microsoft not apple but use linux are you going to and anything like that people away a year ago before these leaks from edward snowden just how would risk we are online . normal most of the people didn't realize that some few people always were talking about it on the events like this once here by accident normally there would have been been a big voice an immediate now would you like to see edward snowden here perhaps next year as a speaker i would like to hear from today it's fast as possible and i would like to have an german government to give him a safe place and a secure place here in germany i would prefer it this thank you very much that's michael ebeling who say privacy online privacy activist here talking about the thirtieth chaos communication conference. and look at some other stories making headlines around the world and taliban suicide bomb attack on an international military convoy in afghanistan's. killed three servicemen and women did six civilians on tuesday rockets were fired at the u.s. embassy in kabul followed by another attack that injured three police officers t

microsoft not apple but use linux are you going to and anything like that people away a year ago before these leaks from edward snowden just how at risk we are online. normal most of the people didn't realize that some few people always were talking about it on the events like this once here by accident moment of them having been a big voice in the media now would you like to see edward snowden here perhaps next year as a speaker i would like to have him today it's as fast as possible and i would like to have the german government to give him a safe place and a secure place here in germany i would prefer it this thank you very much that's michael ebeling who say privacy online privacy activist here talking about the thirtieth chaos communication conference. look now at some other stories making headlines around the world a car has blown up near an international military convoy in afghanistan killing three sold. there's according to nato officials six civilians have been reportedly wounded in the explosion on to say two rockets were fired at the u.s. embassy in kabul followed by another

microsoft not apple but use linux are you going to and anything like that people away a year ago before these leaks from edward snowden just how would risk we are online . normal most of the people didn't realize that some few people always were talking about it on the events like this once here by accident normally they haven't been a big voice an immediate now would you like to see edward snowden here perhaps next year as a speaker i would like to hear from today it's as fast as possible and i would like to have the german government to give him a safe place and a secure place here in germany i would prefer it this thank you very much that's michael ebeling who say privacy online privacy activist here talking the thirtieth chaos communication conference. three people reported dead no one hundred twenty arrested in a way more see protests sweeping through egypt in cairo police fired tear gas of protesters who held stones of security forces the clashes followed the arrest of twenty three activists from the muslim brotherhood and accusations of inciting violence just days after it was de

microsoft not apple but use linux are you going to and anything except what people away a year ago before these leaks from edward snowden just how at risk we are online. normal most of the people didn't realize that some few people always were talking about it on the events like this once here by accident normally there would have been been a big voice an immediate now would you like to see edward snowden here perhaps next year as a speaker i would like to have him today it's as fast as possible and i would like to have a german government to give him a safe place and a secure place here in germany i would prefer it this thank you very much that's michael ebeling who say privacy online privacy activist here talking about the thirtieth chaos communication conference. and that was peter all over in brief no three people are reported dead and over one hundred twenty arrested in a wave of morsi protests that are sweeping through egypt in cairo police fired tear gas protest as well stones at security forces the clashes followed the arrest of twenty three activists from the muslim brotherhood o

microsoft not apple but use linux are you going to and anything like that people away a year ago before these leaks from edward snowden just how would risk we are online . normal most of the people didn't realize that some few people always were talking about it on the events like these ones here by accident normally they haven't been a big voice an immediate now would you like to see edward snowden here perhaps next year as a speaker i would like to hear from today it's as fast as possible and i would like to have an german government to give him a safe place and a secure place here in germany i would prefer it that thank you very much that's michael ettlinger who say privacy online privacy activist here talking the chaos communication conference. here all over the good news through him from of the russian news was. breaking news bosses in southern russia. car partly pulled up over outside a traffic inspection office but an hour ago in the city called here to go believe the reports of at least two people killed there but the numbers not yet being confirmed police are evacuating people

