the facebook, the pinterest. the idea there is start getting into those channels.ertising in those channels. bringing customers to your site or your store. number one. >> right. >> one is obviously make sure that your site is mobile-ready. 40% interactive. mobile grew faster than the desktop side. it continues. if you have got a site that's not only mobile optimized but ready to accept customers when they're shopping on the screens and make sure that things are simple, one button to check out, those are critical. >> one click checkout. so you're not go to the next screen and the next screen. >> we launched a o product called one touch. we have over 100 million consumers on it right now. the whole idea there is, no credit card exchange. one click, you're in, you checked out, you're done. imagine if you were at a railway station and you want to shop. you don't have time to put in 25 key strokes. >> you don't want to get out your credit card. that's the next point, offer payment. basically, what shoppers want is for it to be easy. >> one, they want it to be easy. one

consumers say 30% of their time is spent on social, the facebook, the pinterest. start advertising in those channels. a couple key things we advertise, one is obviously make sure that your site is mobile ready. 40% -- last year mobile grew at 40%, far faster than what's happening on the desk topside. it continues. if you have a site that's not mobile optimized but also mobile ready to accept customers shopping on their 5 inch screens and make sure things are simple, those are critical things. >> that's a big one for you. one click check out. you're not go to the next screen, go to the next screen. >> we launched a product a little while ago called one touch. it's our fastest adopted product. we have over 100 million consumers. the idea is no credit card exchange. one click, you're in, you're checked out, you're done. imagine in you're in a railway station and i want to buy thris you don't have to time to do that. >> basically what shoppers want is for it to be easy. >> well, one, they want it to be easy, of course. that's where things like one touch comes in. but

ubers of the world, pinterests of world could that change the markettology -- market psychology of thisomeone will hit reset button that eye poe will perform similar to snapchat, struggle mightily coming out of the gate. charles: you're comparing uber to snapchat? >> i do. i think uber ipo will be massive reset on valuation just like snapchat. snapchat needs to disappear already as far as a stock investment is concerned. i think of the two, uber, lyft, i'm more constructive on lyft. uber's valuation too frothy at these levels. i don't think it would be good news for the market if uber was first out of ipo gate. charles: airbnb, plan neteer, pinterest, any of those names have the potential to lead the parade? >> plan neteer and lyft, depends on valuation where they come, but look at palantier, it is capitalizing on data and cybersecurity, one of the biggest needs criminally underinvested in in the country for decades now. i think that's a great opportunity there. airbnb, got to see the financials a little bit. it will be interesting, it will trade at a premium to hotel stocks but how muc

pinterest. >> that was in 1947. >> the wheel was just invented >> a lot of chintz. >> now with pinterest and other this, you can create the vision boards that tell your story. >> just flipping through i like this looks. this looks find a theme. >> use the feature, you start liking things -- >> it starts to bring -- >> retailer site or a pinterest, you will see a through line. and you'll be like, wow, i'm kind of -- my vibe is like equestrian chic or boho, whatever. >> i think that might be yours. >> yeah, mine. >> tell me the biggest mistakes that people make when they design rooms. >> i have done this too and this is how the show kind of came to be that i bought a house in pennsylvania i have always lived in new york so i was used to designing one room is pretty easy. put all your stuff in there and there's nothing more you can do i have my bed and my table, i'm good but when i was designing a larger space, i was like i can do this, this is easy. i just bought stuff that i liked. but i didn't have a plan so i had a bunch of stuff that didn't really relate rooms that kind of didn't feel connected.

. >> we went to silicon valley to talk to the founders of twitter and pinterest. we learned from the ceos of growing companies like peloton, swell bottle and launched a podcast. been there, built that, where we got to dive even deeper. >> i'm here in las vegas at the consumer electronics show. >> we kept up with the newest innovations in las vegas and south by southwest in austin. and we walked around main streets across the country. >> good morning from beloit, wisconsin. >> to learn how small business owners helped revitalize their community. >> we answered calls for your business makeover. in monterey, california, asked for help for his parents not earning enough to retire from the company they put their heart and soul into. >> you must be joe. i'm jj ramberg from your business. it's nice to meet you and get to finally see your store. >> we brought in our team of experts who revamped everything and rewrote their future. >> i'm overdone. really. >> you are the best. >> you're the best. thank you. >> our elevator pitchers sold their products to sam's club and appe

