>> that combination has brought big rewards to pixar and parent company disney.'s films have made nearly $8 billion worldwide, breaking box office records. >> they've had success after success after success. it is not a formula you want to tinker with. >> and that formula is simple -- make great movies. >> we are about putting stories in the culture. we are about telling stories.

we like to keep pixar as pixar and marvel as marble. to keep them that way and not let what has been so successful for the walt disney company or so successful for espn wash over them like a tidal wave. buy companies that are already well-run that we think we can access and use further through our data ecosystem. as in terms of the user interface, we like to leave that in place. that has worked extraordinarily well for us. ann pixar, which is eight-year-old acquisition, it is still very much the way it was from a look and feel and way of working that was when we bought it. we don't want to break that area i could say the same thing about marvel and lucasfilm. >> that was disney cfo jay rasulo. we have got the timeline of the social networks public life coming up next. ♪ >> welcome back to the best of "bloomberg west." i am emily chang. facebook just celebrated the second anniversary of its ipo. that was just the beginning of several ups and downs for the social network. we took a look back at their timeline in the public eye. may 18, 20

we like to keep pixar pixar and marvel marvel and so on.like to keep them that way and not use what has been successful for disney or espn2 wash over them like a tidal wave. we buy companies that are already well run and that we can access the ip and move it further through our ecosystem. they user interface and the world and the employees of those organizations, we like to leave that in place. that has worked extraordinarily well for us. pixar was acquired 8 years ago. it still looks and feels the way it does when we bought it. we don't want to break that. >> that was the disney cfo with jon erlichman. twitter is in talks to acquire a music sharing site sound cloud. it has millions of users. twitter is eyeing other music services. my guest joins us with more. what do we know? >> we know these talks are still early stage with sound cloud. twitter is looking for anyone i can help them think about the future of the music strategy. they have their own twitter music app that has been shut down. they have to figure out who to bring on and whethe

and purposes remain pixar, and he thought this could be a safe home. he's nearly 70 years old, he's worth $5 billion and felt his legacy would be okay. >> he was concerned about the franchise. what about fans? are they concerned with what disney will do? >> yes, because you don't buy something for $4 billion and not do something with it. they are doing something next year. they have jj abrahams, the guy you go to to protect the franchises. he's a fan boy hero. we may see something half decent. on the other hand people have to realise that george lucas will not always be arrived or the people at the haffed of lucas film. they'll make as much money off the franchise. >> do you think it will change the franchise of star wars? >> i think it will, in the sense that the head of disney has an obligation to maximise shareholder value. george luke a it's huhs company -- george lucas - it's his company. disney - they'll want to do more star wars and may go outside the par am trs. there'll be those violations. disney doesn't want to destroy the franchise. >> arts

. >>> the mystery of a certain combination of numbers and letters popping up in pixar films has beene than a decade, sharp-eye viewers has spotted the code a113. like this in "toy story," next to woody. it clearly says a113. >> check it out. and "finding nemo," as well. you can see the letter numbers on the scuba diver's camera. >> and in "wall-e." the a113 plays a role as the directive given to the auto to never return to earth. >> so, it turns out it was all an inside joke. a113 is a number of the classroom for the california institute of the arts that produced a long line of alumni, including john lasseter, the chief director at pixar. now, we know. >>> proof this morning that does nay songs are contagious, no matter how tough you are. just ask these marines in texas. ♪ let it go let it go ♪ ♪ i am one with the wind and sky ♪ >> absolutely nobody cares that they cannot carry a tune. it's a heart that counts, of course. what matters is that these likely fans of the hit movie "frozen," are belting out the theme song with enthusiasm of an 8-year-old. way to go, guys. >> they are runn

pixar is owned by disney. >>> confirmation by apple.rmed the report leaked three weeks ago, that it plans to expand the popular itunes service, with the $3 billion purchase of beats electronics. the deal will give apple access to the headphones and its streaming music service. dr. dre and jimmy ivine will take on undisclosed roles for the company. >>> when we come back here tonight, the bay area middle schoolteacher who has his students learning and singing a different tune. abc 7 news at 9:00, back in a moment. >>> a bay area teenager is heading to the semifinals of the scripps spelling bee. he is 1 of 46 semifinalists from across the united states. a 13-year-old from san ramon got knocked out of the competition today. and it was a tough competition. >> p-o-d-o-t-h-e-c-a. >> correct. >> the 46 competitors are all that's left from 281 students who began the week vying for the title of spelling bee champion. the winner will receive more than $33,000 in cash and prizes. the stakes are high. a lot of prestige, as well. the finals will be h

