weitz, "bloomberg west." thank you for joining us on "bloomberg west."-thank you for joining us on "bloomberg west." you can watch a streaming on your phone, tablet, bloomberg.com, and on bloomberg tv. ♪ >> welcome back to "bloomberg west." i am emily chang. they made up a household name, put their products touch our lives daily. we're talking about band-aids, cleaning products, and post-its. rachel crane goes inside 3m's ; labs to find out how it is innovating. >> you might recognize their work, but the company's real value is in the glue that makes those tiny papers stake. >> you get up in the morning and you start your day and you products thaty 3m i use today? more than you can count. 's bottom line is all about adhesive. and is thought that market cornered. -- it has got that market cornered. >> many of the products we produce are used in larger and different devices. our product is embedded in the final product so you do not know it is necessarily in there. stuff chemicals that make stake is not new, but the technologies that they go into our. that

we'll explain next on "bloomberg west." ♪ >> you're watching bloomberg west where we focus on technologyhe future of business. i'm emily chang with your top headlines. motorola mobility will be profitable in just a few quarters. the ceo says that the company plans to relaunch the motorola brand in china and emerging markets. lenovo is working to get approval for the $2.9 billion deal to buy most of motorola mobility from google. up price wars are heating between a wireless carriers and verizon wireless is offering new discounts. under the more everything lamm, they are doubling monthly data allowances for certain customers -- $20 a20 a dollar month discounts. verizon trying to keep up with at&t, sprint, and t-mobile. our new cars the key to twitter's growth? users are twice as likely to buy a new car as the average u.s. household. twitter might be aiming for a larger piece of the auto advertising market worth more than $15 billion a year. google is famous for mapping the earth, but sometimes the images are up to three years old. what do businesses that need to know how much corn is growi

after the break, more "bloomberg west." ♪ . . >> you're watching "bloomberg west.".ly sony is trying to save its business, trying to save its restructuring plan. it is trying to sell its unprofitable pc unit, cut 5000 jobs, and split its tv business into a separate subsidiary. sony is forecasting a $1.1 billion losses the school year. again accepting new subscribers without it has regained enough capacity to handle the demand, but in atlanta, the service is just so out -- sold out. battle atng a legal the supreme court with broadcast networks. apple has removed bitcoin app from its store. it allows users to send and receive digital currency. the ceo says he received an e- mail from apple saying the cap as being withdrawn due to an unresolved issue. is technology and the tech industry really responsible for rising rents and housing in san francisco? reportis that with a new on tech hubs across the country. the chief economist at truly a is here with me to discuss more. so is technology beat reason that rent and housing prices are rising so fast in san francisco? >> w

we will be back with more "bloomberg west" in a moment. ♪ >> welcome back to "bloomberg west." am emily chang. this is apple's first-order in brazil, latin america. there are high import taxes. the iphone will cost seven times what it does in the u.s. the 16 gigabyte contract will cost over $1000 in brazil compared to $872 in china and $649 in the u.s. sticking with brazil in and around rio, millions of people live in homes that literally do not show up on the map. microsoft is sending a team to brazil to the old new mapping infrastructures or these towns. we have a man in charge of leading this effort. did i pronounce that right? >> you did. favelas. >> some people call them shantytowns or slums. >> 80% who live in rio are middle class. we look worldwide coming millions of people live in these kinds of areas around the planet. these are connected towns. they have about one percent gdp in brazil. they have a tremendous penetration of mobile devices. they are taking a step function change above where even we were 15 years ago where huge number of people under 30 actually have us

welcome back to "bloomberg west."isco has reported a drop in sales and profit. in the second quarter sales fell 8%. profit dropped 55%. they are being hurt by growing sales outside of the united states. john chambers sees big things on the internet for things referring to devices and connected car. here is what he said earlier today. >> this is the year where the tipping spoipt going to occur in the internet of everything. it will empower to us move to be the number one i.t. company. we've been focused on this for six years. at the world economic forum last month, it was the top technology topic. when google bought nest all of a sudden everybody said i get it. >> chambers said the internet of things could be a $19 trillion market turnover next decade. >> drop box has reportedly hired its first c.o.o. dennis woodside the former c.e.o. of motorola is joining drop box at their chief operating officer. the company is valued at $10 billion. want to tpwhring john in the studio. works with companies like yelp and box which i

