♪ >> this is "taking stock" for december 12, 2013, i am pimm fox. vote on the set to latest budget deal in washington. how will this move the country and its local culture forward. g speaks aboutnin leading the first family of football. talksunder of apptopia about how he takes apps from the graveyard and brings them back to life. go to my colleague, olivia sterns today's headlines. >> adobe systems forecast profits that will fall short of analyst estimates. fewer fulllling versions of their desktop software. the income for the fiscal fourth quarter is 71%. trading,e first day of the largest hotel operator raised $3.5 billion with a record ipo for the hotel industry. the company and existing shareholders sold 117 million shares. the stock closed above $21. on the flip side, low lemon stock fell the most in six posting below analyst estimates. had a slowdown in sales in the third quarter that has continued into this. -- this period. theoments from now bipartisan budget deal faces its first test. the house is going to begin voting on the modest deal t

i'm pimm fox. we're going to focus on revival. the t is looking to have ultimate revival. plus, gold medalist scott west scott, the olympic snowboarder. he'll tell us how he'll bounce back from his injuries in order to reach the podium once again at the winter olympics in russia. the company overcame prohibition and bankrupty to become one of the nation's top lick or brands. first, headlines from olivia. >> thanks. steve moll cough is going nowhere. one day after he was considered of microsoft, qualcomm names him as c.e.o. verizon will probably demand about $3 billion for the spectrum. and finally, visa and master card won approval for a $5: billion settlement. the lawsuit settled on allegations that the credit card swipe fees are improperly focused -- fixed. those are the top headlines. >> thank you very much. more news, a potential cable consolidation. charter is said to be offering a letter to buy time warner cable. this according to a person who's familiar with the matter and this comes after e

i'm pimm fox. i will focus on instant gratification. did you notice that sometimes it takes patience? take the big shop that is tempting you to indulge this holiday season. looks at thecutive baking industry. him andoking at investing. and it is monday, so my producers will once again try to stump me with the mystery guest. but first, let's get headlines from carol massar. >> boeing is now looking at a $10 billion stock buyback, in addition to the $800 million plan. it is also boosting its dividend by 50%. they now has a quarterly dividend of $.73 per share. herbalife is saying price noerhouse coopers has said changes in its riata dating back to 2010. to 2010.it dating back herbalife shares serving -- soaring in the afterlife -- after hours trading. a stock deal valuing kkr at $2.6 billion. >> thanks very much. facebook, walmart, apple, and lockheed martin -- what do they all have in common? they are all exploring the potential use for facial recognition technology. in the future, your face print, not your fingerprint, could be a good t

ank you for "taking stock i'm pimm fox. good night. ♪ >> live from pier 3 from san francisco, welcome to late edition of "bloomberg west." we cover the global media and technology companies that are reshaping our world. i'm emily chang. our focus is on innovation, technology, and the future of business. let's get straight to the rundown. the value of the bitcoin is falling fast, now cut nearly in half from its recent $1200 high. we look at why, and where you can even use it. mark zuckerberg

i am pimm fox. we are focusing on trail blazers, taking different approaches to change their industry and the world. nelson mandela certainly changing the world, the legacy he left the hide. plus, ted williams, known as " the kid" and "the splendid splinter" one of baseball's all-time greats. and the kid who may become the next warren buffett. all of that and more over the next hour. first, let's go to the headlines from our radio cohost carol massar. a five-&p 500 snapping day slide, gaining more than one percent, after better than expected u.s. jobs reports. dropped toyment rate a five-year low, payroll with 203,000 jobs added. sears is looking to spin off its lands end unit which has remained profitable despite the company struggles. and there was much glitz and glamour for today's world cup draw. rizzo will faced mexico, -- brazil will face mexico, cameroon, and portugal. those are some of the top headlines. massar. you, carol the world mourns the loss of one of its great leaders. nelson mandela

