is "bloomberg west." snapchat when you get rid of the naked selfies? it is confined, and off the record messaging app for the business users. it allows users to send an array of documents, and then it disappears. joining us is john brodie, cofounder of confide. talk to me about this business. >> it's an incredible business. you really hit it in the intro the spoken word disappears after we say it, but whatever we communicate digitally remains archived permanently and the cloud spews copies everywhere and we think it's crazy end dangerous, particularly for sensitive communication. >> this is made for insider trading. or it was not. kinds of communication's lend themselves to this? >> anytime you see any e-mail that says confidential, don't forward, or, hey, i will call you, or let's get your personal e-mail and take this off the work servers that is an opportunity for confide. you think about job references deal points, conjecture or subjectivity on a sensitive matter, or even good-natured office gossip. >

this is "bloomberg west."l dominates the marketplace online but businesses like etsy are focusing on specific businesses. they're using special technology to authenticate items and it's getting to be a big business. i sat down with the ceo and cofounder and started by asking to describe how the niche e-commerce market works. >> primarily, secondhand jewelry and watches. we authenticate every item leveraging our system which leverages through photo recognition on the site and the pricing engine that takes data factors to price these items in real time. 80% of the folks out there don't know the prices of the jewelry and watches that they own and are only getting $.15 back on them and they seldom. cory: where are people selling them question mark >> the usually go to traditional jewelry stores or they try to sell them on ebay. the problem is there most of the shoppers are not trusting the sellers because they feel why are prices all over the place? if you take a rolex yacht master, that same watch what 20 differe

more bloomberg west -- more "bloomberg west" right after this. ♪ cory: i'm cory johnson.bloomberg west." some of the biggest issues for every company include cyber attacks. nobody takes it more seriously than jpmorgan and when they got hacked, it was a big deal. they listed some military great help, including building headquarters to fight these kinds of problems next-door to the nsa in fort meade, maryland. but is it working? jordan robinson wrote an interesting story about this interesting fight. what they have done is amazing. a thousand people fighting this, twice the number of google's cyber security team? >> i spent a significant amount of time looking into the story and basically what we have is a novel experiment unfolding within jpmorgan, the kind of militarization of private sector cyber security. not only is the experiment unfolding, but we had the first major test of it just a few months into the top two guys from a cyber security organization, their first few months on the job. the biggest bank in the u.s. gets hit by a devastating cyber attack. reporting sho

"bloomberg surveillance." ♪ tom: good morning, everyone. "bloomberg surveillance."sday morning from new york city. we welcome all of you. we need to get to our top headlines. olivia: after passing through the house, the keystone pipeline construction bill is now headed to president obama's desk. proponents are not getting too excited yet. the president has promised to the to it. the 2/3 majority not likely to overturn the veto. and an unmanned falcon 9 rocket carrying the $340 million you climate observatory mission has taken off after being delayed several times after bad weather and a greater issue. liftoff came after clear skies yesterday in cape canaveral. russough seas to recover the booster a setback for founder elon musk who wants to cut the cost of spaceflights by creating reusable rockets. and a blunder for netflix, they actually posted "house of cards" weeks early. all 10 episodes were online. i miss out. this is the series featuring kevin spacey, francis underwood. those are your latest top headlines. bake "house of cards" fan tom? tom: no. brendan: i can

this is "bloomberg surveillance." ♪ >> good morning, everyone. "bloomberg surveillance." at single best chart. >> we are in one of china's golden weeks. this is important in a society where so many people have moved away from their hometowns. the great urban migration is the subject of today's single best chart courtesy of cardinal weinberg -- carl weinberg. we are looking in a slight change to the story we are used to. 20 million chinese per year moving from the country to the cities. that rate of change is slowly coming down. the absolute numbers is still at 2.4% over year. but the growth is not as much as it used to be. we were talking in little bit about this during the break and this is something ubs has been writing about, as well. >> as you see those two converge , you had this great migration in the 2000s into the cities to help the industrialization take hold. we have gotten there for the most part. the chinese economy is adjusting. for the first time in this century, the percentage of consumption relative to industrial investment -- >> what is the trigger? is it