the ipo market in 2019. as another popular company makes its plan to go public. pinterest an ipo as early as april 2019. the online shopping tool what follow other high valued startups. is this the best time. good morning. tech kind of let this led this last great push. i think maybe i needed to stop the bleeding. when we look at these names. many of them were founded during the crisis. during times of discretion -- destruction is the market ready for them to do so. a lot of folks are saying there is a tsunami of companies ready to go up in 2019. the market especially in the first quarter might be closed to them. we spoken about where the growth comes from. these are actually the great companies that will come and get us that. i think people will welcome them. >> a lot of them are unprofitable. and we know what the stock market does to profitable but on popular companies. the one i'm most excited for is air b&b. what we use. i think it is a great transactional platform. is totally disrupting the industry. they are baking and some incredible innovation. it won't come for qu

or you look at the founder of pinterest, ben silbermann, was a political science major. look at the founders of airbnb, they studied design and art. >> brown: scott hartley is a venture capitalist who advises tech startups, and author of a new book, "the fuzzie and the techie: why the liberal arts will rule the digital world." he argues that tech companies are more and more in the business of solving large-scale human problems. technology, seen this way, is sometimes the easy part, and getting easier. figuring out how to use it is still key. >> fluency with technology, literacy with technology, in order to get your foot in the door, is important.at but if you looort of the growth over time, oftentimes, the leadership of these companies are people that have the ability to take a step back, have the ability to ask the right questions, and have the ability to empathize with the customer. and these are the various things that you learn through a humanities or liberal arts typ program. >> brown: one example cited by hartley: stitch fix, ald seven-yearompany in san francisco, w

conforms some new ipad pros ag.renero p it says the bending is caused by manufacturing process but it is not a defect. so no replacement program. >>> and pinterestready to go public. >> more than 250 million monthly users, most of them outside the u.s. reports say it could make the its stock market debut in april. it is expected to be $12 million. >>> band-aid of the future may be electric. >> researchers have developed a self-powered bandage that could heal wounds faster. it uses tiny eleaoe not to be confused by the electric slide. >> >> everything is going high-tech. >> welcome to robot land. >> yeah, wow. >> santa cruz workers tear down a controversial fence. the latest round in a long-running beach fight. >>> a heist in the middle of the night. can this help find a missing dinosaur. >>> doz >>> let's take a look at the storm impact scale. rain changing to showers as it moves from north to south across our neighborhoods. the trace in the south bay, parts of the east bay with 3500ths possible in the north bay. >>> thanks, mike. in the east bay, deputies nabbed two men accused of stealing a fiberglass dinosaur from a gas station. the contra co

. >> what were the russians doing on pinterest. i am on there looking for my son's birthday kaicake, what happens on pinterest. >> it was targeted. they knew what the millennials like and they were smart. >> they r ever where. >> by now that somebody has, or maybe they hired someone here. >> the think white house chief of staff had to say. your school. your job. your dreams. your problems. (indistinct shouting) but at the y, we create opportunities for everyone, no matter who you are or where you're from. for a better us, donate to your local y today. for a better us, cohigher!ad! higher! parents aren't perfect, but then they make us kraft mac & cheese and everything's good again. whoooo. planning a vacation... shouldn't be hard work! tripadvisor searches over 200 booking sites to find the lowest price on the hotel you want! we make it easy... for you to take it easy! tripadvisor. so shark invented duo clean. while deep cleaning carpets, the added soft brush roll picks up large particles, gives floors a polished look, and fearlessl

the title of that segment. >>> still ahead, crafting an ipo, pinterest, see what we did there, reportedly looking to go publicoogle getting into the holiday spirit they have a new commercial out that features that guy, it's home ane u got to see it. stick around >>> welcome back, hope you're having a great start to your day. stock futures are not having a great start. it's not a terrible start. dow futures down 77 right now. remember, we lost 730 points i tweeted out yesterday when the fed decision came out, the fed decision came down because that's what we do in our holiday lunch. frank, you vanished. >> what? >> hold on. >> do the news. >> i just created a problem. >> the market fell 225 points in 20 seconds ended up losing 730 points so i guess down 81. not the end of the world by the way, you have been watching bitcoin, i know we're down 80% from our highs this time last year bitcoin has been walloped. this week, it's a pretty good week bitcoin has added 23% in 4 1/2 days bitcoin back above 4,000. >>> pinterest is preparing for a possible public offering the "wall street journal" reporting the social medi

