steve wynn is both the founder and the ceo of wynn. he has been a driving force behind their high flying stock if these allegations prove to be true, can you own wynn without steven wynn, guy >> i would say yes i understand the accusations are soared i had i'm not going to comment one way or the another that's not what we do on this show i think five or ten years ago i think this would have been devastating for the stochlk i think the company is at a point now, mature enough now where if mr. wynn would have to leave or something were to happen, the stock would hold it trade at 20 times forward earnings as a growth rate. i don't think people are going to flee the hotels on the back of this news it doesn't make me happy to say that but that's a reality. think about the tape that came out of then candidate trump. the man was elected president four, five six months later. i think people are extraordinarily forgiving. the runway they have in mccow is tremendous it's still growing in vegas, we spoke with him a year or so ago. >> i couldn't d

steve wynn. stand up, steve. stand up. steve is always calling.he's always got advice, right, steve? donald, i think you ought to do this and that. his advice i like to listen to. i'll be honest with you. afi sure had a lot on my mind. my 30-year marriage... ...my 3-month old business... plus...what if this happened again? i was given warfarin in the hospital, but wondered, was this the best treatment for me? so i made a point to talk to my doctor. he told me about eliquis. eliquis treats dvt and pe blood clots and reduces the risk of them happening again. not only does eliquis treat dvt and pe blood clots. eliquis also had significantly less major bleeding than the standard treatment. eliquis had both... ...and that turned around my thinking. don't stop eliquis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. if you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle w

so far at least we don't know.c steve wynn, he's fighting back against this. e not comparable, weinstein and wynn. let's see, again -- we need to get to the truth -- >> all right, we're going to leave it right there. thanks so much. we'll have you back another time. and we'll be back in a moment. directv has been rated number one in customer satisfaction over cable for 17 years running. but some people still like cable. just like some people like pre-shaken sodas. having their seat kicked on an airplane. being rammed by a shopping cart. sitting in gum. and walking into a glass door. but for everyone else, there's directv. for #1 rated customer satisfaction over cable, switch to directv and get a $200 reward card. call 1.800.directv i cannot imagine managing my diabetes without my dexcom. this is the dexcom g5 mobile continuous glucose monitoring system. a small, wearable sensor measures your glucose every 5 minutes and sends the data to a dexcom receiver. dexcom helps lower a1c and improves quality of life. if you're over 65 and you have diabetes, you should ha

miguel marquez has the latest. >> preposterous says steve wynn the casino billionaire to charges that he ever assaulted any woman. the blistering statement from wynn himself after a bombshell of a "wall street journal" are report that a manicurist in 2005 was forced to lie on a massage table naked and then have sex with wynn against her will. the journal is reporting that wynn paid the manicurist $7.5 million in a settlement. wynn said that the instigation of these accusations is the continued work of my ex-wife in which i am involved in a terrible and nasty lawsuit in which smee is seek iing a e -- which, she is seeking a revised divorce settlement. and her attorney said it is not true. wynn is the latest high profile and wealthy politically connected man accused of sexual misconduct. the vegas impresario and friend and competitor of donald trump who has denied allegations of sexual misconduct and their ka see knows are blocks from within each other. wynn hosted a fund raiser for thet president just a few weeks ago in marmar-a-lago. >> and perhaps the most unlikely to become presiden

steve wynn is the finance chair of the rnc. that's no small thing.at's a much bigger role in the republican party that steve wynn had than harvey weinstein had in the democratic party. republicans who have sfanl financial and political ties to steve wynn including the current president of the united states, president donald trump should be asked and have their feet held to the fire regarding their ties with this guy. we don't need to give back any money until all of this plays out in a legal setting. that begs the question, why didn't you treat the democrats and harvey weinstein with the same level of benefit of the doubt. it almost seems as if the gop is acting kind of cynically here and does not actually care about sexual abuse of women. >> well, the president of the united states and the head of the republican party does happen to have quite a few allegations of sexual conduct levelled against him hanging out there. maybe that's part of the problem. thank you very much. >> thank you so much for having me. >>> one more story to get to here tonight

next time. >> now, in fairness the president did mention several other people in that video, but steve wynn was certainly among them and coincidentally steve wnnn turns 76 today. back to you. >> all right. political cnn political analyst erril louis with sarah westwood. erril, first to you. as we saw that tape from president trump, are we going to hear from him further now that this scandal has, it's out there in full. >> i think it's unlikely. one thing that you get if you read through the extensive reporting that great job that they did at "wall street journal" is that steve wynn's alleged actions houv s however deplorable are not related at rnc. this didn't happen at party headquarters or party events. these are stories about his conduct as a businessman at his office. at his businesses, at his resorts. and, so, i think for that reason we're not necessarily going to see the political world get too deeply involved. most likely what they will do is exactly what the democrats have been calling for, which is to kind of exile him. excise him. steve win personally while he is given a considera

