Conversation does not have tapes of his conversation with james comey. An earlier trump tweet suggested they exist. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Parenti and this is bloomberg. Bloomberg technology is next. Emily i am emily chang. This is bloomberg technology. Drone diplomacy at the white house. Highlights from President Trumps meetings with tech executives and their advice for him to come. Plus, a new era at uber. The final moments leading up to Travis Kalanicks resignation. Who was responsible for the oust, and why. Preparing to go public, we are at the internet conference in berlin with one of the biggest investors. First, to our lead. President trump continues to welcome u. S. Tech leaders this week to the white house as part of an initiative to get the government equipped with the latest technology. Todays meeting was around emerging Technology Like drones and the internet of things. Among attendees, outgoing at t ceo and venture capitalists, steve case. Main message,ps remain number one in technology. For more, i want to turn to toluse olorunnipa. What was the main takeaway from the meeting today . Toluse the president wanted to talk specifically about how to make sure america is number one in emerging technology. Drone industry. There were several ceos from Drone Companies and the president got to see some of these drones in action. Usually we hear the president talking about the need to get rid of regulations. Some of these Drone Company ceos said the white house and federal government need to put inappropriate regulations for the Drone Industry so they can expand. The president was hearing some messages from various ceos about how to keep the u. S. Number one in various emerging technologies, because other countries including china, are pushing ahead with some of these technologies. That was something the president listen to and said he was willing to accept recommendations and move forward. Emily shortly after this meeting with the tech ceos, trump posted a tweet confirming he does not have tapes of his conversation with former fbi director james comey. I wonder, is the message from tech we getting lost with Everything Else going on . Toluse that is a great question. It is supposed to be technology week. The president had a meeting with top ceos. But after the meeting he went on twitter and stepped over his messaging, talking about tapes and this mystery that has been delayed over weeks and weeks after he originally tweeted james comey should hope there are no tapes of the conversations between those two gentlemen. Now the president is saying he did not release any of those tapes. He raised more questions over whether there are other types of illegal surveillance going on within the white house and the west wing. The president did seem to step a little bit on his message. The white house wants us to be tech we can people to focus on what the president is doing about technology. His use of technology with twitter is getting in the way of that a little bit. Emily i cant let you go without talking about the other big topic in washington this week, the health care bill. Tell us about the momentum in the chances you see for this actually passing. Toluse this bill has been crafted behind closed doors. They were finally able to put out a draft version. Trouble running into because they only have 52 republicans and need 50 to vote for the bill. Theyre been several republicans on the conservative and moderate side that were unhappy with the bill as it stands. They want to vote on this in the next week, but it looks like they have an uphill climb. The president even saying the bill needs to be negotiated, meeting changes before it is ready for his signature. It is interesting to see if republicans can rally around the bill at some point, make changes, and get 50 votes. It will be a tight margin if they are able to do it in the next week. That is the timeline they are looking at. Emily thank you so much for that update. For more on this drone meeting with President Trump, were joined by caprice ceo George Mathew from washington, where he attended the meeting. Strongnded had hardware and software services. Give us some color from inside the room and how it all went down. George good afternoon, emily. It was a great meeting to spend time with this administration. Of the administration and this specific area of American Leadership in emerging technology was to drive into three key aspects of emerging technology. One was drones, another was a 5g, another was iot. Dronentext of the discussion was around three seminal areas where regulatory policy stands and how to drive efficiency in terms of regulations. Second, Technology Innovation that occurred in the drone space. Andourse, the Safety Security surrounding grounds. Timed an ability to spend with the president and administration, discussing these key areas, and dive into the details in terms of how this continues to evolve, the commercialization of the drone market. Emily we have video of you showing a drone to the president. Moodwas President Trumps in general, and his level of interest and knowledge of drones . George he was very focused on the topic. He was very much aware of the conversation that was emerging in the drone space. We had an opportunity for the first time, to bring a drone into the white house, and walk cases. The kespry use we have been focused on industrial use cases where construction engineering, insurance, mining and aggregates can take advantage of analytics generated from the drone we built. Manufacturing this drone in