president-elect trump's pick for treasury secretary. oliver: netflix wants to be the next amazon, google, and facebook combined. we will tell you why that strategy begins in brazil. carol: how sleepless nights led to the birth of one pillow king. oliver: all that ahead on "bloomberg businessweek." ♪ carol: we are with the editor-in-chief, megan murphy. you guys take a look at something, that is paypal for india. megan: this is a story that goes to the scramble in india. they extinguished their two largest bank notes to combat corruption and fraud in that market, but what it has really led to in this country and we see this in developing countries, the push for digital payments. what kind of space this is? the story it sort of captures that it is still wild west. we described it as a lot of people now pushing into digital payments. people don't even have cell phones. they are moving up the rung and they're going straight from not even having a bank account or cell phone to processing all their payments online digitally. it is a multi-trillion dollar market and shows how for peop

story, great story, great deep dive into netflix. megan: it is a great story because what you learn in this story is that it focuses on brazil. it givesreat is that you that flavor in terms of brazil and its media presence is run like a 1940's system,d-style studio the number of people who watch, how they are cast, a family-run industry and so incredibly common it. who are that people brave, innovative, that is a market that you think would be difficult for a company like netflix to crack, and they are cracking it and peeling open a market that is dominant and traditional in a way, and it is a story about what disruptive business models can do. oliver: we had to send somebody to brazil. a domesticwas company for the first three quarters of its existence, then in 2010, it made its first expansion outside the u.s. with a streaming service in canada. in 2011, it made its first big splash in latin america. they introduced the service to 43 different companies at the same time, so that is a good place to start to get a sense of where netflix is going. the key to their future is replicating

: this is bloomberg technology. netflix's "crown jewels" beat estimates again. new customers flock to see original content. plus salesforce ceo marc benioff joins us taking down rising competition in the cloud. and why a judge decided not to arrest samsung's heir apparent. what is next for south korea's most valuable company. first to our lead. netflix shares spiking in after-hours trading. they report their biggest quarter ever. they added more than 7 million subscribers to finish the year with 94 million members. the company credits the popularity of original content including "the crown" and new seasons of "gilmore girls" and "black mirror." this is one of investors chief concerns. joining us now, cory johnson. walk us through. it looks pretty record. cory: those are some great numbers here. there were some terrible numbers here. the first show they mentioned was luke cage. it was my favorite show a netflix, so it was interesting. that is part of their long-term plan. thissn't too long ago company rented dvds. most of their spending right now is going towards original content inclu

top interviews from this week in tech. coming up, netflix's crown jewels come out with a huge beat this week. we will break down the case against qualcomm as the fight over licensing heads to court. and why a judge decided not to arrest samsung's heir apparent. and what is next for south korea's most viable company. but first, netflix reports the biggest quarter ever this week. the stocks fall on the news that netflix added more than 7 million subscribers globally to finish with 94 million members, beating analysts estimates. on the domestic and international level. the company credits the popularity of original content. including "the crown" and more seasons of "gilmore girls" and "black mirror." bloomberg editor at large cory johnson joined us to break down the numbers. cory: not too long ago it was a company that rented out dvds and then movies with a little original content. now most of their spending is going towards original content. including things like "luke cage" where they have a master plan and they will have their own "avengers" they will call them "defenders." they wi

. -- netflix blueprint. brazil becomes the latest target in a globally ambitious plan. now to our lead. amazon pledging to create 100,000 new jobs in the u.s. over the next 18 months. this follows similar announcements from tech heavyweights like alibaba and ibm. amazon has been growing rapidly, but could this announcement keep the company on the right side of the incoming trump administration? speaking wednesday at a news conference, the president-elect once again emphasized the importance of job creation. mr. trump: we are going to create jobs. i said that i will be the greatest jobs producer that god ever created, and i mean that. i am going to work very hard on that. caroline: spencer covers amazon for bloomberg technology and joins us from seattle. and with us for the hour is our ethan.host, now, first of all, to you, spencer, give us an idea of whether this is another p.r. stunt or if there are concrete plans coming from amazon to enact these sorts of jobs? the plans are concrete, and this is a pr stunt. this is like amazon jeff bezos' playing a jedi mind trick on president trump

