Cops in new york and missouri. They want cameras on cops and community engagement. The president said the riots in ferguson exposed a deeprooted frustration with local police. Prime minister Benjamin Netanyahu spoke about the Public Affairs committee in washington. He will deliver a speech to a joint session of Congress Tomorrow about the Iran Nuclear Deal and a direct challenge to president obama. What is not the purpose of that speech . My speech is not intended to show any disrespect to president obama or the esteemed office that he holds. I have Great Respect for both. Netanyahu accepted the invitation by Speaker John Boehner despite objections by the white house. Networks with 2. 7 billion dollars in cash to bolster the networking business. Hotels, universities, shopping malls and the like. A route but investors will get what he for 67 a share. The value is will get 2467 a share. A record day on wall street breaking 5000 for the First Time Since march of 2000. Chief markets correspondent scarlet fu joins us. I remember the last one. I remember the last one ending. It tell us about this one. March 2000 and the following day was the alltime high. We all know what happened after that. A precipitous drop down. The movement took place in the first hour and we revisited the level and our later. That is how it has been performing all year long. It has been outperforming the s p and the dow. Almost double the major indexes. It follows for the five year track record and the tenure track record. It is made up of more volatile tech stocks and biotech stocks, it seems to make sense. In terms of milestones, we reached 4000 the last time in november of 2013. Since then, it has been 313 trading days since we reached the next milestone. Back in 1999, it took 71 actual days, 49 trading days to get from 4000 to 5000. It has been a much longer right to get to the 5000 level this time. Companies are more mature and making profits. At last time around, it was difficult to calculate a pricetoearnings ratio. Double venture came up with numbers that show the best performers since the last time it was at 5000. Leading the way is monster beverages leading with 52,000 . Followed by greenmount with 32,000 . Green mountain with 32,000 . Gathering reporters today for the mobile World Congress event in the world of networking and mobile. It is a crucial time for the industry. It joining us is brad stone of business week. China is cutting spending on nonchinese networkers, google is facing privacy challenges new companies are taking center stage. Is there one big theme you can pick out at the conference this year . This is the first time i have been to the show. To me, its like fashion week of the mobile industry. Every company trots out the latest and greatest down the runway. For samsung, the galaxy s. Htc the one m9. If there is a theme, its for the devices to look as expensive as they have cost. They are ditching plastic and casing it in metal and gorilla glass. Actually, earlier today, i had the opportunity to interview google senior vice president. We talked about a lot of these issues. Google would operate its own Wireless Network and they called it mvno. Here is what he had to say. There have been reports in the press that google is talking to wireless carriers about a google branded network, mvno . The articles about it here is how i would describe it. The core plan for everything we do we take an ecosystem approach and work with partners. Even the con activity would have the same attributes to it. We have always tried to push the boundary of what next. We do this with nexus devices today. Its why we do nexus devices. All innovations in computing happen at the intersection of hardware and software. For you to drive innovation, you need to do both closely together. And we do it, actually, in partnership with our oem. We schoose oem to work with. People ask, are you competing with oem . Its not our intent. Compared to the rest of the industry, we feel a very small scale. But we do it [indiscernible] we do it through a nexus. I think we are at a stage where it is very important to think about hardware, software, and conductivity together. Especially when you think about form factors like unique conductivity on your watch. When you think about android auto we need conductivity for that. We need to experiment along those lines. The project we are doing, we dont intend to be a Network Operator of scale. And what we do here, we are working with carrier partners. What you will see in the coming months our goal is to drive innovation that we think the ecosystem should it route eru pt. We will do it at a small enough scale. People see what we are doing and hopefully, carrier partners who think our ideas are good wil l help. Thats what this is about. I wonder if the carrier partners like verizon or at t look at this and wonder if google, one of their big partners, is becoming in some significant way a competitor. Years of running android and how we do it, we keep getting asked these questions. We are working with some of these carrier partners to do what we are doing. They know what we are doing. In the end partners like verizon, at t, tmobile, and sprint are what powers most of the android phones. The model works extremely well for us. Is there a conviction that there needs to be more innovation and lower prices when it comes to Wireless Networks . Its a bit different. For example, thinking through areas about how wifi and cellular work together. How can you make that experience seamless . If two people are making phone calls and if you have a call drop maybe it can connect back automatically. This is what is possible and we expect carrier partners to adopt these ideas. These are some things we are trying to do. Coopetition and frenemies is cute in Silicon Valley but if you try to compete with verizon, google is taking an interesting strategy by offering their own service. Thats right. It absolutely right. It google is no stranger to that. There is a belief that the carriers, the wireless have been moving too slow. That they should be doing more. Google has the partner to par tner with those companies and make nice noises towards each other. Is your vision compatible with Mark Zuckerbergs vision . He is talking nicely about internet. Org competition, but take a listen to some of his answers. Later today, we will hear from Mark Zuckerberg and facebook and internet. Org. Bringing conductivity to parts of the world that dont have it. Do you feel like your visions are all that different . Can the can the Companies Work together . No one company can bring internet of scale to 4 billion people. We want to provide our services on internet. Org. That is exciting for me. Having said that, we are trying to make complementary but trying to do something different. We are trying to scale the backbone. Con activity