before today gamestop shares have declined about 45% over the last year.s amid a management upheaval on friday gamestop announced that its ceo michael muller resigned abruptly after only three months on the job, within days of his appointment in february the company fired two top-ranking executives including the coo. now that leadership turnover was a key focus of tiger's letter which emphasized the lack of confidence investors have as a result now these types of letters are common among activist investors. we talk about them all the time but they're rare for the three decade old tiger management led by julian robertson. however, the firm noted they intend to remain a passive shareholder and have no intention of actually becoming an activist runner running a proxy, et cetera if gamestop fails to implement a turnaround plan they will simply sell their shares and redeploy their capital elsewhere to other opportunities. guys >> leslie, thank you for that. at hq. >>> when we return, why airlines across the globe are experiencing a pilot shortage. more on what

a representative from gamestop just wrote back to say, quote, i can confirm that gamestop did receive the letter from tiger management, llc, gamestop has a long track record of welcoming communication from all of its shareholders and values constructive input that may help increase shareholder value now, gamestop surged as much as 15% on this news premarket, but so far, it's trading about flat today. scott. >> thank you leslie picker. >> all right, chipotle has run up more than 50% thus far this year but argus research doesn't see the rally end soon itpgraded the stock to a buy price target $540. we have made it our call of the day. what do you think of this? >> stock is $200 off its low is there more room to go >> there's probably more room, but when you look at the p.e. aflt 38, even if you look on the forward, that seems lie. when we talk about a lot of the names, their competitors, but i think a lot of that is people who are excited about the new ceo. got in there in march, came from taco bell. changes the menu, changing the efficiencies of how the store is run. probably going to

gamestop looking very good today after looking very bad last week.ow looking not show great, still up 40 points. we have not seen something in four months. they will post the longest win streak since december of 2017. to the new york stock exchange and nicole. hey, are we going to jinx this? >> we better not. let's try and do it, that's what i say. let's so whether or not we close to the upside. had been up 160 points on the dow jones industrial average. so we have lost some of the momentum, let's be fair here. the russell 2000 has been in the red. when you look at market breadth, it is pretty even, we might be close to unchanged line of winners versus losers. energy stocks seeing strength. winners, united health. david: pfizer, walmart, ge. laggards, telecoms and financials under pressure, visa, travelers, johnson & johnson. caterpillar accounts for most of those wins. back to you. liz: thank you very much, nicole. rising interest rates. we've seen it with the 10-year it is at 2.99%. usually sends alarm bells through the market but our next guest sa

shery: i went to buy a gamestop trying to trade in my game station.s people like me -- i tried to return it. lisa: it is interesting because it comes to weeks ahead of them reporting earnings. during the last earnings season, i want to give the sense that wall street basically completely panned the results, saying that they are failing and you can check out the chart here. it shows how they are failing to get into those online games, where they can sell online digital kinds of tools where you can get that extra flour or two -- flower or two. obviously i am not a huge gamer. but this is interesting and gamers are increasingly turning to a digital model, rather than what they see here. shery: i get my fix on my mobile. lisa: with what? shery: candy crushed. lisa: the suppliers are actually blooming -- booming. the creators. electronic arts just reported. shery: thank you so much for that. former u.k. prime minister gordon brown is launching a $10 billion global funding plan for education. mr. brown, currently the educational envoy, says that cooperation

troubled retailer gamestop, nicole. what do you have in the story on the miss brief. >> three months stepping in as ceo of gamestop, michael smaller resigned for personal reasons. he said it was not a disagreement with the company. stepping in dan dimateo look over as interim ceo when a former ceo stepped down. he was actually cofounder of gamestop was ceo august 2008 to 2010. the stock is down 2 1/2%. three, two, one, try again. spacex is set to try again to launch the upgraded falcon rocket 4:15 p.m. eastern time at kennedy space center in florida. they attempted to launch yesterday but the computer canceled the launch with 5seconds left in the "countdown." that is not only thing on his plate. released first full plans of l.a. underground fun nil. he said they will be offered free rides if the company receives regulatory approval. up next, liz, charlie on at&t and executives suddenly out? that when the "countdown" returns. average. that means powering more devices, average. more video conferencing, and more downloads

