revealed of ews is another security breach at yahoo independently of ongoing purchase talks with tim armstrong are assessing the damage caused by the 2013 breach that affected a billion users and another announced in september. and nintendo is sharply down in tokyo a day after its first foray into mobile gaming despite super mario run being number one down load in the u.s. and uk japan and germany. data h firm super expects super mario to reach 30 million down loads and bring $60 million in the first month. nintendo's share price left when the game was originally announced at the launch of the iphone 7. global news 24 hours a day powered by more than 2600 journalists and analysts and more than 120 countries. this is bloomberg. ♪ >> thank you. time to see how the asian markets are shaping up so far this morning. haidi? >> we're heading into the end of a very big week but still a few pictures to come. that could really shake what we see the markers doing. we just had the domestic exports coming through from singapore, 11.5% export growth in the month. we were expecting actually a decline of just

at this year's tech crunch disrupt san francisco aol chief tim armstrong sat down with his boss, marni walden, to talk about verizon's current plans to buy yahoo's core internet business. this is about 20 minutes. ♪ >> thank you guys for joining us. so this is going to be sort of like, there is like this trick to this interview, which is that i'm going to pretend as if both of you couldn't fire me if you didn't like the questions, so we're just going to pretend that is not the case. it could get awkward. so there is a bunch of things i want to address, the newest and biggest one is obviously verizon is acquiring yahoo. we spoke about that when that was announced, tim, and you said it is an auction process and we really haven't figured anything out. it has been a few months since then, so where are you guys at? >> well, first, it is great to be at tech crunch and another soldout show so congratulations to you guys. i would say basically we're just starting the process, so the summer, the auction closed and then a lot of people were away in august. so we're with a team, basically about 2

tim armstrong said he was cautiously optimistic the deal would go through.does this mean for the deal now? >> big, open question. this is not just about user accounts. that yahoo! has been looking at what intellectual property did they steal. if you have lost all your user accounts and potentially significant corporate intellectual property, would you paying close to $5 billion for? has said they believed the breach is material, giving them the right to negotiate downwards or walk away. emily: yahoo! says change or passwords, they are on the issue, but now three years later, isn't the damage done? has been done. this has been trafficked in cybercrime circles for three years. been using it for identity theft, send spam. telling people to change their passwords now, that's a good practice, but that's a long time. emily: that was jordan robertson of bloomberg technology. of "out of this world" a delay for spacex. late 2017,ned for but now pushed to may 2018. this is the capsule that spacex is willing to take nasa astronauts to and from the international space s

it is fascinating because tim armstrong still working on the integration plan. they don't want liability for this hacking breach. what is marissa mayer doing today? tim has been flying back and forth repeatedly to work on this and meet with executives. they are very much focused on it. the value of what they are buying is diminished by this news and the deal is enclosed. the hack that happened in 2014 -- what they are trying to buy is not just the media assets and technology, they are trying to buy more than the ad serving business. it's also trying to buy the people who use yahoo! services, who use yahoo! mail and integrate them into the other products. and if people are going to yahoo! saying i don't even use my yahoo! account, this is ridiculous, those are the people verizon is losing. if i magic, paul sweeney is sitting to my left. it seems they are seeking to have yahoo! assume any lasting responsibility. you wonder how difficult that is going to be. paul: i think this is going to make it very difficult. it's about who owns the liability and how do you value

i talked to tim armstrong, who runs the former aol business at verizon and will run the yahoo!, he is proud of the the deal.ays for he thinks they got a deal for some in the users. they think it was a valuable acquisition. there are very few properties across the internet that can have such a big audience, so i think there was a deal at the current price. they would like to pay less, and they may do so for the benefit, so this may give them an excuse to negotiate price. my suspicion is they are glad with what they have got. you.e: cory johnson, thank still ahead, we head to washington to talk about how the president-elect is now doing business experience of a government experience. this is bloomberg. ♪ live from london to new york. i am mark barton. vonnie: i am vonnie quinn. this is "bloomberg markets." donald trump is building a cabinet in his own image, some say. many nominees have ties to wall street and corporate america. share hisuest will business experience. joining us is chairman of the fair lodging movement and former adviser to president and george h.w. bush. fred, i

join us next week where we are speaking with aol ceo tim armstrong.ned by the feet .ut -- the fitbit ceo we get his reaction on the apple app store chart. and we bring you all the latest intact throughout the week. tune in every day. remember, all episodes of bloomberg technology are now live streaming from twitter. check us out at bloomberg tv workdays. this is bloomberg. ♪ >> the following is a paid advertisement for time life's video collection. ♪ >> hi, dean. >> hi there. [laughter] >> bob. announcer: from the battlefield to the white house, from hollywood to the heartlands, america's entertainer was bob hope. bob: oh, this room is so dull and depressing tonight.

