james murdoch really had taken over as a parent, he was a very successful ceo at bskyb.ons loved him. he was chairman. after the news hacking scandal here in the uk, the closure of news of the world, it forced him to step down from those positions and people were talking about would elizabeth murdoch regain, come back into the fray, would lachlan succeed? and what you've seen today is massive succession planning. you see one half of those two brothers take over the board control position and the other half take over a management position. >> they've all had their scandals, though. it started with lachlan murdoch, one tell, collapse of a telecommunications company in australia. >> he stepped back. he said i don't have the ambition. >> i sat through a very long court case with lachlan murdoch where he had to explain his actions. many investors were hoodwinked at the time. elizabeth murdoch sold her business to a high priced -- >> this -- >> investors were very annoyed by this. >> spend millions of pounds and that's where the problem is. alex, let's bring you back in here.

--bird murdoch picks his air bird murdoch picks his -- rupert murdoch picks his heir. >> we will talkuter space ambitions of richard branson. he says were denver -- says virgin galactic is only the beginning. you are watching "market makers." on bloomberg.com, you can find all of our interviews live and on demand. ♪ >> rupert murdoch seems to have picked his successor, locklin -- lachlan. he will be the cochairman along with his 83-year-old father, which laces him above his younger brother, james, who never -- which places him above his younger brother, james. we will talk to one of the top murdoch-ologists out there. media correspondent for npr. it is a little bit convoluted here. start us off with explaining why lachlan is back in. i thought he was out. he left the company in 2005 to start his own investment company. now he is back in. >> this is something rupert murdoch wanted for a long time. he has always wanted these succession games to pick his adult children against each other -- to pit his adult children against each other. lachlan left because there had been these backroom m

two new score now, rupert murdoch has put his oldest son , rupert murdoch has named his eldest son asrman of news corp. and fox, and his younger murdoch, was with them throughout the phone hacking probe, and i want to bring in our correspondent, jon erlichman, and what does this thinking, rupert's putting his son back into a major position of power? >> rupert murdoch is one of the the energetic people on planet. he does want to make sure that people inside the company, investors, the board of directors, anyone is well aware that he likes this to be a business that has a big family component to it, and so on the son,ide, use the the older -- you see his one son coming back in, and james overseeing the tv operations, and it allows us to ask these questions about who will ultimately be the successor of rupert murdoch. >> does this mean that james has essentially emerged unscathed from the phone hacking issue, and how are these two brothers different? >> they are definitely different. older may be more from the gut, like his dad. he has got tattoos, and james may be more analytical, but t

do you think murdoch envisioned what was going to happen? is he ideological the way you portray ailes has been ideological? >> guest: i don't think murdoch could have ever imagined this success. "fox news" is -- generates a billion dollars of reliable profit every year. i think ideologically rupert murdoch is a conservative. he's a pragmatist. he has demonstrated an ability really to back politicians of all stripes. famously he coasted up to tony blair in new labour in the united kingdom. he reached out to hillary clinton in the states. that said i think roger ailes profits give him the independence to program foxlike he sees fit salon issues like immigration and education and issues like climate change rupert murdoch and roger ailes are not on the same page. >> host: today we live in such a different world in terms of the media and ailes was slow to understand or put money behind any kind of web apparatus. you paint him as the man who divided america and that's the title of your book, how the brilliant, bombastric roger ailes built fox news

"murdoch's world." rupert murdoch is 83, yes, but we all know how vigorous he still is. he's sort of a sumner redstone type who still wants to maintain control of his company. how much longer do you think that lasts? >> well, he, of course, has thought himself to be immortal until his mother's passing relatively recently at the age of 102. he would point to her and say i've got a lot of time yet and i still think he thinks that, but he seems a little frailer these days and yet somewhat invigorated. he just divorced his third wife and i think he's bringing his son lachlan in the fold as he had hoped to do in 2011 and then again last year when he designed the new slimmed down news corp. so much around the psychology and even the geography of lachlan murdoch who retreated to his father's native country of australia. without taking anything away from what brian said, i think it matters a lot that the last name is murdoch. you know, this is a publicly traded company but like sumner redstone and viacom or cbs

