this app looks pretty cool a lot like snapchat. slate said she should call it boomerang, because they are bringing it back. what it wealhets the appetite o user it is fair lynn investigative there i'm looking forward to getting my hands on t facebook will be operating you the companies as stand-alone vehicles. interesting whether that app is a stand-alone app, integrated in facebook or whether that has anything to do with whatsapp, regardless of payments. > how do you monetize this? show me how you make money? that prerelease is not a mistake, never a mistake, sends it out there giving it preview, lots of media, all over the internet. those guys aren't stupid them did it on purpose. >> okay, kevin, gonna press the pause button for a moment. we have a news alert four. kate kelly is back at hq and has news for us. kate? >> thanks so much, andrew. news that david tepor, vet well known hedge fund manager and his wife, marlene of more than 25 years, are considering the possibility of getting divorced. they have been living in separate r

. >>> taking aim at snapchat. the new app that could change the way you share pictures and videos with your friends. >>> and dr. oz on the defensive. why the popular talk show host is being scolded by senators on capitol hill. >>> i don't get why you need to say this stuff, because you know it's not true. >> you recognize him? that's dr. oz. he got a scolding from senators today on false and deceptive diet ads. the tv host and frequent "today" show guest says he's been the victim of scammers who use his discussion of weight loss products as endorsements and admits he has toned down his language when talking about some diet supplements, admitting there's no magic pill that helps you shed pounds. >>> a phone exchange may sound like a beauty school procedure, but those participating say it's a safety program that began today here in the bay area. consumers who worry about flame retardant chemicals in sofa cushions can swap them out. bring the cushions to san francisco's foam order show room. there they can get a disc

is it a snapchat copycat? covering faith, is it like snapchat? likes there is one catch.der to receive a photo or a vertical -- video, you have to send one. within the face book employee community. other than that, this is first day, a first test. what do you think facebook is trying to adapt snapchat? is that the goal? >> mark zuckerberg says in retrospect, the pope was a joke e was a joke. employees at facebook decided this would be fun to build, and then it is a part of their creative labs they're not a big book now.ace -- it is no hit. >> haber has fallen off the radar. any envelope -- any standalone apps i am missing? >> they were killed earlier this year after they have not been updated in a long time. they have instagram and they still have to prove they could goe users and do not have to acquire every in. >> can they continue to build? >> right. every couple of years we will have a multibillion-dollar acquisition. is that sustainable? we can try new things. some will work out and some will not. class i feel like you get a few days and you know. thank you so much f

is it a snapchat copycat? >> it works a lot like snapchat. there is a catch.order to receive a photo or a video, you have to send one. >> early reviews? >> it has done well within the facebook employee community. other than that this is the first day, a first test. >> do you think facebook is trying to adapt snapchat? is that the goal? mark zuckerberg says in retrospect, the polk was a joke. -- -- the poke was a joke. employees at facebook decided this would be fun to build, and then it is a part of their creative labs. they are not a big deal for facebook now. it is a small thing. if it works, it does. it doesn't hit their bottom line. >> facebook messenger is working at. apps?ere any standalone >> camera killed earlier this year. , theyok and instagram have to prove they can make products that resonate with users. the have to acquire everything. >> can they continue to build? >> right. every couple of years we will have a multibillion-dollar acquisition. is that sustainable? facebook has to show we can try new things. we can have this start up within a large

is it a snapchat copycat? >> it works a lot like snapchat. there is a catch.order to receive a photo or a video, you have to send one. so i can't unlock what you sent until i send you something. >> early reviews? >> it has done well within the facebook employee community. other than that this is the first day, a first test. >> do you think facebook is trying to adapt snapchat? is that the goal? >> mark zuckerberg says in retrospect, the poke was a joke. if it had actually succeeded, they would have taken ownership of it ver. employees at facebook decided this would be fun to build, and then it is a part of their creative labs. they are not a big deal for facebook now. it is a small thing. if it works, it does. it doesn't hit their bottom line. >> facebook messenger is working out. the paper has fallen off the radar. are there any standalone apps? >> camera killed earlier this year. they hadn't been updated for a long time. facebook and instagram, they have to prove they can make products that resonate with users. they don't have to go and acquire everything. >

