the former head of skype, josh silverman, will replace chad dickerson as ceo. on the surprising ceo change news. back over to you. >> a stock to track today. thank you. >>> 4:40 right now. if you're sick and tired of traffic in downtown lafayette, you have until the end of this month to vocalize something about it. the city has put up a survey with 15 ways it's thinking about reducing congestion. it includes coordinated traffic signals, more signals and one people can vote and comment on the options they like. the winning options will be considered as part of the city's development plan through 2040. >> it's 4:41 right now. if your shirt did not completely stick to the side of you -- >> that sounds pleasant. >> there's an opportunity today. >> we're going to have a mild start, looking at the temperature trend for cupertino. 9:00, already in the lower 70s and head nothing to the upper 80s as we go throughout the day. more sunshine, hot weather, but there will be a break. we'll talk about that coming up ny9ñ >>> and following up right here, the san mateo bridge,

coming in better than expected, but the online marketplace is announcing a major restructuring.ceo josh silvermans leaving the company along with the chief technology officer. shares are skidding after-hours trading on the news. turning in its worst performance in my than a decade in tuesday's session. the stock tumbled 24%. coming up, we speak with microsoft's corporate vice president of devices. this is bloomberg. ♪ emily: we are continuing to get updates on apples third-quarter results. ceo tim cook is on the call thing he feels great about this quarter's performance and the services business is on its way to becoming a fortune 100 company. he says app store revenue is up year-over-year, and developer numbers are up 26%. we will continue to monitor that. it is back to school for microsoft.the tech behemoth has announced the launch of its new service brand of device, surface laptop. it is aimed at college students loyal to apple, and it is a departure from the surface book. mark gurman got a peek at the new device. reporter: this is the new microsoft surface laptop. we got an exclusive sneak pe

board member josh silverman will replace chad dickerson as ceo. the shares plunging more than 60% after hours on that surprising news. your cnbc morning business report. i'm courtney reagan. >> thank you. >>> depending on where you work, your summer internship may make more than you do. glass door.com said some summer interns earn more than that double the average american worker. most of these internships are at big name services. facebook will pay the summer's interns $8,000 a month. microsoft interns are the second highest, $7100 a month. third place to exxonmobil interns who receive just over $6,500. the average american only makes a whole heck of a lot of money. >> i look at our interns here. they actually work. they're not making coffee and they're out in the field, sweating, doing work. >>> the news4 team is going sugar-free. you've seen our facebook diaries and our posts. it turns out your brain can benefit from cutting out the extra sugar. >> of all the sweets we love, could can impact our memories later on? >> we'll break that down. >>>

separate the positions, but chad dickerson is leaving as ceo and chairman effective tomorrow, and josh silverman over, holding positions at american express, skype, and shopping.com. fred wilson is chairman of the board. look at the earnings, they report flat earnings, just a slight miss. the street hoped for a penny there, and revenues also light, but you can see the stock is down sharply, 14% on the news of the ceo departure. no gieuidance. they'll let the new management team look at the company as a whole and then look at the guidance when they give us their earnings for the second quarter. back to you. >> that is a welcome for the new ceo. molina ceo leaves and the stock is up. different responses there. weight watchers' earnings. >> strong for weight watchers, stock up over 100% in six months, a strong quarter for the company. going through the earnings eps. coming in adjusted at a penny lost, better than expected. revenues beat as well. weight watchers is benefitting from a tax benefit, they say, in three months, subscriber growth up 16%. that's better than they they ended 2016 and raised

josh silverman coming in there, a senior executive at american express who i happen to know well.ket not reacting well to the numbers there, correct, not to the actual change in ceo at this point. i mean, i guess they're potentially connected. >> yes. we'll see. etsy did break even, missed by a penny. the revenue was a miss as well. jim, you have been consistent on etsy in the last six to eight months. >> yes, i have been. i felt they could be the craft oriented amazon. the last three quarters had been just okay. what i find most interesting, this is the largest employer in brooklyn. what i find most interesting, this was chad dickerson's company. he was talking about the greater good, doing greater things. being bigger than the company. well, the board obviously didn't feel that way and i think the board got fed up. i think it was a shorter leash than i thought. david, cfo leaves, ceo leaves. almost as if they want this company to become a bigger company and not so seat of the pants. >> yeah. >> a serious guy with real experience. he knows how to run big companies too. i'm curiou