verizon also did ok. thanks you should go out to kill an employer, you should keep an employer successful if you can. which is what we did up her eyes and. we came out with a bunch of jobs and we didn't have before, got work back from overseas and nonunion contractors, which was our goal going in. host: joining our conversation is david, a reporter. >> you guys went on strike after eight months of negotiations. what prompted the strike? you want making the progress he wanted? verizon dug in on some of the issues? 10 shelton: it was about months of negotiation and we went on strike because we had no other choice. the company was in the same place 10 months after they started. they wanted every single thing we have been able to gain, they wanted it out and we weren't going to give it to them. particularly our jobs and job security. >> did you get what you wanted on job security? mr. shelton: we agreed with that and thought it was a good idea. all the jobs in the call center, on the call centers in the mid-a

verizon also did okay you know. we are not a union that thinks we should go out to kill an employer. we should go out to keep an employer successful if we can while you represent their members which is what we did at verizon. we came out with lots of jobs that we didn't have before and we got a lot of support back from overseas and from nonunion contractors in the united states which was our goal going in. >> host: joining our conversation today is david shepardson who is a reporter at thompson reuters. guess who you guys were on strike after a months of negotiations. what prompted this strike? was it just that you are making good progress you wanted at the bargaining table and verizon was dug in on some of the issues? >> guest: actually was about 10 months of negotiations and we went on strike because we had no other choice. the company was in the exact same place 10 months after they started to where they were on day one and where that was what they wanted every single thing that we have been able to gain over the

so -- verizon. so, you know, that's when they accused me of sending these people on a vacation. >> how motivated do you think organized labor's going to be to get out of the polls this year? two terms of democratic president is always hard to retain what what would be a third term for the democrats. >> guest: well, i think it's incumbent upon, and i hate the words this is the most important election you've ever seen, but this might be the most important election we've ever seen because i think if trump gets elected not only is labor in trouble, this country's in trouble, and i think that labor has to get out and make sure that trump doesn't become the president of the united states. >> democrats were unsuccessful in getting the employee free choice act approved after they had, you know, 60 votes in the senate which was a big priority of organized labor. what would you like to see if the democrats retain the white house and regain at least partial control of congress? >> guest: well, i'm going to spe

i think verizon also did okay.hile you represent the members properly which is what we did at verizon. we came out with lots of jobs that we didn't have before. we had lots of work back from overseas and from nonunion contractors in the united states which was our goal going in. >> draining our conversation today is david shepherdson who is a reporter. >> so you went on strike after eight months of negotiation. what prompted the strike. was it just that you weren't making the progress you wanted at the bargaining table or just verizon dug in on some of the issues? it was about ten months of negotiation and we went on strike because we had no other choice per the company was in the exact same place ten months after they started from where they were on day one. where that was was that they wanted every single thing that we had been able to gain over the years, they wanted it back and we weren't going to give it to them. particularly, our jobs jobs and our job security. >> did you get where you needed on job security?

it is not just verizon or at&t. it's an interesting new world. ms.n: i think it's a smart move. the world is changing. it is really the innovator's dilemma that if you don't change fast enough because you are a big, successful company, like verizon is, then in a sense, if "the new york times" had changed early enough when it came to digital technology, there would be no room for "the huffington post." emily: there has been intense scrutiny on marissa mayer's own leadership and the turnaround, and now, she is now fighting for her job. do you sympathize with her at all? ms. huffington: absolutely, i feel that marissa is a working mother who chose to run yahoo! a certain way and, at the moment, clearly, shareholders are not happy with the way it's been run. when you are a public company, that's one of the dangers. you run. emily: do you think yahoo! can be revitalized with new leadership? ms. huffington: well, i think one of the great advantages of yahoo! is it is a hybrid. it is a journalistic enterprise, and it is a platform, and it owns tumblr. i thi

ex verizon.r the rest of the news. more "go" is next. ♪ >> this is bloomberg "go" i'm david westen. in less than 20 minutes from now a brand-new reading on the u.s. economy. the unemployment rate seemed to be ticking down slightly. joining me now from new york is jack. let's start with you. obviously, the first thing you will see is the top line number. what's the second thing you look for? >> wages. this is a crazy number. in this month we are actually hiring close to 900,000 people and it's easily adjusted to 160 or 1 70. >> six to one. and that's a net number you're giving us? >> yes. a net number of hirings. >> and the adjustment is that much? >> yes. so 36,000 out for verizon is really ,000 but people are going to make lots of noise about this. frankly i could care less about the number and more interested in the wage number because that's going to have an impact on profits and lit tell us something about what's going on with that. >> i wouldn't look at the wage number but the unemployment n

