thank you for sharing your views with us on "bloomberg west." senatewill have judiciary's chuck grassley, ranking member there, his insight on today's testimony. you can watch us streaming on your phone, your tablet, and bloomberg.com. ♪ >> it is 26 minutes after the hour. that means bloomberg tv is on the markets. i am julie hyman. let's look at where stocks are trading today. we do have some gains here. i'll tell as better than estimated earnings. we are looking for the fed minutes in a little more than a half-hour. in terms of individual stocks, take a look at alcoa, just mentioned. earningofficially a top season. remember, it is not on the doubting the -- it is not on the dow anymore. addicting they will exceed production this year for the first time in nearly a -- predicting they will exceed production this year for the first time in nearly a decade. more on the markets in a half-hour. and you will get "bloomberg west ." ♪ >> you are watching "bloomberg in a" where we cover vision technology. i'm emily chang with cory johnson. comcast execu

stacy smith, thank you for joining us on "bloomberg west." >> my pleasure. >> from csi to movies like" jerry bruckheimer has seen great success. we are talking to the famous producer about his next project. that is still to come on "bloomberg west." ♪ >> welcome back. this is "bloomberg west." jerry bruckheimer is back with two sequels in the works. he has just reached a deal with paramount pictures for his "beverly hills cop" and "top gun" franchises. he is the subject of a new book. >> we put a lot of time and energy into making this look interesting and unusual. we try to put something special and different in what we do. that is important to us. in terms of where the movie business is going, you had a long run with disney and now you have this first look deal with paramount. you have talked about how disney is focused on its movies and you are focused on your movies and disney is doing a lot of superhero movies. is there going to be superhero fatigue at some point? >> i don't know. i saw the latest captain america and i thought it was great. everybody is cheering and laughing. it

thank you for joining us on bloomberg west. ch companies play a big role in protecting your data. >> tips and tricks that people can use to try to keep your identity safe and keep yourself safe or online. on your tablet and phone. and apple tv. ♪ >> welcome back to bloomberg west. i'm emily chang here with cory johnson. since all of the nsa issues, there have been a lot of questions about what we can do to make ourselves more secure. so we decided to take a closer look at that. it shows you what your risks are as a consumer and the business. target really reeling from this thing. biggest hacks in history. we have brian white with us to give us some of his tips and tricks to staying secure while online. where does this start? great you're is doing something like this because many of the problems we can solve by having consumers take control. and consumers understanding what their risk is and doing some prudent and necessary steps. sleep a littlen bit easier about the cyber risk that they read about every day. i think that is the

on android. you foraman, thank joining us today on bloomberg west. fans of the x-files will soon be able to watch more from creator chris carter but they will not be doing it on fox. is anw show, the actors, amazon original. the writer and director joins us next. ♪ >> i'm emily chang and this is "bloomberg west on your television, bloomberg.com, apple tv, and fire tv as well. we have been talking about the amazon fire tv announcement earlier this week they greenlight six new series providing original content for their streaming service, amazon prime. one show is "the after written by chris carter, the creator of "the x-files who joins us as some of the prime time coverage. for 10 years.tus why come for an amazon original? >> i had written something teat of years ago that i was excited about and it took me two years to bring it to the screen and amazon was the first who read it and loved it. that's why i'm in business. collected you shop it elsewhere, cable, netflix? -- >> did you shop it elsewhere? >> amazon responded immediately but the process has

that does it for us on "bloomberg west." we will be back at 3:00 p.m. pacific and 6:00 p.m.rn ♪ >> from bloomberg world headquarters in new york, i am mark crumpton. a special edition of quote bottom line." the federal open market committee has been meeting for the second time under janet yellen. in march, it announced further tapering of economic stimulus programs by cutting purchases to $25 billion and longer-term treasuries to $30 billion a month. to cut bys expected $10 billion total. the fomc releases its statement at exactly 2:00 p.m.. let's get you set up for the announcement. joining us is josh, an economist with bloomberg economics in our atlanta bureau. josh was with the new york fed, where he helped manage its $1 trillion mortgage backed securities portfolio. ira at credit suisse. bloomberg economics editor michael mckee. on the markets are julie hyman. thank you. let's start with you guys. what are we expecting? >> how about those mets? [laughter] thatng going on at the fed would leave you to believe they're going to make any policy change other than tweak their

