facebook tried to buy snapchat for $3 billion in snapchat said no and raised $10 billion from investors all by itself. now snapchat seeks a new round of funding and the company could be a valued as high as $19 billion says one person with knowledge of the matter, making it the third largest company backed by venture capital firms. >> so it's not just naked selfies. david kirkpatrick joins me as well as bloomberg contributing editor and matthew wong. let me start with you. i count at least 40 companies with a billion-dollar valuation. >> i think one thing we tried last year's we saw the number of companies able to raise their first funding and a billion-dollar valuation more than double last year. for uber i think it shows investor confidence in its growth. if you imagine that across 100 companies -- investors are celebrating over. some reports have been 200 billion active users. the product is beginning to trickle in with advertising, so investors are bearish. >> are facebook and twitter the appropriate place for snapchat? >> whatsapp and facebook messenger are the comps and there is a

coming up, snapchat is the app that is not going away.the newest round of funding may value it at $19 billion. is it worth it? francine: and rolls-royce confirms plans for super luxury suvs, but they are calling it an everywhere vehicle. what would you call it? join the conversation on twitter. we are back in a couple minutes. ♪ >> we see some recovery in europe but this recovery is slow. it may be pushed by the recent measures of the european central bank maybe, but on this we are quite careful and cautious. francine: that was the love our ceo talking to us about the sluggish state of the european economy. guy: let's get you more top stories. the company's ceo revealed the new three-year plan earlier today when he announced plans to split out the video and sound unit. francine: [indiscernible] the company slashed costs by closing plants. operating income was 905 million euros in 2014. guy: mark zuckerberg is pressing ahead with his plans to provide free internet access across the globe even the poorest areas. the founder of facebook spok

i don't use snapchat.telly what it is, but i'm a bit lost. >> what does it say when whatsapp sells for a billion dollars and twitter fetches $30 billion in the public market and eight company like snapchat can go to venture capital firms, the kinds of firms calstrs has investments with? >> i don't understand the business models that well, but what i do understand is how they invest what little they do make and i think that has to be questioned. they are buying companies taking the revenues and buying companies that valuations that to us don't seem to make sense and sadly in silicon valley we've seen historic acquisitions that were written down to zero. >> does that let your appetite for venture capital? >> venture is a tough place to invest will stop despite the headlines and exciting news, most people have not made good returns out of venture. >> why have we seen all of the venture guys, the superstars of the superstars? >> is in restaurants in las vegas? they get headlines. obviously, the stars draw atte

>> well they are afraid of someone in particular and that is snapchat. know, snapchat is -- i've written a couple stories about them in the last month or so. growing at a rate that, you know, is kind of equal to where facebook was in its early years and twitter and so on. kids absolutely love this platform and they love it because it's efemoral and goes against the business model of what facebook and twitter and all those guys do. they essentially rely on people putting things on-line that stay there forever and ever and they can place ad next to them. what snapchat is doing, hey, here's a thing you can put on our application, it lasts for 24 hours and then poof it's gone forever and kids love that. >> nick, the one thing that facebook seems to respect more than anything is growth and engagement at the same time. at one point there seemed to be maybe afraid of twitter not so much anymore. why might this be different in does snapchat have something other social media players haven't had that have fallen by the wayside as facebook has powered forward? >> w

if i offered you snapchat, which would you choose? guest: i'm interested in free cash flow yields rather than hope value. i like the three old players. there is a real possibility that this has a flowing wind. it has a lot of sentiment in its favor. in the near term, there is more momentum. the companies you mentioned all have significant problems. they could do what bt did. bt turned itself around. it could happen. we could also see real benefits coming through from the oil sector. tullow could do well. u.k. retail could do well. morrison has been a significant underperformer. i don't think those problems are going to clear in the next 12 months. if you said five years, i would go for the three. jonathan: let's talk about valuations. you see the nasdaq back at those 2000 highs, 1999 highs on the ftse, all-time highs on the s&p 500. it wasn't so long ago that janet yellen was saying, some of these look stretched. where are we now? guest: dividend yields still markedly in excess of government bond yields. as long as we do not get a sel

