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tv   Bloomberg Technology  Bloomberg  December 30, 2016 12:00am-1:01am EST

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>> it's 1:00 p.m. here in hong kong. donald trump said the u.s. should move on after president obama punished russia for allegedly hacking the election. intelligence agencies are being sanctioned and 35 officials are being expelled. russia rejects the accusations and says it will announce a series of countermeasures later today. early friday and mx traders say the move started below $1.05 in order snowballed above that level. the dollars on track to drop against all its major peers. gameeading for first major
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-- gain ahead of production cuts. crude seeing its biggest full-year rise since 2009 with u.s. stockpiles at their highest signal -- seasonal level in three years. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. bloomberg. afternoon trading just getting underway in hong kong and china. they are still in the green here as we had a whole raft of stabilization indications from data this week. mumbai, andkyo, singapore, this is the view from there as asian markets look like it is gaining. ♪ >> on caroline hyde.
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this is bloomberg technology. coming up, the obama administration's parting shot it russia for hacking during the u.s. presidential election. plus the roadmap for cable tv in 2017. our big network mergers the blueprint for streaming media? how the at&t and time warner marriage could be the new norm. addiction. now to our lead. the obama administration brings new sanctions against russian officials and agencies were trying to interfere with u.s. presidential election by hacking democratic party emails. the president said all americans should be alarmed i russia's actions. the data and disclosures could be only directed by the highest levels of the russian government. meanwhile a spokesman for the kremlin says the russian reaction will create quick discomfort for the u.s. and the
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sanctions aren't attempt to undermine the obama administration. extremism, counter senior policy advisor who was a former analyst for the cia. bothrful to have you joining our program. the u.s. has aimed certain peoplens at groups of and individuals. give us a clue and elaborate exactly who is the target. >> there are nine people and entities mentioned on the sanctions list. crucially there are two really big names. one is the fsb which is the inheritor agency for the kgb. intelligencee agency. the other is its military grelligence service, the you. we've been speaking to analyst all afternoon who say you won't necessarily see individuals at the gr you targeted as a result
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of being mentioned there, though individual members are mentioned as among the nine. it really is sending a huge signal from the obama administration pointing out the seriousness of their intent to name and shame russian individuals and entities as they press ahead looking for ways to punish russia for the election related hacks. caroline: the name and shame approach has been used by the obama administration before, but could there be covert action going on as well? >> absolutely. this is the obama administration's parting shot against putin. having said that, that does not close the door to covert measures, to potential covert cyber measures. we may or may not know about those, if and when they happen. obama in his statement did imply
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that this might not be the last of the retaliation from the u.s. it seems his days are waning, so if the administration is going to do anything else, we probably are not going to see it. the russians came out today saying they'd too are likely to retaliate. the other thing to watch is to see if russia launches any additional cyber attacks in the coming months. caroline: the fact that we are hearing already that russia might ring these countermeasures as soon as tomorrow, what are the people you are speaking to reacting in terms of the retaliation? potentially they are bracing themselves for russia? >> what we would likely know about in that case would be the expulsion of american diplomats. these things tend to operate on a tit-for-tat basis. you expel my diplomat, i will expel yours. at that would be a very public
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move. i think one of the things the obama administration was waiting in the last couple of months is how far down this path they want to go, because if they continue with covert action as well and press ahead with actions that would perhaps attack russian infrastructure or wipe hard drives owned by hackers or delete their bitcoin accounts, then you are really getting into almost the cyber war type of situation, and i can escalate more quickly. this is not just the expulsion of diplomats. there is a long historic precedent for that over years. but when you come to really escalating cyber war between two major world towers, that is something the obama administration and the trump administration would want to consider carefully. caroline: it's interesting you mention the trump administration. these sanctions were, in many parts, bipartisan.
