i got to know david stern and know the league. that really helped when an opportunity came up in my hometown in terms of acquiring a franchise. >> the hometown connection is critical to lacob. what was it like when you had boos?rescendo of >> i tried to smile but i wasn't smiling inside. it was personally a hard thing to do and to absorb at that moment. three years later, everywhere i walk around san francisco and oakland, people are really nice to me. they always say, joe, so sorry you got booed that day. personally, i think living in the town where you own your franchise is really important because you get involved. you have to hear the boos if you're here. you have to hear the cheers. you know what is working and what isn't. that is what is really important, to be local and impassioned. >> they are considered a top contender this year. lacob will need to incorporate every ounce of civic capital. they plan to open a state-of- the-art arena with retail space and open public space. the plan faces hurdles and will require hundreds

i got to know david stern and know the league. that really helped when an opportunity came up in my hometown in terms of acquiring a franchise. >> the hometown connection is critical to lacob. even when it is not comfortable. at years ago, he was bood the microphone honoring the basketball legend. in the middle. you tried to smile. how did you feel? >> i tried to smile but i wasn't smiling inside. it was personally a hard thing to do and to absorb at that moment. three years later, everywhere i walk around san francisco and oakland, people are really nice to meet. they always say, joe, so sorry you got booed that day. personally, i think living in the town where you own your franchise is really important because you get involved. you have to hear the boos if you're here. you have to hear the cheers. you know what is working and what isn't. that is what is really important, to be local and impassioned. >> the warriors are building considerable goodwill through their play on the court read after making the playoffs last season for t

. >> i took david stern's advice because now it puts you in the position to be a majority owner. was that tough for you? that's not entirely true. i come from venture capital where you never control or own the business. don't own 100%. i have been in that business before and had a lot of partners. me bystern did help getting that kind of advice. the league, and that really helped when an opportunity came up. >> the hometown connection is critical, even when it's not comfortable. two years ago he was booed when he took the ceremony honoring chris mullin. >> what was it like when you had a cascade of boos? you tried to smile. how do you feel? it was personally a very hard hing to absorb at that moment. .eople are really nice to me personally i think living in the town is really important. you get involved. the cheers, the booze. -- boos. you know what is working. >> they are building considerable goodwill. after making the playoffs for the second time in 20 years he is considered a top contender. he will need to cultivate every ounce of capital between now and 2017 when they plan t

but commissioner david stern says prokhorov passed all the tests.he's a man of character? >> i think he's as man who has passed a very tight security check, and nobody has come up with any reason why he shouldn't be an nba owner. >> commissioner stern believes prokhorov to be a shrewd businessman, although we found him to be a bit unorthodox. where's your computer? >> i don't use a computer. >> you have something against computers? >> we have too much information, and it's really impossible to filter it. >> he believes his biggest strengths are organization and leading people. any abilities you wish you had that you don't have? >> sometimes maybe to be less tall. >> to be less tall? [chuckles] well, you're about to enter a world of very tall people with the nba. you're gonna actually be pretty short. >> [chuckles] compared with the players, yes, but compared with the common people, i am tall enough. trust me. >> prokhorov has been brushing up on his english and his jump shot. if everything goes according to plan, in 2012, he will move the nets to a

that's been a big focus for david stern. prepares to leave his post in february what is next for the nba? joining us once again is -- we'll say it one more time. nba commissioner, david stern. i remember when you took over for larry o'brien. those many years ago. are you sad that you're leaving or are you -- can you not wait to hand this off to adam silver at this point? >> neither. i'm looking forward to the continued growth of the nba. you'd get me fired if i weren't leaving for undervaluing our teams at $12 billion. it's well over $20 billion. >> really? >> and the nba is in the midst of an extraordinary growth spurt. but the best may yet to come. because we've got the digital world where the nba is at top. we've got globalization where our games are seen in 125 countries and 43 languages. and we've got a new network television negotiation coming up. so it's just going to keep getting better. >> by the way, that was forbe's that attached the $12 billion price tag on your teams out there. just so you know. >> do you believ