so much forhank you joining us here on bloomberg west.e sure to stay with bloomberg all day today for our special taxing america programming. coming up, at the urban institute they will talk about the high seas for tax preparers. site the chinese commerce that goes public. they got a deal with the recent nasdaq selloff. next. ♪ >> welcome back to "bloomberg west." it has been a rough month for tech stocks, with the nasdaq dropping five percent, but that has not stopped companies from filing to go public. a chinese online cosmetics retailer is the latest. this while their cofounder and largest stakeholder said that they will not be selling shares after the may 5 lockup expires. , our bloomberg news ipo reporter, comes to us from new york. is this a good call for them? going for it? >> they could wait a few more months before pricing the shares in trading. allowave a few months to the markets to temper a bit, to allow tech stocks to rebound. this too soon to tell how will impact their pricing, but this is interesting timing for them, of cou

and for joining us on the special edition of "bloomberg west." azon is taking on netflix and apple with a new tv device. we will talk about the battle being waged in your living room. you can also watch us streaming on your tablet, phone, and on bloomberg.com. ♪ >> it is 26 minutes past the hour which means bloomberg tv is on the markets. stocks are losing some steam here to the downside. the nasdaq looking over into negative territory not long ago. the s&p giving of its gains for the day. the dow relatively flat. a couple unusual stocks that we are watching. shares taking off today bucking the trend of the market a decision from a panel on its inhalers to treat type one and type two diabetes. fda is not required to follow the advisers recommendations. back in 30 minutes. ♪ >> you are watching "bloomberg west" where we focus on technology and the future of business. when amazon launched its fire tv device today, it brought it into closer competition with apple and google. all three now offer internet connected gadgets for streaming video to a tv.

having youwhy i love on, you are not afraid to say what you really think. thank you for joining us today on "bloomberg westing to keep government eyes away from user data. we will tell you about the web company's latest move, next. ♪ >> you are watching bloomberg west where we focus on technology and the future of business. i'm emily chang. thering user data from prying eyes of government surveillance and other possible snoopers. in a blog post, the traffic moving between yahoo! data centers is now fully encrypted. yahoo! also made yahoo! mail the homepage and search more secure by making https encryption the default. tv will haveomberg an exclusive interview with defense secretary chuck hagel. you can catch the full interview at 6:00 a.m. eastern. in today's new hollywood, discovery communications is partnering with hollywood producers ron howard and brian grazer to form a new studio that will make short videos for online viewers. the venture is called new form. ceo davido discovery stanislav and producer ron howard in a bloomberg exclusive. why now was the right time to push into the digital game. >> our

. >> thank you so much for joining us here on bloomberg west.e will introduce you to winston, a cartoon from toy talk that interacts with children. that is next. ♪ >> i am emily chang. this is "bloomberg west." imagine a cartoon that actually engages in conversation with you. that is the innovative entertainment that toy talk has continued -- as created. the app brings characters to life listen and talk back to your kids. cob.s cofounded by oren ja i caught up with him and asked him how it works. lk works by building up two-way conversation with you and your family director. you talk through your mobile device using cloud-based recognition. we have had characters that can put you in a situation and will play with you, make-believe. every you are a doctor and they are a patient, a spaceman or alien. but in that situation, yes. you can playfully imagine what it is like to be an alien for real. >> show me what it is like. >> let's talk to labor -- to a bird. >> you can throw me out of the nest. you don't even know what this flying thing is you're -

