carl icahn, the biggest shareholder in hertz global says she is the right person to lead hertz.e're looking at shares moving here after hours. keep in mind, this is a company that has been under tremendous pressure this year. shares down about 50% year-to-date. disappointing earnings, plus the rising competition from ride-sharing companies like uber, melissa. >> seema mody, thank you. host of other problems that seema had said, facing her prior to this change. >> well, listen. we're going to talk about tech and the meeting with the president in just a second here. here's a great exactly of carl icahn, a guy for all intents and purposes, looks a lot like our president-elect. they're just looking at stuff -- on the wrong side of history here. so ride-sharing is going to destroy a company like hertz, doing this. if you just look at the rise -- >> how did you just weave in -- >> it's not a political comment. it's just obvious. like look what's going on here. president is calling these tech leaders -- doesn't get what they do. doesn't have a computer on his desk. >> why do we assume

spectrum uses in the 5 gig hertz band.e whether to pursue and ultimately propose sharing solutions. we're now in the process of expandinw ,! included in the -- which will be particularly used for as we considered new sharing opportunities in higher ÷úbandsú to determine which one might be good candidates for potential sharing. the analysis indicates various types of sharing may÷ú be possie in some of these bands or portions of these bands. and gives us a road map for the more detailed study thatym÷úzv e necessaryym to provide scientifically sound data. as we examine whether a ban can be repurposed. we must first fully understand how federal agencies are using the ban to meet their missions. we also need to consider the÷ú suitability of particular bands for nonfederal use, including whether there are synergys with other current or pending allocations. and we also must evalui(2 the international consideration, such as intergovernmental agreements regarding global spectrum allocations. but in all cases our objective remains t

spectrum uses in the 5 gig hertz band.ether to pursue and ultimately propose sharing solutions. we're now in the process of expandinw ,! included in the -- which will be particularly used for as we considered new sharing opportunities in higher ÷úbandsú to determine which one might be good candidates for potential sharing. the analysis indicates various types of sharing may÷ú be possie in some of these bands or portions of these bands. and gives us a road map for the more detailed study thatym÷úzv e necessaryym to provide scientifically sound data. as we examine whether a ban can be repurposed. we must first fully understand how federal agencies are using the ban to meet their missions. we also need to consider the÷ú suitability of particular bands for nonfederal use, including whether there are synergys with other current or pending allocations. and we also must evalui(2 the international consideration, such as intergovernmental agreements regarding global spectrum allocations. but in all cases our objective remains the s

hertz., any other public comment? >> my name is cory and i am a small business owner at the shell gas station at the corner of cook, and i think that the board of supervisors should come out and take a look at geary boulevard, west, and see the fact that traffic flows freely, except for maybe an hour, in bound and an hour outbound. the buses speed up and down that corridor, all day, every day, west and spending money, on a bus rapid transit is a waist of tax payer money and that is the fact, thank you. >> thank you, i see no other public comment, public comment is closed. i will just respond by saying that the significant community out reach done and many community meetings with many of you in the audience as well a lot of the staff work to produce the final eir i think has been years in the make and there has been endless delays as well. and there is no rush going on, but this is an important process that we are moving forward, thank you for the public comment. mr. stamos call the next item. >> 3, the executive direc

. >> also, if you look at hertz, they have a giant, giant fleet.nd if the prices hang in there, that is good for them. >> they seem object literally, again on the wrong side of history. when you look at the wrong side of hertz and avis and the way they acknowledgt, unless they h they get into the uber sort of business -- >> and so i want to go back to the autos, and i want to look at gm trading less than 4 in the last 12 months and that's the whole reason. the last 12 months. earnings like that to me are something that are going to be both affirmed and to me -- this is discount at a time when people priced into the end of the cycle two years ago. interesting. >> gm seems to be the well -- was your first car a gm car or something? >> it was not oh -- i'm getting set up here. do you want to know? >> yes, set it up! >> i had a porsche 914. >> >> of course you did. >> it was a volkswagen engine, a cool-looking car. by the way, that was my paper route money that made that car. >> sure. we just want to get that out there. >>> up next, karen looking at on

