is sticking mcnamee with me.hear from one of the first people to put all intos professional efforts this industry. his thoughts on the current price and how block chain can disrupt more than banking, next. this is bloomberg. ♪ emily: as we have been discussing throughout the show, the rise in the value of the crypto market has been unprecedented. can the industry scale as more investors jump in? we ask that question to claim base cofounder fred ehrsam, who remembers when bitcoin was in its early stages. take a listen. fred: people who were working on bitcoin early always thought it had the potential to be something huge, otherwise, they would not have spent their time on it. but to have said it then would have sounded crazy. you always think it is possible, but you never assume. think we are in ypet another stage of a h cycle here? fred: yes, one luxury of having been in this industry for seven years is you get to see the same hype boom and bust pattern over and over. i remember when it coin went from $32 to two

. >>> plus apple going hollywood with a billion dollar budget, but tech investing roger mcnamee says the war for streaming content may have no winner >>> later it's the moment of truth for walmart. the big box retailer on detection for earnings tomorrow. how the trade respect are betting ahead of that report this evening this evening much more ahead on fast. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...saving time when it matters most. stay with me, mrs. parker. that's the power of and. who knew that phones would starentertaining us,ng? getting us back on track and finding us dates. phones really have changed. so why hasn't the way we pay for them? introducing xfinity mobile. you only pay for data and can easily switch between pay per gig and unlimited. no one else lets you do that. see how much you can save when you choose by the gig or unlimited. call or go to xfinitymobile.com. xfinity mobile

. >>> straight ahead, elevation partner roger mcnamee says early investments in facebook and google helpednster find out why, next there's a denture adhesive that holds strong until evening. fixodent plus adhesives. just one application gives you superior hold even at the end of the day fixodent. strong more like natural teeth. >>> good morning, everyone i'm sue herrera. secretary of state rex tillerson aarriving in guam on a refueling stop on his way from washington to malaysia. he does not believe there's an imminent threat from north korea to the u.s. or to guam >> i think americans should sleep well at night, have no concerns about this particular rhetoric of the last few days. i think the president, again, as commander in chief, i think he felt it necessary to issue a very strong statement directly to north korea >>> french authorities telling nbc news the vehicle attack on soldiers in a paris suburb is a terrorist attack the suspect, a 36-year-old man of french/north african origins, has been arrested. he slammed his bmw into a group of soldiers injuring six >>> kenya police engaging

emily: roger mcnamee who , invested early, just wrote an op-ed saying, "i am terrified by the damageeing done by these internet monopolies. like gambling, nicotine, alcohol, or heroin, facebook and google, most importantly through youtube, produce short-term happiness with serious negative consequences in the long-term. the fault lies with advertising business models that drive companies to maximize attention at all costs, leading to ever more aggressive brain hacking." how do you respond? nikesh: every marketer's dream is to try to get you to passionately love their brand. i don't think whether it is -- i don't think it's any different whether it is online , or off-line advertising. consumers are smart enough that they get bombarded by advertising and it overwhelms the primary purpose of what they went somewhere for, whether it is the newspaper, online website, or video. they vote by walking away. emily: you ran google 's european operations for five years. they just got slapped with a $2.7 billion fine, there are more inquiries open. how big a threat are these european regulatory i

tune in with conversations and ceos -- roger mcnamee and vinny hrsam.m and fred e some of the biggeststories right now. amazon sold unsafe solar eclipse glasses and did not adequately publicize a recall according to a proposed class action suit by a south carolina couple. they claimed it their eyes were damaged by watching the eclipse and they are seeking monetary damages and a medical monitoring program for eye injuries. campbell's soup posted disappointed earnings and the forecast number, warren buffett comments about unlikely merger in the business are also weighing on the company today. the fast food industry has suffered a three-year slump as consumers shift to more natural and organic foods. number of compromise devery karz at atm's and card readers of 39% of on track to stack the number of compromised debit and card readers up 39% in on track to set a record. visa has an october 1 deadline for atm owners to upgrade to chip technology. meanwhile, u.s. consumer spending rose by less than expected last month. it was up 0.3% but an upward revision to june purchases and rising in, d

