did it,tand why gannett but that truly isn't a premium. we are a great deal for gannett. i got it.would be a great deal for gannett shareholders. but it would not be great for our shareholders. scarlet: is there any kind of discussion with gannett? michael: i am always willing to have conversations with anyone. we've reviewed everything. right now, they want us to do this [indiscernible] gannett doesn't seem to want to go quietly into the night. do?hat do you how fast you feel like you need to prove to shareholders that, guys, we don't need gannett. michael: we have to prove that every day, but most importantly every quarter. tribune has to put in technology from the systems, content management systems, two and telogen's systems to -- intelligent systems to improve monetization. we are prepared to string quarters together, show our revenue in three different statements, something never done at tribune. we understand that. that is hard for any company that is trying to turn itself around, but also hard when you have a buyer breathing down your neck. michael: the shareholder meeting

i understand what gannett did it.trading where we are now once we get our earnings call. that was the reason for the rush on their part. we are a great deal for gannett and it would be great for their shareholders but the offer is not good for tribune shareholders and that's who i am responsible to. scarlet: has the board engaged in any discussion with gannett? >> i have always been willing to discuss anything with anyone. the bride -- the board has run into advisors and have spent a lot of time on this and reviewed everything. the board wants us to do the strategy. alix: gannett doesn't want to go quietly into the night and they don't want to let you guys go. what do you do? how fast do you need to prove to shareholders that you don't need gannett? >> you have to prove that every day but at least every quarter. we have to do this anyway. tribune has to put in technology and content management systems to improve monetization and that's how we will be judged is quarter by quarter. it takes time but we are prepared to s

i don't think the tribune -- you don't want to own tribune stock if gannett walks away. >> coming up,e with barry diller. back in a minute. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now and re

while shoving gannett away, tribune did say it's going to allow gannett to access some confidential corporateormation, but right now it doesn't look like tribune wants gannett to come in. both stocks moving lower right now. >>> we do have some interesting market moves at this hour. the dollar reversing course. it was higher earlier today, now it is lower. even though you see on your screen that currencies versus the dollar, we have a lot of red on that, when you put it into the basket, the dollar lost all the gains it had earlier. and as we get closer to the summer driving season, here's where oil settled, and this makes it the fourth straight session of losses. if you look at crude in the after market, yep, for july delivery we have it lower by about half a percent there. [laughter] about two-thirds of a percent. >>> let us get to politics. we're looking at a live picture in los angeles where bernie bernie sanders is holding a rally ahead of california's june 7th primary. bernie is not backing down. each weekend that passes he promises, as he has again, to stay in this race until the very la

gannett is worth something like $1.5 billion. that's not a huge deal.hey would have to borrow heavily to do that type of reverse, and gannett is offering cash. i don't know how tribune stays out of this deal. look at news corp.-"wall street journal" deal as an interesting template. our boss comes in there and says listen, we're going to offer you whatever it was, $75 a share. i think he offered cash, correct? >> yep. yep, i said not really knowing the answer. >> i think he did. he offered a far superior deal than they were getting. he was offering -- liz: a long time ago. >> he was offering a far superior deal. gannett is offering these guys a far superior deal than the current shareholders are getting plus offering them cash, i don't know how you turn that down and have a fiduciary responsibility to share all this. i think it's going to happen. one thing you do notice how bad newspapers are these days, that's why they need consolidation, private equity hasn't been snapping them up and spinning them out. liz: fascinating flip-flop. i have to ask you abo

he comes back and says, no, no, no, we're not entertaining efforts from gannett, we want to buy gannett. so it's confusing, which is why the bear left the compound, because the bear's just saying, are you kidding me? we'll update you on the bear. i think the bear's going to be fine. but they take their time, and that's rule one if you're going after a bear. make sure the bear is fully out before you try to retrieve. >>> all right. donald trump is having a field day with these latest developments whether you're talking terror, the economy, issues that are signature issues for him, but this tweet this morning kind of encapsulated it. crooked hillary, quoting from mr. trump's tweet, looks presidential? i don't think so. four more years of obama, and our country will never come back. isis laughs. and, by the way, he's got some wind at his polling back here that show him leading on signature issues like terror, like the economy. charlie gasparino, you're watching this and saying -- >> i love, i love the bear picture, by the way. [laughter] neil: isn't that amazing? i thought it, first of all

