INDUSTRIALS AND NOW THIS.
GOOGLE IS PLANNING A BIG
EXPANSION IN NEW YORK CITY.
AMAZON MAY ESTABLISH ITS SECOND
HEADQUARTERS HERE IN THE CITY AS
WELL.
LOOK WHO IS HERE.
GARY SHAPIRO HE'S PRESIDENT OF
CEO OF THE CONSUMER TECHNOLOGY
ASSOCIATION AND WROTE THAT BIG
NINJA FUTURE SECRETS OF SUCCESS
IN THE NEW WORLD OF INNOVATION.
NOW YOU'RE NOT KEEN ON TAKING A
QUESTION ABOUT GOGGLE AND AMAZON
COMING TO NEW YORK CITY.
BUT 50 *EU78 GOING TO ASK IT
ANYWAY YOU'RE IN THE TECHNOLOGY
FIELD.
WHY ON EARTH WOULD ANYBODY IN
TECHNOLOGY WANT TO MOVE TO A
CROWDED HIGH TAX METROPOLIS LIKE
NEW YORK.
>> I GREW UP IN NEW YORK NEW YOR
>> I GREW UP IN NEW YORK NEW YOK
>> I GREW UP IN NEW YORK NEW YOA
>> I GREW UP IN NEW YORK NEW YOD
>> I GREW UP IN NEW YORK NEW YOI
LOVE BEING HERE BUT IT IS VERY
HIGH TAXED AND OUR HEADQUARTERS
LOCATION AND CRYSTAL CITY, WITH
VIRGINIA IS ALSO A FINALIST FOR
AMAZON SO WE HAVE A STAKE IN
THIS ONE OF THE FEW SMALL
BUSINESS OWNERS THERE.
>> EXPLAIN TO ME WHY BRING
12,000 PEOPLE TO A HIGH TAXED
CROWDED CITY.
>> PEOPLE ARE IN NEW YORK AND
SMART PEOPLE LIKE YOU ARE
ARRANGED HERE AND WHY ARE YOU
HERE?
>> I'M OLD AND I DON'T LIVE IN
NEW YORK CITY.
[LAUGHTER]
ANYWAY I'LL MOVE ON BECAUSE --
SENSITIVE TO THE SUBJECT I'M
SURE.
>> I LOVE NEW YORK BUT I ALSO AM
FIGHTING FOR VIRGINIA RIGHT NOW.
>> DON'T GEEKS UNDERSTAND HIGH
TAXES FOR HEAVEN'S SAKE I'M NOT
CALLING YOU A GEEK.
>> BUT TAXESES ARE SO HIGH HERE.
WE HAVE A SCORECARD WHERE WE
RANK EVERY STATE HOW INNOVATION
FRIENDLY THEY ARE.
NEW YORK IS IN SECOND AND TAXES
ARE ONE OF THE ISSUES BUT THEY
HAVE HIGHLY EDUCATED POPULATION
FOR BROADBAND SPEEDS AND
INCREDIBLE LIFE TO LIVE HERE SO
STATES DO DIFFERENT THINGS TO
GET A UNIQUE STRATEGY.
>> A GOOD ANSWER AT LEAST THEY
CAN GET AWAY WITH THAT ONE.
NOW I WANT TO TALK ABOUT REAL
STUFF.
YOTD READ YOUR MATERIAL AND YOU
SAY THAT CHINA IS UNFAIRLY
HURTING AMERICAN TECHNOLOGY
COMPANIES.
MAKE YOUR CASE IN WHAT WAY ARE
THEY HURTING?
>> FOR MANY YEARS TO DO BUSINESS
IN CHINA YOU HAVE TO HAVE A
PARTNERSHIP.
YOU HAVE TO HAVE A LOT OF
AMBIGUOUS LAWS AND RULES AND IT
IS RECENTLY THEY'VE BEEN JUST
BASICALLY STEALING EXTRA
PROPERTY.
NOW THEY SWITCHED THEY'VE BECOME
INNOVATION NATION THEY HAVE A
GREAT STRATEGY OF THEIR OWN.
AND THEY'RE WILLING TO CHANGE.
THE ISSUE WE HAVE IS --
AND OTHER ISSUE WITH CHINA IS WE
ARE FACING --
A WITHEN NEXT 10, 20, 30 YEARS
CLEARLY A BATTLE BETWEEN
DEMOCRACY AND TOAL AARONISM
BETWEEN LIBERTY AND FREEDOM AND
CHOICE OF ACCESS TO INTERNET
FREEDOM EVERYTHING THAT WE
STAPGD FOR AS AMERICANS AND
EUROPEANS FRANKLY.
AND CHINA'S APPROACH IS NO
PRIVACY, ALL DATA CAN BE USED
FOR AI.
WE HAVE A DIFFERENT APPROACH SO
WE ARE GOING TO BE FIGHTING ON
ANOTHER LEVEL BUT TARIFFS ARE
TAXES.
