we contacted sony and a playstation spokesperson told us playstation 4 is designed to help gamers share game play through popular social channels. it's unfortunate individuals may abuse this and share inappropriate content. experienced in monitoring and violating terms of service. we're working in full cooperation to minnize instance. ps 4 allows owners to block zubrus accounts from social media. if you have playstation 4 you can get step by step how to block live content on abc7news.com. >>> the news continues at 6:30 with today's top stories. >> including soaker sweeping through the bay area late last night bringing heavy downpours. we'll show you the hardest-hit areas. >> a suspected child molester was fired from one richmond school and hired by another. that story coming up. >>> a look at live doppler 7. thunderstorms from last night gone. drizzle for the morning commute. we'll talk about warm weather before another chance of rain this weekend in accuweather seven-day forecast. >>> slick roads out there. you're looking at the metering lights on at the bay bridge. looks like fasttrac

playstation top unit sales in february. it sold 90% of what the playstation 4 sold. the xbox one generated more revenue because it is more expensive. spending on videogame hardware has increased 42% from a year ago. there is a change coming to the sec 500. changing the same to green mountain coffee. >> larry flynt has been involved with pornography with "hustler" magazine. he is also involved in capital punishment. new hampshire has become the 19th state to repeal the death penalty. the founder is still the center of this debate. he wants to be heard on the issue. he remains paralyzed after being shot by joseph paul franklin back in march of 1970 eight. despite this, he is always objected to the death penalty being part of the judicial policy. he spoke about the issue with market makers. >> tempers were flaring. many people felt the only way they could react was to take somebody's life or harm them someone. probably my best argument against capital punishment has been in england, pickpocketing was a capital offense. on saturday, when they hung the pickpockets, people

the playstation is cheaper. >> with us to discuss is our guest. he covers the gaming industry.lso with us in new york is our video game in-house reporter, matt miller. how good is this game? >> this game is really impressive. you can see that by what people are saying online who have been playing it. you can see it in the critical scores. his is that dead on shooter game that reminds me of that rate line from the matrix. "i want guns, more guns." >> i finally got it hooked up and played it until 7 a.m. this morning. i do not want to say it is the best game i have ever played, but it is kind of like "call of duty" and "halo."\ those are probably some of the best games. it is an amalgamation of those. these giant robots you control -- it is amazing. it is absolutely amazing. >> is this going to be enough to re-energize sales of the xbox one? xbox made a big decision about pricing. >> it is absolutely working. we did research a year before. no question about it. this is a great game. i think you guys nailed the description of it. the real issue is whether it will drive a lot of bo

sony is doing well the playstation 4. they said the game developer's conference last week that this is where they're putting their way. >> zynga was a big growth platform. do you think when they see oculus, they are seeing google glass? >> yes. i don't see them spending $2 billion straight up for a gaming platform. i think this is one-upsmanship. >> you think it is defensive? >> i do. i think it is a great win. it is a fantastic venture deal for the early stage investors. >> we are going to be talking more about gaming coming up. also, peter fenton of benchmark will be joining us next. ♪ >> startup megadeals are happening. other startups are raising mega-rounds of funding. private hedge funds and mutual funds are pouring money into silicon valley at an unprecedented late. the latest example is blackrock, giving a $100 million investment in hortonworks. peter fenton joins us in the studio. jon erlichman is with us from l.a. the mega-rounds of funding, there have been 11 nine-figure rounds this year. when it comes to horton

apparently the sony playstation appears to be outselling xbox two to one.don't have the most updated numbers. >> we hear from people that they are selling twice as much, in terms of sales, of the playstation in terms of the xbox. >> with us now to discuss, the president of [indiscernible] the gaming industry. also with us from new york, resident videogame reporter, matt miller. matt, i will start with you. how good is this game? how much of a boost will it give the xbox? >> this game is really impressive. you can see it from the people playing it online. this is a dead on shooter game that remind -- reminds me of that great line from the matrix. "i want more guns, give me guns." >> are you excited? >> i got it last night and hooked up and working at 3 a.m., i played it until 7 a.m. this morning. i don't want to say it's the best game i have ever played, but it is kind of like all of plus gears,lo, which are probably the three best games. it is an amalgamate -- amalgamation of those three. it does things that you can not doing any of those. you can run on th

