some possible buyers, verizon, dan gilbert, founder of quicken loans, he had an offer that's back by warren buffet. yahoo has struck told keep up with google and facebookment and netflix has new bing scale that tracks which shows are the most bing watched. shows like sense eight and bbc america's orphan black, are actually watched more quickly than shows as complex narratives, like house of cards, and narco. >> both shows i'm kind of obsessed with. i thought of house of cards, though. >> i have orange is the new black. >> i can't get into narcos because of the subtitles. >> that's the problem with it, you can't look away. >> ya, that's a problem, but good show, worth it, though. >> i have add. i like to watch and do stuff at the same time. >> worth it, give it a try, though. >> okay, thanks, jill. have a good weekend. >> well, in other more serious news, a teenage letter spends 25 to 80 years in prison for murdering a man who is out walking his dog. last march 51 year old james stillman was shot to death in overbrook. police say to find hamilton was 15 when he pulled the trigger. inv

he sold the franchise to dan gilbert. shery: what do we know about his background?hat size often does not come onto the market. this is lebron's team. a high-profile international deal. we don't know who is lined up. the price is one herzig $2 million. that's $160 million. shery: how will that affect the team? shery: they don't care -- >> they don't care. there's no governance and you get no control. when the valuations of these clubs were much lower, it makes sense to make million-dollar investments -- you are talking one herzig $2 million except --t's $160 million except you are talking $150 million for nothing. sponsorship goes up, season-ticket renewals go up, prices go up, you state at the max with national appearances. winning makes the team more valuable to advertisers. shery: thank you so much. up on "bloomberg markets splittingn airlines the order for on-air wi-fi. ♪ shery: this is "bloomberg markets." let's head to the markets desk where we are looking at stocks moving after some analyst action. my: dear is getting a little bump now because goldman sachs r

dan gilbert, lest we forget. does either have an edge going into this?> verizon should have the edge none of the private equity firms have synergy. almost by definition, they are turnaround candidates. would be replicating the aol purchase with yahoo! it seems to me verizon not only has the resources but also the synergy capability to offer the highest price. thank you. covering this story very closely. ahead, shares of facebook up 10% this year. we will explore that next. ♪ david: the dow is down .4%. the s&p 500 is down one third of 1%. is down really struggling this afternoon. policymakers meet the federal reserve and washington, d.c. following her decision on interest rates tomorrow and washington, d.c. will also have live coverage on bloomberg radio and available at bloomberg.com. imap on bloomberg here. just the sectors changing. financials are down 1.5%. , telecom is the leader here, the event brings together leaders of the world to business. bill clinton was asked what can be done to get economic growth going. >> we had flat wages declining incom

dan gilbert, owner of the cleveland cavaliers and -- are toh to say -- are each said have $5 billion in google's core business. made anis said to have offer between 3.5 through $4 billion. companiesication expected to get a chance at yahoo! sales process. acquisition proposal from buyer has been rejected, offering the same price it did back in may. a higher offer, according to people familiar with the matter. the world's largest seed supplier and its debt at $62 million. that offer was rejected on may 24 and financially inadequate. >> a world wind day for dr. media. media.gawker according to a person familiar with the matter -- other bidders can offer a higher price for their media brands, which will be sold in a bankruptcy court. the gossip website told a florida judge it could not afford to pay 100 $40 million jury award to hulk hogan for posting his sex tape online. alix: the issue with u.s. imports. we'll imports are half a point last on the year versus year. gdp demand is actually growing. in theory the demand is growing and imports should also be increasing. and formeror fellow

verizon, at&t and quicken loans founder dan gilbert are also in the running.inning bidder could be chosen next month. now, to the final frontier. it is becoming routine for elon to land a rocket on a barge in the middle of the ocean. the next test is wednesday. this is to slash because when millions of dollars and unlike our access for others to follow in his direction. another space start up for the planet to is trying to do for the satellite business was spacex is doing for rockets. they are trying to track things like illegal deforestation or the growth of refugee camps. both linux and lannett are backed by legendary investors steve jarvis in the very good friend of elon musk. he joins is now here. thank you so much for coming to the conference, steve. it sounds really cool, but tell me to business piece. how does this company make money over the long term? >> when you can scan the entire planet every day and see every part, every day, there is a lot of customers that would pay for the imagery, largely the agricultural sector, national services. they want t

