inside sales is a real live unicorn. -- real-life unicorn. dave: or stallion.o not like the unicorn moniker. mark you emily: uber for being the list alley and. guest: unicorns die easily. emily: but why are you guys here today? you unveiled new predictive technology. dave: the event is amazing. it has become something larger than just a salesforce event. it has become an industry event. there is over 170,000 people here. this is a great venue to share new products. our newest product is our predictive cloud. our core technology is a tool that helps users with predictive analytics and a.i. to do smarter, sell better, sell faster. what we did is we put an api on top of our learning engine and we allowed other companies to build predictive systems. really very diverse. we have a company called the ven board, a meeting room management platform. we allow them to do smart meetings, which means that we can predictably tell them what time of day, who should be attending the meeting, what room in the building they should be in. we have another that is kind of calledre,

alan: that is why i have been saying all along, the unicorns, we have not had a unicorn , but that'sse that is not our strategy in terms of how we invest. although everyone would like to have an anomaly, you know, something that surprises you. but when these unicorns only have one exit opportunity, which is to go public, when they get to a certain price, the number of potential buyers is very limited. they will be affected by the normal metrics that affect a public company. the revenue growth, the profitability, how it compares to other comparables. you see a readjustment in the public price or aftermarket price. alix: we have not seen a tremendous amount of money in venture capital -- the second quarter was the third straight quarter of $72 billion plus. these numbers are completely staggering to me. what drives it up? alan: it doesn't drive. the funds have money. they are overflowing to a certain degree. i have not heard any fund not being able to invest because they are out of money. of course, there are always funds that are not able to raise the subsequent funds, but the money i

inside sales is a real life unicorn. dave: or stallion. i do not like the unicorn moniker.nicorn's die easily. emily: but why are you guys here today? you unveiled new predictive technology. dave: the event is amazing. it has become something larger than the salesforce event. there is over 170,000 people here. this is a great venue to share new products. our newest product is our predictive cloud. technology is a tool that uses predictive analytics and a.i. to do smarter, sell better, sell faster. api on tope put an of our learning engine and we allowed other companies to build predictive systems very diverse, likely have a company called the ven board, a meeting room management platform. canle can now, we predictably tell them what time of day, what day of we, who should be attending the meeting, what room in the building they should be in. we have another double that is kind of out of there, but a comeback called cloud craze. we're providing all of the predictive capabilities amazon has to almost anybody. emily: we are seeing major tech ships passing in enterprise world.

startup to gett its unicorn horn. and mark zuckerberg land on the top of vanity fair.ll of that ahead on "bloomberg west." apple is gearing up to host a big event tomorrow and unveil a new version or versions of the iphone. last year we saw the most significant redesign of the iphone since it came out in 2007, but we're not actually seeing another major redesign this time. more like a minor upgrade. so, what exactly will we see? covers us is adam who apple. we have the program director for the mobile division and a senior wireless tech analyst. thank you all for joining us. everyone is so excited about tomorrow, even though it will be a minor upgrade. adam, i will start with you. what do you expect? what do we know about the new features of the phone? adam: it will look like the ones that are out there now. it's sort of a pump part of the cycle where apple focuses more on the software. you will get a better camera and processor and some other new features, but like you said, is not as big as an upgrade as last year when there was anticipation for the bigger screens. em

john: for sure there will be disappointments in the unicorns set.aluation is a combination of high expectation and financial performance. not all the unicorns will have the performance necessary to exceed their private valuation. that is ok. venture capital is a small industry, roughly $50 billion the year invested in 2000 to 3000 companies. the world needs venture capital to take these risks and build companies. the reason is simple. we don't just build companies, we build industries. we build jobs and quite frankly, we build the future. the industry as a whole, unicorns are a tiny percentage of what is happening in venture capital and they are clustered around a few markets, predominately consumer tech and that. emily: you were in the thick of the last double. what is -- what makes this different would you say no , bubble right now? john: i don't think we are in a bubble. we are in a prolonged boom and there will be highs and lows certain companies and segments. the difference is in the word fundamental. when companies work now, they work extremel

emily: there are over a hundred unicorns valued at over $1 billion. is that fair?ot of these companies people are saying are raising money on an idea they haven't even executive on. on.xecuted john: for sure there will be disappointment. valuation is a combination of high expectation and financial performance. not all the unicorns will have the performance necessary to exceed their private valuation. that is ok. venture capital is actually a very small industry, roughly $50 billion a year invested in 2000 to 3000 companies. the world economy needs venture capital to take these risks and build companies. the reason is simple. we don't just build great companies, we at the venture capital industry build industries. we build jobs and quite frankly, we build the future. the industry as a whole, unicorns are a tiny percentage of what is happening in venture capital, and they are clustered around a few markets, predominately consumer tech and -- predominately in consumer tech. emily: you were in the sake of the last bubble. would you say we are in a -- not in a bubble ri

