he's one of the few guys like evan williams and jack dorsey who i go on weekly walk and talks with.uestions. i mean, it's a completely different landscape than 15 years ago. we're all mobile. we're all social. it's not what it was. so we designed a better way to ask a question, and that's what jelly is, and i can get into the specifics of how it works. >> charlie: explain it to me. well, the idea is -- you know, first of all, you've heard of the six degrees of separation. >> charlie: yes, i have. they say it's now four because of social networks and mobile phones, it's just unbelievable. what gel is does is it -- jelly does is it uses photos, locations, maps and most importantly people from all your social networks measured together in one big network. it goes out not just one degree but two degrees of separation and to real people, your queries are going to real people. and those people, they either know the answer or they can forward it to someone in their social network. >> charlie: what happened to you and evan and jack dorsey? this story has been told often, but what was the co

jack dorsey and evan williams. >> there was a birthday party and i forced them both to come.ng is, they are so similar. they are both quiet, soft-spoken, speak when spoken to types. and without me in the middle, it would just be like, two guys. >> who will play you guys in the tv show? [laughter] geez, i have no idea. i do not even know if that'll be a thing. who knows? it could be a cartoon. >> a cartoon about twitter sounders played by a dog. something -- well, i would never watch that. all right, it is not a cartoon but we will show you some very interesting animals, like a kangaroo, coming up. on "lunchmoney." ♪ ♪ >> available on your iphone, we are streaming live at bloomberg.com. we are all over the place. this is "lunch money." i'm matt miller in for adam johnson. today's video is the picture that is the story. investigators believe they are closing in on the malaysia airlines jet. search crews have picked up signals consistent with those emitted from the plane's black box flight recorder. australian officials heading up the search efforts and said they are optimistic

is an idea i had with my mine.der, a friend of he is one of the few guys, like jack dorsey and evan williamsho i go on weekly walk and talks with. we might joke around and we might talk serious and we might have grand ideas. it was one of those things. years, no one has completely reimagined the way we get answers to our questions. it is a completely different landscape than 15 years ago. we are all mobile, social. it is not what it was. we designed a better way to ask a question. that is what it is. >> explained to me. >> you have heard of the six degrees of separation. they now say that is watch out -- four. jelly uses photos, location, maps, and people from all of your social networks mesh together into one big network. it goes two degrees of separation. people, they either know the answer or they can forward it to someone in their social network. >> what happened to you and evan and jack dorsey? this story has been told often. what was the conflict? >> it was not a conflict for me. if anything, i am in the middle. i meet weekly with both of these guys. be, not justem to dear friends. i r

>> i go to jack dorsey and evan williams. costolo.k is a must been serving as my executive coach at this point. he has grown so much in the last four years, it is unbelievable. we meet every wednesday socially. questions -- very specific questions. would do inwhat he this situation. sometimes a specific and sometimes very high-level. and talk. a walk sometimes we just joke around. nick interesting because felton spoke about twitter really questions a lot of the assumptions about the founding of twitter and what we are to .ew -- and what we already knew he is more of a marketing genius. how do you respond to that? very talented at marketing. look at square. it is just taking off. >> what about products? >> he's greater product. he is an artist at heart. aboutnks for a abstractly product. maybe that is where the , because when he first described square to me, and i invested in it, which i am very glad about, he talked about payments. why payments? payments are a form of social interaction. we do it every single day. we look another pers

the nonsellers that were announced, evan williams and jack dorsey, they control 4% of the company. the key venture capitalist 5.4%. let's add these together. 20.2% of the stock. 20.2. you also have to believe that these four shareholders are powerful enough to intimidate other holders into not selling. that means the short position in twitter is now way too big for the float on any good news. like acceleration sales maybe or something that's a distinct possibilities. the way the stock traded lead lots of people to believe we were experiencing a twitter-lead rally. a new leader that was the biggest decliner and down 30% for the year and suddenly enough is enough. i think we saw enough of this enough is enough rallies just the past week. so i can't be saying it here even after today's bullish action. however, yesterday's move felt like it had a bit of news associated with it's leader and the possibility that interest rates might have troughed. let's go back to the 1:02:00 p.m. bott 1:02:00 p.m. bottom in the market. they were just banking down. someone sell, sell, sell, sell that end