you so much for bringing us your perspective on bloomberg west. acquired the online identity website in 2010 just a week after the site's launch. the founders back the company at a fraction of the cost that aol paid for it. a year after the buyback, did aol missed the boat? , coryitor at large johnson. >> what can aol do with the things it's got? tony conrad joins me now. aol acquires the business, doesn't find the way to monetize it. what was it like? just goneiness had public. they were exploring a lot of different things and they took a chance on us. we were a four-day old company. and weduct just launched got there, we realized the focus is on media. wasn't really a great fit so we worked with them constructively and we were able to spin it back out. >> what was tim armstrong like in this conference? lot to this speaks a what kind of ceo tim armstrong is. >> i think 10 is awesome, to be honest with you. to be honestsome, with you. he is quick to assess if the risk makes sense. him to it was hard for let us spend back down. >> he was willing to

we'll talk about that more on "bloomberg west." ♪ >> this is "bloomberg west." is expanding its relationship with the nfl winning rights to broadcast some thursday night football games. eight early season games will be broadcast on cbs next season and sime you will cast on the nfl network. the deal is for one year with an option for a second. they already broadcast fwames on sunday'ses. >> you are at disney today speaking with bob iger. before i want to talk about football. what do you make of this deal? >> it's a big deal. it's not everyday you get the rights to nfl that come up and so there were a lot of interest of players in this. there was a disney angle. there was some interest on disney's part possibly to bring this game to abc. i think you highlighted an important thing which is this is one-year deal with an option for a second. they are looking to build the platform for football that espn has with sunday night football. they've chosen cbs as the platform to test it on. we'll see where it goes from here. to clarify why these games are sime you will cast

thank you for watching this edition of "bloomberg west." see you back here tomorrow. ♪ . . >> welcome to "lunch money."." ng a look at the menu, wall street, leon cooperman speaks, tells us where his money is going. a bloomberg exclusive. in motors? are friendly and cheap.ars that and the gop comes out firing against some new numbers showing the impact on jobs growth. fashion? hot topic expands into the u.s., we will speak to the bl sponaire owner who reinvented the opera. the met tries to an just tries tt

next on bloomberg west. ♪ >> welcome back to the best of "bloomberg west." i'm emily chang.l, box specializes in web-based content-sharing platforms and is led by the colorful c.e.o., aaron levie. the fast-growing company is reportedly on the road to an i.p.o. there are his shoes, very colorful as always. jon erlichman caught up with levie at digital entertainment world expo. jon asked him about the company's plans to go public. and how they might be using box before it is released. >> there was a somewhat popular new release of a new album that happened by surprise recently, and one of the reasons why it was kept in secret so well is because box was the platform for managing that content. they were able to decide to reveal the information in the news at a time when they wanted to, and they could keep all of the security and controls in one place in the meantime. this is allowing content owners to actually do more with their information and have more security around it than if it hadn't gone to the -- >> beyonce? >> maybe, maybe not. speaking of secrets, it has been reported

we will discuss that next on "bloomberg west." ♪ >> this is "bloomberg west," where our focus is on technologyhe future of business. i'm emily chang with your bloomberg top headlines. is raising funds and putting evaluation at roughly $3 billion. is raising funds and putting evaluation at roughly $3 billion. products.kes rakuten buys chat app viber. it will help expand their user base outside of japan. and smartphone growth is slowing in china. shipments fell in the fourth quarter. the first drop since 2011. several factors may be behind the drop due to the popularity the fact that they did not start selling the iphone until the end of the quarter. businesses are not waiting for drone rules to be issued by the faa. f drone usage is in the tens of thousands. this drone boom is overwhelming the faa. airborne. >> drones have gone mainstream. >> they are making a movie without me. real estate is one area where real-life drones are being flown today. drones should neighborhood anderty and neighborhoods even capturing surfers hanging 10 off the hawaiian sure. -- shore. >> and has a high death camera

