if he doesn't, adam bain in my speculative view gets the job.se he fits exactly the mold of jeff wiener, a great executive who is grabbing for the brass ring, a big jump, a ton of experience and successful track record. i don't think the company can sustain an outsider at this point. >> to jon steinberg's point. he's a founder or co-founder, dorsey, but he doesn't have nearly the stock ownership that zuckerberg has at facebook. >> the stock ownership became diluted when the company went public and they've brought in hundreds if not thousands of new investors. your point is good one. but i agree with jon steinberg that a founder does have a divine right. mark zuckerberg said one of the reasons why there is such a cloud hanging over twitter is because you don't have a founder that has control over the company. that has a long leash, that has the trust of investors. has run way to do what they want to do with the product. that has shown their performance over the long-term. the problem is that jack dorsey has founded two companies, if you're going

there is adam bain, more on product revenue side. if they go with adam bain, i feel like they're going to focus internally and really try to grow the company to its full potential. if they go with anthony noto, more of a banking person inside of twitter i feel like they will get ready for act with with significance. i am -- acquisition. i'm trying to listen in as investor. deirdre: do you actually have a preference? >> i would like to see someone internally grow current acquisitions. they have four acquisition that three or four months. one is periscope, you look at live broadcast of earnings on periscope, which is live broadcast streaming service which will be phenomenal. meerkat is another player in the space getting a lot of buzz and noise. twitter i think will take off with periscope. that is number one. companies they bought recently, major focus as investor i like to see them keep working on user interfaces like they have last few months. continue on growth patterns and really get this company to the full potential i could actu

or should it be someone like adam bain?id: you can even tell from what sarah said about his responses, he does not know himself. he has two companies, he loves them both. no one should try to be ceo of two companies like that. i think that he would even acknowledge that. my own feeling is that if possibly twitter were to be really reconceived, it would have bigger long-term opportunities than square. if i were him i would probably rather be ceo of twitter than square. i think he has a lot of public currency as one of the cofounders and to some extent a real inventor of the product. what it is a real tough answer. i cannot say that i really know. twitter is the tough one. square is a tough one at the moment as well. it has a great opportunity but it is not a clear pathway. emily: this is the most riveting soap opera going on in silicon valley right now and we are all watching to see how it plays out. david, scion, -- simon, sara thank you. time for our latest "bloomberg west series," "bioengineering senses." today we meet or

on one hand, adam bain's team, on the revenue site of the business is performing extremely well. beat expectations on the top and bottom line for the second quarter. but really the issue is and continues to be, the struggle to accelerate user growth. and the problem with that is, twitter is not yet at scale. so they cannot compete effectively against facebook or google for ad dollars and if they can't accelerate the user growth, ultimately the advertiser revenue dollars will hit a wall and we have the change in sentiment here this morning. >> from my perspective as i was looking at the transcript of this. i felt good about it. because they were finally owning up to the problems that a lot of us have been talking about all along. it seemed to me like they were living in some alternate version of reality. slowing user growth is really okay. they were kind of big enough. people shouldn't be paying attention to monthly active users, it's as if they got on board with what everybody else has been looking at. we do want to be a mass market mainstream service, that is what we want. we're

>> no, but still adam bain leading the list. >> say again? >> we've narrowed it down to those four with adam bain leading the list. >> i got you. stay with me for a second. i want to go to our dom chu at our breaking news desk. >> quick update. per "reuters," twitter has denied the report of any kind of a potential deal this according to a twitter spokesperson, so "reuters" is reporting that twitter is on the record denied reports of a potential deal citing a spokesperson. so it was fast and they came out and said it. so again just to bring you the update. twitter denies report of a potential deal. so says a spokesperson from twitter. back to you. >> dom, thanks. bob i'm going to let you run. i don't think it's worth dwelling on what obviously is a fake report. great to have your insight on what you think the near and perhaps even long-term play is for twitter. i know we'll talk to you again soon. >> bob peck over at sun trust. i'm going to turn to you mario. not so much about twitter specifically. what does it say to you about the markets th

