getting to paul allen was very difficult and i emailed paul. put calls into paul. i was relentless. and i got pitched to dave moore. so dave is representing all of paul's invests in space interests and i'm, i'm like, i finally got my meeting with dave. dave, was oh, my god, i got a meeting with dave moore, it is like this big deal. i remember to this day. i come in and with videos and power points and brochures and -- it is a pretty good pitch. >> is that the way you saw it, dave? >> actually it was a great pitch. a great pitch. i was thinking this guy might actually raise the money because at the time i was already talking to burt about setting up the project. we were going after the prize before it was funded. so i was taking a risk to actually fund this ring, to actually build spaceshipone because i knew peter didn't have the money. here he is trying to get the money from me. i can't tell him. >> he is looking at me straight in the face hmmm, that is very interesting. yes, i will take it under advisement. i will talk to paul about it. all this time burt is pitching dave and paul

let's get over to paul allen in sydney. what is when the numbers down z.s e -- a and >> bad debt is up 62%. also, they took $1.1 billion in restructuring the business. it had a profound impact on the cash earnings. estimates.edian down 18%. the dividend also less then the year previous. the market is shrugging it off. still doing pretty well toward the close. >> it is interesting to see when -- why hasn'tean been able to shake it off given that the chief executive shane elliott -- is that what is driving it? >> it appears to be. often, australian banking stocks move counterintuitively. let's listen to what the ceo had to say. >> we are going through a to be better players. we have had a number of charges which have depressed our earnings. our underlying performance has been very good. the reduction in profits is a deliberate action to reposition for the future. >> we saw an example of that this week. there could be more to come. they suggested we could see life insurance advice. >> thank you very much paul allen there. donald trump has a bit of an impact o

i am paul allen, this is bloomberg. rishaad: thanks. theung making a big bet on industry -- paying for harman international. they are storing, harman closed 25% higher. this is what samsung sees as the future. >> it probably is the future for many tech companies. they are trying to move away from things like smartphones, which is reaching a saturation point in many areas of the world. the deal is expected to close sometime in the middle of next year. arounde paying something $112 per share, which is attractive, and there's a 20% at friday.the close at puttinglooking its technology, it's microprocessing and software, and marrying it with harman's entertainment. they want to present essentially a movable mobile device that is all-encompassing, your gps, your entertainment all in one place. samsung said is not about cost-cutting, but the synergy. operate hanlan -- harman as a standalone entity. samsung has been pretty dominant in mobile phones, but can it translate back into this other -- auto sector. rishaad: when i heard about this, i di

i'm joined by my colleague, paul allen, with look at the markets. new zealand has been up and running for 90 minutes and it's not looking too good. 1.5%, following wall street lower. teachers on the nikkei look mixed and we expect declines on of 1%. of one third it could be worse because we just had disappointing results from one of australia's egg for banks. that does missed estimates as well and is the lowest result since 2011, weighed down by higher bad debt and narrow margins will keep an i on the aussie dollar. the trade balance for september is out. we expect to see the deficit narrow. a slew of earnings out from asia today, including lg electronics and singapore airlines. some gaming stocks. i'm paul allen in sydney. more from bloomberg technology coming up next. emily: this is "bloomberg technology." i'm emily chang. to people familiar with the matter -- if the deal happens, it would follow a slew of transactions in the rapidly consolidating semi conductor industry. joining me with the latest is ian king. you have been very busy. talk to us a

my colleague, paul allen, has a look at the markets. let's start off with new zealand, trading for 90 minutes and already off .5% as the country posted its best jobless figures in about eight years. fund up .3%rra after we saw whole milk prices surge almost 20% in overnight auction. since the highest level july of 2014. take a look at a sx futures, off about .6%. we will be keeping an i on virgin australia, the airline announced a first-quarter loss. also pointing down. net profit from sony. analysts expected a loss but the number is still down 86%. involved fromsts the sale of its battery business and the strong yen. three-yearpped to a low after the bank of japan maintain stimulus and pushed out the target for reaching its inflation goal to 2018. i'm paul allen in sydney. more from "bloomberg technology" coming up next. emily: this is "bloomberg technology ." i'm emily chang. we are focused on what big data technology can tell us about voter sentiment at this moment. crowd packed is a nonpartisan startup whose mission is to make it eas

haidi: paul allen there for us in sydney.we are looking at the big stories of the day so far. what have you got? , pboc weakening renminbi stealth tightening of monetary stimulus, and the property market. we explore all of that with gavin perry and talk the latest on the markets and why chinese speculators are shaking up the global commodities market. and, we bring you back to singapore, where we will be talking to pan pacific hotels group ceo: growth strategy, new projects, and of course competing in the china market amid sluggish global growth. rishaad: right, getting to the market action, hong kong, shanghai, japan. >> a mixed picture, caution creeping in ahead of opec talks in vienna, that commodities rally coming to a stop. rishaad: a bit of positivity creeping in. having a look at what is going on. we do have japan on its lunch break, a small gain at the moment. a glorious picture of victory harbor. we leave you with these images. ♪ >> from our studios in new york city, this is charlie rose. >> good evening, i am jeffre

