with the tragedy. aol cofounder steve case will discuss how emerging technologies will reshape the internet. coming up peter marx will tell us about the career of the late aig ceo bob benmoche. ellen malcolm will recall her creation of emily's list, a political action committee that works to elect pro-choice democratic women to political office. >> we did that because we wanted to raise early money and we thought if we gained women credibility by raising early money, then they could go on and raise the additional money they needed to win. we were like political venture capitalists, we were going to go out there and we would kick starter for women and emily stands for yeast, we make the dough rise and we have been doing that ever since. >> afterwards airs on booktv every saturday at 10:00 pm and sunday at 9:00 pm eastern. you can watch all previous afterwards programs on our website booktv.org. here is a look at some upcoming book fairs and festivals happening around the country. coming up in may look for coverage of book expo america from chicago, the publishing industry's annual g

, aol cofounder steve case will discuss how emerging technologies will receive sheet-- the internet. peter marks will tell us about the career of the late aig ceo who turned the company around during the height of the financial crisis. also coming up, don watkins, fellow of the institute will argue that measures to alleviate income inequality hurt lower-income americans. and this weekend, sue klee bowled, mother of columbine high school shooter dylan klee bold will discuss mental health and recall how she dealt with the tragedy. >> in the beginning i was feeling very much a victim of the tragedy. i was bewildered. i did not understand what happened or why. i could not make a sense of any of it. i was humiliated. i was grief stricken. i was terrified. and as time went by and i began to understand a little bit about how he died, a little bit about how his own suicidality, the guy became more of a survivor. i identified with other survivors of loss from tragedies or suicide or murder suicide and i became a little more active, a little more interested in all of our welfare together. >>

-- and its aol unit are working with three financial advisors to make a bid for yahoo! and that would include japan.ke in yahoo yahoo! is facing increasing competition and investor scrutiny. in the 1990's, yahoo! was a pioneer of the internet. the stock has declined almost 20% in the past year as it faces growing investor scrutiny and questions about whether or not marissa mayer will be able to pull her weight and be able to take yahoo! to the next level. investors are skeptical. many believe she has run out of time. us it a source telling could give a stake in the japan affiliate to shareholders. that would be verizon, of course, after the takeover. verizon, a huge phone company, a market value of $20 billion or so. we are hearing from sources saying the company could replace marissa mayer with armstrong, who would run a combined yahoo! and aol. last week, we are hearing yahoo! was getting ready to divest all or part of its operations. the company altered the way a change of ownership would affect employee severance plans. they modify the definition in order to modify how sever

verizon, i think this may be doubling down on things that aol has brought to their table. as far as yahoo!, it is a convoluted situation. this is where i would say marissa may be left something on the table, without knowing if she could or couldn't do this. if you need to break out, you cannot go safe. you have to be aggressive. for verizon, it feels right because i do believe some of the aol content things within the pipes have brought them value. the individual pieces of yahoo! could be valuable. emily: was tumblr the right bet? gary: no, it was the right kind of bet, but not the right bet. they ended up being the wrong that, because -- bet, because i thought there was more room to go, and they missed the opportunity to go the way they needed to a year or two earlier. .o no, it was not the right bet emily: our conversation touched on twitter. i asked him if it was fair to say that twitter's user are down -- user growth is down due to jack dorsey. gary: he has not been in place long enough. if we are going to go on this thesis he had a nice run. , the product did not innovate enoug

on things that aol has brought to their table. yahoo!, it is a convoluted situation. marissa may be left something on the table without knowing if she dn't do this.d d rising, it feels right. i think some of the aol content things within the pipes have brought them value. the individual pieces of yahoo! could be valuable. the right tumblr back? no, it was the right kind right t, but not the bet. tily: our conversation ouched on twitter. i asked him if it was fair to are downtwitter's user due to jack dorsey. had a nice run. the product did not innovate enough. they got to make moves. the product has flaws. i am sitting with you now because of twitter. it put me on the map. it changed my life. emily: what would you like to see happen? gary: it will make everyone understand netflix is not the only over the top network. facebook and snapchat are dangerous for everyone because anybody can play over the top on the internet. twitterit is the internet deal, something we will all look back on. 140 have to kill the character limit. it is a romantic point of view. a new speed.have it should d

