emily: what did you think about chanhain-zuckerberg -- -zuckerberg initiative?been unexpectedly controversial. criticized for not giving to charity. it's characterized as an llc. is that unfair? sean: i don't think anything mark does -- we should not expected to be anything other than controversial. his intentions are entirely altruistic. it's hard to criticize somebody who is saying they are going to give away the vast, vast majority of their fortune. i think that the goal of saying it the way he said it and laying it out the way he explained it was to spark controversy. the media cycle is dominated by donald trump and terrorism and a lot of really scary things. i think mark felt an obligation to create a conversation around the role of someone who has vast resources to try to reshape the world. i think he has succeeded in that. emily: you founded the parker foundation. you are giving away $600 million to life scientists and the global health, civic engagement. how has your own strategy evolved? sean: the parker foundation is doing things that we feel extremely

but that's who we're betting with is zuckerberg and that's totally transparent. so my thing is if you don't like it, don't buy the stock. >> reporter: the mood of the shareholder meeting which took place in the hotel behind me was upbeat. when zuckerberg was asked if he plans to take a step back from management to focus on philanthropy he said no, he can't to continue to run facebook for quite some time, drawing a round of applause from the audience. >>> coming up, looking for a job? we've got the latest list on the best places to w >>> what to watch tomorrow as we reported, fed chair janet yellen testifies on the economy in front of the senate banking committee. european central bank president mario draghi speaks on the european economy. fed ex, often viewed as an indicator of the economic health in the u.s., will report earnings. that is what to watch tuesday. >>> a major victory for the daily fantasy sports business. over the weekend new york state lawmakers moved to legalize the multi-billion dollar industry which has come under scrutiny in recent months. the

. >> facebook planning for life at mark zuckerberg.hat does facebook look like after mark zuckerberg. the main thing is that they wanted to -- to feel as if he or she could do something without having to answer per se to zuckerberg. >> probably a negative. zuckerberg first came in, and everyone doubted him. and then a consensus became he was right on everything. and he flipped that switch. he had that call where everyone said, you know what, he's coming into his own. >> at this point, without him -- i understand that's not really the question. without him or anything that involves him signing off any of the reins, i think is a negative for facebook. it's up 13%. the market comes in, this one comes in probably harder than market. >> i understand there's value in zuckerberg being there. what if sandberg stepped in and became ceo? >> you know, on some level, if you want to stretch a little bit here, it gets into the apple metaphor here. somebody's calling me now -- >> we're only on the air. we've got a fire alarm -- >> we're doing a tv sh

>> there are risks and you need to give zuckerberg credit.bviously, people can make mistakes and the trends can be missed. i don't forsee that. that is a risk. there is a mechanism to get some change in the leadership. i think it is unlikely that it ends up being a problem. but, that is a risk. emily: someone asked if mark zuckerberg would leave facebook to pursue the philanthropic efforts. >> he said he would stay involved and the thing to note about the structure is that it is only if zuckerberg maintains the leadership. if he decides to leave and do philanthropic initiatives full-time, this voting structure is kaput. emily: there was a question about china. let's take a listen to what she had to say. she said -- we are having trouble with the soundbite. she said the mission was to connect everyone in the chinese market and to see what happens. is the facebook status in china going to change? >> i don't think so. i think it is unlikely. i think there are core values that the current government of china will not support and it is hard to ope

zuckerberg rules. he votes everything on or off himself.ut that's who we're betting with and that's totally transparent. that's the way capitalism works. >> actually, you know, that's actually -- that's actually not the way capitalism works. >> do you run a company? if you run a company, you want to stay in charge. >> julie, go ahead. >> thank you. that's not the way capitalism works in this country, and i believe when people go in to buy shares of a stock, you know, they're interested in owning shares of the company. that's why you buy shares of a publicly traded company. my beef with mark zuckerberg is, look, it's fine if you want to maintain massive control of the company. you should have hung onto 51% of the shares. that just makes sense. what he's doing is issuing class c shares. c with one vote, b wi a with one vote per share, b with ten and a with no vote per shear. >> what would you do, ron. >> would push a button and i'd be gone. it's really simple. you vote with your dollars. if u dwroenlt like the structure with the way he's inve

