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tv   Bloomberg West  Bloomberg  November 2, 2015 11:00pm-12:01am EST

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emily: investors are hoping two is better than one as tech icon hewlett-packard splits into two publicly traded companies. ♪ emily: i'm emily chang and this is "bloomberg west." coming up, a muscular third-quarter earnings report from fitness device maker fitbit, but shares slide after hours.
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plus, mobile payment firm square could hit the road early next week and likely investors will have tough questions for the c.e.o. and germany's infineon technology said to be the leading candidate to snap up fairchild semiconductor. first up, bloomberg news. more than half a million leave u.s. prisons every year, but with jobs and mental health services scarce, many are soon back behind bars. president obama today called for breaking the cycle of incarceration. president obama: millions of americans have difficulty even getting their foot in the door to try and get a job, much less actually hang on to that job. that's bad for not only those individuals. it is bad for our economy. we have to make sure that americans who have paid their debt to society can earn that second chance. emily: congress is considering legislation cutting sentences for nonviolent drug offenders. the white house said today that
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it has offered support to egypt in search for clues of a deadly jet crash saturday. officials have finished combing a seven square mile area around the crash site and says it won't stop until all the bodies have been recovered. officials say that terrorism has not been ruled out. and mike hammond, the cofounder of gateway, has died. mike hammond helped to turn the company into an american success story by shipping p.c.'s straight to consumers in boxes with a spotted cow design and started gateway with his brother in what eventually became one of the most popular computers on the market. he was 53 years old. to our lead, fitbit crushes estimates for the third quarter. investors aren't satisfied. shares are falling close to 9% in after-hours trading. the company announcing it's going to sell an additional 21
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million shares plus the lock-up , for employees and consultants is up as of october 31, meaning they can start selling. it is fitbit's second earnings report it posted earnings per share at $.19. the company came in with sales more than $409 million. again, better than estimates. joining me here in the studio, our guest host for the hour, jeff clavier, an early investor in fitbit. i believe it is your biggest investment ever, your biggest exit ever. >> to date, yes. emily: and stuart rudick, founder of mindful investors, another big wearable investor. something you guys are taking a close look at, this space. shares are down. what's going on? jeff: last time they beat the quarter in q-2. there was a slight miss on the gross margin. shares were down. this time they're going to add 21 million shares in the market. emily: why do they need additional capital right now? jeff: two things. one is that the company wants
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more cash to fund for developments and at some point , the investors want more shares in the hands of the public to increase the flow. at there were only a handful of first, shares out there and they want more out there for people to buy more. are ending the lockup earlier than expected. they're wanting 10% more than expected. why? jeff: some investors have been in the company for eight years. that is when i invested. it's only normal that some get the idea to sell and make some money for the work they've done for the past five years. emily: you're invested in other wearable companies. not fitbit, what how optimistic are you about fitbit given , samsungapple watch has a watch. stuart: when you look at the wearables, it's still continually growing.
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we are still at the early stages of this. fitbit was the first and continues to be the leader but , we're seeing apple watches coming on very strong. i think they'll continue to expand their market. you will see a lot of new entrants with lots of technology and devices. emily: some of the analysis i've seen is that the apple watch hasn't really taken a bite out of fitbit. would you agree? jeff: i would argue that you can grow the wearables market tenfold without having too much overlap between fitbit and apple. you have seen that in numbers increases the number of devices they sell deceleration. apple hasn't resubmitted. at the same time arguably, apple has sold the same number of devices and tim cook didn't tell us anything about how
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successful. emily: except they're growing sequentially. i agree, it's vague. stuart, you've been more critical of fitbit in general, saying there are a number of things you think they can do better? stuart: yes, we're going to see a lot of new products come along and i think fitbit realizes it's not just about the device but about the application. it is to take what the device is doing and to use that data so that people are saying they are seeing how they are sleeping, but they want to know how i can sleep better. how can i get more r.e.m. sleep, how can i feel more restful? to be able to analyze that data is by looking at other ways and applications. i think what fitbit will do wisely is looking at at partnering with other applications to be able to leverage what their tool uses. and using other people's tools as well. emily: the elephant in the room. the nasty debate between jawbone and fitbit. they keep firing back and forth. jawbone firing back with an antitrust claim.
