>> live from pier three in san francisco, welcome to "bloomberg west" where we cover innovation, technology and the future of business. president called today's attack against jews praying in a jerusalem synagogue and active unjustifiable terror. the president appealed for calm in the reason -- in the region after four people, including some with dual u.s. is really killed byp work people wielding axes. see for has filed a complaint in the unnamed people

bidding process. they say they have identified possible misconduct, including theible bribery in awarding world cup to russia and qatar and referred the matter to swiss authorities for investigation. "grand threat -- and -- grand v" isauto roman five -- pushing the game further, allowing players to have sex. >> this is a criminal setting, gritty underworld, and it is art. i embrace that art and its youthful. but let's make no bones about the environment in which we operate. we stand shoulder to shoulder with other major motion picture releases and television shows that explore a similar universe. >> he says he sees a market for both console games and mobile

games. spotify is moving ahead with its expansion even with taylor swift pulling her songs from the service. the cofounder says the streaming service plans to add 500 more workers to improve the spotify app and expand to more countries. he says spotify sees plenty of opportunities in the u.s. which is already their biggest market. -- how manyead tesla cars are really hitting the road? it's a bit of a mystery as tesla makes more cars but fewer of them are registered to the u.s. drivers will stop hedges and company in a study commissioned by bloomberg found tesla cars,red 21,008 hundred up 40% over last year. but new registrations only leaving9331, down 33%, the whereabouts of 12,490 cars unknown.

were they simply sold overseas? tesla says a majority of its third-quarter sales came from america or have they simply not sold them all? cory johnson is here with me in the studio and kyle stock is in new york. you have been tracking tesla sales closely. what happened to these cars? >> europe is definitely a big story. they are selling more there. the company is not super keen to give a play-by-play every month. it is fair to say a lot of them are there. the factory and dealerships here in the u.s. isn't quite as straight and smooth as the company has let on bus far. .- let on the us far >> what is your take on this? >> why would tesla exaggerate the number of cars sold?

in the history of time, when we see companies who want to demonstrate great gross margins, they push a lot of product through the factory because it improves gross margin. it is worth noting the metric wall street pays attention to more than any other for tesla is not revenues, it's certainly not the losses, it's the number of cars they make. sold a don't say they lot of cars are made a lot of cars, the stock plummets. if they say they made a lot of cars, the stock goes up. but it leaves the question of where are the cars going? >> what has tesla's response been to the story? >> they are not keen to talk about registrations will stop that's not a theme that comes through. a talk vaguely about orders and deliveries, that's the number they give to the street. strong, deliveries are as is their take has always been a demand is unfaltering and

that's the most important thing. as a bring production up to meet that demand, the polls should be happy. is not musk says demand a problem for them, it's actually production. >> ok. he can say that but in our home state of california, we see teslas all the time. we live in fancy neighborhoods in northern california where people have access to a car that cost $100,000. but their sales in california are down 43% year-over-year. as the car gets longer in the tooth, that number -- the number is what the number is. they are registering fewer cars in this state and the cumulative number of cars is going up. but the growth rate is tanking. they are talking about new cars in the future. announced new cars and

it's a problem for tesla. us numbers about how big their backlog is. they stopped giving the number -- maybe it doesn't look as good or maybe it is that her. that number is great but what we can see, it's not so good. there were a lot of peculiarities about where this car is being sold outside the u.s. europe, 40% of european sales are to norway. great dealsffered for people buying tesla cars there. they are facing a lot of headwinds and the car is really cool, but the marketplace is not embracing it as if it is a ford taurus or bmw five series. those cars are selling so much better than tesla and increasingly so. --they are genuinely up generally up and to the right,

why don't investors call them out on it? >> there is a lot of momentum in the stock and everyone is pretty thrilled the production is finally coming out. they are excited about the new model, so you see people get out here and there as the numbers looked shaky but it is momentum stock and still an exciting company. >> it certainly a story that will -- that we will continue to follow. ahead, huber is going after journalists, hiring is goingrs --uber after journalists. one senior executive is raising eyebrows today. that's up next. ♪

>> i'm emily chang and this is "loom request." is uber targeting journalists?

