it's up to jeff bezos if he wants to invest in something else. the truth is, i don't have a venture capital fund available to me, i have my newsroom budget, when somebody comes and says i would like to start this and the amount of money required is 10% of what my newsroom budget is, i'm not able to fund that, the owner of the company, the person who owns 100% of the company is the only person who can make that decision, and as i said, it was never his intention to start within the washington post, it was always his intention to start outside the washington post. >> so let me reframe the question. you know, i think of this as the ezra cleining of journalism, now everybody wants to be their own entities or a lot of people do. is this a good thing for our business or bad thing. >> i think it's actually a good thing for the business. i think it's a sign of health, actually. i think, you know, more power to him, i wish him the best of luck. i have, you know, it's fine, the fact is there's now capital to start entrepreneurial ventures in the media indu

he said jeff bezos has always thought big.ezos is not interested in small shifts or polite progress. he wants to affect change on a massive scale. >> first of all, my dentist is not happy about that, but -- >> he was telling me about you though. >> every time we do something we don't want to do me too. we want to do some wrinkle on it some improvement, something the customers have a chance offing are responding to. transparent is a perfect example. when the team decided to go ahead with the full season, you know, we're very aware this is a topic that would make some people uncomfortable, but it's also an important topic and one weed in a lot of passion for and it's one we could see. there are two ways to go about deciding whether to make a show. you can ask yourself how many mihmions of people are going to watch this show. i think that leads you into corners that aren't interesting. or you can say, you know, is the creator of this show incredibly passionate about this topic? is the creator of this show one of the world's great

getting exposure to somebody like jeff bezos at that moment in time and seeing what he has accomplishedoday is amazingly rewarding. i have been able to keep up with him. he is a large investor in our fund and one of the smartest, quickest thinkers i've been exposed to. >> what has surprised you most about amazon and jeff bezos, now almost 20 years later? >> he has convinced wall street that he is playing this super long-term game, and they let him forgo profits for what is now 20 years. it kind of goes back to what we were talking about with the overfunded startups. he gets to play a different game because he has convinced them it is ok. >> is it ok? >> every investor gets to decide that on a daily basis. i think there were multiple periods in amazon's life where people doubted whether the model had long-term legs and they forced him to show more profitability, which he did, and then backed off of. >> does it matter if amazon never turns a significant profit? >> it only matters if wall street comes to doubt they can. >> will amazon have the confidence of wall street indefinitely? >> boy

and jeff bezos joins us in studio with actor jeffrey tambor starring the hit series "transparent." the "cbs morning news" for this wednesday. thanks for watching. i'm alison harmelin. have a great day. -- captions by vitac -- www.vitac.com >>> good morning, everyone. taking a live look from the golden gate bridge. i'm sorry but that view never gets old. love that bridge. >> a little foggy. >> a little foggy. >> and no cars. >> that's not bad, though. good morning, it is wednesday, february 4. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. 4:30 out the door, a little traffic and weather. and roberta, it's all yours because it's all about the rain that's coming up here shortly. >> i think you nailed it. whenever we post a picture of the golden gate bridge on the website it gets thousands of views. we have fog in the bay area. areas of patchy dense fog across the vallejo area also in pleasanton in the east bay. otherwise mild. temperatures up to about 70 degrees. rain is coming. good morning, elizabeth. >> they were also right bus there was no traffic on the golden gate br

jeff bezos is at 18% now. e, could he see activists come in the way microsoft has? >> i think it's a bit early. bezos was at 41%. now he's at 18. that's below that 20% threshold people look at. it's going to be about performance. if amazon can deliver like it did this quarter, the past quarter, investors are going to be happy. but a year from now, two years from now, who knows. and also who knows what bezos' own intentions are. >> and he's proven he can do a lot in a year in either direction. the information was one of the first outlets if not the first outlet to report on the eminent spin of papal from ebay. we have to talk about what's going on there. i'm wondering what you see at that company now that don hoe has said enterprise will spin off. >> i would look for deal making, but it's hard to tell who. people say alley baa baa would be the obvious one. i think it's up for grabs. walmart is another name i think about in the back of my head. i think it's too early to say yet. >> that's an interesting combinati

