a coding lesson from mark zuckerberg. his video is one of many for students interested in the coding. an initiative that wants an hour of your time at this week. advertisers can follow you around the web, now apple is using technology to follow you around the store. jony ive is trying to make apple one of the most innovative brands. meet the man doing the same for sneakers. nike's catch up with guru. to the lead. the biggest names are speaking with the united states urging american children to learn to code. it comes as a critical time as u.s. students according to a new rank has american students ranked 21st in science and 26th in math. an hour of code initiative asked people to spend an hour coding. it kicks off computer science education week. it is sponsored by code.org. here is president obama. >> learning these skills are not only important for your future but for our country's future. if you want america to stay on the cutting edge, we need young americans to master the tools and technology that will change how you

in tech, facebook and mark zuckerberg land to sell shares worth $4 billion. the crash test results are out. we will tell you who is the safest and who is not. and we had to the farm to find out what makes wide you -- wagyu beef different than the others. the past few weeks we have seen signs of the u.s. economy on the mend. growth has picked up. unemployment has dropped. the treasury department exited its stake from general motors. congress passed a budget, and n y n the federal reserve are confident enough to taper the pace of their bond buying program. >> the committee decided to reduce the pace at which it is reducing the size of the federal reserve balance sheet. >> chairman bernanke, when should we expect to see additional tapering? >> a modest reduction reflects the belief that progress towards economic objectives will be sustained. if the incoming data supports the outlook for inflation, we will likely reduce the security purchases in further measured steps in future meetings. they thought its assessment of current conditions in the outlook which is in

mark zuckerberg is offering 43 million shares as part of this. 1.6 andreessen is selling million sharesll. part zuckerberg is making a gift of 18 million class b shares and converting 18 million of them to class a shares, which are the general shares. is. morgan securities handling this. >> michael wolf is with us with his great experiment on m&a, corporate structure in silicon valley. michael, this class a, class b, explain that to mere mortals. >> from the beginning, mark zuckerberg has controlled his company. it is one of the reasons he did not sell out to people. and right now, he had special shares, just as the founders of google and other people, so he certainly if he is going to give those shares away, he certainly wants to convert them from b to a so he maintains that control. offacebook says the majority shares to zuckerberg are to satisfy taxes of sales. >> what part of this is motivated by shares having rallied big from the ipo, and what part of this is normal tax rotation? >> every analyst has a buy on it at a much higher price. >> they do but their average rice target is up

whether that mark zuckerberg, what is the point of this? >> it is great to be here. that weioned earlier are lagging in math and science. at least every school in america does teach math and teach science. only one in 10 schools teach computer science. yourself, if the point of education is to prepare kids for afe and the 21st century tom shouldn't we teach kids some computer science. -- century, shouldn't we teach kids some computer science? it is not being taught at our schools. we want to make it available to every body. to prepare kids everywhere for the lives they will be living in the 21st century. >> is coded a foundational skill or vocational? will of the lessons learned today by kids coding be applicable when it is different five or 20 years from now? >> i am glad you asked this. is a of all, the word code final word. we've chosen to name our organization. we are not talking about coding but computer science. computer science is a foundational skill. it is just as relevant to know how to dissect a frog as to dissect an cap. maybe one at the 20 kids made soft

it is interesting they have chosen this time to do the secondary offering and allow mark zuckerberg and mark andreessen to get out of a large position. >> who else is selling out? >> the company will sell some shares and raise money for general corporate purposes but mark zuckerberg is selling a lot of shares as well as mark andreessen. when we look at the why of the selling, it's interesting. what mark zuckerberg is doing is taking his stock options and realizing the stock options and buying the options. as a result, he could be incurring massive gains because the costume initially was virtually nothing. that taxable gain will be paid off by the sales of these shares. in actuality, he will end up owning more shares at the end of the day because of the converting options. some of the shares will then be sold to pay those taxes. >> let's talk about what mark zuckerberg may be selling. could it be because he thinks that it is a good time to get out? they say is about paying taxes but facebook has been doing well lately. >> we don't know what his tax rate is. he will invest 60 million doll

