paul kedrosky, i do listen to you.ughter] thank you very much. >> i know. >> coming up, new smart watches, all kinds of stuff. report from google i/o coming up next. ♪ is 26 minutes after the hour. bloomberg tv is on the markets. i'm julie hyman. take a look at where stocks are trading today. we see a little bit of a rally overall for markets today. a look at some individual stocks as well. general mills is one. the results still missed analysts's demise. the company said it started a review of its north american manufacturing and distribution. we will have more on the markets in the next hour. ♪ >> you are watching "bloomberg west." i'm cory johnson, in for emily chang. i want to get to google. the new version of android software for smart phones, other devices being discussed in san francisco. wherelichman is live google i/o is taking place. the ceo of ever note and paul kedrosky still with us. what is the biggest thing you have seen come out of the conference today. >> it is still ongoing. the improvements to androi

back with us is paul kedrosky.rony here is that you talk about how great prime was but he didn't give any numbers on how many people use amazon prime. >> somebody is going to have to shake bezos to get some answers. i think you can walk away with some interesting positioning in the living room. a lot of people of talk about this phone as a standalone devise. yet, the power of prime plays to the living room story of what this could be. if they get a few people to buy this phone who are already using prime or sign up for prime and then they realize that it is fairly easy to shift in your home from the small screen to the big screen if you own fire tv, maybe they go out and buy that and see the experience you enjoy with prime by owning something like that. if you don't understand it they have the call center basically waiting by with mayday. there are people who are going to sign up for prime because of what amazon is doing. amazon walks away a winner on prime subscribers. we don't how many there are but that is the b

paul kedrosky joins me. i went snowboarding this winter, and i was amazed at how many people were writing with these go pros. >> it is stunning. the thing that is changed over the last 2-3 years, the go pro phenomenon is not new. what's new is people having 2-3 at once. you will see someone have one board to their board, mounted to their chest him on top of their head. you have people who used to be an owner, suddenly have four or five of them for a single i david e. that is a remarkable shift. >> it is fairly amazing. i have been on so many shoots, we had go pros out in the water. i presume the ocean is littered with tens of thousands of lost go pros. while this is a startup, it is a profitable business with high gross margins. >> it is. it has been under threat were people have been saying since the beginning this is nothing sony couldn't do. whether it is another start up or a well-established vendor, there has always been this threat the margins would contract in the business would disappear because some

paul kedrosky, thank you. have left twitter this week. what does it mean for the future of the company? we have george zachary with us next on "bloomberg west." you can watch us on bloomberg.com, apple tv, and amazon fire tv. ♪ >> i am emily chang. this is "bloomberg west." been busy, after sending her first memo to employees where she outlined her vision for the company's future. she has made her first official appearance to eating a photo to celebrate the opening of the herd retail location -- of the third retail location in tokyo. executive exodus at twitter? just after ali rowghani resigned, chloe sladden also announced her departure coming weeks after the former vp of product michael and senior vice president of engineering to me. joining me now is an early investor, george zachary. george, what is going on? >> good question. i am not involved in the day-to-day business of twitter. i really don't know. is focusing the company and growth. it was small because growth was distributed across business units. he is basically centralizing g

paul kedrosky, thank you for joining us. what is your take on this deal? >> it's a great deal, especially if you are an opentable shareholder. you did not get quite back to your price, but 40% plus bump on the trading price is a pretty fair purchase premium. i like that part of it. the thing that is most surprising to me as it did not happen a long time ago. opentable sits out there in the front end of the travel entertainment marketplace. these properties will not be stand alone for long. there's going to be more of this. >> would you agree? >> i agree with paul, as would any other opentable shareholder, it's great for them. this is one of the few companies that could acquire opentable and expand its market. it is one of the problems with opentable, if you need a restaurant reservation in san francisco or new york or where paul is, you might need some help getting one. if you live in des moines, charleston, it is not as hard to get a restaurant reservation. in europe, where opentable could see big opportunities, priceline has had a lot of success opening

and joining us is bloomberg contributing editor paul kedrosky and bill gurley. i started by asking bill his take on the ruling. >> i think from the very beginning it was going to end up in the court system. >> it was designed for that. >> it really was. the bottome line, whethere you're looking at big media out of hollyword or any type of telecommunication threat, whatsoever, you have two large institutional masses that know how to litigate and lobby and win those types of battles. if you go headstrong into either one of those trying to disrupt, you're going to end up in the courts, absolutely. >> you have this big investment in uber. surely you guys have thought about it from the very beginning this is going to run into commission kind of issues. >> there is something very different about municipal regulations and federal regulations. in municipal regulation, it is very easy for a mayor, a city council to stand up and say you know what? those laws may be outdated. maybe we should revisit them and rewrite them. that has happened in d.c., chicago, new york, calif

