i believe monetization on mobile will begin to catch up with monetization on the web as well. >> youbile has become on par with desktop. do you think it will surpass? >> the monetization has potential to surpass what you've been able to do on the web. it's not there yet but its coming. >> you mentioned big data. one thing we've been talking about is there's a lot of data and it's out there, but how do we actually use the data, analyze the data and make it valuable? >> a lot of people can collect data. how do you serve it in a relevant fashion and give an experience that they want? i spent a lot of time not only on big data but the synthesis and who delivers what to whom. >> your next top story, people still matter. were they starting to not matter? >> i wrote a book on this topic earlier this year. frankly, people are more dissatisfied than they have ever been. >> why? >> the age of the paternalistic company is long gone and people are now on their own more than ever. they like to be entrepreneurs but there is this disconnect with how companies work and how people want to work today.

i believe monetization on mobile will begin to catch up with monetization on the web as well. >> mobilee on par with the desktop and the web. will it surpass? >> it has the potential to surpass, but it is not there yet, but it is coming. >> one of the things we have been talking about with big data, there is a lot of data and it is out there, but how do we use the data and analyze the data and make it valuable? >> that is the most important thing, the synthesis. how do you serve it in a relevant fashion? i spend a lot of time on the big data pieces and on the synthesis and who delivers what to whom. >> your next top story is that people don't just matter, they still matter. >> the discontent with companies -- i wrote a book on this topic earlier this year -- people are more dissatisfied than they have ever been. >> why? >> they are counting on companies -- the age of the paternalistic company is long gone and people are now on their own more than ever. there is this disconnect with how companies work and how people want to work. if they do not speak to somebody's soul, they get dissatis

no particular reason why it wouldn't monetize as well as facebook currently.time but you're talking about at least a 10% incremental boost to revenue and profits, the question is the timing. two year organization one year. if it is a monetization announcement maybe a year. >> we've got two -- almost two of the three of your catalysts, we're getting fairly close to your pierice target. at 60 is that where we sell it? >> you know, we'll see. one a name like this that's still relatively early stage i think street estimates are still too low on this name and also, similar to the way we think about twitter too. we still have early stage assets. great mobile boosts behind them and social network something proving out with advertisers. i don't think you're looking to pull the trigger right at 60. >> mark, it's dan. you and i talk these names back in the turn of the century when the bubble burst, okay, back then it was all about advertising to banner ads. to me, why did facebook sell off when they reported their q3 and sold off because the company said they were going

if they keep the user base they have they will monetize it.here is danger in any tech stock they will go out of business, like anybody, blackberry, aol. as long as they keep that user base, not own grow it much, if they monetize it, which is, it is not 1999, they will get a few dollars a year out of these people in ad revenue. adam: jonas, who is buying this stock? if you think it's a mistake, who is making this mistake? >> everybody invested in any index fund or mutual fund is making the same mistake. all the internet stocks are equally overpriced or not, if you think the future will work out for them. it is not like nobody has ownership here. facebook was added to s&p. almost everybody owns it. i own mutual funds for clients. they own a very large chunk of facebook relative to everything else. adam: spencer, you're getting last word. someone is putting a lot of money on the line and they will lose it in your opinion. who are these people? >> i think it is a raging momentum stock. i think it is okay to single out twitter, because that is one

just to build on what allan said, monetization is not a simple thing. especially if you are obtaining large amounts of data, oftentimes, you need a network of lower-level people, you need runners, you need people who you can sacrifice if things go wrong and it is much more difficult than you would think to actually pull the dollars out of stolen identities. >> one of the bigger case that came out, you probably remember the name, but he was linked to compromising 30 million credit card numbers and the department of justice filing demonstrated that he had earned $200,000 over three or four years. that is not a lot of money for a smart guy in the tech industry. >> that being said, albert gonzales had $1 million buried in his backyard. what we're focused on here is infrastructure that the criminals are leveraging. over time, you will see as we go through the panel today, the evolution of the cyber criminal and the infrastructure that supports him has evolved. those that were committing the crimes that were impacting us 10 or 15 years ago are now the ones th

