miguel adopted bezos in 1968.zos described his early computer experience in a 2001 interview. >> there was a company in houston that had loaned access mainframe computer time to this little elementary school. none of the teachers knew how to operate the computer. there was a stack of manuals. me and a couple of other kids stayed after class and learned how to program this thing. >> at summer camp based out of this house with an emphasis on finance and literature. five students signed up. in 1986, he graduated from princeton university, summa cum laude with degrees in electrical engineering. and computer science. we spoke to a deputy editor at business insider. >> he was recruited into a hedge fund. he did not want to work in finance. he wanted to work in computer programming. the hedge fund was a computer programmer. this is built around algorithms and the type of technology that he is interested in. >> it was not the only thing he found interesting. >> he found something that astounded him. the internet was growi

. >> the mantra of amazon.com and the founder jeff bezos. >> from the moment i got there, the feelingt i pressed down the accelerator. >> he rewrote the rules of retail. >> there is a sense of urgency around this internet land grab that was taking place. how do we establish the amazon brand? >> his strategy did not always pay off. >> people look at the financials and say the company will not make it. >> amazon.com was profitable in december 1995 for about one hour. >> with a series of slight moves, jeff bezos built and rebuilt amazon.com.

you and elon musk in jeff bezos, what is your vision for the future in space 20 years from now?dously exciting. because private companies are running space travel, we want to enable you, me, as many as possible to become astronauts and have a chance to marvel back at our earth. another inountry to a fraction of the time. be able to colonize other planets, have hotels in space and do wonderful things and create massive satellites that can transform things for the better honor. exciting days -- for the better on earth. exciting days. spaceshipsing the altogether. they have all been tested. there will be a couple more test s and then we will be up and away. richard branson, we actually have video of their last test flight in january. with each of these, they are gathering more data, super.net -- supersonic data, they have an experimental license from the faa, but not a commercial license. me,ou don't know this about i was at the first launch of the first test flight when it went into orbit. that was back in the 1920's. 2004 as i recall. >> a decade in the making for him. it is a fa

jeff imagine this is what bezos sees, there may be a need that he wants to fill.is an opportunity to more people into the fold and get them interested. we will watch it. i do not know if somebody's -- sotheby's needs to be too worried yet. we will see. pushan read about amazon's into the art world in our newest edition of "bloomberg pursuits." if you still have money left over from all of your art shopping, you might want to get your hands on a guitar that was once owned by eric clapton. a collection of more than 260 rare and vintage guitars is going to auction on april 2 here in and new york city -- here new york city. of president and cofounder the auction house joins me with more. arlen, welcome. a spectacular instrument. a guitar made by jon the angelico. always send a moment ago about an investment that you can feel and touch, if it is not a guitar, i do not know what it is. how many grew up loving instruments and you want the finest. >> is this a guitar that can actually be played or is it just a pretty piece of art to look at? >> it is both. it absolutely c

i didn't know that he was going to say jeff bezos.done a good job taking rest in venturing into territory where no one ago. but these companies -- they cannot change. the ceos cannot change. and they are moving in because they have a vision that they can stick to. regardless of what people think they are doing. neil: is a weness on the part of those in his market. that is the bottom line. >> he certainly does. he is also willing to take losses for a long time to achieve his goals. which is why lukewarm sanctions don't do a doggone thing. and about ceos, the difference between a very successful ceo and jeff bezos or vladimir putin, is that people -- like donald trump him and they the they have done a possible very well. vladimir putin is the impossible. although he is a more attractive figure in a lot of ways. it works for the audience. not for us but domestic consumption and even as an author i'm terrified of the guy. nonetheless, this guy did the impossible. and he keeps doing it and the naysayers as with the naysayers of lattimer pu

he e-mail jeff -- jeff bezos and said this is a great thing.andra: he said thank you, you are awesome and jeff bezos replied. the rabbi wrote him to say he had the most amazing reading experience of brand wants to read more young adult novels, he did this using the hundred games e-book and had the experience of his life. was able to fully engage in the book. stuart: this feature was always on kindle. sandra: the rabbi complained nobody can find it. my friend read the kindle. they can't find it. jeff bezos said thank you for the feedback, he will pass along encouragement and work on making it easier to find. stuart: we gotta turn in the market. when we went on the air four minutes and 25 seconds ago we were up 40 points and however says lightly down. no news to account for this friday morning. we are dipping 1/2 point. we have the february jobs report, 175,000 jobs created. the unemployment rate up 6.7%. the weather pushed lot of people into part-time work. to me the most interesting item is that 12.6% real unemployment rate for people who want

