Competitive, we will look to see if its more valuable in someone elses hands. The deal comes after allergan rejected and offer from Valeant Pharmaceuticals and activist investor bill ackman. The client and auto manufacturing come utilities and mining drag down overall Industrial Production in the United States last month stop it drop surprising many economists. U. S. Manufacturing is seen as key to the world economy, especially with todays news that japan has slipped back into a recession. Startup Hampton Creek is not backing down from unilever, which is suing the start up over its eggless product. Claims that the word mayo is misleading. From the ceo. Nse we never started the dam thing to be an alternative or substitute. We started it to be right there in the honda meant ill are cookie aisle when we do that with everyone else. We think thats how i did big wins. He says hamden creek is signing to countersue unilever. Er and spotify strike a deal subscribe too spotify premium will be able or tracks play their no comment after taylor swift pulled her content from spotify. Now to our lead in the workplace. Some Companies Even block employee access, but now facebook is trying to break into the enterprise market, testing a new product designed for workers. It is called facebook at work and allows coworkers to connect with each other using the traditional facebook tools like messenger and newsfeed. This is according to a person familiar with the matter he says it could debut publicly in the next few months. If it goes ahead, what does that mean for Companies Like linkedin and microsoft which bought yammer for a billion dollars . Cory johnson is with me in the studio. We have the author of the face theeffect close companyk effect. Your provides social tools for businesses. How big a deal do you think facebook at work could be . Hi, emily. I spent years trying to explain to investors why facebook would like you said,so yammer was basically founded to bring social networking inside the enterprise. I think it is a real business opportunity, but i think there are a bunch of reasons to wonder whether facebook would do rything it needs to do reasons like what . To be crisp about what the market is, its for businesses to outsource their internet to be run by facebook. That is the Software Businesses are looking for. The reason we thought that would happen is because employees do want their internet to look and feel like a social network. Has thedoubt facebook design expertise to do that, but ill do wonder on the Security Side if they are going to want to do all the things that Companies Want them to do and theres a question about whether they can convince enterprises and employees that none of the content would be comingled with the consumer facebook and explain to people how these products are separate. It would be a headache for them. Issue and theres the question about whether there a Business Model for them. They would have to sell it and that Enterprise Sales is not something facebook has done in the past. Let me ask you does this signal expanding ambitions for facebook . Facebooks ambitions have the exception of withgram and whatsapp, much approval at work, certainly most people do use facebook at work and some companies block it. There are a lot of reasons why facebook would want this to happen. Has goodavid sacks points as to why companies why might want to be cautious. It is something that has up to now been rejected for up to six or seven years. People andsomething companies are going to be interested in using or is it like google launching google plus and facebook launching grass search, trying to get into whereothers territory there is already a monopoly . I think companies do want to use social networks that work but you also want applications on top of that that employees need at work. World, photos is the killer app on facebook. In the business world, it has to be something different. I think that something is probably filesharing. In order for this to work, facebook would have to develop not just the basic social features, but have to invest a lot in filesharing or other applications and that would take so itnto a drop box, sounds good on the surface. If they want to go down this path, they really have to commit to it and make it a sustained an element priority for years. Toont know how core it is them if they really want to do it. David kirkpatrick, someone reid hoffman,nd the founder of linkedin has said for years that people want their professional and personal identity separate. But do they want separate companies to pursue these identities . Thats a good question and lets face it linkedin is not trying to do this exactly. They are doing great things and the fact is there is no monopoly at this point. Most companies do not use internal collaborative tools. Despite the fact that yammer has done better than anyone else, it is now owned by microsoft. Theres not a major player that commands the marketplace because most companies are very poor at managing internal collaboration. Most people still live their lives on email, instant messaging and texting. That is images and inefficient for the world we are entering when some bunnies need to innovate much faster. I think there is a market and the fact that people are on facebook and know how to use it is promising for this kind of but theres another issue which is Companies Want to hire young people and be cool for young people. If they can say to their potential hires that you can come here and do everything you do normally on facebook to work in our company, that can be appealing and i would see why companies would like it. How would you respond to that when you think of the companies that overlap, whether it is is there ane opportunity here . I think there is a market opportunity. I think facebook