do you think murdoch envisioned what would happen? is the ideological of the way you per tray ailes has been ideological? >> guest: i don't think rupert>t murdoch could've ever imagined ills created. fox news is not the single most profitable division of the empire. it generates a billion dollars of reliable profit every year. ideologically, rupert murdoch is the conservatives. he's pharmacy business person and has demonstrated an ability to bacchae politicians when it suits the needs of his business. he posted at tony blair and new labour in the united kingdom. he reached out to hillary clinton here in the state. with that said, the profits give him the independents are programmed program fox sec said. issues like immigration, issues like education, issues like climate change not on the same page. murdoch seals to do it because it suits his business interests. >> host: today we live in a different world and he's acknowledged he was slow to understand or try to put money behind any web apparatus. you paint him as the man who divided a

>> guest: don't think that rupert murdoch could ever have imagined the success. he was the most profitable division of the media empire that generates a billion dollars of reliable profit every year. i think ideologically rupert murdoch is a conservative and a pragmatist and a business person that has demonstrated an ability really to back the politicians of all stripes when it suits the needs of the business. he cozied up to tony blair in the united kingdom and he reached out to hillary clinton here in the state. but that said i think that his profits give him the independent program so on the issues like immigration, issues like education and issues like climate change rupert murdoch and roger ailes are not on the same page but they allow them to do it because it suits their business interest. >> host: we live in such a different world and he acknowledged that he was slow to understand or put money behind any kind of an apparatus. you paint him as the man that divided america. and that is the title of your book the brilliant band that divided america. came back

chlanin murdoch -- la resigning from that and they had to appoint a new ceo. it is all linked.ove isstock on the lloyds banking group. for more on lloyds, i am joined by a manus cranny. this is a profit for the government. >> it is. look at that stock price. down over five percent. it is a profit. look at that. they had to discount the price. they got the institutions to come in and did. -- and bid. pence.d at 75.5 we use ate price bloomberg is 61 pence because lloyds paid for insurance on their tactic assets -- on their toxic assets. we know a profit which that george osborne is going to use to pay down part of the national debt here in the u.k. >> thank you so much. what does it mean for the future? we talked about the government, but does it mean we will have more of these kinds of disposals? the u.k. owned quite a lot of other banking stock as well. i think it is a good step for the government and a good step for you and me. we own these portions of the bank stocks. i think it is a step forward in that respect. us as retaildo for investors? we want to see the dividend resta

. >> and rupert murdoch's sons just got promoted within his empire.ack lan has been named as nonexecutive chairman. croon cran, that is basically, it seals like the succession. these are the two brothers, sons. >> lachlan is the oldest brother along with james. they have two very different parts. rupe ert is 83 years of -- rupert is 83 years of age. lachlan had a long history with news corp.. didn't get along with a couple of the boys. he comes back in as a nonexecutive co-chair at 21st century fox and news corp. james comes in as co-chief operating officer. side by side with chase carey. no new role for elizabeth. i'm just reading from the news release if the father. he talks about realizing lachlan's entrepreneurial leadership. this is about bringing the children back to table. >> elizabeth is actually very successful in her own right. she has her own media hub. >> she is very much a success. if we look at lachlan, most of the company is written about him. he departed in twen. did he have difficulty with the fox news boss, with the new york post, bu

the fourth is richard murdoch, who was a solid candidates. the senator was not helpful in his campaign. we never could heal those wounds in indiana. i don't think anyone could say richard murdoch was not a good candidate. this campaign got undermined and had one bad thing to say. tea party candidates are pretty strong. host: let's go to alan in arizona, you're on with sal good created caller: morning and thank you for c-span. i want to let you know that at our tea party meetings we had 178 people with standing room only. the tea party -- the tea party is for many things. you take a look at this economy and everybody says they want to get jobs. the number one thing i would like to see for the republican party is to have a theme, and that is lower the cost of living for every american. the it starts with energy. get energy below $39 per barrel, we win. we outcompete every nation in the world when it comes to energy. that brings jobs back to the united states, manufacturing, you actually lower the cost of being able to do business. if i want to

