And it is the biggest gaming event of the year. We will take you e3 in l. A. But first, to our lead, after years of speculation, apple is finally lifting the hood on its car ambitions focusing on the , technology that makes autonomous driving possible. For the first time ever, apple ceo tim cook spoke about apples car ambitions in an inclusive interview, and also discussed the companys outlook on china. Take a listen. Tim china, for us, we make our decisions for the longterm, and so we are not investing for next quarter or next year. We are thinking about many, many years out, and as i stand back and look at china, i see megatrends there that make china an incredible market. I dont just mean a market to sell in. I also mean a market for Application Developers. We have 1. 5 million Application Developers in china now, probably closer to 2 million now. So it is an incredible marketplace for talent and in terms of the size of the marketplace. So, the shortterm kinds of economic moves up and down, i dont get too excited about. Emily how realistic is it to expect that doubledigit growth for apple to continue in china . Tim i think i said last quarter that i think we will do better this quarter than we have the last several. That doesnt mean that we are growing doubledigit or that we are going to grow. It means it will be better for a year over year than the previous ones. And i feel pretty good about that. Iphone 7 is the most popular smartphone in china. Last year, the size of our business was almost 50 billion in greater china. And so, we are going to stick at it because i think china is a over time. Unity emily how would you characterize tim cooks apple versus steve jobss apple . Tim i guess i would point out that steves dna will always be the dna of apple, or certainly as long as i am ceo and i think as long as anyone is, honestly. I think it is deeply embedded in the company. Obviously, things evolve over time in some other areas as they would have if you were sitting here interviewing with you today. Clearly, i am sure, there are some things, but that is probably a better question to ask somebody that worked for both of us. [laughter] emily you said cars are an area ripe for disruption. How important is it that apple not miss out on cars . Tim i think there is a major disruption looming. Not only for self driving cars, but also the electrification piece. If you have driven an all electric car it is actually a , marvelous experience, and it is a marvelous experience not to stop at the filling station or gas station, or whatever you want to call it. Plus, you have ridesharing on top of this, right . So, you have got kind of three vectors of change happening generally in the same timeframe and so, as we look at it and what we are focusing on what we talked about focusing on publicly, is the are focusing on Autonomous Systems and clearly, one purpose of Autonomous Systems is self driving cars. There are others. And we sort of see it as the mother of all ai projects. It is probably one of the most difficult ai projects actually to work on. And so, autonomy is something that is incredibly exciting for us, and but we will see where it takes us. We are not really saying from a Product Point of view what we will do, but we are being straightforward that it is a Core Technology that we view is very important. Emily you are working across so many different platforms, whether it is tv, the watch, the ipad, the mac, the phone. What do you see now as your vision for the future of personal computing across all these platforms . They great thing is are all built on the same Core Technology, right . But we have thought through how they are used in the experience that is needed to get the best experience for the user in each of the cases. And so, out of that came watch os, tv os, mac os. We think that when you begin to lowestthe risk is the common denominator kind of approach, and we are staying away from that. I know others who have a different view, but that is our view, and we are straightforward with it. Tv, we wanted to give an update that amazon is joining the tv app, and all apple tv is and all apple tvs later in the year and we , will have more to say about what were doing in that area later. I will keep you in suspense a while, there. Emily that was our exclusive conversation with apple ceo, tim cook. And our interview with capacity commentary and Research Notes , of tesla were downgraded in may and the concerns were reiterated after hearing the interview. An executive publisher called me to discuss carmakers having to make room for apple. I think eventually it could lead to the apple car that we have all been thinking about and hearing for five years, different rumors. In the near term, it is more likely to lead to collaboration between apple and current carmakers, similar to what waymo , which is part of google, is already doing. And i do think you could easily see a world, where just like our phones are almost all either androids or apple phones, we could have a circumstance where our cars technology, especially the autonomous versions are all powered by apple or googlebased technology and operating systems. Emily and so as apple , potentially goes to market, do you see them partnering with a manufacturer, Licensing Technology to a manufacturer, or more likely coming to market with a car of its own . Karl probably all three in sequence. I think they will partner with an automaker, and helped to start empower their own Autonomous Vehicle systems and eventually they could become a final producer, a final holder of car design that the automakers make for them, essentially making the automakers a tier 1 supplier for apple. Emily there are two mobile operating systems that are dominant ios and android. Do you see the same for cars or more . Karl thats a great question. I think we could end up with more at least initially. I would guess we could end up 10h