emily chang is with dr. malcolm thompson. emily: dr. thompson, thanks for joining us. are going to be running this new center. you are the former cto of xerox. using a number of technologies developed over the years, probably seen the relationship change between silicon valley and the government. give me some realistic examples of where we will see what you are working on in military applications. >> imagine putting a thin-film film of electronics all over an aircraft wing. you stick it to the outside of the aircraft wing and it measures stresses in the wing. you look at the plane and the wing flaps. it better be flexible. emily: when will we see that? >> very soon you will see some thing like that, in the next year or two. there are some examples we saw in the announcement when the air force brought some wings with some of that stuff on it already. emily: they also talked about incorporating sensors into military uniforms, for example. a company like apple, as part of this partnership -- what does a company like apple contribute to this? >> every company contributes di

emily chang sat down with him. emily joins us from mountain view, california. emily, tell us all about the event. mily: the u.s. defense secretary is meeting with a number of different cyber security c.e.o.s. and the real thing that he is trying to accomplish here is to rebuild the relationship between the pentagon and silicon valley to recruit engineers who want to work for the government to change this perception that silicon valley leaders have, that they have to protect their users from the u.s. government given this is the post-snowden revelation era. he's scouting new technology. he talked about google and drones and things that facebook is working on. this is a secretary that only has 16 months left in this administration. why should these leaders commit to him now? what will be tangible proof that his efforts are working? take a listen. >> we'll be making partnerships and direct investments as we have for decades going back to the era of jet engines right up integrated et and circuits. we can be a technology leader if we partner. emily: you understand t

♪ >> i am brad stone for emily change. thisly is "bloomberg west".hat is keeping bill gurley up at night? but and how investor fear may influence silicon valley. and i will be joined by a videogame executive whose tournament sold out this weekend at madison square garden, all of that is ahead on "bloomberg west". now to our lead. epic stock selling across the globe, the biggest weekly losses in four years and technology is getting hit hard, amazon, google, facebook were tumbling and apple is entering a bear market. in the nasdaq, extending its biggest drop since 2008. they fear private tech companies could face a similar fate. benchmark capital's will gurley warned ceos to prepare for tough times. i sat down with bill to get his response to the selloff. >> we are seeing a shift, we have been for the past 12 months, we have had internet investors, on the scale they have been pegged to the right rails. the only way to go is down. whether it is the chinese economy, it has caused them to drift to the center. >> if the negativity is around the chinese eco

emily chang of bloomberg west. apparently it is not easy being a millionaire.lionaire behind minecraft says he has never felt more lonely, even walking out with celebrities. ♪ betty: welcome back to the bloomberg market. let's get to matt miller. one big stories that we look to mb. continuing our cli matt: 16,000, 609 level on the dow. it is more evident from my imf, if you come into my terminal and take a look at this bloomberg function has been one of my favorite functions since we developed it right it shows you a picture of the entire s&p or whatever index you decide to put in here. this morning when i pulled this up and was red across the board. and only a tiny bit of green and health care. well.s starting to do we can take a look at oil and you can see we have had an amazing rally in the later part of the trading session so are -- so far. here is what you see, because most of the members of that index are producing oil and trying to sell it. 4755 a barrel -- $47.55 a barrel. opec cannot a statement saying that it is now going to talk to other producers ab

secretary carter will be sitting down with emily chang, so you will not want to meet up. let's start with a look at the markets. stocks have been drifting between gains and losses after coming off two days of huge upswings. you can see on the board that the s&p 500 and the dow industrials are now lower. the s&p is down right now just over a 10th of a percent at 1984 , dow jones industrial average falling this afternoon as well, down over a quarter of a percent at 16611. nasdaq on this friday in the green. it is up just slightly at 4815. oil is extending this week's gains, nymex crude is up. look at that, up over 7% today. over 6% today,up trading at $50, $.50. you can take my terminal if you want, at the s&p, you're looking at just a one-year chart along with the 50, 10, 200 day moving averages. i am chatting with some people on the terminal about the short-term averages crossing below the long-term averages. at the same time as we are seeing that, let me go ahead and pull up a chart of crude oil. see you cannot see it as well. let museum in on the last couple of days. yo

