Markets in mixed territory with the dow jones eking out a little bit of a gain. We come back a little bit. Big surprise, actually. Its like letting go. Letting go the weather dont matter anyhow this was a big jobs report that surprised everyone. It surprised me for sure. Julie hyman keeping an eye on the big three. Im surprised. Its about tom singing onset. Alpha natural resources, the coal producer down the most in the s p 500 today. Goldman sachs downgrading it to sell and cutting forecast for coal. Not bullish for coal, particularly metallurgical coal. That is one of the things that Alpha Resources make. There was a bright spot in retail last quarter and it had to do with footwear, specifically nike. Some analysts pointing out that foot locker heavily dependent on nike. And locker profit was up comparable sales up five percent. On. Com having its debut today and shares doubling on their first day of trading. The Company Raised 168 million. There is demand that is sending the shares much higher today. Lets move onto to our big story, bitcoin founder unmasked. A japaneseidentified physicist living in Southern California as the creator of bitcoin. In the article, the face of quote, inakamato says, am no longer involved in that. It has been turned over to other people. Now we are hearing a different denying hisoto involvement in the virtual currency. I am here to clear my name that i have nothing to do with it going bitcoin. I was just an engineer doing something else. Nakamoto told the Associated Press he was understood misunderstood in the first time he heard of bitcoin was last month. We are joined by the author of the newsweek piece. Great to have you here. Lots of controversy over this. He basically now denying it. Do you stand by your story . Absolutely. I looked at all the Different Things he said in response to the query about what he thought we were talking about. Reporter we were talking about a company he is to work for. I was after he had read the story. Then i heard today it was something about another reporter had said he thought we were talking about a confidentiality agreement. The lead up to our discussion with each other had multiple times of me reaching out to him by email. I called them, i reached out to his son. Both times bitcoin was made clear. When i came to his home, i arrived and when he was not going to come to his door, we you were there with Police Officers . I initially just knocked when he was there but he did not answer his door. I left a note and a bit card and my business card. He kept all that. I left for two hours and returned. There was plenty of time to digest what i left and reach out. To now say that that was not clear, hard for me to believe. Over at Business Insider he says, baloney. Newsweek is off the mark. What do your critics get wrong . Some of these criticism and skepticism is ok. A lot of this is undocumented . A lot of it was documented. I dont care if it is a Forensic Research product. You have a lot of critics right now. This is your moment to say to them, you are all hot air. Why are they all hot air . I dont come off like that with everyone. I am saying that the details reported was 100 correct. All the research was true and all the backup research. Journalall street cannot confirm what newsweek said. Said toparently had you, i am no longer involved in that, referring to bitcoin. And i cannot discuss it. It has been turned over to other people and they are in charge of it now. Detailed to you what his original connection to bitcoin was . Absolutely not. He did not want to talk about bitcoin. He acknowledged the question. He understood we were talking about bitcoin. If he saying, im no longer involved in that no longer involved in that. Saying no longer involved to me does not say i am not involved in that. The last thing we said to each other was, i can knowledge to what he said and i said if you have no connection with bitcoin, you need to tell me now. Said, i cannot do that. That is setting up guilty until proved innocent. What is the direct evidence you have, whether he has verified it or not, that this gentleman change the Technology World with this currency . Dotsconnected all of these through Forensic Research. It is not about supporting what you think is true. Its about illuminating what you think a candidate may or may not represent. Candidates. Inating we cannot illuminate this man at all and in my confrontation with him, he confirms his involvement. Is that journalism that youre working on a construct where you are pulling away to we have eliminated these other people. There could be other people out there you could do the same action with. You can say, lets find reasons to support a person. The best way to do Forensic Research is to eliminate people, not the other way around. You dont say, i have a conjecture. Let me find every way to support it. I feel like it is sherlock holmes. In the Bitcoin Community are upset by this and it is created a lot of waves. Thest got an email from ceo of bit instant. For facing criminal charges money laundering. Charlie did reach out to me moments ago and he said, quote, this satoshi thing is a joke and the newsweek reporter has no evidence. It is what we have heard from people in the Bitcoin Community. Why would they want to be coming out against your story . The community has been clear that there reading into the idea of him being anonymous. Saying as stop reporters, its no big deal who did this. Being skeptical of certain details, kicking the tires more. I really do think there is more to that and im really happy asthis is not about bitcoin much as it is about pointer or any other Journalism Institute in that your wonderful story which created a huge splash is based on Forensic Research which is not evidence or first order condition that soandso did whatever they did. I dont consider it a lack of evidence at all. What is your evidence . Dont you answer the question for the world that is riveted by your important story . What is your evidence this guy is who he is . Youre saying there is no evidence . Im asking you what the evidence is. I stand by every word. If people want to say they dont feel it is compelling, thats fine. We would not be sitting here if