nobody thinks t-mobile -- is t-mobile a monopolist? would you say t-mobile's a monopolist?guest: no, i wouldn't -- >> guest: you wouldn't say that. and, in fact, if you look around the world at zero rating programs, zero rating programs almost always involve the competitive firms as opposed to the incumbent firms. so what zero rating is, is giving away a promotional benefit in order to get people to subscribe to your service. it's a tool that companies, as chairman pai said when he ended that investigation of the fcc on february 3rd, it's a tool for competition, not against competition. and that's where it's useful to have some economic analysis to come into play here, because economists do you have a way of -- do have a way of looking at competitive effects. i've never said that you could never have a situation where anybody with market power, cub google, could be netflix, could be spotify, could be amazon, could be verizon or comcast. all of those firms have market power. any of them could seek to use it to disadvantage their rivals. we have a mechanism for policing that

shares of sprint and t-mobile rising.nks to the ceo plans to look for talks to merge t-mobile with sprint. he says the trump administration would be more amenable to a combination. wendy's dishing out strong earnings and revenue that beat estimates. experts say it is wondering the broader slump through specialty deals. just this tuesday, wendy's gave free nuggets to want twitter -- tweeter. company owned by jared kushner's family was a leading bidder. they plant to build more than 8000 units. his senior role has raised concerns about conflict of interest. a company spokesperson offered no explanation. that is your latest bloomberg business flash. coming up -- apple is the first u.s. company to cross the $800 billion valuation mark and we will dig into it, next. you are looking and live pictures, this is where the white house news briefing will air in about an hour and we will bring it as soon as it begins. a lot for sean spicer to talk about. this is bloomberg. ♪ >> the stock, they want to buy the iphone eight and that is

with me is hamish macleod, director of mobile uk — the trade association for mobile phone operators inevening to you. good evening. i think everybody‘s aware of this, why are we in this situation? i read somewhere we have less reliable phone connection than people in peru? well, that report, to be fair, also put the uk ahead of france, it put it ahead of italy and germany. but the situation is not static, the mobile operators are investing about £2 billion a year, in improving mobile 4g coverage, in adding to the capacity of the network and improving the footprint in the uk. so that by the end of 2017, a 4g signal will be available in 98% of premises. from at least one operators and the availability of the signal is one thing but the quality is what is important. there are many factors that determine these things, there is the availability of the sites, the ability to get sight sites through planning permission and the geography of the place you are trying to cover. it is important for us trying to cover. it is important for us to be able to work with government, particularly local gov

perhaps even the other two mobile wireless companies like sprint and t-mobile.lso, the cable companies might be interested in this. comcast,about charter, and the cable companies want to get into wireless. they are looking ahead to a 5g world. is some say, there doubt about how valuable this spectrum is. there's a camp of people that think this could be bedrock technology for 5g. another camp of people think, this is not really the same of what we saw a straight path. it may not be quite as valuable or valuable at all. there's a bets going on here, and that may or may not lead to a sale. vonnie: it is a question of strategy to a large extent as well. sprint is an informal deal talks with t-mobile. alex: that is right. it reported that earlier this morning, that informal deal talks have begun. we don't know what those companies have talked about, just at this point, but there are two outstanding questions at this point. -- first is the rally regulatory question, will the trump administration allow a deal between the two companies. back in 2014, sprint tried to tr

because mobile services are data capped because of the structure of the mobile market because they have more limited bandw bandwidth. there are different choices for mobile broadband but there is a reason why most people who can afford it prefer to have a land line and this is why the fcc is defined broadband not only under chairman wheeler but as a basic service and they defined it in a way that meets the needs of people. in order to meet the great innovations coming online, mobile broadband while falling under net neutrality rules is still working to get up to be competitive with land line broadband and stow is reflected in the way i play spotify and according to the wheeler 2015 rules it is supposed to be reflected in the way they respect reasonable network management. >> jeffery eisenach, do you have a problem with the concept of net neutrality? >> well, it is a slippery concept. if it concept is all of us would like to be able to reach information and use applications and virtually unlimited plethora or variety of things available on the internet and don't want to interfear with it