and so when he came to 1996 and he started the network for rupert murdoch he brought all of that culture that the dna of the campaign and by writing about how he structured it like a political campaign. there is a group of executives that some of the most senior teams that called themselves the g8 and that is a reference to the g. six that was a group of advisers that worked for george h. w. bush in 1988. so you see these little phrases and sayings that come from the culture of the political campaigns that have that occur at fox that more than that the way the network operates is on the structure of the political campaign. it starts in the meeting from everyone marches in lockstep and there is a sense of mission and purpose that flows from the top and you see all those attributes that come out of the political world. >>> i do recognize that islam is obeah exists. it explains the rational fear and therefore some of the negative attitude towards the community. i am against it it is a part of the xenophobia. it's nothing than xenophobia versus one group or any other foreign phobia, but the

that's not the only thing murdoch is weighing in on.so on the case of the missing malaysia airlines flight, tweeting in light of the missing plane, "u.s. and china should be working more closely on muslim extremist threat." "maybe no crash, effectively hidden in northern pakistan like bin laden." with twitter being the wonderful democratic medium it is, many ordinary joes responded directly to the mogul. including famed pour me coffee, who tweeted, "i'm just spitballing here, do you think the u.s. might have assets monitoring pakistan air space?" i have to agree. they probably do. >>> up next, we have people, actual pilots much more qualified than billionaire megalomaniacs to talk about what might have happened to this plane. >>> in the mystery of missing malaysia airlines 370, the thought, i think that's lurking in the back of everyone's mind, the sliver of hope families of those onboard, is the plane landed somewhere. those people somewhere someway are walking the earth, they're somewhere. for that to be the case, something miraculous

that's not the only thing murdoch is weighing in on.ing malaysia airlines flight tweeting in light of the missing plane, "u.s. and china should be working more closely on muslim extremist threat." "maybe no crash, effectively hidden in northern pakistan like bin laden." with twitter being the wonderful democratic medium it is, many ordinary joes responded directly to the mogul. including famed pour me coffee who tweeted, "i'm just spitbaffling here, do you think the u.s. might have assets monitoring pakistan air snas" i have to agree. they probably do. >>> up next, we have people, actual pilots much more qualified than billionaire megalomaniacs to talk about what might have happened to this plane. [ male announcer ] this is kevin. to prove to you that aleve is the better choice for him he's agreed to give it up. that's today? [ male announcer ] we'll be with him all day as he goes back to taking tylenol. i was okay, but after lunch my knee started to hurt again. and now i've got to take more pills. ♪ ♪ yup. another pill stop. can i get

emily is here with more on what it means for the future of the murdoch media empire.? nonexecutive cochairman? that mean, exactly? it means he is keeping it all in the family. a family run business. he has always wanted to get them more involved in the business. that the worthy aspect of it is that laughlin left the company a few years ago. he had a falling out with his dad. finally he convinced him to come back in a more specified, more defined role. he is back in contention to potentially run the company one day. >> the other son? >> he is also in contention as well. you know, there is a bit of king lear going on. >> like i said, it is not easy to be one of his sons. interesting that he is still keeping the family intact. that it will be his family members that succeed him. >> and he has said that publicly. he has always wanted his children to succeed him and he has always been patriarchal he focused. left out of this right now is his daughter, elizabeth. he actually has four daughters. apparently, from what sources tell us, she is the most like rupert himself in te

murdoch, laying out a succession plan.re has put his sons at the top spots of his global media empire. lots of people working beside sonfather, the younger james has been named co-coo of 20th century fox. the brothers were already directors of both companies. each team banking on a new phone to increase profits. that htc hopeses will pull in other early adapters. hoping to avoid the problems that plagued previous models. target will be grilled on the hacking scandal earlier today. the retailer will be performing -- will be introduced before a senate committee responding to the data breaches over the holidays. that is today's company news. and of course, the big company news. wax shock and awe over facebook. the reality is 400 million in cash, technology companies assigned to acquire the brain company of these -- the brainpower of these tech companies. this is a wonderful book, "the facebook effect." mr. kirkpatrick, good morning. this a reality, is consumer product? >> it is not a consumer product yet, which is one of the

