today's guest host aol ceo and chairman tim armstrong.ton post." we'll be right back. actions. they speak louder. we like that. not just because we're doers. because at sheraton, we're changing. big things. small things. spur of the moment things. ♪ changes you'll notice. wherever you are in the world. >>> stocks to watch this morning. aig reported quarterly profits of 65 cents per share, 35 cents below consensus. they saw a short fall in income from underwriting and investments. viagen is spinning off the hemophilia business into a separately company to be named at a later date. john foxx will be ceo of the new company. >>> texas road house beat estimates by quarterly profits of 50 cents per share. restaurant chain also on pace for better than expected comparable sales for the current quarter. >>> when we return, tim armstrong joins us along with the ceo of ryot. >>> is uber wimping out when it comes to taking uber public. travis was on the show last week and had this to say. >> this is about building a company. it's always been that way

we've got tim armstrong for almost two hours, i think. ts is obsessed with yahoo! and what's going to happen with yahoo!. tim is now, kind of the guy, i guess at verizon, if that does become the eventual acquirer, i think that might come under auspices. i think they may be comfortable at verizon to handle the combined entity. we're going to talk to tim. i don't know how much he will say. is sara there, sara listening? >> yeah, of course. >> wilfred was at the correspondents dinner. tim armstrong was there. do you know who one of his guests he's bringing today, sara? >> i don't. >> jared leto. jared was at the white house correspondent dinner. i did not know he was going to be on the show. i needed to get a selfie with him. i don't know if you know this guy not only did he win an academy award for "dallas buyers club" he's been the front guy -- >> i've been a jared leto fan for my whole life? did you ever watch "my so-called life"? >> i never watched it. they sold 50 million records. 50 million. then he takes off for five years and then bec

jo ling kent sat down with exclusive interview with aol ceo tim armstrong. id armstrong have to say? >> talking about two big stories and facebook and yahoo!. and verizon reported bid for aol. this is what armstrong thinks about having yahoo! and potentially running it. >> if it were right deal at right price, might be something we're interested in. yahoo! is the own company, has its own process. we can't bank on that. so we're in development right now of looking at our 2020 vision and strategy to make sure we execute against it. reporter: you have been a head of a company, still head of the company that has been acquired. it's a very difficult, challenging process even if it turns out well as it did in the case of aol and verizon. what advice do you have for marissa mayer at yahoo!? >> i have known marisa for 10 years, worked at google. she has probably all advice she needs from advisors and management team. i would say the biggest thing we learned in the m&a process overall making sure there is actually a coherent strategy and vision because doing deals for

reporter: in my exclusive with aol ceo tim armstrong at tech crunch. what does he think about facebook suppressing conservative leaning topics? >> i think it is unlikely facebook is tilting information for consumers. all of us have one word with consumers, that is trust. if consumers don't trust you, they will have us on the service. reporter: armstrong as a rule he stays out of editorial side to prevent political influence like the "huffington post." 2016 race generating a lot of money from media properties like aol. i asked armstrong what does he think about the presumptive republican nominee, donald trump. >> here is what i vote for. i vote for most contentious, most discussed, elong gated presidential process ever. >> you got it. >> with our media properties makes huge difference with amount of traffic and focus. there is a real decision to be made. there will be 10 million conversations and topics that come up between now and election, benefit for our business to. reporter: armstrong also commenting on verizon's reported bid for yahoo!, telling me

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idea tim armstrong might end up running yahoo!ng with aol consolidating them and making a combined old internet , making up business with volume what you can't make newith innovative technology which is what neither company has been known for is not a bad idea. over time, that would allow them to migrate both his misses together and separately in the right direction. even facebook and google have to go through a major evolution going forward. it's such a fast changing industry. yahoo! probably needs bigger shoulders to lean on. emily: we will continue to follow it every step of the way. david kirkpatrick, thank you so much for joining us. coming up, we will talk about wearable maker pebble and its new products. ♪ mark: i'm mark crumpton. let's begin with a check of your first word news. the brussels police chief is among those recovered from injuries sustained during an anti-austerity protests that turned violent. thegovernment has said focus should be on tax division. a federal judge has ruled a law curtailing early voting in ohi

