an interview with reid hoffman. i asked him which of the biggest social networks would survive. ♪ they: this week, i had chance to sit down with linkedin cofounder reid hoffman for a wide-ranging conversation on everything from the future of social networking to the rise of artificial intelligence to the .ndgame for uber in china hoffman is a noted venture capitalist investing in airbnb and facebook. i asked him the not so simple question, are we in a tech bubble? thing, it tends to be a private market bubble. it does not have as much public market impact. it is not something that when you hearken back to 2000, 2001, you worry about quite as much. emily: we are not in a bubble in the public market. -- quasi-s i bubble bottle. emily: mark andreessen saying we are in a long-term bust and tech is undervalued. why is there such a diversity of opinion? believew much do you that new things will be invented that are not invented yet? from anbuild companies idea to something globally relevant in three years, four years, fiv

. ♪ ♪ emily: earlier today i sat down for an extended interview with linkedin cofounder reid hoffman.oted investor, and i asked him to weigh in on the great debate. are we in a tech bubble? reid: in some ways we are, in some ways we are not. the key thing, it tends to be a private market bubble. the private level does not have as much market impact. it is not something we've hearken back to 2000 or 2001, you worry about quite as much. emily: as a venture capitalist he invested in the company airbnb. we talked about how airbnb needs and experience in strategy ended differs from uber. reid: airbnb has a global network of fact that is useful. if you have a whole bunch of residencies in europe or the u.s., then people who traveled there, that is a global network effect. that is very useful. they do not have to do as much work as overdose. emily: why do they have to work harder? reid: they have to work harder because the network is much more local to a city. it is just easy to say that it could be a halo of london or different regions. they actually have to put intensive effort into the gr

emily: linkedin cofounder reid hoffman.t miss my phone conversation with him in a special edition tomorrow at 6:00 p.m. in new york. coming up, the growth of gaming this holiday season. we will hear from the pic to ceo. ♪ i just had a horrible nightmare. my company's entire network went down, and i was home in bed, unaware. but that would never happen. comcast business monitors my company's network 24 hours a day and calls and e-mails me if something, like this scary storm, takes it offline. so i can rest easy. what. you don't have a desk bed? don't be left in the dark. get proactive alerts 24/7. comcast business. built for business. tand that's what we're doings to chat xfinity.rself, 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 you

we begin this evening with reid hoffman, a leading investor in the silicon valley and co-founder and chair of linkedin. >> most silicon valley companies are global in name and think of their customers and members as global in scope, and so the problem is they have to say, okay, how do we protect their interests the right way. they're not saying how do we protect i.s.i.s.'s interest. they're saying how do we protect your everyday citizen. >> rose: we continue with shonda rhimes, one of the most prolific television producers in hollywood. >> we're creating worlds. once i've established the world of "grey's anatomy," it's a living being for me, almost. i don't have to kill myself to figure it out because it exists. i know what's going to happen. i could tell you what color shoes meredith needs to be wearing because is exist force me. >> rose: we conclude with peggy noonan, columnist for the "wall street journal" and her book is called "the time of our lives." >> the conservative way of looking at entitlement spending is we made a daily with the people. you keep your deals. they have a m

reid hoffman. it back in a moment. stay with us. charlie: she is by any measure the most powerful show runner working today it. the creator of gray's anatomy and the smash hit scandal. and the producer of the emmy-winning series "how to get away with murder." she controls all of abc's thursday night primetime programming. her shows are known for their twisting plots, steamy relationships, and diverse city of the cast. "i am making television look like the world looks." gay, straight, single, divorced, searching -- everybody gets a seat. >> stop talking about god and country and admit you want to do this. >> i do. >> they are inside his chest. you don't get to cry about that. cracks mark my words. he will not make it to the end of his term. >> are you thinking that divorcing your wife and moving in with me is a tiny bit of a problem? >> it's a problem. >> clearly. law 100.s criminal , how i prefer to call it to get away with murder. documentser new book are rise to the top of hollywood. in the years she decided to stop saying no and

we will have a full interview with reid hoffman.pisode of studio 1.0 coming up tonight. steve is on the board of tesla and space x, very close to elon musk. take a listen. steve: the best partnerships are when the venture investor believes as passionately as the entrepreneur. when i hear him explaining it, he has won me over. i have been wrong. i will be run again. when it is right, it is an incredible thing. emily: obsessed with space, says with ai -- obsessed with ai. a pretty fascinating conversation. david: thank you very much. emily chang, anchor of bloomberg west. , we aren the next hour heading to the l.a. on a show for an interview with jim -- gm. ♪ ♪ anchor: it is 4:00 a.m. in hong kong and 3:00 p.m. in new york. welcome to "bloomberg markets" ♪ from bloomberg world headquarters here in new york, good afternoon. i am betty liu. stocks are extending gains as the fed released its october minutes, adding language stressing that a december rate hike remains very much on the table, and a global macro hedge blackpulling the plug

we begin this evening with reid hoffman, a leading investor in the silicon valley and co-founder andedin. >> most silicon valley companies are global in name and think of their customers and members as global in scope, and so the problem is they have to say, okay, how do we protect their interests the right way. they're not saying how do we protect i.s.i.s.'s interest. they're saying how do we protect your everyday citizen. >> rose: we continue with shonda rhimes, one of the most prolific television producers in hollywood. >> we're creating worlds. once i've established the world of "grey's anatomy," it's a living being for me, almost. i don't have to kill myself to figure it out because it exists. i know what's