. >>> we keep hearing about unicorns.se private multi-billion dollar companies waiting in the initial public offering wings with lofty valuations. however higher valuations await them all, including uber, air bnb, and so many others that become ingrained in our lives before we even realize it. right now there's a frenzy in san francisco. i'm more afraid of getting hit by a speed ball. these prospective public companies scream hot, hot, hot. buttive to a ivtive i have to a whom? a man's got to low his own limitations. i recognize i don't know nearly as much as anyone in dreamforce, the conference where i'm broadcasting from in san francisco, when it comes to identifying winners and losers here. they're better qualified to identify which ones are part of a bubble and which are for real. but one thing i know is the stock market. this market is uniquely inhospitable to pretty much every single unicorn out there, with only a couple of exceptions. yet these venture capitalists can pontificate endlessly. but do they know anythin

on tech my interview valuations and unicorns.lus, a startup that helps investors get gadgets off of the ground is no more. details on the rise and fall of quirky. ♪ emily: welcome back. i am emily chang. i sat down with sam altman. ted, "i am more scared of unit economics than burn rates." money beforelose making money. that happened at facebook and google. that is ok. i worry about companies that are losing money and have no plan to make money. super-low-margin businesses that operate like they are high-margin, that is a problem. so, if you have the operating , but thef facebook margins of amazon, that is a problem. emily: what are your plans? >> to make a lot of money. this is like a lightbulb for people. takes 20 years and, eventually, it happens. it is ok to lose a lot of money up front and you can invest in growth. you have to have a plan to make lots of cash. this is the economic demand of shifts. why are so many investors getting in to on demand set ups? >> uber has burned more capital than any other startup ever. i do not

how could you not like unicorns? >> they shoot rainbows? >> i love unicorns. think what you should use for, like, debating actually, like against everyone, is that you should always bring up points that you know is true, and you know no other thing can do. >> very good point. last question to you, chase, because you -- president obama invited a kid with a clock to the white house. did that upset you? shouldn't you be invited? >> yes. but it's a respectful decision by the president. but charles, he's a very smart person. 14 years old, which is great. but why can't i go to the white house? >> yes. >> even though i can't make a homemade clock out of just wood. it's okay. i can still make a grilled cheese. >> that's fantastic. you know what, i would prefer a grilled cheese sandwich than a clock that looks kind of explosive. thank you, guys, and girls, you did a great job, as always. i'll see you after the next debate. it's for the democrats next time. >>> coming up, how did donald trump field an anti-muslim question at a town hall? not well. was it all a plant? i

emily: is this unicorn thing dangerous?rk about this, he said he thought people were more of you -- obsessed with being unicorns. sam: absolutely. companiesthe list of with over a billion dollar valuation, over half the value between 1 billion and 1.5 billion, a quarter were valued exactly at one billion. people are clearly obsessed with getting into this. they are will -- willing to put all weird structure on their terms to get there. i think if you are looking at the financial data, you would say some thing is amiss. there is some fraud going on or something. they do not fit the distribution. there is a huge desire to get right to one billion or just over, i don't care. --dumb.t is down emily: will come back to bite them? if you should've been worth 200 billion and you raised it, that will come back to bite you. emily: what is your advice? sam: we always say don't over optimize on an valuation. don't expect -- except messy terms. emily: sam altman, president of combinator.- y he is not shy about saying what he thinks. >>

