i only ask marissa mayer has done interesting things, a lot of acquisitions, some of them disappearedich is weird. tim armstrong has done great things for aol. >> i have a lot of respect for tim. marissa needs to prove where, tim has had more time and the steps he's taken have borne fruits. >> if i'm an investor watching, which one do i bounce on? both are bouncing right now? >> the key component is there's a lot of asset value up there. this has been known. this is known for the investor community. yahoo! japan stake. the rest of the alibaba stake, the cash on the balance sheet. concern is are they going to fritter that money away and keep doing acquisitions that are mobile and forward looking and no revenue. liz: and then they disappear? >> and swallowed up and disappear and you lose key people. when are we going to monetize this, this sounded great but nothing has monetized or materialized. that's why yahoo! trades at a discount to the asset potential and starboard is saying we could monetize it, unlock this and be more tax efficient, and i agree with them in this regard. doesn't m

do you believe that marissa mayer has the chops to do it?ecall, they were somewhat tepid towards the choices they've made so far. i think they have made progress in conveying that they understand the challenges ahead of them. in their case it is about looking at aol. they are based in the same position from two years ago. they have invested in the right places, though the top line is profitable. will yahoo! figure it out? it's possible. everyone knows marissa mayer and think she is incredibly smart and capable. given enough time one might expect that they would figure it out. >> how much time is enough time? >> growing at 2%, they are spending one billion in capital to get there. not exactly an optimistic assessment. that therestrange is is no clear communication after alibaba. they are not making it clear what the plan is. >> if they had a plan, they are keeping a close to the vest. i don't think they have a particular plan at the time. >> isn't technology the problem here? we can count on one hand the number of technology companies around,

marissa mayer says she has great confidence in the strength of yahoo! business. how is yahoo!'y ad is this doing? would it better for them to abandon? we spoke to josh stein an expert in the field of digital ads and an investor in chart b about the prospects for yahoo!. should they expend on new ad technology or not? cory johnson started by asking him what's next for yahoo! in the ad space. >> they have a high-class problem. they've been a holding company and they just realized about $6 billion after-tax but they are flat. you have search, number one and the biggest, google. social is facebook and twitter. brand is big, about $15 billion, but it's always underperformed expectations. >> what do you mean by brand? >> cars, movies, coca-cola, budweiser. they are trying to get your engagement and attention. tv is a big medium. the nfl by itself does like $6 billion. you feel the resonance. the internet has fallen on delivering results for advertisers historically. >> thing with brand -- the publisher of people when i worked there 1000 years ago said it's fundamentally about belief.

in his new book and stops by to talk about everything from the apple android fight to whether marissa mayer can save yahoo!. stillhoo! confirms it holds a 15% stake in ali baba after selling 140 million shares in the ipo. have adicate they one-year lockup. before it can sell the remaining shares and also agreed to vote for director nominees of alibaba . to our lead story, apple is supposed to be shining brightly after its record 10 million iphones in the opening weekend. but the glow is starting to rub off dues to some technical difficulties. apple had to pull its ios eight update after some customers could not make phone calls. after reports that apps were crashing 56% more often. adding to the problems, a number of users complaining the new ones band when sitting in your pocket with this video showing an iphone 6 plus getting very badly bent. joining me is cory johnson and research analyst, and the man behind that viral bending ipod video. we spoke to you about the iphone 6 plus which did not fare well after the ben test. you went on to test the iphone 6. what happened? >> the six did muc

an activist fund is pressuring marissa mayer and urging her to merge with aol.or more i am joined by the senior research analyst gene munster. what do you make of this pressure? our yahoo! and aol better off together? >> i do not think they are better off together. i would get the analogy they are to fading giants. i do not know that putting them together makes sense. i would say score another win for shareholder activists. has withhat apple their dividends or ebay and paypal. betterem to be getting momentum and making things happen. if you had asked me last week the probability it happens, i would say lower than it is today. that said, i do not think it is the right thing for yahoo!. >> what about softbank buying yahoo!? >> that makes a lot of sense. i think there are important tax implications if they go that route. the last tranche was almost a 40% tax rate. that could almost dramatically lower that. i think a combination around that does make sense. i think former aol and yahoo!, while they are synergies, it does not solve the fundamental questions about whe

