and the other is bitcoin.pple pay is the thing that is freaking out all the financial services companies. apple showing up to the party and saying we will now be in the center of payments has caused a collective heart attack. there are payments companies that are aligned with apple that are like, "yeah, we figured it out." there are payment companies that are not, that are having a stroke in real time trying to figure out the implications of apple pay. they figure google will respond to apple pay with a google pay that will work the same way with android. >> google wallet has not worked out. why didn't it, and how optimistic are you that apple can get it right? >> this is what is interesting about apple pay. apple pay is viewed by the payments industry as revolutionary, but it is the most consistent with the existing payment system of any of these new systems. what is surprising is how many things don't change with apple pay. you put in your credit card. >> are you saying it's not that innovative? >> it's inno

bitcoin is the exact inverse of that. bitcoin is truly radical.rypto currency more broadly is truly revolutionary. a fundamental breakthrough in computer science. a completely different way to do transaction processing. potentially a replacement for a very large amount of the status quo. bitcoin is by far and away the most innovative and radical thing. it will have the most impact over the next 20 years. apple pay is the thing that will have the impact in the next three years. the combination of those two will cause enormous change. >> you have been a big supporter of bitcoin. the price has plummeted. >> and come right back up. >> do you allow for the fact that you could be wrong about bitcoin? >> absolutely. look, bitcoin for us is very much -- the saving grace about the venture -- we are venture capitalists. i think like a venture capitalist. the nature of venture capitalists is we make 10 bets. we assume that five will go straight to zero. frankly, i do not think anybody knows one way or the other. but if it does work, it could be profound and

>> i do not think you will see bitcoin get wiped out.to get wiped out coming basically shut the power down in the world and turn off the internet. companies providing transaction verification services such as us they all need to turn off at once. if that happens, we have a much bigger problem. i am worried about food water, and i probably need to buy a gun. it is a much different problem. cory: we will keep an eye out for the end of that. should civilization and, we will look for you. charles, thank you very much. "bloomberg west" will be right back. ♪ cory: space is full of mysteries, including this one. mysteriously exploding in orbit last month -- what happened? investigators are not telling us. but now we have an expert on all things secret in space. geographer and author of blank spot on the map and academy award winner for cinematographer . congratulations on the documentary about edward snowden. you have done a lot of work. regular viewers of the show will notice my mug that you actually made. i want to show you this patch which i

a bitcoin theft.et the latest headlines all the time. more bloomberg west tomorrow. ♪ >> from our studios in new york city, this is "charlie rose." charlie: the syrian civil war has been going on for four years. in march, 2011, protests against president bashar al-assad have been met with violence. jordan, lebanon, and turkey have almost 4 million refugees in their countries. the conflict also led to the rise of isis.

bitcoins seized by the underground drug and murder peddling website. 50,000 bitcoins are on the blocktalist got 32,000. barry got 48,000. they might be winners. except they paid a much higher price in the current trading price of bitcoin. are they winners? are they not winners? guest: well, the bitcoin market is liquid. so in the short run, i think they're kind of losers. you could go out and buy at a cheaper price today. if they hold it long enough, you know, we're a believer in bitcoin. they should hopefully do well on that investment. but right now it will be interesting to see how this auction goes. i think there will definitely be an inclination to bid at discount to market which is what we did in the first auction. cory: so you did bid in the first auction? congratulations for not winning. i wonder if, you know, i think about this a lot, i'm so interested in block chain and not bit coin. but i wonder if the excitement that people sort of catch on to sometimes, with the possibilities of the block chain, fool them into buying bitcoin. guest: i think what we have now and the ecosys

bitcoin is the exact inverse of that. bitcoin is truly radical. crypto currency more broadly is truly revolutionary. a fundamental breakthrough in computer science. a completely different way to do transaction processing. potentially a replacement for a very large amount of the status quo. bitcoin is by far and away the most innovative and radical thing. it will have the most impact over the next 20 years. apple pay is the thing that will have the impact in the next three years. the combination of those two will cause enormous change. >> you have been a big supporter of bitcoin. the price has plummeted. >> a lot has been made about the power of the sharing economy, in companies like uber and lyft. which i know you are an investor in. you recently tweeted, "perhaps the single, biggest key enabler for the sharing gig 1099 economy in the u.s. is the affordable care act." a.k.a. obamacare. i know you have been a republican donor, and some republicans want obamacare repealed. what would you say to them? >> if your health care is not tied to your employ

