cory: but you don't get the miles.y: there is a downside -- you will not get the frequent flyer miles. cory: there's been some work that says that vr can be exhausting. playing "call of duty" for 18 hours on xbox can be exhausting. and virtual reality is just too much. i wonder what you think about that. clay: vr is certainly more immersive. we are focused on bringing amazing real-world content into vr. we have been building this camera called the jump camera that lets you capture an environment, and we think that will open up some pretty interesting things like taking you to machu picchu or stonehenge or the taj mahal. we think there is something very special about vr possibility to -- vr's ability to transport you to different places. emily: our editor at large, cory johnson, with google's vice president of virtual reality. a story where watching, china's media group is looking to raise its stake in a german robotics builder. the latest example of china surging in europe. midea wants to upgrade its factories with tec

cory: thank you. some wild stuff to think about. interested. cory, thank you. cory johnson.re is ahead. the close of the trade is moments away. he is how major averages are trading. ♪ betty: markets are closing in about 10 minutes time. what a day it has been. we have your market check. >> that is basically what i was about to say. it was up and it is now down. right now, just a little negative, a flat line in the negative area. the dow is down and the s&p similarly. the nasdaq was able to skirt away from negative territory up three .3%. this has beenhow impacting the dollar first. toare seeing that is helping boost the dollar. sincethe strongest level march of 29. -- since march 29. but it is not doing so well for treasuries. investors are pulling out of treasuries. field is moving higher, now up by nine basis points. a big jump since mid february and also the highest yield since the start of the month. at stocke a look movers today and the s&p's winners. that has to be financials up by 1.9%. we see citigroup and bank of .merica up citigroup is the biggest in a month. jpmor

cory: a couple of things.aybe the most worrisome thing was commentary in the letter, in the note to investors. there's a cryptic message, what they called challenging credit market conditions. square, the way they extend credit to small businesses, i --nk $153 million in loans they take the credit and sell to investors who want to get damon's back. the letter that .hey had little default however, they said challenging market conditions mean they cannot sell during the quarter as quickly as they wanted, and that is a big worry. the business part of their growth, where they think they can get profits, but they can't sell the paper, a big problem. emily: you're talking about square capital. they were giving up cash advantages, and they turned it into full-fledged loans. that is what investors were optimistic about. it was supposed to be the future growth of square. cory: that's a part of it, but i don't think that's unique to square. -- guest: i think that's a part of it, but i don't think that is unique to squar

cory: you are trying to create a around virtual reality. wondering what you think the imaginedrs of that industry would be? clay: to experience virtual reality, users need a device to experience it with and also things to experience. we try to enable the ecosystem toh tools and componentry start building those different components at once, so we are making investments across all parts of that, from the hardware to the devices all the way through applications and what people can do with it. example.e me an clay: one of the things we have done is create a controller that we were working with hardware manufacturers to create more versions of so any company creating a smartphone can also manufacture alongside in a controller and had that. we have done the hard work trying to figure out how to make something comfortable and how to make something great with great optics that is nice to use and can create a very immersive experience. knowledge tod that these companies to give everyone a leg up in pushing the are forward. what do you think the next

emily: cory, how is showtime doing in the race? cory: showtime's number two to hbo.t has been a really impressive thing. when this split happens between cbs, cbs was getting the weaker assets of been showtime. but they are really grown this into a powerful business. the year-over-year decline of 3%, not terrible, but not super strong. "billions" is not quite "house of cards." nonetheless, they had some success with "billions." "billions" did well, but compared to big hits on cable, not as well. emily: cory, you're sticking with me, lucas shaw, thank you so much. i do want to take about at the -- etsy for a moment. shares gaining an extended trading, after posting a surprise profit. earnings per share of one cents, while analysts had expected a loss of three cents. they have been offering paid services to sellers. but they still have a long way to go before winning back investors. the stock had fallen more than 60% over the year before tuesday's close. now, cory, i do want to pick your brain a little about apple, a stock on the move. shares rallying today to snap and

