including syrians. assistant secretary of state victoria nuland says the u.s. will "continue to be a welcoming place for refugees echoed no word on how many the u.s. plans to take in. newly obtained files have references to men who carried out the paris attacks. analysts say the files could provide clues into islamic state global recruiting networks. nato's north american council approved the nomination of u.s. army general [indiscernible] he is in charge of forces in korea and will succeed philip breedlove this june. angela merkel faces a big test sunday after her campaign focused on her open borders policy, three german states will hold elections. even if her first and democrats lose all three votes chancellor merkel is not expected to

resign. remembered the former first lady nancy reagan today. she was buried next to her husband in california. marknew york, i am crumpton. g west" is next. ♪ emily: coming up, a watershed moment for marissa mayer. yahoo!'s ceo admits plums with the turnaround and more explicitly entertains a sale. we will break it down. realignment in the auto sector as ford spins out its mobility unit and gm continues its acquisitions pre-. we'll have the latest. internet visionary and napster cofounder sean parker speaks to me about life, love, and his

next act. marissa mayer talks about the future of the yahoo! in her place in it. she faces increasing rusher but promises to do what is best for shareholders including perhaps selling the core internet business. she opened up about the rocky road that lies ahead. can see how it would work and how we can get to the successful turnaround. it is about our users and it is about our employees and what is happening with all of them. i certainly hope that our services are here year from now and they run even better. i can see that should easily be the outcome. we have a terrific team and i hope they are allowed to continue on to do the good work. allre going to look at possible strategic alternatives. i and confident we will have the right one. charlie: if you have reached out to ask for, look at

the position we are in and what is the best way to go, you are seeking advice from a cross-section of people in silicon valley and the financial community. say this is the challenge we have and this is my plan, what do you think question arc -- do you think? >> our situation is complicated. charlie: what do you mean? >> it is complicated in itself and you look at the stake in ali a joint stake in australia. when you look at the elements of our business it is a complicated basin when you look at how can we maximize the value that is recognized by all the different pieces it is complicated. >> in order to sell off a spinoff of the alibaba assets,

who would have to sign on to do that? >> one of the things is our pricesn alibaba, that relatively low. we bought it for $1 billion. it went on to multiply to a tremendous return. and so given that there is a lot path of viability, there are various ways to address it. it is tied closely to the value of alibaba overall. thought is there is more tax liability introduced i spinning out alibaba then on the reverse. built is higher and there is a higher tax liability. we see their challenges. and my view is i having lots of different viewpoints on the

issue is helpful. we take all that and engage with them. we engage with our shareholders and integrate that to the best of our ability to find the right path forward. so what is the likelihood she can keep her job even if the struggling web-your changes hands? joining me now from new york. you wrote a great face about yahoo! pointing new -- appointing new board members. you called it dangerous boardroom jujitsu. what do you make of her comments about activist investors? >> a think she says what she has to say which is we listened to outside input and we appreciate their criticisms. you heard her say yahoo! is a complicated company and she is arguing for more time, time for place get a turnaround in

and show that her plan for yahoo! and not the shareholder plan is working. emily: she is asking for a lot more time. take a listen. marissa: when we look at this we have drawn on a strategic plan and we can see the turnaround. five to seven years. emily: seven years, is that realistic? >> i just rolled my eyes when she said that. if i were a young shareholder and i heard her say seven years for turnaround to take place i would probably cry. it is hard to point to evidence that the company is going in the right direction or the operating performance has not been good. some of the strategies she has put in place to do original tv to do more mobile apps, it is hard to see any signs of success

there. so for her to say we need another three-year turnaround plan after three and a half years, that is pretty hard to swallow. no one wants you to cry. if yahoo! changes hands would you think of the idea that she could continue running this company for the longer term? >> it is an interesting company, an interesting idea. the question that lots of people have asked is if not her then who is the right ceo for yahoo!, which to her point, is a complicated company with a complicated legacy. i'm not sure i have any other battier -- better ideas so it would be interesting to see to the extent there are interested parts, or ifl they have better ideas for ceo. emily: one of the things i found interesting was her willingness to admit that she did something

