Transcripts For BLOOMBERG Taking Stock With Pimm Fox 20140225

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debate what it means for your next viewing. and it is monday. my producers will once again try to stump me tonight with tonight's mystery guest. all that and more over the next hour. first headlines from my radio co-haas carol massar. >> 10%, 178 billion. it also offered to further increase the price if the bank agrees to terminate a separate deal to buy eddie bauer. the offer expires march 12. president obama telling governors today that a decision over whether to approve the keystone pipeline probably will be made within a couple of months. transcanada applied more than five years ago for permits to build the $5.4 billion pipeline through the united states heartland. facebook's mark zuckerburg speaking today in barcelona. he is looking three or seeking three to five phone companies as partners in an effort to connect billions of people to the internet that don't yet have access. pimm, these are your top headlines at this hour. back to you. >> to other news. , e i con post -- carl icahn what did he have to say? >> we spoke for quite some time on "street smart" at 3:00, basically the letter comes out and criticizes the board for its conflict of interest. he singles out specifically two members of the board, mark drewsson and scott cook of intuit saying they have inherent conflicts of interest. >> back up and give people the lay of the land in terms of what is going on. carl icahn has a big investment in ebay. >> over a billion dollars today. he would like to see paypal be spun off from the company. he sees as very much a separate business that is growing very well on its own and would actually be better off in it could focus entirely on what it does and so he is pushing for these. >> probably makes more money for him because the spinoff would create more value according to carl icahn. >> theoretically. there is an annual meeting coming up in april. ahead of that meeting, carl is getting out in front of this story, i should point out, pimm, it's not necessarily new. people have talked about this for some time now. 41% of ebay's overall revenue comes specifically from paypal. people say, gosh, so much of it coming from paypal which is really a different business, it could probably stand on its own. carl is involved. he is pushing to see this happen. part of that means getting the board of directors obviously to be ok with that and right now they aren't. as john donohoe told me, the c.e.o. of ebay on "street smart" just last week, they looked at this. they're not planning to do this. they think that ebay and paypal are better off together. back to what carl had to say today -- >> let's listen to -- >> let's listen to the conflict of interest that he sees for the board. >> i have been through a lot of these through the last 30, 40 years, i said in the letter, i mean it, i have never seen one as blatant as this. you know, we have seen a lot of them, but i mean it's almost, if it weren't sad, it would be funny. >> so he is saying he has seen a lot of them, he hasn't seen anything quite as bad as this. when i said he was fired up, i wasn't kidding. take a listen to what he had to say the company really said there isn't a conflict of interest when it comes to scott cook being on the board. >> he has $1 billion and he founded it. they say it's a little overlapping. we're trying to get into the processing business. they write these letters, a little bit ofover lap, [beep]. >> i guess he let that one slip. so as i said, he is worked up about it. he'll be out there campaigning trying to make some change. >> he was successful at dell, for example, right. he squeezed a little bit more money out of michael dell. >> he made a little bit more money out of that one. he did get a decent amount of buyback activity out of apple. he is really pushing to try and see paypal be spun off from ebay because he sees it as a better opportunity. >> interesting record. you have herb liver, you got to add that to his quiver. so maybe ebay is the next one. >> we shall see. it will be interesting over the next couple of months. >> i see lunch between you and carl. trish, thank you. carl icahn, that is one story being featured on buzzfeed. this is a news and entertainment website. if masters the art to get you to actually click on the videos or stories, whether you watch them or read them, that's for us to determine. some clickable headlines include the unnecessarily censored version of "finding nemo." another one, which beatle are you, and which european country do you actually belong in? any next guest's job is to find out how to make money from all of your clicks. andy is the chief of revenue officer from buzzfeed. he joins us from san francisco. oining us, johnny manziel, our enior -- onjon -- john erlichman. what is the keefe role at buzzfeed? >> i take all of this traffic and make money for the company. >> what do you use as your guide is it is it old media, new media, a mix? you have sponsored content. you got original content. tell us. >> yeah, so i have been in digital media for 15 years. it always kind of bugged me that the only way to make money is by running banner ads or preroll. we have another take. it has awesome content to share with their friends. we work with brands to create content that people like and share with their friends. so for the first time ever, brands can do word of mouth marketing at scale. >> john, is this similar to what went on, let's say, in the 1950's and 1960's with television programs that were sponsored by individual corporations and they were the ones that provided the funding for original programming? >> well, i guess you could argue that buzzfeed has taken a page out of that playbook. buzzfeed is rewriting the rules of the whole