mike isaac of the "new york times." from washington derek thompson of "the atlantic" and here in new york max chafkin of bergs -- of bloomberg businessweek. pleased to have them all here. max, this may have been the biggest news week of all. >> this is pretty stunning in sense that travis kalanick had full control of the company in almost every way. he was c.e.o., had voting control and board control so he had to be the one to decide to step away and it was something pretty much unthinkable some months ago. >> glor: he had board control till he didn't. >> that's right, they slowly started turning on him over time. i think the problem for a long time he stacked a number of the board seats in his favor. he has a few close friends that have been in his corner, and then suddenly the directors, many of which have billions of dollars riding on uber, started to figure out this company needs to be led by someone other than travis at least right now. >> glor: so, derek, it's going to be led by someone at least for now other than

of sexual harassment now all eyes are on the near term future of travis kalanick let's bring in mike isaacmitchell green good morning to you both mike, we talked yesterday about travis' future do we know more today? >> i think it's still up in the air. the latest ei've been hearing, essentially the company has to sort of figure out whether they will slap him on the wrist or have him go away in a sort temporary leave absence in the morning. i don't have any indication that he's going to step down entirely or leave the company, but i do think that there will be some sort being organizati sort of, okay, we need to take him out the limelight for a bit sfwlp wh >> what needs to happen in your view? >> i think that the board will do the right thing they are xwig progressiare big l investors. and i think travis should stay at the company i don't know if it should be in the ceo role, but he is a visionary. he built an enormous built that is changing the way people live. and unfortunately, silicon valley is kind of like wall street in the '80s and '90s. a lot these -- it's like the brokaws out ther

share holders staged a revolt joining us now on the cnbc news line, the man who broke the news, mike isaactech correspondent from the "new york times. tell us how this went down what type of investor revolt are we looking at? >> yes so i think essentially the five of uber's biggest shareholders from some of the earliest rounds of the company essentially had enough of the prolonged sort of scandals under uber ceo travis kalanick or former ceo and so they got together and essentially sort of put together a list of what i was told was four different demands the temperature of which was that he step down. travis step down as ceo. and others were to have better governments on the board have different sort of directors being named. and then also to appoint new -- appoint a new cfo which they have been without for quite some time now and a few different -- i think one other one that i'm forgetting now those are the biggest ones >> did they have outright power to do this could kalanick have pushed back if he wanted in terms of the voting rights he has does this change the path going forward for th

mike isaac of the new york times. thank you all for your time.eciate it. ♪ [ noises inside can ] [ laughing ] it's driving me crazy come on. [ spitting from tongue ] time for my secret weapon. sports, movies, tv, ah, show me music to distract a minion. [ voice remote click ] oh! [ pharrell starts to play ] [ minion so happy to see screen ] ahh! i'm pretty smart. ahhh! [ lots of minions ] [ mooing sound ] show me unicorns. [ click noise for tv ] ahhh! that works too. find your awesome with the xfinity x1 voice remote. see despicable me 3. in theaters in june. ♪ >> > >> he is the 20th president of princeton university and has held that job for four years after spending the previous nine as the university's second-in-command. he is also a supreme court scholar. he has tried to engage princeton more deeply and closely with american society, welcoming navy rotc back to campus and increasing economic diversity. chris, welcome to charlie's table. >> it is a pleasure to be here. >> i want to read something you said at the princeton graduation couple of w

i spoke to max chafkin of bloomberg "businessweek," derek thompson of "the atlantic" and mike isaac of." >> this was pretty stunning in the sense travis kalanick, the c.e.o., had full control of the company in almost every way. he was c.e.o. he had voting control. and he had board control. so he had to be the one to decide to step away, and it's something that was pretty much unthinkable a few months ago. >> glor: derek it will be led by someone, least for now, other than travis kalanick. but travis kalanick was and is uber. >> exactly right. travis is as responsible for the bottom line, rest new, as the culture. in many ways the revenue came out of culture, this incredible relentless focus on improving the product, making sure it was as good as possible, growing, growing, growing, and allowing some of the top reformers in the country get away with that with what we now know was heinous behavior. >> glor: the company is still losing money. >> they have big battles in many sphaeps they have been pouring money from venture capitalists for years and years subsidizing every ride we take wh

