sergeant first class cory remsburg has served ten. and i've told cory's incredible story before, most recently when he sat with my wife, michelle, at the state of the union address. it was here, at omaha beach, on the 65th anniversary of d-day, where i first met cory and his fellow army rangers, right after they made their own jump into normandy. the next time i saw him, he was in the hospital, unable to speak or walk after an ied nearly killed him in afghanistan. but over the past five years, cory has grown stronger, learning to speak again and stand again and walk again. and earlier this year, he jumped out of a plane again. the first words cory said to me after his accident echoed those words first shouted all those years ago on this beach -- "rangers, lead the way." [applause] so cory has come back today, along with melvin and jannise and brian, and many of their fellow active-duty servicemembers. we thank them for their service. they are a reminder that the tradition represented by these gentlemen continues. we are on this earth

. >> cory. >> and finally our third addict, 24-year-old cory. his drug habit got worse as he moved up the restaurant ranks and became a cook. >> he knows the story. he knows the angles. cory knows how to fool people. >> i've been thinking about you all week, honey. >> why is that? >> you're not doing as good as you told me you would. >> he was in phase two of the drug court program and six months from graduation. his life was a mess. the girl he loved just dumped him. judge mary was trying to set him straight at his monthly check in. >> it's okay to feel bad about the loss. it's okay to feel bad about it. >> i can't let it do the same thing to me it did before. i numbed myself every day. >> he was fired from his last restaurant job and he's living in his mother's basement. >> i love him dearly or i wouldn't be sitting here talking about him. if only he knew it. he's had so many chances. that is what's very concerning to me. i worry about it. i worry for him. >> servers, other cooks, everybody was on something. the hard stuff i was on was oxycoti

cory is hitting on an important point. in the past, apple talked about themselves as the ecosystem and then the hardware piece. the services are the latest piece of that fabric and those are the things we heard about today. getting entrenched is important. >> is this laying the groundwork for iwatch? >> it is. for those that have been following tim cook's comments, he talked about new product categories in 2014. >> new product categories. have not had those yet. >> some people could interpret some of the stuff today as new product categories but on the services side, around the home and health, they did not check any of those boxes today. we continue to believe they will be doing more hardware updates. >> i wonder like some of these have been on the road map a long time like the touch id. surely, they knew they had problems with the touch id. if they rolled it out with 15 different banking apps and there were small problems, it would've made much bigger problems. same with passport. it is how i use a boarding pass. i watch

our editor at large cory johnson spoke with author of "jony ive." and he is the editor and publisher and has covered apple for more than a decade. we were joined by one the most widely followed analysts, founder and author of simco. he came from finland to attend the conference. we asked him how the conference stacked up. >> i think it was amazing. one of the best shows. >> why? >> you need to get out more. >> it was very different. >> no, you are right about that. i was a developer when i was at college. for me, when they announced the new language, it was a watershed event. these things do not come as often. apple has three of these in its entirety existence. what it means for developers is productivity, massive increase in types of applications they can build. it was all about all of these building blocks which have flooded in. 4000 api's. i do not think they have done anything close to 2000. it is mind-boggling. my concern is that developer community, it was a wonderful event. if i put my hat on as a business analyst, that was not a lot to get e

cory johnson is here.have a phil levens, both companies that rely heavily on developers to build the apps that fueled their businesses. and a lot of experience developing for apple and apple products. how important and impactful were the announcements today for you guys? >> it was huge for me. i think that was the most developer centric note that i've ever been to. it may mean remember that i am a developer. >> which is why consumers alike what about me? >> all the excitement around the new developer abide -- environment, the language. it is very developer centric. more people can work on these apps. it is not something customers will necessarily see. >> i don't code and so i don't really know about it. i heard about new language. >> is based on a lot of javascript, a lot of similar things that people are familiar with. >> it happens faster and cheaper/ >> that is what i expect in our guys are excited about. we are starting to see the guys that are developing on android getting excited to do more on ios. >

