physicalform, but how many people listen to it through streaming services, such as spotify and apple music, which also goes towards his chart position, by using this formula: 150 streams of a track equals one sale. so this week, ed sheeran had 110 million streams of tracks from his new album, which, divided by 150, represents 733,000 sales, plus 164,000 downloads, and that was enough to give him 16 songs in the official top 20. i don't know if there's some weird things that spotify and apple music are going to have to change now with streaming, but i never expected to have nine songs in the top ten ever in my life, so i don't know. something's gone wrong. but i am very, very happy about it. so he think something has gone wrong with the singles chart system. i wonder, does the man responsible for compiling it agree? the charts have changed dramatically in the last five or ten years, as we have incorporated downloads, and we have also incorporated streaming now, and we are constantly reviewing the way that we count those different ways of consuming, and we will continue to do so. the questio

i don't know if there's some weird things that spotify and apple music are going to have to change nowten ever in my life, so i don't know. something's gone wrong. but i am very, very happy about it. so he think something has gone wrong with the singles chart system. i wonder, does the man responsible for compiling it agree? the charts have changed dramatically in the last five or ten years, as we have incorporated downloads, and we have also incorporated streaming now, and we are constantly reviewing the way that we count those different ways of consuming, and we will continue to do so. the question and concern for the music industry is whether this is a one—off week or the shape of things to come, because the singles chart, historically, has been a platform to promote a variety of new music, notjust one album. if that does become the case, the chart risks becoming irrelevant, and, quite possibly, redundant. will gompertz, bbc news. you would normally expect glitz and glamour at a movie premiere, but star—spotters at the premiere of the new king kong film had more excitement than they

i don't know if there's some weird things that spotify and apple music are going to have to change nowe, so i don't know. something's gone wrong. but i am very, very happy about it.

that's a new single day record of streams from an album on apple music. says "more life" generated the best first day of streams for an album on its surface. i heard it. >> is it worth it? >> yes. >> there we go. you'll be listening to that on the flight to london tonight. >> yeah. >>> youtube's restrictive mode setting may be a thing of the past. this after days of backlash over the setting which many lgbtq creators realized hid some of that's videos. the bottom line is the feature is not working the way it should, we're sorry and we're going to fix it they said. i don't know much about that feature. >>> when we come back, the must read stories. first as we head to break, a programming note. don't miss an interview with ibm's ceo giceoginni rometty to 2:00. i moved upstate because i was interested in building a career. i came to ibm to manage global clients and big data. but i found so much more. ( ♪ ) it's really a melting pot of activities and people. (applause, cheering) new york state is filled with bright minds like victoria's. to find the companies

it extends a lead over its closest rival apple music. they have yet to profit but they are considering an ipo. last year americans streamed more than 430 billion songs. sam and chris, back of to you. >>> thank you very much, landon. a major traffic situation. we'll start with with weather. it is not going to affect you this morning. >> no, not this morning. maybe this weekend. maybe making alternative plans for some of the outdoor activities. in san francisco, a nice, quiet start. but as you step out the door, pretty much like every morning this week, you'll want to make sure you're wearing a heavier coat or jacket. 45 degrees with chilly temperatures out there now. 38 in napa. 37 in santa rosa. san jose starts out at 45 degrees. as we head into the south bay first, a 67 in morgan hill. 62 in livermore. concord, 65 degrees. and 59 in oakland. 59 also at half moon bay. and san francisco reaching 61 degrees. and novato today up to 62 degrees. seven-day forecast now coming up at the bottom of the screen. you'll see we will have rain in the

. >> now that we've got this new serieses that will start on apple music, that opened a whole world forwere very strict on our show saying we'll only do it with big recording artists who has got a lot of hits. there is shaquille o'neal and john cena doing one together. >> we need a bigger car. >> no, i think we can make it work. >> handler and blake shelton. it's still carpool karaoke. carpool karaoke. >> has there anybody you had to say no to? >> there's not really people we said no to. just more people that we said not yet, not right now. >> you're not going to tell me who you said not yet to, right? >> no. that would be rude. >> james is just like us. he did tell me that he does carpool karaoke in real life every single morning. if you are driving by side him you will hear him belting out the hamilton sound track, ed sheeran or bobbing his head to the roots. >> so this is just about the cutest video you're going to see all day long. that is carrie underwood doing yoga with her 2-year-old son, isaiah. he has a better idea, make mom do all the work. smart kid. they could have an entire