>> tangent. >> they merge them -- >> yeah. >> and it was gannett but -- the gannett name and we had then that was spun off. >> it only had -- >> the broadcasting of gannett but they took the letters in gannett and came up with a new word and we didn't know how to say it. it was during the storm -- >> it was last week. >> i know i was confusing with the tribune media stuff that was spun off. that was a separate -- >> oh, yeah. >> i'm going look it up. >> please do, if you could. tegna. that has a nice sound to it. too bad that name is taken. anyway. >> i have a serious question for you. given the mergers and acquisitions activity. when we talk about inversions and the different policy issues that are going on in washington, it's a macro question. what could you do from a government perspective that would actually raise gdp in america and what do you think is a realistic number you can get to? >> if you reform the tax system, and a lot of what we're seeing are the consequences of a tax system that hasn't been comprehensively reformed to see these. if you do a bit of infrastructure spendin

this thing may not exist without gannett. thank you gannett.'ll take the money. >> when we come back we'll take a closer look at that goldman call on crude that's helping it to rally this morning. also ahead live interview with comcast chairman and ceo brian roberts on a week where the networks are going to start launching their upfronts. look at the market, dow, s&p back below 50-day moving average. we're back in a minute. there's no one road out there. no one surface... no one speed... no one way of driving on each and every road. but there is one car that can conquer them all. the mercedes-benz c-class. five driving modes let you customize the steering, shift points, and suspension to fit the mood you're in... and the road you're on. the 2016 c-class. lease the c300 for $359 a month at your local mercedes-benz dealer. (man) that show.t to record (woman) now we have to wait forever to see it. (jon bon jovi) with directv, you don't. ♪ you see, we've got the power to turn back time. ♪ ♪ that show you missed, let's just go back and find. ♪ ♪ and

>> and gannett, we've been following this for quite some time. yeah, give me the old animation. when i get that. this morning tribune rejects gannett but not without a lot of back and forth and interest goings on again here. $15 a share was the renewed offer from gannett to buy tribune, almost doubling of the stock price prior to their first bid. but gannett -- tribune comes out rejects and does a separate deal with a gentleman in los angeles for $70.5 million in which he'll buy stock at $15. and gannett comes out for its part said listen despite repeated efforts regarding our $15 a share all premium offer they continued to take actions that gannett believes are designed to convey disproportionate control of the enterprise to select stockholders while ignoring duties to tribune stockholders. they know this issue of 4.7 million shares of kmet -- not capital, the name of the entity, will also be added to the board. by the way, tribune went to oak tree, its second largest holder, and oak tree said in a filing on friday, mr. farrow, the chairman came to us and asked if we would sell

gannett, owner of "usa today," wanted to expand its network.e says the offer understates its value -- in other words, not enough money. >>> and youtube could be working on a paid subscription tv service. bloomberg report the news service will be called unplugged. it would offer customers a bundle of cable channels streamed over the internet. the new service is expected to start as soon as next year. anne-marie? >> interesting option. who knows, it might work. jill wagner at the new york stock exchange, thanks a lot, jill. >>> still to come, hitching a ride with carpool karaoke. singer gwen stefani belts out hits with james corden and two huge stars provide backup in the back seat. ♪ in a world that's trying to turn you into someone new... ...one hair color wants to help you keep on being you. nice'n easy. natural-looking color... ...that even in sunlight, doesn't look like hair color... it just looks like you. nice'n easy: color as real as you are. ugh! heartburn! no one burns on my watch! try alka-seltzer heartburn reliefchews. they work fast

gannett has the balance sheet that other newspapers only dream of.paper in dallas how the pay wall is going. it's not going well. so there are good operators, there are bad operators. just like any industry, there are going to be people who have success over the next ten years. we own them. kevin can watch them. >> dad, uncle, brother? >> oldest son, i get my looks from my mother. >> such a whippersnapper. thank you so much for joining us. >> thank you so much. appreciate it. >> thank you both. >>> the warning for companies is next. >>> don't miss it, exclusive interview with andrew left, why he is now long shares of valeant, tomorrow at 12:00 p.m. eastern. >>> welcome back. former ge vice chair, my latest piece said, the higher multiple company is trading in the stock market, especially once it reaches 25 and 30. something he learned the hard way at ge during his tenure. no surprise to the two of you who lived to report through it. what does it mean for some of the companies today? we're not talking about the netflix. big established companies tradi

