cory: live from three in san francisco, welcome to "bloomberg west." i am cory johnson. as a check of your bloomberg top headlines. raising interest rate by the justice department is considering tearing up the years old settlement to prosecute a new case. people familiar with the matter say the fed -- combined -- can't find banks for any crimes after the settlements were negotiated. a mall owner rejected a $22.4 billion takeover from a rival. the board said simon's's offer

failed to reflect the full value of the company's portfolio. many from california to arizona. hillary clinton must turnover her personal e-mail server saying a third party will determine what is and what is not. >> american people deserve all the facts on what happened in benghazi. it is important secretary clinton turnover her personal server to a neutral third party. i think this is the fairest way to make sure we have all the documents that belong to the public and off -- and ultimately all the facts. cory: house publicans proposing 5.5 join dollars in spending. they would cut medicaid and food stamps and partially privatize medicare. fcc chairman tom wheeler tells

the house oversight and government reform's committee that president obama -- crafting the new rules. they do not show the new rules until after the plan. apple excepts android's flown -- phones under the trading program according to a person with knowledge of the program. apple wants to accelerate gains made against android smart phones from competitors such as samsung. now to the lead, the buzz and silicon valley for the last month has been financed. a lawsuit filed against her former employer. looking for $16 million in damages. plenty of big-name wit misses to a partner who tired -- who

testified yesterday. perkins is the best place to be a woman in business. joining us right now is redstone and sarah frier. the trial that makes silicon valley shutter. why is it a shuddering? >> for many reasons. this is one of the brightest lights in the capital universe. this is also done a really the best job in the firm of evangelizing female lead entrepreneurs. here they are ironically being called by one of the partners. also one of the stories we're working on next week. the trial demonstrates a lot of what is being talked about. not about these very visible forms of sexual harassment, but the subtler biases. that is really what the cases about, whether she was treated differently than the male

partners. cory: i think that is why this resonates. here we are, two white dudes but that is kind of a common scene in silicon valley where men far outnumber women wear white dudes and asian men outnumber women as well in the workplace. >> when the case was filed it was before "lean in" and before tech company started releasing their dismal showings. it is a world in which it is called out when you make calls. everything is very sensitive to all the things mentioned in the case. whether she was told she had to take notes, even though she should have been at the same level as the men. that is really the thing people look at here and think, i have seen myself in that it i have

talked to a lot of women in tech and i do not know what happened to ellen pao will, but i do know that looks a little bit like me. >> she is alleging she was kept out of meetings, that she did not get the same seats on the board that males got. is that the essence of her case? >> there is more to it. the kind of behavior she was criticized for was exactly the kind of behavior prized in the male partners. being combative having strong opinions, having sharp elbows with colleagues. she had negative performance reviews. she is alleging there was a double standard. there are other comp locating parts of this case that make it a trial. she had a consensual affair with a coworker and after they broke up, the coworker made her life miserable.

cory: the senior partner with the firm, a few details emerging from the child pair that seems to be a central part of the complaint that in some way, it was consensual but should not have been allowed in that they were treated differently when it came out. >> she was not a perfect symbol of a woman being wronged. sometimes, maybe she could do everything to get deals done, and she is saying, you should have listened to me when i did this or that, but a lot of the trials are really hinging on, issue likable, issue somebody we can trust, is she somebody in a position to be at the firm,

whether or not she is a woman, just raced on her personality? that makes it a lot murkier. cory: worked for years and years while she was at morgan stanley. she was a tech analyst when i was a very junior position. known remembers this, but she made some really bad calls and plenty of good ones. i am sure she heard of that from the trading floors where the environment is anything but warm and welcome. when she compared what perkins was like at wall street, she said, it is fantastic. >> that is right. an irony here is that they have done a better job not only in investment banks, but at other venture capital firms. if you look at the website they look like the directors of the

moose lodge from 1912. and they did a much better job. at the same time, there is a real question as to whether, in the leadership, which, at the time, the operating committee -- whether they weren't sensitive to some of the softer and subtler forms of bias. cory: does she have a shot here at winning the case? >> she is one of the first people to bring this kind of thing out into the open as the industry is discussing these things. she has a chance but a lot of these things will be very carefully decided and the jury is asking all the right questions. cory: "bloomberg west" will be right back. ♪