-- cory: that all in.nteresting when you look at the big four players in over the top service, netflix, hulu, , then prime, and apple only one not making original content. dr. dre and house, but outside of that, they have not been a lot in terms of investment in their own content. we know a year ago they negotiated with the likes of cbs trying to put together a service. they would offer subscribers of apple tv what is known as skinny bundle. i do not think those go together well as words. without espn or some of the to paypeople do not want for, it would be a lot cheaper. it fell apart. they could not start a deal that was cost effective for them. those deals fell apart and apple said it was no longer pursuing the business plan. we can see the ambitions were serious. david: i imagine hbo would be the one that is greatest to them. cory: hbo has had a great success record. bombsx has had a lot of and some successes. amazon has taken a different approach where they put all of islets on the service to see how

cory: there were long-term concerns about the unbundling.it starts to show pressure, this company is so strong but espn has been doing better than expected. "star wars" toys actually hurt. the dollar-denominated assets, selling dollar-denominated currency hurts them because of the strong dollar. while a lot of the toys sold, the profits were not as strong. that sort of them scares things. theme parks very strong this quarter. the current quarter, they are going to open disney shanghai and that is expected to be very positive, but beginning in the second calendar quarter -- emily: and they have the follow-on to the "star wars" franchise planned. cory: particularly the theme park in florida will have a whole new place there -- it is a resource for disney properties. so they are expecting to use that over the course of many years. in this corner, star wars merchandise hurting them. emily: let talk about ea. cory: star wars is the story there. 14 million copies of that game sold to retailers, but he'll positive for ea in that quarter. one year a

cory booker i think would be a great pick. i think cory booker takes care of two demographics. struggling with younger voters. nobody has better rimm and rapport with younger voters than cory booker. harris: among the democrats, you're saying. >> among everybody. cory booker is beloved figure among young people. people love him. look at his twitter following. not predicating anything. people love hims, especially younger voters. he is minority. she needs to rebuild the obama coalition. needs to be sure african-americans support her same level of barack obama. harris: who would have thought a clinton would have problem with the african-american community. >> she doesn't have a problem. they're flocking to her campaign but she needs to preserve coalition. >> quickly with trump, the reason, age why you wouldn't see vitriol, ted cruz, nikki haley, marco rubio. they're 44, 45 years old. they have many decades ahead of them in politics. john kasich is different story. he had a personal emotional change on that campaign trail this year where he connected with the american people. you

yeah. >> how old are you cory?ave a son your age. >> do you have a relationship with your children? >> well, not at the moment. they're very hurt. i was -- before i became addicted i was the go-to guy. >> similarities between me and max are -- the only difference that i really see is that he waited until he got older to experiment with it. >> youngman has two sons. a 9-year-old and a 2-year-old. >> the example i'm setting for both my sons is terrible. i know people are going to see me talking on tv about it and they're going to be like, you know, the same thing that i'm thinking in my head. what am i doing? >> 26, i'd give anything to be that age again. i can tell you, brother, you're young enough now if you stop, you can have a life. this is no life. being in bondage is no life. >> it's time to stop telling myself that i'm young enough to stop doing this and stop doing this. you know what i mean? that's the thing about an addiction. i mean, afterwards is when you step back and you're like, look what i done or look

are you cory hall? >> yes, ma'am. >> cory hall gets an answer on his job application. medicine. and found a missing piece in my asthma treatment with breo. once-daily breo prevents asthma symptoms. breo is for adults with asthma not well controlled on a long-term asthma control medicine, like an inhaled corticosteroid. breo won't replace a rescue inhaler for sudden breathing problems. breo opens up airways to help improve breathing for a full 24 hours. breo containa type of medicine that increases the risk of death from asthma problems and may increase the risk of hospitalization in children and adolescents. breo is not for people whose asthma is well controlled on a long-term asthma control medicine, like an inhaled corticosteroid. once your asthma is well controlled, your doctor will decide if you can stop breo and prescribe a different asthma control medicine, like an inhaled corticosteroid. do not take breo more than prescribed. see your doctor if your asthma does not improve or gets worse. ask your doctor if 24-hour breo could be a missing piece for you. see if you're eligi

