emily: unarmed? kim: completely unarmed. emily: what did they take? kim: thousands of servers, offline, that hosted the data of millions of users that have used our web services. emily: most of your assets are still frozen. kim: they are now saying everything they have seized here now belongs to the u.s. government. emily: i know you have said you are broke. would you call yourself broke now? kim: we recently had a judgment from the court releasing $4.6 million for legal fees and living expenses. so at the moment, if that judgment is not appealed, financially, i am in a better position now than i was a couple of weeks ago. emily: have you thought about moving to a cheaper place? kim: yeah, but that would also mean -- it is kind of my last stand, fighting for my castle, for my home. you know, i am also trying to send a message to them and show them i am not going to fold over. you know, that i am going to fight back. emily: right now you are wanted by the u.s. government in the biggest copyright case in history. the charges include racketeering, money

emily: oh really? tony: he called me and said "what is all this, you're recruiting from my talent" -- i said, steve, i'm not recruiting anyone, they are coming to us. maybe you have to make sure you retain your employees better. [laughter] and that was it. and then we have the niceties on the phone. there were times, like i said, the love-hate relationship. emily: what would steve say about apple if he was here today? tony: i think he would be incredibly pleased. he said the iphone would be the his legacy product that would live beyond him. right? and the iphone is that. that legacy product is going to take apple for at least another decade or two decades, right? emily: you are not wearing your apple watch, but what do you think so far? tony: i think they did a brilliant job with the hardware. in terms of the changeable bands. i ran out and bought all sorts kinds of different bands. from a software persepective, i think it's early days. great products become great after iteration. it's just getting sta

emily: but does not like? anne: i think sergey and larry, they did not start it as they wanted money. they had the dream of having a world of information on their laptop. they could have sold the company and then be professors and life would've been good as well. i would complain to larry about the health care space and how much i felt like it was dysfunctional. you're either part of the solution or part of the problem. that was very much them. fix it. emily: he was predisposed to parkinson's disease. that became a critical part of the story of 23andme and how you communicated what you were trying to achieve. anne: it came out just around the time that we were starting 23andme. we were talking about getting him tested. i was talked out of it. they told me, what would you do with the information? i found that really offensive. how dare you tell me what information is valuable for me. it was convenient that we had a spectacular science team. they put the mutations we were looking for on the chip. i was looking a

emily: like? troy: ai and vr. when artists can scale themselves by doing -- instead of having to go out and beat your body up by doing 120 shows over a four or five month time span when you can do 120 shows in one night, because of ai and vr, and you can create this sort of real experience, where you don't have to be there in the flesh -- that is a brand-new revenue stream that never existed before. emily: what is next for troy carter? troy: you know what, we are having fun right now. and also, just a future of support and entrepreneurs and artists. emily: troy carter, entrepreneur accelerator. i really like that. troy, thank you so much for doing this. troy: thank you for having me. ♪ >> no world today as well. not everyone shares in this well. today, young business leaders are challenging this. changing the way we think about money, it's power, and its purpose. this is a new generation. this is the new philanthropy.

emily: like? troy: ai and vr. when artists can scale themselves by doing -- instead of having to go out and beat your body up by doing 120 shows over a four or five month time span when you can do 120 shows in one night, because of ai and vr, and you can create this sort of real experience, where you don't have to be there in the flesh -- that is a brand-new revenue stream that never existed before. emily: what is next for troy carter? troy: you know what, we are having fun right now. and also, just a future of support and entrepreneurs and artists. emily: troy carter, entrepreneur accelerator. i really like that. troy, thank you so much for doing this. troy: thank you for having me. ♪ >> welcome to businessweek. >> coming up, our cover story. where oil goes, so the world goes. >> sumner redstone leaving behind i wait. >> and a company named cu you want high functioning rear. we go behind the scenes of the latest issue of bloomberg businessweek. right here on bloomberg television.