microsoft not apple but use linux are you going to and anything that exact people away a year ago before these leaks from edward snowden just how would risk we are online . normal most of the people didn't realize that some few people always were talking about it on the events like this once here by accident normally there would have been been a big voice an immediate now would you like to see edward snowden here perhaps next year as a speaker i would like to have him today it's as fast as possible and i would like to have the german government to give him a safe place and a secure place here in germany i would prefer it that thank you very much that's michael ebeling who say privacy online privacy activist here talking about the thirtieth chaos communication conference. but now some other stories making headlines around the world a car has blown up near an international military convoy in afghanistan killing three soldiers. according to nato officials six civilians have been reportedly wounded in the explosion on tuesday two rockets were fired at the u.s. embassy in kabul followed by an

microsoft not apple but use linux are you going to and anything like that people away a year ago before these leaks from edward snowden just how would risk we are online . normal most of the people didn't realize that some few people always were talking about it on the events like this once here by accident normally there would have been been a big voice an immediate now would you like to see edward snowden here but next year as a speaker i would like to hear from today it's as fast as possible and i would like to have food german government to give him a safe place and a secure place here in germany i would prefer it this thank you very much that's michael ettlinger who say privacy online privacy activist here talking about the thirtieth chaos communication conference. a look at some other stories making headlines around the world a car blown up near an international military convoy in afghanistan killing three soldiers according to nato officials six civilians have been reportedly wounded in the explosion on tuesday two rockets were fired at the u.s. embassy in kabul followed by anoth

microsoft not apple but use linux are you going to and anything like that people away a year ago before these leaks from edward snowden just how it risks we are online. normal most of the people didn't realize it some few people always were talking about it on the events like this once here boxen enormous you haven't been a big voice an immediate now would you like to see edward snowden here perhaps next year as a speaker i would like to hear from today it's as fast as possible and i would like to have an german government to give him a safe place and a secure place here in germany i would prefer it that thank you very much that's michael ebeling who say privacy online privacy activist here talking about the thirtieth chaos communication conference in briefs and i think we reported dead over a hundred twenty arrests morsi. of egypt cairo police fired tear gas and. a test as old stone says a few people says the trash is full of arrested twenty three activists from the muslim brotherhood and accusations of inciting violence and days after it was declared a terrorist organization the brill

microsoft not apple but use linux are you going to and anything like that people away a year ago before these leaks from edward snowden just how would risk we are online . normal most of the people didn't realize that some few people always were talking about it on events like this once here by accident normally they haven't been a big voice in the media now would you like to see edward snowden here perhaps next year as a speaker i would like to hear from today it's as fast as possible and i would like to have a german government to give him a safe place and a secure place here in germany i would prefer it that thank you very much that's michael ebeling who say privacy online privacy activist here talking about the thirtieth chaos communication conference back here in moscow let me thank you stories in brief three people dead over one hundred twenty arrested in a wave protests of protests. that is sweeping through egypt in cairo police fired tear gas at protesters who killed stones at security forces as clashes followed the arrest of twenty three activists from the muslim brotherhood an

added to the already tens of thousands of patents held by microsoft and apple, they did very little incremental improvement. with blackberry on the potential sale block, finding out its patent did not have the value it wanted her tensile -- its potential sale, all of these stakeholders are realizing they probably bought a whole bunch of paper and they did not necessarily get the value for the sale. >> interesting stuff, as always. his prediction came true once again. we will have more of "bloomberg west" just after the break. ♪ >> i'm cory johnson. this is "bloomberg west" streaming on your tablet or phone or at bloomberg.com. jack dorsey has been elected to disney's board of directors. he along with other board members will face an election at the annual meeting. joining us with a perspective on dorsey's newest job is david kirkpatrick, he has -- he is the ceo and tech editor in new york. you know jack really well. what does bob eiger see in jack? >> i think it says a lot about what a blue chip company disney is that it could get jack dorsey after already having sheryl sandberg on its board.

