Mark the accord takes effect in a month. Russia has suspended an an agreement. Russia calls the move a counter to u. S. Sanctions. On monday, moscow canceled an agreement with washington on the disposal of weapons grade plutonium. The Syrian Government will reportedly reduce the number of airstrikes inside aleppo. It could allow civilians to escape to safer zones. In the meantime, the u. S. Will relay satellite images from rebelhelp parts of aleppo showing damage believed to because by airstrikes. Im Mark Crumpton in new york. Bloomberg technology is next. Emily i am emily chang and this is the newly named Bloomberg Technology. Tech is global and so are we. Were bringing you the stories that matter most from San Francisco to shenzhen, tel aviv, and more. We would like to and but you to Bloomberg Technology and say farewell to bloomberg west. It is been one year since jack dorsey returned to the helm at twitter. He is one of bloombergs biggest shareholders. Chris sacca tells us what he thinks of the right hell ares prospect ride hailers prospects in an ipo. First to our lead. It is one year since jack dorsey came back to twitter as ceo. Twitter shares are nearly 12 below where they were a year ago and investors fear check mercy may not deliver on the turnaround he needs. Salesforce, disney and google have been cited as entrusted buyers. Interested buyers. We are in a strong position right now. As a board member, we have to consider the right options. We have always had a lot of speculation about what twitter could become, and where twitter would go. You have a really strong plan ahead of us and it is something we are focused on executing. Twitter can be a successful, independent company. Think the world of the team over there. Think jack thinks brilliantly about product and direction. The rest of the team are tremendous. I do think that is the only outcome i do not think that is the only possible outcome. I hope for an acquisition. There are a lot of great teams where they fit naturally. It is a natural complement to four or five companies. Emily the many faces and voices of twitter. Former ceos, cofounders, chris sacca longtime investor. Modus crispy and james chackmak. Sarah, you have new reporting that jack dorsey may be losing control of the company. That there are dissenting voices about what to do, whether to sell or not to sell. About what to do, whether to as you mentioned, there is disagreement between cofounders jack dorsey and williams about whether a sale is the best thing for twitter. Jack wishes he had more time to prove out the live video strategy. That strategy it is more of a cede of power to anthony noto who has put the company on the life streaming path. He made the nfl deal and these other streaming deals and that has been a strategy to follow. Youve heard from a number of sources. Also leading the live strategy there. We are expecting bids to roll in over the next couple of weeks. You think that disney is the best bet. Disney will be saying how do i said distribute my content when people no longer subscribe to cable bundles. Twitter can enable a platform where they can remain at an arms length and remain independent to do deals with other content providers. This news on salesforce i am still scratching my head on. I get the argument about the marketing cloud. About leveraging management software. But at the end of the day this is more about i get that this is data. This is the way i think about twitter, you are acquiring data and distribution. That is why i do not think the net the news on salesforce really jives. Emily i know that you think google is a less likely candidate, because of antitrust issues, but the investor chris sacca seems to think google is one of the best fits. Academically, on paper, google makes an excellent choice. They are already working together in leveraging tweets and putting them into search results. There is a considerable amount of high trust ledges antitrust legislation. If you bring it on 300 million active social members on to the google platform and how it looks against facebook, we think that could raise issues where it makes another acquirer more feasible. Emily chris sacca told me he has sold a number of his shares but he has been a cheerleader for the company. He had this to say. It is an incredible story of underachievement. Of potential that was never realized. I would be really excited for someone with product vision to go in and take chances. We know it has the most valuable data, the most valuable body of information in the world. They have failed repeatedly to surface that in an easy to digest way. It is funny to call them an underachiever. They punch above their weight in terms of their social presence, their influence on the global dialogue. Their smaller than the Tech Companies they are always compared to in revenue and market cap, yet they really are seen on par with facebook. I also think it is very interesting to look at the fact that you have companies as diverse as google, salesforce, and disney with legitimate reasons to buy it. It shows what a chameleonlike Company Twitter is. The big problem is, it is worth too much money. The shareholders are the biggest believers and the fact that they are not selling in a 17 billion market cap is crazy. The company does not seem that valuable. If someone will pay that money, they are taking a huge gamble. I was talking to james earlier. The case can be made that disney could justify the expense more than almost anybody. It is an interesting argument. Emily speaking with chris socket yesterday, you heard him say chris sacca yesterday, you heard him say they cannot get more market cap then is already priced in. But here are some of the things jack dorsey has done right. He is responding to emails faster than anyone would expect anyone to respond. He has been able to define what twitter is more than his predecessors have about live and realtime. Emily gives it life or bus is it live or bust now . That is the point we are at. Theyre just putting it to the test. Many to show progress or this roar for acquisition will get louder and louder. To be fair to jack, when