in hong paul allen with the first word headlines.ncies are falling on speculation that the federal reserve will boost interest rates to cap inflation from increased spending by donald trump's administration. feltit the -- the ringgit to levels seen last year. the truck victory is surprisingly good news for the boj. the yen has fallen since the vote. there were predictions that investors would rush to save haven assets. the selloff in treasuries have sent yields to a high. kuroda'slp governor efforts to revive domestic inflation. south korea's central bank held its rate, seeking to calm markets after the u.s. elections and they homegrown crisis. donald trump's victory raises questions about trade and security just as the president's approval rating plunges with the arrest of friends and aids over an and influence peddling scandal. alibaba posting more than $10 billion sales. one billion came in the first five minutes. the annual spending blitz divorced black friday and cyber monday in the u.s.. celebritiessted top to drum up support.

paul allen, the test pilots. those who kept it going. doug king who unfortunately isn't here, but he rescued the x prize many times. all of these people who manage to keep this dream alive and it was a grueling odyssey of and now we have these really skilled, talented teenagers who are just going to say a few words. we have eric sandman here and we have jessica and just in. eric, justin and jessica will say a couple of words here. kind of as the next generation of innovators and dreamers and forward thinkers. eric, do you want to say a couple words? >> thank you. exactly, like this book by peter read, an amazing book and it inspired him. the advice in this book absolutely inspired us because we've had berbers 10 on the team has an incredible person and we are doing this as teenagers, a high school team in north idaho. that is like all the odds against you. we are launching a satellite that is the time capsule and modern-day 21st century record which is a time capsule in the voyager mission. watching it on the 40th anniversary of that mis

i'm paul allen in sydney. more from bloomberg technology, up next. this is "bloomberg technology." i'm cory in for emily chang. one of the big unknowns is the threat of global cyber attacks. russia was said to be responsible for attacks on democrats and trump disagreed. trump said he would fight fire with fire when it comes to cyber security. mr. trump: there's a deterrent against attacks the united states must possess and has to the unquestioned capacity to launch crippling cyber counterattacks and i mean crippling. crippling. the warfare of the future. america's dominance in this arena must be unquestioned and today, it is totally question. cory: is that the case? ofning us is the ceo obtaining them. it's one of the biggest companies in the u.s. also with this is bloomberg technology's brad stone. for joining us. let's start with the events in washington d c. canda trump rebuffed some evidence that russia was responsible for the hacks on the dnc. trump.is president-elect how are cyber secure he firms viewing the election? think we as a community ar

i'm paul allen in sydney.om "bloomberg technology" next. ♪ emily: this is "bloomberg technology." i'm emily chang. the holiday shopping season is here and retailers are expecting the crucial fourth order will be strong. adobe predicting black friday sales will jump 11% from last year. techgame boys to vcr's, items have been at the top of consumer wish lists for decades. herewith this is the chief economist at the consumer technology association. so, cyber monday is actually expected to be the biggest shopping day in history. what are some of the most apprising trends -- surprising trends you're seeing? >> online shopping and the shift to online continues to be a major force in what is happening this week, and still he obviously into monday. lling obviously into monday. we expect mobile to we up nearly 50% over last year. we have tremendous growth in that segment of shopping this week, and obviously into cyber monday. emily: throughout the week, when is the best time to shop, when is the best time to get the be

let's get the news with paul allen. paul?soared since february after the fbi revealed that the secretary of state was not guilty of a crime. been a currency has delete for the campaign. the present timetable will not be altered by last week's constitutional ruling. conservative newspapers are blasting high court judges. that parliament must approve exit -- brexit negotiations. executives are seeing prices falling between 5% and 8% in the coming months. government raised stamps. global news, powered by more , i'm paulournalists allen, this is bloomberg. must go to date in less for more. -- let's go to dave ingles for more. taiwan, you have a picture of green here as well. we have been talking about it all morning. it has been quite a substantial drop when it comes to equities. it is a bit of an unwinding if you will. we are waiting for that window. there is a weaker japanese yen. the 225 stocks are on the way up. new zealand is having its best day. looking at australia, 9/10 of 1%, most stocks are on the way up there. decliner

