People. He says the move will raise about 800 million a year. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Emily i am emily chang and this is Bloomberg Technology. My see of the sun devils down on his quest for u. S. Consolidation. An offer for charter hanging in the balance. We will weigh all the options. The memo nobody missed from google. An engineers manifesto has gone viral. The backlash that hit resets on Silicon Valleys diversity problems. Netflix rolls the dice on its first acquisition ever. We will break down the back on the bet on superheroes. Softbank is back in the spotlight with earnings that helped softbank beat estimates. Good news for softbanks chairman and c. E. O. Masa Masayoshi Son. The billionaire is in the process of creating the 1 billion visions fund. The fund was included in the results for the first time. He says he considered various deal options. Joining us to explore all of the options in new york is cory johnson and our guest host for bob odonnell, president of technalysis research. How do you see the story softbank is trying to tell us the global dealmaker playing out . I think that is exactly what we are seeing Masayoshi Son do. He has talked about this for years. I worked for a company he bought about 25 years ago. It was a small hightech music magazine. Watching him over the years and seeing this vision evolve, he is driving himself to be the tech version of Warren Buffett internet interesting way. Conglomerateg this of Component Companies he sees as being critically important to drive this vision into the future. I think it is a smart plan. Not all of the bets will work but i think he is placing them in good places. Emily is eating Warren Buffett of asia is he the Warren Buffett of asia . What do you make of that . Buffett gross things without debt. This is the opposite. This is taking out enormous debt with tremendous risk on the debt. Thistors have looked at and thought he was near the edge of bankruptcy over and over again. These are big swings for the fences. Anything but low valuation. He is using a lot of debt to do it. He is trying very much to use politics as he used connections to make these deals happen. Think of the image of Masayoshi Son in the trump tower visiting president elect trump talking about the jobs he will create with his Investment Fund that he had already announced. At the same time, he is still thinking about the tmobile merger the Obama Administration said not would not be good for u. S. Consumers. He may have been thinking his personal appeal would get the deal through. Emily respond. There is a lot of question about whether he can pull off the deals. It is very ambitious. It is very ambitious. Im saying his goal is to be like Warren Buffett. [laughter] bob this approach is not on value. It is on buying the core components. People do not think about the fact he owns arm, the Semiconductor Company that has a two minutes tremendous amount of influence. He has internet, robotics. He is buying a lot of technologies. Debt is a big issue. I think he is being smart. He has what he calls his 300year plan. Even having a 30year plan these days is a big deal. I think he is making bets based on that vision. Emily we have been talking about a potential spread height sprinttmobile merger for years. How do you think this will play out . Half of the u. S. Mobilephone market is between two companies with virtually equal market share in at t and verizon. That is what tmobile and sprint are thinking about. When it comes to 5g, things will be very different in terms of who has the spectrum and who does not. Maybe there is a chance to rewrite the market share pie chart in 5g. It is also worth noting the comments he had this week to say. E wants to be number one as u. S. Consumers, we think about it in terms of how the government is looking at this. He wants to be number one. He does not want u. S. Consumers to have the best choices. He does not want u. S. Businesses to have the most options for providers for Wireless Services that will go beyond making calls or getting data. We have to think about what the business changes will be if we have fewer competitors in the u. S. Providing Wireless Service in a world of 5g when so Many Technology businesses will be based on the availability of 5g. If there are fewer competitors, prices will be higher. What will that mean for businesses and consumers and will be Trump Administration and seeut that Something Different from the Obama Administration saw . Emily this is a deal that could impact hundreds of millions of customers. Bob it absolutely could. Clearly, he will need to get all of the pieces together. The charter peace as well as tmobile and sprint to be a viable competitor to the other two. That is a big question if he can pull it off. I think in the current administration, there will be less pressure. It may be those things are brought to the table. There clearly are going to be challenges to consumers and other governmental entities may say this is too big to make this happen. Emily this is the first time we saw impact from the vision fund still being raised. What did you see in the results in terms of anymore indication about how it will be spent . The it is too early to see results of the fund under the umbrella of the larger softbank. We will start to see perhaps some fees. If you look at the history of sprint, you see a couple of bets that have paid off fantastically. Some of the Game Companies in sand scandinavia, alibaba. Such great returns from those investments so you can see why he has stars in his eyes and wants to pull it off again whether money with money from investors or sprint itself. Emily we will see what he has to say about the ridehailing business. Cory johnson, thanks so much. Bob odonnell, you are sticking with me. Tesla is making its debut in the primary Corporate Bond market. Elon musk bets on a more Affordable Electric car. He plans to sell bonds to support spending on the electric car. The sale will also bolster his balance sheet. Tesla burned through 1. 