expedia at the top of the travel industry may be threatened.ext, how google is changing the business for startups and the alike. and we will talk to andrew mason white -- about why he is entering the travel business. ♪ brad: i'm redstone and this is "bloomberg west." today, we are taking an in-depth look at how technology is changing the travel industry. there are dozens of ways to book a hotel or flight online but only a handful of companies that handle the site. cap startups like google and airbnb are posing new challenges. travis katz joins us now with more. thanks for joining us. we are talking about this consolidation in the travel industry with six edm buying orbits -- expedia buying orbitz and travelocity. travis: what we see is most consumers like to have choice and options. our whole business gogo bought -- gogobot is built around this. when consolidation happens there are fewer options and consumers are less happy. ruzwana: what do you think about people having smart phones in their pockets and using that to do more? travis, i think t

expedia and priceline dominate the industry.h giants like google startups like air b&b, posing new challenges. travis joins us now with more. thanks for joining us. we're talking more about the travel industry consolidating this year, expedia buying orbitz. is it good for consumers? travis: it tends to be great for bottom lines, not as good for consumers. more consumers like to have choices and options. the whole business is built around having the right prices for them. when consolidation happens, there are fewer options or competition for pricing. it tends to be worse for consumers. ruzwana: what is happening in terms of people having smartphones in their pocket and using them to do more? travis: the smart phone is radically changing the behavior of people. not just in travel. they are getting used to having the information on the fingertips. people are getting ready for having a lot less and are spent any asleep finding things to do. they feel they don't need to book ahead of times and it is changing the behavior of a lot of

john kim joining us from expedia.air to ir to india's most famous family is fighting for farmers. ♪ rishaad: this is training business, i am rishaad salamat. raul gandhi joined tens of thousands of indian farmers as they protested land acquisition reforms. >> roybal gandhi, back is nearly two-month long sabbatical to congress, on sunday declaring an all-out war against the ruling national democratic alliance rest -- alliance led by prime minister modi for his anti-farmer policies at a farmers rally organized in new delhi protesting the changes made to the 2013 land acquisition bill by the bjp. modi of introducing backand acquisition to pay people who helped put him in power. the rally was attended by an estimated 800,000 strong crowd of farmers brought in by trains and buses from neighboring villages. it did not remain a solo show. wasequally sharp criticism given by others including the former prime minister of india saying -- india, singh. the second budget sensitive parliament begins today in india. the single larg

and later, a slew of earnings -- linkedin expedia. in the coming hour, manny pacquiao will join me from las vegas to discuss his fight with floyd mayweather. if it is the fight of the century. you do not want to miss this interview. ♪ alix: oil is floating with its biggest drop. my favorite topic. what is driving this rally when there are so many negative fundamentals out there? dan: this is financial inputs that are chasing the oil trade. i think they are out racing the puck. there are big influxes into dedicated commodity funds. we have seen a huge influx in space but if buying. that has been collected in the cftc reports. a lot of people are rushing to belong oil for obvious reasons. fundamentally, we cannot say under these prices forever because oil doesn't come out of the ground for less than $60 a barrel. but that doesn't mean that oil should be lower than it should be right now. many fundamentals are still against oil right now. for at least for the next several months they are out racing the puck. i don't want to be long oil y

bookings were up 19% but expedia says that hotwire business continues to be challenged. many boxing fans are getting priced out of the floyd mayweather manny pacquiao fight. the cheapest tickets are going for $3400. mgm's resort holds exclusive pay-per-view rights. mario draghi spoke about being pacquiao spoke about being the underdog. the highest priced standard room is $1520 a record for the property. now to our leads. salesforce the san francisco cloud giant built by a former oracle executive may be on the block, may. who's big and bold enough to buy salesforce and would benioff s ell? if it happens it would be the largest takeover in technology history. they say that salesforce has hired bankers to advise on offers after the company was approached by a potential acquirer who has not been identified by the list of companies that can afford to buy a company with a $48 billion market cap is small. oracle microsoft, ibm come to mind. but who would want it? would enbenioff sell it again. the company is not profitable. joining me is cory johnson who broke the story and the

