whatsapp is super popular. credit apple for taking the cues from whatsapp. they did it for a lot cheaper. cory is hitting on an important point. in the past, apple talked about themselves as the ecosystem and then the hardware piece. the services are the latest piece of that fabric and those are the things we heard about today. getting entrenched is important. >> is this laying the groundwork for iwatch? >> it is. for those that have been following tim cook's comments, he talked about new product categories in 2014. >> new product categories. have not had those yet. >> some people could interpret some of the stuff today as new product categories but on the services side, around the home and health, they did not check any of those boxes today. we continue to believe they will be doing more hardware updates. >> i wonder like some of these have been on the road map a long time like the touch id. surely, they knew they had problems with the touch id. if they rolled it out with 15 different banking apps and there were small problems, it would've made much bigger

whatsapp is going to be when the acquisition is done. >> it's a big? messenger becomes what facebook uses for payments, you .an't imagine a better canvas >> let's talk about the payments angle. working on a payments product that facebook has dabbled in but not quite worked out? >> the payments are quite different. the three really hot things for payments, mobile, messaging. >> john, you recruit for facebook. they talk about speaking with mark zuckerberg and being compelled. they had to pull out all the stops. zuckerberg is a guy that focuses on recruiting more than perhaps any other ceo on the planet. he is recruiting for hours the day before the most important day in the history of the company. he was recruiting executives the day of the ipo. if you can think about the type of executive that can pull something from david and this position, he's the perfect guy. >> it does not seem like there is a succession plan in place. >> he is reporting to ebay ceo, opening up who will take that place. what does thisng mean for me, but also a lot of incoming poten

. >> let's talk about the numbers, 200 million monthly active losers -- users but is not stillg whatsappnd there is confusion about what the relationship between facebook and whatsapp will be once the acquisition is done. >> it's a big question but you look at this incredible canvas. if messenger becomes with facebook uses for payments, you could not imagine a better canvas than 200 million actively -- active users with a desire to send money back and forth. it's an interesting opportunity. the potential that he could end up working on a payment product which facebook has dabbled in but it never worked? paypal is quite different. we are talking about the three hot things for facebook and the technology landscape. payments, mobile, messaging. for people to exchanging thatvia nmessage, that's huge and no one has tested yet. talked aboutus speaking with mark zuckerberg and being compelled. zuck had to pull out all the stops to get this type. is anyone in the world who can do this, it's mark zuckerberg. he focuses more on recruiting than any other ceo on the planet . the eve of their ipo, he

think we are in a unique period with certain companies in this transition to mobile, whatsapp is one of them. uber potentially one of them, figured out mobile they got scale, well ahead of their competitors on some really key metrics. now, surely there's a question whether they can fulfill their vision, if you are going to invest in a company, got to be based on the idea that maybe they can do it because of the momentum they have had up to this point. >> kevin, i'm a believer -- >> tough believe. you have to believe. tough believe. >> this is a complete belief investment, we are all along for the ride i believe there is such network affect with this thing, not clear there could ever be a true competitor, lift, halo, others out there. hard for those who jump in you have the taxi, drive theers become locked energy the passengers become locked in. >> this is not a company that's about as you mentioned in your piece, just about cars and drivers. this san urban logistics company and as more people move to urban centers, more people need things delivered, this company is very important. >>

you have whatsapp, the the message at the comes with your mobile phone, and you have -- apple has itswn message system. how you unify all of these so you don't end up getting stuck in network traffic? >> we don't like seeing ourselves as a messaging product. we are a family product. every feature we build is tying back into the concept of needing an online hub for your family and the features you use for a very small group of people are different from what you need for one you use with everyone. life360 will notify you every time your kid gets to school, every time your husband or partner leaves the office. our users are getting hundreds of notifications a month. it will only work within a small group setting and that focus is what is keeping our edge and growing even though we have guys like apple and whatsapp that have some parity with some of our features. >> thank you very much. chris hulls is the cofounder and chief executive of life360. we will talk about a crowd funding site that allows you to invest as little as $100 in real estate projects. we will be joined by the chief exec