it stems from allegations over its finance chairman and las vegas casino mogul steve wynn. he's helped raise tens and millions for the party. the "wall street journal" reports dozens of women who worked in wynn's casinos described a pattern of sexual misconduct. in a statement he says, "the idea that i ever assaulted any woman is preposterous. we find ourselves in a world with people can make allegations regardless of the truth, and a person is left with the choice of weathering insulting publicity or engaging in multiyear lawsuits. it's deplorable for anyone to find themselves in this situation." wynn's company released a statement reading in part about its harassment hotline. since the inception of the company, not one complaint was made to that hotline regarding mr. wynn. chris kirk ham, one of the "wall street journal" reporter that broke the story, and virginia hefernan and writer for "op-ed times." chris, what did people tell you about the behavior they observed and had been a part of? >> sure. like you said, we discussed this with dozens of former employees who either

i think it's not surprising that it took less than a weekend for steve wynn to go away. but they do have a problem. and one senator, dean heller has a problem too. that's the republican from nevada and his associations with wynn and whatever associations and moneys he's gotten from hymn, him, he'll have to get rid of those quickly. >> this is what president trump had to say about wynn back in february of last year. >> and another great friend of mine, somebody respected by everybody, a great friend of phil too, mr. and mrs. steve wynn. stand up, steve. stand up. steve is always calling, he's always got advice, right, steve? donald, i think you ought to do this and that. his advice, i like to listen to, i'll be honest. >> we know today the president's twitter account liked a post, that post from the "the wall street journal" about this story, but that was quickly deleted. chris, does wynn's resignation solve any potential political problems for the white house? >> oh, i don't think it solves them. it exacerbates it. i mean, losing, i think, an rnc finance chair at any mome

steve wynn is now in the middle of a sexual misconduct scandal. ns of women say wynn forced them to perform sex acts when they worked for him. he calls the claims preposterous. >> and senate democrats are trying to take steps to protect the special counsel from the white house after major news outlets confirming including cnn confirmed that president trump came close to firing bob mueller last year. so following in the foot steps of hollywood actor, democratic congress women plan to wear all black to president trump's state of the union address. this is happening on tuesday and the reason is to show solidarity with the "me too" and time's up movements. they have been drawing attention to sexual misconduct. in fact some lawmakers are bringing survivors as guests. congressman mcclane, congressman mike quickly, congress one speier are bringing activists or survivors. let's talk about this. tarana, i have to start with you. as i understand it, you were invited to go to the state of the union and you declined the invitation. why? >> i did. representativ

it's worth noting that steve wynn categorically denies all of this.et's look at what's happened this week. the state of the union speech coming up. what are the dos and don'ts for him, or is that a question that applies to him anymore? >> i think the state of the union, he knows it's a big stage. i'm sure the speech will be written carefully, and i'm sure he'll deliver it pretty much as written. there isn't a q & a session. trump will want to talk about his achievements in his first year and his aims for the second year, which you know now there's this tax bill. you can call it reform if you like, but republicans always wanted one. now they have it. and he's going to push on immigration reform, which, you know, was a big promise of his. and on infrastructure building to try to create jobs for working class people. so i expect it will be, you know, not a shockeroo, and i spect he'll she'll stick to his script. now, whether the tone of his speech is as dire and dark as his inaugural speech i rather doubt, because trump will argue in his year he's been p

steve wynn was among them.and incidentally, coincidentally, steve wynn turns 76 tomorrow. >> miguel, thank you very much. >>> i want to bring in maria cardona and alice stewart. here we go with the allegations of sexual misconduct. maria, you first. steve wynn is not only a mega donor but he is the chief fund ra rai raiser. >> the silence is deafening, especially when the chair woman of the rnc was very loud in her accusations of democrats in terms of not having said enough in her view or said something early enough about harvey weinstein. i'm waiting for her statement. i'm waiting for the statement from the rnc. i'm waiting for them to give back the money the way that they demanded democrats do and the way they did. i'm waiting for a statement from the white house in terms of donald trump's closeness with steve wynn. i think it's creepy he liked the story. bir birds of a feather, i guess. we know it happens on both sides. i think the republican party has historically beencomes to sexua harassment of people of