best actor, jeff bezos. "60 minutes" promising the golden age of the amazon drone delivery to doorsteps but sorry, customers, no drones for you. not for years yet. we'll see if he can back up his bravura performance with real airborne action. best actress, yahoo! company marissa meyer, saleswoman extraordinaire. she is keeping a brave face as ad revenue withers away. despite headline-grabbing hires and flashy new video channels, critics say this silicon valley honeymoon is way over. now our award for best picture, "gravity" or in this case, defying gravity. tech stocks are hitting 14 year highs. mobile deals are eye-popping. and valuations are soaring higher than clooney and bullock. will the tech party come down to earth or will the wall street buyers club continue? >> samuel, very clever. i have my money on sandra bullock for "gravity" for best actress. one more for you. award for the best horror film. the envelope, please. we have hack attack. want to talk scary? who was the bigger spy, your e-mail provid

max, we have seen this with jeff bezos, too. what does facebook need to do to stay competitive? that is one of the concerns. it could run the risk of turning into blackberry down the road if they do not stay on top of things. his is a company that is willing to spend in $19 billion to get a messaging app just an effort to stay on top? >> part of the story is facebook is trying to use its money and tell you on the markets to build a future. part of what is frightening is they are not so sure their future is facebook. it might be drones or private messaging. that is a little frightening. that is a little eyes off the prize, even though they are doing well. on the other hand, they have a history of making wild acquisitions and working hard to show the big boys that you can make money off of them. i think facebook may have done too well with instagram, so they are getting awfully aggressive. on the other hand, as long as other folks are doing good things, you can hide behind them and do things that are crazy in ways that silicon valley and wall street have decided is ok. >> that kin

>> amazon, i like jeff bees' those -- jeff bezos.ed the meeting. i like that idea of the most. stuart: we want everybody to vote on the stock they think is best for the long term. and we are bringing up the term black swan. we have global debt at $1 trillion, black swan events. liz: it is about the government debt picture and governments around the picture and the bond market reacts. the bond market fell lot of that in the 90s when rates go up. is all about how does the fed manage interest-rate hikes that coming down a road that have a bond market. get this, alan greenspan is -- mr quarter point. you expect quarter point increases but the bond market overreacted saying wait a second especially if you see inflation picking up too. stuart: that is the end of the real halftime report. thank you for joining us. think the government can cut entitlements? think again. food stamps, john boehner calls it brought. we will explain it next. in the new new york, we don't back down. we only know one direction: up so we're up early. up late. think

. >> is jeff bezos quaking in his shoes? >> no, i don't think so.zon is not really going to be heard. -- hurt. ebay could conceivably be hurt, but i don't think they could -- they are quaking in their boots either. it is analogous to a business they have in china to my which is one of several businesses there. i don't think ali baba is going to start selling goods from americans to americans the way that ebay does. >> $200 million valuation possibly. what do you think about that? >> i think that is very high. but again, i think most internet valuations are high. >> is it justified? >> the revenue does not seem to justify that to me, no. >> to companies that stand to benefit from the ali baba ipo, yahoo! and softbank. yahoo! owns 24% and softbank owns 30%. here is another possible ipo. jimmy choo, the luxury shoemaker. there has been talk about a possible ipo. the shoe unit could be as high as $1.7 billion. those are expensive shoes. the ipo would be to pay for expansion in asia where sales are rising. some high heels to high tops, march madness is h

markw about this question between you and elon musk and the jeff bezos, what is your future of space?es it look like question mark >> it is tremendously exciting. as many people as possible become astronauts and have the chance to marvel back at our earth. one country to another and a fraction of the time that it takes. we went to have hotels in space. to do wonderful things. we went to create satellites that can transform things for the better back here on earth. >> what are the last steps to get to that? >> we are putting the spaceship and rockets altogether now. they have all been tested. there will be a couple of more test flights and we will be up and away. >> my interview with sir richard branson of the virgin group. it is a multibillion dollar media business. how did they do it? we will speak with the cofounder next. ♪ >> will come back. i am emily chang. fisa media combines punk culture with traditional journalism. multibillion dollar valuation. jon erlichman con up with shane smith, the cofounder of vice and media. venture about his new that go into launching something. >> we

