google senior vice president of devices and services. rick: we are focused on building the best possible experience. we bring the latest innovations. pixels have always been great with cameras. we have the awesome photography experience that we added to that today with a great zoom experience and another number of tricks we are doing with machine learning and computational photography. we also have a new google assistant running on these devices. the speech models are running really fast. a new ui that is easy to use. we think this will bring help to our users and we think a lot people will like it. david: how much will you compete on price with some of those competitors? rick: pixel 4 will start at $799. we also offer a new range of products called pixel 3a, which offers a much lower price point, starting at $399. we think that portfolio appeals to people looking for a great affordable phone and a premium flagship phone. david: the google ecosystem, how open or closed will it be? we had a works with nest phenomenon, i think you have cut

google has a very good algorithm. google also has a huge amount of data about how consumers search to train that algorithm. a bright kid in a garage could come up with a good algorithm. but they wouldn't have anything like that type of data in order to make it work nearly as well as google works today. >> thank you. and mr. chair, if i could just, i'd also like to hear from miss layton, just in response to either of the questions that i asked that you would just like to respond to. >> well, thank you. i appreciate that opportunity. i would agree with dr. furman, that when we look at artificial intelligence, that this is a greenfield. he's absolutely correct that a scientist sitting in the garage or in the lab could come up with a life changing or transformative kind of algorithm. i am, in contrast to the other panelists, i don't believe data is a bottleneck. because of having been a person working in the industry, the data you collect degrades over time. so if you are a new innovator, you'll looking for spaces where t

talk about that google ecosystem. working with this nest phenomenon which i think you have cut back on. what we are doing is migrating all of our developers to the google assistant developer program. that is so that we have one standard interface and how you interact with google services for the assistant. android, the fundamental system that our phones are built off of has been open since its conception. that is one of the key characteristics. a greatpeople can build product line off of android, and it's been successful. david: there is talk about a possible acquisition of fitbit. are you able to buy right now? we don't comment on any sort of speculation on acquisition, so i'm afraid i cannot comment. david: but you are not out of the business of looking at them? rick: we are always looking at strategic options, so that will continue to be a part of our strategy. david: talk about privacy. as we move into the internet of things, and certainly, i have an increasing number of connections at my house, there are concerns

accuses google of raising public expectations too high but google c.e.o. maintains its quantum supremacies experiment is like the 1st rocket to leave earth's atmosphere an advance that made interplanetary travel at least theoretically possible though that suggests it could be decades before quantum computing can be widely utilized. a serious of pollution crises in vietnam have triggered a public backlash amid accusations that the government is disregarding environmental concerns to develop the economy residents there are dealing with mercury and drinking water and air pollution a dangerous levels among others more and more people are asking if that's the price for economic progress. on containers with clean water supplied by the government because these residents can no longer trust what's coming out of their taps at home after toxic river waste contaminated the water supply of several neighborhoods in the vietnamese capital affecting about a 1000000 people. and the local authorities were slow to act. they didn't warn the residents soon enough because when

google is investing heavily in web services. amazon has a big leg up. >> he brought a microsoft yesterday. microsoft will structurally benefit more from the shift to the cloud. even more so than amazon. are we beginning to see amazon web services and their cloud products lose a little bit of that market share? >> i am not sure about that. that is the hybrid cloud strategy they have been successfully executive. that should continue to benefit them. google has also stepped its game up quite a bit in the past couple of quarters. you will see those results. hold theirzon can growth over there in the 30% plus range. disclosure of advertising will become more critical. this business can be significantly bigger than what it is right now. they have the opportunity and better targeting in many ways. they have a very good roi attentional. as this business gets bigger, they might pull the disclosure. your number how aws was disclosed in 2015. also, the profitability was changed. you remember how aws was disclosed in 2015. also, the profita

nevertheless google views it as a win over its rival i.b.m. google says it would take a traditional supercomputer like i.b.m. summit 10000 years to complete the same task i.b.m. accuses its rival of raising public expectations too high but google c.e.o. maintains its quantum supremacy experiment is like the 1st rocket to leave earth's atmosphere an advance that made interplanetary travel at least theoretically possible. more on the story now with what i had from you science side they are explain to us what is a quantum computer well for this we 1st need to go back to normal computers just remember so they work with 10 zero's right so they're either one are 0 that's the decision they have to take now imagine a world where you don't have to decide between either and our way you can have one and 0 at the same time kind of i know i guess it's hard to imagine that's the world of quantum computers so what they can do they can do very many process at the same time and parallel and that makes them incredibly fast that means they can solve problems tha

