Fair market value than in the last five years. That means the range of outcomes is also more in certain pair but i like the tailwind we have from the Oil Price Decline that we have seen in the last three or four months. I think that will make a good 2015 economy and. Foronsumer spending rising the biggest gain in three months in november. Hasworld bank of scotland suspended bonuses for 18 current and former traders as it reviews the Foreign Exchange business. Six employees already face disciplinary action. Three of them suspended pending investor gets him. Qualcomm could face a huge loss of revenue in china even as it tries to get paid. The Chinese Government pushing the chipmaker to accept lower royalty payments. Negotiations are ongoing. China would end its antimonopoly investigation of qualcomm. A few minutes ago, sony released sony announced it will release the interview to select theaters on chris mistake. Journalistsdy about hired to kill north Korean Leader kim jongun. More on sonys decision coming up on bloomberg west. Now to the lead and more on the north korea and sony arehack. Outages, even more of them, as parts of the country are back online. Is it the u. S. Or Sony Pictures itself . Told trishtom ridge regan how he would like the u. S. To respond. I would like them to click on the internet and see the stars be theipes flag and may starspangled banner being played. That would send a message that says, look, we know who you are. We can get into your system. Dont do it again. Jordan robertson joins us from washington and also lucas shaw. Width of theatest sony decision to seemingly reversed themselves and show the movie . The latest is that sony has issued a statement from sony. Ntertainment ceo mike litton they havent provided much more detail on that they said they are try to get more platforms and they want it in as many theaters as possible. It is unclear how many that will be. A big reversal for sony. The individuals who run sony have been under the gun. Before the focus on the movie, the focus was on the individuals running sony. Why this kind of turnaround . T kind of pressure within what kind of pressure were they under . Linton has been pretty steadfast in the past two days that they plan to release it. Heis just a matter of how blames the movie theaters for doing that. Yesterday, you saw a lot of independent theater owners, including some who will now exhibit it saying they would be willing to do so. My guess is that sony come after realizing that it angered a lot of people by pulling it, look for an alternative and they found some in theaters that are sympathetic to the whole subject of the First Amendment and wanted to help. Off the president is one thing. Taking off George Clooney is another thing in hollywood. Jordan, you covered this hacking issue so well. The notion that the internet was shut down in north korea was a fairly amazing thing. Is that a sign of the u. S. Proportionally responding . All the evidence we have been able together and the commentary has been able to glean points that this was not the u. S. One security expert said, if the u. S. Wanted to shut down north koreas internet, it would be a lot worse. The internet was down from with a nine hours, significant, but for very few people in north korea. Really only the elite have access to the external facing internet. People and very few we have been talking to some activists online who have claimed responsibility for it. All the technical evidence points to this being a fairly straightforward type of attack if one wanted to pull it off. North korea only has four networks connected to the external facing internet and that is not a lot. You dont need a lot of firepower to take that out. X is this fairly unusual . There are some companies that have really fragile internet. North korea is an extreme example. Before. Seen this egypt was a notable example. Launch these attacks. It is a question of taking a target and sticking to your timing. So the timing of this cometh they were independent hackers, it was pretty fortunate for them. And they received a big splash and they were quite effective. If nothing else, it points to the fragility of north koreas external internet. Wellt is worth noting as that north korea has a lot of hacking from outside its borders and we have not heard from those networks. Next perhaps the news of the streaking is not a sign of connecting the dots from the president s comments to the shutdown of the internet in north korea. Least, they said they were inspired by the president s comments and inspired by this kind of patriotic, the kind of nationalistic impulse to strike back. So the government didnt really need to do much more than what he did to inspire folks to do these kinds of things. Whether there was a week and a nod and a tossed approval of this, we may never know. But the statement was made and north koreas defenses were really hit hard. Appreciate you coming on. Lets look a little deeper to them how common is it for it to go down . The group that found the internet was down, and the director of internet analysis debt midori joins me from hanover, new hampshire. You guys sort of broke this story and discovered the extent to which the internet was down there. How unusual is it for north koreas crummy internet shoul connection to go down . For countries like north korea where they only have a there arenection other countries who are you in this but besides north korea, such as uzbekistan or give our syria, which syria has had a number of outages in the last couple of years any time that difficulty or a service outage, then the country is offline. There had been national outages in north korea over the last couple of years. Generally, they have been fairly brief, probably not that