>> when we return, tom steyer's paradise. running this huge ranch, how is it different than running a hedge fund, a $20 billion hedge fund? >> the northern california coast is one of the most picturesque places in the united states so no yonder this is where billionaire tom steyer spends his time. a few miles inland from the pacific is the 1,800 acre ranch steyer and his wife bought in 2002, only an hour outside of san francisco, it's a world away. buying this ranch, was it your idea or your wife's idea? >> i think you can only blame my wife for that one. originally we bought it because the land had been so misused, you could dump stuff here if you paid them a fee. there had been a d.e.a. raid. they had people -- >> why? >> i think they were growing dope. >> oh. running this huge ranch, how is it different than running a hedge fund, a $20 billion hedge fund? >> i'll tell you how it's the same and how it's incredibly different. it's the same in the sense that you think this looks like an asset, but it's actually dramatically c

>> when we return, tom steyer's paradise.ning this huge ranch, how is it different from running a $20 billion hedge fund? ♪ >> the northern california coast is one of the most picturesque places in the united states, so it is no wonder this is where the billionaire tom steyer spends his free time. there is an 18 acre ranch he and his wife bought in 2002. an hour outside of san francisco, it is a world away. buying this ranch, was that your idea or your wife's idea? >> i think you can blame my wife. [laughter] originally, we bought it because of the land was so misused you could dump stuff if you paid the fee. >> running this huge ranch, how is it different from running $20 billion hedge funds? >> i can tell you how it is the same and how it is incredibly different. it's the same in that you think it looks like an asset, but it is actually dramatically changed by the people who run it. that's exactly like every organization i have been in, which is having great people at the top. it is unbelievably significant and powerful, an

>> when we return, tom steyer's paradise. running this huge branch, how is it different from running a $20 billion hedge fund? >> the northern california coast is one of the most picturesque places in the united states, so it is no wonder this is where the billionaire tom steyer ended up. there is an 18 acre ranch he and his wife bought in 2002. it is a world away. buying this ranch, was that your idea or your wife's idea? >> i think you can lay my wife. originally we bought it because of the land. you could dump stuff if you paid the fee. >> running this huge ranch, how $20t different from running billion hedge funds? >> i can tell you how it is the same and how it is incredibly different. it's the same in that you think it looks like an asset, but it is actually dramatically changed by the people who run it. that's exactly like every organization i have been in, which is having great people at the top. it is unbelievably significant and powerful, and that's where the comparison is. >> how many have you put into this? >> i t

eastern time. 1800 acres, and this is the life of hedge fund leader now rancher tom steyer. we are looking at how booze is booming. and take a look at this -- 2500 couples at the unification church tying the knot together. husband and wife were matched up by the church. they traveled from as far as canada in order to participate. get this -- the guest list -- 20,000 people had attended. ♪ >> in titans, tom steyer started a hedge fund in 1986 with $8 million, and by the time he set down in 2012, $30 billion. the farallon capital management company will become the largest hedge fund in the world. part of our latest edition of "titans of the table," he gave our betty liu a tour of his 1800-acre ranch in scenic northern california. >> the northern california coast is one of the most picturesque places in the united states, so it is no wonder that this is where billionaire tom steyer spends his free time. just a few miles inland from the pacific is the 1800-acre ranch steyer and his wife, kathryn taylor, bought in 2002. only an hour outside of san francisco, it is a world away. r

. >>> coming up, meet tom steyer. >> i think mitt romney and i share an income bracket, but the reason i'm here tonight is that mitt romney and i don't share the same vision for the future. especially when it comes to energy. you see, this election is a choice. a choice about whether to go backward or forward. and that choice is especially stark when it comes to energy. >> that was tom steyer, at the democratic national convention in 2012. today he said he plans to spend $100 million to make combatting climate change a priority in 2014. forward momentum in the climate battle. i'll be talking about it with the head of the epa. stick around. you have time to shop for car insurance today? yeah. i heard about progressive's "name your price" tool? i guess you can tell them how much you want to pay and it gives you a range of options to choose from. huh? i'm looking at it right now. oh, yeah? yeah. what's the... guest room situation? the "name your price" tool, making the world a little more progressive. and his new boss told him two things -- cook what you love, and save your money. joe doe

