let's move on to that they question about the monetization -- de-monetization. 500,000 rupee notes out of circulation. disappointing of gdp growth. let's look at where we are at that. not so bad really, as we look at the chart. the white line is the measure, gdp. quarter. actually higher, but it was supposed to get to 7.5. the gda, another measure of growth in the indian economy. it is pulling down a bit, 7.1%. you can see the de- monetization, it seems to have lost a bit of steam. 0.5 percentut a cut. yvonne: some economists say short-term, this could create chaos but long-term, it could be good. it is still early. people are trying to figure this out. this happened november 9. when we were focused on donald trump. that is when prime minister modi stepped up with this. this is a cash heavy economy. 80 percent of india's consumption is done in cash. itsman sachs has slashed fourth-quarter gdp forecasts. it sees a fourth-quarter gdp of just 4%. compare that with our recent estimate, taken after the de- monetization was announced. this is hitting the farmers hard. saying, maybe it will n

rishaad: up next, that the monetization drive in india. haidi: we head over to mumbai. this is bloomberg. ♪ haidi: this is "bloomberg markets: asia". rishaad: china's big state-owned companies will see dramatic changes in the coming years according to the former chairman of sinopec, saying mainland companies have what he called tremendous room to improve efficiency. at $60 a barrel to stabilize slumping airport. industrybing the oil as an elephant that will become a dinosaur without reforms. haidi: japan braces for an unusually cold weather time. buy powere forced to from other utilities or risk rolling blackouts if consumers don't conserve electricity. tokyo saw its first november snowfall and more than 50 years last week. reports from china save beijing's last three: mines will be closed in the next four years. so far this year, beijing has close to mines with an annual capacity of 1.8 million tons. ae chinese capital has history of coal mining the dates back 800 years with sides renowned for high quality. china to india, the economy grew less than expected in the t

it is easy to go out and build a huge user base and attract customers, but can you monetize them? i think we will see that process start to happen over the next year or so as some of the tech companies in the middle east are to think more about listing on public markets and getting scrutiny from investors. haidi: thank you so much for that. matthew martin for us. are thep, investors most optimistic on oilsands since the slump began to and half years ago. we will find out, next. this is bloomberg. ♪ haidi: welcome back. you are watching bloomberg. i'm haidi lun in hong kong. yousef: i am yousef gamal el-din. let's get a quick check of the business flash headlines. airbus has suffered another blow to its troubled program with iran dropping the a380 dropping the plane. the revised contract will no longer include the super jumbo. airbus has cut production to one play in a month by 2018 as demand has lindor. emirates is the only carry to give the aircraft a major role in its fleet. haidi: job cuts across several after years ofd aggressive expansion. sources told bloomberg the layoffs

the rupee has recovered ground, but still weak in the d monetization stage. there is little need to cut, but where the story gets muddier as because of the do monetization initiative. economic activity has taken a hit. it has been more pronounced on the quiddity, so i think the central bank needs to take a supportive stance, but the market is split, most people expected cut, and that's where we need to see guidance there is from thecient clarity central bank. we have downgraded our two-year forecast, and i think the hit will be worst in the december .uarter you should see the momentum come back, a temporary problem, but the central bank will need to take a better stance this time around. arei: do you think there longer-term problems that would result in more downside risks, state assembly a collection's and the first half, political concerns of instability there, potential delays when it comes to reforms? i think to begin with, this particular move is entirely unexpected, that this should also be seen as part of it broader reform agenda to limit corruption, t

that is one impact of the monetization will be felt. announcedster modi the ban of 1000 rupee notes. that is a crackdown on discrimination. we have seen this opposition and fraught with implementation hurdles. today is the first of december, payday, people trying to withdraw their cash. there is a not enough money, and atms are going dry. a a lot of the sections have been popular -- a lot of the population has been affected. the larger question is that the economic impact is still on assessed. the government claims that the economy will bounce back. forecasts quebec to 7% of the next quarter. -- caught back to 7% of the next quarter. india gdp could swamp to 6.5%. harsha: the payday is coming up soon. how is modi's currency recall going to slow down the india growth story? mentioned, we still don't know the actual impact. we are only going by forecast. the official number of the gdp for the december quarter will be revealing. having said that, the government is expected this from day one. even since president modi announced this de-mone