TARIFFS ARE NOT THE ANSWER AND
THAT'S WHY --
YOU KNOW, THIS GOES BACK TO
HALLLY WE HAVE THOUSANDS OF
ECONOMISTS --
YOU'VE GOT IT.
YOU'VE GOT IT BUT --
HOW ELSE DO YOU GET LEVERAGE ON
CHINA TO STOP THEM DOING WHAT
THEY'RE DOING?
TARIFFS ARE THE MAIN REASON,
MAIN WAY OF EXERTING LEVERAGE.
>> THERE'S A HUNDRED DIFFERENT
LEVELS 10% TODAY 25% JANUARY
ONE, JUST YESTERDAY A PUBLICLY
TRADED COMPANY THEIR STOCK
TANKED BECAUSE THEY SAID WE HAVE
TO TAKE AN EARNINGS CHARTS FOR
TARIFFS OF 5 MILLION THIS IS NOT
A BILLION DOLLAR COMPANY.
AND THEY'RE DOING THAT AND
THEY'RE OBSERVING IT AND WE'RE
HEARING SCORE OF EARNINGS
REPORTS BY ONE IF WE GO TO
THAT --
YOU'LL SEE STOCK MARKET REACT
VERY CLEARLY AS IT HAS LAST
WEEK.
TRUMP GOT UP THERE AND STARTED
MAKING PHONE CALL TO CHINA JUST
TO CALM THE STOCK MARKET BEFORE
THE ELECTION.
NOW, IF HE DOESN'T CUT A DEAL OR
DO SOMETHING AND PULL BLACKNESS
WE'LL FACE TROUBLE WITH A LOT OF
COMPANIES.
>> DEFENSE SECRETARY MATTIS
MEETS WITH COUNTERPARTS TOMORROW
DISCUSSING SECURITY AROUND THE
PACIFIC.
THE PRESIDENT MEETS WITH WITH XI
SURELY THEY ARE MOVING TOWARDS
SOME KIND OF ACCOMMODATION AND
MOVING TOWARDS IT BECAUSE THE
PRESIDENT IS TAKING A HARDLINE.
STANDING FIRM --
>> WE HOPE SO.
THERE'S A THEORY BECAUSE NO ONE
KNOWS WHAT WE ARE ASKING IT'S
NOT PUBLIC INFORMATION.
SO THE CHINESE CAN'T RESPOND AND
THAT PRESIDENT JUST WANTS TO
ISOLATE CHINA FOREVER WITH HIGH
EVER TAS AND THAT WOULD BE
DEADLY SO SUPPLY CHAIN AND
DEADLY TO A LOT OF AMERICAN
COMPANY.
PLUS OUR FARMERS AND OTHERS.
PERFORMANCE SEE HOW IT WORK OUT
BUT I WANT TO ASK YOU ONE LAST
ONE.
SAMSUNG I'M SURE YOU KNOW
THEY'VE REVEALED THEIR --
FOLDING FOE IS THAT HOW YOU
DESCRIBE IT AT THE FOLDING PHONE
THAT AT THE DEVELOPER KERCHES.
IS THAT INNO ELEVATIVE IS THAT
THE BIG NEW INNOVATION?
>> DEPENDS ON FOREIGN FACTOR BUT
IF YOU WANT TO LEARN MORE CS IN
JAN WITH AN AMAZING --
WHY NOT?
[LAUGHTER]
THIS IS CES SHOW BIGGEST
TECHNOLOGY SHOW IN THE WORLD IS
ANNUAL EVENT.
BIGGEST BUSINESS EVENT IN THE
WORLD 180,000 PLUS PEOPLE 4, 00
COMPANIES ARE EXHIBITING.
WE HAVE 1200 START WE HAVE LIKE
EVERYONE KNOWS THAT, SO YOU
DODGE THE YES.
IS SAMSUNG FOLDING PHONE
INNOVATION TO MAKE A REAL
DIFFERENCE?
>> CONSUMERS DETERMINE WHETHER
IT IS REAL INNOVATION OR BUY --
YOU HAVE AN OPINION ON IT?
>> I HAVEN'T FELT IT BUT I'LL
TELL YOU AND COME BACK.
[LAUGHTER]
>> YOU WANT ANOTHER COMMERCIAL
TO THAT.
I KNOW YOU DO.
THAT WAS FUN AND WE REALLY
APPRECIATE YOU BEING WITH US.
TELL ME AGAIN JUST OUT OF
INTEREST, WHEN IS THE CES
CONFERENCE?
>> IT IS EARLY JANUARY.
YOU CAN GO TO OUR WEBSITE TO SEE
IT BUT IT IS A BUSINESS EVENT
NOT CONSUMERS BUT YOU HAVE TO
HAVE A LEGITIMATE BUSINESS
INTEREST TO THERE.
>> CAN I PAY TO GET IN?
>> YOU --
WE WOULD TAKE YOU AS MEDIA WITH
OVER 5,000 MEDIA THAT COME THERE
SO WE WOULD BE HONORED TO HAVE