facebook ceo mark zuckerberg and paul allen, microsoft's cofounder. we begin with mark zuckerberg and facebook. if you have a facebook account, you've probably reconnected with an old pal, shared photos with your family, and gotten advice from your friends on what to buy and what to read. but facebook has bigger plans. it wants to turn the entire web into one big social network. lesley stahl first talked with mark zuckerberg in 2008, and three years later, we sat down with mark again. he gave us a preview of his site's new profile page, a change that would affect the 500 million people who were then using facebook, an idea that zuckerberg had cooked up in his dorm room at harvard. >> when you first thought about this--19 years old--is this what you had in mind? did you see this far into the future, or is it way beyond what you dreamed? >> well, it's funny. i mean, when i was getting started, you know, with my roommates in college, you never think that you could build this company or anything like that, right? because, i mean--it just--and we were coll

paul allen has this report from sydney.rand 18 in or on their way to this area. 2.5 thousand kilometers southwest of the australian capital of earth. that is some distance into the indian ocean. the first ship to arrive is now on the scene. planes are also back in the air today, looking for these objects, these grainy images spotted by a satellite that from thosebris missing malaysian airlines flight. there were four planes out on thursday searching for these objects. 23,000 squared kilometers of ocean before returning to perth. while that sounds like a large patch of sea you have to keep this in context. these images were taken on march 16, five days ago. the seas could have moved them anywhere. some analysts suggest they could have drifted as much as 400 kilometers. the area is also known as the roaring 40's which tells you a lot about the prevailing weather conditions. the wind can get very strong. that makes the swells big as well. visibility, not so great. they have been struggling with low cloud and rain. sheerr chall

paul allen is in sydney. >> these images were taken by a french satellite.o size for the object spotted was given, but the location was. 850 meters north of the area, which is currently being searched various planes from various countries, which is interesting, but in many , that theunhelpful debris might have been spotted that far from the search zone. it underlines the difficulty of the task being faced by these crews, who were scouring the ocean. over the weekend, there was more encouraging news, this time from a chinese satellite, which took an image of an object that was , 22 meters long and 13 meters wide, consistent with a boeing 777 wing. it is impossible to say exactly what this object is until someone can physically lay eyes on it. kilometerss 120 south-southwest of the first satellite images that emerged towards the end of last week. satellite images in hand, the deputy prime minister finds himself in a situation where he is managing expectations. have got to check out all the options. we still do not know for certain that the aircraft is in this

paul allen talking to us from sydney.expecting that news conference in 20 minutes from malaysia. >> we will bring that news conference to you a little bit later on in the program. in the meantime, the federal reserve will present the results of the stress tests this week. tests designed to ensure that the u.s., the largest u.s. banks weather the next financial crisis and will not turn that into economic disaster. jon ferro joins us with more. the fred rattling markets -- the fed rattling markets. >> 30 large financial institutions in the u.s. are expected to pass. u.s.lying how far ahead banks are from european banks, when the ecb conducted those stress tests in europe, they will take rate is significant. no one is talking about this right now. they are talking about yesterday evening. >> how much do we read into the forecast rates? >> two things. i think they are significant. thedots at the end of summary of economic projections were the officials put where they think rates will be have moved higher. that was without rev

we are going over to paul allen in sydney for the latest. what we know about these images?were taken by a french satellite and we do not have a date or any indication of the size of the object that was found. the australian deputy prime minister offered a location 850 miles -- kilometers north. search could be expanded for the new objects that were spotted by a french satellite. there is another encouraging development over the weekend. a chinese satellite spotted as thein the same area original images that we got. on thismore information image from march 18. it is 22 meters long and 30 meters wide. it sounds like the right wing.ion for a boeing that image was taken 120 kilometers from the images we saw last week. this is an encouraging me. the prime minister said, over the weekend, that there are a club -- a cluster of objects and a wooden pallets. optimistic, that is encouraging because planes are known to use wooden pallets. however, there are a lot of wooden pallets in the ocean because things. of container ships with >> we havefrequency -- frequency. >> we have austral

