linda mcmahon has done an incredible job as the head of the small business administration, she has been a superstar. the fact is that, i have known her for a long time, i knew she was good that did not know she was that good. she has been one of our all-time favorites, just so smooth and helped so many people in the world of small business. she will be leaving, she is going to help us with a very important year and a half we have coming up. the reelection as they call it. we look forward to that and will be working strongly. she will be doing a fantastic job. making the new nomination and appointments in a short distance and that will be in consultation with linda. i have to say that this is an outstanding women -- woman who has done an outstanding job and i want to thank you very much. >> i really appreciate that. pres. trump: what has been your highlight and what are some of the great things you have done so they all know? put it on the record. >> the highlight has been the fact you asked me to take this position, it has been an honor to serve the country in your cabinet. and the peop

linda mcmahon has done an incredible job as the head of the small business administration. she has been a superstar. the fact is that i've known her for a long time. i knew she was good but i didn't know she was that good. she's been one of our all-time favorites. it was just so smooth. she's helped so many people in the world of small business and she'll be leaving. she's going to go and help us with a very, very important year and a half that we have coming up and the re-election, as they call it. and we look forward to that. we're going to be working very strongly. she's going to be doing a fantastic job so she's going to be leaving. we'll be making the new normal nation and appointment in a very short distance and that will be in consultation with linda. but this is an outstanding woman who's done an outstanding job and linda, i want to thank you very much. >> thank you very much, sir, i really appreciate that president trump: what has been your highlight and what are some of the great things you've done so we can put it right on the record? >> well, the highlight has c

caltcalt nick nick >> president trump linda mcmahon was stepping down as the head of e small business administration. this is about 15 minutes. president trump: she has done an incredible job as the head of the small business administration and has been a sturep star. i have known her for a long time, i knew she was good but she was a long time favorites and helped so many people in the world of small business and will be leaving ap going to help us with a very, very important year ap a half we have coming up and the reelection and we will be working strongly. e will be heeskap making the new nomination and apointment in consultation with behinda. this is appear outstammeding women ap linda, i thank you very much. >> i appreciate that. president trump what has been your highlight and so they can all know? >> the high height is the fagget thaw asked my to take on this position and honor to serve this cupet try in your cabinet and the people of the united states and small businesses, 30 million all bies, 99% of the small physicianes and we have great team we have out there and it has be

i'll tell you linda mcmahon is a very special person.ing to be working with me very hard so we keep this miracle that we've built. you saw what happened last night in michigan. we had, if they would really report it, many, many thousands of people outside of the arena. the arena was packed. that arena was absolutely packed last night. there was tremendous love in that arena. you look what is happening with michigan and ohio and pennsylvania and florida, so many places, north carolina, south carolina. you look at what is going on, iowa. wait until you see what is going on in iowa. so many different places. new hampshire i have tremendous reports of something we did up in new hampshire. our country is doing really well. we're the hottest country in the world economically and it is going to stay that way for a long time to come. thank you all very much. linda, thank you very much. [reporters shouting questions] connell: donald trump announcing at mar-a-lago that linda mcmahon leaving small business administration. the concentration will be

linda mcmahon has done an incredible job as the head of the small business administration, she has been a superstar. the fact is that, i have known her for a long time, i knew she was good that did not know she was that good. she has been one of our all-time favorites, just so smooth and helped so many

linda mcmahon has done an incredible job as the head of the small business administration. she has been a superstar. the fact is that i've known her for a long time. i knew she was good but i

because in a lot of ways president trump and linda mcmahon were cut from the same cloth. they're both iconoclasts, they both enjoyed and reveled in challenging the status quo, challenging authority. as you've heard the president in the past, he's been very praiseworthy of her. we'll see whether that continues and she gets a proper sendoff later today, ali. >> and they have a relationship that existed outside of politics as well, there was a connection between the mcmahon family and the trump foundation as well. hans, thanks very much. april 7th, i'm told, is wrestle mania, since you seem to know a lot about wrestling. >>> there are mass protests both for and against brexit in london. the political mayhem reached chaos a short time ago. lawmakers for the third time rejected, those are the nays, prime minister theresa may's proposed plan. now britain could crash out of the eu. the reason we say crash out of the eu is that in two weeks' time if there is no deal in place, the trade relationships between britain and the european union, which are formidable, will no longer exis

