facebook ceo mark zuckerberg and paul allen, microsoft's cofounder.e 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 colleg

let's get over to paul allen in sydney. be throwing ato spanner in the works for john key. >> he does. he never seems to go away. not just him but a few other fringe players as well. om will talk about kim dotc first. he has been known ever since that dramatic raid on his house to do with accusations of copyright fraud over mega upload. anyway, he has now founded a political party. the internet party. he is not allowed to stand himself. while he is a resident, he is not a citizen. but he is campaigning for this candidate. he has formed a we are alliance, a marriage of convenience, with a left-wing radical party. leader could get 2, 3, 5 seats in the new parliament based on polling at the moment. dotcom is trying to appeal to the youth folks with things like digital economy, faster internet, free social education. here is a taste of one of their rallies. >> are you ready to take down the government? [applause] are you ready to extradite john key? [applause] >> as you can see, he has found a base. >> it looks almost like a bi

let's head over to paul allen in sidney. ul, it looks like there might finally be relief on the currency for the central bank. >> yes, at long last, angie. but these things are really going to be out of the control of the reserve bank of australia, as long as the united states was printing money and keeping rates slow. now there are signs both those things could be coming to an event. q.e. scheduled to end in october. we know of interest rates in the u.s. going up sometime in the next year. all that is finally doing the job for the i.b.a. the aussie dollar last week hit a two-month low when it dropped down to 2%. still a long way to go. the i.d.a. likely -- unlikely to take its foot off the easing pedal just yet. expected to keep interest rates on hold at this record low 2.5%. however, there was one lonely voice when it comes to the end of the year. that would take the rate down to 2.5%. they will sit on their hands for quite sometime. there is one more problem looming on the horizon, and that is inflation. the trimmed main l

and wine is up more than four with investment from kkr, and let's head right on over to paul allen in sydney. paul, give us the details of this did. >> well, kkr will be hoping it is second time lucky in their attempt to acquire treasury wine. this is a 3.2 billion dollar deal as revealed this morning, valuing the company at $5.20 per share, and treasury wine is the world's second-largest winemaker, looking out over 80 brands all the way up to one that will cost you a tidy $700 a facing and they haven't some problems, not the least of which is $260 million in in pair men's, and we had a famous story about how they had to dump half a million cases of wine in the had, unsold wine, that issues with oversupply, in here comes kkr, and a significant one now april, and they are offering $5.20. >> yes, what a waste, and all of those around the world just salivating at that thought. and let's talk about that. it is interesting. why? >> well, effectively, the cat is out of the bag. they were in talks with kkr, so treasury wine said no option but to go public, and if you take a look at the yearl

paul allen out of sydney, thanks for that.king further steps to aid its rapidly aging population. let's go there now in our south -- go there now. asiaouth east correspondent, haslinda amin. what are the concerns? an aginge talk about population, japan usually comes to mind. theeality, singapore has same problem. it is among countries to have the fastest aging. singapore's population will be super aged by 2030. i want to show you this bar chart. take a look at how quickly the number of elderly has risen. looking at 10.5% last year, expect that to triple by 2030. what that means is that growth in the working age population currently tom 48% 4% in 2030. not surprising that there is concern about their ability to support themselves financially. there was an announcement that retirees would be given greater flexibility. they can draw funds from their compulsory savings program, as much as 20% in a lump sum for things like family emergency or vacation, even pilgrimage. they are also exploring to see how the elderly can monetize the

paul allen reports from sydney. , sydney harborce may look pristine.neath, invisible pollution too small to be seen. the concern from the sydney institute of marine science. >> you can get anything ranging fragments of micro plastics. >> plastic has a reputation and the smaller the fragments get, the worst they become, finding their way into the a just of systems -- into the digestive systems of sea creatures, including these sandworms. >> we have seen the guts of some of these animals. that means we know that micro plastics are entering the food chain. >> the institute took samples from 27 sites around sydney harbor, a study that is the first of its kind. it found multiple hotspots of high micro plastics contamination. such asrces obvious, the decomposition of plastic bottles. others not so obvious, like tiny plastic exfoliating beads in some facial cleansers. >> when we wash our jacket in the washing machine, these thin threads come off the jacket, into the washing machine, and they enter our waterways. some states in the u.s. have already banned the

