facebook itself asked for patience. google has the sort of moon shots and other things, but it is an awfully big acquisition to swallow and wait for it to turn around and air freight. alex: it would be the largest acquisition for either facebook or google ever. it is a significant acquisition and we've heard no actual good source indicate twitter is for sale. emily: the only thing that i have heard is from an early investor in twitter who said there is no board religion that they would never sell. ultimately, they're going to do what is responsible for the company. but i wonder at what point is responsible not selling versus selling? alex: the two things we have talked about is the price may not be low enough and twitter may not be for sale. but there's a third question which is should twitter be for sale? can they do what they want to do as an independent company? that's what i think investors may be pressuring twitter on in the next 12 months or so? can you get user growth up without pairing up with google or facebook? maybe

have amazon,u facebook, google making their own drones. do think you can low -- learn anything? aboutir learning things how to do logistics. we do a lot of logistics that may seem monday and but if you are fighting in afghanistan or where getting forces and equipment in and out is vital, we learned something from them and areas like warehousing and inventory management. are spending the taxpayers money and we are trying to do it more efficiently. we learn about efficient techniques and effective combat techniques. : give us a sense of the attack on the e-mail system and to what extent has that prompted you to ask silicon valley for help? we have known for decades that information technology will be critical. we have a lot to learn. the joint chiefs of staff exploited inas not a dangerous way and it resulted a very simple operator someone opened an e-mail. something that mundane could affect that important a network shows you where we are not -- we are not where we need to be. this is the place were the cutting edge of cyber defenses defined. need to do that in partnership with s

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 this stuff. what are some key technologies and assets that you can get from silicon valley that you're not getting from current contractors? ashton: a lot of the cutting edge stuff we do get. but the defense department has gotten too bureaucratic, a little too slow for the pace of people out here. so both on the people level, some of them aren't acquainted with us. and some of other people haven't understood the technology community. we need to get them to understand each other. in the technology department we have so much to learn from the cutting edge out here. remember, we don't b

emily: it is interesting, companies like facebook, google, twitter are not even in china because the government has locked them out but what about these other companies we are talking about here? guest: it is enormously important for apple and qualcomm. china is 12% of their revenue. the devaluation is going to reduce apple's revenue in dollar terms by $30. how does apple compensate? it has to raise the price, which is difficult to do because they were at the top of the market and they are facing competition, or the business becomes less profitable for them. the additional problem is the chinese economy is slowing. we are in a bad period for luxury consumers. they are selling between $900 and $1200. these are luxury products. apple needs to penetrate more markets in china. they're going to have trouble selling those phones pretty have been selling well in beijing . emily:. china accounts for a quarter of revenue as far as june goes. let's talk about what it could mean for longer-term demand. the iphone is $300 more expensive for consumers. you have the smartphone market saturating. c

government rather than a hot tech company like facebook or google? terrell: public service is a pretty good selling point. what i find is a lot of the hacker community is really motivated by the same ethos we are. consumers have adequate information, that they are not being misled and very well aligned with the community. we get great reception when we are here talking to people. emily: the ftc opened an investigation into snapchat looking into privacy policy. how well do you think companies are protecting us? terrell: we look carefully at all the technology people are using. the snapchat case involves an app where information will disappear but it turned out it was easy to capture them. that is what our cases about. we also have cases against facebook and google and others really looking carefully at the privacy promises they are making to consumers and whether they are upholding them. that is where the technologists come in. we need people to understand the code, the practices and to help us understand. emily: the ftc decided not to take a closer l

follow our expert contributors or twitter, facebook, google plus and more. >> hunted to the brink of> we need an urgent method that stops the killing. >> now fighting back with a revolutionary new science. >> this radio carbon dating method can tell us if trade of ivory is legal. >> it could save a species... >> i feel like we're making an impact >> techknow's team of experts show you how the miracles of science... >> i'm standing in a tropcal wind storm... >> ...can effect and surprise us... >> wow, these are amazing... >> techknow, where technology meets humanity! only on al jazeera america >> hello, everybody, and this is aljazeera america. live from new york city, i'm david schuster. just ahead, the ferguson aspect. how the death of michael brown nearly a year ago changed america and inspired a movement. plus -- >> how can you run for the republican nomination and be for single payor healthcare. >> taking aim at donald trump, the second tier group of gop presidential candidates squared off for a debate. and bring you

