i'm emily chang. the weekend we will bring you the best of west, the top interviews with the power players in global technology media companies that are reshaping our world. get the lead out. the led zeppelin. the minutes first deal to dream its classic rock band music. and which technology german advertising agency has been the most successful at turning interesting content into sales? would you believe it is amazon? we will tell you about the online read taylor's up locked mr. business -- blockbuster google shares its most watched videos. >> we learn more about just how much money youtube is bringing in. we begin with spotify, the company hoping a new partnership with led zeppelin but sits on a stairway to even greater success. at an event in new york this week the company announced a free service for smart phones and tablets meeting customers no longer need to pay to listen to content on mobile. the band thus far has avoided digital streaming. our editor at large caught up with spotify's chief cont

i'm emily chang. every weekend we will bring you the best of west, the top interviews with the power players in global technology media companies that are reshaping our world. spotify gets the lead out. the led zeppelin. agency hastising been the most successful? would you believe it is amazon? we will tell you about the online. we begin with spotify, the company hoping a new partnership with led zeppelin but sits on a stairway to even greater success. at an event in new york this week the company announced a free service for smart phones and tablets meeting customers no longer need to pay to listen to content on mobile. the band thus far has avoided digital streaming. our editor at large caught up with spotify's chief content officer. here's how he described the new changes. >> the new service allows users to use with the device of their choice. a few years ago and we launched the service in europe it was a different world. there is a clear distinction -- >> there are no computers -- computers were o

while authorities claim the bullets that accidentally hit emily came from sutton's gun, emily supportsssailant. >> i have a scar right here. that's one of them. i got that one in the middle and then this one. the first bullet, i didn't feel it. i just stood there. then i seen the guy running to me. he did it again, and i fell but i was awake the whole time. i was awake. >> despite her wounds, emily says her main concern was for sutton. >> to be honest, nothing else was going through my mind. i just wanted him to be next to me. i love him. he's my baby. >> just being able to touch her, that's really -- i'm anxious to give her a hug. >> normally, the jail does not permit contact visits prior to conviction. >> he'll be with you in a moment. >> but due to filming restrictions in the visiting area, officials set up a temporary visiting station that could accommodate our cameras. >> how do you feel? >> nervous. i'm really nervous right now. >> hello, pretty lady. >> hi. how are you doing? >> okay, okay. come here, sweetheart. >> oh, my god. i know, i know, i know. i missed you. you look cute

i am emily.ding industry is undergoing massive change, often makingng profit, performers turned to the stage to make the big butts, and turning to technology to make that happen. cory johnson is back with our special series, the digital remix. rexam and logical changes are crushing the music industry as we know it. it is changing the concert business trying to pick some of those problems, but some of those changes are just an illusion. dirty bastard young again, live again. a hologram wrapper of odb hits the concert scene this summer, but the hologram scene started the with two boxer core last shakur atith tupac coachella last year. his album sales ran 500%. it revived the sales of hologram provider digital demand, which grew 75% in just two weeks. so why set the stage with a hologram? with digital music to strike the old business model, life concerts have become the industry's bread-and-butter. >> it is the most vital side of the business. >> rappers bone thugs-n-harmony are using the hologram t

i am emily chang. i'm here with cory johnson. and we also have jon erlichman. we have been learning a lot about e-mail. it has been exciting day. john donahoe is that ceo. yeah. it is like a smackedown between ebay and amazon. it is a minority of their business, action. -- auction. applicable be entertaining and enlightening for people. they will learn about a lot of things. >> we will talk about that would john donahoe. we will also learn about the ebay moonshot business. it is the same day delivery business. it will get to you within an hour. i have got these gloves. >> styling gloves. >> it was cold this morning. the payment business, that is a monster of a business. billions of transactions every quarter. it is growing at double-digit rates. >> you go very in depth on some of the innovations they are working on at ebay. you are inside the commerce and innovation showcase. what is that about? >> this is a place where they try to explain to their many retail partners with the technology behind ebay a