olivia: he's probably not on snapchat. the snapchat generation cannot write cursive he does have 654 home runs. brendan: he does. olivia: as a yankees fan, i want him back. brendan: the yankees are looking for him to get a 40-year-old's injury, get that $61 million back and then the thing is over. tom: it will be a distraction this spring. he wrote a nice letter. i will give him that. in cursive, we do the him back. brendan: data check. equities, bonds, currencies, commodities are coming off 2100 on the s&p. risk on the screen. euro pulls back a little and nymex crude churns. next screen. vix 15.80 equity markets. there is the s&p 500, closing at 2100. the ftse near a record high going back to 1999. i put in euro-swiss because i miss davos. weaker swissie over the last two or three weeks 1.07. let's go to a vanilla chart in the glimmer terminal. -- bloomberg terminal. looking at the moving averages i do not want to make much of this. this is an elegant chart of ever higher. brendan: this could easily be a chart from 1945 c

at snapchat headquarters in venice, california, 11:00 a.m. on wall street and "squawk alley" is live. ♪ ♪ >>> and welcome to "squawk alley" for a wednesday. joining us this morning, back from a few days vacation jon steinberg, ceo of the daily mail north america and back jon fortt, good to see you and kayla tausche, of course, has been holding down the fort with me. interesting market day, dow off and the nasdaq off a touch. still about 100 points or so from nasdaq 5,000. mixed results this morning but obviously tech is becoming more and more part of the conversation. a lot since the tech bubble in 2000. dominic chu is back at hq with more on that. >> so carl, what's interesting is the comparison between what we're in a bubble now versus what we were like in 1999 and 2000. one of the things that people are looking at right now is the ipo market and what it signals at least about whether or not we're in a frothy bubble-like situation. you guys are going to talk about snapchat later on. let's take a look at some of the ipo statistics from then

i think it made room for snapchat, which we are an investor in.ven, a company like nextdoor, which we are also invested in. because that lack of trust limits what you can do next. >> and apple? >> i think apple's only problem is android. and google. and google's willingness to be aggressive. apple should have paid anything. flat out. if you're going to pay $3 billion for a headphone company, $2 billion for a maps company is a no-brainer. i also think they should have found a way to broadcast. i have a deep respect for tony fidel. >> should apple buy twitter? >> i don't know if they would know what to do with it, and that is why i would probably say no. >> twitter is one of your companies? >> yes, and i think they have one of the most amazing moats. they have the most important people in almost any field in the world, remarkably committed to their own persona within the system. >> peter thiel, a venture capitalist criticized twitter, calling it horribly mismanaged, probably "a lot of pot smoking going on over there." how do you respond to that? >>

. >> snapchat's new price tag. it could get fresh funding that takes its value to $19 billion. >> in a bloomberg exclusive, mark zuckerberg tells us his plans to revolutionize the internet again. >> we believe that connecting everyone in the world is one of the great challenges of our generation. we are happy to play whatever small part we can. >> breaking now, the fourth biggest brewer is releasing its numbers. >> welcome to "countdown." >> coming up, another bloomberg exclusive. despite recent difficulties, luxury is still growing. >> first numbers coming through this morning. we kick off with fourth quarter. the market was looking for 563 million -- the costs of doing business is dropping. a nice buffer of capital. but no news is news. we were waiting to hear whether philippa soccer -- we are still waiting for that. no new ceo. >> let's talk danish beer. >> sadly there was a bit of a miss. if you are looking at earnings, coming in slightly low. not too much. 9.2 3 billion -- they say profit is up, mid to high si

what is snapchat when you get rid of the naked selfies?onfined, and off the record messaging app for the business users. it allows users to send an array of documents, and then it disappears. joining us is john brodie, cofounder of confide. talk to me about this business. >> it's an incredible business. you really hit it in the intro the spoken word disappears after we say it, but whatever we communicate digitally remains archived permanently and the cloud spews copies everywhere and we think it's crazy end dangerous, particularly for sensitive communication. >> this is made for insider trading. or it was not. kinds of communication's lend themselves to this? >> anytime you see any e-mail that says confidential, don't forward, or, hey, i will call you, or let's get your personal e-mail and take this off the work servers that is an opportunity for confide. you think about job references deal points, conjecture or subjectivity on a sensitive matter, or even good-natured office gossip. >> there are certain industries where information is so d