he will be with us on a special edition of "bloomberg west." we will have a full hour focused on amazon primetime play. that is 1 p.m. eastern, 10 a.m. pacific tomorrow. it is april fools' day, so what tricks do some companies have up their sleeves? try not to get too distracted by all the april fools' day jokes out there. >> you have to read more carefully today than any other day. >> we will show you some of the best coming up. ♪ >> i am emily chang and this is "bloomberg west." streaming on your phone, tablet, and bloomberg.com. april fools' day is always a big day for the tech community. uber announced its latest product which is launching with the help of a footwear company. they say it is the most innovative product yet. the car made of cardboard uses no gas and it also a great workout >> that is great. it is like fred flintstone but lighter. >> wouldn't that be great, if it were true? >> what? >> they are un-inventing the wheel. >> you say that now until facebook buys it for $2 billion. >> this one was pretty awesome. richard branson and

you will be with us on a special edition of bloomberg west. that is 1 p.m. eastern, 10 a.m. pacific tomorrow. is april fools' day, so what tricks do some companies have up their sleeves? china to get too distracted by all the april fools' day jokes. >> yet the read more carefully today. >> that is coming up. ♪ lex i am emily chang and this is bloomberg west. april fools' day is always a big day for the tech community. uber announced its latest product which is launching with the help of a footwear company. they say the most innovative product yet. the car made of cardboard uses no gas in is also a great -- >> that is great. it is like fred flintstone but lighter. >> wouldn't that be great, if her were true? they are on inventing the wheel. nowou were saying that until facebook buys it for $2 million -- $2 billion. announcingbranson that we are all going to have climate onrsonal their plane. >> i would sign up for this. >> you can create a tropical climate. you can create at chicago climate. onen virgin, if you get million miles, you can go to his island but now you can just

one to us. thank you all for watching this addition of bloomberg west. see you later. ♪ >> this is the intersection of business and economics with a mainstream perspective. ukrainian troops move against pro-russian separatists. marking the first year anniversary of the boston marathon bombing. and a look at what is needed to fill vacancies at the federal reserve. to our viewers in the united states and to those of you joining us from around the world welcome, we have full coverage of the stories making headlines

bloomberg west." ♪ >> welcome back to "bloomberg west." microsoft is pulling the plug on windows xp support tomorrow. >> the most popular operating system ever. more people uset now than any operating system presently but with no support. use it and atm's they're worried about security issues because of this. tomorrow is the final security update for the operating system. how big a security risk will this be? let's bring in the lab director at cyber security management company. who still uses xp? >> 15% of internet users are still using windows xp. 18% globally and 13 in the u.s. countries likeo china, more than 50% of users are still using windows xp. i was reading data from microsoft outlook my mind. in the last 10 years, in china, 70% of the users never supply and security update or windows xp. the real threat we are facing is not that microsoft is ending support, it's about the laziness and stupidity of users. >> lazy and stupid users could suffer. i have this image of hundreds of hackers in eastern europe and gettinga rest ready to attack because of the vulnerability. >> they have been doing that for years. low usually go for the hanging fruit. microsof

one year since the boston marathon bombings. we going to look at how the city of boston is using technology to boost its security. ♪ >> you are watching the best of bloomberg west we focus on technology and the future of business. year after the boston marathon bombings we are looking at the technology that is helping to prevent crimes like this from happening in the future. this includes artificial intelligence, high-tech cameras and crowd source information. they analyzed social media postings to find the bombing suspects earing the investigation. they help the police to do this. they can pull real-time and pass data from twitter and facebook feeds, internet forms, mobile chat rooms and more. i spoke to the ceo about his open's involvement in last year's investigation how their helping law-enforcement agencies across the country today. >> our involvement actually predates the tragic events of last year up by about two years. the commissioner reached out to me after the 2011 london riots with the thesis that the boston police department should start actively monitoring social networks as a way of fighting crime. what happened in london is that different organi

one year since the boston marathon bombings. we going to look at how the city of boston is using technology to boost its security. ♪ >> you are watching the best of bloomberg west we focus on technology and the future of business. a year after the boston marathon bombings we are looking at the technology that is helping to prevent crimes like this from happening in the future. this includes artificial intelligence, high-tech cameras and crowd source information. they analyzed social media postings to find the bombing suspects earing the investigation. they help the police to do this. >> you are watching the best of bloomberg west where we focus on technology and the future of business. a year after the boston marathon bombings we are looking at the technology that is helping to prevent crimes like this from happening in the future. this includes artificial intelligence, high-tech cameras and crowd source information. they analyzed social media postings to find the bombing suspects earing the investigation. they help the police to do this. they can pull real-time and pass data from twitter and facebook feeds, internet forms, mobile chat rooms and more. i spoke t

