Open Market Operations in the runup to the Lunar New Year holiday. Those operations will now happen every business day. Korea has expressed concern over the currency. Those comments were made in a joint statement by the countrys finance ministry and the central bank. Action will be taken against socalled current behavior in the markets. That it deems necessary. Those the headlines from bloomberg news. Lets take a look at the stock markets. They are currently closed for lunch. Everything is down paring back to gains. I will be back in half an hour. Now bloomberg west. Plus, what if the San Bernardino shooter had been using an android instead of apple . And can set top boxes handle even more competition . We will ask the experts. Emily apple is still in the spotlight two days after opposing court orders to unlock the iphone of the San Bernardino shooter. Reaction from the Tech Industry has been polluted, with calls for more debate and states of broad agreement that companies shouldnt be forced to create socalled back doors in their products. Google tweeted that it could set a troubling precedent. The facebook company, amazon, microsoft and twitter declined to comment. Is apples stand putting other Tech Companies in an uncomfortable situation . Many companies while publicly allying themselves with apple do in fact comply with requests for official requests for information. I put this to hiroshi lockheimer. Asking what he would have done if the gunmans phone had been an android instead of iphone. Honestly we focus on building really secure products but if requested by Law Enforcement agencies, with proper documents we will make those available to them. I think in this case apple is being asked to, it sounds like, help in hacking their product. I think thats a very different scenario from sort of the way things work today and i think that requires a lot of discussion and debate. An important decision. I have a lot of respect for Law Enforcement and of course, you know, dont have any respect for criminals. Thats not what this is about. More a completely new way of thinking about things and we need to debate that more. Emily you have opponents out there, including president obama, saying this is restricted to one criminal and if its going to save lifers, isnt that more important . Why would you protect criminals or put innocent peoples lives at risk . Like i said, its a new area and i think it warrants more discussion to make sure how is this actually going to work, what kind of precedent is being set and so forth . So i any more thoughtful debate is warranted here. Emily if that phone was an android phone, what would you tell the f. B. I. . Hard to get into the hypothetical since thats not the case were talking about now but i think we would feel the exact same way. Look, this is a different scenario now and lets think this through a little bit more and have that debate. Emily Edward Snowden has said this will be the most important tech case in a decade. These are important issues you have the power to control as the head of android. I think its about privacy, which i think everyone agrees is important. You know, its easy to talk about these cases in general terms, but the specifics do matter. Im not familiar with the specifics of, you know, the San Bernardino apple situation so its hard for me to comment on that, but it does feel like an important area that requires more discussion. Emily us tune in to bloomberg west for my full interview with hiroshi lockheimer. Googles Senior Vice President of android, over the next couple days. With us now, wicker cofounder here with me in the studio. Tim, i want to start with you. Lay it out for us. Who is supporting apple and who is staying conspicuously silent . You have the trade group here in d. C. , and facebook and twitter, all coming out in support of apple, saying they dont think the government should be able to force them to hack it and then donald trump is quickly saying who does apple think they are, adding to the mix of this toxic situation that the debate is just going to get much hotter as we get further towards the general election in november. Emily what do you guys think . Well, you know, the thing to think about from my perspective is we have to separate this case from some of the larger questions. I think of . The details of this case air little bit different. Clearly breaking encryption is a wig problem and thats something we absolutely have to avoid. The reason i think some people have been not quite as strong on this is the specific details of this case arent really about encryption. Hacking into the system but not involving encryption. Thats important. Its a very complicated case. The concern is by focusing on this one that really isnt about the bigger encryption question, is it unfortunately bringing into a conversation this maybe we werent quite ready to have yet . That remains to be seen. Emily now, nikko, you run a messenger service. You have actually had requests by the f. B. I. To build a back door. Explain. I was lucky enough to be educated by the best hackers in the world. Thomas croft taught me and many others how to break into a back door and as soon as you have learned that lesson its very clear that if you put a hole or circumvent security encryption, it will be used by the bad guys. Weve seen this with juniper recently. This is really frightening because of a couple of things. One, the government is acting more like a dictatorship, trying to force apple to build something it does not want to build and what its asking them to build is actually a weapon that would be way more destructive to the United States and the entire World Economy if it got out. I think tim cook is standing up more for National Security than anyone right now. Emily so the same question with android, if this is saving