♪ >> welcome to "lunch money." i am adam johnson. facebook hits huberty. and game day, get a room. finding a bed at the super bowl ranging from the expensive to the less expensive. central bankrld, smacked down. the indian bankhead is not happy. and we will look at the business of transforming stadiums. and finally in sports, pro football. dan reeves oh has the big job, but not everybody gets to be top

dog. all right, what everyone is talking about, a big deal. >> google is selling its motorola handset business less than two years after buying it. they agreed to sell it for lenovo for just under $3 billion. remember, google bought them for $12.4 billion. >> hold on a second. 2.9s now selling for billion dollars. that sounds like a huge loss. sold thehas already set-top box business but would keep some of the patents, some 2000 patents and the trademark portfolio all going over to lenovo. >> ok, there are some numbers over there. does anybody have an envelope? >> at of the envelope, this is my personal stationary, and and they're math, all all sorts of sources for this coming and we have got the

$12 number. take out cash. take out set-top, and there is the value of the patents. got the taxe losses, carried forward, and here you have got the cocktail party in dominoes and all the other expenses, and you come out with actual profit. >> so what you are saying is that google did not lose money on this. >> no way. >> and this is a good deal? >> what i am hearing is that this is a really good deal for google. >> ok, a good deal for google. yesterdaypage spoke on the webcast. a great product base that we withbeen focusing on strong leadership at low novo. they have the expertise and track record to scale this into a major player.

they have got a lot of experience. ok, so a positive larry page, reserved, but still positive after the deal was announced. let's get another perspective, the pros and the cons. >> this deal basically happened because of intellectual property, a threat of litigation. >> they wanted the patents. >> they wanted the patents. selling the patents to other people, maybe suing google, looking at windows mobile, so in that dimension, the acquisition was a success, but they also really had some big rings for motorola. they got in a longtime executive to run it, another they brought in to motorola, and the phones were interesting, but it never really achieved promised that they had for it. >> at was rad stone.

motorolaned the ceo of mobility who was brought into pump in some energy, and we caught up with them at the consumer electronics show. that was in las vegas, you might remember, a couple of weeks ago. >> we are trying to build a brand around lenovo. people did not have a brand that could impede with galaxy and the iphone. we are only five months in. a really high experience device with android. an intuitive android device compared to some of our competitors. >> ok, google looks like it is moving on, and motorola is happy also. and then there was the purchase of the low and ibm --low-end ib m -- the low end. hasas said that lenovo jumped the shark.

that is a curious way of putting it. and this is what we heard from the head of the lenovo u.s. operations from last week. >> we are number one commercial. so we are going to leverage that. our customers ask us to expend -- expand more. this gives us an opportunity to have a bigger portfolio. >> all right. the deal can serve as a lesson to another big company, and we are talking about microsoft, which is about to acquire another smartphone maker, nokia. microsoft has lost ground in the mobile software markets, but with nokia, this gets into hardware. can microsoft do the hardware- software dance? >> there are a few things that are different about the nokia deal than the google deal. they are in a position where they do have -- do not have anyone else, so they can start

to well the hardware and the software together to get a different experience. >> a big factor in trying to make this deal is figuring out microsoftxt ceo of is. steve ballmer is retiring once the successor takes over, and if you have not heard, microsoft is having a hard time with this. a no from the ford ceo, so that is one guy off of the ceo list. and another was elevated to a ceo spotify was rumored to be a 's,cessor, so that is two no and then there is another one where we are crossing our fingers. aroundeally are focused here, and as long as the board supports me, i would want to stay here. i think this is a fantastic company where we are going. >> so close.

is this a job that nobody wants? there is still reportedly a contender, along with some other internal candidates. stay tuned. ceo getting another milestone. facebook, turning 10 next week. how does he feel about it? .nd the central-bank smack down and then before we go to break, take a look at this. another justin bieber siding. flashing lights and screaming fans, there you will find a popstar. he turned himself in, not for drag racing a lamborghini but a charge of allegedly assaulting a limo driver. the 19-year-old is scheduled to appear in court march 10. ♪