. >>> san francisco bay's -- the wall street journal is reporting the ipo could come in april. pinteresturpassed or than 250 million monthly users. the company's revenue is up 50% this year compared to last year. >>> facebook is given its corporate partners access to users information for years. facebook is accused of doing this without the consent of users. >> reporter: facebook gave more than 150 companies special negotiated access to users privacy reporting facebook allowed microsoft and gave netflix and spotify the ability to read facebook users private messages. in response, facebook posted it wound down partnerships months ago. the times found it permitted amazon to obtain users names and contact information through their friends and it let yahoo view streams of friends posts as recently as the summer. >> the hits just keep on coming. >> reporter: u.s. senator john kennedy had a reaction. >> congress is the one that will have to regulate them and stop this. i hate to do this but i will if they can't clean up their act. >> reporter: facebook stating to be clear, none of the partners

. >> think about the platforms we use, facebook, instagram, twitter, down to google and even pinteresthat they used disease? more to manipulate your vote. today, two new commissions laid out the stunning steps taken by russians to infiltrate 2016 election. a plan much more eborate than previously thought. >> the russians took advantage of the information to buy ads to specifically motivate you. >> one was to specifically benefit the republican party and specifically donald trump. it is the work of the firm internet research agency, run by a close ally of vladimir putin. they bought 30 facebook pages and specifically targeted african-americans. all told, racking up more than 263 million engagements across platforms beyond facebook and twitter. >> they've got some very sophisticated efforts on platt forms like pinterest and instagram and others we didn't understand why being infiltrated by the russians. >> today, a bipartisan warning. the efforts have not stop. >> in fact the most shared post about donald trump happened after thotelection. i 300,000 shares on facebook. >> nowoth parties

pinterest. those are the people who are sharing brands in a native to their own personal desires way.tising and personal content gets intermixed, the ftc has tried to make rules about this. people don't follow them. emily: fascinating story. the fake comments and likes. thank you so much for stopping by. coming up, apple has lost some ground since becoming the first company to hit $1 trillion. we will talk about how they can get back on track in 2019. ♪ ♪ emily: 2018 was a banner year for apple. after hitting $1 trillion valuation, shares pullback after concerns about slowing demand from the iphone. his next you're going to be better for apple? >> i am not a financial analyst. the big thing apple has going for it is a lot of the fluid customers waiting to buy whatever apple lunches next. i was talking to one of the large carriers on the phone and they said 70% of their base is apple. that is not a bad problem to have. emily: this is a company it is still fully reliant on the iphone. two thirds of its revenue, trying to make a transition to a services model. can they do it? >> yes but

>>> new survey shows more americans for forgetting the recipes online. 34% say they like to do social networking sites such as instagram and pinterest. to 70% in the poll says they are rather click flip through a cookbook to find a recipe. only 17% in the poll says they are rather click flip through a cookbook to find a recipe. the poll shows the power of social media. the fifth of all those surveyed and posted online, photos of their home-cooked meals. almost have a millennials, people in their 20s and 30s now, say they posted pictures of their dishes on social media. >>> and he had a bit too much fun at the holiday party the season, pedialyte says they have a hangover cure for you. the popular children's trick is now targeting adults with a flavored fizzy version called sparkling rush. pedialyte works to mentor rolloff in children that are sick, and i will go up against gatorade and power aid for adults. page right pedialyte saw double- digit growth last year with kids and adults, one of the biggest things about being dehydrated our hangovers that your dehydrated. hydrate, hydrate, hydrate. >>> if you are missing a package, it mig

the new year to ring it in. >> what makes this year different? >> so right now what we're seeing at goodhousekeeping.com and on pinterest and in the marketplace istart with decor. it's usually black and gold. that's what you see at parties. >> right. >> to ring in 2019, it's all about blush and rose gold. >> rose gold. i love it. >> don't you love this combo? it's a little bit softer. it's more elegant and that's the trend we're seeing throughout. >> so pretty. >> we love that you can get it really affordable. >> plastic rose gold. that's amazing. >> you don't need to go super fancy and that's one of the takeaways here is that everything really is affordable and really accessible. >> i'm in love with these. i want to steal this idea. how did you do it? >> these are glass bottle candleholders. they are up 50% on pinterest and they are easy to diy. you take an empty glass bottle -- these are empty wine bottles. some of us may have those lying around. not naming any names, but you want to clean that out, fill it up with some water and what we did here was used pieces of nature. this is, like, a broken piece of your christmas tree. it's falling apar