noteworthy. That onest means provider, if they are offline, then the whole thing is offline. But as your previous segment discussed, it is a very small internet in north korea. You mentioned in your work that there are four networks in north korea but you just said to us there is one line outcome can you explain how that works . Referringnetworks is to border gateway protocols, one of our core data sources that we use in our work for internet Performance Measurement and management. There are four routes to each route is a range of contiguous ip addresses. If it is on the internet and communicating, then it has censored of ip address that identifies it on the internet. You also told us that there are a 1020 four ip addresses in all of north korea. I think i have more than that in this room right now. You do. The internet in the United States, the biggest, has just a addresseser a billion. I had a discussion with a News Organization this morning from aboutsaying that it is 100 62 7 million ip addresses 167 represent the million ip addresses that represent the internet in japan. So this is a microscopic network. This internet did not play a big role in society in north korea. Very few people had access to it. Sites af how it handful of websites, mostly the government, nearly nobody out of the Million People who live in north korea, almost nobody has access to this thing. Me ask you this what would it take to launch this kind of attack on a country like north korea . Just to be a clear, i dont have direct evidence to confirm that this is a cyber attack. I cant rule out the possibility that this is an extraordinarily poorly timed router disruption. You have to consider the possibility. Pursuing the theory that this is a distributed Denial Service attack directed at north korea to take it offline, that type of attack on the spectrum of sophistication is actually pretty low. That means there is a lot of players out there who could conduct it. Basically, it could have been toy over the right shoulder that could have done this. Thank you very much. The tradeoff for facebook, will it about the censorship in order to find its next billion users . That is a tough question for facebook in russia. Wax facebook is bowing to censorship pressure in russia. The company agreed to block a page that promotes the rally of an Opposition Leader at the request of russias official communications later. Tois trying to block access other protest pages on facebook as well as pages on twitter and the russian social. Network this comes as let a mere pollutant tighten laws on internet freedom. That what does it say about facebooks ability to grow its user base in russia . David, this seems like an existential crisis for facebook. What is facebook in the face of this russian power . I have Great Respect for you but that is overstating the case. This is not an existential crisis. They faces and a thing every day. This just happens to me getting more publicity than many of the requests they get. Unfortunately, they have made this statement historically that they will obey the laws of the countries in which they operate. Sometimes, they disregard that, like at the beginning of the arab spring in tunisia when they were doing things explicitly to empower the protesters. Hard position when the government officially asks them to take down a site. In this case, it is not that clear because apparently there is a number of other pages on facebook that essentially have the same message, some of whom of which have more people following them that facebook has not taken down. It may be because they werent asked to take those down, maybe the government isnt aware they exist. I saw one thing that says maybe they received a request over the weekend and a more junior facebook person acted too quickly in taking down this one. I dont think they are really jeopardizing their business in russia by taking this action. But the reality is they have a very difficult line to walk when they are asked by a National Government to take an action to abide by that countrys laws. So maybe crisis was a little strong. Existential question, the definition to me, this is the question of the business. It is one thing when they were at 100 million users and growing at a 50 clip. But now they are growing 2 or 3 lly, at a clip. Area, may be russia, they faced with this issue of what do they want to be and how big do they want to be in that . How does Mark Zuckerberg think , confrontingsue oppressive regimes that want to silence people on facebook . That is a great question. In the end, zuckerberg and the company all try to think about the users first. Simples is not a question. If you think about it, their growth, as you point out, has slowed, but it is also a gigantic number and they are still adding very large numbers, millions per month. But they want to grow in literally every country. Think about it this way. If they didnt thou to a request like this in russia and they want to grow in places like turkey and iran and china eventually and plenty of countries that have governments that like to put in repressive laws, the governments could make life extremely difficult for them in those countries where they havent yet got as many users. Then they would argue to themselves that that would hurt those potential users in those countries. They are truly a global service. Every time they take an action, they have to effectively think. F it in a global context that makes it extremely complicated. Go along to get along is a hard way to take a moral stand. I think they do take more old moral stances and the other sites, other pages that also promote the same demonstration have not come down indicates they are not eager to suppress debate in russia. But if they were to refuse to act on a