emily: what is next for sean parker? : i think life sciences is the single most interesting area of expiration. it is what social media was to meet in 2002-2004. is easy for a grad student to do something that someone would have spent 30 years of their life to do previously. i think cost reduction, because of new technology, leading to faster and faster progress, are an enormous opportunity. i think the question for this waiver century is how do we make sure that the technological innovations coming out of life sciences are available to everyone. emily: sean parker, think you so much for joining us today on studio 1.0. thank you for having us at your fabulous house. sean: thank you. ♪ haslinda: hello, and welcome to high flyers, the show that u.s. -- gives you a 360 degree view of asia's business elite. today we meet a father and son interests in some 30 companies. they are recognized as one of the most

emily: what is next for sean parker? i think life sciences is the single most interesting area of exploration. it is to the world today what social media was to me in 2002, 2003, 2004. the ability to get to get something where a grad student would spend 30 years of their life trying to do previously. but i do think that cost reduction, because of new technology leading to faster and faster progress, there are enormous opportunities. i think the fundamental question of the 21st century is, how do we make sure that the technological innovations coming out of life sciences are available to everyone? emily: sean parker, thank you so much for joining us on "studio 1.0." thank you so much for having us at your wonderful house. sean: thank you. ♪ carol: welcome to "bloomberg businessweek." david: defending yourself from online defamation. let's meet the editor. carol: we are here with the editor of "bloomberg businessweek," ellen pollock. you write about a capital mystery. meaning capital expenditure. ellen: we look at why comp

emily: sean parker remade the music business with spotify.ding to variety screening room will offer antipiracy technology that can help studios offer new releases in homes the same day the hit theaters. i sat down with parker at his mansion and asked to share his views on the minute -- music industry, his so-called hacker style of the future of social media. consumers turn to part -- piracy by and large when they cannot get the product through legitimate channels. there needed to be a legitimate market offering coming from the record labels and they could not get their act together for years to put that into the market. it was frustrating to watch this long, deleterious collapse of an industry that was producing something that i loved so much. we never went to see that happen. music sales peaked in 1999 and since then it has been years of decline. you are on the order spotify. do you think that streaming can and the years of decline that the music industry has been facing? >> sean: we're getting back into growth based on what i have seen at s

emily: what is next for sean parker?nk life sciences is the single most interesting area of exploration. it is to the world today what social media was to me in 2002. to getlity to get something a grad student would spend 30 years of their life trying to do previously. , do think that cost reduction because of new technology leading to faster and faster progress, there are enormous opportunities. the fundamental question is how that thee sure technological innovations coming out of life sciences are available to everyone. sean parker, thank you so much for joining us. thank you so much for having a set your wonderful house. sean: ♪ thank you. ♪ ♪ ♪ emily: he never aspired to be ceo. he now finds himself leaving a public company, determined to prove wall street wrong. jeff weiner rose through the ranks of warner bros. and yahoo! before linkedin cofounder reid hoffman made him a proposition to help run the professional social network. it was a match made in silicon valley heaven. weiner became the ceo he never expected to

emily: what is next for sean parker?es is the single most interesting area of reflection. to labhe ability to get on ship in so many cases where it is easy for a grad student to do something that someone would have spent 30 years of their life doing previously. i think that cost reductions -- because of new technology leading to faster and faster progress, the fundamental question of the 21st century is, how do we make sure that the technological novation's coming out of life sciences are available to everyone? emily: sean parker, facebook cofounding president, napster founding president, and founder of the parker foundation. it is time now to find out who is having the best day ever. the first place winner of the world drone contest in dubai. a 15-year-old from england named luke banister. more than two dozen people showed up to watch the pilots race against the striking backdrop of the dubai skyline. they were decked out in racing year and vr headsets. besides drone racing it will include robotic swimming, running, and

