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this morning after news we first brought you but of course it boons confirmed by thecompany,siriusxmmaking a $480 million investment in pandora. the company is also selling the ticket fly division for about $200 million so $680 million coming in to pandora. it may need all of it of course to continue to fund the buildout of the subscription service. but the bigger picture here of course is the back and forth between pandora and sirius that's been going on and on for months. it was a few months ago that we first reported that pandora was finally open to entertaining takeover offers. it employed center view, the investment bank in to see if there were any offers out there. the most likely buyer all along had been sirius. but the stock price itself did not help. a year ago this time, they might have been able to sell it for 15 bucks a share to sirius, that was no longer the case. despite the presence of significant shareholders and activist shareholders such as corvex. they were unable to come anywhere near a price like that for the company. which again, has been struggling to a certai

this morning after news we first brought you but of course it boons confirmed by the company, sirius xm making a $480 million investment in pandora. the company is also selling the ticket fly division for about $200 million so $680 million coming in to pandora. it may need all of it of course to continue to fund the buildout of the subscription service. but the bigger picture here of course is the back and forth between pandora and sirius that's been going on and on for months. it was a few...

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. you can listen on the bloomberg app or bloomberg.com, oronsiriusxm.this is bloomberg. ♪ emily: in partnership news, microsoft and box are expanding their deal to reach more large, corporate customers with their file sharing and storage service. customers will now be able to store their data and microsoft's cloud platform. it will allow for future integration between artificial intelligence and machine learning capabilities with box's cloud content management platform. i met with their ceo and asked what kind of customer demand they are expecting from this deal. guest: about 74,000 companies globally, including 64% of the fortune 500, microsoft their cloud services is in about 95% of the fortune 500 or more. there is already a lot of significant overlap between our customer base and there is in the cloud. we are hearing for more and more of our customers that they want to be able to leverage some of the more advanced scalability's, and be will to have things -- advanced capabilities, and be able to do things like store their data and more places around the world. emily: i know you

. you can listen on the bloomberg app or bloomberg.com, or on sirius xm. this is bloomberg. ♪ emily: in partnership news, microsoft and box are expanding their deal to reach more large, corporate customers with their file sharing and storage service. customers will now be able to store their data and microsoft's cloud platform. it will allow for future integration between artificial intelligence and machine learning capabilities with box's cloud content management platform. i met with their...

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: welcome back. carol: you can also listen to usonsiriusxm,and a.m. radio in new york and boston, washington, d.c. and the bay area. in the technology section, many h-1b visa applications for tech firms are not going to mid to high level positions. oliver: they're actually going to entry-level jobs. >> the h-1b visa program has been one of silicon valley's priorities for a long time. it creates a limited number of visas to bring workers with specialized skills into the country for three-year giving -- three-year periods. the thing that makes a controversial as you see the outsourcing industry using it basically to bring in lower-level computer programmers at lower levels of pay. this is what people are irked by. oliver: specialized workforce, and it largely exists within the tech space. the h-1b visa is not new, but it has proliferated in the tech space. josh: correct, it has been around several decades. because it is set up for technical skills, silicon valley is one of the heaviest users of it just because they need entry-level employees. carol: how have companies use this prog

: welcome back. carol: you can also listen to us on sirius xm, and a.m. radio in new york and boston, washington, d.c. and the bay area. in the technology section, many h-1b visa applications for tech firms are not going to mid to high level positions. oliver: they're actually going to entry-level jobs. >> the h-1b visa program has been one of silicon valley's priorities for a long time. it creates a limited number of visas to bring workers with specialized skills into the country for...

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back in 2015. shares of walgreen's dropped to $80.99. shares of rite aid plunged 15% to $3.>>>siriusxmwill make a $480 million investment in the music streaming company pandora. the satellite radio company cited pandora's large user base and personallyized music experience as tremendous assets. shares of sirius xm dropped 20 cents to $5.20. pandora rose 10 cents to $8.52. >>> the fda has requested endo pharma pull its opioid painkiller off the market. this is the first time the agency has asked to remove a currently marketed opioid drug due to public health consequences of abuse. shares of endo pharma dropped more than 16% to $11.49. >>> time now for our market monitor, who says he's finding value in some underappreciated names in the stock market right now. it's not the first time on the program for him but it is as market monitor. let's welcome back timothy lesko. welcome back, tim, nice to have you here. >> thanks for having me. >> so you're saying that the market in certain sectors may look fairly valued or maybe fully valued or a little overvalued. but that's not true of the o

back in 2015. shares of walgreen's dropped to $80.99. shares of rite aid plunged 15% to $3. >>> sirius xm will make a $480 million investment in the music streaming company pandora. the satellite radio company cited pandora's large user base and personallyized music experience as tremendous assets. shares of sirius xm dropped 20 cents to $5.20. pandora rose 10 cents to $8.52. >>> the fda has requested endo pharma pull its opioid painkiller off the market. this is the first...

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. pandora has put to rest talk of an outright sale for now. the company sold a 19% stakeinsiriusxmto sirius xm for $480 million. sirius will get three seats on the board, including the chair position. in a separate transaction, pandora sold the concert ticketing business for $200 billion. the company is under pressure to adjust to the changing landscape as it competes against spotify and apple music. think of it as youtube meets amazon. we will hear from the former hulu c.e.o. that is next. ♪ emily: airbnb has cleared a major hurdle in japan. the japanese government approved legislation that legalizes its service and others like it in the country. the law will allow homeowners to let out their property to paying guests for up to 180 days a year. airbnb which is valued at $31 billion has found a receptive audience in japan compared to some cities in the united states, including new york and san francisco. a tourism boom has cut into japan's supply of available hotel rooms and helped make the island nation airbnb's fastest-growing market. eric feng has plans to change how millenni

. pandora has put to rest talk of an outright sale for now. the company sold a 19% stake in sirius xm to sirius xm for $480 million. sirius will get three seats on the board, including the chair position. in a separate transaction, pandora sold the concert ticketing business for $200 billion. the company is under pressure to adjust to the changing landscape as it competes against spotify and apple music. think of it as youtube meets amazon. we will hear from the former hulu c.e.o. that is next....

