emily: you think coinbase is the next aol? strong feeling coinbase could be the next aol here. that coinbase has a choice, they can end up like aol or like facebook. the reason facebook is facebook today is because they took the stock and balance sheet and bought everything they could they thought was a threat. they did an incredible job at that. you can put google in that category as well to some respect. coinbase is going to have to do the same thing. because there is so much innovation coming down the pike, and their transactional model is not going to get the multiple it does today, as their growth rate slows, and other competitors take market share. they can choose to use that and invest in all sorts of projects that by companies to become a less transactional model. or they can state what they are and they are going to end up like aol. my view is tinged with hope as well, that they do end up like aol and not like facebook. because i would like to see the cryptocurrency ecosystem be more distributed than in one hand. but

and verizon is exploring a sale of its media assets including yahoo and aol.ts business could be worth up to $5 billion. verizon, though, did pay more than $9 billion combined for aol and yahoo together but the digital media has failed to reach goals. verizon has sold to the owner of word press. keep an eye on some of those headlines. that's your cnbc morning report. kris, marcus, i'm one of the few folks out there possibly that still uses their yahoo email address on a regular basis. >> me, too. >> yahoo! >> i like to keep it vintage. thank you. >> we're like the originals. >> exactly. >>> amazon is boosting its pay for thousands of its workers. the company says more than 500,000 hourly employees will see an increase of 50 cents to $3 an hour. the starting wage is already $15 an hour. that move comes as the company is preparing for a federal hearing over challenges to its victory in a union election at a warehouse in alabama earlier this month. >>> 4:45. this morning a key health care signup californians. what you need to know and the all-new protocols and pr

or aol? right? a big difference between those things being first isn't always best. across so many of these big breakout ideas in tech over the last couple decades. thinking google search, facebook apple graph design and vertical integration, leaders often said we were so afraid that the big companies were going to come in and eat our lunch before we had the chance to get the right lead and the right moat does coinbase have that lead and moat or will they get yahoo! and aol here >> very early days in cryptocurrency higher mark still on the order of $2 trillion sounds like a lot but it's very little compared to almost all other global mature currencies i like to think about terms ow how you quantify whether someone h has -- to suck seed. developers in the ecosystem are building with and on and for them at scale. if they're doing a really good job focusing on a long-term basis along with the capital coinbase led by emily choi the most dynamic and creating an alumni network that contributes back to the system, ecosystem. develops protocol methods engaging think cryptocu

those include aol and yahoo!. we will see more about what the plan is. probably not a huge surprise. more next. this is bloomberg. ♪ joe: ijoe: let's get a quick recap on those apple numbers that just came out. basically crushing on everything. q2 revenue, 89.5 a billion. all ahead of the 7.7 we estimates. every category. iphone, ipad, services, macs, all crushing estimates. stock up 3%. caroline: apple sales crushed wall street. other news on big tech to amazon saying they are hiring tens of thousand jobs in the u.s. boosting pay for three dollars an hour. amazon makes more than 100 billion per quarter in terms of revenue. it is investing in people. they are doing this sort of political gesturing as apple did as we start to hear president biden talk more about tax increases, about the future corporations in particular. we are going to be turning to president biden who is set to unveil the details of his tax overhaul this evening. when he delivers his first address to the joint session of congress. >> he has come out where he has come out at 28%. we are

you mentioned aol and yahoo!hen they took steve case out and jerry yang, those companies were run by professional managers who ran them into the ground and, you know, i think yahoo! had five ceos in six years or something and staying like that. i look for the founder authority. i think that's the big tell. if you have a founder running the company, steve jobs, you know, he leaves, comes back, you see the correlation. as long as brian is running the company i would be confident in it i think there's two games being played here simultaneously there are people who have been in the markets and we look at them as like this, you know, beautiful cathedral with rules and decorum and a process and i think cnbc and the venture community and private equity, we all kind of fall into that bucket and then people who look at this as betting and recreation and they are playing a meta game and look at shorting stocks and coming over the top and gamestop and dogecoin, this is all a big joke and fun to them and it's gambling they'r