i think that apple and microsoft may not only have to work together for the next few years, but may even see a merger five to ten years from now, because they're going to have to take on the google android/facebooks of the world. >> i'm trying to digest that one. >> exactly. >> i'm not so sure that the government would allow that kind of get together, that kind of tie-in, but it certainly is interesting. but that's pure speculation on your part at this stage, right? >> absolutely speculation, but if you look at what's happening, and you look at what apple wants to accomplish with the mobile market, you look at the one microsoft initiative and you look at the cross pollenization of devices, security is king and a user base between the millenials and senior citizens that are easy usable stuff transparent between the devices. on the tv we saw 50 social apps pre-loaded to the tv. i didn't care about anything. what i thought was cool was i could go from device to device to device, my hand held and tv is plugged into the same stuff now. >> interesting, any other tech names you like? >> you kno

, it really did feel the engine at apple and microsoft. that said, i do believe there are multiple ways of learning. i am still learning now. by nature i am someone who was too absorbed as much information as possible and try to problem --ve and understand proposal whether poverty and washington, d.c. are global health issues in bangladesh. those kind of puzzles are interesting. the same was true of steve jobs and bill gates. that kind of problem solving passion is what has fueled so much innovation in this country. i am lucky. >> let's go back to money. what happened to you here as you began to be worth a lot of money? obviously, you're not taking a salary for a long time. what did you think about money? no question that people who made money rapidly like i did ok from ordinary backgrounds but extraordinary in many ways in terms of the family i was lucky enough to be born into and suddenly having extraordinary wealth, the wealth can either absorb you or you can look at it and say what one want to do with this? really looked at the idea id

, it really did feel the engine at apple and microsoft. that said, i do believe there are multiple ways of learning. i am still learning now. by nature i am someone who was too absorbed as much information as possible and try to problem solve and understand proposal -- puzzle whether poverty and washington, d.c. are global health issues in bangladesh. those kind of puzzles are interesting. the same was true of steve jobs and bill gates. that kind of problem solving passion is what has fueled so much innovation in this country. i am lucky. >> let's go back to money. what happened to you here as you began to be worth a lot of money? obviously, you're not taking a salary for a long time. what did you think about money? >> there is no question that people who made money rapidly like i did ok from ordinary backgrounds but extraordinary in many ways in terms of the family i was lucky enough to be born into and suddenly having extraordinary wealth, the wealth can either absorb you or you can look at it and say what one want to do with this? for m

so we have a microsoft debate straight ahead. >>> apple is getting a boost on a report it's inked a deal with china mobile, but the company is getting another push from carl icahn. how should you play it? that and much more straight ahead. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. >>> welcome back to the "halftime" show. we have breaking news regarding twitter. and julia boorstin has that from l.a. julia? >> it's yet again another post-ipo step from twitter to show investors it has big plans to make more money. it's launching new targeted ads that seem to be a game changer for how advertisers target consumers and convince them to spend. twitter shares up about 4% right now. just moments ago, the company announced it's rolling out a new advertising tool that targets users based on what websites they've visited. this particular type of formatting is valuable, because it helps them reach con

ford's ceo alan mullally will apparently not be the new ceo of microsoft. he is staying through the end of the year with ford. have more on microsoft in a few minutes. but we are also following major news involving apple and china mobile. they have signed a deal to finally bring the iphone to the world's largest mobile carrier with a rollout coming later this month. this comes a day after china mobile will grant a license from the chinese government to operate a new network. jon erlichman is in l.a. following the story. we have been covering the potential for this deal for years. was this license all they were waiting for? >> there are a host of issues that played into why these two could not get on the same side. them.twork was one of and obviously, the pricing and revenue sharing agreement, subsidies, all of the stuff that apple always has to deal with its working out arrangements with the carriers. at the end of the day, it would be a huge developing for the company just based on numbers. we are talkingbout a carrier that has well over 750 million subscr