that's where verizon fits in.nce we look at that, it is another case of maybe this number is going to be a little biased because of that. but the next number should pick it up again. have a better view of the employment number and the economy. >> john, verizon issues aside, of the numbers that come out, what are you most focused on, the unemployment number, the wage growth. >> i think the wage growth. that seems to be what the members of the fomc, the federal market committee, really talk about the most. i think they're fairly comfortable with the unemployment number at 4.9, 5.0, that's pretty much full employment. what they want to see is the wage growth. that's what i'm focusing on, should be around 2.5% year over year. if it is a little stronger than that, again, another signal the fed will be going in july. wait after june with the brexit vote. >> our twitter poll responds agree with you, 49% of the 100 or so people who have voted do think that wages will be the most important. but you mention we would be trac

verizon and at&t are said to be the second-round bidders here.verizon bid was actually near the low end of the list. checking u.s. stock market futures this friday morning. it's been a great week for stocks, we do have a selloff right now with dow futures down 100 points, more than half of 1%. nasdaq futures are down three quarters of 1%. nicole: i'm going to see whether the nasdaq can squeeze up the gain this week or opening bell turns into negative territory. energy drives the market. valeant continue to get worse, company hoping to restructuring deal with walgreens will do the trick. adam shapiro has the details. >> remember that valeant used to be a 90 billion-dollar company that was back in august. today market cap over $8 billion, that's after the accounting problems, the management shake-up and then, of course, the issues involving price gouging. shares of the canadian pharmaceutical were rising on news the troubleed drug maker is negotiating with walgreens. that fee is paid even if an insurance company fails to pay valeant for the drug, t

verizon will buy yahoo!t could be in a length of, there are a bunch of bidders to get this to the point where yahoo! is comfortable selling it to verizon. will verizon via to that price? if yes, they win. david: two types of bidders here. dan gilbert, lest we forget. does either have an edge going into this? .> verizon should have the edge none of the private equity firms have synergy. almost by definition, they are turnaround candidates. would be replicating the aol purchase with yahoo! it seems to me verizon not only has the resources but also the synergy capability to offer the highest price. thank you. covering this story very closely. ahead, shares of facebook up 10% this year. we will explore that next. ♪ david: the dow is down .4%. the s&p 500 is down one third of 1%. is down really struggling this afternoon. policymakers meet the federal reserve and washington, d.c. following her decision on interest rates tomorrow and washington, d.c. will also have live coverage on bloomberg radio and available at

verizon is considered the leading contender. the private equity firm tpg is also expected to submit a site around it before monday's deadline paper journal for ordained yahoo! may hold at least one more bidding round. offers can change by the final round. lauren: struggling retailer ralph will run to announce major job cuts and store closings today. as profit and sales have fallen 50% since 2014. turn things around, rolf arend hired stephane larsen to replace him as ceo. by september he made his mark at old navy at each event. sources say he will announce 50 stores closing hospitals to does the job has been a at analyst today. taking a look at shares, they are down 30% in the past year. lauren: valley pharmaceuticals have said this today. investors have punished the stock to the company got caught up in controversies over mail order pharmacies and pricing of its drugs. we are also watching goldman sachs. u.s. investigators tried to determine whether the bank broke the law when it did not sound an alarm about a suspicious transac

karma. >> reporter: verizon adds it is a struggle to balance security with customer service. and it's unclear if the company actually ran a credit check before opening this account since of course the social security number would not have matched brian's name. on the consumerwatch, i'm julie watts. kpix 5. >>> at least 250 people are dead after powerful storms caused flash flooding in west virginia. among the victims, two young boys. people are returning to find their neighborhoods in ruins. flooding, rain and even fire from broken gas lines destroyed several homes in one town. nine inches of rain in less than a day turned neighborhoods into raging rivers. >> the wares was tothe water was to the roof. >> residents were rescued. this morning they began to search homes for survivors. the west virginia governor declared a state of emergency. >>> pacifica police putting out the word after a shark sighting this morning. a great white spotted off linda mar beach the second shark sighting in a month. that's video of the last one in may. that shark is just a pup. officials say beach-

