emily: so, why? it is hard to even get someone to come on and talk about the e-cigarette industry, let alone invest in it. why do you think this is an opportunity? catharine: i see these as an opportunity and i saw that as i was interviewing at venture firms. we pitched all of these industries, and now them were allowed to invest because of these vice laws. for me, i saw it was a whole market that was overlooked. it was a great opportunity to create a committee around vice and a vehicle to invest in it. emily: how much money can you make on it? as you mentioned, they are recession-proof. but what is the business? catharine: the businesses we are the first check into these businesses. so if they sell to any private equity funds, to consumer retailers, to canapes, to anyone. emily: so marc andreessen invested in your find. i wonder how hard it was to raise that find from traditional investors. catharine: it was extremely difficult. i called and emailed over 550 people in order to get in touch with ever

emily: what is their plan b? >> what we try to show in the story to an extent is that a lot of people don't recognize just how powerful they are. when sanctions have been used in the past against countries like korea or japan, they are relatively small domestic economies. we use this statistic all the time. china mobile has more subscribers than the u.s. has people. there are people who have never looked at google search because they never needed to. there are people who are not using apps supplied in the u.s. because there is enough in the market on its own terms. emily: we don't know if the tariffs will go into effect at all. we are still waiting for the meeting to happen. but you wonder, even if these new tariffs did not go into effect, if the uncertainty has been so intense for this company that they are already moving to plan b and start making arrangements for the future? brad: what we have heard from our own reporting and that of others suggests that big companies like apple are looking at other sources of

emily: welcome back. i am emily chang. u.s. intelligence says russia, china and iran tried to sway u.s. public opinion ahead of the elections. in some cases, through social media. this as tensions continue to mount between tehran and washington over the recent downing of a u.s. drone, and the u.s. has ratcheted up pressure on iran with new sanctions and a cyber strike. iranian hackers have stepped up stepped up against the u.s. in turn. that includes attempts to infiltrate banks and government agencies through their computer system. tuesday, we spoke to the head of a global intelligence firm about those attacks. >> we are seeing a barrage of spearfishing emails from threat actors from iran and targeting multiple sectors, financial, government, media, education, likely others. emily: what are the objectives? to cause disarray? >> the objective of most of them is to establish a foothold in the network. this could be just to collect information and intelligence. these tools and techniques were precursors to more destructive attack

emily: emily, -- jamil: emily, we are seeing all sorts of huge threats out in the world today. we know about the efforts by china to conduct cyberattacks against u.s. companies and the like. we have seen what iran has done in the physical space, with oil tankers in the persian gulf and shooting down a u.s. drone. we know north korea is involved in major cyberattacks, including wannacry. and russia with the attacks which anniversary is tomorrow, my birthday, russia attacked ukraine and that affected international companies. we know that people are getting aggressive in this space. if we are going to reduce our collection capabilities, whether they are against foreign terror targets or foreign nations, that is going to make us a little more vulnerable. the trade-off between how vulnerable we are and whether we get these benefits from cost savings or privacy benefits is a hard one to make and one that the government is constantly looking at. but we shouldn't just say that there are not very real threats against our nation, which there are, and it shouldn't be that we should always

emily: and pricing will be key. thank you both. , the boston pops fireworks spectacular from the largest and oldest fourth of july event, here is a taste of what to expect. ♪ [applause] ♪ emily: do not miss the boston spectacularks bac on july 4 right here on bloomberg television. detailsp, a new report how iran is trying to attack u.s. banks. the company's head of threat intelligence joins us next. this is bloomberg. ♪ emily: "bloomberg technology." following in cyber warfare between nationstates. the trump administration is saying russia, china, and iran are all trying to sway public opinion ahead of next year's election, in some cases through social maybe a -- social media. up u.s. is ratcheting pressure on iran with sanctions and a cyber strike. according to a researcher, iranian hackers have stepped up attacks against the united states in recent weeks. that includes attempts to infiltrate banks and government agencies through their computer systems. for more on these attacks, let's get straight to the sou

