retiring as finance chair. >> steve wynn will you stand up.y for our great republican party. >> his name is synonymous with luxury and comfort and his resorts is multi billion dollar publicly traded company with almost 25,000 employees and now a disgraced formalitieser ceo. >> the company is going to look a lot different down the line. it's a branding problem for the company really. ends of the day he's gone and the branding will have to be redone all together. >> the company seems aware of these concerns in a statement announcing his resignation made sure to highlight more than 40% of all management are women, the highest in the gaming industry. >> the #metoo movement is spreading faster than the flu,seeing it in media, arts, entertainment, most recently in the restaurant world. >> the movement hasn't finished playing out in hollywood,act rest uma thurman speaking out when the time harvey weinstein attacked her, telling the times he tried to shove himself on me, expose himself, all kinds of unpleasant thing. his attorney writes -- and says we

>> i cannot overstate to you how pivotal steve wynn is in his company. this company is seen addres ste wynn a source says there was no active board the board was steve wynn when they go to macau and apply for a license, it's really given to steve wynn at the center of this company we heard from massachusetts regulators that you can't separate the man from the company. this was ail doll done together macau is likely to look at these allegations, whether it brings down the gaming in macau, which china considered important after the crackdown on corruption. there's a brand-new chairwoman on this gaming control board the pressure is on this woman who has been in the job for two weeks now to see how they proceeds forward with wynn resorts and this investigation from all inside watchers it's clear that the investigations, whether it's wynn resorts, the board itself or the gaming control board, those investigations have to be done thoroughly and in a clear manner >> thank you very much for that. wynn stock down about 20% now since the news first broke >>> back t

steve wynn, a major gop donor -- >> steve wynn, would you stand up? >> reporter: recently stepped down as finance chair of the committee. more fallout from a blistering "wall street journal" investigation alleging he harassed female employees for decades. >> there is a pattern of sexual misconduct from steve wynn that comes into view from talking to a large number of employees over a long period of time. >> reporter: in one case according to the journal, he paid an unnamed manicurist to his hotel. a $7.5 million settlement after she filed a detailed report to the casino's human resources department claiming that during a manicure in his office, wynn pressured her to take her clothes off and have sex with him in 2005. >> and she said that she did not want to do that. that she was married. and that he basically told her that she had to do that. >> reporter: wynn resort said they have never received any complaint. wynn has denied all the accusations calling them preposterous adding the instigation of this is a continued work of my ex-wife elaine wynn wit

steve wynn officially out as the ceo of wynn resorts.e resigned following allegations of sexual harassment we're going to show you how the street is responding to that news why is jim carrey, yes, that jim carrey telling investors to dump facebook stock we're going to investigate that as well. the second hour of "squawk box" begins right now ♪ ♪ >>> live from the beating heart of business, new york city this is "squawk box." >> we are live from the nasdaq marketplace. >> wonderful >> also here is douglas see land >> 300 points. >> corporate drama steve wynn stepping down about 3% our own contessa brewer has been following that story she is in nevada and has more. good morning >> good morning, andrew. what a change of fortune for casino mogul steve wynn who has really shaped modern dame gaming in nevada. his design inspirations are immediately apparent up and down the las vegas strip. this morning steve wynn is giving up the reins. in a statement he released last night he said, quote, in the last couple of weeks i have found myself the fo

steve wynn is the company. a lot of the times it is i this and i that i mean the really great coaches in the nfl, coach pederson, do this or do that. >> it is a signature >> has anyone had a night with the prc and won? yes, steve wynn. >> he's a tough guy. >> he just had to step down as ceo of what a well reported story from the wall street journal that's follow load up by more reporting of $7.5 million of payments and a lot of things that went on for a long time consider that. steve wynn has stepped down as a result of this and probably more are still to come. >> i like this matt maddock, he'll be seemless. are you kidding me >> steve wynn understood casino better and hotels. have you been with any of those places i went with my dad, my dad says i feel like a king, king for a daddy. that's what steve wynn does. does maddock understand that the guy who's a titan. >> okay, he no longer runs the company. the stock is up. you believe it is up because of questions of consolidations and alleviating concerns with tha

las vegas. >> reporter: up and down the las vegas strip, iconic casinos stand as monuments to steve wynn's vision and design inspiration. but the man who i partly responsible for modern-day gaming has had a reversal of fortune. wynn's resigning but says he has been dealt aha bad . quote, in the last couple of weeks i have found myself the o focus an avalanche of negative publicity. as i reflected on the environment this has created one in which a rush to judgmen sakes precedence over everything else, including the facts, i have reached then conclus i cannot continue to be effective in my current roles. since january 26th when the wall street yurnl outlined dozens of allegations of sexual misduct against steve wynn, the sto plummeted. his own birthdays launched an investigation. shareholde sued wynn resorts for breach of fiduciary responsibility. and the culinary rker's unit texted its 57,000 memrs urging them to report misconduct. td gaming licenses are at stake. nevada gaming control board is continuing its investigation. >>eporter: a n chairwoman, becky harris is leading nevada'. inqu wh