but get you some company news, starting with the playstation.ing 10 episodes of a show called powers a comic book.ome u all part of a plan to make playstation a device for tv shows and buil with your games. sac hiring a cia backed software maker to detect activity and monitor infoation to the firm. are bidding hsbc for one of the biggest ipos in saudi arabia in decades. this is according to people with knowledge of the matter. commerce is the first saudi bank ipo in six years. it could raise $4 billion. >> the search for any sign of the missing malaysian jet continues to come up empty. planes hunting for objects bond in the indian ocean return after being unable to look at them. -- unable to locate them. thank you so much for taking the time. how likely is it that this debris that the satellite picked up could actually be the missing ?light 370 >> there's a chance. it's not guaranteed. if there is a lot of debris in the ocean. a lot of different kinds of containers and ships that have sunk in. it is in the spot where it is most likely the airpla

what have a "halo" affect, or is it a hail mary in the battle to regain on playstation for sales?countdown to the closing bell" starts right now. adam: afternoon, everybody, i am liz claman. the last hour we have learned charles evans is saying we should spea speed up the pace. all things said, talk about any changes that appear to be on the horizon when it comes to how the fed will start tapering. any remaining hopes the s&p 500 was closed at a new all-time high today are receding at the moment. we are still above the intraday low on friday but well below any chance of seeing another record here. the reason for this retreat, you can call it a china conundrum. thought they were avoiding hard economic landing got stunned i the unexpected admissions it saw an 18% drop in exports last month. china's the world's largest economy behind the u.s. with china dragon down the major indices, materials producers have been amongst the hardest hit u.s. stocks today. as we look at all the sectors, 10 of the s&p sectors have been down. alcoa losing two.33% at $0.29, and we look at u.s. steel. dow

. >> she had a playstation control in her hands. we grabbed her with a blanket and everything. >> residents said they could feel the boom from several blocks a way. >> president obama's appearance on an internet comedy show appears to be paying off. nearly 900,000 people visited healthcare.gov after president obama appeared on "between two ferns." a republican announce the her decision not to seek another term. burr became governor. the arizona constitution limits governors to two terms. >> another round of snow battered the midwest on wednesday. now snow is taking aim at the north-east. three were killed during pile-ups. tens of thousands of phones in northern illinois lost power. flights into chicago were cancelled. storms are expected to hit parts of the north-east. bringing as much as two feet of snow. meteorologist joins us now with more on the details. >> it is going to be a messy night across much of new england because of the storm that you see here on the radar and satellite image. in some places across northern new york an

microsoft is hoping it will shed new light into xbox sales which had been lagging behind sony playstation's> sports ahead including an nhl health scare on the ice. and details on this sucker punch on the basketball court next. good job! still running in the morning? yeah. getting your vegetables every day? when i can. [ bop ] [ male announcer ] could've had a v8. two full servings of vegetables for only 50 delicious calories. two full servings of vegetables over one million hours of research. are inside are specific vitamins and minerals to help support your heart, brain and eyes. centrum silver. for the most amazing parts of you. . >>> this morning on "today," pbs correspondent miles o'brien is live in studio less than a month after losing his left arm in a freak accident while on assignment. hear his story later on "today." >>> and now to sports, a frightening moment at the national hockey league. medical personnel rushed to treat dallas stars forward rich peverley after he collapsed from a heart ailment on his team bench. peverley has a history of an irregular heart beat and just six mon

microsoft is hoping it will shoot new life into xbox sales which have lagged behind playstation 4. >>hank you very much. >>> now to stories making news this morning. in a 97-vote, the senate approved a bill that would toughen procedures for sexual assault. the bill would eliminate the good soldier offense which would allow the accused to use their good military record as evidence of their innocence. >>> new sanctions against russia are being considered by the united states and other world powers including travel bans and asset freezes. the u.s. and the eu are considering crimea's march 16th referendum vote illegal with david cameron calling it unconstitutional. >>> the most dramatic moments yet in the pistorius trial came monday when a both ol guest described the postmortem examination. pistorius repeatedly vomited and covered his ears prompting the judge to briefly halt the proceedings. today we can expect the defense to cross-examine the pathologist. >>> scrambled politics is next. feed it, and care for it, don't we grow something more? we grow big celebrations, and personal victori

