bloomberg lp, the parent company of this network, is an investor in andreessen horowitz.emily chang will speaking with google executive chairman eric schmidt and google ideas director jared cohen in los angeles later today. live stream it on bloomberg.com at 7:00 eastern or catch the full conversation this thursday, "bloomberg west" 1:00 and 6:00 eastern time. coming up, google's investment arm makes a big investment in auction.com. ♪ >> welcome back. i'm jon erlichman. this is "bloomberg west." edition,atch our early 1:00 p.m. eastern time. the idea of online marketplaces is not new. there have been a lot more specific online markets that have developed. auction.com is a great example andhe business up property real estate. google capital just invested $50 million in the business. the president of auction.com joins us now. the stat that caught my eye is that iton.com sold upwards of $7 billion in real estate online. what kind of property is this? single familyfrom home to a 70 million-dollar commercial property and everything in between. internet is very good about bring

andreessen needs to be careful.don't like the ageist comment, either. >> we said the same thing back in the '90s, right? the younger guys said warren buffett didn't know what he was talking about. who was right? >> he would agree with that. he would say, he invests in what he knows. marc andreessen knows tech. >> he has so much to gain from this. he has a ton to gain. >> the distribution process of it, a distributor or something, you can't underestimate this point. an old white guy. >> you are not an old white guy. >> representing, herb, i love it. >> it gets at the point that this is going to be a hot debate. the believers and the haters and every, single day there's another high-profile example of this. final thought as we go into tomorrow's trade? >> all about the banks. everybody is talking about citi and how it failed the fed test. and this is why we saw vikram leave the bank. >> the ken lewis story is interesting. accountability's a key theme. >> and, herb, you're going to download your candy crush game. "fast

billionaire marc andreessen going after our own charlie gasparino on twitterverse. let's get right to it. you raised the point that andreessen didn't respond to the self-dealing charges. what is he saying? >> he -- i raised two-pronged issue, melissa. number one is the self-dealing issue coming out from carl icahn the activist investor are i think are important issues to be raised. they have not, meaning andreessen nor dan a hoe, ceo of ebay -- donahoe, ceo of ebay addressed this head on. he makes an. when he was on board of ebay he and another private equity firm silver lake, bought skype from them and resold it for a huge amount of money. that is serious stuff. melissa: bought it for 1.9 billion. turned it around 18 months later and sold it for 18.5. >> incredible amount of money. there has to be logical explanation of this. they should step up to the plate. i said that is one part of problem i see here. the other part of the problem is how the tech media, i really mean this to all of my friends in the tech media, they are in bed with their sources. i mean people

bloomberg lp is an investor in andreessen correlates. -- andreessen horowitz. bit for babies.ll talk to the designer. next. ♪ >> welcome back. i am emily chang. shares are rising as the billboard company goes public and getting more digital advertisements as a focus for cbs outdoor. the ceo said the company plans on adding 100 new digital billboards every year. >> the great thing about digital is you can be so much more creative. you can change across the u.s. based upon who has scored in a football game. this is a lot different from outdoor in the past where somebody was going out with a ladder and a bucket. >> cbs corporation owns about 83% of cbs outdoors. our special weeklong series on the role of design in we are talking about wearables. you love wearable technology. your job own -- jawbone. >> i have downsized to only one. >> you are wearing all of them. >> i have downsized to just one but i am a big fan of fitbit but it's an interesting experience to see the differences. >> we have the guy who designed , and you designed the whistle which is a fit bit for dogs. also the

andreessen said never naming it, these kinds of apps can ruin lives. there's a lot of negativity.things are wrong, some things are mean. >> is that if rent that a tech blog? there are certain families a very mean content and comments. >> yes. >> building a business like secret successfully is incredibly difficult and a very rare set of entrepreneurs can pull it off. what i said was misunderstood, i .hink people's reflexive people's reflective reaction was content thatod the can be empowered on whisper or secret. if it's just your friends or friends of friends, the content is a result of people you know. maybe you should have different friends. think about who you are spending your time with if you don't like the content. when you are adding content from strangers, you are playing with fire. secret does a little bit of both but they steered more toward friends and friends of friends, the content could be a little more elevated. >> it is certainly a hot discussion topic lately. stick around. we will talk about ebay and paypal what our special guest, keith rabois. ♪ >> welcome back.

