tv Bloomberg West Bloomberg April 7, 2016 11:00pm-12:01am EDT
who is out? at&t comcast and microsoft. who is next? bryan womack helped break the story. gentlemen thank you so much for joining us. what do we know. brian: we know the deadline is very up on us on monday. is not that verizon really expected to be going after yahoo!. yahoo! japan. it's march the who isn't. .t&t and comcast
the fact that verizon is going after yahoo!. paul: no it would be crazy. we in that part of the investment process where investment bankers lie. who tried to flush out other bidders by naming these bids to get the word out so people feel they have to bid. this is the way you try to drum up more bidders in the process. it looks like it really has a dearth of bidders. we may even see one of these private equity firms tie up with verizon and be part of the bid. it might even turn into a process with her arms bidders at all. it really doesn't work. a week ago it a story in the wall street journal a ludicrous
number. why sit back and thought about it yahoo! has a lot of users. the messaging property. marissa mayer works there. october yet who announced we will be working with google to do some search things. there is a little bit of cynicism out there about how much google can gain from that. i wonder if her eyes and is welly the only bidder here are having some technical difficulties. brian what you think about this.
brian: it is definitely the most serious one. we've heard that name from early on in this process. verizon really does see something there. they have three investment bankers. hey we will see what happens. emily: what does this mean from ursa minor? -- marissa mayer? marissa is out of a job. part i don't want to be of anything like that. that would leave her out of the loop. i think she had more than she wants to do.
emily: paul have is this play after yahoo! and for marissa mayer? paul: she is out of a job. i think he gets a bad rap here. terms of the selling process we end up with a single bidder for practical purposes which is verizon. there might be some financial buyers willing to do it. amalie: what you think would be most attractive for the company? marissa has talked about how she wants this turnaround to go. pressure emily:
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: 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 trees largest internet giants. it was given at least a $20 billion valuation. uber is valued at more than $60 billion. giants for bond investors. investors are snapping up bonds from alibaba and other companies. in place of state backed firms. as default risks amount. dollar bonds from these firms have returned over 4%. it fits into the broader economic shift we've been seeing in china toward services like e-commerce and entertainment. joining us now to discuss her outlook for these companies is wendy wong. you cover alibaba.
we were just talking about yahoo! earlier. a very complicated than long history between yahoo! and alibaba. all of these other companies are providing for yahoo!'s attention. why isn't alibaba bidding on yahoo!? wendy: if you'll get alibaba's balance sheet as they are sitting on very strong cash reserves. they do have the capability to bid for. however if you look at recent strategies they're talking about they are looking at the new media. looking at opportunities in china. if you look at the existing investment portfolios they already have a big stake in those firms. that is actually the new media strategy that is shaking up in china. beingp priority is not
he had this to say in reference to yahoo!. >> 10 years ago who had the most successful internet company in the world. yahoo! know where it is going. we have to watch everything. he is saying yahoo! was at the top 10 years ago and it is not anymore. versus us about alibaba baidu versus $.10. you see them as the big three for the future or are they under threat? wendy: if you look at the mobile apps which they upgraded
internet traffic shares much more fragmented and taken by the google facebook adventure. in china we are seeing companies that are more concentrated in certain industries. $.10 is getting more shares. away from alibaba. getting more of the mobile internet spent in china. emily: you are pretty bullish on baidu. all threeyou look at companies they started setting up the research centers in silicon valley. they also may be tried to launch other things were changing as well. i think appeared to alibaba and by do is relatively less
baidu is less global. which may be in the nature of the search engine. also including the search traffic. only doing one thing. yearare burning more every just on the revelations. market anding a huge everyone is talking about in china. getting the attention of that industry. emily: thank you so much for joining us. soon a generating power from ocean tides? firstany is building the title power generator. ♪
emily: seed funding for a new research program across asia. the center for resource solutions. it will help companies know if the power they buy comes from clean sources. the long-term goal is to power all the operations through clean energy. trying to move its data centers to clean power sources. for the final installment in our deep dive into the world of renewable energy. today we will meet a company that could become the first in the world to generate a serious amount of energy from ocean tides. tidalk. startup lagoon power is seeking the
subsidies necessary for the project to go ahead. she began by asking how this technology works. >> the tide comes in twice a day and goes out twice a day. we build a lagoon. turbines make power predictably and that is a great thing. it is double technology capable of improvement. it is safe technology. it is going to work. it works for about a hundred 20 years. 120 years. such an easy way of harnessing really efficient energy that is low carbon and predictable. one, the great thing about these lagoons is that the more the bigger you do it the more efficient it is.