sprint saying it's nearly as good as verizon but half the cost. and general mills is launching a new cereal brand called tiny toast flavored with real fruit and has no high fructose corp syrup or artificial flavors and comes in strawberry and blueberry. that is your cbs money watch report. follow me at jillwagner.cbs. >>> deshaun aybarer with, an army officer, has a new title crowned miss usa in vegas. she is the first military member to win miss usa. >> as a commander of my unit, i am powerful. i am dedicated, and it's important that we recognize that gender does not limit us in the united states. >> other contestants had trouble mustering that fire power during their own interviews. our own miss california was at a loss for words. >> i think that the risks need to -- >> she just lost it. >> yeah. nadia meja was mocked on social media for her flub but she took it in stride. >>> the 500-acre wildfire in calabasas that threatened 3000 homes is 80% contained. firefighters took advantage of cooler temperatures to hold the blaze back. >> the fire came

and now, verizon is looking to bid $3 billion for the yahoo!ssets, and there is to be another round, but verizon is said to be the frontrunner. dennis, i naturally go to you fir first, and what does the size of the bid say, and any color about how this round is going? >> well, i don't know if i have a lot of color necessarily, but what is important is that there are so many moving parts, and whether it is the patent portfolio, and how the assets of yahoo! is structure and it is not the way of a straight action as we want to cover it in the press. so many moving piece, and we have to take it with a caution because the headline number may not be the thing that matters most by the board, but it is what they could fetch for the other assets and also how they structure yahoo! japan and alibaba holdings. >> and with all of that in mind, how are we supposed to judge or evaluate the process if not just on the headline number? >> well, we will have to wait and see what the final outcome is of course, and there are opotentially other bidders and private

verizon is down 11 cents. verizon will be up because verizon's a bond and people are going to have to get income somehow or other. the savers don't get, no, savers have to take a little more risk. they go to verizon versus 30-year. >> i know. and there's a dividend yield on verizon of 4.45% right now. all right. let talk a bit more about the employment number we got at 8:30 this morning. the labor department reporting again that just 38,000 jobs were added in may. the unemployment rate went down to 4.7%. joining us for the first reaction from the obama administration is white house press secretary josh earnest. mr. earnest, nice to have you. this 38,000 number has got some people concerned. it's also 116,000 average over the three months -- last three months clearly lower than what we've seen over six months or a year. is job growth slowing down in this country? and if so, why? >> well, listen, david, i've been reacting to jobs numbers at the white house here for more than seven years. and what's true today ha

is comfortable with verizon. will verizon buyout for that price? if yes, verizon wins.not, one of the others wins. >> at the cost of $500 billion, disney finally unlocking the gates to its shanghai version of the magic kingdom. this looks like -- well, i'm not going to say it is a surefire hit for disney, but it is pullingy at the moment them in. >> 600,000 visitors they have had already just in the test run days. they are hoping to get 10 million, 12 million visitors a year. i am in the pirates of the caribbean theme section. ship behind me complete with noise affects and canons. the kids love that. just behind me that you may be able to make out, the disney castle. they are very proud of it. the biggest and most interactive castle they have ever built. my producer tells me they have all the princesses in that one castle, which is apparently very exciting. are 16 parks and also themed areas of the park and also the fastest roller coaster disney has ever built called tron, and a tricky "alice in wonderland" area as well. bob iger says this is him putting a stake in the

(vo) only verizon has the largest, most reliable 4g lte network.witch now, buy two samsung phones, and get a free 50" smart tv, plus up to $650 back. only on america's best network. i'm in charge of it all. business expenses, so i've been snapping photos of my receipts and keeping track of them in quickbooks. now i'm on top of my expenses, and my bees. best 68,000 employees ever. that's how we own it. . david: take another look, very interesting day in the dow. lot of action. look at that drop at the end of the day, crossed back above 18,000 for the first time since april, but couldn't stay there. dropping in the final hour to end the day nearly flat. we will see what happens tomorrow, melissa? melissa: all eyes on california and the associated press reporting hillary clinton made history by clinching the delegates needed for the nomination where bernie sanders is not backing down. the vermont senator is focused on persuading super delegates to change allegiance with the golden state win. here now is former arkansas governor, mike huckabee, former

