Expectedn with an release later this fall. It is said to include more than 10 sensors to help track health and fitness. Apple unveiled new service out the annual development conference. Hasdian Chelsea Handler inked a deal to host a new talk show on netflix. Chelsea lately will begin a new show on netflix, the first of its kind. Frequency of shows has yet to be determined but opens the door for a larger variety of original content. Her latenight program on e network is scheduled to end this year. Now to the lead story of the day, time for apples longawaited smart watch may be coming soon. Apple is working on multiple versions of a watch incorporating several different screen sizes and more than 10 sensors to track things like health and fitness. They showed off a new app called health and theyre working with nike and mayo clinic. Joining us is the head of Technology Equity research at s and b capital and bringing in our special guest host, general partner at Kleiner Perkins caulfield byers. A physician by training and a former chief medical officer at amgen. Now you are an investor in many biotech and health tech companies. You is a perfect story for to discuss. Her closely have you been following the potential iwatch from apple . Very closely and im very excited. From a physicians point of view , 60 of all healthcare care costs are due to lifestyle choices. Right amount the of exercise. If you do not get that, it can treat. Ven times more to got, what are you hearing from your sources in the supply chain and elsewhere and whether or not its coming this year . Hearing . What are you we actually think it will happen and it will happen this it seems also because the speculation of apple and a variety of offerings kind of manifests itself and then nothing seems to materialize. Beforek that definitely the Holiday Shopping season apple will have at least an iwatch product in the market, but to be honest with you, emily, we are not so sure this will be a slamdunk product like a lot of folks expect. On that note, one third of consumers have heard of wearable fitness devices. Only 28 by of them and a huge number stopped using them when they have them. How important will it be . We will see what the market adopts. When you think about things like used for ais not long enough time, but a great statistic i saw a recently as over the past two years, people who wore fitbit walked 2. 4 the equivalent of walking from here to saturn. Its kind of incredible. You need to measure reward. People respond when they have a reward at the end of it. Just seeing your steps are seeing a measurement is not enough. You have to give people a prize. Give them an opportunity to be rewarded for what they are doing. Think abouten you how widespread watches could potentially be, do you think it could become as big as a smart phone market or will never come close . With the to agree more latter of those two conclusions, emily. The way we think about this is, as was just referenced, a lot of companies have introduced a lot of related products and, to be frank, it seems like notwithstanding the enthusiasm, these offerings have not had sustainable success, i would argue to a large extent and its kind of interesting this is something people can buy to improve their lives yet, seemingly, more people are app thand in yo the these herbal devices. People need to think about priorities but in light of that, we think apple will have an uphill climb when it comes to this category. Ive tried out a lot of these wristbands and they are now in my drawer. Im not compelled to use it everyday day. Of the bands out there, pebble smart watch, Samsung Galaxy jawbone, do you think apple will hurt the competition . Optionsll be different for different people. One option for todays band is the engagement. If apple can find a way to have a twoway interaction, i think people will be more engaged and therefore more willing to use it. I hate the way they look. What we where is such an expression of who we are. What do you make of the report that theyre working on multiple screen sizes . Still only one screen size. Indeed working on multiple sizes, what does it tell us . Thats a surprising characterization of where apple is going was early in the process with regards to this particular category. We are frankly a little bit skeptical as to whether or not you will see right off the back two separate or multiple separate screen sizes and product offerings. Frankly, i think what it says perhaps is apple is aware, as best indicated, different product will cater to different types of users and use cases. I do think, while its important that the product is beautiful and garners peoples interest and attention, think about it in the context that people will be using this when they are working out so they need something rugged and something that will be able to hold up to sweat and other kinds of tribulations. We think the way this will play out is not exactly how people could expect at this point. Are their startups out there banking their futures on an iwatch . Once apple comes out with something, we are going to go big. Your investing a lot of these companies. Are any of these companies waiting for this . I have not heard it exactly spoken that way, but they are waiting for a broader platform to be able to expand the amount of things that they can measure. Idenberg frome Kleiner Perkins. ,nd Scott Kessler from s p thank you. Youe she sees potential and can watch a streaming on your tablet, found, bloomberg. Com, apple fire tv apple tv, and amazon fire tv. Im emily chang and this is bloomberg west. The new surface pro three hits stores today in the u. S. And canada with a starting price of 799 with a 12 inch screen. It is thinner and lighter than its predecessor. Microsoft net loss from the surface exceeds 370 6 million since the release of the original surface back in october 2012. We will see if this one sells any better. Were back with her special guest host for the hour, dr. Beth seidenberg. She focuses