, mobile is hastening the digitization.ion is almost ubiquitous, and what you can start to do if you reimagine the management and movement of money in a digital world, with software and mobile, you can think about doing the basic transactions that you and i take for granted, that are like cashing a check, or paying a bill, or sending money to somebody you love or evening getting credit. for so many people in the world, 2 billion people in the world, and about 70 million people here in the u.s., that's incredibly time consuming, they stand in line to do that and then it's very expensive. they spend almost 10% of their disposable income on unnecessary fees and interest rates. and when we talk about democratizing financial services, we can do it in a way that saves time and is much less expensive. >> i want to talk about you for a second. a lot of people felt, and you're a humble guy, visa would have destroyed you, mastercard, wells fargo, google. that's what i have heard. how have you been able to forge partnerships, those co

the survey shows that 70% of firms experience mobile ‘non—spots', areas of no mobile coverage by anynot from all networks, in their local area. germany's economy grew strongly in the first three months of this year, driven by investment and consumption. first—quarter gdp growth came in at an expected 0.6% — up from 0.4% in the last three months of 2016 more than half a million low earners have had to resort to borrowing money via credit cards, overdrafts and other sources to pay their rent during the past year, according to research. according to the housing charity shelter, many private renters were having to take on "desperate or dangerous debts" to keep a roof over their head. were having to take on "desperate or dangerous debts" to keep a roof over their head. joining me now is kate webb, shelter‘s head what do you mean by these desperate dangerous debt levels? it is quite a scary situation people are around, we find that one in three renters and work on lower earnings and actually had to borrow money over the past yearjust actually had to borrow money over the past year just to

market with it mobile, which is being massively disrupted. and you're even seeing t mobile impact the incumbents. >> they're gaining market share in the u.s. do you think the m&a talk will come back to the forefront now that sprint could come back and make an offer? we know that it mobile u.s. has been talking to the likes of dish. do you see more consolidation going forward? do you think deutsche telekom will want to keep t mobile as a stand-alone unit? >> going back ten years, we had the combination of t mobile combining with att, and they have taken over sprint, becoming clear number three. they have taken over incumbents at verizon. so they have gone from a problem child to a prize asset within the portfolio. we heard from softbank yesterday they would like to combine effectively sprint with t mobile. but now it's a combination that t mobile is in the driving seat of any kind of marketplace. they have great spectrum position, great customer demand. it's a different business. if we look at a big picture basis in the u.s. space, market cons

also available on mobile.omize settings get news on assets and industries you care about. this is bloomberg. ♪ yvonne: this is daybreak asia, i am yvonne man in hong kong. betty:yvonne: i am betty liu inw york. tech leaders seizing the tops ought among u.s.'s highest-paid executives. we looked at the top 200 paid in u.s. companies. $237 millionlmart, in 2016. secondk of apple wasn't with a hundred $50 million. $124 million.erg, we are joined now to break down these numbers. no surprise tech ceos made it to the list. weinberg, itree, is unusual to see anybody other than tech in the top compensated executives. big paydays for banks back in the day. it is not gone. is a big name come third-generation goldman sachs executives. deal when hea big is up there with these tech guys. surprises, ither is the first time we have a woman in the top 100. and it is the first time we have a person topping the list who is not a ceo. yvonne: we have to compare it to the rest of the world now that we are here in asia. how did the

sprint needs t-mobile. no question about it. t-mobile does not need sprint necessarily. of them up on speculation. if it doesn't happen -- >> that's scary music. shifting gears. mike joins us from austin to break this down. mike, that hasn't happened a lot historically below ten. >> no. actually, with eonly have vix data going back to 1990. it's only happened four other times. now, basically when the market goes up, everybody knows the vix tends to fall. the opposite is also true. what happens when we get down to levels as low as this, below ten? in the little data that we have, we took a look and in the one-month return, typically in a situation like this, is about .39%. the six-month return is 6.4%. down 1.24%. i think what happens we know that volatility means averting. if you're at the lowest level it can be, the only way for it to revert is volatility to go up. that's usually not that great for the market. >> yeah. >> i actually think this is one of the better trades out there right now. just a buy volatility. you might want to do it through an options structure lik

mobile our 11th citi challenge. i cannot even believe it. we began to latin america. been to the u.s. and we were in bangalore a couple of days ago in singapore and we will be going to sydney and now hong kong. ♪ we look at the sintech ecosystem and invite people to make banking better. as a 200-year-old institution, we do a lot of things really well, but the industry is changing quickly. we look at these innovators to platforms, our products, and really improve how we deliver solutions to our customers. ♪ >> i think it is a very good experience. it is more like people sharing, people sharing their ideas, how and use leverage syntax technology to connect people. i think that is a very good experience. >>: good morning ladies and gentle man, thank you for having us today. mobile challenge can help app developers get their product in the market and scale up. >>: i think it looks perfect. i think we are ready to go. >> when i sit in the audience and watch them pitch, i feel honored to be there and really optimistic. there are a couple gems that you are rooting for. i lov