up next, snapchat for the business world.ts you send a screenshot self-destructing photos and other images. ♪ but i'm cory johnson. what is snapchat when you get rid of the naked selfies? it is a messaging app off the record. it can be sent to dropbox or google drive and then it disappears. john, talk to me about this business. it is fascinating. >> it is an incredible business. you really hit it in the intro. the spoken word disappears after we say it, but whatever we communicate digitally remains archived in the permanent digital record and a cloud keeps copies of it everywhere and recipient has a copy and we think it is crazy and dangerous, particularly for sensitive to medication. >> it really wasn't made for insider trading. or it was. what kind of information lend themselves to this? >> anytime you send an e-mail that says "confidential, don't forward" or "hey, can i call you?" that is an opportunity to confide. if you drill down on that, you think about job references, deal point, conjecture or subjectivity on a sensit

we will look at that new round of funding for snapchat.atching in the loop. -- you're watching in the loop. ♪ betty: welcome back. here's a look at our top stories. futures indicate stocks will open lower. another sign that the rebound in housing remains uneven. housing starts were coming off an almost seven-year high. greece is trying to end a standout -- standoff over the bailout. the big issue will be the terms of any agreement. here is alexis tsipras. >> i am certain that we will make it and that we will escape this self-perpetuating debt trap where we have been for the past five years through the destructive policies of the bailout. betty: citrus wants lenders to lighten up on the terms. he wants to raise the minimum wage and rehire government workers who were fired. in ukraine a cease-fire appears to be growing more fragile. government troops are withdrawing from a town under siege by rebels. hundreds of ukrainian troops have surrenders. trying to raise $10 billion to pay for investments. saudi -- saudi aramco is expanding into refin

snapchat much the same as well. would any company, henry, go public if the average ipo proceeds $335 million on average last ten years and you have an investor sending you a terms sheet in your inbox for $500 million. >> consequence of two things, free money. the government has been giving it away almost ten years now. we're building it up. two, the ipo market changed radically after the 1990s, now nobody wants to go public unless they have to. and the funding markets have adjusted to take that into account. you have a huge well-developed private market where you have investors at every stage willing to write huge checks who have po put capital to work and right now, exactly, companies would be stupid not to take the money. it's there, take it. if you're uber, another few billion in the bank helps. >> we worry what happens when your ubers and snapchats say no, you know what, that extra half billion dollars we don't want it, don't know what to do with it. find other start-ups to put that into. and they find something

we saw snapchat trying to monetize through their channels.in will try to do the sameterest -- pinterest will try to do the same. the biggest are google and facebook. in display and video and social and mobile, what you see is -- last year our biggest media relationship was google. facebook last year was just under 60 $50 million -- $650 million. google became our biggest relationship -- >> which says what? >> because of video and mobile search. facebook should be considerably bigger with us and will be. >> these are big platforms. what will replicate an actual television event that will garner millions and millions of dollars of advertising? >> the life events to which you refer will ultimately migrate in some way shape or form to the other platforms. whether it be the olympics, the nba, the nfl, they are very long-term. if you notice that, the traditional rights holders want to control those rights. i'm on the board for formula one. the question is whether it be on -- >> one day we could see apple with gravity grabbed the sports rights. -- g

they are all on snapchat. it is like they want to bring their personal fans closer to the game. >> i think everyone wants to build that direct relationship with their fans. the fans feel good about them. one thing i love is getting to see the inside scoop of what is going on. that experience should be available to other people as well. we were very happy to be involved with the kings. he has a little bit more money than me. >> how much do you think the mets are going to go for? >> i think the valuations of all the teams are going up. we have this huge international fan base that we are only just starting to tap now. the valuation of the teams are going to be great. im really excited. >> the markets cousins better be happy. >> tell me true or false, the vac has gone into the coaches office and says i utilize this defense of my daughter's team we should try it here. >> i don't think so. >> he is passionate involved. >> that is a good thing. it will be interesting to see the personalities. george karl is the 6 mi

