but it's not at all related. >> bill gates had been very successful.ey. he may very well have thought that given what he had already accomplished, the highest and best use of his remaining years was to spend that money helping humanity. >> it was just a few months back, if your company ended in dot-com it was a good thing. but at the end of this brutal week on wall street, a lot of analysts think the internet bubble is ready to burst and by this time next year, a huge number of those dot-coms might be dot gone. >> a year ago, investors were so eager to buy into the internet they were happily ignoring traditional measures of success. sales, profits and growth. but reality has now set in. >> these upstarts didn't have any income. they were saying we are worth billions of dollars. where's revenue? they didn't have any. >> when the venture capitalists stopped putting money in, you could time the bubble. you could say you know, if we all believe this fantasy it works. if some of us stop believing, it's a prelude to its failure. >> most dot-com retail compan

i want to change will.i.am to macro free, bill gates. why not shoot and aim that way?ur dreams have a great execution squad. i want to surround myself with votes that reflect my new dream. if i can do it, coming from the ghetto, you can do it too, you just have to surround yourself with engineers and discipline future thinkers —— disciplined. if you could live in the conditions you're living in an dream this way, should be a cakewalk. the multi— award musician will.i.am speaking there. let's look at the markets now before we go. a lot of gains in asia, the markets that have opened, including the hang seng and the all ordinaries in australia have been rising most of the morning and doing well because we saw wall street doing well, those stocks rising with the technology stocks like facebook and google parent alphabet doing well. we've been reporting about the stopgap measures as well finally being passed through in the us am so that's also going to reassure a lot of investors. looking at australia still, looking at the energy stocks rising in tandem with oil prices. woo

if you try to be as big as bill gates and don't succeed, you will be bigger than michaeljackson. always sounds so easy you just follow your dreams did it there could soon be news of a deal between britain and the eu that did it that will allow brexit talks to progress to the next stage. uk prime minister theresa may and brexit secretary david davis have travelled to brussels after holding talks overnight on the future status of the irish border — the last remaining ‘divorce issue' that must be resolved before trade talks can begin. financial regulators have reached an agreement to harmonize global banking rules. the deal — known as basel iii — is the culmination of a decade—long effort to make banks less vulnerable to another financial crisis. it still has to be ratified by individual governments. but there has been some relief in the industry that banks won't have to raise as much capital as initially feared. and now — what's trending in the business news this morning... business insider calculates that google and facebook now account for 25% of all advertising revenue, online o

and this young guy named bill gates had started this tiny little company called microsoft. >> bill gatesual combination of a tech guy who was as good as the best tech guys, but he also had a business sense, and a business vision. >> at the time, everyone was making it up as they went along. there was nothing that came before it. there was no personal computer industry. so when gates said to ibm, how about this, we'll write you're operating system for your pc, and we'll get a cut of every machine you sell, and in addition, he made sure it wasn't an exclusive license, that he was going to be able to sell the software to ibm, but he was also going to be able to sell the same software to other people, because gates intuited that there would be people that would build knockoffs of ibm in the pc clones. >> it was a genius move who was still in his early 20s. and you've got these guys at ibm in blue shirts and dark ties looking at this company microsoft and saying, who cares? software, who cares about software. we build these big machines. >> ibm did not realize it was essentially handing all t

bill gates. he takes part in the gift exchange every year. >> megan wants to fund her own no kill cat shelter. he got her a kutsdy toy and donated $750 to three cat shelters. >> lindsey von has also taken part in the gift exchange. ours is like food. cookies. >> a little bit lower scale than bill gates. >> just as meaningful. >> speaking of meaningful, guess who has got the best record in the nba. move over, rockets. warriors got a career on christ. let's look for ourselves. steph testing his ankle in pregame. i say he is good to go. this is good to go. alonzo and larryenance jr. over the to which clay thompson. kevin durantt is dominating the scoring and hits the three ball and goes for 33. in addition for a little pin-o-rama. bounced past for his 16. and they are up by eight. all is well. if he doesn't jump off the screen and it is so fundamentally sound and he can shoot backwards. she more spectacular. the steal and the travel and the euro step. a career high 20 points for the rookie. the four