facebook, google, amazon also moving into the red. miller., matt matt: they take away is after a week like we had -- the big take away is, after a week like we had two weeks ago, there is almost no recovery. monday was this terrifies and -- this terrifying drop in the dow. he did not stop the entire month from being the worst august the dow has -- it did not stop the entire month from being the worst august the dow has posted since 2010. the nasdaq had its worst month since 2012. it was awful because of that week where we lost 6% in almost every single index. take a look at some of the big losers. media companies really reigned as far as the point losers. disney kicked it off with the poor earnings report, showing espn did not have the kind of scriber growth or earnings -- kind of subscriber growth or expected.hat they viacom was the biggest loser as far as media companies for august, down 28%. 21st century fox lost 20%. .isney was down about 15% i was just looking at apple for the full month. it lost more than 7% for the month. today

follow our expert contributors or twitter, facebook, google plus and more. >> hunted to the brink ofan urgent method that stops the killing. >> now fighting back with a revolutionary new science. >> this radio carbon dating method can tell us if trade of ivory is legal. >> it could save a species... >> i feel like we're making an impact >> techknow's team of experts show you how the miracles of science... >> i'm standing in a tropcal wind storm... >> ...can effect and surprise us... >> wow, these are amazing... >> techknow, where technology meets humanity! only on al jazeera america that, >> announcer: a bomb kills eight and wounds hundreds in kabul, just the latest in a string of deadly attacks across afghanistan. ♪ hello and welcome to al jazeera, live from our doha headquarters i'm sammy and also ahead myanmar president urges people to move to safety as swollen rivers rise and presidents face off in the first debate taking on everything from i.s.i.l. to immigration plus a new video of a

they have been used in the military for a long time, but now you have amazon facebook, , google making their own drones. do think you can learn anything? sec. carter: sure, we know a lot, but we can learn a lot also. we do a lot of logistics. that may seem one thing to you, but -- that may seem mundane to you, but if you are fighting in afghanistan or iraq or syria, where getting forces and equipment in and out is vital, we learned something from them and areas like warehousing and inventory management. that again may seem monday and, but were -- that may seem mundane, but remember we are spending the taxpayer's money. we are trying to do it more efficiently. emily: give us a sense of the severity on the attack on the unclassified e-mail system of the joint chiefs of staff, and how has that prompted you to ask silicon valley for help? sec. carter: it is a sign that we are not nearly where we need to be, at least in the defense department. we have known for decades that information technology will be critical to our military edge. we have a lot to learn. clearly. the joint chiefs of sta

follow our expert contributors or twitter, facebook, google plus and more. >> hunted to the brink ofan urgent method that stops the killing. >> now fighting back with a revolutionary new science. >> this radio carbon dating method can tell us if trade of ivory is legal. >> it could save a species... >> i feel like we're making an impact >> techknow's team of experts show you how the miracles of science... >> i'm standing in a tropcal wind storm... >> ...can effect and surprise us... >> wow, these are amazing... >> techknow, where technology meets humanity! only on al jazeera america >> for 300 years, the most powerful nations on earth grew richer and stronger on the profits of the slave trade. over twelve million men, women and children were forcibly transported from africa on slave ships like this, to the colonies and plantations in north and south america. today slavery is illegal on every country on the planet. but the truth is, slavery did not die in the 19th century. it is alive, it is thriving, and

