is that the place where he is going to put wynn resorts capital. >> talking about steve wynn buying andhe prish yens purchase he made of his own shares had. >> the wynn bottom. >> in 2015. >> the stock was in the 50s. >> it was in the high 50s then. >> to a. >> what did we think about him maybe selling shares now. >> if you loved getting in with him when he was buying shares by definition you start selling when he is selling my pushback would be he did that by choice then i don't know if he has a choice now. i think the shares are going higher and by the way, this is contessa's first time with us here. >> welcome to the "fast money" set. >> in person, and she did it on her birthday >> i know. on her birthday. happy birthday contessa. >> announced to everybody. >> quickly and when. >> all the charts look similar, ironically, but i think for wynn the worst is over. i would be a buyer with him selling it >> contessa, unk that happy birthday to you. >> final trade time. tim. >> diageo. >> i think if you look at guinness it is a company that's going to be positioned >> dock horton is the nam

wynn resorts listen i'm not commenting on steve wynn, i have no idea if he is guilty or innocent., for the sake of this, it doesn't matter. he just sold his stake in the firm wynn seeming to have removed themselves from mr. wynn which might be good might be bad i don't know it is an issue. what is an issue compelling valuation stock trades around 18 times forward earnings 20% eps growth rate. it is a potential takeout play everybody says it is a macau play not so fast. look at mccarron up 4%. the story here is what they are doing in las vegas aside from macau. obviously there has been bad news in the stock frankly in my opinion the story never changed. wynn is on solid footing jp morgan raised their price target to 205 or so. i think there is a good chance if the tape is benign you are going the see wynn resorts trade up to the levels we saw before this happened. >> mccarron airport stats? that's like going to tj max to look at under armour sales. >> in terms of what we are seeing now, steve wynn, how old was he and was he sooner or later going to step down did that play into what

>> wynn. >> dan nathan? >> i don't have a trade.d-bye and good luck. >> looks like our time is expired. check out our "options action" website. stay tuned "mad money" is up next >> this is a paid program brought to you by the international fellowship of christians and jews, presenting the plight facing god's chosen people today so that you can be a blessing to them through your prayers and christian love. >> and it was right here in those ravines jews would be brought. they were walked for kilometers. ♪ comfort my people... >> each of them went through unbearable darkness. ♪ comfort my people...

i love this town >> after the ousting of steven wynn, investors are loving shares of wynn resorts and after you hear what the new ceo told cnbc, you might, too. >>> plus, calling all "options action" fans reach into your pocket grab your phone. ptnstweet us your question at "oio action. if it's nice, we will answer it on air when "options action" returns. >> la jollacal -- logical. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade but i'm not standing still... and with godaddy, i've made my ideas real. ♪ ♪ i made my own way, now it's time to make yours. ♪ ♪ everything is working, working, just like it should ♪

if you take a look at shares of wynn, the stock regained most of its losses against steve wynn first surfaced with the new ceo at the helm if you're looking to roll the dice, mike has a way taskew the odds in your favor. take it away. >> we'll look at a call spread risk this is a trade that we're going to want to look at when options elevated are premiumed it spiked when they gapped lower on that news they are still well above average. the second thing we're trying to do here is we're trying to capture some of the upside, but, finally, we also want to avoid some of the risk of further downside after we saw this news come out and we'll take a look at how the stock behaved. we can see what's going on here. as you alluded to, this is when the news took place. stocks fell very sharply and now we recovered a decent bit of what it lost essentially, if you get in and you start buying the stock right here and you get more bad news, we have a sense of where that bad news will lead to. right around the 170 level the trade i'm taking a look at doing here is the 170, 190, 210 call spread risk re

. >>> wynn resorts, there are reports surfacing that steve wynn may sell his entire stake in the companyontessa brewer joins us now what's the big news in. >> steve wynn and his ex-wife elaine wynn are throwing in their hands for to a business agreement that kept them bound after their divorce was granted. it kept them from selling their shares without permission of others last week owe cad ka okada's coy settled with wynn resorts, and yesterday a judge ordered the deal dissolved between the two wynns they own roughly 21% stake in the company. a massive selloff could make the company a target for takeover. i sat down with matt maddux one week ago today for an interview. >> have other companies made offers to buy wynn resorts either in whole or in part >> we had no offers. >> would you entertain offers to buy wynn resorts >> i have a fiduciary duty to entertain nothing. burr we're not for sale. breaking up the company makes no sense. to pursue strategic alternatives when the narrative is not about the business is a mistake. >> when i asked when they might consider changing the name of wyn

offers to buy wynn esorts?eo of a fiduciary duty to entertain anything, but what i can tell you is we're not for sale, and there's been talked about making the company up. that makes no sense. to pursue strategic alternatives in a time when the narrative is not about the business is a mistake. so what i'm doing is i'm getting everybody focused again on what it is that we do we build places that are fun and that produce the best returns in the business >> so there are still a lot of challenges to producing the best results in the business. namely, a slew of shareholder lawsuits among the biggest, oregon and new york state suing the board over the breach of fiduciary responsibility there are new victim lawsuits against steve wynn, and potentially against the company as well that need to be settled. but it's clear that matt maddox sees this as an opportunity to turn over a fresh leaf, to refocus energy on making his employees feel valued and proving to shareholders that there is real value to come in this company

