mark: our story with google is two-fold. on one side google is a huge , player. they are a dominant player in the search industry. we have one interest -- to make sure we get a fair shake at advertising placements, a fair shake in organic results. on the other side though, google has been a great customer acquisition channel for us both in the traditional search product, hotel price and product and potentially this new google , book product. it can be a great source of new customers, and to that extent we , have a great relationship. emily: he also told me expedia was not seeing or feeling much competition from airbnb. i asked if he was considering a partnership. mark: you will see us move into the vacation rental industry and we are certainly open to other partnerships. with respect to airbnb and competition, we are not seeing a huge amount of impact on our business. our room nights grew 35% year-over-year in this past quarter. we are looking at this as an adjacency, an opportunity. right now, we think we have a lot of runway in our core business. emily: the cfo

both the internet industry, the googles, the yahoo!s, and microsofts that wanted to retain their control. but you had the traditional media world, the studios and labels and others, that wanted to retain control of distribution. they were attacking us, accusing us of not doing the right things around copyrights, when, in reality, we were building more tools than any of our competitors and more policies from day one that anybody else to deal with all these problems and eventually create solutions for them where they could monetize them. the music industry earns billions of dollars off of youtube on an annual basis now. but with all these people were looking at us, and us just struggling to keep things up and running, we had no other choice, really, at the end of the day, than to be acquired by someone. for us, we were lucky enough to be acquired by google, who, in my mind, kind of took a chance on us. and that really youtube would probably not be here today or what it is today without their support. so i am really thankful we ended up t

so should google, and not on cost cutting. >> what is google innovating? they aren't innovating anything other than they have a new cfo who's been on the job for less than the full quarter and she's using old-fashioned language. >> if the enthusiasm for google is going to happen in part because they're going to recognize that, and they have thrown a lot of money at things that haven't necessarily gone that far. that's a little different. they have their own little venture capital firm going on over there and maybe having a financial expert in there would be a good idea. but as far as facebook is concerned, this is really about innovation. >> so you are looking at facebook tonight. >> yes. you have earnings coming up here on the 29th, right? basically around the corner. it's kind of interesting the move they made today. what got the buzz going and traders talking about it was the announcement of launching an e-commerce on their site here. i don't know how excited i am technically about that. if you're a big boy like a target or somebody like that, you alrea

surging, does it have anything to do with google? iswill talk up -- etsy surging, does it have anything to do with google? we will talk about that. mergerish and t-mobile is on hold. we will talk more about that on the "bloomberg market day." and hashing out the details of the $93 billion aid package to greece. earlier today, pimm fox spoke to adam posen, the president of the peterson institute. they started to look at the leadership of the european central bank. adam: i think the european central bank, under mario draghi, but also under others has shown a lot of good balance in the last year. were keeping banks open in greece, but that was actually in line with their mandate and in line with good practice. they couldn't keep putting money in because all of it was going to leave. they had to show what was going they areirst, what doing is quantitative easing and trying to get credit inflation up in the area, and that will extend to greece again. secondly, they are no longer trying to directly threaten the government. again, the radic

be the next google or amazon? john: gosh, there are three areas i am really excited about. one of them is a revolution in education. education is one of the largest parts of our economy and it is well positioned for improvement. emily: but there haven't been many multibillion dollar education companies. john: no, there haven't, but there will be. second, on demand services. yes, we are investors in uber. if you look at instacart, doordash, other devices, they are a remote control for the world. you can summon services and you can take friction out of all kinds of everyday activities. emily: it is interesting that you use that example because chris sacca just told me he did not invest in those kinds of companies, because he thinks uber will do that. john: i spoke with travis before we made those investments, and i got a different sense. i'm not here to tell you what their strategy is, but we were pretty thoughtful about that. but the third area is explosive, what happens with these devices in emerging markets. now