aol ceo tim armstrong spoke with their own jo ling kent at the tech crunch conference in new york.strong commented on the recent group for that facebook has suppressed conservatives said checksum is training topics section. >> you think it would be highly unlikely that facebook is killing their information for consumers. at the end of the day, all of us have one word with consumers. if the consumers don't trust do you want to service. trade to more from tech crunch confident throughout the day. meanwhile, the committee has sent a letter to mark zuckerberg telling him to make available on these accusations. lauren: developing this morning, the dea and sheriffs deputies raised print as minnesota estate. that's are searching for medical records and prescriptions. the search comes as we learned this man, dr. michael schellenberg prescribed the singer medications and saw him the day before he died. dr. schellenberg was going to his house the morning of his death to deliver those test results. nicole: let's been caught up in the global market action. shanghai composite index indicate bot

tim armstrong would run the whole thing.y be the one party willing to pay the most to do it. david: there are some big health and pharma deals that came out. abbott laboratories has agreed to buy st. jude medical at $25 million. and abbie will buy stem centrex. 45 $.8 million. these started he deals? jeff: it begin with the thing up and down. it really got slow. today is a pretty busy day, health care is leading the way. that is not a surprise. with the obamacare and the push for consolidation, you will see more companies whether we are talking about pharma companies or device companies or insurance companies or hospital companies. there will be consolidation. comes a topany that of mind considering health care? jeff: sunopi and astrazeneca will get aggressive. this will be in play for a while. scarlet: comcast plans to buy dreamworks animation. we have been reporting it is a $3.8 billion price tag, about a 50% premium over dreamworks'last close. do you think this could be a potentially rich evaluation? >> i think this is a

the idea that tim armstrong might end up running yahoo! with aol consolidating them and making a combined old internet advertising business, making up with volume what you can't make up with innovative new technology which is what neither company has been known for, is not a bad idea. over time, that scale would allow them to migrate both businesses together and separately in the right direction. even facebook and google have to go through a major evolution going forward. this is such a fast-changing industry. i do not have any concerns in the short term over facebook or google. but yahoo! probably needs bigger shoulders to lean on. emily: we will continue to follow it every step of the way. our bloomberg intervening editor david kirkpatrick, thank you so , much for joining us. coming up, we will talk about wearable maker pebble and its new products. ♪ >> top story this hour, china's central bank at its lowest in more than five years. traders are pricing in a better than expected chance of the said raising rates i july. by disrupting the p

tim armstrong would run the whole thing.on seems like they are very interested in getting this. they may be the one party willing to pay the most to do it. david: there are some big health and pharma deals that came out. abbott laboratories has agreed to buy st. jude medical at $25 billion dollars. and abbie will buy stem centrex. $5.8 billion. carol: what do you think happened? jeff: it begin with the thing up and down. that slowed a lot of deals. the deals that happened or once we were working on last year and he got slow. today is a pretty busy day, healthcare is leading the way. that is not a surprise. with the obamacare and the push for consolidation, you will see more companies, whether we are talking about pharma companies or device companies or insurance and hospitals. you will see consolidation going on. carol: that is like top of mind in the health care. jeff: sunopi and astrazeneca will get aggressive. this medivation will be in play for a while. scarlet: comcast plans to buy dreamworks animation. we have been rep

i'm going to work on a -- >> tim armstrong, thank you very much. >> join us tomorrow. "squawk on the street" is next. >>> good tuesday morning. welcome to "squawk on the street," i'm carl quintanilla with jim cramer at the new york stock exchange. david faber is in los angeles at the milken institute global conference. a lot more from david in a moment. meanwhile, sullen may continues to live up to its name. europe getting hit by a weak uk pmi and the dollar at a 15-month low. australia cutting rates, auto sales on the way. roadmap begins with tim cook. he joined jim on "mad money" last night covered everything from innovation to china to revenue to the company's value. global data driving futures. we'll tell you what to expect on wall street today. and shares of aig down in the premarket after earnings. peter hancock will join us live. >>> first up, tim cook defending app apple's latest results and the stock mired in a slump. he was on with "mad money" last night. >> if you talk about macroheadwinds, difficult compares dominant. >> yeah. >> currency, no new iteration

