so far he has not heard from snapchat but we think it's because folks at snapchat hasn't seen it. >>eam behind snapchat would be a dream come true. >> that's it for "right this minute." we'll see you next time. skippy!! yippee!! fun fun fun! shiny! you never listen! what? is someone talking? ♪ skippy!! ♪ ♪ yippee!! ♪ i'm bored. hashtag bored. skippy!! yippee!! look a ride! (vo) made with the funnest peanuts ever! skippy. yippee!! ♪ >>> dude is riding the dunes. >> one of those side by side utvs. >> see why it's the head-to-head part that's a problem. >>> after a fast food worker enduring racial insults -- >> one of the customers said dude time for you to go. >> the moment he can't have his burger his way. >> [ bleep ]. >> together. >> a little girl gets a gift with a hidden message. >> we sees

so far he has not heard from snapchat but we think it's because folks at snapchat hasn't seen it. >>eam behind snapchat would be a dream come true. >> that's it for "right this minute." we'll see you next time. >>> dude is riding the dunes. >> one of those side by side utvs. >> see why it's the head-to-head part that's a problem. >>> after a fast food worker enduring racial insults -- >> one of the customers said dude time for you to go. >> the moment he can't have his burger his way. >> [ bleep ]. >> together. >> a little girl gets a gift with a hidden message. >> we sees puzzle. hanna reads it. >> see what mom and dad are trying to

they are only getting 1.3% or so from snapchat. it is not a significant stake in terms of strategy or ownership or control of snapchat or something that would lead to an acquisition per se. alibaba raised more money than it needed in its $22 billion ipo not long ago. it is a very profitable company. like so many investors around the world, it is try to park its cash that it is -- cash where it is lucrative while interest rates are very low. this investment is very different. this is much more significant in terms of alibaba's long-term future. cory: here's what i can't figure out. does alibaba want to play in u.s. tech? or does it give them a way -- does it give snapchat a way to get into china with ali baba's blessing and maybe the blessing of the government? david: those are two x and questions. certainly -- two excellent questions. certainly, it wants to be in the world's second-largest internet market. line and is growing like crazy, especially in asia. all of these communications-oriented companies, each that is somewhat diffe

is there a sense that alibaba wants to invest in snapchat, or snapchat wants to have an investor from china to get trade ." ." get ent -- from china to get entre in that market? serena: i mean, let's put it this way. when you do a deal you are and it together. i think they want to be in this field together. alibaba has been known for investing its own money and tax startups in the u.s. and abroad. we know they invested in lyft and ride sharing companies competing with uber, and they have started investments. i'm sure they are putting $200 million is there sign of willingness. cory: when we look at the companies like whatsapp and instagram, through the usage of these services, the numbers are large. they are free to the user. that doesn't suggest a lot of revenue but they really are seeing a lot of usage. i was on the train this morning and watched a guy working through as a business guy, and a sports coat, and grown-up shoes, checking his snapchat, checking his e-mail, clearly a habit. that is what is happening around the world. serena: exactly. the user is tremendous. the revenue gen

some of the new snapchat discover, videos, stories, these are promising.e of the statistics around the usage you're talking about an audience the size of prime time football ratings, that's staggering and it's a longer game, compare a lot of things, but the usage is incredible. some of the new product or services are very promising. >> to people who watch both alibaba and snapchat it's not a surprise because actually the lead banker on the alibaba ipo joins snapchat as chief strategy officer a couple months ago and has been spear heading some of the fund-raising efforts. a lot of interest has been inbound for snapchat as we reported and some investors were trying so hard to get a piece of the company willing to value it at $19 billion. i know that $15 billion is a huge price tag and i know i'm going to get a lot of flack for saying this, but there's a chance that spiegel the ceo of snapchat has exercised a little bit of discipline in this fund raise and that he did not take investors' money at the higher valuation, instead went for a seemingly strategic pa

