all intoat perspective, i want to bring in the former head of google china. is the founder and ceo of china's innovation works, the largest startup incubator. , thank you for joining us today. you are on the ground and based in china. are their fears about the china slowdown over loans? kai-fu lee: well, it is slowing down. overall economy has slowed down a little bit as we can see through the numbers. .hina really has two economies one is the traditional economy. one is the new economy. tech, e-commerce, social networks, the consumer service economy has been growing dramatically. the question is, will the growth in tech be enough to offset the traditional -- betty: will it? kai-fu lee: growth is tremendous. but it is small. i think a drop in the overall economy is moderated, there will be time for it to be offset. i am not an economist. isty: the tech industry still relatively new in china versus some of the older industries like manufacturing, the industrial sector, and so forth. there are questions people have raised when they look at some of the stock ris

and a former google china president on his take of tech valuations.s coming up next on bloomberg markets. ♪ david: welcome back to bloomberg markets. let's turn to politics and the race for the white house. all eyes are on south carolina after tuesday positive first in the nation primary. on the republican side, donald john kasichsily and came in a better-than-expected second place. it was a big night for bernie sanders, his message propelling him far ahead of hillary clinton by almost 22 percentage points. let's bring in our bloomberg politics reporter. you are at john kasich's party. he threw a big party and he had a big night. he's really excited. it's no donald trump, but this is now a battle for the top of establishment spot. everyone is talking about his ground game going forward. there's some skepticism about the robustness of that in south carolina. guest: he has an uphill climb. he went all in in new hampshire. he's going to talk about his armed services record and he is going to expect a lot of hits coming from all sides. marco rubio flew to

on the other hand, given what's going on globally with china wanting back doors, russia wanting back doors, google kicked out of china because chinese hacked google, so apple has been on the forefront of securing their product from all attackers whether it's criminals, nation states or governments, and the moment they give the back door key to the one phone to the fbi, then they don't have a leg to stand on against the chinese or others. liz: there's that and there's breaking the law in a way, judge napolitano made this case this morning, you'd be asking apple to break the law. hack into somebody's phone that didn't give approval to do so. here is an apple statement from tim cook. among other things he said the government is asking apple to hack our own users and undermine decades of security advancements that protect our customers. can we put this up? there's the quote -- the precedent-setting issue is big when it comes to privacy issues. they'll fight that, won't they? >> absolutely. this court case will linger for years. at the balance is, we don't really know, if there were other players respo

once the stand is out there which is many times as seen as china's google, bidu. d not the same story for ali baba. the stock, given the selloff that beef soon seeing in china names it's now trading 1% the lowest in opening day price. we've seen a significant drop in a lot of the china tech names despite speaking with private equity investors, when you ask them, why do you want to invest in china given the concerns about the economy. they say it's just explosive growth rate when you say look at the internet specter there that keeps them involved. >> interesting moves in the stocks, but aside from that, consumption such a key potential in china with other areas suffering this particular ten-day spending spree. >> it's supposed to be. the bounce in economy with the economy, we're hoping that happens but over time everybody has questions. it's supposed to be one of the biggest migrations that we see in china. >> travel is always a nightmare. everyone always says. >> thank you. >> thanks very much. >>> now, for this morning's top trending stories. eli manning looking p

however, the company sometimes called china's google, saw sales growth slow. >> unhappy gaming for nintendo, which has slashed its full-year profit forecast. poorer than anticipated sales of its 3ds hand held console. a stronger yen saw the japanese game maker lowering its operating profit expectations for 2016 to 33 billion yen. that's down from 50 billion initially. >> and shares in sharp tumbled in today's trade amid concerns that foxconn may drop its bid to acquire the troubled japanese electronics firm. within the last few hours, sharp rebuffed its claims had been mistating its liabilities. the ceos of both companies are planning to hold further talks today. this story really shocked me when we got the breaking news yesterday that suddenly the final deal was not going to be signed. happened here on our show after we'd heard about the 5 billion acquisition taking place. reuters suggesting it comes down to that contingent liability that sharp has, that perhaps the due diligence foxconn foxconn carried out were in question. how could they not know about this discrepancy? we're talking abo