. >>> coming up, meet tom steyer. >> i think mitt romney and i share an income bracket, but the reasonere tonight is that mitt romney and i don't share the same vision for the future. especially when it comes to energy. you see, this election is a choice. a choice about whether to go backward or forward. and that choice is especially stark when it comes to energy. >> that was tom steyer, at the democratic national convention in 2012. today he said he plans to spend $100 million to make combatting climate change a priority in 2014. forward momentum in the climate battle. i'll be talking about it with the head of the epa. stick around. [ male announcer ] winter olympian ted ligety can't take a sick day tomorrow. [ coughs ] [ male announcer ] so he can't let a cold keep him up tonight. vicks nyquil. powerful nighttime 6 symptom cold and flu relief. ♪ if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humir

in fact, tom steyer is with me now. he's focused on much more than a candidate.climate change. he's committed $100 million for an ad campaign this year, and he's not afraid to go after fellow democrats to get his point across. joining me is tom steyer, president of next gen climate action. good morning to you. >> mr. todd, good morning to you. >> welcome back to "the daily rundown." i want to get to climate change in a moment. as a citizen, do you sit here at all and have second thoughts -- and i know you believe what you're doing with your money on the climate issue is one thing. but do you -- are you at all concerned that so many sort of wealthy people are suddenly taking control of the political process in a way that has weakened the two political parties? >> well, let me say this. i think there are two points here. one is we absolutely believe in the democratic process. and that is the process which we believe america and americans use for major social changes. the second thing is there have been legal decisions, some court decisions which i absolutely disagr

get this -- the guest list -- 20,000 people had attended. ♪ >> entitled, tom steyer started a hedge fundh $8 million, and by the time he set down in 2012, $30 billion. the airline company will -- beuerlein i become the largest hedge fund in the world. part of our latest additions of titans of the table, he gave our betty liu a tour of his 1800 range in scenic northern california. >> the northern california coast is one of the most picturesque places in the united states, so it is no wonder that this is where billionaire tom steyer spends his free time. just a few miles inland from the pacific is the 1800 acre ranch steyer and his wife, kathryn taylor, bought in 2002. only an hour outside of san francisco, it is a world away. >> running this huge ranch, how is it different than running a hedge fund, a $20 billion hedge fund? >> it is incredibly different. it is the same in the sense that you think it looks like an asset , but it is actually dramatically changed by the people who run it. and that is exactly like every organization i have been in, having great people at the top, it is unbel

one man, tom steyer, plans to spend as much as $100 million during just the 2014 election cycle to pushal officials to enact climate change measures. steyer is a democrat, billionaire, who already dropped $11 million in the governor's race in virginia to help terry mcauliffe defeat ken cuccinelli, a man with a solid record of questioning the science on climate change. and in the fall, steyer plans to go after florida governor rick scott who says science does not create climate change. asked if he believe in climate change he said, "no, i have not been convinced." the president, today, rolled out a plan that would cut fuel consumption, carbon emissions from large trucks. >> improving gas mileage for these trucks are going to drive down our oil imports even further. that reduces carbon pollution even more, cuts down on businesses' future costs, which should pay off in lower prices for consumers. >> president's announcement follows provocative comments from secretary of state john kerry made to students in indonesia over the weekend. kerry said, which is 1,000% absolutely true, is climate

. >> do you have any objection to tom steyer his hone? i say spend it all. the more the merrier. i don't think you'll see liberals criticizing fom 167tom like they do the koch brothers. >> this is about free speech and elections. tom steyer wants democrats to keep the senate, but he also wants a particular type of democrat to be in the senate, one who is on board with his climate change. one of the people he suggested he might campaign against is mary landrieu down in louisiana. she will face a really tough race. and this is his way of putting up a warning signal saying if you guys are not on board with this particular kind of liberal ideology, then you may be a target yourself. >> all right, thank you all. when we come back, they're just six seats shy of a senate takeover and some republicans believe 2014 could be the year. but could divisions within the republican party derail that ambition? republican party derail that ambition? is this the bacon and cheese diet? this is the creamy chicken corn chowder. i mean, look at it. so indulgent. did i tell you i am on the... [ both ] c