paul allen, bloomberg.darling of the stock market has become one of the year's worst performers. details next. we're counting down to the open in japan and in korea. this is "first up." stay with us. ♪ >> topping 100,000. crowds on the streets of taipei. tokyo returning to china with a world beating rally. the loser during the period is japan. we'll ask why the euphoria didn't last. welcome to "first up" this monday morning. i'm angie lau. coming to you live from tokyo and streaming to you live on bloomberg.com. a surprise drop in tokyo. tokyo begins a new trading weekend -- week, and a new trading quarter. >> not impressing the market. we have a 2.3% drop on a month-by-month basis on japanese production in january. this is a big surprise because investors were looking for a gain. >> ahead of the sales tax. >> exactly. >> so people will be buying more so they produce more. >> that does not appear to be the case, angie. . ey have a prior best of 3.8% investors can take comfort in a sixth straight year-on-yea

. >> paul allen behind these guys. >> puts pressure behind us. good pressure. that is why we play.ing a shift with new ownership in the league. they are paying insane amounts of money to have a team. putting stadiums downtown with public transportation, bars, everything you can ask for with a big production of a game. that will help elevate where we want to be. >> ok, today's mystery meat. earlier this week, we poke holes in the too good to be true announcement that the back to the future of her board was here. for anyone who did not pick up on the fact that this was a hoax, letting us in on a secret. >> those rascals tricked you and me both into thinking [beep] were real. we were hoodwinked. swindled, scammed. you may be saying, chris, what do you mean? you were there, surely you saw the effects people? i say i was blinded by my own beliefs. my brain must have been erased. ♪ >> 56 past the hour. bloomberg is "on the markets." i am julie hyman. -- all time, another high. that said, trading not wanting to take on strong positions where anything can happen with the ukraine. jobsarket

paul allen is in sydney. why the growing chinese interest in australia? >> good morning.of the appeal is looking out the window here and contrast the view behind me with some of the images we have been seeing out to beijing this week. it is not that hard to understand the appeal of australia for chinese investors. there are some push and pull fact there's. on the push side, china has been tightening up on the property speculation in that country. the minimum down payment you need to buy a home in some cities in china is now 70%. they have also increased capital gains taxes. they are trying to close down the property market. in sharp contrast to australia with the government here is trying to do anything but. not only do you have a tax break here if you lose money on investment property, there are special visas aimed at attracting wealthy chinese to australia. many deuces and their children to universities here. the australian dollar has made property here relative receiver. the quality of the housing stock in this country is not that terrific. it certainly is not stopping

here is paul allen.s reputation on images like this, the great barrier reef, home not only to teeming marine life but a living structural coral. it has an uncomfortable never, queens lance: history. industry.lan's coal it provides about 3000 jobs. at that point will soon be dredged and developed into the largest coal terminal. dredged spoil of will be dumped in the marine pat. shipping is expected to triple. the development hasn't escaped the attention of the united nations which will consider in june whether to list this heritage site as being in danger. >> we are running a huge risk. we have the international community concerned. unesco is concerned. >> we are talking about millions of dredged spoil. we are also talking about increased shipping. >> the resources counsel says there has only been one in -- one safety incident in 10 years. it points to a government study that finds most of the damage to the reef has been due to weather events and crown of thorns star ship -- crown of thorns starfish. >> t

paul allen, bloomberg. >> chinese manufacturing, according to implement very measure. -- a preliminaryeasure. >> it certainly did. weakening formber the fifth straight month. the index is considered to be a flash pmi and is released by a kiss bce. it is regarded as a key barometer on chinese economy. the official beta comes out later and the early data gives us a clue as to the health of the economy. in the meantime, we have chinese leaders. we have chinese stocks rebounding and there is a questioning of the weakening policy pullingto back on stimulus. we watching this closely. ofs number is representative what manufacturers are thinking and it shows that they are retrenching their readings. the prior reading is 38.5. let us recall that any number -- any3 -- indicates number below 50 indicates contraction. it is curious. you would expect a deep selloff. the only thing we saw was a modest dip in a shanghai composite. the numbers were released and the aussie dollar took a decline. the composite is at one percent and the hang seng is moving. the aussie dollar is losing. this is an earning