now, i think i saw a stat when david stern came into the nba, the average salary was $250,000. now it's $5.5 million. this 30-year window. we are in 200 countries. we are on major networks, multiple nights a week. he gets that. >> you said basketball, everything you have is because of basketball. explain that beyond money. >> when i say basketball has given me everything in my life, it's not even about the money. it's just about -- it's just been my job. >> uh-huh? >> i just turned 50 arnold i had such an amazing remarkable life because of basketball. the money is a blessing. i always said it, the money is a blessing but i am a cad kid from alabama growing up in the projects on welfare and now 50 years later, i have been all over the world. i have been to countries many many countries. that. >> do you feel like you owe the game something? >> i think everybody owes the game something because we make so much money, and i don't want to -- because i -- when you -- you are like it ain't like you work harder than somebody either. like a teacher works a lot harder than me. she is neve

i got to note david stern and know the leak.t really helped when an opportunity came up in my hometown in terms of acquiring a franchised area >> the hometown lacob.ion is critical to smile but i wasn't smiling inside. it was personally a hard thing to do and to absorb at that moment. three years later, everywhere i walk around san francisco and oakland, people are really nice to meet. they always say, joe, so sorry you got food that day. think living in the town where you own your franchise is really important because you get involved. you have to hear the boos if you're here. you have to hear the cheers. you know what is working and what isn't. that is what is really important, to be local and international. impassioned. >>lacob will need to incorporate every ounce of civic capital. they plan to open a state-of- the-art arena with retail space and open public space. the plan faces hurdles and will require hundreds of millions in financing. theseason vcc is opportunities beyond the obstacles. >> this will be something to be pro

. >> reverend david died in the fire along with stern. >> i just can't believe the pastor is gone. i can't believe it. >> tell me about shepherd's crook. >> the shepherd's helped me with some food and clothes and everything. and then when i got a job and found a place to live, i wanted to help back. so i started volunteering because i like helping people. right now, i'm afraid to go back in there because of what happened, because of nightmares. but later on, maybe after this gets over with, maybe a few months or down the road, i will go back and do it again. >> full recovery may take two years. neither her fiance nor adult daughter have the money to make extended trips up here. so dana is hoping she will be home by christmas. at the hopkins bay view medical center in baltimore, scott broom, wusa9. >> and dana's employer is trying to raise money to support her. you can learn more by clicking on our website, wusa9.com. >> northern virginia congressman, frank wolf, will not seek reelection next year. the 18-term republican from virginia's tenth district released a statement saying quo

david powell, cofounder, mag when capital. this is taking stock on bloomberg. ♪ >> this is taking stock on bloomberg. i'm pimm fox. for headlines, we go to olivia sterns. oniscounts at children's items helped retailers like gap. other stores stayed open around the clock. president obama said today he will nominate max baucus to become ambassador to china. the montana democrat would replace gary lot. the senator created bipartisan momentum for changes to the tax code. minister became the first japanese prime minister to visit a controversial shrine since 2006. china has long criticized japanese politicians who visit the shrine. abe said he did not mean to offend anyone. >> carmakers are bracing for from china due to that visit. how is this going to affect business? we are joined by the author of "the coming crash of china." >> right now, the problem is minister'sse prime feel they have to go there for domestic and political reasons, and yet you have the rest of the region really upset about this because of historical memories going back to world war ii and even before that. this is a problem for japan. japanese prime ministers have not gone there for a

david: let's go to lauren simonetti to see where we're coming out. you have to start with crocs today, lauren. >> big winner, up more than 20%. folks over at sternnt from blackstone really going to be a positive catalyst for the stock going forward. cheryl: lauren, shares of lions gate seeing a pop following an upgrade. >> absolutely. lions gate got a 3% pop. "barron's" research reiterating guidance and giving it a 41-dollar price target. catching fire, the movie, really solid for lions gate. david: there is no stopping "the hunger games." they're filming now. they're down 5% now, right? >> down 5%. the volume is heavy. thursday, friday and today, the stock has been all over the map. volume has been very, very in twitter shares. cheryl: entertainment name, lauren, disney, hitting all-time high today. [closing bell ringing] entertainment or parks? >> all-time high for disney. number one on the dow and s&p 500 today. cheryl: bells ringing on wall street. let's look how stocks finishing out. the dow is finishing to the upside. we were up 25 points as we move into the close. nasdaq as well. russell 2000 finishing slightly into the red. david, a nice

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