just gottenng has off the phone with sheryl sandberg. us now from san francisco with the details. a strong quarter from facebook across the board. was success across all verticals, all regions that drove this. we talked about the topic of facebook live, given the early momentum we are seeing there, what are the monetization opportunities? is anotheris opportunity to increase engagement over all across facebook live can drive over all advertising revenue. take a listen to what she had to say. isthe explosion of video great for consumers and great for our business. if you think about all the new formats, live, but also recorded video. all of these formats are engaging and think they are concluding to our metric. facebook live is driving what they believe is time spent. i did ask about instagram. they are not breaking out revenue for instagram yet. instagramt estimates contributed $550 million of revenue. he said they continued to be excited about the possibilities on instagram, and that it is driving meaningful revenue. she did hand at mon

i stop -- i spoke with sheryl sandberg about continued engagement on facebook.o on the platform is great for our business. if you talk about new format, a lot of them are video, live and recorded, but also 360 pictures. all of these formats are engaging acreage of adding to matrix emily:. facebook now has over 1.7 billion users, two thirds of them use it every single day. i spoke with harry cartman, ceo of cargo. >> facebook has done an incredible job getting the entire world on its what form. if you look at advertisers, they are following where the people are. when you look at the ads on facebook. they are less brand advertising and more apt install ads. facebook has done an incredible job getting people on their platform. emily: you think the app install as are a weakness? harry: i call it the cocaine of the advertising world. if you are a startup and venture funded and you need to get people on your platform, facebook is one of the best ways to get those people to install those apps on their phone. emily: that is why we see a lot of ads for lips and food -- f

we will dig into the blow away quarter and hear from sheryl sandberg herself.s, our weekly roundtable focused on the explosion of interest in health tech with two longtime investors. this is bloomberg. ♪ emily: facebook out with earnings this week. it also got a big lift from what mark zuckerberg called the golden age of online video. i spoke with sheryl sandberg about video driving continued engagement on facebook. >> the explosion of video on the platform is great for our consumers and also great for our business. if you think about all the new formats, a lot of them are live and recorded, but there are also 360 pictures. all of these formats are engaging, and we think they are contributing to our time spent metric. emily: and that is paying off. facebook now has over 1.7 billion users, two thirds of them use it every single day. i spoke with erna, an analyst with forester, and harry kargman, ceo of kargo. >> facebook has done an incredible job getting the entire world on its platform. it's unbelievable. if you look at advertisers, they are following where th

emily: when it comes to messenger and whatsapp, i asked sheryl sandberg about monetization opportunitiesre, and she gave hints those are coming. take a look at what she had to say. sheryl: we are not breaking out instagram, but facebook is still the main driver of revenue growth but instagram is making a real contribution. we are excited about what is happening with instagram. we announced, 200,000 active advertisers, 75% outside the u.s. between facebook and instagram, we have the two most important mobile ad platforms. that's why we are seeing strong growth. emily: that is instagram. now let's hear what she had to say about messenger and whatsapp. we are in messenger, looking at organic activity happening between businesses and llyertisers, and we are rea happy to see we have one billion messages sent per month between businesses and people, almost all organic activity. we are doing very early testing to see how we can monetize and drive those engagements between businesses and consumers, but right now it is organic activity that we are looking for. emily: you are worried about the ove

you have leaders from warren buffet to aaron schmidt to sheryl sandberg coming out. and hank paulson. they're not allowed to publicly endorse because you are the ceo of a public company. i'm surprised that there is so much support and our u.s. companies that are global are nonu.s. companies that have a lot of business here and actually are speaking up more this election than in previous cycles. >> in the event that hillary clinton loses this battle, she will lose it in no small part and were that to happen because of the argument that donald trump appears to be making very effectively that people lost their jobs and industries have been destroyed because of trade and behalf because of energy policy and coal and steel. are you able to articulate an argument as a group of people that cuts through in important swing states and brings people back on board to the democrat party? >> very simple. hillary clinton is for broad based growth. she appreciates more than anyone the need that the rust belt in particular the manufacturing has been and she will continue program reinv

onspeak with sheryl sandberg the company's blockbuster quarter.his is bloomberg. ♪ emily: many of america's top rocketeer's work in the middle of the mojave desert. ashley travels to the landscape to speak with richard branson and discover how close virgin galactic has come to commercializing space travel for tourists. >> they are testing rockets and then there is testing rockets. you need to test a lot. the focus -- >> many of america's top here inrs work mohave. this is where the big kids play with fire. to offer tourists a chance at space. george was a nasa veteran and serves as the ceo of virgin galactic. a test area. >> nature does not like what we're trying to do. taking something that nature doesn't want and building it -- bending into an outcome. >> the spaceship will fire up its own thrusters and head for the heavens. it is a complex system and there are few places on earth where you can work out the kinks. >> if the only place you can design, manufacture and test a rocket motor and then fly into space. frontier ofhe american aerospace. >