verizon could make a play for yahoo.they plan to make a $3 billion offer for yahoo's internet business. verizon said it's not interested in buying yahoo's other assets including real estate. yahoo is expected to hold one more round of biddings. >> t-mobile wants you to be interested in the company literally. its latest promotion, the wireless carrier will give one share of stock to customers with a post paid or monthly account. t-mobile is launching a t-mobile tuesday's app giving all customers weekly perks such as free food, movie tickets and ride shares through lyft. >> thank you very much. >> frustrated travelers are the subject of a homeland committee meeting this morning. they want to improve passenger screening and wait time. faa administrators expect the general will be questioned. >>> when it comes to delays, seems bay area airports could do worse. that's the flight study. researchers found 85 u.s. commercial airports where flights are delayed an average of 15 minutes, no bay airport landed in the bottom 10th. sf

so verizon buying, acquiring a.o.l. wasn't just about a.o.l.'s content being put into a smaller footprint but it was about their ad servicing technology. all of facebook's growth is coming from advertising. google's one achilles heel is falling behind and how do they catch up on mobile. i think it would make incredible sense if verizon and a.o.l. were to merge and acquire the yahoo! but there are lots of other really, really talented people out there that are making a play for it. but it needs to be in some one else's hands right now. i think there's a collective understanding that it's time and that this needs to be on someone else's platform. it's not a platform in and of itself. >> bloomberg's david west's interview with ted leonisis. coming up, facebook's annual shareholder meeting is monday. investors are looking for news on the news class of shares. we'll discuss mark zuckerberg's plan for the company if you look bloomberg news, you can listen on the bloomberg radio app and on sirius x.m. more of "bloomberg west" continues next. ♪ get read

at&t has been trying to catch up with verizon in ad technology.it looks to expand into mobil video. yahoo is expected to come up with a short list of bidders. >>> could be a bidding war after all. landon dowdy, thank you. >>> there is still time to get in on that ebay auction for lunch with perhaps the world's best known investor. be prepared to pony up. it's not cheap. tonight marks the end of the week-long auction for lunch with billionaire investor warren buffett. it benefits san francisco's gly foundation. bidding is at more than $2.6 million. the berkshire hathaway founder has been doing this every year since 2000 and raised more than $20 million for that charity. >> better be omaha steaks. >>> coming up, we will show you a bit of president obama's visit to the "tonight" show. >> work, work, work, work, work. we have much more from his appearance on the tonigh >> the president singing and doing a little dance, got distracted there myself. we have much more from his appearance coming up. >>> happening right now, we are looking through reports

sprint's reliability is within 1% of verizon and it saves you 50% on most verizon, at&t and t- mobile rates. >> the sprint ceos that the ads are factual. >>> and t-mobile is making a unique offer to its customers. each new and existing primary account holder will get one share of common stock in the company. 11million existing customers are eligible. the stock trading at $44. >>> in health watch, the cdc said that americans are sadder than ever after it completed one of the largest and broadest surveys of health in the united states. it found in 2015, 30.4% of americans were obese up from the year before. the cdc said that the findings present a troubling trend that has grown steadily since at least 1997. >>> and people that work evenings over overnight or irregular schedules are prone to health hazards. according to the texas a and m study found that constantly changing the times they wake up and eat unwinds the body clock and can result in brain damage and loss of limb movement than on 24-hour cycles of day and night. >>> a plan to make housing in san francisco more affordable. what

verizon only bidding for the web at yahoos behest.x: joe, sorry to interrupt you, but we will be picking up the idea of a market selloff laver, market strategist. before we go to break, one more look at the big boards. today selloff. s&p picking up a little bit of steam. this is bloomberg markets. markets closing in just about 10 minutes time. >> we are seeing the stocks continuing to fall on this last trading day of the week. a lot of caution ahead of the week ahead of the fed meeting. if the dow jones losing six tens of 1%. of the s&p 500 just turned .egative the nasdaq is falling by more than a percent. we are of course talking about one stock in particular that has seen a rough run, goldman sachs is the fourth consecutive session of losses. drawingearing they are scrutiny from u.s. regulators on its fundraising from malaysia's struggling. four different countries investigating it over allegations of money laundering. westlake chemical has agreed to buy -- since februaryt and the highest level in more than a year. >> thank you so m

. >> switch to verizon. >> reporter: special offers to switch cell phone offers. ewe nis clark said verizon offered her $200 to trade in her old iphone for a new one. after three months of waiting she called verizon and was told they couldn't help her. they gave her a number to a third-party company running the trade-in phone program. >> i ended up calling them for the next i would say eight to ten months. i was always on hold for a minimum of an hour. and several times i would just be hung up on. >> reporter: frustration setting in, clark reached out to the abc news fixer who stepped in and verizon credited her account, $200. >> this is actually the number four consumer complaint at the federal trade program. they can get in this loop where they can't find anybody to talk to. >> get the hottest smart phone and receive free 32 inch samsung tv. >> this sprint deal hooked jim last december. >> i register online. i follow the instructions to the letter. >> did you get your tv right away? >> no. >> sprint told him the promotion was run by a third party company whose o