game. banner ads, we knew they never were that successful. brands want to be part of the story. it doesn't matter whether it's in the written word or in video. buzzfeed has found this way to get people curious about content, not just the fun stories that you might discover through buzzfeed, but through stuff that is actually sponsored content in which in some cases can be shared amongst people on facebook more than traditional stories. >> andy, i'm wondering if you can give us an example of sponsored content and original content from buzzfeed. >> sure. well, we work with geico which is obviously a very large advertiser. they want people, their customers, to talk about how awesome it is and how delightful it is to be a geico client. every week we publish stories about delightful things, cute animals, amazing internet names. we're creating this content so people who like geico can share it with their friends. >> what about an example of original content? >> we have a team of 150 editors. they publish 400 original stories a day. so it could be hard news. it could be news on the olympics. it could be cat and puppy names. it really doesn't matter. our goal is to create content that people not only like to read, but they feel compelled to share with their friends. >> andy, it's john. what if the platform changes a little bit. obviously everybody is talking about facebook's purchase. if people are sharing stories through what zap, mark zucker berg made it clear, there is no rush to introduce advertising given that the advertising is already in those sponsored stories that you guys have, does that create an opportunity for you? >> yeah, i think we're a little bit ahead of the curve. a couple months we saw it was blowing up. when people are on buzzfeed and see an interesting story, we make it interesting for them to share it across platforms, facebook, twitter, pinterest, if they like a story, they can share it with their friends across the social web. >> andy, isn't there a conflict of interest that you got to walk here? if you got a big advertiser or a company that has sponsored content, you're not necessarily going to write a negative story about them, or would you? >> sometimes i wish that was the case. no, just any other media company, we have a wall between church and state. we create content for brands that we think is good. on the other side of the wall, ben smith, our editor-in-chief is writing new stories and occasionally he'll write a story about a particular brand that may or may not be favorable, but just like any other media company, we have a wall between church and state. >> what do you want to do next in terms of buzzfeed's reach when it comes to original content? >> one of the things that if your viewers are on facebook, they have seen that buzzfeed has sort of graduated from lists to videos and now one of the big things is these quizzes that seem to be taking the world by storm. what city should you actually in, or what "game of thrones" character should you actually be? we want to provide this with our advertisers and create fun, interesting quizzes for our brands on buzzfeed. >> andy, it's john again. if you guys saw the change or the developments with what zap, maybe ahead of the curve, what is the next place that people are going to share this stuff, whether it's a quiz or a traditional news story? >> i think that's a really good question. i think people are getting their news from a variety of sources, whether it's their news feed or whether it's twitter or whether it's pinterest. buzzfeed is sort of agnostic as to where you get your news. we just want to make it easy for people to either start at buzzfeed and find content to share, or come to buzzfeed because they see a story in what zap or pinterest or twitter. >> thank you very much for joining us, andy is the chief revenue officer at buzzfeed and joins us from san francisco. and john, our senior west coast correspondent from los angeles. coming up, netflix makes a deal to get faster access from the cable operator comcast, but will it be good news for customers? we'll have a roundtable debate next. t's monday, the most decorated athlete in his sport. ♪ ♪ . >> let's turn to another big deal in the cable industry. sources telling bloomberg that netflix has agreed to pay comcast for more direct access to its broadband network. that means more movies streaming to you faster. also late today, at&t is said to be in talks with netflix about creating a more direct connection. the leads could lead to more reliable service for net complex customers, but could raise the question about network neutrality and costs. joining us via skype, the executive vice president of streaming media.com, from washington, d.c., the president and chief executive of the group free press and here with me in the studio, thank goodness is bloomberg's only alex sherman who has been covering this story extensively. alex, describe exactly what this is all about. netflix paying comcast for what? >> it's a complicated story. it gets really to the heart of how the internet is constructed. so hopefully we can flesh this out in this discussion here. a lot of people have thrown around the term net neutrality. that isn't quite what this is. this is a cousin to net neutrality. this is a separate outside business agreement between netflix and comcast where netflix has realized that the quality of its product has deflated a bit on comcast and it has decided, all right, for better access directly into your system, we are going to pay you money directly instead of a third party which is what netflix has been paying. therefore, that money, we don't know exactly how much that money is, but relative standards, it could be $25 million, $50 million a year, something like that. >> so netflix paying comcast for a shinier, faster, newer pipe