"bloomberg west" will be right back. ♪ >> i'm cory johnson and this is "bloomberg west."reece will submit its request for a six-month loan extension tomorrow. greece and the eu are trying to work out terms to extend a rescue plan set to expire at the end of the month. french automaker peugot has -- has posted its first they profit in three years. the factory cut investments and cut -- on new cars. a chinese carmaker is also helping them sell outside of the saturated european market. lufthansa is said to exit its 15 percent stake in jetblue after three years. the move should improve live tons upon balance sheet. facebook's ceo mark zuckerberg has revolutionized vacation on the web and is launching internet.org, which is hoping to provide free internet service to disparate corners of the earth. it's been rolled out in several african countries along with india stop emily chang sat down with them to find out about his plans. >> it's one of the most populous nations in the world, starved of one of the world's most precious resources. >> the internet is how we track to the mod

this is "bloomberg surveillance." ♪ >> good morning, "bloomberg surveillance."in the loop" just a blitz on any number of topics including the death of a usterity. >> news corp. will not be prosecuted in the u.s. over the phone hacking scandal. the justice department had been investigating if the hacking took place in the u.s. and also looked into whether alleged payments to u.k. public officials broke anticorruption laws. the department says it is not pursuing charges and closing its investigation. alibaba looks to boost its overseas expansion. they're offering loans through lending clubs. u.s. businesses will be able to apply for short-term credit lines of as much as $300,000 to buy goods from chinese suppliers on ali baba.com. they want to reach some 2 billion individual customers and 10 million small businesses outside china. founder jack ma says the cop does result its promise -- problems with commerce. the regulators accused ali baba of all comes the bad behavior like selling, for goods and taking bribes. the billionaire said the matter was handled "at the

let's check bloomberg world news.he governor of the bank of england says interest rate could be cut further of low inflation persists. mark carney went on to say the uk's likely to see inflation turned negative in the spring. the governor said the biggest factor contriving to falling inflation in the u.k. was the drop in oil prices. after reporting a $5.7 billion loss for the fourth quarter of last year, oil giant total is cutting spending and imposing a hiring freeze to deal with the following oil prices. the company's ceo said they had to react. >> if we do it, it is a reaction. it is not a noble reaction, to be clear. we don't want to overreact, but we have to react. it represents $10 billion in cash. >> a former korean era executive has been sentenced to a year in prison for an onboard tantrum over macadamia nuts. the daughter of the korean air chairman did not like how the nuts were being served and heard behavior sparked a debate on whether family-owned conglomerates and south korea have too much power. that's t

this is "bloomberg surveillance." on bloomberg television, streaming on your tablet, your phone, and bloomberg.com. ♪ tom: good morning, everyone. "bloomberg surveillance." oil in america, $49.73. soft yesterday and oil a little bit of a bit earlier. we are under $50 a barrel. words watching. let's go to brendan greeley right now. he has our top headlines from around the world. brendan: is really are taking aim at prime minister and been met in yahoo! -- prime minister benjamin netanyahu. critic concluded his former envoy to washington who says his address good hurt relations with the u.s. the speech was arranged by house speaker john boehner without white house approval. u.s. state department is closing its doors to us and the sea in yemen this morning urging its american personnel to immediately evacuate due to "terrorist activities and civil unrest." there has been increasing turmoil in the country. the u.k. and french embassies are also closing their doors for the time being. and the united nations human rights ch

this is bloomberg "surveillance" on bloomberg television. good morning. ♪ tom: a quiet screen on jobs day. alan krueger will join us later. brendan: saudi arabia slashing prices for oil sales to asia. saudis continuing to fight for market share. the selling price for arab crude has been reduced below middle east benchmarks. the lowest in 14 years since bloomberg began gathering data appeared australian prime minister tony abbott might be looking for a job as soon as next week. dealing with a revolt from his own party. liberal party members are not happy with spending cuts or his decision to bestow a knighthood. in london, a paul gauguin painting has sold for close to $300 million. the buyer was the qatar museum's authority in doha. tom: that is spectacular. olivia: the next most expensive painting i can think of is the klimt painting. really only the qataris have those kind of pocket. brendan: soccer teams, airbuses and paintings. olivia: the anthem hackers left a trail. leading u.s. investigators to china. 80 million americans may have had

more "bloomberg west" next. ♪ ♪ >> i'm cory johnson. this is "bloomberg west."pose new rules for commercial drawing -- drone use. drones must weigh less than 55 pounds, stay in line of sight of the operator, and fly only during daylight hours. this may not be good news for companies like amazon and google. it could be a benefit to smaller drug companies. sky catch develops a drone for use in construction, agriculture, real estate, and the like. niccolo de masi is still with me from glu mobile. what do you think of these rules? chris: the rules are great news for everybody, but the way you have to think about it is this is just the beginning of many iterations of these rules. even more important is remembering what is the source the main driver of all these changes. a year ago when you talk to the faa, the messaging was very different from today. cory: a year ago was what? chris: a year ago, the messages were a lot stricter than today. the main driver is how many big companies, construction, mining, getting involved in this new market, using the drones not only f