wall street journal reporters reached out to 150 people that worked or work for steve wynn. told of behavior that cumulatively amount to a decade's long misconduct by mr. wynn like suggest uf comments -- suggestive comments and demands including very vulnerable people in very run valuable jobs. "the wall street journal" also reports that steve wynn exposed himself to a massage therapist in one of his spas before he instructed her to perform a sex act on him. and wynn resorts said they have never fielded any complaints about steve wynn on the company's anonymous hotline. nevertheless, after that report was published this morning, wynn's casino company shares tanked. the market value of wynn's resorts dropped by over $2 billion. now the massachusetts gaming regulator has opened a review of wynn resorts. so this is a pretty big, fast-moving news story in the business world but it also has widespread political organizations. steve wynn is a one-time rival-turned friend to the current president. but he also the finance chair for the party. he was a bit of a weird pick for the rnc,

it is hard to really overstate the power of steve wynn at the state level.kicked it up a notch, when donald trump became president. he clearly has been in recent years, a friend and advisor to trump. years earlier, they were at each other's throats, litigated. testy litigation. those hatchets have been buried, now they are best friends. so, there is that element. i think once trump became president, he got a key to the front door of the white house. >> describe what you know about the culture within wynn's organization, and how does one relate to the allegations against him? >> the running scared was published in 1995. my research went back years before that what i found in interviewing a number of people, including his valet, named ron tucky. his visitors and his hired help. that was a long time ago. and newspapers locally, and nationally for many years, seemed reluctant to pursue anything like that we see this week, that has all changed, thanke thanke thanks to "the wall street journal." >> there was a lot of great reporting there, it did not surprise me.

steve wynn. stand up, steve. stand up. steve is always calling and got advice. right steve.hink you ought to this and that. his advice i like to listen to, i'll be honest with you. >> steve wynn is a billionaire casino mogul as well as the current finance chairman of the republican national committee. he's the vice chair of president trump's inaugural committee and co-host of the president's big mar-a-lar mar-a-largo fundraiser and now accused of sexual misconduct in a comprehensive report by the "wall street journal" that contacted 150 current and former employees, dozens of people they interviewed who worked as his casinos told about behavior that would amount to a decades long pattern of sexual misconduct by him. and some described him appreciate oari -- pressuring employees to perform sex acts and he paid out a $7 million settlement who accused him back in 2005. wynn denied the acusations saying the idea that i assaulted any woman is preposterous and he has no immediate plans to relinquish his role as finance chairman. a reminder that the republican uproar over contribut

which is is this, steve wynn, to contessa's point, he is this company. as you note, his signature is the company logo noib in america is -- nobody in america is identified with the exception of president trump you obviously did a lot of reporting on this. how long did you report this story and are the people that you got to talk, what percentage of the people you did contact simply would not talk to you that they were still afraid to speak out against steve wynn. >> a very high percentage of people were unwilling to talk. that is why we had to be very targeted about this. we've been reporting on this for at least two months. and initially to a person every conversation started with -- with generally a fear and a -- even for former employees, it was i could lose my job over this and we sort of asked, you don't work there any more, right? and they would say yes, but he controls las vegas and controls nevada so there is that perception. and certainly in the wider u.s., if you are a casino patron, or stayed at his hotels, his name is ever where. signature is

here's miguel marquez. >> reporter: preposterous says steve wynn to charges that he ever assaulted any woman. the blistering statement from wynn himself after a bombshell "wall street journal" report that a manicurist in 2005 was forced to lie on a massage table naked while she claims wynn raped her. the "journal" also reporting that wynn paid the manicurist $7.5 million in a settlement. wynn in his statement said the continued work of my ex-wife elaine wynn with whom i'm involved in a terrible and nasty lawsuit in which she is seeking a revised divorce settlement. elaine wynn's attorney told "the journal" that's just not true. wynn the latest high-profile and politically connected man accused of sexual misconduct. "the wall street journal" said it spoke to more than 150 employees and dozens reported a pattern of sexual abuse by wynn. wynn in his statement said, we find ourselves in a world where people can make allegations regardless of the truth and a person is left with a choice of whether insulting publicity or engaging in multi-year lawsuits. it is deplorable for anyone to find th

cnn's national correspondent miguel marquez has more now. >> reporter: preposterous says steve wynn, casino billionaire, to charges that he ever assaulted any woman. the blistering statement from wynn himself after a bombshell "wall street journal" report that a manicurist in 2005 was forced to lie on a massage table naked while she claims wynn raped her. "the journal" also reporting wynn paid the manicurist $7.5 million in a settlement. wynn, in his statement said the instigation of these accusations is the continued work of my ex-wife elaine wynn, with whom i'm involved in a terrible and nasty lawsuit in which she is seeking a revised divorce settlement. elaine wynn's attorney told "the journal" that's just not true. wynn, the latest high-profile, wealthy and politically connected man accused of sexual misconduct. "the wall street journal" says it spoke to more than 150 employees and dozens reported a pattern of sexual abuse by wynn. one former employee, a ma sawn therapist, telling "the wall street journal," wynn forced her to master bait him to climax. when he asked her to perfor