bitcoin barely moved in 2014. is the virtual currency stalling. >> that's not true. the transactions have doubled from 40,000 to about 100,000 a day so the usage is more but the price is not reflecting this currently. but this is just a phase i would say. >> i read in m.i.t. technology that it was flat in 2014. >> the confusion is how you measure it. the transactions per minute per day are going up. >> are they used for other purchases? most is online gambling. is it still those areas like online gambling and goods and services? >> these areas are still one rival of bitcoin. but in the past before we have elicit purposes to use bitcoin and now the numbers are rising so fast. >> thank you very much. guys coyno is a company that lets you track the bitcoin usage so they're trying to alter the landscape and prove it for regulations especially here in europe. back to you guys. >> thank you. we'll leave you with a look at how futures are trading ahead of the open on wall street. we did see a rebound. the dow, s&p and na

guest: i don't think you're going to see bitcoin get wiped out.se what would -- you need to shut the power down in the world and turn off the internet. because companies that are providing transaction verification services such as us, they all need to turn off. they all need to turn off at once. if that happens we have a much bigger problem -- problem. i'm going to my farm and i'm worried about, you know, food water, i probably need to buy a gun. it's a much different problem. cory: good to know. we'll keep an eye out for the end of this. should civilization end, we'll look for you. we can't call you, because the phones will be out. charles, thank you very much. "bloomberg west" will be right back. ♪ cory: i'm cory johnson. this is "bloomberg west." space is full of mysteries, including this one. the defense satellite miss tearsiously exploding in orbit last month. what happened? investigators aren't telling us. another mystery. a patch worn by the crew of a secret government space mission depicting an octopus smothering north america. i spoke to

federal agents, bitcoin.p, the world's's biggest online luxury retailer, valued at $775 million. the owner a 10% stake in the company. the founder will be the ceo and founder and natalie will be the chairman. ? and -- ashton martin. >> they have done a stunning job and laid down the road for us. from our point of view luxurious. he went on to say they are not partnering with tesla. cory: another example, the final four in indianapolis. fans wanting to see kentucky finish an undefeated season are bidding up prices. the average retail sale for tickets $1900, a record and 25% higher than the previous record set last year. a group of the world's's most successful musicians have unveiled an artist owned music streaming platform to they want to challenge spotify, pandora and the like. jay-z, madonna, usher, nicki minaj, what a list. it is designed to give more moneys -- more money to this is -- and the musicians who made the tunes. jay-z: what title cory:. joining me now, bloomberg's david. let me start with you. d

bitcoin today has not really been connected to the capital marks.he bigger institutions getting involved corporations and financial firms, that it should both smooth out the volatility and help increase the market cap. >> it's really not just institutions. i mean you mentioned financial companies. the new york stock exchange is investing in bitcoin companies and the nasdaq is joining in. what's the opportunity for them for the big exchanges in the united states? >> well, i think really bitcoin sets the standard for how the capital markets are going to evolve and that innovation is starting today. i think certainly our deal with nasdaq really sets the tone that 2015 is the year that major financial institutions start taking advantage of bitcoin and securities. >> it does seem there's this sense from the exchange of we don't want to miss the wave if, in fact, it does become transformational, but it doesn't really feel like bitcoin is a mainstream phenomenon or close to it yet. i'm wondering what this deal with the increased liquidity and what potentia

we could use bitcoin as our currency.out the idea of settling trades and helping banks. if you use bitcoin or other digital currencies, there is the sort of merge between an outside banking system. matt: she is not saying use it as money, but rather a contract for ownership and it makes a lot of sense, actually. julie: it is also a step toward legitimizing bitcoin. you have seen a pretty big setback for it in recent months. matt: we don't need bitcoin to be legitimized. [laughter] the strongest dollar in more than 11 years is coming to stores across the u.s. it will take time to gradually ripple through the economy. lower costs for imports and then in prices paid by consumers. this is exciting. julie: if you look at apparel imports into this country 97% of the clothing that is sold in this country is made in other places. it makes sense that if the dollar because of the action we see in the dollar, that costs are falling. alex: apparel, electronics automobiles. not all that much made in this country in those three major c

alix: ibm may be turning to bitcoin. allow customers to make payments or transfers without going through a bank. you're the bitcoin resident expert. is this a big deal? matt: it is a big deal to see a big smart company like ibm saying it is going to adopt block chain technology. it is the building block of bitcoin, and it will help the currency go beyond being used as money. they are not going to use it in a decentralized way that block chain is supposed to be used, so they do not know what is going on with bitcoin. alix: cory? cory: bitcoin is so revolutionary and so important is the price does not matter one bit. the bill obtained all -- the block chain technology is it so important. the potential for this to really change the way that money works around the world is all about that watching technology. that is the innovation, that is why it is hottest investment sector in silicon valley. you will really change how money will move, history of contracts, it will be revolutionary. alix: get excited, the bbc is developing