into the house. >> this would extend to all internet service providers down the road. >> what do you think about this is this >> well, i think consumers have a lot of reasons to be concerned here. i think they're really in the dark on what the terms of this deal are. most of us who are already subscribers thought we were paying to get netflix as a good threw put, if you will. that is what we're paying our $60, $70, $80, $90 a month for. and now the lousy service we're getting is a comcast negotiating tactic. this is a reason the f.c.c. needs to be paying attention to some of these deals and providing transparencies so consumers are getting what they paid for. >> are consumers getting what they paid for and what is your take? >> it's good for the consumers. they're getting a better quality service. a lot of people are throwing around terms like speed and through put and capacity without understanding what they mean and how the internet works. i.s.p. is purposely slowing down traffic on its network, it's about net neutrality. if they have poor connections and links to the networks, it's not a net neutrality issue. it's good for the customer, they get a better quality video service at the same price they're paying today. >> alex, customers from netflix would pay more money to netflix because netflix isn't going to take this out of their pocket, or maybe they're not? >> maybe not. there is no indication that this will happen. money is shifting hands from one pocket to another pocket. comcast theoretically makes out here. so there is no real reason i can see why a consumer's bill would go up, at least in the near term because of this. you can ask -- >> craig, i was going to ask you. isn't this a case of you pay for what you eat at a restaurant. why wouldn't you be able to select your cable operator and as a result, if you want comcast to carry your netflix, netflix has to pay? >> i'm already paying comcast to carry my netflix is the thing. not only am i paying for my dinner, but now netflix is paying extra on top of that. consumers have really nowhere to turn. that's the problem. they're experiencing degraded service. their netflix isn't working. they can't do anything about it. later they hear oh, a deal has been worked out and maybe it will work out in the end. it's good for consumers, except the actual experience is that their bills go in one direction, up, up, up, and up some more. they have reasons to be worried about this deal and what is coming next. is it going to ease the way to a mega merger for comcast and time warner. how much is netflix having to pay? who gets a shot at this deal. those are questions that consumers can't get a clear picture of at this point. >> clearly the debate will continue. i want to thank craig of free press in washington, dan of streaming media.com and, of course, bloomberg's own alex sherman. coming up on "taking stock," an online exchange that treats information technology hardware, computers, printers, monitors and gives them a second life and you can buy them. we'll give you the details next. ♪ >> technology, it's obsolete by the time that you figure out how to works. my next guest is at the orefront of the supply and demand. frank believes that hardware is a commodity. he is treating it just like one, with an online exchange. welcome, frank, thanks for being here. >> the i and the t are capitalized in the information technology. tell people, how do you describe this online marketplace, what goes on behind the scenes? >> so we're really just bringing enterprise demand and supply in one central place. everything is b to b. we're thinking, as you said, i.t. hardware is a commodity. we like to say why not trade it like one. we're building effectively the new york stock exchange of the i.t. it allows a big bank or financial services or truex change, any of their data center equipment the ability of trading the physical infrastructure and connecting them with other multinational global companies that want to buy the infrastructure. we're aggregating demand and supply in one central base giving them the basis to trade on price and connecting the two. basically acting almost like a stub hub of i.t. >> today we had the news that ford is not going to be using the windows, the microsoft-based window systems for its 'nsync dashboard entertainment system, they're going with the blackberry software solution. if this was an i.t. solution, we have the windows machines, we're not using them. we're putting something new in. let's figure out what are we going to do? we are not going to throw them away or donate them. we could, that's where you woman come in, right? >> they buy them as a capital asset. >> they degree meeshate. >> down to zero as fast as humanly possible. this enterprise and ford wants to get rid of the old and go on to the new. the issue is, there is another buyer out there as a business that is using the same windows machine. we're that central clearing firm to bring buy side and sell side together. >> can you give us an idea of price so people can understand the volume and price that exist in what kind of machines? >> we're talking anything big iron, tim, anything within a data center. anything cisco, oracle, juniper, that physical structure. we have gone from $9 billion of order flow on the order $100 billion. >> do you physically have to go and visit the potential suppliers of all of this stuff, or let's get the word out online and hopefully they'll dump a lot of their stuff online? >> i'll describe sort of the process. the short answer is no. we don't take a physical position on any of it nor do we need to go into anybody's environment. everything is sitting in sort of a fixed asset schedule on a system of where all of their supply is basically housed. we'll tap into that via an a.p.i. and pull their information out