adam bain had great success. outside twitter, sources tell me the company's recruiting firm spencer stewart has been reaching out to a wide range of executives. the board does remain cautious, doesn't want to make the wrong call. there is no doubt they are under pressure because the clock is ticking. >> are we expecting to hear within this next couple of hours what happens out of this board meeting? >> no. i mean i wouldn't really thi

adam bain, ceo, jack, you know, chairperson or whatever, that's fine too.hink that they're going to do well with either of those individuals. >> we'll see. obviously, the process continues. also, jason, this opinion piece by tech entrepreneur josh dixon claims there could already be a walking dead unicorn among us. >> unicorns die a slow death. i think you said on this program that it wouldn't surprise you to see 25% of start-ups gone in a year as capital starts to tighten. >> yeah. >> has that process already begun on the big guys? >>. >> i've been preaching. we've all been saying, hey, take it easy on the burn rate, everybody. let's try to get these companies to profitability. >> everybody is going to try to figure out, hey, how do we get all these companies to profitability? it's great for the start-up ecosystem. in the case of evernote, this is a great company that has probably over a million paid subscribers, and it's still growing. the piece is a hater piece kicking the company when it's down. evernote has massive challenges because apple's note takin

diligently doing reporting to get the outside names that could come in, in addition to jack dorsey, and adam baine the top internal candidates. everything we are hearing seems to be leading back to jack dorsey. he is the obvious choice, the interim ceo right now, but he is a complicated choice as he has another job -- he is the ceo of square. square has filed to go public. the board, on the other hand, is saying they want someone who can do this full-time. it is absolutely crazy to be the ceo of two public companies. important,wo hugely big-time jobs. if jack dorsey is the leading candidate, they will have to work the issues out. either the board will cycle back on what they said initially, or? make it difficult choice. alix: -- or jack will make a difficult choice. alix: someone will have to monetize twitter and get ad revenue in. do we have a timeline? emily: look, tomorrow they are meeting. there is a chance we could hear something tomorrow or shortly thereafter. other sources a real, in-depth search processes could take four months,e to and that puts us into november, december, but analysts a

in terms of adam bain s there a risk the company loses him which would be negative clearly. >> i don't so. at least not at this time. he stepped aside from the discussions according to reporting from kara to make room for dorsey if he wanted the job. so he's very much well liked in the company, well respected within the industry and i think there should remain a place at twitter with dorsey taking over as permanent ceo. >> i hate to be cynical but according to fact set, jack dorsey owns 3.2% of the company. so he's got about a billion reasons to try to monetize this company. do you believe ultimately twitter will be sold? >> i think the strategic value of it creates a floor to the stock, but i think that as far as selling the company, i think it's increasingly unlikely. you know, you have facebook encroaching on to its territory building similar capabilities. they are partnering with companies like google which allows them to license the content which diminishes the value of actually acquiring the asset. so i think they need to stand alone. they can stand alone, and if they do make the

product marketing, advertising and they've got a strong executive in adam bain in advertising.would guess they're going to pick a product person and they should. i think everybody feels like that's what they're going to do or they're going to sell the company. i don't think there's anything growing immediately. but obviously google, i've said this a million times, i think it's a question of sundar pachi who is running google -- >> you've been the first to wonder whether this is an eventual sales candidate i wonder what you put the odds at they found a ceo to run the company or whether the route they choose is a sale. >> i think if they get a big star, a big name, a big star, but a very qualified star. they can't get a name like, they can't get something like that a lot of executives surprise you and do a great job running a company. but you know, they really, they do have a very good product person in jack dorsey and so the question is he up to the challenge? can he deal with his issues around square and things like that? you know i suspect as a board they don't want to look id