. >>> thousands of striking verizon workers are back on the job today. the action cam was at the verizon building at ray street this morning. employees returned to work after reaching a tentative contract agreement. including call center jobs and 11% in pay raises of four years and verizon will make changes to the health care pay system. >>> ownership of atlantic city's top casino is changing hands. boyd gaming is selling a 50% stake in the borgata to mgm international for 900 million there's. the company's ceo says despite the struggles in atlantic city, he had faith in the casino and its future. >>> health check this noon, the nation's top health officials are issuing guidelines for salt intake. abc news learned about reduced salt in prepared foods. it's to slash sodium intake by more than 1,000 milligrams a day. it could save dozens of lives and health care costs over the next decade knew may want to consider a cup of coffee before your next workout. researcher says that having caffeine could boost performance if had one hour before. and people that h

in fact, sprint's reliability is now within 1% of verizon.n, so, i switched to sprint. and millions more have too. can you hear that? don't let a 1% difference cost you twice as much. switch to sprint today. >> mike: don't miss part two of "o.j.: made in america," tuesday at 9:00 eastern on espn. the film moves on to address the escalating racial tensions in l.a., as o.j. crafts a seemingly perfect life in the nearby suburb of brentwood. part tuesday, tuesday on espn. this crowd stunned, as kyrie irving with a brilliant performance tonight. 41 points, 17 or 24 from the field. lebron james, 41 points, 16 rebounds and seven assists. facing elimination, their season on the line. and now, they'll force a game six back at quicken loans arena. >> jeff: and the warriors take out all their starters. >> mike: golden state trying to go with a small lineup again, as speights gets it inside. lost it. ball knocked out of bounds. without draymond green, a huge difference for this warriors team. as cleveland shoots 54% from the field.

verizon gained 1% to 52.67. at&t up a fraction to 40.33. >>> wendy's says he's found a second case of malware at payment terminals. the chain says the number of restaurants affected by the malware is "significantly higher" than the 300 previously reported. the software caused fraudulent transactions on some customers' credit and debit cards. shares of wendy's down 6 cents to 10.25. >>> tesla is denying its model "s" vehicle has any safety issues with its suspensions. the automaker denied claims it discouraged customers from reporting the problem. as we told you last night the national highway traffic safety administration said it would review reports of the suspension issue. shares of tesla fell more than 4% to 218.79. >>> our market monitor has stock names he says will benefit from rising interest rates, rising energy prices, and stock market volatility. michael mussio, wealth management firm fbb capital partners. you were on in february, you recommended alfa bet, google's parent, it's up a fraction. apple up a

in fact, sprint's reliability is now within 1% of verizon.n, at&t and t-mobile rates. so, i switched to sprint. and millions more have too. can you hear that? don't let a 1% difference cost you twice as much. switch to sprint today. >> mike: don't miss part two of "o.j.: made in america," tuesday at 9:00 eastern on espn. the film moves on to address the escalating racial tensions in l.a., as o.j. crafts a seemingly perfect life in the nearby suburb of brentwood. part tuesday, tuesday on espn. this crowd stunned, as kyrie irving with a brilliant performance tonight. 41 points, 17 or 24 from the field. lebron james, 41 points, 16 rebounds and seven assists. facing elimination, their season on the line. and now, they'll force a game six back at quicken loans arena. >> jeff: and the warriors take out all their starters. >> mike: golden state trying to go with a small lineup again, as speights gets it inside. lost it. ball knocked out of bounds. without draymond green, a huge difference for this warriors team. as cleveland shoots 54% from the fiel

. >>> and verizon is making another attempt at yahoo!'internet business and "the wall street journal" reports verizon was expected to submit a bid before last night's deadline for $3 billion. this is the second time verizon has submitted a bid for yahoo!'s assets. that report. >>> for the first time in 15 years general mills is rolling out a new cereal. tiny toast features small pieces of crunchy toast covered with even smaller pieces of fruit. it comes in two flavors, strawberry and blueberry. it arrives on store shelves this month. >>> close to winning the nba championship but steph curry will not be in rio. why the nba's most valuable player is skipping the olympics. >>> and singing for his sentence. a teenager avoids jail time by using his musical talent. do you often consume fruit, fruit juices, coffee or soda? acids in everyday foods and drinks may weaken and erode your tooth enamel over time. damaged or lost enamel can lead to yellow, dull and thinning teeth. that's why there's pronamel and pronamel for kids. designed to strengthen