♪ onthis is "lunch money bloomberg television, and we are also streaming online and on your phone. jumped in the final quarter of 2014 for facebook, and more than half of that revenue came from mobile devices. facebook also meet estimates for profit. >> they are really looking to fulfill their potential as one of the fundamental communications platforms of the planet. i think they are in some ways playing a role like e-mail plays, but they are one company. owned e-a one-company- mail, and now you have this incredible platform globally with all of this incredible data, and they are figuring out how to make money off of it, and the upside, i have to say, is really huge, in that they have shown they can convert it to a mobile business. about aight, so how

review that is a little less than glowing? >> everything seems to be going way up, way up, way up, and then you look at the number of users, and it is only going up by a little bit. obviously, some people do not have the internet. isis unlikely that growth going to accelerate. the last earnings call, a big mistake was to say they were almost saturated in the market. it looks like they are basically saturated almost in the entire market. that is not to say they have a bleak financial future. they are able to get more and more out of each user, and they can take advantage of mobile, and so growth may not be huge, but the numbers will still be huge. >> the company is turning 10 next week, and it is also on the cover of bloomberg businessweek. ceo mark zuckerberg recently talked about the big day. >> the first 10 years of facebook, and one of the things

that i remember from really early on, i had one of my friends that i used to do most of my computer science problems with in school, and now he works at facebook and runs most of our engineering team, and i remember after releasing the first version of facebook at harvard, we had this conversation where, all right, it is awesome that now there is this utility and community at our school, but clearly, someday, somebody is going to build this war the world, and it did not occur to me that it would be us. >> yes, actually, it was him, and biz stone got a chance to sit down with the ceo, and here is his take. >> here are the things that bloomberg learned from mike -- mark zuckerberg on the eve of their 10th anniversary. this big anniversaries year. facebook is turning 10, he is turning 30 in may, and it is the 10th anniversary of his date

with his wife. such milestones. a lot of time thinking and writing about this period, and one thing that emerged was gratitude, so we decided to write a thank you note to somebody every single day. number two. numeral apps. facebook users do not want to see changes every time they log on. his answer is a creative lab. over the next year, they will be introducing independent mobile apps that may not even have the facebook brand affiliated with them, like instagram. app calledp is an paper. it is like a news reading app clipboard which will allow users to browse stories and updates from their friends on their phones and tablets in a visually appealing way. number three, flexibility on identity. inside facebook during its decade, an idea that users should use their real name, but

now a lot of teenagers or activists would like to communicate anonymously. zuckerberg says he understands that, so we are going to see a lot of apps that allow users to communicate anonymously if they choose. number after you are, connecting the world. there are three or 4 billion people around the world who are not on the internet. his plan is to bring people online and onto facebook. this is something called rg, to build wireless and internet networks in foreign countries. he says he does not have a particularly good answer to that yet, but he compares his idealism to the passion he felt when building the network in a dorm room 10 years ago. >> all right, so let's get an outsider view. what will facebook look like in 10 years? >> the difficulty for facebook is that it is basically true.

we get kind of bored by it. it seems less fun, and that is true or people that have been using it for a long time. excitement is waning, and then it makes it more difficult to hire people and it becomes a boring utility company. zuckerberg does not believe that is true. what is certainly the case is they built an entirely new layer to the internet, and everything that gets developed has to interact with facebook. you see that in the news business where the traffic comes from facebook. that is going to be the case. it will become an essential valve for all of this. >> facebook hits puberty, the cover story of the new edition of bloomberg businessweek that hits the newsstands today. the new york jets owner's says ownersk will benefit -- say new york will benefit from

the super bowl for years to come. we will take a look. and while we gear up for the super bowl, china is gearing up for the lunar new year. they are lighting up the cities, celebrating their most important festival. there you can see courses and swines, and some western characters. celebration kicks off tomorrow and lasts for 15 days. happy new year. ♪

day, super bowl just three days away, they claim they are going to generate nearly $600 million for the metro new york area, but not everyone is buying that.

>> when we asked the nfl where they came up with the number, a company, ands then they will not tell you. none has comears, close to numbers like that. $200 million would be one third of what the nfl says, but others say it could be from zero to $100 million. they will be spending their money, but other things do not get spent on. people coming to hotel rooms, but then there are people who would come for other reasons who do not book the hotel rooms, and then some would go to broadway plays or go out to dinner, but only a few restaurants will get that impact, so it is not as big of a field as you would think. also, because new york is new york, you do not see that much of an insulation. >> all right, with all of that

skepticism, we decided to ask the cochair of the super bowl host committee and also an owner of the new york jets, and we asked him what he thought. >> yes, it has been estimated anywhere between 500 million to 600 million. you can argue, and you will get from both sides, particularly in the last month, but you're going to get a legacy in marketing, as john has been talking about, for years to come of all of the impressions of new york. people are going to say, that looks like a fun place, so let's go. >> the head of the super bowl committee just has to be working with one that reopened their hotel. >> we have 396 brand-new rooms. we were closed for several weeks. >> which is a shame. >> the regency is reopened.