they are not going out and doing branded work. what they are trying to do is anticipate what their clients need, so when a company like apple or google or microsoft comes to them and says, we want to develop this, they do have their offices in cupertino, but apple does develop a lot of their own technologies, but they work very closely with their manufacturing partners, such as foxconn, to figure out how to bring it to market and mass market, and that is one of the key things, mass production, so it foxconn is trying to anticipate the needs, and they can actually fulfill them. >> what do you think foxconn will be looking at other than wearable technology? >> well, one of the things that we can assume, and we certainly have not seen necessarily any evidence, is things that go further, such as medical devices, and that is similar to wearables and connected devices, but the thing with medical devices, we have aging populations in the u.s. and japan and even in china. things that can measure vital signs is certainly an area that foxco

apple has gone from one cluster to another. you can see they're spending has been above google and microsoft. google and microsoft were not in the device business until recently. we do see a rise in microsoft and google. they are starting to pop more into manufacturing. >> what about advertising spending. samsung has been getting a lot of attention for its ads. the next ring wing is already here -- the next big thing is already here. how does it compare? >> we can look at the history. in 2009, samsung was a large spender. they have that business. they were certainly one of the larger pc makers. they are a little less than samsung. if we go forward, there was rising spending amongst all the players. the largest growth was from samsung, which accelerated to where they are spending more than coca-cola on ads. this is a phenomenon that is visible worldwide. >> horace, really interesting stuff. thanks for slicing the numbers of slightly different way today. it is now time for the bwest bite. >> it is the number of mobile phones for

of course carl on apple has not gotten that far. we'll see what happens there. there's no doubt the boards have gotten the message. we'll see how long it lasts or whether it's an enduring trend. your point whether activism will continue be quite as much of a force and a way to invest because there's a lot of people adopting the strategy of the activist. >> over time i think some of the problems we might see from the sheer number is a bough down to the activist mentality, it working well right now the low interest rate environment but long term is there real growth and organic development of new revenue from company? too many money will go -- >> half a trillion dollars a year. >> and giving voice to the populist of shareholders, interesting to see if that moves the needle in the board room. >> a small change, iss said shareholder recommendations, you have to get the majority of those shares voting. >> the activist shareholder doesn't necessarily represent the shareholders at large. i'm not sure that carl icahn of apple represents the shareholders at home. >> but

apple has gone from one cluster to another. you can see they're spending has been above google and microsoft. google and microsoft were not in the device business until recently. we do see a rise in microsoft and google. they are starting to pop more into manufacturing. >> what about advertising spending? samsung has been getting a lot of attention for its ads. the next big thing is already here. how does it compare? >> we can look at the history. in 2009, samsung was a large spender. they have that business. they were certainly one of the larger pc makers. they are a little less than samsung. if we go forward, there was rising spending amongst all the players. the largest growth was from samsung, which accelerated to where they are spending more than coca-cola on ads. this is a phenomenon that is visible worldwide. >> horace, really interesting stuff. thanks for slicing the numbers of slightly different way today. it is now time for the bwest byte where we focus on one us a whole tells lot. what have we got? the number of mobi

going into next year you can see some of the larger companies like an apple needing to recover and microsoft going to a new phase of recovery. that will make the sector will cover broadly. that is an area where you can still see absolute values and a market that has been difficult to find. that second area that has been interesting next year for different reasons is industrials. because as mark carney said, we really need to see the coming through. the big guns to come through. we need to see it come through. for companies that we saw in the last few months, we are seeing glimmers of hope. in that area. we particularly like automation, energy efficiency. and some areas of aerospace as well stop the niche. we are beginning to see some pickup of the top line. go back to technology. i am looking at all the technology companies. you like microsoft. it is a company being overshadowed. is there somebody like to see at the top? >> we are watching it very intently. unique to see somebody in place before we really make a decision. we are invested a but until it is a top stop. we want to make sure tha