i am pimm fox. nelson mandela, former president of south africa has died at the age of 95. nelson mandela was the leader of his country. he became president in 1994. joining us now via telephone from johannesburg is bloomberg wilde. l reporter franz what is the move there? >> we can say very little because it is the middle of the night. midnight.t gone i have just driven through johannesburg and there is really nobody out and about. zuma was say is that very somber when he appeared on tv just a few moments ago. everyone is incredibly sad. this is a moment that south africans have been preparing for, for a long time. lmost the last 12 months there has been an almost daily expectation they may come. >> you have been reporting from south africa for four years. when you look at those four years, what role has mandela played in people's image of their country? >> mandela is still and will be for some wild, possibly forever, the looming figure in politics. there has been a lot of trepidation about what wi

it was so bad. , archie of manning manning joined pimm fox last week. this is how he got his start. >> i have been through playing football for 30 years now. dealey reason ibo remembered i played was two of my sons played in college and still play in the national football league. i am a mississippi boy. , played football there graduated, met my wife there. i loved the experience. we had good teams in college and i was fortunate enough not to get drafted -- fortunate enough to get drafted to play football for the new orleans saints. i was fulfilling my childhood dream of being a professional athlete. there are things that most people forget. they forget i play football but the fact that my sons play has -- get me up. >> what you think about all this talk of paying college athletes? >> i don't think the players need to be paid. i think i'll -- i think college education is a wonderful we weren't. don't worry too much about pro ball. enjoy the college experience and get that education. most players aren't going to go into pro football. that, -- the main thi

speaking of manning, archie manning joined pimm fox last week. this is how he got his start. >> i have been through playing football for 30 years now. dealey reason ibo remembered i played was two of my sons played in college and still play in the national football league. i am a mississippi boy. i played football there, graduated, met my wife there. i loved the experience. we had good teams in college and i was fortunate enough to get drafted to play football for the new orleans saints. i was fulfilling my childhood dream of being a professional athlete. there are things that most people forget. they forget i play football but the fact that my sons play -- >> what you think about all this talk of paying college athletes? >> i don't think the players need to be paid. i think college education is a wonderful we weren't. don't worry too much about pro ball. enjoy the college experience and get that education. most players aren't going to go into pro football. the main thing is get a degree in college education. >> as a former athlete and father, he

i'm pimm fox. i'm going to focus on people and businesses hitting the right note. general motors is hiring its a centuryle ceo after of global automaking. and helping artists hit the rightnow when it comes to music and sales. and strawberry fields forever, not only one of the greatest eagles song of all time, but the name of the group that pays tribute to john, paul, ringo, and george. all that and more over the next hour. but first, let me give you some headlines. mastercard is that with some big news as the markets close. the second-biggest payments network saying the board raise the firm's dividend 83%, and also approved a 10 for one stock split. the company raising its quarterly dividend to $1.10 per share and also authorizing the repurchasing as much as $1.3 billion worth of stock. h&r block reported earnings. the second quarter loss was wider than expected. and shares of starbucks falling the most in almost a year. the coffee company's sales growth in the americas may be slowing. until today,

i'm pimm fox. good night. ♪ . . >> live from pier 3 in san francisco, welcome to the late edition of "bloomberg west," where we cover the global technology and media companies that are reshaping our world. i'm emily chang. our focus is on innovation, technology, and the future of business. let's get straight to "the rundown." twitter is on a tear, soaring more than 25% in just the past week and topping 75 -- $75 a share or the first time, all of this for a company that has not yet turned a profit.

i am pimm fox. mortgage index increased about one percent on an increase in applications that happen last week. i want to focus on another part of the market. the world's most exclusive penthouse listings in miami beach. to discuss the world of high- priced ellis day, i'm joined by the president and chief executive of douglas elliman development marketing. you handle a portfolio of current and future developments worth about $15 billion. susan, thank you so much for coming in. let's start off talking about the market in south florida. is it different than the market in the rest of the country? >> absolutely. if you think the miami heat is hot, the south florida market is hotter. have seen the prices go up exponentially in the last year and recognized an incredible record but -- record-breaking sale. robust realg a very estate market in south florida. >> where is all this money coming from? around therywhere world, but in particular, a lot from new york city. at $3000 a square foot, that is a bargain