that is paul allen for us in sydney with the latest on the mh370.n other stories making headlines around the globe, we have student protesters invading taiwan's cabinet offices. it is being seen as a sharp escalation of a five-day escalation. they are campaigning against a wide ranging trade deal with beijing, saying it will erode democracy. the president said abandoning the be at -- the deal would damage taiwan's international credulity. up next, the west issues a warning to rush over ukraine. we will have a look at the economic impact of the crisis coming up next. ♪ this is "on the move" streaming on bloomberg.com and indeed your mobile device. we are going to have a look at what is happening over in the ukraine. crisis is roiling global markets. russian troops continued to fan out across the country's eastern border. this comes as western leaders are set to meet later today in the hague to formulate a response. last time we were talking, we had air force one leaving andrews air force base en route to holland. >> the flight is over the atlantic oc

it is renewing the debate about commerce versus conservation. , paul allen reports.s it stores a reputation on images like this, the 1500 mile-long great barrier reef. it is itself a living structure of coral. it also has an uncomfortable neighbor, the coal industry. >>: accounts for about one in andy five dollars directly indirectly in the queensland economy. >> that is set to grow as the coal basin to the west is exploited. it was an be dredged and developed into a large coal terminal. 3 million tons of dread spoil will be dumped in the marine park. shipping is forecast to triple by 2030. the development hasn't escaped the attention of the united nations which will consider in june whether to list this site as being in danger. >> we are running a huge risk. we have the international community concerned. unesco is extremely concerned. we are talking about millions of cubic meters of dredged soil being dumped in a fragile pristine environment. >> shipping is closely regulated in the marine park. the council says there has only been one safety incident in 10 years. it

. >> so paul allen is not going to moscow. involved in the political process. >> which country? >> russia. >> gotcha. >> i always see him hanging around brooklyn, so i don't know. >> have you ever seen him at a net gain? >> yes. and i've eaten chili in his basement. >> it is very unlikely. 75% of nba owners would have to approve it and given the current sanctions environment, it's unlikely. >> but he does have an issue with what is going on. >> his stake in the berkeley team was about $200 million. he can't afford to lose it. >> but who's going to take it? does jay-z bite off of them? -- buy it off of him? it's been a pleasure. i cannot understate -- i cannot overstate that. but you are all leaving, except for greg. coming up, what the company has to say about the future of broadcast media right here on street smart. foronsumers are now looking more. whether it comes from ariel, netflix, or a variety of other online sources, they want online media. ♪ >> arguably the most followed court battle in media right now, is before the

let's get to paul allen in sydney. >> good morning.irst heard of this at 2:00 this afternoon local time when tony abbott addressed parliament. he made the announcement that objects have been found in the c. -- in the sea, . he said an orion had been diverted to check out to objects. he described this as new, incredible information. the prime minister did issue a mode of caution. informationredible has come to light in relation to the search for malaysia airlines flight mh-370 in the southern indian ocean. the australian maritime safety authority has received information based on satellite imagery of objects possibly related to the search. following specialist analysis of this satellite imagery, two possible objects have been identified. house then moved on to other business. put anda stayed firmly shortly after that the maritime safety authority held a press conference. >> what do we know about these objects? what did the authorities have to say? rackspace said that this was picked up by a satellite, the images were very low resolution

paul allen, bloomberg.ender. >> the chinese lender is said to be planning to raise more than $3 billion. more details. zeb.morning, >> the second-biggest ipo in hong kong. $1 billion. a lot of money. harbin bank. it is of course located in northern china and is anecdotal tier. the annual ice festival. known for its proximity to russia. to harbinan visitors and many comment from the northern regions of china to enjoy harbin in winter and summer. it is a big ipo. $1.1 billion. it raises capital. as a time when lenders in the country are facing the big squeeze. and policydebts makers in beijing, the people's bank of china among them are opening a financial system. more competition for lenders like carbon and trying to get out in the public markets. -- insteadut 3/4 torture send 5 million existing insteadt the same -- 270 5 million existing shares at the same time. >> what are china's biggest lenders calling the vampire -- bloodsucking vampires? and bank of china and those state owned lenders are referring to t

