this is what oculus is making. you can put gloves on.nly are you seeing in virtual reality, you are able to move things, touch things. you can be actually picking up a gun, shooting. this is what the oculus touch is promising. francine: so what is the thinking for microsoft? is this positive? caroline: i think it is. they win no matter what happens. it has been interesting trying to figure out the winner for virtual reality. you have samsung teaming up with oculus, using its technology where you put a samsung phone in your headset. many have been trying to work out who is the winner. microsoft has perhaps a bit of a stepping stone on sony. they've got augmented reality. they've got virtual reality. even if virtual reality doesn't take off in the way they think it will, it is not quite so exposed. they can jump on the bandwagon. francine: interesting. caroline hyde with the latest on this oculus rift. first now in may 2016. for more tech news, join us on bloomberg starting on monday. we will have complete coverage of london tech week. tha

it comes the same day as facebook's oculus holds a press event.et set to go on sale in the first quarter of 2016. we got a sense of this a couple of weeks ago at code. did you try it on? >> i did. >> it's amazing, it's not like you put the oculus rift headset on, the new one and you feel like it's relife. but you feel like you're in a virtual world. >> for example, you were asked to put it on and what you saw was if as you were about to step off the ledge of a building. >> yes, and i would not step off. >> you would not step forward. >> because it felt like i was going to fall. i mean i tried -- >> the rest of us are shaking our heads. >> just couldn't get myself -- >> but you know what's amazing, you look at the news on this company in the past 24 hours, they're going to have oculus out for $1500 in q 1, which is the future. the far future. at the same time, they launched the buy button, which is performing unbelievably well with shop fi, they've got direct response in a way that twitter can't get direct response together. they've got their video

oculus will start to ship its consumer version of the headset in 2016. the device lets people immerse themselves in games or experiences. now let's look at what is still to come on "the pulse." at 9:35, we will hear from the mexican president.

it is important for oculus to create a world for games.carlet: what is the difference between a virtual reality and augmented reality? david: virtual reality is what you put over your eyes and you can't see anything else and you are actually where you are, but augmented reality allows you to see the world around you and impose upon it virtual elements so you can interact with virtual things that don't interfere with your ability to also be in real space. investors like fertile reality, it is hot for them. why is it taking so long for the payoff? david: it is not taking that long for the payoff. this is a huge transition for the technology industry and the entertainment industry, and we are saying very rapid -- seen very rapid developments. , for example, magic leap, which is oculus's quasi-competitors. they have not even announce what they are doing with it yet. in some sense, investors have to be patient, but when the payoff comes, it is going to be really big. i think facebook will make quite a bit of money in gaming before they start us

we will learn all about virtual reality from the oculus chief of staff.nsumers will start living in the new dimension. we will find out. stay with us for all they complete coverage of the federal reserve's 2:00 p.m. decision on interest rates. we will bring you the decision life as it happens along with market reaction and analysis. now let us stay on the federal reserve a moment and a preview of today's decision and news conference. earlier ricardo spoke today with olivia sterns at erik schatzker about the odds of a policy change today. >> no way. >> highly unlikely. >> so then what is going to change if anything? >> janet yellen statement will be the most interesting piece of news. the issue will be how much detail shoelace out for the fall. she has been talking about a rate increase in the fall. will she get more specific? >> the rate increase will come so we are trying to figure out if it will come in september or not. what i'm exciting to learn today is how will she weigh in with the inflation integrations and employment considerations. erik: what ab

that was mar lou jepsen, head of technology at facebook and oculus. great story.will see you back your tomorrow. ♪ ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. announcer: from our studios in new york city, this is "charlie rose." charlie: mr. president, it is a pleasure to be in your city, where you started your political career. role in plays in its future, military, and the possibility given a big role. there are problems that only can be solved you participate and you will play a role in that. help us understand, as you see

this is what happens when accountants meet oculus. >> i like the 55% complete. >> i'm having my taxesh for coming in today. >> thanks, john. h & r block wants to completely revamp its customer experience, rather than spend a lot of money doing it in reality. it's testing it in virtual reality what do you think of it? >> cool. >> block is the latest company trying to figure out if virtual reality or vr can be used as a business tool. fidelity has a vr program that lets you turn your stocks into a city. >> and the height of the building represents the price. >> it's easier to experiment with vr as the cost has come down. lieberman research worldwide is running the h & r block program, it used to spend $40,000 per headset. now it buys them from oculus for $300. >> next year you're something going to see an arms race with headsets, there's six to ten different headset manufacturers that have announced projects. >> block is exploring a new office layout with more privacy and a big screen so customers can follow the tax process. >> and virtual reality lets you bring together all the moving

