dallas marissa mayer -- that was marissa mayer at the bloomberg technology conference. welcome back. now is coryg us johnson from the bloomberg tech conference. what was your take away? cory: some of the comments about that tax investments is important. are goingid that we to take our little business, yahoo! small business, appropriately named, and strap it on to the giant asset that are our alibaba shares and spin it off into a different company and pretend it is an operating business so it has no tax in --vocations

twitter's outgoing ceo and marissa mayer are at the event. before we get to what dick costolo had to say, tell us about the mood. brad: we have had marissa mayer, cisco, conversations about robots, open-source software. people are learning a lot. tell us about the big names and what they had to say. costolo, ceo of ceo, i, the outgoing talked to him about the transition, who the candidates are. whether it is a real search. whether they will give it to jack dorsey. listen to what he had to say. board hase on the recognized that the ceo needs leeway to do what they needs to do.

marissa mayer says her plan to spin off the company is going according to plan.e will hear from the most innovative entrepreneurs at the bloomberg technology conference, including a company -- and i will introduce you to the nexus of wardrobe. that is all next. we begin with dick costolo. he spoke to his earlier today. just days after his announcement that he is out of the top job at twitter. the stock fell to its lowest point after a fresh analyst downgrade. investors are awaiting any sign. he spoke to bloomberg businessweek about what it takes to be a good ceo. >> great ceos are a balance of resilience gritty and resilient, but self-aware. you have to have that combination. just as importantly he has this fluency about the way he thinks about the product and the way he thinks about its potential that almost is remarkable. >> the doubt the skepticism, is this a real search? whether jack is being queued up as the next ceo because he wants it, the founder, and knows the product, or whether he wants to go out and cast a white net. >> the board is doing a legitimate

dallas marissa mayer -- that was marissa mayer at the bloomberg technology conference. welcome back. now is coryg us johnson from the bloomberg tech conference. what was your take away? cory: some of the comments about that tax investments is important. are goingid that we to take our little business, yahoo! small business, appropriately named, and strap it on to the giant asset that are our alibaba shares and spin it off into a different company and pretend it is an operating business so it has no tax in --vocations implementations. in d.c., they said that spinoffs concern us and we're going to take a closer look at this going forward. what i heard mircette myers say they are mayer say, not doing it because of us, the irs is not trying to change the law. the irs does not make laws. those are somewhat comforting words, they rang hollow to me. there is a nonzero chance that the irs will have a negative conclusion about the spinoff. it fairly pointed out they had been at this for a long time. stephanie was very clever to ask what does this mean for the japan assets. this

an exclusive interview with marissa mayer at the bloomberg tech conference. this is where we leave you. pimm: i will be watching. betty: excellent. we will be back in a few moments. ♪ just because i'm away from my desk doesn't mean i'm not working. comcast business understands that. their wifi isn't just fast near the router. it's fast in the break room. fast in the conference room. fast in tom's office. fast in other tom's office. fast in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business. built for business. emily: welcome back. now to top stories crossing the bloomberg. donald trump is making it official, running for the republican presidential nomination. he launched his campaign earlier today and said the u.s. has become a dumping ground for other people's problems and out to get tough on terrorists. trump: islamic terrorism is eating up large portions of the middle east. they become rich. i'm in competition with them.

ceo marissa mayer is under pressure.we will look at what she is up against to turn the company around. we know she has in her corner the stock performance since she has taken the seat. we will be back with more. ♪ erik: coming up later today on bloomberg television, twitters outgoing ceo dick costolo and yahoo! president and ceo marissa mayer join us live from the tech conference during the noon hour. stephanie: the day here on bloomberg. i will give you the top stories of the hour. a weather warning is up right now along a 300 mile stretch of texas coastline. tropical storm bill is heading in from the gulf of mexico. it is expected to bring in eight inches of rain and cause flooding. the ground is already saturated in much of texas. the state still recovering from the wettest month on record in may. more privacy issues for facebook in europe. regulators and belgium are suing facebook over its privacy practices. they have accused the social network of processing personal data without explaining how it would be used. face

ceo marissa mayer says her plan to spin off the company's ali baba stake is going according to plan. we will hear from the most innovative entrepreneurs at the bloomberg technology conference.