ceo jeff bezos a rare appearance on "cbs this morning" to talk about amazon's series "transparent requestsch won the golden globe for tv sears and asked about amazon's profits or lack thereof. here's what he had to say. >> we keep find new things to invest in but we have great frans franchises we've built over time, e-commerce, amazon prime, video, and, you know, kindle and amazon web services. and then we're also always investing and looking for the next -- >> investing and we won't make profit because we'll always find better investments. >> i don't know about always. that's a long time. >> always is a long -- at least we know somewhere down the road, kayla, thinking about profitability as opposed to investment. >> you didn't hear fire tv, you didn't hear really anything mentioned about fire. it's pretty clear, when you hear him listing his top priorities for the business, how he sees them segmented and how he sees them prioritized. the most fascinating statistic about amazon was in a "wall street journal" last week, in its entire corporate history not including this past quarter, 400 pl

. >> did you idolize jeff bezos and the bill gates?> everybody knew the bill gates story by heart. what's cool about microsoft is that you can actually go and be a product tester. a lot of people from high school would actually go to microsoft and test new products and they would give you a free mouse. >> you met your cofounders in middle school. tell me about that. >> the first cofounder of box, our chief financial officer, we actually played trumpet together in middle school. neither of us were good at that. throughout middle school and high school, i did a lot of stuff on the internet with jeff and later in high school. >> tell me how box began. >> if you go back about 10 years ago, not a lot of innovation happening. it was really hard to do basic things like, how do you share your files and access data from anywhere, and how do you collaborate and work with other people. i was in college at the time. what if you could have these sort of hard drives in the cloud that would let you put all your files in these hard drives and access i

and jeff bezos joins us in studio with actor jeffrey tam bore starring the hit series "transparent." for watching. i'm alison harmelin. have a great day. -- captions by vitac -- www.vitac.com >>> breaking news right now a raging apartment fire in montgomery county, we are live, on the scene as fire fighters battle the the the flames and frigid temperatures making several daring rescues. good morning everyone we're also learning that at least one person was seriously injured. thank you so much for joining us i'm ukee washington. >>> i'm quarter von tiehl. we have more breaking news a horrifying scene a deadly plane crash caught on dash cam video just an unbelievable sight. we will have latest on the desperate effort as death toll rise these morning. >>> investigators are trying to figure out why an suv was sitting on the train trackness new york causing the worst crash in metro north history we will have the latest on the disaster that left seven people dead. >>> those stories and much more coming up but lets start with the forecast.

i would love to have a conversation with jeff bezos about the self-destructive nature of this particular strategy. emily: amazon is arguing that books must be cheaper in this environment where there are so many media distractions. do you have any sympathy for their argument? malcolm: complete sympathy for it. i just don't understand why, in order to get to that preferred outcome, they have chosen to screw over the people who bring revenue to their business and customers to their site. emily: do you need a traditional publisher for your next book? is there another way? malcolm: is this an industry that is going to be disrupted, the answer is absolutely. will i have the same arrangement for my next book that i had for this one? unlikely. but the arrangement i had for "david and goliath" is better than the arrangment i had for books that came before it. i can imagine a world without traditional publishers, but i can't imagine a world without traditional bookstores. i would like to see a revision of the publishing environment in a way that ensures the continued success of the physical bookst