on the league's bottom line? you can also watch us streaming on your tablet, phone, and on bloomberg.com. apple tv and amazon fire tv. ♪ >> i'm emily chang. this is "bloomberg westthe clippers in the playoff game on sunday but the match was overshadowed by recorded comments allegedly made by clippers owner donald sterling, to his girlfriend. take a listen to what he allegedly had to say. >> this is in response to a picture that the girlfriend posted on instagram of herself with nba great magic johnson. the comments were met by protests, not surprisingly. today announced it was ending its sponsorship of the team. joining me now is cory johnson and former nba tv president. he is currently the president of a media sports network. how do you expect us to impact the team in the short term and the long term? emily, i think you have to look at this in the way that the sports business works. the reality is, the sports is aess infrastructure very high fixed cost, high fixed expense business. so with player costs on the one hand, everything else that goes into the cost structure, essentially being fixed, and the revenue streams, whether they be local television, national

you can watch us streaming on your phone, tablet and on apple tv. ♪ >> i'm emily chang and this is "bloomberg westloomberg television streaming on your phone, tablet and on bloomberg.com. we have been talking all week long about education technology and startups changing schools onestartups are the only using technology to improve education. big tech companies are pouring money into devices and classrooms as well. poured 750mpanies million dollars into president obama effort in february and we've seen the old making investments in renaissance learning, a new -- i knew them well for my investing days. it's interesting to see these moves from the old new companies and old big companies looking at this market. >> news corp. also sees education technology as a big potential business opportunity. in 2011, the company launched amplify, and entire division devoted to tools for the classroom. joel klein joins us now from new york. he's the former chancellor of the new york city department of education. thank you so much for joining us. amplify has both hardware and software. tell us how it works. >> the h

on "bloomberg west," where i will be speaking with t-mobile ceo john legere himself. still ahead, the twitter ceo dick costolo. can twitter really become mainstream? it alreadyo thinks is. he will tell us, next. ♪ >> you're watching "bloomberg west," where we focus on technology and the future of business. i'm emily chang. rightr's future is according to twitter, but their stock is plunging. membership in the first quarter hit 255 million active users, -- but thatwed growth slowed. stock at its lowest level since it began trading last november, despite strong revenue growth. earlier today i spoke with twitter ceo dick costolo. a lot of people are questioning whether twitter can never be mainstream. he believes it already is mainstream. i asked him why. >> i think a lot of people think of twitter as the product or just the website, but the reality is twitter risen front of people around the world every all over tv.antly i was watching the adam silver announcement yesterday, the nba commissioner, and there were tweets under the announcement. a couple of days after the oscar, over 3 billion views of tweets just about the oscars on twitter and all the cross the web. web,int, on air, on the

one year since the boston marathon bombings. up next, we're going to look at how the city of boston is using technology to boost its security. ♪ >> you are watching "the best of bloomberg westre we focus on technology and the future of business. i'm emily chang. a year after the boston marathon bombings, we are looking at the technology that is helping to prevent crimes like this from happening in the future. this includes high-tech cameras, artificial intelligence and social media. social media analytics company can help this process. the can pull realtime data from chatrooms and more. i spoke with the ceo tim jones about his company's involvement in last year's investigation and how they're helping law enforcement agencies across the country today. >> our involvement predates the tragic events of last year by two years. they reached out to me after the london riots. what happened in london, gangs managed to move throughout the city of london, using social networks to communicate with each other. the boston please department was starting to actively monitor networks to fight crime. being prescient of the use of technology and crime, he reached out to us. in 2011 we started

