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s ceo marissa mayer is out after five years. walks away with a compensation package worth about $127 million. yahoo! and verizon's e-mail and digital services will combine under a new subsidiary called oath. >>> a group of 30 entertainment companies including cbs are teaming up to form a worldwide coalition to fight online piracy. the alliance for creativity and entertainment includes amazon, netflix, and hbo. pirates made nearly $108 billion according to estimates. >>> time inc. is cutting about one fourth of its assets. it has been struggling as circulation shrinks and advertisers switch to digital platforms. >>> and mcdonald's is using snapchat to recruit new employees. mcdonald's calls its new hiring tool snaplications. they have a video ad about how great it is to work and mcdonald's, and if they're interested he's a link. mcdonald's will hire about 250,000 employees this summer. >> i take it they're not looking for applicants around my age if they're using snapchat. >> 16 to 24. >> definitely out of that age rank. thanks a

under marissa mayer, she will resign and receive a severance package on the way out. marissa mayer the longest serving in the last nine or ten. >> nice parting gift. >> thanks for joining us. i'm christine romans. >> i'm dave briggs. happy birthday to president trump. "new day" starts now. >> this is cnn breaking news. >> we begin with breaking news. an inferno is engulfing a 24-story apartment building in london. flames are shooting out of the windows. this is a fast moving blaze which broke out in the middle of the night. several people are dead. we don't have exact numbers. dozens are hurt. >> we are showing you pictures from the beginning part of the blaze. they obviously have been fighting it. they are dealing with a lot of complexities here. many residents are missing. people are describing watching victims jump from the building and hearing cries of help. phil black is live in london with the breaking details. phil. >> reporter: chris, this fire started at 1:00 a.m. local time. what made it devastating by all witness accounts is its speed. it moved through the

former yahoo ceo marissa mayer is walking away with lucrative deal. steps down with nearly 260 million dollars in stock and severance pay. according to recent filings with the securities and exchange commission, mayer owned about 4-point-5 million shares of yahoo, including options and restricted stock units. mayer held the ceo post since 2012. (anchor) time now to check on our weather... with chief meterologist brittney shipp. building high pressure will bring a robust warming trend and hottemperatures to inland communities friday through sunday after aprolonged stretch of unseasonably cool temperatures. saturday is anticipated to be the warmest day of the next several, with sometriple digit temperatures and locations up to 20 degrees abovenormal. these increasing temperatures may increase heat relatedillnesses for the young, elderly, or other sensitive groups,especially those exposed to prolonged outdoor heat. the rapid increase in temperatures may not provide adequate time for acclimation to these hot temperatures, further increasing risk ofheat re

. >> tucker: marissa mayer spent five years as the ceo of yahoo.r, no one is shouting yahoo! about her performance. but she got super rich for wrecking that company. how exactly did she do that? we'll tell you, coming up. ing tk aussie 4! soup and salad. center-cut sirloin and dessert. a four course meal, starting at just $14.99. the outback aussie four course is a big win... but, hurry in! it's not 4 ever. swhen it comes to molding young minds, nobody does it better. she also builds her own fighting robots. destroy. but when it comes to mortgages, she's less confident. fortunately for sarah, there's rocket mortgage by quicken loans. it's simple, so she can understand the details and be sure she's getting the right mortgage. apply simply. understand fully. mortgage confidently. if you have a garden, you know weeds are low-down little scoundrels. with roundup precision gel®, you can finally banish garden weeds without harming precious plants nearby. so draw the line. just give the stick one click, touch the leaves and the gel stays put killing garde

ssnesi insider reports marissa mayer is walking away withio pa. >> two grass fires broke out around the same time today in the bay area. fire fighters in vallejo held the line against this fire as it crept down a hillside right toward a house. this is the north side of lak beriessa. er it elicoptetw, rsnktao down. sky 7 was over orinda wrehe bur lines. it made it a tough fight for fire crews. they had u o t seget clolose to the flames. this fire charred about an acre. >> warriors fans are excited to celebrate the team's win on thursday at the parade and rally, but they are less thrilled about the crowds and chaos on transit, especially one th system. abc7 news's leslie brinkley is niot at the epicenter bart leslie? >> reporter: good afternoon. i can give you some of the tips bart offered up to us today. they said avoid this lake merritt station on parade day. it is likely to close early and trains could even bypass it. it is one of many tips they offered out to commuters and parade goers. thursday, they said, let's just be civil and roll with the changes. barton thursday will certainly