designer so what else do you need any this really disciplined program manager it is working for paul allen c. any day benefactor and a founder of microsoft he has uh vision so they're all these great components and then what else steven need? you need intrepid test pilots. these that word test pilots and scaled composites and 63 years old at the start of space june 2004. and to have huge human brain gary and it is a great conductor to hold these characters into this. and to be persevere like, a few people have ever heard of in my life but he went out n is told in no to be very creative to tell them this would never work to give that up and it will not happen to be persevere to hold onto his dream great innovation to make all of this happen. in this magical moment as they tell me stories when these flights for in the of mojave desert that they can do really remarkable things. and in this moment in history to have a team of 30 people with the replica is right above us it is incredible that embodies the best of the human spirit. with that tenacity and skill at all different levels. i was so h

haidi: let's get to first word news with paul allen in sydney.resa may says her brexit timetable won't be altered by last week's constitutional ruling. has worsened divisions with conservative newspapers blasting high court judges. theresa may says the government has a strong case to appeal the ruling that parliament must approve brexit negotiations. she called on opponents to accept the results of the referendum. iswhat we have to remember that we had a vote on june 23, the british people voted to leave the european union. the government is now getting on with that. paul: theresa may is in new delhi to lay the groundwork for a post-brexit trade deal. she's joined by 30 business leaders. the u.k. cannot open formal trade negotiations and tell it has started proceedings to leave the eu. they will use talks with prime minister narendra modi to explore what a future relationship might look like. sources told bloomberg that the wanted to boost the dividend. spokesman says the information does not provide a complete picture. two former aides to south

let's get the latest from paul allen in sydney. how bad is the damage? paul: pretty bad. see agers out of the worst hit area, but one person died in a ski resort town where you see that picture of the homestead that has collapsed. but that is also where the main transport route hugs the coast and the aerial pictures from their show a scene a fairly impressive devastation. that is going to take some time to clear. there was a business due to ship china tons of crayfish to but that is not going to be going anywhere. impassable, said the airport can no longer be reached. the interisland ferry service which connect the south island to the north has been suspended as well. impactwhat has been the and c of wellington? -- the impact in the city of wellington? paul: there was a lot of damage their which is surprising because it was further from the christchurch. there was a masonry broke and some homes and hotels have been evacuated and houses parliament have been open to take some of those evacuees to work. tendquakes in wellington to not up the stomach because there are a serie

-- from paul allen.ees have been detained and now they had if formally arrested. -- they had been formally arrested. their situation got a lot more bleak. the head of crowds international vip program just happened to be in the country when the officers of crown got rated in mid-november. these 16 employees were rounded up. there were a few more. it was a fourth australian involved. and --e was a fourth austrailian involved. end of this arrest period whichthe grace period in early release can be negotiated is now closed. >> do we know what the charges are, exactly? don't. we may not for some time. what will happen now is the police will continue investigating this case. these people have been arrested may not stay in custody for six months or more while the police gather the facts. formal drivers are not going to be known until the police and the case to the prosecutors. it will be a very long, drawnout process. quite an unnerving one for those employees being held in china. but the whole thing has been o

rishaad: paul allen for us in sydney.di: take a look at what the yen rally has done. ♪ investors are pricing in a victory for hillary clinton after one of the most divisive president of campaigns in recent memory. the final bloomberg poll shows clinton leading donald trump 44%-40 1%. -- 41%. china has called on the international community to support its ruling banning anyone who supports independence from hong kong from holding public office. hong kong lawyers signed a protest march on tuesday. south korean prosecutors have visited samsung headquarters as part of investigations into the president's influence scandal. given $3 million. he was formally arrested last week on charges of attempted fraud and abuse of authority. year into bonuses for wall -- year endrs are bonuses for wall street bankers are expected to shrink this year. they may fall as much as 10%. bankiggest investment a second quarter of fixed-income trading gains. global news 24 hours a day powered by over 2600 journalists and analysts in more than 120 coun

paul allen has the markets. paul: new zealand up and running on the last day of the weekend.out 1/10 of 1% right now. we are also expecting declines on the asa except the open up about half a percent. nikkei futures looking pretty flat at the moment. some are earnings out of japan. contacthi, suzuki, to to name a few. it might be worth keeping an eye on the australian dollar today as well. it has been steadily creeping up over the past few months. we had the reserve bank of australia releasing its quarterly statements on monetary policy. that will contain a few updated outlooks for growth and inflation. we also have retail sales out for september. over in singapore, it will be worth watching singapore airlines today. after the close yesterday, singapore air announcing a slump in profits on excess capacity and aggressive pricing waiting on that result. more from bloomberg technology, next. ♪ brad: this is "bloomberg technology." the chicago cubs had an epic win in game seven of the world series to end their 108 year drought. the team wasn't the only one who hit a home run. fox