>>>two former federal agents are accused of stealing the digital currency bitcoin. they were part of an investigation into the online black market known as silk road a site where people could drive drugs and other illegal its and bitcoin was an accepted currency. two agents face money laundering and wire fraud >>> comedy central named an heir to the throne. a replacement for "the daily show" jon stewart. john terrett joins us. this choice was a surprise to everyone. >> it was, it's not you or me. it was a surprise. 60 years ago a fledgeling comedy central tapped jon stewart. now with stewart and colbert existing experts are banking on a virtually unknown comedian to take it forward. >> for a lot of americans africa... >> after jon stewart announced he would leave "the daily show," speculation over his replacement was intense. the mystery is answered. the choice is south african comedian trevor noah. >> on the hip hop station they sense a hip hop. it's a hip hopping. >> reporter: trevor noah south african, joined the award-winning show in september. >> the photo on t

the feds have the option all bitcoin seized, and they had held three options so far.will be right back. ♪ cory: this is "bloomberg west," and i am cory johnson. replacement for jon stewart, trevor noah, and he joined as a contributor last year and has been on the show exactly three times, but he is a veteran comic. he hosts his own program in his home country of south africa and joining us is a senior producer of a video news network, and so, three times? that is crazy? guests: three times in a very short space of time. his debut with in 2014, so he is absolutely a newcomer. it is a bold choice for comedy central and viacom. a comedy background outside the daily show is sort of what helped him. cory: he has 2 million followers and is on instagram and youtube. this is a cliche, a digital native. versan: he hosted his own comedy show in south africa when he was only 25 years old, so he has been doing this a while, and yet been in the social media game for a while. jon stewart is famously anti-twitter and antisocial media, so i think viacom made the right choice in going

the district refused to pay $18,000 in internet currency known as bitcoins. the hackers demanded as ransom. parents are breathing a sigh of relief that all student data was stored on a remote offsite server. >> anybody that's smart enough to figure these things out, they can get access whether through the school system credit card or another way. it's a shame that's the kind of world we live in. >> classroom computers are slowly coming back online. students also resumed testing on the computers. the district must rebuild its servers from scratch. >>> how about this temple continues its run in the national invitational tournament tonight. they topped george washington on sunday to advance in the n.i.t. they face off now against louisiana tech. they beat texas a&m on monday. it's very dangerous when i work on one of these brackets. mine is a mess right now. that game you see right there, tonight, tip-off is at 9:00. the winner moves on to the n.i.t. semifinals at madison square garden. >>> not in my backyard. this time it really isn't. complaints are building f

we're going to be talking to a bitcoin company. it's a bitcoin book coopkeeper. see what is going on there. also, there's augmented reality still some gadgets. we'll check them out. back over to you in the studio. >> thank you very much for that. we look forward to seeing more of the gadgets and the interviews that you've got lined up. >>> in the meantime a quick look at european markets. it's a strong day after a decent week last week. of course, in contrast to u.s. equities but today we've seen the xcac up about 1.8 and the ftse 100 up about 0.6%. >> after three straight losses the s&p futures pointing to a higher open. the big focus this week will be on fed policy. nasdaq up about 14 points. dow jones up about 70 points in premarket trade. let's get you a look what to watch. february industrial production numbers are out at 9:15 a.m. eastern. it's forecasted to have risen slightly last month. some able resists are concerned that the strong dollar may slow down the manufacturing dollar of the index. 10:00 a.m. the monthly sentiment survey from the national asso

online records indicate he was interested in bitcoin and had taken math and science classes where he worked on a robot. he is very smart. he became very aggressive about his islamic faith. he was always really passionate about his religion. we all knew that. it wasn't until junior year that he tried to convert me to islam. he would say my religion was false and it hurt. senior year, i thought he had stopped. he and the fbi believe the team became more discrete. prince william school tells us they are not aware of any potential threat to the school community. now, abc has confirmed a washington post report the teenager is being charged as a juvenile right now. prosecutors want to have him charged as an adult. reporting live in the manassas, i am tom r >> the u.s. ambassador to south korea is recovering after a man attacked him with a razor blade before a lecture in seoul. he was cut on his cheek and wrist. he was rushed to a hospital and he is in stable condition. witnesses say the attacker screamed about reunification and the end to war. the man is in custody. >> and unemployed priso