people did not find it compelling. Lets be honest. Me, thats notto evidence and there is no evidence is not good enough. I would like to know how thats not good enough. Define Forensic Research again. I was talking about the process. You dont say, this guy could be it. This guy should be it and i were going to do reverse textual analysis. This is the first time i have had bayesian theory on text. We are arguing about what is evidence. Did he actually say to you, i created bitcoin . No. We would have quoted him. He said he was no longer involved in this. He was quite clear and it was clear it was bitcoin we are talking about. He had turned it over to others. Did he tell you that he invented this process . I could not continue the conversation at that point. The police indicated we could not talk anymore. They said he does not want to talk about it. He said he could not talk about it anymore and that was it. As a journalist what are you going to do . Fight with the police . Did not go anywhere. We will have more with you. Leah is trying to track down the real nakomoto. We will be right back with leah. We are joined again by the author of the newsweek hes, the face of bitcoin. A lot of controversy surrounding this piece. Nakomoto is, dorian denying that he actually is the founder and creator of bitcoin. Your piece says he is. Went into the reporting here. How long did you spend on this, how much time did it take you to try to track down this man . Ofit was two months excessively going through all kinds of information and mainly starting with all the candidates. Taking into account there could be a cipher. They could be a pseudonym. I did not think it could be someone named satoshi nakomoto. I saw a lot of people who said, what if it is. That was not my first feeling on it. It was only after going through all the satoshi nakomotos it lead you to someone on the west coast. Yes. At first i do not look at him as a good candidate. There was very Little Information on him and it was only as other things came up like the call from the brother talking about that he was involved in coding and programming what did he do to quote un quote create bitcoin . Write code . His whole background according to those closest to him was that which would inform the sort of coding that would be required for bitcoin. There are 10,000 people that are described by what you said. What are the attributes he displayed that lead you to connect the dots that he invented bitcoin . His career history. If 10,000 people fit all the attributes we looked at, i like to talk to those people because i did not find there were 10,000 people. You dothinking that if this, there have to be a group of people around him that where aware he was doing it at the time, right . Apparently not. Researchassed all this , your evidence. Did you present it to him . Did he have a chance to deny or confirm it . I spoke with him when i saw him and i reached out to him several times by email and by phone. Unfortunately he fell silent when i broached the topic. How did you reach him via email . Was it the one that is publicly available on bitcoin . No. I did reach out. Ofwith the identification gos guy the upper as we throughout the weekend, where would you like this debate to be monday morning . I love the phrase, a white bronco moment. It was a frenzy that this led to. Where will we be monday morning . I hope im not getting beaten to death. Where do you want the story to be monday . I would like everyone to continue looking at all of this and i would like to forensic was publiclyhich available im happy for people to continue to look at it, comment on it. Im hoping for more. This is very important. Show thissic research gentleman was a party to early bitcoin or quote unquote invented bitcoin . Yes. Does Forensic Research point to that . You cannot change your question halfway. I would like this debate to continue. Its really important we continue to talk about what these details are. Our Forensic Research led to him. We cannot find any reason to not continue asking this man if he is the man. If we can say hes not theres a lot of dispute in the community. Theres also a lot of questions in the journalism community. Today bloomberg tv sat down with tina brown, the former editor of newsweek. We asked her what happened, if they had gotten the identity of mr. Nakomoto wrong. Heres what she had to say. That would be rough. Im so glad im not the editor. [laughter] shes glad shes not the editor right now. Will this help or hurt your career . Not to beher comments very friendly to newsweek. I have a problem with the way she spoke about it. Theres a back story to that and she knows there is one. Brown was briefed on the story before it was released to the public . Of course not. As a back story to the relationship with tina brown and newsweek. Shes not an objective story. I dont think it was a source issue. I shake the commented on the story think she commented on the story. You can see it that way. Goodman, author of the face of bitcoin. Later on we will be joined by talk about this as well. We will speak with a former champion and human rights activist who says the u. S. Should be targeting russias oligarchs with sanctions, not the entire country. Time for todays global outlook. Putins grip remains firm in ukraine and there is concerns the crimea will be separated from the rest of the country. The u. S. Is bolstering defenses in the baltics, sending six warplanes yesterday and another dozen on the way. We are joined by the former adviser to the u. K. Ministry of defense. Michael is also a Fighter Pilot in the British Special forces. Is itind of message sending when we send 18 warplanes into the baltics . Will putin respond to this in any way . Ini dont think 18 warplanes the grand scheme of things is really going to bother putin too much. These are micro events that are effort toto make an seem to be doing something. Youbottom line is that if take a micro perspective on this, whichever way putin goes at the moment its the wrong way. Personally, putin has some significant undesired consequences with his actions in crimea at the moment that west should be seeking to exploit. A realcally, this is opportunity for america to get