Transcripts For BLOOMBERG Bloomberg West 20141124 : vimarsan

This according to a person with knowledge of the matter who said the breach is under investigation. The source says the hack is being linked to a group called guardians of peace and that the incident began when a picture of a skull appeared on Company Computer screens. They are delaying aggressive plans to expand into five more countries this year, this is according to the companys president. The phonemaker is talking about boosting production in market like brazil and india. They also may consider manufacturing in indonesia. Fans of star wars will be able to get a glimpse of the newest film in the series this thanksgiving weekend. The director, j. J. Abrams, confirmed plans to release the traitor today on twitter, regal entertainment, amc and sin mark are among the chains that will run the previewtor star wars the force awakens over the weekend. To our lead. Samsung electronics is considering a major leadership shakeup. The management restructure will be part of a revamp across the more than 70 companies that make up samsung group. The moves are the latest twist at samsung, as the lead family restructures its empire and prepares to hand over power to a new generation. As part of the move they plan to cut the number of new smartphone modesse by 1 3 and has already transferred 500 engineers out of the mobile unit. According to the wall street journal, the head of Samsungs Mobile Division could be repleased by the coc. E. O. , who currently oversees samsungs appliance and tv business. Under shin they reportedly sold 45 fewer galaxy phones according to the can squournl. This on top of the companys dismal profit drop has quarter. What could the shakeups mean for the future of Samsung Electronics . Earlier i spoke with the Research Analyst via skype from boston and sam grobber from bloomberg businessweek. We talked with the unique structure. Samsung electronics is divided into three parts. It is the Worlds Largest electronics company, so big enough to support three executive. J. K. Shin has been in charge of the mobile business. And then yune has been in charge of the appliances, and another who handles semiconductors. What were seeing here is the possibility that mr. Shin, who had been presiding over a successful Mobile Division until recently, may know longer be in that role. So talk a little about b. K. U. Why does he deserve hes been running Home Appliances and tvs. Why should he be in charge of mobile . Well, it has to do as much with one persons talent as it does coming together. E lines are blurring between home technology. Oon has some thinking that maybe your smartphone, Home Appliances, all of these things will be working together anyway, may as well be under one leader. Crawford, how much does samsung have to worry about, here, really . Shin has presided over the incredible rise in mobile as well. Thanks, emily. They have a lot to worry about. Theyve lost 12 points a share over the course of the last year, quarter to quarter, q3 to q320132014. Their u. S. Share has been more stable. But in the smartphone business over half the market is a. P. , including japan. So around the world, theyve got a business thats really shifting. And i think the key message here is the smartphone business that they grew up in, is not the smartphone business were going to see going forward. New competitors, new modular competitors. And who are the real competitors that were talking about here, aside from apple . Is it lenovo . Last quarter shaumi had 212 growth year over year. So you see that now all of a sudden they have shaumi. Apple is as well a significant competitor, primarily in mature markets for the most profitable customer. Samsung is one of these companies that if i lays their products all over and fillets their products all over. I would argue they need to consolidate their products, come up with more iconic products so they can start winning back their profitable customer. One of the reasons theyre losing shares is because apple was so late with their product cycle. Now that apple is out with a largerscreen product, samsung is really feeling the pinch there. Sam, how often does samsung do big reorganizations like this . Didnt they do one at the end of december . How much is this really based on whats happening in the market right now, and how much does this just happen at samsung . Youre absolutely right, emily. The company is constantly moving large numbers of people around. They just recently announced theyre going to ship off some hundreds of engineers from one division to another. They want to remain agile and ahead of the curve. Its obvious that the mobile business is not what it was even one or two years ago and they may be trying to make more Strategic Decisions based on that new reality. Is b. K. Yoon the only candidate that we could possibly identify to lead mobile or are there other rising stars . As far as we know right now it would be consol dating under yoon. I have not heard of anybody else rising to be considered. This would bring together two major parts of the company under one leadership. Crawford, how nimble is a company like samsung . Can they really its a gigantic company. Can they make the changes that youre talking about . Well, they can certainly consolidate the product line. But its going to be difficult for them to be nimble. Again, they grew up in a smartphone world where it was one of these situations where being heavily vertically integrated meant they could have a cost