much as the revenue it brought in. the netflix playbook for winning over a foreign market. businessweek travels to brazil to learn how the company went from bust to boom in five years. that is next. a reminder that all experts of -- episode of "bloomberg technology are live streaming on twitter. 5:00 us out weekdays at p.m. in new york, 2 p.m. here in san francisco. this is bloomberg. ♪ caroline: a story we are watching. consumer class action. claiming it has a monopoly on the market. they revived a case it was dismissed in lower court. a lawyer for the plaintiff says the millions of consumers should be able to recover most of from apple take store sales. sticking with apple, it is looking to expand its music subscription service. equity people familiar with the matter, the company has been speaking with the makers of original programming about buying rights to script tv show and potentially movies. it is seen as a bid to differentiate apple from spotify which has twice as many subscribers. staying with on-demand streaming, netflix is of course the chief instructor in th

: joe: -- joe: that was credit suisse ceo tidjane thiam. inrlet: we go inside netflix the numbers don't lie. they will report earnings tomorrow with the cost of content and original programming. ♪ ♪ scarlet: netflix's original programming strategy has remade the media landscape, but it comes at a huge cost, and it may not be sustainable especially with competition from amazon. let's look at "the numbers don't lie." in the third quarter, they added 3.5 million streaming customers in total, topping estimates domestically and internationally. they have 47 million members in the u.s. and 39 million more in the world. generate 40% of sales in the third quarter versus 16% a year ago. the growth is the orange line for international right now. is above the u.s. which is the white line. it is 50-50 international revenue split. original factor is -- original programs is that commit major factor internationally. fifth, the yellow places, streaming things like netflix. that is a much bigger piece of the pie compared to five years ago. the original content comes with a higher price tag. ev

♪ caroline: i am caroline hyde. this is the "best of bloomberg technology". netflix's groundrules, a huge beat this week. down the case against qualcomm as the fight over licensing heads to court. decided not to arrest some signs heir apparent. netflix reports the biggest quarter ever this week. netflix added 7 million subscribers to finish the year with 94 million members, beating analysts estimates. thecompany credits popularity of newcomer original content. but the cost of this additional investors' is one of chief concerns. cory johnson joined us to break down the numbers. cory: it was dvds, then movies with a little original content. most of their spending is going towards original content. in their ownow avengers, which they were called the defenders. they will build a mountain of original content. they have spent a fortune on marketing, the biggest spend they have ever had. the marketing spend was greater than ever before, showing an increase. 11 point 5% of revenue, and the number seemed to be coming down. what they are doing with a lot of that money is plowing it into mar

. david.thanks, netflix is building a world of binge watchers. me, too. it is doubling down on original shows while expanding its international footprint. they will release fourth-quarter results on wednesday in the u.s. here's a look at netflix by the numbers. >> self-confessed binge watchers here. netflix turn the media on its shows.ith original the strategy comes at a huge cost. it must guarantee it is sustainable in the face of competition by the likes of amazon. for net -- for netflix, it is about subscriber numbers. they added over three point 5 million streaming customers, topping estimates in the u.s. and internationally. that brings the subscribers to 47 million in the states and 39 million around the world. netflix is turning to international markets for growth, 40% of sales in the third quarter are generated overseas versus just 16% two years ago. on the chart, you can see how the global growth rate, the orange line, out places -- outpaces the u.s. they are tracking your revenue split. a major factor in overseas growth's original programming, since they own the globa