i'm emily chang. let's get to the rundown. nelson mandela died at the age of 95 and tributes are pouring in around the globe. >> we've lost one of the most influential and courageous and good human beings. he belongs to the ages. >> mandela served 27 years in prison after being convicted of treason with the white minority government. three years later, he won the nobel peace prize. he became the first elected black president. once again, mandela has died at 95. we'll have more later in the show. meantime, our top tech story, twitter has added the first woman to their board effective immediately. she was ceo of pearson until last year. twitter faced controversy for not having a woman board member. she tweeted, "there could not be a more exciting time to join." john is in l.a. what is the latest? >> this was a priority to have a woman join the board. there are a number of things that made her the right candidate. she is smart and a forward thinking person. speaking with someone who worked with her, she pushed the envelope in the

i'm emily chang.ines.op world leaders are remembering nelson mandela at a memorial service at a soccer stadium in south africa. president obama was among those who spoke at the service for mandela. the president made headlines by shaking the hand of event president raul castro. that was the first handshake between those leaders in 13 years. the nominate to head the irs is at his confirmation hearing. will work to he restore the public's trust in the agency. they are struggling with budget cuts and political applications of admitting it applied closer groups. to tea party general motors named a new ceo, making her the first woman to lead a global auto company. there is an -- she is an engineer and has been for 30 years. she will take over for dan a person -- akerson. now to amazon. we all know it is a major online retailer. you may not know that amazon has been quietly building an advertising agency over the last few years. $600 million over it is expectednd to grow this year. cory johnson is back with

i am emily chang. of focus is on the future business. let's get to the rundown. amazon's failed to deliver after ups and fedex get an avalanche of orders, it offers refunds and gift cards to make good on its holiday delivery promises. missing theies to mark, up to a third of online sales may be returned. how online retailers are trying to change that. and we are counting down the top trends, everything from the rights of robotics to the return of the space race from companies like spacex. first to the lead. the explosive growth of online shopping has made for a not so merry christmas for countless customers due to a rush of orders before the holiday. companies like ups and fedex were unable to deliver on time, including ones for customers paid extra for fast shipping. add has amazon trying to -- that has emma gone -- amazon trying to make a good. amazon is studying its shipping options. joining us for more is julie hyman. amazon is blaming ups. ups says volume outpaced capacity. that who really dropped

i'm emily chang. our focus is on innovation, technology, and the future of business. let's get straight to the rundown. the value of the bitcoin is falling fast, now cut nearly in half from its recent $1200 high. we look at why, and where you can even use it. mark zuckerberg and andreessen are cashing out millions of their facebook shares. is it time to end the blackout that keeps sports games off tv? the nfl's -- nfl says no. first, to the lead. the spread of the digital currency bitcoin is causing governments around the world to pay attention. that has set the value of bitcoin tumbling. the currency is hovering around $700 from a high of $1200 in recent weeks. china's biggest bitcoin exchange was forced to stop deposits. denmark has become the latest nation to propose standards to protect consumers from what it calls the risks of bitcoin. joining us from new york is matt miller, who is conducting a series, the 12 days of bitcoin. you are on day number nine. let's talk about what countries around the

i am emily chang. our focus is on innovation, technology, and the future of business. there was a self driving car and then a plan to use whether weather balloons for wi-fi. it looks like amazon might use robots and the former head of android is part of it. in china the government has cleared the way for the largest cell carrier to offer four g services, and that could mean hundreds of millions of new customers. how do you put together the management team? we asked the guy who has done it. maynard webb is here for "office hours." first, to the lead. google is known for its far- reaching projects like google glass and the self driving car. now the latest moonshot involves robots. the company has required seven robotic companies in japan. ceo larry page writes, i am excited about andy rubin's next project. android started as a crazy idea. it ended up putting a in hundreds of thousands of pockets. it is still early. can't wait to see the progress. what might google be doing with these robots, and how migh