jeff bezos really -- recently bought the "washington post."eessen says were on the verge of a boom in journalism. how many are going to cash in on content? our next guest made the move from journalism to venture capital. us, chegg ceoh 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. get to not worry about writing a story in the middle of the 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. a how does your prior life as journalist put you in a better position to spot potential winners out there? >> one of the key things as a journali

those companies, amazon, facebook -- >> jeff bezos is a bit like you. he likes to get market share. he is willing to cut prices to get market share. >> he is very smart. long-term view. >> what did you think of the facebook acquisition of whatsapp? >> very smart. >> so you would've paid $16 billion if you had facebook users? >> no doubt for one moment. >> what is your philosophy for this? if you can figure out what it is worth, then get it. if you have to pay the top price, but you see the potential, do it. >> yes. i am looking at the future, not the past or the present. in 10 years, 20 years, what can we do if we get more power? >> here is what they say about you. they say not only that you want to be the wireless infrastructure and have the world's biggest carrier, but you also want to be in content. >> content, application, the service. those are the fruits and flowers on the basis of the platform. we want to provide the platform, which is the infrastructure, and then we want to help grow those bunch of different flowers and fruits. that is our view. it is like john malone's cabl

liz: terry, please go ahead with your question or comment for jeff bezos. >> caller: i was wondering if you had any opinion on the art work and obvious destruction that the catholic church has perpetrated over the centuries to art works and if they should be held accountable? peter: we have more immediate problems in places like syria where we seek works of art, these things belong to all of us and should be a concern for all of us about seeing them destroyed by both sides in this horrible civil war. there are things under threat in cairo and molly. these challenges are a challenge that aren't going to go away. to try to go back as i mentioned earlier to one of the other viewers's questions and a dressing over the centuries, not a task when monument men was engage in. to go about standards in world war ii and cultural treasures today. liz: we identified u.s. co-author of libor because you wrote it with britt witter. >> he is a fine writer, accomplished new york times best-selling writer, number of books since then, worked with me and the research was a daunting and the race against t

what in the world is amazon's jeff bezos's to? will there be a free screening and music service or won't there? amazon says it is not having the we have the journalists who have the real scoop and a tommy be an analyst. i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still gonna give me a heart attack. that's health in numbers. unitedhealthcare. but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in

but per jeff bezos, the dream came true. this is nothing short of alchemy, it's witchcraft.they want to burn the ceos and the acolytes at the stake. metaphorically speaking. these are salem stocks. there are some outliers. for example, the sales or facebook and google, when it turns out they were earning a huge amount of money and we didn't know. a duckling turns into the swan, like facebook going up to 70 in the blink of an çeye. when you hear about imminent crashes, remember that from time immemorial there's more than one way to value stocks and please accept that there are more ways to fuel a rally than just better than expected earnings. once you're liberated, free of the dogma, you can at least see why the market isn't totally crazy. i'm not telling you to buy into it. it's not totally crazy. nobody involved in the stocks should be burned at the stake. although a couple certainly deserve to be burned in effigy. dale in wisconsin. go ahead, you're up. >> caller: a big burr booyah from wisconsin. >> what's going on? >> caller: yeah, i was wondering, with more and more st

jeff bezos bones 84 shares of he has made $150 million today. not bad. jetblue, the airline, selling its in-flight entertainment business, live tv for $400 million. live tv employes, 500 people, anticipate $150 million in revenue this year. the company buying get is europe's biggest defense electronics company. making money by not sharing it. lady gaga, reportedly made $2 million but only 5,000 went to charity. supposedly $400,000 on legal services and $300,000 and then there's the $800,000 classified as other bills. you can do better than that. up next, the only index you really need for retail sales, lingerie. our next guest says sales are up big time all thanks to the polar for tax. see if you can listen to what he says, it is a test. i will test you afterwards. try to pick up anything. clearly our crew won't have a clue. at the end of the day is all about money. and his new boss tom two ings -- cook what you love, and save your money. joe doesn't know it yet, t he'll work his way up from busser to waiter to chef before opening a restaurant specializi