chief executive marissa mayer. these are interviews that you do not want to miss. they will be coming up in the next hour. still ahead, looking to get your high and artwork sold online? you might want to try instagram. details are next. ♪

ceo marissa mayer. will her turnaround plan at yahoo! finally stick? pimm: good afternoon. i am pimm fox. pimm: -- betty: i am betty liu. a look at the markets. equities are rebounding. stocks up marginally. quite a bitost yesterday. the s&p higher by .3%. encouraging news from greece. sort of will get some deal. you hear some pretty strong comments that you need a miracle to get anything done in greece. in the oil markets, a bit of a rebound for nymex crude, up almost 1%. speculation about inventories as they continue to be brought down. that is going to be positive for

they want marissa mayer's to give them an update in yahoos stake in alibaba. debt fell to its lowest level after losing a deal with variety. it will no longer supply pictures to getty. getty took on $2.6 billion in debt to finance carlyle group spy out in 2012. carl icahn has gotten out of netflix. he sold the last of his netflix today. aiken: netflix is a great company, but i have been a a battle hardened veteran of seven bear markets. there comes a time when you make your 500% on your money, you take your tips off the table. carl talked a lot about

ceo marissa mayer is says that the company will proceed with the alibaba spinoff. myers spoke earlier at the bloomberg technology conference. we are moving forward with the plan, based on the

ceo, marissa mayer, speaking with stephanie maeda. scarlet: still ahead, the chicago blackhawks clinch the stanley cup yet again. what one nhl agent has to say about whether the franchises getting it done and what it is doing right that other clubs can't do. ♪ mark: welcome back to the bloomberg market day. scarlet: time to check in on the markets with julie hyman who is looking at how health care stocks are reacting to a flurry of m&a speculation. it seems to involved almost everyone in the managed care industry. it's hard to keep track of who is targeting him, at least speculatively. and them united health group, most of these are being mentioned as potential acquirers and they are rising today. take a look at the stocks that are not rising -- cigna and humana have both turned lower today. at one point, it was talked about that cigna would make an acquisition offer for humana but now cigna looks like a target that maybe that is off the table but all of this is speculative. popular?s cigna so one of the things we are looking at is th

special guests include marissa mayer, dick costolo and the actor from the hit show "silicon valley." ♪ emily: calling all pod builders -- elon musk is looking for a few good engineers. spacex is sponsoring a competition to design pods for its transit system next to its california headquarters. teams can test their human scale pods during a competition week planned for june of 2016. ibm is planning to invest hundreds of millions of dollars the year into free data analytics technology. the project is called spark and allows businesses to process huge amounts of information at lightning speed. it's built to support computers using artificial intelligence and machine learning. the ibm vice president of product development is here with more. i want to talk about this without getting too far into the weeds, but is complicated. there's a thing most companies use to do data analytics and categorize this information and another thing you guys are behind called spark. what is spark and why is it better? guest: i like to think of it as the analytics operating system of a modern enterprise. in t

marissa mayer says her plan to spin off the company is going according to plan.ear from the most innovative

shares rose 2.3% after marissa mayer's says she is confident about the plan. line hyde is here with the latest. can you tell us about marissa mayers'comments? caroline: this was at a bloomberg tech conference. three years at the top of yahoo!, she had plenty of trouble trying to lure in advertisers. but everyone is obsessed about their stake in alibaba. what they are trying to do is a 40 billion stake. they are trying to offload to their investors without having to pay tax. there would be a 35% tax rate. they have done financial structuring and feel they will be able to remove that tax payment until the tax agency said they were looking at these talks. marissa mayers: it is the contemplated changes that have been communicated to date do not apply to previously received requests for ruling. we filed for it well in advance of when these changes were communicated. caroline: they are ready filed for it. the tax agency said, you're ok. francine: there is gamers. caroline: they will all be obsessing about e3, happening in l.a. you have got google's youtube announcing

northrop grumman. >>> yahoo's ceo marissa mayer to address investors for the company's annual shareholder can expect the talk to focus on ads in a continued push in the mobile, video and social spaces. in past years, mayer has attended the cannes advertising conference instead, last year there was a bit of controversy surrounding an incident where sheover slept and missed a dinner with advertisers and i feel bad even bringing it up. but yahoo has tried to shift into focusing on mobile. mavens, as they like to say mobile video and a few other things that i always forget. that they wrap into that. the talk at khan as we were just discussing with john steinberg and kayla, is around snap chat. it's around facebook. not so much around yahoo. you wonder if they can in this talk, kind of bring people into the fold. thinking about them as a pine anywhere these forms of advertising that are going to make sense on phones. >> it's been a long game trying to reinvigorate that brand. and get the core business fired up again. after the long leash of alibaba begins to run thin. we'll keep our eye on tha