involved with the supply of gas to those countries within europe the really needed. Talking inssinger the last two days a lot. Henry kissinger really going away from the dialogue in washington. We have a vote happening march 16. That vote got moved up. The thought being that you might see crimea separated from the rest of ukraine. What does that mean to the stability of the region . If i was putin, a referendum with a potential outcome of crimea being annexed from ukraine is a nightmare. Comes about through the people of crimea, the local political movements. It is negotiated within a sovereign territory of the country is looking to be annexed from, so kiev. Does not have a political structure that has credibility. Russia, crimea and ukraine and couldest of the world ability that russia, crimea and ukraine and the rest of the world can be happy with. Who are they going to vote for . Are they going to vote for crime you going to russia, ukraine . Will they have the opportunity to vote for independence . A vote is not a test 50 of the result a vote that does not result,o 50 of the instability results. Michael k, thank you very much. Coming up, back to this bitcoin story with charlie shrem. We have been talking about that newsweek story that revealed the identity of the founder of bitcoin. That story has come under fire with a lot of people in the bitcoin and journalism communitys questioning whether the reporter did find satoshi nakomoto, the founder of bitcoin. Joining us on the phone is the ceo of bit instant, charlie shrem. Charlie has been through his share of experiences with bitcoin. Onnow you have been arrested connections with money laundering. You have denied those charges. Lets get to that in a moment. I would like to ask you about leahs story and your thoughts on whether or not she in fact found the real creator of bitcoin. Did she . I dont think so. Most people highly doubt it. Unfortunately, the satoshi na komoto institute as well as many bitcoiners such as myself could have given leah a lot of information and evidence to help with her investigation. The researchers she has and the researchers we have wouldve loved to Work Together with her on this. The articleso honoring his of mind rather than approaching the story with tact or respect, it has a shaming field. Instead of revealing identity of one of the most important technical thinkers since tesla or edison. This is what she wrote in her article. Ever sells his fortune, he would likely have to do so at a legitimate bitcoin bank or exchange, which would not only give away his identity but alert everyone from the irs its hisi of whereabouts. Bitcoin is not anonymous. Thats a lie. Revealnsactions transparency online. Newsweek do a profile on Mark Zuckerberg the same way . Than 28orth more billion and if he were to sell more of his facebook shares of course not. Creating innovation is not a crime. I shared with her your thoughts because you and i had corresponded via email. Heres her reaction. Id like you to hear it. They are very wedded to the idea of him being anonymous. Arge that weso l have to stop as reporters saying, its no big deal who did this. We need to ask these questions. Im ok with being skeptical of certain details, with kicking the tires more. I think theres more to this and im really happy i agree she is saying you and others in the Bitcoin Community want this creator to stay anonymous and that is why you would be so critical of her story. That is not true. We have put so many resources to try to help find or whoever wants to be involved in bitcoin. Over 75 of satoshis original code is not being used today. I put a link to my facebook saying, i found the real satoshi. Its the contributors who wrote the bitcoin code after satoshi left. Hes an amazing thinker of our time. Its a phrase she continues connect theh is dots. It is a deductive theory versus inductive. Brooklyn college for economics. You know the logic theory behind this. If you were searching for the founder of bitcoin, what process would you use to identify them instead of connecting the dots . First of all, i would analyze the information we have already. We have a ip analysis. We have a lot of different to finde can use satoshi. She brought a lot of new information any of that that you described in the newsweek article . Parte ignores an important usesays that satoshi double spaces after his period instead of one space. She gives examples of writing. Nakomoto barely speaks english. His writings that amazon reviews the guy can barely write. Well, he wanted to speak to a reporter. You have to read the white paper. Write as well as satoshi did on the white paper. You have been going through your own personal stress. You have been arrested in connection with bitcoin. You are denying the charges. What is it the feds do not understand what it is about what you are doing . I cannot really comment on my case at the moment. Its very new and everything. Im really looking forward to the dialogue with the other side , and hopefully educating them on bitcoin. There are a lot of real criminals out there and i have helped bring a lot of them to justice. I have been [inaudible] of the prosecutors who took me down for over a year, giving them voluntary information. Helping develop regulations around bitcoin companies. There are good regulators. Job by doing great a reddit and setting up the bitcoin hearing. Bitcoin is an unbelievable innovation and there are tons of bad actors out there. Arresting a guy who has been on the forefront since 20, helping ,hem bring down those bad guys they just put bitcoin underground. What will the future of bitcoin the . Be . Is it going to threaten the currency . Currency, anda what makes a currency have value is this payment system, the ability to email, send someone money or value or even assets. New projects are coming out where you can send assets. The ability to send value over the internet, where you dont have one centralized what of control point of control. About worldng changing as when the Printing Press came out as opposed to the Church Giving everyone all knowledge and culture. Now you have this ability instead of all transactions going through central points of control, you have the ability