you can catch more of that interview with sean parker on "bloomberg west."id some interesting stuff about spotify and streaming. coming up in the next hour, the federal reserve kicks off its two-day policy meeting tomorrow. what can we expect from the meeting? we talked to john manley, next. ♪ >> it is 3 p.m. in new york and 7:00 p.m. and hong kong. welcome to bloomberg markets. from bloomberg world headquarters in new york, i'm vonnie quinn. as investorsate wait for the result of a huge week of central bank meetings, including the fed decision on wednesday. peaking of the fed, what will tomorrow's retail sales reports say about the state of the consumer? economists are predicting a lackluster picture. and there's been a recovery for momentum stocks. the wild swings in tech stocks and are they still overvalued? we are about one hour from the close of trading in stocks have been fluctuating with the s&p the laggard. the smp is higher very slightly today as we have

sean is on to his next act, offering new movie releases in home the same day they hit theaters. speaks with parker latest venture and his art and architecture, a look at his home. sean: this is the brody house. built in 1948. francis brody was a major art collector. this is a new thing for me. i have not owned many worldly possessions. in many ways, it is therapeutic because i spend all my time doing code. this was the first place where we made it our home. emily: i know you are super involved in a lot of the detail here, the art. sean: i love design, first and foremost. i've considered myself a product designer. these products do not become available very frequent lee. ellen's one piece of advice to me was don't ever take on the renovation of a historic property while hosting the oscars. and legal and tell me about these pieces. -- emily: tell me about these pieces. sean: they are very frail. i've gone from being the disruptor to being the character primarytown abby" whose response ability is to maintain the south. ; are you calling herself -- emily: are you calling yourself lord parker? sean: no

sean parker was largely linked to the rise of piracy and the collapse of the music industry. why he thinks the music industry has turned a corner. sean: consumers turn to piracy by and large they cannot get the product through legitimate channels, so there needed to be a legitimate market offering coming from the record labels, and they could not get their act together for years to put that in the market. it was frustrating to watch this long deleterious collapse of an industry that was producing something that i loved so much. that was never our intention. >> music sales peaked in 1999 and since then, it has been years of decline. you are now on the board of spotify. do you think streaming services can end the years of decline the music industry has been facing? sean: i think we have turned the corner and are getting back into growth based on what i've seen at spotify and apple. it looks like it has bottomed for a wild, of -- spotify could replace cd sales, the decline in cd scales -- sales and downloads but not both. >> how do you convince people to pay for services when the

sean parker is hoping yes. we have the details on that story in a moment. >>> welcome back. movie theater stocks all downgrade on concerns about tough comparisons for the sector. julia joins us with a sneak peek at the technology that aims to fight the rise of home entertainment alternatives. julia. >> well, take a look. this three screen panoramic theater with surround sound is called the escape and it launches here tomorrow in downtown los angeles at this theater. unveiling new laser projectors and immersive peekers. theaters are grahdealing with t fact that the number of tickets declined 7%. that's thanks to the explosion of premium content available at home and that threat will only continue to grow. sean parker is working on screening room to allow people to watch movies at home the day they debut in theaters. plus nearly half of all u.s. homes are projected to own a 4-k tv by 2020. >> we need to raise the bar. we need to do something that is so compelling that people put down the ipad and leave the couch and go to the cinema. this is why we created barko escape. >> thi

sean parker cofounded napster and became the founding president of facebook.n timberlake portrayed him in the movie "the social network." he has since settled down, married, and devoted his career to philanthropy. he has donated to

president founding and napster cofounder sean parker has a new business plan. the day of their release. users would pay a fee for the secure anti-piracy set-top box. >> consumers turn to piracy, by and large, when they can't get the product through legitimate channels. so, there needed to be a legitimate market offering coming from the record labels, and they couldn't get their act together for years to put that in the market. it was frustrating to watch this ang collapse of the -- industry that was producing something i loved so much. that was never my intention. music sales peaked in 1999 and since there it is been years of decline. you are now on the board of spotify. do you think that streaming services can and the years of decline --and the years of decline? decline?e years of sean: it looks like it has bottomed out. couldwild, spotify replace the the client cd sales and decline in downloads, but not both. how do you convince people to pay for services when there is so much available for free online? the music has played industry as far back as radio. with