i'm emily chang. our focus is on innovation, technology, and the future of business. let's get to the rundown. >> should you be able to make cell phone calls in flight? federal regulators take up the issue tomorrow in what could be the first step to turning the friendly skies into the chatting skies. spotify get the lead out. they are the first site to stream led zeppelin music. as we approach the end of the year, google shares are listed on the most-watched video youtube. first, to the lead. it is an issue that is generating plenty of talk and tomorrow the fcc will take its first vote on whether to and in- flight cell phone calls. if the vote passes, it would open up a period of public comment. the sec is taking the vote among stiffening opposition in congress to passengers yapping on their cell phones in flight. they have committee has already introduced a bill outlawing phone calls. fcc chairman tom wheeler, says he doesn't want someone yapping next to him, but the industry should not have to hide

i'm emily chang. our focus is on innovation, technology, and the future of business. let's get straight to the rundown. derek schmidt, marissa mayer, and other execs sit down with barack obama to discuss surveillance and what wrong with healthcare.gov. facebook is rolling out video ads in some newsfeeds as part of an effort to convince advertisers that the social network can be more effective than television. and uber faces some angry customers after prices surge during a snowstorm. some of the biggest names in technology were at the white house today, telling president obama about their views on hot button issues full among those in attendance, apple ceo tim cook, yahoo! ceo marissa mayer, sheryl sandberg, reed hastings and dick costolo. they sent a letter to the white house and congress, urging them to reform surveillance practices. and a day after a judge says that the nsa collection of phone records is probably unconstitutional. phil mattingly joins us from washington. i am dying to know what happ

i'm emily chang. let's get straight to the rundown. it is a deal six years in the making and one the one -- and the one that steve jobs couldn't get done, but is apple now working with the largest carrier in the world, china mobile? and scardino joins the twitter board. has said he will not be leaving. he was a front-runner for the microsoft ceo. what does this mean that -- in the hunt for steve ballmer's replacement? ford's ceo alan mullally will apparently not be the new ceo of microsoft. he is staying through the end of the year with ford. have more on microsoft in a few minutes. but we are also following major news involving apple and china mobile. they have signed a deal to finally bring the iphone to the world's largest mobile carrier with a rollout coming later this month. this comes a day after china mobile will grant a license from the chinese government to operate a new network. jon erlichman is in l.a. following the story. we have been covering the potential for this deal for years. was thi

emily thought it would take forever to find the woman who brought her into the world.er only two days thanks to facebook. take a listen to their story. >> i found out that i was adopted when i was 5. >> i knew i could not take care of her and give her all that she needed and all that i wanted her to have. >> life for me growing up was very normal. i was involved in lots of activities and sports. >> i got to pick her for family, and i knew that, just bay her mom, i knew she would be okay. her mother would write me a letter once a year and send me pictures. that really helped. >> i received all of those letters when i was 18-year-old. >> dear adoptive parent. >> dear birth mother. >> i want to send you a letter about our little girl. >> we have enclosed a picture and as you can see, she's quite beautiful. >> i just wanted to find stacey because i just always felt like there was some sort of a piece of a puzzle missing. the journey was a quick one. i actually found her brother first through facebook. when i had contacted him, he immediately knew exactly what i was talking

like emily chang. i have about zero percent done.re are you seeing this work in terms of when people are really shopping, it is that changing? >> we saw softness going into the big holiday, thanksgiving through cyber monday. people slow down the week before and the week after, but then picked up again. this we're we did not see that. we saw people shopping all the way through. we were concerned that we might see softness of rob abel shopping beforehand. we're pleasantly surprised to find people continue to shop through and go beyond. we were beating numbers everything will day. oblique, -- presumably, over the numbers last year? >> over the goal. we refer cap the business quarterly, and have a good idea where we're going. >> we should explain what you are first. i have never bought anything from you. describe it for me. >> we are a brand that helps guys figure out how to live fun lives. we have several different areas of lifestyle. we are the intersection of food, drink, travel. dear, style, fashion, grooming, , cars.used on gadgets