but undehir s leaderipsh, they took aol bd step.gdi an entilyre new one. >> wvee' reducedxc eessive fceor compinlats by 95%. r>>eporter:is h advice r fo police departmtsen acrs osthe countr ey,mphazesi de-escalating training. >>ra tining ofcefirs in thare t anskd ill of dese-calations ias importt anas teachg inthem how tocc aurately oosht thr ei weonap. e ultima otebjectives ithat everybodgoy es home tathe end of thehi sft, not stju one party. >> training is cometplely relevantf iyou don'hat ve lipoce accouabntility. lice accntouability wishat rces a picole officetor think ice or wwie ll contie nuto see llkiing of urmnaed african-eramican menn ithe ituned stateofs americaun, til we srtta to holdhe tm accounbltae. >> repteorr: in thtre ial of offir cederek chviaun, the prosecioutn restedhe tir case today. st miles from whe ergeorge floyd to hokis last eabrth, anotr heblack li cfeut shortnd a anheotr familyef lt grievi.ng he was goa od father. he lovedis h son. and he wteand to seeim h grow up. r>>eporter:ef lt in theak we, a son with

. >> oh, my gosh, and still thinking about brb from our aol i'm days. >> i have another one for you,ch means respond on monday, especially if you are sending a message on a sunday. >> that's a good one. i will get your book and all the little new terms i need to know. thank you, erica. final question, you are going to be a speaker at the bb wc event, what can we expect from you? >> every attendee will learn the new signals of digital body language, that they may be sending, even if they don't intend to, they will also learn practical ways to foster trust and engagement, no matter the distance in video calls, emails, text message exchanges, and even in modern-day texting. last but not least, i will share key workplace strategies to foster culture, trust, and collaboration. >> erica, i gotta wrap it up, and getting the queue, so sorry. this was great. erica, author of digital body language him a thank you so much. once again, the professional businesswoman of califo >>> thank you so much for joining us >>> tonight, the major vaccine temporarily halted here in the u.s. the johnson & joh

japanese technology company shares are down 2.5% right now stock number three verizon is giving up on aol yahoo! verizon is ex-flploring the salo the media giants that business could fetch $5 billion. the problem is that verizon paid more than $9 billion to buy them >>> still to come on "worldwide exchange." you heard of telemedicine with doctors, how about a tele telemedicine dental call we will talk to the ceo of grin next >> announcer: today's big number $2.2 billion that's the total sales of nfl players association licensees for the year ending in february. up 14% from the year prior tampa bay's tom brady topped the players list for the fourth time since 2014 future, is human nature. at edward jones, our 19,000 financial advisors create personalized investment strategies to help you get back to your future. edward jones. did you know that petco, is now a health and wellness company? i adore their groomers and their vets our physical, social, and mental health cared for in one place. ♪ petco. the health and wellness company. i love two things, eating high quality cat food from petco, a

i can relate to what you are saying about going up in the nineties being on prodigy and aol and being exhilarated by the ideas that were put out there. i associate this with wired magazine. the other cofounder of eff publishing and wired. dyson was another eff person in the wired world. i had a lot of the same experiences in the nineties. but this is a very long windup cousin trying to figure how to pose it. what is still useful about those ideas and what is not useful anymore? fairly or not barlow is considered a utopian are a libertarian the libertarian politics like dyson generally were very evident. newt gingrich is on the cover. so i think it's fair to say from your work and from the passage that you read that you do feel a connection with that legacy but what do you think is still active today? what should we harvest and what has aged less well quick. >> that's a great question. it's interesting because i've been in germany the past seven years. there are a lot of german thinkers who have very similar perspective to the libertarian thinkers in the us. of course there is more cen

can you imagine 20 years ago and the likes of aol and yahoo! were for sale? imagine what our coverage would be like? tom: that is true. i happen to be steve when they unloaded that dog and it stayed a dog and is a dog. just the back of the envelope. another current 4.9 billion -- what do you want to call it a loss? write down whatever from verizon. this has been a trained wax from day one -- rec from day one and i do not think we have the final accounting. jonathon: they are not for sale, they are exploring a sale. tom: maybe they will do the sale in bitcoin. jonathon: at least, this has not worked out. lisa: it has been a tricky combination and there is a question about big cable companies and big tech companies becoming involved in the media space. it has not worked so well. this is an ongoing theme. tom: major shout out to tim on strong who got in -- armstrong when it was happy and got out at the top. lisa: objectors. tom: we just heard from the cdc, cautiously optimistic. we are always optimistic to speak to jennifer. good morning. i want to know the dist