jon erlichman, paul kedrosky, cory, stay with me.ust spoke with an amazon executive about the idea behind the fire phone and how it came to be. what did he have to say? >> it is hard to get him to say anything. they say a lot in their silence. there focuses so much on the customer, on the people that they want to sell the devise to. one of the guys who led the business of development of this phone about the decisions they made going into this. listen to what he had to say. >> it is priced with great value. it is a premium smartphone. we included extra 16 gigs, an incredible amount of innovation. with this introductory offer of prime, it is a lot to offer. it is a premium phone. it is a great value. it is something customers will appreciate. >> why go with one carrier? >> we have had a long-standing relationship with at&t. they been a great partner for us on kindle. >> how so? >> we have denigrate job within delivering books in 60 seconds for many years. we think fire phone works incredibly fast because of the at&t network. free backu

cory johnson sat down with mike leigh.him about the power the apps have in helping users lose weight. >> it is incredibly powerful. lost 250 million pounds combined. >> they have not lost it, they have misplaced it. what do you know about your users? what is the typical use case? are,en you're as big as we over 65 million users, you start to resemble the population as a whole. we have a very broad set of users. a lot of people are bodybuilders or pro athletes. we have people with medical conditions. we have people who have never exercised before trying to lose weight and have a healthier lifestyle. outside thefrom the basic law of thermodynamics, it measures calories in and calories out. >> it is pretty simple really. that is what most i answer trying to do. calories thanre you consume, you will lose weight. that is what we are trying to help people do. >> talk to me about how it changes. emily was teasing me. i am concerned about my fitness. i run and swim. i use the up tracker to monitor myself. that is helped quite a bi

sergeant first class cory remsburg has served ten.and i've told cory's incredible story before, most recently when he sat with my wife, michelle, at the state of the union address. it was here, at omaha beach, on the 65th anniversary of d-day, where i first met cory and his fellow army rangers, right after they made their own jump into normandy. the next time i saw him, he was in the hospital, unable to speak or walk after an ied nearly killed him in afghanistan. but over the past five years, cory has grown stronger, learning to speak again and stand again and walk again. and earlier this year, he jumped out of a plane again. the first words cory said to me after his accident echoed those words first shouted all those years ago on this beach -- "rangers, lead the way." [applause] so cory has come back today, along with melvin and jannise and brian, and many of their fellow active-duty servicemembers. we thank them for their service. they are a reminder that the tradition represented by these gentlemen continues. we are on this earth f

and my partner cory johnson. apple's chance to dazzle. what did experts think about the company's announcement? that is next on best of "bloomberg west." ♪ >> welcome back to backs of "bloomberg west." apple conference keynote was a live stream worldwide. the company was really putting on a show for its developers. cory johnson eyes old with -- and i spoke with mr. schenck. they depend -- and on developers to fuel their business. how important the announcements were for his company. >> i think it was the most developer centric keynote i've been to. i get really excited about this stuff. >> consumers rely, what about me? about of the excitement the environment and language, it centric.eveloper it will lower the learning curve. it is not what customers will see. >> do you think it will really lower the learning curve? i just heard new language. >> and that is all i know. >> is based on languages that developers, javascript. things people are familiar with. >> anything happens faster and cheaper? and ouris what i expect guys are excited abou

i'm cory johnson. 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. broadcast networks are a huge winner this week. the supreme court ruled that aereo is violating their copyrights. the court ruled 6-3 in favor of he broadcasters. -- ice scalia wrote but what is the future of pay tv with this decision? i spoke with john erlichman who has been following the story from the very start. and joining us is bloomberg contributing editor paul kedrosky. his ted by asking bill take. >> from the very beginning it was going to end up in the court system. any type of telecommunication threat, whatsoever, you have two large institutional masses that know how the litigate and lobby and win those types of battles. if you go head-strong into either one of those trying to disrupt, you're going to end up in the courts, absolutely. >> you have this big investment in uber. surely you guys have thought about it f