neil: linda mcmahon is leaving the trump administration.all business administration. blake burman has more on that. hey, blake. reporter: hi, neil. this just coming in within the last few minutes from a source familiar with the ongoing matters. linda mcmahon will indeed be leaving as the head of the small business administration. she's been in the trump administration for a couple years now in that role, been praised by the president consistently throughout her years within the administration for her work. some had speculated here in washington that as the different cabinet members moved in and out, maybe she would have moved on up in the administration but we are hearing that it is probably sooner rather than later that linda mcmahon will be stepping aside as the head of the small business administration. as for her next step, what she may or may not do in the private sector, we do not know. as you know, linda mcmahon is the wife of vince mcmahon. they run the wwe, a wildly successful business venture in its own right, though we are told i

indiscernible] caltcalt nick nick >> president trump linda mcmahon was stepping down as the head of e small business administration. this is about 15 minutes. president trump: she has done an incredible job as the head of the small business administration and has been a sturep star. i have known her for a long time, i knew she was good but she was a long time favorites and helped so many people in the world of small business and will be leaving ap going to help us with a very, very important year ap a half we have comup

linda mcmahon has been talked about as a potential replacement if there ever were to be a replacementeeded for commerce secretary wilbur ross. we'll leave that out there. what we know, according to politico is that federal business administration had linda mcmahon is said to be stepping down to return to the private sector. time for our stock of the hour, it is lyft. joining us is taylor riggs. taylor: i want to talk you through some of the fundamentals of the company. about the private financing, i want to take a look at their valuation. they've increased about tenfold from $2.5 billion in 2015, now you're looking at almost $25 billion. just look that they are open up trading in the last few hours, the first trade from the ipo was up 20% and that is doing very well, but they are only behind alibaba which was up 36% and snap which was up 41%. like you said, very good. let me walk you through some of the numbers. we do know that given demand they had gotten a big boost, now , bigng at $72 as an ipo valuation thereof over $20 billion. a price per sales multiple on par with netflix but a

linda mcmahon, exiting the small business administration as that of that. controversy -- more controversy? surrounding the jussie smollett case. chicago mayor rahm emanuel says he wants to recoup costs the city spent on this investigation. not just the $10,000 that they kept that he put up for bonds. the city writing in the letter to the "empire" actor, this -- "in an attempt to resolve this matter without further legal action, the city requires a payment of $130,000 expended overtime hours in the investigation of this matter. please submit a money order or certified cashier's check within days." but smollett's legal team says chicago's mayor and police chief both jussie smollett jussie smollett an apology. matt finn reporting now, as he has all week, from chicago. matt? >> harris, jussie smollett's 16 felony counts for lying to police have been dropped, but now the actor may face new charges because of chicago's law department warns in a letter that if he does not pay that $130,000 within seven days it can prosecute him for filing a false report and the la

a big political donor and senate candidate in her own right linda mcmahon has been at the small business administration since the beginning of the trump administration and no word yet on who is expected to be her successor. >>> thanks here's what else is coming up on "the exchange" >> announcer: ahead, constructive that's what steve mnuchkin says about the most recent trade talks with china >>> plus star agent scott boris joins us why he says there's a cancer spreading in baseball right now. >>> and robots are taking over college campuses this is "the exchange" on cnbc i don't know what's going on. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td amer

