so some difference there is. >> you have to be on spotify to be judged by spotify? you know, if you want to talk about spotify records, kendrick lamar, his new albumn, just released it, broke a spotify record. it had 10 million downloads 10 million streams, in one day, which happened about two weeks ago. >> oh,. >> none of his songs are on there. so i mean, you have better songs out there guys. >> don't you think that's probably because it is too fresh, i mean it, just came out. don't you think you need to give it some time, to see how long it lasts, how long people love it, still talk about it? >> i agree, if you you are tacking about streams different streams account on how many people really actually listen to the songs. >> i believe sing ill laid frisbee ands april everybody was doing that, that's bigger than the craze any love. >> well -- >> craze any love. >> that's booty lucious. >> i know. >> so back there. thank you quincy. >> you know that song by kendrick lamar marry jay now or never ever hear that one? it is good. >> really? >> i know, please. hey, this

as well as competition with spotify. pandora is governed by a different set of rules because it's internet radio. pandora has to pay the standard internet radio fees. spotify is different in that it does have to make deals with the record labels. so we saw taylor swift pull her music off of spotify. i suspect that the artists will continue to offer their music on oh services. it would be silly to give up the revenue, but i think they'll offer more different types of content. exclusive access to recording sessions and do that on this new platform. more music videos to build that one-on-one relationship. perhaps they can sell more merchandise to their fans. anything to own that one-on-one relationship with fans. >> interesting. julia, thanks. julia boorstin with the latest out in l.a. >> pandora, if you look for a trade i think it comes in the form of pandora. there were rumors they were going to hire goldman sacks to pursue a deal. to me, where there's smoke that's fire. and bill miller -- >> friday out in detroit. >> sto

spotify has a no charge service.led launch was extravagant. >> it was a potential launch. >> we are beyond commerce. >> of course it's commerce. it's business. i like the artists owning their site. it's whether the money goes into their pockets, if it works or where the money goes. >> what are they worried about that they didn't get paid enough? >> they are not getting enough revenue from sites like spotify, itunes, setting up their own site they will be able to get more money and more control as well. >> how much more are they going to get? >> i don't know. i don't know the specifics. it's not just artists and spotify. there's a record company in the middle as well. >> those who want to listen what difference is there going to be between title and the others? >> the title saying they are offering a full cd quality streaming service, incredibly high quality as it would be on a cd. other sites do very very high quality streaming as well. it's not that different. >> are you going to switch? >> i don't think so. 15 mill

spotify was not willing to accommodate that wish.ng about this that i am so encouraged by is what they are saying to consumers, music has value. you ought to be paying for it. you pay for things like bottled water. why wouldn't you pay for music? you without a loss of a high percentage of americans songwriters who cannot earn a living. if you are a songwriter that does not tour you are not able to get any of that income. services have got to have a price point so you can make a living if you are a songwriter. cory: interesting stuff. thank you very much. the drama continues as to former federal agents are charged with money laundering and wire fraud and stealing bitcoins. an amazing story, next on "bloomberg west." ♪ cory: the bwest byte is when we focus on one number that tells a whole lot. >> 2 is the number of the day today. that is the number of agents arrested in the silk road case. this is an amazing story. it is a testament it is not for illicit use. i think it sets the stage that this technology is here to stay. cory: one of

can they beat spotify at their own game? >> our goal is simple we want to create a better service and experience for both fans and artists. that is our promise to the world. >>> still to come aaron joins us looking at the $1.5 trillion -- >> lucy we are talking fashion. how about this? italy, israel and spain have pass zed laws panning the use of ultra thin models. models are going to have to prove they are a certain weight or be fined $80,000 or given a prison sentence. really? stay tuned. we are going to find out who and how you enforce this. >>> welcome to "gmt." it's 1:00. midday here in london and where nigerians are awaiting the results of the presidency. buhari is just ahead of goodluck jonathan. we are waiting for key states to declare their numbers. let's go there now. peter is there for us. how close are we to knowing the final result? >> reporter: well lucy the coalition announcing the results is supposed to commence about 45 minutes ago but witnessed a little bit of drama at the center when a former minister a ma