i'm cory johnson. every weekend we'll bring you the "best of west," interviews with the power players in global technology and media companies that are reshaping our world. broadcast networks are a huge winner this week. the supreme court ruled that streaming tv startup aereo is violating their copyrights. the decision protects some $4 billion in fees. the court ruled 6-3 in favor of the broadcasters. justice scalia wrote -- but what is the future of pay tv with this decision? i spoke with jon erlichman, who has been following the story from the very start. and joining us is bloomberg contributing editor paul kedrosky and bill gurley. i started by asking bill his take on the ruling. >> i think from the very beginning it was going to end up in the court system. >> it was designed for that. >> it really was. the bottome line, whethere you're looking at big media out of hollyword or any type of telecommunication threat, whatsoever, you have two large institutional masses that know how to litigate and lobb

sergeant first class cory remsburg has served ten. and i've told cory's incredible story before, most recently when he sat with my wife, michelle, at the state of the union address. it was here, at omaha beach, on the 65th anniversary of d-day, where i first met cory and his fellow army rangers, right after they made their own jump into normandy. the next time i saw him, he was in the hospital, unable to speak or walk after an ied nearly killed him in afghanistan. but over the past five years, cory has grown stronger, learning to speak again and stand again and walk again. and earlier this year, he jumped out of a plane again. the first words cory said to me after his accident echoed those words first shouted all those years ago on this beach -- "rangers, lead the way." [applause] so cory has come back today, along with melvin and jannise and brian, and many of their fellow active-duty servicemembers. we thank them for their service. they are a reminder that the tradition represented by these gentlemen continues. we are on this earth

i'm cory johnson, in for emily chang. from the ski slopes to the stock market, go pro expected to price an ipo at any moment. they're expected to sell 17.8 million shares. $427 million in raising the offering. that will give these guys a market cap of $3 billion. aereo has been shaking up tv industry. that could be coming to an end or a vistaprint court has ruled against the streaming startup, saying it violates the copyrights of broadcasters. it is a huge win for broadcasters like cbs and disney. google wants android everywhere. including your living room and in your car. ruvell showed off some of the new android smart watches. the smart tv system, and android auto which brings smart mode phone features to your car. google revealed an updated operating system, android l. we are waiting for go pro to price its initial public offering at any moment. their best-known for making cameras that people wear doing anything from skiing to biking to kayaking. the range, the company has been marketing as not just a camera maker but

i am cory johnson. breaking news, alibaba's ipo. choosing the new york stock exchange over the nasdaq for its ipo. could be one of the largest in u.s. history. of 37 u.s. tank and internet ipos. .o pro takes off the extreme camera maker raised one of the biggest ipos ever for a consumer electronics company. it has bigger ambitions, hoping to become a major player in first-personto the content shot by users. and some sharks as well. , with its with alipay 300 million users, the dominant payment suzerain -- service for alibaba. news, alibaba has picked to the new york stock exchange over the once nasdaq for its ipo according to a person with knowledge of the matter. it could be the largest ever in the united states and is marching toward a summary listing. alibaba will seek the ticker baba. let's go to julie hyman. this thing is rushing ahead. they are going to make the august offering. >> yes, the filing is just out so that appears to be confirming that indeed they are going to be listing with the new yo

i am cory johnson.very weekend, we will bring you the best of west, the top interviews with the power players in global technology and media that are reshaping our world. virtual reality may be the next big thing. ranging from facebook to sony and the potential of this technology. e3, the expo in las vegas, sony showed a new headset. facebook shocked many when they announce a $2 billion deal to buy a company whose headset is not on the market. they showed off potential of applications. jon erlichman sat down with the oculus ceo. he asked about the incredible two-year run. >> it has been an incredible ride. one of the journeys we get to participate in. the community is a big part of it as well and everybody got behind it, launching our kick starter. something we do not do in the past and we would take advantage of the internet and get it out there. it felt like overnight. it was somewhat overnight. within 24-48 hours, $1 million. thousands of people and the company was off to the races. >> some people st

i'm cory johnson in for emily chang. one of the top executives is out. he has resigned as chief operating officer. twitter will not name a new coo. has struggled in slowing user growth, in particular. advertisers will be able to determine a user's ability to usersich advertisements see. facebook will be able to shape them based on the history of web surfing. they will also be able to adjust those profiles, adding or removing certain categories. shares in the money-losing company, which develops software platforms, are up about 18% so far today. we will be talking to the mobile iron ceo later in the show. is withial guest host us, roger. he was an early investor in facebook, yelp, and others. he also cofounded silver lake partners, the first private equity fund focused on technology. shows also done over 100 this year with his band. i used to play guitar. maybe we can lay after. >> every greenroom executive should have a couple of instruments. -- every great executive should have a couple of and sermons. executivea major change at twitter. twitter ousting