they have some sophisticated platforms like pinterest and others. >> and the efforts have not ttopped. >> the m shared post about donald trump happened after he was elected president. it got 300,000 shares on facebook. >> now,ti both p scrambling for a solution with the 2020 election just around the corner. today there is a renewed push for congress to have more oversight over the social media companies. now democrats are just weeks away from controlling the house. we can expect to see morens investigat coming soon. >> thanks so much. >>> the death of a guatemalan child at the border led to public protestsere in washington. people came together around the offices of custom they say they want justice for the girl who died and they're asking the government to put more resources into solving claims. the girl was air lifted to the hospital but she died the next morning. >>> after a rainy, nasty weekend, let's get a first check on the recast. >> the wind is picking up ase look live. >>> feiinally some sun. it's amazing how warm we are but look what's coming. look. only halfhat toward state

the wall street journal says that photo sharing site pinterest will likely go public in april.interest earlier this year passed 250 million users and its revenue is expected to rise over 50% this year to about $700 million. >>> ride hailing firms uber and lyft plan to be public in 2019 as well.. >>> the economy is showing some decent signals although the job market is a little weaker as initial claims rose by 18,000 after they fell to a 12-week low last week which is close to a 49-year low. the stock market took a decent dive yesterday after the fed remained with its outlook of gradual rate hikes. investors were looking for a more cautious outtake and this morning the market off to a tough start. the dow dropping over 150 points. michelle and kenny back to you. >> seeing a lot of red this month. >> worst december since 1931 so far. you just don't want to make comparisons to the early 30s for the economy or the stock market. >> rough. >> jason brooks from kcbs radio this morning. >>> time now for a look at what's coming up on cbs this morning. nora o'donald joins us from new yor

something similar on the site.techcrunch says the new technology lets shoppers snap a picture of a piece of furniture in someone else's home, in a showroom or on pinterestr example, then easily search for something similar based on the picture. visual search has been shown to reduce returns and increase customer satisfaction.more than 164,000 pounds turkey products are being recalled by jennie-o sales over salmonella concerns. the company's products being markings that direct customers to use or freeze by november 12 or november 13.the usda says they are ( darya ) thanks joya. ( darya )coming up ... king tides are rising around bay area coast lines. it could cause flooding.we'll tell you where. and here's a live look outside... bay bridge ♪ whoa! the mercedes-benz winter event is back and you won't want to stop for anything else. [ barks ] ho! lease the c 300 sport sedan for $399 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. (ácommercialá)(áábreakáá) another day spent in the upper 50's and low 60's but this christmas eve will come along with some noticeable changes. showers will increase across the bay mid-morning and t

respiratory icu at intermountain medical center -- who brought up the idea at that moment -- after she had seen what a family had done on pinterest. "and this is what we give to patient families"each tube has a note: (lisa beglarian/registered nurse) it says may my heart be a gentle reminder of the love i have for you -- then it has the ricu which stands for the respiratory icu unit. this was a way for us to let our guard down we care too and affects us too. it's hard on the whole unit when they pass away, it can be very emotional(tammy kocherhans/registered nurse) it's hard on the staff too because your heart is there..it's the lasting gift we can give hug and we'd wrap you up in everything we could. i'm a mom and i wanted to hold these kids. i'm so sorry that was my last gift i could give. could give. (vicki) that was surae (sue-ray) reporting. beglarian's idea has been shared with fellow caregivers and they all now use the same practice. belgarian has even worked to collect expired lab tubes, so no resources are wasted. (vicki) a winter storm moves in on the east coast and could hamper some of you vaction plans. we take a look

sources and of course the fake media as donald trump calls it is just a fundamental part of your day whether you're listening to am radio, looking at photographs on instagram and pinterest. what russia has done and where the true brilliance of this intelligence operation comes from is way back in the early 2000s the russian military conducted a strategic study and started carrying out a disinformation plan in which they said that instead of carrying out connecticut energy and we could build a frame over t. to the point where over time as we are constantly tearing them apart and feeding them with false information, they would actually welcome an invasion. so russia has done that to the united states. it began way before 2016. the earliest references i have in relation to donald trump started back in 2011 with maria boutina and the nra contacts with christian right and the alt right in the united states. russia was pushing them then. then in 2013 they stood up the russian federation internet research agency which built all of these memes and tropes. it became the fake news designed to do what it did today, take 1/3 of the united states population and make them refused to

