live coverage of the senate when they gavel backend. in the meantime more debate from earlier this afternoon. >> i was i was struck by what the democratic leader said's. of course the history of this. we are here in a manufactured unnecessary crisis. it is a manufactured unnecessary crisis. last year over one majority past improvements to the patriot act. did away did away with the parts that have now been's declared illegal. we did that but but i get past the filibuster. fifty-eight votes. fifty-one votes to pass something. and the leader we will recall how hard he worked to try to get that through 's. the republican leader said no we will wait until next year. well next year came's. we have wasted so much time. there has not been a single hearing or anything on alternative, but to my friend right when he says the house passed this to the one's overwhelming. republicans and democrats together to get rid of the illegal parts of the patriot act's to pass an improvement just take it just take it up and pass it. allowed to have these strai

. >> he still can't move backend.ome and still trying to can cover from the concussion and ptsd he was diagnosed with after the blast, his balance is still wonky, yet he calls himself lucky. >> i am alive linda my neighbor died instantly. companies follow protocol all of us would have been out of our houses. after a full investigation they slap them with a $745000 fine. find $600,000, the largest of its kind, and the lawsuits. >> we have to look to the place where we can get where we can assure ourselves and give a utility calls made that is not going to result in a neighborhood disaster. >> atty. for the family of the woman who was killed. killed. you can see her in an exclusive shot. reached the same conclusion as the state and is suing both contracts because his client wants to eliminate future negligence. 100 percent avoidable. >> both contractors are operating fully. neither one has commented on the lawsuit. jim, he says he is assured they will be able to move home by november but has hired his own attorney comma

i was saying that uber could be very clever by also controlling the backend and the self driving carogy so if it becomes monetized, uber has other ways to make money that go far beyond just being a ride. emily: a lot of people think lyft whenever be able -- will never be able to can be on uber's level . gabe: i don't believe that and the metrics don't say that either. i was in san francisco last week and the lyft line product is phenomenal. there is a density of drivers and riders that they are bigger than uber that multiple people are getting in cars and sharing rides. i think that is the future. i think this idea that we have -- that we will own cars in the future is not the way things will be in urbanized areas and we are rapidly reorganizingeurbanizing. when you think about the car business starting to decline i think there is a lot of opportunity for these up-and-coming services. emily: lyft has a lot to prove. gabe and katie, thank you both. now don't try this at home. a canadian teenager part of the hacker group that calls itself the lever squad has pleaded guilty to some they

there is room for a myriad of other car services, uber could be very clever by also controlling the backendnd the self driving car technology so if this space does become commoditized uber has other ways , to make money that go far beyond just being able to hail a ride. emily: gabe, a lot of people out there think lyft will never be able to compete on uber's level. gabe klein: i don't believe that and the metrics don't say that either. i think lyft is doing well. i was in san francisco last week and the lyft line product is phenomenal. there is a density of drivers and riders that they are bigger than uber in san francisco. multiple people are getting in cars within a block of each other and sharing rides. i think that is the future. i think this idea that we have -- that we will own cars in the future is not the way things will be in urbanized areas and we are rapidly reurbanizing. there is a huge opportunity -- the car business is a multi-trillion dollar business. when you think about that business starting to decline i think there is a lot of opportunity for these up-and-coming services.

>> how are you disrupting on the backend? how are you promoting disruptively?m using new media. i'm figuring out what cars go down what highways. i am hiring young, smart, innovative people and saying teach me. it is just thinking outside the box. when people say that's crazy, ok, good, we found it. the moment someone says that's crazy, usually i run in that direction. >> you've been compared to elvis presley's manager, who was criticized for being too controlling. how do you respond to that comparison? >> it is flattering to be compared to anything and elvis. i'm never going to take the commission that guy took. that's the first thing. >> how do you structure the business relationship? >> i structure it fair. i structure it industry standard and i try to over deliver and i try to do as may jobs as i can for the price of one so my artist doesn't have to go too many places and there are not too many chefs in the kitchen. that may be where the criticism comes from, always trying to control too much. what i'm trying to do is get as many jobs done in one place, so

have been sending out the terminals anyway with the chip technology enabled and it is more about the backendthe message processing, environment that they have to invest in now. luckily for small merchants, they can get terminals that are plug-and-play, available for less than $100. cory: is this a way for visa to gain even more market share as the change takes place? >> not really, the whole industry is a line behind this initiative. large banks and other merchant initiatives are moving in lockstep in getting this done. we all believe security is paramount for the payment system. cory: really interesting. vice president of risk and public policy. thank you. emily: coming up next, why did united airlines sue a 23-year-old? we take a look at the secrets of how airlines price of their flights. ♪ emily: this is "bloomberg west." i'm emily chang. united airline sued a 23-year-old who started a website that helps people find cheap flights. how does it work? a lot of airlines use what is called a hub and spoke model for planning lights. plain layover in regional health before going off to regional