patrick's day, but billionaire media mogul rupert murdoch is raining on the parade, literally.e wants to boycott guinness, ireland's most popular beer, on st. patrick's day. on sunday, the famed beer company announced its decision not to participate in new york's parade, because organizers of the event bar gay and lesbian groups from marching openly. quote, guinness has a strong history of supporting diversity and being an advocate for equality for all. we were hopeful that the policy of seclusion would be reversed for this year's parade. as this has not come to pass, guinness has withdrawn its participation. but their decision, in solidarity with new york's lbgt community, didn't sit well with murdoch, who tweeted his outrage earlier today. quote, where will this end? guinness pulls out of a religious parade, bullied by gay organizations, who tried to take it over. hope all irish boycott this stuff. yeah, good luck with that. finally, a republican lawmaker is taking a stand for discrimination in his home state of south dakota. state senator phil jensen is still defending a bil

media tycoon rupert murdoch shared his understanding of the story via twitter.elieves jihad terrorists are behind it. there has been no evidence to prove that is the case. some public figures have come under fire for making light of the situation. actor jason biggs, who plays the pie"in the "american movies, posted a joke to twitter making reference to the aircraft, and he got a pretty hostile reception from social networkers. web users from pakistan have been posting for justice for amina following her death. 'se victim of gang rape attacker was freed by police. human rights commission of pakistan voiced similar sentiments in a statement, is concerned that the case will dissuade other women from reporting a sexual attack. the organization is urging the government to take concrete measures to provide better protection for rape victims. the pakistan supreme court has reopened the inquiry into the rape case on its own initiative. the legal process by -- whereby the court asked without one of the parties of the case asking them to do so. web users have been posting

it's not okay for rupert murdoch, the head of one of the most powerful media empires in the world to tweet "world seems transfixed by 777 disappearance. maybe no crash, but stolen. effectively hidden perhaps in northern pakistan like bin laden." it's not okay to put someone on your air who says this. >> there now appears to be evidence that there was a direct course through india, flying in a shadow of a singapore flight 68. that hasn't been verified. the only thing that i have seen that is starting to become verified is a report that from boeing saying that they believe the airplane was in pakistan. >> you've spoken to a number of people, am i correct? >> yes, but that's all i want to say, sean, please. my concern is if this airplane could be used as a weapon of mass destruction or even conventional munitions that could attack a carrier, the israelis, other allies, american forces, for instance. i think we're going to see in the next 24 to 48 hours that the malaysian government may break it. the pakistani government isn't saying anything, and why should they? because it means they'r

murdoch tweeted sunday that the "crash confirms jihadists turning to make trouble for china." today the "new york post," a paper, trumpeted the iran link to the missing flight on its cover, pointing to the stolen passports. but malaysian authorities said today the iranians were unlikely to have been involved in any kind of terrorist plot. >> we have now learned from the malaysian police authorities that one of the holders of these stolen passports was a 19-year-old iranian man and they have named him as pouri nour mohammadi. they ruled him out as a terrorist suspect. what he was trying to do was ultimately get to frankfurt, germany, probably to migrate to the country. the other extraordinary twist in the story, his mother was waiting for him there. she's cooperating and helping the police there with inquiries. >> joining me now, someone familiar with the challenges, maria mcfarland sanchez-moreno for human rights watch. there's a kind of small tragedy embedded in the larger tragedy which is the fact it appears this young man was attempting to reunite with his mother in frankfu