and think about all of the businesses that alibaba hasn't monetized. including ali pay and things people don't know anything about in this country. i think these are opportunities. those were opportunities in those stocks. they traded down 30% and went back up at least that much when the dust cleared. >> may i ask a quick question? i know we're tight on time, but -- >> just raise your hand next time. go ahead. >> but alibaba is having a lot of problem. counterfeit goods? i would wonder if that vest he is wearing is counterfeit -- >> i don't think anybody wants a copy. >> trying to get faux hide. >> that's nice material. ♪ holly jolly christmas >> i mean, come on. >> overall for the u.s. markets, though. if there is a trade war. >> you have to watch names that are heavy importers. so walmart. that's one of them. and even if there isn't a trade war, walmart products could be going up. >> or apple -- >> wages are going up in china. so we had low -- production in china. low cost of production. wages are going up. if things are going well, the cost for ba

in some way will be a referendum on the de-monetization policy. rishaad: thank you very much indeed there. next, the growing wealth cap in hong kong. we get thoughts on the problem and how to solve it. ♪ rishaad: shares in their strain after thend plunged resignation of the chief executive officer. partiesall said it had wanting to buy shares, including significant players in investment management. said to be kicking off a formal sale process. company is working with financial advisors and has interest from six possible bidders. kate spade has been struggling to recover from the recession, and the company told us they have no choice but to look for a buyer. southeast asia's best stock is expected to continue its run in 2017. shares have tripled this year o, and expected to grow 8% in the next 12 months. that is the highest price since may 2012. benefiting from a commodity rise inspired by the election of donald trump. the relationship between hong kong and china has never been more strained. indeed, a widening wealth cap, questions are being ask

. >> that are not monetized. >> that are not monetized yet. and when you keep hearing about -- there was a great story about ruth porat, cutting a lot of fat. this is a company i think you want to swap out of facebook and go into google. any of these other bets pay off and they start to monetize these other properties, they're making huge investments in cloud, ai, machine learning. if there's one thing that works, i mean, one thing, you have this company that's probably the most valuable companies in the world. >> i think this fake news thing is an issue. you could see ad dollars move away from facebook into google. >> advertising dollars, we do surveys all the time, deep dives into this stuff. the advertisers want to advertise on facebook, they can't wait. instagram, it's an amazing platform for an advertiser. >> is it, though? >> it absolutely is. >> is a tiny little screen a great platform for an advertiser? >> it is. you look at them and say that's why they are who they are. >> you also have to think about these names in the context of rea

you may have seen a move that happened in venezuela where the government he monetized -- de-monetized the note. even the u.s. government has taken -- talked about taking the action.l out of >> will they continue this drive toward pushing everybody toward mobile? >> i think so. made changes. this is a long-term move toward digital transactions and taking cash out of the economy. >> is their political liability for the prime minister? >> it will be interesting to see in --he elections are that come up in 2017. we will find out what the political act lashes. india is two thirds rural and the population has been hard hit. and confused. the people i have spoken with on my trips to india are having trouble understanding what really happened here. that is two thirds of the vote. we will find a with the political effect is -- find out what the political effect is on the prime minister. bit morerned a little about how this is working and what may happen next. back to you. betty: a brave new world there. thank you. much more ahead. china is stepping up the fight against pollution to clean up it

do you feel inclined to monetize as quickly as you can? this euphoria may not last, even if the outlook for growth is constructive. up?than: when valuations go we have to send capital back. it does create a window to sell stocks, to sell private assets. we have been doing that. i would not say there is some kind of frenzied pace. we are not waking up overly concerned. this, if youlize you havethe mission, stabilized business and you are in an environment where it's good. you look to sell. speaking, does this rising interest rate environment the yield curve slipping romantically imperil or hurt blackstone's business in any way? jonathan: i don't think it hurts us. when you think about what we do, we own companies and real estate. we lend to companies. businesses flows for is positive for most of what we do. we don't own a lot of long-duration lawns that get hurt in this kind of environment. onre is a little more risk things that are more stabilized. that's not a big portion of what we own. higher growth environment should be better for our