data points about someone all at once, it is easier to monetize that. to what extent can you drive up the cost of that. besides, if we assume that data breaches are still going to happen at some level, what is the next step in to try to increase the cost of actually getting the money out of the data you have acquired? >> i'm going to speak for my law enforcement background here and not necessarily from the verizon brand. what is interesting about the evolution of the infrastructure is that it is built upon a certain mindset. that mindset has been embedded within that culture for well over a decade. in order to operate within that environment you have to have certain skills, you have to have a certain respect for the community, if you will. it polices itself. as that evolution and mindset has been permeated, it is not a large group of individuals. we are not fighting, at least that are affecting the payment system when we talk about identity theft, it is a very small number. it is not a large group of individuals. it is those that have honed their skills

and he doesn't think can do it without monetizing the art in some way. so he's essentially told the museum he wants $500 million from them, however he can get it whether selling or some other mechanism. >> pirro: well, so cristies took a look at some of the work, right, just a very small percentage of the actual collection. tell us what they found. >> well, cristies looked at about 5% of the total collection of those 66,000 roughly works, so we're talking about 2800 works. these were workings that were bought directly by the city. mostly in the 1920s when the city was flush with auto cash. and what they found was as much as almost 900 million dollars worth of art. most of the value is included in 11 really stand out signature works in the museum, these are things like the wedding dance, valued at 100 million to 200 million, and van gogh's remarkable self-portrait which was valued somewhere between 80 million and 150 million. the matisse, the window, a rembrandt painting, an extraordinary michelangelo drawing, degas, monet and the like, these are among th

can they monetize it is the issue i'm concerned about. if i'm looking as an investor, i want real products and real cash flow and stuff i can monetize for my investment portfolio. neither of those meet that criteria. you want hope of something turning up in the future. that's why you invest in these things. >> got it. stay right there, young man. do you subscribe to amazon prime? i'm asking the audience now not just keith. it added more than a million dollar new subscribers in one week in december. and it's down a fraction at 397. keith, are you going to poor cold water on amazon? surely not. [laughter] >> no, i'm not going to pour cold water on amazon. i think it's a minor glitch, the shipping difficulties they've experienced. longer term, that's one thing that has changed the landscape and forever, i like amazon. stuart: let's turn the cold water tap back on. cold hitting new lows, i don't think it's new lows, but 1205, down to $8 this morning. you don't like gold either, do you? >> i'm not especially concerned by it, let's put it that

it would make it a lot more difficult to monetize. the difference between public and private response with id theft is something we talked about the other day. it seems that you can prepare the loss prevention teams of major credit card issuers with what seems to be in effect the irs. you wonder if the irs is good at it -- if the irs is as good at catching fraud is american express. to what extent can you improve that, given that more effective irs enforcement gets people upset? >> that is exactly right. it is a resources issue. it was said earlier, but to effectively monetize a search, you need a lot of people. you need a lot of criminals who are willing to work together. you also need, quite frankly crooked postal workers. the postal service, without getting into too much detail, it is beginning to be able to crack this stuff. you will see that 700 tax refund checks are being delivered along the same mailroom. what does that mean? all of this stuff is so reactive. we first see that and then you have to start at the bottom with the m

if they monetize it is a game changer? >> look for them to monetize the next couple of years.eitr as a spin out as a -- we think they will spin out to a reit the next couple of years. >> are you suggesting this is a real estate and not a lodging transaction? >> as much a real estate transaction as a lodging play. >> what about overseas exposure? are primarilyies in the united states and all the growth in china is something hilton cannot play into as well as the rival. >> the problems most of these operators face is the u.s. is saturated in brand so although global brands are looking to china for growth. hilton is going to add 40,000 rooms the next couple of years. new york,dorf astoria is that an out transfer hilton or a trophy property? >> that is a big real estate play. 1400 rooms -- >> i cannot imagine what the real estate is worth. >> highest and best use is probably not 1400 rooms. they can condo part of it. they obviously need to put capital in. >> we could live at the waldorf. >> how much money would that cost? >> i have to go into michael porter >>. ♪ it's the top ♪ >>