emily: i'm emily chang in san francisco and this is "bloomberg technology." coming up, shots have been fired between the u.s. and china in the global trade war. the tech sector, caught in the crossfire. who is going to win and lose? facebook is putting together "an almost supreme court." we will take you inside the company's content -- content oversight board that makes decisions on what goes up and must come down. it going touches $11,000 for the first time in 15 months. is the latest bitcoin bump here to stay or just another bubble? the clock is ticking on president trump's next round of china tariffs. a proposed new wave of tariffs set to go into effect as early as next month end half of those -- and half of the $300 billion of targeted goods are tech related. a new article details how china's tech industry is mostly insulated but there is one area where it is still dependent, very dependent. the semiconductor chip. over the last decade-plus, china has seen a surge of chip imports that surpasses $300 billion. to further breakdown the effects on tech in bot

emily: right. ellen, you see this in companies, groups, particular teams going rogue, using slack, they love it, everybody else at the company has no idea anybody is using it. ellen: one of the things stewart butterfield, the c.e.o., said in an earnings call, one of the biggest challenges and tuns they hasnd opportunities slack is explaining to salespeople who have never used slack what it is. there's not an easy answer. he tried to say it gets close to replacing internal email, which is a good way of saying it, but it's smrn that. -- it's more than that. until you try it, you don't know it and that's great because once you try it, people love it. until you do it's hard to grasp. that could be a challenge for their growth going forward. emily: michael, as someone outside of our silicon valley bubble, what's the view on slack beyond? is it a cool thing, people don't use it don't understand or don't know about it? or is it becoming more mainstream? michael: it's starting to become more mainstream sim

♪ emily: i'm emily chang and this is the "best of bloomberg technology," where we bring you all of our top interviews from this week in tech. coming up in the next hour, big tech is in the firing line of the u.s. government. alphabet, facebook, apple, and amazon maybe set to face antitrust probes. plus, scrutiny overshadowed apple as it rolled out its new hardware at its annual conference. we bring you the key takeaways. and are drones the key to amazon locking down its deliveries? we take a look at the e-commerce giant's plan. of top story, shares alphabet, facebook, apple, and amazon tumbled at the start of the week after news broke these companies could be the target of antitrust probes. in google's case, they are -- the department of justice is mulling an antitrust probe and has restriction over a potential apple probe. they now reportedly have jurisdiction over a potential apple probe. meanwhile, the ftc is looking at whether apple practices harm competition in the digital market. google and facebook make up over half of digital ad revenue and their closest competitor amazon has 9

♪ emily: i'm emily chang and this is the "best of bloomberg technology." we bring you all of our top interviews from this week in tech. coming up, big tech is in the firing line of the u.s. government. big companies could be set to face antitrust probes. and scrutiny overshadowed apple as it rolled out its new hardware. we bring you the key takeaways. drones the key to amazon locking down its deliveries -- the keyes -- are drones to amazon locking down its deliveries? shares tumbled at the start of the week after news broke these companies could be the target of antitrust probes. are --le's case, they the department of justice is mulling an antitrust probe and has restriction over a potential apple pro. meanwhile -- probe. meanwhile, the ftc is looking at whether apple practices harm competition. google makes up over half of digital ad revenue and their closest competitor amazon has 9% of the market. the digitaldominate ad market but does own up to half of e-commerce. we also learned a potential amazon probe fall under the ftc. the director of the enforcem

♪ emily: i'm emily chang in san francisco, and this is "bloomberg technology." coming up in the next hour, washington has turned the antitrust lights on, but big tech is ready. legal teams are already in place. plus, the trump administration reveals new possible timetables for tariffs against china and mexico. what could slow down the global trade war? and if you are being inundated with robocalls every day, help may be on the way thanks to a new initiative from the fcc. but could scammers and bogus callers still find a way to get with robocalls every day, help through? first, to our top story. big tech is mounting its defense against u.s. antitrust scrutiny. long before the department of justice and federal trade commission divided oversight of the biggest tech companies. the big four have been spending big on lobbying and continue to their in-house legal teams with numerous antitrust lawyers who served in the government. in the first quarter of this year alone, amazon, google, netflix, and facebook spent a combined $11 million on lobbying. six david, is there

emily: i am emily chang in san francisco, and this is "bloomberg technology." san ng up in the next hour, francisco is home to juul, but officials seem to have to want nothing to do with it. we will talk about the city's crackdown on vaporizing. plus, cyberattacks linked to the u.s. and iran. what is the endgame? oracle challenges the bidding process with the u.s. defense department. will it force the process to stop? san francisco is expected to be the first city to ban -cigarettes. they will hold a final vote to ban the distribution and manufacturing of e-cigarettes, making them illegal to sell in stores or online. if approved, it will be signed into law. it could pit the city against juul labs. it is backed by big tobacco and brought in more than $500 illion in revenue. to discuss this with us are our uests. what is the status of this right now? >> we are waiting for the city to vote on whether to take this step. we are expecting it in the next couple of minutes. juul has become a really controversial company. san francisco doesn't like them. the main reason

