cory johnson, our editor at large at hp headquarters in palo alto. thank you.next, what has oculus vr been up to since being bought by facebook earlier this year? we have their ceo, brendan iribe, with us next. ♪ >> number bloomberg television on the markets. 500 -- the s&p 500 could not hold on to their morning gains. the vix rising to 15 and a half. let's take a look at a couple of individual movers. hewlett-packard, splitting into two. deckers outdoors, coming to , in partrom overweight because of difficult holiday comparisons. >> you are watching bloomberg west where we focus on innovation, technology, and the future of business. i am my chang. has been making bigger waves in the virtual reality business. --y have turned some sex amsung's next note into virtual reality device. our guest joins me in the studio. i want to talk to you about this donation. why are you [inaudible] wanted whichwhat i was establishing relationships and these great memories. i lived on campus or next to campus for while and started a company freshman year with somebody else and he

cory johnson has more on the growth of the market place.lped al qaeda companies and smoke -- has helped all kinds of big companies and small companies. we are not talking necessarily hr software, but how it is changing hiring, how employers know so much more about what is working and who people are, and not just the way we look at a resume and try to figure out if this is a person. >> it's about having the data. businesses in0 america, 258,000 employees. we understand what it takes to attract and retrain -- ret ain great people. it's everything from a paycheck to a bonus check to a change in marital relations. it's all those things. hire aare going to programmer in san francisco, i can tell you what it takes to hire that programmer. do they get to see what a successful program looks like before they walk in the door? >> absolutely. we attract retention and turnover -- we tracked retention and turnover and the difference it makes in different jobs. heard that two thirds of all jobs will be replaced by robots. it sounds like there is a dynami

cory johnson, our editor at large at hp headquarters in palo alto. thank you.next, what has oculus vr been up to since being bought by facebook earlier this year? we have their ceo, brendan iribe, with us next. ♪ bloomberg television on the markets. here is how u.s. stocks closed on this monday. , the stocksfell cannot not hold onto their morning gains. small caps led the way down. to 15.5 on this monday afternoon. let's take a look at a couple of individual movers. you let packard closing up -- hewlett-packard closing up almost 5%. personal computers and printers will make up one business. outdoors, neutral from overweight. the upside will be limited because of difficult holiday comparisons. down more closing than 2%. >> you are watching bloomberg west where we focus on innovation, technology, and the future of business. i am my chang. oculus vr has been making bigger waves in the virtual reality business. they have turned samsung's next note into a virtual reality device. our guest joins me in the studio. i want to talk to you about this donation. why are you

cory johnson spoke with a news reporter who covers facebook. cory started by asking if facebook's announcement is indeed a game changer. >> facebook has been moving in this direction for a long time now. earlier this year they allowed mobile up risers -- advertisers to use their applications. they allowed shopping tracking across the web, and they bought live rail. they have been moving in this direction but this is actually a new announcement for them. this ad server did not exist before. it is going to make a difference in the industry because they are tracking people by their facebook identity, not by cookies on browsers as they have in the past. >> you work with facebook a lot. this seems like a huge deal to be able to take their ad platform beyond facebook. >> it is really exciting. facebook is starting to lay the groundwork for the next generation about technology. it is a like how stock traders would use it. helps them to measure their campaigns, which is incredibly strategic. if you own the tool that helps a marketer measure what they ar

i also want to bring in cory johnson, who has been listening to some of the things cory had -- mark zuckerbergying. >> an interesting focus for mark zuckerberg. it blends the line of philanthropy and good business. he is talking about all the people who are not online. not only can they not be facebook customers or viewers of "bloombert west" online. see thattrying to movement to get people online all over the world and india here a list in to some of the things he had to say. >> point traditional network infrastructure to connect rural communities with low population density is not really cost effective or practical. that is why it has not been done yet. we are working to develop new technologies that can be more efficient for doing this and 15% of people.is >> is not just as simple as getting computers and phones in the hands of you who do not have them. sorts ofut event information opportunities and reasons to be online. >> right. app have the internet.org where they offer free services like job services, health nurses, to users in places like india. it is not just facebook trying to connec

