important topics to watch is bob o'donnell and cory johnson. we will start with square. last quarter was a good quarter for square. not so much for twitter. it is apparently a high buy for twitter. cory: i think the biggest focus will be the management issues and whether or not jack dorsey could do a half-time job and when the change will happen. it will have to happen at some point. certainly come of the performance of twitter and perhaps square as well. bob: the other question i have for square is as we start to see the banks get much more involved with these sorts of transactions, easier transactions, they are coming from a position of power. can they really weigh in more than they actually have?

on tech on his impact stocks we are joined by cory johnson. what's going on? >> there's a general freak out in tech stocks right now. those stocks have been so expensive investors have held their nose and owned them. there's an understanding that technology might not fare as well under a trump presidency as others will. david: is it net neutrality? >> yes. net neutrality, trade, texas. technology companies pay less in taxes than other companies in the s&p 500. companiestes paid by -- tech companies was substantially lower than others. want to own and less tech in a broad-based portfolio. jonathan: everyone is talking

i am cory johnson in for emily chang.k to our interview of susan wojcicki on bloomberg studio 1.0. she talks about being a working parent and the importance of diversity in tech. take a listen. susan: the main thing for me has been to focus and prioritize and so, i am really good about saying "this is my work time." when i am in the office, i am really focused on what i am doing and prioritizing. i always think about how do i get from point a to point b as quickly as possible? i don't have forever. i cannot stay till midnight and work weekends. it caused me to see some of the shortcuts, some of the new opportunities because i was thinking about, how do i grow this faster? let us forget about all of those other things that are going slowly. i do not have time on that. i have to focus on the big ideas and we have to get them done now. that is really good in tech because tech is about growing big ideas quickly. and so, i use my work time to focus on that, and then when i get home, i try to focus on my family and my kids. my

scarlet: we want to thank cory johnson and paul sweeney.r: coming up, the federal reserve leaves the interest rate on hold. oesler will join us. this is bloomberg. ♪ scarlet: breaking news. aig's results crossing the bloomberg. for $1.20.re looking the company boosting its share buybacks by $3 billion worth of share buybacks. that is another authorization of plan.epurchase apparently, contracts with accident victims was one reason why aig posted profit that fell short of analyst estimates. afterof course we have the bell, facebook and fitbit earnings are out. facebook out just modestly after beating across the board, beating out revenues and earnings, but not dramatically. it has actually turned positive now. matt: possibly more interesting is fitbit. % drop. that 28 fo the company came out with an outlook that really disappointed . fourth-quarter adjusted eps, fitbit saying it will be as much as $.18. mystery was looking for as much as $.75 after bringing down at that dictation. -- bringing down its expectations. matt: coming up, we break

joining us now for the most important topics to watch is bob o'donnell and cory johnson. l start with square. last quarter was a good quarter for square. not so much for twitter. it is apparently a high buy for twitter. cory: i think the biggest focus will be the management issues and whether or not jack dorsey could do a half-time job and when the change will happen. it will have to happen at some point. certainly come of the performance of twitter and perhaps square as well. bob: the other question i have for square is as we start to see the banks get much more involved with these sorts of transactions, easier transactions, they are coming from a position of power. can they really weigh in more than they actually have? may have given square a fair amount of running room. will they start to catch up to them? emily: so, alibaba coming up later this week. we have a letter from jack ma to shareholders that alibaba will have to differentiate itself more from regular e-commerce companies. you have to be something more, which rattled investors momentarily. recent.day was cory:

james joined us along with cory johnson. take a listen. cory: the expectations were quite high. by any reasonable measure, this is a fantastic order for his company. there was not an acceleration of mobile revenues. it was hard to find it did emily: it was 04 years ago. zero four years ago. cory: any number of statistics is look at, this is a antastic report. >> james, would you combre with that? -- agree with that? james: it's a fantastic work, but a quarter after the trend we downgraded. we got a lot of heat for it. the reason we downgraded is coming to fruition. the reason that the stock is acting this way is when you look at it next year, the growth has been coming from a function of engagement growth as well as user growth. the users and the engagement are growing nicely. the ad load will be stalling in 2017 because you don't have nother platform like instagram to open up. messenger in instagram monetization, it will take more time than some investors were hoping. ly: instagram ad revenue growth is faster than the actual website. the cfo told us friday. cory: they did not g