. >> that law was written when we were dialing up to our aol account and dialing up $20 million a year> let's not forget, lobbyists are the ones that write the bills that congress then -- congress members are not writing the bills. it is the lobbyists and other firms. eamon, thank you stay to that story >> all year. >>> and coming up, we talk a lot about the rollout of covid vaccines on the program. why not? a story of a lifetime. the real story could be on the treatment side we talk to our top tech analyst next >>> and as we head to break, chipotle blasting through earnings. online sales topping in-person orders for the first time ever that is important. digital pick-up orders are more profitable than in-person orders >>> marvell technology closes on the deal with inphi. >>> i have to say, i'm jealous of this story. "jeo "jeo "jeopardy!" announcing the final slate of guest hosts david faber has been added to the lineup hosting, i guess, a week of "jeopardy!." i'm envious. david, a former "jeopardy!" champion you go, david. see you on "opdyjear!. the man never ages we're back after thi

. >> can you just give me a general sense -- when's the last time that you've actually aol -- i don't mean to be dismissive -- but actually arrested a suspect? >> it's been many years, sir. >> your role as a minneapolis police chief is sort of grander in its scope, right? i mean, it's -- >> it's large and in context and the operations of the department, yes. >> and part of that job is to be sort of aware of issues in policing, kind of policy changes, use of force changes. all of these things under -- fall under the umbrella of your role as the chief, agreed? >> yes. >> and you're sort of the general in a sense, right? formulating the plan for your police department? >> and delegating some of those to subject matter experts, yes. >> correct. when you talk about training of a police officer, you would also include the training that the minneapolis police department goes through, but you may go to other trainings out of state, listen to speakers talking about issues that confront policing, right? >> yes. >> as well as maybe a homicide detective will get permission to travel to an intervi

got no comment they are looking to invest in spectrum for high-speed wireless offering verizon bought aol $9 billion and has already written down about half of the value that is a long way from back in january of 2000 when the two companies, then both public, had a combined value of more than $300 billion verizon's media business which includes news sites such as "tech crunch" last year reported nearly 6% decline in revenue jon. >> julia, it is interesting to think what went wrong at yahoo, baug because it is easy to think it was doomed to failed yahoo could at least have been that jeff weiner, a lot of people forget, he was there jimmy pittaro, who you just had on a couple of days ago. he was at yahoo. they had good people what happened? >> yes well, there are so many different stories wrapped into this news today, but also just more recently, jon, the question is what happened to build up as yahoo media assets as a real alternative to facebook and to google and that digital duopoly as it is called in the space i think the effort to build up the advertising alternatives couldn't compete

aol/time warner merger was this net scape coming public there's all kinds of comparisons but ultimately the reality is we've seen a much more broad rally across other digital tokens in the last, really year-to-date, as bitcoin has gone from $29,000 to $63,000 or such that to me is more of what we're doing here this conversation i'm not sure we would have expected we could have had this conversation two years ago let alone four years ago. it's not a question of validation, it's a question of really what is the value of this company that gets 50 basis points on each transfer ac-- transaction. we know that will compress but what are other opportunities. >> karen, how do you answer that question what's your view of this because right now about 90% of their revenue comes from retail transactions if that compresses they better find another line item of revenue pretty fast. >> yeah. well they're trying to i mean, they talk a bit about subscription they would like to build that business but that's not obviously what's driving it right now. as tim talked about, those margins are really extraordi

steve: it reminds me of the early days of the internet and aol.ed about getting everybody online and most people were skeptical. finally what seemed like a crazy idea suddenly became an obvious idea. we have actually worked on this for nearly a decade. president obama started it a year ago. -- started it a decade ago. for much of that decade people were like, it seems like a nice idea, you really believe you can build iconic companies out -- outside of silicon valley. the pandemic has resulted in some people rethinking where they want to live, and where they can or want to work. and i think what happened over time was a real impact of more of these cities rising up because people will recognize they have more flexibility than they might have thought they had been just a year ago. emily: do you still see this happening in clusters, and cities where new ecosystems are sprouting up, or is it more dispersed like, could it be happening anywhere? steve: it's a mix. it depends on the industry. there is this remote work in pre-pandemic taking hold. part o

