Once again try to stump me with tonights mystery guest. All that and more over the next hour but first lets get headlines for my radio cohost carol massar. Bill ekman will make a presentation tomorrow on herbalife chinese operations. He plans to discuss documents obtained from a former employee. They regulated direct selling and multilevel marketing. According to three people with knowledge, combs would convert fuse into revolt tv. Another day, another letter regarding ebay from carl icahn. After they rejected his nomination to the board he wrote that the chief executive of ebay cost shareholders 4 billion when he sold skype. He sold it to microsoft. Icon has been pushing ebay to spin off its paypal unit. Here to tell us more in this feud over what will technology and banking, bloomberg west editoratlarge cory johnson. And lisa stanton. I want you to describe what exactly is monitise, what does it do . We enable mobile Banking Payments and cons commerce using existing structures. Processors or the banks themselves. We are agnostic to type of payment or where their purchasing or where they are banking or just providing the infrastructure to enable that to happen on a mobile device. Comment on this mobile banking mobile payments. Carl icahn is not exact not agnostic when it comes to the future. Why does he believe that a pal is worth more spun off from ebay . You can add the notion that this is a hot space so there is some silly valuations going on for players who are nascent. They have a better chance of attracting such a valuation. What is interesting is ebay looks at this business as not just something they like as a standalone business but also something they like to protect ebay itself. What do you mean, protect ebay itself, protected from what . It is paypal has been the dominant form of payment on ebay. Since long before ebay owned the company. When it was a money loan losing complete run by a handful of people, some notable people like reid hoffman and peter teal, elon musk gets credit for running paypal. It was losing boatloads of money. It was successful but losing a ton of money. Ebay acquired it because their own payment solution was failing with customers and they recognized if they wanted ebay wants to control the payment on ebay, they could not let a competitor like amazon or google or apple or visa or somebody else acquire paypal. They would be willing to lose money on paypal to keep it internal so they could control their own destiny on ebay. I wonder if you could make the case for ebay keeping or not keeping paypal. If you are asked to give an analysis, what would your thoughts be . Ebay is a fabulous company. The addition of paypal made it even stronger. You have seen them grow enormously in the past three years as partners. From our perspective people like to shop but they do not necessarily like to pay. Anyway, you can make it easier for someone to make the transaction happen it raises everybodys stock. Ebay remains agnostic also. We think that is the same thing that will happen in the ecosystem for mobile money. Consumers decide how they pay and if you can make it easier for them likelihood the chance of a basket closing or selling goes way up. Having said that paypal is linked directly at least bank backed up directly to bank accounts. Is there a technological challenge for paypal to expand its market share . It does not feel that way to me. It takes years to create a new network that is working around the world. When i think about back in the day because i am an old banker, back in the days of the atm it was an individual system but you could not take your atm card and get off a plane in hong kong and use it with your existing pin number. You can do that now. Like citibank customers could not use their cards to get money or make deposits and other banks. The beauty of building this Payment System is making it so ubiquitous that everybody can use it regardless of housing and of how they pay. Is it just paypal is such a significantly different brand than ebay that on a business course it would make sense to have them two different stocks. This gets back to this competitive notion. Lets imagine this Payment System is owned by amazon. Ebay users, amazon could say charge an extra quarter percentage point to buy the same item. They could run an ad next to a paypal arches on ebay to stew that business toward amazon. They would have instant price discovery. You can imagine the way the technology has used to ebay to create opportunity because they know how to set prices, they know what is hot and what is not on a very realtime basis. At a moment when it matters the most, not when interest is shown but when a purchase is made. The power of these Payment Systems in an era where we have got the computational power to collect big data and use it is really powerful. Is that data that cory talks about, is that valuable when it comes to these payment networks, if it is just the plumbing they do not care what youre doing, do they . They will not necessarily be able to sell that data unless you are already a cardmember. There is no reason for them to want to sell you anything. In this day and age it is about the data. If you are combining network and consumer history in terms of how they buy with all the information of bank has in their account with their relationship with the consumer and then you start to add the inherent benefits that a mobile device offers like where you are and what you like to do, all of those things together create real value for whoever has the permission. Are they based on profits or sales if someone is doing analysis of what paypal could be worth as a standalone company. To us in the space that monetizes, it is about consumer adoption so creating a database through users using the platform, we see every single day on average the consumer logs in to check their balance or move money or make payments. That sort of interaction every day now with your brand at the bank becomes really powerful. Any numbers about how many times a day that happens or can you give us figures