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ownit firing back with its patent infringement lawsuit. we reached out to both companies. fitbit saying we've been able to successfully compete in a competitive market by providing consumers with products at price points they find attractive. these allegations are unfounded, and yet another misguided deflectfor publicity to jawbone's own lack of performance. jawbone maintains fitbit is misusing its patents. fitbit's actions and in poaching -- in poaching jawbone's employees further underscores it anti-competitive conduct rather than innovating. jeff? your reaction? jeff: i won't comment on the
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lawsuit and litigation, but the timing of the lawsuit, the day of the announcement, isn't that a way to get further publicity? emily: stuart, is there real validity to these claims or is this sour grapes? stuart: i'll let the attorneys answer that one. emily: jawbone has struggled to gain market share, right? stuart: definitely. emily: how optimistic are you about jawbone? they're not one of the players we've mentioned here. stuart: fitbit is the leader and they are the one to go after, so jawbone is going to go after them if they need. emily: where do you see the wearables space evolving? stuart: this whole space of transformation of self-actualization is going to where the individual is getting data themselves and using it to
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say how do i improve my life? it is using that data personally, because because everyone is different. everyone has different eating patterns, sleeping patterns, and so there are different ways to measure and value that, and we're going to see an explosion of devices. we are already seeing it with breathing devices so you can see how many breaths you take. emily: i'm still looking for one that i will be compelled to wear every day, which i still have not found it, and i have tried them all. thank you so much, jeff clavier. my guest host for the hour. on this merger germany's largest monday, chip maker infineon is said to be the frontrunner or semiconductor company fairchild. 1.4 9ild, which has a million does billion dollar market cap. -- $1.49 billion market cap.
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we've already seen more than $95 billion dollars of semiconductor production this year. up more than 400% from a year ago. coming up, the h.p. we've known for years is no longer. the company split is official. we will tell you how investors are reacting. plus, a new mobile app could give us a idea of what the future holds for apple map. details up next. ♪
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emily: it was an historic day on wall street as tech icon hewlitt packard officially split into two separately traded firms. h.p. inc. will focus on selling
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p.c.'s and printers. enterprises will be headed by meg whitman and will sell data hardware and services. the question for investors and employees, whether two really is better than one. our tech reporter brian womack covers hp for us joins us and still with us, jeff clavier, our guest host for the hour. brian, you spoke to meg whitman this morning. if you look at the shares, h.p. inc., the p.c. company did much better than h.p. enterprise. >> it did. actually, it is interesting. she gave a spirited defense of two is better than one. we're going to be smaller and go after these markets. but i asked her about these stock markets moving all over the place. at one point, the enterprise part of the business dropped fast. she said look, there's going to be a lot of volatility. we don't know what is going to happen. give it a few weeks, even a month.
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the we will know where market thinks these share prices should be. emily: any nostalgia for the good old days? jeff: it sort of makes sense for those guys to split. the question is what is the long-term business for those in a low margin shrinking sort of business? both end up being interesting in the short term, cash cows, i heard in the report, but how can they stay competitive. acquisitionnext that hp enterprises is going to pull out in order to stay ahead of the competition? emily: the stock hasn't moved much since meg whitman took over as c.e.o. in 2011. how much more upside is there for two separate companies? what sort of deals? what sort of markets do expect them to transition into that we
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haven't seen before? brian: that's a huge industry-wide question. that is the million-dollar question. where can we find the growth. look h.p. is saying we're , growing market share in places. we're number one in some very good markets. but their bet is hey, we're going to be your consultant, show you how to get on the cloud. we'll show you how to handle all your different i.t. demands, but does that equal growth? that's a much bigger question. emily: you're shaking your head, jeff. jeff: they have to figure out how to be better at what they do , so they can cut costs. the question is what is the next large market? the question for the consulting business is this is low margin, how do they scale these new sectors they have to acquire into, and i haven't heard that. they have, what, $17 billion in cash?