netflix in the same place as all your other entertainment. on xfinity x1. ♪ caroline: welcome back to "the best of bloomberg technology." i am caroline hyde. this year's $85 billion deal between time warner and at&t has many wondering if mergers like this will be the new normal in 017. network owners are under growing pressures they continue to lose customers to online services like netflix. so has cable tv reached a tipping point? we put the question to bloomberg editor at large cory johnson and gerry smith, bloomberg news media reporter. gerry: you think about the television industry, it is like a slowly melting ice cube. there are still about 98 million people in the u.s. that subscribe to pay television, but it loses a couple million subscribers each year. and eventually, you know, media companies look around and say this is not an industry that is growing anymore. maybe we need to partner up and find someone, whether it is another distributor, or do a merger with another media company potentially. everyone is looking around in the fast changing landscape and looking for some s

video services, you tend to talk about netflix, amazon. is there a hope it will be netflix, amazon, vimeo? >> sure. the truth is netflix is always , unless they monumentally screw it up, they have such size worldwide now that i don't think anybody will be close to netflix, but that does not mean that they take essentially the market share of the world. i just am think anybody will be as large, but there is plenty of room for niche programmers and programmers who have many millions of subscribers. way the cablethe tv bundle is developing? is it dead? are these new approaches is killing it? >> look, we have had for 40 years or so, we have had cable being the only place that you could get a bundle of programming. that is ending. now, you can get all you need is an internet connection and you can get À la carte, little bundles, etc. he, so cable just has to evolve, and it cannot, it's base of warehousing everything and selling it for one package price is gone. >> what do you think does work? what are you particularly bullish on? a successful way for the cable package to evolve? >> no,

companies are increasingly looking at the content base of netflix and amazon has made huge strides. there's been a lot of talk about the prospect of apple getting into the space. do you think companies need to own content to get into them? barry: no. alex: why is that? barry: all of the content -- if you own content, you want to distribute it everywhere. so these tech companies who are engaged in distribution -- what apple is doing and amazon has with prime, etc. -- they're essentially distributors, they can buy anybody's content. they don't need to own directly the content. if they're going to actually begin to produce content themselves, then that's another thing. but, you know, that's something you have to really not have tech aptitude for but you actually have to have an ability to make editorial choices. alex: the signs dealing with lionsgate, i'd like to hear how it came about, actually? barry: we're developing video into a platform for everybody to use, and we have gone to many, many people and one of the recent places we went and said why don't you put your programming on v

heir apparent. first to our lead. netflix shares spiking in after-hours trading. they added more than 7 million subscribers to finish the year with 94 million members. the company credits the popularity of original content including the crown and gilmore girls in black mirror. a top of all of this is one of investors chief concerns. joining us now, cory johnson. walk us through. pretty record. cory: those are some great numbers here. there were some terrible numbers here. cage, it was interesting to see. that is part of their long-term plan. a change. spending right now is going towards original content including luke cage where they are thinking it's not just luke cage, but daredevil, iron fist, they will have their own avengers. part of the marvel universe. they are thinking of how they are going to build a mountain of original content. they have spent a fortune on marketing. this is the biggest spin they have ever had. the numbers they put up in terms of marketing spent were not only greater than ever before. it even shows an increase. it is 11.5% of revenue. they just raise a bunch

results from netflix. joe and i are here to break that down. the numbers are the streaming numbers. the domestic streaming net additions. the full out the estimates. 1.9 3 million added. in terms of international streaming ads for the fourth quarter 5.1 2 million. that seems really big. so much of whether netflix is going to have many years of growth ahead of that is if it can find traction internationally. we talked about that earlier. it has been finding success in brazil. just under 3.8 million estimates. that is something that investors have to be enthusiastic about thinking there is a lot of growth there. scarlet: we see the stock up in after-hours trading. the cash flow will be down $2 billion in 2017. we want to go back to janet yellen's comments and reflect on that. joe: let's bring in michael , joining us from california, bloomberg view columnist and the chief economic advisor -- we will start with you. what is your number one headline from what yellen just said? >> not a market mover but somewhat more dovish than i would have expected considering what is happening on the groun