google. david, as someone who has covered facebook for a long time, what will you be watching for in the new d of alphabet, which has been google. david: i'm trying to digest that. i am reminded that -- and somebody was interrogating me, "why does google do google maps?" most things they have been doing try to drive you back to their service to see more advertising. maps is one of those. the new stuff like the car, the life extension products, those do not do that. there may be logic to a holding company model. it is an extraordinary company and all of us would have to admit that this is the most earthshakingly, world-changing business that we feel the influence of every day. we cannot help but watch this with fascination. emily: i love that word, "earthshaking." google changes its corporate structure to separate search, youtube, and other web companies from its research and development divisions. it will be part of a new company, alphabet inc. james, you cover google. what do you think of the news? james: it makes sense. it have been telegraphing that a bigger role at google and we have seen

hasn't google succeeded a huge portion of territory there to facebook? ian: on purely mobile plays, their personage of -- their purchase of ad mob was in the space. it's not about a mobile advertiser to a mobile device per se. google along with facebook are the two hegemonic players in advertising. om: i will respond to that. google and facebook if you want , to measure them on any metric, it has to be on the attention grab. the attention of the average consumer is increasingly on facebook. looking today, it seems all great and dandy. but looking forward if more , people are spending more time in facebook, or in the so-called communication apps, then you start to see that people are starting to shift their time on twitter to different platforms. which takes away from their core business of advertising. i say one trick pony -- they do very good advertising. there is no match for them just yet. on mobile, facebook is ahead of them. and they will continue to increase the lead, because they have more personal data on that. emily: and u.s. adults spend 20 minu

rbc's mark mahaney is out with his picks, swapping facebook for google. to break it down is mark mahaney. great to see you. fang, facebook, amazon, netflix, google, loosely credited to carl. although we give credit to jim cramer for coming up with that one. you say there was some fundamental shifts this quarter. what were they? >> so i think actually fundamentals were very much intact. if you look at the year-over-year growth rates for the online travel and retail names, a few inflection stories, has to be amazon and the two broad themes across the group. you mentioned fang, which is the real tipping point in terms of offline media dollars, migrating online and second start to see negative implications of unicorn bubbles. a couple companies are worried about salesforce employee retention. yelp was one of those. >> wik do you think that trend that you just mentioned, this problem with retention, especially for the companies whose stocks have underperformed, why is that coming to roost now verl sus earlier times? >> it's a hard one, it's hard to know the ti

google along with facebook are the two hegemonic players in advertising. : i will respond to that. google and facebook, if you want to measure them on any metric, it has to be on the attention graph. the attention of the average consumer is increasingly on facebook. today it seems great and dandy, but looking forward, if more people are spending more time in facebook, or in the so-called communication apps, then you start to see that people are starting to shift their time on twitter to different platforms. it takes away from their core business of advertising. i say one trick pony. they do advertising and there is no match up for them just yet. on mobile, facebook is ahead of them. they will continue to increase the lead because they have more personal data on that. emily: you pointed out that u.s. adults still spent 20 minutes a day on facebook. brian, you're sticking with me. thank you for joining us today on this echelon edition of bloomberg west -- special addition of bloomberg west. still ahead, moonshot on the newly formed alphabet. ♪ emily: it is ti

cubans to open their homes to tourists and now that the i'sland is getting hooked up with wi-fi, facebook, googled netflix say they are looking forward to working with cuban@$(=z consumers. >>> our coverage continues at 2÷ "nbc nightly news." lester holt is in cuba with more on this historic day and what the raising of the american flag means for both countries. >>> a followup now. one year ago today, san jose police shot and killed a power drill. her parents are marking the anniversary with a lawsuit. 19-year-old diana showman was diagnosed with bipolar disorder. the day she died, she called police herself telling them she had an uzi. her parents say if officers were more experienced in crisis intervention, they would have tools to deescalate a situation like that, instead of automatically resorting to deadly force. >> i want the public to be aware of the fact that we need to have change in the way we do deal with people with mental challenges. >> diana's parents, the police department and the officer who shot their daughter earlier this year, prosecutors cleared the officer, saying she acted in

