she'll be covering the unicorns for us. ones that have real businesses and more scrutinizing ion these things. >> i'm tempted to make a c.s. lewis joke about those kinds of writers who can write about unicorns. i'll leave it at that. >> with humor and grace, but also with scrutiny. >> we preaappreciate you coming >>> we also want to get a check on the markets. the dow and s&p on back to back gains for the first time since the middle of february. the nasdaq is the only major average in the red today. it's the only that's positive for the month of march. >>> apple's eddie q has called it the best portrayal of steve jobs. one of the authors will join us live. >>> plus, the future of the film business lies in china of all places. liongate will tell us why. >>> and how has tv changed since the first season of "madmen"? >> eyetunes was barely in existence. any streaming was probably done illegally. so over the course of our show, this whole new pathway to content delivery evolved. >> we'll have plenty more of our conversation wit

leslie: a unicorn. like to be a unicorn, with a rainbow over me -- erik: you are a unicorn. stephanie: thank you, bloomberg's on leslie picker who is not a unicorn, but a fantastic reporter. erik: coming up, voting with their feet, as they do -- we will see why arby's sales are rising. ♪ erik: we are in the midst of a winter storm here in new york city and it is wreaking havoc on airports. at 11:10 this morning at delta plane skidded off the runway at laguardia. it is currently resting against -- the nose of the plane is currently resting against the fence. according to the associated press, the port authority, which oversees not just a cardiac, but jfk, newark airport as well -- not just laguardia, but jfk newark airport as well, says there are no injuries. the accident such as it is, and happened at 11:10. delta plane skidded off the runway at laguardia. no injuries reported. stephanie: you may say that arby's is winning the fast food war with sales up 6% last year. arby's is doing a much better job t

- (otto): why a robot, unicorn, and mummy? they have nothing to do with each other. - so, that's how you want to play this, huh? well, i can play tough too. - odd squad is made possible in part by... - ...a cooperative agreement with the u.s. department of education, the corporation for public broadcasting's ready to learn grant and by contributions to your pbs station from viewers like you. thank you. my name is agent olive. this is my partner, agent otto. this is me again. but back to otto and me. we work for an organization run by kids that investigates anything strange, weird and especially, odd. our job is to put things right again. (theme music) - grrr! - yeah! - heyyy! - aaah! who do we work for? we work for odd squad. sir, we heard something odd was happening. - it's ok you can tell us what it is. - (sighing): whenever i speak this happens. (canned laughter) - laughter?! - didn't even say anything funny. (canned laughter) we don't have the gadget to fix it. but i do have these. better? - i can't hear a thing that you'r

liz: and it all started with a ninja cat riding a fire breathe unicorn holding a microsoft flag. i mean, talk about crazy stuff. good luck, martin. >> you cannot predict what will happen. liz: please come back, thank you so much. i've heard about red bubble, we find it a fascinating company. martin hosking, co-founder and ceo. we are 15 minutes away. we were talking about monster trucks a moment ago. did janet yellen pull the rally out of the dollar? two managers in fixed income making predictions about the dollar, oil and bonds. don't go away. [announcer:] what if one stalk of broccoli could protect you from cancer? what if one push up could prevent heart disease? [man grunts] one wishful thinking, right? but there is one step you can take to help prevent another serious disease- pneumococcal pneumonia. one dose of the prevnar 13® vaccine can help protect you ... from pneumococcal pneumonia, an illness that can cause coughing, chest pain, difficulty breathing, and may even put you in the hospital. prevnar 13 ® is used in adults 50 and older to help prevent infections from 13 str

