. >> that was bloombergs matt miller from orlando, florida.ifornia hit with the biggest earthquake in 25 years over the weekend. what can technology do to help businesses perepare for the next big one? that story is next. ♪ >> you are watching bloomberg west where we focus on innovation and the future of business. earthquake technology is back in the forefront after northern california was hit with its strongest quake in 25 years. magnitudening 6.0 center just south of napa injured more than 170 people, damaging dozens of homes. of the u.s.rad geological survey. i asked them what was unique about this earthquake. 6.0 earthquake west of napa which is near the west napa falls. we will have more information on whether it was on that fault or another. it has been 25 years since we had an earthquake this big. it is more of a surprise that it took that long to have an earthquake of this size. is shaking in the area affected is very difficult for a 6.0 earthquake. the most vulnerable structures with the one that were affected by the strongest shaking

. >> that was bloomberg's matt miller from orlando, florida where madden happens.thern california hit with the biggest earthquake in 25 years over the weekend. what can technology do to help businesses prepare for the next big one? that story is next. ♪ >> you are watching "bloomberg west" where we focus on innovation, technology and the future of business. earthquake technology is back in the forefront after northern california was hit with its strongest quake in 25 years. sunday morning's 6.0 magnitude center centered just south of napa and injured more than 170 people, damaging dozens of homes. i spoke with richard allen, the director of berkeley's seismological laboratory and brad aggar of the u.s. geological survey. i asked them what was unique about this earthquake. >> it is a 6.0 earthquake on this secondary fault system west of napa which is near the west napa fault. we will have more information on whether it was on that fault or another. it has been 25 years since we had an earthquake this big. it is more of a surprise that it took that long to have an ea

. >> i love the football of session that is bloomberg news's matt miller. ill be back to talk more about hp and autonomy and a whole lot more when "bloomberg west" continues. ♪ >> you are watching "bloomberg west." ovation,on an technology, and the future of business. i'm cory johnson. back to you -- back to hewlett-packard. the hp and autonomy case. it will have an important moment in the courts. i want to turn now to venture capital investing in europe. interesting things going on and a different approach about things being taken on. a lot has been involved in the adls -- big deals. right now. joins me good to see you. i have not seen you in quite a while. let's talk about what is going on with earlybird venture capital, what you guys are doing, and where your focus is in europe. investments are available to you in europe? in continentaled europe. there are a number of vc's -- there is a very healthy that have received funding. it is a good spot to be in. >> this is what people say about silicon valley -- there might be silicon valley-- of phoenix or detro

. >> bloomberg's very own matt miller. s it for this edition of the best of "bloomberg west." you can catch us monday through friday 10:00 a.m. and 3:00 p.m. pacific. we'll see you next weekend. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg l.p., its affiliates or its employees. >> now, a paid presentation for the amazing new sheer cover studio mineral makeup, hosted by brooke burke charvet. with special appearances. >> imagine if you can make any flaw on your face instantly disappear.

. >> bloomberg's very own matt miller. that does it for this edition of the best of "bloomberg west." you can catch us monday through friday 10:00 a.m. and 3:00 p.m. pacific. we'll see you next weekend. ♪ ♪ >> puerto rico's beaches and sunshine have always delighted tourists. for years, the economy has struggled under a cloud of debt. now, the government insist that the outlook is improving. >> there is the doomsday prophecies about being like detroit or greece, they have forecasted wrong. >> creating tax incentives for business. puerto rico is taking steps to

. >> bloomberg's very own matt miller. and that does it for this edition of the best of "bloomberg west." you can catch us monday through friday 10:00 a.m. and 3:00 p.m. pacific. we'll see you next weekend. ♪ >> coming up, possibly the most amazing medical discovery this century. a miracle ingredient known to be critical to every aspect of

. >> bloomberg's very own matt miller. and that does it for this edition of the best of "bloomberg west." you can catch us monday through friday 10:00 a.m. and 3:00 p.m. pacific. 1:00 p.m. and 6:00 p.m. eastern time. we'll see you next weekend. >> johnson & johnson is a company with many products and brands that has been around for 128 years. what is ahead for the next century? >> we believe in a diversified model. >> that strategy is not going away. it the company also has its eye on an emerging market. >> the growth we have seen in asia was impressive. >> new global standards are also a priority. >> we basically took a pause and said we will go to every plant and make sure that we understand what we need to do to have consistent, appropriate standards. >> be more than a century-old company is taking a page from silicon valley. >> bright people, good ideas. giving them the space to operate. >> we are giving them the innovation that will fuel their