madonna has a video out on snapchat and is going to go to youtube. i'm pretty excited.rming at the grammys. so we're going to talk about the relevance of snapchat, as well as facebook and geopolitical concerns, as well as hacking. >> and facebook global ambitions for facebook. >> exactly. is it just about getting more people to sign up for your service or is there a bigger picture going on here? the role of social media for good and for worse for recruitment for terrorists but also really good for helping start revolts in a good way. it's the good and the bad of what social media can do globally. tune in. it will be fun. >> "street smart" top of the hour. we will. thanks. stay with us, our chief markets correspondent will have another edition of "off the charts" on the other side of the break. "bottom line" continues in just a moment. ♪ >> feeling stressed out? a new report says americans are now feeling calmer than they were before the financial crisis. but pockets of stress remain across certain demographics. bloomberg's chief market correspondent is back from the bre

it's still going to the ubers, still going to the snapchats.it starts going to the offbrand number two i start to worry. what do you think? >> i think these numbers are pretty high but this -- these are the bets for the next platform. i mean it's not a surprising thing. a lot of people, including myself, made fun of the facebook $15 billion valuation at the time it was. and it turned out to be a good deal. now there was only one good deal in that group of them but i think you're going to see there's all this money and it's going to chase the biggest companies and then from there move down to the next ones. i think deciding what's going to be hot in 2020 is insane. that's me. >> what's sane? deciding what's going to be hot by year end? in three months? the rate of change is so quick here, kara. >> but therefore you don't know what's going to happen if 2020. uber didn't exist, i think it was four or five years ago. you wouldn't know that or guess it or anything like that. that's all i'm saying. you don't know what's going to iterate next, what's

one of the topics snapchat we're a partner in snapchat one of the 11 publishers that puts content onhere right now. they've created something people want to go to snapchat to consume media and content. the same thing is on twitter as well. what can you do for people that don't want to participate, that just want to use it as a consumption platform. i have to see what the they do. do they go into original content, create original content and things of that nature. >> see you soon. >> jon steinberg joining us from "daily mail." >> disappointing retail sales fueling a mystery. where is the gas money going? steve liesman joins us from dallas with a cnbc rapid update. hey, steve. >> carl, good morning. yeah, it's interesting to see how the market has been reacting to this news, unchanged and maybe it's because the gdp outlook is unchanged. despite the disappointing top line when you go down to look at the core sales number, it was below expectations but we're still on track for a 3% spending growth in the quarter. taking a look at the rapid update what you see is the fourth quarter tracki

snapchat if snapchat is worth 19 or $20 billion it's a viable product people use.quivalent of the globe would be i have a pep.com. we're not seeing that yet but we're starting to think when will we see that. >> some of the valuations of the -- >> wait a minute -- >> the snapchats and others, airbnb and you know uber things. >> what about the variety of the nasdaq. only 40% of the nasdaq composite is tech. the tech heavy nasdaq, it's not half. companies like whole foods, starbucks, kraft is now in the nasdaq. >> biotechs. >> and pharmas are -- 8 or 9%. >> gotten the nasdaq to where it is now. >> when you look at the biotechs this is a different area too. this is nothing like 2000 in the biotechs either. 2000 i stood on the trading floors every one of these names if they had a 200 p/e that was considered reasonable. most had nothing. they had a hope. we have a pipeline, one of our drugs some day might make it out on to the market. now you've got amgen, celgene, gilead have earnings, pipelines and bigger pipelines behind them. >> one thing going on right now that perh

. >> do you find yourself competing with snapchat for this new generation of video creators?> i think of it more as this unique platform we have developed in vine. there are the stop motion animation experts, comedians vine magicians, frame by frame animation work. being able to leverage their talents to help companies tell their stories across the twitter ecosystem, we think is cool. by bringing niche on board, we think we can do that across the broader twitter ecosystem, within twitter itself. >> there is so much energy right now around the vine and snapchat ecosystem. it makes me wonder whether you -- youtube has squandered their opportunity in mobile video. >> there will be lots of players in this native video mobile space. i say that a lot and what i mean by native video mobile is radio primarily produce for consumption on mobile. we led the way with vine. we think there is an enormous amount of opportunity there. buying niche was part of realizing that opportunity. >> a couple weeks ago, my twitter app allowed -- updated itself to allow for native video. as that rolls o

