in 1959, his family branched out and bought loews theaters. today the loews have billions of dollars in assets that generate 15 billion of dollars in annual revenue with interest from everything in hotels, insurance, oil and gas, to theaters. jonathan tisch runs the company and is also the chairman of loews hotels. >> made it guest friendly. >> he completed a massive luxury renovation of a flagship hotel that is near and dear to his heart. >> i grew up in this hotel. >> that work has not stopped him from writing books. >> you get about six hours of sleep? >> 5-6 hours of sleep. you will get an e-mail from me early in the morning. >> i caught up with him at his team's home turf -- metlife stadium. ♪ >> it is incredible to be out here. how does it make you feel? >> pretty amazing. i think that my father and what he went through to afford us this opportunity to be partners with the giants. >> bob tisch fulfilled his lifelong dream when he bought a 50% stake for the giants. the team is valued at an estimate of $1.3 billion. it is co-owned by two f

it was an intrigual part of how they wanted to build loews hotels, which has today morphed into loewsporation. the hotel business is at the root of where our family started, going back 75 years ago with hotels in new jersey. so this hotel has become very important to the image of loews hotels. it's become very important to the bottom line of loews hotels. i grew up in this hotel. since i was 12, i have been walking the corridors and the back of the house and know many of our workers who have been here, our co-workers who have been here since the beginning. >> you stayed at this hotel yourself growing up? >> yeah. emotionally there is a connection, physically there's a connection, and financially there's a connection to loews hotels, loews corporation to the family. >> tell me, what was the most difficult part of renovating this hotel? >> the challenge we faced was once we got into the building and went behind the walls, i came to the realization that my father and uncle, god bless them, they didn't spend a lot of money when they were building it 50 years ago. we found some conditions

we spent $100 million to reinvent loews regency hotel. it always comes back to the basic great service, but now in a new box. >> we are finding it, we are testing it, we are there as they build it. we are on a quest to show you the most cutting-edge companies on the brink of the future. >> tonight, i will step into a tinkerer's paradise. techshop is democratizing invention. >> techshop changes the nature of the innovation process. >> i will get a taste of the miracle berry with an all-star chef who is taking on obesity. what you are basically describing is eliminating sugar. >> and i will take local motors' crowd-source rally fighter off-roading in the desert. > "bloomberg brink." companies that break the mold, convention, boundaries.

in 1959, his family branched out and bought loews theaters. the loews have billions of dollars in assets that generate 15 billion of dollars in annual revenue with interest from everything in hotels, insurance, oil and gas, to theaters. jonathan tisch runs the company and is also the chairman of loews hotels. >> made it guest friendly. >> he completed a massive luxury

in 1959, his family branched out and bought loews theaters. the loews have billions of dollars in assets that generate billions of dollars in annual revenue with interest from everything in hotels, insurance, oil and gas, to theaters. jonathan tisch runs the company

in 1959, his family branched out and bought loews theaters.he loews have billions of dollars in assets that generate 15 billion of dollars in annual revenue with interest from everything in hotels, insurance, oil and gas, to theaters. jonathan tisch runs the company and is also the chairman of

in 1959, his family branched out and bought loews theaters.oews have billions of dollars in assets that generate the team billions of dollars in annual revenue with interest from everything in hotels, insurance, oil and gas, to theaters. jonathan tisch runs the company and is also the chairman of loews hotels.

in 1959, his family branched out and bought loews theaters.he loews have billions of dollars in assets that generate 15 billion of dollars in annual revenue with interest from everything in hotels, insurance, oil and gas, to theaters. jonathan tisch runs the company

in 1959, his family branched out and bought loews theaters.ave billions of dollars in assets that generate 15 billion of dollars in annual

jonathan tisch is co-chairman of the loews corporation and co-owner of the new york giants.was born and raised in a hotel family of successful hoteliers. in 1959 the family branched out and bought lowe's theaters. today they have assets that generate $15 billion in annual revenue with interest from anywhere from hotels to insurance to oil and gas.