could increase to 50%. -- cory johnson >> cory johnson. movie comes with a mobile game. new trend when it comes to movie marketing. ♪ >> welcome back to the best of "bloomberg west." i am emily chang. fox's animated movie "the book of life" has hit theaters and along with it a new mobile game. fox partnered with a company to develop a game featuring the actors from the movie. the collaboration makes the first time they have partnered with a major studio on a game. i spoke with them to see how the partnership happened. >> we are seen a big trend in the industry where content owners really understand the of taking that content and integrating it into the game and understanding that in a lot of cases the revenue is generated from the game is larger than the original intellectual property. this improve marketing for the movie? this is a perfect win-win situation. from our perspective, the works with marketing. the movie helps promote the game and the game helps promote the movie. we spend less money on it marketing dollars. we get this amazing animation and audio. all the gr

cory johnson, our editor at large at hp headquarters in palo alto. thank you.nxt, what has oculus vr up to since being bought by facebook earlier this year? we have their ceo, brendan iribe , with us next. ♪ >> it's 26 minutes after the hour, which means bloomberg is on the markets. i'm scarlet fu. let's get you a check on today's stock market action. we have been s&p 500, dow, and nasdaq moving up a little bit. still down, but not by much. 1.8 points for the s&p. is up bybrazil index almost 7%. the best gain in four years. gold prices at session highs. they still have not reached friday's game, but are above $1200 now. that as theto watch dollar continues a stronger trend is well. "bloomberg west," will be right back. we were on the market again in hour. >> you are watching "bloomberg west," where we focus on innovation, technology, and the future of business. recentfacebook's acquisitions, oculus the are, has been making waves. the company recently announced a partnership with samsung to create the gear the our, starting -- essentially turning the next note i

cory johnson is with me now.s no surprise that facebook is always focused on user growth before it is focused on monetization. you barely see any ads on instagram. >> they might focus on users but they are not getting the way they used to. there just are not that many users out there who are not on facebook except in places where they cannot be like china or in africa. whatsapp.alk about i spoke with sheryl sandberg yesterday and she emphasized that they are not planning on whatsapp and mark zuckerberg said we want to get to one billion users. yesterdayreaking out p financialat'sap[ filings came out. we can see just how about a business model it is. that got a lot of users and will find a way to monetize it but this business was losing so much money. they lost over $200 million last year and over $300 million in the first half of this year. sapp was not just expensive but expensive because of how much it lost and continuing to lose. >> what about oculus? what did mark zuckerberg say about oculus? he said don't ex

editor-at-large cory johnson has been digging into the company's financials, as he loves to do.t have you found? >> hp also announced plans to lay off another 5000 workers and take another 600 million dollars and extraordinary restructuring charges that increases the size of layoffs to 55,000, restructured a $4.7 billion right now. what's behind this permanent state of catching up with hewlett-packard? joining me now via skype to look at those numbers on what restructuring really means is stanford economy professor lee. what is restructuring supposed to be? >> when a company goes through its lifecycle, they will encounter what we call life events. it is supposed to reposition them to be more competitive going forward. >> is restructuring as an accounting treatment representative of a midlife crisis, the sports car and blonde? or something different? >> in each case, we look at it as it is an opportunity to reinvigorate the company. in this case, hewlett-packard is facing a lot of issues and the separation of the two entities is one way to try and refocus. >> one thing that reall

i'm cory johnson. we now know that the j.p. morgan chase hack was one of the biggest cyber crimes in history. 76 million u.s. households compromise, and we now know how. hackers broke in with the name and password of a single j.p. morgan chase employee. are there lessons for other businesses? we will explore. some amazon warehouse workers are required to wait in long lines to go through security checkpoints at the end of their shift. should they be paid for this time? the print court will take up this issue. we will have a look at what this means for amazon, and why businesses are lining up to oppose this. hollywood has been making books into movies for decades, perhaps never more so than right now. more than two dozen films based on books will hit big screen this fall. if you liked the book, would you love the movie? and how is technology accelerating this trend? it is one of the largest cyberattacks ever. j.p. morgan chase discloses the size of its data breach. the bank says the data on 76 million ho