spotify has 16 million users worldwide. meanwhile, apple is expected to introduce it subscription streaming service later this year. genie: that is it for the businesses. kate moody, thank you so much. let's take a look at our press review. we have florence villeminot with us. hi flo. the press, august the, lots of focus on a deadline day for the talks on iran and its nuclear program that are happening in switzerland. florence: absolutely. there an interesting article in the "independent" today that tells how the countries are looking at what will happen and when the deadlines will arrive. some countries are optimistic, others are gloomy. this article focuses on two middle eastern countries in particular that herare paying close attention -- saudi arabia and israel. the two are being pushed into an unlikely alliance as a result. this might come as a bit of a surprise, and why is this alliance happening? the article says it is my enemy is my friend. both countries to leave that -- believe that tehran is intent on acquiring a

it will go up against spotify.ll to come, 10 minutes from now, stocks opening a little bit lower and we will take a look at the market movers with scarlet fu. also what a deal with iran could mean for oil. at 10:50 a.m., the newest super car on the track. matt: speaking of cars, the guy with the mouse hat on that walked out i think he has a sweet ferrari. is that dead mouse with the mouse head? he had a sweet ferrari the company took back from him. olivia: i will go back and watch it. now let's talk about the auto show. matt: analysts predict the s&p profits will fall for the next three quarters. we are likely approaching the end of a six-year bull market. bob dole is here to talk about that. we also have mike reagan to set up the story. mike, we are looking at those traditions for falling profits for the next three quarters. every time that has ever happened in history besides 1967, it means the end of a bull market. mike: not necessarily every time. there have been 33 periods or profits have fallen year after yea

i know you are an investor in spotify, there's pandora. can apple dominate streaming?continue to dominate music? scooter: i don't know if it's domination. i think that there is enough room for all these platforms, because people want to consume constantly in different ways, and there's so much content coming. emily: you are also a tech investor. scooter: yeah. emily: you have gotten into tech investing. you've invested in spotify, as i've said, uber, pinterest -- how are you getting into these deals? what attracted you to technology? scooter: because i missed one. when i was in college, facebook launched. and i actually e-mailed the creator of facebook, which was on the contact page. there was one profile per picture and responded with eduardo salverin, who was head of business affairs. "thank you for reaching out." i went back-and-forth with them for four months, saying, "i'm working at so so def, i love to throw parties, i'd love to be involved if there's a way, i could put money into the company." i didn't know what it was going to become. i said we should build thi

this is why taylor swift is not on spotify.pe if they do it themselves, they are going to get a better cut. they are also going to do exclusives. it is a higher-quality music track. brendan: this is a way of exerting more leverage over spotify. spotify was so dominant they could set the terms. i do not think that will be the case in the future. when you listen to artist and label's talk about this, the labels want to talk about it as if they are the artists. tom: it is ancient and tangible. you see it in the litigation. olivia: are you going to pay twice what you pay through spotify? tom: if i am an artist, i am in an uproar over this. brendan: do not miss the interview with pimm fox. let's take a look at photos. olivia: these are cool pictures. an annual joint military exercise between the u.s. and south korean troops. those are explosions from the sea. 80 aircrafts. this happened outside seoul. the exercise always creates tension with north korea. it looks like a lovely 19th-century painting. number two, cherry blossoms. thes