paul allen keeping an ion those crown resorts employees. >>.economy and growth? we will discuss that, up next. this is bloomberg. ♪ >> welcome back. this is "bloomberg markets: asia." i am haidi lun. >> a quick check of the latest business flash headlines. international to take a , giving the stake group 17% of banko commercial, and says it intends to raise that holding to 30% in the future. has been on a buying spree, picking up club med and cirque du soleil. on a haltin boral over news it is buying headwaters for $1.8 billion. it will pay a premium of 21% over the friday close and is selling shares to fund the deal. that is expected to close next year. ,> growth in thailand slowed putting pressure on the government to raise spending. gdp expanded 32 -- 3.2%. the prime minister has pledged to boost infrastructure, launching short-term stimulus measures, including help for farmers. >> let's get back to our group chat. lovely to have you here in hong kong. we spoke about global trade, protectionism, and donald trump china front and center. ?hat

paul allen in sydney. haidi: a new superstar in asia's financial world.lking about high-frequency trading. sherry and has the story. why is it popular at the moment? shery: it's not great for traders. tradingks are cutting jobs in asia, then comes high-frequency traders, and they are expanding in asia. in the u.s., europe, these firms have taken over traditional banking roles from big banks. expanding in asia. take a look at this chart which trading, rise of algo making up more than 30% of trades in the region. it is less than the u.s. or , 66% in the u.s., 44% in europe, but still huge growth. ok, the trouble is that this is a burgeoning business in this part of the world. how has it been received? shery: it is. it has its own risks. depending on what country you're talking about, the reception has been mixed. in china, there has been a crackdown on high-frequency traders. in india, some brokers are asking authorities to his low down computer trading. india is the developing world's biggest electronic trading market. then you have country such as singapo

paul allen in sydney. that is what we have at the moment.d have a premarket auction price for the hang seng, having a look at that. indeed, we don't have it just yet. yes, we do. down by .3%. more coming up. this is "bloomberg markets: asia." ♪ rishaad: you are back now. the pc industry revenues fell for a fourth straight quarter, shipments slid. we are looking at the gloom and doom, the global pc market. reflected ining lenovo's results. you will see quarterly profit did beat estimates. net income at 157 million dollars instead of $87 million. revenue beating slightly, but still dropping 8%. thatroblem here though is they mostly be because they had a gain from property sales, a huge gain of more than $200 million. this is not the first time this is happened. straight second quarter that lenovo has unloaded real estate, so they acknowledged they have tough conditions ahead. when they announced financial results, they said the market conditions could remain tough in the short-term. the company is investing to drive long-term growth. marketow

in sydney i am joined by paul allen for look at the markets. good morning. paul: good morning.o a bright start after 35 minutes of trading, up two thirds of 1%. of the energyll stocks leading the gains, beach sandozand send us a -- up. ore's steepest decline since march. up tinto showing some gains two percent after announcing the plan to charge a premium. this is the world most traded iron ore product. data out of on china. growth.owing signs of bloomberg technology next. ♪ this is bloomberg technology. i am emily chang. technology is like -- t echnologies are seen as innovative. is the tech industry's lack of empathy a real issue? if so, how much will that miscalculation cost the industry? now, great to have you back here. you open to the piece talking about the quiet and depression that has swept silicon valley since the election. what do you mean? that in thel aftermath of the election, the response from silicon valley was , we could have done more or we could have given more money. there was a lot of sense of self-righteousness about as if we did not do enough. the point o

my colleague paul allen has a look at the markets. good morning. paul: good morning, mark.ake a look at the nsx, trading for 35 minutes so far. not too much happening in terms of gains. media stocks are doing ok. was out this morning with first-half earnings, $144 million there. bhp builders and the big miners holding its agm in brisbane. take a look at the other big mining stocks in australia, rio tinto in positive territory after a week start. and is after the energy minerals chief alan davies -- this is in relation to payments of $10.5 million to a consultant in connection with securing of the development of an iron ore mine in guinea. nikkei futures expected to be flat as well. 52%d-quarter revenue rose to almost $6 billion and locally here in australia, watch the australian dollar. unemployment figures due out in a little under an hour's time, due to show a rise to 5.7%. more "bloomberg technology" next. ♪ emily: "bloomberg technology this is "bloomberg technology " -- this is "bloomberg tech." thember, net neutrality is idea that internet service providers can't creat

i am joined by bloomberg's paul allen with a look at the market. good morning. od morning, christine. i.s. x has been trading for about 35 minutes now. of 1%off by about 1/five at the moment. it is the resources feeling the heat right now. five days of gains. down about 4.5% overnight. take a look at fortescue metal, one of the worst performers, down 3.5% right now. have a look at arden leisure as well, off about by half a percent as well. this is after news that it plans to reopen its dreamworld leisure park on december 10. this is after four people were in october on the thunder river rapids ride. it books no revenue for the month of november and a one-time charge of $1.5 million. nikkei futures looking next. we are waiting on industrial production numbers for october, expected to come in flat to give us a figure of -1.3% on year. up ever so slightly after 90 minutes of trade. "bloomberg technology" is next. ♪ ♪ this is "bloomberg technology." ." energy thising on week. first up is solar. there has been endless speculation on what the future of solar energy wil

