snapchat introduced live stories last year.eature allows you to stream content from live events like the new york marathon. snapchat is currently valued at $16 billion. well, cisco steps up in china, a market where it has been losing business to competition. the outgoing ceo and his successor chuck robbins went to beijing to meet the vice premier and sign an agreement, pledging investment in china. how important is china to cisco? here to discuss it, nolan, an analyst and you are on the board of xiaomi. i want to start with you. guest: it is a big deal. cisco does a little over $1 billion in revenue. china used to be north of $2 billion. $10 billion over 10 years is a big number. they have the opportunity to add a lot of r&d talents. they have a large footprint. they could have walked away from china given all of the challenges they face, but this is definitely a recommit. emily: emily: a lot of companies have walked away from china. what you make of this? tensions have been rising between china and the u.s. on the nsa, spine.

snapchat is a private company. know, he's not one to mince words about his business being up-ended by some of these companies like google, like facebook. but carl, when you think about new products that have been unveiled this week it really does appear that facebook has the lead or at least is the most innovative and trying really to predict where the industry is going to go. old wayne gretzky adage, skate to where the puck is going to be. perhaps the new immersive technology won't move the revenue needle, but it's giving the advertisers something new to work with i know jon steinberg you looked at this very closely, what facebook is doing. >> i don't get what they did yesterday. it was a concept car. chris cox got up and showed a prototype of a full-screen magazine type ad for michael kors that they may or may not launch. we're part a anywheres with them, we're more deeply partnered with snapchat at this point. my view is snapchat is pulled ahead on vertical full-screen video. i think the fact that the stock was

snapchat? make it less cool? >> well that's what happened with facebook, right. but here we are still stuck to it. because of the network effects of facebook. that will inevitably happen and the next snapchat will come along. we've seen time and again that advertisers follow audience. it's happened with google, youtube, twitter, snapchat so snapchat has a huge audience, to be taken seriously. >> we get over to diana olick with breaking news on so-called robo signings, diana? >> remember robo signing when banks fraudulently signed thousands of foreclosure documents and got in trouble for it? well now years later, federal regulators have ended foreclosure-related consent orders against bank of america, citigroup and pnc saying they met all the order requirements imposed in 2011 after the robo signing scandal. but they have imposed business restrictions on six other banks that have not completed the required corrective action. they include jp morgan chase, u.s. bank national association, wells far

they are facing competition from facebook snapchat, instagram, and whatsapp.se are four major players taking our attention every day bit by bit. it's not an easy task. i think it's easy to stand back and make comments about, twitter has problems. yes, they have problems, but look at the other problems. snapchat is a great company except they are not doing too well with their advertising. there are a lot of issues with everybody and i think twitter being the company it is, which lives in public -- it is going to have to learn to succeed in public and fail in public. that is the challenge with twitter. emily: josh, are these fair questions to be asking? is dick costolo doing a good job? should he still have this job? are we demonizing twitter unfairly? josh: i think what is interesting is twitter's competition. when you compare what other people in the space are doing to what dick's answer was, everyone is trying to be the place where you communicate in real-time. the right way to answer this question is -- i can't speak on everything he has done. some of it has

i like snapchat. i'm not angry about snapchat. have to keep up with the kardashians for longer. last night, there was a teaser for the wrap-up of this season of "keeping up with the kardashians" for next season. we saw kim getting a sonogram, being told everything's perfect. it's exactly what you want, sharing the news. if you've been following the kardashians or watching the "today" show kim has had trouble. >> issues. >> trouble getting pregnant a second time. she had a difficult first pregnancy. a surrogate was suggested to her. she didn't want to do it. she grew up with a big family, she wants north west to have a big family or brother or sister. here we go. >> all right. >> on that news we can share our own that the katalde had a little baby girl named amelia, and if she's watching we want to send our love to you. they had a lot of trouble as well. >> send pictures on snapchat. >> no. >> there it is. >> look at this. they're brand new. >> adorable. >> they had trouble too. it's not just the celebrities in the world we celebra

emily: what about snapchat? here to stay, or just a fad? chris: snapchat is very real. guys came up to me after an event i did once and they said they were big fans, we would like to sit down. at first, i did not get it. emily: you passed on snapchat? chris: i didn't pass as much as i didn't follow up. i was like, is this a * * pic thing? i passed on airbnb. at google, i told eric not to invest in go pro. each of these times, i focused so much on the negative case that i missed all of the positive case. airbnb founders, i said guys, this is dangerous. i think somebody might get raped or murdered while they are staying at someone's house and the blood will be on your hands, and i said this out loud to the guys. emily: you didn't pass on uber. you own 4% of the of the company. chris: i was lucky to be one of the very first investors. i had deep convictions about what it could be. emily: you don't think uber has used any dirty tactics? chris: i don't. i think they have used aggressive tactics. i think travis has been inventive in his tactics. emily: how big do you think ub