much more than a marissa mayer will. if yahoo!the ticket, the entree to the american market, why not just i yahoo!? he thought about it before. >> he might very well do that. he buys back the ownership that yahoo! has an alibaba. think what he said in the interview with you guys is we like organic growth. we will do anything that helps the small merchant. i think he is going to do a lot importing the marketplace more than in china. is at a disadvantage. they take ownership of the merchandise. a alibaba is purely a drop shipping company. it is purely a platform. if you import that model into the u.s., you can have a substantial success here. >> who should be most afraid of alibaba right now? now that they are truly flushed with cash? yahoo! has to sweat a bit. there is pressure on them to do something. i think the other asset that alibaba brings to the u.s. is something quite new for china. this is a new vision into the chinese marketplace. patterns of behavior we have not seen before. it is competitive with some of the ad networks

but if you look at all of the tech leaders, whether it is marissa mayer or jeff bezos, they share twon. one is the user, and the other is the tech talent that they can bring in. the company with the best talent, the best technology wins. >> is this about singular decisions? is that what you value in tech management? or is it a more consensual approach? at a singular decisions yet are are they singular decisions? >> it is mainly singular decisions. are not based on a model. what is about is a decision based on a treasure trove of information around what users want to consume and what it will take to get there and deliver it. >> who advises these people? with the challenges that twitter has, who do they seek it vice from? -- seek advice from? >> they did counsel from a number of places. first, it's a lot of what our firm is doing in the background, giving a lot of these companies advice. but they also listen to all sorts of people. they listen to people in the valley. , biglisten to vc's advertisers. and they have to make their own calls about what they're going to do. >> looking at the

relative to ally bab back i think it starts to look -- >> mike, the street is voting marissa mayer isalue destroyer, not a valuer creator. they'll have more and more cash over the course of this thing, keep buying back their stock. that's how they manage earnings. earnings are expected to grow at best 2%. >> some of that voting has got to be stakeholders in alibaba taking some money off the table. and i think just like you have people selling into the ipo, you have holders of yahoo! selling the stock into the ipo. >> what's the upshot, dan? what's your trade? >> i got this questioned -- brian kelly just said it, they want to be long yahoo!. this is a play -- >> now can you just buy alibaba. >> but it will be very volatile. this has a $225 billion market cap. there's not a lot of room for error but alibaba is trading below it's core value. i would look out to november and i would buy a call butterfly. when the stock was $40.60 today, i priced up the november 40.45 call butterfly. i was buying november call for $2.70 total and then buying the far wing, the november 50 call for about 50

. >> marissa mayer is on that board as well. i can understand, kevin is a smart guy.pecific issues that there is this -- there that is behind this specific acquisition? >> i think on some level they are trying to understand video, merchandising read instagram is about photos and pictures. muchare trying to learn as as they can from a lot of different people. strengths hewhat brings. maybe they will learn what the newest music is out there on a regular basis. he is far younger than anyone else on the board. >> i can't talk about walmart -- whatersation without is someone from silicon valley going to speak to that important issue where walmart is making decisions about how to pay some of their employees? probably not going to be his expertise on the board. him coming in was probably not to do with dealing with labor relations. their argument is they will pay compared -- they will be competitive. lot more job applications than there are openings. they promote people. started oute ceo, in a store. >> there is only one guy who will do that, the rest of them won't. thank yo

. >> marissa mayer is on that board as well. i can understand, kevin is a guy.fic issues that there -- there that is behind this specific acquisition? >> photos, pictures, i think they are trying to learn as much as they can from a lot of different people. personally, ihim do not know what strengths he brings, but he brings a technology event that is going to be pretty critical. maybe he will learn with the newest music is, i do not know. he is far younger than those on the board. >> i cannot think about the tens of thousands of walmart workers, more than half of whom make less than $25,000 a year. when are they going to speak to that issue of how they decide to pay their employees? >> that is probably not going to be his expertise on the board. him coming and probably was not to deal with labor relations. they have other people throughout the company to do that. their argument will be that they pay competitively. open a store's open are openings -- store there are a lot more applications than there are openings. >> interesting stuff as always. thank you very mu