plus, t-mobile out with another subscriber win.ohn legere joins us to break down the company's numbers first quarter numbers and a roadmap for the year later this hour. this is bloomberg. ♪ ♪ caroline: now amazon may be diving into the driverless cars race. the tech giant has reportedly formed a team that is dedicated to developing self-driving technologies, well beyond the realm of cars. this according to "the wall street journal." now at least 12 employees were assigned to the group more than a year ago to examine how driverless vehicles could help amazon deliver packages more quickly. now this is not the first time we have heard amazon could make a play in the autonomous driving sector. earlier this year, amazon was approved for a patent for a roadway management system to help self-driving vehicles on to find the best lanes for their driving needs. speaking of amazon, the e-commerce giant came out with earnings this week. james mcquivey of forrester and jitendra waralof bloomberg intelligence joined us to break down the numbers.

day, itnd of the adds to the mobility of people, mobility of resources, mobility of jobs and industryential. the road is only good is what it connects, not just the initial jobs to create the roads, but what is it transport? rishaad: this is it. there are some many different aspects of this. good to have be this infrastructure place in the longer term. in the buildup to it, well, chinese companies using chinese labor, so they are not benefiting the local economy at that point. >> finance. ishaad: finance, and this not free money. you have to pay it back at some stage. most of it is alone. -- a loan. >> those economies and the overall drive to be successful would be that the silk road connects people to the chinese middle income consumer. if you think about what is going on in china, you are seeing challenges in the manufacturing space because it is cheaper to get your diapers from vietnam extent the so to the silk road enterprise actually preserves and create a benefit that allows people access to that chinese consumer and continues it down the road of becoming a more consumer driven

the idea that you may be able to use your mobile phone oi’ may be able to use your mobile phone or theexit thing and the impact of the city of london, the impact of the city of london, the disaster of stafford rail. it does not strike me that this should be high on the list of priorities. people on their mobile phones while on the underground, it has been a safe haven from that kind of thing. i remember reading these stories ten oi’ i remember reading these stories ten or 15 years ago about how we will soon, in only be able to talk on the underground on our mobile phones. -- imminently. have you seen it in action? in hong kong, they have the ability to do it and it is not very pleasa nt to ability to do it and it is not very pleasant to be a passenger. people shouting to their mobile phones in protesta nt — — shouting to their mobile phones in protestant —— proximity to you. i would not recommend it. even though it is coming! perhaps with all of the chatter we are hearing, they should have a new line called chatter chatter tube tube? you are good, you should work in newspapers! and mob

now, t-mobile will be the buyer. t-mobile is much bigger than sprint.nt sprint, which -- if georgia telecom gained control-- if deutsche telekom gain control, would they even want sprint? if bigger question is comcast and charter, the cable companies, want to get into betters, would they be a buyer? days, in the last few charter and comcast came to an agreement that neither one individually would go after a wireless carrier without talking to the other first. does that make this deal more likely or less likely? alex: it probably makes sprint-t-mobile more likely. but only slightly. it makes sense for cable companies, if they were to buy a wireless company, to work together. because cable companies only operate in footprints. in york city, you do not get comcast. but in philadelphia, you do. this has been going on for decades. it is because cable companies sign contracts where they sort of have non-competes with each other for the state of the business, similar to how utilities operate with each other. ableu are comcast and were to buy t-mobile but could

we have to mobilize. the mobilization outside from the groups has been spectacular. any of you that have participated in that, thank you. our inside maneuvering can only go so far. the outside mobilization makes all the difference in the world. lincoln said, public sentiment is everything. with it, you can accomplish almost anything. without it, practically nothing. so that is where we see our strength as we go forward with this. may i just say? many honors are afforded a member of congress but being introduced by donald sussman as high among them, thank you, donald, for your kind words. where did he go? did he leave? >> he is there. >> i would just like to note. we have a number of leaders of a lot of the online groups that have formed since the election in the audience. we want to also pay tribute to the fan it is tick work they have been doing to defend the aca and also they have been doing a lot of work on my next topic, which is to ask you a question about the recent events related to russia. i know you did a cnn town hall. as the way we live in washington these