summer between five and at the initial stages of Autonomous Vehicles, but then it would get peeled down to maybe two or three, kind of like our phones are now. I think that is likely what we will see in the next 10 years. Emily apple is pretty far for all we know is pretty far behind. This is something google has been working on for a long time. Can apple really catch up . Karl i think they can because it is not like the hardware it is not like the hardware situation or like a carmaker. If youve got the brain trust if you got the brain, trust, and the focus on the Technology Side you can get there pretty , quickly. You have to be careful how you do it. You dont want to take information from other Companies Already working on things. We know some other players are now claiming that is what happened to them. But i think apple has been working on this for years, and they have changed direction on how they want to execute it, but i dont feel like they are starting at ground zero. They have a lot under their belt. Emily after a month of negative headlines and serious investigations into harassment, uber ceo and founder takes a step back from the company he founded. We discuss the fallout. And later, it is at hottest ticket in gaming. We hear from the nintendo president and take2 ceo from the e3 conference in l. A. This is bloomberg. Emily uber founder and Ceo Travis Kalanick is taking a leave of absence from the Company Without disclosing a return date. In the interim, the company will be managed by a Management Committee and the board will move to diminish kalanicks role when he comes back, by giving responsibilities to an operating officer a position , for which uber has been actively recruiting. He wrote a memo to employees and for uber to point out to succeed i need to work on travis , two point become the leader this Company Needs and that you deserve. A managing partner at greenbrier partners and former head of medications at uber gave their reaction to the news and talked about what comes next at uber. It all sort of began with susan ballard, the Software Engineer at uber who wrote a blog post detailing her Sexual Harassment allegations in the general culture of dysfunction at uber. That lost an investigation which that launched an investigation that culminated in a public report of the conclusions of today and this past sunday of more private and exhaustive version to the board of directors. And now, travis is stepping aside right at the same time. So really, sort of taken aback by some of the results of the report. Emily more than 20 employees have been fired as a result of this investigation. The head of business is out. Now, traffic now Travis Kalanick is taking an indefinite leave of absence. What is your reaction to this news having worked there and knowing travis firsthand . I think today is bittersweet for a lot of employees. Its great news for the company overall. Emily why . There are hopefully a lot of things coming in the future. We want the company to get back on track. We want some of the positive news about the company to start coming out, and we want to look towards an ipo. That is what the former employees are thinking about. I dont think we can get there until we start course correcting. It is a watershed moment. The flip side of it is travis is wonderful. There are people there who really believe in him. Most of the company does. He is brilliant and he founded the company. So it is sad for him to be , leaving. Especially at such a critical time. Emily did you see Early Warning signs about the Company Culture and challenges that might lie ahead. Were there any attempts to course correct years ago . Yeah. I think the company has been growing dramatically over the past couple of years. There has been a lot of course correction. The reality is there is over 14,000 employees there now and half of them joined in the last two years. So, it is pretty hard to say that there is a bad culture with 6000 employees that were not there at the beginning of the companys founding. I say there have been a lot of changes, but probably most of what we are seeing now happened a long time ago. Emily eric, talk to us a little bit about this leave of absence. Is travis coming back and when . Eric there is a lot we dont know. At first, we heard it would be three months and now it is described as indefinite and we dont really understand how the Management Committee is going to run when they have to decide how much money to invest on Autonomous Cars and who makes , that decision, that is not clear. Some of it will definitely go to the board, but i think a lot of people are just waiting for this chief operating officer, less become a mystical figure. Whoever that person is, we need them to make these key decisions. So, i think it is sort of a Holding Pattern in truth until they can find that person. Emily do you think travis leaving is the right call . I think right now it is the right call. We cannot underestimate how tragic the past few weeks have been for him in the personal toll it has taken. One of the worst things happen to him that we can imagine happening in his life, he needs to take the time. But he needs to steer the ship. Emily his mother was killed in a tragic boating accident a couple of weeks ago. As for the coo, they have been looking for this person for a long time, and it has been a typical search because not only do you have find somebody willing to take the job, but someone that travis excepts. Who do you think this mythical person is was to part who is this mythical person to mark . Uber is a Multinational Corporation and me to be looking at fortune 500 companies for the type of leadership and that is probably who we will see coming in to help course correct. Emily do we have any idea of who they have been talking to . We reported investors were interested in people like tom staggs, the old ceo at disney. I think that is more reflective