Coming clean. They tech is spending some tall tales. Google toacebook and stop using lawyer speak when it comes to tracking data. To our top story, we are looking at disney cost new problem. Disneys new problem. Usernames and passwords have third parties. This case as they have not been hacked. I want to bring in kissed all mary. Palmieri. Of the an issue issue of hackers . It is a big problem for all companies. This is part of the global push. They want to add 90 million customers for disney plus. They are already well on their way. 10 million signups in one day alone last week. They will have to learn how to manage this. If disney says they were not hacked, what happened with the passwords . Peoples passwords and usernames were out there and hackers took to those those and tried to resell those services. Uses a two phase identification process. It will send you any amounts of the original user saying is this authorized . When they see something suspicious, they are letting customers know. They are trying to stay proactive. As disney is tried to become more of a tech company, do they have the backend infrastructure to support that endeavor . Right now, the answer has been maybe. Huge this usual on launch and there were customer complaints. Customers were having trouble watching the videos. Disney admitted there was an issue with their software. They tested the software in the past and it worked but they were not ready at the scale that 10 million customers presented. There were a lot of customers having problems signing up. Disney said there was not so much their issue. They had forgotten the password. Were were customers already a subscriber to hulu or espn plus that wanted to bundle in disney plus. It was just a complex thing to get all those people on board. Thank you for joining. Netgear posted its analyst today at the nasdaq on wednesday. Among the products being highlighted is this wifi mesh system and a digital canvas. It functions as a wifi in hazard. The company touted a healthy appetite for its subscript and service. The ceo briefed me on it. Subscriptions a service on top of the hardware. Once you buy the hardware, you can choose from a menu of to the hardware. The most Popular Services that people subscribe to our the cybersecurity protection, the andt parental control extended warranty. Those are the top three. I want to talk about some of the products you have come up with. You mentioned the wifi six. Lso, the mural canvas 2 it looks like an art painting. How did you come up with that . The electronic canvas mural. S taking shape we would like it to be a streaming service of culture. We started targeting the art lovers. We have artworks from around the world from the museum and certain artists that streamed to the canvas for the art lovers. We recently expanded its a popular cultures. We added content a few weeks ago of game of thrones. Today, we are airing the content from marvel. And the movies series. We would continue to expand content to address more and more audiences. We believe there is a tremendous appeal to it. Found a last year we lot of professional and semi professional photographers to showcase their work. We think this would have a lot of legs to expand the reach. Tohow did you find people participate in this object with you . We have a specific team. Content creators in new york city that would contact all of the content providers with the museums and the artist. This reaches out to the studios and movie studios. We would continue to expand that. On the other hand, we have been showcasing our electronic canvas theighend stores such as beta stores and equipment. Widening, wece is believe we will expand our distribution. We can talk about Technology Without bringing up the u. S. China trade fight. How has that affected your production . Have you moved any of your manufacturing out of china because of the trade fight . Certainly, we are under no other option but to move the for u. S. Bound products out of china. We are about 90 there. By early next year, all of the production of the products destined for the u. S. Would be produced outside of china. Primarily in vietnam, indonesia and highland. Patrick. As andng up, after whole foods Cashierless Convenience stores, amazon is expanding its go technology to compete in physical retail. If you like bloomberg news, check us out on the radio. You can listen on the bloomberg app, bloomberg. Com and in the u. S. On sirius xm. This is bloomberg. Paypal has agreed to buy honeyscience. 4 billion. This will be paypals first major acquisition this year. Honey is known as a browser tool that helps users find savings as they shop online. Million active users. Honey founders will continue to run the business. Paypal shares in afterhours trading. Amazon is serious in competing the 900illion billion american groceries industry. Extension amazon go includes the possibility of licensing the technology to other retailers as well. This is matt day in seattle to discuss. What do we know about the go technology . Matt i was working on go for a long time. They were working on go for a long time. They opened their first store in seattle. They have since rolled out 21 Convenient Stores where you can go in, by what you want and go. Margins on a the corner store is not great. If youre putting all of these tracking tax in the ceiling and cameras, that is going to weigh on it. Marginsexpansion seems to be tt step for them. How does amazon respond to the investor concern . They have not given a lot of detail on their road go map. They have only recently begun to let us in under the hood. They have not commented for our story or confront any of their plans. You talked about 21 different locations so far. Any plans to make this a National Rollout with the cashier this less stores . It is