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MARK: LET'S BEGIN WITH A CHECK
OF YOUR FIRST WORD NEWS.
FORMER PRESIDENT BILL CLINTON
SAYS THE WORK AT THE CLINTON
FOUNDATION SHOULD CONTINUE IF
HILLARY CLINTON WINS IN
NOVEMBER.
AND HIS STATEMENT -- HE SAID HE
WILL STEP DOWN FROM THE BOARD OF
THE CLINTON HEALTH AXIS
INITIATIVE.
DONALD TRUMP SAID THE CLINTON
SHOULD SHUT DOWN THERE TERRIBLE
FOUNDATION "IMMEDIATELY." MR.
TRUMP -- PROMISED TO BE FAIR BUT
FIRM TOWARD THE ESTIMATED 11
MILLION ILLEGAL GOVERNMENT --
IMMIGRANTS.
HE SAID HE IS NOT PUFFING ON HIS
EARLIER HARDLINE POSITION WHICH
INCLUDED CALLS FOR CONSTRUCTION
OF A WALL ALONG THE U.S.-MEXICAN
BORDER.
A FEDERAL JUDGE IN TEXAS HAS
WALKED THE OBAMA ADMINISTRATION
ORDER REQUIRING PUBLIC SCHOOLS
TO LET TRANSGENDER STUDENTS USE
BATHROOMS AND LOCKER ROOMS
CONSISTENT WITH THEIR CHOSEN
GENDER IDENTITY.
THE RULING APPLIES NATIONWIDE
THROUGH THE JUDGE SAID FEDERAL
OFFICIALS FAILED TO FOLLOW RULES
REQUIRING AN OPPORTUNITY FOR
COMMENT BEFORE SUCH DIRECTIVES
ARE ISSUED.
GERMAN CHANCELLOR ANGELA MERKEL,
FRANCE HOLLAND AND MATTEO RENZI
PROMISED TO INCREASE JOINT
EUROPEAN SECURITY EFFORTS IN THE
WAKE OF TERROR ATTACKS.
APREME LEADERS SPOKE ABOARD
AIRCRAFT CARRIER.
CRUMPTON, THIS IS
BLOOMBERG.
BLOOMBERG WEST DOES NEXT.
-- IS NEXT.

>> THIS IS BLOOMBERG WEST.
COMING UP TO MY TECH TAKES
CHARGE.
WHY THE SECTOR IS EXERTING MORE
CONTROL IN U.S. MARKETS THAN AT
ANY OTHER TIME SINCE THE.COM
BUBBLE.
THIS IS GOING E-COMMERCE START
UP BEHIND THE GREAT WALL.
TOY CUT A DEAL WITH ALIBABA
GIVE AMAZON A RUN FOR THEIR
MONEY.
AND CHINA'S BIG PLANS FOR THE
ADVERTISING AID.
LATEST TO BES THE
SNAPPED UP BY CHINESE INVESTORS.
THE CEO JOINS US LATER THIS
HOUR.
FIRST, TO THE LEAD.
TECH STOCKS EXERTING MORE
CONTROL OVER U.S. MARKETS THAN
IN ANY OTHER TIME SINCE THE
INTERNET BUBBLE.
THE LARGEST TECH STOCKS, WE'RE
TALKING MICROSOFT, ALPHABET,
THIS SPLIT, AMAZON, SEEING
MASSIVE MULTIYEAR RALLIES.
THAT IS CLOSEST TO ITS WIDEST
EVER.
WE HAVE MORE.
BREAK IT DOWN WITH ME.
ABOUT 21%.TING TO BE
WHEN YOU LOOK AT THE MAGNITUDE
IN TERMS OF HOW MUCH THE
PERCENTAGE CHANGES, IT IS
RELATIVE TO THE REST OF THE
MARKET.
IT IS PICKING UP A BIGGER SLICE
SO YOU ARE LOOKING AT 21%.
YOU CAN SEE THAT IN THE WHITE
LINE WITH THE INFOTECH.
OBVIOUSLY THE BIGGEST ONE RIGHT
NOW.
COMPARE THAT TO SOMETHING LIKE
FINANCIALS, IT HAS BEEN FLAT FOR
THAT GROUP THROUGHOUT THIS
RECOVERY.
THE TECH STOCKS HAVE LED THE
WAY.
IT HAS BEEN A BIT OF A
TURNAROUND IN THE EARNINGS
REPORTS, WHERE TECH HAS BEEN
LEADING SO YOU ARE LOOKING AT
20%, 14 OR 15 FOR THE
FINANCIALS.
THOSE ARE TYPICALLY THE BIGGEST
GROUPS.
YOU CAN SEE HOW THIS COMPARES.
THIS LEVEL WE ARE AT FOUR TECH
IS A BIT HIGHER THAN IT HAS
BEEN.
NOTHING QUITE COMPARED TO WHERE
WE WERE IN 2000.
I WANT TO BRING UP ANOTHER CHART
HERE THAT IS INTERESTING.
LOOKING AT THE SALE STORY.
THERE IS -- THIS IS A FUNCTION
OF MARKET CAP.
CAP IS SHARES IN PRICE.
AT THE SAME TIME YOU HAVE TO
THINK ABOUT WHAT IS GOING ON
WITH THEM OF ITS BIG LEADERS.
,MAZON, FACEBOOK, GOOGLE
MICROSOFT.
SOME OF THE COMPANIES THAT HAVE
BEEN LEADING THE CHARGE IN TERMS
OF THAT MARKET CAP EXPANSION.
THIS SHOWS THE DIVERSIONS THAT
HAS SHOWN.
VALUATIONS ARE HIGH BUT PART OF
THE SOBRIETY OF THIS RALLY HAS
BEEN THE FACT THAT THERE ARE
ANDL PRETTY LOW VALUATIONS
SOME OF THESE BIG COMPANIES.
THE YOU LOOK AT MICROSOFT,
GOOGLE, THEY ARE GETTING BACK TO
TOIOS DOWN TO IT AS CLOSER
ZERO.
YOU HAVE AN S&P AVERAGE OF ABOUT
THREE.
THERE IS NOT QUITE THE SAME
EXUBERANCE.
MAYBE THAT IS WHY INVESTORS ARE
THAT HE THIS RALLY AND NOT TOO
CONCERNED.
A LOT OF PEOPLE GOT CAUGHT
IN THE.COM BUBBLE.
>> THIS IS BASICALLY THE STORY
IN ONE SIMPLE CHART.
WHAT WAS GOING BACK
IN 2000, 1999.
THE TOP PANEL HERE IS THE TECH
SECTOR IN THE WHITE.
THE PRICE TO EARNINGS IN THE
PAST 12 MONTHS VERSUS THE S&P
AND BLUE.
THIS IS PRETTY AMAZING.
THE SPREAD IS AT THE BOTTOM.
--K AT HOW HIGH TECH STOCKS
WERE VALUED.
NOT EVEN COME TO WHAT WE HAD
TODAY.
IN THE TECHTO 21 PE
AS WELL AS THE S&P.
THINGS ARE BLOWN OUT OF
PROPORTION.
IT ACCURATE TO THOUSAND, YOU
HAVE TECH STOCKS TRADING 80
TIMES 12 MONTH EARNINGS AND IT
WAS BUILDING, HARD TO KNOW WHEN
YOU HIT THAT TOP THAT WE WILL --
YOU'VE SEE THAT FLAT LINE,
BASICALLY THE SAME AND I HAVE
ONE MUST CHART THAT IS SHOWING
THE SAME PRINCIPLE.