it's grown by 25% in less than six months and has now widened its lead over its nearest rival apple musicdering a us stock market flotation. it's already one of europe's most highly valued startups, although it is still making a loss. a south korean court has said the first hearing in the trial of samsung's de facto boss jay y lee will be held on 9th march. earlier this week, the man who runs one of the world's biggest companies was indicted on charges including bribery and embezzlements. he's admitted making donations linked to the president, but denied the accusations that he sought political favours in return. a quick look on the tablet because there is an interesting story about there is an interesting story about the london stock exchange who have resulted out, revenue up 1a%, operating profit up 1% but in those results, the lse said it continued to work hard on the proposed merger with butcher bourse, which many thought was dead in the water —— with the german market. europe income position regulators objected to the deal but they are waiting for the outcome of the decision which is

now that we have t that's going to start on apple music, that's the whole world for us.only do it with big recording artists who've got a lot of hits. shaquille o'neil and john xecen. >> he told us all about his new show, carpool karaoke, at a festival where he was being honored. >> chelsea handler and blake shelton. it's terrific. >> carpool karaoke. >> ca, ca, ca, car. >> has there been anybody you've had to say no to? >> not anybody we've said no to, just not yet. >> you're not going to tell me who you've had to say not yet to? >> no. >> one singer with an open invitation? beyonce. >> i have not seen you send the grammy. >> yeah. >> did you meet bee, >> she was amazing. it was one night after i was leaving after rehearsals, and there's an empty corridor, and a big security guard, and a girl, she was like, oh, my god, and i was like, ah! >> so, will we see beyonce in carpool karaoke? >> she's got other things to do before she wants to get in a ca first. >> do you sing when you're in the carpool? >> the hamilton sound track i do quite a lot in my car. people look at me

like i do know if there are some with things that spotify and apple music are going to have to changeis morning, south korean expert professor robert kelly certainly added weight to at least half that argument. during a live interview on bbc world news, he soldiered on, despite a couple of unexpected and energetic intruders. the question is how to view democracy in light of those scandals. what will it mean for the wider region, adding one of your children hasjust wider region, adding one of your children has just walked wider region, adding one of your children hasjust walked in? do you think relations with the north may change? i would be surprised if they do. the... pardon me. that's quite all right. my apologies! what is this going to mean for the region? my this going to mean for the region? my apologies. sorry. south korea's policy choices on north korea have been severely limited in the last six month to a year... professor robert kelly, time for a look at the weather forecast. after a mild and cloudy day, the weather is not changing in a hurry through this evening and overnigh

apple music which is spotify's competition reached a high mark in september, it is available in 60 marketsheadlines in today's edition of the wall street journal. was aubrey mcclendon a billionaire? a year after the oil magnet died in a car crash lawyers in oklahoma city are sifting through the tangle of debts and assets he left behind trying to determine if he died a wealthy man or swapped by debt? a race to take on huber as the robot trucking division, several startups are showing off their own efforts toward a self driving delivery vehicle that would reinvent the business. do you need a cow for milk? a debate turns over the definition of dairy. dairy farmers are lobbying congress to stop the use of milk for products not made from cow's milk, makers of the increasingly popular milk substitute are asking the fda to back a broader use of the term. >> coming up what a wild week for the stock market. the biggest gain of the year the day before, what is the future of the market in the future of the biggest tech ipo in years? >> this is a company a lot of interest in, a lot of people had high

rival spotify and apple music already have the services to pick specific songs. pandora's monthly service rolls out tomorrow. spotify just announcing a new partnership with ways, the navigation app. basically users of the navigation app with listen to music on spotify and listen to music while looking at navigation system. so everybody is wanting that music. that big chunk of your music business. >> wow. >> meanwhile, no one has bought a cd in ten years. >> isn't it surprising that netflix came back. everybody thought the dvr would be the end of netflix. >> my dad gets the netflix dvd sent to him in the mail. >> i remember you said that. he is not alone. >> thanks, pam. >> the time is 7:17. sal is right over there. are you watching our friends on highway 24 and every place else. >> that's right. we have east bay traffic to worry about, dave. good morning to you. dave and gasia. we're going to start off with highway 24 this time and look at slow traffic in lafayette. you will see the traffic is going to be busy here. it's going to be a little slow also in orinda. s