"i do think you will see some dead unicorns this year."ter, how big of a splash did gurley make down there? >> i think it's a big splash. i think both bill gurley and mark cuban down here have set a tone that we're in a tech bubble. the bubble may burst. on the other side, you have people like steve case saying maybe for the unicorn, maybe some of these big companies in silicon valley. but what's really happening is what steve case calls the rise of the rest. people who are making all sorts of apps, whether it be in austin or kansas city or new orleans or atlanta or miami. these new things are growing. their problem is not that they're in a bubble, but it's hard for them to scale. just thousands of new things. a guy named riley had done a tablet for teachers and their kids. that's great. but how do you bring that to scale, when big companies are doing it? so i think the other conversation here is not that we're in a bubble, but we have a lot of start-ups. how do we accelerate them. do we make them scale. people like rick braddock, the entr

i learned that unicorns are miraculous creatures to be lovedded unconditionally. the free tickets having a flight attendant roommate named scott is not worth the drama. you have seen the highlights and low lights from the eight years, but we thought tonight should end with a proper look at the man whose name was in the title until tonight. while "red eye" will continue" red eye" with greg gutfeld will not. we will end the show with one final farewell. goodbye, old friend and god speed. we'll miss you. ♪ janet? cough if you can hear me. don't even think about it. i took mucinex dm for my phlegmy cough. yeah...but what about mike? (cough!) it works on his cough too. mucinex dm relieves wet and dry coughs for 12 hours. let's end this. same. an all-new "strange inheritance" starts right now. announcer: a superstorm gets the jersey shore. >> he walked in and what do you find? >> even get in the front door. >> it was overwhelming the damage that had been done. announcer: a town institution obliterated. the code some superheroes save the day? >> i was holding the book up

it a unicorn. >> that is why it is special.big a deal? >> right now satan is going not cool don't compare me to her. "time" magazine did a piece of their own about how this happened over 30 times before because. the m . with points and presidents, so, they know it happened, yet they keep doing it, it is almost like they want publicity that could not be possible. >> they don't make enough money to become meral -- commercially attuneed. turning to hillary clinton. do you think this is too much ado about very little. the e-mail controversy? >> no, what is funny, she is turning it into a bigger deal, everyone wants to blame media. the media circus. on the left will side with hillary, she is not giving specific answers that would make us push this away. drop the case. she has been incriminating herself, she says things that disagrees with statement she said in the past. >> i love the cross fire, 29 halfbetween half the democratic party and a republican party. >> almost reached a point where republicans can just sit back. hillary is

meet europe's newest tech unicorn.ketplace far fetch announcing this morning it has raised $86 million in series e funding led by jiri miller in's dst valuing the company at $1 billion. the london based retailer offers access to more than 300 luxury fashion boutiques worldwide. joining us is the company's founder and ceo josay nerve vis. good to see you. >> thank you for having me here. >> i have to say, i discovered farfetch just last week. i was led there by one of the fashion aggre graters. poly war the name of it. the first that i had heard of it. i'm wondering what the selling point is and strategy to get the name out and expand the business beyond europe where you're based. >> no. >> yes. farfetch is a new way to shop for fashion. we basically provide access to 300 of the world's best independent luxury retailers. we can shop the streets of milan, paris, new york, l.a. and tokyo, et cetera, and you are right in that we have to do a lot of work in terms of raising brand awareness, and we've just launched our first

. >> that's a lot of money even with all the talk of unicorns going around.nwhile coming up, should silicon valley still be on bubble watch or is it just boom watch? we'll ask one of the top vcs in this country, venky ganesan in a few minutes when "squawk alley" comes right back. (trader vo) watching. waiting. for that moment, when right place meets right time. and when i find it, i go for it. (announcer vo) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus powerful mobile apps. and now, get up to a two-thousand-dollar cash bonus when you roll over your 401k or ira accounts. details at scottrade.com/retire. now with the you can watch live tv anytime. it's never been easier with so many networks all in one place. get live tv whenever you want. the xfinity tv go app. now with live tv on the go. enjoy over wifi or on verizon wireless 4g lte. plus enjoy special savings when you purchase any new verizon wireless smartphone or tablet from comcast. visit comcast.com/wireless to learn

we will see the unicorns start to fall over.anna: the business model lends itself to a shopping source of revenue. caroline, you do not speak from experience. thank you very much. we have numbers coming from sony. they reported sales, including the pictures division. this includes the pictures to deivision. the operating profit is ¥182 billion. this is what they say about the forecast. the eggs japanese companies tell us about forecasts and that is where analysts focus. the net loss and ¥8 trillion in 2014 revenue. they are tying up loose ends. manus: join us on twitter. european equities are indicating a little bit lower at this stage. anna and mark barton, what is on the agenda? mark: china. copper. the red metal jumping earlier this week, following the premier league pledge to boost expansion. we will bring you an interview with this man, the first interview of the day. we will talk earnings, prices chinese demand, in just over an hour. manus will be sitting down with him one-on-one. mark: the stories on bloomberg this hour.