maybe people are intimidated by the powerful ales and his boss rupert murdoch. a few have tried and failed and recently glen beck has shown some success expending his on-line network the blaze but even that is not currently rated by kneelsen. maybe there is someone who has a shot at doing this. the founder of the conservative website news max, christopher ruddy, says he's ready to take on fox. i hope he has a helmet and body armor. he said he's launching news max tv in june and joins me now. thanks for joining me. >> brian, great to be on with you. >> tell us what your plans are? what is it that you're hoping to do with news max tv? >> well, perhaps saying that we are taking on fox might be a bit of an overstatement. i think news max wants to evolve its current internet business and join the world of tv everywhere. news max in many ways is bigger than fox news on-line. com score which rates the 60 million people that read news polit politics, typically has us one, two or three. we had 11.5 million unique visitors last month. we were ahead of fox news for politic

challenges of the midterm election, some of the polling data you are receiving -- we hope that a richard murdoch shows up? >> we are not basing the outcome. we didn't win on hail marys. we won because we built a data and technological advantage that we are maintaining through our project iv. focusing not just on voter protection, but focusing on voter expansion. we are making sure we register voters. get them turned out to vote. making sure that every vote counts. we are working on pushing hard back against the republicans. allow grassroots volunteers to fight back at the local level on republican attacks and lies. if you look at last year, the november election, in the general election, there was a big question mark in virginia about whether democrats would replicate our ground game. i think the governor would say we were effective at doing that. that was the as we had a partnership and well coordinated effort from the dnc to the dga and state party. to give you some nitty-gritty, we have trained more than a thousand staffers through our partnership. we are not talking about sensitivity trainin

illuminating twitter feed on all the internet belongs to keith rupert murdoch.powerful media empires finally has a venn withdrew to express himself, to share his thoughts on politics like the rest of the civilians who don't have broadcast avenues to push their agenda and line. he blasted guinness for its decision to withdraw sponsorship from today's parade. over the fact that in the year 2014, no gay irish group is allowed to identify and march in the parade as a gay irish group. none. you can get gay married in iowa but cannot walk down 5th avenue in new york city holding a rainbow flag and shamrock. he's also on the case of the missing la layer sha airlines flight tweeting in light of the missing plane "u.s. and china should be working more closely on muslim em teextremist threat" maybe no crash, effectively hidden in northern pakistan like bin laden. with twitter being the wonderful democratic medium it is, many ordinary joes responded districtly district ly directly to the mogul, i'm just spit balling here, do you think the u.s. might have assets monitoring

republicans had serious people like sharon angle and richard murdoch and a stick of butter with googly nevertheless, good man, nevertheless, this year the gop has stepped up its game with even credibler candidates like iowa's joanierness who is running on a platform everyone can get behind. >> i grew up castrating hogs on an iowa farm. >> sold! joany, you had me at castration. >> i like that. >> six words in and she brings up castration. >> she's a serious lady. i wouldn't want to mess with her. >> she's a rising star. either in politic or on snl because i see a skit coming. >> have you ever castrated a cow or calf? i actually have in north dakota. it's really tough. it scarred me. >> i'm scarred now. >> on a ranch. any way. >> okay. >> maybe a little too much. tmi. >> tmi. any way, coming up, "morning joe" just moments away. weird, huh? what if you could shrink your pores just by washing your face? [ female announcer ] neutrogena® pore refining cleanser. alpha-hydroxy and exfoliating beads work to clean and tighten pores so they can look half their size. pores...shrink 'em down to siz

and rupert murdoch turns 83. we want you to keep it right here for more news, weather and sports.k you for watching "early today." have a good one. >>> new details released about the malaysian airline jet that disappeared four days ago. we'll have the latest developments in a live report. write. waublging on a campus. this is "today in the bay." >> good morning to you. happy tuesday. 4:30. i'm scott mcgrew.