no surprise, i'm a big fan of adam bain, we worked together at news corp. think he would make a great ceo. they have a founder who is back in jack dorsey. who i don't know personally very well. he's an incredibly bright guy. i think anthony nodo is super talented. you look at that trio and you say they don't need to bring somebody in from the outside. i hope they get it settled soon. it seem like they well. if it's, if it's some combination, i'm not, i don't know about that. i think you need clarity. i think our friend bob peck has said some sort of triumvirate. >> peck said that about you. >> i think they have qualified people there and i think what the company needs is clarity, direction and to get going. >> it sounds to me that you're endorsing bain. >> i'm a biased guy. i have worked with jack so i can't really say if he's great or not. i assume he is. he's a brilliant guy. started multiple companies, doing multibillion dollars. >> that's part of the issue, can you run square, can you run twitter at the same time? >> i think it's tough. i think it's tou

. >> twitter has been very good, give adam bain credit for monetizing the group of people that they have. >> it's not a huge and growing group, in order to satisfy their ambitions, the ambitions they sold wall street on. they need to be huge and growing. that is the bottom line with the ceo search and everything they do. >> everyone says the stock is up 3.5%. off a low base. i don't think we're going to see a huge pop with the ceo thing. i think peck is overly optimistic about a new ceo leading to a stock surge. it will be back to the growth question, it will be back to the questions again. >> well, 3.5% does get you back to august 18th levels. so they have actually almost a perfect v over the past two weeks. a cheaper tesla is coming. elon musk tweeting, model iii, our smaller sedan will start production in three years. fully operational giga factory needed $35,000, unveils in march. preorders start then. the stock is having a decent day at the open. here's the discussion, kayla. cramer this morning, a $35,000 tesla would make him go to and take a look at a car. but others say the mysti

the fact that twitter's board hasn't publically reversed its stance shines a spotlight on adam bain. even if twitter's board says they were okay with dorsey running both companies, investors at square might not be too happy with that. we'll have to see. square has no comment. back to you. >> thank you very much, julia boorstin with the latest. surprising we haven't heard yet from twitter who is going to be ceo permanently. >> it's taken a long time. 12 minutes left. art cashin walked by. $800 million to sell. >> that is in part what has taken some of the wind out of the sail with the market with the dow up 41 points. >> we'll take you to the close next. later, jessica simpson lit up the new york stock exchange ringing that opening bell, making the rounds. find out what she says is her biggest money mistake coming up. equals great rates. it's a fact. kind of like shopping hungry equals overshopping. at ally bank no branches equalsit's a fact.. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it wa

within twitter the two obvious candidates are jack dorsey and adam bain. they've been talking to a wide range of people outside the company. none are at any serious point in terms of talks and interviews with the board. twitter's board did say they are only interested hiring a full-time ceo. we'll have to see if they change their mind on that. >> julia, thank you. this is fascinating from a modern corporate governance story. can you think of any other recent examples of one executive being in so demand for two different companies he has to run them both at the same time? >> maybe along musk or steve jobs, right? when he was running pixar and apple. they made it clear they don't want to do that. something's got to give, clearly. >> so far it's twitter share price. >> according to reports, some walmart suppliers are lawyering up unhappy about new terms and agreements they say could potentially delay payment. >> walmart is telling cnbc the move is to get back to its everyday low pricing model. "we are looking at creating greater consistency to even out the pl

pat from cisco, jim from cbs bain frome and adam twitter. those are just some of the executives.the leading candidate is jack dorsey, one of the cofounders. he is the interim ceo at the moment. there do seem to be a lot of signs pointing at him. he is also the ceo of square. this other company on the way to an ipo. gaining in popularity, gaining companya hot newish that he is also dedicated to. you cannot just take them off the board of that company when they have put out their document and they said this is the guy who is going to lead the company as we head into an ipo. if he comes out of that, you have to rewrite your s-1 documents and re-communicate to shareholders, ok, there has been a management change, things have changed since we filed of those documents, it's a bit different now. it is not simple to pull him off of that or let him run to companies at the same time. erik: an intensely complicated situation because these three key members of twitter's pastor are on thed -- past board. we spoke to marc andreessen about this. i want to play an excerpt. i'm in favor of founde