expedia comes up early. kayak shows up off the bottom of the place and hipmonk doesn't show up on the page. google flights google isn't just a competitor in this space it also owns ita software, it sells software to these rivals, google could hold back the best deals for itself and give its competitors only higher priced flights. there is no evidence that it is actually doing that john but that's extraordinary power. it owns, searches, owns one of the biggest flight companies and sells crucial data to the rest of the field. if you look at google's field online shopping and books and movies and social media, if you choose to experience the web the way so many do, by going to google first the company has extraordinary power to influence where it is you go, who gets information about you along the way, and john, what you buy when you get there. >> jake ward reporting. breath larson is a tech analyst and editor of tech bytes.com. what impact could this have on the company? >> it could be potentially bad to their

liz: a great way to go into the long weekend for expedia.k high today. >> right. that is big news there. they agreed to are amgen's waterfront for 280 million-dollar deal. david: don't forget about sprint. [closing bell ringing]. wow, a quite a crowd in there. everybody is pretty happy to go on a long break, liz. liz: autism speaks, run by the great team over there. david: wonderful group of people. >> congratulations. david: look how markets end the day. the dow is up pretty much again where it was before we got word of the deal which is pretty much what happened to oil. again there was initial excitement about the whole thing, once people looked at details. realize we won't get a lot of details until june, the market came back pretty much to where it was before. all intoday are in the green. that is good news. tomorrow we get jobs report on march. a lot of expectations good and bad about that people had to see in their mind's eye what might happen to the jobs report because the markets are closed tomorrow. liz: watch for the wage grains. -

maybe expedia can mitigate the damage, but i don't think so.ut even steady eddie colgate could couldn't deliver. the strong dollar played havoc again. if you believe the green back has peaked we have to deal with previous consequence of the rise. now, what redeems this paradise lost market? what can make it all work out? okay, i'll give you a couple of positive scenarios and everyone is way too negative. if oil stops going up every day as it has been and instead takes a breather or goes down, we stop distaping the consumer driven stocks in companies that use a lot of oil. two, forget seller fatigue where people say enough already, things aren't that bad, that could happen. three, if we find new leadership like in the banks, even in the phone calls like skyworks, which reported a rip snorting bullish number this evening. take overor two that would help. maybe a little upside surprise in a biotech. but let's cut to the biblical chase. we need an apple to rise up from the ground a tall order, because this one's falling from the tree and been eaton

here is a few of the competitors in that space on travel, kayak expedia, hipmonk and online flight. at one point google would come back with a list of airline companies. but now when you type in travel, hip monk isn't on that first page and might as well not exist in that case. but off to one side there is a convenient list of air fares and prices and that's google flights. it also owned ita software which sells pricing information to these rivals, google could in theory hold to hold back the best deals, there is no evidence that it's doing that but that's extraordinary power. google owns search, it dictates results it owns one of the big flight companies and across the field, if you look at ad placement, shopping, media, if you choose to experience the media like so many people do by going to google first the company has extraordinary ability to influence what you buy when you get there antonio. >> thank you jake. >>> we are looking at the unsuccessful landing of the rocket booster of spacex. the rocket did hit the ocean platform it was supposed to land from but it veered sideways

expedia and the apple watch together. john is the chief product officer of expedia.out where the restaurant is or something like that. room. open of the hotel something like that. thanks and thank you for joining us. : this is "trending business." we are going live to beijing. china on easy at street. amount thetting the banks set-aside aside of reserve. the aussie dollar responding with a jump. it is time to pay up,