steve wynn. stand up, steve. stand up. steve is always calling.s always got advice, right, steve? donald i think you ought to do there and that. his advice i like to listen to. i'll be honest with you. >> steve wib is a billerica sin nomo gull as well as the current finance chairman of the republican national committee. he's the vice chair of president trump's inaugural committee and co-host of the president's big mir lag doe anniversary party and fund-raiser. now he stands accused of sexual misconduct in a comprehensive report by "the wall street journal" which contacted more than 150 current and forrer employees "dozens of people "the wall street journal" interviewed who obviously have worked at mr. wip's casinos told of behavior that would amount to a decades long pattern of sexual misconduct by mr. wynn. some described him pressuring employees to perform sex acts. in one case according to the journal, he paid out a $7.5 million settlement to a manicurist who obviously accused him of forcing her to have sex back in 2005." wynn has debbed the ac

steve wynn. he was down there, the president sent a video down, mentioned steve wynn in that video. so this is a relationship that goes back a very long way. coincidentally, today is steve wynn's 76th birthday. >> thank you so much, miguel marquez. what a birthday president to wake up to with these allegations. >>> all right. a lot of very big developments in the world of politics and the russia investigation. joining me right now, congressman carly dent, republican representative from pennsylvania. congressman, good to see you. >> good to be here. >> and first off, these allegations of sexual misconduct against steve wynn, should the rnc return his donations, especially in the light of when harvey weinstein was accused of sexual harassment? the gop called for the dnc to return all donations given by the producer. >> well, if the allegations are true, then yes, i think you would have to be -- then contributions would have to be refunded. apparently steve wynn has contributed to members of both parties, based on what you just said in your leadup. so let's first do a little bit more o

and the allegations of sexual misconduct. >> wynn resort ceo steve wynn resigning. follows an expose accusing wynn of sexual misconduct, calling the allegations preposterous the mogul was hand picked by president trump for the rnc finance job. no word on who will replace him. while making a statement the work we are doing to make america a better place is too important to be impaired by a distraction. shares of wynn off slightly 0.1% >> landon, thank you for that. that comes after a massive decline, and quite surprising actually the extent of the fall. clearly, steve wynn is a very important figure for that company whether macau or stateside. the size of it quite a surprise. clearly, he's not going to be someone around for counted coun decades given his age. >>> turning overseas, saudi prince alwaleed bin talal is speaking out this is quite a story. cnbc's hadley gamble joins us with more. >> reporter: well, details are finally beginning to emerge from prince alwaleed bin talal's stay he gave a tour of his rooms before he checked out. he basically said there was goi

i'm talking about steve wynn, the powerful casino and hotel boss. first, sexual misconduct allegations. dozens of his employees talked to the "wall street journal," some describing how he pressured women who worked for him to perform sexual acts. a short time ago, confirmation steve wynn is out as finance chairman of the republican national committee. he resigned. our white house

steve wynn today addressed his resignation, calling the allegations against him a distraction. >> wynn, that that's right. he's speaking out today. but they're the lawmakers he raised money are quiet about those donations. >> kenneth moton for us, thank you. >>> democrats calling for legislation to protect special counsel robert mueller. after reports president trump tried to fire him last june. the president consistently denying it. even yesterday, calling it fake news. tonight, even a top senate republican says he's opened to a move to protect mueller's independence. abc's david wright is at the white house tonight. >> reporter: tonight, fresh from his quick trip to davos. >> i think it was a very, very successful trip. >> reporter: the president is gearing up for the state of the union, a speech the white house describes as "optimistic," "forward-looking" and bipartisan. president trump, eager to take credit for a roaring economy. >> mr. speaker, the president of the united states. >> reporter: this may be his first state of the union, but it's a format trump has already shown he ca

friday, "the wall street journal" detailed a pattern of lewd behavior that goes back decades, with steve wynn allegedly pressuring female employees to perform sex acts, including a manicurist, who felt she had no choice but to have sex with wynn after he made repeated demands. her lawsuit was allegedly settled for $7.5 million. >> he signed your paycheck. >> reporter: charlotte arrowsmith was a cocktail waitress at the golden nugget and mirage when wynn owned those casinos. they settled the sexual harassment lawsuit against wynn. >> i would truly like to see him held accountable for something. >> reporter: in a statement, wynn says, "the idea that i ever assaulted any woman is preposterous. we find ourselves in a world where people can make allegations, regardless of the truth, and a person with left with the choice of weathering insulting publicity or engaging in multi-year lawsuits." wynn resorts have a hot line where employees can file complaints anonymously, and the company said since its inception not one complaint has been made to that hot line against wynn. intentally, reena, today is

