plus, peter thiel is in berlin for a big conference on europe positive digital transformation. president obama makes an appearance on "the ellen de generes show." he was pushing the enrollment deadline which is march 31. it did not seem like ellen wanted to talk business. >> i broke your retweet record. >> i thought it was a cheap stunt. a bunch of celebrities in the background. ? >> this is "lunch money." you can check us out on your smart phone and we are also on apple tv. russia's lower house of parliament has ratified the treaty signed by vladimir putin. ukraine is withdrawing troops from the region plus the prime minister of the region is warning. >> is crystal clear russian authorities will try to move further and escalate the situation in southeastern ukraine, but we still maintain control and still preserve stability in this region. >> he is in a meeting with brussels. he is expected to sign a political accord with the eu tomorrow. >> started with the [indiscernible] people have that dream. this is the first step to execute the dream. the dream for a better life, the dr

we will hear from billionaire investor peter thiel. plus, good breeding can cost a pretty penny.e will go behind the scenes at london's exclusive thoroughbred auction house coming up. ♪ are gatheredtives in berlin today for summit focused on driving the digital transformation in europe's economy. among them, paypal cofounder peter thiel who sat down with hans nichols to talk about what makes berlin's tech environment unique. >> i think berlin is probably the place where it is most acceptable to try to do something new. say you are an entrepreneur are starting a company, it will not merely say, does not immediately say, why did you fail at your last job? or something like that. which is the question in the background and many other parts of europe. is veryhelps berlin inexpensive. when you start a business, you don't expect to make that much money. there's something about the affordability. i think it has gone to the point where he have this critical mass, which at some point start to jumpstart. it is not quite there yet, but it is close. >> why haven't we seen a big exit or ipo?

here is what paypal cofounder and facebook investor peter thiel had to say about the data collection.oke with hans nichols at the tech summit in berlin this week. >> they probably undermine trust in certain government institutions. i do not think -- it would be hard to admit undermining trust in the internet in general. i have not seen any data that is just that people are buying less from when the snowden revelations came out. >> what about the balkanization of data? there is a lot about cloud in germany. >> my sense is that these things have not yet happened. i think people are disturbed about the intrusiveness across the board. the crazy thing about it is, my sense is we are not dealing with a big brother type state. it was not like the nsa really knew everything that was massively intrusive. it was probably massively incompetent. just a bureaucracy on autopilot that simply collected all the data in the world because it could. i do not think it did much with it. that is probably the other shocking story. there is a civil libertarian critique of the nsa that it was too intrusive. th

mark, last night we spoke with peter thiel.ing we are speaking with one of the companies getting an investment from him. i am here with the cofounder of transfer wise. thank you very much for joining us. why are you in berlin and what do you hope to learn? >> berlin is the fastest-growing city for our users right now. i am here to learn about the market and meet local entrepreneurs. >> transfer wise, tell us what they do. >> it is an online money transfer platform. we help people make international payments. anks are known for offing really poor service at a high cost. >> so let's say i want to send a lot of euros back home to my cousin. how do i do it? >> you open your smartphone, load up the application. cousin's details, your debit card details and off the money goes. >> you were the first employee at skype. what growing pains have you had at your new company? what did you learn from your experience at skype? >> we learned about how to go through the growth of the company. how do you set up the teams, the structure, how do y

that is peter thiel, one of the first backers in facebook.also knows how to pick a company that is off to a good running. he put money in airbnb. now they need deeper pockets. capital,going to tpg the other big capital firms. >> i guess with a lot of these disruptors, regulation is still a problem. it hasn't been properly put in fore, who pays insurance? >> it is very safe in terms of insurance. airbnb has put that in place themselves. the regulatory concern is about the council. is york is saying, it against our rules for you to rent an apartment for less than 30 days with a tenant not there. paris is getting concerned, berlin is getting concerned. how much is this the hotel's lobbying? not the business clientele, you and i are not going on business trips using airbnb even though i'm may look at it in the future. it is mainly those holiday makers who want something more bespoke or far cheaper. this is the area it is disrupting. this is perhaps why governments and councils are wanting maybe a little bit of money. they want some taxation on th

all of that said, peter thiel said the city has a lot going for it. >> it is probably the place whereceptable to try to do something new. if you say that you are an entrepreneur and you are starting a company, people will not say, why did you fail at your last job, why are you so incompetent or something like that. you cannot talk tech in berlin without talking edward snowden and the nsa revelations. is a bit of a libertarian. he said it would not have a lasting effect, but the main take away on the snowden revelations, incompetence. >> people are disturbed about the intrusiveness across the board. it is thething about sense that we are not dealing with a big brother type state with the nsa knowing everything. it was intrusive, but it was massively competent. it was on autopilot that simply come -- collected all of the data in the world because it could. i don't think it did much with it. the best part about doing an interview, he lapses in and out of german. you must love that because you go in and out of speaking german. while he is saying that some of the entrepreneurs are selling

>> last night, i caught up with peter thiel. cofounder of paypal, a german speaker.ught up with him. i asked why would someone invest in berlin? >> berlin is probably the place where it is most acceptable to try to do something new. if you say you are an entrepreneur, people don't immediately say, why did you fail at your last job? the is a question that is background in many other parts of europe. >> another question dominating the tech scene, the political scene as well, the nsa revelations. here of a concern vulcanizing -- all can i think the internet. -- balkanizing the internet. disturbed people are about the intrusiveness across-the-board. ithink the crazy thing about -- my sense is that we are not dealing with a big brother type state. it was not like the nsa really knew everything. it probably was massively incompetent. it was this bureaucracy on autopilot that simply collected all the data in the world because it could. crucially, thiel said he didn't see any evidence that the snowden revelations are slowing down start ups or internet commerce. we will have