without wynn >> nope. do not because at some point in time, steve wynn was probably going to step away. he wasn't necessarily going to sell his shares but he was going to step away i think you just wonder at what point in their careers will they bob igor, that comes up every time we talk about disney. everybody always looks at somebody's age and say how much longer will they do this i would have thought at some point steve wynn would probably say you know what, maybe a year or two, that's it. obviously there is a succession plan in place that will be stepping in. and the game plan's already there. they have the blueprint for what's going forward from here for the next five years for wynn i'm not disappointed in the fact that the stock is trading up as a matter of fact, i like it a loch lot. i think it will go higher from here >> are you surprised by mgm and las vegas sands they have not traded better on the belief they have gained market share because of the headlines we are hearing with wynn? >> yeah. you

resorts, okay it's called wynn resorts the company's face was steve woo wynn it wasn't mr. you know, the shares are up because people want the liabilities kind of swept under the bridge so it could be fixed up for sale. >> they want wynn himself to sell - >> fblg, of course again, this is just interpreting for -- >> yeah, wall street is looking at the shortest path between where they are now and realizing more value for it. they're going to hope, perhaps, for a sale or partial sale doesn't mean it's going to happen right away. >> contessa, thank you great interview. >>> here's a look at how we finished on wall street today. it was higher by more than 1.5% across the board second best day of the year for dow and s&p, third best day of the year for nasdaq. >>> it's time for our news update with sue herera. >> hello again, everyone flanked by family members of students who were killed in the parkland high school shooting, florida's governor, rick scott, signed a $400 million school safety bill which places new restrictions on guns he said the bill balances, quote, our individu

and mccow based galaxy said it was taking a 5% stake in wynn. wynn shares finished at 175.88. >> glaxo smith klein isakg itself out of bidding process for pfizer's unit. pfizer expects to make a decisi later this year to actually sell that portion of their shsiness. es of glaxo rose. shares of pfizer were down 3% to 4.49. >>> shares of qualcomm came under pressure after the chip maker said all of its board nominees had been reelected. fx of the directors, though, faced oppositiom the a majority of shareholders who were concerned about how the company handled a recent takeover offer from rival broadcom. qualcomm shares fellore than 3% to $53.66. >>> our market monitor tonight has names o stocks that he says will remain valuable even with rising trade restrictions between the u.s. and china. this is his first time on our program. we welcome jerem brian. he is portfolio manager with radiant investments. jeremy good to see you. thank you for joining us tonight. >> thas for having me. >> i'm going to jump right in with your rst pick'm curious. it's s

the settlemen could clear a path for steve wynn, the company's biggest shareholder and formerrm ch to sell part of his stake in the.can. the new ceo says the deal allows him to focus on the future. >> it was taking the air out of room. d so when i looked at it, i thought, buying back 24 million shares of stock at $78 financed to the 6% interest rate is great for our shareholders. so just make that deal and be done. >> steve wynn of course resigned from thee company founded last month amid allegations of sexual misconduct against employees. >>> martin shkreli, the former farm suitcal executive who became known asas pharma bro w sentenced to seven years in prison for defrauding investors. meg terrell is athe courthouse brooklyn. >>> a federal judge has sentenced martin shkreli to seven years in prison for on his conviction of three counts of securities fraud and conspiracy to commit securities fraud. that stence will include credit for the time he has already served in prison, about si months already. he will also have to pay a o5,000 fine and be subject to three years probation after h

. >>> still ahead, cashing out steve wynn selling his entire stake in wynn resorts. a check on that stock reaction ahead. >>> and nike getting a nice pop on earnings. >>> first here's all the international markets in a correction that 10% pullback. spain, germany, uk, japan, switzerland all down more than 10% from their recent highs. woel have much more on this ob market selloff when "worldwide exchange" returns how do they find the time? with audible. audible has the world's largest selection of audiobooks. books like peak performance... and endurance. books that energize and inspire for just $14.95 a month. less than you'd pay for the hardcover. with audible, you get a credit-a-month... good for any audiobook. if you don't like, exchange it at any time. no questions asked. you can also roll your credits to the next month if you don't use them. audible members use the free mobile app... to listen anytime, anywhere. on the go... or in the car. the audible app automatically keeps your place. no bookmarks required. so you'll pick up right where you left off, even if yo