cory: i am cory johnson p this

is "bloomberg west." the labor department says 39 of 50 states out of jobs in january. six is 7300 jobs in january. the second place, ohio. shale producing north dakota continues to have the nation's lowest unemployment rate of 2.8% despite the collapse in oil prices. sony's profit in the third quarter surged. image sensors and ps for konsyl, sony delayed the fallout after the hacking of the film "the interview." the heck cost the company $50 million. super mario coming to your mobile device. a new partnership with nintendo will develop games for outside mobile platform for the first time. here is nintendo's president. >> i often hear nintendo is in a

crisis situation p ryan well aware we will not be able to survive if we do not act accordingly to the changing industry trend and customer tastes. the deal came at the right time and will generate great synergy to both sides. cory: the big switch for nintendo which previously thought it could survive by just selling games for its own consuls. apple is reportedly fine-tuning its television plans. the wall street journal says the company's is online debut will be this fall and could operate two dozen channels on apple devices, including cbs and fox. universal will not be a part because of its falling out. for more, let's bring in the president of a research consulting firm via skype. we believe the final apple tv which we heard was a major undertaking by steve jobs, still alive as walter isaacson's look

will be published? what were happen? >> it looks that way. i have been expecting it for a while. i think we have got another example of another reason some people will cut the cord. cory: does an apple tv need to be the device? could it be something else more like what they have already got? michael: it will integrate with what i am sure they have already got. it will be important with the phone and the tablet. we will have a lot of connected tv's. at least the journal reported it will be multiplatform. that is certainly what the consumers want. cory: the notion that content is king, how important are these deals? do you need 400 channels because your users are going to want 20 of them, but you do not know which 20? do you really have this type of

business around the right 20 channels? michael: you can have a business, a smaller size, round big channels that do not include espn? i've -- i think that is literally the elephant and we all see it. there will be small groups of people taking that service and this service. and i like to liken it to a number of differences are's all cutting away at the cable board. cory: i wonder about that. espn is the elephant in the room. you must see it going to the pipes with how much cable providers have to pay to carry espn. a lot of tv viewers would much rather have downton abbey then yes and -- if van espn, men and women, particularly women. michael: you are also in right

our data shows people who watch live sports on espn are considerably less likely. the number is half of what we have seen nationwide. cory: maybe that is the point and maybe that is the advantage that if the court coders want live sports, and if live sports is the most expensive problem, then the entire universe of cord cutters, the entire universe of people who want to watch things on demand and on their devices, would be the available universe for apple and their products whether they stream mtv to their ipads whether phones. michael: that is exactly right. a lot of people will be willing to take this sort of service and other services. it will be harder and harder for the msl's to use just a few channels as a way to keep people plugged into the traditional service or this will not happen overnight. it will happen in little drips every day. cory: does this mean sports in some way, rather than being the

great uniter of society and in need of technology in television, that it actually is something of a divider? we will have a time not too long from now on one side, court cutters will have one kind of program and people who want to live programming will not have cut the cord because they want to watch sports? michael: it looks like it will be a financial divider. rude honor teams, but i am not sure. i think we know not everyone wants to pay for that. cory: what are the biggest pieces of content decides espn that apple does not have yet? michael: you said at the beginning that nbc is about to dispute their problems with apple. that is a huge issue. a lot of hits on nbc. a lot of people watching the today show and the evening shows. the prime time shows.

the network is one thing, the affiliates another. this is a mixed ups do right now. they are just starting to appear. cory: we will be right back. ♪

cory: special guest toes, the chairman of yahoo! and the former coo board member. he brought with him another big game to silicon valley, as big as you can get.

i granted you a 49ers this game -- game this year. i know you are a fan. how do you know each other? >> we met about five years ago. it once in a lifetime opportunity. i went to see him and said, how can i help and how do i get involved? cory: you and i first met and i was arguing. it is interesting because it is a technological marvel. what were you trying to do there? >> we wanted to bring out the best of the bay area and really make that the staple through technology and sustainability and really make lehigh stadium the focal point of everything i think is great about the bay area. most importantly, we want to make sure there is a seamless transition going to the game. when you can use a smart phone

or a device interest in everyday life, order merchandise have finding, make sure everything that is difficult about going to a game, having your ticket being able to transfer those tickets we make that seamless. we want to make sure we can use wi-fi and 4g technology to really enhance your experience. >> the technology is so cool, he is creating it as a company and taking it on the road. can you talk about that a little bit? >> sure. levi stadium was a peachtree disc and now, john paul is taking that on the road to other sports and entertainment venues around the world. cory: interesting. baseball had such great success with that. now they're streaming hbo, which shows they are clearly in -- a technological leader pier you have an advantage there specifically around what?