it's on all my mobile devices, so it suits my mobile lifestyle. it keeps my investments fully mobile... even when i'm on the move. sign up at etrade.com and get up to six hundred dollars. when i feel controlled by frequent, unpredictable abdominal pain or discomfort and diarrhea. i tried lifestyle changes and over-the-counter treatments, but my symptoms keep coming back. it turns out i have irritable bowel syndrome with diarrhea, or ibs-d. a condition that's really frustrating. that's why i talked to my doctor about viberzi... ...a different way to treat ibs-d. viberzi is a prescription medication you take every day that helps proactively manage both abdominal pain and diarrhea at the same time. so i can stay ahead of my symptoms. viberzi can cause new or worsening abdominal pain. do not take viberzi if you have no gallbladder, have pancreas or severe liver problems, problems with alcohol abuse, long-lasting or severe constipation, or a bowel or gallbladder blockage. pancreatitis may occur and can lead to hospitalization and death. if you are taki

it's at the ground mobility vehicle and the firepower vehicles? last year new start were supposed to i guess priorities for infantry brigades, are those gone? has a? >> they are not conduct they are just not a new store in in goal for this year. >> sounds like you're focusing a bit on a lease of the things you mentioned -- >> one of several 2010 budget hearings with covered briefings as well but you can find them at c-span.org for this one search army budget. we will take you live tedious senator capito in to su

they didn't include mobile. those rules i think are good at the time. verizon could test it in corporate verizon was successful in court for those rules were struck down not because the fcc, the court didn't say you can't do that. they gave a roadmap on how to go for it which led to the 2015th rolls under title ii and include mobile because a lot of change internet from 2010 when you would not think to include mobile as part of the rules 2015. they did want to include mobile in the rules. that's where we are today. the title ii piece really is just a jurisdiction that you based on the courts but again the kinds of rules under that is really what we're fighting for and we need to make sure we maintain. >> host: does is put the onus on congress to come up with a clear set of rules, new role? >> guest: congress wrote the loss in first place. when you talk about title i, title ii or sometime in the future, that's a jurisdiction that congress take to the fcc. ultimately congress can write the laws and a number of things that would be sustainable. our thought

a mobile home park got it bad. it knocked down trees, power lines and caused all kinds of damage. marina maracco beginses our team coverage now it's going to be a long night for folks here at the blue ridge mobile home park. as residents start to make their way back up and cleanup screws show up here after severe storms tour of tore through this neighborhood. tree services were called in to help to clear the way back to this park where some of the homes were damagedded most and thankfully no serious injuries reported but there are some neighbors here who tell us they may need to find a place to stay tonight after the roofs caved in from tree limbs that fell over their roofs. they have not allow us any further into the neighborhood mainly because of downed power lines. it could be well into tomorrow before the streets in the park are cleared for traffic. i was watching tv and then all of a s was no power. then i seen the rain coming hitting up against the window, rocks, everything, it was terrible. first it was light hail and all of a sudden it started going really like a

and getting on the tube with your mobile phone. thank you ben and david for being with us.apers are sour and we will be back just for the papers are sour and we will be backjust after 1130 with another look at the papers. hello good evening the really humid air has been pushed away now for many parts of uk and it should be a more comfortable night for sleeping, fresh air is coming down from the north—west, clear followed fresh air is coming down from the north—west, clearfollowed behind the band are thicker cloud which is bringing some rain, it is on that weather front there but that is weakening further as it comes southwards so the rain will squeeze. more a band of club continues to push down to southern parts of england and wales, clear skies to the north midlands and those temperatures will be quite a bit lower than we have seen for a while, especially in the countryside, 13—14 in the south with cloud. still on the one side and quite cloudy as well as we head into wednesday morning and sitting in the english channel we could see areas of fog which could get wafted on to

we realized mobile was coming. we worked to bring the formats, to add formats over to mobile. but mobile is, like, has a lot of -- first of all, it's an amazing device for watching videos, for doing really anything that you're doing like shopping, directions, and, so, it's -- from a mobile perspective, you can say ads are relevant and useful for users. so both on google's core properties like search and youtube, we have been able to make that transition to mobile. >> rose: how long is the normal visiting time for someone who's coming to youtube? is it two minutes or -- >> no, they're longer sessions. and, so, you know, it might depend on the device that they're in and the country that they're in, but we could easily see someone coming to youtube for an hour. >> rose: really? yeah. >> rose: can you pick out what's going to go viral? if you do, i assume you have magical powers, but, you know, can you instantly see something and say that's going to go viral? >> we cacan't, but our machines might be able to see it and can recommend it to more people. we'll see based on the user pa

