we have the ceo of aol joining us next.im armstrong is coming up your way in just a few minutes. >> lifetime contract. that's fitting for king james. nike inked lebron to a lifetime endorsement deal. espn is reporting it could easily top the ten year $300 million deal that kevin durant just signed last summer and this is believed to be the first ever lifetime deal in nike's history although michael jordan kind of has a lifetime contract, doesn't he? nike made 13 versions of lebron's signature shoe. sales will top this year. we did see some moves, by the way. okay. but, you know, let's look more at king james. this is supposed to be -- i would say he is the athlete of this time for the nba and in some ways michael jordan has a lifetime contract with nike. his jordan brand continues to sell. he makes more endorsement dollars a year than king james does at this point but what i find interest as good lebron just signed a $247 million nike endorsement deal this year. so i'm wondering what is motivating this lifetime contract and

the 4.4 billion dollar deal with aol. how much is the core asset, and i think that's something that is really still not settled on quite frankly, by the board back at yahoo. >> they may be willing to do m and a, but they're clearly an investment cycle right now. they kind of get that they have to take it to the next level, and they're not just waiting and sitting back. in the meantime, you get a great yield while you're waiting. i think this is a great long-term play. great long-term story. it may not return great returns in the short-term, but i think that longer term you're going to be pretty well off. >> still a dividend payer, to your point. >> and i really liked his answer. his answer was solid. it was we are a technology company with solid telecom assets. you know what that is? a recipe for growth. clearly appropriate of what we're seeing here with yahoo, aol, there are avenues of growth here. i liked what i heard quite a bit. >> the price seems like it could be more interesting, i think, for the core assets than i

we'll be back with much more and at 10:20 we'll be speaking to the ceo of aol.ack to you. >> thank you so much. heading into the next hour of worldwide exchange, still to come on the program, donald trump known to cause controversy but has he gone too far this time? we'll explore after this. >> good tuesday morning. welcome to worldwide exchange. >> these are your headlines from around the world. >> the sea of red sweeping across europe. money stocks leading the declines today as oil hovers near a seven year low and iron ore prices are staying below $40 a ton. >> anglo american says it will reduce it's work force by 70% in a radical overhaul that also sees the miners scrap it's dividend sending shares to record lows. >> up roar over comments from donald trump. theep

>> we think a lot of media properties, comcast, as you know, verizon bought aol.ou could even argue in the news core, cvs, at&t, direct tv. even some of the international players. people have looked at soft bank, alibaba, et cetera. >> if the board is considering all of these options around the core of what yahoo is, what does that say about the board's belief or lack thereof in the ceo, march isissa meyer? >> since she's been there, revenues are down. core revenues are down. ebida down north of 60%. when you look at the visitors, the usage hasn't turned around. we go through this in detail in the notes. i think if they are playing on a reset in 2016, you could see it at the ceo level as well. >> if they spin or sell the core business, what do they have left with her? i think that point has been raised by jim cramer and others this morning. >> it's a really fair point. whoever did buy the asset, should they sell it. it would probably decide whether they run it, whether they have their own executive internally or externally if they would bring in. the only thing le

verizon buying aol, some people are still scratching their heads.ctly on unclear how that one comes together. there are champions of that. they figure the verizon mobile to put some of that content to use or sell it off. there is still a leap of faith. we will have to see in 2016 exactly how that one shakes out. if in fact that deal gets done as currently structured. cory: where you think we're going to see some big moves in the next year? don't have any particular inside information on these. 2016, my job is to break deal news. what questions am i going to ask? what are at the top of my list? yelp tried to sell itself this year. it hired goldman sachs and had some internal interest. the ceo decided that he didn't want to sell. could that come back in 2016. as soon as he decided he did not want to sell the stock went down and has not really recovered yet. you have to wonder if there are some other companies that could maybe work with yelp have also struggled. grubhub, perhaps jeremy solomon sticks around. those companies are the top of my list becau

emily: the huffington post was bought by aol. for ryan might be -- verizon might be a buyer of yahoo! news core business. what do you think yahoo! becomes? >> they are a website with hundreds of millions of eyeballs that should be run as a media business. there is no need -- they need to run it as a media business, determine who is the audience, what kind of content they want. you have to look at it as a media business. i have been associated with yahoo! from the days of the ipo. are we a media company? are we a tech company? are we a media company with a tech arm or a tech company with a media arm? they could not make up their minds. today, it is definitely a media company. this is why verizon potential he wants to buy them. they have the pipes to deliver content. emily: mark, you said you guys are buyers. would you buy more yahoo! or more alibaba? mark: we took a position of a few months back and it has been a nice return for us, which was the swap where we went long on yahoo! and shorted alibaba against it. then we felt the op

