chief executive marissa mayer says chief operating officer henrique de castro is leaving the company. our senior west coast correspondent john ehrlichman has the details. any reason for the sudden departure? >> i think this is a reminder that there are still some struggles for the yahoo business. we have talked about this being one of the hottest stocks around over the last 12 months and the fact that they have a prized position -- possession in their stake in ali baba. it is very difficult these days when you're competing with the likes of google and facebook. that has shown up in their numbers, the operational performance, and this is the operations guy. this is somebody that marissa mayer did know from her time at google. >> do we know whether he went on his own, or was he pushed? >> well, we know this is somebody who got a lot of money.

how does this reflect on marissa mayer? higher top-d to notch people, but we are waiting for them to put a business model on the table that creates real excitement for yahoo!. the buck stops with her. person may make everyone feel better in terms of isating energy, but the fact where is the new business model? where is the sizzle that is going to make it more exciting? >> let's move the focus more broadly to the valley in general. do you feel like there is $109 million for 14 months of not good work -- is this indicative of a race for talent that has gotten out of hand? people are throwing around money and it needs to come back down to earth a little bit? >> i could not agree more. i kind of trick is something that you would've expected on wall street. not out of silicon valley. what you usually count on them doing is coming up with some ingenious idea from surprising people. it is not hiring all-stars. it is the person who suddenly stumbles on something. there is a culture that enables that idea to grow and achieve some no

ceo marissa mayer giving no reason for his departure.ds another should down including $tuesd. it's thursday, january 16th, 2014. "squawk box" begins right now. >> good morning, everybody. i'm becky quick along with joe kernen and andrew ross sorkin. blackrock reporting better-than-expected earnings this morning. the company raising its quarterly dividend by about 15%. blackrock's chairman and ceo blairry kimp king is whichever thattette gob on. what a megs al ya should. the ceo marissa mayer said she fired enruqui de castro. he was her first major hire. made $632 milli million. the financial times reporting

marissa mayer is some and we will continue to watch out for. "bloombergctic rag, businessweek" writes on technology with a real economic view. were you surprised at this? i've heard a lot of constructive criticism about the marissa mayer regime. are we surprised that he castro is out? >> i'm surprised by him having to leave, but i'm not surprised with are having trouble. everybody likes marissa mayer and says she's doing a good job. she's doing a good job with the company that i'm not completely sure what the company does or what yahoo! is for. it is hard to explain how they're going to make money other than as a media company. she has been hiring a lot of journalists. it looks like one strategy is to attempt to become a real news organization. kind of a mugs game. it is hard to make money off of news. disparatethese properties. it is not clear how they come together. there to -- chasing page views. as rates decline or fail to rise with need, it is not at all clear what the company is going to make money with. >> calls it "global internet neede

marissa mayer struggling to turn user growth into our dollars. -- into ad dollars.toryis a revenue growth -- >> except there is no revenue growth. >> investors have been waiting for yahoo! to figure out how to monetize its users. we know digital advertising is growing 15% a year. yahoo! and aol are unable to take advantage of that. marissa mayer is starting to feel some pressure now that she is a year-and-a-half into her leadership of the company. >> we saw alibaba results, they are trailing. take 51% yearwill over year. slower than it has been. -- of whate signs of that business is showing. in terms ofow revenue growth in the third quarter, they report one quarter in arrears. people feel very bullish about alibaba and e-commerce overall in china. ali baba is the place. the valuation associated with the ipo, whenever it may come in 2014 continues to be the driver. >> people say mercer mayer has turned around this company when they look at the stock price, not the results. you really see the financial -- youd sharing of lope really see financial engineering of dan lo

marissa mayer is starting to feel some pressure now that she is a year-and-a-half into her leadershipf the company. >> we saw alibaba results, they are trailing. 51% growth, i will take 51% year over year. slower than it has been. showing some signs of -- of what that business is showing. >> it did slow in terms of revenue growth in the third quarter, they report one quarter in arrears. people feel very bullish about alibaba and e-commerce overall in china. alibaba is the place. the valuation associated with the ipo, whenever it may come in 2014 continues to be the driver. >> people say marissa mayer has turned around this company when they look at the stock price, not the results. you really see financial engineering of dan loeb. >> they are to monetize part of their investment in alibaba last year. they did a good job of returning proceeds to shareholders, they have done a good job from that perspective. if you look at the stock, it is a complete bet on the value of the ali baba ipo. no real improvement on fundamentals, marissa mayer suggests it is a "multiple your turnaround." >> n

marissa mayer. randall stephenson. they talked about everything from the future of technology to the nsa. i want to bring in our editor at large cory johnson. good to be in the same place now. >> we have been in separate places for a month. [laughter] >> one of the interesting things about the nsa, the tech leaders pointing fingers squarely at the government. >> it is interesting. certainly sac,o, and yahoo! as well getting these requests from the nsa. here they are at the world economic forum talking about the impact on their businesses. could askd if you president obama one thing, what would you ask for? let's look at marissa mayer. >> what one thing would you ask president for? >> transparency. so users understand the background requests we are getting and how that data is going to be used. we need to be able to rebuild trust with our users. trustyou think that the has fallen because of this? >> i definitely think so. not only within the u.s., but also internationally. me there are other countries that have concerns

