of the end for mike lynch, who was then fired by meg whitman. taylor: talk to me more about the dysfunction between the executives and the board. i believe i read they had unanimously approved the deal, but then of course under the papers a little bit, you read about more skirmishes that were happening. how dysfunctional was this board at the time? nico: hp's board was infamously dysfunctional around this time. this is a board that have fired carly fiorina years before, then fired mark hurd over an expense issue. this was a board that, from ,eporting that i have done really was interested in seeing hp be this big supermarket of a tech company in which it could own any type of asset and sell it to its customers, so there was great interest particularly during the former hp ceo's tenure for hp to be this ibm-like business that could sell software, but then, when it turned out that this was a bad deal, and autonomy was a paper tiger, that's when the infighting began. and the question became, you know, how can we spread this blame? and of course whi

taylor: any backlash from meg whitman today? >> none that i can say. i think whitman at this point has earned her reputation for better and worse, but right now, she's focused on running a new micro entertainment competitor to netflix. taylor: that does it for this edition of "bloomberg technology." remember, we are live streaming on twitter. be sure to all of our breaking news network at tictoc twitter. this is bloomberg. ♪ paul: welcome to "daybreak australia." we're counting down to asia's major market opens. paul: here are the top stories we are covering in the next hour. wall street climbs on speculation mexico tariffs will be avoided. oil is in a bear market is u.s. stockpiles rise the most in 80 years. movesat/renault merger closth

emily: the new streaming service from jeffrey katzenberg and meg whitman is not launching until 2020 but already raking in ad dollars with short form streaming service has already hit $100 million in ad revenue. meg whitman sat down with caroline hyde to talk about what is really in the new sponsors. >> a mobile only platform with hollywood quality content married with a fantastic tech platform that allows video to be viewed on mobile in a whole new way. they are excited about the fact that it is targeted to at an obvious and a brand safe environment because nothing gets there that we do not say gets there, targeted to the millennial audience on the go during these lean in moments. they think it is a unique opportunity and that is how we announced today we have six of the most iconic innovative brands as our launch partners. >> giving you $100 million already, you want $150 million from advertisers and this is the subscription level. how will the business model be divided between the two? >> one offer is $4.99 per month plus ads, and $7.99 per month without ads. about 75% of our cust

for hb and ebay ceo meg whitman taking her expertise to hollywood as the ceo of quibby. founded by jeffrey katzenberg, it will be mobile only subscription april -- in april next year. promising hbo quality episodes under 10 minutes. they have already raised $10 billion from alibaba and studios like disney, sony, lions gate and they plan to raise another half-million dollars soon. i asked her about the biggest challenges. >> first to explain what we are doing and attract talent. it was, we don't know what it is. we don't know how it will work. talent.arder to attract now we have our own space, it is more accepted and understood. the second was we have done things differently from hollywood how they normally do them, deals and making content. it is a different cadence, so we have been able to get that done. it was harder. 2020, it ise said like a lifetime from now. meg: we are the first streaming service where you don't buy a library where you can't take an hour show and chop it into six 10 minute segments. it has to be written and shocked for mobile and -- shot for mobile

ban and stay tuned for interview with jeffrey katzenberg and meg whitman live from cannes lions we'll take another look here at the futures. coming off the best day in two weeks. fed decision and just a matter of hours don't go away. [leaf blower] you should be mad at leaf blowers. [beep] you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. >>> the ceo of huawei speaking exclusively to cnbc and downplaying the impact of the white house's ban on the company. despite expecting $30 billion less in revenue for the year he says huawei's business is still strong in china. deirdre bosa talks to him. >> translator: maybe even more they can't for all these years, american suppliers have contributed to huawei. if we do not buy from them when we can, that will be a blame on our conscience but however we are no

ceo meg whitman speaking with caroline hyde. coming up, are you packing your suitcase? it is one of the busiest times of year for the travel industry. and markettrade war volatility impacting summer plans? our ceo with mark -- conversation with mark okerstrom is coming up next. later, sheryl sandberg speaks out. our conversation with her covering all the hot topics. sheryl: we are calling for regulation. not just saying we will deal with it reluctantly, but we are calling for it. we don't just want to be at the table, we want to be of knowledge and that companies like ours shouldn't make as many decisions as we do. we know that. ♪ ♪ emily: last week we learned that airbnb is expanding its expedia -- experience business and doubling down on tourism. seek tort -- they broaden revenue growth in advance of an ipo likely next year. are trying players to be a one-stop shop for vacation needs. how are traditional travel sites trying to compete? we are joined by expedia ceo, mark okerstrom. you might not like the use of the word traditional. mark: what's up with that? we ar