has both content and add technology, two things that attracted verizon to aol.the last big tech ipo of the year is set to happen later this week. this time it's coming from down under. nasa has liftoff, some surprising supplies that are en route to astronauts from the space station. releasedobe will fourth-quarter earnings this week. last quarter of adobe shares dipped after the company revised its fourth-quarter outlook lower. a few other big things in tech to watch for this week. , alex, i want to start with you because were going to see the last tech ipo of the year. on the verge of making australian corporate history by going public. what is this company and what do they do? making tools for developers to help them manage when they create software. the company started 13 years ago and since then they have built out into a kind of team collaboration company. software helps developers create applications. hip chat is kind of a messaging tool that is sort of like slack are along those lines. 13 years later the company is going to ipo and investors are excited a

david: we had the aol acquisition. you mentioned the ad benefits.or rise in trying to do here, become more of a content provider? paul: i think they are. i think they are looking at online video, principally mobile online video. when they acquired aol last year, they were not really buying the media assets like engadget adn tech crunch. they were buying the aspects.tic i think it will be something similar to the extent they do look at yahoo!. there is a lot of value in yahoo!, a lot of cash flow. there's a big audience that goes to yahoo! finance and yahoo! sports. certainly lots of viable businesses, but i think they are just looking to get greater expertise in online video, mobile video, and verizon did launch their go 90 product about a month ago now, which is an online video service. i think they are looking to make investment, looking to get smarter. yahoo! may be an opportunity for them. david: a search engine cares so much about patients when it comes to getting search results quickly -- so much about patience. do much more patience investors

what has arrived and him with aol? verizon said they are bearers in the aol content business. it is the -- the ad platform is the gem. yahoo! has been caught up in this hamlet-like -- who are they? to be or not to be? this is the battle of yahoo!. every single ceo has struggled with this decision. marissa mayer is doing the same. you see the company have a success and technology and struggles in content and everyone on the outside telling them what they should do. take one side of the other. but it is a business that is possible, yet not growing. >> bank of england left record low interest rates saying low oil prices installing wage growth would keep inflation under control. this cop between the ecb decision to add stimulus and the fed likely decision to raise rates later this month. john nicholas, you spoke to mark carney not long ago and that these conflicted monetary policies globally. it is not like they can make a decision in a vacuum. they have got to factor in all the decision-making made around the world. >> he claims they are just looking alone. the truth is he is gen

d ls viis l ead dho e gornore lirn elornore lira jryro anc l caeliodea reni prradae taoc, ra imir aolee e sta en acatoo esta --eunonido brn visuendoese tasasamiaquse nis actasorst brtaatue q eerquseagjuic. tae /car--enasue biael derten dpocidea ansc ifomoosu ens l resocle qu aq nhaniun ezaatteona ud,e itrdo l ens laorraon earas ers teo urdon n bnain.. ta vblca-- aal d n ansc " l" pr sper r agdiocri esa errdo.--diten cunad e fciar do tacola amiaqupeien un eruedon teireo miv -"e". re q e montdeetera olci arad yseraqulaconide easerapa s esens. blca--a nae yeen n fnccovio meose enonue dunireoue do unpeonsivi. es - hhoe uro file delaar yau inerpcnealismae trnsrtpuic.. ta 2ox--moenivco dr brd ieseenuera rt d lba yne qe die pic? are e daant plia ir el spho cga u ara an yus aios moran e a liroarla cda..ntsurent neatde dejar el cuchlo ue tenia pcedier a dispararle... 0.11 gasi a las 5 de la tardla lia dean francisco tuvo que socoer a un individuo en el se dbayvque bido acuchiado en lacalle n lauaa 00e ieguhlicia de sf afirma el fe de pic q l victa nqueabherisu vidao rriaeligro pero enterarse l

certainly verizon looked at aol for an ad play. you could see maybe them doubling down on that or other wireless carriers. i think that's all wishful thinking at this point. >> there is just so much confusion around this name, jessica. so many leaks from inside the company. you have this idea that they might pause this spinoff. they might go ahead with it. they might sell the core business. they might stick with it. how much do we either need to see a doubling down from marissa meyer, from the board on its current strategy, or the admission that every option is on the table? >> it's a really tough situation. i think marissa has been trying to double down and that strategy just isn't flying, so i think shareholders, the board, you know, just saying they're backing her isn't going to be enough this time. we're going to have to see some movement. something has to change either on the spin or the sale. >> well, hopefully we'll get some news when that board meeting concludes today. yahoo shares up 1.6% today. next up, uber is close to c