of google. up next, u.s. stocks hit a record high. omeone is betting on volatility levels not seen since the financial crisis. we have that next. this is bloomberg. ♪ anna: welcome back to european open. 49 minutes into the trading day. let's talk about what is going on in volatility this morning. someone is betting big that the u.s. stock market is on track for the kind of turbulence not seen since the global financial crisis. american equities clocked new highs. what is going on? >> the consensus trade we have seen is to short volatility. s&p closing at a record yesterday. you can see that when you look into the futures this might be the calm before the storm. looking at the futures, the last level we got was the most net short from these noncommercial managers from earlier this year. earlier this year this was the lowest level in terms of net short on record. investors saying there is going to be more calm to come. however, we saw one investor on friday or throast one investor make this rea

in the times, google posting a 23% decline in profits. alphabet, the owner of google. why the decline? ad revenue, their main revenue, is not going as fast as it used to. they have had increased competition from armours on and snap. they have also invested money in other areas like the cloud, self—driving cars, hardware, fed. the revenue actually increased, much more than analysts were expecting, but because of increased costs and pushes into different areas, profits have been heard. years ago, alphabet 01’ have been heard. years ago, alphabet or google could do no wrong, they we re or google could do no wrong, they were the dialling of all street in terms of the stocks he wanted to have in your portfolio. but now there is so much more attention on there is so much more attention on the likes of google and facebook and their influence, whether they should be regulated or not, whether their wings should be lit in terms of the marketing spend, how much they dominate that as well, the advertising industry. there are a lot of regulatory issues on at the moment that the

. >> up next google officials testify about internet privacy and consumer protection. the house energy and sub congress committee looks at liability issues considering internet providers tech companies and internet users who repost third-party material. >> the committee will now come to order. the chair recognizes himself or five minutes for an opening statement. online content moderation has largely enabled the internet experience that we know today. whether looking up restaurant reviews on yelp, catching up on s&l on youtuber checking on a friend or loved one on social media. these are experiences that we come to know and rely on. and the plot form that we go to to do these things have been enabled the user generated content as well as the ability of these companies to moderate that content in creek communities. section 230 of the communications decency act has enabled that ecosystem to does all. by giving online companies the ability to moderate content without equating them to the publisher or speaker of the content, we have enabled the creation of massive online c

customers can order directly from over 300 restaurant brands across google search, maps, and google assistant. i sat down for an exclusive interview with the ceo on monday. noah: it is about enabling restaurant brands to be found by consumers when they are searching for restaurants on google. consumers naturally do that today, they're looking for favorite restaurants and now they can find the restaurants, order directly from the google platform, whether that is a surge or maps or google assistant, and send the order directly to our platform into the restaurant point of sale. i can't speak to the way google's financial model works. our financial model is a subscription platform and the transaction fee is on top of that for increased order volume. taylor: do you share profits with google per click? when i click on the ad or when the delivery is confirmed? noah: it's coming from the context of consumers ordering from different platforms like third-party delivery marketplaces. when they order from those platforms, the restaurants pay something between 20%-30% commission to the third party marketp

google cause it a milestone in quantum supremacy. a computer that can solve a complex problem within minutes. a task that today's supercomputers would need thousands of years to do. google's rival ibm are casting some doubts about whether the research that was late last month, whether it really represents a quantum leap. >> the more qubits that can be strung together, the vastly more powerful quantum computer becomes. but they need cooling to almost absolute zero to eliminate calculating errors. google's team has made significant progress in that task, theoretically opening aa new era. >> kontinenn -- ququantum compug gives us a chance to not only achihieve many practical these spaces and h helping the world better in a way that we can't do with just t classical computers, it also allows us to help understand the univeverse in a deeper wayay. >> google scientists were able to get 53 qubits to interact in a soso-called quantum state. the quantum computer had to detect p pattes of seemingly random numbersrs. italy took three minutes an

