zynga and some others have struggled.ompanies that do well deliver the highest quality products to consumers. i think there's a big opportunity and free to play games. i think there continues to be an enormous opportunity in a kind of aaa titles we specialize in. there are massive multiplayer games as well and we have the leading sports title in china. we launched a massive multiplayer online game in korea , so there's plenty of opportunity that is in our core business and we see that as a wonderful opportunity or growth. today, we put out a title and always give consumers an opportunity to stay engaged and we monetize that engagement. i think the business is more of the same and new opportunities, some of which we see, some of which we are not sure about like virtual reality. emily: in town for the gc. thank you for stopping by. coming up, and a bloomberg exclusive, we meet the woman hoping to bring the theater experience to a mobile device near you. ♪ emily: when you go to the movie theater, it's just as much about the

joining us here at post 9 is zynga co founder, and former ceo at electronic arts. let's start with you. is oculus simple enough for the mainstream to really embrace it or is it going to be the early adopters for the first couple years, maybe even the first version before this really goes mainstream? >> first off, i think oculus is absolutely amazing. it's an experience like you can't even imagine if you haven't tried it. so i think it's going to make a massive impact. having said that, i think it's going to take a couple, three, four years before we see mass adoption at the level of hundreds of millions of consumers or billions of consumers around the world. >> tom, you agree with that, or could this explode the way social gaming did just a few years ago? >> i think this is actually going to explode. this -- you have to remember, vr has been in demo mode for over 20 years. zuckerberg said, hey, this is going to happen. so three, four years ago, bought oculus and now everyone is falling behind him, htc included. >> we've been working on electric cars, though, for ov

. >>> zynga has not had a hit gain since farmville. now the game maker hopes that a new leader can change that. yesterday the company announced that ceo and founder mark pinkus is stepping down less than a year of he took back command of the company. pinkus co-founded zynga and was previously ceo of the company back in 2007 through 2013. he will stay at the company as chairman of the board, though. last week zynga put its high-profile headquarters in the city up for sale. >>> up next at 11, four police officers on the wrong side of the law of a lawsuit that has them testifying in court. >>> plus, it was a robot's fault. the big admission from google after their driverless car crashed. >> announcer: got a tip for nbc bay area's investigative unit? call 1-888-996-tips or e-mail the unit@nbcbayarea.com. nbc bay area, we investigate. scott you recall we first reportedo you that there had been a coisin mountain view. faul. and if so..t wasash.. andt historic. first boat sinking or the first scott now.. gooe ss indeed.. e robot made a mistak

. >> she called me, panicking, zynga was a fire. moment, at that very these officers were down the street, escorting kids home from school. they rushed into the burning building. >> the police my door saying open the door. residentshey got the safely out. >> the smoke catches you in the face. richard: likely several lives saved tonight. >> i appreciate what they did. i'm glad to be alive. richard: everyone got out, but two people were transported, a resident and firefighter, most likely from smoke inhalation. everyone agrees that if the police had not been there, this could have been much worse. richard reeve, abc 7 news. leon: d.c. police are investigating a serious shooting in southeast. the victim was unconscious and not breathing when he was found. no arrest has been made. developing now, an elementary school worker in silver spring arrested for child abuse. anthony's miss an assistant building services smith. the school sent a letter to parents saying that smith is on administrative leave. leon: all the talk tonight, the summer

zynga's ceo is stepping down and he will replaced by a board member and electronics arts veteran.ga has been struggling for years unable to capture the early magic of "farmville" and mafia wars. this is the second time that the ceo stepped aside from the company he founded three years ago. he stepped aside for another ea executive who eventually replaced. they are up 7% in the early going on this move. >>> san francisco drug mckesson is buying big into canada purchasing rexall health for $2 billion. they have 240 pharmacies in canada. the job market is solid. adp reports in february there was a gain of 214,000 jobs. that was more than expected. and that comes before the labor department's report for february on friday. economists generally expecting a gain of around 180,000 jobs. we saw some big gains for the market yesterday much welcomed. it's been a tough 2016 so far. the dow gained almost 350 points. this morning, a little bit of a breather for investors. let's take a look at the big board and see where we're headed. the dow is lower by about 40 points. nasdaq down by 2. and t

