In of the mines exploded 2010. The blast killed 29 people. Blankenship was convicted of conspiracy. Turnout for tuesdays primary in the wisconsin president ial primary exceeded expectations. Unofficially, turnout was nearly 47. 4 . At that easily topped the 40 percent protected by a election officials. Voters came out in the biggest numbers since at least 1972. The World Health Organization says diabetes is on the rise, excessive weight, obesity, aging, and population growth seeing a fourfold increase in worldwide cases over the last quartercentury. Global news powered by our 2400 journalists around the world. Emily this is bloomberg west. What is so valuable about youth content and what is verizons broader plan . We will bring you the details. What will the world of App Analytics hold . Over 40 tangled web of overseas subsidiaries. Just bring you up today on a developing story. Jamie dimon out with his annual letter to shareholders saying the potential outcomes are large and potentially unknown. Referring to the possibility of the you can withdrawing from the european union. He says this looming uncertainty could hurt british and eu economies and jpmorgan could lose millions of dollars in brazil due to extreme stress. We will continue to review the headlines as a headline that they come. Other news we are watching. They plan to finance the largest tech acquisition. Our editor at large has been covering the story. Headlines and just rolling in. What is the latest . About a week ago, they announced they are going to sell their i. T. Services business, which they acquired for 4 billion 3 billion. Three being less than 84. They are announcing they are a to sell documented company which allow for electronic verification of documents. 1. 7 billion acquisition by emc. News that they are looking at selling some other assets. A sonic wall and. Other companies acquired over time there. It shows us that dell is looking to look forway fashion so that they can pick up the debt they have been using they had to apply to acquire in emc. A very expensive acquisition for dell. Other business can actually pay for that and afford to pay down the stat. This debt. Theyll mustve been in better than they were showing in the public results because otherwise how could they pay for these things . They are shedding units left and right for roughly billions of dollars, that certainly even out a loss of a billion dollars less for those i. T. Services business. We will see what they get. Given ill mess keep an i on this story. Looking to raise cash to pay down debt. Much for theyou so rundown. Nto another deal verizon making a play for millennials. Streaming into online video. The nations largest terrier has a 24. 5 state in awesomeness tv from dreamworks. You will remember when dreamworks purchased the youthoriented Media Company for cash. Disney purchased makers studio in a similar move towards youthoriented content. Verizons new state values this at millions of dollars. A potential doubling of revenue through the deal. I want to bring in the founder himself, brandtv robins, joining me now from l. A. What about that ipo . Are a littlek we ways away from that. I still look at this as a baby and i praise with a long way to grow. Maybe, never say never. Emily youre going to be making premium, hbo caliber, short form content. Explain what kind of ideas you have been kicking around, what kind of talent you have been speaking to. In br us, right started with Public Access programming, reruns of sitcoms and lots of episodes of star trek, each one of those brands defines themselves with a premium show, like madmen on amc. If you compare that to the digital video short form revolution, and started out with you gc content and the creators on youtube making their own more premiums shows, and the Companies Like ours came along and then started making restricted premium content. We believe the next evolution of short form video is superhigh quality scripted shows like you would find on a Premium Subscription Service like hbo or netflix. That is the kind of content we will be making, whether that is highly serialized dramas were scripted comedies with big talent behind and in front of a camera. Emily there is competition from youtube, spotify, what makes you think this service is going to be different from Everything Else out there. Why will this succeed . Everybodyont think is investing the kind of dollars and programming like we are about to do. And we have sort of proven ourselves already in short form premium content, and i think that is why verizon is very interested in making this investment, because the content that we have made so far has really performed exceedingly well. To quote them, beyond their educations. Emily you started this company focused on jens the generations z. Brian we are so very interested in generation z. This particular offering is to really capture the consumers that are really massively consuming video on their mobile mass and really trying to reach an audience that is underserved. Content. Tons of if you have an hour, you have a lot to watch. If youre eight minutes, 10 minutes, no one is really making this kind of content today, and we think that is the white space and that is where the opportunity is. Emily you have got three owners out. Dreamworks, hearst, and verizon. Does that make things a little con complicated for you . What is the end goal . Brian i have to return a lot of phone calls. It is pretty special for us. When i started company four years ago, 40 percent of our views were on mobile. Today, more than 80 of our reviews are a mobile devices. That is only going to continue to accelerate. To have verizon, the biggest mobile carrier in the world, as my partner, and to have that kind of distribution and reach i can tell you how excited i am about the possibilities. And all, throw in aol of those eyeballs and the text that comes with it. It is kind of a really fun playground for us. Emily all right, you enjoy those phone calls. Brian robbins. We will keep our i on you guys. On you guys. Now i want to bring one