we like to keep ticks are pixar and marble marble -- keep pixar pixar and marvel marvel. let what has been successor will wash over them like a tidal wave because we buy companies that are already well run and we think we can access the i.t. and use it further through our big ecosystem. breathing room but you are buying them, have to keep tonight on them. >> we talk so much about bob iger. >> one of theeo? big things they're working on right now is the shanghai resort. he is one of the players who got the ball rolling on that. not all that common to see to how -- two high-profile people switch jobs. has created a fun parlor game for us. >> thank you. new york ande in bringing us a great interview. come theome back establishment shrinking fast. mainstream republicans pouring millions of dollars into a campaign to fight off tea party candidates. that and a whole lot more when bree returned. you are watching "market makers." stay with us. ♪ >> welcome back to "market makers." today we are seeing three big battles, primary elections in kentucky, mississippi and idaho with inc

why the home was painted to match the pixar movie "up." many neighbors are complaining it's a toxic mess. >>> new video of something you can't see from the ground. our chopper shows a bird's-eye view of apple's new spaceship campus under construction in cupertino. the 2.8 million square foot ring will be the main building with underground parking. it will have a massive fitness center and auditorium and offices and research and development space. construction is expected to be done by 2016. >> amazing to see that aerial shot. >> you can see it coming together. >> like one of those alien circles. >> is it cooling down as we head toward the evening? >> well, not a lot. we've got warm weather out here right now and the cloud cover in san francisco is capping off the heat. currently 90 degrees in downtown. we'll talk more about how long it will last at 6:00. >> thanks for joining us here at 5:00. brian williams is next. >>> on our broadcast tonight, state of emergency, high water rescues as the massive system that spawned all those tornados sl

pixar's international has written seven abby martin stephens i i i i i. i do. if you want stories. you can do changing the world likes me picture. i don't. the book sir. henne has been paid to you. in many of these seats about forty years of age ninety six to five. msf to two thousand i was going on fourteen if i made myself and i was fourteen i wouldn't or so. this of course that person today is the same this will only reduce like a normal work on. it's a well know everything about me. so what did she know these guys could be the same now. will the prosecution. what really makes you will be interesting is the fact that the changeable. you will be the same tomorrow us don't so i try really try to work into credibility in the conduct of life changing no bowling during the ccs so changing opinions of all things but in all circumstance. crowe will last a living person. i believe this one c to twenty years become pope. i fear the cops goal. i can't do that. he said. what is called the views the home. it's no use the b c indian art in another direction and in use them. the same vintage.

we like to keep pixar itself and marvel itself and lucasfilm itself.ke to keep them that way and not let what has been so successful for the walt disney company or what has been successful for espn wash over them like a tidal wave. we buy companies that are already well-run that we think and useccess the ip further through our ecosystem. in terms of the user interface to the world and to the employees of those organizations, we like to leave that in place. that has worked extraordinarily well for us. is almost eight years ago. if you go there, it is very much still the way it was from a look and feel and way of working when we bought it and we don't want to break that. i can say the same thing about marvel and lucasfilm even though it's shorter time. >> that was the disney cfo3 . twitter is in talks to acquire or partner with sound cloud. it allows its more than 250 million users to share and listen to music online. some otherlooking at music services for partnerships including sound hound which is a competitor. we knowmore there it >> that these talks

the pixar movie. >> wal-e. >> i was crying at the end of that movie. >> joe, i want to ask joe. you seem skeptical. robots really want to take over in someways. >> it is not going to work out well for us. first i heard it was japanese scientists i was surprised it wasn't wearing a schoolgirl outfit. i think it was sad with the passive aggressive responses from the robot. i guess i will be all right. sure there is no room for me there? i am kind of small. a guy leaves out the domoarigato mr. roboto. >> i think you change the accent on the robot and it is a jewish mother robot. aisley be fine -- i'll be fine. oh there is no room for me? as long as you are happy i am happy. >> according to a report from the who, the world health organization europe has the 10 drunkest countries on the planet. in a study of the alcohol consumption per person in 194 countries belarus took the top spot. americans drank about 9 a year slightly above the global average of six liters. others in the top 10 drunkest nations include romania, ukraine, hunk re-- hunk reand slow jobing yaw. the average was 6.2