. >> kim do, you have any objection to tom steyer spending it all? spend half a billion, spend more, spend it all, the more the merri merrier. i don't think you're going to see the liberals -- >> no. add free elections. i would add one thing. tom steyer wants to keep the dem democrats this the senate but he wants one that's on board with his climate challenge, religion. that's why one of the people he suggested he might campaign against is mary landrieu down in louisiana who's up for re-election. she's going to face a really tough race, this is his way of putting up a warning signal saying if you guys are not on board with a particular kind of it, you may be a target yourself. >> all right. thank you all. when we come back, there we're just six weeks shy of a republican senate takeover. but could divisions within the republican party derail that ambition? pay my bill. phone: your account is already paid in full. oh, well in that case, back to vacation mode. ♪boots and pants and boots and pants♪ ♪and boots and pants and boots and pants♪ ♪and boots and

. >> i'll be chatting with businessman turned environmental activist, tom steyer.s born and raised in the financial capital of the u.s., new york city but chose to open his company in san francisco. he founded the company with $8 million, and by the time he stepped down he turned the initial investment into $30 billion, making it the fourth-largest hedge fund in the world.

outk you, julie and peter, of san francisco, tom steyer. reportandy crush's card.mpany who makes this game make the grade? we will have more, you are watching bloomberg television. ♪ >> welcome back to "market makers," i'm stephanie ruhle joined by matt miller. on makers of candy crush helping investors having a sweet tooth. king digital file for an ipo with the fundraising target set at $500 million. does not look very promising with the gaming fad, the popularity of angry birds -- "farmville" following they grade securities by measuring risk and they give the company a high grade. the president joins us to crush" is thecandy only successful game in this cadre of products. what is so great about it? are people going to get sick of "candy crush?" >> investors have to look at two things, the history of the company beyond "candy crush" and the fact this has been incredibly well. the company has been around for well over 10 years, they have been quite profitable and efficient, and the financial health rating is measuring efficiency. a company like zynga is not as effe

. >> i'll be chatting with businessman turned environmental activist, tom steyer.rn and raised in the financial capital of the u.s., new york city but chose to open his company in san francisco. he founded the company with $8 million, and by the time he stepped down he turned the initial investment into $30 billion, making it the fourth-largest hedge fund in the world. his personal fortune is an estimated $2.6 million.

>> that certainly seems to be what tom steyer thinks. he has supplanted any of the other liberal boogiemen of years past, as, you know, the face of billionaire politics among liberals, and you know, he's really creating some and eliciting some kind of fascinating reaction with people. some people don't agree with him embracing the post-citizens united rules of the game. he's a super pac. he's going to be spending anonymous money as well around the issues of climate change, and specifically punish lawmakers who don't take action on that issue. but you also have some other folks, myself a little bit included, who feel that going down this road and throwing money on top of money on top of money may not make that much of a difference and is only going to have a harmful effect on elections and campaigns and frankly our democracy. >> well, i'm wondering, andy, is it an equal playing field? are there as many big-money super pac liberals as there are conservatives s out there oper right now? >> it's definitely tilted toward the right. the number

and there is billionaire retired hedge function inves fund investor tom steyer, he is a rrows wanna-be is planning to spend as much as $100 million to boost democrats to make global warming a priority. nnw there is this fella. he is burne osterloh, he is mad about that uaw losing election in tennessee, now he is threatening plan workers, businesses and companies saying if they don't unionize in tennessee it will affect volkswagen present in the south, he is so fulf himself and vokes vehicle he thinks his blterring become a 53% employee vote to reject the union now, he is over in germany he needs to calm down a little bit, when he or anyone else threatens americans, that does not usually end well. whetherou are a belligerent german labor leader on a billnae willing to may billions to up flew inthe midterm ections, the republican party as opening here, if they have a leader ship and guts to really represent working men and women, represent the middle class, and those who ar striving to be a a part of i, for response to the billionairr's club, and tough big labor guys, a go to hell would