they set the offering $41,000,000 shares by ceo mark zuckerberg. they set the offering including $41,000,000 shares by ceo mark zuckerberg. they set the offering at $55.12 a share. zuckerberg will make $2.3 million. >>> wall street ended the week confidently. the dow rose 42 points on any numbers siting the strongest economic growth in 2 years. the nasdaq surged 46, a gain of more than 1%. >>> president obama spoke to reporters today fielding questions about the affordable care act, spying the national security agency and his poll numbers where his approval ratings are at the lowest they've been for 5 years. >> if i was interested in polling i wouldn't be running for president. i was polling at 70% in the senate. i took this job for the american people. >> later the first family got on board air force one, heading to hawaii for their annual christmas holiday. >>> the mayor of salt lake city performed utah's first same-sex marriage today. a federal judge struck down their ban on gay marriage. state officials are trying to get an emergency stay while

us renewed optimism and the potential of the american teacher. >> other people you recruited mark zuckerbergll gates, jack dorsey. have they given you any feedback about this process? i know zuckerberg has been there from the beginning. you are identical twins. has hady we have asked such open arms embracing it. it is good for america and it is good for our children and good for jobs and the economy. very few people think this is a bad idea. it was against teaching technology to kids? how do you get their continued support? i do get them to keep coming back and helping you? do you need that? >> we have a long-term plan. it started about a year ago. we went to start summit to change the peer science and america. this is not an easy task. schools do not have to teach it. there are not enough teachers to teach it. the kids don't want to take it. state education centers don't recognize it. we have a long-term plan where we have to change the schools and make it cool. the hardest part of that is how the medical. -- how to make it cool. a class they don't want to take? or are they excited about it

what is mark zuckerberg doing?ctor is selling off shares which dilutes the shares out there. when you hear about a ceo or someone selling a large chunk of shares sometimes you will see that the stock itself goes down and that is exactly what we're seeing today, right? not rocket science. down 1.5% for facebook to 56.69. however that being said, we've seen a run-up in facebook. it is going into the s&p 500 tomorrow after the close of trading. mark zuckerberggs story is that he is now expected to retain control of about 62.8%, down from 65.2% and they are selling off 70 million shares together. so obviously that's what we're watching for. that's really almost about $4 billion worth. and the stock itself has had a great run. it is up 102% in 52 weeks. back to you. tracy: after all that, nicole petallides. thank you very much. >> thanks. ashley: well some economic data to digest today. u.s. home resales falling sharply in november to their lowest level in nearly a year. 4.3% drop last month to 4.9 million units marks t

mark zuckerberg urged a shis going to sell some shares. they are down 2%. >> it is still breezy and spots. it looks like half moon bay is in a gust of 30 mi. per hour. this is nothing compared to what we will see later and by noon time we will continue to be breezy. by 3:00 p.m. it will get pretty gusty along the delta and we will continue with strong winds. by 6:00 p.m. that will be the sign of the time when the wind advisor will expire. the wind will crank up for the afternoon and i will have more details on the forecast coming up in 15 minutes. >> it is still a good ride or around the bay even though we have this accident there are no problems for the bay bridge. the accident is on a right-hand shoulder. it is having zero impact but the backup is starting at thin end of the east parking lot. the quick commute check shows lighter than usual traffic around the bay there is slowing on 580 past and green bell. there was an accident on the shoulder. >> the time is 6:31 a.m.. we are following a developing story of oakland where a crash has sp

mark zuckerberg and mark andreessen are taking part. ♪ >> this is "bloomberg west."'m emily chang. 18 months ago. facebook joins the s&p 500. cory johnson is back with more. how big a deal is this? >> it's a great question. i don't have a great answer for you. you have got andreessen horowitz really taking a lot of the table here, taking some profits with the share prices. it's a very expensive stock. what mark zuckerberg is doing in his sale is giving exact opposite message, where you see him selling so much and you think, what is this guy doing, he says he's selling it for a tax bill. what he's really doing is exercising a number of stock options. it's only bullish. it's only a bet on the company that it will be worth a lot more later, so he wants to take the tax hit now to avoid the tax hit later. would you look at what mark is doing as part of this, it is something where he's really betting on this thing for the long term. >> is it really all about paying taxes? >> we don't know what charity, it could be a charitable trust. you will put the money in a trust now,