the oculus wrist test goggles are just $300. that has finally put virtual reality within reach of very small teams like santa clara university engineering undergrads paul thurston and bryce mariano. their big year-end project had to have a so-called social benefit something that l help others. for these future video game designers, treating fear of heights with virtual reality was a no-brainer. >> you could very easily put this camera on the moon,. you can put it underwater. you can do pretty much anything with it. >> reporter: kieran sullivan is one of the faculty advisers who suggested the students add a feature where a therapist could adjust the height in real time. >> so they can just choose what height to set on the buildings. >> reporter: sullivan says a powerful and affordable therapy like virtual reality could change a lot of lives. >> so having equipment that you can keep right in your office, where you can expose them to the feared object or situation, but not have to go anywhere to do it, i think could be really excit

>> i certainly don't think it hurts at all to have oculus along for the ride. he think there's virtual reality, there is something to it. whether it's creepy or not is for everyone to decide. you've got instagram, the buy button and you've got this competition online with youtube. they've done such a great job with video. i think there's a lot of different reasons and technically stayed it feels like facebook finally started to break out to the up side. in the weekly options three times what was the open interest on the 84 strike calls were purchased today. that tells me a lot about people right now think that even in the short term oculus -- gene was talking long term. in the short term people think this stock is ready to break out to the up side. i bought those calls as well. >> anybody else agree with that? >> i was surprised the street isn't further behind this whole trade. facebook has been going sideways since march effectively since it made its highs, but what's app, messenger, instagram, these are things that are all being monetized. the video ads are m

every oculus rift is going to come bundled with an xbox controller.t's ceo wants a piece of this market. remember gramaming is a $100 billion a year industry, according to gartner. it is not just gaming. the reason so many tech giants want a piece of this market whether sony samsung, gopro, the affect virtual reality could have on a variety of industries. the oculus goes on sale in the first quarter of next year. >> the leading virtual reality product just to confirm is an actual product. >> it is an actual product, brian. i'm excited for you to try that in the first quarter of 2016. see what you think. >> it is actual virtual reality. my mind is burning. josh, thank you very much buddy. great stuff. >>> meantime on a more serious note a massive manhunt now entering its sixth day for two killers who escaped from a maximum security prison in upstate new york. eric you've been looking at prison breaks by numbers because this is a big one. these guys are dangerous and it's made big headlines. but what's terrifying is that prison breaks, while down are st

based it on the ownership of the oculus rift.e says he expects a shift toward virtual reality in the next 10 years. -- ifn the move, netflix we can bring that up, up 2.9%, above its record closing after a massive adjustment to its price target, raising it from $600 to $950. the firm's analysts believe they can go beyond 50 million domestic subscriptions. and it is monday and that means some m&a action. today is no exception. sequential brands says it will buy martha stewart living. not much movement today, but the stock is at highs not seen since 2006. it looks like investors are locking in gains from last week. the stock popped 38% after the merger news hit. m&a, a home properties deal worth $7.6 billion -- lone for the deal, giving it an equity value of point -- of $4.36 billion. scarlet: thank you so much. june 30 isn't just an important deadline for greece. it's also the deadline for iran and world powers to make a nuclear deal. officials are hinting the talks may go longer than expected. ian bremmer is still with us. we forg

a shift virtual reality in the next 10 years, which facebook is well covered because it owns the oculusift. netflix is touching above its acord closing high after monster adjustment to its price target, from $600 to $950. well above the current share price. the reason is netflix can go far beyond the 50 million domestic subscriptions it has. timing into my bloomberg terminal, we can see the rise in those subscriptions over four years, since the fourth quarter of 2011. subscriptions have risen 93% through the end of last year. a mastic.st netflix plans to expand around the world, including japan, italy, portugal, even cuba this year. netflix could hit about 240 million people by 2020. all of this up and up, one loser, semantic. ubs about 1.5% after downgraded the stock to a cell and cut his price target down to $22 a share. the easy money has been made in cyber security stocks. shares are suffering the worst two-day drop, around $23.69. mark: netflix, house of cards, house of money. betty: there you go. looking at the top stories, russia says the european union is only hurting itself. fo