they accidentally release an app yesterday called slingshot which seems like a snapchat competitor. don't know, do you see this having likes? >> it's too early to tell but one thing it offers is the opportunity for german tatian. -- for experimentation. they can experiment in messenger prior to rolling it out in their entire suite. >> do you think they release that by accident? >> i could not tell you. >> how do you release an app by accident? to medication, not just broadcasting generally to your friends, is something facebook will have to get. we are seeing snapchat really come up. >> david marcus was one of the first guest on "bloomberg west" when we started the show. what do you see as his trajectory? >he could have been the ceo of a company somewhere. as anould expect him entrepreneur at heart to start another company but like we said earlier, he has a huge opportunity with facebook. >> if you want to reinvent payments, there is no better positioned do it that a place like facebook. i think that was probably the opportunity. thank you both for being with us. we will see what ha

snapchat turns down a $3 billion offer from facebook. and uber is now valued at $18.2 billion. just to put that in perspective, at that valuation, uber is worth more than avis, hertz and sony. this has people asking, are we experiencing a massive tech bubble. investors be wary. if there is a tech bubble and it's ready to burst. how much damage could it cause? when pets.com and many other web based companies were falling victim to the last tech bubble, it helped drag the economy into recession. with an app that says yo, with that bringing it in a million. this is dangerous. it's high time to figure out what is going on. this does seem to me like this is the thing we're going to write about five years ago. >> is this is where we say, you ran out of ideas, we're going to get the million dollar idea to anybody who walks in the door. can you come up with good talking points about it. it's a low latency communication app. it makes sending a message like one tap, versus 11 taps to send to yo, it's not the yo that's important, it's the fact that you can ping someone. >> i'm defending t

it looks like a company taking an aim at snapchat.osh, if i send you an imessage, will it self-destruct in. >> reporter: walking through the different new bells and whistles, the new mobile operating system. we rather about predictive types, also new self-destructing messages, a clear shot at snapchat. i'm just looking at jan koomb, saying very flattering to see apple borrow, in quotes, numerous what's app. features, so he's taking a clear shot at apple. we're going to keep monitoring this feed, bringing you headlines as they cross. >> thank you, josh. >>> an investor is about to give his take on all this news, see if he's plussed or nonplussed. >> and the ceo will join us, and hi company is not a technology name. mystery monday returns right after this. we needed 30 new hires for our call center. i'm spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast? go to ziprecruiter.com and post your job to over 30 of the web's leading job boards with a single click; then simply select the best

i need to get off of facebook or find another site maybe snapchat. >> snapchat had problems with user breach. twitter is starting to do, it instagram is starting to run ads, they all do it. if there's a new social network, sooner or later they're going to get millions and billions of followers and not making money off it. cheryl: the other use for facebook, obviously their international headquarters are in ireland, makes lots of sense, but how is that going to affect the rest of the world? is the rest of the world going to go along with this? or because they're based in ireland, it's not a problem. >> i think sooner or later people will go along with it. cheryl: all right, frankie, it'sing about to be interesting to see how facebook handles all. this nothing is free on the internet. >> nothing is freeway. cheryl: and consumer groups have said nothing about this as well? >> yeah, look, everyone is trying to make money. that's what it is at the end of the day. cheryl: you are the ultimate sales guy. thank you, franky. we want to know what all of you think at home. here's our question to

we had target, ebay, neiman-marcus, snapchat, chinese hackers, iranian hackers. what accounts for what seems like a surge in malicious online activity of all kinds recently? wade, start with you. >> i would actually say it's a combination of things, some of which is a change in the threat environment. i think there's an increase in attacks that comes through increasing move online. we use a huge number of devices and we access more things from more places at all times, so that just increases the surface area over time and keeps doing that. i also think that the mechanisms by which we come to know those things are also increasing. they're not happening at a higher frequency but we're seeing a higher proportion of them because of accountability and all kinds of disclosure and other things like that. >> i don't think it's a particularly rise. i think it is more cognizance of what happens actually happening is early as 2011, the u.s. intelligence community's talking about the role of china and cyberespionage. i think 2013 was the year of the retailer attack. they're