the home of the power breakfast is now back, so we look for a very busy couple of days, and then we are up and running. ok, so maybe you are not showing up at the regency, but don't worry. from bloomberg businessweek, we have got some other ideas for you. >> are you one of the 400,000 people expecting to come to new york for the super bowl? guess what? you are in luck, because everyone, it turns out, is looking to cash in on your stay. i checked out three places for the big game where you could hole up, including this one only three miles away from metlife stadium. good morning. >> this is chris. he is listing his two-bedroom apartment for a $200 per night. now, that might seem pricey, but it does come with leftovers. >> i am not going to clean that, and if they clean it out, it is ok. >> of course, the apartment

comes with a supersized tv and his incredible collection. >> yes, yes, yes. >> $800 a night -- $1800 a night. >> i have only put it up a few days ago, and i have had some inquiries. weody has committed yet, so will see. >> i am here in new jersey at odge, and they have a special suite that they are hoping to rent for $800 per night. let's take a look. your standard fare, knives, leather furniture, microwave and fridge combo. oh, yes, a lot of hotels have a jacuzzi, but how many have a jacuzzi in the bedroom? this heart is only one of the amenities you will have here. there is a sheet thread count that measures in the dozens, and

the view. you have got a beautiful, wholesale frozen fish distributor right across the street. >> on the other side of the spectrum is the new york palace hotel. this is not a living room. it is part of the 5000 square feet that make up this week, which, by the way, goes for wendy $5,000 per night. ordinary guy, i would take this grand staircase to go upstairs, but i am not going to do that. i do not want to be hypercritical here, but where is my marble heart above the bed? where is my jacuzzi in the room? is the jacuzzi, not in the bedroom. it is up on the roof. so for $25,000, you not only get three bedrooms and six bathrooms.

with the super bowl, you can spend anywhere from $800 to $25,000 per night, and if you do, that is wonderful, but most of us will probably watch the game the way it was originally intended, on our tv at home. >> thank you. all right, super bowl, minus three days. we are talking ads tomorrow. we have got a whole lot more with players talking about life after football. perish the thought. and the fed bank of india governor is not happy. we are going to hear from him. ♪ >> 26 minutes past the hour, that means bloomberg is on the

markets. i am mark crumpton. stoxx regaining their strides after yesterday's up and down session, seeing green across the board on wall street with the and we areials up, watching ubs, the shipping giant, who said fourth-quarter profits fell. we are also watching a sports apparel company that is beating estimates. we are back in minutes. ♪

is "lunch money" on bloomberg television. today's moving picture, where the video is the story. sickresident taking a leave. conditionespiratory and also a high fever. this is according to the website. this is him meeting with an eu official. no indication of how long he might be bed ridden. not a lot of sympathy from protesters, who still want him to resign.

minusatures there are four degrees fahrenheit last night. passengers got sick. peopleise -- hundreds of had stomach really -- stomach problems. leftlanta, ice storms have thousands of street -- of people stranded. some stores took in as many as 300 people. the vice president spoke to people this morning. localwent to establishments to buy food. we also had snacks and coke and water and things like that. product.ll that

>> quite a story. the roads areed still icy and still a threat. bankers areal defending their currencies. an effort to stem the flow of capital leaving -- -- yesterday, the fed announced another reduction of $10 billion a month. he wouldanker says appreciate a little coordination. >> the national multi corporation -- they have to play a part in restoring that. they cannot wash their hands off and say, we will do what we need to. that, -- west on

are in the process of doing that. they may not like the kinds of adjustments we may be forced to do. >> not mincing his words. hurt bying markets were which flowedy, into the economies and made it easier to forget about the that had to bens taken. this came on top of the fact emerging markets tried to by hugeglobal growth fiscal and monetary -- it overlaid already strong stimulus from the countries. the reason the emerging markets were unhappy is because this was going to make it difficult to do the necessary adjustment. want usd, what do you

to do? now, withdrawing the money, they are saying, you complain when it went in, and why should you complain when it our out? it distorts economies and has the money coming in, which made it more difficult for us to do the adjustment which would lead to growth, and prepare for the money going out. should the federal reserve take market pain into consideration when deciding policy? we take it to the former head of the israeli central bank. he will likely be in the room with janet yelling. -- janet yellen. >> worry about the rest of the world to much except to the extent it affects the united states. >> if emerging markets get hurt,

could the u.s. get hurt, too? with regardentive to countries short of dollars. a big crisis, they will do something to protect the world economy. >> it is hockey kaluz at yankee stadium. another stadium gets revamped. we will take you inside the l.a. forum next. ♪