. >>> still ahead, remember verizon's can you me now m pitchman. he is now working on a -- foror a rival carrier. >> uh-huh.>> uh-hu >> live look outside as we ledue to break on a monday morning. mr this work week hopefully.. >> steve, can you hear me now? can you hear me now?? >> no. >> good. >> weather and traffic on the 5s next. big picture under control. know you can see how much you have to spend and whether you should transfer funds. know you can easily keep track of what you're putting away. and know you're budgeted for the great escape. thanks to virtual wallet by pnc. ♪ ♪ double down on your candy and coffee cravings with dunkin's new heath and almond joy candy bar flavored iced coffees. america runs on dunkin'. >> orange and silver linera today are going see some extrage delays. delays all right, tucker barnes, so tue good news i guess when itss comes to getting the humidity ht out of here. h fingers crossed. cssed. >> give it a little

comcast and verizon will be treed the same as public utilities. they cannot prevent to charge like netflix for preferential treatment. it stops them from blocking or slowing web traffic. while the rules already in place in much of europe, the internet service companies which fought the new rules say they want an open internet. here's the background. the term network neutrality was coined in 20002 by tim lu who argued people would pay for more bandwidth. in the late 2000, the f.c.c. stepped up under the principle of net neutrality challenging comcast an verizon in court. on the one hand supporters needed this power to have internet providers to treat all web trafficking equally. but providers say this regulation deters investment and we should know u.s. broadband speeds are behind that of france, u.k. and south korea. but beneath the legal policy questions rises the more philosophical one like who owns the internet? do consumers pay to connect to it? and who balances all those competing interests? >> bloomberg's oliver roenick on net neutrality. co

i used to ask if you can hear me now for verizon. not anymore. i'm a sprint now.hat it was paying him to appear in these ads in the actor is not available for interviews. the first of the commercials ran last night during the nba finals. lauren: goes to show you how competitive the carriers are right now. the city of louisville is preparing to say goodbye to mohammed ali who died friday at the age of 74. the body was returned yesterday on the plane with his wife bonnie and other family members and friends. in a car motorcade stopped traffic on the way to a local funeral home. ali's funeral will be held on friday. eulogies will be delivered by former president bill clinton, billy crystal and bright humble. nicole: turn into the headlines in today's edition of "the wall street journal." u.s.a. took their private moon mission. u.s. officials appear ready to make history by proving the first mission to go beyond earth's orbit. cadillac bets on virtual dealerships. cadillac plans to convert a portion of its 925 stores into showrooms of virtual reality has said that no

verizon's bid is lower because it does not include property.kswagen may merge units and sell assets as it tries to navigate its way out of the emissions scandal. they say the company is planning to combine the component units of various grounds to cut costs. vw faces billions in fines after him deft after admitting -- after admitting reading cars. -- admitting rigging cars. that is the bloomberg business flash. francine: thank you so much. japan's yield on government bonds has dropped. i want to show you our chart of the hour japan's bond markets heading for its best first half of any year since 1995 after the central bank added negative .nterest rates five in 10 year bonds have slipped further into negative territory. yields just over 0.2%. currencies extended losses drag down by the msci's decision not to add chinese benchmark indices. let's get more on this with itrence mutkin, bnp paribas also is simon can -- also with us is simon kennedy. thank you so much. laurence, when you look at japan -- -- white is japan, germany is a blue. you can s

verizon has offered between three and a half dollars that $3.5 billion and $4 billion, but verizon isaid to be interested in also buying yahoo!'s other assets, but the have been told the company wishes to sell them separately. verizon will have a chance to match or top any offer. we know the private equity firm tpg is still involved in bidding and yahoo! has received more than 10 bids. we will bring the latest as details emerge. another story we're watching, the most popular mobile messaging service in japan hopes to rate one but -- raise $1 billion in ipo next month, putting them on track to become the year's biggest market debut for a tech company. they will sell shares and u.s. and japan at a valuation of about $5.5 billion. coming up, a big win for hulk hogan and his legal nemesis gawker is filing for bankruptcy. but it is not necessarily the end of the line for the empire. we will discuss. ♪ capital firmnture andreessen horowitz just closed another monster fund. they announced it raise $1.5 billion for a fun that will go early andcombo of middle stage investments. this is two yea

