billionaire activist investor daniel loeb has prevailed in a iaming campaign of seven & holdings.sent the critical leather to the company's board last month trying tohe ceo of oust a key company figure to make way for his son. he is 83 years old and has chronic health problems. holdings has seen a slump, but gaining ground today on the news. yesterday, the board rejected a plan to remove the 711 japan president, the key executive key daniel loeb praised as to the success of the unit. that prompted suzuki's resignation hours later. int retailing sell the most three years in tokyo trading forecastting profit by a third. a stronger yen you wrote of the and warmoverseas sales winter weather hurt demand for 's coats and thermal outerwear. it is down from the 100 billion forecast made in january. the company has bet on expanding clothing brand outside japan, opening stores from london to paris, but this has made the company more vulnerable to a strengthening currency. tell bloomberg that horizon and google could go head to head in the coming days over yahoos web business. horizon may al

the president, which would be a snub to activist investor daniel loeb.march, daniel loeb raise concerns about the health of the current ceo, who is 83. he warned against the promotion of suzuki son to the post. any changes must be voted by the board. softbank has found a way to ease pressure on its telecom units. to a newll sell a unit entity backed by softbank and other investors, then release it back. it will free up $2.2 billion, which sprint can use on turnaround efforts and repay debt. sprint has $2.3 billion in debt to repay or refinance this year, and was $12 billion over the next five years. it had $6 billion in liquidity at the end of 2015. the assets to be sold are mainly equipment. last year, sprint created a phone leasing company, helping to raise $1.2 billion. unit foughtnking buy a competitors to barclays operation. they issued a statement saying it will use its own cash for the deal, worth $320 million. asia's growing spending power has prompted banks to widen their wealth management operations. barclays is shifting its focus to the u.k. a

the portfolio, and two he was happ happy with, and we were invested together, but one of them was loeband guys like him will continue to thrive, but the rest of the industry is a shake-up. >> yes, the countdown is on. and now, the treasury yields are moving higher in view of the treasury yields, and we will go to bond pit for more. >>> and now, the stock is lower into it, and with le take the positions ahead of the results. alsoers we want to hear from go to the twitter page on halftime report to vote. is it time to buy facebook? let us know. >> the halftime report with scott wapner is the place for market-moving interviews. >> one reason i like facebook is because zuckerberg will take a risk. >> and we end the year modestly higher than we began. >> the most profitable hour of the trading day. >> don't be surprised to see a 5% or 10% move the other way, because that is what we have been having for a while. >> the halftime report at noon eastern. you both have a perfect driving record. >>perfect. no tickets. no accidents... >>that is until one of you clips a food truck, ruining your per

loeb accused the chairman of saka so hisemove i own son could take over the company.will continue to watch that meeting. bank of america says it is go it further cost cuts as reported first-quarter results, expenses down to $14.8 billion. that has helped an offset in revenue and net income and sent the stock higher for a fifth straight day. profits still missed estimates as trading and underwriting revenue dropped, and energy loans soured. the second largest bank in the united states says in quarters like this, revenue will be challenged and long-term interest rates declined significantly. moreeo says there is a lot to do and expects further job cuts. rishaad: another story we are tracking is hong kong's new watchdog, waging war on cartels. that is bloomberg.com/asia. latestrosoft's artificial intelligence experiment is causing hilarity online. ♪ rishaad: the imf and world bank say they will redouble efforts to bolster their global economy as they reiterated warnings about global risks. imf managing director christine lagarde said global sentiment is improving, but po

he saved the boat and loeb from hanging. these two boys were brilliant. they were from wealthy families and they picked up a neighbor of other mansions line the streets and killed just to see if they could get away with it because they thought they were so smart that they could come and they didn't. globe was killed in a shower stall but leopold went on to be a ringleader in the prison and he was brilliant and he worked in the lab and helped turn this drug into -- after the work was used like aspirin in the tropics. before the war, the approach to eliminating malaria was multipronged, long-term, hard. it costs money. it meant creating jobs, it meant putting screens announced after the war because with this drug and ddt which is another product that came out of the were, suddenly the policymakers and we can use these projects. we've got these magic bullets. the world health organization use them in this global effort to eradicate malaria. in 1957 resistance developed against this, and the malaria parasites so it stopped working. by 1978 it had spread throu