emily: cory, matt, dan, our guest host for the hour, you're sticking with me. now, another story we are watching, has apple got its eye on the media content business? the apple executive in charge of itunes and apple music discussed in the meeting last year with time warner's head of corporate strategy. talks never proceeded to formal litigation, but media stocks including time warner and netflix saw their stocks rise on this news. with spendinghat high on content a deal with the , owner of hbo could help apple catch up as the iphone maker faces a future of slowing smartphone sales. coming up, the real story behind venture capitalist peter thiel to back hulk hogan against the media. journalistr from the who wrote the controversial posted that outed him. emily: billionaire investor and facebook board member peter feel reveals he has indeed been secretly funding lawsuits to take down gawker media including bank rolling a defamation case filed by former pro wrestler hulk hogan over a sex tape. the case resulted in a $140 million verdict and could threaten gawker's

cory: emoji's.ilm from conservative or public a person who looks at it from a different perspective and try to win over the people who are on the fence about the idea of the death penalty. and one is a reconstruction of an actual death penalty, lethal injection, botched execution to show people the reality. richard: the film aimed at costs $3ns say that it million. inreas to put a person prison for life is only a million dollars. thank you very much. think you so much. coming up, jim chanos discusses his latest short positions from the thought conference in las vegas. we had to a break. take a look at trading on this thursday and stock markets coming off their lows of the session now, up about three points that -- street -- up .3% on the dow jones. .6%.an see oil about close is just 60 mins away. ♪ vonnie: welcome to "bloomberg markets." good afternoon, here is what we are watching this hour. u.s. stocks bouncing back from .heir lows an interview with a jim chanos from the sky ridge alternative conf

i'm joined by our editor at large cory. mark, i will start with you.heard anything about this, and how big of a business could this become? mark: it has been building up for a few years. they had something called elements. emily: with baby wipes. mark: also with linens, pillowcases. emily: they also have a fashion line. mark: it is one of their fastest-growing businesses. they have had some history with this. the upside for amazon, it's higher margins. anything that brings margins up is a good thing, and extends the appeal of the prime service. these products are available to prime subscribers. in the u.s., there are about 50 million. emily: companies as big as walmart have their own private label brand. it's par for the course when you are a big real -- retailer. cory: i think what is interesting, as mark mentions, it's a lower margin for them, but maybe they don't take that margin. maybe they have lower prices. this would allow them to gain market share. the risk with a private label is, are you offended the people for whom you are trying to sell the

cory richards has reached the summit of the world's tallest mountain overnight. go, cory.nion are sharing their adventure on social media in realtime. cory's accomplishment follows the recent death of at least six other climbers. dana jacobson is here with this remarkable feat in the face of very extreme risks. >> good morning. climbing mt. everest obviously can be deadly. the bitter cold, unpredictable weather patterns, the battle against your body, and doing it all without the help of supplemental oxygen is for most professional climbers unthinkable. but that is just what cory richards did. >> making final decisions. we've got about four hours until we leave for the summit. >> cory richards climbed his way to the top of the world monday night, standing at 29,029 feet above sea level. >> you're a machine. you're amazing. >> the adventure photographer and professional climber reached the summit of mt. everest without the help of supplemental oxygen, a feat less than 200 others have ever accomplished. >> you know we're at 27,000 feet right now. >> climbing partner and frien

please welcome cory pegues.o the show, sir. >> thanks for having me. >> trevor: thank you for being here upon you have written quite an interesting book and you have lived an even more interesting life. you were a crack dealer and a member of a gang and then you went on to work as a police officer for the n.y.p.d. why didn't you just go into rap? were your rhymes not good enough? >> well, it's funny you say that because i write in the book, i tried to rap. it only lasted for one day. i was horrible. >> trevor: you were that bad? >> i was that bad. >> trevor: you were so bad you upon like, "i need to become a police officer?" >> yeah. >> trevor: let's talk through the story. it really is center tring because you were in a gang, upper on the streets. you were committing crimes. you went on to become a police officer, and what you realize in the book is nobody knew that you were a gangster because you had never been caught. >> right. i was arrested one time. and i admitted that, you know, during the investigation.