. >> type it in google or dot dot go, whatever your search engine, aol, ask jeefs how to write a tv showwe'll be right back with a performance by kings of leon. is. [ rarace light c countdown ] ♪♪ ♪ when you s save moneyy with a allstate you feel l like you'rere winni. safe d drivers savave 40% sasaving is eaeasy when you're i in good hanands. allslstate. clicick or calll for a a quote todaday. ♪ ♪ i'll be righght back. with m moderate to severere crohn's s diseas, i was therere, just nonot alws where i i needed to o be. is she alrlright? i hope so.o. soso i talked d to my doctcr abouout humira.. i learned d humira isis for peoplple who stilille symptoms o of crohn's s diseae after trtrying otother medicacations. the e majority o of people on humirira saw signifificant sympmptom ref in as lilittle as 4 4 weeks. and d many achieieved remisssn ththat can lasast. humimira can lowower your ababy to fightht infectionons. seririous and sosometimes fatatal infectioions, includuding tubercrculosis, and d cancers, includining lymphomama, haveve happened,d, as have b b, liver,r, and d nervous sysy

i also want to point out the verizon media train wreck, as they jettison aol and all. i'm going back and forth, but we are trying to get it all in. i love the phrase, "we connect people to their passions." jonathan: how's that working out? tom: the new look at apple, take the verizon media phrase, connect people to their passions, and throw it over to apple. those are the winners, losers in this derby. jonathan: one company is doing it, the other company isn't. equities at all-time highs on the s&p 500, 40 do hundred. we had -- 4200. we advanced 0.7%. yields higher on tens to 1.6504%. a big call out of goldman we will touch a bit later on on the commodity market. lisa: it is a boom market. perhaps mcdonald's is connecting people to crispy chicken sandwiches, which evidently was one of the reasons why they said comp sales were so good. today we are looking not just towards crispy chicken sandwiches, but also initial jobless claims are expected to come down. i still wonder why they are not coming down faster. the expectation is for about 530,000 new jobless claims. still

it's like congress is aol when it comes to immigration reform. >> sean: juan, you are absolutely right, this is not that complicated. if you actually secure the border and then you deal with people on the inside, there should be bipartisan agreement. but it seems like both sides like this fight and can't get anything done. it's a problem. what i wonder is we saw that video, how many other scenarios like that are out there that we didn't have video for? i mean, there is no videos of little girls getting raped or sold into slavery, the number of kids who catch covid, the number of, you know, kid that die in the rio grande or in the dessert. this is horrific policy from the biden administration. and all of the death, all of the rape, all of the slavery sits at the feet of harris and biden because it's their policy as dana mentioned that has been the pull to bring these kids to our border. and dana is right, go back to sound policy where, i mean, if you want to let people in the country, which i disagree with that, have a process in place that can bring people in that doesn't get them rape

today biden told americans, "rest assured, when you log on to netscape -- [ laughter ] and check your aolnt, jack, it'll be secure. when asked if he was surprised by the sanctions, putin said, "no, i hacked email, so on schedule last week." yep, the biden administration sanctioned six russian tech companies including their popular streaming service, nyetflix [ audience groans >> steve: nyetflix that's no -- that's great. >> jimmy: yeah, thank you, thank you. but the kremlin says any u.s. sanctions are illegal i like how the country that poisons people's underpants is like, "no, hey, no, that's not fair." yeah, the sanctions are pretty harsh, considering our past response to election interference was a letter that said "um, no biggie if you can't but could you not. [ laughter ] some more news out of washington today, congressional democrats introduced a bill to expand the supreme court from 9 to 13 justices. democrats are thinking americans have gone up four sizes in the last year, why not the court, too [ laughter ] of course, the supreme court bench only fits nine people. so if this goes

