50% of aol's leadership by 2020. episodes of bloomberg technology are live streaming on twitter. check us out at @bloombergtechtv weekdays at 5:00 p.m. new york and 2:00 p.m. in san francisco. this is bloomberg. ♪ ♪ caroline: a revolving door in tech, a new ceo at zenefits. he will be the third ceo of the embattled startup since 2016. david sacks announced he would be stepping down as chief executive. his tenure lasted less than the year after taking over from parker conrad. while cutting 45% of the workforce, the new ceo announced job cuts aiming to reduce cost in the wake of regulatory scrutiny and management shakeup. this week, we were live from palos verdes, california, where makers kicked off its women's conference. at the event, aol ceo tim armstrong announced a goal to have women represent 50% of the organizations leadership by 2020. he is also targeting equal pay in the same timeframe. aol joins a push by corporate america to make top ranks of executive more accurately reflect the population. we caught up wit

caroline: that was the aol cofounder steve case.dent trump's immigration policy continues to make waves in the u.s. and abroad, yet our next guest says that bad would be fantastic news for china and another u.s. tech competitor. our bloomberg gadfly, columnist joins us right here and right now. why is this fantastic for china? >> if you think about it, tim cook's job, all the big leaders, hired the best people from around the world. they will not limit themselves to the u.s. if they can't those people to come here and work, they will have to get them somewhere else. ,hat these is take a long time and i know for a fact that apple has had people sit in other places like japan waiting for visas, so they sit there and work away and do what they are supposed to do before they get to cupertino and work here. if the u.s. government is going to stop more people from coming income at some point leaders in the u.s. tech countries will say let's just put more people overseas where we don't face that problem. one of the places will be china. ap

caroline: that was the aol cofounder.ext guest says the ban will be fantastic news for china and other u.s. tech competitors. we are joined by david kirkpatrick. why is it fantastic? >> it is tim cook's job, and all the other people to hire the best people, no matter where they are from. if they cannot get this people to come in in and work in cupertino, -- the visas take a long time. apple has had people sit in other places like japan, waiting for visas. they sit there and work away and do what they're supposed to do before they can get to cupertino and work here. if the u.s. government stops more and more people from coming in, at some point, leaders in the u.s. community will say, let's put more people overseas where we do not face that problem? one of those places will be china, absolutely sure of it. apple has already set up around the world. it will be a problem, they cannot plan for when they can get into the u.s. and work here. they will say, let's put them somewhere else and work here. it is bad for that u.s.. ot

ceo of aol. you: good stuff, thank caroline and tim.e lined up against president trump and san francisco continues to be the front line of the fight. this is bloomberg. ♪ cory: facebook expanding paid leave for families facing hardship. sheryl sandberg spoke about why. >> this is personal for me. i lost my hunt -- has been suddenly almost two years ago and facebook provided me the flexibility i needed and we are doing even more. cory: it will allow for up to 20 days in the case of an immediate family members death and today's for extended family. san francisco has become ground zero for the debate over donald trumps immigration policy. san francisco's night circuit court is deciding its fate. leaders from the tech sector for the first and most outspoken critics of this executive order. 120 companies signed a legal brief opposing the order. alphabet is organizing the funding for this fight. we're going to talk with mark and greg. google's role is really remarkable. weekend, one of the family fledle, his soviet oppression. he was at the a

she found out. >> tom: it's a slippery slope, you start with these aol chat rooms, now kids are going. >> like i said, i have a great time this afternoon, but -- >> it seems a little sympathetic. a notch or if the synapses in your brain are the same. but i know that if my high school friends had the opportunity to not go to their house and eat all of their food -- >> here we go with the weight again. >> they would have loved it. saved a lot of food and chips. >> terrible, kids should interact with each other, they should hang out together, they should all be doing a play after school, they should be an "by by bertie," they should be putting on a show together and working together. >> tom: the telephone hour. >> you cannot have proper functioning human beings who don't interact personally with each other. it means that they are alienated and disassociated from human contact. >> tom: malice, let's talk more about killing 75-year-olds. what do you think of this app, quickly. >> i'm home 23 hours a day, i'm one hour away from being a recluse. >> tom: you would use these things? >> if i ha