stone, author of "the everything store: jeff bezos and the age of amazon," and from san diego, paul kedrosky, the managing partner at venture firm s.k. ventures and bloomberg contributing editor. i started by asking joe what he thought of the phone. >> i mean, this is a phone that is going to help you buy stuff. the coolest feature to me was firefly. this button you push on the side and you can look at anything. it will say oh, we sell that. here is how to buy it. it indexes what you look at because it maps it out with its camera and looks it up an amazon.com, which, as brad will tell you, is the everything store. >> i already buy a bunch of stuff on amazon. do i want phone that makes me spend more money on amazon? >> how will small retailers feel when they see you buying stuff online instead of in the physical retail space they have paid for. look, the phone is neat. kudos to amazon for one, getting it out the door after five years of development and two, coming out with something a little bit new with that screen that cory talked about with the firefly app. it is priced very conventionally

paul kedrosky, venture capitalist. we are back in two minutes. ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle. >> welcome back. you are watching "market makers" on bloomberg television. i'm erik schatzker. stephanie is on assignment today. top business the stories around the world. in is selling 81% stake outdoor america, the billboard company. cbs split off from the parent company this year and plans to convert it to a real estate trust. airbus has had its biggest order camp -- cancellation ever. price for that order, $16 billion. emirates is one of the biggest customers for the boeing 737. a new bloomberg national poll, 62% of those we surveyed said they would pay more for energy if it means less pollution. and more with support a candidate who is willing to address the issue. u.s. stocks are in the middle of theve year bull market, to surprise of many investors who were certain that this would be the year that interest rates rose. the bond market, o

also, pocket drops being -- paul kedrosky. think they were surprised by what happened today? they clearly felt very strongly that they were not doing something that was not correct. they spent a lot of time on building this technology to make sure that wasn't the case in their perspective. the broadcasters thought that from the beginning, they were creating technology that would ultimate thing broadcasters want, to get paid. at the end of the day you have two sets of businesses, each with their own focus and agenda. each which wasn't sure where ofs would go if either one them lost. aereo had to understand that this was a great possibility. their business was frozen, essentially, as they waited for the ruling. >> what is your take on the decision? one is, there is the baroque lengths that the broadcasting companies force you to go to to use their own products. over the air hd already exist. it doesn't work properly is a feature, not a bug. i don't want it to work properly. if it didn't then it would cut into their business to provide through cable channels. it only to be easil

and joining us is bloomberg contributing editor paul kedrosky. his ted by asking bill take. >> from the very beginning it was going to end up in the court system. any type of telecommunication threat, whatsoever, you have two large institutional masses that know how the litigate and lobby and win those types of battles. if you go head-strong into either one of those trying to disrupt, you're going to end up in the courts, absolutely. >> you have this big investment in uber. surely you guys have thought about it from the very beginning this is going to run into the commission kind of issues. >> there is something very ifferent about municipal regulations and federal regulation. in municipal regulation, it is very easy for a mayor, a city council to stand up and say you know what? those laws may be outdated. maybe we should revisit them and rewrite them. that has happened in d.c., california, colorado. that is much harder on a federal level. we tend to have these laws that have existed for 200 years and the supreme court tries to retrofit them. it

kedrosky from san diego. andeat roundtable with paul victor anthony from topeka capital markets. special "bloomberg west" with live coverage of the announcement, 1:00 p.m. eastern time, 10:00 a.m. pacific. let's take you back to washington with an update on the contentious hearing taking place with general motors ceo mary barra under fire by house lawmakers. matt miller, you have seen him already this morning, he is there. we need to draw attention to this. this is not tooting our own horn. this is real. "bloomberg businessweek" is in the news -- it sounds as if a cover story on the general motors in "bloomberg businessweek," is providing all ammunition a lot of when it comes to the questions they are asking mary barra. >> it is definitely helping as far as context because one of the main issues at this hearing, same as as -- same as at the first hearing, no one can quite get his or her head around how this could have possibly happened without senior executives finding out. the bloomberg businessweek story that talks about the culture of what happens to whistleblowers at general