advantage. Now the game has changed. Its moved much more toward design and tuning products for specific regions. So i think theyre going to need Stronger Leadership and quite frankly, leadership in korea thats going to listen to that regional leadership to be able to tune products, fewer products more effectively to the need of specific markets. And, sam, the fact that hi remains in poor health condition, how much is that impacting whats going on here . I dont think its impacting it all that much. The company is well set in terms of what its trying to accomplish and recognizes the challenges that it faces. So this is simple math, basically. The numbers arent going in the direction they would like it to. To some degree theyve expected this. I believe that samsung realizes that the mobile market is always changing. If youre playing the game of being the cheaper producer, theres always the possibility of an even cheaper one and thats what were beginning to see. They may move more into a supplier position as they do as much of a branded leadership position in mobile. Sam grober, who covers samsung for it, thanks so much. Crawford, thank you as well. Well, the alibaba i. P. O. Brought in millions for yahoo . What will marissa mire do now . Up next, the c. E. O. Shares her thoughts on it all. Im emily chang and this is bloomberg wes. Its been nearly 2 1 2 years since marissa mire took the reins. Shes focused on media partnerships, the move to mobile and so much more. Questions rehain about the companys future. What about the criticism from investors . I sat down with the yahoo c. M. O. , kathy savitt, to discuss all of these topics and began by asking the ageold question is yahoo a tech company or a Media Company . Take a listen. Yahoo , from its very beginnings, has always been steeped in technology. Just believe in using our Technological Innovations on the things that people consume and enjoy every day. Some of thats media, some of thats email and communications, and some of thats been about the neverending quest of curiosity about discovery and search. Would you say yahoo is a technology and Media Company . Its a customerfocused company that uses technology to innovate in media, to innovate in communications and in discovery. Steve jobs said i think on that youe to really figure out what your customers want, what they need, and to focus on something where you feel you can deliver uniquely. And thats what yahoo , i think, has done since its inception is focusing on those digital daily routines and actually innovating on them and making them delightful. S l, you originally were able to sell ads against them and you no longer do that. How big a loss is that . Snl is a terrific franchise. Our users will continue to enjoy watching the full archive of clips on yahoo . Were no longer selling the advertising, but weve instead really been focusing on the original and partner content that weve invested in, in 2014. How are the digital magazines stacking up against what you see on the newsstands . Weve been really excited about the progress and the growth. You know, we have 10 magazines live now. So our oldest magazine is only 10 months. Our youngest magazine is about three weeks old. Already they are eclipsing certainly on the desktop side many of the standard competitors that have been in the space for years and years and years. The growth as we now take these digital magazines on to a mobile platform is really exciting for yahoo . Whats it been like working with marissa for the last several years . Explain your working relationship with her. Marissa mire is one the true innovators i would say in Consumer Technology and just in america and in our global business. She is a productfocused c. E. O. Who has really helped us figure out, how do we take these products, whether its in search, whether its communication, whether its in media and really connect with users in new ways. And that has been an utter privilege and delight for me to be able to be on her Leadership Team and its also been a lot of fun, because i think shes put together a team of executives around her that are passionate about making these daily habits inspiring and entertaining and passionate about connecting with users again and putting them first. Shes been under near constant pressure since she took over, whether its sfr investors or from the press. How fair is that . I think in many ways marissa has always been heads down and focused on yahoo s users andria whos customers, whether its our end users, whether its our advertising agencies and our advertisers, or whether its our shareholders, and i think thats been her compass since day one. So i dont notice any difference. I think its amazing. We are so headsdown focused on our core audiences that the rest really is noise. Its about trying to innovate for our users, innovate for our customers, and if we really focus on our users, we think that good things will come. So you mentioned the noise coming from investors and potentially the press. How confident are you that marissa and the executive team can quelf some of that tension . Quell some of that tension . Its about executing and focusing on our users and our core audiences. At the end of the day we need to spend our time delivering. Again, for all of those users, those advertisers and their shareholders. And we think that people will be focused on our results as opposed to on anything else. How do you think the board and management will handle the alibaba tax questions . I think the both marissa and