in a statement, steve wynn says, the idea that i ever assaulted any woman is preposterous. and that the instigation of these accusations is the continued work of my ex-wife elaine wynn, with whom i am involved in a terrible and nasty lawsuit. elaine has explicitly threatened to slander and destroy me. tonight wynn resort says it has an anonymous tip line for employees, and not one complaint was made to that hot line regarding mr. wynn. wynn is not just a casino mogul. he's also a major political player. >> his advice i like to listen to. >> reporter: after the election, wynn became the rnc's finance chairman. neither the rnc nor elaine wynn responded to our request for a comment, but tonight, the massachusetts gaming commission says it takes the allegations against wynn very seriously and is opening up an investigation of wynn's boston casino. lester? >> rehema ellis in new york tonight, thank you. >>> there's a major new development in the sex abuse scandal in usa gymnastics. tonight the organization's board bowing to pressure from the u.s. olympic committee which told the

casino mogul steve wynn has resigned as the finance chair of the republican national committee amid sexual misconduct allegations. u.s. president donald trump hand picked wynn for the position, but officials say mr. trump supports the resignation. wynn denies those allegations. >>> afghanistan has declared sunday a national day of mourning after saturday's bombing in kabul. authorities say at least 95 people were killed in the blast which came from an ambulance packed with explosives. >>> a spokesman for the taliban claims the group is responsible. >>> russian police raid the offices of a prominent kremlin creditic. alexei navalny calls for protests after what he calls rampant corruption from vladimir putin on down. he's also calling for a boycott of the election. >>> some employees at the u.s. state department say they're being punished for their previous work with the obama administration. >> many are in jobs the trump administration wants to shut down, now some employees say they have hired attorneys. elise labott has more. >> reporter: top democratic lawmakers are now calling on the st

steve wynn has stepped now do you as the finance chair of the republican national committee amitt reportst he forced dozens of women to perform sex acts on him at his casino. >> we are learning new details about the bipartisan effort to stop the president from firing special counselor bob mueller in the midst of the russia investigation. >>> let's start with president trump's anticipated state of the union address. cnn politics reporter dan merica joining us now. i know the president is calling out democrats ahead of this speech. walk us through what has been said thus far. >> the president, we are told, is really going to put on his salesman and chief hat on tuesday night and try to sell this unpopular immigration plan. the white house rolled it out last week. they managed to upset both democrats and republicans. you remember the plan would include a path waway for citizenship for 1.8 million and include funding for the border wall and immigration laws across the board really. democrats say they will be giving up too much to protect the daca population. republicans are saying you're givi

finance chair, casino mogul steve wynn, a key republican donor, stepping down after reports of years of sexual misconduct. wynn categorically denies all claims, but late this afternoon quit his post at the rnc. a position he was hand picked for by president trump. this is the latest in a wave of high profile men accused of sexual misconduct. matt bradley has the latest. >> reporter: a casino king resigning amid scandal. las vegas icon steve wynn stepped down today as republican party finance chair, one day after an explosive "wall street journal" expose accusing wynn of sexual misconduct. an allegation wynn called preposterous. he donated to both parties but was a top republican donor and close to the president. >> the steve wynn will you please stand up. he's raising so much money for our great republican party. >> reporter: wynn paid a $7.5 million settlement to an unnamed manicurist who accused wynn of forcing her to have sex in 2005. court documents cited by "the journal" point to personal misconduct but do not state whether it was of a sexual nature. wynn resorts say they have ne

women accusing steve wynn of misconduct. in 2005, wynn forced a manicurist forced her to have sex in his office. >> after the manicure, he told her to lie down on a massage table and take her clothes off. and she said that she did not want to do that and that she was married and that he basically told her that she had to do that. >> reporter: the journal reported wynn paid the unnamed manicurist a secret $7.5 million settlement. it points to personal misconduct but do not state whether it was of a sexual nature. wynn calling them preposterous. we find ourselves in a world where people can make allegations, regardless of the truth, and a person is left with the choice of weathering skwr t insulting publicity oren gauging in years of lawsuits. the journal article describes a decades-long pattern of sexual misconduct and that wynn terrified his employees. >> people felt very intimidated by steve wynn. and they themselves felt at times they needed to apiece him. >> reporter: wynn said they have an anonymous tipline and not one co

topics covered included the state of the union and steve wynn. let's start there.n executive saying nice things about steve wynn but shareholders not sure this story will end up well, no matter what happens in the investigation. >> that is a fair statement but let's point out that we have not heard a lot yet from steve when -- wynn. with possible he will come a full throated defense of himself and his actions concerning the sexual misconduct allegations. for as known steve wynn long time and tom's name was floated around for president of the rnc. i asked tom whether the president had asked him to fill in void left by steve wynn the wake of the sexual misconduct allegations. tom talked about steve wynn. >> this is a guide who runs one of the -- guy who runs one of the best female operated places in the world, two of his past presidents are women and as a friend, he is a first-class gelman and i have never seen any of this. he is saying it is a women oriented company and steve wynn is a cheerleader for women. he said also that he did not want to take over the job as