♪ emily: i'm emily chang and this is the "best of bloomberg technology," where we bring you all of our top interviews from this week in tech. coming up in the next hour, big tech is in the firing line of the u.s. government. alphabet, facebook, apple, and amazon maybe set to face antitrust probes. plus, scrutiny overshadowed apple as it rolled out its new hardware at its annual conference. we bring you the key takeaways. and are drones the key to amazon locking down its deliveries? we take a look at the e-commerce giant's plan. our top story, shares of alphabet, facebook, apple, and amazon tumbled at the start of the week after news broke these companies could be the target of antitrust probes. in google's case, they are -- the department of justice is mulling an antitrust probe and has restriction over a potential apple probe. they now reportedly have jurisdiction over a potential apple probe. meanwhile, the ftc is looking at whether apple practices harm competition in the digital market. google and facebook make up over half of digital ad revenue and their closest competitor amazon h

♪ emily: i'm emily chang and this is the "best of bloomberg technology" whoever you bring you all of our top interviews. slack makes its public debut but not by the usual path. -- ipo path. and facebook reveals plans for its own cryptocurrency but lawmakers are pushing back. and we have an exclusive sit down with sheryl sandberg who responds to the controversy. first, to our top story. slack makes its public debut the at a direct listing on the new york stock exchange, opening 48% above its reference price. valuing the software messenger at more than $20 billion, a big increase from the last private valuation. they raised money at a 70.1 -- $7.1 billion valuation. i caught up with slack right before shares began trading. >> at this point it has been working exactly the way it is supposed to work and ultimately, we will open and have a high and low. the same thing will happen tomorrow and we are very much focused on the long-term. emily: you are still paying large fees to bankers. you raise a lot of money. so what problem are you really solving by doing a direct listing versus a tradi

♪ emily: i'm emily chang, and this is the "best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, after its rocky debut, uber reports its first earning results as a public company. is the ride-hailing giant really on a path to profitability? plus, alibaba is considering a megadeal that will bring china's largest company closer to investors on its home turf. we've got the details on a potential second public listing. and facebook shareholders pressed for more checks on ceo mark zuckerberg's power. we will bring you highlights from his annual investor meeting. first, to the top story, uber, the biggest ipo of the year, has had a bumpy start to public life. investors remain concerned about the size of the ride-hailing market, the reality of self-driving cars, and taking on another risky asset amid a worsening u.s.-china trade dispute. the ride-hailer gave insights into its growth, reporting first-quarter results thursday. dan ives, managing director for wedbush securities and bloomberg intelligence's mandeep singh joined me shortly af

♪ emily: i'm emily chang in los angeles and this is bloomberg technology. coming up in the next hour, hanging by a thread. why the threat of antitrust elation has silicon valley and tech investors on edge. plus, rating uber. after a rocky ipo performance, uber's underwriters are defending the stock with bullish calls. but a big tax investigation is looming. chinese citizens continue to push back on censorship. just how high can the great firewall in china really go? but first, to our top story, the u.s. government is increasing its scrutiny of big tech companies. on top of the department of justice and federal trade commission dividing oversight for possible probes into google, facebook, apple, and amazon, the house judiciary says it will spearhead its own investigation into possible antitrust practices. house lawmakers plan to hold hearings on the matter, a move endorsed by house majority leader nancy pelosi, who had this warning. "unwarranted, concentrated power in the hands of a few is dangerous to democracy, especially when digital platforms control con

emily: i am emily chang in san francisco. this is "bloomberg technology." coming up, president trump says the u.s. should sue google and facebook. this, as executives are grilled on capitol hill. it is ahead of the first democratic presidential debate. plus, a legal loophole. american companies finding a workaround on the u.s. ban on huawei. will it last? apple hires a key chip designer as it pushes to make its own semiconductors. how this could be a game changer for future gadgets. shares of facebook and google dropping on the heels of another presidential rant against u.s. social media companies. here is what president trump told foxbusiness. "we should be suing google and facebook, and perhaps we will, ok?" to talk more about the reaction, let's go to our reporter in new york. shares did react to the president's remarks. what happened? >> absolutely they did. you look at facebook and google, you just saw the share prices. down 0.6%, so not anything huge. minimal -- still pretty minimal, but we clearly saw before markets opened the stocks react off these

