snapchat doesn't even have a business model. there is no advertising on snapchat.y don't make money that we know of. is there something we don't know about the business story here? >> no, it's still just building users and getting big valuations. it is rumored to be a $10 billion. you could argue that the bargain when you compare it to 18 billion dollars for whatsapp. but the business model has not been defined. >> snapchat has something like 100 million users every month. and you have whatsapp with something like 600 million monthly users. ryan, is snapchat something that could pump out the other contenders? is it getting more popular or less? especially with all of the competition that you mentioned. >> yeah, i think that what gene just mentioned with his research makes a lot of sense to me. i'm even surprised it's that high of a percentage. i think he said it was 4% or 5%. being used as a primary social network. i do not see snapchat as being a primary mode of communication. maybe it's because i'm in the u.s., and so much what that user writes about his abroad.

becoming ae snapchat full mode of medication.be because it is i am in the it asbut i did not see competitors. it is very much information transfer, i need to get the message out to these people. about him person conversation and you do not need to filter as much. >> someone out there thinks it is worth $10 billion. thank you. straight from the source. gene munster always with us. really appreciate you giving us the real story on the popularity. the former chief of staff to president obama and now mayor of chicago. why is rahm emanuel selling data centers? details on that next. >> 26 minutes after the hour. that means bloomberg tv is on the market. take a look at where stocks are trading today. could not hold onto the record from yesterday necessarily. we will see. let's look at where we are today , seeing shares rising i the most in more than two months. plan. a possible takeover second-quarter earnings fell by 59% but joe came in above wall street estimates. radioshack rising from a second day. could be getting a lifeline. about

mom and pop are not buying in snapchat. these are wealthy people that quite frankly don't care if they sink money into ten of these things. one san moon shot winner. the others -- maybe a referendum on where you are in the nasdaq, 500 points away from 5,000 as the markets keep climbing. these valuations keep surging. i don't care if it's air b & b at $19 billion or uber, pick your name, pick your start-up. valuations are starting to get a little -- >> well, extremely hot to your point. i agree, judge. here's the thing. a squeeze play. everybody is in search of growth. all of the companies, talk facebook making acquisitions. apple making the beat acquisition. everybody is looking for ways to find the growth. it's about innovation of what's going on out there. now can that translate into these companies and actually integrate into the companies to mean something later on? a lot of people betting it will. josh's point. this is not the public. venture capital money going in. >> bring in kurt wagner from re/code joining from san

is it snapchat or something else? >> i think snapchat, instagram, and especially among girls there is this shot that's taking off. a.p. shots. -- appshots. facebook is very utilitarian as i have talked about in the past. in terms of coolest, it is really up there between snapchat and instagram. i'm hearing about some others, but for the most part, everyone is using snapchat and instagram. and twitter is just occasional. >> interesting. how about you? >> it is interesting to see this shift away from public identities to more ephemeral networks such as snapchat, a couple of other things. like fast. you see students getting somewhat disheartened by how much we really have to put ourselves out there. you will notice on facebook, every post become something everyone has to judge and see. it becomes a like contest. it moves to something more intimate, like snapchat, and fastapp and others. >> people are becoming more concerned about being more public. we have to point out that snapchat doesn't even have a business model. th

snapchat, i send a message to you on snapchat. you receive it and it disappears in 10 seconds. >> it's really fun. i'm not an active snapchater, there are people who are older than millennial generation who are enjoying it. a good way to share. stuart: you think i in my geriatric years are going enjoy it. >> you have the potential. stuart: you tell me you have the potential to monetize that. how do you get money out of a message that disappears in ten seconds? >> there is video chatting on snapchat. different ways to communicate. there are rumors more features are coming, more ways that news organizations can collaborate as well. evan spiegel, the 24-year-old ceo is meeting with media executives. you're talking about a potential platform with connected verticals. stuart: 24 years old, evan spiegel. >> 24. stuart: do you know how much he owns of snapchat? >> a good chunk of it. he's based in l.a. if you have the silicon beach phenomenon expanding as well, l.a. is a booming place for tech. snapchat leading the way there. stuart: it