. >> and casino mogul steve wynn. steve wynn stepping down as rnc finance chair after allegations of misconduct. some republicans racing to return the money, while others stay silent. >> i don't think we should have a double standard for ourselves. >> we begin this morning with the president putting the finishing touches, or his team is, on his first state of the union address. the challenge may simply be making sure the next 48 hours remain focused on trump and his speech, not on trump and russia. i don't know, trump likes to weigh in on jay z. well, you're in luck, i don't have jay z here, but i have an excellent panel here to break it down. my friend and colleague kristen welker live at the white house. let's talk about this speech. we could see the dark and draconian inauguration speech or we could see that nice clean shiny bipartisan flavored one that we saw gary cohen mostly pen for the president last year, maybe like the one we saw in davos on friday. >> you're right, in talking with senior administration offic

i am not saying that i bring this up because now that steve wynn stands accused of being a sexual harassercompany itself has announced an internal investigation. the stock has already fallen 30 points. can one man be that important to this institution i mean, wynn has built an amazing casino empire. would it be fine if he stepped down tomorrow? nobody lives forever when i said steve wynn is wynn resort, i wasn't kidding there are two problems nevada and gaming committee. given wynn's fielding to the republican party in a democratic state. the gaming commission statement that it is aware of the allegations doesn't bode well for wynn they are not the kind of board members who are in it for the paycheck the board has the ability to fire wynn if it looks like the story is going to jeopardize his substantial building either steve wynn is cleared or he isn't cleared and some chinese hotel steps up and buys the company for 25 billion these are the dreamers, i don't see it that way. if you go over the conference call transcripts, you are buying the unparalleled leadership of steve wynn even if the

, steve wynn, steve wynn they've been buying back a lot of shares. 5% down.n a report. what do you do >> some companies are just so inseparable from their founder or name same in this case, i would say it's probably one of the most extreme examples there really isn't a wynn resorts without steve win and if and when he's not there, it would be a totally different story to investors >> i think that the sell off is understandable >> yeah, this stock is gapped up, right? we were sitting at 52-week high, but we're at the highe esest les since 2014 this could spell trouble we've seen the ability of misconduct and allegations has brought down other companies, so i think -- >> brought xaexecutives lost control of companies. >> this is where corporate governance really has to come into play. if this board has not followed a succession plan before this, i don't care about the allegations. he's not a young man, either >> he's 76 has to have a succession plan in place. >> doesn't mean the investors are going to like it though. >> right >> just getting starteded. here's w

talking about steve wynn.has extend down as finance chair of the republican national committee amaid reports he had women perform dozens of sex acts at a casino. >> let's begin with president trump's anticipated state of the union address. dan merica joins me now. what is the president saying? >> the president plans to use the perch of his first state of the union. remember, he gave a speech earlier to a joined session of congress in member of last year, but this will be his first real state of the union. he plans to use it as a salesman in chief. he wants to at that time immigration plan his administration rolled out earlier in the month and try and sell it not only to the lawmaker in the room but a pretty skeptical american public as you correctly noted, democrats and republicans have been slamming this bill, this plan really since it came out. republicans think it's way too easy on daca recipients and democrats there are too many things added to the bill ending the visa lottery programming and tightening up

what happens if steve wynn is pushed out of power.ning us now is the daily beast white house reporter. who's writing about the rnc staying silent on the allegations. as of now they have not commented on the allegations? no one at the rnc. >> as far as i know unless nbc or msnbc has some statement i do not. we've been trying to get this out of them all day. as far as i know they have not commented on this. which would be at least a little bit less conspicuous than it is now if they hadn't gone all in after the immediate aftermath of the harvey weinstein allegations and hitting the democrats and the dnc, as they should have, for the harvey weinstein money they've gotten over the years. now harvey weinstein donated significantly less to the dnc than steve wynn did to the rnc. so it stands to reason if, this is a gigantic if the republican party and rnc wanted to be ethic cli consistent here they would come out with a statement this is beyond the peal fael for us,e allegations and we would like to sever our relationship with steve wb wynn

is there any way that steve wynn survives this? o, sir, what is the succession plan for wynn reshorts >> yeah, these are serious allegations. it's not proper for me to comment on exactly what happens, but to your point there's been a lot of people bringing up the allegations. if steve wynn were to be removed, it is our view in that situation, the licenses would most likely be kept, but there is a risk to the brand that has his name attached to it, that there is some lower demand, just as a case use in our note we published last night, we had one example if we discounted our wynn revenue for this year next year by 5%, that would reduce our current fair value >> if mr. wynn is booted or voluntarily leaves, the risk to the gaming licenses basically disappears >> well, i think they may tain the licenses if there's just -- if the one individual that is being reviewed here for suitability is steve wynn. if that individual is found not to be suitable, and is removed, you know, i would believe that the gaming licenses would be intact farce