what do you do with the pipe. that's why verizon actually bought aol. as far as paul krugman, what we have is low nominal gdp, lethargic companies and they consolidate. they do transactions to come in. do you have this being somewhat like the late in 1930's? : it highlights the low gdp world we live in. there is lots of spare capacity. the use of capital is better served by acquiring competitors or branching out into other regions without actually having to build out but lying the companies in those sectors rather than simply embarking on aggressive capital outlay plans. in a slow-growing economy and a relatively tough business environment, as a shareholder of a company, i would ask serious questions if they are expanding aggressively when they arguably don't need to. vonnie: you can see the op-ed in "the new york times." .t's time to get to econ recon federalk we have the reserve in the following week we have jobs. are keepingmakers the april meeting as a live meeting. tom: have we ever had said meeting? we definitely have an april will be one of those because the economy is still no

structure that will take on google and facebook. a potential verizon/aol combination might work. what's interesting about , in traditional business, there is a number one and a somewhat smaller number two but in technology, the number one is usually 10 times bigger than the number two. we see that in search engines and software. david: isn't that the network effect? cory: exactly. david: it's hard to break in. i will be curious to see what comes out of this. there will be a question as to what kind of bids come in for yahoo!. david: thank you very much for being with us and thanks to cory johnson. : coming up, the former fdic chairman sheila bair weighing in on banks. banksl talk to the themselves, but worst-performing stock on the dow this year with the numbers to match, goldman sachs down. ♪ jon: it's the worst-performing stock this year, goldman sachs first order profit dropped 50% and revenue plunges. european equities climbed to a three-month high. netflix stock falls off a cliff investors are rattled after they forecast weaker subscriber growth abroad. presidential candi

valuable? >> verizon but aol and they share similar businesses. they come with a very big digital reach. >> that raises the issue of why would they want them. >> verizon's plan is to marry data to users. they have 100 million subscribers through wireless. if you take the digital data that you get from users of aol and yahoo! and mary that with this advertising technology that uses algorithms to show does role advertising and pair that with mobile video products, which verizon has introduced, that seems to be the plan here. because those businesses are so similar, you can take out a lot of cost. there are synergies with verizon that you cannot get with other companies and i think that his wife verizon has taken such a hard look at yahoo!. >> could another bidder come up? >> some private businesses will make first-round bids, but some of the big players we are reporting now like comcast and disney have limited to no interest. that narrows the field down a little bit at least. scarlet: coming up on "bloomberg best," more reaction to the panama papers and repercussions that have already bee

. challenges,the yahoo!'s assets are valuable? bought aol. yahoo! and well share similar businesses and come with a big digital reach. scarlet: why would they want them? is to marry plan data to users. verizon has 100 million subscribers through their wireless and fires. if you can take the digital data that you get from aol, yahoo!, and marriott with advertising out knowledge he that uses the rhythms to show digital advertising and pair it with the digital advertising products which verizon has introduced -- that appears to be the plan. because they are similar there is synergy with verizon that you may not get with any other company. that is why verizon is taking a hard look at the yahoo!. scarlet: could a another bidder come up? alex: we know several private equity firms are interested. they will make first round bids. ,ome of the big players comcast, disney, microsoft, they all have limited to no interest. that narrows the field. up, reaction to the panama papers and repercussions that have been felt around the world. ♪ ♪ scarlet: this is "bloomberg best." . am scarlet fu ov

more valuable than verizon, because verizon bought aol. they have problematic advertising technology, come with a very big digital reach. >> but why would they want them? >> verizon's plan is to marry data to users. they have over 100 million odds, files, you can take the digital data you get for users from aol and yahoo! and mary that with this advertising technology that uses algorithms to show digital advertising, and compare that with the mobile video product verizon has already introduced. that seems to be the plan here. because this is so similar, you can take out a lot of cost. there is synergy that verizon cannot get with any other company. i think that is why verizon is taking a hard look at yahoo! >> [indiscernible] alex: absolutely. we know private interest are interested. they will in fact make a strong bid. are of the big players reporting, at&t, comcast, disney, microsoft, southbank. they have limited to no interest here. that narrows the film -- field a little bit. scarlet: coming up on "bloomberg best," more reaction to the panama papers and repercussions already felt