bill gates. he takes part in the gift exchange every year. >> megan wants to fund her own no kill cat shelter. he got her a kutsdy toy and donated $750 to three cat shelters. >> lindsey von has also taken part in the gift exchange. ours is like food. cookies. >> a little bit lower scale than bill gates. >> just as meaningful. >> speaking of meaningful, guess who has got the best record in the nba. move over, rockets. warriors got a whoa! the mercedes-benz winter event is back and you won't want to stop for anything else. [ barks ] ho! lease the cla250 for $329 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. really? really? really? really? really? see zero in a whole new way. get zero down, zero deposit, zero first month's payment, and zero due at signing on select volkswagen models. now with the people first warranty. >> steve kerr said he is chance that steph curreny is not going to play on christmas day. let's look for ourselves. steph testing his ankle in pregam

bazos at amazon, bill gates and warren buffett, those are the three guys i referenced who have more wealthn over half the country. what do you make of that reality? >> it's the thing that is most striking to me is the other part of what you said which is put that next to the number of households with zero or negative wealth. >> yeah. >> then put maybe the next 20% have very little to fall back on. we're not just talking about very poor people, we're talking about 40, 50% of the population that doesn't have a lot of reserves. and then i think we're looking at a essentially a concentration of wealth and power that's kind of fueled. how do you have this conversation without hating on rich people? >> well, one thing i think is important is -- i've been having the opportunity to talk to wealthy individuals, philanthropic groups. these extreme inequalities are bad for everybody. of course, they're obviously bad for people who are socially excluded and poor. but you don't want your children and grandchildren to live in a kind of economic apartheid society. this is what i say to people in the 1%.

and while we were at microsoft, bill gates was talking about someday the data business for you guys will than your television business. i said to bill, would you consider investing in our industry? because we are putting all of these fiber optics, this thing no one had really heard of. wall street hated it. our stocks were low. we were spending capital. this is one of those cycles where you can not always know the answer, but feel like you should invest and hope that it will work. and he said, i think fiber will change the game for you. how can i help? i said why don't you buy a percentage of the room, and then everybody laughed. and i said ok, just buy comcast. and he put $1 billion from microsoft into comcast. non-voting stock, no board seat, no microsoft products. david: what kind of return did he get on that $1 billion? brian: 400%. and it started the broadband wars that have been the beneficiary by consumers the last 20 years. david: are you worried that maybe people will say, i don't want to buy my cable tv and will get everything through the internet? is that a problem you have? b

bill gates.takes part in the gift exchange every year. >> megan wants to fund her own no kill cat shelter. he got her a kutsdy toy and donated $750 to three cat shelters. >> lindsey von has also taken part in the gift exchange. ours is like food. cookies. >> a little bit lower scale than bill gates. >> just as meaningful. >> speaking of meaningful, guess who has got the best record in the nba. move over, rockets. warriors got a career >> steve kerr said he is 99.9999 chance that steph curreny is not going to play on christmas day. let's look for ourselves. steph testing his ankle in pregame. i say he is good to go. this is good to go. alonzo and larryenance jr. over the to which clay thompson. kevin durant is dominating the scoring and hits the three ball and goes for 33. in addition for a little pin-o-rama. bounced past for his 16. and they are up by eight. all is well. if he doesn't jump off the screen and it is so fundamentally sound and he can shoot backwards. she more spectacular. the steal

so much great publicity on the likes of rachel maddow shout in the washington post the likes of bill gates the philanthropist the guy who's giving away his billions warren buffett they're helping all the people of african asian blah blah blah but here he says our billionaire philanthropist like bill gates fund it water treatment around the world but they don't fund it here in the u.s. because no one acknowledges that this level of poverty exists in the richest nation in the world because nobody in the washington post or. may traumatic show but want to cover the fact that the poverty exists right here in your own backyard this can explain a lot more about what's happening in our political system our own economy stupid then somewhere overseas oh that's right they don't want to cover it nobody covers it it's extreme poverty it's right here in america backyard people are dying from intestinal you know failure due to parasites that are right there there's no infrastructure and they've been sacrificed look the fact is that the people in there are being sacrificed they're being killed they're bei