although them are google. this is something the math and i have been going back and forth about today. classes of google shares, both of them are included in the s&p 500 and in the nasdaq and in other industries for that matter. so the a shares are up, the c shares are up 15%, so the question is, why is that? if you put these two stocks together, you get the total market cap of the company, see you don't have the same effect of the two, but you need them both in the index to arrive there, if that makes any sense. hopefully matt -- matt looks still -- you understand what i'm saying? matt: i understand what you're saying. julie: but it is confusing comic because you initially see two of them. so that is what has converted it to the s&p 500 for today. i also want to update you on the shares of the maker of fertilizer. the shares are up nearly 10% and they are trading at a record, and that is after "the wall street journal" reported that a dutch company that also makes fertilizer that is smaller than , the two are

google has $60 billion in cash. >> i don't think google is at that moment yet. it's not as if the cash is that huge a percentage of the market value. >> stock was flat for the last year. >> we are talking about the stock has outperformed into this report. it did nothing last year. >> when robert said this stock was poised to rally, you nodded your head. you agree. >> yeah. it's a been a laggard for a while. i was nervous it rallied up 8% into the print, but again to michael's point that it has been a laggard to the facebooks of the world and higher growth names. what is interesting about technology so far in earnings investors are willing to pay for expensive growth. this is growth but not expensive. it could play a big ketchup game in short order. >> what are you going to be listening to on the call? >> this is just the beginning of what could be a very nice move for google. what companies best positioned to hit that magic mark it's google. they've got a variety of revenue streams that could explode over the next five years. >> is it time for her to return some

google or amazon? john: there are three areas, one of them is a revolution in education. education is one of the largest parts of our economy and it is well positioned for improvement. emily: but there haven't been many multibillion -- education companies. john: but there will be. second, on demand services. yes, we are investors in uber. if you look at doordash, other devices, they are a remote control for the world. you can summon services and you can take friction out of all kinds of everyday activities. emily: that is interesting, another investor just told me he did not invest in those kinds of companies, because he thinks uber will do that. john: i spoke with travis before we made those investments, and i got a different sense. we were thoughtful about that. but the third area is explosive, what happens with these devices in emerging markets. the next billion cell phone users will come from india and china. the idea that information is in this phone, that is an old idea. it belongs in the cloud,

one important point is that google has made a huge franchise around innovation with google x. facebook bought a couple of things here and there, what they want to be focused on is bidding out the ad network. goog the got bored with that existing business and they're in the process of wringing as much value of it as possible. if you do a search for used iphone on google. i did one recently, 11 of the top 12 results were paid. they were ads, you see a little trickery from google in terms of putting the ad logo all the way to the top right making it very tiny. about 30% or 40% are people. don't know they're clicking on ads on google. and the ftc wrote them a letter and said to clean it up before they bring action. face bob has so many earses and so much growth, they've just begun to ring out the value. they have so much room to extract value from the user base. the social data for advertisers will turn out to be a competitive advantage against goog. which leads me to be there's absolutely a very significant chance that google buys twit they are year. >> we had that debate a lot.

here's the thing about google. if it opens now, google will be up almost 30% in two weeks. as a trader, that is a signal. >> a lot of it is based on youtube and really want to spend money. how many times have they brought you a news headline. is that where spending money on as an advertiser? >> i pay a bill to netflix every month. i know they are making money. but the model -- i've never paid for a youtube video. trying to do to sell advertising couple great games for the company and investor talked about yesterday. dividends or stock buybacks number one. two, the price between what they can charge on a computer in mobile advertising, there's still a gap that it's closing. it is closing what they charge a mobile which is a good point. netflix is ridiculous. netflix is a content company with more competition for the content creation. it will have to pay more and more money for lousier content. >> they are building their own content. dagen: you can scale a content company. they have to pay so much money because you have these other competitors. >> do not like house of cards?

