ceo marissa mayer is expected to alibaba,e day after the chinese online marketplace, partly owned by yahoo!, filed for an initial public offering in the united states. the deal is expected to become the largest u.s. ipo ever. it also means a massive cash infusion for yahoo!. cory johnson joins me from san francisco. the ali baba ipo -- yahoo! is selling 208 million shares, or 40%. that could mean more than $10 million for yahoo!, more than double the amount of cash -- $10 billion for yahoo!, more than double the amount of the cash they have on hand. what will the cash do for yahoo!? >> the question is where will they put it to work, look for an acquisition, buy back shares? what has always been the question for yahoo! is what businesses will they go after in the future and will they do with the requisitions or build their own? >> cents marissa mayer took over in 2012, it has acquired 40 companies. has the strategy paid off? >> there have not been big acquisitions. that is not necessarily a bad thing. acquisitionsy almost never work. i do not think they should be faulted. had a lot of

and marissa mayer's reign as yahoo! ceo let's bring in our guests.come to you both. >> good to see you both. >> nick, what was your takeaway? did you learn anything from the interview? >> interesting, she talked about spending the money and that's going to be the big question obviously going forward. she didn't give a lot of secrets about where she's taking this thing. >> you're the resident bull. >> bullish. >> on marissa mayer. coming up on her two-year anniversary at the company in july. look at a two-year chart, it seems the market has been pleased, or is this a proxy for alibaba? >> that's the question, right, how much goodwill does marissa mayer contribute to the share price and she has had stink on them and once you get the stink on you it's very hard to shake that but yahoo! is the only company that we've actually seen make measurable progress at shaking the stink. never saw myspace do that, never saw ask do that. we haven't seen that before, so if you're looking for signs of a turnaround story what else do you want. >> all the same, nick, a

marissa mayer about to speak at the tech disrupt conference in new york. you will hear it here live when it happens. that's not marissa mayer. >> that is not. there are two other people on the stage. we want to know what kinds of things, don't we, brian? obviously we want to now how she's been transforming yahoo. they've been making dozens of acquisitions ever since she took over, and of course there is alibaba. bgc's colin, and our own josh lipton. i want to what on earth is she gooding to do with all those proceeds, colin? >> you know, there's three things she can do. it is going to be a mass i have been infusion of cash on the balance sheet. you can pay a dividend, you can buy back stock, and you can do acquisitions. they're very likely to do the last two, to increase their share repurchase and target acquisitions. who knows if they'll pay a different. >> talking about acquisitions, would it make sense to buy aol? >> i think it would. it's obviously gotten cheaper today, the stock is pulling back quite a be. it's in the wheelhouse, there's a lot of over

marissa mayer about to speak at the tech disrupt conference in new york.ill hear it here live when it happens. that's not marissa mayer. >> that is not. there are two other people on the stage. we want to know what kinds of things, don't we, brian? obviously we want to now how she's been transforming yahoo. they've been making dozens of

marissa mayer is quizzed on that. we will also break down what she said and what it tells us about yahoo!'s business. and he is a billionaire who enjoys singing and even conducts weddings for his employees. how does jack ma, the founder of alibaba and his personality, impact the company? here is a check on the bloomberg headlines. tesla reports a $50 million loss. revenue was up 27%. it delivered more than 6400 models of the s sedan. musk says china bound deliveries have slow shipments in the current quarter. the stock is down in after-hours. katie cotton is retiring from apple. she helped deal with the media. apple tells bloomberg west that katie has given her all in her 18 years. we are going to miss her. russia is cracking down on a so-called bloggers law. they require any website with more than 3000 users to register with the government. bloggers also cannot remain anonymous and will be held accountable for the accuracy of their site. now to the lead story of the day -- marissa mayer talks all things yahoo! and a

marissa mayer is quizzed on that.o break down what she said and what it tells us about yahoo!'s business. and he is a billionaire who enjoy singing and even conducts weddings for his employees. how does jack ma, the founder of