estonia, they are using this great backend. we are working to join.t it means to join the d-5 is having open-source government. also, all those countries are working to teach code to all children in the country, just like you teach reading, so the children have a fluency with this. charlie: is all that the united states had led in, in terms of science and technology, and other areas, is it at risk because we have not taken what we have learned and been able to apply it, because we are not doing the level of research that we have been, or is that simply a moot argument because so much is going on now in the private sector? megan: i think the federal government continues to fund research, and the private sector does incredible work. it gets affected. we have to keep pushing and reminding ourselves how much has come from that basic research, the companies get better at that, scaling from lab to market as we say. we are doing a good job. i want to get more americans in on the game. charlie: did you seek out this job? megan: i was in africa, working with t

basically they gave did not know the backend going out and that was about it. that was the only connection i got. i mean there was no t.a.p. program, there wasn't anything. we're doing much better. post-post 9/11 g.i. bill is a phenomenal benefit and 1 million young people have access to that our country is better off. we will get the money back in space. no question about that. we will benefit mightily from that. on the veterans hospital in denver, you know, i mentioned this anything but they built the coliseum in rome and eight years and it looks like we're going to exceed that would be a. they had different labor issues realize that an they didn't have the epa on them but it looks like you could go the hospital for less than $1700 a square foot. i think about how much care mr. kovach mentioned that we could be giving our veterans. and it takes away from other veterans construction projects that could be done. i didn't sign on to be the project manager for feba hospital but they can do better and able to but i think the oversight from our committee will do th

reason the protests in baltimore have focused on the funding of this juvenile jail is of course the backend of that system is building a court system and jail system to deal with all the people who may get nixed the first time for a misdemeanor then they have a warrant, an outstanding warrant, maybe they miss a court date next thing you know they're in juvi. >> it snowballs. first time you get one my yourinor charge, next time you go to court. somebody has to take care of you when you're in jail awaiting bail. next thing you're taking money out of the school system to expand a jail system. it snowballs from there. the proactive policing policies create their own gigantic bureaucracies which have their own momentum and end up creating arrests in a way and creating their own kind of criminal subculture. >> but then come back to this original point right, the idea that the baltimore police and commissioner batts basically has said this. he hasn't quite come out and said this. basically we've taken a step back because you people, you know, didn't like what we were doing, you got in our faces, y

, our brand in the way hbo go captures the backend rights of its programming.ction to recapturing those rights inside the system if there was an economic pathway to doing it but ultimately we are in business in partnership with content creators and they're going to go with it to get the most creative freedom, the best marketing and get paid the best. the bottom line is syndication revenues which are increasingly domestic, revenues are critical to be able to compensate artists artists. >> agency is making that you have this walking dead behemoth. is a been a real driver of life program and also review have different programming you have to worry about advertisers but walking dead has really been their unique in that live programming since. how do you encourage that our driver keep that show a live and what is the value of that life you? >> in the current advertiser regime which has undergone some modification and may undergo further modification, it's very important that is how they count goes and how the money flows. the underlying phenomenon of watching when s

there is tremendous value in the backend marketplace. it is largely replacing syndication.ulia: ownership of the content is integral. >> we started fx productions more than a decade ago. if we were in the business of renting, as opposed to owning, we cannot make the numbers work. but ownership turns out to be a terrific business on a domestic and global basis. we have businesses that are good at marketing shows and owning their shows is a boon. i would have no executive objection to seeing our shows captured by our own programming services. in the way that hbo go does it. i would have no problem capturing that there was an economic pathway to doing it. we are in partnership with content creators. and they're going to go where they get the most creative freedom, the best marketing, and were they get paid the best. syndication revenues which are increasingly domestic, revenues are critical to compensate the artist. julia: you have this "walking dead" behemoth. doesn't matter in terms of ratings or advertisers, that show has been their unique in that live programming event. ho

you can't access the backend any easier than the front end. there was a very good and very big on line publication which was basically purged last year so its former editor-in-chief has gone into exile and is running a russian language publication amatzia with small editorial staff and a lot of reporters based on the ground in russia. and it's quite good, but i think that and it's another heroic effort. it's really sad that the most important on line publication now has to be run from exile and of course the moment will come when it will be blocked access to it. >> a question over here on the right. >> thank you. recently at the meeting with mikhail at stanford somebody towards the end -- he never had a chance to answer. mr. carter koski if everything will work out as you hope what will you do with 87% so just as one author that very recently read the gulags are fresh in mind the russian peoples minds gulags what do you think? is put in the problem or the gulags of the russian mind that hasn't lived itself out yet is the problem because it see