2 billion in cash in the second quarter. Coming up, it a google pleayees antidiversity enrages the company. Megan smith joins us next. Bloomberg technology is Live Streaming on twitter. This is bloomberg. Emily alibaba and marriott are teaming up to tackle the chinese tourism boom. They will set up a joint venture. Marriott has 6000 hotels. China is now the Worlds Largest source of outbound travelers who spent more than 1 billion in 2016 spurring changes across the global tourist industry. An internal battle over diversity at google has gone public. It began when a male engineer sent out a memo arguing google has a politically correct culture that ignores differences between the sexes and there are biological reasons he argued for the underrepresentation of women in tech. The google diversity chief has weighed in saying he made incorrect assumptions about gender not endorsed by the company. The argument exposes womens belonged struggle to make advances in the Tech Industry. Now from washington, former Vice President of google and former u. S. Chief Technology Officer and advisor to president obama, megan smith. Great to have you with us on this day. When you read this, what was your reaction . It is so offensive to see what this young man was writing, but it is helpful to see it in public. Many people working in Silicon Valley are experiencing this kind of microaggression culture coming from some of our younger who have these points of view and think they are correct. They are incorrect. It is wonderful to see the reaction. One of the alumni of google wrote a piece counteracting every single one of his arguments. It is insidious. Many people, women of all races, men of color, experience what i call death by a thousand paper cuts. It is personal. It comes at you. It is insidious and all around the culture. Times it issonal at hard to understand what it is almost classaction if you can see the pattern. Emily you are an engineer. For anyone who believes there are biological reasons for the underrepresentation of women in engineering, please put this to rest. It is a lot of mythology. Vest ran a study with a lot of universities in the 1990s. When they showed all of the discrimination happening about who gets recorded in history, who gets promotions, who gets what kind of funding for research, he said i always thought it was part myth and part reality. He said i have learned it is almost all reality and we have to work to change this because we want all talent at play, especially in Silicon Valley with exciting tools and platforms and culture. The culture is wonderful. This is not unique to google. It is across all of the companies. It is rampant. We have to keep working on this through diversity work. Teams at intel are doing a great job. Apple, facebook, google has a lot of programs. We have to be more vigilant. We need to move the priority up and directly address these challenges and help these engineers evolve. They are misguided. And they are destructive to their colleagues. It causes people to leave the industry. It is bad for shareholder value. We know that more diversity has so we want all of the people of the world in on making the products. Thisnt want to write sexism and a jim ageism into algorithms. That is what could happen if we do not knew this in the bud. Emily this engineer makes the argument google should value diversity. He felt safe enough to write this. There are a lot of people asking why he still has a job. What action should google take . Should this engineer be fired . A verye should be specific conversation with him and others and the company around it. The other memos are pointing out he is acting as if it normalizes this kind of sexist, racist conversation. All of the facts are wrong. Reality andments of factual elements, but then he pulls out facts that are incorrect. We have to catch that. The main thing is having open conversations. We have free speech in our country. We value that. We also have social norms about things. There really are rules about inclusion. Our minds have evolved. We are right near the jefferson memorial. Says, jefferson, the law as the human mighty balls we learn new things and we can human mind in balls in balls rings s, we learned new things. None of us created these things. Put it behooves everybody to step up. This is our moment to evolve out of this and lead the world with the skills we have. Tech can move so fast. If it chooses to priorities this if it chooses to prioritize this, we can move out of it faster. Tech you are part of the jobs tour to fill open jobs. How big are the challenges you are still seeing two women truly making advances in technology and filling these jobs . The problems are everywhere. What is exciting about the tech jobs, we will be in San Francisco this week, across the country, we show up. It is like a career fair meets a revival. At night, you have companies recruiting. Forhave apprentice programs a couple of months into a higher paying job. Tech jobs pay 50 more than the average american salary. Companies are starving for people. Governmentes, leaders, and talent around this country to get them together in