. >> now itunes and spotify look out. one of the biggest names is teaming up with fellow artists to launch their own streaming service. julia has this report. >> well it's called tidal and it's owned by jay-z. it will relaunch under it's new ownership but it's not just owned by jay-z. joining him on stage to announce the new service designed to put control of music back in the hands of artists were a range of the biggest nails across the music business and they all own a stake in tidal, beyonce, ma madonna, nicki minaj and daft punk. it benefits artists and listeners. it now costs $10 a month. that puts it head to head with spotify as well as beats which apple bought for $3 billion. now these museicians are looking to engage with exclusive content including behind the scenes video and extra tracks. we'll have to see if it's enough to compete with spotify. they have 60 million users. 15 million pay a monthly fee. the rest listen for free. tidal doesn't have a free option. >> ever since napster hit the market they've been c

unlike spotify and pandora, there's no free version.ccounts cost 10 bucks a month, but you'll have access for $20 if to all they call high fidelity sound quality. >>> this case caused a lot of concern at some local bars pap local man who was hiv positive admits to having unprotected sex with women. new tonight, his punishment. and what one of the victims said today in court. >>> changing the game for nursing moms. the professional ballpark that's sporting a new vip space for a special group of female fans. >>> we saw a few showers move through earlier in the day, now watching more towards minneapolis and chicago. why do we do it? why do we spend every waking moment, thinking about people? why are we so committed to keeping you connected? why combine performance with a conscience? why innovate for a future without accidents? why do any of it? why do all of it? because if it matters to you it's everything to us. the s60 sedan. from volvo. lease the well-equipped volvo s60 today. visit your local volvo showroom for details. >>> right now w

coming up lawmakers want cheap streaming services like pandora and spotify to pony up to artists but that may end up costing you a lot of money. also we were talking about money in. if you have money, where do you put it? banks don't want your money now. they're actually charging customers for deposits. could negative interest rates be coming to your bank and could this be the next big financial crisis? details you can't afford to miss, coming straight ahead. it's more than a network and the cloud. it's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support. with centurylink as your trusted technology partner, you're free to focus on growing your business. centurylink. your link to what's next. we're reinventing inhow we do business, so businesses can reinvent the world. from pharmaceuticals to 3d prototyping, biotech to clean energy. whether your business

spotify has 60 million users and apple is expected to introduce a subscriptions dreaming service later this year. -- subscription streaming service later this year. laura: no official announcement in nigeria following a presidential election. muhammadu buhari does look poised for victory. at the last count he was 3 million votes ahead of his rival goodluck jonathan. i run and united states have agreed -- iran and the united states have agreed to extend a deadline. it had been midnight tonight. they will continue into tomorrow. both sides say they have had enough progress to continue negotiations. lufthansa knew the copilot to crashed and airbus into the alps had suffered from a depressive episode when he took several months leave during his training for his license. those are the top stories. back with some business news. we will start in the u.k. where a campaign is underway. the economy of course taking center stage. reporter: that is right. conservatives and labor are head to head. it will be interesting to see how voters look to each party. they want to know the economy is in safe

unlike spotify, they have no free option for consumers.r swift had a public break up with spotify over royalties, pulling her music from the service and writing in a "wall street journal" op ed valuable things should be paid for. industry experts said she may be the exception and not the rule. >> you are not going to have to pay tidal to pay kanye and madonna and jay z and beyonce, but there is a chance that to hear music from these artists first, you might have to go to tidal. >> they're had a major push back some mocking the slogan. tidal for all makes no sense. the majority of your fans study and have no income not to mention people who are poor. others defended the cost and the artists. i don't understand how people can complain about the fee when we spend that on coffee. >> we spoke to spotify and we did not have a launch on tidal. they teamed up to launch a premium service by beats music that was not immediately successful but it is being relaunched by apple as a service through itunes setting up a very interesting battle. you have d

i know you are an investor in spotify and pandora. can apple continue to dominate music?oter: i don't know that it's domination. i think there is enough room for all these platforms because people want to consume in different ways and there's so much content. emily: you are also a tech investor. scooter: yeah. emily: you have invested in spotify, uber, pinterest -- how are you getting into these deals? what attracted you to technology? scooter: when i was in college, facebook launched. i actually e-mailed the creator of facebook, which was on the contact page. there was one profile picture and responded with eduardo salverin. i didn't know what it was going to become. i said we should build this thing. i still have the e-mail. mark has decided to bring in more schools. at this time, we don't want to bring in any more investors. emily: you are making movies. "the giver." you are making tv shows. how is that different from making music? scooter: my mom isn't very impressed with anything i do in music. but introducing my mom to meryl streep at the premier of "the giver," it'