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that's quite a bit of dough. that could make a few acquisitions strategically, the right ones, but bringing that revenue and increasing it 10%, 20% is a major feat so we'll see. emily: in the last few weeks we've seen dell buying by e.m.c. , brian and i were in austin talking about that. we're seeing all of this consolidation in the chip sector. i wonder how were going to look back on this moment in tech history? is this going to be written about in the history books where we saw either a lot of consolidation or big breakups? jeff: the old guard trying to survive? emily: yeah. brian: you're seeing an industry that's tradionally been growing for year of year coming to a very slow pace. everyone is going to have a different theory. meg might be right at h.p. michael might be right at dell. we are going to have to seeker there are some huge dollars in volunteer, tens of billions of dollars. this is an industry worth watching still. emily: do you think h.p. could
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give amazon web services a real run for its money? brian: h.p. is backing away from the public cloud. they are not competing directly. they do have a hybrid cloud approach. they want to do different things to help their customers but a.w.s. have that to themselves right now. emily: interesting. we will be watching. brian, thank you for joining us. jeff clavier, you are with me for the hour. the markets will decide. apple maps could be expanding inward. a new app was quietly released by apple allowing users to map indoors using only their iphones. the mobile app was released with no publicity or announcement by apple. it was discovered by a developer yesterday, who then posted his findings on twitter. the indoor survey apple uses a combination of wi-fi and radio signals to track positions, very similar to a start-up bought by apple in 2013 for $20 million. coming up, major players in the
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tech space report earnings this week. we'll tell you what to expect break wewe head to leave you with a check of the day's top tech movers. another stock we're watching, alibabi, shares up again today. bringing its one-month return to a gain of more than 33%. erasedter investors had 150 billion dollars from its market cap earlier in the year. more "bloomberg west" next. ♪
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emily: check out our funding board. home cleaning start-up handy technologies has announced it's raised $50 million in new funding. handy was founded in 2012 as
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handy books, a way for customers to book home services like cleaners and handymen. in july its main competitor home joy shut its doors after failing to raise enough capital. now a preview of what's to come , in tech this week. big players reporting quarterly earnings. we'll be hearing from etsy, tesla, facebook in the coming days. here to predict what we might see is our guest and co-host, jeff clavier. so let's start with tesla. tesla reporting tomorrow. were looking for any information about the model x and s. what are you going to be following? >> it's been a touch time for tesla, right? the stock is down 20% over the past few months. the model x they started shipping in september. people are going to want to see how it's doing. emily: i want one. i want one of the mom batmobile. brad: that's right, the luxury crossover utility vehicle. what does tesla look like with two cars at scale. tesla does lose money, it's sort
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of a way of life there. it's only profitable quarter is well in the rearview mirror. of course they're saving the planet but you wonder how much appetite investors will have. emily: everybody thinks they're the most amazing car ever but are people going to buy them en masse at the price point they're at? jeff: they used to be praised by the review sort of companies and they've lost a lot of that shine because they had a bunch of issues reported and owners sort of bought teslas for all the promise they had. but if you talk to people in the street that own teslas, they love their cars. they praise their cars. if you think about earned media, tesla has massive earned media. emily: i was going to ask -- jeff: it's more sort of a car that is a software of great cycle and people sort of pay for
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the extra, the super, the hyper in a way which i've never seen. they have an attach rate which is pretty enormous for a car brand which looks like sort of a gadget. emily: what does tesla look like making more than one model car? >> it is a more diversified company, arguably. it would give investors faith in the road map. but look, he's got to show progress and show profitability. emily: and how much does it matter that now we hear apple is working on a car. google working on self-driving cars. more companies working on electrifying and autonomous features in cars. jeff: apple and google are working on something that is going to fail. let's be clear. tesla has shown leadership in the way they've been able to
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prove its thesis. it's the second car nonetheless, the x will be the third, right? if i look at the progress they've made in those upgrades, i'm very impressed in the non-traditional way they've been operating. from execution perspective, it's been very, very impressive. emily: a lot of concern about etsy. >> the stock is down considerably since the i.p.o. price. even more sense that second-day high. that is not good for a newly public company. investors are looking to see them cut their loss. that's obviously a positive first step but they need to show , that this world of hand made vintage items, even being the leading marketplace there -- yes, there is a challenge from amazon.
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i think amazon might have some trouble getting into it. but even with them being a monopoly in this category this , is a big, growing market. jeff: i have to see the details in acquisition spending and so forth but the dropping -- is challinging. emily: facebook coming out on wednesday. of course we are going to be looking at advertising, mobile strategy. they've been killing it, it seems, when it comes to video. >> i think that's right. expectations have been so high. they've been crushing it quarter after quarter. monthly active users have continued at up pace to where it is at something like 1.5 billion users. it's an incredible platform and they've turned on the spigot of advertising lately. i think advertisers will be interested to see how from a product revenue.
