now this two are together. >> cory johnson and alex gauna from jmp securities. alan mulally landed a spot at google after just retiring from ford earlier this month. we will tell you about google's newest board member next. ♪ >> welcome back to "bloomberg west." i'm emily chang. google just named former ford ceo alan mulally to the board of directors. he will serve on the google audit committee. mulally retired from ford earlier this month. editor-at-large cory johnson is still with us. joining us from new york is bloomberg's matt miller. you have interviewed alan mulally many times over the years. did he give you any hints about this? >> he did not. i spent the morning e-mailing back and forth with him seeing what he's up to, how he's doing thinking he would drop me a clue on the future, but he just said he was hanging out, finishing his social security benefits and practicing his tennis game, not really telling me anything about google. that's about what i would expect from him. he's not a fan of cronyism and he will not give anyone any favors. just because we

cory johnson and i spoke with marc rotenberg.rted by asking how bad the ituation is. >> i think it is a serious decision for google. ssentially the supreme court left in place the decision which found that the company had violated the federal wiretap act. the street view vehicles that were supposed to be taking pictures of houses were also capturing wi-fi communications. when people learned about that, they charged that the come but he was violating federal wiretap laws. >> what exactly is it google doing here? some of the things it sounds like they were collecting sounds ominous, e-mails, passwords, images, documents, all unencrypted. >> and they would have cars patrolling the streets, not just in the u.s. but over the world. they were taking pictures of everything around them, everyone walking, everyone's homes, and there were also secretly gathering wi-fi hotspots. not just the location but the actual ip addresses. they wanted to know exactly what computer you are using and what your home router ip address number was and where

was the surveymonkey ceo with cory johnson.ost of us only think about fireworks on the fourth of july, some people are thinking about them all year long. by day he is the senior vice president of hardware and software development at oracle. in his homemade fireworks factory in the middle of the arizona desert. he has curated some of the biggest fireworks displays in the country, even designing a special show for his boss larry ellison over the san francisco bay. look at this unusual hobby. i am senior vice president of hardware and software development at oracle corporation. when i'm not it there, people can often find me out here in the desert making fireworks, blowing things up. making fireworks when i was just a kid. of course when you are 12, you cannot be serious about making fireworks because nobody will let you. as i got older, i could afford that are equipment and chemicals , the raw ingredients to make fireworks. there is a lot of parallel when developing a product and developing something people like to see in the sky

for the latest on apple's quarter, our editor at large cory johnson spoke with alex. and gene muenster, who has been covering apple since 1995. cory started by asking gene which part of the earnings report stood out! >> two things. first is the growth margin was much better than expected which is a sign that the underlying profitability is better. that was a huge concern nine months ago. they are doing well there. second, they are reiterating this product line. new categories. products and services in the back half of 2014. they started this expectation almost a year ago and we're now at -- this is a critical window now in next six months to get some of those products out. i think that is the real takeaway. >> alex, let me ask you about the gross margin. that was number that jumped out at me as well. i was wondering if it would take a big hit because over the new products coming out likely this quarter? >> we think apple has a propensity to guide. we're not overly concerned with this one quarter's worth of guidance. going back to your original question, cory, is this r

that was john jackson with cory johnson.l have to face a class-action lawsuit over its data collection. the supreme court refused to consider their appeal a lower courts ruling. the plaintiffs accuse google of collecting e-mail and user names shooting images for street use. google has apologized for collecting personal information and say it was a mistake. they say it did not violate wiretapping law. cory johnson i spoke with an electronic privacy expert. how bad is the situation for google? is a seriousis decision. the supreme court left in place a decision that found that the company had violated the federal wiretap act. these street view vehicles that were supposed to be taking pictures of houses were also capturing wi-fi communications. and people learned about that, they charge them for violating wiretap law. >> what are they doing? it sounds ominous. this is all unencrypted. >> they were having cars patrolling the streets in the world. they have these street view cars and they were driving on the street in taking pictu