. >> you look at these unicorns -- are these unicorns or not?ere are not that many that get to this level of valuation. they're not unicorns in the sense that i think we should not be worried about these valuations. a lot of what's happening is these companies are staying private tremendously longer periods of time. that's causing to confuse the private markets with bubble talk. >> one thing we talked about is the issue that while they remain private, they have public investors. >> that's true. >> so we look at t. roe price and blackrock. what does that mean? >> i think you talked about it earlier. the biggest trend that's happening is the shift of dollars from the public markets into the private markets. sop if you're t. rowe and you're saying where am i going to make my money? there's not a lot of growth in the tech markets publicly. a lot of the companies that just quite frankly aren't growing significantly. so i think what this is more a reflection of is if we're going to beat our benchmark, we've got to come in more. >> what does that mean

and one of the male employees joked around at one of the female programmers is what they called a unicorn because she is so rare. this is the language and the culture that has persisted there, and it has to change at some point, and i think that the small steps are going to be getting there eventually. >> and i don't know how much of a step it was, and scott cohn, how much does this verdict mean for kleiner and, scott, what do you feel is the impact of the case? >> well, there is a free market with the lawsuits and the courts, and some may decide if it did not work for ellen pao, a suit filed three years ago at great cost, and effort at all sides, if it did not succeed, will others continue the efforts. chances are they will, and she may as the company claimed, may not have been the best representative of the issue, but it does not mean that the discrimination does not take place in silicon valley or elsewhere in the business world. >> and how do you see it, because you are an employment lawyer in california, and do you feel it is a setback for the women in the employment environment? >>

bill gurley says we will see a unicorn die within the year, so this is a very serious business. a lot of deals are made here at sxsw. you have to remember, stuart, it's not just the exhibiters here behind me, not just the panel discussions, it is so much more. it's the panel the movies, the concerts where deals are struck. stuart? stuart: jo lipping, have a good time, okay? i know you will. thanks very much. >>> now everybody, look at this. they've got me standing up, for p heavens sake. i'm not in my usual territory here. it's because we are joined by elaine duff, the head mix colings, i believe -- >> close enough. stuart: the spirit ambassador for d' aggio wine and spirit and you can catch her on "bar rescue." you're jon taffer's lady right? >> i do help him sometimes. stuart: you're advertising given necessary. >> we are. stuart st. patrick's day is tomorrow, and i you've got three cocktails that you're going to mix right in front of me using guinness. >> i am. stuart: number one, guinness black and blond. >> this is a twist on an old class ec known as the half and half. so t

we caught one billion dollars valuation company unicorns. now we have decacorns.ber, pinterest, getting enormous valuations at a quick pace. pinterest, social scrapbooking. you pin pictures of your favorite decoration. when i say that my house is obsessed with it you are discovering holidays, that is how you use it. founded in march 2010 and worth $11 billion. this is about their fundraising series. it is about expanding. guy: what are they going to use money? caroline: expanding internationally. they are doubling international users. 135% international growth rate it is 40% of users. they have offices in tokyo and sao paulo, they want to expand their focus. start monetizing. you cannot buy what you are clicking on, they need to show that and wrap up advertising. they will be launching in the u.s. gap is using it, now they are going to have sponsored inpins in the u.k., this is the way they're going to cash in. guy: caroline hyde, thank you. a decacorn. a horse with lots of spikes on its head. that's it for our u.s. viewers. whatever we got coming up? tom keene an

