Freeportmcmoran copper gold is one of the worst performers in the s p today. 3d printing stocks. Systems down five percent. Exorbitantlyare valued right now. They have been very volatile. They are trading by and large flow were. Finally, a big deal in the banana industry. For 520 brands a deal 6 million. The shareholders own about 51 of the new entity. This creates the largest amana producer in the world with this merger. One of my favorite songs, chiquita banana. You should watch the movie. The search for a missing jetliner now spans over nine different countries. Flight 370 originating from kuala lumpur disappeared friday night with 239 all on board. So far investigators have found absolutely nothing. Nothing has been recovered. An oil slick in the gulf we thought was from the jet came from a boat. The focus has shifted to two passengers traveling with stolen passports. What actually happened here yet go we are joined by the president of the Chertoff Group and former head of protections of Homeland Security and of theg administrator tsa. Thank you for joining us. What do you think actually happened here . It is unusual in the fact that there is no mayday call. No communications after the plane entered vietnam. No wreckage. Lex a lot of unusual circumstances. Investigators will have to get to the bottom of it at this point. One thing that has raised questions is their art to reportedly lost and stolen passports used by the passengers on board. I think it is important to note that over the years i have been involved with Law Enforcement and crossborder activity, one of the most Critical Incidents that organizations and often times terrorists use our legitimate documents that are stolen so they can go ahead and travel across the border. Something that happens a lot. I have had friends lose passports and passports get stolen when you are in the developing world quite often. Not only tear wrist who are stealing them and traveling with them. That is right. Im doubly more are doing them in a different way. We have heard a lot about drug trade. Felons who are on the run. So it is fairly current. That part of the world, especially thailand and malaysia, and that part of the world there are a number of people virtually every day who flies with valid to fly with credentials not valid. They do not have to be passports, but most of the time they are. There is a list that in her pool that can beerpool queried and has 49,000 stolen or lost passports. So if we were checking against those, it will show up. Not everyone has the technology needed to instantly query the database. We have it here at jfk and lax but not necessarily all airports and those in this part of the world would have that kind of technology available. Certainly different parts of the world do not have the same requirements and standards. Any things were implemented to make air travel more safe and secure. For instance, making sure beginningare queried 74 hours before people travel to the United States to make sure we have legitimate documentation on individuals getting on board the aircraft. That isthe databases queried by the u. S. Government is the lost and stolen passport database. Again, not everyone has the capabilities the United States have. What do you think happened peopleeaving aside these traveling with stolen documents, because i am guessing people travel with stolen documents on a large amount of flights, what would cause a plane to go down it,out anyone hearing from starting to show up on radar as a problem . Very sudden, violent occurrence. Thisb certainly would do but it was very sudden, violent, and there was no time to react. Twae have seen this, right . 800 a lot of people and shut there wasrocket but such debris in the river. Is that the one oddity . If you have a bomb, missile or portable weather occurrence that can bring down planes quickly am a but you would see them somewhere . One of the things, john would be correct with option he is putting forward. Could be very simple and basic as the pilot in the it were so focused on the incident they had to manage right away that it came upon them so suddenly that they were not able to give alert or make a mayday call. So there is a variety of Different Things that could happen. An explosion could be one. Weather could be another. Speculating about what the circumstances are i am not sure will help solve the mystery. Those Nine Countries out there trying to find if there are remains that could lead us to conclude what might have happened. The 230 nines for family members are the critical things Going Forward. Vista lane talks to you. The pilots would not have had to activate a mayday. The plane talks to the ground, control centers, bowling boeing on its own entrance and thats without the pilots and it did not, which means to me it was a catastrophic failure of the systems. , if we get the wreckage we will have better clues to what happened. In the recovery of the aircraft, what needs to happen . Does the u. S. Has far and away the best technology to find this and should we be giving as much as we can because it seems malaysia does not have the resources necessary . Expert to export be able to handle an accident like this but can only determine him experience in the past our country will be owing to support in the search and recovery and anything postincident to help with the recovery of the black rocks or any other evidence that could actually get clues or indications for what might have happened. It isnt working to find out the real circumstances. I think we will. In each case we have talked about the one in the Atlantic Ocean when there was a question whether it was a rocket or not. Empty fuel being a tank that erupted because of fumes. It took a year and a half to determine that. Thank you. Department of Homeland Security. Jane comes from a founding principle of the tsa. When we come back, Edward Snowden will be speaking at sxsw, the music of the ball austin, texas. One of his first live video appearances. We will tell you what his comments mean for the Tech Community and media at large. The white house list you