. >> cory johnson with our guest. is it time to change patent law?ashington looks for a little help from silicon valley to clean out the junk. that is next. ♪ >> welcome back. legislation to kill patent trolls died on the senate floor this spring, so the patent trolls live on for now. but the u.s. trademark office is not giving up its fight to reform the patent system. what is a patent troll and why are they causing such edits for -- such headaches for technology companies? cory johnson has the answer. >> they are called patent trolls, committees who acquired the rights to a patent but do not have to sell or produce anything. they build patent arsenals, often collected from abandoned stockpiles of universities, failed startups, and defunct big tech companies be at once they build their war chest, those trolls go out for blood, targeting companies whose technologies are similar to those outlined in the patents. they threaten costly lawsuits unless licensing fees are paid up in most troll attacks are settled out of court through nondisclosure agreement

ory johnson spoke with alex. cory started by asking jean what part of the earnings report stood out! >> two things. they are reiterating this product line. new categories. products and services in the back half of 2014. they started this expectation almost a year ago and we're now at -- this is a critical window now in next six months to get some of those products out. that is the real takeaway. >> alex, let me ask you about he gross margin. i was wondering if it would take a big hit. >> we're not overly concerned with this one quarter's worth of guidance. going back to your original question, cory, is this result good enough for now? yes. it was a good result. apple is showing the best e.p.s. growth it has in seven quarters, up 20%. its key competitor, samsung is in a state of contraction. >> i was surprised that we saw iphone sales increase 13%. with the new phone coming and everybody knows it, bloomberg news, our colleagues reporting that the first time, you would think the sales would have fallen off a little bit.

you heard what cory johnson said.here other issues beyond the cnn that these half to worry about? >> yes, if the deal goes forward there will be a lot of issues outside of cnn. a lot will depend on how the antitrust agencies define the relevant markets. everything from hollywood studios to the other assets that time warner and fox have both in the united states and frankly around the world. >> harold, talk to us about the framework in which the fcc will look at this. >> the fcc will look at this candidly. i don't think they have any legal reason to look at it at all but this will not stop them. these are two entities heavily regulated by the fcc so they will take a good, long hard look at it. they will do what is called the public interest standard which is an amorphous term and it will be whatever the fcc decides to do with it. i think they will look very heavily at the cable programming and they will probably also look a lot at the bargaining power and negotiations between cable programmers and the distributors whic

jon erlichman, our senior west coast correspondent nla, but cory johnson has the bite for today. -- in cory has the byte today. >> 1. introduced a new logo with an interesting icon that looks like, well -- >> you say it. >> i was a looks like a bent paperclip. it has a feminine quality. >> a rounded triangle. >> it has a lovely, attractive, feminine quality. [laughter] >> so many people have been tweeting at me since the early show. jon, your thoughts? >> i'm glad you brought up the body part because there has been a lot of discussion around that. it's kind of like a circle inside a triangle. >> that's a good way to describe it. [laughter] on sirius,berg radio the host asked as well. we needed to describe it for our radio listeners. >> we did describe it. listeners get the point. airbnb worked with a u.k.-based as i'm firm -- design firm. the point out that it looks exactly like automation anywhere's logo, a software company in san jose. >> more curves to the airbnb one. >> i like the old logo. maybe that means i'm not willing to change. why? >> you are willing to change but it's a dif

rana from bloomberg industries and editor-at-large cory johnson, thank you. teal known for his bold investments, so how does the fund choose his investments? one of the partners is here with us. ♪ >> welcome back to "bloomberg west." i'm emily chang. from investing in robots to 20th century space travel, founders fund has one of the most unique word folios. founded by paypal cofounder peter thiel, known for its bold bets and risky invest ends. what's behind their philosophy? jeff lewis joins us in studio. you guys are always investing in that sound crazy, software for oil rigs, hampton creek foods trying to replace eggs in the food chain. how do you explain the strategy? >> the strategy is to invest in the anthony's to radically advance humanity. that's the strategy. -- the strategy is to invest in the companies to radically advance humanity. spacex is trying to advance humanity to mars. one investment that has recently come public, emerald therapeutics, trying to build an amazon service for life sciences reducing the cost for life science companies by an ord