we will hear from marissa mayer, dick costolo, an actor from hbo other hit show, "silicon valley."hat's all day tomorrow here on bloomberg television. up next, "fallout 4" -- we talked to the game's creator. who let that goats out. in this viral video, hundreds of goats are being herded down the hill where the crossing guard halts traffic. ♪ emily: it is time now for the daily byte -- today's is 85. that's the number of seconds the philae lander made contact after seven months of silence. it parked at 4 billion miles away from earth. it took 10 years to get there. scientist celebrated the historic landing in november that communications went dark when the solar powered coming occasions fell into a shadow. they were able to reboot it momentarily and sent 300 packets of data across the solar system. scientists are now awaiting its next signal. the e3 gaming conference is officially underway in l.a. it's the against conference for it gaming, but it is bethesda softworks jumpstarting the action for its epic post-apocalyptic game, "fallout 4" and a mobile platform. we got a look at doom

marissa mayer from yahoo!costolo, who is about to step down from twitter, will be in our bloomberg tech conference. they will speak and are our. can you ask about artificially created trans fats? betty: and whether it is trending? pimm: where going to look forward to it. betty liu, we will see you in just a few moments. it is time for today's option insights. let us talk to julie hyman. seen a little bit of game for stocks across the board. the averages are holding onto the game, even extending it. dow up to 84.5 points. joining me for today's insight is kevin kelly did he is the chief investment officer at recon capital partners. there is a little bit of pessimism because even though stocks arising, people in terms of options that they are making on the s&p futures are not terribly optimistic. kevin: that's correct. you are seeing it in futures and the s&p 500 index options as well as the etf options on sp y, which tracks as px. most notable yesterday was that two times the amount of puts being traded verses

twitter's outgoing ceo and marissa mayer are at the event.e we get to what dick costolo had to say, tell us about the mood. brad: we have had marissa mayer, cisco, conversations about robots, open-source software. people are learning a lot. tell us about the big names and what they had to say. costolo, ceo of ceo, i, the outgoing talked to him about the transition, who the candidates are. whether it is a real search. whether they will give it to jack dorsey. listen to what he had to say. board hase on the recognized that the ceo needs leeway to do what they needs to do. what i am trying to articulate, what everyone feels, is we like the strategy and the team in place. we are going to continue down that path. ceo search that everyone will be watching closely. angie: brad stone, thanks so much. much. a lot more coming up next. ♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the scenes footage, all of taylor swift's music videos, interviews, and more. xfinity is the destination for all things taylor swift. just because i'm away f

they want to know what is happening. >> marissa mayer event of a stretch.thought progress was made in the great aol, think again. the international monetary fund says the delegation has less negotiation in brussels due to major differences in athens. the court has been following all of this. nicole: an imf spokesman says there's no progress in narrowing differences and they are far away. a surprise move by the imf coming as the european union told the greek prime minister, alexis tspiras, stop gambling with the future. head off potentially devastating defaults. telling reuters the entire delegation is also left for home due to continuing disagreement. the latest development raises the pressure on the greek government to agree to the unpopular policy changes and the unpopular spending cuts. or it could really risk a default. possible exit from the euro zone. the unemployment rate over the last day or so fell more than 26% of nurses survey done over the last 24 hours about how many want to see in the euro zone. that drop from 60% to 50%. you still have people

he's been a huge, huge critic of marissa mayer. but here's the story. here's the main headline that i saw today, that they are working with the irs to try to figure out a tax-free spin for their alibaba stake. that's the story right now. but here's the thing. yahoo! can't really get out of its own way because alibaba can't. the stock is still very much tied to it. there's a massive, massive ipo lockup coming in september for alibaba. 1.4 billion shares here. so that's really what's keeping yahoo! under wraps here and the uncertainty about the spin. >> yeah. when it comes to baba i was long it for about a week here, trying to catch a bottom maybe on this pullback, and i saw it today because the stock just trades very, very heavy. it doesn't look that fantastic. i like the idea of baba as a play on the change in the chinese economy from the export led to the consumer led. i think that's your big secular play. it's just a question of timing here. so for now i think you stay away from both baba and yahoo!. >> okay. >> she inherited alibaba. you've got to gi

ceo marissa mayer says her plan to spin off the company is going according to plan.