wha whatsapp look silly. >> one potential winner from wwdc is microsoft. one blogger said the conference proves that microsoft has got the mojo these days and apple is looking old and stale. microsoft's new skype translation. >> i think microsoft does have their mojo back. i think you can easily see that. valuation is still reasonable. last quarter was outstanding. i'm had pressed they can replicate in the next quarter. if they come close, i do think much like apple, the wind is at the sails of microsoft now. >> karen what did you make of what was announced yesterday in terms of home automation and the health roads versus microsoft? >> i sort of agree with dan. that some of these apps are going to be -- the more you can get the ecosystem and the more they can get into every aspect of your life. every device, every aspect. i don't know exactly which ones are going to work. you know they're probably throws stuff out there that is not going to work. to me, i think apple is one of the winners out of the conference. >> and are you long? >> i am long. >> you are

it is acquiring messaging startup whatsapp. pilgrim's pride withdrew its proposal. tyson outbid them. headline, big inc. traded for the first time since spinning off from time. think we have the opportunity to super serve our customers in ways we have not done before because in time warner we were stuck in a box. properties iss essence magazine. and the author of the new book the man from essence, edward lewis joins me now. thank you for being here. let's start off with the time inc. situation. they areirony that spinning off their magazine and media business into a separate company. one was it like when you first got involved with time? they had a 49% stake in the company for a long time. into a i entered relationship with time in 2000, they agreed to sell 49%, and i agreed to retain 51%, and during that. time, when the deal was completed, we got to know each other. i got to realize the incredible resources they had. in 2004 they said they would like to buy the remaining 51%. it has been a wonderful association in terms of the growth that essence has experienced. ?

market that has been regulated for a long time -- >> talking about ubber. >> i was asking about whatsappry close valuations. so we can talk about both. so starting with uber, you know, an average -- on an average day uber makes about $50 on a single cab. overall that's about $20,000 a year. imagine they had say 100,000 cars out in the street, that's a billion dollars. would you pay $17 billion -- >> pay 17 times revenues? >> well, 17 -- no, that's -- >> pretty high multiple. >> 8.5 billion multiple. it's not insane. i mean some people for facebook makes 8 billion and valued at 160. >> it's growing very quickly. >> growing. >> opportunity for uber to grow well beyond what is the core business at this point? does seem there are a lot of investors who believe when you look at these models they can change and there's a lot more power in them conceivably than just all right, we're renting taxi cabs. >> even the taxicab business is not bad. i've seen a lot of models that say they would not sustain the pricing without moving to other. i think there is a lot of opportunity overseas and when you

it is interesting, he will not be leaving whatsapp, that is completely separate. they have 200 million monthly users, 12 billion messages shared every day. the numbers are enviable for any startup. >> i was on with trish regan when the news broke, and she was talking about carl icahn's take that the company should be split. with the faster growth of paypal, they might have had evaluation, but also much greater reward for the people that worked there. carl icahn made the point that by being part of ebay, it does not get the best and the brightest because that big lottery ticket the stock options is not as lucrative. and now david is going to a company that has the kind of growth we have seen out of facebook. >> i wonder if this is a big loss for paypal. should paypal be a separate company? a lot of the paypal mafia believe it should be. >> one of the things that david said in his facebook post, there's also a link on linkedin, he says that the team was so deep that paypal that not only was it a ton of people working there but the manager team was so strong that he

prepare that to whatsapp. to whatsapp.at it is not based on these pie-in-the-sky star of growth models, it is a little more grounded. and ironic for a company called rocket. >> imitation is the sincerest form of flattery. the does this say about german ipo market right now? >> it is heating up. this could be a sign that breaking through the sound barrier for berlin to have a big billion year exit. startup that is identified with a singular product. you always have to explain what rocket is when you are talking about it. it will mean something. we'll see whether or not that cash gets plowed back into the ecosystem, cash and expertise, and whether berlin takes off as a rival to london or silicon valley. it seems like that is a couple of years away, guide, if it ever happens. withast to come close london, let alone silicon valley. >> hans nichols joining us from berlin, thank you so much. >> >> next? let's talk about what is going on in china. overnighting data skewed by signs of strength. let's dig into the deta

