Would be a big mistake. Alsotch mcconnell criticized the agreement from the u. S. And china to reduce greenhouse gases. A executiveces change. The cfo is leaving and will be replaced by kelly kramer. Revenue was slightly up showing the transition is making some gain. Jcpenney is blending the weather for 1 drop in sales in the third quarter. They say warmer than usual fall hurt sales of seasonal goods. Online sales were up. Jcpenney posted a loss of 188 million. Nation teaming up. They will develop a music themed Video Service offering Live Performances and recurring series. Artists include beyonce and jayz. It was announced starting a Music Streaming Service as well. Takinglead, twitter ceo on his critics releasing new information. 500 people 500 Million People come to twitter without logging in. Billion hit the upper his goal is to convert people to the instant timeline see you can see what is happening on twitter without having to follow people. Investors sound like they liked it. Shares soared after the comments. Of all these things they say whatre going to do stands out most . How many of them there are. They said we are increasing our pace of execution. We care about catering to diverse audiences. Haveis the first time they given clarity and opened up the to do list to investors and said here is what were thinking. Wethey dont deliver, now have this checklist we can go through for the next few months and say did they roll out mobile apps, did they fix the login experience . Lots to come. Lets talk about these logged out users. I asked this question, who are these people. What are they doing . Take a listen to what he had to say. We know and measure how many people come to our properties and dont login, and what they do. We have an understanding of why they use the site and service. The same thing goes to the syndicated audience. We measure how it grows. 500 million logged out users. 284 million users logged in. They more than double the number of people. Is the goal to get those people ultimately to login or can they monetize that . It is both. They want to get people to login. The process for creating a twitter account and coming up with the followers has been tedious that they were announcing this instant timeline feature. A new twitter user will come on and have a timeline set for them so they can begin to reap some gains. You mentioned 125 million users come to the home page. The homepage now is an ad for twitter and nothing else. There is no here is what is going on, that shows people why they should go into the top righthand corner and login. They want to bring people into twitter. Thatalso want to pop profit off of the ways people are using it in the media, on tv. What has been the reaction from investors . Exhibit on the phone with people all day long. Do they like what they hear . They like it in theory. They want to see it happen. Give clarity on what you plan to do. How much confidence they actually do it . Excessivehad management turnover. There has been internal bickering for years over the simplest things to change. They said these things but what is it going to look like . I talked to reid hoffman who knows what it is like to grow users. He expressed confidence and that he should not be listen to the critics about management and should be keeping his eye on the ball. I think he has a founders mindset. Part of the reason he is doing the reshuffling is he is willing to take the criticism. Part of what you have to be able to do is say i need to change some things, im not pointing to criticism, but im going to ignore it. He knows about the critics but he is charging forward anyway. How much confidence do you have . This is one of those guys who does hear the critics. Critics twitty get him all the time. Is sticking to his guns. He came out and did what needed to be done. There are people on two sides of this. I talked to people, and they confidence in dick. Others dont have as much confidence. With people on both sides, he is much beloved there. Thank you. What is taylor swifts against bona fide . What does it mean for the future of Digital Music . Pulled her albums off of spotify calling it a grand experiment blaming streaming for a decline in sales. Can the move do anything to slow music moved to digital . Keith, take ath look. I think she is going to be in a unique position as an artist. She is able to go ahead and see spotify and speak in a loud voice that change has to occur when it comes to current financial notches. The model has to consider what is really happening not just to download but to fiscal sales. Upset the artist really spotify and the inability to get revenue . Spotify says they are paying the labels but artist said theyre not getting enough money. Throughout history, artists have not always got enough money. The challenge right now is that we have always had a technological ability to really get down to who is doing what. It really should come back to them more. I do think the ceo of spotify made some mistakes with piracy versus their service. Young people we are talking to are not used to being called pirates. This is music and they did not grow up with a lot of stuff. They grew in the age of napster and downloading music and getting music there to go ahead and call them pirates is not really saying it correctly. At the same time, you have artists like tailors left who are powerful and transcend all of pop culture, where people will go and buy fiscal goods. That changes what your manager is taking advantage of. A guy we used to work with, quincy jones, is also out there, thank spotify is not the enemy and piracy is. Outside of what you call your customer, is that the issue and is that the alternative to piracy . Light snow. You think about radio, it has been going on forever. That is not piracy. Back in the day when you grew up, you used to record things right on cassette. The issue is right now, you has a Service Like Spotify that makes a good amount of money. They have done a great job growing 50 million users over 13 million subscribers who pay 120 a year. How is it proportions directly to artists . Taylor swift is one of those artists. One of the few artists that can