vote was 240-181. it is the first time the bill will end up on the president's desk. the senate already passed the measure. the bill would defund planned parenthood, but president obama .as promised to veto it north korea says it successfully tested a powerful hydrogen bomb. u.s. officials are not so sure. they claimed they detonated the weapon this morning. josh earnest says the data is not consistent with north korea's claims. the security council says it will begin work on new sanctions . the house investigation into the 2012 attacks in benghazi is heating up again with testimony from the first up of two top military and intelligence officials. david trias was interviewed today.

leon panetta will testify on friday. news, 24 hours a day. emily: i am emily chang. west." "bloomberg taking a swing at yahoo!. chips,chips, chocolate and microchips. you can buy almost anything on amazon, and now that includes semi conductors. cory johnson at the consumer electronics show in las vegas. be talking to one

of the heads of an important company that runs the maps behind uber, apple maps, and is crucial in the world of navigation. emily: an executive shuffle at morgan stanley, that could mean changes to the ceo's succession plan. erik schatzker joining us from new york with more. james gorman is going to be the ceo of morgan stanley for longer than he initially planned. it looks as though he will be there for at least the next five to seven years and possibly all the way through to his retirement at age 65, 8 years from now. who has led morgan stanley's retail brokerage business, really the crown jewel of the franchise, is on his way out the door.

it is impossible not to look at this as a success in -- succession situation. greg fleming has always been seen as a potential successor. as long as morgan stanley stock is doing as badly as it is, you know the question will have been raised. with him leaving, it it takes that issue off the table. emily: is gorman trying to shore up future leadership? rik: he is cementing his hold on power. fleming's departure removes the threat. what now needs to be seen is who steps into the shoes of those deputy ranks.

morgan stanley does not have many people in their 50's who are eligible. we will see the next generation of leadership began to emerge. you have to love the wall street exec who quotes aristotle on his way out the door. that is what greg fleming dead. -- that is what greg fleming did in his parting memo. emily: thank you so much. it may be a new year, but it is the same old story at yahoo!. the company under fire from investors angry with yahoo!'s performance. sound familiar? boardtest comes from star . jeffrey smith says -- raising the threat of a proxy fight for control of the company. yahoo! says they are in the midst of a multi-year

transformation. joining me from new york to talk yahoo!hat is next for is our next guest. also joining us is tom giles, who oversees tech coverage for bloomberg news. what do you make of this? is a proxy fight inevitable? really fed up. nothing that marissa mayer and her management team are doing at as far asup to snuff startboard is concerned. you saw marissa mayer and the management team take a few steps, but it was not enough. they have been making demands for months and months and months. they wanted to spin off their

stake in alibaba. and then they reversed that. spin off your core business instead. yahoo! became part of the way to exceeding to those demands. we will hold off on the spinoff, and we will look at whether it makes sense. still not enough as far as they are concerned. as far as if a sale happens, it could take the better part of a year. they did specifically say if the board is unwilling to accept the need for significant change, and election may be needed so that shareholders can replace the majority of the board. what should yahoo! do? >> yahoo! has no choice. starboard andth negotiate a change in the board of directors, whereby some of

the shareholders will get some seeds. it is remarkable that this is the first time that yahoo! finds itself in this situation. to take such a fight to the end, it is not done in today's world. they have to negotiate a settlement so that when new directors come on the board, a new plan is put in place, and the faster the better. this idea that they can wait another year to turn the company around -- emily: what about marissa mayer? we recently spoke to the ceo of salesforce. he expect -- he expressed extreme confidence. next i have a lot of confidence in her ability to create a great yahoo!. i have a lot of for a comp -- i have a lot of confidence in her

ability to be successful in whatever she does. >> which you -- would you hire her? >> in a second, she is completely magical. emily: what does that mean for marissa mayer? >> a group of people in silicon valley are closing ranks. i do not know morissette. -- i do not know m arissa. the results over the past few years have been all but disastrous. in ebitda inlines that go business, let on for a few more quarters, there will be no ebitda. this happened on her watch and it has to stop. sale of theential

core business is another. verizon is a name that has come up. cory johnson spoke with tim armstrong. verizon bought aol and is interesting in adding technology. take a listen to what armstrong had to say. goals.ave our long-term we want to increase the scale of what we are doing. we want to make sure we become one of the most important mobile media companies on the planet. emily: what do you make of his response? tom: armstrong was not giving you a sense, do not look at us. he wants scale. yahoo! would give them scale, that is a billion people. a lot of people who use e-mail. a lot of people who flock there.

