mcadam took over in 2011 as ceo.r fs of age his tenure thought to be around six to seven years that it will, in fact, be. having ta similar timing, june announcement, august stepping down same thing that they did.simila announcement, august stepping down same thing that they did in a potentially disruptive world that's changing quickly, the focus on 5g, the national rollout of fiber and what they hope will be 5g capability around the country are the key thing that differentiates verizon from its competitors mcadam told me as much a few months ago >> i have been in this business since the first phone call back in '84 i have never seen a technology that will be more disruptive and have more benefit for consumers than 5g. it's so completely obvious to me it won't be the traditional way where your speed to your handset will get you excited it's the ability to do autonomous vehicles. you can't do it without 5g. >> a lot of other things as well this will be the key focus, of course, for vestberg as he takes the helm it wil

. >> one note on that, i was in a mcadams. we have to remember that pelosi is just as big a problem in those red drikts sistricts.he's love. he said i will not support her. it's time for new leadership. he's very conscious of not being tied tot old guard of democratic adership. when i spoke to mia love about that, she said well, we'll see. they're going to try to put the nancy pelosi taint on him in that district to defeat him.

for us this is pure signal, pure leadership sign that verizon will be the leader in 5g. >>> mcadam saying that the board wanted somebody to be are to be innovative. this comes as they lieu subscribers to the number three mobile carrier t-mobile, positions with lowerts c and more perks. it recently announced a mergeser with sprint. vesberg saying with precedented changes in the way users interact, the company is racing ahead. for "nightly business report," i'm julia boorstin in los ge >>> it is te for tak a look at some of today's upgrades and erwngrades. pfhares were initiated with an overweight rating in new coverage at canter fitzgerald. the analyst expects pfizer to have -- despite the -- the price target is $45. the stock finisd slight slightly higher to 36.67.th same annual it's with an overweightti . the firm cites -- the price target is $100. the shares wer a fraction to 86.08. >>> dow component chevron was initiate with a buy rating. the analystxp therets the company's annual oil production to grow thanks to what he cls the mega-asset areas. price target $145. that stock was press

politics dela mcadams again the says that it's absurd therefore to not share that prove. the idea that you're accused of a crime and you're not allowed to see the evidence against you is ironically this is an absolutely extraordinary case robert mueller the special counsel is now bulking in claiming well russia is still meddling so i cannot put this evidence i cannot let the defense defend itself because it would aid the russians in their continued meddling in i don't know what in america certainly to me it doesn't sound right it sounds like again they're trying to escape a trap of their own creation or just do a potted recap here robert muller of course took over the federal government probe into alleged collusion between donald trump's campaign and russia during the twenty sixteen us elections three companies and thirteen russian nationals fell under investigation on one of the companies pleaded not guilty. eight hundred nuclear activists have been arrested in belgium after breaking into a military base they claim the nuclear weapons stored there for the last sixty year

leo: that is why i do not want to sit in lowell mcadam's seat at verizon. next deal that will probably get done, that transaction between sprint and t-mobile will probably go forward. there may be some assets spun out to make it more palatable to the regulators. where does for eyes and sit in that -- where does verizon sit in that? the toughest jobs prior to yesterday were randall stephenson and mcadam, who had a competition,ly, no and woke up one morning and everyone was competing on price. is going downn the 5g route and concentrating on distribution. who is to say that is not a good idea when everyone is trying to grab as much content as possible? no one is quite sure how watching will be done. leo: the pipes business is an agnostic business. brian roberts is going down the 5g world at comcast and rutledge is going down the 5g world at specumnd so will randall stephenson. 5g is frosting on everyone's cake. it does not cause me to predict a verizon subscription ov a&t s. what i seepening is competition on price. i think randall will not compete -- will co