this whole unicorn thing is becoming like a badge of honor. >> a horn of honor?mily: some of the concern we've heard from the skeptics is that startup scene to care more about their valuations and actually giving value to the customer. how do you separate the two? >> we are out to build important independent technology company for the long-term. when we went out to raise this round, we were worried about having a valuation that was too high because it puts pressure on you to have to grow into it. it restricts when you can actually go public. we thing going public is really putting the puck on the ice, so we are excited to move forward, build our company and go forward. emily: so you are worried about the valuation too high. i thought that only happened in silicon valley. did you take a lower valuation than some were offering? >> we wanted to make sure all the investors heard our story, that we are about connecting any theiry and empowering adoption of modern technology and telling that story and getting that awareness in the market as we eventually go public in t

france is learning the meaning of the unicorn. the mythical creature, unicorn is what you call the startup firm when the valuation passes $1 billion. that is what has happened to this french ridesharing firm, raising $200 million of investments as it seeks to expand. the funding means that the overall valuation has passed the magical threshold of $1 billion. it connects drivers with passengers who are willing to share the cost of a car right. we will get more on this story and speak to the founder and chief executive, joining us on the line. line to have you on the and congratulations on the funding round. federic: thank you. markus: you are president in 19 countries. what are you going to do with the extra money? frederic: we are going to invest in new territories, so among them, brazil and other countries in latin america, and asia. new investment is to spur growth and continue our international expansion. markus: you say you have about 20 million users at this stage. what kind of growth are you expecting? frederic: we have seen

they're not going to buy all of these unicorns.hat i say will happen is we'll have some unicorpses, essentially dead unicorns and i think we'll start to see a few of those in the next 12 months or so. >> you reference andreessen specifically who as you note has publicly said -- i guess it's different this time because software, in his words, continues to eat the world. has he responded to this and why do you think he's wrong? why not the possibility that he's right about this one? >> what i think is that he's right and that he's wrong. i think mark is incredibly intelligent. he knows what he's talking about. but it's not a winner-takes-all with everything. i think that there are -- everyone is running so quickly to get involved -- all these venture capitalists are running so quickly to get involved in the next big twitter or facebook or whatever it is that i think they're investing sometimes in some of the wrong things. i think as a result, there will be companies -- i say this in the article -- we rely today on google and facebook

it is the netherlands only unicorn, a technology company fight over $1 billion. processor for facebook, spotify. sandberg.r, sheryl a new headache for advertisers, the bolt let's users skip an entire commercial break. and over theumers top of viewing experience if they have not cut the cord yet. good to see you. i own two tivo boxes. i pay you every month. of interest ilict have disclosed. >> i watched bloomberg television all the time. we are even. cory: describe your business. people don't understand how much licensing revenue you get. >> we really have for businesses, patent licensing, substantial revenue. we serve about 70 cable operators around the world. we offer tivo as the overall service. we have a retail business, tivo bolt, which saves incredible time, new features. we have a data measurement business which measures second by second what people are watching and gives insight to the television experience. one thing we know is where that is going, audience non-ad supported services in droves. down 10%. cory: you see the raw data before anyone else has a

we turn to a unicorn that harnesses a power.hey are looking at augmented reality as a tool for search. >> it is an app that uses a camera and looks at things, making them come to life. ♪ creativityto make limitless. what we mean by that is it is ads. they are all about storytelling. all good ads are about storytelling. this is not just one dimensional, it is three-dimensional. that is the reason the engagement level is so high. if it is a dog, it will tell you the species of the dog. where is the nearest vet, what is the nutrition it needs. it will tell you all the trivia about the dog and where you could get the nearest dog food. the nearest dog-walking agency. it goes on. this behavior is not such, so simplistic. this is about discovery and finding things. there is a behavior with a blue shirt. you can usually type and get 10 results and you choose. i have seen that opportunity is really big. i do not want to lose out on this opportunity or the journey. emily chang: they have an estimated valuation of $1.5 billion. tomorrow, w

you can ask casual about these things that are maybe going to be the next big unicorn or die tomorrow he is right about the fundamental economics. this will come down to can you create a business that generates value for which you can make a profit? it can't work any other way. we know this capitalism. the challenge is that the cost to do all of those things has been falling steadily since cause mode. mobile helps a lot. clout helps a lot. analytics help a tremendous amount. things will be ordered for me that i didn't know i needed until they showed up at my door. emily: what about on-demand startups like instacart. isthe same time that uber seeing success? james: the challenge with on-demand businesses is they wait for you to realize you have a need to make it convenient to act on that need. ship. i love the james: the next phase is when somebody does the thinking to realize you need something before you need it. before you say i need the car the car is pulling out. that is machine learning. whoever nails that is not only going to get your dollar but probably your two dollars. you wi