THIS IS LOOKING AT THOSE
EARNINGS SO BOILING IT DOWN A
LITTLE MORE ACUTELY WHEN YOU
LOOK AT PROFITS.
THIS SPEAKS TO THE IDEA THAT
RINGS ARE PRETTY HIGHLY VALUED
IN SOME AREAS OF TECH MARKET BUT
NOTHING INCREDIBLE ESPECIALLY
WHEN YOU THINK ABOUT WHETHER OR
NOT EARNINGS CAN PROVIDE A
BACKSTOP.
THE BLUE LINE ASSURING YOU THAT
EPS THIS ISS GROWTH
WHAT WE HAVE BEEN FOLLOWING THE
LAST YEAR.
WE HAVE NOT GONE ANYWHERE BUT
TECH IS STILL UP, UP 25% SINCE
THE START OF THE BULL MARKET.
OP GIVESNINGS BACKDR
PEOPLE ENCOURAGEMENT AND WHETHER
THINGS ARE BLOWN OUT OF
PROPORTION.
THE NASDAQ AND THE S&P
TECH SECTOR HAVE BEEN UP 23%.
SOME AMAZING NUMBERS THERE.
TURNING OUT TO ASIA.
ALIBABA HAS BEEN ADDING SOCIAL
FEATURES TO ITS MOBILE APP TO
ATTRACT YOUNGER CUSTOMERS AND
GET THEM TO STAND THE APP LONGER
AND ENTICE THEM TO SPEND MORE
MONEY.
THAT STRATEGY MAY BE PAYING OFF.
AND MOBILEERS JUMPED
REVENUE IS UP TO TWO AND $6
BILLION IN THE JUNE QUARTER.
PEOPLE ARE VISITING THE APP MORE
THAN SEVEN TIMES A DAY SPENDING
OVER 25 MINUTES IN TOTAL.
COMPARE THAT TO NINE MINUTES ON
AMAZON'S MOBILE APP OR 16
MINUTES ON TWITTER.
SOME INTERESTING STUFF HERE.
HOW WERE THEY ABLE TO DO THIS?
CELINE: THEY STARTED WITH A
SIMPLE APP BUT IT HAS EVOLVED
INTO SOMETHING MUCH DIFFERENT
FROM WHAT WE THINK OF AS TYPICAL
AS E-COMMERCE.
AMAZON'S STATS ARE MUCH LOWER.
YOUNG BASEHIS VERY
OF USERS AND TO HOOK THEM AND
THEY NEED TO ADD ALL THE SOCIAL
FEATURES.
A CONJOINT ONE OF OVER 1000
SPECIAL INTEREST GROUPS, YOU CAN
WATCH LIVE FEED FROM YOUR
FAVORITE BLOG OR TESTING OUT
YOUR FAVORITE MAKEUP OR READ
YOUR FAVORITE NEWS FEED.
THAT IS WHAT KEEPS THEM COMING
BACK FOR MORE.
RENY: IT SEEMS LIKE THE NUMBERS
ARE NOT PLAYING OUT ON THAT JUST
YET.
DEFINITELY AN ENVY.
WHAT IS THE DISCONNECT IN TERMS
OF THE COMPANIES?
CELINE: FACEBOOK HAS TRIED TO
GET PEOPLE TO SHOP AND INSIGHT,
THEY HAVE ADDED THE BUY BUTTON.
AND THING WITH TWITTER
INTEREST AND AMAZON HAS NOT MADE
ANY MAJOR INROADS INTO SOCIAL
NETWORK.
THERE IS A HOST OF REASONS WHY
THERE ARE THESE DIFFERENCES BUT
THE MAIN ONE IS CHINA HAS HIS
ENORMOUS BASE THAT IS GROWING
AND THEY ARE USED TO THE
EXTREMELY CRAMPED INTERFACES.
TO A TYPICAL WESTERN SMARTPHONE
USER IT WOULD BE OVERWHELMING.
SO BECAUSE OF THAT THE CHINESE
ECOSYSTEM THESE COMPANIES HAVE
AN ABLE TO PUT EVERYTHING
ALTOGETHER, YOU CAN LOOK AT
REACH OUT, SOCIAL MESSAGE, BOOK
A TAXI, GET A HAIRCUT.
HARD TOWHY IT HAS BEEN
CHANGE THE HABITS OF THE U.S.
CONSUMER?
THEY WANT TO PUT
EVERYTHING UP AGAINST THE WALL
TO SEE WHAT STICKS IT IS HELPING
THERE.
I DO WANT TO BRING UP A QUOTE
COFOUNDERAD FROM THE
OF ALIBABA TALKING ABOUT HIS
COMPARISON WITH FACEBOOK.
HE SAID ON FACEBOOK YOU ARE
THEYDING YOUR FRIENDS BUT
START WITH STRANGERS AND USE
DATA TO FIND A COMMONALITY OF
INTEREST AND CREATE A COMMUNITY.
DO YOU THINK IN THE WEST THAT
THAT COULD MAKE TRACTION?
THENE: HE IS SAYING
E-COMMERCE SITE HAS ALL THESE
DATA POINTS.
THEY ARE ABLE TO GROUP PEOPLE
INTO WHAT YOU BUY, WHAT YOU
LIKE, CREEPY.
THAT IS WHY THERE ARE THESE
FORCING SPECIAL INTEREST GROUPS
FROM FISHING OR WEDDING PLANNING
OR BABY PLANNING.
IN THE U.S. AMAZON, THEY HAVE
NOT REALLY TRY TO DO THIS.
THEY SAID THEY WOULD HAVE TO
CHANGE HABITS.
I AM USED TO GOING TO FACEBOOK
TO TALKING TO MY FRIENDS AND
GOING TO AMAZON TO WHY THINGS
AND GOING TO TWITTER TO LOOK AT
NEWS AND TWEETS.
IT IS HARD TO CHANGE HABITS AND
IT WILL TAKE MORE YEARS TO BE
COMFORTABLE SOCIAL NETWORKING
AND ON OTHER TYPES OF APPS.
THAT THEY HAVE
INVESTED IN SNAPCHAT.
HE DOES NOT WANT FOLKS TO KNOW
THAT.
THERE IS ANOTHER ROAD HERE.
HE SAYS WE DO WANT TO LEARN AND
UNDERSTAND HOW SNAPCHAT IS
ENGAGING WITH YOUNG USERS.
WE ARE INTRIGUED BY THE PRODUCT
AND IMPRESSED WITH EVAN STEELE,
THE FOUNDER AND WE WANT TO BE
PARTNERS WAS -- WITH HIM.
WHY DOES HE NOT WANT PEOPLE TO
KNOW?
>> THEY DO NOT WANT TO COMMENT.
THEY KNOW THE U.S. MEDIA, WE ARE
ALL OVER THIS.
ALIBABA AND SEPTET, TELL US
EVERYTHING.
THEY DO NOT WANT PEOPLE
SPECULATING.
ALIBABA IS A SUPER LONG-TERM
ORIENTED STRATEGY.