emily: thank you. breaking overnight, apple will fight a federal order to help crack the encryption on the phone of one of the san bernardino shooters. the fbi has been trying to get into his encrypted iphone for two months, and apple claims it can' t help. a judge ordered the company to supply software to bypass a self-destruct feature on the phone. he and his wife killed 14 people and later died in a shootout with police. randy: 10 minutes after 5:00, a new way to get away. emily: a historic deal opening up new travel options for americans. plus, pregnant women can overdo one healthy food. the diet choose that might have repercussions for the baby. randy: wasting money in the winter. three cold-weather pitfalls that erika: we are following two breaking stories this morning -- sera congi is on the scene of a deadly shooting in randolph, a man shot and killed outside a bar. and a new panel fell off a subway car last night. two trains ran over it, leading to this smoky scene. luckily, no one was hurt. c

emily: where did it end? tony: it ended at literally -- we are going to do this, and tony, we want you to lead it. i had been in other executive presentations, where it was like, oh, it will take four months to decide, or whatever, -- it was, no. from the beginning of the meeting, he was fully engaged, to the end of it, ok, commit and we are going to do it. emily: we are going to take on sony? tony: i said we have to deal with sony. he's like, we're going to get sony. i'm like, but sony is number one in every audio category, in the world for personal audio. how are we going to beat it? he is like, no, we're going to do it. emily: you have become known as the godfather of the ipod. which, in a way, makes you the father of the entire product line. the ipod, the iphone, the ipad, maybe the watch. [laughter] but really, the ipod itself had such a dramatic impact on everything that apple has done since. tony: it was a big turning point, going from computers to consumer electronics, for the company. emily: what was

emily: will it be tough? chuck: we were asked, would it be safe to assume you have prudent guidance? we agreed with that word. we assumed what we felt in the first three weeks might continue through the corridor. we modeled that out and extended our range more so than normal. usually we give two points. this time we gave three points. that was reflective of the uncertainty. if it gets better, that is great. if it deteriorates, that is another issue. emily: in terms of an economic slowdown in places like china and india where you have big business, what trends do you see that are different than the united states? chuck: the value of our portfolio is diversity. across technology. switching was down, routing was out. we had service provider strong when the global enterprise was weaker. on a geographic basis, we saw some challenges in the u.s. at a time where china strengthened and a great performance out of india. two reasons. in india we have engaged with government leaders on a digitization strategy. john cham

emily: really? the question i was going to ask is, how do you get on the top list for every entrepreneur? steve: in the sectors that have 18 different firms that are well known, pursuing the same sector, it is like a dog fight. when we were first investing in space, there was that no one else that was saying they were investing in space. so what i try to do is be visible and vocal. and then they find us. we don't need the same sort of infrastructure to track down the opportunities to compete with everyone else. in fact, i think a venture firm is ideally a small team of five to seven people, no more. i think in almost every endeavor, whether it is creativity, or decision-making, or a state of ambiguity is needed, the moment you go beyond seven, you are less effective. emily: so what is next for steve jurvetson? steve: i think you will find me learning. one of our companies is working on to reengineer cakes. we want to harvest organs for humans by changing the immune system of a pig to be like a human

emily: really? the question i was going to ask is, how do you get on the top list for every entrepreneur? steve: in the sectors that have 18 different firms that are well known, pursuing the same sector, it is like a dog fight. when were first investing in space, there was that no one else that was saying they were investing in space. so what i try to do is be visible and vocal. and then they find us. we don't need the same sort of infrastructure to track down the opportunities to compete with everyone else. in fact, i think a venture firm is ideally a small team of five to seven people, no more. i think in almost every endeavor, whether it is creativity, or decision-making, or a state of ambiguity is needed, the moment you go beyond seven, you are less effective. emily: so what is next for steve jurvetson? steve: i think you will find me learning. one of our companies is working on to reengineer cakes. we want to harvest organs for humans by changing the immune system of a pig to be like a human so

emily: he is so controversial. sir michael: controversial -- have you met anyone who is not controversial that has done interesting things? emily: having known three decades of leaders in silicon valley, do you think you have to be arrogant to be successful? sir michael: four decades. emily: four decades. excuse me. sir michael: lots of leaders have to make decisions about going in directions that may be is not popular in the organization. and sometimes, it spills over into arrogance. i'm different from how i was in my 20's. bill gates, who is in his 50's, is very different from what he was in his 20's. everybody learns a lot in their pursuit. so, the understandable energy and enthusiasm sometimes spills over to arrogance, and some people in their 20's tend to get softened over time. emily: you wrote this book before jack dorsey was named ceo of twitter. and you say the only silicon valley company that grew from "strength to strength," as you say, as it swapped ceo's, was intel in their first 30 years. so, do you t

