our focus is on commerce. what we're good at is connecting a buyer and seller to do a transaction safely and reliably. that is our peace of the pie and it is a growing piece of the pie. it is growing to a $10 trillion market. we think there's plenty of opportunity for us to be successful and others as well. >> we're going to talk more about payment after this break. the ceo of ebay -- we will hear more about him and a few moments. byy're working on delivery drone, but ebay can already get you your packages in just one hour. that is something that amazon does not offer. that is next on "bloomberg west." ♪ >> welcome back. we are inside ebay. we are broadcasting live from ebay's headquarters in san jose. i am emily chang. in the world of same-day delivery, time is money. ebay has an advantage over its competition. a promise same-day delivery at one hour. that is something amazon and google do not offer. we will tag along with a courier a bit later in the show. i want to talk to john donahoe, the ceo of ebay. i a

so our focus is on commerce. what we're good at is connecting a buyer and seller to do a successful transaction safely and reliably. that is our piece of the pie and a growing piece of the pie. it is growing from a $1 trillion market to a $10 trillion market. we think there is plenty of opportunity for us to be very successful and others as well. >> all right. well, we're going to talk a little bit more about payments after this quick break. john donohoe, the c.e.o. from ebay. we'll hear more from him in a moment. as i mentioned earlier, amazon may be working on delivery by drone, but ebay can already get you your packages in just one hour. something amazon doesn't offer. that's next right here on this special edition of "bloomberg west." ♪ >> welcome back to our bloomberg west special inside ebay. we are broadcasting live from ebay's headquarters in san jose. i'm emily chang. in the world of same day delivery, time is money and ebay has an advantage over its competition. they promise same day delivery in an hour

you are inside the commerce and innovation showcase. what is that about? >> this is a place where they try to explain to their many retail partners what the technology behind ebay allows for these retailers to do in their stores. we know that paypal is available in a lot of store locations. how do you explain that to retailers who see business change quickly? you build something like this. >> this looks like a shopping mall. >> this is where the honey mustard is. >> but it is not a store at all. it is a fake storefront built by ebay to demonstrate the future of shopping. >> this is our technology playground. it gives us an opportunity to showcase what we have put into the market. >> hill ferguson is the chief product officer. >> if you look at what e- commerce retailers were able to do for online shoppers, personalizing the website and giving them custom storefronts when they register and come back to it, none of that is in the offline world today. >> for paypal, that means for having businesses to replace cash registers with ipads that run paypal software

e-commerce is growing.ver 90% more use paypal to buy things than last year. >> 91% more sales on thanksgiving. 99% more on black friday. that is incredible growth. why is that happening now? >> people do not want to be waiting in stores. they prefer buying online and on mobile. mobile is growing like crazy. >> because growth is so great, can you tweet about the results? or is it too big? >> we can see it. in europe, the economy was slowing down. we had to compensate. generally the team really fights when those things happens to try to compensate for the macro. >> how do you compensate? >> be more aggressive and getting more merchants and doing more promotions. when we have macro events, they try to compensate. >> it is hard to see anything at a macro level. what are you staying in terms of the economic environment in the u.s.? >> this quarter was slow to start, right? look at the holiday shopping, it was pushed late. other than that, i think things are looking better and better. >> you have done so many acq

in fact, it never entered commerce at all. you see, that grain never even left roscoe filburn's farm. he used it on his farm to feed his family, to feed his livestock, and he used the remainder, held onto the remainder of it to use as seed for a subsequent planting season. so in a very real sense that wheat was not part of interstate commerce at all. nevertheless the supreme court of the united states lacking nothing in imagination said that even that wheat was within congress' almighty grasp within the all-knowing, wise reach of the federal sovereign. what the court said was that the wheat grown by roscoe filburn in excess of the grain production quota was itself something that when viewed in the aggregate could substantially affect interstate commerce. in other words, if lots of farmers everywhere just like roscoe filburn grew too much wheat, even if their wheat never entered interstate commerce, the growing of all that excess wheat would inevitably have an impact on the supply and the demand and ultimately the price and the