that business and monetize it nicely. > >this was quite a santa rally we just enjoyed. we get one usually this time of year but is there any reason why this just wouldn't continue into the new year? > >the santa claus rally although it tends to be a bit lower when we come in off of these high numbers is very much in tact and there is no reason to think that equities don't still have a little room to grow in the first quarter. although we expect the final three quarters of 2014 to be much higher in terms of volatility and much more difficult for investors to navigate. > >lastly, what should we keep our eye on as we start the new year? > >you really want to keep an eye on the fed and all the central banks around the world. they have been the tailwinds of this extraordinary 5 year run and that is what people should be focused on. > >good advice. lincoln ellis, thanks very much. > >you bet. now that christmas is over... gift giving is turning into gift returning... as diane moca explains. chuck ... in today's cover story...retailers are looking forward to the seventh busies

igure out rying to f how po monetize disappearing photos.e.t is the challen >> there are new numbers out that crossed this morning on affordable care act in sign-ups in november. e have talked about the technological problems. now that they are supposedly fixed what are we seeing? >> there were good signs that some of the fixes are in place and we got the obama care exchange numbers for november and there was a major uptick. ore than a quarter million last month and that is twice as many as october. attributed to the technical fixes with the website. cathol kathle sebelius is planning an investigation. > i have asked the i.g. to become involved because i think it is very appropriate to look only the ects of not management practices but the penditures, specs in the contract, payment issues. sed on his ba recommendation. >> don't get the idea that fixed.ing has been the website continues to face challenges namely back-end issues including data transfer. till have improved but s problems. >> we will watch that. youtube viewers watched more of v

mentioned radio as a poorly monetized channel.nd we are converting these users to a much higher way of consuming music. at the end of the day, we have continued to do that. again, back to a point i made earlier, we are trying to get more people into this. we have an efficient way of moving people from no pay too little pay to a much higher payback to the industry. it is about getting more people onto that efficient conveyor belt. >> as you know, there's a lot that we do not know that spotify, how big do we think it is? >> there are some clues out there. you have heard of content cost being 70% of what their revenues are. we know what their content costs are. they said they paid $1 billion total, $500 million in the last year. that suggests that they have done about $714 million in revenues up to this point. that is a really big business already for spotify. it sounds like they are really growing by leaps and bounds. this new service may help them get closer to pandora. >> how does it compare to pandora? and/or has been around for

ithas gone so quickly that has grown so fast and is driven theye invest in banks, have had to monetize the data that they get. the only way they can monetize the data is by selling the data about their users. >> what is different from what the government gathers? it depends on if the government is investigating you. a practicalnt, as matter, doesn't know anything about you. on the other hand, if you are using any of these internet-based services, the services know everything you put on there. all of that. correlate withan any other service that is with,arily cooperated they can create a composite picture of you. >> facebook makes at least $1.65 off of each of its users. most likely a mail user who is not very active. is $7.62 off of a female user who has at least 250 friends and posts 150 times a month. write equity is making money. we will explain. you have to take a look at this. we are in the final hours of the holiday shopping season. procrastinating? it could turn out to be the best way to go. shoppingpreading goodwill in massachusetts. andgot on the loudspeaker offered to pay the