really is the fix the lead digital millennium copyright act passed 1998 which means it was written for aol and not to google with the anti-piracy system which we have to operate in in to give notice of the legal copy then they take it down. that does not work and has not for years and is a joke but yet it is the basis on which some services are able to get no royalties or discounted royalties. they relied on the dmca we don't know who was putting the legal music on our service that people use that are getting away with basically distributing our music without paying a sore the below market rate we cannot get the value that music deserves as long as budget dmca is attached we would really love to see congress focus on back. >> host: $50 billion of illegal downloads? according to your web site. has that changed since the of lysine -- licensing interactive services? >> that is the big thing is that they have reduced the incentive for piracy because if you can get the music you want then why would you go to the illegal site to download especially they have spam wear and now we're in what you d

now that aol is there, there was always that speculation that maybe an aol/yahoo deal was there as well. it may be more likely for me. could be a cleaner deal. down 31%. i don't own it but i could see the risks and the upside from here. >> you look in the after-hours, this was up significantly higher than it is right now. looking at the core assets, we were talking about that today on the hal half-time report. he sounded very interested. but what is this worth? i mean, we're all saying -- i saw the graphic up there. 6 to 8 billion. how do we know that? >> especially because people weren't giving it that 6 to 8 billion valuation before all this. >> that's right. because they didn't know if there was any interest. now after today i don't know what the level is. i can't tell you $6 billion to $8 billion, that sounds high to me quite frankly. the ceo of verizon sounded big. he talked about the fact this is a tech company on top of it. >> i think the bigger issue as david pointed out is the company may be worth $6 billion to $8 billion now, but how long it takes to reposition the company to

i can relate to being passionate about a creature and using it as aol. >> i love the way she was fascinatede animal. i was fascinated by the way she used robotic knowledge to enhance her research, it's a work. >> and an example of where science research is going. it's so cross-disciplinary, being an expert in one is not enough any more. it's great to see someone starting at stanford. he she has that handle. >> for viewers, young women waiting to get into science or mentors, what advice do you have? >> don't think because you are not at university, that you can't get in there and participate. ask your science teachers that you have in your middle school or high school as many questions as you have, and ask them for additional resources. they'll be able to help you to educate yourself. >>> i would say stick to what makes you curious. her curiositity came across, that's why she's so good at what she does. she has a natural inquisitiveness. >> and fortunately he had the enablers along side her to push her to get to the level and is doing amazing stuff. both of you are amazing examples of breaki

i saw the aol profiles and away messages. i saw that in the websites that people were building and i really loved that expression, that identity. the idea this could be a place to create something that really represented you. emily: you dropped out of high school when you were how old? david: after my freshman year, when i was 15. emily: you were homeschooled. david: computer science education in new york city really did not exist. it just did not back then. it was not in high schools. now it is there in a huge way. kids are learning to code in grade school. i always insist that you stick around. if you have that stuff at your disposal, hang out and spend time with teachers who are proficient and can help you get started. that is something i did not have. emily: i feel like i have talked to so many founders who are in your same position. they dropped out of school, made a lot of money, started big companies, and they don't recommend anybody do what they did. david: if i had access to a computer science education when i was in

. - aole ps aur earadna p us m uc "d"ueyuraa ahrr erg..elunaonue raramidastnoe l oo arciravaosonid aiss rsaj dnb.. blca--ledeerna hier cpr p iert tpadoun ibnecoy oresuao l pues n cina s deins,eramontdea tgal que dr ernaenasan dlo adnequachalo veinri. -alifita tie s reomdaon pa e te a a cta s. kekg 1172947;0scpt dtiosids vilcia ras l isueraco e acidd ri drese ron jadeoro l eadelacas.egun nua cuta a cnt d psos s n urds pques sn uell nsiuia paqu yhaanledo tmaitroigz/eco sta asernaquva psiieo locas p o culqertr croqu rear pues els n r tr ye s ev. anp enons e edhar uedarevarueleron o e mp p ntne lpocaeciea qu seueo taenas cundden pue, jo ve aa reioden falr aigpaecjelo ss.oten fla/ poic dmii ieren taépass jo pver e mear ee s n prao tne aectaa,ue ur la sereri arqurebast aícos envedeejlodeobdo enree lacas quesn cí. teome ieha tbadoarelercide rr "-ps"ie ro cose. de e cpa e uprra pa asur lenegde rspdeia tco pdrk rvioe coeoup puenegtrsearel ogmae ccs in e upcoy s paues raenad an gioer dsuecda yo c sn f aespot t tp/u.m d you paag c b fata sissn e ca n