things wrong, perhaps a greater willingness than i have heard from her in interviews i have done. take a listen. are some think there things we did too quickly and some things we did too slowly. and not enough. i think that we learned from all that and we are constantly getting better. thoughts onare your her willingness to be more reflective? >> it was great that she admitted she did not do everything right that i did not hear a lot of specifics. i could single out a few things they did too slowly, they were too slow in focusing yahoo! on core business is, they were too slow in stopping the spinoff of alibaba shares once it was clear that would be a potential tax liability. they were too slow in deciding up 2 -- to put the company for sale. there were a lot of things that they were pretty pokey about. there is fewer things they did too fast as far as i can see. emily: we believe that yahoo!

and marissa mayer met with star board this week. we do not know what happened at you meeting, but how do expect this to play out given the latest twist with these new board members? >> the next couple of weeks for yahoo! will be interesting. in two weeks and there is a deadline for shareholders including this activist, starboard to nominate their candidates and i saw yesterday's announcement about these two new board members as a way for yahoo! to front run starboard's on potential nominations. i do not know what the starboard thinks -- folks thought of those two new director candidates this week. i guess we will find out. that vote in june most likely, the annual meeting in june will be a referendum if the activist shareholders have it on candidates up for election and they get on the board. that means shareholders have waited we do not want to

for a turnaround. we want this company to sell now. emily: i am sure there will be some twists and turns but between now and then. thank you. watching. are intel is planning to sell part of its venture capital unit that could be up to one -- worth up to $1 billion. the portfolio is made up of companies from all across the world and housed within units called intel capital. they're looking for buyers but talks are at an early stage. intel is said to be open to ask -- selling the assets as a whole but divided by geography or sector. shares rose in friday's trade. his sxsw officially uncool? president obama stopped by to to work next generation for the government. we will give you the highlights. we take you inside sean parker's la mansion where he opens up

about his days at facebook as .he country's first president ♪

emily: now to sxsw. they had a marquee guess this year, president obama. i still think he is cool. his official mission was to woo top talent to work for washington and make sure the things like the bungled rollout would notare.gov happen. one day after the doj tried to focus the argument back on that one particular phone, president obama weighed in. solveent obama: how do we

or disrupt a terrorist plot, what mechanisms do we have available to even do simple things like tax enforcement because if in fact you cannot crack that at all, government cannot get in, then everybody is walking around with a swiss inc. account in their pocket. to bring in our tech editor. let's talk about his argument specifically with regard to the apple-fbi standoff. how did he move the argument forward? >> he tried to paint himself as a defender of civil liberties right now. it seems the civil liberties side of the story is basically saying the president and federal government is acting against him. he went to say he does defend

civil liberties and he is trying to thread the needle and security and privacy saying there needs to be a privacy -- a conversation that needs to get the decision made that is not an absolutist position. he wants there to be more of a nuanced decision and that is how he tried present this to the tech leaders at sxsw. emily: he said he did not want anyone to take an absolutist view. take a listen to what he said. president obama: i english a lot and ihe decisions we make am not interested in overthrowing the values that made us an exceptional and great expediency.y for but the dangers are real. law and order and a civilized society is important, protecting our kids is important, so i would caution against taking an absolutist perspective on this. bely: he said there has to

some concession, some concession to get this information off the phone. edward snowden found in a few years ago, julian assange has spoken there. put it into the broader context. >> president obama spoke a little bit about how edward snowden's revelations have amplified this conversation around privacy, around encryption, and this is an event one that has been adopted by silicon valley and by the technology community, and serve like the spring break for silicon valley. edward snowden called in in recent years be a video chat and julian assange, the wikileaks founder has spoken there. and they have talked a lot about opening up and impute her