joining us to discuss the road energy, lynn jurich and cory johnson. you for joining us. donald trump has indicated that may be climate change is a hoax. how concerned are you about your company's future and the future of the industry under trump? at all.am not concerned renewables are here to stay. the cost performance is there, and the people want it. to highlight what voters wanted, if we look at the federal election, where energy policy gets set is more on the state level, and there were two big places where there was voting on that, and that was in florida and arizona -- nevada, excuse me. same voters that elected trump and rubio also voted to keep solar. you are also seeing that rooftop solar is very of the moment. it creates the jobs people one. it brings affordable solar and entreated people, and it brings competition. that is a very bipartisan set of characteristics. emily: ok, but there is still the question about how donald trump deals about it. let's take a listen to one and -- one thinge real he did say. mr. trump: on energy, i will cancel

cory johnson, james cakmak, thank you for joining us. warner, despite beating analyst estimates for the third quarter and boosting its forecast, the company saw just lukewarm reaction in the markets wednesday. investors remain skeptical about whether it will get approval for its plan. onmakers have called regulators to examine the deal closely to make sure it does not concentrate too much power over the media industry in one company's hand. still to come, what slowdown in the chinese economy, alibaba outperforms again with double-digit growth. how long will it last? shares of fitbit falling off a cliff after the wearable maker latest earnings report. we will show you, and next. ♪ emily: continuing with tech earning shares of fitbit collapsing in after-hours trading, falling as much as 30% after the company released its third-quarter results. those numbers were roughly in line. it is a forecast people are reacting to. the average analyst estimate was $.75 a share. bloomberg tech reporter selina wang joins us from new york. why the dramati

we have cory johnson. was a tweet last night, someone suggesting if you applied corporate news to announce, do it now. he we are, talking about it. bain has been given a lot of credit for building the company's reputable model. >> you can see that in the numbers when you look at the value of a twitter user. the user growth has been pathetic but the value has gone off with marcus paying more and more to reach those users and that has been the guy behind them. an executive change of twitter is really rare. it is always the same revolving door up there. afternoon votto that was a banker before the company went public was a fantastic executive. dino he got paid? in 2014.lion last year was only about $500,000. his totalhe value of pay package in 2014 according to the proxy statement. moving up to the new job, no new financial filings. we do not know how this is going to change his contract. noto interestingly, we have heard he is taking on a lot more of the moral cheerleading and moral support at the company an

cory johnson spoke with david kirkpatrick.e a listen. >> there is a discordance between the central government and the local administrations. if you look talent central government, they have legalized these car hailing apps. if you look at the local level because the city governments are in charge of issuing permits for taxing and operations, this is probably a pushback from the b.c.a. drives and the companies behind them where they actually take a cut from the operating revenues so for didi coming in and bringing millions more drives, it is a blow to their business and that's probably where we're seeing some of this pushback from. cory: they were taking a step closer to an i.p.o. i wonder if you get the sense with not just uber but some of these unicorn companies are starting to think about cashing out their investors, growing up a little bit and becoming publicly traded companies. >> i think in general that may be happening. i don't sense it as much at uber as some of the other companies. i think uber is feeling comfortable

we have cory johnson.re was a tweet last night, someone suggesting if you have bad corporate news to announce, do it now. but here we are, talking about it. bain has been given a lot of credit for building the company's revenue model, and building bridges with advertisers. and you can see that in the numbers when you look at the value of a twitter user. the user growth has been pathetic, but the value has gone up more and more every quarter to reach those users. an executive change of twitter is really rare. it never happens. emily: [laughs] cory: it's the same revolving door up there. but anthony noto took the job as cfo with a fantastic pay package. the you know what he got paid last year? emily: what did he get paid? cory: $72.8 million in 2014. last year was only about half $1 million. not so bad. that was the value of his total pay package in 2014 according to their proxy statement. moving up to the new job, no new financial filing other than the press release, so we don't know how this is going to ch