y con esto la directora ejecutiva de esta empresa ''marissa mayer'' dejar el cargo con un pago de liquidacinolares.. -- la marcas sern renovadas conjuntamente bajo una nueva divisin llamada ''oath''.. --se esperan despidos masivos en los proximos meses.. vo lorena -- la procuraduria federal en mexico ofreci una recompensa a quien de informacin que conduzca a la captura de los asesinos de seis periodistas en ese pais. -- el gobierno ofrece un millon y medio de pesos por informacion de cada uno de los casos, lo que equivale a cerca de medio millon de dolares. -- la recompensa se entregar de forma proporcional en relacin con la veracidad de los datos proporcionados. take vo/cesar --esta noche se registraron dos explosiones en mercados de pirotecnia....el primer incidente se di en la localidad de zumpango en el estado de mxico, donde las autoridades han indicado que se reportaron dos personas heridas pero no de gravedad. segn inform el secretario de gobierno, jos manzur, se trat de un accidente por un error humano. take vo/lorena --y esta historia se repiti en la localidad de chalco, donde una p

train to about the names you listed on there, marissa mayer available but marissa mullally was creditedith the success of ford and the suffering since. some very interesting names on the list. reporter: and the company. train to very good story. thank you very much. another headline, u.s.a. is set to go public today. but will be the biggest u.s. telecom ipo in 17 years. 63.9 million shares at $30 each raising $1.9 billion at more than 20 billion. the stock will trade on the near stock exchange under the symbol u.s. they further merger of cablevision and suddenly communications. the ipo is coming at a time when u.s. telecom stocks have slumped this year can we have a theme a lot of ipos. >> let's take a closer look at it with adam johnson, founder and author. >> great to be with you too. i wouldn't touch this thing with a 10-foot pole. this is like the t-mobile up to cable business. this is a tough market. i'm not sure why anyone would get into this market but it's really more about rugby and access. another theory is that the attraction is for this company is a scrappy european upstart,

among those reportedly in the running are former yahoo ceo marissa mayer and facebook‘s ceo, cheryl sandbergds. thank you, michelle. joining us is jane foley, senior currency strategist, rabobank. you are doing markets with us, but i will mention a market related story thatis will mention a market related story that is now live —— that is on our live page. there was a dip in the gold price of 1.5% yesterday — tell us gold price of 1.5% yesterday — tell us why and explain what fat fingered trade means. it means that the market has aggressively given as a price move. what happens is, there are various orders in the system that immediately get filled and the price moves back very aggressively. we call it a fat finger, which probably means somebody made a mistake. literally, their finger is too fat and they have gone to press wonky and hit another one. too fat and they have gone to press wonky and hit another onem too fat and they have gone to press wonky and hit another one. it could have been that, or an extra zero, perhaps. somebody somewhere is probably pretty embarrassed. when you do that..

marissa mayer's is stepping down. it'll be led by former aol ceo, armstrong.im cook will discuss plans for self driving technology. publicly, for the first time. this is bloomberg. ♪ emily: after years of speculation, apple is listing the veil on its car ambitions, focusing on technology that makes autonomous driving possible. for the first time ever, apple ceo tim cook opens up about the push in an exclusive interview. he also talks about his outlook on china. china, for us -- we make our decisions for the long-term. we are not investing for next quarter or next year. we are thinking about many, many years out. as i stand back and look at china, i see mega trends of their that make china an incredible market. i do not mean just the market to sell in. i also mean a market for application developers. we have a million and a half application developers and china now. probably closer to 2 million now. it is an incredible marketplace for talent and the size of the market place. -- marketplace. economic-term kinds of moves up and down, i do not get excited about. h