she had an interview with facebook coo sheryl sandberg.p is speaking at a news conference in south florida after hillary clinton was nominated as the democratic presidential nominee. you can watch this event on the bloomberg. this is bloomberg. ♪ do it in style. i do not mean -- although i am sure you could. in decreasedise interest in the caribbean -- and the refugee crisis, cruise companies are blazing trails to places that are practically impossible to otherwise reach. we are joined now with the best cruise convention -- adventures. tell us some of the places you could go to if you were able to? >> it is amazing how far off the beaten path luxury lines are willing to go. this might actually entice you, we are talking about places like the baltics, even northwest, which goes from alaska up through the arctic and through new york. vonnie: that is insane. how much do these cost? on what we are talking about. might go for about $2000, not that. if you want to get the top three, that will go for six figures. mark: why would i cruise to these

sheryl sandberg told me the phaseshey are in of testing that, as well is that crossword -- what are otherevers that google can pull to add additional revenue streams? there has been talk of advertising on google maps, for example. >> there's a lot of properties where they can do even more different kinds of advertising. i think as frank was indicating, google knows so much about us. they have so much from our calendar, so much from mail, from the search that we do. the big word for google is contextualize. if they can start to contextualize your experiences, they can start predicting offers for things you might be interested in and deliver ads to those protections. they can make relevant suggestions and present new cognitive services that allow you to opt in and out, so you can have a more prescriptive experience. that's where google can go. they have the data to do it. emily: frank, in the other fiber, that'sle losing more money, $16 million, but they're also making more money there. what is your take on the trend? they don't break it down, so we don't know which particular bets are doin

lockwood murdoch, sheryl sandberg from a spoke from harvey went to the movie mogul.y are here at the conference which is known for big dealmaking. in 1995, it was walt disney who bought avt from cap cities. just a few years ago, verizon and a $4.4 billion deal but aol, a deal that was here in the sun drenched valleys of sun valley. they also talk about the future. among those discussions brexit and its impact on the u.s. economy and the future of media. media mogul barry diller is here and he thinks the model for creating television and movies is changing drastically. >> the internet where you can publish direct without going through anybody, you can use our video. you can use all sorts of devices to do it, will allow creators for the first time to not be dominated by distributors. and altogether healthy condition. reporter: big-name politicians are here. the prime minister of canada and the president of argentina to drama investment in his country. i am in sun valley having a great time. hope you're having a good one in new york. lauren: at adam shapiro, thank you.

was reported over the weekend she might consider the ceo of apple tim cook the ceo of facebook sheryl sandberg a part of that team. you combine it with a formidable team in the u.s. senate, i think it signals to the country that here is a president who can work with congress that can get things done. you even heard republican senators quietly and some even publicly say they can work with her on foreign policy issues, economic policy issues. so i think just the contrary. even today with president obama, she opened and opened with a lot of electricity, a lot of excitement and a lot of substance. and to hear the president underscore how smart she is i think only emphasizes the point more, amplifies the point more that she is not only ready but ready to work with congress in the process. kellyanne: today may be her best day with obama on the trail, because, as you suggest, john, maybe over time, it won't wear as well and she will be diminished under the far brighter star power of elizabeth warren, certainly president barack obama. the other risk there is she -- we all know that cool is is not tran

defending facebook, i do not have a dog in this race as they say but mark zuckerberg did hire sheryl sandbergnd does seem to be the move towards for lack of a better term, helping the company mature. did you see any of those steps in the right direction or not? >> i think so. i spoke very positively of cheryl in the book, she was very proficient in effectively running the ad side of the business. mark zuckerberg is brilliant but doesn't take a huge interest in ads. she was part of the adult supervision he brought in. deirdre: what was the most shocking part about working there, whether it was the sexism but the fact that females had a stricter dress code than males or anything else that you realized, okay, this isn't the place for me? >> you know, the sexism thing i didn't see myself, i think the more shocking thing, and it's good and bad, i think was the level of motivation at the time of facebook. one tends to cynical and when zuckerberg says we want to create a more open and connected world, we think there is monetary or mercenary subtext to it. the reality is people really, really believe

i mean, even sheryl sandberg, you know, just sit at the table. so, a lot of that is, you know, internal and making sure that women participate, gain confidence, they're encouraged. may: and so, you're seeing that change going on, so, that must give you some hope that there's gonna be a lot more girls interested in these fields and wanting to go into these fields. sangeeta: it does. i--i have a little bit of pause because in biology, we've had over 50% women for 20 years at the undergrad level. and if you look at the biotech startups in cambridge, 3% are started by women. so, there's something else that happens. it's not just enough to get them into college. there's, "who's in the boardroom?" "who's the--who's the founder?" "who are the venture capitalists?" you know, i think it's important that women--more women are coming in, but we need to do more to keep them in and to grow them up as leaders. may: that's encouragement enough, i think, when girls see those role models rather than just imagine it. sangeeta: i think so. actually, there's good da