the 2017 makers conference and catching up with the aol ceo tim armstrong. bloomberg. ♪ ♪ caroline: tired of the morning commute? uber may have a solution in the works. the director of engineering for aviation. the end goal is to develop a flying car. cory johnson sat down with wipro technologies brad stone for more . --with bloomberg technology spread stone for more. guest: it is just cool. a little background, seven years ago a guy named mark moore wrote a paper about the feasibility of this. stanford professor talked to larry page and the sponsor to companies. kitty hawk and the arrow. cory: a noted name in the world of aviation. of course, the right brothers. who percent they wanted to play a role in this ecosystem of flying cars. necessarily build them themselves but they have a role to play in changing regulations and negotiating with suppliers and creating battery technology. they recently hired mark moore who wrote the paper in 2010. this is very real. silicon valley is working on it. you will be soaring through the air to your job one day. cory: or

caroline: that was the aol cofounder. trump's proposed immigration policy continues to make waves in the u.s. and abroad. our reporter joins us here with david kirkpatrick. tell us, why is this actually fantastic? >> if you think about it, tim cook's job, and all the big leaders of technologies, to hide -- to hire the best people from around the world. if they can't get the people to come in here and work, they have to send them somewhere else. we have seen the h-1b process. the visas take a long time. apple has had people sit in other places like japan waiting for visas. they sit there and they work away and do what they're supposed to do before they can get to cupertino and work here. if the u.s. government will stop people from coming in, at some point they had to say, let's put more people overseas. we won't face that problem over there. one of those places will be china. i am sure of it. apple has already set up centers there. they have them all over the world. they carefully plan for when the they carefully plan for

urban outfitters now selling this t-shirt featuring the old aol logo. aol is still around but this is associated with that dial-up internet days, you know, that noise. >> good impression. you took me there. >> one thing that is not associated with the past, the price of the shirt. it is $45. >> what? >> uh-uh. not today. >> excuse me? 45 cents i want a prodigy t-shirt. >>> a drone gives us an upclose look at the disastrous flooding in san jose. we're going to give you an update on all the evacuations. >>> here at the live desk, i have live images from space. i will let you know why they're so busy today on the international space station. international space station. >>> farmers spent years wishing gus is a handful. we don't know what this thing is, but someday, gus will because this is the thing that gus will build that will change the world. and this is the thing that could change gus' world. gus doesn't know what this thing is, but we know what this thing is. this is the thing we'll help gus get rid of. and without this thing, gus can grow up to buil

. >> alex, i spoke to the ceo of aol.seem that the desire was there to get their hands on yahoo!. have a listen to what they said. >> when you to figure out whether there has in value changes. that is how simple it is. >> the value change has clearly been negotiated. what about the next steps? it is where verizon pushes with yahoo! consumers. >> right, you have a reason from tim armstrong about why bryson was able to accept a discount. they feel they can put aol and yahoo! together. they want to move on to whatever else is next. we've already reported that there was a conversation between horizons ceo and liberty video -- between verizon's ceo and liberty video. we know verizon is looking at 10 to 12 acquisitions. eating this deal done it allows them to whatever else is next to -- getting this deal done. it could be a much bigger deal than -- then yahoo!. it is only a small fraction of the larger company. yahoo! japan and alibaba. i'm yahoos standpoint, they were able to accept the discount price. they got a buyer and the