competing with google and facebook is a big reason verizon but aol earlier this year.ning us to talk about how they are fitting in with the new parent company, aol president bob lower. we do not have a lot of information about how this worked out. i'm. as. how does aol fit into verizon right now and how are working out so far -- working far? bob: there's great information about how aol is fitting in verizon. verizon was one of our largest customers and they realized the value we created from creating customer segments, so they decided to combine our assets and create a wholly-owned division under the verizon entity. we operate with the same strategies, but there are horizons for a -- there are assets verizon has given us to build the company. it is only reinforced by the acquisition. incorporating you verizon's user data and how is verizon changing now that you are here? the most important asset we brought to the party was our automated media buying stack. that at verizon, we are allowed to use part of the verizon data as long as the consumer has opted into permission

the facebook group is called the vocal network. the googlecapel will group is called gogga pell la. pinterest pin tune. the silicon valley attorneys is off the record. they sound awesome. i'll tell you what. >> i like to. >> it is a fun time out here. it's always nice when you have sunshine and temperatures in the mid-70s which is what we have. >> they are singing somewhere over rainbow and that's tough. >> they are nailing a lot of more modern songs and some of the oldies and classics like that one. >> thank you, paul. >>> question for you now. how does a four-day workweek sound? that's the option japanese fashion brand uniglow is giving some of its employees. they would work four days a week for ten hours a day but would have to work holidays and weekend. they say it wants to make it easier for employ fees have a balance between their work and personal lives. >> i'd be up for that. we workweek ends and holidays. >> thank goodness it's thursday. [ laughter ] >> works for me as long as there are three days off that follow that. >>> still ahea

facebook, amazon, netflix, google, tesla. >> google? >> how did you throw google in there? >> i don't think google is overvalued. there are people that said they did this alphabet thing and suddenly you should be able to add 80 points to it. if you separate that venture capital arm filled with un corns from the rest of the company. the rest valued at 20 times earnings. >> your larger point is that we are going after perhaps some momentum stocks with great growth and incredibly high p.e. multiples. >> anytime flicks up another 3.5%. >> that keeps coming on. that's what's daunting to the shorts. they are the ones who always say, listen, you just wait. remember. we had a lot of ideal locks. they say they are hard liars, who were saying on monday, they were coming on air saying, i told you, it was all pumped up. what do they site as all pumped up? facebook, amazon, netflix, google, tesla. those stocks are now coming back. >> including facebook and google in that list based on what are incredible growth rates and as, opposed to ama

real estate is hard and customer acquisition costs, when you're buying ads on facebook and google andpeople to download your app, those are very expensive. when the market corrects, had it seems to be doing and adjusting, whether it's going to be a flat or slow or a huge one is going to be awesome for those companies that have built up those reserves because they all double and trip until value. >> or more. and for those who aren't so lucky. should we be looking for headlines like we've seen a couple of over the past couple weeks. start-ups closing their doors? >> yeah, there's a lot of it going on right now. i'm involved in a lot of discussions, i'm seeing a lot of people come to me and say hey i've got six weeks, i've got eight weeks, and nobody is reupping. what you're going to see is a shake-out of the small companies, it wouldn't be surprising if we're sitting here a year from now and the 25% of the start-ups are gone. we invest over $10 billion a quarter in seed-stage investing. it's a small amount relative to the overall economy. it's not like it's going cause some bloodsheddin

facebook arewith the two hegemonic players in advertising. respond to that. googlend facebook him if you want to measure them on any metric, it has to be on the attention grab. the attention of the average consumer is increasingly on facebook. today seems dandy. but if more people are spending more time in facebook, or in the ,o-called communication apps then you start to see that people are starting to shift their time on twitter two --o -- toplatforms t different platforms. i say one trick connie, they do really well. there is no match for them just yet. ahead of, facebook is them. and they will increase the lead, because they have more path -- more personal data on that. and 20 minutes a day on facebook. brian, you're sticking with me. thank you for joining us today on this echelon edition of bloomberg west -- special addition of bloomberg west. moonshot on the newly formed alphabet. ♪ emily: it is time for the daily bite, one number who tells a lot. 57%, that is the decline analysts expect to see in alibaba's quarterly revenue. they will announce numbers overnig