. >> mike isaac at "the new york times" broke the story in the middle of the night. >> yeah, i saw thisas on "squawk" this morning. talked about whether or not the board was really looking to a new round of fundraising, an ipo in which a public face of the company needed to be a little more less extreme, less aggressive. >> look, i think that in theen he wasn't made for primetime he sure was made to fight every country that was against him you had to have a brashness and a belief in yourself now his confidence bored on overconfidence his insulance boarded on being broughty i've met him a couple of times i like the guy he told me he could buy me and sell me. that's fabulous. i didn't know i was for sale terrific what price he's one of those guys hey, i can buy you and sell you. how are you? then he was very charming to my wife i don't know the guy can be charming. i mention that only metaphorically he can be charming and he can be without a doubt -- i'm not going to use a word because there's a word that comes to mind, but -- >> well, that word -- he was self-aware. >> that's what's so f

gdp right now >>> when we come back, uber is in the spotlight again "new york times" columnist mike isaacit comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. >>> welcome back i'm dominic chu. markets are moderately higher with consumer discretionary one the. among the leaders, you have travel stocks like priceline.com, also trip adviser and expedia. royal caribbean, as well up by a percent or more at this point. sector also down for the month but this is the year's third best performer so far. but take a look at some of the retail etfs out there, all of these stocks doing their part to at least try to rebound. but remember, some of the struggling retailers have a very long way to go before we see any kind of improvement from their performances many them sti

but at uber we are passionate about learning from them >> joining us on the "squawk" news line mike isaacf "the new york times." he broke the story of kalanick's departure overnight. mike, thanks so much for calling in we really do appreciate it it was a fascinating story to read give us a sense of how quickly this turn of events happened, and whether or not there was urgency on the part of the five shareholders who revolted. >> hey, yeah, thanks for having me it was super fast moving story hence coming out at, you know, 10:00, 11:00 at night on the west coast essentially, you know, as we sort of tracked this, travis kalanick has taken a lot of heat over the past few months for the culture that has sort of come up at uber underneath him whether that's for, you know, some of the sexual harassment allegations that have come out there, or just the sort of general sense of brashness, and aggressiveness going on there. and you know, after sort of a prolonged set of scandals that kept occurring, the, you know, five of the largest shareholders that uber has said essentially enough is enough and

. >>> up next, new reporting on some of mike flynn's controversial clients and the warning signs that were missed. isaactered gravity defying moves to amaze his audience. great show. here you go. now he's added a new routine. making depositing a check seem so effortless. easy to use chase technology, for whatever you're trying to master. isaac, are you ready? yeah. chase. so you can. only tylenol® rapid release gels have laser drilled holes. they release medicine fast, for fast pain relief. tylenol® he's happy.t's with him? your family's finally eating vegetables thanks to our birds eye voila skillet meals. and they only take 15 minutes to make. ahh! birds eye voila so veggie good ready or not, here i come.ek.) ♪ anyone can dream. making it a reality is the hard part. northrop grumman command and control systems always let you see the complete picture. and we're looking for a few dreamers to join us. >>> if i -- a guy who knows this business, if i did attempt -- a tenth of what she did, i would be in jail today. so -- so crooked hillary clinton, leave this race now. >> general michael flynn campaigning

isaac, are you ready? yeah. chase. so you can. (mikelibs) >>> warm sunshine this morning as you get ready to head out the door. here's a live look at palo alto, and we are going to see that sun heating things up. here's a look at the temperature trend for sunnyvale. we'll be at 73 degrees at 10:00 this morning and some mid-80s by early afternoon. upper 80s later today, well above our average high temperature for mid-june. 78 degrees. heading into the weekend, it gets really hot. i'll talk about that coming up at 6:18. >>> and we're looking at the bottom number, that is southbound 880. a little light build down in toward the san mateo bridge but that's what we have this friday. we'll talk more about your commute coming up. >>> mike, kari, thank you very much. some new video into our newsroom shows a wild chase in southern california. it ended with a man fleeing to a rooftop. all of this last night in los angeles. we're listening to the chopper people there describing what's going on. there's the chase. he gets out of the car and starts r