whatsapp for $17 billion. it is the difference in what this company is. this company is an accelerator. it finds good ideas in the states or elsewhere and helps incubate them here in germany and latin america and asia. that is no small task. and say,challenge them you are just a clone, they always have the answer. yes, but. the but part of it is, it is very difficult translating consumer models to different cultures. because they are just doing copycats, that is why this valuation may be lower than some of the true innovators that have valuations that are off the charts. look at some of the companies that rocket has incubated. an ebay version here in germany. groupon, they sold that back to the founders. their version of uber is called easy taxi. they have one for amazon. eharmony as well. the typical model on this is that they have sold in some cases back to the original company. now they are taking it public and we will see how much demand there is for the 70 75 portfolio companies that rocket has. rocket has a hard time explaining it. is it private equ

it is acquiring messaging startup whatsapp. for $19 billion. offerson foods raised its for hill scheier brands, outbidding pilgrim's pride. $55 ams withdrew its share proposal. back to you. >> thank you very much, carol massar. another big headline, time inc. traded for the first time since spinning off from time. -- time warner. they saw their stock tall one percent. -- fall one percent. >> i think we have the opportunity to super serve our customers in ways we have not done before because in time warner we were stuck in a box. we are breaking out of that box today. >> one of time's properties is essence magazine. the cofounder and the author of the new book "the man from essence," edward lewis joins me now. thank you for being here. let's start off with the time inc. situation. it is an irony that they are spinning off their magazine and media business into a separate company and that is at the same time as your book comes out. what was it like when you first got involved with time? they had a 49% stake in the company for a long time. >> when

we asked him what he thinks about facebook's recent purchase of whatsapp. >> facebook is a place wheree are with our friends in meaningful ways and they are one of the other companies -- i forget the numbers, hundreds of millions of people communicating with their closest friends and family every day, i think facebook will be able to bring that into the product where one part will be communication, another part will be sharing photos, stories, and their lives through the core product. >> we turn now to the future of online education. at&t has teamed up with udacity to offer a new degree program focused on entry-level software skills. they say the new degree will be offered online, $200 per month. a paid internship at at&t is the payoff for graduates. the cofounder and ceo of udacity talked to us earlier today, he is also part of google glass. i started by asking him to explain exactly what a nano degree is. >> a very short degree, very focused, directly meant to employ the skills to find a job. at&t is the initial partner here. they are helping us to build these degrees, but they are a

so by tapping business users demand, the company hopes to get ahead of rivals such as whatsapp and 10 david marcus is jumping ship, joining facebook to head up the company's messenger service. he will be in charge of the app within facebook's site and the free mobile application but not whatsapp which facebook bought for $19 billion. >>> facebook may have let the cat out of the bag, accidentally releasing this screen shot of its new slingshot app which is supposedly its answer to snapchat. it appeared monday afternoon only to disappear hours later. >>> former u.s. secretary of state hillary clinton adds to speculation that the wife of president bill clinton is considering to run for the top job herself. hard choices, details clinton's regret at backing the iraq war. her attempt to mend fences with obama and some more personal revelations as well. in an interview with abc news, the former first lady reveals she and her husband left the white house, quote, not only dead broke but in debt. the couple reportedly struggled to pay for mortgages and their daughter's education. so we're askin

charles: after that, whatsapp deal, that reinvigorated people thinking there's a nugget we are missing. >> blackberry was huge globally, they cut on 40% of workforce. they are in the too big to fail bucket. charles: stopped them from selling assets to china. >> a lot invested in their success in the future. charles: there is, but i've got to tell you, i don't want to digress, remember the co-ceo, co-ceo's we wear the same clothes, that never works out. >> a lot of investors are thinking, the stocks that were once dead, i'm going hold onto them forever. i have clients that fall in love with stocks. blackberry is never going to get back to $144 a share. charles: if you buy today and it doubles to 19, you doubled your money. >> say you buy blackberry, would you continue to hold it or not? >> i would. charles: you would? >> absolutely. they have their supply chain in check, talking about fundamentals. supply chain is in check, they're folk using on making money now. >> i hope so. >> they are trying to be a solutions company. >> they are throwing stuff at the wall. >> why focus on it. nobod

