rupert murdoch is expected to step down. the 84-year-old ceo is expected to give the title to his son james. rupert murdoch will continue as executive chairman. if you plan on sipping a soda in san francisco, it could be the first to have health warnings on soda ads, the consumption of sugary drinks is responsible for high rates of obesity and diabetes. >>> the non-profit educational education just launched free online step for students studying for the entrance exam. the official s.a.t. practice is created in cooperation with the board. sal khan, thanks for being here today. >> great to be here. >> for those who aren't familiar, what is the khan

rupert murdoch and another one of his sons will be cochair men, executive cochairman. deputy,rey hit is the he will become the executive june 30th,an through 2016. this has been reported for the past week that this was a succession plan for murdoch, so we are not seeing stock reaction. the company is saying, yes, james murdoch will be the ceo of fox on july 1. alix: we do want to get straight to top stories. yahoo! ceo marissa mayer is says that the company will proceed with the alibaba spinoff. myers spoke earlier at the bloomberg technology conference. we are moving forward with the plan, based on the

rupert murdoch is stepping down. anchor: his son james will take over and his other son will become executive cochairman. anchor: rupert murdoch started with a single newspaper and built a vast empire. it has been embroiled in numerous scandals over the year. he will remain chairman of the company. anchor: more trouble for the fi fa president. anchor: the european parliament is demanding he step down immediately and make way for an interim leader. lawmakers voted for the resolution but he rejected the call to quit. anchor: three astronauts have returned to earth after a 200 day mission on the international space station. they made a hard and quick landing in the steps of central kazakhstan. anchor: the italian astronaut

>>> cnbc's david faber reporting rupert murdoch is going to step down and hand the reins over to his son, james. david faber will have more in the 2:00 p.m. eastern hour of "power lunch." stay tuned for that. >>> meantime "vanity fair's" sara ellison also knows the move on the dynasty inside and out. what do you make of this pick particular move? >> it's one we've all sort of been watching for some time. last spring rupert murdoch made the announcement that his sons were both going to take on bigger roles in the company. this is one of these things people have been looking for for a while but the question is how is this going to play out. you have two brothers who have a very long history. each of them have had -- they've worked within the company. they've been sort of elevated by their father before only two have failed in their respective positions. so in the sort term you still have rupert at the company but longer term you sort of have to wonder how these two are going to work their power structure out. >> what do you think the answer to that is sara? what's the word on the stree

we will find out what it means from a top house and democrat. 84-year-old rupert murdoch will hand overle to james murdoch. the international monetary fund has key differences from greece. bremmer,peak with ian the founder of the eurasia group. the united states is now the biggest energy producer in the world. we keep most of it for ourselves. laws and regulations severely restrict how much oil the u.s. can export. francisco blotched joins us now. francisco, great to have you with us. explain your thesis. when and what will cause the change in u.s. regulations to allow crude exports? francisco: we think there is in the tonehange and debate in washington dc. a year ago, no one wanted to touch the topic. today, we are finding a lot of around the topic. i think there is also a lot of people in the administration who have a greater understanding of the crude export ban. there is a debate going on. a year ago, there was not a debate. think about this. there is an issue around foreign policy. allowing crude exports will tighten relationships between the u.s. and key allies. i think allowing c

rupert murdoch will step aside as ceo and hand the reins to his son james. elder murdoch anticipated to remain as executive chairman. his other son expected to be named executive cochairman. the ceo of 21st century fox is likely to stay on as an adviser to rupert murdoch. fox news chairman and ceo of roger ailes will continue to report. coming up, forget about boys or finger recognition technology. amazon wants you to unlock your phone with a different part of your body. use your imagination. we'll have the story. investors are disposed to take in on the greek debt drama. looking like a lower open this morning. thinking further as we've been talking down futures down about 100 points. you are watching "fbn:am," your first look at morning market and breaking news. ♪ sandra: welcome back on this tuesday morning. let's get you caught up on global markets. in asia, stocks trading heavily to the downside, beaten to the hang seng down more than 8%. they are leading losses in europe. take a look at the german stock market average, the dax down 1.1%. it has been add