"bloomberg west welcome to "bloomberg west" -- welcome to "bloomberg west". the future of bitcoin is in question today. goxamount gox -- mt. exchange went dark overnight. thieves may have made off with millions. we will talk about that later. and from the nsa prison program to facebook's acquisition of story of but our lead the day, caroline hyde sat down today in chen barcelona. they talked about the value of blackberry's messaging service in light of the whatsapp acquisition. cory johnson is hereto well. one of their biggest assets. >> i was surprised when i started to do more research on whatsapp. m ist of people said bb dominant. u.s., butnot in the wherea strong service people want that business. it is an asset to blackberry. >> in general messaging is such a basic need, it's was interesting talking to allison rosenthal the acid -- allison rosenthal. in users.aw a spike people want it when they want it. >> what is going to happen, we are going to move away from the carriers for texting, whatever you want to collect, to other applications, over the top. i

back to "bloomberg west."think of wearable technology, you may think of a niche market of the obsessed geek. maybe not. you are just a little geeky, but you found wearable tech. >> on the slopes of park city, utah. for oakley, it's happening now. they communicate with users in real-time. >> it's the next generation. >> as they ride down the mountain, the goggles project a series of data points, altitude, maps, and speed. it may sound dangerous, but the monitors are unobtrusive and the services are interesting. the buddy finder find your friends of the mountain and tubes. all managed with a glove-friendly controller allowing the rider to switch between fields. >> we base everything off of technology and design and being first to market with products that are disruptive and revolutionary. >> they've already sold tens of thousands of these goggles. >> this is not just about geeked out goggles, but defining the brand as innovative. they sell cheap sunglasses to $650 ski goggles. it is estimated to be three .6 bill

we will talk to bob iger about that coming up on "bloomberg west." >> welcome back to "bloomberg west i'm emily chang. we are talking to david kirkpatrick from new york, zach coelius, cory johnson as well. listening more to what the ceo of twitter had to say, in addition to tweaking the products for more mainstream users, another thing that jumped out at me was this discussion of making twitter better for private conversations, a very public service by the way. listen. >> i talk frequently about twitter being this global town square. when you are walking through the town square and observing something, you often want to whisper to the person next to you about the thing you are both observing. that notion of private messaging we have brought forward, seeing it increased 25% and one quarter is enhancing that back-and-forth and forth between the public and private conversation. >> you can already send messages privately on twitter, but what does that mean, the whisper idea? disappearing tweets, snap chat competitor? >> the most exciting thing about twitter is not what it is today but wha

to the best of "bloomberg west."'m emily chang. on wednesday, the obama administration released new cyber security guidelines designed to get banks, utilities and other essential services to improve their defenses against hackers. they outlined basic voluntary standards they can use, but this framework doesn't include financial incentives to help companies improve their defenses. our editor at large, cory johnson, and i spoke with whitehouse correspondent, phil mattingly and ken bentsen, president and c.e.o. of securities industry in the financial markets association from new york. we began by asking phil, could this be a game changer? >> i think ken would have the perspective that this is a nice start but it is not anything that is really going to change the game, at least as it currently stands. it is a group of best practices, also a place where people with communicate and find best way to counter these cyber attacks. missing from this release, incentives to get big companies like the banks that are members of ken

morell be back with "bloomberg west" after the break. ♪ >> welcome back to "bloomberg west."e is partnering up with google, providing access to microsoft products on chrome books for the first time ever. will it equaled the modern corporate desktop? i want to get to cory johnson for more on that. >> big announcement in the computing world, just made in the last hour or so by vmware and by google and by these guys right here. how do you describe this? >> this is awesome. we are going to revolutionize to brands, bringing chrome to desktop. onple are trying to get them computing devices and with the power of virtualization, we're are able to bring that powerful technology and blast that into google chrome books. >> how much software is made for chrome books? fax there is a lot of stuff. if you think about the whole web, it runs on chrome books. not just consumer applications but vmware blast and other stuff. forything is designed chrome books. as long as it works on the web, it will work on chrome books. >> google is running out there with a flag saying you could learn microsoft