saying --data rishaad: right, let's get over to sydni and paul allen, who has the latest first word news. thanks. asian stocks have followed wall street's tech line as anxiety mounts ahead of the u.s. elections. polls continue to narrow with the latest survey putting donald 45%, within 46% to the margin of error. democrats have again question the fbi's timing over the release of bill clinton's 2001 part in. valley has confirmed that is in discussions to sell its salix unit. haswall street journal indicated there is one other potential company interested in the unit. 's speeding ahead and a stalling u.s. auto market. the addition of an suv and compact sedan has drawn new, younger customers to the brand. hassouth korean president named a new prime minister and finance chief as she seeks to restore confidence and her administration. an influence peddling scandal involving a close friend has sent her approval tumbling. minister was a former advisor. minister -- global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. rishaad

our own paul allen in sydney. up next, images everything.ing a $5 billion price tag on beauty. you're watching bloomberg. ♪ rishaad: you are back with "bloomberg markets: asia". i am rishaad salamat. maker for a parts $500 million. the japanese automaker looks to spin off less important businesses. the amount will be deducted from the value. cal sonic surging. wang jianlin is still in talks with takeover targets for a listing for its property division. one droppedue after out. tougher scrutiny and a regulatory backlog have delayed the release thing effort. disney embarks on a 1.4 billion dollar expansion, adding two attractions and the dining area based on the "frozen" movie. the six-year project starts in 2018 and comes after the park posted a loss last year. disney is hoping visitors will spend more and stay overnight. packard may introduce cost cuts after announcing a disappointing profit forecast. packard and its spinoff came out with numbers after the bell tuesday, a mixed report from these companies, the stocks swinging between gains a

sidney.iday morning in paul allen has a look at the markets. >> good morning.ff to a reasonably good start here. 4/10 ofx up for about 1%. the leaders are a bit of a mixed group. software company, up 8%.st also retailer meyer and a couple well as well.oing gold stocks weighing in on the index. overnight,weakened dipping below 74 cents. underssie also came pressure after a disappointing unemployment figure. 5.6% looked rate of good, but fewer jobs than expected were created. the index up a third of 1%. futures also looking positive. news out of japan in the next couple of airs. airbus due to hold a press conference. toy may be getting ready order jets from airbus. october property prices due to be released as well. that's just some of what we're pacific around the asia today. more from "bloomberg technology" next. ♪ >> this is "bloomberg technology." i'm emily chang. ahead of the u.s. election, toestors have been beginning hit pause. in the v.c. world, both the value and number of deals slowed in the third quarter. that hesitation could spill over into the rest

let's go to paul allen in sydney right now. what reasons do the rba give?tion is very much top of mind at the moment. been proceeded by week inflation. last week, we had third quarter cpi which showed improvement to 1.3%. it did not file in with what the governor has been saying recently. inflation matters which are words which made to find them. the rba expects inflation to remain low for some time. there is some willingness of the reserve bank to tolerate inflation. in that respect, 22 of the 28 economists got it completely right. the reserve bank said holding the rate was consistent with sustainable growth and achieving that inflation title at the time. angie? manus: i will pick it up from here. aussieking at the dollar. what did they have to say about the currency? paul: well, there used to be a day when the currency would feature very loud and proud in rba statements. those days have passed so the language has been different. the reserve bank saying the lower exchange rate has helped the sector but it could complicate the economy making adjustments. we

by paul allen with a look at the markets. good morning. aul: good morning, courtney. off a little more than 2%, on reports that craft will put its proposed merger of international assets on hold. there are reports the arrest of 16 employees in china is a factor in this decision. aboutre price pushed back $80 overnight, the highest level since october 2014. on therth keeping an eye iron ore space, particularly rio tinto. .3% onat the moment off reports there have been talks to sell a billion dollars worth of australian coal assets. rio is being looked at by the european -- u.s. security and exchange commission. a little bit of data out of japan, the jobless rate expected .o stay on hold more from bloomberg technology, next. ♪ emily: president-elect trump campaigned on the promise of jobs. we know there is already significant demand for tech workers. in 2015, there were 500 rows and unfilled computing jobs in the united states and only 40,000 new computer science graduates to fill them, according to her report. still with us, david kirkpatrick and are bloomberg exhibiti