. >> please welcome marissa mayer. [ applause ] >> reporter: for yahoo ceo marissa mayer it was an hourf geek talk and star power boasting 400 million users every month, yahoo is launching contextualized home streams, basically apps that rearrange themselves based on your location like the gym, grocery store or the office. >> think about how much your phone understands about you -- your location, your contacts, your calendar, your emails. and now, imagine what happens when that context becomes part of the search experience. the future of search is contextual knowledge and we are investing to be part of the future. >> reporter: remember the startup that yahoo bought last year from a 17-year-old boy for $30 million? it's launching its yahoo news digest. yahoo sees itself as a content creator, for example, hiring katie couric to conduct and broadcast exclusive interviews. >> and we're also in the process of reimagining, i think, how we can take both original and curated content and deliver in a much more thorough and useful way, particularly on mobile devices. >> reporter: to drive home th

. >> an old colleague of marissa mayer. they worked together. it was a big higher. -- marissa mayer made it clear this was her choice. i want to read this statement. during my own recollection, she says, i made a difficult decision than our coo should leave the company. i appreciate his contributions and wish him the best in his future endeavors. and makes you wonder what happened. she did know what she was getting. today have to do with the personalities? does that have to do with the numbers? >> the numbers do not help the situation. the ad revenue has been down year-over-year. the share is down to five percent this year from 5.8%. google andike facebook have seen their fair share increase. something was not clicking. i will give her points for calling it like she see that. sometimes you see reorganization. maybe the guy goes to lead innovation or something. >> creative differences. >> she is admitting that it was the wrong decision. moving on. >> that is to her credit. what might be to her or the board's demerit is what he is walking away wit

the decision by marissa mayer was to say, i will go with the team that i have. yahoo's story has been one with a lot of positives. they have been red hot, marissa mayer have done a lot of interesting acquisitions. she has brought in fresh talent. they have brought in people like katie couric. they have a very valuable asset in ali baba. when you look at their online performance, you do not see a lot of change. when they last came out with their quarterly results, there was disappointment among analysts about performance. there was a decline. in the most recent quarter, 420 million. the story has been a similar struggle. the search relationship between yahoo and microsoft, they are still trying to figure out how well that works. the bottom-line is that google is the big search engine in that category. they continue to be dominant. yahoo is trying to figure out its story. the performance is not there. de castro is not there either. >> let's talk about the people she has added in the last year. who are today, and how does she fill this role? >> she likely feels ok

offer.ft fax ericsson's marissa mayer's -- microsoft backs eriksson's offer. >> happy birthday, kate.is supermodel is still on the top of her game, and while some of the biggest rant still think she is the face. good morning to our viewers in europe. good evening to those in asia, and good morning to those just waking up in the states. >> this is the pulse. >> we begin with the latest in microsoft's search for a new chief executive. they seem to be considering the ericsson ceo. hyde towards us with the details. amsteve balmer has said, i annexed chief executive by august. they keep adding people to the mix. the ceo could be considered. he is young. he is driven. he is motivated. he is a sports man. he plays handball very well. he is the chairman of the swedish foundation. playerse so many running for the job of ceo who are internal. as is the man brought over from nokia, stephen elop. still plenty of people in the running. stberg could doe a good job. it is interesting because names drop out, and names drop in. if they are going to overhaul, it is the least easy job and he ceo has. it

marissa mayer said transparency. yahoo! a number of companies have been asking the government permission to be more transparent about the data request they are getting, but marc benioff turned it around a little bit. >> transparency is not just about the government. it is also about vendors. vendors have to provide complete and total transparency themselves. they also cannot pick it all on the government. -- they cannot pit it all on the government. >> what do you make of him saying that? >> all three companies on that panel have had to deal with government requests to get information from those companies. in the case of at&t and yahoo!, in the case of cisco about technology. salesforce has not had to deal with that. i think he is in a rare position on that panel to make that request. >> did benioff have a point there? should we be looking at the companies' policies as well as the government policies? >> absolutely. benioff made a great point. it was excellent of him to say that. large companies like google and yahoo! get r