of persontoperson sending value from each other. Forget the ability to be able to open up trade. This is more being able to open up trade between african countries. African countries have to rely on large payment infrastructure that is based in europe and america to move their money. Its a fascinating story. Thank you for joining us and for offering your commentary on the newsweek piece. Charlie shrem. I am the worst chessplayer known to mankind. Really . My children beat me in 10 moves. My kind of partner. Coming up, thanks but no thanks. Thanks, not tanks. Is the message from the russian prodemocracy leader. That is what he wants to say to the Global Community when it comes to dealing with vladimir putin. He writes, if the west punishes russia with sanctions and a trade war that might be effective eventually but it would be cruel to the 140 million russians who live under mr. Putins rule. Garry kasparov joins me now. Pretty powerful words. Thethink if you go after folks with money in russia you will be able to effect change . Its the best chance. We have to look for the best available option. We have to agree that pretending and crimea is a small issue irrelevant and we can ignore it, same way as chechen slovakia ignored chechen slovakia zechoslovakia ignored [inaudible] would be a mistake. Venezuela, butot in europe and the u. S. , go after them. There is a very good chance that mr. Putin will see a powerful message, not from washington or brussels but from his own kind. He respects to them, he listens them respects them, listens to them. The message could be very loud. It could be very loud for mr. Putin. To sit quietlyng as their fortunes were talking billionaires, enormous amounts of money. If this money is in danger, let them try to save this money. The reason they are always behind putin and he looks invincible in russia because he always won. We talked about poker. Putin had a pair of 10 and almost bluffed. He has lucky stars, like adolf hitler, many people believe. He looks invincible but he is not. How would you grade the u. S. s response to what is going on . So far maybe b. Not enough. Obama already blinked on the red line in syria. , he ruined the credibility of the office of the u. S. President. Its not enough to pose a credible threat, to say im signing an executive order for sanctions. He must act. We have to see as soon as possible the least of these names and the big names. Are we threatening to putin . Weak . Dictators books and vision are different from ours. Instincts of survival and he can anticipate his moves based on potential threats. Dictatorship the is pushing him towards major foreignpolicy actions, in this case annexation of crimea. He needs to demonstrate to his subjects, the people of russia that he is in the office not just for his own good but for the good of the country. The economy is sluggish. It is going down. This is a building up, the return of russian greatness. Absolutely. That is his purpose for staying in power for the rest of his life. Would he stop that crimea . At crimea . No. If you want to keep people under this drug you have to increase the dose. He goes to eastern ukraine. [indiscernible] russia does not recognize the legitimate government of ukraine or ukrainian borders. He can stop. Re he will have no choice but to throw more and more propaganda and some sort of foreign post crowd. S into the russian demonstrate his invincibility and power. Garry kasparov, always a pleasure to talk to you. Thank you. Coming up next, u. S. Employers add more workers than forecasted in february but our next guest has the true data point on why things are actually Getting Better in this economy. Good afternoon, everybody. Jobs stay today. Let it go. It was frozen. It was the weather. It wasnt. It was way better than good. And then the gloom. 175,000 plus a good revision taking up to 200,000. A glimmer, the effort towards wage growth. It has been since forever. Wage growth . Jobs . Alexander with us. How big a deal if it to see a glimmer . It is a big deal. Of the weather, looking under the permafrost, the fundamentals of the economy still look good. Todays report showed that uptake in average Hourly Earnings up four percent in february. That is great news and we need more of that. We saw bill dudley get out in front of this. A fed beginning to change. How much did they change . I will tell you where they have been transitioning to. That is looking more at measures of inflation like wage growth rather than Unemployment Rate to tell them if the labor market is tight. If the labor market is not tight you do not see it pick up in wages. Yet the Unemployment Rate went up. Is, we were looking at do expect another year of job gains under arm belt. A tighter labor market with strong wage growth. That is where we get a consumer that participates more broadly. To have been encouraging to you to see that wage growth. That is something we have not seen enough of and for this economy to really start to heal, people need to be going back to work and they need to be earning more money. Ellen, do not go anywhere. Coming up next, the top 10 stocks that you need to know. Its time for your top 10. Number ten, safeway. The Grocery Store operator agreed to be acquired by albertsons for about 9 billion. And there was krogers lead as the nations top supermarket company. Up eightfoot locker percent after reporting fourthquarter earnings and analysts topped estimates. Doubledigit, 16 . Sales up 5. 