?rrentl two very different companies going after daily mail. >> verizon has aol. they brought in tim armstrong and got aol. what they would want to do is and remove a lot of heads. they would hope that the customers they have come a pair that up with yahoo! and a. daily mail has done well online. they would want to get this media access and boost their scoring and get more eyeballs coming into their pipelines. it really feels site this is a verizon thing. but before i am too declarative, let's get the bids in first. jeff mccracken. coming up, a rocky oil at an all-time high. that is next on "bloomberg ." hertz.ut shares of cheers already down 31% in 2016, almost down 10% in three markets. ♪ innie: timeout for futures focus. crude sinking lower. outputid it has raised to a record. a -- g us is joe, a massive move. perhaps a little that of a disappointment after last week's rally. surprised that we did not go through with conviction. right now, the futures complex and the nymex is not showing there is expectation going into the september expiration that we will get about 42. vonn

little more oversight, i think verizon wants to own this and perion who up with aol, which it ought three years ago -- which it bought -- own this and pair it up with aol, which it bought three years ago. the other issue is what's going to happen with -- they've got dem armstrong who could run it, as he has experience with aol. that marissassume is trying to steer it away from verizon. david: thank you so much. john: we are counting you down to the market open with tech very much in focus and nasdaq teachers down by 50 points. -- futures down by 50 points. ♪ [ soft music ] e.t. phone home. when you find something you love, you can never get enough of it. change the way you experience tv with xfinity x1. shoshow me more like this.e. show me "previously watched." what's recommended for me. x1 makes it easy to find what you love. call or go online and switch to x1. only with xfinity. jonathan: here is your forecast. futures up by 63 points. so many tech stories. yahoo! story on the one side, disappointing earnings from twitter and apple. that index down over one fourth percentage poi

it would not be the final acquisition. it would merge aol and yahoo! underneath verizon's umbrella. you could put those two companies together and it got a lot of talk. star advocated putting yahoo! and aol together went aol was still an independent company several years ago. yahoo!'s core business itself, we do not know how much it is worth heard me know verizon buys at less than $8 billion, not huge. david: tim armstrong, the head of a well, he's sort of would like to run yahoo! hex: it makes sense why would stick around at verizon when he ran a full and independent company. if you could merge those companies together, he becomes a much bigger presence in the world. stephanie: is the important thing the price? one could argue, what is the great value of yahoo! if marissa mayer cannot turn it around? given how depressed it is, everything is valuable at a certain level. alex: i think you're right. the important thing is the price and we are questionable, that price will be with the core business. rico came out and said that yahoo! revenue would be about downnd earnings would be 20%

makes the most sense for verizon and aol. how far will they go? >> we will see what happens, for sure. limb goingt on a after their mobile video strategy. carol:have always been thought t makes sense to put them together. they will turn themselves around and get back topline growth and stability. verizon makes a lot of sense because avail well. others might actually make sense. >> how far should verizon go? doesn't make sense in terms of what they want to do down the oad? givenverizon is serious, aol in june or july, it probably makes sense. is very hard to build from scratch and probably makes a lot of sense. >> there are certainly setting a calendar or timeline here. >> their moving forward with their agenda. adding the board realizes they need to do something just given the way financials of been trending the last couple of years. i think they are in a pretty good spot here. we'll figure it out. having the board realizes something has to be done. did yahoo! miss an opportunity at some point that there could be a different outcome or was this expected considering how the company --

will be the front-runner. of course, they acquired aol and the idea would be to marry some yahoo!'sassets to assets. yahoo! is potentially a bigger version, but there are a lot of synergies. tim armstrong, who ran aol as a public company could run a combined aol-yahoo! within the verizon umbrella. if not, there is the possibility that private equity firms may partner with media firms, smaller media firms, to make a bid for yahoo!. "the wall street journal" reported that "the daily mail" was interested. we will find out on tuesday, when the dust will settle, when we will have some clarity. scarlet: you reference the possibility of pe teaming up with media companies. do we expect anyone to emerge from the woodwork? >> absolutely. i would not be surprised if we reported one or two names that we had not heard from at this point. that said, i have asked that question to several people that are very close to this sales process, and they have consistently told me, chances are the company that ends up by yahoo! has already been reported. you would hear another name or two, but whether it