>> from bloomberg world headquarters in new york, i'm mark crumpton. this is "bloomberg west." -- "bottom line." ♪ to our viewers in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today. the lamarcus begins his series of reports on business in cuba. "bloomberg west" editor-at-large cory johnson speaks to a minnesota center -- senator al franken on net neutrality. here are the top stories we're following. the u.s. federal communications commission. has approved new internet regulations the vote was 3-2. the rules would prevent broadband providers from charging websites to deliver their content more quickly. big internet providers like verizon, at&t, and comcast were opposed. they say the regulations would stop them from making billions of dollars worth of network improvements. winners include video streaming services like netflix. check your mail. apple has sent out invitations to an event on march 9 in san francisco. the company is expected to unveil details

"bloomberg west" will be right back. ♪ >> i'm cory johnson. this is "bloomberg west."ere are your top stories. new home sales at a nine-month low. they fell 4.9% to an annualized rate of 4.8 million. rising home prices put more first-time homebuyers on the sidelines. port workers are getting back to work finally, trying to clear a backlog of ships in ports all over the place. they ended the labor issues that have cut cargo movement in half, but it will take six to eight weeks to cut the backlog. and the oscar for best documentary goes to "citizenfour," which tells the story of edward snowden. snowden's girlfriend a appeared on stage and snowden himself released a statement, saying that he hopes the oscar will show people that ordinary citizens working together can change the world. more on the oscars coming up including the editing technology that many of the winners used. the current reddit interim ceo is suing kleiner, perkins, caufield, & byers in a lawsuit. she said that she was pressured to have sex with a coworker who spent five years retaliating against her afte

we begin with bloomberg'

more "bloomberg west" right after this. ♪ cory: this is "bloomberg west." i'm cory johnson.k zuckerberg is weighing in on vaccination. this comes after a measles outbreak started in disneyland. mark zuckerberg writes "my next book is "on immunity" -- vaccination is an important and timely product. -- topic. he writes, " the science is completely clear and vaccinations are working for the health of everyone in our community." zuckerberg also posted a video. listen to this. >> [speaking chinese] cory: why the strong interest in speaking in chinese? since 2009, facebook has been banned in the world's most populous country. it is a country that he has visited four times. he met with officials last october. will facebook try to get legal again in china? >> your mandarin has gotten pretty good. what's the likelihood internet.org good help you get facebook back into china? >> i don't know. that's not something we are focused on right now. right now, there are countries where they reach out to us and say connectivity is a national priority and a lot of people in our country use face

is "bloomberg west." cory johnson. a big day for comcast with the net neutrality proposal. marching ahead, the ceo said the sec will approve the deal and soon. the company reported sales of $17 billion with 5% profit. up and percent to year per year. the company says it needs this merger. walter, talk to me about this quarter for comcast. it was an interesting one on a lot of levels. what stands out to you? walter: to be honest with you, i thought we were going to be talking about dish today. i thought comcast talked a little bit about the wi-fi strategy, which i thought would be interesting as well. cory: interesting developments for both comcast and dish. trying to find ways to go after those comcast customers. they might need comcast pipes to do it. walter: comcast has the broadband pipes, but what dishes -- dish is trying to do with respect to their position, erdogan -- charlie ergen has realized that with services, you've got a certain timeline on how long you can actually grow that business or susta

