particularly the dow and s&p. the nasdaq, at one point down more than 1%. it is still down but only a third of 1%. we have seen a correlation between stocks and oil prices. we have the trajectory of each throughout the day today. you see them moving very closely together. as for oil, let s focus on that by itself. it is dramatic it s dramatic recovery, we got weekly inventory data from the u.s. government and it was not as poor as industry data that came out last night might have indicated. it seems as though there is relief being expressed. we are hearing from the heads of russian conglomerates exiting a meeting with other russian oil heads as well as members of opec . there is talk about coordination. something alex pointed out to me. no agreement yet but even the idea that they are talking about cutting production seems to be helping oil prices. alix: the saudi s have said they will not cut as other countries do and that other country needs to be russia. that would be a
let s start with a san francisco company that got a round of new funding which raised its valuation to $3.5 billion. not bad for a 24-year-old kid from ireland. co-founder at stripe he took a pause from harvard to concentrate on the company, an interesting bit of trivia. john s certificate leaving score, which is like the s.a.t. score was the highest in the country. i think i got that right. let s introduce him from financial times john schwartz from usa today. let s start with the leaving certificate. it s like the s.a.t.? yes. highest in ireland in all of irish history? i m not sure. if i were close, i would have checked. was it a perfect score? is that possible? yeah you can get perfect score. and did you get it? yes. that would be the highest ever. anyway it was so long ago. yes it was, what three years ago? we started stripe 4 1/2 years ago now and so you know we it was in 2009 and we ve been in the bay area since 2010. okay. so let s start
recently a who s who list of tech entrepreneurs poured their money into blue bottle, including founders of twitter and instagram. to think blue bottle s founder james freeman didn t go to business school. his talent is playing the clarinet. what are you going to do with all that money? we re going to build shops. how many shops? i don t know. we re going to build some r and d facilities and goal is to be better, not just to be bigger. all of our investors are very happy to contribute towards that goal. you ve anticipated one of my biggest questions, do you take any quality brand, i think you can only get so big before you can t get better. i think that might be true. but so the question is how big is that? you know, embedded in all of those questions is when are you going to start to suck, james. that s a much better way what are you going to start to suck, james. maybe never, i m going to try to make it never. i get asked, how are you going to maintain qual
heading to l.a. for the story making waves on the west coast. , a. starbucks a coffee house. they have sprouted out there in l.a.. we are heading out there with jon erlichman, next. a welcome back. i m emily chang. this is bloomberg west your coat this is cory johnson. the story we are talking about all day. dumpster box opening in l.a. over the weekend dumb l.a. overopening in the weekend. jon erlichman has been trying to figure out who is behind this. you are getting clues? checked the filming permits for this wastion and what came back a company called absolute productions which is tied to a couple well-known comics. tim and eric have ties to comedy central programming. a lot of people online have been buzzing about if they are ultimately behind this. we continue to make calls and sniff around. just an art installation. if they are not charging for the coffee that is not that great. people are lining up for hours and hours. new tonightre a show premiering tonight
and breaking away from aol before the tim armstrong health care baby scandal. about.me star tony conrad thinks the online identity site has a much better chance of becoming a top internet brand by standing alone away from aol and its troubles. tony s with us exclusively. plus, the bird about to go the way of the dodo after the creator of the app says he can t handle the truth. truth is, he s too successful? don t despair, fans can still get their hands on the extinct game. we ll she grow how. countdown to the closing bell starts right now. liz: good afternoon, everybody. it is the last hour of trading and stocks are trying to move higher at this hour. the nasdaq and the s&p are making it so. one of the most widely held stocks many of you may have your portfolio. the winter chill is freezing the golden arches. the world s largest burger chain joininjoined the department in y retail chains in blaming bad weather in the u.s. costing sales to drop by 3.3% at the u.s. restaurant