cory johnson, editor at large. for watching this it vision of "bloomberg west." ♪ >> the following is a paid advertisement for omega xl. ♪ >> my name is larry king. a few years ago, i had to have open-heart surgery, and when i recovered, i established the larry king cardiac foundation to help people like me avoid heart problems with proper foods,

cory johnson, our editor-at-large, thank you as well. all for watching this edition of "bloomberg west." get all the latest headlines on your phone, tablet, and bloomberg.com. ♪ >> the following is a paid program. >> this is a paid advertisement from the united states gold and silver reserve buying these items carries risk. the use are those of the advertiser. the information presented is accurate as of this taping.

cory johnson, our editor at large. all for watching this edition of the show. ♪ >> turning ideas into action. the clinton global initiative attracts some of the world's best people. the goal -- find solutions that promote economic recovery in the united states. on a bloomberg tv special. from this year's meeting in denver, colorado. we sit down with bill clinton. >> we should look at this money as a one-time stimulus. >> zillow cofounder, robert rubin, former treasury secretary.

surveymonkey ceo dave goldberg with my partner, cory johnson.of us only think about fireworks on the fourth of july, some people like oracle's mike workman thinks about them all day long. he's a senior vice president of hardware and software development. fireworkshe's in his factory in the arizona desert. he has curated some of the biggest fireworks displays in the country even designing a special show for his boss, oracle ceo larry ellison, over the san francisco bay. take a look at this unusual hobby. mike workman, senior vice president of hardware/software development at oracle. you can find me out here in the desert making fireworks, blowing things up. i started making fireworks when i was just a kid. when you are 12, you cannot be serious because no one will let you. as i got older, i could afford better equipment and chemicals, the raw ingredients. fire in the hole. as a lot of parallels between developing a product and developing something people like to see in the sky. audiences like loud noises, different kinds of textures, , sometimesr

cory johnson, our editor at large.ll for watching this edition of the show. ♪ >> welcome to "money clip," i am adam johnson. we got a blockbuster show -- the company is suing to you mobile for bogus charges. what comments does john leg ere have for us this time? we're off to daytona where a major renovation is shifting into high gear. what gets bill clinton pumped? he will tell you in a bloomberg exclusive interview. a summer wine was from one of the biggest importers in the country and finally we have an ultra-deluxe powerboat known as the aston martin of the sea.

cory johnson is still with us. does automatic check and work echo -- check in work?t launched automatic hask-in recently and it been a huge success. we look at constantly enhancing our customer service and experience. auto check-in is a great way to move forward. going to ak about baseball game, you don't check in. why do you do that at an airport? we look at airports in the future to be more transitional in nature than transactional. we are looking to eliminate a step in the process, so customers don't have to go through that. the auto check-in is the first of several enhancements we are rolling out in the next 18 months. >> i might understand why you check-in at an airport because of not enough people are checked in for the flight, then you can get in on the flight, which is a bit different from the baseball game. but one of the things about internetata, you have connections to speed up this whole process. explain how that works. >> when -- with a company like jetblue, we do not oversell tickets, so we do not have that problem. check-in was a 1960's process when ai

cory johnson, our editor at large.or more on the state of samsung 's business and whether it can keep hold of its dominance, i want to bring in a special panel we have today. ryan is the director of mobile device tracking. well.s with us as benedict, i will start with you. do these numbers show that samsung, who can reach everyone, that is not the case anymore? isthe android business unstable and uncertain at the moment. there is a strand that says it is going to look more like the pc market where the components are underneath, samsung and most have been unable to create value added services. you have a commodity product and a lot of price pressure. so the question everyone has been asking, at what point do cheap competitors from chinese eat into that? that is starting to happen. what you may also see if apple comes out with a larger screen phone and the way ios8 allows you to customize, apple may take a larger share of the high-end market. it is a threat from both ends. >> samsung has a couple of higher end devices co

