business, areour you happy with this aol-verizon deal? arianna: yes. took some time to talk with the verizon leadership. i am really happy. before i read up for another four years, we will enjoy -- p for another four years, we will enjoy independence. we are going to go 50/50 video. i am excited that they are very committed to our growth. betty: how much is verizon going to commit financially? toanna: i'm not going disclose the exact amount, but they are very committed, both in financially but also in offering their platforms, which is significant. betty: i know you signed on for form our years. but in four years, does that necessarily mean huffington post stays in the aol-verizon world? arianna: at the moment, there is absolutely no indication that verizon wants to sell huffington post. it has just been finalized. we are all very excited about what we can build together. post-post-24 -- hu ff-post 24. there is a lot of top leadership, not just in the public and news, but also in the hole area of lifestyle and how to live our lives with less stress. th

aol is in talks to acquire three ad networks. could help aol bolster growing digital business. >>> roger goodell saying a ruling on new england quarterback tom brady's "deflategate" suspension could come soon, any day now. >>> women men's final at wimbledon is set and the men's semifinal is happening in hours. we'll tell you who will be on center court. >>> stock index futures lifted across the board. you're watching "fbn:am," your first look at breaking news. new york state is reinventing by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business sandra: welcome back on this friday morning. let's get you caught up on global market action. chinese stocks rallying after be

the question now, what will they do with aol? is a wireless company anymore?via: welcome back to the bloomberg "market day." a muggy morning in new york city but 84 degrees and cloudy. worldrom bloomberg headquarters. now time to take a look at the top stories crossing the bloomberg terminal at this hour. diplomatic relations between the u.s. and you but getting back to normal. yesterday the cuban flag went up over its embassy in washington, d.c. more than a half-century after it was taken down. several hours later john kerry made it clear at least for now the u.s. will not negotiate over its naval base at guantanamo bay. at this time there is no discussion and no intention on our part at this moment to alter the existing treaty or other arrangements with respect to the naval station. olivia: cuba's foreign minister returnantanamo bay must to cuba before relations can be completely normalized. foreign minister faced harsh critics of the nuclear weapons deal in his own country. he defended the historic agreement as it was formally presented to the parliament. i

first she was the grandma in chief who was a luddite "i'm still on aol. identity and",aol." that's always going to be a problem for her. i don't think bernie sanders can take advantage. >> tin oemmartin o'malley who has some of the same issues as bernie sanders has. >> i think it's two things. number 1 hillary clinton remains untrustworthy. people don't necessarily respect that she's connecting to them. she's still getting all the republicans. do you like them more than the other person. if she stumbles in these debates. if some scandal happens worse than ever before, i think jim webb once he officially comes into the race would probably be the person who could take the most advantage because he could present himself as a man who is of unassailable integrity. >> jason, thanks as always, we reesht it. >> thanks david. >> in south carolina, the confederate flag is still flying on the grounds of the state capital. that could change as the house has opened a bill to permanently remove it. the bill flew through state senate but in the house the fight to keep the rebel flag waving

verizon reported earnings posty, but with its aol huf edition, what kind of company doesn't want to be tomorrow? scarlet: mcdonald's is rolling out a luxury three-course dinner to diners in one asian city. back to one of our top stories. apple is set to report quarterly earnings after the bell. while analysts expect strong iphone sales, there are questions about the apple watch. mark: the company is tightlipped about the newest catch it, making it hard to figure out its performance so far. joining me now is emily chang. had ourrancisco, we apple reporter tim higgins. emily, what are we expecting after the bell? emily: a lot of questions and i don't know if they will all be answered. not a lot of information about the watch. there are some analyst reports out there suggesting that they sold 3 million in the last quarter. i don't think we will get that kind of clarity from apple. we may get some clues about how the watch is selling. one of the things that we will be talking about is a new survey out that 97% of people who bought the watch are satisfied with it, which is more positive tha