socialey missed a lot of and they missed a lot of mobile. it seems like armstrong and verizon would be interested. is in no way taking them out of the running for buying yahoo!. how much is it worth? how much do you pay for it? what do you do about all of those asian assets? you have the stake in alibaba, the stake in yahoo! japan, all of which any buyer need to unravel, need to figure out what to do. that is part of what has prolonged this for so long. emily: who do you see buying yahoo!? verizon -- if you created an

theyon for these assets, would attract a number of buyers. that is the best outcome. you sell the assets while they are still valuable. -- theure out exactly share holders in depth with cash end up with cash or stakes in alibaba or yahoo! japan. emily: thank you both. we will continue to follow this. i will be sitting down with cofounder of paypal. max just resigned from yahoos board of directors. to a developing story we are following. microchip technology is said to be reconsidering its interest in fellow chipmaker atmel.

declined toves comment. navigationth a software company that uber just heard with. -- partnered with. one company begins to work on a prototype in the las vegas desert. ♪

down 4%.ares of apple the company is trimming orders for the iphone. the online app store set a sales

record last week. to the consumer electronics show where automotive technology is the theme of the moment. tom-tom unveiled its latest technology. cory johnson is standing by with tom-tom u.s. president. cory: thank you. tom-tom is an interesting company. you are making personal navigation devices. it puts you in a position to serve up maps to uber and apple. talk to me about what happened there and how the business pivoted. >> one of the best decisions , as we really wanted to

take our destiny into our own hands and control the business, one piece was missing. made a bold our ceo move to acquire the map companies -- cory: it seems crazy at the time, so expensive. tex exactly. >> exactly. >> exactly. this is exactly what we are seeing now. content and the ability to control the content and invest in the content is giving tom-tom , what we are seeing with the development of highly automated it isg technology, increasingly more important

around the world. having that ability to build on that asset is a great opportunity. cory: what are you doing now? >> it is about investing in the technology. recently, we just unveiled a real-time map. the ability to update maps little by little as the reality is changing. cory: that is coming from the device or the user? .> that would be coming from us if the map needs to be updated , it can be updated immediately, on-the-fly. it can be very important for that technology. cory: do you imagine there will

be a day when tom-tom is not making physical devices? >> tom-tom is a product company. thatis one of the things defines us. we make products. this is why we went into navigation and this is why we were recognized for providing the very first navigation device that only had one button. we push the barrier with wearable, comfort, bringing heart rate to the rest, -- wr ist. and i a product company think we will continue to be a product company.

doing in the automotive world, you have seen us partnering with apple and with uber. opportunitya unique to really invest in our technology, to be part of what undeniable, the next revolution in driving. he needs a map because he is french and he lives in massachusetts and the company is based in holland. emily: cory johnson on the ground. we will be back there tomorrow. want to get from san francisco to l.a. in 30 minutes question mark yes, please. dreamr or not that sci-fi

could become a reality. ♪

in the market for a vr headset question preorders just began -- for a vr headset? preorders just began. it will cost you $599. the majority declined to estimate. event.to get to the main the consumer electronic show underway in las vegas. cory johnson caught up with qualcomm ceo. he started by discussing the importance of the deal.

>> we have had a long relationship with the car industry, over 10 years. -- iteed at which people started off by getting the car connected. it has accelerated through more technology and the audi partnership is not just taking the modem, but also the car -- the part of the car that processes information. cory: this is an additional socket? >> more technology in the car. the car is becoming a smart phone on wheels. audi is an innovator and we are happy to be working with them. automobile is going to be a

growth sector. our blend of technologies that we can provide in a smart phone type factor is going to be important to the car manufacturers. the car manufacturers are becoming much like the cloud providers. they generate so much data. if i had information on your intermittent window wipers, so much data i can get off that information. that is why you see the cloud providers and car companies connecting. that trend is good for our business. want to keep the data themselves.

>> anytime you have innovation occurring at a fast rate, you have a lot of different parties. that has always been a good trend for us and we try to make that easy for these companies to take advantage of that technology. cory: what percentage of the business might be cars five or 10 years from now? >> if you look at our business, the smartphone business will a big business. when we look at those businesses, it doubles the available market over the next five years. when you look at all of the things on the show floor, not just cars, but if you take cars, the home, what is happening in smart cities, automotive, health care. those are new sockets for us. market.es are available cory: i think i will come to

hate the phrase internet of things, so thank you for not using it. we ship over 100 million chips. what people forget, it is very diverse. you have to enable a number of different partners. what is happening is absorbing many different technologies, drones, even your thermostat has a number of technologies. that accelerates the rate of innovation that occurs in the home and all of these different markets. ♪ the only way to get better is to challenge yourself,

and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. emily: i am emily chang. wednesday here in san francisco, 730 thursday morning in hong kong. uliette: global stocks have

racked up their worst annual start since 2000. the major wall street benchmarks all closed lower. brent crude, its lowest in 11 years. weekend to a fresh qae-year -- weakened five-year -- to a five-year low. it has not been that low sense 2008. --since 2008. the world bank has lowered its global growth forecast for 2016. it expects 2.9 percent expansion , down from 3.3% in june. the slowdown in china is a factor.

