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we will be watching matt miller in new york, in an aston martin, in style. thank you, matt. why new york state and city officials are challenging lyft's arrival. regionalhe former commissioner of the scar. professor ofis a management sciences at nyu stern school of business. his research focuses on how to regulate destructive technologies. gentlemen, thank you so much for joining us. is new york making the right call trying to ban lyft? >> it is a more public in its story in new york than it is in any other american city. we rely so much more on public transportation. as a consequence, our regulatory of the structure is so much deeper, and so much more complex. the ways in which we regulate the analogues, the old way of sharing, is a little more complicated than it is in a city like austin or a city like san francisco. this is the beginning of the conversation. it's a conversation that has to recognize as matt pointed out that we are blurring the lines between personal and professional here. we used a sort of live in a wouldwhere some people not drive people commercially, an
we will be watching matt miller in new york, in an aston martin, in style. thank you, matt. why new york state and city officials are challenging lyft's arrival. regionalhe former commissioner of the scar. professor ofis a management sciences at nyu stern school of business. his research focuses on how to regulate destructive technologies. gentlemen, thank you so much for joining us. is new york making the right call trying to ban lyft? >> it is a more public in its story in new york than...
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Jul 7, 2014
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on the markets with matt miller is next. it is 56 past that were. that means bloomberg television is on the markets. matt miller. i want to get you caught up on where stocks are coming -- stocks are trading. the s&p 500 still 1976. the dow jones still holding over 17,000 him even after losing a third of a percent. nasdaq, the biggest losses down three quarters of a percent at 4300 -- 4452. keeping an ion treasuries seeing yields moving up today as the price moves down. 10 year down a little bit of an about-face as the yield comes down. not a lot of movement there. the lending rates are being carefully watched by pimco's bill gross as well. spending 200 million dollars of his own money. i am joinedhis bed, by mary childs. million people, 200 dollars is a lot of cash. i am guessing for bill gross, not so much. >> it is still real money. he is worth about two billion dollars and not reading -- betting the whole farm. >> how much risk is there? how much is he putting on the line? >> 200 million as of that. these investments are what he is buying. they t
on the markets with matt miller is next. it is 56 past that were. that means bloomberg television is on the markets. matt miller. i want to get you caught up on where stocks are coming -- stocks are trading. the s&p 500 still 1976. the dow jones still holding over 17,000 him even after losing a third of a percent. nasdaq, the biggest losses down three quarters of a percent at 4300 -- 4452. keeping an ion treasuries seeing yields moving up today as the price moves down. 10 year down a little...
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Jul 25, 2014
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matt miller in for erik schatzker. pleasure to be in. >> i just want to point out, as we were getting excited, you said let's goose this pig. what does that mean? crumpton says that every time he starts a program. >> i want you to know when you are sitting next to me, kicking it off with "let's goose this pig" isn't so good. >> that is a little behind the scenes there. now time for top news. rupert murdoch is raising cash potentially to sweeten his bid for time warner. 21st century fox agreed today to sell its pay tv businesses in italy and germany to bskyb. fox has $9 billion all in cash. herbalife is upping its game in washington. the company is hiring a former aide to vice president biden. alan hoffman will oversee public policy and government affairs. is currently investigating the company over allegations that it is a aramid game -- pyramid scheme. with seinfeld is in talks netflix. ph" "daily telegra reports that conversations were currently taking place. he 180-episode show about nothing has already generated so
matt miller in for erik schatzker. pleasure to be in. >> i just want to point out, as we were getting excited, you said let's goose this pig. what does that mean? crumpton says that every time he starts a program. >> i want you to know when you are sitting next to me, kicking it off with "let's goose this pig" isn't so good. >> that is a little behind the scenes there. now time for top news. rupert murdoch is raising cash potentially to sweeten his bid for time...
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Jul 10, 2014
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i think matt tried and it didn't quite work. there are different people associated with the company. i spoke to an out of her of the company who said it is a shell company for people to come up with social media ideas. i spoke to an attorney and he has not yet returned my calls. ceo of the company -- i believe this would be the third or fourth -- again, this is a letter from the attorney and it is not clear how much validity as, but he lists an address in belize. i called the office building and there is no suite 400, they never heard of the guy, never heard of the company. still a little mysterious what is going on. belize,n address in appears to be incorporated in nevada. how does a company that doesn't appear to really have a product get a $5 billion market cap? way, toweird sort of use the old software expression, that is actually a feature, not a bug. -- don'thave somebody have somebody on the other side is as we do this and this and this, or here's a bunch of press releases describing what we do, thatit comes to an otc, wo
i think matt tried and it didn't quite work. there are different people associated with the company. i spoke to an out of her of the company who said it is a shell company for people to come up with social media ideas. i spoke to an attorney and he has not yet returned my calls. ceo of the company -- i believe this would be the third or fourth -- again, this is a letter from the attorney and it is not clear how much validity as, but he lists an address in belize. i called the office building...
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Jul 9, 2014
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matt campbell, thank you so much. matt campbell in london. moving and shaking this morning, yet -- team germany. the germans shocked brazil with a record-breaking 7-1 victory. ever. brazil's worst loss humiliation for a team hoping to win the world cup on their home soil. fanse were crying and the -- stands. it also set a record on twitter. during atweets sporting event. final, germany will play the winner between argentina and the netherlands. what a big difference between those sides in the stands. coming up, the future of the big banks -- one branch -- one big chance big bank's bread -- branches will disappear and money will become in and take. uber versus list -- who will come on top -- come out on top? ♪ >> first. bloomberg. >> in an op-ed piece in yesterday's "wall street journal ," morgan stanley's ceo james gorman made bold predictions branchesitional bank will disappear and cold, hard cash, you will not need it anymore. he writes -- morning for perspective is connect one bank ceo frank sorrentino. it is one of the largest banks in
matt campbell, thank you so much. matt campbell in london. moving and shaking this morning, yet -- team germany. the germans shocked brazil with a record-breaking 7-1 victory. ever. brazil's worst loss humiliation for a team hoping to win the world cup on their home soil. fanse were crying and the -- stands. it also set a record on twitter. during atweets sporting event. final, germany will play the winner between argentina and the netherlands. what a big difference between those sides in the...
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Jul 22, 2014
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that is coming up. ♪ the markets.or on i am matt miller. let us catch up on where stocks ended today. down across the board but not nearly as rough as it had been earlier this morning. points.jones down 125 s&p 500 got a quarter percent. ♪ >> you are watching "bloomberg west." i am emily chang here with cory johnson. the israeli ground assault in gaza is escalating with death tolls climbing on both sides. more than 500 palestinians, mainly civilians, had been killed since the israeli offensive began last week. the ids has lost 18 soldiers. how has technology helped in the efforts to avoid any more casualties? the red alert app creator joins us now from jerusalem. it is an app that warns israelis of an incoming rocket strike. we are joined by a man who led israel's missile defense system for nearly a decade on the phone. thank you both for joining us. uzi, i will start with you. we heard a lot about the technology and sophistication of the iron dome which helps prevent israelis from rocket attacks. can you explain how this works from the t
that is coming up. ♪ the markets.or on i am matt miller. let us catch up on where stocks ended today. down across the board but not nearly as rough as it had been earlier this morning. points.jones down 125 s&p 500 got a quarter percent. ♪ >> you are watching "bloomberg west." i am emily chang here with cory johnson. the israeli ground assault in gaza is escalating with death tolls climbing on both sides. more than 500 palestinians, mainly civilians, had been killed...