are more important than things like h-1b. ♪ caroline: an open critic of the trump administration, the aol has voiced disapproval of the ban. he discussed some of the changes we need to see in the united states, regardless of any change in policy. >> one of the reasons president peopleon is a lot of feel left behind. they are not seeing the benefits of job creation. last year, 85% of the venture capital went to the states that clinton won. only 15% went to the states trump won. california long got 50%. the disruptive companies in places like silicon valley creating new technology to destroy jobs in the middle of the country, but we are not upsetting that by backing entrepreneurs and that on the countries of they can create companies and jobs in pennsylvania and ohio and michigan. that has to change. we need more capital flowing and entrepreneurs. everywhere has a shot at the american dream. was the aolat cofounder. president trump's proposed immigration policy continues to make waves in the u.s. and abroad. our reporter joins us here with david kirkpatrick. tell us, why is this actually fa

how do you and short a lot -- ensure becomes the number -- aol becomes the number three?e: peace. google is very anchored in search and facebook is anchored in social and i think you will know us as being anchored in brand. caroline: before i comes to the yahoo! wasent -- meant to bring in a lot of web users and an e-commerce platform for advertising. are you disappointed with the timeframe? allie: there are always unexpected things. yahoo! is doing a great job working through the process. we have a lot going on, so we do not spend a lot of time worrying about how long that will take. caroline: you sound optimistic about yahoo!. what about optimistic about females in leadership question mark what do you want people to take with them from this conference? feel: i want them to responsible. it is one thing to consume information. it is another thing to assume responsibility for taking that information and doing something actionable with it. whether that is going back to the thousands of women network on aol and all of our brands and making sure they experience at least a sig

and aol together.have already reported that there was a conversation between verizon's ceo and the liberty media ceo about a massive deal for charter communications. we don't know if that will happen, but verizon is looking at 10-12 acquisitions after yahoo!, so getting this deal done allows them to move on to what ever is next. you have to think there is a high to likelihood that could be a bigger deal. on the other side, really, internet business is only a larger fraction of the company, so from yahoo!'s standpoint, they are willing to accept the discounted price to get a buyer for their property, but so they can monetize yahoo! japan and alibaba, which is the crux of yahoo!, and that is what they need to figure out. is someone going to buy this stuff from them? is it going to be alibaba? are they going to trade this stuff? all those are still outstanding questions. caroline: alex you are a busy , man. therefore i want to make the , most of you while you are on the show. also on apple, we are talking

to close between april and june, it will combine yahoo's search and messenger assets with verizon's aol unit. >>> wells fargo has fired four senior managers in the sales division, is because of the findings last year that bank employees opened more than 2 million accounts that may not have been authorized by customers. >>> a judge in stockton today sentenced a bank robber to life in prison for using a woman as a human shield against the police. jaime ramos and two or men robbed a bank of the west branch. they took two women hostage, one of the hostages, misty holt- singh was killed. her family was at today's sentencing hearing. >> they killed my daughter, she was taken from me. >> the emptiness will always be there but we will always remember misty for the amazing person she was. >> police fired 600 rounds into the suspect's car, 10 of them hit misty holt-singh. >>> coming up next, a look at the bay area's aging mass transit system and what it would cost to fix it. >> up next, day two of our week long series on our vulnerable infrastructure. >> we are tracking the rain and the snow in t

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jonathan: you have aol? he does. we will shame you. our producer still does. steve: awesome! of it. i have had it since 1996. michelle: all your contacts. jonathan: you've got mail. steve: confessions on the 4:00 news. a big warmup on the way heading through tomorrow and friday. a cold front that will bring a lot of cold air across the region come sunday. it's cooler in annapolis. wind direction from the cooler waters off the chesapeake bay. night time lows 44 to 52. that is typical for the year. which is 49. the highs are well in the lower 70's. a good deal of sunshine in the early morning to the afternoon. warmup on friday. the highs in the lower to the middle 70's. cold day on saturday and will likely trigger showers from isolated thunderstorm or two. colder air on sunday. only in the upper 40's for daytime highs. look at the ten-day outlook this weekend. 70 on saturday. upper 40's on sunday. once we get past the weekend another warmup on the way for next week. wednesday upper 60's to 70. traffic, always an issue on afternoon and the early evening head to trenice bishop. t