emily: that was james as well as our bloomberg tv editor-at-large cory johnson.ll to come, what slow down in the chinese economy? alibaba outperforms again. how long will this last? plus, we will hear from a ceo saying the internet of things will lead to a fourth i.t. revolution. this is bloomberg. ♪ list: mobada has joined a of investors getting into the softbank million dollar tech fund. they plan to incorporate money and sovereign investments into a potential $100 billion fund. softbank is in talks with european and north american investors if the fundraising target is met. the fund becomes the biggest equity fund in technology. china's largest e-commerce operator is shrugging off concerns about a slowdown in the local economy. alibaba posted second-quarter earnings up 45% and revenue up 55%. the company cited strength in cloud services. also entertainment and cooler e-commerce. we caught up with selina wang and kevin carter, whose largest holding is alibaba. take a listen. >> the emerging markets are just now getting the internet on mobile devices. the consum

and -- cory johnson and carol massar on bloomberg radio.ow time for a bloomberg business flash, semi-shareholders have approved the entertainment takeover offer , making the chinese believe the world's largest movie theater operator. -- billionaire the world's largest theater operator. the conclusion of a scorecard ranking major retail policies on harmful chemicals, walmart has the top spot, followed by target . amazon and costco are the lowest ranked for ingredient transparency. the report ibeing released tomorrow. essay lowder is buying from a cosmetics company, to face, expected to top $275 million next year. flashs your business update. still ahead, we will have the commodities close. bob dudley, does he think that the opec deal will ultimately get done? we haven't seen the oil rise. he's more pessimistic. this is bloomberg. ♪ ♪ scarlet: from bloomberg world headquarters in new york, this is "bloomberg markets." scarlet: let's look at some of today's movers. starting with metals, donald a breather today. there could be some profit takin

that was james as well as our tv editor at large cory johnson. still to come, what slow down in a chinese economy? alibaba outperforms again. how long will this last? we will hear from a ceo saying the internet of things will lead to a fourth revolution. this is bloomberg. ♪ emily: they have joined the list of investors getting into the tech fund. this is according to people familiar with the matter. they are holding talks with the in a net telecom and plant to incorporate emily -- money into the fund. softbank is in talks with investors if the fundraising target is met. the fun becomes the biggest equity fund in technology. china's largest e-commerce operator is shrugging off concerns about a slowdown in the local economy. 45% andhad earnings of revenue up 55%. they are talking about strengthen cloud services. we caught up with selina wang and kevin carter. they have the largest tolling of alibaba. are just now getting the internet on mobile devices. the consumer is the real growth story. the mobile and internet has changed the way we consume, i

cory johnson is in los angeles.el, a real outsider backing donald trump during the campaign. as you see this playing out, what it -- could he be charged with doing here? will have apes he voice for policies that will take silicon -- help silicon valley businesses. he knows a lot about that from a venture standpoint but also from what it takes to get businesses up and running and what silicon valley needs. frankly, a lot of the issues espoused by donald trump, such as the anti-immigrant stance, is not one that silicon valley embraces. silicon valley is a business community often built with immigrants, certainly employing immigrants, needing that talent. furthermore, peter thiel is a gay man. the role of gay people in america going forward in his administration is one that a lot of lgbt people feel threatened by. to have someone so prominent in a transition might suggest an openness that the campaign did not suggest it i do not want to overstate that because we don't you how that plays out, but can only see the notion

also, cory johnson joining us from new york. don't forget to tune in all week long.us on energy continues on bloomberg television. a story we are watching, uber is trying to convince europe's highest court that it is not a taxi service. 15 judges at the european court will decide whether uber is an app or transportation company. this question has long the x lawmakers across the region. a decision could be months away. in the united states, uber drivers are taking part in a day of disruption, it is part of a fight for a 15 million -- $15 per hour minimum wage. massachusetts senator elizabeth warren waiting on twitter saying "no one who works full-time ." uld live in poverty alibaba prepares for an expected ipo in 2017, we presidentith alipay and vice president. this is bloomberg. financial is looking to increase its split rate beyond china. with -- alartnered ipay partnered with the financial company last month. thank you for joining us. you are in town to talk about plans for global expansion deion asia. how are the plans going and how do you plan to make it happen?