. >> bloomberg's very own matt miller. s it for this edition of the best of "bloomberg west." you can catch us monday through friday 10:00 a.m. and 3:00 p.m. pacific. we'll see you next weekend. ♪ >> the following is a paid program. >> the following is a paid presentation for body beast, the fast proven way to build muscle and build your best body brought to you by beach body. >> this is as real as real gets. we will learn and we will sweat and we will have fun and we will see results. >> before body beast, i was soft and chunky and this is a after results.

bloomberg television. i am erik schatzker joined by matt miller. rth exceeded 15 billion of the end of june -- cash surpasses 50 billion at the end of june. when is he going to swing for coversces? our analyst herbs are halfway up bloomberg and will help us try to answer that question. >> cash surpassing 15% of the assets. does not happen that often. when it does, what does he do? >> he looks first and foremost to buy the whole company. he did this with burlington northern. he has been a lot of not sometimes. there are about 80 subsidiaries. so the big examples of this is last year he spent $12 billion buying heinz. but the year before $11 billion amassing a stake in ibm. now he has $55 billion. i have heard in the past times where he has had increments of that, 40 billion dollars and $30 billion. the most interesting part of the story i thought was right now everyone has more money than they have they have ever had. does warren buffett amassed these huge cash positions every time everyone else does as well because then it makes buying opportunities

"in the loop" is next on bloomberg television with matt miller this morning. day. ♪ >> good morning. it is tuesday, august 6. we are alive and bloomberg headquarters here in downtown that -- downtown manhattan. i am matt miller. of largest ever acquisition a restaurant chain. warren buffett is jumping in as well. the s&p at the top 2000 yesterday for a brief moment. could this momentum continue? an investor is not so sure, marc faber. and jay-z is teaming up with kevin durant to outbid out against nike. the sponsorship war is heating up. here is a look at our top headlines. a done deal. burger king you read to by tim horton's for $35 million. it will move to canada and take advantage of lower canadian tax rates. the u.s. has begun surveillance flights over syria. that can lead to airstrikes over islamic state militants.

that means bloomberg is on the market. matt millerstanding by. >> i want to get you caught up on where stocks are trading today. take a look at the indexes, up across the board. all day long on optimism that the situation in ukraine will not get out of control and that the bad economic news, the negative economic news this morning will be overshadowed by better news later. a couple of stocks we are watching, ge is in talks with electrolux. this is according to people with knowledge of the matter. the start of quirky is said to revenueering with equity funds, including blackstone. the ge appliance division is expected to sell for at least $2 billion. and we are watching shares of cisco, the network maker cutting 6000 jobs as it forecast little to no growth going forward. of nearlygotten rid 26,000 people over the last 5.5 years. we are back on the market in 30 minutes. more "bottom line" on the other side of this break. ♪ >> welcome back to the second half-hour of "bottom line" on bloomberg television. i'm mark crumpton in new york. th

keep it here on bloomberg television. ♪ >> welcome back. i am matt miller today on what could be an historic day for the stock market. it is 26 minutes past the hour. bloomberg television is on the markets. take a look at futures here. not a lot of jews. green arrows at least across the board. the dow and the nasdaq. look at that here in 1997. yesterday, we went through 2000 just briefly on the s&p. those are futures and that at the cash market. >> it would be historically closed above. we did have a historic day yesterday. but not historic enough for you. >> that is right. historicto be a more day today. i have faith that could happen. let's get to the top 10 stocks you need to watch. they are the only stocks you need to watch today. .livia and julie obviously here goldman sachs is number 10. initiating coverage on the firm with a buy rating. goldman proxies -- goldman's learning prophecy -- goldman shares are flat year to date. >> number nine, digital. the recording companies out with a new device. a new version of its romeo dvr is aimed at people who do

"bloomberg west" will be right back on the other side of this break. i'm matt miller, on the markets every: 26 and: 56 on the hour. stay with us on bloomberg television. . . . "bloomberg west >> you are watching -- >> you are watching "bloomberg west." i'm emily chang. russell simmons helped hip-hop artist break into the mainstream and he has since founded a business empire with everything from movies to music to clothing. his newest venture is helping new artists achieve success in the digital world and beyond. more -- four more from l.a. by russell simmons and a partner at great cost hundreds -- great cost -- great cross partners. russell, what are you going to do with the money? >> we want to find important content. we have a lot of young directors, writers, comedians, poet, and people that need exposure, and with the partnership with the music company we are putting out one record week with samsung. so, the money -- we do not need the money. the brilliance we need. we do not need the $5 million. we need the brilliance. looking at the executive pool, these guys kno