plus, alibaba watchers will listen to see if the ceo marissa mayer has anything to say about the ipoiling with yahoo! holding a 22% stake in the company. my will speak in new york city at the top of the hour. stay with us for live coverage of her remarks. ♪ >> i am emily chang and this is bloombert west on bloomberg television and streaming on your phone, tablet, bloomberg.com, apple tv, and amazon fire tv. twitter shares have gone into freefall the last two days, down more than 20%. this is cosigning with the expiration on tuesday, allowing early investors and employees to sell shares for the very first time since twitter went public since november. is exploration behind the drop? me here inll with the studio as well as the managing director at wells fargo. thank you for joining us. how surprising is the drop to you? >> there is a big question right now. our cloud stocks and all the new tech stocks in a bubble. when you look at the amount of supply that has come to market over the last six months, it is huge compared to prior years. are really talking about supply is just massive no

helpss a company that marissa mayer test 50 shades of grey before the google logo?is running an experiment and trying different variations of your website and mobile app and see which one is the most effective in getting your visitors to do what they wanted to. >> your clients are incredibly high profile. tell me where you have seen the most success. >> crate and barrel is a great example. they have run over 650 experiments. toy use us to try personalize the experience you get when you go to crate and barrel.com. after the winters in the northeast, they decided to show a message to people after the winter was over and said congratulations you made it through the winter so let's plan for the summer and i wanted to sell them nice furniture for their patio. >> it's interesting how many websites don't use this. crew, i feel like when i go back to the website, it treats me like anyone else. why don't more companies use you? it requiredst, engineering resources. for many businesses, that was a very bottlenecked area. enables them to drive the process of experimentation an

marissa mayer. rebound spoke and was interrupted by a heckler shouldering "tree -- freedom from ethiopia." >> i want to hear from you. i love you back. you kind of screwed up my ending but that's okay. that's okay. >> and we've got free speech in this country. >> the two events took in 500,000. president obama promised to return to silicon valley before november. our coverage of the president's trip continues right now on twitter@abc7newsbayarea. >>> 18 people went to the hospital after a school bus hit a big jump when he tried to make a u-turn at 8:45. the bus hit a median. some students ran off the bus after the mishap. 16 of the injuries are considered minor and two are a little bit more serious. >> parents and police were at a fremont school this morning over the expected return of a teacher. one family accused of slapping their child over a math problem. there is a new twist and plans changed. nick is at patterson elementary school. >> good morning, the demonstrators were passionate but peacefu

will come here to the bay area for tuesday silicon valley fund-raisers including one co-hosted by marissa mayer. friday, he'll be at a walmart in mountain view to praise the company's goal to get 100% of energy from renewable sources. this the president's tenth fund-raising visit in three years because last trip was in november and included several events in san francisco. >>> let's check in with meteorologist mike nicco to see if it's less windy today. yesterday i was trying to close my patio umbrella, practically blew away. >> windy yesterday afternoon. it will be this afternoon. if it's calm in your area now, it's going to pick up this afternoon. 15 miles per hour fair field, 13 sfo. 13 half moon bay. everybody else 8, calm around santa rosa and mountain view. up north, mid-40s to 50 in san rafael. temperatures close to where we were yesterday. 49 lafayette. san jose 48. everybody else 50, 52 until brentwood, 54. alameda, 55. i don't see nuch of tmuch of th in temperature until 7:00. it will be mostly sunny by noon. temperature 58 at coast. lunchtime, breezes pick up we'll have high clouds a

this is one of dozens ofia hook acquisitions since marissa mayer came on board. >>> when apple's iphone 6 comes out later this year, it will not be cheap. that's because wireless carriers are -- or firk picking up the -- picking up the full cost of the phone for a lower bill. >>> one of san francisco's beloved landmarks is back open. ktvu got a look inside the coit tower. before today's ribbon cutting ceremony. it's been closed since october for a $2 million renovation. the primary purpose to repair chips and scratches on the murals. >> i think the public will be thrilled today when they get to come back in and see how these world renowned culture aspects have been restored to their former glory. >>> the tower is open to the public for free. as you might expect, park and rec officials expecting a big crowd. so they are weekending you take public transit. >>> teachers in trouble from theft, drunk driving, even physical abuse. >> she came home with scratches from the forehead down her neck, bruises like the whole nine yards. there was always an explanation. >> this parent says her daughte