bloomberg west.'m emily chang. we just heard from the ibm ceo. i want to dig deeper into their business strategy and what she had to say. conducted thatck interview. york ising for a new also here. what was your big take away from speaking with her? we rarely hear her speak publicly so it is fascinating to hear what she has to say about the transitions happening within ibm. is interesting that she chose to make one of her first big talks at the conference in barcelona. it underscores how mobile has become a central to all technology. ibm is recognizing that that is a shift. she also announced that there was a watson mobile challenge today. the signature technology that they are so proud of, they are applying it to mobile. asking people to submit ideas and they will give prizes to the winning at. i think she has the right vision of the right changes, data, clout. she calls an engagement, and others might call it social. these changes do not happen simultaneously. ibm realizes that she has a giant airc

that is next. ♪ >> welcome back to "bloomberg west."els of twitter debut, a lotblic of tech companies looking to go public. alibaba, square potentially. >> who knows? people and the companies. it is an interesting time for smaller companies looking at ipos and what is going on in the markets. he always talk about the businesses. we talk to an important guy when it comes to technology. dangers ofbout the high evaluations present. >> we have seen it in a variety of industries. you are chasing this evaluation that wall street will get you if you aren't bloomberg growth company. it is almost like utilities. they are returning cash and getting rewarded for dividends and buybacks. they can grow that much. they are reacting in a muslim direct opposite now. i prefer to own those done the ones chasing revenue. >> you guys cover so many companies. i wonder when your analysts are covering those companies, are they talking to them about hate, the fed is tightening or china is slowing down. do you want to change what you plan your business? >> i wou

♪ >> live from pier 3 from san francisco, welcome to "bloomberg west."ur focus is on innovation, technology, and the future of business. here with our editor-at-large, cory johnson. tom perkins is at it again. at thedown at an event commonwealth club with "fortune" magazine, reiterating his key points about america's war on the 1%. he had a lot of controversial things to say again. we should be getting good stuff out of him as usual. is interesting to hear from the other side of this debate, even if i don't tend to agree with it. it's good to have a voice and put a face to it. you become that voice for the 1%. >> the most controversial thing he said was that rich people should get more votes. >> one would argue that they do. we will look at an interesting story. ways to find new media. .nteresting new publication jeremy talked about his amazing story he has written about, how technology is driving the decisions of the nsa in ways they never have before, perhaps exclusively providing content for decisions about drone strikes. nsa gathered cyber material,

to the best of bloomberg west.arned that yahoo! will be partnering with yelp on a search deal. be integrating reviews into its search results. it is similar to one that yelp has with microsoft and apple. how it impacts the companies, cory johnson and i spoke with brian blair. >> i think it is going to be similar what we see when we we will see yelp listings at the top. it yelp is a strong brand. it is going to bring an added degree of intelligence to yahoo! search. it will drive people to use yahoo! search because it makes it smarter. >> one of the interesting things social. is make it more yahoo! is never really had success with that. >> one of the things it is interesting as it was a apple do this 18 months ago with their mobile map tronic on ios. this order to build an yelp reviews. if you are searching for a variety of services, if that service had been reviewed, you saw two or three reviews. it was great for apple because it added a lot of intelligence to just searching for any kind of business. it was fantast