absolutely crazy over a special laptop sticker that features a ninja cat riding a fire breathing unicornow's flag. the stickers have already sold out on microsoft's online store. you can snatch one on red bubble. it will cost you $3. i wonder what the mark-up is on that. lyft has joined the billion dollar club. they've closed $530 million in new funding led by japanese giant retkuten. it brings the start-up to a $2.5 billion valuation. uber is at 41 billion. remember when yahoo used to be bigger than google? watch your back in start-up world. no better way to spring into the spotlight than to get a shotout from janet yellen. >> we have an outside accounting firm. an independent auditor. currently deloitne that does a thorough review of our annual balance sheet. it's both the board and all of the federal reserve banks and the consolidated federal reserve system. >> okay deloitte gets the shout-out. that was janet yellen. that shout-out is a nice starting point for deloitte's brand-new ceo cathy. that's terrific in and of itself to say that deloitte is auditing the central bank. you have a

what were they thinking hiring a right wing wino fixated on unicorns and troubled flight attendants. i was terrified and still john moody said here is a show pick your staff. he is a genius or nuts, perhaps both. roger ales trusted me. i will never forget it. everyone i picked to work here were weird, really weird like me. bill schulz. a cross between peter pan and a bed pan. he was a funny strange thing. and then andy levey a poorly dressed shut in with two cats. he stuck around like a foul but talented odor. but we kept at the show every night and it got better bit by bit. the lesson, if you keep doing something over and over and over again you can't help but improve. not at first. it took awhile. we had some problems. first there was our lack of talent and then of course our lack of talent but then more than a few inco hairpt -- inco hairpt guests drunk and the so on. what kept it going was the fans who saw something in this weird creature called "red eye." i said it before. loving "red eye" is a three-step process. revolion confusion and then obsession. the fans understood that t

but the obama administration has been chasing this unicorn, this idea that we can get other people to do the hard stuff for us. in order to make the equation work, the obama administration and the yes men in the pentagon completely ignore the fundamentals of warfare. what matters here is what people will fight for. ultimately in warfare, it's not about the steel a man holds in his hand, it's about the steel he holds in his heart. like it or not our enemy who are outnumbered by the iraqi army, by the jordanian army by the syrian army they are not only continuing the fight they're thriving because of their level of commitment, and morale, they are willing even for a cause they are on a dif vine mission, they are incredibly empowering. the people that are armed they might night for this event, but they continually die. they defeat the local owing. >> i don't think it was kidding ourselves when they said we're going to take this 5,000 man force, train them in saudi arabia and they're going to come back and kick some isis butt. most commentators knew it was never going to work. but they ha

it sounds good it's rainbows and unicorns.if you look at the numbers, the economics of it it doesn't make sense. it's not possible. the idea that etch is the same -- everyone is the same paid the same goes through life the same. that's the issue i have. they want everyone the same. doesn't matter if you are exceptional or not. you are the same as everywhere else. i take huge issue with that. >> as an educator you were part of the union, what turns you off from the union model? >> for me obviously being part of a teachers union, private sector is definitely different to the public sector. >> more accountability in the private sector. >> no collectively bargaining against the taxpayer doesn't make sense. no one is sitting at the table. you have you know inmates running the asylum. there's a finite amount of money going into the public sector for people and employers. and to sit there and suck it dry - we see school districts that lost millions, have been - you know where they have to lay off teachers to keep the benefits and the

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there is a perception that the church tries to put forward that everything is all butterflies and unicorns with the church of scientology. and yet on the other hand there are a lot of things that happened that are very egregious violations of human rights. and things that -- >> what would be illegal things that would be illegal as well. you're talking -- not you but the film talks about tom cruise who's the most famous and his marriage to nicole kidman suggesting that marriage was divided by the church because she was not a scientologist. at one point her phones were tapped. all of which the church has denied. did they engage in these tactics? >> absolutely, megyn. this is the patent and practice of the church in dealing with things and people that they feel are not in step with them or disagreement, or seeking to expose what's going on. i mean you've seen the reaction that the church -- i'm sure you were flooded with all sorts of information about every single person that ever speaks out about -- >> they're extreme religious. we got threatened on a segment we did a few years ago. they lov

there are a few unicorns like warren buffett, but the average person can't. 96% of all mutual funds do match the market over 10 years. they fail. only 4% make it. if we went to go play blackjack in vegas, you get to face cards. year in your idiot says hit me. you have an 80% chance of getting an ace. people don't understand the power of these --fees. this has become a soliloquy, but it's so important. do you know what you pay in fees on your investments, your financial funds? the majority of folks will not be able to tell you. the difference between 1% and 3% is something that president obama is trying to do something about it. if you had 1% versus 3%, you put aside when compounded hundred thousand dollars, over 30 years at 7%, it's almost $600,000. the person with 3% fees will have 300,000 more. -- $324,000. you have to become an insider. if i go onto the seven steps this will go on all day. charlie: i do want to go through it because i think it is important, and people are interested. what is next? tony: you have to make the game winnable. most people don't start because it is overwh