they want marissa mayer's to give them an update in yahoos stake in alibaba.ebt fell to its lowest level after losing a deal with variety. it will no longer supply pictures to getty. getty took on $2.6 billion in debt to finance carlyle group spy out in 2012. carl icahn has gotten out of netflix. he sold the last of his netflix today. aiken: netflix is a great company, but i have been a a battle hardened veteran of seven bear markets. there comes a time when you make your 500% on your money, you take your tips off the table. carl talked a lot about ambling. shares have more than doubled this year alone. us inohnson is joining new york right now on this. icahno you make of carl getting out of netflix? who knows. when he says makes perfect sense. he has had a fantastic run in the stock. it is worth noting that netflix has issues. they have enormous content costs that they are obliged to but is payable.d as the they have billions of dollars in these contingencies for future content. over a business that has $5 billion in revenue and only profit.le million in mark

marissa mayer says yahoo! is proceeding with the alibaba spin off as proposed. shares moved on her comments. she spoke at the bloomberg technology conference. marissa: we are proceeding with our plan as proposed. it's based on the contemplated changes being communicated don't apply to previously received requests for ruling and the ruling, we filed for it well in advance of when these changes were communicated. that gives usg confidence is it does not seem these proposed changes are contemplating changing the applicable law, so it's more about the processes around these types of transactions and less about the applicable law. she also said she wanted to do more with the national football league. twitter pasta parting ceo says while he's confident the current direction of the company, he's willing to let the next ceo make the changes they want to make. dick: everyone realizes the ceo needs to have the leeway to do what they need to do. what i'm trying to articulate and what jack is trying to articulate and what everybody feels this we like the strategy in place an

and marissa mayer missed opportunity with aol, no question aol needed to make a deal as it was reaching the end of its growth prospects as a stand-alone company. when i spoke with aol ceo and chairman tim armstrong, i pushed him on the marriage with aol and not yahoo!. liz: tim, for aol was this a want to do or must do? you heard people saying this is a brand that may eventually end up in the dot com graveyard? >> liz, when we started it five or six years ago, most people expected aol to be in the dot com graveyard, but the 4500 people at aol made sure that wasn't the case, and, you know, we're ending at 147% over what we spun out of time warner from a value to our shareholders, but more importantly, we're ending up with 400 million unique viewers across the world, ending up with one of the top ad platforms, video platforms, and when we take a step back, i think about this deal, we had two choices as a company, one is a very risky choice for shareholders to go off and execute into the world of mobiler to partner with the best mobile company in the world, which i think is verizon and set

olivia: i thought marissa mayer was taking that away.as taking away, but all my friends are able to work at home quite a bit. i'm not sure how strict they are. pimm: what about newcomers on the list? i know the new chevron ceo's on the list. julie: energy hasn't done that well, but employees to like him and think he is doing a good job. olivia: how many women were on the list? that, but didn't look at there were a fair amount. as i look at it, most of them are men. to look be interested at the percentage of men ceos versus women. olivia: any sense of who has been on the list the longest? julie: no idea, but this is the third year that they have done it. i feel a lot of people in the top 10 are still on there as long as they are ceo. olivia: i wonder how location-based it is. life is good in silicon valley. go,: as far as these lists you have the annual list of best companies to work for and so on. what is the purpose of this list? julie: i feel like if you're going to work for a company, you want to know what the employees think of the c

here is a great case study we had with marissa mayer attiy at yahoo!.he had a two-year honeymoon from investors but alibaba was helping out. a year or more. i don't think it is a quarter or two turnaround for whoever takes on the position. >> we are in early to say the least. great to see you. >> thank you. >> mark mahaney from rbc. next we are keeping an eye on the markets. ♪ ♪ hp instant ink can save you up to 50% on ink delivered to your door, so print all you want and never run out. plans start at $2.99 a month. right now, buy an eligible printer and get three months of free ink with hp instant ink. available at participating retailers. the most affordable way to print. hp instant ink. every auto insurance policy has a number. but not every insurance company understands the life behind it. ♪ those who have served our nation have earned the very best service in return. ♪ usaa. we know what it means to serve. get an auto insurance quote and see why 92% of our members plan to stay for life. >>> welcome back, vm ware is looking beyond roots and servers