is going to learn a lot of things we figured out which is that sales is important and having Business Applications is important. They would give it away. Keep in mind. If they give it away, is there something to be had . Companies dont have to pay for it. Model ifs the business they are going to have to devote a lot of their development roadmaps, building the apps and features a need to compete with these other players which would include microsoft and salesforce you are effectively giving away their social networks for free as part of the bundle . Whats the business reason for doing that . Especially if they are separate products. Main basicnot be the product, this would be a completely separate product that looks and feels like facebook. Im curious why they would do it. For advertising . We will have to leave it there. Thank you both. We will continue to follow it as we learn more. Apple just opened up its app store to 4. 5 billion chinese credit card holders. Users of the most popular payment card in china can now make purchases in the apple app store. Apple struck a deal with China Union Pay for one cap purchases. Union pay has a monopoly on Bank Card Clearing in china and has issued more than 4. 5 billion credit and debit cards around the world. Will it help apple win even more customers in the worlds most populous country . Brian buchwald, ceo of a provider of Business Intelligence for western brands looking to succeed in china joins me. This is an interesting deal. We know that apple, tim cook and have been talking, but what is the significance of this . This is a nice surprise and i think its much more important pay deal. N even and ali its basically a Clearing House for about 4. 5 billion cards and gives chinese users access to the apple store like we have in the states. Rather than having to go through a cumbersome process to buy and leverage and cap, its as simple as it is for us in new york and san francisco. What is the phenomenal difference between the way people in china are paying for what they are buying, whether its in stores or online than the u. S. . Im always struck by europe ersus the u. S. China was very much a savings culture not a credit economy. People usually paid with cash. What alibaba has been able to do is take that model and bring it to mobile devices and other places. We have also seen the rise of a credit culture in china where now middleclass and wealthy consumers are buying with credit cards will stop that is what makes this feel so important for apple and important for China Union Pay because the Chinese Consumer can seamlessly by with their debit card from apple just like they can again here in the process theyhis were going through for quite some time. Thisat is your take on deal . Is it something thats not too far behind . The truth is its a little bit like saying what is the importance of paypal and apple deal once you have deals with visa, mastercard and american express. Its helpful and will get leverage, but the thing about a middleman they have cut out the middleman. Now it is the bank working directly with apple. It lessens the need for that partnership. Buchwald, we will continue to follow this story. Data is collected every second by the Weather Channel companys 64,000 stations. We will be back with how one cloud in particular is helping the Weather Service keep its forecast accurate. Welcome back. Im emily chang. The Weather Company, best known for the Weather Channel relies on her new kind of cloud for 3. 2 billion forecast locations. Partnered with Amazon Web Services to analyze massive amounts of Data Collected from over 64,000 stations around the world. Cory johnson checked in with the Weather Company chief Information Technology officer. Everybody knows the Weather Channel. It is a great asset, but we have expanded into the digital space. 170 million downloads of our app around the world. A massive api platform and 150,000 transactions a second powering ils eight. Samsung, dell, microsoft you name it. Aviation, energy have you built this from the ground up . How has this company come together . It basically has been built from the ground up. We have a Big Partnership with to movend our ability our infrastructure and resources. Science is ours, the Computer Sciences hours. Weve brought the best of the atmospheric and Computer Science together to create the worlds best Weather Forecast on the worlds most scalable data platform. This is what the business looked like before you went to aws and what it looks like now. We were focused on our own businesses and focused more internally. As we have expanded that and have publicrmat to facing api, the power of most of the weather apps that you see, the power of the mobile devices running ios eight and google now , and enabled android, we are more outwardly focused around helping take our data what do you mean . You always focus on the customer, so what do you mean youre more outwardly focused . Were helping other people take our data and use it in their business will stop if you are in the mobile space, the default widget on the iphone is our data. We did not build that out, but we are providing the data and it. Nce behind its behind it takes weather data and consumer data and intersex that to give you the right ads at the right time and right place. Like copper tone when its sunny and umbrellas when its raining . Its a little simplistic, but yes all stop it can get really detailed think about beer sales. Be impacted by weather and so can umbrella sales or cantaloupe sales, hairspray everything. There isnt a product or good or theice that is affected by weather every day. I would imagine that by i. T. Hassles to amazon come you to focus more. We do get to save money. What kind of savings are you talking about . Some of our services are two thirds less. It is significant. The impact of money savings is important. The ability to deal with it, we had her teen data centers. 