encryption and strengthening protection of information. emily: the president has gotten going, heeat by missed nancy reagan's funeral. why did he make this a priority? >> he wants to paint himself as the first technology president. he won back in 2008 on the strength of technology. his campaign was run by young 20-year-olds who were very technologically savvy and he wants his presidency to be remembered the same way, he is tackling big problems by using the tech world, using technology experts and he wants to recruit a lot of experts into government and that is one of the pitches he made during his speech to try to get young people who would normally go to silicon valley to get them to come to washington and figure out how to self big problems in the federal government so that is one of the reasons he decided to make this a priority and actually miss the funeral that happened today. securityere is a cyber labor epidemic. i found the statistics, 200,000 u.s. sever security jobs are

unfilled. how hard a cell is it to convince an engineer to work for the government in the middle of all this when they can come to silicon valley and work a start up or work in a company like google or facebook? >> it is difficult when one of their biggest technology companies is at loggerheads with the u.s. government. obama was trying to do some damage control today and try to sell people on this message of coming to improve government. in trying to do that he had to bring the disaster that was health care.gov and call out how they had to call in the private sector to come and fix that website. emily: you have people on the hot app lastw, the year was meerkat. before that it was foursquare. what is the hot thing now? >> we are expecting to see a resurgence of the sort of

meerkat live video thing but probably through periscope which twitter acquired last year. another app that a lot of people have been talking about is one called anchor. it is supposed to be a crowd sourced podcasting type thing. it is very new so you never really know what will take off their but there is a lot of startups that are trying to be the next twitter, not necessarily the next year cap. emily: when do you think we will from the president again? mark we have apple's response next week and we have the hearing in riverside. >> i will hear -- think you'll hear from the president on this pretty soon. he will continue to weigh in on this. you will see him try to get tech leaders together at the white house and he has hinted at being able to solve this problem by getting everyone together and getting the experts on this talk

and copper mines in, with a solution so i do think the president wants to make this an issue he solved before he leaves office in 10 months and you probably will see him meeting with some of the top leaders in silicon valley in the next few months. trip: certainly a historic by the president to sxsw. thank you for a much, our white house reporter and tech editor. we also did learn some sad news. cofounder louis myers has passed away. he was part of the original team that formed the festival. byis being remembered my -- many on social media. quite poignant to have this happen on the opening of the festival. more on "bloomberg west" next.

emily: gm is determined not to be left behind in the race for a thomas nichols.

thattart up makes sensors turn regular cars into self driving cars. it is the latest move for gm that formed an autonomous vehicle team and invested in ly latest driving route. joining us from washington, d.c.. talk to us about their technology and is this about the technology or the talent? >> here's a company that has been around for a few years and they were developing aftermarket kits to hook up to audi a4's that would turn your audi into a self driving car. they did not have the money to keep going and this is an opportunity for them to expand and to help gm at the same time. google seems to be the farthest along when it comes to

self driving cars but gm has the technology. they have been working on it for a couple of years. how do their efforts stack up to google? >> gm introduced the idea of a thomas cars in 1939 at the world's fair. the technology has always been out of the grasp of everyone's reach until now. we're getting to the point where it is out there so gm has been doing work with data and stuff like that. but has not been taking another strategy which is slowly integrating this technology. they were planning to have a super cruise control-like feature where you could take your hands and feet off the controls and it looks like that will be delayed until next year. not doing the same approach as google with fully a thomas at this point. emily: another interesting story and the outer industry, ford is creating a subsidiary, focusing on everything from car sharing to a thomas vehicles. they're looking for co2 lead this company. they're looking in silicon valley. what do you make of the fact

that ford is creating a separate company for these efforts based at here rather than doing it within the company itself? >> trying to bring in forward give somend creativity and flexibility to try some of these new things. these are companies that have been around for a hundred years or so and sometimes have found in the past that going outside the constructs of the bureaucracy is the way to do it. even ford itself in the past has set up skunk work projects to develop new technology or products, not totally unheard of in the automotive industry. emily: google has a deep bench of self driving car talent. you can figure of that could be a good ceo? >> it is going to not only navigate silicon valley in the tech community but the automotive industry. you're going to want to look for folks who can do both of those things which will be a challenge. tim higgins joining us

today from washington. thank you for that report. show, we will talk about the future of medical testing. radio.s out on the you can listen on the bloomberg radio at at bloomberg.com and on sirius xm for you -- serious xm. ♪