cory: they gather so much data with the way their vendors sell stuff. been making lots of goods without any kind of label when they have seen opportunities for a lower price and to take some margin. the risk is that some of the sellers are going to get ticked off and pull their business or make the pricing a little bit higher. there together data. think about tied soap. for other canisters of tied soap they have sold, they have learned so much about those customers. the people of procter & gamble won't be thrilled about them making a competitive product. emily: what does amazon have on other competitors? mark: the problem is going to be, where are those other vendors going to go for liquidity? you could go to ebay, but last time i checked, they are showing no growth. there are very few brands that have that kind of pull to go directly to customers. amazon is a low-customer service channel for retailers and manufacturers. the amazon customer is extremely well educated, and they are in and out. emily: could you hazard to guess as to how big in dollar term

and such a part of cory's sequester ses. >> posted on instagram.t that is, the whole its greater than the sum of its parts. i think that is absolutely true in this partnership. i mean if adrian had chosen to continue, what would have likely happened is we would have beth have to turn around when he got to a point where it was too dangerous. you know? so his decision to turn around early actually allowed me to summit. you know, my success is always, been built on, on partnership. and, this trip is i think, the prime example of that in every way. >> that's the "cbs overnight news" for this thursday. for some of you, the news continues. for others, check back it was a little later for the morning news and nbc this morning. from the broadcast center here in new york city, i'm demarco morgan. captioning funded by cbs captioning funded by cbs >>> it is thursday, may 26th, 2016. this is the "cbs morning news." >> crooked hillary. not good. the inspector general's report, not good. >> campaigning in california, donald trump tries to make the most of a new

cory: iphone units down 18% is the biggest take away.e know it is two thirds of revenue for the company. you've got growth in the market and shrinkage at apple. this is increasingly a seasonal product story. the real concern though, and the reason the stock is down is because the margin number was disappointing. a little slippage in the growth margin is disappointing although it comes at a time of the release of this phone which likely has lower margin so it may not be arable news. -- it may not be horrible news. emily: we spoke to the apple cf o. se.alked about the iphone he said the phone is incredibly popular. there is a question as to whether it will cannibalize sales of the previous phone. what would you say? >> i think we will see market expectations for smartphones come down. i think we are not just at a puse. i think it's a realignment and apple is suffering. i think this will bring margins down further. it was not included in the last numbers and that will bring them down a little bit further. i think it's a challenge because pe

why is that so important to you, cory?t's really important so that there's other people that do see it and other people that can get inspired by it. >> and what do you think, erica? because this picture and the point that it's making has not come without controversy and some mean comments directed at your daughter. what is your reaction to it? why do you think it's so important to be out there? >> i think it's important to be out there because it shows people the face of a transgendered child and person and it shows them they're just like any other person. they're no different. she looks like a -- she looks like a little girl and people can see that and have a face to put with it and understand maybe a little bit better the children that are being harmed by these bills and laws proposed. >> and on that note, the obama administration came out with this directive today to schools saying that they should allow students use the bathroom of the gender that they believe that they are. this is something you've been fighting for,

he and cory richards are climbing the mountain.all >>llow a.long ir the enthusiasm is infectious. and they've got a sense of humor, and they're cute. >> very cute. >>> north korean dictator kim jong-un has been given a new title -- chairman of the workers party. yeah. it's -- he beat out his second choice, mother of dragons. >>> i'm charlie rose with sanders won last night's primary by 15 points. clinton won by 41 points in 2008. she still leads sanders by 297 pledge delegate. they bound to the popular vote in each state, unlike superdelegates. >> bernie sanders claims he can still win a majority of pledge delegates before the convention. he would need to get 68% of the remaining pledge delegates. sanders kept attacking hillary clinton last night at a rally in oregon. he also said they agree donald trump must be defeated. cbs news exit polls in west virginia show sanders' voters don't see it that way. 43% said they would defect to donald trump. joe biden reflected on what might have happened if he had run. >> i had planned on runni