cory johnson is here with me.ichman is in l.a. >> 46.8%, according to the controversial facebook mind control experimental study. they put out positive and negative post out to see whether people would post more positive or negative things. it was a secret experiment they performed on users but has since apologized for. they said 46.8% of the time, people would be positive in their posts. 22.4% of words were negative. they tested 155,000 people for one week in 2012 and found that showing people more negative things made them post more negative things. >> huge backlash against the study. jon, what is your take? facebook will have to deal with a bunch of stuff, we talked about the twitter model earlier. facebook will have to satisfy users and privacy issues are always important. they also need to keep young people interested in using facebook. those findings, separate from what cory shared, are pretty interesting. the haters are hated. whether it is facebook or youtube, there are always negative comments, but maybe

i am cory johnson in for pimm fox.ar the average american ,onsumed four pounds of shrimp making it the most popular seafood eaten by americans, even more than the humble can of tuna. is providing shrimp. i am joined from chicago by carlino brown. great to have you on "taking stock." what did you do before you grew shrimp? >> board and soybeans. >> from soybeans to shrimp. in the protein business. how different is this? >> it is a lot different. it is a totally different animal. corn and soy. .> talk about this how did you discover a question mark >> we were looking to get into jalopy of for about 15 years. -- we were looking to get into for about 15 years. then it got to be very hard to find anybody to let us see what they were actually doing. then we came across a shrimp farm and the rest was history for us. -- i wast history surprised by this article in "the new york times," talking about shrimp consumption in the u.s., shocked that it is bigger than canned tuna and has been for over a decade. >> yes, it has. one of

i am cory johnson.obe bryant is gearing up for a film that zeroes in on his inspiration, with meetings from everyone from oprah winfrey and others, and we caught up with him, and we are joined from now with an l.a. icon. >> it was really interesting, cory. i think whether you are a ceo or a star in the mba, you need to be dedicated. i do not think anyone has ever questioned kobe bryant's dedication, and this coming out later this year is not really the story of kobe bryant. it is more about what gets you inspired, who inspires you. here is a bit more about that. >> i look inside and say, ok, what was the genesis for me? who inspired me to get to this point? when i face adversity and look at this challenge and opportunity, where did it come from? who did i learn that from, and that is what this film was really about. it was about a kid seeing the film and being inspired by the film, being able to have muses of his own. i think that is what it is about. >> what is this process? you pick up the phone who a

cory johnson, editor at large. for watching this it vision of "bloomberg west." ♪ welcome to "money clip." in motors, big hearted for planes. one of the world's largest airshows takes off. in property building, the hudson yards. we talked to one of the top developers in new york city. a mammoth private real estate project. in company, lyft gets a flat. not exactly the car service into new york jet. g.m. on its mind. ken feinberg tells bloomberg how he is handling the compensation for the recalls.

cory johnson is in the newsroom with the story. this.ampaign is staging a protest at facebook offices asking that they discourage the money they got from running those ads. the campaign director is with us from london. john, how was the protest? >> good, strong support from the public. even people in the offices in the facebook building who were opening windows and showing thumbs up. to theare sympathetic question that we are asking facebook, which is, if you have done business that promotes such a terrible regime, the thing you should be doing is making it right,and by making it we mean, give the profit you have made promoting an atrocious regime like this, give it back to the people who it belongs to, ordinary civilians who are in desperate need of assistance and food. there are a lot of aid agencies that could provide assistance with that money. reached out to facebook and they said they took the ads down, do not really know who paid for the ads in the first place, but the money did not come from syria, so they felt they were not brea