>> the youngs are using snapchat and discover part of snapchat is fantastic. it's a great product.se it all the time. it's a great way to preview content and go to content. so, you know, as long as there's lots of -- it's a great way to get young people reading content and a creative way and it's a substantive way. it isn't silly. do you use it? i use it all the time. it's very substantive way to look at content. >> i know you're still in your 20s but the youngs are using it. >> the youngs. >> is this sustainable in any sense for snapchat or just a matter of a, they're rolling this out, they're buzzing right now and while there's limited supply of this, they can charge these sky high cpms. >> probably. it's a great product, period. i don't know who -- why twitter or others didn't think of it but it's a great product. it's a great way to consume content and whether it's busy or not, at its very base it's a great product so it's a great product. i don't know what to say. it keeps -- people will copy it. that's what will happen. >> it's not even two months old, though, and the argumen

let's go with snapchat, $15 billion, $16 billion valuation.ares to roughly the market cap of under arthur which had $3 billion in sales last year. how are these ap tolls apples in the market? >> sure. >> better and faster i get into large innovation creates ripples of opportunities and in times of chaos if you studio that splash you can see patterns of opportunity. looking at snapchat what i would look at is facebook. what is facebook? a giant site that allows you to share and archive pictures of your life with your friends. that creates a series of opportunities. the opposite of that, in fact. so facebook is just for friend even in 2007 let's say, something else had to come along that wasn't just for friends. that was twitter. if facebook is a place where people archive their photos what if i don't want that i need something less permanent that creates an opportunity for snapchat, multibillion dollar company and if everything is on facebook about people's horrible camera phone photos ruining the art of photography, well something needs to bri

that's the value of the app snapchat. is it really worth that, or just a fraction?enture capitalist eric hippeau on whether he sees bubbles where others see serious dollar signs. overheating in bubble land. and you may walk on them all day long, that doesn't mean you can treat them like a doormat. lumber liquidators says we're not sure doormats -- they hit back against allegations that the flooring is a risk to your health. ♪ ♪ liz: what a difference a day makes. look on your screen. these financial stocks are lifting the dow jones industrials and the s&p 500 to their largest gains in five weeks. after a surprise drop in retail sales, normally it would have hurt the markets. you can see the only one down is bank of america only by a nickel. look at the markets overall. huge rally for the dow jones. huge. 1.5%. we'll take it. up 200 points. the russell seeing nice gains. 1.5%. let me get you this number. $15 billion for something that disappears? not really. but that's the massive valuation photo messaging app snapchat received after we learned that alibaba has poure

snapchat. very interesting companies. let's talk about stripe and what it is and isn't.people compare it to visa they compare it to apple pay, it is really none of those things. >> if you think about how payments used to be for e-commerce merchants, it is a much more complex process. today, any developer that opens up a website and starts selling goods, payment is a way to embed in their site. >> it used to be when someone started a website, you had to build an infrastructure to figure out how am i going to recognize the numbers coming in, how am i going to verify those numbers and suck the payment out of that account? how can i tell consumers that it has been accepted? >> that's right. today, you create your website and in minutes you can accept payments. stripe does that in a matter of moments. >> the inter-webs, a series of tubes, is at least 16 years old where you have e-commerce sites. is it really that -- the entire time or has not been an api for that? >> absolutely not. in today's world it looks like a broken stack. when you think about what the interchange -- >>

alibaba is planning to invest in snapchat in a plan that would invest the start up at $15 billion. they plan to put 200 million dollars into the mobile app that allows users to send each other photos and videos that then disappear. coming up, we talk more fx. let's check on the single currency. we broke the 1.05 level earlier on. it is that 1.05 -- at 1.0592. we will have plenty more next. we also have some numbers before we had to break. the operating profit for full-year 2014. it is less than analysts expected. the 2015 outlook is more cautious. ♪ francine: welcome back to "the pulse." we are live on tv and radio and streaming on your tablet and phone. let's continue to talk currencies. we are back with geoffrey yu. before the break you were telling me that you don't see parity and this is not fair value for euro-dollar. we are currently at 1.0588. geoffrey: two things to bear in mind. when the fed talks about international development they are supportive of ecb policies. i don't think the euro matters as much as the canadian dollar and mexican peso for the fed targets. if you lo

all those carriers view themselves as being attacked by the so-called over the top layers, like snapchat or facebook whatsapp facebook messenger, which is taking away big part of their business, which is text messaging, sms, and only requiring them to provide the bandwidth. this is an ongoing global battle between those two sectors of the industry. nobody really knows how it will come out. frankly, they are both quite profitable sectors of business so i am not setting any tears on either side. cory: just a little bit of tears for verizon and at&t? [laughter] david, always good to see you. "bloomberg west" will be right back.