they will be talking about oculus teaming up with microsoft.bloomberg tv will speak to a member of the saudi royal family. do not miss that interview. as we head to the break, here's a picture of the markets. the ftse 100 down by 0.4%. the dax off by 48 points. have a quick look at the bond markets. yields a little higher on the spanish 10-year. a shout out to someone on twitter. let me get his name for you -- got that open guess that on. ♪ francine: costolo quits. twitter's ceo steps down. founder jack dorsey relinquishes his role. no more time for gambling. the eu president warns greece that the game is almost up. and, virtual reality is set to become household reality as facebook and microsoft team up to bring the oculus rift to the xbox. welcome to "the pulse

joined by the ceo of oculus.3 is talking about virtual reality, but this year we're also hearing about a ton of rivals. other companies in the vr space whether it's sony morpheus or htc's v, what distinguishes oculus and how you can compete in an increasingly crowded field? >> everybody is a pioneer field and there's so much exploration going on in just figuring out how to make it really work how to deliver a comfortable experience and a sense of presence that you're really there, and we love to see what everybody else is doing and it really validates the market really proves that the market is real. it is going to work. people are showing up with some great experiences and a lot of people are innovating out there and we're doing the west we can to continue to pioneer and the only company with a soul focus and mission of delivering the best possible. >> you have the headset here. can you tell us when it's going on sale and how much it will cost? >> we haven't announced the final price or consumer date. it will sh

have been dreaming of this we've all been dreaming about this for decades and this is finally here oculusoing to deliver the magic of presents the feeling of acts the being they're really truly believing that your there and your brain slip--ft script is the powerful you build to slip on a pair of avocados and build the teleport to different world for the first time will finally be inside of the game this is oculus touch these are going to sit bircher reality gaming to the next level. >>: the sense of feeling as though your virtual hands are actually your real hands it to play games with the rift with these wireless hand controllers that you feel the virtual world or you can use the free x box 360 controller that will come with the gaming system and does not check your eyes also to cheers of the rift had said will have built-in high quality in from timber seen the virtual reality to his head will be for a gaming efforts will come down on the market but after that offer new ways to watch movies since tv shows and developing a social media aspect there was no price they give for the rest or

david: facebook unveiling the new oculus rift. three years after a prototype made its debut. go on sale early next year. no word on a price. oculus said when paired with all the pc needed to run the headset, it will sell for about 1500 bucks. we'll see it if sells. coming up, what the 100-year-old woman says is the secret to living a long life. you're not going to believe it. you may be very happy about it, by the way. that's next. ♪ this allergy season, will you be a sound sleeper, or a mouth breather. well, put on a breathe right strip and instantly open your nose up to 38% more than allergy medicines alone. so you can breathe and sleep. shut your mouth and sleep right. breathe right. if legalzoom has your back.s, over the last 10 years we've helped one million business owners get started. visit legalzoom today for the legal help you need to start and run your business. legalzoom. legal help is here. >> we have a breaking update on the search for the two escaped convicts. a local sheriff saying he's been told the prison worker joyce mitchell is set to be arrested and arraig

we are joined by an expert of visual displays and who is the head of display at facebook and oculus. tells bloomberg about her first line of code. >> what excites me about the future of technology question mark i'm really excited about getting rid of the devices and just communicating directly with human thought alone. i've done some work in this area and i think it's actually closer than many people believe it is. my name is mary lee jackson. i really known for -- mary lou jepsen. i'm really know for my hardware design, but i'm probably best known for architecting the $100 laptop. my first computer was an apple when i wast came out about 14 years old. but your smart phone is more powerful than that computer by far. but it was so cool, because you could actually slide the cover off and figure it out by breaking stuff and putting it back together again. very expensive. i really wasn't supposed to be catching it. but you know, sometimes they weren't around. code wasline of hacking a version of pong and changing the balls to smiley faces. happen, i wast to so excited. i had no idea i co

emily: you didn't mention virtual-reality pre-begot details on oculus. what about virtual reality?st: it is going to be a benefit in vertical markets. otherwise, i think for a consumer product it is overrated. emily: last quick question, you are moving to santa barbara. you think it is the new silicon valley. guest: one of the many places that would like to be the next silicon valley. i have been in silicon valley a long time and i see in santa barbara a lot of what i saw in silicon valley when i first got here. there's a federalist university. great program is pretty great place to live. what i do now is i help other ceos avoid mistakes that i have made in my career. emily: we will be watching. you will have to give us updates from the beach. thank you for joining us. happy friday to you. happy friday everyone pre-tgif. that does it for this edition of bloomberg west. we will continue the conversation monday with the makers of fallout 4. have a great weekend. ♪ mark: i'm mark halperin. john: and i'm john hailemann. and with all due respect it is time to get yourself an abacus boys

facebook has oculus, sony has orphius. >> what hollowlands does for microsoft, appearing like at hol holo grams. ,. >> big corporations that dominate and rake in $93 billion a year, bigger than movie and music businesses combined. rob reynolds, al jazeera, los angeles. >> you can always check out our website, aljazeera.com. "america tonight"s sheila macvicar with a world leader on climate change, and her cautious about the coming storm. >> it is cyclones beyond belief, it is cities, miami, other cities going under, under water. house of screams. the torture that took place inside a chicago police station. "america tonight"s lisa fletcher