we call that china's google, sales up 33%. we are up 11%. that is not a bad game.er sales and herbal life in the news recently, stock is up 21%, same story at kraft, don't know if they have the same game, it is up 4% at 77. palo alto network, the same online security of be forecast at 8%. disappointing numbers from monster average, the editing people down 2%. back to gdp gross domestic product revised to show 1% annualized rate for the economy. that is not good enough. liz: we have fallen through the looking glass when they say it is better than expected. this should not be the normal. the u.s. economy teetering on the brink of recession. according to water cooler talk on wall street. stuart: what is the white house going to say? is a spin everything positive as the economy has grown 1%. i am waiting for the statement. liz: how will be candidates respond? stuart: hillary, what are you going to do? >> we have disfunction when all of a sudden lying on the central bank supervised growth when fiscal policy is going to drive it for the future and that is it. central ban

it was the slowest quarterly sales growth for the company that's often called china's google.arning revenue growth will slow further in the first quarter. they're investing in more tangible goods, delivery, infrastructure. similar to alibaba. stock up 9% on that sales beat. >> and if we see that chart again, a nice rally throughout the last six weeks or so. one of the stocks in china that's managed to shrug off concerns of the recent weeks in the start to the year. other stocks to watch, goldcorp. reporting a big fourth quarter loss. the company expects gold production to fall this year. it remains focused on cost cutting efforts. down 7.5% in premarket. herballife in talks with the federal trade commission over the probe of its business practices related to accusations made by hedge fund manager bill ackman. the outcome of the talks uncertain. it bounced significantly today, up 13%. monster beverages' fourth quarter results were much lower than expected. demand for its products remain strong, but the company was hurt by weak foreign currency and inventory shift. do down 7.5%.

they were able to virtually travel to the great barrier reeve and the great wall of china, it the is all part of the google expedition program. employees from google or traveling to schools across the world, to get students this unique experience. >> great way to get kids to have a hand on experience, get to see what they are learning about, and just a fun way to dive into what they are learning. >> it really opens up learning pathways for our students to really take the things that they are seeing in their textbooks, to learning it on their classrooms and applying them and actually seeing them. it is like you are there. >> reporter: other countries participating in the program are australia, brazil and new seal land. look at the old view master. that is great. >> well, one school in philadelphia is celebrating black history month like many others around the nation by highlighting accomplishments of extraordinary african americans. >> as our rahel solomon reports black history at one school is not the just part of the curriculum in february, it is taught every single day. >> we are african-american. >> rep

google pulled out of china rather than to capitulate to china's demands at that time.nuckle under too easily the integrity of the apple products and everything they've built in terms of privacy is up for question. but they do have responsibilities here. and part of this is we're overstating positions. it's a shame that these things are being done in public. usually these are done with private negotiations. i don't know why there wasn't a court order that was done under a seal of some sort. i had discussions with others the other day talking about how these things used to be on in the old days. these things were resolved quietly. it was al capone who said you can negotiate with a gun and a kind word better than negotiating with a kind word. perhaps the government came on a little too strong and apple had to put their backs up. >> you're suggesting that tim is disingenuous in his view here? i think he's pretty genuine in his view, whether you agree with it or not. >> he is genuine. he is taking an absolutist position. i think the overstatement is comey is insisting -- yo

david: you is in a facing -- google isn't facing a slower growth market in china. think is a lot of wind in the sales for google. the: i want to go back to decision to provide transparency. -- bob: is this an argument for transparency? they can afford to take some of these moon shots in terms of artificial intelligence and driverless cars. the street is willing to give them the rope to make these moon shot investments. when they came public, right there in their perspectives was a statement they will spend 10% of their expenses i'm including capital spending on moon shots. they said that right up front, and it's exactly what they have been doing. canwe get transparency, we to the profitability of the core business and what they are spending on these investments. stephanie: we go through insight last week from barry diller about what it's like to be a company interfacing with google. take a look. serfed on of us are the land of google. that's just reality. as i told google, it's ok, it's sensible to treat your serfs well. if you don't, history has said they rise up o