♪ emily: welcome back to "best of bloomberg technology." i'm emily chang. alibaba is said to be continuing a $20 billion share sale in hong kong. this follows the record-breaking ipo in new york in 2014. the news coming as tensions between the u.s. and china escalates, leaving chinese companies grappling with how to deal with an increasingly hostile u.s. government. the megadeal would bring china closer to investors at home. elizabeth: what we know is alibaba is looking at applying for permission to file this ipo later this year. obviously, this sort of a big coup for hong kong after missing out on that initial ipo five years ago, the biggest one ever. this is their opportunity to win back their national treasure of a company. emily: how much if anything does this have to do with trade tensions between the u.s. and china? elizabeth: the timing is really interesting. this is being called a trade war ipo. there definitely seems to be some element of that that people think this is an unattractive time to look for domestic investors, those kind of investors tha

emily: really? [laughter] john: the established companies working on real space, there is a mix with the virtual. i want to see this competency get better. inject competition, silicon valley practices and maybe there is a way silicon valley startups can learn from end-ups. emily: what particular things are you fed up with from silicon valley? john: i wouldn't say i was fed up. there is so much knowledge here and capability here that the rest of the world has not cut up yet because here, we speak machine. outside, people don't speak machine and have biases against it without understanding it. that imbalance is a problem. emily: you are coming out with a book called how to speak machine. what do you mean by that? john: here, everyone understands how code works. i call this like spanish 4 level competency. people usually don't speak spanish of computation. they don't code. they cannot actually speak machine. how to speak machine is like spanish 1 to understanding the cloud. emily: last time we had you

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." hour, up in the next salesforce's biggest deal to date. salesforce agrees to buy tableau software in an all stock deal valued at more than $15 billion. plus, president trump signals he wants to investigate the big tech "monopoly." we will speak to a former top u.s. antitrust official about the state of play. and amazon unveiled a secure credit card, but should the tech giant be building its footprint in financial services? first to our top story. the recent wave of antitrust scrutiny by the u.s. government is not stopping salesforce from gobbling up the competition. salesforce has agreed to buy tableau software for more than $15 billion. seattle-based tableau helps customers turn raw data into easily understandable dashboards and charts. the move will give salesforce even more way to help customers analyze data. the all stock deal is salesforce's biggest acquisition to date and means they have now 60 companies in the last two decades. tableau shares jumping 30%. theirice of premium to

♪ emily: hello, i'm emily chang in san francisco and this is "bloomberg technology." may day. stocks have their worst monthly performance so far this year. u.s. stocks posting their biggest weekly slide since december. plus, retaliation. china will establish a list of "unreliable foreign companies" they say hurts chinese firms. and uber/lyft still holding ground in the big apple. first, to our top story -- u.s. markets posted a dramatic slide today as global trade has spooked investors. the worst weekly losses the end of last year while treasuries rallied for the fourth year as the trump administration's trade spats are on multiple fronts. and the s&p had its worst month of the year. we want to bring in michael regan from new york. a lot of different things going on. where did we see the bloodshed? >> the bloodshed was widespread. nine of the 11 main sectors in the s&p 500 were down. it really stems from the surprise announcement of potential tariffs on mexico. no surprise that the president is ratcheting up the immigration rhetoric with mexico. but the u.s.-mexico-canada have

emily: i'm emily chang. coming up, after it's rocky --iew its home turf. we've got the details on a potential second public listing. and facebook shareholders pressed for more checks on ceo mark zuckerberg's power. we will bring you highlights from his annual investor meeting. first, to the top story, uber, the biggest ipo of the year, has had a bumpy start to public life. investors remain concerned about the size of the ride-hailing market, the reality of self-driving cars, and taking on another risky asset amid a worsening u.s.-china trade dispute. the ride-hailer gave insights into its growth, reporting first-quarter results thursday. dan ives, managing director for wedbush securities and bloomberg intelligence's mandeep singh joined me shortly after they came out. dan: right now for investors, the focus is on growth, take rates, and bookings. the last thing you want to do is back yourself into a corner, talking about profitability lovers. it's going to take a few years. right now, they're doing the right things. i view this as a step in the right direc