>> your questions or so went there, emily. unfair, emily. taxi driver a long time ago in new york. uber in the back of an car. i left the house in a snowstorm and took a cab to my taxi. the cap got out on fifth avenue out onto 360, spinning the snow. i said, you know what, i am not driving in this. it is a reasonable question. capitalism is fair, and it is whatever your customers will pay for. there's a bigger question here about what a developing branch chooses to do. if a developing brand says that he will take however much money what thisand that is cost, that reads a different relationship with the brand. luber is making a calculated decision that they will not alienate people with these things. we saw the people up and down the eastern seaboard who were dedicated to bring users were really brought up about this. i am sure that they permanently lost some customers because of this pricing. to make surething that there are enough cars on the road, but it is enough -- another thing to make sure that your customers trust you. how important i

. >> i'm emily chang. this is "bloomberg west" on bloomberg television, streaming on your phone, your tablet and at bloomberg.com. facebook is getting into video ads as the company looks for new ways to make money. this week facebook launced a limited test program for the videos. select users will select ads for the new film divergent. the ads will play without sound just like videos from friends do now. the sound will only be turned on if the users clicks on the sound. the sound will only be turned on if the user clicks on the ad or makes it a full screen. our editor at large, cory johnson, drilled down into how this could change facebook's advertising business. >> let's talk about how this is going to work. they think they can sell this for a higher price than they have in the price. these ads could generate up to $2.5 million in one day. these would be short ads, 15 seconds. the audio only happens when you click on the ad. the hope is this would be this would be another tool in the facebook quiver of ad

i send it back to you, emily. some breakinghave news.hone surveillance program is probably unconstitutional, we have a ruling. the plaintiff can probably show that this program violates the fourth amendment which is the right to privacy. a gun -- a judge has ruled that it is probably unconstitutional which means a lawsuit can continue. we'll continue to bring any details as we have been but but this could be a violation of the fourth amendment. we will have more of "bloomberg west," after this. ♪ >> welcome back to "bloomberg -- quick update on the breaking news. a u.s. judge has ruled that the nsa phone surveillance program, the one that was revealed by the former contractor edwards noted could be unconstitutional, and could violate the fourth amendment. that is the right to privacy. this means that a pending lawsuit can go forward because this judge has ruled that this program by the nsa is probably unconstitutional. we will continue to cover the story on bluebird television throughout the day. --y tuned for anymore in details as we ha

i'm emily chang. every weekend we'll bring you the "best of west," the top interviews with the power players in global technology and media companies that are reshaping our world. let's get straight to the rundown. a white house advisory panel is calling for significant limits on government surveillance including stopping the n.s.a. from collecting and storing billions of phone records. uber faces some angry customers after surge pricing rates soar in a snowstorm. is this actually the smartest way to charge in an on-demand car service? we debate. and google now owns the cheetah, big dog and other robots from boston dynamics as it buys yet another robotics company, all part of a project led by former android head, andy rubin. we begin with a debate over government surveillance, which took a new turn this week after a report recommending significant curbs on the practice was made public. this report is the work of an advisory panel appointed in august to review the n.s.a surveillance program. the panel

i'm emily chang. the music industry is going through a tremendous change.rtists getting people to those concerts? my partner cory johnson is back to explain. cory? irony, is the great right? apple, pandora, napster decimated the music industry, but they are turning to them for live revenues. these stage set is dominated by a technology driven firm. >> 1, 2, 3, 4! ♪ >> the concert business setting up for a high technology. these days the best show off and is the best stage. it is an arms race and the leading armed dealer is a private company in the heart of amish country in rural pennsylvania. >> these days you build your relationship with your customers in the line of experience. >> justin timberlake, elton john ,u2 -- all have turned to tait. >> we have people who went to airing school. process starts with 3-d modeling on software. on autodesk. they are shipped all over the world, slapped together, disassembled, and shipped to the next gig. the man behind it all is james whitten ferrell. he started it when he was in college. to do it financially responsibl