cory johnson is with me now. i spoke with andreessen and we talked about the future of ebay without paypal and vice versa. i want you to listen to what he said. i asked him specifically is innovation dead, is this a sign that innovation at ebay has -- died. >> it's a sign of change. the industry is changing. it's a sign that the technology is changing. it's a sign that there is the opportunity to do more and better if you're smaller and more nimble. >> they probably wouldn't like the indication that they're following icahn's advice but they made this decision, according to andreesen. independently this was the best decision for ebay to spin off paypal. >> mark andresen is on the board , ebay, someard, companies that have struggled but yet seen as a visionary in , silicon valley. we know icahn bought shares of ebay and bought shares in it because we wanted to make more money. the things he brought up are interesting because the voices of silicon valley don't often say there's a conflict there. listen to what he sa

cory johnson is with us as well. of the interesting things we've been talking about are the grand challenges to the internet in the next several years. i would like you in a nutshell to tell me what the biggest threats and challenges are. >> the four challenges revolve around delivering very high quality video at scale, making web applications appear instantly on any mobile device, securing websites and infrastructure against attackers who are trying to steal sensitive information, and enabling enterprise networks to embrace the cloud, to make their networks the fast and to scale and affordable. >> talk to me about video. there are a couple of events that are big and last year, not the least of which was the world cup. how many of those are unique, or are they just helping new platforms getting launched and continue to grow? >> any event by itself doesn't make a huge difference, but when you have a series of events, that drives more people online, drives more video online. overall, the growth right now and the traffi

our editor at large cory johnson spoke with bloomberg intelligence analyst anand srinivasan, and starting by asking if apple should be worried about the ipad. >> the ipad were meant to be weaker than expected there's a product refresh coming. been getting sale. so tablet growth has been slowing. people are starting to figure it out. there's a phone with larger screen, pc that can do a lot. and this stuck in between. the pad refresh. sort of helps reinvigorate that trend. >> i think that there are a lot of things interesting. the quarter really strong for the biggest company in the world like we've never seen great big companies grow. >> ahead of the holiday quarter. >> they would have had every excuse to say we only had the new iphone for one of the 12 weeks -- or for one of the 13 weeks of the quarter for products. and the old product was old because the consumers knew it was going to be old but we saw a slowdown in sales. they showed you, 56% of sales. not only the largest percentage of sales of the things they sell. it's most of the company. >> should we be worried about the ipad numbe

with me in the studio is cory johnson and on skype, former andonaut and iss commander also, colonel chris hatfield and best-selling author of "you are here, around the world in 92 minutes." how big a setback is this for nasa and orbital sciences? how big a surprise is something like this happening? >> it is a setback? this is not something that will jeopardize the program. launching rockets even though we have been sending astronauts to space for 50 years, you've got very complex pieces of machinery and anytime you have to put that much energy into the vehicle, there will be risks and mishaps like you saw yesterday. to do a fullg investigation and find the root cause and learned lessons and apply it and that will lead to more robust rockets in the future. but as you heard, there was no injury on the ground and they have enough margin, food, water and oxygen and things like that. orbital,st impact is this has impacted their empathy quite a bit. they have been doing this for several decades. not a total surprise because in this industry, it is not routine. >> both of you are astronauts and