on demand ride company offers uber pool in the east bay that can cut rates in half the new ceo of zyngag promoted after spending seven months on the board of directors. the dow added 34 points and nasdaq wun as well, by 13 points. >>> a high school could have a new mascot after complaints their current one is racist. >> he is everywhere you look. on the sign, in front and sweat shirts and outside and inside of the gym. some say it's time for rebel guy to go. >> we want someone who has 0 reflection of a confederate like image. >> we really love being rebels and high spirited, standing up for what is wrong and right. >> the current mascot was dated back to 1997 seen as a softening of what was then depicted as a confederate colonel. and the year book was called the confederate. jim told us his kids graduated from the high school in 1970. he thinks what was fashionable in the old days may not be now. >> do you think it's time to change it? >> probably, yes. to be politically correct now. >> some have pledged allegiance to rebel guy, none of the supporters spoke before the school board. as f

san francisco based on demand ride company offers uber pool in the east bay that can cut rates in zynga is getting promoted after spending seven months on the board of the dow added 34 points and nasdaq wun as well, by 13 points. >>> a high school could have a new mascot after complaints their current one is racist. >> he is everywhere you look. on the sign, in front and sweat shirts and outside and inside of the gym. some say it's time for rebel guy to go. >> we want someone who has 0 reflection of a confederate like image. >> we really love being rebels and high spirited, standing up for what is wrong and right. >> the current mascot was dated back to 1997 seen as a softening of what was then depicted as a confederate colonel. and the year book was called the confederate. jim told us his kids graduated from the high school in 1970. he thinks what was fashionable in the old days may not be now. >> do you think it's time to change it? >> probably, yes. to be politically correct now. >> some have pledged allegiance to rebel guy, none of the supporters spoke before the school board. as fo

increasingay it is evidence that birth defects can be blamed on zynga, which can be spread by mosquitoes bites. they say the outbreak in the americas constitutes a global emergency. a baltimore police officer can be ordered to testify against his colleagues in the death of freddie gray. that is the ruling today from maryland court of appeals. the attorneys for william porter argued he should not be forced to testify while avoiding a retrial. the first trial ended in a hung jury. five other officers have been charged in connection with his death. his death led today's of protest and writing -- and writing. i am mark crumpton, back to you. our focus back to the search for safe havens that julie was talking about a moment ago. investors clamoring for u.s. government debt the 10 year yield falling back to the 182 level, reversing most of monday's selloff. a little research for yields, but also some p trepidation before tomorrow. >> absolutely. but what we are talking about is going to raise interest rates or not, and the interesting thing is even if they raise interest anything does not mean

mark pincus at zynga, jack dorsey at twitter. this doesn't always work. it doesn't always work. the thing that alibis it in tim's case is that he was not truly gone from the business. my understanding is he has been completely -- has been ambassadorial for some time and did not completely retreat like dorsey or pincus. cory: tesla taking the price tag down a notch for the highly anticipated model three. what are we expecting this week? a look ahead at a week in technology after this. ♪ thank you. ordering chinese food is a very predictable experience. i order b14. i get b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consistently get it? you do with comcast business. it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $59.95 a month. comcast business. built for business. rishaad: oil extends losses for the fourth day; japan also seeing unemployment kicking up and retail sales falling more than 2% in february. began

the champions from the invitational rounds, we have google, microsoft, zynga, and others.ar we want to make it bigger. we are licensed in different parts of the country. we're in san diego, portland, los angeles, washington, d.c., soon. we're in different parts of the world as well. the vision is to connect all the speechless cities to make this huge tournament. right now it's small and local.>> you took something that sounded horrible and made it sound pretty good. err i will let the audience decide.>> thanks for coming in.>> we have more information on w cates -- ktvu.com. coming up on mornings on two the nine, do you feel like people take up a little more room? the proposal that could find people who like to spread out their stuff. when we come back. life's morning multitasking for a growing family, and drawers with many layers, to show exactly what you need. life's sharing a meal. and a kitchen with room for everyone. spend $4000 or more on a new kitchen and get 15% back at the ikea kitchen event. at enterprise, we guarantee it. next vehicle purchase? head to your neig

failure to contain the spread of create new ways of fighting zynga.onal methods, like insecticide spray, have little to no effect decreasing the amount of dengue cases, and there are fears the same could apply to zika. japanese authorities have ordered a shutdown of a clear reactor near kyoto and ordered another shut off line. this comes after reports from residents about the safety of the plant. emergency response plans have not been sufficiently upgraded since the 2011 fukushima nuclear disaster. the bank wants to recover about $100 million in alleges was stolen by chinese hackers from a new york account. the finance minister is allegedly suing the -- suing. local news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. i am mark crumpton. it is just after 6:30 wednesday here in new york, 10:30 thursday morning in sydney. avid: we have had an interest rate cut out of new zealand this morning. new zealand has cut its key cash rate to 2.15%. that is a record low and was predicted by just two economists out of