bloomberg west." us, we are joined talking about apple. cory johnson is in new york. nster and crid yu also join us. are they trying to get more everyday people in onhe ground floor? .> i think that is part of it i think there is a side story were apple and google -- google change things up with the different share lasses --c la classes. apple is intensely competitive with google. in some ways, they are trying to some of the returns. i could understand why someone would say this is un-apple like. i like the fact that tim cook is being aggressive in doing something like this. >> we do know that tim cook had a meeting with carl icahn. icahn backed down. agreed with he apple's increased buyback and extremely pleased with the results. many analysts failed to understand the company. cory, i know you'll agree with the last part of the statement. do you think icahn knows more about the products that are becoming than the rest of us? to back down or stop rattling ing in thehold company. i think that is the point. like to not be a growth company? yeah. like to split the stock are going through a buyback. the increase in the buyback is the size of 3m. it is

us. we will keep our eye on facebook. coming up, uber is available in 100 cities around the world. we talked about this major milestone. ♪ >> this is "bloomberg westre our focus is on technology and the future of business. i am emily chang. in a statement, zynga says mark pincus will focus on his role as chairman. they have been appointing new executives to oversee zynga. they took a loss of $61 million as sales tumbled. and they launch in beijing. uber is available in 100 different cities now around the world. they have expanded to 35 countries and cities like abu dhabi, manila, santiago in just four years. thank you for joining us. i have lived in beijing. i know how hard it is to get a taxi. i know how hard it is for u.s. companies to operate in china. how did you guys get this done? what were the challenges? >> there have been challenges for a long time since we launched. and expertise in taking on these -- we have built and expertise in taking on these different dynamics. we are figuring out how to make it work. >> in china, what were the particular challenges? >> there are people who are very interested in how this business can help theirs.

one. x thank you for weighing in with us -- >> thank you for weighing in with us today. he is a designer and the latest to join kleiner perkins. and he is a guest next on "bloomberg west." ♪ >> i'm emily chang and this is "bloomberg west." spent a decade in research and then went on to be the president of rhode island school of design. he is with kleiner perkins and also the chair of the ebay design advisory council. john meada, our special guest this hour. thanks for joining me. i have been looking forward to this. >> me, too. >> how is he going so far? how do you like silicon valley and venture capital? it is amazing. i think the speed is so extraordinary that -- the people, the energy, it is intoxicating. >> how did kleiner perkins convince you? >> i was tracking a lot of designers going into venture. the ceo of air bnp. >> and i kept telling students to go be like them, and i felt a bit disingenuous that i was not going myself. so why not, i thought. >> what is it you're helping the company do? you are also sourcing investments. >> it is really strategic value design in company formation, company mission, and incubation. how to get design as early in the process a

us today on your first day of trading. appreciate you stopping by. we will be back with more after this break. ♪ >> this is "bloomberg west."ou are watching bloomberg tv. we are streaming live on your phone, tablet, and bloomberg.com. as we were just saying, weibo, partially owned by alibaba, has gone public. its shares are up. i just had a wide-ranging conversation with charles chao from the nasdaq. also making its trading debut, sabre, which operates travelocity. is this the right time for an ipo? joining me from new york is max wolf. these two taken together, both of them are up. weibo is at the low end of its range, even below that price. is this a reflection, leslie, that the window is closing? >> it is time. maybe temporarily. we have looked at every company that has gone public, and they either priced below the range or at the bottom and. that is a sign that the newly issued shares are getting a little big. that means that these companies will have to start pricing at the low end of the range to get the deal done. too much supply, you need to encourage investors to buy into these shares. max, is what we have seen ind

us streaming. ♪ >> i'm emily chang and this is "bloomberg west" on bloomberg television.gle buzz, google wave, google friend connect, all three social efforts by google that flopped. is google plus next? the head of google's social network is leaving the company after eight years. google says this does not signal the end of google plus. this has no impact or our google plus strategy. we have an incredibly talented team that will continue to build great experiences. michael kim joins us via skype from seattle. he worked with vick at microsoft to launch the cloud services and brad stone of bloomberg business week here in the studio who wrote in this week's issue a new story about google's and facebook's fight to control technology. why did vick leave? is google plus dying? >> google plus it continues to be important to google, photos, hangouts. those are growing products. they're being more integrated in android. the identity aspects are more in the search. the original promise of google plus as a social network didn't work out. we know that. no one is spending time there.