have a marissa mayer different strategy than the one described by henrique de castro?e a different focus? --i think that there is obviously, a lot of things are happening at yahoo!, bringing in fresh talent, interesting acquisitions, small ones to get talented people on board, and other ones to get other strengths, like the purchase of the name ofin trying to build this business, make yahoo! relevant, and find new advertising dollars. as i said, the platform that is yahoo!, despite having hundreds of millions of daily users, is trying to find its place in this new world of searching on our phones, social media, not really a big presence for yahoo! overall. i think that is the name of the game, figuring that out, and maybe it wasn't getting figured out enough fast enough. >> the chief operating officer, henrique de castro, leaving yahoo! thank you, jon erlichman, our senior west coast correspondent. have you ever wanted to hit your head against the wall trying to get through to customer service, a live human being? we will talk with executives from a company called geth

marissa mayer struggling to maintain market share.her ability to renewinground -- questions over her ability to turn it around. tom orlik with us as well. yahoo!'s display ad business keeps falling, is it too late? have marketers stop spending because sales are falling, sales fall even more? >> if you look at the stock chart of yahoo!, greatly divorced from the revenue -- >> sure, because of alibaba. >> because of u.s. investor incitement -- excitement about the potential of alabama'ibaba'. growthsee a big piece of and yahoo!. yahoo! has spent over $1 billion -- $1.5 billion in acquisitions in the last three year, get revenues have failed to grow for four quarters. we saw a 2% decline in revenues year-over-year. the business slows down, they are spending over $1 billion to try to grow revenues. >> what about the purchases in asia? the investments in ali baba and yahoo! japan have paid off. tom, you live in beijing and you use ali baba. a combination of ebay, amazon, paypal. is it impossible to avoid? ubiquitous, 70% of packages throug

ceo marissa mayer. they worked together for a long time. he was a big higher and so long. -- a big hire. >> i want to read a quick statement from this. it has been a widely reported memo. i made it difficult decision that the coo should leave and i ique'siate henr contributions and wish them the best. it has to do with personality and the numbers. >> the numbers don't help the situation do they? they have been down year-over- year and the share of the ad 5.8%t is down to 5% from while google and facebook have seen their shares increase. clearly something was not clicking. i will give props for it doing it as she sees. like sometimes you see creative differences with the bands. >> to her credit, she was admitting it was the wrong decision and moving on. >> what might be to her, or the demerit is what he's walking away with. 14 months on the job -- $109 m illion. >> 109 million dollars for 14 months on the job, severance for yahoo!, his bonus, salary, stock . >> continuing to get paid even though he does not work there anymore. >> had to the

marissa mayer fires his first in command, you're out of here.investors now worry about the earnings and the turn around at yahoo!? best buy's holiday sales failing to impress. jcpenney shutting 33 stores. are we now seeing the reshaping of the entire shopping industry as we know it? and auto sales have had a great year or so. but is the honeymoon over? a new survey suggests one key demographic is not buying. what this might mean for automakers worldwide. scott, back to you and "halftime" team. >> thanks so much. let's head back over to the market flash desk now. the domino is always watching. what does he see? >> scott, we're going to begin with nu skin. china is investigating the company's business practices. the company says it's an inquiry, not an investigation. the stock up 113% over the last year. again, nu skin in focus. dragging down other multi-level marketers as well. think herba life also moving lower on that bit of news. on the flip side, tyson foods, this after reports that reuters is saying that the company was considering buying mi

marissa mayer. is this the end of the line for mayer?sse of "fortune" magazine has more on yahoo!'s future. is this a defining moment for marissa mayer? >> it's definitely a defining moment for marissa mayer. you ask the question that everybody is asking, is it the end? and it's the wrong question to ask. marissa said, give me a few years and we're only 18 months into her tenure. we've just hit that point where people are asking, what are you doing and is it working and if anybody saw earnings this week, you really have to ask that question because we didn't see the progress that many of us had hoped to see with the company. so -- >> what has mayer done? go ahead. >> i guess, you know, the question that one might ask is what has she done right? i've actually been into the company fairly recently. >> right. that's what i was asking. >> right. so the answer is, she's done a heck of a lot of things right. she's really energized the place. she's totally turned around the culture. she has taken a group of folks who were bummed to come to work

it was a big higher. -- marissa mayer made it clear this

some of the moves that marissa mayer has made have been very expensive.hey have yet to show any results. >> what can she do about this hole in her see suite? it seems like she will be taking on a lot of responsibility. what does it mean when a ceo is personally doing what the coo should do. >> these jobs are different in every case in the way that those job responsibilities are delineated. there are so many people who used to work at yahoo!, myself included. i think a lot of people in silicon valley root for the company because they have some memories of the place and want to see it succeed. people talk about yahoo! as though it is hewlett-packard, as though it is part of the ancient value. so many people have been in and out of the revolving doors that i think before that in santa clara that you have a lot of people rooting for the company and is trying to find a way. somebody will walk in eventually. you have to vote on 10 short years. >> it is funny and talking with new employees at yahoo!, old .mployees at yahoo! they say the energy is different. how