the bank expects growth will pick up in 2017, reaching 3.1%. it launched a new flagship model in las vegash. .awei' usage.battery emily: ambitious. when i was in beijing, i was surprised by the number i saw using iphones. pretty much everyone i saw using a phone was using an iphone. juliette: i was surprised when i first moved to hong kong. huawei's growth track is on

-- growth plan is on track. globally, it is making inroads into the apple market share. in the last quarter, they shipped 8.2 million smart phones. much. thank you so to ceswe are headed back where rob lloyd is standing by.

system capable of speeds of more than 700 miles an hour. thank you so much for joining us. the path for bringing this idea to reality? rob: emily, it is a pleasure to be here. what is really exciting for all of us at hyperloop is one year ago, we were operating out of a garage with six employees. one year later, we have 88 people, $37 million of capital, on our way to closing are $80 million b round. 45 minutes away from our first important test that we will be completing this year as we move quickly towards what we call our kitty hawk moment. the moment we demonstrate the full system, achieving those 700

mile-per-hour speeds, and demonstrating the innovation this company has brought. not only is hyperloop about technology, -- about fast technology, hyperloop tech is a fast company. see an coming interest from around the world, we are putting some folks around the world to start to work with projects that we are already identifying. along with the technology evolutions, we will be demonstrating this year, we are seeing interest from around the world and we are beginning to work on the process of identifying those projects that will demonstrate the transformational nature of hyperloop. it could be passenger movement, opportunities between cities, it could be moving freight. we are focused on identifying the three top opportunities by the end of this year that

between 2017 and 2020, we will begin constructing the three first production hyperloop systems around the world. musk: how involved is elon at this point? rob: he has been pretty pleased with the progress our company has made. he is not directly involved. the hyperloop competition being sponsored by spacex is something we love. that is coming up as students and contestants begin to demonstrate their ideas. the test that spacex will be sponsoring the summer -- we are a sponsor of that activity, but most importantly, we love the fact that some of the brightest minds around the world are putting their thoughts toward solving this problem and we think some of those will be the next 100 people that we hire. emily: what kind of people are

you looking for? who are you targeting? rob: we have 88 people today. we are looking at engineering talent from across multiple disciplines. it is a fascinating process to watch as we build a company of builders. the only company we have join our company have credentials of building stuff. they could be mechanical engineers, aeronautic engineers, but they are coming from all sorts of disciplines as we bring .his unique idea together the levitation technologies that reduce friction, the propulsion system, and the product design -- pod design. emily: when will i be able to get from san francisco to l.a. in 30 minutes?

that is a great question. san francisco to l.a., i am not sure that is the first route we will be constructing. we will give you one of the first tickets to a hyperloop ride somewhere in the world. you will be able to cash that to get in the year 2021 and if we get lucky with a country, government, regulators, and with financial backers, we will let u that to get in 2020 -- punch that ticket in 2020. emily: we have a date. i will hold you to it. stock we are watching. netflix shares soared after reed hastings took the stage at the consumer electronic show. stagele we have been on

at ces, we switched netflix on nigeria,m, india, poland, russia, saudi arabia, singapore, south korea, turkey, indonesia, and in 130 new countries. [applause] that: he went on to say viewers watch 12 billion hours of netflix programming, 70 million people around the world stream netflix every day. absent from that list, china. they hope to launch their in 2016. former yahoo! board member joins us as activists wrap up pressure on marissa mayer.

he is announcing the first prize.election ♪

emily: pinterest is the latest tech company to hire a head of diversity task of hiring more women and minorities. along with a higher, pinterest is starting an apprentice program for minority engineers and an internship program for minority college freshmen. pinterest said it was setting quotas.

