bloomberg intelligence's paul sweeney, thank you. google is giving away its artificial intelligence software. that means anyone can download and modify the software that underpins the ai pieces of the google search engine. a new feature such as it smart reply e-mail tool. set the standard on ai and make the system part of its regular tools used by .esearchers microsoft and facebook have made similar moves. coming up, yahoo! is not a place for commitmentphobes. marissa mayer is asking top deputies to make a three to five-your commitment signed in blood. commitment signed in blood. not really. i will have the details next. ♪ cory: the battle for video views on social networks is heating up. the number of videos viewed on snapchat has tripled to -- get this -- 6 billion since may. that's according to "the financial times." facebook began testing a dedicated video page in an attempt to take on google's u2. we sticking with facebook. mark zuckerberg attended the oscars for scientists. zuckerberg helped create this scientific award show wi

paul sweeney has been following a rocky mount for media stocks.revenue slowing again. problems with all of its various, you know, the skinny bondage challenge -- bundle challenge. what we looking for viacom today? >> viacom has been under pressure. the media stocks over the last couple months have been under pressure with concerns about advertising, concerns about -- and v viacom's ground zero. they have had real ratings problems, challenges across a number of the cable networks, which translates into a weaker advertising trend. it is something they have been working through for over a year. the brighter spot for them has been there -- the cable companies are still paying viacom for their cable networks but investors on that score will be looking at a renewal discussion coming up with dish networks. it has 14 million can scrubbers. that will be a make or break these of news -- it has 14 million subscribers. vonnie: this is a binary view. they are all dying or they are not dying at all. slowing?utting to be a is going steady trend. in the second qu

we turn to paul sweeney of bloomberg intelligence who covers disney and media.ose of 3 million espn describe spurs -- subscribers. in percentage terms it is not that much. if netflix where to all of a sudden report the loss of 3 million subscribers, people with panic. paul: you are right. this is news the company disclosed in their june fiscal quarter in august. espn had lost subscribers, causing disney to reduce the profit outlook for espn for the fiscal year. and spooked investors sparked a selloff in media last summer. this news is not new, but seeing 10kn black and white in the was probably jarring for investors. the unbundling of the pay tv bundle is an issue that all media investors and stocks have to deal with going forward. questioningrs are if the pace of the unbundling will be faster or slower than expected. erik: three years from now, we're really be in -- where will we be in cord cutting? paul: it is a reality. there is no denying that. we know that people on the margin are leaving the pay-tv bundle because there are more options. competitors like ne

betty: paul sweeney, good to see.bloomberg television, jpmorgan sending a strong message to bankers and traders. your bonus is not going to be touched. ♪ the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. betty: live from bloomberg world headquarters in manhattan. you are watching bloomberg television. i am betty liu. >> the focus may be on climate change in paris, but also giving leaders a chance to discuss the fight against the islamic state. francois hollande as one support from vladimir putin and the u.s. . the race is on to convert those promises into success against terrorism on the battlefield. the

now for some reaction to this interview, i want to bring in paul sweeney, who is following alibaba today. the ceo of ad is computer intelligence company aimed at chinese women interested in buying luxury goods online. paul, -- all three of us were watching the interview. they have had this stellar day but the stock price is down. sounds a say, jack ma little defensive about the growth because there are questions about their future and stock price. paul: this has been a bumpy ride for alibaba since the ipo. that contributed to the decline in the stock. definitely some issues, some regulatory issues with the government, counterfeit issues that emily addressed. a number of significant issues facing the company, some of which is their own doing. the last quarter, they put up some good numbers, the stock reacted well. looks like they are having a good singles day today. investors are looking for just a theme stability, getting back on board to what is presumably a very good long-term growth story. betty: he says they are in it for the long haul. do not look at the next year but in the next 10

betty: thank you so much, david westin and paul sweeney.re ahead on the bloomberg market day. what it's like to work with steve jobs. inside apple. our activist investors good or bad for companies? we will look at that ongoing debate and janet yellen testifying on capitol hill. the fed chair was questioned about whether fed officials attended bank board meetings. it is conceivable they attended meetings. she was asked about whether the bankers will told not to discuss stress tests. she doubts that was the case. an update on what she is talking about. you can watch her testimony live on bloomberg.com. is -- you asked about the timing of such a move. thatommittee does feel moving in a timely fashion, if the data and outlook justifies such a move, is a prudent thing to do because we will be able to move at a more gradual and measured pace. we fully expect that the economy will evolve in such a way that we can move. ♪ betty: welcome back to bloomberg markets. we are watching the house financial services committee hearing where janet yellen, the