an ordained priest in san antonio, texas says that he will take confessions through the snapchat app for the next two weeks. >> but as lauren lee explains many people are skeptical that it's the real thing. >> instead of turning a church to confess your sins could you instead turn to your phone? a local ordained priest says he's offering confessions digitally for the first time through snapchat. but some faithful believers are skeptics. >> it's not confession. it's not what the sacrament is all about. >> father tony valanno hears confessions in person daily at san fernando cathedral downtown and questions who could be behind the on-line confessions. >> he's not a catholic priest. because the church teaches when you go to confession you should go to the priest. either behind a divider or a face to face. >> the priest wants to stay anonymous but you can reach him through at priest david. he's making himself available through the app through march 16th. >> doing it snapchat i mean you can do snapchat or through the internet and list everything you've done and there's no humility in ther

how about snapchat, a company?lliams and robin thicke's lawyer vows to fight the "blurred lines" verdict. what is next on music battle, david? david: ambush in ferguson, missouri. two police officers are shot. there may be leads in the case. we'll give you details. box shares falling back to earth after it is first quarterly results as publicly-traded company. we have the ceo. ceo aaron levy will tell us why he is not worried about this. aaron is coming up. ♪ at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. bring

the talks come as snapchat looking to raise new funds.lwaleed invested in several tech brands including twitter and jd.com. >>> and let's take a look at today's other top stories. most business economists expect the fed to raise rates in the second half of the year. 71% of respondent expect a rate hike sometime this year. the feds' approach is about right. the survey was naeb survey was taken before janet yellen's testimony. maybe the latest data points may change that picture. >> absolutely. i think the data has been very positive. an janet yellen's testimony was taken to dubbish. now we're back quickly and it's responding more to data than rhetoric. >>> greece's finance minister warned the country could call a referendum if the creditors reject the debt plan. it comes as jones finance ministers prepare to meet in brussels to hear at then'hens' latest. let's get live to julia. >> reporter: thank you so much. as you said. greece take center stage and we're not expecting to reach any conclusions or decisions today. you're not watching a re

we will be right back talking about two of the hottest startups -- snapchat and stripe -- right after ♪ cory: you are watching the best of "bloomberg west," where we focus on innovation, technology, and the future of business. i am cory johnson. here is a look at the stories that made headlines in technology this week. apple delaying production of their larger screened ipad. production of the big ipad is now scheduled to start in september. apple has been dealing with delays involved with the supply of display panels. ipad sales have been falling for four straight quarters. research team led by microsoft cofounder paul allen has found the wreckage of a massive japanese world war ii battle ship. the ship is called the -- it is considered one of the most technologically advanced ships in that war sunk off the coast of the philippines by u.s. forces in october 1944 in the run-up to the battle of the lechi gulf. they have been searching for this ship for eight years. and there are a lot of ways to pay. i can swipe with square, click with stripe, wave with apple pay. how many of these opti

that makes snapchat a valuable start up. >> are you a snapchat user?but i'm too old to be. >> 35% of all people aged 18-29 use snapshot -- snapchat every day. >> can you still poke people on facebook? as i do not know. -- >> i do not know. it was a copy of snapchat. then they changed their name. you are talking about a service, exponential growth, new investors. one of the investors former tiger management. alix: alibaba talking about funding for the company is also funding a $20 million fund with china''s largest automaker. it helps to develop a connected car that may go on sale as early as next year. matt: this makes a lot more sense to me than snapchat. they are all into it. by do want to make a self driving car just like google. apple wants to make a connect some kind of car by 2023rd it is good alibaba will go with -- because nobody expects much from them. a chinese carmaker, very low-quality products. pimm: they will add joint venture with volkswagen. they do models with gm. >> they cannot get the technology straight and they cannot get productio

it is like snapchat meets vh1 pop up video and i don't know.t is falling from 140 on the iphone app download chart to 523 yesterday. meerkat ceo ben rubin joins me now. amazing attention to what you guys are doing. the app store numbers have fallen off. what do you make of this? ben: we have been in the live video space from within two years now. we have known success and failures before. one thing that is interesting to see about meerkat is that it was able to unlock behavior of live streaming behavior. people that wouldn't live stream otherwise are now live streaming. cory: so we are meerkating right now as we are having this conversation. gil martinez is holding your phone. people want to watch this broadcast while it is happening, what do they do? ben: the moment you go live, it is published on twitter. everyone who follows you on meerkat gets a push notification and they can watch you from the web or phone. cory: they can go to my twitter account or your twitter account and see this? ben: yes. if you are commenting on it, it will be shown

