jeff immelt pulled out after that.ltimately, we know the board voted unanimously for the new c.e.o., so some sort of agreement was reached. hard to know whether this was the result of a long negotiation where no one got their favored candidate or there was more support than we realized for the dark horse. emily: having worked at uber and worked with travis, knowing he was in the room when this was happening, what do you make of the choice? >> it is an exciting choice for the people that work at cooper -- uber. it will be challenging for him. the board is loyal to the founders. he has a lot of work to do ahead of him. he has to convince 15,000 employees he has the best interest at heart. that will be tough. emily: you wrote a daunting list of to do's. recruiting? >> there is a lot of rate talent at uber but a lot of junior talent. chiefeed a serious financial officer as soon as possible. probably a head of operations. there are three g.m.'s divided around the world. they had reported to jeff jones. now they report to no

why ex-ge ceo jeff immelt could take the wheel at the ride-hailing giant.e-in-a-lifetime event that unfolded right before our eyes. we have all the details from the first total solar eclipse to cross the u.s. in 99 years. first, to our lead, the growing rift between the tech industry and political establishment. since president trump took office, tech leaders and the white house have butted heads on several fronts from immigration to climate change and most recently the policy around hate speech and hate groups after the events in charlottesville, virginia. now washington has grown more critical over tech firms on practices, hiring and it could have far-reaching effects on legislation moving forward. ben brody covers lobbying and wrote about this topic. he joins us from new york, as well as michael wolf, c.e.o. and cofounder of activate, a tech and strategy consulting firm. he has served on the board of several companies including yahoo! and was formerly the president of mtv network. you start your piece by talking about google, which ones had president oba

but really, what it became was meg whitman was benchmark's candidate, jeff immelt was travis kalanick's candidate, and dara was one that they could all agree on >> kara, between a fractured board, a founder who's been troublesome, employees in turmoil, a reputation that's tough for uber right now, this is a really tough situation for dara khosrowshahi to go into compare it to yahoo or anything else you've seen in silicon valley have you ever seen a ceo coming into a job tougher than this >> no, he's got a lot of problems there's also no management, as you know a lot of people have left. there's a lot of open jobs so he's got to do a recruiting job. there's a regulatory issue there's a big lawsuit with alphabet that is very frightening to a lot of people inside of uber there is, you know, cultural problems, a toxic work culture that was reported on in the holder report. there's travis, who's also very talented, and you've got to manage him properly. there's a board that's got -- should be seeking therapy among and between each other so, it's a, welcome, dara, thanks for coming, thanks fo

reached out to travis to say i want to be your partner, i want to work with you is that the way jeff immeltn a company >> so we don't have any reporting on whatever kind of conversations immelt had directly with travis we do know immelt has talked to the board and said here's my approach you know me, i've run multi billion dollar companies through crises before so i know how to do this. i think that's what appealed to the board right now is that he can steer ships in crisis. >> but what you said hardly sounded like an endorsement. oh, we're all exhausted, let's just -- he's like last man standing it didn't sound like they embraced whatever discussions they had about whatever he's going to do. >> so the board discussions change day to day in terms of where people are heading meg whitman was top of the list for a while and i think that was something someone who a lot of board members backed but she backed off when she saw how they managed that process. >> who are the other two, mystery candidates. >> yeah. we haven't been able to nail down those names but immelt was the biggest bold-faced nam

stepping down from the white house council, ge saying that jeff immelt will remain on it. >>> and disney hiring a production superstar but is the real scandal how much money netflix has been spending lately >> and investors ignoring the politically charged headlines, putting north korea on the back burner we're going to talk more about your money as "power lunch" starts right now >>> welcome to "power lunch. i'm michelle caruso-cabrera. today's gains pushing the dow positive for the month all s&p 500 sectors, 11 of them now, are up. tech financials leading the way. energy, utilities, they are lagging. the chip space is a notable rally. nvidia, micron, advanced micro they are up. >> i'm tyler mathisen. we begin with the fallout in charlottesville. president trump speaking a few moments ago condemning the violence and specifically describing hate groups like neo-nazis, white supremacists and the kkk, quote, repugnant to everything we hold dear. this came after a member of his white house council stepped down from the group following the protest on saturday. eamon javers is at the white hou

jeff immelt seems to be the only name out there.re -- eric: there were reports that meg whitman was back in the mix. we have held our tongue there. there's a lot of confusion, the idea that they had put her out there. it seems like jeff immelt is their main candidate. there have been these other candidates purportedly still in the mix. we will see. emily: do you think labor day is a realistic deadline? will we know by then? eric: i think everybody is exhausted and would love to see a deadline met, but it requires groups of investors who don't get along to get along. hard to say whether they are going to be able to meet the deadline or not. they would love to see it met if everybody can get along. emily: i'm sure you would love to see it met, too. eric newcomer, thanks so much. the debate over u.s. tax reform is coming into focus as congress is set to reconvene. u.s. house speaker paul ryan was at an intel plant on a tax reform business tour. ryan said the current tax code is, quote, "a junker." he talked about the chances of a gover