and expedia tells abc news that it's taking customer feedback seriously and will regularly review ourinterests of the travelers they serve. but for folks like debbie green span, she says she can only watch out for herself. >> if i could talk to one of those third-party reservation centers, reservation companies, right now that misrepresent themselves, i would say, shame on you. that's not going to happen again. not to me. >> reporter: for "nightline," i'm rebecca jarvis in providence, rhode island. >>> next he may not look like the other contestants on "dancing with the stars." but tonight noah galloway talks finding strength any way he can. pain. and clearer skin. this is my body of proof that i can fight psoriatic arthritis from the inside out... with humira. humira works by targeting and helping to block a specific source of inflammation that contributes to both joint and skin symptoms. it's proven to help relieve pain, stop further joint damage and clear skin in many adults. doctors have been prescribing humira for nearly 10 years. >>humira can lower your ability to fight infectio

wree the fastest grouding city in america [inaudible] expedia announced last week they are moving to down town seat al. this is a incredibility period as we grow, but it made the issue of inequality greater than before ask that is where the m and community centers come in. not just fl the union people, but for the seniors. we have 465 parks, 26 community centers and in a city-we are talking about the size of the [inaudible] in a city of 89 square miles, 564 acres of parks and open space. we faced a challenge. if you are from the west coast you understand this, we had a series of state wide nish tchbs thatd degraded our ability to dinns city service because of a the tax structure [inaudible] responded to that with the series of lev squgz the citizens voted for those. fwroget maintenance and expansion of open space in the sitdy. the problem with levies is they are only 6 years and not on going sourceoffs rev new. what we were facing is a growing system where the maintenance and programming was significantly behind. we had about 300 million dollars in maintenance back log over 300 proje

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started five years ago when the eu began investing search practices after rivals like microsoft and expedia complaint. google tried to settle three times to no avail. now the eu has filed formal charges called a statement of objections, accusing google of being anti-competitive and abusing its dominant. specifically, they claim google favors its shopping service over its rival. when you search for a lap top, google shopping results come up first and are prominently displayed. leading the charge is the eu competition commissioner, a top danish politician. >> today's statement of objection on comparison-shopping is of course limited. it is also the first place where we got a complaint. the first place we got a complaint that google is favoring its product in search for the longest time. however, we will continue to look at google plus conduct in other areas. emily: there was also a new probe opened into android, google's mobile operating system. she is also still investigating search results for hotels and flights. google controls 92% of the search market in europe, compared to 75% here in th

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that took expedia and priceline to the moon. we hope the same thing will happen with us. what is the difference between alternative lender and peer-to-peer lending >>? >> the way consumers benefit, i believe it is a commodity and you choose the lowest ice commodity. i believe it will go very similar overtime. you can get money, borrow money. if you are on the death store at bankruptcy or the perfect company like ge in terms of a credit rating. i believe that change is just beginning to happen. i believe overtime are words are definitely in the drivers seat. what we have seen is lenders are offering many prices lower than they do on our own sites. we have access to millions of customers who want to get loans. you talk about intimacy. one of the things we have done to retain customers it's we have launched my lending tree where you can get a free credit score. we will send you all are. he will never need to fill out a form ever again. if we can save you money and give you a personal loan at 16% interest rate we just want to help you save money. mark: what is the average rea

in the travel space, expedia and kayak. in the shopping space, amazon, ebay.s as well in each segment, there's vibrant competition at the moment. >> does google accept europe's look at what competition means? and the idea of protecting a competitive environment for rivals? are you fundamentally in line with that? and going to show you believe within that framework that you're not doing what's illegal? i guess a lot of people are wondering, are you going to get caught in the same kind of trap that microsoft did in the late '90s that ended up hobbling them for a long time? >> look, we operate by the rules wherever we do business. and we respect the rule that regulators have to play here. we're a big company, extremely successful. with that comes scrutiny. now there's a lot of spem spec lags about eu versus u.s. approaches to antitrust. frankly we're going to have a discussion that's based on the facts. based on all the features of competition that we see in our business. we've had the similar conversation in the united states and with other regulators and we'll