marchas called out andreessen claiming he has a on click of interest in serving on the board as wellg a venture capitalist. here with us to discuss, keith rabois, also former executive at .aypal keith, do you think ebay and paypal are better together or apart? >> apart. part of the entire former executive team. agreek he would probably with the following point which is when you have one big customer which is what really ebay is is it tends to crowd out a lot of innovation. there's a lot of moderate demand and product services that you delegate to that very large enterprise customer. paypal over the last decade has missed all of the innovation in the square world and the striped world another that is good to continue as long as they are together. >> when you think? >> i think what needs to be done is a sensible analysis of the worst case, the best you can buy the most probable case of a split versus keeping them together. electronic payments is going to be a hot area. struggling with the security issue. they are searching for a way to get out of the credit card mess. as we have seen r

coming up, andreessen horowitz new fund.will be speaking with scott kupor coming up. ♪ >> we focus on technology and the future of business. i am emily chang. some people are crying bubble. one silicon valley top venture capital firm just closed its fund at $1.5 billion. it is an investor in the hottest companies, facebook, many more. joining us now to discuss it is managing partner scott kupor. scott. tell us about this fund raise. how was this environment different from previous funds? there seems to be ridiculous amounts of capital right now. >> what was different for us, we had more time with our partners. we could show them the investments are working and we have had some cash back to them. that was the biggest difference and that was helpful. we have in lucky to have a great set of limited partners. so it was really nice to help us build out the fund. >> it is all return investors. that is interesting stuff. from the last fund? >> we have had a number of guys with a sense five years ago when we started and then we had

interesting that marc andreessen of andreessen horowitz, as well as formation eight, have banded togetheroculus. they've done some deals together in the past. >> yeah. that's interesting. i think for the shareholder type issues, the management issues, it's a little different because mark zuckerberg controls how facebook -- he is the final word. to piggyback on what josh lipton was talking about. he was talking about sony's platform. and what it could be used for. i think it's important for us to remember that facebook is very much about advertising and marketing. it's about personal experiences. it's about targeting. you can imagine putting on a v.r. headset in the right environment, and feeling like you're actually inside that car that you might want to test drive. being able to potentially look at different interiors, the way they look. also, walk through a home that you might be interested in actually literally walking through. walk through it virtually, wearing one of the headsets. there's all sorts of applications like that, that you can imagine for the very types of verticals where

melissa: lee, is marc andreessen a pirate in your opinion? >> right. >> probably. i think, and i think there is some good point to both sides of what this argument is. >> thank you. >> but why we're really here is not about whether or not andreessen is doing something wrong or somebody is doing something right or fact certain market participants like to come out with information they think the public should know b the real issue how we should view carl icahn. >> wait a second. why is it heresy, view him on his words. >> heresy? >> take on appeal. >> not heresy. he is a pirate. why do we call him a shareholder activist. melissa: there is the bell. we could do this for the whole hour. alas that was the bell. charlie is sticking around. want to show you shares of staples are plummeting. the office supply retailer plans to close 225 of its stores. al hundred knuckman. show you what is going on with the stock. alan, what do you think? >> i have to look at this as maturing industry of the they had a huge growth phase. we need consolidation. from risk/reward stand.as offi

andreessen, of course, spoke to the "journal."arc andreessen. it comes back to the activist shareholders who want a splitup of the company so they can accurately price the individual components and it's the same thing with dan loeb at sony ceos want to keep everything together they can cross subsize and hold the floor. >> he said even washington does a better jonathan the management at these corporations. but the question is what does it mean for the stock? i've been going through the analyst reports this morning, they are agreeing with the company and the ceo that ebay should stay together. i thought it was interesting that bank of america and merrill lynch said the activist pressure but on my carl icahn should actually help this stock because it should lead to more shareholder friendly type of moves. >> that's why he buys in and says it presumably. >> including cash, for instance. ebay has a huge cash pile $8.3 billion internationally, $3.2 billion domestically, they could return it more to shareholders and try to offset some of