paul sweeney is here with us to discuss.at let's start with cbs -- let's start with cbs. the second quarter, we had a lot of investors and stocks sold off because we had some week embers come out of the cable companies and some negative comments from bob iger and disney that spooked everybody. this quarter seems to be more reassuring and they turn off the of a lostsitting videos of drivers but at a slower rate. we are soaring to see some flow through some of the content coming, the media companies, fox and time warner putting up numbers that are not blowout but at least they are pretty solid across the board. david: -- one of the things that was interesting was that cbs is an advertiser support a company, but it turns out they are approaching 50% of the revenue and we talked about that, let's talk about what they had to tell us. >> our business is the percent advertising. it used to be 70% but we have intentionally brought that number down. you see numbers like that and i've been doing this job a long time and you see cycles

paul sweeney.rlet: coming up in the next hour, what is ahead for energy into 2015 -- into toward the 16? will run down -- into 2016? alix: m and a chatter around health care spaces. how is this transforming the industry? scarlet: investors appear ready to dip their toes back into emerging markets. those stories and more, coming up. ♪ scarlet: it is time for the bloomberg business/. according to people familiar with the matter, if pfizer complete its takeover of allegan, allegan ceo is likely to run the company. saunders would then run the faster growing business of new brand-name drugs. alix: job cuts on the way at the world's fourth-largest your maker. cut. 2000 jobs a 15% reduction. carlsburg is trying to reverse a profit decline. scarlet: airline strike is grounding about 100,000 would be travelers today. upon the -- left-handed germany -- lufthansa germany union leaders are cutting the --rier's efforts to fight carrier's efforts to cut cost. alix: chinese retail sales accelerated in october. th

paul sweeney knows about the sector. he is with bloomberg intelligence.r facebook and the bad news for twitter -- does that continue as a theme today? certainlystors are baking in continued expectations for strong growth. this quarter it is all about the key things -- topline growth, looking for more than 30% revenue growth. is almostle business 80% of their total revenue. i think investors will start saying -- asking management when are you going to start making money off of instagram? i think investors are going to start thinking about the next one to does go to three years and where topline growth will come from. jon: for about 12 months we had a series of acquisitions. do they need to focus on the start they can afford and thinking about things they can buy? paul: when they see holes in their user experience, whether it is anything on the video side , for example, i think they are going to put money to work. they have an unbelievable balance sheet, and if there is a way they can make anything work, they are very confident in their business. i expect t

to bring in paul sweeney. but theyrs are down are down from the seventh level of heaven. do no wrong until recently. >> that's right, espn is by far the most profitable cable network out there charging upwards of six dollars per subscriber per month with premium advertising rates for life sports. issue that the company first highlighted last summer when they said they were starting to lose subscribers. this is real money in terms of affiliate feeds and advertisers. david: they say we are developing new things and new revenues. it's the rough math and $6.5 times 12 months times how many subscribers. >> that thrill money. that's all profit. the affiliate fees are all prophets of that's an issue that caused disney to lower their operating profit guidance over the summer. not only does the but the whole media sector overall it affected. stephanie: we are having a big college football weekend, won't that come back up quickly? >> it will come right back. the affiliate fees will not come back. can they drive their digital business? stephanie: do not bet against espn. we will be

david: paul sweeney hester explained, and we have marty and megan.'t remember the last time there has been this much hype. i feel like they could sell "star wars," toilet paper. marty: it's everywhere. nobody does merchandise arguably better than this way. no one ties that intellectual property better than disney. he always talks about brands. it's not a movie, it's a brand. marvel is a brand, and they extend that brand across all of their properties. merchandise, theme parks. you will see tv shows on the disney channel. stephanie: is this franchise just bulletproof? it is. it was a once-in-a-lifetime opportunity for disney. was going to do a deal with disney. they bought it, either that with marvel and pixar. you can look over the next 10 years at the studio slates, and it is maxed out. binks.two words, jar jar i was serious bullets taken to the franchise. stephanie: could one make the argument that all press is good press? we certainly talked a lot about him. megan: that's true. david: i want to come back to the dealmaking side. whenever you get up