emily: cory johnson, thank you.ur thanksgiving feast all delivered by on-demand in one hour or less. ♪ emily: very special on-demand thanksgiving today. you can be thankful for on-demand startups. but can they be thankful? they are delivering everything from wine to pumpkin pie. they attempted to do it in one hour or less. even amazon joining the party. joining us now from los angeles, the ceo of saucey. you supplied the wine today, so thank you for that. sarah, you have been working the apps all day and you are responsible for this great spread. sarah: you and the rest of the "west" crew had some opinions about getting some wine. emily: you guys focus solely on alcohol, right? chris: we focus on beer, wine, and spirits. we find the impulse to want to have a drink is separated from grocery shopping or food. emily: we have gone beyond the days of "mad men" and we had to wait until 2:00 to have our alcohol delivered. chris: depending on the part of the city, we usually open around noon. some places, we open a little b

cory johnson joins us live on set. this is a massive round for jet.com and you are synchronic investors reopening. >> a lot of money heading into a critical time. this will be their first holiday shopping season. you are right to note some investors --. down.bled they see something they like and they are throwing more money at it. jet posting a growth rate of 65% between september and october. that is impressive. >> one investor i talked to was the end of theby year they are expected to be on an annualized rate of 500 million in overall sales volume. they are growing and they are throwing money at it as long as it keeps growing. emily: they are offering steep discounts to sign up new customers. is this sustainable? corey: customer acquisition is the first goal they have to get to. it is tough to compete on pricing and with the increasingly skill that amazon has developed. this has been tried before. amazon.com has tried to launch a broad. these guys have to figure out specific things around logistics. , amazon put a lo

cory johnson has been digging into the numbers. cory: we talk a lot about twitter. they added zero users in the u.s. for two quarters in a row. is re-accelerating user on a monthly and daily active user basis. great had fallen down to 3% on a sequential basis, and that is the right way to look at it. 5%, then 3% again. much better than the 3.4% increase last quarter. monthly active users, the growth great went to 4%. are accelerating their growth great even though it is the biggest group of users of anything ever gathered since beer. they are growing their audience size and the amount of time they are on facebook. one statistics has been there are great or how many users on the service, and then using it every day. i call it the conversion great. that is holding strong at 65%. that is really impressive. 65% of the people on facebook are using it every day. that's a really impressive number. alix: it absolutely is. great point. also joining us is david patrick -- kirkpatrick. rates, 78% of revenue now on mobile. daily users.to what is your first blush here on this? h

,e are joined by cory johnson our bloomberg editor at large.t's numbers were better than anticipated, but the stocks have fallen after trading. people were expecting much more? cory: perhaps, the fourth quarter is a big quarter for these guys. the numbers look really solid. if you just look at the revenue numbers, think about these little things that they sell. ,hink about the fitbit surge the surge is not a guy, it is actually a watch for runners. but 75% of sales in the quarter, and for the quarter, the company is showing really terrific growth. millionevenue of $409 per quarter is really fantastic for this nascent business and fitbit may have launched the category, but with all of the competition they face with nike and with job own and the apple watch him in these guys are still the dominant player in this -- jawbone and the apple watch, these guys are still the dominant player in this. scarlet: d think they can increase market share? -- do you think they can increase market share? cory: yes, it is really an interesting thing to see. with t

i am cory johnson in for emily chang. coming up, emily sits down with jack ma to talk tech bubbles and competing with amazon. is bigger really better? the new ipad pro. with rising costs and shrinking tax credits, is the son ready to set on the u.s. solar energy? singles day has become the shopping day. emily chang sat down with ma in beijing to discuss the future of alibaba. >> it is the day we want all the manufacturers, all of the shop owners. we want consumers to have a wonderful day. event itself, the meaning of it is getting such great excitement in china. emily: you said you wanted it to be a global holiday. what is the timeline for that? jack: everything we do, we have a 10 year plan. 2004 -- we judge how much we should do, what we should do to realize our dream. our plan is that in 10 years, we will reach 50% of the revenues. emily: you and i last spoke about ipo day and it has been a bit of a roller coaster for the stock. now it is barely above its ipo price. how do you explain this love-hate relationship invest