. >> i'll give you a wynn. and on that -- on the huge move to the down side i thought it created opportunity and i own the stock and selling calls against it -- i think the calls i'm seeing bought at the 185 strike in may tell me the stock is going higher. >> steve wynn is a seller. >> but there are sellers and many people lined up on the buy side i'm not too worries about it we know it will play out and i still think the sock goes higher there is a plan in place that goes out deep into 2020. that is the part that i think everybody is like -- well steve wynn is gone he was probably going to be gone at that point any way and step down so i like wynn. >> i'm just looking at a tweet from melissa lee you know melissa lee she hosts a 5:00 show. >> she does a nice job that and "power lunch." >> mr. wynn intends to sell all or a portion of the common stock controlled by him and if he elects to sell he will seek to conduct such sales in an orderly fashion. >> right which is why this stock is going higher >> i don't kno

wynn's behavior, the stock is more than 20 points off its highs. i think it is a natural takeover target for las vegas sands or mgm. it doesn't rally 10 bucks in one session for nothing. we even got a rally, oh, my god, talk about broad-based, airline stocks the airlines, something that hasn't happened for ages what ignited it, not the bad weather causing flights to be canceled right and left. traffic in february was up 3.5%, capacity increased by 1% we have been worried that the airlines would add too many new planes and get up to another ruinous price war like we're used to from this industry that's the story of what's happened so anytime we see the potential for boost in revenues without lots of new planes coming on, well, i got to tell you, that's nirvana. the strength here helped give the transports a needed boost, which is heartening, especially at a time when housing and the automakers, more on those later, are behaving particularly poorly i'm partial to southwest air, the whole airline group has gotten very cheap. even warren buffett endors

wynn is up 4% today. a decent move.aesars entertainment swinging to a fourth quarter profit results were helped by gain from the new u.s. tax law the casino operator has also benefited from the emergence of one of its biggest yunes from bankru bankruptcy >>> costco helped in part by the new tax law, but they faced increased competition from walmart and amazon it's down 1% we're just getting started on "worldwide exchange. still ahead, firing back europe and china out with warnings over a potential trade war. live reports from brussels and beijing. and caught in the cross hairs. the u.s. states that could get hit the hardest if we enter a full blown trade war that analysis mi ucongp on "worldwide exchange. but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours. ♪ everything is working, just like it should ♪ >> you can't be unilateral in these things the world -- for all the concern about the level of importing that we do, look at the exports. we are in a

wynn's wife was granted half of the ownership in his country as part of the divorce.ed in to 16 to regain control of her shares after she was voted off the border. >>> southeastern grocers who owned win dixie is filed for bankruptcy. 95 stores will be closed as the company restructures. this is southeastern's third bankruptcy filing since 2005. southeastern will continue to operate over 580 stores. >>> and our u.s. tater tot fans, 7-eleven h has a new feature i some o of its storeses. they have a tater bar, you can even top your tots with ranch dressing. anne-marie. >> some fine late night cuisine. diane king hall at the new york stock exchange. thank you so much, diane. >> thank you. >> still to come, something new for hot yoga lovers. why some classes are using infrared heat while you're doing your downward-facing dog. like an "unjection™". xeljanz xr. a once daily pill for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz xr can reduce pain, swelling and further joint damage, even without methotrexate. xeljanz xr can lower your abil

and: steve wynn has sold his shares in wynn resorts, cutting ties.ced to step down ceo last month as he fight allegations of sexual misconduct . separately, when resorts fell shares to-- sold more galaxy, giving the competing operator an estimated 5% stake in the company. paul singer has won around in his battle at telecom italia. that is as the chairman and six directors backed by bollore are quitting the board. -- promisingame more than one month of wrangling between the french billionaire. he wants to keep the company together and the new york-based hedge fund manager is pushing to break it up. deutsche bank has raised about one point billion -- 1.4 billion dollars from its asset management division as john cryan works to complete his turnaround plan. the bank sold shares at 32.5 euros each. that is a 22 point 15% stake in deed of u.s. compared to the maximum 25% shareholding that deutsche bank want to the south. the price values deep get u.s. at 6.5 billion euros and the shares trade today. its asset management ceo joins us after 9:00 a.m. dropto

the lawsuit dealt with wynn's forced redemption a mistake at a 30% discount after a an f.b.i.estigation determined okada violated anticorruption laws. toys "r" us is preparing to liquidate american operations. the retailer has failed to find a buyer or debt structuring deal -- restructuring deal. it entered bankruptcy with $5 billion in debt. weeksomes less than two after the u.k. operations were forced into administration as well. the disgraced former pharmaceutical executive is set to be sentenced today. he gained notoriety for jacking up the price of a life-saving and poured fuel on the fire with a provocative social media presence. he faces up to 15 years behind bars for securities fraud. the judge ordered him to forfeit over seven money dollars in assets.- $7 million in a reward on facebook to anyone who could steal a lock of hillary clinton's hair. head of his sentencing, one supporter argued for leniency citing his social media output as performance art. we will see you either in the museum or prisoson, whichever comes first. anchor: thank you. it is time for our press