"bloomberg surveillance." am tom keene. with me olivia sterns and brendan greeley. olivia: we begin with taiwan the final moments of train a nasia the plane clipped a taxi before plunging into a river. at least 31 people were killed, the pilot and copilot among them, 15 other passengers survived, as did the taxi driver. a dozen other passengers or remain unaccounted for. ebola -- new cases last week in the three nations ravaged by the virus. it is the first time that has happened this year. the world health organization said sierra leone had 81 confirmed cases last week, up from 65 case of the week before. getty and liberia also saw an uptick. -- guinea and liberia also saw an uptick. and $550 million, the court once batista's boat and airplane also. but these that went on trial in rio de janeiro accused of insider trading and market manipulations. tom: very good. something special this week. i spoke with peter g peterson. he has spent a lifetime in politics with success on wall street, became a good life for

let's check bloomberg world news. in the war on terror, the u.s.ays intelligence has not been able to determine how or when american died while in islamic state captivity. her death was confirmed today. on friday, islamic state claimed the 26-year-old aid worker was killed in nature dini and airstrike. united arab emirates has launched airstrikes on the islamic state route from air in jordan. it marks a return to combat after flights were halted last year. the united states is reportedly closing its embassy in yemen. security has deteriorated after takeover by shiite rebels. diplomats were being evacuated and the them is he will suspend operations until conditions improve. newsweek's magazine -- newsweek magazine's twitter account was hacked with messages threatening president obama's family. the background photo was changed to a picture of a person whose face is covered with a scarf and the words "cyber caliphate." in ukraine, government troops have broken the rebel strongholds near an eastern city. the ukrainian president and president obama spok

time for bloomberg exclusive, another bloomberg exclusive. sales beat estimates, we spoke to the company's c.e.o., and he told bloomberg about the impact of the strong dollar on his business. >> it's very helpful. pretty happy about that, because for 10 years it was negative. for 10 years, european companies and l'oreal, we have suffered from undervalued euro, so now the euro is back below its level when it was introduced 14 years ago and so that is very good news. it's very good news because it will help our cost structure, because it will also of course, help the translation in euro of our profitability worldwide. it's a very good news and we will make the most of it. >> does that mean you might lower prices of your products? >> no. we will strengthen the role on the planet, and it will definitely also help, as i said you know, the translation in you're re of ourselves and our profits. >> what about the currency in emerging markets? tell us about the show there and the outlook for asia especially china. >> after a period last year where we

"bloomberg surveillance. -- "bloomberg surveillance." i am tom keene. olivia sterns is off. is brendan greeley. brendan: china banned facebook in 2009, but facebook ceo mark zuckerberg has visited china four times he has met with government officials, even learned to speak mandarin. so with internet.org, a new project facebook has launched, will it help facebook get back into china? mark: zuckerberg: that is not something we focused on right now with internet.org. right now there are countries that reach out to us and say connectivity is a national priority and a lot of people in our country use facebook, and if there is a way to work together to do that -- i mean, for example, in malaysia i was meeting with one of the leaders in the government there. making it so everybody is connected in their countries one of the top national priorities. brendan: tom, that was mark zuckerberg protesting a little too much that he is not fitting in china, but i want to show you a map we found this morning. this is from internet.org. it is a new initiative by facebook and erickson and samsun

"bloomberg west." ♪ >> the brazilian royale has closed at a record low. countrywide droughts and a scandal with petrobras is weighing on the currency. argentina, the city of buenos aires is planning on selling bonds overseas for the first time in two years. hp is attracting interest for its chinese networking unit. persons familiar with the matter says hbs trying to sell 51% of the company by the end of next month. potential bidders include china electronics corporation and some chinese buyout funds in case he to get as much as $2.5 billion for this asset. the end of an error is coming for comedy central's primary shear. >> 17 years is the longest i have ever in my life held a job by 16 years and five months. [laughter] thank you. the upshot of there being that i am a terrible employee. [laughter] but in my heart, i know it is time for someone else to have that opportunity. >> he has been on the show since 1999. where will they turn next and what does it mean for a successful push into the digital worl

that's next on "bloomberg west." ♪ >> i'm cory johnson, this is "bloomberg west." companies with the highest percentage of women on the board of directors outperform those with fewer women. by 53%. similar stocks said racial diversity correlated with performance. joining me is laura wheaton, code 24 is a nonprofit organization. there are plenty of social reasons to want everyone to get a chance to succeed. the idea you can make more money is often lost in this. talk about what your latest effort is to find some way to get feet indoors? >> we are launching two new initiatives. we've had 50 students go in the last few years, and in the next two years, we are going to roll out programming for 5000 students. it's about 10 times more. [laughter] that is supported by google.org, helping us to bring our learning program out to 10 times as many students to help them get their foot in the door at tech companies. >> it's interesting, because google has struggled with this issue. among the things they did was an audit, they publicized it, and this didn't make them look good.