gopro is the same situation, google was in that situation, we saw google blow through. how do you look at it? >> if i can may technicals. if you look at a chart on gopro, there's been a lot of resistance in the upper 50s level. so i think if you're going to play to the upside, there has been this run-up. it's been at this point it runs into resistance, it needs a good earnings report. forward-liking goodance to break through the resistance, i think the calls are extremely cheap. play to the upside, much better way to play the stock. >> i was hearing, bear in mind the market has been through a rocky period. we had elevated volatility. we were moving at a slow or slightly upward motion. >> mike ccomikecoe is being bul. >> he's trying to define the risk. it's essentially binary when it comes to earnings, earnings have to pan out or you're going to lose the whole amount of money you paid for this in a heartbeat. >> do you like amberella as well? >> i'm not as crazy about it. but i think this is the way to play it. in all of these names this is the way to play it in many ins

so it's on ios, it's with apple and on google it's on the android it's google. you'll just see guys around you, very, very simple, can create a profile within seconds. >> you're six years old, you have 196 countries. how long did it take to you get to that point? what did growth and the trajectory look like? >> it was very quick for us. we launched about six years ago, as you mentioned, and it picked up quickly. ward of mouth. we spent no money on marketing. all our growth has been organic. our users telling each other and the press. our goet has berowth has been v strong here in the u.s. and abroad. >> fastest growing overseas market and are there characteristics about the culture that you think drive that? >> we're seeing a lot of growth in mexico and brazil right now. they're both in the top ten. i think adoption rates are accelerating in those countries. and it's not a cultural -- it's not cultural. it's just part of biology, right. gay men everywhere and gay men are looking to meet everywhere and that's fueling our growth. >> do you have any effects on your

emily: google is working on project loon and google fiber. what do you think of google's approach to connecting the world? mark: well, the thing is connecting everyone is going to be something that no single company can do by themselves. so i am really glad that they and a lot of other companies are working on this. internet.org is a partnership between a number of different technology companies and nonprofits and governments. there are folks who are doing things that they are contributing to internet.org. there are companies that are doing things that are separate. that is going to be necessary, right? i mean, there is a lot of technology that is going to need to be developed in order to tackle all three of those major barriers that i talked about. you know, technical, making it so that everyone has a network near them. affordability, so that way the network is efficient. and social, making it so that people have the content that they need in order to want to get online and consume all this. so i am very positive on it. emily: have you had a

emily: google is working on project loon and google fiber. what do you think of google's approach to connecting the world? mark zuckerberg: well, the thing is connecting everyone is going to be something that no single company can do by themselves. so i am really glad that they and a lot of other companies are working on this. internet.org is a partnership between a number of different technology companies and nonprofits and governments. there are folks who are doing things that they are contributing to internet.org. there are companies that are doing things that are separate. that is going to be necessary, right? i mean, there is a lot of technology that is going to need to be developed in order to build -- in order to tackle all three of those major barriers that i talked about. you know, technical, making it so that everyone has a network near them. affordability, so that way the network is efficient. and social, making it so that people have the content that they need in order to want to get online and consume all this. so i am very posit

google or amazon? john: gosh, there are three areas i am really excited about. one of them is a revolution in education. education is one of the largest parts of our economy and it is well positioned for improvement. emily: but there haven't been many multibillion dollar education companies. john: but there will be. second, on demand services. yes, we are investors in uber. if you look at doordash, other devices, they are a remote control for the world. you can summon services and you can take friction out of all kinds of everyday activities. emily: it is interesting, chris sacca just told me he did not invest in those kinds of companies, because he thinks uber will do that. john: i spoke with travis before we made those investments, and i got a different sense. i am not here to tell you what their strategy is. but we were thoughtful about that. but the third area is explosive, what happens with these devices in emerging markets. now the next billion cell phone users are going to come from india and ch

what should we know about the facebook/youtube/google war? >> at the end of the day they're going for video dollars. google does about 8 billion views on youtube and facebook has done from a billion to 4 billion. that's the struggle between advertisers is to those dollars and ultimately the nice news about-face book coming from almost no video and in google's case youtube is a huge property. one of the things importantly about this story is that the sense is that facebook is slowly grabbing attention away from google and video in particular, but on the last earnings call, google mentioned the views on youtube adibi tded a two-year h. this mystery on video between youtube and google thickens but at the end of the day both of them are really well positioned for what's a secular growth theme. >> there's been this contentious debate over what constitutes a view. facebook had said a three-second view was something advertisers should pay for. they changed that last month and said advertisers would only be charged after a viewer watched a video for