the last time the orange and black wouldn't cup, oj was repping the hertz.ersey same old out come if the flyers don't make the playoffs, santa you better be bringing some rum. last but not least the phils need some hitters, just like in 2008 i still get those jitters. year after their struggles make me pout i'm curious to know santa can you bring us mike trout? please. i've been good. dawn. >> you're so funny g not bad. not bad. >> in your money tonight how would you like to get your caffeine fix for free? starting today starbucks is offering free tall espresso drinks over 10 days at 1,000 of its stores around the nation. now, eight of those stores are right here in our area, but the exact locations are not known just yet. the event runs threw the first of the year and the locations change every day. star buck says check its website to fine out where. so that's the catch i guess. >>> one of the harlem globetrotters pulled off unusual feat today he scored on the floor of the stock exchange. successful making a basket globetrotters won't be in new york for lon

hertz other picture of the truck in the christmas market. some live video come took your screen. latest on scene as the police are making their way to the church there in west of berlin. one person is dead, multiple people injured as a result of this. we do not note the status of the truck driver or the motivation but a chaotic -- scene now. a crowded mark in berlin. we are aning it -- following it. >> we'll bring you the latest on that, one dade, multiple injuries. >>> intense moments caught on a motorcyclist's camera. a car out of control, and it just won't stop. we're out in learning what may have caused this. we'll be right back. >>> another update on the breaking news out of berlin and what we feared is proving to be true. there has been an attack of some kind on a christmas market. live pictures out of berlin. six minutes of the hour of 9:00 in evening. streets have been closed down. eye witnesses report the large truck that you see there has plowed into an outdoor christmas market outside on a fashionable area of berlin and prowed -- plowed into the crowd there. the witnes

let's go to 880 hertz. music lessons? chakotay: pretty soon we'll be singing duets. i'm checking to see if there's been any damage to the auditory nerves-- nothing so far. his vision checks out as well. i'm afraid the source of the trouble may be a little... deeper. the family curse. what do you mean? a cognitive disorder-- sensory tremens. the primary symptoms are visual and auditory hallucinationons. my family doctor suppressed the gene before i was even born so i never had to go through what the others did-- like my y andfather. for some reason, the gene's been switched on. i'm not certain that's why chakotay thought he was getting ready for a prizefight but it's a good bet; the holodeck boxing simulation was fresh in his memory. a few misfiring neurons did the rest. this chaotic space we've entered-- e gene? possibly. the only way to make certain would be to get the ship out of here. in the meantime, the commander will have to stay in sick bay. tuvok tells me you'veveot a mean left jab. ( chuckling ) nevevespar with a vulcan. how are you doing? ( sighs ) my grand

what can eta do to facilitate above 95 gig hertz and open it up. i think the question generally is we've had focus on millimeter wave spectrum. what about even smaller spectrum that technology will eventually get there. are there plans at ntia to put some of that out? >> well i would say that i don't see it any differently than the other bands that we've been discussing. it's a matter of collaboration and discussion in terms of how can we share as appropriate. when you get higher and higher in frequency, theoretically and technically it makes it easier to share spectrum among multiple users and potentially the systems. so i think it's a matter of discussion, collaboration and defining a path forward which we would do in collaboration with the commission industry and the agency. >> actually let me use that question to make one point that i meant to make earlier, which we talked a lot about spectrum frontiers, that was a set of rules done this summer. the fcc now has spectrum frontiers part two that's teed up an additional number of these millimeter