. >>> ceo jeff bezos is going to join us for a rare television interview to talk about hiss success andstar jeff are tabor and the creator jill sol ohway. that's next on "cbs this morning." licious serving provides... 10 grams of protein to help maintain muscle, and 26 essential vitamins and minerals including calcium and vitamin d to support bone health. plus, boost contains 3 grams of fiber which helps support digestive health. try boost original nutritional drink today. you wouldn't do half of your daily routine. so why treat your mouth any differently. brushing alone does less than half the job leaving behind millions of germs. complete the job with listerine®. kill up to 99 percent of germs. and prevent plaque, early gum disease and bad breath. complete the job with listerine®. power to your mouth™. also try listerine® floss. its advanced technology removes more plaque. ring ring! progresso! i can't believe i'm eating bacon and rich creamy cheese before my sister's wedding well it's only 100 calories, so you'll be ready for that dress uh-huh... you don't love the dress? i love my s

the alternate model is the amazon model, the jeff bezos model.f you want a desk, it is a recycled door on two sawhorses. go crazy. we are much more on the side of, let's get out the sawhorse desks. let's tamp down on the spending. >> you had a spirited back-and-forth with the activist investor, carl icahn. last week, you called him evil captain kirk. he said some things. i wonder though, do some of these activist investors actually have the same concerns you do? >> i think they are a result, not a cause. they are a consequence of companies being very cheap on the stock market. they are a consequence of companies needing to restructure. or needing to react to market changes. the activist is a little bit of a sideshow to the core question of, how is the company being run. >> is there a disconnect between wall street and silicon valley? is there a fundamental misunderstanding? >> i think in the long run -- i do not think in the long run there is a misunderstanding. >> i'm curious about your thoughts on payments. it is an area that is wide open. now

this is what jeff bezos has been driving for.e has got to get distribution points and there is rumor of them looking at radioshack, one of the smarter move they would make. they get 4000 distribution points, which are also read l stores. >> i feel like this is breaking news and tom would be ripping up the script. robin lewis says walmart could crush amazon because of all of this distribution points and retail locations. >> historically, that has been one of the things that has weight on it. they have to older stores. >> their online business is now growing 2-3 times as much as the store business. they understand they have got to be -- >> doesn't their execution half to get better as jury using the stores as distribution? i heard anecdotally, the idea of the walmart picking up in store, that yes, people are using it but it does not work well. you go to the counter where you pick up to the stuff is not well staffed. don't they need to get that? walmart lately has not been graded execution thomas -- execution period. >> i think thei

. >> jeff bezos is not the only one withdrawn dreams.testing a similar drone delivery service in china. it would give the country's commercial drone industry a boost. >> i read about this experiment. 450 volunteers signed up and drones flew across beijing and delivered them ginger tea packets the airmail. -- via airmail. the fcc will not let amazon test this mess decoy. -- this domestically. >> china's government might have a more hands-off approach. perhaps china will be the first to boom with drone shipments. i'm sure that is what amazon is looking at. we've not want alibaba to get ahead of us. >> maybe he is trying to mirror jeff bezos. this is another play that the two of them are doing side-by-side. speaking about apple and drones, apparently we have pictures of apple's new headquarters courtesy of a drone that flew over. the spaceship looking apple headquarters in california. >> it looks like a velodrome. >> it looks like a ufo. >> funny that the apple anti-air missiles did not shoot down this drone. >> we will dig into more in a m

talking about elon musk, richard bran sonson branson, jeff bezos.y're entrepreneurs, but they're exponential entrepreneurs. what does that mean? >> we're in a world where we have access to the world's knowledge on google cloud, cloud services for infinite computing, ai robotics. these are the tools that only the largest governments and corporations had before. today we all have access to them. we can do things that are on a massive scale. and so an entrepreneur today can actually go and build something that helps a billion people and becomes a billionaire in the process. >> your point about scale, steve, is real interesting. i think about uber is which is only a couple years old and a huge company that's been massively disruptive. >> ub ser a fantastic example. what's possible now is you can play at a scale -- go back 10, 120 years 20 years ago, it required billions and billions of dollars to play at scale. uber's valuation is above the hyatt hotel and they own no physical properties. >> i think of personalities like a jeff bezos, they start in one