aol auto says you may need a 700 credit rating to get 0% on a car. but many people don't find that out until they have fallen in love with a car on the loot and are ready to sign the papers. so from the doesn't that stink file the reality of trying to get the low advertised rate. ad for 4% mortgage is same thing. without very good credit you won't qualify. the people who need it most can't get it. doesn't that stink? it's a lot different from five years ago when everyone with a pulse could get a low-interest loan. it's july 2015 the "new york times" saying 10% of the consumers are qualifying for the 0% interest so ask about it before you snowfall in love with something and don't -- before you fall in love with something on the floor and don't waste your money. john matarese. >> dangerous encounter. >> i hope it doesn't happen again. >> bicyclist recovering tonight after an attack that is a particular concern because of where and when. metro riders can't catch a break. and the many choices at nats park demands many inspections. so why were the food in

where aol's offices were. i'll be with mark zuckerberg, do you want to meet?d a meeting and i thought this was super interesting. these guys are up to something. i did a deal with facebook. we integrated aim into pages of facebook. in that process, that's how i got to meet them. emily: what was he like at that time? chamath: high potential, but still very young. emily: did you know? did you have a feeling that it was going to be huge? chamath: i don't think we knew until about mid-2008. then we could say to ourselves, there is a formula here. and by "formula" i mean that we understood the psychology of why people wanted to be a part of this. once you understand the psychology, that is just a matter of building features and software that bring that psychology to life. people loved this emotional and responsiveness that facebook could give them. the formula was to figure out how these early behaviors could then drive the ability for you and me to pull other people, and because you wanted more of that psychological feedback. emily: you are legendary when it comes

publicly admitted disappointment with their online display advertising business which ended up selling to aol. >> this morning anaheim approve add deal to extend a tax ban on disney land for 30 years in admission and in exchange, they will invest $1 billion to upbraid and expand disneyland and california adventure requiring disney to begin construction by the end of 2017 and complete the expansion in seven years. disney is the parent company of abc7. >> still cloudy and microsoft has the forecast coming up. >> good morning from the roof is one of our story lines with temperatures up to nine degrees cooler because of a thicker marine layer and i will tell you how much longer that will last with some drops from this where measurable precipitation the next 24-36 hours and summer is coming back to the forecast and i will tell you when it will be hot. >> thanks mike. ahead a plus-size shopper is standing up for a selfie and her powerful message on self esteem and show h >> covering daly city dublin los gatos, and all the bay area, this is abc7 news. >>> unlikely driver in kentucky is making other

the acquisition of aol was a key step to build verizon into a media company. you look at the evolution of wireless. it's gone certainly beyond voice and data and really video is the driving factor. many say video is the killer app of 5g which standards are now being produced. verizon believes getting ahead of this is a very good way to position themselves longer term. >> verizon is working on a new direct to consumer over the top for its mobil subscribers. verizon's responding to millennial's 21% leap in digital video viewing last year. to populate this new service, verizon is signing a number of content deals, including hgtv and scripps which will offer 45 series for streaming. plus awesomeness tv targeting millennials and vice media, which is focused on the younger audience. verizon is also targeting with this new service. >> a large driver of this growth that's of the next leg of global data growth is going to be video, theyen watt to touch that and they want to have that relationship with those content players to be able to offer that service to their cust

last year verizon's 4.4 deal of aol. the prior year of the "washington post" that took root. we'll be watching these heavy hitters for the next big deal. for "nightly business report," sun valley, idaho. >>> coming up, what to do if you final yourself in a situation no one ever wants to be in. the second part of our series, the big business of ransom is next. >>> >>> company that operate in the multimillion-dollar ransom business are busier than ever. an increasing number of american workers are being kidnapped overseas. tonight dean a gets assimilated look at what it is like to be taken hostage in the second part of our series on the big business of ransom. >> get down, get down! >> it may look like a scene out of a movie but the threat of kidnapping ransom and extortion is real. there are company who may get their business if it happens, you get out alive. i went through one of the kidnapping training sessions. >> a little taste of what it might be like and hopefully you can take that forward. >> it needs to be quick, violent without causing too much damage to you as indivi

we talk with steve case, former chairman of aol and now a mentor for entrepreneurs around the country