here at coin summit at bitcoin conference going on in san francisco, today marc andreessen of andreessenz took the stage. remember bitcoin does have its critics, including warren buffett. he called bitcoin recently a mirage. andreessen was asked specifically to respond to that criticism. here is what he had to tell the crowd. >> the historical track record of old white men who don't understand new technology crapping on old technology is i think at 100%. >> andreessen with some tough words for the oracle of omaha. he was asked how do you invest in the space? how do you commit capital? andreessen saying this is a growing ecosystem that's attracting top engineers. he compared it a lot during his speech to the early days of the internet. firms like andreessen are looking to make big bets on companies that are really trying to build out the core infrastructure around bitcoin. so the security outfitting websites with bitcoin wallets. as a firm they have committed $50 million to bitcoin related companies and marc andreessen talking about bitcoin said it's as bulletproof as anything he's seen.

mark an address sown is one of the -- marc andreessen is one of the main founders.is the goal of company? will you solicit advertisers from say like news companies? or are you trying to go to the twitter, you know, build it they'll come and what is the business plan here? >> i think we need to build it first. any investors, people like marc andreessen invested the reason they invested, the round came two weeks, the reason they invested, they were using app themselves. they came to conclusion how many apps i use every day that are not worth a billion dollars, whatever the new standard is. $19 billion i guess. cheryl: okay. >> we're focused on building this thing and sort of transforming how news is delivered across the web and across mobile devices an transforming how people consume the news. cheryl: right. >> we think that is profound thing, if we accomplish that, we'll look at market and see what add models most respectful of your users. we'll do that at this time. we're focused making a great product for people to love. cheryl: jonathan abrams. two of you made, cr

mark andreessen is an outstanding board member. rocks that help them get through the tough time going through meg whitman. i think these conflicts have been -- mark andreessen has recused himself. i don't understand what it's all about. >> he is talking about perception here. how much does perception play into all this? matt and i have talked about this. if you were on the board at ford , alan mulally probably really wouldn't like it, even if it was an incredibly minor investment .n gm or another car company why is it tolerated more in silicon valley? >> there are so many different businesses, people have investment in so many different companies. that, and ieasure don't see any direct conflict here for these board members. again, why go back five years? this is an old issue, and i think it has been carefully reviewed. i think from the standpoint of good governance, you don't want to have conflicts. every board i have been on has been carefully reviewed. i don't buy competitor stock. there is a materiality rule about doing that, bu

. ♪ >> the cofounder of andreessen [inaudible]ts to withjohnson sat down horowitz for more.thing is people feel like they know me before they meet me. that is a big advantage. i am sure you get that too. if they see you you express yourself and you put yourself out there. they go ok, i know this guy and they come to see us. i already know you. i have this experience myself when i meet people. the first time i met my friend i was like, hey. i always -- already know you. these kinds of things are helpful in building relationships. >> that is why it is going to be real. when you have that experience that is the real deal. that peoplehe thing appreciate about the blog in the book. it is the honest side of it. i am not trying to look good or cover-up all the things i did wrong. i'm trying to say this is what happened. what are the commonalities of the entrepreneurs of this technology area that is different from the last one, strengths or weaknesses question mark >> because getting started is easier, in a lot of ways they are younger. which is a strength and weakness. the strength