specific request by the government, they would be in trouble in russia and that might cause them to be shut down. David kirkpatrick, thank you as always. Next, Seattle SeahawksRussell Wilson and his relationship with microsoft and how Technology May help him become the owner of an nfl franchise. The nfl will announce its annual list of pro bowl players tonight. Quarterback Russell Wilson hoping to make that list for second year. Off the year, he wants to leverage his endorsements with Companies Like microsoft into buying his own team. I started by asking him what else he wants to see tablets do in the future. I think continue to be able to sort things out process things faster. I know microsoft has more and more things to do and i want to talk to them about that this offseason. That will be kind of cool. Were kind of things because the leak controls it, too . Just be able to hit all the third downs. When we watch film, that is one of the things im able to do throughout the week. Look at all the third downs come all the red zone plays come all the scramble place, all the pressure plays. Third downs, all the red zone plays, all the scramble plays, all the pressure plays. You are working with them over the offseason, you are already thinking about that stuff . I think about how i can help the process on the sidelines. New technology will continue to develop and it is rate that microsoft it is great that microsoft is innovative to do it. Chris how do you decide what Companies Even beyond microsoft to work with . I try to be genuine with what works for me. I use the surface all the time. I used to be an apple guy. For me, when i first met with i didnt know if this was going to work. And then they gave me the surface ii. Ever since, i have started to get myself involved in that, especially when the surface iii came out. It really change the game for me. I use that every time we have a meeting. I can sort my notes and in the right way as coach careless talking, if the court naders are talking, my quarterback coach, all those things are organized the right way. Is on the east coast. I get to skype all the time with my mom and my sister and also my brother. He has a little daughter. To be able to talk to them is really Something Special for me. What about the stuff beyond the microsoft stop, making decisions, how do you sort through that stuff . You must be inundated. I get great opportunities. Thats a blessing. I think for me, i just try to be genuine and be selective. I am very selective about which company i want to be involved with. I believe in having a championship mindset and that is not just on the field but also in business as well. I want to own a team monday. The people i want own a team one day. The people i want to associate with are those that can further that. 2014, the ultimate year of disruption for telecom business. Is ahead for tv providers like comcast, directv and more. That is next on bloomberg west. It is 26 minutes after the hour. That means bloomberg tv is a on the markets. Look at where stocks are trading right now. We have a record for the s p 500, above 18,000 for the first time in a Dow Jones Industrial average. That is a record as well. The gdp revision this my for the Third Quarter of an annual rate of 5 , helping propel stocks higher. Take a look at individual movers. Ertz global h holdings has risen. Make the best entertainment part of your holidays. Catch all the hottest handpicked titles on the winter watchlist, only with xfinity from comcast. You are watching bloomberg west. Interview, the sony interview that prompted the hacking of Sony Pictures, will go on limited release on christmas. Small theaters are among those that will be showing the film. Sony pulled the film after threats from hackers. One of the most controversial deals on cable, the purchase of the contest bridges of time warner cable. The sec was flooded with comments to reject the deal. Fcc was flooded with comments to reject the deal. Cable just submitted additional documents that commissioners need to review. Can these tv providers compete in the year ahead and what is the role of telecom in all of this . I feel like this year in telecom has been very interesting as well as the year in sort of cable and settler broadcasting. Every year has been aged medic change. Gregs one of the more exit one of the more exciting entrance from it of years. What stands out for you the most . Telecomonvergence of and Media Industries coming together is probably the most significant thing. Are verified by the two big deals that are on the table, one of which you just mentioned, and the other that i dont want to talk about because i am on the board. I think it is an inevitable trend. We need more connectivity, a lot more content. That is what is meant to happen in 2015, as well as the continued explosion in mobile. Tv everywhere, where people can get their content. Initial examples of some of the streaming trends, directv Just Announced a streaming service for a dollars a month for the Hispanic Community a couple of weeks ago. For 8 a month for the Hispanic Community a couple of weeks ago. Isnt that just a deal of different Distribution Networks and not content itself . I think its more a carrier like at t reacting to some significant customer demands for more video. Saidare quoted as having one of the directv foreclosures, they will have 70 million broadband homes covered and 300 million customers with mobile their again, isnt that about the pipes on the way people get stuff and not the stuff they get . No, it is accommodation of both. The stuff you add is the content you get as opposed to the boring old pipes. The pipes need to get a lot faster. There needs to be more of them and there are different kinds of media. A great example