>> status getting transformed. the yankee stadium transformed into an outdoor hockey rink. the rangers beat the islanders as part of the nhl six outdoor series. >>l the games help ratings? it is a mass marketing event may be forever. as manythey want to do

as they can. they are concerned about doing too many. they hope to bring in new fans to the nhl. >> the ceo of said these games prove the brand can be a lot bigger. are they accomplishing that? >> they are trying to. they hope to bring in fans who kind of like hockey but are not committed to any particular team and make them viewers and grow think they are on their way. >> i thought it was fabulous last night. i watched every minute. it was so cold, it was like you and me. it was a fast game. class a fast game. troubleers had a little . there was not a lot of hitting. i think it was too cold. >> the point to the speed of the

game, does hockey translate to television? is that the ultimate challenge? itit really does not and never will. one of the beauties of hockey is the sound of hockey. you never pick that up on cv. >> i think you should bring the cameras down. youome up with a way to put more into the game, but it is hard to follow. >> what can hockey learn from football. i think it is learning from football. the outdoor games where the nhl is saying, we have to do something different and unique, creating a bed and building around that, they are taking their many super bowl's into the outdoor arena. you try to learn as best you can. getting a arena makeover. no ice. they are trying to make this one hotter. jon erlichman with a tour.

hosted everyhas big musical act you can think of. it has really had to battle for attention. >> this place just got a massive makeover. let's check it out. over here, you have got some of the eagles equipment. >> to give the forum a proper facelift, $100 million were spent on renovations. >> arguably the most important at oneenue in the world time. he really saw the opportunity to original to its splendor. >> we ripped everything out and basically gutted the building. ♪ if there is one -- >> if there

is one thing that makes it the concert premier venue, maybe not just in the u.s. -- >> i have got it. >> one thing, the sound. is the bestaid this sounding building in the world. >> it is no accident. and itt sound all over is already a great sounding building. >> for the rock stars, stylish hangout rooms. the games room. a fitness room. >> i get to test my fear of heights. the forum.top of if you are a lighting expert, you can just walk along star wars like. ♪ i also noticed you guys have your own mood lighting. >> yes. we call it a starry night. >> that is cool.

>> pretty incredible. >> that is cool. from the arena to the working world, dan reno talks about lights and how he is helping athletes find jobs. former nfl players can make it happen next. ♪

click this is "lunch money." we are also streaming live. i am adam johnson. in sports, three days away from super bowl xlviii. a great game. the days that pros hang up their cleats, that is tough. the life they know is over. that is where one nfl quarterback can help. dan reno is an ambassador for the life reimagined row graham. time careerl passing yards. third all time for career

touchdowns. marino spoke -- >> as you are going through your career and whatever it may be, what you want to get into as far as your second career, it will help you. it is a platform. it is your personal gps. you can go there and get information. it was about relationships for me when i was playing. building relationships outside the sport area kind of finding what your passions are. either when you are done playing, more prepared and ready to go. i played 17 years. tvad my idea i wanted to do and get into businesses. but i did not know for sure. i suggest, and i talked to current players, you always try to get in to a field you have a passion for. will help you navigate

that. if you are a former player looking to make a change in your life, you could jump on the website and find out what you would want to do and they can help. >> he has been a cbs pregame analyst since 2003. not everybody could get on tv. two former nfl players can provide you with something else. the ultimate super bowl experience. cost $7,700. particular, it comes with a private jet that flies in. they have a car service that picks him up there. >> what is an exotic car? a lamborghini? >> something you probably cannot pronounce. then, from there, they are taking -- take into their private penthouse. you have everything catered for them and their group here in most of the time, corporate guys or athletes are coming in with a group year they have a dedicated lifestyle manager on flight with them the whole time walking them through their dedicated

itinerary to the private parties and tv events, dinner reservations, and making sure theirhing is exactly to likeness, and getting that experience conversing with former players, doing a meet and greet and so on. i am hosting a super deluxe super bowl event, i want to keep it cool and keep everybody in their interesting. i do not want a bunch of rich nerds. >> it is a thing where -- relationships, where we are the cool kids out of the sports world -- >> i get that. you are. >> we make sure at the end of the day we make the experience matter. the experience matters. get into this? >> we had two different career paths but had the same goal. for myself, i had a very brief i understood the leverage and the meaning of walking through those doors and i wanted to expand that experience for the duration of my life.