3 during the quarter. Are you sure all you had was a nap, tom keene . [laughter] eight, the Pharmaceutical Company following the most in the s p 500 today now down more than five percent. Effectsnitive adverse for lowering ldl cholesterol. Developing,y are the fda said may have risky side effects. That is why the stocks are falling today. Seven, jpmorgan up slightly on a fourth day of gains. Extending to a fiveyear high. Peabody energy and freeport moran. Eron mike seaworld down five percent after the california assemblyman richard blum announced he will introduce legislation designed to save whale captivity. Seaworld operates theme parks in california and its a significant portion of its revenue in that state. This will be a problem, if they dont have the orc as orkas anymore. There are other animals they have that perform. All of this goes back to that documentary made the alleged there was abuse of the animals. They were not in frozen, right . You only know about things that are in frozen. I have seen it 24 times. And you dont have small children. Too much information . I never know with tom. Four, the Semiconductor Company plunging 24 after gaining an eightyear high yesterday. To apple represented more than 10 of its annual revenue. Shares of the retailer surging the most in six years, now up 22 after posting fourthquarter profit that beat analystss to mets. The company explored a sale three years ago scaledback sales three years ago. Two, credential financials up two percent. One of the biggest gains in the s p 500. Bank of america raised its rating on the Financial Services provider to buy. Up, number one, nike. Ander texas a m quarterback Heisman Trophy winner has signed a marketing contract with nike. Espn said the nike beat out under armour and new balance. Manziel projected to be one of the top picks in a nfl draft in may. Of 27 points on the and were coming off of what has been a terrific week. In any game today, even if it is a gain of less than a point, it has been a record close for the s p 500. Julie, what you looking for . I will look for any development in ukraine over the weekend. You always have to set out suss out reality and perception in the market. People are blaming the situation. If people really believe that that will cause effects on the economy agree, but i think there is the idea of the equity market and what they think from this job report. I would dovetail on the job for report with carl aiken. Cahn. Rl i can i the snow will melt at some point. Copper is down a whopping 8 . Who died . Did someone die today . All right, it is time for the roundup. Alex is here. Juliett 12. She is taking it off. An interesting development. Class a bond king is getting a bad reputation. It is the reason why he abruptly left them go. Pimco. He said that he was tired of cleaning up bill grosss stu ff. Elerianeported that had written the article himself. When writers ask for evidence, he accused writers reuters of being on his side. He has u2 wrapped around his finger. Wrapped around his finger. Deny that helly had made these statements. They are a little disturbing. Who is right . Worlds the head of the Largest Bond Fund acting a little out there, or you have reuters not doing their job. Everyone knows that i am close with these guys. I am not going to have an opinion on this, but i will say that it was a two paragraph article. And then there was a paragraph of people saying, no, no, no. I do not know which way to go. Story, itarlier essentially comes down to heat that she said he said she said. Apparently the reuters journalists are going after bill gross. It sounded like bill gross. Yearsbased corrupt. We can analyze it, but any manager. I sat with him in the basement of the waldorf astoria 10 years ago. He was going through so much the same stock was under performance that he is going through now. 80 billion from. 80 billion was lost. Is that a lot of money . That is a lot of money. Bill gross has been eccentric for a while. Nobody cares when you are on top of the world. It would not be making the headlines it is making if they were not suffering those issues. Billionaire shaun parker is stepping down from his venturer Venture Capital fund. Role. L have no he will not give up a seat on the board of spotify and other companies. Where does this leave him . What if he known for right now . He has a few start up see is involved in. With a groupd video chat. No one has heard of it. Will call. No one has heard of that. It is a mobile calling company. His wedding though, we can all talk about that. And he got an 80 million townhouse in new york city. 89 r townhouse in your city. Ofthe wedding was billions dollars. That is what he is known for. Napster, facebook, what is next . That is the question. He still have a lot of money. A judge with the Transportation Safety board fine. Rns a drone operator the faa said that they have no authority over small unmanned aircraft. Trying has been unsuccessfully to restrict them. A drone will come out of a skyscraper this weekend for trish regan with any will go to bergdorf and fly something that. Are you kidding me . Class we will have drones flying around new york city . They plan to integrate drones into the u. S. Guys in the next few years skies in the next few years. Innovation technology is moving faster than regulation. Air b b. You cannot tax it is a hotel. You cannot regulate it. You cannot have all of these drones flying around. Granted if the faa is not going to do it, who will . What are the rules going to be . Flyingo not meet drones around skyscrapers. Who has not seen a cap driver copy to someone in new york city . Up into them. Bump into them. I was at kitty hawk with the right brothers. I did not think that far ahead. Hasid you know that the nsa a secret advice column . Anntly unofficial official who inserted the agency had a dear abby for spies. It is accessible only to those with the proper security clearance. They were part of the documents leaked by edward snowden. You can write to her in any range of topics. Way employee claimed that they were spying on other place. As i love that story. How do they come up with the name zelda . Or were they playing nintendo . Russia. In he will be doing an appearance at sxsw. It will be via videoconference. There. Hould go you and i will do that. It is this weekend . Thats right. Speaking of not so technology, president obama still uses a black very. The ceo black very bla ckberry. The ceo discuss this. Ss i have briefed the way i have briefed the white house from an i. T. Perspective. We have spoken to them. They were nice enough to share some of their thoughts with me. What are they interested in . I probably should not say. That would make national news. They gave me some thoughts of what they like and what they do not like. I think it all to heart. A good decision not to tell john what the white house wants. The last time we saw a blackberry in public. Trish and i had them. I actually lost mine. It is