♪ emily: i'm emily chang and this is "the best of bloomberg technology." debut, cougary reports first earnings results. is the giant on a path to profitability? and alibaba is considering a megadeal that will bring the company closer to investors. we have a detail on a potential second listing. and facebook shareholders pressed for more checks on zuckerberg's power. we bring you highlights from the annual investor meeting. uber has had a bumpy start to public life. investors are concerned about the size of the market, the reality of self driving cars, and taking on another risky asset. the ride-hailer gave insights into growth reporting first-quarter results thursday. joined with guests shortly after it came out. >> right now, the focus is on growth and bookings the last thing -- and bookings. last thing you want to do just back yourself into a corner. is just back yourself into a corner. it has been a shaky start since the idea -- the ipo. emily: what is your take on this continued level of losses? the ceo said it will be an investment here, they will con

emily: welcome back to the "best of bloomberg technology." i'm emily chang. google announced it is set to buy looker $2.6 billion expanding its offering to help customers manage data in the cloud. the deal is google's biggest since the smart home company acquired for $2 billion back in 2014. we have all the details. >> i am not sure if i would call this a big acquisition in terms of google's size. $2.6 billion is a lot of money, but when you're talking but the cloud world where we have seen acquisitions like github in the last seven to eight months, this is pretty small. there was a lot of pressure on google to do something to expand its size, at least from the analyst community and investor community. we can debate whether google cares what they have to say, but this acquisition was not as big as a lot of people were hoping for or expecting. as you explained in the intro, this is an incremental change. it is a product that a lot of google cloud customers are already using and they will be able to sell them together. emily: we were just looking at graphics sh

emily: i'm emily chang in san francisco and this is "bloomberg technology." shots have been fired between the u.s. and china in the global trade war. the tech sector caught in the crossfire. who is going to win and lose? "anbook is putting together almost supreme court." we will take you inside the group that makes decisions. is the latest bitcoin bump here to stay or just another bubble? the clock is ticking on president trump's next round of china tariffs. a proposed new wave of tariffs set to go into effect as early as next month end half of those $300 million of targeted goods are tech related. a new article details how china's tech industry is mostly insulated but there is one area where it is still dependent, very dependent. the semiconductor chip. chinahe last decade-plus, has seen a surge of semiconductor import. we have bloomberg tech's ian king, who covers the chip industry and the co-offer of the -- the co-author of the fermented article. and we have brad stone. ian: a satiric parts like broadcom's switch chip, more common parts like an intel micro

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." big tech in the firing line of the u.s. government. couldet, facebook, apple be set to face antitrust probes. from the key takeaways conference. visits britain this week, could the two sides find common ground when it comes to while way. first, shares of amazon, alphabet, apple, and facebook tumbled as they could be the target of antitrust probes. the department of justice is weighing an investigation into potentially anticompetitive practices. they potentially also have jurisdiction over an apple probe. they could look into whether facebook harms competition. nearly half of ad revenue in the united states and amazon makes up 9%. amazon does not dominate the ad market but makes up to -- but makes up nearly half of the market. with us, assistant attorney general from new york state. also, bloomberg tech's brad stone. it sounds like a lot but none of this means any of these branches of government are actually investigating, just that they are now sharing responsibility. brad: that's rig

emily: in emily chang in san francisco and this is bloomberg technology. coming up in the next hour, washington discusses antitrust with big tech but big tech is ready. plus, the administration reveals new possible timetables for tariffs on mexico. what could slow down the global trade war? and if you are being inundated with robo calls every day, help could be on the way thanks to a new initiative from the fcc. but can scammers fill find a way to get through? first, our top story. big tech is mounting its defense against u.s. antitrust scrutiny. have been spending big on lobbying and continue to staff they are in-house legal teams with numerous antitrust lawyers who served in the government. in the first quarter of this year, amazon, google, netflix, and facebook spent a combined billion dollars. david, is there a sense that that these companies saw what was happening in europe and started to prepare years ago? david: you definitely get a sense talking to people in washington, lawyers and their policy shops, that something like this was almost inevitable.