MOST OF WHAT HE SAID WAS OFF THE
RECORD BUT WHAT I CAN SAY IS
THEY REALLY ARE LOOKING TO SEE
WHAT SEPTET IS DOING, HOW THEY
ARE ABLE TO HOOK IN ALL OF THESE
YOUNG USERS IN THE U.S. AND
FIVE, 1015, EVEN 20 YEARS
DOWN THE LINE ALL OF THIS
KNOWLEDGE THEY ARE GAINING FROM
THE U.S. INVESTMENTS ARE GOING
TO PAY OFF WHEN IT COMES FULL
FORCE IN THE U.S..
>> THANK YOU.
NOW TO TODAY'S REVOLVING DOOR IN
TECH.
TABLEAU HAS A NEW CEO.
COFOUNDER.THE
HE COMES FROM THE CLOUD
COMPUTING DIVISION OF AMAZON.
5% BUTSPARKED -- SPIKED
IT IS A SMALL RECOVERY FOR THE
EMBATTLED STOCK.
IT HAD 42% THROUGH MONDAY'S
CLOSE.
TABLEAU IS TRYING TO TRANSITION
ITS SOFTWARE TOOLS TO A
CLOUD-BASED SUBSTITUTION MODEL
AND IS GRAPPLING WITH SLOWING
SALES GROWTH.
COMING UP, ASIA'S INTERNET
GIANTS MAY BE SCRABBLING TO
DIVERSIFY BUT J.D..COM'S LASER
FOCUSED ON RETAIL.
WE WILL TALK STRATEGY WITH THE
CTO OF CHINA'S SECOND-BIGGEST
E-COMMERCE COMPANY NEXT.
INDIA'S BIGGEST E-COMMERCE
STARTUP IS HEATING UP NOT IN A
GOOD WAY.
WE WILL FOCUS ON THE INTERNAL
T LATER THISLIP CAR
HOUR.
THIS IS BLOOMBERG.

>> ONE STORY WE ARE WATCHING.
REGULARS SAY THERE IS A HUGE
DIFFERENCE IN THE VALUE IT
PLACES ON ITS INTELLECTUAL
PROPERTY DEPENDING ON WHETHER IT
IS IN EUROPE OR THE UNITED
STATES.
IN EUROPE AMAZON CLAIMS THE I.T.
BEHIND ITS WENT SHOPPING
PLATFORM IS IMMENSELY VALUABLE.
IT DOES THIS TO JUSTIFY THE
BILLIONS OF DOLLARS IN TAX-FREE
REVENUE IT HAS COLLECTED SINCE
MOVING ITS AFFECT -- ASSETS TO
LUXEMBOURG.
AUTHORITIES ON BOTH SIDES OF THE
ATLANTIC ARE ASKING QUESTIONS
WITH THE VIRUS TELLING AMAZON IT
OWES $1.5 BILLION IN BACK TAXES.
AMAZON MAINTAINS IT IS FOLLOWING
THE LAW AND HAS SUED IN
RESPONSE.
WE ARE EXPECTING A DECISION THIS
FALL.
CHINA IS ONE OF THE HOTTEST
MARKETS IN THE WORLD FOR
E-COMMERCE.
SHOPPING VOLUME
MADE DOUBLE TO MORE THAN $1
TRILLION BY 2018.
ONE COMPANY POISED TO CAPITALIZE
ON THAT IS J.D..COM.
THIS IS CHINA'S ECONOMIC IS
E-COMMERCE OPERATOR BEHIND
ALIBABA.
THE COMPANY STRUCK A MAJOR DEAL
WITH WALMART AGREEING TO BUY ITS
WALLS ARE -- IT'S WEBSITE.
JOINING US NOW FROM SAN
FRANCISCO TO DISCUSS HOW THE
FINCHES -- COMPANY IS
POSITIONING ITSELF IS THE CHIEF
TECHNOLOGY OFFICER.
COREING ON ITS
RETAIL, WE WERE TALKING ABOUT
ALIBABA MOVING INTO THE CLOUD
AND SOCIAL AND ENTERTAINMENT.
DO YOU SEE ANY CHANGE SIMILAR TO
ALIBABA IN THE NEAR OR MIDTERM
FUTURE?
>> FIRST, THANK YOU FOR HAVING
ME.
HAVE [INDISCERNIBLE]
THE LARGEST SOCIAL MEDIA COMPANY
IN CHINA.
USERS00 MILLION CHINESE
USE IT EVERY DAY.
SPENT ANDIR TIME ARE
THE E-COMMERCE PLATFORM WILL
INTEGRATE RIGHT IN.
JD ACCOUNT.NEED A
YOU CAN PURCHASE A PRODUCT AND
THAT WILL PAY.
USERS WERE
[INDISCERNIBLE]
>> LET'S TALK ABOUT STRATEGY IN
COM RELATIVE TO
OTHER COMPETITORS.
WHAT MAKES YOUR STRATEGY BETTER
QUESTION MARK IF I WERE AN
INVESTOR WHY WOULD I WANT TO
INVEST IN YOUR COMPANY VERSUS
OTHERING ELSE WHEN
COMPANIES ARE EXPANDING INTO
OTHER AREAS?
GUEST: WE HAVE THE LARGEST
ONLINE [INDISCERNIBLE]
IN CHINA.
WE HAVE 234 WAREHOUSES ACROSS
CHINA AND OVER 6700 DELIVERY
STATIONS.
WE PROVIDE THE SAME DAY
ALL MAJOR CITIES
IN CHINA INCLUDING SECOND DAY
DELIVERIES.
85% OF ORDERS LAST YEAR OR
DELIVERED WITHIN THE SAME DAY OR
THE SECOND DAY DELIVERIES.
THIS IS A TREMENDOUS SPEED AND
SERVICE IS TREMENDOUS ASSET FOR
US AND ALSO WE ARE
[INDISCERNIBLE]
CONCERN.N AREA OF
IS A SHIFT IN
CHINESE CONSUMERS IS MOVING AWAY
FROM PRICE BEING THE PRIMARY
CONSIDERATION WHEN GOING ONLINE
SHOPPING.
AND AUTHENTICITY AND SERVICE
BECAME MORE IMPORTANT TODAY.
WE TALKED ABOUT J
JD.COM SEE IN
TERMS OF THAT DEAL?
>> WE ARE COLLABORATING AND
CONTINUING TO BUILD THE BRAND IN
THE BUSINESS.
WE WERE LAUNCHING A
[INDISCERNIBLE]
JD.COM.
WE ARE PURSUING ONLINE TO
OFF-LINE INITIATIVES AND WE WILL
[INDISCERNIBLE]
TO IMPROVE OUR PRODUCT
SELECTIONS FOR OUR USERS FROM
CHINA.
COMPANY CONSIDERING
ANY OTHER KINDS OF PARTNERSHIPS
OR SIMILAR DEALS THERE?
ARE ALWAYS LOOKING AT
HOW TO SERVICE OUR CUSTOMERS
BETTER.
LEVERAGING EACH OTHER SUPPLY
CHAINS WILL BE IMPORTANT TO
IMPROVE PRODUCT SELECTIONS.
5% STAKEART GETS A
BECAUSE THAT DEAL.
WHAT IS THE BENEFIT FOR WALMART
HERE?
CHEN: WALMART IS PARTICIPATING
-COMMERCE IN CHINA.
AS THIS WE ARE ALWAYS LOOKING AT
INNOVATING AND ADAPTING TO
EVER-CHANGING USER NEEDS.
IS THE STRENGTH OF A LOCAL
COMPANY.
AND WALMART CAN PARTICIPATE IN
THAT FAST-GROWING SECTOR.