we talk with steve case, former chairman of aol,

>> verizon and aol is a new model.to figure out what that means for us and what the heart of it was. basically, you have got gdp growth and little or no pricing. that means consolidation amongst clients, consolidation amongst the old variety or the legacy variety or the new, and consolidation amongst our industry. there are six in our industry. i doubt in six years time there will be more than four. it is a sign of the times. it is interesting. the forecast just reinforces what we see going on. tepid growth, no prices. olivia: we brought it. gold perfectly. and i love this jacket. with that, we will send it back to you in new york. scarlet: thank you, olivia sterns. olivia mention verizon and she will also's week with a ceo, of a loan, tim armstrong. ♪ stephanie: futures up. the market will be open in a few. ♪ this is a great place to work. not because they have yoga meetings and a juice bar. because they're getting comcast business internet. comcast business offers convenient installation appointments that work around

aol deal gotan hatched here last year.s is where murdoch got the idea to go after time warner cable. we are looking for more big news deals to be in the works. i spoke to mark thompson, the ceo of the new york times earlier. the new york times in the past month has just announced to watershed -- two watershed transformational deals. facebook instant articles and apple news. -- you those deals would have to go through a pay wall to get to new york times content. a lot of content publishers are concerned about ceding power of the pipe to a third-party. i estimate we will see more deals like that where the outsourced their content. many,we are talking too many social media players. is from thisone behavioral point -- the smartphone is almost everything. smartphone behavior is very different. it's much more apt-based. searching is tougher. people become creatures of habit in terms of the apps they use. more and more, people are thinking how do i keep people on the app. what kind of services can i offer? olivia: i did ask him w

this is where verizon and aol decided to get together, where decided to murdochs go after time warnerle. there is dealmaking in the air. tu of twitter no speaking to snapchat. give it a couple months, who knows what will happen? there isll of this as inevitably going to be a lot more consolidation, not just in media that intech and advertising. have gdp growth, and that means consolidation amongst clients, among media entities. of the old righty or of the legacy friday, and consolidation in our industry. time theresix year's will be more than four. olivia: as i mentioned, evan spiegel is here. bill sorrell announced he is doing a deal with snapchat. scarlet: what else are these moguls telling you? i know that james murdoch may not necessarily be willing to tell you very much on the record but you are hearing snippets of conversation. olivia: you are definitely hearing snippets of conversation. spacex elon musk, founder's first year. i bumped into warren buffett yesterday. i spoke with bill miller of legg mason who was very impressed with the speed. elon musk set down with reid hoffman

he was not a hard core porn guy, he pound the bikini girls on aol. >> i am impressed they had the librarlibrarians that can look it up. >> i'm leaving to work him. >> why were they putting on a porn tutorial? >> they were working on a a case. i thought about my worst night then he i thought, if they were trapped in the room with scalia watching the porn, that would be worse. >> he was a voting member of the court. >> left out, i guess, nobody wants to play with him. >> you have to admit that he can ride that all way to the white house. >> nobody is looving out that scalia is descending. it's the easiest job that the librarians have. they like to say how long they trained. three, four, five years. all you have to say that, is type the word porn in to a browser and press enter. >> well, they had they typed cantaloupe. i'm not sure why. >> i would pay to be there. you know, i like my supreme court justices, interested in the law. >> every american wonders what is under the robes, come on. >> exactly. and they come along. >> do they keep the robes on when they do tutorials? >> i hope so. ? h