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i am matt miller. let's look at where we are 30 minutes into the trading day. we hit new records on friday and pretty much every day the last couple of weeks in equities. not a huge surprise to see us taking a bit of a breather. the s&p 500 down about .3%. the dow also down about .3%. still above 17,000 which we saw thursday. 4471.sdaq down .3% at let's take a look at where treasuries are trading. today we have bonds. take a look. the two year yield coming up to almost 2%. the 10-year coming up about .3% as well. we want to stick with bonds, which is why i bring up the quotes. not huge movement. investors flooded back to debt year.hey abandoned last as fear mounted, rates would rapidly rise or at least get back to normal. are they piling in at the wrong time? it is a question a lot of people, especially fund managers, have been asking themselves this year. what is going on? why did everyone get this wrong last year? >> there is so much cash out there. people were nervous about the economic recovery in the first quarter of the year, whether it was the weather or
i am matt miller. let's look at where we are 30 minutes into the trading day. we hit new records on friday and pretty much every day the last couple of weeks in equities. not a huge surprise to see us taking a bit of a breather. the s&p 500 down about .3%. the dow also down about .3%. still above 17,000 which we saw thursday. 4471.sdaq down .3% at let's take a look at where treasuries are trading. today we have bonds. take a look. the two year yield coming up to almost 2%. the 10-year...
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Jul 26, 2014
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>> my taxi license has long since expired, matt. new york city has a history of dangerous and bad drivers, which is why the license requirement began in the first place. licensing above and beyond and not just having drivers, but a class five license in new york state. >> but the yellow cab drivers are the most dangerous and bad drivers in the entire city. >> that is not true. >> ugh, i know so many people who have been hit by cabs. >> let's just say that their safety standards are higher. how is it different from what uber is doing? >> it isn't. >> it is the same? >> yeah. >> what about the vehicles themselves? >> uber has to have a tlc license driver and vehicle. this is kind of the same thing as uberx. i guess the one benefit is it will be all over new york. previously lyft was going to launch in brooklyn and queens. they had a business case for that. they thought it was underserved and it was compelling, but now it will be everywhere -- in manhattan and staten island and the bronx. i guess that is a positive for competition. >>
>> my taxi license has long since expired, matt. new york city has a history of dangerous and bad drivers, which is why the license requirement began in the first place. licensing above and beyond and not just having drivers, but a class five license in new york state. >> but the yellow cab drivers are the most dangerous and bad drivers in the entire city. >> that is not true. >> ugh, i know so many people who have been hit by cabs. >> let's just say that their...
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Jul 16, 2014
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matt miller joins us. god, here like, oh, my is going from a car company in detroit, about as old economy as you can get to google headquarters in california, which is about as new as economy gets for people your age or my age. really it makes sense if you alqan wasout the way talking, that ford is about mobility solutions and bringing people together. they are going to be part of the new way that people get around. it is not always about one person in his or her car but whole bunch of different systems. he was saying these things a lot. now i am finally saying i can't believe i didn't get it in the first place. >> you did not check this box before? the board of apple, the board of google? i asked him all these things all the time and he doesn't tell me because he is true blue. he is on the level. this is not a guy who leaks things to the press or tells his buddy certain things before he tells other people. that is not the right way to do business. >> you couldn't tell anyway. >> he didn't even give me a h
matt miller joins us. god, here like, oh, my is going from a car company in detroit, about as old economy as you can get to google headquarters in california, which is about as new as economy gets for people your age or my age. really it makes sense if you alqan wasout the way talking, that ford is about mobility solutions and bringing people together. they are going to be part of the new way that people get around. it is not always about one person in his or her car but whole bunch of...
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matt miller gets behind the wheel, next. ♪ >> welcome back to bloomberg west. we turn now to our wiring the world series. we're looking at technology is changing the future of transportation. rolls-royce vehicles are known for the luxurious features, but the rolls-royce is one of the most technologically advanced cars in the market today. matt miller took one for a spin to see how it was using high style with high tech. ♪ rolls-royce, the at $400,000 car. it had the incredible classic design, plus it has this super that rolls-royce has ever produced. there are the little luxury touches that rolls-royce delivers. you have the suicide doors. .uper luxurious shag carpeting the starry night sky liners. you can see a rolls-royce umbrella. the doors close automatically at the push of a button. it is actually more high tech than almost any other car on the market today. the most exciting feature as far as the technology is concerned is the way the gps and satellite systems work with the transmission and the headlights. so, if you were going into a corner, the satell
matt miller gets behind the wheel, next. ♪ >> welcome back to bloomberg west. we turn now to our wiring the world series. we're looking at technology is changing the future of transportation. rolls-royce vehicles are known for the luxurious features, but the rolls-royce is one of the most technologically advanced cars in the market today. matt miller took one for a spin to see how it was using high style with high tech. ♪ rolls-royce, the at $400,000 car. it had the incredible classic...
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Jul 11, 2014
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>> from bloomberg world headquarters, i matt miller. line," thettom intersection of economics with a mainstream perspective. dennis lockhart talks about the future of the federal reserve. we will have a sitdown with north carolina governor patrick for a. says he isjames returning to cleveland to play for the cavaliers. ♪ to our viewers here in the united states, and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today. peter cook with three big names, buffett, gates, and adelson foring to four -- pushing immigration reform. michael, what do you have for us? bring --have -- that said bank president. third of the day. welcome to the program. i will put you on the spot right away. fedpresident of the chicago told us first thing this morning that inflation is too low, and we shouldn't think about raising it -- interest rates. says inflationd is too high and we should raise interest rates. quickly. you get the george w. bush role, you get to -- >> i'm the one that ge
>> from bloomberg world headquarters, i matt miller. line," thettom intersection of economics with a mainstream perspective. dennis lockhart talks about the future of the federal reserve. we will have a sitdown with north carolina governor patrick for a. says he isjames returning to cleveland to play for the cavaliers. ♪ to our viewers here in the united states, and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making...