. >>> earlier this week, re/code reported that jeff immelt was the front-runner in uber's ceo race he's very young man with a lot of great years left. born a month after i was born. >> hence the positive commentary on his age >> he's a pup basically. has so many -- decades -- >> of woushgrk ahead of him. >> one point that jim cramer made is if you're jeff immelt and willing -- not just willing but seemingly want to take the uber job d y, did you really wao retire from ge >> at that point in life it might be fun, right, to try uber >> as a second encore performance? >> what if you felt like your legacy after being at ge wasn't that great you wanted a shot at reputational redemption. >> right >> maybe you see a lot of low-hanging fruit in a company that has not been run traditionally. >> talking about reputation, if you poll investors, the investment community and ask them about what they think of jeff immelt, he polls highly despite some score cards if, will of ge stock price, he is well thought of by many. >> everybody knows the stock was trading at 50 times earnings, when it was at $60

. >>> general electric ceo jeff immelt is the frontrunner to be the uber ceo other candidates are also being considered uber has been without a ceo since kalanick stepped back following invest tore revolt jeff immelt left ge earlier this year amid criticism of the company's stock performance under his tenure >>> carl icahn has resigned from his role as adviser to president trump. this came ahead of an article which criticized him for his potential conflicts of interests as adviser particularly around regulatory reform. cnbc published an investigation into his potential conflicts due to his stake in energy dak in december icahn said he offered his resignation to, quote, avoid part is an bickering and that he never, quote, profited from my position >>> u.s. treasury secretary steve mnuchin has defended president trump's response to recent events in charlottesville, virginia as well as his own role within mr. trump's administration in a statement responding directly to a letter penned by more than 350 of his yale university classmates, mnuchin said that the president in no way shape or fo

. >> that's right, former general electric dhar man and ceo jeff immelt has become the frontrunner toe the uber new qvc. the board is likely to voten with the next two weeks. and two other executives are said to be in the running, but neither is a woman which some had hoped this news comes as he thinks its on the board had heated up in the wake of the dispute and the lawsuit between housed ceo travis kalanick and one uber's early invest informations benchmark capital immelt could have a lot to gain from taking this job being the person to rescue uber from its woes he announced in june that he was 12e7 stepping down from ge after 16 years. and while some say he lacks entrepreneurial drive, he's located on the east coast, sources say he isn't someone that can be pushed around easily, which is probably one of his best characteristics and this comes after hpe ceo meg whitman dropped out of the runs last month so one to watch. >> it is indeed. stocks to watch, barons is positive on starbucks. the stock down 18% in the past two months nowyears but barons believes that it can recoup the shar

jeff immelt and another who amazingly has not yet been leaked now the company has been without a ceoan two months now, and while the board may be getting closer to selecting a new one, it seems unlikely at this point, kell, that everyone will be happy with whoever it ends up being and aside from the board room drama, the company saying it's exploring options for its massive oakland property including potentially selling, it part of its drive to improve markets and eventually get to profitability despite all these distractions kelly? >> yeah. good luck on that one, deirdre thank you. deirdre bosa, what can step turn things around and joining us was more is jeffrey cohen. who the would you put in the seat >> first of all, we have to look at the issue with what's going on with the board. this is an easy search this company is on cruise control to a $100 billion ipo and the board canned get out of the way of each other, they are suing each other and public bickering and what ceo worth their salt will want to come into a board like that that's so dysfunctional, along with someone like tra

according to sources, hpe ceo meg whitman will not be there, but jeff immelt will be. he'll lay out his vision for the future of uber re/code reported earlier this week that immelt is the front-runner in the ceo search more on this developing story throughout the day on cnbc >>> still ahead on this show, guilty verdict in a massive bribery scandal at samsung the shares are actually reacting we're live in south korea with the story next >>> dished out a bigger punishment than is typical we are also keeping a close eye on hurricane harvey as it nears the texas coast. you're looking at live pictures of preparations underway in houston. so you miss the big city? i don't miss much... definitely not the traffic. excuse me, doctor... the genomic data came in. thank you. you can do that kind of analysis? yeah, watson. i can quickly analyze millions of clinical and scientific reports to help you tailor treatment options for the patient's genomic profile. you can do that? even way out here? yes. even way out here. even way out here? did you know slow internet can actually hold y