yahoo's ceo marissa mayer was there and attendees paid $32,400 a plate and photos $5,000 a pop. were protestors outside against the keystone pipeline. the president will then go to mountain view to applaud walmart for its efforts on energy efficiency but labor unions are not so happy. >> walmart is one of those employers that exploits worker, hands them a job application with a food stamps application. what kind of employer does that? >> it's a company that is a subject of a number of lawsuits including gender discrimination lawsuits and that in some states like ohio 15% of the workers are on food stamps who work at walmart so it's an odd choice given the context of everything else the president has been talking about. >> reporter: this walmart is a good place to talk about energy efficiency. they have car chargers the entire store with l.e.d. lights. the president speaks at 9:55 this morning. we'll carry them live on our website, kpix.com. live in mountain view, kiet do, kpix 5. >>> we'll go back out to fremont. the delays are getting worse unfortunately on southbound 680. thos

>> yeah, this is going to be a headache for marissa mayer. they got 28% of alibaba. if this business floats and is valued to anything up above $200 million, the windfall for yahoo could be $10.4 billion according to some analysts. but what do do they do with the cash? do they go after google with that fresh injection of money? and what does it mean for alibaba, does it turn into a bigger competitor for yahoo!? in the face of the good news, they get the cash, but it could cause headaches for mariska meyer as she tries to work out what to do with it to make yahoo! continue to be relevant for the internet generation. >> geoff, thanks so much. i appreciate it. >>> stale ahead on "way too early," lebron james lights up the court as the heat stays perfect in the playoffs. but for once, it wasn't lebron who stole the show. kevin durant's emotional speech. >>> plus, do you know who your mother was before she was your mom? there's a special jimmy kimmel mother's day preview. that story and "way too early" comes back. the brilliant and beautiful jen. it's her taurus birthday t

yahoo ceo marissa mayer and tech venture capitalist ned altman greeted the mayor. people over profit are againsted proposed new section of the keystone -- against the proposed new section of the keystone pipeline which would run from canada to the gulf coast. >> we're against the pipeline because it's absolutely dirty fuel. >> we need to save the earth instead of having spills and people dying of cancer. >> reporter: the first stop for the president today was an exclusive tech roundtable for people who paid as much as 32 grand to attend. tomorrow the president will do a 180 and head to this mountain view wal-mart to give a speech about energy efficiency. contributions can be made wh wal-mart says it's been a leader in going green and becoming energy efficient, but labor unions say they're upset with the president's stop at wal-mart tomorrow because of the company's bad reputation for paying low wages. they plan to protest at the mountain view store tomorrow morning. live in san jose betty yu, kpix5. ency. but >>> get this, as of tonight political contributions can

in los altos where 25 donors paid over $32,000 apiece then another one hosted by sam altman and marissa mayer at the fairmont in san jose. tickets for that event started at $1,000 went up to $32,000. also it's $5,000 for a photo with the president. there are also protestors here in san jose so-called keystone activists who want the president to aggressively oppose the keystone tar sands pipeline which would run from canada to the gulf coast. >> to get obama reject the keystone put the nail in the coffin and be done with it. we need to save the earth. >> reporter: tomorrow the president will give a speech highlighting clean energy at walmart in mountain view. he also made some labor folks angry because having the event at a walmart kind of goes against what labor activists have been doing, trying to unionize the walmart workforce. you can see some other protestors here, that one with a drone here in downtown san jose. the president is due here in a couple of hours. reporting live in downtown san jose, len ramirez, kpix 5. >> as len said one of the president's stops is sparking controversy. tom