sophie: there will be at first to monetize, but not getting traction yet. earliest effort has been about building user base, just like google and others began that way. our position should be easy. southeast asia, the nine at states grow that market share. it will need some tweaks to be attractive to those users. >> it has grown from nothing to 20%. brazil, uniteda, states are some of the largest countries. everybody wants to look beautiful. break: do think they will even by the year end? monetization will be very successful. toould look to 1-2 years out have substantial upside. the exact breakeven, you have to ask the chairman. rishaad: they want to get into the u.s.. what did they need to do in your view and how do you assist them with this? >> everyone's idea of beauty is different. to asians tend to want exaggerate the degree to which everyone is beautiful and similar. i think americans like to look different. african users have a different desire, as well as brazil and india. skin whitening is an example where every country is a little different. so we

i think that the idea of buying an augmented reality company so help them monetize through e-commerce where you put a piece of fun chur in your home and get to view it and that sort of thing is really interesting. i think snapchat is doing some really, really interesting things behind the scenes in their business and they're monetizing in ways that most people just don't understand. how do necessary guys make money. believe me, they're making a lot of money and i think they charge something like $50,000 a day to put stuff on their app. so i think they're doing really well. >> this is hardly facebook's billion dollar bet on instragram right before its ipo, but how should we be thinking about a company going on an acquisition spree and attempting to diversify? >> this seems like a smart bet for snap. they have been doing a lot of things recently and kind of going out in different directions. i think they're both trying to keep a mystery around them. nobody really knows how much money they make, how they make a lot of their money, they're an advertising company. they also -- but they adv

i mean, they have their youtube channels could be monetized, their bugs could be monetized. i know that with the mass casualty event in orlando at the pulse nightclub, there were hoax content coming out while the shooting was still going on. >> you created an organization, a foundation, to try to counter this. to try to get these lies, you know, taken off the web. to try to just inform people about what, you know, what they call themselves truthers, you call them hoaxsters. >> right. i don't car them truthers. when someone says "truthers," that really makes me think 9/11. that's really the term. and as far as sandy hook, we've been calling them hoaxsters since, you know, since pretty much the beginning. because they -- first of all, they don't think anything bad ever happens. they don't think anyone ever gets hurt. so they think that wherever they see something on the web or on television, that is a crime or mass casualty event, that it has to be a hoax. and then if there is debunking evidence that comes out that shows that they made mistakes, like researchers, like normal r

sales s have gone down by almost 70% since the monetization happened. you can imagine w what our business is like them. it will be sometime before our sales normalize and go back to the way things used to be. it is a vicious circle. many are desperate to take out cash but banks don't have enough of the new notes to distribute quickly. cash-strapped customers are spending less. therefore businesses don't have my to hand over to suppliers who are in turn running it hard to meet existing demands. our incomes are based on the supply of goods. now there is no supply because there are cash problems everywhere. the first two months after the molestation were so bad that we don't even have money to buy food. now that the catch is coming back into the market, hopefully the supply of goods will resume. >> the indian government assures the public it is playing a long-term game that requires patience. with consumers unable to easily spend their income and small cash online business is going under, patience is wearing thin. >> that is your business update for now. b

of course taivr yaws spencer and janelle monet play women main brains behind nasa first successful space mission including specifically john glenn and i spoke to henson and the cast about that and did they ever meet or know about these women. watch. >> quite a few women. >> when i saw the film i got teary eyed in the end knowing what these women had done. i'm curious before the movie did you know anything about them? >> no. >> nothing. >> nothing. >> i thought it was historical >> by the time i got the script he had already told me this is a true story. and first thing wanted to know is is the cast still alive. shee is very much alive. and once the ink dried on contract hi to go meet here i had to go and meet her. you talk about 90 something it's like i have to meet her now. >> yeah. >> and she's amazing. her humility. she never said i, never said we. in fact she was looking like what is all the fuss about? i was just down my job. >> that was the three from the movie hidden figures phenomenal movie everywhere january 6 and playing regal gallery place here in washington d.c.. those are in