let's bring in cory johnson in san francisco for his take on these numbers.eporting a loss, not a huge surprise, but everyone is fixated on the delivery numbers. what you sing? >> this is a slight upgrade. -- what are you seeing? >> this is a slight upgrade. they brought that down to 50,000. impossible to get there, but we will see. they preannounced that number. we will dig into this a little bit more to find out what this means. what we don't have is production dates for the model x. have aomised they would few cars delivered in the third quarter, and they did just that. this could have been handmade cars. the full production and build up , so that's the thing people are going to be listening for in the conference call to figure out when the will be made using the machinery in the factory, so they get the production scale. scalea notion of what the might be for the coming year. we know they have orders, but often that is a number put out there to make is look good. see what theait to cars are like and what their value might be as to whether the orders will

cory johnson, our editor at large.irkpatrick, it has been great to have you here throughout the show. coming up, a massive science project is underway in the middle of one of the driest deserts on earth. the director of the giant telescope project tells us about this major undertaking, next. coulda fire warning that have severe implications for future missions to mars. we will explain next. ♪ emily: today in out of this world, matt damon may have been able to survive mars in a hollywood movie, but in reality, nowhere neare ready. a report found that deep space travel poses serious dangers to astronauts health, including in adequate food, radiation exposure, and heightened risks of developing cancer. it comes as a warming -- warning send the firsto manned mission to mars. sticking with space, construction has begun on the magellan telescope, a multinational science project led by the u.s. to build what will be the world's most powerful telescope and give us use into space up to 10 times the resolution of the hubble tele

atid: cory johnson, editor large for bloomberg and a kite surfer there. have a programming note.e to a full hour beginning at 6 p.m. you sometime tonight. theng up we will hear from global cohead of m&a at goldman sachs. ♪ . buddy- nice place, nice car what happened? well, it all started with my free credit score from credit sesame.com. they gave me so much more than a free credit score. credit sesame's money management tools and personalized offers saved me tons of money and helped me reach my goals. i just signed up with their free app. what's my credit score? your credit score is 650. that's magic! no, that's credit sesame.com you get so much more than a free credit score so do more with your score at credit sesame.com >> it is 3:00 p.m. in new york, it got p.m. in london, and for a copy and in hong kong. scarlet: from bloomberg world headquarters, good afternoon. i am betty liu. stocks are getting off to a strong start in november as the u.s. builds on its global rally. manufacturing in the u.s. remains pretty soft. you have shire, treehouse foods, visa among those making mar

cory johnson from bloomberg west. to bloomberg television for more. ♪ welcome to "bloomberg markets." from bloomberg world headquarters here in new york, good afternoon. i'm betty liu. here is what we are watching at this hour. stocks are headed to their first weekly drop since september. european stocks posted their biggest weekly loss since august. european growth concerns and the fed decision loomed large. chicago drivers will soon be funding the retirements of teachers in canada. north of thelans border are spending $2.8 billion to acquire an eight mile traffic clogged road. and china makes its largest acquisition ever. chemical company is pursuing western companies. an hour away from the close of t o

cory johnson and crawford del prete. thank you both. now it is time to check in on the tech revolving door. the company says the chief operating officer has been promoted to president and will absorb the responsibility. as investorss anished solar city stock with recent loss, sending shares down close to 30%. they are the largest installer of rooftop solar power. coming up, one giant leap for the space industry. jeff bezos eight elon musk to a huge milestone. details are next. les, this is not your father's racecar. this one uses artificial intelligence. we will take it for a spin. ♪ emily: in today's edition of out of this world, a major milestone in the space industry. check it out. >> welcome back. origin'sat was blue new rocket landing on earth after launching to an altitude. they are the space exploration company launched by jeff bezos. spacex, has been working on this landing to build reusable rockets. joining me now from washington with more, lori beth garver. she is the deputy administrator. explain to us just how significant th

be right back. ♪ scarlet: i'm scarlet fu, joining us from san francisco is cory johnson.ou have been following square closely since of the -- it was a private company. now, the stock is surging in its debut. you are skeptical of the story, what is your take? cory: it is fascinating. surging based on a price for the price it. they wanted to price of between $10 and $12 a share, it closed at $13. they did not price it at $12. they priced it at nine dollars which led to a boost up. it theywhen they priced were thinking it would go to $11 or $13. the initial indication of pricing range usually means the banks think the price will go up. they could not do that in this case, they needed to price below. there was clearly demand. a year ago there was a private round of investment at $15 -- $15.46. a lack ofaw here was excitement about this company. i think that shows you, for all of the interest in the technology here, it shows you that wall street really values its deal, with still excitement, be afforded to a transaction company, not a social media, semi-conduct her -- semi con