mcadam will continue on as chairman of the board.zon shares seeing minimal gains, 1%. online clothing styling service and retailer stitchfix in fashion this afternoon. blowing past profit and revenue estimates for the quarter as subscriptions surged 30% in a three-month period. stitchfix announcing it will be launching online platform to shop for children's clothing as well. falling over 11% in the past month. shares are making up for it today. up 23% in the session. >>> and a sad note to finish ofamily, friends and fans mourning the death of famed chef, author and tv host, anthony bourdain whose body was found in a hotel room in france today. cnn confirming suicide as the 61-year-old's cause of death. running a small business is demanding. and that's why small business owners need more. like internet that's up to the challenge. the gig-speed network from comcast business gives you more. with speeds up to 20 times faster than the average. that means powering more devices, more video conferencing, and more downloads in seconds, not mi

don't you mcadams executive director of the new mcadams executive directed the wrong pawn pull in will institute things been through chewed things the new law would affect all would effectively put coldly put worth out of a job out of a job. this is much this is much worse mothers much worse than the band the present presidents current and current authority authority it grants what giants what judge judge engine apollo engine apollo tonto tonto called called an unconstitutional constitutional missional mish mash mash to allow us to allow the present president isn't to declare to declare war a war or forever or wars without conferences or wars without congress'. involvement whatsoever and never whatsoever is a huge huge disconnect connect check in washington in washington and cause congress to increase loves loves the war wars or is what we're sloshing war is what washington this mission is made of wood of war is or is washing washington's never watches number one export export has caused congress official officially throwing up its offer own guns and saying it's arms and saying you kno

. >> reporter: and mcadam telling nbc the board wanted a fresh set of eyes. verizon shares are up 38%. that's far underperforming the dow. verizon struggled with competition losing subscribers to t-mobile. its positioned as a lower cost user-friendly alternative, and mcadam is buying aol and yahoo! draws scrutiny inat&t, making mn content. back to you. >> thank you very much finish that in los angeles. catch cramer's interview with the ceo, tim armstrong at 6:00 p.m. eastern time on "mad money. >>> inside look at america's latest super computer that could give the country a much needed edge on everything from machine learning to autonomous driving in the race for computing supremacy. >> speaking of races, eric is at the triple crown with justified, eric >> reporter: okay, i'm going to see can i can get on the horse and track, t buif not, we'll talk about the triple crown when we continue. >>> welcome back after winning the kentucky derby and preakness, justify will attempt to be the 13th horse to win the triple crown tomorrow in the running of the 150th belmo

. >> hans vestberg succeeds lowell mcadam, who's 64 succeed him august 1, 2018 vestberg is 62 currentlygy officer mcadams said i strongly believe in the power of training to grow long-term growth and innovation. for verizon, the time for a change in leadership is now, and i'm confident that hans is the right person to bring verify rising through its next chapter. signberg is gone. >> been gone for quite some time. >> all right makes sense, then that they replaced him with this guy. >> and the company trying to make the point this represents a change in leadership, not a change in strategy shifting what they're doing, not really. >> yeah. >> and where does this leave tim armstrong? >> i don't know. is he -- you have to ask him. >> i saw tim yesterday for a second here for -- i don't know what that -- just a anecdote. anyway, in other corporate news, docusign beating the street in its first quarterly results since ipo in april stock up more than 50% since the ipo. stitch fixes latest numbers bet than expected. added more subscribers to its online personal clothing line service. i need one

don't you mcadams executive director at the wrong paul institute says the new law would effectively put congress out of a job this is much much worse than the president's current authority it grants what judge andrew napolitano of called unconstitutional mishmash to allow the president to declare war over wars without congress' involvement whatsoever is a huge disconnect in washington congress loves the wars war is what washington is made of war is washington's number one export congress officially throwing up its arms you know what we give up it's all over we're just going to sit. there in front of the camera collect our paychecks and do nothing. meanwhile the u.s. secretary of state has raised some eyebrows with a tweet taste sent marking the seventy four years since the d.-day in world war two it was then that u.s. and allied troops landed in normandy to liberate western europe from nazi forces the secretary's message on the edge to fight off the allies against nazi tyranny but made a cryptic reference to modern tyranny without a lab orating exactly what he meant and u.s. state depar