: snapchat.> reporter: a british teacher wanted to create a experiment to teach the hard lessons of photos gone viral to her class of 9 and 10-year-olds, so she had them use snapchat then she took a screen grab and posted it to facebook and twitter asking people to reshare with their locations. one friend posted it then another and then the exponential growth led to almost 27,000 shares on facebook alone. >> the fact that it went viral i think shocked them just as much as it shocked myself really. >> we're seeing the first few generations that have the same ideas about what they should keep private. >> reporter: now, snapchat says the photos are deleted, but all you have to do is press this button and this button on your phone and you've got a screen grabs that lasts forever. if that's shared on instagram, 300 million users or facebook, over a billion users. the sky is the limit on how widely it could spread. to fight this oversharing snapchat now notifies users when a screen grab has been taken,

snapchat -- justin makes us smarter.ul speculated that the main force behind snapchat's valuation is professional investors fear of missing out. having snapchat in your portfolio makes it easier for you to go out and raise more money. it looks good, like a painting or sculpture. a spectacular bloomberg view column on the foolishness of extrapolation. >> they are signaling. the urge to have massive plumage because it prevents them from flying well and thus sends a signal that they are vibrant and healthy. >> we heard from two experts yesterday who made it clear they are not amused by the extrapolation. you are in the oil business. we make this exemption -- assumption of extrapolation out as a new rule in ipo transaction. that is a dangerous exercise. >> without question. as you go to these other markets, they have extremely different punt metals. -- fundamentals. given the energy sector, too much interest in one sector flows into another. >> those extrapolations in ethanol really worked out. >> from your own portfolio, yo

snapchat would only be behind a chinese hand set mayber and san francisco base the uber. the number of visitors using snapchat has risen 44 percent in the last year. >> tonight at look, a cheaper way to park. >> one day i drove in the world series game day with the giants and all parking lots were $630. >> we have seen that >> how to find a spot if no more than $again. we will show you tonight. >> a lot people will be interested in that. >> also interested in the weather and we had the drizzle and mist. >> not so warm as joe biden. >> it was too much. >> he was saying, did you see my apple watch. that is what he was saying. if not i will put it on snatch chat. >> so she looked uncomfortable. >> he said he was getting a massage therapist license. >> well...let's do weather. >> warm and san francisco police departmentally vice president -- warm and friendly vice president a lost responses on our facebook emabout and were interesting to read. we are dry and we are going to remain dry. the atmosphere is much more dry this morning and not giving away any drizzle like yesterday

big debuts can happen on snapchat, the social media app. take a look. ♪ >> okay.artphone but this is what madonna's snapchat friends got to see before everyone else. she's the biggest artist to use the app so far. >> it is popular with teens and 20 somethings. madonna 56. give this woman credit. she knows how to reinvent herself and she has a new album and performing at the grammy awards on sunday. >> she has younger children, teenagers now. maybe they help her to stay on top of things. >>> we always love a good cast reunion. this one is different than the rest. >> tom hanks didn't act with a lot of other folks in castaway." he had a memorable companion. his co-star. at the rangers game he looks uncomfortable at first but then he sees an a old friend wilson the volleyball. >> even drew his face there. hanks started a let's go wilson chant. great to see they still have the chemistry. >> really cool he reacted to it that way. had a good time with it. >>> another nude pic of jennifer lawrence leaked but it's not what you think. this is leaked and authorized. she is n

at snapchat headquarters in venice, california 11:00 a.m.