on Life Sciences investing in a range of biotech and Digital Health companies where she advises on everything from finding a cure, cancer, and developing mobile apps to help manage medication. How does investing in Life Sciences to for from consumer and Enterprise Technology companies . Weve focused a lot on consumer and Enterprise Technology. How is health tech different . Someone in the main differences is its very personal. If you think about what people are doing with their information , whether it is to get healthier or find out what the health is about, its personal. A number of things we do are regulated. You cannot just go out and put something out that will tell you about your Disease State or die now see without the fbi getting involved. Is there more or less competition, more or less volume . There is a tremendous amount of volume. I cannot process all of the opportunities coming our way. Were are very excited about the opportunities. There is less competition, but it is heating up. We are seeing a lot of traditional Digital Investors seeing the path and the pattern of opportunity in the healthcare space. Kleiner has put a big bet on healthcare services. What have been the returns . What makes it worth it for you guys . Returns matter. Our returns particular on biotech and soon on the Digital Health side will be equal to our digital returns so we are doing well. What makes it worth it is were making a difference and its part of the partnership fabric of who the partnership is and who we care about. What are the most exciting trends . What are you most excited about . We are excited about trying to address the problem in front of us with baby boomers. Why is that important . Whats the problem . Theres a lot of them. They are not very healthy, but they love technology. Years, 10,000t 15 boomers will turn 65 every single day. Happy birthday to all of those who turned 65 today. [laughter] if you look at the other statistic, there are 3 million new people joining medicare every year. Projected toow increase in the amount of spending. People will be more responsible for their health. In order to address that, we think that Digital Technology will make a big difference. When you look at the baby boomers, the internet trend and the amount of time they spend on the internet is equal to the millennial generation. Its shocking. I did not know that. What kind of digital things will help them . Perhapslked about one, the watch. There was a pew survey that looked at people between 50 and 64. Baby boomers but not quite over the edge yet to be in the medicare generation but they measure their weight, exercise, or calories in some way. Find engaging tools, so things like an iwatch, fitbit, or things like myfitness pal, one of our companies, there are over 80 million users. There have been over 100 Million Pounds lost. 30 of americans are obese. We need to fix that problem. What about the Affordable Care act and the making of all of the Health Records electronic . Opportunities are you seeing there . Is it working . What are the challenges . A challenge anytime you introduce new technology into a field that has basically thought hightech was a fax machine. Theres a big cultural shift in the physicianprovider area. We are building the pipes so that now over 80 of hospitals have Electronic Medical records. We are only at 50 in the ambulatory outpatient medicine. Once we get there, people will have access to the information. We know valuations are soaring in the private market. The nasdaq biotech index is up more than 50 in the last year but took a deep dive in march. There has been talk about a biotech bubble. What are your latest thoughts on the environment . We spoke about this last time i was on the show. Has anything changed . Market when the charges started to go down. I sent you there was no biotech bubble and then thought it was going to have to eat my words. I still dont think theres a bubble. If you look at whats happened here today, 33 ipos and they are overall up 28 . Just this week, three great ipos. There are more coming. There is still a lot of optimism. Theres a lot of money to be made. Because we are able to now come up with better treatments that are going to get through and help patients. Speaking of treatment, more on efforts to cure cancer later in the show. Im excited to see what kind of progress is happening there. Dr. Beth seidenberg of Kleiner Perkins, our guest host of the hour. We will be back with the latest in the book battle next on bloomberg west. Welcome back to bloomberg west. Im emily chang. The Worlds Largest long time online retailers making an exception to the book locking and accepting orders for the latest book from j. K. Rowling. Five are still showing out of stock messages as amazon seeks a bigger cut in ebook rices. Now to our wiring the world series looking at how tech is shaping the future of health care. Hang going to the doctor, there is an app for that. In the process of launching technology letting you diagnose medical problems from the comfort of your living room. Sam grobart takes a look at three of these companies. Like certain Technological Breakthroughs have a way of making our lives seem more like Science Fiction than reality. Big about the first time youve ever used a smart phone or see someone use Microsoft Xbox kinect. The future is happening right now. These giant leaps of already changed the way that we work and communicate. The next step is going to be how we take care of our bodies. We soon may be able to diagnose andelves using tiny sensors the Computing Power already in our hands. Using a handheld sensor you would hold to your four head to get temperature, heart rate, blood oxygen level, and other data points. The sensor would then send all of that via bluetooth to your smart phone which could share the data with you or email it to your doctor. Another company has developed a mobile accessory that turns your phones camera into a sort of ear scope. Put it in your kids gear and send the video to your kids doctor and you may be able to get that ear infection diagnosis and that antibiotic prescription without ever leaving home. Ae third outfit has developed smart phone based ultrasound machine that costs less than 8,000. A senate a standard rig would run you into six figures and is being used in developing nations to provide more accurate diagnosis. There are some skeptics out there. Ake you cannot just throw sensor on the body and get accurate data. In some cases, they may be right. Progress buts in the improvements seem to be inevitable. 