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tv   Bloomberg West  Bloomberg  February 5, 2016 11:00pm-12:01am EST

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mark: i am mark crumpton. let's check your bloomberg first word news. a powerful earthquake struck southern taiwan. the u.s. geological survey says the 6.4 magnitude quake struck at 3:00 p.m. new york time, a reports twowsagency pipesngs fell and gas ruptured. there were no immediate reports of injuries. president obama says the nation's 4.5% unemployment rate proves his economic policies are working. puerto rico's governor declares a health emergency as more cases
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of zika virus are reported across the u.s. territories. prices on condoms have been frozen after two new cases of sexual transmission of the virus in texas. people watching "saturday night live" this weekend may think they are seeing double. the bernie sanders campaign says he will be in new york for an appearance on "snl." larry david will be hosting. he does a spot on impersonation of the senator. nbc denied to comment. global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world trade from bloomberg world headquarters in new york, i am mark crumpton. ♪ emily: i'm emily chang, and this is "bloomberg west." coming up the nasdaq closes deep in the red after a week of wild stock moves. linked in losing $7 billion in
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value. u.s. jobs, painting a rosy picture. is silicon valley a net job creator? we dig into the numbers and talk about what is missing from the jobs report. twitter tells us it is suspending accounts associated with terrorism. will the tech industry bowed to calls to quite operate with government surveillance? -- to cooperate with government surveillance? we discuss. ♪ first, to our lead. linkedin sees its biggest ever decline, wiping $7 billion off their market cap since the company reported week earnings. weak earnings. analysts across the board lowered their price target, recommendation, or both. linkedin isn't the only company. it's been a downhill slide for the nasdaq, which closed down 3%. more than a third of the nasdaq
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top 500 stocks down during trading. i went to bring in our bloomberg stops reporter, our bloomberg intelligence analyst, and bloomberg's sarah frier, who covers linkedin for us. down almost 50% at the close. is this warranted? are these dramatic moves warranted? >> emily, what is happening is a reset of the valuations. there is very little margin to miss. if a company forecasts certain guidance, they can't miss in this type of environment. what investors are seeing is a company like tableau, which relies exclusively on a license model, is driven by macro fundamentals. if macro is big, it will hurt companies that rely on license model. that is why all the companies are moving to subscription. subscription gives you revenue predictability. whereas in the license case, you come across companies which can miss a quarter by a lot. emily: let's talk about linkedin
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specifically. we have been talking about this since may reported. do the fundamentals of the business warrant a stock swing this big? reporter: if you think about the attitude that people had about stocks like linkedin last year, it was mostly euphoric. this company was going through some issues with its sales for sure and they had some business units that had yet to show their full potential. now analysts are looking at it through a different lens. this is a company -- with tech stocks down for the year so far, that is going to be judged a lot more harshly. you are right, some of it is just looking at it through a more critical lens.
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linkedin for sure surprised people with its guidance for the year, reporting that its revenue wasn't going to be as high as people expected, but the fundamentals of the business did not really change as much as 40%. emily: at the same time, we are seeing these tech stocks dragged down. facebook and coming off an amazing quarter. why? >> yesterday linkedin came out after the market. traders had the entire night to ready their sell button. as soon as the market opened, the thing was down 50%. that doesn't just happen in a vacuum. when you see a tech stocks sell off that much and one with as much influence as linkedin can potentially have. it will reverberate around the sector. microsoft and alphabet/google, facebook -- it is a contagion effect. as was mentioned previously, people are resetting their thoughts on valuation. these are huge growth stocks. they are valued on what they will be doing down the road. if you look at tableau, they have a 4 to 12 month eps of 12 100 times. emily: are we seeing a longer-term revaluing of tech?
