Former governor jeb bush is no longer interested in buying the Miami Marlins and has ended his pursuit of the team. By more than 2700 journalists in more than 120 countries. I am a lissa parenti. This is bloomberg. Emily i am emily chang. This is bloomberg technology. Fires an, uber engineer, in its dispute with waymo, and the road ahead for cars. Riverless and getting crushed by walmart in sales come why investors on thee to double down growth trajectory of the ecommerce giant, amazon, and biggest rivals, how the chevy volt stacks up against the competition, and what mechanics found after stripping down a car, but first, to our lead. Uber, announcingof it has fired the former head of its self driving car unit, anthony live in dell ski ski, who wasndow recruited by uber in 2016 after a long stint. It was alleged to be stole trade secrets and patents for the development of self driving technology. Invoked his fifth amendment rights, which has made it more difficult for uber to defend itself. Reporter isxecutive here. Brad, why now . Really abouthis is 14,000 files, files that were allegedly surreptitiously downloaded by anthony from waymo. The judge said he had to turn over these fires, and those files, and he declined to comply, perhaps because something about them was incriminating, so it is interesting. It turns what is really a wparty case into really a threeparty case. We have waymo and uber. Ubersdoes this hurt case . Whetherare waiting for or not this meets the criteria set up for the injunction. The judge could come out and say, ok, you fired him. We do not have any evidence. They said previously that the waymo case was pretty strong, but there was no smoking gun, so it seems like ubers lawyers know what they are doing. Right now, it is really clear. Emily and is there any chance ewandowski could be prosecuted . Prior to their february lawsuit against number, he hired his own lawyers, criminal defense lawyers. Emily now, he says he has been forced to choose between his job and his constitutional right. Does he have an argument there . Not a legal expert, but, you know, perhaps. Cars so ubers driverless , do they really need him . Become so identified with uber and their driverless car efforts, but you have the person who has replaced him of the driverless car division from carnegie mellon. They have hired other folks. One from the university of toronto. In toronto,. Lab and for uber, the optics of this look so bad that it will be increasingly difficult for uber to hire folks. There is amark, trial on track for october pit what is next year . Brads point, experts say they are years if not decades away, so there is a chance that number might turn into more of a partnership model. He might try to reach out to more carmakers, and, of course, is in talks with waymo for a partnership there. This case with the a lot of movement. They also have the massive investigation into their. Arassment issues they have to do with a lot of other cultural issues. Brad let me add one thing. There is always the possibility that these companies settle. There are reasons for them to work together. It does appear that this case has really been about the founders, also about larry page personaly brin with a vendetta against one of their owski,ees, anthony levand and perhaps it is the beginning le allies asg opposed to adversaries. The mother that was killed in the horrific hearts accident, so our go out to them at this time. I do want to ask though, brad. The Sexual Harassment investigation, the results that are coming this week or next week, i we expecting any delays . As i know, eric holder, the attorney general, was set to deliver his report to the cooper board of directors. It was not expected that a report or a redacted version of it would become public until next week. I do not know how much it will slow down the investigation. Emily do we know which way the investigation is leaning . No, we do not, except that we know that he talked to hundreds of employees and that he delayed the report because of the response that he had gotten. I expect it is going to be tough for uber. Emily all of these issues piling up, how does it impact the uber brand . In this timidity, very much so, but when you step outside the bubble, perhaps in this community, very much so, but when you step outside the it is affecting peoples lives and other ridesharing companies. It is a weird paradox. Hiring has probably gotten more challenging. It is affectingbut this is a sa company that people love and that they have made a bigger part of their lives. Emily all right, we will be watching for more on this Sexual Harassment situation next week. Brad stone and mark. 29yearolding a russian man facing charges of hacking American Companies, including a linked in and drop box, being extradited to either u. S. Or russia. He was arrested in product in 2016 and has denied any wrongdoing. Prague. S arrested in urged him torities falsely testified that he was part of the russian hack on the Democratic National committee in exchange for money and a life in the united states. Coming up, the race between amazon and our quebec, 1000 per share. We will take a look that. And check us out, 5 00 p. M. In , 2 00 p. M. In san francisco. This is bloomberg technology. Emily out of europe, an Investment Firm bought a 5. 