and what mark zuckerberg td dad. you're >>> the >>> the fund to help victims and families of the atlanta night club massacre got a boost. disney pledged a $1 million cash committee to the one orlando fund. in addition donations from disney employees will be matched dollar for dollar. >> next a special surprise for a group of nfl dads. we are just four days away from father's day. >> to honor the occasion courtyard marriott hotels produced a heartwarming video about nfl dads and their kids. they were asked questions about their fathers but they weren't told their dads were actually watching from another room. >> and what played out was just, i mean, so much cuteness. check this out. >> i love my dad because he's so nice to me. >> i love daddy because he loves me. >> like i love him more like i can't pick a number that i love him. >> daddy. >> what's up? >> love you too. >> it's moments where you really find out the things that your >> most important football come together but my family will last forever. >> some of th

coming up, the photo facebook ceo of mark zuckerberg that's really going viral. it's not about him per se but his laptop. what so many people are spotting on zuckerberg's computer that has the internet buzzing. can you see it? is it my space? friendster? >>> and the fight over whitney houston's emmy award. why the academy of television arts and sciences is trying to block her familyrom selling it at auction. you're watching "world news now." ♪ so i'm saving all my love, yes i'm saving all my love ♪ >> announcer: "world news now" weather brought to you by vistaprint. nt. if ynow's the time to get your ducks in a row. to learn about medicare, and the options you have. you see, medicare doesn't cover everything - only about 80% of your part b medical expenses. the rest is up to you. so if 65 is around the corner, think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help cover some of what medicare doesn't pay. so don't wait. call to request your free dec

no word on zuckerberg on the reported attacks. >> an astronaut. take his first step into a new inflatable room on the international space station. yes, he will enter the first human expandable habitat deployed in space. nasa inflated it last weekend. the first order of business is to install sensors to see in the inflate average room can withstand radiation and space trash that hits the space station. it is only temporary. i would not want to be in the room as it is tested. >> organizers of the copa america soccer tournament are apologizing for a big mistake. you are listening to the national anthem of chile. unfortunately it was supposed to be the national anthem of another company in arizona yesterday. the players from chile called it disrespectful. they return to santa clara tonight. argentina takes on chile at 7:00. we will have coverage of the game on abc7 news. >> you have a chance to win a power lunch with warren buffett. but it is not cheap. >> bidding opened for the 17th annual ebay auction benefiting san francisco's foundation. four mids

it was testing zuckerberg's security. no word from zuckerberg on the recorded hacks. >> an astronaut is going to take his first step into a new room on the international space station. but not any room. a room that has been inflated. jeff williams will enter the first human expandable habitat deployed in space inflating it last weekend. the first order of business is to install sensors to see in the inflatable road can withstand radiation and space trash that hit the international space station. it is only temporary. inflateable? plus space rash? >> you have a chance to win a power lunch with warren buffett. but it is not cheap. bidding over the annual will cost you more than $100,000 . $101,000 right new. last year it went for $2.3 million. the winner and seven friends can sit down with warren buffett at a stack house in midtown manhattan. bidding ends on friday if you wanted to know. >> i understand the steak will be delicious. >> it better be. >> does that come with sides? thank you is the conversation, right, sides? i

. >> plus, guess what mark zuckerberg says he's doing with 99% of his fortune? money watch's jill wagner joins us from the stock exchange, jill, good morning. >> good morning, brooke, jim. the markets open after another down week on friday, the dow fell 57 points, nasdaq dropped 44, futures those pointing to higher open. invest remembers closely watching the lead to up thursday's big vote in europe. british vote letters way in on whether the country should leave the european union, break up would bring lots of uncertainty to the market. some big changes coming to cosco today, wholesaler searching from american express to city visa. city will be mailing new cards to cosco customers, cash back rewards and other perks will automatically transfer. >> and today's facebook holds its annual shareholder meeting on the agenda, creating new class of non-voting stock, this way, ceo mark zuckerberg could transfer shares to the chan zuckerberg initiative without including his majority voting controls. zuckerberg and his wife have promised to give away 99% of their fortune to

jul jul julia boorstin has been covering the meeting. >>> mark zuckerberg and his board to solidify a>> over a five-year period, some of the newer initiatives that we're working on i think will start to not only become very large communities in their own rite, and some of these initiatives will also start to contribute overall to new businesses. i'm thinking about new apps we're working on like messenger, and whatsapp, which i think you can say pretty active communi communities whatsapp with more than 1 billion people. >> reporter: as zuckerberg continues to build the business, thanks to the new class of shares approved today he'll be able to maintain his voting control, even though he slowly sells shares to fund his philanthropic efforts. even though facebook share, up some 38% over the past year, zuckerberg's proposal drawing opposition from shareholder advocacy groups as well as north star asset management saying it's not in the best interest of shareholders. others say it comes with it. >> that's who we are betting with is zuckerberg and that's totally transparent. my think is if