to prove that point is they 45 billion to 50 billion that carriers just spent on new spectrum auctions for the aws spectrum in new york over the last 30 days. They have got to have more capacity to handle these new forms of content. Quite you think all the carriers are all the people who got the pipes are buying more spectrum to have more pipes are going to want to own the content itself or own a company that has the deals to get that content . I think eventually they do have to embark on a plan to own content. One of the biggest problems in the industry today is the content companies have a veritable monopoly position, at least in many sectors. What do you mean . When i think about the movie theaters, they dont have a monopoly at all. Content can take it to networks are time warner or showtime. Companiesk at these for example, fox is off the air with additional right now. This is the example of a fight between one of the off the air with dish right now. This is it the exact love a fight between one of them. Raiseare trained to their prices as they can. Some of the deals we are talking about is efforts by the studios to negotiate better deals with content providers. That said, there is a whole new bevy of content companies that will start making their presence be felt in the marketplace and that will sort of internetonly video and so on . Yes. Twitches interesting. Twitch isvideogame interesting. It is the videogame service that is seeing more views where the users are creating the videos and playing the video games. Yes. That is a new form of content. Youtube is experimenting with new techniques for the creation in which the group of people that design Youtube Content self police it and self evaluate it. And their customers give them feedback and users as well. So there is a lot of very new ways this content will be delivered to the architect. What do you make of the resuscitation of tmobile . He has done on amazing job at taking a third rate carrier and come up with an innovative way to offer cheap phones and contracts and grow the business for quite a long time. He is a great example of the thesethat some of traditional carriers need to follow in order to become leaders in the next 10 years in the marketplace. Dynamic. E has been he has taken advantage of the fccs desire to not have the u. S. Industry consolidate down to remain with four mobile carriers. This morning, i saw an analyst note that says we think it is it makes sense for tmobile to get together with sprint. Think that tmobile can really get to a significant market share given its limited spectrum right now . I think it is going to be a challenge. Spectrum has been known to change hands. One wild card in this whole thing is Charlie Ergen who a lot jobeople say did the best at per dissipating in the auctions. Job at participating in the auctions. Hes got a decision to make clear them hes done a great job at building up asset value in spectrum. Now weve got to move to the monetization issue and that is key to his future success. Appreciate having your insights. Silicon valley getting real with Virtual Reality. What will the next year hold for Vr Technology . The interview, the sony picture, seth rogen tweeted freedom has prevailed. There he is jerking from the family cut drinking from the family cup. Sony willing to put this movie out there in a limited release. We will see how limited that is. That is one reality. Virtual reality is still all the buzz in silicon valley. Earlier this year, facebook bought [indiscernible] the first the our headset available to general consumers. There is this thing from dodo cardboard and works with your iphone 5 with some custom apps. It is actually really cool. But what is it going to be . Is it going to be cardboard . Will it be oculus rift . House Mike Waterhouse joins us. Ive got to tell you. I just got these things in my hands today. It is actually really cool. I got one, too. They are pretty cool. S is actually being used hey, you look pretty good, cory. By the way, happy holidays. What is amazing about the one i got is it is being used to demonstrate advertising technology. These things are taking off. Antenna money down the road. Money to be made down the road. There is a lot of money coming down the road from the venture capitalists. Rothenberg started their own find. There is a myriad of applications. This will be a very broad platform and its not going to be entirely extensive and it wont only be big goggles. You talk about samsung with the telephone, what the cell phone. So this is here to stay now and now there is scores of companies starting to produce applications, new accessories. This will be a big ecosystem. I heard the same thing about 3d televisions about three or four years ago at cef. That didnt happen. Yeah. I think the 3d television, consumers got normal hide a television for their daytoday viewing. That was fine. 3d will be much more about things where you really need to reach in and take control and use it. So training for doctors, training for students, immersive ,eaching, designing bridges putting your house up on the web in a Virtual Reality environment with lowprice goggles. I dont think this will be about watching scandal. The entertainment thing is overhyped here in hollywood where i am sure there is some interest and theres talk about developing entertainment. But the process of using these virtual things, its kind of exhausting on the eyes and to the mind. I cant imagine sitting for 90 minutes with this sort of very immersive experience. It is a lot more tiring than in a theater or watching film or something. Yeah if you have to hold it up to your face, it is a little tiring. The oculus is Getting Better and better. I didnt even notice it was on my head by the end. But i