the owner of okay cupid and plenty of fish, iac owns 80% of the match group.h barry diller, the chairman, about his plans. >> iac historically has been kind of an anti-conglomerate. in other words, it builds up businesses, and then it spins those businesses out so that they can be independent. so rather than a holding company like berkshire or someplace else, we basically either buy, build, invent, whatever businesses. when they get to a sufficient size where they, in a sense, deserve independence, we spin them out so that they can go on with their own independent life and not be part of some big mega-company, which is not a healthy way -- except if you're the genius of warren buffett -- to manage anything. or at least i don't think it's a good way to manage something. maria: you've done it with ticketmaster, expedia, etc. 9. >> yes, yes. maria: have you gotten any sense of what the sharehoers say, the minority shareholders, the board? what kind of response have you gotten? >> well, what they -- in a situation like this, the match, which is right now a public

maria: the chairman of iac and expedia, barry diller is here.re getting into streaming and a lot of media questions for barry diller coming up. but first, joining me to discuss the week that was and to look ahead saratoga ceo, chris overbeck, thank you so much for joining us. >> thank you. maria: you've had an increase in assets under management, your best year ever? >> best quarter ever. maria: congrats on that. what drove that? >> it was just a combination of things, you know, good credit performance, we had some equity gains in our portfolio and a lot of originations, raised a lot of equity in the stock market, so everything's in a good, healthy position x we're well positioned. we can grow our assets by another 50%. maria: and, chris, we've got a couple of items that are, obviously, going to be important to that and to investors or this week and looking at the next week. brexit is one where boris john sonthis he's got a great -- johnson thinks he's got a great deal. >> if it goes through, i think it might because there's, obviously, been a l

to iac shareholders.inate matches dual class structure. iac up a fraction to 227.03. >>> uber increasing presence in the latin american grocery delivery business by acquiring majority stake in corner shop. specifics of the deal not disclosed but its uber's continuing efforts to expand beyond the core ride share platform.fo the stock rose to 30.1 and s.a.p. ceo bill mcdermott stepping down two members from the executive board will be sharing the ceo duties. this comes as s. a p. reported a preliminary rice in revenue and cloud bookings. shares up 9.5%. >>> time for the weekly market monitor. our guest this we tn has three small cap stocks in the apparel retail sector. jay kaplan coy manager of the royce dividend value fund thanks for joining us tonight. >> you're welcome. >> and the first american f eag. this has the combination of a high dividend yield 3.6%. and the stock cut in half in the last year or so. you must love this for that reason. well as the contrarian that i am i do love stocks thahave been

to iac shareholders.iminate matches dual class structure. iac up a fraction to 227.03. >>> uber increasing presence in the lnin ameri grocery majority stake in corner shop. a specifics of the deal not disclosed but its uber's continuing efforts to expand beyond the core ride share platform. thetock rose to 30.13. and s.a.p. ceo bill mcdermott stepping down two members from the executive board be sharing the ceo duties. this comes as s. a p. reported a preliminary rice in revenue and cloud bookings. shares up 9.5%. f >>> timor the weekly market monito our guest this we can has three small cap stocks in the apparel retail sector. jay kaplan coy manager of the royce dividend value fund thafos joining us tonight. >> you're welcome. >> and the first american eagle. this hasonhe combina of a high dividend yield 3.6%. and the stock cut in t half in last year or so. you must love this for that >> well as the contrarian that i am i do love stocks that have been cut in half. but it'slso good when they have a good r

made that news, there's other news going on here at this iac conference as well it's one of the biggestrences of the year. as it's grown it's arguably the biggest conference of the year worldwide. quite a number of ceos and high-ranking officials have been taking the stage including the president and coo of spacex, gwen shotwell. here's what she had to say about working for spacex and elon musk >> elon sets out these incredibly audacious goals people say you're not going to do it. you'll never get to orbit. you'll never get a real rocket to orbit that will be falcon 9 you will never get falcon heavy to orbit you will net get falcon to station and back you will never land a rocket i love when people say we can't do it it motivates my fantastic 6,500 employees go do that thing. >> spacex achieved a number of firsts and records it's continuing development of new programs as well including its next generation superpowerful rocket called starship on that shotwell discussing development there as well and saying that the window of opportunity to get starship moving was narrow and elon sets his