. >>> can wynn survive without the wynn contessa brewer spoke to the new man at the helm about what heafloat we will hear what he said later this hour. you are watching "fast money." here's what else is coming up on fast. >> bitcoin had its own personal bear market this week. according to bitcoin bull tom lee it might be flashing a secret buy sign. he will explain. >>> plus, tech just hit a new high but one of the fang members is losing its bite. we will tell you which o, neand how to profit when "fast money" returns. your parents have been talking about you for years. sorry about that. they're all about me saving for a house, or starting a college fund for my son. actually, i want to know what you're thinking. have a seat. yeah. knowing that the most important goals are yours. with 15,000 financial advisors, it's a big deal. and it's how edward jones makes sense of investing. you or joints. something for your heart... but do you take something for your brain. with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplement in drug stores nat

anti-corruption laws coming up later today, contessa brewer will have an interview with wynn resort'sew ceo, matt maddox. >>> dennis muhlenberg says the company has the cash horsepower to make targeted acquisitions. he also says boeing is in talks with embriere. >>> tesla says its accounting chief left the company for personal reasons he joined tesla in 2016 after working at sun power tesla down 1.4%. >>> we're just getting started on "worldwide exchange." still ahead, we're talking trade. president trump slapping new tariffs on steel and aluminum imports with some carve-outs we have global reaction straight ahead and we're counting down to the jobs report. the key numbers to watch out for. "wlddexcng bk orwi ehae"acin a couple minutes but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours. ♪ everything is working, just like it should ♪ dawn is serving up dinner for a whole town! that table was like... so big! can one bottle of new dawn clean all the dishes? we did it! 6,000 dishes! a drop of dawn and grease is gone. h

. >>> coming up, steve wynn is cashing out, selling his entire stake in wynn resorts.y is next >>> plus continuing coverage of the global market selloff. here's a look at the s&p 500 sectors now in correction. stay tuned, you're watching "squawk box" on cnbc >>> right now it's time for the executive edge wynn resorts says founder and former ceo steve wynn sold his entire stake in the company, worth about $2.1 billion wynn resigned last month amid allegations of sexual misconduct wynn resorts also says that galaxy entertainment is buying more than 5 million shares, giving it a nearly 5% stake. that was a quick departure for a man who was a controlling shareholder for a long time. >>> when we come back, nike shares getting aop p we'll tell you why next. when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping th

. >> from some liability i'm thinking of steve wynn, who is out but a massive shareholder in wynn. >>istinction -- >> they say he may sell a lot or all of his shares, but he could certainly influence the company with the stake the size he has >> absolutely. and it's interesting, one thing i have been kind of wondering about is the stock price for tronc. you know, it's down marginally today. it was down marginally yesterday when the news came out it could be just because he owns such a large proportion of the company, but i'm curious why investors aren't selling their shares when they see news like this come out. >> the difference between him and wynn is wynn was viewed as this visionary in vegas and the creator of this -- perhaps to a greater extent to a much greater extent than this guy and his control of, you know, newspapers who are struggling regardless. >> he was not making the distinction by the allegations between employees of wynn and others as asserted here >> yeah, exactly >> leslie, thank you let's get to sue herera. let's make a right turn and go to sue herera with a news

cameron caskey and alex wynn are with me in washington live.of you, welcome to the program. >> thank you very much. >> thank you. >> so just in a nutshell, tell us how you hope this "march for our lives" builds on your activism over the last month and especially on the mass walkout that was so impressive a couple of weeks ago. >> well, the walkout was a great showing of how other students are seeking out the leadership positions into which we were thrust and it was great the see that this generation is stepping up, asking questions and leading our peers. but the march is only the beginning. the march is a visual representation of the fact that the american people are ready to not let our politicians off the hook. we have our demands. their job is to represent us. they have to. >> you know, i had said culmination and you say this is just the beginning. so that leads me into the next question, which is an obvious one because so many people -- and you know it so well, you two. you know, when certain things happen in the political space or the soci

elaine wynn is trying to have the ability to sell her shares without steve wynn's approval. some say this clears the way for the company to sell itself. julia: great work with that. the trade war with china would likely weigh on tech and industrials. we have the charts you can't miss. this is bloomberg. ♪ the anniversary of the bull market. we saw the bottom on a closing basis march 9, 2009. the ninth anniversary of the bull market. you might be surprised by the group that has done the best. consumer discretionary. it ain't tech. take is up there as well. in. looks at the groups consumer discretionary is in blue. technology is gaining. it is interesting because they had been the leader in the prior crisisrket pre-financial but you have to dig into this a little bit. discretionary,r we are not just talking stuff that you buy. netflix is the best performer in that discretionary index. ultra beauty as well. wyndham worldwide. and amazon is on that list as well. julia: tech is one of the sectors i'm looking at. what about the prospects of a trade war with china? prices. import i

galaxy steps in. 5% as steve and by wynn is selling all of his stake.rguably good news all around. it probably answers some existential questions for the company about macau. regulators were concerned over there. david: they started an investigation. you assume the licensing in macau. what about the broader prospects for increasing? jason: we don't know what galaxies plan is. it also raises the question of where does the company go from here? this was a lane wins divorce proceeding. she was really active in the creation of the resort in las vegas. she was active in the management of the company. julia: edelman people understand that. you know them both very well. david: she hired a lot of those people. she was very active in the business. be interesting to see what her role is going forward. people have stepped out financially. brand that aside from the recent turmoil is a very strong brand. one of the things that galaxy is interested in is the vip element. julia: that is very much. byron allen is the buyer. has grand ambitions for a media empire. as yo