there are other places that pop up in the social networking space every year, you see a twitter or snapchat. all these companies emerge on a continual basis. >> do you think they could ever become too powerful that they would stifle innovation? >> i tend to think this has not happened a lot in the technology area, because there has been enough innovation to keep things flowing. >> do you think someday google, facebook, amazon, will not be as dominant as they are? >> i think they will be dominant for a while, but i don't think they will be dominant forever. >> do you see one or the other becoming dominant? >> it is always difficult to judge this, but if i had to pick one, i do tend to think of google as the one that is on an incredible arc at this point. >> why? >> the core search monopoly is powerful. they are trying to extend it into all these other areas. >> their monopoly is exploring so many different things, robotics, google glass, self-driving cars. what kind of project are you most excited about? >> i think self-driving cars is going to change transportation maybe as much as much as

look at uber, granted they have a lot of revenue, look at snapchat and pinterets.the bubble might be venture capital. there's too much money and they are trying to find a place to put it. do you agree? >> i disagree. we've been in the business for 40 years. we've seen upcycles and down cycles. look at 2014 the amount of venture capital funds shrinking. the rate is 30 billion. to put that in context. venture apartment rates, 80 billion in 199 and 120 billion in 2000. i know they talk about pinterest and uber. >> the vast majority of companies aren't valued like that. >> when gurley warns about overvaluati overvaluation, is he trying to ensure there will be more bargains to buy? why does he say that? >> he's right. there's no doubt about it. there are pockets of irrational exuberance in the venture capital space. no doubt about it. the question is, is it pre ponder ans. i think that's what bill is referring to. the other thing i think that's true, private rounds are being done today with less diligence a company to raise 300 million with less work than 50 million in

reading cosmopolitan via snapchat. publishers notice traffic coming through.is the generation you want to get. they're certainly not watching tv anymore. they're on their phones. once publishers started to notice, valuations went up. liz: alan, there is something called flipboard as well. oprah wanted to buy it. google was interested in that. flipboard is a viable business. they have a great advertising model. you don't want to miss an opportunity. >> especially as trader you want an exit strategy. where are you going to exit? after money has been made and value, when do you cash out? you can't hold on forever. you can't be greedy. you talked about what happened with groupon. at some point you have to say enough is enough. liz: how would an ipo be welcomed or rejected, do you think. >> i think the street would look it. that would be great opportunity to monetize what they have. go right ahead, but don't stick around too long. liz: caveat emptor. >> don't stick around too long. >> alan, in from chicago, tracy. how about that? >> god bless your soul. probably wa

snapchat will have nearly double the value since last year. snapchat has never said how many users it has but it says they send 700 million snaps a day last year. snapchat could also be one of the highest valued private companies in silicon valley. uber was valued at $40 billion and snap chat would be on par with what's app. back to you. >> is this a sign that we are, in fact in a tech bubble? snap chat a valuation of $19 billion. uber 40 beside$40 billion. >> i think it's very interesting. it's different the kind of investments the private equity companies and market are make compared to what they're at. those types of valuations we'd touch on there, far, far, far higher than apple and microsoft. >> you look at the nasdaq composite back then the late 1990s it's price to earnings ratio was 67 times forward looking earnings. today it's around 17 to 18 times so valuation wise you would say we're not in a tech bubble but a big move in the nasdaq. a lot of that having to do with apple and now about 100 points away from breaking 5,000. something we

snapchat limits you to sharing things within the snapchat app.rdless of where it is. tom: but can i do that now if i post something on my facebook page and i want to delete it, i can delete it? >> but the recipients that you share it with and those who saw it may have taken a screen shot of it, they may have down loded it. when -- downloaded it. you're preventing all that from happening. >> hang on. so you're saying if i screen shotted a tweet, your program is going to blow up my screen shot? >> if you sent it via destructs, your screen shot will be prohibited, and you will no longer have access to that tweet. that's exactly what i'm saying. tom: so you've solved the problem of that once it's out there, you can get it back and destroy it. >> that's our goal. we solved the problem of social media being permanent. and everything that we hear about that, all those things that come back to haunt us later -- tom: yes. >> -- the fact that everything's out on the web forever. if you use destructs to share these things, they are only there temporarily. t