colleague, tim armstrong. he was struggling as the aol ceo. he got an offer to sell the company for a 23% markup. now, armstrong is helping lead verizon. if she sells now, she can hop aboard the same liferaft that saved armstrong. lisa: a number of major companies are due to report earnings next week, including yahoo! on tuesday. joining us now from san francisco is emily chang, following netflix and yahoo! what are the big things you are watching from yahoo!? emily: of course, the bids are due for yahoo! on monday. tuesday, we will be watching earnings. as we've heard, we are starting to hear that the field might be narrowing. number one is verizon, they have been straight up about their interests. with it arianna huffington come which was bought by aol, which was bought by asked. -- i she would like to see yahoo! in the family and she said absolutely. >> it is a hybrid. it is a journalistic enterprise and it is a platform. tumblr is an incredible asset. as more and more people want to express their views in more than 140 characters, you have an incredible opportunity to use tumblr to a

. that verizon is the force to beat in the race. they already own aol and would be able to combine a well and some! and extract synergies there if that is the direction verizon wants to go. there are other bidders and i expect to learn more bidders as the day progresses today and the bids start to come in. we know private equity firms are planning on bidding. these private equity firms could in the coming days and weeks partner up with other statistics. placeecause he did not the first-round bid does not mean you are out of it, but it will give you an indication of who the most likely bidders are. i am talking about tpg and we are looking at others that we hope to sit -- report as the day progresses. why do so many others like google and microsoft, i do not even know if microsoft will, but they all drop out? why? >> every single one of the companies has a different reason. google, we reported that last week. probably because of antitrust concerns. microsoft has gone in a different direction. they made a bid for yahoo! in 2009. the company has moved much more closely toward enterprise

today. , i thinkm armstrong what he did with aol was impressive and i would argue ms. myers is the most overrated. a big disappointment. it is probably in terms of hitting. the favorite is verizon because verizon can afford to over pay $105 million -- 105 million handsets plus the assets of aol and yahoo!. the largest marble network in the world. the epicenter of growth around all media is mobile advertising. verizon can probably come in and spill $2 billion to get this thing. tom: still, that is the key word. scott: they could overpay. i think the odds on favorite is verizon. i can't imagine one of these reverse merger things with time. could you imagine the amount of criticism if yahoo! ends up going to yellow pages.com? tom: i was stunned. scott: it's going to be exciting to see. forcing this sale. i think these guys would've killed the deal had it not been for this guy saying he will take all nine seats. >> buying this core business makes sense because of advertising even if they overpay for it and they will most certainly have to? scott: there are some assets. it is a company that

and he knows the business. he has salvaged aol and turned it into a very high-tech ad serving system. that had no reason for existence before that. i think he thinks he can do the same thing with yahoo! what he wants and what verizon wants is 240 million regular viewers. carol: is it a good fit? >> it's not a great deal but it depends on much of a cost. we're not talking a lot of money, between $5 billion and $9 billion. cory: if they want all of it. they might just want pieces of it. do you think they would rather have more content from yahoo! or would they rather have the ads? marissa's sure initiative on content has delivered on any level. if verizon ends up with yahoo!, they have the resources and capability to go out and buy any content they want. carol: thank you so much. back to tracy and scarlet. scarlet: our thanks to carol massar and cory johnson. tracy: con edison gets burned by its acquisitions. will it be able to reinvent its self? that story is next. ♪ scarlet: we have first word news. princeop music superstar has been found dead at his home in suburban minneapolis. h

yahoo! and merge it with aol and either give the yahoo! japan stake to its own shareholders or turn around and sell it. google is also interested in yahoo!. that's a name no one has reported yet. we don't have firm proof that they are making a bid but they are definitely interested. we have news of some companies that are not going to bid. not going toast bed. microsoft not going to bid. these were names we had reported as potentially interested but took a look at the sales books and decided they are going to pass on it. david: what is appealing to verizon about it? turned whenk things they bought aol. they can merge those businesses, starboard pushed to merge, the activist investor, push them to merge and then aol sold itself to verizon and they both have a programmatic ad business they can put together and you marry that with verizon and their wireless video business, you could have an interesting mobile video product. verizon took on some content assets when they bought aol like the huffington post. but really, you are taking globals billion or so users and marrying the informati