hard to know what that a might be. We know they plan to open supermarket sized the saudis. We heard the tech teams have been instructed to support supermarket sized stores. We heard the tech teams have been instructed to support these. They dont want to spend a lot of time working with least retail space. Arguably, the bigger story that caught my eye was looking at licensing out the technology to other retailers. Who in your mind might be interested in this technology . If you talk to the competitors who are working on amazon go, their answer is everybody. Everybody is looking at this technology and looking at whether removing the cashier frustration experience might be a good fit for their industry. Amazon reported that amazon had been in talks with the regal Movie Theater chain and sports stadiums on potentially implementing a solution for them. These companies have not confirmed that. We know that they are planning to license this. As a consumer, i have to ask how effective is the technology at preventing basic theft . That is a good question. They have not commented on the theft stats. A journalist ended up accidentally stealing something and it was in track. Amazon said they would forgive it. Was not track. Amazon was not tracked. Amazon said they would forgive it. Industry you get excited when you see this. Just to play devils advocate, have they responded to any of the concerns about cashiers who may be wont have jobs . We remember in high school or college, that was our first job work first job workers to way to get into the workforce. If those jobs no longer exist, how has amazon responded to those criticisms . They are on the labor angle. Amazon has pointed out that the stores are not totally unmanned. That wee made the case dont think this is a way to cut staffers right now. In the long term, i think it remains to be seen, cashiers are the second most common job titles in the u. S. There is a lot of concern. We saw some criticism from a big grocery union. Matt day, thank you for joining us on all things amazon. Still ahead, regulation should be a level Playing Field across different sectors and not just banks and big tech. That is next. This is bloomberg. At this bank has said that there has been discrepancy between regulatory restrictions for big banks and big tech. She sat down with eric on tuesday to discuss her views on regulating and partnering the Tech Companies. What is a bank . Does a bank just take deposits and make loans . But we have always our , our strategy has been to be a responsible bank and grow loyal customers. You will have one bank in your head. Even know you might have five accounts. Am i correct . That is true. You are like 99 of americans and most people around the planet. For that to be the case, i need to know you. My question to you is why should data be regulated . In a different way . In a different way . Whether you are called this or Something Else . You called to ask me to share my data that vice versa, also from other players so i can give you a loan at 6 instead of 7 . That is what i am saying. We need a fair Playing Field. This is not just about banks and payment companies, it is about hotel companies. That we needssue to sort out. Some of the biggest banks, j. P. Morgan, Goldman Sachs and citigroup have started forming ships with Tech Companies to provide Financial Services. We are 100 in favor of innovation. We have partnered with Many American companies. What we are doing is we want to take these companies and services and when we dont approve alone, we pass it onto cabbage. It is at the base of our one pay affect blockchain. This is the point. We need everybody else to be open. My question to you is what is a Critical Infrastructure in the digital age . We stood think that this was Critical Infrastructure. You can make that argument. Do you know how many people have a digital wallet in the world today . More than 2 billion. When you have a digital while, who should be part of that arrangement . It should be whoever is issuing the car. These are the things that we have to make sure that we have clarity on. Online brokerage robin hood is offering stock trading outside the u. S. For the first time. The Commission Free financial Trading Company is launching in the u. K. In the First Quarter of next year. The cofounder and ceo spoke about his ambitions for robin hood with bloomberg. Take a listen. Excited about it. It is our first Live National the u. S. Side of an important market as weak try to execute our mission of the market has our financial system. Talk to me a little bit about white the u. K. Why the uk . Why come here first . A couple of reasons. I would say the market has discerning consumers that are sophisticated and have a long history of having access to financial tools. This is a culture more of savings and investing. We could make the barriers to entry lower. A less wealthy audience as well. Similarly to the u. S. Secondly, we have done a lot of customer research, talking directly to customers on the ground, in the u. K. Along with many other places. We have a sense that there is a ton of demand for the product. That somewhat proved out today with our wait list launch. And initialon acceptance and excitement has exceeded our expectations. That was a bombshell when Charles Schwab went c3. It seemed the only be a matter of time before these brokerages went c3. The way we think about it is our mission is to democratize the financial system. For us to his acute on that, it is not enough for us to offer Commission Free investing or the lowestcost, highest Value Services to only our customers. It is imperative that we force the industry to change and adopt our pricing and model so that every customer of any service has the best possible pricing. I think it is a welcome change. It