that is cory johnson, bloomberg editor at large, and marcie a llen. speak with sylvia mathews burwell, secretary of health and human services. that interview is at 2:00 p.m. here in new york. ♪ >> it is 3:00 p.m. in new york, 12:00 noon in san francisco. welcome to "bloomberg markets." ♪ good afternoon, i am betty liu. from stocks to the fed to the ecb, laying the groundwork for more stimulus. we are going to speak with guests on this. and the e. coli outbreak is tied restaurants in new york and california. about one hour away from the close of trade this friday and andy in the trading week. i want to get to our bloomberg desk where julie hyman has the latest. julie, we did give up some early gains, but we are still higher. julie: yes, we st

cory: i am cory johnson, in for emily chang. coming up, emily sits down for an interview with one of the top executives of xiaomi. apple shares drop after wall street analysts say there is weak demand for the latest iphone. t-mobile betting that free video streaming will drive user growth. will the move hurt more than it helps? hourly bottom betting that -- shopathon will reverse a plunge in market capital. ma will answer the call for national champions in technology. emily chang is in beijing with this report. emily: we are here at the water cube, the olympic venue where michael phelps won 8 gold medals. is kickingre alibaba off single day, the biggest shopping day of the year. it dwarfs cyber monday, black friday. last year, $9 billion were conducted in transactions on alibaba's platform. this is a day they invented to encourage shoppers to go out and buy for themselves. we are seeing more international brands participating this year, including apple, costco, macy's. on majority of the buyers this holiday are still right here

i want to bring in bloomberg editor at large cory johnson.nother record, almost $14 billion. how has alibaba been able to make this marketing thing into a revenue hotspot? they certainly have caught the tiger by the tail. the growth of the economy, the growth of the middle class in china, the growth of mobile have all helped fuel this. they were very much at the right place in the right time. of and richards's anecdote about george bush. he was born on second base and thinks he hit a double. here is a quiz for you. how long is a day? alix: 24 hours. alibaba's case. it is a lengthy time of ordertaking -- alix: a big buildup. cory: they have been taking orders for days and days and days. the notion that it is a day is kind of malarkey, as they say in china. not take the final exciting total of eight k's sales so seriously, because in the same quarter, they had the biggest singles day ever last year, they missed estimates. alix: to be fair, we do the same thing in the u.s. cory: they are going to record all of those sales on one day when they di

cory johnson is in san francisco looking at hewlett-packard earnings coming out. cory: this is the last quarter of consolidated earnings. the company's already split. it apparently went ok because it is better than the expectations. those numbers have come down. $27.5 billion in earnings revenue. was $.73 inarnings gaps, foreign about what the estimates had been. is non-gapper earnings eager. that is $.93 per share. the analyst were guided way down last quarter. it becomes the above -- above those numbers. i will dig into this and pull out individual results. $25.7 billion in sales. earnings of $1.3 billion. alix: thank you. joe: we're talking about buybacks. will investors continue to like stocks that do buybacks or will you be stretching your balance sheet? >> we're at that critical turning point. the top 100 companies have underperformed s&p 500 index at large. quality committees are starting to out perform. rising the next 12 months were investors are paying a lot more attention. company,uality growth investors are paying attention to the nature of leverage, th

betty: thank you, cory johnson. up next, it is like a makers fair with more pizzazz.will talk with the atari founder. ♪ i just had a horrible nightmare. my company's entire network went down, and i was home in bed, unaware. but that would never happen. comcast business monitors my company's network 24 hours a day and calls and e-mails me if something, like this scary storm, takes it offline. so i can rest easy. what. you don't have a desk bed? don't be left in the dark. get proactive alerts 24/7. comcast business. built for business. ♪ live from midtown manhattan, this is "bloomberg market day". a check of the headlines. mark has more. >> thank you. there has been another challenge to obama care. today the u.s. supreme court agreed to hear arguments from the religious nonprofit to save their beliefs are being violated because the law mandates may provide contraceptive coverage for employees. this is the fourth time there has been a challenge to the law. and after a review, the obama administration rejected the request from trans canada to build the keystone oil pipeli

cory johnson spoke with both branson and airbnb's c.m.o. this morning. what's the deal?they actually partnering on? >> airbnb is going to offer for people who fly on virgin and end up at an airbnb destination, allowing them to earn points. and it's interesting because it's a different kind of business than it used to be. they are at a very different place, airbnb is, so is virgin america. this is what jonathan millenhall wanted to say about the way this is a growth company. the chief marketing officer of airbnb. check this out. we started off as a needs niche --oposition desk niche travel proposition. we've grown tremendously over the last seven years. it took us four years to go from guest number one to guest number a million and this year we'll end up having 60 million travelers traveling airbnb. >> different people? >> different people. from the beginning until now. as we continue to scale, we've become a more mainstream travel proposition, and that gives us license to partner with more mainstream travel brands and partners such as virgin america. >> kind of amazing.