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joseph what you are seeing is a : longer-term revaluing, and that's also an extension of the defense of rotation we are -- defensive rotation we are seeing away from these riskier tech stocks. people are uncertain about a million things right now, whether it is the escalating situation in china with economic growth slowing down or the strong dollar hurting multinational companies, there's a lot to be worried about. when that happens, people want to pull their money out. mandeep: i would say these are the early signs. i wouldn't say this is a complete revaluation. i would wait for companies like salesforce to report. they have a subscription model. it's more predictable. if they miss, yes, we are in very uncharted territory and you are most likely going to have a complete reset of valuations in tech across the board. emily: investors have the whole weekend to think again. what happens on monday? joseph: that will be interesting. people will be watching futures trading when it opens up sunday night. we could be in for more pay. people have said in the past
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when they have time to dipnsider that buying the is a good opportunity here. we have seen cyclical bear markets in a lot of different sectors. earlier this week we were having the same discussion about financials. couple weeks ago, we were talking about other stocks getting nailed. it might rotate into another sector, and there is a lot of speculation that we are perhaps at the end of this seven-year bull market. emily: thank you both. sarah, you are sticking with me. i want to talk about twitter. twitter saying it suspended more than 125,000 accounts since the middle of last year because they appeared to be promoting terrorism. the company says it still saw the team monitoring reports on twitter and has been working with authorities to investigate whether users who tweeted about terrorism were also involved in terrorist activity. twitter said, " we condemn the use of twitter to promote terrorism and make it clear that this type of behavior or any
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violent threat is not permitted on our service." we have known for a long time that there were potentially tens of thousands of accounts linked to terrorism on twitter. why now? sarah: twitter has been sending executives to the same global meetings with government officials around the world that facebook has been to, that google and apple have been to. twitter is coming to the point where they have to say, we can take care of this ourselves. you don't need to have control over the security of twitter accounts. the last thing we want to do is cede control to the government. they are taking a proactive stance now, rather than just reacting the way they have in the past, actually going through and using a strong delete button with these accounts. emily: how do they identify accounts that are being used by terrorists? is the government helping them? >> the government is definitely coming to them with requests,
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more requests than usual. they have noticed that the global nature of terrorism has gotten more embedded with how people use social media accounts, but also a lot of user generated complaints that come into twitter from accounts, the vast majority of times that twitter blocks an account it is because people have flagged it, whether that is an account that is harassing or terrorism or some other reason. they have gotten a lot better at refining those reporting tools for their general user base over the last couple of years. emily: interesting. sarah frier covers twitter and linkedin for us. thanks so much. coming up, a rocky ipo market. the actress and startup founder isn't fazed. we talking about jessica alba after the break. plus, the biggest underdog of
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super bowl 50 hails from upstate new york. we will introduce you to the 11-person coffee startup that one a prize ads but worth millions. ♪
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emily: getting from a to b may have gotten easier. uber is teaming up with amazon ai to help customers hail a ride with the sound of their voice. it is another example of how both companies are trying to expand. amazon and go has recently teamed up with domino's pizza and spotify.
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staying with uber, what are you willing to do to own a piece of the startup? these wealthy investors have already committed about $500 million to uber's latest round. joining me from san francisco is the ceo of share post. a company that helps investors buy and sell private securities. here in new york, bloomberg's alex barinka -- you have read this document cover to cover. no financial information, but some risk factors. what is in there? alex: i will point out something on page one. it is called the new writers fund. they say the development of insights and big ideas is valuable to the investment process while incremental information flow was not. basically saying, look we think
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, this is the next big thing, we are helping you get into it. if you want all the data right now, you are not necessarily going to get it right people know uber. if you want a peace of the -- a piece of this scarce equity asset -- emily: they do not know how much they are losing. alex: right people don't know , how much uber is losing. it does say that they will get results, they will get financial information down the road. "the new york times" reported they are getting selected data. everything out there has been leased basically through the likes of bloomberg and other stations. emily: the question here is, is it dangerous for individual investors to get into the business of buying shares of private companies that they really don't know a lot about? >> i would say it is certainly risky, but with risk comes greater returns. when you are seeing in the marketplace is such demand for growth equity returns that you can't get anymore in the public markets, that investors are particularly sophisticated investors who feel they can
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seize the uber opportunity are willing to start with less information than they would traditionally have. emily: what other late stage startups have you seen following this lead? greg: you mean raising capital -- emily: how they explored this or are they selling their shares on the private markets, like snapchat or airbnb. greg: you have primary financings being conducted by the company. what is interesting to us, you look at the market trend, or more capital was raised for growth companies, technology growth companies in 2015 in the private market in the public market. that's a result of a bunch of different things. if the question is, is it the trend that these premier tech private companies are raising bigger and bigger chunks of capital and our markets, the answer is yes. alex: at some point these investors will want an exit. uber has 10 billion dollars of funds that have come over from cross over investors.