emily? emily: what more will or can kur oda-san do? analysts are saying they will have to do something, whether that is more rhetoric, or outright currency intervention. that is up in the art. david bloom thinks they could be forced to cut rates further. bank of america is saying officials will try to talk down investors from pushing that exchange rate too far. the experiment is turning out to be a failure. it was meant to fight in inflation and instead the yen has surged by 8%. it is unclear what policymakers have left in their toolbox. emily: all right. thanks so much. global news 24 hours a day powered by our journalists around the world. from the bloomberg newsroom, i am emily chang. ♪ now to cisco. shares are up 10% today, extending a gain after they reported a 2% increase in revenue. at the same time, they added $15 billion to the share by voc program and chuck robbins said cisco was able to deliver a despite a challenging environment and he does not think there is any sort of panic in regards to the sliding global stocks. he j

. ♪ emily: i'm emily clang and this is "bloomberg west." coming up, apple gets lukewarm support from the tech industry in its standoff with the f.b.i. what is really driving the in -- encryption debate? plus i -- what if the san bernardino shooter had been using an and roid instead of apple? and can set top boxes handle even more competition? we will ask the experts. emily: apple is still in the spotlight two days after opposing court orders to unlock the iphone of the san bernardino shooter. reaction from the tech industry has been polluted, with calls for more debate and states of broad agreement that companies shouldn't be forced to create so-called back doors in their products. google tweeted that it could set a troubling precedent. adon, book company, am microsoft and twitter declined to comment. is apple's stand putting other tech companies in an uncomfortable situation? many companies while publicly allying themselves with apple do in fact comply with requests for official -- official requests for information. i put this to hiroshi l

emily: seven days a week? reid: yes. emily: you have had so many wins already. why do you do all of this? reid: thea way i think about it like how do you have a life that you are proud about having lived it? you think that what you did in the world was worth it. emily: you think about steve jobs at apple and mark zuckerberg at facebook and larry and sergei at google. is there a magic than the founder brings that would be lost if you weren't here? reid: i think so. every founder is useful, because of that vision, commitment, that willingness to take bold risks. emily: you joined greylock as a partner in 2009, and you have a unique investment philosophy. the best companies to invest in are actually the companies you do not agree on. reid: most people think the way that a venture partnership works is everyone votes on a deal and when everyone says yes, this is a good deal, then that is a deal that happens. the best deals are when everyone not when everyone votes, yes, i would do the deal, too. the really bold deals that transform industries are the ones that initia

emily: gillette stadium is of patriots games. starting march 12, all spectators entering the foxborough stadium will undergo the same security that patriots fans do. only clear, plastic bags will be allowed and small clutches. no backpacks or large pocketbooks. the b' s put an end to their at home losing streak. david pastrnak had two goals, including his first career made penalty shot. jimmy hayes, landon ferraro and brad marchand also scored for the bruins. they top the pittsburgh penguins 5-1. the b' s head to north carolina to take on the hurricanes tomorrow night. a feeding frenzy in cape cod bay. the center for coastal studies captured these aerial snapshots of nine right whales in cape cod bay, they shared the images on their facebook page. the director of the whale program says the rare marine mammals tend to feed close enough to see from shore. randy: a golden retriever pup dumped in the trash after start a new life in arizona. the two-year-old was rescued in south korea. she was treated, and given physical therapy. now

. ♪ emily: i'm emily chang and this is "bloomberg west." coming up, tim armstrong and yahoo!. what it will stand to gain or lose. plunging to the lowest level since 2012, the company announces a departure of the cfo. the struggling online customer reviews site, what kind of reboot of the need? india delivers a devastating blow to mark zuckerberg's free internet plan for the nation. we will debate the net neutrality ruling coming up. first, to our lead. has yahoo! found its first serious suitor? we have seen signs of the legacy member opening to selling, despite ceo marissa mayer's attempt to turn the company around. no former offer has been made yet, but verizon has said to have given aol ceo tim armstrong a lead role in exploring a possible deal. joining me now to discuss, president of aol content and consumer brown's -- brands jimmy maymann. what is your reaction to this story, that tim armstrong has been given some sort of a directive to look into buying yahoo!? jimmy: my reaction is there are a lot of similarities between yahoo! and our business. i think it is a conversati