ceo marissa mayer resigning. she will get a $23 million severance package on her way out.. >>> "early start" continues right now. more on our breaking news out of london. >> to suggest that i participated in any collusion is an appalling and detestable lie. i am not stonewalled. i recuse myself from any investigation into the campaign for president. but i did not recuse myself from defending my honor against scurrilous and false allegations. why don't you tell me? there are none senator wyden. there are none. >> certainly was a testy day on capitol hill. a defensive jeff sessions denies any collusion with russia. >> welcome back to "early start," everybody. this wednesday morning. i'm christine romans. >> i'm brdave briggs. >>> firefighters battling a blaze that consumed a 24 story apartment building in west london. authorities being tight lipped saying only there have been a number of fatalities. the cause of the fire still not known. cnn is on the scene. we'll go live shortly. >> let's talk about this top story. attorney general jeff sessions angrily denouncing claims he

. >> reporter: by the way, now former ceo marissa mayer will walk away with a severance package worth $23 million. kiet do, kpix 5. >> mayer is also leaving with stock worth $236 million. >>> san rafael police have arrested a georgia man accused of stealing a ferrari from a car dealership. police say rocky jimenez s aski poured gasoline on the $245,000 sports car. officers found the key in his bag as well as a key to another ferrari. there was no proof of ownership. police found $50,000 worth of property they think he stole from a commercial burglary days earlier. >>> it looks like an embarrassing fender-bender in the novato parking lot. it water a shopper in rush that did this, it was a 7-year-old boy. it wasn't a shopper. he stole his mother keys, backed into three cars and pushed a tree into a fourth car. no injuries and no charges filed. >> might be some other "krazy kids" got hold of a car one day. >>> brian hackney has the weather forecast. >> we are warming up to the weekend big time. over 100 degrees. traffic looks good now on the golden gate bridge plenty of blue out there co

former yahoo ceo marissa mayer might be under consideration. two prominent women who are said to be on the list facebook coo sheryl sandberg and uber board member arianna huffington have taken their names off the list. >>> looking to cut out the middleman goldman sachs says the world's biggest sportswear maker is close to a deal to sell directly to amazon. nike already sells gear on amazon through third-party dealers. the deal could bring nike up to $500 million in additional revenue. the potential partnership could mean more competition for dick's sporting goods and other brick-and-mortar stores. >>> virtual-reality being used to transport fans into music concerts. live nation teaming up to give fans a front row seat to their favorite band live without having to leave your couch. concerts are broadcast with 10 different cameras on stage behind stage and in the audience all you need is a vr headset and smart phone to download the next app.>> virtual-reality provides us this opportunity to experience the thrills and chills you can experience liv

former ceo marissa mayer of yahoo may be under consideration. two prominent women considered to be on the short list, sheryl sandberg and ariana huffington have taken their names out of the running. >>> police in brentwoods are identifying a shooting. >> rob malcolm has been in the neighborhood all morning long. we're hearing you just spoke with a witness? >> i did. i spoke with several witnesses this morning. there's still more questions than answers. police do have an idea of the people that they're looking for. this all took place behind me at this house here late last night on wednesday. we have video that was shot from the scene. you can see what happened here when police were called to the 200 block of birch street around 11:15 wednesday night. once they were here, they found the two men suffering from gunshot wounds, both were pronounced dead at the scene. apparently the two men tried to gain entry in to this house. police say the shooter also lives at this house where the confrontation took place. he was not injured and is cooperating wi

yahoo ceo marissa mayer will not remain with the combined company taking a $23 million severance packagegoing to talk about. in the meantime we want to welcome tim armstrong. the former aol ceo now today officially as of yesterday officially the ceo. >> good to see you guys. >> we're going to see you on the day within moments of the official closing but it's good to see you today tell us what has happened. so what is actually happening in the past 24 hours? >> sure, so yesterday i was in california, monday in boston, yesterday in california, the last couple days in california and we're basically putting the companies together so the deal closed you have the formation of yahoo plus all the aol brand, housed inside of verizon. you have a billion consumers one of the largest mobile companies in the world and we basically, trying to get the clarity to our job impacts happening this week so we're basically focused on that this week next week we're in france for major advertising and then after that this summer a major product sprint, and so the company's been a year of the deal coming to the