is great for customers. I think there is a lot to be done. What is next in the globalization of the industry . In do you stay afloat keeping the customers you have and gaining new ones . We look at our mission as expanding our footprint in two dimensions. One is more products to our existing customers. Expanding from investing into multiple assets, multiple platforms and then going into any Financial Service customers might need. In the u. S. , we launched our Cash Management program. Allowing customers to really highquality spending tools and paying them interest on their on invested cash. U. K. Andnding into the that being a part of our overall Global Expansion to make highquality awesome tools, delightful tools available to customers worldwide. That was the robin hood cofounder and ceo. This week, demolition on the future tsx Broadway Building in times square begins. The 2. 5 billion project is led by this company. The chairman and ceo, David Levinson tells bloomberg they content andve g record speeds. Is discussions of five g in times square. This will be one of the most robust areas of five g. This platform we have right here , some of our neighbors will be participating in that 5g experience. When all of that happens, it will be happening here at the grandest scale in the world. Will this be happening around 20 or 20 going on 2020 or 2021 . One thing i was reading is that it is not just the technology question. There has been a really robust global conversation about the competitiveness of u. S. For broadcom. That is a real estate problem because you need self power. Talk to me about what that is like when you get into the zoning aspects of it and the local politics of getting Something Like that accomplished and done so that 5g can be here and allow the effects to be what you envision them to be . The discussion is going on. I want to be really careful about that. I can tie your that the community, the authority, the Times Square Alliance, our neighbors, there are preparing for that. This building is essentially an antenna to broadcast and receive information. Wifi capabilities throughout times square will be unmatched. I think it is all in the planning, the discussions. It is with us and our neighbors in the Times Square Alliance as well. That was David Levinson. Tim cook, trump meets in austin, texas for a tour of the apple factory. The topic of conversation is tariffs. We will have the details next. This is bloomberg. When you rest on a leesa hybrid mattress, bedtime is no longer simply the time you go to sleep. Its time to switch off and catch up. Enjoy me time, and we time. 40 winks or 8 hours solid. The leesa hybrid mattress combines two technologies to give you deeper rest and rejuvenation. 1,000 pocket springs provide edge to edge support, responsiveness and comfort, while premium foams relieve pressure. Keep you comfortably cool and limit motion transfer. Leesas hybrid mattress is not only recommended by experts, experts choose to sleep on it too. Try it yourself in any west elm store. Or order online and well ship it to your door so you can try it risk free. The leesa hybrid is american made. Built to last. And, because Everyone Needs a place to rest, we donate tens of thousands of mattresses to those in need. Experience the leesa hybrid mattress. Right now, its on sale. Order today. Go to leesa. Com. Taylor this is bloomberg technology. Im tailoring in san francisco. On wednesday, Donald Trumps effort to tout Economic Growth clashed with his tariff war. Visited an apple factory in austin, texas, where discuss keephim to an eye phones free from tariffs. I want to bring in bloomberg technologys mark gurman. Give me your thoughts on how the meeting went between tim cook and President Trump. Mark i just watched it. Tim cook was there with trump. Ivanka trump was there. As well as executives from flex, the facility where the computer is being built. Tim cook basically walked trump around the facility, talked about the components that go into the mac pro and how its final assembly is in austin, texas, while the components are built in china, they are imported from texas. The big news moment that happened is when bloomberg asked President Trump if this is going to lead to some sort of exemption on overall china tariffs for apple, and trump said that is something that his administration is looking at. You saw aftermarket stock moves of 0. 6 , which is significant for a company with a market cap of over 1 trillion. If trump wouldve put in some sort of waiver for apple, that would be extraordinarily significant because december 15, that is when tariffs were going to kick in for the first time on the iphone, with degenerates generates around two thirds of apples revenue. Taylor we know tim cook was meeting with him to talk about keeping mac and iphone off the tariff list. The problem you have is you have samsung its a Great Company, but it is a competitor for apple, and its not fair because we made a great deal with south korea, but we have to treat apple on a somewhat similar basis as we treat samsung. Taylor we have a trade deal with south korea so we have to treat apple similar to samsung. Explain. Mark what the president is trying to point out is apple produces the majority of its products in china but is an American Company. As an American Company, they are impacted by those tariffs because the products are built in china and exported to the united states. The difference is south korea is a huge competitor of apple and it is a company not based in america and they produce the majority of their devices outside of china. The point is apple, an American Company, is getting taxed a High Percentage on its products, whereas samsung, apples biggest competitor, is a Korean Company are not getting taxed. Hes pointing out that