max levchin sits on the board of yahoo! and peter and max today founded paypal. so there we go. >> well, it's all these -- what counts as a technology company is always quite a tricky thing. and every company on the nasdaq 100 brands itself as a tech company. but there is a point where investors in them are actually betting against technology. so microsoft is a bet against linux. it's a bet against new platforms. ibm is a bet against software innovation. oracle is a bet against cloud computing. i would say oracle, microsoft, ibm, these are also not technology companies. >> what is yahoo! again? >> it's probably a bet against changing the way they get information on the internet. so there are certain -- and so it is it is in a weird way i would say actually an old media company at this point. they have tons of viewers, tons of cash flows that come with that. and as long as nothing changes, it will continue to be a very valuable property. >> more significantly thania hao, though, you looked at companies like google and apple which have huge tons of cash that you ki

max levchin, once again. many great names on this list. the ones pete that stand out to you. >> stef and i were talking before we came out, mike cavanaugh when at jpmorgan i always thought he was going to be the man that would step in when jamie dimon stepped down, whenever that day might come. he left at carlisle, creative man who has the brains for wall street that everybody's looking for. carlisle is lucky to have him. elon musk the other because elon musk is an incredible thinker and how he thinks outside of the box does not listen to everybody else, does it on his own program, just makes him somebody creative going forward. >> josh? >> for me it's travis, from uber. i'm personally addicted to the product. second, we talk about transforming things, i can see a scenario are uber is not just about getting rides places, but just this concept of, things on demand. and services waiting for you at the touch of a button on an app. you could have whole cities transformed. the way we get from place to place. the elimination of parking garages.

board member max levchin. the battle lines are being drawn between tech companies and the government over nsa surveillance. former nsa director general keith alexander is here with the latest on the tense relationship, next. ♪ >> this is the best of bloomberg west. it is a hot button issue not going away any time soon. we are talking about government surveillance, requests, and the way tech companies respond to them. at the vanity fair new establishment summit, we sat down with retired general keith alexander, former director of the nast. i started by asking him if trust can ever be restored between tech companies and the government. >> i think there's a couple things that have to be done in this regard. first and foremost recognize that the programs that nsa runs were approved by congress, the courts, and the administration. nsa ran those on behalf of the government to keep this nation safe. and did that job well and patesdzfully. and all the review groups and even the president said nobody's been found doing

we will talk to max levchin, cofounder of paypal, and ceo of affirm.ere to talk about moonshot. it is something that has been bothering you. you didation enough -- not think there was. you have changed your tune? >> i've decided to disrupt a few things in banking, and it seems a lot of other people are doing similar things. >> tell us what you are here to talk about? >> whatever it is they wanted to talk about. my job is simply to pronounce that innovation is no longer quite as bad as i thought it was. of moonshote think like flying cars and spaceships. >> it seems like fantasy world. >> that is the stuff that gets a lot of attention, which is really great, because it inspires other people. speed is more mathematically inclined, disrupting finance, rewriting the way credit underwriting works, trying to use data and science to get women pregnant, easier, cheaper. slightly less glamorous, more about making the world a better place. >> and you are having success in terms of fertility? >> not personally. i have had my success with two beautiful kids, very

reed hoffman, jeremy stopple and max levchin.b knows more than those three about that rapidly trading electronic payment. the celebrity guest list this year bigger than ever. hillary clinton, al gore, musicians like neil young and will.i.am to unveil a new wearable device. this event is really a critical one for the cloud software industry and salesforce which this morning announced a few product called wave, the company entering that $38 billion analytics market and you look at salesforce stock not doing much this morning, hasn't done much in the past 12 months. talking about valuation the impact of recent acquisitions and if that company can grow in the future as it has in the past. today expect a lot of tech news, celebrity cameos. we will be here all day bringing you headlines as they cross. back to you. >> all right. josh, look forward to it. thank you so much. straight ahead here, google making a major move into the big apple and it's all thanks to youtube. we'll explain a little bit. plus, paypal founder peter tiel's react

she and emily chang will speak to paypal and cofounder max leche and -- levchin.o be speaking. tomorrow, you will see one of the markets top media m&a bankers. i will be speaking to john about how so many media companies want to get your while others, like news corp. and time warner, are getting smaller. past the hour which means bloomberg television is going on the markets. giving up early gains, fluctuating right now after yesterday's big decline. this all comes before the release this afternoon of the latest fed minutes as well as the unofficial start of earnings reportingh alcoa after the bell. joining me right now is the atity derivative strategist crest partners. when we have an earnings season like this, fomc minutes, what tends to move the markets more? >> that is keeping people under some sort of stress right now. risks to the downside in the market have been elevated. when you said external event, you refer to -- >> last week, there was a lot of activity in brazil stocks. there was a lot of options trading and results of spillover affects today. that see