. >> that is not tim armstrong's m.o., and he is straight forward and he does not play games.gine that we talk to all of the bidders, and i don't see that he would whisper that to the journal, and that is not his manner in any way. and it is probably, you know, one of the issues is that i have been hearing 3.5 to 4.0 for the core when you minus out the patent and real estate. so is you can add a billion or so in for those, and it is closer to five and so david is spot on with the inclusion of the patents and the real estate between 4 and 5 you can see that, but below that, the company won't sell. i don't think that jeff smith will sell. they won't, and they will move ahead and do something else. they are not certainly selling at, you know, they are not going to be selling at the bargain basement prices even if the business is totally troubled, and it is, so i don't see it. >> okay. the apple store is getting a makeover, and the vp erin an dress calling it a new makeover, and they are saying things about this, ra, regarding the public space, and the free wi-fi and is this a can

. >> it is probably tim armstrong with aol, they might be able to get some value from it. >> tim armstrongas said that. >> strategically that would make the most sense. >> it is worth how much to them you're talking. >> he should double pin more than anybody else. >> which would be 4 or 5 to you? >> probably. 6.5 is the top. >> the question is, is yahoo! worth more than aol? hard to up imagine. i don't know. the dan gilbert people, he's a very smart guy. maybe he's got a strategy. >> maybe he'll figure out something with the eyeballs. >> maybe he has an idea we don't know. >> okay. i'm finished and done. i don't think i can talk about it again. >> this is a baby company we are talking about. >>> let's check on the markets this morning as we showed you the futures. the stock market futures are higher today. we'll check things out, dow futures up 22 points. again, it has been three weeks in a row of down marketed. so at this point green arrows look like good news to bulls out there. the s&p 500 up 3 points. the nasdaq up by 3.5. if you check out the ten-year note, that yield continues under

they are willing to go to the half point there and they already have the leadership involved in tim armstrongworking for verizon, he could run a combined aol/yahoo!. i still think that makes the most sense. scarlet: thank you so much. there will be a lot more gyrations for this story. still ahead, house speaker paul ryan says he has not made a decision on donald trump, but he could be getting ready for an endorsement. we have exclusive details for you next. ♪ scarlet: this is "bloomberg markets." alix: scoops just keep on coming today on bloomberg. the euro the house paul ryan saying he wants to end his standoff with donald trump. scarlet: it has been about two weeks since the pair met in a theirencounter to end feud. what did we learn from paul ryan's meeting with reporters? >> he did not come out today and do this endorsement, and we did but heect him to, realizes the tight spot he is in. what has happened is a real early test of his speakership. he painted himself into a spot theailing to endorse presumptive nominee and really put himself at odds with many of his own party, and most import

emily: how have you liked working with tim armstrong, the ceo of aol, and do you buy into the idea toedia and advertising giant that could compete with google and facebook? ms. huffington: well, first of all, tim and i have now worked together for five years. he bought "the huffington post" in 2011. and if you think of it, it was a visionary act. the shareholders vanished. they thought it was a foolhardy move. aol received two bids while they were negotiating with verizon to buy "the huffington post" for $1 billion. clearly, he bought it for $350 million. so already, in what was then four years, he had an asset that because he invested in us, had become significantly more valuable. he really backed me up when i want to take "the huffington post" around the world. it was really fantastic from our first trip together a couple of months after the acquisition in london. we announced we would be expanding in the u.k., in canada, and after that, it became -- we had the kind of first mover advantage of growing internationally while now everybody is trying to do the same thing. emily: faceboo

they have tim armstrong behind them so he can run it and maybe make it work.r sure in 3-4 weeks. david: thanks very much. despite a rocky retail work for earnings last week, retail sales for april came in better than estimates. this week, investors are keeping up close eye on target and walmart for posting quarterly results. isning us now with a preview the wolf research analyst. what are you looking for this week? >> after last week's debacle, it's hard to think it will be great. we did not expect a massive blowup in either walmart or target. walmart is a huge grocery store at this stage with 65% of their sales in grocery or health and wellness. we were not expecting a disaster out of walmart. as far as target, it's less of a grocery store but we thought the quarter would be ok. week, it was hold on for your life. the retail sales number actually surprised to the upside. maybe bricks and mortar are being sucked up by the internet? >> we just published a big report and millennials are going to amazon and we added up the numbers in almost 50% of incremental ret