snapchat. >> do you do snapchat? benefits. >> children of fallen warriors. >> okay. >> one, two, three, four five six, seven, eight, nine ten. >> give him ten more. >> hot. >> there. >> no you have to write a check now. >> i'll write a check. that's okay. >> that's the easy part. >> as if you needed more exercise after your back ride. >> drop and give me ten of those things again. >> thank you for that. >> good-bye matt. >> we love you. >> what about hugh jackman. now, meredith tweeted she accepted the challenge. she wants to do them kathie lee style. >> i think we'll start a huge thing. >> it will be huge. >> we'll see if meredith comes through and jimmy fallon and hugh jackman. >> i had a chance to see a show you saw recently "finding neverland." it was poignant and moving. that's the cast. we're going to have some cast members on i think coming up next week. >> i think kara lee is coming and laura. >> matt they were all amazing. >> they were great. >> you know who showed up which was weird, david blaine. like like

they talked about where snapchat is going.ording to spiegel is what they're doing with video. it's a strategy he calls 3 v and the most prop nent v is vertical. turning the video ads vertical. he said it's giving the advertiser more real estate to play with and equivalent of striking gold. here's whey said with? >> i think by having a really great product, a great full-screen video unit the focus wb on terrific creative and not necessarily you know some of the, some of the other not so attractive advertising techniques. >> of cures, he has talked at length in the past about what he calls creepy targeting. when you try to buy something on the web and it follows you around. he says these are using data like your geographic location. but they don't have your data follow you around. he says it's more curated conte content. and he talksed in what appeared to be a barb at facebook saying brands should be able to have friendly on a platform. but they shouldn't be your friend. some interesting comments. and we're starting to get an op

coming up, snapchat turns head in the advertising agency. former paypal ceo will harris is here. what he sees in its future sever from ebay. and tech titans and rivals band together to form coding standards all machines can understand. blackberry's turnaround plan may be working. sales fell 32% in the first quarter, but the big surprise is software revenue, jumping 153% to $137 million. the stock spiked on the news but fell, closing down 4%. here's the breakdown. that software number is more than double from a year ago. that's all part of john thain's plan to transition from a smartphone company to a software and services company. i spoke to him about his software success and whether blackberry will ever start -- stop making those crack berries. john: it is essentially doing quite steady. am i disappointed? i would love to see a good growth rate that it shows they have been very loyal. feedback has been high. that means people like the phone. on that score, i am satisfied. on the score of growing, i am not entirely satisfied. i don't want to debate whether it is choppy or not, i

they are investing in snapchat. there are three or four or five pennies that could buy snap shot which is alibaba. i am not saying they will. emily: what about twitter? brian: i think twitter has its own evaluation challenges right now. i'm not sure that alibaba would be the effective operational steward of that business. that is a little outside of my purview. probably a better question for jeff. emily: an investor in twitter told me he thought alibaba wanted to buy twitter. is that realistic? jeff: twitter is more of a media company. we believe overtime and mobile all these things can merge. mobile, social, media and commerce. several companies are entering the fray. emily: we are stirring the pot a little. thank you both. now while alibaba looks to gain favor in the u.s., apple is looking to china. ceo tim cook told the chinese language version of hundred business week that his company takes chinese consumer tastes into account when designing its biggest ticket items. the decision to offer a gold iphone was a not

snapchat ceo explains his app in a low budget video using paper. plus dirty tricks from the dugout. a major league baseball team is accused of hacking into another team's data base. and we'll tell you more about one contract that lost out after apple fired it from building it's spaceship campus. that story also coming up in two minutes. . >> welcome back and a very good morning to you. they ended up closing the day in the green. largely because fears around greece just eased a little bit but also u.s. equities put in a strong performance. we did open today slightly in positive territory but we have declined over the last hour or two and we're down 0.3%. let's see where that is evening itself out. germany down 0.3. it's declined since the middle of last week largely because of the greece fears. italy down just 15 basis points. bonds, the interesting development over the last week is seeing the bond yields move in the opposite direction to the core bond yields. ie doing what it's meant to do. reflecting country specific risks rather than what we expect central banks to do. the ten yea