this is "bloomberg surveillance." ♪ >> good morning, "bloomberg surveillance."n ukraine, the headline still come out, some key of forces and government officials talking about some form of import and capital controls currency moves on the bloomberg monitor. you can see this spike. that is all within the last 30 seconds, maybe 45 seconds. currency crisis in ukraine, to say the least. let's get to our top headlines. >> we begin in nigeria or female suicide bomber killed at least seven in the town. witnesses said the young looking girl jumped a rope barricade at a mobile phone market before detonating explosives. at least 30 were injured. no immediate claims of responsibility. ogre from has waged a violent -- boko haram has waged a violent measure. prime minister tony abbott today announced plans to strengthen immigration laws and crackdown on groups that incite hatred. the measure is aimed to stop homegrown terrorists. the country will point -- point of counterterrorism chief. north korea, barring foreigners from april's don young caps on. the reason? ebola fears.

that story is next on "bloomberg west." ? >> this is "bloomberg west." i am cory johnson. >> the video is incredible, showing the plane just after takeoff. one engine wasn't working and maybe they shut down the other engine. pilots undergo new training. 35 people were killed in the crash and 15 survived. brazil's government chose a bank executive to run the state run oil company. he takes over a company that just saw its ceo and five top executives resign admit a corruption scandal. investors do not like this choice. shares are falling with concerns of the new ceo. alcatel loses the company -- that number boosted by many year-long running cost controls finally taking effect. this year is the final leg -- final leg of a three-year restructuring plan. twitter earnings -- fourth quarter up 97%. the company did posting a narrow loss. it shows signs of slowing from last year. when will twitter fix its user growth problem --or have they already. you go a really interesting and confusing quarter for twitter. the poorly written press release didn't help, with a

"bloomberg west," will be back after this. ♪ >> i'm cory johnson, this is "bloomberg west." the 3-d printer strata's is getting hammered today. the company says it's going to have to take a write-down of 110 million for its maker about business. at that time, make about was growing at over 400% year-over-year. maker by now growing edges 7%. so what happened to the future of a 3-d printed world? i'm joined by kathy would. what happened, they thought this business was going to be the key to a 3-d printed future? is a game over? >> maker but was more about a segmentation strategy focusing on the consumer end. but that's not the main story. make about next or will probably be less than 10% of the revenues. the real story here is industrial. as these stocks have been going down for the past year, but we have witnesses analysts and researchers have been raising their estimates of industrial 3-d printing for the next three to five, to 10 years. they have gone from a billion dollars to $12 billion. we have mckenzie out there who thinks in 10 years to 20 years this will be a $580 bil

he said down to talk to bloomberg.switch watch industry -- swiss watch industry. >> let's close the door. it has nothing to do with the price. if you think luxury is a question of price, you are wrong. >> one of the most important men in the watch business. >> luxury is defined by the people who wear it. >> he is the president of lvmh's watch brands. >> the risk makes your product luxury. >> he has been building up and reinvigorating watch companies since his late 30's. now, he is dealing with a very strong swiss franc that is going to hurt margins. last year, growth fell to single figures. >> it was only 3% better. 3% more than record is another record. [laughter] at 65, he is tasked with steering lvmh's watches into uncharted territory. the competition could not be tougher. >> apple has recruited somebody from burberry. why? because they are crazy? >> jean-claude is quick to admit that a swiss maid's work march -- made smart watch is not possible. >> we cannot produce it in switzerland. nobody can produce it in switz

that does it for the best of bloomberg west.♪ with the writing gradients, celebrity chefs have earned their chops into businesses. luring us in with the tips of the trade and the high-stakes drama of attention. tv shows, restaurants and cookbooks. these personalities have made eating into a multibillion-dollar industry and we all know some of the best conversations happen over a male to we gather at a classic new york city restaurant.

"bloomberg surveillance."ater this morning, mortimer zuckerman of boston properties looking forward to that on "in the loop." this is "bloomberg surveillance." good morning. we need to get to some top headlines. >> a third-quarter profit mesko -- ms. for softbank -- miss for softbank. the company maintained its full-year target. in egypt, the cabinet has suspended the national soccer league indefinitely following a deadly confrontation between fans and security forces outside the cairo stadium over the weekend. more than 20 people died after a stampede. egypt's public prosecutor has ordered an investigation. a major setback for indian prime minister narendra modi. modi's party demolished the competition in national elections in may. those are your latest top headlines. >> this is a big deal. >> she had seemed unstoppable. the bigger deal and the -- he had seemed unstoppable. >> this is like a new india. >> remember 1993? brendan was heading off to college, i was learning to ride a bike. there was one commercia