are others in a position now to follow the snapchat lead?s really interesting in the evolution of los angeles. 2014, it was a time of education and organization. what you see now, once they have learned the playbook of venture capital, we lived in a town of storytellers. so los angeles is probably the best place in the world to tell a narrative. what's happening now, you see a lot of entrepreneurs getting money and trying to execute. what will happen next, a lot of them will fail, and that is ok. some of them will sell for $30 million, $50 million, and what is important about snapchat and what it teaches entrepreneurs, is what was a $200 million exit a year ago would have been everybody high-fiving and saying, that is incredible. i was in san francisco on wednesday with a venture capitalist, and an entrepreneur was almost apologetic that he had just sold his company for a few hundred million dollars and moved on. in l.a. you have a $50 million win and the person gets rich by the employees don't, and the venture capitalists don't see a return

i have to ask, do you use snapchat? >> you know what? i don't.it's because i'm not a teenager any more. i've never used et. but i was late to the game in terms of candy crush and twitter, so maik maybe i'm not the best indicator. you use it, right? >> i do use it. and i have to say, once you start it, it's a little addictive, kind of like candy crash. >> maybe i don't even want to get into it, then. >>> let's move on, best buy shares disappointed for the third quarter in a row and the company expects they're going to have to get tough. the largest electronics consumer, the tra brick & mortar store has been rising. but as courtney reagan finds out, there is a way to beat that. >> traffic. for most of us, it's a hassle. for retailers, it's the holy grail. just getting shoppers in the store has become a feat. while many say a sale on their website is just as good, a sale in their stores is technically more valuable. the higher overhead cost of operating the store fleet. still, retailers are learning online and mobile presence must be as strong as th

they plan to launch snapchat discovery in november."wall street journal" this would show news content and ads what comscore say are 27 million users amount dozen tv companies and networks like the newspapers like "the daily mail" are being pursued by snapchat to provide this content. imagine, that disappearing news reports. this is the first time snapchat would roll out paid content of any kind. companies like grubhub, plus celebrities and athletes are connecting with their fans through direct snap. and the stories feature on snapchat. we can talk all day how this is such a lucrative space. according to a snapchat pitch obtained by digit day, users send 700 million photos and videos each day and check account 14 types daily on average. 50% of the users are between the age of 13 and 11 years old. rival messaging apps, lime, whatsapp, we chat and asia focused or global focused messaging apps are making money by charging fees or stickers and games. this would complete a recent rollout of a bunch features including direct messing a and vid

it alibaba makes an investment in something like snapchat, does that mean that snapchat becomes a company blessed by the company in china and is therefore the only messaging app allowed to grow in this market and becomes worth more by virtue of the alibaba investment? >> that's an excellent point. in some cases, that is likely the scenario. look who ali baba is modeling themselves after, softbank. when they made all of those investments in the u.s. many years ago in the late 1990's, yahoo!, e*trade, they were the gateway to japan and asia. that is how yahoo! japan got so big. , if alibaba were to make an investment in a media company, which i doubt they would do, that those companies could be successful in china. there are some things that china will not allow to happen. i ensure sure part of their argument with people is we have the connections and distribution, we can ring you into asia. i'm certain that is a large part of the dialogue going on. >> is it crazy to think that alibaba could be in a position, after its ipo, to buy yahoo!? >> it is in that position now. i believe it's -- if

snapchat is an interesting property, but 10 billion?e'll see. >> carl, the simple way to think about it, a like musical chairs. they're going to pull the stops and see who has a seat and who does not, but to me the thing that's -- this isn't really an issue for the broad market. a very small set of people with moderate amounts of money, very high valuations. this isn't an issue for the broad market. >> saying gopro might be overheated. but at that market cap -- that is essentially half the size of what we're talking about about snoop kha snapchat. you wonder because the companies are in the private market, does that give these number, $10 billion isn't close. still looking at more strategic money. could go the way i look at thes things, look at durable context and in a segment context. historical context, this is a precedent valuations and have been really for about three or four years. ever since the private -- of facebook and twitter. and have been for -- ever sinsz the private financings of facebook and twitter of a few years ago, bu

motivated snapchat is boasting a ten billion of users per month as apps take off. billion fair investor park cuban is behind him with the disappearing app soober dust he says will help get rid of your digital foot print. joining us is billion fair investor mark cuban, tanks for being on the show. >> thanks, for having us, melissa. >> how did you come up with the idea? >> i had a message with the sec, everything i wrote, they decided to create their context. if i said the sky was blue. they said you didn't mean that, you were trying to fool us. i said i hate to lose in maverick's game, they said, you hate to lose, it was ridiculous, it made me realize when you hit send on a text, you lose ownership of that. not only do you lose ownership, you retain responsibility for that text. we've all had it happen in our personal lives and business lives, where someone kept a text. you know someone that kept a text and posted it on social media. it pops up all the time. so i created cyber dust with the bottom line of creating a simple messaging application and at its core, noth