10 years ago, we barely knew what a smart phone was and now we are talking about driverless cars. If you look at the history of the future, one thing seems clear. Its happening faster. Bloomberg businessweek sam grobart. Our guesteidenberg, host. Cannot believe the smartphone is so smart. I think were going to see more and more of these mind of apps and technologies. What i am most excited about is the data. If you think about it, weve never had this data before. In between hospital visits, physician visits, all of a sudden you will be informed and empowered and it will be awesome. Kleiner perkins Beth Seidenberg will be with us for the hour. Coming up, buzz feed is one of the Fastest Growing site on the web. We talk with the companys ceo about how buzz feed gives the rate viral content. Watch us on your tablet, phone, bloomberg. Com, apple tv, and amazon fire tv. Time now for Bloomberg Television on the markets. Im jonathan ferro. Lets get you caught up on where stocks traded in a very happy way. Higher 0. 2 on the s p 500, a sixth day of gains and a record high. Outnasdaq refuses to miss on the party, 0. 2 higher. Vix higher as well. Bloomberg west will be right back. Bloomberge watching west where he focused on the future of business. Discussg in france to the future of the business. Seeing business grow in an older audience, one of the hot topics was has to catch the attention of the variety of groups now active on social media. Stephanie ruhle attended the event and sat down with buzz feed ceo and started by asking if was be the starting to attract an older audience. It is still growing quickly, but my gut feeling is that we are starting to see a little bit of a shift. It with the level of individual posts so if we do a post about parenting, we will see and reach an older audience and if we do a post about signs that you missed your senior year of high school, it will skew to a younger audience. Year, do thet traditional media icons want to understand how your business works . Buzz feed become part . You have a partnership with cnn, but could we see you with these iconic traditional media brands . We hear from people at Big Media Companies but people from doing work inses the space. Its definitely fun to have people watching what were doing and appreciating it, valuing it. Ago, we were not on anyones radar. Its a different moment for us where we are able to operate and have influence in a larger industry where people see what we do. Do you have a dream partner . Like my wife . Nice. Bloomberg is a great company. Tend to take the approach of making content ourselves. We work with lots of brands ly from branded content so we have a lot of partners who are marketers and major brands. We were with 76 of the top 100 now. We do a lot of partnerships. Feele content side, we like the social platforms are a great partner and its less about having a contractual agreement and more about having aligned interests to make the newsfeed and content streams of all the social platforms better by creating really great content that can be shared across the social web. When theres one about people you cannot believe really exist. It is more like a laughing out loud sort of thing. How do you find these extreme people you dont believe exists, monsters, the most extreme . Part of it is having a team of people who really live and inathe the web and meet small groups and brainstorm ideas. A lot of these are the product of internal email lists where people are just throwing ideas around. Have you seen this and this . And then having the data feedback of what people are sharing helps us understand what people really love. If they share something a lot, why is that . Maybe theyre sharing it because corgis, because its tied to fathers day, xyz. Then you say lets test that and make another piece of content that is tied to a holiday but does not have one of the other elements. You start to get that are in better at understanding what really touches peoples heads and hearts, funny bones. And we make some of the things that people will clearly get excited to share. At the creativity festival in cannes. The 42 peopleup you cannot believe exists and its pretty epic. Headed tondler is netflix. They signed a deal with the comedian including five specials in addition to a new talk show set to start in early 2016. Her current latenight talk show is ending its run on the e network. For more on what the deal means, i want to bring in jon erlichman. Still with us, our special guest host for the hour. Why did chelsea make the switch . Levels, this is not surprising to me. Netflix is about comedy and chelsea is hungry to find Something Interesting in the. And new. Back arrested development. They have orange is the new black. Ae first thing she will do is comedy special. They did one with aziz ansari from parks and rec. Asre im a little unsure there talking about redefining the rules of the talk show. If you think about where netflix has avoided stuff, content so far, its those things that are really tied to linear television. Are you going to get into sports and they will say, not really . Sports rightset but whats the value of a sporting event after everyone has already watched it when you are an ondemand player. How they avoided topical issues that seem less relevant a week or a year afterwards the key people interested in Chelsea Handler. They will figure it out. Specials shes doing but shes also doing a talk sh