from that, i understood the difficulties in sickness and medicine going on with specialist sports. we want to have access and longevity and live a lifestyle for a certain time but we do not so. -- know who to do i made sure i've added everyone and i just the part and look the part and talk to the part consistently. sure id to make represented the brand. i wanted to be a value added and not a liability. with the relationships we already had from the nfl and the nba sports world, we are able to go in as a whole instead of an individual. when you take off the helmet, you no longer represent the team. you are representing a company. you do not have to feel like you are alone out there. that vendor and provider wants to do business with our company. >> former football players starting out with all kinds of businesses. here is betty liu.

>> you look at a military or a police officer and you look at the discipline and really striving to be excellent. we want them part of our team. with the former athletes, allowing them a stepping stone, a transition to the business community. >> why such a hard time adjusting? >> a lack of training. we are so focused on getting ready and physically and mentally training with strategy. while we are doing that and focusing on that for a time, we can look at those in the business and they are training in the business. play one year or 10 years, all the sudden you lack that experience. i do not think if it is -- i do not think it is a matter of intellectual knowledge. >> should the nfl be more proactive in helping this along? do more.l can they have been doing more. we are looking to partner with them. the nfl is a great institution. with all great institutions, it

is not perfect. there are a lot of things we can improve upon. we hope to be one of the entities helping them do that. >> what are you helping the football players find? class crowd management is our number one bread-and-butter. security. protége company. they are number one in their field. we look to go into that business and expand beyond that government contract. we have management opportunities. opportunities. marketing opportunities. so many opportunities to get our guys back into the game they helped create and make big. -- mr. he mistry mary meets, a little more dan marino. >> he would kill for my driving gloves. >> get that guy's pair of gloves. it is freezing out there. >> this, the great sack. >> yes, it is.

lalalala., ♪

>> bloomberg television is on the markets. i am mark crumpton in new york. let's get you caught up on today's action. a rally underway on wall street being led by data showing rising consumer spending and corporate earnings that beat profits.

major industries are on the rise are the nasdaq is up two percent. , 162 point rise for the dow. today'sers inside on market action, michael is on the floor of the exchange. of au see today as a start move higher or the bright spot in a downward trend? >> for those reasons. i believe much like when you take an empty jug, and submerge water, this continued -- it continues to be a leader on the upside. whole, we are in the middle of a five percent correction. so abrupt and this has been a refreshing pause. >> you think we are seeing a

momentum relief rally. you do not think it has legs. >> not at all. there is good economic news per se. surprised aearnings couple today. that is why you see a little bit of euphoria. as a whole, we are seeing a correction in gold. a rally in crude oil is keeping a lot of people at bay. the u.s. dollar, i have been a big proponent. some have seen it all together. >> gold is down the most in six weeks and last year it fell 28%. that was the most since 1981. are investors living -- a faith reason>> they have every to do so. violating 1200, that is where you start putting in a really nice base in precious metal and

you find excellent support. goldnk a long position in at least are welcoming this move lower today. another $25 lower, you start to see value. >> the market rallying. is this being driven by the volatility of the markets in emerging markets specifically? >> the volatility was a precipice we were looking for to start the year, maybe not to this extent we are starting to see but a lot of treasury markets were starting to give the indication that would happen. one of the reason we saw the dollar last week is because of the fed. the tapering really helps that market. a good six month position of being a along the dollar will be a very successful and fruitful trade. .> joining us from the floor

always good to talk to you and thank you for your time. we are back in 30 minutes. "bloomberg west" is next. s♪

>> live , welcome to the early addition of bloomberg west. i am emily chang. the focus is on innovation, tech knowledge he, and the future of business. google selling its motorola handset is this for $2.9 billion and this has major implication for the relationship with all those who use the android operating system. first, an exclusive story about the future of facebook. celebrateepairs to its 10 year birthday next week. i am joined now here