the United States and being able to provide a full Cloud Infrastructure that supports our users, and being able to introduce one of our construction users to the president , was quite a seminal omen for kespry and the Drone Industry. Emily did trump give indications of his plans for supporting Technology Going forward . Whether it is for consumers in general use or the military . George we really spoke on the commercial aspects, at least for kesprys industrial use cases. The entire focus for this working session was on commercial use of drones. It was interrelated in the fact that iot and expansion of 5g broadband is defining where the future of these technologies are going to go. In my view, the drone is the new sensor network. The interrelationship of these topics was quite seminal for us to have this discussion with this administration at this time. Emily there continued to be safety concerns around drones. What was your message to that for President Trump . George the industry itself is focused on safety and selfregulation. Today, weabout kespry have hundreds of the country in the world. We have over 25,000 flights we have safely and securely done. We have actually been one of those key players in terms of being able to autonomously drive the safety and security of these commercial use cases that we have been focused on. At least in kesprys case, we have not had concern over the need to pull the rate safety levers in place as regulation continues to evolve. We are considered one of the good actors. There are bad actors in the middle of this. That is where the focus, particularly from a security standpoint for drones, should continue to evolve. Emily what are the next steps, especially considering the faa . George it was one of the things we talked about. Law of theing the land in october 2016, we have a framework to operate in. Below 400has to fly feet of air space, it has to remain within line of sight, you examto have that part 107 past. If you are flying outside and airspace, you have to get a waiver. That is perfectly normal. The challenges, waiver today is a manual process that takes over 90 days for anyone to get a waiver to commercially fly in u. S. Airspace. That is a huge challenge. It is not a question of whether the regulation is right, it is a question of how to automate what is. Already in place what is already in place. Emily steve case, the venture aboutlist, posted deflecting criticism he was attending this event at all. What he do think it was important to go visit President Trump . George on a personal basis i thought about that quite a bit, considering my friends close to me in silicon valley, and the politics surrounding this current administration. Policy, was about understanding how to progress forward in terms of commercialization of the drone space. In that regard, we had an opportunity to represent not entirespry, but the sector in this discussion. We were delighted to see this administration continue to push forward in terms of driving this innovation around american technology. Emily kespry ceo George Mathew in washington, just out of a meeting with President Trump. Thank you for joining us. The Worlds Largest manufacturer of iphones prepared to invest 10 billion in the u. S. Foxconn next month will begin with a decision on where to build a 7 million displaymaking plant. There are seven states in the midwest for the factory could be built. They could create tens of thousands of american jobs. Coming up, we go behind the scenes at uber after Travis Kalanick steps down. Breaking down the shifting power in the board room, plus a campaign by employees to bring the controversial ceo back. Bloomberg techs Live Streaming on twitter, check us out. This is bloomberg. Emily sean parker has a step down from spotifys board of directors. He was an early spotify investor, joining the service in 2010. Plenty of heavyweights will remain at the company. Including former disney ceo, stag. The Worlds LargestMusic Streaming Service will go public on the New York Stock Exchange this year. You developments in the wake of Travis Kalanicks exit as ubers ceo as the ridesharing start up tries a new chapter, we have new date Details Behind his exit. Eric newcomer joins us now. We have been getting more and more details about how exactly this happened. Two investors flying to chicago to deliver him a letter. Tell us what we know now. One who is on the board until recently left his two partners, peter and matt, flight to chicago to meet travis at the wrist and hand deliver him this and handdeliver him this letter telling him to resign. The letters got travis out. Emily what was it that convince them this was the right decision, after all these years . Eric there is so much. Case troubled a lot of people. At the handling of waymo came up and it. There are legal issues at play, too. Uber just hired a law firm to defend it in the civil case in the indian rape and the handling of the womans medical records. It is a troubling allegation. Emily another big issue according to my sources, was scuttledis kalanick any potential plans to bring in new talent. He would intimidate coo candidates in interviews and they would walk away saying, i cant. Eric he wanted to be the central hub of the company. There had of finance was very effective, but was not very senior. Travis resisted bringing in a serious cfo. Similarly, concerns about the coo he was supposed higher and whether he would get highcaliber talent that would draw attention away from him. Emily he wanted to clear the way for new leadership, a new ceo, and start