netflix. what do the demographics actually look like? because some say youtube focuses too much on younger ages. susan: to get a billion users, you need people from all different demographics. when you look at any demographic, we have a very significant number of users. i do think, if you look at the millennial audience, you do see their behavior really shifting from traditional tv to online. mobile is really driving a lot of usage. also, on demand. this is a generation that has grown up expecting, "of course, we should be about to see whatever show we want, whenever we want." emily: snapchat is rising. facebook and twitter are doubling down on online video. netflix is spending a lot of money on original content as well as apple. youtube does a little bit of all of these things. do you see any focus or priority down the line in any one particular area? susan: we are focused on being a platform. so, we have content that is available to anyone and everyone. if you want to have the broadest reach -- you have content anyone content you want to get out to everybody, youtube is a great w

comes at a cost, particularly as competition heats up at amazon. more on netflix ahead of the earnings, and the numbers do not lie. reporter: in the third quarter, netflix added 3.5 million streaming customers in total, topping estimates domestically and internationally. the company has 47 million customers in the u.s. and 39 million more around the world. you see here how the growth rate, the orange line, for international outpace is a more mature u.s. market, which is the white line. there is a 50%/50% revenue split. original programming is a major factor in overseas expansion because netflix owns global rights to most of the content. originals telecast last year, 1/5 were on streaming services, such as netflix. that is a much bigger piece of the pie from just five years ago. of course, this original content comes with a higher price tag than reruns. 's content hasx i topping $5 billion in 2016. whatever happens with the results, netflix will definitely be a stock to watch. on average, the stock price has moved in 15% in either direction after each of its quarterly reports i

the , is thereeo series imeo as aill go to v competitor. netflix willis platform.a monumental i do not think anybody will ever be close to that. theythat does not mean essentially take the market share of the world. room forplenty of and those who have millions of subscribers. fromat is the take away cable tv? >> i don't think anything really kills anything dead. >> unraveling? sofor the last 40 years or you have had cable being the only place you could get a bundle of programming. get alled, now you can you need from an internet connection, you can get it a la carte. cable has to evolve. it's phase of warehousing everything for one price -- what you think is the model that could go through? what you think is the successful way for a cable package? >> i think if the operators are in the data business, and no longer in the programming business. margins, thealthy programmers make more money. now, when you have sony different alternatives, there is a vast competitive edge. >> can you explain the rationale is the time warner and at&t deal. do you think there is a logic behind that deal

terms have not been disclosed. netflix turning in a fine performance, smashing expectations at home and abroad. details are on the way. ♪ rishaad: you are watching "bloomberg markets: asia". i am rishaad salamat. sued by theing obama administration over its claims that it pays white male workers more than women, black, or asian workers doing the same job. worthl cancel contracts hundreds of millions of dollars if it does not change its practices. oracle says it is based on false allegations. surging in sydney, buying most lez's grocery business. brand tos the vegemite aussie ownership. chairman says the goal is to make the company a great consumer goods business. woodside petroleum with fourth-quarter sales revenue of just over $1 billion and record lng production, forecasting 2017 production of016 just under 95 million barrels. woodside says it's full your budget is free cash flow neutral. legalccartney is taking action against tony music to regain control of songs he wrote with john lennon for the beatles. michaelrights bought by jackson then sold to sony music on his death. mccartn

long that lasts spirit -- how long that lasts. with netflix, we think they can add more subs in u.s. and international markets. modestly facebook outperformed the market, but it is dramatically d rated. -- derated. we could make the money on the long side. caroline: looking at the chart, they actually performed in order better. google was the laggard for 2016. looking at the overall market, i went to google -- i want to dig into google. some of their outside bets could actually bring in some money? >> that would be a surprise. we think it is something that probably won't happen. the odds are grading -- greater than the market ascribes do. netflix has come down because people have become skeptical about the other bets. what about nest and home automation? google fiber has been caught back. the market has tuned off and tuned out that segment. there are some interesting bets in there. when it comes to autonomous vehicles, there are one or two or three winners. google could be one of those. when is hard to know. when those bets start to show any materiality, that will be the surprise fo