highlighting its own web services in search results at the expense of rivals such as microsoft and expedia. the implications could be severe with hefty fines and constraints about how it delivers google's online search engine. let's get out to hans nichols who is been tracking all these developments. it was the best case and give us the worst case for google. hans: good morning, caroline. the best case for google is that when these formal charges come down today is that they are actually weaker than expected and that google is able to litigate for quite a long time in various restrictions before any remedy is put in place or for any fines are put into place. there is no dispute about google's market share. they have 90% of market share stop -- market share in europe compared to 65% in the states. they came close to settling it with the last commission but at the last second there were complaints from some rival tech companies and now the new eu commissioner for competition is taking a harder line. google is bracing for a harder outcome. here's a quote from an internal memo. it says "this i

expedia up 4% right now.d workday also up around 3% range. >> and of course facebook on that citi upgrade. >> target goes from 91 to 97. looking at all sorts of reasons why. compound annual growth rate on revenue's going to be pretty good. on that note let's send it back to headquarters. have a great long weekend. here's wapner with the half. >>> thanks so much. welcome to the halftime show. let's meet or staurting line-up for today. josh brown is the ceo of ridge holtz wealth management. pete and jon najarian, the co-founders of options monster. michael block chief strategist at rhino trading partners. paul richards head of fx and credit distribution at ubs. and dan greenhouse is btig's chief strategist. our game plan of the day looks like this. all bark no bite? do activist investors really get the big returns, do you think? some scathing criticism today from one person who says the numbers tell a

expedia comes up early hip monk isn't on the page. to the right is google flights. going the isn't just a competitor in on line travel, it owns software which sells pricing information to these rivals. going the could choose to hold back the best deals for itself and give competitors only higher priced unattractive flights. there's no evidence that it is doing that, but it could and that is extraordinary power owns search, dictates results owns one of the biggest companies and sells crucial data to the rest of the feet. if you look on line ad placement shopping books social media you can see if you choose to experience the web the way to many do by going to going the first, the company has extraordinary power to influence where you go, who gets information about you along the way and what you buy when you get there. >> google denies the allegations, saying search functions help promote consumers choice. here in the u.s., the f.c.c. investigated google on similar complaints. it decided against taking any action. >> a new name in the race for president this morning. >

could face fines and constraints on how it delivers internet search, while rivals using microsoft and expediathem of highlighting their own web services and key results at their expense. now let's check in on the markets, and jonathan is your man. jon? jonathan: just about getting to session highs. we've got gains of .8% over in spain. the dax really punching higher now, up by almost a half of 1%. we get back to the all-time highs, up .4%. i look to china, g.d.p. growth comes in line with estimates of 7%, but it is the weakest growth for some six years. you got to go back to 2009 for that. but it's the bad news-good news scenario and that's what's taken the ftse 100 a little bit higher. industrial production out of china, ugly. retail sales not looking pretty either. will the chinese authorities have to put one of those leaders? that could give them some support. it's that kind of day, bad news good news. over in greece, they got away some t bills yield coming back on the 10 year, but still a yield of 11.8% for greece. german yields near record lows. yields in germany come lower and quite rem

names to watch expedia gilead and dreamworks. . stuart: let's get right to your money and bring in d.r. barton from wilmington delaware. i got two stocks start with apple. they've got problems with apple watch production. would you buy apple stock at 127 this morning? >> long-term, stuart, i am a buyer of apple. right now i would advise people against buying apple because i think just like back in 2012 when they announced the iphone 5 it spiked to all-time high and sold off for the rest of the year. we're in a similar technical situation here. two superior earnings quarters have blown it right up. made a new all-time high on tuesday for about 10 minutes and fallen off since then, fallen through a key support level. i think we've got 6-12% more downside for apple from here. so it will set up a good buying opportunity but today, not a buyer. stuart: buy it at say 115. move onto tesla. big announcement supposedly battery technology. the stock's around 220. would you buy it? >> no i'm a seller of this one. maybe in the morning is the b

