shares of wynn under pressure fighting back against elaine wynn, the ex-wife of the founder steve wynn for more, contessa is tracking the details. >> hi. melissa, a war of the wynns. wynn resorts whipped out a new weapon against elaine wynn in the battle for the board recently launched and initiative called restore wynn, overhauled the board beginning with booting one responded questioning elaine's motives as a director who was an integral part of the old wynn an extended period of time it's difficult to see how she will be helpful in driving our evolution. of course, the majority of the board is part of old wynn, as is general counsel kim sinatra and current ceo matt maddox, with the company since the beginning. the board went on to publicize letters to and from elaine wynn. she was trying to meet with the three women newly appointed to the board. board only wants a meeting with all directors and only after the shareholder meeting next wednesday will notably chairman boone reads rights to elaine we expect the discussions at the meeting would not be made public quote/unquote. elaine wy

. >>> later, elaine wynn to the rescue. fighting for control of the company and it is -- and it's sending the stocks back to all-time highs. we're live from new york city. much more "fast money" right after this. for the sales team, it and the warehouse crew. give us the data we need. in one place, anywhere we need it. help us do our jobs better. with domo we can run this place together. well that's that's your job i guess. ♪ i am an independent financial advisor. i left a traditional brokerage firm because i wanted to be free of their constraints. at my firm, i act in the best interests of my clients. i can tell them i'm supported by one of the world's strongest, most admired financial firms. fewer constraints, the freedom to do what's best for my clients. that's why i'm independent. charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com no one thought much of itm at all.l people said it just made a mess until exxonmobil scientists put

she's gratified by the investors response to her and restore wynn initiative she was glad to hear that maddox says that boston harbor is not for sale they are also now one of the lead plaintiffs along with new york city pension funds in a shareholders lawsuit against wynn resorts >> what are the damages? >> the share price as are backup to where it was in january >> there has been losses and in other words, you could have had better gains >> reporter: and another shareholder asked maddox how wynn will benefit on sports gambling he was measured in his response. they would take away approach and monitor the progress state by state but especially in massachusetts is where it might matter he was firm in his instance, it would have no negative impact on las vegas. people come here to party and not to put a bet on a game guys >> all right, contessa, thank you, in las vegas. maybe they don't go to wynn to bet on a game because they don't have a book. >> the other side of that coin would be that all of a sudden, you have 50 states that you can open a sports book in. if i look at the space prob

big wynn story today >> dow up almost 11 points here.s back after this ♪ approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in out-of-pocket medical costs. you've learned that taking informed steps along the way really makes a difference later. that's what it means to go long™. call now and request this free decision guide. it's full of information on medicare and the range of aarp medicare supplement plans to choose from based on your needs and budget. all plans like these let you choose any doctor or hospital that accepts medicare patients, and there are no network restrictions. unitedheal

contessa brewer has this. >> in the war of the wynns, elaine wynn versus wynn resorts, elaine wynn tohe board's chairman after the chairman and the board released a slue of back and forth letters, made them public over elaine wynn trying to meet with the three new directors newly appointed. here is elaine wynn's latest weather. your rejection of my perfectly reasonable request starts with the fiction that good governance requires that i meet with the entire board and the ceo at the same time. she only wanted to meet with the three women. you then use that as the basis for saying such a meeting could take place only after the annual meeting. that's on wednesday. another fiction because it's clear the entire board will be in town the night before the meeting. there's this tug of war going on, especially over legacy director appointed directly by steve wynn and has no business being on the board, much less on the commission investigating the misconduct allegations she's trying to get shareholders to side with her and not re-elect him the shareholder meeting is on wednesday and there's a

right after steve wynn, the ceo of wynn resorts was accused of disturbing behavior. lot of sexual misconduct allegations. remember, because it will be important in the narrative i'm about to give you. the problem is the market peaked at the end of january. mgm got stuck with other stocks. the stock bounced in february but it contained one thing the margin guidance was light which management blamed on a tough convention in las vegas and continued disruption at the monte carlo. the stock meandered sideways by april we heard mgm was looking into buying either wynn resorts as the stock was pulverized without steve wynn at the helm he may be a flawed human being but he was a great businessman or they wanted to buy the boston harbor casino project which looks good when the chatter was all of wynn resorts being bought mgm got hit. then it bounced a bit. acquiring wynn would be a headache and expensive snapping up another regional property from a motivated seller would be more straightforward, like the washington, d.c. property there would be difficulties. by last wednesday