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becomes chairman of that company. liberty--sirius. libertywith its significant equity into fusion has the right to three board seats, including chairman role. respectfully chairman and ceo of sirius. >> how about tesla reports that tesla is considering launching its own streaming music service, which apparently some of the cell side today has no problem with, if you believe the car is turning into what they call the fourth screen. >> fourth screen. >> if you're tesla and essentially think of software updates, it's basically an operating system and we're going to control every feature of the car. i don't know how you have an edge in assembling a streaming, you know, music or content platform tesla wants it to be tesla branded for tesla customers. >> who do we talk to on closing bell doesn't make any sense, he says. >> you hear it a lot, though, the idea of it being a fourth screen why apple might be interested in the car. >> takes the biggest block of time people have where they're not in front of a screen. >> and not to mention sirius is talked about as potentially one day

becomes chairman of that company. liberty -- sirius. liberty with its significant equity into fusion has the right to three board seats, including chairman role. respectfully chairman and ceo of sirius. >> how about tesla reports that tesla is considering launching its own streaming music service, which apparently some of the cell side today has no problem with, if you believe the car is turning into what they call the fourth screen. >> fourth screen. >> if you're tesla and...

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siriusxmchannel 119 and in new york and boston. also in the bay area. oliver: and in london. carol: in the technology section, many h-1b these visacations -- applications are not going to high level positions. visa program creates a limited number of the says to to bringof visa workers with special skills into the country for a three-year period. you see the outsourcing industry used to bring in lower-level computer programmers at lower levels of pay and this is what people's are urged by with the program. >> specialized workforce and out the specialized -- it is not a new thing but is proliferated to the tech space recently. programs, it has been a around for several decades. it is something set up for technical skills and silicon valley is one of the heaviest users of it because they need specialized engineers. carol: a company like cisco, it allows them to do what? >> what you will see cisco say masters levelhire computer programmers and we cannot find enough coming out of american universities so let us -- let'se from foreign bring some foreign-born engineers to work because of

sirius xm channel 119 and in new york and boston. also in the bay area. oliver: and in london. carol: in the technology section, many h-1b these visacations -- applications are not going to high level positions. visa program creates a limited number of the says to to bringof visa workers with special skills into the country for a three-year period. you see the outsourcing industry used to bring in lower-level computer programmers at lower levels of pay and this is what people's are urged by...

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satellite radio company seriousxm.siriusxm.they are looking to become a streaming music service to be for paying subscribers. -- $1.6.6 million billion deal today in data storage. fabrications -- -- dupont favreau's -- elliott management is raising its stake after a , andd takeover by elliott that is your latest bloomberg business flash. four minutes until the end of the section -- session -- and what election, bonnie -- vonnie? fell 2.5%.rlier the biggest drop since june 27. closes next. ♪ mark: live from london and new york, this is "bloomberg markets: european close." is the function of all functions. the ftse 100 up .9%. , currencieslines falling against the dollar. look at the u.k. five-year down by 4.5 basis points. earlier, 2.5% earlier. that is the biggest decline since june 27. love this chart, redline, top line. that is what happened if the tories got a big vote, didn't happen. line, that, green was if the tories got a small win. third line, blue line, if labour party one. we are at 127.38, the hung parliament has not materialized. one analyst says a could fall

satellite radio company serious xm. sirius xm. they are looking to become a streaming music service to be for paying subscribers. -- $1.6.6 million billion deal today in data storage. fabrications -- -- dupont favreau's -- elliott management is raising its stake after a , andd takeover by elliott that is your latest bloomberg business flash. four minutes until the end of the section -- session -- and what election, bonnie -- vonnie? fell 2.5%.rlier the biggest drop since june 27. closes next....

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advertisements. it recently received a $480 million investmentfromsiriusxm.>>> today, governor brown signed a $125 billion state budget with increased funding for education and social services. it includes 3 billion more for k-12 schools and community colleges. those on medical will get approved coverage and the budget expands tax credit for the working poor. >>> a bill to ban smoking has cleared another hurdle. bay area assemblyman mark levine authored ab 75. he says it will protect people who want to enjoy state beaches and parks without being exposed to secondhand smoke. violators would face fines of $250 for each infringement. >> secondhand smoke can be as dangerous outdoors as it is indoors and of course wildlife can pick up this cigarettes that have been dropped on the ground, that's toxic, and cancer causing just like secondhand smoke is. >> the ban has an exemption for those filming with a permit the california film commission. if it passes the full senate, it will go to the governor's desk for signature. >>> still ahead, walking a line in the sky. the hobby that is defini >>

advertisements. it recently received a $480 million investment from sirius xm. >>> today, governor brown signed a $125 billion state budget with increased funding for education and social services. it includes 3 billion more for k-12 schools and community colleges. those on medical will get approved coverage and the budget expands tax credit for the working poor. >>> a bill to ban smoking has cleared another hurdle. bay area assemblyman mark levine authored ab 75. he says it...