betty: how did the spotify of the world react? >> they are on a premium model.model. you can pay more to lose all the ads and such. entry level for this is $9.99 and what they are offering is better quality audio so we will see of the other services will match that. betty: great to see you. david our newest addition on the bloomberg television team. tomorrow, when will hillary clinton launcher 2016 campaign? will play political poker with don. don't miss the biggest names in auto tomorrow including audi of america president and the president of cadillac. that is right here on bloomberg television. ♪ >> live from bloomberg headquarters in new york this is "market makers." matt: negotiators are close to a deal on iran's nuclear program. if sections are lifted, what will all of that iranian crude to oil prices? >> time to say goodbye to the bowl? there may be in and to the stock market's six year rally. matt: behold one of aston martin's new cars. i will say what it is like to drive one. we will talk to the man who makes them. i am at miller and welcome to "market

unlike spotify, tidal has no free option for consumers. taylor swift had a public break-up with spotify last november over artist royalties. pulling her music from the service and writing, valuable things should be paid for. but industry experts say she may be the exception and not the rule. >> you're not going to have to pay tidal to hear kanye and madonna and jay-z and beyonce. >> but, there's a chance that to hear music from these artists first, you might have to go to tidal. monday's laerch had major push pushback online, some mocking the slogan, #tidalforall makes no sense. how is it for all when the majority of your fans study and have no income not to mention people who are poor. others defended the cost and the artists. i don't understand how people can complain about the monthly fee when we spend that on coffee. >> that was willie geist reporting. better give you something extra for more money. see what it is. >> today is cesar chavez day which means a number of state offices are going to be closed. >> over the weekend, family mem

they're going to try to support the artists. >> do you see spotify caving here? >> yes. i do. apple is going to come out and start promoting the paid service more. they're going to have to fall in line. they're going to lose the artists. >> finally, live video streaming at meerkat continues to gain buzz. according to tech crunch, they're raising $10 million largely from gray lock partners. post money, $512 million. they have more than 300,000 users, 200,000 of which come from its ios app. >> tried to ask them when they were on last week if he was raising more money. the valuation seems kind of modest given the buzz. maybe that's a good sign, i don't know. i'm personally getting meerkat fatigue. live video i think is best when there's a unique experience being shown. most of the stuff i've seen on there i wouldn't watch reported. >> also, there's no vetting of this stuff. you don't know what you're going to get out of it. there's a brewing ed cat around live streaming. >> what is the etiquette? >> i think that's a good way to start. it's going to become a crowded space. twitter

artists have been vocal with their the satisfaction of spotify's medium service -- spotify's premiumervice. title for all once you give your credit card information. artists want a purely subscription driven model. they do not love the freemium model. alix: do you think it would have done better had it not gone into the apple ecosystem? joe: beats will remain a subscription driven service in its relaunch. it does not believe in the freemium model. beats was just a starting point when it was gobbled up in a very large acquisition by apple. when it relaunches, trent resin or will be out in front running the service. the artist involvement looks like it will be a selling point to the consumers. alix: thank you for joining us. that wraps it up for "street smart." have a wonderful evening. ♪ ♪ mark: i am mark halperin. phil: and i am phil mattingly. it coming out of air force one today. that is nothing. on our lovingly assembled program tonight, israel now and then. a brand-new moment of zen.