they do not get steve wynn, his name secaake casino behind me.metoo. steve win stepping down from the casino empire he built. his abrupt resignation coming on the heels of sexual misconduct allegations. wynn released a statement saying i have found myself the focus of an avalanche of negative publicity. a rush to judgment takes precedent over everything else i reached conclusion that i cannot be effective in my current roles. the 76-year-old billionaire hotel titan transformed the las vegas strip, building the mirage treasure island, the bellagio. steve wynn stepped down as finance chair of the republican national committee. more fallout from a blistering "wall street journal" investigation, alleging he harassed female employees for decades. >> there is an accumulative pattern of sexual misconduct from steve wynn that comes into view from talking over a large number of employees over a long period of time. >> reporter: in one case according to "the journal," he paid an unnamed manicurist a $7.5 million settlement after she failed a report to the

steve wynn, a major gop donor. >> steve wynn, would you stand up. >> recently stepped down as financeional committee. more fallout from a blistering "wall street journal" investigation, allegeing he harassed female employees for decades. >> there is a cumulative pattern of sexual misconduct from steve wynn that comes into view from talking to a large number of employees over a long period of time. >> in one case according to the journal, wynn paid an unnamed manicurist a $7.5 million settlement after she filed a detailed report to the casino's resources department. claiming during a manicure in his office, wynn pressured her to take her clothes off and have sex with him in 2005. >> she said she did not want to do that. and she was married. and he basically told her she had to do that. >> wynn resorts says they have never received any complaints. wynn has denied all of the accusation, calling them preposterous. adding 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 thre

around the shares of wynn -- if we happen to the bloomberg and take a look at the own function, steve wynn11.8% of the float. elaine wynn, he effectively owns her shares. he is still biggest shareholder. they are going to go to court in april and she is trying to take back the 9% share. i'm clear how that will play out. vonnie: steve wynn said in a statement, "i've reached the conclusion i cannot continue to be effective in my current roles." what is next for the company? abigail: that is a great question. the person in position for ceo joined the company in 2002 and became president in 2013. he is very young, considered to be steve went's right-hand man. not too much of a disruption, apparently well respected. we hopped back into the bloomberg. while the 10% move up sounds impressive, it looks less impressive on the chart. we see the big drop on the sexual harassment allegations. the stock cap and floating around this -- the stock had been floating around is moving average. we have nice volume today been nothing along the lines of the sellers. investors may want to see deal action, whethe

the casino mogul steve wynn has stepped down from his namesake company. s this mean for the future of wynn and its stock >>> plus, our levare leveraged s dangerous for your health and do they need to be regular glagted more strictly? >>> a tesla roadster begins its jumpy away from earth and here on earth it faces real production problems. we'll take a look at what to expect from that company, when "power lunch" returns. we've been preparing for this day. over the years, paul and i have met regularly with our ameriprise advisor. we plan for everything from retirement to college savings. giving us the ability to add on for an important member of our family. welcome home mom. with the right financial advisor, life can be brilliant. >>> a big shakeup in the corporate world, casino mogul steve wynn stepping down as chairman and ceo of wynn resorts following allegation of sexual misconduct contessa brewer is live in vegas with the latest. >> reporter: michelle when you look up and down the strip this is a monument to steve wynn's vision for las vegas with shareh

was tnsere a sethat there were rumors about steve wynn?ean, did this come as a bol out of the blue? >> no, it wasn't a bolt out ofau the blue b i think that the same types of allegations were being discussed across las vegas in many ways. but mr. wynn, is also a very powerful individual, held on to the fac t that you could fired by him, you know, if you didn't comply with what he wanted. there weo a lot of pee who feared for their jobs. so, therefore, you know, it was one of those things where thijus kept going on and on. and we have documentation that it happened up to thrcades ago. >> as i mentioned before, he was the finance chair of the g.o.p., of the republicanational committee, and a big donor. do you have any sense-- i know there have been a lot of callsth members of the g.o.p. return money that he helped raise for the party. do you havsany sense what thi scandal might do to his standpointure within the party? >> well, it's kind of hard to tell because one of the first things he defense resgn tha republican position. and he's been a