they will not be banned simply prohibited in certain playstations and better regulated so there are no illegal sales to minors. thank you. >> thank you so much, mr. smith. the next speaker is dr. tomas aragon from our department of public health. >> good afternoon. [speaker not understood] i'm also the director of the division of the department of public health. i am your community public health doctor. my job is to protect and promote the health of everyone in san francisco, but especially our most vulnerable. i was born and raised in this city. i still live here with my wife and three children. my wife is a first grade teacher at betsy car michael elementary school in the south of market. and we are raising three children ages 13 ~, 16, and 17. we care deeply about the health of our communities and keeping san francisco safe and healthy for families with young children. we are acutely aware of how this legislation can directly protect the health of family and communities. one of the things that i do in my role as health officer is to go out and speak to communities. and recently i we

. >>> and on abc 7 news at 5:00, the security loophole with the playstation 4. 7 on your side's michael finney on how children are accessing inappropriate content and sony's response. >>> finally this midday, arnold schwarzenegger is known for his big muscles and now he's putting that power behind a big sandwich. >> he probably needs a lot of protein, right? the former governor appeared on the youtube show "epic meal-time" and made his epic breakfast sandwich called the steak and egger. >> schwarzenegger used ostrich eggs and did the cooking on top of a tank. the finished sandwich has 78,583 calories and 4,127 grams of fat. >> the video is a promotion to help raise money for an afterschool program. i hope a whole lot of people shared. >> and i hope that afterschool program also has a nutritional program as well. don't eat things like that. from all of us here at abc 7 news, thanks for joining us. >> "who wants to be a millionaire" is next. have a great day. we love this k! what's next? great! do you have measurements? yeah, i paced it off. it's about twenty by twelve of these. so, we ca

well the defacto police force right now come from the old playstation rights act to which all refer to this being a neo oh can i say should we also went to pick human rights violations at censorship of all the pranks in ukraine and the treatment says and peace and ultimately they want to address the legitimacy of the current government that is in charge in kiev after they took power from the elected government washington's preparing to welcome ukraine's opposition to any content from its top to secure american any chance of the country's current leadership. these are last will also send and doesn't find it as a tomato base is an island and its twenty oh five cents day. it's an opposing force exercises in response to the timeline in ukraine. then describes them and making it could still play it to american allies in the region and the us stands by them. but as the us license mitre muscles if he is in the hope the americans to level the whirlpool that would prefer not to get involved in the ukrainian prices displayed on the white house is running on the left caught this as an asus ee chi

hurting relative to playstation four. can this game drive sales of xbox one? >> that's the bet.sed -- microsoft is too embarrassed to give out the figures of how many of the new xbox it has sold. they sold about tree .6 million last winter. waystation for, which came out at the exact same time, has sold 6 million since its debut. it looks like the sony system is winning, but this is the secret weapon. quote whichw those first came out in 2001 and was only available on the xbox, -- people at first called it an "ha lo" box. xbox -- sales of the lo?"id you ever play "ha >> i've played every version. back, meditating your way to success will stop -- meditating your way to success. simmons and how it worked for him. >> this is a good time. ♪ >> welcome back to "market makers." hip-hop high in year and business mogul russell simmons has a message for the frenzied workday masses -- keep still. in his latest book, he outlines why being calm is so crucial for success. he spoke about it with me earlier this week. >> my nickname is rush and i used to believe by moving fast and even insomni

my kids will consume the same film on every thing from an iphone to a playstation four, as well as watching television and in cinema. we are all consuming the same materials in different formats. i like that. we are at the beginning of new ways of telling stories. in the future, film -- a film like gravity you will have been introduced to other forms. we could render the universe and make it available to you in real-time on your ipad. like a bignds pledge, to render the universe. >> is the british film industry in a good spot right now, william? some say the number of films last year of independent british films went down. funding for those films declined, as well. how would you characterize the british film industry, encapsulating the indie scene right now? the bigger world is a hollywood studios and the major releases, but british independent cinema is quite vibrant. people who were in this year's draft as an oscars where british quite often had their first experiences in an independent movie. from where i see it, it is pretty vibrant. #very good guidance. this year, hollywood only made 9