rupert murdoch and lachlan murdoch coexecutive chairman.ch is the new chief executive officer. that happens july fist 1st, back to you guys. david: thank thank you, jo ling. new details on the prison escape and the convicted killers are still on the run after some days. more than 800 law enforcement officers looking for fugitives with roadblocks still in place. fox's rick leventhal live at clinton correctional facility in dannemora, new york. >> like loy hood that david sweat and richard matt are no longer in the area. there are still more than 800 local, state and federal authorities who continue to search on this day 11. restrictions eased roadblocks. schools have reopened. discussions are ongoing moving some law enforcement resources elsewhere. we spoke to clinton county sheriff that said the trail has gone cold. wet weather ham period some. search efforts. he is 49% certain they're still in the area and 51% certain they found a way out of town. >> with that elaborate and detailed of a plan, they had to have something bigger and better o

francine: -- >> some have suggested the results were that rupert murdoch took a different view to hisis other siblings. it is interesting to see. whoever you regard as seen -- as being the successor, all three of the murdochs with no intermediaries in the way of management. it will be interesting to see that. francine: they have come back through setbacks. are they the right people to spearhead these companies? >> it has been successful. in the u k, there was a certain section of the media that -- the murdochs. they have done well on the pay-tv space and so forth. james murdoch, his first meeting came across as nervous. by the end people said it was a great shame that james murdoch was leaving. he had done a fantastic job at sky. the risk of the charge of nepotism gets thrown about. you have to look at the base of what he has done. it is hard to argue against the choice. >> we have the situation at fox where he has been doing coo stuff. francine: are we expecting anything? you both think something while happen. >> there are questions, what happens to sky and what happens with time war

this story is the story fox is more than rupert murdoch's? we are seeing this business make this choice? mark: yes. it has been the case with news corp.. it is time to move on and build a legacy. anna: is this a comeback for james? he faces challenges as he comes through. mark: absolutely. we have seen news corp. with the hacking. one day the murdochs were going to buy the whole lot and they walked away. the situation that happened with time warner. that has more to do with rupert. they have had a few ups and downs. according to analysts, they could move on and get rid of -- anna: booklet fox look like under this management? mark: we are going to have lac hlan come in. james is going to be running the ship. rupert is not going to have the top job. at 84 he is going to be there. he is going to be keeping an eye on every thing else as well. anna: still be tweeting. other business, you can keep the ceo, don't you? as you suggest, the questions still remain. 39% of sky and other m&a opportunities. mark: one of the things james has to do is make s

today's's top stories, rupert murdoch is handing over the reins to his son, james. uncement is the latest in a drama that has been going on for years. robert lafranco spoke earlier today to pimm fox. murdoch,he day i met he was sitting at the bar with analyst documents. i'm sure he knew at the time, that he was groomed to take over the company. veryd always spoken glowingly that james was a great guy. this was the 1970's and he just had no clue how to segue from what he had in that world. james was his go-between to explain all the that to him. it was quite clear he had preferential thinking towards james running his empire. , heames is 42 years old went to harvard university but did not graduate, left early. i understand he is a cyclist and black belt in karate. what about business experience in the empire? >> of the three children, the one who has had the most success on their own -- >> three children out of the four. other ones, everybody do that years ago. use of the world have been reported and was sold to 20 century foster james had a couple of ventures along t

will rupert murdoch loosen his grip?oes not reportedly get along with the sons very well. got on variety and said he'll expect to continue to report to rupert. joining me sarah allison, the author of "war at the "wall street journal."" she a contributing editor at "vanity fair." welcome. >> thanks for having me. >> the initial headlines were a big surprise. james to become ceo. there was clarification that this would be a power sharing arrangement. what will really happen after the board meeting this week? >> i think the story that broke was actually -- it was very dramatic but then turned out that it was almost like opposites day. because everything that you thought was going to be true from what the story said everyone kept back-tracking immediately afterward. turns out people close to the company tell me his title is changing but his role is not changing. james has one title, lachlan has another title. but i'm told titles really don't matter. so it's one of these things where you immediately are getting these sort of

rupert murdoch announces he will resign.know who's taking over. >>> hello, i'm natalie allen. welcome to our viewers of the united states and around the world. you're watching cnn newsroom. >>> our top story is from south korea where officials are are racing to stop the deadly mers virus from spreading but the outbreak is growing. officialing confirmed another person died bringing the o total