jeff bezos spoke about this this morning. >> basically we have so many instrumental -- insurmountable. because of the time we started and the change that is happening because of the internet. all that opportunity. we keep finding things to invest in. and kindle and amazon web services and we are also investing. you can look at it either way. it is good news that amazon continues to find areas to invest in. amazon studios is making a show at this quality level is not an expensive but it is worth it. it is worth it to our prime members. it is worth it to bring tv into that new golden age. which i think is really happening. >> our friend charlie rose cannot [indiscernible] >> the regulatory t is going slower. the faa has their hands full trying to figure out how to regulate drones. >> amazon is considering doing more than just a pedestrian drone to look at radioshack stores. from drones to artificial intelligence. the highest-paid female ceo in the u.s. may not be who you think. martine rothblatt, took in $38 million and now they are leading the way in artificial intelligence. we sat dow

we have jeff bezos with "the washington post."here are still people who want to own the marquee titles in the biggest markets. it wouldn't surprise me if somebody approached him. it is not a viable economic business in the long term, it loses money. probably one of the best economic scenarios is rupert murdoch owner of "the new york post," comes in and buys the "daily news" and shuts it down. david: i talked to sources about that very question and if that is the way it works, mogul to mogul on a billion or 2 billion or news corporation -- the younger generations are hoping to deleverage their investment in newspapers even know a year and a half ago they split the company into. there are real regulatory hurdles. even though rupert murdoch has a publishing company and broadcasting companies, federal regulators are looking at them and it is one guy at the top of the paramedic for both. -- top of the pyramid for both. they have talked over the news about deals where they could both limp along and share some of these expenses. erik: i

. >> our friend charlie rose cannot talk to jeff bezos without asking about drums.ve us a hint. --without asking about drones. >> the regulatory pieces are going slower than i anticipated. the faa at their hands fu trying to regulatell --hands full trying to regulate drones. >> they are looking at radioshack to showcase this. the highest-paid female ceo in the u.s. may not be who you think. she runs and found aroma therapeutic. it took $38 million -- he took on $38 million last year. now she is leading the way in artificial intelligence. olivia sterns sat down with her and the latest invention, the robot with dreams of being human. >> how are you feeling? >> actually i'm dealing with a little existential crisis here. and i a line? do i exist? >> these are the types of questions that the robot and the ceo of united therapeutics are trying to tackle. >> this is a proof of concept robot based on the personality and the mind file of my wife. >> they were married 30 years ago. it is created as the digital replica of bloated with the original memories, thoughts and feelin

a little bit like jeff bezos model but has not shown up on the kindle fire. accessories,they apps other kinds of services that it can offer. i will say there is an often the city -- authenticity with the brand. not a lot of products or a lot of authenticity or voice that people can latch onto. >> yet samsung is talked about the number of phone they offer an substantially. they will make a ton of different kinds of phones. is that part of this? >> absolutely. we saw this in the pc world, too. i can remember talking to michael dell and hp, talking about how they had to get rid of the number of skews because people want one iconic product. that is true to some degree but also the idea of a product you create has to be something people are absolutely craving. that is what samsung is having trouble tapping into. samsung tends to come out with features that get in the way. they lay on top of android that people want to strip away, as opposed to xiamoi went is focused on -- it was focused on the product. >> should we be talking about market share or profit share? ap

a little bit like the jeff bezos model but hasn't shown up on the kindle fire.on accessories and apps and other kinds of services that they can offer. i will also say there's an authenticity about the brand where you don't see that with samsung. samsung is sort of the big monolith moving forward with lots of products but not a lot of authenticity and authentic voice people can latch on to there. >> yet samsung have talked about lowering the number of phones they offer and substantially they'll still make a ton of different kinds of phones but they were up over 100 varieties of phones just over a year ago. >> we saw this in the pc world too. i can remember talking to michael dell about how they have to get rid of the number of skews because people just want one iconic product. that is true to some degree but there's also this idea that the product you create have to be something that people are craving. and that's what samsung is having trouble tapping into and xiaomi has tapped into. samsung has trouble with features getting in the way. people are really excited