emily: google is working on project loon and google fiber. what do you think of google's approach to connecting the world? it world? mark: well, the thing is connecting everyone is going to will be something that no single company can do by themselves. so i am really glad that they and a lot of other companies are working on this. internet.org is a partnership between a number of different technology companies and nonprofits and governments. there are folks who are doing things that they are contributing to internet.org. there are companies that are doing things that are separate. that is going to be necessary, right? i mean, there is a lot of technology that is going to need to be developed in order to build -- in order to tackle all three of those major barriers that i talked about. you know, technical, making it so that everyone has a network near them. affordability, so that way the network is efficient. and social, making it so that people have the content that they need in order to want to get online and consume all this. so i am very p

with google is two-fold . google is a huge player. they are a dominant player in the search industry. we have one interest -- to make sure we get a fair shake at advertising placements, a fair shake in organic results. on the other side though google has been a great customer acquisition channel orfor us both in the traditional search product, advertising product and potentially this new google book product. we have a great relationship. emily: he also told me expedia was not seeing or feeling much competition from airbnb. i asked if he was considering a partnership. mark: you will see us move into the vacation rental industry and we are certainly open to other partnerships. with respect to airbnb and competition we are not seeing a huge amount of impact on our business. our room nights grew 35% year-over-year in this past quarter. we are looking at this as an adjacency an opportunity. right now, we think we have a lot of runway in our core business. emily: mark cfo of expedia. coming up buzz on an update to a

we are live near google x. this is the company's secret research division at the old mayfield mall in mountain view. the next generation of self- driving cars launches from that garage right there behind me. the new pod car design finally hit the public streets last week. but since there's only two on the road and they only drive a few minutes a day, catching a glimpse is rare. for now, this is some of the first video taken of them out on a public street. the computer is set to a very cautious defensive driving mode so it's limited to 25 miles an hour. we saw them come to a complete stop at the line so no rolling california stops here. we also saw that they seemed to prefer driving more towards the middle of the street. so for now human passengers are still required to take over in case of an emergency. so do not expect to see them driving around empty. >> the california dmv has not yet resolved how they are going to handle that. so that's why you don't see any autonomous vehicles on road without any drivers. b

google's cost-cutting measures are paying off. shares are surging after slower spending helped second quarter earnings top estimates. let's head to bloomberg news joining us from san francisco. how does google managed to rein in costs? guest: a lot of different ways. google doesn't always tell every little way it does things but the number today was what investors wanted to hear. operating expenses rose after quarter, in the last 30 percent in quarters before that. investors have been focusing more and more on cost. they got what they wanted to hear today. cause,was able to hit take some spending off the table, and really make investors think they are being careful with that money they make. angie: absolutely. google has a new cfo. what did she deliver? guest: i heard positive comments. not only did she have a quote in the release but during the call she asserted herself and said i'm taking a full look at everything. she talked about cost, it is still a growth company. the want to grow but she said they can do that while looking a

emily: google is working on project loon and google fiber. what do you think of google's approach to connecting the world? mark: well, the thing is connecting everyone is going to be something that no single company can do by themselves. so i am really glad that they and a lot of other companies are working on this. internet.org is a partnership between a number of different technology companies and nonprofits and governments. there are folks who are doing things that they are contributing to internet.org. there are companies that are doing things that are separate. that is going to be necessary, right? i mean, there is a lot of technology that is going to need to be developed in order to build -- in order to tackle all three of those major barriers that i talked about. you know, technical, making it so that everyone has a network near them. affordability, so that way the network is efficient. and social, making it so that people have the content that they need in order to want to get online and consume all this. so i am very positive on it.