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Jul 21, 2014
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up next matt miller brings us and on the markets update for this monday. later stephanie ruhle and erik schatzker will speak live from pershing square. 2:45 p.m. newt york time. >> we are on the web at bloomberg.com, on your mobile device, on apple tv, and on amazon fire tv. we are coming up on 26 minutes past the hour, that means bloomberg television is on the markets. matt miller is standing by with the latest details. >> the market has been recovering from the losses we saw earlier this morning. take a look at the index. the dow jones industrial average at one point down 120 five points and is moving closer and closer to unchanged. the s&p 500 at 1794. watching is are herbalife. they're following -- they are 'slling ahead of bill ackman presentation. he claims that they mislead distributors, misrepresent sales figures, and sell commodity products at inflated rises. u.s. regulators and law are investigating those claims. more markets in 30 minutes. bottom line up next. >> of them back to the second half-hour of bottom line on bloomberg television. it is
up next matt miller brings us and on the markets update for this monday. later stephanie ruhle and erik schatzker will speak live from pershing square. 2:45 p.m. newt york time. >> we are on the web at bloomberg.com, on your mobile device, on apple tv, and on amazon fire tv. we are coming up on 26 minutes past the hour, that means bloomberg television is on the markets. matt miller is standing by with the latest details. >> the market has been recovering from the losses we saw...
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you've heard of this one, matt. the gap. the retailer posted to the unexpected drop that missed estimates. sales of the flagship jeans and a banana republic both to sell -- fell 7%. number four is amazon. the e-commerce giant is getting serious about the drone delivery system. the formally asked the government to test the system. amazon has been conducting drone test flights in doors and other countries. >> number three is rent-a-center. they delivered reports well below estimates. suffering demand and economic rushers. the cigarette maker confirms .hat it is in talks to buy if the deal is reached, it would create a company with more than $13 billion in annual sales. >> wells fargo. 2009,e first time since wells did not increase its earnings per share from a prior quarter, ending a 17 corridor winning streak. the results marked the kickoff of bank earnings. the market kicks off trading. i want to bring in jeff rosenberg. despite the recent comments from fed officials that they're , jeffd about inflation has not changed his v
you've heard of this one, matt. the gap. the retailer posted to the unexpected drop that missed estimates. sales of the flagship jeans and a banana republic both to sell -- fell 7%. number four is amazon. the e-commerce giant is getting serious about the drone delivery system. the formally asked the government to test the system. amazon has been conducting drone test flights in doors and other countries. >> number three is rent-a-center. they delivered reports well below estimates....
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Jul 16, 2014
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matt miller is standing by with the latest details. good afternoon. >> let's get you caught up on where the markets are trading after everyone listened to janet yellen this morning. you can see gains across the board. .5% on the s&p. one of the stocks we're keeping our eyes on today is general electric. latebreaking news here that the industrial giant is in talks with attentional suitors -- potential suitors. ge is reviving its efforts to divest the unit. we are on the markets again in 30 minutes. more "bottom line" up next. ♪ >> welcome back to the second half-hour of "bottom line." i'm mark. thinks first thing with us. , at is an air conditioner coke bottle and a tesla have in common? lithium. the company has agreed to spend over $6 billion to buy one of the largest lithium producers in the world. alix steel joins me now. every -- used in everything you buy your own. 53% of all lithium is used in rechargeable batteries. power tools, ipad, tablet, electric car, you name it. nickel to switch from a lithium ion. it is also used in gla
matt miller is standing by with the latest details. good afternoon. >> let's get you caught up on where the markets are trading after everyone listened to janet yellen this morning. you can see gains across the board. .5% on the s&p. one of the stocks we're keeping our eyes on today is general electric. latebreaking news here that the industrial giant is in talks with attentional suitors -- potential suitors. ge is reviving its efforts to divest the unit. we are on the markets again...
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Jul 14, 2014
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matt miller joins me now with the exclusive details. they hads right, planned on launching friday at 7:00, but the problem started last week when the department of financial services and attorney general contact the company tuesday saying it was not happy with the way they were providing its drivers insurance. number one, making the insurance above and beyond what drivers are using personally, excess liability coverage. number two, they accused them of selling the driver's insurance and from only one vendor, so not offering choice. the company says it is now going to give all of its drivers insurance as a primary insurance thomas and not above and beyond what they use personally but to begin with. also, that it does not charge them were sell them anything. you are automatically driving on the insurance policy. they get these details thursday but friday morning eric schneiderman still filed under order with the court to try to an injunction. the attorney general announced it had the injunction, although it did not. instead to wait to lau
matt miller joins me now with the exclusive details. they hads right, planned on launching friday at 7:00, but the problem started last week when the department of financial services and attorney general contact the company tuesday saying it was not happy with the way they were providing its drivers insurance. number one, making the insurance above and beyond what drivers are using personally, excess liability coverage. number two, they accused them of selling the driver's insurance and from...
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joining us from new york is bloomberg's matt miller. you have interviewed alan mulally many times over the years. did he give you any hints about this? >> he did not. i spent the morning e-mailing back and forth with him seeing what he's up to, how he's doing thinking he would drop me a clue on the future, but he just said he was hanging out, finishing his social security benefits and practicing his tennis game, not really telling me anything about google. that's about what i would expect from him. he's not a fan of cronyism and he will not give anyone any favors. just because we are great friends he does not give me the inside scoop. it does not surprise me he's gone to google to be a board member there. it seems ford, the way alan mulally sees it, and google, have more in common than one would think at first glance. >> is this a google putting even more chips on self driving cars? >> i don't know. first of all, there is not a company in the world that would not want alan mulally on their board. he is a singularly impressive guy. >> ta
joining us from new york is bloomberg's matt miller. you have interviewed alan mulally many times over the years. did he give you any hints about this? >> he did not. i spent the morning e-mailing back and forth with him seeing what he's up to, how he's doing thinking he would drop me a clue on the future, but he just said he was hanging out, finishing his social security benefits and practicing his tennis game, not really telling me anything about google. that's about what i would expect...
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Jul 15, 2014
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i wonder if matt asked him how he was finding his social security information. that might've been the clue. from a lolly, it's interesting, not just because he is such a great -- for more lolly, it's interesting, not just because he did such great things afford, but because a lot that happened at boeing happened under his development. of thatthe development and the market for that plane is something he gets the credit for as well. a widely respected leader. googles self driving car gets a lot of attention, but their efforts to put android in the dashboard are going to be the biggest effort in the near-term and maybe forever, understanding how car companies think about developing the dashboard and how other software makers could get inside that and are in deed doing so is going to be invaluable. you get inside the automobile, is yahoo! something you want to think about? we got some results today from the company. >> we got earnings results today. this is one of those great times you can really distinguish between what is happening with the stock and what is happe
i wonder if matt asked him how he was finding his social security information. that might've been the clue. from a lolly, it's interesting, not just because he is such a great -- for more lolly, it's interesting, not just because he did such great things afford, but because a lot that happened at boeing happened under his development. of thatthe development and the market for that plane is something he gets the credit for as well. a widely respected leader. googles self driving car gets a lot...