unlike spotify and pandora there will not be a free trial version. >> pam: tidal will be membership-music and exclusive video content that users can stream on their computers, tablets and smartphones. tidal will be available in 31 countries, starting at 10-dollars a month. >> pam: no date yet on when it'll be available. >> pam: trouble at a bay area recreation hot spot. >> pam: at popular peak preschool was forced to close down and the people behind it are devastated. you will hear this in a micron for story brick--my kron 4 story! >> reporter: people behaving badly next! >> you cannot giselle of ground here naked. someone needs to put a stop to this occurred >> someone needs to stop this. >> reporter: is he is on mall property again he will be are arrested. (male announcer): now, here's stanley roberts who found some people behaving badly. >> reporter: what i have found the driver is doing? most were distracted in one way or the other. >> stanley: is one that i found testing for a whopping 20 seconds. >> stanley: it is not just those people on cell phones. also driving with a pet is

this is the top spotify. >> she has more anthems or more, you know, stadium kind of anthem. >> easierreally. >> the super bowl performance clearly won over the men but on the stateside though men are loving lorde. they may never be royals but i think it's nice to see they have a sensitive side so american men are loving lorde. >>> and if you've ever dreamed of being queen elsa, and let's face it, who hasn't, possibly rob marciano, none of us can let it go. well, now our parent company disney is making it possible. you can transform yourself into your favorite character using an app called show your disney side. >> is that me? >> and you guys were my little guinea pigs. that's paula as anna. >> i love my golden braids. >> i love your braids, and wait, rob as kristoff or possibly an '80s icon. >> oh, wow. that's awesome. >> ron is headed to a galaxy far, far away. >> luke! >> ron's already there. >> how do you do that? that's fantastic. >> you didn't shoot this yourself? >> pixar. >> and now dan doesn't look like dan at all. you have to focus on his one eye. >> you look creepy. >> and i

her megahit "fireworks" spotify revealing its most popular female artists and a surprising category,e bested except sara because she's got it covered. >> i already read the news. >> sara knows but we don't know. that's all coming up. >> we are curious. who she beat in a certain category. >> in a particular category. >> that's surprising. >> think about it. >> coming up in "pop news." >>> one of a million reasons to stick around for sara haines' excellent "pop news" this morning. >>> also coming up inside the mind of harrison ford. the plane crash on the golf course is just the latest actually in a string of close calls. incredible stunts this action hero hurt many times before doing his own stunts dough is he an adrenaline junkie? we'll get into that coming up. >>> we'll start with some angry jurors in the jodi arias death penalty retrial which ended with a hung jury for a second time. >> so death row no longer an option because of one hold-out juror who they believe may have been assuaged by a made for tv movie about that case and abc's ryan owens with the very latest now. >> report

tidal is taking on pandora and spotify.s own the streaming service. a subscription $10 for basic and $20 for higher quality. jay-z want the artists to be better paid for the songs. taylor swift pulled her songs from spotify. >> i wonder if the $20 gets you better artists. >> better qualify. the version of the song. >> it is like herman hermit's. >>> the idea of moving back home makes john berman cringe. it is the smartest move. start investing and save for a home. 16% of young people plan to move home. many millennials are paying 50% on rent. rents are rising and homeownership for millennials is record low. they are living at home and building savings. it is a smart thing. >> the system is broken. >> it is. >> smart thing. speaking of smart. is there a book that has all of the smart things? there it is. "smart is the new rich." by christine romans. it is available now. >> thanks john. >>> deadline day to reach a deal with iran. new >>> "new day" starts right now. >>> you think you'll be able to get a deal by the deadline? >

coming up, jay-z takes on spotify. story and an interesting one when we continue. ♪ cory: still to come, jay-z's music streaming model. plus, the plot thickens in the investigation. federal agents, bitcoin. first up, the world's's biggest online luxury retailer, valued at $775 million. the owner a 10% stake in the company. the founder will be the ceo and founder and natalie will be the chairman. ? and -- ashton martin. >> they have done a stunning job and laid down the road for us. from our point of view luxurious. he went on to say they are not partnering with tesla. cory: another example, the final four in indianapolis. fans wanting to see kentucky finish an undefeated season are bidding up prices. the average retail sale for tickets $1900, a record and 25% higher than the previous record set last year. a group of the world's's most successful musicians have unveiled an artist owned music streaming platform to they want to challenge spotify, pandora and the like. jay-z, madonna, usher, nicki minaj, what a list. it is