the house was painted to match the one in the animated pixar movie "up." it's cheerful and bright. one neighbor filed a suit over what she says is a toxic mess left by that remodel. nbc bay area's kris sanchez joins us with the neighborhood battle that may be more than just about paint. >> reporter: now there's a lawsuit pending against the owners of that colorful victorian. in that lawsuit, the allegation is the owners did not properly handle the existing lead paint during the remodel, thus creating the pobibility of lead poisoning which in children can cause issues. >> reporter: they chose this color scheme for the family's victorian in the old quad neighborhood. a neighborhood association board member says the problem is the pretty paint masks an ugly truth. >> it's not the color. it's absolutely not the color. it's really about making sure that people follow safe procedures when they remodel their houses. >> reporter: the neighborhood association questions this city's permit process and code enforcement. several neighbors are suing the city over that. sarah doty is suing the fa

. >> i love pixar. >> how many stories are like that. >> and how many times will it play over and over in our household one day. >> i hear a song. >>> that's what's happening "today in the bay." have a great weekend. >>> good morning. breaking news overnight. $2 billion battle. shelly sterling reaches an agreement to sell the los angeles clippers to former microsoft ceo steve ballmer, but donald sterling is saying not so fast. >>> too little, too late. veterans affairs secretary eric shinseki laying out his pl to fix problems at the v.a. this morning, but with more than 100 lawmakers now demanding his resignation, can he save his job? >>> stepping out. priscilla chan, the wife of facebook founder mark zuckerberg, speaks out in her first television interview. her own success, her passions, and life with one of the most accomplished men on earth.

disney animation is full pier to pixar. they revitalized, marvel projects and "star wars" coming. a great number. espn is executing handsomely even with the olympics and march quarter. the parks business is doing fantastically well off a spate of new attractions at magic kingdom. the magic plus pass and everything. i think you always have to worry about cyclicality in the economy with disney. but creative execution right now is really quite good. cheryl: you know what, matt? it is interesting, looking at revenue on park side, 3.56 billion, coming in strong. a piece of that they have these new interactive wristbands they launched about a month ago. i don't know if numbers we're getting actually include that. there has been a lot of buzz about the fact that will be another revenue increase for the company on park side as well. what do you make of the 3.56 billion on park side for revenue? >> that is almost exactly what i was carrying but i was slightly ahead of consensus. some of it, you had a drag from the easter holiday following into the june quarter. that is really nice number.

the guy from -- john lasseter from pixar watches a all the time.] >> please take a look at it. it's pretty old but -- >> jimmy: is it a sequel? or no? >> no it's original which they already made. i don't know why i felt the need to make a -- >> jimmy: well if you want to look at what you guys made, brie has something for ya. >> i've got it, yeah. >> jimmy: yeah that's good. they could use that. >> it's pretty good. [ laughter ] >> i am. >> jimmy: -- in new york city which is like the ultimate clash of art and fashion. it's unbelievable. have you ever been? >> no. >> jimmy: oh my gosh. it's wild. >> is it going to be something? >> jimmy: what are you wearing? >> i'm wearing prada and i got to design it myself which is pretty cool. >> jimmy: how do you get to design your own outfit? >> i asked if i could. because i wanted to kind of meld all of these elements together and go in something that made me feel comfortable and i'm inspired by art and joan of ark so i created a suit of armor. with prada. [ cheers ] >> jimmy: no way. >> yeah, it's pretty coo

>> coming up, the nfl draft begins tonight and we will tell you where the best pixar.is "bloomberg surveillance," on bloomberg television, streaming on your phone, your tablet, and bloomberg.com and now available on apple tv and amazon fire. ♪ tune thursday, be sure to in later today to a bloomberg west special -- comcast everywhere. we will have complete coverage of the hearing into the comcast -time warner cable deal. >> it has been a real sea change. it is a mating. that's something marry of the belly would say. -- mario gabelli would say. >> good morning. >> the u.s. says there is no evidence that vladimir putin has pull back troops from the ukrainian border. he announced the withdrawal in moscow and called on pro-russian separatists in ukraine to postpone this weekend's vote demanding autonomy. the house of representatives have voted to hold former iris official lowest learner in contempt of congress. she was cited for failing to answer questions about her role in scrutinizing tea party groups in the house wants a special prosecutor to investigate the irs. asian b