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but it looks as though donald trump himself perhaps has been a little bit cooler to want to see any rapprochement of russia. we heard him discuss this yesterday. have a listen. mr. trump: i think computers have complicated lives very greatly. the whole age of computer has made it are nobody knows exactly what's going on. we have speed, we have a lot of other things, but i'm not sure we have the kind of security that you need. caroline: tara, he says everything and nothing there. what do you think is the reaction of donald trump? will he unwind all this? tara: i think what you saw today is a move that needs to be taken seriously. it is sort of unprecedented, and an executive order was revised to include deterrence to anybody messing with our infrastructure. if anyone in the future is to take cyber action that affects the election in any way, whether
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that is a leaking of emails or attacks on election systems themselves about that as part of president obama's executive order. it is interesting to see how donald trump will react. saying computers, k our lives does not seem like a policy response. cyber security is one of the most for most threats the country faces in terms of espionage, on private companies, on facilities like the pentagon, on our nuclear facilities. this is a serious issue, so to brush it aside those remarks last night does not demonstrate a clear policy. it will be interesting to see what donald trump does in response to this russian activity when he takes office. also, the action taken by the obama administration today is not just about russia. part of it is diplomatic in response to a problematic behavior, in this case a cyber attack that targeted deviancy servers and e-mails, is to deter future nonstate actors from
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doing this again. taking up measures on this is key to preventing bad, not just in terms of punishing russia. this might help the trump administration, because perhaps we might see less nonstate actors meddling. caroline: in a global perspective, we've got french elections, german elections, netherlands elections, and we know that potentially russia -- maybe the united kingdom is exposed as well. how much of this is a global issue? tara: it will be interesting to see if european countries will follow suit, and they will also designate those individuals and entities and not engage in financial transactions and trade and whatnot. again, you might see europe take
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action if they are the victim of a cyber attack. i will be curious to see if europe jumps on her but the united states. they may be. it is in everyone's interest to take on this together. caroline: thank you very much, nick and tara. thank you for your time. a jerusalem-based software firm announced a partnership with a mapping institute made up of german automakers. this is one of several partnerships formed this year between auto and tech. under the deal, mobileye's software, which uses data analysis to find a car's position on the road in real-time, will be integrated into mapping technology. shares in mobileye rallied today.
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up almost 10 percentage points on the day, the biggest move since august. still ahead, cord cutting continues to cause the media landscape to make big moves in order to survive. we will discuss what is ahead in 2017. at a reminder that all episodes of "bloomberg technology are now live streaming on twitter. check us out weekdays at 5:00 p.m. in new york. ♪
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caroline: facebook has more competition on the live video front. twitter has updated paris scope. it will now feature 360 degree live videos that can connect directly to the service. this is part of the renewed focus on live events. this allows viewers to tilt and rotate their phones for a full panoramic scene.
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now turning to the tv industry. this year, and $85 billion deal between time warner and at&t have many people wonder if this will be the new normal going into 2017. so, has cable tv reached at sticking point? joining us to discuss, joey smith and cory johnson. joey, i want to kick off things with you, because this has been a bit of a scene throughout 2016, maybe dating back to that. you see cable and content providers teaming up, getting in bed with phone companies. you see time warner and at&t. you've got 20th century fox over with sky in europe. even in the u.k. is this inevitable? do they need to become powerhouses across every screen?
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joey: that is the strategy between at&t and time warner. there are still about 98 million people in the u.s. that subscribed to pay television, but it loses a couple million subscribers each year. eventually, media companies are starting to look around and say this is not an industry that is growing anymore. maybe we need to partner up and find someone, whether it is another distributor, or partner with another media company potentially. everyone is sort of looking around in this fast-changing landscape, looking for some security. caroline: cory, not an industry growing tv, but there is an industry growing on the back of it, like hulu and netflix. are they destroying this? cory: i think so. there is a clear and present danger to the existing media companies. i think they know that. we can see the responses,
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companies like time warner who have had great success with hbo go products, other companies struggling with these things. there is also the believe that under a trump administration, they will be a lot more business friendly. the reason that some of these deals have been opposed by the justice department is not because there were more democrats on the fcc then there were republicans, or because there will always be that kind of a balance. and the justice department is under a different administration. the reason they opposed it is because it was bad for the consumers. the effect on consumers will not be different based on who was in office, but the approval might be different. caroline: we just heard cory talking about the way in which older media companies have responded. some of them are offering skinnier bundles. is that catching on? gerry: yeah, we are seeing more of that.
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recently, at&t introduced directv now, which has a starting price of $35 for 100 channels, although the price goes up. it remains to be seen how popular these are, but if they do catch on, there is a real threat to a glut of cable channels. some of these media companies have cable channels that get very little viewership. if these packages catch on where there are only 20 or 30 channels in them, we will start to see a lot of those marginal channels potentially get shut down. cory: it matters from an editorial standpoint. on a news basis, we want to have lots of providers, not few. from an entertainment basis, we have seen great entertainment come out of netflix like "house of cards," " luke cage."