the web. whether that was instagram or pinterest or they googled something.ually screen shot it, and as long as it was an image taken by one of other influencers, they could shop that image. i think that's why you see such turbulent times in retailers. not only has your customer gone digital, but they've gone digital mobile, and that requires that you are really truly a tech company. we've continued to innovate and been the innovator leader in the market. thinking that we have peaked early is not something that's crossed my mind. we're drowning in information. where in all of this is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you partner with a firm that combines trusted, personal advice with the cutting edge tools and insights to help you not only see your potential, but live it too. morgan stanley. don't you get the one of those travel sites? they tell you that, but when you book at hilton.com, you get the price match guarantee. so if you find your room at a lower rate, hilton is like... we're gonna ma

the company is ready when julie is ready to make that call. ♪ emily: you invested in paypal, you invested in youtube. you invested in pinterest good hit record. what is your secret? ♪ emily: kevin, i want to talk to talk a little bit about your investing career. you became a partner at the founders fund, and in fact you have been investing for a really long time, starting with paypal. kevin: i have always seen investing as a sort of selfish endeavor in one sense. i love to learn from bright, talented founders who can give me a new perspective, but what i love about it is helping to pay it forward. emily: you did this on the side, right? kevin: it was pretty natural. instead of going to some type of club or playing golf, it was working with young founders and new companies. i could pattern match and learn a lot. emily: so you invested in paypal. you invested in youtube. you invested in interest. kevin: paypal, airbnb, pinterest, uber. emily: a pretty good hit record. what is your secret? kevin: what is my secret? again, i am just looking for really talented people that look at the world in a different way and are so impassione

he's responsible for facebook's successful mobile monetization strategy and he was the president of pinterestg on his phone all the time and he shared this personal anecdote. >> i found myself hiding in my pantry reading news and texting with friends as opposed to spending time with my two young daughters, and i had a view that there were probably other people like me who were suffering, who wanted to figure out even though they had trouble doing it, wanted to figure out how to use their phones less. if they're not used deliberately they steal your time. >> they steal your time. his background is impressive. he's been part of a few of the brand names we know. interestingly enough, he has a lot of psychologists on board. they are really developing this cognitive behavioral therapy so you can wean yourself off. he says essentially it's social media apps that are making people anxious and depressed versus using phones for work or using a browser such as chrome to research things. he said there's really a difference in the way it affects people's wiring. stuart: we are just not used to this brand

. >> it has have a real impact on ipos and then we see a big year for the next year. pinterestd offering early next year. tell us where you see growth and what your take is on all of these ipo for that year ahead. i think it's considering that ipo. there is some big and very successful tech companies and then we have a whole slew of companies that are coming along behind them. and really driving at the next wave of companies. >> they said yesterday. the ipo market is in such bad shape with globally 60% of them trading below the price for this year. that it could actually be closed in the first quarter of next year. like no companies in the public, she's very worried. >> they could sit on it in the month of january but then they will end up going public in the second quarter of next year. >> they will get out at some point. thank you very much. 8:30 a.m. eastern. jardiance asked: when it comes to managing your type 2 diabetes, what matters to you? step up to the stage here. feeling good about that? let's see- most of you say lower a1c. but only a few of you are thinking about yo

uber can do whatever they want you look at the whole list, slap, pinterest and air bnb >> watch you on "closing bell". >> happy new year, we'll be back here on monday "squawk on the street" is next ♪ >> good morning, i am carl quintanilla, i am with sara eisen and wilfred frost. david is off cramer is going to join us by the phone. europe is up 1.2%. japan closes the year down 12. they are closed on monday. oil is back about 45 ou

the app allows consumers to screen shot content anywhere they found it across the web, whether that was instagram or pinterestgled something. they could screen shot it. as long as it was an image taking by one of our influencers, they could shop that image. that's why you see such turbulent times in retail. not only has your customer gone digital, they have gone digital mobile, which requires you're a tech company. we have continued to innovate and been the leader in the market. thinking we have peaked early is honestly not something that's crossed my mind. >> pretty cool. have you done your christmas shopping, my friend? >> i am just starting. how many days to go? we'll get there. >> good luck. thank you all for being with us. i'm poppy harlow in new york. >> i'm jim sciutto. at this hour with kate bolduan starts right now. >>> hello, everyone. i'm kate bolduan. michael cohen is going to prison, but he is not going quietly. this morning we're hearing from the president's former personal attorney for the first time since being slapped with a three-year prison sentence. cohen whose last job title you'll rememb