shares from mark zuckerberg are a big part of that offering. 3.9entire words is what -- billion dollarsng in part to pay big tax bills. with jack mock, exploring opportunities for his own company in china. at that -- apple is going all- american. taking the new mac pro computer to be built in texas. one -- $100 million in the made in america initiative. >> the cynical view of this is they are trying to turn lemons into lemonade here. because they have been criticized so roundly for having laborers in asia. >> they make a lot of money and they have high gross margins for their product. if they can figure out how to do it here instead of shipping it to china, it's all about margins. bloomberg west every day at 1 p.m. and 6 p.m. eastern. just sixng bell in minutes. >> the top 10 trade right after this. ♪ >> welcome back. you are "in the loop" and i'm betty liu. >> scarlet fu has the latest on futures in the last moments before the opening bell. >> the taper is here and the global stock market loves it. the stock market climbed to a record high yesterday. retrieving a little bit this mornin

my own struggles with loving facebook but not wanting to always be mark zuckerberg's sister. >> your mom is a psychiatrist so i not going to go there, but is it mark's big sister? or is it randi zuckerberg. >> i talk a lot in the book about how i felt like i had to perform to a much higher standard that my colleagues to even be taken sere sousely the same way. but it's opened up a lot of doors for me. ma mama zuckerberg, you go into that mousse, all four of her kids are equal. it doesn't matter if you started a multimillion dollar kid or if you baked a great apple pie. >> tell me about the negotiation process. what was the contract offer. and how was it done? >> i was coming from basically a minimum wage job in new york. i don't even know how i lived on the salary that i made. all i could think about was getting a better paycheck. i didn't know anything about eck by r kwity and stock options. when he offered equity and salary. i wasn't think about equity. i was thinking i want to not make minimum wage anymore. and he was like no, no, no trust me. >> where was the deal done? was it on

in the book a lot is my own struggles with loving facebook but not want anning to always be mark zuckerberg's your mom as a psychiatrist. i'm not going to go there. but is it mark's big sister or is it randi zuckerberg? >> i talk a lot in the book how i felt like i had to perform to a much higher standard than my colleagues to even be taken seriously the same way. but again, it's obviously opened up a lot of doors for me, a lot opportunity but one thing you have to know about mama zuckerberg, you go into the house and all four of her kids are equal. it doesn't matter if you've created a multi billion dollar or just baked a great apple pie like can every kid's achievement is equal which is so great about our family. >> tell me the negotiation process when you were going to work for facebook. what was the contract offer and how was it done? >> i was coming from basically a minimum wage job in new york. i don't know how i lived on the salary i made. all i could think of was getting a better paycheck. i didn't -- i didn't know anything about equity and stock options and silicon valley and startup

mark zuckerberg has been there from the very beginning.e hard -- it is hard to tell you apart. >> everyone has opened us with open arms -- welcomed us with open arms. they're been very few people who thought this is not a good idea, because who is against teaching technology to kids? >> how you get them to continue their support? >> we have a long-term plan aired in we started about a year go, and we wanted to change the face of commuters that computer science and america. this is not an easy task. schools don't not had he does, there are not enough teachers did you discover even with the offer gives do not want to take it. state education does not recognize it. we have to help the schools, and we had to make it cool. the hardest part of that is how to make it cool. >> how have the kids received it? a class that they don't want to take? >> we have had over the top backg -- comments coming saying that the girls are doing this all weekend long. >> how do you make it an established curriculum? i did turn one hour of code into many hours of co

facebook began in mark zuckerberg's harvard dorm room.puters were first built in steve jobs's garage. they're not known for the architecture of their office space, here that is about to change. for the first time in history, some of the biggest companies in technology are embracing defining themselves through ambitious new corporate headquarters. amazon, apple, facebook are all planning new projects. what does that say about technology? paul goldberger has written a piece in the january of vanity fair, he speaks with cory johnson. >> the most amazing thing about silicon valley is it looks like any other place. you have stanford andn the mountains are nice. most of it is a buttoned down suburb. you expect magic, but it isn't there. >> it is kind of amazing. i was a money manager for a while. companies would never make headlines. inevitably they were in stripmall's or little places where you could park your car and there would be 30 people inside. >> these are ordinary office parks and stripmall type places. silicon valley is opportunistic.