why coming up. >>> but first, though, market volatility possibly hurting unicorns -- not those unicorns start-ups. that story's next. here at the td ameritrade trader group, they work all the time. sup jj? working hard? working 24/7 on mobile trader, rated #1 trading app in the app store. it lets you trade stocks, options, futures... even advanced orders. and it offers more charts than a lot of the other competitors do in desktop. you work so late. i guess you don't see your family very much? i see them all the time. did you finish your derivative pricing model, honey? for all the confidence you need. td ameritrade. you got this. when you're not confident your company's data is secure, the possibility of a breach can quickly become the only thing you think about. that's where at&t can help. at at&t we monitor our network traffic so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most. ♪ ♪ isn't it beautiful when things just come together? build a beautiful website with squarespace. >>> let's begin here with a market flash

emily: how many of these unicorns survive? >> maybe one third survive and want to get bought out and one third die. that is probably roughly the outcome. emily: maybe one third will survive. >> maybe not that many. if you look at historical ipo's they have to be turned toward profitability. the markets want to see growth but it does want to see that you have control so it will come down to which companies are able to operate in any environment and continue to get revenue. emily: i want to take a slight turn to uber, who are facing a class action lawsuit. from drivers in california. the is another twist in ongoing tussle between them. we did get a statement from over notng that we were surprised. one of the three main plaintiffs will not qualify. they will appeal the decision and there is no typical driver, the key question at issue. how big a setback is this? >> there are other proms to overcome than legal issues. it is not great for them when especially when the markets are resting. ultimately they are growing so fast that it

i'm not going to talk about rainbows and unicorns. in kentucky we prefer to talk about thoroughbreds. kentucky has had one of the truly successful and mostly problem-free experiences with the affordable care act in our exchange called connect. and our govern and his team deserve an awful lot of credit. we had a glitch the first morning of the operation of the exchange for about two hours, and access was limited. beyond that, we've been pretty much problem free. and our experience is that we have insured now more than 500,000 people under the affordable care act through our exchange and expansion of medicaid. in the two years of operation. and that's in a state of 4.4 million. we've reduced the uninsured rate by 50% statewide. in my district, we've reduced the uninsured rate by 81%. there are only slightly less than 20,000 uninsured citizens in my community of 750,000, which is a little less than 3% uninsured rate. so how's that happened? it's because of the outreach that we all talked about. connect had people in every county fair and

>> yes. >> you have gone from bitcoin to now unicorn. unico unicorn. you love the unicorns.ove them. >> i get on a thing. >> you do. you do. what happened to others? >> finished with. >> what about bitcoin? >> new news. that's why it's news. >> there is another debate between now and cnbc debate. without the internet i would probably be like a c student. internet essentials from comcast has brought low-cost high speed internet into the homes of hundreds of thousands of low-income families. it lets students do homework and study at home. so far more than two million people across america have benefitted. internet essentials is going to transform the lives of families. i see myself as maybe an entrepreneur. internet essentials from comcast. helping to bridge the digital divide. >>> we want to thank joe sullivan for joining us for the hour. so you think they should, but they won't, probably? >> right, right. close call. very close call. >> we appreciate it. talki inabout the debate, six democrats, sanders, hillary clinton, u.s. senator jim web and lincoln, and my prediction, it

how can y -- unicorns. >> ponies sound much better.n reality tv shows do you hear a young man or women saying i want a unicorn. they say i want a blue pony and we are going to name that blue pony blue pony. >> did you tie your own blow pie? >> i tied my own tie. >> let's talk about the debate. who do you think won and why? >> i think between two people chris christie and marco rubio. mostly the debate was made so they would fight each other. what it came down to is it had a plan for the future who has the most of out of what they were getting and how they were going to do it. >> how do you think the debate was moderated? >> it was moderateed by making the candidates fight each other and giving presidential quality america is looking for. >> it remind me do you remember a friend win high school or grae school gives you coulds sip like billy thinks your fat. he was sailing you know they don't like you donald trump. that gets everybody mad. >> what did you make of it? >> i thought carly fiorina was the best so far. donald trump i thought