napster co-founder sean parker is reportedly backing a startup called "screening room". it aims to let customers rent first-run movies that are still showing in theaters. variety reports... customers would have to purchase a secure anti-piracy box.... for 150 bucks. then.... customers could rent movies for 50 dollars... and would have a 48-hour window to watch it. the search for a suspect that never existed... that's the story in polk county. coming up.... the tall tale one girl told.... that police say one day you're enjoying rides, events, and up-close animal encounters at seaworld. the next, you're having fun at aquatica. year of aquatica for free. kick your feet up at aquatica's sandy beaches, and plunge down ihu's breakaway falls. then experience the ultimate thrill with mako, orlando's tallest, longest, fastest coaster, surfacing at seaworld this summer. get an annual pass, and play all year at both parks. two great parks, one great deal. if you're doing everything right but find it harder and harder to get by, you're not alone. while our people work almost all new

if netflix can't do it why does sean parker think he can fight the season mass and the big theater companiesy: he's giving 20% to distributors. >> they tried the same business model with directv. kennedy: people are clamoring for this. >> they will pay for it. >> i would pay $20 to $25 for a movie ticket and have to tell a woman her purse didn't pay for a movie ticket and you need to move it. kennedy: the show must go on. thank you guys so much. donald trump says he's okay if japan has a nuke. a brokered contested convention. that could be looming. that means an underground shadow kennedy: donald trump raising questions about nato. >> thank you to is obsolete. thatn't might can't be fixed. the united states cannot afford to be the policemen of the world anymore we have to rebuild our own country and stop with this stuff. kennedy: is he the man to rejigger in and is he right? let's break it down with people who know about national security and foreign policy. pete, is nato obsolete? that's his first claim. >> it's not oriented on the same threat it once was in the soviet union. russia remains

the screening room founded by sean parker is said to be pushing that idea.be as cheap as $50 to rent a movie in your own home that is still in theaters. they would need to purchase a set top box to get access to the first but this is up the company to try to disrupt hollywood. offers certain films but you have to buy the hardware. joining me now is the ceo of prima cinema. what do you think about his screening room plan? will it work? >> you know everything that i know about this so i wish i could tell you that had magical information that you don't. i will tell you that from my perspective, what really has to thisn when one talks about market is the creation of additional value not the disruption. create have done is additional value in the value chain itself so that we have the ability to preserve everyone who is in the existing value chain and not worry about how they will be affected and provide additional revenue to the studios. emily: the price point is a huge difference here. whatever he is working on the toce will be $150 compared $35,000. what does

and sean parker unveils his plan to let you pay $50 to stream a movie in the privacy of your own home on the same day it is released to theaters. it seems like a small price to pay by idiots talking on their cell phones. and long-time "red eye" guest returns to talk about his hit tv show" billions." here i thought he was thinking he was too big for our fun little show. back to you. >> thank you, andy. let's welcome our guests. she worked for overseas banks which is great because i have money i need laundered. she is the host of "risk and reward" on fox business network. his beard is thicker than the wool he pulls over your eyes. comedian joe devito. and he is as lively as jimmy olson in the new batman superman movie. next to me is andy levy. let's start the show. we now know the real reason for president obama's nude alarm. last week you will recall the president had an awkward moment when raul castro, the cuban leader tried to raise his hand in solidarity after the historic press conference. take a look. ♪ raise your hand ♪ if you're sure ♪ raise your hand if you're sure ♪ >> the pre

the at home movie service by sean parker which would let viewers stream for $50 has another detractor. yesterday we reported james cameron and his production partner john came out against the service. now, variety reports instellar director spoke out. several movie screenings are study -- miracles from heheaven had a -- they estimate the movie starring jennifer gardener opened in $1.9 million wednesday night. ready player one may have a new player. the hollywood reporter says join the cast of the sci-fi flicks directed by steven spielberg. he'll be seen on star trek beyond on july 22nd. >>> and a lot of people are talking about this story on social media. an unexpected visitor showing up at a lakeland school. >> look at the size. 9 feet, 11 inches long showed up at the geneva a cam mee on highland's road. the teacher captured this video. you can tea a -- you can see a trapper capture that alligator while those watch in the background. >> that's when our dismissal started so we have 200 kids to dismiss through. so it caused a stir for us. >> you can imagine, cars had to be detoured aro

sean parker co-founded napster in 1999 and went on to become the founding president of facebook.ding tech snoop dogg and others. justin timberlake portrayed him in the movie "the social network" as tech bad boy. he has since settled down, married, and devoted his career to philanthropy.