carol massar and cory johnson.ing ahead to 2016, finding out what these best and brightest minds have to say. our personal finance columnist joins us in studio. you have talked to a bunch of people about different topics, europe, china, bonds, stocks. where do want to start? >> we will start with europe. the attack in paris last week, talking to rebecca patterson, the cio of a trust that runs funds for the wealthiest thaties, they should know the crisis is the biggest tell-all, and she thinks that a lot of investors have not thought it through. she is still overweight european equities and position for a week or europe him a but really on alert for how the refugee crisis might change spend the -- spending patterns. that's really interesting. the financial implications are unclear, we do not know how open borders will be end of that means for european trade. that is a question right now. >> yes, she sees that as one of the biggest challenges for the european yet. exactly that reason. up until now there has been free

carolns bloomberg radio's massar and cory johnson.massar in new york, cory johnson in san francisco. we want to take a deep dive into quantitative easing. it's the subject of a new book that's out called a global monetary plague, federal reserve quantitative easing and the author is the executive director at mitsubishi, he joins us in the bloomberg radio studio. brenton, good to have you with us. quantitative easing, we spend so much time and bloomberg talking about quantitative easing and fed policy. why did you decide to do this book? you look at what it has done to asset classes? brendan: according to my analysis, quantitative easing has strengthened irrational forces operating and financial markets. it created a lot of distortions of pricing. yield off a search for and underestimation of risk in many asset classes. this has been a whole range of speculative stories which are common gone. -- has come and gone. the most recent of which is the emerging markets. here i am in silicon valley, and you talk about irrational speculation an

cory johnson from san francisco.x: still ahead, stocks around the world showing pretty resilience following the terror attacks with the exception of emerging markets. we will tell you which sector saw the biggest losers. ♪ in the middle of paris, lots of people out now. ♪ i just had a horrible nightmare. my company's entire network went down, and i was home in bed, unaware. but that would never happen. comcast business monitors my company's network 24 hours a day and calls and e-mails me if something, like this scary storm, takes it offline. so i can rest easy. what. you don't have a desk bed? don't be left in the dark. get proactive alerts 24/7. comcast business. built for business. alix: from bloomberg world headquarters, welcome back to "rumored markets." i'i'm alix steel. scarlet: i'm scarlet fu could let's head to mark crumpton with our news desk. president obama fighting inls to put ground troops syria to fight the islamic state. mark: he would say such a move would be a huge mistake. >> there are a few that su

i'm joined by cory johnson, bloomberg media editor at large, as we continue our coverage.suicide attacks, one bombing in paris, according to officials. paris imposing its first curfew since 1944. the french president declaring the borders closed. joining us live from washington cia militaryrmer analyst. what i wanted to ask you, does this mean that the attack right now in paris, coordinated or not -- i know we're still trying to figure out who is responsible -- what does it mean for the effort to stop the threat of isis in syria. tara: we need to look at our fight against isis through a number of components. we took out what seemed to be a key figure. that is a symbolic victory. that is somebody that was instrumental in the execution videos and to the group, but there are still a lot of people being recruited to these efforts. even in light of successes like today in iraq and being able to example, sinjar, for territory and accounts of individuals is one component on the fight on terrorism. the other component is these loan will factors or potentially foreign fighters goin

we will speak with cory johnson next. ♪ alice: welcome back.ch group is set to price tonight after the bell as is the mobile payment startup square. pricing'sill the ipo meet up with expectations. discussing the transition to the public market. happens, andat this is the reason i think there is a quasi-bubble in private, public markets have a lot of interdependent feedback where people can see other people buying and selling and so they can stabilize at a price. private tends to be the player who puts the czech forward. it is easy to get an inflated valuation because someone gets particularly the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other w

cory: that is not happening, johnson girls. thank you very much. stock on our radar today.igation software maker surged to the highest level in more than six years. it was for a deal with uber. they agreed to a partnership tom data. m- know this is an extremely valuable business. we have the latest from san francisco and he covers uber for us. and eric. tomtom competes with garmin but the value of their map may be better than selling mapping devices. >> mapping is hugely important to technology companies. i was talking to an investor yesterday who was speculating if uber knew that, google would have bought them. there are so few companies that have a good sense of what is happening all over the world. and tomtom is this map provider that uber can work with. >> how powerful uber and signs a partnership agreement with tomtom that says to me uber is at the center of the ecosystem. and tomtom is a good stock to own. the devices though are not that interesting and your iphone can do so much of what a tomtom device can do. the fact that it is moving big stocks like this to that d