mark pincus at zynga, jack dorsey at twitter. this doesn't always work.l: it doesn't always work. the thing that alibis it in tim's case is that he was not truly gone from the business. my understanding is he has been completely -- has been ambassadorial for some time and did not completely retreat like or pincus. tag: tesla taking the price down a notch for the highly anticipated model three. what are we expecting this week? a look ahead at a week in technology after this. ♪ >> i am mark crumpton, you are watching bloomberg west. let's begin with a check at your bloomberg first word news. the fbi says it has hacked into the iphone linked to one of the san bernardino shooters and is withdrawing legal action against apple. the justice department had attempted to force apple to access syed farook's iphone but apple refused citing privacy concerns. cory johnson will have more on the story coming up. the secret service says people will not be of to carry guns to the republican national convention in july. despite a petition with nearly 44,000 signatures to al

zynga's ceo stepping down again.e take a look at what comes next for the struggling gaming company. the house judiciary committee takes on the encryption battle. the fbi and apple delivered testimony on this bitterly contested debate. fbi director james comey explained that the government is "asking apple to take away the vicious guard dog." senior vice president and general counsel for apple the only defended the company's stance. tim higgins has been on capitol hill, covering this hearing. what are your main takeaways? >> apple wanted a national debate and the fbi brought it today. the director talking about how what apple is doing is creating asked that one lawmaker if it would provide a sanctuary for criminal underground and he said yes. beyondevating the debate just the discussion in california. taking it to the halls of the capitol. emily: let's talk about the fbi specifically. what do you take away? what do you clean from komi -- comey's testimony? >> the kind of information they are trying to get out of these

people zynga think i am an expert on sherman, as well. and i have come to learn a fair amount about sherman, two, mostly in self-defense. [laughter] but i can to you that times are changing regard to sherman. and as with many things. 2014, anmmer of organization called public asking fora poll, the opinions on william t. sherman. you might imagine they would have opinions on the subject, given his famous urban renewal project. [applause] [laughter] in 1864. 56% had no opinion in georgia. 63% reported that y disliked reality tv star honey boo-boo. [laughter] apparently, the image of sherman have shifted over time. some of it interests me over the past year or so, it is taking seriously the concepts of the american civil war as an american iliad. , itby that, i mean to say is an episode in american history that we have certain stories that we tell ourselves that come out of the war, the kind of have a mythic resonance for us. en the same way there ar the same in homer. what it tells us about being a human being, and i think the people that a

zynga is moving higher by about 4.63%. a 10 cent move. that's how much it's happening following the departure of founged ceo mark pincus stepped down. he's replaced by electronic arts veteran frank jibo. >> and rubio has to win florida to be in the game. and i think to a certain extent, trump has every single primary to date, not caucus but primary except the two texas and oklahoma trump and his people have won. that's a big margin and the support is strong. liz: if you read between the lines it's not that hard. looks like he's stepping down. >> should have stepped down about a month ago. there hasn't been support for him for a good long period of time. in the next month this race is definitely over, and trump will be the winner. liz: lou, ed wrote, this is a route america, wake up. he also says this could tear apart the gop unless donald trump figures out a way to bring everybody together. will he? >> no matter how much ed rollins fights with me on this, i'm going agree on every word he wrote. the fact of the matter is that this now is a

i want to look at zynga. the cofounder will step down again as ceo.a note saying he is a natural fit to lead zynga, turning their focus to ward growing their mobile gaming service. stephanie: the company struggling -- back when farmville was the name of the game come it did well. he's making another move. gameshis company needs is to do more. jeffries and says the new ceo is a good fit and as a result, their shares are up 6.5%. this company had a miss, but a full year eps for the fiscal year 2017. 259-271, even the full-year view misses. of -- ross estimate stores skinning, boosting its dividend. ross stores and t.j. maxx, that shipped to the discounters is where we are seeing the consumers move -- that shift to the discounters is where we are seeing the customers move. >> that's right. ross stores has had six years in a row. underpromise come overdeliver, they've been consistently doing that. you know who else beat on come store sales was abercrombie and fitch. sales up 1% versus the estimate for a drop. stephanie: the store that sells clothes but ad