"bloomberg west" is back in a moment. ♪ >> um cory johnson. this is "bloomberg west." of the things tom warner talked about was the unusual response from the internet activists who prevailed in this fight. joining us from washington is evan greer. the fight for the future campaign had interesting response from the people of the internet. thanks for joining us. talk to me about what you did to get people to give a heck about fcc policy. >> thanks for having me on. this is an unprecedented victory that a year ago everyone thought was impossible, at least everyone in washington, d.c. they did not anticipate what happens when any institution of power comes to take away people's internet freedom. they should have. anytime that happens, people rise up. we use the internet to defend the internet. we don't have millions of dollars or an army of lobbyists we can send to the fcc or congress to get our voices heard, but we build tools using cutting-edge technology that made it easier for the millions of people that care about this issue to have their voices heard in washington, d

this is "bloomberg surveillance." ♪ tom: good morning, everyone. "bloomberg surveillance.". we have a morning must-read. olivia: my morning must-read comes run vassar richard haas -- from ambassador richard haass. he writes donald baer, we have been talking about whether or not the republicans are self-destructing. a very provocative invitation from john boehner to the prime minister of israel without the president's request. what does this feel like in washington? donald: people do not know what to make of it, and the bad part of it is forcing democrats, who want to be very supportive of israel, to somehow or another make a choice they do not want to make. it is a difficult situation right now. on the other hand, he is coming we accept that he is coming, listen to what he has to say and be done with it. olivia: brendan, this is a very unprecedented move. there is a general election in israel, and this feels very partisan. i believe the opposition in israel said netanyahu did reach out to him, but he declined because it is too partisan. brendan: it is fascinating to see the

thank you matt covers retail at bloomberg news.n the next hour of surveillance talking about the housing market. this is bloomberg "surveillance," streaming on your tablet, your phone and bloomberg.com. ♪ tom: it was the tallest building in the world for almost 40 years . the empire state building is spectacular. lights on the top, if the knicks win they are orange and blue. they do the color thing. olivia: i can see the empire state light from my bedroom. i wonder if this is competition with the hong kong light show. brendan: it is an honor of the llama that was on the loose for the longest. tom: we welcome you to new york city. a morning must-read. brendan greeley, i love the "ft" today. an fcc commissioner who tilts republican. it is all anecdote. this is net neutrality. a great article. what did you learn yesterday about the coming debate. brendan: it doesn't look like there's going to be movement and congress. there will be a lawsuit. the carriers -- the reason they took this regulatory scheme it is actually much more lawsuit

we are back in two minutes on "bloomberg surveillance." ♪ >> this is "bloomberg surveillance."dance returns to brussels. varoufakis looks for a partner. and we look at the new labor movement. good morning. this is "bloomberg surveillance " live from our world headquarters in new york. i'm brendan greeley. tom keene and olivia sterns are out. joining me is erik schatzker. erik: it is crunch time for greece. finance ministers are holding an emergency meeting in brussels today. yanis varoufakis says he would accept existing terms to get an extension of greece's loan program, but for anything beyond that he wants to negotiate new terms. you know how the germans feel about bridge financing. german chancellor angela merkel and francois hollande are meeting in paris to try to salvage their fragile cease-fire agreement in ukraine they brokered last week. the deal is doing little to stop the fighting. the government says a town near the donetsk is being hit by rockets. merkel and hollande will hold a joint press conference later this hour. walmart broke under the pressure and agreed to

that story is next on bloomberg west. ♪ >> this is "bloomberg west." i am cory johnson.kers strike again, this time at health insurance giant anthem. this is the nation's second largest health insurer. they swiped information of tens of millions of customers and employees. investigators are now pursuing evidence. could it have involved china state-sponsored hackers? here are three people that have more information about this. we are going to talk to the connecticut attorney general who is written a letter to anthem demanding details about the attack. >> we immediately pressed an inquiry with him him as to how many consumers were affected, we know it was up to 80 million. the kind of information impacted, which is far more concerning, and what is being done to make sure this cannot happen again. >> it is a fascinating conversation, let us see what they had to say. >> the big problem here is that hackers see a lot of value in all of this kind of data. whether it is health data financial data -- regardless of the nature of the information, they are after it for a lot of dif