. >> when were we making guitar hero, that was is.75 million for a console game, playstation game, which is laughable small for that. now you can make mobile games for tens of thousands of dollars. that makes it much easier for a startup company to find a product fit by testing. you have three, four shots on goal, as i like to say. whereas in a single year for us, you could only take one shot on goal. >> hardware was also a hot topic with sessions like fit bit and jawbone. james parks, ceo and co-founder of fitby the shared with us how a smart strategy for distribution is key for a product success. >> when we started fit bit we were selling our product directly online at fitbit.com. that helped in several ways. one is we had a direct contact point with the customer. the customer wasn't buying through a retailer. there was no retailer in the middle. the second is, we got paid pretty quickly so a small company, cash flow and fast access to cash is critically important. and obviously, the margins are the best when selling directly online. you're not giving up 20, 30, 40 percent of margins t

the company hopes it will catch up to sony's playstation four.er gave it a test drive. >> i have been awake all night. i napped for like an hour. >> but those glasses are part of the game, right? >> no. [laughter] i went to gamestop at midnight and waited in line for a long time out in yonkers, which is not sort of the metropolitan hub of new york. but it was packed. after about 45 minutes, i went to best buy instead. it was empty. i walked in and picked up this game along with a number of other contraptions. game that a good around 6:30 this morning, i gave serious thought to quitting my job and staying home and playing until i was hospitalized. a lot of people i think will do that. >> that is a lot of guys' dream. >> the effects on the global economy of a game like this are probably a mess. >> i hear that there are gamers out there who make lots of money just playing video games. >> there are gamers out there -- a lot of gamers have run into health problems because you lose track of time. you forget to hydrate. you forget to the and you eventua

they hope it will give a boost to sales which have lagged behind rival, sony playstation 4. advertising company, radiumone, is in the final stages of preparing for an ipo. they are planning to use the proceeds for acquisitions on international expansion. other online advertising companies have seen the shares soar since they went public. first in the studio, with cory johnson and our special guest host, roger mcnamee. great to have you with us, roger. so much to discuss. >> you look lovely in purple. >> i love how you match with me. >> i called ahead. >> nsa and edward snowden. we are hearing from him publicly for one of the first times. what do you make that he chose sxsw to address? >> i was really surprised. it was cool for sxsw where there has been a lot of snark around it. >> that it does not matter anymore. >> i'm not sure it ever did. it has been an extraordinarily fun place to entertain people. as you know, when the entertainment industry gets together, is hard to tell the difference between work and play. the tech people enjoy being there. a lot got done. i do not t

what they have done on playstation, hope they take it seriously and are ready to do what we have done>> i would come by you. >> not for sale. >> oh, well it looks like anyone is for sale at the price is right. is the price right for king digital? the wildly popular maker of candy crush goes public today in its ipo. and later, general motors message, hitting the web again to try to reassure customers. we have a germanic -- a dramatic video to show you. the fifth floor of an apartment complex when this fire broke out. incredible images. the blaze was rolling in intensity when he swung himself over the ledge and dropped down to the next floor. he was ready to jump just as firefighters reached him. after some maneuvering, he scrambled onto a ladder and that was just moments before the upper floor collapsed. absolutely incredible. ? ♪ >> this is "lunch money" on bloomberg television and we are also streaming live on bloomberg.com and your tablet and smartphone. adam johnson. king digital is the company behind the popular mobile game kenny crush made it trading debut today. $22.50. that was

he oversees the playstation game console. pay pensions for 69,000 nonunion employees and an executive. they are shifting benefit payments to a 401(k) style plan as it works to cut costs. the changes will take effect january 1, 2016. and these headlines are just crossing that allergens is buying safeway for about $40 per share. albertsons is owned by cerberus capital. back over to you. >> thanks, carol massar. i want to move into the business of the airline industry. air canada and others operate in north america and they have had to deal with winter weather. just last month, the airline forecasted a drop in first quarter profit because of the storms. also, there's the weaker canadian dollar. the president and chief executive officer of air canada joins us now from our toronto bureau. great to have you on "taking stock." outlined for us what the strategy is for air canada in order to deal with the severe winter storms and the effect it has had on the financials of the air carrier. >> thank you for that. we have had the dynamic