. >> have you spoken with marissa mayer? talked a couple months ago and she sent a nice meal -- a nice e-mail with congratulations. >> what are the challenges of being a global company and dealing with the chinese government? any government is difficult. if you do with them well and listen to their problems and solve it -- solve their problems, that is what we survived. in love with stay the government but do not love them. making sure that you solve the problem they want to self. u.s. expansion, you have said it is important. when will we see this expand? sold -- we want to sell more things. we are coming here to help a lot of small business which i think a lot of things need to be done. it is not a competition. >> someone suggested a joint merger with amazon. >> that would be interesting. anything, anybody involved in helping small business, we will be excited. >> you have a lot of u.s. companies trying to expand but ceos are trying to get a leg up there. what kind of mistakes in the making? >> every market if it is the ma

in response, marissa mayer says we have maintained and will continue to maintain an open dialogue withhe bear shareholders as part of the strategic initiative to drive sustainable shareholder value reviewing the letter carefully and look forward to discussing it with them. has greatyer says she confidence in the strength of yahoo! business. how is yahoo! news the display ad is this doing? would it better for them to abandon? an experto josh stein in the field of digital ads and an investor in chart b about the prospects for yahoo!. should they expend on new ad technology or not? cory johnson started by asking him what's next for yahoo! in the ad space. high-classe a problem. they've been a holding company and they just realized about $6 billion after-tax but they are flat. andhave search, number one the biggest, google. social is facebook and twitter. brand is big, about $15 billion, but it's always underperformed expectations. >> what do you mean by brand? >> cars, movies, coca-cola, budweiser. yourare trying to get engagement and attention. tv is a big medium. $6 nfl by itself does l

plus, a frightening thought of marissa mayer -- where would yahoo!e without its big state in -- its big stake in ali baba? ♪ >> you are watching "in the loop " on bloomberg television, streaming on mobile and bloomberg.com. i'm betty liu. is saying first-quarter results beat estimates. brought by a completion of record by back growth. the shipping giant announced plans to raise shipping rates by an average of 4.9 percent in january. sony forecasting a loss of $2 billion this year. the electronics giant widened its loss forecast from $467 million after bringing down the value of its struggling smartphone business. boeing and elon musk spacex will share a nasa contract for a space taxi. the two will help a man spaceman mission and end their dependence on the russian soyuz rocket. the spacecraft will shuttle asked for knots to and from the international space station. we willk hopes one day all head to mars. it is 26 minutes past the hour. equity futures are slightly lower. do not expect a lot of movement ahead of the fed statement at 2:00 p.m. janet ye

. >> you mention marissa mayer. what do you think her chances are of turning it around?r theshe is best ceo yahoo! has had in a decade. she should not be evaluated on whether she comes in and does something new. that is setting her up for failure. if you can improve those incrementally and make them work, that is fantastic. >> i would be curious to know whether he is short hp and yahoo!. you can see emily chang's interview with the president of at 1:00 eastern on bloomberg west. that is a call to arms in effect of those two companies. >> he is basically young thing -- he is basically lumping hp and yahoo!. is saying marissa mayer does not need to reinvent the wheel, she just needs to improve the existing business. >> where our market trading's? >> speaking of investors, we have the fed announcement at 2:00 p.m. when janet yellen hosts a news conference. not much of a new -- not much of a move futures. the 10-year coming down. drifting from 2.6% at the end of last week, now down to 2.57%. nymex crude consolidating after 80ig move up yesterday, $94 six cents. >> everything

and marissa mayer, the ceo of yahoo! dropped from number 8 to number 16.he value of yahoo! is largely about its 24% holding in alibaba. >> and that's in the news today. >> which is going public tomorrow. >> that's right. >> patty seller thank you so much. great to have you. >> thank you. >> our website, cbsnews.com, mass the list of the most powerful women in business and it's also in the new issue coming out on thursday. >>> only a few will make it and believe it or not statistically it's even harder to become one of the officials on the field. this morning mark strassmann takes us behind the scenes to show us what it takes to be an nfl referee. he's inside the georgia dome in atlanta. good morning. >> reporter: good morning, jeff. getting on this field as an nfl official is one of the hard eftz to get part-time jobs in america. during the week they do other things lawyers or run their own businesses. whatever they do, a flexible schedule is a job requirement for any nfl official and so is thick skin. nfl fans go nuts for the action. this clashing of tita

it sounds kind of warring, but it's not. >> and how much they like marissa mayer. >> if anyone can turnhoo! -- she worked there for 13 years. >> the question is can anyone question mark >> we're going to goodbye. 66 minutes -- 56 minutes past the hour and that means bloomberg is on the markets. >> we are diving straight into derivatives because it's time for today's options inside. guestg me for more is my from bayshore partners. we had three straight days of declines. u.s. stocks opened mixed and we have a little bit of a rebound -- 17,140.p 500 we still have the rest of the day. is this the return of volatility everyone has redacted? >> i think the vixen is telling -- part of the markets are feeling stress. -- the debateets thet now on wall street is russell is going to impact some of the industries and bring the market down. i don't inc. that is the case as we stand right now. what we see is people buying protection and some of the industries. eyeing inot of put emerging markets, so there are other areas of the markets and we have not seen a rush to get protection on the s&p just yet