bloomberg is on the markets. matt miller is standing by with the details.movement as far as the intraday trade. the s&p hovering around the 2000 level. we're looking at the best month this year since february, up three .6% compared to more than four percent in february. highlighting a couple of individual stocks. astrazeneca just advance to phase two trials, boosting hopes for success with speculation that talks have resumed after a failed takeover attempt by the u.s. drugmaker back in may. big lots. the discount retailer second-quarter profit came in just shy of estimates. same-store sales falling short as well. big lots raise the lower end of the forecast for the year and announced a $125 million buyback plan. on the markets. we're back in two minutes time. ♪ >> welcome back to the second line.'ur of '"bottom i am mark crumpton. california is now three years into a drought. over 90% of the foreign yet is said to be in the mid-studs severe, extreme or exceptional drought. teamster is with no west -- -- national oceanic and atmospheric association. he joins

joining us now is olivia sterns, looking into the findings, and bloomberg news editor matt miller joinst with confirmation for a lot of people that a lot of the wealth is not counted. >> basically the story is that we have been lowballing the ultra-wealthy around the world. the reason is because their fortunes span continents. any of them are in various access -- various assets and they are hard to measure. the top 1% also deliberately puts money into offshore accounts and are not responding to questioners about how much cash they have. what is also interesting, if you look at who is courting the most wealth and keeping it offshore in terms of share of wealth, it is the gulf countries and russia in terms of overall volume. >> your job is to dig out that data and that money from these billionaires. >> that's right. one of the ways you do it, you do not just hold off shore accounts, you move your entire company. we are talking about large private companies. one way to stay under the radar is to put your money into a charitable foundation -- ikea's founder does that. dieter schwarz, who ow

that means that bloomberg television is on the markets. matt millers standing by. >> a down day on wall street, but it comes after two days of gains. the two biggest gains back to we have seen since april for the s&p 500. ae dow has been in the green couple of times today, and it is currently down about 31 points. onwant to get you caught up the stocks, individual movers we are watching. twitter, the microblogging site is introducing video ads after finding that embedded clips are effective engaging users. this will allow marketers to pay every time someone clicks on their ad. also watching shares of intercept, the pharmaceutical company released data that shows it's drug-free liver disease was able to reverse damage done to the liver. this may provide a new option for patients. more "bottom line" next. ♪ >> welcome back to the second half-hour of online on bloomberg television. thank you for staying with us. steve ballmer is now officially the owner of the l.a. clippers. this is after a california judge ruled that shelley sterling had the authority t

. ♪ >> time for bloomberg television on the markets. i'm matt miller.et you caught up on where stocks closed for the day. not a heck of a lot moving on the dow. the s&p 500 up a third of a percent. s&p closing out its best month since february. for august.% in february we were up 4.1%. ♪ what that will really disrupt the banks, similar to the lending club model. banks are not providing the capital both to businesses or consumers. most banks cannot make money providing a business on 410, $20,000. they look at them as consumers, really. they are requiring them to give a personal guarantee. at the end of the day. the way that businesses and consumers for hundreds of years. >> it seems like the innovation isn't just on the side of the person of the money. the ability of investors who want to get a rate of return in an arena where it wasn't available to them. >> banks are taking in deposits. granny is putting in her lifetime savings and banks have to be careful where they are making their loans. a lot of individuals and institutions looking at this last form

. ♪ >> time for bloomberg television on the markets. i'm matt miller.'s get you caught up on where stocks closed for the day. not a heck of a lot moving on the dow. the s&p 500 up a third of a percent. nasdaq up 0.5%. s&p closing out its best month since february. up about 3.7% for august. in february we were up 4.1%. ♪ >> you are watching "bloomberg west," where we focus on innovation, technology, and the future of business. lending club, one of the largest online loan services, has filed -- an ipo. an online the peer lending site has facilitated over one billion dollars in loans in the second quarter alone. what could be ipo mean for the future of banking? ,ory johnson is still with me with david golden from new york. david, your company does something similar to what lending club does, on a smaller scale. what do you see as the potential for peer-to-peer lending in the united states? >> what you will see, like many industries, how huber is disrupting-- uber is logistics, alternative financing will disrupt banks. similar to the lending club model. ban