he sat down with pimm fox to share his compelling story. >> i went up putting six inches of my right blade into my thigh. i bounced off the board. i was looking at this and wonder what was going on. i cut myself all the way to my femur bone. i was in top shape going into olympic trials. up to myleave it support system to bring me back. my family was there for me, friends, sponsors. 60 stitches. bite. a shark >> what did you learn from vancouver? >> i was 19 going into vancouver. i was a teenager looking to have a good time. into this game with a clear vision of what i am going there to accomplish. i have put into training and practicing onto the ice. >> what is the financial pressure of being in the sport you are in? weit is tremendous how much trade and how much we are not able to support for ourselves. liberty mutual is stepping in and helping me to fund my goals in my dreams of being an olympian again. without that, i would not b able to do the sport at all. coming up,ympics are the sponsors reach out. >> do you want your face on wheaties? >> i'm sponsored by them as well. if i do

i am pimm fox. you are going to hear from the chief executive of a company that could save your life and the life of your child. plus, the rising star of nascar driver kyle larson. he's going to explain how he's taking more risk around the track for a greater potential reward. and rock 'n roll -- how it connects to the past and future. we have the chief executive of the rock 'n roll hall of fame. he's going to explain what case, kiss and- what nirvana have in common. >> microsoft saying it anticipates completing the thech for its next ceo in early part of 2014. lead independent director john compton wrote in a blog post that the company has identified 100 candidates, talk to several dozen, and has focused on 20 individuals. the senate has moved nearer to passing a bipartisan budget deal that would ease $63 billion in spending cuts. with 12te voted today republicans joining all the chambers democrats. president obama said he will sign the plan into law. this set the stage for a final vote by tomorrow

he sat down with pimm fox to share his compelling story. >> i fell into the boards five months before the olympic trials. i wound up putting six inches of my right blade into my thigh. i bounced off the board. i was looking at this and wondered what was going on. i cut myself all the way to my femur bone. if you can imagine being in top shape and then all of a sudden i had to leave it up to my support system to bring me back. my family was there for me, friends, sponsors. >> 60 stitches. >> 60 stitches. it was a shark bite. >> what did you learn from vancouver? >> i was 19 going into vancouver. i was a teenager looking to have a good time. get some experience under my belt. now i can go into this game with a clear vision of what i am going there to accomplish. all of the years i have put into training and practicing onto the ice. hopefully win some gold medals. >> what is the financial pressure of being in the sport you are in? >> it is tremendous how much we train and how much we are not able to support for ourselves. liberty mutual is stepping in and helping me to fund my goals and

he sat down with pimm fox to share his compelling story. fivefell into the boards months before the olympic trials. i wound up putting six inches of my right blade into my thigh. i bounced off the board. i was looking at this and wondered what was going on. i cut myself all the way to my femur bone. if you can imagine being in top shape and then all of a sudden -- i had to leave it up to my support system to bring me back. my family was there for me, friends, sponsors. >> 60 stitches. >> 60 stitches. it was a shark bite. >> what did you learn from vancouver? >> i was 19 going into vancouver. i was a teenager looking to have a good time. get some experience under my belt. now i can go into this game with a clear vision of what i am going there to accomplish. all of the years i have put into training and practicing onto the ice. hopefully win some gold medals. >> what is the financial pressure of being in the sport you are in? >> it is tremendous how much we train and how much we are not able to support for ourselves. liberty mutual is steppi

he sat down with pimm fox to share his compelling story. >> i fell into the boards five months before the olympic trials. i wound up putting six inches of my right blade into my thigh. i bounced off the board. i was looking at this and wondered what was going on. i cut myself all the way to my femur bone. if you can imagine being in top shape and then all of a sudden i had to leave it up to my support system to bring me back. my family was there for me, friends, sponsors. >> 60 stitches. >> 60 stitches. it was a shark bite. >> what did you learn from vancouver? >> i was 19 going into -- >> 60 stitches. >> 60 stitches. it was a shark bite. >> what did you learn from vancouver? >> i was 19 going into vancouver. i was a teenager looking to have a good time. get some experience under my belt. now i can go into this game with a clear vision of what i am going there to accomplish. all of the years i have put into training and practicing onto the ice. hopefully win some gold medals. >> what is the financial pressure of being in the sport you are in? >> it is tremendous how much we train and