. >> caller: market wisdom on gamestop they ran into trouble with the ceo that lasted three months but they have cofounder as the inter interim ceo. is it a buy, buy, buy. >> it is so low. i think this can bounce to 13, 14 it is mall based and people buy their video games online that is a sub optimal situation for gamestop paul in arizona. >> caller: thanks for taking my call i wanted to talk to you about axon enterprises aaxn you interviewed their ceo rick smith and they decided their future lies with selling body cams for police. and merging body camera business with their own do you feel axon will remain a good buy >> it is only a $3.7 billion company. rick smith took a contract which said he will do well if you do well i don't know how to beat that kind of contract i think that rick is real. do i want to buy it up here? well, you are not early, it is up 140%. but if it comes down a lot, then yes, the answer will be yes. i am trying to calm down and trying not to be angry and once again, people coming on and confusing italy with the united states this is what it looks like when pani

it is game over for the ceo of gamestop after just three months on the job.tepped down for personal reasons. gamestop's largest independent retailer videogames and is struggling to adapt to a world where software is often delivered online. apple has quit reporting a key data point in its quarterly reports and that is the amount of cash it holds on -- it holds overseas. it is not illegal but could make it difficult to engage whether the federal tax -- at one time apple had 250 $3 billion stockpile outside of the u.s.. are amongand alphabet the companies that do not report overseas cash holdings. giant isayment expected to close at $10 billion fund-raising round over the next 10 days. the carlyle group in the canadian pension land investment boards are among the first investors. it is controlled by the alibaba founder. that is your latest bloomberg business flash. mark: getting headlines from trump. he says he is working on emissions and other issues. he will attend a senate republican lunch on tuesday. to the auto executives, he says millions more cars should

. ♪ ♪ for the ceo ofer gamestop after just three months on the job.ruptly stepped down for personal reasons. gamestop is the largest independent retailer of video games, but is struggling to adopt to a world where more software is being delivered online. and u.s. semiconductor giant qualcomm is extending its cash tender offer to buy shares of dutch rival nxp. it is at least the 11th time qualcomm has extended the offer. about 13% of their shares have been tended so far. qualcomm is trying to win beijing's approval for the proposed deal. and spotify is taking a stance on hate content and hateful conduct. the music streaming service as it will remove music by artists that promote hate and have done things that may be morally or legally questionable. one artist removed from the platform, mark kelly, who was accused of sexual abuse, so spotify has cut ties. and coming up, we speak to storied investor and chair of planner perkins, from his start and intel to investing in the biggest companies in the world. that is coming up next. this is bloomberg. ♪ >> it

on friday gamestop announced its ceo resigned abruptly after only three months on the job.as written by crawford hawkins who highlighted investors' lack of confidence in gamestop's leadership amid this turnover these letters are rare for the three decade old tiger management the firm led by julian robertson. the firm saying they intend to remain a passive shareholder for now and had no intention of becoming an activist investor. they said if gamestop fails to implement their turnaround plan, they'll sell their shares and redeploy their capital elsewhere. guys >> thank you very much, leslie picker >>> joining forces at over a hundred event to talk structure and will be top of the agenda. joining us now, former transportation secretary ray lahood and former pennsylvania governor ed rendell. they are the co-chairs of building america's future. gentlemen, great to have you both >> morning >> good morning. >> secretary lahood, i'll start with you it seems everyone can point to various projects in their own cities and states that absolutely need to get done. what do you think is

. >>> gamestop shareholder tiger manager is urging the comny to adopt a turn around plan. they would like to see the company buy back stock, hold off on making acquisitions and instead vest some businesses. tiger said it wishes to remain a passive shareholder and it will sell shares if ad turn aro is not successful. shares roads to 1355. >>> after t bell tonight jack in the box reported a surprise in declinen same store sales. the fast food chain said earnings and revenue came up short. as you might remember, shares finished up 1% to 91.37. >> thousands of teachers in north carolina walked off their jobs today to rally in the state pitol for higher wages and better funding for education. it is just the latest in a wave of protests happening across t nation, and it comes as states try to balance theirbudget. scott cohn is in raleigh for us tonight. >> reporter: for all its s,mpetitive st north carolina falls short on education. high school test scores among the lowest in the nation. spending per pupil ranked 41st. >> if they funded per pupil what they funded for prisoners,