it is a big day for snapchat. they are said to be nearing a new round of funding that will value the company at $10 billion, nearly three times what facebook offered to pay for the company last year. i want to bring in bloomberg editor tom giles. are we in a tech bubble -- all of those questions. >> as you said, it makes no money, so why do people want it? first of all, it is a popular way of communication for young people. these sites, the facebooks of the world, they want to tap into how teens are keeping in touch, sharing information, photos. what you see with someone like kleiner perkins, they are looking at what kind of valuation they could have in the future. you think $10 billion is a lot. facebook $819 billion for their deal a few months ago. they are looking forward and saying they will keep getting users and the attention of the next generation of internet users that some buyer will want to get down the road, possibly more than $19 billion. that is what they are looking at. yes, maybe somebody will find

cheryl: you all know about snapchat. at least your kids probably know about snapchat. they don't want you to know about it. we go from campus craze to 10 billion-dollar business. smart app that makes photo messages disappear is worth more than some long time favorites. you tell me if it makes sense. topping household names in valuation, foot locker, staples, avon. all this is big money valuation despite the fact that snapchat is bringing almost no revenue, zero revenue. bring in somebody who is big revenue. charlie gasparino. "wall street journal's" james freeman with me as well. dominic tavella of diversified financial. they don't make money. what is going on? >> that was the problem in 1998 and 1999. that was before the nasdaq blew up in march of 2000, went from five to one in the index. i don't know what it is now. some firms had no revenues during those insane times actually made it. they came back. they're profitable first right now. a lot of them like pets.com didn't. cheryl: good times. remember the sock puppet? this is role of the dice. the street is much more

snapchat in talks to offer for services. the mobile app for vanishing messages could be a service for things like disappearing video clips, news articles and advertisements. back to you. >> all kinds of things go on in the market mz snapchat, a local company. a check of the weather. >> we don't want to say snapchat quickly to her. have you activated doppler? >> not just yet. it's on the forefront of my mind. i don't have anything to show you just yet. but we are expecting drizzle to continue to come in. right now it's offshore. expecting marine layer to push inland. we'll show you live pictures. we've got cameras strategically placed across the bay area where you live. 65 in oakland. 61 in san jose. 63 to kick off the day in san martin. i wanted to start with a live picture from high atop mount hamilton. as we head throughout the next couple of hours, though, expecting that fog to thicken up and the same deal here in ocean beach. we have pretty good visibility at the immediate surface for now. headed back to school, little o

a new funding round for snapchat at $2value the start up

snapchat, no comment as well.ld be an interesting move for a start-up looking to build revenue. >>> when we come back, a itch maer milestone for music app shazam. the ceo of shazam joins us in a cnbc exclusive to explain what exactly it is. >>> plus, hiring former david plouffe, uber, to run its communications. covered that with competitive lyft on this program. today's "squawk on the street," who does lyft need to hire to respond? your answers later on this hour. tweet us. >>> shazam launched as a music identification app a dozen years ago. now it's much more, and today announcing a brand new milestone. julia boorstin is live in l.a. with the details. julia? over to you. >> kayla, thanks. shazam's announcing today its mobile app grown 34% in the past year to over 100 million monthly active user giving it a bigger mobile user base than pandora, pin tricht or snapchat. downloaded to 500 million devices and user shazam 20 million times per day. uses. the app built its business on music recognition. ability to identi

when you have a tech start uplike snapchat. this is echos the late stages. this starts to make me worry. do you worry? >> not really, snapchat is interesting, by far the highest valued private company that doesn't have revenue. even it was further along, it might have had fewer users, but was about to turn on the moneyization tap. the mutual funds and the hedge funds who are dipping down a little bit, who aren't looking for that 5-x, 10-x pop, really want to be in the things. look, are some of these going to go bad? yes. those you're saying the cost of missing out, perhaps, the fear of that outweighs the invest that might eventually collapse. so you're basically saying they're not as price sensitive as they used to be, dan. >> they're definitely not. it used to be they would talk about sticking to the knitting when it capes to price, sudden understand why they're willing to take more chapses on price and why that initial buy icge to $7 trillion a share? >> i'm glad you brought up cmgi. i had a friend out college that i went to work there. when they bought th