it's facebook's answer to snapchat, the popular photo and video sharing app where messages disappear after a short time. online grocery shopping widely available, but not many consumers are taking advantage. a survey by pwc says the primary way to shop, and people want to be able to touch produce and other items they buy at the supermarket, which i can understand. >> that's what i was going to say. i have to touch the fruits and vegetables before i buy them. >>> thank you. disturbing new information about delayed care at va medical facilities. an audit released monday reve revealed 57,000 people waiting for the first medical appointment. that's not all. schedulers were told to falsify information to make wait time seem shorter. abducts, more kidnap in nigeria as 20 women were taken away at gun point. they isn't boko haram credited for taking schoolgirls back in april. six-time olympic gold medallist ensevered her spine in a four-wheeler accident this weekend. the swimmer told emergency workers she couldn't move her toes or feel anything touching her legs. after surgery, a spokeswoman

the thing expired -- snapchat. expires. >> the only time delete is forever is when your device crashes and you want to recover the data. [laughter] everything else, no, it's not forever. >> your instagram from your web site to my daughter, and he's like, oh, i don't believe that. >> one of the really nice things about working with theresa the last couple years on these books is that she has a very deep and really thoughtful knowledge of the way children use the internet ask how to be careful about that -- and how to be careful about that. one of the things that she has taught me and i now steal mercilessly -- >> i can't wait to hear what it [laughter] >> well, no, it's one of your points you always make. when a teenager thinks about privacy, who do you think they want to be private from? you. >> the parent. >> and other people they don't think of at all. it's just they want to be private with regard to their parents. and they don't care if everybody else in the world knows it in many cases.

i don't use any social networks because if you read their privacy policies of facebook, twitter, snapchatswipe, -- skype you have to give up a transferral license for eternity for the company for anything you input in the service and a privacy policy should be called an ownership policy and people would read it. >> what search engine do you use? i'm just curious. >> i use google search engine and assume everything on there is being tracked. one of the things i do there is feed it a lot of miss information. i also use google maps because i don't see another way that works well for my lifestyle. so i'm aware of those two. i also use blako on super privacy search doing health searches because health searches are valuable and thousands of lists out there sold by data brokers all the time with lists of rape victims or erectile sufferers, mental disorders and these data brokers are collecting every piece of information they can about you from search engines and social sites and all the different things you do out there. >> so you started the search engine called duck, duck go and how is it diff

they accidentally released ke sgshot which seems liek a snapchat competitor.o you see this not having legs? >> one of the things that it offers for them is the opportunity for experimentation. if they do want to do something with payments, they can experiment in messenger. >> do you really think they released it by accident? >> that i could not tell you. one-to-one communication, not just broadcasting generally to your friends is something that facebook is really going to have to get. >> david marcus is one of the first guest on bloomberg west when we started the show three years ago. head thompson he began the -- became the head of paypal. startould expect him to another company. he does have a huge opportunity here with facebook. want to reinvent payments, there's no better place to do it then a place like facebook. that is probably why zuckerberg was so excited to bring him on board. >> thank you both for joining us. we will see what happens. the annual electronics entertainment expo is in full gear down and outlay. we will preview the new games being showc

now with snapchat and instagram, they are also the way that kids communicate. >> i think facebook connects stealthily one of the most important things they've done. they've gone to other companies and said we will take over your userid, password, authentication problems and we will give you statistics about how users are using your website if you let us be the ones to gather that information. >> i think that's fundamentally correct. it's a great value on both sides. in my mind, over time facebook's ability to give a better online experience was really, really helped by facebook connect. it made it really easy to sign on to sites. you did not have to have 100 passwords. the quid pro quo of that, if the advertising is relevant, it will feel like a good deal. when you have as many members as they have, the number of ads is remarkably low particularly if you compare it to terrestrial radio or newspapers where advertising dominates the experience. the more accurately targeted the ad, the fewer of them you have to do to make your numbers. >> what kind of guitar did you get? >> gretch 6118, anni

this amazon is missing youtube, google maps, snapchat.f you look at the apps you're talking about, those are them. if you don't have that you can't attract people who are more serious about phone use. if somebody is already a great amazon customer, is that the person you need to convert? >> that is the risk. amazon prime customers are already the premium customers. but you are really getting at is can i demonstrate amazon services and can i get people excited about amazon services to get them to do more on whatever smartphone they are using over time? maybe along the way a track a few people to the platform. i think that they have gone overboard and they made it pretty complex in terms of the kinds of things you can do. you can also do it with others, shazam services, other augmented reality services. they are expanding beyond a direction. it is going to be tough to win the existing smartphone customer over with this product. you can say it is about demonstrating amazon services. >> brad stone of business week, and joe brown of "wired." c