las vegas sands run by steve wynn's good friend, $60 billion, what would a potential deal for wynn be calling it cheap. because what nobody knows is whether these, the scandal, the allegatio allegations, which are incredibly serious and widespread, are going to make somebody say you know what, i'm going to the -- i'm not going to wynn >> yeah. >> is it going to damage their business where their earnings fall and it doesn't look cheap anymore. >> when the story broke, brian kelly wason the ask and that was his concern. my point was this, allegations are awful. i think we all agree but i also think, and i said that day, that wynn is at a point now that they are mature enough as a company that they can survive this frankly, do i think they are attractive tim pointed this out as well it traded at $165. we talked about it on valuing a. it's cheaper than its pierce i think they will survive this mr. wynn is gone the allegation are there there is headline risk, absolutely but these properties are worth a great deal more in my opinion than $175 a share. >> i think it is a great buy i bought i

are more common in authoritarian countries like china and north korea. >>> las vegas casino mogul steve wynn is out. as chairman and ceo of wynn resorts. he resigned amid sexual allegations of misconduct. a number of women say he harassed and assaulted them, something wynn denies. wynn said an avalanche of negative publicity has created a rush to judgment and that he cannot continue to be effective in his current role. >>> a former u.s. olympics gymnastics coach faces a criminal investigation. last month john geddert was suspended by the u.s. athletics. the sheriff said there have been complaints against geddert but there have not been details provided. he worked with larry nassar who has been sentenced for molesting female gymnasts. >>> at overseas a quake struck and four were killed. the magnitude 6.8 quake hit. at least four buildings including a hotel collapsed. roads buckled and power was knocked out. rescue crews are searching the ruins for a missing 420 people. another 125 were injured. en> back in this country reinstated against the engineer of the ak tram train that jumped the track

steve wynn, by contrast, said this is preposterous. we are not a jury at the rnc nor an investigatory body. if there's a finding of guilt we'll be the first to give the money back. >> front and center for lawmakers the next few days, facing a government shutdown. something has to be done here. what's the rnc's message going to be? we come to early march. there's no agreement reached. what's the message to those living in this country under very uncertain circumstances? >> our message will be because of democrats that you're in these circumstances. president trump has said i will give a path to citizenship for 1.8 million illegal immigrants wrapped up in this daca controversy, more than just the ones that obama did. but it's up to democrats. it's up to chuck schumer to say i'll also give you border security. negotiations are give and take. rit now all theocen doing are n >> so you'll put that in the minority party in both the house and senate? >> absolutely. it's their fault we're in this position. it started when obama put forget an un

schaaf stood by her actions yesterday. >>> a woman claims she was raped by casino mogul steve wynn in70s and had his baby. the woman told the police she gave birth to wynn's child in a gas station bathroom. he allegedly raped her on several occasions. another woman reported she was forced to resign as a casino dealer after she refused to continue a sexual relationship with wynn. other women have also accused steve wynn of sexual misconduct. he's denied the allegations. >>> "u.s. news & world report" as president trump has named his campaign manager. he picked former digital adviser brad parscale to head the 2018 campaign. he ran the campaign's digital media operations in 2016. he wasn't involved in politics until then. >>> "the new york times" reports hud spent $31,000 on a new dining set for secretary ben carson's office as cuts were being planned on programs for the homeless, elderly, and poor. the purchase took place shortly after a top agency official filed a whistle-blower report charging carson's wife with pressuring department employees go around the law if needed to pay for ex

into the ceo's shoes he's been with the company since 2002, worked side by side very closely with steve wynna succession plan supported by wynn. one, he would run the company, replace the board members with independent members and try to operate the company successfully two, they could try to sell the company off, either wholly or into -- by splitting off in assets gaming regulators, of course, in massachusetts and nevada will scrutinize any potential buyers who take part of the wynn assets with investigations pending, and losses by shareholders being filed, there's a tough road to hoe. kelly? >> yes, to say the least unanswered questions, still. thank you. contessa brewer covering that story for us lestly picker is here on post nine, leslie, with ellen coleman. welcome to you both. much to get into i have to quickly ask you, ellen, because we just heard about steve wynn leaving his own company, you know, you're whole thing here is to close the corporate leadership gender gap. he was not replaced by a woman in this instance, but what's stepping down quickly say to you? >> the board is seriou

scandal forces steve wynn from the home of his empire. and, a tsunami of earnings reports. >> i am pretty confident with the capacity in our business. >> we will stay disciplined within the capital framework. >> we aren't interested in being the largest but being the most profitable. >> it is all ahead on "bloomberg best." hello, and welcome. i am ramy inocencio. this is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. investors enter the week on edge after the dow dropped 2%, then , on monday, the plunge continued. >> the dow jones industrial average losing 1175 points, a 4.6% decline, now off 1.5%. >> last week, we had the selloff occur in the context of a monotonous rise in treasury yields, whereas today yields have come off a little bit. that sort of suggests for the first time this was about risk management and position reduction. >> this is about earnings, and it has been about earnings for the entire last week and investors are saying may