evan williams of twitter saw his wealth decline by 668 million.he big losers, the google guy, larry and sergei, they're down more than a billion. amazon's jeff bezos dropped 3.4 billion. the biggest loser marx zuckerberg, the poster boy for what i cause the roller coaster rich. he is now down to his last 25 billion. time to start clipping coupons. >> it's only on paper. >> that's so true. >> until you sell, it's only a paper loss. paper cut is the big hurt. >>> should you be in tech or not? thank you, robert. >>> what big caps can give you protection, and should you get out of mid cap and small cap stocks? the power rundown is next. we'll be right back. 'll be righe where most people probably know that geico could save them money on car insurance, right? you see the thing is geico, well, could help them save on boat insurance too. hey! okay...i'm ready to come in now. hello? i'm trying my best. seriously, i'm...i'm serious. request to come ashore. geico. saving people money on more than just car insurance. ameriprise asked people a simple question

we had a quick chat with evan william, my co-founder at twitter and we were going down there, i was wonderingat, too. but we agreed to go down there. >> mark zuckerberg wants to meet you. >> we know what it's going to be about. what if it come up? do we want to sell the company? and we didn't. and so, i thought, well, what's an easy way out? just -- what's -- just come up with a ridiculous number no one would agree to. honestly the biggest number i could imagine in my head was $500 million. we had a great laugh about that. we were -- we couldn't breathe we are were laughing so hard. who would pay that money? the offer came through. we had to be polite and, you know, say thank you so much, but we want to take this company all the way, build a company of enduring value. >> what's it worth now, twitter? >> it's north of $25 billion, i think. >> i mean, $500 million, when you look at some of the other companies, yahoo! bought tumbler for $1.1 billion. ebay pout paypal for $1.5 billion. >> the biggest number i could think of, it was huge. i mean i grew up with nothing. that's crazy. >> in the book

. >> protecting the last five miles in boston falls to the city's new police commissioner william evans>> as long as i get my run in in the morning, there's nothing i can't tackle. >> he's run 46 marathons, including new york, chicago and several overand hes. the commissioner wanted to run in solidarity with the city, but when you're the top man, duty calls, so he'll be keeping an eye on everything from a command post. >> we want to come back to what it always was, a great day, a great family day. people are not going to come and see an armed camp here at the finish line. we want to play as low key as possible, but people got to realize, there's going to be stricter precaution. >> back in the suburbs, ray is seeking an improved time this year. he knows if that's all he has to worry about, he'll be a happy man and so will the city he runs through. >> ray one of many runners with a million stories emanating from last year's race, determined to be back this year. 36 runners, by the way, 9,000 or 10,000 more, some didn't finish last year and have a chance to finish this year. it's freezing

number 10 is twitter up one percent according to a regulatory filing, the ceo and cofounder and evan williamstheir stake in the company. pass the may fit expiration share lockup. the cofounders holding on. number nine, web m.d.. shares are surging. -- >> number nine, web m.d.. of theof the higher end forecast. the company said the traffic to the health network reached an average 174 l you in unique users per month. full first-quarter results out april 30. >> goldman sachs of nearly one percent today. the chairman and ceo announced he will retire from the job after 38 years according to a memo obtained by bloomberg. the advisory director at the end of the year. cannot get away. >> number seven, google trading up slightly. they have agreed to buy it aerospace. terms of the deal not disclosed. >> another cool purchase. number six, facebook. little changed. they may be close to obtaining regulatory approval for providing financial service. right now it is just in ireland. this would allow facebook to issue remittances and e money. privacy concerns on facebook for sure. i have had my identity impe

the ceo, the cofounder as well as evan williams having the opportunity to sell on may 5 say they arenews for twitter. stuart: would you buy it at 40? >> no, i wouldn't. they are 100 million, 200 million users, they are in a like market. i'm going to go for something in a like space currently facebook over twitter, for example. stuart: we hear you one and all. that concludes the halftime report for this monday. barron's editor joins us now. he is beating up 3d systems again. you said they were, what was it, a play-doh factory. when you said that, they were $64 per share. now they are down to 47. you are beating them up again. >> what we notice last week is they have no competition, that is something we warned about earlier, competition can come out of left field for this sort of company. it has come out in the form of the company making the same product as there is for a lot less. stuart: that is competition, isn't it? your stock is post, the cereal company. make the case. >> people are eating less cereal but moving very wisely into energy snacks and shakes. those kind of snack bars p