you go to a brokerage and monetize your connections. u still have friends at pensions, mutual funds. can you convince them to trade with you? are you so close with them? are you guys best friends? can you get them to trade with you even on the margin? if you can, then you can get a cut of that. the business model for these people is they get up to 75% of commissions, which is -- if you can generate good flow, it is good money. scarlet: what about the cost side of the equation? there is a lot of overhead expenses involved with running a firm as well. hugh: they run a lean ship. it is expensive -- they have a bloomberg terminal -- scarlet: that is a worthy investment. -- theowever, these guys main character of the story said the first time he was at pgm, he was in the black. scarlet: goldman's gary was asked to join trump's -- joe: it is official now. was asked to cohen head donald trump economic council. yet another goldman alumnus joining the government. joe: this firm, how big are they? are they expanding still? are there other firms t

they have the monetization coming. let's go to some of the misses because that swept a lot of key players. twitter, i know you cover as well. but at the end of the 2016, it just crescendo for facebook. sarah: technology companies including facebook are realizing now or should be realizing now that they can't just sit back and say we are these neutral platforms, we have no baring on what our users do. no, people are saying, you are responsible for the information that you distribute on your increasingly popular networks. and we saw it with fake news. we saw it earlier in the year with trending topics. facebook has to start to take seriously its roles. caroline: mark, this is something google, the owner of youtube had to be dealing with. what are some of the key caveats that google, alphabet, the parent company, has? mark: it had less pressure than facebook. there's been an issue with google. with controversy if you search for something for a while, if you search around the holocaust, you get like obvious hate and racist

would you give a tip of the hat to claude monet and the invention of the many ball -- ball as what brought the musket into the military arena? earl: you're absolutely right, rifles and been around since at least the 1400s as handcrafted weapons, somewhat temperamental. you need to be patient and know how to use it properly, oftentimes used for hunting etc. , and maybe a little bit you could see some evidence in the 1400s, 1500s, 1600s, of the soldiers who use it for what we would call sniping. ,bviously it is claude monet the frenchman, who developed a technical process for doing this on a commercial basis to mass-produce rivals and a projectile so it was easy enough to load to make it feasible for general issue. that is the real innovation that brings in rifles as a general issue weapon. hasmore question if anybody one. >> you have not mentioned a weapon which has privilege of place in any french infantry manual, the ban at. -- the bayonet. what do you consider to be the use or usefulness of that in these battles? earl: you bring up a good point. everybody who gained us and experience in

that move could signal alphabet's desire to bring autonomous driving to market and monetize its technology. shares rose almost 1% to $815.34. >>> and verify i phone's shares continue to rise following the company's better than expected earnings after the bell yesterday. the payment system makerish issued guidance that came in below expectations but shares soared 8% to $17.85. >>> have you shopped online lately? the answer is probably yes. and there is a growing chance you bought something big and bulky. and that means the companies that bring you those oversized items have to make some costly changes. morgan brennen reports tonight from new jersey. >> reporter: toy cars. big-screen tvs. even trampolines. big-ticket items that destiny for door steps. online sales of these oversized goods are now growing faster than the rest of e-commerce. fedex's vice president of ground operations, scott burns, says these big shipments that can't fit on normal conveyor belts now comprise 10% of company volume. >> it's growing. i mean, hence weaning into nonconveyables. the consumer wants to ship it, they'r

. >> now lets do a monet. >> i'm not that good. >> to delays there, no delays four to, headed toward 295 and philadelphia over in new jersey, 5:18 this morning, construction to tell but route 130 and at route 47 that will last until about 6:00 a.m. and that is at brooklawn circle. also some construction further south on route 130 at route 44 , and route 322, lasting longer as well and some septa stuff, septa buses, trolleys working object a modified schedule going through friday, jim and rahel back over to you >>> now for a look at newspaper headlines across our region. >> from the times herald seven people displaced by fire in the 500 block of stan bridge street in norristown tuesday afternoon. all of the resident, family of three and four adults, fortunately got out safely. >>> on the front page of the burlington county times, joint base maguire dixon lakehurst will not face base closures thanks to legislation signed into law by president obama. national defense operations act provides for $619 billion for defense spending for 2017 fiscal year and includes a provision prohibit ing