. >>> first the latest battle between wynn resorts board and elaine wynn. we'll be right back. e our own. as investment management professionals, let's measure up. cfa institute. feel that? that's the beat of global markets, the rhythm of the world. but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. >>> it's time for your business of the week. annie more howser heard one too many times that someone's mother loved her glass wear of the it should have been a implement but she took it as an indication she needed to modernize her brand. see what annie did to change her products to reach melanias -- mens ♪ cfa charterholders have proven themselves by passing one of the most rigorous exams in the world. demand the best. demand a cfa charterholder. cfa institute. let's measure up. >>> war of words between elaine wynn and the wynn resorts today. contressa brewer is following the drama. >> never ending drama

. >>> and elaine wynn is suing wynn resorts will wynn versus wynn be a lose/lose situation for shared centers that situation is getting you willyier much more ahead on "power lunch. the digital divide is splitting this country. we have parents who are trying to get their kids off of too much social media and computers, and then we have parents who would only hope their children have access. middle school is a really key transition point, right. the stakes start changing. students begin to really start thinking about their futures. what i like about verizon's approach is that it's not limited to just giving kids new tools, it's really about empowering educators to teach in different ways, and exposing kids to more active forms of learning. giving technology is not a total solution. teaching technology, now that is. one second. barely enough time for this man to take a bite of turkey. but for cyber criminals it's plenty of time to launch thousands of attacks. luckily security analysts and watson are on his side. spotting threats faster and protecting his data with the most securely enc

haslinda: but in terms of wynn, do you see any eventualities -- would it make sense for wynn to be boughtlawrence: again, i think wynn is a big company. i think there has been a lot of changes at their board level. they still have issues to resolve, but i think everybody in this industry is keeping a close eye on it to see what develops. haslinda: you make clear that you are interested in the japanese market, a casino there. given the scandals playing out and abe's situation right now, do you think the bidding process will get derailed? lawrence: i think last week was a big moment in the ir legislation process in japan because the parties, the cabinet agreed to submit the bill to the dais. it will go there eventually. with japan, there is always a lot of -- i have been lobbying there for over 12 years. i'm very respectful of the process they want to take. we will be very interested. like i said, i just came from japan yesterday. we have the mosti told the people if ito years, five years, 10 years from now, i will be there. maybe not all the other companies, but we will be there because we

this is made up of people close to steve wynn.lem moving forward >> i think that in any company where you've had an iconic founder who has actually created the las vegas of today, you know, he's somebody that everybody admires and learns from and, you know, he was a large figure and touched everybody in the industry so i think that there's probably a pretty large circle of people that have been influenced by him. >> what do you think of matt maddox and his ability to step into the ceo shoes >> what i think is remarkable is how smooth the succession has been the company hasn't missed a beat his leadership team is very cohesive amazing clarity of vision and priorities on moving forward the business, achieving great financial performance, expanding in boston, and looking for other major opportunities. >> i also talked to pat milroy now they've lost hoggenbuck who was part of the committee. it will continue with two people they will finish the work. it will be in sync with massachusetts investigation as well and as for the shareholder

. >>> and why steve wynn may want to stay away from his own picassos for now.st, here's a look at today's forecast. >>> "world news now" weather, sponsored by my pillow. sponsored by my pillow. "world news now" weather, sponsored by my pill/. well, here's to first dates! you look amazing. and you look amazingly comfortable. when your v-neck looks more like a u-neck... that's when you know, it's half-washed. add downy to keep your collars from stretching. unlike detergent alone, downy conditions to smooth and strengthen fibers. so, next time don't half-wash it. downy and it's done. ♪ cleaning floors with a mop and bucket is a hassle, meaning you probably don't clean as often as you'd like. for a quick and convenient clean, try swiffer wetjet. there's no heavy bucket, or mop to wring out, because the absorb and lock technology traps dirt and liquid inside the pad. it's safe to use on all finished surfaces tile, laminate and hardwood. and it prevents streaks and hazing better than a micro fiber strip mop, giving you a thorough clean the first time. for a convenien

