a got a twist today as the ceo jonathan bush that it got its wish today as ceo jonathan bush was leaving allegations of inappropriate treatment of female employees and maybe the company would be for sale. welcome, scott. it looks like elliott management got its way. >> not necessarily in terms of buying the company at getting the ball moving on a potential sale. this will definitely put the company in play. david: they mention management and needing to change management when they said they would offer to buy the company. they got the management change. >> there was a general belief that athena health had hit a ceiling in its ability to continue the way it was. a great company and worth about $6.3 billion. jonathan bush, over the last two decades, but recently several reports including our own starting to surface about some inappropriate behavior, particularly when it comes to female employees, and also disturbing allegations about his personal life in terms of an assault on his wife more than two decades ago. one decade ago, sorry. shery: ever-glory says athena health has more than 90% c

steps down. >> julia, ceo and co-founder jonathan bush steppingown this ahead of the company'shareholder meeting in a protracted battle of control for the electron flick health records firm, follows revelations of jonathan bush having assaulted his wife more than a decade ago during their divorce. this is t management performae. bush and the board have been under pressure to sell the company under activist with elliott management, and clear bridge also pushing for a new direction. in a statement bush believed working for something greatef i you can do athena health has been that for last 21 ynose thingthat made m are e exact things that are in the way of the firm's potential to transform health care the stock up more than 20% since elliott offered 160 per share a month ago, hitting a new 52 week high today the board saying it will explore possible sale. evercorp analyst ross mucken puts the odds 60% it will be taken private by elliott. atheen ya represents what he believes is the best asset, cloud based, raising his price target to 179 and john, he thinks it's somebody outside

scarlet: we have not talked about jonathan bush h and his departure.is a place in the corporate world for people like jonathan bush? in as he said, some of the qualities that helped him build his company, perhaps are some of the same qualities that helped to bring him down in the end. saying iill preface by am not a jonathan bush analyst, and i think that what happes pey business, quite frankly, but one of the things i have observed of him over the past 15 years i have known him is his incredible passion for the business. i, as an analyst, i like founder ceos, they bringelement of passion to the business that is unlike a hired gunmen who would come to take over the company. i find it refreshin ithink in th immense friction costs. we are not done with innovating in health care right now, we need somebody with that passion and vision to drive that innovation agenda. and i do think that there is a role for jonathan to play, and i would be surprised if we do not hear about it sometime soon. julie: talk about then at athena, who could replace him and does i

jonathan bush is out. >> yeah. so disturbing. some stories came out yesterday about some behavior that seemed ill advised. the company appears to be explore strategic alternatives people may recall elliot large shareholder $160 share all-cash offer to acquire athena. we got these revelations, potentially, many years ago, though it's unclear what the impact would be and don't forget who the chairman is. chairman of the board of athena health. >> the predecessor to john flannery. >> correct he's been busy but no shortage of things for them to try to figure out over there as they deal, as well, with the desire for a shareholder to buy the company and whether or not there are other buyers out there. >> and that's not -- they have more -- they have more companies. i know the research. they are capable certainly of buying this. they're not short turn arounds. >> he's been appointed executive chair. mark levine a cfo will assume greater day-to-day board activities. >> this is shocking. let's say it it's shocking. this is his company. >>

jonathan bush has been under pressure to turn the company around in february, he seated the chairman job to jeff immelt, and he relinquished his ceo job and his position on the board. the writing on the wall after reports he had abused his ex-wife during their divorce proceedings for which he apologized publicly. ultimately, this was about activist investor elliot management pushing the cloud-based health records firm to restructure, manage better, and sell the company shares this morning touching a new 52-week high, topping elliott's $160 a share offer made a month ago, as the board now says it's exploring a possible sale as it looks for a new ceo. in a statement, jonathan bush says he's come to realize that the very things that made him useful to the company over the last 21 years are now exactly the things that are in the way of athena's potential. scott. >> bertha, thank you very much for that update. bertha coombs at the nasdaq. here's what else is coming up. >> the retail sector outperformer the broader market this year. but one high flier just got a downgrade today. the depart