named sean late in the new ceo of sony computer entertainment america, the unit overseeing the playstationle. the head of the unit is out, his contract not being renewed. they called it a mutual agreement. leyden was most recently the chief operating officer for sony networks entertainment. to privacy groups challenging facebook's purchase of whatsapp. they found a complaint with the federal trade commission saying that users of whatsapp had an expectation that their data would not be collected for advertising purposes. facebook says whatsapp will operate as a separate company that will honor whatsapp's commitment to privacy. vimeo is hoping to become a destination for new films. the company is starting a $10 million fund to get film makers to sell their movies through vimeo. a movie must raise $10,000 on a crowd funding site or be screened at a major film festival. back to eric schmidt and jared cohen. >> what is the state of google's relationship with the nsa? >> what relationship? [laughter] they didn't knock. >> it is not even complicated? >> they didn't knock. they didn't call. they d

sony just announced project more for less -- morpheus for the playstation 4 but executives here are notorried. >> i think more people will jump in because we have proven there is a market for vr. i am a huge a sony fan. i hope they get busy recently and they deliver something great and it makes vr that much bigger of an industry. >> of companies have many hurdles. it is not clear whether their biggest gaming software developers will ever -- technology, and no release date. >> when can consumers buy and oculus rift question are >> when it is ready. but not before that. >> tony 14? what's we'll see. >> we are just about to listen to resident obama who is what the dutch prime minister and he is about to talk any second. >> led to listen in. asis being introduced, francine said, and the president will be addressing the audience. we have a translation. let's get in and listen to what they have to say. >> present important opportunities for the international community to discuss missile -- subject as well as other pressing issues that affect our common interest. finally, we look ahead at the

. >>> later, a consumer reports investigation, how children are accessing adult content on a playstationeveloping now at 6:00, a deadly accident in the south bay, a car hit a man on a busy road. live at the impact. >>> a teacher under arrest accused of sexually abusing his students. we're learning the police investigation spans not one but two schools. >>> happening now, a who's who list of top republicans taking the stage in an annual meeting of conservative minds. a preview of what to expect in the presidential race. i'm matt keller. >> i'm kristen sze. crazy overnight, some drizzle. >> check in with mike nicco on the rooftop. just damp outside. >> pretty much. looking down, grounds wet, streets wet embark der okay, nothing falling from the sky. a few breaks in the cloud cover. that's temporary. low clouds fill in. a threat of drizzle around through at least the 9:00 hour. here is a look at live doppler, much drier than possibly when you went to bed last night. residual moisture out there for morning commute. day planner next 12 hours around the bay, mid-50s. very mild when you step ou

big sony playstation. huge hack. everyone's credit card number. millions of people. did everybody switch to microsoft xbox? no, they did not. tjx and marshal's. no one switched. >> i think the difference though these guys fessed up early. there was never this sort of conspiracy that the company knew. melissa: they knew on saturday, on the saturday of thanks giving weekend. >> that is my point, melissa, the other companies talked about they fessed up right away. they paid money right away. they were sort of contrite right away. what did target know and when did they know it? all of sudden this has become watergate. be honest with your customers. be honest with them. >> i think you underestimate the customer's long term impressions. other companies will get hacked. walmart will get hacked. >> that is the excuse? melissa: you know what this is? target has other problems. have you been to their website? 1997 called and they want their technology back. it is not a pleasant experience. unlike charles, to ahead, charles. >> after mizrahi, before target was target. there was

talk about the fact they have done well with the new consoles and xbox one and playstation 4. waiting on new games to be all the rage as people get in there. people are downloading games now. they're going to other retailers for games. they also now , walmart for example, recently announced they will take in trade-in games,. stock is to the downside on latest report. david: s&p futures closing 30 seconds ago. gary kozlowski in pits of cme. how is it shaping up for tomorrow, gary? >> personal income that comes out at 7:30 central, 8:00 new york time. we'll look at consumer sentiment. that is one of the key numbers to focus in on. i do probably see the s&p and most other indices will be pulling down a little bit more for the weekend. we're coming to the close of the first quarter. a lot of fund guys will want to bailout, sit on sideline. wait until tuesday and jump back in real strong again. i see indices pulling back a little bit more. i will be surprised if it broke 1830 or below that would be tough number to get at. david: let's hope it doesn't go to 1830. sandra: thank you,