make sure you join us next week where we are speaking with aol , ceo tim armstrong.by the bit ceo, james park. we get his reaction on the apple app store chart. and we bring you all the latest intact throughout the week. tune in every day. remember, all episodes of bloomberg technology are now live streaming on twitter. check us out at bloombergtechtv weekdays. this is bloomberg. ♪ ♪ carol: welcome to "bloomberg businessweek". i am carol massar. am oliver renick. another disappointing sign in a disputed south china sea. oliver: all that is ahead on "bloomberg businessweek". ♪ carol: we are with the editor in chief macon murphy of business week. china,

make sure you join us next week, where we are speaking with aol ceo tim armstrong.d by the fitbit ceo, james park. we get his reaction on the apple app store chart. and we bring you all the latest intact throughout the week. tune in every day. remember, all episodes of bloomberg technology are now live streaming on twitter. check us out at bloombergtechtv weekdays. this is bloomberg. ♪ help to $1 million investment to discuss whether the strategies this year can be replicated elsewhere. and even though he won't be a member of president-elect trump's cabinet he gave his take on where president-elect trump can affect real change.

david: tim armstrong has wanted this deal for years and it has to get this deal. fact it might get pulled back could be painful. jonathan: next up on this ceo jamiepmorgan dimon, what he ever want to be the treasury secretary? and what does he think of the washington landscape? we are about 148 points on the dow away from 20,000. futures positive 39 points on the session. s&p 500 futures positive as well. this is bloomberg. ♪ david: this is bloomberg, i am david westin. speedbump, the dollar and stocks taking a pause after the federal reserve shifted to a tighter policy path in the new year. the greenback fell against the euro after reaching its 13 year high. wall street to washington, and exclusive bloomberg businessweek interview with jpmorgan ceo jamie dimon about why he is not in donald trump's cabinet, why he is surprised who is, and what he thinks about the policy position. -- the yahoo! deal could be on hold after the media hack. those -- how are those stories captured in the market? positive four on the s&p 500. the stoxx 600, euro stoxx 50 very close to c

aol ceo tim armstrong said he was cautiously optimistic the deal would go through.es this mean for the deal now? jordan: big, open question. because it is not just about user accounts. that is the thing yahoo! has to disclose publicly, but internally, they stole user accounts, what intellectual property from the company did they also steal, if any? that is a question for verizon, because if you lost all of your user accounts and potentially significant corporate intellectual property, what are you paying close to $5 billion for? verizon has said they believed the breach is material, giving them license to potentially negotiate downward or walk away. emily: john: and quickly, yahoo! has said users should change their passwords, but now it is three years later. what can be done? isn't the damage done? jordan: the damage has been done. this has been trafficked in cybercrime circles for three years. that means the hackers have been using yahoo! users accounts to send spam. they have been using it for identity theft. telling people to change passwords now is a good pract

is tim armstrong of aol, now verizon, is he using this, to your earlier point, as a negotiating tacticr are they seriously saying is this a compromised company. >> i mean, there are certainly dangers here lurking that you can only imagine. first of all, just the legal danger, if companies, if individuals end up suing you because they can show that some negligence on yahoo!'s part ended up causing real monetary harm to them. you sort of step into that as verizon buying this, not knowing what might come up a year, two, three from now. >> i'll ask brian this because you're a lawyer -- >> i have a law degree. do not practice. which makes me extremely dangerous. >> put on that hat for a second because you had 150,000 reportedly government employees, everyone from white house officials to intelligence officials. could this become a federal inquiry? could there be any sort of federal charges that could belie yahoo? >> i think there has to be wrongdoing for there to be any kind of a charge so, was it just negligence? i think people would be interested -- now, whether you could go forward with