. >> reporter: police say this man 23 year-old william gannett of the 200 block of west fifth street responsible for what happened. they have say gannett, with a history of drug problems, was trying to steel copper pipes from the home to sell for drugs. police say's parentally tried two other homes including one that david just bought. he said he called police to report someone had cut out several pipes and electrical wires in his home, causing roughly, $2,000 in damage. that is when the officer told him what had just happened down the block. >> they said he was close to blowing up the neighborhood, but, you know, it is pretty crazy, you know, first week here and something like that happens. >> reporter: right now police say he is being charged with three counts of burglary, one count of possession of stolen property and most of all wrist risking widespread disaster and destruction. he has been remanded to a camden county jail in lieu of $10,000 bail. in runnemede new jersey police, i'm dann cuellar for channel six "action news". >>> a reading, pennsylvania police officer stand accus

last tuesday, he reportedly said he would make a bid on gannett leading many to wonder if his anti-gannettegy was more showbiz what is the reality of the tie up here? getting busto be and less likely as the days go by. the most recent element here is that tribune has sold almost 13% of its outstanding shares to a who is aes billionaire minority owner in the los angeles lakers, but more well known for his different pursuits in biotech. he is a real person, a wealthy individual. and stature to this. .t dilutes oaktree they have come up publicly and said, we want the two sides to talk. in many ways, you have to wonder, of the shareholders who want a deal done, what this latest move seems to indicate is the company itself does not really want a deal to get done. they are indicating that they do if you wanteal, so, to make us do something here, they are probably going to have to ban together. that is the story over the next few weeks here. what to the tribune shareholders do? are they able to collectively come together, put out a statement? do they threaten legal action? scarlet: who needs to b

they don't have a path here at gannett. they can try the withhold vote.s is a pretty big number by many estimates. >> a huge number. for a company that might have gone under. >> seems like it's falling on deaf ears. >> this is crazy that they're not just saying, hey, i want it. this is the opposite of energy transfer. >> energy transfer. oh, god, it's bloody. it's just bloody. >> that's like a -- >> that's like a quentin tarantino movie. >> i got to tell you this is ultimate -- that's ultimate fight club versus just regular prize fighting. >> yeah. e.t. williams ultimate fight club. or the end of "enemies of the state." remember end of "enemies of the state" where they all kill each other. >> oh, yeah, everybody. >> except will smith. he lives. i don't know who plays his character. >> dow with a 75-point gain though nike the worst performer right now. let's get to dominic chu on the floor. >> good morning. happy friday, carl. just talking about what you guys were saying a lot of these things earnings wise to focus on today for traders on a modestly higher

your comes gannett and they think they can make a business out of it.et a big number table relative to where the stock was before and then raised it to $15. that is well below the $25 week for the stock when it became public but well above the six dollars where was trading a few months ago. clearly they knew they had a compelling valuation and a compelling cost synergy story to play out as opposed to what tribune is saying which is they have revenue opportunities they think they can bring to the table that no one else has been able to do in the newspaper business. a lot of these publishing companies in general are trying to figure out how to manage the transition from analog business to a digital presence. what they're doing is training analog advertising dollars for digital pennies and that is not a good business. that results in its secular decline in circulation and advertising revenue. i don't think the market feels like there is a solution for the newspaper industry other than just battening down the hatches what the new york times has done. they h

and no more gannette tv station.hey changed the name and there is a lot of people laid-off at those local stations as well. >> i hate that. and tom sullivan? >>>>> a fount of information. >> that's where you became jon scott. >> apparently. >> and that, too. your training and you cut your teeth. i am sorry to hear about those jobs. >> and a disaster pairly averted and a helicopter almost crashing on the side of a mountain and how the pilot managed a last-minute save. november, legal troubles doing hillary clinton and what the federal judge said about her e-mail controversy. kind of like grandkids equals free tech support. oh, look at you, so great to see you! none of this works. come on in. gegiving up all the thingsan she loves to do. it should just mean, well, finding new ways to do them. right at home's professional team thoughtfully selects caregivers to provide help with personal care, housekeeping, and of course, meal preparation. oh, that smells so good. aw, and it tastes good, too. we can provide the right ca