bloomberg lp, the parent company is an investor in andreessen horowitz.rogramming note, emily chang will speak with eric schmidt and google ideas lateror jared cohen today. live stream it at bloomberg.com 7:00 eastern or catch the full conversation this thursday at 1:00 and 6:00 eastern time. coming up, google investment arm aches a big investment. we will tell you why and you can watch a streaming on your tablet phone and at bloomberg.com/ . ♪ >> welcome back. i am jon erlichman. this is bloomberg "west." online marketplaces is not new. ebay got the ball rolling in that department a few years back, but there have been a lot more specific markets that have developed. intion.com is an example the area property and real estate. google just invested $50 million in the business. jake stayed joins us now. eye ist that caught my that it sold upwards of $7 billion in real estate last year. what kind of property are we talking about? >> we have sold everything from a single-family home to a $70 million commercial property and everything in between. what we see is

said -- >> cofounder of andreessen horowitz. you see him quote the lyrics. do not often hear him rap them. crews still searching for missing airlines 370. how does a boeing triple seven go missing just like that's? we will discuss next. ♪ after the hour, which means bloomberg to be is on the markets. getting you caught up on where the markets are trading as we head into the early afternoon. the s&p and nasdaq and a red. one thing i want to point out is a herbalife, shares are halted in the company even though they are on the rise. ackman presented research claiming the company was violating chinese laws. positionn shares, a that has lost money on, the biggest losing position so far. back on the martin -- market again and 30. ♪ >> you are watching bloomberg "wetst." i am emily chang. crews are still searching for missing malaysian flight 300 -- 370. malaysia is investigating an unexplained radar blip 45 minutes after contact with the plane was lost. we are joined by a commercial airline privates and the author of " caught it confidential -- cockpit confidenti

mark andreessen says were on the verge of a boom in journalism.y are going to cash in on content? our next guest made the move from journalism to venture capital. also still with us, chegg ceo dan rosensweig. you have a very well known blog. you were in tech journalism for 20 years? i will try not to date you. [laughter] how has the transition been from journalism? >> it has been 15 days. i don't think there is much of a difference except i don't have a publishing deadline, which is kind of cool. i get to not worry about writing a story in the middle of the night and worrying about what is going on in the planet. that is the big change. otherwise a lot of things are the same. i meet a lot of people, and talking to a lot of startups and small people. my day still starts at 5:00. >> you are not the first guy to do this. mark morris did this at sequoia. >> no pressure. >> how does your prior life as a journalist put you in a better position to spot potential winners out there? >> one of the key things as a journalist, which i at least think about mys

marc andreessen has caused you a human router or the godfather. can connect anyone from mark zuckerberg to ashton kutcher. how'd did you do it? how do you keep doing it? >> you build relationships with people by getting involved in business, investing in a company together, and helping the entrepreneurs solve problems. when you do that, you form lasting, lifelong partnerships and relationships. i started my career in the semiconductor business. many of the people went to work at apple. then they went to work at software startups. a lot of this old guard is still around. they are helping launch the new economy. >> founder and general partner ron conway. we will be right back with more "bloomberg west." ♪ >> you are watching "bloomberg west." i am emily chang. marc andreessen is defending his role on the ebay board after carl icahn accused him of putting his self interests ahead of the ebay's. because of false and misleading. -- he called this false and misleading. he said he refused himself on all liberations. he was part of the group of investors

are, andreessen horowitz is already an investor.s stakes in facebook, twitter, pinterest and dozens of other startups. large cory johnson bendown and talked with horowitz and asked what makes them such a competitor. >> people know us because we write about what we think about. news also a relatively thing. this is what we think about a sector or investing. it is more like this is how we think you should lay somebody off. we let them get to know us. that combined with the philosophy of how we can help founders makes us very competitive. i wonder, we stumbled around and decided that social media, and -- would be something we would focus on. i wonder if you see new things emerging. printing, these are areas that are starting to emerge. the have -- these have potential to have influence. patents just expired on 3-d printing. i want to say two years ago. people are going after it. >> is the industry big enough? is are going to be demand for that kind of stuff? >> i think so. 3-d faxing. to pute ability manufacturing in anybody's hands is