china. a live report from beijing next. plus, google's ceo throws his support behind apple in its encryption fight with the united states government. we'll bring you his comments straight ahead. >> plus, as you can hear, it is throwback thursday. we're throwing it back with some old-school rap music this morning. tell us what music you want to hear. we'll take your requests. add to our collaborative play list on spotify. you can get the link by liking us on facebook or following us on twitter. we have a great twitter question coming your way on politics with tracie potts in a moment. stay tuned. you're watching cnbc, first in business worldwide. cathy's gotten used to the smell of lingering garbage... ...in her kitchen yup, she's gone noseblind. she thinks it smells fine, but her guests smell this. ding, flies, meow febreze air effects heavy duty has up to... ...two times the odor-eliminating power to... ...remove odors you've done noseblind to [inhales] mmm. use febreze air effects, till it's fresh and try febreze small spaces... ...to c

google's drone project. stock exchange with that and more. >>> stock markets in asia lower on a weak manufacturing report from china. the shanghai composite lost 1%. japan's nikkei added 2% to finish at a one-month high. gasoline prices are continuing to edge down. aaa says the average price of a gallon nationwide is $1.80. this time last year, the price was $2.05 a gallon. facebook will reportedly ban the social media site and on instagram its photo sharing service. facebook is a marketplace to buy having to undergo background checks. the move is meant to slow the sale of unlicensed gun transactions. >>> and google is testing solar-powered drones in an effort to deliver high-speed secretive test flights are conducted over new mexico. the idea is transmit data 40 times faster than current systems. google hopes to have aircrafts delivering internet access around the world. >> sounds interesting. jill wagner at the new york stock exchange, thanks a lot, jill. >>> coming up. diversity dominates the sag awards. black actors take some of the top honors at the screen actors guild awards. lose weight while eating healthier

. >> google couldn't live stream to china could it? >> i don't know about that.ng factor was the nfl game. when yahoo! did the nfl game successfully he said bingo. 19 million people saw that. so if we were able to execute that we should able to do this. >> there were some questions last weekend when you had super bowl, there was a cbs app. if you don't know how many people will show up how do you plan? >> we have this capacity. infinite capacity. i was telling brian i'm not a streamologyist. >> is that a real word? >> no it's not. >> it is now. >> technical people at yahoo! know about this. the problem with streaming not like tv. it didn't work. swell your dsl connected? know is your internet provider? there's so many different parts and elm are lals blaming. the nfl game went great. people complained. people a complained about the grammys last night. if you look into it it's not the internet company doing the streaming there are other things not working. >> you mentioned to do it in dman rhine at some point either live. you don't have the same issue with india.

google's drone project. jill wagner is at the new york stock exchange with that and more. >>> stock markets in asia lower on a weak from china. the shanghai posit lost 1%.verage price of a gallon nationwide is $1.80. this time last year, the price was $2.05 a gallon.eportedly ban the private sales on its social media site and on instagram its photo sharing service. facebook is a marketplace to buy and sell guns without buyerso undergo background checks. >>> and google is testing solar-powered drones in an effort to deliver high-speed the air. conducted over mexico and the idea is transmit data 40 times systems. google hopes to have aircrafts delivering internet access around the interesting. stock exchange, thanks a lot, jill. >>> black actors take some of the top honorsactors guild awards. beyond the scale program and not just the number on the scale. lose weight while eating healthier,martpoints. and move more by including fitness in ways that work for you. see how good you'll feel new weight watchers beyond the scale program! join for free now and lose 10 pounds on us. l on tv in background) with heart failure, danger is

google would be another potential option. david: thank you so much. mike olson joining us from minnesota. coming up, china's central bank pumping another $15 billion into the country's lending system. is it the right move? we will look at the latest data. rough seas for royal caribbean. the strong u.s. dollar and rising interest rates take a serious bite out of profit. oil getting crushed today as traders free with crude --ckpiles rose ♪ david: welcome back to bloomberg markets. time for your bloomberg business flash. a judge's order and yahoo! to hand over documents detailing her some liar's firing of her -- marissa mayer's firing of her former secondha in command. the judges said her conduct is worthy of investigation. shares of exxon mobil falling today. the world's biggest oil store cutting its budget to a 30 or low. -- 30 year low. takatside panel finds that ta had no program in place to -- theality problems airbags have been blamed for 11 deaths. that is your bloomberg business slash update. julie: we are seeing this acceleration of losses as the day goes on. dowmajor averages, the falling to its lows