you are taking on google and facebook, which just hit one billion daily users. is stiff competition out there, but we will have to leave it there. aol president bob lord. thank you for watching this edition of "bloomberg west." tomorrow do not miss my exclusive conversation with u.s. defense secretary ashton carter and mark andreessen. ♪ ♪ >> from our studios in new york city, this is "charlie rose." charlie: larry david has been called everyone's favorite curmudgeon. his particular brand of dark observational humor has made him one of the most distinctive voices in comedy. 25 years ago, he and jerry seinfeld created a show that may -- made television history. "seinfeld" ran for nine seasons and is considered by many as the greatest sitcom of all time. larry david followed his success there with the improvisational comedy series "curb your enthusiasm." he is now on broadway. he wrote and stars in "fish in the dark."

the competition for google, advertising, is different than facebook. have twitter eating away at things. will the moonshots amount to anything? >> this is the time to make the move. you have a good quarter and you make the moves that would otherwise be seen as a sidgn of deceit. the stock has been on the increase. this may be where they can get away with it and it shows commitment to the core business in a different way. host: to recap, larry page phabet the ceo of al inc., a collection of companies, including google. runner willay become the ceo of google. what will you be watching for in bet, whichrld of alpha has been google. >> i'm trying to digest that. -- "why does that google do google maps?" been doing they have try to drive you back to their service to see more advertising. maps is one of those. car, thes like the life extension products, those do not do that. there may be logic to a holding company model. extraordinary company and all of us would have to admit that this is the most earthshaking, world changing business that we feel the influe

aol is now competing with google and facebook as an advertising tech heavyweight. a big reason verizon bought the company for $4.4 billion earlier this year. joining us to talk about how they are fitting in with the new parent company, aol president bob lord. bob, thank you so much for joining us. we really have not gotten a lot of information about how this deal has worked out. i'm curious -- how exactly does aol fit into verizon right now , and how are things working out so far? bob: thank you for having us on. there is some great activity happening about how aol is actually fitting within verizon. verizon was one of our largest customers, and they understood value we created from creating customer segments and doing at -- ad technology. so they decided to combine our assets and create a wholly-owned division under the verizon entity. we operate with the same strategy and guidelines we had within aol, but there are assets verizon has given us to build the new next-generation media company. the strategy we had at aol it is -- the strategy at aol is only reinforced

argue that for the last few decades we have been in a tech slowdown for facebook, apple and google, having not been active enough? peter: i would argue we have not done as much as we could have. we have less innovation in areas like biotechnology. not as much as one might like. transportation, we are not moving any faster. emily: one thing you tell aspiring entrepreneurs is do not copy mark zuckerberg, do not copy steve jobs, why not russian mark -- why not? peter: in some sense you cannot copy them. because they did not copy somebody else. mi: you suggested they come up with one very important troop. -- important truth. emily: you also suggest to come up with one important truth. something that no one agrees with you on, the best way to get -- everyone to believe in you? peter: i think there is a sense of if we were not doing this, no one else would be doing this, and if we created a monopoly in the good sense of an investor. that is the best kind of business to have. emily: you say that google is a monopoly. peter: it obviously is. they tend to focus on all these other areas. ebay has an

this is a way for technology companies to hire cheap foreign workers, facebook, google, microsoft willay foreign workers on these pieces about 25 percent less than their american counterparts. zucker burke says there are not enough american workers to fill technology jobs for 74 percent of those with a bachelors degree in stem are not employed now in stem occupations. joining us tonight the cohost of outnumbered jedediah fila and radio talkshow host chris plante. let's start -- trump's schooling people on h 1 b visas. >> it is true, and he was saying things about immigration the people are afraid to say. when people here the stock they see -- they know people that have been out of work, no people that i've had to take two and three part-time jobs and here's a guy who pops up out of nowhere, not a conventional politician saying i want you to keep more of your hard-earned cash and keep your job and here's what i'm going to do about it and in the same breath talking about border security which is something republicans have talked about but not done much about. lou: are used on the right n