charles hertz. and sharp as a stick and like a dog he's always fetching. guy benson.he tells her old acquaintance to go pound sand. national review reporter cat tam. and stonehenge is his paperweight. wrestler and fox news contributor. tyr tyrus. do we have? i think we might have a another little chunk of donald from the debates. i want to ask your favorite moments. >> we have some bad hombres here and we're going to get them out. >> casual use of the -- >> wrong. >> came of a reporter -- >> wrong. >> he has consistently denied -- >> wrong. such nasty woman. >> just awfully good that someone with the temperament of donald trump is not in charge of the law in our country. >> because you would be in jail. >> charles. a lot to choose from over this year. what was your favorite part of the debates or part of the primaries in general? was there a moment that sticks out? well i mean really there wasn't a bad debate in either the primary or the general election. they were all fantastic and they were fantastic because of him. he rewrote all of the rules. probably if i had to

hertz has appointed volvo and general motors board member katherine maranello as its new ceo. she will take over at the start of 2017. at the same time the rental car company said it will reduce the size of its board. investors failed to cheer the update with shares falling in after-hours trade. >>> and google's self-driving car program will become an independent company called waymo. it signals a drive by the company to monetize the extensive research conducted during the project. alphabet shares up just shy of 1%. >>> and wells fargo failed the so-called living well test for the second time this year. regulators have found that the bank does not have a sufficient plan in place to protect markets should it go bankrupt. officials punished the lender by limiting its rights until it submits a revised plan in march. it caps a tough year for the bank which saw ceo john stumpf resign. wells fargo lower by 0.6%. >>> goldman sachs planning on naming david salomon and harvey schwartz as co-presidents. they would fill the role vacated by larry cohn. >>> this is a fun story for all you

what can eta do to facilitate sharing above 95 giga hertz and open it up. i think the question generally is we've had focus on millimeter wave spectrum. what about even smaller spectrum that technology will eventually get there. are there plans at ntia to put some of that out? >> well i would say that i don't see it any differently than the other bands that we've been discussing. it's a matter of collaboration and discussion in terms of how can we share as appropriate. when you get higher and higher in frequency, theoretically and technically it makes it easier to share spectrum among multiple users and potentially the systems. so i think it's a matter of discussion, collaboration and defining a path forward which we would do in collaboration with the commission industry and the agency. >> actually let me use that question to make one point that i meant to make earlier, which we talked a lot about spectrum frontiers, that was a set of rules done this summer. the fcc now has spectrum frontiers part two that's teed up an additional number of these millimeter

hertz., any other public comment?> my name is cory and i am a small business owner at the shell gas station at the corner of cook, and i think that the board of supervisors should come out and take a look at geary boulevard, west, and see the fact that traffic flows freely, except for maybe an hour, in bound and an hour outbound. the buses speed up and down that corridor, all day, every day, west and spending money, on a bus rapid transit is a waist of tax payer money and that is the fact, thank you. >> thank you, i see no other public comment, public comment is closed. i will just respond by saying that the significant community out reach done and many community meetings with many of you in the audience as well a lot of the staff work to produce the final eir i think has been years in the make and there has been endless delays as well. and there is no rush going on, but this is an important process that we are moving forward, thank you for the public comment. mr. stamos call the next item. >> 3, the executive directo

hertz family is her family is a classic example why why we ever want to totally curtail immigration in this country. >> host: tell something about her family's story. >> guest: her mon and dad, born in mainland china, when they were young they were dodging the japanese invasion of china. then when guy dot older there was the communist revolution. they separately managed to get out of mainland china and go to taiwan, and they had met briefly on the mainland, and my father-in-law had taken a liking to her so he searched in tie -- taiwan for two years to find her. they got heard, had three daughters can my wife, elaine is is the oldest but he was an ambitious young man himself wanted to do better. so he came to america three years by himself, worked multiple jobs, trying to get start in the shipping business. he had been a ships captain. in taiwan. he wanted to by more than that. and so he -- for three years worked multiple johns to -- jobs to get a start. he called for "late more than mother in law. they came over on a freighter. finally ended up in a small paper in queens. and he kept w