. >> front business page of "times" snapchat and the valuation, race continues.he word "unicorn" a household term. >> you read these, people say it's overvalued people wish they had notten in. look there are prominent people who are from old tech saying could there be a bubble? i think the answer is when you look at all of the valuations for ubers and pinterest and snapchat, they do not equal one large company going into 2000 in 1999 2000 they don't. add them altogether equals a quarter of cisco's tap capitalization during that period. >> get enormal otherwise valuations only to flame out. a handful of companies hung around and some thrived. but most of them flamed out. >> these are not info space. >> no, they're not at all. >> the first trillion dollar company, if you recall. >> i think i remember that. >> yeah. >> commerce one was also headed there. >> you know, we used to say the web van. >> yes. >> it was early. early. >> always early. as it has been for zynga. >> no no. this is a -- no brione's overvalued versus zynga. >> numbers are staggering when you look

up and down, along the way making his early bets on some of the hottest names -- twitter, uber, snapchatagram. joining me today on "studio 1.0," seasoned venture

. >> hoy en dÍa estÁ de moda en la red social snapchat por la cual compartes fotografÍas con los contactos a la imagen. >> yo creo que cinco segundos y ya la foto no estÁ. >> cuando tÚ mandas una foto con su vez una foto como dijiste tÚ no sabes quiÉn la va a recibir y cuando tÚ lo subes comandas ya pierdes el control de esta foto.. ♪ ♪ ♪ >> queremos compartir lo que un escultor creÓ bajo un paso a lo largo de la calla martin luther king. dice haberse encontrado con el pedazo de hielo que ya estaba formado, le dio. que artÍstico y cabe mencionar que con las bajas temperaturas el artista sufre pequeÑas quemaduras de hielo, impresionante puede ser visto si ustedes transitan lo van a observar. vamos de inmediato con eduardo rodrÍguez que nos tiene el prÓximo sistema que afectarÁ nuestra Área. buenas noches eduardo. >> buenas noches amigos, efectivamente como has dicho muy bien dicho no mucho frÍo, muchÍsimo frÍo y bajan las temperaturas y deben continuar bajando y todo esto que tenemos al oeste de filadelfia, todas las localidades hacia el oeste y centro del estado baja sensaciÓn tÉrmica por

making headlines, snapchat is raising venture capital.$19 billion. that doesn't seem like that's anytime soon just yet. the bank of japan leading the monetary stance on change. the bank of japan saying the world's third biggest economy is on the mend. the nikkei up 13%. plunking more than 13% in the latest week. this rose to the highest levels of the year. >> quick point. we're comparing nasdaq 5,000, right we're on our way back then. back then companies got criticized for no real revenue. and wall street with all the eyeballs, remember that? >> yep. >> all of these non-or the of gap metrics. snapchat, $19 billion. i'd like to hear what our viewers think as well. is it the sign of irrational exuberance? >> funny you should mention the term irrational exuberance. standing off waiting to be with us it robert shiller coming up in a bit. >>> the indian prime minister modi is selling the mon 0o monogrammed suit. the suit has modi's full name stitched in gold pinstripes. it's estimated to cost $16,000 to tailor. modi has taken flak for his expe

twitter and snapchat are gaining users. instagram saw a 25% jump last year in 13 to 17-year-olds. facebook owns instagram. >>> the 21-year-old daughter of whitney houston and bobby brown still in a medically undo used coma. bobbi kristina -- induced coma. bobbi kristina was found face down in her bathtub and unresponsive. bobbi kristina struggled with drugs. her family released a statement asking for privacy. >>> former rap mogul major suge knight due in an l.a. courtroom tomorrow. prosecutors can only tend knight tried to run down a friend and another man with his pickup truck after they got in an argument on a movie set. knight claims he accidentally ran over the two men trying to get away. his bail was revoked. prosecutors argue he's a potential flight risk and could intimidate witnesses. >>> it's known as hollywood's most coveted power lunch. >> today the lunch at the beverly hills hilton kicked off the countdown to the 86th academy awards. among the traditional group photo bradley cooper who says the heated debate surrounding his movie american sniper actually caught him off