he is currently the john l loeb associate professor of social sciences at harvard and the codirector of the justice and poverty project. please help me welcome matthew stettin. [applause] >> you get the nice chair. you get the nice chair. such an honor to be here in this book store which is so special to the city and people who love books. it is an honor to be here. thank you everyone for coming out. good to see people i love and the audience and friends. i appreciate you guys taking time out of your super busy schedule to hear me out on this one. there are two chairs. two chairs. teachers exist. they are empty. let's do it. let's just do it. we're solving problems. .. >> >> en to try to put myself into their everyday life but i knew if i would understand this connection between housing and poverty they had to respect me sublet to eviction court as well to buy and sell property and deliver groceries and collect rents. and this is happening was coming up with the questions , often does eviction happen? what are the long-term consequences? i wanted to study to a answer the question i f

it lost its edge and t-mobile has 194 million of loeb band and we are participating in a low band rockarea it takes their old edge and we have parity with them from a network standpoint so they are attempting to create a new brand for themselves. if you look at the last three years, post hate phone since drivers, if you just assume consensus for at&t ends print, sprint has lost almost 3 million post a phones and at&t have lost 1 million and have not added one for the first quarter and verizon has added 4 million and we've added 10.5. they are trying to find a new future. we have the biggest curated concent -- content site that nobody asks for. who knows what they will spend on yahoo! and i hope they drop a boat load and run down this lane. emily: coming up, the twitter cofounder on why he is holding onto his stake in twitter and is happy jack is back. ♪ emily: boz stone who cofounded twitter was back in the spotlight this week after hitting refresh on his latest startup, jelly. it's a specific type of search engine i asked him why i would want to use it instead of google. >> it does no

daniel loeb has been calling for restructure or to get rid of less profitable units.k zuckerberg has laid out his vision for the next 10 years, and it is one that sees virtual reality at the forefront of everyday life. we thinkof the things about as physical objects today, like a tv for displaying an image, will the mobile apps and a mobile app store. it will take a long time to make this work, but this is the vision and what were trying to get to over the next 10 years. rosalind: mark zuckerberg encouraged his this is to build spots for the messenger -- bots for the messenger services. facebook also sees live video as a key factor. another story we are tracking on our website, singapore may hold off on tools forsing to save a possible brexit. have a look at that one, bloomberg.com/asia. we will talk to the chief executive of one provider about booming demand. next, third quarter -- first quarter earnings season in the u.s., the initial market reaction when "trending business" continues. ♪ this is despite what can only be described as a tepid start to the first quarte

mark: anthony, talk to me about the industry in general, because dan loeb from third point said an interestingr two yesterday. we are in the first dealings of a washout in hedge funds and he said investors have seen one of of most catastrophic periods hedge fund performance then we can remember. what is going on? some hedge funds will be able to provide uncorrelated divorce the fine sources of returns -- diversifying sources of returns. in 2014, we caught a very strong negative trend in energy markets. 2015, we saw a continuation of that trend in the energy markets and we failed to capture the collapse in metals market. we have been able to do exactly what we set out to do, providing undiversified correlated returns to our clients. betty: given the good performance, have you seen more flows going in? anthony: yes, we have. our team out here has actually never been busier, so there is a real focus at the moment and i think particularly with compressed fixed income yields. they can no longer rely on fixed income markets. managed futures, that is our specialization. again during the first two , t