emily: on valentine's day. chad: so romantic. emily: describe the last 10 years. chad: for me, it has surpassed all of my expectations. we were really simply trying to solve a problem for ourselves and our friends. how do you share videos that were sitting on your desktop? and just by observing our own problems and coming up with a simple way to re-encode these videos and allow people to share these videos on the web, it kind of unlocked the potential for everyone else as well. emily: the very first video on youtube really was one of you guys going to the zoo. [video clip] >> the cool thing about these guys is that they have really, really, really long trunks. chad: it's not a cat video, but it's not bad. [laughter] emily: 18 million views. almost 19 million views. chad: really, that video and many others, we were uploading internally to test the system. and yeah, shortly after that, we started receiving quite a few other uploads from around the world. emily: who is that? chad: that's jawed, one of the three of us that started the site. there is also steve chen. u

emily: 5:00 a.m.

emily: like? troy: ai and vr. when artists can scale themselves by doing -- instead of having to go out and beat your body up by doing 120 shows over a four or five month time span when you can do 120 shows in one night, because of ai and vr, and you can create this sort of real experience, where you don't have to be there in the flesh -- that is a brand-new revenue stream that never existed before. emily: what is next for troy carter? troy: you know what, we are having fun right now. and also, just a future of support and entrepreneurs and artists. emily: troy carter, entrepreneur accelerator. i really like that. troy, thank you so much for doing this. troy: thank you for having me. ♪ ♪ emily: imagine a global classroom where anyone can learn anything, anywhere. all built by one man. he got his start as a hedge fund analyst, tutoring his cousin on the side. he posted a few tutorials on youtube that became so popular, he made it his life's work. the khan academy now serves 26 million students, with over 1 mill

emily: he got his start as a journalist with a front row seat to steve jobs' inner circle. and wrote the seminal book on the early years at apple. then, michael moritz decided to try his luck in venture capital. he went on to become one of the most heralded investors in silicon valley history, joining the boards of google and yahoo!, then, a few years ago, took a step back for a rare health condition he has never revealed. joining me today on "studio 1.0," sir michael moritz, chairman of sequoia capital and co-author of the new book "leading." sir michael, thank you so much for joining us. sir michael: it is a pleasure. emily: you wrote this book with another sir, sir alex ferguson, the legendary former manager of manchester united. he is one of the revered names in football, or as we call it, soccer. what drew you to this project as a journalist turned tech investor? sir michael: i always followed united. not as a raving fan. but as a young boy, i started to follow them and i followed them

. ♪ emily: so you volunteered to take on fixing google glass. ♪ emily: so you volunteered to take on fixing google glass. why? tony: why not? seriously. look at things we wear on our heads today. we wear glasses, earrings, we put on headphones, to think that all of a sudden that nothing on her head is imbued with connectivity is shortsighted. we're seeing it on wrists, feet, head, chest. to neglect it -- we can't toss it away. i think i understand a little bit of the space. it wasn't like i threw myself on the fire and said i would do this regardless. it was a slow process before getting married again. emily: there are some reports out there, more foldable, water resistant, more rugged design, any truth to that? tony: all i can say is don't believe everything you read. they will not be for industries, medical, it will also be for consumers. i did not say that that is what you will be wearing. i will not ship anything that i will not wear. tony: you are also a car guy. you are one of the first owners of the bmw i-8. what is missing from the cars you have? tony: the accessibility in te

. ♪ emily: i am emily chang, and this is bloomberg west. the judge in brooklyn back to the company's hands. we will bring you the latest. the former head of the nsa weighs in on apple versus the fbi. general keith alexander does not buy apples argument. and the biggest security conference of the world kicks off here in san francisco. we can -- we talked to the symantec ceo on cyber threats. victory for apple in a separate but related privacy battle moving to a court in brooklyn, with the judge ruling that the techtarget does not governmentp the unlocked and alleged terrorist iphone. fornt to get to our editor legal coverage to have the latest in new york. first of all, what exactly happened? >> it is the first judge to exhaustively look at this issue. they said the demands were excessive by the government, and has now said this can be to lunch. this will not have a direct on the california terrorism case that will be in the public domain and will influence thinking about it in the higher court where these issues are likely to go forward. is

