We hear about that coming up. We begin with the markets for the selloff took a breather today and tech shares led the rebound. Im going to get to matt miller. Break it down for us. Int we had a bounce back the markets. It wasnt huge considering we lost 2000 points since the highs in may. All of that came off the board we had a 200 points there. We added almost 2 on the nasdaq. Tech stocks were the driver behind todays gains. Let me go through the individual movers. Interesting stories. Intel is coming out with a chip that should be twice as fast as the chips they have out. It will use less industry and energy. You can do as much on a laptop package. But in a tiny plug it into any monitor or screen. Interesting stuff. Apple was a big mover. The biggest point addition as far as well we saw on any index listed today. Jaffray says there is a chance apple will build a car. It may take longer than you think. Maybe 10 years from now but they will be a luxury product and an electric car, much like the tesla that we know and love and a lot of us cant afford. Im looking at tesla because we have been is that has just come news, weoking for the should be getting breaking tesla news. The model three will star in two years. Teslas making an announcement modeltter about the third. They have the roadster, the model s was the first big model. The model excommunicate cia prices. You see the model three, the more affordable model will be out in two years. They will start production on the smaller lower cost. All this coming on twitter as we speak. Emily im looking at those tweets now. Matt i want to point out a star action i got involved in, i had the privilege of playing at a best buy store. He beat me by a law. Emily i am not surprised. We will be speaking with ludacris later. Thank you for that update on tesla. I want to get back to our lead. Breaking news out of twitter. Pressure on the board mounting as the search for a permanent ceo ken 10 years. According to people familiar with the matter they are scheduled to meet tomorrow and discuss the results from the search so far. They have been under pressure to give us an update. Here is what we have learned so far. A number of people have received calls for the job. Most people believe interim Ceo Jack Dorsey is the top contender. Joining me we have sarah frier who has been pounding the pavement with me on this story. An early investor in twitter and joining us via skype , crawford del brett. What is the latest . What are we going to hear . Guest what we are here from investors as they want to hear something. If it is not a decision on the candidate they want to hear an update, that it has been narrowed down, that there is progress that can help ease their fears after a declining stock price, high level departures in the product group. Hey want to hear something whether it is going to be jack dorsey are not, he does seem to be an internal candidate despite the fact the board has they are only considering someone full time. Square,as a ceo job at which he doesnt seem to want to leave. It gets complicated. Emily square has filed for an ipo. As far as we know jack dorsey will remain the ceo of square. There are no signs that point to the contrary. What do you want to hear . Guest i want them to take their time to get a worldclass ceo in place. I dont think the stock market should force their hand. This is a worldclass company and hopefully it will get a worldclass ceo. Emily who do you think should be on the board . Guest somebody fulltime. They deserve it. Emily you dont think jack dorsey can do both. Guest i think it is hard to be ceo of one public company. Emily if he did not have square with jack be your pick . Guest i cant imagine him giving up on square. Emily we talked about the problems facing twitter, trying to turn this into a mainstream product. What are you hearing . What direction should they go . Atst i agree, when you look the progress they are going through they need to get the best candidate and need to take their time. It makes you wonder if the fact that jack dorsey is showing interest in the role, and trying to figure out his role with square and twitter, is that paralyzing the process . Does he need to bring clarity to say i am in and this is the way i would be in, which is impossible to believe based on the idea at square, or does he need to bow out . I believe that the letter is the better option for twitter and they need to focus on their next chapter. It is not a chapter with jack in charge. Said manytter has times, this is a real surge. We are looking inside and outside the company far and wide. There seems to be a disbelief that any outsiders are being considered, even though they were contacted. Guest you have this political situation. , they havet board three former ceos on it. That kind of make up leads us to an internal candidate, some of the knows the politics and the direction the company who is not going to cause more shuffling at the top. They have simple. A lot of top talent. Maybe need some stability at this point. Although they have these things to accomplish they want to bring someone in who knows the product and people, who knows how to move into a new direction with confidence. To people about before i founder has the moral authority to make the risky decisions others might not. Emily as an investor what direction would you like to see twitter take . What concerns you when it comes to the user Growth Numbers . Guest there is no doubt user growth should be better. Everyone has been public about that. The underlying asset is stable. If you look at longterm retention of users it has never been better. It is still the cultural voice of america and the world. There is no singular media outlet the way twitter is. It is worth them taking a time. It is unique property. There are so many amazing nuggets inside twitter but it is still so difficult to find them, even for me as a power user. I cant are people i know are on twitter. How do they begin to overcome these challenges . Guest they have to stop thinking about consume and create as equal entities. It needs to be more of a consumption platform. Tools to find people more easily. Ways to present data that is , relevant to you, being able to quickly see something on television integrate that, and find out the thread you are looking for to be part of that entire conversation. They are too focused on equality. It is not about quality, it is about consume. Emily thank you for your reporting. We are going to be watching for the Board Meeting tomorrow and see if there is news coming out of the. Next, will virtualreality transform your workout . What is the difference between the next big thing and a passing fad . Onily we are focusing emerging leaders in virtual and augmented reality. We turn our attention to a musicbased startup using Virtual Reality to transform traditional workouts. We really wanted to make work out more attractive. With the equipment you can train your lower back muscles, your abs, your shoulders, your balance and reflects his. Reflexes in a playful way. 2012 andd with the in we were aiming on people that are not used to going to the gym on a regular basis. We also have some kind of surrounding or you