really do that in a powerful way. Like she has pulled all of her albums. Jason l dean has pulled his latest. Can you imagine a hybrid model . Does every artist has to do this the same way or can some just choose . I will not allow myself to play on pandora. Some artists say, look, i want to embrace it. A couple of weeks ago, we got together with a number of managers, including the gentleman you just mentioned. They formed a Company Called maverick. What they will be able to do from there, they will have more leverage when they have these discussions. In those discussions, they will discuss things like different types of payments and promotional things that allow these types of artists that have power on a more equitable basis than some of the things going on with streaming. Welcome back. Im emily chang. Scientists made history on the service of a speeding comment 300 million miles from earth. An ambitious attempt to death a attempt, a decade in the making. They will start gathering data by taking pictures, drilling into the comment, and sampling chemicals, and more. How groundbreaking is this . Joining me from skype, the chief engineer. Cory is still with me as well. How difficult is this question this question even earth, is moving in space. How hard is this to do . Difficulty cannot be overstated. This is an extremely citing day and the European Space agency, with the Rosetta Stone scratch, just accomplish an extra 90 an extraordinary feat. It is still playing out. They just made its way to the surface of a comment only hours ago. It is right in the middle of returning its first data. What kind of data are you looking for . What will teach you about what youre trying to do . Is the first time in history we have actually had something designed to go down to the service of one of these small bodies and really study its surface. From planetary resources, we are interested in the resources of race, particularly things Like Hydrogen and oxygen. That is where, to get details from. What it will actually be uncovering is just what is a made out of and what is the structure . What is the surface like . Today, were seeing the real thing playing live out this morning. This was done by the European Space agency. What about nasa . Should we be concerned nasa did not do this . Nasa actually has a number of incidents on the spacecraft orbiting the comment. The comet. But europe, the European Space agency, does get most of the credit for the success. Nasas plans also include going to two asteroids in the future. They will rendezvous an asteroid just next year and also returning a sample from one. It is not just the u. S. Either. The japanese space agency, the russians, even the chinese just returned a mock commission from the moon. Space exploration and understanding the sources of is really growing to be more than just a united its effort. United states effort. What we are excited about is more than just a government effort. To that point, an explosion on the launchpad. I was shocked to read the next day that you have something in that spaceship that did not make it. Talk about what kind of a setback that was for you and where planetary resources extend now . The spacecraft fleet built, a prototype of what were are doing for asteroid processing technology, what on that rocket that didnt make it this far, for us, it is disappointing, but it is really part of the game. Hes things happen and if you do not plan them, you do not know the business. We are already scheduled with our next phase kraft and our spacecraft for our next launch, 10 months away from now. All right. A spacecraft landing on a comet. G up next, it is no joke. Will ferrells funny or die is sale. A possible welcome. I am your host. My guest today is bradley pitts. Thank you for joining me. My pleasure. How old were you when you lost your virginity. Zero . I will tell you when i lost mine. Would like to hear that. [laughter] is the first time ive seen this. It is just so funny. You do not even have to hear what they say. It is just so funny. There is a moment where he asks if he has trouble keeping a tan and brad says why, and he says, because you live in your wifes shadow. As funny as it is, funny or die is getting serious, hiring a Financial Advisor to evaluate its options. Joining us now via skype, the funny or die cofounder is now the ceo at wtf studios. Thank you so much for joining us. What do you make of funny or die looking for a sale . What does it say about the evolution of the business . I think it is very significant. It is one of two Youtube Content places on the web. When we started in 2006, mark came to me and said, i really think there ought to be a comedy set on the web. His son is an comedy site on the web. His son is an aspiring comic and said, we should do that. We said, that is great. We can create it but we need the content. We reached out to michael and he placed us in touch with gary sanchez productions, will ferrell, adam shea, and they were open to the idea. We set it up and shot a few videos and in april 2007, we launched it. We did not go on youtube. We sent out 10 emails and we put that film up, the landlord, will, the lamb lord being a threeyearold girl. Adams daughter. We thought, people will watch it. Amazingly, three days later, we were getting 300 million video views in a day. That is the cause of the hard work of a lot of people. Incredible. We were looking at the video, 10 hours of the man in new york walking around. Who do you think possible buyers are here . I could not comment on it. I was on the board of directors until last year. I stepped down because i started another Comedy Company more , of an urban Comedy Company with a few of the wayans brothers. I am not privy to the negotiations, but i think there are a lot of people who would buy them. Is there a notion this is the direction of the company . A very big site with a lot of contributors and content, and that it would stand alone . I think they just wanted to build something to entertain people there at i think they hired on andrew, the head writer at saturday night live, and mike, doing a lot of production. Tick has been amazing over the last several years building the company into something big. I do not think it was ever thought we were just building it to sell it. It was thought we would create a destination site that is comedy and has people like zach, who is amazingly funny. We get to a point now where they are producing tv shows and commercials, and it has basically become hollywood 2. 