google. facebook, and more. >> >>> jazz jazz >>> welcome to the newshour. these are some of the stories we are covering in the next 60 minutes. chinaccused of deploying missiles to a contested island in the south china sea. hundreds of trucks packed with aid head to besieged towns in syria. >> and reports from a rebel base in myanmar, as the new government seeks to

china, russia. >> reporter: apple insists it will stand firm despite the fbi's insistence it needs the data. executives from companies like google had come out in support of tim cook and apple. tonight at 6:00, we'll let you know what local politicians had to say about the battle. reporting live in cupertino, scott budman, nbc bay area news. >>> our coverage continues on "nightly news." we'll take a closer look at this privacy versus security showdown and what's at stake. it begins at 5:30. >>> just into our newsroom, new photos of a man suspected of setting a hillside fire in belmont. a witness snapped the picture as the man was sprinting away from the flames on saturday afternoon. investigators tell us they found a lighter at the scene. if you recognize that man who is running, call them. thankfully the fire was knocked down quickly. only about a hundred square feet of brush actually burned. >>> he faced a judge today. this man, robert vega. he's accused of killing an off-duty east bay police officer. this is the officer. he's the grandfather of the suspect's child. nbc bay area's jodi hernandez was at the court today. some fa

google, microsoft, all of these. >> how about the market share? because of the amount of people in china russia that are using apple products. lou: bill, you get the last word? >> well, i just think this is a horrible set of circumstances that didn't have to happen this way. apple has to acquiesce to the judge's order to let the bureau in this one particular case as rebecca points out. let them into this phone to figure out what information is on there? maybe there is nothing that's detrimental, but you can't take that chance. lou: that's not their judgment to make. it is of that the united states government. >> absolutely not. lou: bill gavin, rebecca rose woodland, thank you for being here. breaking news, targeting taxpayers last may was far worse than previously reported. they say it's seven times that number. 724,000 taxpayers. in other news tonight, former supermodel cheryl tiegs under fire for calling full figure models unhealthy. her word. she says curvy or plus-size models shouldn't be glamorized on magazine covers. controversy in san francisco tonight as well after that city say

google it. the second thing about the trade war, i don't understand, your ties in the clothes you make is in mexico and china. you're going to start a trade war against your own ties. >> do you know what? they devalue their currency. >> well, then make them in america. >> you don't know a thing about business. >> no. make them in america. >> they devalue their currencies. they devalue their currencies to such an extent that our businesses can not compete with them. >> that is why you make them in china and russia. >> you don't know anything about it. >> you don't know anything about bankrupt in court. >> and you don't know anything about going to university. there are people borrowing $36,000 to go to trump university and they're suing him now. $36,000 to go to university. that is a fake school. do you know what they got? a cut out of donald trump. >> i want to move on. >> they did a very good job. i won most of the lawsuit. >> most of the lawsuit? >> excuse me. am i allowed to respond sth. >> you've been responding. >> no. i haven't. >> he's talking through the whole thing. >> here's the guy that buys a hou

google and linkedin, see slowing growth internationally. emily: this is the only u.s. social network that has found a way to break into china, albeit slowly but surely through a joint venture. we have been listening to jeff weiner on the call. take a listen to what jeff had to say. jeff: as we look towards 2016, you can expect to see linkedin content more deeply integrated into the core experiment as well as deeper integration across our premium products. we also see a great opportunity this year to leverage our go to market strategy to continue to deliver content into the enterprise. emily: in san francisco, would you agree that there is a mismatch here between the strength of the business and a perception of the strength of the business? >> it's funny you commented on facebook earlier. if you look at the new guidance, 2016 expectations are facebook is growing much faster. linkedin trades higher than facebook. this is a growth expectation stock. a couple of reasons is the phaseout in the solutions businesses. there are online sales that is happening. in the core talent solutions. they are focusing on a narrower product. so