verizon submitted a $3 billion bid for the web business, and verizon doesn't want yahoo's real estate or patents which yahoo believes is worth another $1 billion. and pge capital is believed to have snuck in a bid before the second round ended. but the bidding is not over. yahoo is expected to have one more round and is hoping to have between $4 and $8 billion but the verizon bid is well below that and yahoo shares are moving slightly lower. and similar web did a survey in the first quarter of social media apps and found lower usage for the four main sites, facebook, twitter, snapchat, and facebook-owned instagram. usage was down in every country. germany was an exception, and fewer people are installing them on the mobile devices leaving some to wonder if social media is at the peak moment. the stock market, the dow gained over 100 points on monday. and so far this tuesday, the dow gaining 60 points and nasdaq adding one and the app is up by 3 points. anne and kenny, back to you. >> jason brook, thank you. >>> and within weeks, someone trips and falls crashes into a painting after a

in fact, sprint's reliability is now within 1% of verizon.int saves you 50% on most verizon, at&t and t-mobile rates. so, i switched to sprint. and millions more have too. can you hear that? don't let a 1% difference cost you twice as much. switch to sprint today. a leading consumer testing the top laundry detergents. the winner - persil 2 in 1, didn't only beat tide... it beat every single detergent tested. boom. switch to persil proclean 2 in 1. #1 rated. ♪ this father's day, get dad the tools he needs. ♪ >> jimmy: welcome back to our show. the cast on "finding dory" is on the way. and i do want to mention we have new shows this week with oprah, oprah winfrey, with ben mendelson, with mindy kaling, and we'll have music from meghan trainer and garbage. our first guest tonight is a beloved entertainer on both land and in sea. she returns to delight fish aficionados all around the world. "finding dory" opens in theaters friday. please welcome ellen degeneres. [ cheers and applause ] ♪ >> jimmy: how are you? very good to see you. you literally

in fact, sprint's reliability is now within 1% of verizon.ves you 50% on most verizon, at&t and t-mobile rates. so, i switched to sprint. and millions more have too. can you hear that? don't let a 1% difference cost you twice as much. switch to sprint today. into just 96 calories. pack all that great taste well, that's a mystery you don't need to solve. you just get to enjoy. spelled different because it's brewed different. ♪ ♪ ...your starting lineup. ♪ ♪ ♪ ♪ >> trevor: welcome back. now "the daily show" following its most sacred time of the year. vacation. two weeks without politics so long as you spent the entire time at the bottom of a canyon without cell reception, satellite or human contact, which we did and which is why this story touched all of us so deeply as jordan klepper reports. >> america's ugly election cycle has been raging for months. and i for one needed a [bleep] break. but i'm cheap so how could i get "the daily show" to send me on vacation. and make it look like i'm covering a story. >> today the help can party of the u.s

let's look at a stock like verizon. 4.3% dividend yield. let me give you a few reasons why you might look to sell strangles if you are long verizon stock. one of the reasons here is you're there because of the defensive nature. we're going to get to what's selling a strangle is. one of the other things you want to think about, do it in a stock that you don't think is range-bound. we'll be selling options against your long stock. we talked about overriding. that's selling a call against your long stock. you want to do this in a stock where you're willing to buy more. let's look at the chart right here. this, to me, we've had this recent move here as treasury yields have come in in the u.s. over the last few weeks. but if you look here, there's pretty well defined range. this is the breakout level, about 48. it kind of got rejected up here at 54. so what am i doing here to add yield to verizon? i would look out to august expiration. think about selling the august 48.55 strangle. about 40 cents, selling one of the august 48 puts at 45 cents. i

verizon rceo mcadam has begun speaking about using 5g to expand high-speed to rural areas. and fiber fast wireless connectivity will deliver the long-sought goal of competitive high-speed internet access for consumers. but let's stop the imagining for a moment. here's the key. the interconnected world that we live in today is the result of decisions made a decade ago. the interconnected world of the future will be the result of decisions we must make today. and that is 5g is a national priority. and why this thursday, i am circulating to my colleagues proposed new rules that will identify and open up vast amounts of spectrum for 5g applications. we call it the spectrum frontier's proceeding and we will vote on it on july 14th. our 5g proposal, excuse me, is the final piece in the spectrum trifecta of low band, mid band, and high band airwaves that will open up unprecedented amount of spectrum, speed the rollout of next generation wireless networks and redefine network connectivity for years to come. i'm confident that the actions will lead to a cornucopia of unanticipated,