>> it is really about revolutionizing the venue for fans, taking a lot of the pain points away and allowing the fans to know the venue better and the venue to the fans better. cory: the owner of the mavericks he boasts a reconstruction of that has a lot of the same ideas. i do not know if he would say so, but it feels like he would say, i do not want every technology. he told bloomberg there is no question people use phones and devices that games, but they use them at the board. how do you balance that case? quite fans are going to use the phones. that is what people use and that is what they're going to do. instead of having them get up and go stand in line for a beer,

you can have it delivered for you. instead of steny line for a restroom, you can use the phone and say, the line is red and a few sections down, it is green. you want to make sure that again, those points are taken out of the live venue experience. >> one thing i use is i get to control which plan want to replay and when and how. so often, you are on a break and waiting for the camera to come back. i can look at a play and replayed at any time. cory: i was really struck. i went to a couple games at levi stadium and i caught some great weather and there was a lot of fun. i went to a game with crummy weather in seattle. it was a great game. they lost, but the difference i noticed was particularly this news stadium.

the seats at levi stadium were pretty empty right after halftime. it was packed and they were passionate and i thought that gave the team an advantage. do you think about developing technology and how it will affect what is happening on the field? it is an important deal for every stadium. >> getting people to stay there see and i have to leave and go back to the bar and everything else. for the first year at levi stadium, they are still trying to figure at the venue and figure out everything that work and does not work at levi stadium. it is a lot different than the candlestick. from zero amenities to a lot of amenities. trying to transition to the next generation and really making levi is new home of the 49ers. cory: do you think that affects the play on the field because it was quieter after the break? >> i do not think that has a big effect on the field. marshawn lynch has a bigger effect than anyone else. cory: they'll stay with us and

talk about leadership in silicon valley. ♪

cory: let's check on some of the bloomberg top headlines. in february, the most in 14 years. the department saying work again at an annualized rate of 890 7000 houses, the fewest in the year. economists blame extreme winter weather. pushing into real estate. in ireland insurers at kennedy holdings.

seeking investments beyond corporate bonds and government debt. are persian life threatening u.s. jobs? >> we are happy to compete and love to compete. that is not good for the united states and is not good for jobs. it is therefore something we think we should have consultations about. cory: allowing them to offer artificial fight stager. google has unveiled its google play app store. it wants to address concerns parents have on children's smartphones. it will also start using a team of human experts.

admissions before they were allowed into the app store. twitter and rhapsody teaming up to make a music streaming site's songs available within the social network. it says subscribers will be able to post sauce to twitter. they will get a free trial of twitter. partnership is twitter pauses latest attempt to get users to listen to posts. return back to our special guest host this hour. also back with us, the 49ers ceo for super bowl 50. super bowl 50 will be at the niners. what have they done to get both ready? >> can you guarantee as good a game as last year's game? >> i would rather have a blowout where the 49ers participate in that. for us, we will get ready one day at a time on the field.

a long way to go for the 49ers. for the bay area and levi's idiom, we will be the most philanthropic super bowl to take place. we are putting two point $5 million back into the community already. the super bowl announced that last week. we have got everybody in the bay area working together from san jose to san francisco. we offer the best of the bay area, it will be an unbelievable week. cory: here you are trying to manage one of the most important businesses flat out in a pro bowl of business leaders whether it is tim cook or all of the other people i cover that i will not be so nice to on the air. you have got to be one of these senators down here. the big news of the day, a 20 four-year-old linebacker after a breakout year. announcing his retirement, what do you make of it?