alix: cory johnson enjoyed -- joins us.y have very different ways of differentiating themselves other than price. how does it stack up against other carriers? : as he points out, the ticket price, you see the difference. across the third quarter, you saw the average passenger revenue. so many of the airlines is as a metric. the industry saw prices fall. virgin felt the least among the big carriers, or the major u.s. characters -- carriers. you can see it in the way they like the planes, quality of food on the planes. i flight was a bit and i flight virgin america light a bit. there is definitely a little ine pet in their step -- pep the step of their employees. that is a competitive advantage a have because their employees don't take their job. alix: you do have overall profit margins because we do see oil prices stabilizing. they are not pity percent declined. spirit has -- they are not 50% declined. cory: so the company has taken the delivery of five warplanes and they are in expansion mode. as to howbeen clever they have

this joining us now is cory johnson. cory: did you understand any of that?thought this was the greatest contrast of accidents accents. [laughter] jeff: this is very interesting. of the battlehink , what iswith mobility interesting me if this is the definite company and selling gear. cisco has been the dominant company selling natural -- networking and ip equipment. really getting together, almost like a merger. david: why would they not do a merger? cory: they do not have time for that, basically. they do not think the tech mergers work. he saw not a much change in cisco share price, but you saw a juniper, they had a partnership and eric said but that is no more. the earth until we were going to be out there in 180 countries selling cisco with the erickson stuff. no longer juniper. david: whereas nokia and all of this? cory: nokia has been a very important company as well. partnership is very important. i remember being on a conference with telecom analysts, and we were sharing office of the time. it more and more. they're getting more business. they made a

that is cory johnson.t we can back we will be talking -- i mentioned we will be talking about valeant with julie and a lot more. stick around. ♪ ♪ the ceo of the largest independent investment bank in latin america has been arrested as part of a petrobras corruption probe. he doesn't do a lot of television slowing to give a small clip of an interview i did with him a couple of years ago in switzerland. we've created a foundation. we always thought we should be respected for how we behave regarding our business ethics. instead of helping poor people just because we have money. erik: those business ethics are most definitely under scrutiny this morning. hour -- is the viewer chief in sao paulo. have a good video is this? evez is a-- andre est self-made billionaire. julia: this is one of the highest profile arrests in the car was case that started last year. -- and in june davis of the ceo of the biggest construction companies and in the country. erik: does it say that authorities and prosecutors will leave n

cory: i am joined by johnson. important is this? we had a huge figure last year. ikely to hit a similar figure it next year -- this year? cory: emily had an interview with a phone company, and the sales of alibaba are important to this company that sells phones, but i also think it is aomirtant in the way that xi is trying to distinguish itself. check out what he had to say. >> it does not really matter to us, because we are such a different type of company, you know? i always strain when someone compares us with others be at we are operating at a different frequency and on a different scale. we care about different things to get we care about in gauged users. we care about users considering our services as opposed to people buying smartphones. he is saying is the fact that they have really crummy profit margins, we will have other streams down the line. it is hard to believe -- also, there are questions of whether they will be able to cell phones in a credible way outside of china, where they are already losing market share. large bloomberg editor at cory johnson,

cory johnson with richard branson and david cush. marketsad back to the with a look at movers today, including the pharmaceutical world. >> shire buying pharmaceuticals. it will get access with that drugase to at least eight for a very difficult to read a terry disease. -- very difficult hereditary disease. goldman sachs says it is worth $80 over 12 months. cardinal health, big on earnings. a eat as well. pfizer is a stock we are talking about because intelligence analysts says pfizer could save $4.7 billion. corporate ceos call this synergy. betty? >> on to politics. jeb bush is trying to revive his struggling campaign today. politics rights about this today and has been covering the trail for quite some time now from washington. how can he fix it? >> kind of has a double meaning there. what he wants to see is that he can fix washington. he really set the template for the conservative governors that will m. in teachers unions years before scott walker. unfortunately it has a double meaning. pac have beener spending millions on telev