emily: what happens to all of these unicorns and decacorns?any of these are horses masquerading? chris: i think there are naive investors with no discipline throwing out term sheets with nine figures with no diligence. i will give you an example. icahn investing in lyft -- his publicly stated rationale, if uber is worth $50, then lyft is worth $2. if you really look at this thing, it will not be a two horserace. lyft will not survive, and travis will never buy it. uber is a better company with better mass, better brand, higher quality of service. emily: you are an uber investor. chris: i am a huge uber investor, but i would be a bigger investor on that thesis alone. i would never buy lyft shares because they are never going to compete. emily: so icahn made a big mistake. chris: he made a big mistake. this is a winner take all game. and travis will take all. emily: will there be a downturn? chris: in silicon valley? emily: yes. chris: yes. it is kind of inevitable that the funders putting this money to work will not see it all back. emily: are

the first dead unicorn is already here.ll talk about that when angel investor daniel in just a moment. opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better investor. >>> i'm sharon eper southernson, and here's your cnbc news update at this hour. two students were killed, and two others and their bus driver were seriously injured after a bus crash in houston this morning. shorts say the bus crashed through the guardrail and then flipped over on its side before landing on the road below. four vehicles were involved. target coming up with instacard to test a home delivery service. they will be able to order perishables and household, pet,

unicorn for those that don't know, we're like a theme park for e-sports.nd e-sports are professional gaming tournaments and we allow people to bet on you know, video games and watch these video games, and win prizes and that sort of thing and the other thing is that ashton kutcher joined our round so having him on as an investor is exciting we have mark cuban and a number of other great investors as well. so it's a big announcement. we announced we brought on some partners to in our market place that are giving away products from companies like alien wear and hp. and gunnar optics, this company only started nine months ago, we've raised $10 million and we're cranking, so i'm super excited about where we're at. >> rahul, congratulations, we appreciate the insight on china and tech. talk to you soon. >>> ceo of uni corn and founder of microsoft ventures. >>> stocks selling off. trading off the lows of the session, dow down 289 points, the nasdaq negative for the year. but the next big catalyst for today's session could be the european close. we'll bring it t

it is not all rainbows and unicorns.t does this lead you to conclude about where the price of oil is headed? >> in the short term, we are headed lower at this point. >> how low? >> i've already called it below $40. we have gotten down there. the target is the lows we hit during the great recession, 32. theeen now and sometime in fourth quarter, i will see oil test that range by then of this year. >> talk to me about what is happening with u.s. production. windows u.s. shale hit its trough? this report saying u.s. production will fall by 385,000 barrels per day over the course of the next year. we've been expecting there to be this big glut and it hasn't happened yet. what is your outlook for u.s. production? stephen: it has happened to an extent. where the bulls got themselves into a pickle was the first quarter of this year when oil dropped to $40 a barrel. they said production would fall off. that did not occur because we had a rally in the second quarter. curve,k end of the prices did not come down with the drop in th

thatrn to a unicorn harnesses a power. pp that uses a camera and looks at things, making them come to life. i am the creator. limitless and creative. that is it isy ads. aboutare all u storytelling. it is three-dimensional. that is the reason the engagement level is so high. dog, it will tell you the species of the dog. trivia tell you all the about the dog and where you could get the nearest dog food. nearest dollar walking agency. agency.alking it goes on. this behavior is not such. and is about discovery finding things. a behavior with a blue shirt. [indiscernible] big. a really it would be a shame to miss out on the journey. they have an estimated valuation of $1.5 billion. tomorrow, will show you how virtual reality transforms the work out. up next, youtube plans to do twitch.one i will speak to the head of games next. emily chang: it is time for the number that tells a whole lot. this is how many apple iphone accounts have been breached. jailbrokenarget unauthorizedkes store purchases. it is the largest theft caused