like comedy people have that kind of interaction on monetized systems . It is 28 times in the banking side in a month. Youre comparing that with the old days of Online Banking were you logged in once a week. Now you are logging in every day. It gives you the permission to do much more than just banking. Thank you for joining us. Coming up, the car that roars like a lion and it purrs like a kitten. Jason harbor will talk about his ride in the 181,000 porsche. My mystery guest is on a first name basis with chefs lidia and mario. More next. If youre looking for an automobile that can ache you feel like youre blasting off in a rocket, the porsche 911 turbo s could be for you. It has a quiet side. Jason harbor is here to tell us about his experience. The porsche 911 turbo s. It stands for sport. The regular turbo is 520 horsepower. For the turbo. An extra 40 horses. You can pay an extra 35,000 or 36,000 and youre at the top of the totem pole. Cool thing about the 911, and i am a fan, for every sort of personality, you can get an older or vintage 911. It is your personality, how flashy do you want to be . If you are the flashster, this is your huckleberry. Lets start with how it grips your body when you get in. The surprises you turn on the car and it is not as big roar. You can cruise around town and not know that there is 560 horsepower. It is a car you could live with everyday. What happens if you want to take those 560 horses on the road, what does that feel like . Rex it rearranges your intestines. As a passenger, you feel yourself getting a little white and feeling uncomfortable. It is the fastest launch. It is like one of those las vegas rides. There is sort of this alarm. It is from zero to 60, someone did it in 2. 6 seconds. Zero to 60 in under three seconds. You can replicate it time after time. It is easy to do. You have to find the right road to do it. Your friends will love you, your mate will hate you. What was your car like, give us detail, color, interior, exterior, comments . This was a great experience. On roads you have to be careful. A soft footfall is headed straight to jail. The problem is finding a place to truly exercise them. Even a racetrack you will run out of straights. What is the range . It is a twin turbo inline six engine. It is not terrible gas mileage. You will not run out of gas. It does not beat beat you up or assault you. Manual shift they have done away with this for long time. It was like a supermodel that you see in a club and her imperious ice blue eyes would slide over you and they will not let you in at the door. It is a little bit of a hard car. Versus some of the hardcore cars, you could still get that in a stick. This car is the imperious 911. I am assuming this is for others who have other automobiles. You have five or six other cars along with this one. How many will they make how long will they make them . Until your money runs out. This is the apple of the carmaking world. What about the interior in terms of the appointment, the stereo and the music. Everything works well. It is a little sterile but everything feels good. The is a little hard and the Steering Wheel deals great in your hand. That is what you want. Is there a moment when the knuckles went white on the Steering Wheel . If you drop it it is like ludicrous speed. Your life could flash in front of you. Your life will continue because we have got more. I want to move from the fast car to the battle over electric automobiles. Should customers bypass other dealers in order to order from the dealer Like Computers . We will take a look at the controversy on taking stock. Tesla motors is opening a showroom advocate indicating an emphasis on direct selling. Dealers in ohio say direct sales violates state automotive franchise rules. Alan ohnsman brought us this story. Alan, i want to begin with you and if you could lay out what the situation is and the challenge that tesla conference. Confronts. In the state of ohio right now we are seeing the latest in what would have been what half in a series of challenges to tesla over the past year. The Ohio Car Dealers Association has lawsuits pending against tesla and they are backing a bill that will go to the state senate. It would essentially bar any form of direct auto sales. Tesla has two stories in columbus and cincinnati. State dealers are arguing that tesla is violating automatic automaker laws. They are stretching the protections for dealers. The two sides are supposed to meet in columbus tomorrow and see if they can work out some kind of compromise, but this is the latest in a string of efforts by dealers in a lot of states, texas, arizona, new york, and elsewhere, to prevent tesla from doing a direct sales model, a direct from the factory model rather than setting up a Franchise Network of dealers. Why are selling automobiles such a different proposition than selling mostly Everything Else in the world . It goes back almost 80 years. Back in the 1930s apparently some of the big automakers at the time could certainly take away your franchise. They might set up a competing franchise within the same brand across the street from you to drive you out of business if they did not like your store. Beginning all the way back from the 1930s, states began to set franchise protection and those have been in place for many years. This is an interesting situation in terms of how out of sales are regulated versus literally every other Consumer Product with the exception of alcohol. Andrea, you have done a study looking at how people use mobile technology to go show rooming. They check out what they want before they go to the dealer and they go to the dealer and take pictures and go back and check the internet. What does your study tell you about the behavior of automobile buyers . 63 of auto shoppers use their mobile device to shop and research while on the lot. And they use smartphones to check prices and payments and other offers. Theyre looking at other competitive dealers. 