old google. the market cap is about $416 billion and that means that together, they comprise about 2% of the s&p 500. that is why both of them are listed to be crystal clear. it'su look at the imap, clear what's going on today. information technology is green and nearly everything else is red. energy and materials are a drag on the major averages. look no further than the underlying commodities to find out why. oil prices are lower again today and we're set for the third straight week of the kleins for wti -- week of declines for the wti. there is the continuing prospect of a glut in the oil market especially with iran coming back online. if you look at brent crude, it is set for its longest run of weekly declines since january. gold prices bear mentioning today. the plunge and gold rises is down about 1.17%. this is after china boosted its reserves. analysts who follow the gold market survey expect china to boost those reserves by a lot more. one analyst said by as much as three times what they

both the internet industry, the googles, the yahoo!s, and microsofts that wanted to retain their control. but you had the traditional media world, the studios and labels and others, that wanted to retain control of distribution. they were accusing us of not doing the right things around copyrights, when, in reality, we were building more tools than any of our competitors and more policies from day one that anybody else to deal with all these problems and eventually create solutions for them where they could monetize them. the music industry earns billions of dollars off of youtube on an annual basis now. but with all these people were looking at us, and us just struggling to keep things up and running, we had no other choice, really, at the end of the day, than to be acquired by someone. for us, we were lucky enough to be acquired by google, who, in my mind, kind of took a chance on us. and that really youtube would probably not be here today or what it is today without their support. so i am really thankful we ended up there. emily: y

who had been instrumental in launching many of google's products over the years gmail, google maps google search, thicks people -- things people use every day. google products need to be something you use as often as you use your toothbrush. it's sort of difficult to come up with a product that is used that much, but that was google's goal and mayer was instrumental in making several that passed that test. they sort of thought it would be impossible to get her. they hired a recruiter who reached out to her mayer was now interested in the job because loeb had successfully through this letter of mass destruction we talked about, nuked the yahoo! board and put himself on it instead. and so is she was interested in the job. she went in, and if there's one thing about marissa mayer, she is the best preparer in the world. if she knows she needs to have a set of data understood then she will have it understood and be able to be more than fluent on it. but convincing and so forth t. so she went in, and she completely blew the board away. and while there was some reluctance to hire her on the part

google after the bell today. big one ge tomorrow morning. and if you look at the calendar next week, very, very light economic data. so they're going to be focusing on earning season and unknown headlines. >> we've got two names. jp morgan and disney hitting lifetime highs today. so when you see a financial and another dow component like disney once again hitting time and time again. disney has been on a unbelievable roll. but, alan, tell us what we're missing here. we don't want to be -- yeah, the bulls are on the run. what's that side window worry or trade that you start to see some traders putting in any options you bring? >> well, you talked about the vicks, and that's a big move. we saw the vicks decline there, and you've mentioned it's down 40% in just a week. so that's amazing. but look at the low there. the low is at about 10.28. so that's 15% below where we are now. still upside in the market. slow and steady. earnings is what's going to drive this. we will get some psychological jars once in a while like we've gotten out of greece

gmail google maps and google search. she is to talk about a toothbrush test. these services need to be something that is used at least twice a day. it's difficult to come up with these products, but that's what they wanted to do. that was at the top of the list and they thought it would be impossible to get her. the recruiter reached out to her and the recruiter was stunned to find out that marissa mayer was actually interested in the job. she went in and if there's one thing about her, she is the best preparer in the world. if she knows she needs to have a set of data understood, she she will have it understood and be able to be more than affluent on it as well is convincing and so forth. she went in them blew the board away. while there was some reluctance to hire her because she had not actually run a division with a profit and loss station at google, but eventually they were able to convince the rest of the board that she would be the right higher. they made this grand announcement in july and it shocked everyone. a little piece of information was she was

because google is one of the most widely owned stocks in mutual fund. the top three are the fidelity constra fund and the vanguard 500 index fund. and it's youtube's growth that is behind the success. >> reporter: youtube is drawing more viewers and ad dollars. this is google's youtube quarter. >> it's a real reminder a wake-up call to wall street they have this asset that has a billion users and seeing accelerated usage growth. >> watch time on youtube has the fastest watch time in two years. and on mobile devices has doubled from a year ago. on mobile devices alone, youtube reaches more 18 to 49-year-olds in the u.s. than any cable network. they come to the home page just like they turn on the tv is up over three times over the past year. advertisers are seizing that potential. the average potential is up over 60% year over year what is attributed to the service's new targeting controls. >> you pay if somebody watches the ad. they made it a point to bring out more tools for brand advertisers and allow them to indicate what content they want their eds