spotify alone has 60 million users.le expected to introduce a streaming service this year but how artists get paid is an issue taylor swift brought to light recently. >> taylor swift pulled it off spotify because she felt the royalty rates she would see from spotify weren't as valuable. ♪ players going to play ♪ >> reporter: 10 bucks, premium membership for 20 which include high-def audio and exclusive content. >> it puts the emphasis back on really recording music. >> we really do have an opportunity to change the way we all experience art. >> reporter: this morning many of the tidal artists to nicki minaj to jason aldean turned their twitter profile pictures blue with the hope of seeing more green and making a lasting splash in the music industry. a lot of big names but keep perspective. spotify has 60 million subscribers but only 15 million pay. we're just not used to paying for music these days. even though you have jay z's name he only has 5,000 subscribers. a long way to go and these artists get about a half a cen

it is the same as spotify and beats music, the one difference with tidal i can say is they have videond they have like different artists. they have their actual input, you know, you have like artists blurbs and what they were thinking about when they wrote different songs. they have more extensive play list on tidal as well. it seemed like the same. i signed up for the 9.99, 19.99 if you have high resolution, you know, speakers but, it seems like the same as, you know, as the other service but for me, i went okay, i would like to support jay-z and the cause. >> you are talking about... you are talking about supporting, quincy, is this really better for artist or better for us listeners like to listen to music. >> i think, for me, an extra dollar to give to artists to necessity that the artist will get more money, from their music, you know, i will give them support. >> i agree that. >> if you like artist, you have to support them. >> because they don't lesser cuts from the the other too. >> because they own parts of the tidal, all of the artists own part of it. >> last time, he was in

spotify is replacing sony's own brand, music unlimited in part because spotify is available in more countries a deeper library. the service is free of ads -- free with ads or $10 a month commercial free. >> got to pay to get that clean screaming there. >>> what's old is new again. the hopes of reviving its luxury image, ford is bringing back the lincoln continental. >> the automaker retired the brand 13 years ago, but today ford will show off a prototype of the luxury sedan ahead of the new york auto show which begins this weekend. the new continental will hit dealer showrooms next year as ford aims to triple global sales. >> sounds like a "knight rider" thing going on. >>> a rough landing sends more than two dozen people to the hospital. we'll hear from terrified passengers on board that air canada flight, coming up next. >>> nfs just in to our newsroom, prosecute yours say the germanwings copilot was treated years ago for suicidal tendencies. investigators suit up to taux to his parents to talk about a possible motive, investigators say lubitz locked the other pilot out of the cockpit and i

this means fans are paying what they would pay for pandora or spotify.ming is the way that it is. artists say we don't like it. but it is the future. stuart: jay-z will give the artists more money in royalties than spotify or pandora. >> yes, what is worth noting he didn't give the details out. it's slightly more, but didn't say exactly how much. stuart: charles you look disturbed by this. >> here's the thing i'm proud these guys are branching out and finding ways to be entrepreneur. i don't want it be a russell simmons kind of thing where he leveraged the celebrities to have the debit cards that charge money to poor people and they followed him. his celebrity. go for the business. >> i think the business of music is changing. artists have said listen don't like it, but people are streaming more than they buy, and i have to adopt it. this is amanda palmer, a well-known artist, this is the way of the world, and we have to get on board and jay-z is providing it. >> pandora is ripping off the artists. stuart: the beatles used to make far more out of a recor