and tell them in real-time what the market to market value is. at the same time we know the other multinational companies that are using that infrastructure and we're connecting them. the issue is, let's just say it's a big bank that is selling $1 billion worth of equipment a year. they're bringing in out of the exchange, we tell them what the market to market value is. at the same time we bring a big cloud provider that wants to buy the same type of equipment. >> they go to market and find out. >> exactly. >> we'll leave it there. the founder and chief executive, this is "taking stock." ♪ >> this is "taking stock." i am pimm fox. i want to go right to my radio cohost, carol massar. >> defense secretary chuck hagel outlined a five-year budget that would shrink army forces. they would be reduced by six percent to levels lower before the attacks of september 1. it outlined a retirement for older weapons and aircraft. there will be a hearing over the comcast and time warner mercurier after comcast agreed to buy time warner. that healing will be held on march 26. taco bell will take on breakfast. they will take on mcdonald's with taco waffles and egg britainos. the new breakfast menu will roll out nationwide on march 27. those are your top headlines at this hour. back to you, pimm. >> economic and political pressure in ukraine as its new interim leadership tries to create stability. they're hoping for a financial lifeline in order to avoid a bond default. russia says those with the opposition broke a peace pact. all that as ukraine's ousted president remains in hiding. i am joined by john herbst, former u.s. ambassador to the ukraine and is currently director of the center of complex operations for national strategic studies. he joins us from washington, d.c. thanks for being with us. give us an outline as you see it right now of the current situation in ukraine. >> the current situation is this -- the government of president viktor yanukovych has fallen. the is no more support for him, and not only in kiev. also in the east, his home base. the opposition party and the demonstrators are in control of the government. yanukovych is in hiding. this new government is preparing for constitutional reform. they are dealing with a budding economic crisis. >> in 2003, you became u.s. ambassador to ukraine. you witnessed the orange revolution. can you connect your time there with what is going on now? >> there are some important differences and important similarities. the similarities rest with the fact that you have a corrupt government in 2003 and 2004 and today. he orange revolution was a protest against a corrupt government which tried to steal a presidential election. the presidential election of 2004. the protests today were against increasing oppression by the yanukovych government after he walked away from a trade deal with the eu. his oppression used against the demonstrators caused the demonstrations that became larger and stronger. his use of oppression failed and he fled the capital. >> what is the relationship between ukraine and russia, viktor yanukovych and vladimir putin? >> the crisis in ukraine is verwhelming. mr. putin has very strong feelings about ukraine. he believes he should be able to dictate the type of government that rules in the capital kiev. he was a strong supporter of the yanukovych and encouraged him to use force to crack down on peaceful demonstrators. you might say that mr. putin's advice is one of the reasons hy he fell from power. the use of force ultimately failed because the police were to use all of the force at their disposal and the people resisted. >> what role does energy and military, specifically the russian naval fleet, play in the calculations of the future of ukraine? >> for the russians, their base n ukraine is very important to the naval operations and the mediterranean sea. one of the first things that yanukovych did was to extend russia's lease on that base rom 2007 until 2042. the russians very much wanted to retain that base. as for energy, ukraine has more oil and gas pipelines than any country in the world. russia's greatest source of foreign currency is the export of oil and gas to europe and most of that passes through ukraine. russia has economic leverage over ukraine, but ukraine, as the owners of these pipelines, have some economic leverage over russia. >> you mentioned a potential economic crisis in ukraine. describe that for us. >> it is very simple. ukrainian government has borrowed a great deal of money and they should be able to repay those loans. if they don't, they will have a serious default which will be an economic disaster. a major reason for this economic problem is both -- there are two reasons. one is corruption and the other is overall inefficient energy policies. ukraine is the most inefficient energy user in the world. they pay an enormous gas bill with russia. they were talking with the imf before the crisis began. reforms to lead to a loan to ukraine. yanukovych walked away from that in reaching a deal with mr. putin which led to $15 billion in russian loans. the russian deal is now on hold given the crisis in ukraine. >> what if the president called you and said, tell us what should or shouldn't the u.s. do right now? >> american policy has been pretty good. we avoid support. we have taken sanctions against the senior ukrainians responsible for violence. we have encouraged europe and the european union to act in the same way. my personal belief is that the levying of sanction by the e.u. last thursday is what led to the collapse of the government. >> what effect will this have on vladimir putin? >> if he is smart, he will do nothing and watch that is happening in ukraine. he bet on the wrong man. he bet on the man that was repressing his people. it is hard for him to understand that