. >> and how many unicorns are out there?ort of billion dollar companies who want to go public, but is there a window in which they are all looking, thinking, you know, the plan to go public now, and if we don't, we'll have to somehow find money in the private market, and can we fine the same type or amount of money? >> we have over a hundred unicorns right now, around the world, most sit in the u.s. the great news for unicorns, there's so much cash on sidelines right now, and so many continue to grab the cash to keep moving them along that even if our markets are slow and rocky and maybe they don't get out exactly in the time frame they want to, you know, if they need extra cashings it's out there. >> there's a piece in vanity fair about a bubble taking place in the unicorn economy, and all will go bust, which is what a bubble does. do you see that? >> i don't think so. the companies are more mature than the last tech bubble. that said, the great news is private funds are going into the companies right now, which is what sho

there you go. >> look, they can't be unique, unicorns are unique.unique. there's players in there not around, and a lot of the investors in these have to get used to something, the down round, which, in other instances is an ipo. >> when does the m&a kick? . i thought, for example, drop box, for example, not public, would be a great candidate for or a likely candidate for microsoft, a company you covered in the years. >> yeah. we've seen a substantial rise in m&a in the consumer internet sector. it's been greater this last year than in any in the last five years and expect to see a rise, especially in the private markets. >> mark, thank you. >> thanks, andrew. >> have you considered the trotting dead? >> the trotting dead? nice. >> joe likes the walking dead. >> great to see you. thank you for that one. >> you're welcome. >>> breaking news on the jobs front, private payroll data released, we have the numbers, and mark zandi up after the break. my name is mark amann. i'm a gas service rep for pg&e in san jose. as a gas service rep we are basically th

scarlet: i thought that unicorns were supposed to be rare. once upon a time. ♪ erik: welcome back. i am erik schatzker. and yourself? scarlet: i thought you were going to introduce me. erik: scarlet fu. scarlet: the number of mobile internet startups valued as over a million dollars, known as unicorns, has jumped over one third, which is bad news for venture capitalists wanting to cash in early. year,ing to cisco, last the mobile and mobile traffic was 30 times the size of the in 2000.bile internet they may need to wait longer to recoup their investments. it may be the cheapest time to buy a piece of shell. according to data compiled by bloomberg, the oil is sweetening the offer for bp. trading under $22 for a share. that is the lowest evaluation of shell since 2009. resuming strikes today. to airline has been forced cut half of its intercontinental flights. a dozen walkouts have been state over the last year and a half. they are unhappy with price cuts. erik: it has been a roller coaster ride for market investors and the volatility could be

emily: "the wall street journal had a piece today about unicorns. you probably have hedge funds and mutual funds investing in you somehow. they will feel the pinch when interest rates go up. could that affect things? guest: absolutely. i'm in the lending sector. we make personal consumer loans. we are at the bleeding edge aware interest rates could intersect with start up support. the consensus seems to be that rising interest rate environment, it is not like hedge fund money goes away, but i will say we should prepare for higher rates and pay higher costs for the debt instruments we take on. if anybody is out there now and you are in the middle of a venture debt financing or a commercial loan process you should seek to get that button.. emily: what about china? how does that affect things? dramaticll seeing volatility in chinese markets. guest: the volatility impacts us here and that is the more important thing. what we need, we need good markets and nonvolatile markets. to give everyone the confidence to continue investing in building. emily: how

it's not all rainbows and unicorns. what does this lead you to conclude about where the price of oil is headed? stephen: through the end of the year we are headed lower. we got to see a pullback in demand. olivia: how low? stephen: we've gotten down there. the next psychological target is the lows that we hit during the great recession, 3240. certainly between now and sometime into the fourth quarter, i would expect to see oil pass that $30 range by the end of this year. olivia: talk about what's happening with u.s. production. when does u.s. shale hit the trough? there's an iaea report out saying they think u.s. production is going to fall by at least 385,000 barrels per day. that's over the course of the next year. we have all been expecting there to be this big bloodletting in the oil patch in the u.s.. it hasn't happened yet. what is your outlook for u.s. production? stephen: it has happened to extend. where the bulls got themselves into a pickle was in the fourth quarter -- the first quarter of this year when oil d

system gaining traction with corporate giants like cisco and unicorns like spotify. all of that ahead on "bloomberg west." twitter shares are up almost 2% and the board meets to discuss its next ceo. we told you yesterday that jack dorsey is a front runner but he's already the ceo of square and investors want answers. in the three months and see search started, the stock has taken a hit, dropping 21%. in the meantime, twitter is restructuring its theme. his new title will be twitter's head of consumer products. will we get any more details today? sarah frier has been working this story with me. governancerate professor at the mit's sloan school of management. i'm going to start with my favorite tweet of the day -- a photo of twitter's headquarters saying is that a white puff of smoke, just like when the pope it announced. are we going to hear anything today? sarah: last time we had a critical board meeting when dick costolo was out-of-doors, it was announced a week after. it could be a few days before we hear anything. that case, nobody knew for sure. sara: there wer