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Jul 10, 2014
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i'm matt miller in for mark crumpton. the hunt for yield has made speculative grade loans quite popular. but if buyers ask for their money back all at once, it may not be so easy to get it. some analysts are saying they should watch out. lisa bromwich has been following the story and joins me now. let's start with the difference between junk loans and junk bonds. not a lot of people think about this. there are number of professionals that work on it, but for the layman, what's the difference? >> they are not interchangeable. junk loans are not security. junk bonds are. when you trade a loan, the -- there are paper documents that lawyers, back-office staff have to sign off. it could take two to three weeks to complete the trade of a junk rated loan. bonds on the other hand are securities and you have to get your money back within three days. it is a pretty big stink chen even though they are both speculative grade that. >> but one is a security and one is an asset. init traditionally has not very liquid but is increasingly
i'm matt miller in for mark crumpton. the hunt for yield has made speculative grade loans quite popular. but if buyers ask for their money back all at once, it may not be so easy to get it. some analysts are saying they should watch out. lisa bromwich has been following the story and joins me now. let's start with the difference between junk loans and junk bonds. not a lot of people think about this. there are number of professionals that work on it, but for the layman, what's the difference?...
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matt, thank you very much. rajoming up, the brother of ranaratnam won't be joining him in prison. >> plus, putting limits on the fed. that is what some in congress want to do. the potential impact of a new house bill. ♪ >> you are watching "market makers." i am erik schatzker with stephanie ruhle. attorney's perfect record is no more. after 85 convictions on insider trading markets, he is now 85-1. juries acquitted rengan rajaratnam on conspiracy charges. he's the kid brother of raj rajaratnam, the most well-known hedge fund manager jailed in years. the former prosecutor is with us here as is bloomberg businessweek's sheelah kolhatkar. it did not weigh it -- it did not look like the case was going well into the verdict. are you surprised that your former boss lost the case? >> thank you for inviting me. every time the federal government brings a case like this, they believe in their case, they put all their resources to find it. -- all their resources behind it. here with all the evidence of re raj, theing to
matt, thank you very much. rajoming up, the brother of ranaratnam won't be joining him in prison. >> plus, putting limits on the fed. that is what some in congress want to do. the potential impact of a new house bill. ♪ >> you are watching "market makers." i am erik schatzker with stephanie ruhle. attorney's perfect record is no more. after 85 convictions on insider trading markets, he is now 85-1. juries acquitted rengan rajaratnam on conspiracy charges. he's the kid...
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Jul 24, 2014
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matt miller joins me along with chuck stevens. matt, take away. >> thank you. about the costsk you have set aside or the cost you pay for the actual recalls. it was $1.3 billion in the first quarter, $1.2 billion in the second quarter, and a lot of analysts do not seem to have accounted for that in their forecast. why do you think that is, and how much do you think it is going to be going forward? >> before i get into questions specifically arm the recall, if i could talk about overall performance, i think it is an important message to get out. we continue to have strong twolts, especially in our key markets, north america and china. recallexclude the campaigns, earnings on a year-over-year basis were up 20% with margins of about 9.2%. 14%hina, earnings were up year-over-year with margins of 10%. specifically to north america, despite the challenges related to the recap campaign, we continue to put up strong results. relative to your earlier question -- go ahead. >> we have been talking about your strong results for a few quarters now, and every day leading up
matt miller joins me along with chuck stevens. matt, take away. >> thank you. about the costsk you have set aside or the cost you pay for the actual recalls. it was $1.3 billion in the first quarter, $1.2 billion in the second quarter, and a lot of analysts do not seem to have accounted for that in their forecast. why do you think that is, and how much do you think it is going to be going forward? >> before i get into questions specifically arm the recall, if i could talk about...
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Jul 29, 2014
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i am matt miller. just an hour until the closing bell, and we are down on the s&p and the dow jones industrial average, and dow jones industrial under an, technically not important but psychologically pretty interesting. the nasdaq actually gaining right now, up about one quarter of one percent, and taking a look at treasuries, as well, as we come to a close, but the equity markets, seeing what bond did, the two year yield rising a little bit with a tiny little selloff, and we saw this in europe, as well, and our 10 year at 3.2%. that is what is going on here at home. we want to take you though overseas, where the h share bull market, or maybe a bear market. the director of market strategy says this is a buying opportunity in one of what is called the cheapest markets of the world. we are joined with a new way investors can invest. thank you. it had not really clicked with me. i always thought h shares, the china market, almost impossible for retail investors to get involved in, but there is an etf tha
i am matt miller. just an hour until the closing bell, and we are down on the s&p and the dow jones industrial average, and dow jones industrial under an, technically not important but psychologically pretty interesting. the nasdaq actually gaining right now, up about one quarter of one percent, and taking a look at treasuries, as well, as we come to a close, but the equity markets, seeing what bond did, the two year yield rising a little bit with a tiny little selloff, and we saw this in...
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. >> i'm matt miller, stephanie ruhle is all. breaking news out of europe, a diplomatic rift between u.s. and germany. the top u.s. intelligence officer in germany has been expelled days after the arrest of a german man accused of spying for the u.s.. hans nichols has more from berlin. >> the way the language is written, it feels like it was written in 1978. this head of the u.s. intelligence service needs to leave german soil. phrase.the it is difficult to underestimate how angry germans are about the variety of espionage allegations. yes, there was an word -- edward snowden. a potential double agent apprehended by german authorities a week ago. he is talking. raid recently, another on another potential spy for the u.s.. you will know things have gotten really bad over here if they expelled the u.s. ambassador. you'll know things are almost irreparable if they give edward snowden asylum in germany. that is something that a large section of the social democrats, certainly on the left side of the spectrum in germany, something the
. >> i'm matt miller, stephanie ruhle is all. breaking news out of europe, a diplomatic rift between u.s. and germany. the top u.s. intelligence officer in germany has been expelled days after the arrest of a german man accused of spying for the u.s.. hans nichols has more from berlin. >> the way the language is written, it feels like it was written in 1978. this head of the u.s. intelligence service needs to leave german soil. phrase.the it is difficult to underestimate how angry...
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. >> matt, let me ask you this. you mentioned open stack, open -source software. what does that mean to you? >> what i think that means is, first of all, microsoft is shifting and saying we're going to listen to what's going on out there in the community. why are people using the software that are not microsoft software, and by the way, what are the challenges and how can we have a role as microsoft in it? so, for instance, i wouldn't be surprised at all for them to be embracing some of the emerging -- look, languages like python have been around for a long time, but are now merging into this world of data analytics. what we've already seen with is background that they had yeah, we're going to run linux there. if you don't know what's going on, how can you be relevant as microsoft? that's the culture shift that's taking place five months in. >> there's a huge tech community in washington. describe what the impact, taking over, the ripple effect of these layoffs. how will that be felt throughout seattle and washington? >> i think we can look at it in the short term
. >> matt, let me ask you this. you mentioned open stack, open -source software. what does that mean to you? >> what i think that means is, first of all, microsoft is shifting and saying we're going to listen to what's going on out there in the community. why are people using the software that are not microsoft software, and by the way, what are the challenges and how can we have a role as microsoft in it? so, for instance, i wouldn't be surprised at all for them to be embracing...