right now, general electric, the company has been on a roller coaster ride since they announced jeff immelt would be replaced by john flannery as ceo, but a investor could be gunning for a spot on the board. charlie gasparino, senior correspondent in the newsroom live with details. >> cheryl this is the activist investor that say, we were first to report helped push jeff immelt out of general electric, massive industrial conglomerate, one of the great american companies out there. we know, nelson peltz, owns .8 percent of the company's stock, that is still a lot of stock, puts him in top 15 shareholders is weighing a seat on the board. from what we understand from sources he may seek the board seat amid turmoil in the company. why is this important? nelson peltz is somebody that constructively tries to engage companies, pushing them in directions that enhance shareholder values. i'm projecting a little here, if nelson peltz does indeed ask for this board seat, if ge, i think they may be amenable to this, by the way, i think the new management in place is amenable to nelson peltz. the board

so the argument that we hear over and over from the jamie dimons and jeff immelts, i want a seat at the table, a table doing what? >> that's right. and that's what a lot of these ceos are frustrated by, that they are there, they sit around, they get into photo-opes, but they are not getting anywhere. jeff immelt did say that it is important to have a role when the administration is discussing manufacturing and other matters, but we discuss it a lot, we talk about what the various options can be. but these do tend to be photo-opes f photo-ops for the president. >> and remember, it's not easy for them to walk out. there is a lot at stake. and then there is this -- >> are there elements of white supremacy within the white house right now? is steve bannon a white supremacist? >> again, i don't think he's a white supremacist, although i've never asked him. what i don't like though is the toleration of it. it's something that should be completely and totally in-tolerated. so for me -- >> i don't know why anybody is clapping to that. >> the mnuchiooch, anthony scari who lit position in flames

is jeff immelt the guy?on valley start up maybe he could bring balance to the situation. ashley: a lot of people are expressing doubt, that he is wrong guy, bad fit but he does have executive experience at the very highest level? liz: right he can fix deepening morale problem and management crisis. ashley: emac, thank you very much. liz: sure. ashley: coming up, pope francis say migrants rights are more important than security concerns as spain reals from multiple attacks this weekend. we're all over that story. mitch mcconnell and steve mnuchin are barnstorming tax reform in kentucky. wouldn't that be nice. time is running out. stay with us. ♪ ♪ liz: doubts over the trump agenda has some investors worried that the record-setting market rally is at risk. last hour we spoke with keith fitz-gerald and asked him what he thinks. roll tape. >> like throwing spaghetti against the wall, see what sticks. even a broken clock is right twice a day. pessimists you have to be very, very dangerous in here. august notoriou

of travel from expedia chosen under over candidates such as outgoing general electric chief jeff immelt. and hewlett packard leader meg whitman the forty eight year old because russia he is a relative outsider to silicon valley he faces the tough task of putting the ride hailing from back on track. after years scandals and the ouster of founding ceo travis kalanick uncle of reports. a surprising pick to navigate wilbur out of a nearly year long crisis. the company's board went with lesser known choice dara because russia i for the bellevue washington basd travel site expedia for the past twelve years. as a relative outsider to silicon valley. the iranian american faces the monumental challenge of transforming the image of the most valuable startup to come out of silicon valley in the past decade. morality uber has hit rock bottom after months of controversy. including reports of widespread discrimination and sexual harassment. lawsuits in the brutal ousting of because our shies predecessor and cofounder of uber travis kalanick in jun. the company also faces increased competition from ri

according to sources hpe c eshs ceo meg whitman will not be there, but former ge ceo jeff immelt wille there re/code reported earlier this week that immelt is the front-runner for uber's search for a ceo. >>> amazon says its 13$13.7 billion acquisition of whole foods will close monday. it says customers will see special savings, especially for prime members. kroger, costco, sprout, super value all fell yesterday >>> wall street will be closely watching fed chair janet yellen today. she's delivering a speech in jackson hole, wyoming. the topic is financial stability and fed watchers will be looking to find out clues about plans to wind down the balance sheet. we will also hear from ecb president mario draghi full coverage throughout the day here on cnbc including an interview with cleveland fed president, loretta mester at 8:30 a.m. eastern. fed governor jay powell at 2:20 p.m. on "power lunch." >>> the big story this morning is hurricane harvey, gathering strength in the gulf of mexico now a category 2 hurricane let's get an update on the storm's path from wvit meteorologist kaitlyn m