. >> our comments today were about oculus. understanding how year behavior is changing. they do a good job making those ads effective and relevant. in terms of user behavior nobody is doing it better than facebook and understanding how people's communications evolving. >> i was really impressed when wall street put pressure on zuckerberg to come up with a way to more effectively monetize facebook and to come up with a better advertising model. i thought perhaps what we would see would be some nod to wall street. it wasn't. it's so well thought out. it's carefully constructed. quantitatively where it counts for an advertiser an immediate roi measurable results, they do a great job. it took me by surprise how good it is. >> i was going to ask whether twitter had any role to play with the success it had with periscope and monetize that and take ad share? if digital video ads are growing, isn't there room for all of them? >> there is dent lit rising tide approach. about 10% of what is advertised on video is done online. there is a

i think what we will see is more detail about oculus specific price points.ndustry trade show e-3, where there will be a lot of focus about virtual reality. so i think they wanted to get ahead of that and then set that expectation up for next week. >> why facebook? why would they want this particular technology? >> well the company from really the position of mark zuckerberg is looking ahead five to ten years, and virtual reality or augmented reality, those are markets developing very quickly. facebook neither to be on the forefront of some of that develop. whether it ends up become -- or whether facebook simply gains some expertise in the market either way they're positioned to be a leader in virtual reality. >> colin, i'm curious about what you this i about the latest efforts on e-commerce, the buy button and the collaboration with shop i fill to use their e-commerce platform. where is facebook new jersey period of test snug. >> e-commerce is increase gill driving, but more so google even facebook. shoppers are discovering products through these application

they are called oculist and they have a product called the oculus rift.re bought out by facebook. it tells you how big the vr revolution is becoming. now rift as you can see in the demo here controls it using your hands as the controller. now they announced this thing on the screen now. this is called the oculus touch and it has a little joystick and a couple out of buttons, they found that people were moving their hands around to try to control things in the virtual world. this is how you can interact with it. next we have a project from microsoft. slightly different, it's not technically virtual reality. it's augmented reality. it's displaying the virtual and you can still see the actual world that you're in in front of you. now they displayed a demo of this using their very popular game mine craft and it was showing how you can actually interact with the 3d worlds of mine craft on a real life table in front of you. so the demonstration -- it's amazing. >> that's nuts. so cool. >> it absolutely is nuts, the 3d world is coming up and emerging from the ta

the oculus wrist test goggles were just $350.s finally put vr within reach of very small teams like engineering undergrads paul thurston and bryce mariano. their big year end project had to have a social benefit. something that would help others. for these future videogame designers, treating fear of heights with virtual reality was a no brainer. >> you can very easily just put this camera on the moon, you can put it under water, you can do pretty much anything with it. >> very exciting. >> reporter: one of the faculty advisers suggested the students add a feature where a therapist could adjust the height in real time. >> so they can just choose what height to set on the buildings. >> reporter: sullivan says a powerful and affordable therapy like vr could change lives. >> so having equipment that you can keep right in your office where you can expose them to the feared object or situation, um, but not have to go anywhere to do it, i think, could be really exciting for treating phobias. >> the end goal would be to have a library o

. >>> oculus officially unveiled its rift virtual reality headset.raps over the user's eyes producing a 3-d environment that initially will be used for gaming but ultimately networking. it comes with a headset and a wireless game controller. and folks in nashville can use uber to hail a helicopter. it's offering uber chopper, a musical service to the musical festival to bonneville and the arts festival. the ride does not include the cost of the ticket. i would love that here to avoid new york city traffic. >> bon a rue. i like country music but i don't know about the helicopter. i'd have to think it through. >> think it through. >>> still to come. lebron james and a rough day at the finals. it wasn't just his chuting. >>> plus how they plan to pay tribute to mister rogers. yoplait! there's something out there. it's a highly contagious disease. it can be especially serious- even fatal to infants. unfortunately, many people who spread it may not know they have it. it's called whooping cough. and the cdc recommends everyone, including those around babie