what role are mark zuckerberg and bill gates playing in this?they are helping to fund the nonprofit. we are excited about that. both the gates foundation and mark zuckerberg have given along with many others to make this reform happen. partnering with technology companies as well. what can you tell us about the partnerships you've made so far so far -- so far? want to doeally this. they want to bring the american education system standards up. they want to help our children. they want to bring high-speed into the classrooms. ande are many companies even nonprofits trying to do similar things. we are just taking the lead in helping to make this a reality in the next three-5-10 years. to five to 10 years. >> are you saying that every school will be wired the way it needs to be? >> that is our hope. >> jonathan kaplan, education superhighway chairman. inc. you for joining us. -- thanke right back you for joining us. we will be right back after this quick break. ♪ >> this is "bloomberg west." i'm emily chang. he agreed to produce some of hollywood's

you can drop out of harvard and be bill gates or mark zuckerberg, and the thing is they are the exceptions, not the rule. >> right. >> and i think that when millennials see, you know, in their 20s people making billions of dollars, they're hoping for that as well. but, again, for women they're not that many women in the corner office. there's 4% of the fortune 1,000 companies have ceos who are women, and that's up from 1.4% a decade ago. that's very, very low. >> it still is. you know what? maybe more people are going to be bosses millennials than they think because the research shows by 2020 more than 40% or 60 million americans will be freelancers or independent contractors, so, you know, you're kind of a boss, maybe not a lot of employees, but you're autonomous. >> absolutely. you may not have many subordinates, but you are independent and on your own. that's very important to millennials. also, the economy just makes it such that it's hard to get jobs, so you may have to be on your own or start your own business. >> my wife is her own boss. >> yes. of you. >> of me. yeah. >> and, you k

microsoft, hewlett-packard and amazon lease space at a nearby office park. >>> new this morning, mark zuckerberg and the gates foundation will announce their participation in a new effort designed to bring updated technology to schools. zuckerberg's foundation called start up education and the gates foundation are major backers of education super highway. along with other foundations, the two groups raised $9 billion to support the company. the goal, update education. organizers say 70% of the schools have an equivalent of an old dial-up cable modem. >>> last month, he drove his nissan, he plugged his car into an exterior outlet. an officer files a police report, the man was arrested at his home, 11 days later, spent more than 15 hours in a jail cell. >> did you ask permission to plug into the school? >> when i first got there, it was already there. >> even if it's a small amount of electricity, it's justified? >> a theft is a theft. >> and you'd do it again? >> absolutely. >> he charged his car for 20 minutes, probably a nickel's worth of electricity. >>> well, rest easy, youtube will not be in

mark zuckerberg said he will sell more than 41 million shares worth more than $2 billion. uckerberg is moving money around. in a statement the company says he plans to buy a different class of shares right back. to some degree he's also paying back taxes. facebook itself also offering more stock this morning, which is peculiar. it's the first time the company has gone back to the well since its ipo. we didn't frankly think it needed the cash. >>> as we find down towards christmas, shopper track, which measures the numbers for retailers, says there are more people at the mall this season and they appear to be buying more as well, but look for this, they're spending less money because prices are down as much as 13% from last year as companies put things on sale. stuff continues to get cheaper generally speaking. it's one more reason that black friday may be the least logical time to go christmas shopping. back to you. >>> some automakers are getting an early christmas present today and by extension so are millions of drivers. results released this morning show 39 new cars did

not everybody is bill gates or mark zuckerberg. i'm fascinated by shanghai is doing one of the best in education. we know in europe that poland is. to me, it seems these are the aspirational countries. these are the countries that want to punch above their way and join the developed world and economies. i'm sure the u.s. was like this 100 years ago. >> my grandfather said it is a phrase from the great depression. hunger is the best sauce. everything is better if you are hungry. these are countries hungry for success. they want the success the united states had in the 20th century. i want to defend the u.s. on the rankings. shanghai is a slim slice and china wants to show its best students. some countries are not dealing in their classrooms that america is. >> the poverty. >> the diversity of students. >> it is cultural differences in students. geographical. >> there is nothing simple about finding the solution to this so-called education stagnation. some teachers are doing the best with the resources they have. others complain the

you'll hear mark zuckerberg talk about that in a moment.letter to the president and congress asking for big reforms in the way the nsa conducts surveillance. >> have one of the things i've said publicly is that i think that the government has really blown it on this. people want the government to help protect us but also want the government to be traps parent and tell us what they're doing and what data they're collecting and i think they've just completely failed op. that front and from what i've seen, if they were just a little bit more open about what they were doing, i think they could have created a lot more trust and a better environment for everyone, but i think they failed at that and i think they're continuing to, which is why we're continuing to push on it as an industry. >> reporter: government surveillance is not why he wanted to talk. he wanted to talk science, and explain why he's spending millions of his personal money to help change the way we think about those making big discoveries in the laboratory. >> the big goal here i