is it face time or snapchat?eople being willing to share themselves in public, and then, of course, technology. bandwidth. the screens are better on the phone. people can do this in their pocket these days. cory: i want to figure out who is going to succeed. you could have the best product in the world in betamax and you are not going to win. but i wonder, when there is a marketplace, it is hard. eventually, there was the stock exchange, but this took decades to happen. ebay has a lock on online auctions, despite some competitors like amazon. is there room for lots of different services like this, or will everyone go to where everyone is? ryan: there are different spaces and niches, like amazon tv, and live streaming of video games. that is huge. it is massive. and both meerkat and periscope are new. who knows overtime, but it is so early. meerkat launched last month, periscope last week. cory: facebook knows who my friends are, in i curate that by kicking people off, and linkedin has a different graph of me, and

honda snapchat joe biden. -- time to snapchat joe biden.ughter] ♪ >> jennifer epstein, good story on the hillary clinton thing. >> this is "taking stock" for march 3, 2015. i am pimm fox. we begin with benjamin netanyahu's warning about a nuclear deal with iran. >> we have been told that no deal is better than a bad deal. well, this is a bad deal. it is a very bad deal. we are better off without it. >> there is no deal yet but president obama says the negotiations are open. >> if it is a deal i have signed off on i wi

. >>> alibaba has become the latest investor in snapchat.e new investment gives snapchat a paper value of $15 billion. this first reported by the "wall street journal". guys t also makes snapchat one of the most valuable tech startups there is. tesla's worth 24 but it's tesla, they make cars, $24 billion. snapchat 15. >> they reach a lot of young people advertising. >> for sure. >> thank you very much, scott. >>> 5:53 right now. march madness, can you feel it? it is a productivity killer for companies. reportedly. >> a report by challenger, gray and christmas suggests distracted workers could cost employers almost $2 billion in lost wages because people fill out their brackets in the office and during the first two days of the ncaa tournament. dozen games will be played during the work day. challenger says employers shouldn't ban office pools because it could hurt morale. >> by the end of the first two days, everyone's brackets are already busted so just two days you're sacrificing. i have a sneaking suspicion that christina loren has at som

a priest in san antonio, texas it making himself available to hear confessions through snapchat.remain anonymous. you can reach him through @peach through@preachdavid. some don't think it's a good idea. they think the coneffects should be done through the divider or face to face. >> you can do it through the snapchat and there's no humility in there, no ownership. >> keep in mind that the videos are only ten seconds long, so depending upon up who you need to confess, you might have to send several in order to fully cleans your -- cleanse your soul. >>> i can't figure out why brian can't clear out the south bay, i confess. >> i don't know. >> wave your magic wand, brian. >> there it is. it's done. [laughter] >>> good morning, everybody. yeah. we are approaching the 9:00 hour. still remains very busy in some parts of the bay area. let's take a look at the maps. we start off with northbound 880 going through oakland this morning. very busy from 238 really into the heart of oakland. the reason why, there is a disabled vehicle blocking the number two lane. that's off the heggenberger

snapchat is a mobile app to send photos and videos which then disappear.ecd secretary-general will meet to discuss greece's reform. they began talks in brussels yesterday. those continue today but some central bankers are said to have raised opposition to the prospect of any additional emergency cash for the country's banks. a traitor has pleaded -- trader has waited guilty. he agreed to cooperate with prosecutors. he is accused of cheating customers through bought and sold ponds. -- bonds. anna: the great finance minister has accused the ecb of pursuing a policy that could be as succeeding to the great government. despite economic turmoil greece's shipowners have managed to weather the storm. good morning to you. give us a bit of context. how big is the greek shipping industry because this is a very small economy but not so this particular contribution. tom: the greek economy is 0.4% of the world economy but in the shipping industry it is one of the major industries for greece. the helen a clean is worth 106 billion. in terms of the greek economy it is 7%

snapchat has more than 100 million users. >>> alibaba a stock to watch this morning, so, too, is googlelandon dowdy live at cnbc world headquarters with a look at all your business headlines. good morning, landon. >> hey, sam, good morning to you. futures are pointing to a higher open today. stocks fell gradually throughout the day on wednesday closing at the lows of the sessions as investors can shake fears the fed may raise rates sooner than expected. we continue today on unemployment, retail sales and import prices. the dow falling 27 points to 17,635 and the nasdaq down 9 to 4849. amazon may be the biggest online retailer in the u.s. but now also a place that supports the little guy. amazon is launching a store to sell exclusive electronics, toys and other items created by inventors and small businesses. some products were backed by kickstarter campaigns and others featured on "shark tank." the items will be available for two-day shipping for prime members. >>> march madness is here and distracted workers could cost employers at least $1.9 billion in lost wages, as people fill in lo