. >> i am paul allen with the latest first word news. -- a new finance chief as she seeks to restoredence in the influence scandal. prosecutors talk about the close friend at the center of the allegations. she was an advisor to the former president. the commission chief becomes finance minister. the qed jumped after australia's jobless rate fell in the third quarter. employment increased 1.4%, almost three times the gain economists expected. ending the easing cycle. labor markets could help the governor grandma with inflation, back to the middle of his 1% to 3% range. the group continues a search for its new chairman. brand -- sales in october more than tripled while other automakers saw declines. the addition of an suv and compact sedan has drawn new, younger customers to the brand. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. >> i am shery ahn, checking the markets. the sentiment has been, investors flocking to safe havens. the dollar-yen up. slumped in the morning session ahead of the holiday in japan

let's head over to city and joined paul allen. med reince priebus as his chief of staff. chairman of the rnc and his nomination is expected to bring donald trump closer to the party leadership. donald trump named his campaign ceo stephen bannon from the right-wing website breitbart news as his chief strategist and senior counselor. may beorean president the country's first leader to be questioned in office as an influence peddling scandal makes impeachment a possibility. investigation includes aids and executives of leading companies. protests have grown since park apologized and there is growing pressure on her to quit. stockaland's dollar and index of recovered after a powerful earthquake killed two people and caused widespread damage. magnitude 7.5 quake struck just after midnight local time in northern christchurch. it has been followed by hundreds of aftershocks. businesses are closed in christchurch and wellington. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this i

. >> you have these guys like steve jobs and steve wozniak and bill gates and paul allen who had been messing around on the edges of what would become the personal computer industry but no one in corporate america and no one in most of the homes of america thought that the personal computer was anything that would ever have -- would ever even happen, let alone have any relevance to them. >> for all of us, the computer revolution was really exciting. it was like wow, this is wide open. it was a group of people who want to make a change in the world. eventually, the two forces in silicon valley, the hobbyists and the buttoned-down business guys, ended up coming together when the chip makers realized that these things the hobbyists were doing could lead to this whole new kind of product called the personal computer. >> it was at a home brewed computer club where steve wozniak and steve jobs first displayed the computer they had been networking on and it caused a sensation. >> we had absolutely no idea what people were going to do with these things when we started out. matter of fact, the

paul allen the head of microsoft has a nice big plane. but usually when you move to a new job you don't get to upsize your plane either. he gets to move up from a 757 to a 747. president bush said that's one of the things he misses most about not being president is the 747, air force one. jenna: i guess you can understand that. jon: i would miss it in a big way. jenna: you can see that video there were those on the side sleuthing and waving. that must have been quite a moment from inside the plane to witness that. and the new real station things have changed. jon: remember these days. most pollsters had hillary clinton winning the election by a landslide. take a look at sabato's crystal ball. their prediction was clinton would amass 322 electoral votes. in reality she ended up with 100 fewer. here is the final headline of the crystal ball. "mea culpa." the managing editor of sabato's crystal ball at university of virginia's center for politics. i devoured your book several times why ohio picks the president. once again ohio was on the sid

let's get over to paul allen in sydney. what are we talking about and what that mean?w a little bit. that was viewed as a first step ahead. the views are creating a pan but itian merger would've been worth $4.5 billion. it has hired advisers to prepare but it is not the first time since these two companies. this news has had a pretty and it is a lot better than 3%. is almost up 1% but if you analyst views are coming in as well. it but itould appease does warn that it could be a difficult fight because of the size. >> thank you so much paul. that is it from us with plenty more still to come. sherry, i wanted to leave you since we're going from black friday sales to cyber monday sales. guess what the most-watched deal is? it is the mermaid tail blanket. it is apparently the hottest items that people are looking at. wake up to this and are their christmas tree. like it you can actually wear as a jacket. i love it. who would have thought? thank you for watching. up next, we are counting down to several market opens. the nikkei goes down for the moment. this is bloomberg. ♪

paul allen in sydney. osun on a global acquisition spree.r and chairman about the concerns over leverage and comparisons with warren buffett and his company berkshire hathaway. i am overrsonal note, 40, but he is over 80. as institutions, we are a younger company, so it is pointless to compare ourselves, however, we can learn from him and look at what he was doing 30-40 years ago. fosun will follow its own strategy one step at a time. >> you have said you would deleverage in 2016, but by june, we had seen the net debt to equity was higher than december, so my question is, why is that and does it add pressure on the company to spin off some of your assets? with leverage ratios, lower isn't necessarily better. current levels suit fosun. our strategy is maintaining reasonable leverage and reducing financing costs and matching assets with liabilities. our borrowing costs have declined substantially. in terms of liabilities, the proportion of short-term debt will decrease in a while long-term debt will increase. divert, we will financing to domes

let's get over to paul allen. who are we talking about and what does it mean?e to be a new plan. tabcorp secured a 10% stake in tatts last week to head off anyone else, the first step into this $4.5 billion planned merger thaten tabcorp and tatts would create this pan-or strain betting company to take on competitors like william hill and ladbrokes, and it is ladbrokes that seems to be crashing this party. ladbrokes is hiring advisers to prepare an offer for tabcorp. ladbrokes tried this three years ago, a joint venture with tabcorp. that got knocked back. tabcorp up 2.3% right now. tatts also up. there has been analysis in the past few hours. couldport saying this bid appease the competition regulator in australia that might otherwise had concerns about that all-austrian tire. citi also thinks this may be an "difficult bite." >> thank you for that. is early days for big data in china, but economists think it could reshape the way economists view the second world largest economy. thatff, which countries companies are generating this data, and what are they doing