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bloomberg.com,andsiriusxm.this is bloomberg. ♪ so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. tthat's why at comcast,t to be connected 24/7. we're always working to make our services more reliable. with technology that can update itself. and advanced fiber network infrastructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology." let's start with a check of your first word news. president trump welcomed the ukrainian president of the oval office today.the talks betwe

bloomberg.com, and sirius xm. this is bloomberg. ♪ so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver....

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"bloomberg businessweek." carol: you can listen to us on radioonsiriusxmchannel 119. 9091 fm in washington dc, and a.m. 960 in the bay area. carol: in the technology section, many h-1b visa applications for jobs at u.s. tech firms are not going for the mid-to high-level positions. oliver: they are actually going to entry-level jobs. joshua: it has been one of silicon valley's public policy priorities for a long time, and it creates a limited number of visas to bring workers with specialized skills into the country for three-year periods. silicon valley uses it to bring in computer scientists, programmers, and so on. you also see hospitals use it, and the thing that makes it controversial is, you see the outsourcing industry use it to bring in lower-level computer programmers at lower levels of pay, and this is what people are irked by. oliver: specialized workforce, and right now that specialization largely exists within the tech space. the h-1b visa is not necessarily new, but it has sort of proliferated through the text space most recently. joshua: the program has been around

"bloomberg businessweek." carol: you can listen to us on radio on sirius xm channel 119. 9091 fm in washington dc, and a.m. 960 in the bay area. carol: in the technology section, many h-1b visa applications for jobs at u.s. tech firms are not going for the mid-to high-level positions. oliver: they are actually going to entry-level jobs. joshua: it has been one of silicon valley's public policy priorities for a long time, and it creates a limited number of visas to bring workers with...

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bloomberg radio app, bloomberg.com, and in the u.s.onsiriusxm.this is bloomberg. ♪ emily: the fallout continues for binary capital. the last remaining co-founder has offered his resignation to the firm's investors. in a letter of turned by bloomberg, he told the firm's lp "if the investor group believes my removal serves the best interest of investors, i will respectfully resign." the venture capital firm has announced it -- is also shutting down its most recent fund. investors have agreed to this. this after another cofounder resigned amidst allegations of sexual misconduct, as reported by the information. binary had raised about $175 million for that fund, but very little of the money had been invested and will be returned to the firm's limited partners. questions remain about how the firm will handle its investments made from the first fund. amazon is facing major competition from millions of mom and pop shops across the u.s., with walmart, among others, successfully cornering many of the same merchants. amazon is holding its own me and greet with 1500 merchants in new york

bloomberg radio app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ emily: the fallout continues for binary capital. the last remaining co-founder has offered his resignation to the firm's investors. in a letter of turned by bloomberg, he told the firm's lp "if the investor group believes my removal serves the best interest of investors, i will respectfully resign." the venture capital firm has announced it -- is also shutting down its most recent fund. investors...

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on the bloomberg radio app, bloomberg.com, and in the u.s.onsiriusxm.this is bloomberg. ♪ ♪ latest first word news. india's economy grew at the slowest race in more than two years in the first quarter. gdp expanded by 6.1% in the first three months of 2017. that is a four percentage -- a full percentage point below estimates. the manufacturing center shows signs of recovery. a woman linked to the scandal that toppled a leader is back in . she is the daughter of a confidant. samsung paid 850,000 dollars to buy her a horse as part of the widespread corruption inquiry and political and business -- in korean and business circles. trading revenue is said to call at least 10% because tranquil markets are curbing demand. jpmorgan and others slid off the updates, taking the dow lower. an executive says trading remains subdued. jpmorgan was one of the worst performers on the dow. global news 24 hours a day, powered by 2600 journalists in 120 countries, this is bloomberg. >> traders in asia, japanese shares are climbing after capital spending topped estimates, offsetting the

on the bloomberg radio app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ ♪ latest first word news. india's economy grew at the slowest race in more than two years in the first quarter. gdp expanded by 6.1% in the first three months of 2017. that is a four percentage -- a full percentage point below estimates. the manufacturing center shows signs of recovery. a woman linked to the scandal that toppled a leader is back in . she is the daughter of a confidant. samsung...

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thechair,siriussatelliteradio? >> i like the stock very much. what does that tell you. ray in iowa? >> caller: how is it going cramer. thank you for an awesome show and having my back. a big boo-yah to you, my friend. >> we were in iowa, did one of our greatest shows in iowa. i love that state. >> caller: iowa city. i'm interested in a mix of health care and tech. i think 24 is it a great stock. >> it's in a 52 week high, if they miss it will be cut in half. i think you're playing with fire with teledoc. >> boo-yah, jim. tomorrow night, going to be a big night. >> all right, what's up. >> therapeutic. >> i think the move has been made again. it's interesting. i think that people keep thinking that great things can happen. let's go to ron in new york, ron? >> ron from oceanside, long time viewer. >> we're doing great, how about you. >> a little disappointed in the mets this year, but we're hanging in there. >> you can be from philadelphia and you're beyond disappointment. how can i help? >> neighbors industries. >> you're a bottom feeder, a flounder, i say no. the hook is in yo

the chair, sirius satellite radio? >> i like the stock very much. what does that tell you. ray in iowa? >> caller: how is it going cramer. thank you for an awesome show and having my back. a big boo-yah to you, my friend. >> we were in iowa, did one of our greatest shows in iowa. i love that state. >> caller: iowa city. i'm interested in a mix of health care and tech. i think 24 is it a great stock. >> it's in a 52 week high, if they miss it will be cut in half. i...