>> i am fascinated by the snapchat thing. i have never been get into it.ordinary how much it is being used and how much attention companies are getting for posting the videos on their. i am bullish on it. >> i don't understand it at all. uber has a high valuation and i understand that. snapchat, aside from -- i don't understand what you can do with it. >> it is incredibly popular. betty: our director just said it is a sign you are getting old. >> it is. >> one of the many. betty: number 7 -- a bidding war breaks out for a drugmaker. it is worth more than $11 billion. salak's agreed to a $10 billion buyout for valley and pharmaceuticals -- valiant pharmaceuticals. >> it seems like it is hard to keep track of all the deals and offers going on around this company. >> they are taking rollup strategy to an extreme. it is in a segment that is taking mna to an extreme. betty: there is a great quote in a bloomberg article about valiant that it is a drug company that likes to make deals now. it is a deals company. >> i thought you were going to say another quote. w

and alibaba now investing $200 million in photo messaging company snapchat.s currently blocked in china. remember when he had that billion-dollar offer and he didn't take it and we thought he was crazy? now it's $15 billion. setback for uber and lyft. failing to show their drivers are independent contractors instead of employees. those cases will proceed to jury trials. a ruling for the company could force them to pay social security workers comp and reimburse drivers for their expenses. >>> and we're going to talk about banks right now. results from the fed's latest round of stress tests released late yesterday. kayla tausche is here to break it down. >> good morning. 29 out of 31 did receive no objection from the fed. but in reality most big banks barely squeezed by. goldman sachs, jpmorgan, and morgan stanley all had to lower their planned returns to shareholders. otherwise they wouldn't have met requirements. the culprit was a shock to the six biggest banks that included a sharp rise in corporate bankruptcies. bank of america had enough capital on hand bu

the least is letting people send digital confessions over snapchat.at the church is for. the internet is not reality. >> the only real confession is through a priest. >> can you reach the anonymous priest through snapchat until march 16. it is not clear what church he is attached to. >> oprah will close her studio in chicago at the end of the year. the network is moving production to a new studio in west he will wood. she filmed the talk show at her studio in chicago fore 20 years and was there yesterday to tell the staff of 200 that the studio was closing and employees are offered freelance work if they want to come to california. she fowl the chicago property last year for $32 million. >> what a difference, it employed people and it revitalized an entire area in chicago. >> oprah was a big industry in chicago. >> we continue with the top stories. >> target targeting their own workers with big job cuts they are getting ready to make. >> a bay area medal has his gold medal we dreams dashed with a race to recover his high-tech prosthetic leg. >> anothe

snapchat ceo emily white is leaving the company.director sarah sperling and the ad executive mike randall out the door. what is going on? joining me bloomberg west editor at large cory johnson and on the phone from sxsw in austin, alex brink go. cory: you know, you are supposed to take a picture and the executives careers disappear. i think startups are hard. and founder run startups are even harder in some ways because they have a clear notion of what they want the country to be right -- the company to be like. they are getting so much attention and are launching into so much scale and have such high valuations for companies that are barely out of the gate -- maybe that is why we are seeing some ugliness that goes with startups. alix: it's interesting. emily white was building the sales ad business and that is still in its very early stages. alex, is anyone saying anything about this on the ground in sxsw? alex: it will be a key area to pay attention to. they have the full discover thing. it is not showing up on videos. and they ar

should the church allow confessions by way of snapchat? >> oh, my. >>> new after 4:30 there's a new way of quizzing california's students. get a look at >>> prince william and china's president talked soccer today during the prince's historic visit. the pair discussed twice link the countries by teaching kids soccer. the duke of cambridge also hand delivered an invitation from his grandmother to president xi jinping. he's looking forward to visiting queen elizabeth this year, later in the year. william is on a -- a solo diplomatic trip to improve previously strained relations in the far east. the first member of the royal family to visit china since 1986. >>> new episodes of marvel's "agents of shield" return tonight on abc w7 more of the on-screen chemistry and tension between mockingbird and hunter played by adrian policki and nick blood. we have more on the co-stars. >> reporter: the way you have been teasing each other i would have thought you were real-life exes. how will that play out? >> yeah it's a real human almost of it. it was n

you are invested in stripes snapchat. they're interesting companies both. talk about straight and what it is. some people compare it to lisa - - visa apple pay paypal. it is really none of those things. >> if you think about how the payment used to be, a much more complex process. today any developer that opens up the website it is merely a call. they used to be when someone would start a website, you could go to drugstore.co and would have to build an infrastructure to figure out how i will recognize a number that will come in. how will i verify the numbers and set the payment on that account? >> that is right. >> waiting for approvals to get into business today. today you create the website and within minutes it does this for you. you can talk about what we just talked about and make it of course utility everyone uses. >> this is at least four years old, maybe 20. probably about 20 years old. is it really that entire time there has not been a api for that gekko >> absolutely not. in today's world it looks like a broken stat. when you think about the inter

