joining me now in studio, in our new studio, john patel, chairman and cofounder of newco.e've got adam satariano who has been covering twitter for us, as well as victor. i want to start with you, john. what is your reaction? john: everyone was wondering if this was a three-month job tryout, and now we know it was. the early buzz was it wasn't going to be jack. he was taking square public. how could he do that and turn twitter around the echo something must've happened in three months to not only change the board's mind but the people who are now reporting to jack. emily: he talked about his strong team. adam bain is being promoted to clo. victor, why are you so optimistic? why doesn't it bother you that he's running to companies you victor: i want to make clear i upgraded the stock prior to the announcements early this morning. i'm somewhat apprehensive about him being the ceo of two companies, both companies operating in industries that are highly innovative, rife with intense competition, and so i think both companies will need dedicated ceos at some point. stepping away

desilva desilva gates construction company in the alternative with the newly formed joint venture with newco and exclusive negotiations agreement. >> good afternoon commissioners. i am joined by staff and i would like to ask given the hour would you like a presentation on this item. >> i'm sorry. i read the item and i have no questions. it was pretty clear. >> and you missed the presentation on this item last month last meeting. >> yeah, i was here. you would have been the one commissioner brandon because you weren't here and if you're happy we had the briefing. >> so moved. >> is there a second? >> second. >> public comment. >> now public comment and is there public -- is there public comment on this item? seeing none. public comment is now closed. i do want point out in terms of changes from the last presentation most of it was just clarifying some of the details and there's not as i see it no significant substantive from the prior presentation but some further clarification on the roles going forward. >> correct. >> all in favor? >> aye. >> opposed? this resolution carries. thank you. >>

desilva desilva gates construction company in the alternative with the newly formed joint venture with newco and exclusive negotiations agreement. >> good afternoon commissioners. i am joined by staff and i would like to ask given the hour would you like a presentation on this item. >> i'm sorry. i read the item and i have no questions. it was pretty clear. >> and you missed the presentation on this item last month last meeting. >> yeah, i was here. you would have been the one commissioner brandon because you weren't here and if you're happy we had the briefing. >> so moved. >> is there a second? >> second. >> public comment. >> now public comment and is there public -- is there public comment on this item? seeing none. public comment is now closed. i do want point out in terms of changes from the last presentation most of it was just clarifying some of the details and there's not as i see it no significant substantive from the prior presentation but some further clarification on the roles going forward. >> correct. >> all in favor? >> aye. >> opposed? this resolution carries. thank you. >>

. >> i wish we had the newco new commercial. >> lena dunham barbie. i'm not going any further. stronger dollar and another drop in barbie sales. there's barbie video games. barbie horse, barbie pegasus. >> i haven't seen the movies but not the video games. >> that's not going to do it. you need the dolls and clothes and cars. more cost cuts, they now expect a rebound in grilling activity. it will take longer tan first expected. in a statement the company's ceo warns exploration and production spending will remain weak through 2016. >> in other corporate news, nestle is cutting the full year outlook. they missed expectations. a noodle recall in india and rebate adjustment in nestle skin health. also hugo boss slammed in europe this morning. cutting it's full year sales and profit deals. a slow down in china and more hesitant tourist spending on the retail front in the united states. >> also we should tell you that shares of wynn are down sharply. disappointing quarterly results. the ceo is not hiding his feelings slamming the macau government for not telling him how many tables