ken have been very straightforward in saying that we are going to answer that question before the end of january. But certainly we are going to have our shareholders best interests at heart and feel very committed to returning value for our shareholders. My interview earlier with yahoo c. M. O. Kathy savitt. Well, highly complex and secretive surveillance tools monitoring around the world. We talk to one researcher whos uncovered the fearsome bug next, streaming on your phone, tablet,. Welcome back to bloomberg wes. Im emily chang. A new cyber surveillance tool is targeting governments, companies and individuals around the world and it is virtually impossible to detect. There may be says a bug behind it, which is a complex piece of malware whose structure displays competence rarely seen. The bug has been used since 2008 and has targeted 10 countries. So what kind of intelligence gathering is region capable of . Hes one of the researchers who worked on this report and joins us now via skype from l. A. Liam, thanks for joining us. You were one the earlier researchers, so tell us about this new bug, how you found it, and how bad it is. Yes, exactly. Its very similar to what we saw before, a very sophisticated, very advanced Malicious Software which would take a very, very long time to develop. We started looking at this about a year ago and its taken us that length of time to try and put all the pieces of the puzzle together, because its very difficult to collect all of the pieces. Were capable of doing all sorts of malicious activity and the attackers can plug in modules according to what they need. If they want to steal your key strokes, they can do that. If they want to look at your screen, they can plug in a module and do that. If they want to connect to g. F. M. , power stations, they have modules that can do that. You say targets saudi arabia, ireland, have been hit hardest. Any idea who could be behind this . Could the United States be involved . Thats a good question. We always look for that sort of information inside threats. Unfortunately, we didnt find anything that could indicate exactly whos behind it. But those are the types of countries that youd imagine would have the resources and intelligence to be able to put Something Like this together. We spoke with the security researcher, brian krebs, who talked a little bit about the state of cyber war around the world. I want you to take a listen to what he had to say. I would argue that were in a cyber war every day with other nations trying to get access to our research and development. Were talking about stuff that costs tens of billions of dollars over many, many years to develop, or you can just steal it. That was in response to a question, could a cyber war be world war iii. What would you have to say about the state of cyber warfare today, liam . Is it world war iii already . Well, when we saw stuffnet that, opened peoples eyes to whats going on and whats going on. We had physical destruction of equipment. We continue to see these sorts of campaigns, large spy governments against other countries and against telecoms, against individuals, that are really capable of stealing absolutely everything on the computer. Thats the world that we live in today. I wouldnt say its world war iii, but certainly there are lots of countries doing this. Theyre very, very capable and theyre stealing all sorts of things. So how worried should governments be, and what should they be doing right now to protect themselves . This is definitely something that governments need to be worried about. In the case of region, weve seen third parties as well. When youre dealing with these sorts of threats, its been most difficult and the most advanced threat to tackle. Companies like symantec, ourselves, are focusing on ways to improve technology. Definitely you need to be patching regularly and be aware of your security installments and Security Software that will help you deal with these sorts of threats. This bug has been collecting information for six years. Is there any way to get rid of it or destroy it completely . Thats right. Yes, it has been active for six years, which is an extraordinarily long time to be able to stay secret. That shows you the length the governments are going to to try to conceal their work. Really what you need to do in this particular case were able to analyze it and protect against this type of threat and were analyzing the cuttingedge threats all the time to stay up and get a leg up on the attackers. Liam, thanks for joining us today on bloomberg west. Sounds serious. Another story well continue to follow. Telecom Companies Race to outbid each other for wireless spectrum. With a 34 billion already, will these massive investments pay off . Thats next on bloomberg west. Lets take a look at where stocks traded. Another record for the dow and for the s p 500. As we sort of enter this drumbeat period to the Holiday Shopping season. Consumer discretionary stocks were the best performers within the s p 500. The dow flirted with negatives, but finally finished the day a few points higher. Wfl back to bloomberg west, im emily chang. We have breaking news now. A missouri grand jury has reached a decision in its deliberations over whether to indict a white Police Officer who shot and killed unarmed black teenager Michael Brown in ferguson. The missouri governor, jay nixon, is expected to hold a press conference any minute now. For the latest, well bring in bloombergs matt miller, whos at the breaking news