he sat down with pimm fox to share his compelling story. >> i fell into the boards five months before the olympic trials. i wound up putting six inches of my right blade into my thigh. i bounced off the board. i was looking at this and wondered what was going on. i cut myself all the way to my femur bone. if you can imagine being in top shape and then all of a sudden i had to leave it up to my support system to bring me back. my family was there for me, friends, sponsors. >> 60 stitches. >> 60 stitches. it was a shark bite. >> what did you learn from vancouver? >> i was 19 going into vancouver. i was a teenager looking to have a good time. get some experience under my belt. now i can go into this game with a clear vision of what i am going there to accomplish. all of the years i have put into training and practicing onto the ice. hopefully win some gold medals. >> what is the financial pressure of being in the sport you are in? >> it is tremendous -- how much we train and how much we are not able to support for ourselves. liberty mutual is stepping in and helping me to fund my goals a

he sat down with pimm fox to share his compelling story. >> i fell into the boards five months before the olympic trials. i wound up putting six inches of my right blade into my thigh. i bounced off the board. i was looking at this and wondered what was going on. i cut myself all the way to my femur bone. if you can imagine being in top shape and then all of a sudden that -- ien out like had to leave it up to my support system to bring me back. my family was there for me, friends, sponsors. >> 60 stitches. >> 60 stitches. it was a shark bite. >> what did you learn from vancouver? >> i was 19 going into vancouver. i was a teenager looking to have a good time. get some experience under my belt. now i can go into this game with a clear vision of what i am going there to accomplish. all of the years i have put into training and practicing onto the ice. hopefully win some gold medals. >> what is the financial pressure of being in the sport you are in? >> it is tremendous how much we train and how much we are not able to support for ourselves. liberty mutual is stepping in and helping me to

i'm pimm fox. i will focus on instant gratification. did you notice that sometimes it takes patience? take the big shop that is tempting you to indulge this holiday season. looks at thecutive baking industry. him andoking at investing. and it is monday, so my producers will once again try to stump me with the mystery guest.

pimm fox got a taste rum a company making bubbly or more than 200 years. >> not only a champagne from a specific lace but a number of rules govern what is in champagne. it has to have normally three specific rates. for dominantly chardonnay. when we talk about others and that those are completely different grapes altogether. lex how do you get it to be so bubbly? >> it is a complex, call process. champagne we actually track -- trap bubbles in the bottle. we trap them in the bottle in which it will be sold. that is different from other things that are made in a big tanks where they pressurize the tank until the wind starts to bubble. in champagne the only way to get the bubbles is to keep it under pressure in the bottle from anywhere from two years to 15 years. >> you brought some bottles with you and i was wondering if you could explain the differences. >> it has been around for 200 years. we have a number of different styles of champagne. this is the non-vintage ruby. this is a huge variation of what can be in the bottle. champagne, most people expecting exactly what this bottle has

pimm fox got a taste rum a company making bubbly or more than 200 years. >> not only a champagne from a specific lace but a number of rules govern what is in champagne. it has to have normally three specific rates. for dominantly chardonnay. when we talk about others and that those are completely different grapes altogether. lex how do you get it to be so bubbly? >> it is a complex, call process. champagne we actually track -- trap bubbles in the bottle. we trap them in the bottle in which it will be sold. that is different from other things that are made in a big tanks where they pressurize the tank until the wind starts to bubble. in champagne the only way to get the bubbles is to keep it under pressure in the bottle from anywhere from two years to 15 years. >> you brought some bottles with you and i was wondering if you could explain the differences. >> it has been around for 200 years. we have a number of different styles of champagne. this is the non-vintage ruby. this is a huge variation of what can be in the bottle. when you say champagne, most people expecting exactly what thi

pimm fox spoke with the ceo of the company that is making this thing and reality. >> we have patented technology that is designed to project a laser on the field so that it can be seen by everyone in the stands, the players, and the coaches. and eventually, we hope to be able to replace the chains so that automatically, the referees can see if it is a first down line and it might have avoided the problem it had last night. >> why didn't they do this, or is it a long process they have to go through? >> i think it is a long process they have to go through. anytime there is no technology, companies that you are presenting to have to go through their due diligence. we are making sure we have conversations with various entities and we are taking their suggestions. and we are refining our product also. when they are ready, we will be ready. >> viewers are sitting at home watching on tv and they party got the technology, but why don't the rest of the players and the fans at the game have it? >> we are trying to enhance the likability of the game for the 80,000 fans in the stands every week,