guy: i want to mention the fact that steve wynn, is breaking related to wynn resorts, steve wynn cutting in wynn resorts to 7.8%. we are getting a further break in that relationship coming through, and we will have market reaction later on. the market is a discounting mechanism. it is hard to understand how you discount a trade war, how you price it in. do the havens have a greater premium and this process? mi buying a few more yen in the margin? when do i discount this into my portfolio? ebrahim: at this stage, the haven movements are not as obvious as we may have seen in other times, partly because one, the most obvious haven, the u.s., is intimately involved in these situations, and similarly japan, is also potentially affected from the chinese angle and through other more wide and extension of trade is desperate extensive trade issues. -- invested -- extensive trade issues. the focus is on what specific companies and countries could be affected so it is more of a micro story than macro. guy: why am i not seeing a big move in bowing this morning? can the markets not get its arms aroun

sell the mainl stake in wynn resorts. him, last month, amid all of these allegations of sexual misconduct. and it lookswn like he will be selling the remaining shares of wynn resorts. a slight decline, but of course, many of the shares in the u.s. were in the red. china has announced its first response to president trump's carrots. the minister of commerce is saying they are imposing duties on u.s. steel, aluminum, saying china will defend its interests. tom mckenzie is joining us now. wilbur ross expected a measured response, with discount as a measured response from china? you compare 3 billion to the proposed $50 billion in tariffs that trump is signing off on, it seems to be measured. the opening boat, from china, there is a lot more they can do. $3 billion on tariffs like steel and fruit and wine. pork, sofs on u.s. they can serve as own needs on that front. wine, affs on fruit and bit of a hit for california. not much of a hit to the pockets of most chinese. areas they can take a tougher line on. we heard from the u

aboutwhat about headlines steve wynn's the berkshire? -- departure?re how would the company go on? their increasing dividend to 50%. that has eased investor concerns. since the sexual harassment allegation when he stepped down, they are now recovered. down 1% since that. investors taking this in stride. also another measure, not direct correlation but i wanted to show home value of las vegas as a measure of demand. people coming to the city, the shooting was horrific, but i wouldn't count las vegas out just yet. vegas still hanging in the. hanging in there. vonnie: let's get back to markets as volatility comes back. editor for global television is joined by a key voice. >> we are joined by a very special guest. is the ceo of wells fargo asset management. nice to see you. >> thanks so much. >> we have been in a really, interesting time in global markets over the past couple months. volatility coming back into the mix. as you talk to clients and your team, what do you make of this? howard investors feeling? -- how are investors feeling? >> investors are

chris wynn, abc 7 news. >>> our wildfire risk is rising as the state's drought continues to worsen. you're looking at the latest map from the u.s. drought monitor released today. and the map of drought conditions from a year ago. look at the difference. now almost the when will state fall noose some category of drought. last year only a quarter of california did. we had so much rain that year. well something the drought is affecting is the salmon population. according to the department of fish appear wildlife, the population appears to be growing this year. but because of low levels and high water temperatures a number of younger salmon over the past couple years didn't survive. the state will be monitoring the population over the next few months of course to set fishing guidelines going forward. >>> all right let's focus on the weekend weather after a really rainy day around the bay area. with we are not done. sandhya patel is here. >>> that's right. and the weekend is not a washout. but it's coming down hard. i'm getting reports on social media of the rain falling from clearlake w

and whether there is a real economic case. >> what is elaine wynn sayings?ing she did not have a husband who did not treat her well. >> thank you for the update. >> what state you a quick check on the markets. u.s. stocks heading lower once again. major indexes off by at least 1.7%. now a 511 point drop for the doubt. see, there is buying in treasuries that is pushing down the yield to 2.8%. you have now all 30 members of the dow lower. this is bloomberg. >> this is bloomberg markets. bloombergw for the business flash. a final offer to buy pfizer's health unit. according to people -- people familiar with the matter, it could buy business up to $20 billion. a south african media company is cashing in on one of the greatest venture capital investments ever. they are selling $10.6 billion of shares of china's tencent. invested001, masters the german soccer league is getting closer to allow investors to buy majority stakes in soccer clubs. unlike most professional sports, teens are generally controlled by an association made by members rather than outsiders. >>

abc 7 news reporter chris wynn has more on the tactic investigators are using to solve this case. >> reporter: when you're on the roads anything can happen in a split second. >> especially like a speeding bullet you can't anticipate that coming towards you. whereas cars you could anticipate them swerving to the side. >> since mid-january the chp says at least 20 charter buses have been hit with bullets from either a bb gun or rifle. multiple law enforcement agencies are now on the case, including the fbi. >> they're looking at the damage on the buses and the windows and trying to identify what angle the projectile is coming from. >> major concerns over who is responsible for wreaking havoc on the freeways. >> nef damaged windows, dented the exterior ever the vehicles. >> many buses hit on the peninsula include coaches carrying apple employees. following the in initial strikes the transportation provider rerouted shuttles from 280 to 101. but the chp says the attacks haven't stopped. >> sometimes it appears that it's from a moving vehicle. and sometimes it appears that it's from a sta

