President obama saying desegregating the army makes it stronger. An Appeals Court found Oscar Pistorius guilty of murder. His manslaughter conviction for killing his girlfriend was overturned and he faces a minimum of 15 years in prison. Emily im him lead chang and this is bloomberg west. Coming up, a bloomberg exclusive. Uber shifts into high gear. The car services valued at more than 62 billion. A closer look at Mark Zuckerbergs decision to donate nearly all of his facebook shares. We will break it down. Acquired over 40 companies in less than four years. Have investors gotten their moneys worth . We will drill down on the spending spree. Uber is accelerating the rate of global expansion, looking to raise as much as 2. 1 billion in a new round of funding, according to people familiar with the matter. The valuation has surged him 60 million in 2011 to 62. 5 billion today. Uber has been expanding aggressively to expand throughout asia, particularly in china where it plans to spend 1 billion. As part of the current funding round, uber has closed investments with tighter tiger global and t rowe price. Joining us is a finance professor at the university of florida and with me in the studio, eric newcomer, who broke the news for us. Lets start with the valuation and break it down. 62. 5 billion . Its huge. It puts uber before gm. Its a private tech company but bigger than twitter or salesforce. Your story had some interesting numbers about how well uber is doing, how profitable they are in various cities. Their profitable in more than 80 cities. Ofy have a revenue run rate 10 billion. 0x increase. 250 trips growth. It is still growing massively. Emily you have a bullish and bearish argument for uber. , they still have regulatory issues in specific cities and countries. The taxing lobby is fighting them, sometimes successfully. There are issues in terms of drivers, contact work are they contract workers or employees . Fringe benefits, minimum wage, etc. Comes into play. They are planning to spend a lot in china, but there is some serious local competition there and in india as well. In many countries they are likely to be successful, but two very big markets, its not at all clear theyre going to prevail. Talk about the bullish argument. Investors like microsoft have put 100 and we dollars into uber. This huge make investment in uber . That there will be others, both Car Companies as Companies Like uber that have deep interest in mapping and we want to partner with them. Be customers as well as partners with mapping providers. That is what led to as having an investment and a Strategic Partnership with them. Emily this mapping idea is part of your focus. Travel from point a to point b, is growing rapidly. Where peopletwork are going to want to take whatever service gets them their fastest without a long waiting time. Is inally big potential the nottoodistant future when we are all using Autonomous Vehicles where they could be the platform that everybody uses, and that can be a potentially massive market. Once you get the drivers out of taxis, the cost to consumers comes way down. A company that has a big market share will be able to get vehicles to the users very quickly. Smart phone your and press the uber icon and you get a message. Is it going to take 11 seconds or 73 seconds before the vehicle is in front of you and cheaply take you to your destination. I can see this being just a massive market that they can own. Emily interestingly, ubers competitors formed a partnership today outside the united states. Ive spoken to and uber investor who believes it is a winner take all market, and uber is going to win. Take a listen to his remarks. Lyft goes away. Emily what do you think of that statement, based on what you know about how the company is doing . Lyft and uber are both spending aggressively. Its too soon to say whether there will be one or two competitors in each country. It is a huge market. Chris has a financial interest in saying it will only be uber. I would not write off lyft yet. They are still spending aggressively to grow market share. Emily i was in beijing yesterday and i ask a lot of drivers what they think about it. They seemed interchangeable to the drivers. What do you think, is it a winner take all market are is there room for several competitors . I think it is a winner take all situation, but different markets might have different winners. Uber might not prevail in china but in many other countries, uber is likely to be the winner. I think china and india are Big Questions right now. , they canwth case spend less money than they need to in the future and not let competitors gain ground. There are investors who are investing on the belief that uber will make a lot of money. Can uberw long continue to raise money without going public . Ceo compared the company to an eighth grader being asked to go to the prom. And said an ipo is years away. They continue to raise money on the private markets. Ipo,ere is pressure for an it will be Something Like employees wanting to get liquidity. Travis has started to say, maybe we could do that. Uber how far away is an roadshow . Are twould be a year from now but as long as theres so much private equity money available, they can burn through a lot of money building market share, becoming the platform without needing to tap public markets. Emily what do you make of tiger also in theirng competitor . Its fascinating. You have a set of investors who have invested against uber and now they are saying they should hedge with uber as well. Its pretty crazy. Uber has been very protective of their data. Imagine theyn wouldve had to give a lot of information in order to get that money. So many accredited