erik: that was emily chang speaking with mark andreessen.with glaciers melting and temperatures rising globally, president obama is spending three days in the ark that where he will advocate for aggressive action to fight climate change. andsenior adviser on energy climate change is with us. brian, good to see you again. what message does the president hope to send with his trip to alaska? >> the president will be heading out today with a simple message. climate change is real, it is being caused by human activity, and we have a national and an international responsibility to a dress it. at the same time, because of the ingenuity and innovation of the american economy, we have an incredible economic opportunity as well so we can address this in a way that is good for businesses in american families. he will talk about the need to act and the opportunities we have here as well. i am sure there are alaskans who share the president's concerns for climate change. most alaskans need to balance the president's concerns and his legacy, with their v

emily: [laughter] dave: they have to change. they cannot keep doing what we are doing it. ily: we are definitely continuing together. dave, jeff, you are sticking with me. coming up, google unveils an archenemy for twitch. we will tell you about the battle for the most gaming viewers, next. ♪ emily: breaking news -- workday shares are rising in extended trading. the company reporting a better than estimated quarterly revenue, saying it has surpassed its recruiting goal. shares are up 4% right now. it is google versus amazon in the fight for gamers. today, youtube officially launched a standalone site, youtube gaming, a platform for people to watch live streams of other people playing video games. it is a direct competitor for twitch, which amazon paid nearly a billion dollars for. with me to put it in perspective, jeff and dave. and from l.a., lucas. lucas, talk to me about you to gaming -- it does not cease to amaze me how many people like to watch other people playing games, but this is a huge market. lucas: yeah. gaming is the second or third biggest topic on youtube aft

emily chang spoke with the ceo, daniel zhang.us the big take that he gave you about the chinese economy and this recent move with the devaluation. emily: shares are slumping right now, there is a big concern that they missed estimates. 34%.e expected to grow this was a suspension of their online lottery business. they said that otherwise, they would have beat or at least met expectations. i asked how concerned he was about the devaluation, and he expressed confidence. daniel: people come here not only for shopping purpose, what for lifestyle. are confident in long-term growth. we will continue to mostly monitor consumer behavior and the chinese economy as a whole. but we are confident in the growth. just do a bigd china, sothe us by of they're hoping to reach a lot of people who are not online at all . they are reaching out to people in rural china to diversify the business. the experts are pointing out to us that there is still so much room for potential. they are not concerned for alibaba specifically. what was interesting is t

i want to thank emily chang and hugo barbara, great guest on emily's part consider last night shocking news. changing the name of the company. pimm: still ahead, hack attack. ciber the allegedly stealing corporate press announcement before their release. then trading on the information. details ahead. ♪ matt: the morning. i met miller. pimm: i am pimm fox. -- i am matt miller. right now the dow is down 200 points. down 208 points to be exact. down 1.8%. the s&p 500 down nearly 1%. the nasdaq down by one -- .1 percent. for the dow, the biggest loser for the day, lower for the first time in the past eight sessions. yesterday we did see the green. if it did spark concern across the global market that the world's second-largest economy is headed for deeper slowdown. to individual stocks. this is the u.s. maker of cranes and construction machinery. it is of more than 20% on the news it has agreed to combine with finished competitor to make a new company worth $10 billion in sales. at $30l values one share 19 cents, nearly 40% premium monday.re terex closed also in tech news. revenue, profit

emily: the domain business is changing the we spoke with the ceo of go daddy. listen to what he said. >> this phenomenon, some of the top ones are. club,. guru, those are things that are growing well. emily: obviously there is a lot of choice for domain names. .com is king. how long does that last? >> i think it is over. i believe monday was a game changer for all the new domain names. everyone knows now what is xyz. they know of domain names as a whole. there is competition and choice in naming options. no longer do you have to get a long domain that doesn't make sense. you can get the. xyz you have always wanted. we are seeing this phenomenon all over the world. emily: i wonder with the rise of mobile how in demand domain names will be. thank you so much. congratulations on the apple bet winner there. that does it for this edition of bloomberg west. tomorrow on the show we will bring you my interview with erin levy. don't miss it. ♪