wanted him to include a no competition clause in the deal with steve wynn. kirk wouldn't do it. he said the best thing that can happen is steve wynn would bill a hotel across the street from us, which he did and everybody benefited. las vegas is a success because of big ideas and big ideas from kirk and steve wynn and howard sures, but i think in the case of kirk, it was -- he was the real masterminds. >> you talk about the mgm grand fire and you said that was originally his baby, 87 people died. i think at the time the second worst hotel fire. maybe talk about his reaction to that. he was in new york at the time, i think, on another business deal. something that really captures what kerkorian's business ethics were like in one story. >> the mgm fire at the first mgm, which was now called -- now the bali -- but the fire aftermath, kirk didn't want to have the insurance adjusting take forever. he wanted to move quickly to help the victims and the families to recover as best they could. and so he ended up being impatient with the insurance companies and they w

steve wynn did such a phenomenal job fundraising. todd rickets, perfect choice.you look at the total money they raids. 44% of the money came from small donations. obama did that. so this means this is working men and women. that's how obama's claim to fame with the you small donors. >> there are a couple things to keep in mind that are important. the media will play it up every time the republicans raise a lot of money. but there is a republican advantage if you look at the official committees. the dnc is in such trouble, given its behavior in the last eviction. >> they didn't like packs. >> all the people who didn't like the outside groups loved them. there disclose to $800 million, the i am gal of the democrats way outraising. here is the important thing -- charles: i don't see it. i see polls. generic candidates winning. name me actual democrats who will win. >> i don't think they are going to win. but what you are seeing is not only are you having much higher turnout and republic cabs are more complacent. it means you are getting more democrat candidates. the

coming up, steve wynn is out at wynn resorts and is giving shares a boost. s that next. this is bloomberg. ♪ david: casino mogul steve flynn has to down as ceo of wynn resorts after at cascade of sexual harassment results -- accusations against him. news has the shares popping in the premarket. joining us is our senior gaming analyst. does this take care of the problem? this islarge degree, likely to weigh on regulators, particularly in massachusetts casino opening was under threat because of disclosure problems related to steve wynn and these allegations. david: what is his ongoing relationship with the company? he will not disappear, what is his relationship with the company going forward? >> i think some of the details are being worked out. the focus now is on mathematics who had previously been cfo. the alleviation of this concern about licensing suitability probably offsets some of the concern about his loss of brand premium. david: he is recognized as a revisionary. he has read on all of las vegas, it is fair to say. madduxey be hurt because does not ha

. -- steve wynn. how significance was this replacement, and death the replacement of steve wynn and the allegations he is now facing? bill: it is not what the republican party needs right now. the fact that your finance chair has been accused of sexual misconduct. they moved very quickly for him to step down. the report came out on friday, he was gone on saturday. in terms of how it will affect the republican national committee, one thing a lot of donors told me is that it was not just steve wynn that was responsible for the amazing fundraising with the republican party. they outraised the democrats two to one during 2017. they broke all records for an off-year for the republican national committee. if you look at chairwoman mcdaniels, she was involved in this. made a lot of calls to donors. bringing on todd rickets, who is the son of joe and marlena r ickets who are big donors in super pac's. sheldon adelson was a supporter. the have the kind of rolodex you need for this kind of a job. the thinking i

to steve wynn.chusetts regulators are aggressively continuing their probe into wynn. >> both nevada and massachusetts said they are probing allegations of sexual harassment. massachusetts said it will be taking a look at steve wynn's personal stock holdings. regulators find some reason why he should not continue to be a shareholder, he would have to sell it and that would further put the company in a position where it would be vulnerable to take over. >> in germany, the political stalemate that has lasted since september appears to be over. chancellor angela merkel reached an agreement on a coalition government with the social democratic party. , the financeitions ministry, which has gone to the spd. how much of a concession is that? my third be some grumblings within her own party? >> it is a big concession. party, the cdu, should keep the finance ministry considering they were ahead in the polls in the election. the spd made a strong case they want to have this powerhouse so they can make their ma