we are excited to be hosting the commerce secretary.ing companies, running companies, and now is bringing companies running companies here in the u.s. before we get started, i would like to thank bank of america for this fantastic series of conversations. we have had an amazing year in different parts of the country, people from all across the spectrum talking about issues that matter most in washington. we are grateful to bank of america for making this great series possible. now, i brought along my twitter machine here. we will take your tweeted questions. first of all, good morning to you in live stream land. if you have a question for us, please tweet it to #pla ybookbreakfast, and it will pop up here and i will ask it. without further delay, commerce secretary penny pritzker. good morning. thank you so much for coming. >> thank you. of anave a little bit extra friend here. some of you know, i broke an ankle bone by working out. am getting no sympathy from the secretary, because i found out she twisted an ankle .ne-time and ran in i

ever shops are getting creative coming up with ways to make the trip worthwhile and now the e-commerce is taking russia by storm department store attractions are getting bigger and better as i found out. the man like me who was really ultimately it was something i was authentic a bit completely blown up with take you know here you know cross it down what you call me was it was like man we thought this was going to drop very low inflation name oh no place but this was last year that was the job done getting it done various let me get more about that for you so i'm lead the way on that one of the things that you were talking fun because they may love not suppose i am right that is it ok i'm going at it right bob. but while this all looks like great fun when it comes to e-commerce well it's a force to be reckoned with here in russia there are sixty million internet users

most of the retail stores are doing e-commerce and have sophisticated sites and now the e-commerce peopleiguring out to compete, they probably will need in a lot of cases a brick and mortar store because a lot of the population want to touch and feel and experience the product. there's no question that the package of having both a great website and a great store is going to be, i believe, who is going to be the leading retailers and competitors out there. >> it seems, chris, that warby parker did it right. they tested it online without putting the big capital investment in the store. >> they did. the broader trend is online and off line are smashing together. the differences are blurring more and more. to jay's point, i think every off line retailer has to have an online presence, even if just for marketing and outreach. not every online retailer should go off line. but some can. i think warby parker is a perfect example of one that had built a brand out of nothing. i think that's part of -- you have to stop and pause and look at warby parker. they've sold 500,000 pairs of glasses and giv

will you think e-commerce morph into brick-and-mortar commerce? you have to have the pope geomet centers closer to people. >> it sounds that way. you look at the amount of money these companies are investing into their full film and centers, if you think about it, same-day delivery is coming to a lot of product categories. what do you have to do for same day delivery? you need inventory on the ground in local markets. >> i was really hoping for a drone. amazon is pushing off the blame to ups, but to your point, which is what a former guest said, amazon could have done better to manage those expectations. would it have been so bad to say, you cannot get it by christmas day. i wonder if next year you will see a shift in customer patterns. that said, you know that amazon and ups will move heaven and earth to prevent this from happening again. amazon, ups and fedex are pretty much the only game in town. so again i come back to that collaborative relationship. they have to work something out themselves. >> we are looking at fedex stock come up one perc

the formal department industry and commerce. the new capital registered reforms have reduced the threshold for company registration. able to get the legal protection. leo to pop a law professor at university of china because the premier would imply that online store should register support the idea. under that assumption that. the new reforms offer limited liability. we have to visit the benefit of online stores they can enjoy unlimited liability. the store owners have debt for compensation from the liability when it's the register after the company could to protect them again using private property. many online shoppers in time to run to promptly takes a lot of the stores are not only registered consumers to get comfortable. we appeal to working towards the register to protect that right. e commerce site of course to register the many which outshot. it would create a more regulated marketplace which have the benefit. but of course the only common to have the cute cover interference into one the world's biggest marketplace. okay