let's check in with carol massar and cory johnson. e joined by heather ghe.is ti fed indicated likely a hike in december. it went up to 74% today. bet saying the hike will happen in december. heather: the market in fed officials of finally gotten on board the december rate hike. i think there's been a shift in sentiment in the market, it was starting in september. up until september, people were the market view the rate hike as something that would put a damper on growth. it was really viewed in terms of the u.s. beginning the height while europe and japan continued to simulate -- stimulate their economy through central-bank policy. in september we began to see the market when the fed failed to raise rates saying what does the don't?w that we these job numbers, there's something we are missing. i think that sentiment has become more pervasive, so much so that i think a december rate hike will be met with less volatility than we previously expected. i think the market now views it as a sign of economic stability, versus and ending. --co

radio,rom bloomberg carol massar and cory johnson have the story. ix, thank you for that.on. you and i have talked about stock buybacks over the years. we've talked about this is not a good way for companies to use their money. you don't necessarily believe that? it's important to understand not all buybacks are created equal. when companies are issuing a lot of shares and buying them back, that is not really what we are looking at. we are looking at net buybacks. so, just to the buyback portion. if they issued shares, we will take that into account. we also penalize companies adding a bunch of debt. that is because oftentimes, you will see that they are doing buybacks and acquisitions at the same time. cory: so, a company like ibm borrowing a ton of money, raising the dividend, the net profits are getting smaller. guest: right. a caveat, we do own ibm. debt they were taking did not trigger the debt provision. carol: so you have a company like apple that takes on a bunch of debt. that is an ok thing? lowt: apple would be a conviction buyback, because they are not buying ba

i am cory johnson in new york for my work life emily chang. this is "bloomberg west."the owner of match.com is here. filed for an ipo. a proposed chip industry merger come under fire. elliott management wants to break up. one plus one is indeed more than two, maybe more than $2 billion. but first to our lead, yes, looking for love from investors. match.com, and okcupid, seeking valuations as high as $1 billion. match group, selling 33.3 range of $12s in a to $14 this year, and with the sale, match could have an enterprise value of $4.7 billion. after the sale, iac will still keep control of the company, owning 86%. joining us is bloomberg intelligence director paul sweeney. and ceo of hinge, justin macleod. justin has a dating at that competes with tinder. helps: hinge is an apple you meet people for dating and relationships, mainly friends of friends. cory: as we sort through this, there are all sorts of tidbits. i find it fascinating most of because i stopped dating the time these things started up. what did you find when you looked through this filing? going to be a

joining us with a preview is cory johnson. a big focus here has been on marketing.acebook been doing? is so interesting to me. the committee manages the business and not the corner. -- quarter. whether it's operating profit, cap profitability, earnings-per-share, you don't know what they will spend in marketing, r&d, could be all over the map. they could suddenly decide to blow an extra $1 million in the course of 13 weeks to build new servers. $100 million in the course of 13 weeks to build new servers or of ai experts. spending could be a surprise. we look for in revenue growth to be terrific. we look at user growth, even as competitors find it almost impossible to find users. facebook has picked up. these are big numbers. they are continuing to grow that business at scale. david: i see you toiling in excel -- when you get this report, what will you look for? cory: this is a great business. it is massively profitable and truly profitable. it frees up a ton of cash flow. looking for changes in how the business works. , they had nopublic revenue at all for mobile wh

carol massar and cory johnson have more. carol: thank you so much.ties it has to a mutual fund, and with us is peggy collins. the valeant story continues to unfold. talk to us. the sequoia fund has been around since about 1970 and has ties to warren buffett. he pointed some of his clients to friends of his, one in particular he had studied at columbia with. this firm called rain can ease and goldfarb is the investment advisor to sequoia. they are the biggest shareholder as of the latest data we have at bloomberg in valeant. that is why they have come to the forefront and been embroiled surrounding/scandal valeant and its practices. cory: there were some interesting changes, resignations of the board and so on. >> one of the things that happened last month, which is quite unusual, two of them quit. sharon osberg is a longtime friend and still bridge partner of mr. buffett so that certainly was surprising to a lot of investors. resignations happen within like five minutes of one another. >> on a sunday in october. cory: that was on a long-term plan. >>

i'm joined now by our editor-at-large cory johnson. ur reaction to the way they traded today? pricing at the low in and below the marketed range? cory: very different dynamics. 87% of match groups are owned by iac. a different animal. public inctively was the holding already. investors knew what they were getting. ipore is a really important for wall street and for the company. emily: why? when you look at the revenue you see a growth business like you would expect to see, a restaurant or a tech stock. revenues growing at a rapid pace and investors like growth. if you look at those revenue numbers you see a company doing a runway at the top line but as you mentioned in your interview, losses are mounting. this company seems to have a wonderful ability to sell more and lose more with every sale. $14 million is hard to do. i can't spin like that. i can spend money. emily: why do you think wall street doesn't like the payments based as much as other companies? jack dorsey thinks it is a tech company and a payments company. emily: i would a