>> it can, and something that like trip advisor and expedia want to do is try to learn what your habits really -- right. [laughter] hopefully in a noncreepy way so that if you're in a new city, but it is around 10:30 in the morning hey there's a great coat of place around the corner some great reviewed. >> we need more coffee. >> being polite this will tell you other places they've got you covered. wink wink, so are you excited about this and do you think this watch because it is one of the things where we know there's excitement with the core apple group saw them lining up out there. but do you think it is so big that they go after this? >> i think this is a step along the way that we're stash thing to see where we will be in five or ten years. not everyone is going to go buy an apple watch and won't be immediately usable everywhere. >> it will be ewe ubiquitous part of our daily lives. >> not everyone wants to hold their phone all of the time. >> jessica thank you. >> jason is with us and a his take on golf up and coming star jordan speith hear what he was doing having fun. there with

we have seen consolidation with the like of orbit * and expedia coming together.rtunity or make the pricing environment more difficult? >> this will be an opportunity because we want to own the dream and memory spaces of the people. we are mostly a content distributor which has an online travel below. >> how key are partnerships for your business? you recently did a partnership and could share via facebook but do you have any official partnerships? >> we're honored to be one of the companies chosen for the incubator program. it's terrific because they have some of the best travel knowledge in the world. we expect fantastic stories from them. >> do you see future partnerships going forward with other companies? >> yes, sure absolutely. >> thank you very much. that's a real example of the innovation we're seeing taking place this year at the world travel and tourism council. a lot of smart ups getting into the game for the online travel agency booking. seema back to you. >> good stuff. thank you so much. >> as we have been hear it's one of the big talking points at

. >>> shays of expedia reporting mixed mixed results.owever, coming in at $1.37 billion. analysts expected $1.35 billion. those shares are up more than 7%. fireeye reported a smaller than expected adjusted first quarter loss of 48 cents per share. that is versus an expected loss of 51 cents a share. revenue did beat at $125 million. analysts expected $121 million. fireeye saying it sees a second quarter loss of between 47 and 50 cents a share versus a 49-cent loss expected previously. those shares are up after the bell as well. >>> kelly, i just also want to before i talk about syngenta and monsanto moving higher after the bell, a quick correction. i mentioned bloomberg reported that monsanto has approacheded syngenta withabout a pop take-- possible takeover and that talks had stopped. that was incorrect. >> duly noted. >>> surprising comments from the man who brought down suisse bank secrecy. eamon javers has an exclusive interview interview. he was paid $104 million by the u.s. government. >> that's right. now bradley bergenfeld is bre

. >> and then the riskiest near term stocks expedia and amazon.tually you're absolutely right about that. the question is are we washed out on alibaba? and our point fundamentally was we've had a couple negative news items, one was very much anticipated, the lockup expertation, another one in september, some fraud issues and problems with mobile monetization. our take around $80, you get 30 times earnings for a name like this that dominates chinese on-line retail that's where the risk is very much washed out of the stock. we think the stock has a floor in this space. we may be kind of tapped out on the high side until we get through the september lockup but down in the low 80s we think alibaba is a very compelling long. >> okay. what about zillow and trip which are two negatives, which is the most dangerous or the clearest short from your point of view? >> well i don't know about a short. we have a hold rating on zillow but we are highlighting they've closed an acquisition of an asset called trulia that had strong deceleration in the metrics and r

the best window in which to stop is 50 to 100 days out for a domestic flight and according to expediaout of style. thanks so much. still ahead, tamron's tuesday trend. on short notice. new dos to those who want a shorter look for spring. you're all excited to book that vacation flight. plenty of seats to choose from right? buuut the minute you try to use reward miles from your airline credit card... it's slim pickins! the flights you want -- sorry, they ask for a ridiculous number of miles. time to switch to the capital one venture card. with venture, you'll earn unlimited double miles. and using those miles is easy. just book any flight you want, on any airline. then use your miles to cover the cost. no blackout dates. what's in your wallet? ♪ ♪ to feel this special... you need to eat this special. ♪ i love it ♪ kellogg's special k... ...made with whole grains and fiber... ... to help a body thrive. ♪ i love it ♪ folic acid and vitamin d... ... to make a body feel this good. start your day with 150 nourishing calories... ...in a bowl of special k. ♪ i love it ♪ kellogg's special k...