let me ask you about another trump appointee, linda mcmahon we learned she's stepping down but she's not exactly leaving the trump orbit, where's she going? >> reporter: no one ever leaves the trump orbit. linda mcmahon especially, she's someone that the president greatly admires, greatly likes her, they've known each other since the 1980s and we are being told by sources that she's expected to step down from her post, a position she's held as the small business administrator for two and a half years, this afternoon as early as this afternoon but certainly in the coming days. the president seemed to hint at that earlier today saying there would be a news conference down in mar-a-lago talking about her departure but we do know where she's going. she's going to america first action which is the president's outside political group and she's expected to play a big role in fund-raising there. that was a role that she had before she entered the administration. she's a big donor, a big fund raiser and that's what our sources are telling us. they expect her to keep doing but you can expect h

linda mcmahon is moving to work on president trump's re-election campaign. she's a chief executive of world wrestling entertainment. there are now four vacancies in the trump cabinet. >>> a pittsburgh woman accused of killing her husband appeared in court today. she's charged with murder in the shooting of her husband paul earlier this month. today she pled not guilty. he was a beloved principal at the adult education center. new court documents reveal she said she snapped and shot her husband after he gave her a gun following an argument earlier in the evening. >>> we're learning new details in the deadly shooting just outside the west oakland bart station. police arrested a 16-year-old boy this afternoon. she's accused of shooting and killing a 17-year-old girl around 10:30 last night in the parking lot. the two knew each other. still bart riders say incidents like this are why they stay on the alert. >> you have to watch your surroundings. you have to be kind of street smart know the people you're walking by. you have to just observe. >> i normally just m

. >>> coming up, linda mcmahon is expected to step down. mills joins us to weigh in. >>> after the break, the ceo of out-front media will join us on the latest trends indvting aersi and how his billboard company is keeping up in the digital age. e. learn what a cfa charterholder can do for you, at therightquestion.org could yyeah, of course. files? what is going on guys? oh hey, servicenow frees us up to do the work we want to do. so we're digging out from all the work we don't want to do. ugh, getting rid of so much paperwork. oh, doug. i didn't know you still worked here. i called for help but no one came. [ laughing ] classic doug. okay, carry on. yup. can you call my wife? thanks. servicenow. works for you. does your wealth a cfa charterholder does. they have the investment expertise you need for the ambitions you have for your wealth. learn what a cfa charterholder can do for you, at therightquestion.org . >>> welcome back time for a cnbc news update with sue herera >>> here's what's happening at this hour. parents making their initial

the administrator of the small business administration, linda mcmahon, is going to be stepping down. the president has already invited the cameras to mar a lago, he will be addressing the cameras soon and get at least a couple of questions on this we expect. it is surprising to some people that the white house counsel's office will not be involved in nil of the process of vetting this. the president according to the attorney general, has turned all of the sthort for determining -- authority for determining what is releasable and what is not ore to the attorney jinl. and that includes matters of executive privilege. we had been led to believe, neil, that when it came to issues of executive privilege it would be the white house counsel and emmett flood that would be consulting along with the attorney general and robert mueller as to what could and could not be released. but now it looks as though the president has put his full faith and trust in the attorney general to determine what is releasable and what is not releasable. which really, is a very, very big deal. the president in gran

thanking linda mcmahon, who is stepping down to work on his reelection campaign. though he also made comments about the impact they are having with north korea. he was not upset with the treasury sanctions on north korea, not necessary at the time, he says, and he says talks with china have been going very well, but not pleased about what is happening at the mexico border, and he says he is looking to shut the border with mexico over the immigration issue. joe: time now for instant replay. some of the smartest voices on bloomberg television wrapping up that strong quarter for the markets. >> massive rally. >> huge rally. >> equities going up, bonds going up. >> dovish tilt by central banks. >> very dovish commentary from the fed. >> boj, ecb, all of them signaling they are willing to stay on hold for much longer. >> after three years of raising rates, the fed has called a truce on bond investors. >> we are in a low inflation world. >> as long as that is the case, , every central bank in the world can remain on the sidelines. the economic growth continues and the m