joining me now is cory johnson. d analysts through this report are they going to be looking at these as two separate companies or not until the next? cory: we will get results that reflect the performance of these companies as separate entities. you have hp ink which is the company that is the old boring business of computer printers and printer supplies. and then hp enterprise is supposed to be the sexy part, the commercial systems and software, the armies of consultants that will arcana telecopy what they should be doing. that is thought to be the exciting part. the pc business, we have been getting signs they are reaching the bottom. i wonder if that is going to carry through. we do not see these results and a lot of places. dell is now a private company. this will be very interesting to look at these results and see what is going on in the world of pc. it is worth noting that the cash flow that this business has had in the last three decades has been all about selling paper and selling ink for the printer busines

cory johnson has more from san francisco.time,n: for the hewlett-packard as a company as we know it have reported earnings before the split takes full effect. and itthese numbers shows a continual deterioration of the company. we had $24.3 billion in revenue. $.46 a share. it is down 9%. that is disconcerting because we have seen 15 of the last extinct orders -- six unity last 17 quarters with revenue declining. the business is substantially shrinking. a lot smaller profits. printers are down 14%. that is the biggest decline i can see in any model i have created for this company in a decade. maybe the biggest decline ever. notion that both printing and pcs are a massive decline for hewlett-packard. the company spent well over $10 billion in software acquisitions the last two years. the software is also in double-digit declines. the last quarter, software is down 6%. this quarter, software is down 12%. enterprise,e hp disconcerting that the software business for which they once held promise is now following at a 14% year over

joining me now to dig into the numbers, cory johnson, and david kirkpatrick joining us from new york.e is the author of "the facebook effect." we have been listening on a call. 500 million people are watching video on facebook everyday. the numbers seem insane. cory: facebook is like china, the number is always big. you have about 2 billion people on the site, 60% of them use it every day. extrapolate that to be about -- video is successful on facebook, to be sure. everyone on facebook is not watching videos every day. there are just so many people -- emily: the growth in advertising is not hurting user engagement at all. i never click on ads and i am starting to click on video ads on facebook. cory: you do not have to click on an ad for it to work. emily: i have been watching video ads on facebook. >> they can really get engaging ads on facebook. 500 million people is about 4 that is uprson, 100% from the last time they reported that number. emily: mark zuckerberg talking a little bit about china. mark: people think that facebook is not in china at all and that is not true. our consu

that was cory johnson, our bloomberg editor at large. and a big billion dollar deal.ow is it going to be financed? on sportsng down fantasy sites, and can it survive? and in the latest gop debate, a report card. ♪ toid: welcome back "bloomberg markets," and we go back to julie hyman at the markets ask. have you been there? they sell out boy boots, and they have western gear, and they were out with earnings that actually masked estimates, and it is a forecast for earnings that is below estimates. the company says the total same-store sales for boot barn including for a company they rose,ed called shepler's and you can see the boot barn shares, this is part of the selloff we were talking about a few moments ago. there is concern coming not just from big companies from macy's but from a boot bar in or from a dsw, which reported their numbers last week, and there are the inventory numbers that rto high, and we will get a broader look at retail later this week when we get retail sales, but barn, all of these shoe companies are lower today. and sunedison falling again sharp

joining us with more is cory johnson. let's talk about the commodity complex.amazing if you look at the last few years, it is amazing the run-up we've seen in the pullback. it has gone nowhere. >> china consumes 50% of the world -- you've had an industrial explosion in china that we think is now the bubble burst. cement production come industrial production in china, these things are trading negative. the real issue is china. carol: once china gets back on track, you think the super cycle continues? >> you had a two decade super cycle. continue,k it will but it will take a while for china to adjust. we've seen industrial explosion like this before in russia and the u.k. and brazil. china is now seeing as bubble bursting and it will take a couple of years for this to correct. carol: we love all commodities in one basket, but there are differences. is there anything that will separate from the commodity complex that could be an outperform or? >> iron ore. last year in the hundreds. people thought they could not b go below 120. --y averaged roughly $20 even though