cory jackson spoke with them. >> we have always been a diverse company.ike it is a value proposition. we build devices around whatever you want to do, is it marine or hiking or cycling or rockclimbing. we will deliver an innovative solution. >> i remember when i was at yahoo!, we were looking at the map space. we were early. nobody understood just how big all of this could become. how do social and the connected world really change your business model? >> that is a very good question. one example we like to use from a social side is one of our newest products. it is called edge 1000. it is a hub, a bike computer that connects around various applications. if you have a smart phone on your person, they want to use this bike technology easily. we do that with an edge 1000. there are apps out there that can provide basic technology, the ease-of-use around our devices is where the name garmin is well-known. >> i know when you made your first cycling app and acquisition. at the time, how did you look at that market. how big was it? how do you do that kind of wo

i'm cory johnson.he fcc is getting a growing backlash in its plans to redefine net neutrality, tens of thousands of people flocking to the fcc website after john oliver urged viewers to post comments supporting net neutrality. >> that's right, the fcc are literally inviting internet comments at this address. at this point, and i cannot believe i'm about to do this, i would like to address the internet commentary out there directly. good evening, monsters. >> the fcc website crashed following the oliver speech. i spoke with reed hundt and asked if he had ever seen anything like this. >> back in the day, in the 1990's, we had aol, steve case was the ceo. he arranged the first e-mail of political lobbying in history, 400,000 e-mails sent to the united states congress to tell them to keep the internet open. it's the same issue many, many years later. the power of the net roots has grown and the fcc chairman is getting an earful. >> no kidding. on some level, i feel like i have not done a great job of expla

i'm cory johnson. do speculators still want bitcoin? the going isout as being auctioned. the virtual currency was confiscated upon the shutdown of silk road. the head of u.s. patent office says now is the time to think big and come up with ways to pat -- to crack down on patent trolls. -- legationslation is a flaw in the system. they are trying to improve patent law to fix it. made.s. soccer coach headlines when he said the u.s. could not win the world cup. what are the chances for now? we have crunched the numbers and the odds for them winning. at how espn is managing unprecedented online demand. to our lead story, the federal government is selling property seized from underground operations. this time it is bitcoin being sold. the auction will tell us how much demand there is for the virtual currency. nearly 30,000 bitcoins or on the block. when thetcoins seized government shut down the silk road. potential bidders need to be screened to make sure they have no connections to the silk road or its founder. they are required to deposit $200,000 in cash grid the winners wil

for now we are joined by leslie packer and cory johnson. they also broke out sales for the first time, one of their first criticisms tom a that the numbers weren't there. what jumped out to you? >> there was not a lot that surprised me quite a bit. we do get an investor reaction, d. you reference we can see the way the market might be thinking about these numbers and what their optimism might have been, which is that of numbers continued to go straight to the right forever, they are not. >> shares are down five percent now. >> growth is going to slow down at some point, and you can see that in these numbers, but generally speaking those numbers are then passed it. the size is great, the profitability is great, it is not worth anything that we can see it is worth something. >> would you echo that? >> we are seeing a near tripling a profit on an annual basis. on an annual basis the numbers look quite great. you have to keep in mind that the fourth quarter, the one that ended in march is seasonably weak for a commerce company in china because

i'm cory johnson come in for emily chang. fec --v host stop the the fcc from creating internet fast lanes? even if the fcc website went down briefly -- alibaba is superstitious in planning its ipo. say the founders both see in august 8 ipo as a good omen. the number eight is considered lucky in china because it sounds like the word for posterity. baba as its prefer ticker symbol. the justice department says they will review the 1941 agreement with bmi which still governs song related royalties today. people have complained that the agreements don't take into account the rise of digital media. calling for a 60 day period of public comments. fcc islead story, the facing a growing backlash against its plan to redefine net neutrality and create internet fast lanes. tens of thousands of people flocked to the fcc website after john oliver urged viewers to post comments in a 13 minute monologue in support of net neutrality. >> that's right. the fcc are inviting internet comments at this address. at this point -- i can't believe i'm