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brand and merge its technology with aol, which verizon acquired in 2015.e deal now goes to yahoo! shareholders for approval. it's expected to close in mid april. kate: the euro zone economy is improving. in february, manufacturing and service activity grew at its strongest rate since april 2011, according to the month emi survey. a reading above 50 indicates growth, and you can see there was an activity spike last month to 56 for this month. the weaker euro helped offset the boost from orders abroad. france outstripped germany with its highest pmi in nearly six years. the strong economic growth could play a role in france's upcoming presidential election. the candidates will be tuning in to see how the economy fares. the data helped boost european markets, the dax leading with gains over 1.1%. and just really boosted by strong results in the mining industry. the ftse was dragged down by the banking sector. tray,ergy sectors pushing oil prices have risen about 2% after opec said it expects numbers to continue to climb with that agreement to scale back outpu

urban outfitters is now selling t-shirts featuring the old aol logo.l in business but it's definitely associated with the dial-up internet days of the past. one thing that isn't associated with the past with the shirt, the price. it's $45. for a t-shirt! >>> well, the oscars countdown continues today with a comeback of sorts. >> you know, it got me. so i figured if it can do that to me, i'm pretty callous. i could maybe tell the story. >> the story that brought mel gibson to tears, and the oscars. >>> and kristen has a look at what's coming up at 5:00. >> thanks. san jose is not the only place experiencing flooding. we're live in clear lake with rising waters and mandatory evacuations. from bridges to boulevards, buckled roadways are a mess from the east bay to monterey county. and the discovery beyond our southeaster solar system. what nasa has found 40 light years away next, at 5:00. at at&t, we believe in access. the opportunity for everyone to explore a digital world. connecting with the things that matter most. and because nothing keeps us more co

. >> and good evening, conditioning aol democrats held meetings today all over the bay area as the republicans move towards repealing and replacing obamacare. >> we're live from the news room with how democrats say they can save obama's signature health insurance policy for all. >> reporter: six congressional democrats met with their constituents facing a more receptive crowd and cheers compared to what the republican leaders have seen at their town halls. they have assured us that democrat also not compromise on repealing portions of the act, but they can't win over republicans alone. across the country, lawmakers are meeting with constituents. the talk always turns to health care and what the republicans plan to do with the affordable care act. while the republicans faced hostile, loud crowds, the democratic leaders in california were greeted by supporters today. >> and a real difference in the lives of the american people. >> reporter: the democrats say they will not compromise on redrafting the affordable care act, but as the minority party, they'll need public help. >> you have to talk to

all right, tomorrow, caroline hyde will be bringing you several interviews including the ceo of aol.e bell -- we will discuss that. this is bloomberg. ♪ cory: all right, breaking news here. to big companies, both of them selling computer artwork, both of them have women executives, both of them saw earnings and revenue shrink, and both of them gave record pay to their ceo's. romilly.an and jenny we have the statements of what they're paid. gina from eddie hageman $.5 million, a big improvement in her pay. was itett-packard, what $5 million in stock bonuses big for gina from eddie? meg whitman, $35.6 million at hb. big news there. disney is in the hot seat. the ceo says profit growth could be modest. network is at an 11-year low in subscribers, suggesting disney should consider divesting from espn. scarlet fu dove into earnings today in numbers don't lie. of espn the importance is apparent and is april operating income. made up halfroup of the uprooting income. is the and is dipping's highest rapid generating -- is disney's highest profit generating network. the tv bundle concept is s