♪ >> welcome back to "bloomberg west."hares of linkedin are falling today after concerns that growth is slowing down at the career networking site after the company reported earnings. shares are down about seven percent of and first-quarter 460 million dollars, marking the fifth straight quarter of falling sales growth. to jumpstart growth, they are writing right media, a data company that helps job seekers. g bright media, a data company that helps job seekers. mark is joining me, thank you. i would to talk about drive first. after spending 12 years at sequoia, why move to ohio? andy partner, chris olsen, i, saw the opportunities here. there are 25% of the u.s. u.s.rch here done in the -- done in the midwest. you do not have the incubators and a lot of the technology that people could actually stay here and utilize, so people left. mark andreessen, who studied at the urbana, champaign, so we wanted to allow the best and the brightest here in the midwest, stay in the midwest. we fundamentally believe that today it is the b

ia. ♪ >> this is the best of bloomberg west.rolled over the broncos for the first ever super bowl victory. what about the commercials? they cost $4 million for just a 32nd spot. which companies scored and which ffed? >> we saw in the most robust way ever before thecompanies try to use super bowl ad. i am sure you can probably read my mind. budweiser's puppy love dad was really effective. a look at it again.et's take ? really activ you?, what about what did you like? i think what marketers wanted to do was this apple pie, budweiser type of thing. adhought the bud light really showed the problem with so many simple as where it was piles of money to be spent because they were going to buy an ad and they thought they had to do something stupendous. i don't think that told a great story about the brand. it was just so contrived -- >> is at the en is up for whatever isco >> -- is it the ian up for whatever at? d? in the end arnold schwarzenegger shows up and they're playing table tennis? >> i thought that a lot of the ads didn't take

we will have more of "bloomberg west" after this break, and you can find more on bloomberg.com and bloombergso. ♪ . . >> you are watching "bloomberg west." i'm emily chang with your top headlines. nokia will launch some new android phones before the deal to sell its handset business to microsoft closes. people familiar with the matter say that nokia will offer low-end android phones in places like india. the official announcement will be coming at the mobile world conference in spain later this month. sprint is showing signs of improvement after the nation's third-largest wireless carrier was bought by japan's softbank. noss -- loss narrowed. sprint lost about 59,000 monthly subscribers in the quarter, however. charter communications is upping the stakes in its takeover fight with time warner cable, nominating 13 candidates to the time warner board. all of the candidates are up for election in the spring, giving charter an opportunity to take over the board completely. ays his, the twc ceo s company will not be pressured into accepting what he calls charter's lowball offer. the income inequa

>> live from pier three in san francisco, welcome to "bloomberg west." secretary assistant of the treasury and no republican candidate for governor of california is with us. he will -- we will talk to him about everything from the elon musk battery factory to the silicon valley gentrification wars and the overall state of california's economy. tom films like "armageddon" "transformers" john frazier figured out how to flip cards pray we will bring you a closer look at the technology that he has developed. microsoft chairman john thompson is speaking exclusively to bloomberg television about the future of the company. cory johnson joins me now in the studio. you know him from covering him over the years. is the chairman of microsoft and took over for bill gates. i think the role of john thompson at microsoft cannot be overstated. they clearly made some really big non--microsoft like decisions at the board level not least of all making the decision about a senior leadership change. john thompson was the guy directing the board to make the decision that put

we will be right back with more of "bloomberg west." ♪ "bloombergback to west."ew samsung high-end smartphone will have a sharper and bigger screen. aboutrger display will be 5.2 inches and the phone will include an improved battery and camera. it is said to be released about the same time as an upgraded galaxy smart watch and may sell for less than previous models. there was pressure from at least one wireless carrier. fallon made his unofficial debut on "the tonight show" last night. it's the first time in 42 years the show is back in new york and hollywood is not throwing in the towel yet. a political story because of the tax breaks involved. peter cook cook is in new york with the story. midnight is too late for me. >> i saw a few clips today but this is a big story in new york. it is a symbolic loss for los angeles. the fact that the show has moved back to new york. that means there are still plenty of production happening in los angeles. in california, 17 billion dollars in wages in california because of the entertainment industry which is far more than new