and as they're launching their apple music platform, and looking for ways to reach their audience andonsumer, and more screens available to communicate through than any other company in the world, i think they are leaning in as well. >> ben, when some people particularly in the tech community developers saw the trail tore planet of the apps, they kind of held their nose. what was your take to the online reaction of this. was this a case of the wrong community perhaps looking at the show and judging it based on the wrong things or what? >> i think it was just the setting in which it went out. once they see the show, i think they will really connect. we are celebrating the developer community, and celebrating the diversity within the developer community and how hard it is to come up with build and launch these apps. i think they're going to find a lot of happiness in how they're feeling and the process. but the show is for people who love popp culture, not just developers. it is those who will develop on the american dream. >> and everyone is wondering about what apple's ambitions are.

. ♪ selina: soundcloud is undercutting rivals spotted by and apple music with a cheaper monthly musicscription service. the $4.99 subscription is half the cost of soundcloud's premium service and includes access to an hundred million songs. the move is aimed at boosting revenue after the company warned in january that it may run out of money without more paying customers. music industry executive seiji their service will draw in price-sensitive subscribers and help them compete with youtube and free services. snap is poised to price shares with its ipo after shares on wednesday. it will be the biggest social media listing since twitter went public more than three years ago. snap has a unique shareholder structure that may raise questions for investors in the long run. alex barinka has more. reporter: snap has most of the ingredients for a successful ipo. a junior social media app, failed growth, and investors who have not had opportunities to buy into new tech stock. but a blockbuster ipo has not guaranteed a great public stock. there's a growing risk between short-term excitement and

between spotify and apple music there are about 70 million paid subscribers. there's also local music company pandora. it's not all rosy for the music business. >>> we are getting a look this morning at what could be the future of the jeep brand. the company unveiled several concepts at chrysler's auburn hills location. in moab, utah at the annual easter jeep safari event. it's a great way to come up with designs for jeeps. >> we do a lot of just sketching and talking and when we're out at easter jeep safari we're looking around at other vehicles and we just sketch ideas and bring that up. >> what kind of beverage? most of these concepts usually do not make it to production. easter jeep safari runs from april 8th through the 16th in moab, utah. this will be the 50th year for the event. sounds fun. >>> well alex, do you need an extra pick-me-up this morning? how about trying this advertised as the world's strongest coffee. it is called black insomnia coffee. it comes from south africa. it has 702 milligrams of caffeine in a single cup. that's about five times as

eastern on apple music. here is what i can tell you. it is not aalbum. it is a play list.to hit 10 billion streams on spotify. any new music put out by him is a big deal for fans and music industry. if you are wondering about the title, more life is a jamacian phrase saying you will continue enjoying life. the executive producer will enjoy that. we have to move on. we have all been through it. the awkward phase that plagues us during the early years. mandy moore is here to tell you you are not alone. she is posting this amazing throwback picture to instagram. '90s perm and braces. she captions it red carpet ready. i hahave more picks to share. this is from gwen stefani. this is not of her. but of blake shelton. the singer updated her profile picture on twitter with this gem. that is blake rocking business in the front and rock in the back. known as a mullet. since we are in the middle of awkward phases. let's throw this up. >> unnecessary. that is completely unnecessary. >> adorabldorable. >> you did that story to put that picture up. >> i did. >> nothing adorable about my

it rivals spotify and apple music. pandora premium becomes available this week. the dow troped a bit closing at 20,881. the nasdaq up by 14. almost 200 radioshack stores are closing. the company filed for chapter 11 bankruptcy protection last week for the second time in two years. impacted stores are offering deep discounts now on remaining merchandise. up to 90% off. so they are giving some good deals. we posted the list of stores online at abc7news.com. >>> a pittsburgh woman's home got a major facelift after her community stepped up to help. the pittsburgh police department's code enforcement division said this 74-year-old's life-long home had become unlivable and she had no working appliances. so one officer went to the local home depot to buy her a small refrigerator and a microwave. two of the store's managers decided to donate those items along with new carpet for the woman and immediately deliver the items to her home. pittsburgh police then posted these pictures to their facebook page. >> what a nice gesture. >>> a company canceled a bay area woman's vac