somewhere in my house. I have not used it. I have completely moved on. You will not replace your blackberry . You not use a blackberry . I do instagram. I am totally have. Hip. I think you can instagram on your blackberry. I just did trish regan and Gary Kasparov on instagram. Juliett alex, thank you so much. Coming up everyone, tomorrow is International Womens day. Have we really come that far . We will talk about that. We are talking about problems after the break. Stop saying bossy. Sheryl sandberg and condoleezza mission tol on a strike that word from the common vernacular. As denver told parade magazine, women represent only five percent of fortune 500 ceos. The number has been stagnant for a decade. Tomorrow is International Womens day. What is your take on this . Tom keene has two daughters, right . Thats right, its a rumor. Society toed as a change the way we are bringing up girls so that they are more represented in the workforce . Terms like bossy for example. That term. It is surely meant that you are exhibiting the behavior of a boss, fine. But it carries a negative connotation. I agree with sandberg. That is something we should move away from. You have to start very early. Sheryl sandberg brings up an important point. 5 of ceos are women. You look at be when a Graduation Rates from colleges today. So many women are graduating. Why are we not seeing more of them represented in upper management . It is a long slog upward. We did not start moving into ceo ranks until long after our male counterparts. It takes time. An Initiative Like those at Morgan Stanley how. Help. In importantomen roles. Who wasey oconnor named to the head of management overseeing 16,000 financial advisors. This came up in a good conversation. I do not want to over weekend. This isree that part of generational. There are visible middleman insurers. 5 jobs. Sudden, that i hope so. It is disturbing that so many andn move up the ranks somehow disappear. Maybe they make lifestyle choices that you not keep them on the same track. That is a good point. Do women leave the labor force to have children and families . This goes back to something we havent Morgan Stanley. It is a return to work program to encourage women to come back to the labor force. It is a professional internship to get the area back on a resume. Are you part of this project . Are you still working 90 hours a week . I have been asking vincent reinhart, our chief economist. Working of women are long weeks. They slog it out and eventually get ahead. Some women are making choices where they do not want to do that. A companys willingness to say, ok, maybe you will take a couple years to scale at when you have kids, that may be the key to having that diverse work or. Let me make this point as well. Men have increasingly been making that decision. It is not necessary to spend 90 hours in the office. They are making more choices as well to focus on the family. We had Becky Stevenson on bloomberg television. Economist an acclaimed economist was here. I see more balance in the professional economics. More than i thought it youre my world. Years of my world. Know how many future ceos are in the pipeline today. You could see the search later on as those women mature in their careers. We do not know. There are more than was a decade ago. They do very much. Thank you for being with us today. Coming up, colorado has some medical marijuana problems. The producers may be able to predict the future. We are back with street smart after this. [crash] that is a new ad campaign started by the department of transportation in colorado to keep pot smokers off the road. That is one issue they are facing after legalizing medical marijuana. The drug policy director. I was just out in denver. I just got back. I have to say, this is funny. I walked into my hotel room and i thought it was nonsmoking, but it smelled very much like someone had been smoking some pot in there. I said, downstairs and isnt this a nonsmoking room . They offered to move me, but i was tired. The state has an issues they have to deal with. Not as hotel rooms. Driving under the influence. The bottom line is that theyre that there are going to be issues of implementation. What we have now is so much better than failed prohibition. There are major areas where we will benefit. They largely have to do the rest arrests. Police can go after various crimes instead of putting nonviolent marijuana offenders in jail. And they are using the resources from tax revenues towards education and public policy. The governor has just outlined a plan on what to do with 180 million in revenue. Ive heard that argument for 40 years. There will be regulatory issues that need to be worked on. There are changes that need to be figured out. I do not think you can judge a system within the first two months. That is fair. This was a few years ago. You have some beer, and this is in boulder. I have to admit, i saw some real damage. How do we take benefits, which you just stated, and avoid the damage that some of us have observed over the years. In terms of Public Health, it is easier to approach the harms of marijuana from a Public Health perspective when it is not illegal. It is easier to treat it within the Health System when you do not have jail time. But what about a difference between Something Like marijuana and heroin . No one is arguing that it is innocuous, but no one is ever died of a marijuana overdose. It is similar to tobacco and alcohol. Marijuana is generally accepted. Trish, you have been front and center on this for years. What did you observe on your colorado trip . When did you see that was different from the last time you were there . It is increasingly accepted. You go down the avenue in town and basically theres shot after shot after shot. Shop. P after shop after there are a lot of dispensaries. People who live in the community how many states will have this in five years . It is hard to predict. There are discussions of measures in california and alaska. Will probably be more on the west coast. There will be a few months of novelty. The governor is dedicating almost half of that towards prevention programs. Think you so much. How about from russia with love . Good morning