0. It is the next generation of what is happening in hollywood. The best asset they have is they have the ability to do click turnaround, top will quick turnaround, topical comedies. That they can produce Something Like a man wandering around in new york city, even the next day after the viral video hits. They have a large staff, a tech staff up in Silicon Valley and down here in hollywood, they have all the staff, and they are really the go to place for people who want to go out and build some brand. The assets they have at their brand, funny or die, it is all the people who are there who are able to do the things no one seems to be able to do. All right. The funny or die cofounder. We will watch to see how this plays out. Funny or die is apparently up for sale. With a company like google to deploy robots, i talked with steve. A great interview you do not want to see coming up. You do not want to miss coming up. . Im emily chang. This is bloomberg west. As 2014 comes to a close sam grobart traveled allover the world to get our audience a look at the technologies and innovations set to shape and disrupt 2015. We are talking about drones. Airbus is developing a solar powered raonic and stay up in the air for long times long periods of time. This is the year ahead. Zephyrreek mythology, was the god of the westerly wind. Today, a modern zephyr glides through the skies. Powered a solar aircraft. Through the weather. It is a High Altitude pseudosatellite created by airbus. What they can do from 200 miles away. They are in a constant rotation around the globe. The zephyr operates at 65,000 feet. That means they can remain above a specific location for extended periods of time. It is a cell phone tower in the sky. It has the potential to disrupt many industries, from indications to whether to surveillance. To pull it off, it needs to stay in flight for as long as possible. Un. The is the s lightweight carbon body is covered in flexible solar panels that power small electric and use. Keeping those light is the challenge. The large solution with large wings, the factory that charge up during the day, and when the sunset, the aircraft is then flying only on the battery throughout the night. The later the aircraft, the longer those batteries last. Engineers are constantly trying to make this later. Lighter some will be. Disappointed at how they are too heavy and we will look to see how to design a more lightly. This is from the aircraft. Not only is it phenomenally light, it is strong, so we can we can make it lighter. Half the mass, a stateoftheart photocell. We have watched the game and improved them in half. Yet again. A ground crew can direct the flight path but the zephyr is autonomous. Airbus will use this to fill the gaps where radar aircraft struggle. It operates without fuel, so it can provide continuous, local coverage, for a fraction of the price. The target is that we stay round about 1000. Because of its low price, it can help extend the internet to parts of the world where high cost of proved to be a very a barrier to productivity. Leaking go to a good goodu can go from capability with one platform. The abilities to develop new services in companies that have none. Google and facebook have announced their own plans to have airplane like drones to spread to new places. Airbus is not worried about the competition. We are quite happy about the interests of google and facebook. It proves we were right to believe in the market. They are very much where we were a couple of years ago when it was a bit more difficult to do this kind of flight. Connecting the world is a very global aim. We have gone through the concept that nobody can work. To know that it can work. For decades, we considered outerspace as the next location for endeavors. Launching satellites and rockets is expensive and hard. What zephyr shows is our future may not be up in the stars, but just above the clouds. Bloomberg businessweeks sam right there. Be sure to tune in for the year ahead special airing tuesday, november 18, 9 00 p. M. Eastern and pacific. We will look at 10 innovations that will change everything you know about technology, food, and medicine. And coming up, talking about a future of robots leading us down a path to tragedy or nirvana. What direction are we going now . We are told next. You are watching bloomberg west. Im emily chang. Anve jarvis and is known as enthusiast for Space Exploration and robots. I spoke with him about advancements in Robot Technology and Artificial Intelligence and the impact it will eventually have on our everyday lives in part two of my interview with him. Five and 20 or so now, take a listen. In five years, i think we will see more. Seymour Autonomous Cars driving. We would have a lot of those cars on the road already, and in five years, even more. We will see. Robots can do amazing things. In 20 years that are other robots in the workplace replacing mundane human labor that will have a dramatic affect on the labor pool. They are being hired by the hundreds in china to replace workers who are sedentary, doing one task all day long for their entire career. Mindnumbing work. Robots will lower the cost and people realize every manual task will be eventually done by robot. There are conflicting opinions about how dramatic the change is going to be. There is an extreme scenario where we have to worry about human extinction. That is right. I just heard the word extension. Human, could be tragedy or nirvana. It really is a break in the path of the road we are facing. You could paint a picture 200 years out. No one debates if it is happening. By then, it will have happened, where robots can do anything humans can do. It will be effective and accurate. What does that world look like . It could be a world of abundance. I mean any physical thing, potato, if for artie a for a ferrari,