jeff bezos, ceo of amazon, if you bought amazon, a couple of years later it was trading at $5.ing out trying to buy that hot stock. what i did today was looked outside the box. we found stocks we consider flying under the radar, not really covered by wall street, investors never really heard of but they're solid companies. so let's take a look at our first stock. this one was very tough for me was it's all about cats and dogs. i am not an animal person. if you watch this show at all, not a dog perp. but i tell you what, i saw earnings per share over the next four years growing annually 27%. and what i love about this, it's recession proof. i don't care if times are bad, you're not buying new socks like i put on today, but you're always going to buy your dog, your cat, and take care of them. next we're going to take a look at this one, acorn incorporated. it's a generic drug maker. a lot of drugs are niche drugs. they go after diseases that aren't, you know, big diseases, very rare, very strong pipeline. they have 87 drugs right now in abbreviated, new drug status. four of them

ceo jeff bezos joins us in studio 57 along with the creator of the hit show "transparent." >>> but we begin this morning

charles: it's the jeff bezos model, my man. matt: i can't get behind it. chris. >> i think it was a classic short squeeze. people have been short. i wouldn't take too much for the move today. we would have to see probably another quarter or two. to see consistency. they did put top line growth margin improvement. those are things we like in this market. i'm not convinced yet. charles: we have to leave it there. obama wants the internet to be a public utility. i think it will kill the spirit of the internet and kill a lot of jobs. plus, how does that obama website work out? we'll be right back ♪ the future of the market is never clear. but at t. rowe price, we can help guide your retirement savings. our experience is one reason 100% of our retirement funds beat their 10-year lipper averages. so wherever your long-term goals take you, we can help you feel confident. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. call us or your advisor. t. rowe price. invest wi

liz: grounded before they ever took flight, jeff bezos probably not a happy camper today. his drone delivery aspirations for all things you order on amazon were likely just grounded in a new regulatory reality. the new proposed rules revealed just last night, who can still fly high, who else might have been brought back down to earth? hackers launch virtual raids on foreign banks stealing up to possibly $1 billion and then seeming to disappear into thin air. will u.s. banks be next, and is your money at risk? our super smart panel has the answer. and was the administration listening? we've been asking labor secretary tom perez should he or his boss step in? perez now on the west coast dealing with the situation. will it work, or is it too little too late? and beantown should be renamed snowtown. how are businesses and hospitals futioning, and -- functioning, and where are they dumping all that snow? and are we seeing a snowy foundation that might bring our economy down a few notches? oil and foreign markets trading, fox business live is open for business, so let's start th

liz: grounded before they ever took flight, jeff bezos probably not a happy camper today.rder on amazon were likely just grounded in a new regulatory reality. the new proposed rules revealed just last night, who can still fly high who else might have been brought back down to earth? hackers launch virtual raids on foreign banks stealing up to possibly $1 billion and then seeming to disappear into thin air. will u.s. banks be next, and is your money at risk? our super smart panel has the answer. and was the administration

ceo jeff bezos joins us in studio 57 along with the creator of the hit show "transparent." >>> but weg with today's yoip

"the washington post" was sold to jeff bezos because a very proud family felt like it needed extra resources could go into the digital age and prepares jeff would be able to do that in a way the family didn't think it might be able to do that. this is not the first case in which people in great journalistic institutions have grappled with what the future holds for them and with great sad anything and pain it had to make choices they did not necessarily want to make. >> wepart of that moment and part of that tension which is why we become a target point. >> rose: you're tough enough to handle this. the 31 year old hughes halves never a creature of the tech world and who claim to hit silicon valley didn't really know what he wanted to do with his new toy. he spent money on some of right things wasted money in the usual ways with the usual overcomplicated redesign alternated between interfering and editorial and backing off the incident with the husband thrashing in an up state new york congressional rate. seems to have grown inpatient with the then but not great web traffic and mounting losses