investors are getting in to this round. I cannot give an answer on how much information tiger has right now. Thank you for joining us. Speaking of the sharing economy, its one thats one thing to share and uber pool and another to share an apartment with your coworkers. In china, thousands of millennials are embracing the idea of coal living spaces. Why buy it when you can rent it together . And Mark Zuckerbergs advocacy donald trump. Can they influence the 2016 president ial election . Emily Mark ZuckerbergAdvocacy Group is taking on donald trump. Heres donald trump laying out his controversial immigration policy. Donald trump i will build a great, great wall on our southern border and i will have mexico pay for that wall. Mark my words. I will immediately terminate president obamas illegal executive order on immigration. Taking issue with that with me in the studio is my guest. When you hear that again, what is your reaction . This is not about one candidate. There have been a number of candidates who proposed the astronomical costs that come with rounding up and deporting 11 million undocumented immigrants and 5 million citizens with undocumented parents. One candidate is getting a lot of the oxygen in the debate right now. Its our job and a real opportunity to say at the end of the day, theres 11. 5 Million People who are here. Are you going to round them up and send them out of the country, which is terrible, or can we have commonsense Immigration Reform . This is a fundamental violation of American Values and people really see it that way. , are youframe it as going to round up and do a mass deportation plan, or use commonsense Immigration Reform. Only 18 of people support it and 75 of people are with us that that is the way to go. Emily you have launched a new website, immigration vote or. We think its critical that people stand up and support Immigration Reform. Say it people to go and care about this issue today and for the next year. We think if we do that, we will pass Immigration Reform right out of the gate in 2017. Emily which candidate has the best immigration plan . We are focused on separating it into two buckets right now. Its around the question of mass deportation. Asked ninez was times on monday what would he do with the 11 million, and nine times, he didnt answer the question. Emily how does Mark Zuckerberg feel about donald trump . We were excited to be one of the groups that the initiative has funded in the past. Going to be a beneficiary of any of these funds . Honored and look forward to continuing to be part of that in the future. Emily what have you talked with mark about most recently as it pertains to that . What is he saying . We think we have a real opportunity over the next year and it is important to lay out our goals, spend the year Building Support and making people answer the simple question, what are you going to do with the 11 million . Emily talk about progress youve had with getting business and tech leaders behind you, aside from Mark Zuckerberg. We have 460,000 people taking , butn, go to our website more important than that, i was down in san mateo and we had five startup founders talk about problems theyre having. People keep saying donald trump will be out of it at some point, it not going to work out, but the reality is, he is not losing momentum. What is your plan if he is the nominee . Our plan is just to make people understand the astronomical human and political costs here. Were talking about breaking up millions of families. Cost. He economic the conservative think tank. Egged it to put it into context, the Apollo Program was 100 billion in public spending. You talking about something thats six times the cost of putting a man on the moon and destroying lives in the process. Emily thanks so much for stopping by. Google is expanding its energy portfolio. Of biggest corporate buyer Renewable Energy just bought 781 megawatt of solar and wind power , nearly doubling its Renewable Energy capacity. Were made with Power Producers in the u. S. , chile, and sweeten. The agreements run for up to 20 years. France is also going green. Ecology minister has announced the competition to build an electric car that costs under 7,000, but it wont be easy. Almost half the price of the indian car that has hit some beatbox in sales due to safety and power concerns. Chinas sharing economy takes a page from maos little red book. Later, Mark Zuckerberg says hes giving away almost all of his Facebook Stock, but how much will actually go to charity . Emily if you could rent it, why own it . Thats what thousands across china are thinking. Chinese entrepreneurs are taking a page from the communists playbook. They are clamoring into cold living spaces. A tech reporters with us to talk about this phenomenon. How the sharing economy is doing in china. It, china ork at 90 people are more accepting of the concept compared to the u. S. Many of them lived in communes when they were growing up at some point in their lives if you look at china, the west and east are very different. Cities,ly the larger beijing and shanghai, property prices are on that sheet. As chinas economy slows people try to do all kinds of things to try to adjust to that and thats where a lot of the sharing takes place. Emily it sounds like a modernday commune. How does it compare to the united states, where we do have communes . We dont put them in the sharing economy bucket. the difference between the ving placesmunes coli these days is that people are living in these places voluntarily. They can actually separate their ownership and access rights. Even though they look the same, theres a different fundamental philosophy underlying this phenomenon. Emily how does