our editor at large cory johnson has more from the newsroom. here in 2010, and since then they have gone to the world series three times. i think i'm the lucky charm. >> three times in five years, has to be you. nothing to do with bruce bochy, i'm sure. the question of what the future of media, it is interesting in the world of sports. the ceo of sportsblog.com, i love this story. tell me how your business works. >> we recognized that blogging has been formed, and there's tremendous change in how people are consuming and creating media. our approach was to harness the power of crowdsourcing. so we developed our own bloggins platform,- blogging and quickly had 10,000 people sign up. it is 20,000 now in the last year. >> how many users or viewers do you have? >> averaging 30 million a month. >> that is huge. >> the trend is growing quickly. >> what's interesting about for, i used to wirite "sports illustrated." media,nt tentpoles of what you have done is build a business about the long tail. 30 million users. what's the most on one site? >> some

cory johnson is with me now to discuss.ebook has always focused on user growth before it focused on monetization. you barely see any ads on instagram. >> they might focus on it, but they are not getting into it the way they used to. they are reaching the extent to the law of large numbers where there just are not that many users who are not of facebook except places where they can be like china or africa where there is a distribution issue. >> let's talk about whatsapp. i talked to sheryl sandberg and she emphasized this is how we do it -- we're not planning on monetizing that anytime soon and then you heard zuckerberg say we want to get to a billion users before we even try to touch it. >> you came by my desk when i was freaking out when the whatsapp financial filing came out. facebook filed financial numbers for them and we can see how bad a business model it is all stop they have a lot of users and want to find a way to monetize it. this business was losing so much money. they lost $300 million in the first half of this

for more, cory johnson is with us. .le is just written talking about how his company is adapting to tech in the next edition of bloomberg markets magazine. in the news this week is paypal spinning off of ebay. what does that mean for bees -- four visa? less another example of how technology is transforming the payments industry. the sitenteresting is is trying to act much more like a technology company than before. his strategy is focused on opening up the network to companies visa has not historically worked much with. that includes retailers visa has disagreed with in the past. it also includes technology previouslyhat have been viewed as threats. to me a little bit about what their plans are in china. the market has been difficult for them and in europe, for that matter. entity,e is a separate visa europe. visa inc. does not get revenue from visa europe. there's not much they could do about that. certainly on china, russia is another market the company has faced challenges this year. a lot of it is around regulation t

joining us are editor-at-large cory johnson. you hady downes, testified at some of these hearings on net neutrality. he says they are on the same pages sounds like they are not on the same page. >> if this was a game of survivor, he would have the ultimate blind side. he is trying to respond to the court ruling that got handed down to him. they give him a roadmap for how to get the rules right. and somehow those public advocate who are his natural allies have turned on him and try to turn this into a discussion about authorizing fast lanes. there is nothing in the proposal that will do that. what they want to do is get the fcc much more involved. the proposal he put forward says they are prohibiting certainly -- certain isp contact which now is legal. whether it is prohibiting and off, it is not anything that will be authorized. >> there is the issue of some content getting favorable speed. the notion that the cable provider could slow down certain content by their own decision thereby on favoring those businesses is a serious i

cory johnson is back with more. >> this is november 18 through 20.big focus on the technology community. this conference has been so important. i think of it as a gadget conference and you are quick to tell me it is a lot more but i feel like it is a place where we have seen the manifestation of the trends we talked about in technology. >> it is much more than a gadget conference. it has been around for almost 25 years. as emily mentioned, companies from salesforce to evernote to ways have launched here. i am looking for the next big companies to use technology to solve problems. >> if you picked out one big theme, what will we see? >> this is around the internet of things. >> intel likes talking about it. >> everything from wearables to smart phones to even smart factory devices but it is a post mobile world and you see it first and the start of two are able to move more quickly. if you come you will see some more examples. >> we're looking at a motorcycle helmet. that does a lot. >> this is the skully helmet and they went on to raise $1 million. th

cory johnson? >> it is interesting. this company acquired veritas to build out a stored software business and it has been lucrative in the process. they have used the cash to do two things -- one is share buybacks, dividend payments, and investors love that. i have also made a mess of the company. 23% operating margins, 30% of semantic revenues -- a big chunk of their business -- 38% of symantec revenues -- a big chunk of their business. this a trialis is balloon, or truly the way forward for a company that has had management issues at the top going back and neck -- last couple of years.