of the cofounding editors of wired magazine who has been covering technology for many years. You have news of europe which we are going to talk about later in the show. What do you make of this deal . You have got dreamworks, verizon, and hearst all dipping their toe in here at the same time. We have got facebook life facebook is paying Companies Like the New York Times and but seed to do by the video on facebook. Those models always slip. That is not going to last. You want to count on that for a long time. What is really interesting is i think brian is right. Media companies have not caught up with the habits, particularly of younger people. If you want anything immediately states, you absolutely have to think about one thing, which is video tech nvidia on with facebook and captions. It is not how traditional entertainment provider think about what they make. I think this is a smart move by verizon, getting into a market they probably did not have boarded aol have a lot of native chops. Emily what do you make of facebook going beyond my when twitter seems to be the perfect venue for live. In fact, they just all the rights stream nfl games life. Facebook is a large they can afford to try things. For facebook, they have tried a lot of things that have not worked out. They try to can be snapchat. That did not work out. If they set their teeth and go at it, i think they would be quite concerned if i were twitter. Emily facebook and google still dominate. Were it easier growth of online video . The future growth of online video . Facebook wins. Let us be clear about that. Facebook is a place everyone the way wes think about google as the first version on the web. We think of facebook at the dissertation for media. Video facebook wins. I think who loses are probably longform. Attention is finite. If you get a generation that is used to taking their in 1, 2, 5, 10 minutes its, you have to come from somewhere. Sits, yet the company somewhere. Uber and airbnb finding certain loopholes. We will explain. Emily Corporate Tax havens coming under scrutiny. Atime when it comes to far more extensive web of subsidiaries and then it is has publicly acknowledged. It is a sharing economy company. Authorities may start to worry. The founder is with me in the studio. Bloomberg News Reporter who wrote this story. Talk to us about how big this problem is with respect to airbnb in particular. David since they have not yet become profitable, it hasnt been a problem. But airbnb say they expect to turn their first profit this year. Once they get there profits, airbnb, all the sharing Economy Companies will have the opportunity to use the tax avoidance techniques that have been used by Tech Companies and pharma companies. But so far they have not been able to use it and what changes is with us norms, they are able to make the same kinds of savings and lower their rates to a level that has people in the Treasury Department concerned. Emily we did get a statement from airbnb. They did not talk about tax strategy, but they said, we pay all of the tax that is due and we make longterm Business Decisions and act in the best interest of our community. John isnt this the same thing , google and apple and other corporations have been doing for years . John the interesting thing is theyre forcing a new conversation about what kind of company do we want to have in our society. What is the role of the company as a citizen . It raises that to another level, which is if they are going to be extracting Service Revenue and putting it under a shelf somewhere, what about our schools . What about our roads . What about basic r d that created the internet in the first place . This will end up in legislation. Emily what company is going to say i will take it for the team . John none of them. In every company in the world that has a certain set of profits that employ a lot of people to keep as much of it as they properly as they possibly can, thats what we are having at the president ial race level. What is the role of a company in our Society Today . Emily you report the sharing economy could account for hundreds of millions of dollars by 2025. Whats the u. S. Government doing about it . David they are still getting there hands around it. The irs is not quantified it. The Treasury Department would restrict the use of hybrid structures that would allow companies to lower tax rates to zero, but theres also something about the deferral of offshore that they would restrict but it is all deadlocked in congress. There have been proposals that have so far gone nowhere. It may be that there has to be a bigger conversation about tax reform to see if theres a way to handle lists and make it being a revenue drain on the treasury. Emily first the Panama Papers and now this. John if i were at airbnb right now, i would say, what terrible timing because the panel papers Panama Papers just came out. This is exactly the incentive system we set up in our economy and we need to think about whether or not that is the right incentive. Emily john is with me for the hour. David go2net ski, our bloomberg News Reporter, thank you so much for later, we will dig into the multimillion dollar tax credit market that Hollywood Production Companies and many more are taking advantage of. Still ahead, peering into the future of energy. We take all look at whether theres any stopping the spread of solar. Emily time for our latest installment in a week long dive into Renewable Energy. We look at wind and battery and now we look at solar. Solar has been having trouble despite a collapse in oil. The sectors getting twice as much Global Funding is fossil fuels. Research from Bloomberg NewEnergy Finance shows. Experts believe solar energy will come to dominate because it is a technology, not a fuel that will likely get cheaper and more efficient as time goes on. I began by asking it is the , presence of solar inevitable and how soon can we reach that point . Take a listen. Guest we are only at 1 of u. S. Households penetrated today. But the growth rate we have achieved from zero to 100,000 