ceo marissa mayer, salesforce ceo marc benioff.y covered everything from the nsa to the tech industry at large to what technology has changed their lives the most. i want to bring in nicholas thompson, editor of thenewyor ker.com, as well as cory johnson, our editor at large here. marissa mayer talked a lot about the mobile business, how mobile traffic will surpass desktop traffic by the end of this year. she also made an interesting comment about hiring. let's listen to that. >> a lot of it comes with people. it is a matter of hiring the right people and making sure that those people are really informed. very transparent. we do things that are considered kind of crazy. >> let's focus on the context because she just fired her top lieutenant. >> they are hiring the right people, right. yahoo! must be looked at as nothing but a turnaround right now. products a couple of people are hanging onto with yahoo! mail and the homepage, but she does not think the team at yahoo! is the right team to do that. >> what do you think? >> i think th

coming up, 18 months into the job and the outlook isn't good for marissa mayer and yahoo!.e will tell you why investors sold off in extended trading after the company reported results yesterday that is next. ♪ >> welcome back. i am francine lacqua in london. here are some companies on the move. novartis profits missed analyst estimates for the fourth quarter. the european drugmaker was hurt by emerging-market currencies and strong swiss francs. novartis is seeking to replace its best-selling drugs which are starting to lose patent protection. nintendo's third-quarter income dropped 77% as christmas shoppers shunned its console. the company said it would buy back shares for as much as ¥125 billion. nintendo shocked the market when it forecast a surprise annual loss and said it is considering a new business model. lenovo is said to be ready to pay an unusually large fee to ibm as it fails to acquire the low-end server unit. lenovo will pay a so-called reverse breakup fee, about 8% of the $2.3 billion price for the unit. normally deals like this are about pre-.5%. the ibm unit

among the other products that are coming out, we're also hearing from some of these big ceo's like marissa mayerof yahoo. how was she received this week at ces? >>she was received very well by the crowd and online. she trended in the top 10 of twitter immediately. marissa has been turning around yahoo. she has been rebranding the company not just as a web search solution but as a media powerhouse. there's been a lot of high profile names that they've been hiring over the last couple of months including katie couric, david poe from the new york times. so they are really on fire. they're doing great. there's a lot of buzz here on the showroom floor and in the twitterverse about marissa and what the future of yahoo holds. >>what trends are emerging at ces this year? >>i mentioned a couple like wearable tech and connected devices. convergence is another great one. these areone product that can do a number of things very well. for example intel has had a really busy booth with what they call 2 in 1's. these are laptops that turn into tablets. i've got one in front of me as an example. this is the del

clearly the public perceptions of marissa mayer and yahoo!and a half have been i think overwhelmingly positive by and large. but what we have seen is an increasing focus on the i'd say eroding and lackluster at best fundamentals in the company. people have been emphasizing the tremendous value in some of the asian assets including the aforementioned alibaba group. but the reality is i think people are growing uneasy and uncertain about the future of yahoo! even with that investment. >> let's talk about alibaba in a moment. ben, let me just ask you about where we are with marissa mayer and let's not forget that she kicked out one of her friends in running the company coo recently with a $110 million payoff whatever it was. rbc capital is saying there is a window of opportunity to innovate in the way that twitter and facebook are innovating and that window of opportunity is closing quite rapidly. would you agree with that, ben? >> yeah. generally i think that is fair. but, you know, the reality is don't forget the stock and that's what we care

ceo marissa mayer brought him on board and this week he revealed the new yahoo! he's been working on. she's acquired dozens of start-ups and young entrepreneurs with them. like the yahoo! ceo i'm biullis on millennials. no celebrity represents millennials like dunham. her business is all about lost 20 somethings and business is good. >> everything has been so terrible and painful in the last few months, leading me to this point. >> award winning show, a multi-million dollar book deal, and a whole lot of buzz, all by age 27. >> everything actually is awesome for me. >> inspired by her own post-college aimlessness, lena dunham wrote, directed, and started in "tiny furniture." it won praise on a indy circuit and best narrative feature at the 2010 south by southwest festival. >> how do i look? >> reporter: two years later dunham hit it big with "girls," creator and star working along side comedy director and producer. the hbo series tells a story of 20 somethings struggling to get their lives on track in new york. >> and then i am busy, trying to become who i am. >>