the evening. We will be in milwaukee, west virginia, kentucky. With just in appalachia some graduating from boot camp. Sure reshore a lot of jobs. Great new startups all over. One of my favorites was people have taken a container and put stem work stuff in it and put it on a playground and Young Children were learning coding. It is fabulous. One guy had built his own portable sound studio. Wonderful entrepreneurs around the country. It is great stuff. Emily megan smith, thanks so much for joining us today. We will have highlights from our exclusive interview with the french finance minister. Why he is promising a big change in the tax system across the e. U. This is bloomberg. Emily tech giants have taken advantage of tax loopholes in europe lowering costs and grabbing market share from local competitors. Toaking exclusively bloomberg, the french finance minister said the country is gearing up to impose new rules that could have big implications for the Tech Industry. It is a strategy based on a level playing field, the same rules for everybody. When you are doing business in take theou cannot benefits of doing business in france or europe without paying the taxes other companies are paying in europe or in france. The same holds for all companies and for all states. You want to mean lower the Corporate Tax to 25 everywhere, even the eurozone . 25 e lower it from 32 to by 2022. The second step, we want to have tax harmonization among the members of the eurozone. You have 19 members of the eurozone. You have one currency. Taxes. Have 19 levels of you have 19 different economic policies. Because not grow this we cannot go this way anymore. That is why we are advocating for tax harmonization. The first step will be tax harmonization between france and germany. No later convinced than 2018, we should be able to for a common Corporate Tax harmonization of all Corporate Taxes at the level of the 19member states of the eurozone. What concessions do you expect from the germans to further this european integration . Accept age, would you german head of the e. C. B. For example . We are in 2017. The decision must be taken in 2019. We still have some time before deciding who will be the next chair of the e. C. B. But we should not wait before taking decisions as far as integration of the eurozone is concerned. I think we should be able at the end of 2017 to make a First Step Towards more integration within the eurozone. Palace French Economy and finance minister Bruno Le Maire in an exclusive interview. Ining up, Masayoshi Son once on the u. S. Ridehailing market. We will break it down next. This is bloomberg. Who knew that phones would start doing everything . Entertaining us, getting us back on track and finding us dates. Phones really have changed. So why hasnt the way we pay for them . Introducing xfinity mobile. You only pay for data and can easily switch between pay per gig and unlimited. No one else lets you do that. See how much you can save when you choose by the gig or unlimited. Call or go to xfinitymobile. Com. Xfinity mobile. Its a new kind of network, designed to save you money. Mark i am Mark Crumpton in new york. You are watching Bloomberg Technology. Notifiedean union has good safety authorities in britain, france, sweden, and switzerland. It is a precautionary measure that some eggs contaminated with insecticide might have entered their territory. The European Commission today said germany and the netherlands notified the system over the weekend. Tothey notified the system share the information so everybody knows. It is up to the National Authorities to check because all of these eggs are traceable. King held talks with the Palestinian Authority leader today. The west bank visit is his first in five years and comes at a at aof rising tensions for muslims and jews. Vote tomorrow in one of the most competitive president ial races in its history. The incumbent faces longtime opposition leader. The success of the independent election boards computerized Voting System is key to ensuring the process is free and fair. The man in charge of the system was found strangled last week. Lobal news 24 hours a day i am Mark Crumpton. This is bloomberg. It is just after 5 30 in new york, 5 30 a. M. In the west Australian Mining city where we are joined by paul allen was there for the annual conference. Good morning. Paul good morning, mark. I am in a mining town so lets start with iron ore which is 75ing overnight hitting 5. 63 wiping out all the losses. Later today, we will be hearing from the c. E. O. , the head of australias largest iron ore player. Up as we waitures on earnings from tokio marine and olympus and the bounds of payments for june out of japan expected. A busy day here. More from Bloomberg Technology next. Emily this is Bloomberg Technology. Im emily chang. Masayoshi son confirmed his interest in u. S. Ridehailing market. Take a listen. We are interested in discussing with uber. We are also interested in discussing with lyft. We have not decided which way. But the u. S. Is a very big market. It is the most important market, so we are definitely very much interested in the u. S. Market. Softbank already backs companies in china, india, and Southeast Asia. We are joined by Caroline Hyde and bob odonnell. Bob, lets start with you. Ambitious as ever. He has made investments in these other ridehailing companies. There was talking might be trying to create some antialliance. We heard he was interested in getting uber shares. What the make of this. Bob he is doing the dealmaking public. He is trying to build these Core Technology pi