you have now had to follow bill gates and steve ballmer, two legendary figures.ou feel at that time you were really ready for the job following those legends? or were you saying i could do a better job than they did? satya: the best advice i got from both bill and steve i think helped me a lot. because they're clear message was, don't try to be like us. don't even bother to sort of say, oh, i am seceeding these people. just be your own. in fact, i remember very distinctly, even during the interview process the board was conducting -- they asked me, do you want to be the ceo? and i said, only if you want me to be the ceo. the feedback i got was that people who want to be ceos are like, i want to be ceo. i said, look, that is not me. i remember when i was going talking to steve, and he said, yeah, just be yourself. it is too late to change. david: since you have been the ceo 3.5 years, the stock is up, i guess about 120%. when you go to your annual shareholder meetings, do you get a standing ovation for what you have done? satya: no, i get a lot of people asking me

gates...o bill now b >>> billionaire bill gates played secret santa and made one woman very happy this holiday season. >> mr. gates, maybe i should call you bill now because we're like bffs, but i have to tell you this is easily the best christmas present i've ever gotten. >> gates participated in a gift ex-chain, and she was a cat lover, so he gave her a large stuffed cat and a dozen other items. he included a photo of himself next to the stuffed animal to prove it was him, and he made three donations to her favorite cat charities. >> that's his christmas card picture. [ laughter ] >> all right, we're cooling down outside. it's going to be the coldest night for some of you since early january of this year. we're down to 44 in livermore. down to 48 in concord. quickly into the 40s in santa rosa. now proximity to the water will help you out a bit. tonight more 20s than any other range of temperatures on the map tonight. fairfield 25, concord, livermore all below 30 degrees and 31 in san rafael tonight. air quality will become an issue once again as yet another ridge of high pressure is

over the keys to democracy for him to come bring amazon second headquarters there we talked about bill gates not quite worth one hundred billion dollars but he is a philanthropist giving a lot of money to help create clean water over in africa and we found that the people of alabama and the his own home country which has made him so wealthy well he's not helping out down there so much and now we turn to warren buffett yet another one of our favorite cuddly billionaires he's the most cuddly of all actually and he's in the news because you know we've had hurricane after hurricane many natural disasters but we also have the baby boomers retiring this has created . basically a backlog of people wanting mobile home. mobile homes are so expensive now hurricane victims can't afford them the industry led by warren buffet's clayton homes peddling such pricey interior designer touches as breakfast bars and his and her bathroom settings these extras plus manufacturers increase cost for labor and materials have pushed average prices for a new double wides up more than twenty percent in five years puttin

he follows bill gates and steve ballmer. that is not easy.when the names were circulating as steve ballmer's replacement, none of the internal candidates were driving any enthusiasm among employees, including himself. [laughter] candidhe is incredibly about the cultural problems he felt that microsoft had when he came on. and how broken he felt the company was. in what way? that employees were not empathetic toward each other and there was a competitive culture that business units weren't aligned in a single direction. this is a company that we all think we know and we have all used office. we know there products. we know the bejeweled history and the place in american culture. thatve someone that candid needs to reinvent that, i found that particularly moving. julia: how do you reinvent a culture with former ceos that were so pivotal in their own way in the time that they existed at microsoft? carol: kendall out an outspoken. megan: there were a lot of employees in the room. if you meet him, one tip i would give executives is, he's very unas

let's look at the guardian the picture you can see, richard branson, bill gates.is all those meeting in paris yesterday. macron at the forefront saying that we must keep this agreement to the forefront. other big names in business. perhaps there are two separate but related features. it is saying it will no longer provide loa ns for fossil saying it will no longer provide loans for fossil fuel exploration except perhaps in the most dire case. when people need access to energy. part of this story concerns a task force. this is when financial firms, through their accountancy, will show the amount of money that is lent to a firm involved in global warming. this is about the establishment, the financial establishment, the financial establishment coming clean and pressing down perhaps on fossil fuels which is great the environment. that could be that our energy bills will rise. companies like exxon mobil is saying they will release the news of the impact that their energy policy has, something their energy policy has, something their shareholders have been pushing for.