but you haven't come out disliking marissa mayer? >> absolutely not. o is a legacy business. 19 years old. it's old. almost no one could save this legacy business. marissa has done a pretty good job. two years in, a lot has gone right at yahoo, and i could content there is probably nobody else who could do as good of job as she has done, but i'm not bullish on yahoo!. >> this is interesting. why not? what is your hesitation? right. >> yeah. >> marissa has done product right. she has hired tons of people in. she got there, there was like maybe one mobile engineer, and now they have 500 people working on mobile. what she has not done so well is fix the advertising. business. >> right. and one in which it has become highly come mod tiezed. >> right. >> the value of a webpage has only gone down in value. >> there's the rub. so she has to not only fix what is broken, but she has to inevent something new. think about the hypergrowth companies you know. you have google, it has search ads. facebook, has the new advertising. and she comes in request this thing c

sheryl sandingberg and marissa mayer. and greta van susteren came in at number 100.grats to her. this is world or we think it's the world's most expensive could have coffee, vanilla moek chino 60 shots of espresso. $55 price tag. 55 bucks. it was bought by a customer by the name of andrew at a starbucks in texas. i hear he did not drink it, thank goodness, all at once. >> that could cause a heart attack. crazy. >> thanks so much. congratulations to greta. >> we have told you about a man hiding envelopes and sending out clues. >> tv cameras were there when a man spotted a hidden cash on the fire hydrant inside $130. the scavenger hunt now headed to los angeles and new york city. it is now 26 minutes after the top of the hour. it's supposed to be the safest building of the world but base jumpers had no problem getting to the top of the freedom tower. now big changes ahead for one world trade center. >> one family's extreme home make-over turning into a real nightmare. why it could leave them bankrupt. good morning nelly! woah. hey! have you ever tried honey nut cheerio

>> sarah sandberg, the chief operating officer of facebook and marissa mayer, ceo of yahoo!. things are changing. >> female execs run h-p, xerox, avon products, and stl a victim of culture out there among women, achieving women? >> the whole victim mentality to me, it's a choice to be made, when someone is hurlingant g or racial epithets it's how do i take this energy and translate it on something positive? one quick example, on asian-americans in executive leadership, there are not many asian-americans in ceo. john: is it discrimination? >> other cultural factors affecting asian-americans'ability to rise through the corporate ranks of america. john: we tend to forget how different america was recently. just wasn't that gays couldn't get security clearances. 40 years ago women couldn't get a credit card without her husband's permission. good old days were not so good for women or blacks. when i was born black people couldn't attend the same schools or eat at the same lunch counter. now we have a black president. he's my president, even though he's wrong about most everything.

ceo marissa mayer and sam altman posted a fundraiser for president obama last night. the $1000 per cd that was held in mountain view. another fundraiser was hosted earlier in the day are up to 30 guests paid more than $32,000 each to attend. amazon sunday delivery services now available to 15 additional cities. amazon prime chapter's -- amazon prime shoppers will be able to order something on friday and have the option of getting it delivered on sunday or no additional cost. this is part of an agreement between amazon and the u.s. postal service. apple could soon be dancing to a new beat. it is nearing a deal to buy eat electronics for $3.2 billion. people familiar with the matter say the two companies are in advanced talks. beat is known for its headphones and music streaming service which was started earlier this year. it was founded by music executive jimmy iovine and dr. dre in 2008. apple is under pressure to deliver another it product. the acquisition could help the company bolster its online music business and recharge its cool factor. if the discussions result

marissa mayer is quizzed on that.l also break down what she said and what it tells us about yahoo!'s business. and he is a billio

the second event was at the fairmont hotel co-hosted by marissa mayer. the president was wrapping up the speech to the crowd when he was interrupted by a heckler who said "freedom to ethiopia." >> i want to hear from you. i love you back. you kind of screwed up my ending but that's okay. that that's okay. and we have free speech in this country. >> the event took in 500,000. he promised to return to silicon valley before november. here is the rest of the schedule: speak at wal-mart at 10:00 this morning and scheduled to leave moffett field at 10:45. watch out for 101 traffic. we will have full coverage on our abc midday news at 11:00 a.m. >> parents will protest a fremont elementary school after a teacher accused of slapping a student was told he could return to the classroom. >> father says he is planning a roast because a teacher slapped his son. this is the teacher, frederick berg, has been cleared to return to the classroom this morning. this is how it went down, the nine-year-old student said frederick berg grabbed him and slapped him twice because