aol. there's a chance that with a right combination of equity , but it's going to be difficult to compete with giants like google and horizon. carol: is there a chance a deal does not get done? alex: there's a chance. there's a proxy fight looming in the background where star board plans on replacing the board of directors. if nothing gets done, there's a chance the board and marissa mayer get pushed out anyway. they may be copied between a rock and a hard place here if they don't want to sell. if the barbarians at the gate go away, they sell or they get pushed out. yahoo! is fully aware that the clock is ticking. to have enough interested parties in terms of the asset. alex: we have to see where the first-round bids commend. how much money of these companies willing to pay? carol: great story. i know you wrote get here at bloomberg. alex sherman right here on bloomberg news. up, the fed is uncertain about the state of the global economy, citing multiple risks to growth. is a weaker dollar the cure? shares on a tear. we look at what is behind that move. and apple doing it again to

! assets are valuable? paul: verizon bought aol. yahoo! and aol shared similar businesses. they have problematic advertising technology. the come with a large digital reach. betty: why would they want the objective paul: verizon's plan is to marry data with users. they have 100 million subscribers through wireless environ, you can take the digital data that you get from the users of aol and yahoo!, and marry that with this advertising technology that uses algorithms to show digital advertising, and that was a mobile video product which, her verizon has already introduced, that seems to be the plan, because her businesses are so similar, you can reduce a lot of cost. there is synergy with verizon that you might not get with any other company. i think that's why verizon is taken such a hard look at yahoo!. mark: what can verizon or google dotime or at&t or comcast that marissa mayer could not achieve? paul: the real challenge for any owner of you who is to try to get that core operating business growing, yahoo! has been a business that has seen its revenue decline every year for the la

yahoo!, but when you look at what they paid for aol, some may extrapolate the idea that theyir grade would be less than the $10 billion that yahoo! is looking for. the stock is up, suggesting that yahoo! could trade higher in weeks ahead. scarlet: thank you so much, abigail. alix: staying with tech, the number of private companies valued over $1 billion has soared over the years. it has grown to over 200 companies worldwide. scarlet: now, the companies are starting to struggle raising money. and leaching joins us now from san francisco. are the startups headed for a bubble or of boom -- a boom? emily: that is what we will try atte wer in a special addition today of bloomberg west. this is the biggest tech incubator in the world, called the harvard of startups. we will be talking with the ycom,nder of white, -- and airbnb and dropbox. i recently spoke with the chairman of airbnb and asked him this very question. he reminded me the airbnb was created in the financial crisis. he said, in a bad economy, people are always looking for new ways to make money. was born.en uber airbnb is on t

decided to not make offers. unit are and it's aol working on a bid. tom: i appreciate that. is a correspondent -- we could not get paul up this so early, so we are glad to go to you. it is not that verizon is still in, but everyone else is out. what happened? alex: there are very few buyers willing to take as much risk into capital. verizon is a very big player. yahoo!, including steaks the others cannot take, including alibaba, and sell them later. verizon is a credible buyer at this stage. tom: i will go with that. there is a price for everything. , andlphabet, daily mail others just say the price is not right? out ofhey are not full the race, and does not mean they will not participate at a later stage. srancine: can marissa mayer survive this? is, ifhe likelihood verizon is the winter, they will install someone from aol. tim has a good reputation, a good track record at aol. i think tim armstrong is the new head. francine: everyone is having a look at it -- what does verizon have to gain? mobile operator, surely they want content, but it is hard to know what kind of company t

verizon, because verizon can afford to overpay. 105 million handsets, plus the assets of aol and yahoo!, you are looking at the largest mobile network in the world. the fastest growth around the epicenter of media is global advertising. so verizon can afford to spend the money for this thing. tom: that is the key word, isn't that? they can overpay. scott: they can overpay. the odds-on favorite -- i cannot imagine one of these trust merger things over time. can you imagine if yahoo! ends up going to the yellow pages? it does not make any sense. it will be exciting to see. this is a lesson why active investing works. i think these guys would have played slow ball and kill the deal if not for this guy. francine: scott, you think verizon buying this core business in what is essentially a failed internet portal makes sense because of advertising that they will have to overpay for? scott: there are some assets here. it is a company that has the third most-- the traffic in the world. they have incredible assets that people do not talk about. $90 million of free cash flow growth is from

