next speaker, please >> hello, i'm mike goldman i am not in my business relationship with waterfall wellness or greg i'm a member of access of love been on the committee of the medical cannabis when it excited. i found out through that my connections in the community about the connections of the management of waterfall well business ownersness but as a member of that collective i not not informed of the change i thought that was distressing they have a change of management if you're doctor is retained with another doctor you'd be unhappy people should know who you're doing business with. i don't understand the family business this is not supposed to be business it's about safe access for patients and about, you know, medical cannabis for patient if you don't have trusted providers if you don't know who you're providers are if you don't know know whatever is going on between the businesses this is not about figuring out who owns what this is is this permit a valid permit we can trust this operator to be concerned with the safety of the people of san francisco if we have an irresponsible opera

they're naming former goldman sachs banker anthony noto to replace mike gupta. coasterg senior west correspondent jon erlichman in los angeles with the details. hello. >> a lot of people are looking at this announcement as part of a management shuffle we have been seeing at twitter. recently we saw the chief operating officer leave the company. with twitter's wall street story, there have been concerns about two things with users. number one user growth and number two user engagement. all of that obviously affects twitter's ability to generate more revenue in advertising and make wall street investors happy. anthony noto is a guy who not only got to know the twitter team on the road to the initial public offering but has served in his past life as a wall street analyst. clearly inody who is this role to help better communicate the story of twitter to wall street, who is also somebody who has worked as a cfo, albeit briefly at the nfl. >> mike gupta has been serving as cfo. what is the plan? >> i thought this was pretty interesting. this is basically an area that

goldman ceo lloyd blankfein and michael bloomberg are cochairs on the advisory board. bloomberg television's stephanie ruhle sat down in a conversation with lloyd blankfein and mike bloombergn we think about your careers, lloyd you were not born

social network naming anthony noto its new cfo replacing mike gupta moving to senior vice president heading up strategic investments. n noto, goldman's lead guy on twitter the ipo last year. wall street likes the move. crossed above 40 the first time in a while earlier in the week, currently at 4276. bring in evan wilson, senior research analyst for internet and games with pacific crest securities. evan, good morning to you. >> hi there. >> obviously, anthony's a familiar name to the company. what does it mean to have him in the cfo spot to the street? >> well, first of all, i think you'll see a lot of happy cell side analysts this morning. anthony is a former competitor of ours and his $64 million equity signing bonus this morning i think makes us all very happy about our future prospects. seriously, i think the cfo role at twitter is, i don't think ever been a real strength behind the story, and i think naoto has t -- noto understands how to deal with the cell side, has that cfo experience from the nfl. seems like a great hire. >> but also, evan, experience on the buy side. done a ton of deals, his mall mark from time at goldman sa

goldman sachs. garlic who is staying with me and mike mckee joins in as well.ick off the conversation on yesterday. we all knew that these risks were out there. more,oubled up even seeing what happened in israel, but also what happened with the downed malaysian jet. jim, let me start with you and whether the risk factor has gotten even higher now that we have seen these developments. i like the fact that you described me as a renowned investor. [laughter] i don't know if i can justify it. >> we are generous in our titles. [laughter] i have to say, the past couple of weeks i have started to feel more and more nervous. i am looking at a bit of a distance compared to the old days. as the market in the u.s. has crept higher, the fed rhetoric has started to shift and yellen's testimony the other day was as dovish as it could have been. closer orcreeping changing the profile to move what the market is, you have got to be careful. nevermind the renewed turbulence in europe. surprising that you get the market tumbling like it has done when you get the horrible shocks o

goldman sachs banker as the new cfo. they lead the twitter ipo and had a varied background include being cfo of the nfl. gupta, whoes mike will stay on as vp of strategic investment. a powerre reports of struggle between himself and ceo hostile oh. twitter is also active on the acquisition front -- between himself and ceo dick costolo. what does this say about their future? i spoke to the former twitter director of hot form. i started with what he thinks joining twitter. >> i know they had a great experience with him working through the public process. he has a lot of fans inside twitter. one of twitter's biggest ruggles is being understood by the public market and bringing someone like anthony and to help translate between those worlds will be really affect it. you imagine is happening inside twitter with all of these moves at once? the head of engineering left and they've had a shakeup in the product department. what's going on? >> it's about fighting the right leaders at the right time to help grow and build the company to expand the opportunities they have. 300 million active users and i think they could get closer t

goldman sachs this morning. but coming back to russia, the ceo of the company, mike mac, that's his name, he found a certain message about russia. >> russia, cis is after the united states and after brazil is the third largest territory. >> but not small at all. >> not small at all. we're headed for $850 million and a lot of countries all around the world. it's important territory and it has some good leadership position and a number of those cropses and we're calling for stability, if not political certainly in terms of agricultural. >> talks were called off about acquiring your company according to rumor. what part of that can you confirm? >> there has been talk about industry consolidation every year several times a year since 2000 when the last deal was done. this deal, industry consolidation, here we are. >> we're going to go and talk with the analysts. in there, we have a particular chart that shows the growth of the dividend over the past year. 17% comp on annual growth. the cash is coming back to shareholders just as we said it would. and it's coming in the form of a dividend. the track record speaks volume

mike will be taking over the role of senior vice president of strategic investment. twitter has named a former goldmaner who had worked on twitter's ipo and .e will be the cfo of twitter his annual salary will begin at $250,000. catch all of the latest on tech and media at 1:00 and 6:00 p.m. eastern time on bloomberg west. we have the top 10 stocks you do not want to miss. keep it here on "in the loop." ♪ .licks welcome back it is 26 minutes past the hour. bloomberg television is on the markets. rightt fu has the latest before the open. >> the third quarter, futures indicate a higher open. futures have been climbing throughout the premarket session. there was economic data overseas from china. pmi rising. that helped encourage global stock higher as well. some local manufacturing numbers , along with construction spending numbers and a car sales. we are on the markets again in 30 minutes. we are awaiting ford's sales numbers at any moment. these are the only stocks you need to know about today. let's start with number 10. goldman sachs. are downgraded to market perform from outperform at sanford berns

and also today, the financials and goldman as we head into hearing from some of the major banks getting a downgrade today. >> i think mike point about the market being a little too bullion or overbought. i've talked a lot on this show about how the hedge fund managers i've talked to are sort of buying stocks but holding their noses at the same time and waiting for the bottom to fall out. we had stock-specific news today as well, well, general and specific. one is i would point to the cost-cutting theme, the fact that the efforts the banks are engaging in aren't enough to make up for pay expenses that continue to be high as well as new regulatory expenses and there's no sign of the regulatory expense set slowing down. i mean, if you think about even today hearing about higher frequency trading and perhaps new changes to the structure on wall street. and goldman, interestingly, we have that story about lloyd blankfein thinking about succession, introducing some of the new generation of leadership to the board and also in very casual and in the course of business, but a story like that doesn't end up in the newspaper lightl