like snapchat. and let's not forget video and personal finance. they are putting bets everywhere.he focus of more commerce into china is about these longer-term debt set will play out and contribute to future revenue. brad: duncan, how important is the international expansion considering it is slowing down in terms of growth? duncan: no, i agree with that point. the international investments are critical for china. they are involved with mobile investments and the domestic e-commerce market. first line of defense is offense, so invest in u.s. companies that can help them at home. they are hoping to place bets here but it's a chinese strategy of biding your time. they are busy here but they are very busy in china with the competition. brad: jack ma also addressed counterfeiting, saying alibaba is doing everything they can to stop it. does this make u.s. companies hesitant to work with ali baba or are they more confident now? alex: with the suit outstanding against ali baba, it does make u.s. companies take pause and that is part of his strategy. he was extremely impassioned talking

let's go to the new york times, a first for snapchat.paid for a political ad put up an ad on snapchat. it was featured in a snapchat story for joni ernst's "roast and ride vent." will let's look. >> stand up for american jobs bile calling congress and urging them to pass tpa because if we don't lead, china will. >> now i see. it's an ad with the side of the screens chopped off because it's an iphone. >> i don't understand snapchat. >> we were hearing it was the dirty thing teenagers used to send stuff. >> i did my first sthapchat sthapchat newscast. npr has one. you can follow us @npr news. >> i will figurer it out. it's obviously becoming important to capture moments. >> it doesn't seem to be the right ad to send to the snapchat audience. on tpa? it has a weird reference. >> there is exerer peer mentation going on. if er you are on snapchat you will see the ad. you can't skip it. on broadcast television you're spending money for viewers who aren't going to watch the ad. >> i'm still getting used to meerkat. i was patting myself on the s

. >>> looks as though facebook is stepping up its game to compete with snapchat. a new update is being rolled out. and it may look familiar. facebook users can add text additional filters and stickers to the pictures you upload. facebook tried to buy snapchat but the company rejected the offer offer. >>> mike is off today. but leyla, it's busy out there. >> it really is. i have something for you to take a picture of. it is absolutely breathtaking. this is a look from our mt. tam camera. makes you want to sing "the hills are alive." look at the green, just gorgeous. we have dissipating clouds right now. that chance of thunderstorms is nothing but history right now. equally as sunny in san jose. i'll have your full accuweather forecast coming up in a few minutes. >>> back on track to make history, how long will it likely take this solar powered plane to complete the next step on his round-the-world journey? >>> and suitcases stolen, the ♪ ♪ ♪ (piano music) ♪ fresher dentures, for the best first impression. love loud, live loud polident. ♪ ♪ fresher dentures... ...fo

recently, we've been doing much more with snapchat, even with micro-messaging platforms.nk social media right now is pretty exciting. i am particularly excited with where full throttle -- where virtual reality is going. we have been able to create an immersive experience for the customer, for the fan to be able a jet what happens inside engine. this is what happens inside your brain. i think that's really exciting. betty: on. media platforms, how do you measure success? us, a lot of it has and around ge's efforts to get into data analytics and ge becoming a software company around the industrial side of the world. for us, to use social media to go after's bios -- to go after cio's who are making engineering decisions, and to go after we want to come right code at various ge businesses. it really depends, and often you will look at one platform that can serve a multitude of needs and audience is -- audiences. right, as you say, needs at ge. -- anyone move the needle moved the needle the way and add 10 years ago would have four ge? hard tot's say any one platform, but in co

a still image from a very chilling snapchat video showing the bible study. one of the victims before the violence erupted. you can see the suspect highlighted in the corner of that image. all over the united states people are mourning the loss of these nine victims. they are expressing their shock and horror over a crime that appears to be racially motivated. earlier, i spoke to elliot the chairman of the charleston county council about the impact that this shooting is having on the kmienlt here. listen. >> heart broken. we lost a fantastic state senator and leader in our community. the county lost a 31-year employee reverend doctor was a retired member of the county family. this has just been a horrific -- a horrific couple of months. we have buried three county employees or will bury three county employees in a year. deputy shot and killed last year. we lost our radio supervisor that night from heart attack larry britain and we lost miss hurd. i can't make sense of the why. now we're praying, we're mourning and we have to come together as a community and t

. >> there was a snapchat i made where it's 50 degrees outside raining and ethan and grayson decidedgo for a swim at their home in long valley new jersey. >> that's what i saw when i spent a day in the life of these local fans were famous on the internet. >> it's a shark. getaway. >> it was because they were bored. they were like let's lets go do this. the brothers are popular for their births are -- bizarre twin dances. check out the video that's been viewed 40 million times. >> incredible, 40 million. >> i asked them how they become so hot in internet. >> are you guys twins? >> yes we are. >> it's weird -- to. >> we asked stupid though questions. >> i thought he was just really good at editing. >> there is a wall in their house that is dedicated to mail sent to them from fans across the world. these guys have fans all over the place and people watch their on line videos because they like the guys for their personalities. >> why do people do this? >> because they are awesome. >> and they are businessmen. getting paid by sponsors future products in their videos. if you are a fan you