>> reporter: the plastic salesman is talking about the infamous nick loeb, or as he is referred to on his youtube channel the condiment king. >> it is called onion crunch. >> the onion crunch. >> the onion crunch. >> that is why it is even more of a slap in the face because he was in the papers, on the news. >> reporter: henry and his dad hank run all-american packaging out of this office in forest hills. they say that the onion crunch king. and you don't pay your bill. company. >> reporter: onion crunch has been a customer for six years. in the past two hanks says that orders for bottles have slowed for the novelty items. >> e-mails went unanswered. you couldn't get in touch with everybody. >> reporter: in the big bill ordered for the last has gone unpaid. >> $0.12 a bottle and they ordered 90,000. >> and she was promoting him on shows like jimmy kimmel. >> the onion crunch, it is a topping that you put all over food. >> reporter: the couple since split and hank says that the onion crunch has gone stale. >> that it is worth regularly and that he could not run on the check. >> reporte

he is currently the john l loeb associate professor of social sciences at harvard and the codirector of the justice and poverty project. please help me welcome matthew stettin. [applause]

see, you got to ask yourself why there hasn't been number one, an activist involved, take like a dan loebnelson peltz, and the only thing i can tell you is there is a toxic nature to this stock even at the very low. liz: look what the campaigns have used it for, it's being used, they're having trouble monetizing. even though they start deals with the nfl. >> there are natural buyers for this thing. liz: facebook. >> google. start with google. and that's a natural buyer. but let's be clear, google has a partnership with twitter already. liz: does dorsey survive? >> make this point, why isn't google buying? because they have the partnership, which i think they think is good enough. why isn't facebook buying? you know, listen, here's the problem they think twitter has. who's going to -- you need another -- you need someone to step in and buy it and put a name to it. you need like a steve jobs. dorsey and costolo and these guys are not steve jobs. i'm reading the isaacson-jobs book. liz: came out a couple weeks ago. >> it's about this thick. it takes a while. it's taken me about a month, it's

. >> britteny: the rest of tonight lisa loeb a patchy fog and then close to the week and pereira quarter 74 degrees in sunday's like cooler on monday and then temperatures restart warm-up and next week. stay connected with kron 4 and get latest news developments at kron4.com or download one of our mobile apps. our next newscast is tonight at 8 o'clock. see you then. >>> "the insider," counting down the biggest stories tracking toda number one, the calculating kardashians at it again. >> we come under fire all the time. >> from kim's racy selfies to lamar and kaitlin back in the news. why is it that we can't get enough of the family? >>> and iggy azalea's fiance is in the hot seat. is a secretly are recorded cheating video theend? >>> and number three, prince william, a knight in armor. why his duty first self second kindness now touching the world? >>> plus our "insider" bonus, reality mom kendra w underattack? >> your mother is going to be comin with a tell >> my exclusive sit down with her. >> i prayed that she doesn't write this book. >>> now hollywood f the inside out, it's "the insi

his rise is seen as a vindication of activist investor daniel loeb.test trade dana at japan will give us an indication of the economy's condition. weighed onyen wa exports. we will get a glimpse of how the commodity sector is faring on bhp billitonn gige killingto reports. on friday, the latest check on we will see if china's crack down on excess is deterring gamblers. with has been struggling 22 months of slumping revenue as casinos turn to the mass market. senators have returned to duty they couldwo bills give the government a trigger for an early election. pass either will result in both houses being dissolved and elections in early july. how likely is this early election scenario? this will be an interesting exercise in self-preservation, because it is up to the senate to pass this bill. if it does not get passed, the government has a trigger for dissolving both houses of parliament. election, only half would be elected. the failure of these bills lies in the hands of 6-8 senators from small parties or independencts. an election is held, it is lik

organization and the speakers will include again, doug klos egan but also people like arthur brooks and diane loeb from one side of the spectrum and you will be hearing the business and economic case. the issues that a range of researchers found is that first of all, making sentences increasingly longer has rapidly diminishing returns in terms of deterring crime and also in terms of keeping someone off the street from committing crimes because older people are much less likely to commit those crimes. at the same time, it can have substantial collateral damage, reducing the skill someone has and us the ability to get a job when they come out which can actually lead to more recidivism and more crime . having a devastating impact on the family of the person , on their children and their economic mobility and economic future. and if you just do , without even counting those collateral benefits, the council of economic advisers is surely going to be coming out with a report on that topic and the report finds that if you increase spending on incarceration by $10 billion a year , that would result in net