mark: let's start with a check of your first word news. the european union and have been at signed a deal normalizing relations. toowing the eu and havana

collaborate on projects ranging from environmental protection to modernizing cuba's tax collection system. >> have somehow finalize the date [indiscernible] that our american friends art doing with -- are doing with cuba. mark: they have a long and close relationship with the island but there have been disagreements over human rights and political reform. there is an uproar in the u.k. over comments president obama made in an interview with the atlantic magazine. the president called libya a mess and in part blamed british prime minister david cameron and other british allies. the press is calling his remarks and unprecedented attack on the prime minister. -- thean president

brazilian president will not resign. facing impeachment proceedings. the court is considering campaign irregularities. ben carson is throwing his support behind front runner donald trump. speaking in palm beach, florida, carson called from an intelligent man who cares deeply about the united states. colson -- carson have buried the hatchet over their past disputes. he dropped out of the presidential race after disappointing results on super tuesday. torrential rains pounded louisiana for a fourth straight day making roads impassable and increasing worries some levees could run over their banks. three people have died in the region as a result of the severe weather. throughrnor traveled not in louisiana to assess the situation. mourners from their worlds of

politics and media and entertainment attended today's funeral for former first lady nancy reagan who died last week at the age of 94. -- daughter parried described their lives is to have so the circle. >> the moment before my father died he opened his eyes which had been closed for days and he looked straight at my mother. the circle was drawn again as he left this world. reagan will be buried next to her has been on the grounds of the ronald reagan presidential library. day andews 24 hour a more than 150 news bureau's around the world. i am mark crumpton. emily: sean parker remade the

music business with spotify. according to variety screening room will offer antipiracy technology that can help studios offer new releases in homes the same day the hit theaters. i sat down with parker at his mansion and asked to share his views on the minute -- music industry, his so-called hacker style of the future of social media. consumers turn to part -- piracy by and large when they cannot get the product through legitimate channels. there needed to be a legitimate market offering coming from the record labels and they could not get their act together for years to put that into the market. it was frustrating to watch this long, deleterious collapse of an industry that was producing something that i loved so much. we never went to see that happen. music sales peaked in

1999 and since then it has been years of decline. you are on the order spotify. do you think that streaming can and the years of decline that the music industry has been facing? >> sean: we're getting back into growth based on what i have seen at spotify and coming out of apple. it looks i could has bottomed replace cdy could sales, the decline in cd sales and the decline in downloads but not both. emily: how do you convince people to pay for services when there is so much available for free online whether it is youtube or elsewhere? sean: the question of free versus paid has laid the industry all the way back to radio. the services like spotify that monetize at a great rate where we see users coming in to a free

channel, we see one third of those users over time becoming paid customers, there is obviously added value and that convenience, it is the ability to make a playlist, share playlists with the outside world, organize your music library, it is all the things we help -- due to surface music. emily: you are known as the guy who dropped [indiscernible] mark and i do not talk as much as we used to. generally speaking, it is a good relationship. emily: there is a science -- a scene where it yuan mark zuckerberg meet for the first time. after that you hang out with the ceo of over -- uber. is that true?

sean: i do not know that i went to a club. mark went out to a club. travis has not changed at all. perfect some ways the ceo of this company because he -- he feeds off of the conflict and the controversy. with very good at dealing complex situations where he is being attacked from all sides. as ank he would thrive wartime leader. he is very good. under those circumstances. i think there is a lot of companies that would have way too boring for travis. emily: how impressed are you with what uber has accomplished?

is it worth $62.5 billion? sean: do i think any of the companies are worth their private market valuations question mark there is a disconnect and the company is too long to go public. and then they do not do so well in the public markets and you are seeing a write-down. there are a lot of high-profile write-downs. it is not clear what any of these things are worth until the public market values them because in these close knit dovate markets you can various things to engineer the valuation. emily: should they be going public center? sean: the traditional path would be to go public center. something happened post-facebook and i may have played a role in this occurring which was the development of this robust secondary market were suddenly

hedge funds and private wealth various sovereign wealth funds and so forth began to invest very heavily and private companies. emily: you started the secondary market? sean: i did not start everything. i did not start secondary markets. we encourage that facebook and robust secondary market. we were much more open to having a secondary market in part because we had a longer-term vision. you need to give people an opportunity to take the quiddity a long the way. emily: what is the biggest threat to facebook's business? has more growth left in it. it is value extraction. it is value that has been stored for a long time and there is a lot of smart people figure out how do we unlock that value. that process is another 10 or 20 years before we start to see