>> i don't want to say that walt disney and jeff bezos wasted money on that, but he does name idea. show republicans don't have a strong front-runner. they've always had a strong front-runner. now the democrats have one. the electoral college is what matters. the bad news for them is they cannot win with nobody. and right now, i think that poll overstates the strength of the republican field to some extent. yes, they're not well known, but none of them have much time. this thing is going to be engaged in the blink of an eye. hillary clinton for all her flaws as a candidate, all the challenges she faces, she's ready to do this, ready to put a team together and go out on the playing field. these republicans do not have much time to find one, two, who can be gladiators and go up against her again assuming she runs. >> let me go back to john on that question. is this country so angry they're willing to go with a surprise, someone they don't know who is tested, like barack obama. go with a surprise. we don't know if you're tested but would rather have you than somebody who is already the

i'm sure bezos would love to consolidate that down.estors are just taking one super expensive stock for another. i did lay out yesterday that this is a quote, unquote bull market call. and for that matter, you know, we have to acknowledge one thing. i think netflix has traded up maybe one day in the last month. i didn't get to see where it was before we came on here, but the stock's not acting well. that shouldn't be the driver of any deal here. >> maybe we're asking the wrong questions. how big of a burden does netflix have? the only reason somebody would buy them is if they thought they couldn't beat them. is it hard to start a company that does what netflix does? do they have a mote around them? >> i can go out and start one of those companies on a very limited basis. the problem is the movie studios will laugh me out of the room. the other is 44 million people are using netflix. it's a -- it's a massive number. think about the power of itunes right now. i have no idea how many millions of people that they have, but i just read last

i see signs all the markets are frothy and not just everything having to do with eli musk and jeff bezosk we have a solid bull market in the good old old usa. robert in new jersey. robert? >> caller: boo-yah, cramer. >> boo-yah, robert. >> caller: i want to give a shout out to my friends and family watching the show right now. they're all big fans. >> i love that. love that. family stays together watching "mad money." that's fannist that'sic fantastic. what's going on? >> caller: i wanted to ask you about discover financial, dfs. >> it's so cheap, it keeps going up. it's driving me crazy. it's really great company, it's been cheap forever. i should've pulled the trigger for my charitable trust. i didn't. know it's at a 52-week high and i have to wait until. drives me crazy i didn't tell everyone to buy it. i was so busy hung up on telling you to buy visa and mastercard, i should have said buy them all. hey, bull market, it's your birthday, it's your birthday. and please don't let the haters bring you down. happy birthday, bull market. and i mean it. stay with cramer. >>> from the massive

graham is taking on this new project just months after his family sold the "washington post" to jeff bezosof declining revenue. >> it was just as difficult as you think it is. >> on a personal level, does it hurt? >> oh, yeah, i wish i figured out a way to make the newspaper business work, but i didn't. >> but graham has figured out a new way to make a difference. >> $25,000 is a very low price to give someone a chance to succeed in life. and i think once they graduate, they'll be huge contributors to their families but also to society. >> don graham says there are 600,000 dreamers who qualify for the scholarships. he wants to raise as much money as possible to give more young people their chance. and that's it for today. have a great week. we'll see you next fox news sunday. >>> fox urgent. new satellite data from france pointing to a fresh spot of possible debris from that missing jetliner. and it's now monday over a section of the indian ocean where the world's greatest search experts are focused still, and a dangerous mission continues to find flight 370. and the 239 people onboard. am

obviously, jeff bezos's purchase of the "washington post," pierre omidyar financing first look media. people who have made smart decisions, investment decisions in the past are now putting money into media. they may be smart investors generally but wrong about media. we don't know yet. but they're putting money in. and that's one of the reasons to be optimist i can. >> and if there are lots of these small online news organizations, the ones you're describing that have two or three or four employees, they're not going to be covering the missing plane or crimea. they're going to be honing in on stories that otherwise wouldn't get covered at all. >> i think that's right. i think they're covering some important areas. on the other hand, it is possible to look out there and see areas that aren't being covered. i had a member of congress tell me that he thinks one of the biggest problems in washington is that two decades ago or three decades ago every member of congress had at least one reporter from the hometown newspaper looking over their shoulder and talking to their constituents about