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Jul 31, 2014
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thank you, matt miller. in the meantime, the s&p has declared argentina on default -- in default on its foreign debt. a groupitch attempt by of argentine banks to resolve the issue fell through late last night. joining us now from buenos aires , willem marx, and cost poors against the --kastia joins me here. late last night they said they did not come to an agreement. what was it like there? andt was full of reporters pretty intense in the sense that -- it was always a possibility this would happen, but it was surprising to see that he had come all the way to new york, basically just to say, there is no deal. get it done.t >> we couldn't get it done. justt seemed like they continue to reiterate the same terms, the same offer that the holdouts had rejected twice already. and sure enough, late last night, we also got a statement from an ml --mml, which is the unit from elliott, one of the holdouts, that said -- apparently, the master negotiator in these talks had proposed several alternatives and argentina had
thank you, matt miller. in the meantime, the s&p has declared argentina on default -- in default on its foreign debt. a groupitch attempt by of argentine banks to resolve the issue fell through late last night. joining us now from buenos aires , willem marx, and cost poors against the --kastia joins me here. late last night they said they did not come to an agreement. what was it like there? andt was full of reporters pretty intense in the sense that -- it was always a possibility this...
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. >> bloomberg's very own matt miller always in style. military defense technology and advance alert technology is being destroyed on both sides. we will tell you about some coming up. ♪ >> it is 26 minutes past the hour peter guber television is on the markets. i am matt miller. at where the indexes are down across the board, doing better earlier this mind. the dow jones industrial average is down 45 points compared to the loss of 100 point this morning. restaurantald's and operators. investigate chicken and beef that had is fired mcdonald's and kfc and peace. restaurants not to use those products. ofs may lead to a shortage menu items but if you do not eat there, you will be better off anyway. bloomberg west will be right back. stay with us. ♪ >> you're watching "bloomberg west. cory johnson. thing gaza is escalating with death tolls climbing on both sides. the health imitation is claiming more than 500 palestinians have been killed since last week. the idf has lost 18 soldiers. in the technology helps efforts to avoid more casualti
. >> bloomberg's very own matt miller always in style. military defense technology and advance alert technology is being destroyed on both sides. we will tell you about some coming up. ♪ >> it is 26 minutes past the hour peter guber television is on the markets. i am matt miller. at where the indexes are down across the board, doing better earlier this mind. the dow jones industrial average is down 45 points compared to the loss of 100 point this morning. restaurantald's and...
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here is our matt miller and cory " lastn on "bloomberg west night. >> there's not a company in the world that would not want alan mulally on their board. i have met hundreds of ceo's. he is similarly impressive. >> he spent a decade at boeing. he is an engineer by background. >> he did not get the job. he left to go to ford. a difficult situation where you had the founders, the offspring of the founders very involved in the company. he negotiated and significantly reduce the product line. did really and things with the company before the company was income -- in trouble. it made ford so much stronger than their competitors and they were able to survive and thrive. while the others were begging for and surviving on tarp money from the government. he also changed the way cars were developed. the interior electronics, the things that customers were touched, were developed on an entirely different plan than the rest of the car. that is not the way ford used to do thing. that allowed ford to be at the cutting edge of the driver experience in a way that no u.s. automaker was. but i have talked
here is our matt miller and cory " lastn on "bloomberg west night. >> there's not a company in the world that would not want alan mulally on their board. i have met hundreds of ceo's. he is similarly impressive. >> he spent a decade at boeing. he is an engineer by background. >> he did not get the job. he left to go to ford. a difficult situation where you had the founders, the offspring of the founders very involved in the company. he negotiated and significantly...
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matt miller here reporting. taking a look first off that where stocks are trading just about an hour to go until the closing bell. green arrows across the board. s&p 500 gaining. backing off from the games we saw earlier. the dow gaining 54 points. today's sector report. we will focus in on automotive profits coming up. motorcycle profits that just came out. kevin kind and joins us from bloomberg intelligence. let me ask you. those results came out. shares are down. why are investors disappointed with profits up 40%? >> the outlook for the delivery of the remainder of the year taken down a little bit. i think being just -- being conservative as they moved to new products. the stock has been on a nice run anyway. looks like the market has taken a little bit of the profit out of it. >> what do you think about the lower profit? why would they have to do that when the economy seems to be rebounding. i think there is a product transition. i think to a small extent it plays to the longer-term story with harley davidso
matt miller here reporting. taking a look first off that where stocks are trading just about an hour to go until the closing bell. green arrows across the board. s&p 500 gaining. backing off from the games we saw earlier. the dow gaining 54 points. today's sector report. we will focus in on automotive profits coming up. motorcycle profits that just came out. kevin kind and joins us from bloomberg intelligence. let me ask you. those results came out. shares are down. why are investors...
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. >> matt, i think it is a little bit unclear. he said it was cheaper than uber, but they have been aggressively cutting prices. what is the real story? how is it different from uber and why would it take it over uber? >> uber has dropped its price temporarily on his cheapest product to match the price of lyft. in response or maybe just because they are launching here, lyft is offering rides for free for the first two weeks. to get that concept straight, you do not pay anything at all. it is definitely cheaper than any price of any money for the first two weeks. >> for the first two weeks. what about after that? >> when is uber's temporary pricing going to change? uber doesn't say that. you cannot go much lower than free. unless uber starts paying people to ride in its cars. it is possible. they have enough money. >> all right. i think we're seeing a price war in action. we will be watching matt miller in new york in an aston martin in style. for more on new york state and city officials challenging lyft, i want to bring in some e
. >> matt, i think it is a little bit unclear. he said it was cheaper than uber, but they have been aggressively cutting prices. what is the real story? how is it different from uber and why would it take it over uber? >> uber has dropped its price temporarily on his cheapest product to match the price of lyft. in response or maybe just because they are launching here, lyft is offering rides for free for the first two weeks. to get that concept straight, you do not pay anything at...
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in new york, matt miller. i know you have been following this all day long. what is the status quo now? >> i have been following the story for weeks. i spent time with the cofounder last week and have been talking to the company today as they have been going through this hearing. told me is, they are working with the taxi and limousine commission to try to reach some agreement as to how their fleets and base stations are going to work. it is interesting because it is territory we have not explored before. buber -- uberen have a base station for their fleets, from which their fleets will drive, they will embark and return to. but that is easier because they have actual fleets. these aree of lyft, obviously regular people like you and me. reddit who you know from , does this for fun, as a social interaction. by something to add to the other social activities of their life, and not so much as a job. it is hard to have a fleet and hard to have a base station. use of the kinds of things the to adhereto get lyft to. they say they are cooperating together well, and
in new york, matt miller. i know you have been following this all day long. what is the status quo now? >> i have been following the story for weeks. i spent time with the cofounder last week and have been talking to the company today as they have been going through this hearing. told me is, they are working with the taxi and limousine commission to try to reach some agreement as to how their fleets and base stations are going to work. it is interesting because it is territory we have not...