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paul plane crashed. >> one person is dead. kpix 5's allen martin is live in the newsroom with the very latest. allen. >> reporter: what we know is this plane crash happened at about 11:15 this morning. san mateo county fire and san mateo county sheriff's units are all responding to this as is the coroner because one person is confirmed dead. it happened just north of half moon bay airport. it's the lost beach area which is to the north of half moon bay. the airport borders right up against this residential neighborhood. and you can see from chopper 5 that's one of the homes that borders the airport. the plane came down clipped a truck then went into the trees and then you can see the tail section of this small plane because it came in and hit this home. there is substantial damage to the home. two people were on this small plane. one person confirmed dead, another person apparently was trapped in the wreckage had to be rescued. don't know if they are out. we don't have the extent of their injuries yet but chopper 5 giving us a good sense of how that plane came into the corner of the home and n

paradise lost," one of two volumes he took to klondike with them, as well as robert browning, edgar allen paul -- oh, frank norris, edith wharton, and yes, roger kipling. "i had never written the way i did had kipling never been in early reviews of his story, but london was no mere imitator. he initially had difficult time getting his work published. among the problems was the literary climate of the times. the literary climate at the beginning of london's career was divided between the well-established literary east, centered first in boston and new york, and the roughneck west. i london's day, influenced by darwin and the emerging science began topology, many worry about the emerging west becoming too soft and over civilized. a culture of mollycoddle's, instead of red bloods, as roosevelt put it. hadad become overcome -- he overcome a sickly childhood. as roosevelt showed in his own book, such as the winning of the west, the time was right for literature to follow suit. when london began his career, however, florid historical romances such as when knighthood was in flower, and the genteel re

paul, please welcome podiatric surgeon dr. allen selner and co-hosts mimi umidon and stuart pankin. [cheers and applause] >> stuart: hello, twin cities! wow! >> mimi: and you all have walkfits in your shoes, right? [louder cheers] yeah, whoo! >> you know, it really is walkfit orthotics, people just like many of you and you at home who had foot pain and foot-related pain. we're talking leg cramps, aching knees and hips, lower back pain, and it all began with their feet. walkfit orthotics went into their shoes, straightened out their feet and the other problems went away too. >> stu, you've heard me say this for years: it's alignment, alignment, alignment. you align your feet and you help align your whole body. you know, as a doctor, it is so gratifying to hear from so many patie lives have been dramatically affected by wearing walkfits. they're up, they're out, they're golfing, walking, shopping, doing whatever they want to do pain-free. >> but you're probably all wondering what we're doing here at the mall of america. well, we have a couple of big announcements to make and what bett

allen with more from madison. >> reporter: the fifth quarter celebrating the badgers winning the 13th time in a row, they keep paul bunyan's axe from minnesota. >> the legendary speech came from liam. he grabbed the axe. he goes, it doesn't matter the outside noise. who cares about senior night. who cares about big 10 west. it's only about this axe. >> when we first walked in there right before the team came together, i just wanted to say a couple of things. obviously, being my last game, to me. if not now, then never. i had to say something. >> he had the axe in one hand. he was rallying us up a little bit. it got us going. he's a pretty soft-spoken guy. when a guy like that speaks up, it does a lot of things for us and it got us going. >> offensively and defensively and special team wise, we're not playing of how we're capable of playing. when we came back out, our job was to do the best we could as far as on each side of the ball and get us back into the game and win it. >> reporter: the celebration continues here in madison especially because the series of minn each team with 59 wins, eight ties. the first tim

liz: senator allen, i don't want to ignore the house. speaker paulore all this drama began that he wants to be in it to win it and he would very much stay speaker. how would that work if donald trump is president because he and donald trump haven't exactly gotten along on certain issues. >> are you asking me? liz: george. >> go ahead, george. >> i think that would be a nice problem from my perspective to have. i think what they would find is areas of agreement. i think they both awe need to reform tax code for businesses. both of them would agree, i would hope on bipartisan basis we rethink all the burdens of regulatory red red. i think there is possibility of bipartisan work on infrastructure in this country. granted they will have some differences but i do think, what the american people want, and people who have supported trump, maybe simply a vehicle to express their outrage or dismay or aggravation or being left behind, there needs to be action in washington. get connected with people who worry about opportunities and opportunities for their chi