new faciall4's recognition features will not be sent back to google. but the corporation's usc has always been the abibility to tailor i its services to its to do that, it needs data. earlier, europeaean markets are rather subdued today as negotiators in brussels continue their talks over brexit . for more on investor sentiment, let's cross over to london to speak to a senior market analyst. craig, thank you for joining us. the clock is ticking towards a crucial eu summit but still no breakthrough. his optimism fading for it -- is optimism fading for a possible deal? craig: it is difficult to say. conflicting messages from various sources, and a lot of which is being attributed to thinkle vonnie, but they it could be impossible. it is difficult to say exactly where we are heading right now. more of the voices we aae hearing seems to suggest that we are heading for an extension one way or another. there could be agreed later over the course, but we aae still not sure what s clearly very iitense talks happening, and we are seeing lots s of fluccuatios in

with google come down here it is going to be more expensive. these are hard-working people that live in this area.>> reporter: it would be anchored by san jose's train station. a future home to bart. the application doesn't spell out how many of the new homes would be affordable. and critics say that is a problem. >>> there is a correlation in silicon valley between the ascent of major corporations like google and the cost of housing. it is not a mistake to so many people are house loose here.>> there is no one development that is going to stop the cost of living from rising in silicon valley. >>>>> reporter: this is not going to be a quick process. google and the city estimate could take up to a year to begin to study and evaluate every aspect of what is being proposed. i will push the likely votes by the planning commission until the latter part of next year. >>> google facing backlash tonight from forking over substantial contributions to influential positions and events that denied the existence of climate change. according to the guardian

we would love to talk all things alphabet and google. meantime, big market day dow up almost 300 points revisited s&p 3k first time since mid september. jpmorgan, record high 121. i am saying it is phase one week, china, brexit or gm. lot of tentative agreements being written. >> it shows you how clenched up how people were because of those issues seeing some release of that. regained that final hour decline of friday after getting news about the trade agreement and a little more than that. it makes sense you mention hit 3,000, september 19th we closed above it, probably chris crossed it separate days back to july it is not obviously fresh territory but shows you some resilience, reminds me of the setup we had in april and july because you had had selloffs prior months, people very defensive in costs, i think that fund manager server we were talking about reflects the skepticism maybe all you need is things not to be as bad how do you know things aren't as bad, ten year yield is up and up to 175 to me that's how the equation works at the

>> la bocina permite interactuar con el asistente de google lgfo videojuegos estara desde el p primero 19 de noviembre para p empleadel primer trimestre del p1020020oge tendra nuevos aparatos >> gracias por la informacion un tema delicioso pero algo caro q porque en la india esta el cho o chocolate mas caro del mundo san francisco la son las trufas de (...) disponibles en 3 sabores cada una representa una parte de la vida del recic a reciclaje el precio es de seis m mil dolares por kilo funciona funcionarios s ade salud exigeqe se divulgen luen las consecuen d de los implantes de s enosenos complicaciones como riesgo de cancer piden que tengan una li t lista de decisiones seguramntel sociales una familia latina de a arizona se salvo de ser atropqe n se paso un semaforo rojo >> lo que parecia una noche t tranquila , se convirtio en un momento de terror que ulices con su esposa no olvidaran en m mucho tiempo >> es un milagros es una bend i bendicion que salimos sanos y a salvos >> un milagro porque hubopudohr 4 victimas el incidente muestr g milagro cuando el conductor se p pasa una luz

google even more. the advertising business is big and i'm concerned that behavior advertising model is inconsistent with how we have thought about immunity online. right now, we give broad immunities. i support that immunity, but i don't know if it's consistent with this behavioral ad model and surveillance. >> so what do you see as the solution? how can congress play a greater role in dealing with this problem? >> i'll speak to how i looked at the facebook order of violations. the repeated and early violations of that order, that settlement not only completely let executives off the hook and they paid a small fine and their stock went up, there is no substantive limitation on their use or sharing of data and for repeat offenders, there needs to be some ban owes this type of behavior because if they're going to break the law, we have to look at the economic incentive that is driving it. >> i think you said earlier that when you have billions and billions of dollars in a settlement, there's not much inc