. - ejv 2aÑ f ati aols ecole d paamtodoe ven suroe trt.tbi caaden arqu emon equ dosutosececaan auomil ciea diar na cduor.. - s nos ed o 13 oo 8Ñorelton ros..--a li de quel oncr lut e e obti. cntna usnda s s sphos --ot cduorueeablaimen c s ceulr. bp t re -am aa usen noicroelun 4 riradin. po rrer. ta v/ re - h estan ues usios ctrde lemespgpo elon ugaduo laiud s bnon a 20 - ta v/ re - pen s straes ac mifacneena merqusienus lint pa evir eeedde..leecosue eso e gien-- ==amolop mic= soecos dlaorl bacea u ct d asteiaocl s beanno.eam suido iesga..akvo len - usoecsormo n chlos leo moalntpolaauride s fnccoa plauzela - p ivcaraucci itorat:0 lonaakvo - ges paans er ifona : ra-keo - ges ptaesfurograson tfo elareroelenoe sviosocledoe datl roo si e sabearno. --laracicoen nus tedeueas rnaatrozas ac elsio. --o cecosumas ci aib lerospoofias rmosuee up d lerl an gasero. --stfumont dp qu ptoer diarane rm dirina crao va 1peon eirnda 7 laon dlaaÑa. lentavo--stmacr s bnano a donae s lca e mmutohaejo ead uos. --nae aseos del roo lprar sdy ho, cnecuha 3 osueej26ueo

emily: allen, having invested in aol, how do you answer that question?o dig any ditches. we have to think about when marissa mayer came in, the stock was 14. turning a battleship around. there are components of it. position is worth more than the whole company probably. lots of pieces that perhaps can be split apart. yahoo! finance is still strong. they are making a big attempt with yahoo! news in bringing and katie couric. i do not think you want to yet say goodbye to this. there are pieces that can be spun out. it is a very difficult job that marissa has undertaken and there is still an opportunity. it is a difficult one, no question. om: flickr as a standalone company has a lot of value. from a user standpoint, whether it is yahoo! finance, yahoo! sports, yahoo! news, katie couric or whomever, the attention is on facebook, snapchat, and twitter. the news people get is from buzz feed, not yahoo!. is idea of what yahoo! was somewhat romantic. everybody wants to save it because of what their past was. he and his have shifted their attention -- new audien

it is just like with aol. we look at everything across the spectrum.ere is a fit and it makes sense for shareholders and we can return value, we will look at it. at this point, it is way too premature to talk about that one. david: for more, let us bring in piper and gene munster who hasn't overweight rating on yahoo!. we do not want to speculate too much about yahoo!. it sure seems that they are going to have to do something, doesn't it? gene: keep in mind about the big part of the valuation is alibaba. yahoo! court has been struggling to rest of my has been around for three years and it has not been fixed. the savior is tim armstrong prefixed a lot. this lines up in a lot of ways for verizon to be more of a play when it comes to yahoo!. stephanie: when you think of yahoo! in terms of overweight, the reason is because it's an target.ion gene: the text treatment around the alibaba spent. you're brushing the entire valuation of the company aside. 90% of the value around yahoo! is around alibaba. david: and yahoo! japan. stephanie: if that is what the va

they are confused about those two goals. , goodn just acquired aol content and a lot of technology. yahoo! does both of those things. it makes sense. this constant state of turnaround, where it is profitable and throwing off cash and cash on the balance sheet, but at some point you have to grow. in marissa mayer they have one of the highest-paid ceos it in , 47of corporate america c main dollars in non-cash comp. $47 million in non-cash comp. up, two giants of american industry may soon be one. more on the potential merger between dow and dupont. brown --t mack freeport is scaling down. we'll show you the brand-new results of a bloomberg poll in just a minute. ♪ david: welcome back to pimm "bloomberg markets". the department of agriculture has raised its corn surplus forecast. increasing competition from brazil and canada takes a bite out of exports. supplies may corn be 1.78 5 billion bushels, an increase from last month's estimate. puerto rico's governor may call a special a session to approve a measure that allows the islands electric company to restructure its that. the deal str

we were competing with apple, kodak, walmart, msn, aol.re this little david against all of these goliaths. culture atis the shutterfly. we have been recognized by many media outlets about our culture. it is a great place to work and it is also a high performance place to work. we have been able to retain our talent. emily: any regrets? jeff: it has been an amazing journey. we have been able to touch people's hearts, not just their pocketbooks, with our amazing products. we have been able to give back to the community through our foundation and our relationship with ellen the generous -- ellen . emily: you guys did try to sell the company. inbound had some interest. we had some inbound bids and the board decided those bids were not fully valuing the company. we have a growing business, let's keep executing against our strategy. emily: you have been dealing with a number of activist investors. does your resignation have anything to do with these activists? jeff: marathon got two board seats during a proxy battle. emily: it must not be fun to