withdvertising, we compete facebook, google. we compete with twitter. we compete with these behemoths that are much larger than we are, these large organizations, so the amount of inventory online could be infinite. the more you have, the lower the advertising rate, typically. it's a hugely challenging environment. we are all struggling with what is a sustainable economic model? beenhe times, it has digital subscriptions. they have been better at it than anybody else. a millions instructions and that's great. on the other hand, it has pretty , i think, andut that is a challenge for them. how do you generate growth if your subscriptions have plateaued? as a result of that, there is a push for foreign subscriptions. there's a big push to see how many english speakers we can get overseas and just grow the international audience. there's also a chinese language mission. experimentst of going on with translated versions. -- there are know a lot of english speakers of over the world, and the times likes to think of them as potential readers and subscribers. e

when i look at facebook, amazon, netflix, google, all of them still positive over the last three monthse you feeling after especially the last couple of days of volatility? >> for market leaders going after large markets, strong, fundamental top line growth, improving margins, cash flow generation, strong balance sheets and hopefully some catalyst as well. leading the list, alibaba is a fantastic name only trading on 20 times earnings. a strong second half of the year, 15 times, 30% plus. and then google not only trading 10, 11 times, it has great alphabet coming up for investors. >> what else do you have that now is a good time to buy alibaba, because there would be a lot of people who would say there's no entry point for alibaba, for badu, it's too risky. why do you think so? >> the general markets weigh across the markets and you have to weigh it as well as the rest of our stocks. a company that's been a dominant player, about $400 billion of total commerce annually and is growing that toward the trillion dollars or so with margins improving from the 50% level towards 60%. we just li

cory johnson: apple, facebook, google, they are building their own servers and routers. but it has hurt the business of the white box, off-the-shelf manufacturers of routers and servers which is exactly what hewlett-packard sells. they are in a tough spot because that is not the preferred device when it comes to corporate america. matt: cory johnson, thank you for joining me on this friday. i appreciate you not wearing a tie. i rolled up my sleeves. still, women are heading to the front line combat situations. we will speak with general dunwoody on the new military roles for women and changes ahead. ♪ matt: this week, we are seeing historic strides for women in the military. two women have become the first to graduate from the ranger school. the navy seals have announced they will allow women to try out for the elite team. general ann dunwoody is the offer of "a higher standard, leadership strategies from america's first female four-star general." thank you for joining us. we are honored to have you here. how did you get to where you are in the military? how have you com

one of the biggest development is a company like facebook, apple, google, amazon web services take their own. they buy specialty disk drives and routing equipment. they are buying the circuit boards. they are not buying up data centers. hb has doneoint, some interesting points. they partnered with foxconn to develop a set of servers they can move out a lower margin and they've had some success with that. you are also seeing places like absolute customers on the data center side for hewlett-packard. they are making progress in that area. to that point, a lot of these guys roll their own. hp was able to grow that business in a world where supposedly everyone is going to the cloud. that says people are building out privately as well as and hp is holding their own or able to grow the business in a segment of this growing data center space. it's across the whole board, but i'm actually pleased with that number. cory: roll your own, grow, space. matt: sounds like he's in california but he's in massachusetts. are they going to need to compete against oracle and sap as well? ways.they do in smal