football players can begin signing their letters of intent with the ncaa. >> working overnight, steve wynnas ceo of wynn resorts following multiple accusations of sexual misconduct. that comes a week after he resigned as finance chair for the rnc. wynn resorts said they accepted the resignation with a collective heavy heart. wynn has denied the allegations and said in a statement, the negative publicity around him has a rush to judgment that is done instead of taking in the facts. >> this is 9-1-1 call for rob gronkowski. >> what is your emergency? >> in the not an emergency, this is rob gronkowski calling and while i was gone, my whole house was robbed. while i was on the super bowl trip, i just got back. >> police would not say what was stolen due to the ongoing investigation. but they consider it a routine property crime. dpro gronkowski has not commented. >> the world's worst traffic congestion, according to the traffic scorecard, drivers in l.a. spend 102 hours a year in rush hour traffic. other cities like new york and san francisco, not far behind in the top five and the u.s. ranked

possible democratic sweep in the upcoming midterm elections. >>> breaking overnight casino mogul steve wynn has resigned from his own company amid accusations of sexual misconduct. wynn denies the claims which he says are part of a campaign led by his ex-wife and in a statement here he says, i have found myself the focus of an avalanche of negative publicity as i have reflected upon the environment this has created, one in which a rush to judgment takes over precedence over everything else including the facts, i have reached the conclusion i cannot continue to be effective in my current roles. now, experts in the gaming industry say it's unclear what effect his resignation will have on the business. >> this is somebody who for the past 30 years other people have been following. could this be the last of the big titans, you know, or does this just clear the way for the next generation? >> wynn was a big deal. he played a key role in the resurgence of the las vegas strip overseeing the construction of the bellagio, treasure island and later wind resort and casino. the bad publicity cost him n

rosalind: steve wynn has resigned as ceo and chairman of wynn resorts.alanche of publicity and a judgment means he cannot be effective in his role. he has denied multiple claims of sexual harassment. judgment means he cannot be reluctantly appointing the current ceo. the indian central bank announces a rate designated with all 37 economists surveyed showing no changes. reluctantlyinflation accelerate7 month high, above the r.b.i.'s 4% target. pricing in some tight and this year, policymakers may support growth. raising $8o close toyear, billion in malaysia. a loan deal could be finalized next month. lenders who agreed to provide funds. the contact is part of a $27 billion complex the is due to come on stream raising $8 in 2019. global news 24 hours a day. i'm rosalind chin. this is bloomberg. david: thank you for that market update. let's get back to the macro conference taking place of the four seasons in hong kong. tom mackenzie is there for us. tom. tom: yes, thank you. oppenheimer, peter goldman sachs chief of global strategies. a note was put out th

. >>> wynn stock surging, up more than 10% after the chairman steve wynn announced resignation amongual misconduct allegations. contessa brewer has more are you surprised to see he resigned as quickly as he has? >> reporter: it is interesting, the analysts don't seem surprised at all there was general consensus among analysts i spoke to that this needed to happen for the company to move forward, but people who knew the wynns well say they're shocked he would have stepped aside they saw him fighting the last thing. talked to the former mayor last week, he said no, no, no, he's a fighter. you look up and down this strip, this is largely steve wynn's vision for las vegas but after his stock plummeted, after the investigations have been swirling around his company, he stepped aside. the casino mogul had a statement last night that says in part in the last couple weeks i found myself the focus of an avalanche of negativity publicity. as i reflected on the environment this created, one in which a rush to judgment takes precedence over everything else, including the facts, i have reached th

this woman claims that she had a child as a result of the encounter with steve wynn.delicate time for him with his newest resort having just opened in las vegas and another one coming in macau in months. he was not sure about her claim. he essentially put it to rest in a fashion that he saw best -- fastest. he advised his attorney to make the multimillion dollar payment. vonnie: thanks to chris palmeri with that exclusive bloomberg story. suggesting that steve wynn's sigrid $7.5 million payment to a former employee was in relation to a paternity claim but no evidence he fathered a child. lawyers are looking into it and this is according to people familiar with the matter. real yield is next. ♪ >> i am mark crumpton with the first word news. the white house has declassified the republican memo on russian election meddling investigation. the move clears the way for the house of representatives to release the memo which alleges that the fbi misconduct. president trump said that the fbi and justice department politicized what he called the sacred investigative process. pr

the tweet, i noticed rob porter wasn't mention pd i wondered if the president was talking about steve wynn who has been accused and essentially condemned without any due process. but what you saw from the president is a certain sadness that somebody he liked let him down. >> does the president believe rob porter is still innocent? >> i think he's shaped by a lot of false accusations against him in the past. but in talk to the president i think he's sad about what happened with rob, i think he's disturbed by it and he's i have disappointed in it and he believes that the resignation was appropriate. >> covering the latest headlines, kelly o'donnell, kimberly atkins, and usa today paul singer. we're going to get to all of them. first to kelly at the white house. what more you can tell us about this? >>reporter: good morning or good aday, alex. there has been an effort coming together today to try to beef up support around john quelly the chief of staff by some of the senior officials who are on the various sunday shows today and to also sort of protect the president based on that tweet where