marissa mayer has been working to revamp yahoo! to compete with google.rendan greeley writes about technology. he talks on "surveillance." >> i am not surprised they are having trouble, everybody likes marissa mayer. she is doing a good job with a company -- i am not sure what the company does. i am not sure what yahoo! is for. it is hard to explain how they are going to make money other than as a media company. she has been hiring journalists, it looks like one strategy is to attempt to become a real news organization. we know that it is really hard to make money off of news. they have all these disparate properties, it is not clear how they come together. they are chasing page views. as page view advertising rates decline or fail to rise with me, it is not clear what -- how the company will make money. >> bloomberg terminal calls yahoo! "a global internet media company." >> that means anything and everything. >> my question is how much time does she have, when does the pressure start to ratchet up, these can go on forever. they try strategy after strate

marissa mayer, just on that web cast right now. it's just starting. there's footage of it. she looks very excited about her quarter. >> is that sarcasm? >> yes. >> come on. >> it is what it is. we'll bring you the updates as we have them. josh lipton is monitoring the exciting web cast here. >> i think you buy it here. there's a lot of people out there that have missed this move. they want to get in with ali baba. now, you have it down 5%, 6% in the after-hours. down 3%. now, it's chance to get in. you discounted any weakness there. >> i want to play the space through google. i realize it's an ali baba story that's the tail wagging the dog to look at the search part. but google, reporting thursday, i don't know if this is a sign of more share that google has taken away. that would be a good thing. however, i did sell some out of the money googles 1160s today. they expire on friday. this just captures earnings. that's where the stock peaked a little over 1160. so, i'm expecting good things there. but i will be upset in a blowout quarter that i sold. >> we'll monitor that web

is the honeymoon now over for ceo marissa mayer? coming up, we'll hear from somebody who says mayer's time at yahoo! may be running out if she doesn't produce results. your best tweets will be revealed later on "the closing bell." >> @cnbcclosingbell is the way to reach us. it's all coming up in about 45 minutes. keep it right here. you're watching cnbc, first in business wordwide. ldwide. here's a word you should keep in mind "unbiased". some brokerage firms are but way too many aren't. why? because selling their funds makes them more money. which makes you wonder. isn't that a conflict? search "proprietary mutual funds". yikes!! then go to e*trade. we've got over 8,000 mutual funds and not one of them has our name on it. we're in the business of finding the right investments for you. e*trade. less for us, more for you. the fund's prospectus contains its investment objectives, risks, charges, expenses and other important information and should be read and considered carefully before investing. for a current prospectus visit www.etr

marissa mayer managed to increase users at yahoo! -- 20%. not so with sales. she is not managing to bring in the advertisers. they are going to google and looking to facebook to advertise rather than yahoo!. what is she doing wrong and what is she is trying to do to turn this thing around and why she is not employing -- operating -- a new operating officer. we get more concerns about ukraine. investors itells is now a good time to buy ukrainian debt even if protesters are celebrating the prime minister's resignation and promised to push on with the campaign to topple the president. >> thanks. >> more on yahoos latest earnings. we will see if your a semi or can turn the company around after more than a year and a half at the helm. ♪ >> time for today's company news. mercedes-benz has left the company for personal reasons. andad the job for a year was in target to meet the 2014 2 billion dirt -- 2 billion euro target. a former foxconn detective -- executive was detained yesterday. he was the second former employee held in investigation for brought -- bribe. alle

marissa mayer has been revealing parts of her turnaround plan in recent months.katie couric and david poe. even celebrities could not hide the decline in yahoo!'s biggest advertising segment. for more on yahoo! and worm or a summer i is taking the media division, i want to bring in john ehrlichman in l.a. and bringing in jose antonio vargas. you, of course, have reported for the new york times, the huffington post. i want to begin with jon. give us your highlights on yahoo! numbers today. >> i think you saw more of the same. this is a company that iterates consistently $1 billion dollars, sometimes more every few months. you look back over the last few years and that is when you have not seen growth. there are two takes. you could say this is a business that has a huge valuable asset in its stake in ali baba. without that, we would be asking more questions about the gross story. the flipside is maybe that is a question for them. maybe they can take more risk. some might say that marissa mayer is trying a lot of stuff. could she be trying more stuff? does she have

as envisioned by marissa mayer seems to be working.ble to be by about 30% on the earnings line assuming these are apples to apples comparison. inrevenue out with quarters a row of no revenue growth. that's about managing wall street. if your revenue is not growing out all -- i will look at how earnings-per- share ended up so much better. >> that's interesting. intuitively, you would think yahoo! would be a place that people would want to go and hang out. it is lots of interesting things to clicked on versus google inch is basically putting your search term. in terms of search, it is such an uphill battle for them. >> we do not say that i will yahoo! you. we say we will google you. >> when you become the verb. >> they have to put so much money into the content. it cannot be cheap. >> she was not. more aboutmay learn that if we see the actual number there. >> will that equate into collects the? -- into clicks? >> it's one of the most important things on the web and elsewhere, not just getting the person there but keeping them there. >> t