also, oculus is expected to unveil their new products thursday.ow, we learn about potential inflation down the road. >>> wedding season is upon us, if you are ready to tie the knot, ask yourself how well you know the love of your life when it comes to financial things. joining us, financial correspondent sharon epperson, who also wrote the book "the big payoff" how couples can live richly ever after. >> it is great to see you, financial compatibility is up there ranking in happiness with couples and future. there can be major differences in how partners manage money that can have serious ramifications in relationships and can impact your own financial security. >> before getting married, it's so important to have that conversation of really what your financial goals are. >> don't keep any secrets when it comes to finances. >> you're not thinking about the future, you better hope your spouse is. >> thinking about the future can be key. couples can begin to build a great foundation by talking about their financial dreams and goals and figuring out h

it used to spend $40,000 per headset and now it buys them from oculus for $100. >> and you'll see headsets already there is probably six to ten different headset manufacturers announcing projects. block is exploring a office layout with privacy and a screen so customers can follow the tax process. >> it lets you bring together the piece and the parts and does it in a way it does feel realistic. it feels so real they will talk about the avatars. >> it was just really comfortable. and even if the graphics like kind of hokie, this customer bought into it. >> i felt it was interactive even though i didn't talk back. it felt kind of real. >> to be clear, the v.a. was only used for research and an avatar will not do your taxes, but it is a new way for companies like block to test concepts in virtual reality to move them to reality. >> it was great to meet you and please don't hesitate to call me. >> john looks weird. >> for "nightly business jane wells, los angeles. >> john looks weird? tonight we begin tonight's market boke us. sales of tobacco and candy and health products help expertations. s

gamers have been dreaming of this if we all been dreaming about this for decades it is finally here oculus risk is going to deliver the magic of presence the killing of actually being there really truly believing that you are there bryan flood the switch the are enables to experience anything anywhere is the powerful you build teleport to different worlds for the first time we will finally be inside of the game this is oculist touch these are going to take a virtual reality game into the next level we want to deliver have presence the sense of feeling as though the virtual have are actually your real hands get to play games with the rest with these wireless had controllers to let you feel the pressure world. >>gabe slate: or you can use the free x box 36 to control that will come with the gaming system it does not to structure is it also tracks his ears and had settled has built-in high quality had from steamer's you and the richer reality of the had settled for a gain in first and comes out on the market was shortly after that will offer new ways to watch movies and tv shows since the the

what will that do for xbox and why is oculus better than sony? is we want to build an open platform for all virtual reality players. oculus last week today we announced valve as well that we are working with. the idea is to take windows 10 and make it a platform for virtual reality. >> halo 5, that means 24 hours with multi-player. how is that to the future of video game? >> that's a huge part of gaming playing with your friends, playing with a lot of other people. we think that's a huge step forward for halo 5. it is critical. that's why people come play on console. >> quick final question. do you think xbox should be spun off from microsoft? >> no. i think we're doing fantastic here as part of microsoft. we're loving it. >> mandy, back over to you. >> if my boys ever got their hands on that hollow lens i would never, ever see them again. >>> a one year chart of electronic arts the video game maker is up nearly 75%. coming up on "fast money," julia will speak to andrew wilson will which gains his company will be rolling out at e3. >>> gunmaker c

facebook has oculus, sony has moore fee us, and microsoft has hello lens which is a new twist on v.r.er than taking you in to a virtual world what it does for microsoft is protect the virtual world on to the world you see around you. so appearing like holograms so you can be staring at your coffee table and then all of a sudden a virtual world will appear in it and you can move things around on it. it's very exciting stuff. >> reporter: exciting for gamers and incredibly lucrative for the big corporations that dominate an industry that rakes in $93 billion a year. bigger than the movie and music businesses combined. rob reynolds, al jazerra, los angeles. >>> you can keep up-to-date with all of the news on our website find out more about the e3 going on in l.a. on our website aljazerra.com. there it is on your screen. that's all at al aljazerra.com. fast-track his asian trade treaty has been closed down by his own party, and troubled waters. tension builds as china builds island bases in the middle of a trade route. >>> stop me if you have heard this before. president obama has a plan,

facebook has unveiled its oculus goggles.ventual, that eventually, oculus will be designed to receive computer commands. brendan: and they fixed the technology so you no longer get nauseated when using them. tom: this is the decline of western civilization. brendan: this is just kids doing things you do not understand. this is rock 'n roll. tom: i remember throwing one box down the stairs. i actually did that. brendan: on the board but not running the company, dick costol o. now he is out. here's the only number that now matters. twitter 302 million. facebook am 1.40 4 billion. so there is going to be a new ceo, jack dorsey for the interim. what needs to be fixed? >> there is a lot, but it has to start with products. in the context of social media and facebook with 1.4 billion users, they need to figure out a way to grow their user base from 300 million, and engage consumers so that they stay on twitter longer. brendan: i read a couple of different times last night a post from one person who had an early stake in twitter. his