ITSUST EARLIER TODAY FOR
CANNOT WITH AN ARTICLE WITH THE
-- IINE, SAYING THAT
WANTED TO GET YOUR THOUGHTS ON
THAT.
ANDENT HAD BOUGHT SHARES
TODAY IT IS MORE THAN 21%.
JD.COM WOULD BE
OPEN TO A TAKE OVER THERE?
>> TENCENT ALWAYS SEE THE VALUE
OF JD, HAS CONFIDENCE IN JD.
TO EXECUTE AND DELIVER THE
HEIGHT QUALITY CUSTOMER SERVICE.
WE HAVE ALWAYS HAD A STRONG
PARTNERSHIP WITH CONSENT AND WE
BELIEVE IT IS A WIN-WIN FOR BOTH
COMPANIES.
>> LET'S TALK ABOUT THE FUTURE
OF E-COMMERCE.
WE ARE TALKING ABOUT AMAZON WITH
THEIR DRONES BUYING UP THEIR OWN
PLANES TO GET THEIR PRODUCTS
ACROSS THE COUNTRY AND AROUND
THE WORLD.
WHAT IS YOUR FORECAST FOR
ANY THE IN THE DRONE
REGION TO?
>> YES.
MOST OF THEODAY
PARTICIPATION IS NOT
ANDICIPATING IN E-COMMERCE
CHINA.
THE COST IS FIVE TO SIX MORE
TIMES -- TIMES MORE EXPENSIVE
THAN CITIES.
OUR WE'RE DOING IS USING
DRONES TO DELIVER THE PRODUCT
AND PACKAGES TO THE VILLAGERS
-- WE HAVEE HAVE
OVER 100,000 CHINESE VILLAGES
AND FROM THERE THE CUSTOMER CAN
OR THEIRHE GOODS
REPRESENTATIVES CANDIDATE OR THE
GOODS FROM THERE.
WE ARE NOT GOING TO DELIVER THE
PACKAGE TO INDIVIDUAL CUSTOMERS.
WE HAD A PILOT PROGRAM IN PLACE
TO DELIVER PACKAGES TO WILL
CUSTOMERS.
INTEND TOIAN TERM WE
RELY THIS PROGRAM TO MORE AREAS
IN CHINA.
WILL LEAVE IT THERE.
THANK YOU FOR YOUR TIME.
STILL TO COME, WE WILL CONTINUE
WITH ASIA'S FAST-CHANGING
E-COMMERCE LANDSCAPE AND DIG
INTO THE SERIOUS GOING PAINS --
GROWING PAINS AT FLIPCART.
THE CITY IS GEARING UP TO BE THE
TESTING GROUND FOR A FLEET OF
SELF DRIVING UBERS.
THIS IS BLOOMBERG.

>> THE RALLY IN CHIP STOCK IS
TAKING ON HISTORIC DIMENSIONS.
UP 20% FOLLOWING THE EIGHTH
STRAIGHT WEEKLY GAME.
IF THAT RALLY CONTINUES IT WOULD
BE THE LONGEST SUCH STREAK SINCE
1995 CREATE ALL THIS IS THE
BROADER MARKET REMAINS FLAT AREA
THIS RALLY IS A SIGN OF
ECONOMIC STRENGTH SOMEWHERE TO
THE GROWTH OF RAILROAD STOCKS
ABOUT A CENTURY AGO.
THAT HAS BODED WELL FOR FUTURE
STOCK MARKET PERFORMANCE.
AND SHARES CLIMBING TO THE
HIGHEST US YEAR AFTER JAPAN'S
ELECTRONICS -- THE
TALKS MAY NOT END IN A DEAL.
IT IS LOOKING OVERSEAS FOR R&D
ACQUISITIONS.
COMING UP.
SELLING ITSELF TO A GROUP OF
CHINESE INVESTORS WERE $900
MILLION.
WE WILL HEAR FROM THE CEO AND
FOUNDING -- FOUNDER OF
MEDIA.NET.
YOU CAN NOW LISTEN ON THE
BLOOMBERG RADIO APP AND ON
SIRIUS XM.
THIS IS BLOOMBERG.

MARK: YOU ARE WATCHING
"BLOOMBERG WEST."
CONGRESSIONAL REPUBLICANS HAVE
ISSUED SUBPOENAS TO THREE
TECHNOLOGY COMPANIES WHO EITHER
MADE OR PERFORMED MAINTENANCE ON
THE PRIVATE E-MAIL SERVER THAT
HILLARY CLINTON USED WHILE
SECRETARY OF STATE.
THE GOP HAS BEEN STEPPING UP
ATTACKS ON MRS. CLINTON'S
HANDLING OF SENSITIVE
INFORMATION THAT FLOATED THROUGH
THE SERVER IN THE BASEMENT OF
HER HOME IN UPSTATE NEW YORK.
HEARING INILL HOLD A
SEPTEMBER OF THE OBAMA
ADMINISTRATION'S DELIVERY TO
$400 MILLION OF CASH TO IRAN.
THE ADMINISTRATION ADMITTED THE
MONEY WAS CONNECTED TO A
PRISONER EXCHANGE.
THE WHITE HOUSE DENIES THE MONEY
WAS "RANSOM."
PRESIDENT ERDOGAN IS
CRITICIZING THE DELAY IN
EXTRADITING A CLERIC ACCUSED OF
MASTERMINDING THE MILITARY COUP.
PRESIDENT ERDOGAN SAYS IT IS
JEOPARDIZING THE COUNTRY'S
STRATEGIC PARTNERSHIP.
HE PLANS TO DISCUSS THE
SITUATION WITH VICE PRESIDENT
BIDEN IN TURKEY ON THURSDAY.
THE U.S. SAYS IT NEEDS EVIDENCE
THAT GULAN DID SOMETHING
CRIMINAL.
IF THE U.K. DRASTICALLY LOWERS
TAXES BEFORE LEAVING THE
EUROPEAN UNION, IT COULD MAKE
BREXIT TALKS MORE DIFFICULT.
PHILIP HAMMOND WOULD LIKE TO
RESET FISCAL POLICY THROUGH TAX
CUT AND OTHER MEASURES.
I AM MARK CRUMPTON.
IT IS 6:30 IN SYDNEY.
I AM JOINED BY PAUL ALLEN WITH A
LOOK AT THE MARKETS.
GOOD MORNING.
PAUL: GOOD MORNING.
TRADING IS ALREADY UNDERWAY IN
NEW ZEALAND, UNDERWAY FOR 30
MINUTES.
INDEXES ARE LOOKING GOOD.
WE ARE SEEING SOME WEAKNESS FOR
AREEI FUTURES, AND WE
EXPECTING A FLAT START ON THE
ASX.
WE SAW OIL DOWN OVERNIGHT.
FOR A CASE STUDY OF WHAT THE
DO, LOOK NOCES
FURTHER THAN MALAYSIA, THEIR
STATE OIL COMPANY REPORTING
PROFIT DOWN 96%.
HERE IN AUSTRALIA, OIL
SEARCH IS REPORTING LOW AS WELL.
THIS IS AFTER COMMENTS FROM
RESERVE BANK GOVERNOR GRAHAM
WHEELER, SAYING RAPID CUTS ARE
NOT JUSTIFIED.
I AM PAUL ALLEN IN SYDNEY
AUSTRALIA.

RAMY: THIS IS "BLOOMBERG WEST."