next on the "gps," bill gates and warren buffett have as much wealth as the first half of the poorest inequality come from historically? it seems to have started with big, strong horses and cattle. i will explain when we come back. haperson who opens it. ♪ give ancestrydna, the only dna test that can trace your origins to over 150 ethnic regions- and open up a world of possibilities. ♪ save 30% for the holidays at ancestrydna.com let's get the one with the candy canes. well, you know, the wrapping paper doesn't make the holidays. it's what's inside that counts. it's a phone for mom. okay, well, it's also what's inside the phone that counts, too. circuits? no, the network. so the network is inside the phone? well, no, the network's around the phone. and verizon is the most awarded network ever. that's why more people count on it. here you go. (announcer) a gift is only as good as the network it's on. so give any google pixel 2 and get $300 off with no trade-in required. we that's why at xfinityic. we've been working hard to simplify your experiences with us. now with instant text and e

next on gps, bill gates and warren buffett have as much wealth as the first half of the united statesopulation. so where does inequality come from historically? it seems to have started with big, strong horses and cattle. i will explain when we come back. i love you, droolius caesar, but sometimes you stink. febreze car vent clip cleans away odors for up to 30 days. because the things you love can stink. was supposed to be a wake reup call for our government?sh people all across the country lost their savings, their pensions and their jobs. i'm tom steyer and it turned out that the system that had benefited people like me who are well off, was, in fact, stacked against everyone else. it's why i left my investment firm and resolved to use my savings for the public good. but here we are nine years later and this president and the republican congress are making a bad situation even worse. they won't tell you that their so called "tax reform" plan is really for the wealthy and big corporations, while hurting the middle class. it blows up the deficit and that means fewer investments in edu

know, not just companies, we get unusual companies -- we got apple who are working, i mentioned bill gatesng together. steve jobs was at the very beginning of this. and helped us design red. they're rivals, right? >> jimmy: yeah. >> but you have democrats and republicans who have worked so close together to save those 21 million lives. and america should be really proud.rs and applause ] >> jimmy: if you pardon me a sei have to take a quick call. he what's that? for real? wow. thank you. i just got a very exciting c if you enter to win one of our many celebrity omaze experiencee great partners that supp red, will matcevery dollar you bid during the show tonight, up to a million. so go to omaze.com right now. and coke, as you can see here, will double the amount of good you do. see, that's an example right there. >> coke adds life, i guess. >>saves lives. thanks to coca cleel. and if that doesn't convince you to help, maybe this gentleman can. he's currently unemployed. here he is, ladies and gentlemen, president barack obama. >> hi, everybody. this world aids day everyone has a role to pla

robot taxes, an idea that bill gates came up with.arily, we have had the gig economy but we have not adopted regulations very quickly to that and we have ended up in situations — the question is, can we move faster on this trend? and finally, the daily express, new pensions disaster, rip—off fees, we knew this, didn't we? we did, it seems the city regulator has come out with some new data to show that most people are staying with an existing provider when they ask the provider to take it out and put it into something which is more accessible to them. and the provider typically charges higher fees. fees are the kind of things which can destroy your pension, if you listen to warren buffett, he said that's the surest thing to make you poorer. these were very controversial measures, giving people access to use their money as they wish rather than to purchase an annuity. we're really starting to see more and more data that raises the question as to whether people will be financially better off as a result of this. but putting power into pe

machine can buy a burger or the governments or it shoots or whatever so that's why it's you know bill gates was talking about the one time. put a tax on robots and that will slow down the way machines are taking over jobs or the approach which is being discussed in germany or other like richer countries obviously because they can afford it is out of the general income the idea that everybody which is a member of the state gets a certain income without being expected to work but you don't you think the people there not do anything at all while that's that side to it which people think i do think it's got all that all of us have a certain position just like for something bigger and better something like i mean if you have a general income you could also say it's a positive sign because i can basically say you're safe you have spent your time in education and you can build something great. so instead of getting a general income what what if they gave you free education well that's what we're trying to do anyway so i think if free education i'm down on top agree and i want to. save a book i cou

he follows bill gates and steve ballmer. carol: that is not easy. megan: it is not easy.his and in the book, he says that when the names were circulating as steve ballmer's replacement, none of the internal candidates were driving any enthusiasm among employees, including himself. [laughter] carol: he is incredibly candid about the cultural problems he felt that microsoft had when he came on, and how broken he felt the company was. julia in what way? megan: that employees were silent, did not talk enough, that they were not empathetic toward each other and there was a competitive culture that business units weren't aligned in a single direction. this is a company that we all think we know and we have all used office. we all know the products, we all know it's bejeweled history and the place in american culture. to come in and have someone be that candid about really needing to reinvent that is something i found particularly moving. julia: how do you reinvent a culture in something so established, and with two former ceos that were so pivotal in their own way in the time t