. ♪ cory: i am cory johnson, and you are watching "bloomberg west."oming up, emily sits down with jack ma to talk competing with amazon. is bigger really better? sam grobart reviews the new ipad pro and whether it will be a good fit for business. with rising costs and shrieking tax credits, is the sun ready to set on solar city? first, single day has become the largest online shopping day in the world. no one knows that better than jack ma. the e-commerce giant posted record-breaking sales of $14 billion today, 54% higher than last year. toly chang sat down with ma discuss the significance of single day. >> this is a unique day. all thethat we want manufacturers and shop owners to be thankful. we want consumers to have a wonderful day. , maybe not a big difference. for the event itself, the meaning of it is getting such great excitement in china. emily: you want this to be a global holiday in that you want 50% of revenue to come from international. what is the timeline? >> everything we do, we have a 10 year plan. in 2003 and 2004 for alipay. we judge

also our editor at large, cory johnson. what is standing out to you? obviously it is significant that they are saying yes, we can deliver those 50,000 cars this year. big drop-offot a in the sedan sales. it's been on the market for three years. i think everybody has been looking to see if the car is going to saturate the market. there are only so many wealthy people who can afford this ring. ir that number to stay that i think would be what is pleasing investors. corey: it's an interesting quarter for tesla. it would it one point be 55,000, then they said 50,000. now they are saying 50,000-52,000. the mid range is falling on that number. it's also interesting to see what they are doing in terms of delivery. in the quarter they delivered the most cars they've ever made before, but that's not the most by a long shot. if you look at the 11,600 number butat is a good number, it's less than 100 more cars than the previous quarter. it's a 1% increase over the previous quarter. so that is the lowest increase the country -- the company has seen. what do you ma

cory johnson is with us, our tech editor. thank you for being with us. welcome to "bloomberg ."e is

hearing we have been from carol massar and cory johnson of bloomberg radio.rol the cost of drugs. we are going to talk to the ceo of a company that says prices should be linked to performance. scarlet: how do you do that? alix: how do you do that? ♪ alix: from bloomberg world headquarters in new york, welcome back to bloomberg markets. scarlet: let's start with the headlines on the bloomberg first would news -- first word news. >> we start with the british government. evidence a russian jet that crashed over egypt may have been brought down by a bomb. the u.k. has suspended flights to and from the peninsula as a precaution. they are assessing security before british lights will be lovely. -- british flights will be allowed to leave. she is charged with four counts of second-degree murder and 46 counts of felony assault. she has been held on a $1 million bond since the crash. her attorney says she is mentally ill. a judge ordered a psychological evaluation. 50 people were injured in the crash. donald trump and democrat martin o'malley are the first major presi

i am carol massar alongside cory johnson.mes that he likes that are posting double-digit losses. we will get an idea of why he thinks they are a buy. nice to have you here on the radio. this market environment, how do you see it? an earlier guest was concerned about earnings growth, growth overall, investors doing with a lot of different issues. how do you see at 42016? to do of the best way with earnings growth is to invest in this phase deceleration is already priced in. going into 2016, the energy sector, and a lot of people have been too early calling a bottom, and certainly a lot of bad news has been priced in for some time. earnings growth and deceleration is an old story at this week. there is still a risk reward trade to consider but there is still some opportunity there. i would agree, earnings growth is still a problem. it is slowing. in terms of a broad market perspective. be morees us want to stock pickers than stock index investors. >> you say earnings growth is growing, and that is kind. earnings are shrinking e

our editor at large, cory johnson is here as well. d from the ucla theater, film and television lecturer, tom noonan. it appears yesterday and delivered. -- espn delivered. cory: they pared back some of the expenses with announced layoffs. the commentary around espn that really put a big scare in the sector -- when the numbers came out and they talked about a subscriber loss, that freaked out the media sector. suddenly cable was going away, netflix was the champion in the future. that caused concern. the reliance of espn and disney cannot be overstated. it was 41% of revenues -- if you think of all of the stuff that disney does, in terms of profit is more important. in terms of profit in this quarter, 47% of profits. 50% going back to the last few quarters. the numbers were not too bad. emily: there has been a bit of drama at espn over the last few months. bill simmons is leaving. shutting down grant lands by surprise. george, are you a fan? george: no. emily: i thought everyman was a grant lands fan. what do you think about the future

so much more than a free credit score so do more with your score at credit sesame.com >> i am cory johnsonhing bloomberg west. according to ap, the debate was the most-watched program in the network's history, but the least watched of this year's debates. the suspected bombing of an ejection -- a russian airliner over egypt is raising security concerns. after a series of drugs and weapons charges, they are making changes. bill ackman is dismissing criticism. ant's raising of prices is immoral. coca-cola joined in, saying his comments are irresponsible.