hertz., any other public comment? >> my name is cory and i am a small business owner at the shell gas station at the corner of cook, and i think that the board of supervisors should come out and take a look at geary boulevard, west, and see the fact that traffic flows freely, except for maybe an hour, in bound and an hour outbound. the buses speed up and down that corridor, all day, every day, west and spending money, on a bus rapid transit is a waist of tax payer money and that is the fact, thank you. >> thank you, i see no other public comment, public comment is closed. i will just respond by saying that the significant community out reach done and many community meetings with many of you in the audience as well a lot of the staff work to produce the final eir i think has been years in the make and there has been endless delays as well. and there is no rush going on, but this is an important process that we are moving forward, thank you for the public comment. mr. stamos call the next item. >> 3, the executive direc

hertz trading down on a management shakeup. the cl is being replaced.p saying i am excited about hertz with cathy ath the helm. the stock is down 50% this year. work.an: great federal reserve, you have not been able to say federal reserve and "certainty" with it but today's general. joining us as michael mckee, bloomberg's policy correspondent. it makes me nervous when people are so certain. pointeadline, a 25 basis rate hike, right? janet yellen said just to make up your day not to do it. [laughter] at this point, if they did not do it, it would mess up the markets. you would get a paper tantrum from that. the fed has wanted to raise rates and as they have the opportunity. it is too much not to take advantage of. they will move up to 50-75 basis point range. what investors want to know is what they will do next and when and that will be hard for the fed to explain. jonathan: typically to do that, you look at projections and the dot plot and what they expect to come through and what they expect to do. listening to the policy makers, they have done this

. >> hertz is cut in cutting and replacing its ceo. at the same time the rental car company said it will reduce the size of its board. >> the kids clothes at zara, great. >> yes. >> very, very true. >> president-elect trump getting ready to meet tech leaders today, later today . jobs will be on the agenda he made his pick for energy secretary, john perry. john harwood joins us from outside the trump tower. not far from zara. good morning to you. >> reporter: good morning. first of all, can't let it go unnoticed, he will be meeting with elon musk today. are you happy now? >> i'm thrilled. very happy. >> did your column make that happen? >> don't know. it may have helped. peter thiel's people reached out to elon musk. they worked together at pay pal, long-time friends. >> yep. >> so many interesting subplots, aside from the sorkin column in this tech industry meeting with president-elect trump. trump went after the tech industry during the campaign, criticized apple for making products overseas, criticized bezos of amazon saying he was u

hertz., any other public comment? >> my name is cory and i am a small business owner at the shell gas station at the corner of cook, and i think that the board of supervisors should come out and take a look at geary boulevard, west, and see the fact that traffic flows freely, except for maybe an hour, in bound and an hour outbound. the buses speed up and down that corridor, all day, every day, west and spending money, on a bus rapid transit is a waist of tax payer money and that is the fact, thank you. >> thank you, i see no other public comment, public comment is closed. i will just respond by saying that the significant community out reach done and many community meetings with many of you in the audience as well a lot of the staff work to produce the final eir i think has been years in the make and there has been endless delays as well. and there is no rush going on, but this is an important process that we are moving forward, thank you for the public comment. mr. stamos call the next item. >> 3, the executive direc

first person from the hertz foundation, peter whitley and nicky souter best for the tony hawk foundation are mickey and peter here or are you over there? thank you. i wasn't sure whether you would be here or there. at skateboard park is amazing and by the way a little bit of history did this with upper skateboard park in san francisco. the very first. now it is absolutely positively the very best. we've got park and rec cat anderson is a good cat, you should be up with us. >>[applause] representing the parts all lines and bayview community leaders leah kim et al. but i want to-my last thank you and this is my way of starting off your witnessed some introductions is to the trust for public land. the trust for public land- >>[applause] >> for those of you that don't know what they do, they are a national organization responsible for conserving land and revitalizing urban parks. it is their commitment to our cities, our communities the most underserved of our communities that has me totally inspired inspired by their mission are headquartered here in san francisco. so this is their favorite