emily: is there a sea change in hollywood right now?o content creators and actors feel about netflix? is all the momentum moving in netflix's direction? anousha: one of the things that look has proven it can do is remote a movie or tv series. it has been doing that more on tv series. shows like "house of cards" are so part of our culture now. we have seen with tv many a-list actors going to tv, where it used to be shunned in favor of movies. netflix is in a strong position. amazon has joined it in this move towards originals. we are seeing netflix wanting to do oscar-worthy films. elba,ave one with idris which will be making a slash at film festivals in a couple of weeks. emily: brad, what are you going to be watching in terms of signs to see if netflix can keep it up ? does it all come down to whether they can come up with another hit? brad: you have to look at subscriber counts. they are focusing on global distribution. they are just rolling out in japan. it is their first. asian country -- first asian country. homesre in 41 million r

we think that technology can fundamentally change that equation. emilymany companies are working to change the way consumers move money internationally and paypal is one of them. with operations in 203 countries, the company is expanding, and tackling regulatory challenges in markets all over the world. >> what we do in one country will not always be the same in another. we keep the data in countries. you have to set up servers and data centers within the country in order to operate. so just the operational impact can sometimes be quite extensive. emily: in 2014, paypal expanded into 10 more countries, capitalizing on a potential 80 million users according to euro monitor international. this year, the company leapt into the international remitted assistance by requiring san francisco-based money transferring, acquiring the san francisco money-based transferring company xoom. expansion into developing markets is crucial to paypal's long-term growth. >> the xoom acquisition is a great example of the broad reach of that payments are making. there are a lot

i'm emily chang and this is "bloomberg west." the stripe ceo joins me to talk about the company's $5 billion valuation and taking on paypal. the ceo of github with more on the future of open source. first to our lead -- a stock we are watching -- shares tumbling to the lowest price since the ipo two years ago, pushing twitter below $28. this has been a steady march down after the comments from the interim ceo, jack dorsey. julie: it is going to be a long process for the company. we did see them touch an intraday low and record low. the slide was set off by the earnings report that the slide also began when you saw it fall off a cliff earlier this year at the last earnings report, when the company was cautious on its outlook. twitter has had a hard slog for a long time, down about 18% year to date and touched the lowest price since its ipo. we will see if it indeed is below its ipo price. sentiment surrounding twitter is not strong right now. one thing that did surprise me is the short interest is relatively low. even though peopl

. ♪ emily: i am emily chang. west."bloomberg jack dorsey buys shares of the company and tweets he is investing in "twitter's future." and, we hear about the hottest domain names you may not expect. a first for mankind. astronauts grow food in space and what it means. all of that is on "bloomberg west." shares dropping for take two. the maker of grand theft auto misses on shares and beats on revenue. joining me is cory johnson. joining me now is the coo of superevilmegacorp. cory, what is standing out to you from these earnings? cory: we are looking at how they are setting themselves up for the sweet spot in the console business. we know the games are well loved and it goes beyond grand theft auto. what we have seen is sales are very strong. we are going from the xbox one and playstation 4 almost doubling in one year. take two is important because they are going into a larger market. none of the release dates seem to have slipped. the games are seeming to do quite well. at this point in the game, the earnings per share i

emily: i'm emily chang. this is bloomberg west. salesforce ceo tells me he has seen danger ahead for unicorns. as netflix shares bounce, tech leaders fireback on immigration. first to our lead. in other wild ride in the markets for u.s. markets erasing gains made earlier in the day. tech stocks faring better than the rest. straight to matt miller for the latest action at the close. matt: apple, netflix, facebook, amazon, best buy, these were the big winners on the s&p adding fractions of index points at the close. close. we were up 3% on the s&p after the huge drops we've seen in the last five trading days in the tech stocks out rally after the close. old economy companies like gm, merck, johnson & johnson, those companies along with microsoft, which some would think it is an old economy as well, way down on the index. [inaudible] [no audio] we were up 3% on the s&p after the huge drops we've seen in the last five trading days in the tech stocks out rally after the close. old economy companies like gm, merck, johnson & johnson, tho

emily chang in san francisco joined by mr. patel in the ceo. >> thank you very much. doing this. until recently you guys were competitors, right? now you are working for this guy. what is that like? >> it has been 24 hours. i will find out soon enough. is to makenitiative it as a platform succeed. what does that really mean? >> for the past 16 years we have been building out a platform. applications can be developed on top of the platform. they have come on board to help build out that part of the business, which means we will work with the 47,000 customers. partners like ibm and accenture and rodriguez. next-generation enterprise applications. mily: you want customers to realize you can build apps on top of that? >> yes. emily: you have been in this application for 20 some years. what makes you think it can succeed? >> the majority of businesses getting built that are much more interoperable. if it bothered you, as a start up you would build a naphtha never worked. to partnera way is with millions of technology that with the world. the platform as a service is a fund