the vice president said the team of researchers should dig up dirt on journalist critical of the company according to buzz feed which said that michael was particularly upset with the reporting of sarah lacy who has written several stories article of uber. in a statement to "bloomberg west" michael said the remarks attributed to me bored out of frustration over an informal debate over what has been sensational coverage of the company does not reflect my actual views and have no relation to the company's views or approach. they were wrong no matter the circumstance and i regret them. said we spokeswoman have not, will not investigative journalists and have no basis in the reality of our approach. joining me now is a bloomberg reporter who covers uber and cory johnson. this happened at a dinner in new york and the investigate -- and

the vice president thought it was off the record. the buzz the journalist said he was never told the remarks were off the record. what is your take? >> i think he probably went a little bit off the reservation and felt comfortable speaking off-the-cuff at a dinner, but you know who is in the room. the guy from buzz feed was not the only journalist there. michael wolff was in the room, another journalist. this feels to me like an example of uber just not growing up. these sorts of things were maybe more ok when it was a little start up that was trying to move quickly and be seen as the underdog. but this is a $17 billion company and these executives need to act like adults.

>> she describes the moment and set a chill ran down my spine. getting out ofst their bath and pulling up their pajamas and the this company was willing to cross would affect him. doesu think about it, uber have a lot of personal information about everyone who uses this service, journalists included. it is kind of scary. >> and there is a history from this from companies in silicon valley. there was a notorious scandal 2005ulep packard in about hundred were following journalists, going through their three--- pre-texting, they were hiring people to pretend to be a person to find out about all the phone calls that person had made. >> this was a huge, huge scandal

. >> and there have been companies that have gone after journalist in the past, so let's be clear -- this is not isis, this is not journalistseat to right now. but i wonder how much it does tell us about uber itself and this comes in the context of uber raising money at the same time its competitors are trying to raise money to say to their competitors and starve them of cash will stop this comes amidst is makings that uber fake calls to their competitors so they won't have a successful service. is dumb't think uber enough to do that. the fact that he suggested this as an option in an informal setting is a little frightening. but i think the company is probably smart enough to not actually go down a strategy like this. this was even

suggested as an option -- >> we are looking at photos right now of him on "bloomberg west." he has been on this show in the past. he has admitted to calling investors who were interested in potentially investing in lyft and saying we are going to raise another round. or the ride was an incredibly hot chick campaign in france. they are notoriously aggressive in their tactics, but this is certainly over the line. >> the french campaign was different. that was a local team trying to talk to their local constituents. it was still a dumb idea to try to get people to ride with models and think that would be ok and it was a bit of a pr nightmare. not another example of uber

being able to keep everything under control will stop >> i thought delivering cats was just as dumb. >> it is not offensive. >> the anti-competitive stuff is serious. going after journalists is that of trying to fix your business, running your business best to win, these are things other companies don't do. it's not common behavior in silicon valley. >> he has experience in washington and is an adviser to the pentagon. this is a dirty, political lay to go about running -- political way to go about running a business. as a politicalr campaign and we need to run it as such. >> and they just hired david lust to run their marketing. what kind of job does he have ahead of him? >> he's going to have his hands full if the executive keeps saying stupid things like this.

he cultivated a reputation of being a jerk early on which he says was necessary, but it's a big, important company now and they cannot act like a little startup. >> what does this mean for uber customers? if they can say it and retracted that they are going to go after the personal information of one reporter, what does it mean for a customer they don't like or other business partners if this is the way they are going to run their business, it's a serious change in the way companies are run here. >> he certainly a polarizing figure. to investors who absolutely love him and compare him to jeff bezos and the dedication to the mission. and then there are stories like thank you so much for joining us today. i obviously don't think this is

the end of this story. is trying to make exchanging money a snap. find out why the photo sharing site is teaming up with square and how secure their new payment product could be. ♪

>> welcome back. the at that make sure photo disappeared now wants to help you make your money disappear. snapchat is partnering with square to offer snap cash -- a quick way to send and receive money from friends with your mobile phone. snapchat users can open a private chat and hit a button to send cash using their card information stored on square. but will it be secure given

snapchat's prior security issues question mark joining us is the security atproduct june group. june group helps drive social ,edia traffic to sponsors brands like coca-cola and mcdonald's. used square cash in the past and it's almost a too easy way to send money. what do you make of snapchat now doing this and how popular could it be? has a lot of hurdles to get over. on the surface, you have two companies that could get something out of this. forakes a lot of sense snapchat to want to give users another sense to give up the phone and use their application. they are drawing plans that are taking place on someone else's playground. the operating systems are owned by google and android and if they decide to compete in this area, and it's a little