everyone. We are looking at russia. Crimea, ukraine, russia. We are joined right now by our guest. What is the dumbest thing to do right now when investing in russia after mark that is for the investor to decide. You could look at the whole thing is bad. This could be a major opportunity in russia. You have volume, influence, performance. It is all over the place. If you take Something Like the market that theres vectors, therket average price to earnings is about 5. Wow. You are talking about very cheap valuations here. That isple argued decent. Can we trust these stocks inin and out of it and out of it . Theyve taken in 150 million this week. It is quite a boost. Russia is the leading country in terms of the lens in the month of march. Not all of that is long. Some of that is shares taken out. I think there are people going in expecting to lose. Is it legitimate . That is a great point. Are companies that get some of the revenue from russia. If you are talking about the market, i think that is a way to get extra liquidity. Sometimes you have to do that. You are doing a market you could use adrs. Most etf that use adrs do not have many assets. Investors like that better. We have done Good Research on that and we know that leverage kills you. With all the geopolitical news, there is volatility. I am going to lose money. How do i enjoy this letter in russia . Leverage in russia . Yugo in shortterm and you watch every day. Shortterm and you watch every day. Traders love it. Direction do you take a shot of vodka when you buy and sell these eggs . Things . It could help. Some of the markets are going up. It went up three times on monday. The other one would go in the opposite direction. These products see a lot of volume. They are treating as much as big corporations. Ago, they were putting leverage project products into retirement. Everybody knows that leverages a power tool. Want to make it clear is for traders. Commoditiesbout the tangibles. Cow is one of the best performing commodities. Some of the not so well known commodities are doing well. It is 50 live cattle. A spreadings have virus. We are talking about hogs and pigs and cattle. I read a lot of bloombergs. Bloomberg stories. A lot of people are piling inherent regulating and trying to write that out. That out. Ride look at it. That is not funny. That was interesting. Some of them are at home. Thank you. You have so many bowties, you could probably create your own a yeah. Etf. Thank you, tom. We may see some changes in the Music Industry. They have taken an interest in big data. Signs with ahazam music group. Will we soon be able to predict heads . Hits . Research forhe Bloomberg Business week is joining me now. Is taking data and marrying it with an art form. Which is winning out . It sounds like the data is having a much bigger influence on the music. Data is having a lot of momentum behind it. We are seeing something that is happening in music that we saw before in sports. We thought in wall street. Creativeway from decisionmaking to a lot more computer and data driven. Example,e viewers an if you are listening to spotify, it will predict what you want to say next. I would argue that some of the data on pandora does a better job at predicting what i personally want to listen to better than spotify. Is it critical that all of the services find the best possible algorithms so they can predict most accurately what i want . That is the question. What you like and what you want is often dictated by what is marketed to you. There is a lot of research that shows the best hits could be totally different based on what was in the top 40 in your mind. And gave you a fake chart said, these are the biggest charts, people will like those hits better. It might not predict what you like, but it will actually drive you to like Something Different than you might have otherwise liked without a recommendation. Good change the Music Industry in a couple ways. If it were completely to take over and were algorithms, every Single Person might have their own individual type of music that they list two. Maybe you are pandora station is only you. Person, we share the same experience. We all have something that we can reach four. It is the same way with television shows. Bad raking and house of cards. We see Companies Going in the data direction right now. Waye are companies all the along that spectrum that are different percentages. You want to change the art form. You music be composed with or me specifically in mind . That is a technology that has been out there for several years. You can run your song to the right and it will tell you if it had a chance of being a hit or no chance of being a hit. You could use that software before you release the song. By using that information, the idea is that you could adjust the song. That problem did not really get off the ground. The person who founded that is now in a different Music Technology start up. He is on the human side. He went from the fully computer side to the human side. Needs a little human intelligence after all. Coming up next, we will head to hollywood. The starlet may be getting the short end of the stick. We will explain what we are talking about next. Sxsw is coming up this weekend. We will give you a cheat sheet for what to see. Treats mark continues next. Street smart continues next. It is time for be seen the scene. Tomorrow is International Womens day. We are taking on women in hollywood. A very large to be wage gap. According to a recent report, out of the top 10 biggest paychecks earned by actresses in earned bye actors in 2013, only one was a woman. If theres any place where you might see quality, women have long been in the home industry will you cannot say that they are new to the market. Advertisers love women. They want to go after women. You would think that actresses would be earning just as much as their male counterparts and they are not. Why . You are right. They are not. It is shocking. Juniorar, Robert Downey earned 75 million. Highestpaid woman was Angelina Jolie at 33 million. That is an enormous disparity. Why do i think is happening . It has a lot to do with the fact that the senior decisionmakers they are men. They hire the people who are like