so once again, two former federal agents charged with bitcoin money laundering and wire fraud and weover that story extensively earlier on. we'll keep track of it for you. back to you. >> thank you so much. we are back here with york capital's jamie dinan. there's a lot of debate about biotech right now. you're familiar with the space. bubble or no boubl? >> it's hard to say. the whole area, like the human genomic stuff. a lot of people say it's the most exciting thing in our lives right now, really understanding the human physiology and all of the applications -- and advances we're going to be able to chief medically speaking. it's really out of my area of expertise. we're event-driven guys. the valuations are rich obviously. but you're seeing some real, real home runs. ten times their money. >> some of these small and mid cap have run so far so fast. >> as a group, you would think they're overextending. if you show the individual name, i guarantee you that's the one that's going to go ten x. we were talking during the break about etfs. the problem is that the etfs are the biggest b

. >> roger is a pioneer of bitcoin, the currency used on the dark net and raised money for ulbricht's defense. >> i spoke with him via sky. >> there's more dark net markets than before, more engaging in free trade. the government crackdown is driving dark net markets in an even darker direction. silk road, he says, at least sets limits. >> the silk road had a set term of service. forbidding everyone selling anything designed to harm others. they were not allowed to sell credit cards or important. now that the original is gone, markets. >> one of those sites, evolution, is the undisputed leader of the dark net markets that remain. >> every time we log in, this is what we see. >> this is the main page here. >> dan, a dark net researchers says hundreds of thousands of victims. >> this is carey. bank log-ins, there's 143 bank acts. >> there's probably thousands for sale. >> look at this. user name, password. mailing address. checking acts. that's someone's banking profile. this is way more serious and scary than having your credit card information. >> how has the user friendliness impacte

the hackers demanded bitcoins. >>> pennsylvania is heading in the right direction since 2010. the poll was released this morning. 39 say the state is heading in the right direction but 47% say it is off track. >> we're tracking fog and temperatures is shooting upwards, and then we have storms, a lot of stuffer going on. >> reporter: a lot of stuff going on. the best thing is the mild air. storm tracker 6 live double scan shows we are mild. as we look outside, we have fog down by the shore. in center city easy to see sky scrapers from our sky 6 camera in center city. and temperatures not as bad. 41 degrees in philadelphia for example. 39 in wilmington. 34 degrees a little bit cooler in allentown and just above freezing mark in reading. 44 on the boardwalk in atlantic city. the same story in sea isle city. satellite and radar showing up on future tracker 6, you can see the winds coming out of the south which is a good direction for us, as it taps into mild air. a front to the west, we're unstable. 9:30 doesn't look like there's much going on, we might squeeze out the morning com

they demanded $128,000 worth of internet currency known as bitcoins in exchange for eliminating a ransom virus from the woolwich school district. >> it's a shame because as parents we already worry about our kids walking down the street. so to worry about someone having their information is even more frightening. >> reporter: they say all staff-sensitive information and student information is at a off-site server and wasn't breached. the fbi and state police cyber crime investigators told the school today the hackers might get away with it. >> that's the message we got from law enforcement, that we'll probably never know. the best thing to do is just pick up the pieces repair what you can and move on. >> reporter: it comes after two days of having to work old school, using a simple pen and paper to take attendance collect lunch money, no e-mail e-boards or enter knitinternet whatsoever. some enjoyed a break from online homework. >> he's happy about that that he hasn't been able to get on the server. >> reporter: 1,000 computers shared by 1700 students at four schools will be fully functi

tom: do you agree that we move over to the bitcoin world? dr. shilling: i don't think so. a ponzi scheme. kabir sehgal: i don't think bitcoin is the future. 85% of the world's transactions are still in cash and i think the future is more credit card payment. olivia: how does apple pay change the way we think about money? kabir sehgal: when you go for starbucks, you are more likely to use your phone in different ways. olivia: i love that. the you spend differently because of that? kabir sehgal: sometimes. when you're not actually see in cash, you are not experiencing the part of the brain that causes pain. olivia: you're happier about the idea of making money. tom: can i read from page 204. truly, i tell you, it is hard to not read gary shilling's "age of deleveraging." [laughter] the book is "coined." it is a wonderful history of money and the anthropology of what money can do. olivia: thank you so much for joining us. we are going to head out to san francisco to preview the release of the hotly anticipated apple watch. what do you think? will the apple watch be as huge as