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we have seen the same thing out of amazon, like "transparent," shows that would not have seen the light of day if not for these experiments. the notion of consolidation should be something that concerns consumers, not just the balance sheets of the businesses involved. caroline: gerry, so far we have seen the older guard consolidating. what about the new kids on the block? amazon has a lot of cash. will we potentially see them eating up some of the older content providers? gerry: i think there is always speculation going on. there was speculation about netflix and disney at one this year. another company we have not mentioned is buzzfeed. abc has invested $4 million in buzzfeed. i think we will start to see more and more of these old media companies and digital publishers joining forces, because the old
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media companies want their younger audience and the buzzfeeds of the world really like the money and television. cory: to your point, the buzzfeed deal is a g-route. netflix is a business that is not generate a lot of free cash flow. we might say the same about hulu, we don't know their financials, but right now it is still a drop the market. there are still very high valuations. these businesses can be supported by wall street when they can't support their own operations. that is a thing that could dissuade investments. if the rules of the road were to change with the fcc and netflix's costs would rise, that could affect the evaluation. disney could get a much cheaper deal under different fcc rules. right now, netflix can sustain themselves due to wall street, but not thanks to their own efforts. this prevents acquisitions from happening anytime soon. caroline: gerry, across the border as well.
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you see more mobile players buying into the television. what consolidation will we see across the border? gerry: we just saw 28 century fox by the rest of sky, the biggest pay-tv provider in the u.k. we are already seeing that. someone to keep an eye on is john malone, a pioneer in the cable business. he's got his liberty businesses all around the world, and he is certainly known for his dealmaking. the opportunities are growing, especially overseas where the pay-tv market is not as saturated as it is in the u.s. there are a lot of potential combinations internationally. caroline: thanks to bloomberg editor at large cory johnson and gerry smith in new york. coming up, the tech breakthroughs of 2016.
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can apple and google play catch-up to the runaway success of amazon echo? this is bloomberg. ♪
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caroline: amazon's echo speaker helped the online retailer report its best holiday sales yet. voice-activated assistance in the home is something google and apple can't ignore. reporter: the top five most valuable tech companies in the world are all betting big on the success of virtual assistants that respond to voice commands. the race really started with amazon's surprise hit, the echo. it is powered by a digital assistant named alexa. >> alexa, how many chicken chips has dan marino won? >> dan marino has won zero championships. >> how many oscars has alec baldwin won?
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reporter: hi april 2016, consumer reports state that amazon already sold 3 million devices. and it was cheap, selling it for the relatively low device of $180 a pop. >> it is one the fastest-growing businesses of amazon, and it adds to the ecosystem. they already have a bunch of traffic coming to their website, but this is a chance for amazon to grab the traffic which is not online. reporter: echo owners are spending an estimated 10% more time on after buying the speaker. amazon's stock has gone up more than 70% since the echo came out in the u.s. it is no surprise that google wanted in on the action. >> credit to amazon for creating a lot of action and excitement in the space. we are getting ready to launch something later this year.
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reporter: that something was google home. it hit the markets in october, priced 50 dollars less than the echo, and loaded with google's own conversational interface, which leaves us with the elephant in the room. >> hi, it's me. it is great to be on the mac. reporter: apple's siri has been out for five years, but it has been limited to the iphone. that could be a problem, because only 20% of smartphone users use services like siri on a weekly basis. >> amazon has proven that there is a customer demand and a sexy new kind of interface for information. apple would be insane to not get out there with a product that is similar. but it is all about the implementation, and it is going to be a real disadvantage to not have been first.
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reporter: then again, apple was not first to the smartphone and tablet market either. apple is pushing ahead with an at goes viral competitor, so we can only expect this market to keep growing in 2017, with forecasted shipments jumping 130% to 21 million. caroline: alexa has already slightly taken over my life. coming up next week, we will be live from the consumer electronics show in las vegas with a great lineup of guests and gadgets. the ceo of harmon, and tim harmon the ceo of aol. , don't miss our special coverage right here on bloomberg television. that does it for this edition of "bloomberg technology." "studio 1.0" with emily chang is next. catch our exclusive conversation with susan widget ski tells us about her plans to take original programming to the next level on the video streaming site. this is bloomberg. ♪
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greg i'm angie lau with an update of the top stories. china says it intends to further relax foreign investment curves with mining. the vice-chairman of the national development and reform commission making the announcement during a briefing in beijing. he said beijing wants to encourage foreign companies to list an issue stocks in china. always says it will overhaul its global uncertainty set to mount in 2017. and shenzhenstaff that expects revenue to have risen 32% of the last 12 months. now reaching almost $75 billion, thanks to strong performance
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across the business platform. italy's bailout has won the green light for brussels. the european commission has approved the request to use public money for the rescue to the tune of $9 billion. italy's lenders are struggling in the region with $360 billion. the japanese prime minister's approval rating is at a three-year high following his visit to pearl harbor, according to a survey by tv tokyo. it's up six points from a month earlier, to 64% now. 84% of those who responded agreed with his decision to visit pearl harbor. only 9% opposed. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. let's check in on how the markets have been performing in the asia-pacific.