do you know if you invested $1 in iac when you first joined. >> you'd have $1 today. >> if you had affet, you would have $12 if you were berkshire investor and if you were iac investor you would have $22. there you have it. >> stop. >> you can stop right now. >> we can call it a day. >> we have about 100 issues we want to talk to you about. we have the streaming wars, china, what's going on in washington with internet companies, we have what's going on with match.com. let me start with streaming for a second i don't know if you've followed what's gone on with hbo max? >> yes. >> yesterday with the big announcement and their plans i remember when we sat together about a year ago we were talking about netflix and you had a position where you thought actually that most of all of these competitors couldn't compete with netflix you saw what hbo max put out apple is now out. >> yeah. >> can this work >> the question is, what does work mean? you know, the thing is that for the last basically 100 years before the invaders from the north, meaning netflix and amazon came into the media busines

a process that involved not only the iac p but also prosecutors, community members civic leaders and religious organizations all inputs was heard, discussed and thoughtfully deliberated and this effort led to the historic bipartisan passage of the first step act. i want to thank the president for his support of law enforcement and his continued commitment to strengthening our criminaljustice system . it is now my distinct honor to introduce the strongest supporter of law enforcement that this profession has ever seen. the president of the united states , donald j trump. [music. [cheering] >> thank you. thank youpaul . you've been my friend for a long time. what a great introduction, that says it all . it says more to be president for our great police. and paul, i want to thank you for four decades of exceptional service in the line of duty. and i'm thrilled to be here at the 126 conference of the professional association of chiefs of police. joined by thousands ofamazing law enforcement officers . who defend our communities, chase down criminals and keep america safe. you don't hear

maria: the chairman of iac

tell us what it's going to look like. >> iac historically has been kind of an anti-conglomerate.dent. so rather than a holding company like berkshire or someplace else, we basically either buy, build, invent, whatever, businesses. when they get to a sufficient size, where they in a sense deserve independence, we spin them out to the shareholders so they can go on with their own independent life and not be part of some big mega company, which is not a healthy way except if you're the genius of warren buffet, to manage anything, or at least i don't think it's a good way to manage something. maria: you've done it with ticketmaster. >> we've done it with 10 times. maria: expedia, et cetera. >> yes, yes. maria: have you gotten any sense of what the shareholders say, the minority shareholders, the board, what kind of a response have you gotten? >> well, what they -- in a situation like this, the notch which is right now a public company, we own 83 or 4% of it, but notch has its own board. they will hire -- not hire -- they have, made a special committee of the independent directors, th

maria: the chairman of iac

maria: the chairman of iac

additional spinoffs >> they've done this this has been a long-term -- this is the model for iac.haway. >> it's a private equity or john malone you think of the things he's done along the way. >> both of those stocks -- >> breaking news overnight iran said one of its tankers were attacked by two missiles in the red sea. john kilduf, cnbc contributor. john, welcome. we're hess sent to say anything about what's really going on here that's why we have you can you say some really inflammatory, incendiary stuff >> i'm here for you. >> would the saudis attack iran? did iran -- did something happen that they -- i don't know, things happen, right things explode does it look like it was actually missiles from the outside? do you know anything at all about what's happening here, what's likely the real story >> i mean, there's complete disinformation about the whole incident, and i'm calling it an incident, not an attack. could be a very scared ship captain whose engine room blew up, felt like a missile, sounded like a missile so he's calling it a missile listen, the saudis swallowed their p

maria: the chairman of iac

did want to point that out. >> they were up big -- >> iac's board of directors for that transaction > earlier this week there were a bunch of positive notes about match. and optco upgraded it. there was, let's say, a sense there would be major uearnings breakout i had match on, i think a remarkable company >> right >> just one of the great growth companies of our era, tremendous number of people end up marrying and being successful, the numbers number s are algorithmic. they started thinking maybe individuals should be thinking again, but match is algorithmic. it turns out to be shocking number of people who can meet people in that forum >> so the way most people i think meet. >> how people meet now tinder, you know, tinder -- >> meet that way too >> and apparently it involves swiping. >> yes >> like if you swipe left, versus -- i don't know. >> do you know which one is the one? if you like someone, do you know which -- >> swipe right like -- >> swipe left that means you take the pats and give 14, swipe right -- >> probably best that you're not sure. >> i'm not i'm not sure i don't re