paul allen, thank you.ories we are following, a strong earthquake in southwestern china has killed at least 380 one people and injured nearly 2000 more. and wase measured 6.5 in demand province, and about 200 people are reported missing. xinhua news says about 12,000 homes were destroyed, and power and communications in the region are still cut off. and some other stories that we are following as well today, in the latest shakeup of state run businesses in china, everbright group is due to become a joint stock company. it is currently wholly owned by the government. they employ around 50,000 people and has $420 billion in assets. unit is rising in hong kong. ajapanese lawmaker who was former adviser to george soros says japan should have introduced negative interest rates like the ecb. he says europe's policy of forging 1/10 of one percent holding cash in excess of minimum reserves is a significant step, and he says his own come -- country should have done the same decades ago. >> boj's qualitative easing p

paul allen joins us with the details. we have lost and we have a forecast that it will return to profit. >> yes, it really is a tale of two stories. the headline number was absolutely awful, $2.84 billion loss. most of it was made up with the international fleet. the historic cost of aircrafts the purchased back when australian dollar was more in the mid-60's rather than where it is now, in the 90's. they say reflects the fleet value. if you are looking for silver lining to that earthlings cloud, the underlying loss was 646 million. it was expected to be much more than that. it is to say, there will be no dividend. he said that it represents that we are through the worst. he is taking a careful approach, through it true billion dollar $2ansformation program -- two billion transformation program. crucially, the sale act has recently been amended, which is going to allow them to go looking for a foreign equity partner and more foreign money. that is really the story of the markets and we are seeing shares go up by 7%. >> ca

paul allen. it is all gloom and doom in more ways than one. >> it is.d statistics to match it. probably the gloomy his day in the city so far. the misery index which comes at 9.4 which is the worst are reading since 2008 when the lehman brothers collapse. if you're not heard of the misery index, it is the sum of a country's unemployment rate and inflation rates. we haven't about australia's unemployment rate. talking aboutn australia's unemployment rate which is worse than the united states. unemployment, the rate is a volatile figure. it is quite possible that we may be happier next month. we will have to wait and see. more broadly, we have the brain -- the bank of australia lower its forecast. private sector wage growth is the worst on record. we often talk about the mining infrastructure boom coming to an end. there's plenty of evidence to back up his grandma number. >> there are other bits of data that show people are not as miserable as of this. about thee done misery index if anything at all? >> well, it is a problem that can be solved on 2 france

let's get over to paul allen right now. the weather still looks pretty 'loomy, just like people sentiment out there. explain. inflationhe rate of lusty unemployment rate. it wasn't actually too bad in australia. we now have a misery index of 9.4%, which is the worst of that australia has had since 2008 when lehman brothers collapsed. it is ad say that one-off because of the and implement figure and the unemployment here is notoriously unpredictable. but then again, if you consider some of the background, with the reserve bank of australia already lowered its growth forecast, the certainly high currency, the often talked about end the mining moon and wage growth, private sector wage growth on the lowest on record -- i guess there are a few reasons to feel less happy than usual. so the >> the misery index is bad. what can be done about it? , it is a can imagine good headline grabber. you can ensure that some political capital will be made of it. of course, the reserve bank of australia is desperately trying to stoke the housi

for more on that story, let's get to paul allen in sydney. with do we know about this rival bid? the bidder wanted to remain anonymous but the media is pretty much anonymous -- the much adamant. ppg according the matter. there is no certainty that it will result in an actual offer and the proposal is conditional on a number of other matters as well. it is exactly the same amount that kk i and run capital offered early last week. since then, the price has jumped. at fiveave it here $25, which is higher than both bids on the table. the market seems to think it is not well valued and we may have a bidding war on our hounds. -- bidding war on our hands. >> that is great. annual,reasury wine's the price really fell off a with in january when all of this bad news came out, treasury suffering to hundred $60 million a repayments in the month of june. then you have the huge jump that coincided with the original april offer. treasury once has had a lot of trouble, dumping in the u.s. with oversupply issues. but there is still valid to be had. it is the world's largest listed one maker. --