dave was in the ceo seat, people were saying the same things. It turned out that changing the ceo did not make a difference in user numbers. Will selling the company make a difference . I dont know. Emily the ceo at the helm of twitter has never been an easy place to be. I know that you will keep us posted every step of the way. My guest host for the hour. Coming up, more of our exclusive interview with chris sacca. Why his calling ubers sale in china a win. Jeff bezoss blue origin takes a big step to blast wealthy tourists into space. Emily chris sacca has been outspoken on a number of topics like twitter and the 2016 residential election president ial election. I sat down with the venture capitalist at dream force and asked what he thought about uber selling its china business. I think that the china thing ended up being a big win. Travis is just irrationally entrepreneurial. First city was San Francisco, the second city was new york. It is punishingly difficult, but he wanted to prove he could do it. One of the first 10 cities is paris, paris where they hate anyone with a disruptive product that might upset the unions. He was two years behind in china and he went into a country where at the government level, they did not want us to be there. Offices were raided in hong kong, cars were being seized. It is fascinating he was able to pull off a 20 deal in what will be the monopolist there. It is a good deal considering how far we are behind in a regime that has not let google or facebook operate there. It is difficult to disruptan incumbent business. I dont know anything about ipo plans. The road is clear because the finances look great. We get to sit back and ride a wave of success with the Market Leader in china. Emily what are the ipo prospects if it happens . Unlimited at that point. They are making transportation as ubiquitous as water. Ec ube you see uber poll represents 70 of traffic in the city now. There are some cities where they are doing flat fee pricing. In l. A. You can go literally hollywood to santa monica. There is nothing to contain that company nor travis as a founder. Emily do we see right hailing in m a . What happens to lyft . Announces that happening to lyft. They said this is a guy we could lose to. It is probably not the majority likelihood, but it is a real odds. Travis does not look at lyft and see that as at all. They promised their investors last year they would only lose 600 million in the domestic market. It is a brutal case for them. They get rolled up in an automated fracture. They try to do that and everybody passed. I dont than to is good news for lyft investors. Emily chris sacca there at dream force. I want to bring back my cohost for the hour, David Kirkpatrick. it is an chris interest to say great things about uber. What did he said that resonated. Some of the things he says make a lot of sense. They have a brilliant exit from china in a market that had no shot at. The fact that they got what they did from didi is amazing. Emily that is different than saying they are a winner in a winner take all market. If didi is going to be the winner, that is not winner take all, but a couple of winners. I dont think it is a winner take all market. Travis may be irrationally archer for no real but this is not irrationally entrepreneurial, but this is not an easy market. I think uber is an amazing company. Think about what he is saying with how cheap it is to do these uber pools. Think about who is doing that, the cut that the drivers who are not making very much money that the company is dependent on. I think uber doesnt treat their drivers well enough. Whenever i get into these cars they always city prefer driving for lyft or other companies but never uber. Theyre not going to get self driving cars soon enough not to rely on drivers. Emily then there is what customers have to say about these companies. Still to come, samsungs note 7 crisis could be on the verge of a lot worse. Details of the new smoking smartphone next. This is bloomberg. Emily in this edition of out of this world, a big step forward for blue origin. It plans to send tourists into space. They completed the most rigorous test of an escape system that would shoot passengers out and away from the rocket an event of a problem in the event of a problem. 45 seconds after blasting off parachutes deployed and slowly descended to earth. Blue origin aims to send tourists and to space next year and will sell tickets between 250,000 to 300,000 a pop. One of simpsons smart samsungs smartphones some to smoke and forced the evacuation of a plane. This is after they announced an official recall. The verge is reporting that the phone was actually one of the replacement phones that samsung just sent out. Samsung is staying tightlipped for now saying, David Kirkpatrick is here. And in the studio, mark gurman. What do we know and not know . We know that the family aboard that southwest plane with the replacement note 7 is saying it is a replacement. They sent the verge the black box with a code labeling which is a common replacement device. Emily, i thought that we were passed this. I thought we were done talking about these phones. I thought we would move on to a new topic, but it keeps coming up for samsung and it is already getting out of hand. Clearly there is a problem here. It is interesting to me that if the verge can figure out that this is a replacement device, how come samsung cannot say this is a replacement device . Are they embarrassed . Do they think they are making it up . How long does it take . Emily they are saying that they legitimately do not know yet. Theyre are also fielding activist investor issues where a Company CalledElliott Management is saying samsung should be relisting its core business on nasdaq. This is a huge company. There are a lot of different departments within this company. One wonders if they should be more focused. Maybe they should, but i dont think that splitting the company into is going to solve the problem. The problem here is that they wrote an amazing story detailing in the rush to beat the iphone 7 they did not put in the amount of testing that