desk. As i understand it, the governor is not going to deliver the decision. Thats not coming till later. Its an interesting decision by Governor Nixon to hold a press conference at 6 30, and then were not going to hear a decision until 2 1 2 hours later, because we wont get it until 9 00 p. M. Eastern time, according to the courthouse in st. Louis. So im sure that hes going to probably urge, as president obama has, citizens to remain calm in protest, but im not sure what hell say about the possible verdict. As you know, 12 grand jurors have been grappling with this decision since august 20. Its been really a monumental grand jury because theyve been allowed the power to subpoena witnesses, including officer wilson himself, who is the officer in question here. And theyre looking at four possible charges for him, starting with seconddegree murder and going all the way down to involuntary manslaughter. They just need to find probable cause that he may have committed one of those four crimes in order to indict him. But its not clear whether they have enough information to do so. There have been three autopsies on the body of Michael Brown. One of them conducted here in new york at the request of browns family, which found at least one bullet entered the top of Michael Browns head. There wasnt any information about the possibility of gunpowder or any residue on his body from that autopsy. But there may have been from another autopsy in st. Louis. We dont have the public that information. The grand jury might have that information and that would be key probably in deciding whether or not we get an indictment handed down. Emily . Matt, as we understand it, obviously ferguson, missouri, has been on edge for the last three months. And on this day in particular, especially to say the least, shops got windows boarded up. Protests ready in different states. What have they done to prepare . They have had serious protest theres for weeks and weeks and in some cases, it continues on to this day. There wasnt, i dont think, as much violence and looting there obviously was some, and one Convenience Store was burned. There were molotov cocktails that were hurled. But im not sure if a lot of people are saying maybe store owners are overreacting in boarding up their stores. On the other hands they may have been through this a few months ago and they dont want to see it happen again, so taking precautions may be a good idea. Because you can bet that ferguson is on edge. And if no indictment is handed down, certainly you can expect more protests than if an indictment is handed down. On the other hand, if an indictment is only handed down for involuntary manslaughter, the protesters may feel just as angry and not feel that justice has been served. In any case, obviously someone is going to feel wronged and someone is going to feel relieved. There are obviously two sides to the story, but certainly ferguson has definitely been on one side of that for the most part. I also want to bring in a reporter thats been on the ground for us in ferguson, missouri. Can you give us an idea, what is the theme like there . What is the feeling like on the ground . Its a sense of anticipation. Theres a lot of anxiety in the air. You can kind of sense that something is coming. But on the ground, things are relatively calm. There are a small group has started to form in front of the Ferguson Police department, where there have been protests not only for the last several weeks, but that group is starting to form and starting to make stands and people are honking their horns as they drive by. For the most part things are relatively call and everyone is just waiting for this decision to be announced. What can you tell us about how Law Enforcement has planned for this . Actually, were going to get straight to the governor right now, who is speaking in st. Louis. Lets take a listen. County executive, charlie dooley, missouri director of ublic safety, dan isham. Later this evening the prosecutor will announce the grand jurys decision. While none of us knows what that will be, we share hope and expectation that regardless of the decision, people on all mutual w tolerance, respect and restraint. Earlier today i visited with some folks in ferguson and its understandable that, like the rest of us, they are on edge waiting for our decision. They are doing their best to go about their daily lives, conduct their business, and support one another in their community. I also spoke with a number of faith leaders late this afternoon who offered their rayers for peace and safety. Together we are all focused on making sure the necessary resources are at hand to protect lives, protect property, and protect freedom of speech. Several churches will provide food, shelter and medical care throughout the area. Mental Health Providers have teamed up to help ease the emotional strain that these events have caused. These Health Professionals are working right now to provide counseling and other services to the people that need them. Law enforcement officials continue to maintain open lines of communication with protest leaders to improve the interactions between police and demonstrators and prevent violence. I want to thank my director of isham for y, dan taking part in these ongoing discussions. Law enforcement and state agencies are continuing to work handinhand to make sure the best, most experienced officers are on the street. The men and women of the National Guard will also be in the area to provide security at critical