. >> that is jeff bezos promoting the kwas dee ya. >> thank you very much, jane wells.et signs." "closing bell" starts right now. >>> and welcome to a very special edition of "the closing bell." i'm kelly evans here at the rise forum at the university of dayton in ohio. this is an event, bill, featuring current and future leaders of finance. there's some added excitement here on this campus because

by the way, jim cramer and i interviewed jeff bezos the night or the day after he reported his firstrofit. jimmy and i actually talked to him. >> this stock has gone from $60 to a $372 stock. massive return. this one is an industrial. you could have bought this bad boy for $4 per share back in march of 2009. now, it started in 1923 as a textile company. it owns cessna aircraft, the small aircraft, bell helicopters and for all you golfers out there, they're also the guys who make those ez-go golf carts. i'm talking about textron. it's an industrial conglomerate. >> whose former ceo, a good man, was a catastrophe as fed chairman in the 1970s. please go on. >> that stock is up 900%. 4 bucks to 40 bucks, not bad. we're going to end on a well-known company. it's up 2,100% since the march 2009 lows. if you had a time machine, you could have paid $3 per share back in march of 2009. this is a media giant of a company. it was formerly part of the viacom family of networks and now it is home to bob schieffer and the political show "face the nation" on sundays. you know which network i'm talkin

the leader of the unfree world is not on the list, vladimir putin is not on the list either. >> jeff bezos's on the lit. talk about jeffrey. >> sort of taking over blocks in harrem a harlem, adopting the kids and seeing they're achieving and moving forward year after year after year. >> he's the uber of education, such a disruptive kind of way to think about and the right way to think about education. >> mika? >> malala. this young woman at this point is one of the most beautiful symbols of our time. and you get to know her and she's not someone who is propped up in light of what has happened to her. she lives it. she is it. there are few people in this world that hold the kind of soul she has. >> that's right. and standing up to the taliban. that'shas. >> and standing up to the taliban. it is personal courage. that is courage. >> you hear her talk and there is more. and there is more about the education of young women, about power, about elegance, beauty. she embodies it all. >> really quickly inside j.c. penney's melt down. >> a company that tried to turn itself into apple. they hired ro

bezos --st -- jeff >> he is a retailer. we are offering the solution to all retailers.- he is not. we have over 240 brands and retailers around the world -- nestle, reebok, nespresso. all of these guys committed to use the technology. they put it on their products, their audio -- embedded in their audio. you can hold up your phone and buy it. all of these technologies are new and available today. this is not something that we are -- >> you get $100 million net to help you get you started. >> i appreciate you joining us. pimm fox is here with what is happening next on taking stock. >> coming up, the entertainment nationalpics is going on time warner cable this month. we are going to talk to the epix president and chief executive mark greenberg. ♪ >> in switzerland, automakers are switching into high gear with dozens of new car models. we are going to deliver for you hot wheels on the market. ♪ ♪ ♪ ♪ ♪ >> i like rankings. you can go to bloomberg.com/ ranks. that is it for us today. we will see you here tomorrow. ♪ >> it a city six minutes past the hour which means bloombe

doing to companies in china what jeff bezos has done to many in the u.s.? interesting guy that started out as a teacher. he is 49 years old. he started as a guy stumbling upon the internet while doing a program and visited the u.s. and helped as a translator and helped business people get a deal done. he learned english while listening to voice of america and does mass weddings for employees every year. interesting view toward corporate governance. thealipayied to take business out of allie bamber -- alibaba. is an interesting character to keep an eye on. >> these billionaires are so eccentric. on friday, we had the actual ipo filing for another big chinese company, what can we learn from that filing? >> they are directly related. this is a big deal. this is the twitter of china. it is a great big giant business where you see some of the same measures in terms of rapid growth and rapid revenue growth. grow atseen a user base a very fast base, 129 million active users just like twitter. the user growth rate has slowed a little bit with the addition of new us

does he see himself competing with the likes of jeff asus and elon musk -- jeff bezos and elon musk?n't they be colliding with each other? >> he doesn't talk about it like that. he talks about it like everyone working together. this is a business for him. this is a businessman. we were there talking about the war on drugs. he is the commissioner for the global commission on drug policy , talking about the war on drugs, which he claims has failed. he says if that was a business, he would have shut it down after a year. at heart, he is a businessman. in terms of the hold up and why it has taken so long to get to this point, they still don't have the license they need to take passengers into space. they have an experimental but they don't have the commercial license they need . they are continuing to work on that. they are moving operations to their base in the mojave desert. tooat some point in not many months, we should expect to see him launching. we will have more from richard branson on "bloomberg west." >> thank you for bringing us your interview with richard branson, emily chang.