ceo mark zuckerberg plans to donate $1 billion in company stock to charity by the end of the month. for that and the rest of your news before the bell we turn to seema mody live at cnbc headquarters in new jersey. good morning. >> terry, good morning. let's start with those markets futures right now, pointing to a slightly higher open, falling a fresh record hint dow, a ten-year treasury yield continued to gain momentum following wednesday's fed meeting, the dow climbing 11 points, s & p down and nasdaq 11 points. here is the story on our radar, facebook founder mark zuckerberg is cashing in on some stock, he is selling over 41 million shares of the social network, worth around $2.3 billion. facebook has said most of the net pleased go to uncle sam, which means over a two-year period, zuckerberg may end up paying between 2 to 3 billion in federal and state taxes. the tech entrepreneur plans to donate around $1 billion of facebook stock to charity. >>> other news, verizon wireless will publish reports on the number of government requests it received from customer data to early next y

was putting together facebook in his dorm room but mark zuckerberg never put a cap on how many peopleoin facebook. this thing taps out at 21 million bitcoins. do we anticipate a crash at some point? >> that is just the mechanism of how bitcoin works. it is actually then divviesable into 100 million, each bitcoin is divviesable into 100 million units. it will grow as much as needed, as much as it can justify. if it serves as very efficient payment network better remittance and cross-border payment and micro payment and it will divide itself into smaller and smaller units to serve that purpose. liz: would you buy it here? if it has been at 450 now and been more than 1200 looks cheap? i don't know, hard to wrap your mind around it. we have the vice-chair of berkshire hathaway, charlie monger calling it rat poison. again when i brought that up to a vc, venture capitalist out in silicon valley, he rolled his eyes that is because charlie monger is an older gentleman and doesn't understand the way of the future. it is a pretty smart older gentleman. he is a multibillionaire. would you buy it

where was mark zuckerberg? >> it is interesting, everyone was waiting for mark zuckerberg.y single person who would be at the event had to walk the red carpet. but he never showed up. he found some sort of back entrance and made it inside. when you are mark zuckerberg, you can figure out a way to bend the rules a little. he did not want the event to be about him. he wanted it to be about the scientist. was.ally they awarded $21 million in prizes. it was a star-studded event. it was a who's who of silicon valley. you had people there from jack dorsey, who founded twitter, to apple designer jonny i've -- jony ive to people from hollywood. they wanted it to be a glamorous evening. they wanted to give science its recognition and the kind of recognition it deserves. that was coming in the form of a monetary prize, $3 million per winner, that is more than a nobel prize, and a glamorous event. the whole thing will be televised on discovery science next year. was like the oscars of science, a different kind of oscars for people like kevin spacey, but it was a funny thing. >> did he

the goto favorite casual friday attire, everyday attire for mark zuckerberg.ll hear about the hoodie next in fashion. do not pack. just rent. rent the runway goes to vegas. ♪ >> in fashion, we start with an american wardrobe staple at least to the mark zuckerberg's of the world. it is a hoodie. the greatest hoodie ever made. customers often have to wait months to get their hands on the $89 fletcher. what makes it so special? >> the apparel industry and a lot of other businesses is when you get in the this and this of rolling out a lot of retail stores or between you and the customer, you are adding layers of cost. any business deciding to support the hundreds of retail stores across the country, make a decision about their business model that will be paying for all of that, which, by definition, to tracks from either quality or retail price, if you eliminate those things, it gives you a new way to approach an old problem. >> your price point is not too far off. >> that is right. we make top-of-the-line quality and sell direct to customers, bypassing all tradit

number of companies like mark zuckerberg and reid hoffman. is a whole bunch of founders in the tech industry. >> how difficult has it been to schoolth districts? >> school district have red tape. said mark easier than others. chicago and new york have been super easy. others have not. oakland and seattle both have said it sounds interesting but they're not as sure. >> i was just the one less question. forve been buying gifts some little kids. i trouble finding stuff that i could give them which would encourage them or expose them to coding. you have any ideas? to encourage them to learn how to code? is a board game called "robot turtle." code that move the turtles on the board. that is a rate weren't. >> you develop some apps of your own. code.org speaking with emily chang. can a robot really predict if mobile devices will be a hit with humans? something so. that is next on "bloomberg wes " ." ♪ >> this is "bloomberg west." drones may be ready to take off bezos is here at jeff testing delivery drones. states are looking to get in on the actio