for a final look at the polls, let's turn it over to carol massar and cory johnson.oomberg tv. bring in doug usher, managing partner at purple insights. he's been conducting a lot of polls for us here at bloomberg. nice to have you here. what should we be watching as the polestar to close? >> thanks for having me. first of all, you will see some returns from some key states. florida and north carolina right off the bat. those are must win state for trump. it hillary shows a good lead in those early on, that is trouble for him. at the same time, you will see results from pennsylvania. it looks like trump is getting close in that election, you will start to see things tighten up pretty quickly. florida historically does not have a history of giving us results weekly or accurately. the earlyked at results last time around, you would've thought romney was doing well. of course, there was the famed hanging chad. should we expect anything different from florida? >> i don't think so. , ane hear from florida early call, that will be a huge sign. cory: don't believe it. we ha

deep joins carol massar and cory johnson on radio. carol: thank you.radio. man deep singh is with bloomberg intelligence, and follows symantec in those companies in the space. this deal, buys lifelock, $2.3 billion. lifelock was a bunch of companies that were pursuing lifelock. why is it such an interesting company and why do so many companies want to buy it? mandeep: security right now is a very fragmented space. there are a lot of point solution guides to give you one product, one service, and you use them and basically you have to deal with hundreds of vendors. over time, your environment is very fragmented. as the biggest security company out there, symantec to be the consolidator. that's what they are doing. they bought bluecoat to prop up the enterprise segment and now they bought lifelock to prop up their consumer segment. they got out of storage. cory: it's interesting to see them go back towards they can -- the consumer segment. one that she was one they seemed to be getting out of. i'm trying to make sense of what the corporate direction is,

cory johnson in for emily chang. snap is filing to go public. sources say may be the biggest tech ipo in recent years could come as early as march. stocks have come roaring back. thiell talk about peter and how i trump presidency could impact technology. snapchat begins the process of going public -- the parent company snap is said to have followed confidentially for an ipo. month thed last company would seek as much as $4 billion in valuation, anywhere to $40 billionn on less than a billion dollars in revenue. what is the news? is filingp confidentially because it does not have a billion dollars in revenue yet, so it can do that. as soon asuld happen first quarter of this year, maybe as early as march. it could be up to $4 billion in what they raise and this is incredible considering they filed to go public before the election. everything seems much on track. cory: fairly amazing that if we are talking about a $25 million or $40 billion, not be 25 times revenue at best. xcebook went out at 12 revenue and collapsed afterward. this is very aggres

bloomberg tech starter reporter eric newcomer, in a cory johnson. we will start with priceline, announcing this big write-down of opentable. what do you make of this? >> this could have been a train wreck for them. they spent nearly $2 billion on its acquisition and having to write off so much of it shows this has been a money pit for them. they explained the right off a little bit in the press release. all companies should do this and do not, but these guys put their 10q the same day they put out their press release and earnings. it has a little more detail. they fundamentally say their post acquisition strategy was "premised on significant and rapid investment in international expansion." that resulted in limitedin progress. in other words, they sunk a lot of money into this thing, they thought it would keep growing, and it didn't. emily: they have positive things to say about opentable. inopentable's investments future growth include completion of the international technology platform, which will allow it to enter into the global market and to wo

cory johnson caught up with sarah frier and justin khan after the news broke. >> snapchat's filing confidentiallyause they don't have $1 billion in revenue yet so they can do that. this ipo could happen. it could be the first quarter of this year, maybe as early as march. it could be up to $4 billion in what they raise. this is incredible considering that they filed to go public before the election, and everything seems on track. >> fairly amazing here that if we are talking about a $25 billion ipo. 12 xook went out at revenue and collapsed afterward. >> this is absolutely aggressive. they will try to emphasize their growth potential. snapchat is very early on their path for revenue and they already have about one third of facebook's users in the u.s. they're not making as much money off every user as twitter and facebook do, but twitter has fewer daily users. snapchat will probably have about 350 million, definitely a fraction. they will definitely empathize growth. >> justin, you have the tiger by the tail. the business grew so fast. is oner what your take the company deciding to go public with