facebook founder mark zuckerberg is talking to his neighbors once again. the changes he is making to his property in hawaii that has a lot of people saying he is ruining a stretch of one of the islands. >>> and it is what many have been waiting for, a cool down is on the way. i'm tracking this switch in the weather pattern for you coming up. >>> isis has released a video to threaten san francisco. it shows the golden gate bridge and scenes from the financial district. and it shows the las vegas strip and an armed gihadist in the middle east praising the orlando nightclub shooting. law enforcement says the video is not a credible threat and experts say that it is not the first time that isis has made video threats against san francisco or the golden gate bridge. >>> as european leaders grapple with the aftermath of the brexit vote president obama is remaining everyone to remain calm. we have more on the summit with eu leaders. >> a little bit of hysteria post brexit vote as somehow nato is gone and the transatlantic alliance is gone but that's not happening

mark zuckerberg just moments ago. looking for a way to beat the market? the upcoming referendum on whether to quit the european union, jackie looks how a potential brexit could cause chaos for the whole financial system. >> good evening to you, melissa. it appears brexit fears have backed off for a moment, but that doesn't mean there won't be more volatility this week. large futures clearinghouses, these are the companies that process and finance trade. signs last week they're raising margin requirements on gold, s&p futures, the british pound and the euro. what this means is that traders will have to post more money against their trades. now, margin requirements isn't all that surprising. but what traders tell me is interesting is the timing of the move. it's not that margin requirements haven't been raised before, but preemptive strikes ahead of an event is definitely more rare. stone, fxcm and 4-x.com. dramatic moves in the asset classes that i talked about, as of late. look at gold particularly. because it's being traded as a safe haven. last week gol

zuckerberg spent some time morning chatti >>> facebook live reached new heights today. ceo mark zuckerberg spent some time this morning chatting with the international space station. the subjects ranged from maximizing social media to following your passion whether it's becoming an astronaut or entrepreneur. >>> the investigation is expanding of the cincinnati zoo where a gorilla was killed. jamie yuccas reports. >> reporter: investigators are trying to figure out how a young boy ended up in the grasp of a more than 420-pound gorilla. the encounter which resulted in zoo officials killing harambe ignites a discussion of security. >> safety is vetted. >> reporter: according to the aza, exhibits where animals and visitors are not supposed to come in contact need to have at least one substantial barrier such as a guardrail or fence in place. on saturday, the child made his way past a three-foot fence through several feet of bushes and down a 15-foot moat. >> the exhibit is safe and the barrier is safe. >> reporter: the zoo has repeatedly defended their security. >> they nee

he was on stage moderating a panel with mark zuckerberg this morning. he says that the summit is close to his heart and that it's his last one as a sitting president. he says they have been able to help and support 17,000 entrepreneurs around the world in the past 7 years. mr. obama announced several new partnerships with big name mentors as well as $100 million fund to invest in worldwide startups. he was here to talk about innovation, dreaming bringing and entrepreneurship but he did start the talk with "brexit." he said he spoke with former prime minister david cameron and is confident the exit from the eu will be orderly and also said nato will stay united. >> but while the uk's relationship with the eu will change, one thing that will not change is the special relationship that exists between our two nations. that will endure. the eu will remain one of our indispensable partners. i believe in you. and america believes in you. and we believe that you have the talent and the skills and ambition not just to pursue your dreams but to realize them that

facebook investors will vote on a proposed new class of have mark will zuckerberg remain in an active the annual shareholders meeting into just earlier this hour. what were the big headlines? >> the reelection of board including peter thiel who was involved in the controversy lawsuit, and shareholder proposals that give mark zuckerberg control of facebook for as long as he stays involved in the company, those votes were approved. zuckerberg are ready majority voting control of facebook shares so it wasn't that much of a surprise, but it was interesting to hear people speak at the meeting and raise their concerns. what were some of the other questions that you did here? investor came up and said how concerned she was about governance, given that this would give one person control of facebook for as long as he stays involved, even if he sells off his stock. she thought that was just a bad way to arrange things. there are other interesting .uestions, name me about china sheryl sandberg answers that they are focused on learning about china right now. they are testing the waters there. she

give extra economic and voting rights to the majority shareholders today which is essentially mark zuckerberg. what this allows him to do is give away some controls without changing voting control.