is always going to unless they screw it up, i don't think anybody is going to be close to netflix. they takenot mean essentially the market share of the world. i don't think anyone will be as large. but there is plenty of rooms for , and programmers programmers with many subscribers, just not at their level. is cable tvead? >> i don't think anything really kills anything. >> unraveling? we have had for 40 years or so, you have had cable being the only place you could get a bundle of programming. that is ending. now, all you need is an internet connection, and you can get little bundles, etc. cable has to eve all -- cable has to evolve. it is warehousing everything and selling it for one package price, then it will be gone. >> what do you think will work? what will be the model that goes through? i think that the cable operators are essentially now and the data transmission business, and no longer in the program business. they used to be in the program business with healthy margins. now, when you have so many different alternatives --they are in the data business. >> does this expl

one of your top picks for 2017. they're comparing facebook and netflix. let's have a look at where potentially they could perform versus s and p. not so pretty last year. they did lag in the s&p 500 overall as a benchmark. what about 2017? >> 2015 was the year of dramatic outperformance. it is rare to see outperformance two years in a row. stocks were up over 80%. going into 2016, frankly up until the trump election, the sector had outperformed. we have had this trump rotation away from growth. i am not sure how long that lasts. i fully respect that will be headwind for a while. first with netflix, we think they can add more subs in u.s. and international markets. if we are right on that, the stock goes higher. secondly, facebook modestly outperformed the market, but it is dramatically derated. multiples come down a lot. we could make the money on the long side. both estimates and multiples. caroline: looking at the chart, they actually performed in order better. google was the laggard for 2016. looking at the overall market, i want to dig into google. you say that finally, some of

looking at the content space, such as netflix. there has been talk about apple getting into the space. using companies -- do you think companies need to own content? >> no. these tech companies that are engaged in distribution, what apple was doing, amazon has prime, they are essentially distributors. they can buy any content. they don't need to own the content directly. if they are going to begin to produce content themselves, then, that is another thing. but that is something you would haveto really not aptitude for. you have to make editorial choices. reporter: i would love to hear about how the lions gate platform came about. >> we are developing a platform for people to use. one of the most recent places we went we said, why don't you put your programming on video, on our platform, and they said yes. reporter: is there anything we need to keep an eye out for. >> yes. reporter: can you give us a time frame? >> no, look. we are very much now in business. so, weeks, months, years, we are going to be active. we will have an independent platform that is not owned by the totalitarian c

also says environment will remain positive for high-year-old bonds. -- high yield bonds. david: netflix looks to apple and google for how to expand its global audience. this is bloomberg. ♪ david: this is bloomberg markets. netflix sees international markets as key to its long-term success and brazil is central to that goal. with the plan for worldwide video domination. what have they set out to do? lucas: if you listen to reed hastings talk, he founded netflix in 1997. 20 years ago, he was a much younger man, we were much younger man. over the past 20 years, he has watched some of these big tech proliferation a of the internet to build the biggest companies in the world. google search, facebook with social network, amazon with e-commerce. of that set.is he is not a hollywood guy. he sits on the board of facebook. he is an entrepreneur who started a couple of different companies. he believes the future of television is on the internet and he wants netflix to be the primary and if possible the dominant network in that area. that means not just being successful in the u.s., which it alr

will dissect the numbers in a moment. facebook, grubhub, netflix -- let's start with facebook, race --ace drawn by it rain raised to a strong buy at raymond james. grubhub made the top pick in the small and mid-cap space. i sure restaurants being added to the company, driving faster growth. netflix up by almost 1%. deutsche bank says they see subscriber growth as a catalyst for the company. on the downside, gamers, gamestop is -- gamestop is up by 8% -- off by a percent. 90% for thened 18 to holiday period. that is also dragging down activision. nintendo set the price of the new console system, the switch, at $299, higher than analysts estimated. nintendo is trying to invigorate the platform environment. those are some of the non-bank movers. david: joining us once again is alison williams. welcome back. thanks for your work here today. looking at these three sets of earnings now, if you were going to give us one headline what would it be? alison: i think the most important thing i have seen as the share repurchase from bank of america. as we have discussed going into this earnings