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they won't achieve those returns until the exit that state. emily: what do you make of that? greg: two things. i think most of these companies, the great majority of these companies will ultimately go public. what we are seeing an particularly today with all the news around linkedin is that companies that don't have reliable or predictable earnings find the public markets potentially very challenging, and if you are a company that is growing at 50%, 100% or more, it seems like a very dangerous place to be in the public markets. but those companies will mature, their earnings will become more predictable, and at that point the dangers of the public markets will be less and the benefits, greater liquidity and
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efficiency and greater chance. -- greater transparency will outweigh what's keeping them out of the public markets right now. and they will have their ipo. emily: it will be interesting to see if these big unicorns decide to do the same thing. alex barinka, you're sticking with me. i want to talk to you about the rocky market for tech ipo's. the e-commerce venture started by actress jessica alba is working with investment banks. the honest company is working with goldman sachs and morgan stanley to start the first step towards an ipo. how much have they explored this? >> this will be early days. this is a company that has raised $220 million privately. they are hiring these banks basically to say, let's start getting ready, let's start putting together the prospectus. where do we think we can value this company?
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they are valued at $1.7 billion in their last private round, and do they have an opportunity? ipo markets are not as glamorous as they were early last year. we had no ipo's in january. we are coming off a slower 2015. what they will be doing is looking and seeing, is their investor demand for our company. the best of companies should be able to go and sell shares to public investors. and when is the window? emily: i use honest products. is honest a tech company? should it get a tech valuation? alex: this will be the number one question when they are road showing this company. do they get the tech premium, do they get double-digit times sales valuations, or are they more valued like a retailer or consumer company? it seems like a lot of these tech/whatever companies like
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square, they try to get that tech valuation, and investors have pushed back. they saw it in square's case. they said, no, you are a financial services company. that will kind of be the call there. honest does have their subscription products, which fits into that e-commerce base. -- e-commerce space. emily: subscription services. alex e-com looks to be where : they might be angling, and it seems like that would be a natural fit for them to compare the seminal likes of amazon. emily: i want to touch on other tech ipo's coming maybe. i recently interviewed the ceo of new tenex and asked him about going public. take a listen. >> we are building for the long haul. there is great synergy. as long as we focus on employees and customers and partners, we will be a company on the public market someday. emily: what is in the pipeline?