that is about 175,000 homes. increase if we double the turbines uprom 16 to about 90 turbines. by doubling the enclosure we actually multiply the enclosed area by 10. really serious as part of energy portfolio. first are a company like us with $2 billion that is a big project. swan season whales in the west of united kingdom. >> some great locations. the western side of india. canada. some great sites in france. this is a form we will have another ways.
first are a company we need something we are capable of showing. we have the expertise. we know how to run that supply chains. have sizable of the subsidy do you need? we need a subsidy. .articularly for swansea we need to be compatible with nuclear. that could radically reduce it. an equivalent price. it gets more and more advantageous as we increase the size of the project. and we have a learning curve. wind, they had proved as they did more projects for the work. a massive decline in price.
just the scale of the project is enough. and on top of that will have economies of scale. these turbines are very clever. they are not nuclear reactors. the united kingdom will have mechanical engineers. a 40% shortage of power. you can argue that may be 30%. we always have an energy mix. this gives you predictable security power that becomes more and more efficient. we have a climate change tax in the united kingdom.
this is such an obvious thing to be developing. you suddenly got oil prices at $30 per barrel. how does that affect your long-term operations. how competitive is conveyed. >> i think it helps. the idea that anyone is going to put a 10 million pounds project into mothballs is gone. is there on the u.s. economy on shale gas? i have heard $200 billion in debt. with equity at risk to. too. we are going to see a carbon tax of some sort. an 80re going to be degree world rather than a 40 degree world. we're going to ration oil and gas. we should be doing things more intelligently.
once we get the first project is about $2 billion to install. the next project is that $10 billion. he is out there saying energy storage is the key. we're going for revolution out of the way we've done this. the big guy in the middle. we need more efficiency of distributed power. emily: the four general who led
thank you. ordering chinese food is a very predictable experience. i order b14. i get b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consistently get it? you do with comcast business. it's reliable. just like kung pao fish.
thank you, ping. reliably fast internet starts at $59.95 a month. comcast business. built for business. shares are heading for their longest losing streak since january turmoil. retailing is among the big losers. a second cut the full-year forecast. it lowered its operating profit forecast by one third. a record mild winter in japan.
janet yellen says the economy is on a solid course not a bubble. she was joined to the panel discussion in new york. the first time that all four living fed shares have appeared together. bernanke said his qe program had been successful. he warned that if we stick with it became put the entire burden on central banks. japan is coming back online. a lot of speculation about whether they will be in intervention in the yen. the shanghai composite going into the break down about 1%.
extending those gains in hong kong. emily: this week i sit down with general keith alexander the four-star general who was head of the nsa during the edward snowden revelations. these days he is still tackling cybercrime on the corporate side. i started by asking him about life after the nsa. general: i wasn't sure what is going to do. i didn't know if i want to work for somebody i was looking forward to working with somebody.
i talked to some of the financial institutions and other companies. they said with what you know about cyber security when you start a cyber security company to solve some of these problems. the more i got into it i talked to some of the guys were out there. i said would you be in houston doing this. i said we can start a company. it's going to make everybody safer. when you look at cyber security for a company. such as a banker and energy company or health care. one of the problems you see? how we address them?
we lost a lot of capabilities there. were't think as good as we in the decade following 9/11 i don't think this next decade will be anymore close. we've lost that much capability. i think we will see significant terrorist events i would predict. more likely in europe and the united states. it is easier for terrorists to get there. i think the travel program is helping radio. i don't think that is sufficient. we will see jihadists and global type things. it will bring us back to a discussion on civil liberties and privacy and security. right now we have an opportunity to do this in an nonemotional matter. which take that opportunity and
solve these problems to the best of our ability it won't be perfect. but get reasonable people to the table. show them what is going on. if you come up with an international solution that doesn't disadvantage are industry. you take warren buffett's discussion of is this a great place. we want our children and grandchildren to have a great life and to be secure. to be able to leverage all this technology that we have now. to solve things like cancer. to have a full and happy life. i think that means evolving what we are seeing in these other discussions.