it honors the history of gannett by having the same letters as gannett. it's a jumble. tegna.estate. the ceo of marcus, research and adviser service also join us after the break. senator rob portman, is he going to be the veep for the donald or a tough race for senate in ohio? he's from cincinnati a. good man. >>> welcome back this morning. news from the twitter sphere, twitter is shaking up its character limit. i'm very happy about this selfishly. the social media giant will stop counting photos and links towards the 140 character limit, who going up the 24 characters, it will give users a little bit of space to write some more, something the company has been experimenting with for some time now. reports earlier this year say twitter was considering raising the limit to 10,000 characters but at least i don't know how often you do this, had the picture and all of a sudden you find out you have too many characters and then you have to go back and edit the tweet down and make it even tighter. they want more people putting up links to different things, make it more useful. they c

gannett down by five cents.aking of media, trump versus the media, that was the story of the last hour, firing back at the criticism he had been receiving of the timing of his donations to veterans' groups. so he defended himself, he gave us this list of groups and everything else, and there was a marine veteran there, al baldisaro, and al talked about this. well, he took shots at the media himself. watch. >> i would never, ever in a million years put my name on a candidate that did not, from his heart, look me in the eye and tell me he's concerned about veterans. that's donald trump. you're all focused on the way he's raising money, and you're not looking at the 22 veterans that are killing each other every day. you're not concerned about the thousands of veterans that are on wait lists. look at his plan on trump's web site. he talks about medical cards, he talks about fixing the v.a., he talks about the competition. i think the liberal media -- and i've been dealing with you for a long time -- get your head ou

times sales staffers he's working on a video takeover gannette.aring this potential bid. a little head scratching about this. right now to be in is about a $418 million company well-connected -- while gannette is about a $1.8 billion company. though shares took a leg higher on these headlines. it went up by about more. of about 1.4%. definitely a spike on these headlines. we will update you when any more news and developments forget. alix: we spoke to michael ferro just a few weeks ago. no way, no how. he's like, i don't care what is happening, he will not be selling in this particular circumstance. scarlet: we asked about that. alix: thank you so much. scarlet: we have new developments on the canadian wildfires. a fire official in alberta just announcing that the threat the oilsands has diminished. it is burned around crude sites. let's go to danielle in toronto for more. tell us about the fires. what happened? danielle: obviously, there has been these massive fires. i think everybody has in the pictures of the way they devastated for mcmurray --

gannett is the only guy who knows how to make money in that business.ramento bee, how they doing? how is that chain doing? >> i know. i know. >> they were eight. >> the graveyard -- >> that was the greatest sale ever done $60 a share. oh, my god, tony ritter if he's out there somewhere he's got to be happy. >> newspapers are their own worst enemy. >> even buffett this week acknowledged, i think the quote was, we can't crack the code. >> had to put this fellow on the wall of shame, i saw buffett -- remember when they were all single, the "new york times," the daily news. >> news corp. >> this week we have enterprise wise crm hits an all-time high. >> adobe. >> yes. but western digital guidance with sandisk is disappointing. >> but the stock was up big ahead of that meeting. and i see this flash memory is all part of what's good -- go over what meg whitman did. the good stuff is flat. she does have the really good data center business that she's -- remember, too many data centers. csc and her, but think of the value in hp and what was in there. >> you mea

neil: you're right. >> gannett it is scale play i guess. the newspaper business you might as well be number one. that is how you bring in big advertising dollars. i think that is the only wray to play newspapers anymore. neil: leverage off "the los angeles times," chicago tribune, key properties. keith, very food -- good having you again. >> good to be here. neil: house republicans will hold i am etch peachment hearings -- impeachment hearings, not for the president of the united states but the head of the irs. all of them were already built in to the low price. i know that i got a better deal than i would have on my own. usaa car buying service, powered by truecar. approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come

tribune publishing is rejecting the takeover by gannett.receiving a $70.5 million capital investment from nanca capital. a warning from the u.k. treasury the says the u.k. faces a year-long recession if it leaves the european union. let's go to first word news. sherry: lawmakers in greece have cleared more loans. there are calling for higher taxes in the sale of ad loans to distressed funds. that's one of the last things greece has to do to unlock the next round of loans from the european daylight. the u.s. drone flight killed the leader of the tele-band. president obama killed -- called the killing an important milestone in the effort to bring these and posterity to that peace and prosperity to afghanistan. congress are warning there could be a shakeup at the tsa of something is not done about the long airport lines. adam says and edward royce says there may be need for management changes at the agencies. it's taking 90 minutes or more to get through security at u.s. airports. jon: bayer's deal could be the biggest deal ever for a german c