different than google wallet and apple pay, but only a few days -- a few degrees off. it's going to be hard for them to gain traction with this. snapchat says square will have all of the sensitive information. does that include that it is safe using snapchat's history? >> yes and no. snapchat does have a rocky history. they had a pretty major breach with lost user names and phone numbers. the plumbing is done by square and square has a good track record and may focus hard on it. but that does not put snapchat out of the woods. in fact, what's going to happen is if a user chat gets compromise, the bad guys are going to take the money and that falls under the responsibility of snapchat to keep track of it. now think about when you login

to snapchat, how strong of a password in those different controls -- if that falls apart, you are losing money and not just pictures. course is trying to change things up with facebook messenger and they've got the former head of paypal running that roddick. it is certainly something that makes sense and facebook has alluded to in the past. trying tond twitter start these operations that have not taken off will stop what does it mean that snapchat has done it first? >> you are correct to point out the broader landscape and you have all these players wanting to replace the magnetic strip of our credit cards in various different ways, including a group of retailers that includes walmart, best buy and a number of others. landscape and a big opportunity.

i would not be concerned about being first but think about how it's going to play out. you said it was so easy for you to use but it would not be usery -- not be easy as a to sign-up. a lot of users are younger users and they are not going to be too interested in putting in a credit card and put them a whole process to get rigged up with this. this partnership faces a lot of uphill battle. those youngerk users might care about their security? >> up until this point, it was just to send a picture. they are not going to think about all of those ramifications. there goes that money and for users that may not have a lot of money, having it all wiped out at once would be painful. >> i'm interested in this because of my own personal experience with square cash but we will see how popular this becomes. tank you for joining us.

former blackberry ceo torsten hines joins us to talk about his new gig of ceo of power match. will he have more success than he did at blackberry? >> is 26 minutes past the hour. let's get you caught up in how stocks are trading today all health-care companies leading that rally and trading in the benchmark. highlighting some movers for you -- shares of the advisory firm by the for the most -- most since april after announcing it plans to sell more shares. shares have climbed since its

ipo seven months ago and check out shares of urban outfitters -- falling to its lowest levels since 2012 after it reported third-quarter earnings that missed estimates. we will be back in two minutes.

>> welcome back to "bloomberg west." former blackberry ceo torsten hines has a new job -- he left blackberry after failing to reverse the companies slumping market share and now he's on to his next challenge taking over the reins of power matt technologies, an israel-based company that enables wireless charging of mobile devices. betty liu sat down with him to speak about the new role. what you look at communication and wireless has , we going through, we call serve the -- we surf the internet where ever we are, but

then you get to the point and say do i have enough juice in my battery and how do i keep going? we still have these people in airports looking at power outlets to plug-in. i think we are on the verge of serve -- of solving the next egg problem by allowing people to wirelessly charge wherever -- allowingbig problem by people to wirelessly charge wherever. >> and they can do it simply and easily. table, put it on the it on the surface and here you go. andt is a great innovation it's also one of the frustrations of investors with this company who felt like it had such a big market potential but generating very little revenue. you going to take power matt to the next level?

>> startups go through these various phases of inventing something in changing directions . it's never a straight line. >> blackberry was not a startup when you take it over. years youck on the are at blackberry, do you regret anything? is there anything you would redo again? >> i don't regret the time at all. started.citing when i blackberry invented it. we rose the revenue to about $10 billion. that was lots of fun and then things get harder. years were quite rough. but someone had to do this. we had to put it in a whole different context, a very dramatic and strategic change.

if you look back, it is always 20/20 hindsight. point, you have huge pressure. the new management team can execute upon and i wish them all the best. platforms carry them into the future and they really manage to turn that company around. think john chen is doing a good job? >> this is not what my position is. i think his team is continuing that path on a very disciplined execution, so fingers crossed they are going to make it. >> you mentioned the last two

years were very rough. what were people not understanding that you felt like was the toughest moment for you? >> in order to change the business model of blackberry, you have to separate the hand set -- there was a monthly recurring fee. in order to become an enterprise player and get some play, you have to break it up. it sounds easy but it was a whole new strategy of how you develop the product and enterprise. i think i could say at that time it was not well understood or well communicated, but that was the crucial element of the strategy i laid out and we executed against. >> where do you think blackberry has the biggest opportunity? is it in emerging markets or software? >> clearly like barry has a play an enterprise. it is the most secure platform, the most modern operating

system, that gives blackberry room to explore things way beyond just handsets or enterprise. think about this topic we all talk about -- the internet of things or the internet of everything -- that business will need what blackberry has because you want all of those parameters to be secure. secure onis the most the planet on this one? i think the team is executing in doing what they need to do. >> what about the blackberry classic? >> that goes back to the leverage of the original blackberry. >> would you buy it? >> i bought a passport. >> i know during the last few years you were at blackberry, a lot of talk about selling the company, whether it remains independent, given how it is slowly being turned around,