>> i would say the reason i would say yes to that question would be the fact that i think jeff bezos showed everybody this is what you want me to focus on, i can show you what amazon can do. that's what this quarter to me was about. >> one quarter's worth of a story. >> i don't think it's a one quarter story. what they can do but what he wants to build. he wants to build something in the future but everybody has been saying can you produce? can you produce? he put it on the table the last quarter to let everybody know we can produce, but the problem that a lot of people have to get their arms around is, we still want to grow and how are we going to grow? spend. that's what they're doing. >> i played it from the short side the last couple years, short seller on amazon. i would not short amazon here for at lot of things we're talking about but also the technicals have come back, they've strengthened, it does not look like shorting amazon would be a high risk/reward type trade. >> i still think there's more to go because there's more to go on the margin side. >> more upside? >> the marg

market is essential to getting credibility around the world and jeff bezos is masterful at putting pressurethe third biggest gainer on the nasdaq 100 year to date ahead of apple and electronic arts behind only netflix really. >> right. >> and that first quarter was darn good. one comparison i'll make to you all is this, in 192, radio operators were run by all types of amateurs, frequencies colliding with each other, the federal government had to step in. later became the fcc and that will be the same process for drones. all sorts of collisions and problems out there, but over time, it will be solved and there will be drones flying over your head. >> you think the faa is willing to revisit the rules over and over again, whatever we get is not set in stone? >> i would say probably this iteration they may not be, but over time as the software and the technology gets more advanced, there will be iterations over time and it's going to happen. >> finally big news at the journal, a lot of us -- alums surprised to see after 27 years the marketplace section changing to a name called business and tec

. >> jeff bezos is an investor. amazon 387 on the mcquar which note.king about prime membership doubling by 2020. >> that was an extraordinary note. don't see a lot like that. >> good seeing you. >> great to be here. >> henry blojette of business insider. >> not just amazon, but the broader nasdaq up 13 points. dow is turning positive as well, up 12 points after being down pretty sharply after jobless claims ticked above 300,000. we saw an increase in layoffs in the texas area. s&p for its part down a fraction of 1 point but looking like it's hovering near the flat line. some other tech movers, tesla, facebook, google rallying while apple is down about 1%. apple about 10% of the nasdaq composite. carl it would be crucial to getting to the 5,000 level. >> when we come back we mepsed at the top, any moment could get the decision from the sec on the future of the internet. who better to talk about it than mavericks owner mark cuban with us after the break. just under 12 hours from now, "house of cards" season three goes live. one of the show's top produce

jeff bezos has been laying out his vision of drones and delivery for years but the company has yet togulatory hurdles. so what will the drone delivery market look like? let ask our guest host of the hour, jeff clavier. you actually invest in drones. what is your company do and why? >> drone the is based in san francisco. it's the first flat -- flight control system for drones. it's a piece of software that allows you, say you are a farmer in the midwest sending his drone over a cornfield, he's getting instantly a map of the field to see were he can use pesticides and fertilizers. by using drones, he can cut used by 40% and increased yield up to 15%. what drone deploy does is build a piece of software that automatically sends the drones and flies around the field, gets the images and sends them to your ipod or computer. >> it sounds like you think the future of drones is corporate rather than consumer. >> there are two markets which are both enormous. one is the consumer market, those small drones which are treat -- which are cheap for entertainment. but you have a lot of mining, agric

if you look at what jeff bezos has said, let's try new things.t amazon will take a look at this and see if there is a deal to be done. the grander scheme for amazon is to push distribution as close as they can get to the customer. they decided to change their business model when they decided to pay state and local taxes. they could then enter high tax places like new jersey new york, california and get close to the consumer. you cannot get much closer than the radio stack store on the corner. this could be another tool. i'm sure that his wife amazon wants to look at the books. -- why amazon wants to look at the books. >> around cory johnson -- our own cory johnson. >> when we come back, oil it is back above $50 in the united states, does that mean we saw the bottom at $43? ♪ >> we are profiling hedge fund managers. we will be speaking with jason buttrick. ♪ >> i will bring you top headlines from around the world. in australia surprise interest rate cut. they cut its bench rate to a record low. they said australia's growth would be weaker for a lo