president, but now steve wynn is out as the main fund-raiser for the republican national committee. faced with multiple sexual misconduct allegations wynn resigned as the finance chair. dozens of his employees told "the wall street journal" about a pattern of misconduct going back decades. >> wynn denies all of the allegations. he has still resigned from the position that mr. trump hand picked for him. cnn's boris sanchez has more from the white house. >>> on background, a white house official tells cnn that president trump supported the resignation of steve wynn from the republican national committee. there was some question as to how the white house would approach this situation, considering some inconsistencies in the past when responding to sexual assault allegations. you'll recall in just the past two months the white house simultaneously demanded the resignation of former senator al franken while backing alabama senate candidate roy moore. two men that were both accused of sexual misconduct. president trump is actually supposed to see steve wynn last weekend at a fund-raiser in

i'm talking about steve wynn, the powerful casino and hotel boss. first, sexual misconduct allegations. dozens of his employees talked to the "wall street journal," some describing how he pressured women who worked for him to perform sexual acts. a short time ago, confirmation steve wynn is out as finance chairman of the republican national committee. he resigned. our white house correspondent is boris sanchez joining us from washington. boris, steve wynn is a man the president has called a great friend. has there been any reaction from the white house? >> reporter: not yet officially, ana. cnn has reached out to the white house press team multiple times but we have yet to hear back. on background, a white house official did tell my colleague jeff zeleny that the president backed wynn's resignation, in part to minimize political damage, not only to the party but also to the white house or the president. the president supporting steve wynn resigning over sexual assault allegations. interestingly, it was curious to see how the white house would respon

the ripple effect of validations -- accusations against steve wynn. u government is now scrutinizing wynn resorts. this is bloomberg. ♪ retail. under pressure like never before. and its connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ vonnie: a lovely thought there of midtown manhattan. we are live in new york. >> this is bloomberg world markets. we are seeing some caution in equity markets as we kick off a heavy week of data and policy announcements. the dow down 3.5%. spiking in the 10 year spiking 2.7%. utilities leading the decline on the s&p 500 while the nasdaq is down 0.3%. tech earnings coming out this week including microsoft and apple. vonnie: let us get to first word news this afternoon. taylor: president trump w

after "the wall street journal" reports allegations of sexual misconduct against the firm's ceo steve wynn. he denies his allegations but says he's stepping down as function chair of the committee to void the distraction for the party. our colleague is there how badly has this news hit wynn shares in light of that news today? >> reporter: well, you know, what we're seeing in the trading today, widely expected shares closed down 6.5%. 2805, not quite the magnitude of losses that we saw on wall street on friday with wynn resort, the parent wiping out $2 billion in market value. now, we got in touch with the market regulator here in macao, trying to figure out, if they're getting that information on the back of nevada and massachusetts regulators for this part saying they're looking into the situation. massachusetts reviewing the company's license as they're preparing to open up boston harbor, a $2.4 billion project in 2019. so, nevada, they say they're aware of the situation and reviewing the situation. as far as macau dealing is concerned they say they're going to review our requests as to

steve wynn denied it.riday, the board of the company, wynn resorts talked about it and why the effects are felt from vegas to washington. >> reporter: propostrouse says steve wynn, the billionaire, to charges he ever assaulted any woman. the blistering statement from wynn, himself, that a manicurist was forced to lion a massage table, naked, while wynn raped her. the journal also reporting wynn paid the manicurist $7.5 million in a settlement. wynn says the accusations is the continued work of my ex-wife, elaine, with whom i'm involved in a terrible, nasty lawsuit, where she is seeking a revised divorce settlement. he told the journal, that's just not true. wynn, the latest, high profile and wealthy man accused of sexual misconduct. "the wall street journal" spoke to more than 150 employees and dozens report sexual abuse by wynn. wynn says we find ourselves in a world where people can make allegations, regardless of the truth and a person is left with a choice. it is deplorable for anyone to find themselve

steve wynn. stand up, steve. stand up. steve is always calling. always got advice, right steve. donald, i think you ought to do this and that. his advice i like to listen to. i'll be honest with you. >> good morning. welcome to am joy. last weekend when the government shutdown forced donald trump to miss the fancy party he threw for himself at mar-la-go, he also missed the chance to hang out with one of the party's host, his great friend. rnc finance chair and billionaire steve wynn. not like any good friend. they have a lot of similarities. both graduates of the university of pennsylvania. both built casino empires in atlantic city and las vegas. the wynn succeeded where trump's crumbled amid multiple bankruptcy. now these great friends have something else in common. both are accused of repeated instances of sexually assaulting women. according to friday report in wall street journal, steve wynn has been accused by a dozen women in a decade of pattern of sexual misconduct. including employees to perform sex acts. wynn responded in a statement saying the idea i ever assaulted an