A GROUP OF CHINESE INVESTORS
SAYS IT WILL PAY $900 MILLION
FOR MEDIA.NET.
THE COMPANY PROVIDES TECHNOLOGY
, AND IT MAY NOT BE
AS CUT AND DRY AS IT FIRST
SEEMED.
THE FIRST AGREE TO SELL IN A
MOVE THAT CLOSELY RESEMBLES A
PRIVATE MERGER THAT BYPASSES THE
FORMALITIES OF AN INITIAL PUBLIC
OFFERING.
JOINING US TO TALK ABOUT THE
DEAL IS FOUNDER, DIV TURAKHIA.
FIRST QUESTION -- OF ALL THE
COMPANIES IN THE WORLD, WHY DID
YOU DECIDE TO SELL IT TO A
CHINESE ONE?
>> FIRSTLY, THANK YOU FOR HAVING
ME.
EXCITING JOURNEY IT HAS
BEEN FOR US.
THIS PROCESS GOT STARTED AROUND
THE END OF 2015.
WE GOT INTEREST FROM A U.S.
LISTED COMPANY.
WE HAD BEEN BUILDING THIS
COMPANY SEVERAL YEARS.
WE STARTED IN 2010.
WE DECIDED TO HIRE BANKERS.
IN THE PROCESS, WE GOT
INCREDIBLE AMOUNTS OF INTEREST,
SEVEN BIDDERS IN THE FINAL ROUND
OF THE PROCESS.
DECIDED THIS ONE MADE THE
MOST SENSE FOR US.
THEY HAD THE RIGHT COMBINATION
THAT WE WERE LOOKING FOR.
RAMY: WHAT WAS THAT RIGHT
COMBINATION?
WHAT WERE YOU SPECIFICALLY
LOOKING FOR?
>> WE WERE NOT LOOKING IN THE
FIRST PLACE, RIGHT?
WE WANTED TO CONTINUE BUILDING
THIS BUSINESS.
WITH THIS PARTICULAR OPPORTUNITY
, WE GOT THE OPPORTUNITY TO KEEP
GROWING THE BUSINESS, THE
ABILITY TO GET UPSIDE IN VARIOUS
DIFFERENT STRUCTURES THAT WE CAN
WORK OUT WITH THE CONSORTIUM.
WE GET ACCESS TO ADDITIONAL
MARKET THAT WE WOULD NEVER HAVE
GOTTEN ACCESS TO.
IT IS THE WORLD'S SECOND-LARGEST
ADVERTISING MARKET.
THIS YEAR, IT WILL BE A $40
BILLION PLUS MARKET.
NEXT YEAR, IT IS EXPECTED TO
GROW TO $50 BILLION PLUS.
MEDIA.NET'S REVENUE COMES ALMOST
ENTIRELY FROM THE U.S.
A SMALL PERCENTAGE COMES FROM
CANADA, THE U.K., AND THE REST
OF THE WORLD.
WE THOUGHT THIS WOULD BE GREAT
FOR THE COMPANY.
LOCAL PARTNERGHT
IN A COUNTRY LIKE CHINA, THERE
IS ABSOLUTELY NO WAY YOU COULD
ABSOLUTELY SCALE WITHOUT LOCAL
RELATIONSHIPS.
LOCAL RELATIONSHIPS WILL ALLOW
US TO LEVERAGE OUR TECHNOLOGY
AND GROW IN A LARGE MARKET.
AT THE SAME TIME, LESS
COMPETITIVE THAN THE U.S..
RAMY: THE DEAL WAS STRUCTURED A
BIT UNUSUALLY, SOMEWHAT SAY.
OTHERS WOULD SAY A LITTLE MORE
BLUNTLY.
IT LOOKS LIKE A REVERSE MERGER.
I WANT TO GIVE YOU THE
OPPORTUNITY TO COMMENT.
WHAT DO YOU SAY TO FOLKS WHO SAY
IT IS A REVERSE MERGER?
>> IN A REVERSE MERGER, WE WOULD
GET STOCK OFF THE PUBLIC
ENTITIES.
THAT IS NOT WHAT IS HAPPENING.
THERE IS A REASON THIS
TRANSACTION IS STRUCTURED THIS
WAY.
WE WANT TO TRANSFER TO A GLOBAL
AND SCALABLE BUSINESS.
THEY HAVE THE PLAN AND THE
FUNDING LIVE -- LINED UP.
BUT IT IS A TIME-CONSUMING
PROCESS.
IF YOU ARE IN A COMPETITIVE
BIDDING PROCESS AND HAVE TO GO
THROUGH A TIME-CONSUMING
REGULATORY PROCESS, THERE IS A
GOOD CHANCE YOU WILL NOT MAKE
IT.
THIS WAS A COMPETITIVE PROCESS.
THE ONLY WAY WE COULD HAVE DONE
THIS WAS THIS PARTICULAR
STRUCTURE WHERE THEY START A
CONSORTIUM, GET FUNDING INTO
THAT CONSORTIUM BY MEDIA.NET
ENTIRELY, AND ONCE WE GET THE
REGULATORY TOOLS IN CHINA, IT
WILL BECOME PART OF MCDONOUGH.
BASICALLY, IN A REVERSE
MORTGAGE, YOU HAVE THE PRIVATE
COMPANY GETTING SHARES OF A
PUBLIC COMPANY.
MADE AAST YEAR, CHINA
CALL FOR MORE INVESTMENT INTO
THE AD TECH SPACE.
SOME SEE IT AS POTENTIALLY
SAYING, WE NEED HELP.
HOWYOU WALK US THROUGH --
FAR BEHIND IS CHINA COMPARED TO
THE UNITED STATES?
>> THAT HAPPENED FOR A COUPLE
REASONS.
AS A GLOBALTISING
BUSINESS IS A MASSIVE BUSINESS.
EVEN AT THAT SIZE, YOU WOULD
NEED -- $200 BILLION THIS YEAR
AND GROWING.
IN CHINA, IT IS GROWING FASTER
THAN THE OTHER MARKETS.
HAS NATURAL HURDLES THAT
EXIST TO ENTER THE MARKET,
ESPECIALLY FOR FOREIGN
COUNTRIES.
IT IS LESS SOPHISTICATED.
IT IS BEHIND THE U.S..
IT WILL BE A YEAR OR TWO BEHIND
THE U.S., MAYBE MORE.
AT THE SAME TIME, IT HAS A
UNIQUE SET OF CHALLENGES.
THE CHINA MANDATE MAY NOT JUST
BE TO GROW WITHIN CHINA, WHICH
IS OBVIOUSLY GREAT.
LONG-TERM ISANDATE
YOU WILL SEE AN INCREASE IN
OUTBOUND INVESTMENTS FOR
COMPANIES THAT ARE GLOBAL, THAT
HAVE SCALE, A REAL BUSINESS
MODEL THAT WILL BE LONG-TERM
SUSTAINABLE.
THAT IS WHAT MCDONAGH AND
CHAIRMAN ZHANG WANT TO DO.
THE GOAL IS TO NOT ONLY ADD
CHINA AS A MARKET BUT DOUBLE
DOWN ON U.S. AND EUROPEAN
CHALLENGES.
RAMY: YOU ARE AN ENTREPRENEUR.
WHAT IS NEXT?
>> MY PLAN IS TO CONTINUE WITH
THESE GUYS.
THAT WAS ONE OF THE PRIMARY
REASONS WHEN WE HAD SEVERAL
OPTIONS -- THREE OPTIONS FROM
THE U.S., EUROPE, AND CHINA.