. >> police say hunter cory osborne exposed his privates while posing for the team picture.book and in the team program, which was sold at games. ( laughter ) >> larry: now, i know what you're thinking! i think what you're thinking. "larry, was it just the turtle peeking out or did he hang a brain?" which one did he do? i don't have the answer to that, but what puts this kid's penis prank in "the nightly show" hall of fame is this little development. >> now, based on the number of people nearby when the photo was taken, osborne was booked on 69 counts of misdemeanor indecent exposure. >> larry: yes! yes! 69 counts of misdemeanor indecent exposure! 69. well done, sir! you did it, hunter cory osborne, you took yearbook penis pranks to the next level, my friend, and for that, "the nightly show" salutes you. that's our schools, america! be proud! and happy cinco de mayo, everybody! we'll be right back. ♪ whenever i'm around you ♪ i go home a little bit ♪ there's just something about you ♪ ♪ where the pieces all fit ♪ there's a lightness that surrounds you ♪ ♪ and it guides me li

cory: what about domestically?e on the global markets, but if you look at the earnings from the new york office companies, whose demise was a bit premature from the investment environment, they have had pretty strong numbers from the rental market. i think it is not going to happen. it is a very slow process. you do not just fall into it bubble immediately -- a bubble immediately, but we are seeing rental tension. carol: india, brazil, mexico -- these are emerging markets. is there favorite? joel: we really like india because we have hit the fatigue point of monetary policy stimulating demand. i want to see somewhere where we have fiscal retrenchment and in india, those opportunities exist. carol: thanks for stopping by. joe wells, stopping by our studio. scarlet: thank you so much, carol massar and cory johnson. alix: lending club ceo shakeup has shares plunging. how does that impact the lending space. ♪ . . alix: from bloomberg world headquarters in new york, you are watching bloomberg markets. i'm alix steel. sc

cory: it took a week or so. guest: that's right.onomic projections, that they were going to be more aggressive, i think they were going out of the way for what is likely a june or july increase. we are somewhat indifferent, whether it is june or july. it is much more -- cory: it's like the binary choice from your actual as opposed to what it actually was? guest: i think so. we are interested in the reaction in the currency markets. it's interesting while we did see the markets, to the first move, you saw the dollar retrace a fair amount of its previous year and a half advance. carol: how significant is it that we had today's of rallies and some of the market analysis said it was because investors are getting upbeat the fed was confident enough to raise rates? for so long, investors wanted to keep rates low because it was encouraging in terms of all of the free money out there. what do you make of the change in market psychology that investors are saying the fed is confident enough to raise rates sooner rather than later? guest: it r

cory: let's look at what tim cook said over the call.mily: there was a question about china where they were seeing weakness. take a listen to what he had to say today. tim cook: china is not week as has been talked about. i see china as -- may not have the wind at our backs that we once did but it's a lot more stable than what i think is the common view of it. and so, we remain really optimistic on china. emily: frank, i want to talk about this with you because we have been talking about growth in the services business but in china, they recently said no i-movies. nope, can't play those here. you think that is actually a bigger deal than others have said. frank: one of the mistakes we all make as investors is we focus too much on unit shipments and not enough on installed base. so i think it's interesting to think about one billion iphone users out there and the power that has for apple in terms of an ongoing ecosystem. it's also important to say investors are getting dramatic because they are worried about the stock of apple. but if you