emily: we are looking at $50 billion for uber potentially $10 billion for snapchat.s someone who is normally investing in public companies, with all these private companies staying private longer, how does that impact the bets you are taking? cathie: we think the market that uber is going after is almost a half $1 trillion market. if you look at our site, we have a study on that. we drive 3 trillion miles in this economy so we have a very big market ahead of us for what could be a winner takes most. that is obviously what they are going after. uber is working with -- tesla his thinking about this market. they seem to be pretty close to google. we don't know for sure. we have alibaba with lyft. they all know this is the ultimate mobile device. it is very technology oriented and that auto companies may be have a little trouble getting into it because essentially what these companies are going to -- $450 billion baton of us electric vehicle market -- autonomous electric vehicle market which we think could leave the traditional automakers in the dust. emily: uber certain

emily: what about snapchat? here to stay, or just a fad? chris: they will be around for a while.wo of their guys tried to to sit down with me. at first i didn't understand it. i was like, is this a dick pic thing? i was told to invest in go pro. all of these times i focus so much on the negative case that i don't focus on the positive. i think somebody might get raped or murdered while they are staying at some inn and some of the blood will be on your hands, and i said this out loud to the guy. emily: you didn't pass on uber. you only 4% of the of the company. chris: i was one of the very first investors. i very deep convictions. emily: you don't think uber has used very dirty tactics? chris: i don't. i think they have used aggressive tactics. emily: how big do you think uber can be? chris: that is truly limitless. i don't think it will be at least with $200 billion by the topic of public. emily: taking on fedex, is that some think they would do? chris: they are delivering packages to hong kong now. i did not invest in ship because i think it is something uber will likely give. i

. >> the youngest victim of the shooting, 26-year-old posted a snapchat video from moments before the attack. in the video you can see the alleged shooter at the far end of the table. family members say when he began firing he stepped in front of his aunt and took a bullet intend. ed for her. still, she was killed. sanders posted on instagram three hours before a quote that said "a life is not important except in the impact it has on other lives." he did have an impact on lives as you'll hear so many of those killed here did. i want you to listen to an interview given to anderson cooper. a woman who survived by pretending to be dead described to her the horror of what unfolded inside. >> what i heard is after shooting a couple rounds her son tried to talk him into not committing anymore murder. >> a person tried to talk him down? >> e he did. he tried to talk him down and her son and grand baby had already planned that they were going to just act as if they were already killed. but the son was concerned about the reverend. and he got up and that's when the gunman said you know after t

companies from snapchat to the new e-commerce marketplace, what are alibaba us ambition when i comes to the u.s.? is it just a cross-border commerce opportunity? guest: absolutely not and we have spoken on this show before -- jack ma and alibaba are placing very strategic bets not just in commerce but mobile users. and let's not forget video and personal finance. they are putting bets everywhere. the focus of more commerce into china is about these longer-term debt set will play out and contribute to future revenue. brad: how important is the international expansion considering it is slowing down in terms of growth? guest: i agree with that point. the international investments are critical for china. they are involved with mobile investments and the domestic e-commerce market. first line of defense's offense, so invest in u.s. companies that can help them at home. they are hoping to place bets here but it's a chinese strategy of biding your time. they are busy here but they are very busy in china with the competition. brad: jack ma also addressed counterfeiting, saying alibaba is doi

coming up, snapchat turns head in the advertising agency. former paypal ceo will harris is here.he sees in its future sever from ebay. and tech titans and rival

sanders posted a snapchat photo. a black shroud draped over the desk of clementa pinckney. he was emanuel's pastor leading the prayer group that night. all branchs of the library were closed in honor of cynthia hurd. she worked for the library for three decades. why would she have been there on wednesday night? >> because she was a christian. my mother and father attended that church and we were baptized in that church. it didn't surprise me that on a wednesday night she would be there. >> i'm sorry about this terrible loss. >> reporter: the 200-year-old church's leaders are committed to rebuilding. the family cries and the family moves on. marlie hall charleston south carolina. >>> jeb bush and donald trump canceled campaign visits on thursday out of respect for the victims but the issue of gun control was raised again at the attack attack. presidential candidate ted cruz asked for a moment of silence for the victims but did not raise gun rights. >> there's a sickness in our country. there's something terribly wrong but it's not going to be fixed. >> reporter: marco rubio

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coming up, snapchat turns head in the advertising agency. former paypal ceo will harris is here.ees in its future sever from ebay. and tech titans and rivals band together to form coding standards all machines can understand. blackberry's turnaround plan may be working.

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