.hat that looks like emily: fisher to catch the rest of our -- be sure to catch the rest of our interview right here on bloomberg television. don't forget to subscribe to the podcast. extra special deleted content. we will take you inside sean parker's mansion for an exclusive tour of his art and sculpture collection coming up next. ♪

emily: united technologies has turned out and $90 billion takeover offer and it may make some acquisitions of its own.

look at thes may aerospace, fire, a securities -- or security sector. we are watching. disruption in the medical testing. this area is brimming with startups promising everything from cheaper blood tests to mail order cancer and genetic screening kits. the sectors is getting a lot of attention and regular readers at the fda taken an interest in the space. let take a closer look with the imaging advantage ceo joining us. thank you for joining us. medical testing startups are doing all kinds of things. a very diverse face but the number one goal is to improve patient satisfaction. talk to me about some of the disruption you're saying. guest: we are seeing quite a bit of disruption. there is a significant amount of

venture capital money and do a number of startups are trying to address the health care market that is a $3 trillion health-care market from multiple vectors. we are seeing startups get into genetics, blood testing, lots of deep learning, data mining and imaging which is the sector we are in which is a billion-dollar sector -- a $20 billion sector. we are seeing a lot of innovation, a lot of money supporting this innovation and you have seen some models have been quite successful, others not so successful. emily: what are the biggest issues that need to be changed? guest: some concepts are very appealing or perhaps interesting that they do not necessarily address fundamental change in the problems in the health care market. you're seeing -- sometimes you see money go after companies that have tremendous promise but they are not really going to affect change, the kind of change that is needed that will help patients. for example you see a variety of

technologies coming out that are not really commercially viable. you see products coming out that have had significant issues that the fda has in a vain to prevent them going forward. in our business and imaging, we took a $20 billion industry which is a brick and mortar industry, touches on most every patient in the u.s. and we have deployed technology to leverage existing infrastructure and have had significant results. even with the existing pool of radiologists in the united states we have seen efficiency as much as 50 percent to 70% greater productivity with the technology we have to point. emily: your company is trying to bring down turnaround times for radiology test results. how should this space be regulated? first of all it is regulated. it is heavily regulated. what i think is interesting is rather than come up with an innovative way to take the patient exams or have patients

move through the system, we have -- this is heavy work -- heavily regulated. all the machines like cat scans, x-ray, ultrasound, all these have to be fda approved. our core technology which goes into hospitals is fda approved and then you have a level of encryption. patient information is a sensitive so we are in the department of your -- defense and 500 facilities across the u.s. government, public and private facilities. you want to make sure and this is a good point, want to make sure the way you capture patient which it is aned imaging. you see other industries where people are doing blood tests at ofe, are doing other types wearing devices, wearable devices, these are data collection devices just like the imaging machines but what is important is the data set that is being collected has to be protected because it is your personal information but it also

has to be taken in a way that is usable, longitudinal data that can be used for what you're hearing about today in terms of precision medicine or personal medicine. the data has to be robust. emily: the fda has taken a special interest in [indiscernible] it is an area that is not supposed be regulated. the ceo of 23&me. required to have the transparency that people are asking for and that is part of this disconnect that is happening is the fda has put out guidance where they are trying to regulate that whole industry. if that is the type of call that goodda's making it will be to have that same transparency across all diagnostics. that is one situation but