president trump sat next to linda mcmahon, as he announced a short time ago she will be resigning as the head of the small business administration. mcmahon is expected to chair the american first action super pac, which will help fund-raising for the president's reelection campaign. the third time was not a charm for british prime minister theresa may's brexit deal. where does the u.k. go from her here? senior foreign affairs correspondent greg palkot with some answers from london. >> the nos they have it. >> the parliament house of commons again mocha stomach voting voting on the plan of brexit. the margin was small of the last two times, but still a defeat. >> mr. speaker, i fear we are reaching the limit of this present in this house. this government will continue to push the case for an orderly brexit, but the result of the referenda demands. >> nearly three years ago, today was the day the u.k. left the e.u. brussels gave london an extension may 22nd if the deal pass. now the u.k. has two weeks to come up with a new plan or face a hard crash out brexit on apri. prime minister ma

and if he will be appearing as you and i spoke earlier this hour about his plans to appear with linda mcmahonition. so there's a chance for the press pool that will be with the president at that event to ask about this. i think notable also is that in the attorney general's letter there is an explanation where he says he does not anticipate any effort to use executive privilege. that was matched with the president's outside lawyers have said to me. his personal private lawyers, rudy giuliani, jay sekulow and their team, that because the white house believes it has authorized during the course of the investigation people who worked in government closely to the president, and those names that have been publicized throughout these two years to appear before investigators, also on capitol hill and separate investigations that they were not excerpting any privilege at that time so it would not make sense according to the white house personal lawyers, not the white house directly, there would not be a need to exert privilege. those who believe this 400 pages might reveal something the white house w

linda mcmahon planning to announce she's stepping down as the head of the small business administrations to rejoin the private sector president trump will hold an event with her at mar-a-lago at 4:00 p.m. today. >>> a fuel order in the cabin of a plane forced a united airlines flight from baltimore to san francisco to make an unscheduled landing at dulles airport in west virginia. several people taken to the hospital no word yet on what caused that odor >>> new york lawmakers will vote sunday on the deal to ban single use plastic bags statewide the ban would take effect march 1st of 2020. it would apply to any store at new york, and if passed, the second state after california to do so. >>> for more than 30 years, orange plastic phones bearing the image of the popular comic strip character garfield have been washing up on beach in western france well, the mystery has now been solved a french environmental group said they come from a shipping container lost at sea off of a cargo ship so phones are. that is the news update. melissa, back to you. >> i was wondering why i never got mine, su

his small business administration chief, linda mcmahon. chatter swirling in the past several hours that she will step down from that position. the co-founder of wwe, yes, the world wrestling entertainment company, is expected to rejoin the private sector. the president, we understand, will step before the cameras at mar-a-lago in florida at 4:00 p.m. eastern. fox business has our cameras there. >>> to wall street. wall street's adding a few pages to its history book at this hour. we are looking at the dow, s&p and nasdaq. s&p is having its best quarterly performance in nine years but look at the russell 2000. the russell is having its best quarter since 2011. these are small and midcaps. it's pretty interesting to see that they are coming along for this ride. now, when we see a lot of green on the screen, it's not necessarily all lyft, just lyft or lyft at all. one single market can send the markets into a tizzy. today that word was constructive. that's all the bulls needed to hear. who said it? technically, nobody said it. but as he was l

president trump is losing another cabinet member: linda mcmahon is resigning as head of the small bunessinistration. mr. trump announced it today at his mar-a-lago estate in florida. mcmahon will now chair the pro- trump campaign fundraising group, "america first action." her departure leaves four women in the trump cabinet of 22 members. the president's top economic adviser, larry kudlow, urged the federal reserve today to cut interest rates by half a point. later "the washington post" president tweeted "the washington post" fed's rate etkes have been a mistake. meanwhile, wall stlosed out its best quarter in years. the dow jones industrial average tined 211 points to close 25,928. the nasdaq rose 60 points, and the s&p 500 added ne9. all three indexes had double- digit gains for the quarter. ill to come on the newshour: brexit remains uncertain as mier, as parliament again rejects the primster's plan. how the battles over heainh care are plout in court. why migrants are forced as flee hondurfter threats of extortion and death. plus, much more. >> woodruf as we just reported, the britis