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european tech scene. check us out on the radio, the bloomberg radio app, bloomberg.com,andsiriusxm.this is bloomberg. ♪ emily: large european companies meet startup founders at the national -- international noah conference in berlin. excitement around a food startup, delivery hero. caroline hyde caught up with a -- one of europe's most famous investors rocket internet's , oliver samwer. rocket owns a 35% stake in delivery heroes? samwer must be eagerly awaiting germany's biggest ipo of the year. caroline: it is crucial for rocket internet. it is not since 2014 we actually saw a success story from portfolio companies exiting. that was alando, back in 2014, when rocket went public. we have seen the shares up some 15%. they have a lot of proving to do to the market. we are expecting an ipo in excess of $1 billion. a nice chunk of change to their -- to rocket internet and their own investor base. i spoke to oliver samwer and this is what he had to say. oliver: i think it is great for europe because it is a great example of european entrepreneurship. the team has done a fantastic job

european tech scene. check us out on the radio, the bloomberg radio app, bloomberg.com, and sirius xm. this is bloomberg. ♪ emily: large european companies meet startup founders at the national -- international noah conference in berlin. excitement around a food startup, delivery hero. caroline hyde caught up with a -- one of europe's most famous investors rocket internet's , oliver samwer. rocket owns a 35% stake in delivery heroes? samwer must be eagerly awaiting germany's biggest ipo of...

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, bloomberg.com,andsiriusxm.this is bloomberg. ♪ [ noises inside can ] [ laughing ] it's driving me crazy come on. [ spitting from tongue ] time for my secret weapon. sports, movies, tv, ah, show me music to distract a minion. [ voice remote click ] oh! [ pharrell starts to play ] [ minion so happy to see screen ] ahh! i'm pretty smart. ahhh! [ lots of minions ] [ mooing sound ] show me unicorns. [ click noise for tv ] ahhh! that works too. find your awesome with the xfinity x1 voice remote. see despicable me 3. in theaters in june. saudi king has removed the proud his post.rince from this is breaking right over the bloomberg terminal right now. prince, he waswn the crown prince. saudi arabia now naming the former deputy to rise up in his instead. he is now officially the crown prince. >> that is just breaking news. just to recap what she pointed out, the put context into this, the former crown prince has been removed. with1-year-old who came up the 2030 vision for saudi arabia and diversifying the economy, you see him on your screen right there. he will now be -- and not be elevate

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radio. listen on the bloomberg radio app, bloomberg.com, and in the u.s.onsiriusxm.this is bloomberg. ♪ jessica: you are watching bloomberg technology. let's get a check of your first word news. 22-year-old student in north korea in a coma has died. he spent a year and a half in prison after ripping down a propaganda sign. he returned with severe brain damage. president donald trump reacted to the news a few moments ago calling north korea a brutal regime and at least he was able to get home to his parents. in paris, french police have removed the body of accused of ramming a van into a police van france's anti-terrorism prosecutor has opened an investigation. no people on the street were hurt. talks kicked off in brussels today to initially marked the beginning of the end of britain's membership in the eu. david davis said things have gotten off to a promising start. he says the priority is to assure u.k. citizens who live in the eu and people in the eu in britain. three days after president trump sign his new cuba policy, the nation is responding. cuba's foreign ministe

radio. listen on the bloomberg radio app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ jessica: you are watching bloomberg technology. let's get a check of your first word news. 22-year-old student in north korea in a coma has died. he spent a year and a half in prison after ripping down a propaganda sign. he returned with severe brain damage. president donald trump reacted to the news a few moments ago calling north korea a brutal regime and at least he was able to get...

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two is ahead. listen on the bloomberg radio and in theerg.com, u.s.onsiriusxm.this is bloomberg. ♪ movie and tv studios continue to be disrupted by digital entertainment, videogame companies have come through looking like winners. take two is handily outperforming the market. we caught up with strauss nelnet and asked exactly what is driving video games stock. >> there are a couple of things driving the growth. the first is the promise of the business is beginning to be translated into the reality of how these companies are doing. the promise has been interactive entertainment is the most rapidly growing part of the entertainment's nest. -- entertainment business. and has been for some time. with a cohort of consumers that is 37 years old on average, only skewing slightly more male than female, there's growth ahead. we have the explosion of new gen platforms. we expect that to nearly double in the next few years. the launch of nintendo switch. and most importantly, the ongoing engagement of consumers in between big releases. what we call recurrent consumer spending. consumers

two is ahead. listen on the bloomberg radio and in theerg.com, u.s. on sirius xm. this is bloomberg. ♪ movie and tv studios continue to be disrupted by digital entertainment, videogame companies have come through looking like winners. take two is handily outperforming the market. we caught up with strauss nelnet and asked exactly what is driving video games stock. >> there are a couple of things driving the growth. the first is the promise of the business is beginning to be translated...

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already a board member onion how many companies and chairman or the man thatrunssiriussoi don't think that's been decided yet. but it does appear he will be stepping out stocks come back it's funny this was the $6, $6.50 range a couple of weeks ago. big move back but nowhere near recent levels. >> so the market suggesting here with this potential move that an overall pass there. >> on the daily operations that accompany to the extent that because they like free maybe they start pulling back on the subscription service that they have been rolling out and make other decisions different than twuns they have done and maybe they could get themselves back to a level of profitability. >> pacific crest ups them today to sector weight from under weight got some guidance out of mirkcrn earnings expected. they raise physical 17 gap to 355. rating remains out performed target goes from 32 to 40 so the bullishness and the cyclical supply chain dynamics remains. >> just the slightest wobble in these stocks if you look at a long-term chart it doesn't look like anything but then you did have a

already a board member onion how many companies and chairman or the man that runs sirius so i don't think that's been decided yet. but it does appear he will be stepping out stocks come back it's funny this was the $6, $6.50 range a couple of weeks ago. big move back but nowhere near recent levels. >> so the market suggesting here with this potential move that an overall pass there. >> on the daily operations that accompany to the extent that because they like free maybe they start...