because he was advising him to do the same policies in ukraine that putin follows in russia. ukrainian people are not the russian people and they reacted very badly to the politics of oppression. mr. putin should understand that just as he failed 10 years ago in ukraine during the orange revolution, his policies thus far have been unsuccessful. if he is prudent, he will be cautious. we will see if he is prudent. >> the contrast between russia and ukraine. economic, cultural, linguistic - what is the most important difference? >> there are a fair number of similarities going back to language and religion. the most important difference is russia has been a great nation and an imperial state for centuries. used to ruling not just its own destiny but the destiny of other people. ukraine has been a borderlands ruled by distant powers, distant powers in moscow. n istanbul -- before that, constantinople. in poland, in austria. ukrainians have developed a political culture which is much more fluid, much less regimented than russian political culture. a political culture that it is not very favorable on oppression. a culture that is looking for the type of freedom that you see in europe. >> i want to thank you very much for joining us. john herbst, the former u.s. ambassador to ukraine and joining us from washington. now to a sad note. the actor, writer, and director harold ramis has died. you may recall that he had a starring role in the academy award-winning movie, "ghostbusters." he teamed up with bill murray and dan aykroyd. his early work and live comedy led to blockbuster movies such as "national lampoon's animal house," and "caddyshack." he died at his home near chicago surrounded by family and friends. harold ramis dead at the age of 69. ♪ >> this is "taking stock." i'm pimm fox. my next guest says he has clues for cracking the chinese business market. ryan frankel is the chief executive and cofounder of verbalizeit. a company that offers translation services in 140 languages and has a team of 18,000 professional translators worldwide. bring us up to date on your company for those who have not been following the fortunes of the company. >> we expanded from live interpretation over the phone to really helping businesses all over the world communicate with global customers. we found that live interpretation happens after the business had engaged with the customer but they needed to capture the interest first. we have been helping companies localize their website, translate their mobile applications, creative marketing collateral in a different light which is so that they could better acquire new customers and we have done that in 140 different languages. > let's take one language -- mandarin chinese. what have you been doing there? >> when you graph the rate of nternationalization in china amongst businesses trying to get chinese consumers and those traveling abroad, that rate is vastly outpacing the rate of language improvement. you see this huge gap between the two. we have been helping companies bridge that gap by translating all of their content. >> give us an example -- i want to see if there was a nonmedia example because i understand the idea of websites and people know about translating movies and things of that sort, but what about business documents and contracts? >> business documents all the time. negotiations, we have done a couple of opportunities where companies are looking to make acquisitions. supporting hotels. language barriers are pervasive. we see multiple avenues for it. >> whether it is learning the language, everybody is smiling. there has to be some missteps here. there must be miscommunication otherwise a company like yours would not exist. >> a lot of time companies will think that machine translation will get the job done. >> give us an example of one. >> companies will create an e-mail and put it through google translate and think it says one thing and it is drastically different. some quite humorous, some quite sad but it makes going to work very excited. >> 18,000 individuals that you can call on. what is the biggest demand? >> mandarin chinese and brazilian portuguese. >> is that because those are the areas that you are focused on or is there natural demand? >> down in brazil, we have the world cup -- the olympics and all the infrastructure and demand in china for mandarin. >> how does this get priced? >> per word. t ranges from nine to 14 cents per word. you are talking about having all your collateral translated for hundreds of dollars. your entire website can be available in any language you want in a matter of hours or days for pennies on the dollar. >> can it be used for the various social networks such as twitter and facebook and all the ways in which people share information? >> exactly. you don't have to submit a 500 page document to work with us. you can submit your facebook advertisement, submit your tweets for translation. there is no minimum requirement so you can translate all your social media as well. >> what about partners? have you come up with some corporate partners to make it easier to gain new customers? >> we are partners with rosetta stone, american airlines, skype. it has enabled us to improve -- broaden our own reach. >> how do you find out what is the best project to take on inside the company? >> it is primary demand driven. we have a lot of interests from companies of all shapes and sizes. we try to support a pretty broad range of needs. >> thank you for bringing us up to date on your company. ryan, the chief executive and the co-founder. coming up, we have our mystery guest. i will give you clue number two. my mystery guest has caught plenty of air. more next ♪ >> it is mystery guest monday. i have no idea who the guest is but we do have some clues. my mystery guest is the most decorated athlete