bloomberg west. you can catch us monday through friday at one :00 p.m. and 6:00 -- at 1:00 p.m.p.m. ♪ >> the following is a paid commercial program brought to you by prosvent. >> do you make frequent trips to the bathroom? suffer from urgency or hesitancy? do you get up more than once a night? can you even sit through a movie? or worse, have a diminished sex life? if so, chances are you have an enlarged prostate. 30 million men now suffer from an enlarged prostate.

one of the makers of a fitness app that is using samsung's biometric sensors. you can also on bloomberg television, streaming on your phone, your tablet, and bloomberg.com. and apple tv. ♪ "bloombergback to west >> i am well rested. >> good for you. >> i measured it. >> we are talking about fitness apps. samsung is turning to fit is biometrics to take on the competition. they've got a heart monitor and low sensors that monitor heart rate activity in many apps are plugging into that. >> i am all about these patches. >> i am not about them because i cannot handle having my life analyzed in that way. >> an interesting company has been going after this idea of how people understand their sleep and activity patterns and improve their health. there has been interesting twists and turns. you guys used to sell a thing that strapped on your arm to measure sleep. now you're built into this phone, tell me about that. >> on every single samsung s5 phone, you can have a personal coach that uses your phone as your activity tracker and then figures out what is the easiest way for you to be healthy and actually coaches you on your phone. >> show us how it works and tell us how it's different from all the oth

us. from tragedy to triumph -- she survived the boston marathon bombings and decided to follow her dreams of launching her own business. that is next on "bloomberg west >> welcome back to "bloomberg west." i'm emily chang. runners in boston are crossing the finish line in the city's first marathon since the deadly bombings last year. tech executive amanda north worked in technology for more than 30 years, inc. looting a stint at apple, but after surviving a marathon bombing, she decided to follow her dream and start her own company. ari leavy joins me now. this is such an inspiring story. tell us the basics. this is a woman who went to the marathon to cheer on her daughter and was injured in the race and decided to make a major life change. >> she was right by the first bomb, 15 feet away and ended up helping somebody who would ultimately lose her left leg. that person has credited amanda for helping her save her life. it was after the madness that amanda and her daughter reconnected. they were not able to reach each other. they didn't know if the other was alive or was ok. it took all to various family members and when that did happen and they spoke

on sale today. thank you. william shatner will be joining us. are you star trek fans? >> i was. his priceline ads continue to be briel -- his priceline has continued to be hilarious. >> i'm emily. this is bloomberg westeaming on your tablet bloomberg.com. rent the runway, the members only fashion site, is on a tear, growing and expanding, opening a brick-and-mortar store. we caught up with jennifer the companyking how is harvesting mobile shopping. >> our mobile business has exploded since we launched our at. for two percent of traffic is going through mobile. the engagement is seven-10 times the engagement of people who are just on the web. we see it as a browsing platform. it is easy between meetings to just daydream about dresses and excess threes for five minutes. , a other think we see it is seamless way to track your order. women are going on and figure it out when is my order going to show up at my house. locations. to retail how do you balance the physical retail side versus the online side of the business? >> our customer is this go-getter woman. she is using different channels for different things. our retail stores are interesting places, which we billed as technology first stores. a woman

you can watch us streaming on your phone, tablet, and bloomberg.com and apple tv. ♪ >> you are watching "bloomberg westwe focus on technology and the future of business. aereo has made its arguments at the supreme court today where traditional broadcasters are challenging the live tv streaming company, but how does this technology behind aereo really work? jon erlichman went inside aereo to find out. >> at this manufacturing facility in salem, new hampshire, machines are assembling hardware. this is the aereo antenna. >> we have found a great design and did a lot of work on it. we have achieved great performance for the size. >> aereo give us an inside look at the busy factory where the final product comes together -- product that is revolutionizing the way we watch broadcast tv. when you see how the technology works, it is different than using old-fashioned rabbit ears. each antenna is rented to an individual subscriber, but the antenna is not mounted on top of the tv. they are stacked on boards and then slide into a box that can accommodate thousands of antennas and mounted on rented rooftops in citi