lives, targeting one criminal, what is wrong with that . I believe tim cook is saving more lives by making this decision and its the right way to go. What you are hearing from Public Technology companies, maybe theyre not supporting this. Ive spent the last day with cyber encryption experts and everyone agrees that tim cook is making the right decision here. The government is asking us to build a unicorn, something that doesnt exist and if its made for one, it will be made for others and the code will spread. So this is a very landmark case here and we need to make sure we hold our ground. Emily bob, what do you make of how as businesses these companies have responded or not . Hiroshi lockheimer stopped short of saying we would do exactly the same thing. Couple things to think about. Number one, the details of this case arent necessarily for release of a, an encryption key. That clearly would never pass muster. Emily does apple end up standing alone here at least publicly . I think you are already seeing some voices of support. Really in the d. C. World you are going to see the trade groups and coalitions stand up in support. They get their funding from Silicon Valley companies and will push money to those groups to help support apple publicly. They will be there behind the scenes. Emily and nikko, the f. B. I. Asked you for a back door in still no back door. Its not that we dont work with Law Enforcement. Same with apple. They complied with over 70 requests last year alone. Its just that if you have information you can help Law Enforcement but asking them to circumvent security and build something brand now is not something the government should do. Emily and another statement, we stand with tim cook and apple and thank him for his leadership. We do, too. Emily thank you so much. Tim higgins in d. C. Covering this story for us, thank you as well. A story we are watching, Starboard Value is taking initial steps toward a proxy fight with yahoo. Sources say a proxy solicitation advisor has been calling yahoo shareholders. Last month c. E. O. Marissa meyers outlined those. We are really very confident in the Strategic Plan 2016 and beyond in terms of a few key products. Were focusing on news, sports, sports and lifestyle, thats more focused than weve been in the past. Coming up, why federal regulators are pushing for more disruption in the pay for tv marketplace. Plus free wifi for all of new york city. Too good to be true . We will dig into the ambitious plan later this hour. Emily espn is trying to win back cord cutters. The goal is to lure subscribers who are canceling higher priced cable contracts or not signing on at all. It pays the highest per subscriber of any network. The s. E. C. Just voted to begin writing new rules that would expose set top box users to bigger competition. There is big money at stake here. The plan was backed by google and opposed by the National Group that represents providers. Craig moffett, thank you for joining us. Why are the Cable Companies so upset about this . Its about more than set top boxes. That piece alone wouldnt cause the kind of controversy you are seeing. What i think people are reacting to is the mechanism for the proposal, which is to unbundle the video stream itself and effectively make the Cable Operators video stream generically available to Third Party Providers who can then repackage it however they see fit. Emily so, craig, whats really at stake here . How much of it is about the fees . And by the way, looking at this chart, the set top box marketplace generates 20 billion a year. Average household, including mine, pays over 200 a year just to rent the box. Are there other benefits to Cable Companies . You know, thats what makes this so complicated because there are so many pieces of this proposal you have to run unpack. The boxes themselves, as you say, its about a 6 fee on average for a box. Theres two and a half boxes fer per household, so about 20 per month per household. No, what mr. Dodge was saying today on the dish call, and i think its what almost everyone in the industry would say right now, is that things are happening quite quickly. You can get a roku box, an app from Time Warner Cable that operates on your box and you dont have a to rent a box from the cable operator. The mechanism to the s. E. C. From the people opposing it would seem to be overreach. They say no, you have to separate information about the video stream from the video stream and what the customer has bought and weve allowed them to watch. It is trouble some to the distributors, to the content makers and to lots of people in the Creative Community as well. Emily craig, you said a 50 50 chance of actually changing regulation . Yeah, look, from here the process is, this is just say notice of proposed rule making. From here you go through a process of comments and reply comments to eventually get to a report and i give that a 50 chance of happening. Then it probably goes to the courts and you have a 50 chance of it surviving a court challenge. Emily ok. We will of course continue to follow this. Thank you so much for coming on bloomberg west. Coming up, the japanese game maker ask building and army of bigname partners to develop products outside its core asian market. Well speak to the c. E. O. Next. Emily another stock we are watching, i. B. S. Its stock rose after news broke that it is buying truven. True sven provides cloudbased management and analytics to more than 80 health care clients. The purchase is seen as another move by i. B. M. To amass huge data on how to work its software better. Turning now to gaming, nexon, right now its core market is asia. Japan happens to be the Worlds Largest mobile gaming market. But nexon has its sights set on the west and making key partnerships abroad. Owen, great to have you here. You