emily: 5:10 this morning. a picture is worth a thousand words and whatever you have in your credit line. randy: how mastercard is making selfies part of banking. plus new information on the uber driver accused in a deadly rampage. his courtroom confession and the question one passenger dared to ask. emily: new this morning. about finding your stride. cindy? cindy: we do have messy wintery weather moving in for the evening commute. when to expect snow, sleet, freezing rain ahead. that would be followed by some heavy downpours. the full timeline is coming up. take a look at the temperatures as you're heading out the the door this morning. all is quiet for now but chilly-only in the 20's as >> this is your wake-up call, boston, good morning, "eyeopener." randy: all right. we love a wake-up call that comes with pom poms. great job, kids. thank you so much. emily: we'd love to see your wake-up call. get your friends, your coworkers, or your classmates and record your own eyeopener wake-up call. just go to the front

emily: you're a single working mom. do you have any advice or any learnings from this period in your life? anne: i think that you just have to accept that you do the best you can. my mom would call, "what are you doing?" and it's 10:00 at night, and my kids and i are eating ice cream. we just need -- they're not going to bed. we just needed the ice cream. there are moments when it's hard. you do the best that you can do. part of it is also being gentle on yourself. you can't necessarily do everything. part of what i think sergey and i have done really well, you optimize for finding the best in everybody and focus on the friendship. emily: you live in this silicon valley bubble. like we talked about earlier, you do seem so normal. how do you stay normal? anne: you stay focused on the things that are important. i volunteer in the school. i make sure that the kids do their homework. i see my family all the time. i still see all of my friends. emily: you've been really active, and your sister as well. you have this issue wi

emily: palantir. this is a company -- customers include the cia and the air force, yet there is so much mystery around it. as i understand it, it is using data on a massive scale to solve problems from disease to terrorism. peter: right. and it is always an interactive problem where part of the data can be processed by computers and then part of it can best be analyzed by humans. one reporter who looked into it concluded that it was used in the bin laden raid and was critical in connecting all the dots in finding him at the end of the day. emily: do you think palantir could stop the next 9/11, or has it already? peter: i don't think we are going to do it by projecting military force throughout the world, i think we will do it by sort of very cleverly uncovering these conspiracies before they come together. emily: some have expressed concern that your clients could use palantir to do evil things? do you worry about that? peter: there is always a two edged part to these technologies. you know, technolog

emily: the u.s. spends more than any country in the world on education. $1.3 trillion a year. and yet still, we are 25th in math, 17th in science, 14th in reading. what's wrong? sal: if you went 50 years ago and you said, give me a list of the 10 most innovative companies in the world, maybe 30% would've been american. if you were to do that list now, probably 80% would be american. what i like to think about is how can we bring that spirit of entrepreneurship, that spirit of failure not being stigmatized, how can we bring that to the schools? the transcript of the future doesn't just need to be your gpa and your test scores, it can be a portfolio of creative works, it can be your peer feedback. being a engineer is a creative endeavor. being a designer is a naturally creative endeavor. show us what you have done. emily: the u.s. is the only developed country with a high percentage of top performers and bottom performers. i mean, we live in the heart of innovation in the world and the , public schools

emily? emily: all right, it is 6:26. time for i have poppers. olessa, here' s another reason to go out to dinner. olessa: you might just find a free prize. a woman in washington state thought there was something way too hard in her dinner. she was right -- it was a pearl. a little skeptical, she took it to a gemologist. turns out it' s a rare quahog purple pearl. good news -- she didn' t break her teeth, and now she can make herself a new piece of jewelry. emily: a win/win. olessa: that is pretty cool, though. >> 150 random strangers have chosen unanimously to go to costa rica. olessa: these jetblue passengers just scored a free flight to costa rica. the airline is calling a social experiment. all 150 passengers had to agree on one destination. if the decision was not unanimous, the trip was off. as you heard, the group decided on an international flight to costa rica. randy: recreational marijuana takes a step forward in one new england state. there is a big vote today. we will tell you about that, and the rain continuing to move out. in >> now

emily: and i' m emily riemer with cindy fitzgibbon. it is a wet day. cindy: a little bit i see this morning. most of us just dealing with the rain. we have the paint color going up towards new hampshire. out of her we could have a slippery road due to the light ice. we have freezing rain and drizzle persists off and on. we think precipitation is pretty south. i do not expect anything heavy through the morning hours. look at the temperatures. 29 in manchester. temperatures will just kind of slowly pick up gradually throughout the day. we are nearing the 50 degree mark in the boston area. i think it gets a little steadier as we head towards the midafternoon. you' ll notice by 6:00 this evening there will be heavy rain to the west. light rain and drizzle off and on throughout the day. overnight, that is where we will see heavy downpours and strong wind that could do damage. we will break down that timeline for you just ahead. wet for some areas. olessa: we can see extra volume heading into boston. let' s check out the rest of your ride. eastbound side loo