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, the steps that could lead to microsoft being a big, relevant tech company for decades to come. >> matt, thanks sop for joining us. satya nadella has a long pursued -- road ahead of him but he's certainly making some moves right out of the gate? >> and what a horrible day. layoffs and it's a really upsetting thing for a lot of people. your heart goes out to them. but microsoft say place where people have gone to have very long careers. it's a unique technology company in that respect. you meet people who have been there 15, -- 10, 15 years or 340r89 it's a big change for them. >> remember, you can get all the news aught the time on bloomberg.com. we will see you tomorrow. today, regardless of nationality, [indiscernible] instant.e radar in an a malaysian airliner shot down in ukraine. .n invasion is underway israel sends ground forces into gaza. microsofts are cut as streamlines for the cloud. asia is waking up to another airline tragedy. israe
, the steps that could lead to microsoft being a big, relevant tech company for decades to come. >> matt, thanks sop for joining us. satya nadella has a long pursued -- road ahead of him but he's certainly making some moves right out of the gate? >> and what a horrible day. layoffs and it's a really upsetting thing for a lot of people. your heart goes out to them. but microsoft say place where people have gone to have very long careers. it's a unique technology company in that...
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matt miller has a preview. it seems counterintuitive. >> all these recalls and yet they are selling like absolute hotcakes. part of the reason is they are just building vehicles that are so much better in terms of quality, in terms of consumer acceptance, then they were 10 years ago. >> so it's not necessarily about a forgiving public. >> in a perverse way, the recalls have helped them. car that you purchased from general motors 10 years ago and it is being recalled, you have to go to the dealership, and 10 years down the road, you may have the ability to purchase another vehicle. you are there and looking at the product. it gives dealers a chance to bring consumers in and say look at what we have now. instead of fixing this cobalt, why don't we put you in a nice new corvette? a lot of times you will say, yes, please, especially with the run working technology in that vehicle -- groundbreaking technology in that vehicle. they are selling so many high-margin vehicles. ,hey sell the high-margin suvs the tosco, uc
matt miller has a preview. it seems counterintuitive. >> all these recalls and yet they are selling like absolute hotcakes. part of the reason is they are just building vehicles that are so much better in terms of quality, in terms of consumer acceptance, then they were 10 years ago. >> so it's not necessarily about a forgiving public. >> in a perverse way, the recalls have helped them. car that you purchased from general motors 10 years ago and it is being recalled, you have...
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we have the director investment matt welcome. it has many of a somewhat flabbergasted that it is not a good headline after negative headline, and the market keeps trucking on. why is that? >> we believe it is the fundamentals. the fundamentals are quite attractive today. to political risk is out there. -- geopolitical risk is out there. what's going on in ukraine, and gaza. i think the market is overlooking it. valuations are reasonable. i think earnings are coming in better than expected. of the earnings you've seen coming, this quarter, we have seen -- we have been very impressed. >> how far behind you people feel right now? it has been four and five years of bull market. we had the upper risk hedge funds last week. >> that's a good question. you mean from a portfolio management perspective? >> mutual funds. people investing staffs -- steph's millions. >> from their perspective, is manager to manager. it's been done exceedingly well in this environment. it's been a difficult time for active management. as we have seen over the
we have the director investment matt welcome. it has many of a somewhat flabbergasted that it is not a good headline after negative headline, and the market keeps trucking on. why is that? >> we believe it is the fundamentals. the fundamentals are quite attractive today. to political risk is out there. -- geopolitical risk is out there. what's going on in ukraine, and gaza. i think the market is overlooking it. valuations are reasonable. i think earnings are coming in better than...
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mr.ike -- i'm sorry, matt, millikan in his defense said that when he found out about this in february he did take action and that some members of the legal team were dismissed. >> he did. he definitely said other people were responsible for the problem in the legal the apartment and he fired those other people. that is the kind of people that is that's kind of thing that does not sit well with senators after 4 hearings here and not getting the answers they want. over andcaskill said over again that there were death investigation notices and wondering why they didn't get to him. >> matt miller, thanks. before we take a quick break, let's show you one more time to mature footage of a fireball that may be related to the report that that the malaysian jet was shot down over eastern ukraine, killing all 295 people on board. stay with bloomberg for continuing coverage. >> we are coming up on 56 minutes past the hour and that means bloomberg is "on the markets." i am julie hyman. let's look at where stocks are trading right now. investors reacting with nervousness to reports out of ukraine t
mr.ike -- i'm sorry, matt, millikan in his defense said that when he found out about this in february he did take action and that some members of the legal team were dismissed. >> he did. he definitely said other people were responsible for the problem in the legal the apartment and he fired those other people. that is the kind of people that is that's kind of thing that does not sit well with senators after 4 hearings here and not getting the answers they want. over andcaskill said over...
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joining me is matt miller in new york and james corliss in washington. what is your take on all of these moves recently by uber, and lift joining the competition in new york today? >> you're seeing an explosion of these mobility providers that are providing transportation services. the iconic yellow cab, we always wonder if that's going to actually put the cab out of business. really this is suggesting a bigger disruptive shift in transportation. it's actually much bigger market force, not just new york city but actually around the country and around the globe. people are looking for easier, more convenient ways to get from point a to point b. young people are less interested in actually owning a car and more interested in living in urban lifestyle in cities. >> new york is such a unique market, it has been -- cap said been so available for so long. what do new yorkers want? do you guys like uber and are you interested in lift? >> it's a little bit more of an expensive experience than taxis. they have come down for their pricing on their lower-priced pro
joining me is matt miller in new york and james corliss in washington. what is your take on all of these moves recently by uber, and lift joining the competition in new york today? >> you're seeing an explosion of these mobility providers that are providing transportation services. the iconic yellow cab, we always wonder if that's going to actually put the cab out of business. really this is suggesting a bigger disruptive shift in transportation. it's actually much bigger market force,...
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matt, untangle all of this. what is in it for liberty? >> they are getting a stake in i-tv, which is six percent but it is an important producer of content. "downtown abbey" and the "x factor." as john malone tries to get exposed more to content, this is not such a bad place to be. does this turn into a full takeover? "taking stock > an analyst that said if all you want us to build a relationship with a content producer, that is 6.4% stake might be enough. what other things are at play? >> there is always the possibility to suggest a strategic alliance away -- a way for john malone to get his foot in the door with i-tv. this is what i-tv did with z-go. they built a small steak over time and it turned into a full takeover. there is skepticism out there when liberty does say this is not intended to be a takeover. >> because that is what they said. is happening in media consolidation, because this does link to some of the developers we have seen on the other side of the atlantic? >> just yesterday time warner and fox 21st century foxx confir
matt, untangle all of this. what is in it for liberty? >> they are getting a stake in i-tv, which is six percent but it is an important producer of content. "downtown abbey" and the "x factor." as john malone tries to get exposed more to content, this is not such a bad place to be. does this turn into a full takeover? "taking stock > an analyst that said if all you want us to build a relationship with a content producer, that is 6.4% stake might be enough. what...