gannett also moving higher by 3%. and did omaha just freeze over?ren buffett did something he swore he would never do and that's jump feet first into major investments of two high technology names. one of them -- an internet name nonetheless. this out of this world move being made by the world's greatest investor. straight ahead on countdown when a moment turns romantic why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any

i might just buy gannett.ently, it's not helping either stock, this in the middle of this huge deal where we have bayer making a $62 billion bid for monsanto. you're just going to have to deal with it, charlie brady. former philadelphia fed president, charles plosser, on how these deals show the appetite for taking risk, taking chances and, obviously, bullish sentiment. so with that in mind, mr. plosser -- and very good to have you -- do you think that this actually improves the odds, wacky as it sounds, of a rate hike? that deals are being made, if there's anything slowing these guys down, they have a funny way of showing it? >> hi, neil, it's good to be with you again. you know, bayer or bayer, i'm not sure what it is -- neil: you're looked up to worldwide. it's bayer in my book, but you can think what you want. [laughter] >> so i think it's a fascinating deal. i suspect it's, obviously, there's lots of questions being raised if you look at the stock prices. i think you guys were talking a few minutes ago ab

and gannett statement that shareholders reject push for the transcribe uin board in june. not only topped the box office domestically but $39 million, but also came out on top in china, the animated film based on the popular game earned $29 million in china. captain america civil war fell to second and was followed by two new comers, earn 21.7 million while the nice guy pulled in 11.2 million rounding up the top 5 with the jungle book with $11 million. lauren: coming up, despite $34 million in funding the head of the tsa warn travelers to get ready for long lines still this summer. >> i think we need to increase the staff size of tsa to meet all of the demands of the growing travel population as well as potential change that is we might see as we learn more and more about what might have happened to egypt air. >> and unsettled weather once again sweeping through the upper midwest, we are going to have the forecast for you from fox meteorologist maria molina. right now you're watching fbn:am, first look at morning markets and breaking news. keep it here there's no one road

why is kennett sort of bidding -- why is gannett betting against itself? want to put pressure on the tribune executives to say let's sit down and have a dialogue, run a process and let us be part of that process to buy you. about $1.6 billion versus the $400 million than tribune. they are about four times larger. there's a lot of synergy and cost savings in their willing to pony up more than $15 a share. it's all about trying to convince the shareholders this is a great deal. a couple of weeks ago they were trading at half is so they're trying to put pressure on the management. betty: is anyone else coming to the table at all? >> no. they would probably go another dollar or two if they could sit down and do more diligence on the company. betty: why do they wanted so badly? >> the only way for newspapers to make it is to join forces and cut out i.t. and what you can get to -- get rid of when you consolidate. betty: why are they reluctant? >> they feel like they were trading at two low of price. i think there were trading around $7.50 a share. offer came in

the vast majority relied upon shifting cultivation or our gannett nutrient cycling, some manure. increasingly they turned to this. , my you get is a result final slide. this is a map of the mississippi-missouri watershed, which has become a huge source of nitrogen pollution. all of which runs downstream and a hypoxic dead zone. nothing can live in the gulf of mexico here because so much nitrogen fertilizer is being pushed into the gulf, creating huge plankton blooms, sucking all the oxygen out of the water. i will just leave you with a bat, in terms of what the end result of all of this is. last question, because we do have to end. >> what sort of long-term solutions do they have for this? can they remove nitrogen from it, whileand restore also reusing the nitrogen? my understanding, that is very difficult. it would be a very energy-intensive process. it is important to get pharmacy is nitrogen and away less likely to leech large amounts out into aquatic ecosystems. all right, thanks all, see you next time. [captions copyright national cable satellite corp. 2016] [captioning perf

scarlet: the publisher of "usa today," gannett, made an $850 million unsolicited bid for tribune publishingthe l.a. times to its portfolio. all of this comes with the overall newspaper business a fading. here in the u.s., the revenue has fallen by a third since 2005. here is the situation. prominent american papers like the "new york times" and the "washington post" are pushing digital subscription plans. the trend is not limited to the u.s. you take independent newspaper said they would stop print publications, and we see this echoed in australia. in britain specifically, a survey showed the number of u.k. consumers who would consider paying for digital content in the future is only 7%. so, here is the background. newspapers have been under assault from other providers since the age of radio. nonetheless, they grew in size and importance by classified advertising sales. the rise of craigslist hit print news especially hard. local papers have withered. the industry decline has scholars wondering if it is essential to democracy is being lost. it is because newspapers conduct import investiga