was also sitting down. Or is this company that has come out with a Virtual Reality treadmill. A lot of different possibilities of what will make good formfactor for different use cases. I dont think you will see one device. You will see a lot of different devices for different use cases. Its going to be an interesting thing to watch. It is amazing what you can see in these things. Look, i see mark crumpton. I see the bottom line coming somewhere in the next 20 minutes maybe . Something is just horribly wrong with you, cory. You think . You have to check this out. Im going to make sure you get some of these. Lots of news. What do you have coming up . We will look at novembers new home sales figures in the u. S. The number fell to a fourmonth low. Annika con will help us break down the data and she will give us a look at the housing sector in 2015. Sony, as you mentioned, has reversed an earlier decision and now says the film the interview, a fictional plot to kill kim jongun, will be shown in limited release on christmas day. Back to you in san francisco. Turned 3d just reality into a contractor, but thats all ive got. Ask a Johnny Carson reference, very nice. Peter pan . No. No. [laughter] bottom line coming up in a little bit. They are not virtual but real. How about flying a balloon over Mount Everest . If only has a unique holiday giftgiving experience that also benefits charities. You need a lastminute Christmas Gift . If only offers some holiday specials. They are unusual gifts. Ceooke with the founder and and started by asking what makes selling experiences a unique is a small. Andelivering experiences selling experiences is a surprisingly context business. We reverse engineered the amazon platform for sending things and applied it to experiences. Lack out dates, sometimes in person things require a background check, different tax of locations. And our platform delivers it all. Are those things that are oneoff hurdles, background checks, travel, whatever, are those replicable so it becomes a model and not just an individual item . There are some things that can be done at scale and some that cant. Sellrk with fans where we hundreds of meet and greets but maybe only one private concert. The model is different, too, just making profit for example. Model is very modern. Every single transaction benefits a charity or cause. Some of them get hundreds of thousands of dollars from us. Already . Oh, yes. Was there any particular inspiration . I had sold my last company and i was thinking what is the coolest idea i can come up with . My brother loves tennis and i had gone him and our attendance with john mcenroe. I thought, what if there was a place you can go and get these expenses regularly . If only has their own so why not call it if only . Fancy people who live on the edges of the country and no people with influences can run into these kind of opportunities and most of the world cant. Is that part of the idea here, that the markets i cant read determined i what we see the market today cant be determined by what we see the market today . To haveu have the money Michael Cirillo cook at your house, we can arrange it. Can give you a unique recipe and the ingredients and that is something you could never get on your own. It is possible to give people at every budget and experience. He is a friend of the program. I wonder, when you look across these things, how much scale is there . One of him and there are lots of great chefs, there some way you can pass a level of profits or interest in the people that per dissipating the thing . They are onceinalifetime things. Right now, you can go ballooning over Mount Everest. You and your friend will have to spend around 5 million to do it. However, if you want front row seats to a great concert, the best seats, that may be only a couple hundred dollars and we can so many of them. We get to get strictly from the artists. Get tickets directly from the articleartists. When you look at the , Technology Today is so very different. I wonder what technologically makes this a 2014 product, not a 1999 product . Our vision is actually that our technology platform, the if only platform, will connect all people of achievement, all amazing people directly to their fans and their audience. And its the platform that does that, right . There is Something Like 30 different types of transactions we facilitate. Can raffle we something. We can auction it, either live auction or sealed bid. Now or group provided and the platform is smart. To do all that and have blackout dates and all the other variables, where we can ship it or not what is it technology can he what is it that is technologically for now . Part of it is the speed at which you can build things these days. We built the entire platform from scratch ourselves. The other part is we work with celebrities and luminaries. So having things like iphone apps and whatever have allowed us to get information to them quickly so they can say, sure, ill do this, no, i wont, or i will do it if and these are the dates. And we pass this dreck we too are luminaries. Trena. Was trevor i have no idea what this is. Its nice out. It is very nice. 200,000, that is how much it costs to rent out at t park for a party. Facebook had their Holiday Party at at t park. That is where they had their employees pose with the world series trophy and the mascot lucile. They had all of these gigantic hanging baseball lights. But did they have batting practice . Thats a good thing to do. More bloomberg west in a few days. Happy holidays. Some thesigned interesting to them of business. To our viewers here in the United States and those of you joining us from around the world, welcome. Coverage of the stories making headlines today. Mia goes alld things hollywood