20%.IGHEST BID WAS ABOUT
THE HIGHEST U.S. BID WAS FROM A
WELL-KNOWN PE FUND.
FUNDS WOULD WANT TO DISCOUNT
THE VALUE BECAUSE THEY NEED TO
MAKE UPSIDE ON THEIR EXIT.
FROM A VALUE STANDPOINT, WE
THOUGHT WE WERE AT THE SAME
POINT.
THE PRIMARY DIFFERENTIATOR WAS
ALL THESE DIFFERENT VALUE ADDS
IN BEING ABLE TO ACCESS
ADDITIONAL MARKETS, GET ACCESS
CHINA,EDIBLE TALENT IN
BE ABLE TO ACCESS THE CAPITAL
MARKET, AND LOOK AT DEALS OF
VARIOUS SIZES.
-- WE THE NEXT FEW YEARS,
HAVE COMPLETED OUR FIRST PHASE.
WE HAVE HAD A GREAT JOURNEY IN
THIS FIRST PHASE.
AS WE ENTER THE SECOND PHASE OF
GROWTH, WE EXPECT TO MULTIPLY
THE BUSINESS FROM WHERE IT IS
TODAY.
I WANT TO BE A PART OF THAT.
I AM GOING TO BE A PART OF THAT.
SO IS MY MANAGEMENT TEAM.
WE ARE GOING TO GET LOTS OF
AUTONOMY.
RAMY: MEDIA.NET FOUNDER AND CEO,
DIV TURAKHIA.
ONE OF CHINA'S MOST POPULAR
SELFIE APP MAKERS IS PLANNING A
PUBLIC A VIEW.
IT AIMS TO RAISE $100 BILLION IN
A LISTING ON THE HONG KONG STOCK
EXCHANGE SOMETIME IN THE FOURTH
QUARTER THIS YEAR.
THAT IS ACCORDING TO SOURCING BY
THE WALL STREET JOURNAL.
IN APRIL, MEITU WAS SEEKING
VALUATION ON THE PRIVATE MARKET
OF $3 BILLION.
HAD 270IME, THE APP
MILLION MONTHLY ACTIVE USERS.
COMING UP, WE WILL FOCUS ON
FLIPKART AS A DOWNTURN IN
FUNDING HITS THE E-COMMERCE
GIANT ESPECIALLY HARD.
THIS IS BLOOMBERG.

RAMY: FLIPKART IS FEELING THE
HEAT.
REGULAR TOWN HALL WAS
TENSE ON FRIDAY AFTER EMPLOYEES
BETRAYAL.NAGEMENT OF
SACHIN BANSAL SAID THE JOB CUTS
STEMMED FROM POOR PERFORMANCE
AND HE LOST HIS POSITION FOR THE
SAME REASON.
THE PRESSURE IS ON FROM AMAZON.
JOINING US FROM TOKYO IS PETER L
STREMME -- ELSTROM.
TO WHAT DEGREE DOES FLIPKART'S
PROBLEM SHOWCASE THE GENERAL
PROBLEMS IN TECH IN INDIA?
>> THIS IS A VERY DRAMATIC
MEETING, AS YOU MENTIONED.
FLIPKART HAS GATHERINGS WITH
EMPLOYEES ONCE A MONTH.
IN THIS PARTICULAR ONE, IT GREW
QUITE TENSE BECAUSE EMPLOYEES
WERE UPSET THAT MANY COLLEAGUES
HAVE LOST THEIR JOBS.
THEY HAD COME TO THE COMPANY
HOPING THEY WERE ON A GROWTH
TRAJECTORY.
FRANK WITHAL WAS
THEM ABOUT HOW THEY MISSED
PERFORMANCE TARGETS AND NEEDED
TO DO BETTER.
THE REASON HE LOST HIS CEO JOB
WAS BECAUSE OF PERFORMANCE
TARGETS.
HE IS STILL CHAIRMAN, BUT THAT
WAS A FRANK ADMISSION THAT DREW
APPLAUSE FROM EMPLOYEES.
RAMY: TO WHAT DEGREE IS IT AN
ISSUE OF FUNDING?
FUNDING IS DRYING UP THERE.
>> IT IS A BROADER ISSUE.
THERE ARE TWO THINGS GOING ON IN
INDIA.
THERE WAS A BOOM IN INVESTMENT
CAPITAL IN 2014.
OFF ARE SEEING THAT TAPER
QUITE A BIT.
IT IS SQUEEZING THE STARTUP
SECTOR MORE BROADLY.
THE CHALLENGES FOR FLIPKART ARE
MORE INTENSE BECAUSE OF THE
TARGETING OF AMAZON INTO THE
INDIA MARKET.
AMAZON HAS SAID IT WILL SPEND
BILLIONS OF DOLLARS HIRING
EMPLOYEES.
IT IS MARKETING AGGRESSIVELY IN
THE MARKET.
IT WANTS TO TAKE A BIG SLICE OF
E-COMMERCE MARKET IN INDIA.
THAT PUTS PRESSURE ON FLIPKART.
THEY WHAT WOULD
SPECIFICALLY NEED TO DO IN ORDER
TO TAKE ADVANTAGE OF FLIPKART
TURNING OVER?
>> WELL, THE MARKET IS GROWING
VERY QUICKLY IN AMAZON.
IS RETAIL MARKET IN INDIA
QUITE FRACTURED AT THIS POINT,
EVEN MORE THAN THE U.S..
YOU NEED TO BE ABLE TO NOT JUST
SELL GOODS RELIABLY AND GET THEM
TO CUSTOMERS RELIABLY.
YOU NEED THE INFRASTRUCTURE IN
PLACE TO CAPITALIZE ON THAT
GROWTH.
AMAZON HAS LOTS OF EXPERIENCE IN
THE U.S. AND HAS DONE REASONABLY
WELL IN OTHER MARKETS, BUT THIS
MARKET IS UNLIKE ANY OTHER THEY
HAVE COMPETED IN.
RAMY: HOW CAN FLIPKART MOUNT A
RESPONSE TO AMAZON?
CAN THEY?
>> FLIPKART HAS AN ADVANTAGE
HERE.
THEY ARE AHEAD AT THIS POINT.
THEY ALSO HAVE DOMESTIC
KNOWLEDGE THAT PROBABLY WORKS TO
THEIR ADVANTAGE IN TERMS OF
LANGUAGE, CUSTOMIZING APPS,
RECOMMENDATIONS MAKE A BIG
DIFFERENCE, TOO.
THEY HAVE A BIT OF A LEAD, BUT
THEY NEED TO CONTINUE TO
INNOVATE, EXPAND GEOGRAPHICALLY,
AND ADD MORE MERCHANTS TO STAY
AHEAD OF AMAZON.
RAMY: PETER, STAY RIGHT THERE.
I WANT TO GET YOUR TAKE ON
ANOTHER STORY, CHINA SMARTPHONE
MAKERS WITH THEIR SIGHTS SET ON
THE U.S.
DO THEY REALLY STAND A CHANCE?
SURE.OVIDE IS NOT SO
SHE JOINS US RIGHT HERE IN NEW
YORK.
WHAT IS THE TAKE AWAY FROM THAT
PIECE?
WE HAVE SEENAY IS
IN RECENT WEEKS A NUMBER OF
CHINESE HANDSET MAKERS SAYING
THEY'RE GOING AFTER THE U.S.