♪ alix: coming up, linkedin chairman and founder reid hoffman will be joining bloomberg west.'t want to miss that conversation. what did you miss? it is time for the business flash. salesorce.com forecasting that topped estimates as new services bolster products for growth. salesforce says sales rose in line with estimates. of green mountain beating estimates, raising dividend by 13%. the company raising its full-year adjusted earnings forecast. >> according to private documents obtained by bloomberg $27 million.st it is the number two right healing service after it were. >> that is your bloomberg business flash. alix: our robots the biggest risk to the job market? the u.s. and u.k. are seeing stronger job markets. will these gains be lost? the bank of england did the math. in the u.s. the figure would be 80 million jobs. guest,: joining us, our the robots.se of congratulations. what you make of those projections? what i take away is that this is going to be significant. i think this is going to be a big impact over the next 10-20 years. alix: one of the first things people he

i spoke with linkedin co-founder reid hoffman for my pbs program and he explained why silicon valley companies are in favor of encryption. >> most of the really interesting silicon companies are global in nature and they think of their customers and members as global in scope and so the problem is that they have to say, okay, how do we protect their interests the right way. they're not saying how do we protect isis' interests, how do you protect your everyday citizen in any particular country. and that tends to lead you to the right way to do that is to do something globally. now, i've been thinking a little about this and i said, look, if the governments of the major world countries could get together and say here is what we are all doing collectively, like we all agree on kind of a global treaty that this is what we're going to do, then it's easier for the tech companies to do that because then they're not playing one country against another or one set of citizenry against another. >> you can watch the full interview with reid hoffman tonight on my pbs program. >>> the paris attack

charlie: reid hoffman is one of silicon valley's most successful entrepreneurs.d linkedin. today, it operates the largest professional network on the internet with more than 400 million members. is also a partner in greylock who has backed some of the industry's biggest hits in recent years including facebook, instagram, dropbox, airbnb, and more.

first, lincoln founder reid hoffman. he is not the newer has become a venture capitalist.h airbnb and facebook. emily put the question to him simply -- are we in a tech double? read: and subways we're in a bubble, in some ways we are not. what is key is that it tends to be a private market bubble and the private market bubble does not have as much public market impact, so i think that it is not something that when you hearken back to 2000-2001, you worry about quite as much. emily: we are in a bubble in the private market but not the public market? >> a quasi-bubble. emily: i talked your colleague who said something similar, and someone else that we are headed toward catastrophic events. someone else also says that we are in a long-term best. why is there such a diversity of opinion? >> the question comes down to -- hamish to believe that new things will be invented that will be solutions to the problems that are not invented yet? inherently, you could build companies from essentially an idea to something really globally relevant and three years or four years or five years

know if they were looking at a $6 billion valuation in the private markets -- i sat down with reid hoffmanterday, the cofounder of linkedin, venture capitalist, and i asked him about the difference we're seeing between private and public market valuation. is there a bubble and what is he saying? take a listen. >> what happens is, and this is why i think there is a quasi-bubble, public -- public see othereople can people buying and selling and things, and they can kind of stabilize. private tents to be the player that puts the biggest check forward. it is easy to get an evaluation because someone jumps in at a higher valuation, believes the upward trajectory of the market, but that does not actually affect things like the internet bubble did, pension funds and everything else, because it is a very focused and small position. it is not a general public markets position. see more of them because i think people are trying to figure out, what are ,he next airbnb's, uber's they're trying to figure it out. it matters to them economically. you guess wrong. betty: i think it is interesting because

i spoke with linkened found er reid hoffman. >> most are global in nature and they think of their customersd so the problem is they've got to say, okay, how do we protect their interests the right way? they're not saying, how do we protect, you know, isis's interests? they're saying, how do we protect your everyday citizen in any particular country? so, by -- and that tends to lead you to the right way to do that is to do something globally. now, i've been thinking a little about this and i said, look, if the governments of the major world countries could get together and say, here's what we are all doing collectively, like we all agree on a kind of global treaty, this is what we'll need, then it's easier for tech companies to do that because they're not playing one country against another or one citizenry against another. >> you can watch the entire interview tonight on my pbs program. >>> the terrorist attacks are fueling the latest battle in congress over guns and background checks. thousands on the government's terror watch list, which includes the no-fly list, bought firearms in the la

. >> you can watch the full interview with reid hoffman tonight on my pbs program. >>> the paris attacks are also fuelin the latest battle in congress over guns and background checks. thousands on the government's terrorist watch list which includes the no-fly list bought firearms in the last decade. think about that. and all of the sales were legal. nancy cordess on capitol hill how that watch list iss not enough to stop a gunsale. good morning. >> reporter: good morning. a bill to close that loophole congress every year for the past eight years but it has gone nowhere. like all legislation involving guns, this bill generates strong emotions on both sides. >> if you're too dangerous to board a plane, you're too dangerous to buy a gun. >> reporter: democratic senator dianne feinstein calls closing the loophole a no-brainerer originally backed by the bush administration, the bill would give the attorney general the power to deny the sale, delivery or transfer of a firearm to anyone known or suspected to be a terrorist. the bill would apply to the approximately 420,000 people on the federa