they don't have a ton of respect for his great cfo but i don't know if he's a ceo or marissa mayer. >> you don't want to see somebody who is a seasoned chief executi executive as opposed to somebody in a social media area. >> there is a combination, that's about a big huge media property and ran still runs it over at facebook. so it's a bunch of different choices and tech base, more media based. >> bob, you talked about the last two quarters and it is a problem. when you think about the potential potential acquirers, google plus, if you want to generate increased user growth and increase monthly active users put them on a platform and facebook is buying, what is active? they have been buying, messages, clicks a lot of boxes. doesn't it seem like an obvious use of the $65 billion in cash? >> couldn't agree more. they did look at it a bunch of times and makes sense. the question is would you make this move to dick costolo now if a deal was on the table or not go through the ceo transition and hiring a firm to look for a ceo. maybe not as imminent as some think. >> if you had to give odd

orissa meyer -- marissa mayer structured a very shareholder friendly deal.his will be a great transaction. then eventually shareholder, the tension -- the attention will shift to the core business. it is. again, they structure the most shareholder friendly deal they could ask, spinning it off to shareholders, giving shareholders the value for the alibaba share. yahoo! japan is another $9 billion asset that they need to monetize. then of course the core business . tom: bring up the chart of aol versus yahoo! i had not realized how well she done given alibaba. is her job on the line at this meeting? >> i do not think it is it she has some runway left with shareholders. one of the key issues is, however, shareholders are going to want to say, you are in a business internet advertising that is growing 15% a year yet, yahoo! does not grow its revenue at all. at some point, shareholders will say, what is the strategy? brendan: i've always assumed that yahoo! is alibaba plus something else that is not significant. i'm looking at research from ubs. yahoo! had the th

another tech titan under pressure, marissa mayer.aroline: she is almost three years in the job and yahoo! is a company that is not turning around. selling off its stake in alibaba . they've been trying to do this in a tax-free way. that is the breaking news the fact that despite potential changes from the u.s. in terms of the irs and tax changes to make sure that spinoffs cannot be tax-free. it seems alibaba will have first go. they have already announced the structure for the alibaba spin off. interestingly, once they spun off their stake in alibaba, it is still about acquisitions at this company. >> our focus is on larger strategic acquisitions. building blocks, we make sure they are aligned with digital content. they also come for the technology. caroline: a month where they -- would not go by where they had not been buying the company. i wonder if that is true on this side of the atlantic. the ongoing london technology week. we are big part of it here at bloomberg. yesterday, i headed down for an awards ceremony. they wanted to m

ceo marissa mayer. under armour wants to create a new class of stock.lenges of the credit card business. we have a lot to cover. erik: we should get this hour started with our most important stories. greece is what we will begin with. if there will be a compromise on greece, it will not come from the greek side. the country will not make any more concessions in time for thursday's meeting of european finance ministers. prime minister is s

ceo marissa mayer plans to address investors at the company shareholder meet be. stuck plunged over concerns about hurdles to the company's plan to spinoff the alibaba stake into a separate company. in a letter, yahoo! says it's driving toward a dramatic business transformation. focused on digital advertising. >>> netflix' stock owners are about to get a lot more shares in the company. they approved a 7 for 1 stock split. shareholders will get six additional shares for for everyone they hold on july 2nd. >> the movement has been expected after stock prices soared. we've been watching all morning they topped 700. we are checking the stock right now. let me pull it up for you. shares close to 700. shares are at 689 right now. the company's value itself does not change. >>> more testimony expected today on capitol hill about a major government data breach. now we hear the private information of 18 million people may have been hacked. yesterday witnesses testified the government is still adding up the fallout from the first breach in april of more than 4 million files

>> well, bill, it's been nearly three years since marissa mayer took the helm at yahoo.ay she reminded shareholders about the changes underway at the company. >> we remain committed to making ya yahoo the best place to work, hiring great people. we've overhauled every core product and introduced new, innovative ones to improve the product suite. we've increased traffic, particularly on mobile. and we're pleased with the stability in our business encouraged by the continued growth. >> now mayer highlighted everything that she believes is going right at yahoo. new growth areas, mobile video, social and native advertising, generated $1.1 billion in revenue last year. monthly active users on mobile as she notes, up 20% year-over-year. as for alibaba, mayer says the plan is to complete the spinoff of the stake in the ecommerce giant by q-4 and perhaps providing some assurance that the plan is on track. mayer did face some blunt questions, though from shareholders who asked the ceo if they should hold on to their shares. this year, the stock is down hard in its last reported q