emily: that was quibi ceo meg whitman. coming up, facebook is building its own so-called supreme court for content moderation. but will that solve all its problems? we'll discuss facebook's plan for an oversight board, next. and a reminder, the boston pops fire spectacular is the country's largest and oldest fourth of july event. here is a taste of what to expect. [bombastic orchestral music] >> best day of the year! ♪ >> 3,2, -- [music crescendos] [applause] emily: do not miss the boston pops fireworks spectacular, only -- live july 4 at 8:00 p.m. eastern time, only on bloomberg television. ♪ emily: facebook is looking to create a new content oversight board. the social media giant is hosting a series of simulations across the globe as it plans an independent board to review controversial content moderation decisions. the board will provide a final ruling on posts that have been appealed or may have been removed in error. continue toanies criticize their control of global speech. zuckerberg has mentioned the idea for

emily: the new streaming service from jeffrey katzenberg and meg whitman is not launching until 2020 but already raking in ad dollars with short form streaming service has already hit $100 million in ad revenue. meg whitman sat down with caroline hyde to talk about what is really in the new sponsors. >> a mobile only platform with hollywood quality content married with a fantastic tech platform that allows video to be viewed on mobile in a whole new way. they are excited about the fact that it is targeted to at an obvious and a brand safe environment because nothing gets there that we do not say gets there, targeted to the millennial audience on the go during these lean in moments. they think it is a unique opportunity and that is how we announced today we have six of the most iconic innovative brands as our launch partners. >> giving you $100 million already, you want $150 million from advertisers and this is the subscription level. how will the business model be divided between the two? >> one offer is $4.99 per month plus ads, and $7.99 per month without ads. about 75% of our cust

the new streaming service from jeffrey katzenberg and meg whitman is not launching until 2020 but already coming -- raking in ad dollars with short form streaming service is already hit $100 million in ad revenue and meg whitman sat down with caroline hyde to talk about what is really in the new sponsors. >> a mobile only platform with hollywood quality content married with a fantastic tech platform that allows video to be viewed on mobile in a whole new way. they are excited about the fact that it is targeted to at an obvious and a brand safe environment because nothing gets there that we do not say gets there, targeted to the millennial audience on the go during these lean in moments. they think it is a unique opportunity and that is how we announced today we have six of the most iconic innovative brands as our launch partners. >> giving you $100 million want 150 nine dollars from advertisers and this is the subscription level. how will the business model be divided between the two? >> one offer is for 90 -- $4.99 per month plus ads and $7.99 per month without as. about 75% of our custo

up next, we go live to cannes where caroline hyde sits down with meg whitman. live from new york, this is bloomberg. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass. david: this is "balance of power" on bloomberg television. for first word news, we go now to mark crumpton. emma: the trump administration has completed one of its biggest rollbacks. mark: the environmental protection agency has replaced a landmark obama era effort that sought to wean the electric power grade off of coal-fired power plants. the new rule gives

former hewlett packard had meg whitman was accused of trashing the reputation of autonomy founder mike lynch without understanding what had been committed. she clashed with his attorney during a second day of testimony at the $5 billion trial. lynch was fired before the money was uncovered. and an american supply-chain drying up huawei. the chinese tech giant has hired thousands to develop around-the-clock to [indiscernible] added huawei to a blacklist of companies that block it from buying american software and components. that is your business flash update. romain, amain, -- half in u.k.,der, joining the british team as a skateboarder. it is making skateboarding and olympic results. [speaking simultaneously] joe: i was only impressed when i thought she would -- [speaking simultaneously] romaine: probably still make her one of the youngest competitors. i wonder what is the youngest ever. joe: they have snowboarding in the summer olympics, the winter. caroline: they are adding surfing. romaine: this is to bring in a general younger of a graphic. bumpsne: we will see who it. rising to t

as i said, caroline will be joining meg whitman later on to speak to the issue she is just referring to and what that will mean. that is coming up on "balance of power." taylor: time for our stock of the hour. exalted coding system is headed for its best day since october 2017. this is after the company said it is beginning a strategic review that could include a potential sale. kailey leinz is here with more. kailey: it is backed by warren buffett berkshire hathaway. was theirle exited it biggest return in 20 years. the company strategic review conducted by independent board members is including looking at their capital allocation and the headline is that potential sale. been i for a takeover in the past. streets optimism on the but there is skepticism how much the company could be work. highgh as $49, mid to 30's, nomura says mid 30's and they do not think a deal is likely. taylor: that is a big range. $20 or $40 a share. battle the charts is up next. this is bloomberg. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fan