. >> has to give google a little more slack than you give jeff bezos. >> a little bit, given that googleprofit. >> one question, do you like alibaba? >> yes. it is hard to get a grasp on it. but yes, we like companies that by our companies. we certainly like having a company like alibaba out there that are looking for the innovation. >> number seven, a ceo stepping down. his successor is the former president -- mark yanni. -- >> she got that. leaving after forecasting last month a 20% drop in earnings in the holiday quarter. >> i think these old preppy glance -- brands it is really a sign of the times that people want higher designs. >> is there & i am not familiar with? >> we are just freeing up the designs. >> i am excited, to your point, they appeared to have a lot of brand value. it has been a great couple of years and i am very excited to see what it can do. >> what you think? >> i do not know specifically. guys who want to spend $30 on a button down. you are totally mismatching your consumer. [laughter] >> they were stuck in sears for so long and now they are out. >> they have made

tomorrow jeff bezos will be here for a rare interview.gulations on your internet meaning new government taxes and fees. every month: you'd pay more. 11 billion dollars a year in new taxes and fees. internet freedoms can be protected with the white house and congress working together, but imposing new tax increases through public utility style regulations will hurt middle class families let's protect the internet we love without regressive taxes and fees. no to title ii. >>> you can watch our 24 hour as a small business owner you wouldn't deliver just half of what you have to offer to your customers. so why are you settling for half-fast internet? only verizon fios comes with speedmatch. upload speeds as fast as your download speeds. so large files go out in a snap and your video conferences with customers are seamless. it's verizon's 100% fiber-optic network that gives you 100% of the internet. switch now to get fios internet and phone for your small business for just $99.99 a month with a 2-year agreement and as a bonus get a $200 visa p

i think jeff bezos is truly awesome.ryl sandburg and mark zuckerberg are doing facebook, it is not just a social network but a platform on which to build things i think we are seeing innovation all over the place. i ran into tony fidel yesterday. he was the person who helped design the ipod but he is creating an internet of things where my thermostat my garage door, whatever it may be are all connected and i can sort of help my wife become better through connecting things. there is enormous innovation, in the u.s. why we are more innovative society, with who are we to question authority? there was discussion -- i was appalled and horrified and didn't like what people did to henry kissinger but we live in a country where that happens. in china and other places maybe there's and as much questioning of of 40 so you don't get as much innovation. >> host: as head of the aspen institute who was the most fascinating speaker you heard? >> guest: we had great world leaders from tony blair to she moaned perez to hillary clinton ba

tomorrow jeff bezos will be here for a rare interview. >>> you can watch our 24 hour >> good morning, southwest philadelphia. the 22 year old victim was shot near 65th and paschall streets around 1:30 this morning, police say the victim then drove himself to a police station, and the officer's there returned him to a hospital. >>> all right, want to get your forecast right now with kate. man, compare the temperatures yesterday morning, it is so colds out there. >> it is absolutely a lot colder a loft have you dropped within the last 24 hours span, as much as 30 degrees. so it is a noticeable difference, and we still have the winds to contend with. not anywhere near as harsh as last night thank goodness, but enough it will make it feel that much colder. thankfully storm scan3 is also quiet. we really just have a handful every clouds out there but expect fully dry day. call it mostly sunny but we are, again specking at least some clouds along the way 28 degrees the expected high feeling no better than the teens generally speaking, partly cloudy tonight not quite as harsh, odd to think 2

and tomorrow jeff bezos will be here. bulldog: you don't need superpowers to help someone.aising money to train service dogs for people with disabilities. i would never imagine a life without an assistance dog ever again. i relied on people a lot. he helps me live a more independent life. bulldog: we need your help to do more. give at mattressdiscountersdogs.com, or any mattress discounters. mattress discounters good deed dogs helping dogs help people >>> you can watch our 24 hour a remarkable thing has happened. over a million californians have gotten something that's been out of reach for far too long. health insurance. how? they enrolled through covered california. it's the health insurance marketplace where you'll find a range of plans from leading health insurance companies that offer you the best combination of quality, rates and benefits. you can compare plans side by side choose the one that best fits your needs and enroll online. coveredca.com is also the place to find certified experts in your area who can answer your questions for free, and help you enroll. and,