let's look at the impact of rupert murdoch as his role changes within his company. folkenflik is the media correspondent for npr, and the author of: "murdoch's world: the last of the old media empires." david folkenflick, welcome back to the program. i know that news corp has not made an official statement yet but what do they-- what are they saying about what's happening? >> well, of course, there are these two great arms of the murdoch empire 21st century fox and news corp. 21st century fox is merely saying that the issue of succession will be addressed at the next board meeting as planned and they're saying nothing else. inside the company, of course they're signaling what we now know to be the case and that's that murdoch is executing a plan that he essentially one way or another hatched when these two men were boys. he always wanted to hand this over to murdochs to run, as his father had before him. he's of an age-- he never serious he considered giving it to either two of the adult daughters to run and james and lachlan are sort of collegial competitors competi

rupert murdoch makes it official. giving up control of his media empire to his sons. details on that coming up after the break.

rupert murdoch will take on the role of coexecutive chair along with the elder son lockley murdoch. their futures as they expect movement on the sidelines. we expect weakness for the broader averages here. in washington a major federal union says the cybertheft of employee information is more damaging than first appeared. the american federation of government employees as personal data and social security numbers for every federal employee was lost. every federal employee lost. the white house is up to 4 million current and former employees are affected by the december breach. new u.s. internet traffic regulations in effect. sec chairman tom wheeler saying this is a win for consumers and innovators because it gives the agency enforcement powers to keep the internet fast, fair and open. the golden state warriors even the series in the nba finals. stephon curry had 22 points in the game for a win the warriors. final score 103 to 82. twitter ceo of flying the coop. dick costolo announcing his departure yesterday over her concerns over the lack of user growth. check dorsey will take ove

rupert murdoch will give a leadership position, the leadership position to his son james murdoch. want to repeat the main point for myself. that is roger ailes will continue to report to rupert murdoch. roger ailes is the founder of fox news. he is the man who hired me and brought me into the fox company the fox family. i formerly worked for cnn and "the wall street journal" and it is roger ailes who brought me personally into this network. he will still report to rupert murdoch. >> oversees fox business network, as well as the affiliate stations of fox news affiliates across the country and oversees fox news radio. we are part of a broader called of fox news that covers all parts of media whether it's digital, radio television. i think that is wonderful. he brought me in as well from cnn whereas working at the time. it will be my ninth year of fox this year. >> it was about the same time. roger brought me in. >> you know where they first ran in the first person who welcomed me to fox news channel before fox business network. and i still like you. it's strange. stuart: i've got to

keeping it in the family, rupert murdoch is ready to hand the baton to his son. those stories and many more. stocks just pulling back. ♪

local news on "cbs this morning," more on rupert murdoch's sons. we'll talk with murdoch's photographer michael wolfe. >>> plus, in our "morning rounds," we'll show you how technology is helping soccer players avoid serious concussions. >>> and speaking of soccer, a preview of tonight's matchup in the women's world cup between team usa and sweden. that's the "cbs morning news" for this friday. i'm alison harmelin. have a great day. -- captions by vitac -- www.vitac.com

rupert murdoch is set to hand down the ceo title to his son james.will run you through the details after the break. good morning. ♪ jonathan: good morning and welcome back to "on the move." let's get you up to speed. zimbabwe will officially remove its local currency from circulation. the move marks the formalization of a system introduced in 2009 to help stem inflation. the central bank will offer five u.s. dollars for every 175 quadrillion zimbabwe dollars. dick costolo stepping down as ceo of twitter. cofounder jack dorsey will return to the role he was pushed out of. costolo's departure will see him leave behind $16 million in stock awards. today, dominic strauss-kahn will learn whether he is found guilty of abrogated -- aggravated pimping charges. they have maintained his innocence from criminal activity, saying he has a right to a private life. 40 minutes into the session, let's get you up to speed. the ftse 100 pulling back in the early hour. the rest still down. the dax also lower, down by 0.5%. the athens stock exchange, there we are, down 4

plus why is one trader betting nearly $8 billion that rupert murdoch's empire is about to crumble? >> this is the most humble day of my life. >> we'll take you behind the trade that raised eyebrows in the pits when "fast money" returns. ♪ hp instant ink can save you up to 50% on ink delivered to your door, so print all you want and never run out. plans start at $2.99 a month. right now, buy an eligible printer and get three months of free ink with hp instant ink. available at participating retailers. the most affordable way to print. hp instant ink.