if netflix can't do it why does sean parker think he can fight the season mass and the big theater companies he's giving 20% to distributors. >> they tried the same business model with directv. kennedy: people are clamoring for this. >> they will pay for it. >> i would pay $20 to $25 for a movie ticket and have to tell a woman her purse didn't pay for a movie ticket and you need to move it. kennedy: the show must go on. thank you guys so much. donald trump says he's okay if japan has a nuke. a brokered contested convention. that could be looming. that means an underground shadow campaign happening as we speak. if a denture were to be put under a microscope, we can see all the bacteria that still exists. polident's unique micro clean formula works in just 3 minutes, killing 99.99% of odor causing bacteria. for a cleaner, fresher, brighter denture every day. as long as you love me, it's alright bend me shape me, any way you want me... shape the best sleep of your life. sleep number beds with sleepiq technology adjust any way you want it. the bed that moves you. only at a sleep number store. yo

it is happening as -- you know, the service, we talked about it, the guy from -- sean parker. the guy from napster. for $50, rent the movie that hits the big screen in the theater and people will do that and the theatres have to find a way to get people to pay tickets. instead of saying they'll watch the movie in the comfort of their own home. >> john: there is a demand for that. the kids can be annoying but there are a lot of annoying adults in movie theatres, too. >> i agree with that! especially with cell phones. i can see the light though it is on vibrate. shut it off. >> john: please do. to universal studios. what do you got? >> willie wonka inspired chocolate factory. calling it the chocolate factory and they'll show you where you can buy it and the sundaes look amazing and key lime pie but are serving real food as well. why bother with this burger and the sandwich when you can have a sundae or a milk shake. >> john: why fill up on that stuff when you have the chocolate and ice cream in the end. >> how much are the shakes going to go for? >> john: $6.50, $7? >> i was thi

several major studios have all exsepresd interest in the venture the new company is led by sean parker the same person who founded n aps ter. >>> we fear running out of battery life but there's good news. there are some ways to stretch your tt hogs, turn down screen brightness and switch off auto brightness services. turn off blue tooth and gps until you need them don't use v ib ration. all greets advice. >>> we have a few recalls to tell you about. three million boxes of frozen dijorno pizza, lean cuisine are all involved, nestle said customers found pieces of glass in their food. nobody was hurt. they live it may have come from spinach used in the frozen foods. >>> pistachios could have salmonella. nine states have reported cases of people getting sick. the nuts were sold under the brand name wonderful, trader joes and paramount farms. there are a lot of different bags and expiration dates involved. we have a link to the list for this recall and the frozen meals on the free wusa9app. >>> lawmakers have proposed a new act that would give the transportation department the ability to ba

according to the huffington post, tim cook, elon musk, sean parker all attended a forum trying to figureut how to stop donald trump. also mitch mcconnell. house speaker paul ryan and the list goes on. bill crystal who lead this charge over at the national review but this is speaking to where tech is right now? >> i got to actually pour cold water on part of this. trying to do some leg work on this this morning. talked to someone familiar with this meeting. it's tricky because the american enterprise institute plemeeting supposed to be off the record. but i'm hearing that tim cook was not part of any specific conversation about donald trump at this meeting. there's a lot swirling around because of this report but tim cook i'm hearing is not part of any discussion about donald trump. that's important because of course donald trump had said some things specifically about apple and the iphone encryption case. of course this is politically sensitive. trump had called for a ban on apple's products but i'm hearing that tim cook was not part of the discussion. >> the washington post puts a story