bloomberg west" twice each day. only on bloomberg. coming up, a global outlook. we will get reaction to the international monetary fund's world economic outlook. usn just a joins moment. ♪ >> welcome back. this is "bottom line" on bloomberg television. i'm mark crumpton. to washington where the international monetary fund cut its global growth forecast in his newly released world economic outlook report. my colleague, yang yang, is in washington with more on that story. good afternoon. >> good afternoon, mark. yes, indeed, the imf has trimmed its global economic growth -- prediction, but only by a 10th of a percent. it is down slightly from its 3.7% production in january to 3.6%, but up from last year's growth of only three percent. next year's expansion is expected to accelerate to 3.9%, unchanged from the prior forecast. the new outlook comes just days before the official kickoff of the imf world spring meeting on friday in washington. the overall report is stronger, unevenble global -- global recovery with weaker markets in brazil and japan. the u.s. was singled out as providing a major impulse to global growth, and as the strongest of the adv

us all about it. >> welcome back to "the best of bloomberg west." i'm emily chang. intel's transition from pc to mobile is a sign of progress. the world's largest chipmaker reported a onecent rise in revenue. >> it is really how we think about our business and it is how we have organized the company. what is different about our business today is that we shipped into a broad range of devices. we have a healthy business in the pc, but we did 5 million tablets in the first quarter. we are fighting to win designs in phones. >> everybody is talking about the internet of things right now. wristbandought a health tracking device. how big do you think these things are going to be? >> i have worn a wristband. i try not to do that on tv. the internet of things business is a broad business. it ranges from infotainment devices in your house to devices in factories. then there is a new category of wearables that is emerging. business that is well over $2 billion. we are off working with customers in the wearables space. we're doing a lot in experimentation. we are making investments. i don't know how it will play out or who's going to win, but we are there early and our intent is t

one of the biggest online media sites in the world, so why would she encourage people to disconnect from their technology? arianna huffington will be with us later this hour. >> welcome back to "bloomberg west i'm emily chang. amar'e stoudemire has real hopes beyond basketball. relatively media is best known for its movies and tv shows, but is also home to one of the largest sports agencies. jon erlichman is with us from l.a. >> here in hollywood, athletes are becoming a more important part of the agency story. we recently saw wme buy img. you are talking about a company with a sports agency, and also has movies and tv shows, opening up the doors for someone like amar'e stoudemire. >> i am a behind-the-cameras type of guy. i do like to produce. if there are great opportunities for me to get involved in the film world, i would think about it. >> a lot of people do not know, he was one of the producers of "rock of ages." >> do you hear about the movie business being this big money pit? are you looking at places where you can be investing, building on your career? what do you think about the film business? >> you want to be smart about what you are doing. you do not want to do too much. pick y

you can watch us streaming on your tablet, your phone, bloomberg.com, apple tv and fire tv. ♪ >> welcome back to the best of "bloomberg westthe former president of rhode island design, john maeda has had a long and successful career at the intersection of technology and art. that can sometimes get that can sometimes get complicated. i asked him how his expertise influences his everyday taste. >> i was in tokyo for while. i was part of the swiss typography mob. it was a double fanaticism. that is making things perfect on a page. i was in that cult. then i broke out of it. 1994. i went british style. british style is free. >> so you let go? >> a lot. >> what apps are on your phone? do you focus on the best collection of apps? >> i like to know the design is not just an aesthetic experience. it can be an off-road experience. those are all examples of good design. i might like the solar app because of the great way to look at weather, it feels like a rothko painting. i like the junkiness of snapchat. you get the combinations. it's like fried chicken and expensive food. >> we are back to balance. what about clothes? steve jobs