spotify steams over the internet.ming companies have been battling the music publishers and songwriters of how much they have to pay for that music. it is generally controlled by government legal settlements going back 70 years and decades before the internet came in being. they get paid too little. super star singer taylor swift pulled off of her music from spotify over the issue. they were more interested in colluding to increase payments and say that the government needs to oversee their practices. >> there is a continued need for government oversite they can not leverage their market power. >> millions of spins in the digital space equals tens of dollars. and that's what it comes down to at my house for my family. >> they are testifying in a senate hearing on this issue. and the justice department is reviewing the old legal settlements to so how that should be updated and that would help the publishers and songwriters and the future of internet radio itself are at stake greg. >> thank you very much. and you can ca

tidal is taking on spotify.this is the first time the artist owns the streaming service. $20 for high qualify music. jay-z wants an artists to be per paid for their songs. taylor swift's music can be found on tidal. >>> the idea of moving back home with your parents may make john berman cringe but this is the smartest move. live with mom and dad. pay down student debt. invest. save for a home. 16% of young people plan to do that. many are putting 50% of their pay on rent with student loan bills, it just makes sense. you can't go home yet. >> i think it is an indictment on our system if you have to move home to afford anything. let me say this i have so many financial questions. i wish there were a place i could get the answers. where could that be? oh there's a new book out. "smart is the new rich." >> you can't change the system. >>> "early start" continues right now. >> trying to reach a nuclear deal with iran.

has rapper jay-z just launched a spotify killer?k: time for a look at the world of bloomberg internet. carolinas here with her boyfriend. caroline: i wish. [laughter] jay-z -- i would like him to be my best mate. he announced he is launching a music streaming, versus spotify, why didn't they saying the most amazing lineup? calvin harris madonna, nicki minaj beyonce. ball there in silence. -- all there in silence. meanwhile it was alicia keys he gave the standup proclamation as to why they were doing it. is going to be $20 per month streaming. mark: what would they have song if you could have had them sing together? caroline: big pimpin'? [laughter] mark: "countdown" continues next. ♪ mark: european equities head for their strongest quarter since 2009. caroline: proposals to boost greek finances, the prime minister seeks to rally a consensus and parliament. manus: deadline day for iran talks. john kerry warns of issues in front of talks on iran's nuclear program. mark: "countdown welcome to caroline: we are getting some breaking news

jay-z will take on spotify. company he bought in january it will be offered in the u.s. for $9.99 a month. sprint will be a partner. the service has the backings of beyonce and rihanna. tech resources exploring a merger that could be one of the largest producers for stop the approvals -- the agreement hinges on the approval of the families. in nigeria, muhammadu buhari holds a slim lead over incumbent goodluck jonathan. we're joined on the phone from lagos by uche okoronkwo. how likely is buhari's lead to hold? uche: we are waiting on the electoral commission to announce the full results from the 18 remaining states. so far partial results are showing that the opposition candidate muhammadu buhari is leading with about 2 million votes. this is based on results from 18 of the country's 36 states. it is important to note that many states from the southeast where jonathan as popular have not reported their results yet. buhari has won in nigeria's two biggest dates lagos and kano. a tough race between goodluck jonat

you get a year since cushion of spotify -- a year subscription of spotify. >> very good skin care androducts. i use them myself. they estimate it is a billion dollar industry. hollywood travels so they are trying to take a piece of it. betty: number 9 -- are baby boomers putting their retirements at risk by spending too much on their adult children? one in three households provide financial assistance to their adult children. 41% paying for the transportation. >> this is just like part of a bigger story that people haven't talking about with millenials living at home. it is heart to separately stories him on the bad economy we have seen in the last several years. >> it is hard for me to shed a tear for the baby boomers after they ruined the economy for the millenials. they rob them of their wealth. this is the second wealthiest generation after the silent generation that made a killing during the financial crisis. betty: i will read you a stat that will reinforce the idea that millenial's are spoilt rats. -- spoiled brats. 25% have their parents pay for groceries and 21% get money for