already monetized. >> we can agree that you can't buy on valuation but the problem, tesla was earlier or facebook, a lot of momentum in the stock, there isn't a big flow. >> i don't think anybody's say short, on this desk, no? >> i've got traders trying to short the stock. i think they'll get their pants burned like tesla. there isn't a large flow. there's a lot of sentiment on retailers who want to own twitter because of the tweeting. >> i'd be hard pressed to find a manager shorting the stocks on valuation. whenever they've tried it, they've gotten hurt. you have to wait for the second and third break, probably third and fourth. >> get your members-only jackets ready, josh brown. six large cap companies up 400% this year. someone here at this desks one of them in the 2014 play book. major gainers next. >>> an investor says one of the year's top indices in for a rough spell in 2014. what should you hold? what should you fold next year? if you're living with moderate to severe crohn's disease, and it feels like your life revolves around your symptoms, ask your gastroenterologist about

the private equity industry is constantly looking at the portfolio to monetize. >> the ipo market hase. data compiled by bloomberg, this has been the busiest since 2004 and by the end of the year, some 200 companies expected to debut. what does the jobs act have to do with this? than $1s with less billion in annual revenue can file an ipo but they can do so confidential. >> which twitter did but then they gave a tweet. good question and you will have to see how it unfolds. most companies -- and this is my opinion -- are not going to go public because they can do it confidentially but to raise equity for their private sponsor, depressed assets, monetize investments. does it help twitter? yes. it remains to be seen if whether that is good for the overall investment community. buycks the budget agreement reached tuesday in washington. does it have companies the certainty they need to begin advance preparations for an ipo? >> it gives general certainty and confidence. >> as much as you can give given the fact that we have two parties who don't like each other? >> and the battle from octob

debt yes which is a fraud and they don't call it monetization they call quantitative easing but just yellen will be kind of like a remake of robert de niro taxi driver or she's going to be every month at the federal open market policy committee say you done for me you buy it for me you buy it from me. you know she's going to have that hog face stuck in a mirror somewhere you montreux me you know this will be the policies going forward that should go out on a some kind of murder spree and well the thing about breath air it is them is you know you do need sustenance this is why people die because the gulping air parent doesn't mort you need nutrients minerals water and the same thing for the global economy the bond market is supposed to be part of the sustenance of capitalism of entrepreneurial as i'm of you know making thing is i'm so the fact that it's just the government feeding itself and eating itself of the just the government that's why the rest of the private sector is dying well here's the really ironic thing as we head into the end of the year the two look bull mania is alive

. >> plus, i mean, they've already demonstrated they can monetize the mobile. they've already gone over the billion mark from three quarters at zero, and twitter still has to define how they're going to monetize. so facebook going 50 and higher, all day. >> what about some of the other social stocks? that have been moving, groupon today, i had on my list. up 5%. breaking through its 50-day moving average. yelp, some of the stocks we haven't talked about all that often of late, and look at the performance of social media stocks and if you remove facebook and twitter from the conversation, what's the next stock you would want to own here? >> linkedin seems to be the darling. for valuation purposes, i can't own it, but it's one that's consistently outperformed the expectations, and this is a group trade. it's stage right, stage left, momentum coming back to the market, that's what that shows to me. and that's why they're moving. >> twitter shares have retaken the $50 level. bob peck of suntrust was the first analyst to slap a buy on that company with the $50 price

well on monetizing that platform. i think it's early days at twitter. and there's a lot of people excited about the stock, and we see some great possibilities for them in -- really in the television business. i see how much people in your business talk about what people are saying on twitter. >> mm-hmm. >> and i think they own part of the conversation in the media industry. they've got to figure out how to monetize that. >> yeah. hey, glen, thank you for spending time. have a happy and healthy one. >> great. have a great holiday. >> glen kacher. guys, what do you think about the plays? >> the facebook, the news that came out, they'll be doing the ad -- the video ads and now twitter is following up, and talk they'll be getting 4 to 6 million around the super bowl for the ads, that's huge. that's the story that hasn't been told yet on facebook. and to a lesser extent, also on twitter. so i like both of the plays. >> what about the chinese internet plays? he's made a killing in these names. they're up, like, 200%. >> i w