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jeff: i can't help but be impressed at the way that team has executed quarter after quarter, new products, new concepts, encroaching more and more into our lives. it has been extremely impressive. emily: what about turning on the spigot in turns of the other services like what's app, and messenger? >> investors would like to see that but zuckerberg has been so , careful about those other platforms. those platforms remain advertising-free. if facebook were to stumble, there would be some pressure, but right now there's no pressure. jeff: there have been proven ways to bring commerce and i'm pretty sure they'll be running some tests to see what would work versus what wouldn't in other parts of the world. they're really, really strong at executing. emily: we will be over all of them.
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facebook, sc and tesla reporting , this week. coming up, amazon shuts down its credit card reader while square prepares for its i.p.o. road show as early as next week. we discussed next. ,♪ we live in a pick and choose world.
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emily: i'm emily change and this is "bloomberg west." time now for our global tech business flash. blackberry's big experiment starts this week. the company's new and very first android phone is about to hit the market. c.e.o. john chen said he will exit the device business if he can't make it profitable. they've not managed to stop hardware sales from falling. blackberry sales of the global market is less than 1%.
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reliance communication is agreeing to buy a.f.k.'s indian wireless unit, creating a carrier with 118 million subscribers in the world's second largest wireless market. the deal in india where stiff competition from one billion subscribers has resulted in tariffs that are among the lowest globally. sweden's seamless direction rallied the most in a month. they plan to split off the secure mobile transition business, to focus on its larger and more profitable division. the company will remain a large shareholder in the unit. and uni group is agreeing to buy a $1.1 million stake in -- the deal would be one of the largest semiconductor acquisitions in china. earlier this year, they
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expressed interest in buying u.s. memory chip maker micron technologies. now, to who's in and who's out in the world of mobile payments. over the weekend, amazon quietly shut down it credit card reader, amazon register. the $10 plastic card reader debuted just over a year ago. it's good for payment square as they prepare for an i.p.o. road show as early as next week with the goal to start trading publicly as early as the week before thanksgiving. jeff clavier with us and also, former paypal executive and current c.p.o. and alex, who has been following all of the developments. alex, it's looking like the schedule is road show next week and potentially going public the week after that. what do you know? alex: there's a window here that would be good for them to pursue
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before thanksgiving holiday when investors are no longer around. we might see terms set here in the next week or so. they will lay out the price they are shooting for. then they embark on the road show, which will be a busy time for c.e.o. jack dorsey since he's also now heading up at twitter as well. they'll take time to visit with investors, probably in san francisco, new york and other major cities before going into the price-setting process. where they'll try to pick that lucky number they'll debut at when the stock starts trading under the kicker s.q.
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emily: i want to bring you in here as someone who knows probably more about the mobile payment industry than almost anybody out there. how optimistic are you about square's business? on the one hand, amazon getting out is good news. on the other hand, amazon couldn't make it work. osama: hi, emily. thanks for having me back. optimistic? it's hard to say. it's hard to make money just in acquiring a loan and it doesn't get better as you scale. but it's a great loss leader for value-added services. the bright spot is that square capital is actually doing good , so processing business payments gives you a great entry into other services. one of them, cash flow lending looks really good. they have nine other products they're trying to sell to businesses. it's not clear yet because 97% of their revenue is made off payments but that's the big , question, can they make a lot more money from value-added services? emily: there's been discussion between jack dorsey splitting his time, but also the executives who are supporting him at square.
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i wanted to take a look at some of these people because it sort of illuminates the other businesses that square has gotten into. first of all, the c.f.o., sarah frier, former business vice president, former vice president of amazon web services. the hardware lead is a former executive at apple. jackie from yahoo is now going to be leading square capital. jeff, does that make you any more optimistic, this strong bench of people, make you any more optimistic about jack dorsey's ability? jeff: that's the only way to sell the i.p.o. is to be able to look at that bench of senior and proven executives and say we have jack as the leader but all these other people are in charge of running the day-to-day operations of the company. we have the unusual fact of who is trying to
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sell the ipo of one company while running another one. and say i am splitting my time and trust me and my team. is a 24/7 job to be the ceo of a public company c.e.o. and -- he's going to do that twice. people say well, steve did it or carol. no, nobody has actually done that. for the first time, have to prove their business. an i.p.o offering to the institutionals while running a company, and one that's not doing extremely well either. we'll see how well that works. emily: let's talk about the business. osama, what do you see as square's main advantages in a landscape that is competitive but changing very quickly? what are square's main advantages and what are the challenges? osama: i think they've created a great brand. that's probably their biggest advantage. for a start-up that's been around six years amongst a lot
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goliaths, it's created a great brand. and they've inspired a lot of innovation. there are so many doing different businesses around payments because of what square started six years ago. but it's also kind of a double-edged sword. when the numbers actually came out it's not clear that the core , business they can make a long-term business out of and they need to change to be successful. emily: right. revenue growth is increasing but losses are also increasing as well. alex, how optimistic are investors about the square i.p. -- ipo? we've seen other tech i.p.o.'s go out so far this year. is square a different breed? alex: a little bit different. they have that brand recognition as a startup but when companies , start to hit the market, you've seen it with twitter. investors start to care more
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about just that explosive growth that's so important in the early days and they want to know when , it's going to hit the bottom line. when will some of these additional services that are just a small amount of their sales, when do they become bigger profitable businesses and they get to take advantage of on their are selling transactions? this will be a bit of a bellwether for these newer tech companies that everyone is speculating when they're going to hit the public markets and make my life very busy. but tech companies will be paying attention to see how public investors look at this company. will the valuation match the $5 billion or $6 billion from the square private round? what does this mean for the tech landscape ipo going forward? emily: and osama, how do you see the tax payments landscape evolving, having been at google and pal paypal. there's apple pay, android wallet. what is square's position in that future?