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further delays? alex: they are on file with a placeholder amount. go.eems they might blue coat is a company backed by bane, internet security company. they are looking to raise $500 million in the first half of this year. the question continues to be, when do they get to go? companies like blue coat are typically more profitable. they had been vetted by their customers. emily: we will keep watching and you will keep us on it. alex barinka, our deals reporter. thanks so much. coming up, the u.s. jobless rate declined. why is there still a tech talent shortage? ♪
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emily: now, to the jobs report and that raise american workers have been asking for. average hourly wages rose to $25.39, one of the highlights from the january employment report. the jobless rate is now below 5%, the lowest level since 2008. employers added 151,000 jobs last month. the big question we are crying -- trying to answer, is this story being reflected in silicon valley? joining me to discuss is the founder of a talent agency for tech workers and freelancers. you make the point that this jobs report does not say a lot of important things. like what? >> it does not tell you about the growth in the freelance economy. these are not w-2 workers. you are talking about a marketplace that is exploding with freelance workers from uber all the way up the food chain to these high tech freelancers we
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represent. emily: with these workers like to have a full-time job and should they be accounted for? rishon: the freelancers we represent are choosing to go freelance, and we are seeing this more and more within the tech sector as millennials pop into the workforce in greater numbers. they are not interested in the same w-2 opportunities. frankly, companies are happy about that because it affords some economies for them. emily: how are companies handling all these people who want to be freelancers? rishon: they are realizing they have to adopt this hybrid platform of w-2s where it makes sense and then flexible freelance agile workforce where they can't find w-2's. emily: silicon valley is considered a place of growth, where a lot of growth, where a lot of the most exciting economic activity is happening. but is silicon valley creating new jobs? they are lower wage jobs. rishon: yes, they are creating
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jobs -- emily: net, though. rishon: they are probably creating more efficiency, and they are coming to scale over time. uber in 2009 probably employed few people. now they are rapidly growing. as these startups first come to market, they are not employing as many people and they are seeing efficiency from the technology they are building. emily: innovation creates jobs, but innovation also destroys jobs. net-net, is silicon valley creating more jobs than it destroys? rishon: it is a transitional marketplace. it will create more jobs, but there has to be retraining. the workforce has to shift a bit. there's efficiency and things are changing, but there will -- there will be other opportunities that arise. emily: if a large portion of jobs and the economy is shifting towards freelance, do you think
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the statistics will at some point start to account for this? rishon: i think it will have to account for this. the trend out there is for a freelance workforce of about 50% by 2025. when you are taking half the workforce out into the freelance world, you will have to track the 1099's. emily: the problem here is also people who are underemployed, should part-time workers really count? a lot of these uber drivers are getting in their car after their day job. does that count? rishon: yes and no. if we are trying to count how many people are working, probably. i think the courts are also it should count. making some decisions about whether uber drivers are uber drivers or their own drivers. there's a bit of wild west owing -- going on here. ultimately the purpose of these numbers is to determine the health of the workforce economy.
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we have to factors those things in. emily: we will be back with more of "bloomberg west." ♪
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emily: more job cuts coming to blackberry. the struggling phone maker says it is laying off 200 employees in florida and its ontario headquarters. the company has slashed thousands of jobs in recent years. blackberry says it is actively recruiting and other areas of its business. join me now to discuss -- garrett in toronto. garrett, where are these cuts coming from? and what does it say about the strategy? garrett: right. so john chen's strategy is to get to sustainable profit. he's been cutting for pretty much the entire time he's been ceo now and this is more of the same. sometimes there are more,
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sometimes there are fewer. job cuts have sort of been happening throughout the last few years. it will be interesting to see how many employees blackberry has total and they let us know at their next agm. in a few weeks here. emily: these cuts show a lot about his plans for hardware versus software, right? gerrit: yeah, of course. we are not sure what happened with the people today, what kind of the business they worked in. a lot of cuts over the last few months have been with the people who work on bb10. that is the operating system as . as they have switched over to android, that means that those people are no longer part of their plan. they say they have been cutting and hiring in other parts, but cutting is obviously a big part of cutting costs for the company in helping it financially. emily: we have a statement from blackberry, as blackberry continues to execute its turnaround plan, we remain focused on driving efficiencies across our global workforce. this enables us to capitalize on growth opportunities while driving towards sustainable
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profitability across all parts of our business. how small this the company get? gerrit: it's ad? great question. part of it is wrapped up in whether the company continues on its handset path. they have said they have more phones planned for this year and they will be running android. a lot of people have kept to the question of, when will this company stopped making smartphones, either sell the patents or stop doing it. -- stop doing it? revenue has continued to fall from that part of the business. it is anyone's guess how small this company can get, but it has already gone a lot smaller than its heyday. emily: how successful have the android phones been so far? gerrit: they have held off on saying specifically how successful they are. one metric that got investors impressed in december when they reported their earnings was that the revenue actually grew for perhaps the first time in a very long time.