we are live from bloomberg's european headquarters. francine: to our top story, the ecb turns the screws on greece. the european central bank announced that it will restrict loans to the nation. guy: that announcement came just hours after the greek finance minister met with the ecb president, mario draghi. varoufakis meets with wolfgang scheibe today. joining us now is hans nichols in berlin. this could be the meeting that everybody has been waiting to hear about. we thought draghi was going to be interesting. scheibe is going to be fascinating. hans: he is going into this meeting and they appear to have consensus from their european partners. that is that greece should potentially stay in the bailout program. and if they leave, they will be consequences. they are not going to be able to use greek debt as collateral with the ecb. that is going to drive up there borrowing cost. they may face a liquidity crunch. what is greece's plan? even if they get through these next couple weeks, what is their plan for renegotiating, for having some

this is "bloomberg surveillance." ♪ >> good morning, "bloomberg surveillance."m keene with olivia sterns and brendan greeley with me. let's get to the single best chart. >> there are some things that oil money cannot buy. youth employment is one of them. that is today's subject. it comes from our guest helima croft of rbc. pay attention to the yellow. that is saudi arabia. look at the green, that is the world. the measure is youth unemployment rate. helima i feel like we've been reading for decades about saudi arabia attempting to change its economy, to get away from this reliance on oil. it turns out, they can't do it. >> it hasn't worked. king abdullah is focused on the young population. he understood young unemployed restless saudi's were in economic threat. he wanted foreign investment and new opportunities, new jobs, yet remained. oil. 90% of government revenue comes from oil and saudi arabia. you don't have the employment generation. for saudi arabia now, they're facing a security challenge, once again. thousands of saudi's joined isis, having to build a 6

that story is next on "bloomberg west." ♪ greg you are watching "-- >> you are watching "bloomberg west cory johnson. paypal cofounder max luncheon shares the story of his fateful encounter with peter thiel a meeting that led to the founding of the company. then they sold the business to ebay. was at the right decision? take a listen. >> the paypal engine was long, as you know. -- the paypal story is long, as you know. was selling at the right decision? >> there was no alternative. it is clearly successful today. it is impossible to argue that the stale -- the sale to ebay was not a step in that direction. could we have been bigger and farther along and less bureaucratic and more nimble as a standalone company? maybe. would we have been more challenging our ability to expand and have taken longer to bring the product to more people? it is hard to tell. the team was very tired and still blocked in a brutal battle with ebay because they had their own payment service that they were not about to give up on. so, probably the right call. on the emotional front, it was very difficult. on the b

"bloomberg surveillance." am tom keene, olivia sterns is off today for stop let's get to our top headlines from around the world. here is brendan greeley. brendan: united nations with a dire warning on yemen. it is "collapsing before our eyes." we closed embassies admit unrest. nearly half the country's provinces have been taken over by rebels. teargas rocks and rubber bullets filled the air as friends and foes of venezuela's socialist government staged a doing marshes on the anniversary of last year's bloody protest movement. protests also took place in caracas. in south africa unprecedented walkout. armed police remove the freedom fighters party after they interrupted zuma's speech. members of the opposition party then walked out in protest. zuma upgraded his private home with funds. tom: i love when you do these stories. i have no idea what the eef is about. i am not up to speed. brendan: there's a great economist piece on south africa that says this is how you dismantle a democracy step-by-step slowly. tom

this is "bloomberg west."ere is the latest world news. greece and its official creditors will extend their talks over the weekend. both parties are trying to reach a deal to extend greece's bailout terms. investors were optimistic. stocks rallied to a two-month high. virgin media is investing more than $4.5 billion to expand its broadband network in the united kingdom. the company says the plan will create 6000 jobs and bring superfast connections to 17 million homes and businesses. and, more consolidation in france's telecom industry. all pieces weighing a takeover bid and is reviewing the financial and regulatory restrictions. a person familiar with the matter says they could still decide against making a bid. let us continue with a look at cyber security. the white house hosting its first cyber security summit today on the campus of stanford university in the heart of silicon valley. president obama urged companies to share information about cyber threats with each other and with the federal government, say