current ou football player eric striker went on an outrage on snapchat. he was hurt by the damage of the school's reputation. he calls the back to expel those responsible. >> it is playing out. it is out there. i'm not saying it hasn't happened before but this is something that really not the little things should get pushed under the rug. we believe that president boren is taking the right actions and investigating and doing the right thing. more than just suspensions and expelling these students. the people responsible for it and people on the bus. this is how we feel. that action should take -- students should get expelled. >> early monday hundreds of students march silently to protest the video. they were joined by president boren that real sooners are not racists. >>> more demonstrations following the fatal police shooting of an unarmed biracial teenager. hundreds protested the killing of 19-year-old tony robinson by walking out of the classes and marching to the state capital. ryan young has the latest. >> reporter: we saw the frustrations rolling he

things like put gifs and fun images, fun songs and interact in ways these other newer apps like snapchate cooler and captured the mind share of younger demographics, inserting that into messenger. and the monetization -- >> they're taking the word facebook -- this developer conference they're opening to app developers to do things with messagers. but it's called messenger. not facebook messenger. what's wrong with the name facebook? why do they want to get rid of it? >> if you talk to anyone under the age of 18, facebook is not not really -- >> not cool. >> they're on snapchat, instagram. which is owned by facebook. and their time on social media is split among many other apps. rather than trying to emulate exactly what those apps do, which facebook used to do, it's now inviting other apps into the party and putting its own brand as far away from the storefront as possible. >> what do you make of this? the fact that facebook is not in this, the name? is facebook not cool, does that hurt the business of facebook? >> facebook is not cool. when mom and grandma goes on facebook, then it's re

in chinese biggest -- and china's biggest company is investing in tom keene's favorite app, snapchat. the mobile app is valued at $15 billion. that would make snapchat the third most valuable startup behind uber and chinese smartphone maker xiaomi. and critics say barbie has gone too far. the new hello barbie is wi-fi connected and will respond when kids speak, but privacy advocates point out that children's voices will be recorded and then sent over the web to a server. that is where the voice will be process. tom: are you kidding me? olivia: critics call it creepy. tom: yeah, creepy. i am all over it. i barbie is really struggling. there is a lot of cultural stuff going on here that nobody is talking about as well. we have a data check. we could do an hour data check this morning. futures up 5, we are really getting back pre-jobs, 2.08, the euro at a $1.0591. nymex has been soggy for the last 18 hours, $48.5 dollar index hit $100. sterling3. the under a $1.50. brent crude was a $56. we are back to 50 eight dollars today. to get us started on "bloomberg surveillance," today, this is

when could we see other big money companies like uber and snapchat go public. vc investor will weigh in. one thing facebook's mark zuckerberg looks for in hiring a new employee. his answer when "squawk alley" continues. now with the you can watch live tv anytime. it's never been easier with so many networks all in one place. get live tv whenever you want. the xfinity tv go app. now with live tv on the go. enjoy over wifi or on verizon wireless 4g lte. plus enjoy special savings when you purchase any new verizon wireless smartphone or tablet from comcast. visit comcast.com/wireless to learn more. >>> the apple watch set to hit stores in apple but will sales move the needle op the stock. our next guest isn't so sure. here with us is sherry, senior technology analyst at deutsch. >> thanks for having me. >> your report is moving the needle on the street for apple. why do you think that it can't stack up to other products. >> it's not that i don't think it can't stack up to our products. ta is an it interesting product. it's just that apple has so much revenue at th

let us know snapchat and their.re the growth is in the real world and it is shrinking in the mass messaging. they want to get able to develop apps so it becomes more of a platform that people are doing their messaging and don't want to go away from it as they have from text messaging. olivia: one other thing is they are talking to content publishers about getting their content on the facebook messenger platform which is very significant. if you are the new york times you have a business model that is discretion based -- that is substitution based so how you overlay that with facebook? elizabeth: that is another exciting opportunity they are bringing to the table. i do think we are going to see more focused on providing more opportunities for those publishers to get advertising dollars. the rule of thumb right now is to get people to stay on facebook. unless they want to message matt: then they will have to hop on the other app. cory: this content thing could be proved to be one of the dumbest things in the history o