microsoft released it s next generation xbox one.sony came out with its play station 4.apple souped up its tablets by stocking shelves with the ipad air and a new ipad mini...then added snow flakes to its stores to to get customers in the mood to spend. not to be outdone...google launched pop-up retail shops called "wonderlabs" in new york, dc, chicago, la , new jersey and sacramento. google's wonderlabs will carry nexus smartphones and tablets. "retailers and online stores are really going to be pushing video games because of the two new consoles playstation 4 and xbox one and any toys that have a digital angle, products like tablets." analysts suspect e-readers and tablets will turn out to be the biggest tech gadget sellers of the holiday season. consumers are preparing for a holiday debt hangover. our money man greg mcbride of bankrate.com joins us via skype this morning. good morning greg. how likely is it that americans will overspend during the holidays this year? > >it's as much a tradition as apple pie and grandma's house. unfortunately this is not an unplanned expense, we've k

. >> my first prediction here is i believe in 2013 apple is not going to get back to its record high stock price. i believe microsoft will continue to lose relevance and may actually cease to exist in its current form in about five years' time. i feel that chinese stocks are going to really rebound. they're going to get their house in order in terms of stimulating the economy again. i think that maybe, just maybe, we could see the big comeback for chinese stocks next year. >> those were mandy's predictions for 2013. the hair. you look flo. >> i could have added the prediction in 2013 my hair would slowly deflate to where it is now. let's run through these. number one, apple, that prediction was correct. >> apple was 300 a share below the price when you made the prediction. >> well, it is correct nonetheless. over the past year it's only been up about 4%. currently sitting at 546. clearly well below the 700 plus it was at its record high. >> i predict apple shares will not hit 6 trillion by next year. >> i think you might be correct on that one. okay. as for china, i am wrong on this

they are not going out and doing branded work. what they are trying to do is anticipate what their clients need, so when a company like apple or google or microsoft comes to them and says, we want to develop this, they do have butr offices in cupertino, apple does develop a lot of their own technologies, but they work very closely with their manufacturing partners, such as foxconn, to figure out how to bring it to market and mass market, and that is one of the key things, mass production, so it foxconn is trying to anticipate the needs, and they can actually fulfill them. >> what do you think foxconn will be looking at other than wearable technology? well, one of the things that we can assume, and we certainly have not seen necessarily any evidence is things that go further, such as medical devices, and that is similar to wearables and connected devices, but the thing with medical devices, we have aging populations in the u.s. and japan and even in china. inc. that can measure vital signs is certainly an area that foxconn would be

, microsoft, many more. the white house says this health plan is pretty good. we just got to get the web site right. not there yet. not yet. life with crohn's disease or ulcerative colitis is a daily game of "what if's". what if my abdominal pain and cramps come back? what if the plane gets delayed? what if i can't hide my symptoms? what if? but what if the most important question is the one you're not asking? what if the underlying cause of your symptoms is damaging inflammation? for help getting the answers you need, talk to your doctor and visit crohnsandcolitisinfo.com to get your complimentary q&a book, with information from experts on your condition. or treat gas with these after you get it. now that's like sunblock before or sun burn cream later. oh, somebody out there's saying, now i get it! take beano before and there'll be no gas. >>> a fox report now and more of the headlines. principle officials transferred the convicted mobster "whitey" bulger, to a facility in oklahoma. prosecutor inside tulsa

neil: i wanted to take a look at this on microsoft. >> you see this? that means it's not a real laptop. without wifi, it doesn't do much at all. it tracks what you do. >> what is that? neil: taking a look at the that is mocking the apple design. >> this new ipad error is astonishing. the kindle is only 379. >> do you notice anything peculiar? businesses are going for the jugular. companies are doing these kinds of ads. >> you have this and apple has been doing this for years. and the thing is that the companies went negative against each other and it's like, okay, you're making a point. but they carry this into conversation with millions of people. and we will back it up with a video. >> you are the expert. it is comparatively informative. we offered a cheaper price and etc. >> if you know the application, it is spoken and all of a sudden the man is like, okay then. and so there's definitely a hit. companies in the advertising agencies take tremendous pride in their work and say that we have this as a client. >> ended saying that, okay, we are better t