our editor at large cory johnson caught up with bloomberg's social media reporter and a partner right after the news broke. this i.p.o. could happen as soon it is a first quarter of this year, maybe as early as march. it could be up to $4 billion in what they raise. this is really incredible considering they filed to go public before the election. everything still seems pretty much on track. >> fairly amazing here that if we're talking about a $25 billion i.p.o., facebook went out and collapsed afterwards. this is very aggressive pricing. >> this is absolutely aggressive. what they are going to try to emphasize is their growth potential. snapchat is very early on their path for revenue and they already have 1/3 of facebook's users in the u.s. they are definitely not making as much money off every user as twitter or facebook do. twitter has fewer active viewers. snapchat will probably have about 350 million, definitely a fraction. their point is definitely going to be to emphasize growth. >> justin, let me ask you, you had the tiger by the tail in a usiness that grew so fast. it had so

. ♪ cory: i'm cory johnson in for emily chang. snap is filing to go public.ources say in may be the biggest tech ipo in recent years could come as early as march. the fangs stocks have come roaring back. palantir cofounder joins us on his longtime partner peter thiel and how a trump presidency could impact technology. snapchat begins the process of going public -- the parent company snap is said to have filed confidentially for an ipo. that is something a couple he can do that makes less than $1 billion in gross revenues. we reported last month the company would seek as much as $4 billion in valuation, anywhere from $25 billion to $40 billion on less than $1 billion in revenue. what is the news? sarah: snap is filing confidentially because it does not have $1 billion in revenue yet, so it can do that. this ipo could happen as soon as first quarter of this year, maybe as early as march. it could be up to $4 billion in what they raise and this is incredible considering they filed to go public before the election. everything seems much on track. cory: fairly ama

david: thank you, cory johnson.ding alongside the current president of the united states. saying the sacrifices the greek people have made will hopefully be rewarded with positive results in debt relief talks. we are about seven minutes into the session. the dow opening a little bit lower by about .2%. the s&p higher after two days of marginal losses. an upside surprise on u.s. retail sales driving the dollar a little bit stronger against the yen as we approach .4%. the way the bond market has the prospect of a rate hike in december edges ever closer. yields come in on the 10 year as well to to 2.24%. of next we will debate this bond market. from new york, this is bloomberg. ♪ emma: this is bloomberg daybreak. i'm emma chandra. coverage bloomberg for to brookings. that's at 1:30 p.m. eastern time. jonathan: let's get you up to speed. equities on the dow opening a little bit lower. after two days of marginal losses bouncing back by a quarter of 1%. the nasdaq up by .6%. snapping back up with apple as well. let's brin

david: thanks so much, cory johnson.lf an hour, joined by carol massar for "bloomberg markets" on bloomberg radio. vonnie: former italian minister speaks to bloomberg and says the current prime minister should stay in power, even if the referendum is rejected. this is bloomberg. ♪ wow, x1 has netflix? hey, drop a beat. ♪ show me orange is the new black ♪ ♪ wait, no, bloodline ♪ how about bojack, luke cage ♪ oh, dj tanner maybe show me lilyhammer ♪ ♪ stranger things, marseille, the fall ♪ ♪ in the same place as my basketball? ♪ ♪ narcos, fearless, cooked ♪ the crown, marco polo, lost and found ♪ ♪ grace and frankie, hemlock grove, season one of...! ♪ show me house of cards. finally, you can now find all of netflix in the same place as all your other entertainment. on xfinity x1. vonnie: live from bloomberg headquarters in new york, i am vonnie quinn. david: i am david gura. minutes,eduled for 15 it lasted one hour and a half. away has revealed president obama and president-elect donald trump have once again been in contac

they are joined by cory johnson, inc.erg markets on bloomberg radio with carol massar. let's start off with earnings. what is unusual about the way they are reporting? isey: that -- the sec cracking down on large and small companies, particularly companies that want to make things that better than they are. electronic arts want to make it look simple. they have a lot of deferred revenue so they will go to the top of press releases with non-gap revenue and earnings numbers but those are not the real earnings. when you look at earnings over the course of any given corridor, they can be bumpy because the change in deferred revenue doesn't always show up when you look at that topline number, so that revenues can be bumpy and the bottom line can be bumpy. leveling out that the company has done with non-gap reporting is done. they will leave it up to likests and knuckleheads me to figure it out and look for a change in revenues and figure out how the business performs. david: long ago, there was the pokemon go phenomenon, how i