. >> what has verizon done with aol? the advent -- add business. it is the ad platform for distributing and carrying them across the web and it's really the gem there. yahoo! has eternally been caught up in this hamlet-like of what are they and who do they want to be. this has been the battle of yahoo! going on the way back to the 1990's. they've all struggled with this decision. great struggles and content. you have everyone on the outside telling them what they should do but it's a business that is profitable. record low interest rates unchanged this morning on the bank of england saying selling wage growth would keep inflation under control. fed brought through the likely decision to raise rates later this month. spoke to mark not long ago. they have these conflicting monetary policies globally so it's not like they can make a decision in a vacuum. claims they are very independent. he is generally stuck between two people, two huge forces. and he has to sit in the middle .nd it looks very un-english i think there is an element to that. mario dra

aol,on, which snapped up said it would consider yahoo!. ,ome chinese buyers as well tencent or baidu. up 3% on the news. alibaba also up in after hours trading. rishaad: a look at some of the other stories. your starting off with a look at a possible megamerger. dupont bothcal and searching after hours on reports they are in advanced talks to merge. the deal could be announced as early as this week. merger, the company would break into two or three businesses because of regulatory and other issues. dow chemical that gave the world siliconagent orange, breast implants, and has a market cap of $59 billion. the combination would create the biggest seed and pesticide company, and the world's second-biggest chemical company. sources say there is no guarantee a deal with get done, and talks could still fall apart. china has widened the overhaul of its state sector, the biggest metal trader has agreed to buy a government owned engineering and mining group, combining with $96 billion in sales. the metallurgical group will be mid-metals as a wholly

one of the interesting things in 2015 was verizon buying aol.reen. carol: the little head scratching over that. alex: that single set verizon may by yahoo! i don't think we will see consolidation with sprint and t-mobile. they basically already told sprint that we are not going to let you buy t-mobile and if that doesn't happen, verizon and aol -- excuse me, verizon and at&t are just too big at this point to make any acquisitions of size in that space. carol: this is a fast-moving space. what can people -- working people find the podcast? alex: find it on itunes, called "deal of the week," orford bloomberg users, your bloomberg terminal. carol: good stuff to know from alex sherman. m&anology, media, and reporter bloomberg news. couldyear for m&a in 2015 getting the lowdown on the possible plays to come in 2016. you are listening to bloomberg on television, radio, and bloomberg.com. alix: welcome back to "bloomberg markets." i am alix steel. time for the biggest business stories in the news right now. the faa says boeing will take $12 million for

aol did it right and sold at the right time. yahoo!eat exit if they find the right buyer, but the competitive pressures are worse for yahoo! if they don't do anything dramatic, and nothing dramatic has been done in two to three years. if they don't do something, the cash flow dwindles, a deteriorating asset. >> mark, i know kara said the board is behind marissa mayer right now, but what do you hear now? there's a series of articles recently about people circling the wagons around here in good and bad ways. >> you know, it's kind of hard to circle wagons around her in good ways. you know, we had two and a half, three year track record here, and there's not much to show for it. they had a lot of opportunities. ourle call here from a growth investing perspective is she's not aggressive enough in looking at acquisitions, rolling out new product. there was a point in the article today that's spot on which is there's been, you know, little product innovation from a company where, you know, look what happened at google and at facebook over th

aol fortified them as a media company. thatnk that is the point has been more difficult for yahoo!.ed to get back to their core. yahoo! as a stand-alone, if they got back to the core of content, we would be excited about that. if not, we wouldn't good -- we wouldn't. discussing ae been clump of commodities. these are all the many topics in the show coming up next. hittingy, we are luckier lows under commodities. , going lower in dramatic fashion. of big events today was the -- the anglo american news on cutbacks. more news.ng, i see there is a london listed metals company. ofreceived these signs companies throwing in the towel and cutting dividends. so far, it has not been enough. betty: we were talking with jason about this. these are things you would see during a global recession. we are looking at numbers now in oil prices, a level we did not see until the recession from eight years ago. so what is going on here? joe: that is a really good point. this is this option from a few years ago that china's appetite for commodities was limitless. through all the exploration and productio