poll when it comes to predicting the gop nominee isn't that good, past winners included rand paul, george allenorbes, none of whom came close to the nomination. the margin of victory is impressive enough to tell us something where the conservative base is now and even if you pull the straw poll aside, cpac itself is the current passions. 11,000 people attended this year's three-day event which wrapped up when that straw poll tally was announced. the conservative attendees did a lot more than just sit around waiting for presidential contenders to speak. they were also going to argue over and hash out a policy agenda, the new strategies are formulated and the candidates who would lead them are dissected. the national harbor convention center just across from d.c. has been buzzing with conservative bloggers and radio hosts, intellectual leaders, policy, donors, those who organize phone banks, form voluntary armies every election year. so let's forget about the candidates for a minute. there are other people, those are the people i just mentioned, who i really would like to hear from. and so yester

i also believe rand paul, ted , allen west are high up on my list.often wonder what happened to jc west from oklahoma. he has kind of dropped out of the radar. host: donna in rome, new york. a lot of facebook comments. of favorite conservatives. grovercoolidge, cleveland, thomas jefferson, andrew jackson, barry goldwater, ron paul, ronald reagan, john f. kennedy, ted cruz, senator rand paul. he goes on to say analyze that. facebook.com/c-span. a lot names being posted and a lot of comments. join right there all day. peter is calling from fairfax, virginia. caller: hello. i wanted to remind all that theers to a number that united states is not this to be a democracy. majority rule. the u.s. is a constitutional republic with democratically elected representatives to enforce the law. on that note, my favorite can paul. is rand conservatives have to realize if there is not a rand paul type candidate out there, there is a large block of libertarian type thinking americans that will theably use one of important things we have that pj 'rourke reminds us of.

paul won it. eventually nominee came in second. george allen won it and nominee john mccain came in second.at steve for forbes won but it george bush came in second. ♪ ♪ i got no beef with repetition ♪ ♪ i'm gonna see it through and through ♪ ♪ i got no beef with repetition ♪ ♪ i feel the same way as you do ♪ ♪ i feel the same way as you do ♪ ♪ i feel the same way as you do ♪ ♪ i feel the same way as you do ♪ making moves that would put an adult in an emergency room. yet all they really want to do is grow up. it's funny, everyone i know wishes they could go back and feel younger. sound familiar? then test drive one of these. current non-gm owners and lessees use your $1,500 allowance to lease the 2014 cadillac ats for around $359 a month with nothing due at signing. there was a boy who traveled to a faraway place where villages floated on water and castles were houses dragons lurked giants stood tall and the good queen showed the boy it could all be real avo: whatever you can imagine, all in one place expedia, find yours capital letters mean business. or maybe that sign, with all it's might

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paul. not so fast. you remember the george allen administration. right? the steve forbes administration?history of cpac over the years, a lot of people have won the straw poll but only two -- george w. bush and ronald reagan have gone on to be president. big deal in maybe not. there is a special house election in florida on tuesday with a huge mid-term election coming up, everyone in washington will tell you wednesday morning how that election impacts november. let's look at history. in 2009 and before the 2010 mid-terms there were four special house elections. the democrats won 3 out of 4. logic goes if they're winning the special elections in 2009 and early '10 they go into the election with the majority. they've got momentum from the three elections. good year for democrats, right? not so much. john boehner takes the gavel away from nancy pelosi, a huge republican romp in 2010 in november. despite losing 3 of those 4 special elections beforehand. robert costa, go back to cpac and that straw poll. what's rand paul have to do to beat ronald reagan? >> i think rand paul was always expect