the ceo game over for of gamestop. the stuff down for personal reasons.truggling to adapt for more software is being delivered online. -- it is the 11th time qualcomm has extended the offer. been 13% of shares have given so far. taking a stance on hate conduct. musicay it will remove from -- on coming up we speak with john doerr. that is coming up next. this is bloomberg. >> it was a rough start for 2018 and tech. one thing all three have in common, they have early interest from longtime investors. the venture seems to have backed hundreds of thousands of jobs -- have become it is called measure what matters and have a rock the world. they join me now in the studio. welcome. this is a slideshow presentation. companies talk about it all the time like it is their religion. it is about setting objectives. >> what is so radical about this? not practice in almost every company and when amine is .ake one feature that is one thing that will set us apart. topveryone transparently, to bottom. the truth is we don't have any better way to manage the company's. every

a battle ground stop gamestop is actually unchanged right now.s down from about a 2.5% gain this morning. that was after our leslie picker reported there was more to the board suggesting the company explores strategic alternatives. why might that be necessary? wall street has basically orphaned this stock. it's down in the last 12 months. investors think it might be ripe for extinction because gaming is going online also the shares are still short. a lot of people betting against it it's one of the cheapest stocks on the market. this remains quite a battle ground the company has not had a specific response to this idea that they explore strategic alternatives this is going to remain in focus there. on a day when retail in general is bouncing nicely >> exactly mike, we'll see you in a couple. thanks very much 12 minutes to go record day for the russell 2000. we'll see what happens on the bell with that just under 1615. >> we'll get earnings from cisco and take two interactive a preview of how much they could move cinupexhe oomg nt ren "closing bel

costco, lulu lemon and gamestop report earnings, and tuesday starbucks will close its stores for racialias training. i'm demarco morgan, cbs news. growing up, we were german. we danced in a german dance group. i wore lederhosen. when i first got on ancestry i was really surprised that i wasn't finding all of these germans in my tree. i decided to have my dna tested through ancestry dna. the big surprise was we're not german at all. 52% of my dna comes from scotland and ireland. so, i traded in my lederhosen for a kilt. ancestry has many paths to discovering your story. get started for free at ancestry.com. previously treated withd platinum-based chemotherapy, including those with an abnormal alk or egfr gene who've tried an fda-approved targeted therapy, who wouldn't want a chance for another...? who'd say no to a...? who wouldn't want a chance to live longer. opdivo (nivolumab). over 40,000 patients have been prescribed opdivo immunotherapy. opdivo can cause your immune system to attack normal organs and tissues in your body and affect how they work. this may happen during or after tre

down six weeks ago, so today they named an interim ceo and cfo as well that's the story from the gamestopng after hours with a miss on top lines kelly, back to you >> eric, thank you we don't see a lot of top line misses these days on the revenue si side, mike >> it's a business in decline. the market is in permanent decline. they have the wireless stores and at&t stores, but, still, it's an amazingly cheap stock specifically right now based on what the sales and earnings have been markets saying this is not going to last. >> cheaper after the 4.5% drop after hours, trading at $12.60 let's get to workday >> kelly, workday reported strong results, but shares are down almost 4%, actually 3.5% at this moment. revenues came in at $619 million versus estimates of $609 million. eps a beat, 33 cents versus expectations of 26 creents a key metric fuelling growth is subscription revenue, also a beat 522.1 million versus 516.2 revenue, subscription revenue up 36.6% year over year, but shares are down at the moment, almost 4% there kelly, we'll dig in and see why that's the case. >> all right, paul,

gamestop ceo resigned one of the company's co-founders will serve as the interim ceo there.cretary nielsen reportedly drafted a resignation letter after president trump reportedly went after her for the slow progress on the border. she responded by saying, "the president is rightfully frustrated that existing loopholes in the lack of congressional action have prevented this administration from fully securing the border and protecting the american people i share his frustration." joining me now brandon jud border patrol union president. what's happening at the border that's got president trump so riled up? >> well, in 2017, he gave us a glimpse of what illegal immigration could be. he single hand edly with the help of nobody caused the drop to 45-year lows of illegal immigration. he expected that his surrogates would then follow-up his vision and implement the policies, the operations, and the plans, that would keep those levels down to what we saw in 2017. they didn't. you know, when secretary nielsen says that she feels his frustration, she should feel his frustration. it's