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>> hong kong and taiwan with gains of over 1%. the shanghai composite of about .20% but set for the biggest annual drop since 2011. .10% andstocks up toshiba rebounding him a three day plunge earlier, adding as much as 10%. all in all, asian shares set for the first annual gain for the year and half the top performers were in the material space with gold helping out miners like evolution. let's look at how bullion is doing, regaining its sparkle as a safe haven in the trump area as the dollar sacks to the lowest level this week. the dollar weakness, the yen and euro, the yen touched the dollar.
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pbo said it slightly stronger and that's the view in asia. ♪ moste's been one of the powerful women in google from literally the very beginning. in 1998, larry page and sergey set up their business in their garage. susan wojcicki became employee number 16 and went on to build the search engine's critical advertising business. she urged her bosses to buy youtube for $1.65 billion. on the 10-year anniversary of
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that acquisition, youtube, under the google umbrella, has more than 1 billion users watching videos around the world , and wojcicki is in charge. joining me today, susan wojcicki. emily: susan, great to have you here. susan: thank you for having me. emily: google started in your garage in 1988. how did larry and sergey end up in your garage? >> i wish i said i had a good eye and kicked them out as students in sanford and said, come in my garage. i wish i could tell you that, but it did not work that way. what happened is i bought a house, and houses are very expensive in silicon valley, and i was a student, and so i wanted someone to help me pay the mortgage. they were looking for space, and it was just the two of them, and they had one employee and spaces also expensive, so they knew they could move into my garage quickly and easily at a
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relatively low cost for them. it was really appealing. they just moved in. emily: your mom was a teacher, your dad was a physics professor at stanford, and you have two sisters. tell me about a day in your household. susan: we grew up on the stanford campus, which meant all of the neighbors we had were professors around us, which influenced us because everybody was studying to do something and had a passion. and so i am the oldest, and i would say i am the more practical one as the oldest. growing up i was also creative. i loved making things, and i think that is what led me to computers. emily: how did you parlay your history and literature degree at harvard into becoming the ceo of a giant technology company? susan: i studied history and literature at harvard. i had no idea i was going to go into technology at all. if you had told me that, i would've thought you were completely crazy. i used to come home and do these
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temp jobs. i would have a week free and call a service and say, just place me anywhere. one time i was at a lawyer, another time place that the garbage company to answer the phone. i got placed in a startup then i realized, that is cool and i want to be part of it. i went back as a senior and decided to take the computer science class at harvard, which was crazy because there was no other humanity senior taking a computer science class, but it was really good and i got a good basis. when i moved back home, i came to silicon valley and i was able to get a job and i have been there ever since. emily: you were google's 16th employee. you worked on google images, google books. you built the ad business. how many hats have you worn in 18 years?
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susan: when you join a startup, you have to be willing to do whatever the start up needs you to do. part of it, because i did not have a fixed role, i was always looking for the opportunity, and so, look, there is an opportunity. nobody else is working on image search. there are all these other people working on the text search, but images would be really cool. today that is a very popular search. i think doing a lot of things and having the freedom to move around the company allowed me to see a lot of opportunities and grow them. emily: it has been 10 years since google bought youtube, and you wrote the original justification plan that convinced them to buy the company. what did you see back then? susan: i did a spreadsheet, but i also believed in youtube. there was one video we had and that video convinced me and showed me that people all over the world can create content and
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be entertaining. the video was of these two students in their dorm room, and their roommate is in the background doing his homework, and they are singing to the backstreet boys and they are incredibly funny. i still laugh when i watch it. that was our first hit. i realized that people all over the world can be creative and funny and that other people want to watch it. and i thought, if it continues like this and continues to grow, this could be big. emily: i always hear this about youtube, it has become so much but it could be so much more. susan: well, i think the growth has been amazing. the fact that we have one billion people who use youtube every month -- that is a big number. there was a study done where they went and they asked teenagers, who are your stars? in 2015, they said eight of the top 10 of their stars were
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youtubers. emily: it has been three years since you became ceo. what is the personal stamp you want to put on the company? susan: it has been really fun. i love being at youtube. i love meeting the creators. i love the creative aspect of it. i love the way entertainment is being opened up to anyone. i also really care deeply about the value that we have, the freedom of expression, and the fact that people all over the world can use it to tell their story. when i think about what we want did you with youtube and how we want to grow its, video has never been easier to create or watch. we think about ourselves as a platform for the next generation of media companies to be able to create content. we also want to work with traditional media companies so that content can be distributed all over the world. emily: some estimate the value of youtube as $70 billion, that it could easily be a standalone company. why is it not, even within the alphabet family?