we are sitting with a former aol executive. >> he is a man that you know well.sitting with him right now. we were talking about potentially the fact that all of this, blockchain is in hype mode. overhyping it? >> it is not necessarily a solution for everything. there are examples where it is a perfect use case. payments, for example. you have 2 people trying to settle a transaction without a central counterparty. bank inhe third largest india last month, as well as the largest in middle east going into production. >> what about international clients, international expansion? is that something that you foresee, or will you not be able to get into the conflicts of interest here? >> we work with 90 banks worldwide. there are about 8000 swift enabled banks of 23,000 banks around the world. we have a long way to go. we clearly think we are solving a problem on cross-border payment. it is amazing how much time it takes to send a payment with your own money. >> don't i know it? it is painful. brad: i made the joke, it is easier to send $10,000 by taking it with you on

to the ceo of aol last week. the desire was really there to get their hands on yahoo! its consumers. >> i'm hopeful the deal closes. we have a high appreciation for yahoo! overall. that is how simple it is. >> the valley change has been negotiated now. what about the next step for both? >> you have the reason about why verizon was able to accept such a low discount. part of why they want yahoo! is so they can move on to whatever else is next for verizon. we have reported there was a conversation between verizon's ceo and libertarian -- liberty a massive deal for charter communications. we don't know if that is going to happen but verizon was looking at 10-12 acquisitions of size after a yahoo!. it allows them to move over. you have to think there is a high likelihood that could be a bigger deal than yahoo!. yahoo!'s internet business is only a small fraction of the larger companies you mentioned. yahoo! japan and alibaba. they were willing to accept the discounted price. not only to get a buyer for their property but so that they couldn't monetize yahoo! japan. which i

. >> and good evening, conditioning aol democrats held meetings today all over the bay area as the republicansove towards repealing and replacing obamacare. >> we're live from the news room with how democrats say they can save obama's signature health insurance policy for all. >> reporter: six congressional democrats met with their constituents facing a more receptive crowd and cheers compared to what the republican leaders have seen at their town

including aol cofounder steve k.d some of the other changes we need to see within the u.s. regardless of any change in policy. tune in the saturday for the best of bloomberg technology. this is bloomberg. ♪ caroline: now while many ceos have joined trump's business advisory council, there is one notable tech send out -- standout. tesla ceo elon musk. biographer with musk ashlee vance to talk about how -- >> it is a strange turn of events. if you look at his personality and where he will fall on the political spectrum, trump is not the first person you would assume he would be united with. peter thiel has been this big supporter of trump. he sees himself as the voice of reason. someone who can offer a big perspective on things like global warming, manufacturing and he is very opportunistic. he seems to be taking this moment to seize it. caroline: have you see the balancing act he plays on twitter at times trying to castigate the president and trying to back him up? intense getting pushback from his customers. a lot of

and aol together, something armstrong has been excited about for a long time and there is real valueing created -- to be created there. on.line: great to have you thank you so much. a great conversation. brad garlinghouse. cory: thank you very much, caroline hyde and brad garlinghouse. we will hear from the man who helped to sell. that is next. daniel will resign in the spring. you can catch that exclusive conversation on bloomberg a.m.reak americas" at 8:00 eastern. this is bloomberg. ♪ shery: i am shery ahn with an update of the top stories. breaking news out of toshiba. its main banks are said to pledge continuous financial support. toshiba is said to request an extension of loans to the end of march. we are seeing its stock declining more than 9% pure dream of a, toshiba had a write-down of more than $6 billion. it is selling a majority stake in its chip business. it is also said to be just halting their nuclear power business. inle is said to be discussions with china's boe technology group to supply next-generation displays for future iphones. the tech giant has been testing th

and new powers, in the old days it was time warner-aol, and that deal blew up.have the potential of a battle between at&t, if they can get the time warner deal done, the, for the cable, not the cable side but the content side and disney if they do transformational deal like buy netflix. that is what at&t is worrying b they will go toe-to-toe with them on transformational deals. liz: espn is down for the count. why not espn buy twitter? they're streaming sports. >> i was at the super bowl. i spoke with some espn executives. liz: twice you said you were at super bowl. i was there too. >> i was the commissioner's dinner and sat in the box. i was, went to the -- liz: i was eating skittles. >> i was in the exclusive part, exclusive tailgate party where all owners go. i saw our boss, mr. murdoch. i saw vince vaughn. i saw shaq. liz: keep going. >> anyway, spoke with some people at espn and they were like trying to dismiss twitter as a potential buy for disney because espn owns dis-- owned by disney. they say it is perfect. twitter doing all the sports. who else did i