it's not jeff immelt or meg whitman.next ceo will be dara khosrowshahi, the dark horse candidate who was not leaked in this process, but has taken month. khosrowshahi is the current chief of expedia and he emerged i'm told late into the weekend up until sunday afternoon, very close to when the selection was made meg whiteman was the likely choice according to sources, despite numerous denials that she wanted it or was even in the running. jeff immelt pulled out of the race sunday morning via a tweet. khosrowshahi it is and though he's been called the truth or compromise candidate, he's seen as a very qualified and respected choice he has presided over expedia's expansion to more than 60 countries and he has made deals to bring in other brands into expedia's fold but guys his hard work begins now. if and how much he'll work with former ceo and founder travis kalanick, that's a big question. there's the lawsuit from alphabet's waymo plenty of executive positions to still be filled. and not least boosting morale and fixing

the next ceo of uber, could it be former general electric jeff immelt? he might be next in line.es say he is the front runner. cofounder travis has been hit. [bell] lauren: london big ben sounding the hour for the last time today before a long repair work, sot british lawmakers gathered with head bowed. work to be done in 2021, longest period of silence since it went out in 1859. i'm, sure, cheryl a lot of tourists will be disappointed. cheryl: i think the brits are more disappointed than the tourists. huge story in london. >> revenue in one go. why are we going there. lee: it is a huge symbol, to go there and hear it is so iconic, so i understand why people need to let it go. cheryl: we will miss you for four years. we have a lot more to talk about. the rnc has made a record hall in fundraising, how this could impact the president's agenda, we are going to talk about that next, plus, a rare ashton martin goes up in the auction block, the jaw-dropping price tag for this car, it's pretty, was it worth it? we will be right back. potsch: you each drive a ford pickup, right? (in unis

jeff immelt, staying with committee for now. david. >> kevin thank you. >> trump administration today stepping up its warnings to north korea and kim jong-un. top general dunford said that u.s. stands ready to useful range of military capabilities to protect this country and our allies. reporter: any day now north korea military officials will reportedly submit a plan to kim jong-un about launching ballistic missiles today guam. as american groups conduct joint military exercises in region, u.s. pursues two tracks, pushing for peace, and preparing for war. general dunford traveled to the korean peninsula. meeting with south korea president moon. >> we have capability to to defend the peninsula, and guam and hawaii and the united states, the answer it next. reporter: other trump administration officials are tempers without without threatwhite house threats last week of a strong military response to north korea. >> putting all of resources of united states and energies of this president behind to resolve this present confrontation

if they end up choosing jeff immelt, what they are really focusing on his sales and operations effectivenessespectability in terms of culture. some of the challenges for somebody coming in is striking the right balance between what is an internet company at its core with a user experience, and at the same time have to move into areas like self-driving cars and real operational excellence. there is something else which is important here which they really give up with travis, which is this drive to work with cities and countries to allow uber to operate. we forget one of the things having a founder in place is that founders tend not to ask for permission. they beg for forgiveness later. by bringing in someone who is an established manager from a large company, one does wonder whether they will be able to continue that drive and that ability to push their way into new markets and keep themselves in those markets. >> sort of funny to hear travi'' regulatory recklessness phrased quite that way. i think there are plenty of four members ready to see over move potential lawbreaking other probes --un

he beat out competition from meg whitman and jeff immelt.eeds co-founder travis kalanick, who left the global startup in june amid investor pressure. eric newcomer has covered this ceo search from the beginning, and joins us from san francisco. eric, is this a good fit? eric: of the candidates, it seems at least the company he was running is the most logical fit. expedia -- we are talking travel, general electric, hewlett-packard. there is some logic there. the ceo of expedia is a dealmaker. that is very important. the logic behind this is there. at the same time, uber faced a lot of problems for its perceived closeness to the trump administration. --has certainly been probably one of the most outspoken tech leaders against trump's presidency so far. vonnie: this is coming at the same time we are seeing over co-founder travis kalanick argue that vc firms are challenging his right to appoint three board members and should be heard outside of court. he wants an arbitrator to resolve this. it enter into a good arrangement with this new ceo? eri

we have just heard that ge ceo jeff immelt has withdrawn from the presidential council. the one the president has said he already disbanded. he now joins larry fink and alex gorsky. quittingafter another a council that perhaps no longer exists. live from new york and washington, this is bloomberg. ♪ david: this is bloomberg markets: the trump economy. i'm david westin. the latest on president trump's decision to disband his advisory groups after a series of resignations. statement says, we believe the debate over foreign participation has become a distraction from our well-intentioned and sincere desire to aid vital policy discussions on how to improve the lives of everyday americans. that is steve schwarzman who has that counsel. margaret from washington. bloomberg broke the story the strategic counsel would be shutting down. the president says we are going to disband both at the same time. the ceo of johnson & johnson, larry fink saying they are resigning. this is turning into something a little bit hard to follow. when you put it all together you can safely say that a