paul pierce missed the clippers game with a sprained ankle. he was on the bench dressed up like rick james. talk about a freaky scene right there. >>> and ray allen hasn't played in a few years but announced his retirement. >>> the cbs evening news is coming up next at 6:30. >> and scott pelley joining us live from cleveland with a preview. scott-- >> great to be with you boston. the reason we're in cleveland tonight is because the state of ohio nearly always picks the president in this country but it is tonight the most evenly divided state between clinton and trump in all of the union. we'll be listening to ohio voters, their hopes and frustrations, coming up on the cbs evening news in about 10 minutes. >>> all aboard. >>> snap chat, facebook, instagram, texting. all the stuff we never grew up with. one media expert says there's a happy median. how to bridge the digital divide with your kids. massachusetts has many great public schools, and we took it for granted that our kids would go to great public schools. but some kids aren't so lucky. where they live, they don't go to a great school, and they have no choice. and are a pathway to success f

allen. nice embiid had 25 points, seven rebounds amazing game by the big man. here we go eight seconds left sixers up by four. paul teeing heaves it up and gets this the sixers get their first win of the season. >> yay! isn't 109-105. got to love it. when it comes to the eagles number one running back darrin sproles the saying age ain't nothing but a number hits home. that's easy for us to say we're sitting on the couch on sundays. the secret to sproles success is pretty easy. practice makes perfect. >> if you don't practice fast, you can learn bad habits, and for him it's always about practice and fast and so he doesn't have bad habits that way, and it all stems in practice and that's from a seasonalled veteran played lot of football in the national football league. >> big one on sunday for sure. it's the beginning of special week in toronto. the hockey haul of fame inducts former flyers great eric lindh degrees on monday before that takes place the flyers and maple leaf lace them up for the hockey haul of fame game this evening. north of the border we go t dot as the kids like to say flyers down one on the power

allen and cooper, the ausa is handling the prosecution. and supervisors from our securities and commodities unit, tim caculas and cyber crime unit paul krygier and edward kim. let me spend a couple of minutes describing the scheme in more detail. so in january 2013 tanner worked with davenport to help set up philidor, a specialty pharmacist whose principal business was to sell drugs manufactured by valeant. as i mentioned tanner worked with davenport to build up philidor but sometimes at the expense of valeant. although tanner was directed to diversify relationships with multiple specialty pharmacies he instead pushed hundreds of millions of dollars of valeant business exclusively to philidor. and as we intend to prove, he did it for the eventual $10 million kickback. here is how the kickback works. in 2014, just a year after philidor was created, tanner pushed for and succeeded in getting -- >> all right. we're clearly having a technical issue there. we'll take you back as the u.s. attorney for the southern district of new york, preet b r bharara lays out a kickback scheme involving valeant and the specialty pharmaceutical company philidor.

allen has not played since 2014 and he did consider making a comeback this year. he retires having made more three pointers than anybody in nba history. of the new big three, paul pierce is active. he will retire after this season. kevin garnett announced his retirement in september. >>> making a swing through florida facing the panthers down south. sweet move to beat robert luongo. never trailed. how about a shorty, down a man, dominic steele and watch a goal even though it doesn't look like that. the puck kind of trickles over the goal line. good enough and bruins take a 2-1 lead. a little brouhaha. story krug hit high by shane harper as he is going down. adam mccoy steps in for season after the 2-1 win. tuukka rask 33 saves for the bs. they play in tampa tomorrow night. >>> boston's award-winning nroyr bakery and cafe have their eyes set on a new home. a 7th location on dalton street in the back bay. will be of a new luxury apartment building set to open in the spring. all part of flowers recent event to expand their brand. they plan to open two new near the prudential center. i am starving just thinking of it. >> gene: bring some this way. >> sara: ah, so g

allen's. that's not with the political elites in europe did. tom: i know you want to jump in here. paulss unemployment. unemployment, especially young people. is --many, unemployment we do have a strategy where we lower taxation of the top incomes. we are creating the perception that the system is mainly for the very rich. we have to turn that around. samennot have the government that creates even more benefits. simon: i simply don't buy that. if you look at the insatisfaction in europe particular, it's not about the rich and poor. i think it's about the political elite, brussels being out of touch. iconic work, this is critical. you did original work on greece and portugal and the need for clear markets. the elite did not clear those markets. is that the necessary condition to get on from this populism? simon: europe has been identified as the instrument of globalization. structuralgenda was reform and flexibility which means we will lower unemployment and if it's. the trend has been to lower taxation on the high income people and to -- people have this perception from brussels that it