to paul allen in sydney. we were doing about this rival , then the tables?nt to remain anonymous. ,he media has decided that tpg quoting my favorite source, those familiar with the matter. the mistry firm, let's call it that, has said there is no certainty that it will result in an offer. its proposal is conditional on a number of matters. they are offering $5.20 a share. ands not the same as kkr ronan offered last week. kkr is doing to children's. the offer at $3.2 billion. that is an improved offer from one they put on the table back in april of $4.70 a share. that is an 11% increase. now we have two offers on the table at $5.20. privateugh there is equity firms think their offer is fair value, the market thinks something different. shareholders may well be anticipating a rather enjoyable war. ng mo >> no great news for shareholders. >> that is something of an understatement. the bad news was flowing much like the wind at treasury at the start of the year. that annual chart really does tell the story. if you look back in january, that is when the bad news

paul allen. you look at steve ballmer, he made the assets paul allen owns a lot more valuable.the seattle seahawks, portland, both are worth more now that ballmer has paid some much for the clippers. >> they have to be incredible he high charged an incredibly driven to have been as successful as they have been. backo you suddenly scaled and say, i will retire now. >> i do not think that is the fact. him getting involved with the clippers is a full-time job. he will take as much passion with that as he did at microsoft. >> it is important their personality type. he will be pretty driven to make the team successful just as he is driven in his own corporate business life. thank you so much. coming up, the new york knicks missed the playoffs this year. the company appears to be missing something as well. earnings out today. priceta cisco, the high of success. all of those startups have made office space pretty hard to find and very expensive. does this signal a new kind intact? we will have more on that story next. tech.cap -- in we will have more on that story next. ♪ >> amnesty e

paul allen who started microsoft sits right under the basket. it is a weird idea.iddle of court makes more sense but we will see. >> those are good problems to have. worrying about where you were going to sit. it will be fun and entertaining game seeing him on the sidelines. >> maybe a side shot of steve ballmer. thank you very much. the four horsemen of the apocalypse. we will talk to a shadow just who will explain what a painting at the do with the stock market. this is "taking stock. " ♪ >> this is taking stock on bloomberg. what do the four horsemen of the apocalypse -- the painting, what they had to do with the stock market? we will find out. joining me is barry bannister. welcome to taking stock. why do you use the four horsemen of the apocalypse to actually explain your bullish forecast for the s&p 500? >> it is metaphorical but if you think about it, the white horse is conquest. have a conquered deflation? the red horse is war and we have seen a lot of that in the world. famine andourse is economic disparity and imbalances. the great horse is definite but l

and "outfront" now, paul allen. that report was incredible.nds to unholster, put the gun back and engage it. and in that time someone can run 21 feet. you think if mike brown was 35 feet away, three seconds until he was on you. does this in any way -- will this enable darren wilson to claim self-defense? >> i have been astonished in these studies. obviously i don't know what the facts are with respect to what wilson's going to say. but putting the case together, first of all, an officer has to perceive and respond to a threat. when he gets out of the car, he has that thought process, am i in a threatening situation? that's going to knock off a half second. we're having a whole contin constellation of three seconds. he is seeing mr. brown who is bigger than the average national football league lineman. he's huge and this officer is a small officer. he perceives a threat if brown is approaching him. >> if he is. which of course the officer says he is. >> we'll have to see. and the arms of course were the arms like this or over the head? the witn

