. -- crayton harrison. it is time for the bloomberg business flash. fargo will pay to settle claims. resolves annt investigation into allegations that wells fargo opened bogus feesnts charged, improper on customers. a 50% increase in salary for 2019. that is hollywood's highest-paid media mogul. he will also get another $13.5 million in stock options. signed were in americans -- and fewer americans signed auctions for home loans. the national association of realtors said today it is pending home sales to 101.4. that is your business flash update. coming up, no thanks. we have all of the details on the attempted takeover from the cannabis retailer ceo. this is bloomberg. ♪ ♪ taylor: this is bloomberg markets. i am taylor riggs. u.s. cannabis retailer green growth brand was planning a hostile takeover bid for another company. valued at $2.1 billion. the ceo told bloomberg's reporter that it should be judged on its merits by the company's shareholders. >> there been a lot of interest in mining businesses in this last february when the cold memos were res

here to discuss, we are joined by crayton harrison in new york. add theserequired to two new directors. what we know about the process, vetting, to choose these two political people. crayton: this has been going on ever since the sec settlement. andas been intense secretive. we don't know who didn't make the cut. result is youd get a mixed bag. you get someone very similar spiritually to elon musk, a .indred spirit in larry ellison then, you get somebody like kathleen wilson thompson who is a career corporate executive, many years at kellogg before she went to walgreens. she oversees thousands and thousands of employees who will bring rigor and discipline to the organization. emily: tesla's board has been criticized for having poor governance. now, larry ellison a close relationship with moscow. he has been building up a personal stake in the company. does he bring the independence the board needs? crayton: that's a great question. technically, larry ellison is independent, but he has a stake in the company. we have been talking to experts today th

for more on amazon, let's welcome in bloomberg news managing editor crayton harrison.dustry data about consumer spending, and that seemed to spark a rally not only an amazon but a lot of retail stocks. i wonder, this holiday season, can we really trust these numbers? is it too early to celebrate? >> i don't think so. even when we looked at black friday data, it was pretty good, lower than expected, but that's partially because consumer spending is sort of spread out throughout the holiday season. after thanksgiving, people a couple of days before christmas are still buying things. we are starting to see it is more even across the board, but as we have gone through recent numbers that have been consistently very good, i think that would continue. >> this is really the first holiday season where we have seen amazon have real competition online. walmart, target, big heavyweights really give a big push. >> that's exactly right. there has been a lot of money spent building infrastructure to deliver things in two days, to interface online, to make sure when people are search