a fanduel -- fanduel? >> it was much more of a mutual thing. it was not even just nigel and myself.rd and investors that weighed in. it is certainly a mixed bag. some people were in favor of continuing to try to pursue it. vibe on ourgeneral end is we all thought it was the best thing to eventually move on. in talking to fanduel, i don't have as much insight into the genetics of their board or shareholders. soundsing to fanduel, it like they arrived at a similar place. we talked about how this makes sense to manage. we all decided we had to continue to run the process in parallel in case some thing changed. that is why you mentioned earlier we were filing briefs and pursuing that until the last minute. it was apparent in the last week or two that both of us wanted to figure out a way out. >> i asked because you are raising money throughout the merger process. draftkings was operating as if the merger was no guarantee. you talked about your financial performance in a statement you released. what is the key driver in the change in your financial position since the merger was announced

in talking to fanduel, it sounds like they arrived at a similar place.ut how this makes sense to manage. we all decided we had to continue to run the process in parallel in case some thing changed. that is why you mentioned earlier we were filing briefs and pursuing that until the last minute. it was apparent in the last week or two that both of us wanted to figure out a way out. >> i asked because you are raising money throughout the merger process. draftkings was operating as if the merger was no guarantee. you talked about your financial performance in a statement you released. what is the key driver in the change in your financial position since the merger was announced initially? >> i think there have been two things. one is our business performance has continued to improve. we are now growing at almost 40% year over year and climbing up from the 20's last quarter. that continues to get better and better. we are expecting a really big nfl season. i think we will have enormous growth and a lot of exciting promotions and new initiatives that we will b

draftkings and fanduel have ended their plan to merge.ins said the threat of a long and expensive legal battle was a big factor in the decision. is oned that draftkings firmer financial ground than when the merger was announced in november. , for thee sun valley founder on google x. turning the flying cars into a reality. this is bloomberg. ♪ emily: twitter executive chairman claims the social media platform should not ban president trump, saying, it is good to have him talk on twitter. he spoke to bloomberg in sun valley, idaho. the average monthly users increased 6% in the first a year ago,pared to due to people following more political news. tweetsve said trump's amount to cyber bullying. we sat down with sebastian thrun, the udacity and google x founder, father of google's self driving technology. they talked about everything from higher education to his flying car aspirations of the at kitty hawk. >> you had a good year in terms of growth. we launched education programs in paris. things like deep learning, self driving cars. it is th

fantasy sports sites like fanduel would be considered games of skill and not a form of illegal gambling face a 15% tax and $15,000 annual fee. >>> happening this weekend free health screenings for the whole family. as you'll hear next there's also a musical fwtwist. >> these are supposed to transform your midsection. do they really work? hello, peco. so i'm calling to see if you can help me save on my energy bill. we can do that. great. i live in a post-war, pre-war, mid-century home and the heating system is a turbine, hvac, reverse hydrogen, boiler pipe unit. well sir, i can see that you live in a twin and based on the size, your usage has been spiking. ♪ that's exactly what i thought. if you're not an expert, peco can help. we have lots of ways to help you save energy and money. peco. the future is on. fios is not cable. we're a 100% fiber optic network. and with the new fios gigabit connection... you get our fastest internet ever. with download speeds up to 940 megs - 20 times faster than most people have. switch to fios gigabit connection with tv and phone for $79.99 a month online

. >>> and fantasy football players take notice, draftkings and fanduel pulled out of the proposed mergerthat merger because the combined company would control 90% of the market of paid fantasy sports. we'll be back with more reality news coming up. taking a live look outside from our dublin camera this >>> welcome back. 5:55 on your friday right now. we are taking a live look outside from the dublin camera this morning. it is a warm day ahead for inland areas. in the upper 80s and 90s. then, brace yourself because we could be seeing triple digit heat over the. meteorologist kari hall has the full forecast coming up in five minutes. >>> it is 5:55 this morning. a stretch of interstate 5 open after cal trans made emergency repairs to a pothole. nearly a dozen cars were damaged by the pothole in the northbound lanes of i-5 in sacramento. two-foot long slab of pavement shifted. drivers who were unlucky enough to hit the pothole say it came out of nowhere. >> i don't know what it was but it was pretty bd. >> no way to avoid it. >> cal trans said water is usually the cause of potholes undernea

their planned merger, daily sports fantasy companies drafting's and can dual are calling it -- draft fanduel calling it quits. the breakup is said to the mutual. ' ceo said that the threat of the legal battle was a factor. a turnaround could be on the cards for target. shares were up as much as 7% today after announcing sales would likely increase this quarter, reversing an earlier forecast. target also expects earnings to be better than previously predicted. that's your bloomberg business flash. scarlet: next, we take a deep dive into the bloomberg. if you have a bloomberg terminal, you will want to catch it tv . charts, graphics, all of this so you can interact with us directly. just had to tv on your bloomberg terminal. ♪ scarlet: they buy signal for tech stocks. is forg of equity rally real, because the dow industrial, the blue line, and the dow industrial average, the white line, have made waves, the first time back in march. that is a bullish sign because the thinking is moves in the company's that make the stuff we buy should be confirmed in the companies that move these prod

the ceos of draft kings and fanduel are moving forward in the best interest of customers, employees andmes one month after federal regulators sued to block it. both companies have faced regulatory challenges in several states. >>> well, a st. louis suburb has turned down the chance to lead the nation in recreational innovation? >> yeah. they were going to be trail blazers, sunset hills, missouri has rejected the notion to have the country's first stand-up water slide. you're looking at video of one of them in austria. they're apparently very popular in europe and the middle east. >> but sunset hills officials determined it would cost too much. the open-flume slide, as it's called would run at least $700,000. >> huh. instead, they were just encouraging people to get on a moving sidewalk and spray them with a hose. >> just hose them down as they go by. same effect. >> same effect. >>> all right, coming up. a family full of girls is about to add one more. >> we'll check out a dad's hilarious reaction after finding out he's having a girl for the fifth time. >>> but first, a popular tourist