cory johnson, back with us now.ave been talking about ipads and the future of sales have been slowing down when it comes to the ipad in particular, yet they are also planning to launch, as far as we know, a 13-inch, giant ipad. >> which stephanie ruhle should not put in her back pocket. do not put that in your back pocket. it could get stuck in your hair. >> that would be a big pair of jeans. >> i am not going there. it is a big development for a company that has seen shrinking sales for a couple of quarters, a company that saw massive adoption that we have never seen before -- faster than the first cell phone, the internet, the pc. tim joins me. when we look at the device, they will say it is faster, thinner, better, the best ipad ever. why is it important? >> getting into holiday sales, they will need to help improve revenue. it is the second-largest revenue producer for apple and they have been decreasing the last two quarters, so many more magic in the line up. >> it is amazing that he became the second best-sel

. ♪ >> i'm cory johnson and this is "bloomberg west."eeks after announcing a spinoff of paypal, ebay reported third-quarter earnings for the combined company. sales up 12% in the quarter to $4.4 billion. profits fell 2% to $673 million. ebay is dealing with a number of lingering issues, including fallout from the big data breach in the spring as well as a decline in traffic. joining us from new york is mia saini. what did you hear? >> the first lingering issue is that consumer, where are the customers? that is what john donahoe was focused on on the conference call. they have been impacted by the stronger dollar, but also the consumer along more wary after the cyber security breaches you just alluded to. the ceo said that the majority of users have gone through password resets, although they have had to do it multiple times because of glitches. that slowed the user returning to their site. they have increased their customer service representatives. they are increasing their marketing efforts to get more individuals to their site organica

i'm cory johnson in for emily chang. ahead on "bloomberg west" this hour, first the new iphone and the new ipad. apple unveiling its latest full and mini ipads, an event on october 16. according to a person familiar with the matter, these ipads reportedly have a gold color as an option. but can the new devices reverse the decline, any color new device, decline the reverse in plummeting sales. just as investors criticize the company for its tumbler investment, yahoo! is close to another deal. yahoo!'s also buying a small company called message me. and tesla will unveil auto pilot to be announced next week. will this self-driving sales job really fly? there's been buzz about new ipads for months. now we're learning just when they'll be unveiled. apple's unveiling a new full-sized ipad and a mini ipad. just in time for the holiday shopping season, according to a person familiar with the matter. apple's counting on these new ipads, which are said to include a gold colored option, to reverse plummeting tablet sales. it tries

cory johnson, our editor at large still with us.one thing you will be watching for an apple earnings today? >> it is going to come down to the iphone. really how well did the iphone to? do? are they going to be able to that just over 38 million number? and then after that, it will be what happens to the ipad? globally,ng tablets flat revenue growth for the whole category this year. so to see how this ipad is trending is an important data point. >> margins are going to be huge. this time last year we had 37%, and they creep up to 39% before the new iphone. a new think we'll get indicative of whether or not a six plus is selling more than the six? what might a lower margin number tell us? >> great question. >> that's my job. [laughter] standpointargin outside of products it will absolutely speak to this makes of the six plus versus the six. a higherbviously margin products that people want to pay up for. that is going to be a big driver of the margins. of some oficher mix the ipad products could help, but probably not nearly as much a

i am cory johnson.tice agrees on fulfillment. whether they should be paid as they wait in line at security check out. -- suggestingng it is helping amazon, but chief justice john roberts questioned whether it was a work activity due compensation, and this goes -- t.j.apple to tg max maxx and others. and the former nsa director keith alexander joined emily chang, and the conversation was dominated by the recent hacking of jpmorgan affecting millions of households. asking theed by general how secure the nation's financial sector really is. >> the financial sector does the most to protect cyber than anything else. they're cyber security is the very best. having said that, what you have hit on is a key problem we have seen in technology. look at the rate at which technology is advancing. the iphone 6, the internet of things, the amount of data that is being created, and how difficult this sector is. advancing at a rate that is doubling every two years, and what that means where all of our wealth is stored,