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. the bloomberg on radio app, bloomberg.com, and onthesiriusxm.this is bloomberg. ♪ >> it is 11:29 in hong kong. i am paul allen with the latest first word news. china u.s.ium on relations says president trump has been weakened on the international stage while the status of his chinese counterpart is growing. said the u.s. is "mired in a political crisis that could have far-reaching implications." ambassadors that u.s. withdrawal from international agreements has listed xi jinping's image. trump's proposed travel ban has been defeated in the second appeal as the supreme court considers whether to take b or the court of appeals in san francisco said the president exceeded his authority by suspending nationals from mostly muslim countries without showing how letting his people in hurts america's interests. the white house is confident the supreme court will uphold the ban. jeffrey immelt stepping down as chief executive of general electric ending a 10 year in which he dramatically reshape the company, but failed to win over wall street. johnll be replaced by flannery, who oversaw a j

. the bloomberg on radio app, bloomberg.com, and on the sirius xm. this is bloomberg. ♪ >> it is 11:29 in hong kong. i am paul allen with the latest first word news. china u.s.ium on relations says president trump has been weakened on the international stage while the status of his chinese counterpart is growing. said the u.s. is "mired in a political crisis that could have far-reaching implications." ambassadors that u.s. withdrawal from international agreements has listed xi...

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industry. there's a little bit of it. >> nextup,siriusxmis making a $480 million strategic cash investment in pandora. sources telling cnbc the partnership came together after pandora rejected sirius's offer to buy the full company for $8 a share. who benefits more from this deal? >> i love this. so he wants to buy pandora. pandora says no, thank you. so malone says, okay, here's a half a billion dollars. >> he's the one logical buyer. he's very rigid on the price, and now he kind of has you captive because he's an investor. >> and the stock goes above $8 a share, which is where they're going to buy it anyway. >> exactly. >> what are they going to do with that kind of money? they're buying their preferreds, but i mean -- >> fund future years of losses because pandora does not really have a business model that works just yet, right? >> and they're trying to get into cars. they want to be heard in cars, which sirius has deep penetration on that. >> sirius meanwhile down 4% on that news. >>> finally, it was once common for wall street firms to only hire from prestigious business sc

industry. there's a little bit of it. >> next up, sirius xm is making a $480 million strategic cash investment in pandora. sources telling cnbc the partnership came together after pandora rejected sirius's offer to buy the full company for $8 a share. who benefits more from this deal? >> i love this. so he wants to buy pandora. pandora says no, thank you. so malone says, okay, here's a half a billion dollars. >> he's the one logical buyer. he's very rigid on the price, and...

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out on bloomberg radioandsiriusxm.this is bloomberg. ♪ emily: to keep up with competitors, microsoft is giving skype a makeover. the new app has all the features users know, while adding third-party services, simpler photo sharing and a revamped interface for group check. skype has taken agreed -- a back seat to apps like i message. it will start out with android devices, than on the iphone in about a month. it was a banner quarter for companyntent management him theirhey made goal of being cash flow positive, a big challenge for a tech firm looking to grow. we talked with box ceo aaron levie about what's next for the company. >> made sure we are plugged into different applications our customers are using. if you are using facebook for enterprise, their new work worries -- workplace products, we want to make sure content can be served up security -- securely in that environment. if you are using slack for communication on teams, we want to make sure box can be the backs and system for that content. getsy any application that created or used in the enterprise, we want to en

out on bloomberg radio and sirius xm. this is bloomberg. ♪ emily: to keep up with competitors, microsoft is giving skype a makeover. the new app has all the features users know, while adding third-party services, simpler photo sharing and a revamped interface for group check. skype has taken agreed -- a back seat to apps like i message. it will start out with android devices, than on the iphone in about a month. it was a banner quarter for companyntent management him theirhey made goal of...

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, bloomberg.com, and in the u.s.onsiriusxm.this is bloomberg. ♪ ♪ emily: while movie and tv studios continue to be disrupted by new forms of digital entertainment, videogame companies have come through looking like winners from an investor standpoint. take-two interactive is one handilyin the industry outperforming the broader market. we caught up with ceo strauss zelnick asking exactly what is , driving videogame stocks? strauss: there are a couple of things driving growth in our stock. the first is, i think, the promise of the business is beginning to be translated into the reality of how these companies are doing, ours included, and the promise has been interactive entertainment is the most rapidly growing part of the entertainment business and has been for some time. and with a cohort of consumers, that is now about 37 years old on average, and skewing only slightly more male than female, there is plenty more growth in the population ahead. we also have the explosion of new gen platforms. about 85 million of them are out there, and we expect that to nearly double in just

, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ ♪ emily: while movie and tv studios continue to be disrupted by new forms of digital entertainment, videogame companies have come through looking like winners from an investor standpoint. take-two interactive is one handilyin the industry outperforming the broader market. we caught up with ceo strauss zelnick asking exactly what is , driving videogame stocks? strauss: there are a couple of things driving growth in our...