. >> public cloud is issued by a few different companies, google, facebook, amazon, alibaba and so forthervers using non-brand-name stuff, particularly avoiding companies like hp, dell, and ibm or lenova now. they are sidestepping brand-name makers and that is where the growth is in stores, in servers, -- amazon,lever guys with facebook, google, and double making their own stuff. they are building customized stuff or their needs. >> meanwhile, corporate i.t. spending growth is 3% and data center growth here is in the 30% and 40% over multiple years. corey: i think it was 30%. how do you pivot your entire company, which for decades has been primed or corporate i.t. spending, and meanwhile, corporate spending is we get best and public growth, public cloud spending is great. olivia: sentiment is negative, the five-year revenue spend trade is abysmal, what will move the stock when results come out? >> i think there will be focus on split mechanics given that the split is impending and they want to see progress on that. they want to see progress on how .uch cost is going to cost it is already

more days sets you up for 105. >> what you were asking also carter is what about amazon and google and facebooke stocks have acted very, very well. so i think that google was really interesting after its report. we had that massive gap. it came in a whole hevg a lot. i think how you play this is the qqq, the nasdaq 100. i'm long september puts in the qqq. apple makes up about 13% of that. the other ones make up a ton. i think the top ten make up almost 50% of the weight. if you are going to pay for leadership failing, that's how you do it in the qqq. >> how are you trading? >> i'm in some apple calls. right now i'm feeling the pain. this is a single day -- as guy points out, i don't think you want to put this on one day. but multiple days we close under 120 i've got some concerns. i look at the xlk still above the 50-day moving average. we talked at the top of the show spiedrs have held up. this xlk looks like it's going to break down. apple looks to lead the way if it pnz continues. >> apple i bought 123, 124. probably every guy here said that's a level i'd step in and buy the stock. the other

wall street is recognizing kids are on facebook, google, netflix and the disney advertising stream, the latter was gone from an oddity, a bin himing way to watch a lot of old tv movies. i should have realized this, the ceo of clorox came on "mad money" and talked about switching to digital. that's coming out of everyone's hyde. you can see the media space in this mark, by far the biggest buybacks suddenly became among the dangerous sectors. it's not alone. which brings us to the rest of today. the market has gotten narrower and narrower by the day. stocks have been under distribution for ages. meaning they have been sold relentlessly and not necessarily to good hands. we've seen endless slaughter in the transports even as oil has gone down, what a crucial tell that was. we've witnessed horrendous day after day destruction in the industrials as the strong dollar writes the earnings growth. we've seen the financials roll over because of a carolina nodity crash that sent interest rates plummeting to levels that banks don't make much money. we seen very good oil companies lose billions and

withdvertising, we compete facebook, google. we compete with twitter. we compete with these behemoths that are much larger than we are, these large organizations, so the amount of inventory online could be infinite. the more you have, the lower the advertising rate, typically. it's a hugely challenging environment. we are all struggling with what is a sustainable economic model? beenhe times, it has digital subscriptions. they have been better at it than anybody else. a millions instructions and that's great. on the other hand, it has pretty , i think, andut that is a challenge for them. how do you generate growth if your subscriptions have plateaued? as a result of that, there is a push for foreign subscriptions. there's a big push to see how many english speakers we can get overseas and just grow the international audience. there's also a chinese language mission. experimentst of going on with translated versions. -- there are know a lot of english speakers of over the world, and the times likes to think of them as potential readers and subscribers. e

google's stock has gotten very hot. they watch free facebook like they used to watch television. they park themselves in front of it and stare at it all of the time. remember just last week i blessed everyone to be a total idiot and it was down $82. >> this was an amazing quarter. i'm urging people to just go sell it. go sell it! just go be an idiot and sell it. sell it to 89 because the first amendment allows everyone to do things that are incredibly stupid and that was one of the founding fathers' major principle. >> i studied constitution at harvard law. i know this. i wonder how many of these well-intentioned fools are buying it back at $94.88. it's true. go listen to the activision blizzard call or the electronic arts call. i think people that do nothing, but play video games. i'm watching and how about take two interactive. that's going higher. remember just because you don't play doesn't mean the younger generation grows out. the other day ea reported a number that was weaker on the surface and with big themes like this you have to give it the benefit of the doubt. i bough