can fly around and enjoy the views. We did talk to experts and we have them in our development. We had lots of testers from pilots, doctors. We even went to the European SpaceCenter Last Week and had experts on the devise. The first version will definitely be some kind of a pro version used at gems and hotels. We are aiming at a version that you can buy for your home. This will be in a later stage. Prototypeand final will be presented in october of this year. This is only want to start selling the product. Production will start in about two months and then we will be able to deliver this year. Back with me to discuss the opportunities and challenges you see fourrket, or five companies a week. How do you decide which is going to go the distance . Early i think we were investors in oculus. I think we try and separate from the pitch the founder is making and focus on the consumer experience. Emily what will it take for Virtual Reality to go mainstream . I is cool but i dont know want to spend 10 minutes of my day going to do that. Guest it is all about content. The fact that there is a platform war between amazon and netflix and hbo is making great tv content. There is a platform war between , it ensuresacebook we are to have some amazing content. Emily how optimistic are you on the content . List of have a long experiences. I dont think it is just games. I think we will see narrative and animated content that is powerful. Costs. Lets talk were expecting it to cost over 1000. How can it go mainstream . Guest the price will obviously come down. Public. Something like 7 billion worth of plasma televisions. That was to get a tv that was a couple inches bigger and brighter. This is an immersive experience, people will pay for it. You said you think theyre going to be new disneys and pixars to be built. Guest of course. , they werepixar technology companies. I think the right content companies will be that really great mixture of a creative leader with strong technical backgrounds. Emily do you see entertainment as the primary use for virtualreality . Guest it is the first. Entertainment is the thing we want to escape into and that is what Virtual Reality is. It will have a thousand other applications. Emily what are those . Guest travel, education, communication, many things we feel we want to spend hours on a computer versus twominute on a cell phone to do. Emily will it have an iphone moment . It changed everything . 4st the iphone was at million in sales before there was content. It will take a little while. I dont think it is a 35year. I think we are 12 before it goes mainstream. Emily thank you for joining us. Tomorrow we are going to continue our focus on virtualreality. We bring you a company that changes the way you socialize. With ludacris partners roadie. , one now to our byte number that tells a whole lot. 97, the patents that magically august 20thaugust 27. He virtualreality contact lens is one of the many patents filed. Have all been excited for this. A shipping marketplace to deliver packages added a new partner today. Orist announcement chris bridges. Thank you for being here. Chris i will start with you, what has made you excited about this opportunity . I am glad you said live from atlanta georgia. This application we launched in january of this year, we are advantage of the rising tech world here in atlanta, georgia. Georgia tech is here. So many students that are just doing their thing. Ofk is doing a great job taking advantage of that. This is revolutionary because i use applications all day every day and we are taking it to another level in terms of people helping each other out. We call it fringe shipping. Ups is one of the investors. This is a faster way, more efficient way for people to get packages and employ individuals who are the ones getting the packages to the next person. It is a great way to revolutionize packages in my opinion. If you are already on the way somewhere, it is a great way to miles and miles, even hundreds of miles within the same day, even on weekends. As you can see, i can talk all day about this. Enthusiasmn feel the chris. Friendthe term shipping. Why is it more than a Career Service . Guest i may not have a job. It is really it is not just a mobile app. It is a shipping company. It is a community of people helping each other out and they happen to be taking stuff on trips that they were already taking. There is this transportation heat map of all the places we go every day. Whether you are going to work, vacation, to see your girlfriend in the mountains or a traveling sales guy. Rightmore any time than now, any of the traditional carriers. That is what we are taking advantage of. It allows you to do crazy things. We had a shop in atlanta that needed to ship to florida. 350 miles away. Picked it up, same day delivery 350 miles away. Emily why what may company like uber do this any your lunch . Guest they have their hands tied for a lot of other things. When it comes to these applications, it is about focusing on one thing at a time. When it comes to people feeling safe and feeling that they have insurance on one particular saying, in this instance it is about getting packages delivered to you, you want to know the individual bringing it is 100 doing their job and focused on bringing you the package and not other things. In my opinion it is great because i think we left out the fact that you can track your package, the same way there are people who use google maps, you can literally see who the person is. You have their drivers license information. You can look at your package on the way to you the entire time. Again, it is exciting to know that this is going to take the world by storm. Emily mark, how much does this cost . If i am driving to tahoe and i forget my skis, how much might want to shell out for this . Guest it depends on the distance and the size or drivers can make anywhere from a 200 on a gig. You could do 100 mile trip easily for 25 to 30. If you left your keys, or you needed to get the skis to the slopes, that is easier than going back to get it. There are corridors of people moving around. Think of the fall for College Students and parents consulate for getting stuff that need to get it back and fourth. You are an entrepreneur. Your interest in technology. Moree going to see you do start investing . What areas, ask him what are you excited about . Think it is only smart and strategic, and it is this is a world that we live in now, the president and 100 the future. Absolutely. I want to take advantage of this growing tech community, not only in georgia but everywhere. I use applications every day. I will be investing again. It is more about focusing energies on one thing at a time. Is sos why roadie important. People need to download the application literally right now. You will see the advantages we are talking about. Emily we need to hire you as our spokesperson for bloomberg west. I am convinced. ,hris bridges, a. K. A. Ludacris thank you for joining us. We will check out. That does it for this edition of bloomberg west. I am john heilemann. Man it or not, old our highlight reel, Carly Fiorina takes the field. President obama delays his victory lap. House has the votes it