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it in turn to big m&a. >> matt, thank you. matt campbell joining us on the m&a story. behind the scenes of pro cycling. with an ownerde of a big tour de france team. ♪ >> welcome back. the tour de france, the most famous race kicks off this week but not where you would expect -- northern england. we catch up with one of the top team. ryan chilcote reports. ♪ siberiahampion of before he met hundreds of millions selling russian beer and credit cards. he is pumping his money and energy into his very own a team. >> a professional business. >> and he wants to talk to me while he does a little riding on his own. to what extent is it for you making money and eu are a rich guy and you can afford it. >> [indiscernible] >> we are a week into the tour of switzerland with the one the best teams and in the business and we have full access. for the riders, just another day on the road. a chance to put in their weary feet up and rest their legs. an average approach will cover 30,000 villa meters per year. only a couple of hours before the race to the top of a swiss mountain. race
it in turn to big m&a. >> matt, thank you. matt campbell joining us on the m&a story. behind the scenes of pro cycling. with an ownerde of a big tour de france team. ♪ >> welcome back. the tour de france, the most famous race kicks off this week but not where you would expect -- northern england. we catch up with one of the top team. ryan chilcote reports. ♪ siberiahampion of before he met hundreds of millions selling russian beer and credit cards. he is pumping his...
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"on the markets" with matt miller is next. i'll see you tomorrow. 56 minutes past the hour, which means bloomberg is on the markets. let's look at where stocks are trading an hour after we got the fed decision. the s&p 500 actually unchanged, though it had been down .4%. a little bit of a seesaw day in markets, but no change right now. the dow jones industrial average down about 36 points. there, soe level coming down well below the we reached that yesterday. the nasdaq actually gaining .4%. this morning, betty liu asked former fed chairman alan greenspan what he thought about the market valuations. he did not really want to talk about current fed policy, but she did ask where he thinks the market is headed from here. >> the stock market has recovered so sharply for so long , you have to assume somewhere along the line we are going to get a significant correction. where that is, i do not know, but i would not say that we are grossly overpriced at this point in the historical context. >> joining me with reaction to the former f
"on the markets" with matt miller is next. i'll see you tomorrow. 56 minutes past the hour, which means bloomberg is on the markets. let's look at where stocks are trading an hour after we got the fed decision. the s&p 500 actually unchanged, though it had been down .4%. a little bit of a seesaw day in markets, but no change right now. the dow jones industrial average down about 36 points. there, soe level coming down well below the we reached that yesterday. the nasdaq actually...
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we were talking in march about matt cain. devane, and mary urgo's, and gordon smith. .here are lots of people who knows who it will be? board andse, the every shareholder should hope that they are working on this, but do they need to be more close -- -- this it? olsive about question then becomes what happened to jamie dimon? want him tod to -- recover and stay at the helm. what a thing they need to start a horse race or a speculative game at this point. i think shareholders understand that. it is a good board. ofcharles at the university delaware and bill cohen, our contributing editor by skype. it is intrigued -- extremely important to emphasize we always jamie dimon recovers from cancer. we would not wish that on anyone. >> but the next time those to come back, i'm going to need their yearbooks. moving on, huge story in france today. former president nicolas sarkozy charged with influence peddling and accepting illegal campaign contributions. let's bring in bloomberg's caroline connan. she is in paris. how serious are thes
we were talking in march about matt cain. devane, and mary urgo's, and gordon smith. .here are lots of people who knows who it will be? board andse, the every shareholder should hope that they are working on this, but do they need to be more close -- -- this it? olsive about question then becomes what happened to jamie dimon? want him tod to -- recover and stay at the helm. what a thing they need to start a horse race or a speculative game at this point. i think shareholders understand that. it...
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companies to make big, big deal. >> matt campbell on the m and a way. it is called the sharing economy and many see it as a revolution in the way that we live and it is being aided by new technology startups. lablaka whichr is b expanded in two years. our european business correspondent has more. $100 million raised for a company that is basically a 21st-century take on hitchhiking. >> exactly. a safe way of doing it. almost like facebook, you analyze who is going to be driving your car. >> you can stop them before you commit. >> precisely. ensure that they are a good person, decide what part of the world they are from. you pick the list a couple of days before going the same way. you save yourself money, the co2 omissions. it has raised a phenomenal amount of money. $100 million, that is a lot of money when two years ago the only way to raise -- they only raised $10 million and a push them into 11 new countries. now the world is their oyster's. --comes from index investors ventures and other partners. but now they can get to other continents, even. >>
companies to make big, big deal. >> matt campbell on the m and a way. it is called the sharing economy and many see it as a revolution in the way that we live and it is being aided by new technology startups. lablaka whichr is b expanded in two years. our european business correspondent has more. $100 million raised for a company that is basically a 21st-century take on hitchhiking. >> exactly. a safe way of doing it. almost like facebook, you analyze who is going to be driving your...
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for more on abbvie takeover ambitions, let's bring matt campbell back into the mix. i'm a bit confused as to what is going on. shareholders on board? or maybe not. >> we had a somewhat embarrassing mixup for abbvie, having to retract comments made by rick gonzales about shareholders and committed. this is another one of these horny u.k. takeover law issues where if you say shareholders, it has a legal implications. abvie had to put out statement saying, we don't have any written commitments from shareholders meaning rick gonzales was really talking about the five years getting. what shareholders really think, we don't know yet, but this number is creeping up. it may go up yet again and that will be the question. >> what are you hearing? what is the best in the game for both sides? where does it end? i'm increasingly thinking it is going in with a deal. >> we're not sing the scorched-earth campaign we had with astrazeneca. this is not a political story. i don't think this is a company impeccably opposed of being bought the way astrazeneca probably was. in all likeliho
for more on abbvie takeover ambitions, let's bring matt campbell back into the mix. i'm a bit confused as to what is going on. shareholders on board? or maybe not. >> we had a somewhat embarrassing mixup for abbvie, having to retract comments made by rick gonzales about shareholders and committed. this is another one of these horny u.k. takeover law issues where if you say shareholders, it has a legal implications. abvie had to put out statement saying, we don't have any written...
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matt miller has more. >>lyft is trading in the hills of san francisco for the cobblestone roads of brooklyn. they made an exception to allow me to drive in style. why did you guys pick brooklyn and queens rather than manhattan? >> the need for transportation is greater. lot the subway lines and only a few runs in the outer suburbs. most of the taxi activity happens in manhattan. people need affordable transportation here. the company just received $250 million in funding and is burning through some of that cash offering the first two weeks of rides for free. >> it's a $1 trillion opportunity. out anle of tilting international highway system, and international railroad and it's a massive opportunity. says is more of a social opportunity and suggest you right in front and give the driver of fist home --bump. >> these are suggestions and are not required but it's a way to break the ice. i talked to a driver last night. he said he just started meeting people and it helped break the ice and have a good time. if
matt miller has more. >>lyft is trading in the hills of san francisco for the cobblestone roads of brooklyn. they made an exception to allow me to drive in style. why did you guys pick brooklyn and queens rather than manhattan? >> the need for transportation is greater. lot the subway lines and only a few runs in the outer suburbs. most of the taxi activity happens in manhattan. people need affordable transportation here. the company just received $250 million in funding and is...