, particularly small business commerce in the city. so, in terms of the projects, the capitol projects, which i think have been probably the main source of concern, this flowchart is meant to show kind of an over all, over all process. and one of the things that i have spoken to a number of you about, is our opportunity to do the public engagement and out reach, better, including engaging people sooner in the process, and as i have also shared, we are developing a new approach to that. and which we should very soon have a draft of and be happy to work with the office of small business and the office of economic workforce development, and the small business network and any other stake holder who is interested in reviewing it and giving us feedback because i do think that that is an important part of the project. and there is a lot of process, in these projects and a lot of things don't even get to the sfmta board because, we take them in a different direction, and we generally bring things to the board where we have consensus, and it is

and i've just rejoined the chamber of commerce board of directors. and i'm really delighted to see how it's developed over the years. and i think it's really gained momentum and it's going to be a great thing going forward for our collaboration. >> let's take a picture. >> okay, next item, please. >> the next item is item number 4, approval of the october 28, 2013 meeting minutes. this is an action item. >> do we have a motion to approve the minutes of october 28 meeting? >> so moved. >> second. >> all in favor? >> aye. >> any abstain or -- no? okay, next item, please. >> next item is item number 5, discussion and possible action on board of supervisors file no. 130998. we have a staff presentation by justin true, legislative aide to supervisor david chiu. >> thank you very much. good afternoon, president adams, commissioners, [speaker not understood]. justin true, legislative aide to supervisor david chiu. i introduced this ordinance a little while ago after working with the planning department on t. at the most basic level this ordinance implements

this is the biggest e-commerce cyber monday ever. thee it is bigger, growth rates have been slowing, particularly for the monday after thanksgiving am an quite a bit for the green monday. what do you make of the slow in growth rate? >> online has slowed a little bit, but mobile has not slowed. ,f you look at tablets especially tablet usage has shot up. mobile allows you to shop better. >> how so? >> mobile has a choice. mobile, because of a constrained screen size and better data, you people- able to get exactly the choice and conversion rates are much better. >> you say the e-commerce companies are doing a better job of differentiating the signal to give the consumer a clear choice of what they are about to buy? >> yes. mobile you can use location data, and timing to make sure you offer the person the right choice at the right time. the call this the right now a economy. -- we call this the right now economy. customers usually screw this up. they do not get the local behavior quite right. let's break. -- >> right. outle are quickly

sure you commerce industry the app development e commerce the current calendar include the mini market demand although six hundred thousand college and graduate from university in england don't pop by to devonport in recruiters to promote them are not qualified to handle the website to digital designers the e commerce has expressed that they would consider offering training the college student to make up the lack of talent finally from england. golden ever shows up on top now china's largest online shopping class went on about this cool quirky products and services weekly one shot off before the rest of yelling and called the children serpentine belt when three hundred offer short lived the price ranges from one to twenty nine in the breathtaking than three dollars or twenty cents us the top selling stores that are further divided into several different types including yelling over the phone calls internet to stop were like qq the services are paid for by the time and golden. yelling over the phone for five minutes can cost three dollars twenty cents us. just want them to talk about th

the commerce department has held that retail sales from e- commerce equates to 16% of retail sales. -- 6% of retail sales. that number is closer to 14%. it shows that retail sales via e-commerce sites is the absolute growth story. you are talking about the commerce department. estimated the growth online. thatvestors have long held retail sales on e-commerce are much higher than the government might be thinking. the government statistics might be lagging on what is going on in the marketplace. the data point we got this christmas season confirms that. whole retail ecosystem from the retailers to the theributors to the ups's of world got caught flat-footed. the bestn have processing system of amazon or ebay, but you are still dependent on these brick-and- mortar companies, which are ups and fedex and others and others in the government system. it could all break down. what has to happen to make sure the whole process is smooth? last couplever the of years, has been spending billions of dollars sacrificing near-term profits to invest in their fulfillment centers and their distribution c