HUAWEI ARE GOING TO
GO AFTER THE U.S. WITH HIGH-END
SMARTPHONES.
THE BATTLE SHOULD BE REALLY
INTERESTING.
RAMY: THE INTERESTING PART IS IN
TERMS OF SPECS?
PRICING?
HOW CAN APPLE AND SAMSUNG DEFEND
THEMSELVES?
>> APPLE AND SAMSUNG IN THE U.S.
DIVY UP THE MARKET.
THEY HAVE OUTSIZED MARKET SHARE
COMPARED TO THE REST OF THE
WORLD.
THE THING THAT IS INTERESTING
HUAWEI ISMI AND
THEY ARE MAKING HIGH-END PHONES
FOR NOT HIGH-END PRICES.
PRICE WEN $800 TOPLINE
HAVE COME TO EXPECT FROM SAMSUNG
AND THE IPHONE.
BARRAWITH XIAOMI, HUGO
WAS ON BLOOMBERG RECENTLY
TALKING ABOUT THEIR STRONG
INTENT TO GET INTO PLAY.
I WANT TO GET INTO A LITTLE OF
THAT.
>> WE WILL LEAD WITH CHANNELS
THAT ALLOW US TO GET IN TOUCH
WITH A YOUNG GENERATION THAT IS
ENTHUSIASTIC ABOUT TECHNOLOGY.
DEFINITELY GOING TO MAKE OUR WAY
THERE.
RAMY: DO YOU THINK XIAOMI WILL
BE ABLE TO BREAK IN?
>> HUAWEI WILL HAVE A BETTER
CHANCE.
THEY HAVE INCREDIBLE EXPERTISE
IN TELECOM AND CHIPS WHICH HAS
ALLOWED THEM PRICING ADVANTAGE
WHICH XIAOMI DOES NOT HAVE.
INROADS, ITN MAKE
MIGHT BE THEM IN TERMS OF
CHINESE HANDSET MAKERS.
RAMY: PETER, I WANT TO BRING YOU
IN.
WHAT IS YOUR TAKE ON WHAT IS
HAPPENING WITH CHINESE AND U.S.
SMARTPHONE MAKERS IN TERMS OF
THEM TRYING TO GET IN THERE?
>> I THINK THE CHINESE
SMARTPHONE MAKERS ARE GOING TO
HAVE A HARD TIME IN THE U.S.
MARKET FOR A COUPLE OF DIFFERENT
REASONS.
ALL, YOU NEED OF
TO THINK ABOUT WHICH OF THESE
COMPANIES IS GOING TO BE ABLE TO
AGGRESSIVELY MOVING TO THE U.S.
XIAOMI IS USING A BUSINESS MODEL
THAT HAS HISTORICALLY NOT WORKED
IN THE U.S.
THEY ARE TRYING TO BYPASS
CARRIERS WITHOUT SUBSIDIES.
U.S. CONSUMERS LIKE TO GET THAT
SUBSIDY WHEN THEY SIGN UP FOR A
CONTRACT.
SELLING TO THEM DIRECTLY ONLINE
HAS BEEN TRIED IN THE PAST AND
IT NEVER WORKS.
IN TERMS OF HUAWEI, THEY HAVE
SOME TECHNOLOGY ADVANTAGES.
THEY JUMPED TO THE TOP OF THE
CHINESE SMARTPHONE MARKET
SERIOUS -- QUICKLY.
BUT THE NAME SETS OFF ALARM
BELLS IN THE U.S. FOR A VARIETY
OF REASONS, NOT ALL OF THEM
NECESSARILY WELL-FOUNDED.
U.S. CARRIERS ARE NOT GOING TO
SUPPORT HUAWEI COMING TO THE
U.S. AND A BIG WAY AND GIVE THEM
THE SUBSIDIES TO TAKE MARKET
SHARE.
WHEN YOU LOOK AT THE OTHER
PLAYERS IN CHINA, THOSE
COMPANIES DO NOT HAVE AMBITIONS
TO MOVE INTO THE U.S. MARKET.
HAVING SAID THAT, THE U.S.
MARKET IS TUMULTUOUS.
YOU HAVE SEEN TONS OF CHANGE.
APPLE AND SAMSUNG'S DOMINANCE IS
A BIT OF AN ANOMALY.
RAMY: I WANT TO GET YOUR
THOUGHTS ON CRITICISMS ABOUT
XIAOMI.
A LOT OF PEOPLE ARE SAYING IT IS
AN ALL-OUT COPYCAT OF APPLE.
DO YOU THINK THIS HAS ANY LEGS
TO IT?
D I.P.TORICALLY, XIAOMI HA
PROBLEMS GETTING STARTED IN
CHINA.
THEY DID NOT HAVE THE I.P. OTHER
COMPANIES HAD.
THAT HAS CHANGED.
THEY WENT TO MICROSOFT, WHICH
BOUGHT THE NOKIA SMARTPHONE
BUSINESS, AND THEY BOUGHT A TON
OF PATENTS FROM THEM.
THEY WILL BE ABLE TO DEFEND
THAT.
AT INDUSTRY GATHERINGS, YOU NEED
I.P. TO DEFEND THEMSELVES.
THEIR BUSINESS MODEL IS A
PROBLEM.
RAMY: ANY THOUGHTS OF THREATS OF
LAWSUITS IF THEY COME TO THE
U.S.?
>> IT WILL BE INTERESTING TO SEE
IF THERE WILL BE AN I.P. BATTLE.
WE HAVE SEEN THE SMARTPHONE WARS
ON THE PATENT FRONT COOL DOWN
FROM THE DAYS WHEN APPLE AND
SAMSUNG SEEM TO SUE EACH OTHER
EVERYDAY.
RAMY: THANK YOU VERY MUCH,
SHIRA, AND PETER.
UP, WHAT HAPPENS TO ONE
OF THE GREATEST BASKETBALL
PLAYERS OF ALL TIME AFTER HE
RETIRES?
ABOUT KOBEL YOU
BRYANT VENTURE CAPITALIST, NEXT.

NYANTEC HAD A BIG JULY
THANKS TO POKEMON GO.
THEY RECORDED MORE ACTIVE U.S.
USERS IN JULY THAN SNAPCHAT,
TWITTER, OR PINTREST.
IT REMAINS TO BE SEEN WHETHER
POKEMON GO CAN KEEP THESE USERS
ENGAGED LONG-TERM.
DATA SHOWS A DECLINE IN
ENGAGEMENT.
DAILY USERS HAVE BEEN IN A SLOW
DECLINE SINCE THEY PEAKED IN MID
JULY.
ANOTHER STORY WE ARE WATCHING.
THE WINNER OF
FIVE NBA CHAMPIONSHIPS.
HE IS ADDING SOMETHING ELSE TO
HIS RESUME -- VENTURE
CAPITALISTS.
BRYANT HAS LAUNCHED A FUND
CALLED BRYANT-STEVELE.
THEY TEAM UP TO CREATE A LOS
ANGELES-BASED FUND THAT WILL
FOCUS ON TECH, MEDIA, AND DATA
COMPANIES.
WE WILL SEE IF HE IS AS
SUCCESSFUL AT VENTURE CAPITAL AS
HE WAS A BASKETBALL.
WHO IS HAVING THE BEST THEY
EVER?
INSTAGRAM.
JOINED THE ONE
BILLION DOWNLOAD CLUB ON GOOGLE
PLAY.