snapchat famously turning down that offer from mark zuckerberg. paul kedrosky, are bloomberg contributing editor. up next. the bloomberg special, "the way we watch," we look at the future of media. >> welcome back to "bloomberg west." to our special, "a way you watch" focusing on the media and the evolution of what, how, you watch it. amazon is hoping to become a bigger player in the streaming business buying twitch tv for one billion dollars. they are a powerful media platform with 55 million viewers watching expert gamers play titles like "league of legends." we spoke to a partner who led an early investment in twitch and is on the companies board. i started by asking if this could -- if twitch could be the next espn. >> this is not some fringe activity that people do in their basement. this is something we all do. think of your teenage years sitting around the living room watching friends played the new games or even earlier than that, watching people play together. what they have done is taking the experience and brought that to the internet.

melissa: good luck. >> instagram coming out with bolt a snapchat competitor.verybody wants the young audience because they live on this phone and have driven snapchat to stratospheric heights. melissa: what are the odds that microsoft is going to capture that group? jonathan or scott, jump for it. >> i think odds are high. microsoft has history of coming up with new inventions, what? >> very little. >> explorer is best example. microsoft given up browser market to came up with exployer. >> that is 14 years ago. that is long time ago. >> that is killing them and snapchat. >> no one is using wind up right now. that is a big problem. teenagers won't switch to window dose phone. >> if your friends don't go you won't go either. melissa: fit at this sent trying to get some of the dr. dre money, fitty cent. partnering with intel to with biometric ear buds to measure your heart beat. same thing that everybody is trying to do, while working out, measure your heart rate, all that kind of thing. instead of adding another stupid gadget, they're putting in the ear buds whi

kleiner perkins is investing in snapchat worth $20 million. i values snapchat at forly $10 billion. snapchat is raise agnew round of funding. it is disclosing for the first time it's monthly active users saying about 100 million users. keep in mind they reportedly rejected a $3 billion offer from facebook late laughter year. so this valuation is something to take note of, back to you. >> thank you, morgan, $10 billion valuation. >> one of the great entrepreneurs of our time is the owner of dallas mavericks, mark cuban. he created cyber dust. he's sitting watching this show right now thinking he's on to something. we should have him on to talk about snapchat but cyber dust. >> best buy posting better tan expected second quarter profits helped by cost cuts. the big box retailer warns it expects consumer electronics to remain weak. traffic at brick and mortar stores continue to decline as consumers choose to research and buy online. surprise, surprise, tim. >> so we sat at the desk and talked about possibly how the apple 6 was going to be good for best buy. we watched the stock go down

snapchat's fund raising talks with alibaba are over according to people familiar with the matter.mobile app known for its disappearing messages wasn't talk with alibaba for a financing round that would value snapchat at $10 billion. people with knowledge of the situation said alibaba has left the door open to resume the conversation after it holds its initial public offering. snapchat is preparing to raise cash, authorizing 17.4 million shares of new preferred stock earlier this month. for many tech companies, the dress code is black. call it the zuckerberg look -- t-shirt, jeans and sneakers. that leave it to ryan seacrest is adding designer to his resume. the radio and television producer is trying to dress up millenials going into tech and make a good first impression and build their brand. seacrest is launching a new clothing line called ryan seacrest distinction. he sat down with bloomberg to talk about how one's outfit can make an all-important first impression. >> you want to get it right out of the gate. these suits are about first impressions. you talk about millenials an

at snapchat is literally patting themselves on the back right now for not accepting -- >> what start-up isn't overvalued now? uber, $18 billion. facebook bought what's app for $19 billion. >> is it worth $10 billion? is it worth it, jose? >> i'm not convinced, and here's why. the hackers i talk to that look at these secret messaging services, they're not totally secure. there are more secure message platforms out there. >> we'll continue to monitor that and see if the value is higher than $10 million eventually. >>> finally, this is a flyer's worst nightmare. the plane is packed, the baby in front of you is crying, you're trying to recline your seat back to relax, and it won't move. why? the person behind you put one of these on the seat, it's called the knee defender. several airlines have banned these things. and this week it caused a fight at 35,000 feet. a plane had to be diverted because two people were fighting over the knee defender which wouldn't let somebody recline their seat. you call this pocket-sized vigilante justice. >> it is, because what we're not realizing, if we use t