. ♪ emily: i'm emily chang, and this is "bloomberg west." coming up the nasdaq closes deep in the red after a week of wild stock moves. linked in losing $7 billion in value. u.s. jobs, painting a rosy picture. is silicon valley a net job creator? we dig into the numbers and talk about what is missing from the jobs report. twitter tells us it is suspending accounts associated with terrorism. will the tech industry bowed to calls to quite operate with government surveillance? -- to cooperate with government surveillance? we discuss. ♪ first, to our lead. linkedin sees its biggest ever decline, wiping $7 billion off their market cap since the company reported week earnings. weak earnings. analysts across the board lowered their price target, recommendation, or both. linkedin isn't the only company. it's been a downhill slide for the nasdaq, which closed down 3%. more than a third of the nasdaq top 500 stocks down during trading. i went to bring in our bloomberg stops reporter, our bloomberg intelligence analyst, and bloomberg's sarah frier, w

emily: here's the crazy part. everything stephen hawking does on his computer is triggered by one muscle in his cheek, and infrared sensor detects when it moves up, the way our smartphones can sense when it is close to the face. future versions of this technology are aiming to take a bigger range of movement into account. >> you essentially today say yes and no by moving his eyebrows and pulling his mouth. one of the things we have been working on is using essentially, a camera system to detect these movements. now he can undo things by saying no, rather than manipulating the whole screen to get to a backspace button. emily: intel is even trying to develop brain control interfaces, that can help people who can no longer move any muscles at all. that won't necessarily have been to stephen hawking, but with the market forecast to reach $55 billion in 2016, it represents the next leap for assistive technology. incidentally, one of their initial backers, index ventures, is also in the news. it is famous for finding sk

emily. emily: cindy, thanks. new this morning, in your health from sniffles to sore throats, a local school is using new technology to keep track of kids' health. wood end elementary in reading is one of only 100 schools in the country chosen to test out thermometers that do more than take temperatures. principal joanne king/wood end keep families in our community-- to keep kids healthy so they can be in school. emily: and that's why this is so important to about half the families at wood end elementary-- the kinsa smart thermometer. it lets parents share information with each other about what's going around the school. caitlin koehler/wood end parent: there's no battery involved so it can run off the battery of your phone. emily: caitlin koehler uses the thermometer on her kids, ryan and hailey. it works just like a traditional thermometer-- on the tongue, ear or armpit-- but connects to a smart phone. a free app records temperatures and symptoms which can be compared to those of other sick kids. that happens th

." ♪ emily: i'm emily chang, and this is bloomberg west. coming up, leapfrogging apple is the world's most powerful company, topping investments and letting investors take their first peek. will our data centers of the future be lining the ocean floor? we will talk to microsoft about the first server pod underwater. now to our lead. alphabet surging in after-hours trading, up as much as 9.4%, surpassing apple as the world's most valuable company in extended trading. after the company top there estimates, fourth-quarter revenue passed on to partners and rose 19% to $17.3 billion. up year overre, year. this is the first time the company has reported earnings under a new structure, separating google's main search and advertising operations from riskier investments like artificial intelligence, self driving cars, and health technology. here to discuss the results is our analyst, joining us from new york. with me, adam burke, and cory johnson. the big deal is that they separated the core business from the other businesses that account for some o

emily: this is the only u.s. social network that has found a way to break into china, albeit slowly but surely through a joint venture. we have been listening to jeff weiner on the call. take a listen to what jeff had to say. jeff: as we look towards 2016, you can expect to see linkedin content more deeply integrated into the core experiment as well as deeper integration across our premium products. we also see a great opportunity this year to leverage our go to market strategy to continue to deliver content into the enterprise. emily: in san francisco, would you agree that there is a mismatch here between the strength of the business and a perception of the strength of the business? >> it's funny you commented on facebook earlier. if you look at the new guidance, 2016 expectations are facebook is growing much faster. linkedin trades higher than facebook. this is a growth expectation stock. a couple of reasons is the phaseout in the solutions businesses. there are online sales that is happening. in the core talen