facebook tried to buy snapchat $3 billion last year. have you been snapchating. >> no. >> as a parent i'm not a fan of it. i don't think it's the type of thing -- >> it's better than regular messaging. >> no. as a parent you can't track what your kids are sending back and forth. it's concerning. as kids get older you start to wonder what you're doing. not at this age but at some age. >> i would prefer everything disappear that they do. >> so it doesn't -- >> i think it makes them think things disappear. they feel like they can send stuff. you want to make sure -- >> if you live in europe now you can erase your history. it's all okay. >> there's a good -- there's a really good piece, i was going to send it to you, becky. >> does it have to do with ger s s germs? >> no. >> it's a narrative piece. >> i wouldn't have liked if you sent that to me. i'll take a welcome at it anyway. >> yes, take a look at it. if you look deeply, it's a vision. >>> brett stephens. international game tech knowledges reportedly hired morgan stanley to explore a s

now it is the instagram and snapchat with the kids. >> i think the facebook connect is definitely onef the most powerful things they ever did. -- stealthily one of the most powerful things they ever did. the way i understand it works is they have essentially given away -- they have gone to other companies and said, we will take over your user id, password, and problems and we will give you statistics about how users are using your website if you will let us be the ones to gather that information. but i think that is fundamentally correct. it is a great value on both sides. mind, over time, facebook's ability to give consumers the better online really helped by facebook connect. for people toeasy sign onto site. he did not have to have 100 passwords and you did not have to remember whether you checked into something before. and the quid pro quo of that, if all of a sudden the advertising is relevant to what you are interested in as opposed to not relevant, that will feel really good to you. on a this going to turn firehose of advertising revenues for these guys? >> i don't think so. wh

snapchat ceo evan spiegel found out the hard way., leaked, dumped for the world to see. here are a few pg emails he said to his college fraternity. shopping list, one kilo of blow. see everyone on blackout express soon. this kid was on route to becoming a billionaire. rage bummer, at least we have another tray of rubbing alcohol jell-o flavored shots. back with our all-stars, kaley and kerrey and imogen. there are many more offensive ones we did not get into. imogen, i got to wonder, what you think about the guy, sound childish. lou, he was in clerks only like a couple years ago, having said that that is what is scary here. all this just gets resurrected and dumped for the world to see. >> it is important what you said there, a couple of years ago. so he should have known better. when i was at university way back when kaley wasn't even born, we did do emails but we had no idea what the internet was going to become. neil: you had internet, in my day -- >> you have no idea, would be shocking. in the facebook age every kid knows out the

that void is being filled by companies bike snapchat where the young people driving these trends are they can share things in a way that's more private. that their parents aren't going to see. i think for myspace to move into that, they would have to acquire someone bigger. to build something a bit more. >> i want to flip and take a look at facebook. we were thinking about and talking about myspace. i was under my impress it was popular in the '90's. and reached its peak in 2008. can you see a road where facebook will become the myspace of the future? it happened so quickly with myspace. >> you're right. i think there are signs to watch with facebook as well. one of the early sign that is we saw at myspace, the pred -- precursor to the decline was we started seeing both the total growth numbers starting to flatten out and using the youth on it. it really is the young people, the millennials drives the trends. the top line growth has slowed down to 4%. while they're shifting people to mobile and they have an incredible number of users. i think they have 600 million daily mobile users.

a direct attack on snapchat. and video chat, very similar to what thesapp.ng a sarcastic protest yesterday, quote, very flattering to see apple borrow the features into imessage, ios 8,. and it puts it in competition with facebook, that bought it for $16 billion, largest purchase yet. and location, location-based social apps like glimpse and highlight redundant. they may like the ability to share the files and photos, that could eat into the drop box and the carousel photo sharing aep, and ever notes app. and for another company, box, the ipo, apple is a frenemy. it's in ios 8, but icloud is competing. >> i don't know. we talk about drop box being an acquisition target for other companies. what now? >> they don't have to worry. the track record of big companies doing really well is not that great. it's good in general for casual users, but people who want really deep and specific features pfeature s pick up the apps. a good acquisition. >> and with other services, a different kind of competition. box wants the publicity and the access. >> it's going to take