among the attendees, tesla's elon musk, google's cofounder larry page, napster creator sean parker, apple'seo tim cook. senate majority leader mitch mcconnell, political strategist karl rove and house speaker paul ryan. >>> an american tourist was killed and ten others wounded in a stabbing near tel aviv. police say the attacker stabbed the victims along a popular boardwalk. officers shot and killed him. the stabbing happened about a mile from where vice president joe biden was visiting israel's prime minister. the vice president condemned the attacks. >>> major hurdle removed in california's plans for a $64 billion high-speed rail system. a sacramento county judge ruled that the plans do not violate promises made to voters when they approved state financing for the project. attorneys to who represents kings county and a group of landowners wanted to block the financing. they claim that the state's projections on ridership and other figures were not reliable. but the judge said the system is evolving so it's premature for the court to intervene. >>> san francisco supervisor david campos wan

among the people were tesla's elon musk, google cofounder larry page, napster sean parker and apple ceo tim condition along with republicans senate majority leader mitch mcconnell, strategist karl rove and house speaker paul ryan all reportedly there. >>> some heavy hitter. >>> pedestrian deaths are on the rise in california. a new study shows they increased some 7% in the first half of 2015 over the previous year. just under 350 californians were killed by cars. nationally, pedestrian deaths went up 6% during the same period. but the nonprofit behind the study says once final stats are compiled, that number could be even higher. >>> state lawmakers are making a new move to tax mike sugerman in california. they would have to pay a health impact fee of 2 cents an ounce for the distributors. $2billion a year in revenue would help fund health issues. >>> time now 6:0. a group of college students is accused of running an international drug smuggling ring. what they had to say when we confronted them. >> a rare phenomenon providing spectacular views over indonesia. we'll take a look at some

elon musk, larry page, napster sean parker,apple ceo tim cook , senate majority leader mitch mcconnell, strategist karl rove and house speaker paul ryan were all there. >>> time now 5:10. bart says keep your seat to yourself. coming up, how the transit agency plans to punish passengers who take up too much space. >> from the kpix 5 weather center, sure, we have light rain right now but i'm tracking heavy rain and we'll tell you when you should expect it. >> dealing with wet roads out there but mass transit is on time including ace rail. i'll is details coming up. ,,,,,,,,,,,,,,,,,,,, >>> good morning. it's "hump day." we have sprinkles out there with mostly cloudy skies. we have temperatures in the low 50s. the snow report coming up in five minutes. >>> a crackdown on bart for passengers' bad behavior. from "manspreading" to hogging seats, kpix 5's john ramos says, it could cost you >>> reporter: as the bay area's economy grows, competition for a seat on bart is heating up. and so are people's tempers when they see this, or this, or even this. [ laughter ] >> that's rude to take up tha

and sean parker unveils his plan to let you pay $50 to stream a movie in the privacy of your own homeay it is released to theaters. it seems like a small price to pay by idiots talking on their cell phones. and long-time "red eye" guest returns to talk a

attendees included apple ceo tim cook, google cofounder eric page, facebook investor sean parker, asl as senate majority leader mitch mcconnell, political operative call wrote, and paul ryan. the main topic was how to stop trump. for more, we're joined by the man who reported it, nick baumann. hilatest pce is helined, " atecretiveeeting, ch ceos and top publican commisate pl to storump." this ces as leing esblishment republican political figure. 're going to turn right now to nick baunn. talk about the signifince of at happed yesteay, donald trump 13 of the four primaries and caucuses that ted cruz one 1, and what happened at sea island. >> so donald trump continues to rack up delegates and that is sort of at the heart of the race for the republican nomination. marco rubio, who is a favorite of the establishment at this point, out of the remaining candidates, may not win any delegates from last night's contest, and i think the establishment is having this sort of confused moment where there partially trying to come to terms with trump being the nominee and also trying to figure out i