to celebrate owner dan gilbert to the party is not stopping there plans set for a victory parade wednesdaytown clevelan cleveland. i should not sound so glee full because my parents you know live in the bay area and they're not happy today. >> i'm sure they're not. but you know got to be happy for cleveland there. >> yeah. >> well. >> let's hope the weather is good for them on wednesday and meanwhile it's pretty sunny out. there same boat fwheer now. >> we're hoping for --. >> look at that. >> i love it. >> glorious. >> rooftop pool. >> that's living. >> that's where you got to be on the first dave summer and yeah city life. that is awesome. what a great view. >> why are we sgleer i know really. that's for sure. >> can i say i'm happy for cleveland, too, i grew up 90 miles east of cleveland that was our city in erie pennsylvania and they deserve it and that was wonderful. tony says there was no super bowl in 64 right top. >> right. >> nfl champion. cleveland waited for a long time for a win. we got that. summer solstice beginning 6:34 as we talked about and basically you get 1 4 hours and

is said to have seen verizon, at&t, and quicken loans founder dan gilbert joined by three others. yahoos core internet business. most of them value yahoo! at between $4 billion in $6 billion but verizon bid is lower because it does not include patents and property. volkswagen may sell assets as it tries to navigate its way out of the emissions scandal. planning tois combine the components of different brands and boost efficiency. they face aliens of dollars in fines -- they face millions of dollars in fines. vw may make an announcement as early as tomorrow. that is the bloomberg business flash. francine: as we speak we are seeing live pictures from westminster where billionaire philip green is being question about that collapse of bhs. let's have a listen. >> at what point did it become clear to you that it was not going to be the excess that you had hoped? discussionafter the when it came into arcadia and we injected into the space, started to inject some of the arcadia brands the trade inside the space looked like that could possibly be a changing format for the business, and he

dan gilbert made this all happen. he went back to lebron and agreed on lebron's terms for him to come back to play ball. >> that's amazing. the consensus is when the team wins 73 or 74 games or whatever. >> forget it. nobody can stop him, right? >> i had to hear from harwood. in the prompter, it said a commanding lead 2-0 or 3-1, a twitter person wrote in, four points is not a commanding lead. he had to write, four points is not a commanding lead. i said, you have to talk to someone. >> 3-1, no one has done it before. >> pretty amazing. >> it doesn't mean it was not commanding. >> it was not clear in the last ten minutes who was going to win. >>> this was bizarre, another champion was crowned on the course on sunday, on the golf course. this is great, great to see dustin johnson winning his first major with a three-shot victory at the u.s. open. he finished with a birdie on the final hole to end the tournament at 4 under. >> it was 5 under until -- >> it was 5 under and they made him play under a cloud. someone tells

some possible buyers include verizon and quicken loans founder dan gilbert, whose offer is backed byar were buffett. they have struggled to keep up with google and facebook. >> walgreens announced their ending their partnership with a company. all theranos clinics inside walgreens stores will be be shut down. they have been facing a challenge everyone since theranos's blood testing techniques came into question. >> let's head out to san jose, heading into the downtown area, northbound 101, starting to get a little crowded out there. as you can see from this live picture. southbound 101, though, still looks okay. there is a high wind advisory. different story out of tracy. it has been a rough ride this morning on 205, and it's actually because of a wreck near the merge, approaching grant line road. it's still there, but it's on the right-hand shoulder. it's just all of that lookers causing the program. and then we start to see things loose been up again. no delay -- well, maybe a few break lights on the centers there, pushing haciida, but nothing too unusual. you can always use mass t

verizon and quicken loans founder dan gilbert.ost offers valued it at between -- $4lion and $6 billion billion and $6 billion. gawker media is hoping to wrap sale with an opening bid of $90 million rum jeff raises which has agreed to keep on the founder as a consultant if it wins. intoompany was driven bankruptcy after losing a $130 million invasion of privacy lawsuit to rest were hulk hogan. providing someis details about the winner of his charity lunch auction. the winning bid is from a woman. she will get to bring guests to dine with buffett in new york. the annual auction raised $20 million for a homeless charity. boom -- that is the bloomberg business flash will stop -- business flash. "what'd you miss?" renting a home in silicon valley is five times more expensive than it was five years ago. our guest says rent control would not address the problem, which is lack of supply. joe: thank you for joining us. rents have exploded in the bay area due to limited supply for you say rent control won't really do anything to address the