he will sign a contract, and what they will do on the backend is use that battery for one of a dozen different services that they can earn additional revenue one. tesla cannot do not right now, with their wood to do right now is that if the dispensary in your home it is going to provide backup power. if your commercial building it will cut your peak energy charges. but in the future, they will be able to network together thousands of these batteries and additional revenue by participating in wholesale electricity markets. they know that is the future and that was going to be a big revenue opportunity for them moving forward. erik: is it fair to s\ay that they see this is a bigger opportunity than the electric car? >> i would not go that far yet, but it will depend on how it develops, especially globally. at this point, they are getting to billion dollars to $3 billion a year in revenues that you have ascribed to automotive including selling greeting credits and opponents to other -- components to other makers. at this point the battery sales have been about 1/10 of 1% of that. theat

if we can change it on the front end it will save more money and time on the backend.every year it takes $28,000 to house a prisoner. takes about $28000 to pay for a four-year college. you do the number. >> time for two more questions. the gentleman here and the lady in the back. >> good morning. thank you for what you do in your courage. my question to you what role do you feel entertainment and media plays in the perpetuation of violence? i see a lot of it in middle school. violence and going to prison as a badge of honor. what role do you feel arc should play in the perpetuation of violence? >> from detroit. [inaudible] [applause] >> youth matters and we do want to make a difference. very simple. the triggers and what are we doing, what works well? what should we replicate? and what other triggers so that we can no where we should focus our energy and effort. >> great question. we will start with you. >> i will start with the role of the media. we all know that media plays quite a negative role. perpetuating violence. i think that it is sad when the only role model

>> we are moderately short on the backend of the curve.livia: you got in on time and did not miss it like ill growth. -- bill gross. >> he said we are working with old numbers and they did have a little problem with treasuries but not with bunds. the treasury side did not work out as well but he did get in on the bund. we are seeing in europe the same thing that we saw in the united states, that you get the majority of fact in yields on an announcement of qe. once it starts yields start to back up again. erik: thank you. folks, if you had not noticed, he has a snazzy new watch. olivia: with a big white rubber band. still to come here on market makers a tech file -- a tech company that has filed for an ipo but it is already making money. erik: nike is promising to make more shoes here in america but there is a pretty big if attached to that. stephanie ruhle will be talking to nike ceo mark parker, and interview you do not want to mess. ♪ ♪ olivia: time to bring you up-to-date on the top stories of the morning. attorney general loretta lynch

, i think we started the year with close to 2.9 billion and also our asset management, we will be backendcause that is what we announced the end of last year that we will see a lot of performance fees in the first quarter mainly generated by pimco. mark: the new is this margin continues to fall because of the health -- because of the challenges, it has fallen to 1.5% from 2.5%. has it bottomed or will that trend continue? dieter: i think we are working on it check -- a change of our product mix and -- already a very good number but we are optimistic that we will get it up again. mark: the low yield environment is posing all sorts of challenges. and let -- the imf said last week that european life insurers business models are becoming unsustainable after interest rates slumped across the continent. what are you doing to mitigate this? how are you dealing with this? dieter: first of all, you deal with it with a very strong balance sheet, high capital base, and a very active investment management of our large balance sheet and i think our capabilities to attract and invest in real assets and

brendan: does pinterest have the backend if someone is looking at certain fixtures, that means they arebathroom? rick: they do because i will create a board called "newhouse," and the sub board will be master bathroom, a bunch of pictures of sinks. i know as you are going through that buying process, that logic of the same thing as the economic value creation. brendan: the goal is be a facebook for the physical space around you. rick: i would say inspire for its ration around you, so it could be taking a trip, planning a wedding, building a house. tom: the rap is it is a grill site, a midwest site. how do you make pinterest hit? rick: the fastest growing part of pinterest is international. you are seeing a lot of indonesia, second world -- tom: it is great at collating home stuff. rick: right. and you are seeing more males do slightly different things. the best dunks in the nba this year, people are creating boards around that, creating different types of interest that may be around. brendan: what are the demographics? you say there are more men. what are the demographics right now? wha