first person from the hertz foundation, peter whitley and nicky souter best for the tony hawk foundationare you over there? thank you. i wasn't sure whether you would be here or there. at skateboard park is amazing and by the way a little bit of history did this with upper skateboard park in san francisco. the very first. now it is absolutely positively the very best. we've got park and rec cat anderson is a good cat, you should be up with us. >>[applause] representing the parts all lines and bayview community leaders leah kim et al. but i want to-my last thank you and this is my way of starting off your witnessed some introductions is to the trust for public land. the trust for public land- >>[applause] >> for those of you that don't know what they do, they are a national organization responsible for conserving land and revitalizing urban parks. it is their commitment to our cities, our communities the most underserved of our communities that has me totally inspired inspired by their mission are headquartered here in san francisco. so this is their favorite city. >>[laughing] the work t

hertz., any other public comment? >> my name is cory and i am a small business owner at the shell gas station at the corner of cook, and i think that the board of supervisors should come out and take a look at geary boulevard, west, and see the fact that traffic flows freely, except for maybe an hour, in bound and an hour outbound. the buses speed up and down that corridor, all day, every day, west and spending money, on a bus rapid transit is a waist of tax payer money and that is the fact, thank you. >> thank you, i see no other public comment, public comment is closed. i will just respond by saying that the significant community out reach done and many community meetings with many of you in the audience as well a lot of the staff work to produce the final eir i think has been years in the make and there has been endless delays as well. and there is no rush going on, but this is an important process that we are moving forward, thank you for the public comment. mr. stamos call the next item. >> 3, the executive direc

hertz is rising on some speculative traits. the shares appear to be reacting. jetblue is rising 7%. it's going to fall one to 2%. it is also bringing back its buyback program. vonnie: thank you. let's check in on first word news. the first shots being fired in what's likely a confirmation battle over donald trump's pick for secretary of state. he has concerns about exxon mobil ceo rex tillerson. he questioned his ties to russia. vice president elect mike pence says he is an example of the caliber of people that are joining the administration. gratefuldn't be more that someone of his proven leadership and accomplishments would step up as our next secretary of state. vonnie: -- courtney: joe manchin says he will be staying in the senate and will not take a job with donald trump. after meeting at trump tower, he said he was humbled to be considered as energy secretary. according to people familiar with the situation, that job will go to rick perry. syrian rebels say a cease-fire has been reached to evacuate civilians from aleppo. the syrian government is on the verge of sitting -- seiz

. >> hertz must have been happy.t's a lot of black suvs. >> pretty sure the secret service -- they're unbelievable. to be able to pivot on a dime lake that was tremendous. >> general mattis was introduced last night to the folks there in north carolina. the dems are already saying, hold on, we're not ready to confirm because donald trump wants a quick confirmation. what's your reaction? >> he needs that waiver. looks like the dems don't want to give him that right away. >> i think there's a lot of talk of that. we hear from democrats that they're going to give him the waiver. we're fully confident he deserves and will get the waiver. >> he has to be out in seven years. >> he's only been out, i believe, a little over three. so there needs to be a waiver. we're going to follow it. >> saying publicly, if you put this waiver in the spending bill, we're not going to sign it and therefore the government is not going to get funded. >> i don't know that the democrats are willing to shut down the government over a waiver. we'

hertz., any other public comment? >> my name is cory and i am a small business owner at the shell gas station at the corner of cook, and i think that the board of supervisors should come out and take a look at geary boulevard, west, and see the fact that traffic flows freely, except for maybe an hour, in bound and an hour outbound. the buses speed up and down that corridor, all day, every day, west and spending money, on a bus rapid transit is a waist of tax payer money and that is the fact, thank you. >> thank you, i see no other public comment, public comment is closed. i will just respond by saying that the significant community out reach done and many community meetings with many of you in the audience as well a lot of the staff work to produce the final eir i think has been years in the make and there has been endless delays as well. and there is no rush going on, but this is an important process that we are moving forward, thank you for the public comment. mr. stamos call the next item. >> 3, the executive direc