simply put, the port serves as an economic driver for much more than just mobile. the new administration has made economic growth a top priority to ensure that our stris and businesses, big and small, can continue to compete in the increasingly complicated global marketplace. to facilitate this growth it's important that congress make infrastructure legislation a priority. the corps plays as we all know an important part and role in modernizing our nation's waterways. core projects provide more than $100 billion annually in net economic benefits. i believe this demonstrates the job tree carmelo anthony yags and economic growth associated with such investments. i'm thankful for the committee today and of your leadership, working to understand the challenges that we're facing. i'll look forward to hearing the testimony of all the witnesses. >> thank you. i won't say we've saved the best for last, that would sound self-serving, but we have mr. grant humphries, the founder of carlton landing in oklahoma. happy to have grant here. i've known his daddy, curt, for longer

there's a lot of reduction in mobility. able to move up the ladder the way they could some decades ago. inequality is increasing. i think there's a lot of things we could do about that, ranging from pre-k interventions to apprenticeship programs to programs to help disadvantaged youth, to infrastructure, the whole variety of things we could do. but they're complicated. they require a lot of bipartisan work, and unfortunately our system doesn't seem to be able at this point to put together a comprehensive program to address these problems. >> but you're not hopeful that politics is going to get fixed any time soon? >> maybe over time. maybe over time the political winds would shift. but the last few years and i experienced this myself when i was -- when i was chairman and i had to testify before congress, so on, that partisanship is extraordinarily strong. and a lot of it isn't really based on differences in economic interests. you know, for example, there's not that strong correlation between people's income and who they vo

mobile users and mobile revenue is a big driver of this company.rm, investors want to hear about the ability to monetize nor businesses like instagram and whatsapp. scarlet: david, the reason i ask about these -- what could derail them? david: it is interesting to look at the controversy surrounding facebook lately, the behavior of people on facebook live video. no, that is not derail the juggernaut at all. commentaryd social but not actually affected the business by any noticeable degree. we can see potentially if that happens, but i highly doubt there will be evidence. what could derail them is public sentiment shifting against them. scarlet: we have tesla results coming out. julia: yes we do, and adjusted loss of$1.33. the estimated loss we were expecting was $.82. that is wider than we were expecting. they are heading into the second quarter. i just picked up their statement, the model 3 is on track for initial production in july. the growth margin on automotive's in the fifth quarter improves to 27.4%. what are we thinking here? thanficantly w

really, the future of mobility.roblem for ford has been and the problem that jim hackett will face now that he takes over is how did ford convey what it's doing when it comes to smart mobility and the future of automobiles so that investors say, i get it. i think that ford is the way to go in the future. because it's not just about profits, guys. as i mentioned, ford had its second most profitable year ever last year. by all accounts market field has this company delivering on profits, but what he could not get ford to do is to clearly articulate to investors and wall street where the future is in terms of the bottom line. not just in terms of developing new products, autonomous drive vehicles, but in terms of saying here's how it will help the bottom line. as ford announces this transition officially later on today. again, we have confirmed that jim hackett is the new ceo of ford, as mark fields has been removed from that job after 28 years with the company. guys, back to you. >> and fields of course, could get the

forge, simply put, the port serves, and mobile. and to ensure the industry and businesses big and small, and the global marketplace. it is important congress make infrastructure legislative a priority. the core place as we all know, and modernizing the nation's waterways, core projects provide $100 billion annually in net economic benefits, this illustrates job creation and economic growth associated with such investments. i'm thankful for the committee today under your leadership, to understand the challenges we are facing and look forward to your testimony. >> we have mister grant freeze -- grant homefreeze. i have known his dad since longer than he was alive. it is a pleasure having you here in the capacity of what you are doing in oklahoma. he is a real estate developer and investor and homebuilder. 10 years ago grant began the process of founding and developing in oklahoma and some of you are not aware of the fact, more miles of freshwater shoreline than any of the 50 states, did you know that? in carlton landing, he embarked

the survey shows that 70% of firms experience mobile non—spots, areas of no mobile coverage by any operator—spots, where there is some coverage but not from all networks, in their local area. theo leggett can tell us more. this is a survey put out by the british chambers of commerce who have interviewed 11100 companies around the country, many of them small businesses. mobile phone and internet access is but a clean important for small businesses because often able running them are on the move that they have to keep in touch with clients. 70% of these businesses report that they are experiencing either not spots where they cannot get any 4g coverage or partial not sports were one mobile provider might have coverage but others do not, and it is particularly acute in rural areas. it isa particularly acute in rural areas. it is a fairly small survey that echoes the national report last year on preparation forfive echoes the national report last year on preparation for five g echoes the national report last year on preparation forfive g coverage where it said that ag, britain was 56th in the wo