. >>> sony has virtual reality headset for playstation 4. man it sure looks cool.: wraps around your entire head. david: fun stuff about that. >> we'll try it one of these days. investors cheered february's better than expected employment report after the u.s. added 175,000 jobs, but we've got someone who says, we need to look beyond that headline member. david: he thinks there is a statistic often overlooked in its recent decline is a big cause for concern. joining us ed lazear, hoover institution senior fellow and former chair of the president's council of economic advisors. one of the smartest people anywhere in the room, whichever room you happen to be in. ed, what is it that folks are overlooking here in these stats? >> well, the simple thing that they're overlooking is the length of the average work week. it is a very simple idea. if total hours worked goes down, even though employment goes up, then you know you have less activity in the labor market. two things have happened since september. if you look at the past six months, while we have had job growth, w

as more gamers buy their games through xbox live and sony playstation, investors are questioning game stop's business and its ability to adapt to this trend. another short this year, adt corporation, electronic security player. experts say rising competition from cable and cellular players will be a headwind but william blair says that fear is overblown and that these new entrants are unlikely to have a long-lasting impact on earnings. we will end with cliff's natural resources, the most short stock on the s&p 500, down 30% this year. the main reason, slowing steel and coal demand. >> the number one short on the s&p 500. >> as of today. yep. >> that alone is a great trivia question. seema, thank you very much. sue? >>> his wife founded a company with a new way to screen for genetic problems. google founder took the test and it may have led him to embark on an extramarital affair because he may think he only has another good ten years left to go. that's one of the big stories in the current issue of "vanity fair." the writer is with us next. >>> plus phil lebeau is back. a new generati

the buzz around oculus has brought out competition, sony announced a headset prototype for the playstations at oculus are not worried. >> people will jump in because we have proven there is a market. i am a huge sony fan and i hope they take it seriously and deliver something that makes this a much bigger industry. both companies have many hurdles ahead. >> not clear whether the software developers will ever embrace the technology. no release date. when can consumers by an oculus rift? >> when it is ready. >> and 2014? >> we will see. andor more on oculus facebook's move into virtual reality, let's bring in cory johnson. joining me now from san francisco. are you a reality gamer? >> reality gaming? seems like they are very separate. for is a really weird thing facebook to do. for them to imagine what the future is going to be in computing and plays a very big bet towards that direction. fundamentally, facebook has decided that oculus and possibly be the platform of the future. they are betting $2 billion. >> talk to me about the money. a $2 billion valuation but $400 , how do youash arrive

facing competition from playstation and xbox live.ablevision, analysts write on-going competition from fios will pressure growth in net ads. however, wi-fi, dvrs and smart routers should improve churns. >> what jumps out at you on this here? cliffs, you have the actavis situation here. >> more organic growth. if you can't get it organically, reach out to buy. we said it all along. it's going to be a frustrating year when you look at the headline index. when you look at particular assets you have to gauge where do you actually see the growth? if you see the growth, the street rewards it. those names we mentioned, there's no growth. >> and i wonder why people are betting so heavily against joy global, joy, because that's been a fool's folly basically this stock has traded kind of sideways for the past year even as many of those, the walters, the cliffs, and all the rest have just been decimated. you wouldn't think a mining stock supplier like this would do as well as they've done but they've just basically treaded water. i think they ca

sony has its own virtual reality head sed for the playstation 4 and microsoft is reportedly working onbox 1. >>> we have an ipo out today. the maker of candy crush saga king digital priced its shares and raised about a half billion dollars as it goes public today. the candy crush saga game was the most downloaded app in 2013. and the company is hoping to go off of that popularity with its ipo. the stock market off to a positive start looking for a second straight winning session. let's check the big board. the dow is up by 77 points. nasdaq gaining 22. s&p up by 8 points. king digital not yet trading but zynga is down 4% on that. back to you guys. >> all right, jason brooks from kcbs news, thanks. >>> only on kpix 5, san jose is cleaning up and shutting down bikini bars. since we first reported the problem in november, the number of those businesses has decreased. still, as kpix 5 reporter kiet do tells us, illegal businesses continue to pop up. we must warn you some of these images are explicit. ♪[ music ] >>> reporter: the last time we showed you galaxy bar and restaurant, it was the