. >> this is a weird, i think, comment from marissa mayer i understand friendship and loyalty and clearlyl. the part about not knowing what was going on in the culture, i mean, he was very much a part of the culture. we all saw that video from the uber driver where he's addressing him, saying, you've got to take responsibility for your stuff, and i'm paraphrasing there. but he didn't know come on, i wonder what her angle is >> and as for lyft, the numbers show it is gaining market share. "usa today" take a look, june 5th, 2017, it had about 22% market share plus 78 for uber. a year before, it was only 7.7 fa7.7% for lyft >> we'll keep an eye on that when we come back, google's click czar will join us on the cyberattacks dow's up 164, a pretty good stdadth as we make up for yeery's losses and then some more "squawk alley" after this you always pay your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to

marissa mayer, stepped down from chief executive yahoo!lso in the mix and tim armstrong, former aol ceo, and john martin. kalanick on stepping down from the company he helped start, i love uber more than anything else in the world, at this personal difficult moment in my life i accepted the investors request to step aside so that uber can go back to building rather than be distracted by another fight. the board said travis always put uber first. this is bold decision and sign for his devotion and love for uber. by stepping away he is taking time to heal from the personal tragedy and giving the company room to fully embrace this new chapter in the company's history. we look forward to him serving on the board. kalanick's exit came from pressure from top executives that wanted the troubled ceo out. uber is scrambling to clean up its corporate image after a string of recent scandals, internal investigations and lawsuits led to number of resignations of top executives. trish, the company is looking for chief financial and chief operating offic

marissa mayer, she spent five years running yahoo and became one of the most famous business leadershe world. the newspapers assessment is proof that it was in fact disastrous for just about everybody except for her. from 2012-2017, yahoo cut half of its employees. half. she failed to fix the core business models and made a couple of disastrous acquisitions like buying the blocking platform tumbler for more than a billion dollars. yahoo suffered massive privacy breaches and failed to properly address them. actually users of yahoo were hurt by that. she threw a wizard of odd themed photo shoots and that cost $70,000. and embarrassed everyone but her. she also tried to glamorize herself, in 2013 she did a photo shoot for the fashion magazine, vogue. morale at the magazine was poor. she allegedly refused to sign because they didn't have a college degree. a lawsuit accused her of discriminating against men. in short, it was a gigantic disaster from start to finish. the core business will be bought by verizon in a month from now for less than $5 billion. it was once worth more than $100 b

ceo marissa mayer is coming to his defense, suggesting kalanick was unaware of the culture brewing at uber because of the company's rapid growth. according to "the chronicle" mayer made the remarks while speaking at an event at stan yesterday and she said, "i just don't think he knew. when your company grows that quickly, it's hard." she impair compared to the early days of google. >>> happening today, fireworks stands are opening up in some bay areas. fourth of july a few days away. >> of course, there are restrictions to keep your family safe. abc 7 reporter tiffany wilson is live in dublin with more. >> reporter: good morning, reggie and jessica. yes, in just six hours this stand behind me and a dozen others like it in dublin open for business. high schools and churches are thrilled with the fundraising opportunity, however, fire officials say there is a lot to keep in mind before you buy fireworks. only safe fireworks are legal in california, so nothing that explodes or leaves the ground. and not even safe and sane fireworks are allowed in most bay area communities. >> where the p

and she is glad the action is being taken to address this, but other names being bandied about, marissa mayerhoo!. we are seeing some other names put in the ring, the likes of tim armstrong. many names are coming up. people will experience with caliber and notably, who can change the culture of the business. matt: caroline, you're going to join us later. i look forward to an interview with the ceo of a company that does a lot with blockchain. caroline hyde will come back with us about your it up next, prime minister theresa may had to brussels to meet with e.u. leaders to play what brexit actually means. i am here to meet her. i will see what is on the menu and hear what she has to say. hopefully, at dinner with the 27 other e.u. leaders. this is bloomberg. ♪ matt: what is on the menu? theresa may meets with e.u. leaders tonight at dinner from the first time since her disastrous election. is ex-patike it rights for starter. will they be picking up the bill at the end as well? hunting the hawks, pimco's representative says the fed is at risk of making a mistake show -- a substantial mistake. b