. >> you mentioned marissa mayer. what are her chances of really turning around?e is by far the best ceo yahoo! has had in a decade. she should not be evaluated on invents something new. that is setting her up for failure. existing businesses are really big. if you could improve those incrementally and make them work, that is fantastic. >> your philosophy is, we wanted flying cars and instead, we got 140 characters. if facebook changed the world, why won't twitter? >> i do not think there is anything wrong with twitter as a company. at the same time, a company like twitter will not be enough to take our civilization to the next level. facebook is not enough. we need many different kinds of things. flying cars alone are not enough either. >> is facebook a monopoly? >> not as much as google at this point. there are still emerging competitors in the social networking space that come up every year, twitter, snapchat, all of these companies emerge on a continual basis. >> do you worry facebook take it distracted joan companies, virtual reality question mark >> it is al

. >> have you spoken with marissa mayer? what have you spoken about?> we talked a couple months ago and yesterday she sent a nice e-mail with congratulations. >> what are the challenges of being a global company and dealing with the chinese government? >> being a global company dealing with any government is difficult. it is a great opportunity if you deal with the government well and to make it with them, listen to their problems and solve their problems, that is why we survived. always try to stay in love with the government but do not marry them. making sure that you solve the problem they want to solve. >> u.s. expansion, you have said it is important. when will we see this expand? >> we already started helping a lot of small businesses in the u.s. in california, we are selling american chariots and we are selling alaskan seafood. we are not coming here to compete. we are coming here to help a lot of small business which i think a lot of things need to be done. it is not a competition. >> someone suggested a joint merger with amazon. will that ever

. >> have you spoken to marissa mayer?ouple months ago and yesterday she sent a nice e-mail to me congratulating me. what are the biggest challenges of being a global company and dealing with the chinese government? >> being a global company dealing with any government is difficult. it is a great opportunity if you deal with the government well and communicate with them, listen to their problems, solve their problems, tell them your problems, that is an opportunity for communication. that is how we have survived the past 15 years, always trying to say in love with the government but do not marry them. that is our philosophy. making sure that you solve the problem they want to solve. >> you said it is important for u.s. expansion. when will you expansively to delete -- expand significantly in the u.s.? inwe have started already some places. we want to sell more things. we are coming here not to compete but to help small business, which i think, a lot of things need to be done. >> someone suggested a joint venture with amazo

to buy aol and compete against the likes of facebook and marissa mayer says they accumulated a significant stake in yahoo! consumer confidence reaching highest level since july of last year according to the university of michigan, index of consumer sentiment rose to 84.6, the second highest level since the great depression. the index stood above 90. >>> and intel paying up to 1.5 billion dollars for a 20% stake in the chinese venture. this will help design and make intel branded chips for mobile phones. intel struggling to gain ground after dominating desktop and laptop computers. >>> bad news for most companies, good news for blackberry, posting a loss of 200 million dollars. sounds bad, but days after announcing a new phone, by the way, that loss is less than nearly a billion dollars a year ago. those are some of the top stories on foxbusiness.com. >>> coming up on the show, out to the plaza for delicious recipes, i'm going to find a chef's hat. >>> los angeles raising minimum wage into the double digits. will your city be next? you guys are just ohtwo big softies.. cut it out... look at

telling marissa mayer what she ought to do, recommending she do a deal and combine yahoo with aol, another troubled internet company. starburden said she could unlock $1 billion in, so-called syner synergy. chinese company ali paba,'s initial public offering, it is unclear if anything yahoo does at this point will provide the secret sauce to improve the company's long term potential and stay competitive. that's the view of michael de la merced. he joins me now. michael maybe it's because i've been dealing with i.s.i.l. and turkey and clinton global, i don't know what sense this makes. yahoo is a company that is struggling to remain relevant. aol is -- everybody tells me they are great companies and they are just not now. >> they have kind of fallen by the way side, they have been eclipped by facebook, twitter, google. starbird says it makes sense to combine them. >> the only thing that makes sense of this is content. marissa meyer has been big about the fact they got katie couric, and is that where the game is for these companies? >> aol has huffington post, and yahoo has katie ceu couric,

stick with pimco and the new york fed denied allegations it had moved to banking supervision's and marissa mayerdiscuss a deal with aol. "street smart" starts now.