. -- aol for content in 1992. the idea of sharing another environment is not a new idea. it gets you distribution and new audiences. there are questions on the business side. olivia: how do you think about monetizing it? it was made public that the facebook instant article sell and us able to keep 100% of the advertising. and put the articles on facebook, which is a good thing. we will go into these experiments to learn, to learn about whether they promise better user experience. if it's better than being linked across to the mobile web. , whether wet helps reach new audiences and what the pun looks like and whether these are effective or not effective in encouraging readers to become more engaged and somewhat to subscribe. olivia: what does this mean for the pay model? the new york times proved the critics wrong with asking people to pony up a couple dollars. putting your content on some of the else's platform means you cannot charge the same way. mark: we are talking to all of our partners about how we make it possible to authenticate, how we use these platforms to deve

ceo of aol. of course this is where aol's sale to verizon was hatched last year.ou just told me off camera you're meeting with 70 companies while you're here. what are you pitching to them? >> sun valley does a tremendous job of having people come and having a week we can meet with different people. over the course of three or four days, my meetings break down to three big buckets. one is the software form and how we do sales and advertising. second bucket is really about partnerships in the contents base and things we can do with the content companies. and the third is really just people that have interesting business models or research or whether it's start-ups or large companies. and so i spend my time during the week meeting with those types of people. >> there are always deals that come out of here. what types of deals based on what you're hearing do you expect to see this year? >> there's been kind of a very well-worn path over the last years here. i think today you basically see a complete mixing of the digital and offline people together. and i think linea

because this is what happened last year when aol's tim armstrong justified his decision to slash employee by saying on a companywide conference call quote, we had two aol-ers that had distressed babies that were born that we paid a million dollars each to make sure those babies were okay in general. so when we had the final decision about what benefits to cut because of the increased health care costs, we had the decision, and i made the decision, to changely changebasically change the 401(k) plan. what followed was a firestorm, with mean tweets. it was the joke for the next week. but for people who worked for armstrong at that time, this story was not a joke. it was an invasive and human spectacle surrounding their daughter nela. one pound and nine ounces unable to breathe on her own with skin barely able to hold itself together. today with doctors, nurses expert care and her own breathtaking will to live she's a thriving toddler. she's a person not a million-dollar burden. following the backlash armstrong apologized both to deanne peter and to the public. this brought a personal struggl

. >> those guys with their aol and mindspring accounts.to them getting on the job. >> check out cnn go. be sure to follow me on facebook or twitter. you can tweet the show @thelead. i'm officially turning you over to mr. wolf blitzer in the situation room. >>> happening now, breaking news terror leader killed a long time al qaeda operative taken up in a targeted air strike in northern syria, how did the u.s. find him. and is death disrupting american targets. al qaeda inspiration, new indications that the chattanooga gunman may have been a follower of a radical american al qaeda cleric is al qaeda now posing a new terror threat to the u.s. >>> donald trump

she tells us why she decided to stay in the wake of aol being acquired by verizon.: good afternoon, everyone. alix: let's get straight to the markets. you are seeing a slight rally. steam when lose some the euro group chief

it happened years ago when microsoft came out with an aol competitor.opened it up and thought it was a trojan horse, we thought the terrible product was a fake product. it wasn't a good product and nobody was using msn. it's not a foregone conclusion that these companies can create great products and apple music is difficult to use. and jim, a big fan of apple, for him to say it, as another blogger said -- ouch. i bought spotify premium in the middle of this because i tried them both out and it still has got a lot of kinks, just the way apple maps do, just the way itunes does, a lot of the software is not as pleasurable as its devices. >> kara, who do you think that size argument helps, spotify, ultimately? >> i think spotify is a fantastic product. can any of them get big enough to pay the fees. the ongoing fight between the music industry and what they want to be paid and the artists and what they want to be paid creates a difficult situation for a company to make money. apple has to have have comparable product to spotify to compete. the product has

the founder of aol ventures is with us. john, it's good to have you back.ortt is out today but kayla tausche is here. the dow is down about triple digits. a few select companies are driving whatever gains we have in the nasdaq composite this year. six companies, amazon, google, apple and gillian account for more than half of the $64 billion in value added to the nasdaq composite in 2015. the concentrated gain in a few stocks is boosting concerns of dwindling leadership, a market top, some say. the nasdaq itself is up about 7% so far this year. and i think if you take out amazon and google, john, even the s&p is negative year to date. people say classic sign of an aging bull market. is that legit? >> certainly a ton of consolidation and that's reason for concern in a business that is concerned. you'd rather have more diversification of broadening. i'm not sure if it's a causation or a warning sign. i'm not ready to show impending doom yet. >> jim cramer, of course, coining the acronym f.a.n.g., we're going to add another "a" so it's faang. there's so much va