if it is successful in silicon valley, chances are, andreessen horowitz is already an investor.stakes in facebook, twitter, pinterest and dozens of other startups. and now co-author, ben horowitz, has a new book. our editor at large cory johnson sat down and talked with ben horowitz and asked what makes them such a competitor. >> people know us because we write about what we think about building a company. we are not the only ones doing it, for sure. but it is also a relatively new thing. this is what we think about a sector or investing. it is more like this is how we think you should lay somebody off. it's a different kind of the thing. we let them get to know us. that combined with the philosophy of how we can help founders run their company makes us very competitive. >> i wonder, we stumbled around and decided that social media, the cloud would be something we would focus on. who knew that it would be that? i wonder if you see new things emerging. >> drones, 3-d printing, these are areas that are starting to emerge. these have potential to have influence. and he transformati

i've never seen somebody like andreessen.ndreessen for making that happen. the company sold skype a year and a half later, they bought it for $2.7 billion and sold it for $8.5 billion. you don't have to be a genius to understand that there's something wrong. >> i remember covering that transaction well. it's andrew now speaking. and there were no bitters. and just to put it in context, that $4.5 billion that you were suggesting marc was part of, he was part of it. i think he had 3% of that. when you go back and look through the history, you know, some people have suggested this is a bit of a rewrite of history, this idea that there were these other bidders there that did not exist. you don't buy that? >> hey, ross, you know, i've watched a long time. i can't believe that you're naive enough to believe there were no bidders. you know, this is like a myth. when you go to these companies, i can't tell you how many i've been involved with. but they say nobody's going to buy it. nobody wants to buy it. if a company doesn't want to

andreessen now finally firing back on his own sake.e's on the board of facebook, hp, and ebay. this larger question of whether there are conflicts inherent to a venture capitalist being on public boards, many would say our expertise is unique in a lot of ways and our technology understanding and put up with the conflicts because we're worth it. as for skype the only thing i'll say is people that are really interested, go back and look at the debate around the first deal. the intellectual property of skype was not owned by ebay and that injected an element of complexity into the negotiations they were having with skype's founders at the time. >> i didn't know that. >> when you look at -- i have to say when you look at how andreessen acted it's very unclear to me whether the charges that icahn is bringing have a great deal of merit. >> when it went to 8 billion it had the ip. >> yes, they brought the ip back in. and you had the founders back in and, of course, ebay owned 30%. >> and it changed a lot of the willingness of a microsoft to b

billionaire marc andreessen going after our own charlie gasparino on twitterverse. to it. you raised the point that andreessen didn't respond to the self-dealing charges. what is he saying? >>

just another day in a carl icahn-mark andreessen fight. womackhnson and ryan join us. has this thing gotten so ugly and so personal? about a slate of directors and the way the board of directors is constructed. it's going to be about people and it's going to be personal and carl icahn is willing to go there. what he has pointed to are what he thinks are some lapses in integrity and dealmaking that, by mark andreessen in particular , one of the ebay board members, who has made investments in companies ebay wants to own. and recent encounters he has recused himself of any discussions from the ebay board about skype. this suggestion by carl icahn is even so, the board would have benefited from his input. it's clear he's going to use every tool in the book to try to get the changes on the board that would facilitate a sale or separation between skype and ebay because he believes it's the best for the future. the next stepke is highlighting this research that came out that says 55% of shareholder surveyed think the board should change. what is the probability that will actu

andreessen in response to mr. icahn perhaps it was yesterday.aying carl icahn's 2014 would look askance at carl icahn's 1985 choice of a business partner. this is getting ugly. when ivan bosky is the first name it's gotten down in the dirt. suggested bosky look into the share of gulf and western, i won't go into the details of this point of the letter, you can find it on andreessen's blog, his weblog at pmarket.com. but suffice to say this continues to get even nastier. we got ebay's response to icahn's nominees summarily dismissing the two of them as not overqualified and overboarded meaning they are on too many boards to begin. and andreessen is on facebook and hp and ebay's board, his argument would be, you want me on those boards in terms of my technical expertise, look who else is on many of the boards. there's not the conversation going on in the room about what's happening in technology if i'm not actually there. >> and it's quite common for them to kind of degenerate in this type of -- >> no, no. this is uncommon. no, no, no. >> remember