6 ericsson, valued over 1 billion according to regulatory filings. The move will likely push the Wireless Network for to accelerate costcutting in its underperforming businesses. They have signal plans to appoint one of its managing partners to the board. Meantime in the u. S. , stocks returned from the holiday oneend, and the s p 500 had breaking a sevenday street. Abigail doolittle joins us now in york with more. , what stocks stood out today . Downil overall, finishing ever so slightly, but the nasdaq 100 actually finished fractionally higher, up more than 1 10 of 1 , putting it on its eighth wedding day in a row, the longest winning streak since february, and very exciting, putting on its eighth winning day in a row. Micron was one such stock, with Morgan Stanley raising numbers area once again, he thinks the pricing their looks really strong, adding a bit of a tailwind to nvidia, but then we another stock going lower, and we had some of the chinese internet stocks trading lower, helping to explain why the nasdaq itself finished down ever so slightly, but we have one other bright spot, and that is tesla with another record high. We have a great chart of this stock all of the way from the ipf back in 2010, and look at that. The stock is up more than 1800 . Maybe just technical momentum, but those gains over the last years, emily, really speak to the investors cheering elon musks vision and passion for the market. Emily all right, amazon testing the 1000 milestone. What happened . Abigail a lot of people were talking but amazon and alphabet. Morning, just lightly above 1000, and here we have another great chart from amazons ipo. Look at that. 51,000 . This really reflects the company move into the clouds, the web services, plus their dominance in ecommerce. Speaking of that, lets take a look at a chart in the bloomberg. 1376. S we have the market cap of walmart, so traditional works bricks and morta rs, and in the last two years, amazon has shot higher. Not only performing well, but for the future that ecommerce will continue to be the rage seems to be crushing to some degree the retail sector, but very interesting, emily. This massivehave market cap, around 400 80 billion, but this is another one. 0 billion, but this is another one. The largest market cap in the world, and look at amazon, the fourthlargest at about 480, phabet ando have al berkshire hathaway, so those are the largest market cab comanies there. Emily . You, abigail doolittle, for that report. By a guestjoined from seattle. What is your take in this . It is a big milestone, and arbitrary one but one that people still get excited about, and they are up about 41 so far this year, about triple the pace of the s p 500, so it is definitely a standout stock, and categories, big like apparel and groceries, that investors are hoping they will be successful there, like they have been in books and electronics, and then the other business line that is exciting investors is the cloud. This is another thing where they position, and those two things have investors excited. Emily i wonder, is it any one that is the whole driving this, whether it is cloud for prime or investment in brick and mortar or the fact that amazon has all of these thats placed in so many lines placedall of these bets in so many lines of business . They are pruners. Cant shows promise, they put a lot behind it, or if it is a category at is worth sticking to, they can stick with it for a long time, and also, things like grocery and the cloud, grocery has very low on my penetration right now, but it is an 800 billion category, so even picking up a small slice of that is still big revenue for them, and the cloud is the same thing. They are in a dominant position, and there is more of a shift. Islic cloud spending expected to close in on 30 billion, so they are just in a lot of right places. Are investors so positive about amazon but so pessimistic about walmart . Well, amazon is executing and is in the right spot. Walmart is a established. Growing momentum is shifting online. Overall, retail sales only a few percent this year, versus 15 online, so amazon is in the right place and is executing well, and it is moving into grocery, which is walmarts sweet spot. That is where walmart gets about half of its revenue, so investors are just watching for amazon to take more and more of the Consumer Spend as a goes into more and more of these categories, including the mother of them all, groceries. Inwhat about the experiment brick and mortar, the bookstore . How big do you think that is going to be . Very measured, but they must be seeing something they like. They are getting in more cities, now, and then beyond the bookstores, they have driving kiosks in seattle. They just opened two of them, so they are experimenting with work and mortar. They realize they have to meet customers halfway and give customers somewhere to go to get things, that, again, the pace has been fairly measured, and that is going to be weather is a big standoff between walmart and amazon, is on the grocery front, and the brick and mortar grocery front with these driving kiosks, where you can easily pull in and have groceries you have ordered of yourut in the trunk car versus doorstep delivery, and that is where walmart has a big head start over amazon. Is amazon has an achilles heel, what is it . It might be what we just talked about, the work and mortar, and the brick and mortar, and they have their kindle readers, and the activated platform area these are things people have heard about but probably are more and will buying it if they can go to a store, see it and buy it. Bottom shelf treatment in some of the retail competitors, like best buy and staples and things, so they really neither own place to showcase their own products, and that has been their achilles heel, but they have to alex that, because a big part of their advantage has been have the but they advantage, because a big part of their advantage has been providing things. Emily spencer, who covers amazon in seattle, thank you. We are watching that escalated a battle in the market for highend computer processors, a company just item,ed a new powerful selling a new chip under a new brand aimed at gamers. They say their latest product has outperformed intel chips, and if you like bloomberg news, check us out on the radio. You can listen on bloomberg. Com and on sirius xm. Story we are watching, some directors did not follow up on the allegations about the validity of the technology at the center of the blood testing startup, sarah knows. Admiral and. Navy former secretary of state said in their positions that they did not question the him when he found her, alissa but about the matter. They did not question the holmes, aboutbeth the matter. And the u. S. Department of Homeland Security says a report that the government is shelving is absolutely wrong. The Trump Administration has reportedly opted not to extend cabins to laptops in include incoming flights from europe. They currently banned them from eight majority muslim