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Jul 24, 2014
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. ♪ >> paging matt miller. we now know bitcoin is worth $600 today but what about the related domain names? the u.s. set to auction off the website for 700 at the thousand dollar but a court lock the sale. that is a lot of money. i think that is something like goes for.ker.com >> almost. >> i talked to an economist this morning that said he would not pay that much for it but when it does so, it will probably go for a million dollars. >> these are not people who are going to use the domain but people hoping it will take off. i do think the interest in domain name since we have moved on from the possibility it is just investment like gold. you will sit on it and watch it grow as an asset. at now ise looking slow, boring growth into a platform that will shave margins off money transfers. that is it. seems they have put money in bitcoin almost as a free option. >> 240 million dollar in bitcoin related services. what we are building now -- there is a platform. what is happening is the infrastructure to get money in
. ♪ >> paging matt miller. we now know bitcoin is worth $600 today but what about the related domain names? the u.s. set to auction off the website for 700 at the thousand dollar but a court lock the sale. that is a lot of money. i think that is something like goes for.ker.com >> almost. >> i talked to an economist this morning that said he would not pay that much for it but when it does so, it will probably go for a million dollars. >> these are not people who are...
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Jul 31, 2014
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matt miller went for the ride. >> you think of self driving cars and google. or, silicon valley. audi has entered the game. this for itsing car on the highway. >> here we go. the technology has not been perfected and it is on the way. there are countless engineers and what you have is a population in the state. andhave several urban areas this technology is beneficial. >> rick scott has a lot of jobs. >> you start with things like vehicles developed right here. it is exciting for our state. a the car we are driving is sedan and piloted driving is the term for autonomous vehicle technology. it will keep you in the lane and excel rate or break as necessary. it is not until stage five that you can have the car come and take you. itself and weves believe that when you want to drive, you should drive. when you want the car to take over, it should do so. >> when it does, it is useful. ,> i don't know if you notice my hands are not on the wheel and i just sent a text message. fort could be a boom carmakers. peoplee are 6 billion who would like to have the mobility of the car. johnson lo
matt miller went for the ride. >> you think of self driving cars and google. or, silicon valley. audi has entered the game. this for itsing car on the highway. >> here we go. the technology has not been perfected and it is on the way. there are countless engineers and what you have is a population in the state. andhave several urban areas this technology is beneficial. >> rick scott has a lot of jobs. >> you start with things like vehicles developed right here. it is...
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Jul 14, 2014
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a potential deal between sb shire.and matt campbell joins us now with the latest. you are in the know. what has changed since friday? >> we have the beginning of basically substantive negotiation's between these two companies made last week in new york. this is the first time that shire a really came to the table sincebbive -- to the table since abbveie made this proposal. they are willing to recommend and offer at 53 pounds a share. sincesn't a huge pump where we left things last week. a lot of people expected this to go down to the wire. this is actually fairly straightforward as these things go. >> we have a deadline of july 18 and it looks like we are nearing a deal. the parties are talking now. is it a stretch to say it is a done deal? >> as we have all learned is ever m&a, nothing done until it is signed on the dotted line. this is certainly sounding a lot more positive than it was even a few days ago. i think a lot of people have been surprised by the speed with which shire has come out to say, we have an offer on the table. we just have to go through some o
a potential deal between sb shire.and matt campbell joins us now with the latest. you are in the know. what has changed since friday? >> we have the beginning of basically substantive negotiation's between these two companies made last week in new york. this is the first time that shire a really came to the table sincebbive -- to the table since abbveie made this proposal. they are willing to recommend and offer at 53 pounds a share. sincesn't a huge pump where we left things last week. a...
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Jul 9, 2014
07/14
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we have to bring in matt miller. thate most shocking thing tom revealed is that he took uberx, the cheaper version. >> i do not even know uberx existed. i was going suv. >> lyft is something you will never encounter. >> that's not true. before uber existed, we were in the gnarly asked taxicabs. you're not in the black car chauffeured, which you probably were most of the time -- >> never. >> uber is about being in a lincoln town car or maybe even a mercedes, and suv -- >> you can be in a camry. >> you can if you take uberx, their cheapest audit, designed to compete with lyft. a camry, accord. that is what lyft offers. that is not what any of us is likely to take, although, tom keene did the other day. existed, we were taking taxis are the somewhat or god forbid the bus, i was a camry is better. >> i agree. taxis are totally uncomfortable, poorly regulated, awful inefficient system and hopefully, these two companies and their competitors break that system. lyft is a different service. it is for brooklyn and queens, pla
we have to bring in matt miller. thate most shocking thing tom revealed is that he took uberx, the cheaper version. >> i do not even know uberx existed. i was going suv. >> lyft is something you will never encounter. >> that's not true. before uber existed, we were in the gnarly asked taxicabs. you're not in the black car chauffeured, which you probably were most of the time -- >> never. >> uber is about being in a lincoln town car or maybe even a mercedes, and suv...
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Jul 7, 2014
07/14
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matt miller is here. you are the car guru. what happened here? >> this was your typical los angeles guy steals a car and police catch them and start to chase them and it becomes a horrible wreck, the horrible thing -- something that cnn would cover. the guy was doing over 100 miles per hour and ran into a couple of parked cars on a light post. the car split in half. half of it was jammed in between --ynagogue with two walls you can see from the picture -- the other have caught on fire and the flames were so high that people around the neighborhood thought somebody had a load of fireworks that have gone off maybe by accident. >> let's say it was not a tesla. if it was a toyota camry going over 100 miles per hour, what would the outcome have been? >> the outcome would probably have been more deadly. in this case, the perpetrator or alleged perpetrator walked away from the crash. >> really? >> he was walked away to a police cruiser. >> that's extraordinary. >> at the last shareholders meeting, they said there have been reentered 44 million models dr
matt miller is here. you are the car guru. what happened here? >> this was your typical los angeles guy steals a car and police catch them and start to chase them and it becomes a horrible wreck, the horrible thing -- something that cnn would cover. the guy was doing over 100 miles per hour and ran into a couple of parked cars on a light post. the car split in half. half of it was jammed in between --ynagogue with two walls you can see from the picture -- the other have caught on fire and...
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Jul 15, 2014
07/14
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matt, let me start with you. you were actually sold out of shares any recently got in because you felt finally the company has got it when he came to the company's recalls. what made you more confident? >> when we originally got out of 2011, we were concerned about the former ceo's lack of ability to address the supply change and managing issues. how bad would it have to be to take over -- that is a bad sign. the potential loss and dividend cut, and we moved elsewhere. when he came on board, we met with him and his senior management. we felt they got it and we started being more adept and active in addressing these quality-control issues. the stock is benefiting today, beating on earnings and revenue and outlook and it is a reason why we think it is a great stock right now for the long-term. >> you are on the board. what is the playbook for things like product recalls? >> quality consumer comes first. that is oh is the mindset. you have got to protect the consumer. the brands are enormously valued. you have brand
matt, let me start with you. you were actually sold out of shares any recently got in because you felt finally the company has got it when he came to the company's recalls. what made you more confident? >> when we originally got out of 2011, we were concerned about the former ceo's lack of ability to address the supply change and managing issues. how bad would it have to be to take over -- that is a bad sign. the potential loss and dividend cut, and we moved elsewhere. when he came on...