china down on weak economic data. shanghai down. world health organizations held meeting to find out way to battle zika virus. >> nicole: stock to watch today googleeahawks russell wilson leads team irving over rice. broncos and panthers arrive to california. welcome to fbn:am, first look at morning markets, breaking news and what to expect on the day ahead. >> nicole: holding final rallies in iowa before crucial caucuses. according to latest poll donald trump leading the gop race in hawkeye state with 28% followed by ted cruz at 23%. marco rubio coming in third and ben carson taking the fourth place, spot there with 10%. meanwhile senator cruz intensifies tax on rival senator rubio. >> this morning marco was on national television fainting high outrage that we would send out the mailers, as you noted this afternoon, it was revealed he had sent out a mailer virtually identical to us. >> calling rubio, quote, the republican obama. rubio fires back at cruz accusing him of using negative and false attacks. >> senator cruz has built campaign falsehood that he's the only conservative. they realize he's not raw consistent conservative, he's a politicall

it's great to seep a company like google and facebook that don't have to get knocked down by china headlines. >> that is a great point. thank you so much. those shares up nearly 6%. more coming up with the rest of the crew at fast money at 45:00. there's something boone pickens is missing about oil. and it could mean troubling for stocks. we're just getting started and we'll debate whether you should buy or sell the stock right now and how worried should you be about the zika virus outbreak? the head of the mt. sinai health system will weigh in later on "the closing bell." you're watching cnbc, first in business worldwide. >>> alphabet popping 5.5%, it means by the way that alphabet's market cap surpasses apple's 570 billion compared to apple's 535. let's get more from raymond kessler and ed lee. anything you would nit pick here? >> it's nice to see more detail on google earnings itself, google proper broken out of the moon shots and big experiments they are doing. what was interesting, the operating income is slightly better than it was the same quarter previous leer, like 32% versus 31%, m

google is a good example of that. such dominant share in the english speaking world. very much behind in china.t's ahead with android operating systems. i think at the moment, the competition is at the low end for these companies. as these companies get bigger and better, i think they're going to face competition across the board. >> and more global. alibaba going public in the united states in the biggest public offering ever. what are the global ambitions of these chinese companies, which have done well in their own market. >> all right. we're close to the top of the hour. that means joe, becky, and andrew are hard at work prepping for today's edition of "squawk box." becky, thankfully, has taken a brief break from that preparation to join us now with a look ahead at what's coming up. becky, yesterday a crazy day. 400 points down for the dow at one point. >> yeah, we're going to be digging through that a lot today. we're trying to figure out what's happening. obviously you saw the technology stocks suffered more than the overall market. we're going to be digging into technology and what we're

google it. the second thing about the trade war, i don't understand, your ties in the clothes you make is in mexico and china. you're going to start a trade war against your own ties. >> do you know what? they devalue their currency. >> well, then make them in america. >> you don't know a thing about business. >> no. make them in america. >> they devalue their currencies. they devalue their currencies to such an extent that our businesses can not compete with them. >> that is why you make them in china and russia. >> you don't know anything about it. >> you don't know anything about bankrupt in court. >> and you don't know anything about going to university. there are people borrowing $36,000 to go to trump university and they're suing him now. $36,000 to go to university. that is a fake school. do you know what they got? a cut out of donald trump. >> i want to move on. >> they did a very good job. i won most of the lawsuit. >> most of the lawsuit? >> excuse me. am i allowed to respond sth. >> you've been responding. >> no. i haven't. >> he's talking through the whole thing. >> here's the guy that buys a hou

china. >> and to myriad other places in the universe. montgomery county schools is the first school system in our area to partner with google to offer the expedition pioneer program and smart phones inside cardboard boxes and an app takes the kids to a location virtually but more assignment is the question of children putting there was a google rep there that said take a few minutes. >> nor ais member of an organization saying safe tech for schools maryland fighting for safe use of technology in the come. it's not just google sxed daitions that has them concerned it's the whole program in montgomery country. they reachedly purchased 40,000 laptops and chrome books for sfrupts third grid high school and up graded wifi system installing routers or access points some in middle of classroom ceiling over student desks. they're emitting radio frequencies all day long. >> they need to teach students how to show devices. >> chief technology officer for mcps declined an interview with fox5 and in board of education meeting last september he said reducing wifi in school system makes no sense. >> i can got live by precaution arie principle on this