i am pimm fox. we will focus on stimulus for the economy, your mind, and your relationships. ben bernanke begins to tap the brakes on economic stimulus. how this mightu affect your portfolio and finances. move over candy crush. quizup takes the casual gaming word by storm. er is looking to bring some off-line world. >> u.s. senate has passed a budget bill. the agreement has been automatic spending cuts under $63 billion. the vote was 64-36 in favor of the bill. oracle reported fiscal second quarter that topped analyst estimates. revenue climbing 2%. a c e pfizer's michael steinberg becoming the longest- serving manager to be convicted of insider trading. it is a government figure that might increase pressure on his former colleagues to cooperate in the u.s. investigation. >> thank you very much. important news, the federal to trim itscision monthly bond purchases, this pace will follow to $75 billion a month. this will be divided between here to tell us more, robbert van batenburg who is with newedge.we are joined with with j.p. morgan funds. withth anastasia amoros j.p. morg

i am pimm fox. you are going to hear from the chief executive of a company that could save your life and the life of your child. plus, the rising star of nascar driver kyle larson. he's going to explain how he's taking more risk around the track for a greater potential reward. and rock 'n roll -- how it connects to

i am pimm fox. it that for a look at today's market moving headlines. rosending home sales less than projected. here -- hewlett-packard is in advanced talks with the u.s. debt that department and the sec to resolve investigations of potential acts of bribery in foreign countries. under the foreign corrupt policies act bribery officials outside the u.s. -- bribing officials outside u.s. is allowed. violations of poland, russia, mexico, and other countries. new york city's times or will be charging up -- will be charging this new year's eve. llingtuesdays is se 1395 perfor as much as$ a ple to enjoy it -- meal. justice,preme court spiderman, and a ton of confetti, some of it even here. to be a bigg crystal ball. turning now is the try -- times square alliance president tim tompkins. if not getting any confetti on you. you're a veteran time square ball dropping aficionado. >> i get paid to throw confetti. >> how many times have you been at a ball drop? >> 11 times. thoser the course of years, what have you seen change in the way it's organized? >> the crow

i am pimm fox. we will focus on stimulus for the economy, your mind, and your relationships. ben bernanke begins to tap the brakes on economic stimulus. we will tell you how this might affect your portfolio and finances. move over candy crush. the app quizup takes the casual gaming word by storm. grouper is looking to bring some romance to your off-line world. >> u.s. senate has passed a budget bill. the agreement eases automatic spending cuts under $63 billion. the vote was 64-36 in favor of the bill. oracle reported fiscal second quarter that topped analyst estimates. revenue climbing 2%. sac capital adisers' michael steinberg becoming the longest- serving manager to be convicted of insider trading. it is a government figure that might increase pressure on his former colleagues to cooperate in the u.s. investigation. >> thank you very much. important news, the federal reserve's decision to trim its monthly bond purchases, this pace will follow to $75 billion a month. this will be divided between 40 billion. stocks surging. shares on the dow jones industrial average up nearl

i'm pimm fox. tonight, we are going to clean up, literally. business.p is big first, you need a franchise such as "the walking dead." telltale games and the approach to making money. startup offers -- housekeeping magic. and a clean tax shelter right here in the usa. first, headlines from olivia sterns. >> shares closed up more than after ancent -- 8% analyst at wells fargo boosted evaluation by 40%. they cite potential for m&a and margin expansion. an outperform rating on sprint. apple beat android in mobile shopping on christmas day. apple operating devices were used to make 20% of all e- monday, purchases on compared to five percent of android device sales. fundraising plans were disclosed in an s.e.c. filing today. venture capitalists are flocking to companies tied to the virtual current see bitcoin. they raised $25 million. very goods been a year for the mutual funds industry. u.s. investors poured money into stock mutual funds more than they have in the last 13 years. largestt taking the mutual fund. it beat out pimco's total return fund