only at t-mobile. mobility is very important to me. that's why i use e*trade mobile.t's on all my mobile devices, so it suits my mobile lifestyle. and it keeps my investments fully mobile... even when i'm on the move. sign up at etrade.com and get up to six hundred dollars. ♪ ♪ welcome to holiday inn! ♪ ♪ thank you! ♪ ♪ wait, i have something for you! ♪ ♪ making every stay a special stay. holiday inn, smiles ahead. whether for big meetings or little getaways, member always save more at holidayinn.com . >>> let's get to boeing taking a hit after the aerospace giant grounded flights on a popular aircraft. >> hi, melissa, we are talking the 756 max. >> that is the future of the most popular line at boeing. we were out there when we saw the first flight in january of last year. they're suspended test flights because of the engines, that i are made by ge and its french partner satisfy upon the. it has a turbine issue. this is not something that we discovered during a flight. during a statement or in a statement boeing says we are working with cfm, the joint effort to inspe

organization is the nonfederal sponsor of the port of mobile, which is the 10th largest u.s. seaport by total trade. the committee understands that 80% of global consumption occurs outside our borders. promote wide bodied are already servicing our terminals albeit inefficiently. we've attracted manufacturing and retail distribution investment, including walmart's newly announced 2.6 million square foot international distribution center, which is under construction now. growth is unsustainable and our current channel depth and width. my organization has invested 150 million -- two of our investments in the private terminals were reporting double-digit cargo growth. the generate $23.5 billion in economic value and employ over 154,000 people. $4.6seaports generate trillion in economic value. u.s. seaports will invest $154.8 1.6ion and create $1.6 million jobs. ports are doing their part to grow the economy and we provide significant return on federal investment. now come of the time has come for the demonstration and congress to give equal weight to seaports when grappling with

i'm almost surprised we're even talking about mobile because effectively mobile is -- but think about it, that was a big question for the company at one point. >> that was the big thing, could they convert to mobile and obviously it was not executed perfectly on that. >> the issue they start to run into, and it's something if i wonder if we thought about this in the past much. at some point are they too saturated with ad is that going to be an issue for them and what kind of growth does that limit them? but you still have to figure out how they're going to revenues out of messenger. she talked about that and the instagram numbers are absolutely impressive and i still think there are levels they can pull and it does make you pause a little bit for facebook and say at what point are there too many ads and are people going to say enough is enough? >> in the past quarter they've proven that each with a competitor like a snap that had been a threat before the ipo and they could put out features that just compete directly been on one with one of the fastest growing sub-18-year-old demograph

facebook's profits surge, fueled by growth in mobile ads. but investors don't appear to like the result. >>> and all real estate is local. while some housing markets are red-hot, others are nowhere close. those stories and more tonight on "nightly business report" for wednesday, may 3rd. >>> good evening, everybody, and welcome. it's the newest automaker on the car scene. and at times, it's the most valuable. tonight, tesla said its quarterly revenue more than doubled. and it shipped a record number of cars in the first three months of the year. but it's not your typical car company. founder and billionaire elon musk described his vehicles as a sophisticated computer on wheels. the electric car maker also burned through a lot of cash in the quarter. and it's not profitable. tesla's loss of $1.33 a share was wider than expected. revenue for the quarter, though, topped $2.7 billion. the stock, as you might expect, was volatile in after-hours trading. phil lebeau has more on tesla's quarter. >> reporter: in reporting its first quarter results,

we realize mobile was coming.e worked to bring the ad formats over t-mobile, but mobile is -- first of all, it is an amazing device for watching videos, for doing anything you are doing, like shopping, directions. perspective,ile you can serve ads that are really relevant and useful for those users, so both on our core anderties like search youtube, we have been able to make the transition to mobile. charlie: how long is the normal visiting time for someone who is coming to youtube? is it two minutes? susan: no, they are longer sessions, and so, it might depend on the device they are in and the country they are in, but we could easily someone coming to youtube for one hour. charlie: really? susan: yeah. charlie: can you pick up what is going to go viral? if you do, i assume you would have magical powers. can you see something and say that is going to go viral? susan: we cannot, but our machines might be able to see it and recommend it to more people. we will see based on the user patterns, look, here is something