help tell the whole story. you would have told enigma. but there is a lot others stuff out there that is not being talked about. it is a great country it really is. debatesou listen to the you would think everything was bad. what about the good things? soldiers and those policemen and those people who work quietly and selflessly to protect this country. what if we gave them a big hand. at times we throw them under the bus. we should have these debates by think they have got to put all
the information on the table. emily: more of my interview can be seen on studio 1.0. you can access all of the interviews by heading to bloomberg.com. details are emerging on how federal investigators have to the iphone of the san bernardino shooter. the fbi provided information on the software they used to decode vital data on the phone. he bought the tool for a private party. it only works on a narrow slice of phone. models.n't unlock newer a stock we are watching his barren systems. it is lost nearly half its
value. the comedy cells of spyware. it is reaped big profits selling to emerging markets like brazil. the company says it is waiting out a slowdown in emerging markets by shifting focus to the security needs of western europe and others. it is high on the agenda of government. seethought you would never a world with zero emission power stations? we sit down with one company saying they can make it happen. ♪
firms are refocusing their investing efforts. venture capitalists made fewer bets in the last quarter. investing in more mature companies. last quarter so the fewest number of venture deals for four years. they have become skeptical of startup valuations. tomorrow special edition of bloomberg west on unicorns, bubble or boom? this week's deep dive into
renewable energy. a futuristic technology that could in fact be closer to reality than we think it is. zero missions power stations. that is what the start of net power can do. by reimagining the steam powered turbines we've known since the dawn of the industrial age. the new design would still use fossil fuels but it's only byproduct would be carbon dioxide. sure enough to use for other purposes. i caught up with net power ceo bill brown. to see how the technology would work. every single way of making electricity from fossil fuels has had one component forever. that is steam. we boil some water. we expand the water from a big piece of water and we pushed through a turbine it turns and it makes electricity that is the way we've been doing it for a long time. the problem with steam is that about 50% of the energy from steam cycles is wasted.
it goes into the air. it doesn't stay in the cycle. what we did was decided how can we keep the heat in the system? we take oxygen and natural gas and. theept it in the system demonstration plan is being built southeast of houston texas. it is being built by exelon. toshiba is providing the turbines. a year from now it will fire up. our goal is to make it such that no matter what the price of that will not be
a factor because we will be of a 100% of the carbon. we are at 59% efficient. if we capture all the carbon dioxide. somewhere roughly between 800 and $1200 per unit. we will cost the same. ambulance to cost we capture 100% of the carbon and we have there's a huge market for something called enhanced oil recovery. their 450 miles of pipeline all around this country. carbon dioxide is a pain center for oil. it gets more oil out of it. at the same time we can put some
fuels ando the ground other beneficial chemicals. we think for instance in the united states if we are talking with some of the biggest power companies in the united states they are very interested in this technology because they realize the possibility that this becomes the best available control technology. any new technology will have to beat us.
we are also focusing on china. and india. they are focused on building coal plants as far as the eye can see. we're looking at china and india as the seniormost reaches of both the government and the private sector. emily: a story we are watching they are firing many employees at mashable. internet media companies are trying to reorganize. shifting from politics and world news to entertainment. spacex gets ready to ride once again. why the launch is more important than ever for elon musk. ♪
space is expensive not to mention risky. a handful of private companies are working to bring the price down. in this edition of out of this world, we look at space taxis. historyfirst time in nasa wants to handoff routine international space station resupply missions to private companies. there is much more at stake than that. willpace taxi companies help transport astronauts soon and after that tourists. including companies elon musk's spacex will ferry nasa supplies. we have lift off of spacex a falcon nine. needsice of these trips to come down. space entrepreneurs are counting on two words. reusable rockets.
booster rockets sibley burned up on reentry. musk says creating booster rockets that can be reused will reduce the cost of the trip 100 fold. both companies successfully landed rockets to touchdown. his reaction was welcome back baby. since the spatial shuttle program ended in 2011, nasa has been focusing on mars and the farther reaches of space. as nasa'ss russia only option for propelling astronauts into orbit. some argue that private competition will bring down the price. and with that the cost of space exploration. there are very real safety concerns. it crashed on a test flight in october 2014 killing the pilot. tragedy,on to being a
it could end space tourism altogether. for now nasa's only option seems to be russia. emily: spacex has another big launch planned for friday. it will attempt to deliver supplies to the space station. module thatflatable may one day be used for space hotels. it brings us a step closer to space taxis. eric: there are two things that spacex needs to achieve tomorrow. the first is getting this rocket and his cargo successfully to the space station. in june of last year for last time you tried to deliver failed andhe rocket it was a catastrophic explosion.
they have recovered from it and they have launched rockets since then. not to the space station. they also need to nail the landing. it is so is been exciting to watch takeoffs. notice time to watch them land. as the video indicated making these launches reusable is the key to getting the cost down. amalie: what is the timeframe for passengers? when can we get a human into space on this? there is no timeframe because there's is so much ground work left to be done. as for space tourists go. 2017 they may be shuttling the first professional astronauts into space. there is no date on the drawing board for people like you and me. which company is farthest
along? and orbital sciences have taken over the contracts to launch materials for the united states. those two are the ones who are out front. emily: thank you so much. it is time to find out who is having the best day ever. today the honor goes to star wars fans. disney released a trailer for the latest installment of the franchise. called rogue one. felicity jones and forest whitaker star in the film. may the force be with them. tomorrow a special edition of bloomberg west. unicorns, bubble or boom?