is a prototype for the playstation four.s are not worried. >> and number of people were jumping because you know proven there is a market for vr. i hope they take it serious. hope they deliver something great and it just makes it that much bigger in the industry. >> both companies have many hurdles ahead. it is not clear whether they will ever embrace technology. there is no release date. >> when can consumers buy it? >> when it is ready. not a second before. i am not much of a gamer. i know you are not either. this intoyou get consumers hands or it is not just the early adopters anymore? >> we develop a product that people cannot keep their hands off of. around withto walk that? i do not get it. i am not an early adopter. >> usually you're sitting on your couch. it has to start somewhere. it starts with the gamers who can commercialize the technology. maybe it will find its way into things i do care about like medicine or other applications that will totally revolutionize the world. >> i think people on their couches what's

helping to boost sales of the willum console, which rival playstation four.n up all night testing it out. turnaround. how good is this game? >> it is insane. i have to wear these glasses because i have literally been awake all night. i'm not for an average playing this game. >> those classes are part of the game, right? >> no. i went to gamestop at midnight and waited in line for a long time out in yonkers, not the met with -- metropolitan hub of new york. it was packed. i went to best buy and picked up this game, along with a number of other contraptions that go with it. it is such a good game that this morning i gave serious thought to just quitting my job and staying home and playing the game until i was hospitalized. a lot of people i think will do that. the effects on the global economy of the game like this are probably a mess. >> i hear there are gamers that make lots of money just playing video games. >> a lot of tamers really have run into health problems because you lose track of time and beget -- forget to hydrate and eat and eventually passed out.

parents is the strength of the playstation 4 consular to structure generates substantially more profitging story for sony. we can go to commodity stocks. iron ore, it is in a bear market. you see australian stocks falling significantly. all of these are iron ore stocks or iron stocks. atlas, examples of iron ore stocks. here at the pie tribute can see industrials, as i mentioned before, the record trade deficit, industrials falling 8%. tech currently is the biggest variousaller across the boards, which includes china, hong kong, and japan. withles really suffering exports dropping. also, these three. fujitsu, fujifilm, falling currently. one more if i can quickly -- have a look at the chinese story -- i can tell you the industry groups so far. tech stocks are once again the biggest decline there. there it is. stocks and telecoms -- for example, tech stocks down a 2.9%. that is the theme across asia, tech falling. i will show you this fast -- 25 stocks down. two are gaining. tech, falling across the board. >> up next, airport security under scrutiny with the stolen passports used on mis

or playstation four consoles ones were sold.pping its bid to gain full control of sirius, opting to sell stock for liberty broadband instead. the unit will include a 25% stake in charter. catch all of the latest in tech and media at 1:00 p.m. and 6:00 p.m. eastern time only on "bloomberg west." president obama's latest publicity stunt has turned into an infinite -- viral sensation, and it also talks to his will and is to younger people. join us more on the white push, the founder and ceo of cheeseburger network memes. i have been following your work for quite some time. what you think about the white house's use of viral videos? house isk the white realizing they have a problem with health care insurance for younger people, and a need to figure out a surprising network -- surprising method. we are very familiar with the demographic that funny or die reaches. we understand the desire to reach those people, like a lot of brands. >> what is this millennial generation want? click entertain me, maybe inform me, but primarily make me

sony just announced project prototype for the playstation four.ied at oculus. >> i think that they have now proven that there is a market for virtual-reality. i am a huge sony fan, i hope they take it seriously. more widelykes it distributed. >> both companies have many hurdles ahead of them. it is not clear if gaming software developers will ever embrace the technology. >> why would consumer -- when can consumers by this? >> when it is ready. not one second before. >> 2014? >> we will see. >> we will see. with the right now, bloomberg business's brad stone. the company does not have a product that you and i could buy yet. why does facebook want it so much? >> why does facebook want it? a great question. they kind of missed mobile. look, even though mobile advertisements are a majority of their revenue, even though the facebook app is doing well and , they wanting others to make a bet akin to the one that google placed on android in 2005. they want the future. mark zuckerberg believes the future is virtual-reality. we will see. >> there has been c