matt: thank you, emily chang. now back to one of the big stories.act capital management has acquired a billion dollars stake in american express. they are pursuing shareholder friendly changes. beth jinks joins us now from san francisco. what are shareholder friendly changes? >> we don't have any details yet. we know that a billion dollars stake in a company is a sizable position for valueact. they will be looking at whether they will push for changes behind the scenes. matt: amex recently lost cosco, was sued for not informing its investors how important costco was to its revenue. i believe it also lost a suit that would have allowed it to continue to charge higher rates. can you walk us through those issues? >> both of those issues caused the stock to go down quite substantially. i have spoken to a number of hedge funds in addition to activist funds who look at this as a short-term low. many saw this as a buying opportunity. since we published it today, investors have reached out and said they do both of those and overreaction is a buying opportun

emily: as i understand it, you designed the very first paypal logo that they still use to this day. is that correct? chad: i think they have changedt over the years, but yes, i was responsible for logo design, website design, the app. emily: do you see your design in the paypal logo today? i mean, it is an iteration of what you did, right? chad: yes, of course. emily: what determined how everyone in the paypal mafia ended up going their separate ways and how did you and steve end up together? chad: after i left paypal, i would meet up with steve and a few other engineers. we would meet for coffee on university avenue. and everyone had at that time a digital camera with video mode. this was right before cameras took off in cell phones. people had video files on their desktop that they could not share, including ourselves. how could we make it as easy as sending an e-mail? that was really what inspired us. emily: this is 2005, before smartphones, really, before high-speed internet was the norm. how difficult was it to get this off the ground? chad: i think because we knew nothing about video, we were not scared about getting into it

olivia: that was emily chang speaking with marc andreessen.t company of bloomberg television is an investor in his company. still to come in the next hour, the economist who changed his 15 allte call from 2000 the way to march 2016. ♪ alix: welcome to the market day. when will the fed raises rates? that is the question on everyone's mind. untilay it will not come march 2016. behind what is samsung's incredible plunge? alix: we look at the future of tennis. adults are increasingly staying off the court, but the kids are taking to it. ♪ olivia: good morning. welcome back to the bloomberg market day. minutes into the trading day in new york craigslist that you look at where u.s. markets are trading right now. we are all session lows, but the outcome of the nasdaq, and the s&p all firmly in the red.

betty: that was bloombergs emily chang speaking with hugo barra. on that note, i'm signing off.e will continue with the google theme. more of the big changes at the coupling. we will discuss how out of that could help the ceo move forward and in still more difference one -- and still more difference in the tech giant. more in a moment. ♪ mark: welcome back to the "bloomberg market day." i am margaret did in new york. white house chief economist martin goolsbee has a message for the federal reserve -- take your time. he was asked if the fed would start raising interest rates next month. martin: the fed wants to raise the rates. they have wanted to raise the rates for a long time. they're going to try and find a way to do it. i don't think it is warranted. i think the economy is not growing that fast, china's slowing down, europe is a disaster. so what is the big race to speed up? being --icymakers of have been saying they will raise interest rates for the first time in nine years. a lawyer for bobby donald says he will appear -- appeal his corruption decision to the u.s. supreme

defense secretary ash carter speaks with emily chang about building a better relationship and the tech immunity building robot soldiers. is there a cyber security bubble? and the pentagon unveiled a plan for high-tech flexible electronics. all that ahead on "bloomberg west." first, to the lead. ash carter said he has a lot to learn from silicon valley. secretary carter is in the valley trying to build a strong relationship with the tech community. down with carter for an exclusive interview. emily joins us now. tell us all about today's event. will be speaking with mark andreessen. the thing he is trying to accomplish is to rebuild the relationship between the pentagon and silicon valley to recruit engineers who want to work for the government. and change the image that they have to protect users from the u.s. government given that this is a post-snowden revelation area -- era. drones.d about keep in mind this is a secretary that has 16 months left in this administration. why should they commit to him now? take a listen. >> we will be making investments, private public partnerships and