arrested was not only handcuffed but strapped down on a stretcher in an ambulance before receiving mcadam in some other words they were already restrained in custody that have to hold him down they were already locked up. but there is some pushback against the report and have been in a mess of medical director geoffrey howe and minnesota poison control system medical director john cole dismissed all the findings as reckless an incomplete telling the newspaper that the draft report will prevent the saving of lives by promoting the concept of allowing people to exhaust themselves to death. police abusing their power citizen's big drug without their consent by powerful pharmaceuticals while officials down blay the whole issue yeah this is america in a microcosm until we start watching the hawks. but you get the. real deal with. the bottom. like you like i got. this. week so i. welcome aboard watching the harks i am tight rope and sore and i'm having to listen joining us from minneapolis minnesota to discuss this controversial port on the minneapolis police in the mts use of ketamine on citiz

politics daniel mcadams again says that it's absurd not to share the proof the idea that you're accused of a crime and you're not allowed to see the evidence against you is ironically this is an absolutely extraordinary case robert mueller the special counsel is now bulking in claiming well russia is still meddling so i cannot put this evidence out to not let the defense defend itself because it would aid the russians in their continued meddling in i don't know what in america certainly to me it doesn't sound right it sounds like again they're trying to escape a trap of their own creation just to remind you probable took a federal government investigation into alleged collusion between donald trump's campaign and russia during the twenty sixteen u.s. election three companies and thirteen russian nationals have been challenged. right that's it for now we're back live with out teams will come by in central moscow in about thirty minutes from now thirty five minutes in fact i'm calling bright this is all to international. when a loved one is murder it's natural to seek the death penalty fo

mcadam has been chairman for seven years.res of apple are lower after a report that the company has warned the supply chain there will be fewer iphones her. they have told suppliers to in the secondrop half. the report says apple is conservative when it comes to ordering parts. -- stock rose by the maximum 44%. $61 has a market value of billion. -- cranking out iphones. summithe group of seven against today and trump is already on the defensive. he tweeted this morning "canada 300% onthe u.s. with a on daily tariff products." macron called the tariffs illegal and a mistake. and he won't sign the joint statement unless progress is made on the tariffs and justin trudeau says this is totally unacceptable. nuttall.e now is neill and michael mckee is sticking with us as well. trade risks, how do you price them in? how do you hedge it? neill: it will be a very interesting week and thinking about the trade side, we take a view, theand in our global economy remains in the expansion phase of the business cycle, admittedly moving towar

nosotros solicitamos una entrevista con ryan mcadams, el joven que entrevisto-- arrestÓ al por supuestoero antes, en varios paÍses es un tema empanado sin considerar las circunstancias. >> entonces me capturaron, me abusaron de aborto. >> comparte sus ventajas ahora mismo en facebook, instagra cuando estás con tus amigos, puedes decir la verdad o echarle más crema a tus tacos. cuandosi no pregúntalemigos, puedea dos equis.erdad la única cerveza presente en la batalla de cinco de mayo. ♪ dos equis. keep it interesante. dos equis. si estás buscando agregar un toque agridulce, algo crujiente, o absolutamente nada. la experiencia es siempre extradorinaria. >> envÍanos un masaje a travÉs de facebook, twitter, instagram y univisiÓn noticias.com. participe en la conversaciÓn con que nos estÁn viendo "aquÍ y ahora". >> el salvador tiene una de las leyes contra el aborto mÁs estrictas del mundo y un grupo de mujeres no quiere que otros pasen por lo mismo. por primera vez dos de ellas hablaron en profundidad con ange y sandoval sobre cÓmo soportaron unas acusaciones dolorosas. >> teodora dice que

a lot over who would take over verizon because lowell mcadam who is a year from his 65th birthday willnd of a quiet and to the week. today, really quiet on the front. 2.94,r gilts picking up but again a couple of weeks ago, we were all over. >> let's take a look at currency land. euro, ecb decision and whether they would do it by the end of the year. have on track to gain around 1%. the question is can the euro-dollar continue to strengthen and i will talk about which gives you the sense of which options market. also want to point out the euro swiss as well. on whether the missions central-bank has sold authority over my supply. what eventually up in banks, but a little bit of a risk they're playing out. i mentioned the risk russell and i just want to point this out. what does this say when it indicates the added premium to protect against the euro downside dollar heading into next week and this is what this chart is telling you. the one-months risk reversal which is what this is telling you. quickly, i would just take and pull up screen the performance from the last five days. you can