verizon says we're buying yahoo and aol. you busted but maybe this is a new one and you need conte content? >> do you buy that? hello, i'm randall stevenson speaking to you from pebble beach where we will be golfing. >> you're not allowed to imit e imitate. >> why -- >> can you -- >> industries change, why do you need to fail in the one that you're in? >> maybe it is just this is a device and you need content? hey, let's not rule it out. they can't be stupid and stupider. >> why every time you need to do something, do you need to use the balance sheet and own and control the next move? why do you have to pay 50 billion for direct tv and $85 billion to buy timewarner? right? why? let me tell you, you don't. here is your smart phone. everybody that has one, picks it up and listen to all these suits and say, you know, the young kid with the phone says what the hell is a cable industry? what's a wireless industry? i don't know what that is. >> why -- >> i want to pick that up and watch what i want to watch where i want and i wan

it includes shirts saying napster and aol. these shirts sell up to $50 and kenny, i feel old all of a sudden. >> yeah, me, too. so we're celebrating dial up internet and 20-minute waits to download a song on napster. you remember those days? >> yeah. i never thought i would use nostalgia and '90s in the same sentence, at least not yet but we are here. >> jill wagner, cbsmoneywauch.com. thank you. >>> it is 5:43. powerball pandemonium. next, a look at how much you could walk away if you win tonight's jackpot. ,,,,,, ♪ why do so many businesses rely on the u.s. postal service? because when they ship with us, their business becomes our business. ♪ that's why we make more e-commerce deliveries to homes than anyone else in the country. ♪ here, there, everywhere. united states postal service priority : you drivers have been dealing with wh >>> we continue our storm watch in the sierra. drivers have been dealing with whiteout conditions there. this is what it looked like near donner summit yesterday. drivers were stuck for hours and

it will combine verizon's aol message with their advertising tools. the deal is is expected to close in a few months. >>> and ups is testing the use of drones for deliveries in rural areas. this video shows a drone making a delivery while the driver fakes another. company officials say deliveries in rural areas appear to be far apart and drones could make some of those deliveries easily saving a lot of time for miles for trucks and drivers. >>> more fallout from wells fargo involving fake accounts. the action against several senior executives. >>> we've got a little bit of rain left over and a cold morning tomorrow, sunshine. then we'll get back into some rain. >> we will update you on their compromised levy. see the work done today to shore it up. >>> in the north bay police released a sketch of a man. the victim was attacked on february 11 behind a shopping center on seventh street and grant avenue near lee gardner park. police also provided these surveillance images. they show the suspect as he walked into a lucky's supermarket on grant avenue. he

this is a study done by aol. the app may be killing your self-esteem.ng lower levels of satisfaction with their faces and their bodies and had lower self-worth than men and women who don't use tinder. results show male tinder users were equally or more affected as their female counterparts. >> interesting. >> yeah. researchers say it doesn't mean tinder causes low self-esteem. it could mean that people with low self-esteem are drawn to the app to begin with. >> ouch. >>> next, the crisis at the lake oroville dam. the crews helping with the damage. >>> a processor say the fixes crews are working on may not work. >>> we had the sig alert since 4:30 this morning. a semi was fully engulfed on westbound 580 before hopyard. westbound 580 before hopyard. we have westbound 580 before hopyard. we have ♪ ♪ we'll help you invest to protect it for the future. financial guidance while you're mastering life. from chase, so you can. from cha♪e, so you can. ♪ the hydrogen fueled mirai. its only emission is water. toyota. let's go places. >> announcer: good morning, sou