they also may be looking at snapchat and seeing what they are doing with the buffer feature where mediapanies and news outlets have come in and given really specific content. alix: and they discovered a huge premium. alex: right, right. alix: thanks so much, alex brink a and cory johnson. will be right back. ♪ alix: here are the top stories we are watching and ahead of the closing bell. richard handler returned to california to stop declining revenues. this is according to people with direct knowledge of the matter. at the same time, jefferies competitors are looking at companies outside new york. freddie mac is selling more than $1 billion of soured u.s. home loans. the loans are all located in new york. and deutsche bank cutting its 2014 compensation for both of its co-chief executives by 11%. as europe's biggest investment bank posted the worst growth they'd try to keep the full-fledged business bank and consumer lending unit, even as profitability suffered. we are 30 minutes from the close of trading. let's go back to our markets desk wearers scarlet fu is looking at the biggest mov

and what does prince ali snapchat about?welcome back to "squawk " everyone. we've been watching the futures this morning. after the big declines we saw on friday, not much bounceback today. just about none. you can look now. things are relatively flat ahead of the open. >>> prince ali al-waleed has been snapchating. the meeting covered topics from economic issues and a potential business cooperation with the holding company. snapchat is in a new round of funding that would value at company at $19 billion. >>> the harvard business review took a look at social media concluding an active presence doesn't necessarily lead to more consumer dollars for those companies. here to tell us why that's wrong is the man behind the curtain. oliver luck is founder of the audience. it's great to see you. >> thanks for having me. >> who's going to take notes? >> i've been tweeting him since early this morning because i need notes on this. >> is there any way that the eventual promise of monetizing this information is below expectations? >> lo

and alibaba investing $200 million in snapchat which would give snapchat a pending app with disappearing active positively users. march madness is a productivity killer at the office and will cost companies $1.9 billion equal to christmas. but boxes should not be strict because it helps office moral. >> eric and kristen? >> for my experience the bosses are playing as well. >> they are trying to lead with good morale. >> the as and the giants have a star player on the roster for play today. >> will ferrell is playing for ten teams in arizona raising money for cancer pa honoring the first major leaguer to play every position in the same game. the first game is at 12:00 and will suit up for the as and mariners and then play for the giants and white sox. he will catch for the giants and play shortstop for the as. >> we will know he had a double in the movies wren he cannot pitch a strike. >> a double beer? >>> double beer exactly. >> that would be fun to see. >> we will see how much fun we are having with the weather. >> you love sun and warmth? this is your pattern. live doppler hd shows no

alibaba is the newest investor in snapchat. it is investing $200 million in the mobile app at a $15 billion valuation. that would make snapchat the third most valuable start up behind uber. snapchat users send more than 700 million messages a day. remember, it is right creek -- it is ryan seacrest's favorite medium. boxing -- floyd mayweather versus manny pacquiao for the welterweight championship of the world. this is going to be the fight of the century. it is on may 2 at the mgm grand in vegas. at a news conference, mayweather did his best to add to the height. >> this is a fight that the world cannot miss. this is an unbelievable matchup. action-packed fight. stephanie: those who say they are five years too late for this fight may be wrong because the prize money is expected to be more than $200 million. vegas bookies say mayweather is the favorite. i can only imagine how much the hotels and clubs will make. erik: what was the big lesson firm banks in this year's stress test? take your best swing. the fed doesn't mind if yo

facebook is going to be competing very soon with snapchat for those dollars.e other hand has that much higher intense urge. tom: you have been an expert on this for years. of note is in the six weeks of change, the google zeitgeist in the media. how -- is there a mystery there as to why we were one out there for morgan stanley? -- pour oenne out there for morgan stanley? howard: google is a that are bank then goldman sachs could ever be. they can invest all the greatest company's. yes mark zuckerberg and sit on the throne and that the best companies brought to him. twitter offered 6 million for this, are you ready to bid? brendan: i got to jump in here. we are going to a very real one. twitter question of the day. ♪ tom: good morning, everyone. "bloomberg surveillance." olivia sterns demanded to take the day off. weeee gave it to her. brendan? brendan: investigators want to know white adverse lubitz plunged to that plane into the alps. investigators believe he locked the captain out of the cockpit. investigators are telling a german newspaper that they "made a