an executive shuffle at zynga. the game maker behind words with friends announcing its founder and ceo will step down and will be replaced by the former electronics arts executive. starbucks announcing its former chief operating officer has resigned. allstead was on extended unpaid leave. and ross stores reporting better than expected fourth quarter results. the retailer's outlook did come in a bit lighter than expected. those shares are higher in the premarket. >> a few more stocks to watch. weatherford international announcing an 80 million share public offering. the move is an effort to pay down debt and buy additional shares. it's down 6% on the news. csx reportedly rebuffed a january takeover bid from canadian pacific . despite turning down the offer, the firm remains interested in a possible combination, according to "the wall street journal." and american water works will replace consol energy in the s&p 500. the move will take place after the close of trading on thursday. american water up 5% on the news. >

increasing evidence that a spike in disturbing part the facts and neurological problems are caused by zynga which is mostly spread by mosquito bites. it was justified that's the new determination by the authorities in the deadly shooting of robert love wife ann to come he was protests that resulted in his group occupying a wildlife refuge in oregon police say officers shot and when finnegan reach for pistol in his jacket as officers attempted to arrest him and other occupiers after the shooting the fbi released aerial video of the shooting which appears to support their version of events fit them supporters have called for an independent investigation and will we ever know what happened to this plane. today marks the two year anniversary of the disappearance of malaysia airlines flight three seventy which at two hundred thirty nine people aboard. it was flying from kuala lumpur to beijing on march eight twenty fourteen disappeared hours after diverted from its flight path. searchers so far have scant thirty three thousand square miles of the indian ocean and it turned up only a one piece an

mark pincus coming back to zynga. investors don't like it. >> there you go.nvestors don't like it right now. are they going to give the company those several years that you say it might need to actually, you know, realize this opportunity? >> i think if they start to actually succeed by attracting subscribers to their new on-demand service, yes. it will look like netflix. i know that you guys all love netflix, you know i hate it. but netflix doesn't make any real money and they burn cash like sailors. the street loves them. if pandora emulates netflix, burns cash, breaks even on eps basis and starts growing subscribers, the street will reward them. that won't start until 2017. >> it's interesting, the netflix analogy, they have a lot of original content you can't get anywhere else now. they're still ahead of the curve there. you read about spotify, i can't remember the big song "lean in" whatever it was, that spotify helped develop and then became this huge sensation. they support artists. they're trying to get new music out there. what is pandora offering th

we are seeing god who, ibm -- we are zynga who -- we're seeing and ibm going through difficult times.u think andy grove's advice would be to them? i will say that the thing that andy and steve jobs had in theon was that they had courage to take the company in a direction that may be nobody at the time thought was a good idea. i think what you see in leadership now is what i would , whater more followership do the shareholders want to do or the analysts think is a good idea? jobsou look at what steve did with apple or andy did with .ntel, no one reported on it no one was an armchair strategist. neither would have sent them in the directions they took. they knew what the right direction was and were ok with whatever happened then. they were ok with doing what they believed was right. i think that defined andy as a leader. the thing that people who follow him take away is that courage and determination to do what is right. so manyt seems like young people want to be entrepreneurs, come to silicon valley and live the silicon valley train. blech was his take on young entrepreneurs who migh

he joins the board of directors this past august and spent more two decades at electronic arts and zyngaays he's been involved as the company works to focus more on mobile gains. pincus took on the role last april and replacing the ceo to turn around the struggling company. pincus will focus on vision and working with product teams. >> julia, thank you. what do you make of it? >> this stock has really been left off to the side obviously. less than $2 stock right now. you were talking for a while about fact toring the value of the real estate to where it was worth, any fresh face there, somebody who actually -- knows his way around the gaming business is a positive thing. a type of gain -- >> those shares are under pressure a little bit on the news. >> stock rallying after the strong economic data this morning but the real test will be the february jobs report come friday. let's get to steve liesman. >> what happened? i wrote the whole script based on the idea that the market would sell off in last hour but now it's no good. it did appear while the nation is focusing on the presidential c

this is in contrast to hit driven zynga whose stock has fallen off the cliff over the past couple ofthere's a range of company from concole game makers and even the asian internet giants. kelly, back over to you. >> julia, thanks you. reminds me again of the discussion we were having about facebook and stream and where this is all going. want to remind everybody where we finish in the market today and the discussion in the oil market that we're having to and the move lower and what chevron ceo john watson just told us, you know, morals the bott tomorrow is in. >> the bottom can be in and there's still a lot of room between where were in the bottom and do we have to kind of knock around a little bit and digest this rally and maybe threaten $30 a barrel just to see if it holds. maybe so. i mean, that's the way asset markets tent to bottom. >> mohammed, what are you watching? >> thursday's ecb meeting, not because the question is whether they will do more. they will do more. the question is how close will they get to the point where the bank of japan is which is when a central bank beco