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emily: we will be looking at those earnings next time around. gerrit de vynck live from toronto, thanks so much. ♪ emily: a leading innovation expert is saying it's time to get used to life with robots. formerly an advisor on innovation to department of state says in his new book, quote, the industries of the future, robots are not only here to stay, but they will be pervasive across our society, filling jobs from factory floors to operating theaters. i sat down with him to tell us all about it. >> the robots of the cartoons and movies of the 1970's will be the reality of the 2020's. there doesn't have to be millions of dollars worth of hardware and software inside a robot to do sophisticated things because they can all do rhythmically be told what to do. the second thing is the mathematical breakthrough called
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mapping the leased space, which takes things that have been robot tasks, put the mathematical breakthroughs -- but the mathematical breakthroughs have allowed robots to go from doing things that are merely manual and routine to cognitive and nonroutine. what i believe is that robots are going to go from replacing not just blue-collar workers doing manual labor, but in the future they are also going to, combined with very powerful artificial intelligence, going to replace what i would call low-level white-collar labor. work that involves some cognition, but a lot of repetition. the wii i think about robots -- the way that i think about
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robots today is the way i think about the commercial internet in 1994. it is chapter one, page one. we are beginning to see commercial and industrial robots, but they are going to look so clunky and so antiquated relative to what's going to be out in 10 years. i think we are at the very beginning of the robot revolution, where really, the robots and cartoons in movies of the 1970's are what we are going to be looking at in the 2020's. emily: given ross' experience, i could not help but ask what he thinks about the current presidential campaign, which candidate is using technology most effectively. take a listen. >> do i see the current crop of presidential candidates using technology in a way that is different than before? the person i would give the most credit to is ted cruz. donald trump ran a great air game in iowa. the big data analytics tool --
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tools used by ted cruz really helped bait donald trump. the person probably performing the best right now is ted cruz. the other two who stand out to me are both hillary clinton and bernie sanders. i do not know that they are doing anything so differently. i don't know that there has been as much innovation in this campaign per se, really distinguishing one campaign from the other, but there are a lot of very well run campaigns. what is technology useful for if you are running a political campaign? identifying and getting your voters out to vote. a lot of the time the data that you are managing in a campaign can be really disorganized, all over the place. i remember when i was in college working on campaigns, we would have to flip these pieces of paper to get to the voter files. it was a mess. what big data and technology has
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done is made elections a much more professional enterprise. the second thing is communications. instead of relying on people reporting about you, you can communicate around the press using social media, and forming, inspiring, and insight into action. the last thing is fund-raising. you can raise money from rich folks who write you checks, or you can raise lots of money in small amounts, for example how bernie sanders is doing right now. you can only do that using technology. emily: finally, i asked alec ross about silicon valley. can we build more silicon valley's elsewhere? alec: over the last couple of years i have traveled the equivalent of 25 circumferences of the globe. i'm always asked one question. what can we do to create our own silicon valley? my answer is, please don't try to create your silicon valley. they have a decades long head
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start. what i say to government and business and academic leaders around the world, is focus on what you do very well in your country and then apply it to the industries of the future. take your domain expertise in agriculture, in automotive, whatever it is, and figure out how that applies in the industries of the future. i do believe that the trillions of dollars of wealth that has been created in the last 20 years in silicon valley, over the next 20 years, powering wealth creation will not be as concentrated in that 30 mile long, 15 mile wide area. i imagine there will be between 10 and 15 clusters globally that will be massive centers of investment, innovation, commercialization, and wealth creation. emily: alec ross, formerly innovation adviser to the department of state. now author of the book "the