company founder mark zuckerberg are selling 17 million shares raising $4 billion. eady to join the s&p 500 tomorrow after trade something closing zuckerberg will sell shares worth 3.2 billion shares. 31.5 million shares using to settle a big tax bill. facebook has risen about 44% since the ipo. the big question here for investors is, what will facebook do with this cash? the statement the company notes, we intend to use the net proceeds from this offering for working capital and other general corporate purposes. we may use a portion of the proceeds for acquisitions of complimentary business, technologies or other assets. so a very interesting statement there. tom forte of tesli advisory group said the money could be used for anything, like buying a company but probably not for a while. as for the company's health he says this shows you company has come full circle from the initial challenges with the ipo but also that the business is incredibly strong position. the stock being where it is today and overcoming that rough start. they wouldn't have been able to do a se

much of that coming from facebook ceo mark zuckerberg. us what that means for the social network later this hour on cnbc. >>> stocks are lower this morning after seeing that massive rally following yesterday's fed decision to start the taper. our next guest is on track with her expectations for a taper in the fourth quarter. what can we expect going forward? let's bring in our financial reporter from the post from washington, d.c. good to see you again. >> reporter: thank you. you got the first question in the presser and you heard everything that happened after that. what was the main takeaway for you? >> i was a little bit surprised that he showed some sort of surprise that we would think that the taper would actually begin and end by the middle of next year. i asked him what we could expect in terms of future additional cuts and he said he expects the program to continue through much of 2014. so we're going to be seeing additional $10 billion cuts, i think. they're going to take it very slowly. they're not going to try to pull the rug

mark zuckerberg, bill gates, jack dorsey. have they given you feedback? hard to tell you apart. >> we are twins. everybody we have asked has had such open armed embrace in this. it is good for america. it is good for the economy. very few people have thought this is not a good idea. >> how do you get their continued support? do you need that? >> we have a long-term plan. it started about a year ago. we wanted to start something to change the face of computer science. this is not an easy task. schools do not know how to teach it. there are not enough teachers to teach it. kids don't want to take it. state education standards don't recognize it. we have a long-term plan were we have to have to change the rules, healthy schools, and make it cool. the hardest part is how to make it cool. >> really? how have they received it? is it like a class they do not want to take or are they excited? >> we have had over the top, and teachers saying they have been getting calls all week and from parents he said the girls have been doing this all weekend long. >> how do yo

mark zuckerberging shares of facebook to help a taxes in an offer worth yearly $3.9 billion. about 27 million shares will be offered by facebook with an additional 41 point three 5 41 point 35es -- million shares from zuckerman and mark andreessen. tesla says it did not cause a fire in a california grosz. shares of tesla have pledged footie five percent after three reports of battery related fires in october and november. gardener of the olive and longhorn steakhouse restaurant chain's plans to separate its red lobster business amid declining sales. in a statement released today, they said while they plan to execute a tax-free spin off of red lobster to shareholders, the company may consider selling the business. coming up tonight on "bottom fed" we will talk about the 's move on the global economy and the eu summit in brussels. join us from washington. that's coming up in about 90 minutes right here on bloomberg tv. are uponlidays everyone and that means chocolate. chocolate is a starring treat at m

mark zuckerberg saying they blew it when it came to surveillance practices being invasive.do you think? >> i would love to tell you what we think but you know the board policy. i would say that yahoo has been front and center on supporting, with facebook, more scrutiny on this topic. >> one of the things that you point out when it comes to security is the rise of disappearing information in companies like snap chat. i spoke to yuri milner about this and he thinks it's a whole trend where not everything needs to be permanent. not all information needs to be preserved forever. >> people will get more and more terrified about what they have, who has what, where it goes. you will see more and more trends. it's about making sure you have different ways to experience money that is not controlled by the government or nation states. >> you think companies like snapchat are here to stay or is it more of a fad? >> kudos for the growth snap chat has had. it's too early to tell whether they will be around forever but i think the issue of privacy is going to be something people are very

titanss donated by tech like mark zuckerberg.s on the red carpet for all of the action. what was the question? >> this is a remarkable thing. i'm hoping that hollywood will learn from the scientific community. maybe all we need is science. i preferred this. the average sat score here is higher. >> this is going to be a fantastic evening. >> can you make fun of scientists? >> no. you cannot. they are nerds. of course you can. amazing thatly there are these people who wish some of -- them all the time. >> what do you think about areo? >> we will win. >> what do know about the robot stuff? >> that question is for indie. >> you could give money for a lot of things. why this? >> it could be transformative overtime trip >> >> it is great to see the geeks -- >> is time cyclical? you are worried about late-night television? >> thank you. >> that microphone is not attempt to anything. >> emily chang. it looks like those answers were black holes as well. how was that? >> conan is even more funny in person than on television. this was a bla