david: cory johnson, thank you very much.more from in half an hour time when he is done by carol massar on bloomberg radio. vonnie: still ahead, it's always a media frenzy with donald trump. in an age when traditional news media is losing ratings, will the incoming president-elect boost viewership and readership? this is bloomberg. ♪ david: this is "bloomberg markets." i am david gura. vonnie: i am vonnie quinn. david: it was reported a moment ago that donald trump had picked that the devos as head of the education secretary. donald trump saying she is a brilliant and passionate education advocate. ,etsy devos excepting that take saying "she is honored to work with the president elect on his vision to make american education rate again." vonnie: the contentious presidential campaign and surprise win by media magnate donald trump has many wondering if the new administration will be good for business. i want to bring in the equity research analyst at barclays who joins us from new york. he just came out with a research note on

cory johnson joins us from san francisco.rd about major cable news networks? these have been good months or years in part because of the campaign. there are certainly some similarly's there. i don't know about your facebook page, but i know that on mine, there were a couple of political ads. the last few weeks or months have been taken over by commentary about the election. mark zuckerberg commented about the saying people created billions of posts about the election. guess what? that stops this week. that volume of the conversation stops. facebook talks about the things driving their business, they talk about the ad load and the shift to mobile and the rising ad rates, but they also talk about how many posts are going up and regardless of where you stood in this election, when you look at the way they have been able to grow that, the company warning that the are not going to see kind of growth they have seen lately and the wind in their sales last few quarters has been this election and the heated commentary about it on the

bloomberg editor at large cory johnson joins us live now with more.e bit of the background here. cory: it is a company in quebec, trading with toronto. popular or somewhat .opular online poker game it had great success for a wild air. bid for theunced a company and announced that bid today. the curious part of the story as partners of the bid apparently have never heard of him or the companies themselves. the ceo and founder of this company -- he was the ceo. he was forced out an initial bid. he has been charged with insider trading in quebec. yet another bid for the company today. who has the authority to receive bids and accept -- and discuss bid's? >> the company's board of director was supposed to be looking at this. the curious story of this emerged. the stock has traded both in the u.s. and canada. the bid is about $20 canadian. he made a bid for the company back in february. he didn't say who his partners were. then that sits in the table for a while. businesstners for this and series of bids have been strange. an unspecified investor group. a

we are joined by bloomberg editor at large cory johnson.ese look at leveraging user growth with marketers? essentially selling that growth, getting money for ads? cory: there are a lot of ways to measure the efficacy, but no more than being able to charge more money for the ads. fromve seen consistently facebook from day one that as they found new ad format and targeted users, the more and more data, they found the right ad to target the right user more and more. when you look at the facebook user value, you see it is growing and growing dramatically. only 18 months ago it was $3.88 per user in a given quarter. that number has ramped up quite a bit overly up to five dollars $5.80.80 -- numbers, you value can see very dramatically what is happening in terms of the dollars facebook is able to garner for each of its users. david: what are we seeing in the video space? armor for ago, video was remembers future-- i years ago, video was facebook's future. cory: in the last three or four quarters, the value acceleration, the change in the value, y

jonathan: joining us now is cory johnson in san francisco.t wouldn't happen. it was meant to be risk >> you are right to focus on the financials and i loved your description on how banks make money. i think the regulatory thing is driving this. in today's moves you've got 5% gains. it is very clear that the notion of the repeal of dodd-frank and the safety net put in after the crash of 2008, the notion that that repeal will somehow take the banks, one hand from behind their backs and the very big banks will get even bigger. since the reforms after the 2008 crash, the notion of the repeal of that, will the banks run amok and throw off massive profit? i will quote oliver renick's wonderful story from earlier in the week. the last 13 presidential elections, the move the day after holds up half the time. it is up in the air whether it means anything in the long-term. the fact that i was being correct move for the markets. just insideas not the beltway, it was a response to a broad center across the country and people were pushing the hardest for