eastern on apple music. here is what i can tell you. it is not aalbum. it is a play list.r's first act to hit 10 billion streams on spotify. any new music put out by him is a big deal for fans and music industry. if you are wondering about the title, more life is a jamacian phrase saying you will continue enjoying life. the executive producer will enjoy that. we have to move on. we have all been through it. the awkward phase that plagues us during the early years. mandy moore is here to tell you you are not alone. she is posting this amazing throwback picture to instagram. '90s perm and braces. she captions it red carpet ready. i hahave more picks to share. this is from gwen stefani. this is not of her. but of blake shelton. the singer updated her profile picture on twitter with this gem. that is blake rocking business in the front and rock in the back. known as a mullet. since we are in the middle of awkward phases. let's throw this up. >> unnecessary. that is completely unnecessary. >> adorabldorable. >> you did that story to put that picture up. >> i did. >> nothing ado

it rivals spotify and apple music. pandora premium becomes available this week.he dow troped a bit closing at 20,881. the nasdaq up by 14. almost 200 radioshack stores are closing. the company filed for chapter 11 bankruptcy protection last week for the second time in two years. impacted stores are offering deep discounts now on remaining merchandise. up to 90% off. so they are giving some good deals. we posted the list of stores online at abc7news.com. >>> a pittsburgh woman's home got a major facelift after her community stepped up to help. the pittsburgh police department's code enforcement division said this 74-year-old's life-long home had become unlivable and she had no working appliances. so one officer went to the local home depot to buy her a small refrigerator and a microwave. two of the store's managers decided to donate those items along with new carpet for the woman and immediately deliver the items to her home. pittsburgh police then posted these pictures to their facebook page. >> what a nice gesture. >>> a company canceled a bay area woman's vacat

so 150 streams on things like spotify and apple music become one download.use he had the announcement saying i will disappear for a bit before this album, capitalised on dick simon with two singles and speaking to scott mills injanuary, singles and speaking to scott mills in january, he moved singles and speaking to scott mills injanuary, he moved this album back a few months to avoid any other releases that might have been competition. he said he thinks the way the charter works probably needs to change. is that because you are pulling together the way people are buying music across so many different formats? in the clip you heard, he was speaking to greg james how excited he is about the success. he said it is we had someone can dominate in this way and talked about how streaming need to change. the company said it is something they look at. but they always continually look at their methods and how they work but they cannot have a knee jerk reaction to one extreme sales like this. how different are these songs? a lot of them are ballots, others are like sh

subscriber,s that's up 25% in less than six months, and extends the music streaming service's lead over apple musicich has about 20 million users. spotify has yet to turn a profit but is expanding into more countries. last month it was reported that spotify is considering an ipo. >>> shares of nintendo rallied today as it launched the new switch games console. success of the device is key following the disappointing reaction to the last console, the wii-u. the switch is considered a hybrid device, it can be used as tablet or played by multiple people in tablettop mode. the company will ship more than 2 million units this month. >>> time for our top trending stories of the day. tom hanks gifting the white house press corps a new espresso machine. the machine, delivered by mail, with you was accompanied by a note saying keep up the good fight for truth, justice and the american way, especially the truth part. back in 2004, he realized they didn't have a coffee pot, he gave them an espresso maker and replacing that in 2010 after he jokingly said it was not being cleaned properly. i didn't know about t

that's more than twice as many as the number two player apple music they are still losing money.ng the filed for an ipo. that is your business flash. tom: just to make you aware of the dance card, we will do one on snap chance. brian will join us on radio later this morning. he put out a scathing note yesterday. adam will also join us as well with some reality on snapchat. in our next hour, marvin good friend will join us from carnegie mellon university. we're looking forward to that. he is a good friend. right now, mike is on the global challenges. you know this. this is the balance sheet compared to gdp. this is the least. these are all elevated. let me go to the blue line here. u.s.,lt like the you -- are we going to taper? will we taper? mike: we think the ecb has gone up for the first round of tapering already in december. they are going to reduce the amount to 60 million euros. we would argue they have. the question is when the fed changes its balance sheet. we think it's a little bit out. they want to get rates up a bit higher than they are now. we think tapering is happen