, led by tim armstrong.promoting the severity of the by verizon's general counsel. they are also exploring next step options. to assume thele breach has had a material impact on the deal, and we are seeing a share price hit. yahoo! shares plunged by more than 6% thursday, the biggest fall since january. that translated to a market cap loss of $2.4 billion, yahoos biggest loss since may 2015. still, the tech company has putting a strong phase forward saying, "we are confident in yahoo!'s value and continue to work towards integration with verizon." verizon says they will review the impact before reaching any final conclusions. one of its biggest goals is to make sure it will not be held legally liable for damages from the yahoo! hacked. yahoo! is facing a proposed class-action lawsuit filed hours after it revealed as many as one billion accounts were breached. , packing all ahead punch in the mixed martial arts market. rishaad: next, japan makes moves to legalize casinos. we will discuss whether it is bad luc

tim armstrong. the plan is very real. it's going to generate good numbers in 2020.e of those that have been hacked have said, you know what, i've had it. that does compromise and make the asset less and make the turnaround longer. armstrong has a real plan. it's a very real plan. a 2020 impact and this may set it back to '21, '22. armstrong is good. >> appreciate it. happy holidays. >>> coming up this, this morning's biggest movers. your list of stocks to watch is next. is it because so many go after it the same way? chasing after short term returns. instead if getting caught up with the crowd, the investment managers at pgim take a long term view, teaming specialized active investing with risk-management rigor, to seek out global opportunities. we manage over a trillion dollars this way, attracting many of the world's leading investors. partner with pgim. the global investment management businesses of prudential ♪ well, if you want to sing out, sing out ♪ ♪ and if you want to be free, be free ♪ ♪ 'cause there's a million things to be ♪ ♪ you know that there are ♪ a

having fun aldrin was the second man to walk on the moon, after neil armstrong in 1969. back to you. >> tim, thank you. glad he's doing okay. melinda: you can get alerts sent straight to your phone to let you know when the international space station is flying over your house. nasa has set up an entire website to help you spot the station. there you can sign up for email or text alerts when it can bee seen from your location. the international space station is the third brightest object in the sky and visible without a getting another look at the upcoming sequel to guardians of the galaxy. >> try again. >> i am groot. >> mmhm. >> am groot. >> uh huh. >> am groot. >> noooo! >> nice. marvel just released this new trailer for "guardians of the galaxy volume two". there are plenty of new shots of baby groot. the trailer features the guardians in action, backed by the song "fox on the run" by the film hits theaters next may. >> aquaman is hitting the theatres in 2018, according to the holiday reporter. there was a cameo in batman. >> this weekend, disney's movie finished in first place for the i

aldrin was the second man to walk on the moon, after neil armstrong in 1969. back to you. >> tim, thank you. melinda: you can get alerts sent straight to your phone to let you know when the international space station is flying over your house. nasa has set up an entire website to help you spot the station. seen from your location. the international space station is the third brightest object in the sky and visible without a telescope. andy: new this morning, we are getting another look at the upcoming sequel to guardians of the galaxy. >> try again. >> i am groot. >> mmhm. >> am groot. >> uh huh. >> am groot. >> noooo! marvel just released this new trailer for "guardians of the galaxy volume two". there are plenty of new shots of the trailer features the guardians in action, backed by the song "fox on the run" by 70's glam rockers the sweet. the film hits theaters next may. andy: warner brothers just announced the release date for "aquaman." the stand alone film starring jason momoa as the aquatic hero will hit theaters october 5th, 2018. that is according to the hollywood repor

aldrin was the second man to walk on the moon, after neil armstrong in 1969. back to you. tim, thank you. space station is flying over your house. nasa has set up an entire website to help you spot the station. there you can sign up for email or text alerts when it can bee seen from your location. the international space station is the third brightest object in the sky and visible without a telescope. andy: new this morning, we are getting another look at the upcoming sequel to guardians of the galaxy. >> try again. >> i am groot. >> mmhm. >> am groot. >> uh huh. >> am groot. >> noooo! >> nice to see the old friends. marvel just released this new trailer for "guardians of the galaxy volume two". there are plenty of new shots of baby groot. the trailer features the guardians in action, backed by the song "fox on the run" by 70's glam rockers the sweet. the film hits theaters next may. andy: warner brothers just announced the release date for "aquaman." the stand alone film starring jason momoa as the aquatic hero that is according to the hollywood reporter. momoa had a cameo as

at this year's tech crunch disrupt san francisco aol chief tim armstrong sat down with his boss, marni walden, to talk about verizon's current plans to buy yahoo's core internet business. this is about 20 minutes. ♪ >> thank you guys for joining us. so this is going to be sort of like, there is like this trick to this interview, which is that i'm going to pretend as if both of you couldn't fire me if you didn't like the questions, so we're just going to pretend that is not the case. it could get awkward. so there is a bunch of things i want to