we're told rupert murdoch is expected to keep going in the office every day. he still has a big controlling stake. >> he can do whatever he wants. >>> the ceo at twitter is out. dick costolo is out. many investors have called for him to step down for years. and now he has, the stock is up before the bell. jack dorsey will be the interim ceo. jack dorsey has one of the best handles in history. @jack. >> if only i started twitter. >>> disturbing details this morning concerning the murders of a washington, d.c. family held captive in their home. we will tell you what investigators are now revealing about the case next. much check it out. the s6 takes wider selfies that fit everybody. the iphone 6 just cut off nana... nana!? when you do the math,

in newspapers, television, and movies and rupert murdoch is now taking a step back. up his title as chief executive of 21st century fox and he will hand over his job to his son james murdoch. still drive strategy. the international team negotiating with greece has left brussels after failing to reach a debt deal. there are key differences and now the ball is in greece's head of the european union is accusing greece of playing games with its future in the eurozone. whene day is coming someone says that the game is over. think that the upcoming euro group is really crucial. it should be decisive. have no more time. i'm absolutely sure. >> the greek prime minister is in brussels to name beaning with

rupert murdoch will hand the reins to 42-year-old son james murdoch, currently the co chief operating officer. the elder murdoch will remain with laughlin murdoch. we'll get a full report from jo ling kent. >>> the entertainment news, cbs shares falling as it announces its own shake-up at showtime. matt blank, a friend of this program will step down as ceo. he will remain chairman. and he passes the torch to the current president david nevins, ceo on january 1st of next year. >>> now to the government throwing billions of dollars, remember fannie mae and aig, just to keep them from going under, the saga is far from over. fox business network senior correspondent charlie gasparino. >> this is going to be a huge story in a couple of weeks particularly if hank greenberg wins this case. suing the u.s. government over the legality of the aig bill, essentially a delusion to shareholders, the government, the federal government diluting shareholders like mr. greenberg and others. liz: he was the largest shareholder. >> through an entity called cb star. he said he was -- the government illegal

rupert murdoch is preparing to step down as chief executive officer of 20th century fox and hand the title to his son james. a person familiar with the matter says james' older brother will become executive chairman. china's security chief is in jail for corruption. he pleaded guilty to three charges, including bribery, abuse of power, and leading state secrets. he was sentenced after proceedings in shenzhen. facebook has announced that its oculus virtual reality headset will work on the xbox one. oculus will start to ship its consumer version of the headset in 2016. the device lets people immerse themselves in games or experiences. now let's look at what is still to come on "the pulse." at 9:35, we will hear from the mexican president.

rupert murdoch is stepping aside and the new world of media is coming to fruition. there was a note out saying, it doesn't take anything for the company, they will still have to cut and they have a capital return issue at the end of the day. >> for me -- alix: to that point, we also talked to dish network. is one of the all-time greatest business guys i have ever met and certainly in the u.s. james done a good job and is no slouch. well-positioned in that company for a long time. he is passionate too. really successful people have a passion for what they are doing. alix: he is no slouch.

>> the top line is not rupert murdoch is stepping down but rupert murdoch is actually going nowhere.ent, as important to this company as at any time over the last almost 65 years. >> so why make this announcement right now then? >> because the other thing about the other mission that murdoch has always been devoted to is making his children the people who will run this company for the foreseeable future. this is all part of a plan, not for him to go anywhere but for nobody to get in the way of his children's destiny. >> what can you tell us about james? are you surprised he survived that british hacking scandal, number one. >> gobsmack. >> i love that word. how do you describe his management style? does he have what it takes to run this company? >> i think for all of these kids to have gotten to this point, they've all gone through, number one, joining the company, quiting the company having fights with their father and siblings, having fights with rupert murdoch's executives pushed out, pulled back in by the father. in fact lachlan who also has -- the other brother who also has a bi

there are reports rupert murdoch may step down as ceo of the company. the timing is not clear but it looks like, according to these reports, that james murdoch, his son, would be the next in line, versus some of the other folks talked about. i see now headline the 21st century fox is commenting in an e-mail that the board would consider a session and the management will be on the next agenda. it looks like the spokes person is not commenting beyond that. we are a lot of effect on stocks. you can see it on my screen behind me. this pairownward on we will bring you more details as we have them and on any confirmation here for what is happening with the timing, if it will be with the future structure at 21st century. to look like at this time. if the stocks move more, we will let you know that as well. question is ultimately