are actually from San Francisco but the First American c. E. O. Of nexon, which is sort of a testament to the priority now. You are doing sort of the reverse what other Game Companies are doing. Theyre trying to expand in asia. The north american markets for games are huge. We think there is a huge opportunity in north america. What they have had less experience where the last 20 years is rm online games. Thats where we learned what we do 20 years ago the and we think they have a lot to offer by tying up the best of asia and the best of the american. We just finished up the fiscal year about 1 billion, and our u. S. And European Business about 10 but growing. Emily this is a very hitdriven business. Do you have to make regional changes for different markets . In some cases they do and some they dont. We have a game in the west called domination. Its been very successful in the west emily shocker. Then it did even better in asia. We brought it to the u. S. And weve had a fantastic quarter with dominations and its continued to grow. Emily zenga and king have struggled to come up with their next hits. How do you overcome that . We come from a very different perspective. We build the games we really want to play as gamers and we think there is a huge opportunity and plenty of space for games that are truly fun and immersive. If we build those sorts of games, the kind that game players warrant to make, then we will have a very robust retention of our game players and that creates a nice business overtime. Emily i was speaking to Andrew Wilson and he said in order to survive today as a Gaming Company you have to do a little bit of everything, consoles, subscriptions, premiums. What do you make of that . We think that the issue is not so much being on a lot of different platforms. We think its about making games that are really fun and really different or unique and if you do that, as long as you are on a big enough platform like mobile, p. C. , console, any one of those address a very broad market. Having said that, e. A. Has done a fantastic job on being on all those different places. Emily all right. Owen mahoney, thank for joining us today. Great to have you. Coming up, bloombergs cover story features the most important apple executive you have never heard of. And check us out on the radio, the bloomberg app, and more of bloomberg west next. The oecd has cut its forecast for global growth. That risks in emerging markets. The World Economy will expand 3 the same pace as last year. It also urged g 20 nations to consider more fiscal stimulus. Much still needs to be done on the uks demands over a possible exit of britain from the eu. Deep divisions over britains demand. Vital that the eu remain united. Says the dutch prime minister. Apple has had an immediate boost for its payout system in china. Other big names will accept apple paid. Lets check in on how the markets have been trading in the asiapacific region. Not a great day to end with. Theyre giving back some of the gains from the rally earlier this week. The risk aversion has spread throughout the region. Commodities trading currencies in particular. Down with energy prices. Off by 7 10 of 1 . We are counting down to the markets reopening in hong kong and china. At the top of the hour. Emily the latest edition of business week is out. The most important apple executive you have never heard of. Developed the first apple designed chips. His latest success was dax nine processor. Here are the authors of that story. He just joined tim cooks Management Team earlier this year. He has been an apple since 2008. He is basically running the Semi Conductor division at apple. A company that likes to make everything from the software for the hardware all the way down to the processor. That is what enables them to make differentiated products. He is an israeli born engineer. He joined apple right after the first iphone had come out. It was a revolutionary device but it was limited. Steve jobs made the determination that apple needed to design its own silicon. They thought that they can have new features they would not have otherwise. Increasingly apple is making its own chips. They have been doing more silicon work starting with the iphone three. To convince the world to pay more for iphone and ipad. That there is Something Special about apple. They are trying to play up silicon. The encryption debate that we are having this week. Why the fbi finds it so difficult to get into apple products. Very tight encryption makes it very difficult for Law Enforcement to come in and hackett. It. To createasked apple a kind of skeleton key into the products. The blending of the hardware and the software. There are elements of the chip that are essential. Also the incorporation of the software and the algorithms. Why ago go it scrambles that is going out of the phone. It decodes it. What is happening in the middle is what Law Enforcement wants to step in. Apple doesnt usually provide this kind of access. Why now . This is something strategic that the company is doing. The stock has been battered. For some people say the smart phone market has been saturated. What makes apple unique . Maybe the time was right for them. It is simply too good of a story not to tell. The skepticism around apple and the challenges of apple stock. Having to continually reiterate why their products are different from other ones. Thank you. Free wifi service for all of new york city. A Publicprivate Partnership is putting up digital wifi kiosks. Where old payphones used to stand. The good old phone booth but rarely used. In new york city this is taking their place. Link nyc. The 21st to bring century. Free wifi. Usb ports for charging devices. Browsing the internet. A consortium called city bridge. As for security concerns, the Linkedin Network is encrypted