them. Is this happening at the International Box office . I do not think it is that. It affects movies playing abroad, but i dont think that makes a difference. Women are just not paid as much no matter where they are filming. There are a lot of excuses in corporate america. They say that women have timeout to have kids. I do not think you can come up with those excuses in hollywood. Movieso not plan their around when they have babies, but it is not like it is taking them completely off the track. And we wereion talking about this earlier, some of the male earners have action movies. Action movies tend to gross a lot of money at the box office. Action you strip out the movies, you are still looking at a situation where Angelina Jolie, the topranked woman, is basically making about the same permanently at the two lowest paid male stars on the ranking. That would be Denzel Washington and liam neeson. Here is a greater example of that is 30. Hunger games was the top grossing film of 2013. Lawrence,tar jennifer she only earned 11 million. That is nothing compared to what the men are earning. You think it is because men are in charge . Didnt Sandra Bullock get a huge paycheck for gravity . That is a good point. She is our beacon of hope. She negotiated a deal with gravity and that comes from being in the business for a long time. Did Audrey Hepburn make less than cary grant . Do we know . I bet she did. I do not know for sure. Women have been in this business since the beginning. You can go back to the silent films. It does not hold up. It does not hold up when you compare Angelina Jolie. One of the highpowered agents that trish regan talked to, if one of them was here, what would they say . Problem lies with agents. If you look at agency world, most of the top agents are mailed. It may have to do with their own perspective on the client. I want to point out that a lot of the Big Box Office earners who are women decided to pull back and do more independent movies. Julia roberts has earned 20 million. Question. A 15 second Ellen Degeneres on the oscars, i was watching it. She was fantastic. The readings were great. Like they were the highest in years. Does she make a lot of money doing it . Is better television. Women make more. There is a disparity, but they are doing better. Thank you. Pimm fox is joining us with a preview. Stock,g up on taking we will talk about the current athletic commissioner. She has worked with leaders in politics as well as business. I will speak with john kelly. He is a founder of a new user magazine. They have music magazine. They have announced they line up at sxsw. All of that and more is coming up on taking stock. Bitcoin community is wedded to the idea and being anonymous. It is so large that we have to stop saying it is no big deal. We have to ask these questions. I am ok with being skeptical. The tip of theat iceberg. There is more to it. That was leo goodman. She was talking about her cover our goalie newsweek. It has come under a lot of fire. People are questioning the sourcing of it. She has come out and said that this is the guy who created bitcoin. This is the guy who created it. He actually never told her that he did. I will go back to the earlier point. Never done an interview where someone says, connect the dots. Whether you are bloomberg or the new york times, there is no connect the dots journalism. I do not get it. Questioningple are the sourcing pattern on this. Tina brown, the former editor of newsweek said that she would not want to be the editor. We have to give her a shot for coming out. I do too. What are we doing this weekend . I have no plans. It is not 10 below zero in new york. Thank you for being here. Have a good weekend. It is 56 past the hour. Bloomberg television is on the markets. Lets get caught up on where stocks ended the week. It was another day and another record for the s p 500. Another alltime high. It was the second week of gains for the index. Traders did not want to take on stocks headed into the weekend. Anything could happen. That is offsetting the better job growth we saw in february. The markets did have an Immediate Reaction to that job report. David rosenberg was a little optimistic. He spoke with betty liu this morning on in the loop. The weather has had an impact on the Economic Data that has come out. In the context of this week, post crisis, 175,000 is the new normal. It is a good number in my opinion. That he also got reactions from the obama administration. They waited on the debate over extending unemployment benefits. We see a recovery that is continuing. It is one that is not happening fast enough for many americans. Including the 2 million americans who have lost their benefits. We are focused on getting cash back in their pockets. It is good for the economy and it is necessary for them. Look atjohnson took a the jobs reports. Follow the jobs and you will find growth. It is time for a little insight and action. The economy created 175,000 new jobs. Where were the jobs . It is simple. Business services. 79,000 new jobs were created. Care, 33,000. Construction was 15. Business services, that is where the jobs are created. The question becomes, which company specifically is in Business Services . We started with the s p 1500. There are 353 Service Related companies. Of those, we found that there were just 15 hiring. Payroll is increased by 15 . It is expected to continue. Growth is hard to find. So our jobs. Ask the average american. Here are those 16 companies. Facebook, magellan. Moodys. The things we know, some of them we do not. I will put all of them on twitter. These are the companies that are hiring. When you are hiring, you are growing. When you are growing, your stop is rewarded. These companies are up 55. 7 . A 21. 6 . S only follow the jobs. It is simple. Lets check in on how oil reacted to the report. It should copy downward trend. Oil is getting a boost. German industrial output is increasing for january. Markets, im out still. Alix steel. Forhis is taking stock friday, march 7, 2014. Where speaking to an executive who is turning Green Vegetables into cash. The Company Ready to profit from the everexpanding marijuana market. Is the agency that [inaudible] south by