verizon arguably did the same thing with aol.highlights that there is a wide range of buyers that are not as obvious as we might think. pennye might pay a pretty for this unique asset. you think ao nonobvious buyer is going to be more likely than an obvious buyer? brian: when i say non-obvious, i mean not the media companies that we know. they have assets in marketing related activities and could use a sales force and publisher relationship. a new businessd off of this platform. let's go back to the good old days of scott thompson running yahoo!. he was going to build an e-commerce business. that's an illustration of doing something different with the user base where there could be more value than playing in the digital advertising business. there has been a lot of criticism of marissa mayer and much of it justified given where the businesses today. here thate a chart shows how the stock has done since she took over, and it is up considerably since when she first took the helm. that, in fact, it has more than doubled since she ca

do you judge people who use old e-mail addresses like aol or yahoo? >> hopefully you wouldn't because i have a yahoo. >> our director is not showing his face but he has a yahoo account. if someone is sending you that e-mail, they're suspect in my opinion. tvuthe9, let us know and we'd love to hear what you have. >> i have my old, the only personal e-mail account i ever had that i started 800 years ago and the only reason i go to yahoo is to check my e-mail. i can't imagine i'm alone in that. >>> coming up, donald trump and what police are saying about this picture of the candidate depicted as one of history's most polarizing figures. >> and allowing police to teach elementary school students. coming up, the outrage by parents at one east bay school district. i have asthma... ...one of many pieces in my life. so when my asthma symptoms kept coming back on my long-term control medicine, i talked to my doctor and found a missing piece in my asthma treatment. once-daily breo prevents asthma symptoms. breo is for adults with asthma not well controlled on a

. >> you know i'm just as my book and my mibt as just anothe websr girl, i feel like just aol another girl. now people look at me like that trans-person and i think that's kind of unfair. i'm just a woman, i'm not trans-model or trans-celebrity or trafn trans-person, i'm laur. my father when i was about four, we would go to see watch him play cricket and after the match my brother and i would run onto the pitch and he would throw us into the air and we would scream and would i go back to him back -- i would go back to him to the change room. i remember smelling the musk of men and i had like a panic attack and realized that i shouldn't be there. like something was wrong. and at that age you don't know what it is. but you just know that it's wrong. so i ran out of the locker room to my mother and i say i have to go home i have to go home now. she says what's happened? i said nothing i just want to go home. from that moment on it's changed to me. i looked at myself and want myself to change. >> you made your transition and you became a model. >> uh-huh. >> a vogue model. >> correct. >>

. >> were you surprised, general hurtling, the blunt criticism of turkey, an aol li lie, and for cooperating with isis? >> no, i think that it is a long way coming. turkey has improved along the border, but as paul said, the rat lines going through turkey, and going through for the last several year, and where turkey has shown the appearance of trying to track down on them, a and they have not done a good job. the intel sharing when we talk about sharing information, and turkey has not been good about sharing information about radical extremists in this their country. the president has attempted to be nuanced about this, and the statement today is probably more avert than anything that he said in the past. >> the frustration, obviously, trying to be diplomatic, and he had met with president erdogan, and when he said that the shipping out fuel for sale to helpp finance the terrorist activities, phil, that is a strong statement from the president that turkey, a nato ally is in effect making money h helping isis. >> that is what the turks hoped when they called for the nato meeting to get broad

now jackson is basically saying, well, just aol it, kind of have a cash flow die with dignity thing. but marissa is not the person to do that and she wasn't asked to do that initially. >> i think bottom line, this is good for marissa because if you had everybody arguing for one single thing, that would be an enormous amount of pressure on her. if you have one side saying, hey, do the reverse spin, the other side saying, absolutely, don't do the reverse spin. well, they can say, well we're going to sit back and analyze which thing we're going to do. meanwhile, she has time to try to deliver on this turnaround. >> also, eric jackson says it's worth $24 billion. the core is not worth $24 billion, right? eric thinks it's a transfer of value if it gets sold now. i don't believe it will be sold cheap. as said before, i think it's going to be sold for well north of $10 billion. given all the bidding that goes on. >> we should point out, jackson's recommendationings are not just layoffs, but to lay off almost everybody. you're keeping a minority of the existing employee base. >> that's typic

people are likely to use the aol sale to verizon as a benchmark, but right now with the asian assetsn there, depending on what the tax treatment of those is, even arriving at any kind of value for yahoo will be hard. >> you know, it's worth something. people talk, oh, the business is so challenged. it is challenged. it is still generating almost a billion dollars of cash per year. it's worth something, and the argument is the market is not valuing it at anything. that's a reasonable strategy. >> although who would eventually buy it, and who would be the best steward for this type of company given that the question we often ask is what is the core business, what is the fate of the core business? >> yahoo is still a tremendously valuable platform. they reach a billion people around the world every month. they have still a huge e-mail business. they have a huge news business, sports, finance. there is a lot there to work with. you would have to think about what you want to do with it. you could say telecom companies. you could say media companies. there's a media distribution platform.