paul ron a couple of them. >> romney won five times in a row before he became the nominee. >> well, george allen won it once, e cpac straw poll was when ron paul got declared the winner in 2010 and half the room at cpac started cheering and half the room started booing, and then hear paul ryan, a divided party. nobody divides that gathering like ron paul. >> it's very interesting. last year, there was a panel on the failure of multiculturalism and the pursuit of diversity, fear mongering around the browning of america, this year health care after obamacare, practical guide for living when no one has insurance, runs out of doctors, fear mongering around obamacare, they seem to keep moving forward so gracefully. let's take a look, though, at what crystal has been doing in the last few minutes. wait. she's getting ready for the up against the clock tournament of champions? oh, my goodness. this thing starts on saturday, steve kornacki, crystal is ready. i didn't win like you did. but one small piece of advice, if you push the buzzer a lot, you can score points if you don't push the buzzer, you can't score any po

allen. i guess you've got news on this. rand paul headed to u.c.keley about the nsa and privacy concerns. a preview? >> that's right. berkeley could be a tough crowd for rand paul but he's taking a smart subject. he's taking on the nsa. but we have an exclusive. he's going beyond that. he's going to attack for the first time the u.s. intelligence more broadly, specifically he's going to name the cia, he's going to say that senators have a fear of an intelligence community that rand wall will say is drunk with power, unrepent eant and uninclined to relinquish power. he will say he's worried and not sure who is in charge of this government. so much he's making very strong and wide charges about the strength of the intelligence community. something that might ple well in berkeley. >> we'll hear more what he has to say. i want to update louisiana, that state does allow its convicted felons to vote. >> i'm so sorry, he can vote for himself. >> he's got to vote for himself. certain states are different. >> he's a beloved figure. >> self-love. >> so dolov

allen west, a few that made the cut. this is circulating online a lot now. that's pretty funny. rand paul holding it. all right. this year cpac was filled with more than selfies. republicans pushed the issues with base on change from capitol hill. >> speakers made it clear it's time for conservatives to take back control. chris has the wrap up. >> former lass lass governor sarah palin closed out cpac 2014 taking a nod from ted cruz's reading of dr. seuss over the recent filibuster. >> i do not like this spying man. i do not like oh yes we can. >> the speech serving as the grand finale to the annual gathering of conservative leaders and supporters plotting the take over of the senate this year and white house in 2016. this year's cpac has shown potential battle for the party. some like chris christie are urging conservatives to broaden their message to draw more voters. >> not only stand for principles but let's come out resolved to win elections again. >> hard line conservatives like tea party favorite ted cruz say that strategy led republicans to lose the last two elections. >> all of us remember president dol

nonincumbent midterm years, go back to 2006, george allen, the former virginia governor won the straw poll. in 1998, steve forbes won. in 2010, ron paulinees the. but if someone outperforms expectations, they'll get some good buzz, that's for sure. >> i want to show a picture we teed up before the break. it shows a cpac session on minority outreach. huge room, totally empty. is that the story behind this photo? >> reporter: i don't think so. democrats tried to make hay of this when it happened. it was during a lunch break frankly. and really the room here is really big, it hasn't been full throughout the whole event. but there are big speeches here. people flood the room for big speeches and tend to leave during the panels. so i think it's a bit of an exaggeration to say that this was an example of the party not caring about minority outreach. we just saw a presentation behind me from a republican pollster urging republicans to reach out to hispanic voters. this is a priority for the republican national committee. yes, they do have a brand problem with minorities, but i'm not sure this was an example. >> thank you for debunking that p

paul of kentucky. tomorrow, the results of the straw poll. much watched and analyzed, but is it a true barometer of what happens two years from now? >> senator george allen. thanks for being up with us. >>> coming up on "new day," kate bolduan joins us. >> good morning, guys. happy friday. we'll be following breaking developments in ukraine. president obama and vladimir putin spoke on the phone for about an hour on the crisis, but of course, the question is, did it accomplish anything or do they continue to talk past each other? we'll be live across the region covering the situation, which just continues to escalate. we're also going to break it down with experts, including the former u.s. ambassador to ukraine and our own fareed zakaria, of course, for his take and insights on this. >>> then you've got to hear this one. this is kind of like maybe today's version of the up-skirting story that we had yesterday? a california man says he drank way too much at a casino. it happens. that he blacked out. then he woke up only to realize that he had gambled away some half a million bucks at a casino. he's now suing the casino, saying that they should have cut hi