>> i'm looking at a pretty fabulous bunny-unicorn >> jimmy: you've got st.re ready to party down here. >> jimmy: is that a mask, that scary-looking guy right behind you? >> yeah. >> jimmy: oh, yeah, i'd like to have that. that's pretty good. >> it's truly terrifying. >> jimmy: all right, okay. yeah, we'll come by and visit you. looks like great costumes you have there. >> yeah. absolutely. >> jimmy: funny that you have all these fantastic costumes and you're wearing that $4 foam hat. >> i know. yeah. >> jimmy: all right. >> it's the biggest thing i could find. >> jimmy: nice to meet you, kerry, see you next week. if you want to be a part of the wall of america, go to jimmykimmellive.com and we have the information there. we have tickets for all of you that are there in austin to come see us live on the show. be right back with octavia spencer! [ cheers and applause ] ♪ this is a sandwich.dwiches? the new subway turkey italiano melt. tender turkey breast, genoa salami, pepperoni, provolone. and that tangy new subway vinaigrette. the new turkey italiano melt.

or maybe it was a unicorn? but would he hide a bad back just to hide his tough guy image?ou. >> president obama come from mom jeans. >> reporter: one of the theories about putin's vanishing act was illustrated by ukrainian kids. in an animation workshop they drew president putin being beamed up by aliens. the spacecraft took off, after putin was abducted by the ufo, peace and calm came over the earth. but knowing putin, he would have been riding that spaceship. jeanne moos, cnn, new york. >> all i'll say is his face in that appearance today, it looked puffy. >>> "ac 360" starts now. >>> good evening. thanks for joining us. we begin with breaking news. robert durst has officially been charged with first-degree murder that makes him eligible for the death penalty. that is the latest development in a case that is so full of drama and tragedy, the fact that he was arrested over the weekend in connection with the cold case murder of his friend 15 years ago, isn't even the most extraordinary detail to come out in just the last few hours and days. for more than three decades, the

>> secrets to happiness, now with 65% more unicorn. at a social convenient, it is important to stay off the phone unlike this woman here, oblivious to about what was to occur. show it! >> there's lance. nice ball handled. three. >> here we come a ball. there it goes. see this woman too busy on the phone. smack. ow. quite painful, i must say. >> say it again. >> must see it again in slow motion, so horrible. >> ouch. >> look at the guy just pretending to block it. just an update on this. she passed away. no. she is doing great. she is fine. she is fine. she had a little bloody nose. everything is. however, they had to shoot the ball. >> that was like so marsha brady. >> not the first time the ball has done that. >> why i don't go. i don't go to baseball or basketball games for that very reason. >> is that why you don't go? >> afraid of the face. >> will ferrell took to the baseball field cactus league games in arizona, played ten -- nine fielding position, delayed this ten different games today in benefit all cancer organizations. that'

. >> guest: it is sort of a unicorn in the research because they have a low diagnosis, one of the lowest ever recorded around 4% which is a fraction of the iraq -- it's very low. and you think about john mccain in prison for five and a half years and in your torture and that is at the extreme end of has ever been measured and yet a lot of those people have very positive experiences. what you discover when you look at the cohort is that those people were older and have had been trained and prepared and many of them had been the course before handhad so there was preparation that had occurred and the toughest school tends to produce the best soldiers so that is arduous, not abusive but very arduous and pushes people to their limits in reason you tend to have a person that is more prepared for extreme adversity and deployment stressors and trauma and we do find that to be the case. they tend to have a lower diagnosis. people think the reason for that is the training is tougher and so i think i have a very particular view of what helps people but working out and taking the stairs to approach