the athena health ceo jonathan bush is out. jeff immelt is in as executive chairman. elon musk and his board win a vote of confidence from tesla shareholders. >> it is a victory. it is not surprising given the base. erik: big money. big ideas. bloomberg speaks to figures in global investing. >> it is a sellers market. japan is not only growing in real terms, but there is a fundamental restructuring happening. >> we should start looking at china equities as sin stocks. erik: and the ubs ceo offers this advice during the recent market volatility. >> this is not an environment in which you put on more risk. erik: it is all straight ahead on "bloomberg best." erik: hello and welcome. i am erik schatzker. this is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. last weekend, officials from the u.s. and china met in beijing hoping to make headway on trade issues that of but the nations -- issues that have put the nations at odds. despite a cordial veneer, by monday, the two sides w

jonathan bush's tv personality was billy bush here's a look at what he had to say about this he saidailer, trying to unseat my brother from the company he built in his basement and they will stop at nothing. so again, knowing a lot of this is speculation about what's happened here. is this going to come back now to elliott as people are saying, wait a minute. this is -- your tactics are getting too dirty or whatever the case may be. >> let's say that did something that is digging up old dirt from the past it's all things that, you know, they're completely -- it's part of the realm of what an activist would do it's their job to dig up this dirt, to get their way especially if it's something that's accurate. now, if they're going around defaming any of these individuals who were ousted as a ceo or spreading rumors or lies about them, that would be one thing. but if they are finding information that's true, that's a common activist tactic in order to get their way >> mike, do you think the personal life should be off -- you know -- >> again, these are basically matters of even though th

ofre are allegations misconduct against ceo jonathan bush that raised questions about his ability to country. they are facing takeover . that is your bloomberg business flash for this hour. equities,uropean still away from the wednesday session, it's a mixed day would gains in london and flank for -- and frankfurt. the ecb is discussing the end of program that spooked investors. this is bloomberg. ♪ loomberg. ♪ . am markom london, i barton. a little change, lower with food and beverage and household goods and health care insurers the worst performers. it was all about the ecb which i shall come to. after a decade of cheap rate leverage and european companies, never been so low. ratio of the stoxx 600 at its lowest level since at least 2002. leveraging in recent years among loose funding conditions. has zero rates and borrowing in the region plagued bying economic and political outlook and weaker banking system. italy versus germany, the 10 year yield, it's you know what happened last week and we have come down since the highs of last wee advising today with the spread of working basi

allegations of misconduct against jonathan bush raised questions about his ability to raise the -- rune company. amazon may be considering a move into home insurance according to the information. work ongs from amazon's connected devices in the home. the website says smart devices could be used to monitor threats such as fires and that could lead to cheaper premiums. bank.hanges in deutsche the heads of the leverage business are leaving. ceo is scalingew back in the advisory businesses also senior executives. that is your bloomberg business flash. soaring.shares are this comes after the company's annual shareholder meeting in california. abigail doolittle is checking up on the stock. the best day in years, not too much new came out of this meeting. it could be a short squeeze. , looking at 5000 models produced each week. it could come as early as july. chairman, the sovereign fund wanted him replaced. shareholders voted that down. he is reaffirmed his status as this visionary god. stock ise fact of the going up, it also implies he still has some credibility. he still says we going to h

in a statement jonathan bush said he resigned because the very things that made him useful to the companyver the last 21 years are now exactly the things that are in the way. >> all right, thank you. >>> a city analyst just raised her price target on the stock to 160 fromd shexplores the reasony a prive transaction might make sense for the company. recei stephanie, take private, does that mean that elliott wins? >> it could be elliott or another financial sponsor. i believe elliott is the most likely as they have been closest to the name for the past must be about a year now i wouldn't bif there are multiple bidders >> so how high do you think the price tag could go >> my animal cyst i'm saying 160 to 170 makes sense for a financial sponr. anything higher, you need a strategic. but that is unlikely >> so if it is taken private, what happens then? you say that is a way to really improve their business what is the ultimate end game? >> ultimate end game, you could either focus on the margin turnaround and then sell to another private equity firm, which is more growth focused and get athena