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osama: it's very important that square move upmarket. so one of the things you will start hearing about is that they have actually done extremely well with the original story being there are 10 billion businesses out of 30 million that accept credit card. we're going to address the other 20 million. the reality is the others make up only 1%. those 10 million matter a lot more so moving up markets is going to be critical. their hardware play was really meant for the long tail, so they're going to have to figure out that piece. the world has changed since they started. 2009. now consumers are looking for an experience across all channels, not just an offline channel. emily: right. as we've discussed, they've added a number of businesses. i'd love to be a fly on the wall
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at that investor roadshow along with you, jeff. osama, creator of google wallet, thank you so much for joining us and alex, our reporter. thank you so much. jeff, you are sticking with me. snapchat, the pic sharing app is working to calm users' nerves after it quietly revised its privacy policy last week stating it has the right to "store store and use shared content." there's been a backlash since then. snapchat said we want to remain crystal clear, the snaps and chats you send your friends will remain as private as they were before the update. coming up, we as sir richard branson and ask him about his favorite place to make investments. ♪
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emily: airbnb is partnering with richard branson and virgin america. they launched an award program to earn members points. cory johnson spoke with both branson and airbnb's c.m.o. this morning. what's the deal? what are they actually partnering on? >> airbnb is going to offer for people who fly on virgin and end up at an airbnb destination, allowing them to earn points.
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and it's interesting because it's a different kind of business than it used to be. they are at a very different place, airbnb is, so is virgin america. this is what jonathan millenhall wanted to say about the way this is a growth company. the chief marketing officer of airbnb. check this out. we started off as a needs niche --oposition desk niche travel proposition. we've grown tremendously over the last seven years. it took us four years to go from guest number one to guest number a million and this year we'll end up having 60 million travelers traveling airbnb. >> different people? >> different people. from the beginning until now. as we continue to scale, we've become a more mainstream travel
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proposition, and that gives us license to partner with more mainstream travel brands and partners such as virgin america. >> kind of amazing. we wanted to talk about the way the business works and how they see themselves. the c.m.o. of airbnb tweeted outs we're going to make a big announcement. however many hotels marriott is going to add in the next three years, we're going to add more rooms than that in the next three weeks. are they staying in someone's living room or are at an alternative to a hyatt or sheraton? and how are they going to market themselves going forward? listen to what he had to say. >> this year we will close on having two million properties on the airbnb platform so we've , basically doubled in size since last year. our occupancy rate can go from 100% in a city like san francisco to seasonable
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occupancy in a city like orlando. emily: that's interesting because airbnb is going to be on the ballot in san francisco. the opponents are saying that they are taking away long-term rentals. today with aing friend of mine about low income housing in san francisco and what a city can do or should a city, for example, provide low-income house something i would argue, absolutely they should. it helps the city have the character they want. if you let people rent things at a market rent, it becomes whatever you wanted to be. emily: jeff how concerned are , you about the regulatory issues surrounding airbnb and these kinds of battles that they continue to have to fight? not just in san francisco, but around the world? jeff: the two companies like this are attacking the same issues. at the same time, they actually
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have in front of a ballot where some people are trying to limit how much of those rooms or sort of apartments can be put on airbnb. >> and spending $2 million in this one local election to win this battle. jeff: because san francisco is sort of home turf. they have to win it. >> or it could be the model for other cities going forward. jeff: when you think about those investments, how much of the regulatory framework do we have to compete against. they're going to have to find a balance between the field need for them to have low income housing and also the need for them to scale. it's going to be tricky. emily: corrie, you also spoke to branson. is he an investor in airbnb? >> he is not but i was surprised , to find he is an investor in
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uber. but he talked look making the investment while he was standing at the bar at necker island and deciding right then and there to invest. this is how richard branson invests. richard: uber, i ended up investing at the bar in necker. it's a beautiful restaurant. it is saving a lot of people from being broken and entered into. emily: tell me more of the story. >> i was on the benefit last night for the ocean. they raised $600,000 at a benefit last night and i saw richard branson there. yes, there were stories and -- emily: sounds like a great place to make an investment.