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industries of the future." it looks like symantec just scored a major investor. the firm's managing partners also getting a seat on the board. the company also announced it plans to cut $400 million in costs by the end of 2018. he shares jumped as much as 9.5% on the news, closing up 3%. coming up, a wild ride in tech continues this week. we will wrap of the week that was. ♪
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emily: don't throw out that broken iphone just yet. in an attempt to encourage upgrades, apple says it will take back broken models as trade-ins. until now apple offered credit to iphone owners only if the device had an intact screen and working buttons. the new policy only applies to the iphone 5 and later models. it's time for our tech week in review. joining me to discuss, our reporter and a
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columnist for bloomberg gadfly. i did the interview with marissa mayer earlier this week. everybody has wanted to talk about it. what is your big take away from yahoo!, and the three plans she laid out? one turn around, two, reverse spin three, putting the company , up for sale. >> it seems like an impossible task. >> she has these three plates spinning at once. each of those plans individually turnaround, spin off the company, solicit potential buyers from the company. each one of those is difficult on its own and they will try to pursue each of those at the same time. it seems impossible. emily: my take away was that her focus will be on turning around the company, and that's what she would prefer to do. she really doesn't want to sell the company. i asked her if selling the company to her, which she see that as a personal failure. good forayer: what is
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me is good for yahoo!, and of story. there's not a personal interest that is separated there. we want to see the best possible future and the best possible outcomes for yahoo!, for our users, our advertisers, our employees, and our shareholders. emily: marissa mayer is a product person, through and through. do you buy that? >> i don't buy it. i really don't. i think she has to say the politic answer, which is what's good for the company and what's good for shareholders is good for me, but you can tell she's most interested in turning around the business, not try to sell it for parts. >> she's extremely optimistic. she keeps talking about the mavens. it's her favorite word. she really wants to hold onto it. there is so much pressure, she really has to consider it. emily: let's talk about the market cap reordering that happened this week. after all the best/google reported earnings google became , the most valuable company in the world by market cap. it has since stopped down to second place, below apple.
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shira, what is going to happen? are we going to see them continuing to bounce around? shira: it does feel like alphabet, google -- they are the ones who have momentum right now. we've talked and written a lot at bloomberg about apple's existential struggle, that iphone sales are going to decline this quarter for the first time in the history of that product. that means that investors are anxious about the potential of apple going forward, and that is reflected in the market cap. emily: today we have seen massive drops in linkedin. facebook also dragged down. are we going to see a sort of massive revaluation of tech in general? >> i think we need to think that overall -- there are so many macro headwinds. if we are looking at alphabet versus apple, we need to consider that apple has almost three times the revenue of
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profit. if we look at those numbers, right now it is that investors are looking more at future performance rather than past performance. they have been really confident following alphabet, google's great earnings. as shira says, the iphone will have a slowdown in for the first time in over a decade, they will have revenue declining. emily: i want to talk about gopro. gopro has been a prime company. shira: gopro has a lot of problems this week, and it was interesting to look back. they sold about $800 million worth of stock at the tail end of 2014, when the company was doing pretty well. $800 million right now is more than half of the current stock market value of gopro. but emily: shares have been locked up for a long time.