cory: it will certainly complicate things for apple.have complete control of their supply chain. much of that manufacturing happening in china. one wonders if one of their partners will be able to do some of the assembly or something like that in india. if that is something that might interest apple. they have lots of suppliers in terms of components. perhaps that could be another one. it is a big change for the way apple does business. it is such a big market. -- phonesillion sold sold over the next five years. the first time in 13 years revenues of not grown for apple. they need this market. one might expect them to bend over backwards to make it happen. mark: it has very low market share. some say the phones are too expensive for the majority of the population. how do they crack india? : i think the useful way to think about apple and market share, they only have 15% of the market. 30% of topline revenues. but they have about 80% or 90% of profits and industry. the value in the phones is not great. companies are selling phones. you h

cory: it is all about the future of android.e interesting things, unlike ios, where you end up with 90% of the users on the new software as soon as it's released, or within a year, with android, they invent a lot of stuff but most of us do not see it. there are more android devices than ios devices. android software released a year ago has fewer than 10% of users using it. it is a struggle to get the latest stuff out there and used. ,t this developers conference so important to them. the developer community wants to write to the latest androids, so that will drive more users to google to do search, whether it is shouting across the room or in their pcs. thank you, cory johnson. at the google i/o conference. he will be back in the next hour with an interview with the vice president of virtual reality. how strong is the european economy? coffeeirman of the illy group joins us. ♪ in new york, 8:00 in london, and 3:00 a.m. in hong kong. welcome to "bloomberg markets." betty: from bloomberg world headquarters here in new york, i am b

cory: we know it is 2/3 of revenue for the company.mily: and is saturating and still growing at 7%. cory: you have shrinkage at apple. it really shows this is increasingly a seasonal product story. secular growth taken away. the real concern, and the reason the stock is down i think is because the margin number was disappointing. you wanted to stay high, but they are coming down. bob: this is a serious realignment of what is going on in the smartphone market and apple is suffering from it. the smartphone i have is sufficient, i don't need upgrades that often. i have a big screen. it does what i want. i will keep it as long as i can. i think that foretells a very different future for apple. it is good that services group, because that is where the opportunity is. frank: i don't agree with bob. we are talking about a dramatic shift down. many are overlooking how tough the compare was with a year ago and the huge burst off the large-screen iphone. the real question is will we see a burst of new innovation that will motivate people to get

joe: cory, we are seeing a bit of a selloff.he ball having to come back into the equity market to raise more money for their ventures? looked like the preferred way of doing it was and the be equity number, that was what i was kind of expecting when i was figuring out what it would cost, but who knows with this company? there is a lot of speculation with what is realized out there, something like 10 deposits for the model 3, hoping it would be able to be sold at a profit when the car is shipped, so there are a lot of different analyst estimates about how many orders will be canceled, what is the true demand, and they are looking at the model x, and they are saying that half of those orders got canceled, and investors want their money back. tesla has to figure all of that up, pulled a factory to manage that production, and try to sell that car, so it is a great struggle, and this will give them the cash to do it. scarlet: cory johnson, thank you, reporting from mountain view, california. right, what'd you miss? 22 things like wea

cory carter is organizer of the verbal connections crew. thank you very much for being here. >> thanks for having me. >> if we don't already have enough shortage on attention spans, devices don't help matters either. so tell us more about verbal connections, what you do. >> well, it's a social gathering but it's also a platform where men and women can come together to discuss life's issues. we talk about everything from relationships, dating, communication, all of that stuff. we cover it. there's also a high school platform. >> this is a cruz along delaware? >> yes, this is a cruise. >> are you having people check their devices at the door before they get on the boat? >> no. we want to allow devices to be present. >> it's a safe place for people to communicate. >> it's a safe place to communicate. my teenagers, most of them seem to communicate with this. they text, tweet, facebook. so this is about making sure people not only have conversation between a man and woman and parents and their children. >> right. right. all aspects of relationsh