bill gross left, and that cause them problems at the backend of 2015 when they sign at exit is of fundsbrand. allianz are confirming their full-year operating profit at around the 10 billion to 10.8 billion euros this year. that is above last year's, which was 10.4 billion. management of third-party assets under management 1.4 one billion -- 1.41 billion euros. they will publish full first-quarter details on may 12. that is the bottom line for them. they are confident in achieving a full-year profit target. everybody is focused on the devil in the detail, pimco. those are your corporate stories. let's tell you some of the other stories making the agenda. oil extended its advance above $60 in a sign that the u.s. supply glut is easing. futures gained as much as 1% in new york rising to the highest close since december. inventories fell by 1.5 million barrels. that is the first drop in industry data in eight weeks. today is the deadline for the israeli prime minister benjamin netanyahu to form a coalition government. foreign minister -- if he fails to form a government opposition leader i

they were able to exploit when it was looking good for them and how this was hurting them on the backend lot of problems. you do not need bill ackman to see that. brendan: we got him to talk about how to short sell or rather how not to. bill: i think shortselling is inherently good for emerging markets, but it is not a great and productive use of time. brendan: so a little less on how to do it or how not to do it. cory: i was a short seller in an earlier life, or a fund manager i had a lot of money dedicated short, and i will say shorts will listen to what bill ackman is doing and say why go public why have these discussions out loud? if you are short a crummy company, you want an air pocket and he took that air pocket away from herbalife. he told everyone it is going to happen. brendan: is the obvious conclusion from what you're describing that he waited and waited and waited and they did not implode? he has been trying to drive them into implosion for two years. cory: it is deflating rather than imploding. tom: to defend cory's stance, mr. ackman is a little bit money and you deflate b

we do everything that we can on the backend to give them chances to reintegrate.she said she admired us but she is the real helen to all of us. again, thank you for your time thank you for your efforts. we hope we hope that you are sad colleagues are listening carefully to the testimony today. >> thank you for your strong appeal. coming from a person with your experience and knowing the direct impact it will have it is powerful. i yield to my friend but one of the emerging phenomenon's is that it is not just organized crime that gangs that have embraced human trafficking and these young girls are 14, 15 16 years old. if you could speak to that has an emerging threat. gangs do bad things with drugs violence but they also in the trafficking business. >> now also we have that punishment to the people who are in organized crime that will take these people to sell drugs will be forced to crime command it is happening in our country. also we are having agricultural people forced to labor command we just had a new girl who escaped from being forced labor in a dry cleanin

primarily on the backend. >> eye gouge. all the problems are real that you identified what is this something worth pursuing? is the benefit greater than the cost of? >> i think potentially yes. >> so that's common ground for everybody? the benefit is worth the cost if we can do it right? does anybody know if the capitol hill police where body cameras? >> i think they're looking into it but it don't think they wear them to spin it seems to me if we're not concerned about it as members of congress we were looking about. i intend to do that. very much appreciate your testimony. one last question. let's say there's a grant program. which agreed that having certain criteria that you got to do certain things before you get the grant would make sense? >> i think that is also absolutely essential. >> would that be okay with you? >> yes sir absolutely. i will take the opportunity to point out in the current grant funding unless your data retention is covered and reported a debate that's the most expensive part. >> you would want to

i think we recognize it will smooth out on the backend. >> anyone else on the panel? if not, i will remind you all the record is open and additional 30 days full stop anybody who would like to supplement any of their presentations or elaborate on any of the and questions we encourage you to provide that information in the next 30 days. thank you, everyone, and we will take a break until 1:00. we will reconvene at 1:00 for the afternoon panel. thank you. [captions copyright national cable satellite corp. 2015] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >> ok, we are back on the record this afternoon for our third panel. i don't know how many of the panelists were here earlier, but i will repeat, for the sake of housekeeping, how we will keep track of your presentations. each of you will have an opportunity to speak for seven minutes, time to buy the series of lights. green's go, yellow is two minutes to wrap up and then read we will ask you to stop so that we can get to the ne

they said this drop in complaints, the drop of lawsuits has really helped them on the backend save money. there hasn't been a lot -- there haven't been a lot of studies cost/benefit analysis yet into the technology. my organization is actually starting one now, so we're going to be working on that over the next year to kind of look at that, to see what are the cost savings in terms of lawsuits and investigations and do those help outweigh some of the significant costs? anecdotally we hear absolutely that they're worth it 100% even though the costs are very steep. >> okay. so then there's benefits, but there's also cost -- i mean, there's dollar benefits versus other benefits. >> sure, yeah. >> so the dollar benefits may not equal the cost -- the dollar cost. this is -- some of the issues that are being raised are when -- obviously when does the officer turn it on, when does he turn it off? i think all of us can sort of in our minds see "60 minutes" stories of a miscarriage of justice because of editing of footage. i mean, that's not very hard to do. so then the question is is what kind o