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susan: it is an important part of google, and we benefit from a lot of things being a part of google. we run on google infrastructure. and we also benefit from google's ad team. we are a company within google, and so we have all parts that a company has, sales, marketing, engineering, and so we have some of the benefits of being within google, but are able to be a standalone brand within the company. emily: how do you feel about getting the mom question?
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♪ emily: you were google's
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first employee to go on maternity leave, and you joined google when you were four months pregnant. tell me about telling them, i am four months pregnant. susan: most all of the other employees were students, who i do not even think they had a girlfriend, let alone thinking about having a baby. i was in a completely different world from them. i told them up front that i was pregnant, and they -- it took them a minute to register that, but then they actually thought about it and, you know what? we are going to build you a day care. i said, you only have 16 employees, you do not have any revenue models. i said, it is ok, i'm glad you are supportive, and yes, i'm going to join google. we have always been very supportive of families, and we continue to operate that day care today. it's just been really hard to scale with all of the employee growth, but we do continue to operate the day care.
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emily: you have five children. you are a hard-working mom. how do you feel about getting the mom question? susan: i do think it is a question that a lot of women have, so i also want to be open and share my point of view and share my experiences, because i think women want to hear about it, and men want to hear about it, too. having kids and working, it is hard for both sides. emily: how do you do it? how do you run youtube with five kids? susan: the main thing for me has been to focus and prioritize, and so i'm really good about saying, this is my work time and when i'm in the office, i am really, really focused on what i am doing, and i am prioritizing. i always thought about, how do i get from point a to point b as quickly as possible? i can't stay until midnight, i
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can't weekends. in some ways, it actually caused me to see some of the shortcuts, some of the new opportunities because i'm thinking, how do i grow this faster, really quickly? let's just forget about all of those other things that are growing slowly, not going anywhere, i do not have time for that. i have to focus on the big ideas, and we have to get them done now, and so that is actually really good for tech, because tech is about growing big ideas quickly. i use my work time to focus on that, and when i get home i really try to focus on my family, my kids. my husband is very helpful. to be fair, as i have risen in my career, i have been able to have more help at home. i think the hard part -- and when i really struggled was when i had my first baby. i did not know what was doing at work, you did not know what you are doing at home, and you do not really have any support at home or work. i think that is when it is the hardest. emily: what do you think about lean in? susan: there are a set of women that read it and say, this is
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very helpful for me, and i think there are other women at say, i have made a very conscientious choice not to lean in, that i want to be able to spend more time with my family, not working, and so i think some women find it offensive or disagree with it, but you know? i think of it as a business book for women, and so not everyone wants to be in business. not everyone wants to lean in and i think cheryl was open about that in her book. to the extent that you have to, there are many women that have to work. i think she has great points about how to ask for a salary, go advocate for yourself. i think it really applies to a lot of women that want to work or have to work. emily: what about in places where there are still barriers like, you cannot lean in if the door is shut? susan: there are a lot of ways the world can change to make things easier for women.