of a category of person that any particular likely candidate. There have not been a lot of weeks about it. They have been able to keep the search quiet. But, maybe what does that say about what is to come . I think there is an expectation that hopefully this will calm that this will come relatively soon. But there isnt much i can say and we are all waiting to see. Emily on that note, the executive bench is not very deep as part of the problem. They dont have a cfo, they dont have a coo. They needed general counsel. Emily exactly. Exactly. So, how do you imagine a Organization Running by Committee Without people in these key roles . Again, i think it is important to look at uber not as a startup, but a Multinational Corporation. Who is managing the 14,000 people stuck out there is a bunch of Department Heads doing excellent jobs and making money for the company, expanding to new markets, running the business. I think those people continue doing what they are doing day in and day out. Emily do you think travis will come back . I think it is good to look at other Companies Like uber. So, at google, we had to amazing founders who changed their roles dramatically, but are still very involved. I think that is a good model for what happens next at uber. Emily that was lane kasselman and eric newcomer. Meantime, automakers are seeking permission to put more experimental of driving cars on the road to speed up development. Car Companies Like ford, gm, and toyota are asking congress to expand the cap on how many cars can be deployed under waivers from safety regulators. This according to the alliance of automobile manufacturers. The automakers are also asking congress to clarify state and federal oversight roles and update vehicle regulations that implicitly require a human driver. Coming up, our exclusive interview with the london mayor, and how he expects brexit to impact the london tech scene. This is number. This is bloomberg. Emily this week, tech leaders came to the u. K. Capital to celebrate london tech week, celebrating londons role as a leading global tech hub. In the citys mayor, sadiq khan has big plans to push for more , innovation. Caroline hyde spoke with khan and asked his vision for the future while addressing brexit and his relationship with president trump. Mayor khan im really excited. It is europes largest tech festival and it shows london as a hub for adjuvant doors and as a hub for innovation and entrepreneurs. Since brexit, we have had companies from facebook to google, snapchat to square announcing record mayor khan i dont want the world to think because we voted to leave the e. U. The country that we are going to stop being openminded, outward looking, that somehow we will change and become inward focused and the world must recognize that is not the case. London was the one region in the country that voted to stay in. One of the things i am doing is negotiating with the government a different deal for london if we can. In the meantime, we will be open to talent, innovation, aspen innovation, to entrepreneurs. We are open to different backgrounds and different ideals ideas, and that will not change. The key thing for us is to make sure the government recognizes the immigration deal. I respect that people in other parts of the country voted to leave the e. U. And one of the reasons was concerned about immigration. Parts of the country do not want immigration. London voted to remain in the e. U. We need immigration and talent. That weas to recognize contribute hugely to economic growth. If they want us to carry on being a success story, we need to attract talent. Caroline are you able to do this in the current political environment . Mayor khan well, what i am hoping is that theresa may and the cabinet recognize the results of last week cost general election. An country has rejected extremely hard brexit. Does thent government has to recognize that, otherwise, they will be forced to recognize the consequences. The consequence is not good for anybody. The consequent is not good for the government or anybody. The consequence is businesses are not choosing to come here and it is not good for the government or london. Caroline you were just referencing an old adage that was david camerons. Mayor khan being in london is a fulltime job. I am not sure of other peoples priorities. I do not have time to deal with tweets from trump. My views on donald trump have been consistent. The moment theresa may decided to invite donald trump on a state visit and offer him the red covered, i said it was wrong for a number of reasons. Wrong because of his views and wrong because of him changing the longstanding, well respected policy of the usa relationship to refugees. And a whole host of policies that he has. At the time, i said the red covered was not the right thing to do to be rolled off the donald trump. We will see what happens. Emily that was londons mayor sadiq khan with bloombergs caroline hyde. General electric shares rose in tuesdays session after the Company Announced jeff is stepping down as ceo. He will be replaced by john flannery, ending a 16year tenure in which he dramatically reshaped the manufacturing powerhouse. During the Facebook Live chat tuesday, flannery encouraged his staff to finish what his successor started. Weve got a track record we can be proud of. We got a window into the future where we will be even better. Begun to build on our strengths, and make sure we are known as an Execution Company and deliver for all of our constituents, including customers and employees come and shareholders. They own the company at the end of the day. We are the vehicle to get there. Emily just last month we spoke to ges cfo who, with these changes, will become vice chairman of the company. Here is what he had to say about the big picture at ge. We are a global company. We serve global customers. We have a Global Workforce and that is the co