under "any circumstances." bloombergur latest flash. david: netflix will release fourth-quarter sales after the bell today. cory johnson in san francisco. give us a sense of how much growth analysts are expecting to see. cory: well, as far as analysts' expectations, the support is content. the contents, the original content for netflix is a very different businesses than a couple of years ago because of the money they are sinking that the content. the way that change the business. there are so important because they are part of a long-term plan. it is a set up for marvel defenders movie that will not be a netflix movie but will support a for structure like jessica jones and others. they have a big plan, daredevil is another one. they started to crate this infrastructure in the water world of content to drive subscriber growth of the long-term. the problem is, a significant expense. when we look at how they are growing subscribers, want to keep in mind how they are supported through content expenditures. a subscriber base of 87 million. the pace the subscribers are growing is an

has netflix? hey, drop a beat. ♪ show me orange is the new black ♪ ♪ wait, no, bloodline ♪ how about bojack, luke cage ♪ oh, dj tanner maybe show me lilyhammer ♪ ♪ stranger things, marseille, the fall ♪ ♪ in the same place as my basketball? ♪ ♪ narcos, fearless, cooked ♪ the crown, marco polo, lost and found ♪ ♪ grace and frankie, hemlock grove, season one of...! ♪ show me house of cards. finally, you can now find all of netflix in the same place as all your other entertainment. on xfinity x1. anything with a screen is a tv. stream 130 live channels, plus 40,000 on demand tv shows and movies, all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. ♪ narrator: the challenges facing our world are growing all the time. how do we build stronger economies with equal opportunities for all? how do we build a sustainable world for generations to come? how do we protect our cities and harness the power of technology for our common benefit? humanity has always bee

and we like these. alix: netflix hitting a record high friday in amazon the highest since october. facebook hit a two-month high. netflix fundamental he at the top. mark: they will add more subscribers in the u.s. and anternational markets th they did in 2016 because they will be against the price increases last year. facebook may have the most interesting valuation. this is the lowest multiple you have had a chance to look at it since the ipo. we think numbers on the street could still go up. amazon -- what's new about amazon as i am fascinated by the system they are building. this is the biggest new development in tech. it three years ago was. the amazon cloud. the biggest new development is alexa and it's underappreciated by investors. jonathan: when will it start delivering money in a considerable wife? mark: cash flows have now moved through for amazon. the stock is now trading around 20 times next year free cash flow. this is what he most attractive entry points in terms of cash flow and sometime. jonathan: it is easy for me to say that tax cuts are going to be good for xyz.

that by focusing on people who actually pose a threat. the netflix ceo wrote the next day, trump's actions are hurting netflix employees around the world and are so un-american it pains us all. statements appeared to grow in intensity over the weekend after protests andh amid a taxi strike. tweeted, the travel ban is against everything uber stands for. willriver who cannot work be compensated for lost earnings. also promising to donate a million dollars to the aclu over three years. housing tooffering anyone not allowed into the u.s.. tweeted, the blanket entry ban on citizens from certain primarily muslim countries is not the best way to address the country's challenges. he went on to ask followers to read the immigration order, saying let me know specific amendments. we will seek advisory council consensus and present to the president. at least half of the top 20 u.s. tech companies were founded or are currently led by an immigrant. , the those microsoft ceo google ceo, and apple ceo tim cook, all issuing statements condemning the travel ban and supporting their immigrant employe