do not want to be on. Who will get hit if the u. S. Imposes sanctions over the crisis in ukraine. That is ahead when we return. Edward snowden is here the yellow the videoconference today. He told Tech Companies they need to take a leadership role in improving encryption tools. [inaudible] only that you should collect the data and hold it for as long as necessary. Whether you were google or facebook, you can do the things in a responsible way. Out. An still get the value the Technology Community support snowden, but should it, and what does it again from the Edward Snowden affair, whether it is behind it or not . We are joined by brian blair, principal and analyst. A lot of people grateful for what happened, because he shines a light on something previously we were unaware of. Were now more than aware that anything we put out there has the potential of being gathered and watched. Maybe there were movies that suggested it is possible but now we know it is very real, and encryption is becoming more popular that it was five or 10 years ago. Now consumers are hearing more about it. There is a huge drive for the community. For the business community. I want to talk about that. First, lets talk about the speech. What an amazing thing. Seven routed through different proxies. The idea is he did not want anyone to know exactly where he was. He went through the remote proxy server seven times and no one it. D trace that is my defeat feed was relatively poor quality. The moderator did a great job repeating this. Eagle are after him. Previously we would have thought he was paranoid and now we know it is because that is what israel. Theet me ask you about drive for businesses. You mentioned snap chat. Of businesse kind that delivers data and he races it. Snap chat was born out of the one single thing, the idea you could send a picture and would not be permanent. Become soy it has popular because we have had the concern about security, the concern that whatever we put out there is permanent. Snatch accessible only last for 10 seconds. That is the one thing that has made it become a global phenomenon. The look at a night if i look at a picture on staff chat, i could have another image with another phone. So it is not perfectly secure, but the perception it will not be permanent. That is why it has become so popular with young people primarily. Lex i think it should be race data better. Your wife is going through your account, she can see that your girlfriend sent you a bunch of snapshots. Chats. P saying mores been recently we will not hold your data forever, only for a short amount of time. That is one of the things snowden said, company should be able to hold your data but no longer than necessary. He does not think data should not be held, just not longer than necessary. The question is whether or not company should hold the data but whether the government should hold the data. Muchuestion is, how individual freedom and liberty are you willing to trade for security . The point is we should be aware of when we are being surveilled and when the government is gathering data and consent to it and say whether it is ok or not. You see this in the Smart Phone Software where before a program asks has permission, it asked for permission. It wants you to know that you are going to be surveyed surveilled through the different programs. He a good point. Let me ask about another industry that Edward Snowden has really helped out. Have doubledmust at least its following on twitter. He arguably made the paper more of a paper of record for the community. He media has really benefited this has been one of the hottest stories over the past years. I think 1015 years from now people will still remember him and what this did for government monitoring. 1984 come to life and will forever be a membered and vilified for what he let us know as consumer and as consumers. A lot of people feel like he put us at risk if he undermines the government effort to surveilled potential terrorist or other people of concern. Villain people, he is a for that very reason. He put a light on what the government is doing. I guess it depends which is more important, the security or freedom. Coming up, we will have todays Global Outlook with the latest on action in ukraine and extensions lawmakers are considering against russia. Sanctions. Is he really the founder of the coin . Did a horrible job of remaining anonymous. Newsweekve on the author. That will be rough. All i can think as i am so glad i am not the editor. As the effort to reach a diplomatic deal to end the ukraine crisis continues, members of congress are urging president obama to step up sanctions against russia. Tough on sanctions in ukraine. We have to sustain it and keep it going. I think the first thing to hit home will be to freeze the assets of russian oligarchs and talk russians in the country and throughout the world. Over the administration is holding fire. Peter cook joins me now with more on that part of the story. If the president did pull the trigger, who or what would be on the hit list . We know already the u. S. Has imposed visa bans on some identified group of individuals. They will learn what they apply for a visa and get reject it. We have also gotten clues to who might be on the list if they start doing asset freezes. Part of that is by looking at what europeans have done already. The former president of the ukraine and his two sons expected of looter looting the country as they left power in top deck it top deputies. They have been targeted by europeans and likely they would be on the top of the list if the u. S. Pulls the trigger and takes a step. The next step would be potentially russian individuals seen as undermining ukraines sovereignty and territorial integrity. That is the litmus test the administration is put out there. Does not necessarily mean Vladimir Putin directly and top lieutenants and regional officials as well in the russian government. I wonder what the backfire would be. What are the main reasons not to employees impose sanctions. The biggest argument against it is you want to leave the