nations. Homeland security secretary john only says they may ban them all International Flights in and out of the u. S. Admitted terrorist threats to bring down airlines, but a final decision has not been made. Tivo, are up for following a favorable ruling that could impact cable boxes. A judge found that comcast patents, andtivo both companies are expected to judgesa review of the finding. It should be complete by september. Coming up, on a tear, surging more than 100 in the last two months. . Hat is on the move and our new interactive tv function. Find it on bloomberg. You can watch us live, and an interview, you can go back to it, and you can play along with the charts we bring you on air. This is for subscribers only. It out on tv alisa i am in washington. You are lighting watching bloomberg technology. The House Intelligence Committee has subpoenaed President Trumps personal attorney. The move is part of an Ongoing Investigation into russias election interference and connections to the trump campaign. Vladimir putin says allegations of meddling in the u. S. Are fiction. Hes been with a french newspaper. He added that the people who lost the vote hate drug knowledge that they lost to a candidate with a better understanding of what people want. A 29yearold russian man facing charges of hacking American Companies can be extradited to either the u. S. Or russia. This, according to a court ruling. The lawyers say he has deniers denied any wrongdoing. He immediately appealed extradition to the u. S. Willinger Ariana Grande return to manchester sunday to fororm at a Charity Concert victims of the terror attacks. She just finished thinking last week, when a bomb exploded and killed 22 people. Former panamanian dictator manuel valls you got died. He served a 17 year drug sentence in the u. S. , and was set to face charges in the in france. He spent the last few months of his life in a panamanian prison for the murder of political opponents. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti, this is bloomberg. It is after 5 30 p. M. Here in washington. We are joined by paul allen. He has a look at the markets. Good morning. Looks like another flat started trading in australia. Asx futures down by third points. We are waiting on the reserve bank of new zealand stability report. Nikkei futures are also pointing down. Expecting expansion of Industrial Production for the month of april and may waiting for the bank of japans bond repurchase for june. We may see tapering hiatus as they yields rise. About. T of china has the Manufacturing Index is expecting to go down to 51 in april. Om 58. 2 the, watching out for repost out of china. Im paul allen in sydney. More from bloomberg technology, next. Emily this is bloomberg technology. Im emily chang. Bitcoin has risen more than 100 in the last two months, but critics say the Digital Currency is showing signs of a bubble. In the last week, bitcoin hit an alltime high only to slumped down. This is the kind of volatility ears worried. Joining us to break it all down is olaf carlson. Poly chain is a hedge fund back to buy andreessen horowitz. Also, our editor atlarge, cory johnson. We have seen really fast recently. Bitcoin this is an uptake coming from an industry that hasnt been moving as aggressively and the public radar in the public radar, but now that the growth in prices is closely tracking fundamentals, we are seeing uptick. Emily some people say bitcoin is like gold, a finite resource, and therefore not as interesting. Whats your take . Cory i think gold is fascinating, personally. That its true the way bitcoin is constructed that it is meant to be finite. It is harder and harder to mint coins out of that are out there. The scarcity value is an important part of the bitcoin plan. It has been from the beginning. For people in the bitcoin community, they feel this excitement. They know all the deals. They cant believe their parents dont understand what they are doing. So when they see the price that they can see as a validation as what theyve been working on. An element of a gold like fervent belief and rapid speculation. When you show the fiveday chart, you saw the really dramatic one hour 20 selloff in bitcoin, you can see it is speculative. While the longterm value of bitcoin may be in the eye of the beholder, the volatility is in the eye of the speculator. Emily ive been talking to investors who say bitcoin is old news. The new hot crypto currency is sdram called that it will bypass the market cap of bitcoin by the end of the year. Emily of all the predictions he could have made, that is what he chose. First of all, explain how they are different. Bitcoin has a programming language you can interact with the protocol. It is limited. In etheruem, developers building applications on the protocol, it is easier to work with. Richer e is a much it has driven the price growth. Emily let you agree with what fred had to say . I agree. Emily you think the market cap will agree . I dont know about that aggressive timeline, but i think in the long term. I would extend it one year. Emily interesting. Corey, what are your thoughts . The its interesting in way it uses a distributed network to embed security and ownership of ethereum. I think its fascinating from that regard and could have different use cases. Still using the general concept of block chain. The other problem is it is harder to use bitcoin. One of the big issues in the bitcoin world is how hard it is to close the transaction. The speed of closing a transaction in bitcoin is getting exponentially worse. Its been happening coinciding with big rises in price, but its hard to do in dealing bitcoin right now. We are showing a try that ship shows how long it takes confirmation. It is getting slower and slower. It may be a problem and that it actual coin itself so that bitcoin cannot get out of its own way. Theres been a lot of discussion of this in the bitcoin community. The fixes have not worked. The proposed fixes are challenging the nature of a coin bitcoin. Unless theres a solution, there , because real problem the transactions cannot get done. Emily what about the safety issue . We just covered this big wannacry, t