in general should barriers to entry be lower? guest: that is a good question and you have to have the proper balance. if the fda or redo a tory infrastructure in the u.s. is too slow or too invasive or not evolving with the technology and innovation, you're going to see a lot of the development of offshore. you will see foreign companies and foreign countries develop innovations that we should be developing here. on the other hand, we have to remember that the fda has an important role. if done properly to protect consumer interests. they are collecting patient data. is collecting dna and genetic information. not to suggest that they are not using this properly or protecting it properly. the simple fact is we need to have the proper balance between innovation and consumer protection and make sure the data is used properly. emily: we will have to leave it

there. thank you so much for joining us. obviously a space we will keep our eye on. private air travel is coming the uber treatment. we will be to the ceo whose company is getting royal backing next. ♪

emily: time for a preview of studio 1.0. we met sean parker at his mansion where he gave me a private tour. check it out. ♪ sean: this is the brody house built in 19 -- 1948. francis brody was a collector of mostly postwar art. this is amazing for me. in many ways it is therapeutic because i spend all my time

dealing with code. this was the first place where we made it our home. emily: i know you are super involved in a lot of the detail here, the art. sean: i love design first and foremost. i always considered myself a product designer more than an engineer. properties do not become available very frequently. it's a happened we had a mutual ellen, she was hosting the oscars. ofnot take on the renovation historic property while hosting the oscars. emily: tell me about these pieces. sean: those arming dynasty horses create i have gone from being the disruptor to being the character, whose responsibility is to maintain this house. emily: are you calling yourself

lord parker, is that what is happening here? sean: no. he wanted to integrate this into an outdoor space. one of the things we did was all this exterior space including the fire pit and the wraparound and the dining table. none of this existed. the peacocks from the playboy mansion. emily: you live next to the playboy mansion. have a tunnel underneath that leads to the playboy mansion that they do not know about. emily: what is it like living next to the playboy mansion? sean: it is completely normal. and when winter turned two, we had her birthday party at the playboy mansion. i know that sounds

salacious but they have a private zoo with a huge number of monkeys and exotic animals. emily: that sounds like quite a birthday party for a two-year-old. sean: the kids loved it. my experience at the playboy mansion is very wholesome. emily: napster cofounder sean parker. do not miss the full interview this sunday on studio 1.0. for those of us ready and able to travel in style, the uber a $20looking at closed million funding round including contributions from jay-z and the saudi royal family. they carried 35,000 passengers and racked up 350,000 app downloads. this,ith me to discuss the founder. thank you for joining us. there are some that have come before you, a company called that is notkjet

around. how do you avoid the challeng es? >> we have moved 15,000 unique passengers. we have created unique products from being the leading provider of scheduled private jets and being the leading provider in on-demand share travel. we consider ourselves like a mercedes-benz approach. --t would be the c cka class product. is next jet and flex jet, how are you different? fractional are models. we are the person who wants to book on demand trip by trip and we allowed people to save more money by booking per seat. emily: it is $9,000 a year. cannot believe i will say this but it sounds fairly reasonable. class ticketsiness

to new york from san francisco at least $5,000. is that sustainable? guest: yes. that is the schedule side of our business so we have a certain amount of scheduled flights. we are the largest provider of scheduled flights and airplanes under 19 passengers. you could take a flight from san francisco to new york and you get on that flight and because we are buying in bulk, we are buying distressed assets, not flying as much, the average flying jet flies 250 to 300 hours a year when they should fly 1100 hrs so we are creating efficiency and we are dividing it by seat which allows us to provide the model. emily: who is signing up? guest: we consider ourselves a halo of a mercedes benz approach. we have different classes. you have this entry level, the

first in business class flyer. we have democratized the space to 2.5 million people. we have the people who are currently flying private who are saving money and getting more bang for their buck. they: any concern about economy is there -- if there is a downturn? guest: given that the market has serviced 150,000 people, we have opened up the markets 15 times more so if anybody can survive in the space it is us. just because our demographic is much greater. emily: jay-z thinks you can. thank you for joining us. that is it for this edition. do not miss my interview with sean parker on studio 1.0 this weekend. ♪

♪ >> from our studios in new york ."ty, this is "charlie rose marissa mayer is here from yahoo!. -- people want the company to succeed and they want her to succeed. she does not do many interviews, but we are pleased to have her here to talk about the future and the past. owns 40% of, yahoo!