. facebook, amazon, netflix, and google all rallying almost 2% this week. for more we are joined by oliver renick. overall, it was a strong day for tech. >> the dow once again going back and forth around 20,000. 1230.lly popped around it is that there before falling off. is thery of the market largest degree of gains. anytime you have financial and tech stocks rallying together, that obviously helps lift the market when you have gains of upward of 4%. when you are looking at amazon and you are looking at apple, they did pretty well. the fact that these are back also goes in line with the idea that we have seen investors favor some of the higher data stock, some that move with greater swings relative to the market. >> apple helping the dow. analyst,talk to the give us a sense of whether they think this is going to last. are we ever going to get past that symbolic number? >> the technical people take it more seriously than others. one person we talked to said we are burning out at this level. you may have trouble getting more buyers to take over that. the technical people that rely on those

the flipside, a lot of tech companies are increasingly looking at the content space. netflix is an example. amazon has made huge strides in the space. there is talk about apple getting into the space. do you think company needs to own content to get into it? guest: no. reporter: why is that? guest: if you want to own content, you have to distribute it everywhere, so these tech companies that are engaged in distribution, they are essentially distributors. any content. they don't need to own directly the content. if they are going to actually begin to produce content insults -- content themselves, that's another thing, but that's something you have to really have a non-tech aptitude for. you have to have the ability to make editorial choices. vimeo signed a deal with lions gate. i'm curious how that came about. guest: we are developing vimeo for a platform for everyone to use. we went to one or two people and said, your programming on our platform? they said, yes three at we will do much more of that. reporter: are there any deals pending that we need to keep an eye out for? guest: y

retail. i am personally a big bowl on netflix -- bull on netflix. we can pitch it to death, but it is difficult to get people to buy trade. net neutrality is an issue. that is one of the changes trump is potentially going to put through. you have a new fcc chair, and it is not clear what that will mean for net neutrality and what that issue essentially does is it puts pressure on youtube and netflix who they have hometially got a common alongside every other piece of internet traffic and what net neutrality can do is throttle that and say you have to pay for this fast axis ace. access talk about the -- base. guy: everything seems to work with the echo and that point is very much here. , and christmas sales of those devices have been strong. can we pick a winner in that space here? oliver: i don't think so as of yet. a couple people back to the office got these things for christmas and are raving about them. i have not got one myself although i probably should. if you look at who is leading that it is amazon, google. thele's product is arguably better of the two, but the issue for goog

grove, season one of...! ♪ show me house of cards. finally, you can now find all of netflix in the same place as all your other entertainment. on xfinity x1. ♪ live from bloomberg world headquarters in new york and london. i am vonnie quinn. mark: i am mark barton. this is "bloomberg markets." alisa parenti has our stories from our newsroom in new york. president-elect donald trump criticized house republicans are moving to weaken the independent ethics watchdog. the caucus voted to put the office under the control of the hot the ethics committee and restrict its authority. on twitter, trump wrote -- with all that congress has to work on, do they really have to make the weakening of the independent ethics watchdog as unfair as it may be the number one act and priority? he suggested they focus on tax reform and health care. meanwhile, top scientists in the u.s. are urging president-elect donald trump not to scrap the iran nuclear deal. they sent a letter, saying the agreement to magically reduced could makeiran nuclear weapons quickly. trump has said his number one priority is to

netflix? hey, drop a beat. ♪ show me orange is the new black ♪ ♪ wait, no, bloodline ♪ how about bojack, luke cage ♪ oh, dj tanner maybe show me lilyhammer ♪ ♪ stranger things, marseille, the fall ♪ ♪ in the same place as my basketball? ♪ ♪ narcos, fearless, cooked ♪ the crown, marco polo, lost and found ♪ ♪ grace and frankie, hemlock grove, season one of...! ♪ show me house of cards. finally, you can now find all of netflix in the same place as all your other entertainment. on xfinity x1. anything with a screen is a tv. stream 130 live channels. plus 40,000 on demand tv shows and movies, all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. >> it is 12:30 p.m. in hong kong. these of the first word headlines. of the chinesey economy in the new year's shows strengthening. came in atreading 51.9, head of predictions of 50.9. china's latest official pmi data indicates a strong into 22016 with the economy continuing to stabilize. december, a high. shrunk