connectivity and scale across the globe. At the high level, these are complementary. I am glad that Companies Like google, facebook, and carrier partners they need this to make it happen. I am glad were working on that. The fcc making an important decision about limiting the ability of carriers to decide what content consumers will get. We have google and facebook out there offering new technological ideas about how to offer the internet so that users will pick their service. Did zuck talk about that today . Zuck was asked about that and here is what he had to say about the idea of lying drones balloons, and spreading the internet to the ground. I think that is the fringe of the real work going on. 90 of people in the world already live within range of a network. Right . That is the great work the industry has already done. It is sexy to talk about satellites and all that stuff but the real work happens here. If that wasnt enough zuck for you, we have more coming up when bloomberg west continues. lets bring you up to speed with some Bloomberg Top headlines. It john kerry says new Nuclear Deals with iran exist right now. He spoke with reporters today in geneva. Right now, no deal exist. No partial deal exists. The less iran is able to make the difficult decisions unless iran is able to make a difficult decisions, there will not be a deal. Prime minister netanyahu says any deal has to be delayed. He will address a joint session of Congress Tomorrow. A democratic u. S. Senator, Barbara Mikulski says that she will not seek a sixth term. Mikulski i have fought long and hard about the next thought long and hard about the next two years. Who am i campaigning for . And i campaigning for me . Or am i campaigning for my constituents. I had to decide how i would spend my time. Fighting for my job or fighting for my job . Do i spend my time raising money . Or do i spend my time raising hell . Mikulski served a decade in the house before she was elected in 1986, the first of five senate terms. Lumbar liquidators packing on more losses after a 60 minute report that said the company was selling chinese made flooring with illegal levels of her mala hide. They formalde formaldehyde. 60 minutes used an improper test , they say. And that all of their laminate floors are safe. Turning to barcelona, Mark Zuckerberg just delivered a keynote with a ride range of topics including internet. Org and facebooks partnership with telecom operators. Someone from wired moderated th e discussion and talked about connecting the world. We want to help people connect. When we say we mean something its a little bit different from operators. We are not doing the actual digital connecting. We are trying to help people connect with other people and share the moments of their lives. When people have access to that, you can stay close to the people that you love. You have Business Tools you need to be able to communicate with customers find new customers. When people have the internet overall, you have access to Health Information to stay healthy, education information. It is incredibly important and that is why i think it is something we are all focused on. Mark, you have been to mexico, colombia, china, indonesia. What have you learned . Did i miss anywhere . I think you got almost anything. I dont travel that much. It has been an interesting year. Meeting with partners and government, whenever i go to a new place, i try to see how using the apps are impacting people. The thing that is striking to me is the link that people will go to in order to get conductivity. I went to go visit from jakarta over the weekend before i was there was this village that they called a cyber village. The citizens had all organized around lobbying their government to get conductivity connectivity. Based on the fact that they wanted to be connected. It was the primary thing that determined where they chose to live. There are stories like that everywhere you go around the world, especially in developing countries. Its really inspiring to see. And you work on this, you tell yourself these stories about it. It helps people stay connected and helps grow the economy. But going and talking to people that have fun hard to get conductivity and enabled connectivity enabled in their home, and the benefits of that you went to jakarta and went to the cyber connected village. Did that surprise you . The effort. There were specific things they needed the government to unlock to be able to make that a possibility. There are Different Things everywhere you go. In india, its interesting to see how the Prime Minister used the internet as a primary Campaign Tool to connect with people. I visited a village that just got connected and it was interesting to see how the students there were growing up with the internet and using it to learn. Basically, all of these adults that came to the Village Center where there was connectivity were asking kids how to do stuff. The kids understood how to use the internet to learn and something the older generation didnt have. Jesse from wired and facebooks Mark Zuckerberg. Bloomberg west. Be right back. s airbnb really worth 20 billion . According to people with knowledge to the matter, it gives them a billion dollar private round selling 5 of the company. It means airbnb will be worth 20 billion more than starwoods enterprise value of 16 billion. Serena, we have heard rumors. Raising 1 billion is amazing let alone 20 billion valuation. Im not surprised anymore. The very hot startups are raising money more often. And every time, doubling the evaluation. They doubled the valid look at uber. They doubled the valuation in six months. Is it just another private company like spacex or snapchat . It there and they can get it . Or is there something particular drawing money for airbnb . They are a business generating revenue. Users worldwide use their service. This is a real business. And i think here to stay. Uber had regulatory hurdles, they still have them. Its remarkable how different the two companies are culturally given that airbnb has had hurdles, but hardly any news about the company itself. I think at this point, investors are really throwing money at hot startups in the valley that show to have a real revenue model. I think its also a bit of a game. Who is playing this game . What investors are we talking about . At this point, these kind of valuations they are called preipo investors. Hedge funds, equity funds mutual funds. We dont know. We dont have the details of the identity. The valuation could get higher than 20 billion. This morning, we had on our show, a venture capitalist. They say these investors are very savvy and nothing to be afraid of. Im not sure i agree. We have heard that one before. Serena saitto we appreciate it. Bloomberg west will be right back. Hes out there. Theres a guy out there whose making a