13 data centers running every type of code imaginable. We did get it the commission. We cannot help aviation customers, media customers come insurance customers, energy customers, retail customers we cannot help them with their business and understanding how their consumers are being impacted. Is reliability a different issue on the cloud . We run our environment in four regions around the world. We are built from the ground up to withstand individual outages. A run 150,000 transactions second and a Global ReactionResponse Time so that we can withstand spikes as well. Does an event like Hurricane Sandy does that allow you to scale up and go away . Traffic, weale in have sunny days, cloudy days and stormy days and our traffic patterns very. In the btb space, its more consistent. Is ready consistent. Our forecasting model runs pretty consistently. 3 billion locations updated every 15 minutes. The worlds most accurate forecast. Weather we have mobile apps or webpages, those really spiked based on the weather conditions and the traffic. Weatherjohnson with the company chief information and Technology Officer at the Amazon Web Services conference in las vegas. Up, kevin rose launches his latest venture. We will speak to the Google Ventures partner, next. It is 26 minutes past the hour, that means bloomberg tv is on the markets. Lets look at where stocks are trading a mixed session and it has been mixed throughout the day will stop the dow and s p are higher but the nasdaq is lower. Corporate earnings on the one hand helping to support some stocks and on the other, we have worse than estimated economic eta in japan as well as here in the United States. In terms of individual movers, shares of tyson food having their best day in almost six months. The largest meet profit processor report estimates that beat analyst reported earnings that beat analysts estimates. They say millenials are helping to drive demand for chicken. We will have more on the markets later. You are watching bloomberg west. Im emily chang. Is bigger always better . Kevin rose doesnt think so, necessarily. Is thender of digg founder of tiny. It allows users to send tiny photos and videos and its the first app to come out of his mobile incubator. Tiny 2. 0. Is launching he joins me now from new york. Tiny . S it seems a little instagram, vine, twitter combined. How do you describe it . When you think about some of experiences, they are very curated and you get time to get the filters right and describe what you are doing. This is about capturing this quick little moment. You cant enlarge it and its tiny things that live in your profile. A great example is last night, Ashton Kutcher came on and posted a photo of his baby and he did not want that blown up for all over the internet, it was a tiny thing he could send to people he cares about. How does it compare to Something Like snapchat, where you are sharing more crude or less edited moments . For us, its not really about that privacy. We have a model where you can come in. People are doing animated things over and over theres a bunch of things that you dont want to post and take the time to filter and we are not trying to compete with that. For us, there are a ton of Little Things you do throughout the day, whether you are showing your friends youre having a good i were having a beer. Its a tap and hold that gets pushed out to everyone. You also launched an app that tapegates news from cap wristwatch blogs. Why do you think this could be a big deal . Theres always a room for handcrafted him a niche markets. The internet is good at collecting all these people and bringing them together under one roof all stop there are large and enthusiastic logs whether youre talking about, and took collect jerseys or collectors of air jordans rich watt wrist watches are something that hundreds of thousands of people all over the world are very into. The luxury good space in general has not been touched. This is anything from vintage handbags to luxury watches, you name it. Whats, its an explanation its like to create a best in breed new zap along with tools for watch collectors. This is our first experiment in the luxury good space. People could say that it just another photo sharing app. Im curious to hear about your strategy when it comes to north you are trying to build apps that sink or swim . We went out and we were creating a new app every two or three months. We just wanted to get something out there and see what the traction is like. Now its even quicker to launch new projects. We are not pretending that we have the silver bullet. We just want to try a bunch of crazy ideas. If something doesnt work, we can pull it out and we just want to get something our users hands every few months and see if there are tractions. We will double down if it starts to take off and grow the team from there. You have a long history from cofounding digg to now. Ive heard other entrepreneurs say im just waiting for my unicorn, like my facebook or my twitter. How do you think of that as an entrepreneur . Added you have to go after things you are passionate about. We were sitting around and we realized that to post something new, it takes 45 seconds to a minute where you get the filters and get just the right angle or whatever it may be. What if we could remove all of those steps and take all the anxiety out of it will stop it was a personal passion, something we wanted to explore and i think it goes with the collectible space will stop the best entrepreneurs are always scratching their own itch. Something you know to be true that other people dont and you want to explore that and see if theres something there. How are you feeling since you left .