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people are already consuming news on snapchat and cake and it is taking advantage of the mobile videopportunity. just in terms of share-ability and the number of clicks, comedy central has done a fairly outstanding job in adapting to social consumption. >> there have been so many people -- you mentioned larry will more -- but there have been so many others who have gone on to great big things from that show, most of whom will be pretty busy here to but you wonder how might be considered as a replacement for john stuart -- john stewart. >> yes, the big headline is did comedy central lose their three big stars in two years? when john oliver stepped in and in guest hosted the daily show people wondered if he was up to the job. he did an amazing job. he landed his unsuccessful series on hbo. it is disappointing he cannot just take over. at least the daily show has a stable audience and good correspondence that they can choose from to maybe establish their own brands and maybe take over. >> thank you very much. coming up, the uk's largest banks taking steps to foster innovation and support

snapchat seeking a new funding round, according to a person with knowledge of the matter who says they want to raise $500 million. at that valuation, the photo disappearing app would be the third highest in the world behind google. a meeting billed to be about advances in health care devices, between apple and mexican authorities. website zillow completed acquisition of trulia. it's now resamed zillow group. they cut 50 jobs as a result of the acquisition. tech companies just 2500 miles away in silicon valley. apple the latest tech giant, building a team of a few hundred people to work on the early stages of an electric car. some of those workers have been poached from car companies to work on what's being called project titan. apple, google tess la and uber all involved, what role will the automakers play as they create innovation centers in silicon valley. joining us now tim hagen and john leonard. is there a different discussion about what innovation is for cars away from the auto industry than in the auto industry? >> i think so. if you look at the exciting pictures that emerged th

i'm sure you're a big fan of snapchat. >> yes valuation inside. >> are you a snapchat user? >> it took up too much time. the ecb releases minutes for the first time. we'll look at the impact of the qe program on poland and hungary coming up next. >>> the greek government asked for a six month extension of its facility agreement. this as they deny policy makers discuss capital controls for athens. >> they voice concerns about raising rates too soon. policy makers are concerned about low inflation and problems abroad. >> oil back on the slide amid expectations of record u.s. inventories. shares of u.s. utilities as the slump in energy prices hurts profits. >> keep an eye on nestle it's getting the sweet spot earnings in line with expectation. coming up the ceo comes on cnbc's worldwide exchange. take a look at european markets. of course news of the bailout extension by six months not impacting markets right now. perhaps that's already priced in. ftse 100 down. the cac 40 seeing green but the italian markets trading slightly in negative territory. how do bonds look? >> we have

but charles is -- >> and snapchat. >> if someone says something negative about you and you take it towitter. god knows, a lot is going on on twitter. >> it's so abusive. i find it useful and enjoyable. i learn a lot when i'm on it. i have a little bit of fun. and i am able to ignore a lot of the bullying that happens or the nasty comments -- >> you're good at it, though. you really are. >> i've said this before. i never tweet sober. if it's night and i'm home and i'm sober, i'm probably watching a movie or -- but if i have a glass of wine, if i'm on twitter at like 9:00 at night on the east coast you can bet i've had two or three glasses of wine because that's what it's for -- >> people are not listening. >> you get tweets -- >> what? >> why are you looking at me like that? >> i'm trying to figure out what you're saying. >> you like your twitter, don't you? >> no! >> did i say something here? >> here's why i like it. i like it for the news. i love the news -- you get a lot of people that are educated weighing in. that, i love. if i could siphon out the rest of it -- >> in my case, don

. >> do you find yourself competing with snapchat with this new generation of video creators? >> i think about it more as this unique platform we've developed and this awesome -- there are these stop motion animation experts, there are these comedians, there are these sort of vine magicians through some of the frame by frame animation work they do. and being able to leverage their talents to help brands and companies tell their stories across the system we think is really cool. and by bringing niche on board we think we're going to be able to do that not just on vine but within twitter itself as well. >> there's so much energy it makes me wonder whether you tube has squandered some of the opportunity around mobile video. do you see them in the mobile video? >> i think they're going to be lots of players in this native mobile video space. and again, by native mobile i say that a lot. and what i mean when i say that is video primarily produced for consumption on mobile. we led the way there with vine. we just think there's an enormous amount of opportunity there. and buying nich