same is true of google search. there's two places you have to worry about these things, not just the ads. >> very good. thank you. i yield back. >> gentleman yields back. now i call on the chairman for five minutes. >> thank you. i wanted to start with ms. oyama. in your written statement, you discussed youtube's community guidelines for hate speech. i'm concerned about news reports that hate speech and abuse is on the rise on social media platforms. to removing hate speech, if you will. >> thank you so much for the question. on the category of hate speech, we have a clear policy about it. that would be speech that incites violence or speech that is hateful against groups with specific attributes. so that could be speech based on their race, their religion, their sex, their age, their disability status, their veteran status. and so that is prohibits. it can be either detected by our machines which is the case in more than 87%. by community flaggers. by individual users. and all of those actions that we take, last q

so mike, what's the trade here >> so i like google. i feel fairly constructive on the market right here. i will say this has had quite a run right here and even though it's reasonably priced about 20 times next year's total estimated earnings, it is trading at a valuation about 27 times trailing, which is a little bit higher than some of the basically top earnings we've seen, even relatively recently take a look at where this thing was trading at the end of last year, at about 20 times. so when you think about what the downside could provide, you think, okay, i'm constructive, i'm bullish. but it's a 1265 stock. buying 100, $125,000, thereabouts. there might be a way to make a bullish bet that's going to cost you less money, risk a lot less money. looking out to january 13, 1,400 call spread, looking at this earlier today. spending basically $29 a share net, net not inexpensive by options trading standards because each contract representing 100 shares, $2,900 but consider the alternative $126,000 worth of stock or $2,900 worth of optio

with google coming down here it is going to be more expensive. these are hard-working people that live in this area.>> reporter: the project will be anchored by the train station a future home to bart. the application doesn't spell out how many of the new homes would be affordable. and critics say that is a problem. >>> there is a correlation in silicon valley between the ascent of major corporations like google and the cost of housing. it is not a mistake that so many people are house list here.>> reporter:>>> there is what no one development that is going to stop this cost-of- living from rising in n silico eyquick process. google and the city estimate is likely to take a year to study and evaluate every aspect of what is being proposed. that would likely push revolt by the planning commission until the end of next year.>>> playing tackle football kids is is smoking.>>> you got to see more of this interesting new ad campaign. >>> my favorite part is seeing the blue angels flyby. >>> no shortage of excitement in the air for fleet week. we are th

and uploaded but to google terms with this technology it applies the content and why google office will be used for free. >> thank you for the question. i think that maybe a misperception cars we have content idea which is our copyright infringement system which is on needed and i think every leading publisher is part of it. it's part of our partner program and offered for free and it doesn't cost them anything it's a revenue generator so we had three billion dollars based on the claims of copyrighted material that right holders claimed. we were able to take the majority of the revenue associated with the content and send it back out to them. that system of being able to identify and protect the content to then set controls to be in the entertainment served or in the case of violent extremism is absolutely blocked which powers much of this. >> thank you, i yield back. >> they gentlemen you looked back and mr. loebsack, you are recognized for five minutes. >> thank you madam chair i want to thank the chair schakowsky and the two ranking members of the committee for holding this hearing t

and google being a multibillion dollar tech company maybe collaborate with another tech company to find other ways to call servers the controversy here in south carolina and google involves something called ground water or water that it's sucked out of an awkward for the concern is that as you pull the water out once it is used unless it is replenished by rain or snow or by some other source that over time the aqua for begins to collapse in on itself the ground shrinks and that creates infrastructure problems but beyond that the problem is for the next generation there isn't enough water technologies that exist today can provide vast amounts of clean safe healthy drinking water and water for other purposes in society it's being stated by local people that google is acting in a very irresponsible way at this is not an evil corporation you know trying to steal the future of a widows and orphans would google tried to do is they try to at the time they built this facility to be extremely energy carbon fuel independent and sustainable and the choice is between whether use air conditioning wh

demonstrates google has come a lot weight and identifying illegal activity. given that google is able to identify such activity, why would he not just takedown the content question. >> that was for her yama. >> it is true that our ad system we do have a risk engine. we prohibit illegal content. there's monday different policies and there is stricken more than 2 billion ads every year. for violating those policies illegal and beyond. >> to taking them down. >> absolutely. before they're even able to have edge. very squarely in line with our business interest. want advertisers to feel that our network and that our platforms are safe. you want to know, our advertisers only want to be surfing i'm going ads and i'm going content. >> final question commander said the google offers a feature to put a tag on work that would automatically take it down and upload it but they google charges a the for this. can this technology be applied to other legal content and why does google offer this tool for free. >> i think that may be a misperception. we do have id which is our