howie: steve wynn resigned from his las vegas casino empire this week amid sexual allegations. s journal admitting it killed the story about wynn 20 years ago. but the paper can't say exactly why the story never made it. now the paper is owned by a rival. what an embarrassment to have killed that thing in 1998. fox news deleted an online couple that was in my view offensive it was by john moody. moody wrote that the u.s. olympics committee want to change the team's motto from faster, stronger. to gayer and fairer. the gay rights group glad accused him of vicious lgbtq and buys at what should be the greatest moment of these athletes' lives. "newsweek" which once compared donald trump to charles manson is in total meltdown. the chief content officer was us spend over sexual harassment allegations then brought back. the editor was fired. allegations of improperly buying online traffic that new york prosecutors are investigating. matt cooper has resigned calling the firings a disgrace saying they sought clicks and retweets over fairness. that's it for this edition of "mediabuzz." we

thank you. >>> casino mogul steve wynn resigned overnight. wynn says he has become the focus of an avalanche of negative publicity. "the wall street journal" first reported the allegations last month. vladimir duthiers from our streaming station cbsn is here. good morning. >> good morning. one day after it came out, wynn announced he was stepping down at the rnc finance chair. it was after a decades-long misconduct. for decades steve wynn has been a titan on the las vegas strip. >> stand up, steve. stand up. >> reporter: but after the 2016 presidential campaign, he also set his sights on washington. >> steve is always calling. he's always got advice, right, steve? >> reporter: the longtime business rival and friend of president trump served as a the finance chair until his resignation last month after the journal published articles that he pressured others into sex acts and also with a manicurist. he settled with her. his resignation from wynn resorts came a day after the "las vegas review journal" admitted it held a story in 1998 alleged wynn

up 35% since election day. >>> steve wynn stepping down as ceo of wynn resorts after allegations of sexual misconduct. he denied the allegations first reported by the "wall street journal." now he says he can't be effective in his role claiming the environment prioritizes a rush to judgment over the facts. as the news broke, cnn's miguel marquez was speaking with charlotte arrowsmith. she's a plaintiff in a 1998 case involving allegations against wynn. she celebrated with a toast. >> oh, hallelujah, thank you, lord. something positive has finally come from this. you have -- i know it doesn't hurt him. i know it doesn't hurt wynn resorts. he has other licensees. i know all of this. but i'm going to tell you something -- after all he put us through, he needs to be humiliated. >> the accusations also cost wynn has job as finance chairman of the republican national committee. wynn resorts' president, matt maddox, becomes the new ceo. >> watched that stock, it was hammered over the past week or so. >>> democrats capturing a state legislative seat in a missouri house district that president won

how significance was this replacement, and death the replacement of steve wynn and the allegations he is now facing? bill: so obviously i talked to one donor who said this is exactly not what the republican party needs right now. the fact your finance chair has been accused of sexual misconduct. they move very quickly for him to step down, report came out on friday he was gone on saturday. in terms how it will affect the republican national committee, one of the things a lot of donors told me is that it was not just steve wynn that's proble responsible for the amazing fundraising the republican party had. they outraised the democrats 2-1 during 2017. they broke all records for an off year for the republican national committee. if you look at chairwoman mcdaniels, she was involved in this, she made a lot of calls donors and bringing on todd rickets, the son who is active to big donors and super pacs. addleson is a big supporter of some of the efforts they put together. he has the rolodex you need for this kind of a job. the thinking is it will not hurt fundraising that much with the te

. >>> steve wynn has resigned of chairman of wynn resorts. departure comes after stepping down from financial chief of the republican national city. >>> a heated debate tonight over privacy versus safety in alameda. people speaking out against license plate tracking cameras. kate larson is outside with the story. >> reporter: there are still no decisions on the license plate readers here in alameda. they are still in the middle of public comment section. likely to be a very long night. alameda police chief making his case for the license plate cameras. residents concerned with their privacy and if data from the readers could be used to help i.c.e. agents track down undocumented immigrants. hoping he gets the 13 fixed license plate readers that it will help deter crime and catch more suspects. others worried about being surveilled. >> for people who are concerned about racial profiling, this system doesn't do that. it doesn't tell us anything about who is in the car. >> i trust the chief. believe h doesn't want to share this data with i.c.e. >