fresh. There is a Board Meeting happening today. We know anything . Eric it should have just ended or is ending. Were still waiting to see. Trujillo should be there. The board is changing, even though the firms are staying the same, the names are changing. See ife interesting to some join it. They still need more people. Emily there are still independent board seats open, right . Eric yes. The board has approved an independent chair. Needs to join. I think eric camp is on the board. He wrote a letter saying they need board cant board members. Eric camp is founder of uber and current chick chairman of the board. There is a letter from employees asking travis be reinstated. Eric at last check, 1400. That is 10 of employees. Very upset travis is gone. Recognizing his flaws, but they really bought into the message of, travis can reform and come back. He is so core to the identity. Emily any chance he can be reinstated . Eric very unlikely. E is on the board right now i think the question is, could he have another role it is not clear. The coming ceo is very unlikely. Emily there are new allegations Travis Kalanick knew that Anthony Levandowski stole files from alphabet a year ago. What do we know about this . Eric we are still learning. At that came from waymo. A lot of questions will be asked about what travis knew, when. It will be a continuous theme as we go forward, figuring out why he would buy this company where it seems like in retrospect, there were so many red flags. Interesting. I know you will get right on the phone after this for new information. Thank you. Emily we bring you an exclusive interview with Oliver Samwer, what he says about 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 the internet founders at toa event. Excitement around a food delivery started. Caroline hyde caught up with a rocket internets Oliver Samwer. Rocket owns a 35 stake in delivery heroes . They must be easily awaiting germanys 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. Alando, when rocket went public. We have seen the shares up some 15 . They have a lot of proving to do to the market. They are expecting an ipo in excess of 1 billion. A nice chunk of change to 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. They have done a fantastic job. There were 5000 people. I hope it will inspire many toer european onto the norse build bigger businesses, create more jobs, and tell other people show other people. Caroline how much advice have you given . You are an investor going public. We bet first on entrepreneurs. We want them to make the decision. You are always there for advice. We talked a lot on the ipo. Lessons ony provide right, wrong, how to handle investment banks, lawyers. There are hundreds of more details. If this company goes public, it will be their success, and i wanted to be there success. Caroline what about the folio companies you have . Tore is an aim now for you ensure they potentially become profitable, is that the way they want to see startups now . There is a dialogue change, we do not want to be just revenue growing but bottom linegrowing, as well . They want to reach critical scale to break even to have operational leverage. Companies have been operating for many years very close to the scale. I think they make tremendous progress. T will be their choice i encourage companies to think longterm and make the right choices for the longterm, as many Successful Companies have. Putting where is money to work for you . What excites you, can you break it down by sector . We started in consumer, moved to software. Now we say all sectors. Anywhere you can find really good entrepreneurs. Ecommerce, b2b, we look at autonomous driving, mobility. We try to find amazing entrepreneurs and all sectors, emerging entrepreneurs and emerging technologies. That is what were looking for. Caroline that was my exclusive rocket internet ceo Oliver Samwer. We will have more from the noah conference in berlin. Emily thanks so much. We will get back to you. Com a deal, jd. Forges an alliance between chinas secondlargest ecommerce player and the Online Fashion shop time, trying to boost itself in one of the largest growing markets. Mark zuckerberg outlines a new Mission Statement. How the social networking giant wants to be seen on the global stage. This is bloomberg. Alisa i am Alisa Parenti in washington. Youre watching bloomberg technology. Nearly all 3 million citizens in the u. K. Can stay after brexit. At promise from theresa may, who wants to offer them certainty about their future. The u. K. Prime minister spoke at a dinner for e. U. Leaders in brussels, saying she is not looking to break up any families. She is seeking a similar deal for brits in teh bloc. Angela merkel says it is a good start, but work remains to be done on brexit. Nikki haley once the International Community to take action and venezuela after three month of deadly protests and political unrest. Venezuelas u. N. Mission rejected haleys call, signed by 57 countries, opposing interference. In france, president macrons government won it to beef up police power against extremist threats. They want to extend frances existing state of emergency through november 3. Zuma sparred with lawmakers in parliament over the countrys recession and his job performance. Calls foraced resignation from his ruling party. Gathered atmourners a high school in ohio to celebrate and remember the life warmto warm beer, otto who, the College Student was imprisoned in north korea and return home in a couple in a coma. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am