he's a unicorn. he something we've never seen. kanye west, you know what? will never say bad about him. you know why? because he loves trump. john: when we come back, donald trump unfiltered. ♪ john: all right, now it is time to take a little trip straight to the donald's mouth. mark and i found ourselves fortunate enough to be bequeathed an audience with maximus himself. he had a lot to say. mark: because you have never run before, people are wondering how you will conduct yourself, will you run negative television ads as is common in politics? mr. trump: i'm not sure there will be that many ads. people know who i am. mark: will you run negative ads about your opponents? mr. trump: i might. i don't know. mark: finances, policy, personal? mr. trump: i would not do personal. held to: he should be account. he should be asked, as he was yesterday, how is he going to pay for it? mark: you have said that he seems low-energy. did you see that? mr. trump: he was a little bit better. john: and then the anchor babies. mr. trump: terrible. is the asian community furi

marc benioff says he thinks a lot of dead unicorns will be ahead. what does it look like on your side of the equation? marc: i think situation normal. these are startups. some of them are going to work well, some are not going to work at all. it makes sense to prepare for environment in which it is not as easy to make money. i think each company should figure out its own strategy. that's what we work with our companies to do. emily: the headline on sequoia is "rip good times." what does andreessen horowitz say? marc: be measured, be careful, but invest in growth. if anything, we tell companies to push forward. the companies that are doing well are going to do really well. emily: just a blip according to marc andreessen. one stock that is gaining is twitter, up 3.5%, back above its ipo price. this morning, one analyst upgraded his twitter rating from neutral to buy. he expects clarification on twitter search developments. i also ask marc andreessen who he thinks should become the next ceo of twitter. marc: i think if jack or ev ended up back in leade

emily: so much talk of unicorns, what is your take on what other companies are pursuing?it wrong to pursue a flashy ipo and what should companies be doing for the public good if they go the public route? yancey: no, i don't think it's wrong. i think from an entrepreneurial perspective you just have to be aware of what you are in it. for us, it is sustained long-term growth. we want to be a service that is around and we have often thought about operating as if we are a public trust. we have been a revenue model and we have operated in the black for the past five years. and we have shareholder investors that deeply believe in the things that we do. when you have that alignment at the management and investor level, you can make a choice like this. you can make a decision that certainly costs the company potential profits, but we believe it is in the long-term better interest. for an entrepreneur, it is important that you have that kind of alignment between the company and shareholders. we always wanted to do it quite differently, so we have been fortunate to have great inves

kaleidoscope. >> only in an orwellian obama world full of sprinkly fairy dust blown from atop his unicornake full credit. i should really thank my sarah palin refrigerator magnets. [ laughter ] well the deal the bonus didn't mention at the rally was that the u.s. can't just walk away from this agreement on our own. our international partners agreed to it too. what congress can do is make sure the international atomic agency, which will make sure iran complies with the agreement is fully funded. because if we just scrap the deal and go back to the way things were, it's only a matter of time until -- ♪ it's the end of the world as we know it ♪ >> seth: this has been "rally with trump and palin." we'll be right back with neil patrick harris! [ cheers and applause ] ♪ now that's a full weekend. ♪ join in and guess the five stops they made by tweeting #altimaweekendcontest for a chance to win your own weekend adventure! car radio: with our monday morning traffic report... so whgetting better dental checkups than me, i decided to go pro... with crest pro-health advanced. my mouth is getting hea

fresh also at unicorn status. genie: you learn something every day. france has unexpected concerns about the rate rise. stephen: american banks say as much as 70% of their staffs have never experienced an interest rate raise in their lives. veterans have been blocked -- brought in to help deal with the event. barclays conducted an internal review to discover who was there the last time there was a rate rise. expect the unexpected when janet yellen decides. genie: looking forward to it. thank you so much. time now for the press review. we are looking at weekly news magazines today with florence villa minogue -- florence villeminot. the world population -- rence: the right-wing magazine is. concerned about this demographic shock scheduled for -- is clearly concerned about this in a graphic shock scheduled for 2055. population,crisis, global warming -- it is a pretty ambitious program that "le point" is looking to carry out this week. genie: united nations celebrating its 70th birthday. florence: it seems like the organization is struggling just -- to sp