. >> and here at home, check out this exchange on twitter, donald trump ally, kaley mcnamee, presidenttayed in the party because i figured staying and fighting for it was better than leaving, but the lord is testing me. i found that interesting, i have known kristen a long time, often when these things change, it's the younger people who force the grown-ups to change their ways. you made the point, i think governor romney was very clear in criticizing the president. but you're right, a lot of people are saying to say, preside you're wrong in not naming names. essentially saying she works for a congressional candidate, she works for a campaign, saying maybe i don't belong here anymore? >> it's difficult to paint with that broad a brush, because a lot of the alt-right movement came from the younger generation and affiliated themselves where the republican party. it's not just old white men and their antiquated views or what have you, and also because a lot of people lived through the 1960s and 1970s and don't want to go through that again so they're hearing these things and saying this i

kelly mcnamee, who used to be an advisor at cnn, or a trump spokesperson at cnn is now one of those voices on that online media show. critics say this is like state run media, but trump supporters say it's a way for him to connect directly with his s supporters and they also pointed out that president obama had something somewhat similar when he was in the white house. >> but it didn't imitate a regular newscast in the same fashion. >> reporter: right. >> and what about mike pence? the push back from the pence folks is that that is what he would be doing if he it's running for re-election as vice president and if he's preparing for the 2018 midterms. >> reporter: well, and it's interesting, his spokesperson mark lauder today confirmed today that he is setting up a leadership pac, and he is holding a number of meetings with high level donors, he is saying that this is offensive and the only thing that the vice president is focused on is getting president trump re-elected in 2020. and the president as part of his tweet storm saying the failing new york timgs has been wrong many times. a lot

roger mcnamee joining us >>> now to our solar eclipse jane wells are where they're nearing the start of the eclipse. what's the update, jane? >> sarah, we're 53 minutes away from the startst eclipse which will begin here in oregon. you can see the campers here there is a long line to the portable toilets people get ready here at solar town, a cam ground 20,000 people camped here last night. they'll start to gather in this field here to watch the eclipse. if you look at the nasa map, it starts in oregon it will take four hours for the whole eclipse to get across the country. totality, the total eclipse will last about 90 minutes inside that period. so there's been this whole migration of people trying to be in the zone of totality. in fact, here yesterday in madris, it took four hours to drive the last two miles into this campground. this is the first coast to coast eclipse we had in a century. the first only u.s. eclipse we had since 1778, two years after our own brexit, and some people are saying that they're willing to do anything to say i was there. no matter what the cost. >> how

mcnamee down. -- manganese down. iron ore in singapore is trading down by 5%.g you this chart. is the start of the year. that is where we were at the start of the year. bounced offhave that little line over the last couple days. it is going back to 50. it will be interesting. manus: guy johnson with the latest on the markets and iron ore. james bevan is the cio at ccla investment management entity is with us. let's talk about the misery index. this is what we are talking about. it is all the way back to 1955. what is it and why do i care? james: when i think about violation, i think why should variables be connected? it is clear the sum of unemployment and inflation describes the construct of the underlying economy. these are movements in relative terms for variables that describe growth or inflation. since 1979, the some of the misery index, the some of the unemployment rate plus the inflation rate plus the price-earnings multiple, has been -- if we get lower unemployment, inflation, we can justify a higher stock market. then we have higher -- you just heard t

good stuff today thank you for your time as always roger mcnamee. >>> when we return, silicon valleysus a neonazi website following the tragic events in charlottesville over the weekend. we're back in a moment where to get in... where to get out. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. for years, centurylink has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business is different. ♪ ♪ we deliver super-fast internet with speeds of 250 megabits per second across our entire network, to more companies, in more locations, than centurylink. we do business where you do business. ♪ ♪ >>> daily stormer has 24 hours to most domain to another provider they vie latd our terms of service. joining us to discussion that decision and more is blake irving, the ceo of godaddy who has seen the stock jump 20% so far this year. w

we'll discuss that and more with venture capitalist roger mcnamee this morning in squawk ally. dow is down 9 points and take a look at the movement in treasuries this morning. the 10 year yield getting loes to a 2 month low back in a moment i think that she's a very nice girl... you never got the brakes looked at? oh yeah. no. at cognizant, we're helping today's leading manufacturers make things that think and do automatically. imagine that, a world of new digital products and services all working together for you. can i borrow the car when it's back? get ready, because we're helping leading companies see it- and see it through-with digital. >>> that's according to recode previously there had been a short list of candidates they are been looking for a ceo since the co-founder sat down in june kara swisher with her story said a vote expected within two weeks. >> wow i thought it was very surprising maybe he brings a steady hand and that's what is needed. you go from a colosas. >> it's a free for all every story makes it look like animal house he did not have an easy run there. >

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