the wall street journal reports, verizon still the top contend tow buy yahoo.oo and verizon wouldn't comment, yahoo will hold one more round every bidding. don't be late for your uber ride, the company expanding pilot program that gives riders two minute window to get to their car before charging late fee instead of the previous five minutes. uber tested this in new york, new jersey, phoenix, dallas, says riders were likely to be prompt. so, the policy, headed to dozen more sit thinks month, brooke and jim. >> i like that policy, thanks, jill. in other business news, atlantic city showboat hotel is re-opening and look to go hire. a job fair begins at 1:00 this afternoon and goes until 7:00. you can enter the main casino floor entrance, positions include housekeepers, front desk worse ers, sales manager and general manager. the hotel will no longer be operating a casino. >>> arrest warrant for suspect until the murder after delivery man, pizza delivery man in delaware county. police are looking for rodney shelton. investigators say he shot thomas childs on loadi

verizon is a front-runner to buy yahoo!. their telecommunications giant acquired aol last year and analysts say buying yahoo! could give verizon more scale on the internet. >>> there's a new way to get wi-fi, we hear, in every corner of your home. >> that's right. it can be spotty in your house sometimes. "7 on your side's" michael finney tests this home wireless fix, michael. >> i hear about this problem constantly. getting good wi-fi signal in every room of your house, it can really be tough especially if you have a large house for lots of brick walls that block signals. the "consumer reports" have tested a new product that just might help. jim wilcox knows a lot about tvs and streaming media with devices. he writes about them for "consumer reports." but when it comes to getting a wi-fi signal throughout his house, he's at a loss. >> the signal is fine at the foot of the bed. but we don't get a snool at the head board. >> so "consumer reports" wi-fi export brought the new wi-fi system so jim's house to replace his old rout

the verizon win-win-win event is back with the iphone and ipad.in number one: you get america's largest, most reliable, most consistently fast 4g lte network. win number two? we'll pay up to $650 when you switch and trade in your phone. and the third win? buy an iphone on the best network... ...and we'll give you $300 off any ipad. why settle? you can have it all at the win-win-win event. at verizon stores and vzw.com >> trevor: welcome back. the u.s. army corps of engineers is not just the military's nerd squad, it's also the place you want to go if you want something built. even if no one needs it. >> the u.s. army corps of engineer is the largest public engineering organization in the world. 700 military personnel, over 30,000 civilians. and these guys build things like the washington monument, panama canal. >> damn. >> and dams. >> damn. >> these guys are bad asses and i'm sure journalists michael grunwald agrees with. >> late thee they built a lot of environmentally drukive boondoggles. >> what the hell did he just say. >> they build a lot of

i used to ask if you could hear me now with verizon. >> that catch phrase associated of course with verizon wireless, now paul that actor who delivered, working for sprint, in a commercial that debuted during the n. a finals, said sprint service now nearly as good as verizon, but half the cost. and, on also a lighter note, the ghost buster readout has its own snack. hostess teamed up with sony pictures on ghost buster theme twinkie, honor new female ghost busters, comes with, you guessed it, green slime filling, filling is key lime, if you remember king east had bit of cameo in the original ghost busters film, brooke, jim? >> we'll skip right past dream twinkie cream, partially because eww, the other half that far because we think it is hilarious that actor switched phone companies. he's following the check. >> i think it is brilliant. >> hilarious. >> great marketing move, sprint. >> indeed. we'll check with you tomorrow. thanks, jill. >> well, federal reserve chair jim yellen is expected to talk about the economy when she visits philadelphia today. investors will -- investors will will be

so they should have been buying verizon. they didn't necessarily want to go make the big bet on ibm, gigantic european exposure. watch an intel. watch a microsoft. they've got huge european exposure. all i'm saying, david, i totally agree with you. ge geopolitically i have to go back to november of 2011 when you're interviewing the candidates from the republican party at our debate, and the italian bond market was at 7. okay. well, david, you used to talk to me about failed bond auctions. >> yeah. >> isn't that right up there? >> yeah. those were scary moments. >> thank you. >> this is not a lehman moment either. >> thank you for saying that. because i've heard about a dozen people call it as a lehman moment, including some of those people who remember me when they were in kindergarten. >> we aren't going to pull back in that way, but we don't know the answers. >> last 100-point drop was august 21st, last 600-point drop was august of 2011 when we had that ult um oil regarding that aaa rating. [ bell ringing ] that's the open