. >> the owner of the oculus skin care center in atlanta says some sales reps miss the mark. >> it's all about the relationship and the end product, which obviously is the consumer. that's what's important to us. >> esthetician stacy clark doesn't meet every sales rep who walks through her door but denise windham made an impression. >> some sales reps are better than others. they know when to push you, they know what products are going to work well in your office and they look at your needs. >> denise is who dr. carl thornfeld needed when he started his boise, idaho skin care company. >> there is no substitute for having someone represent your company walking into an office introducing that potential account to your concept. >> she gets the importance of face-to-face meetings and making personal connections with clients like chip and stacy. >> you never know what they're going to ask and you have to know the answer or be able to say, i'm not sure about that but i can get the answer for you. >> dr. carl's sales team was borne out of necessity. >> as i observed the pharmaceutical indus

how have things changed question mark they have since bought oculus -- how it things changed?ince bought oculus but priorities are still facebook, still instagram and they had 3 billion videos they watch today on facebook. how do you cash that it would -- cash that them with clients? isn't it unnerving? she said no, they want to focus on the individual and help his misses grow and help the women in nairobi you are building the clothing business and then moving to a mall. she actually really wanted to share about how this has been helped by facebook. >> i think with the shift to mobile and the shift to digital it it is almost like a revolution because it is changing our lives. we think about changing the impact with behavior to bring digital and was a long way to go for a lot of different companies. what i'm really interested in as well is the start of businesses being created in this region and how we can help platforms to build and grow and monetize going forward. caroline: can you give an example of smaller businesses -- once that you have really seen grown and do some great

there you're braver to slip switch flips a switch is that powerful you be able to slip on a pair oculusgoggles and you deal with the teleport different world for the first time we will finally be inside of the game. >>gabe slate: this is a populist touch these are going to take a virtual reality game into the next level one to level the sense of feeling as though you're virtual hand are actually your real hands your complaint games it will come with the gaming system they're developing a social media aspect there is no price set yet for the rep for the release date just coming out early next year. >>james: if you love to connect with him you can add him on facebook follow on twitter and his e-mail would take a break coming up where watching the proper storm as a move the mexico pacific coast will say how fast and is moving right now there's a lot of the outside the camera along the embarcadero shown as a really nice start to this monday morning will hornacek of the forecast coming up at 445. >>james: use spreading to regain strength as it moves of mexico pacific coast schools are closed

there's a market around pornography around the oculus and it's not even a product-- >> there is?e is. there's a market of number of films. stuart: pornography scones have been. >> accessories. stuart: hold on a second. pornography scenes shot in the format of the oculus. >> and one of the things we've seen before facebook bought it. stuart: it's kind of a natural, isn't it. let your mind wander. >> if you want to be in the experience, so to speak. [laughter] >> is it true that the vhs and the beta did pornography play in role in that? i'm not aware of that. >> the cost of the videos was much less expensive on the vhs. so the studios gravitated toward that even though beta max was technically superior and helped it take off and get in more help. stuart: so you think that pornography will be a driver of the virtual reality headset because you can do it unofficially. >> i don't know if it makes it mainstream, but it's a component of what people are interested in and one of the things that people are doing it it. stuart: the writing is on the wall. christina as always thank you very

one analyst at piper jaffray is making this call on the value of the oculus virtual-reality platform.peaking of optimism, look at netflix. it looks like we have a street high price target on this. i had to make sure i was looking at this right. it up about 2.4%. rich greenfield making this call , talking about the strength in domestic subscribers, saying it could rise to about 50 million. i have a chart of the domestic international subscribers. domestic is much higher than international, though that has been picking up steam. we see the mastec at about 41 million, so he's looking at a rise to 50 million. there was a call on the strength of international survivors, so that is being worked out. we are looking at a chart here of analyst calls on the company. pay attention to the white line. 623.verage price target is we will see if he ends up being right on that call. i want to look at the big laggards -- tesla, there's a publication that the model three is being delayed. periodically, we get these reports about the vehicles tesla is working on. the shares have declined, down about .6%.