alec wynn another survivor layed out a larger problems, and why students are mobilizing, we are marching because it's not just schools, it's movie theaters, it's concerts, it's nightclubs, this kindig of stuff can't just happen, you know, we are marching for our lives, we are marching for the 17 lives we've lost, we are marching for our children's lives, we are marching for our children's children and their children. so what we can do, there are several pieces of legislation that are ready to go, democrats and somend republicans have been willing, mcconnell can move any one of the bills right now. let me start by making it clear that weapons of war are not needed by civilians of any age, i have cosponsored s2095, assault weapon ban of 2017 offered by senator feinstein, dthis legislation would ban the sale of manufacturer, transport and importation of military-style assault weapons, ban any assault weapon that sets deattachable ammunition magazine and has more military characteristics and three ban magazines and other ammunition devices that hold more than 10 rounds of ammunition which al

. >> chris wynn gives us a look at the automation in action. >> coming down the aisle it's hard to miss>> i was thinking irrelevance like cleaning a floor. >> for the shoppers the reaction says it all. >> i'm in wal-mart and this thing is scanning the aisle. >> using technology to that of a self-driving vehicle they've scanned for out of stock items as well as mislabeled merchandise and incorrect prices at nearly 50 wal-mart stores across the country. the employees then stock thes shelves. >> the data we get is arming the associates. they have the information to do their jobs better. >> reporter: the robots are produced in san francisco which is currently working with three other national retailers in addition to wal-mart. >> if i can take images ever the shelves is there a way of mining the minimals to figure out the tasks? six years later we are successful. >> out of stock items are an issue for retailers since theyness out and sales. but some skmerps expressed concern about the role of automation and the possibility of jobs eliminated. >> and everything is automated service. so i don

vicky wynn with details. >> sharing survivor's story tonight. four years since she left presentation high school, star swimmer accuses female coach of the school of sexually abusing her. said the leader never called police. most tots still working on walk, grace was gliding through the water. >> mvp since she was four. >> swimming led to opportunity freshman year. >> grace was brought to presentation because amazing swimmer. >> but felt like a fish out of water. said she was emotional and lonely. started confiding in her water polo coach, jenna rowe. >> i expressed that i had a crush on her. she told me she felt the same way. at first i was like, that's not right. >> grace's best friend and teammate emily recalls what she saw. >> told me one time that jenna wanted to pick her up one night and spend all night in back seat with her. incidences where she told me she shared pictures on snapchat. i knew it was definitely not okay. >> just turned 14 or turning 14 when it started to get yucky, yeah. >> she was 24? >> uh-huh. >> but then grace said she

galaxy entertainment has agreed to buy a stake in its rival wynn resorts.axy a potential owner if wynn resorts was up for sale. wynn sold his remaining shares in the company. that's your bloomberg business flash. guy: let's talk about the markets. i have to give you some numbers in just a moment and tell you what's going on. joining us around the desk and around the world's bloomberg's cross asset reporter sarah punch at, stephen from jpmorgan. the dax is trading down by 1.8% in the ftse 100 is trading sub 7000. we futures fading a bit as work toward the start of the session. stephen, your european equities guy. what's the advice to investors? do i keep selling or start buying? stephen: it depends on your time frame. guy: between now and the end of the day? stephen: i can't make that call. guy: are you surprised to see the selling? stephen: in a way no. we were talking about the fact that when it came to the sense that everything was fine and gdp growth again and earnings growth and valuation not demanding, but at the same time you can see there's a certain

we are seeing wynn resorts shares up, and this is a long fight that we have been seeing for years nowtarted as the acrimonious falling out with steve wynn and his business partners, some more to watch here. meantime, a hawkish tweet on thursday, as mario draghi remain cautious of the inflation outlook. global economics and policy advisor kathleen hays is back with a review of the bank of japan policy decisions. tariff tensions and the possibility weighing on the boj. kathleen: i think it is a question of any big central bank, with the ecb meeting on thursday. ofy did drop their pledge up boosting bond buying, and the doves of the ecb are trying to placate the hawks. i think what has the headlines that caught the attention at the press conference, when mario draghi was asked about tray tensions on the ecb, here is what he said. >> disputes should be resolved in a multilateral framework. unilateral decisions are dangerous. certain worry a or concern about the state of international relations, because, if you put tariffs against what are your allies, one wonders who the enemies are. kath