president will come to the bay area for two silicon valley fund-raisers including one co-hosted by marissa mayerriday, he'll be at a walmart store to praise the company's goal of receiving 100% of its energy from renewable sources. this is the president's tenth fund-raising visit in three years. his last trip to california was in november and that included several events here in san francisco. >>> it's 5:37. still looking at coolish temperatures. but, mike, keeping an eye on possible rain? >> yep, yep, possible rain tomorrow, that's the key, it's possible. not a lot. if you're traveling, coming through the ferry building that's the warmest spot in san francisco, 54. downtown 53. heading to the mission district, 50. ocean beach. mid to upper 40s. temperatures elsewhere in the low 50s. palo alto 48. santa clara 47. sarahtoga saratoga. pittsburg, 55. and mid to upper 40s through the north bay valleys. temperatures running close to where we were yesterday. now as we head throughout the afternoon hours, we're going to see low clouds be replaced by high clouds and sunshine. about 42 to 52 at 7:00. 58

top the president 4 come to the a bear for two fund rarais-rais including one that's hosted by marissa mayer>> the warriors search for a new head coach begins the day after the team fired mark jackson. owner says it was a decision based on what would make the organization better as a whole. he says though the team won 51 games last season, he expected the team to do better. jackson had a 121-109 record over 3 seasons taking the warriors to the playoffs the past two seasons. jackson's firing does not make sense to many warriors' fans. >> a longtime warrior fan, over 30-plus years, we know how it's been. it's been really bad and he showed success, and i don't get it. >> i think the fans should know or understand that they need to trust us. they need to really trust us. maybe they do, maybe they don't, it's our job to prove it. >> top candidates, steve kerr, tnt broadcaster and champ, former memphis coach, lionel hollins and former orlando coach, stan van gundy. >> 6:37. breaking news, a police pursuit reaches speed up to 100 miles an hour. live with crash and the investigation happening right

marissa mayer and ahlman and a heckler interrupted shout "freedom to ethiopia." >> i want to hear from you. i love you back. you crewed up my ending but that is okay. that's okay. >> and we have free speech in this country. >> the event took in 500,000 for the dnc and promised to return to silicon valley before november. >> now, the president's schedule, speaking at wal-mart in mountain view at 10:00 a.m. and scheduled to leave moffett field at 10:45 and well have full coverage for you on the abc7 news midday news at 1 1 a.m. >> a fremont teach certificate back in class after being investigated for allegedly slapping another student and the parents are outraged and we are at patterson elementary school. nick? >> the father has a student here and he says he is staging the protest because a teacher slapped his son. this is the teacher, frederick byrd. he is cleared to return. he grabbed the student's cheeks and slapped him because he did not know the answer to a problem. the administration thought it was best that he be back with the students this morning. >> they said that he served his

and speaking of marissa mayer used to website to test more than 40 shades of blue for the google logoat is next. >> welcome back to "bloomberg >> welcome back to "bloomberg west," i'm emily chang. at any given time optimizely is running 30,000 experiments on websites all over the world, the website testing service allows companies to run multiple versions of their website to help them optimize performance. the company announced an additional $57 million in series b funding. so what are their plans for this new money? optimizely c.e.o.'s joins me now here in the studio. just to explain what you guys do, this is a company that helped marisa mayer test 40 shades of blue for the google logo. >> the idea of a/b testing is just simply running an experiment and trying different variations of your website or mobile app and see which is more effective at getting visitors do what you want them to do. >> you have high profile investors, tell me where you have seen the most success. >> crate and barrel is a great example. in the last three years, 650 experiments with optimizely. they use it to tr