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.mileysiriusandjimmy fallon teaming up for an incognito performance in new york. the pair taking to the subway station below rockefeller center to perform in wigs and hats, but computers caught on. taking videos and singing along. the singer quickly removed her wig and sunglasses, treating the crowd to one of her hit songs. [ cheers ] this is miley cyrus! ♪ on a plane to l.a.x. ♪ welcome to the land of fame excess ♪ ♪ am i going to fit in ♪ i jumped in the cab here i am for the first time ♪ ♪ to my right i see the hollywood sign ♪ >> that's a fun surprise if you're just commuting. >> maybe it was the camera crew who gave it away times square station. >> "rock center. >> that makes more sense. >>> former president barack obama inducting jaycee in z int song songwriter's hall of fame. >> and let's face it, we both have wives who are significantly more popular than we are >> also a subway story, by the way. jay z named after subway lines >> good, making the link there owe also talked about how they were both protective over their daughters. he said that jay z will have

. miley sirius and jimmy fallon teaming up for an incognito performance in new york. the pair taking to the subway station below rockefeller center to perform in wigs and hats, but computers caught on. taking videos and singing along. the singer quickly removed her wig and sunglasses, treating the crowd to one of her hit songs. [ cheers ] this is miley cyrus! ♪ on a plane to l.a.x. ♪ welcome to the land of fame excess ♪ ♪ am i going to fit in ♪ i jumped in the cab here i am for the...

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pandora and they just got a big partner very big partnerinsiriusandin turn, liberty and live nation potentially. >> but they're di veerting attention. snap chat has ageneration it' embraced it starts to look more like twitter, which is reason bable to a big group, not facebook sized group. this is not a one or two or three quarter. i'm in it. probably higher. i might buy more they are having operational angst right now. they are not operating the way facebook operates nor should they be expected to. if you're in this thing for a short-term trade, i'd probably get out. if you believe this is meaningful to a generation, we don't talk that's it's two businesses it's a communications business and a media business >> as the only millennial sitting up here. >> you're not, i am. >> both of us. as the millennial, if you have a dollar as an advertiser, one dollar to spend, you are fot knot get ago return on that by giving it to snap chat you can give it to facebook as an advertiser, if you have a dollar, especially with zuckerberg with his eyes squarely on this company at this point i

pandora and they just got a big partner very big partner in sirius and in turn, liberty and live nation potentially. >> but they're di veerting attention. snap chat has ageneration it' embraced it starts to look more like twitter, which is reason bable to a big group, not facebook sized group. this is not a one or two or three quarter. i'm in it. probably higher. i might buy more they are having operational angst right now. they are not operating the way facebook operates nor should they...

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been trading higher in the premarketaftersiriusxmsaid it will make a $480 million strategic investment. sirius will get three seats on pandora's board including a chair. kkr will terminate its investment agreement with pandora. that stock is up by 1.6% right now. >> let's get back to the markets. joining us now chief fixed income strategist at janney, montgomery scott looking over here so i get this right, cinch and covering currencies, bob cinch. you know, i'm such a global type guy and i'm so parisian i was going to say cinch but i asked the producer and it's cinch i'm just going to leave it at that. global strategist at amherst pierpont securities. guy, like a lot of people who keep telling me that inflation is not going to be a problem you think it's a temporary respite and we shouldn't get too complacent about things so the fed is on the right track? >>> generally speaking, yeah. the truth is in the last seven or eight years all of the statistical models, all of the economic models have done a horrific job of predicting inflation. so, most likely, the best way to statem

been trading higher in the premarket after sirius xm said it will make a $480 million strategic investment. sirius will get three seats on pandora's board including a chair. kkr will terminate its investment agreement with pandora. that stock is up by 1.6% right now. >> let's get back to the markets. joining us now chief fixed income strategist at janney, montgomery scott looking over here so i get this right, cinch and covering currencies, bob cinch. you know, i'm such a global type guy...

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offerings." this is bloomberg. ♪ ♪ oliver: welcome back. you can catch us on the radioonsiriusxm,and on the radio in new york, boston, washington, d.c. and the bay area. also, in london and asia on the bloomberg radio app. concern is growing about russian hacking in germany's election this fall. stefan: in germany, we have seen a range of hacking attempts and successful hacks over the past two years. it started in 2015 when the german parliament was hacked and criminals actually stole 16 gigabytes worth of data. that is about 1.5 million emails. lots of hacking going on and the german government is concerned that in the run-up to the election, increased hacking will go on and hackers will try to influence the german elections that way. carol: talk about the 16 gigabytes. you put in your story, those hackers were roaming around within the german parliament for about a week. stefan: that is correct. i will walk you through how this happened. picture this. in 2015, several german lawmakers got it you know that looked like it came from the united nations, except it didn't. it came f

offerings." this is bloomberg. ♪ ♪ oliver: welcome back. you can catch us on the radio on sirius xm, and on the radio in new york, boston, washington, d.c. and the bay area. also, in london and asia on the bloomberg radio app. concern is growing about russian hacking in germany's election this fall. stefan: in germany, we have seen a range of hacking attempts and successful hacks over the past two years. it started in 2015 when the german parliament was hacked and criminals actually...

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guest is newt gingrich. ,hose listeningonsiriusradiothe book is called "understanding trump," and it was a twitter battle between you and joe scarborough the last couple of days. he got personal as well. started thatt was on his part. i've known joe for many years and he served in congress with me back when i was speaker of the house. it's our like the process of being a morning joe has gotten to him, and he's gotten more and more extreme. he after -- he went after me in ways that make no sense. host: why? guest: i don't know why he was saying the things he was saying. i've been around for a long time i lost my first two elections and kept campaigning. i spent 16 years of increasing majority. i've done a lot of things that that i don't get paid for. and working in the defense department and helping human services and other things. he implied that i would do something because somehow i would be paid off. and i was astonished. i thought he knew me better than .hat i've got two grandchildren and i want them to live in a country that is safe where they can have a healthy life and be p

guest is newt gingrich. ,hose listening on sirius radio the book is called "understanding trump," and it was a twitter battle between you and joe scarborough the last couple of days. he got personal as well. started thatt was on his part. i've known joe for many years and he served in congress with me back when i was speaker of the house. it's our like the process of being a morning joe has gotten to him, and he's gotten more and more extreme. he after -- he went after me in ways...