maybe it was the unicorn. would the kremlin hide a bad back just to maintain his tough guy image?, he come from bum genes. >> reporter: one of the most fantastical theories about putin's vanishing act was illustrated by ukrainian kids. in an animation workshop they drew president putin being beamed up by aliens. a spacecraft took off after putin of abducted by the ufo, peace and calm cape over the earth. knowing putin, he would have been riding that spaceship. jeanne moos, cnn, new york. >> he was beamed up. >>> thanks for watching cnn. i'm rosemary church. >> i'm john vause. "early start" is up next for viewers in the u.s. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be abl

scary, man, like unicorns flying around, man. watch out. [ laughter ] scary, man.er say. does that make sense? like, no black person should ever get on tv and be like, "hey, we need to take this country back to its roots." [ laughter ] the roots? have you seen "the roots?" the movie "the roots?" he lost a foot, son! come on, man! okay. i'll be real. i almost became republican last year, because i got on my first tv show, and i got my first check. [ light laughter ] listen, crowd, i don't want to say how much money it was. i ain't trying to be weird. but it was like cocaine party money. you hear me right now? all right. come on. you come in, you come in. there's going to be a dead body. you know what i mean? don't get me wrong. don't get me wrong. i'd go to jail for the dead body. it's not like o.j. money. no. [ laughter ] it's like michael vick money. but then i got that check, right? between my agents and mostly the government, 55% was taken out of that first check, crowd. can you imagine that? 55%. that's the very first time in my life when i said out loud "not e

you know, we have this notion out here in the valley now of unicorns which is the idea of billion dollarvate companies, which if you think about it, are a brand new concept in the investment market. there are literally a hundred of them now. they may all get public, but i think the mark be likely outcome is that, you know, something will happen along the way and the public market will perhaps be less enthusiastic about many of these companies than the venture capitalists out here are. and, you know, silicon valley is a very passionate place and what's cool is there's a lot of really great work being done now, as lot of very exciting companies, but the fear is gone. and bill gurley at benchmark i think has been way out in front in making that point. and fear is, as we know in the public market, a really important component of any bull market. the you need to climb the wall of worry and right now there's this notion that start-ups can do anything and really can't be stopped. and that second point i think the first point is true, i think they really can do just about anything, but the secon

dji which is in sengen, unicorn now, multibillion dollar company that seen revenue go up by multiplespast few years. it's huge. >> amazon has the lobbying budget to put a proposal like this together to get the license that it needs. do you think it will be harder for upstarts like the one you mentioned to get the same approvals. >> i think it will be very challenging. when you look at all of the regulation they have to face, this is an issue that all start-ups face whether net neutrality or some other issue. the government has to create a level playing field so that smaller companies can experiment and get into this stuff. >> one of the viewers writes in business idea, drone pilot schools. >> you need -- you know, carl, i hate -- it's not funny because you have to have a private pilot lesson the faa said to amazon. it should be drone specific. not as hard to fly a plane as a drone. i can fly a drone, can't fly a plane. i fly one badly. >> not as hard to fly a drone as a plane. >> what did i say? >> the opposite. >> good weekend. >> good weekend. >> yeah. >> daily e-mail north america.

>> guest: they hanoi hilton is a unicorn of research literature. they have a strikingly low lifetime ptsd a fraction. very low when you think about john mccain who was imprisoned for five and half years and endured torture at the extreme end of what has ever been measured and yet a lot of those were positive experiences. when you look at those people who are older and have been trained and prepared in many had been to a mock prisoner of war course beforehand so there was preparation that occurred. if you think about it in terms of my perspective as a marine officer, atop the school tends to produce the best soldiers. if you embark on training that is arduous and not abusive but very arduous and pushes people to their limits within reason you tend to have a person who is more prepared to work stream adversity, deployment stressors and traumas of various kinds. i do find that to be the case. special operations groups and this is somewhat debatable, they tend to have a lower ptsd diagnosis and the reason for that people think it the training is toughe

facilitating the civilians from recovery tax >> guest: well, the whole ten killing is the sort of unicorn in the research literature because they had a strikingly low ptsd rate one of the lowest recorded around 4% which is a fraction of -- [inaudible] >> guest: very low. and john mccain was in prison for five and a half years and endured torture at the extreme end of that has it has ever been measured and get a lot of people had very have very positive experiences. and what you discover a new look at the cohort is that those people were older, they've been trained and prepared and many of them had been to a course before hand so there was preparation that had occurred and if you think about it in terms of a marine officer of the toughest school tends to produce the best soldiers. so if you and bark on training that is really arduous and not abusive but very arduous and pushes people to their limits within reason, you tend to have a person who is more prepared for the extreme adversity deployment stressors and of the various kinds and they do find that to be the case. and this is somewhat