gannette increasing their bid. back in a moment. >>> welcome back.'s tim cook is in china according to officials after set backs in the company's biggest overseas market. good to see you again. >> thank you. tim cook got a closer look at what his $1 billion paid for. he and the president of didi took a quick ride to one of apple's main stores in downtown beijing. didi is a car app company that apple invested a billion dollars in last week. it has 300 million users. today tim cook joked now it has 301 million users. he posted his experience on social media on his own account and some of his postings were the most popular today. now of the once he and didi ended up at the store, they held a round table with app developers. he was talking about how important china's app developers are to apple. he was saying the government's role has been crucial in the development of the internet. his visit has been widely expected here because of the fact that apple has been facing so many challenges including a clamp down by government regulators of the itunes and ib

gannett will decide after the company's annual shareholder meeting which is on june 2nd.icole: facebook says it is not bias against conservative but that would make changes anyhow. a recent charged of disclosing conservative topics. internal investigation founds no evidence of political bias, the company said it would still make some changes and intend today minimize the risk of improper actions or unintentional buyers. lauren: going out of business sale for sports authory. plan to close all of its store and will again this week. sports authorities is expect today start by friday and finish by the end of august, the chain with 450 stores filed chapter 11 bankruptcy, were not success, traditional restalers just like sports authority has been hurt by online retailers, going out of business sales, don't always get you the deepest discounts. nicole: coming up. the great american cheese crisis. >> that has to do with the demands of 2014 that raised production of milk across the country and what we are seeing are tax that is are hitting them. nicole: we will tell you why americ

we're on gannett.he chip maker which is thought to be a supplier for the iphone is also -- >> kor vqorvo all over the plac. there we are. 20th century fox. beat stuff. down 1.5% in the pre market. kraft heinz topped estimates as cost for raw materials including dairy and coffee fell. the maker says demand rose. realizing cost savings from the merger faster than expected and up very nicely. >> other stocks. fitbit first quarter profit falling 77%. costs nearly tripled. but sales surged and they are raising outlook. their second quarter earnings forecast came in well short of analysts estimates the stock clobbered down 13%. >> whole foods kept costs under control and also cut prices. cutting its full year outlook. investors though seem pleased with the results. that stock had been pretty much hammered all last year. iac interaction. the internet conglomerate says it continues to seek deal making opportunities for home advisor business review site and vimeo video streaming service. >> still to come legend

for the new deal is a 55% premium tothere is a pr battle for tribune advertising from gannett.he new bid is almost twice what tribune was trading for before the first offer was made. tribune publishes a number of newspapers. resume between verizon's and union representing 35,000 striking employees. workers walked off the job more than a month ago. get say verizon wants to rid of pensions. they say these issues need to be discussed. that is your bloomberg business flash. turning our attention to platinum, shares have risen for the most in 12 months after the company says it was cash positive in the first half of the year. platinum has climbed about 18% this year following a precious metal rally in a short all in supply. johnson with an interview this morning. >> we are focusing on the things week control and therefore we continue to cut our costs and want to make sure we position this business in the best theible way so that if prices increase, we are only increasing our liquidity and and value tor cash shareholders so it's important we increase the cost-cutting program. what we

gannett shares not much changed.ne of the few deals done during the turmoil within energy, range it inces to grind to buy the $3.3 billion all stock deal. .75 a share is where decided. they're using more valuable currency to acquire this company. range resources getting additional properties in northern louisiana as part of this deal. becauseooking at this they have agreed to buy the lifting gear business for $1.3 billion. shares are doing well today and this paves or clears the way for zoom line of china to buy the rest of it aside from the lifting gear business. matt: thanks very much. julie hyman with your look at the markets. still ahead, we are staying on him and a -- m&a. pfizer is back with a new multibillion-dollar purchase. details after the break. ♪ betty: there has been plenty of m&a action this morning. pfizer agreeing to buy anacor pharmaceuticals for $5.2 billion. it is walking away from the $160 billion takeover of allegan. joining us now is cynthia. is this what is to come from pfizer, smaller acquisi