even if you are microsoft and apple. >> especially these days. scott, you are sticking with us. next, the closed. -- the close. we have the top 10 stocks you need to know about. ♪ >> ok, if you missed everything happen today, right now we are going to get you caught up. it is time for the top 10. number 10 is oracle. sales and profits were in line with estimates. the company is seeking to sell web delivered software. larry ellison has revamped his database and has acquired about 100 companies over the past decade. >> ride aid to dropping 10% today. it is lowering its guidance. it expects to earn $.23 a share at most, that is down from an earlier production -- prediction. highly promotional selling environment in the front end of the stores. >> number eight is astrazeneca. it agreed to pay $4.3 billion to buy a stake of a company that makes diabetes drugs. the new ceo has been trying to revive business. nonetheless, the stock does not react. number seven, pier 1, jumping five percent after reporting income climbed 13% as customers spend more during their visit to the store. the

neil: i wanted to take a look at this on microsoft. >> you see this? that means it's not a real laptop. without wifi, it doesn't do mu at all. it tracks what you do. >> what is that? neil: taking a look at the that is mocking the apple design. >> this new ipad error is astonishing. the kindle i only 379. >> do you notice anything peculiar? businesses are going for the jugular. companies are doing these kinds of ads. >> you have this and apple has been doing this for years. and the thing is that the companies went negative against each other and it's like, okay, you're making a point. but they carry this into conversation with millions of people. and we will back it up with a video. >> you are the expert. it is comparatively informative. we offered a cheaper price and etc. >> if you know the application, it is spoken and all of a sudden the man is like, okay then. and so there's definitely a hit. companies in the advertising agencies take tremendous pride in their work and say that we have this as a client. >> ended saying that, okay, we are better than

microsoft, not one billion, microsoft sold 2 million of the xbox one. it is fantastic. people like microsoft. >> i have all of them. the xbox one is the best. >> i know scarlet likes the robins egg blue box. you don't want to be holding shares of tiffany. percent.down two rules that they are in violation of that. >> eon say shopping at tiffany's i can guess. beyonce shopping at --fany second-guessed shopping at tiffany's i can guess and she was spotted at walmart. her new album have gone on sale and they are selling it at walmart in addition to on itunes. target should have gotten her on board. you can add 10% off on target. >> we have much more coming up. make aes it take to blockbuster sale of a-list actors? we will discuss. >> coming up tomorrow, author of "the facebook effect" will talk about the biggest media trends in 2013, including everybody watching bloomberg surveillance. >> and looking ahead to what he will say about 2014. this is bloomberg surveillance, i am here with michael mckee and matt miller. tom keene is offer the week. our guest hostess from person m

microsoft's deal for nokia could face limits and china. chinese phone makers when regulators to make sure the takeover does not lead to higher patent fees. asked for conditions on this deal. that is today's company news. everyone is battling it out in china to see who can get a leg up. >> the chinese economy is such a possibility. everybody wants in. the chinese are not sure -- >> one billion consumers. >> there was a book written, i will space on the author's name. we have him on "bloomberg surveillance." he said there are a billion consumers but they do not like the same things we like in the u.s. people will be disappointed. >> people make a lot of money trying to figure that out. to understand your customer. there are people who are going to make money helping you do that, consulting firms. little things like taste. food product, the chinese are not crazy about sleep. we have someone coming on to talk about stevia. >> in the second hour of "bloomberg surveillance." on.ant to move it has been a pretty busy year for media companies. twit