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the reality is those things get changed by having more women in the workforce, right? so, like, summer camps. when i was growing up, i do not remember there being summer camps. we just stayed home all day and did nothing, but now there are so many choices like karate camp, computer camp, computer camp, art camp, design camp, and so i think that is a way that the market has responded to, there are all of these parents that want their kids to be able to do activities during the summer, here's an opportunity for you. emily: how big of a problem to you think it is that women are underrepresented in technology? susan: i think it is a big issue for the world because we are missing voices, innovation from women that could be creating all of these great products and ideas and services. i think technology is missing out, and it is a problem for women because you look at it and say, women have made a lot of strides in the workforce, and here is this huge economic driver of change, and women are
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not participating in it. if tech is what is driving the new jobs, it is what is driving change, what is driving influence, and women are not part of it and they are not part of that change, that is a problem. emily: google, for it being one of the best companies to work at, has the same dismal numbers as everybody else. why is that? susan: you look at the people graduating from college and you still see that the overall number of women having computer science degrees is, at the most, 20%. today there is a pipeline issue problem. but then you say, why is there a pipeline problem? once you have a pipeline problem, it causes other issues, right? if you are asking that 20% to go into an environment where 80% of their peers are male, already you may be at a disadvantage when you graduate because you
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are going into a more male environment. i think the question is, why do you have the pipeline issue at the beginning? at some level, it is a problem where women think that computer science is boring, not interesting to them, or they would not be good at it. what happened to me is i saw that computers were creative, and i love to create, and i was able to overcome some of the challenges that may be some of the stereotypes about it being very geeky and numbers driven and boring, and see it as the creative industry as it is, and i wish more women would see that. emily: how much would youtube spend on original programming?
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emily: how much will youtube spend on original programming this year, next year? susan: it is the first year we have been in it, so we have been learning about creating shows. we've actually been really pleased with the shows we have created and the feedback we are getting from our users. emily: what is the most successful show? susan: pewdiepie has the most subscribers. he is a gamer who plays games, does this really funny commentary. he did a real-life game where he was put in real situations that were like a game. emily: twitter, amazon, and facebook are pursuing live feeds. susan: we do a lot of highlights for sports. we did that in the whole football season, did really well on youtube. a full game, right? those are very competitive and a lot of people are bidding for them, and they are really expensive, and traditional media are also competing for them. i think a lot will change over the next five years, but at this point right now we are really focused on the highlights so
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that users can see those key moments. emily: how do you think things will change over the next five years? susan: the bigger players have stronger ad models, subscriptions, and it will be able to compete for more of the sports rights. emily: the headlines talk about youtube at war with the music industry. everyone from taylor swift to paul mccartney is saying that they do not like the way you do business. you see a future where there is a middle ground? susan: working with the music industry, i learned there are a lot of constituents in the music industry and they do not all agree with each other, right? there will be labels, artists, publishers, and so i remain very hopeful that as the online models of subscription and advertising become more developed that over time we are able to come to a place where everyone agrees on that future vision. i actually think we are getting there, because we are starting
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to see the online subscription and streaming numbers pick up. we are starting to see more revenue from advertising. we have put up $3 billion for the music industry since inception. we have good growth numbers. i think as more time goes by, it will become more clear on what these models are and will be more aligned. emily: how are you thinking about vr, because people think google needs to buy or develop their own. susan: i think everyone is trying to figure out what is the best way because it is a new medium. we have a very large collection of 360 degree video. we are leaning in and see this as a great way to have an experience where you can really immerse and experience the story. emily: harassment is a problem for a number of different technology companies, and if you look at the comments on youtube, they are not kind. what are you doing to get that
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under control? susan: i think that is a really important area that we are putting a lot of energy into. we have community guidelines, anything that promotes violence, hate, that would violate the community guidelines, so if there's something on our platform that violates those community guidelines or that a user feels uncomfortable with, they can flag it. and it goes to a queue, and they can decide if it meets the community guidelines. if it does not, we will take it down. we are trying to do more. one of the things we just did that i think is really impactful is we created this program called creators for change. there are creators that are taking these tough topics and they are doing a great job to encourage understanding, to encourage empathy. we gave them additional funding. we have a fund of a million dollars that we gave to them. we are promoting them on social media. so the idea is, how do we get creators that is so influential themselves to help remote these positive messages of
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understanding and empathy across youtube? emily: where do you think youtube will be in the next 10 years? do you see it becoming more like netflix? susan: our goal at youtube is to be the platform for the next generation of media companies, and if you look at youtube, it started out as cat videos and people uploading things they saw in the backyard, and then we had creators that started doing it for a living, and now we have this new generation of creators that are building media companies on youtube. i think over the next 10 years, you will see that there will be a new generation of these media companies that have really strong followings, are able to create amazing content, it's going to be global, they are going to be able to interact with fans, and i am really looking forward to being a part of that. emily: susan wojcicki, ceo of youtube, thank you so much for joining us.
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susan: thank you for having me. ♪
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>> russia says it plans a proportional response as u.s. president barack obama imposes sanctions on moscow over hacking into the u.s. election. a sfrons president-elect donald trump. runs up against his own deadline to restore order after his high profile withdrawal of 86% of the nation's currency. and a computer-generated order with a surge against the dollar before pairing gains. that is trump dollar gone too far?


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