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the radio, you can listen to usonsiriusxm.this is bloomberg. ♪ paul: james comey will tell congress president trump asked to see his way clear to letting this go. in a testimony for his appearance before the senate intelligence committee, comey will say he never agreed to it -- to end the inquiry. trump says he will be taking action very soon to stop foreign steel being dumped on the u.s. market. the effective steel imports on national security under the seldom used section 232 of the trade expansion act. wilbur ross has accused china of failing to deliver on its promise to reduce excess still capacity. u.s. markets are seen a risk level since the financial crisis with investors paying dearly for the chances they take. central bank policies and low rates were artificially hiking asset prices. gross says investors are buying high and hoping. global news 24 hours a day, powered by more than 2600 journalists and analysts in over 120 countries. emily: a check on the markets in asia. a more cautious turn. we see equity markets mostly turn to gains. we do have chinese stocks lead

the radio, you can listen to us on sirius xm. this is bloomberg. ♪ paul: james comey will tell congress president trump asked to see his way clear to letting this go. in a testimony for his appearance before the senate intelligence committee, comey will say he never agreed to it -- to end the inquiry. trump says he will be taking action very soon to stop foreign steel being dumped on the u.s. market. the effective steel imports on national security under the seldom used section 232 of the...

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radio, you can listen to usonsiriusxm.this is bloomberg. ♪ alisa: i'm alisa parenti in washington. let's start with a check of your first word news. theresa may and jeremy corbyn made their final push for support before going to the polls. corbyn says he would be a leader for everyone, not just the elite. the flack has been raised at the nato headquarters in brussels, 29th the country became be member. today condemned the deadly twin attacks in iran saying the deprave and he of terrorism has no place in the world. nationst trump said that sponsor terror fall victim to the evil they promote. the death toll in the terror attack at the london bridge rose to eight today after a body was found in the thames river. the attackers used a van to run down pedestrians on the bridge saturday night. judges on brazil's top electoral campaign.de -- the ruling could be an indication of which way the court is leaning. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm alisa parenti. this is bloomberg. inis just after 5:30 washington. we a

radio, you can listen to us on sirius xm. this is bloomberg. ♪ alisa: i'm alisa parenti in washington. let's start with a check of your first word news. theresa may and jeremy corbyn made their final push for support before going to the polls. corbyn says he would be a leader for everyone, not just the elite. the flack has been raised at the nato headquarters in brussels, 29th the country became be member. today condemned the deadly twin attacks in iran saying the deprave and he of terrorism...

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on the radio. you can listen on the bloomberg radio app, and in the u.s.onsiriusxm.this is bloomberg. ♪ ♪ emily: to keep up with competitors, microsoft is giving skype a makeover. the new app has all the features users know, while adding third-party services, simpler photo sharing, and a revamped interface for group chat. skype has taken a backseat to the convenience of snapchat and apple's imessage. the new skype will be released gradually, starting out with android devices, then on the iphone in about a month. it was a banner quarter for cloud content management company box. positive earnings results helped pushed them to a 52-week high. two analysts raised the price tag on the company. investors were particularly pleased box maintained its goal of being cash flow positive, a big challenge for a tech firm looking to grow. we spoke with box ceo aaron levie about the results and what's next for the company. aaron: make sure we are plugged into different applications our customers are using. if you are using facebook for the enterprise, which is their new workplace produ

on the radio. you can listen on the bloomberg radio app, and in the u.s. on sirius xm. this is bloomberg. ♪ ♪ emily: to keep up with competitors, microsoft is giving skype a makeover. the new app has all the features users know, while adding third-party services, simpler photo sharing, and a revamped interface for group chat. skype has taken a backseat to the convenience of snapchat and apple's imessage. the new skype will be released gradually, starting out with android devices, then on...

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, bloomberg.com,andsiriusxm.this is bloomberg. ♪ caroline: queen elizabeth ii outlined prime minister may's agenda to lawmakers in the u.k. brexit obviously dominates may's program for the next two years as the country tries to find the right balance as it separates from the european union. details from london. the queen'sminated speech in london on wednesday as the government tried to set out its legislative agenda for the two years that lie ahead. on the brexit front, we heard about policies on immigration and trade. both of those could prove contentious, as those who want a hard brexit vs. those who want a soft brexit battle for influence over government policy. many domestic policies that could have been controversial had to be dropped after the conservative party failed to maintain its majority at the most recent election earlier this month. also absent was any mention of a controversial state visit by president trump. a spokesperson for the government said the only reason this was not included was that no date has been set. the queen's speech also included reference to

, bloomberg.com, and sirius xm. this is bloomberg. ♪ caroline: queen elizabeth ii outlined prime minister may's agenda to lawmakers in the u.k. brexit obviously dominates may's program for the next two years as the country tries to find the right balance as it separates from the european union. details from london. the queen'sminated speech in london on wednesday as the government tried to set out its legislative agenda for the two years that lie ahead. on the brexit front, we heard about...