facilities, like firehouses, police stations and utility substations and offer logistical and transportation support as needed. This will help free up Law Enforcement officers to do their jobs effectively. In closing, id like to reiterate my call for peace, respect and restraint and thank everyone out there who is working hard to make sure communities throughout the region are safe and secure. Id like to now ask county executive dooley to make a couple of comments and then well be glad to take a few questions. The county he can executive of st. Louis county, charlie dooley. Let me say good evening to all of you. I do not know what the prosecuting attorney would have to say this evening, but i do know this no matter what is announced, people will be emotional. I want people to think with their heads and not with emotion. No matter what, we have to remain focused on our longterm systemic changes that have to take place in our community. Our immediate priority is to ensure that people are safe and able to voice their concerns in an orderly fashion. Police and Community Groups have been working for weeks to ensure that rights are protected. We are committed to the escalating negative situations in a responsible manner. I do not want people in this community to think they have to barricade their doors and take up arms. We are not that kind of a community. I do not want people to accidentally shoot or harm someone out of fear. This is not the time to turn on each other. It is a time to turn to each other. E are one community. Again, our main priority at this time is to ensure that we keep peoples face and protect property. We intend to do that. But it is to be said and to be clear that in achieving these objectives, we recognize the ght of people to peaceably free e and to respect speech rights. As long as safety and security are not jeopardized. I personally believe that people in this community will do what is right. In october there were thousands of people here peaceably protesting and expressing their views. No one was hurt. Many, many people have spent countless hours working on ways to manage this situation once the grand jury decision is announced. And now is the time to show the world that we can act without being destructive. I am confident that this will be a fact. Thank you. Thank you. Ow the great leader of the great state of st. Louis, the mayor. Thank you, governor, and good evening. St. Louis is a region that endures during challenging times. We have seen it time and time again. We have seen it in the face of personal tragedy and weve seen it in the aftermath of natural disaster. We face one of those times today. What happened to Michael Brown has deeply divided us. Whatever is announced this evening, some people are going to be angry and frustrated, and some people are going to be angry and frustrated about that. My message to the protesters we will protect your right to peacefully assemble and to speak your mind. Like last night, we will give you leeway to occupy Public Safety and we will listen to your grievances. But turning violent or damaging property will not be tolerated. To the people who disagree with the protesters, the actions we are taking are designed to protect you, to protect your family, your homes, your businesses and your neighborhoods. That is our paramount concern. Over the next few days we expect to see st. Louis loudly nd passionately expressing their views. We expect to see some of the best Police Officers in the country protecting their rights and keeping everyone safe. But after that it will be time to heal, to close the racial divide and to make st. Louis a better place for everyone regardless of race or color. We all may experience some inconvenience during the coming days, depending on the circumstances. We may allow demonstrators to slow down traffic, but we will not allow them to hurt anyone or damage anyones property. That is how it went last night in the shaw neighborhood. It wasnt perfect. There were two acts of vandalism, but there was no other Property Damage and most importantly, no one was seriously injured. When president Abraham Lincoln first proclaimed a national day of thanksgiving in 1863, its worth recalling that he sought to help a nation heal and to Work Together toward the promise of what he called a large increase in freedom. The world will be watching us. Theyre going to watch how we handle our disagreements in the coming days and how we make needed change in the coming months and years. St. Louis finds itself with an opportunity to show the nation the ways in which a community can be more fair and more just for everyone. E must seize this opportunity. Now, one more speaker and then ill be glad to take questions here. The director of Public Safety in the state of missouri, director dan isham. Thank you, governor. I spent my entire life as a resident of the city of st. Louis and served 24 years as a ember of the st. Louis metropolitan police department, retiring as chief. And the missouri Highway Patrol has spent the last two months planning and training for the anticipated reaction to the announcement to be made in the next few hours. We hope that officers will only observe peaceful protests. I have great confidence in the design of this plan. It has prioritized keeping all people safe, residents and protesters, the protection of property and ensuring that people can exercise their constitutional rights. I also have tremendous confidence in the men and women in st. Louis Law Enforcement. They