dara khosrowshahi was selected to be uber's next ceo at the end of a dramatic weekend that saw jeff immelt drop out via a tweet and meg whitman re-enter despite publicly deny she was interested in the role khosrowshahi is the current expedia ceo. his name was leaked before they had a chance to tell his employees or his own chairman, barry dillard, wrote that nothing has been finalized but having extensively discussed this with dara,ible it is his intention to accept. he was the dark horse candidate that managed to stacey credit throughout the turbulent search process and has prosided over expedia's expansion to more than 60 countries, quite the deal maker bringing travelosity into the hold while fending off air b&b. if and how much he will work with the former ceo and founder, trav travis kalanik is a big question plenty of executive positions to still be filled and not least boosting morale and fixing culture in a company that has just gone through the ringer >>> still coming up, we cross live to houston, texas for the latest on tropical storm harvey. don't want to miss it. we'll be back

it seems jeff immelt is the main candidate. but there are others reportedly still in the mix.do you think labor day is a realistic deadline? >> think everybody is exhausted and they would like to see deadline met, but it would require investors that do not get along to get along. it is hard to say if they will meet the deadline. but they are all tired and would love to see if they can get along. emily: coming up, after the events of charlottesville, tech firms have taken a stand against neo-nazi groups. but the debate in silicon valley on how it deals with hate continues. we will discuss next. plus, tech firms are stepping up spending on original shows and content. we break down the new media marketplace. this is bloomberg. ♪ emily: jeff jones the former , president of uber has been named president of h&r block. he previously served as chief marketing officer at target. the move is part of a greater digital push. h&r block touted a collaboration with ibm for free online returns as it competes with online services like turbotax. since president trump took office, tech leaders a

that's a statement from jeff immelt back over to you. >> morgan brennan with comments from ge's outgoing ceo, thank you. >>> well, there's other stuff going on, by the way, in washington federal reserve minutes are out right now. let's get to hampton pearson >> the minutes show monetary policy makers basically struggling to balance concerns about the decline in inflation with signs of a job market that continue toss tighten. some participants expect inflation to remain over the 2% target, committee members observing, quote, they could afford to be patient in deciding when to increase the fed funds rate others were concerned about the pressure from a labor market that was already at full employment and can still tighten further. still we got no launch date, by the way, for when the fed might begin reducing the portfolio, deciding basically to wait until the next meeting when they would have more information on overall economic conditions. there were monetary policy makers at the july meeting who wanted to announce a date at that time. looking overall at the economy and what monetary polic

saying that they are going to stay on the ceo advisory council here at the white house including jeff immelt of ge, andrew liveris of dow, stephen schwarzman of blackstone hand michaand michae dell, all indicating they are likely to stay on the council now. divided opinion in the wake of the president's handling of that racist violence in virginia. guys >> eamon, back on the trade investigation. that is within the rules of the world trade organization as i understand it, yes >> yes. >> they are not violating any rules by conducting this investigation. >> reporter: no, it's simply authorizing u.s. trade representative to determine whether or not he wants to conduct an investigation under the terms of the u.s. trade act, but, yes, you can emergency that the usd r will look at the president's announcement and decide to investigate. what they do from there is an open question, but i think the important thing today is the symbolism of the president doing this in the white house today, especially in the wake of his criticisms of the chinese for not being forceful enough in terms of north korea the

it became clear earlier this week that -- or on i would say friday night, saturday morning that jeff immeltt ge was not going to be the ceo. and then later when it came down to dara, now people are positioning. okay, well, we couldn't decide on this or that. but i would say the -- be pretty weary of what is coming out now. it's a lot of face saving basically. >> at what point do you look at even this ceo rollout, slow rollout i suppose, and the board's actions in it? and get really concerned about uber as an investment at a new level? >> yeah. i have to be clear that my day job is actually investing in deep tech companies that cover some of the other topics you talked about today like space-based as sthaets keep watch on north korea or predicting and preventing catastrophic floods or ai powered drones that help bring materials to stranded people so when i'm commenting on uber, i'm not a consumer investor by day job. i'm commenting as a lay person that being said, any kind of ceo drama at this scale is bad for companies' value it's bad for company's morale. this is a very strong leader this