i'm cory johnson. a check on the top headlines. carlos slim will buy at&t 8.3 stake in his wireless company. it is worth $6 billion. at&t indicated they would sell for its directv purchase. an online peer lending company is aiming for an ipo. that is according to people with knowledge of the matter. lending club turned a profit of $7.3 million last year. online luxury retailers are fancy, seeking a new valuation of $1.2 billion. bids are due for the bitcoin auction and the results will tell us how much demand there is for the virtual currency. 30,000 are on the block. 20% of bitcoins seized when the government shut down the silk road. potential bidders need to be screened to make sure they have no connections to the silk road or its founder. they are required to deposit $200,000 in cash grid the winners will be announced on monday. matt, this is a fascinating story. >> i love it. think about all the things they seized from silk road. probably heroin, they could have seized fake passports, any contraband you could've bought there. t

pay.t boosts here is a cory johnson found.he one-timer structuring going to take more time with more layoffs and it could all help meg whitman make more. attructuring cost estimated three point $6 billion in 2012 4.1 billiond to dollars, half a billion dollars more and 29,000 layoffs turned into 50,000. what is restructuring? let's take a look at business as usual. you have a new idea. you hire somebody to build it. maybe it becomes obsolete. maybe it fails. you shut down the project. it suggests the shutting down of the project and the laying off of the someone really does not count. that is how the accounting works. up, but the restructuring goes down here. that is the bottom line. that is what the shareholders get. the more cost the company to move from here down to hear, the bigger adjusted profit. then there is the bonus question. meg whitman has received $50 million, a $4 million bonus last year. hewlett-packard has seen 11 quarters of shrinking sales. net profits fall, losing $12 billion in the last three fiscal years a

cory is with us as well. can you not wait for the season finale? >> here's the byte. $1.8 billion, the difference between hewlett-packard's gaap earnings and non-gaap earnings. allowing meg whitman to get a bigger bonus. the actual profits -- a bigger bonus than the actual profits would have allowed. >> what is your take? this is relatively unique. >> cory has done some incredible reporting on this. as we sit here, waiting for the hp story to turn around, it's hard to not say wow. >> how long has it been now since she took over? >> since september, two and half years ago. the fact that this company continues to take restructuring charges and it does not count when calculating executive bonuses -- >> thank you, and thank you all for watching this friday edition. have a wonderful weekend. don't miss "games on thrones" on sunday. ♪ >> this week on "political capital," what effect cantor's demise has on 2014. lanhee chen and margaret carlson debate who's to blame on iraq. we begin the program with tom davis, a former virginia congressman. let me ask yo

i'm cory johnson.itional business meeting may be the latest thing that silicon valley is making obsolete. many top executives are taking a page from the late steve jobs and shunning the conference room in favor of the walk and talk. the linkedin ceo is known for taking walks with team members and some of their trails -- on some of their trails at their mountain view campus. i spoke with him to see why he is taking it to the streets. ♪ show me the way. this is your regular walk? >> this is where it all begins. >> tell me why you started. >> it was practical that first. when we were at the earliest stages of hypergrowth, we were in the throes of facility planning. at one time, we had a lot of people and not enough space. one of our folks, who was actually responsible for training and fitness, he said, i've got a great idea -- in addition to reducing the demand for conference rooms, you will actually be in better shape. just doing your meetings while walking around. this was apparently something , and id

liz: maybe, cory, that is the problem.dy was saying the minute i woke up early and watched pundits on many different channels, everyone was saying he turned his back on his own district and way too involved in washington, d.c. could it be as simple as that? is something about his message truly resonating? >> you know, i don't know if turned his back on his district is a fair assessment. he is after all the majority leader. his job is to be here in washington and control the house floor. and as i said earlier, he has been a prolific fund-raiser. you can't do that from the confines of richmond. i think it is fair to say he took his district for granted. he assumedded majority leader he was perfectly safe there given u.s. history, that was a fair conclusion. although clearly this time around it was the incorrect one. connell: you know, last night, peter, as you know it was outright shock. not often we're shocked by something that happens in politics but it was complete shocked. >> i was shocked. i think we were all shocked. c