former board member of yahoo!. fascinated by the security challenges facing governments around the world and privacy challenges for people everywhere, the real world is goingphy conference on in silicon valley. he is here with us now. why cryptography? lifea huge part of my since as long as i can remember. paypal, my first act, was established to build a company with security at its heart. it seems very appropriate, given politicalnt

conversation, it is important to highlight the science behind security. emily: you named two winners today. what are the big innovations and cryptography that you are chasing? what needs to be done? max: this conference is important as an embodiment of what needs to be done. somethingt's that helps people live private lives if they choose to do so, protect us from bad guys. it is the sort of thing you would find useful today when you go to your browser. one of the winners created a formal proof of the things that

provides the green lock in your browser. the other winner is a legend and most of his work is useful in your day to day life. emily: the cyber security information sharing act was passed right before christmas. big brother or not a big deal? max: somewhere in between. i have yet to see a thoughtful solution from our government in the world of security. there is a lot of misunderstanding. the reason for the prize is to highlight how this stuff actually works. you cannot tell people to stop thinking about the math. most of the laws written suffer

from washington speak without a real understanding of what is underneath the math. emily: i have to ask you about yahoo!. you left the board recently. today, new action from starboard. what is your reaction? max: despite being off the board, which i was quite sad to leave because i learned a lot, i still cannot talk about it. i am afraid that is the latest in the volley. emily: why did you leave? to go over my life in the best way possible. -- took over my life in the best way possible. early last year, i realized this would be the one i would spend the rest of my life on. emily: i know there is not a lot

you can say, but what is your level of confidence in marissa mayer right now? max: she could be the hardest working company -- hardest working ceo in silicon valley. she is a smart product person. if you look at the successes yahoo! has, the product development, the shift to mobile, the efforts to create new revenue streams have been tremendous. there are a normal amount -- an enormous amount of legacy problems. emily: when you look at the tech landscape in 2016, you have been doing this for two decades, what is the biggest theme that will emerge this year? one of the things that is

, in the lastng , people taking on extremely serious challenges. a lot of effort in what may be considered fun or frivolous. today, the companies i see as an angel investor are about food shortages is -- and water cleanliness and things that are impactful. consumer finance, health care. we are entering the age where the brightest minds are applying themselves towards the hardest problems humanity faces. , making sensors,

the one thing that seems to be emerging rapidly is people attempting to create platforms for disparate sources of data. levchin awarding the first levchin prize today. amazon is continuing its quest to really sell everything, from batteries to baby wipes and now to its own semi conductors. tohathe move is a challenge intel's dominance of the data center. in on up, blackberry once the driverless -- wants in on the driverless car race. ♪

tappedly: tell your debt has tapped a google employee. they will be part of a team leading the company's artificial intelligence lab. cars,ng of tireless apple, google, -- driverless cars, apple, google are all in the race. blackberry is making it official, too. advantage could be thanit is already in more 60 million cars. joining us is blackberry ceo. has major car manufacturer

signed up to use qnx so far? 250 who haveout signed up. we have been in business for a very long time. we have 60 million cars out there. show, we announced two new products. advanced driver assist and acoustic. emily: how about for the autonomous car software specifically? have major car manufacturers signed up for that yet? >> what we provide, the resource management and application the needs all the interfaces -- benny fell the interfaces, apple beneath all the

interfaces, apple or google, they add on to it and use my technology. required technology for autonomous cars and for the connected car. for that yould me would like to work with google, apple, tesla. have you had actual conversations about partnering with them? my people have a lot of conversations with them. more so with google. forceso ins joined the android world. emily: are you concerned that google and apple would want to own the entire software stack? why would they want to work with

qnx? --we provide a secure player layer with how these applications talk to each other. for, there known security part of it and the connectivity part of it. we happen to create more modules. system an open interface. how not concerned about they want to own the entire stack. that will just give us licensing opportunities. emily: i want to turn to the share care deal. use a not need to blackberry. are we going to see more deals like that?

we are providing our technology, the security and interface, into share care. big into next in a ration health. -- into next generation help. i hope we will see a lot more application like this. emily: how big could that business be? business,ng recurring, it could be substantial over time. like everything else, i we still people, you have to be patient. you always try to trap me with numbers. this is the right direction on a deploy ourlan to technology. and then we will reap the

rewards as sharecare becomes more prevalent. trap, just a question. you always do a very good job answering. ceo of blackberry, live from valve -- live from las vegas. that does it for this edition of tomorrow, west." plenty more from the consumer electronics show. all for today from san francisco. ♪

♪ >> from our studios in new york city, this is "charlie rose." thisie: we've again evening with the middle east and the tensions fueling the sunni-shia divide. kuwait became the fifth country to cut down diplomatic ties with iran. the fallout was linked to the decision to execute a prominent shia cleric last week. in response, there was an attack on the embassy in tehran on saturday. joining me is probably not serve nasr, wendy