>> we respected it at i love chris. a great kid is certainly a surprise to us and some teammates. you have to respect that decision. if he fears for his health and safety going forward, i do not want someone going out there and doing something i would not feel comfortable doing. i would never try to talk someone out of retirement. it was not an easy decision for him but we respect him and wish him the best. cory: you go across the defensive oriented team, you have got pat willis retiring and it is unclear what is happening with justin smith. do we know what is happening with him? >> he has been working out with the guys. we obviously would love to have justin back. he has got to be comfortable going out and if he is not, we will have to step up and have someone else take that place. cory: you made a tough decision.

you said it was mutual and he said it was not at i do not really want to get into that but when you make that kind of decision about moving forward as a leader, the fans, since we said the interview is happened questions and e-mails, how could you let that guy go, even if everybody hated him? great coach. bill parcells was a great coach. this guy was despised sometimes by his own teammates in his own players. what matters besides winning? >> things off the field obviously matter. we have not been able to win a super bowl. what we're trying to do is build a team that focuses on core strengths come like any other company you want to talk to. you will focus on core strengths spirit i think we got away from that little bit and tried to be too much of something that we were not. you will see them get back to the basics and let them make

plays. that will give us an opportunity to get back. you look at our offense last year. it was not where it should have been we have better talent than what our results showed. i am not inexpert in terms of writing plays and doing things like that. i know our players are equipped to play the game and compete for championships. we need to make sure these things are together and moving forward and giving a chance to ultimately host and win the super bowl this year. >> speaking of the super bowl what is it you would like silicon valley and the san francisco bay area to do to help you make sure this is the best super bowl ever? >> getting the 49ers, that would make it a great way. ultimately what you want,

watching the mayor work with mayor rap -- mayor matthews bringing everybody together and making sure we put on the best face, and working together when you work together as a unit, i do not think there is a better place in the world. cory: i feel exports is a metaphor that is why we all love it it it seems clear. you come home from work and there might not have been -- we talk about sports as a metaphor for business to talk about the offense as a problem for the 49ers. you hire a defense of cook. -- defensive coach. fans look at that and say, offense is a problem. >> that is a good question but i think the coach has seen this team transition from an average football team to a really good football team, trying to focus on what we have done well and

making sure you have somebody who knows the order back well who can run the offense building the right staff around them, making sure we get back to doing things colin is good at. do not try to change the offense week to week. stick to what works. a great question on the surface. look at bill belichick. he is a defensive minded guy. he has one super bowl to a lot of coaches have had great careers. when you look at the long game, it is about making sure everything works together. not just offense or defense and not just special teams. making sure all three of those were together and that is what we want to we want an entire team of 53 and not just individual units. cory: the question of leadership in making decisions. is the super bowl the only

answer? is that the only way, the only goal that could work? >> let me talk about business. you have to produce results. day in and day out. you have got to get voted on the team every year and every day. you have to presume -- to produce results. there are no easy decision spirit may be built belichick is an easy decision if you are the owner of the new england patriots. in most case, there is only one super bowl winner in the year and they will try to get there. you have to put the best team you can on the field. >> super bowl is always our goal. there are a lot of things we do outside of the game that we do not really keep a scorecard for it here we are trying to make the community a better place. super bowl 50 and other things we're doing will definitely make

the bay area a better place. cory: think you much. we will be right back. ♪

cory: in crimea, a celebration to join russia. the state department called that vote a fake referendum. russia denied it is occupying the region. meanwhile, vladimir putin said he sent in russian troops to neutralize ukrainian forces. interest has raised 300 cc $7 million from investors who might get another 211 million dollars in funding according to a regulatory filing. $11 billion, more than a dozen reported last minute. police investigating whether cooper drivers are embracing the

country's taxi lost. 17 people under investigation, including the head of investigations. 432 pieces of evidence from the company. it says it does not believe employees are engaged in any illegal behavior. even the former secretary of state hillary clinton admits it is easier to carry one device for both work and personal reasons. it does pose security challenges for anyone in business or government trying to protect government data. protecting and storing corporate data. >> you and i met a long time ago and i was an early investor. it has been amazing to see what you have done with this company. can you tell all the viewers why

this has grown so fast? >> a mobility management service. you have name brands you would know like linkedin or rotary international, they use our services. we were both seeing, back in those days, cloud computing and mobile could hearing take off in the enterprise. i remember it resonated with you because you are a former ca up -- ceo. >> it was very much like the old days where everybody had their own passwords. cory: you mention one of the

clouds. >> this was six years ago before android. the iphone was only a year old. it is moving fast. that is six years, a long time ago. what i saw was a great thing to not enough customers would use it and not enough companies would deploy it. you will hit the will -- hit the wall without the service. cory: i love that hillary clinton of all people have brought the issue to the forefront. is the issue having two e-mail accounts or a boxed identity? >> in previous instances of technology, there was no choice. you got the account work gave you. today, you carry it around your computer and your phone. the whole thing has totally changed.