. >> william evans: to see the young bodies lying there on boylston street, it's something that i'll evans is the new boston police commissioner. he's also a competitive runner. last year's marathon was the 18th he'd run in boston. >> evans: to have just come down that street an hour earlier with such excitement, such joy, and then to return again, it... i just didn't believe that could happen on boylston street in the city of boston. >> cooper: commissioner evans wanted to run again this year, but decided he should stay in the command post to oversee security. >> evans: you're going to see 36,000 people on that course with the same principle-- let's prove that we won't be intimidated by what happened back in april. >> tom grilik: the race, this year, for a great many people, will be about that. it will be seen as a response to terror, as a statement of resilience. >> cooper: tom grilik is the executive director of the boston athletic association, which has organized the marathon throughout its long history. >> grilik: the event will go forward as what it has always been-- both an at

evans has run the boston marathon 18 times, including last year, finishing only an hour before the bomb's exploded killing three people injuring hundreds more and putting the entire boston metro area on lockdown. williamvans is now the commissioner and joins me now reflecting on events a year ago and how it has changed your city, police chief and the nation. so thank you for joining us. i know this is a very difficult time. how do you feel a year later? how is the city doing? >> the city has come back. i think obviously we've gone through a lot this year. but i think we've proved resilient and strong city, we're a close knit community. and i think everyone is looking forward especially to the events over the next couple of days. tomorrow we have a tribute which is actually anniversary day and we have a lot of scheduled events throughout the week. as we lead up to the marathon on monday. >> reflect back to a year ago, commissioner, as to you finished the race and heading home. what happened then? >> well, i was in the hot tub, believe it or not and one of my officers told me the bombs had gone off in copley square and i couldn't believe that something like that would happen in the city. i got back into

but jack door see, evan williams, the co-founders and ceo out with an ak saying they have no plans to sell their twitter shares, earliest would be 90 days after the next open window. >> i have been saying the pencers have to stop selling. >> they isn't sold. >> one of the things i think we all felt victimized if we like the market is why do you keep selling? are you recreateing year 2000 when the secondarys never stopped, you would see deals like boxer jets. there was a secondary that occurred at 15, a 3d wenting company. this is bull issue need pencers to say our stock is too cheap. >> i want to remind you what zuckerberg said. >> we didn't mention qe if europe. which doesn't change the tone, ukraine obviously the other side. i think this is a significant announcement. it may bring a series of announcems. we will not sell. our stock got down to how much you would like to see that on a software as a service company. in the meantime, we are rolling off the coverage on things like paylocity. you look at where the stocks went to, they're horrendous. >> i don't care for them. on 26th, it'

evan williams owns 9.4%, he's not selling, jack dorsey 4%, benchmark, 5.4%, do you know that 40% of the flow is short here betting obviously there would be a huge secondary and everybody could cover. if there is no huge secondary you have the possibility with a better quarter. >> but the key is better quarter. >> right. >> you have to show significant revenue growth, some way overcoming this concern about user growth. and the so-called scaffolding around the business they've talked it about makes it difficult for people to want to adopt it. they have to show that, those who hold their shares -- >> it had been a free fire zone short. it was like rolling operation rolling thunder against this darn thing. >> because it went to 70 on air. >> individuals who love the product. those people have all been blown out. if the numbers are good, this stock is going to go dramatically higher because of the short interest, 40%. not enough float. >> we're going to be watching twitter. a lot of technology names that did have at least a bit of a turnaround. the opening bell just a few minutes away. "squa