speculation as to who was going to succeed rupert murdoch. some might say it is a little too late. maybe murdoch should've given the opportunity to either james or lackland or elizabeth to set fox's strategy early in the game. there is a lot going back with the phone scandal. he had to separate the two companies which was 20th century fox and the new news corp.. olivia: it is amazing how they bounced back from the phone scandal. they thought it was the end of the road, but clearly not the case. some people say it is too late, but others say that as long as rupert's life, he will effectively run the company. what will this mean for strategy? will fox make another run at trying to buy time warner? erik: we will talk to the saudi prince about fox. and we will talk about in other big company -- twitter. i want to show you what has been happening with twitter. a tough year. sluggish user growth and stock

. >>> then media mogul rupert murdoch is stepping down as ceo of fox and keeping it within the family when it comes to his successor. details as this broadcast continues. worldwide on cnn international and cnn usa. have moderate to se rheumatoid arthritis like me... and you're talking to a rheumatologist about a biologic, this is humira. this is humira helping to relieve my pain and protect my joints from further damage. this is humira helping me reach for more. doctors have been prescribing humira for more than 10 years. humira works for many adults. it targets and helps to block a specific source of inflammation that contrubutes to ra symptoms. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened, as have blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment, get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb, hepatitis b,

rupert murdoch announces he will resign. we will let you know who's taking over. >>> hello, i'm natalie allen. welcome to our viewers of the united states and around the world. you're watching cnn newsroom. >>> our top story is from south korea where officials are are racing to stop the deadly mers virus from spreading but the outbreak is growing. officialing confirmed another person died bringing the o total now, dead to 11. but some good news in hong kong. all 46 people tested after being suspected of having the virus have been declared disease free. and that is where we find cnn national correspondent ivan watson. good news in hong kong so far. but south korea is still struggling. ivan? >> reporter: that's right. and the south korean authorities have taken a number of pretty serious measures to try battle this outbreak and right now, they've got saudi experts meeting with korean officials because after all, middle east res pra tore ory syndrome is believed to have originated in saudi arabia and patient zero in this case i

reports and now bloomberg is indeed reporting thatfox is set to plan james murdoch will succeed rupert murdoche ceo of the company. there has been a lot of moving around and shakeups in terms of thelial relationships and management of 21st century fox. over the past several years, james murdoch, the son of rupert murdoch, was implicated in the phone hacking scandal in the u.k.. then called into -- it seemed as though he was back and went around this time last year or last spring or so. he was named the co-chief operating officer with his other brother. way potentially paved the for this. executive chase carey has also been someone who has talked about to take over the role. speculation up until now. it looks like now, that is more clearly the succession plan for murdoch. we do not know the timing yet of him handing over the reins. olivia: james murdoch, currently the co-coo along with chase carey, is ceo and has now been officially tapped. that is the plan. we do not know when. , stories they're interested in, we looked at the store is on the bloomberg terminal this morning and here is one we

. >> and then, australian media mogul rupert murdoch is stepping down as ceo of fox. but he is not giving up all the power. that story as this broadcast continues on cnn international and cnn usa. >>> welcome back to our viewers in the united states and around the world. good to have you with us. this is cnn "newsroom." i'm george howell. >> i'm natalie allen. there is surveillance video from a gas station near the prison where the two dangerous murderers escaped. search dogs picked up a scent that could be from the men. investigators also found food wrappers and a shoe print. >> in south korea, another person has died in the outbreak of the mers virus. that brings the total number of dead now to 11. the number of cases now stands at 126 with four new cases confirms on friday. and more than 3800 people have been quarantined. >> the copilot believed to have downed germanwings flight 9525 feared he was going blind. andreas lubitz made seven visits to doctors in the month before the crash. prosecutors in france announced they are opening an inquiry into the crash that ki

the paper owned by rupert murdoch stood by its report. the story was in washington and london, setting off court rulings, congressional votes and independent studies, whittling away at the argument that mass surveillance is legitimate. our starting point this week is london. >>> it was a story from anonymous sources that british intelligence agents had to be pulled out of country for their own safety. the headline in "the sunday times" was bowled. when interviewed, it was asked how they knew what was reported. >> i thought it was laugh ail. it's one of the worst interviews i have seen a journalist give. >> it's give to -- difficult to say anything with certainty, we don't go into that detail. >> all the questions asked - can you substantiate that - his answer was... >> we don't know. know. bravery. >> we published what we believe to be the position. what could he say, he could have said we have good sources, checked it out. put it into context. we are writing the story now, he couldn't. he didn't. it illustrates how hollow and terrible th