. >> one note on that, i was in a mcadams. we have to remember that pelosi is just as big a problem in those red drikts sistricts.he's love. he said i will not support her. it's time for new leadership. he's very conscious of not being tied tot old guard of democratic adership. when i spoke to mia love about that, she said well, we'll see. they're going to try to put the nancy pelosi taint on him in that district to defeat him. >> it's also proof, especially if you're a democrat and you have a young woman running in your primary, wa you're seeing it across the country. it's the year of the woman in american politics. she did all the right things, but congressman crowley got a tad lazy andogant in that race. >>> up next, the supreme court's conservative wing wins again. the loser, organized labor. ouave moderate to replaque psor, or psoriatic arthritis, little things can be a big deal. that's why there's otezla. otezla is not an injection or a cream. it's a pill that treats differently. for psoriasis, 75% clearer skin is achiev

wase: lowell mcadam, there a view that he was not going to stay around forever.his mean anything internally at verizon about potential successors who might not stick around in the wake of this? john: it is possible, julie. the one thing i would say is that hans is a very enthusiastic guy. that enthusiasm is infectious. he's a very likable guy. i can see him sort of smoothing the waters. and communicating the vision well. what i always look for in a ceo is i want to see someone who is going to manage to a well-defined vision. i think he is very good at that. i think people respond to that. everyone wants to be on a winning team, right? i think anyone who might feel stunned by this or inclined to leave verizon because they were not chosen may think twice after talking to hans and getting a feel for the new culture. caroline: i've been lucky enough to have met him a few times. he is a very nice individual as you say. ericsson has not had the easiest time of it. i want to look at it future -- the future of verizon in his tenure. we have seen m&a whether it's consolid

in the meantime done in macao the meantime doesn't mcadams exams executive director of the director of the. city says the new law would have put new law would effectively. english out of a job out of a job. this is much this is much much much worse first then the presidents then the presidents current current authority already it grants grants what judge and judge andrew napoleon a politan want to know. called all the an unconscious constitution to tional national mission mishmash mash to allow the present president isn't to declare declare war we're war or forever forever war wars without us without conflict congresses vs. involvement whatsoever and whatsoever these are for you there's a huge disconnect checked in what in washington ten ten called congress interest love loves the wars the warriors war is what is what washed washington this mission this made of war is or is washington's number one exports washington's number one export has caused the response cause a figure especially throwing officially throwing up its arms and saying you know what happens arms and saying you know wha

premiered last year last fall at the toronto film festival and it's starring rachel wise and rachel mcadams in a story of a bit in love the same sex love between two women within the orthodox jewish community in north london so some great performances there give me my freedom and pretty provoking look at same sex relationships in the confines of religion i could go on forever but i know we have to stop. and go to the website absolutely more a. certain kind of helps with the pleasure of the fact the sort of social. more hours than iraq but the be. the best. gigs. the be. the be. the be. the be. the be. the but . the be. the be. the be. going to a loud germany sixty eight the buran like noah young people with. their parents and establish. these opposing forces the breaks. sixty eight the bush team. oh. could the asylum dispute spell the end for chance in america the government of german chancellor angela merkel could fall apart but not because the enemies are getting stronger can she resolve the conflict the sister party c.s.u. and the discord within the e.u. hectic consultations are taking p