appliance market. >> cory johnson, our editor at large. more on the state of samsung 's business and whether the company can keep hold of its global dominance, i want to bring in a special panel we pulled together. benedict evans is a partner at andreessen horowitz. the director of mobile device tracking. with us.till benedict, do these numbers show that samsung, which has shown it is a company that can reach everyone from high to low, that that is not the case anymore? business isid really unstable and uncertain at the moment. it is starting to look more like the pc market developed, with the components commodified underneath. of the androidt areas have been unable to create a value added in services on top. you have a commodity product, a commodity component. been askinge has over the last two or three years is, is samsung's position sustainable. what you may see in a couple of months if apple comes out with a larger screen phone, and the way iowa state allows you to customize the iphone, you may see apple taking a larger share of the hi

cory johnson as well. all for watching this edition of the show. ♪ >> from bloomberg world headquarters in new york, i am mark crumpton and this is "bottom line." today, a government panel calls for revisions to the u.s. spy program. then iran nuclear talks in vienna reach an impasse. plus a look at the latest in technology innovation. the curved television. to our viewers here in the united states and those of you joining us from around the world, welcome, we have full coverage of the stocks and stories makinghe

i am cory johnson in for pimm fox. today's theme is goal. herbalife missing its goals and we will break it down. plus, frank lamberd signing up with the football club. the business chief will talk how the business chief will talk how he will increase profits and score goals. and business easier done with shrimp than soybeans. let's go to su keenan for headlines. su? >> herbalife stock is falling in the afterhours trading, down more than 10%. the company posted second-quarter profits that trailed analyst estimates as sales volumes declined. the net income fell 17%. it missed analyst projections. meanwhile, darden restaurants ceo clarence otis will step down as chairman and chief executive officer. otis will continue to serve as ceo until a successor is appointed. last year, darden drew the ire of investors when it proposed selling or spinning off red lobster, a seafood chain which has suffered from declining sales. and zillow has agreed to purchase trulia for $3.5 billion in an all stock deal. and those are the top head

cory johnson, editor at large, thank you as well.hank you all for watching this edition of "bloomberg west." all the latest headlines on your phone, tablet, and bloomberg.com . from bloomberg world headquarters in new york, i am mark crumpton and this is a special edition of "bottom line." janet yellen and the federal open market committee will release as damon on monetary policy. they have been pairing bond purchases since december, as the u.s. economy grows faster than forecast in the second quarter, u.s. central bankers face daunting pressure to act out room -- back off from easy money policies. we will be hearing from chief washington correspondent peter cook at the fed, joining us in a few minutes. joining us, michael mckee, lisa abramowicz, and miserable financial chief economist and diane swonk. thank you for joining us. financial chief economist diane swonk. what can we expect? >> they do these forecast all year but we are expecting -- basically, what janet yellen statementur read the and thrown in the trash, then she has don

here with cory johnson.aeli ground assault in gaza is escalating with death old climbing on both sides. than 500 palestinians, mainly civilians, had been killed since the israeli offensive began. the ids has lost 18 soldiers. how has technology helped in the efforts to avoid any more casualties? red alert apps greater joins us now from jerusalem. is an applet that warns israelis of an incoming rocket strike. we are joined by a person who led the nation for nearly a decade on the phone. thank you both for joining us. i will start with you. we heard a lot about the technology and sophistication of the iron dome which helps prevent israelis from rocket attacks. can you explain how this works on the technological pe rspective? >> it works like an air defense system. you have radar or another sensor that sees the target. and calculate the trajectory of the rocket. it intercepts the missile. it shoots it and killed it. s it. the principle is simple but the execution is quite difficult because it is like hitting a