black friday, there was a big move toward he-commerce and commerce andes -- e- mobile devices. of optionstill a lot to get things shipped, not just on saturday, but all the way through sunday and monday even if >> steve come i wonder if you can describe what it's like my as we get closer and closer to christmas, what kinds of companies will be offering what kinds of offers. start seeing a lot more promotion of e-gift cards and gift cards for sure. now has a great deal right and other stores do as well. we will also see stores pushing their pickup in-store options more now as it gets closer to christmas. >> bill, do you find this data confirms this trend? will we see more in-store purchases this year than last year? the trend on black friday was that you had some growth in that, but much stronger growth in e-commerce and mobile where people are theg mobile devices in store as part of their shopping experience. certainly, the closer you get to christmas, you will have fewer options for that and it gets more prevalent as it gets down to the wire. i think the black friday trend wil

all the objectives at the department of commerce. i think that's not been the way it has been done before. so i think that is the thing that is unusual. >> how is it different? what had been done in the past? >> i think it tended to be very top-down as opposed to the goals and objectives being bottom-up. frankly what we need to do is, and there's a lot of focus what we can get done in the period we have left as an administration and from my standpoint there's a lot that we can get done. you know, take the advanced manufacturing agenda. there is a bipartisan, bicameral bill on the hill to support something called the national network of manufacturing innovation. this is a great idea. this is where federal dollars are matched by local dollars but the local dollars are a strategy, created regionally, around innovative manufacturing. that is what it called pre-competitive innovation. before semiconductor companies or 3-d printing companies compete with one another they need to come together to get with the academic community, the local a

, particularly small business commerce in the city. so, in terms of the projects, the capitol projects, which i think have been probably the main source of concern, this flowchart is meant to show kind of an over all, over all process. and one of the things that i have spoken to a number of you about, is our opportunity to do the public engagement and

people tend to look at e- commerce sales as an indicator of whether digital is paying off. miss the majority of the story. while some of the luxury purchases are made online, four in five are influenced by digital. mobile commerce is going to be a $40 oil business in three years. >> they are influencing decisions. >> $750 billion worth are influenced by smaller screens. your digital presence affect a -- impacts a lot more than e- commerce. >> how do you measure that? >> there are 850 data points across social media, mobile. what we have found is that these firms have strong iq's. there is a strong correlation between revenue growth and shareholder return. it makes sense because when you're good at digital, it is like working out. you find that every part of your life gets better. >> that is so inspirational for the new year. >> drop and give me 20. if you become more data driven, you think about a younger consumer. those kind of skills lend themselves well to all kinds of things in addition to e- commerce. what we're seeing is that firms are committee to strong digital. --

this is it, the rise of the drone could transform global commerce. revolution on the high seas as well? coming up next, the potential for a breakthrough that could come straight out of a science fiction movie, seriously. and the little twitter soared after its ipo making it one of the most successful of the year. but it's not quite highed today. we're going to find out why the stock is coming back to earth when we return. ♪ ♪ cheryl: all right, so after all the christmas shipping delays, it could be time to send in the drones. remember the amazon drone? well, the online retail giant is working on an unmanned aerial vehicle that could deliver small packages right to your front door. ceo jeff bezos says those drones could carry box withs weighing up to 5 pounds. then there's google which has just bought boston dynamics, it's a company behind what you're seeing on your screen, the big dog, the four-legged robot? this beast seems quite capable of delivering packages in difficult terrain, even this snowy and icy weather. just imagine one of these showing

the process about of the commerce department and how this is going to work. testesident obama actually the commerce department to look into this as well as well as the number of privacy issues come a that was back in 2012. holder multi-stake process, and so the commerce department is going to bring it industry groups, and also privacy advocates. they will be getting in february, the whole is to have a convict agreement by june. it will be voluntary, but if the companies find -- sign on, they could be subject to oversight by the fdic. whole thing reminds me of the mayor nor to report -- of the minority report. and a lot of company's are expired temerity with this -- arts parenting with this. internet giants can match photos to individuals in the facebook tagging system. for the business side of this, one research firm estimates the global market for racial -- facial recognition but it's could reach several billion dollars by 2018. privacy is a concern if there is some really strict regulations. that number could change. >> are you expecting any controversy her