area.tinues to be a hot i believe monetization on mobile will catch up with what is going on on the webfancy, one of the companies we have invested in. they are doing great and look at the mobile experience. >> remind us what it does. >> it is interest for men. i am sure they market it some other way. i market it that way. more for the for top tech stories of to -- of 2014. we will be right back. ♪ ♪ >> this is the early edition of "bloomberg west." back to our special year-end series as we wrap up 2013 and are taking a look back at the trends that shaped the year. he spoke to emily chang about security and reg out growth stories of the year. inis on to another big story 2013, the rise of mobile. in 2013ew tremendously and i think it will be an even bigger story in 2014. everybody says mobile first, but it really is, development is starting to happen first on mobile firsts and israel. i also think big data as another big trend around mobile, where what is going on, what are people looking at, i believe monetization -- monson eyes a -- -- minus is come onaid mobile has par with desktop a

and lots of steps can be taken secure and make t a lot more difficult to monetize, i think fraudulent information. id the difference between theft the other day it seems if you could compare the routines issuers with what seems to be in effect at the as, you wonder if the irs is good as catching fraud at say the american express. would we have? to one extent, can you improve hat given that more effective irs enforcement gets people upset a little bit. >> that's exactly right. issue.resources the -- the -- it was said earlier, right? effectively 1k50e78, a surf stonen fraud scheme, you need together.to work you also need, quite frajly, you rourkers.ed postal so what we'll see with -- the service -- without too much detail, the postal service stuff.e to track this you see that 700 tax refund checks fraudulently obtained refund checks are being delivered among the same mail that mean, oes right? >> all of this stuff is so reactive. you have to see that. we start in the bottom where the carrier. tried to flip the mail carrier and now get to the next step and next step. the people in the t

you look at the monetization, and we will chat about it over here. the about for these guys to get the digital ad space, this is exactly what you want to buy. >> and season alty of apple is january is not a great month. you're going to get a mored a venn teenageous price in january. >> china mobile has held 52 a bunch of times. i think the trade, i think the risk reward on the long side is trading 52.5 now. it's no question. i think if you want to trade it, 52 is your boegy. >> shanghai kmos it breaking a nine day losing streak today. could problems in china be the next big risk to this rally here in the united states? joining us now is dennis gartman, et tore of the gartman letter. happy holidays to you. >> always good to be seen. >> why are you so worried about china? is it because of the liquidity crunch that we're seeing over there? if there is something i am concerned about. it is china. usually these problems just disappear after the turn of the year but if you have to be concerned about something, be concerned about the fact that short term ra

wholey if you can get bunch of credit card numbers darks at a points about someone it's easier to monetize that. can you drive up the cost of it? besides if we assume the data going to happen on some level, what's the step to youto increase the cost of, know, getting an -- getting the oney out of the data you acquire? lawo going to speak from my enforcement background and not necessarily from the verizon brand. the at's interesting about evolution of the infrastructure is that it's built upon a certain mindset, right? and that mindset is embed in that culture for well over a decade. in order to operate within that environment, you have to have certain skills you. have to have a certain respect for the community if you will. it polices itself, right. mindset ution and that has been permeated to -- it's not a large group of individuals at it, zach look and you can shed more light on the current role. fighting, at least that are affecting the payment system. identity theft and the payment card industry, it's a small number, it's not a large individuals that are doing this. it's those that hon

>> all we are monetizing is the website. the trouble at this free. we don't mind.h languages for free. the case is the most people who are learning a foreign language actually of low socioeconomic status. so they are actually learning english outside of the u.s. to get a better job. our main goal as been to really make a freeway to teach language david: how do you get funding? how are you financing of this? >> we actually got venture funding. we have a few venture capital firms that have invested. so the primary investors and twitter. so far we have gotten $80 million of funding to help us develop the gap. cheryl: congratulations. so many amps. david: i think we're both going to try. we will let you know. >> it's totally fun. david: we will try to let you know how we did. it is called duolingo. meanwhile, the second deadly attack striking russia and less than 24 hours raising new concerns to six weeks before the winter olympics. we will bring you the very latest coming next. ♪ [ male announcer ] if you're taking multiple medications, does your mouth often feel dry?