chief executive officer at microsoft, he was only the third person to lead the company, behind bill gatesllmer. satya: i grew up in the company that bill and steve built. and i am very proud of it. megan: in his book, "hit refresh: the quest to rediscover microsoft's soul"

if bill gates has an issue. >> we have rick gates, the guy who worked with man ford. >> would that call gates gait? no. that would end it. the white house hosts a lot of holiday events. a star studded reception last night because scott bay oh was there. there he is, tv's chat ji, was joan i was there erin moran as we know posted away earlier this year. >> i did not know that. >> he posted himself on twitter taking a turn at the podium. objection to theor were invited by the president to tour the president's residence which includes cot bay oh. >> president trump has reassured us we're allow to say merry christmas. merry christmas to you even though it's not christmas yet. one man may be taking it too far. david sanchez posted this. this is a christmas pizza that he made. oh, no. is that actual -- that's the sound you make after you eat it. >> candy canes -- are those slices of peppermint gum. >> no, it's cheese. >> it is cheese. what goes with cheese better than peppermint? at least it will hug your stomach. >> no. >> after seeing this, no more merry christmas. i'm not ig sa it anymore.

cook, like where they called bill gates in, that's another issue. hillary, see you later. >> thank you. >> the republican tax cuts expected to bring a windfall of overseas tax dollars from the biggest players, lowering the tax allowance companies like apple and microsoft home or repatriate, huge piles of cash they've got stored overseas. apple has more than $250 billion in foreign cash stored overseas. but remember when apple ceo tim cook took issue with accusations that apple is not paying taxes, well, listen for yourself. >> here's what they concluded, apple is engaged in a sophisticated scheme to pay little or no corporate taxes on 74 billion in revenues held overseas. >> that is total political crap. there's no truth behind it. apple pays every tax dollar we owe. adam: every tax dollar we owe. that's the key. it's like the scene in casablanca. shocked to find gambling here, you're winning sir. joining me now is the federalist bre payton. i beg to differ because the paradise paper reveals apple created a tax haven offshore to side step the 2017 s

over the keys to democracy for him to come bring amazon second headquarters there we talked about bill gates not quite worth one hundred billion dollars but he is a philanthropist giving a lot of money to help create clean water over in africa and we found that the people of alabama and his own home country which has made him so wealthy well he's not helping out down there so much and now we turn to warren buffett yet another one of our favorite cuddly billionaires he's the most cuddly of a.

look at what happened to bill gates. he did not give away right away. abigail: it takes time.bigail: bill gates and warren buffett, based on a bloomberg news article i read one month ago, said both of those individuals would eat much wealthier than jeff bezos. that is how much money they have given away. what will jeff bezos do with his wealth? david: and they continue to give away. it is impressive. you have to give. you cannot rule out the possibility it will not get to silicon valley. it will get to jeff bezos. coming up, the open on bloomberg markets. a conversation with oppenheimer. live from new york, this is bloomberg. ♪ jonathan: from new york city, i am jonathan ferro. this is the countdown to the open. ♪ the tax bill awaits the president's signature. equity, bowls ponder what is next -- equity, bulls ponder what is next. bitcoin plunges as wall street gets more comfortable with it. ending the year the way it started. europe worrying about politics. separatists in spain win regional elections. hunting down to the opening bell, it is officially the mission to get to th

bill gates and warren buffett are no longer the richest people in the world...grant) if you are looking for a new year's resolution that benifits others... we have a few tips on how to help the environment. (grant) rainforest scientists and environmental (grant) rainforest scientists and environmental experts came up with a 20-17 year end environmental review. (catherine) they're highlighting the most pressing environmental problems of 2017... and they're suggesting new years resolutions for people who want to help. alexandra limon reports from washington. ((ááápkgááá))the rainforest trust is highlighting what it calls the biggest threats to the enviroment.dr. paul salaman / rainforest trust, ceo because it's been such a horrendous year for environmental impacts in the us.some are the result of political actions - like withdrawing from the paris climate accord and rolling back the size of some of america's national monuments. alaska's arctic national wildlife refuge had been protected for decades, it will now be open for drilling. although that's a good thing fo