avenue for diplomacy open. If you take the step now, and escalation and one that could be rejected immediately by the russians and could start targeting u. S. Businesses in russia. With negotiations on the space patient. The administration wants to have leeway to ratchet these up over time. A lot of this might depend on the crimea referendum later this week. Do not be surprised if they take action after this. As far as the space station, only one of the two countries has the ability to send people to space anyway, and it is not us. I wonder about the energy that russia shifts through ukraines to western europe. Isnt it possible that russia would react negatively and cut off supplies . That is a great threat. Russia needs that cash from your rep as well. It is a threat and one they have used in the past. But things are a little bit different this time around. There has not been of hard as a winter so there is more gas in storage in ukraine and europe and also a promise on the road of u. S. Gas supplies alternately reaching europe and places like eastern europe. The the message administration wants gas to be redirected in that direction inht have a marketed impact the short term. Interesting the relationship with russia has turned so sour. What do you think the administration makes of that . This is a president who had hoped to reset relationship with russia. Expectations for the russian relationship or off target to begin with and this is just coming home to roost right now. I think any chances for repairing the relationship are long gone at this point. If there is a diplomatic salvage , maybe that opens an opportunity. Certainly does not look like an option here in washington. Thank you. I did not create bitcoin, but you can say i did if it means i will get a cool 28,000 for my trouble. The bitcoin creator has received thousands of dollars from sympathetic but coin enthusiasts. Find out who set up a wallet coming up next. Last week newsweek went to print with claims they had unmasked the creator of bitcoin. The Investment Community has made it clear they are wedded to the idea of him being anonymous. I personally think that it is so large that we had to stop as reporters. I am ok of being skeptical of certain details. I think i saw the tip of the iceberg and do think there is thatto this end am happy other journalists look at it. Chief Security Officer for block chain called goodman story to responsible journalism. Tom keene acquitted the journalism to connect the dots journalism. I am joined by alex waters of the new york tech incubator that focuses on developing pickling technology. You helped write the source code and the real alex waters. What do you think about this . Aboutms fairly clueless bitcoin, but maybe that is a ploy. I think there are two possible scenarios. Heher he is the creator or is not. He is but did not change his name and went through a lot of other painstaking encryption efforts to try to remain anonymous. Wouldis unusual that this be him. Ultimately i do not think it matters. I think for bitcoin as a technology, the creator or face behind it i do not think matters. We look at the internet and we talk about mintz surf but ultimately dont. We and technological circles we do. Ultimately it does not matter. The internet is a Beautiful Technology and lives on its own. On top of which, most of which has been rewritten since the initial publication. A lot of people use bitcoin and do not know who Gavin Andreessen is, the guy who runs the bitcoin foundation. It is more about what you can do with the technology than it is about the person. Does not change the fact that it is an incredibly interesting story that some anonymous figure created this software, the source code, that has now turned into such a large thing. It is amazing. If it is this guy, that is phenomenal. I hope that people, regardless respect is him or not each others privacy. The aggressive means for which a journalist has gone after this i think is borderline unethical. Wants to remain private, why cant we respect that as a culture . Is, wouldway, if he he have 900,000 bitcoins remind himself . Isnt that the case . He would probably have a lots of money. How much of the early bitcoin is lost is unknown and there is probably a large amount that is lost. Regardless, i think whoever created bitcoins probably has a nice holding and it is bizarre that some of the some of it has not been liquidated. An interesting point. It coin can be lost. If you put any amount of bitcoin to cold storage or in 12 wallet and lose your private key, it will never be able to be recovered. Some people have said maybe he put it into cold storage and lost the password. It is possible. It is as if i went to the ocean and dropped a bag of cash or gold ours. Could be lost in the same way. We go to great links to make sure that does not occur. Talk to us about what you are most excited about. Relatedfunding bitcoin is mrs. We focus mostly on internal projects but we do find outside companies. Trying to locate companies that address Current Issues in the ecosystem and sponsored talented individuals. I heard mark heard talk about the fact that it can be used for more than just a Digital Currency. What else would you like to see people doing with bitcoin . Were just seeing the start of the amazing innovations, things autonomousralized organizations and fully transparent corporations. It there is the plethora of interesting projects that will probably take a couple of years to come true for wishon but actively working on. Great purview for what to expect. I think you are too smart for the show. I will put you in tom keene and a room with a 12 pack of genesee cream ale and see what happens. Thank you for joining us, alex waters. Now, Robert Simmons is partnering with u. S. And chinese financiers for a new venture. We will tell you how he plans to compete with the major studios coming up next. Plus, cardinal icon at it again. His latest attack on ebay after the break. Skype was going to be sold by i think is either naive or asleep at the switch. I can promise you one thing, if i had been o