we're going to talk about more about the competing threats from whats s wha whatsapp and glimpse.s interesting to how it sees itself evolving. >> yes, the anointed ones. the a.pple halo. how to play the news out of the conference, it tends to be down for the duration of the conference, but up a month or a week later. apple shares trading up more than 1% this morning. time to own the stock ahead of the split? and joining us, dan niles, founding partner with capital one partners. great to talk to you. good morning. >> good to be on. >> no surprises, no hardware announces at this. did anything strike you as entering? >> caller: from a use you are point of view, i have a mac, several ipads, iphones, et cetera. there were a lot of interesting things i think from my end. you can use your mac now as a phone. so that i thought was interesting, accept the call, use the speakerphone on that. i thought the icloud drive, where you can synchronize all documents across maces, that was great. so a lot of very cool features as a user. from an investor point of view, nothing great there. and to so

they are using twitter, facebook, whatsapp raising money for jihad. this stuff is not hard to find.out these companies? michael holmes, the co found over twitter said you have to take the good with the bad. do these companies have a responsibility not to post these videos on youtube? >> that good the bad comment is total bs. i see big red lights going off. there are editorial boards that exist everywhere and stuff hits the floor all the time because it doesn't pass muster. it doesn't have the intellectual content or match the story line they provide. you is to be kidding me that the co-founder of twitter thinks there is a good with the bad. he's got some moral dilemma. are you kidding me? he has to do his level best to cut that out and make it absolutely not available to be used. clearly, it's not going to be a complete panacea. but they need to work at this. i just -- i don't get it. i don't get this editorial freedom that he is speaking about. where else does that exist in medi media. >> you have google with do no evil and -- >> thanks, erin. >> the deal to swap five taliban comma

>> i want whatsapp from budweiser. >> it is going to be cheers. melissa: i like that one. my favorite, go ahead and reveal it. >> no. nope, never, never going to happen. it is genius. melissa: you guys are fantastic, thank you so much. it is the company that could save your career, or your kids college education, for that matter. find out how people are using money to give the social account a decent scrubbing. it is all about the money and embarrassing pictures. >> i am melissa francis with your fox business brief. general motors told dealers to stop shelling the chevy cruze from this year unless you because of a potential defect in the airbag. 33,000 vehicles made with faulty parts. gm says recalls are unlikely to continue. and it is looking grim for the marlborough man. phillip morris cut before your outlook after closing down operations in the netherlands and australia. the ceo says 2014 is proving to be a complex year due to challenges overseas be at americans are still using their money cautiously despite better income growth, figures on personal spending came in cli

. >> this is a sector, whether it's whatsapp or others, i'd stay away from it. >>> there's no love on wall street for a certain list of stocks. we'll tell you which of the most hated names are actually our traders' favorite contrarian plays. >>> and his father didn't teach him how to throw a baseball, but about how to be an activist investor. a special interview with both when we come back. just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where you can. so you can invest in the life that you want today. tap into the full power of your fidelity greenline. call or come in today for a free one-on-one review. >>> welcome back. in honor of father's day, we're celebrating dads who have made investing an all in the family affair. donald drabkins is here today with his son, matt, who runs an activist fund focusing on small cap stocks. great to have you both here. >> good to be here. >> been a long time coming. great to see you on the s

whatsapp is making its biggest ever to stay independent after being gobbled up by facebook. listen how they reto be a simulated. >>> there is no coming back from this journey. calls to go to mars are many could becoming louder and louder. one guy is planning to leave it all hine and never coming back. because when they say it's not it is always about money. melissa: all right. first up, get a quick check on the markets. the dow & s&p 500 on track to end the week with record closes following this morning's jobs report. fox business's jo ling kent. "wall street journal" simon constable and nyu associate professor, mark brennan. what did you think of the jobs report. market liked it. >> the market liked it and i think he liked it too. i suspect a lost service jobs and poorly paid or modestly paid and they need higher paying jobs. melissa: i did not like it. >> i did not like it. melissa: good for you. >> enough with complaining. we're six years into obama's rein of terror. we have only two more years. i have one if someone wants to hear it. melissa: go ahead. >> corporate tax r