what does this take from google's perspective? tom: this memo is misinterpreting the intent of this tool. but, what we have done as reporters, we have spoken to people who are familiar with the situation, were familiar with the contents of the memo. they have done some research. engineers are google who are good and what they do, they have looked at the tool, they have done their own analysis of it, and they have raised some of those concerns that were outlined in the memo. taylor: mchugh said, there has been growing tension, if you will, between google and the employees. remind me some of the recent heightened tensions we have been dealing with. was concern about payouts for executives come a particular executives who walked away with a lot of money after being accused of misconduct, sexual misconduct, with an google. that was one of the things that raised a lot of eyebrows. employees also raised concerns about google's willingness to go use contracts, pool technology for the military. intelligence,al facial recognition, those ki

beyond meat, google? >> i think google's going higher. i think beyond meat's going lower. charles: really? okay. beyond meat was flat a moment ago. now it's up five bucks. i don't know. it's looking pretty enticing to me but it is high risk. todd, thank you very much. folks, dow is up 140 points. i got a feeling this next hour is going to be explosive. liz claman, over to you. liz: exactly. we are about to witness history. i hope you don't move from that chair. you have nothing better to do, i'm sure, than just sit on your set and watch this. i know you will be watching because the s&p 500 is now just 59 minutes away from closing at an all-time high. the market spurred after president trump said phase one of the china trade deal is ahead of schedule and could be signed at the apec summit next month in chile. the president making the comments before departing for chicago and believe it or not, the chinese kind of agreed. look at the dow. the dow is no slouch. it's back above 27,000. the nasdaq is a big percentage gainer here. it's up 85 points or a full percentage. t

google employees came out and said no right so actually last year google. google employees came out and said that they don't want anything to do with government contracts google listen to their employees and was like ok that they don't want anything to do with government contracts google listen to their employees and was like ok that's fine we'll take a step back microsoft employees at. same time said the same exact thing but fine we'll take a step back microsoft employees at the same time said the same exact thing but microsoft was like wow we're going to have a long standing history with the military so we're going to like wow we're going to have a long standing history with the military so we're going to keep doing it so that's where that falls into play work google had to keep doing it so that's where that falls into play work google had no hand in this whatsoever not even to make no hand in this whatsoever not even to make. you know thank you so much fair and. watching the national honor and you know thank you so much fair and. watching. thanks for bri

our people in south carolina what they thought about google using water this way. yes i think it would definitely affect their ability. to have clean water without more filtration being in the process i'm not sure that would be the best idea just for the environment probably wouldn't be the best i think there could be a better way i think that. google being a multibillion dollar tech company maybe collaborate with another tech company to find other ways to call servers the controversy here in south carolina and google involves something called ground water or water that it's sucked out of an arc or for the concern is that. you pull that water out once it is used unless it is replenished by rain or snow or by some other source that over time the aqua for begins to collapse in on itself the ground shrinks and it creates infrastructure problems but beyond that the problem is for the next generation there isn't enough water technologies that exist today can provide vast amounts of clean safe healthy drinking water and water for other purposes in society it's being stat

it could be in a wearable, in your nest or google assistant or your driverless car. we talk about how 5g will affect this, every part of that will be controlled by google and the battle for your home and that eco system there. >> if we break out and look at youtube, how is that comparing >> we don't get those numbers. we know ad sales are strong. no clear numbers behind that which is a dig frustration >> you see the analysts saying give us some predictability. >> right we get it from other companies we know other companies are vesting heavily in streaming we heard that is happening from google, we just don't know exactly how much and what the path will be >> that wraps up the program thank you for tuning in this morning. "worldwide exchange" is coming up after this. >> it is 5:00 a.m. and here are your top five at 5:00. the trade war olive branch maybe, the white house considering another show of faith. trade talks continue one year since the first fatal 737 max crash. boeing will finally face lawmakers today. beyond meat getting burned we speak with an i

customers can order directly from over 300 restaurant brands across google search, maps, and google assistant. i sat down for an exclusive interview with the ceo on monday. >> it is about enabling restaurant brands to be found by consumers when they are searching for restaurants on google. consumers naturally do that today, they're looking for favorite restaurants and now they can find the restaurants, order directly from the google platform, whether that is a surge or maps or google assistant, and send the order directly to our platform into the restaurant point of sale. i can't speak to the way google's financial model works. our financial model is a subscription platform and the transaction fee is on top of that for increased order volume. taylor: do you share profits with google per click? or whenlick on the ad the delivery is confirmed? noah: it's coming from the context of consumers ordering from different platforms like third-party delivery marketplaces. when they order from those platforms, the restaurants pay something between 20%-30% commission to the third party marketplaces. this