ceo marissa mayer gave her keynote address.he outlined her company's plans for the year including new apps, sites and acquisitions and, of course, she talked about mobile. >> this fall for the first time ever we surpassed more than 400 million monthly mobile users, excludeing tumblr, that's half of the 800 million total monthly users we see on yahoo's core sites. mobile has made our daily lives more consistent, more convenient, and more inspiring in ways we didn't even think possible ten years ago. >> it's all about marketing at ces and they got their money's worth today, cover of the money section of "usa today" as mayer puts on a show, jim. >> yeah. she's heir apparent to the jobs show. people are riveted by what she says. i don't think it's that shocking that mobile's that strong. these are all part of the gigantic transmobile, social and cloud that have infected our stock market. and if you have mobile whether it be nokia another "back frof the dead" stock or when it be google which has been an incredible performer or yahoo

ceo marissa mayer made made $114on, he million just in those four months. salary, bonus, stocks. what gives? that's a lot of money. >> it is a good year's work. i love about what marissa is doing at yahoo! is she has modernized the company. she is focused on product. she is brilliant at that. >> but the numbers aren't working. is turning it around. i love what she is doing at yahoo!, and i love the direction the company is going in. they are working harder. parking garagehe and it is not empty at 4:00 in the afternoon. what she also has, i'm not kidding, she is hot thomas and that helps. there was a study by the university of wisconsin that said that good-looking ceo's help the stock performance over the short-term. ballmer,ook at steve he was sweating and jumping all over the stage. >> he was hot. >> you are talking about microsoft having all this cash. you are doing a set up where you my friend is overweight and boring, but he is rich. >> what about buying all these companies. is that the right move? small companies have great ideas and they are going to be putting in the extra

marissa mayer's is suffering from that kind of change -- marissa mayer is suffering from that kind ofnge. different story for facebook. >> facebook has done an amazing thing. they have taken a business and mobile computing where they had virtually no presence and now they are doing probably over 1.5 billion a quarter. that is what we are going to find out. bruce, when you look at the way these companies can change so quickly -- you build big properties around big anchor tenants. do you try to imagine the risk you take on by signing up companies where their fortunes might change? >> we do. financial services is the best example. we all signed up financial services companies and they all went away. it's a big risk. it is very unpredictable. onryone would have been lehman brothers and bear stearns. >> they own their headquarters. 3000 fromast about us. jason took it over and you have to factor that into the number. sit there and risk it on the spreadsheet and say it has a 6% likelihood of going up? >> want small tenants, big tenants, technology tenants -- you don't have that much choice

i want to know what marissa mayer was wearing, thank you.'re such a boy, purple. >> google offering a new way for employees to get to work. >> the tech giant running a ferry service up and down the peninsula. "today in the bay" bob redell live by san francisco. ferry building with details. >> reporter: good morning. this is in addition to google's charter bus service that's been running for some time, catching flak in the city, starting they've chartered a catamaran, ferry that would shuttle employees between here and the port of redwood city aw short drive from the campus of mountain view. the catamaran provided by the manufacturer will do two runs in the morning, two return trips in the afternoon. capable of carrying almost 150 employees on each run. google is running this now on a trial basis. the company saying it's trying to find alternative ways to get employees into work, that it doesn't want to inconvenience people here who live here in the city. google's use of charter buses, for its employees, irked some sf residents so much so the

pressure mounting on ceo marissa mayer on earnings which comes after the bell. as a cnbc panel last weekend, marissa mayer explains the firm's strategy. >> for us, 2013 was the year of investment. we made more than two dozen acquisitions. they were all small acquisitions and in most cases with the exception of tumbler and so that the value for us is, you know, two dozen or more entrepreneurs who are bringing new ideas, fresh technology to the problems that we work on each day. and so that was 2013. i can't really comment on 2014 because my earnings will be released on tuesday, as well. >> dan, what's going on with the core business? clearly, trends are declining. i mean, first of all, are you approving of this move to make yahoo! a content business? >> i am. i think the strategy is the right one, moving more to mobile and more towards media and they certainly have begun through acquisitions and through some strategic hires to pursue that strategy more aggressively. i do, however, wonder about some of marissa's most recent moves, for instance, the hiring of katie