in his or her sport. they have caught plenty of air and they know the tricks of their trade. let us bring out our mystery guest. thank you for being here. nice to see you. i noticed that you are wearing a shirt that has a nike logo on it. are you sponsored by them? >> no. >> are you involved in winter sports? >> yes. >> were you in the sochi winter games? >> yes. >> did you win any medals? >> yes. >> are you in the world of skiing? >> no. >> are you in the world of ice skating? >> no. >> anything to do with your legs? >> yes. >> not ice-skating, figure skating, not speed skating, anything to do with curling, for example? >> no. >> no skiing. how about snowboarding? >> yes. >> are you a champion snowboarder? >> yes, at one point. >> are you no longer a champion snowboarder? are you a freestyle skier? >> i am a snowboarder. >> you went as a representative of snowboarding? >> yes. >> are you from colorado or utah? >> no. >> have you been in the x games? >> yes. >> are you -- >> 15 times. >> you are -- you are not hannah? >> right first name for one of my friends. >> she is a go gull skier. hannah teter is a snowboarder. >> i don't know. who are you? >> kelly clark. >> thank you so much for being here. >> you got a bronze medal. let's see it. that is great. >> they don't mess around. >> you got this for the ladies half pipe? >> yes. >> what is it like to train to do this? you must have a lot of strength. >> it takes a long time to get ready for but it is worth it, especially when you walk away with one of these. >> what is the feeling when they put that around your neck? >> it is pretty overwhelming. our event is at night, the night before. we got our medals the following evening. you talk about it all day. they put it around my neck and i burst out into tears because i get to keep it. >> it is yours forever. is this the most exciting event for you in your career or are there others? >> this is my fourth olympic games. i have three medals. i have a gold from salt lake, bronze from vancouver, bronze from sochi. more so than the color of the medals, it's what they represent that creates value. i know how hard i had to work for this one in the later years of my career so i value this one the most. >> give people an idea of a day in your life for kelly clark to prepare for something like this because we only see the end result. >> there was a summer when my weeks were mounting up to 25 hours in the gym every week. that is off snow training, not to mention when i get on snow. my typical day in the winter -- i get up and on the hill for about three hours. i have two hours at the gym. video review. p.t., eat, sleep, that's pretty much it. >> how about injuries? >> i haven't had really too many injuries. >> i was looking at various people that were in the olympics, they have to deal with things like that on a regular basis. how do you guard against it? >> i work really hard in the off-season. i try to get as physically fit as i possibly can. if i do take the spills, i can get back up. that happened to me. i took a pretty bad fall first round. i was able to bounce back up. >> did that come out underneath you? >> i bounced off the top of the half pipe near the bottom, that was me. >> what is going through your head when that happens? >> it is better when you see it. i was bracing for impact because i saw it coming. i knew exactly what was going to happen. >> getting up in the air like that -- do you recall when you were able to do these magical tricks? >> i remember learning my first 180. that's a big step as a snow blooder. it's the first rotation. now i do 1080's. that's a little bit different. that first 180 was a big deal for me. i was 10 years old. >> did you always know you were going to do snowboarding? >> i started snowboarding before it was cool. there was no olympics, x games. for me, i had a moment when i was 14 years old and i recorded the 1998 olympics for snowboarding was first allowed at the winter olympic games. i watched it on a vhs tape after school and i had one of those moments where i said to myself, this is what i want to do with my life. from that point, i have been chasing down the dream. >> it is fabulous with a bronze medal and everything. what do you want to do next? you want to just savor this? >> i love it more now than i ever have. i didn't expect to be at the height of my career at 30 years old. they tell me i am old for my sport. >> you proved them wrong. >> i am the only one that has been to four olympics for the u.s. for half pipe. if i'm in the realm of outside the box, i don't see what would be difficult in continuing on. >> being in sochi, can you give us a hint of what it was like to be in this place because we talked a lot about it. >> there was a lot of hype. i have three other olympic games to compare it to and this one was well run. i felt safe. the food was good. the accommodations were nice. it was everything that you did not hear about. it was warm -- that was the only thing that was reported that was pretty accurate. >> you got a tan. >> it's difficult for winter sports to have warm snow but that is part of it. you got to rise to the occasion. >> i heard that the terminology that is used by snowboarders is now joining the overall general lexicon. they didn't have terms for any of these moves, right? do you have a favorite move that you like to do in the air? >> one of my favorite moves is the method. it's a trick that we do. it is a simple grab. you usually learn that before you learn the 180. >> congratulations, kelly clark. bronze medalist, really women's half pipe at sochi, thank you very much. it is 56 minutes past the hour and that means it is time for on the markets. the dow jones adds 103 points. s&p 500 closes at 1847 up more than 11. this is "taking stock." ♪

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