. he pioneered consumer use of the internet. we did not call it the internet, we called it aol. he is a major pioneer and a friend who has been involved in other conferences. tom: we showed this earlier, the green circle is where steve case. out, the green circle is where david kirkpatrick loaded the boat. i talk about the facebook effect. i am a huge fan of david. what is the effect forward for all of this technology? steve: david's book is a great example of the second wave. people are connected to the internet and the focus was building on top, facebook did not exist at the beginning of the second wave, now arguably the main media content. they can come out of nowhere and be a global giant, we will see other companies like that in the third wave. focusing on parts of their life like staying healthy and getting kids educated and consume energy. haveector of the economy not been disrupted that much in the first or second wave that they will be in the third wave but it will require a different playbook which is why i put pen to paper and wrote a book. francine: unclear what faceboo

with aol could be interesting, and it is fascinating. having worked there for 25 years, i think there'd digital strategy has endlessly been wrong. i hope that doesn't happen for the sake of yahoo! but it's interesting how many companies think they can do something interesting. what if alibaba bought it? that is not out of the question. emily: the one prominent company not on that list is alibaba. jack ma seems to not want any part of it. he didn't have a nice things to say about yahoo! when ice folks to him a few months ago. david kirkpatrick, thank you so much for stopping by. i know we will be asking you every day what is going on and you will keep us posted. thanks guys. coming up, we had to the bloomberg businessweek design conference where we will catch up with a 26 rolled hacker taking on tesla and google. tomorrow, i sit down with a gender a silicon valley investor peter thiel. don't miss that interview. more "bloomberg west" up next. ♪ emily: researchers have identified an unusual stage of ran somewhere. a report says the virus plates computers server vulnerabilities w

of courage, she can take a lesson from her former colleague, tim armstrong, who was struggling as aol ceo. then he got an offer to sell the company for a 23% markup. the sale made him look like a genius, and now, he is helping lead verizon's bid for yahoo!. she could hop aboard the same liferaft that saved him. emily: monday is the deadline for all the bidders who want to throw their hat into the ring. potential suitors include the daily mail, verizon, and private equity funds like tpg. we had heard there could be as many as 40 companies looking, but obviously, the number of actual bids will be much smaller than that. how many do you think will come forward? >> there are people who kick tires, and that's what you do when a house is for sale or a company is for sale. when it comes time to put in bids, there will be a small number. verizon has made no secret that they are interested in buying yahoo!'s web business. emily: verizon expressed early on that they were interested, and they do not seem to have wavered. i spoke to arianna huffington, and she said she would absolutely like to se

better position to acquire those assets. they could combine it with aol and create a mobile advertising juggernaut that could compete with the googles and the facebooks of the world. i think verizon is in the best position. these 40 other names, i never thought that the vast majority would stick around and make a bid, which is why last week i came out with a note and essentially said that i thought mid single digits was about the bidders i expected for yahoo! this week. emily: eric, you are in an interesting position. you were an early investor in yahoo!, the former owner of,"," "the huffington post," owned by verizon. depending on how you value yahoo!'s core business and the fact that they would try to do this depending on the -- kind of like a reverse merger. >> i don't know what to think of it. yp is an old legacy business. it seems to be very small am a about $1 billion in revenues. about $1.5 billion in market cap. it seems like an unlikely candidate to buy yahoo! emily: what about the yahoo! japan part of the story? is there a chance that that part of the company could end up in a

. on wednesday, aol announced it is making its first acquisition for the huffington post. the company has agreed to buy riot, a studio in l.a., for an undisclosed amount. joining me to discuss the deal, huffington post ceo, jared grusd, and bryn mooser, the riot ceo. how long have you been in talks? >> thank you for having us on the show. we met in september at a festival in central park. i was struck by four different things. the first is his presence and leadership. the second is he was displaying some films in virtual reality. i was attracted to two things. the category -- was it a novelty or a compelling way to tell stories in the future? bryn shared with me the fact that he made 100 films in 40 countries. finally, the overall mission. huffington post has been a mission driven company to inspire and empower. the mission of riot has been the same thing. we thought this could be a tremendous partnership to do something transformative. emily: what convinced you to go through with this? what were the terms? >> for us, it was an absolute dream. the work that arianna did at huffington p