. >> it's monet's version of then traffic. little impressionistmpreioni particular. >> -- impressionistic.nistic >> it's always a mess around here. here. >> federal investigatorsestitors working to find the cause of aef weekend deadly multi-vehicleehi wreck that happened inapned ba >> and if your child attended frederick county marylandarylan public schools in the last fewts years there's a chance thatancet their information could be atult risk.sk >> before we head to break bre though let's take a quick look k at today's stock futures. we'll put those up.we you can take a'l look at theooat numbers. there we go. 4:57 is our time right now.ightw we're at 33 chilly degrees.y dre fox5 news morning back rightkig after that. >> ♪♪ ♪ my guest list just tripled. my cookie exchange is super competitive. mine too. i want to go really big with my appetizers. we can do it without blowing our budget. my family really needs to be wowed this year! standing rib roast! wow. everything for the holidays. that's my giant. >

that's janelle monet. she's one of our elves for our holiday toy drive this morning. now flip over to the other side of the plaza. wait. what's going on over there? jonathan scott doing the same thing. it is the toys for the children. by the way, the scott brothers are going to be co-hosting our next hour here on "today." >> i'm a little afraid of that. >> dave price in for al roker this morning. hoda's here while savannah continues on maternity leave. >> we're having a nice little party on the plaza. >>> just ahead, tony bennett is here ahead of his prime time special tonight. we'll celebrate his incredible life. he's turning 90 years old. he's going to have a live performance. >>> look being forward to that. plus, we'll help spread some kindness and holiday cheer in a hard-hit community down in louisiana. >>> and from the holiday guest who tries way too hard or the one who manages to spill everything, we'll get a little help on managing the stickiest etiquette situations over the holidays this time of year. >>> but first, may we bring back one of our elves, the love

when you think about the ability to monetize that and put some stuff together, i think that's a story in 2017. >> i have one last question for carter that has to do with the broadening of the rally and the tech gain. it seems like the tech gained this week and not necessarily at the expense of the financials. >> that's right. maybe to this point, it's been rotation. coming out of here to go there. if it's new money entering the market, you can get a real lift. but i think the issue is this. all of the things that you have just cited about google were also in effect a month ago. and the stock's been worse. the question is, is the underperformance at an end. it looks maybe day to day it looks like that, but to get new highs, i don't know. yeah, i think the burden of proof is on the bull. >> okay. >>> turning now to the president-elect, donald trump's cabinet taking shape with a common thread among his picks. a goldman sachs resume. john harwood is in washington with the latest. hey, john. >> hey, melissa. it's an intriguing common thread when you think about all the times during the cam

the finance minister spoke yesterday, saying currency availability -- has increased despite the monetization. think it could be several months before the situation stabilizes. 's support seems to be holding up. why is that? rosalind: it is still holding up. thinkn see what people when the elections happen. there are about five of them coming up in the coming weeks. the difficulty in terms of -- impactingd demand and the economy, they have had to revise the growth forecasts. own from the original %7.8. of buyers not been able to get a hold of cash. beentions like this have tough for people. it has hit whole levels of society. ani is going to be making address to the nation. here is of course going to be india's economic plans, revealed on january 6. certainly a reversal of fortune for india for the year. the structural reforms could benefit any long-term. typically onlys use half of their paid leave. we are gointo talk about the latest initiative, next. this is bloomberg. ♪ ."tty: this is "daybreak asia yvonne: the country that coined of the phrase "death by overwork " is looking to give st

but it is about monetizing above the network. when we have the network business, that is great, but we also believe we have the right to play in the platform space and services as well. >> let's take a minute and talk about the internet of things because that is always fun and sexy. why -- maybe in general, what is it that verizon -- what is it that made them or you interested in that just as a general area of business? >> yeah, so internet of things is actual a space that verizon has been in for quite sometime. we've had relationships with automobile companies, oems, for many years and had the original general motors business with on star and the connectivity part is something that we've done for quite sometime. last year we announced a platform called think space which allows application developers to come and write applications on top of that and then we also have some of our own branded services. we released financial numbers around this in our quarterly earnings so we're doing a couple of hundred million bucks a quarter and