up, virtualg reality could be the next egg trend in video games spirit we will speak to the ceo of oculus the top vr companies live from e3 in l.a.. ♪ betty: welcome back. to the top stories on the bloomberg terminal is our. regulates -- regulators are hitting at&t with a fine for its unlimited data plan. downompany would slow internet speeds after consumers use a certain amount of data. at&t says it will vigorously those allegations. defense secretary ash carter says the attempt to train iraqi forces is going slowly. he says the u.s. initially envisioned training 24,000 iraqi butrity forces by this fall now he says the u.s. has received only enough recruits to train about 7000 of them. iran, the u.s., and five other ford powers remain a part the lifting of sanctions. the target date is june 30. diplomats say negotiations will probably be extended beyond that here the deadly balcony collapse in california, they are trying to determine why it took away from the fifth tour of a berkeley apartment building. six people were killed and seven were seriously hurt. most of the victims were visiti

facebook has oculus, and micro soft that is holo lens. >> rather than taking you into a virtual worldwhat it does is project the world on the world around you. you could be staring at your coffee table and then a virtual world will appear and move things around on it. it's very exciting stuff. >> excite forgiveing for players and for the industry that rakes in $93 billion a year. bigger than movie and music businesses combined. al jazeera, los angeles. >> robin is here with sport. >> thank you. i let everybody down, the words of a chile star who has not been released from prison. but he allegedly under the influence of alcohol his teammates said that he will not be suspended. the middle fielder has been given the four-month driving ban. he bruised his neck. he was released from hospital and detained. chile's next game is on friday. >>> on top of copa america champions, uruguay comes to score a winner. messi coming close to make it two. but he had his shot saved. that result leaves argentina top of group b along side pair pga paraguay. they would capitalize and paraguay would win. colo

even they were impressed with oculus. it immerses users in games that surround them and other players. >> you see their hands moving around, you see their head moving around and you can hear them talk. and it's positional audio so when they're talking, it sounds like they're right there talking. >> occulus plans to start significant next year. mriek row soft xbox taking a different appropriate. holograms can appear on the room you're actually in. both of those things are freaking me out. >> yeah. my goch. >> i don't think i'm in the right group. >> you don't need to go on summer vacation. just put on those goggles and paris can come to you. >> that would be nice. i probably wouldn't leave the house very much though. >> you have to get out. >> i happen. the bay area we can create all this technology, but it is the best place to get out and enjoy the weather. coming up we'll talk more about hotter temperatures and that weekend forecast. >> broken to death. >> and some of the best kept builders in the nation are here to show

is device that this book says will change video gaming social media forever our first look at the oculus ref commercial reality headset consumer edition of the coming to market. "mayors have been dreaming of this all about jimmy what this for decades"it's finally here oxalis raft deliver is the magic of feeling beat actually being there really truly believe it that your their brain and flips a switch the are enables this experience anything anywhere"it's that powerful football para oxalis goggles and teleport a different worlds for the first time we will finally be in sight of the game/this is oculist touch these are going to take a virtual reality gaming to the next level/deliver hand presence the sense a feeling as those your virtual hands are actually your real hands/play games with the rest of with these wireless hand controllers like you feel the virtual world/or three x box 360 controller that comes with the game system/does not just check your eyes also checks years/rift had set a bill in high-quality headphones that have more immersion/ibm @ diming at first but shortly after that

and specifically what you're looking at is the oculus the cornerstone of that facility. >> the totalthe hub is projected to be about $4 billion. >>> the 50 shades of grey series is back in the spotlight with the release avenue new book. christian grey's erotic row mons with young anastasia steal enter as new stage with the release of simply grey. released yesterday told from the point of view of billion nay christian grey. the author e hmm james says her latest story is based on fantasy which is something she says everyone can relate to. >> i think women like to really good passionate love story. this is about a very young strong woman who doesn't realize she's a strong young woman an guy very very fragile. isn't that what we women all want to do with their men. >> the 50 shades trilogy sold more than 125 million copies since coming out four years ago. book was later turned into a movie. that grossed more than half a billion dollars worldwide. >>> north carolina florist on her way to work like any other day, but this day would become one she will never forget. she spotted at cued cha

facebook makes long-term bets, they buy oculus, because they think the way people might be interactinge web ten years from now. might be through this. they make a $19 billion acquisition for whatsapp. and facebook, though public doesn't react to the quarter. >> spencer, how much of that is structural? the fact that mark zucker bg can do what he wants because he's got the most votes allows him to do that whatsapp deal. if he had to go to a board. like you do and most ceos and say, i want to spend $19 billion on whatsapp, would that work? >> it's true and zillo is blessed with a dual-class stock. so our founders have super voting control. that allows us to do things like invest in rentals far in advance of when we're going to make money off rentals. so make big, bold bets that pay off down the road. it's true when you're publicly traded having a dual-class stock allows you to be more long--term oriented. >> steven spiegel posting a video attempting to show how his social network works. >> historically photographs have been used to save major life memories. but today with the advent of th