rupert murdoch and another one of his sons will be cochair men, executive cochairman.eputy,rey hit is the he will become the executive june 30th,an through 2016. this has been reported for the past week that this was a succession plan for murdoch, so we are not seeing stock reaction. the company is saying, yes, james murdoch will be the ceo of fox on july 1. alix: we do want to get straight to top stories. yahoo! ceo marissa mayer is says that the company will proceed with the alibaba spinoff. myers spoke earlier at the bloomberg technology conference. we are moving forward with the plan, based on the understanding of a few things, the contemplated changes don't requests foriously rulings. we have filed for it well in advanced, these changes were communicated. the other thing that gives us confidence is it doesn't seem that these changes are contemplated changing the applicable law, so it is more about the processes around these transactions. said that theso planet should not be affected by regulatory changes. trumpstate mogul donald is running for the republican nomin

rupert murdoch, who through the murdoch family trust controls 49% of the voting shares of the familyt expected to change much of what he does day to day as chairman of fox and newscorp. but the change clearly is they're acknowledging the next generation of murdochs is ready to take its place and it will be interesting to see how the two brothers, so close in age, but very different in personality types, will deal with each other. lachlan certainly expected to have a broader strategic role, if you will. and the day-to-day operations to be run by james. >> some of the threads that have emerged since you first broke the story is maybe an heir, a singular heir becoming less apparent. because you have lachlan in the chairman role and you have james ascending to the ceo role. but also this seemingly reversal of fortunes for james murdoch. who was taken off of bskyb just a few years ago. there was a sense that he would have to prove himself again and seemingly he has. >> four years ago, the hacking scandal engulfed bskyb. he lost the role in running that as a result of this, came back to ne

sources close to the situation tell individuals here at fox business ceo rupert murdoch is expected to hand his ceo role to his son, james murdoch. rupert would then become the executive chairman. according to those sources, his older son is expected to be named executive co-chair. now, chase kerry, the current chief operating officer, is likely to step into a new advisory role in the near future. no timeline has been shared for this transition just yet, but a spokesperson says the matter of succession itself is on the agenda at their upcoming regularly-scheduled board meeting. this succession plan, of course, began unfolding last year when james murdoch was brought on as co-coo and lack land as nonexecutive chairman. fox business and fox news are, of course, owned by 21st century fox, and the networks' chairman and ceo, roger ailes, says he expects to continue reporting directly to rupert murdoch. we're watching that investor reaction. shares sank a little bit, about 1% on the news, and they closed just down a little bit. guys? melissa: all right, jo. we're hearing some breaking news

rupert murdoch has been ceo since 1979. james murdoch will become the new ceo. lachlan murdoch will become chief executive co-chairman. >>> and the judge awards a legendary hip-hop group $660 million in a copyright case. last june the beasty boys won $1.7 million in a copyright infringement verdict. yesterday's award is to pay for the group's legal fees. anne-marie? >> no sleep till the lawyers get paid. jill wagner at the new york stock exchange. thanks a lot jill. >>> when we return highlights from the world cup, and the team in baseball why they had to wave the white flag. take on the world with 100 calories, snack. yoplait greek 100. there are hundreds of reasons to snack on it. how do you get to the top of your game? give it everything you've got and leave those sticky sunscreens behind. new neutrogena cooldry sport. powerful protection designed to feel good. micromesh technology lets sweat pass through and evaporate so skin stays comfortable, while clinically proven protection keeps going strong. don't get stuck with a