theme, they continue today, starting in a matter of moments. 9 police commissioner is with me now, william evanss been working tirelessly on this. sir, good morning to you. >> good morning. bill: seven months in planning, it has been exhaustive. how do you file. >> we feel good. we have a good plan. i have all confidence today will go off without any issues. we have no intelligence out there, any threats to this race. it's a great day. the weather is great. we have got 36,000 runners starting in hopkinton. i think the marathon will come back the way it always best marathon in the world. bill: the governor is talking about making sure it remains a family-friendly fun event. >> right. bill: how do you do that? >> we, again, you know, you bring in a lot of tactical assets but you hide them the best you can. you don't want people coming to the race and being intimidated by, you know, officers out there with rifles or with their tactical gear on. so, there's a fine balance. you want to secure the race but you don't want people to feel walking to the barrier line and watching the race, you don't want

joining us is boston police commissioner william evans. ran it 1 times but not this year so you could focus on the job. what's the plan? >> the plan is just to have a lot of visibility out there. we have a lot of cameras on the route and a lot of undercover officers. i'm confident that we're going to have a great day here in the city. we worked hard on today's logistics, but our men and women have shown what a great department we were last year and i have all the confidence in the world that the bpd along with the other agencies are going to have a very safe day and return this marathon to what it's always been, which a great day, patriot's day here in the city of boston. >> absolutely a lot of optimism. of course everybody a little on edge i'm sure as well. any information of credible threats that you have to deal with this morning? >> no. things have gone well over the last week, we've had great activities here, the tribute day. we had a 5k race. the atmosphere and the electricity is back on boylston street at the finish line. but there'

. >> police commissioner william evans is an expert on both the security and the spirit, having completed this marathon 18 times. for him, the last year has been about the city recovering. today is about how boston responds. >> my heart and soul is into this race. it always has been. and that's why it's so important that we come back and show how resilient we are and how strong this city is. >> and on the eve of the marathon, a touching tribute at fenway park last night, as the red sox held an emotional ceremony honoring the victims, the survivors, including among them jeff bauman, and the man who helped save his life, carlos arredondo. a fitting win as well last night for them, the red sox went on to win 6-5 beating the orioles. >> just a quick update, i know you've been nursing an injury over the last couple weeks. how you feeling before the race? >> i'm feeling good. i know that the crowd and the support along the way is going to get me through it. and of course, the emotions of today i think are just going to push me through that extra couple of miles at the end, matt. >> we're rootin

williams is there. sponsors flee after racially- charged comments purportedly made by the owner of the l.a. clippers. carter evans reports the n.b.a. will weigh in next. and vincente arenas with a town devastated by another tornado just as it was recovering from the last one. >> what hurts you the most? captioning sponsored by cbs this is the "cbs evening news" with scott pelley.

williams is there. sponsors flee after racially- charged comments purportedly made by the owner of the l.a. clippers. carter evans reports the n.b.a. will weigh in next. and vincente arenas with a town devastated by another tornado just as it was recovering from the last one. >> what hurts you the most? captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. this is our western edition. right now, dangerous weather is moving through the south and midwest. it's already created a tornado that hit tupelo, mississippi this afternoon. the extent of the damage and injuries there is not clear. right now, tornado watches are up in mississippi, alabama, louisiana, tennessee, kentucky and virginia. and, in iowa, illinois and missouri. this is what a tornado spawned by this system did last evening just outside little rock. twisters are blamed for at least 16 deaths in arkansas, oklahoma and iowa. many more have been injured. dozens of homes are destroyed or severely damaged and the search goes on for victims. we have a team of correspondents covering the tornadoes. first, dean

william shatner is here unrelated to the tax story. we are not giving away the internet. that's good news. martha mckellen how the bombers got through. sara evans she is a legend. that's all we have on "fox & friends." we have so much more. slow lie zoom out bring up the graphics bring in the music and eye ply for reverse mortgage. >>> welcome back. eight minutes to the top of the hour. a fight is brewing between beer makers and the government over new grain rule ares. for centuries brewerers have been giving or selling left over grains farmers to feed cattle. under a new proposal by the fda, new fda regulations they would be required to go through the process of drying and packaging the grains first, costing about $100,000 more a year. the fda says the proposed rule is meant to improve the safety of animal food. >>> do you ever feel like doing this to your spouse? you might need to grab a snack. re searchers in ohio looked at blood sugar levels in married coups and found people were angrier at spouses when they were married. they gave people voodoo dolls to mark when they were most frustrated and it was when they were hungry. before you have a