joining us also, the co-founder of aol ventures, now president at confide.get to in the tech sector. the markets are making up some of the losses from friday. we had steep declines on what was the second highest volume day of the year, the dow fell more than 350 points. crude hovering around $34 a barrel which continue to be one of the leading stories in the market. bob is on the floor with more. as we are counting down, bob, to the end of the trading year. >> yes, and we're up, and we should be up. the fed has made its decision. options exploration is over. we're in a new oil contract. this is the seasonally strong period. particularly the time when you pick up the beaten up stocks this year for possibly gains next year. the problem is this lower for longer theme is really weighing on the markets. so what you want to do is look at the most beaten up sectors recently and see if there's any interest, any buying interest. let's look here. the transports in the russell 2,000 are dramatically oversold in the last few weeks. it's encouraging in the big indices, t

at aol, the ad platform for distributing ads across the web is a gem. yahoo!a very strong business. they have been caught up in this like -- what are they and who do they want to be? a technology company or content company? this goes all the way back to the 1990's. every single yahoo! ceo has struggled with this. marissa mayer's has done the same. you have everyone on the outside telling them what they should do. but it is a business that is profitable and yet not growing. is it possible now to look back over the last three years and not blame her as a meyer? they have a huge user base. she tried to make out of them and failed. did she have an impossible task? very i think she had a challenging task and she has done a lot of the right things. they now have global revenues that will be well over $1 billion in terms of the revenue run rate. so she has done significant things to pivot the company. but it hasn't been enough given the changing landscape. pinterest.tter, a lot of these companies have taken off with advertisers and gained traction. it has been challe

aol.: verizon already has scott: the stock would pop 10% next monday if the board meeting is extendedeekend. i think the stock has to go up. this is a great asset, but it is time for value to be unlocked by some videos. betty: outside -- time for value to be unlocked by somebody else. betty: outside private equity, could it be comcast, softbank? scott: news corporation, disney, telcos desperately trying to differentiate themselves, t-mobile, sprint. there is so much money on the sidelines of private equity. you could see someone try to clean it up and resell it. there's a ton of people, they can't capital out there that feel they could, with a compelling vision for what is the third most traffic in the world. you will see yahoo! stock appreciate, because as this becomes more of a reality, and it absolutely is the right honor, theeace with stock will go up. betty: why couldn't mercer do it? what happened -- why couldn't marissa do it? what happened? scott: give her credit. she made bold moves and acquisitions that turned out to be mistakes. the team with the best players wins, and she

but it wasn't that long ago that aol and yahoo ruled the chat world with buddy lists and screennames. well yahoo messenger has returned in app form -- and it hopes to stand apart with a new feature -- the unsend. yes you can take back a message you regret sending, (maybe you drunk texters may be interested), but that also can cause fights when proof of a conversation can vanish at any moment. yahoo also lets you send a huge number of photos in an instant, and it's tying in tumbler gif search so you can quickly reply with an animated gif -- which is something you can also easily do on facebook messenger. the new yahoo messenger app is available for androids and iphones. but the timing of this launch, is a bit awkward. there have been anonymous sourced reports that yahoo is considering to sell off some of its business. but there's much bigger news breaking in the texting world. those of you with nexus smartphones and tablets will be the first of the android clan to get the new emoji icons. apple folks have been flaunting the unicorn, taco and dozens of other new icons and faces for a fe

you know, aol did what i thought was clever.nd put it on, basically -- they just milked it for cash. still people pay-for-a ol di fo up. i think that's what probably what yahoo! needs to do. take the legacy business and treat it as a cash cow, take those profits and invest in something new. they invested in one thing, tumblr but didn't build a portfolio assets around tumblr that was aimed at that same youth market. they should have continued to invest in that strategy. that was a good strategy. >> there's still an opportunity to do that? >> hell yeah. absolutely. they got to do it. >> all right fred is our guest host for the hour. we'll have a lot more to talk with him. later we'll be joined by the co-founders of general assembly and edge and their approach to education. >> hover boards are running into trouble with a major retayler. details when "squawk box" comes right back. this is the one place we're not afraid to fail. some of these experiments may not work. but a few might shape the future. like turning algae into biofuel.