and this is going to be a far-reaching speech by marissa mayer. under her. it's been, actually, an amazing rise for the stock, up about 150% since she took the reins back this july of 2012. there was many questions when she came into the job whether or not she could turn around a company that was troubled and was struggling and especially during the recession, but now the stock, as you just saw on your screen, it is doing incredible. >>> well, the closing bell's about 18 minutes away, and coming up we're going to head back out to las vegas. liz is hanging out with somebody i personally can't say his name correctly. i say 50 cent. anyway, she's going to be talking to curtis jackson when we come right back. stay with us, closing bell will return this just a couple minutes. ♪ there are. ♪ [ doctor ] and in a inical trial versus litor, crestor got more high-risk patient bad cholesterol to a goal of under 100. way to go, crestor! yh! tting goal is a big deal, especlly if you have high cholesterol plus any of these risk factors. because you could be at

is this a black eye for marissa mayer, senince it was one of th first high-profile hires she had?> people have argued, what are you buying the stock for? is it a turnaround story or the alibaba stake. i've sold 80% of what i owned around the levels because i felt it was feeling a little too toppy for me. but i own it specifically for the alibaba. i wanted to keep 20% in case this has a blow off top. >> he's not doing what she wants and she's moving quickly, it's a sign of strong management. >> it's good. >> possibly. >>> let's move to apple here. apple announced the company will be shipping iphones to china mobile. tim cook exclusively to cnbc in china. >> it's a watershed day for apple. it ee's a huge announcement. i'm honored to be doing business with china mobile. they have the largest network. we're impressed with them. we have deep respect for them, and have had since the very first discussion that we had together. we see this as bringing the world's best smartphone to the very largest and now the fastest network in china. last year, we were able to work with the government a

internet firms featured prominently with keynote speeches by marissa mayer and dick costello. jpmorgan will reportedly pay $2 billion to settle charges it failed to warn about bernie madoff's ponzi scheme. jpmorgan was madoff's primary bank for years. reports say the bulk of the fine go to his victims. >>> the market saw the first negative start to the year since 2008. the big focus will be friday's u.s. jobs report. look for data today on services sector and factory orders. betty? >> thank you, courtney. >>> this crop circle, check it out, in california, managed to confuse and mystify the curious, but actually a ruse by the company novidia to show off a new processor making its debut at ces. >>> just ahead, nfl action and how silence can actually cost you. >>> plus, taking the scare out of catching air. that's next. >>> well, coming up this morning on "today," the squadron behind marine one. a rare inside look at the exclusive handpicked team responsible for flying the president of the united states. >>> all right. let's get to some sports action. it was just five degrees at

the first being marissa mayer today and justin bieber last week.ry tough for you. >> it is. >> here's how i look at it. alibaba, their revenue growth year over year slowed by 20%. that's significant. pricing is coming down. i think we focus too much on what that means. that's already in the stock price. alipay, that's in the valuation already. what we've got is a ceo who is over a little bit. she said the head of sales who she hired doesn't fit. now she's taking over the sales role. watch out. she's never done it. you've got a declining company here with declining metrics and market share in growth. despite the 10 million people they added prices are down. they're not worth that much. >> where he's right, judge, maris isa mayer has to perform here. revenue has to pick up. they're going to do it -- >> how long have we been saying that, though, doc? >> you do have the embedded put here. the put is alibaba and yahoo! japan. >> what if the franchise goes down you're more than comp is it for that put and you don't know what alibaba -- >> i think alibaba

marissa mayer isn't perfect pap hire and then a fire. all those and more. lunch" in the meantime. >> mandy, thank you very much. >>> google's founders amassing an impressive collection of private jets. their problem is, where are they going to put them all? how about building the biggest private air terminal in the world? they have the money to do it and josh lipton has the latest. hey, josh. >> reporter: sue, yeah. google's founders larry page, serge brynn, eric schmidt, prime land at the international airport. learned from sources groundbreaking begins in february for a new jet terminal serving google's founders. the $82 million privately funded project is expected to be completed by the end of 2015. signature flight support, a company that manages corporate aircraft will build the facility in partnership with blue city holdings. that's a corporation representing the personal aircraft of google's principles. industry experts tell us this hangar to woe terribly accommodate 60 aircraft. at the end of the day, it's money and jobs for san jose. more revenue f

kiet do live at yahoo headquarters down in sunnyvale with more on marissa mayer's plan for the future>> reporter: good morning. yahoo definitely looking like the comeback kid. yesterday, they had an hour long keynote address that clearly defined what they do now and what they want to do. theft capitalizing on 400 million mobile monthly uses with digital services and apps. remember stumbling they bought it a year ago it condenses news article they bought it off a 17 years old for $30 million. it is now launching as yahoo news digest. yahoo also announced contextualized home screens. basically, relevant apps appear on your home screen depending on where you are like the gym, supermarket, the office, et cetera. yahoo also sees itself as a media and entertainment company. and content creator, mixed in with star power and humor to drive the point home. >> think about how much your phone understands about you. your location, your contacts, your calendar, your emails, and now imagine what happens when that context becomes part of the search experience. the future of search is contextual know