even on friday, prime minister narendra modi addressed parliament when he defended the monetization move and called it a move to empower the poor and willdigital payments result in empowering the poor. you are seeing a shift. so far this was about black money, putting an end to two counterfeit currency that led to terror funding. now this is being pitched as a move towards a cashless economy and how this will empower the poor. the government is going all out to defend the move, but the proof in the pudding is that the action in parliament, which has ,een acrimonious, the action the budget will be presented on february 1, and more importantly , we've spoken about the goods and services tax. nobody really knows the political fallout of that and how much that will be delayed. thing is people have been depositing their money into banks, i guess, that has been part of the intention. good for the banking industry though surely? >> it is. there has been a surge in liquidity, but short-lived special cash is a reserve requirement. so liquidity has been stable. rishaad: great talking to you. have

. >> i've been calling for twitter to-- they haven't monetized their model. they deserve to be down, they're not only not defining how they'll monetize their model. they're not showing willingness to create the right environment for someone to acquire them. i believe there's companies who can acquire them and monetize their model and twitter will be a very effective tool. they have not verballized that yet and investors have punished them. >> it's off 75% since the ipo. two things, twitter is still pretty powerful. donald trump wipes out billions in market cap and boeing and lockheed when he talks about companies, but at the same time it's the twitter abuse, and why disney and sales force backed away. here is the play line. could basically verizon back away from yahoo! and fix twitter? could google buy twitter. anybody in 2017. if they haven't bought them already in the year 2016. who is going to put a bid in now? >> there's the disney rumor. now, disney has had what i would consider was a justifiable idea for them and they were not willing to be flexible and

india, narendra modi swimming along nicely and tell the monetization program he put into place. how do you see that working out? it was unexpected, i and uncertainty. it is likely to have a short term impact on growth. we have shaved a half point off of india's gdp growth, but still at 6.9 percent, still the fastest country in terms of growth in the region. over the longer term, this will pass and the point of this was to bring in revenue for the government by bringing in the informal economy into the official tax net. we are skeptical it will work the way it was designed, but let's give them the benefit of the doubt, and it has not changed our medium out term for india. rishaad: thank you. have a fantastic new year. coming up, investors welcoming reports that kate spade may be going on sale. details are on the way. ♪ u.s. markets ended lower, that the luxury bags sector was a bright spot in the wednesday session. 23% rise on reports of a sale. though u.s. markets closed in the red on wednesday, the luxury back sector was a lone bright spot. kate's fade rally 23 percent on rep

- and jack and twitter about how they will deal with their business model moving forward and how to monetize their user base. carol: you took one of your reporters and deploy him to a social media/marketing agency to see what happens? yes, it's about instagram and it's a must read. oliver: we spoke to the reporter. you wrote about what it's like to be an instagram or social media influencer. i don't know where to start. tell us what an influencer is. ofif you are under the age 25, you know all this but if you app up your instagram, the that facebook owns, you will notice in between your friends, there are some very attractive looking people wearing beautiful outfits with beautiful vacation shots and pictures of beautiful meals. many of these people are professionals. they are the equal and of models and what they are producing our little miniature lifestyle magazines. especially young people will follow this for style tips. advertisers will pay money to get into those feeds. it's a burgeoning new media ecosystem. for business week, i decided to dive in and try to become one of these people.

the and, the -- at&t, how does that fit boo your thesis, into the idea that capturing attention and monetizing it, turning it into dollars is a prevailing business of the time? >> guest: yeah. so, you know, there's -- at&t is, obviously, an incredibly wealthy company. it has more revenue than many other companies combined. but it too has come to think that maybe the real resource here that matters is your hold on human attention. that is, just raw time, raw time and raw hours spent with certain content. so that's what they've seen as the only route forward for them to make more money. and i think that, you know, the fact they want to pay $85 billion for time warner's property gives us the sense of just how important this is. i think it is odd just how far this model has gone. in a historic perspective. we started this session talking about the penny press, tiny, tiny sector of the economy. nobody really cared about it necessarily. so, and then you have a spread where it spreads from this business model, the attention merchant business model spreads, you know, first to radio, then to television