your digital presence affect a lot more than e-commerce. >> how do you measure that?there are 850 data points. is that theseound firms have strong iqs. there is a strong correlation between revenue growth and shareholder return. it makes sense because when you bigoted digital, it is like working out. you find that every part of your life gets better. >> that is so inspirational. >> if you become more dated your burden, you think about a younger consumer. those kind of skills lend themselves well to all kinds of things in addition to e- commerce. what we're seeing is that firms are committee to strong digital. they have this rising tide effect. it is linked to greater returns. digital is moving to the center. we're thinking about how to make it part of the culture. >> cuccia's number one, burberry number two? >> a lot of the great wings that gucci is doing carry across the enterprise. there is enterprise value. we are finding similar scores across the enterprise. that is when a multi--- what a multi-enterprise brand wants. >> they better show it. the margins are crazy.

as commerce begins its rule making, it is essential to strike the correct balance much the reality is that the death master files used by companies across pennsylvania and the nation to prevent fraud and provide other essential consumer protections. banks, investment companies, insurers and number u numerous r businesses run this file. striking the correct balance in the regulatory process is critical to ensuring the continued legitimate use of this information. businesses and those that contract for assistance with fraud prevention and other business uses must maintain access to the file. furthermore, access must remain available as those regulations are promulgated. in short, as the certification program is et up, it is important that we get it right. the death master file is critical to fraud prevention and must remain available to legitimate users. to that poirnghts i ask the senator from washington, the distinguished chairwoman, is it the intention of the bipartisan budget act for the commerce department to seek input from sphaistakeholders as it createse certification program to

software commerce company conductive is trying to shake of the retail or.y they need to take the best parts of the online world and fold them into the store experience. the ceo of conductive spoke to mark crumpton. >> we are focused on building mobile apps. with ated in seattle bunch of experts in the space who are used to building mobile solutions. we focused on a classic problem in retail on the sales side for both ends of the cycle, the supply chain. in-store and on the brand side. the plumbing you are talking about is the connection in between and how our apps interact between a retailer and supplier. >> we know that brands and retailers are connected digitally. how do you help manage that real-time information and keep everyone on the same page? >> because we are a mobile application, not a web portal, on the supplier side, we are modernizing a specific piece of that business. we are taking the digitization of the catalog which happens today, which many are addressing, and connecting them into ordering and a swordsman and landing functions for pre- sea

this is an e-commerce copy.nd millions and millions of rock ash boxes. -- millions and millions of boxes. give us an idea of the growth you are having. >> the growth has been really explosive. we started three and half years ago. --had 600 describer's subscribers in one country. now we have well over 400,000 subscribers. we ship millions of boxes. we are also very proud to say that half of birchbox subscribers are also e-commerce subscribers. to try something, fall in love, and by it. we are a growing company in beauty. >> you purchased a company in france that was doing a similar thing a year and a half ago. sent -- sense of entrepreneurism is in france? >> it is incredible. what of the reasons we came here is because france is a beauty capital. their are a lot of indigenous to france beauty companies. we were very excited that we could be a part of france and we found a team that was so entrepreneurial, so passionate about the actual business model of helping women discover the best beauty products. we thought

a big tale of two e-commerce retailers you could say there.are seeing nice strength from ultech. microsoft up. also google pushing higher, near its all-time record high. but really the big thing is social media. just take a look at twitter. that stock, over 73 bucks a share, hitting an all-time high. tyler? >> sheila thank you very much. >>> let's go now to the "power house." this week, we're down in big "d," dallas, texas. cindy cin cindy o'gorman with the o'gorman group. nice market gains there. median sales price, about $155,000. days on market, 53. that's down 23% year over year, so houses are moving more quickly. and the inventory is down as well about 2.7 months worth of inventory. first listing, cindy, the 5925 malmesbury road in dallas, $315,000, taxes around $4,500, 3 bedrooms, 2 1/2 baths. describe this property to me and welco welcome, of course. >> thank you, tyler. nice to see you again. malmesbury is perfect for the seller that has a home, vacation home out of state that wants to lock in low maintenance. so it has three bedrooms,