. ♪ >> bloomberg television is on the markets. i matt miller. get you caught up on stocks right now, you have the dow shifting down to the red, little change. 500 coming in under the 2000 level. it didn't have you bounced back under. still in the green. regardless of the movements we are seeing the last few days, this is going to turn out to be the best month since february. august has not been bad at all for stocks. stay with us for more bloomberg television, "bloomberg west," more on the markets in 30 minutes. ♪ >> you are watching "bloomberg west," where we focus on the future of business. i am emily chang. has filed for an ipo with initial registration of $500 million. it has facilitated over one billion dollars in loans in the second quarter alone. what could lending club's ipo mean for the future of banking? cory johnson is with me and david golden from new york. company does something similar to what lending club does. what do you see as the potential for peer to peer lending in the united states? like many industries, you're going to see

i am matt miller. bloomberg headlines this hour, china says there's evidence mercedes-benz has manipulative prices for auto parts and maintenance. a number of foreign auto companies are being investigated in an anti-monopoly probe. among them, microsoft and qualcomm. credit suisse has been caught up in the controversy over the collapse of portugal's bingo. according to the wall street journal, credit suisse helped sell billions of dollars of securities that played a role in the bangs crippling losses. the journal is also reporting sprint pots new ceo is preparing to roll out new price plans for mobile customers. he took over last week. no word on what his place prince will look like, but sprint has talk, text,limited and data plane for $50 a month. we are on the markets. scarlet fu has more. >> our focus is copper. the directionast of the global economy. so far in 2014, copper is the worst performing base metal. for more, ken hoffman who covers metals and mining for bloomberg intelligence and joins us from princ

matt miller this morning is up next. have a great day. . >> good morning. we are alive from bloombergers in midtown manhattan. you are "in the loop." i am matt miller. startingampacked show, with the world's most exotic and expensive automobiles all gathered in pebble beach over the weekend with sales this year coming to a record 350 million dollars in just six days. i will bring you the highlights. house that auction for the for ari -- ferrari a record $38 million. we will hear what they did yesterday and last night's option. first, look at the top headlines. another shot has been fired in the takeover for family dollar. dollar general is made an offer higher than the one made by dollar tree last month, about $9.7 billion in total. kurdish forces have finally recaptured iraq's largest dam from islamic state militants, better known as isis. president obama has widened the scope of airstrikes against those rubbles.

. >> thank you so much, matt miller, our cars correspondent in new york. ♪ >> welcome back to "bloombergm emily chang. electronic arts is getting an assist in its upcoming fifa 15 game. making the game more realistic, tim howard spoke with us about what it was like. >> a really tight suit. it is kind of fun. i am used to the tight close. once you see yourself on the screen, how quickly they capture the images, how accurately, which is what we're are doing with motion capture. >> tim howard, a national hero for his amazing performance in the world cup. fifa 15 comes out next month. speaking of fifa, electronic arts got a big boost from the world cup. ea says sales for its ultimate fantasy league was up 80% during the games in brazil. world cup mobile drove the user engagement to a franchise record high. join us to discuss about this and everything gaming related, just how much of a boost are they expecting? there was a lot of interest in the world cup. it gave fifa a boost. >> tim howard is going to help. they do try to make everything as realistic as possible. for example, fans of tim ho

matt miller is a stunt double. we will continue in a moment. ♪ >> get the latest headlines at the top of the hour on bloomberg radio and streaming on your tablet.com. that doesn't for this edition of bottom line on bloomberg television. thank you for joining us. on the markets is next. i will see you tomorrow. >> it is 56 past the hour, that means bloomberg television is on the markets. let's take a look at where stocks stand until an hour after the closing bell. still hanging onto gains. for the s&p 500. double that for the nasdaq. we look at the interplay between stocks and bonds. a very little movement in the treasury market. the yield was unchanged at 2.41%. by portfolio manager at western management, one of the largest bond fund managers in the nation. let's talk about what is happening in the bond market recently. one of the things i talk about frequently is how the bond market defied expectations this year. rates remain stubbornly lower. to me about the action. >> an explanation is the three f's. .he fed is all-encompassing the third would be flows and the war -- the second would be flow and the third would be fear. we don't think the r

bloomberg radio and streaming on your tablet. that does it for this edition of "bottom line." "on the markets" is next. i will see you tomorrow. i am matt millercaught up on where stocks are trading. -- gains forgains a small part of the trading day early this morning, we have turned it down with european stocks. up half a percent on the s&p 500 index. a yieldes, we saw diversity in the two year and 10 year. they are all going down. people are rushing in to buy bonds. i am joined by steve wood. thank you for joining us. let's talk about europe. that is the driving force behind what we are seeing. ecb spook the markets today? >> they are confirming the weakness we are seeing in europe. we do not think the recession is going to revisit much of the eurozone, but the economies are fragile. we saw fragility and germany as well. the european central bank is preparing the groundwork for a liquidity process. they are doing this because they see inflation is too low. taken one interest rate negative and lowered the other benchmark rates. the is a confirmation of weakness. >> investors are paying germany to lend money. confirming europe is sick because

matt miller, thank you so much. it was pretty good. you can get all the latest headlines at the top of the hour on bloomberg radio and all the time at bloombermu so much for watching this edition of bloomberg west. see you later. ♪ the nation bridging the income gap. india's world bankers. securitydo, it needs too. and this woman does more than satisfy the munchies. that is in