thing you and your team learned about this chasm between the fancy pants arts galleries and jeff bezos's are different in the way that you expected to make of this is not a hyper curated environment, this is not art on the. you have worked i just comes sending next two photographs from total unknowns. visit everything in one. quick there is an antiwar whole -- there is an antiwar hall --an worhol with six figures. am i going to spend $200,000 on amazon? >> amazon is sitting back and saying we're good but at this up --nd you we don't not mind reviewing to put this off on the site, and we do not mind if you go through another person. because time and time again they put up the item and they get lowest sale. in the airplane the long game with this. the ark market is work that reacting. >> what is in it for them? >> into just another area they had not covered. looking at these galleries, and the art market has gotten so speculative that there are people buying of living stuff left and right. >> it looks so good in the entryway. a velvet elvis come in is gorgeous. >> my question is, the disti

it is the brainchild of ceo jeff bezos who encourages people to put art in the cart. ."ck to "countdown i'm anna edwards >> i'm mark barton. let's talk for all, shall we. they will travel to chelsea. a loss would dent their chances of winning the english premier league title. , real madridlassic versus barcelona. looking his lips in anticipation is dave, who joins us with some match analysis. fairly,go, to put it you pummeled manchester united in year be sport match analysis. you are unbiased, used stats. here it is. do you think they will lose both games? >> i think they will lose to liverpool. >> and that will be at? >> that will be it. where was that wrong? david made about three great saves. you lost to liverpool. >> we did lose to liverpool, one out of two. >> somehow you think it is ok that you fall apart right at the end. >> through to the quarterfinals. >> and now you are the worst team. >> anyway, i just wanted to show that they've can get it wrong sometimes. anyway, chelsea versus arsenal. >> it is good news after last week. 1000th game as the arsenal manager.

. >> is jeff bezos quaking in his shoes? >> amazon is really not going to be hurt.bay could be hurt. i don't think they are quaking either. ebay has a business that is analogous to one that alibaba has in china. ison't think that alibaba going to start selling goods in america to americans. i think the ipo is very high. i think most internet valuations right now are superhigh. >> is a justified? >> the revenues do not seem to justify that to me. >> how much of a condemnation is this that alibaba comes to the u.s. and not to china? >> it was really hong kong or new york. they never thought about listening in china. the executives operate primarily in hong kong anyway. hong kong definitely want to them, but they do not allow these dual stock structures. it was a tough sell. there is a report that the hong kong exchange is trying to get the rules changed so that this does not happen to them in the future. >> this portion of "bloomberg surveillance." brought to you by ludens cough drop. >> i spent the entire weekend in bed. i have my ludens right here, lest there be any

others say they believe jeff bezos they have for a long time.ring future cash flows and not about the reported earnings near term and that goes to the basic idea which we'll deliver things to you faster and faster with shorter and shorter lead times and we'll spend an enormous amount to do it but we'll lock up the customer for the long term and generate a great deal of loyalty. this will be programs the first test of that. >> and it's not really -- to the point you're making it's not important whether they lose the customers now it's about how they are positioning that whole ecosystem for two or three years down the line. they'll add a lot of services with streaming, streaming music in addition to the video services. >> music is not necessarily a part of prime at this point. i haven't seen that. there was an expectation that might be the case but at this point it's unclear what that -- or how that, what form that's going to take. of course, streaming movies, they would say we're almost the equal of netflix and they have been spending money, many