, because the bureau of air commerce was at--was a subdepartment in the department of-of commerce, and--and--and he changed his mind. and--and within 48 hours, am--amelia is--is sending another telegram to miss--to eleanor roosevelt saying, 'thanks very much. appreciate your help.' c-span: what was the date that they took off and where did they-which way did they head? because you talk about the--you know, the title of your book, "east to the dawn." >> guest: "east to the dawn." they originally took off from california and it was going to hawaii. and then from hawaii, it was going to--but then--this is the last flight--and then there was an accident. taking off--the first time that she started on their-her around-the-world flight, there was a--an accident as she took off for--for howland island from honolulu. she ground looped and the plane was damaged, and by the time it was fixed, quite a bit of time had gone by and so weather patterns had changed and she decided to change the direction of her flight. c-span: in... >> guest: so then she took off--when she started again, she t-she too

miss pritzker by the way was sworn in as the 38th commerce secretary of the u.s. earlier this year, june 26th of this year. >> thank you for joining us for this playbook breakfast. we're very excited. we'll be hosting the commerce secretary penny pritzker, lived a fascinating life, has started companies, has run companies and is now companies here and growing companies here in the u.s. before we get started i would like to thank bank of america for this fantastic series of conversations. we've had amazing year, different parts of country, people from all across the spectrum talking about the issues that matter most in washington. so we're grateful to the bank of america for making this great series possible. now, i brought along my twitter machine here that will take your tweeted questions. so first of all, good morning to those in live stream land and if you have a question for us please just tweet it to #playbook breakfast. it will pop up and i will ask it. without further delay here is the commerce secretary, penny pritzker. good morning. thank you, madam secre

commerce has been seen as dirty. business itself and capitalism has been the greatest creator of value. if you look back 23200 years a go people lived on less then $1 a day. 90% they were e lit -- unambulance to -- unable to read. we had a great prosperity and it's due to business. for it eats suppliers and investors. business is good but we can make it better. >> let's talk about some of the better you talk about. i think what you said just makes sense. if you didn't have a business to go to you wouldn't have a place to apply for a job. it's easier to do the demon nighing. >> nigh -- demonizing. >> conscious capitalism is a philosophy about business about how business can be, should be, and is all ready. there are many conscious businesses out there. we highlight a few in the book. like google, trader joe's, starbucks, whole foods market. what i discovered for a long time i thought we were a by our self-s come -- over -- ourself- business is not just about making money. it's not the purpose of making money. just lik

of assessment and so they are able to provide a resource to assist what might be the impacts on commerce before and after construction, the passed and off parking volume and this includes, and it is a soft recommendation of taking a look back three years to assess the history of any sort of natural attrition of the parking to the removal of the off street parking and any new proposed developments that might anticipate, an increased number of vehicles, in that area. and the garages need to be included and the projects, excuse me... the projects that eliminate the parking meters or garages there is an interest to have an understanding about where the revenues go in relationship to the revenue loss, and the revenue offsets. >> and then, also to assess the number of locations of loading zones, and have a loading zones are utilized for deliveries and the number of businesses that require the deliveries and i want to stress that the deliveries are not just ups and all of those type of delivery vehicles and we have small business and florists and caterers and so we have, hardware stores that ha

on the interstate commerce act. so it's been kind of a natural, a natural professional discipline to be able to move in both environments. >> host: what percentage of the u.s. population has access to broadband today? is. >> guest: so today, well, let's just begin with phone service. 98% of americans have access to phone service today. with regard to broadband, the latest statistics at the end of 2012 were that 95.8% of americans had access to a fixed broadband provider and that nearly 90% of americans had access to at least two fixed broadband providers. and virtually 100 president of americans -- 100% of americans have access to broadband delivered over satellite. so we have about 4% of america that still is not covered by a fixed broadband provider, and i think that, you know, one of the areas we haven't talked about is what to do with those remote, rural areas of america that that need to have access. certainly, it's never been more important than today. we are an information-based economy, but we're even seeing