we've also invested our capital to acquire pixar marvel, lucas film, just a few examples of that.ised our dividend fairly consistently. and we're buying back our stock aggressively, 6 to $8 billion this year. so i think we'll probably continue to allocate our capital in multiple directions although i don't see a near term large acquisition on the horizon which probably will mean we'll accumulate more free cash flow and have more decisions to make in terms of how we allocate that capital. i don't see a big shift. i think actually we've done a good job in terms of how we've invested our capital. both for the shareholders and for the company. because most of our investments from the capital expenditure perspective are aimed at creating long-term growth. it's not a quarter to quarter strategy. how do we set this company up for the long haul and i think we've done a great job of that. >> well, again, most of your investors would agree. certainly my magic, for example, or the shanghai park are two examples of that. when it comes to my magic which you just mentioned on the call you were

they had given up on making their own cg and animated films outside of the pixar franchise and this wasexperiment. obviously worked out very well. >> and see if it can be replicated. i don't know if there can be another "frozen." >> we're on our fifth new spider-man movie. >> and all the "star wars" stuff coming up. >> don't miss "squawk on the street," discussion with ceo and chairman bob eager. don't miss a moment of that. my next guest says buyer beware. what apple's stock will leave a sour taste in your mouth and the top ten highest paid hedge fund managers made nearly $22 billion combined last year. hedge funds those have underperformed in the stock market and did so in 2013 and they have done so year to date. coming up, hear from one critic who says this kind of performance doesn't justify the enormous payouts. we'll be right back. 'll be righ. (mother vo) when i was pregnant... i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on trac

pixar for a long time had incredible consistency.ught would be pretty good. the street did as well. can disney do the same? >> remarkable song writing there. it made a difference. michelle, thank you for being with us. we're back in a moment. when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. when la quinta.com sends sales rep steve hatfield the ready for you alert, the second his room is ready. you know what he brings? any questions? can i get an a, steve? yes! three a's! he brings his a-game! the ready for you alert, only at laquinta.com! we cannot let the fans down. don't worry! the unit

it was a pixar movie, a marvel movie. now, you know, wow, they're making good movies at disney again. i think that "frozen" goes a long way to saying the disney label itself is pretty powerful. >> i think there could be a "frozen 2." kristoff never really gets married at the end to -- >> spoiler. >> to elsa, right? >> that is true. >> i think there's an opportunity. >> a week and a half ago i interviewed bob iger in l.a. >> did you talk about that potential? >> he's not going to say, you know what, brian, you asked me so i'm not going to tell you. he talked about the viability of the franchise. >> he said it's one of the top franchises. >> not elsa. i think it's anna. >> i have not seen the movie. >> you can spin something out of the "frozen" universe in all seriousness. there are ways to -- they highlighted the maker studios acquisition. which not really making any money right now. that could be a billion dollar acquisition in an entirely new space for disney. >> you know what we never talk about, ever, is the online pre

. >> pixar has swimming pools and volleyball courts. you got to be in the right mindset.the staff. >> don't watch this, just this part. >> it's not about you, it's about joy. >> coming up, our reaction to the interview of time geithner with larry kudlow. and calm down brian sullivan, boy, he's fired up. coming up next, speaking of freaks, the authors behind freakonomics are coming up. they want to teach you how to think like a freak. bill karins, what do you have for us? >> you can't say freak and lead into the weathercast, joe. >> we're into some freaky weather. it was only 66 degrees in san antonio, it was 92 in washington, d.c. and out west, an incredible heat wave on top of this historic drought. let's add in the santa ana winds and it's one of those days of firefighters are going to be gearing up and be ready. it's a very dangerous day. winds could gust in the mountains up to 80 miles per hour. 80 miles per hour and 100 degrees. that's like having a hair dryer blower. record heat expect, 100 on thursday. they don't cool off in southern california until friday and esp

the project and so far just over seven hundred are still in the running only sixteen four will be pixar and the lucky bunch will leave earth after a rather under a cargo ship have prepared the terrain ahead of their arrival but the colonizers won't be able to return back home transit caught up with two project hopefuls one from moscow and one from the back. this has got to be hitting you at this point or has a hit you yet that this is a one way ticket this is something that the way the program is currently designed if you get chosen you are not coming back how has that affected your thought process on this and why are you both continuing to go forward with this with that in mind but it has been there since the very very beginning that is the one way trip it became possible home. leaders. i'm not even one hundred percent sure that i would jump on national simply because it is not going to mention it's not in the plans that the mission was like why would tree john roos cam in. each in u j is a one day. one way trip to the future has either of you gotten reached out to your national space