i will say google that is not true at all. we have never stopped working. we can always do better but we are constantly adopting new technologies. we initiated one of the first ones which enabled us to create digital fingerprints and imagery and prevent it from being youtube and there's ant tool and we are sharing it with ngos. they resulted in a seven times increase. it's going to continue to be a priority but i just wanted to be clear that from the top of our company we need to be a safe and secure place for parents and children and we will not stop working on this issue. >> i'm very pleased to hear that there has been and you are ouaring them and that's important however i will say the indiana police captain chuck owens who hasas testified before the energy and commerce recently toldpo me one of the issues that law enforcement runs into when working with and accompanies is an attitude he calls minimally compliant and she says internet companies will frequently not preserve content that can be used for investigation of law enforcement and make companies a

>> you saw this when it was google. they spend a lot of money, it pulls back, and then they come back. many of these large tech companies go through consolidation, they pull back. sometimes they will lose 30%. sometimes it will take a while before they start to base again. that is what they have done. it is this sort of natural system that they have to go through, pulling back and coming back out. i think that is probably the case with our that. alphabet. that -- we have seen the likes of the .ndustrial names that we have seen the likes of the industrial names that are completely different come into terrible earnings. talk about crosscutting, pulling back, talking about cap and others. market punishes and then they come back up. not because of the immediate economic environment, but perhaps an environment that the market sees. but that is different from the tech bellwethers. caroline: what other sectors are we going to have to keep a close eye on, in terms of reflecting the consumer? it had reflected business investment

google might be stuck a bit. apple gotten ahead of itself amazon not making a new high any time soon. maga is a complex and i think apple is the most important next week. >> it's the heavyweight. of course it carries outsized impact you know, the point i would make is apple has traditionally had massive cash flow and a chief valuation as a primary reason why you want to buy it one of those remains true. only one of them valuation is not so remarkably cheap anymore. trading at 20 times. that's fairly priced probably. but anything disappointing hurting this stock and hurt the market. >> all right well from big tech to heavy metal u.s. steel forging ahead to the earnings report next thursday but looking to a way to stop the bleeding from the trade war. this was a $45 stock back in march of last year before the trump tariff fallout and cap shares but that feels like ions ago now it's barrel in the double digits. appears it gears up to test metal next week dan says the stock may have found a bottom. >> interesting you

>> we continue to highlight amazon, google, facebook as a basket we like those three names. if you look at the bricks are beating the clicks target, walmart, costco have stolen some thunder. tech has been under pressure from valuations as well as the regulatory of haver hang we think of the stocks is somewhat mediocre. it's hotter for what we would say in software and other areas of tech. we think the set up is reasonable many of these companies earn to grow close to 20%. consumers is healthy and we continue to believe the tail winds online continue. we don't think there's any material big issues. facebook, potentially give more sour guidance on next year's number but i think ultimately they've been very conservative and that is up 40% year to date on guidance they gave they raised after the first quarter out. we think, again, the set up looks pretty good for internet it's a higher bar for software, microko microsoft and some of the other names have a higher bar to clear as we cover both sectors we think it's fairly immediate i don't career -- mediocre going in >> terms of a

google handles 65 percent of all internet search in the u.s. and even more overseas. in the early days google was just a search engine the search engine was initially was an index to what.

while the ftc is a recent settlements with facebook and google's youtube included finds that made for a great headlines, they did little to fix the core problems that fueled these companies to data abuses. big fines are not big penalties for the world's biggest companies, and as we've seen time and again when a template company can pay a fine from its gains this is not a penalty, this is an incentive. as congress, federal anti trust enforcers and state attorneys all pursue their investigations we will need to pursue remedies that reduced concentration, eliminated conflicts of interest, or send abusive contract terms against small businesses and limit capture. for example, recent scholarship has revealed that anti trust actions that separated lines of businesses are required, for ordered more patent available for public use after competitive conduct, all elected massive innovation, small business entry and economic growth. these are useful tools in the tool box for policymakers and enforcers to consider went looking to build the remedy and prevent arm. in conclusion, while some believe