hertz says it is replacing its ceo in the business of top a run of disappointing earnings.herine maranello, was recently a senior adviser, will take over. amazon says it has made its debut drone. it dropped off a device and a bag of popcorn to a rural english countryside. they said it will deliver within 15 minutes of receiving the order online. that is the bloomberg business flash. vonnie: a bag of popcorn and what? david: a movie. a movie. vonnie: thanks. tune in at 1:00 p.m. eastern for a special program. complete coverage of janet yellen's news conference as well with an all-star lineup of guests, including rick, al, and allan. this is bloomberg. ♪ . . david: why this afternoon from bloomberg's world headquarters in new york, i'm david gura. vonnie quinn.am let's start with the headline news with courtney donohoe in the newsroom. courtney: a u.s. investigation at 2010 found michael flynn, they retired general tapped as national security advisor by donald trump inappropriately shared classified information with foreign military officers in afghanistan, according to recor

that hertz greatly. corrupt officials do not want money in local currency. we want their money in dollars. if we block that we can make major advancements. >> we're waiting on key national security nomination. i wouldn't ask you to get into any particular preferences but i wonder if you say a word how senate democrats will approach these nominations generally? i will go way out on a limb and there will be some controversy. >> there will be controversy. >> where do you think will be particular, where will senate democrats want to draw some lines? >> i'm looking forward to talk to senator corker today to see how his conversations went. first and foremost, i think i speak for all my colleagues, we want this transition to go smoothly. i think president obama has gone to extremes to make sure this is as smooth a transition that possibly can be done. we respect the votes, the election results, and we want to make sure that mr. trump comes into power as president of the united states with his team and with all of the tools he needs in order to be a successful presi

hertz., any other public comment? >> my name is cory and i am a small business owner at the shell gas station at the corner of cook, and i think that the board of supervisors should come out and take a look at geary boulevard, west, and see the fact that traffic flows freely, except for maybe an hour, in bound and an hour outbound. the buses speed up and down that corridor, all day, every day, west and spending money, on a bus rapid transit is a waist of tax payer money and that is the fact, thank you. >> thank you, i see no other public comment, public comment is closed. i will just respond by saying that the significant community out reach done and many community meetings with many of you in the audience as well a lot of the staff work to produce the final eir i think has been years in the make and there has been endless delays as well. and there is no rush going on, but this is an important process that we are moving forward, thank you for the public comment. mr. stamos call the next item. >> 3, the executive direc

first person from the hertz foundation, peter whitley and nicky souter best for the tony hawk foundationr here or are you over there? thank you. i wasn't sure whether you would be here or there. at skateboard park is amazing and by the way a little bit of history did this with upper skateboard park in san francisco. the very first. now it is absolutely positively the very best. we've got park and rec cat anderson is a good cat, you should be up with us. >>[applause] representing the parts all lines and bayview community leaders leah kim et al. but i want to-my last thank you and this is my way of starting off your witnessed some introductions is to the trust for public land. the trust for public land- >>[applause] >> for those of you that don't know what they do, they are a national organization responsible for conserving land and revitalizing urban parks. it is their commitment to our cities, our communities the most underserved of our communities that has me totally inspired inspired by their mission are headquartered here in san francisco. so this is their favorite city. >>[laughing]

hertz., any other public comment?> my name is cory and i am a small business owner at the shell gas station at the corner of cook, and i think that the board of supervisors should come out and take a look at geary boulevard, west, and see the fact that traffic flows freely, except for maybe an hour, in bound and an hour outbound. the buses speed up and down that corridor, all day, every day, west and spending money, on a bus rapid transit is a waist of tax payer money and that is the fact, thank you. >> thank you, i see no other public comment, public comment is closed. i will just respond by saying that the significant community out reach done and many community meetings with many of you in the audience as well a lot of the staff work to produce the final eir i think has been years in the make and there has been endless delays as well. and there is no rush going on, but this is an important process that we are moving forward, thank you for the public comment. mr. stamos call the next item. >> 3, the executive directo