meg whitman is second. she has a networth of $3.8 billion and a close third is mar yan illich with a networth of $3.7 billion. listed at $222 million. reality star kylie jenner also made that list at 21. she is the youngest self-made billionaire to ever be included. also on the list oprah winfrey with a networth of $2.5 billion. >> and pop star rihanna has been named the richest female musician in the world. the majority of her fortune comes with a partnership from a french luxury goods fashion line such ior and louis vaton. >> it's their shoe contract for $200 million. >> all right. well thanks for making ktvu your choice this noon. thanks for joining us. have a great day. >> enjoy everybody. have you heard of the new for the 510 and 341 area codes? no, what is it? starting june 22, 2019, if you have a 510 or 341 number, you'll need to dial 1 plus the area code plus the phone number for all calls. o.k., but what if i have a 510 number and i'm calling a 510 number? you'll still need plus the phone number& s

whitman coming up. >>> before that, the one big thing -- that's two. the one big thing that could give you sticker shock at the store and it has to do with all the rain around america. look at that chart you know what that is? >>> first, will jay powell cut interest rates today if he doesn't, key be cut loose? umana rdwe ais stuck beten trp d ha place >>> good morning 5:48 if you're just joining us, here's your top headlines. huawei's ceo and founder punching back. he says the u.s. won't hurt much in a rare interview with cnbc, the huawei chief says a projected $30 billion hit to his company's bottom line over the blacklist is a small thing >>> make america great again, so 2016 president trump officially kicking off his reelection bid last night hitting on familiar themes like immigration and investigations, and he's rolling out a new slogan, keep america great, k.a.g >>> things continue to heat up in the middle east a missile fired in iraq landing in basra near the headquarters of several major oil companies two people were wounded. there was no claim

meg whitman is the former head of ebay and currently the ceo of a video startup is second with a net worth of 3.8 billion. a close third is the cofounder of little caesars pizza with a net worth of $3.7 billion. reality star kylie jenner also made the list at 21, she is the youngest self-made billionaire to ever be included. also on the list oprah winfrey with a net worth of 2.5 million alien and serena williams who is the first athlete to be included and the stars net worth is listed at $200.2 million. >>> coming up here klay thompson back on the courts today. everyone was asking about this hamstring injury and the possibility of whether or not be ready to go for game three of the nba finals tomorrow night against the raptors. he will have the latest on his status and also kevin durant status and come on loony status, that is coming up next in sports. >>> here as to where to watch ktvu plus on your tv. >>> an injury update but the warriors play tomorrow night here at home. >> it'll be nice to have a game to talk about right? we are just doing medical reports. >> i know. >> that is p

whitman tell. i don't like that surprises me that oprah wasn't in the top 5. but there was little still the most awesome rail. you talk about the different things that they're giving to says serena setting up this foundation that what oprah does and it's amazing and. >>what kylie does shop near one that's most in interesting to me is a farce a salacious yes whitney wolfe hurt, okay, she's founder of bumble but she was also one of the founders of one's first employs a tender. >>and she left tender after a very very bad breakup with one of the founders you kind of see how that been for a long relationships. i think that's the whole idea of the lives of a saturn know anything about this >>your friends use them, i got are all right so what's going on with apple because i'm going to are you said they're shutting down i have i tunes yes. what i was going to wait. >>i tunes that on our way into the new operating system is going to take it away, i'm kind of sad about this because i tunes was a big moment i

whitman who at the time was running ebay. you guys came to her and said let us be your payment system and her response as she told me was - you think the big banks and the big payment guys like visa are ever going to let you step on their air hose? and yet, you did. >> that's another fine example of competition. these guys a chance and we did a better and paypal is now a successful company. liz: what about the fact that visa has now tried to enter his market? i believe they want to do never to have financial institutions process or cross-border paymen payments. >> that's a very refreshing news, in a sense. it shows that even an elephant can't dance. [laughter] i think what they're saying is locked in conversation is an interesting sideshow and we can do better. the correspondent making transfer system where ex- parties to move monkey money across borders they say we have a network we can do this better and cheaper and by the way, this whole block chain we can do better than that. they're using technology into it. it's a great

jeffrey katzenberg meg whitman. those are a handful of the ones. you can catch all the interviews all week long right here on cnbc must-see for the digital advertising and marketing industry these days. >>> time for this morning's top trending stories frank holland is here with some of those chaos factory. i need to know the context for why tim cook said it. >> well, we'll give it to you right now. we'll start trending with a little graduation ceremony commencement speech. apple ceo tim cook blasting big tech speaking at stanford's commencement ceremony over the weekend. take a listen. >> it feels crazy anyone should have to say this, but if you built a chaos factory, you can't dodge responsibility for the chaos. >> cook didn't mention any tech companies by name, but he emphasized the need for privacy, saying that data breaches and privacy violations threaten freedom. again, didn't mention any companies by name, but it is widely believed he was referencing google and facebook. the companiy has jabbed those companies before. >> this is not the first