but in reality, it was tim armstrong meeting with mcadam that did the verizon/aol deal many months latercurious what's the meeting that's the look over here meeting that people are missing out on right now. >> all of those bilaterals going 0 off to the side. the list of names is impressive with dorsey and zazlov and murdoch and malone. >> interesting to me, there doesn't seem to be people being freaked out by digittization. we admire what reed hastings is doing at netflix. we're trying to figure out how to learn from that. he looks petty relaxed. >> we're hearing from everybody they want to move upstream into higher quality produced content. for a lot of digital media companies they say okay, we can do these things and i for a lot of traditional company these say why can't we sell our content to a starz or a netflix. so people are seeing a different path forward than maybe they saw two or three years ago. >> when we come back keeping an eye on the markets, dow is up 181. some pullback in the last hour, but not a lot. we'll keep our eye on the nyse, when we come back. >>> european stocks

>> those guys with their aol and mindspring accounts. looking forward to them getting on the job. >> check out cnn go. be sure to follow me on facebook or twitter. you can tweet the show @thelead. i'm officially turning you over to mr. wolf blitzer in the situation room. >>> happening now, breaking news terror leader killed a long time al qaeda operative taken up in a targeted air strike in northern syria, how did the u.s. find him. and is death disrupting american targets. al qaeda inspiration, new indications that the chattanooga gunman may have been a follower of a radical american al qaeda cleric is al qaeda now posing a new terror threat to the u.s. >>> donald trump gives out the personal cell phone income of his rival on live television is trump breathing new life into a stale bit of politics? >>> nuclear ambition north korea rules out a nuclear agreement like the one with iran. it has no interest while it continues to build its stockpile. the u.s. is dealing with one foe, could another amass as many as 100 nuclear weapons in the n

. >> microsoft gave away their entire direct advertising business to aol. a lot of people said why. because microsoft does $90 billion a year and i'm sure their advertising business is a couple billion dollars. $4 billion. digital advertising is not that big relative to a lot of these other things. over time the question is, will it transition into tv? will it -- that's why we're all going upstream into video, in the hope that video replaces television or television becomes video. >> michael wolf has a new book out, "television is the new television." and excerpt in the "new york times," he says some digital properties, like netflix are finding out what the tv companies knew autumn along, you need to go after credit cards, and not eyeballs, you eyeballs don't pay but subscriptions pay. this sult malt up that you're facing when you have a media model and trying to figure out which direction to go. >> we're back to music. part of the things with apple's itunes, the credit card is built in. if you sign up to apple music, you're already subscribing. and facebook has been in talks with r

. >> i think he stuck with the xp the same reason he stuck with his aol address. >> a year-long ballotn the quest to be named trader of the year. >> focus on the fundamentals. we've gone over them time and time again. >> the halftime portfolio second-half huddle starts right now. >> it's halftime, america. and our second half is about to begin. >>> it's been an action-packed first half of our portfolio challenge. the battle for top trader heating up. josh brown now jumping into first place. ahead of jim and stephanie. but it is anybody's game at this point. certainly the way the markets have moved lately. josh brown joins us today on the phone. josh, are you there? >> hey, guys, how is it going? >> going well. some things have worked, some things haven't. you've made a bunch of moves, especially lately. and now your find yourself in first place. >> it's amazing. >> what do you do now? >> i'm going to stay the course. scott, i learned from the lessons of last year. when you have a year, in a contest like this some things work and some things don't. think what works really well is trend

former aol executive and now ceo of the monumental sports and entertainment company, which owns the washingtonand the verizon center. >> writing and over bloomberg -- i'm assuming he can't tweet. twitter is where we reward added values. >> lisa plays every week. this is not the first time she has one. i love this game. he looks nothing like that today. that commitment back in 1973. erik: i'm sorry, you didn't have the added value, lisa wins. john ledger, incredible. stephanie: john would wear that shirt today. if he grew it out a little it has that. i'm not going to see you monday because i'm going to be out. i promise i will be watching because we will have an extraordinary day. i got to take you to monday. all-star guest roundtable. it has gone from this community center for startups. it is real estate playing out. they will be discussing the projects in brooklyn's navy yard. for now, have a great weekend. demos we are near the top of the hour and the end of the week. even though china is helping diminishing stocks, u.s. etf is tracking those two countries despite big spikes and volatilities