we know that the quicken loans to other dan gilbert and at&t at each bid about $5 billion for yahoo!'core business patents and real estate assets. this is according to people familiar with the matter. verizon has offered between three and a half dollars that $3.5 billion and $4 billion, but verizon is said to be interested in also buying yahoo!'s other assets, but have been told the company wishes to sell them separately. verizon will have a chance to match or top any offer. we know the private equity firm tpg is still involved in bidding and yahoo! has received more than 10 bids. we will bring the latest as details emerge. another story we're watching, the most popular mobile messaging service in japan hopes to raise $1 billion in ipo next month, putting them on track to become the year's biggest market debut for a tech company. they will sell shares and u.s. -- in the u.s. and japan at a valuation of about $5.5 billion. coming up, a big win for hulk hogan and his legal nemesis gawker is filing for bankruptcy. but it is not necessarily the end of the line for the empire. we will disc

that verizon bid is very interesting and obviously fits well in, and then obviously the bid from dan gilbertuicken loans make ss a lot of sense to me, because those are two operating companies and a lot of ability to do with the yahoo! assets. i don't understand the private equity ones, and the miblging one to take too much cost to run, and cutting costs, and it does not seem like that to me is the one that bodes well for yahoo! going forward, but we will see. and whoever, and obvious willy, whoever has the best deal will get the company, and in operating company would do better here in my mind. >> and next, kara, the passing of a venture capitalist who some consider the founding fathers of silicon valley, tom perkins, and someone that you knew. >> are yes. >> and at this point, what is the legacy, and he was publicly controversial towards the the end of his life. what is your take? >> well, you know, the last part of his life unfortunately was tarnished by that statement about chrrystal nazi, and let'se clear it was a terrible thing to say, and it is still, he started one of the first compa

some possible buyers include verizon and quicken loans founder dan gilbert who is -- whose offer is backedrren buffet. yahoo struggled to keep up with google and facebook. >>> still ahead, meet our pet of the week. there she is. and find out how to help make roslyn part of your family and we will tell you where to go to help other dogs and cats in need of a home. ,,,, okay, ready? whoa! [ explosion ] nothing should get in the way of the things you love. ♪ get america's fastest internet. only from xfinity. >>> today's top is red plums. pretty soup this will be dozens of varieties. soon there is going to be dozens of varieties. they are all good. the beginning of the summertime is red plumbs. selection and -- plums selection and storms is important. dark red all the way around with a slight give to the touch and free from shriveling and a little shiny is good and heavy for the size. bring them home and store them on the counter. very important. now if you are in the season more varieties will show up. when i see plums in the market, it's telling me like a lot of the summer fruit, summertime

possible buyers, verizon and also dan gilbert who is the founder of quicken loans whose offer is backedy warren buffett. yahoo has struggled to keep up with google and facebook. >>> speaking of which, google cofounder larry page is reportedly investing $100 million of his own money into two flying car startiums. that's according to bloomberg business. one company filed a patent for a plane that takes off vertically stop. >>> millions of twitter users names and passwords appear for sale on the dark web. twitter says its systems were not breached. the most popular password, 123456. followed by 123-45-6789 and the word password. that's the best we have. >> i can't believe there's still a popular password. would you think people would learn. i guess not. >>> jill, it's the weekend. and some of us may be getting ready to plant themselves on the couch to watch the show "game of thrones." i'm not sure yet. we hear not all are created equal. >> that's right. netflix has a new binge scale. it tracks which shows are the most binge watched. shows like sense, 8 and the bbc america's orphan black ar

i also want to thank dan gilbert. he is the owner of the team.e's the guy that worked hard to get the team back together, to get the band back together. i'm sure bringing together kyrie irving and kevin love and tristan thompson and certainly the king lebron james, it's not easy to bring all those players together and to make it all work and jell. but gilbert believed. gilbert believes in cleveland. he is a detroit guy but he believes in cleveland. he has made a big investment in cleveland and the community and economic development there and certainly what the cavs did assist in that. ultimately this is a celebration, not just because they won the finals but because of the way they did it. a tough season, switched coaches in midstream, had some injuries back and forth. they did it the hard way, through perseverance, determination, hard work. i'm proud of cleveland. senator brown and i are proud to have this resolution before the senate today. we're glad that it passed with unanimous consent. that doesn't happen with everything in the u.s. congres