stuff up on the wall, but they checked very carefully to see what would stick and they did their research this terms of how computational propaganda and sophisticated platforms on pinterest, instagram and we previously didn't understand were infiltrated by the russians. >> "the wall street journal" poll came out over the weekend. kristen welker, 62% of the polls say president trump has not been honest and truthful on the investigation into russian interference. this poll taken during a pretty consequential week or so when a lot of activity on all fronts, michael cohen. >> reporter: he directed him to make the hush money payments in the two days leading up to the 2016 campaign. president trump responding to all of these developments by essentially going on a tweetstorm over the weekend lashing out at just about everyone from the special counsel to michael cohen in one calling the inquiry a witch hunt/hoax and the other, nothing to do with collusion, it's a democrat scam. calling cohen a rat on twitter. and so it's clear that this is getting to the president. his strategy for dealing with it is to ramp up his attacks. he also, of course, put his personal attorney, rudy giu

the house. >> reporter: i'm a pinterest addict. >> how cute is that?d i'm constantly full of ideas. so when i had to turn my guest room into a nursery, i was pumped. just one small problem -- >> tough call. >> reporter: i am horrible at making decorating decisions. >> i just can't decide. >> reporter: terrified i'll make the wrong choice i often end up doing nothing. case in point, my current guest room. >> welcome to my guest room. bought an unfinished bed so i could stain or paint it once we decided on a color scheme. that was four years ago. still unfinished. notice the pictures are off-center. we hung them on existing hooks figuring we'd find better places for them later. and don't you love the rugs? >> reporter: so i decided to give this new website modsy a try. >> with modsy there is no more wondering how something will look in your room. >> reporter: it creates 360-degree renderings of your space so you can preview exactly how your design ideas will look. modsy designers also help you out by showing you their ideas. so i answered a few questions

the least, maybe. >> i think like there's a you tube tutorial on how to do it. >> don't give anybody any ideas. >>> we have other news to bring you this morning, pinterest preparingn ipo, the "wall street journal" reporting the social media app could finally go public as early as april. reportedly seeking a valuation of about $12 billion pinterest has more than 250 million active users per month, on pace to generate $700 million in revenue this year that would be up 50% from a year ago. mr. wonderful, do you use pinterest at all in terms of marketing any of your products >> we do in the clothing area. we do use it all of these new offerings are going to be coming into a market that is going to be very skeptical. i don't think that will be an easy ipo i will not be buying that. i will be waiting multiple quarters to see what the free cash flows are, a long time before i own that thing. >> the president's up. >> he's awake. >> nothing yet on our radar. but talking about syria at this point, 53 seconds ago, and 18 minutes ago. it's about syria so far. >> it's got to be coming. >> we'll keep our eyes on the twitter feed out of pennsylvania avenue this morning. but gy

uber, airbnb what is what is happening that the startup ecosystem isn't as lively when you think about companies, they get bought. someone talked about pinterestthey'll get bought, maybe this will happen some of these will get into the public, uber, possibly airbnb and others and lyft. where are the next companies coming from? >> funny you mention that, this juul deal. they're out your way not in the social media world. $38 million value. not a control position, no path to control for them, but they're not to the earlier point, not going public they raised $12.8 billion. >> they're selling cigarettes. i have these issues as a mother of a teen, the juul devices, how they're sold and it is nicotine they can't keep pretending it is healthier version of smoking when you see something like this, they're buying a product that's a big marketing market leader it makes sense for them to do this philip morris to do this because they're not in this business >> they're 12 pin 5%, somebody discovered they're misogynist on twitter? >> i didn't know that. >>> as we head to break. stocks at session lows on a possible showdown in d.c. over the border wall and

it's the latest controversy that has seen shares slump from 40% from their july peak. pinterest actively preparing for an ipo as soon as april. the latest in a line of tech companies planning to go public area -- public. underwriters may be selected next month with the aim of achieving a valuation of $12 billion. interest is poised to generate revenue in excess of 700 million dollars. that your bloomberg business flash. nejra: thank you so much. european retail stocks on track for the biggest annual decline in 10 years. the worst may still be yet to come. political uncertainty, the prospect of rising interest rates could have a negative event on the consumer market. we get thetime, latest data on retail sales in the u k. joining us now is bloomberg's equities reporter. i remember sitting here, we broke that as also numbers a few days ago. we saw a retail stocks in general take a tumble that day. does that tell the whole story for retail stocks? >> christmas is less than a week away. that's key for these retailers. they get a lot of their sales. friday,ngs like black there's a lo