need to know ahead of the reports, next. next week we will be joined by aol cofounder turned venture capitalist steve case, who joins us to discuss the so-called "third wave" of the internet revolution. more "bloomberg west" continues next. ♪ emily: next week will be a big week of tech earnings. on tuesday we hear from and twitter. on wednesday, paypal. and on thursday, amazon, baidu, linkedin, and pandora. we caught up with an analyst to paris for the week ahead. >> the number one pick here is amazon. $715 price target. in all fairness, the stock has really moved up a lot off of a $475 low. a lot of the fear has been taken out of the stock. it is still our number one pick. i would also single out netflix. we like the even width, maybe even more because of the correction they just put out. the stocks we are most cautious about, the two would be twitter and ebay, for fundamental reasons. ebay has a lot of valuation support, but financial outlook for both companies we think could turn negative. for twitter, we are looking for $610 million in revenue and $.11 on earnings. we think the

looking in asia after that announcement. ♪ emily: this is bloomberg west. my guest host today is aol cofounder steve case. he has just written a book called the third wave. he claims a new paradigm we are entering. the first wave of the internet was the years between 1985 and 2000 when companies like aol were bringing people online for the first time. the second wave involved companies like facebook and twitter putting ecosystems on top of the internet through apps. and now the third wave. what companies survive and thrive in the third wave? steve: it depends on what they do. we were talking earlier about facebook and twitter. they didn't exist in the first wave. zuckerberg was still in high school. so some people will emerge and some of the current leaders will remain leaders. it depends on how they play it. when i was a kid kodak stood for photography. they ended up going bankrupt because of digital photography. they actually invented digital photography. but they didn't invest in it, they didn't partner. some people may need to partner with larger companies. to get that market ent

possibilities. and all, throw in aol of those eyeballs and the text that comes with it. it is kind of a really fun playground for us. emily: all right, you enjoy those phone calls. brian robbins. we will keep our i on you guys. on you guys. now i want to bring one of the cofounding editors of wired magazine who has been covering technology for many years. you have news of europe which we are going to talk about later in the show. what do you make of this deal? you have got dreamworks, verizon, and hearst all dipping their toe in here at the same time. we have got facebook life -- facebook is paying companies like the new york times and but seed to do by the video on facebook. those models always slip. that is not going to last. you want to count on that for a long time. >> what is really interesting is i think brian is right. media companies have not caught up with the habits, particularly of younger people. if you want anything immediately states, you absolutely have to think about one thing, which is video tech nvidia -- on with facebook and captions. it is not how traditional entertainment

tell you how excited i am about the possibilities. then throw in aol and all of those eyeballs and the tech that comes in with it, it's a fun playground for us. calls.enjoy those phone we will keep our i on you guys. i want to bring in my guest host for the rest of the hour, one of the cofounding editors of "wired" magazine who has been covering technology for many years. deal?o you make of this you got dreamworks, verizon and hearst dipping their toe in and at the same time, we saw facebook live. facebook is paying companies like "the new york times" and buzz feed to do video on facebook. were when i saw that they paying for live, that's not going to last. i would not want to count on that for a long time. i think brian is right. media companies have not caught up with the habits of younger people. if you launch anything these days, you have to think about one thing which is a sub 92nd 90 secondebook -- sub video on facebook. verizon, smart move by getting into a market they probably didn't have, nor did aol. emily: what do you make of a spoke going big on live when twitter seems

: thank you both for being here. verizon now owns aol as we said. a low cofounder steve case shared his views on the future of internet disruption. predicted a relationship between technology and the government. steve case: the first wave was led by the government. commercializing it with the telecom act. judge green broke up the telephone companies. and in the government stayed out of the way. it will be a trickier balance of the innovators. emily: that was steve case. coming up we break down china's big three west giants between alibaba and will discuss who will is winning. has a crucial lift off at cape canaveral. why so much is riding on friday's launch. ♪ emily: some analysts are not convinced that twitter has turned the page on its struggles. it also lowered projections for twitter's 17 earnings by 13%. the revenue forecast also dropped 6% to about $3.25 million. aboutts are wary twitter's ability to win over new and mainstream users. it will be streaming nfl games on thursdays. the ridesharing battle between its archrival in china. by chinese company is backed the company t

