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appreciate all of the support from everyone. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i m alisa parenti. this is bloomberg. bloomberg technology is next. emily: i m emily chang. this is bloomberg technology. coming up, a bloomberg scoop. apple dives deeper into ar and could have been augmented reality headset in stores by 2019. how the new device will stack up against competition. plus, a startup going head-to-head with amazon. the ceo, bashed in lemon bastian lehmann, joins us. the l.a. clippers owner and former microsoft ceo joins us for a wide-ranging interview. venture intends to hold the government accountable for achieving tax goals. bloomberg is reporting that apple is said to be developing an augmented reality headset that could be in stores by 2019. a couple things will set this apart from existing available ar devices. it will contain its own display, so you won t have to insert your s ....
why microsoft is boosting its videogame investment. developingid to be an augmented reality headset that could be in store by 2019. a couple of things will set this apart from available ar devices. it will contain its own display. it will also have its dedicated operating system. i sat down with mark gurman who broke this story. i think we had an in depth look at a lot of projects. at apple, there is this team newing on two headsets and systems for the iphone. the new headset they are working on is one that runs its own operating system and doesn t have to have an iphone attached to it. they are working on another headset that is like an oculus ar and strap it on your head. this is only what they are doing for testing and leveraging the ar technology parried emily: seems like they are focusing on ar. agree that vr has great applications for education, but ar is like a watcher that you can use in your day-to-day life. ar headset has several application. to what tima li ....
details on the new console and why microsoft is boosting its videogame investment. apple is said to be developing an augmented reality headset that could be in store by 2019. a couple of things will set this apart from available ar devices. it will contain its own display. you won t have to answer your smart phone. it will also have its dedicated operating system. i sat down with mark gurman who broke this story. i think we had an in depth look at a lot of projects. at apple, there is this team working on two headsets and new systems for the iphone. the new headset they are working on is one that runs its own operating system and doesn t have to have an iphone attached to it. they are working on another headset that is like an oculus ar and strap it on your head. this is only what they are doing for testing and leveraging the ar technology parried emily: seems like they are focusing on ar. tim cook has been clear on how apple things ar is the more main stream. i ten ....
(catherine) an audit of the university of california system has resulted in a troubling accusation against its administrators - that they hid lots of money from the public. california s auditor says top administrators hid 175-million dollars from thepublic and lawmakers in a secret reserve fund. and they did it, according to the report, even while raising tuition and asking thestate for more money. the scathing report was released today..saying that u-c president janet napolitano s office created the undisclosed budget over four years - so the money could be spent with little or no oversight. napolitano denies the claim.. she argues the true amount of money in reserve is 38- million..and says that s a modest amount to stash away for unexpected expenses.. meantime, lt. governor gavid newsom - who s also a u.c. regent - is angry aboutthe revelation. he says it s outrageous to force tuition hikes on students while hiding secret funds. he wants recent tuition hikes to ....
now. as that that starts its two-day fomc meeting for this month. were are fears of brexit as head towards june 23 and the referendum in the u.k.. u.k.ferendum in ,he s&p is still not that bad you re today or from the yearly lows. or from theate yearly lows. still up about 13% or so. even with this slide down, we are doing well year to date. let s take a look at the imap function. the 10 sectors in the s&p, we have a fairly big lean towards the negative territory. financials down the most by about 1.5%. material is down 1.4%. telecoms up .2%. we did hear about the fcc and that neutrality rules. net neutrality rules. ricin and at&t getting a pop because of stability moving ahead. getting a and at&t pop because of stability moving ahead. the fed meeting today and tomorrow come interest rates on the minds of many. take a look at where we are with yields across the world. the german tenure is down three basis points. 10 year is down three basis points. swiss as well. th ....