adrian ballinger and cory richards left base camp to begin a six-day climb to the top. interview you'll see only on "cbs this morning" they show us their plans for the summit. dana jacobson is here with how they survived a dangerous night on the morning. good morning. >> reporter: good morning. when we last checked in with professional climbers adrian ballinger and cory richards, they had just been hit by a monster storm on the north side of mt. everest. while they were unharmed, it's a stark reminder how dangerous this mountain is, particularly for two men climbing without the help of extra oxygen. when adrian ballinger and cory richards face a brutal storm, with winds approaching 50 miles per hour. >> we just dug it out. >> reporter: their bodies were already depleted from climbing to 25,000 feet where the air is thin. >> your body is literally starved of oxygen. so everything you do makes you out of breath. >> we made the decision this kind of weather, no break, we've got to go down. >> we were battered the next morning. what you're seeing in the photographs and sort

cory pegues, everybody.em like the wireless world today could use a smile? at cricket wireless, we think so. that's why, prices for plans are all in, taxes and fees included. and we've got more 4g lte coverage nationwide than t-mobile or sprint. that's a whote lotta network for not a lot a dough. it's what makes cricket the happiest place in the whole wireless world. ...and stumbled upon some stranded enthusiasts.d... he shared his sandwiches. he rescued their rover. he observed their methods... ...and was invited to join the crew for the remainder of the mission. no. james left to discover new frontiers... ...and potable water. how far will you take the all-new rav4 hybrid? toyota. let's go places. from bank of america to buy a new gym bag. before earning 1% cash back everywhere, every time and 2% back at the grocery store. even before he got 3% back on gas. kenny used his bankamericard cash rewards credit card to join the wednesday night league. because he loves to play hoops. not jump through them. that's

cory: what do you mean larger than their competitors combined?admittedly one/tent of amazon services, but that is still a fast-growing business gronk after than amazon services. >> good point. when i say that, i mean in terms of compute capacity. amazon has been laying the groundwork for this opportunity since the 2000. i would argue microsoft is making a pivot. when i use microsoft cloud services versus samsung or google cloud services, amazon and google are superior because they are cloud-aided. when i think about the infrastructure that has been built out, that is where amazon is at a much larger scale than microsoft. carol: if i look at earnings projections, we know they sell a lot of stuff, we look at the revenue line. earnings this year, four times what we saw in 2015. do you really think they are going to make those numbers? >> this is where the velocity of their cloud product is coming into play. what's interesting about amazon they have been a retail company for a long time. with cloud growing in the 60% range, that is ramping quickly re

. >> i'm cory richards. >> we're on the north side of mt. everest at 21,000 feet. >> right here, right now. >> coming up "cbs this morning," we'll show how we're in the morning. and it's right here on "cbs this morning." >> yes, it is. with non-insulin victoza®. for a while, i took a pill to lower my blood sugar. but it didn't get me to my goal. so i asked my doctor about victoza®. he said victoza® works differently than pills. and comes in a pen. victoza® is proven to lower blood sugar and a1c. it's taken once a day, any time. victoza® is not for weight loss, but it may help you lose some weight. victoza® works with your body to lower blood sugar in 3 ways: in the stomach, the liver, and the pancreas. vo: victoza® is an injectable prescription medicine that may improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it is not recommended as the first medication to treat diabetes and should not be used in people with type 1 diabetes or diabetic ketoacidosis. victoza® has not been studied with mealtime insulin. vi

cory. what is villanova? you got them. sports teams for $400.

yes, i'm happy to get down alive, for cory to succeed. it's heartbreaking. still going through the emotions of failing after working so hard for something. it was a group effort even though only one of us went to the top. >> reporter: ballenjer was forced to turn back. >> nothing felt right. i wasn't hydrating and eating well. i was really cold. i knew i was getting to the point where i wouldn't be able to get myself down alone. >> i decided to keep climbing. i got to the top in about eight hours, just around eight hours >> insanely fast for no oxygen attempt. he was passing people on oxygen. >> i got on top, and -- i spent three minutes there. that was it. i spent no time up there. my body felt horrible, like i had the worst hangover of my life. >> reporter: for both men, it was all worth it. >> here we are. it was all about a partnership. i feel so incredibly proud and such a part of cory's success. >> posted on instagram, and i started with a quote that is -- "the whole is greater than the sum of its parts." i think that is absolutely true in this partner