talking about marissa mayer not knowing what to do with capital.e disrespecting her at a level which is extraordinary. they're saying whatever she does it's going to be wrong. remind me of vmware, if you bring out vmware without having a lot of tax, emc is undervalued but no one's able to unlock that. >> great comparison you draw of course the remaining alibaba stake at yahoo! and something i've talked about here endlessly, how do you tax efficiency sell that at some point. >> you can't. >> well, not necessarily. ken goldman, their cfo, trying to figure out ways you can. talking yahoo! by the way, if you're following us. >> understand if you do the look-see at yahoo! you say, wow, look at valuation of all of the different assets. clearly the company's valued minus two. look at vmware, back that out, say emc is just -- it seems like you're getting it for nothing but you're not because there's a giant began tick tax bill no matter what. >> we'll get back to yahoo! take a look at stock when it opens trading as well. we've got more, of course. >> hewle

>> marissa mayer announced her own giga factory, the street loved it. we came in today, yahoo!own 10% in the last five trading days. it's been absolutely hammered around the alibaba deal. but now there are rumors everywhere. there's way too much volume trading in this name to assume that nothing's happening. but who knows? some people have speculated as an activist, some are saying it's for sale. i have no idea. this is going to be an interesting name to watch. >> pop for the red, black and blue. new yorkers let their fingers do the walking, choosing johnmy walker over any other brand. new yorkers aren't the only consumers looking for a good time. folks in massachusetts made sam adams their top search. in arizona, jose cuervo is king. >> what's your drink of choice? >> matt callan. >> 18. >> one rock. very particular. >> i thought we were going to get a -- >> there it is. that's what you get. crack staff. >> johnnie black rock. >> folks at home -- >>> earnings air force leather with dominic chu. h.p. fuller moving in the after session. >> out with their earnings that they were

and that is what concerns a lot of people that marissa mayer will have too much cash on hand to blow. do you think she will be more disciplined? >> we think it is a good idea if they acquire something. we don't want them to blow money. the core problem for yahoo outside of alibaba is they don't have an exciting story. if you can use acquisitions as a way to drum up excitement i think most investors look at that favorably. >> is aol that exciting story? >> that is what i was going to say. >> who has aol? >> in the third point they make is halt these acquisitions. >> and then buy aol. is aol the acquisition that yahoo should make? >> it's the best way to think about aol is that it is a fading giant as is yahoo. so yes there are a lot of synergies that both companies can benefit but doesn't change the structural reason why you would use yahoo. the combination of that doesn't add excitement that new users are going to come to it. so to answer the question i think there is financial value there but the long term future of yahoo still is in question and i think that would benefit from some

the gist is that ceo marissa mayer isn't the best steward of her company. given the remaining stake in alibaba i tire the attacks on her at yahoo. the stock was at $31 a year ago. now it is over $40. for what it is worth yahoo goes to $60 if it goes up to the one stock mobile operator. sometimes people should listen to me because i'm right. tuesday we get results from walgreens. for years the company has been among best performers in retail. it has become a hated, despised, rejected, dejected stock that is now toxic. it has become the love canal of drugstores. . i expect a terrible quarter. we are whosing to look deyond to come together to be the world's largest drugstore. right now people feel the ceo can't do right. i don't know when it will turn around which is why the charitable trust left a lot of room. if you have patience i think wag works. no one has patience. wednesday we focused on an ipo i expect could be strong not because of its own science but because it looks like another bio tech. i am talking about calithera. a stock that rallied on news th

whether marissa mayer can prove to be a good allocator of capital i think the jury is still out in some respects from the big investors that i speak with those are the kinds of questions that are raised. there are a number of residual questions and effects that will happen as a result of the biggest ipo ever taking place here in the united states but the impact on other big technology companies out in silicon valley and elsewhere. >> i think it is fair to say that it is not just alibaba a parallel to amazon. when you look at all of the things that it can and will potentially do. going forward do you think the fundamentals are in place for alibaba to have the ingredient of success? >> here is another way to look at it. a company like alibaba, a huge market capitalization, enormous growth and very high margins, it is a very rare occurrence among ipos. institutional money managers are going to be looking at this as a unique way to create alpha. it is not in any of the indexes and won't be for quite a while and the etf that is going to be an owner of it is the ipo. here is a way for an inst