they should have in the battery components and supply chain. They need to refocus the management within the company, they need to change their procedures, and some of the weight should go into these carriers. Obviously they are trusting of their carriers, but when people buy an iphone, its that only apple, if you buy from the Verizon Store it is the verizon iphone. These carriers have their brands at stake. The carriers need to put more into testing. Emily david, samsung is in a vulnerable position right now and you have investors trying to take advantage of that but how vulnerable would you say this position is . I would say very vulnerable. If this proves to be true we have to assume it is not a dirty trick by apple or Elliott Management to make samsungs situation look worse. It would be a great thing to pull off if they could and nothing could make the company look worse but here is a company that is very opaque, familycontrolled Korean Company that really does not have what we would consider modern governance. I think the arguments are interesting that they really need to put in place much more temporary controls and government methodologies because they are proving themselves incapable of running the company properly. This into have rushed the replacement they seem to have rushed the replacement as much as they rushed to launch in the first place. They seem to be really screwing up and something has to change at that company. I think its terrible. Emily im sure we will be learning something. David kirkpatrick, you are sticking with me. Coming up, at ts acquisition path is taking a page from another telecommunications giant. A reminder that bloomberg west is now number technology. Is now Bloomberg Technology. We are at bloomberg. Com technology. This is bloomberg. Samsung surged an alltime high after activist investor paul elliott singer proposed the concept modernization, including a breakup of samsung. It includes operating company and paying shareholders a 27 billion special dividend. The record comes despite a smartphone, 7 calling causing the evacuation of an airplane in america. Shares trade a new the highest in nine months for fujitsu. The two sides are still discussing pricing and terms. Fujitsu would give the chinese manufacturer a bigger foundation to expand its share. Twitter plunged in extended trade after a rico report said that google does not have current plans to make a bid. Said that disney wont bed apple is unlikely to be interested. Last week, google is said to be working with a Financial Advisor on special offers. Want on reports that it may still be interested in twitter. Lets get the latest from the markets. We see japanese shares boosted all week by a weaker japanese yen in the currency has lost ground for seven consecutive sessions. The morning session with a financials and the Energy Sector leading the games. In the afternoon session, they are coming back 6 10 of a are sent. Check out these japanese stocks that have been moving this morning. First of all, lets take a look at fujitsu. They are reported to be in talks with lenovo to merge their dcr there pc operations. Keep an eye on the stock, down. 9 . After having already cut thereforeyour outlook and they could and theyre coming out with earnings this afternoon. Its look at the korean won. It is strengthening at the strengthening after five sessions. So do keep an eye on the korean won. Right now, at 11. 10. Emily this is Bloomberg Technology. I am emily chang. According to people familiar with the matter, at ts acquisition path started last year. The city company will shift its models so that it owns some of the videos that it distributes. Still with us to discuss our David Kirkpatrick as well as jerry smith. Explain what we know. At t supposedly has a list of targets ranging from 2 billion to 50 billion in market cap. We know that at t is very interested in getting a piece of hollywood. Distribute and content for people either through tv or their phone. For now, they want to create the content and own what theyre distributing. Emily this is a costly business. Can at t do this profitably . That is certainly a question. There are a lot of risks to taking this path. At t is seen as this old, stodgy phone company and now they are looking to get into the entertainment business and hollywood. There is the potential for a real culture clash there. They have a Hollywood Studio, Cable Networks out of that. Really, if you look at at t or comcast, this is a hedge against the distribution business. There are a lot of things that they can learn from their viewers that they might not have access to as a distributor. Emily is it taking a page from comcast, or stealing a page from verizon . It is both. Obviously verizon is trying to buy yahoo . They already own aol. It is basically a content company of the newer breed. It is very risky. Jerry is right to use the word culture. I dont think these companies have the culture to get into such a different business. When i look at these companies and i hear people from verizon and at t talk about it, you get a clear sense that they look at the googles and the facebooks and say, how come they are so powerful . How come they have so much market cap . We have all these mobile users. We should be that valuable too. They spend a lot of time ringing their hands and thinking of strategies to make themselves more like those companies. There are bigger reasons than culture. They are not Tech Companies in the same way, even if they are built on technology. It is going to be hard to see them really succeed at the bigger ambition which is buying a Hollywood Studio and having power comparable to those companies that they envy. Emily how would you compare at ts strategy to what verizon has also started to do . Verizon bought aol, yahoo at the core of verizons strategy is mobile advertising. They want to be able to deliver online video through aol and yahoo to your phone. They want to make it easy for advertisers to reach you through your phone. At ts strategy is still taking shape. One thing that is worth pointing out with at t like comcast is programming costs. Theyre work