you could tell aol ---- he was proud and happy about what he pulled off. was in a dream. >> very nice. >> each appearance he got a bigger smile. >> so true. >> i also liked his caddy at the end bowing to the green. you know, giving respect to the land, the earth, the green, the terrain. pretty cool. and the fact that he's saying that not a lot of people -- this will now open the doors, more people that are asian, asian american will wear that green jacket. >> he feels very proud. >> very cool. very, very cool. congratulations. [ speaking foreign language ] remember that next time. >>> you will soon have a new way to navigate sin city 40 feet below the ground. there's a metaphor there. i'm not sure what it is. you're looking at the so-called vegas look. the mile and a half tunnel is designed to cut the walk along the corridor into a two-minute trip. users will ride in electric tesla vehicles with the goal of making them driverless one day. the nearly $53 million project was launched in 2019 by the boring company created by elon musk. back in 2018, gayle rod

and aol they are looking to exit what has been an unsuccessful bet on digital media.n. it acquired yahoo! in 2017 paying $9 billion for the pair of them. run by tim armstrong at the time it sold tumblr and huff news division a couple of suitors are looking into that. curious to see if any strategic takes a look i think yahoo! finance has some value. there is a question of what the rest of it is worth. >>> guys, we have numbers out from caterpillar we have been waiting for it. joe, you said it earlier are we going to see the huge beats we have seen so far? that is the case with cater caterpillar. adjusted earns of $2.87 a share. the street was looking for $1.94. that's a huge beat on the bottom line $11.9 billion in revenue big beat on the top and bottom line profit margins were up significantly. operating profit margin 15.3% for the first quarter compared to 13.2% from a year ago just looking through the numbers. the chairman and ceo saying that they are proud of the global team strong performance. they are encouraged by improving conditions in the end markets. and th

i need to go do myself an aol-time warner deal i need to buy myself a real company.nies are looking at what's happening in the marketplace and appreciating that their stock is pushed up beyond where it should be and looking around saying rivals of mine with great earnings and i should use that stock right now. >> unequivocally if you are a ceo of the board and your stock has done well, it aids confidence the irony, the transactions now are down relative to where they were during the height of the covid period the april to june last year. this is become a cash market again and cash and stock market. i don't disagree with you. with currencies where they are, the old adage is use it before you lose it. there is a confidence which is driving the volumes we see now at the s&p trading 22.5 times past earnings. this is a high despite the correction while there is confidence, i still think there is a reason able amount of uncertainty ceos are taking that into act as they make these decisions. >> mark, it is good to see you and get perspective. i'm waiting for gamestop to use

it got swallowed up with aol and everything else.eve we're going to be talking about coinbase a decade from now, two decades from now >> a lot of that is how good brian armstrong is, the talent he attracts, how quick he innovates. there are some amazing entrepreneurs in this space. sam bankman fried at ftx is doing things every dow dao kim in korea there's competition in every space. people see this will be an interesting place to make a career and build businesses. brian's done a pretty damn good job so far i think a lot of people are going to bet on him. time will tell he's got a -- that's an interesting story. when it was $6 billion i remember going up to tiger, i speak to lee fitzell who is one of the great private investors i thought he was overpaying at 6 billion. he said, novogratz, you don't understand this. they have the brand. i'm buying the brand he is probably celebrating today with a bottle of champaign, he should be. it was a great call on his part and tiger's investors are happy. >> mike, right now we are in a crypto s

that, you know, all this happened over what i consider to be at that time, it was their version of aol. everybody thought it was the next thing. and then when errol came and the canals were just quickly kind of regulated to smaller stuff and the railroads really take over their country. and similar to what happened with a while and the internet. we were all scrambling because the next thing was going to be aol and then the browser appeared and the internet blew up and, you know, most people don't listen to that you have mail anymore. so by december of 1836, michigan accepts the program that was book -- put forth by basically the federal government to accepted the border with ohio. it was actually their second convention where they accepted that. the earliest convention of september, they voted it down. they still didn't think it was fair that they were getting the ap and ohio was going to get toledo. and then start things started to shift because, a they were in financial straits and they realized that the federal government was getting ready to release some money, but they were only g