i'm pimm fox. good night. . >> live from pier 3 in san francisco, welcome to the late edition of "bloomberg west" where we cover all the global technology and media companies that are reshaping our world. i'm emily chang. our focus is on innovation, technology, and the future of business. let's get straight to the rundown. president obama said there may be big changes i had to the government surveillance program. what a good mean for online privacy. square ceo is returning 10% of the shares back to the company. we will talk about the

i am pimm fox. we will focus on stimulus for the economy, your mind, and your relationships. ben bernanke begins to tap the brakes on economic stimulus. we will tell you how this might affect your portfolio and finances. move over candy crush. the app quizup takes the casual gaming word by storm.

i'm pimm fox. i'm going to focus on people and businesses hitting the right note. general motors is hiring its a centuryle ceo after of global automaking. and helping artists hit the rightnow when it comes to music and sales. and strawberry fields forever, not only one of the greatest eagles

we should have had you on as pimm fox's mystery guest. we will have to book you. we will not sell -- tell pimm. much, ted curtis. >> jewelry may be timeless. one other trend has stood the test of time. that is preppy clothing. the preppy look is here to stay and growing. here are some of today's preppy is brands and why the trend has so much staying power. >> hello. i am shep. >> and i am ian. >>, on in. >> this look has been around for decades. >> preppy and has the reputation of being very, very exclusive. >> we have a couple products that we are iconic we known for. one is the shep shirt. our signature prints on the thais, our women's tote bag. one of the things that makes -- our signature prints on the ties, our women's tote bag. one of the things that makes our design so niche. >> this is the ranger book. it is more of a company lifestyle. you like to be outdoors. fish, walk the dogs. just feel that you are part of something more relaxing. >> hi, i am peter. >> and i am austin. >> welcome to our first ever boutique. come on in. >> this has been online since t

i'm pimm fox. tonight, we are going to clean up, literally. business.p is big first, you need a franchise such as "the walking dead." telltale games and the approach to making money. startup offers -- housekeeping magic. and a clean tax shelter right here in the usa. first, headlines

. ♪ >> this is "taking stock" for december 12, 2013, i am pimm fox. vote on the set to latest budget deal in washington. how will this move the country and its local culture forward. g speaks aboutnin leading the first family of football. talksunder of apptopia about how he takes apps from the graveyard and brings them back to life.

i'm pimm fox. we're going to focus on revival. the t is looking to have ultimate revival. plus, gold medalist scott west scott, the olympic snowboarder. he'll tell us how he'll bounce back from his injuries in order to reach the podium once again at the winter olympics in russia.

i'm pimm fox and we are going to focus on things that are sweet. since 1926, godiva has been one of the premier makers of earlier chocolates. its chief executive will tell us about the company's global expansion plan and the keys to long-term growth. plus, the sweet success of kabam , the company behind the game "the hobbit." he discusses his push

. >> pimm fox is here right now with a look ahead to "taking stock." >> yes. coming up at 5:00 p.m., if you ever wanted to get a manicure but were too busy, two young women have figured out a way how to create a building, and they are building it one office at a time. more next on "taking stock," and more "street smart" coming up. >> breaking news, everyone. jacob zuma, the president of south africa has just announced that nelson mandela has died. let's listen information >> our nation has lost its greatest son. yet, what made nelson mandela made was precisely what him human. what we seek in ourselves. and in him we saw so murphy of ourselves -- so much of ourselves. nelson outh africans, mandela brought us together, we will together that bid him farewell. r beloved mativa will be accorded a state funeral. i have ordered that all flags of the republic of south africa from red to half mast , and to 6 december remain at half mast until after the funeral. we pay our last respects, and let us conduct ourselves with he dignity and respect that personified. let us b

i am pimm fox. we are focusing on trail blazers, taking different approaches to change their industry and the world. nelson mandela certainly changing the world, the legacy he left the hide. plus, ted williams, known as " the kid" and "the splendid splinter" one of baseball's all-time greats. and the

i am pimm fox. we will focus on stimulus for the economy, your mind, and your relationships. ben bernanke begins to tap the brakes on economic stimulus. how this mightu affect your portfolio and finances. move over candy crush. quizup takes