customers starts to compound and i think you will you happen faster than people expect. Emily how much faster . Guests i can imagine that solar is about 20 plus within three to five years. Emily what are you doing to reduce Installation Cost . Will solar ever be competitive with utilities without tax , other innttax credits . Guest solar is competitive today. A lot of people dont know that all of energy is subsidized. The global subsidies for fossil fuels are 5 trillion. Fossil fuels in the u. S. Receive eight times the subsidies that renewables did in the u. S. What we are saying is lets have an even playing field. Today already even with all the , subsidies fossil fuels receive, we are 20 cheaper and our costs are going down. The power we are competing with is going up at the same time. A lot of people will say oil and natural gas are so cheap. What drives power prices is the investment in transmission and distribution lines. Which are aging in this country and introducing a ton of risk. Thats why we have these brownouts and blackouts. What happens is is that utilities have to modernize the grid, prices are going up. Emily the end of net metering could be a huge blow for the entire sector. How do you expect these to play out . Lynn what is happening today is consumers and innovation are driving change despite what is trying to be done on the regulatory side. What we have seen happen is when we look at the facts, rooftop solar strengthens the grid because it is produced onsite. You dont have to invest in as many transmission distribution line subsystems. Those are the things utilities make money off of. So they dont like it. What these are coming down to is competition. What we are realizing is that when consumers can choose cleaner, cheaper energy, they are going to drive the change. Emily the battles are far from over on the regulatory side. What are the next flashpoint s in this debate . Lynn we had big wins this year set us up for longterm success. The federal government gave us a fiveyear runway. Second, california established their longterm support this market. That is a huge and important market and to places where we two places where we are showing were going to leave to switch electricity from dirty fossil to renewables. What i see continuing to happen is utilities will be threatened and they will try to protect monopolies. But when you look at the fact, we will see rooftop solar is a benefit to society, we will win nine out of 10 times. There will be a few extreme examples such as what happened in nevada, but a similar thing happened with gay marriage in indiana. Emily solar stocks are down across the board. Are you facing slower growth, to too . Lynn the fundamentals have never been that are in this industry. Consumer demand is strong and we are saving customers 20 on electricity. Were continuing to adopt it. Secondly, you are seeing real entry barriers. Its hard to do, so theres short term noise as there are companies entering the market and some of them have had trouble raising capital. But the Quality Companies with quality assets have not. He just completed our prospects for the future and just closed very attractive financing. A lot of people think can continue to raise capital. We just did last month. We were able to raise financing through the credit cycle in 2008. The reason is these are very high quality assets. These are homeowners who have very high fica scores. They pay their bills and these systems perform. Weve been operating for eight years and we have the track record. When i look at a market like im very encouraged because i think it is a shortterm entry barrier. Emily tune in tomorrow for the final installment of our series. We will hear from a startup seeking to redesign the power station and a u. K. Company building the world first title tidal power system. Another story we are watching. Nokia will cut between 10000 and 15,000 jobs as part of a plan to save a billion dollars a year. Officials have been racing since bracing for job cuts since the merger with out to tell lucent. The job cuts are aimed at help nokia cope with a challenging business environment. And intends competition. Coming up, after a tortuous year of leadership changes, the ceo is taking the company in a new direction. Show me movies with romance. Show me more like this. Show me previously watched. Whats recommended for me. X1 makes it easy to find what you love. Call or go online and switch to x1. Only with xfinity. Mark they will act appropriately if need be. The currency strengthening. High. An 18 month a onesided move. The dollar fell against the yen. Further rate increases this year. Makers smartphone something the most in nine months. At the company resumed trade after becoming the target of a u. S. Investigation into allegations that it writes that sanctions against iran, saying the impact is uncertain, and a goodfaith civil and criminal penalties. Despite preliminary estimates. 5. 7 billion dollars. Its something that estimated thirdquarter sales against the elegy x galaxy s7 caps on i had started against samsung i had started against rival apple. Our by over 2200 journalists. Let us get the latest from the markets. Ack after that very choppy morning. It was looking so good. Still in the red, down by 2 10 of 1 . Strong yen starting to once again recounted. If the its longest winning streak. Yen on its longest winning streak. Really is a tale of two different parts of sentiments in asia today because we have seen that weakness in shanghai way. Nto the market in taiwan korea turning negative. If you look at southeast asia, australia, and new zealand, it is looking a lot brighter. Thatis on the back of that we had coming through from the fed which gave boosts to crude oil prices. Into in the region and healthcare stocks looking very solid as well, up by a 10th of 1 . This is the yeartodate chart for the ta. It has had a shocker of a year. Seen since we have march 7. Today, resuming trade and plunging quite significantly. One third significantly up by 50 . A check of that japanese yen. Really continuing to stre