. >>> call it the next big unicorn. another $52 million today. it's on the heels of its$90 million investment. it's their largest position ever, and they remain the only partner. steven, good to see you. welcome. >> good morning. >> that is saying something, the largest position. >> well, we are super excited. this is a really significant investment for us. but really david and o-ryan, the founders, have done an amazing job with the superb product. >> and, steven, it's john ford. it gives people the ability, the real time ability, to see potential vulnerable smartphones, pcs, send messages to people who might have those, push fixes, but it's enterprise. and andreessen horowitz has a big legacy there. is that missed in the hype of valuing as and whatnot, are there really attractive companies to look at there in the enterprise? >> well, the enterprise of course is the infrastructure of the world in terms of computing. and there are probably 1 billion end points. those are pcs or macs or laptops, desktops, virtual machines, cash registers, atms, all

unicorn's, dragons, whatever the label the tech industry is running to keep up with the rapid rise oflion dollar valuations. what should we keep our eye on for the next leg? jeremy lu is a general partner with lightspeed venture partners. thanks for joining us. >> happy to be here. >> so there are now 73 companies that we know of that have this valuation of more than a billion dollars. how do you as an investor separate the wheat from the chaff? >> i'm lucky in that i spend my time on the early stage investing and as these companies grow they grow into these billion dollar type valuations. but for me, when i'm meeting these companies, we're tending to invest a at a 5, 10, $20 million valuation on the hope and expectation they'll grow into valuations in the future. for us a lot of this stuff is in the future and we're excited to see it happen to our companies and portfolio when they do. >> a lot of companies in your portfolio even though you got in an early stage have been formidable brands, snapchat, just to name a couple, what do you see in those companies that leads you to put your

they have been going to science to do this, but it has been a unicorn. find that secret ingredient that will make oak and pepsi taste good without the aftertaste. olivia: they try different things but nothing has done the trick yet. i couldn't believe the decline in diet soda sales. 7%. matt: diet soda -- water is probably what you should drink if you want to be healthy. are you not worry the art of personal -- are you not worried that these kind of things cause cancer? olivia: i will have a bacon double cheeseburger and a diet coke. matt: i am trying to watch my figure. betty: it is supposed to make you gain weight. the war over your breakfast plate and why frosted flakes and lucky charms are getting buried under a pile of and kicks. what that means for kellogg's and general mills. ♪ betty: we continue to count out to the opening bell and we are halfway through its means it is time for our deep dive. number five is general mills the maker of cinnamon toast crunch, cheerios, tricks wheaties. yesterday reported disappointing results, joining his competito

that should be globally and economically a canary coal mine that it is not all rainbows and unicornserse. olivia: thank you so much. matt: time now to bring you up-to-date on the top stories of the morning. regulators are looking into jp morgan's asset management unit. the sec has opposed associates and subpoenaed thousands of internal documents. investors want to know whether jp morgan investigators steered clients into investments for the banks gain. a big transaction in cable tv. try to commit negations has agreed to buy a majority stake of bright house network. the price is $10.4 billion. bright house is controlled by psi new house junior. the deal is contingent on several new things. here is another example of march madness. the resale market for final four tickets wins fans who want to see kentucky finish an undefeated season. average resell price for a ticket to the game saturday and monday in indianapolis is almost $1900. that is a record and 25% more than the previous record that was set last year. those are your top stories. olivia: how much do players make? matt: very good