>> likeliest pick is adam bain. the head of sales now. he's been there five years.and his organization have performed really well over those five years. and i think he's going to have a support of the board. i think he's going to have the support of employees. so i think he's the most likely pick and he, i think he will do a great job. >> are people underestimating dorsey and his chances? >> i think you can't count him out. because i mean i think, how these co-founders decide to go or to vote, i think is going to carry a big weight on the board and on the search committee. so there's obviously been a lot of drama behind the scenes. where dorsey was on his first cnbc interview after the announcement, he was sort of suggesting like he was interested in the job and the board puts out the press release a few days later to say we won't consider anybody unless they are a full-time ceo. which seems like a crazy pr to have to put out. if he does suddenly decides he does want to throw his hat in the ring, i think he will get strong consideration. >> you don't own the stock,

adam baines a solid guide. running from ca -- ceo and the new guy that will maybe be ceo. to recruit, tougher to retain. advertisers will not cut as long of a deal. if anything, it is in their interest to lower at dictation. they have a user issue. i think they spoke, because it in fairness it is to monetize. i think facebook continues to prove people use it. we were scared a year or two ago kids are leaving. people with dollars, older people are using facebook. it is kind of like the telephone. if my mother uses the phone and i use it next -- betty: i think i read somewhere the fastest-growing segment is people over 50. >> they happen to have more money than kids who are 15. betty: square and ipo news that came out friday. the whole payments processing world. bring up this photograph. >> this is a great photograph from the weekend. i am aghast on. i don't even remember where it was, and those are the payment options. you will notice everyone from these last jacquard and a bunch you have never heard of. we don't yet have apple faith and google pay -- apple pay and google p

>> well adam bain has been performing at the company. it's well-liked. externally with advertisers as well as well liked by employees inside the company. so we think adam bain is probably the best choice here for twitter, but either one is going to have a really tough challenge ahead of them. >> mark you always hear the comparison when it comes to twitter to facebook. do you think that is a fair comp and if so then where does that put you on twitter and on facebook ahead of earnings this morning? >> well i think one of the misconceptions is that twitter and facebook are pretty similar businesses. and they're really not. twitter is a news consumption platform where facebook is really around social networking. you're looking, you're reading and catching up with friends and family. and because of that the engagement is very very different. you have four to five times the engagement levels by the users with -- at facebook than twitter, and you have the viral feeling. if your friends or family are on facebook you want to be there too. you don't have that with

i know they've talked to adam bain who is the chief finance revenues guy there.ithin the company. he could be a great choice, i know they've talked to jack doorcy jack would be a great choice, but jack right now is saying he wants to stay at square. then there are a few people at google that they're looking at. and they haven't reached out to anyone with an offer. but there are a lot of people at google who understand product and i think that could be a good choice over at twitter. >> maybe dr. dre over snoop. >> the final is dr. dre runs product and snoop does all the cloud stuff. >> nick, a great piece, we'll see you soon, thanks for joining us. >> thank you very much. >>> nick bilton of the "new york times." >> when we come back, volatility continues but it is another strong day for stocks. the dow is hanging in there. what if there were only one kind of dog? then it would be easy to know everything about that one breed. but in fact, there are over three hundred breeds of dogs. because no one can be an expert in every one... an app powered by ibm watson will h

you talk to your mom about what you want to do adam bain is a clear front-runner as well.ves the company. a great track record. >> the president is speaking live in the rose garden about relations with cuba, let's take you there live. >> more than 54 years ago. the height of the cold war, the united states closed its embassy in havana. today, i can announce the united states has agreed to formally reestablish diplomatic relations with the republic of cuba, reopen embassies in our respective countries. this is an historic step forward in our efforts to normalize relations with the cuban government and people and begin a new chapter with our neighbors in the americas. when the united states shuttered our embassy in 1961, i don't think anyone expected that it would be more than half a century before it reopened. after all our nations are separated by only 90 miles and there are deep bonds of family and friendship between our people. but there have been very real profound differences between our governments. and sometimes we allow ourselves to be trapped by a certain way of do