s marissa mayer joined in 2012.ting that a retailer as big as walmart has an e-commerce and technology committee. e-commerce just 3% of the company's revenue. clearly wants to grow that. >> the person that came to mind, sheryl sandberg and her team take a trip to paib. walmart is the hardest advert e advertiser to get on board. i've never gotten them in my career. you're going to get amazon. amazon will advertise with everybody. walmart is hard. kevin goes on the board. couldn't be a more important relationship for facebook. >> sistrom told me he was in high school during the dotcom bust. interesting. 30 years old on walmart's board. >> instagram account 44,000 followers. maybe will grow that too. >> can't get much smaller. good to see you as always. >> when we come back according to the ceo of zappa, sin city is the next silicon valley, he'll tell us why when "squawk alley"s comes back. ♪ ms? i sure hope so. with healthcare costs, who knows. umm... everyone has retirement questions. so ameriprise created the exclus

has to prove, and they haven't in the tenure of marissa mayer, they have to prove they can diversifyake money. and right now the market is valuing yahoo! basically for its alibaba stake. as that reduces -- liz: it's like alibaba is yahoo!'s floatation device right now. am i saying that properly? >> exactly right. and if you look at some of the valuations on the company, they're basically valuing the yahoo! x alibaba at zero. liz: james rapid ratings is a living, breathing number. that could change, correct? >> that's correct. every quarter we will rerate the company. liz: we'll bring you back. we'll be watching this ipo very closely, no doubt, rapid ratings chairman and ceo, giving alibaba a 71 out of 100 which is pretty good. >>> fox business is the place to be for extensive coverage all this week leading up to the stock's trading debut on friday, so don't miss it. ticker symbol baba. closing bell 315 minutes -- 15 minutes away. do you wish you could look as glamorous and classy as kerry washington's scandal character? we will show you soon, in just a few minutes, tell you which ret

marissa mayer, of course.ultimate bull/bear debate on "after the bell" after a quick commercial break. stay with us. guys! you're not gonna believe this! watch this. sam always gives you the good news in person, bad news in email. good news -- fedex has flat rate shipping. it's called fedex one rate. and it's affordable. sounds great. [ cell phone typing ] [ typing continues ] [ whoosh ] [ cell phones buzz, chirp ] and we have to work the weekend. great. more good news -- it's friday! woo! [ male announcer ] ship a pak via fedex express saver® for as low as $7.50. [ male announcer ] ship a pak via fedex express saver® know that chasing performance and fewer choices in retirement. know that proper allocation could help increase returns so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking experience with personalized guidance and online tools. visit a branch, call or go on

. >> i don't see marissa mayer's name here. >> this was pre-2000 and eight. it was something all the big tech companies were dealing with. >> why are we surprised? >> we are also priced at the extent to which the government was pushing the tech companies to give up data. it is all coming out now, especially as we try to figure out how much cyber workers are taking place. >> very good. the associated press reported earlier this morning -- on these new sanctions. they're enforced against russia's previous penalties. what value have they been? we go to hans nichols to link in the sanctions with the president's news in ukraine. what is different this time? first., the eu went this is really them going ahead of the u.s.. the sanctions prevent subsidiaries from raising funds. they promote longer maturity than 30 days in europe. something similar to obama later today. >> can russia retaliate? >> yes, and that is what everyone is waiting for here. an, these sanctions have been talked about for the better part of two weeks. they were finally published in a brussels re

he's a first tech person on the board, that would be marissa mayer.irst bro and the youngest guy on the board. this is not wholly out of keeping with what walmart has been doing. they have been doing this big push into e-commerce and mobile and now they get more than half of their sales on mobile devices. they have revamped the website and they are pushing more into that world. they have made a lot of acquisitions and have 20 people in san bruno, california and have a silicon valley presence. a line ofe latest in them doing that. >> doesn't seem like a proactive move or defensive one? attack on one more board seat and tack on one of those guys who understands how the social stuff works just to protect themselves. >> they have been rather offense of with the other moves they have made. other retailers, they are not necessarily doing things like this, so you could argue it's more offensive will stop we just got some numbers from cantor retail. less than 6% of walmart shoppers are aged 16 to 24, which is not that much different from other retailers of th