died as a result but analysts say southwest could benefit from lower taxes >> i was thinking of jonathan bushey're going to go through your garbage >> yeah, yeah. >> if you're a ceo now and elliot is on the other side. >> they play rough. >> right >>> some new data from the cnbc fed survey finding support on wall street for the president among big negatives for his trade agenda steve leisman joins us now with the -- we're calling it timely -- >> we usually do the survey on tuesday. ly i will tell you our meeting took place last thursday and friday we asked do you approve or disapprove of the president's handling of the economy. the president's numbers remain strong here. down statistically insignificant numbers. 55% approving. 24% neutral. 22% disapprove but then we ask about do you approve how the president is handling trade policy, and the numbers are strongly negative. people making this distinction between overall handling economy. i find this in our overall polling when we do our national polls, people approve of his handling the economy more than they do his trade policies we asked how

scott gottlieb, okay >> totally different name, while she's here >> jonathan bush >> that's not the guyis a different guy. we don't know who they picked. he's available what do you think of this whole situation? >> i mean, the personal aspects aside and why they coincided in time with the elliott offer. i would aren't want to speculate on the exposure, but we've done a survey and we're looking at the growth in ambulatory medical records which have slowed down considerably the replacement opportunity doesn't seem that strong the offer from elliott is pretty good with 160 and if they do due diligence they will up it and maybe another ep consortium comes in with a competing bid and lex turner who is more hospital focused and we think the general will push this agenda a long and they haven't appointed a new ceo yet. >> do you think the tech company will have it >> like cerner >> like an apple or a google or microsoft. >> interesting. >> because they just did a deal with apple. >> yeah. yeah to provide this data to the consumer and ultimately that's what the company will do in the short term

the table associated press white house reporter jonathan lemire, former republican congressman david jolly. elise jordan former aide in the george w. bush state department and nick political reporter joins us. i read your piece last night on the rally. i watched that. he seemed to swerve between doing his honey dos, whatever was written for him on the teleprompter and getting back into his sort of bitter airing of grievances which was most of what we just aired. >> that is kpangtly right. a little throw back to 2016. certainly plenty of hillary clinton attacks with -- accompanied by lock her up chants from the crowd. those have not gone out of style. plenty of complaints about the media coverage. in particular our reporting indicates he has in recent weeks been furious at how he feels like he's been given a raw deal from the press about his summit with north korea, that he hasn't gotten enough credit, he's not being appropriately viewed as the historic accomplishment that it is. certainly there was his up -- obsession with the fbi probe and trying to discredit those investigating him. more than anything, it was still about immigration.

jonathan karl. donna brazile and chris christie, former governor of new jersey now an abc news contributor. you served in the bushhite house, not during hurricane katrina. some people started to say this week president trump's katrina moment. is that what it is? >> well, it's hard to say that because d are exactly already a where george bush's were in the aftermath of katrina. if anything, you could argue that donald trump's katrina was a his inaugural speech. after that his numbers dropped. and they haven't surfaced much since then. there are similarities. there's a huge difference. katrina was an act of god. this was an act of donald trump. in his mind, may be an act of god. you never know. it demonstrated a level of incompetence in the bush white house. and then it told a story along the way along with the economy. it framed the reference point for the entire rest of george bush's presidency. it's quaint. it's funny to look back at katrina. george bush was criticized for spending one extra day on vacation. and within four days, he had allocated $10 billion to help in katrina. this is a whole different affair.

jonathan turley back. >>> i believe we have mike murphy now, republican strategist, joining us. he was an advisor to george w. bush. mitt romney. john mccain, among others. mike, curious about the politics on this. let me put the person tags i think we wi put the interpretation you hear. in this mid-term election year there's been an enthusiasm gap, democrats mobilized to the hilt. election day, circled, can't wait to get out the vote. from the republican side, more of a question mark there. but if you throw into the middle of this a robert bork-like supreme court fight into the middle of the summer, maybe into the fall, there it is, that's the thing that could motivate republican voters equal to where democrats are. do you think there is anything to that? >> i think there is something to it. it is already a red-hot election. i think president trump has done a pretty good job of getting more casual democratic voters who tend to only vote in presidential years to do what they normally don't do, which is ebb gau engage in an off year. we've seen that in special elections. my guess is will heat up everybody. republic