pandora officially launching pandora premium today its ondemand answer to alexa, spotify and apple musictim westergren is here as well as david faber joining us on set. tim, good morning. >> good morning. >> i've been using premium. you gave me a beta build for the past couple days. i've got to say, i'm enjoying it, easy to use. how long does this product have to prove out the value of pandora in this subscription, $10-a-month age, proof out that you can remain independent? >> i love, by the way, easy to use. i love those words. that's really a cornerstone of the product. tipping back for a second, we look at the subscription space and think we're kind of in the first generation of products right now. it's essentially 30 million songs in a search box. and i think that while that's appealing for a small segment of the population, i think for most people, it's overwhelming. and no one's really solved the ease-of-use problem and i think that's where pandora sits. we've created differentiated products and we'll bring it to you. we have 130 million quarterly listeners on pandora that we speak

among spotify and pandora and apple music, there are so many ways to listen to whatever you want without paying very much for it, which means artists make a lot less money selling music than they used to. these days, they make money by touring. >> house of pleasure. >> by performing at concerts and selling merchandise. that means live nation has a hammer lock on the one part of the music industry that's still really profitable. that's why the company has such great relationships with pretty much any band you care to name. look, like i said, people still go to live entertainment. it's the one thing that's immune to this stay at home economy, in part because, well, yes, it's a fabulous place to snap or instagram. i mean this drives everything, doesn't it when you think about it? how did apple get up to where it is? this drives everything. last year live nation hosted less than 3% more concerts, but the number of fans who came to those concerts increased by 12%. not only is the experiential economy unharmed, it actually seems to be doing better than it used to, which is how live nation mana

apple music came out and there were concerned about -- they were concerned about spotify, but 20 million subscribers validates spotify, saying we are doing something right. swedish-based company decides to do this, it will be fighting up we get another big-name company this year. scoop after scoop after scoop, thank you very much. oliver, back to you. much.: thank you so i am sure you will be at the bar later. i will join their -- join you there. later on bloomberg technology, carolyn will be speaking to lightspeed venture partners, the first company to invest in snapchat and having an incredible year. that up next, president trump expressed how he will pay for the border war, the companies are already lining up to build a massive project. this is bloomberg. oliver: this is bloomberg markets, i'm oliver renick. scarlet: and i am scarlet fu. president trump campaign promise to build a border wall between the u.s. and mexico is been forward. the request for several prototypes of design structures are expected next week. companies are also lining up to participate as well. kerry, where are

. >> and a song as american as apple pie. ♪[ music ] >> joins the library of congress. of that coming up in a few seconds on the "cbs evening news." >> thank you for watching tonight at 5:00. >> ahead at 6:00 story of four bay area women who launched their own ad campaign against islamophobia. allen and veronica will be back in 30 minutes. captioning sponsored by cbs >> pelley: unified on the senate side. >> i have confidence in richard burr that we together, with the members of our committee, are going to get to the bottom of this. >> pelley: the bottom of russian meddling in the u.s. election. also tonight, your internet t,ovider will soon be free to sell your browsing history. >> i.s.p.s are going to turn the creepiness up to 11. >> whenever women are diminished, the entire world is diminished with them. pu pelley: a rare public appearance by the first lady. ♪ long, long time ago i can ♪till remember how that music used to make me smile ♪ >> pelley: and slicing into american pie. >> reporter: but what was the song about?

it's an answer to spot if i and apple music.1 years ago we launched internet radio. all the folks said the same thing. aol, apple had plaerjized radio products. we were the newcomer to the space. we built a much better product. here we are years later king of that category. we think we've seen this before. again we look at the subscription space and think no one has done it right. >> it's amazing to take a look at pandora's shares price. up 23%. there's a high shortage. this is one people were saying there's so much competition out there how can they survive. probably a take over target. >> i liked his point about you go into a space where you think oh, all these big guys exist and you know they are going to dominate because of their size. because they can be on every single desk top in the country. they don't focus on it and becomes a great product. >> 30 years ago today microsoft made its debut. it soared 89% since then. what lies hide. josh lipton is in san francisco with that story. >> reporter: if you invested $1,000 in mic