how would you advise jeff bezos on hearing these faa rules?> we have a flash gordon star wars, thing going on. people are fascinated with it the possibilities. the technology has not advanced to the point where the average person is demanding it. >> i am demanding a pizza drone. >> i don't think this is funny, stan. we're talking about putting 80 mile an hour hunks of plastic or metal? up in the air? >> forgive me, you're sounding a little crotchety and old-fashioned. >> one of them looked right at me as central park. >> it was very scary. one flew to the white house. >> the technology is coming, it just isn't there yet. there already problems of drugs interfering with commercial flights. -- drones interfering with commercial flights. the average person is going to have to demand it to members of congress. >> the innovation is happening. either we figure it out or we don't, but we can't stop the innovation. >> and it can do cool things like bridge inspections, aerial photography. >> that is within sight. >> i am holding on to the word "crotche

when i think about some of the upside surprises who had the best quarter jeff bezos, tim cook, or dick think one of the prevailing themes here is that spending continues at a pretty high level. from that perspective, amazon actually impressed the street a bit with showing profit margins a bit above expectations and that related in the rerating of higher. i think in the case of twitter, there was certainly another revenue and earnings beat. that's reflective of that company focusing and turning up the dial in terms of montization. >> does that create as you say, a rerating higher for twitter and it's no longer about great expectations for user growth and monthly active users and more about monetizing, which twitter moved it's been able to do at a pretty tremendous rate. >> yeah. actually, i do think there's still going to be focus on user growth. they have clearly demonstrated their ability to monetize the existing user base. we do sense greater urgency at twitter in terms of driving more product development and we hope that ultimately leads to accelerating user growth. i think that wil

so i think that's a sign that amazon could be entering what jeff bezos calls the check-in period witht which is a year of margin expansion. i think that would be very good for the stock. it's really interesting because if you were to disaggregate aws from amazon amazon has $170 billion -- >> and that's amazon web services so people know. >> yes, their cloud business. amazon has a market cap of $170 billion which on a price to sales basis is really not -- it's fairly modest based on their history. but if you look at aws which we think will do $8 billion of revenue this year growing close to 100% if that were a separate public company, that would be an $80 billion company by itself or almost half of amazon's market value in something which is a fraction of its sales. so i think there's -- amazon came pub like at a 400 million market cap. it's $170 billion. they haven't sold stock. they generated -- they don't have profits. they generate cash which is more important than profits. >> of the three and i'm mentioned this earlier, you think amazon has more upside than apple or alibaba. >> we

. >>> jeff bezos launched amazon.com in 1999 to sell books on the burgeoning internet. a multibillion-dollar company and the template for other online retailers. he purchased "the washington post" two years ago and is turning amazon into a digital media powerhouse. >>> what defines a genius? how about an 11-year-old college sophomore who spends his time reading about quantum mechanics? tennish graduated high school at 10 years old and his story has been featured on the lifetime channel and is now planning to graduate with his associate's degree and then go on to university. msnbc is partnering with new york's 92nd street "y" for the second annual genius festival. joining me now is that remarkable 11-year-old i was talking about. i'm so glad to talk with you. i have to tell people that you and i were talking during the commercial break, you sound just like any other 11-year-old but you're not. when did you realize you were a little bit different from other kids your age? >> well actually when i was young like when i was in kindergarten, i kind of realized that i was a li

mark andreas and andy grove jeff bezos.he age of the internet is not as geared to putting people on the cover putting them on the pantheon and saying this is the one person. i think it is more interesting to show, for example, on the computer, if you say what was really first computer? you can have a historical argument. if you're a row mandic or believe in the lone inventor who is in iowa state and in the basement of the physics building, he creates an electronic circuit. he never could get his computer working. he got drafted into the -- goes into the navy, and nobody knows what this machine is then they throw it away. there is a whole team the university of pennsylvania led by john markley with the six women who were doing -- women mathematicians, doing the programming programming, and they build any act and it works. the loan inventorne inventor can't do it. you need a team. >> sometimes if you have a team, it doesn't work. >> right. >> if you have a lot of execution, you don't have a visionary driving it, then it becom