emily: i'm emily chang. this is bloomberg west. hassforce ceo tells me he seen danger ahead for unicorns. bounce, techares leaders fireback on immigration. first to our lead. in other wild ride in the markets for u.s. markets erasing gains made earlier in the day. tech stocks faring better than the rest. straight to matt miller for the latest action at the close. apple, netflix, facebook, amazon, best buy, these were the addingners on the s&p fractions of index points at the close. we were up 3% on the s&p after the huge drops we've seen in the last five trading days in the stocks out rally after the close. old economy companies like gm, merck, johnson & johnson, those companies along with microsoft, which some would think it is an old economy as well, way down on the embe index. now we are in in a situation where today is the sixth trading day. the dow jones industrial average was up 540 points. slowly chipped away at that gain until we finished down at a loss of 200. it is anybody's guess as to what happens tomorrow. maybe they t

. ♪ hi there, i am emily chang and this is emily: -- -- and we aret" looking at square.pple developing a self driving car sooner than expected. and comcast is planning a new digital video service, all of that is ahead. first, to the lead. it has already remaining -- tesla is raising money, they have expanded and offering to raise $140 million more than they already have. what will they spend it on? why are investors excited? . am joined by panelists start with why are people so excited? >> the reason they are spending this money, they are sending it for growth on a model three, investment in the model, the other factors, people are looking at this and they say that this demand for the -- sends agnals strong signal to the market that growth is coming down the road and people are excited. emily: the same time, eric, they made it clear that they will not be able to make as many cars as they thought they were going to make this year, isn't that cause for concern? >> the development of a vehicle andcost a billion dollars takes many years. it is not just for the current enviro

emily chang is with us now from san francisco.usly, this is a serious for alibaba.hang, did he say anything more concrete about the chinese economy? it feels like it's slowing down a lot more than the government is admitting to. emily: we talked to a lot of experts about this, and they say the vast majority of people in china are not exposed to what is happening. withba just did a big deal basically the best buy of china, the biggest deal they done to get to people in rural china, people who are not exposed to equities, and a lot of people point to the potential for the chinese consumer class to continue to get online. deal will connect them with people off-line for now, but ultimately, those people will be online at some point. when you look at the big picture, it seems to be a big concern for a lot of people. he's maintaining confidence, but said it is something they will continue to monitor. think we will see bigger deals? the chinese government is starting to pull out every rabbit of the hat it can find to brace the economy. i

matt: emily chang is standing by in mountain view, california. set the scene for us.e the research center where they test all the helicopters for this place. the secretary will be landing in about 35 minutes. he will speak to us first, then go into a two hour meeting with various silicon valley leaders. we know venture countless -- venture capitalists will be there. also various cyber security ceos. the purpose really is to rebuild a broken bridge between the department of defense between the u.s. government and silicon valley. if you go back to before the vietnam war, there was a very strong tradition of technology and information sharing between these communities. over the years, silicon valley has become the plays were the most innovative technologies have been produced. in the post snowden era, there's a lot of suspicion about a government. mark zuckerberg has said the u.s. surveillance is the biggest threat to the internet. they do not want to work with the government i do not want to cooperate with the government. they think of it as a place that is old and stod

emily chang got reactions from former head to bavaro. spoke with emily through skype from beijing. hugo: i think the technology community is enthusiastic about this. very enthusiastic. i think what larry is building is the most amazing business platform that has ever existed. given its potential to invest and especially given their ambition. there is no one in the world today, or maybe there's a handful of people in the world today who are as ambitious as larry. very excited about this. emily: he should be running google so he can focus on the future of humanity. take me as i the minds of larry page answered a brand. why are they doing this? for: they're doing it reasons they've stated from the very beginning. they are here to build a technology company that can change people's lives. i think they are best at that. but they are better at that than a running day-to-day operations of any business simply because them in particularly larry, there are very few people like them in the world. is a producte who guy, one of the best technology ex