>> who would you like to see run it >> jeff immelt is a great name >> really?we hear he's the front-runner or one of them that would be great. i think travis can come back >> even though garrett says he is not coming back >> yes, everybody says that. but clearly what is going on is travis rethinking it now that he's saying, look, had a lot to learn. a lot to change. i think there are roots back and the worst thing for the company would be in limbo for the next six months >> do you think the battle between benchmark, the big investor on the board and travis gets won by travis >> i think it's possible travis is playing brass knuckles here clearly he's going to do whatever he has to do. he has to sign off if a new ceo comes in and hasn't totally backed that person, the person is a toadie travis is still ceo even though he's not ceo in name tra travis has to be on board. >> a ceo coming from the outside has to be assured that's not going to happen. >> you have to have travis agree that if immelt is going to be ceo, he's going to be ceo. it's a very interesting situ

clearly a -- not a pure travis kalanick choice which would have been jeff immelt who would leave in aouple years and traffic wois take over i think they're in good position i think roger exactly right. this company has launched a half a dozen experiments. a lot of them need to be shut down you focus on the core service which is what everybody loves. the key is going to be the economics in the more mature markets. can they run the service and grow at pricing that is sustainable profitbly? that's the key we haven't seen the numbers in a while. >> we want to get both of your thoughts on another story now, battle of old media versus new media. walt disney preparing budgets cuts at the abc television ublt which could involve staff reductions this as facebook debuts the first reality show, "balls in the family." i don't know if it's going to be kardashian sort of interesting to put these two stories together i think we have a clip of this >> i am the bar ball, the father of three sons born to go free throw. three from the same daddy? they're all superstars i'm ball believable. the direction

. >>> our sister blog ricoed reports the former ge ceo jeff immelt is the to ceo position.een looking for a ceo since theirs stepped down. immelt say no nonsense leader and could crack down on uber's behavior. >>> the ftc has approved amazon's pur of whole foods. there's still some hurdles in the way, but that was a big one so we should see this one go through. >> people are excited about that one. >> they. >> a lot of things coming from amazon these days. >> absolutely. >>> happening today, amazon is opening a physical bookstore in san jose, the online marketplace which began as a cyber book dealer will now have a brick and mortar frens along santana road. some shoppers say they're already used to buying things online. >> there's a little irony in there, isn't there? there has to be. i don't know. maybe they think they can make it when others couldn't compete. >> amazon has been experimenting with these physical stores in other cities. according to the santana website they will sell books and devices like kindle, echo and five. >> i'm still all for physical books. >> a lot

. >> and he -- we basically were on this panel and before us was walter isaacson interviewing jeff immeltas guys. >> and after us was like katie couric maybe interviewing sheryl sandberg. >> seth: great. >> and in between it was chris matthews interviewing us. >> seth: uh-huh. [ light laughter ] >> so very out of order. >> already a bad idea. >> yeah. [ light laughter ] for an ideas festival, a truly bad idea. >> seth: well, there are all kinds of ideas. there are good ones and bad ones. and at a festival you have to celebrate them all. >> you have to show both sides. yeah, exactly. >> seth: so what -- what sort of questions was chris matthews asking? >> oh, man. >> well, first of all they give you questions in advance. like, here's what chris is going to ask. and then of course, immediately, right off the rails. but he -- the first thing, we sat down, he goes, "so colin, tell me this -- colin firth or colin powell?" [ light laughter ] >> that was it. [ laughter ] >> seth: he wanted -- as a colin he wanted you to pick your favorite colin? >> i guess. and those were the two options. i don'

jeff immelt took a couple of days before september 11th, remember during financial crisis, that stocke way down to $2. jon: that's when warren buffet bought it. you could say he's cashing out. still pretty good profit. >> he bought low and selling a little bit high. maria: he is also saying he doesn't think it goes much higher. he made a killing on it for buying it $2. everybody wanted warren's money and terms and incdable -- jon: what was going on in the commercial market, he got in there and made a killing, he sees that the run has gone as far as it's going to go. a company since the crisis where you've had to wonder what is ge, what do they want to turn themselves. maria: totally changed the company, selling other businesses. jon: largely financial company and it was never the same. maria: now largely, what, industrial energy. we will take a break, when we come back seeing wealth differently, how each generation chooses to manage their money. what about yours, back in a minute. they're experts in things you haven't heard of - researchers of technologies that one day, you will. some

stepping down from the white house council, ge saying that jeff immelt will remain on it. >>> and disneyiring a production superstar but is the real scandal how much money netflix has been spending lately >> and investors ignoring the politically charged headlines, puttin