i am cory johnson.ople looking for love have swiped through the tinder profile apps millions of times. a recent study by symantec shows that fake prostitution profiles are appearing on tinder. who is behind the profiles and how are they getting around the spam filters? i'm joined by the author of that report. this is kind of amazing. >> it's a really popular service used around the globe. it's not surprising seeing them trying to target these users. >> explain exactly what's going on here. >> we published a report about an adult webcam-based scam. they will connect with you on tinder, and if you send them a message they will start going through a message. they will tell you to quick on the link if you want to have an adult conversation on a webcam site. it's free to sign-up at they ask you for a credit card and they say you will not be charged. if you don't cancel the account after a few days you will get charged up to $80. >> wow. i know they were looking to find revenue on tinder. >> this is not sanct

thank you so much, author hugh howey, mark coker, and cory johnson. could snapchat really be worth as much as $10 billion? alibaba could be ready to invest some serious cash in the photo disappearing app. that is next, right here on "bloomberg west ." ♪ ♪ >> i'm emily chang. this is "bloomberg west." snapchat is in talks with ali baba group for a financing round that could value the photo messaging company at $10 billion. people with knowledge of the situation tell bloomberg the talks are ongoing. the terms of the funding could change, but if it is completed snapchat would join companies like dropbox, airbnb, uber with valuations more than $10 billion. alibaba group is gearing up for a u.s. ipo and has invested in a number of u.s. companies recently, including shop runner. joining us to discuss from new digital,he ceo of tbg and our editor-at-large, cory johnson. simon, i will start with you. snapchat has no significant revenue that we know of. $10 billion? is that fair? >> it is when you look at valuation approaching 200 billion dollars. it snapchat

i want to start by bringing in cory johnson and brad stone.rad recently traveled to xiaomi where he attended the mipad tablet launch. and interviewed xiaomi executives. an in-depth look. you spent 10 days there. that is a long time. this is a company called the apple of china. is it really? >> i think in a lot of ways it is. in just four years, it has built a brand that consumers love, they covet. the remarkable thing is it has grown very fast, sold 18 million smart phones last year, but left a lot of customers disappointed. those phones are hard to get. they are maturing the supply chain so they can build the demand, but customers are hanging out outside. it's like a carnival. >> people were on train 15 hours just to go to this event. >> they are drawn to the company and the star power of the executive, lei jun, who has a long career in chinese technology. he was a prolific angel investor. he is really a star of the chinese technology scene. >> he brought together seven other tech titans, who could've been ceo's of their own company, to form

cory johnson is still here and our guest from new york.lived and worked in china for almost two decades. what exactly is happening here? >> yet the national development and reform commission accusing qualcomm of anti-monopolistic position. at the same time, he had chinese handset and fractures see this enforcement action. they are saying, why do i have to pay qualcomm? -- difficulterent for the san diego company to sign of anyone to pay royalties. they're all waiting to see how tough beijing will be on the company here. >> this is an enormous development. it suggests the very basic laws of intellectual property that a company like qualcomm that has a majority of its revenue coming from license chips, the rate basis of intellectual property isn't going to hold up if china doesn't want it to. >> we have seen since the end of 2009 with a concerted attack on google and real effort to undermine foreign business in china. if qualcomm wants to see what its future will be like in the country come it should look at what happened to that search engi

revelations about watergate. ♪ >> i'm cory johnson in for pimm fox. cohost on occasion, are at least my regular host, carol johnson. -- carol massar. flex beating out estimates my guilt -- >> eating out estimates, yelp did well in its local ad business. snapchat is said to raise money from ali baba. the valuation is said to be worth about $10 billion. this according to people with knowledge of the situation. last year, snapchat said thanks, but no thanks to a $3 billion takeover proposal from facebook. metlife doubled up on derivatives and chilean business. net income climbed last year. shares are down around three quarters of a percent in the after-hours trade. and investors are taking a bite out of shares of whole foods in the after-hours trading. salesmpany lowered its forecast this year, the reason, increased competition. sales are off from the 11% in initially projected. those are the headlines. >> thanks, carol. one company sells products on store shelves, popcorn, indiana. the company ceo and president is joining me right now hitesh hajarnavis.