♪ >> this is the best of bloomberg west.ttle seahawks blew away the broncos for the first ever super bowl victory. what about the commercials? they cost $4 million for just a 30-second spot. which companies scored and which companies missed? >> we saw in the most robust way ever before how companies try to use the super bowl ad. to get more eyeball time off the screen time. >> budweiser's puppy love dad was really effective. let's take a look at it again. >> really? >> #bestbuds. puppye you been to a mill? i don't even like dogs. >> ok, what about you? what did you like? >> i think what marketers wanted to do was this apple pie, budweiser type of thing. i thought the bud light ad really showed the problem with so many ads, where it was piles of money to be spent because they were going to buy an ad and they thought they had to do something stupendous. i don't think that told a great story about the brand. it was just so contrived -- >> is that the the ian is up for whatever at? -- ad? >> i thought that one was good too. in t

we will be back with more bloomberg west after a quick break. ♪ >> welcome back to bloomberg west.y chang. vm wear is partnering up with google. cloud was microsoft office was the chrome book equal the ultimate modern desktop. >> big announcement just made within the last hour by vmware and google. how do you describe this? >> this is awesome and it will revolutionize the way the two brands bring chrome to desktops. we are able to bring a powerful technology and load that into google chrome. >> how much software is made for chrome book? >> if you think about it, the any application ,hat you are used to using everything runs designed for chrome book. ,> what makes this interesting --seems to me it would allow >> we care about all of our users. there is a trend towards people moving towards cloud. they have certain legacy applications they want to bring to this. they can have the clout and be able to transition seamlessly. you have a lot of customers with windows xp. as you think about the way in which you want to be able to handle many of those old --lications >> they still want to

we will have more of "bloomberg west" after this quick break. ♪ >> you are watching "bloomberg west," we focus on technology and the future of business. hackers have hit at least one website owned by las vegas sands. they posted statements criticizing the chairman and staunch israel supporter over comments he made about iran. the company is working with law enforcement. disney is launching a program with the support of techstars. they will select up to 10 startups for the three-month program. participants will get $120,000 in venture capital as well as mentoring from top media and entertainment executives. alibaba is going to launch a new e-commerce site in the united states. the website is being developed by alibaba subsidiaries. it is focused on loading a compelling platform. today, here in san francisco, francois hollande will be visiting, first time in 30 years of french president has visited san francisco. >> do you take a french president to a french restaurant? apparently, the answer is yes. he is going to be having lunch with sheryl sandberg, eric schmidt, jack dorsey. part of

this is tonight show related. >> thank you both and thank you all for watching this edition of "bloomberg west all a little dumber for that. >> we will be back tomorrow. ♪ >> from bloomberg world headquarters in new york, i'm mark crumpton and this is "bottom line." tonight, a bloomberg exclusive with lockheed martin ceo, maryland houston. then a look at the debt limit debate two weeks before another deadline. and an l.a. coffee shop takes a shot at starbucks. ♪ to our viewers here 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 ad

>>he wants to if it "bloomberg west" -- split into six dates. "bloomberg west">> i like tim draper. love california the way it is. to bring major economic and political change to california. if we do that, i think even tim draper will be happy. >> what about minimum wage? a governor brown just raised minimum wage. when that help the poor? >> minimum wage increases are very low. it is devastating for those workers who are now out of work you were making eight dollars and are now out of a job. there are consequences to minimum wage increases. for me, a better way of raising everyone's wages is to bring more factories to california so the man or woman working at mcdonald's can go down the street and apply for a much better job. if we do that, everybody's wages will increase. >> i will talk to more about this after a quick break. neel kashkari here in california. we will have much more with him after this quick break. ♪ >> welcome back to "bloomberg west." we return now with our interview with neel kashkari. i want to talk to you a little bit about some of the tensions simmering around