so premiered at the toronto film festival last year and stars the wonderful rachel wise and rachel mcadams the two rachel's in a story of forbidden love in the orthodox jewish community in north london so that's another really hope until of course we have a clip but we don't have time to show it brady would have missed the pictures when we both have a girl crush on rachel he's definitely a dude we definitely do. something for you now before we go we remind you that unfortunately you have all the emotional rollercoaster of the germany match against south korea was not reserved for those on the pitch found across germany and around the world felt it as well and here's a taste of germany fan reaction from a two nil loss that sends the defending world champions. right that i am simply means i am. i am. i am. glad sometimes to get the bodies turned out. but the vast majority of mexico's two hundred thousand missing persons never found. mexico is in the grip of drug cartel some function. but human rights activists and family members cling to this for company. mexicans dying for justice in fiftee

mcadam who has been the ceo for almost seven years. that is your business flash. now, leaders for the g7 are preparing for a family photo. we all said it was going to be an interesting gathering, seecially as the other six the world in a different way than president trump. president trump has gone so far as to suggest that russia should make its way back into the group. there is justin trudeau, host of the summit next to the president. theresa may who has struggled at home with issues with brexit but have come to pass for now. and rising tensions with russia as well over the by poisoning. as well over spy poisoning. be.ecking order could fast photo. scarlet: isn't it usually longer? julia: they have important meetings to get to. scarlet: there is the president talking to chancellor merkel. we will keep you posted. from new york, this is bloomberg. ♪ ♪ >> this is bloomberg markets. back toack to go the g7, posting for the family photo. tensions are high as the trade talks escalate and russia was thrown into the conversation. joining us is stephen engler and managin

lowell mcadam has been the relatively short time ceo seven years is going to be handing the reigns tor. vestberg you're right it's a similar story in they want you focussed on 5g. that's where they're focussed. >> right. >> it would seem their fortunes are going to rise or fall on that bet. >> 5g i think a lot people have to be more worried than they are about what it is going to be by the way, the companies in the tech sector that are 5g are not doing well they're going down today is a weird day the individual stocks are down much less than the future supply but it's a long day. it's a very long day and we're going to start putting pen to paper for the companies that import 20% from china some of the department stores, for instance we're not going to love them as much as we do now. >> your buddy tusa might be right for the wrong reasons. ge is $13. >> tusa is my buddy. i didn't know that i wear a tie even when i go out. he doesn't wear a tie. you think jamie likes that >> jamie doesn't care. he doesn't wear a tie either. >> really? the tie is out. >> we're like the only people. >> lo

find it interesting that they don't have anything cooking that's big except for five g and lowell mcadam. vestberg is replacing him as ceo. >> he said he's made it clear they're not focussed on what he calls linear asset and the analyst community seems to be rallying around verizon. some say it's cheap versus historical norms and the idea of 5g and doubling down on its own business at&t shares down 18.5% for the year. >> wow. >> verizon is down 7%. it had been down a lot more than that at&t market cap, of course, has gone up a lot recently why? because the shares they actually gave to everybody in the time warner deal >>well, i just i find that verizon has become the beloved because it has no international. interest rates have gone down. they're not doing a deal that's a recipe of what people want. >> worst down day for the year remains ge 26% on the yield goldman is saying they should suspend dividend for 18 months in order to avoid an outright cut or downgrade. >> wow worried about a credit rate downgrade. tail risk associated they're talking about long-term care remember, they had $15

remember think about the pressure that mcadam at verizon must have felt when at&t bought directv threers ago. i remember the narrative on the street at the time was -- look at&t hasegy and a clear vision and verizon is wandering in theoods look how that worked out for at&t ou tnet toe an awful acquisition. >> why are you downgrading at&t today? based on the balance sheet >> that's right. it's the balance sheet, not the income statement so time warner is good for the income statement it's a growing asset the problem is at&t is so large that the entire asset they just bought, the entire company in time warner only amounts to 15% to 20% of revenues at this and it's the other 85% that's the problem. right? you've got three businesses. you've got a wireless business that has negative service revenue growth and negative ebitda growth. you've got a wire line commercial services business that is larger than the entire company of time warner that's shrinking at 3.5% a year and the other piece of the business is directv and the entertainmensiness that's shrinking and has negative 9% ebitda right