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shira: nick woodman and his family, his dad and his siblings, they all invest in this company. they did not have a windfall until after the ipo. it's not uncommon for there to be selling, but in hindsight that amount of selling has been almost a peak in the share price, looks a little iffy. emily: a red flag? red flag. emily: we have been talking about how gopro is a one product company. can they overcome this? they have not been able to transition to being a movie company as well. what is next? what is the game plan? >> nick woodman has been trying to lay out that they are not just a company that sells cameras on a stick, as cory johnson always says. they have a drone coming out. they are finally addressing the
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software problem and they are supposed to be rolling out a content management system. today we saw gopro get a lift in after-hours trading because they announced some announcement with microsoft, basically an ipo agreement for software filesharing. we don't have details on it yet, but it shows that investors are a little bit optimistic that there could be some hope. emily: all right. selina and shira, thank you both. we will see what happens next week. the blood testing startup has one week to tell regulators how it will fix problems at one of its labs, saying its newly hired lab director will take the time to review the company's response. the health agency found flaws at the lab. it said some practices put patient safety at risk. coming up, the small town coffee
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shop that won the advertising lottery, a $5 million spot. how good is this commercial? pretty good. as we had to break, we look at amazon's first ever super bowl ad. alex baldwin and dan marino struggling with super bowl party ideas. next.bloomberg west" ♪
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emily: earlier this week we reported that microsoft had scooped up the ai-based predictive typing startup swift key for $250 million. the swift key founder will not him see a penny of it. that's because in 2008 he sold his entire stake in the company for a bicycle. he tweeted, decision to sell was the biggest mistake i ever made. the shares would have been worth an estimated $36 million.
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that is one expensive bike. speaking of expensive, the most-watched event in the u.s. on tv is the super bowl. last year more than 114 million people tuned in, making it a gold mine for companies that can afford the $5 million ad. check out the winner. >> fear not. for tonight we drink in the andt of vahalla welcome death! announcer: death wish coffee. emily: joining us now, death wish coffee founder mike brown from san francisco. you guys have one store in new york, you are and 11 person team, and you sell coffee that you claim is the strongest coffee in the world.
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what was it like to win this? mike: the most unexpected and amazing experience of my life. it was incredible. emily: you are out there with doritos, budweiser, go daddy -- after you won, what happened? michael: quickbooks was nice enough to allow me to be part of the process. they gave me three options. i picked the one that fit my brand the closest. they took me to the studio and showed me a world i have never seen before. i was able to watch them make commercial magic. emily: the attention can be a blessing or a curse. if you get a surge in demand, how will you handle that? michael: we have been preparing for the last two months. we found out right after thanksgiving. we have been pumping coffee into
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our inventory channels. i think we have 250,000 pounds ready to go. deathwishcoffee.com. emily: you have experience, as i understand it, with 15 minutes of fame. you were on "good morning america," then you got temporarily pulled off amazon. what happened? is that a case that you could not support the demand that flowed in? michael: yeah we learned the , hard way, a few years back, on how not to do it. this will be our next big test. emily: how do you turn a short burst of demand into long-term business growth? michael: that will be the challenge. we have distribution centers all across the nation now, and they are geared up and ready to go. i think it is continually putting out products that add value to our customers, and that is what we will continue to do. emily: i'm sure you know san francisco is intense about its coffee. right down the street from you,
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designer coffee shops all across the city. do you think death wish will be a hit in the silicon valley crowd? michael: yeah. there are amazing coffee shops out here and amazing coffee companies. i have been lucky enough to experience some of them this week so far. we had a death wish coffee car. we ride it around san francisco. we tested it out. san francisco, they love death wish coffee. emily: if your commercial does well, it could go down in super bowl history. what are your favorite historic super bowl spots? michael: there was the apple commercial that took apple in 1984 from a smaller company to the world's most valuable company, i think, right now. there was a reebok ad, the office linebacker. we are always getting on each other and getting things moving.
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emily: congratulations, death wish coffee founder mike brown. i'm excited to see it on the air during the game. thank you so much for joining us. michael: thank you. emily: and time now to find out who's having the best day ever before that guy, maybe it's crazy eyes and the rest of the cast of "orange is the new black." netflix just renewed the hit a series for 3 more seasons. the show has gotten critical acclaim and four emmys. although netflix does not break out the numbers, the company said "orange is the new black" is the most-watched show on its service. interesting. the fourth season premiere happens in june. that does it for this special edition of "bloomberg west." have a wonderful super bowl weekend. i will see you in san francisco on monday. ♪
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