according to people familiar the -- they- finalists are are joined by at&t, verizon, and dan gilbert.ange up to 16 -- range up to $6 billion. vw's ceo is trying to bring europe's largest carmaker out of the emissions cheating scandal. among the assets that could be sold, the motorcycle brand ducati. -- disney's new resort says construction has begun to make attractions in the shanghai park bigger. it cost $5.5 billion and is disney's largest business investment ever. francine: this is what we're watching for the rest of the week. today the fomc will release its rate decision at 2:00 p.m. new york time followed by a news conference from chair janet yellen. we get decisions from the bank of england, bank of japan, and swiss national bank. on friday, mario draghi speaks in munich at 11:00 eastern time. talked a little bit about the risks, about brexit, the u.s. election, how the swiss national bank has maybe the toughest job in trying to protect itself. i brought in a yen chart. this is the forecast. we do not believe the forecast anymore. it is the other way. as more risk comes on the t

other suiters include verizon, at&t, quicken loans founder dan gilbert and a partner between sycamore partners and venture capital, all of this according to bloomberging kelly. >>> in venezuela, the situation goes from bad to worse. opec oil is declining sharply. michelle caruso cabrera joins us now. 2.37 million barrels. that's a decline of 21 thousand they were producing in december. lack of investment, parts, workers, has led some experts to predict that their production will be down by half a million barrel as day by the end of the year. they've been in talks with china to get a grace period. that's according to reuters. to say that venezuela desperately needs money from royal sails would be an understatement. look at this. it shows people storming and looting a bacary in caracas because flour and rice are short. crowds changt, we want food. thronging super markets on a sadie basis. more than ten incidents of looting are occurring daily. venezuela's political opposition is pursuing a recall referendum while he accuses the opponents of deliberately stirring up the trouble and seeki

dan gilbert apologized for the letter he wrote and all back together and we won a championship.last night, just being downtown and i probably high fived half a million of my closest friends. it was one of the scenes and didn't matter your age or race. everyone's hugging and high fiving. fantastic. and we're no longer the mistake by the lake. we are believe-land. >> you know, i was looking back and the last time, you know, it was the browns winning the super bowl last time you guys had the big win. lyndon johnson was president and beatles invaded america. you know, i know you were in the party in the streets last night. we are looking at some of your pictures. tell me what that was like. >> it was -- i mean, we have been waiting for this our whole lives. when the final buzzer sounded, you heard a joyous eruption of half a million people celebrating. i saw grown people crying in the streets. i mean, i -- this is the first time i haven't cried in 24 hours. everyone was just embracing and hugging and it was just so awesome to see the entire city celebrate together and wait 52 years

they're joined by at&t, verizon and quicken loans dan gilbert.n is planning to merge component units to save costs and may sell off non-corps assets. v.w. c.e.o. is trying to bring europe's largest car maker out of that. emissions testing scandals among the assets that could be sold to ducatti. disney's new shanghai theme park doesn't even have its official grand opening till tomorrow and already, the company's expanding their resort. disney c.e.o. bob iger says construction has begun to large some attractions in the park. -the-it costs $5.5 billion and it is disney's largest investment ever. david? david: thank you. denied again. msci, the world's largest indexing firm delayed the china's inclusion shares for a third time. scarlet fu sat down with the founder yesterday and what he says about the snub. >> we don't feel vindicated on a cision by some index setting board about including china. first of all, i should mention although we have been short china since the end of 2009, the one thing we've never been short is the ashare market. david: joi

they reportedly offered in $5 billion for the sunnyvale based company, matching an offer by dan gilberthe cleveland cavaliers. the company could choose to sell it patents and it's real estate holdings separately. final bidding round, which will be binding, is expected to end in july. >>> and twitter is pushing back against claims that tens of millions of account pass words were stolen and being sold on- line. a security firm called leaked source claimed 32 million twitter accounts have been breached, but twitter said it's own systems have not been compromised, and the information it was for sale on the so-called dark web, hackers could have lifted the information from web blousier software. experts say it's a good idea to change your pass words often and not use the same ones for more than one account. >> it's a good idea, it's just so hard to remember them. >> yeah, there's an app, actually, for pass words. >> stay with us. we're going to talk about a happy reunion coming up. it's the next step in a bizarre case that has a boy reunited west his dog. that dog stolen at gun point. >> and