>> the reform of china's state owned enterprises is like this mythical uniform -- unicorn people talk, them talking about this overhaul is something pretty big. some of the industries they will focus on is oil, energy, and telecommunication. what is that mean? that could impact some of the worlds largest firms. that includes china national petroleum corporation. that is the parent company of petro china, the sixth most by your company in china. it could also impact china mobile, the 11th largest mobile company. china has 100,000 state owned companies, and of course that is perceived to be corrupt, not transparent, inefficient, not profitable. about one quarter of those 25,000 companies, are operating in the red. alix: how are they trying to reform? what a looking at new ceos question mark is it structural? >> structural. they come down to consolidation. oil, energy telecoms they put all of these companies into these major groups and handoff these groups to state backed asset companies to run. the hope is they will be run more efficiently. talking about the prophets, i know we have a g

mobile app install ads, in other words for a lot of these companies that have been referred to as unicorns just out of nowhere, they're the ones buying these ads. that could dry up like that if things turn south at all. so that's a real concern if you're somebody who is on the bullish side of facebook and then you take the payments. payments are something that i like payments and what they're doing but the fact it's only through a debit card melissa, you had jpmorgan and citi basically going after the s up going with apple. >> i want to get james' thoughts on at least a few of those points. >> all right. >> for the valuation side is there too much built in for the what's app and the acquisitions he's made? >> i don't think so. i don't think we're we're looking for 40% growth. so you have a stock you can argue the valuation but at this point it's trading at about half of linkedin valuations and 40% of twitter's -- >> it's just telling me it's trading at less than its peers which may not be the right multiple. >> you can't look at specifically the near-term opportunities with the apps but ra

nobody beats the markets except a few unicorns. 96% of all mutual funds fail to match the market.o what's your chance? >> do you play black jack? >> you need to try to not pick the winners or pick your moments. back in 2010 i'm sure people have talked to you, you say to people, look, i talked to these guys, they're worried about the market. i think a big reversal is coming. >> they think, yeah. >> right. even the last four years obviously returns have been great, the economy has been good enough. but the message i think again, i want to make sure your emphasis i'm understanding where you're coming from. this isn't about timing the market and trying to call the cycle which nobody frankly can do. it's just about -- >> absolutely. >> basically getting involved. >> it's asset allocation and making sure you don't pay the fees. if i can get the index for 0.17% and i'm going to go pay a mutual fund for 3.1% for some of the same stock. it's the same product. i'm crystal clear about that. all i shared with people at the time is the people i was investing with is -- no one quotes the fact o

. >> it's rarer than a unicorn. i don't think they actually ever made any.what they're talking about. there was and may still be for that matter a special visa program where if you were a foreigner and you invest i think dwlr 500 in an american visa you could get a visa it was a way to give out visas. so you are seeing a lot of scrutiny of it. so as that sequence just showed nobody is really accused terry mcauliffe of doing anything wrong yet, simply taking advantage of a program that shouldn't be there in the first place. >> the guy playing at a high level gets special treatment. that happens in both parties. >> yeah. >> there was a company as mike suggested that was not particularly successful. so the special treatment stands out a little more. >> a lot more to get to. up next president obama slows the troops pullout from afghanistan, with no let-up in the insurgency there. is it delaying the inevitable. we will ask the station chief in i slamabad when "morning joe" comes right back. . so you wanna get out of here? go national. go like a pro. after brushin

you guys are two of the most sensitive men i know, but you are not a unicorn.leave work early to pick up their kids and sometimes there is resentment. i have seen that firsthand. >> i can say single people, send her. you don't have kids. >> if we understand the shoes we wear what a sad thing. we should have empathy no matter what. >> if it encourages people to say hey, maybe i should think about -- i don't know where i will be ten years from now. i may be that mom with two children. it's a positive thing for having that discussion. dads too. a lot of people pointed out that this doesn't make mention of the dads. you guys are doing the same job we are doing. >> i also think we should try wearing each other's shoes. >> i will not take my shoe off. kathie lee give me this thing called baby foot. >> i ordered it. it's the best thing ever. >> your feet moult like a snake. it's amazeingamazing. >> i won't let you take a shot. my feet are so scaly, i went to try on shoes i thought they were going to throw me out of the store. it's unbelievable. kathie lee said skip ca