. >> drop for loews, down 1%, beakers. >> downgraded from buy to neutral by goldman's today.rease in repair and restoration -- >> nokia, up 8%. >> i'm going to sell this after getting rewards on the patent and don't run it tomorrow. >> well, it's not all good news for apple. iphone users are revolting after the bitcoin wallet was blocked. with us is nicolas cary, the ceo of blockchain. >> good evening. >> you said it's an anti-competitive and capricious nature. anti-competitive, that seems like apple is looking to get into the payment space as well. >> yeah, that wouldn't surprise me one bit. apple has telegraphed they'll do something on top of the hundreds of millions of credit cards they have on their system. bitcoin represents a major threat to any revenue model they may try to build. anything they do with credit cards is at no innovative. bitcoin is. it removes the fees, there are no charge backs, removes any privacy concerns. apple has a track record of anything that starts to compete with major product of theirs. they did this to google. they took out google maps and pr

and loews corporation -- the worst corporate -- performer after its numbers missed estimates in termsgs. >> thank you so much. we will be back in just a moment. to speak, we are going with the ceo of a startup out of apple's app store. that and much more when we come back. you're watching "market makers." i am stephanie ruhle joined by tom keene. ♪ >> live from bloomberg headquarters in new york, this is "market makers." >>. who hopes to get some help from yelp. marissa mayer has a new plan for more search users. >> bitcoin fans have their best shot. removed a bitcoin app from its online store. the been aisasters, lot of dining options at the obama wright house. will they get it right for the president of france? welcome to market maker, i am stephanie ruhle with tom keene. >> it is eight years since we stop state dinner for the president of france. is a big deal. >> in new york we can laugh at who he is going to sit next to. >> it is dead serious in washington. >> remember three years ago a somewherewife from snuck in? who do you sit next to janet yellen? >> i would be honored to sit

look at some of the headlines going around the world, a woman convicted of throwing nearly four t loewsailed for 20 years, and she appealed for clemency, citing her poor mental state. the president reduced her sentence by five years, and now she has been granted parole. fire in a factory killed , ands of workers in 2012 the company owners face murder charges and were actually denied bail by the court. at least 120 people were killed, and survivors say that the few emergency factory exits were closed. it affected many retailers, including hong kong's li and fung. and 37 blazes out of control across victoria state, threatening towns and the capital of melbourne. dry, windy conditions of to read and highly dangerous conditions, and 173 people were killed and on0 homes destroyed by fires a single day in february 2 thousand nine. now, one of the most popular children's toys are popular at the box office. movie, and it is helping to edge out the george clooney movie. and it all goes against this backdrop of lego having enormous growth. the second-biggest toy maker in the world. >> lego is pro

the 12 month home depot compared to loew's which is also been lagging.re still pretty close to an all-time high. they have actually been figuring out how to capitalize on rising home prices. that is what is driving home depot. home prices have come down a little bit last quarter but this is the existing single-family home transaction price, $197,000. it is up 10% from last year. home depot would not give us a forecast but they said sales grew about 9.5% in the past year. we will await what they have to say when they put out earnings. >> thank you. at our top 10 stories. starbucks has taken legal action against the comedian for the dumb starbucks stanford he appeared last night on jimmy kimmel. >> why did the store closed down? yesterday, i came and we did a press conference to talk to the media and say we were expanding and opening a second store in brooklyn. meanwhile -- this is totally real -- the health department came at that exact moment and selling coffeer without a health permit. they don't understand that technically, legally speaking, we are an

and earnings today from hasbro, loews, nuance and annie's. >>> and quarterly e-mails show the top chinese asked jamie diamond directly for a favor to hire a young job applicant. u.s. authorities are investigating whether jpmorgan and other banks hired highly-connected people in chinese business. "the new york times" reports diamond met with the applicant family friend of the regulator in june 2012. she now works for the company. jpmorgan says diamond had nothing to do with the decision to hire her and diamond is not suspected of wrongdoing. jpmorgan shares are slightly low lower this morning. >>> and toyota is closing a criminal probe into cases of sudden acceleration from several years ago. the automaker could pay $1 billion to end the four-year investigation into one of the most embarrassing international incidents. prosecutors are examining whether to make false or complete reports to regulators about possible vehicle defects. toyota still faces hundreds of lawsuits over the acceleration issues. >>> and warner brothers snapped the right pieces together to come up with a hit at the u.s.

it's my pleasure because look, if other companies see this, home depot, loews, run down the list.he needle. >> it has to. >> right. >> and jobs, by the way. all this comes down to work force development. that's what i meant before by two separate conversation. now we get to have the conversation about is that a good job or bad job? is that something i would do? is that something i feel -- or we can say, wow. you know what? now symptoms and causes are in the right order. we're creating an opportunity. those jobs can be filled. then we can have the next conversation. >> this has been a great conversation. once again, he's got a great book out that does benefit his organization called "profoundly disconnected." it's a one-page book, but it's great book. >> it's a real page turner. literally. >> thank you very much. >> you're welcome. thanks for having me. >> nice to see you. >>> coming up, a new proposal causing quite a stir this morning. parents and even teachers being allowed to spank children hard enough to leave bruises and marks. is this a good idea? your e-mails are pouring in