next up yahoo's marissa mayer, less than the $36 million when she was hired away from google, but doubleto ross levinsohn. 47.2 million when she joined the firm in 2009. carol is tjx's ceo. she's run the company since 2007, and has been there for 31 years. general dynamics played phoebe novokovich more than her predecessor who earned $16.1 million in 2011 his last year, and meg whitman is fifth. she's earned less than her two male predecessors. . one earned about $35 million in the sole year, and before that mark hurd who at his peak made $42.5 million in 2008. so, again, i think the number that's most troubling, mandy is there are so few women at the top, not what they're being paid. compensation consultants will tell you boards aren't concerned with gender, they're concerned with performance. there are a number of factors at play there. >> excellent point. thank you very much, mary. much more will be coming up on "closing bell." >>> how exactly are you going to be tackling this issue, guys? >> oh, the waves, let us count them. brian, mandy, one of the important issues, mary was talking

the company under marissa mayer's watch has completed multiple acquisitions, including summly and tumblrin gillis of dgc has a suggestion for mayer's consideration, given its strong position in individuvideo and p. they say the ceo has to be very careful, unlike facebook whose core business is performing well, yahoo! remains a turnaround story. analyst investors won't give her the same leeway to make acquisitions as they do for mark zuckerberg. bottom line, the jury is still out for yahoo! shareholders, weather to stick by or just sell and own alibaba shares instead. scott, back to you. >> josh, thank you so much. >>> i'd like to talk about this alibaba ipo more. most specifically, let's listen to what jim cramer, guys, said this morning on "squawk on the street." i thought it was interesting. i want to get all of your takes on it. here's jim this morning. >> -- market. >> why? >> why? because when you read this, they've got a better commerce than ebay. they're much cheaper than google. they have a better deal than facebook. they are going to -- if you own amazon, you must sell amazon to

yahoo's ceo marissa mayer and tech venture capitalist sam at mon hosted the event -- altman hosted thevent. a not so welcoming crowd greeted the president outside the hotel. they chanted, people over profit. they are againsted proposed new section of the keystone pipeline which would run from canada to the gulf coast. later this morning, the president heads to walmart in mountain view to talk about energy efficiency. olga miranda runs the powerful janitor's union in san francisco and she will be among hundreds of picketers here to let obama know they aren't happy. >> walmart is one of those employers that exploits workers, hands them a job application with a food stamps application. what kind of employer does that? >> reporter: not us, says walmart. the company told kpix 5 walmart denies that and says, in fact, in california, the average full-time employee makes over $13 an hour and the majority are full time. but skeptics are plentiful. >> the company that has been the subject of a number of lawsuits including gender discrimination lawsuits and that in some states like ohio 15% of the

talking about mobile, marissa mayer said that yahoo! had missed the boat on mobile.ur expectations for tumblr on mobile? the same is growing at clip that everybody else is seeing. the stuff that we are excited about in the mobile world is two full. tumbler, when on we come way far ahead of everybody else, one and half times spend is the average. out waytwork we come ahead in time spent in how people use it. something they use much more like they use their tv, if you pull it out in the moments where you do not want to check your e-mail or you don't want to return your mom's phone call, you want to turn off the tv and veg out and relax and be entertained for a moment, that people use tumblr. in the mobile world, nobody has session times like that. we are still getting session times in three to seven minutes. that time spent on mobile is exciting to us. and you willping see a whole lot of our biggest innovations happening this year. is in mobile creative technology. the things we all have in our pocket. unbelievably creative horsepower. beautifulake some slow-motion vid

marissa mayer has something here, what is a going to be?ee a bigger acquisition coming out with that cash? >> we could. there is a clear direction towards social and mobile, towards making yahoo! a real company. there has been a lot of chatter around pinterest and snapchat, companies that will not come cheap. but then again you have the cash files to do it. what she does with this cash will really, basically, determine the fate of yahoo!. >> it will absolutely. thank you so much, christina. cristina alesci, our deals reporter. moving and shaking at this hour, jeffrey done lock has been 90% -- has spent 97% of his years at bloomberg yesterday and he addicted that the fed would be stuck in a stimulus program known as quantitative easing for some time. he said that that would have an interest rate impact. >> as long as there is one dollar of quantify -- quantitative bond buying easing, sayingill be sequencing that the policy tool on interest rates has gone down to four or zero. you are not going to do that. still,ertainly true, that we are per