i can promise you one thing, if i had been on the board, andreessen would not have thought that.ve bought ♪ >> movie producers in private equity are teaming up for new studio ventures. the goal to distribute 8-10 films per year. joining us with more is cristina alesci and jon erlichman. let me start with you, kristina. tell us about the specific venture you have honed in on. financiers not just from new york. but anyway, we have tpg the growth capital arm of the larger private equity firm along with the private equity firm outside of china going out and raising $1 billion, mainly preferably -- probably in debt to finance movies, not the major hollywood not the ones and hollywood is interested in producing these days because studios are into producing big test: films that are released around christmas or the summertime. there is not a lot being produced between the $40 million range. that is what these guys think they will fill the gap. there is a reason hollywood studios are not producing this to bash movies because it is tough to generate a concern. with areys you hobnob not unh

[laughter] was there something about the browser specifically, mark andreessen's browser there reallyed this? >> it was the graphics capability. tim focused a lot on tech and documents. allowing photographs, images, pictures and video to be easily accessible was extremely attractive to the consumer, especially to the businessman. one of the main applications the business world was interest in was e-mail. they saw e-mail being used by the research scientists. they wanted access. it was not easy to do. add to that, the graphics, images, video. an easy interface. the human computer interaction was the key missing element that we saw emerge in the early 90's. >> we know where the web is today 25 years later. 25 years from now, are we still going to be using the web? >> it is actually not very well-known, but the web started off as a graphical user interface browser similar to later ones. it did support multimedia at the beginning. there was a catch. it was done on a sophisticated machine from steve jobs after apple. tim berners-lee and his partner on the project, the team, asked for suppo

carl icahn says that andreessen biddeford and the deal at the expense of ebay, and his shareholders. kroger approached safeway about buying part of its operations. kroger and safeway are the largest u.s. supermarket chains. "12 years a slave" took home best picture. >> thank you. the confrontation in ukraine shows sign of worsening today. peter cook joins us now with the latest from washington. peter? >> there is a lot of back-and-forth today, but the worst standoff since the cold war so was no signs of easing. settling in for an extended stay. there were reports that were mobilizing more of their forces on the russian side of the ukrainian border. again, every indication that the the russians are trying to increase their grip and crimea. this is all in response to the ouster of the russian backed president in ukraine. they say they are simply protecting russian citizens in the ukraine, but again, the european union and the united states responding, condemning the action so far. the president is urging vladimir putin to back down and not face prospect of isolation. >> if they continu

coin base in addition has wallet services and i also like marc andreessen is the fellow who basically invented the web browser and he's the money behind. base so for those reasons we want with them but it was really a toss up court important but they are both quite good but we actually part of the decision was based said they would flies developers out to help on our end to help our developers so we could do the integration faster and that was really the deciding factor that sounds like a pretty solid deciding factor now mt gox was the biggest exchange at the time when you guys decided to actually use client base but why didn't you go with them were you suspicious little. well it really it's not suspicious so much as i wanted someone on shore and i wanted to really the fact that marc andreessen was behind it all so all of these ones that i just mentioned are silicon valley firms and being a silicon valley guy by background and such and being in it i just felt more comfortable going with a firm that was in silicon valley that rather than one that was in japan seems like trust in your g

we will also be speaking with the cofounder of andreessen horowitz about the three big trends he is watchinge world of startups. we want to talou

let you share subjects anonymously but not everyone is a fan including venture capitalist mark andreessened -- last week, the whisper ceo told me the company has a strict policy and what can be posted and he feels he is giving users of voice who may be felt they did not have one. apple tv is getting into the march madness mix. the atlantic conference is host to the blue devils. they are going to apple tv streaming. jon erlichman is in l.a. with more details. as i understand it, they are not offering full games but game highlights? exactly, the broadcasting rights are locked up for a long time. want tore apple and you grow something like apple tv, what are your options? one option is to cut deal specifically with conferences that have big fan bases like the duke fan base that want constant analysis and highlights. one mainstream is the company that built this app. the ceo joins us now. let's talk more about this tricky world of rights. why is it that these apps can be created when you have these monster deals that the broadcasters have signed for the live streaming rights? you pointed out,