former executive masters the company plans to use bitcoin technology for record-keeping.nvestors helped develop the credit default swaps from a few years ago. smart glasses are getting ready to blast off into space. the maker of them struck a partnership with nasa to send the glasses into space and maybe even be used in space. the ceo joins me now. what would you use these classes for? pete: what they are interested in doing is working with our glasses, with ar applications to initially make their ground operations more productive and efficient and with the ultimate goal to take these into space. cory: fascinating because we have seen google glass get a lot of attention. there is an interesting article talking about these glasses and why nasa has chosen to go with these over google glass. nasa contacted google glass and they said we are going to give them to consumers. pete: this is a combination of a process where nasa went into the marketplace and did a search of all of the technology and platforms they thought were appropriate for what they wanted to accomplish. fortun

they skimmed bitcoin worth more than a million dollars. grand jury wants to question people who work for a congressman. he resigned a week ago after questions were raised about his spending habits. today will be his last day in the house. connecticut back in the women's final four. they rolled to a 21 point win over dayton. connecticut trailed at halftime for the first time in two seasons. they will play maryland, which advanced with a win over tennessee. those are your top headlines. tom: coming up on "bloomberg surveillance" -- the iranian talks, we will go to tehran. we will look at john mankin and his final essay. an essay on a janet yellen that will be delaying. david with nationwide with an optimistic tone. brendan: i am being -- to say go lady terps. i wholeheartedly agree. mike pence says the religious freedom restoration act had been grossly misconstrued. 20 states have turned to some version of the bill into law, only four have enacted nondiscrimination laws. jonathan allen is our bureau chief. help me untangle this. johnjon: i w

the feds have been auctioning off bitcoins seized from the silk road and have held three auctions sottom line and mark crumpton is coming up at the top of the hour. >> tomorrow is the deadline to reach a deal in iran nuclear talks and there are still major differences to work out. the international community wants to curb iran's nuclear activities. iran wants relief from crushing sanctions. indira lakshmanan is covering the talks in switzerland. peter cook is following the political back-and-forth in washington. back to you in san francisco. cory: thank you. "bloomberg west" will be right back. ♪ cory: this is "bloomberg west." i am cory johnson. the replacement for john -- jon stewart has been announced. trevor noah has been announced as the replacement, a comedian from south africa. i have known people on the show more than three times. that's crazy. >> in a short space of time. his debut was in december 2014. he is absolutely a newcomer. a bull for comedy central and by,, but in december 2014. his extensive, the background outside of the show is what helped him. cory: big shoes to

. >>> two former federal agents are accused of stealing the agency bitcoin.it was part of the investigation to silk road, a site where people can buy drugs and other illegal items. now they face money laundering and wire fraud charges. >> in switzerland secretary of state john kerry said he and his counterparts from iran and other world powers will be working through the night. there is less than 24 hours for them to create the framework of a deal for iran to curve their nuclear ram. >> it would focus on the number of centerfuges that iran is allowed to keep. they estimate that iran's in huges 10,000 are working that could allowed iran enough to enrich uranium sufficient to build a bomb. iran said they would bring it down to 6,000 and others are inspectors would be given access to said sites. the truth is, that there is a complicated political and strategic backdrop to these negotiations that may be pushing the u.s. and iran towards an agreement despite how little--not likely it seems right now. in the last week sunni-dominated saudi arabia has led airstrikes

a very smart kid, writes on line about %m faith and digital item, bitcoin, a teacher said he never reallytalked much about islam. he didn't seem radical, but just a normal american teenager. >> so what happened? he is? custody -- he is in custody right now? >> he is in custody right now and using oñ-line contacts to join syriañ[k -- >> when you say help, is help -- does that mean helping get a plane ticket? any idea what the help is? >> there are a lot of ideas, we don't know specifically what the help is. but we know the teen had contact with isis, not necessarily high level commanders but that he was talking to people overseas that this guy not much older than him would help him to connect with. >> and this guy is how old? >> 18 or 19? >> and what is th relationship? >>> i9 to find out. >> and this teenager did his parents talk -- >> his mom and his lawyer would not talk either. >> and the fbi is not talking? >> and the fbi is not talking? >> they are not talking, he is legally a juvenile, not allowed to talk. >> is this a hot bed, or is this a complete shock? >> well, i think experts w