we were able to monetize about $1 billion of what are non- earning assets.e were focused more on cash than the book value. if you are public, the analysts would give you a whack for that because it was below book value. you have to make sure you maintain the operational focus and the focus on excellence and continuous improvement in those operations. >> ipos are hot no matter what? >> people are being selective. good business models are relatively easy to finance. most importantly as we are in a period where we do not have volatility to the equity market. a lot of sponsors and companies that we see, particularly in health care and technology, are taking advantage that there is capital. >> is it giving your clients pause? does that make them think, if these guys do not see the buying opportunity, should i? >> there is natural evolution. a lot of the companies are the endgame for the lbo's that got done in the late 2010s. it was the natural evolution. as the things become public, five to seven years after they become public there will be an offering. people ar

monetizing to intellectual property.d to mention this because of the contact between nokia and blackberry. nokia sold to microsoft, sold to you, steve and then began to spend that money, fix their balance sheet first, that's a common theme and then came up with some products that are winning and their intellectual property is being monetized. blackberry, maybe they should have sold the handset business to somebody and monetized the intellectual property. they failed to do that. that's why blackberry going like this and nokia doing like this. two ships passing in the night. one feels very titanic-like and the other maybe like an intrepid. >> didn't the eagles win the super bowl in -- >> no. we've not won a super bowl ever. ever. i know, that's kind of -- it's something i have to live with. >> apologize for that. i must have been mistaken. of course the jets haven't won one since '69. the opening bell just a few minutes away on this thursday. we're back after this. sleep train's interest-free for 3 event is ending soon! ge

and so, this company called monetize, which trades in the u.k., we think is going to be a big winnern this whole mobile banking area. very, very high growth, one of the things that has the potential not in 2014, but three, five years, a five bag, maybe more. a strong balance sheet. rather significant affiliations, visa europe, visa u.s., significant equity ownership in the company. ibm does significant amount of business with them. and they've been signing up new clients literally on a weekly basis. so far, sprint is monetized, sandridge, quality corp., a health care provider in brazil, growing very rapidly, lots of free cash flow, very low multiple relative to the free cash flow, looks very interesting. and a new name for us, and we own it, is sun edison, which is a leading company in the solar energy field, and it's kind of remaking itself. they'll be spinning off their money-losing semiconductor business. they're going to take their -- some of their product and put it into a high-yield, income-oriented vehicle, and we think the sum of the parts is 20, and the stock is trading arou

that's not to say it is not a good idea but that is where we monetize the policy. we'll to have consider both sides. also if you may need to do that to make sure you set aside reserves to increase the burden. unlike most of the debts, this has a bunch of policy questions em bed in that and i will expect to have some conversation from now and the action between the time we issue. >> this commission adopted and has been a credit strengths that the rating agencies has mentioned. you have covered all the prices and the fact that you review it quarterly as part of your budget update. that is seen and noted by the rating agencies. >> all right. next up is karen to give us an update on the sewer system improvement program. >> karen kubick, director of the sewer system improvement program. we spent some time on the project as well as the engagement. at this time we have started all the phase one projects and primarily everything is in the planning phase in the green colored bars. but we do have a few projects that are in construction, the digester that we talked about and

echo and my concern about the conservation approach and it do dove tails nicely and we start to monetizing and looking at the benefits as well as the parallel incentive program would be. i think you capture in your presentation and not much for a fee. i had another question on the infrastructure. it seems that is an opportunity especially on the water shed and roll out to do community outreach toond really have the communication be around look your rates are going to increase, but here is the additional benefits that you will get from your rate increase and to really use that green infrastructure programming as the communication vehicle for the rates. i don't know how to really capture that but it ties in with your slides for with a the public outreach programming will be as well as the benefits of lid fee incentive structure might be. >> any other comments? >> at any time you have additional thoughts please share with me. not to put you in the spot, but i have collected comments as to rates and we are working on those various ideas affordability and payer outreach as well. >> vice-preside