i'm emily chang. this is "bloomberg west."l users have been able to get into their mailboxes is late monday. they are blaming the outage on a hardware problem. in a tumbler post, yahoo! writes that the issue has been harder to fix then asked active. they have dozens of people working around the clock. new yahoo! mail in october only to be hit by user complaints. discovery networks is the company behind tlc and animal lannett. they are eyeing a possible bid scripps network. edmund lee is with us now. why would discovery want this network? >> he gives them a lot more cable channels that they can take when they talk to distributors like comcast or directv. they can say they have a much bigger lineup with popular content. we want more money for that. it raises the affiliate fee for all their networks. it gives them a bigger package of channels that they can sell. looking to sell? >> there are no reports that they are actively looking to sell full discovery has been looking at them as well as other possible targets. that anyone cou

i'm emily chang.illiam morris and ever will be representswhich sports and models. cory johnson is here. this would significantly alter the landscape of the talent agency world. tell us about the impact we are expecting. >> and this time of changing media, it's interesting that los angeles-based william morris endeavor and new york-based img will be combining. big agents in both worlds, $2.4 billion for the whole deal. models.of my favorite cristina alesci has been looking into this. >> there are too many to count. this is actually really interesting. it affects a lot of different industries. >> you say it makes a lot of sense, one agency buying another . the man who runs william morris and ever has done this before. he combined the businesses and made them more efficient to bring on more clients and potentially having last cost is you are doing with fewer agents. ofs is not the same kind business. img has an agency business but the profitability will come from developing contents, which it has been do

i am emily chang. our focus is on technology and the future of business. let's get straight to the rundown. move over google glass. getting into wearable tech, making all kinds of wearable gadgets. and amazon drones may still be years away, but sparking a revolution? and twitter is trying to get in on snapchat's turf. sending messages on the mobile app. well, congress has been racing to come up with a budget deal by their deadline this friday. we have some breaking news that tonight they have apparently reached a deal, and we are expected to hear any moment. yang, what are we expecting to hear? >> a few details about what this framework might look like. leading up to today, we have heard a lot about a trillion dollar spending almost for the next two years, but we are getting more details about how they plan to make up or those sequester cuts that they will be curbing. according to the deal, according to my colleague, heidi, they would ease sequester cuts in the first year by $40 billion and even by $20

i'm emily chang. i'm on the set with our editor at large, cory johnson. our jon erlichman is inside at the commerce and innovation center. wire going to be covering it all today from how ebay has gone from auction house to ecommerce juggernaut. we're going to be talking about connective glass on the store front and we're going to be talking about ebay's same day delivery service. amazon may have drones, they may be working on drones, but ebay can bring you something in one hour. >> i love this story because it is such an interesting company. people think ebay is one thing and it is something very different. >> right. right. >> i do not think they understand how different this business is. >> so it is really cold and i forgot my gloves. i'm getting some gloves delivered to us. >> how come we're outside. it is 39 degrees in san jose, california. >> let's go inside. let's go to jon erlichman. he is at the commerce innovation center. what is that all about? >> it is a really fun place, quite frankly. i fe

don't lie, emily. >> emily? >> i'm not going to agree. >> that's the truth. they knew it was going to happen. they didn't want to tell the american people so they were purposely trying to be -- say as little as possible. >> the majority of people can actually keep a lot of what they have in their system. >> the majority. there may be as many as a hundred million people. >> it is the majority. >> what about people in america who are struggling just to feed their families. now they don't have health insurance. they are sick. what about them? do they not matter? >> many people can access insurance where they couldn't before and people that are really -- >> i'm sure they can access that. >> in republican states with republican governors who won't take the medicaid expansion. >> what about maryland? maryland doesn't have a republican governor. it's a mess. >> look, they could have done better. no question about it. what about people in their state? they are paying into it. the medicaid expansion is only going -- >> it is a blue state and it is a dard. don't blame