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on the radio. you can listen on the bloomberg radio app, bloomberg.com, and in the u.s.onsiriusxm.this is bloomberg. ♪ alisa: i am alisa parenti in washington and you are watching "bloomberg technology." let's art with a check of your first word news. concrete and metal barriers are going up on several london bridge is following the second terrorist attack using vehicles to target pedestrians. they are designed to stop copycat attacks of what british prime minister theresa may cause a new trend in terrorist tactics. police will not say how many bridges will get the extra layer of security. the decision to sever diplomatic ties with qatar should not have impact on u.s. military operations. central command says there are no plans to make changes. central command and its 10,000 u.s. troops are based in qatar. the country is accused qatar of supporting terrorism. the first ever united nations conference on oceans has opened on a luminous note. the secretary-general says oceans are under threat as never before. he says plastic garbage in the waters will outweigh fish by 2050 if noth

on the radio. you can listen on the bloomberg radio app, bloomberg.com, and in the u.s. on sirius xm. this is bloomberg. ♪ alisa: i am alisa parenti in washington and you are watching "bloomberg technology." let's art with a check of your first word news. concrete and metal barriers are going up on several london bridge is following the second terrorist attack using vehicles to target pedestrians. they are designed to stop copycat attacks of what british prime minister theresa may...

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political analyst with zerlina maxwell. now director of progressive programsforsiriusfm.joe, we have comey on the record thursday. president getting his moment in the sun from the rose garden yesterday. what is the take away? >> my biggest take away is james comey is a credible witness on the stand. he is credible in terms of what he had to say. it doesn't help him that he shared unclassified information with the friend that he passed that on. i don't think that helps him. it gives the trump forces an opening. >> joe, apples to apples. president trump or former fbi director james comey. who is more credible? >> i think james comey is more credible of the two. at the end of the day, james comey is more credible to the american public. donald trump is a fighter. you know, saying from the rose garden that he wants to testify and wants to sit before a special prosecutor and testify is counterintuitive to me. he has managed to succeed this far by being counterintuitive. who knows. >> rick, msnbc learned that comey in the closed session told senators about a possible third interactions wit

political analyst with zerlina maxwell. now director of progressive programs for sirius fm. joe, we have comey on the record thursday. president getting his moment in the sun from the rose garden yesterday. what is the take away? >> my biggest take away is james comey is a credible witness on the stand. he is credible in terms of what he had to say. it doesn't help him that he shared unclassified information with the friend that he passed that on. i don't think that helps him. it gives...

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on june 17 of that year. we welcome your calls. if you're listeningonsiriusx.m.,the potus channel, give us a call at 202-748-8001, our line for republicans. 202-748-8000 for democrats. michael has this tweet, a few people under the age of 55 really have an understanding of what it was like during the watergate period. let's go to john in houston. good morning. caller: good morning. 'm 51 years old. i was listening to npr, national public radio, a couple of nights ago, and they were talking about the attorneys that robert mueller was adding to his team. there are about four or five of them that have, you know, money laundering experience, decades, decades of experience prosecuting people. i think they're going to take the whole trump family down. i think they're going to get the son-in-law, the daughters. i think they're going take -- i think they're going to take the whole bunch down. they are very serious, and they know what they're doing, i tell you what. i see newt gingrich getting all a at thisy, and kellyanne conway, you know, nobody is listening to begin begin begin

on june 17 of that year. we welcome your calls. if you're listening on sirius x.m., the potus channel, give us a call at 202-748-8001, our line for republicans. 202-748-8000 for democrats. michael has this tweet, a few people under the age of 55 really have an understanding of what it was like during the watergate period. let's go to john in houston. good morning. caller: good morning. 'm 51 years old. i was listening to npr, national public radio, a couple of nights ago, and they were talking...

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victim. >> cosby is not expected to testify shs but did speaktosiriusxmradio host suggesting race could be a factor in the scandal surrounding his case. >> i just truly believe that some of it may very well be that. >> when pushed on the fact he has dozens of accusers both black and white, cosby pushed back. >> piling on, so to speak, is a way and certainly an impressive way to get public opinion to come to the other side. >> are you telling me they are all lying? >> you know better than that. >> cosby has denied the allegations. his legal team says they are looking forward to this trial. another alleged victim will take the stand during this trial which is expected to last three to four weeks. jay gray, nbc news, pennsylvania. >>> trial of a former elementary schoolteacher will begin. he was a third grade teacher in silver ving. he's accused of inappropriately touching five female students over several years. e he taught from 2000 to 2016. and he coached junior varsity baseball. >>> covering northern virginia now, your outrage over the parking crisis is leading to change. the sta

victim. >> cosby is not expected to testify shs but did speak to sirius xm radio host suggesting race could be a factor in the scandal surrounding his case. >> i just truly believe that some of it may very well be that. >> when pushed on the fact he has dozens of accusers both black and white, cosby pushed back. >> piling on, so to speak, is a way and certainly an impressive way to get public opinion to come to the other side. >> are you telling me they are all...

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, took on, also workswithsiriusxmlarge investment 480 million dollars into the company they get 19%, and stock is getting upgrade over specific -- because they believe in mergers and acquisition action for this company. >> pandora had a tough time year-to-date chart down 36%, trying to compete against spotify and apple music just to name a few, so he is going to be stepping down no word object his replacement yet they are looking for replacement google, privated me records are safe google says, this is because now they will no longer search gmail for anything specific to use for advertising, as far as your personal medical words standoff type they tried to keep quiet was your financial records, now your medical records are safe, as i toss back to you a headlined for google is that the eu may find google over one billion dollars largest fine over antitrust concerns. >> nicole petallides new york stock exchange, summer vacation is getting cheaper with four states averaging less than $2 a gallon for gasoline according to aaa, joining me host "varney & company" stuart varney planning a

, took on, also works with sirius xm large investment 480 million dollars into the company they get 19%, and stock is getting upgrade over specific -- because they believe in mergers and acquisition action for this company. >> pandora had a tough time year-to-date chart down 36%, trying to compete against spotify and apple music just to name a few, so he is going to be stepping down no word object his replacement yet they are looking for replacement google, privated me records are safe...