apple music. as spotify is still using money.swedish company to file for an ipo soon. that is your business flash. this is bloomberg. hasloomberg technology carolyn in town. >> good morning. i've got a fantastic interview lined up. commissioneron margaret best year. thank you for joining us on bloomberg television. i want to really get to the point of the day after snapchat. we have seen a company just five years old valued at $30 billion. the pace of disruption is quite breathtaking. is it something that anti-competition and antitrust regulators welcome or are concerned by? well, i don't think so. i am very happy to be with you this morning. i think it is important we see businesses grow, create value, create jobs. we have success on the contrary but obviously, we need to make sure that we have the right tools in the toolbox in order to ensure competition. >> you wielded those tools with efficiency, it would seem. i am in silicon valley at the moment. as a european, i hear these u.s. companies and at times feel like they are und

is interesting, we just had sarah frier on saying it is a bit like when apple went into music streamingof spotify's own business model was vindicated. be?his where you want to >> that is why it is a wait and see story. initially, you have the budget that advertisers spend on facebook, andgle, snapchat as well, but longer-term if they prove they can hold the engagement among the score millennial group that they have and they continue to make it easier for marketers to advertise on the platform, then -- so it is really a show me story at this point. caroline: a quick update on yahoo!. filed its 10k, an annual report required by the sec measuring a company's financial health. ronald bell resigned as general counsel, and marissa mayer offered to forgo her award and bonus given the 2014 security breach occurred during her tenure. bloomberg news received a statement stating, i am the ceo of the company and since this incident happened during my tenure, i have agreed to forgo my annual bonus an annual equity grant and expressed my desire be distributed to a company's hard-working employees, wh

. >> you could have found it on apple music. >> 1983. great year. all right.> when we come back, the skills gap is to blame for one-third of the u.s. unemployment rate. we're going to look at how high schools across the country are tackling this problem next. >>> plus, an update on snowmageddon. the blizzard hitting the east coast. a rundown of what's open and closed in our nation's capital. and later, market strategy with david booth. he's one of the biggest mutual fund managers. stay tuned. you're watching "squawk box" right here on cnbc. >>> welcome back to "squawk box." this morning, today's top corporate story, bill ackman throwing in the towel, selling his stake of valeant. david faber joins us with more. you broke the news yesterday. great to see you, david. good morning. >> well, and yrew, you follow ts story closely. certainly he's got a number of big losers through the years. one reason why his fund has not done particularly well, down 13.5%, i believe, last year. roughly 20% the year prior to that. also quite a few winners. but this one may be the b

aiming to fill the blank space in the music streaming industry, the new plan to take on spotify and apple music, we beliee there are certain things you can count on, like a tired dog is a good dog. [ dog barking, crashing ] so when you need a dog walker or a handyman, we can help you find the right person for the job. discover all the ways we can help at angie's list. ( ♪ ) i moved upstate because i was interested in building a career. i came to ibm to manage global clients and big data. but i fod so much more. ( ♪ ) it's really a melting pot of activities and people. (applause, cheering) new york state is filled with bright minds like victoria's. to find the companies and talent of tomorrow, search for our page, jobsinnewyorkstate on linkedin. search for our page, why pause a spontaneous moment? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do

million paid subscribers, up 25% in less than six months and extends the music service's lead over apple musichich has about 20 million users. spotify has yet to turn a profit and continues to spend heavily as it expands into more countries. last month tech crunch reported that spotted ify is considering ipo. >>> starting next week, ceraweek, some of the biggest names of oil and industry will be interviewed from texas. today we have a result of the exclusive cnbc oil survey. >> it's been frustrating for traders out there because we're stuck in the range for crude oil, $50 to $55. analysts say stability may be a good thing here, but the big question is what will happen next for prices. that's what investors wanted to know. 60% of the traders, hedge fund managers and analysts we spoke to say oil prices will rise. in fact, roughly the same number said that we'll see $70 a barrel in wti before we're likely to see 30. while the opec cuts are important, they're not the only factor here. in fact, when the cuts expire, 33% said that they expect prices to stay the same, 54% said they may drop modestly.