we are joined by cory johnson in san francisco. what role the wikileaks play in the steel? -- this deal? cory: they may have had a significant impact, oracle offering to buy netsuite, even as larry ellison was the largest shareholder of netsuite. the belief is they weren't getting the best price possible. oracle stepped back, larry ellison said we are not going to powershares, we want to enable better corporate governance. tiaa-cref was left as the largest holder shareholder. --n came the d.c. leagues leaks. and we saw from colin powell, the four also -- former secretary of state. onto the board of salesforce and on the border salesforce, he receives some documents about netsuite and a lot of other companies that salesforce was considering acquiring. amongst this deck of slides about potential acquisition candidates, colin e-mails showed salesforce is not likely to make a deal because of larry ellison's outside stake. tiaa-crefout after protested the price. they said this actually is not going to get another bid. no one else out th

cory johnson joins us with more.ound for a few years, here is the solution. for many decades, the weight samsung rends itself has been a family-run business that the giant conglomerate and decided to do whatever it wanted to do, as long as the leader of the company wanted it, but the new generation said, you can clean up the ship and do things the right way. it looks like this will fall short of some goals. we still see more clarity to work samsung's business is, more clarity into what we will see from the reporting unit and every investor likes the dividend and likes them outside the boardroom. be -- is thatill a bad and good company? corey: they are all good. high-growth technology business and you have other industrial businesses, as well. separating them is the main culprit furthermore, -- separating them is the main goal. furthermore, we try to see what is selling and what isn't, and the investors really look at the business and understand what is happening. vonnie: this really has nothing the last wild and has

cory johnson joins us now from boston with more. gopro -- has happened with gopro here, with regard to entertainment? the: this was a big part of pitch of the ipo. this isn't just a camera on a stick. this is a media company. that's how this copy went public, that was a story they told. we saw incredible videos of the surfers and skateboarders and rock climbers and kite boarders and the whole deal. that gave us this notion there was a whole new kind of video about to happen, gopro with its own little cable station and the station showing the virgin america flight was going to launch a major media business that would go well beyond the cameras on a stick. not anymore. vonnie: that's the thing, we want to watch the homemade videos of their friends and maybe some fan base watching. anyway, the point is, gopro is cutting 200 jobs. they had some vast aspirations. be morerations may important to those on wall street who wanted to support this stock. i stumbled upon a quote from an analyst, back when the stock was trading $92 a share, sayi

joining us this cory johnson. does he have plans? he seems like he can do what he wants.: will it? has found atreet way to find elon musk over and over again but the businesses have to find themselves. the combination of free cash flow between the company is amazing. just look at tesla and a cash situation. last quarter was is the enormous anomaly. they basically did not pay bills, did not spend money on the factory, i'm exaggerating, but they significant reduced spending factors that are so important to them. they need to spend the money on these factories to deliver the values they will sell as part of this combined business. but they ratcheted back on the spending big-time last quarter. if you look historically when you look at what's going on, we taken to the bloomberg. you can see what's going on. on instant messaging. and also tesla's cash flow burn is a norm is. when you combine it as their do with solar city's amazing free cash flow burn, is like a tire fire burning cash flow. these guys have got to start spending more money to build these important factories and

the death of jacob curry who was on leave from the military at that time got into a fight and johnson shot cory. many people packing the luggage or a car to visit family thanksgivingeve one of the busiest travel days of the year. >>but this week is one of the best times to book travel for december. >> reporter: 28,0 today, but if you're already thinking about possibly traveling in december, i have some tips you'll want to know and scams to look out for. ready to trade in the wintry weather for the warmth? forget what you've heard about finding cheap flights midweek. that theory now debunked. >>looking on the weekends is when you can find the best deal booking a room can save about 600 bucks. >>60-plus days in advance or about 7 to 13 days in advance. >> reporter: but watch out for scams that haunt travelers year after year. >>research the site very carefully that you are about to use. >> reporter: the cleveland better business bureau says some sham sites entice buyers with cheap prices. >>the lowest price isn't always the best price. stick to the companies that have been around doing this a lon