. >> it allows them to monetize an unprofitable business, the diabetes business and invest it for much more potential in long-term growth. >> reporter: diabetes has gotten a lot of attention thanks to the epidemic status. according to evaluate pharma, second to central nervous treatments for diseases like alzheimer's and that number is expected to grow at about eight percent a year. a bristol -myers spokesperson says the potential for longer term survival in certain cancers. it's something the drug maker believes will lead to a quote transformational shift in how the disease is treated, and it may be right. >> as soon as doctors figure out the genetics of a tumor, person and the immune system, that opens up a brave new world for new chemotherapy drugs. the big concern is how much do we personalize chemotherapy and how much can we afford it. >> with cancer treatments costing $106,000 a year, it's also a big business. in fact, analysts expect pharma companies to allocate more to cancer treatment. >>> and still ahead, complain like a pro as shopper d dissatisfaction rises, how to get your

sheryl crow, hugh jackman and janelle monet were all on hand. >>> and that's going to do it for yourh of "scrambled politics." joining us for our first look at politics, is "washington post" reporter david nakamura. 38 media organizations wrote this letter to the white house last week claiming that this administration is blocking the public from having an independent view of the executive branch of government. now david, of course, you cover the white house for "the washington post." i want to get your take on this. do you think this is a fair assessment? >> i think so. this has been a long standing issue for the press association and its grown more of a concern over time with the obama administration. this is an era, of course in, which everybody is able to access social media and publish their own photos. the swhous very good at that. they have a good robust website. facebook page and they're able to then take that and use their own photographs to sort of put out an image they sthi problthi burnished and edited and the press association might like. this is an issue on anything from

what you have there is liberty going after synergies and monetizing assets. really being quite difficult. it was a land grab by liberty media and they got 30% of the company. and picked up virgin media they lost out on kabul bushland. this is about germany and the netherlands. this is about getting control of assets and that allows you .ccess to growing your business there are a couple of outstanding factors. and theyt off a chat said that they played their markets. they have been long on kabul and virgin. consolidationnder and that is a critical point. >> absolutely. manus, thank you very much indeed. manus cranny talking to us about the labor news him liberty on liberty global. moving onto travel trends. in the past couple of minutes, the international airline transport association has raised its global airline profit forecast for this year and next year. they always do. ceo and caroline hyde joins us now with more breaking news. >> quite a lot left for next year. a 40% increase in profits for the airlines. noticeably, it is not the increase in the passenge

monet. to me nauseated. was peeking in to turn thirty six said he was shocked by the revelations said definition of another the question. this rect history. mr mitchell says it's the duty of the haunted house. and of such apology for the first pitch. he said he expected to meet with the green in puke and infirmities in due course born on the street yelling i did a couple parties for adults and damaged outings here in studio which it first hit back at nikko at the epicenter of this inquiry and you have been speaking to representatives of up to us by seeking reaction from them to the findings of touch with the idea. and the connection from leo colton and by his sister though the tribunal found that he had assisted the ira by providing forced passport documents whether the tribunal did not find that it can convert into two ruc officers. in his statement mr colton said he respected the integrity of its mythical ever he said he rejected completely and asked me the findings that were made against him he said he'd