we just had sarah frier on saying it is a bit like when apple went into music streaming.fine -- spotify's business model was vindicated. do you think that facebook is doing everything they can to copy snap because they could not buy it? does that was vindicated to advertisers that this is where you want to be? jitendra: yeah, see that is why , it is a wait-and-see story. initially you have the budget everybody distributive to snapchat as well, and that is where the revenue growth would come from but longer-term if they prove , they can hold the engagement among the group that they have and they continue to make it easier for marketers to advertise on a platform, then they could get it. it is really a show me story at this caroline: the shareholders point. do not wait. it was a very good day, the second best ipo we have seen in the last five years. bloombergs cory johnson, fantastic analysis. in a while, jitendra waral, check them out on the terminal. now, a story we are watching. itr want to reintroduce driving cars in california legally this time. uber's pilot program wa

caroline: it is interesting, we just had sarah frier on saying it is a bit like when apple went into musicspotify's own business model was vindicated to a certain extent. do you think the fact that perhaps facebook doing everything they can to copy snap as they could not buy it? does that vindicate it to advertisers is this where you , want to be? >> that is why it is a wait and see story. initially, you have the budget that advertisers spend on everybody, google, facebook, and snapchat as well, but longer-term, if they prove they can hold the engagement among the core millennial group that they have and they continue to make it easier for marketers to advertise on the platform, then the revenue can scale. so it is really a show me story at this point. caroline: a quick update on yahoo!. this week, the company filed its 10k, an annual report required by the sec measuring a company's financial health. a few highlights for you. ronald bell resigned as general counsel, and marissa mayer offered to forgo her award and bonus given the 2014 security breach occurred during her tenure. bloomberg n

apple headquarters, scott, what is the real impact here? is there anything we can do about it? >> reporter: there are some things. when we store music and contacts on our phone, they're on servers. apple calls it icloud. tonight, hackers claim to have hacked into some 200 million of these accounts. chances are you're on your phone or inches away from it right now. and chances are, you keep a lot of personal date on your phone, too. >> i keep everything on my phone. photos, yeah. music. all my contacts. >> i keep important stuff there. >> reporter: for millions of iphone users, that important stuff is kept on icloud servers, convenient for servers. but now under attack by a group called the turkish crime family claiming it will soon wyoming out 200 million customers worth of photos and contacts if apple doesn't pay a ransom. >> reporter: the security team at barracuda said because the cloud has so much of our personal stuff, it is important to keep it secure by changing your password or setting your phone to ask for two identity checks when you log in. >> extra pre exhaustion really helps thwart these attackers when they do happen to

apple headquarters in cupertino. >> we are talking about icloud where many of us put our music and photos and contacts. tonight, hackers claim to have control over 200 million apple accounts. >> we live our lives on our smart phones. and keep our lives stored on them. >> what do you keep on your phone? >> stuff. stuff, like everybody. >> but not that -- >> personal stuff in. >> yeah, some personal stuff. >> i keep everything on my phone. photos, music. all my contacts. >> all of which typically resides on apple's icloud servers, convenient for storage, but now allegedly under attack by a group calling itself the turk oirk crime family, claiming it will erase 200 million customers worth of what we store if apple doesn't pay a ransom. >> this is a wakeup reminder to all of us as consumers of modern age technology. >> security experts say because the cloud has so much of our personal stuff, it's important to keep it secure by changing your password or setting your phone to ask for two identity checks when you log in. >> extra precaution that really helps thwart these attackers when they do happen to get ah

apple gift cards. >> $500 worth of itunes. >> judy never download add tune in her life, and now she was stuck with $500 worth of them. >> why would i want to spend $500 on movies and musicto the apple store and picked out an ipad and presented the gift card. >> she comes back and says we can't use it. and judy called apple saying she needed to switch these cards for apple score cars. >> he said no problem. >> then hours later an e-mail from apple, your cards are not eligible for exchange. i couldn't believe it. >> mike purchased the cards off a wrack at safe way, and seemed right since the apple logo is on the front. >> i gave her an apple card and i didn't know what an itune meant. >> a friend said call channel 7 on your side. >> we called apple and the company agreed to exchange the cards after all, saying if a customer reaches out to let us know they mistakenly purchased the wrong card we work with them. now judy is singing a different tune. >> i would have given up if it was not seven on your side. >> the gift cards are confusing, and apple says they will swap them if anybody buys them buy mistake, and itunes cards are only for tunes and not hardware at the apple st