[laughter >> i want to talk about steve wynn, she mr. las vegas. las vegas frankly. he's out, as you know, as ceo of wynn resorts, accused of sexual misconduct. jonathan, i don't think there was any choice here, i think he had to leavings if he didn't, the chinese authorities would deny him license to run his casinos in macau, what do you say? >> yes, for one thing, stuart, it's a great example when it comes to steve wynn, money can't buy taste, but investors have some, and they're voting with dollars here in the fact he's removed from wynn seen is a positive for the stock. so unlike in the government in the private sector, problems like this tend to get taken care of quite quickly. this is a positive for wynn shareholders given this move. stuart: jonathan, here ends your short performance on the bbc. thank you for joining us, we think you're all right. [ laughter ] >> get a british accent next time. you will get longer time. [ laughter ] >>> president trump says he will be in favor of shutting down the government in order to get a deal on immigrati

. >>> breaking overnight, steve wynn has resigned as chairman and ceo of his own company. he's been under increasing pressure since reports of sexual harassment claims against him. >> wynn denies the allegations and says he believes they're part of a campaign led by his ex-wife. she denies any responsibility. he resigned from the republican national committee a day after it alligations. he's seen as a guy who kind of remade las vegas in the '90s and 2000s. >>> and we have new information now on the other loss by rob gronkowski over the weekend. >> police released his 911 call after he realized his home was burglarized while he was at the super bowl. from our station in boston. >> where is your emergency? >> this isn't an emergency. this is rob gronkowski calling. while i was gone my whole house got robbed, while i was at the super bowl trip. i just got back. >> reporter: thieves gained access by breaking a window. the patriots returned to gillette stadium a short time later, arrived home and discovered they had had been burglarized. >> speak with the home owner while he wa

it means what happened with steve wynn a man synonymous with las vegas didn't stay there.y he is founding. it found he harassed female employees. >> he said i have had an avalanche of negative publicity. one in which a rush to judgment takes precedence over everything else including the facts i have reached the conclusion i cannot continue to be effective in my current roles. one of the many claims of harassment against him that he paid out $7 million to a manicurist claiming she was forced to have sex during an appointment. he denied the allegations and blamed avengeful -- vengeful ex wife. he built many resorts in las vegas. stock in the company fell 20%. resigned at rnc chairman. now in the last four months since the allegations against harvey weinstein more than 100 men have been toppled in what some called the weinstein ripple effect including steve wynn now. >> bill: will president trump sit down with robert mueller's team? his lawyers might be near a decision on that question. alan dershowitz on whether or not he will or won't. whether he should or shouldn't. >> san

the wake of sexual harassment allegations have caused penn unersity to remove their support from steve wynne and bill cosby. it's been a century since they took an honorary degree but credible allegations against both men wanterre warranted the. >> new details on a shooting involving a 12-year-old girl that turns the story on its head. >> doctors find a way to lose weight without working out. >> and a passenger tried to bring a peacock onboard, one airline cracking down on comfort animals. cecily? >> temperatures are changing overnight. we have a bigger story for sunday. we have detail in the accuweather forecast. >> we head back to minneapolis to hear from coach peders oh, dishwasher, why don't you dry my dishes? oh, he doesn't know any better. you just need to add finish® jet-dry in the rinse aid compartment. it's there for a reason. it dries much better than detergent alone. sorry dishwasher. finish® jet-dry. for drier, shinier dishes. your toilet is germ-ridden with mineral buildup. clorox toilet bowl cleaner with bowl cleaner has 10xgainst more cleaning power against limescale. so switc

. >>> steve wynn has resigned of chairman of wynn resorts. departure comes after stepping down from financial chief of the republican national city. >>> a heated debate tonight over privacy versus safety in alameda. people speaking out against license plate tracking cameras. kate larson is outside with the story. >> reporter: there are still no decisions on the license plate readers here in alameda. they are still in the middle of public comment section. likely to be a very long night. alameda police chief making his case for the license plate cameras. residents concerned with their privacy and if data from the readers could be used to help i.c.e. agents track down undocumented immigrants. hoping he gets the 13 fixed license plate readers that it will help deter crime and catch more suspects. others worried about being surveilled. >> for people who are concerned about racial profiling, this system doesn't do that. it doesn't tell us anything about who is in the car. >> i trust the chief. i believe him when he says he doesn't want to share thi

steve wynn is out. details as the billionaire mogul steps down as ceo of this company following misconduct. to infinity and beyond. >> three, two, one. company launching the most powerful rockets and the apollo mission sending the tesla roadster into orbit as well. more in the giant leap for the space race ahead. plus, winter is coming to a galaxy far, far away. from espn the "star wars," disney earnings. the new details on the streaming service behind "game of thrones." all that and so much more this morning. lealeah gabriels here. fox news contributor and ceo and former economic advisor, president obama rival fans via fiery strategists on duvall. good morning to everybody. this is when i'm very happy we have some age on the panel, myself included because we remember what this volatility looks like. >> it now, i think i was in middle-school. let's be honest. outside of the.com bubble and the asia crisis and the elite recession we've been on a three decade one directional ride. we haven't seen a 1200. s