here is marissa mayer's speaking in new york this afternoon. >> what we talk to our investors about is we intend to be good stewards of capital. we had previously sold part of our stake in ali baba. we returned some of those proceeds to shareholders. we did make some smart investments in the company in terms of the thing out talent, building out technology. does everything from online payments to streaming, e-commerce. according to figures, alibaba has generated about $8 billion in revenue last year. a 66% increase from 2012. joining us is ryan blair, michael chase took one of his companies public 10 years ago sue knows about bringing companies to the market. ipos.slie covers let's go in-house. going to really raise 20 billion? >> it looks that way. it's according to analysts comprised by bloomberg. we are told they are about to bel a 12% stake. it could upwards of $20 billion. >> who has doubts? >> no doubts. i don't think there are a lot of doubts about what alibaba can do. this is a first glimpse into chinese e-commerce, and we are getting a glimpse of how big it is, but there is st

marissa mayer. she was speaking at the conference in new york. >> tech crunch.hird largest smart phone company has released its latest phone. it picked paris for its global unveiling. >> chinese cell phone maker has launched a new device in paris. part of a campaign to win over western europe. it will compete with apple and galaxy from samsung. wordwide, huawei sold 14 million smart phones during the first three months of the year. china is its biggest market. u.s. sales are nonexistent after officials accused the company of spying against american interests. in europe, they plan not only to sell hand sets but to hire local talent. we are the pioneer of the -- >> huawei is hoping customers in france and the rest of europe will soon start lighting up and falling over themselves for these new hand sets. >> let's go over to germany's iggest retailer. it still faces challenges in russia and with its consumer electronics unit. hans nichols joins us from berlin. the c.e.o. is speaking to analysts right now. >> well, the interesting thing we're going to be pressing the

marissa mayer hosted an event for him last week. majorars ceo has been a donor. the biggest names have to be hollywood in the sports world -- hari waldstein -- harvey -- harvey weinstein, magic johnson, alonzo mourning, and alan horn. talk about bringing in big names, that is the democrats see him as most effective, even as ratings are low. >> what? no big oil companies? i am shocked. [laughter] bell,ld reports after the and that is after the controversial "blackfish" movie. in fact, it has been a fabulous 18 months for blackstone. nothing unless she has more. -- cristina alesci has more. >> blackstone did an excellent job of taking advantage of the ipo window when it was wide open, and what that means for private investors is they got a lot of cashback, $11.8 billion in the first quarter. >> oh, my gosh. >> huge amounts of money, and they did that at huge valuations. we look at a company like helton, we thought it would be -- hilton, we thought it would be a terrible deal, but it has been performing pretty well. those are the sellers. >> tone was the seller. wha

s ceo marissa mayer in recent months. yahoo! shares are up.command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. stuart: yes. here it is. the real halftime report. scott sala delta, cheryl casone right here. nearly 11 million people collected disability and april. that is up from when the president took office. scott, what does that tell you? >> some people actually do need the disability. it becomes a better option when they need it. real disposable income was brought up by 4%. since 2010 we have been averaging and losing because of the participation rate. maybe not as many people will choose that disability option. stuart: thank you very much. luxury. it sells these days. tiffany hitting a 52 week high. nicole: thank you for giving me tiffany. i love tiffany. who doesn't. we saw the profit jumping. the ceo noting that they found the balance between fine jewelry, affordable jewel