more than half of that comes from mark zuckerberg.e down $0.93, look at target, information from 40 million credit and debit card announce may have been sold before september 15th. appears only in store transactions were not online purchases. target stock up 7% this year. it is down 2 presented day. to charles payne pick for the down day, rite-aid disappoints, down 8% lower on rite-aid, same story, winnebago, the stock is down, moving further south. we are waiting for amazon to hit $400, on line 394 right now. back in a moment. let [ male announcer ] how c power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat tir0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. stuart: messages family received a letter in

joling kent is covering the story. >> reporter: hey, dagen and connell, mark zuckerberg will sell 41.4 shares worth about $2.3 billion to pay a tax bill as part of an offering of 70 million class a common shares. thousand, zuckerberg will also pick up 60 million class b shares, this means he will now retain control of 62.8% of the company's voting power down from 365.2% -- 65.2%. other stockholders will share the remaining shares. at yesterday's closing price, 55.57, the total offering will be worth about $3.9 billion. facebook joins the s&p 500 at the end of trading tomorrow, and no doubt this sale is very strategic. in fact, facebook said the sale is to take advantage of demand. that makes sense. @utual funds index for the s&p 500 must buy the stock which serves to support the price by taking away some of the downside risk. facebook said it will use proceeds from its portion of the offering for working capital and other needs. taking a quick look at how the stock is doing right now, it's down about 1.82%. and also facebook announced zuckerberg is giving away 18 million shares worth a

coming up in this half-hour, facebook's mark zuckerberg is focused on more than social life.e working to extend human life. >>> plus, it's the site where 52 americans were held hostage for more than a year. elizabeth palmer is in teheran with a surprising new role of the former u.s. embassy. that story is ahead. >>> a presidential task force is ready to rein in the national security agency. the final record is likely to recommend sweeping changes in the nsa's mission. the review was order after edward snowden exposed government surveillance programs. >> meanwhile, the nsa gave john miller unprecedented access for his "60 minutes" report. the man in charge of the agency, general keith alexander, says he wants to set the record straight, but what the nsa is really learning from americans' phone conversations. >> reporter: if a terrorist is suspected to having contact in the united states, the nsa can query a data base that contains the metadata of every phone call in the u.s. going back five years. so you understand then, there might be a little confusion among americans who re

his relationship with tech icons like mark zuckerberg and bill gates and what he thinks about apple.irst, here is an

facebook ceo mark zuckerberg says the company will put 70 million shares up for sale. what will they use all that though for? welcome to "market makers." i am a very lucky stephanie ruhle. a christmas tree has been delivered right next to me. >> the grinch. i am the grinch. i am filling in for erik schatzker today. he is off today. you know why? we are breaking economic news. november existing home sales are officially out. our economics editor, michael mckee, it is at his desk cranking away with the headlines. >> that news and we do not know why. right now we see existing home sales fell on the month by 4.3%. -- the worst performance of the year. a lot of people may attribute this, and it is a good that it is through to the fed that pushed morgan rach up -- mortgage rates up. two or three months ago when rates were higher, we have also had some bad rather -- bad weather. the final reason is that this is not the prime selling season. people drop off as you go into the winter and get closer to the holidays. people are buying less homes than they do in the summer. it is

mark zuckerberg says he'll share more than 41 million shares.tement, he says he plans to buy a different class of stock. facebook meanwhile, they're raising money. we weren't aware they needed the cash. looking at the market, we got a bigger than expected jobless number on the weekly jobless claims. we're watching the dow industrials, down about 15 points this morning after a huge run up yesterday. >> thanks very much. >> let's check in with christina. >> pretty nice day. we have some wind out there, but we have such better air quality. you're going to be able to make out the mountains anywhere across the bay area today. it was so thick for the past couple of days, we were sparing the air for 11 straight days i'm happy to report we are back in a good air quality range. temperatures are in the 40s for most cities.5&& the winds will decrease. let's check your drive and say good morning to mike. >> we have the meter lights turned on, so about your normal time. the back upstarts a bit earlier because a lighter volume of traffic and we show you the