what is different with your service and spotify or pandora?e are a discovery service. spotify is more of an on-demand service where you can choose which songs you want to listen to win. we will the launching an on-demand service a little later this summer. our we different from our competitors is, number one, we have a very large database of over 30 million mobile songs, 18 million here in the u.s. we have fewer commercial interruptions. we are still in asset supported platform like pandora. and we actually give users reward points for every minute for every lap -- our they listen to our programming and then they can purchase physical and digital media. alix: so i could listen to your radio and buy some shoes? lou: you can listen to our radio and buy some shoes. alix: i could get there. cory, at what point will streaming take over digital doubt lines -- downloads or at what point does it get a higher audience? cory: the trend suggests we will certainly get there. it's an interesting business also, because there is an underlying is no structure

liz: tim if i'm spotify or pandora, i'm saying he's a whiner. too bad, we're in this industry to make money, and you could argue that they have somewhat saved the music industry. napster should have been a warning shot, should it not, of years and years ago, that this was a model that was going to break. why buy a 14 song album when i wanted three to five songs on it? is there a way to work together with them and apple will say forget you guys, i'm helping the music industry, i'm getting people to buy a single song? >> yeah, it's all about fairness, right? i think that if you want to stream music for free, where are the economics in that? if the advertising model isn't fueling it enough, and the premium services aren't catching on enough, it's about being fair, right? it's not about stealing from the artists or stealing from the streaming services. it is about working together, as you said, and i think we're on the cusp of that quite honestly, liz. liz: let me interrupt you here because maybe there's a better idea out there. we have rizza of wu

from spotify weren't as valuable.n: so title will have a basic membership tier for $10 and a premium membership for $20. leon: a mom's apology on facebook is getting a lot of attention. she found out that her kids were behaving badly at a movie theater. she sent her daughter and stepdaughter to the movies to see "cinderella" with their older brother last weekend. afterwards she found out the girls kicked the seat in front of them and talked through the movie even after another mom asked them not to do that. wood posted an apology on facebook asking for that mother to contact her. wood offered her kids allowance to pay for another movie. >> i was expecting someone to be upset that i approached their daughters and spoke to them. i was shocked that she -- that the mother supported me. >> rebecca is really the hero in this. none of this would have happened had rebecca not said something. leon: the facebook appeal was shared thousands of times including to rebecca boyd. wood followed through with her promise and delivered

. >> inside today's l tidawave of excitement and critics of spotify's new rival. >> where were other big names like katy? >> are you going to join tidal? >> and the hollywood movie mogul accused of groping this model and the nypd investigation. >> plus, why stars were invading new york by boats and by train. >> i was on the subway today. >> also, viola davis on her childhood, literally starving. >> i jumped in huge garbage bins with maggots for food. >> how do you fight the shame? >> and ringo starr on zayne quitting one direction. >> compared to them, we were on holiday. >> can you believe he's about to turn 75? >> can you speak up? >> huh, i can't hear you. >> now, "e.t." celebrating music's biggest stars of yesterday and today. beyonce, nicki minaj. why are they making those silly faces? >> crazy excited. >> they're giddy. they're so happy. because they're among the stars who have joined forces for jay z's new music streaming service. brooke anderson is here. nischelle turner will join us a little bit later. but, brooke, clearly, this is not all about the money. wait a minute, it

apple overhauling its music business working with engineers at beatz to create a music service like spotifyusive for itunes. checking the markets, they could be under more pressure after stock fell sharply wednesday dragged down by tech sector. nasdaq having its worst day in nearly a year. oil prices spiking above $52 a barrel on concerns saudi military in yemen could hurt the flow of crude in the middle east. >>> florida is putting its foot down on leadfooted driver. it's new s-max car has technology that can recognize various road signs and slow down the vehicle accordingly. drivers can set specific speeding ranges and turn the system off if they wan. dara back over to you. >> thanks landon. just ahead, could leave millions in the dark and the u.s. might not be able to stop it. >>> serena and beyonce, take on the singer in a video smackdown. fact. fast-acting advil is designed with an ultra-thin coating and fast absorbing advil ion core technology stopping headaches and other tough pain. fast. relief doesn't get any better than this. advil. hear more from that former university of oklahom