emily: is it really good idea? we would looking at the stock charts which closely mirror one another on the way down. one headline called this the aol-time warner merger. tom i can see the argument. operationally this would be a disaster. the year of your one million -- one-year decline of think it gets close to 40%. i think that it is a struggling company struggling to find itself in the digital world let alone the mobile digital world. you have, putting these two companies together would be a mistake. emily: the ceo of time is very interested in this deal. talking about his digital strategy. joe: we are investing heavily in our digital content and our digital audience is up to now a 185 million social. our digital audience over the last two years has grown dramatically. last year we produced 23,000 videos. short form videos new opportunity for us. a real opportunity for us in native video. it is supposed to become a $30 billion industry. emily: why would it make sense for time to scoop up dying media properties?

emily: i'm emily riemer. stories we're following on the eyeopener right now. a fallen virginia police officer remembered in her new england hometown. the tribute planned today in new hampshire. randy: arming campus police at a major boston university. the meeting today ahead of a controversial change. emily: a big test for candidates this week. the events here in massachusetts ahead of super tuesday. and where both sides are throwing punches. chris rock: is hollywood racist? you're damned right hollywood is racist. randy: no holds barred for oscars host chris rock. addressing industry racism at the awards show. and the actress hoping for emily: we'll get to all those stories. first checking in with cindy and your forecast. a mild morning. cindy: it is the last morning of meteorological winter. it sure doesn't feel like it out there. 43 degrees right now but the wind is active out of the south-southwest. sustained 14 in boston and sustained 15 in worcester. you'll notice the wind kicking up as you head out the dpoor. look at these temperatures. one of the colde

♪ emily girl i am -- emily: i'm emily chang. we are joined by shery ahn making headlines in -- with the stories making headlines in asia. pullback that began on tuesday has spread. earlier, shares in europe declined after china's central bank unexpectedly weakened its currency reference rate. airbag humbled may have been caused by design issues. they find that they rupture because moisture has seeped into the inflator's. the watchdog is expanding its investigation to include all to airbags.gs -- takata the takeover battle for sharp has been going on for six months . the board is expected to make its decision within two days. plans to sell a stake to a chinese investor fell apart after it came under review. the deal would of seen their injecting $120g, billion into western digital. the roadblocks that chinese firms are encountering as they seek access to computing know-how. emily girl what is becoming -- emily: why is it becoming more difficult? faced aney have increasing number of reviews in chineseears because interest and u.s.

emily: i am emily chang and this is "bloomberg west." coming up, jack dorsey in the spotlight with quarterly results showing it user declines for the first time ever. despite a huge earning miss, investors focused on strong numbers.and delivery amazon also enjoying an after-hours rally on word of billion-dollar share buyback. we will have the latest. ♪ emily: first, to our lead twitter fourth-quarter earnings. shares dropping and then rebounding. the last quarter, monthly active users remained flat. monthly active users excluding active service messenger platforms actually declined from 307 million to 305 million in q4. moments ago, jack dorsey added an extra detail that twitter users ticked back up in january, sending the stock back up. still, revenue numbers fell short of estimates. to adrop from $595 million lower number. jack dorsey says how he plans to turn the ship around. number one, we are going to refine our core service and make everything more intuitive, number two, we are going to invest in being a leader in live streaming

emily: he is so controversial. sir michael: controversial -- have you met anyone who is not controversial that has done interesting things? emily: having known three decades of leaders in silicon valley, do you think you have to be arrogant to be successful? sir michael: four decades. emily: four decades. excuse me. sir michael: lots of leaders have to make decisions about going in directions that may be is not popular in the organization. and sometimes, it spills over into arrogance. i'm different from how i was in my 20's. bill gates, who is in his 50's, is very different from what he was in his 20's. everybody learns a lot in their pursuit. so, the understandable energy and enthusiasm sometimes spills over to arrogance, and some people in their 20's tend to get softened over time. emily: you wrote this book before jack dorsey was named ceo of twitter. and you say the only silicon valley company that grew from "strength to strength," as you say, as it swapped ceo's, was intel in their first 30 years. so, do you t