♪ emily: i'm emily chang in san francisco, and this is "bloomberg technology." under report, the u.s. justice department is close to approving the sprint-t-mobile merger despite early hurdles in the way of a deal. what are the chances the $26 billion transaction goes through? u.s. government agencies prepare for antitrust investigations, who will come out on top? ipoc for the buying spree during chewing dot-coms first day of buying has really been seen since the 2008 crisis. the u.s. justice department is nearing approval of t-mobile's $26 billion merger with sprint. this is according to "the new york times." a group of states sued to block the deal claiming pressure on the justice department. our reporter joins us from new york, what do we know? reporter: the doj has been continuing negotiations with sprint and t-mobile about how to approve the deal. sprint and t-mobile have promised to do vest a number of assets that include the prepaid phones. also some spectrum assets to the sec. they are working with the doj to potentially offload some other assets. they ha

♪ emily: i'm emily chang in san francisco and this is bloomberg technology. coming up, a popular messaging software spikes in its first day as a public company. plus, trade war woes. apple makes simply to the white house, saying new tariffs will hurt its contribution to the u.s. economy. lawmakers in washington to take action. we will hear from the senator who spoke out first. workplace messenger slack soaring in its trading debut. after forgoing the traditional ipo, the company's shares opened at $38.50, 48% above. point, climbed as high as $22 a share, more than double the last valuation on the private markets. it makes it one of the most viable companies to hit the markets this year, but will it be able to avoid the slump of uber, both trading below? is a couple correspondence. jason horowitz is an investor in -- and stephen, you were at microsoft for more than two decades, which is a slack competitor. can slack fend off the big guys? >> well, can microsoft fend off slack? right now, the way the industry leaders have talked about slack, it's generally view

i'll pass. ♪ emily: welcome back to the "best of bloomberg technology." i am emily chang. ripple announced a partnership with global payments provider moneygram which will let ripple serve as a payment of foreign exchange option for moneygram users. the ceo of ripple joined us. >> it is a big step for ripple and a bigger step for the overall industry. there has been excitement around blockchain and digital assets and what crypto can mean for the industry and the recent players like facebook are diving in. we have not seen much beyond experimentation and at ripple we are the market leader because we have matured aggressively and are solving real problems for real customers. moneygram is a manifestation of that and the second-largest global remittance company. we have a big impact with one customer and one partner. emily: western union has tested ripple to use for its network but said it is more expensive. is moneygram saving money by using ripple? >> western union said -- they have been around for decades and they said in our beta time, when the product had not launched, th

emily: i am emily chang in san francisco and this is "bloomberg technology." coming up, slack prepares to hit the public market, expected to get a valuation near $17 billion. the latest on the imminent direct listing. target on big tex. protesters descend on the google shareholder meeting. executives, pay for and asking the question, where is larry? sandberg speaks. the facebook coo weighing in on the cryptocurrency. first, to our top story. slack is hitting the public markets with a direct listing on thursday. we are waiting to see what the reference price will be. we could get that at any moment. will the software maker find itself in the beyond meat camp with a sizzling debut, or will it be more like a sizzle like uber and lyft? to discuss, i want to bring in a partner at venture partners. before that she was the head of product growth that slack. under her watch slack grew from half a million to almost 6 million. and, a new column out on slack. i will start with you. as a former head of growth, you have a beloved product, but revenue growth is slowing down

emily: i'm emily chang and this is "best of bloomberg: technology." we bring you all of our top interviews from this week. apple's top supplier is coming up with a contingency plan to move out of china if the trade war continues. will other tech firms follow? shares soar on the first day of trading, we hear from this security firm crowdstrike's ceo. , congress is challenging the industry. we hear from a top lawmaker who does not think big is necessarily bad. first, to our top story. apple has a backup plan if the trade war continues to escalate. manufacturing partner says they can make all iphones bound for the u.s. outside of china if necessary. our tech editor joined us with the details. >> this is an executive who was talking to investors and other people in taiwan. our reporter in asia was there to listen. this is more of a plan. they did not ask foxconn to do this yet, but they are saying they are very capable of doing it. it has raised a lot of questions. we spoke to an analyst and he was saying that if you are talking about final assembly, whic

emily: is the u.s. government making the right call on huawei, given the importance of the future of 5g? >> i think incredibly well said, that when we look at 5g, it is the combination of industry and automation and when you think of all the different ways that we could be looking at the information coming in, it is aliens and trillions amounts of information, whether that is facial recognition, artificial intelligence, just the sheer amount of data, you will have to have a harder look at the cybersecurity -- cyber activity and threats occurring. emily: let's talk about 5g in general and where, if not huawei, the market will be concentrated. what are the companies that will be running the 5g networks? whose equipment will be embedded in these networks around the world? >> that is a great question and somewhat misunderstood. there are three and to end hardware infrastructure providers. they can do and to end. we have a bunch of device manufacturers and all sorts of other players. chips that go in our u.s