>> it is incumbent -- i do not know hillary clinton and do not know exactly what she was thinking but i bet she just wanted her e-mail on her phone and a lot of times, that is hard to do with the legs technology that people take it in their own hands and what club companies are all about is making it so easy and secure and manageable so we have the best of both worlds. cory: there is also a philosophical question. i talked to larry and he really believes in their working in that company, it is the company bosses time and they will use the company's services. class of think that is so archaic, i cannot. -- >> i think that is so archaic, i cannot do work around the clock, just as you go home. you start using those e-mails.

i still want to know what is going on with my friends and understanding between the world has blended. it is not either or. it is and. >> if they are so that they can go get a file share with dropbox . >> you have to make sure you are doing things appropriately wherever you are on whatever device you are. >> you cannot stop impaired you only hope to contain them. stay with us on "bloomberg west." we will be right back. ♪

cory: still with us, the author chairman and the ceo of the world's's largest crowdfunding

platform, indiegogo, which has hosted more than 200,000 campaigns and has seen fund-raising increase 1000% over the last two years. what is the most illustrative campaign that tells the world indiegogo is no different from other platforms? >> we are an open platform. we spend money about 100 countries a week. as an example we have had the first crowdfunding baby. the couple was not -- getting fertilization but then they're were able to get it through the crowd. right now, there is a campaign which has raised over $6 million in the matter of three weeks. the father-son combo changing the world as we know it. the high that we used today to smoke people out get the bees gets stung, having to scrape them off the comb, that has not

changed for over 150 years. you can just get the honey like gravity coming right out like beer on tap. they use a cell structure that enables them to have the bees fill it in. it then goes down with gravity. they tried to raise 100 grand. it is now over 6 million. they have been in 130 countries and seen in every country in the world. cory: if you are raising bees, you should get stung. it is just part of the way the game works. >> people make on he just like beer 20 years ago. >> tell me about wrestling. wrestlemania is coming up. everything that goes on. >> is while p wrestlemania is coming to san francisco and it is so cool we have had different wrestlers, whether jake the

snake or razor moan, all use indiegogo to get over their careers to get themselves back on the right track. jim mcmahon and wwe saw what was going on. they have actually partnered with us to raise money for charities. with special olympics, they raised over 200 grand. if you the audience want their own specially designed belt come out to indiegogo and get that funded. it is great and for a good cause. cory: people put money up and they think they will get a piece of a company and in the get ripped off. the stock fraud is long and strong. every year, someone is lying about something. in terms of letting people participate even in small ways, we have heard some horror stories. >> since 2008, we are proud to be this industry. there is no financial products. it is not a financial return. there is not a loan to no equity

you will get in return. that might happen when the jobs act gets signed finally it right now, you're getting some products or services or you feel good about getting that funding just like in wrestlemania, you are getting the belt you will give to your kid in the kit will be so happy you got a signed belt. for us we helped to create an industry of trust and integrity in our space just like what was done with auctions. we're doing that now in this industry. >> i would say any successful marketplace has to do with product and that actors. it is important you find a way to make sure the experience is awesome and indiegogo is all over trying to make that happen. cory: thank you very much. it is time for the bwest byte, one number that tells us a whole lot. >> i am talking about employee engagement. only 30% of the people in the country have jobs.

most of the country actually doesn't enjoy going to the office or going to the jobs. i think that is horrible. first of all, it is the place you spend all of your time. it is where you make your money. cory: what do you do about that as a ceo to make people like their jobs? there is a reason it is called work. >> a lot of this is because we have a mission we are trying to accomplish, to monetize funding here to allow anybody. >> they are in control of the destiny. you as the employee have to opt in to where you're going every day. cory: thank you very much. always glad to see you. i appreciate it.

the latest headlines all the time on your phone and tablet on bloomberg.com and on bloomberg radio. i will see you tomorrow. ♪

mark: from bloomberg head quarters in new york, this is "bottom line." two re: viewers in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines on this tuesday. chief washington correspondent has details on the $3.8 trillion budget that increases spending and cut social progr