example why he must divest all his interests into a blind trust or the equivalent with broadcast related, monetized and sold to someone else. meantime trump senior advisor kelly and conway dismissing questions whether the executive producer job would interfere with mister trump's presidential duties. >> so concerned about hours and hours, presidents have a right, and the ideas days these men will be all about that is unrealistic, it has not happened in a lifetime. >> some extracurricular, be change -- to offend people in power. just to show them he is not playing along and tweak their sensibilities. >> quite obvious. >> it is a right. >> do you inc. it is going to fly? >> so many conflicts for trump. the funniest of them all. if i were giving him counsel i would say come on. >> people ask even if you are supportive of trump and always have been, knowing this will not look good, why do it? >> the american public don't have a problem with business dealings, he is still running major businesses, still an executive producer on a hit show that has been around ten years, getting money off of it, not host

they have the opportunity to monetize their channel and they get access to special events at twitch. we tried to have a great product and we are out in the community. does amazon react to this? guest: we -- the most common thing we have done is twitch crime. twitch oriented part of amazon prime. it comes with all the benefits. also on twitch benefits. it is helping money into the pockets and for customers. try not to force it. we're still in the learning phase. i am positive as we grow we will find amazing things to do with amazon. we are still focusing on that community. you have the immunity so far, are they worried about the expansion, are you worried about [indiscernible] worried about whether our community would embrace their not. the awesome thing is they have. we ran a survey to ask people what do you think about twitch adding non-gaming content, do think it will be good for the platform and more than 70% of our creators a greater strongly agreed with the statement, i think twitch adding more content than just giving will not only be good for me but for the whole platform. onl

monetize 65 and san jose close to 56 and 65 in san rosa. over what to expect full-year year's weekend. >> steve: brought turner rape conviction mrs. presiding in the case take a look back. 2007 is shaping be a big consumer technology. oh yeah the of a divide expect the cut. apple samsung amazon google facebook all the big ons and new comers. are working hard to release new products in 2017 that will make you drool. and pull out your wallet. nats - stage all eyes will be on apple this year when they release the next iphone. it's the 10th anniversary of the smartphone and expected to be a big upgrade rumors include an all-glass design https:/9to5mac.com/2016/11/11/ip hone-8-design-reportedly-bezel- less-with-5-inch-and-5-8-inch- curved-screens-airpods- production-starting-december/, wireless charging, a super high speaking of iris scan. i used that in a phone this year. and it was awesome. i think it will replace the finger print unlocking system. however, soon after i tried it it went away the samsung galaxy note 7 was the first phone to fea

to the point where they can become a twitch partner, which would mean they have the opportunity to monetize their channel and get access to special events at twitch, so i think that we try to have a great product and then make sure we are in the community in evangelizing it. what is the reaction to this? >> we work closely with amazon when we can find something awesome to do with them. twitch prime is a twitch-oriented part of amazon prime, comes with all the amazon prime benefits, but also twitch benefits. and is awesome for creators help to drive a lot of money into their pockets. for our customers because amazon prime is a great product. so far we areing in the learning phase. i am absolutely positive that we will find amazing things to do with amazon, but we are still focused on growing that nascent community. >> the community you have already that has loved you for the gaming side of things, are you worried about the expansion? wewe really did worry when started to expanding beyond gaming whether our community would in brace that or not, and the awesome thing is that they have. we rece

twitter about , they questions about how they are going to do their business model moving forward and monetize that user base. you took one of your reporters and you deployed him to a social media marketing agency just to see what would happen. guest: it is definitely a must read. oliver: you spoke about what it's like to be a social media influencer. let's do the basics. tell us what an influencer is. guest: if you are under the age of 25, if you open up your , you will notice between your friends there are attractive people wearing beautiful outfits with beautiful vacation shots and pictures of beautiful meals. these people are professionals. they are the equivalent of models. what they are producing our miniature lifestyle magazines , especially young people, will follow for style tips and advertisers will pay money to get into those. it is that new media ecosystem. for business week i decided to dive in and become one of these people. are having fun and laughing a little bit but these guys can make a fair amount of money. guest: over 1000 people are making more than $100,000 per year selli