snapchat reportedly held talks over the past few weeks about the service called snapchat discovery and launch as early as november. >>> a live look now at o.co coliseum. in a sports mood? the a's are wrapping a short two-game series against the new york metropolitan, first pitch 12:35. the a's of course have beaten the mets 6-2 yesterday. if you can't beat the mets who can you beat? snapping a five-game losing streak. mean while, the giants could protest last night's controversial loss. the team was down 2-0 in the fifth when it started pouring rain and the grounds crew decided to bring the tarp out on to the field but it didn't get it right on the first try. they left parts of the infield sitting in pools of rain for more than ten minutes. fans booed their attempt. the rain stopped but the crew spent four hours trying to clean up the pless thmess they made. the game was called and giants lost 2-0. >> from the bigs to the littles. today all eyes on 13-year-old mo'ne davis. >> davis the first little leaguer ever to grace the cover of "sports illustrated." "remember her name." last frida

i defer to you on things like snapchat. i want to ask -- because i do think that there's a lot of potential with snapchat. initially i thought it was just the kids that didn't want their parents to see. but now i'm thinking irs. all of the correspondence between lois lernor and all of her agents -- >> she must have done it on snapchat. >> no, they're going to continue to target, you know, different parts of the population that they don't like politically, i think this -- >> then you won't need this to erase the iphone and the blackberry. you won't need to say, oh, my hard drive? that's burned through. i don't even know how it happened. but it's -- >> wall street. >> there's a lot of -- >> i thought there was some -- >> i knew you had taken shots from the public sector to those nasty guys, we had to go right to the private sector. >> how about the controversy about the fact that the photos are still around. >> there is a concern or -- that they view -- >> that they can still be saved somewhere. that some of this stuff can st

snapchat fundraising talks with alibaba are over.mobile app known for its disappearing messages was in talks with investors including alibaba for a financing round that would value snap chat at $10 billion. people have said last week that alibaba has reported -- has reportedly left the door open to resume conversations after its public offering and snapchat is preparing to raise cash. it authorized 17.4 million shares of new preferred stock earlier this month. for many tech companies, the dress code is slack or nonexistent. it is the mark zuckerberg look with genes, sneakers but leave it to ryan seacrest to is adding designer to his resume. radio and tv personality and producers now trying to dress up going into technology and other fields and make a good first impression and build the brand. he is launching a new clothing line called ryan seacrest distinction. he sat down with bloomberg to can about how one's outfit set an important first impression. >> we want to get it right out of the gate. the first impression, the suits are abo

snapchat is valued at $10 billion.minic chu has a quick "earnings alert." >> all right, kelly, what we're watching right now are shares of guess, because guess which way they're going, to the down side. moving lower in the after-hours here. the apparel company posted weaker-than-expected second-quarter profits and offered fourth quarter and full-year guidance below wall street analysts' forecasts. shares are off their after-market's low, down 8.5% on the after-hours trade so far, kelly. back to you guys. >> all right, dom. thank you very much. >>> the almighty dollar flexing its muscles. the buck is back at an 11-month high, on pace to surge higher potentially, but a soaring greenback is usually a red flag for the stock market in earnings. up next, we'll discuss if investors should be concerned. and bigger supposed to be better, but not everyone's sure if that's the case for the new iphone and ipad. we'll look at apple's big new moves, next. you're watching cnbc, first in business worldwide. bulldog: if you're like me,

at snapchat headquarters in venice beach, 11:00 a.m.♪ >>> welcome to "squawk alley" nor a wednesday morning. joining us this morning, roger mcnamee joining us from out west. as always, jon fortt and kayla tausche here at post 9:0nine. good morning to you all. kleiner perkins investings 20ds million in snapchat valuing the company at a whopping $10 billion after records alibaba was interested in its own investment in snapchat. here's the ceo evan spiegel with us last year. >> we're not making money right now, but fortunate to have a role model in ten cent. huge build in china. we've seen they've been able to

snapchat is the third morse -- most popular app among adults.he funding would value snapchat at more than three times what facebook paid for the start up last year. >> russia's biggest steel maker reports first-half numbers. the simultaneous weakness of the russian ruble may have helped boost profits even as political tension worried investors. here with more is caroline hyde. good morning. a beenve -- have unaffected by the sanctions environment so far? >> they have been. this is a company owned by [indiscernible] these are key business figureheads who are deemed to be within putin's inner circle. they have not had sanctions. it has carried on regardless. many fearing that this has been overdone. citigroup said that very thing. the trade sanctions are unlikely to spread to privately held steel companies. little chance also of construction weakening. many fear that the fee for world cup may bea world put off or canceled. they're saying things look pretty brilliant, they might remain buoyant in terms of construction and this is a company that is

