And weapons the promise and the peril of the digital age. Im tom giles, in for emily chang. Joining me today on bloomberg studio 1. 0, brad smith, president of microsoft. Tom brad, thanks for being with us today. A lot of the last year has been spent talking about and spilling ink over this complex relationship between the u. S. And china. Id like to hear more about your concerns about the way this is playing out between the u. S. And china, and what impact that could have on u. S. Technological leadership on a global arena. Brad the u. S. Is the Digital Technology leader in the world today, but one of the important things for all of us to remember is that we dont actually invent or create technology by ourselves. If you buy an American Technology product, a product that is made by an american company, in all probability, it consists of inventions that came from Silicon Valley as well as bangalore and beijing and dublin and london, toronto and melbourne and the like. We need to continu
Who are very active in looking at technology and product 50 and the implications for the labor force. It will depend over time on workers having the skills and aptitudes to benefit from technology. Hashistory for 250 years been that Technology Enables higher productivity and those who have the skills and aptitude to operate and benefit from that technology, their wages go up. Their stated of living goes up. Youre at a place where there may be a period and there have been periods where there could be several decades that is not the case. Where the evolution of ofhnology leads to periods bad distributional effects. Over time, it has always led to lifting all boats. This particular period is one of concern. Ought to beress, we thinking about the potential impact at whether there are any policy moves we ought to make to anticipate or to try to accommodate Artificial Intelligence and other technologies. Chair powell i think it is hard to imagine you can stop the march of technology. It will
You have under armour coming in down by 1 . Founder is actually stepping aside as head of the company. Started in his grandmothers basement. Willnder armour president become the chief executive officer on january 1. Theres a huge restructuring that planck has been under over the last few years and this is really a change in strategy. Looking for distribution and longterm growth strategy. Kevin plank stepping aside after 23 years at the helm. Procter gamble beating and raising. Ups also coming in a little bit stronger here. Its earnings view as well. Crushes it on earnings and revenue. Solid numbers. Ly we were worried everything was going to be terrible. Bloombergo will be on balance of power. Time for Global Exchange where we bring you todays market moving news from all over the from london to zurich, toronto and new york. We want to kick it off in london where Orest Johnson will find out this evening whether he has any chance of getting his deal through parliament. Juncker told the E
Police told us those powerful winds took down a b thats not what happened at all. Thanks for joining us im iain page. Im lucy noland. That friend and Business Owner says he has the video to prove it. Fox 29s Shawnette Wilson live outside the 24th Police District in north philadelphia and shawnette, you talked with that Business Owner tonight. Reporter so lucy, yeah, we went back to the car lot this evening to try and find out more about this man who seemed to have died a tragic even unfathomable death but the car lot owner says the initial report put out by police isnt exactly what happened. Hes very nice guy, humble. He was very loyal. Reporter thats the reason Dwight Anderson wants to set record straight. About what he says really happened to his friend and employee. He was too emotional to show his face. Hes just a very nice guy. I mean, i know him all my life. Reporter monday, lisa said wind knocked down the company sign at the auto sales car lot on whitaker street hitting a man. T
Worth tens of thousands of dollars. The owner of the store that got ripped off tells me tonight hes certain this stolen merchandise will now end up on the blackmarket. I mean the sneakers have names and they mean lot to anybody. Reporter fans of highend sneakers dakar city on kensington avenue is likened store. Like these they go for 1700. 500. A thousand dollars. 550. Reporter owner who asked us not to identify him says he sells sneakers for as much as 5,000 pair that could explain why sunday morning a burglary crew cut through the rear cinder block wall and emptied his sto store. They was up here for probably an hour and a half trip minimum g how many trips did they make in and out. They made 15 trips. Bandits got away 200,000 in sneakers and 40 grand in cash. We didnt have no insurance. We just like lost. Two showers before the dakar city break in 2 miles away there was another highend burglary at this jewelry store. Again the thieves cut through concrete wall. They were caught on c