they're off to a fast start. >> cory johnson with gene munster. next, what will demand be like for the new ipad? we look into apple for the new devices. ♪ >> i'm emily chang, and this is "bloomberg west." just five weeks after unveiling new iphones, tim cook unveiled new ipads and more today, the ipad air 2 the ipad mini 3 and the new imac. all of you were at the event. horace, i'll start with you. the impression is kind of underwhelming, when you agree? >> underwhelming, we just cannot have a lot surprises. things became predictable. >> and they released the three shots of the new products. >> they did a whole demonstration about wanting to show how you can use new software. the policy of apple secrecy -- >> they made a gag of it. >> although it is not predictable, i would say it is underwhelming. a solid chip shot, base hit, whatever you want to use as an analogy. moving forward. >> i know the change is incremental when it comes to my phone and i do love it, is that such a bad thing? >> it's a great thing. the issue was, the phone was a much big

cory johnson. bottom line begins at the top of the hour.k is in new york with a preview. >> detroit's bankruptcy reorganization plan is now in the hands of a federal judge. will learn november 7 whether they can finally begin the process of moving forward after decades of poor fiscal management, financial planning and corruption. we examine the proposal and look at what lies ahead for detroit with jane woodley, a senior director at standard & poor's. >> thanks so much. my interview with dick costolo coming sure to tune in later today for my chat with john ledger. ♪ >> i'm emily chang and this is "bloomberg west." twitter has had its share of criticism. not just by investors, but also new users who find the platform confusing and cup located. -- confusing and complicated. what is dick costolo doing to enhance the user experience? if we execute against our plans and strategy, the twitter should be valuable to every person on the planet. we absolutely care about all sorts of demographics. it's incumbent on us to make it for and obvious and sim

i am cory johnson in for emily chang. there is a new ceo at oracle. before accepting the role, she aggressively did over 100 deals including peoplesoft and microsoft systems. i sat down with safra katz today. brett, let's talk. i had a really interesting talk with her. i thought i would tell her -- tell you some of the things she told me and you can tell me what it means. a lot of the conversation we had is on bloomberg.com. one of the things she said was they are taking a big shot at sap and their acquisition of concur. she said when they got the job -- when she got the job as ceo, she got all these congratulations from her friends. her father said i am so proud of you. she got in her car that night and said you know what? the biggest thing that happened today was sap blowing most of their cash on concur. what next? dairy queen? >> i think that was a big deal that involved more than travel and expense. i think this is jealousy in a sense because sap has put together a portfolio -- >> they say it is just a module. >> just to be clear, they are powerin

iconic geniuses, cory johnson. >> cory johnson, our editor at large, thank you.back with more. ♪

i'm emily chang with cory johnson.ciary committee chair patrick leahy is asking comcast to strengthen its commitment to net neutrality by pledging to never create internet fast lanes on its network. paid prioritization is the practice in which netflix pays comcast to obtain preference for it its data on the provider's network. off pulver is the cofounder fawn edge -- vonage and a pioneer over voice over internet protocol, he joins us from new york. first of all, comcast says it is reviewing this letter about fast lanes but has no plans to do so. how do you see this actually playing out? >> for comcast and netflix, it is a business issue. netflix raised the ante by making their consumers outraged and going to the consumers. we are dealing with a business issue. netflix they are trying to , leverage rules and regulations so that they look like the good guys and everybody else looks bad. at the end of the day, the issue a hand, while netflix as issue about net neutrality, i don't think you will find anyone against neutral