i would say that the services like spotify that monetize at a really great rate where we see, you know, users coming in to a free channel, we see at least 1/3 of those users over time becoming paid customers. there is obviously added value. and that added value is convenience. it is the ability to make a playlist, share a playlist with the outside world, organize your music library, it's all of the things that help to surface music that you would not have known about. >> you are known as the guy who dropped the from facebook. i know you and mark were very close. give me a status update with your relationship with mark. how often do you stil talk? sean: mark and i don't talk nearly as much as we used to. there was a period where we continued to consult every day. but yeah, generally speaking, it's a good relationship. emily: there's a scene in "the social network," where you and mark zuckerberg meet for the first time. and what some people may not know is after that, i believe, you go and hang out with travis kalanick who is now the ceo of uber. is that true? you actually met up at a cl

they have the opportunity to monetize their channel and they get access to special events at twitch. we tried to have a great product and we are out in the community. caroline: how does amazon react to this? guest: we -- the most common -- prominent thing we have done is twitch prime it is a twitch . it is a twitch oriented part of amazon prime. it comes with all the benefits. also on twitch benefits. it is helping money into the pockets and for customers. amazon prime is a great product. we try not to force it. outside of gaming, we're still in the learning phase. i am positive as we grow we will find amazing things to do with amazon. we are focused on growing that's nascent community. the community you have so far that loves the gaming side of thing, are you worried about moving beyond that? >> we worried about whether our community would embrace their -- that or not. we recently ran a survey to ask people what they think about twitch adding non-gaming content. than 70% of our creators either agreed or strongly agreed with the statement very i think twitch adding more content than

they have a little speedbump on their monetization program. countries, at select there is terminus opportunities right now in emerging markets. but broadbrush. higher rates. there is too much uncertainty broadbrush. we have to wait and see. mark: your 2017 outlook certainly does not paint a picture of tremendous opportunity here in europe. if i am right, the take away is into words -- avoiding europe. is that harsh? michael: yes. team wemulti-asset roamed the world. we come up with two handfuls of convictions. we don't own everything all the time. we see the continent and the u.k. as well as a year of pause. the fundamentals are getting better, but the political uncertainty of what happened in the netherlands, we just have one uncertain moment after the other. and because you wrote is so linked to what happens to the is song markets -- europe linked to the emerging markets we have to wait and see if the reciprocity does not translate to an outright trade war. that is our belief, but the uncertainty is so high i think the continent european mar

if you want to monetize it, good luck how to do it on your own. what they say is for a little bit of money, we will hold your hand and make it look professional and michigan is reliable. carol: and app call song kick can improve the life see experience. jones is 30matt years old from england. essentially, he was able to start selling tickets directly to artists over in england. when she wasdel unknown. he had these relationships and started selling tickets for them. a crowd source, they could sell 20% of their tickets. they had a lot more control. hehe made 10%. what do you do after you conquered england? you come to the u.s.. carol: then you meet ticketmaster and live nation. they are a beast and control a lot of the ticket sales. >> they do. even before the merger with live nation, ticketmaster --. are estimated they had contracts with 80% of the biggest event in the u.s. in england, concert halls are higher. it is not hard for the artist to get there toe in there. in the u.s., ticketmaster negotiates exclusive deals with all of these places. ca

thesis -- a new subscription revenue model and hope that developers will no longer need to worry about monetizing their game with ads or in app purchases. drones are going into new and unfamiliar territory. there is one type of commercial drone you may not see. cyphy works with the air force and ups. we visited the faa approves test facility for an exclusive look. >> hovering among the trees at peak foliage is an unfamiliar object. a high-powered commercial drone. >> what you're seeing here is our park system. it is persistence aerial reconnaissance and communications platform. >> if you look closely they are tethered to the ground. they are designed for surveillance and communication. >> it allows us to keep the bird in the air indefinitely. it is powering the system. it is allowing us to move data up and down the tether. >> they can fly at 400 feet for up to 220 hours. cyphy is partnering with police, the u.s. army, and big events like concerts and marathons. >> this screen you are seeing is coming off that camera. this is our payload. this is a cm-100 camera that gives you 30 times optical zoo