emily: i'm emily chang in san francisco. this is "bloomberg technology." coming up in the next hour, the ongoing trade dispute is taking a toll on broadcom. they report big sales, misses, and cuts in full-year revenue. alibaba is setting its sights on hong kong. fake out. politicians are speaking out. deep fake videos flood social media. will congress finally take action? first, shares of broadcom are tumbling after the chip-maker cut its full-year revenue outlook. the outlook will be $22 billion in 2019, missing even the lowest analyst estimates. they also reported revenues that missed projections as the china-u.s. trade war continues. almost half of its revenue was linked to china last year with huawei accounting for 3.5% of sales, is also a major supplier of chips to apple. they said "we currently see a slowdown in the demand environment, which we believe is driven by continued geopolitical uncertainties as well as the effects of export restrictions on one of our largest customers." joining us to discuss this is ian king with me here on set. how much do

emily: why? it it is hard to get someone to talk about the e-cigarette industry let alone invest in it. why do you think this is in opportunity? catherine: i think it is. pitch all of them about how this industry is an of them were allowed to invest because of this clause. and then i saw it was this whole market overlooked. it was a great opportunity to create community around vice and vehicle to invest in it. emily: how much money can you make? they are recession proof. what is the business? catherine: we are the first to check in, we hold until they sell to a private equity fund, consumer retailer consolation, anyone. mark invested in your fund. i wonder how hard it was to raise a fund from traditional investors? catherine: it was extremely difficult. i called emailed over 550 people. emailed over 550 people. we are going after a market everyone has ignored to date we whenet in there valuations are low. emily: san francisco isn't ignoring the e-cigarette market, they just banned them. we are wa

♪ emily: i'm emily chang and this is the "best of bloomberg technology" whoever you bring you all of our top interviews. slack makes its public debut but not by the usual path. out with sheryl sandberg response to the controversy in facebook two years of bad news. first, the top story, slack makes its public debut but not by the usual path. slack makes its public debut the at a direct listing on the new york stock exchange, opening 48% above its reference price. valuing the software messenger at more than $20 billion, a big increase from the last private valuation. they raised money at a 7.1 billion dollar valuation. i caught up with slack right before shares began trading. >> at this point it has been working exactly the way it is supposed to work and ultimately, we will open and have a high and low. the same thing will happen tomorrow and we are very much focused on the long-term. emily: you are still paying large fees to bankers. you raise a lot of money. so what problem are you really solving by doing a direct listing versus a traditional ipo? >> the first is there is no need to

♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." salesforce agrees to buy tableau software in an all stock deal valued at more than $15 billion. signals hedent trump wants to investigate the big tech "monopoly. " we will speak to a former official about the state of play. beat should a tech giant building its footprint in -- giant be building its footprint in financial services? buysforce has agreed to tableau software for more than $15 billion. seattle-based tableau helps customers turn raw data into charts. salesforceck deal is 's biggest acquisition to date and means they have now bought almost 60 companies in the last decade. 30%.au shares jumping joining us from new york, a senior analyst at bernstein who onrently has an outperform tableau. tableau was your topic for 2019. what is your take on the deal? >> i think it is a great deal. tableau has been moving upmarket. they have always had the best r&d and products. what they had lacked until a couple of years ago was an enterprise salesforce. largealesforce's very opportunity fo

♪ emily: i'm emily chang, and this is the "best of bloomberg technology," where we bring you all our top interviews from this week in tech. coming up, after its rocky debut, uber reports its first earning results as a public company. is the ride-hailing giant really on a path to profitability? plus, alibaba is considering a megadeal that will bring china's largest company to investors on its home turf. we've got the details on a potential second public listing. and facebook shareholders pressed for more checks on ceo mark zuckerberg's power. we will bring you highlights from his annual investor meeting. first, to the top story, uber, the biggest ipo of the year, has had a bumpy start to public life. investors remain concerned about the size of the ride-hailing market, the reality of self-driving cars, and taking on another risky asset amid a worsening u.s.-china trade dispute. the ride-hailer gave insights into its growth, reporting first-quarter results thursday. dan ives, managing director for wedbush securities and bloomberg intelligence's mandeep singh joined me shortly after the