coming up on cnbc could adam bain be the next ceo of twitter?uawk alley" discuss it is after this break. i take these out... ...to put in dr. scholl's active series insoles. they help reduce wear and tear on my legs, becuase they have triple zone protection. ... and reduce shock by 40%. so i feel like i'm ready to take on anything. when you're not confident you have complete visibility into your business, it can quickly become the only thing you think about. that's where at&t can help. at&t's innovative solutions connect machines and people... to keep your internet of things in-sync, in real-time. leaving you free to focus on what matters most. >>> good morning, it is 8:00 a.m. at twitter headquarters in san francisco, 11:00 a.m. on wall street and "squawk alley" is live. ♪ ♪

any update and whether the interim ceo jack dorsey who said he's not really interested or perhaps adam bain and third area to watch is twitter's strategy. questions on how it plans to change the service in order to add new users. they are working on a project overall. it's not due to be revealed until the fall. these three factors, ceo hunt, product overhaul and user numbers are likely to overshadow revenue which is projected to grow 54% and earnings which are expected to double to four cents per share. >> profit number is expected to be good but the question for me julia, is has twitter peaked? >> it's all up to what happens with this product overhaul that's coming in the fall. project lightning is designed to add more users which would be a game changer for revenue and the viability of twitter to continue to be a stand alone business so that's what we really have to watch. >> a lot riding on that. nice to have you in the house. good to have you here. meg on pfizer now. >> pfizer up more than 2% after beating on the top and bottom line. a lot of interest in new products. barbara ryan joine

one of the people insiders people like adam bain who runs their advertising business which did prettyto be someone like bain or someone from outside or whether jack is in the running or not. these are things we want to know. >> thanks so much. >>> gilead's conference call is under way. let's get to meg terrell. >> huge beat in the second quarter with hepatitis-c revenues. getting more caller on how many patients have taken these products. gilead saying it has a 90% market share of hepatitis-c patients getting treated with gilead products. 85% of all patients are taking the combination pill from gilead. all together 470,000 patients worldwide have been treated with the gilead hepatitis-c drugs. they are talking about the length of growth left in the hepatitis-c market. investors are saying the market is still in its early days. they have seen a decline since a peak of the market in march. they are saying a lot of patients are not getting their prescriptions filled at pharmacies and that is why there is growth left. >> thank you. nice performance from that name. >>> up next another chec

they could be anyone from adam bain to ross levinson former interim yahoo ceo.its last earnings call the company offered disappointing guidance but 75% of analysts covering linkedin say it is a buy, including rbc's mark mahaney saying the company boasts one of the strongest revenue streams in the space with plenty of margin expansion opportunity ahead. >> yelp is down 11% on reports the ceo has said we are not looking for to be acquired at this point. >> right. certainly was a lot of excitement about who might be interested in yelp. i heard microsoft. with yelp, the problem is they are still strong net revenue growth. you've got 90,000 paying customers, but there were real concerns including international where there has not been enough traction according to analysts to justify the valuation. kiss disappointing news for yelp down this year. >> tonight on "fast money" at 5:00, the burger wars. we are blind tasting them and trading them. >> sign me up. have a great fourth. that will do it for "power lunch." >> coincidentally, this is the "closing bell." i'm bill g

bain? hunter: i think it is a full-time role, and jack might not be available at all time. police with adamed something that has existed before. -- at least with adam. emily: hunter walk, thank you for being here. it is great to have you back. before we go, it is silicon valley's version of the royal baby. mark zuckerberg and his wife are expecting a baby girl. zuckerberg also opened up about some personal details. they had three miscarriages until now, so congratulations, mark zuckerberg. and have a great weekend. ♪ mark: i'm mark halperin. john: i'm john heilemann. "with all due respect" to hillary clinton's summer friday document dump, thanks a lot, lady. ♪ john: happy national document dump friday. in our lineup -- money and insults. first, the trifecta of hillary clinton's disclosures are out this sizzling summer evening, the temperature in brooklyn is 89 degrees. health records, check. tax statements, check. since 2007, she says her family