you could go back 10 to 15 years and talk about aol, but this happens.n, there's always fashion risk in this industry and i don't know what the solution is for twitter. my guess is in order to really grow the base, you're going to have to dramatically change the user interfarks and therefore, probably piss off some of your core users. that's really the choice they face. and when they talk about stream-lining ad products, that just makes it sound worse. so, i am not sure what the solution is here. i guess we did ask the question on the call about whether there was a negative effect to user and engagement growth due to the president's use of twitter. i don't think really that it's known. i don't think twitter knows what kind of impact that's really having, other than it's obviously not having a positive impact. >> eric, is it time for jack dorsey to hand over the ceo reins to somebody else? he's running square still. you've got this bad quarter with the stock down now more than 10%, at least at this point in the trading day. they have not managed to have s

conditions out ther'sehe even though a few snow a few flurries north and west.es nor after school todayth aollow 40'sw 4s and it will be chilly here. h wind chills will be in the the 30's later this afternoon.ft all right.all right. most everybody at or below freezing.eezing washington 34. quantico 34 but leonardtown now 32.. fredericksburg 28 degrees. 28 d 31 out at dulles.dules. 31 this morning in hagerstown.g. 30 in winchester.chestr. just about everybody hererybody below freezing andhe the windngn chills are in the 20's.re i all right, there's your lakeo effect snow machine kickinging in. it is close enough that it's i's along 81 here so just off offf hagerstown reaching downdown towards winchester front royalf will get in a few light snowight showers. a little further out to the west school dela fys outur in garrett county because of the snow out there and they have a a winter weather advisory here for for the morningyl hours.h all right, there's the lake effect snow.re's you get theeffect idea. ida. the flow there is out of your or north and west so we'll be partly sunny today.today. da

verizon will own yahoo along with aol and a number of other properties. for yahoo shareholders, they'll be left with an investment company with three main holdings. the largest, the 15% stake in ali baba. yahoo japan and a good amount of cash. not quite sure how much because we're not quite sure how the proceeds from the yahoo core business sale to verizon will be taxed. but a lot of cash. and then the question becomes, well, how does it trade, at what kind of a discount? that could figure into tax reform, based on what the capital gains may be or repatriation. i believe the ali baba stake is held overseas. is there a way to forge a tax advantage structure to allow ali baba or yahoo japan to take in the stakes from what the remains. that's the next playbook. the stock is up today on this news. typically it moves the most based on how ali baba is moving. that's by far the single largest part of the overall value right now at yahoo. as for verizon, this seems to be one of their bigger content moves, though they may be very busy this year and may choose to e

deal will combine yahoo search, e-mail and messenger assets and advertising technology tools with the aol unit. >>> bay area based snapchat about to become pub lit. the parent company snap will become the road show this week. when it goes public, snap is expected to be worth as much as $22 billion. set to be the biggest u.s. technology initial public offering since facebook went public back in 2012. snap would nearly double the value of twitter which has a market cap of $12 billion. analysts say fewer technology companies are going public these days. >>> and mattel, struggled over the holidays. now it is introducing a new barbie doll. you can't play it with though. the company is going high tech, introducing a $300 hol ogram barbie. she lives in a box. it is being compared to the amazon echo but for children. it does not store any information on the servers but it is more expensive than echo. echo is about $5,000. >> this 50 -- $50. >> and this costs $300. >> but girls will want it. >> sure. >> traffic has been a bear. >> oh, sal has been busy since he walked in. and you're still busy now