. >> google plus more like google minus. they are scaling back social media networks no longer required to use your google plus account to post videos or comment on youtube. google will do the same with the other services. for the last four years, google has been trying to ramp up google plus to compete with facebook. users responded with resistance. even though google plus is scaled back google insists the social website is not going anywhere. >>> apple giving a smart watch more exposure as the holiday season approaches allowing best buy stores to sell it. best buy is selling on the website and 100 stores in august. when the shopping season rolls aaround, other stores will sell the watch from $350 to $700. >>> nbc bay area news begins with breaking news. >>> that breaking news is a girl's body found in a dumpster and a teenager arrested. the search of the missing 8-year-old girl in santa cruz. >> good evening, everyone. >> if you are just now joining us we've been on early because of giants baseball here on nbc bay area. wh

google or amazon? john: gosh, there are three areas i am really excited about. one of them is a revolution in education. education is one of the largest parts of our economy and it is well positioned for improvement. emily: but there haven't been many multibillion dollar education companies. john: but there will be. second, on-demand services. yes, we are investors in uber. if you look at doordash, other devices, they are a remote control for the world. you can summon services and you can take friction out of all kinds of everyday activities. emily: it is interesting, chris sacca just told me he did not invest in those kinds of companies, because he thinks uber will do that. john: i spoke with travis before we made those investments, and i got a different sense. whatnot here to tell you weeir strategy is, but were pretty thoughtful about that. but the third area is explosive, what happens with these devices in emerging markets. now the next billion cell phone users are going to come from india and chin

microsoft beat ibm, google beat microsoft, facebook are beating google in mobile. john: mark is using market cap. he used 10% of his market cap to buy whatsapp. he is aggressively using the asset that he has, market capitalization, to find the next wave and make sure he is there. david: and in most of those examples, complacency snuck in. mark is the least complacent guy you're going to meet. emily: chamath palihapitiya, early facebook employee, just said he thinks the facebook killer is going to be built in two or three years. john: i do not think that is right. you really need a new platform to emerge. it is not obvious to me what the platform is. we are early on mobile. what is possible is that we are starting to internalize what it means to have a tiny supercomputer connected to the global internet in our pockets all the time. strapped to your wrist or whatever. it is not vr, ar, that will suddenly disrupt the market. something that looks like a toy for a little while. but i do not think the next two or three years will be when that happens. david: i am a big c

there is a new google to get built. there will be companies that look expensive veteran to be cheap. things are obviously overpriced in retrospect. some will be the opposite in retrospect. david: i just want to make sure ours are the ones -- not the ones. emily: you invested in dropbox but did not get a board seat. 20 that happen? -- why did that happen? b round.was a they were writing a large wave. emily: how do you protect yourself as investors? we do not tend to use financial engineering. emily: you do not have liquidation practices? david: you're talking about unusual liquidation preferences. we do not do anything fancy. is alignmentting with the entrepreneur. that comes out at the weirdest moments. misalignment can hurt you. we tend to manage risk by picking well. emily: there are always these unicorns worth more than a billion dollars. are they really? because of the liquidation practices. does that mean the values are inflated? valuations are just numbers you put in. until these become liquid, you do not know wha