they're considering adopting the technology behind bitcoin to create a cash and payment system.ng to reuters the company is looking at whether block chain technology could be used for transactions in u. s. dollars. a very interesting story that we'll continue to follow whether this old legacy company like ibm can make strides in this cutting edge palt space. >> a very big effort. >> now as part of our tech transformer series we have been investigating the latest trends and augmented reality and what opportunities there could be for businesses there. check this out. >> using the telephone. >> this isn't the augmented reality you might have imagined. it's clumsy and clunky and not as effortless as the movies would have you believe. >> it's like popping bubbles. >> one of the things we suffer from is hollywood making it feel hike it's already here and already available and so easy to use. the reality isn't always what the fantasy is. >> the consumers aren't exactly jumping on the augmented reality train just yet but businesses are seeing the benefits. those slow to adopt could be a

they stole hundreds of thousands of dollars worth of bitcoins during their investigation. he was convicted last year. they are now charged with wire fraud and money laundering. >>> the supreme court denied an appeal from former high school students who were told to turn their american flag shirts inside out during celebration at their school in 2010 enmorgan hill. the -- in morgan hill. the supreme court said the school made the right decision because their concern outweighed student's freedom of expression rights. >>> leaders in indiana are trying to make changes to a new law following criticism over the new religious freedom law. critics say it will allow business owners to discriminate against the lgbt community. the boycott against the state of indiana is growing. >> reporter: it is called the religious freedom restoration act. a new bill that is aimed at legalizing discrimination. pass on the law brought nationwide attention to the state. and now lawmakers want to clarify the bill to make sure it cannot be used to discriminate. >> we hoped for a message of inclusion.

and of course bitcoin mining. >> of course. grasso?e votes for nvidia. >> wow. >> they've already established why they like nvidia. i do like micron, but they're too dependent on d-ram prices. they have no signs of life. they're 70% dependent on it. nvidia has their own gaming system. they're going to be the disrupters in the gaming system against microsoft and sony. the stock looks great. stock up 18% against the inverse micron is down 18%. >> what you have to say doesn't make a difference. >> as usual. like a typical show. it's like every night of the week. >> go ahead. >> and a triple. because i'm with these cats. >> really? >> there's four. >> four. >> good point. >> anyway. make your case. >> i think d-ram prices have topped out. microsoft has been under pressure. nvidia had a nice move to the upside. i think nvidia trades up to the high of 26. and given the world we live in there's always that talk that somebody might come in and gobble up nvidia. not the reason but it's out there. >> so four on the board for nvidia. which means

a former dea special agent is accused of stealing bitcoins from the suspect and the government. both are now awaiting trial. >>> the mountain lion population is thriving in the east bay. at least in one popular hiking destination. i'm michelle roberts in sunol. coming up, hear why that's a good thing. >>> also it's not just hillary clinton raising some flags. we're now learning the e-mail issues for some california lead ertz. >>> and good evening. i'm meteorologist jeff ranieri. cloud coverage increasing across half moon bay. that's part of a storm system developing offshore. we'll let you know how much this will drop temperatures for tomorrow, in just a few minutes. >>> the east bay is mountain lion country, and it appears a popular hiking spot is also quite a hot spot. the area is east of fremont and south of livermore, and the sunol wilderness. that's where they found a cougar cluster, and that has hikers worried tonight. but as nbc bay area's michelle roberts explains wildlife experts say it's actually very good news. she joins us live in sun sunol with more. >> this is moun

they're both accused of stealing the digital currency known as bit bitcoin during their involvement with the silk road investigation. carl force is a former drug enforcement agency agent and shaun bridges was secret service agent from laurel. silk road was multimillion-dollar online black marketplace that the fbi first shut down in 2013. its creator, ross albrecht was convicted last month. prosecutors say silk road enabled more than a million drug deals worldwide totaling hundreds of millions of dollars worldwide. >>> tonight we're hearing from the brother of a man who was shot and killed while walking home from a store in the district. the shooting happened in the brightwood section of northwest d.c. the victim's brother and an eyewitness spoke with our mark segraves. mark? >> reporter: jim, according to the brother, his brother, the victim and two friends were walking from the cvs up on georgia avenue crossing this street heading home which was just a few blocks down 13th street when two masked gunmen approached them. according to his brother, one of those men pressed a gun up against

they are the anonymous bitcoin and that cannot be tracked with all these things being developed. >> that is a great question and a great point i don't fundamentally disagree but one of the biggest challenges is trying to figure out who is responsible for the attack. did sony really get hacked by the north koreans are was internal? >> maybe it was somebody else. it is hard. why? because it shows he will route the calls to other places but it is routed through afghanistan really he is around the corner from the police station. that is what hackers do you for north korea allegedly tax sony. they will not go to sony.com they will go to thousands of boxes so it is hard to trace the back. but as to this human factor money suggests that we could solve the problem there is no such thing as perfect security the cost of liberty and personal freedom is great but those to pursue security have neither. so the challenge for us is not perfect security but better security in a real-world example is to park it in a neighborhood with a dark street and no light leaving the bmw running with the hazards on a