marc andreessen has caused you a human router or the godfather. can connect anyone from mark zuckerberg to ashton kutcher. how'd did you do it? how do you keep doing it? >> you build relationships with involved intting business, investing in a company together, and helping the entrepreneurs solve problems. when you do that, you form lasting, lifelong partnerships and relationships. i started my career in the semiconductor business. many of the people went to work at apple. then they went to work at software startups. a lot of this old guard is still around. they are helping launch the new economy. general partner ron conway. we will be right back with more "bloomberg west." ♪ minutes after the hour. we are on the markets. we are looking at fox continued to deteriorate. the s&p is off the lows of the session and down by less than 1%. we are watching kroger and safeway. kroger is said to have approached safely about buying part of its operation. we will be keeping our eyes on the headlines for you. we are back "on the market" in 30 minutes. ♪ >> you

it is the latest round of icahn taking on ebay ceo john donahoe and marc andreessen among others butt on top. here is the rumble, charlie gasparino's to lee munson. thanks for joining us. lee, i will let you go first. who do you like in this matchup? >> i don't like carl icahn in general. this guy is a pie rate and mercenary by any other name means the same. i

i didn't have as much time as i wanted, henry, to talk about icahn and andreessen, but in a word howi think he's been unfair to marc andreessen, making justification to paypal, i think that's good. >> inconsistency and the latest one today. scott wapner will have more on that on the halftime coming up right about now, right, scott? >> we are indeed, carl. thanks so much. noticing mashlgts are at the lows of the day. real flight to safety today, carl. you see wlast going on in gold and yields are dropping as we speak now under 2-6 on the ten-year. >> yeah. and hearing from rick harrison from "pawn stars" made it seem like it's going to go higher. >> yeah. have a great rest of the day. welcome to "halftime show." here's what we're following, putin and your portfolio. what the aggression in ukraine really means in the markets. we're covering it this hour. and ariel investments return. and the oscar goes to h

it was less than a year ago i had the opportunity to interview marc andreessen in "all things d" andou go to a store with 3 d printer and whatever you want and it would be boom, made on site s that happening far faster than he anticipated it? >> anybody who has been around three d printing and discussing had that vision. it comes down to pace of innovation. when two d printing came along it took a long time to mainstream out in part because so few companies are involved. today with crowd funding and all things going on with multiple companies participating the needle is moving a lot faster in terms of getting products to retail. for retailers the challenge is equally big because you know, e-commerce has certainly played a role how they changed their business model. for brick-and-mortar to remain relevant, tools like 3d printing are very valuable. adam: john howard, from 3 dlt prints ice cream. you will be a gazillion nair. >> thank you. cheryl: i should hope for hundred dollar bills. adam: someone will figure that out. cheryl: someone will get there. it's a wall street mystery. we yo

mark andreessen had a motion that mt. gox had to die for bitcoin to thrive and survive.with that? >> i do. and i think one of the interesting things that happened was the new york department of financial services has called for applications on new york-based bitcoin exchanges. that would have been really difficult if gox continued to exist because with an exchange, the buyers want to be where the sellers are. and the sellers want to be where the buyers are. that liquidity was getting caught up in mt. gox. now with gox out of the picture, we have an opportunity for a start-up exchange to be based here in the u.s., which i think is going to give a lot of people a lot of confident. they're going to know there's going to be regulatory oversight from u.s. authorities that we can feel comfortable with. >> a start up exchange in the u.s. would it be like a second market that has designs to be in that space? >> i think what second market is doing is great. there's a number of companies that are looking at building exchanges here in the u.s. we have investment in a company that's