wynn is calling the allegations, quote, preposterous. cnn's miguel marquez has the latest. >> reporter: preprosperous says steve win, the vegas hotel billionaire, to charges he ever assaulted any woman. the blistering statement from the wynn himself after a bombshell "wall street journal" report that a manicurist in 2005 was forced to lie on a massage table naked and then have sex with wynn against her will. the journal also reporting wynn paid the manicurist $7.5 million in a settlement. wynn, in his statement, said the instigation of these accusations is the continued work of my ex-wife elaine wynn, with whom i'm involved in a terrible and nasty lawsuit in which she's seeking a revised divorce settlement. elaine wynn's attorney told "the journal" that's just not true. wynn, the latest high-profile politically connected man accused of sexual misconduct. the vegas imperisio, a competitor, their vegas hotels just a few blocks from each other. wynn co-hosted a fund-raiser for the president just last week in m mor mara logo. >> an unlikely person became president. perhaps most unlikely of all since abe linken. trump became 45th president of the u

steve wynn, maybe.ounder and partner will talk trade and immigration and how it will impact the tech industry. this is bloomberg. ♪ we use our phones and computers the same way these days. so why do we pay to have a phone connected when we're already paying for internet? shouldn't it all just be one thing? that's why xfinity mobile comes with your internet. you can get 5 lines of talk and text included at no extra cost. so all you pay for is data. choose by the gig or unlimited. and now, get a $200 prepaid card when you buy an iphone. it's a new kind of network designed to save you money. call, visit, or go to xfnitymobile.com. alix:alix: this is where we stand in the markets two hours before the cash we finally see higher bond yields take a bite out of the equity market. s&p futures are off by .3%. the dow is off by .1% and this is the potential. look at the five-year bund yield trading at zero. in the u.s.yield continues to grind higher. , it's having an effect on the dollar as well. strongerr is mode

president trump called him a good friend. >> steve wynn will you stand up, he is raising so much money for our great republican party. >> reporter: the article describes a 2005 incident where a manicurist said he forced her to have sex in his office suite. >> a massage threp alleged within would expose himself in a massage room in his sweet. >> he was chasing one of the managers around she locked herself in the bathroom. she would not come out. >> reporter: the journal account saying a feeling of intimidation was heightened by one or more of his german shepherds who responded to commands in german. >> steve wynn said the fact that i would assault any person in the world is preposterous. -- >> 5:37 a.m., when president donald trump gives his state of the union address to congress he will find a couple of undocumented immigrants who he promised to protect in the gallery. they are called dacca recipients. a number of democrats invited dreamers to the state of the union speech. he is going to focus on immigration and other issues he want to tackle this year. you can watch the speech right

unlike harvey weinstein, steve wynn had a formal position two the rnc, the finance chair. wie: fox news had wynn co-host a special. he had the tie of national finance chairman which he has given up for the rnc. howie: are you willing to say right now? cathy: i'm willing to say the media will do the same with wynn as they do with weinstein. i don't think it's going to be given any different treatment to wiwynn that was given to weinstein. howie: many of harvey weinstein's victims were famous actresses which helped fuel the debate. ahead, behind the scenes in the war between the white house and the press as we look at some of the disclosures in my new book. a major media blunder about jerrod kushner's company blew up but corrections western hard to come howie: here is how the liberal magazine "mother jones" handled the story about the president's son-in-law. deutsche bank look at suspicious kushner transactions. "washington post," deutsche bank flagged suspicious kushner transactions. the german magazine charged deutsche bank had flagged suspicious information. but deutsche b

according to the "wall street journal," a manicurist at wynn las vegas claimed that steve wynn forcede sex with him. the woman's supervisor told human resources and wynn paid the employee $7.5 million in a settlement. the journal reports steve wynn's lawyers admitted that he made the payment. but the idea that he ever assaulted any woman is preposter rouse. he said his ex-wife is encouraging the accusations because they're involved in a nasty divorce. wynn's wife said she had nothing to do with the article and we learned that the massachusetts gaming commission reports that its taking these accusations seriously and will conduct an investigation to decide what steps, if any, to take. steve wynn has a $2 billion resort scheduled to open in massachusetts next year and also wynn resorts are down in trading today almost 11%. president trump pushing his america first agenda on foreign leaders. but some analysts say it could cost americans more money. the reason? new taxes on product from other countries could drive up costs here at home. president trump told the world economic forum in dav