the move comes after report zynga plans to sell its san francisco headquarters building but lease backe of the space. >>> facebook says it now has three million advertisers and the world's largest social network says half are small businesses. a marketing analyst survey those more advertisers say facebook is a very important part of their advertising arsenal. facebook says mobile advertising is behind a lot of the growth. it also says 70% of its advertisers are from outside the united states. >>> well, in-and-out is about to announce big changes it the way it makes hamburgers. they announced plans to switch to beef what is not treated with antibiotics. consumer safety advocates and researchers have warned for years that the overuse of medicine gives rise to antibiotic-resistant super bugs that threaten human health. the company has not said when the changes will go into effect. >>> 8:27. proposed legislation in the state capitol could mean big changes for gun laws in california. what that could mean if you own a gun and what to now if you are thinking of buying one. >>> welcome back to

china has continued its rapid military modernization, steadily military zynga the south china sea andon and the threat of force. arth korea has launched brazen cyber attacks against the u.s., continue to test their nuclear weapons program and productive -- conduct provocative missile testing. rather than moderating its malign activities in the middle east as advocate of the nuclear agreement predicted, it ran -- i ran has increased terrorist proxies, conducted advanced , and fired rockets near u.s. aircraft carriers. detained 10y, iran u.s. sailors and cap again dies to the entire instance in total violation of international law and centuries of maritime tradition. these are the growing threats we face yet the department of defense remains guarded by a strategy that predates these developments. it is based on assumption about the world that no longer apply. the same is true about our nation's defense spending. all requirements for our military have grown, the budget control act cap to suspense -- defense spending in 2000 11. despite periodic relief, each of our military services remai

construction that was one area for jobs, for other movers, abercrombie & fitch, up 8% after earnings and zyngaral fit for the company. much more on "mornings with maria" coming up after the break. bees? eese. trees? eese. xerox helps hospitals use electronic health records so doctors provide more personalized care. cheese? cheese! patient care can work better. with xerox. that's it. how was your commute? good. yours? good. xerox real time analytics make transit systems run more smoothly... and morning chitchat... less interesting. transportation can work better. with xerox. >> welcome back. steve moore, dagen mcdowell, matt murray this morning. final thoughts, matt? >> maria, you've had a lot of talk about the next stage in the party, and republicans come out, and a whole separate coughingses with business leaders we never got into. donald trump for those business leaders who know him, doesn't get a lot of support from had i am. hillary clinton has some wall street ties, but part of her campaign she's moved to the left. a lot of business people feel out in the cold. we've seen peter sayerses h

zynga shares rising after they named a new ceo.mer executive of video game maker electronic arts and ross stores beating estimates and raising quarter dividend by 15%. that stock is up by 1.3%. >>> the department of justice charging former chesapeake energy ceo aubrey mcclendon with conspireing to rig bids to buy oil and gas leases in oklahoma. joining us to discuss the case, greg zuckerman. good morning to you. >> good morning, guys. >> let's walk through what you think the case is but also what it portends. >> this is a guy who is the pioneer, the architect you could argue, of the shelf revolution that has put pressure on iran, saudis and pressure on oil and gas prices around the world and the justice department is indicting him for allegedly rigging bids in a part of oklahoma. there are e-mails that seem to suggest that he conspired with others but he instructed employees at chesapeake energy, the company he co-founded, to keep prices down in leasing of these areas in oklahoma. >> indications there may be other charges. i don't

from the zynga see, the insignificant island is time and is good to let capitalism work.nother rights it is one of the best breakthroughs in american foreign-policy after nixon's trip to china. -- edwin writes i support the president's trip, it is about time someone made the first step. you can follow along on twitter. robert is in new york, on the line for those who support the trip. good morning. i agree with your previous caller, cornell, i think that president obama and his legacy will be historically relative, he is reaching out and sony directions around the globe, reaching out .or peace i understand the other callers who disagree with his stance and his gesture and his actions, because of past grievances and atrocities committed in cuba, except that understanding that piece has to climb over atrocities and grievances to get accomplished, wherever it is. we are currently at peace with germany, we are currently at peace with japan, anyone who knows the history of atrocities believevances might not that, but peace has a way of .isintegrating grievances president obama