i am emily chang.ollywood stars and a red carpet entrance, not in hollywood, but right here in silicon valley last night. awards for research and innovation and science and kevin spacey by and conan o'brien. $3 million, money donated by mark czar great -- mark .uckerberg and sergey brin i was on the red carpet at the event. for physics.ig win only an hour long. a remarkable thing. i hope hollywood will learn a big thing. maybe all we need is science. >> i preferred this. the average sat score is higher. this would be a fantastic evening. >> you make fun of the. can you make fun of scientists? >> and never. no. they are nerds. of course, you can. amazing these people who are wishing them luck all of the time. --t is the latest on arielle aereo? >> we woill win. >> ketone about the robot stuff -- can you tell me about the robot stuff? >> i will leave that up to andy. >> it has a chance to be transformative over time. >> is good to see the geeks and if you nerds. >> the fundamentals of science and space c

i'm emily chang. we're going to be covering all today from how ebay has gone from auction house to e commerce juggernaut. we're going to be talking about ebay now, their same-day delivery service. amazon may have drones. they may be working on drones but ebay may bring you something in an hour. >> people think ebay is one thing. it is something very different. i don't think people understand how very different this business is. >> it is very cold and i forgot my gloves. i'm getting some gloves delivered to us. >> it is a really fun place, quite frankly. i feel like i'm back at the malls of teenagers. they have got the guitar shop here. i admit, i don't play the guitar like cory johnson. they have the place where you originally do your shopping which is created to touch off some of the technology that ebay has. you can use something like apal, your phone or -- paypal, your phone or tablet. we'll look at how ebay helped transform itself and get ready for the future. >> we'll have much more on ebay busin

>> it was very gratifies. >> bob and emily are not alone. in the penn trials 59 adults and children have been treated for end stage leukemia. 31 experienced complete remissions. of those six saw leukaemia return. the results are preliminary but encouraging. >> this is a different way of treating cancer. it's not a drug, it's energid cells, growing within the patient and attacking cells. >> is this a dream of researchers like you to develop a therapy living on in the body. >> i think that's the main attraction of cancer genes transfer therapy like this is the cells can live on for the rest of your life. >> the results are so promising that the swiss pharmaceutical giant will build a research center. it may fight other forms of deadly cancer. >> meanwhile emily whitehead returned to school, a smiling and healthy 8-year-old. bob levis is pruning his plum trees and taking on consulting work, his cancer behind him. >> it's amazing. amazing that something can happen that quickly. a miracle, just a miracle. a year ago i thought i would die. i was p

i'm emily chang. our focus is on innovation, technology, and the future of business. let's get straight to "the rundown." twitter is on a tear, soaring more than 25% in just the past week and topping 75 -- $75 a share or the first time, all of this for a company that has not yet turned a profit. and caught trying to game google search results. now out in a cold with links for the website buried below even its wikipedia and facebook pages. and amazon and other web retailers fail to make good on christmas delivery promises. shippers cannot keep up with the onslaught of last-minute orders. we ask who is really to blame. first, to the lead. a christmas search for twitter as the stock topped $70 a share for the first time today, soaring more than 20% just this holiday week. shares rose another five percent today and are now up substantially since the ipo last month, giving twitter a market cap of more than or $.5 billion, greater than the market caps of long-established companies like delta airlines, best