understand the importance of protecting everyone, and i know they intend to do so. I also have great confidence in the people are my community. A tremendous dialogue has begun to take place here about more than just policing. This community understands that through peaceful protests and through dialogue we will continue to grow. And that violence will set to progress back. We must continue to move this community forward, and i have confidence that that is exactly what we will do tonight and in the days ahead of us. Now ill be glad to take questions. Governor, im wondering, was there any thought of delaying this until tomorrow morning . Seems like the element of darkness at night makes it possibly more dangerous for the protesters, if they do show up for the Police Officers as well as people just standing around. Those were decisions made by the st. Louis county Prosecutors Office and that is who made that call. Governor, what would you say to the thousands of people, the millions of people around america who felt like the government has failed them and that the system has failed them over the last 3 1 2 months . Well, our focus is not about what happened over the last 3 1 2 months. I think the last 3 1 2 months has provided additional training, additional sensitivity and additional knowledge on everybody in front. Our focus today in the short run here is to protect lives, protect property and protect speech. And in the longer run, as the mayor said, to find paths for progress. So our focus is on those clear principles as we move forward. Yes, maam. How are you going to move forward . What steps are you going to take . Tonight is about the peace pieces that are in place to do what we need to do. All of the folks behind me as well as significant leaders in the community have begun that process. I had a chance before i came in here i had a Conference Call with a number of faith leaders who are working deeply and with long hours to do just that. We have the office of Community Engagement here, with senator coleman, doing that on a daily basis. All of these folks behind me have been outreach in the community, listening and working. And also the commission ive appointed. I fully expect with their independent voice and their ear ability to chart a longterm path forward that we will all have suggestions to lead us in a positive path moving forward. Have you ruled out the use of Armored Vehicles and tear gas . Im not going to get into operational details. But the bottom line is that the police have been trained, as the mayor said, to make sure that we are respecting peoples rights to communicate and that allowing them to do that. However, on the other side, if people are violent or threatening property, then resources will be used to manage the issues. Yes, sir. Do you plan to stay in the area in the coming days . You know, ive been here 24 7 the last eight days and well be here tonight and as long as it takes to make sure that we move through this particular phase, whatever it may be, into the next phase. Weve got time for one more question. Excuse me, governor joe, here. Would the lack of an indictment be a justification of Police Violence and lead to hold on, this man is first. I might ask you, you need to let the alternative press speak here. Im from revolution newspaper, larry everett. So would a lack of indictment mean fear from black people all over this country and effectively a green light to further Police Violence . And second, i would like to pose to you how you would respond to the call by carl dixon and the others from the revolutionary communist party that if he is not indicted for murder, the country be brought to a halt through energetic civil disobedience by millions of people. I do not know what the grand jury has ruled, nor do i know what the prosecutor is going to announce at 8 00 tonight. Yeah, joe. Can you say now roughly how many National Guard will be at least on standby . I know the mayor has said before hes asked for 400. How long do you think they may be needed . As i said before, well have guard resource here that will play a support role. For example, providing utility substation security. As we know on halloween the power went out here in ferguson. Most of the proof would indicate that that was not accidental, nor was it a squirrel running down a wire or whatever happens sometimes. Also, Police Substations and stations, the guard can provide support roles there, so those Police Officers can get out into the community and also things like firehouses, where, if called upon, both e. M. T. And firemen need to get there and provide security. In support roles like that, the guard will be out there. Our hope is that it is for a shorter period of time, as is necessary, and that that backup role is all that will be necessary. Thank you all very, very much. Governor jay nixon in st. Louis urging calm, urging Mutual Respect and restraint. Other st. Louis leaders urging people to think with their heads and not let emotions get the best of them today as this announcement is made. I want to get to our chief washington correspondent, peter cook, whos in washington now. Peter, first of all, how much is riding on this nor Governor Nixon . Well, hes been under a lot of pressure. Youll remember, emily, that he faced some criticism when these events first erupted in august, the accidental shooting death of Michael Brown. That maybe he wasnt engaged enough. Clearly hes trying to address that this time, not only with this news conference, but we even get the