>> live from pier 3 in san francisco, welcome to "bloomberg west," where we cover the global technology and media companies that are reshaping our world. i'm emily chang. every weekend we will bring you the best of west. microsoft makes it official after a long search. satya nadella is the former head of microsoft cloud. here is what he had to say about his plans. >> i would say the first thing i want to focus on is to remove any obstacle to innovation. and then focus on innovation of things that microsoft can uniquely do. >> microsoft also stated that bill gates will be stepping down. but gates will stay very involved with the company as a technology advisor. take a listen. >> i will have over one third of my time available to meet with product groups and it will be fun to define this next round of products, working together. >> we assembled a special roundtable to discuss microsoft's new options. our editor at large cory johnson and jon erlichman join these microsoft experts. >> i spent a lot of time working with satya over the years. he is a rare combination of a strong technologist

i am so pumped up. ♪ >> welcome back to bloomberg west. i'm emily chang.y brick, lego has built a feature film. the lego movie opens today. it features lego bricks and many superheroes. there are stars like will ferrell and morgan freeman. the road to hollywood was not always an easy one. sam grobart looks back at the danish way companies 82-year-old history. >> lego is possibly the most popular toy in the world. more than 500 billion cents have been produced since the first were made in denmark in 1949. lego is the world's largest toy company. unlike mattel, lego is still owned by the family that started it. it is a contraction of a word that means "play well" in danish. christiansen bought the first plastic injection molding machine in denmark and began making these small multicolored bricks. the design was on enduring success. any lego brick made after 1958 is similar to the case is made today. for decades, lego's prime customer was a nine-year-old boy. after a major loss in 1998, the company bounced back. they appeal to girls and adult fans of lego. le

we will be back with more of "bloomberg west" after this. ♪ >> welcome back to "bloomberg west."ily chang. i want to give you an update on what is happening in the ukraine. the president has declared a temporary truce with opposition leaders after violence forced him to grant sweeping powers to the army and the police. you are looking at independence square in kiev. protesters faced off with police earlier today. it looks like potentially that may have been averted, this story is developing by the minute. 25 people are dead, including nine police officers. many of the protesters are peaceful protesters. we know that technology has played a critical role in the protest on both sides. the government has sent mass text messages to people warning protesters if they are in a certain geographic area. protesters have used social media sites, youtube as well, to communicate and to organize. ukraine is home to a burgeoning technology sector. many u.s. companies outsource work to employees in ukraine, specifically many software focused employees. i want to get to jon erlichman with our blo

is outraged. ♪ >> welcome back to "bloomberg west." i'm emily chang. neighborhood is popping up in new york city. the development is expected to lift manhattan's west side to new heights and the man in charge of the new construction is the president of hudson yards, one of the speakers at this year's bloomberg businessweek design conference. we spoke to him about his plans. hudson yards is a lively neighborhood that provides for people to live, work and play. michael -- we have a lot of skilled technicians. we have got artists and engineers and my job is to make that we are producing music and not cacophony. partn is a very important hudson yards.sion because we are building over the railroad tracks, we are building our own land, our own streets, our own gardens. there is a requirement that half of the ground plan had to be open to the sky. that is unusual. zoning, twicethe as big as you might think is normal development. we did not fully appreciate how big the buildings are. one challenge is the sheer magnitude of construction. billions of dollars of c

>> welcome to "bloomberg west." i am emily chang. every weekend we'll bring you the "best of west," the top interviews with the power players in global technology and media companies that are reshaping our world. it was one of the most talked about stories of the week, tom perkins apologizing for comparing the war on the rich in america to the persecution of jews. is claimant perkins founder defending his message saying a wealthy americans are being demonized up by the 99%. he wrote it to an editorial in the wall street journal and joined me. i asked if he regretted the comparison. >> yes. head of thethe anti-defamation league, this morning following up on a letter i sent over the weekend apologizing for the use of the lnacht."iste it was a terrible word to have chosen. i like many have tried to understand the 20th century and in the incomprehensible and evil of the holocaust. , even to be explained try to explain is questionable. it is wrong. it is evil. used the word because during the occupy of san francisco by the occupy wall str