fact, the folks at bloomberg industries say continued sales of things like the xbox, the newest playstation, will fuel growth at least through the end of the year. one decline or we have is red hat, the maker of open-source software, humming out with earnings that missed analyst estimates. buildings were not as strong as some anticipated. we are seeing a big drop their. the stock trading at its lowest since december. >> time for our big story. facebook spending spree. the company is having a pretty big week. a number of deals. $2 billion on virtual reality company oculus, who does not even have a product on the market yet. s today it announced it is working on a fleet of drowned by acquiring an aerospace company, hoping to shower wi-fi from the sky to provide internet access to all. clearly, the acquisition do not directly benefit the companies need and potatoes business of selling ads on social media. markad, it seems zuckerberg is modeling his mma career after these guys. the guys at google who by robots, wind turbines, and even thermostat companies to stay ahead. so our silicon valley bi

sony will be developing original programming which will be streamed over playstation consuls.ig profits this year. ge to develop low-cost solar plants. check the stock. they like up 5%. the clothingmaker gets folk casting a lot, there goes down the weekend. jpmorgan announcing it will be selling off its physical commodities unit. the stock hit an all-time high earlier today, 60 right now. hewlett-packard announcing plans to get into the 3d printing market. big dog coming into the emerging market place. the ceo of 3d systems on the show is not worried about competition. we have the real halftime report next. stuart: charles payne is with us. larry 11 in chicago, and nicole at the stock exchange. you skipped the hotel, you went from strangers, a parent of the company that does that is worth $10 billion. the market value of air be and be. $10 billion for home rental online company. i you kidding me? >> i agree. 10 billion seems ridiculous. the company is whatever anyone is willing to pay for or invest in but usually a company is valued on an exponent of earnings and is nowhere ne

so for the playstation for has been outselling the xbox one. the chairman wants to buy up t-mobile. if a deal happens, it would combine the number three and number four wireless companies. an app that can tell you how you are feeling. speak into your smart phone and 20 seconds later it gives you an emotional analysis. i bet you cannot wait for that one. not a good sign for the millennial generation. 18% of people ages 18-25, only 18% of them, less than one in five can answer for or five basic financial questions correctly. what do they ask? jennifer is here, you have the questions, you're going to post those questions to me. >> i am putting you on the hot seat. stuart: if i get them wrong i am really up a creek. >> i want the emotional monitor thing, i want everybody feeling really good about this lineup. >> suppose you have $100 in a savings account earning 2% interest, after five years how much money would you happen that account? stuart: multiple answers? >> more than $102, exactly one or $2, less than $102? stuart: more than $102. >> you got it right. number to come much in the

will accept all working, undamaged copies of games for modern consoles, such as the wii, x-box and playstation. used games will be refurbished and re-sold as "certified pre-owned". the move puts walmart in direct competition with similar practices at gamestop, best buy, target and other stores. >> an arizona woman says, she is out an 83-dollar bottle of designer perfume. all because of an airport security check. record promoter lois lewis was on her way to see clients in denver and never dreamed she was in trouble. as a frequent flyer, she says she always travels with her perfume in a separate plastic bag-- but this time, the t-s-a stopped her. she says, t-s-a screeners confiscated her two- ounce bottle of perfume, because they thought it was shaped like a weapon. >> "everyone is staring. there are seven tsa agents on my side. took all of my information, made a copy of my id, and then started talking about they were going to have to s my person. and that's when i started--i went from humorous to all right let's be real, it's perfume./they said if as a passenger you were to get on an airplane a

sony just announced project morpheus for the playstation four.culus on not worried. >> people will jump in because we have proven that there is a market. i hope they take it seriously. it just makes vr that much more of an industry. >> both companies have many hurdles ahead of them. it is not clear if the biggest gaming software developers will ever embrace the technology. >> one can consumers buy one of these? >> what it is ready. not a second before. >> 2014? next we will see. >> amazing stuff, right? our guest host for the hour, the chief investment officer thereof growth equity. money and growth. glassterday we saw google preparing to team up with exotica. has a lot ofoculus tough work ahead of it. important,it is so howard, the optimism that you have for decades comes from the animal spirit of business transactions. do you own facebook? >> we bought facebook at $30. we trimmed a bit of it a couple of weeks ago, but we still have it. >> this optimism is based on the back and forth of these businesses. businesses get it done. >> the american e