stuart: jeff immelt? ashley: very much grown-up in charge of the company.ly successful at ge. ashley: leave it at that. a big name, put it that way. stuart: thank you very much, ashley. ashley: you're welcome. stuart: a new survey says airlines could save billions a year if they went without pilots. tell me -- liz: billions spending money on you know, pie lots. stuart: a bank says this. liz: ubs. but that same ubs report found more than half of the people they surveyed, 8,000 people would not fly a robotic pilotless plane. less than 1/5 would. ashley: gone years without customer service, so why not a pilot. oh. stuart: oh, good line. we have chelsea handler, leftist comedienne, says there should be a law against people who think racism is funny. not quite sure about that law. larry elder brought us the story. he is next. actually next hour. here is the issue, free speech anyone? ♪ track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed

been talking about how this was unexpected coming out from the uber board given that we heard from jeff immeltthe same from meg whitman as well. onwill get some more context what this all means. >> that will dominate headlines tomorrow morning in the u.s. david kirkpatrick will join us in moments, the ceo of well noted tech analyst and interviewed many of these personalities, including the expedia ceo, and meg whitman as well, so interesting to hear his take on what happened, particularly with meg whitman, who seem the leading contender. we follow the developments in texas with hurricane harvey. the strongests on storm to hit the united states and 13 years, costs could top $24 billion, combining the effects of tropical storm harvey on the labor market, power grid, oil and gas. harvey has killed at least two people and caused unprecedented flooding. it is drifting towards the gulf of mexico and could intensify again. it appears that the quarter of the oil production in taxes is very much going to affect the jobs market, the therey in texas, but also is some question about whether it might have

travis and his allies were pushing for the former ge ceo, jeff immelt.enchmark and its allies wanted the hp ceo, meg whitman. the dispute even turned to litigation with benchmark suing. but he's a great pick, and entrepreneur. he built expedia not just into a major travel brand online, but a global platform that can accommodate for kinds of brands. he's been ceo of a public company which one day uber hopes to be. so this is a sign -- it certainly going to be his first job, to repair some of these divisions on the board. joe: you talked about the success he had at expedia. expedia shares tumbling in the wake of this news, down 4.5% going into the close. what did he do? that stock has had an incredible run, well over 1000% since the crisis. what did he bring to that companies that -- that company that shareholders are going to miss? brad: he turned it into a technology company. withd these relationships airlines and then booking.com becomes an aggregator of deals and blows expedia out of the water. over the past decade, he has basically caught up and assem

so let's get to it first one up is jeff immelt and uber's eric schmidt. he'll become ceo and maybe he's looking at travis kalanick. >> wow, this isn't somebody who will really embody what uber is all about, the hard-charging kind of rush to dominance cape of culture but somebody who brings coverage and you wonder if it's the worst of both worlds. >> is it a win-win or lose-lose? >> maybe so interim that's kind of a bridge to either, you know travis coming back. >> or the set inge of the lawsuit. >> next, is blue apron a unicorn no more? fell below $1 billion today. what about the dozens of other private sector unikworns that are about to go public now >> are they looking warily at how they might be received i think the big lesson and also with snap, it won't go away. they will become more intense and you have to prove it pretty quickly out of the gate. if you look at the chart from the ipo of blue apron it looks a lot like groupon and zynga which in kind of retrospect were viewed as the overhyped fatally flawed concepts. we'll see. under $1 billion there'

so did jeff immelt we've been crushed thank heaven there's a yield but it doesn't protect you from realital. >> filing of note showed temper selling his snap shares, 100,000 shares in q2. >> snap is -- i think a lot of people said look, you can't -- we won't get that much worse if the insider selling is done. my problem with snap is that i need a catalyst, other than the fact that it's down a lot. i don't have one wish they could make some new deal that would make you sit up and notice you do -- media company take a big stake f disney suddenly took a big stake, which is not going to happen. >> nbc universal, our parent company -- >> we, too, have a stake disney, by the way, there's a piece about trying to put everybody together who is doing well viacom comes up as being really terrible and you have to stay away. disney comes out as being not so bad, i would say maybe that's my characterization of the report. it's good research about who is winning and who is losing in this new world gl changing quickly. citi morgan stanley, key corp, discover goldman, bbt. >> i think this is a group tha

we've been talking about a short list for many weeks, jeff immelt, meg whitman, who said she was notout of the blue was this? >> they were looking for a ceo for a while, but it came down to finding somebody who has that kind of experience of running a large internet company with a similar business model, taking it to the next level of profitability, and i think dara is a great choice. with him at down couple weeks back. i asked about his understanding of the regulatory landscape. let's listen to what he had to say. >> the visibility into the landscape has definitely gone down. there's a lot more uncertainty. volatility,e although capital markets reflect that. i think as a company, you just have to stay flexible. you can't get set in your ways. david: what do we know about his political engagement? he's been critical of this administration. he has weighed in on a lot of these high-profile issues. that is something uber wanted. >> if you look at expedia's history, they have overcome a lot of regulatory hurdles. same is the case with uber's business model. ridesharing is still in a flux