being here. verizon which owns aol and the huffington post say they will bid for yahoo!. do you believe verizon has a longtime content strategy that include yahoo! and the huffington post and if so, what is it? ms. huffington: verizon has themed that the future for has to include a very robust media technology company. would fit very well in the strategy. there is competition. maybeis soft bag and google so we will see what happens. emily: what are the synergies you see with verizon and the huffington post? ms. huffington: verizon has huge distribution potential. we are moving more and more into video. whichave launched go 90 of their mobile video play and has produced and paid for great content from many providers. this is fantastic because it gives us great distribution. emily: what do you think about the idea of a wireless company getting into content? it's not just verizon, it's an interesting new world. ms. huffington: i think it's a smart move. the world is changing. it's the innovator's dilemma that if you don't change fast enough because you are a big successful company

for having me. emily: verizon which owns aol and the huffington post say they will bid for yahoo!. do you believe verizon has a longtime content strategy that include yahoo! and the huffington post and if so, what is it? ms. huffington: verizon has decided, and that is, of course, the reason why they bought "the huffington post, and wrote -- post," that the future for them has to include a very robust media technology company. yahoo! would fit very well in the strategy. there is competition. so there is software and maybe google so we will see what , happens. emily: what are the synergies you see with verizon and the huffington post? ms. huffington: verizon has huge distribution potential for us, especially since we are moving more and more into video. they have launched go 90 which is their mobile video play and has produced and paid for great content from many providers. us,his is fantastic for because it gives us great distribution. emily: what do you think about a wirelessidea of company getting into content? it is not just verizon or at&t. it's an interesting new world. ms.

third wave, steve case cofounder of aol outlines the future of the internet. university professor recalls how she became a scientist and lap girl. and why save the bankers, reggie, and us looks at the european debt crisis and inequalities within the economy. also being released this week is america's war for the greater middle east in which retired army colonel provides a history of america's mentor terry forays in the middle east. the failure holes explores the history and future of women in science in rise of the rocket girls. apollo 11 astronaut remembers his achievement and the lessons he has learned along the way and no dream is too high. look for these titles in bookstores this coming week and watch for the authors in the near future on book tv. [inaudible] >> welcome to the national association of scholars, my name is peter i am president of the national association of scholars. in 2009, a young man heading for seaside vacation in mexico kicked off an unusually heavy book, and 800 page on the life of an 18th century immigrant. fifty pages into the book the story took posses

tragic. aol cofounder steve case will discuss how emerging technologies will reshape the internet. >>> also coming up, peter marks will tell us about the career of the late aig ceo, who turn the company around during the height of the financial crisis. >>> this weekend, ellen malcolm will recall her creation of emily's list, a political action committee that works to elect pro-choice democratic women to political office. >> we did that because we wanted to raise early money and we thought if we gave women credibility by mate-- raising early money, then they could go on and race that additional money they needed to win, so we were like little political venture capitalists. we were the kick starter for women and emily stance her early money is like yeast. we make the dell rise and have been doing that ever since. >> afterwards airs on book tv every saturday at 10:00 p.m. and sunday at 9:00 p.m. eastern. you can watch all previous afterward programs on her website, book tv.org. >> hello. welcome. we are very happy to have you all here today. thank you for c-span book tv for being her

mental health and how she dealt with the tragedy. aol cofounder steve case will discuss how emerging technologies will reshape the internet. coming up peter marx will tell us about the career of the late aig ceo who turned the company around during the height of the financial crisis. this weekend ellen malcolm will recall her creation of emily's list, a political action committee that works to elect pro-choice democratic women to political office. >> we did that because we want to raise early money, by raising early money, they can go on and raise the additional money they needed to win so we were like little political venture capitalists, going out there, we were the kick starter for women and emily stands for early money, we make the dough rise and we have been doing that ever since. >> afterwords airs on booktv every saturday at 10:00 pm and sunday at 9:00 pm eastern. you can watch all previous afterwords programs on our website, booktv.org. >> c-span created by america's cable television companies and brought to you as a public service by your cable or satellite provider