and the cloud computing, apple is clearly behind and this was an attempt to catch up with the whatsapp of the world and dropbox. they want to have a fully between yourstem ipad and iphone, maybe even windows. here is tim cook describing the new operating system. if i receive a notification if i get one just then i can swipe across. i have actions, i can accept or decline this meeting. i will use the device, and laying some music here. just swipe down and i get access to my keyboard. i can type array there. i swipe to the side and i have access to all my favorites. i will launch the mail. i have a number of unread messages so let's work our way through. message with a dinner appointment. you notice -- company that has elegance, they switched to a coding system. , 13.oungest developer the new system got a lot of applause. they should have said make an app with this new code. >> this is supposed to be a conference for developers. i understand dr. dre might have made an appearance. >> he made a virtual appearance and cause -- asked what time he should show up for work. dr. dre gives it a l

, time warper, the companies need to get into content more, distribution more, see the facebook, whatsapp, $19 million. you know what impresses me, david an man dirk the fact that these are all blue chip deals, had pfizer, of course, going after astrazeneca, didn't work, blue chip stuff. much less lbo activity as compared to a few years ago. i think that speaks to some of the quality for the companies that are involved here. >> good point. thanks for pointing it out to us. thanks, bob pisani. >>> the supreme court dealing a major financial blow to government worker unions today. the ruling could have money, a big money impact on their bottom line and also for the future of campaign finance, going to dive right into that in just a second, david? >> first, the markets today, the last trading day of the quarter around and the end of the first half, given it is june 30th. time to break out second half playbook. which stocks should be you be betting october rest of the year? bring in michael kroften from philadelphia trust company and peter sorrentino from huntington asset advisers. thanks for

his current profile on facebook's whatsapp requests donations equal to 1,500 u.s.when we were in doha. he wouldn't meet with us but he denied the poster solicited money for donations. >> reporter: and when weed and why he used a picture of the planes hitting the world trade center on 9/11 in a tweet he replied the picture is everywhere on the internet. he told us we couldn't donate to his campaign right out in but would have to give to another charity approved by the qatar government. he also wouldn't tell us how much money he raised but in one tweet last summer he asks allah to bless the people of qatar for donating so much money. we don't know where the funds went but at one point the campaign worked with qatar's volunteer work center to raise money to help syrian refugees. the work center was supervised by the qatar government's minlinistry of culture. the minister declined our request for an interview. so how high up in the government in qatar does the support for islamic extremism go? >> these are decisions made at the top so qatar operates as a monarchy. its

. >> whatsapp is a great company and it's a great fit for us. >> with a mega deal pending, whatsapp isers their personal information is safe. and that it's not interested in launching ads. who will be next? find out when we reveal the 2014 cnbc disrupter 50. we're moving our company to new york state. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. so i can reach ally bank 24/7 but there are24/7branches?ork. i'm sorry- i'm just really reluctant to try new things. really? what's wrong with trying new things? you feel that in your muscles? yeah...i do... drink water. it's a long story. well, not having branches lets us give you great rates and service

diane, whatsapp? >> i think eric cantor probably did lose because of the immigration discussion. with the children coming in from the southern border and from , it iss and guatemala riling up the base. if they are really upset because all those children are coming in, people are worried about who will have to take care of them. they don't understand that extreme poverty and the lack of control contributes to the declaration of those children coming across the country like that. thoseation is one of things that trigger the voters to come out in a reactionary way. >> herald in missouri, a republican. what do you think about what was just said about immigration. is that the key issue tonight? >> i really think so. as far as this race goes. i think there will really be a complete overhaul of both parties. i think we need to get something done. on government is based compromise and there is no compromise. vote yes andns democrats vote no? all i can say is, democrats better get ready. >> i don't think it is just in richmond. it is all over the country. happy to hearbe about the news of