. >> then you got to the snapchat co-founders, instagram, edmoto. hello bruno mars. there's a lot of kids under 30 doing great things, they watched their parents suffer so they got fire under them. >> youtube michelle fam was broke, she started using the youtube tutorials, you can't walk into a subway, her billboards are everywhere. she has her own makeup line with l'oreal. >> it's supposed to be called kate's peeps, not kate's people. my problem with you and your peeps, everybody is sitting at home in the basement trying to beat out oculus, what happened to starting plumbing business, electrician business, we need those people, too. the millennials don't want to get their hands dirty and work. >> i have a tweet they think might shut you up a little bit. chase after your passion first, money will come later and maybe then you will move out of your parents' basement. charles: that was beautiful. >> i was told do what you love, if you're good at it, you will be paid. i think beggers can't be choosers, if we have the kids doing some, take it. >> they like to play video

mobile apps like snapchat and sites like ask fm have come under scrutiny for allegedly contributing tocide of some teens. but ask fm's founders tell "time" magazine they're the ones being bullied by the media. as sarah gangnam shows us, when the hateful messages evaporate into cyberpolice, the reality of parents trying to piece together what happened without any trace gets more complicated. >> tricia norman thought she was being a consciencious mom, keeping tabs on her daughters social media accounts. she found monitoring online communications was getting harder with things constantly changing. the recent trend, let's call them disappearing apps where messages can easilily disappear raising alarm about using to hide sexting or other inappropriate posts. it's not just parents. they're a problem for law enforcement too especially when something goes terribly wrong. >> she had just started sixth grade. >> rebecca sedwick was 12 years old. she was a good student but school was a challenge. her mother says she was bullied relentlessly. her mom closed her facebook account and pulled her out

not excited about the snapchat competitor, don't think it will get traction. but i think this one will get traction. >> coming up, carl icahn, the latest big investor to have a position in fannie and freddy. and strong auto sales numbers, hang on for the long haul? that and more straight ahead. ♪ just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where you can. so you can invest in the life that you want today. tap into the full power of your fidelity greenline. call or come in today for a free one-on-one review. ...i got lots of advice, but i needed information i could trust. unitedhealthcare's innovative, simple program helps moms stay on track with their doctors to get the right care and guidance. (anncr vo) that's health in numbers. unitedhealthcare. >>> it is time now for -- i wish you could see murphy's face. first up today, fannie mae and freddie mac, carl icahn with a position in the names. that i

. >> snapchat, facebook, they can maybe compete. >> isn't this a show about money? melissa: it is. tinder is trying to raise money, spend money, get money by letting people send pictures to each other trying to pick them up for a date. you don't think it will be all appendages? to someone never find on tinder, that is bill gross of the bond king is telling investors he doesn't even own a cell phone. he wants to live in the moment now that his cat's dead. >> so sad about that. melissa: i feel sorry for his cat but he wrote a whole letter to his investors and how his cat used to give him investing advice. that made sim sound a little crazy. now talking about the fact he doesn't even own a cell phone. >> he needs to get another cat. i have a cat. they're great companions. melissa: do you have an extra one. >> don't have an extra one. i will put up barbed-wire if he tries to get mine. melissa: should he have a smartphone? >> the cat had a smartphone. when the cad died the smartphone went with her. melissa: okay. mark, do you count on some one like this to be connected and -- >> absolut

so it's different than snapchat. >> you have to play to stay. >> right. >> hard to get used to all these>> i know. facebook, it's enough. >>> after more than two decades a bay area marine is home to stay. john ramos shows us how a boot camp buddy made sure he got a hero's homecoming. >> reporter: when master sergeant jack bernardo retired from the marines this week after 21 years, his old friend from boot camp jeremy epperson welcomed him home not just to his new life but to a new home. >> wanted to make something really special for him and his family when they came back. >> reporter: this beautiful house in suisun city looks nothing like it did when jack bought it back in january. press at this timety shabby then with see -- it was pretty shabby then, with bad paint and backyard. >> the carpet smelled. >> reporter: so jeremy called friends and business contacted and they staged a 10-day home makeover. there is new landscaping, front and back. new paint, a renovated kitchen and master bath. and even the smelly carpet has been replaced. the contractors and workers who helped say this was