they're going to be like marissa mayer atia yahoo! whole surge who said hey, it's my business. you come here to work. >> rikki klieman, it's a very interesting thing. it can affect all our lives. thank you. >> thank you. >>> coming up the kentucky derby. you'll have a chance to meet the colt who has a chance at the triple crown. you're watching "cbs this morning: saturday." the answer to treating your dog's fleas and ticks is staring you right in the face. nexgard from the makers of frontline® plus it's the only chew that kills both fleas and american dog ticks. vets recommend it, and dogs, well they're begging for it. nexgard is for dogs only and hasn't been evaluated for use in pregnant, breeding or lactating dogs. reported side effects include vomiting, dry flaky skin diarrhea, lethargy and lack of appetite. use with caution in dogs with a history of seizures. recommended by vets. loved by dogs. from the makers of frontline® plus. [ female announcer ] every box of general mills big g cereals can help your kids' school get extra stu

it's got big-name backers including venture capitalist, mark andreasen, ben horowitz and marissa mayer. here is the president and ceo of wealth front, adam nash. >> great to be here. >> for those who don't know what this is, give us a 30-second zplangs of h explanation of how wealth front works. >> it's quite simple. we're the largest and fastest growing automated investment service. we provide an index fund portfolio without the high minimums or fees of the traditional provider. >> if i called charles schwab and fidelity, what is different what you do as oppose today's what they do. >> we do 11 different asset classes. they won't automatically monitor and maintain that portfolio every day. we do rebalancing, intelligent dividend reininvestment and tax loss harvesting on a continuing basis. >> if i tell you 20% bonds, 80% stocks, as that moves you'll continue to move that money around. >> you take a questionnaire with judge your risk tolerance. we give you an asset allocation. different asset classes make sense in different accounts. muni bonds might week sense in a taxable account. re

it will also bring plenty of risk for ceo marissa mayer.ou why. >> does jennifer aniston binge watch her own shows on netflix, one of the questions we're asking the star actress. more of our exclusive interview coming up this hour. >>> as always, discussing the biggest tech stories, our cnbc contributor along with jon fortt. thank you for joining us this monday morning. shares getting rallied after upgrading. see that stock up $1.10, nearly 4% to the upside. nasdaq also seeing big gains today, up 1.5% as well. the collapse of momentum stocks from the beginning of march, twitter is in that group. if you've been holding on the entire time should you expect things to bounce back. david is talking about the future of the momentum last week. >> there's a strategy. momentum reverses and tends not to be a factor that leads the market going forward. the idea of price momentum and strong enterprise to sales historically speaking has not been a successful strategy over a one year, five year basis. we're looking more for valuation as a characteristic

>> and on the cover we've got marissa mayer whose first test is just beginning with yahoo.s. as the largest economy this year. reading stories over the past six months, a couple months ago the economist have china losing its sort of glow about its economy. it's slowing down. the costs of labor going up. yet they're going to grow past us this year. >> but that report is kind of a red herring. that's a groanular of re -- >> what's a red herring? that it becomes a larger economy? >> yes. that it's becoming the largest economy this year. i would discount that very much because they're accounting for the fact that china's currency is undervalued. that's really just going too far. if you look at gdp, it's going to be -- or twice as big. they're growing faster it's really hogwash. >> just absolute nonsense. >> and even more important with the gdp, we're five times bigger in terms of gdp per capita. $53,000 per person in the u.s. per capita. china, $10,000. >> i'm reading like so many people are reading capital and the introduction talks about how the rich are getting richer and th

marissa mayer scoops up snap chat rival strategies by a thousand buys blink. you'll miss another one. whatever that meant. >> i don't know what i just said. >> alibaba liked it. >> first up, though, macy's did report first quarter earnings of 60 cents a share, beat estimates. retailer says comp sales down 1.6, hurt by the winter weather and macy's earnings released terry lundgren says sales trends did improve in april when weather started to improve. announcing a 25% dividend increase and boost in the share buyback. the story on m is margin control. despite the decreasing comp held vndsers to the fire. >> got operating margin, 7.1, looking for 7, gross margin 38.9. that's in line. did they squeeze toomey? i don't know. squeeze michael kors, i do not want to bet against kors here. what's clear april/may must have been good or else he wouldn't have maintained his guidance. the buyback is for real, not one of the -- it's not a technology stock buyback where they're offering as many shares as they're trying to buy in. the company bought back 15% of shares since 20