complying with all regulations and compliying with state laws it's disappointing >> all right the wynnt comment, but dietrich says it sent him an e-mail saying the customer due u diligence procedures identified your business as a marijuana related entity that derives its income from marijuana. unfortunately, this puts your source of wealth in the marijuana field as this is being paid from business of the sale from marijuana bun interesting exception. allowing casinos to continue hosting cannabis trade conventio conventions. gu guys, that kind of money from pot is okay, i guess because kwacasinos aren't changing from. they're not handling the cash then turning it into chips and check. back to you. >> jane, the big concern is they could lose their license right? this is what worries all casino companies. >> absolutely. they are regulated in a sense as federal, financial institutions. with federal regulations becaus they're lend iing you money. they're exchanging money this puts them at risk in pot is legal at the federal level even though this is completely legal money at the state level

wynn on low 30's 33% of his stake in wynn resorts after a court battle with his wife.tcy filings show hedge funds with a stake in the weinstein company. brood awakening. any headline that references star wars is a winner for me. david: jason kelly is with us now. let's start with steve wynn. big news this morning. he is selling 33% of his company. >> at least and he may get out fully. he has filed to sell some or all of his holdings. this is tied to accusations of impropriety that were initially kicked off through his divorce settlement with his wife elaine. that snowballed a bit earlier this year. now when it really means is this company may be in play. alix: doesn't make it more likely that it is both? the macau aspect is valuable. >> this is highly valuable. largely because of the macau angle. the question now becomes does caesars take a look at it? it is up for debate who may sleep in. now of course, private equity. has playedity someone successfully, often times not so, in the casino space, through caesars specifically. what seems to be a pretty attractive asset.

that the tampa bay makes wy -- that potentially makes wynn resorts vulnerable to take over.rd will seek approval on an unprecedented 10 figure award of stock options. , musk plan is accepted could eventually bend up with -- eventually end up with more than $50 billion. the european union has given its bayer's deal with monsanto. that is your business flash update. vonnie: still ahead, facebook the kleins continue to pressure the markets, especially the nasdaq 100. at the a deeper look trade on this bearish chart next. this is bloomberg. ♪ ♪ watching "bloomberg markets." today we are taking a look at the nasdaq 100. here is the intraday chart. we see earlier today, down the fact thatte facebook is down for a third day in a row, shedding more than 10%. an important question is whether or not the overhang of uncertainty facing the social media giant spreads to the trade as a whole or even tech more broadly. let's look first at the technicals on the thing trade -- on the fang. this is a one-year chart of the merrill lynch index. there is a beautiful uptrend, but this index has h

is ahead and an exclusive with the wynn new ceo moments away "power lun

. >> reporter: john good wynn is the senior public information officer for the bay area toll authority which oversees the funds for roads and bridges. >> what are you doing to not bill people by mistake? >> over time we get better equipment so that the equipment that's being used now on the 680 contra costa express lanes for instance, is more robust and that was installed on 580 two years ago. >> reporter: so the technology is getting better. >> always. >> reporter: he says once an error has been identified it gets flagged and goes to a human for review to reduce incorrect billing. still, our calculations show about 5% of the violations issued for the express lanes on 680 between walnut creek and san ramon were wrong and more than 8% of the violations issued on 680 between pleasanton and milpitas it is as well as 580 between livermore and dublin are also wrong. >> the contractual target for the cameras in place is 8%. >> reporter: would it be fair to say you're falling short of that? >> i don't believe we are. >> reporter: he says the contract requires an accuracy rate of 98% for all t

in san jose, chris wynn, abc 7 news. >>> a crash took the life of a man from walnut creek. chp was called to the scene at the off ramp from highway 94. a black honda civic ran off the road. the driver was crushed. >> might have been taken off guard by the first initial rainfall and now it's light and sporadic, so people are driving fast again. it's just as slick when it's lightly raining as when it's heavily raining. slow down in the rain. >> at the time of the crash, it was rainin and the freeway was wet. chp had to close the off ramp for a short time to move the car. >>> new at 5:00, incredible video of a fire that broke out 90 minutes ago at an oakland homeless camp. it was reported around 3:30 at 34th. fire officials say no one was hurt. the cause is still under investigation. meantime, fire officials say a women was injured after a small explosion and fire at a berkeley apartment building today. it happened about 1:30. firefighters quickly put it out. they did find a woman who needed to be taken to the hospital. the cause of the explosion and fire are still under inves

. >> reporter: cindy wynne's 31-year-old son drew was the youngest of her three sons.eneur with a cold brew coffee business in charleston, south carolina. in october, he was resurfacing the floor of this walk-in refrigerator, using a paint stripper goof-off, manufactured by company wm barr. that's where his business partner found him, then called his brother clayton. >> said, he's gone. he's gone. screamed over and over again. that's a phone call i'll never forget. >> reporter: the death certificate said he was overcome by chemicals in the paint stripper. chiefly highly toxic methylene chloride. it's deadly but found in stripping products on store shelves across the country. something drew's brother brian quickly learned. >> i was shocked. i mean, how is it you can find something that will kill you instantly and buy it, just off the shelf? >> reporter: it's the question we discovered another family had asked some 20 years ago. >> this here was the product that brian used. >> reporter: that's video of pennsylvania's wayne steiner, holding the can of paint stripper that