you have apple, microsoft, ge, ,ther major american countries even microsoft, hopscotching around the world, looking for a place with the lowest tax rate. some of them are even combining and letting themselves be bought out to get the irish, dutch, or luxembourg tax rate. it is interesting, global leaders are starting to take a look at this. the g 20, the largest industrial countries at their last meeting in st. petersburg, they said they need to address the issue of global taxation so that companies cannot shop around the world. it is going to take a while, but you are right, the companies, technology, with the click of a computer mouse they move money around the world much faster than people can figure out how to organize a set of rules that might make it fair for everybody. andrew, texas, republican caller. caller: hello there. thank you for c-span. this is one of the most important channels. i wish you could get it out there and tell everyone even more. forgive me if i am asking a redundant question, but your title is "who stole america." who did steal the american dream? also, yo

it was an interesting product but it did not really fit together and they did not have a customer and microsoft has not been great at building it. >> microsoft bought the handset business of knoc nokia. does that fit together? >> it probably was a good idea. it gives them a chance to compete in the phone market and gives nokia a lifeline. there was integration between the two companies. in some ways, microsoft seems like a flop for the year. the stock is actually up for the first time in a long time because steve ballmer is leaving. software or concept flops count as well. patch is where it is at microsoft and they held on and last week they said enough of this. >> do you see more next year? do they continue with experiments? >> technology is relatively easy to start or end a new idea and we will see things come out and some collapse. >> thank you for giving us the three worst tech flops of 2013. report --ign-exchange what will the fed due to the dollar? 12,105.nesian ruopea, a much weaker indonesian currency. now.body is watching this the australian dollar continues soft and there is

apple and microsoft. drama inre is so much business in making stuff and selling it for less than it cost. i thought it was well written. got slammed in the new yorker. but the new yorker is wrong. it is day nine of 12 days of it -- bit coin. what have you got from us, matt miller? >> i have been using it on the weekends. for the purposes of programming, and folk business days of bitcoin. i have been fascinated by all the regulation around bitcoin. it has really heated up the last with the bodyslam that china put on the currency yesterday. when i bought it, we were just over 800. we had come down from 1200. one person probably paid $1200 for it and then we came back down. back up to 1000 for a moment. last night, at some point, bitcoin traded for $339. so, it has been a wild ride. i have done a lot of things of this. including buying a plane ticket to spain. i was thinking yesterday -- 1200. >> i wasd thinking, where can i go over christmas? i will take some time off. map andd to pick out a look to see whe

microsoft and google are all paying somewhere between one percent two percent. sometimes close to zero percent with the palm is these people way the current tax laws are set up to actually assist be able to avoid any taxation and so we need harmonization of their european something with their fingers. alright so we had a system that floats our notions of privacy. floats are notions of national boundaries which were sort of discovering a little bit with it with this note in there when you teach. at gospel. do you feel as though there's a huge generation gap when you discuss this with your students this there is a cute chair and went to macs to choose a to b c this is not a problem. oh did the speed this is a huge problem when they see is a world where state will become and it brought the rock institution and were corporation will have one more power and not truly optimistic on that and one thing's for sure with them. i've been teaching with him but is confident its this totally unfair and that the prisoner a fair bit since two thousand to less than a telescope. a

when my children begged me to buy apple computer at $5 a share i told them microsoft had better music device. i'm sure if i was on twitter, i would be blocked. no one wants to listen to me. adam: what do you think is causing the turn around from what we've seen earlier this week? >> i think the downside move was really quite minimal. there was no volume. the same thing with the upside move. we're just meandering through a confusion created by our own federal reserve that was supposed to give us forward guidance. they missed the mark and muddied waters not tapering in october. the entire investing world is significant on their hands trying to figure out what to do next. you saw record outflows from bond funds. you saw outflows from u.s. equity mutual funds this month. that we've not seen in a while. that tells you there is confusion to the investor. professionals in this market are protecting the yield they had on the year. record year, up 25, 30% for asis the managers. they don't want to see that go away. while open for trading using derivative trading. that is the basically the tale