and rupert murdoch will celebrate his 83rd birthday.ars old. retail sales are due. and friday, consumer price index out for february. that's the show. i'm becky quick. thank you for joining us. my guest next week, businessman, jack welch on the economy, markets and state of am can buo american business. each week keep it here, we're "on the money." and i will see you next weekend! [ yodeling plays ] worst morning ever. [ angelic music plays ] ♪ toaster strudel! best morning ever! [ hans ] warm, flaky, gooey. toaster strudel! ♪ [ male announcer ] don't wait for awesome... totino's pizza rolls gets you there in just 60 seconds. ♪ ♪ >>> you're watching an nbc bay area news special. tonight "class action". >> we are coming to class watching youtube videos or coloring. >> a student at the center of a lawsuit speaks out about a teacher not doing her job. >> coloring in eighth grade. it's ridiculous. >> the high-profile trial over job protections for teachers. >> the issue is not how do we get rid of bad teachers. the issue isc0Ñ how do we get

and rupert murdoch will celebrate his 83rd birthday.ay, the worldwide web, turns 25 years old. retail sales are due. and friday, consumer price index out for february. that's the show. i'm becky quick. thank you for joining us. my guest next week, businessman, jack welch on the economy, markets and state of am can buo american business. each week keep it here, we're "on the money." and i will see you next weekend! >> paula patton first public appearance since split from robin thicke. casper out of j.lo shadow and paparrazi targeting celebrity children. heated debate hits our stage. hi everybody. welcome to "access hollywood". weekend edition i'm shaun robinson and we start with the confrontation between 2 stars and a paparrazi photo agency. dak and kristen leading the charge against paparrazi taking unauthorized photo of the children of stars. they are very passionate about the cause and took on 2 men about the opposing view. all went down with billy app kit. >> on the street and i'm telling you as a mom when i'm

. >> it was said to you and rupert murdoch celebrated by having a beer in brooklyn.t -- >> no. what happened was we were discussing some form of deal and we were at his offices. talked for ad we bit. i said he should come see the shop. and we out to brooklyn went to my favorite bar and had a drink. us andlot of people saw he tweeted and that started a whole rumor. unrelated to that the deal took a life of its own and later on we ended up doing this deal around five percent ownership. >> a lot of people worry about -- people wonder about the corporate and game. do you want to sell this business? i assume you don't based on what you have said in the past. would you consider going public? is that something that would interest you? >> i think we have to look at everything now. it is a great question. one of the reasons we did the to stay independent. business way we want it to run. i own 95% of the board. it was a great deal for us. it is helping us expand into the world. we are expanding into india, to europe, south america. that being said i think you have to look at t

thethe news outlet won backing of rupert murdoch. the pros and cons of building sports stadiums.e hear both sides of the argument, coming up in sports. ♪ -- of the stadium debate. if you build it, will they come? stadiums can cost taxpayers millions of dollars or billions of dollars, like the jetblue part in florida, where the red sox have their spring training. some argue it is worth the business and it attracts. phil from the university of south florida says it is not. he spoke with mike mckee. >> we have never found that spring training has to do with the amount of spending that goes on in any location. we see teams moving around and you can look at a county and see whether or not the team comes to the county, do their sales go up. the team leaves the county, do their sales go down? we have never found real evidence. even if the claims of all these people are true, the amount of tax revenue generated by the spending that the state claims is not enough to cover the operation and maintenance costs of a stadium. >> do we go from here to additional sports palaces? are the american

first the headlines, rupert murdoch is putting his son to succeed him as the head of his media empire. ashas named his oldest son the nonexecutive chairman of news corp. and 21st century fox. embroiledr son james, in the phone hacking scandal, will become co-chief operating officer. twitter has filed in turkey to have the six-day ban lifted. of refusingaccused to comply with court orders to remove posts about government corruption. twitter said it never received those orders. it is a war of words between michael arrington and google. he is certain google accessed his gmail account after he broke a major story on the company a few years ago. who will denies the allegation. "we have never done this and it is hard to imagine circumstances where we would investigate a leak in that way." sure is a crushed down about 10%. crushed downcandy about 10%. >> is jpmorgan the lead underwriter on this deal weak and not able to support the price of the market? we did talk to the ceo of .ing digital he commented on the price this morning. take a listen. >> my focus is not on the price. is long-termyn

you and rupert murdoch had a beer in brooklyn? >> no.ened is we were discussing some form of deal. we were at his offices and he came in and we talked for a bit. i said you should come to the shop. he said let's go now. he came out to brooklyn. we went to my favorite bar, we had a drink. us and heeople saw tweeted and that started a rumor. unrelated to that, the deal took a life of its own. we ended up doing this deal at around five percent. withn erlichman speaking shaun smith of fisa media. that does it for this edition. you can watch us but if your friday at 1:00 eastern. it we will see you next week. ♪ >> the following is a paid program. brought to you by provita life sciences. >>