the competition for google, in its core business which is advertising is different than facebook. have twitter eating away at things. will the moonshots amount to anything? >> this is the time to make the move. you have a good quarter and you make the big dramatic changes that might otherwise spook investors or be seen as a sign of deceit. they are not doing this while they are being clobbered, they are doing this while they are running high and the stock has been on the increase. so, you know, this may be where they can get away with it and it shows commitment to the core business in a different way. host: to recap, larry page became the ceo of alphabet inc., a collection of companies, including google. the day-to-day runner will become the ceo of google. what will you be watching for in the new world of alphabet, which has been google. >> i'm trying to digest that. i'm reminded -- the other night i was at a dinner party and someone interrogated me with "why does google do google maps?" it does take some explaining what the ecosystem is, but most things they have been doing try t

microsoft beat ibm, google beat microsoft, facebook are beating google in mobile.ohn: mark is using market cap. he used 10% of his market cap to buy whatsapp. he is aggressively using the asset that he has, market capitalization, to find the next wave and make sure he is there. david: and in most of those examples, complacency snuck in. mark is the least complacent guy you're going to meet. emily: chamath palihapitiya, early facebook employee, just said he thinks the facebook killer is going to be built in two or three years. john: i do not think that is right. you really need a new platform to emerge. it is not obvious to me what the platform is. we are early on mobile. what is possible is that we are starting to internalize what it means to have a tiny supercomputer connected to the global internet in our pockets all the time. strapped to your wrist or whatever. it is not vr, ar, that will suddenly disrupt the market. something that looks like a toy for a little while. but i do not think the next two or three years will be when that happens. david: i am a big cha

to the benefit of this, to a facebook, google, twitter, that's where the ad dollars are going.hat's only going to get more and more as you go through this whole cycle. >> they say without multiple expansion it all comes down to the numbers. what else? >> did they put viacom on that list? that's the one name that fundamentally stands out to me. what is it exactly that viacom is in the 2015 and world? clearly things are much different than it was in years prior and it's being reflected in their earnings and stock performance. >> you need an activist in that name but i can't happen given the stock ownership. >> that one has been destroyed, down 42% year to date. >> they rank viacom at the end of their list. they do sort of a score card of where they see each of these companies. dish is their favorite. they like charter, time warner cable. >> comcast, our parent. >> it goes down the list. then you've got viacom at the very end of the list. >> the thing is, there might be some disadvantage to being content versus distribution today. but that football changes hands every couple years

i think it's important to put the google and facebook up. but the close, but one of the reasons we've been weak in the last half-hour. so europe is looking poor and germany is looking poor and simon will give you details. there you see what's been happening in the last half-hour in germany. they're down 7.5% for the week. it's been a rough day for high beta sectors, solar stocks are notably weak today. cybersecurity, the pure funds one, the second one. and social media and biotech weak. the vix popping up over 20, it's at 23, it's moved 10% three days in a row. that's extraordinarily rare. usually that signals at least short-term bottom. but amentioned, carl, many times i start paying attention to the vix when it gets over 20, it passed it a short while ago. >> we haven't seen the vix in over 20 in quite some time. oil a central focus of our market action. prices sliding again. wti down 2.5%. brent down more than that. u.s. crude on track for its eighth consecutive weekly loss. the chinese slowdown continues to weigh on that sector. let's br

>>> a new effort to crack down on child pornography online, a group announced today that facebook, twitter, google will be the first companies to use what's called a hash list to find and remove child abuse images online. a hash is a string of code that can surge as a digital fingerprint of an image. it will allow companies to remove images quickly and keep them from being shared. >>> the san jose city council is expected to approve a one year pilot program to allow police to use an unmanned drone. the department would use the drone in two key roles, to assist the bomb squad and help officers in the case of an active shooter or other high danger situation. the public has been allowed to weigh in at several meetings, which focused on concerns about vairns and privacy. the program needs to have the approval of the faa before the drone could launch in 2017. >>> happening now, we have some very special guests joining here at abc 7. this morning i had the great pleasure of meeting local non-profit organizations doing great work in the bay area. they're here as our guests for a free work shop. our paren