so of the bidders are said to be verizon, at&t, google an microsoft and cleveland cavaliers dan gilbertding from 3 to 5 billion. $8 billion core value on yahoo, $40 per share, as far as marissa mayer goes, tenure may be measured in months or weeks after this meeting, but we should point out yahoo recently released her golde parachute, $55 million. ria: robert gray with the latest. we will look for any headlines, you pay $7 for a bl of frosted flakes? a look at a plan for a serial cafÉ in the heart of new york city. a dog sitting the worlrecord for toppin100 balloons in 39 seconds. this jack russell terrier named 20 beat the previous world record of 41 seconds set by the dog's mother, anastasia. maria: kellogg's plans to open a cereal bar in times square featuring all yo favorite breakfas kellogg's is the latest to use the retail experience to boost sales of its multiple brands including frosted flakes, many weeds, i want to bring in professor of food and marketing at st. jose university john standen, good to see you, thanks for joining us. do you think this will resonate in actl retail

and dan gilbert's courtside ventures was among them.s he have some plan to use this as the cavs games or is there something broader happening. >> yes that is one of our customers. cavaliers is playing our tones over their speaker systems and triggering different messaging but also signaling different messaging. today it would be limited to connectivity and you understand how hard it can be to connect. >> in a big stadium and there are a lot of people trying to use the wireless. >> exactly. we're giving completely offline messaging capability. and that is the magic. >> -- crowded out. >> exactly. exactly. we have an -- in the coming months we are also going to be able to enable nc ordering without connecting to wifi. >> what does that mean? >> basically you are going to be able to sit at a seat at the game, pick a couple of items, say order. it is going to match the tone. >> and they bring your beer and hot dog. >> exactly. and it will be in airplane mode. >> i try and wonder is this something that other people could break into? do you h

after the triple crown was finally -- >> especially considering what dan gilbert did to bring lebronpossible. they were down 3-1. they were given up for dead. and then their best player, who came back two years ago to cleveland -- >> after such an acrimonious departure. >> to bring one championship to cleveland. not two, three, four. one championship, pulls that off. >> can you talk golf at all? >> sure. >> so did you watch any -- it was hard to watch yesterday obviously. >> there wasn't a whole lot of it. >> enough to see the par 3s are 340 yards. no, they're not. >> the greens. >> the greens! the one jordan spieth shot where it was 20 feet away. by the time it stopped -- it was moving like a snail and got to like three -- the greens -- now they're wet. will they dry out? supposedly it will be a great weekend of weather. >> they'll dry out. the greens will become very, very slick and impossible all over again. >> it's hard to find a course that tests these guys anymore. this likes one. >> the open does it every year for the most part. >> oakmont, last year it was weird. no one knew

unclear still whether dan gilbert who was in the news getting involved with warren buffett, whether he'sll bidding or whether other bidders are still in the mix. but that is the latest on that. on the yahoo! auction, if will you. apparently, by the way, there were presentations that was made about a month ago, and they did not go well in terms of showing how fast the business has declined. >> it's a scary thing. >>> the other piece of tech news this morning, got to go to asia for this one. apple selling a 30-year u.s. dollar bond in taiwan at a yield of 4.15%. i don't know if you guys want to get in on this deal. 4.15%. apple -- >> how low -- how many? >> 30. >> thank you. >> issues in the taiwanese markets by multinationals. intel has done bond deals there. anheuser-busch. inbev looking to raise it on what it the first issue of debt in taiwan. >> you don't want that? 30 years? >> 30 years from apple. >> no way. that baby could be on the sixen generation replacement for iphone -- i mean i have no idea. 30 years? three years i have no idea what we're going to be doing. >> you means just i

. >> real quick your name made some headlines recently because you hooked one the dan gilbert. >> i didn'took up with him. i work with him. >> you work with him. i wasn't saying it in that sense. >> -- very handsome man. >> not that there's anything wrong with that. >> -- he of course bidding on yahoo with some financing support from warn buffett. another name. you use tods work at yahoo. what is the future of yahoo? do you think it can be an independent company? >> i think it is not going to be an independent company and having to be sold. there is so much momentum with the sale and so little momentum in hiring and so little momentum in the core business. and i've said it before. it needs a fresh start. it needs to be out of the press. i've never seen a company with such a small market cap get so much coverage. look it is an enormous asset. but it right now it needs a focus of what is it going to be five years from now? the internet still can benefit from a large front door. there isn't one really. we've moved to the app kmurnt. messaging app, social apps and searching apps and travel app