--is said that you and wrote rupert murdoch celebrated by having a beer in brooklyn. >> no.ened is that we were discussing some form of deal and we were at his office and he came in and we talked for a bit. i said, you should see the shop. he said, let's go now. he came out to brooklyn and we went to my favorite bar and we had a drink. a lot of people saw us and he tweeted and that started a whole rumor on a lot of things. that, the deal sort of took a life of its own and then we ended up doing this deal at around a five percent stake. >> a lot of people wonder about the corporate endgame. you want to sell this business? i assume you don't based on what you said in the past or would you consider something like going public? >> we have to look at everything now. it is a great question. one of the reasons why we did the fox deal -- people always ask that. we did it to stay independent. we could run the business the way we want it to run. i own 95% of the board. it was a great deal for us and it is helping us expand into india, europe, etc. however, i think you have to look at

you and rupert murdoch had a beer in brooklyn? >> no.ed is we were discussing some form of deal. we were at his offices and he came in and we talked for a bit. i said you should come to the shop. he said let's go now. he came out to brooklyn. we went to my favorite bar, we had a drink. a lot of people saw us and he tweeted and that started a rumor. unrelated to that, the deal took a life of its own. we ended up doing this deal at around five percent. >> jon erlichman speaking with shaun smith of vice media. that does it for this edition. you can watch us every friday at 1:00 eastern. we will see you next week. ♪ . . >> it is a contest of skill and luck. where reading your opponents and the odds are the key to victory. and it is a game every banker, broker, and trader wants to master. >> go big or go home. >> poker is wall street's newest obsession. the parallels between smart investing strategy and killer poker moves can't be denied. >> you injured the dragon. >> tonight we're upping the ante and in this group of heavyweights. they're pl

you and rupert murdoch had a beer in brooklyn? >> no.ened is we were discussing some form of deal. we were at his offices and he came in and we talked for a bit. i said you should come to the shop. he said let's go now. he came out to brooklyn. we went to my favorite bar, we had a drink. a lot of people saw us and he tweeted and that started a rumor. unrelated to that, the deal took a life of its own. we ended up doing this deal at around five percent. >> jon erlichman speaking with shaun smith of vice media. that does it for this edition. you can watch us every friday at 1:00 eastern. we will see you next week. ♪ >> pursuits. for some, they are more than hobbies. they are passions cultivated over a lifetime. >> we are trying to tackle the problems of what is going on in the oceans. with wealth comes gigantic responsibility. >> meet the financial elite who don't just own luxury. they have mastered it. >> the picasso market. >> it has outpaced the stock market. >> it is as blue chip at any stock could possibly be. >> get an inside look. >

as many as eight albums have them located and hundreds remain hasing or -- rupert murdoch laid out hisssion plan. his son who left the father's namedy nine years ago was as nonexecutive cochairman of news corp. and 21st century fox will stop his younger brother james will become co-ceo of 21st century fox. that is a look at the top stories in the news at this hour. in washington, lawmakers are taking another look at the data breach at target. 40 million credit card numbers were compromised last year. the hearing is the first since the company admitted to learning of suspicious activity a month earlier than let on. this after a report from bloomberg with -- bloomberg business week ignored warnings from his hacker detection tools. what have we heard so far? >> apologies on behalf of of target. john mulligan, the chain's cfo admitted to lawmakers that target had clues about the attacks we are responding and is trying to figure out why it took so long to react. he said target is asking hard questions. we are focused on what information we had that could have alerted us to the preacher earl