google it. the second thing about the trade war. i don't understand. the ties and the clothes you make are made in china.t make them in america? >> they devalue their currency. it makes them -- >> make them in america. >> you don't know anything about business. >> make them in america. >> they devalue their currency. china, mexico, japan. they devalue currency to such an extent that our businesses cannot compete. our workers lose their jobs. >> i don't know anything about bankrupting four companies. >> you know what? >> and the fake university. >> that's called -- >> there are 36,000 at trump university and suing him now. $36,000 at a trump university. it is a fake school. you get a cardboard cutout of donald trump. that is what you get for $36,000. >> here's a guy that buys a house for $179,000. he sells it to a lobbyist who is probably here for $380,000 and legislation is passed. you tell me about this guy. this is what we're going to have as president? >> if he hadn't inherited $200 million, you know what he would be doing right now? selling watches in manhattan. >> that is so wrong. we're work on tha

google it. the second thing about the trade war, i don't understand, your ties in the clothes you make is in mexico and china. you're going to start a trade war against your own ties. >> do you know what? they devalue their currency. >> well, then make them in america. >> you don't know a thing about business. >> no. make them in america. >> they devalue their currencies. they devalue their currencies to such an extent that our businesses can not compete with them. >> that is why you make them in china and russia. >> you don't know anything about it. >> you don't know anything about bankrupt in court. >> and you don't know anything about going to university. there are people borrowing $36,000 to go to trump university and they're suing him now. $36,000 to go to university. that is a fake school. do you know what they got? a cut out of donald trump. >> i want to move on. >> they did a very good job. i won most of the lawsuit. >> most of the lawsuit? >> excuse me. am i allowed to respond sth. >> you've been responding. >> no. i haven't. >> he's talking through the whole thing. >> here's the guy that buys a hou

google makes android software that powers most smart phones in the world.company says like apple, it doesn't want to create a precedent that authorities could use. >>> chinaown metro station one of the busiest stops on metro. coming up, we'll show you the changes being put in place to make sure your next ride is a safer one. >>> plus new developments out of kansas this morning where we are learning new information about the man accused of killin much others in a shooting rampage. we'll take you live to hesston next. >>> we're working to get you up to the minute the meant you'inu up. new information about the man accused of killing three in kansas. >>> and we're also tracking the fallout in the presidential race as republicans go after donald trump. first, he bell has more on the cold conditions. >> you'll need an extra hot coffee this morning. temperatures in the low to mid-30s, but the northwest wind has windchills in the 20s. how long does this chill stick around? "7-day forecast" coming right up. >>> and this situation lee highway between the beltway and 7 here just confirmed that we have at least one pedestrian struck. so could be some time before tha

have to look at china and oil and european banks, and until those things add up to maybe stabilization, you cannot buy facebook, amazon, google, anything. you can't buy anything as a marketplace. oil had extremely bullish inventory levels. look what happened on a daily chart in oil. extremely bearish activity. it looks like it's going to the teens. can you not buy the overall market because there's no growth. >> all right. our next guest south with a very bold call. he says stocks could rally another 10% from here so what it is that the bulls are missing. let's welcome ed yardeni. 10% sounds great from here but you're down 10% but you're basically calling for a flat year. >> basically a flat year. i mean, you made it sound like i was all excited about the market for this year, but actually i think we'll have another year like last year, very difficult, very choppy year, and i think once again central banks are going to be the key here, and i think to a large extent investors are kind of giving up on central banks having any ammo and maybe even running out of fairy dust, and today's commentary by janet yellen made it very clea

google fiber, that is a cable company. so seems like there's a little bit of redrawing of how all companies aret regulated, as more and more combine. topic? bennet, another >> well, i think the u.s. and china, the cyberrelations two countries is going to continue to be interesting. it has fallen out of the lastines somewhat in the few months, following, in september, president obama and president xi agreed to corporateto end hacking. the kind of hacking where a steals another company's intellectual property and then perhaps gives it to a domestic competitor. all analysts have said that the u.s. economy is losing hundreds of millions, billions of dollars every year, because of this type of hacking. and they struck a deal to end this type of cyberattack. yet howdon't know that's worked. the white house has said it doesn't necessarily have a show people, to prove whether china is or is not adhering to the deal. should see the white house in a couple of months come out with some indication of china has gone along with its promise. results of that could actually be very telling for the future of u.s.-china cyberrelations. right before that deal was struck, there were many reports, and the white