should it be for sale or should he give blackberry a chance to grow as an independent company? >> i cannot really give advice on that. after one year, i am probably too distant from that. is a card the board will have -- it is a decision the board will have to make and i will watch it, but i don't need to give any advice to the board will stop they will do the right thing. >> it sounds like you are a blackberry loyalist. >> absolutely. >> no iphone? >> no iphone, no other thing, just blackberry. meet created from plants actually go mainstream? we will take you inside a company that says it has come up with a meat substitute that tastes and feels like the real thing, next. ♪

>> i'm emily chang in this is "bloomberg west." down, samwinding grobart got a look at the technologies that may disrupt our life in 2015. today, we are talking about alternatives to meet. biggest complaint about imitation meat is not only the taste but the texture. one company says it has found a solution. this is the year ahead. about meet,ink there's only so much efficiency you can wring out of the system. we need to think about it differently. founder and ceo of beyond me and our mission is to create meat from plants. >> for decades, people have attempted to make imitation meat out of plants but the appeal has been limited because, well, the imitation has never been that convincing.

>> what is meet? i think about it from the perspective of what is in meet? the pits, carbohydrates, minerals and water. they are abundant in the plant kingdom. we are extracting them from plants and assembling them in the architecture of animal protein or muscle and providing meet directly from plants. >> what makes beyond meet different is instead of trying to take a product like tofu and pass it off as chicken, it is figuring out what makes chicken chicken and then rebuilt it from them or like you learn -- from the molecular level. you might think the key is getting the taste just right. flavor is important but it's not the most important inc.. >> the single most important innovation we were able to create, it gets back to texture. dates back to our familiarity with animal protein, with that feeling on the teeth. >> they're able to create a

texture through a combination of heating, cooling, and pressurizing the proteins naturally found in plants. >> am going to try some of this chicken. the texture is the key. feeling -- you used the word fibrous, stringy in a good way. >> that without the fiber, you are not going to get the mainstream penetration. >> the company is currently selling two kinds of plant-based meets -- trick in -- chicken strips and ground beef. both are designed to mix with other ingredients in salad and sauces which makes their job passing is meet easier. 2015 will be a make or break year. they are per pairing their next audit, a burger. it's a way taller order than chilly, but they think they've got an edge. once you start rebuilding meat from the ground up, you can do more than just make a facsimile of it.

you can actually make it better. nowhat you're having right has more protein than beef, more iron than steak from a more calcium than milk a lot more antioxidants than blueberries. it's a super meat. >> if they are able to create these super foods, the question becomes are we going to see a meatless future? >> i don't biggest necessarily realistic to think we will stop consuming meat. i think a niche population will do that -- if you look at heart disease, the national epidemics we have, they are correlated with meet consumption. if you look at climate change related to livestock, i can make an impact by changing out the amino acids at the center of the dinner plate and that's really exciting. >> for decades, meet alternatives have been stuck in health food ghetto. beyond meat hopes to get out of that by nudging up to plant-based alternatives that

are indistinguishable from the real thing. if they are right and you can tell difference between chicken chicken in their product is better for you and the environment, the company is betting its future on the hope that you are about to become much more of a vegetarian menu -- vegetarian than you planned. >> sam grobart there. be sure to turn -- to tune into the "year ahead" special. we will look at 10 innovations that will change everything you know about tech, food and medicine. crumptonine" with mark joins us with a preview. >> former missouri governor a -- evan or matt blunt will join me. is the current president of the american automotive council. we will discuss last week's aipac counsel and whether issues important to the u.s. were discussed. i will also talked about currency manipulation the impact

it has on the u.s.'s big three automakers. back to you in san francisco. agency isy no federal more in the hot seat of a federal communications commission. the head of the national cable and television -- alec a medication television and former chairman of the fcc, michael powell joins us next on "bloomberg west." ♪

>> welcome back. i'm emily chang. the decision on whether the government will allow comcast to buy time warner cable is just round the corner. the ceo of comcast told reporters in san francisco last week that the company is full steam ahead with the acquisition even as president obama came out against the idea of internet fast lanes will stop that could -- internet fast lanes.