he got out of gannett,ing at the that, mentor graphics and hologic.t's notable that he didn't actually buy into any new companies during the company. >>> let's get on to pershing square upping its stake in the restaurant brands during the first quarter. and also increased its holding in valeant and cut its stake in mondelez. >>> and speaking at a forum in hong kong, the head of the world's largest asset manager said 3 it transforms it must easily exit from a services driven economy. saying that a recent explosion is not the correct way to reorientate the economy. >>> and foreigners bought treasury for the second straight month in march. overseas investors purchasing $23.6 billion in u.s. treasury debt in month of march alone. at the end of the month, the yield on a ten-year treasury declined as low as 176 which isn't too far off from where it is now. there is increasing demands for u.s. treasury. the demands is high. and we're still in the 1.70s. >> 1.7% on the u.s. 0.115 on the german. absolutely -- continues to correct me that one. >> not all mispro

it's rejecting a revised $15 a share takeover birth from gannett. l.a. billionaire patrick shunchong has invested $75 billion in tribune. that happened over the weekend and will join the company's bored as vice chair. gannett which owns "usa today" now says it's reviewing its options. >>> she is a tv and inter net choreographer, dancer, grammy, emmy award winner. she has worked with janet jackson, tracy ullman. >> now mike pistello. >> she earned her first empy choreographing a piece about the stock exchange. >> paula abdul joins us. she's back with the new season of "so you think you can dance next generation." >> 8 to 13. >> welcome to the new york stock exchan exchange. >> so happy to be here. >> you started your career in the stock pit. >> i started my career in the pit and i've come full circle and i'm back in the pit. >> how did that original routine come about? >> well, it was a sketch for the tracy ullman show and they wanted to do it about the stock market so i just would watch the news and that's how i created the number. >> wow. >> it was my f

>>grant lodes: the choice of call the fear ran it as a possible running mate neither gannett him any traction, indiana voters is attracting crowds today but not the kind you like the disposal crews traveling trout by 17 points after trouncing him in six straight contest the fine promises accruals is on the brink of elimination. >>grant lodes: by comparison and a crew was is 132% statistically impossible and his kidneys to wanted 15 percent on the democratic side bernie sanders and hillary clinton on a statistical tie in india and he's far behind and elegance a planned summit this appeal to all of clinton's more than 500 superdelegates the numbers show something of telling us will come to march to the nomination getting a big boost from donors last month her campaign outplays bernie sanders for the first time this year sanders contribution in the bahamas they dropped and sanders the campaign in march 44 million raised and in april and again just under 26 million does a 4 percent difference. >>catherine heenan: is a credit equal to that credit is looking at a live over the embarcadero.

gannett, which publishes "usa today" and 100 other local newspapers offered $15 a share for tribune.ves are tempted to turn things around at the company rather than accepting a takeover. but they have said this morning that they are possibly willing to discuss a deal with gannett. >>> chinese e-commerce site alibaba gave people a virtual experience over the weekend. they were able to go on virtual dates in celebration of the chinese version of valentine's day. prerecorded videos for people to interact with. shoppers used an app and a virtual reality headset that you can buy to go on virtual dates with the actors. yahoo, by the way, owns 15% of alley ba. >>> back to the jacket. google has partnered with levi's to make a high-tech denim jacket that works with your smartphone. it has a built-in electronic cuff so you can do things like answer the phone with the swipe of a hand and adjust the volume of the music you're listening to. jacard is still in the development phase. there is a beta version you can sign up to test. remember like those google glasses? google hopes to start selling

monday, -- $5.2 billion deal and gannett ups its deal for tribune publishing by 22%.ion continues to push crude prices higher. goldman forecasting $50 a barrel in the coming months. ♪ david: we are just under 30 minutes from the opening bell in new york, this is bloomberg . morning. what a up, nasdaqming futures of about five points. nowhere.ind of going the ftse rolling over, a touchdown by half a percent. headline the board, a in the commodity market, wti at a november 2015 high. what you are seeing is creeping higher by about three basis points. lisa: it is a yield curve morning. it is time for the three stories that matter to markets. joining us is investment director of private assets. berkshireare talking hathaway buying shares of apple, i'm in a monday and rising oil. warren buffett, berkshire hathaway disclosed a $1 billion stake in apple, buying over 9.8 million shares. company's shares have been on the slide over growth concerns after a softening in iphones. they'll. what is your take? >> you are presuming i can think like warren buffy -- warren buffett.