i think that social media companies need to learn how to acquire and monetize consistently and come to -- it will be hard for mark zuckerberg because i remember when he was going to conferences in 2005, 2006, and he was so confident telling all the old men that he didn't know what was going on. he will have to get used to the prospect of becoming irrelevant. >> this is an echo of march of 2000. does it come down to management arrogance -- "trust us, we know what we are talking about"? >> i don't think it is quite 2000 because i don't think doublethink is going to come crashing down. -- i don't think everything is going to come crashing down. i think social media is here to stay productive the process of searching out new plot ash but there is deep -- there is the process of searching a new platforms where your parents don't know it is there. i don't think it is 2000, i don't think the whole thing is going to explode. thatre a bit right in people who run social media companies will learn how to be irrelevant. >> home sales due out at 10:00 a.m. ♪ >> this is "bloomberg surveillance." i a

monetization efforts are still very early. in these kind of deals, we are going to get a lot of exposure, will probably take a year to really prove that deal. it makes a ton of sense strategically, whether the numbers work out or not. >> if you look forward, and maybe you take us out three to five years, revenues this year around 640 million, what is the revenue in five years? >> i think this company can sustain, and will probably get ready closer double-digit growth thenhe next year, and you will see a gradual deceleration in the growth rate. they should be able to generate $5 billion or $6 billion in a five-year timeframe. that is what you said see. more portly, you will see earnings growth dramatically higher than the revenue growth, because we will see scale in this business. >> that certainly gets my attention. valuation or not. conversation, thank you for being here. >> if you like the dollar, you're going to love u.s. stocks. that is today's insight in action. plus, we have an exclusive interview with the ceo of airbus.

and if you have enough people, you're going to be able to monetize that intention and intent. >> it's say that tumblr was early in the development but i think they had the scale that would justify revenue. >> who has monetized them? it starts out like that. >> well, facebook would be an example. when we looked at facebook in 2004, they hit zero revenue proudly and today it's a multibillion dollar top line company. >> yeah. >> i hope it happened. >> or twitter. >> vc guys and ipo guys, if you're able to say forever eventually you monetize it and it's fine now. but then you get -- one example, facebook. >> well, how about twitter as another. >> monetizing it already? >> sure. >> well, it's -- i would say the valuation is still very high relative to sales. but you look at the rate in which they're increasing revenues, it's very significant. >> this pets.com stock i still have -- >> i remember. >> should i keep waiting? >> i would. i would hold on to that certificate. i think the puppet's coming back for sure. if you look at twitter and facebook, one thing that has happened is companies w

about those who want to bring out of the ground the resources that they fled claim to that they monetize at their balance sheets. we've recently seen science and bill mckibben who many of your listeners and viewers know. it was the first to bring this to public attention but several years ago there was a scientific study with twenty or thirty if it was twenty six actually the world's top scientists and they determined that we have a carbon budget and that we we've used much of that budget up and in fact two thirds of the fossil energy proven reserves around the world have to stay underground we can't dig them up and still save ourselves from the worst consequences of climate change the international energy agency has confirmed that says the same thing that we have to leave those resources in the ground now those are assets trillions of dollars of assets that the possibility called in these used to evaluate their worth in the stock market and so on so the fact that we need to straddle them and leave them underground is not going over well in those industries but in fact if we want to head

equally and so when you have these like big corporations who want to get involved and sort of try to monetize it and prior and privatized it i just don't understand why they would mess around with something that works so flawlessly the way it is how much do you think the music industry is a part of that push i mean we know that sopa was obviously trying to implement a lot of seizure on that neutrality as well. yeah i mean i'm in some ways i'm the wrong person. i ask because i love what i referred to as like the democratic chaos of the internet you know i love the fact that it is strangely self-regulating it kind of polices itself and i've also been a lifelong member of the a.c.l.u. so i'm just a huge proponent of the free and uninhibited dissemination of information. yeah i love that about the i mean the the militant egalitarian method that the internet started out as and unfortunately we're going to go by the wayside it's really important that we cement that notion quick let's talk about another thing with a really big on bradley manning chelsea manning rather you're also part of the i am ch