. >> all right i know we've reached out to iac for a comment on this lawsuit as well and i think we'rell awaiting a response on our end too. but i guess in terms of lessons learned from that situation, what would they be that you would share with other founders? >> i think you've got to be careful who you work with and particularly as you develop partners and investors you've got to make sure that their cultural values really match your own you know, at tinder it was really about being in service to the customer and waking up every day with a sense of purpose, where i think at our parent organization it was really about financial success and money. we just believe that when you put purpose ahead of profit, profit follows but that wasn't the sort of cultural value that we got exposed to while there. >> why a nonprofit this time around why not another tinder this is kind of like tinder for charity, i suppose, the one that you swipe whichever way on gets more money why not start a new money-making venture? >> you know, i think it's -- for me this is a personal passion. i think i've always

maria: the chairman of iac

and the end of the session, iac ally stood up. at the time i was 23, and i said, "i have attended two ivy league institutions. i have studied physics and engineering, and this is the first time i've ever been in a room where the speaker was a black woman. and i let it soak in to the thousands of people sitting behind me, until that moment i never had someone who looked like me, teaching me. ay i've athought that seeing is believing so i have built optical instruments to be ablebo to see into th. and that's why i decided to dohy biomedical engineeri d and i actual build microscopes to show how cancer spreads through the body. atstarted to see the role of the immune cells in rocess. and thinking of how i can use those immune cells to target the cancer cells in a way more effective way than just inserting ugs directly into the bloodstream. immune cells travel through our body. they have their own specialized networks. se.y go to places of d my thought here is, if they are already godig to places of ase, why not add an extra passenger

francisca: podremos disfrutar de la participaciÓn del actor guatemalteco oscar iac asÍ que vamos a verrasÓ anoche. vamos a recordar una escena clave en catalina creel y su esposo. [sonido ambiente] [sonido ambiente] >> quÉ intensa y asÍ estarÁ toda la novela. a la gente le ha parecido muy bien la participaciÓn de paz vega. asÍ que no se la pierdan esta noche por su casa de univisiÓn. carlos: ahora vÁmonos con los deportes porque ya estÁ lista mi querida lindsy. [mÚsica] >> estÁs muy lento con la camisa del actual campeÓn de europa. jesus: casi nada. alan: maÑana que juega el barça, traidora de el barça. >> y ademÁs que ha recuperado el nivel y va en su vida. jesus: como siempre. >> comenzamos con informaciÓn de la mls porque la cosa estÁ muy buena. se enfrenta zlatan ibrahimovic contra carlos vega, dos de los mejores jugadores de la liga. carlos es el mÁs goleador en la historia de la mls y se enfrentan en el clÁsico de clÁsicos que es el Único que me gusta mi. los ingredientes necesarios para que se eleven los precios con una reventa que llega... prÉstame 4000$por favor. alguien tiene

story this half an hour, netflix posting mixed results last night with sluggish subscriber growth, iacxpedia chairman last year predicted netflix would win the coming streaming wars, not changed his mind, now, new services are coming on the market every day, just one of the headlines from my exclusive interview with dillard. is everybody catching up with netflix? >> no. maria: really? >> that does not mean that what disney is doing -- bob iger made a determination that he had to have direct engagement to the consumer and the only way through to do that is streaming. it's not like his put toes in the water, both feet, both legs, body in the water and going for completely such appealing content that i think, though, do well, will they ever get netflix's size, i can't imagine. maria: even they they have marvel, fox? >> so what. i'm not saying they are not going to get subscribers but they're not going to get to the level of netflix worldwide, it's such a radical miracle that 6 years ago they invested what was thought to be obscene amount of money in house of cards, okay, 6 years ago, they