i mean, they see sheryl sand berg, marissa mayer, meg whitman, but those are not accessible role modelsyou're a student. it just feels like that's so far away. they really need the chance to actually meet real women that are in the field, entry-level, mid-career. it's wonderful to see senior women as well, but they also need to have access to women that are more close in age to them. and i think the hopper conference is such a fantastic example of that and how that's working. so that was, ultimately, why we were there. and we just had the most amazing opportunities when we went back to these campuses. >> yeah. i spent some time at stanford. if you go to stanford, you can do whatever the heck you want to do, but i have to say there's a group called she plus plus which is a play on the word c plus plus which is a computer programming language. basically, that's where you start your computer science studies. the interesting thing was not only was this group of college students its own network that included not just computer scientists, but engineers, and some of the women were actually dou

he question will marissa mayer step in to run uber. she is no longer at yahoo!t sure. maybe. it wouldn't be out of the realm of possibility. stuart: get ride leadership at uber you restore their position, restore their valuation. if you're the person at the top who does it, you walk a way with a chunk of money. liz: that's right. keep cost down. uber prices are running high right now. stuart: great story. thanks, lizzie. health care reform, obamacare taxes gone, the individual mandate, gone. that is in the latest proposal t would reduce, lower the deficit, would lower premiums. wouldn't that be a pretty good start? again i'm saying it, again and again, something is better than nothing. my take at the top of the hour. ♪ welcome to holiday inn! ♪ ♪ whether for big meetings or little getaways, there are always smiles ahead at holiday inn. stuart: joining us now, congressman mia love, congresswoman from utah. one of your constituents is in prison in venezuela. tell me about him. tell me what you're doing to get him out? >> joshua holt has been in venezuela over a ye

. >> why are people floating marissa mayer as someone that's going to take over uber.ul don't you think? >> i do. >> you shoot down everything i like that. >> you speak about uber, one that had almost as much as a $70 billion value in the private market given it's last round of financing but when you lose your founder though, fiber led is is important. alibaba has ma, zuckerberg at facebook >> if i were these four members i would have brought someone in as a senior guy to be the public face. >> kept him as chairman. >> the model which is you bring in a seasoned hand who everybody loved by the way, made it so that was the next leg of google was when they brought in a seasoned hand. that's been the formula. now zuckerberg turned out to be the seasoned hand but he also has fabulous staff. >> yeah. all right. aaba got to get used to that. 384 million shares of alibaba. it has a lot of cash. >> so banks are leading today. some leadership. >> there's a little bit of leadership from the banks even with a 2 -- what are we, 215. >> what is it about toshiba. >> other than what w

so the deal is done and marissa mayer walks away with the huge golden parachute.illion deal in they are resigning or stepping down with gratitude and optimism. what does she get. she has a four four and head million shares of yahoo. another 23 million. she walks away with about 200 60000000 dollars. of course verizon going forward will be able to offer you the brands. moving on to another big story today and as sprint. they're trying to woo customers. is not exactly freight because there are administration fees that are $2 and also regulatory shipping. a family of four well save over $2,000 by switching over to sprint but it's only directed at verizon customers. this is sprint hitting verizon. one of the made -- main roads into the yosemite national yosemite national park has been closed by a large rock slide. it is going to remain closed throughout the weekend. about 4,000 tons of rock black that road. they used the entrance each year. it can still be accessed by other highways. the company called superman inspired by the character from seinfeld said it's lined u

ceo marissa mayer giving travis kalanick somewhat of a pass on uber's workplace culture.resigned of ceo of the ride hailing company after months of scandals and controversy speaking at stanford mayer said i think he's a phenomenal leader i just don't think he knew when your company scales that quickly it's hard. she also compared uber's situation to the early days of google when it first brought in eric schmidt as ceo. she's very interesting because historically, if you ever ask her about gender issues, she said she's like gender agnostic, she doesn't care about that stuff, she doesn't look at it, she's not about empowering women, she just looks at it in a different way. >> she's also somebody who has been scrutinized pretty closely and been under that glare and understood when things might be in your control, and when you feel like you're getting not a fair shake >> i appreciate her not saying all the things she's supposed to say. oh, we cannot tolerate this behavior -- >> i should say the true cynics, the true cynics have suggested, and she's been sort of mentioned abou