. ♪ hey i'm mike epps and i'm the creator of a new show on aol called "that's racist." >>t'

and aol went public. he is an authority when it comes to this. us. ♪ stephanie: don't get confused. you're not looking at new york city. that is london. it is 1:46 p.m. in the afternoon. it's gray in breezy. it's not sweaty and sweltering like nyc. you are watching us here at bloomberg world headquarters. we've got to talk earnings. concerns over greece have receded. european stocks are boosted. how do the markets look from a private equity perspective. eric curse joins us. -- eric hirsch joins us. welcome back. what are you most focused on it today? eric: it's become expensive in europe. they were not playing a lot of the distress with greece. private equity in europe is concentrating in europe and the u.k.. they are all strong economies. they are pricing expensive. stephanie: when did he get so expensive? erik: the investors don't change allocation policies. it's a mistake. they stay on course rigidly investing. the allocation dollars are flowing. erik: why is it -- private equity investors are a smart group is rule. why is it that the smart pe

they also spent $4 billion on aol and $9 billion returning to shareholders.io is unchanged. that's no small feat either. >> no. and verizon's cash flow position is pretty good. they committed to paying down debt associated with the deal they did last year. so a lot of their cash flow is going to be dedicated to debt retirement over the next couple of years. but their cash position is actually pretty good. at&t on the other hand they bought directv largely due to cover a cash flow deficit. if you look at industrywide as a measure of industry health the industry actually doesn't cover the dividends that verizon and at&t pay. especially if you include spectrum purchases which generally don't flow through the regular cash flow accounting. but the industry this price war may have been masked a bit by this accounting change i was talking about. but you can't mask it in the free cash flow. and the free cash flow of the industry is not very good. verizon is the best of the house. >> andrew if you love your ibm with its 3%, i mean 3%, you think that's all you need to

aol will face off with mobile wallets like apple and android pay. -- paypal will face off with mobile wallets like apple and android pay. carl icahn first lobby for the move. groupon's purges of the on demand, online, and mobile food marketplace signals it is likely to take on the likes of grubhub. most of the 40 u.s. markets are outside top metropolitan areas. matt: the world of the top golfers are coping with puddles in the british open. heavy rain temporarily stop second-round play. workers needed squeegees and cons to get rid of the water -- and pumps to get rid of the water. jordan spieth has not started his second round. he is at 5 under. tiger was hoping for better weather because he was hoping it will help him make the cut. erik: he had a disastrous first round will stop tiger has not won the british open since what, 2006? matt: i have not seen tiger when much of anything, i only started watching a few years ago. erik: we need to get you started with the five things you need to know this morning. it will not surprising the number one has to do with greece. it is still a big st

aol got acquired by verizon. you have more cash. you have to assume there are other acquisitions.mall-cap space seems like one of the most likely takeouts. matt: thank you for joining us. appreciate your time. mark mahaney, rbc. a quick break. ♪ stephanie: welcome back. we are just a fear minutes from the opening bell in the u.s. but here are the three things you need to be looking at today in terms of the markets. let's bring in tracy alloway and she joins us with oppenheimer funds chief investment officer krishna memani. tracy, welcome back. we have not seen you in a few days. tracy: let's talk about the greek thanks, today is a huge, huge deal for the greek banks and for the european central bank. we have had a week of capital controls. money has still been flowing out of the system. citibank analyst estimate as much as 250 million euros have been leaving atm's per day in greece, which means the greek banks would run out of cash by the middle of next week if it continues. that means the emergency funding provided by the ecb becomes very important. they have to make a decision a