you would have been much better off to buy the spiderreturn 25% but look at marissa mayer and look at meg whitman. they are doing it. scott: i'm not gonna touch this with a 10 ft. pole. all i can say is these 3 things: 1i'm sorry. 2it's my fault. and 3it'll never happen again. that's how i steer clear of that question. angie: moving on to topic number two: ford in chinahenry ford back in the day said it was better to pay higher wages because that leads to more profits. so what do you think is better here? to maybe buy an etf in china or to actually buy ford stock? scott: i'm gonna stick with ford stock. i'm not really trusting of china and their numbers at this moment in time. i'm also leery of their banking system. ultimately ford was judged during a different time and i think that today's ceo alan: he paid double the wages so people could buy more fords. they can't do that in china. they can't afford to pay those people so they can buy goods. we are the consumer of their goods. scott: you're right so, the government should just ultimately decide what we pay our ceo's alan: my answer

marissa mayer of yahoo was optimistic when she called 20-14: "the tipping point for the internet." and... j-p morgan ceo jamie dimon spoke up about the bank's recent 13- billion dollar settlement. dimon called it "unfair" and said the mortgage deals that got the bank in hot water happened before j-p-m was in the picture. toyota is the world's top selling automaker. the japanese car company outsold gm by 270,000 cars and trucks last year and intends to sell more than 10 million this year. no automaker has ever had worldwide sales of topping 10 million. shifting now to general motors...mary barra-- the new head of gm says in her first interview as ceo, she hopes to revamp business in europe and improve profit margins, adding that gm's chevrolet and cadillac brands need a revamped image. cadillac just revealed it will increase the price of its new escalade by a hefty eight- thousand dollars, due to upgrades. tesla's model "s" cars go on sale in china...and the price tag is 50% higher than in the u.s. the car company is charging $121,000 for its luxury sedan as it tests the demand for

. >> i read a lot of stories about marissa mayer, yahoo! and various other tech titans.ut i guess i want to come and close on this. was it in part disillusionment with journalism that prompted you to leave what was a pretty nice job in new york and go up to canada and run as a party member? >> not disillusionment, but it was a desire to move into the world of being a builder. and trying to do contractive and positive. so yes, that -- >> as opposed to tearing things down? >> no, moving -- no, not so much that, but as you pointed out, there is an element of being a critic and certainly an observer, which is an essential part of being a good and honest journalist. and i really think there's some big problems we faced right now. as you know, my work has focused a lot on the hollowed out middle class and the way the 21st century economy is working differently. and i felt maybe there was something i could do to help come up with a solution. >> a good note to end on. thanks very much for j checking in with us from toronto on your new life. >> pleasure. >>> coming up, a former "

big names have taken the stage, including marissa mayer. she has made it clear that yahoo! is making a big content push. sony ceo also unveiled some new cloud-based gaming services. it will be coming later this year. take a listen to his pitch. >> in japanese culture, we call emotional involvement. stimulate an emotional response. the power to make people say wow . all sony projects must be inspired. >> that was sony ceo from las vegas. we will have much more from the consumer electronics show later this hour. i want to talk about facebook's mark zuckerberg and evan spiegel. about theiralk relation status, you might want to call them for an emmy's. spiegel tweeted a screenshot of his private e-mails with mark zuckerberg. the e-mails were from last year. mails, he makes clear that mark zuckerberg initiated contact. --shied away from going coming up to silicon valley to meet with mark zuckerberg. i want to bring in david kirkpatrick. you wrote the book on facebook. you know mark zuckerberg very well. we spoke last week about this brashness of evan spiegel. what do you think a

said 2014 would be the year -- marissa mayer of yahoo! said 2014 would be the year. >> absolutely.en the year of mobile in the tech industry for the last four years. it is something we need to see of solid growth year-over-year. the fact that facebook has had just under one million active -- one billion active users is a strong indication of that happening. >> and facebook celebrates 10 years next week. get your crystal ball out. in 10 years, what will facebook look like? >> i think people will still talk about teens leaving the service. [laughter] >> a lot more moms and dads on the service? you'll have full saturation, ubiquity. -- a standalone app. when you look at the numbers, 1 in 6 of the world population. that is quite a hefty network. >> thank you. great to get here via. -- your view. >> and nintendo announced disappointing result earlier today. it presented its new strategy. jonathan ferro is here. how is it changing its game plan? announcedve disappointing business strategy. for thatooking nintendo characters to boost products. they're also looking for health care entertai