apple for two years. looking to make a splash in video content offering a new app which clips, photos and music can be shared on apple or any social media. >>> wells fargo reporting that new checking account openings in february were down 43% from a year ago. credit card applications down 55% from a year ago. if there is some bright light here at the end of this long tunnel for wells fargo after the scandal of fake accounts, their customer loyalty scores improved for the four straight month. stock market opening up in positive territory. the nasdaq hitting a record high in the process. right now the dow is up more than 50. getting closer to 21,000 again, nasdaq up 21, s&p up 6 in the early going. back to you. >> thank you, jason brooks from kcbs radio. >>> time now 6:47. let's check the roads. >> a wet commute in the bay area. live look at the bay bridge toll plaza. we have slowdowns because of a car fire but that's cleared out. main the rain has something to do with it -- maybe the rain has something to do. maze to downtown 25 minutes. rain and high winds across the span into san francisco. same story acros

music. all my contacts. >> reporter: all of which typically resides on apple's icloud servers, convenient for storage and under attack by a group called the turkish crime family, claiming it will erase 200 million customers worth of icloud of what we store if apple does not pay a ransom. >> it's a wake-up reminder of all of us, as consumers of modern age. >> reporter: security experts say that because the cloud has so much much of our personal stuff, it's important to keep it secure by changing your password or setting your phone to ask for two identity checks when you log in. >> an extra precaution that really helps thwart the attackers when they do happen to get ahold of your user name or password. >> an ounce of digital prevention to keep hackers at bay. scott budman, nbc bay area news. >>> and there are a lot of layers to this story. late tonight, apple saying that there's not been any breeches in any of the systems, including icloud and apple i.d., and goes on to say, we are actively monitoring to prevent unauthorized access to user accounts and are working with law enforcement to identify you the crimina

music? >> reporter: judy figured itunes, ipad all apple so she went to the apple store, picked out an ipad and presented the gift cards. >> then she comes back and says we can't use it. >> reporter: so judy called apple saying she needed to switch these cards for apple store cards. >> they says oh, no problem, we can switch your card. you'll hear from us. >> reporter: hours later, an e-mail from apple. >> your cards are not eligible for exchange. i couldn't believe it. >> reporter: mike had purchased the cards off a rack at safe way. they seemed right since the apple logo is right on the front. >> i gave her an apple card. i don't know what itunes means. >> reporter: judy figured she was out of luck until a friend heard her story. >> she said call channel 7 on your side. >> reporter: she did. we contacted apple and the company agreed to exchange the gift cards after all. saying if a customer reaches out to let us know they mistakenly purchased the wrong card, we work with them to do our best to resolve the issue as we did in this customer's case. now judy is singing a different tune. >> i woul

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music? >> reporter: judy figured itunes, ipad all apple so she went to the apple store, picked out an ipad anded the gift cards. >> then she comes back and says we can't use it. >> reporter: so judy called apple saying she needed to switch these cards for apple store cards. >> they says oh, no problem, we can switch your card. you'll hear from us. >> reporter: hours later, an e-mail from apple. >> your cards are not eligible for exchange. i couldn't believe it. >> reporter: mike had purchased the cards off a rack at safe way. they seemed right since the apple logo is right on the front. >> i gave her an apple card. i don't know what itunes means. >> reporter: judy figured she was out of luck until a friend heard her story. >> she said call channel 7 on your side. >> reporter: she did. we contacted apple and the company agreed to exchange the gift cards after all. saying if a customer reaches out to let us know they mistakenly purchased the wrong card, we work with them to do our best to resolve the issue as we did in this customer's case. now judy is singing a different tune. >> i would have g

apple, and orange blossom. no artificial flavors, or colors. award winning strongbow hard ciders. [musice party ♪ ♪ ♪ rock this party up the dinosaurs' extinction... got you outnumbered. don't listen to them. not appropriate. now i'm mashing these potatoes with my stick of butter... why don't you sit over here. something for everyone is awesome. find your awesome with the xfinity stream app. more to stream to every screen. ( cheers and applause ) >> trevor: welcome back to "the daily show"! now, today, we were supposed to be joined by senior trump advisor omarosa who, of course, was here to promote her episode of "say yes to the dress." ( laughter ) that is true, by the way. ( audience reacts ) but, at the last minute, she bailed on us, and the reason she gave -- true again -- is that the administration didn't want her interview on the "the daily show" to eclipse the news of the day. now, that doesn't really make sense to us because this was the news of the day. ♪ >> breaking news, the f.b.i. director james comey publicly rejects president trump's claim that he was wiretapped by his pred