we will be back with more of "bloomberg west." we will talk about whatsapp and facebook. ♪ >> you are watching "bloomberg west." facebook but whatsapp. how will this impact the dat mar -- the market. me toxt guests are with talk about this. thank you for being with us because you are two of the foremost thinkers on what's going on in mobile. i have to ask a question about the numbers -- 19 ilya and dollars, 11% of the facebook market cap or it >> it's a bit like the instagram acquisition. was instagram worth $1 billion? zuckerbergn for mark is around maintaining share engagement and share of social activity. whatsapp has 450 million active users come a 75% of them active every day. that is a significant advantage of they spoke users. -- of facebook users. they are taking a big chunk of people who should have been using facebook and they are using facebook first. do you just sit and compete with that? they have been looking at facebook message for the last year or so and that has not stopped the clock. you might say this is a great

we will have more on microsoft's next. ♪ >> welcome back to "bloomberg west."e are discussing the big news of the day. microsoft officially naming its new ceo, satya nadella, to replace steve ballmer. they've released a series of videos. take a listen to what don thompson had to say. >> after reviewing all of the candidates, satya nadella was our first and unanimous choice. he has the technical expertise, the product experience, and the leadership attributes we were looking for. >> former ceo steve ballmer also had something to say. take a listen. >> i am so excited today to be part of announcing satya nadella as our new ceo. he is a microsoft veteran, 22 years he and i have had a chance to work together. i know satya nadella will lead this company into the future and that future is going to be right with innovation, with growth, and with impact in the market and on the world. i love this company and today could not be a better day. >> we will all certainly miss steve ballmer's enthusiasm. we are here at a roundtable of special guests. microsoft's former presid

live from pier 3 in san francisco, welcome to the late edition of "bloomberg west," where we cover the global technology and media companies that are reshaping our world. i'm emily chang. every weekend we will bring you the best of west. the top interviews with the power players in global technology and media companies that are reshaping our world. microsoft makes its official after a long search. socgen adelle is the company's santiago -- satya nadella is the company's new ceo. here is what he had to say about his plans. >> i would say the first thing i want to focus on is to remove any obstacle to innovation. and then focus on innovation of things that microsoft did uniquely do. >> microsoft also stated that no -- that bill gates will be stepping down. but gates will stay very involved with the company asked -- as a technology advisor. take a listen. >> i am thrilled that satya has asked me to step up. i will have over one third of my time available to meet with product groups and it will be fun to define this next round of products, working together. >> to talk about microsoft's new

♪ live from pier 3 in san francisco, welcome to the late edition of "bloomberg west," where we coverhe global technology and media companies that are reshaping our world. i'm emily chang. our focus is on innovation, technology, and the future of business. microsoft makes it official. the dela is a former head of microsoft cloud and enterprise business and has been with the company since 1992. here is what he had to say about his plan. >> first thing i want to focus on is ruthlessly remove any obstacle that allows us to innovate. innovation of on things microsoft can uniquely do. >> microsoft also announced bill gates is stepping down as chairman with john thompson taking over that role. stay veryoing to involved with the company as a technology advisor. >> i am thrilled satya nadella up,sking me to step increasing the time i spent at the company. in i will have a third of my time available to meet with product groups and it will be fun to define this next round of products working together. >> we assembled a special roundtable. diego,drosky from san curt of d.c.. he was president of

we will break down the costs. ♪ >> welcome back to bloomberg west. re with our special guest host, brad stone of bloomberg businessweek. a busy week for us covering this whole facebook what's at acquisition -- whatsapp acquisition >>. >>when you download the app after it was acquired come you really fail. >> actually did have it on my phone, but none of my friends are on. so i deleted it. i think a lot of people in the united states are not used using it because it is more widely used by people who live abroad to communicate with people in different countries. one of the things i want to talk about today is, where the cost of this is going. he was shouldering it? it may be the carriers. social messaging apps have already cost the carriers $32.5 billion annual will cost them $64 billion by .16. running us from london a smart little. -- is martin little. >> the messaging figures that we have produced are a function of several different drivers and variables. a lot of which we don't tell people about. they are confidential to us. we talked with a lot of