prior to her conversation, she was the chairman of the wynn quest group, enterprise and investment management firm. in addition to leadership in the education arena, she's also served on the boards of numerous national and local charitable organizations like the kennedy center for performing arts, kids hope usa, art prize, morris hill bible church, and kendal college of art and design. she's a graduate of calvin college from grand rapids, michigan earning an masters of art degree. she's married to dick devos and have four children and six grandchildren. please join me in welcoming our secretary of education, betsy devos. [ applause ] >> thank you so much for the kind introduction, and the last line about my six grandchildren, and as of tomorrow, i hope to have seven as my daughter is a week overdue with her second little girl, and will be induced tomorrow. i'm looking forward to that. thanks. i want to thank each of the chiefs and your teams for everything you do to ensure the students you serve are well-prepared for successful careers and fulfilling lives. i also thank you for partnership ov

course is the latest company to add its name to a long list of corporate scandals from wells fargo, wynn resorts, companies have been may have beening badly. at what cost is corporate mistrust hurting investors? we have an author who wrote about it in barren's. he's here to talk with us about it tonight. it is a confidence game this many cases becsese t companies in many cases rely on customers.ence of if they don't have that confidence they are going to flee and the goe to stock price, right? >> that's right. ert that. in the case of facebook it has been very painful for shareholders. you may notice that market cap was down $95 billion when it checked it today and it hit a low today. that's pretty painful in the sht term. in the long term there is loss of trust. and i think that wells fargo is a pretty good champl of that in that their problem began in 2015 if you remember with bogus ercounts and such. and there were o issues as well since then. you look at wells f might add had a pristineoi reputation through the 2008 financial crisis with an untarnished reputaon. since then their earn

but when he listed his business in an application for a loyal t card at wynn, he was not only turnedown, but b banned r life. >> we asked to be treated the same as every oer business. >> reporter: but marijuana is not like every other business, because it remains illeg in the eyes of the federal government. casinos have to abide by federal law, or they could lose their licenses. the casinos have to be extra vigilant against money laundering, if it involves money that is legal in the eyes of th state. one ceo of a very successful positive enterprise told me off-camera that since no bank will take hiscash, he brings it to vegas. he goes to the cinino, turns it chips, gambles with a little of it, and then eventually casheshose chipsn for a check that he can deposit into the bank account. no onenows how much of that is going on or exactly how to stop it. >> i think theve operaerm is reasonableness. they have toct reasonable due diligence to follow up on any suspicions that they might have. there isn't an organized effort by the cannabis industr to go to a casino and do that. >> reporter:

wynn boosted revenue by 50% which means an extra $12 million for wynn.ld not after allegations that he pressured employees for sex. francine: as tensions over the whiteil over in house the european union is setting up options for retaliation. ongeting 2.8 billion euros u.s. goods including motorcycles and u.s. whiskey. here's the french deputy finance minister joining me. thank you, deputy minister, for joining us. what can europe actually do? no winners in the trade war. long-term, everyone will lose. europe due to can defend themselves? delphine: we have to discuss. the european commission has proposed concrete steps. we are ready to discuss them. when you look at the european central bank and italian elections where do you see the main concern for france? delphine: i think the main concern for france at the moment is the trade war issue. it withoing to address our partners in europe. role can france play in all of this? do the italian elections and the upheaval in germany, taking so long to find a government, make france one of the strongest countries

. >> a lot at stake for canada thanks >>> we have a news alert on wynn resorts.s right, michelle. two out of nine directors plan to leave the wynn board monday on that same day, alvin would not stand for re-election, but serving the remainder of the term this comes as the board was subject for several shareholder lawsuits against the board's overfailure to address sexual harassment allegations against their founder, steve wynn, who has, of course, subsequently resigned shares looking about a third percent higher in after market trading. back over to you >> all right, leslie, thank you. >>> we are just past 4:30 on the east coast here, and stocks finished well off the lows today with the dow down 82 points, had been down 350, the other big story, if you didn't hear, the weather, here's the weather channel's alex wallace >> another winter storm to deal with across the northeast, dumping snow closer to the coast than the previous one did, a number of areas under winter weather alerts, warnings, in fact, in the cities from new york, phillie, boston, sliding up portla

and steve wynn has sold about a third of his stake in wynn resorts for about $180 a share he now owns about 8% of the casino operator that he founded. shares of wynn resorts down more than 2% in today's big selloff and down 6% for the week >> we begin as we often do in washington where president trump just signed new tariffs on china aimed at theft of intellectual property kayla tausche is live at the white house. >> reporter: it is the president's widest ranging trade action yet targeting some 1300 product lines currently being imported from china. the u.s. trade representative has initiated a report that it says the economic harm to the u.s. of unfair trade practices on intellectual property is in the range of $50 billion so it plans to try to recoup some of that cost with these tariffs. the president speaking just a few moments ago said his estimates were higher. >> in particular with china, we'll be doing a section 301 trade action it could be about $60 billion. but that is really just a fraction of what we're talking about. >> reporter: here is how the process will roll out. the