facebook's answer to snapchat. messages disappear after a short time.users can only see messages on slingshot if they decide to respond and draw on photos or attach captions, again, taken down just a few hours later. >>> hillary clinton's memoir hits store shelves and clinton will appear at a number of book signings on the east coast and then her book tour comes to the bay area in just a few weeks. clinton's book highlights the decisions she made during her four years as secretary of state. no word on if or when she might announce a 2016 presidential bid. >>> well, there is a new king at hbo, "game of thrones" now the most watched show in hbo history. 18.4 million people tuned in every week to see the fourth season of "game of thrones" that surpasses the "soprano." 18.2 million people tuned in to watch, although no game is thrown for this girl, i find it entirely too scary. how about you, christina? >> our director ken is a big fan as well as gabriel. clearly i'm the one missing out. good morning to you, temperatures are looking good out there. it takes

facebook accidentally releases and pulse snapchat competitor slingshot.s users send photos and videos which disappear after they have been viewed. >>> toms is under sale by "los angeles times." the company could fetch up to $600 million. >>> retailer uniglow plans to raise prices by 5% of the japanese company says hike due to rising material costs and weakening yen. >>> u.s. foreclosure activity fell to an eight-year low in may according to a report by realtytrac. filings dropped 5% from april. >>> report from cisco estimates that videos will account for 84% of the internet traffic in the u.s. by 2018 it the report shows the world cup will generate nearly as much internet traffic as the australia had all of last year. that is today's "speed read" with time left to spare. liz: weeks after the u.s. justice department indicted five members of the chinese army allegedly stealing trade secrets from the u.s. companies, a new report accuse as second group tied to china's military and accuses them of online spying. adam: what does this tell us about the size and

that doesn't catch on as well as an upstart does it in a kind of rough around the edges way such as snapchat anybody's game, but what we're seeing is the applications that are built by the upstarts sometimes just somehow catch on a lot better than the things that have a lot more polish and are built by the big beer companies. liz: somebody should hire the georgia tech hackers because it's their game right now. colleen, thank you. >> thank you. liz: colleen taylor from san francisco. closing bell ringing in 27 minutes. while everyone's headed out of town for the first official week of summer, don't forget tomorrow is the summer solstice. as we've been discussing, the s&p poised to hit another record high for the third day in a row. our market panel weighs in on what to expect this summer. maybe you shouldn't have sold in may and gone away. hopefully, you didn't, you're watching us. >>> and going green seems to be raking in the green these days. from wicked's incredible success on broadway to the popularity of the incredible hulk, for example, and now retailers are getting in on it as well. gr

snapchat. kids turned it down. i don't know what they were thinking but got love them.or us laypeople out here? >> it's really interesting. i think about facebook. facebook is probably the only place on the internet where advertisers can contact you and you directly. so if i actually go on facebook, i can enter your name and put an ad and only you will see this. the fact that they can tar bet people so precisely and so unique, they found they can integrate it so the management systems allows them to target people very precisely. that has made a tremendous difference. >> what company's done it best? >> oh, my god. where do i start? there's -- in this sort of space, there's a business consumer space, i really love what nike has done. nike has really integrated social deeply strategy. so the first thing they've done is actually build their own platform, nikeplus platform as you can see. they're broadly -- oh, wow. >> we have a whole bunch up there. >> we've got a great team. >> what they've done is they build their own data that people can upload to their devices. they don

weaker and here we saw them taking on dropbox and bits of facebook and snapchat and areag to strengthenut to position themselves. i think there was quite a lot of catch-up. >> they talked about the number defectingwho were onto their devices and they are on china as an important part of their business. terms ofis huge in where that growth comes from. he talked about people defecting from android to apple. but -- bit going the other way. that has been a worry android is so big that developers focus on android. apple was trying to pull them back again. who is in the lead would you say right now when it comes to those services? >> it is difficult. there are a number of large players. developer its big conference in a couple of weeks. its conference at the moment. they are moving forward in ways at slightly different speeds. >> we -- where we heading on hardware? we're still waiting for this wearable device when and if that comes out. do you think that will be announced later this year? there are high hopes. >> there are high hopes. we might see a slightly bigger iphone. is it time for a ne