us today. more "street smart" after this. ♪ -- siliconyou the valley is debuting on sunday and bloomberg west got a sneak peek with tech execsve the dream and real life. take a look at this. >> apps, software, websites. it dead on. it really is eric schmidt. >> if you want to live here, you've got to deliver. like steve. jobs are wozniak? >> jobs is a poser. he didn't even write code. >> i think steve jobs is amazing. wozniak was the engineer that created the apple, right? >> you can totally imagine a couple of engineers having that discussion. >> $100,000 for 10% of your company. >> can you imagine zuckerberg million dollars, ok, $19 million? exit the arbitrariness of it is dead on. >> we construct elegant hierarchies. >> changing the world by making enterprise software. i think all of us feel a little older when that happens. >> bit too. it's like alphabet soup but with ones and zeros. >> it makes you cringe. something that mike judge is brilliant at. >> i'm in. not just about the geeks, but the colorful billionaire characters. i know that you spoke with a lot of the men behind the show that why it is people have such a cu

bloomberg west where we focus on technology and the future of business. i'm emily chang. your technology means new security threats. social media sites push use more personal information than ever before. coffee makers and washing machines are constantly looking get about our daily habits. how can you be security savvy? brian white joins me here in the studio with his tips for protecting yourself when using social media and smart devices in your home. this is a personal curiosity of mine because i also want to try out the latest in technology. ,hen it comes to social media are we less or more secure? >> we have to be careful in what we do. you're putting so much information about yourself available to the public. people look for that information and they're looking to hire you and some people post where they are, when they go on vacation and you are basically putting a dossier on yourself out to the public. >> once a photo is posted, it's always online. >> it is always online. it is very difficult to ever take away. >> what about in private social networks? >> it indicates it is going to be better, but it's going to be very difficult for you

one. >> keep us up-to-date. the founder of the polaroid fotobar. life.ictures in real imagine. thanks for "taking stock." i'm pimm fox. goodnight. ♪ . >> live from pier 3 in san francisco, welcome to "bloomberg wester innovation, technology, and the future of business. i am cory johnson. bloom.eline is in full the latest 2 companies are grubhub and opower. they take aim. let's check in with top headlines. ,he so-called twitter of china a price range of its ipo. the company will sell 20 million shares.

on "bloomberg west." one of the leading providers for retirement services for teachers for $6 billion creating a firm with $800 billion under management. cristina alesci has been working on this breaking story. tell usout. >> the buyer is an investor in madison dearborn which owns nuveen. there is a long-standing relationship. itself like there were a couple of phone calls in the beginning that kicked off the larger discussion. it was not a full auction process deal. this is a deal between two parties that went exclusive quickly. iaa, it makes it a much bigger player in the industry. it also gives them new products to sell. is a revenue synergy story. >> does this mean there is more dealmaking going on in the financial world? has been down since the financial crisis. we could see a pickup. nothing of this size to my knowledge in the pipeline. a lot of people are talking how bill gross decides to go forward. smaller deals in the pipeline. barclays is selling its index business. those are smaller deals. this one will move the needle. as for madison dearborn, is coming out of this flat. it bought this business at the height of the financial crisis. >> thank you. we are just a few minutes away from the

on the west coast so he could be with us. >> coming up, a surprise jump in durable goods orders last month. we will see what that means for america's factories. you are watching "market makers" on bloomberg tv. ♪ aret looks like companies finally spending again. a strong durable goods report this morning show that they are replacing equipment that in some cases is more than a decade old. that is good news for manufacturers and maybe for the rest of us as well. our economics editor michael mckee is excited about it. mike, excite the rest of us. >> well, i was as excited as in a room full of investment bankers. >> investment makers can excite me. >> all right, then derivatives. this is what we really care about. capital goods spending. you take about defense, and that was up, the trend seems to be changing, and here's why that is important -- we spent tons of money gas companies did, in the 1990's, biting computers, getting into the internet, doing all that kind of stuff. then it fell off. and after the recession of 2001, as you can see, that line goes way down. years in which investment spending contracted, and what that left us with -- a very old infrastructure in business. the stuff tha