. >> i'll be chatting with businessman turned environmental activist, tom steyer.nd raised in the financial capital of the u.s., ew york city but chose to open farallon in san francisco. he founded the company with $8 million, and by the time he stepped down he turned the initial investment into $30 billion, making it the fourth-largest hedge fund in the world. his personal fortune is an estimated $2.6 million.

and there is billionaire retired hedge function inves fund investor tom steyer, he is a sorrows wanna-be is planning to spend as much as $100 million to boost democrats to make global warming a priority. nnw there is this fella. he is burned osterloh, he is mad about that uaw losing election in tennessee, now he is threatening plan workers, businesses and companies saying if they don't unionize in tennessee it will affect volkswagen present in the south, he is so full of himself and vokes vehicle he thinks his blusterring become a 53% employee vote to reject the union. now, he is over in germany he needs to calm down a little bit, when he or anyone else threatens americans, that does not usually end well. whether you are a belligerent german labor leader on a billionaire willing to may billions to up flew inthe midterm elections, the republican party as opening here, if they have a leader ship and guts to really represent working men and women, represent the middle class, and those who are be a part of it, for response to the billionairr's club, and tough big labor guys, a go to hell wou

i would point out in the interest of fairness, tom steyer, a wealthy guy is out doing environmental aroundhange. he has a plant, he wants to seed $50 million and raise from like-minded friends, to josh's point, sort of directed giving. raise another $50 million to spend it on senate races in 2014 on the sort of climate change side of things. i think you're going to see more own more of it. you asked, are we going to see this in last two weeks? i would say we're seeing it now. americans for prosperity, koch brothers group spent millions of dollars against kay hagan already. we're just going to keep seeing it. >> here's that sound i mentioned from tom perkins. he's the guy that suggested maybe the power of your vote should be proportionate to the amount of money you make. this is the kind of attitude i think voters are up against in reality. here he is. >> the tom perkins system is you don't get to vote unless you pay a dollar of taxes. but what i really think is it should be like a corporation. you pay $1 million in taxes, you should get 1 million votes. how's that? >> you know, that guy's

it's no wonder that this is where billionaire tom steyers lives.rom the pacific is the 800 acre ranch that he bought in 2002. only one hour outside san francisco, is a world away. running this use ranch, how is it different than running a hedge fund? >> it's incredibly different. it is the same in the sense you think this looks like an asset but it's actually dramatically changed by the people who run it. that's exactly like every organization i have then in which is having great people participate, unbelievably significant and powerful. that's were the comparison ends. kat ranch is a staff of 15 including scientists studying ecologically friendly ways to raise capital. >> you basically move the animals from place to place. how the big herds of animals have moved across the plains of the earth. at this point, what we would think of as real success and it turns out scientifically that we are right and the way we are grazing the different animals causes the land to soak up twice as much carbon as normal. steyer has always bugged against conventional

what's tom steyer's top target for 2014? good morning from washington, february 21st, 2014.update on ukraine in a few minutes. first, the "first reads." >>> if you'reoo

tom styre. his net worth is about $1.5 billion, steyer i planning on spending $100 million to boost democrats whoobal warming a priority. no there's this fellow. he's brned osterloh. he's mad as hell abo the uaw losing the election in tennessee. now, he's threatening the plant workers, businesses, companies, saying if they don't unionize in tennessee, it will affect their presence in the south. he's so fullof himself and volkswagen that he thinks his blusterwill take a 53% vote to reject the union. he's sitting over in germany. he needs to calm down a little. when he or anyone else threatens americans, it doesn't end well. whether you are a belligerent leader or billionaire willing to pay millions of dollars to influence the midterm elections, the republican party has an opening here, a real opportunity. if they have the leadership and the guts to really represent working men and women, represent the middle class and those striving to be a part of it, it's for the response to the billionaires club and the tough, big labor guys, a simple,go to hell, would be a good start. we're coming right back.