tori johnson looks at the lobbying efforts comcast has made trying to push the deal through. >> in washington, there is lobbying and then there is lobbying. the $44 billion proposed merger between comcast and time warner cable is an exercise in lobbying. comcast has spent eight teen million $810,000 in lobbying last year, more than any other company except for defense contractor northrup government -- northrop grumman. a lot of that money went straight into the campaign coffers of politicians. $59,000 to john boehner, $37,000 to mitch mcconnell. $27,000 to greg walden. $25,000 to harry reid. but the real power in washington -- take this guy, a former navy smeal -- former navy seal. they gave 18 million dollars in

it the tophat made five lobbyist and all of washington dc. and before that, the chairman was tom wheeler. president obama named him chairman of the fcc, the very body that will decide the fate of this proposed merger. for anyone at the fcc thinking about their next job, the former chairman of the fcc, michael ansil is the ceo of the ta. she is one of 107 lobbyist trying to use all of comcast's power, influence and money to urge washington to accept this deal. cory johnson is in the presidentith the ncga

and former fcc president michael powell. >> we are talking about this notion of going from government to go to the private sector and the private sector is informed by that and so is government, but sometimes when people look at that and see the numbers going back and forth in terms of lobbying, they are concerned. should they be? beyou should always concerned to make sure your government is acting ethically and appropriately, so i think it is a legitimate question. i think it gets overstated by simplistic looks. i left the fcc for six years before i ever entertained a job in the industry. i had an ethical obligation and personal choice not to do any work for companies i regulated for many decades. making mymy life career in the communications sector, so it is pretty legitimate to ultimately have employment in that sector. >> is the policy so complicated that when the fcc is looking for

someone they have to go to tom , 70 with close ties and has been paid so much money i the and history? >> you have to ask the president of the united states what went into his choice. >> i would much rather talk to you. >> he was in the trade business 30 years ago. is there a statute of limitations to return to service? i think they need talented public servants and the president is looking for someone with that background. he was widely heralded as somebody with a deep understanding as the material and it is pretty complicated. >> talk to me about the membership companies and what they want -- companies like comcast and time warner cable. what do they want out of this ruling of net neutrality? >> our membership is pretty diverse and somewhat in contention with itself.

we also represent all the content companies like viacom, disney and fox. >> in terms of revenue, who is giving you most of the money? >> argues dues are rated by subscription and size will stop members pay a disproportionate amount of dues but it's well spread across the membership. i don't think that buys you influence over the choice that they make. we are a trade association and yes, we lobby but we manage the , thetries trade show industries development of public policy, we represent the industry like i'm doing today in the media. we are sometimes doing the legal work for filing with the federal communications commission or other arms of government. there's a wider array of things we do. i spend very little time on the hill.

>> this issue of comcast and that neutrality -- they say we section 706believe provides more than ample authority to impose rules. companies along with the telcos have led the broadband revolution. title ii, which would make a public utility out of the companies that give us the internet versus the existing regulations. but do you think? >> i think the means start confusing the hands. i've never seen such violent agreement on the core objectives. everybody wants to stop blocking and prevent throttling. most of our companies have said they have no interest in paid prioritization and for 20 years, without any net neutrality rule, they have not engaged in the practice even a handful of times and everyone is some porting increased transparency. then you get into the legal

minutia and that's when you get to this debate. wheeler's plan was somewhere in between. >> our concern is not about the core net neutrality obligation, is the unintended consequences of what comes with that. the most heavy body of common carrier regulation that exists. it was built by at&t for a monopoly, it is 1000 pages in length, it has hundreds of rules that would make no sense when applied to internet infrastructure, and the government cannot to our satisfaction give you the confidence that it would rule wisely in the administration of those unintended consequences. >> we have really slow internet speeds in this country compared to a lot of big countries with big businesses and big geographic footprints. france, we have slow internet speed.

compared to south korea, we have half the speed they've got. doesn't the current structure award -- reward companies for not investing? countries cherry pick to compare us to and the united states would look outstanding. of the top 16 regions comparable life-size, six to nine of them are the united states. we're a company -- country of 300 million people jogger may. the network doubles in speed every 18 to 24 months. increasingwe are speed 50% annually. >> inc. you for coming on the show. we appreciate it. >> thank you all for watching this edition of "bloomberg west ." remember all the latest headlines all the time on your phone, tablet, on bloomberg.com

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line," theis "bottom business intersection. -- with the mainstream perspective. to those of you joining us from around the world, welcome, we have full coverage of the stocks and stories making headlines today. the globalns is at financial leadership conference in florida, where she will speak live with steve forbes. shelby holliday tells us how the lights in times square are takingup