." ♪ "in there watching loop" live on bloomberg television and streaming on your phone and bloomberg.com. we are modern and hip. i and matt millertty liu is back tomorrow. i want to give you a look at our top headlines. mario draghi is nudging the european central bank closer to quantitative easing. the president -- the ecb president warned -- meanwhile, the dollar hit an 11 month high against the euro. once again, it will be tougher to make partner at goldman sachs. more thanll name no 70 partners this fall. that is about as many as it names two years ago, the smallest >> since 1999. in 2006, 119 partners were named. partners can make millions so they have to keep the number as low as possible. the bazaar series of incidents involving sony's playstation unit. sony's online gaming and entertainment networks were knocked off-line by an attack. hackers warned about an explosive on a flight carrying the president of sony entertainment. american airlines says the plane was diverted for a security issue, probably that one. speaking of gaming, that is the sus that -- the subject of today's big number. 48%, the percentage of gamers tha

matt miller, thank you so much. it was a pretty good byte. you can get all the latest headlines at the top of the hour on bloomberg radio and all the time at bloomberg.comu so much for watching this edition of "bloomberg west." see you later. ♪ >> don't miss these inspirational stories of cancer survival in the following program, brought to you by cancer treatment centers of america. this is a story about fighting cancer, a story about fighting complex and advanced stage cancers. heartbreaking cancers, but it's not a tragedy, as you might expect. it's a comeback story, because these people, rod, melanie and te

matt miller. today's loose change, after a man's leg became trapped, a transportation worker and fellow riders worker and fellow writers joins together to help them out. ♪ >> time now for bloomberg the markets. in julie hyman. let's look at where the markets close. little changed today. somee downside, we had canceled deals or closed outright deals. time warner sharply lower during the session. and energy stocks have been some of the best performers today. they did give up some gains during the day. the o energy rose 3%. of $1.69 a low barrel. joining me, our senior oil and gas analyst. interesting day in the oil markets here. and again, you have that disconnect where originally, earlier in the session, oil was higher, energy stocks were higher, and then we had a little bit of a reversal. what is going on here? is a type of refrain. within the energy complex , there are levered equities. what you have here are demand, supply, and balance. on the demand side, we had a relatively cool summer. cool days, which is a proxy for demand. injections into storage had a slow start in april. that accelerated in june and july. we're sitting here today with gas in storage of roughly 2.3 tcf.

matt miller earlier. still to come -- it's lights out for r.w.e.'s profits. the german utility giants swings to a loss. we'll talk to the c.f.o. ♪ >> welcome back to "the pulse" live from bloombergters in london. i'm anna edwards. here are the top headlines this hour. iraq's caretaker prime minister has lost the support of his own party. the group is undering its members to abandon the current prime minister and back the nominee. however, nouri al-maliki insists the attempts to replace him are illegal. r.w.e. has turned to a loss in the second quarter. a surge in clean energy power generation hit prices. they're cutting capital spending and selling ago sets to reduce costs. it's their biggest producer of electricity. we're live with the company's c.f.o. later in "the pulse." and the eurozone recovery unexpectedly stalled in the second quarter and its biggest economy failed to grow. germany shrank more than expected, while france flatlined. that underlines the vulnerability of the country and the deepening crisis in ukraine. so 10:31 here in lone done. let's get inside the markets with our markets editor, manus cranny. >> quths are finding it tough. you've got virtually flatlinin

bloomberg television is up next. ♪ >> good morning. it is tuesday, august 19. we are live. you are "in the loop." i am matt miller.ou this morning. announcing a massive mining spinoff, separating aluminum, coal, and silver divisions. we will bring you all the details in just a moment. clippers los angeles owner, steve ballmer, speaking out like only he can. we sat down with an exclusive interview. you do not want to miss it. would you not like to own your very own life-size lego house? at your age, i hope the answer is no. for the woman who has everything else, it is a possibility. we will take you to denmark to speak with a ceo about the company's new sold-out line for girls. first, a look at our top headlines this morning. bhp preparing for the biggest spinoff in mining history. bhp is separating its aluminum, coal, and silver assets, creating a company value of $6 ll