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>> in asia, it is much more mobile phone centric.oes that change the way you program when you expect people to be watching on their phone and television. >> when you get used to watching on a mobile phone, you watch all kinds of content and sports on a phone. you adopt to that. we are just doing great content and it is available on any screen. >> what's the effect of 4 k on the volume of consumption? if somebody has that big, rich screen, are they going to watch more netflix because you have more 4 k content? >> you paid $1,000 for a new television, you are going to use it. you look for the shows and the images. with that and with hdr, which has a color intensity. the makes the tv just pop. >> should we look at 4k tv sales as an indicator as far as engagement in netflix? >> absolutely. 4k transforms the in-home experience. that's one of the big drivers and with mobile on the low end. >> we talk a lot about machine learning. how much better is the algorithm in having a suggestion for you than it was five years ago? >> it is hard to be

both his description and the car he is driving are on kron 4 dot com and our mobile app.ve a live report with the latest on the search ... tonight at six. vicki back to you. (vicki) time now for some warriors talk-- by this time tomorrow night, the dubs... will be on the floor for game 3 against the san antonio spurs. (grant) golden state...seeking to continue its undefeated playoff run and get back to a 3rd-straight finals. but the spurs, could have one of their key weapons return to the lineup. mark carpenter joins us with the details mark? san antonio's mvp candidate kawhi leonard... listed as questionable with that ankle injury, but he is expected to play. and the warriors are preparing for him to be on the court. let's take a look at the warriors practicing this morning in san antonio. steve kerr made the trip, but he probably won't be returning to the bench for this stretch. the warriors are red hot coming into game 3...as they demolished the spurs by 36- points, but it's probably not gonna be that easy tomorrow. in each of their last two game 3's in the playoffs, g

it's on all my mobile devices, so it suits my mobile lifestyle and it keeps my investments fully mobile. even when i'm on the move. sign up at etrade.com and get up to six hundred dollars. >>> welcome back to "fast money." we're live at the nasdaq market site. starting off in the green, rallying 90 points. the nasdaq was up nearly 1% while the s&p was up half a percent. here's what's coming up in the second half of the show. bitcoin up 120% this year alone. could it signal a top for stocks? plus, 15 years, 15,000%. netflix celebrating its ipo anniversary this week. how the company changed the media landscape and what is next for the streaming giant. first, we turn to a developing story as president trump today became the first sitting president to visit the western wall of jerusalem. for more on that historic visit, ayman is here, for a respite from here at home. >> a chance to turn the page from the russia headlines, the visit to the western wall highly symbolic today in jerusalem. the moment the white house staff had been looking forward to because of pictures like these of the presid

it says 1.94 mobile advertising business..91; billion people are now using facebook and that's up 17% from one year ago. facebook has given us a taste of what it might do with some of its earnings. the company promised to hire 3000 new people to monitor and remove violent content. earlier i spoke to our north america technology correspondent and asked what facebook hopes to gain from this move. one of the big clouds hanging over facebook at the moment is that despite these fantastic profits and the growing revenues, it's eighth consecutive quarter where it revenues have grown, but despite that the thing that hangs over them are things like violence on the platform, on things like facebook live, or general other content. so the announcement they made earlier today, that they would hire 3000 extra staff,, bringing the total number of staff is moderating facebook to just over 7000 people around the world. it signals the intent that facebook is taking the situation seriously and perhaps can respond quicker to questionable content

from reception, to landline, to mobile. i need one number... not two. i'm always moving forward...ecause i can't afford to get stuck in the past. comcast business. built for business. >> welcome back. every day about 100 people are killed in auto accidents. >> new report finds the size of your car can play a major role. cbs news correspondent danielle nottingham explains itch this crash test shows what happened when a large and small car collide head on. the mercedes continues to move forward while the smart car is thrown backwards. similar results can be seen on the road. last year in south carolina an suv hit a compact car head on. the suv driver survived. the driver of the smaller car was killed. >> it's expected that you will have more deaths in the smaller cars. >> reporter: chuck farmer is vice president of research at the insurance institute of highway safety. the group's new report finds overall there are 30 drivers killed each year for every million vehicles on the road. but the numbers vary depending on the size of the vehicle. cars see a higher rate than trucks, suv's an

they did not include mobile. those roles were good at the time. verizon contested it in court, was successful in court. those roles were struck down, not because the fcc shouldn't be able to do that. they just said you did it in the wrong way and gave a roadmap on how the fcc could go forward, which chairman reverted, which led to the 2015 roles under title ii and included mobile. a lot changed in the internet from 2010 to 2015, when they did want to include mobile. that is where we are today. the title ii piece really is just the jurisdiction based on the courts, but the kinds of rules under that are what we are fighting for and we need to make sure are maintained. peter: does this put the onus on congress to come up with a clear set of rules? mr. beckerman: congress wrote the laws in the first place. title i, title ii, or some we might have in the future, that is the jurisdiction congress gave to the fcc. ultimately, congress can write the laws and do things that would be sustainable. our thought is the fcc got it right. nothing is guaranteed in