. ♪ emily: i'm emily chang and this is "bloomberg west."ould apple be planning to roll out a new tv set boxtop in september? $10 billion wiped off samsung's market cap in the last month. what the company could do to improve its smartphone business. expedia shares hit its highest value since it spun off. i sit down with the company's cfo to talk about competition from google and airbnb. first our lead -- microsoft is considering an investment in uber at a valuation of about $50 billion, but a final decision has not been made. microsoft declined to comment but, uber recently bought a portion of microsoft's bing mapping unit from the software giant and they are integrating uber into cortana's voice control assistant, which means you can sync with microsoft devices. christina bass is on the phone. with me in the studio is hunter walk, who will be my guest host for the show today. also, technalysis research founder bob o'donnell and crawford del prete. thank you for joining us. dina, i will start with you because the "wall street journal" is rep

i'm emily chang. this is bloomberg west. comcast and nbc reach for a younger audience with buzz feed. social media is ripping up the election playbook. all of that ahead on bloomberg west. first of our top story. turmoil returns to chinese markets. top investors are dumping stocks. 6% wiped off the index. the tech heavy index faring worse. 7% down, adding drama to what has been a rocky summer. how worried should tech investors be? how will global tech be impacted? i am joined by u.s. economist karl, we had been talking about chinese tech companies. what about global technologies that have exposure in china? guest: the question is how far is the currency going to be moving? you need to evaluate whether it is their cost basis or predominant sales market. producers who are domiciled in mainland china are going to be much more competitive. that could be good news for them. that is a key reason why china is allowing the currency to fall to stimulate the export sector. both tech companies and other mainline companies doing busines

emily: i'm emily chang. this is "bloomberg west." coming up, salesforce ceo mark that he off -- mark benioff tells me he has seen danger ahead for unicorns. as netflix shares bounce, tech leaders fireback on immigration. all of that ahead. first though to the lead. another wild ride in the markets erasing gains made earlier in , the day. tech stocks faring better than the rest. straight to matt miller for the latest action at the close. break it down. matt: apple, netflix, facebook, amazon, best buy, these were the big winners on the s&p adding index points, or fractions of index points at the close. we were up almost 3% on the s&p after the huge drops we've seen in the last five trading days in the tech stocks helped rally after the close. old economy companies like gm, merck, johnson & johnson, those companies along with microsoft, which some would think it is an old economy as well, way down on the index. brought us to a loss of 1.3% at the end of the day. now we are in in a situation where today is the sixth trading day. innovaro

i emily chang, and this is "bloomberg west." tinder's twitter meltdown ends with a ceo swap, but will global leadership change fix its pr nightmare? tesla comes up with a plan to make investors happy. all of that ahead. first to our lead. samsung doubling down on big screens, announcing two new today. both have a 5.7-inch display, slightly bigger than the 65-inch display on the iphone plus, and they work with a new mobile payment is to, but will these products help samsung take on apple and rising chinese competitors? a strategy analytics director who covers smartphones joins us be a skype from london and we also have these of posco global head of innovation. visa is partnering with samsung on its mobile payment system. -- we also have the set -- we global head ofs innovation. the phones are almost identical, except the edge has this wraparound screen. the note has a pen. what stands out to you? out is thelly stands wraparound screen. two screens in one phone. a big screen on the front and a smaller screen down the side. for the

i'm emily chang and this is "bloomberg west." paypal makes its first acquisition since breaking off from ebay. it's a startup named modest. i speak with a cofounder. messaging act -- messaging app cofounder tells us why it is that we chat of the west. and it's taking the reality tv world by storm. bitcoino our lead -- facing something of an identity crisis. the developers released a software upgrade called bitcoin xp over the weekend designed to help bitcoin process more transaction as demand and activity go up. supporters say without this upgrade, bitcoin will hit a bottleneck sometime next year. even know there are plenty of a lot of the bitcoin community has already installed the upgrade. our bloomberg reporter has been calling -- has been following this for us. i want to start with you -- what is bitcoin xp and why do developers see such a need for it? the whole conversation centers on how does bitcoin scale? supporters would like to see it grow as big a platform as lisa. happen, some of the technical terms have to change. --

in emily: what are you seeing at the earlier stages? are you seeing a change in the number of companies to pitch you? a change in the quality? shifted, i would say four or five years ago. at my bottom line is how do i grow revenue across the company, whether it is business and sales, whether it is hired and then thousands of engineers that are hired, or more recently, marketplace for educational content -- they are rocketing from revenue perspective. we can create value for customers and we will be rewarded with the right investors investing the right valuation. your point about numbers -- we still see a pretty crazy amount of outflow. we are just out of the batch of 104 companies, and the valuations are very solid. emily: not expensive? jeff: there is always a premium -- emily: what about in general? jeff: in general, everything we s will have ay grounds of 2,000,000-3,000,000, with some commanding more. $2 million-$3ollars-$3 million or commanding some more. that is pretty unique. there is a lot of maturity, and there was the marking nature of this batch. a