. >>> rupert murdoch is stepping down.ed today he is handing the reigns to his son. one will become ceo, the other will take over management and the other will be co-executive chairman with rupert murdoch. rupert murdoch will into be the controlling share holder of the company. >>> thousands of new homes in san francisco and what the developer says is an affordable price. the history of contamination and the supervisor who is against the development. >> another project from google and this one wants to rethink how we live. >> while turkeys move to the cities, why they are on the move. >>> new at 5:00 p.m. san francisco is one of the most densely packed cities in the nation but there is room for more. new homes are going up in one neighborhood. ktvu's john sasaki is live. the city is historic and has a history of pollution? >> reporter: this area was super fund site but now most officials say this area will be safer for the thousands of people who will live here. >> reporter: this is the first home they have ever owned. >>

run, rupert long murdoch will no longer be running foxnews. tell you how a rally in the pharmaceutical stocks has made top managers at biotech companies some of the highest paid executives in the u.s.. getting readye is to vote on a controversial trade bill. we will have the latest on the chances of success. mark: what can be done to reinvigorate america's middle class? i will be speaking to the author of "america's mojo, lost and found." not neednow, mary does an acquisition given everything she has in the table. she said the other day, they have got their own and and a. otherwhich of the automakers look at as they seek a union that will cut costs and not stray too far from their own product line. inh us are david welch detroit who wrote the story and jeff mccracken with us here in .ew york they are not done looking for a merger, they are just moving down from the board level. david: he is trying to get shareholders, particularly low largest editions on every major company shareholder list. if they can't pressure mary barra and the board to c

plus is rupert murdoch's media empire in jeopardy?why one trader just made a multimillion-dollar bet 21st century fox is in for a big drop. but first, fitbit, we're expecting the pricing for what could be one of the biggest ipos of the year any moment's time. let's go to kayla for the details. kayla. >> we've only had a handful of tech ipos so far this year. box is the one that most investors were watching. this is the most highly anticipated since box. fitbit's sector raised up to $655 million and be valued at nearly $4 billion. when that company prices its ipo. we're awaiting that price any moment. but just this week the company upped its price range to $17 to $19 a share. that's up from $14 to $16 a share. they also increased the number of shares that they would offer up to 34.5 million. there are questions over how sustainable this health tracker craze is and whether there will be more devices like the apple watch that fold these functionalities into them but for now fitbit's fundamentals look strong. it's a profitable company. an

rupert murdoch preparing to step down as ceo of 21st century fox.ll dig in on the investor impact ahead. also how zombies are taking over the housing market and why one ceobizarre story when "power lunch" returns. leave early go roam sleep in sleep out star gaze dream big wander more care less beat sunrise chase sunset do it all. on us. get your first month's payment plus five years wear and tear coverage. make the most of summer... with volvo. ♪ i am never getting married. we're never having kids. mmm-mmm. we are never moving to the suburbs. we are never having another kid. i'm pregnant. i am never letting go. for all the nevers in life state farm is there. >>> shares of 21st century fox are trading lower following news that broke right here on cnbc. ceo rupert murdoch preparing to step down as ceo of the company and hand over the reins to his son, james. our very own david faber first broke that story and joins us now with more details. david. >> thanks, brian. that's right as we did first report, of course murdoch will be handing over that ceo ti

and fox news channels will continue and will report directly to rupert murdoch.checking the shares of fox, they were slight down today, although down more on the initial news. i think there were some comfort that this is a more balance situation. wall street really likes chase kerrie and of course this has been a remarkable story rupert herniated a small newspaper in a small town in australia and build it in the most powerful media around the world. and we're going to bring that it and anything else that take place. twitter ceo stepping down. we've got a last second bear call on the market saying this is a bubble. whole lot of things going on here. this market, by the way, was on a cusp of a great breakout. and we'll be back to wrap it all up. talk about it. don't go away do you want to know how hard it can be to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled copd maintenance treatment that helps open my airways for a full 24 hours. spiriva helps me breathe easier. spiriva respimat does no

rupert murdoch makes it official. giving up control of his media empire to his sons.that coming up after the break. ♪ ♪ ♪ (singing) you wouldn't haul a load without checking your clearance. so why would you invest without checking brokercheck? check your broker with brokercheck. more and more, data is visual. in fact, the number of mris has increased by ten percent a year. and a radiologist might view a thousand images to find one tiny abnormality in shape, contrast or movement. because it's so challenging a research project is teaching ibm watson to see. in the future, it could help clinicians spot key patterns quickly and precisely. ibm watson is working to make healthcare smarter every day. >>> keep an eye on fed ex today. it's expected to release quarterly earnings before the opening bell. the fuel prices are expected to help the shipping company's bottom line but increased competition with ups and e-commerce players with amazon will also be in focus. shares are up 4.8% so far this year. a bright spot in the transports index. they're also looking for details aroun