. >>> snapchat is the third most popular social app millenials.o recent report by comscore,. [buzzer] snapchat trails instagram and facebook. that is today's "speed read." liz? liz: alibaba gears up for what could be the biggest initial public offering yet. the chinese e-commerce giant is facing some major challenges ahead of its public debut. david: jo ling kent joining us from you with the very latest. jo, what is the latest on this? >> we're watching whether or not alibaba will be listed on the s&p 500 or not and other big indices because there is lot of criteria to growing to make sure a company can land there and we can show you some of these criteria. here we've got, sector representation, whether or not it is a u.s. company. david: is alibaba? >> it is registered in the cayman island. it operates its headquarters in china, and of course listing on the new york stock exchange but what is interesting here, i spoke with an s&p indices committee member who helps determine whether or not alibaba will make it on to this indices, index and he said

it's like people learned the hard way with snapchat. the thing expires after so many seconds. kind of, to you. i always say to people the only time to lead us forever is when your device crashes and you want to recover the data. that's the only time delete is forever but everything else, no it's not forever. [inaudible] >> one of the nice things about worse and working with theresa on these books if she has a very deep and really thoughtful knowledge of the way children use the internet and how to be careful about that. one of the things she has taught me, and i now steal mercilessly. >> i can't wait to hear what it is. >> it's one of the point to a snake which is when a teenager thinks about privacy, their own privacy who do you think they want to be private from? you. and other people they don't think about of it all. it's just they want to be private with regard to their parents. and i don't care if anybody else in the world knows that in many cases. so there's a lot to think about

. >> snapchat, $10 billion. >> if you started -- >> have to make it quick, but what -- what would flickr have sold for in this environment? >> in this environment, certainly in the millions. a different time. 2004 was -- it was a wasteland, still post dot com crash and 9/11, worldcom, enron, market's down 80%. >> hard to explain to people who are younger. stuart butterfield, thank you for being with us. good luck with slack. >> thank you very much. >> "press:here" will be back in just a minute. >>> you both have been writing about diversity, reading yours, talking about twitter, the latest company to issue these kind of new reports and say, here are the kinds of people that are working in our company. >> yeah, started with google and some others fell in line, think apple's coming up next, ebay might be the end of this week. >> intel doing it a long time. >> to its credit. one thing i do want to throw out is this idea that none of the big-name tech ceos said a word about this topic, they are willing to talk about every product, every acquisition, even bad news when it comes around. they a

snapchat is said to be close to a round of funding that would value it at $10 billion. they previously rejected a $3 billion bid from facebook. it is the third most popular apps for adults under 35. stay with us. we are back in two. >> welcome back to "on the move ." i am jonathan ferro. 30 minutes into your trading day and this is how things are shaping up in europe. pretty much dead flat. pulling back off the cac 40 a little bit. the u.s. dominating the headlines. s&p 500 north of 2000. a record high. who got excited? did manus cranny get excited? he is a little bit skeptical. united utilities is down 1.65%. utilities, bank of america, they spent a lot of money on rebranding. rbc set to perform. because the market is not discounting adequately enough that the regulator may not allow 900 million pounds worth of capital expenditure. stock off 1.65%. telecom italia, are they in discussions? the smallest brazilian wireless carrier, we understand that they are in talks to acquire telecom italia was stake in tim. telecom italia holds about 67% of that. what is going on with

and today talking about the technology we have whether it's an iphone, an iphone 5, whether it's snapchat, you name it. the changes we have seen, the delivery of video into places we never imagined we could have is truly remarkable and incredible. my philosophy is how can we continue to spur innovation, how can we continue to get out of the way of that innovation and make sure that the consumers in this country have access to the innovation that they're, quite frankly, demanding. >> host: what are some of the ways to get out of the way? >> guest: i think some of the ways, we've introduced -- i've worked with steve scalise on legislation that would sort of deregulate some of the providers to make sure it's not too heavy-handed in one party or the other when it comes to negotiations over what could be carried, what programming could be carried, making sure we're protecting people's ability to get paid for what they are doing, but also making sure we don't have regulations that are stifling innovation and the delivery of that media. >> host: well, you've introduced a bill called the next gen