it's been very forward-thinking companies like instagram, what's app when it was still small, even oculus looking really long term. right now the company in turnaround mode, it it really wouldn't fit the bill. this could be a 35 billion tds deal or so. so it would take a good chunk of facebook equity to get dumped. >> it's been a couple weeks since costolo announced his exit. i'm wondering if now you believe perhaps that dorsey taking over tomorrow, starting tomorrow leaves twitter a sort of window to actually explore bids. >> yeah. to score bids on acquiring the company. >> no explore -- >> no explore bids, yeah. >> getting bids. >> the reason why i don't think so, and i'm probably the minority on this, i think if they were close to a deal, they probably wouldn't have gone through the whole interim ceo transition in the first place which is a whole process unto itself. the other thing you have to think about is when you do bring a new ceo in here they're probably not going to come in just to flip the company a couple months later. they probably want to have a vision and build a platform

another one that they have and backing oculus so it's good for them to spread their bets. question did you get sea sick from this? i do i'm all over the place. >> early, early on there were people that tried it and they've been working on it since then. the last one i had it was immersive, but i never did. stuart: did you take something before? tom is the nuew head of redeye. 's he going to read some mean tweets that could be a problem for twitter. and there's a corporate logo on the nfl jersey how does he feel about that? i'm sure he loves it he gets paid. this is a remarkable financial show, isn't it? varney is two minutes away. two streetlights. the only difference: that little blue thingy. you see it? that's a sensor. using ge software, the light can react to its environment- getting brighter only when it's needed. in a night it saves a little energy. but, in a year it saves a lot. and the other street? it's been burning energy all night. for frank. frank's a cat. now, two things that are exactl ge software. get optimized. it's so shiny. i know, mommy, but it's time to

there is also oculus. virtual reality is set to dominate.ve been showing off the morpheus headset. we talked to the games maker. they are not seeing virtual reality coming that quickly. >> we are actively looking at our core franchises and trying to establish what is the best way to emerge in virtual reality. i don't expect you are going to see something profound in the next few months. anna: you have been doing pretty strange things in the course of your reporting. caroline: i have to say i went to -- it was called the europas. i didn't think i had to wear jumpers. maybe i would have had to. they had robots. they had drugs. they had virtual reality. one they had was a horse. a firebreathing horse. how else would you be making a statement? they also have virtual reality. they have drones. it was a slick event. i managed to speak to some of the startups. i managed to grab tom ballentine. i want to know is the threat of a grexit -- how is that affecting technology. he was a little bit concerned. as i don't think at a macroeconomic level it wou

caroline: they want to know how they will leverage that leveraging oculus. has been there for two years but as yet, they haven't changed their attention to monetizing those businesses. were they are focusing is leveraging instagram. it is also about getting advertisers. what is interesting is the ecosystem of facebook. they are saying they have helped other tech companies build themselves, grow, because of facebook. there are some phenomenal companies which she feels they have helped. >> i think with the shift to mobile, and with the shift to digital, it is almost like a revolution. it is changing our lives. if we think about how we schedule behavior. there is a long way to go for a lot of different companies, but what i am interested in is the start of businesses being created in this region and how we can help them through our platform to build and grow and monetize. caroline: can you give us an example of more businesses that you have seen grow? >> it is the small and big businesses -- in germany, the rocket business how they have become one of the bigges

virtual reality really caught headlines teaming up with oculus. >> we are actively looking at our corecore action, and core franchises to establish what is the best way to immerse players in virtual reality. this is early days of virtual reality. i don't expect that you will see something profound in the next few months. caroline: he is not so convinced. there is so much technology going on at the moment. we also spoke to dick costolo who just stop down -- stepped down as the twitter ceo. it is still modern technology week. francine: this happened. this is worth a note. [laughter] caroline: how else do you make a bit of a splash as technology than having a robotic horse that spews fire. this is that the europa. a conference and awards ceremony to shine a light on some of the biggest, most successful startups. so many great startups they are being highlighted as the cool tech savvy, future. the way that you type on your phones, they designed that. they shined a light on ai and helping the professor vehicle to speak. i think london is owning it. francine: caroline, thank you. coming up,