mike, thank you. i thought we had a few more minutes with you. let's bring in isaacdirector of a super pac which sort ported hillary clinton in 2016 and the g.o.p. strategists for george w. bush. okay. health care, tax reform. i'm finished ahead of rhesus, mercedes. should they call recess off? >> i think some republican senators are calling to the senders to get to work in august. the chances of that actually happening, i think it's slim to none. i think you're going to have these republican leaders taken in consideration, but the reality is we see this happen before. last year, the democrats basically wanted not have an august recess. they want to deal with the issues of the opioid crisis and seek a virus. that did not happen. these politicians like to go home and fund raise. i could foresee them cramming as much as they can before the august recess, but i have to tell you, it's a very ambitious legislative agenda, and there's pressure for republicans to pass not only the repeal and replace obamacare in the budget reform in the senate, but also to look ahead into f

isaac, are you ready? yeah. chase. so you can. >>> mikesecretary under bill clinton, has one of the first to regularly hold live televised white house briefings and the only one to once start a briefing as an anonymous source placing a giant paper bag over his head. since then the televised briefing has become a tape staple in the relationship between the white house and the media. fast forward 19 years that relationship seems to be ero eroding. more on that next. this is the new new york. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov p3 it's meat, cheese and nuts. i keep my protein interesting. oh yea, me too. i have cheese and uh these herbs. p3 snacks. the more interesting way to get your protein. hidden in every swing, every chip, and every putt, is data that can make the difference between winning and losing. the microsoft cloud helps the pg

mike. coming up next the booming bay area housing market just got more xcompetitive. new numbers that show just how much home prices are soaring. >>> plus, target pulling a popular product off the shelves. ♪ ♪ isaac has mastered gravity defying moves to amaze his audience. great show. here you go. now he's added a new routine. making depositing a check seem so effortless. easy to use chase technology, for whatever you're trying to master. isaac, are you ready? yeah. chase. so you can. >>> coming up on 5:12 looking live at fremont. i know i'm not the only one glad it's not only friday but will be cooler, too. temperatures at 65 degrees. you can take the lunch outside. 78 degrees and rising into the 80s. i'll talk about the weekend and some plans. >>> roads, got you covered. we'll talk about it coming up. >>> mike, kari, thank you very much. 5:12 on your friday. another month, another record for the booming bay area real estate market. according to the numbers reported by the chronicle, the median home price sale reached $755,000, more than three-quarters of a million, up slightly from april, more than 7% from the same time a year ago. san francisco and san mateo county the median exceeded $1.2 mil

isaac, are you ready? yeah. chase. so you can. >> welcome back to mornings on 2. it is tuesday, june 13th. i'm gasia mikaelian. >> good morning. i'm mikepaulson. a beautiful spring day out there. >> exactly. >> there you go. >> what are you going to say on friday, though. >> it is smoking hot. >> smoking hot. >> today will be a nice day. we go from one extreme, cool, windy, rain, snow in the sierra. today will be nice. 60s and 70s to a few -- clearlake, vacaville, maybe antioch on the warm side or warmer. but we've been pretty cool here for a while. and that makes sense. to get average, you have to warm it up. that's what we will get soon. there's a little bit of patchy fog around marin and areas around the san mateo coast and the santa cruz coast. that's why we threw in patchy fog. my computer is loading if you're wondering why i'm still talking. it is loading and loading and loading. i guess it's -- hold on. there it is. okay. you didn't wait long. >> i know those problems. >> thank you, sal. >> i use the same computer as you do. >> yes. sometimes it crunches. 60s and 70s and near 80 degrees. a little bit of fog. otherwise sunshine a