google glass and cars and no more of this stuff. >> google is famous for their reality they let people work there design whatever they want. >> yeah. but that costs money. >> and some of the best stuff has come from there. >> and scars cars are moving in this direction and google's mapping technology is at the center. so they can make serious money. google owns the world. >> and i should have bought it when it was $10. >> yeah. >> we can all say that. we've got breaking news, guys. >> well, on the other hand we have breaking news about yahoo. maybe not too late to get into this. announcing a scc filing for a spin-off in its remaining stake in alibaba. it expects the stakeoff isn't 2015 going to hold 15% after that spin-off. and the new nuke aabaco holdings. i guess that's how you pronounce it. coming up we may finally know the identity of the lock nest monster. one of the most foremost experts on the creature has reached a conclusion. you want to hang on for this after the break. you decide fact or fishy. to bre? it can feel like this. copd includes chronic bronchitis and emphysema. sp

google's stealth rally. the tech giant soaring today after a big -- as google looks to cut costs are they spending money on the right things to keep the momentum going? plus janette yellen sounding the alarm on biotechs just one year ago today but boy, was she wrong. a look at the best performing players in the space since then and whether there's still time to get in. but first let's get to the story of the day. stocks posting their fourth straight day of gains but it was technology that was a real standout. some of the biggest names in the space reporting this week from intel to netflix and google. so will tech hold the key to this rally here? guy adami, what do you think? >> i don't know if it will hold the key but i think it's going to be interesting. out of all the names you just mentioned netflix is the most interesting on the because it's been the most talked about over the last couple weeks from carl icahn, david einhorn yesterday. i think netflix is going to take off post-earnings. i think it has a

be the next google or amazon? john: gosh, there are three areas i am really excited about. one of them is a revolution in education. education is one of the largest parts of our economy and it is well positioned for improvement. emily: but there haven't been many multibillion dollar education companies. john: no, there haven't but , there will be. second, on demand services. yes, we are investors in uber. cartou look at insta doordash, other devices, they , are a remote control for the world. you can summon services and you can take friction out of all kinds of everyday activities. emily: it is interesting that you use that example because chris sacca just told me he did not invest in those kinds of companies, because he thinks uber will do that. john: i spoke with travis before we made those investments, and i got a different sense. i'm not here to tell you what their strategy is, but we were pretty thoughtful about that. but the third area is explosive, what happens with these devices in emerging markets. now th

what is it that google gets out of this? >> it makes its money by selling ads and the better picture of you the better they can target you and charge for the ads so financially this makes perfect sense for google. it can understand you better than you understand yourself and that is extremely powerful for marketing. >> reporter: if you really don't like that google says you can disable location services in your phone settings to turn tracking off or alternatively you could go old school. [phone ringing] no maps and annoying ring tones and not giving off any more unwanted signals, phil in london. >>> reminder you can always keep up to date with all the latest news on our website, there it is on your screen al jazeera.com. >> a gunman opens fire at a louisiana movie theater and opens fire before turning the gun on himself. police are searching for a motive. >> new information in the death of a woman inside a the accident jail cell. her family says the evidence still does noted a up. >> president obama is on his way to kenya no

everyone is like when will google take over twitter? google that rumor, it goes back four years. to ivan's point you can buy your way into hot areas. ibm was up two bucks. you talk about old tech that needs to buy its way to relevance. google doesn't have to buy its way to relevance but to stay ahead of the pack they probably will have to make acquisitions. >> one of the big questions people were talking about ahead of earnings are they able to win over mobile traffic? hang on. we have earnings report. it is crossing. lori rothman on floor of the new york stock exchange. what are the numbers. >> forecast, revenue though was a little bit soft, 17.73 billion. 17.75 is the forecast. that is only gain of 11%. this has been a big concern among people who follow google, investors analysts because of search ads. the question whether search ads are loose steam. first quarter saw 12% gain. now we have revenue only gain of 11%. precipitous fall in revenue. first quarter 2014 revenue was up as much as 19%. that said, paid clicks are up 18%. and i would point my finger to that reason, the re