they could contribute to google and apple. do you see that monetization of maps helpful, or does that hurt waze? noam: so obviously, as any business, we have to be rational. right? we have to have income to be profitable because if not, we can never achieve our mission. there is a thin line between being mission driven and being you know rational in terms of your financials, and we are very focused on that, and this is why we have to have a rational business model, and there's tremendous potential in maps in general. right? transportation is a multitrillion dollar business that is all being reinvented in the current years, so there's a lot to go around. that being said, how and who is something that we are all working on together as an industry to try and figure out. taylor: that was waze ceo and founder noam bardin. and that does it for this edition of "the best of bloomberg technology." we bring you all the latest in tech throughout the week. tune in each day, 5:00 new york, 2:00 san francisco. "bloomberg technology" is live

using interactive content to inspire people to take action google audience and series of global 3000 on t.w. and online. cut. pressure is mounting over turkey's offensive in november syria they can all make sanctions against iran are are looming large and companies such as fox wagon are reassessing their business in turkey also on the program the international monetary fund puts global economic growth at the lowest level since the financial crisis he says the situation is precarious there is no room for policy mistakes and ecuador is returning to normal after extensive violent protests over the ditching ugh. fuel price subsidies. i'm for scoble welcome to the program turkey's invasion and northern syria has shocked leaders in europe and the united states from across the political spectrum u.s. vice president mike pence and secretary of state my pompeo are in turkey on wednesday trying to broker a ceasefire the business world is also reacting with fox wagon putting its plans for a new factory in the turkish port city of izmir on hold leaving one and a half 1000000000 euros of investme

i cannot speak to the way google's financial model works. ours is a subscription with transaction fees on top for increased order volume. taylor: do you share profits , or whenle per click the delivery is confirmed? noah: it is coming from the context of consumers today ordering through different platforms like third-party restaurant delivery marketplaces. when they order through those, they pay between 30 per -- 20% and 30% commission. this gives restaurants the ability to directly take orders from google and we charge a flat fee per month and a fee per transaction that pales in comparison to the delivery markets. taylor: why would they want to be on your site? as thehey are using olo digital platform. oloaurants are looking to as their partner to drive direct traffic into their restaurants around developing a direct digital relationship with those consumers, and listing their menus on popular third-party platforms to keep the restaurant ordersrol and enable all to come from outside the restaurant to the point-of-sale system inside. oloor:

google employees came out and said that they don't want anything to do with government contracts google listen to their google employees came out and said that they don't want anything to do with government contracts google listened to their employees and was like ok that's fine we'll take a step back microsoft employees at the same time said the ploys i was like ok that's fine we'll take a step back microsoft employees at the same time said the same exact thing but microsoft was like well we can have a long standing history with the same exact thing but microsoft was like wow we can have a long standing history with the military so will it work eric here egypt doing it so that's we're going where doing that fall into place so that's where that falls into play work google had no no. and at the end this one had its own this last water so why bother. not not even you know just made it to the national honor and i don't know i mean i think you are saying no no i don't. use that fair on my. fair and. watching. thanks for bringing us larry. and watching. thanks for bringing us larry. all righ

so is google in a state of turmoil? >> with regard to the quarterly numbers, i think they are good enough, we never seen companies this big grow this fast before, this is companies still capable 20% top. david: the ceo seems to say that there problem they have with employees. >> look, they have to come to terms with it this company wants to do business with the entire country, they can't play to half of the country with politics, they have to come to terms with this request their. -- with their employees. >> not just politics but sexual harassment issue, and they handle that, a huge number of people walk odd. which employees walked out and targeted those employees, that is what the rest of the world thinks it happening at google all of the time, welcome to our world. but, big company with growing pains, i don't think it a huge issue. >> a lot of the technology companies at-this-point in time. people are waking up to what is happening in corporate boardrooms, they are yelling and screaming and when there are sexual haras