vonnie: we begin with germany voting on a third aol plan for greece. expected to re-shuffle his cabinet as early as today. his party is splintered after this week both the vote on severe cutbacks sought by greece's creditors. lawmakers are expected to pass the $94 billion bailout. chancellor angela merkel and finance minister wolfgang schaeuble are among those who support it. meanwhile, greek banks will open monday. jurors have 12 hours to decide the fate of the colorado movie killer. >> verdict form count one murder in the first degree, jonathan blanche, we the jury find the defendant james holmes guilty of murder in the first degree after deliberation. vonnie: james holmes killed 12 people and wounded 70 in the attacks three years ago this month. the defense claimed he was insane when he opened fire in the panel. now the jury must decide whether he will die for his crimes. the only options lie ahead for holmes -- life in prison without the possibility of parole or the death penalty. first-order business today when president obama since down with saud

. >> reporter: billionaire investor and aol cofounder steve case has raised millions for the companythe experience you have when you're there with other people a sense of community and that is really what has made it more than just the average kind of fast casual restaurant. ♪ >> reporter: the guys say they always knew they wanted more than a restaurant. that's one reason they host a music and food festival each year that attracts tens of thousands. they want to build a community committed to better living. a concept they call the sweet life. >> it's a lifestyle brand that we believe people want to associate with and it's not about eating healthy to diet. it's about eating healthy as part of a lifestyle choice for better living. >> reporter: do you all feel like you're living the sweet life? >> yeah. >> reporter: they still eat at sweet green seven days a week and every new employee has to work the salad line. in fact, when we were there, we saw the new cfo behind the counter cutting carrots and cucumbers like everyone else. vinita. >> a great idea. i'm a big fan of sweet green. good

already this morning he was at the global summit and brought together the founders of aol. while it's serious business it's been very emotional. a return to his late father's homeland. >> obviously this is personal for me. there's a reason why my name is barack obama. my family came from this part. i have loved ones and family here. walking the streets i have come to know the warmth and spirit of the kenya people. >> reporter: last night he had a big reunion dinner with his half sister and his step grandmother. they came to this morning's event. 80 percent of them trust him. the relationship with government officials here has not always been as warm as it is with the kenya people. >> thank you chris, we will be checking with you later on the trip to his homeland. >>> in the meantime the political world is on iowa today. donald trump is going to be there and hillary clinton. this as he faces questions of using a personal e-mail account. kristin is here with the latest. >> as you know hillary clinton has been dogged by now and now u.s. officials are expressing the concern tha

earlier this week it moves a significant partnership with aol. it sold its maps business to uber.microsoft is skimming down and becoming leaner and meaner in some sense and pulling itself out of the display ad business. >> fair enough. search is still the juggernaut. >> two big questions here. first whether or not goggle will arouse anti-trust actions. this wasn't allowed before. it would be hard because when the justice department did it to microsoft, all of a sudden things disrupted microsoft anyway. microsoft missed out on 0 mobile. missed out on search missed out on many things. the real question to me is can somebody in the near future ever disrupt google? is there a way to do so? it's ahead of network search mobile search twitter to make us shift from google if they have complete dominance, it's going to be odd. they are going to have too much strength maybe. >> mark you want to weigh in? >> sure. the one company that has an opportunity is apple. marissa mayer has been pushing to move apple to default search engine away from goog toll yahoo. what it looks like reading the te

store if yowpts to call up five friends and family members tell them how great it was that is -- >> aolsed to be great american -- >> but it wasn't. first that knew that was the consumer. i.e. stock holder better example. over last four years coach five years ago every woman had to have coach it was aspirational on your way up as you made more money you bought coach. and then michael coarse came around. two years before wall street average woman who goes to a mall. i knew i had one in my family say don't buy that and never coors again. viewers know so much more than wall street does sooner but never been so disconnected -- or >> don't correlate that with their own stock. trchg they don't. listen how many download netflix but don't use it or ogee the stock. 98% who use it don't use the stock. >> last week it was profit of amazon, netflix i love these names at a cheaper price. >> interesting. very interesting. charles thank you. never share this stuff i tell you. [laughter] >> but when you told me to look into the new behemoth fund you got it wrong. when we come back we talk about china w