i mean, even sheryl sandberg, you know, just sit at the table., a lot of that is, you know, internal and making sure that women participate, gain confidence, they're encouraged. may: and so, you're seeing that change going on, so, that must give you some hope that there's gonna be a lot more girls interested in these fields and wanting to go into these fields. sangeeta: it does. i--i have a little bit of pause because in biology, we've had over 50% women for 20 years at the undergrad level. and if you look at the biotech startups in cambridge, 3% are started by women. so, there's something else that happens. it's not just enough to get them into college. there's, "who's in the boardroom?" "who's the--who's the founder?" "who are the venture capitalists?" you know, i think it's important that women--more women are coming in, but we need to do more to keep them in and to grow them up as leaders. may: that's encouragement enough, i think, when girls see those role models rather than just imagine it. sangeeta: i think so. actually, there's good data

the way they do the call, he gives the big think and sheryl sandberg talks how the advertisers will like it and get the numbers. i thought sheryl did a lot of great stuff in the quarter talking about how the brand companies love it. compare that to twitter where basically said we have to go direct response. what these guys are doing, they have 60 million customers bubbling up. when you go to a major -- go to coca-cola and say listen we want to match your product with our video. i mean, coca-cola will say i can reach billions of people versus giving an ad to a domestic broadcast company. >> live is yeah the times are changing. >> international brand you're going to give a -- >> live video, i mean he made no secret of it. it is going conceivably they see it as the real growth opportunity. who knows. the early days right now. very early days. >> normally you would laugh. a guy says there's 1%. only 1% there. i can't laugh. i felt very small when i read the call. i felt very small, like i'm a small thinker. only thing i edent fy with him i play pokemon. they really do not think on the same p

sheryl sandberg will be speaking later on, and they're talking about, among other thing, brexit.ommerce secretary penny pritzker's going to be here as well talking about the u.s. economy and brexit. but we were concerned about media, so we had a chance to talk to barry diller, and one of the questions that he was asked had to do with the transformation of everything going necessarily not from tv to digital, but to streaming and to online web as well as mobile. and the loss of maybe original content. is and here's what he said. >> you've got, essentially, more buyers than you've ever had, but you also have so much more consolidation and so few actual decision makers. >> reporter: and so he's concerned, mr. diller's concerned about a loss of creative new content. he thinks it's all looking very cookie cutter and all the same. as for the wheeling and dealing, charles, no word yet on mega deals that might have come out, but if history is any indicator, there will be something struck at this conference. you know, air bnb is here, perhaps an ipo coming up down the road. but, you know,

you know, sheryl sandberg ceo, she loves saying we have a super bowl sized audience every day and nightey're trying to get the tv ad dollars. right now the ad dollars they're getting are mostly direct response ads which is install this app. they're great at that. but they want the big brands coming in too. >> so i'm not a bear on facebook at all, but i do wonder to the extent you think b the silicon valley bubble is going to pop if you thinks did, how that impacts their ad business. if you go through instagram or often the ads on twitter, they are many times for new apps. right? it's a lot of new apps out there. >> because it's a click through on mobile. >> it's a click through on mobile. makes sense to advertise there if you are a new app. to the extent you believe some if not many of these new apps are going to disappear, what does that mean to the business? >> you've lined it up exactly right. a lot of the newer ads coming or the money being spent are download this app. if start-ups start fading because of the way the economy is going, that's going to hurt them. same time i think the

the marketplace, but advertisers will tell you they look for credible alternatives, and even sheryl sandberga dollars on the internet, there are two places to go, off of it and facebook. tim armstrong thinks he can build a third alternative and he is taking small steps, one with aol, one with yahoo!, but it is nice having the firepower verizon and the balance sheet of verizon and the wireless customer and man behind race. that is pretty good building blocks to trade a third viable option for online advertisers. alix: all are less than $10 billion. [laughter] thank you. bloombergey for intelligence. busy day in terms of media m&a. jonathan: coming up, less than 1% chance the u.s. 10 year yields can reach 1.1%. that is next on bloomberg. 18 minutes into the session and stocks stable across the united states. from new york city, this is bloomberg. ♪ david: this is "bloomberg ." i am david westin in the hewlett packer enterprise screen them. coming up, the pandora ceo. jonathan: this is bloomberg. to the bond market we go, the where -- where the u.s. 10 year .s heading even lower they believ

you know, there are books like "lean in," where sheryl sandberg is like, women subscribe to having to be mentors. she suggests that we throw that out the window. where were you? faithful,sly are very but the question of mentorship, how critical is that? >> i would say it is vital, that in a lot of ways we should be mentors and mentoring others. christ discipled with people and train people to spread a message. -- and trained people to spread a message. -- my plasterold is here, so i will say he is the catalyst. the truth be told -- my pastor is here, so i will say he is the catalyst. case,uth be told, in our our district has been massively transformed. $750,000rom spending to not even spending $1000 in the general campaign. that can be attributed to meeting people where they are, loving them, serving them, going door to door in the off-season and saying i am here to serve you versus you go to -- >> you go door to door in the off-season? >> yes. you go with the opportunities to lift somebody up. that will pay dividends better than getting a big check or sending out mailers. the dynamic