david spitz is here and joining us right now. ll me about what we're seeing where amazon doubles its users but they're still a fraction of what ebay is doing. david: so ebay has been around a long time as you know. we see consumers moving more towards the convenience that amazon offers. so both ebay and amazon offer a lot of selection on a lot of value but convenience is the name of the game online. and we see amazon pulling away from ebay on the convenience category especially on logistics and speed of delivery. cory: you say that but then why does amazon have, you know, two million compared to ebay's 25 million if the logistics are so difficult on ebay? david: ebay is an open platform and anybody can sell whereas amazon you have to be an approved seller. it's the bar to become an amazon seller is higher and they do that to ensure last quality of service and delivery that consumers experience on a platform. cory: this has been a long -running battle going back probably to at least 1995 1996 from the early days when amazon recogni

cory: david spitz, president and c.e.o. of channel adviser. thank you. coming up web tv, sling tv. the air, just like ncaa. we will talk about that next on "bloomberg west.” ♪ cory: this is "bloomberg west," where we focus on innovation technology and future of business. i'm cory johnson. let's check bloomberg top headlines. world central banks are holding less foreign currency reserves than they have in quite a while. local reserves falling to 11.6 trillion last month from a record 12 trill an in august of last year. the job may be overstated due to strengthening dollar, it does mark a shift from 2004 to 2014. central banks increased their currency reserves by five-fold. japan's mizuho is in talks to hire as many as 200 employees from the world bank of scotland. people familiar with the talks part of mizuho's acquisition of the portfolio to expand operations due to declining japanese population and near record low interest rates at home. saudi arabia's oil minister said the global demand for oil is improving, as lower prices boost usage. this comes as the country raised open price