i want to thank emily ethridge for joining us. emily ethridge is on twitter, @cqrcemily. thanks so much. guest: thank you. host: up next in our weekly "your money" segment, we will turn to a key federal whistleblower law. but first, a news update from c- span radio. >> it is 9:16 a.m. eastern. the federal authorities have begun their investigation into yesterday's new york city commuter train crash that killed 4 people and injured more than 60 others. the national transportation safety board says investigators would spend up to 10 days looking at all aspects of the accident that turned over 7 cars and a locomotive. way, wasotive, by the right this morning. "the hill" writes that the house could act in a flurry of by partisan deals or it could head home for the holidays and beheaded. negotiators tried to finish conference reports on the budget am -- head home for the holidays empty-handed. negotiators try to finish conference reports on the budget. a likely scenario is 1 or 2 of them will be kicked over into the next new year. epa administrator gina mccarthy is making chin

i'm emily chang.ase payments business is clearly booming, the core of the company is still in its ebay marketplace. as more retailers office -- offer their own marketplace, how are they making their marketplace better? jon erlichman is back with more. >> you are right about that. the marketplace is more than half of the revenue. two thirds of the operating income. the guy who runs the business -- i found myself wondering what he was buying this holiday season. >> game consoles -- lots of them for my kids. the world's biggest store. >> i asked that because you are obviously data-driven. what can you tell us about what the average customer is buying? are there any major differences between players out there? >> the amazing thing is that it is the world's largest store. it is over half a billion items for sale. there's not a particular thing that people buy. it becomes very deals driven around the holidays. it is electronics and fashion oriented. particularly since thanksgiving, we have seen a lot of ele

meanwhile, emily has returned to school. a happy smiling eight-year-old. bob plefs is pruning his fruit trees. the cancer behind him. >> it's amazing that something can happen that quickly. a miracle. just a miracle. here i go, i thought i was going to die. i was preparing to die. now, i'm planning forward again. enjoying friends and family. >> so bob levis, like so many others in the penn trial, is back in the saddle, looking ahead to a healthier life, and no longer staring at the end of the road. >> correspondent chris bury tells us that bob levis has now been cancer-free for nine months and little emily whitehead she's been cancer-free for 20 months. >>> to get a better idea of what the treatment is involved, we turn to michel liguin. we appreciate you being with us. this is not a treatment for even every leukemia patient? >> not yet. this technology has focused so far on one particular target called cd 19. and so it is relevant to several luke keep yas, in particular the acute lymphoblastic leukemia in your piece. >> it has to be very serious before it

i'm emily chang. jon erlichman is inside. we will cover it all, from how they have gone from an auction house to a juggernaut. we will talk about their new glass and we will talk about their service. amazon may have drones, but ebay can bring you something in one hour. >> this is something that is interesting. people think ebay is one thing, but it is something very different. i do not think they understand how different this business is. >> is really cold and i forgot my gloves. i'm getting some gloves delivered to us. >> it is 39 degrees in san jose. >> let's go inside to jon erlichman. what is that all about? >> it is a really fun place, frankly. i feel like i am back at the mall as a teenager. they have a guitar shop. i do not play guitar like cory johnson. you see a place like where you would do your shopping. it is creative. there is this whole changing retail space where you can now use paypal or even your phone or tablet. there is a clothing store right here and we're going to go into an in-de

i'm emily chang. now to a major deal in hollywood.r lake management has agreed to pay $2.3 billion to acquire talent agency img. they are doing the deal on behalf of william morris endeavor entertainment. why are william morris and silver lake making this deal? >> i have some exciting news. this has a lot to do with professional sports. this is a business that represent pop music talent. you just awesome images of taylor swift. but you are also seeing images of peyton manning, an img client. there is a real battle to being big in sports and hollywood. caa, one of the rival agencies, rd has a big sports arm. they were in bidding for the img business. real relativity also has a big sports arm. sports is when of the biggest names on television. that is why people keep watching television. it has a lot to do with wme expanding its empire. >> ari emanuel runs william morris endeavor, what can you tell us about him? >> fans of a show like entourage know the character of ari gold. it is based in part on emanuel. he sees the opportunity to ex