the global entrepreneur summit and brought along american success stories including the founders of aol and airbnb. this was also a return to his father's homeland. >> obviously, this is personal for me. there's a reason why my name's barack hussain obama. my father came from these parts. i have family and relatives here. in my visits over the years, walking the streets of nairobi, i came to know the warmth and spirit of the kenyan people. >> reporter: last night, the president had a reunion dinner with three dozen relatives, including his half sister and step grandmother. a recent poll shows 80% of kenyans trust the president to do the right thing for them. he is hoping that will work in his favor because his relationship with government officials here has not always been as warm as it is with the kenyan people. erica. >> chris nairobi, thank you. we will check in with you more on the president's trip. >>> and meantime the attention of the political world on iowa today. presidential candidate donald trump will be there as well as hillary clinton. this as she faces new questions about h

verizon's acquisition of aol. the prior year it was jeff besos's purchase of the washington post that took root. we'll be watching for the next big deal. >> still to come on the show a debt cap balance or the start of recovery. we bring you the latest. let's look at futures and how they're trading this friday morning. we're up about 146 points as asia markets close higher. >>> you're watching worldwide exchange and i'm seema mody. >> i'm wilfred frost. >> the shanghai composite posting the biggest one day percentage gain since 2009 after beijing takes pressures to stem the volatility. >> u.s. markets set for a major reversal with triple digit gains at the open after ending yesterday at a five month low. >> the ecb plays hard ball with greece. the board member says it's not their responsibility to keep the nation's banks afloat. >> central banks although they do have the mean versus no mandate to safe guard the solvency of banks and governments. >> all systems down. a technical glitch halts trading on the new york

this is like pom, snapple, aol.t was in that category. >> but everybody knew it when it was suspected. there was some speculation. >> there was one man who didn't. and he's now in the nba and successful. >> he moved onto overpaying for nba assets. >> he's an overpayer. >> apparently to the tune of $7.6 billion. let me go back to remember what they paid for nokia. $2 billion for the team. >> he made the playoffs. >> the $2 billion was his. this was shareholder money. >> well i lumped it together. that's probably not right. but this nokia deal was a gift. it was a gift to nokia. >> the write down of 7.6 is a little more than they paid which was $7.2. >> that's hard to do. it's hard to have a write down that exceeds what you paid for the business. >> he could have bought the river in finland that nokia is named after and done better. >> still an important story eurozone leaders now setting a sunday deadline for the country to reach a bailout agreement with creditors. we are in brussels with the latest. good morning. >>

people are on their platform and the revenue per hour they generate they are 20% that twitter yahoo, and aolk is a massively undermonetized platform today because they've been focusing for the most part on user experience, and i really think we're only in the second or third inning of them developing the add products. >> thank you, kim and jason. >> all right. coming up next, howard lutnick to talk earnings, the fed and much more. we'll be back with the dow up 130 points. you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had a liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. new car replacement is just one of the features that come standard with a base liberty mutual policy. and for drivers with accident forgivness,rates won't go up due to your first accident. learn more by calling switch to liberty mutual and

he brought along a number of successful american entrepreneurs with him, steve case from aol, one of the co-founders of air b andb. he also took a tour of programs designed to bring more electricity to kenya. that has been a point of contention here. two years ago he launched this program to bring electricity to double the amount of electricity in five years. it's been very slow getting off the ground. one of the things he hopes to do here is move on some of the programs that he began particularly in earnest about a year ago when he had an african summit in washington, d.c. but coming in here i talked to people both who are close to him and who analyze african affairs. one of the things they said to me steve this is a chance for him to move forward on his legacy as it relates to his african -- the african continent, so important, of course because of his familial ties here. steve? >> all right, nbc's chris jansing in nairobi. they call that the des moines of africa. no, i have no idea. 8,000 miles away. we learned that today. the president will be having a press conference about an h