they can charge more for mobile ads. 84% of their total ad revenue comes from the mobile apps. they spent a lot developing from these stealing from snapchat, integrating it into instagram and whatsapp. you see it working. their instagram story, 200 million daily users. that is more than the original snapchat. seems like this take over may be working for them. melissa: jonathan, why do you think they missed on earnings? we have to drill down into that. earnings per share, pretty big, eight cent? >> i think they're willing happily for investors to spend a lot of money. growing stocks there is less of an investment on real time earnings as there would be for a utility company or some other company relying on a dividend. investors are willing to look further out. again where else do you have access to billion plus people from a advertisers perspective. melissa, quickly why all of these they call them fang stocks, amazon, google, facebook, they're competition benefits other. small business owner is advertising on facebook, sell on amazon, search on google. why all the new it being c

it's on all my mobile devices, so it suits my mobile lifestyle and it keeps my investments fully mobile... even when i'm on the move. sign up at etrade.com and get up to six hundred dollars. >>> look at that stock drop down 16 p 16% after triple miss and same store sales all falling short. that's part of the retail track getting hit. well, it is holding stayedy the steady there. tracking towards the worst week of the year. here to bring us foot locker'sing a knee locker's agony of defeat -- >> we don't write this stuff, guys. >> i have no claims to it. quoting reagan. >> foot locker isn't ending on a high note. foot locker is not alone in the retail stinking up the joint today. it still missed. foot locker shares down more than 20% for the week. on pace for the worst week since november 2008. jeff any jeffrey, randal, shares are overselling on this news. foot locker says that tax rebate delays hurt sales. but it did also say that style shifts did too and that there is lingering impact in the current quarter. adidas is still hot but foot locker says the superstar styles are off their pea

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xfinity mobile. >> what were you doing at midnight last night?resident was tweeting this, despite the constant negative press covfefe. and that's it. >> you own the pronunciation right there. >> i can't do it anywhere nearly as well as you do it, so i just try. anyways, it seems like he was about to complain about the press, but he never finished. so that tweet was deleted about 5:50 a.m. this morning. >> about 20 minutes after the deletion this, who can figure out the true meaning of covfefe? enjoy. it is hard. all right. an innocent typo probably. but remember this, sean spicer has said many, many times the president is his own best messenger. >> it seems that the president was implying that sally yates may have had something to do with the leaked information to newspapers. is that he was implying? >> i think the tweet speaks for itself. >> he implied in the tweet he would be in favor of primarying some individuals in the freedom caucus who oppose his agenda. is that correct? did i read that correctly? >> i'm going to say i will let the tweet s

if you want breaking news alerts sent to your phone all you have to do is download the free kron 4 mobile app. ( marty ) good morning, welcome to kron four news weekend. here is a live look at the embarcadero. ( marty ) thanks for joining us. i'mmarty gonzalez. here is dave spahr with the weather. (dave)unseasonably cool temperatures and breezy conditions can be expected into early next week. while mostly dry weather will prevail through the weekend, isolated showers are possible in the hills on sunday. isolated to scattered rain showers are expected region-wide from late monday into tuesday as another system approaches from the north. a warming and drying trend is then expected late in the forecast period as high pressure builds over the west coast. coast. ( marty @ landing) bay area communities on edge several cars are torched by an arsonist. a total of seven cars have been set on fire in just the past week as kron 4's hermela aregawi reports authorities are stepping up patrols hoping to catch the arsonist before they strike again. (hermela aregawi)i just spoke with the fire marshall.he

paul deanno is live in walnut creek with the mobile weather lab.ul. >> reporter: another day in the 90s, guys. i'll tell you what, it's not just the temperatures that are high. if you did not sneeze and you live in the bay area today, i question whether you're human or not because the allergies are off the charts! and we happened to find ourselves under a numb of beautiful trees but they are doing their thing, the grass pollen, everything is giving us the sneezes and the sniffles and the watery eyes so make sure you take your allergy medication, although we do have some showers in the forecast which may help out with the aler is but the timing not that allergies, but timing not great. temperature records were broken set on this date four years ago. san francisco 82. san jose 91. concord a high today of 94. that's actually your current temperature in concord as of 5:00. still in the 90s. as are you in livermore. san jose is now down to 89 off of that high of 91. santa rosa 86. oakland 79. san francisco high 82 but already down 14 degrees from that c