what quality of mind is it that has served you best, people like rupert murdoch has a curiosity.gates, warren buffett have said -- what quality of mind as i leave the audience has enabled you to think about the future and at the same time, change the present? >> the most important thing, i looked at a lot of companies. why they do not succeed over time is what do they fundamentally do wrong? what do they all do wrong? usually not looking to the future. and i think for me, i try to focus on that and say, what is that future really going to be and how do we create it? and how do cause our organization to really focus on that and drive that? curiosity, looking at things people may not look at and working on things no one else is working on. that is where it is. and being willing to do that and take that risk. looking at android, i felt guilty. when it was started, it was a little start up we bought. not really what we were working on. i felt guilty about spending time on that. how stupid. >> it is great to see you here and here from you and a pleasure. thank you, larry. [applause] ♪

according to rupert murdoch, perhaps it the stolen and hidden, perhaps in pakistan like bid laden. a direction other than pakistan or elves, changing the mind of conspiracy theorists is often hard to do, as with the birthers who deny president obama's citizenship or the truthers who perpetuate the theories the united states orchestrated the attack on september 11th. these theories are usually resistant to correction. as written in "conspiracy theories and other dangerous ideas," conspiracy theorists believe that the agents of the conspiracy have unusual powers. joining me is the man himself, cass sunstein. am i to believe it's you or is it just a hollwho wil hologram to you? >> well, it's me but of course i would say that. >> you are hitting the cultural nail on the head as we talk about what happened to this plane. all these insane series have been out there. i guess in your book you write about just how hard it is to debunk conspiracy theories because those who believe in them, and i will quote you, "are unlikely to give respectful attention to the debunkers who may be agents or

. >> rupert murdoch has tweeted. former u.s.fficial has tweeted about whether the plane is taking off to hit a city in india. >> i think everyone has a best. all the sovereign nations have a vested interest in finding out what has happened to this plane. in this digital inge where we are tracked every minute of the day that something the size of a boeing 777 200 can go missing. it is easier to go missing over deep waters. that is the harsh reality of this. for it to go missing over land for long is very hard. >> so it would be picked up by somebody, the spy satellites. someone would pick it up. >> more likely, the national air defense radars of the countries that it has gone over. they have hinted it would be difficult for it to enter into their territory and pass over place like pakistan without being detected. to go missing over the ocean, that's possible. >> i know you can't speculate. is anyone giving you any guidance at all as to why anyone would want to do this? >> absolutely none. i have spoken to a number of agencies on

here's reaction from fox news contributor deroy murdoch. >> i think he's turned himself into the george wallace of the 21st century. he's standing in the school house door the same way gorgeous wallace did in the 1960s. he said he's standing up for blacks and hispanics, and he's denying them the chance to get ahead in this society. >> de blasio is standing firm. he defended his decision once again this morning. >> i have never been against charter cools. i have to worry about 1.1 million students a year. i care about them. for the 95% of kids in traditional public schools, that's my first obligation. >> but it's not just talking heads who are arguing about this. i wanted to play this clip from a mom and daughter courtesy of the new york daily news. take a look. >> kids are outperforming a lot of schools in the state, and it would be a huge mistake if we pulled the schools that are working for our children. >> i'm pretty sure a great education got mayor de blasio to become a mayor, and i want my chance so i can succeed. >> pretty powerful testimony from parents and kimberly, you said you

rupert murdoch your boss tweeted "world seems transfixed by flight 370's disappearance."can you rule that out? i know you can't rule out anything. but is it beyond the realms of reality this plane has simply been taken off perhaps to somewhere like pakistan and has just been hidden for whatever reason? >> well, we don't know. at this point we're just going by the reporting that we're doing and the factual information that we can gather and put together in a way that provide a bit of context for understanding the situation. and also what may have unfolded here. to say it went somewhere specific is certainly within a realm of possibility, but there are again a number of things that are within a realm of possibilities. there's been an enormous amount of speculation this week. what i found in my reporting along with andy pastor is that this story has evolved so quickly and so suddenly that one conception we may have had in one day about our expectation about what has unfolded here has been transformed considerably. so i think in a lot of respects there's a lot of patience tha