he did not name any names, but cloud, think of it as in really google, google is coming in and taking some business away that serve companies the companies. >> thank you so much for joining us. next, japan and the latest reading of tokyo cpi. this is bloomberg. ♪ ♪ >> this is "daybreak: asia." we are getting the latest inflation reading for tokyo, cpi year on year, the headline 0.7%., again that ,t is lower than expected excluding fresh food year on year, 0.5%. we were expecting 0.7%. tokyo cpi excluding fresh food , and the line7% with expectations. of ane expecting more inflation impact when it came to the sales tax. that has not percolated through. pointing out a change in childcare education policies which would have the flattening impact on core inflation, but we are not saying much of the effect of the sales tax. headline number, zero point 4%, excluding fresh food, 0.5% when it comes to the tokyo cpi numbers. we get that boj decision this week as well. let's get first word news. >> european central bank president mario draghi has handed over the baton to christine lagarde i

google didn't create it. it was created by the fact here in silicon valley we've grown jobs six times the rate housing units are built. that is a problem we have to grapple with today. stuart: i used to live in san francisco. this was the in 1970s, late '70s. at that time, san jose, 50 miles down the road, it was relatively small town. i mean it simply had not taken off anywhere near like it is today. but let me just return to one thing here. google plans to build 20,000 new homes in san jose. you can't get planning permission to build new homes in california. it is not easy. takes years. >> there is no question we need to accelerate our development of housing but we've got 6,000 unit now already under construction and in the pipeline. we're going to build very aggressively this year. i expect we'll have significant numbers. in a typical year, in the past we built about 3,000 units a year. i have laid out a plan to accelerate that to 5,000 units a year. really, look, we're a city of 1.1 million people. adding

we also have a new google system running on these devices. the speech models are running really fast. ui that is easy to use. we think this will bring help to our users and we think a lot people will like it. how much will you compete on price with some of those competitors? atk: pixel 4 will start $799. we also offer a new range of whichts called pixel 3a, offers a much lower price point, starting at $399. we think that portfolio appeals to people looking for a great affordable phone and a premium flagship phone. david: the google ecosystem, how open or closed will it be? he works with nest phenomenon, i think you have cut back on, haven't you? we are migrating all of our developers so we have one standard interface to how you interact with google services. of course, android, the fundamental system our phones are built off of, has been opened since its inception. i think that is one of the key characteristics, that sony people can build a great product line off of android. avid: there is talk about possible acquisition of fitbit. does the a

google, $10 million is like couch change to the rest of us. melissa: yeah. >> google has 90% of search. they're in big danger being broken up. i think they need to add a few more zeros to that program if they want us to take them seriously. melissa: paul, i don't think they would mind doing that. this is not charity. they don't have enough workers to fill jobs. all the companies are in the same position. they need people with the right skills. i love the idea you don't need a college degree. come in the program and you are ready to work. that cuts down on the debt problem. >> this is the future of week. they already trained three million people in digital services. a former secretary of labor just said a few weeks ago, top 10 in demand jobs in the united states did not exist 10 years ago. i should make one other point. this particular program with $10 billion or $10 million is for minorities. they have actually, google is actually pledged over one billion dollars for this overall program and this is just a small part of it. so i just wanted to

nevertheless google views it as a win over its rival i.b.m. google says it would take a traditional supercomputer like i.b.m. summit 10000 years to complete the same task i.b.m. accuses its rival of raising public expectations too high but google c.e.o. maintains its quantum supremacy experiment is like the 1st rocket to leave earth's atmosphere an advance that made interplanetary travel at least theoretically possible. this is due to the news still to come on our program with the world penguin populations in decline for meet some of the people working to save the one penguin species native to africa. but 1st spanish authorities are due to start removing the remains of francisco franco who ruled spain for almost 4 decades that until his death in 1975 his body is being removed from a shrine that critics say glorifies franco's victory in the spanish civil war instead of commemorating its victims their move all has sparked an emotional national debate we buried next to his wife this colossal mousa liam known as the valley of the fallen house the

or one of the search engines and then when you do a search on a google search for their company they are way down at the bottom and you have people that are advertising with google that are preference at the top and people would like for that to be more organic and more specific to the search and the people are running or entering that search engine. we are also going to look at antitrust competition and look forward, i think that is something we would get into early next year. last week we had a session on data portability to actually look at who owns your data and if you have the right to move that data, to transfer that da data, from one platform to another platform. >> host: senator, i don't mean to be trite but there seems to be political backlash against big tech. >> guest: i think what has happened as the tech companies have grown and really become basically a monopoly within a given field that you are seeing a push for more transparency in their operations more transparency into how they develop their algorithms and insight into how they go about exercising their preferences.