25 use their smartphones to look at prices while they are on the lot and 25 look at inventory at competitor dealers. It shows you what is happening with auto dealers. You drive a lot of automobiles and write about automobiles. If you could go on a mobile device and while youre Walking Around on a dealership lot, you can check out all the details and figure out price, is this effort to bar tesla, does that ultimately make any sense at least from the car buyers point of view . I do not think so. What other business do you going do you go in, you are already unhappy. The dealership claims this is for consumer protection. I do not remember anyone saying i had such a good time going car shopping. What i like about this deal with tesla, you wander in and touch the cars and get to see things, your guard is down and you are enjoying yourself. Maybe you can talk about this. It is almost a complete different marketing experience. They do not want to sell cars in the same fossil fuel way. Absolutely. That is part of their argument. Theyre saying it is not just the car in this case, it is the experience. There is a lot of knowledge required to understand, living with a model s, how that is different from owning a gasoline car. They say that this is essential to the business model. Being able to sell directly. The other issue is tesla has no inventory. Every car they deliver is built to order. There is no dealer lot with 50 or 100 model ss just sitting around. I have got to thank you all very much. We have more with jason harper. Two Companies Want to charge you up next. This is taking stock on bloomberg. I am pimm fox. The mt. Gox Bitcoin Exchange has filed for bankruptcy protection. It is trying to shield itself from customers who lost money while it tried to reorganize. Nearly half 1 million are missing and probably stolen. Mcdonalds missed estimates again. Samestore sales dropped. 3 of 1 . It was the fourth straight month of declining sales. Due to the harsh weather. Neil young is turning to kickstarter. Thats a look at headlines. Tesla completed a Cross Country trip. My next guests are building a charging network of their own, one that they say will be bigger and better than tesla. Joining me is guy mannino and Bruce Brimacombe of goe3. And jason harper. Great to have you with us. Why is it called goe3 . There are iterations between charges. We can make sure people get out in 15 to 45 minutes. How did you get interested in this . Your background is the chief executive of pirelli. I got involved with Green Technology and started with small electric vehicles when there was no Major Car Companies doing any of these products and discovered quickly that you have to have a long cable to charge those cars because they were only doing 20 miles. I got involved with charging stations and heres the next phase. When you talk about charging stations, you do not necessarily have to think about it like filling stations, do you . You can put them in different locations. We were trying to steer people to wear it to go. We want people to look at this as another type of fuel. We have been supported by some Petroleum Marketing associations. They would be going into existing filling stations. What is the cost of building Something Like this . 50,000. To build a gas station you have to take the tank and it is exorbitant. How does the Technology Work . Plug into the grid. We have an eyeball to eyeball Cross Marketing system that supports the community. If you are sitting there for 45 minutes, if there is a restaurant you want to go to, you can they can pop up a coupon. The money gets recycled into the community. You have things at you have them at things like the mall or mcdonalds. Anyplace is good. As long as you have to park the car for 15 or 20 minutes. You can go and eat or do anything you want. That is the way to go. What about pricing, how do you figure out how much . People are used to pay per gallon. How do you price this . And the grid you are using, you have to tap into the local electronic electric line. We use regular plugins. We use less power to power our system than it takes to put a cng system in. Not only are we 10 times cheaper to put in, we use less power from the grid. This is a great impact for the grid environment. Is there are you doing northeast or is it all over . It starts from the west coast. California is always running, it moves west. The first stations are in arizona and we will move across the major highways going west. I was going to get a tesla and there was concern about where are you going to charge it in manhattan . It would be a great place to get an electric car. The point i want to put to you, if this is successful or the idea is successful, you have got in the car have you gotten a call from elon musk, he must know about this kind of stuff. They are glad to have you as a customer. We are very supportive of all their cars. There is a battle of the plugs going on. Were trying to support them some people. We want there to be a great acceptance. What about the Different Countries because we have an alternating Current System and in the u. K. They use a direct Current System. That is the basic. The Technology Comes from japan and some comes from europe. That is why the standards are not synchronized. That is why we are going to have all the different types of plugs so that nobody is going to be left out. Do you have an electric car . No. You are waiting for the same one . Thanks for joining us. Getting all charged up. We will get charged up about furniture. How a business that started in iran decades ago inspired a family to create a list of celebrity clients. And our mystery guest was known for having a pumped up personality. More next. My next guest is part of a family that fled their native iran decades ago. They came to the United States and started a furniture business and grew it into a Luxury Furniture business that is one of the most respected names in the industry. I want you to tell your story and then we will get into the details of the current furniture business. You want the short version or the long version . Whichever you would like to do. The revolution in 1