. >> cory johnson, our editor at large. all. you of course, we are all over apple's ipad and whatever else comes out tomorrow. i do want to get to the cdc justing on ebola that has started. let's get to our senior markets correspondent julie hyman with breaking news in new york. >> this is the briefing the cdc has been holding daily with the media to keep them posted on the developments about the disease and its spread here in the united states. remember, a second patient seems to have come down with ebola. she was the nurse who also was in very close contact with mr. duncan, who died from the disease in dallas. the cdc now says that that second patient is ill but clinically stable and that a lab confirming a positive ebola test for the second patient should be coming shortly, so confirmation of the diagnosis should be coming shortly. also, the cdc and its director saying that the infected workers, most of them, had intense exposure, so seeming to make that difference that this was not some sort of casual infection, that it was

the silver medal is the first loser. >> ok, cory johnson at oracle open world. for watching this edition of "bloomberg west." all of the latest headlines all the time on your phone, your tablet, and on bloomberg.com. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg, its affiliates, or its employees. >> the following is an important paid program about humana medicare advantage plans. >> welcome to your medicare, your decision, the program that guides you through the medicare options available from humana. there are many different medicare choices available but, are you sure you have the right medicare plan? are you with the right company? do you wonder if you could save no matter what kind of medicare

. >> i am cory johnson. justice agrees on fulfillment.uggesting the screenings help amazon with inventory control. debatedstice roberts whether they are work. other companies are battling similar cases. the former nsa director keith theander joined us at today.fair summit they talked about hacking jpmorgan systems. emily started by asking how secure the financials actor really is. the financial sector does the most to protect cyber than anything else. there cyber security is the best . what you hit on is a key problem we see in technology. look at the rate take elegy is technology isg -- advancing. technology is that dancing at a rate doubling every two years. advancing at a rate doubling every two years. that means where all of our intellectual property and government secrets are stored, protecting them is becoming more difficult. you race to key points. one, the tech community -- you wo key points. they have to come together to provide other options. >> individuals or industries? >> both. today we have points solutions. integrated dilut

cory johnson i spoke with david kirkpatrick.ed by asking david how much trouble ibm is really in the. >> if service is going down, that is the biggest news item despite having to pay somebody $1.5 billion to take the chip business off their hands. the reality is, this is a giant and old conglomerate and an industry that is changing really rapidly and players are becoming specialized. that is a lot of challenges altogether. >> cory, what did you say? is ginny left holding the bag here? she took the ceo spot. >> i am always quoting warren buffett. when a manager's reputation meets a business with a bad reputation, it is the reputation of the business that survives. >> he has lost a big share. >> ibm is in a crummy business and they are trying to get out of it. they have been undertaking -- they were trying to double profits. we have seen, when you see the net income, the actual profits of the business, it has been getting worse and worse for long time. it continues to get worse with this company. they have been trying to make that

. ♪ >> i'm cory johnson. this is "bloomberg west."pmorgan chase discloses the size of its data breach in one of the largest cyberattacks ever. the data on 76 million households, seven million small businesses, all discovered by hackers. that's 2/3 of the u.s. households affected. user content of information was swiped. but there's no evidence the hackers took account numbers, passwords, birthday and social security numbers, if you believe what jpmorgan has to say today. this happened after hackers exploited a single employee user's name and password and wormed their way through the system for months. earlier i spoke to our center editor and tripwire security. i started by asking if this was an unusual approach for the hackers to take? >> no, actually. sferbley with the retail breaches we've seen. finding different side channels. in target they were able to go in and compromise the system through a trusted business partner. targeting employees, you know, in their home networks, generally those are going to be less secure than the corpo

. >> cory johnson, our editor at-large live with oracle co-ceo at open world. how can big data help doctors make break throughs in the fight against ebola? we talk about the tech to track the disease next. >> this is bloomberg west streaming on your phone, apple tv and amazon fire tv. the first case of ebola in the united states was diagnosed this week infecting more than 6,000 people in africa and with the first case reported in the united states what role can technology play to help stop it spreading? i am joined by patrick tucker in washington, d.c., whapts in your move and patrick, we are learning more about this specific case in texas. that this person, this patient flew through brussels. i want to start with airport screening. what can be done at airports to try to keep someone with ebola from passing through those gates? >> at this point in time, not a great deal at all. some airports, even south africa and nigeria and asia are experimenting with thermal scanners, great big scanners that scan for elevated human temperature. they were in place across the