cory johnson is with us and matt miller in new york.nd larry downes, project director at jonestown university. thank you all for joining us. the move in new york sounds optimistic. >> it has to get through the senate. we don't know if that is going to happen. there is a lot of backroom deals going on. in new york there are a lot of compromises. there is fighting between the dealers and the automakers themselves. they're using this -- it is like world war i ended and we froze the up-ice lobbying countries. -- froze the yugoslavian countries. when they broke apart all these old fights comeback 100 years later. >> i read the tesla release, the governor's release. it suggested that peace and growth for tesla. they can keep their five stores. and they can open up more stores. under the new franchise law. tesla doesn't want franchises. tesla is stuck with five stores. this comes on the same day they talked about the model x. that they are looking at in 2015. >> go ahead. >> they are only selling 22cars. how much could they make. that is one t

cory johnson and redstone -- brad stone.cingo talk about because, obviously come in china, they are happy cost. phones are half the cost. let's take a listen to the cofounder of xiaomi. how he describes their pricing model. >> the way we price our handset is almost like any other handset before. -- and crewprove othercosts -- incrue costs. the price is right at the rock-bottom price. the build of the material. >> i don't get it. how do they make money? >> do they? we don't know what the margins are. do marketing. those are expenses. the cost curve down. and start selling the mi3 break even. the phone has a year-long lifecycle and by the end of it, they are making a 15% margin. as those component costs fall among margins start to appear. they also try to make some money from different types of services and so on and use software phones to make the current. softwareelease a update every friday. >> they love to try out new things and look for bugs. they help the company develop new features. maybe that's the microsoft inspirati

cory johnson is there.still with redstone, other of "the everything store -- author of "the everything store." and michael, we have not heard from you. what do you think will be revolutionary -- what do you think? will this be revolutionary, as amazon claims? >> i think you need would be the best word for it. i think it is pretty obvious we will see a phone, something with hardware that sits just below the top tier smartphones that we have. i don't think it will look like a smartphone or any of the high-end phones, but i do expect it to be built well. a 3-dk the angle will be user interface. it will utilize for cameras that are mounted on the front of the phone that will track your face and head. and i'm not exact measure how that is going to work out, interacting with your apps and buying stuff from amazon, which i'm sure is what they are hoping it will push for. but that will be the unique aspect of it will set it apart from other mobile phones that already exist. >> and we are waiting for this event to s

sergeant 1st class cory remzberg has served ten. and i've told cory's incredible story before, most recently when he sat with my wife, michelle, at the state of the union address. it was here at omaha beach on the 65th anniversary of d-day where i first met cory and his fellow army rangers, right after they made their own jump into normandy. the next time i saw him, he was in the hospital, unable to speak or walk after an ied nearly killed him in afghanistan. but over the past five years, cory has grown stronger, learning to speak again and stand again and walk again. and earlier this year, he jumped out of a plane again. and the first words cory said to me after his accident echoed those words first shouted all those years ago on this beach -- "rangers, lead the way." so, cory has come back today along with melvin and janice and brian and many of their fellow active-duty service members. we thank them for their service. they are a reminder that the tradition represented by these gentlemen continues. we are on this earth for only a

i am cory johnson.e wants to -- fidelity funding lead uber's round at $817 billion valuation. that will give this app a higher valuation than companies like best buy and hurts. -- hertz. is that nuts? sarah joins me. uberot a valuation guy and is a fascinating business, but that is a big number. >> it is huge. you have to look at them in context. air bnp is a startup that was raised at $10 billion in valuation. there has been more venture capital financing in the first quarter this year since 2001. we are close to bubble levels with that. i think uber wants to stake its as the ceo put it as a record-breaking valuation company. >> you said context. i think the true concept -- context is a yield curve and where people can find a true return on their investment. said, let me offer context of companies in the s&p 500 that have similar market caps, like chipotle. edison, we're talking about businesses freehave long histories of cash flow generation and rewarding investors, even dividends, god for bid. are we