news the fact that he doesnt each have the news himself, yet hes still out there taking this action ahead of time, urging calm, as you talked about and also notifying and activating the National Guard as well in the state of missouri. Those are preventative steps this governor has taken. Theyve been controversial to some in missouri as well that he was escalating tensions. But there is a lot riding on this for Governor Nixon. He has a national spotlight, even an international spotlight on the state of missouri, on this community and on the governor himself. I want to get to our correspondent whos been covering this for Bloomberg News on the ground in ferguson, missouri. How likely is it we know that there are protests or demonstrations planned not just in ferguson, but across the country. This decision is going to come down long after darkness has fallen on ferguson. How likely is it that calm will remain whatever the decision is . Based , we evaluate it on whats been happening here the last few days. Things have been peaceful. Theyve been somewhat disruptive. People have blocked the streets and blocked traffic for temporary amounts of time, but there has not been violence. There has not been mass arrests. So if things continue in that vein, then were likely to see continued peaceful protests. But the decision that everyone is waiting for can be seen as sort of a Tipping Point or something that could really ignite a lot more people behind peaceful protests and bring others into the group. That could bring a little bit of a violent element. Thats what the police are preparing for. So far things have been peaceful and everyone here on the grounds are saying they expect it to remain that way. Based on what youve seen, weve just heard some of the plans outlined by the governor. Based on what youve seen, do you think the city is ready for whatever happens tonight . Well, the city and the state have been meeting. Theyve been doing training. I think they have prepared as much as possible. So i dont expect them to be caught unaware. Theyve had a lot of dry runs, a lot of smaller protest that is theyve used as a training ground. And i think that it will be pretty peaceful based on the citys preplanning of this. The president has been very involved in this situation. Who can forget he was on vacation when this incident initially happened, and he took breaks to speak with the public. What kind of reaction are we expecting from the white house . Will the president speak . What is the white house bracing for . Well, the white house is bracing like the rest of the country for the possibility of violence, but certainly encouraging the peaceful protests. The president himself speaking sunday in an interview on abc, encouraging calm, encouraging peaceful protests, no matter what the decision is here. But i dont think we should expect the president to speak this evening. It came up at the briefing today that the president is not expecting to speak. The time makes it difficult, 9 00 eastern time before we even learn the news. You can be sure the white house is watching and if they feel it would make a difference, maybe we could see the president. But we also expect, emily, to hear at some point most likely from the attorney general, eric holder, whos been more involved than the president , traveling himself to ferguson, meeting with community members, including the parents of Michael Brown. I would not be surprised to see eric holder play some sort of role in the coming hours. We still have never heard a public account from officer Darren Wilson about what exactly happened on that day, and accounts seem to differ widely. It seems plans have been made, depending on what this decision is, how he will turn himself in, how he will potentially resign if he is cleared. Tell us what steps will be taken once we know the decision that this grand jury has made. Right, if there is an indictment, the special prosecutor the prosecutor has said that we will know all of the evidence that was presented to the grand jury. So we will know Darren Wilsons account either in a courtroom, if there is an indictment. Hell be arraigned, brought through the process and eventually go to trial. If not, he will be allowed to go free, but the prosecutor did say that he will release all of the evidence, all the information and we will eventually know exactly what officer wilsons account is of at happened and that will that will appease some people, but for others, they believe hes guilty and theyre likely to take to the streets if hes not indicted. Quickly, i want to get back to matt miller in our breaking news desk. The timing of this announcement, 9 00 p. M. , late into the evening is what the governor said. He said that was the prosecutors decision. What do you make of that . It doesnt seem terribly intelligent. Emotions run higher at night. Its dark and more difficult to enforce the law. I would imagine it makes it more difficult for the police to do their jobs. Its 8 00 p. M. Local time, still dark in missouri. Why would they make that kind of decision . Its too late for even the president to respond. I dont think it was terribly well thought out and possibly the decision was just getting pushed later and later and later into the night. Were going to have coverage of this throughout the evening. Stay with bloomberg television. Bloombergs matt miller in new york, peter cook in washington, and our correspondent in ferguson, missouri, thank you all. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org]