paul allen, bloomberg. >> so they have both got helmets on there.ope's largest economy. growth in germany. we are going to speak to the president of the phone. -- e-phone. fo institute. the london mayor will be heading upstairs to an in-depth interview tomorrow with boris johnson. we will take a break and see when a moment. ♪ >> good morning, everybody. welcome back. you are watching "the pulse." i'm guy johnson. the egyptian brokered cease-fire is the latest effort to end four weeks of fighting. hamas has accepted the truce and israel will consider sending a delegation to cairo if a cease-fire is held. israel is pulling back its troops from gaza. prosecutors say they would agree to end the corruption case. the billionaire has been on trial over bribery charges. the court is adjourned until this afternoon. the july reading came in at 50. that is the dividing line between expansion and contraction. -- china ises failing to gain traction outside of the manufacturing sector. interesting that the china number does not come into the european traders. aft

the allen telescope array financed by microsoft cofounder paul allen and the telescope in puerto rico are two well-known location for conducting radio astronomy searches for life in the universe. earlier audio astronomers detected seconals that lasted only a few milliseconds. these fast radio bursts as they're called, caused scientists to speculate as to their cause. some scientists thought it they would be from stars colliding or extraterrestrial intelligence source. other astronomers look for radio light pulses instead of radio waves. at optical telescope run by harvard-smithsonian enter of physics and university of california at berkeley among others use optical telescopes to try to detect nanosecond pulses or flashes of light distinct from pulse sars or other naturally occurring phenomenon -- pulsars. i hope today's hearing will enable us to hear how research in astrobiology continues to expand this fascinating frontier. the unknown and unhe can plodder areas of space spark human curiosity. americans and others around the world look up at the stars and wonder if we are alone or is

. >> i did a story about the gulfstream 650 that is apparently coveted i billionaires like paul alleno might owns one, steve when. it's a long-range jets so it flies very long distances and it is very sleek and comfortable. it is fast and people compare that to the global 8000 that is being produced. those are in your suite? >> they are on the way. >> why do you preferred the bombardier versus the g-650. >> the g-650 is a nice play. we like the global series because they have a wider cabin and we think they are quieter we think bombardier has been a great partner. as we look at the whole package, 5000 and 6000 are great aircraft and we think the 7000 and 8000 will be market movers. we have 120 on order. >> and to be delivered, all right, great to see you and thank you so much for joining us. the chairman and ceo of netjets. coming up, the big harvard payday more than doubles at the university of investment arm and one group of alumni is broiling mad about it. the nfl season kicks off one week for today it is time to get your starting lineup in order for fantasy football season and we

paul allen who start microsoft sits right under the basket. players thought that was a weird idea. the coaches thought that was a weird idea. they sitting in the middle of the court makes more sense. >> i'm looking forward to seeing you cheering on the sidelines. will we see that? >> i'm an enthusiastic fan. when i come to games i'm a fan. >> that is former microsoft c.e.o. steve ballmer. you'll hear more from him later on during the program. coming up on "the pulse," hot chocolate. coco hits its highest prices in 2011. what is behind this sweet rally? sweel discuss after a short break -- we'll discuss after a short break. stay with us on "the pulse." ♪ >> welcome back to the program. shares of lindt are rising today. the swiss chocolate maker report sales and profit growth for the first half of the year. but will the rise in coco prizes leave a bitter taste for oco make rs? overjoined now from geneva. thanks for coming to talk to us. we saw a 39-month high for coco earlier this week. what is driving this? is this all a demand story driven by

paul allen, thanks for that. a look at some other stories we're following for you this morning. lifting all shot -- all ships. many stocks have rallied since alibaba reported stronger returns in june. alibaba's ipo is expected in september. alibaba wasn't so profitable for softbank last quarter. net income in the japanese carrier fell 68%. stake in ali a baba, and the company took a charge on the investment amounting to $620 million. softbank sauce low subscriber growth as rivals lured customers with discounts. the profit slump as it over for say think of india. that income rose for the first time in six quarters. while state bank has the worst ratio among its peers, that ratio is improving. loan growth improved last quarter, and shares have rallied on word that prime minister narendra modi will boost growth. i'm zeb eckert. wasour years ago, tesla elon musk invited another car guy for a ride in his wheels. , theirtoyota relationship has gone sour. -- say weay they are are unlikely to see another toyota-tesla tie up. how did this partnership come about in the first place? >> if