cory: how deep is the catalog? >> it will be about 25 million or so songs.place with the three major labels. deal withy, we have a one of the groups that represents the indies which is another 13 million songs. cory: the question is whether things like title -- whether the title or apple music has more exclusive stuff in streaming services. will we be in a time when people will have multiple streaming services? >> you are kind of in the business but no, there is not a chance that that will happen. for the average american family, spending $120 on music for someone, that's a lot of money. can enterroduct, you the market at $1.99 which is great for the music industry itself. hopefully, we will raise first generation of kids that have paid for music out of the last four or five from the day they began to consume music. it should be great for the industry and its affordable for everybody. it felt like pinterest, the idea of putting on videos and pictures along with music. you're creating kind of a bulletin board of what you like in the world of music and can sha

cory: it is really cool, a speaker like device. the weather is, tell me a joke, add milk to my shopping list and it really captured the imagined -- imagination of programmers and google capturing the same idea. last year, we -- when you think about ai as the future of computing the same way that mobile was the future at one point. it will be curious to see what developments they announce and what development they try to inspire developers to chase after. >> cory johnson reporting live from mountain view, california. >> much more coming up, we have a bloomberg was it, the cochairman of bain capital and a co-owner of the boston celtics talks with us about presidential politics and why he is not worried who wins the white house. ♪ >> this is bloomberg markets. u.s. is still seen as a safe haven despite the current political atmosphere according to paint capital cochair -- who is also co-owner of the boston celtics. he explains why he is not worried about the president election outcome. steve: it has been more extreme than any other el

cory johnson joins us with more.was at stake was a $9 billion slice of google's android business that oracle no longer has claim to. reporter: it is interesting because oracle acquired this, they said during the trial, one of the reasons was the pile the desk all you take be placed on java. it is an open language and shared. the entire order of job required licenses. android was built entirely on java. they did it without requiring a license, oracle top had a big claim to that. just thought they had a big claim to that. oliver: so what will oracle miss out on, a lump sum payment? $9 billion. they spent a lot on the trial as well. this was the second trial. the first was also, it was not with they wanted. they got kicked back to court, same judge, overseeing the trial once again. so this means oracle cannot pursue other arrangements and other suits. it will be harder for them. the court found, or the jury found that the free use, the fair use of java was what google that --. and on top of without a license, they were

. >> two expert american climbers, adrian ballinger, and cory richards expected to summit are using livechats to show the world extremes. since tenzing norgay and edmund hillary have conquered everest. 260 have died trying to reach the heavens. to date bodies of two more indian climbers were found. >> too many climbers trying to descend at the same time may have led to bottlenecks that kept people at higher altitudes until the path cleared. norah since 1900, at least one person has died on everest every year. >> we'll be watching the two american climbers to see how they do. don, thank you. >>,,,,,,,,,,,, >>> the death of freddie gray in baltimore last year and the riots hat followed, put a spotlight on a city plagued by violence. we end tonight with one woman's campaign to keep the children of baltimore safe. here's jeff pegues. >> you going in? >> reporter: every day after school in one of baltimore's toughest neighborhoods, 100 kids pack into this small room. simply to have fun. >> are you eating or playing? you can't do both. >> the founder of the kids safe zone. >> wasn't this an ol

and we have cory johnson. let's start with you, andrew.ancial times," and it came from eddy cue of apple. how seriously do take this initiative? andrew: not seriously. it sounded like a one-off comment in a single meeting that is not go far. if you look at apple and the scale of the businesses they would be looking at, i would think if they would look into the video, they would look at platform rather than content. david: that is what i wanted to ask you about. not been a content company, but a platform want. this would be a major change in strategy. would be. part of the reason i do not take it seriously is that they would look for a business they could globalnfinitely on a basis. producing content is not that kind of business. vonnie: i was going to bring in cory and ask they may not be wanting the tech -- the time warner cable, but why not get the asset? cory: if you look across the competitive landscape, you have amazon prime, netflix, apple, where they are all delivering video content online. apple is the only one not doing certain --