defense, i love what you said about we are counting the beans, but what is the action plan that marissa mayering this morning to engineer, 32er years old, has one child, and wants a second child? to marissaot speak mayer specifically, but i do think it is great that we have young, dynamic ceos at the leadership of these companies and that will actually continue to inspire people to stay in those leadership roles. i have a 10-year-old daughter and she looks at people like orissa meyer as aspirational. i hope that she will look at that and say, it is important for me to have a career. >> how was it that you are able to choose to stay in? >> i have very supportive infrastructure around me. a very supportive relationship and a really supportive partnership. we have seen how google and do so well, versus the rest of the city is left wondering where they can live? valley has silicon created 20,000 new jobs in the last year. error 4 million tech jobs around the country that are still open. i am excited about the opportunity in terms of pure job creation. the bayage salary in area is high. it's it is

will marissa mayer seed to activist investors and make a bid for aol? you need to know this morning on "bloomberg surveillance." -8 on futures. now, -12. significant dollar strength. let's go to adam johnson on a merger. >> one of the stocks that is bucking a trend today. dreamworks. 21% in the free market. us because you to jeffmewhat regularly katzenberg. we may have solved a little bit of a mystery. havedo you do when you millions of dollars in alibaba cash? , 2 take some of that money billion dollars or $3 billion and you spend it on dreamworks. this is may -- maybe what we have at work. why does he want dreamworks? he own sprint. he wants to increase subscribers. content.by buying more by exclusive content coming up from dreamworks. the problem is that this is a variety piece on dreamworks. they have shrek as their cover picture. that is a couple of years ago. that is over 10 years ago. [laughter] that tells you how long it has been since they have had a really big hit. dreamworks is still associated with "shrek." to be softbank is able inject more

there's no doubt what marissa mayer hahn done has been a pretty great job thus far.e's turned the company around, the products the better. now the next question is how do you attract advertisers? froonkly, we haven't seen that yet. there's a lot offing this things going on for yahoo!. they are em brating more enigmatic more and more. you hope that the new products can ininturn drive more. the numbers, they're just not coming through. it will take three plus years for a company of this size to turn around. there's certainly potential. we're sort of waiting to see it happen more than just assuming it will happen because it's not easy. >> ron, thanks for joining us this morning. >> thanks, becky. >>> a programming note for you, alibaba executive chairman jack ma will be joining "squawk on the street" live at 9:30 a.m. eastern time. this is a first on cnbc interview. i keep catching myself saying alibaba, alibaba. >> 56-0 in the third quarter? >> what game? >> bucs and falcons. >> ugly. >> wow. >> ended at 56-14. got close. >>> when we return, derek jeter hit a home run

marissa mayer has talked about the relationship.old onto as much as they can. >> emily chang, thank you so much. she will be speaking with jack ma live on the floor of the new york stock exchange at 9:00 eastern time. >> the other big story of course is the iphone. and, also the cover of bloomberg businessweek. at the newsstands today, so go and buy it. ♪ >> good morning everyone. i am tom keene. futures. really not a bad day. we're going to the jobs report here. already looking at early october? rushing september. >> it was actually cold this morning. cold for everyone waiting in line at the apple store. you paid a visit at 330 this morning? >> 3:32. i was our reporting in front of the crate and barrel building. i put some filter on to give it some pop. it was not nearly as beautiful as that photo. >> as you pointed out, this his, 13 blocks along, factors longer than the line that we solve for the iphone 5. with as is david kirkpatrick -- there is clearly some iphone 6 effects going on here. what distinguishes it from what has come

we spoke to were a semi or yesterday -- spoke to marissa mayer yesterday, with a very nice congratulatoryal company dealing with many governments. if you deal with them on communication, solve their problems, listen to them, that is an opportunity, and that is how we have survived for the past 16 years. we always try to say in love with the government but not married to them. this is our philosophy. usual the problem they want to solve. >> what is the timeline for u.s. expansion? >> we already have a lot of small businesses in the u.s.. in california, and washington, we are selling alaskan seafood. want to sell more things but we are coming here not to compete, but to help a lot of small businesses. a lot of things need to be done. it is not a competition. ventureabout a joint with amazon? >> i would be interested in talking. anybody thating, can help small businesses. we will be excited. >> you have a lot of u.s. committees try to expand in china and they have failed. what kind of mistakes are they making? they need to send entrepreneurs there. every market is a market economy. you have