allen. >> careful. don't get run over by this team. they're bigger. [ laughter ] >> reporter: seriously. it's like a stampede. >> all right, paul, thanks. >>> you having the gang over for an end of summer barbecue? no surprise, it will cost a bundle. kpix 5 consumerwatch reporter julie watts heads to the supermarket to explain why. >>> reporter: as summer barbecue season begins to wind down, prices at the grocery store seem to be skyrocketing. for instance, the price of beef is up 10% since last year. pork prices are run nearly 13 prompt -- are up nearly 13% prompting people to choose chicken for the end of summer barbecue. high grain prices and the drought are largely to blame for the increasing price of beef while a disease with a rather unappetizing name is killing millions of pigs and increasing the price of pork. diseased trees in florida have increased the price of citrus by more than 17%. but general drought conditions have increased the price of fruits and veggies overall. for the first time a new survey shows more than a third of people who make over 6 figures are now saying the price of food is impacting their bottom

allen martin. frank mallicoat is off today. ♪[ music ] >> sir paul mccartney closed out san francisco's candlestickark with last night's concert for about 50,000 fans. people were lucky if they could get a ticket and even luckier if they actually got inside the stadium. kpix 5's anne makovec with the gridlock that had people listening to the show from their cars instead of their seats. anne. >> reporter: yeah. i can only imagine the frustration. and today there must have been a lot of finger-pointing going on behind closed doors because it took hours to get any sort of comprehensive response from the multitude of city agencies that i contacted as well as the concert promoter. the concert promoter was had in charge of the parking. the promoter never got back to us. this was the scene last night around candlestick park. gridlock going in and out. some people waiting in their cars for hours and then ending up giving up and going home. >> 3 1/2 hours driving. 3 1/2 hours driving. >> reporter: where did you come from? >> we came from newark. and we're handicapped. you know, we can't even find a place to

paul laurence dunbar, countee cullen and langston hughes. i memorized shakespeare, whole plays, 50 sonnets. i memorized edgar allen poe, all the poetry -- never having heard it, i memorized it. i had longfellow, i had guy de maupassant, i had balzac, rudyard kipling. i mean, it was catholic kind of reading, and catholic kind of storing. when i decided to speak, i had a lot to say, and many ways in which to say what i had to say. i listened to the black minister, i listened to the melody of the preachers, and i could tell when they would start up on that kind of thing, when you know they mean to take our souls straight to heaven, or whether they meant to dash us straight to hell, i understood it. so out of this evil, which was a dire kind of evil -- because rape on the body of a young person, more often than not, introduces cynicism, and there is nothing quite so tragic as a young cynic, because it means the person has gone from knowing nothing to believing nothing. in my case i was saved in that muteness, you see. in the sordida, i was saved. and i was able to draw from human thought, human disappointments and tri

across the u.s., including susan mcdonald from massachusetts, allen cran dell from utah roger furlong from montana and republican senator rand paulkentucky. >> it's been exciting to get back and doing surgery and working with my colleagues. >> paul raised about $20,000 to help finance the trip including bringing over equipment. donald trump was one of the donors. it's not new for paul. he's been doing pro bono cataract surgery in kentucky for decades and had a practice in bowling green long before he was elected to the senate. >> but i still get to do it. i do some surgery in kentucky and travel around kentucky. and people are very appreciative. >> this is his first time doing surgery abroad though and it is also a reunion. >> dr. pablo, coma esta. >> the hernando brothers traveled several hours to get here. they first met rand paul when a charity brought them to kentucky for cataract surgery. >> we saw them the first time they could only see motion and light. and now they are able to identify fruit they still can see better. >> they tell me they are wearing the better of the two outfits they own. the other they use to work in th