tact with the yahoo acquisition, which is expected to go through and of course their ownership with aoluch smaller. but we've talked this morning of course about a potentially enormous deal in consumer goods. there is also the possibility that later this year we are going to be talking about at least one of these companies involved, not at&t because they already are involved in something fairly large, and let's throw in the cable companies into that mix as well. >> and reports out of the journal this morning that jared kushner adding pressure on time warner about cnn coverage. >> he's been all over for a while at the president's behest, carl, as i've said many times one certainly hopes that the future of that deal does not in any way ride on the administration's perception of whether it's fairly treated by cnn. >> a lot of people throwing predictions out the window this week. opening bell a few moments away. my name is jamir dixon and i'm a locate and mark fieldman for pg&e. most people in the community recognize the blue trucks as pg&e. my truck is something new... it's an 811 truck. w

idea couple you wear sweats aol theso time and hang out home.e. take in. lounge u in the west end area the ritzhez carlton georgetown. and they have great drinks.at dk it's very sexy.sexy. so if you can't afford like foof and drinks it might just be goog to grab drinks there. >> go grab drinks.nk look nice for your special spe someone. this is alternative gift idea itde think is awesome. >> yeah.>> i pick alternative gift not gif everybody thinks laundry and dry cleaning is sexy and fun.. >> getting it done is. i getting it done is. is. there's brand new app i used tod live in new york called cleanlye you can order from the app what you want dry cleaned, what youht want laundry and they'll dohey'l laundry by the pound. fill up this entire bag and b they'll charge you like $15.. >> iyman are you will they actuallying it. it >> they fold it up and put it it saran wrap it looks reallyeall beautiful, then you can alsoan a have things dry cleaned. and they tell you what time you can have it dropped off.ed bet. you pick when it's picked up. pd you pick when it's

alix: steve case, aol cofounder.eiderman joins a list of 18 attorney generals who have filed a federal lawsuit to put a stay on president trump's travel ban. we will speak with him exclusively at 9:00. ♪ ♪ this is bloomberg -- emma: this is bloomberg daybreak. coming up, andrew witty of glaxosmithkline on the president's comments on drug pricing. time now for other stories making headlines this hour. i am emma chandra. dupont offering concessions to try to get the european union to agree to it every $4 billion combination with dow chemical. they are willing to sell part of the past business and the rmb that goes along with it. carlyle group posted fourth-quarter estimates that missed estimates. company founded by david rubenstein took a $175 million charge related to losses in its dwindling hedge fund business. they are stepping back from hedge funds and will focus more on global opportunities. stunt growth prospects to the danish brewer. they generated almost half of their operating prospect in 2009 but the prophets

many points out this piece of nostalgia stained gear costs more than it would for you to actually use aol'srvice, the priciest comes at $25 per month. >> i probably have one of these somewhere. >> i want to know if steve case is getting a licensing fee for this, how this works. i remember that logo. do you remember when the discs used to come with magazines and the newspapers on the weekends to sign up? >> constantly. >> before that, compuserve. do you remember that? >> i do. >> i remember the sound. >> the modems. >> how ugly were those screens that looked like small tv sets? >>> coming up, trumponomics. ed connor will talk about the road to tax reform. "squawk box" will be right back. are moving to cities every year. at pgim we help investors see the implications of long term megatrends like the prime time of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure and emerging markets. partner with pgim the global investment management businesses of prudential. with e*trade you see things your way. you have access to the right information at the right mo

>> so between -- so they already have aol. they tack on yahoo!. sort of growing the mobile ad network pie slightly by owning both those properties. the thing is, it stale pales in comparison to facebook and google, but that's the next best thing you can get. the other thing they want is the ad tech. they can sell advertising on mobile phones through all their different smart apps happening on there. verizon ultimately, they want toing loo differeto look differently from at&t. if they can sell contents and services that at&t is not offering, that's what they'll get. >> this is tiny relative to what at&t is about to do. i'm not suggesting it's right or wrong, but they're going a different direction. >> 5 billion versus 85 billion. yeah, they're very different but it's the same sort of -- they want similar outcomes, which is we need to look different from each other. we can't be a commodity service anymore. >> we're going to pivot to snap for a second. >> oh, yeah. >> yjoseph began the show -- really, before the show began. >> were you on snapchat? >