and i think this year the next set of snapchats, the next cloud services we see, this is going to beiority in everything. whether it's the app itself or it's the infrastructure. >> interesting. we'll watch it closely. >>> meantime, let's get to the cme group, check in with rick santelli. >> hi, carl. you know, if we look back at the press conference that we had last week with janet yellen, there were two areas that i found most interesting. actually maybe three. the first is fair value pricing for equities, but let's move that aside. the second was steve liesman asked the question about inflation. and many thought that janet yellen's answer really didn't typify the amount of attention some would like to see ahead of the biggest world central bank have towards potential developing pricing pressures. but the third area was quite clear. and the third area was a question about exit fees. now, the whole notion of exit fees, many on this trading floor, and there's some pretty sharp people that have been trading for many years, thought it was a balloon floated. that exit fees could stem a r

the answer to snapchat the popular video and photo sharing app where messages disappear after a short time. users can only see messages on slingshot if they decide to respond and they can also draw on photos or attach captions. >>> it is now 6:56. one final check of your day's top stories as you head out the door. five american soldiers are dead, possibly victims of friendly fire in afghanistan. officials say the troops were doing security sweeps when they were ambushed by taliban forces. the u.s. called for an airstrike as backup and u.s. officials say that strike accidentally hit the u.s. forces. >>> three children said to be abducted from san pablo were found overnight. the mother alicia ortez took the children from the father's home yesterday. he was found dead in the backyard. we expect new information in 15 minutes. a berkeley seismologist and a b.a.r.t. director will testify at a hearing at an early earthquake warning system in washington, d.c.ly examine the it would use. >>> as you're getting ready to start your day, maybe you need a sweater if you're in the city. >> you're no

have icons like mark zuckerberg, the guys from snapchat becoming multimillion and billionaires, theyon't necessarily want to learn from their elders. >> those are so rare. you have a better chance of winning the lottery. you're going to have to get used to the fact that you will have to work your way up. it will be a struggle. you will have ups and downs. that's just the real world. i don't know very many peoples are successful who did not have lots of downs in their careers. anyone with a meteoric rise is getting ready to fall. >> knowing how hard you worked in your career, does it give you pause from young people who don't want to work on the weekend, don't want to work for the man, want to be part of a community. >> it is darwin at work. >> what do you mean? always buy a lottery ticket, stephanie, and win $1 trillion, but generally speaking if you're going to get into goldman sachs, bloomberg, or at the local corner store, you have to work very hard. to work collaboratively, cooperatively. you have to be honest and flexible. if you are going to tell me you don't want to do this an

young people might share via snapchat. nothing new. 90% continues to happen off-line, when we talk to each other about videos. what brands have done is harnessed that word of mouth. talke want to share and about it. that way they can drive awareness. >> you are based here in london. you are growing globally. as you go abroad and say, we are a technology based in london? does the reception change? the report says there is great growth of the technology industry. >> we have seen great growth. we are in asia-pacific, singapore. say, we are in london. they used to say, very nice. now they say, you mean tech city . the government has done a good job of raising the profile of the british tech industries overseas. >> and we have the report in conjunction with boston media group which talks about some challenges. you need to keep nurturing talent. the funding process is very important. what other challenges does london have? key challenge. it's fiercely competitive. he have london university. we have cambridge, oxford. as the sect

right now when they have icons like mark zuckerberg, the guys from snapchat becoming multimillionaires and billionaires, they do not necessarily want to learn from their elders. >> they have to understand those are so rare, you have a better chance of winning the lottery. really no chance. you have to get used to the fact that you are going to have to work your way up. it is going to be a struggle. you will have ups and downs. that is just the real world. and i don't know very many people who are successful that didn't have lots of downs in their careers. anybody that has a meteoric rise just is getting ready for a fall. >> knowing how hard you worked in your career, it does not give you pause to hear from young people who want not to work on the weekend, who say they don't want to work for the man, who say they want to be part of a community, they want to be more thoughtful? >> it is darwin at work. >> what do you mean? >> because they are not going to be successful. you can always buy a lottery ticket and win $1 trillion. but generally speaking, if you are going to get into goldman s