cory johnson is in new york. what have you got for us?pecific number -- the bwest right today is dozens. said in their conference call today that they had dozens of multiple listing services that provide listings directly to trulia. zillow has none of these. the ability to show every house for sale in a given neighborhood has been troubling for zillow. you can be in a neighborhood standing in front of house for sale, looking at zillow and not see it. but by biting -- five by eating , they getg trulia access to that. >> what does the mega merger to other players in this space customer they all do slightly different things but companies -- what does it mean for them? >> red tin is a broker and not a listing service. they don't pretend to show you every listing out there. and zillow pretend to show you every listing and attendance -- it's an interesting notion that it collective of media properties like condÉ nast or time warner where you have lots of different races were the same advertisers have to buy ads, that is what this renovation is.

editor-at-large cory johnson is still with us. activity escalated in the last couple of weeks as the conflict has escalated? >> it is -- people are subscribing to notifications. it is mostly escalating in israel. developers should use the platform, anyone can use it. they leverage it. >> how does the technology work, how do you know when the rockets strike? >> this is the notification platform. to detect when the rockets attacked, they announce in the website and the red alert developers connect and that is how it works. >> you have in -- been there and you have presumably have served as well. how distracting are you -- is it when you are doing business, does everything ground to a halt. obviously the prime minister decided the risk was worth it. how disruptive is it? >> every one or two hours you get a siren and everyone runs for cover. you can't really do business. it is not a way to live. people cannot live like that. currently the situation is only in israel. usually it is only in the south. they cannot go on. >> it is startin

cory johnson is here as is alex sherman who helped break this story last week. what are you hearing now that we know this is officially happening? >> this is a huge premium on this deal. we reported this deal last week but the terms are a little different than what we reported. this is an all stock deal for 3.5 billion dollars total, giving zillow about two thirds of the company and trulia about one third. but if you back it out before our scoop, it's a 74% premium zillow is paying. that's an enormous rhenium even in terms of two high-growth companies. that is why we see zillow stock backing up a little bit and trulia stock rising then the 30% or more than a rose last week. these companies coming together, and they will continue to run independently as two different sites. over the long term, we may see one site impacting the other and we may see operationally how these sites come together in the long-term. the synergies are coming from operator expenditures -- say app development or marketing development. as one company, you can cut out the duplicate of costs.

i'm cory johnson filling in for pimm fox.n if obamacare continues to be challenged in the court, it is enjoying slower growth in spending. we are joined by kenneth fasola. talk about how this affects your business in regard to obamacare. >> thanks for having me. consumers confused about what is next. the news is a bit alarming to some with, perhaps, courts ruling on subsidies. successful enrollment for us though. thousands of consumers came late into the program and we were able to enroll about 100,000 people at the end of the first quarter. now we are just taking stock as far as the people we've enrolled, but they've got their cards and coverage they need. >> the system work more reliably toward the end. clearly consumers caught on. >> people wait into the last minute to do something? >> shocking. >> explain how your business works. >> we serve individual consumers. we have 3000 field agents in 42 states and telephonic support. our technology is indifferent to the channel and we try to sell to the consumers were they are. th

cory johnson, thank you.valued at 118 billion dollars, hoping to grow their business even more by targeting corporate clients. they just rolled out a new program dedicated to the business traveler, able to book rides and pay with corporate expense accounts. she started by asking him how the corporate service works. >> we will make it easier for them to get their receipts. second four the corporate travel expense manager, we will give them a dashboard on the web where they can add employees, remove them, look at what they spend across their employee base. it will make it easier for them to manage. >> will those coo's of businesses be able to look at the huber usage numbers? one of the issues they have had with corporate accounts before, it is an endless pit of money they are spending on car services, wait time that they can't get to the bottom of. >> that's right. if you are an expense manager at a company, you deal with paper receipts, vouchers, all kinds of different methods. we will be simplifying all of th