the nasdaq finished 26 points higher, also its high for the year. >>> facebook ceo mark zuckerberg had twitter and pinterest accounts hacked over the weekend. a hacker group called our mine says it's responsible and is just trying to alert zuckerberg to security flaws. the group says it found its passwords when linkedin accounts were leaked last month. >>> and don't be late for your uber ride. the company is expanding a pilot program that gives riders a two-minute window to get to their car before charging a late fee. uber tested this in new york, new jersey, and dallas. riders were more likely to be prompt. so no doding. >> all right. time is money, money is time. jill wagner at the new york stock exchange. thank you, jill. >>> still to come, carpool karaoke stops on broadway. the stars of "hamilton" and others join james corden for some classic show tunes. ♪ tamin do more for your immune health? now one a day has the first multivitamin with probiotics to support the 70% of your immune system that's found in your digestive tract. new one a day with probiotics. your multi with more. tt

during the visit he will meet with mark zuckerberg and will have a facebook live conscious. rebound obviously is getting victim treatment when he visited the silicon valley. how about the rest of us? people would cannot meet zuckerberg in person are flocking to the bay area just to stand outside of the tech companies. matt keller is at google standing outside of the tech company. >> this is a "thing." thousands come to google and mountain view to work and hundreds of others are coming here to watch them work. silicon valley is now a tourist hot spot. while it is not a three hour tour because of our traffic you will not see skippers or gilligans people are look for the best and brightest of the tech industry. one tour again said that silicon valley tours is the must popular in the bay area even eclipsing the san francisco sites. what are people looking for? some of must popular defendant nations are thumb's up facebook sign in menlo park, google droid sculpture garden this some companies are offer thursday for $100 but have for have a minimum of 25 people in the group. do not

zuckerberg purchased this land in 2014, it includes a beach, a schedul sugar cane plantation. and a farm. in april, zuckerberg made a remark in opposition to donald trump's proposal to build a wall on our southern border with mexico. >> coming up, good news for financial sector, big banks pass latest round of stress tests, and announce buybacks, they are look higher, could be a big day. shawn will discuss it when we come back. if you take multiple medications a dry mouth can be a common side effect. that's why there's biotene. it comes in oral rinse, spray or gel, so there's moisturizing relief for everyone. biotene. for people who suffer from a dry mouth. you do all this research on a perfect car, then smash it into a tree. your insurance company raises your rates... maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. liberty mutual insurance. approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is

mark zuckerberg holds a live q&a from space. aliens, no. we will tell you how to nasa achieved stratospheric success in social media. but first to our lead. uber has turned to the middle east for its biggest investment ever, the company announcing a $3.5 billion raise as part of their most recent funding round, keeping the valuation at $62.5 billion. the saudi wealth fund managing director will take a seat on the board as part of the deal. eric newcomer joins us with more. this is shocking. are these guys on a permanent fund-raising scheme here? they just keep raising money and keep raising money. eric it certainly feels like : that. $9.5 balance sheet is now billion in cash, on hand. they are flush with money from the private markets. there raising from everyone under the sun from google to tbg and now we have these huge sovereign wealth funds. everybody you can imagine is investing in uber, it seems. a million curious aspects to this. valuation, while high, it stays at that even though it is a subsequent round. whose equity is it selling

coming up, mark zuckerberg and priscilla chan made their first investment.to tune this week. we will give you all the best interviews from this week, including elon musk and steve jurgensen. are we living in a matrix like simulation? yeah, that's nuts, but this is "bloomberg west." ♪ cory: mark zuckerberg's new venture is making its first bet. the chan-zuckerberg initiative announced it will leave a $24 funding round for a company called andela. the start up trains stop her developers in africa and gives them full down -- full-time roles and international companies. the founder joins us right now. this is really cool. this businesshow works. exactly as you said, we find genius level young people across africa and give them the exposure and experience they need to operate as team members with top tech companies around the world, facebook, microsoft, google, and dozens of tech startups around the u.s. and africa. cory: tell us about what kind of education these people need to get on board. jeremy: 75% of andela fellows actually come with a background in cx or

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