bloomberg "west."" will be right back. ♪ >> this is bloomberg "west."sony finally making a comeback? $75 million in the luminary results. joining us via skype is the chief technology officer. i look at the turn around failing at ibm and hewlett-packard, and then i think there is no way japanese sony can turn things around. they are turning it around. >> yes, they are. a strong dollar helps. definitely some currency effect in the numbers, but when you dig underneath what you see is a shift of 900,000 for more ps4's. they double the number of subscriptions to their network services which are people playing the games, and they also stalled over 20% improvement in the phone business. that is more bad news for samsung because they are going after the premium android space. bottom line they got out of the pc business last year and got focused and started to see results. currencies help. >> it is hard to say how much the currency helps. who cares? what they sell and the fact that they are selling more of it is important. i think it is inc., i was shocked they

this is the best of "bloomberg west."to find out if your friends are going to the super bowl? you don't have to find out. they will tell you. more than 70,000 people are flocking to the game, and this year, it means a lot of selfies. the nfl is taking on the big technological challenge to get the stadium selfie-ready. the nfl is stepping up with a new plan for the league wide requirement for all stadiums. i spoke with the nfl's chief information officer, michelle mckenna-doyle, who joins us from scottsdale, arizona. >> all of our games present a big challenge as far as connectivity goes but nothing quite like the super bowl when you at all the fans along with the amount of media, etc. it definitely creates a challenge for connectivity. >> i want to take you back in time, all the way back to 2008. it was a very different technology world. the iphone had just launched -- a few months old. there was no instagram. the best selling phones were made by nokia. it's a different tech world now. how do you take these stadiums and r

this is the best of "bloomberg west."e are some stories that made headlines in technology over the past week. the accused mastermind of the drug dealing website is facing life behind bars. he was convicted on all seven charges. prosecutors said he ran a $1.2 billion online empire selling illicit goods and tried to arrange the murder of five people who threatened the anonymity. microsoft co-founder bill gates donated $1.5 billion worth of microsoft stock. 31 million shares went to an unknown entity back in november. he has cut his stake in microsoft to just 3%. gates now has 99 million fewer shares than his successor at microsoft, ceo steve ballmer. the fight is on between google and uber. uber has partnered with carnegie mellon to work on self-driving cars. meanwhile, persons familiar with the model said google is working on its ride sharing service which will incorporate self-driving car technology. speaking of google, i went to their headquarters in mountain view, california, to check out the latest self-driving car pro

"bloomberg west" will be back. ♪ >> i'm cory johnson. this is "bloomberg west."c ceo stuart gulliver says his bank helping clients avoid taxes is the product of a different error. he said his own account has nothing to do with dodging taxes. >> it was purely about privacy. privacy from colleagues in hong kong, switzerland. it had no tax purpose whatsoever. >> gulliver says he is de-risking the firm after reports that hsbc sheltered money for tax invaders and criminals in the 2000s. sim card maker gemalto says the u.s. and u.k. governments were probably behind the 2010-2011 hacking attacks on its networks. comments came after report in the intercept blamed the governments for the hacking. it is a great story. it was based on documents leaked by edward snowden. gemalto says no products were affected, there was no significant theft of data. that story would argue otherwise. radioshack's name is going on the auction block separate from the stores. the biggest shareholder has offered $20 million for the name and other intellectual property. standard general are also t

it is a bloomberg exclusive.: i thought people knew him because he was from new jersey. ♪ . . >> live from bloomberg headquarters in new york this is "market makers" with erik schatzker and stephanie ruhle. crises the short seller who rocketed to fame and now our friend carson block is here. >> if you were concerned about government surveillance programs, you have something new to worry about. >> health care regulators team up with silicon valley. welcome to the second hour of "market makers." i'm stephanie ruhle. >> and i'm erik schatzker on this chilly tuesday in new york city. >> snowing and freezing but we've got a lot of news. let's get you to the top business stories of the morning. time is running out for greece. european finance ministers say there will be no more talks on financial support unless greece asks for the current bailout program to be officially extended. has raised concerns that greece may exit the euro. greece's finance minister sounds confident there will be a new deal. >> europe will do th

bloomberg tv continues after this short break. ♪ >> this is bloomberg "surveillance." are focused on your paycheck. too many americans falling behind. the hollande-merkel pact. they and putin pal -- pow wow in moscow. golf considers a tiger free future. masters panic. good morning, i am tom keene. joining me is olivia sterns and brendan greeley. here's olivia. olivia: the leaders of germany and france will arrive in moscow on a mission to sign a cease-fire over ukraine. the meeting at the kremlin the day after they met with petro poroshenko. here is secretary john kerry. secretary kerry: there has been a number of offerings for russia to take over the course of the past months.