. >> of these companies at the top of the list, air bnb or lyft or pinterest or whatever, if they do public, what percentage of their ownership will they give to the public markets? >> it will vary by market. so air bnb doesn't need to raise the money. we saw spotify do the direct lifting. you will see some pretty big allocations. for coils like uber and lyft, they do need money >> in terms of tech regulations, that's sector when it comes to privacy issues, can those issues touch any of the ones in the pipeline awaiting ipo >> less on the privacy side. i think the facebook and google issues are really online ad issues and we'll certainly see movement on the regulatory front there. for ride sharing, there is always regulation as an overhang cities are always pushing back but in general i think the ride sharing companies have worked through the bulk of their regulatory problems. at least in the u.s. >> thanks so much for joining us >>> and have the wild market swings got you nervous have you checked your 401(k) balance lately we'll talk to a financial planner about what his clients pla

the fake media as donald trump calls it, is just a fundamental part of your day. whether you're listening to a.m. radio, whether you're reading things on twitter or looking at photos on instagram or pinterestwhat russia has done here and where the true brilliance of this operation comes from is way back in the early 2000s the russian military conducted a strategic study and started carrying out a disinformation plan in which they said that instead of carrying out kinetic warfare against your enemies, the best thing we can do is create a disinformation and frame around that nation to the point where over time as we're constantly tearing them apart and feeding them with false information, they would actually welcome an invasion, so russia has done that to the united states. and it began way before 2016. as a matter of fact, the earliest references i have with relation to donald trump shows it started back in 2011 with maria butina and the nra contacts, contacts with the fundamentalist christian right and the alt-right in the united states. russia was pushing these disinformation themes then. then in 2013, they stood up the russian federation internet research agency which built all of these

you. >>> 2018 market's may give chop y markets a burn the dow is down 600 points apparently this is feeding into it i was surprised to say pinterestgo public a couple weeks ago. they think time is of the essence because of the selloff in. >> right we spoke to the global chairman of investment banking at jpmorgan you would think that potentially all the craziness in the markets would potentially delay people from ipoing. they're watching it day today, but the take away is they're accelerating plans to go public. if you want to go public in 2019, then the idea is it's bet tore go in the first half of 2019 rather than the back half as we get closer to the end of the economic cycle, you can see the markets get less accommodating. >> is there pressure to liquidate and be able to pull the cash from what has been a very ill liquid investment fidelity might see pressure. >> uber, lyft, if you're them, you want to basically give your investors, give your employees an exit at a decent valuation. is that going to happen at the tail end of this business cycle or the beginning of an all new cycle when valuations would probably be lower? >> the

underwriters may be selected next month with the aim of achieving valuation of $12 billion. in september, pintereston monthly active users. generating revenue in excess of $700 million this year. some are backing a spin off of the google parent company out for that -- company alphabet. investors are developing a system that uses molten salt and coolant to store electricity generated from solar and wind. take a look at the state of trading when it comes to asian markets at the moment. we get the reaction to a dovish or perhaps not dovish enough fed. we have seen major markets trading in the red so far this year. looking ahead to the start of trading in tokyo, the nikkei and the topix looking to extend losses. closing at the lowest since may of 2017. shery, it is also looking lackluster as well. shery: could we potentially be headed for higher stock markets in asia? we are seeing u.s. futures also reversing and rising .3%. the biggest estimate right now, the broad assessment as we talked to more and more analysts is that markets may have vishreacted to this un-do hike. be a bit ofy overreaction. and

the table as well. >> use made a variety of investments in different companies, from pinterest to slice and at a snaptravelat is your investment philosophy? >> it is continuing to grow. looking at founders, track make soundy to judgments and build that credibility really early in our invest in share. in terms of finding companies that have strong market traction, during our due diligence -- really shining to be the hardest workers in the room. that is something that is very important in terms of trying to be successful early and continuing to sustain it. process.viously have a that is what has made you one of the best as well players so far. what is your process when income -- when it comes to investing? how do you make that decision? >> in basketball, you surround yourself with the right people, smarter than me in terms of forming the right direction. doing our homework, doing our research, getting educated on what we are investing in and being smart with our money. important.t is very >> do you see yourself as more of a risk taker or you have a more conservative approach when it comes to making big bets