attendees included apple ceo tim cook, google cofounder eric page, facebook investor sean parker, asl as senate majority leader mitch mcconnell, political operative call wrote, and paul ryan. the main topic was how to stop trump. for more, we're joined by the man who reported it, nick baumann. hilatest pce is helined, " atecretiveeeting, ch ceos and top publican commisate pl to storump." this ces as leing esblishment republican political figure. 're going to turn right now to nick baunn. talk about the signifince of at happed yesteay, donald trump 13 of the four primaries andaucuses at ted cz one 1, and wt happen at sea island >> sdonald tmp conties to ck up degates and thais sort of the hea of the ce for e republan nominion. mao rio, w is a farite ofhe estabshment a this pot, out othe remaing caidates, y not wiany delegatefrom lasnight's coest, a i thinkhe establisent is hing this sort of coused momenthere the partiay trying tcome toerms withrump beg the minee analso ting to figure o if theris a way that thecan get out of king trp the nonee. his is aannual nferencef the amican enrpr

. >>> a new report from the post says tim cook, larry page, sean parker and elan musk attended over thekend off the coast of georgia. the event was hosted by the american enterprise world forum where the topic was how to stop donald trump. the tech ceos were joined by mitch mcconnell, karl rove, paul ryan. we have heard similar stories, folks in the valley having meetings for the race at large. >> this isn't something trump will use. i don't know. it's funny. the republicans and business leaders don't necessarily all go together. this united front. again they are against me. people love that stuff. i don't know. >> you have heard the report. >> i predicted bloomberg wouldn't run also. >> the mets are going to win this year. >> there you go. >> anything else? >> no. >> okay. are we good for today? >> yes, i am. into apparel. just be aware. every day a group goes nuts. jcpenney is getting a remarkable rally in restaurants and retail. >> look at a ten-year of ross stores. that's a crazy chart. >> what a great one. one of the analysts said, do you remember when off price was something you d

sean smith, a corner back, gets a four year deal worth 20 million guaranteed. he has 10 interceptions in seven years and was suspended last year with kansas city for dui. >>> jarrett parkernot pitched since 2013 recovering from three arm injuries and today in spring training this. ♪[ music ] >> scary stuff, doctors calling it an elbow impingement and are optimistic. he's broken his elbow. he's had two tommy johns surgeries in three years. we'll be right back. ,,,,,,,,,,,,,,,,,,,,,, what will you do?ctric nissan leaf... ♪ how far will you go? ♪ how much will you see? ♪ electrify the world. now with a class-leading 107 miles on a charge, the nissan leaf is the best selling electric car in america. ♪ newscast i >>> the late show with stephen colbert coming up next. >> loretta lynch on that show for you. >> coal miner's daughter? >> no. the attorney general. see you in the morning. >> have a good night! >> announcer: stephen colbert, everybody! ♪ (cheers and applause) captioning sponsored by cbs >> stephen: hey! welcome to the "late show." (cheers and applause) >> stephen: thank you, everybody! that's nice! why not? (cheers and applause) you feel it? you feel it? (cheers and

sean smith, a corner back, gets a four year deal worth 20 million guaranteed. he has 10 interceptions in seven years and was suspended last year with kansas city for dui. >>> jarrett parker has not pitched since 2013 recovering from three arm injuries and today in spring training this. ♪[ music ] >> scary stuff, doctors calling it an elbow impingement and are optimistic. he's broken his elbow. he's had two tommy johns surgeries in three years. we'll be r,,,,,,,,,,,,,, newscast is >>> the late show with stephen colbert coming up next. >> loretta lynch on that show for you. >> coal miner's daughter? >> no. the attorney general. see you in the morning. see you in the morning. >> have a good night! ,,,,,,,, narrator: breakfast. dishes. dinner. dishes. marriage. dishes. divorce. dishes. sleeping. (snoring) (sputtering) dishes. not sleeping. dishes. life. dishes. death. dishes. existence. dishes. dishes, dishes, dishes... every dish, every time. only finish has the power ball to take on anything. >> announcer: the following is a paid presentation for the nuwave oven pro, brought to you by the makers of the nuwave precision induction cooktop.