wagner now 87 denied any involvement in his wife'> pennsylvania is distancingschool of steve wynn and bill cosby. penn will revoke his honorary degree and remove his name from the outdoor plaza and scholarship it's been a century since they took away an honorary we're on guard for ay mix, taking a live look at the commodore barry bridge. rain now, could be slippery areas out there be careful if you're heading out, we'll be right back. >> welcome back you're taking a live look here, philadelphia international air some rain, but we've got a couple of extra flights all gassed up, the better to get eagles fans up to cheer on our birds. matt. >> time for the morning buzz. we have surprise for a lifet a young eagles fan who is a cancer survivo the 13-year the super bowl and he has the thank. >> super bowl! >> carl fitzgerald is heading to the super bowl leaving for minneapolis with his dad. the vikings fan was too heartbroken to go when they lost. he found articles about cole. >> get your bags packed we'll see you on saturday, it will be a fun run and go birds. >> whew! >> yes, sir indeed,

developing now, steve wynn is stepping down at wynn resorts. following allegations of sexual misconduct. removing wynns name from an outdoor plaza. also resigned as finance committee of the republican national committee. >>> president trump is reportedly exploring parade options of his own. the "washington post" is reporting president trump is asking for a grand military parade. the president's request came after he witnessed france's military parade on bastille day. >>> the world's most colorful rocket launched today. the crash that followed this spectacle. >> reporter: welcome to the winter olympic in south korea. i am keith jones. coming up, the sights and the sounds ahead of a record breaking game. this winter in the state with more ski mountains than any other, family fun reaches a new peak. so whether you're a speed demon or more of a snow angel, your winter chariot awaits. pick the best peak for your family getaway at iloveny.com new york state. it's all here. it's only here. >>> the world is ready to compete in the winter olympics games

wake of sexual harassment allegations have caused penn university to remove their support from steve wynne bill cosby. it's been a century since they took an honorary degree but credible allegations against both men wanterre warranted the. >> new details on a shooting involving a 12-year-old girl that turns the story on its head. >> doctors find a way to lose weight without working out. >> and a passenger tried to bring a peacock onboard, one airline cracking down on comfort animals. cecily? >> temperatures are changing overnight. we have a bigger story for sunday. we have detail in the accuweather forecast. >> we head back to minneapolis to hear from coach pederson and wayne johnson when "action news" continues. >> los angeles police say a shooting at a middle school this morning was an accident. a 15-year-old boy is shot in the head and in critical condition. a girl was shot in the wrist. a 12-year-old said the gun went off when she dropped her bag. >> a public split between the white house and fbi unlike anything we have seen before. president trump is signing off on a memo showing impr

because they say the allegations against him are unproven, and so, you know, you have this whole steve wynn scenario playing out on the sidelines to the rob porter snacenario playi out inside the white house. >> if you want to take a middle road, there were all kinds of options in the last 13 months. put him on administrative leave while you investigate it. none that fof that happened, ei. you show how much turmoil this is for the gop that we're comparing those situations, and they're comparing shows situations as well and that we're still talking about it a week later. >> then you have a president who has not talked about -- in the case of rob porter, he hasn't talked about the women. he just talked about how terrible it is for rob porter publicly. >> he should probably take a cue, then, from kellyanne conway who has actually gotten -- her remarks yesterday were very delicate. she talked about not only these being accusations but also mentioning the police report and these women talking under penalty of perjury to sort of emphasize that this goes beyond a mere allegation, and you would thi

steve wynn has stepped down as ceo and chairman of wynn resorts after being embroiled in a sexual-harassmenttantly accepted winds admit -- resignation. profit beat expectations in the fourth quarter as it managed to take it vantage of crude's recovery. it was a profit of one point $3 billion after a loss of 40 million a year ago. it comes after a bruising three-year downturn. at 7:30 a.m..us softbank has recorded third-quarter profits that fell short of estimates. operating profit was two and a half billion dollars after an increase in cost for user acquisition. that's your bloomberg business flash. manus: thank you very much. grace peters is still with anna and i. the bottom line is that the u.s. looks through the hurly-burly, tries to look through the volatility spikes. we have earnings analysis. you can change it to any index you want. this talks about growth. you have been rewarded, you have been battered and bruised, share buybacks, dividends aplenty. what does the analysis tell you? >> it's been a good earnings season, particularly for the u.s.. plenty of things coming through in the m