at previous peaks, you have those poster deals like aol-time warner, which really offered no synergiesas an absolute disaster. i go back to the macro conditions. they should remain supportive for activity. a lack of organic growth, which means that the shareholders will look for their boards to come out and find growth through acquisition behavior. anna: do you think europe is going to play a bigger role? we have seen some of these deals affecting europe, but not necessarily coming out of europe. >> speaking on the inversion point, obviously ireland is a very attractive domicile for u.s. corporations looking at those type of transactions. that may be something to look out for. i think the level of confidence in europe generally, and expectations for europe generally, are slightly lower than they are for the reasons -- for other regions in the m&a field. simon they have a more educated you have me on the macroeconomics behind that. i think we will continue to see activity in europe, but not at -- levels of other reasons of other regions, particularly in china, where we are seeing a real

as in, you can put your gmail inside of the main yahoo mail app, along with aol mail and some outlook accounts -- and it's all in one inbox. back in october yahoo redesigned its mail app, but gmail wasn't compatible. until now.""and speaking of google, the google photos app is getting a new feature that will be very handy for hoilday parites. google photos now has sharerealbums, whiciclets ltiple people add photos to one album. (video from google: 1:35-2:01)here's what i mean. and everyone is snapping pictures. to share, everyone can dump the photos into one shared album. a creator invites people to join a shared album, and everyone can select the photos they want the group to see. and there's no limit to how much you want to upload, it's free. and if grandma doesn't use google, just send her the url link." and if you need to pay back someone for a gift, you can now just text them the money with google wallet. the google wallet app will let you send a text message to send money to any phone number. the recipient gets a text message with a link to enter in their debit card to claim the

don't forget, earlier this year verizobought aol. but it would be a year before yahoo is able to finalize such a split, and it requires approval from shareholders. "that's it for this tech news update, and there's more at cnet.com. from our studios in new york, i'm bridget carey. ****""" 3 "weather on the ones brought to you by window world" 3 we should see more of the same temperatures today, but there is a slight chance of light rain showers in northern siouxland. we will see partly cloudy skies, but our winds are going to be much stronger as a trough swings through. it won't have much effect on temperatures with highs expected to stay in the mid 50s. we will see increasing clouds for friday and then a little bit of winter returns for the weekend. highs will be mix satutuay with a few snow showers lingering into sunday. a secondary y stem will move in on tuesday which will bring chances of snow again. 3 we'll take a look at your news and weather to go coming up after the break...you're 3 it's now (time) as we take a look outside as

verizon bought aol earlier this year. how do you fix yahoo!? does it need to be broken off? of companies that have had their day and that move on into the obsolescent bucket. the time that a company has stayed in the dow has declined radically over the last 30, 40, 50 years. i do think there is an important distinction to be made. facebook stays in the digital domain. facebook has its reach and its relationship with its customers all in the digital, virtual world. when a disruptive service reaches the physical social airbnb,ike uber and that is when you start seeing the friction. the technical friction is zero, the social and cultural friction is real. scale against facebook? i do not see it. bill: who is we? are we starting a company to compete with facebook? tom: not with you. bill: you got it right. they have a huge challenge trying to do that. tom: bill janeway with warburg pincus with us. coming up later, a conversation iowa, terryernor of branstad. i think that will be a little bit on fire. can he support mr. trump of new york? look for that later today on bloomberg

. >> an addiction. said he was a tweet aol aholic tweetaholic. >> he's got 129,000. >> we'll be right back. big news! the new sprint lte plus network is faster than verizon and at&t... based on data from the world's foremost authority on independent measurement. to celebrate, we're gonna cut some prices in half. verizon, at&t or t-mobile rates. no gimmicks. no tricks. it's the biggest offer in u.s. wireless history! what about verizon? 50% off. at&t too? 50% off. even t-mobile? 50% off. plus, we'll even pay your switching fees, up to $650 per line. so switch today. fact you won't find the brand pharmacists recommend most for cold and flu relief at the shelf. advil cold & sinus is only behind the pharmacy counter. ask your pharmacist for fast, powerful advil cold & sinus. relief doesn't get any better than this. the snow is starting to fall... and all the decorations are just right. the presents have all been opened... and our loved ones are gathered all around. so share that extra joy in your heart... and make this christmas even more special than the last. walmart has everything you'