. >> that is jeff bezos promoting the kwas dee ya. >> thank you very much, jane wells. thanks for watching "street signs." "closing bell" starts right now. >>> and welcome to a very special edition of "the closing bell." i'm kelly evans here at the rise forum at the university of dayton in ohio. this is an event, bill, featuring current and future leaders of finance. there's some added excitement here on this campus because the dayton basketball team, a cinderella story, playing in the sweet 16 tonight. there's a little bit of a stimulus package here in dayton as these t-shirts are selling like hot cakes. >> they are the cinderella team this year. you got to bring me one of those t-shirts. please, i'm begging you. >> i'll try. it's hard to get your hands on one. >> i'm sure they are. i'm bill griffith still here at the new york stock exchange. this stock market is also looking for its own cinderella story today, fighting to get back into the green territory. the dow has been on either side today of unchanged. now down 21 points. kelly, we're going to explore whether thi

. >> he's taking a page out of jeff bezos of amazon.com, looking well into the future. >> wonderful.trategy how he plans to integrate this with the base. >> dennis, i want to bring new here. clearly, this is his strategy right now. this is not his first major acquisition. he's on a buying spree, and he's trying to grow this company. facebook doesn't have an operating system like apple and like google, so maybe he has to take these risks. >> we just don't know and we have to be honest with ourselves that maybe this will turn out to be a great bet. some other passenger i the management focus needed to keep track of this acquisition, it's almost as if kellogg's got into the meat processing business. shareholders want focus from their managements and if this were any other company in any other business, they would probably send that stock down even further than they did today. >> dennis, one thing somebody said today this i think is interesting, they reminded us there's a two-class stock. in reality when you buy into facebook, you're buying in it knowing you have no rights, you're buying

. >> more than bezos and the drones the other week with -- >> right before the big monday, right?yeah. >> i mean i don't know. musk is, i think that -- i'm in awe of the guy. i'm not -- no sarcasm there. the guy did risk everything. but the upshot of the piece was if you're short the stock, it's just not going to come in as soon as you think. agree? >> i suppose. >> i mean -- >> i don't know that that audience and the audience that would be short the stock are in any way -- >> let's do publicity. gm hot seat gets hotter. rather buy a gm than from a man trying to decide whether to put -- to be the first man on the sun, where it's very hot? >> apparently it's very, very hot on the sun. >> ever see richard pryor's imitation of first man on the sun? >> no. >> one of the great. >> they do seem to be managing that last mile distribution chain. >> yes. >> got the deal in ohio. now this compromise with new york. better than trying to fight 50 dealer network around the country. >> yeah. if -- they want to buy one, everybody knows buy. you can go online, buy it, have enough publicity. gover

bezos has them believing, that being his shareholder base. come anytime soon if you are a retailer out there trying to compete with amazon? >> i think my prediction what will happen is they're going to have a quarter where their revenue growth is 19% not 25%. at which point people will start looking and saying, wait a minute, as "the financial times" pointed out a few weeks ago, even if they grew at 25% per year and raised their operating profits to a more normal 6% to 7% level the stock is still selling for an incredible multiple. and the revenue growth slows and the things unravel very, very quickly. >> are you glad to be out of it, tom? i imagine you are, aren't you? >> i'm having a lot of fun working with small businesses. >> sure. >> and, you know, they are still growing despite all the headwinds we face as retailers and that's a lot of fun. >> hey, it's good on see you again, sir, thank you for sparing the time. tom stemberg and foe counseleder and former ceo, of course, as well of staples. have a great weekend. >> thank you. >>> we're

bezos survived it and very few people did. and the ones that did have done fabulously.member, he sold at the high. >> broadcast.com and yeahoo! collared the stock. he's seen the highs and lows. >> people talking about the american flag at that backdrop at that presentation yesterday. >> at the chamber of commerce. >> does it send a message about who he'd like to talk to more? >> i don't see him in kansas, in overland park where dan hesse is. l.a. >> silicon valley where they have an office. he's trying to really get a lot of the people there. he doesn't spend a lot of time in kansas. >> it's interesting. because if he has the technology that he's saying, i'll switch. i mean, we'll all switch. >> if i can get ten times what i'm getting in my home i'll switch at the same price or lower. >> if i were the justice department i would say give us that. >> do i want to be in a business where competition is coming down and spending billions upon billions to deliver better service? the returns don't seem to be that alluring and i asked him that and he said he wants a reasonable r