and when jeff immelt said when obama was elected, we're all democrats.r is not necessarily a trump guy. trish: carl icahn thought highly from trump from the get-go and he yesterday afternoon announced he was no longer going to be an advisor. >> well, it's quite alarming how the press puts out something that trump is a racist and then no one really looks at what he said and what the facts were, but just repeated. for example-- trish, let's face it, you know, we can criticize all we want about the hate that's in our society, but cicero, centuries ago said we have a solution by creating. i'm going to issue your listeners a challenge, august 25th, for the first 1,000 that respond on instagram on their story, invite somebody you do not like, that you disagree, with, really, and have coffee with them and i'll send $25 to the first 1,000 that do that and tell us how it worked out. trish: all right, a little challenge. >> well, so, i want to encourage you to go to my website and see how that worked out. donna redwing ahead of the gay and lesbian community, calle

jeff immelt's name. dagen: hello. maria: tracee carrasco. debbie wasserman schultz is fighting back. she is defending her choice to not fire her it staffer just until a week ago he was later arrested for bank fraud, whether he get into that coming up. christmas coming early for fedex, why the delivery company is cutting extra fees for holidays, next up, back in a mie you owned your car for four years. you named it brad. you loved brad. and then you totaled him. you two had been through everything together. two boyfriends, three jobs... you're like nothing can replace brad. then liberty mutual calls... and you break into your happy dance. if you sign up for better car replacement™, we'll pay for a car that's a model year newer with 15,000 fewer miles than your old one. liberty stands with you™. liberty mutual insurance. .. maria: it is friday, august 4th. stopping the leaks, jeff sessions set to unveil his plan to get control all the leaks coming out of the american administration. donald trump's calls with several world leaders were given to

we have heard a lot of names, jeff immelt/. sheryl sandberg. what is going on?ld of personality -- cult of personality. they want somebody pretty big. those people are difficult to find. there may be something else going on with uber and lyft. you have seen questions about how the business will be managed once you have robo taxis. you see a rental car companies getting involved. i think now, you are getting the second phase of investors saying, what about -- what are the particulars and how will this be run and who will pay for the cars and maintenance and depreciation once you have to own these hard assets? that raises questions for the future of these businesses and how much money they can make. jonathan: we have established from the ceo search, what the objective of the ceo is, to clean up the company or to get the company to go public? what is the objective for the next to the executive? >> the next phase for this company, we have seen startup money and fast growth in the early five years. now, you do not need an entrepreneur with bootstrap ability, you need

i don't know if jeff immelt is in that category and they want someone with managerial experience >> why do you think she doesn't want it. >> all the reasons we're talking about every day. >> a huge company, changed the world. you don't think that's an attractive opportunity >> at the same time they're all trying toing to shiv each other >> there's millions and millions of new losers in america they are the lucky ones. they are the lucky ones. >> it is a curse to win. watertown i know well from going to school up there, living in newtonville. >> is that where the winner was? >> that's where the winning ticket was sold. >> i didn't get to play and he didn't get to dream. >> someone in mass mass roughacs roughly 7$759 million richer today. state lotto spokesperson said the winning ticket was sold in watertown outside of boston. it's not clear who bought the lucky ticket but they are the single biggest lottery winner. >> is that where the town was based, like a been affleck movie years back >> no. i don't think. >> the town. >> one of the few movies that i've seen. stuck with mefrnlgts tany

. >> well, i saw jeff immelt resign, and he's, remember, the fellow said when obama is elected we'rell democrats, and then also the afl-cio fellow in resigning said that president trump in condemning the nazis and the white supremacists and racist were forced remarks donald trump doesn't impress me as someone who can be forced into do anything i think it's sincere from his heart. if you really know donald trump's history, at mar-a-lago when he opened up the club down there, he admitted jews and blacks for the first time, and i understand also has an openly gay couple as members in his club that doesn't sound like what a racist is all about. so i think a lot of this is politically inspired for the people who don't like donald trump, to make him look bad. in fact i was really shocked that fox news had a little clip and it told what the two bush presidents had said how racism is not a part of america, and condemned it, but they said it was in relationship to trump's statement. well, anybody is against -- we're all against the racism, and what was represented there but, they by putting i