current member eric striker denounced the video on snapchat. he said he was hurt by the video and what it brought on to the university. >> it is laying out straight and it is out there. i'm not saying it hasn't happened before. this is something that really extreme. not saying the little things that happened before should be pushed under the rug. we believe that president boren is taking the right actions and investigating and doing the right thing. more than just suspensions and expelling these students. the people responsible for it. the people on the bus. this is how we feel that that action should take place. students should get expelled that had to do with that. the ones on the bus. >> early monday hundreds of students and faculty members marched silently to protest the video. they were joined by university president david boren that real sooners, he said are not racist. >>> new demonstrations in madison, wisconsin after the shooting of the unarmed teenager. students walked out of classes and walked to the state capital. ryan young has mor

noerd you take a picture of yourself on the snapchat app and send it to him.ou. >> once he watches it that sin vanishes away. he says he's aiming at a younger person who can be drawn to the church. >> or brief. it's got to be done in ten seconds. >> confessions can't be that extensive. what do you think about that? >> i think it's a great idea. >> you think it's a great idea? >> it's a genius idea. i feel bad what i did yesterday, but i don't have time to go find a priest. and wait in line. this way i can snapchat on my iphone. >> does he absolve the sin back on nap chat? >> there are a lot of people who don't think he's a real priest. it's a guy who put this out and all these people are sending him all these sins they feel they are committed. and he's getting the last laugh. >> one reverend out there saying he's not a catholic priest. the church priests you should go to a priest. >> the bible says nothing about snapchat? >> i'm going to look. >> are you sure? >> maybe. i'll check the book of zef zephaniah. netanyahu is warning congress there will be kwnss to

>> i think snapchat is an amazing company and that's a compliment to get.son we did the content to disappear not because we believe in ephemerality, we believe that when we were kids, we took pictures and we had cameras and then software came as a substitute and instagram and we had the habit to take pictures and instagram came and it was a natural transition to software, but we don't have this habit of streaming live video. it's something that we don't naturally have. i think for us, the mission is to make sure that everybody feels comfortable with that. so in order to make this -- and this is the real goal for us, to make sure that everybody is comfortable for going live and live stream their experience and for -- to make this comfortable, we decided not to keep the streams lighter, but we do like to keep it on your phone and do whatever you want with it later. we're if the business of participation. we're in the business of live and in real-time experience. >> all right. well, meerkat founder and ceo ben rubin you're going to south by southwest looking a

take, for example, snapchat which we're a partner with.he fact that they had to buy whatsapp for $19 billion which ats the time was 10 to 20% of their market cap. not like they have a lock in they keep forever. they have to keep spending money to protect that for tress. >> bring in jason an analyst with oppenheimer and company talking about facebook. good morning. >> good morning. >> i'm looking at a chart going back to spring of 2013, it has not tested the 200 day. you to go back to the days when it was literally in the low 20s. why is it stubbornly strong? >> look, i think as investors are looking for large cap growth, it's hard to find large cap growth and, you know, if the choice is either this versus google, you know, google is slowing, still has a dominant position, but this is a company who's clear going to continue to grow for the foreseeable future and so when you layer that on top of these additional legs of growth whether it's, you know, instagram, video payments it makes it a very exciting story for the foreseeable future. >> j

is snapchat which, you know, in the pinterest and all these other companies worth that?scott, we've been doing this for a long time. the market gets to set price. the buyers think that's what it's worth. time will tell if they're right or wrong. i look at this and go uber to me is the most powerful really exciting idea since facebook. so that's a huge deal. the problem is, it has a management that has shown itself to have some very, shall we say, significant limitations, huge assets but also limitations. and i think they've really had a tough trailing three months and, you know, they need to kind of get back on their a-game and learn how to sell congestion pricing as an actual constructive part of their economic model. if they can't figure out how to do that, i think they're going to have real trouble. what may happen to them is what happened to the early leaders in search which is that, you know, they plateau and then all of a sudden somebody figures out a better model the way google did and comes in and takes over the whole space. because now you understand how that's

it appears most of the photos were originally sent to one recipient through apps like snapchat. >> thearents, that's where it starts with the parenting. kids will do kid things. >> it's wrong on every level. it's privacy, respect. >> the district issued a statement, knowing that npsd and local law enforcement officials are working together on this matter and take alleged activity such as these very seriously. pennsylvania has strict laws involving the sharing of nude photos even from one minor to another minor. law enforcement is encouraging anybody with relevant tips on this to contact the police. >>> investigators are calling it a case of fighting back. philadelphia police say robbers tried to hold up two friends headed home from work but one of the victims had a gun. this is the intersection in overbrook where a pair of you armed robbers confronted the friends thursday night. one of the victim was shot and kill. detectives say the other victim pulled out his concealed carry handgun and shot both suspects. this is the second deadly botched robbery here in recent weeks. a man walking