. >> bitcoin is convenient. jobs, weekly claims. monthly jobs report.you get the stress tests from the federal reserve. this is the first results for 2015. interesting what you probably not going to see tomorrow, are any big surprises. that is becoming a real problem. you had a treasury department research group this week come out with a report saying these tests have gotten too predictable. they're not really showing you what would really happen in a real stressed situation. it is a criticism. it is a legitimate criticism. been a criticism all along. so look at the stress tests. take the information. see what you can get out of it but understand that these might not be telling you exactly how the banks will respond in really stressful situation. david: right now the problem they have too much capital on hand. they're not giving enough out. >> they have capital on hand. you will find out how much. they thought they had good cap it will in 2007, david. david: they didn't have dodd-frank back then. we have to leave it at that. paul, thank you. "the willis

we may not know exactly how or may not be bitcoin but it will not stay the same. liz: we pay for things. guess what, "the willis report" is next. gerri: hello, everybody, i'm gerri willis and this is the "the willis report," the show where consumers are our business. the polls close in a very tight election in israel. we'll examine the impact for u.s. relations in the region. >> we have companies constantly buying israeli startups. apple buys companies. google buys israeli companies. gerri: ultimate guide to social security. the reknowned author of a new book, get what is yours. secrets to maxing out social security is here. >>> apple in talks for a new web tv service. will this be the cable tv killer. >> one box, one remote online tv on all of your apple devices. >> "consumer reports" is here with its annual report on the best and worst used cars. all that and more coming up on "the willis report," where consumers are our business. >>> two breaking stories this hour. first another big hack at a health insurance company. this time blue cross-blue shield, an affili

we may not know exactly how or may not be bitcoin but it will not stay the same.gs. guess what, "the willis report" is next. gerri: hello, everybody, i'm gerri willis and this is the "the willis report," the show where consumers are our business. the polls close in a very tight election in israel. we'll examine the impact for u.s. relations in the region. >> we have companies constantly buying israeli startups. apple buys companies. google buys israeli companies. gerri: ultimate guide to social security. the reknowned author of a new book, get what is yours. secrets to maxing out social security is here. >>> apple in talks for a new web tv service. will this be the cable tv killer. >> one box, one remote, online tv on all of your apple devices. >> "consumer reports" is here with its annual report on the best and worst used cars. allh

the other allegedly stole bitcoins from both the suspect and the government, and both of those men are now awaiting trial. >>> happening today, the u.s. commits to a goal to reduce its emissions as part of the major global climate treaty. the obama administration will announce plans to cut emissions 28% by the year 2025. that goal is part of a worldwide treaty by the united nations that aims to reduce the impact of climate change. the deal is expected to be finalized in paris sometime in december. >>> there will be no mavs surf continue thes the year. the window for the big contest closes today. organizers say there were just no swells big enough this year to hold the contest. there have been only nine contests in the past 16 years. >> that's a real bummer, man. 6:17. time to look at your microclimate forecast and a little bit of a -- >> courtesy laugh right there. >> my cohort. a live look at the bay bridge. shabing a little bit. some windy conditions out there as we start off your workweek. >> would you say it's hanging loose? >> i'm not going that far. >> good morning to you. we lov

crypto crunchy like dark going anonymous like bitcoin that can't be tracked. it got dark networks and all these things being developed so i would like to hear your thoughts on that. >> thank you. a great question, great point but i don't fundamentally disagree with you. one of the biggest challenges with this there is something called attribution are trying to figure out who is responsible for a particular attack. did sony really contacted by the north koreans or was it an internal threat? did china hack the pentagon or wasn't russia? maybe it was somebody else. we have really poor method of attribution in this space. to figure out exactly who did it is hard. why? of using the televisions with bad guy calls up the cops and he decides is going to route these calls all other places usually in brooklyn but is running his call for afghanistan and in paris and tokyo and really he is around the corner from the police station. that's what hackers do. before north korea, let's say allegedly hacked soda, then those sit there in pyongyang and type sony.com. what they're