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>> is a great way to blow your seed money real fast. emily: cory johnson, our editor at large, thank you so much for that interview with branson. more with you, next. well resistance is futile. , "star trek" is returning to a television near you. cbs announced today that a reboot of the classic series will premiere in january 2017 just after the 50th anniversary of the original series. this time around it will be a web series that will run exclusively on its all-access subscription service. so far, the person who has isduced the new star trek the only one connected to the project. it's another example of a media company creating new media products as ratings fall for traditional television. up next, nasa is celebrating 15 years aboard the international space station. we will be talking with one astronaut about how technology
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has changed since expedition one. ♪
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emily: on this day in 2000, christina aguilera had a number one song. "meet the parents" was at the top of the box office, and nasa's first crew docked at the international space station. today nasa is celebrating 15 continuous years on the i.s.s. joining us, an astronaut aboard the i.s.s. my first reaction was christina aguilera is that old? you were on expeditions six, 30 and 31.
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over 15 years be how has life on the i.s.s. changed? >> the first time i was on space station, it was under construction. it's like living in your house while you're still building it and you have a bucket where the singh is supposed to be and then you find out you have to entertain the boss and you have to move the table saw out from the dining room and so on space station it was like that, even though we were still trying to do some scientific experiments while we were building space station. emily: have meals changed? are you still eating space ice cream? don: nasa decided that was too much of a mess because the little crumbs float around and it was too much of a mess. we don't do after not ice cream anymore. emily: that's a bummer.
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jeff: back in 1998 -- and now you have much more powerful machines. two questions. how has the i.s.s. upgraded from a technology standpoint and what are the gadgets that the astronauts use the most today? don: astronauts interact with what we call our s.s.c. station, our space station support computers. these are normal laptop computers and nasa changes them out every few years, but the actually computers that run space station are 486 processors and there is a reason for that. they are radiation hardened and they don't chunk as easily as a standard laptop computer. those things die all the time. emily: i want to talk about funding because president obama , signed a two-year budget blueprint which was passed by , congress last week. how much does nasa depend on , and howunding today
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much is the future dependent on private partnerships with companies like spacex? don: you're asking me funding or questions,types of i'm just the lowly guy that gets to fly into space and do all the work. you'll have to ask somebody from nasa headquarters about that kind of stuff. emily: does a guy like elon musk into theezos entering area of private space race is , that exciting to you? don: oh, it is. commercial space, i think, is if -- the wave of the future and it , adds robustness to america's space program because we have , five or six commercial spacecraft for transporting people under construction right now in the united states. only one of them is nasa's. the rest of them are commercial and it's going to see how successful these people are.
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it's like the barnstorming days going off from flying airplanes but now we're going off into space and the more spacecraft , we have for getting into space, the more robust our program is going to be and the better americans will be able to explore space. jeff: on the lighter side of things, what do you guys do in terms of down time up there in , terms of having a couple of hours to kill? don: we call it off-duty time because you never really have free time because you can be called back at a moment's notice. the limited free time we do have, you can do any number of things watch d.v.d. movies, read , books whatever you need to do , in order to maintain your psyche. i prefer to do little science techno-educational demonstrations that i dreamed up just because i was there. emily: and not eating space ice cream, unfortunately.
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astronaut don petit, thanks this -- thanks so much for joining us and congratulations on 15 years. , thanks so much. that's it for today. we'll be back tomorrow with a wrap on earnings. thanks for watching. ♪
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is a paidlowing advertisement for time lights video collection. fe's videoeli collection. >> hi dean. >> hi there. >> from the battle zone, from hollywood to the heartland. america's entertainer was bob hope.

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