we hear about this for uber, snapchat, airbnb., bill frist. >> what? >> a marine corps johnsgeneral. >> how did she get these people? >> everyone says she has this incredible will, aura and an almost monk-like dedication. they'll take blood in clinics they design and build and they're going to take it mainstream. you're going to hear more about it. >> and also, thomas, you might not have to go to driving school with carly. thomas and my daughter carly were going to go to driving school together. >> i have my permit but i just can't drive after sundown. >> this is another issue. >> we have a story about the end of driving as we know it. this is a phenomenal trend that's really happening on a pretty major level but i think you might see bits and pieces of it every day but when you put it all together, young people are getting their drivers licenses in far fewer numbers the average number of vehicle travel has been declining not just since the recession but since 2005. there's driverless cars, ride sharing, the car makers are setting

. >> what do you think about the massive success of instagram and snapchat? ofe photography. we just opened a photo bar store. we have four in florida and one in las vegas. we will have 50 by next year. you go in and download from instagram, facebook, whatever social network you use, you can print in the store actual polaroid photographs. we are not just about printing. it is about product. you can have a frame. these are valuable to you. you can print them in the store to take home and put on your shelf or your wall. >> where in florida? >> that is where we started. we are curators of innovation. we can embrace new technology that comes our way. we had an entrepreneur that came to us and had a great idea. strategic hardship together. it has been a wild success. we just launched a franchise this week. >> two people have too much trouble printing photos at home? it is glossy instead of matte? >> it is about product. there are too many images being captured. are one billion photos being taken a year. showhose shots the matter, me your favorite photograph on you

i'm hoping what we see like snapchat and the declining use of facebook as young people learn that publishings can get you into trouble. pchat allows you to publish temporarily and it disappears? >> precisely. --y choose the things where this is something about young people wanting some element of privacy and control over the way that they are presented. >> the photos that might appear on the internet, can you extinguish them from google? >> no, absolutely not. who was not being asked to censor things. -- google is not being asked to censor things. i expect -- i do not think google is going to react. asus the hope that they do not react. --re is a i-formation law defamation law. >> it is interesting that they put a flag. bringing one of these cases, your think seriously about doing it. it gives no indication -- seems to work, i guess. >> absolutely. again, we have to be cognizant of what might happen there. google might annoy everyone. [laughter] they are in a difficult situation. >> i don't think you have to worry. >> that is what i'm worried about. ramifications for the likes of the faceboo

. >> were you inspired by snapchat? er is really different.ontinuation of our core experience. >> but the pictures are only there for 24 hours, right? they have a lifespan. >> we want users to be able to share without the pressure of what they share being permanent. >> what are you doing to monetize the company? where are you in a process? >> right now, we think about user growth, but there are a lot of ways we can monetize and we think users will be willing to pay for the value we're giving them, from advertising to premium offerings. we will get there, but right now we're focused on user growth and successfully launching moments. married and have two kids so i have not had much reason to check out tinder until this morning, quite honestly, when one of my colleagues showed it to me, but what i was able to see very quickly is that it's fun, right? the level of user engagement, i have seen some of the design logistics, is off the charts. what i am wondering is can you tell how many of the people on there are actually matching up forming some ki

. >> you have to think about the the phone doesn't have, google maps, instagram, snapchat.ld someone give up their iphone to buy this? i have an amazon prime account and buy a lot of stuff on amazon and it's not that difficult. i don't know that i want a phone to make me shot more. the other question is, the features that do differentiate holographic images, do people want to see that every day? do people watch 3-d television every day? not really work out. jeff bezos talked about this. >> press and hold the lock and upbehind your pin comes firefly. the fireflies get released and they immediately start recognizing. >> the idea is that this phone makes you more connected to the amazon universe. a lot of people already are connected to the amazon universe. mark was quoted as saying he thinks we will look back on smartphones as a transition to ubiquitous computing. so does it matter has this -- how this phone specifically does or is it a step in the right direction? he don't want to leave it to apple and samsung, but there is still a big question. who is going to buy it? >> so