former miami heat star ray allen's home while his wife and children weres asleep. >>> why congressman paulyan says he stays away from john boehner in meetings. it's one of the things we thought you should know. here is a look what is happening today. today possible republican presidential candidate governor rick perry visiting new hampshire. the first state to hold primaries. as the arraignment on abuse of power felony charges was held in texas this morning. >>> and the u.s. state department will hold a news briefing this afternoon we expect to hear the latest u.s. reaction on the threat of islamic militants inside of iraq. there's a gap out there. that's keeping you from the healthcare you deserve. at humana, we believe the gap will close when healthcare gets simpler. when frustration and paperwork decrease. when grandparents get to live at home instead of in a home. so let's do it. let's simplify healthcare. let's close the gap between people and care. the summer of this.mmer. the summer that summers from here on will be compared to. where memories will be forged into the sand. and then

paul mccartney going over the song list right there. kpix 5's mike sugerman already there and we're kind of coming full circle, mike, with this grand finale tonight. >> reporter: absolutely, allen. you can smell the excitement already. is that medicinal? yeah. it is. they claim. well, besides that, there's history in the air, as well. as you say, tonight marks the end of an era for candlestick and every as candlestick helps mark the end of an era half a century ago. ♪[ music ] >> guess you know it's true ♪ >> reporter: yes, it's true. tonight at candlestick, we'll say good-bye after paul mccartney says hello. >> i need you ♪ >> i was here in '66 and now i'm here today. >> reporter: so donna barnes can appreciate this day as well as anyone. historic in so many ways. [ screaming ] >> reporter: the 1966 candlestick show with the beatles' last public concert ever, it's the final public event at this much maligned yet beloved old stadium. >> don't have a ticket. i don't want to hear 10,000 screaming people anymore. >> reporter: larry heard that in 1966 working the concession stands at the show. >> everybody was screaming. [ laughter ] >> there was no quiet people in the stadium. >>

allen wastler. and tune in to "closing bell" tomorrow. chief economist paultalking to me about the economy and what we heard from atlanta fed president dennis lockhart just minutes ago on this program. we'll be right back. we never thought we'd be farming wind out here. it's not just building jobs here, it's helping our community. siemens location here has just received a major order of wind turbines. it puts a huge smile on my face. cause i'm like, 'this is what we do.' the fact that iowa is leading the way in wind energy, i'm so proud, like, it's just amazing. your studied day and night for her driver's test. secretly inside, you hoped she wouldn't pass. the thought of your baby girl driving around all by herself was... you just weren't ready. but she did pass. 'cause she's your baby girl. and now you're proud. a bundle of nerves proud. but proud. get a discount when you add a newly-licensed teen to your liberty mutual insurance policy. call to learn about our whole range of life event discounts. newlywed discount. new college graduate and retiree discounts

allen. "new day" is up next for viewers in the u.s. for everyone else, i'll be back with your headlines. >>> we're glad that you're with us. i'm christi paul. >> i'm victor blackwell. it's "new day saturday." it's a long weekend for a lot of people. labor day weekend and security is being increased across the u.s. now, u.s. officials say this is not because of the growing terror threat posed by isis. >> we're actually going to the white house in a few minutes. the militants have stormed huge swangs of territory in iraq and syria, they brutally beheaded an american

with us, chief white house correspondent mike allen here with the morning playbook. mike, it says rand paul wants to run for president. >> ah. >> does that make you sigh? >> it makes me tired. >> nicole just -- don't hold back. >> i think rand paul had a very bad week. i think offending the dreamer on the stump. i think he's stitching together. >> mike, i've said it before. i like rand paul, and if like yahoo! -- they want to do whatever they want to development i voted for his father in the primary in 2012. i you know what? i carry the scars. this guy is not going to be president of the united states, and in large part, i think it's because of his former positions, they're going to catch up with him, all the stuff that's gone in the past is going to catch up with him. one of those things, his position on aid to israel in 2011, it's a newly elected senator, he actually talked about cutting foreign aid to the middle east, and here are his original comments. let's take a listen. >> you want to end all foreign aid as well, right? >> the other day, 71% of the american people agree with me, when