they say he used skype, snapchat, and kik to send and receive sexually explicit photos and videos with the girl. he had contact with at least 18 other underage girls as well. >>> a man who reportedly called a fellow parishioner to tell him his wife may be dead is now charged in her murder. a grand jury indicted cole abiel in connection with his wife's death at their home in gaithersburg. after he called someone from his church, that person called 911, and when police got ahold of him, he was in northern virginia. court records show that the police had been to histime townhouse within the year for domestic violence allegations. >>> now to a developing story overseas where officials in the u.k. have now raised the terror threat to severe amid the ongoing situation with the islamic militant group isis. news 4 scott mcfarland is here in the studio with more on that change and what it could mean here in the states. scott. >> the threat level increase means the british government believes an attack is highly likely. it comes in the wake of that barbaric execution of american journalist james

they were said to be in talks with snapchat. this is hundreds of millions of dollars in investments. >> we reported those talks have stalled. >> as far as we know, they have stalled. -- i agree that investors -- there is downside risk in the sense that you can place all of these beds, and even if they weren't due diligence problems, how do you execute on something this brought up? i'm bullish on ali baba. together,ing these they make sense. they are about mobile, commerce, or engaging users. >> how foolish are you? this is on track to be potentially the biggest ipo in history. not the largest tech ipo, the largest ipo in history. after wildly nervous? i'm that. this is a dangerous ipo in many ways. it's unprecedented in terms of size and scope, it's unusual structure. there is so many things. and the new cv small red flags beginning to accumulate. i applaud the innovation, but as an investment vehicle, i'm whatever comes after wildly nervous. >> from bullish to wildly nervous, we have both sides. stick around, we have more after

also, coming up on "bloomberg west" snapchat is looking to be the start of with the greatest valuation0 billion. but is it losing some of its cool with teenage users? is all coming up on "bloomberg west" right here on bloomberg. ♪ >> this is "taking stock" on bloomberg. i'm pimm fox. american beer in germany, how is this possible? the american craft beer business is currently worth $14 billion a year and growing 20% annually. stone brewing company has averaged 50% since hopping into craft brewing. and they plan to be the first american craft brewer to run its own brewery in germany. i'm joined by greg koch, the chief executive and founder. what put this idea into your head that you wanted to start a brewery, and in all places, germany? >> my partner, steve wagner, and i decided a few years ago that we would love a place in europe to take our style of beers over there and brew them ourselves with our own facility. after visiting about 130 sites in nine countries, we found this amazing facility, this old historic gasworks 1901 building that is just gorgeous in berlin. we decided it has t

taken a big stake in django and said to be in talks with snapchat. hundreds of millions of investments. >> we reported those talks stalled? >> as far as we know they have stalled. we don't know if they reached conclusion or decided to walk away. i think -- i absolutely agree that investors, there's downside risk in the sense that you could place all of these bets and even if it weren't due diligence problems, how do you execute on something this broad? i still believe i'm quite bullish on alibaba, i have to say. if you stream these investments together, they do make sense. they're about mobile. they're about commerce and they're about engaging users. and that's where alibaba is going. >> take a look at the big picture, paul. how bullish are you? this is on track to be potentially the largest i.p.o. in history. not largest tech i.p.o., the largest i.p.o. in history. >> i'm -- what comes after wildly nervous? i'm that. this is a real dangerous i.p.o. in many ways. it's unprecedented in terms of its size, scope, unusual corporate structure. some sort of

you know snapchat. as the kids know, is an app. you can send photo and video messages that disappear. you send the message. people can look at it for a few seconds. then, it's gone forever. it doesn't sound very practical. but the company was just valued at $10 billion. that's a lot of money for something that essentially is a device to give teenagers a way to send each other pictures of their private parts. i mean, $10 million. to put it in perspective, the lakers, yankees, mets, red sox, cubs and dodgers aren't worth $10 billion. that's four oprahs and nine jay zs. if the investors had any sense of humor, they would make it disappear, like four seconds after it entered the account. [ laughter ] by the way, this is an app -- [ cheers and applause ] thank you. appreciate it. what are you clapping about. you're not even listening. >> guillermo: i am listening. >> jimmy: you are listening? >> guillermo: yeah. that's a lot of money. >> jimmy: here's one you're going the like, guillermo. it's an app called eaze. right now, only availab