earlier, the company had forecasted growth of more than 10%. pinterestgetting ready for an ipo that could take place as soon as april. the social media site could be valued at more than 12 billion. revenue is expected to be a 50% this year to more than 700 million. alanine: -- lisa: greenspan says the economic outlook is being affected by the current state of u.s. politics. >> i'm very much concerned about the political system. i was in the u.s. government for almost 20 years. i've never seen, a never saw anything remotely close to what we are observing today. ishink the economic outlook being significantly affected by the politics. lisa: that was alan greenspan speaking. do you agree that the political scenario right now, both in the u.s. and elsewhere is dramatically affecting the economy? i think all of the policies that have come through of the last year, economically and politically have had an impact on the u.s. economy and the global economy. at the moment, clearly, we are still seeing the impact of the fiscal stimulus. it is going to be coming th

a lot of major companies, unicorns, came from the financial crisis, whether uber or lyft or pinterest, they might make their stock market debuts in 2019. i'm not sure if this volatility and downturn continues if they would be able to do that? >> i think that is possible. you could see a hold on some of those debuts n terms of technology companies i like blue chip names with valuation support going forward. blake: which ones? >> like adobe and microsoft. >> looking at the "fang" stocks, microsoft is the only one not in bear market territory and the others have come down so tremendously because they had a nice run to the upside. blake: 2019 looks like what, do you think? >> i think 2019 looks okay. i think we'll see increase in equities. we'll see -- we have a 3200 price target on the s&p. the economy stays the way it is i think we'll be okay. blake: lauren? >> i don't think there is the "r" word on the horizon. i think the market is trying to talk itself into there being a recession. i don't see it. but again you don't usually see these things ahead of time. they kind of just happen bu

second, big unicorns like uber, lyft and pinterest will ipo in 2019 but at lower valuations finally let's have some fun here theig m&a deal in 2019, amazon buys target. gene munster floated this idea a year ago amazon is up 30% this year target is down target has a $34 billion market cap, nearly three times the size of the whole foods deal, but the chance to get access to a huge retailer where amazon can perfect electronic checkout and cut target's 350,000 employees and then turn target into a turbo charged retailer, that's a chance amazon may not pass up. >> that was bob pisani with what to expect for your money in the new year wouldn't that be something amazon buying target. >>> on tech, the tech wreck what to expect from the once-loved f.a.n.g. stocks in the new year and some names you may want to be buying. >>> and another stat about the collapse of crude oil. it is your morning rbi you veha to hear it coming up. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, pre

pinterest air b&b what is your take why we see so many deals? . >> huber been around ten years i go back to what i said earlier when i started in 2006 the ipo market has slowed down lisa don't count on it i honestly believe i have to change my view based on what is happened i think it has finally opened up when you said 10191 companies went public but out of how many thousands of private deals were financed? they are sitting there in the private hands most transactions in the venture business are dead m&a that is realistic 98 percent of the companies in my portfolio recently a company called the ship to be sold earlier this year for a very large price at target. we sold companies to google or facebook. maria: does the price today seem right to you are you getting the right price has valuations getting you to invest whatever it is millions of dollars at a low price? . >> there is a lot of money out there. . >> that there's a lot of competition. >> especially in the later stage in the earlier stage it is more disciplined but it goes back to what i said before you try to be as disciplined as you can. and the value that you ask for was last year. it's

the ipo calendar is so strong? you've got real familiar names going public next year like uber, like lyft, like slack, like pinterestmarket did not discourage these companies from making their filings. >> and i'm not questioning that. i think the economy is much better than the gloom iiness today. we'll be in december. it will be the first time possibly since 2009 that we'll have no high yield issuance. there is definitely a feeling right now, people are walking in and they have no idea what to expect for the day because a lot of these things are out of their hands. what happened in france, okay, the idea of the hangup in brexit, china slowing, these are just things that come up out of the blue and are very unexpected. you can't position yourself for it. maria: there's a lot of uncertainty for sure. dagen: the russell 2000 is now in a bear market, down more than 20%, small cap stocks which from the high this year, that speaks to what's going on here in the united states, not around the globe. great run-up until the turn but down more than 20% and the transports are close to being in a bear market, down more than 18s