MIND, THETO KEEP IN
DOWNLOAD COUNTER DOES NOT
DIFFERENTIATE BETWEEN UNIQUE
INSTALLATIONS, MEANING ONE USER
COULD BE RESPONSIBLE FOR
MULTIPLE DOWNLOADS.
WHENIS NOT AN EASY FEAT
YOU CONSIDER ANDROID ONLY HAD
1.4 BILLION USERS AS OF
SEPTEMBER 2015.
TOMORROW, DO NOT MISS OUR SUSU
INTERVIEW WITH THE COFOUNDERS OF
REDDIT.
THIS IS BLOOMBERG.


>> FROM OUR STUDIOS IN NEW YORK
CITY, THIS IS "CHARLIE ROSE."
CHARLIE: AMY SCHUMER IS HERE.
SHE IS A WRITER, ACTOR, AND
AUTHOR.
SHE PLACED TO SOLD OUT AUDIENCES
AROUND THE WORLD.
SHE WON COMEDY TOUR OF THE YEAR.
AMY: I SHOWED UP TO FILM THIS
MOVIE AND I WAS LIKE, I THINK
I'M A MODEL NOW.
I THINK A LOT OF GIRLS ARE LIKE
THIS.
WE HAVE A SNEAKING SUSPICION IN
THE BACK OF OUR HEADS.
MI, MAYBE, GORGEOUS?
[LAUGHTER]
I THINK I'M GORGEOUS.
RIGHT?
[APPLAUSE]
GORGEOUS, BUT I JUST HAVEN'T
STUMBLED ON THE RIGHT HERE DO --
HAIR DO.
ONE DAY I WILL CUT BANGS AND
EVERYONE WILL BE LIKE, DAMN, AND
I'M LIKE, TREAT ME THE SAME, YOU
GUYS.
[LAUGHTER]
I'M THE SAME PERSON.
AND THEY'RE LIKE, WE CAN'T,
WE'RE TOO HARD.
I'M LIKE, I GET IT.
BUT THEN MY STUNT DOUBLE WAS A
GUY.
[LAUGHTER]
JUST IN CASE YOU'VE NEVER BEEN
TO L.A., IT IS FILLED WITH THE
MOST BEAUTIFUL PEOPLE FROM ALL
OVER THE WORLD.
PICTURE THE MOST BEAUTIFUL GIRL
IN YOUR HIGH SCHOOL, THE ONE YOU
WANTED TO BE.
I'M TALKING TO THE GUYS RIGHT
NOW.
AND EVERYONE WAS LIKE, YOU ARE
TOO PRETTY FOR BUFFALO, GO TO
L.A.
EVERYONE IS HOT THERE.
EVERYBODY.
UP A PIZZA CLEANING
HUT BATHROOM THAT I WOULD HAVE
PAID THIS GUY TO -- ME.
PEOPLE DON'T EVEN SEE ME THERE.
IS THAT A FAT TUMBLEWEED?
-- MY ARMSE THERE
REGISTER AS LEGS THERE.
IS THAT AN OCTOPUS?
I DON'T UNDERSTAND.
AND MY LEGS ARE USED FOR
FIREWOOD.
[LAUGHTER]
AND THAT'S THE SECRET, I FOUND
OUT.
'S SECRET.LYWOOD
THEY DON'T PUT FOOD IN THEIR
FACES.
AND THAT'S NOT AN OPTION FOR ME.
I DON'T KNOW HOW IT WAS IN YOUR
HOUSE GROWING UP.
YOU WOULD EAT UNTIL YOU WERE IN
A LOT OF PAIN.
THEN YOU TAKE LIKE A LITTLE
BREATHER AND YOU GET YOURSELF
BACK AND EVEN MORE PAIN.
I WAS BORN WEIGHING 150.
I CAME OUT SWINGING.
PIZZA!
[APPLAUSE]
THAT'S HOW IT'S BEEN.
I'VEE NEVER IN MY LIFE --
NEVER SAID THIS SENTENCE.
I FORGOT TO HAVE LUNCH TODAY.
[LAUGHTER]
LIKE IHING, I WOULD BE
HAD TWO LEDGES TODAY.
CHARLIE: SHE HAS A HIT
TELEVISION SHOW CALLED "INSIDE
AMY SCHUMER."
THE SHOW IS SLATED FOR A FIFTH
SEASON, BUT NOT IN THE
FORESEEABLE FUTURE.
IT RECEIVED AN EMMY FOR
OUTSTANDING SKETCH SERIES AND A
CRITICS CHOICE AWARDS.
YOU ARE NOT NOTHING,
YOU ARE NOT OVERWEIGHT.
OK.
HOW DOES A WOMAN WHO DOES NOT
ON. HOW TO LEARN TO SEW GO
AND IF SO, WHAT COULD HER NAME
BE?
NAME BE LIKE -- OH!
THAT FLAG THAT WILL WAVE JUST
LIKE THIS.
TRYING TO PROVE A BETTER STATE
EXISTS.
THAT'S THE NEXT ONE.
>> THAT IS ACT I?
>> AS I JUST SAID, THAT IS ACT
I.
MORE TO IS LIKE
POP-CULTURE.
I'M SO FANCY.
I'D BETTER HAVE MY STAR.
IT'S A GETTING FLAG IN HERE SO
WAVE IT OFF, WAIVE IT OFF.
LAST YEAR, SHE WROTE
AND STARRED IN HER FIRST FILM
CALLED "TRAIN WRECK."
THAT FILM MADE MORE THAN $140
MILLION WORLDWIDE.
>> THIS IS MORE COMFORTABLE.
>> I WILL TELL YOU IF I CAN FEEL
IT.
SHE HAS WRITTEN HER
FIRST BOOK CALLED "THE GIRL WITH
THE LOWER BACK TATTOO."
LOUD FUNNY LAUGH OUT
WHEN SHE WANTED TO BE, BUT MORE
OFTEN IS SURPRISINGLY HONEST AND
RAW.
A SERIES OF ESSAYS THAT RANGE
FROM SUBJECT MATTER FROM BEING A
MEMBER OF NEW MONEY TO WHAT SHE
WANTS PEOPLE TO SAY AT HER
FUNERAL.
LIKE HER COMEDY IN HER LIFE, THE
BOOK RECEIVES HIGH PRAISE.
MAKES ME VERY
PLEASED TO HAVE AMY SCHUMER AT
THIS TABLE FOR THE FIRST TIME.
WELCOME.
IT'S ABOUT TIME.
AMY: I KNOW.
ALL THESE YEARS.
I REALLY WANTED TO MAKE YOU
WAIT.
CHARLIE: DID YOU REALLY?
WHY NOW, TO WRITE THIS BOOK?
IT IS REALLY REVEALING.
IT FORVE BEEN WORKING ON
FOUR OR FIVE YEARS, ACTUALLY.
OF SINCE I WAS 13.
I WROTE JOURNALS FROM AGE 13 TO
23 AND I KEPT A VERY DETAILED
LOG.
IN ANTICIPATION OF
BEING FAMOUS AND WANTING TO
WRITE A BOOK? AMY: JUST LIKE
EVERY OTHER KID, I READ THE
DIARY OF ANNE FRANK AND IT
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Why Tech Stocks Are Dominating U.S. Markets (Bloomberg West - 08/22/16)

471 Folder Collection
哈維 published on September 26, 2016
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