emily: i'm emily chang and this is "bloomberg west.:" a bloodbath. as then shares down 30% company turns and a weak report. we take a look at why investors are rushing for the exit. more changes afoot as -- at sumner redstone's empire. what is next for cbs and viacomm as the companies embark on a new era. continues its spread, arising in the u.s. and spain. could genetic engineering be the answer? first to our lead. plunging inres after-hours trading as much as 30% on weaker than expected guidance for 2016. revenue in the current period will be $820 million, falling short of estimates by $47 million. revenue in the fourth quarter climbed 34%. the company reported net loss of $47 million, down 6000% year-over-year. he with me to break it down is our bloomberg intelligence analyst in san francisco. david kirkpatrick and new york. and our editor at large, cory johnson in new york as well. great to be here. all of us here. in one place together. cory, break it down. assisted just because of the forecast? -- is this just about the forecast? cory: it is ab

emily: i am emily chang and this is "bloomberg west." we are joined by zeb eckert with a look at the stories making headlines in asia. good morning. zeb: it is already the auto industries biggest ever recall and it could still get bigger. investigators are looking into takata airbag makers which means it more vehicles could be recalled among the 28 million already involved. recall itseparing to 2016 civic compact in the u.s. over engine problems just months after the model was put on the market. honda says it is suspending sales for some versions of the car but the retail will not start until it gets approval from u.s. authorities. the impending recall is another justct -- setback to honda 11 years after -- just one year after they had to change their president. doubledng pretax profit to a record 666 million dollars in the first half of the fiscal year. it was in the higher range of the company's forecast. cheaper oil helped boost growth. we are tracking bhp reporting and 92% drop in profit due to the commodities slump. the world's bigg

emily: thank you. this is your global news 44 hours a day, powered by 2400 journalists in 150 news bureaus around the world. i am emily chang. ♪ apple in focus today with by 48.8ting its stake million shares. is selling billions of bonds. securities to sell and bonds maturing in 30 years. , our bloomberg reporter, adam, and tim culpin. still with me, david kirkpatrick. icahnwhat is your read on and i were cutting back? >> kind of reflective of the tough quarter apple had. the stock price has been reflective. a few different catalysts for apple stock in terms of getting it going. there is either a strong earnings performance or new category. we just went through an earnings season where they are showing signs of slowing down. people are willing to see what the new product will be. emily: tell us what we are expecting in terms of rollout. we have heard a potential march event, the iphone 7. >> this year seems like it will be an update to the existing product category. last year, there was a lot of atte

randy, emily, good morning. emily: good morning to you. commitment 2016. this morning, all eyes are on iowa. in just hours the first votes will be cast in this contentious race for the white house. randy: eyeopener's erika tarantal is here with what to watch today. erika: good morning, emily, randy. there will certainly be a final flurry of activity from the this election. caucuses aren't like primaries. iowa voters must attend public meetings in their communities to cast their votes. democrats have to cast their vote in public. republicans use a "secret ballot"-- either a printed sheet or a scrap of paper. the caucuses get underway at 7:00 p.m. local time or 8:00 p.m. our time. campaign volunteers come from all over the country for the final push. ann sheahn came from chicago. >> this is my first time. i'm really excited to be here. i'm very energized. i feel like there's great energy here. i'm happy to be with the campaign. erika: polls show a tight race between hillary clinton and bernie sanders going into tonight's caucuses. donald trump is still out i

emily? emily: and keep it right here tuesday night our team of reporters will have the candidates covered as results come in. our coverage begins at 4:30 p.m.. we' ll take you all the way until midnight. you can also watch live on the wcvb mobile app. the eye-opener with a complete wrapup on wednesday morning. randy: right now, a norfolk couple is forced out of their home after power trouble sparks this fire. firefighters say it happened after power was restored to the neighborhood on tucker road. neighbors believe flames started in the garage last night. an electrical box on the garage door opener sparked as power returned. the man then ran for help. his wife trapped inside before she was able to escape herself. quick scrapping on the door very loud here to screaming -- >> rapping on the door very loud screaming. be ok. firefighters are now looking into exactly what caused the fire to spread so quickly. right now a 12-year-old lowell boy is facing charges accused of pulling a knife on a tea