it affect chinas transition to a more consumption driven economy which Companies Like alibaba are driven by . Lulu on the surface it might seem counterintuitive. You would think they would wastefuless consumption, but it actually helps china transition to a more sustainable consumption pattern. Can invest the money back into their own entrepreneurial ideas and thats where a lot of the innovation is going to take place. Emily we were talking earlier about the money uber is trying globally, and airbnb has its own counterpart in china , its own competition in china. Describe how much power the airbnb of china has compared to airbnb itself in china right now. Lulu there is definitely a lot of opportunity in this market. Theyve all said that china is one of the most important markets for them outside of the u. S. , but theyre running into some steep competition in china. These companies are growing at a very fast pace. Its not an easy market to take over and they will be facing an uphill battle. Surprised at how deeply penetrated uber already is in beijing. ,t seems that chinese consumers if its cheaper, they will go for it. Lulu absolutely. There is an understanding towards wealth, social status in the country right now. They dont see having a car as a symbol of status anymore. The fundamental philosophy is that if you can rent it, why own it. Thats why more people are embracing the services in china. Emily plus anything to cut down on traffic in beijing. Hanks for joining us today coming up, Silicon Valley has stepped into the highly controversial arena of gun control. The future of firearm safety, next. If you like bloomberg, check us out on the radio. Emily i am emily chang and this is bloomberg west. It is 30 3 p. M. In San Francisco 3 30 p. M. In San Francisco. We are joined by seth. Good morning. We are bracing for a tumble in asia after the big losses in europe. In s p 500 fell the most europe and equities have the worst day since the height of the summer selloff. The losses came after the ecbs additional stimulus measures disappointed investors and that is inevitable. Lenders are in disagreement over policy. The prices are so low that it caught countries like nigeria that want to cut output while saudi arabia insists on the status quo. This meeting will see indonesia readmitted as a member seven years after dropping out. There is concern that sharp when not be able to find its product after the money runs out. It makes them the riskiest in japan. Sharp has suffered after rivals undercut its core business in asia in making lcd tvs. After this weeks International Robot exhibition in tokyo, special algorithms are inspired by the way living things process information. They are ready minimize human involvement. Hardware companies are adding problemsolving capabilities to their products, emily. Emily what kind of deep learning hardware are we talking about at this exhibition . Zeb well, the japanese always innovate in this space. They have been leaders in robots and now you have the Japanese Company showing its first result of a partnership with the Artificial Intelligence company, preferred networks. There was a robot show. This is an industrial robot that lifts vehicles, for example. It helps on production lines and allows them to take this Artificial Intelligence capability much further and apply it to industrial processes. One Japanese Company is putting this all to work. It is making its debut at the International Robotics show in tokyo. Interesting to see what will come down the pipe in this Artificial Intelligence space. Emily all right, zeb in hong kong, thank you. That is your asia first word news. You can check out more at bloomberg. Com. Now to a topic dominating headlines in the u. S. Gun control. No debates after the second mass shooting in the u. S. In a week which left 14 people dead in san bernardino, california. We want to explore the Tech Innovations that might help keep firearms out of the wrong hands. Ron conway told 60 minutes he has invested in 60 different startups and searching for the Mark Zuckerberg of guns. What is Smart Gun Technology and will it help . Joining me to explain is margot hersch, president of the Tech Foundation which supports Smart Gun Technology and the ceo of the startup sentinel which makes the identilock. Margot, i want to start with you. Smarts smart does Gun Technology really mean . Margot what a smart gun is is a personalized gun or firearm that only it incorporates safety features that only allows it to fire by an authorized user. These types of technologies are not only can be integrated into firearms, but also Safety Devices like the one omar will be discussing later on. What these do is provide an additional layer of safety to a firearm so it helps to prevent the firearm from falling into the wrong hands. It would notclear, have stopped a mass shooting like what happened yesterday, right . Margot not necessarily, no. These technologies will have Significant Impact in preventing, helping to prevent accidental death and suicide. Isa firearm, for example, stolen from a home and has Smart Technologies incorporated, handsf it falls into the of someone who is not authorized, it cannot be used. Emily omar, tell me a little that about your company a little bit about your company and how it works. Omar we have an accessory that allows instant access to a firearm with fingerprint technology. Guardsps the trigger preventing unauthorized access to the gun. A child or anyone else cannot access the gun until the correct fingerprint is used to auto rise the firearm to authorize the firearm which at that point authorizes instant access. Emily you have such a compelling personal story, omer. When you were young