♪ emily: i am emily chang and this is "bloomberg west."et places that on who is going to run a twitter. will we get an answer next week? apple developing a self driving car sooner than expected. we will look at the guardian report. and comcast is planning a new digital video service, all of

[laughter] emily: when and why did you change your name to kim dotcom?im: i bought the domain, kim.com. i thought it would be great if my name was kim dotcom, so if anyone wants to know anything about me, i do not have to hand them a business card or anything. they can just go to my website. it is all there. emily: take me back to the start of megaupload. kim: i was a street racer. and i was make great videos about that and shared that in the street racing community, on the forums. the file sizes kept getting bigger and bigger, and you could not send large files over email, so i wanted to solve that problem by creating a server where you can upload a file, get a unique link, and then e-mail the link to the people you know. it was just a convenient solution to a problem that is still relevant today. emily: how quickly did it grow? kim: instantly. it was massive. within weeks we had to buy additional hardware, additional servers. no single penny was spent on advertising. the thing just got its own life. emily: at its peak, 50 million daily users -- kim: ye

: i am emily chang and this is a special bloomberg west to delivering alphabet. coming up, what is possible? look at new financial options. see alphabet make big-ticket acquisitions. how much is running on moon shots. is extending human life even possible? first let me tell you about alphabet. -- alphabetcompany is all that we once thought of as google it separated into units. there is fiber, the cable internet provider, calico the bio firm trying to cheat death. andures the investment firm alphabet, home of the moon shots. the core moneymaking business still lives as google. some are calling it classic google. and it is include search and ads and youtube. by pichai.eing led chai launched chrome who took over android operations and recently almost all of consumer android products. joining me to discuss how we can accomplish big things is brad stone, and ben leg. what is possible? what can they do now that they could not do before? >> arguably nothing. >> ever since larry was appointed ceo of couple of years ago, he has shown a little bit face for the grittier res

♪ >> i am brad stone for emily chang and this is "bloomberg west".ng bill gurley up at night? and how investor fear may influence silicon valley.

. ♪ emily: i'm emily chang. this is bloomberg west. a record, $.10 records profit.of a smooth transition for john chambers to chuck roberts. tender pr goes after vanity fair.

♪ emily: i am emily chang and this is "bloomberg west."all street places that on who is going to run a twitter. will we get an answer next week? apple developing a self driving car sooner than expected. we will look at the guardian report. and comcast is planning a new digital video service, all of that i had on "bloomberg west." first, to the lead. tesla is raising money, they have expanded their offering to raise $140 million more than they already have. what will they spend it on? why are investors excited? i am joined by our panelists. i want to start with why are people so excited? >> the reason they are spending this money, they are spending it for the growth on the model 3, they are seeing this and see this pent-up demand for their products. that sends a strong signal to the market level of growth is coming down the road. that is why people are excited about this. emily: the same time, eric, they made it clear that they will not be able to make as many cars as they thought they were going to make this year, isn't that cause for conc

i'm emily chang. this is bloomberg west.and nbc reach for a younger audience with buzz feed. theal media is ripping up election playbook. all of that ahead on bloomberg west. first of our. turmoil returns to

matt: i'm matt miller for emily chang in this is "bloomberg west." salesforce boost its profit forecast and elon musk hyperloop taking two steps closer to becoming a reality. we take you to the world's first solar powered airport. all of that and more on "bloomberg west." lead. to the hp shares are sliding as they issued a profit forecast missing estimates. they are being hit hard by islam in pc business and its revenue in personal systems dropping 13% year-over-year -- they are being hit hard by a slump. what are we learning as they prepared to split into two? cory johnson is here with me and we also have idc chief research officer on us with skype. think about hp results? disappointing, but is there a silver lining? the results were mixed. if you start digging and you do see some areas where the company clearly has issues. they saw a real cause particularly on consumer down 22 percent. we expected that in terms of people waiting for windows 10. if you did get into the enterprise group, there they saw significant improvement, if you will, in storage