largest newspaper company in the u.s., gannett closing slightly over 2%, it owns "usa today," and ownsbout 12% of the u.s. newspaper market, it made $815 million bid for tribune publishing which also closed higher. fourth largest owner in the u.s. >> one of our gifts last week -- guests last week warned of a bill he said could have turned delaware with a sanctuary state, since our conversation, that bill has been pulled, the senator who made that decision is with mee tme to talk about it to coordinate every aspect of their care. the care manager is making sure everything is flowing well so the patient can continue to get their treatment. we are the link between the patient and the doctor. the care manager coordinates all of the patient's appointments, scans, chemotherapy... we can do paperwork or contact their employers or set them up with home health. that's what brings most people into nursing; you get to connect with people. that's what i love about being a care manager. meet the care managers at ctca. my name is collette... lindsey jodi stacy our nurse care managers are with you ev

police arrested william gannett. officers responded to the 300 block of north reid avenue this morning after neighbors smelled natural gas. they realized it was coming from a home that had been ransack with his gas lines torn out. >> i smelled the odor of like maybe bad eggs, rotten eggs, and then i came in the house to check my own house and i came outside and to see some of the neighbors outside, doing the same thing, smell it. >> investigators say man hit at least two other homes in the neighborhood. he is currently in jail unable to post gale. >>> we have breaking news, where we're following, of course what happened yesterday with this plain. well, we have just learned that the missing egypt plane state tv reports that the egyptian military has fun parts of the debris of the missing plane 180 miles north of alexandria, egypt. jet liner was fly from par toys cairo yesterday with 66 people on board when it veered in flight and then crash in the mediterranean sea. egyptian and russian officials said it may have been

and tribune shares dropping after rejecting gannett's offer. you can see tribune down nearly 16%. >>> top tech fund looking for china to boost its portfolio in the second half of the year. brett singerland will join us next. >>> the growing influence of snapchat. the company has two million daily views more than facebook. bob peck will join us. >>> and the ceo of interactive brokers on the changing landscape of the brokerage industry and impact of financial regulation. a fair price, quality service, and that horrible smells are really good at hiding. oh, boy. there it is. ♪ ohh. ooh. [ gags ] so when you need a house cleaner or an exterminator, we can help you get the job done right, guaranteed. get started today at angie's list, because your home is where our heart is. ♪ >>> tech stocks hit hard at the start of the year and with that volatility our next guest sought a new strategy, increasing positions in higher growth cloud computing chinese internet names and m & a driven semiconductor stocks while de-emphasizing legacy tech. joining us from

given to the gannett newspapers for a project called "the road to integration" the project generated a negro. if you are a woman, doors open to you that remain closed to your husband or your brother. your children present a special problem. in addition to washing, mending, cooking and healing little hurts, sometimes early in their lives, you must explain the taunts of johnny whiteboy. could you explain that there's nothing wrong with being black? will they believe you instead of johnny? you fight back tears and maybe anger because you know there's no way to protect them. you pray somehow your strength will be transmitted to them. after a few years of reporting, shirley scott moved to new haven, where she worked for an anti-poverty agency. she ran for mayor in 1975, and lost. she died in 1977. we do not know to what extent she took pride in being, we think, the first african-american journalist to contribute to a project that won a pulitzer prize. let it be known that at least for tonight she is well remembered. [ applause ] >> the tradition of powerful african-american women authors

gannett increasing its cash offer, 15 bucks a share, owns the chicago tribune, the los angeles times,d host of other newspapers. controversy at a california news station -- wait for it. a female meteorologist was given a shirt and told to cover up while on the air. >> you want me to put this on? >> what? >> we're getting a lot of e-mails. >> i look like a librarian no n. stuart: we didn't see much of her -- >> why not until wait until the commercial break? ashley: because kt la has a loosy-goosy -- liz: people got mad at it. the viewers got mad that they gave her a sweater on the air stuart: let's hear from keest on. >> i think it's ridiculous. she looks great and this reporter was covering a story on the beach and wearing two different bikinis asking people for massages. so it's a little bit of a hypocrisy, handed to her by her colleague, not her boss. who made the decision after just a couple of e-mails. stuart: he said e-mails came in. you respond to e-mails like that? i don't think so. ashley: they love this constant, you know, viewer interaction, creating a bit of controversy, pu