it is exchange with standard currencies but also with crypto currencies, bitcoin, and there is a criminalersion of pat -- paypal called liberty reserve. mark: our governments -- manus:ar are governments inept? mark: technology follows moore's law. performance is doubling every 24 months and government institutions are linear. it is difficult for the police to keep up. manus: i'm curious because you look at the european commission and they want to haul over google. they want to change the structure of how the internet works. they want to be invasive and have companies -- who is more. in their, mr. or mrs. google, or our government? mark: it depends on what country you live in, but everyone wants a piece of you. the corporations want free reign to your data without regulation or restriction in the government is looking for that same data. the thing that people do not realize is that there are criminals and terrorists going after the data as well. everyone is going after your data for one reason or another. manus: if i get my new smart watch, have a heart attack, have a pacemaker fitted, and

people don't understand bitcoin at a first level. right?tire economy of people that could be benefitted by this. so you can go into social media right now and say i'd like to find all the people that were born in the philippines that now live in america and tell them a story directly. think about how hard that would be on television or radio. right? but instead i can go and generate a story and then go directly to those people in their feed on their phones on any medium i want to reach them. that's extraordinarily efficient. right? that's extraordinarily efficient. so that's really the heart of the way we look at things right? we sell concert tickets to the people that it matters to. we sell movies to the people that it matters to. i always use this joke. it's like i will never make a conscious decision to buy a woman's feminine hygiene product. but i see those ads every day. >> you have the wrong search set up then. >> but i see those ads on tv i hear them on the radio. that's totally wasted dollars to me. right? because i can guarantee yo

he aims to change the way traded assets are settled and recorded using bitcoin.taying on finance, the final report card for big banks part two of the fed boss stress test results will be released later today. all 31 banks may have passed the first round last week, but now they will find if they've got the green light to pay out capital to shareholders. billions of dollars are on the line and several dollars as well. i'm joined by keri geiger. is goldman sachs the bank to watch? >> i think citigroup is the bank to watch. the stress tests are put together to see if banks can commit -- if banks can maneuver around stressful situations like interest-rate's going significantly up housing prices losing value, all the things that came into play during the financial crisis that put the banks underwater. last year, several banks could not pass the second part of the stress test which is what we're waiting for today. one of those was citigroup. analysts, investors, they are all looking to see if citigroup can pass the line. there's also a question if michael corbat would s

now she will be in charge of a bitcoin startup that wants to overhaul the way traded assets are settled and recorded. she has been named ceo of digital asset holdings. the company will use its virtual currencies for settlement and record of stocks, mortgages, and the loans. there is a report out that iraqi troops may have made major gains in their offensive against the islamic state. the associated press says that iraqi soldiers and shiite militia allies have entered the city of tikrit one of the largest cities held by isis forces. the u.s.-led coalition is not taking part in the assault and u.s. authorities are not happy about the presence of shiite forces and iranian military advisers. we have got to move on to this rate hike. the debate is heating up. we know what jeffrey gundlach things about the fed but let's hear from the cio of fundamental fixed income at blackrock. rick, jeff gundlach calling the fed a blockade? what do you -- blockhead? what do you think? rick: the economy is moving ahead aggressively. we have created 2 million jobs in the last seven months. that is a quarter o

because there's these new clip toe currencies like dark coin, anonymous, like, bitcoins that can't be. you've got dark porn networks and all these things being developed, so i'd like to hear your thoughts on that. >> surement thank you, rick it's a great question, a great point, and i don't fundamentally disagree with you. one of the biggest challenges with this threat is something called attribution, trying to figure out who is responsible for a particular attack. did sony really get hacked by the north koreans, or was it an internal threat? did china really hack the pentagon, or was it russia or maybe somebody else? we have really poor methods of attribution in this space so figuring out who did it was hard. have you seen the television shows where the bad guy calls up the cops and he decides he's going to route his call through all these other places, he's really in brook listen but he's running -- brooklyn, but he's running the call through afghanistan and paris. that's what hackers do. before north korea, let's say allegedly hacks sony they're not going to sit there in pyongyang

also ibm is considering adopting the technology behind bitcoin for a new feeless payment system.ould use a digital ledger of transactions to allow people to transfer cash or make payments instantly without a bank or party involved. and major world powers have begun talks about lifting sanctions on iran if a nuclear deal is completed. negotiations are iran are expected to resume next week. senate foreign relations chairman bob corker is going to be joining us. that's coming up at 8:15 a.m. eastern time. >>> the federal prosecutors and the fbi are probing herbalife stock. this coming from "the wall street journal," a couple of other reports. but unclear whether this is new, in fact. i did speak to bill ackman last night on his way back to new york. we will have him on the show in just a little bit. he said in part i am puzzled by the story. we have not heard from the fbi or department of justice. if they have any questions for me, i'm happy to answer them. i stand by every statement i've made about herbalife. the company has never identified anything we've said that is false. kate