we can. >> this is bloomberg. ♪ ♪. michael: this is bloomberg best. wow, x1 has netflix? hey, drop a beat. ♪ show me orange is the new black ♪ ♪ wait, no, bloodline ♪ how about bojack, luke cage ♪ oh, dj tanner maybe show me lilyhammer ♪ ♪ stranger things, marseille, the fall ♪ ♪ in the same place as my basketball? ♪ ♪ narcos, fearless, cooked ♪ the crown, marco polo, lost and found ♪ ♪ grace and frankie, hemlock grove, season one of...! ♪ show me house of cards. finally, you can now find all of netflix in the same place as all your other entertainment. on xfinity x1. anything with a screen is a tv. stream 130 live channels, plus 40,000 on demand tv shows and movies, all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. ♪ michael: this is "bloomberg best." i'm michael mckee. at his wednesday press conference, president-elect donald trump put drug companies on notice to expect new, consumer-friendly pricing regulations. earlier in the week, er

of 1%. ♪ wow, x1 has netflix? hey, drop a beat. ♪ show me orange is the new black ♪ ♪ wait, no, bloodline ♪ how about bojack, luke cage ♪ oh, dj tanner maybe show me lilyhammer ♪ ♪ stranger things, marseille, the fall ♪ ♪ in the same place as my basketball? ♪ ♪ narcos, fearless, cooked ♪ the crown, marco polo, lost and found ♪ ♪ grace and frankie, hemlock grove, season one of...! ♪ show me house of cards. finally, you can now find all of netflix in the same place as all your other entertainment. on xfinity x1. anything with a screen is a tv. stream 130 live channels, plus 40,000 on demand tv shows and movies, all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. vonnie: shares of cs chrysler down 10%. a huge drop in the last few moments. julie: headlines from reuters saying that the epa in the u.s. is going to accuse the company of excess diesel emissions software. according to reuters reporting. certainly the stock is reacting. this resume a boy

next. ♪ wow, x1 has netflix? hey, drop a beat. ♪ show me orange is the new black ♪ ♪ wait, no, bloodline ♪ how about bojack, luke cage ♪ oh, dj tanner maybe show me lilyhammer ♪ ♪ stranger things, marseille, the fall ♪ ♪ in the same place as my basketball? ♪ ♪ narcos, fearless, cooked ♪ the crown, marco polo, lost and found ♪ ♪ grace and frankie, hemlock grove, season one of...! ♪ show me house of cards. finally, you can now find all of netflix in the same place as all your other entertainment. on xfinity x1. anything with a screen is a tv. stream 130 live channels. plus 40,000 on demand tv shows and movies, all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. >> it is 10:29 a.m. in hong kong. i am haidi lun with first word headlines. indonesia says it will allow j.p. morgan to do private business despite cutting official ties to the company. the finance ministry said the bank is still allowed to operate, but it will not have a contract with th

, you can now find all of netflix in the same place as all your other entertainment. on xfinity x1. ♪ david: so, what did your family think? did they say that there's something wrong with this young man. he just wants to do computers? bill: it was considered a little strange. david: have you thought how much better your life would be if you got your harvard degree? bill: i am a weird dropout, because i take college courses all the time. david: what about steve jobs in those days? what was your relationship with him? bill: we were both there at the very beginning. david: you are the wealthiest man in the world -- is that more of a burden than a pleasure, to be the wealthiest men in the world? >> would you fix your tie, please? david: people wouldn't recognize me if my tie was fixed. let's leave it this way. all right. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes someb

all the top interviews from this week in tech. coming up, netflix's crown jewels come out with a huge beat this week. we will break down the case against qualcomm as the fight over licensing heads to court. and why a judge decided not to arrest samsung's heir apparent.