brendan: we will get julie hyman into explain the google shares. pimm: let's take a look at the dollar. -day strength against the dollar. brendan: this is against everything. wondering -- the pound has been strong against euro and has been gaining some strength. brendan: when you look at equity indexes around the world, the consistent and you have seen is that the only good news as u.s. news. pimm: if you are doing everything in oils and oil is $51 per barrel, that is dollars. brendan: german lawmakers have voted in support of a greek aid package which is a fictional or -- which is a victory for angela merkel. 7 billion euros in bridge loans -- where will it come from? from a 2012l come fund that all 28 member states have contributed to. the u.k. was concerned they would be on the hook if there is default. it looks like they glossed over that. talks will start now on this overall aid package, the $86 billion. it cleared the bundestag a couple of hours ago. out of brussels, the eu commissioner for inter-european relations says he senses a different

>> google makes most of its money by sell adverts. >> financially this makes perfect sense for google. it can understand you better than you might understand yourself and that is extremely powerful for marketing. >> if you recall don't like that google's you can disable location services in your phone settings to turn tracking off or alternatively, you could go old school. no maps, just annoying ring tones. at least you won't be giving off anymore unwanted signals. al jazeera london. >> scientists discovered a new earth like planet orbiting a distant star. nasa's telescope found the world 1400 light years away. it's orbiting a star that is the same temperature as the sun. the distant word is in the mill key way and about 60% bigger than earth. >> an astrong mer said the discovery is exciting, because the planet size suggests it could be rocky like earth. >> the orbital characteristics of the planet and characteristic of the star itself made the whole system very similar to the system between the sun and the earth. in the way of the amount of energy that this plan knelt gets from the s

plus why google is offering superfast internet service. a new white house program, next. ♪ ♪ emily: it seems to be christmas in july at amazon. the company's inaugural prime day event to celebrate it 20th anniversary hit record. it says its peak order rates are passed those of last year's black friday sales. today's deals are for the company prime members who pay $99 per year for delivery discounts, video screens and other benefits. was today a success from the customer's point of view? what does it say about customer loyalty? joining me, who studies these issues very closely as well as our bloomberg reporter from new york. i will start with you. what does it really mean, the order rates peaking, surpassed last year's black friday? what about the numbers, we are curious about like how many new prime members and what sales were really like? guest: it was a brilliant strategy. what is interesting is they created this strategy, and people had such faith that amazon was going to offer low prices that people came in droves in the middle of

at last check, google stock was up 11% or about $64 a share. >> thanks in part to google and netflix. a lot of happy cheers thanks to google and netflix. both bay area companies capitalizing on the growth of online video and content. >>> a new ride may soon be hitting the streets. >> on august first it's expected to become a reality. you see the map right here. it will run from fisherman's wharf to the ferry building near at&t park. it will initially run on weekends and switch to daily service next year. >> law enforcement rups in a family with multiple generations. >> for one family in the east bay it didn't take generations. they only needed one department to do this. >> when jim and lori had their three sons they thought it would be fun to give them the same initials as their dad. they never expected that they would all take after him in another way as well. >> bbq was the cuisine of choice. >> the next two weeks we do -- >> the reason was to toast the beginning of a new career for their youngest son. >> justin lyn. >> just a few hours before justin was sworn in to be the newest cr

tesla or google? >> google. i don't see us driving apple cars any time soon. i think apple should be focused on, you know, staying with the iphone and staying in the telecom space. i think apple powering cars is another conversation. i think that's what's going to be happening. >> you mean the operating system. >> yeah. exactly. theres opportunity. but driving around in a apple car, i don't see it. >> well, it's a bmw, it's going to look like a bmw, and this source is a german magazine crediting, sourcing somebody in bmw okay, yeah, there's been a lot of apple executives coming through here. >> yeah. it's going to come down to essentially apple running the back end, the running the gps, running the screen in your car. it's not going to be a bmw with an apple logo on it. but there's a lot of money to be made with these cars, and apple does want a chunk of this self-driving future. >> so who guess -- we know tesla is out there, google of course. >> yeah. >> and then a lot of people are saying uber is working on it. that's why uber went to pittsburgh and bought o