i am cory johnson. in for emily chang.s buildinghe buzz about apple's next big thing after ceo tim cook says that he cannot wait to show off new products and services. this comes after they reported solid third-quarter results. revenue and profits rising tanks in part to huge iphone sales. the powerful family dynasty of samsung is facing an uncertain future as the patriarch has been in the hospital since may and there are renewed questions about whether his son will be able to exert as much influence. health tracking devices are all the rage right now, but what about devices that keep tabs on your car? the ceo of metro mile collects information about gas mileage, commute times, and more. to our lead story, apple is dropping more hints about upcoming products in yesterday's earnings release. the ceo said that they were incredibly excited about the upcoming release of ios eight, as well as other new products and services that they can't did to introduce. nonetheless, he did wait. be asaid that it would very busy fall, creati

cory johnson is back now with more.ort technology, the transport for space travel on earth, they call it. tube transportation could get you from new york to beijing in two hours. why not? ceo joins us from colorado. talk to me about this. when elon musk proposed a hyperloop system, i thought it was ridiculous. you will tell me i was wrong? >> actually, traveling in that environment is the most proven form. most of us have been traveling that way our whole lives, traveling 6-7 in our lives. it is actually very proven. also, traveling in the pipeline is also proven for cargo. throughe four tons pipelines, kind of out of our mind. more than trains and trucks and aircrafts combined. that's how long could such a route feasibly go? >> cp3, if it is built -- et3, if it is big -- built to the same standard, they could be networked together on a global basis, and that would allow a from southravel america, up across the united states, across canada, but , acrosshe bearings siberia, across to china, through india, and across ofop

i'm cory johnson. it on bloomberg west this hour, means biggere sales. the company getting geared up for its largest initial run of iphones ever. this comes as competitors like omi are releasing bigger devices. kobe bryant is getting ready to the technology community for inspiration. he talked to bloomberg west about the lesson he learned from apple. politicians swinging for silicon valley, hillary clinton was here. what's with washington's obsession with the texting -- with the tech scene? to our lead story after saying android buying other smart phones, apple is going all in with bigger screens. the largest initial run of iphones ever. it 70-80,000,000 phones with larger screens. bloomberg broke the news a wild back. 5.5 inch screen. this comes as apple faces increasing competition from samsung and xiaomi. the senior managing director joins me and the chief research analyst. brian, let me start with you. even when they announce a new product, this feels like the quarter before something. phone fored for this a long time. it's nothing revolutionary. >>

cory johnson is back with me now.issue you have been working -- looking at very closely that has captured the attention of a lot of commenters. >> it really has. when you look at net neutrality, open internet, what that might look like, let's first take a second to look at what net neutrality really means. >> al gore did not invent the internet, but he did invent the phrase information superhighway, and what better metaphor to notion the controversial of net neutrality. let's take a drive. guzzling hogging gas beast. a metaphor for a video we pull out of the parking lot. interstate, the backbone of the internet, at full speed, as fast as 100 gigabits per second. the backbones are owned by a handful of private companies. all of our fellow travelers are traveling the same fast speed before we reach the exit. that last mile is owned by a small group of internet service providers like comcast, time warner cable, verizon. they have different rules of the road. gotten off the information highway at a blazing fast speed, but

i'm cory johnson and for emily chang. senior west coast correspondent jon erlichman have all the numbers from los angeles. >> this has become a point in time reminding us of what the profit potential of facebook really is. we have a special "bloomberg roundtable. adam burke joins us. he can very much help us understand the business behind them. also joining us, david kilpatrick who literally wrote the book on facebook, "the facebook effect." and from new york, sarah frier who covers facebook in and out. david kirkpatrick, i want to start with you. we get these quarterly earnings and we are reminded yet again -- aha. wow. look at what they are able to do. what is your reaction? >> we are getting used to days like this. they've had four in a row now now that they have figured out mobile. i think it is becoming increasingly clear what a colossal money machine this company can become and is becoming. and whenim out in 2010 i wrote it, i had no idea what happened. i thought it would be a good business -- my book came out in 20