the original place to invest online. >>> shares of wynn resorts at its highest level in nearly fourse board to shareholders restating their intent to remake the company while calling into question the withhold the vote campaign the next guest sat down with a rare interview with the queen of las vegas. joining us, "new york times" columnist jim stewart. >> hi. >> fascinating that she spoke to you. >> yes >> what did you learn about what she wants to do here >> the main thing i would say is don't underestimate her. she's not just another, you know, disgruntled wife, although the company has tried to portray her that she was involved every step of the way in the building of these companies with her husband steve wynn, first founding mirage, then wynn resorts, really remaking las vegas into the much more upscale, broad-based entertainment capital that it is today. she's not going off into the sunset she now has 9% of the shares in the company worth about $2 billion. >> biggest shareholder >> her husband head had to sell it all after the harassment scandal. she told me, i'm a grandmother

in santa clara, chris wynn, abc 7. >>> safety in the skies the. the stairy moments at sfo. somebody pointed a laser at a united airport arriving flate. you'll hear from the pilot in action. >>> chf. a copilot sucked out of a brekeen window. passengers braced for the worst. >>> scale of abuse. for the first time facebook reveals how much offensive content is posted on the social network. >>> i'm molestation sandhya patel. heading into another day of below average ♪ ♪ legendary jockey vÍctor espinoza is insatiable when it comes to competing. ♪ ♪ so is his horse. ♪ ♪ when it comes to snacking. ♪ ♪ ♪ ♪ that's why he uses the chase mobile app, to pay practically anyone, at any bank. life, lived victor's way. chase. make more of what's yours. it's "watch what you want on the fastest internet" streaming. it's "live sports so you never miss a goal" streaming. it's "dvr shows because you'll never know when you'll need it" streaming. it's streaming from xfinity that makes your life... simple. easy. awesome. get started with xfinity internet for $40 a month for 2 full years when you s

. >>> it's wynn versus wynn.r etg.icking off his shehdemein >>> dow is up 32 >>> tesla trying to snap a four-day losing streak approaching a key technical level. find out more about what to do, tradingnation.cnbc.com more "squawk on the street" after this welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com . >>> taking a look at stocks, the dow is up 42 points. this after yesterday when the dow broke its eight-day winning streak with a decline we're keeping an eye on rates here because the 10-year treasury yield is above that 3% level. that was part of what spooked investors yesterday. you do see some of the groups that are very sensitive still under pressure and that includes utilities and real estate. difference today is you have a big rally off the macy's number and also the macy's effect with nike leading the dow. >> yeah. 308 now on the 10-year yield you saw what happened with mortgage apps i

founder steve wynn, sending the stock on a roller coaster ride.s are high for corporations failing to root out sexual harassment. so they've turned in droves to private investigators. >> an ounce of prevention really is worth a pound of cure here, because the cost both in terms of potential drop in stock price, legal and pr costs, possibility of the regulators getting involved, they're enormous compared with the relatively modest expenditure in hiring folks like us in order to rule out this behavior. >> reporter: a private investigator for 25 years, he says he's seen about 35% more client calls related to sexual misconduct over the last six months. >> i have never seen a societal phenomenon that has had an e me too post weinstein world. >> reporter: firms are looking for help in due diligence. he's also looking into the background of potential board members. and some clients are seeking possibly predatory behavior in competitors, a move that one of his clients calls weapons feminism. he often gets work through lawyers, who recently sought help cle

decision excludeing now steve wynn, the founder and former ceo of wynn resorts, as a qualifier for theaming license in boston they say that wynn resorts has substantially shown evidence that the relationship has been terminated in a meaningful way, and that as long as steve wynn does not vote his shares, he no longer owns them, but by the rules, he could vote them at the shareholder meetings next week, as long as that does not happen, he's excluded as a qualifier, step one in keeping the gaming license for wynn resorts it does not let the company off the hook entirely. the questions about whether the board acted appropriately in applying for the gaming license still at stake, and, of course, there are issues that come up in the shareholder meeting next week about who is on that board. kelly, back to you >> yeah. that overhang may explain there's not a reaction in the shares still, thank you very much the latest there on wip. now, next guest says despite volatility, investors are buying netflix and at&t >> with the latest investment, our chief strategist, jj kinahan. >> there's interest

in santa cruz, chris wynn, abc 7 news. >>> new at 5:00, the suspect in a car crash that killed three people on interstate 80 in fremont this week is released from the alameda county jail tonight. abc 7 news anchor eric thomas is live at the jail to explain why. eric. >> reporter: well, dan and in california prosecutors have 48 hours to file charges against a suspect. after he or she is arrested. and the d.a. office says at this point they don't have enough evidence that is why dang tran will be let out of the jail later on tonight. it is also why prosecutors have ordered the chp to continue their investigation. 21-year-old dang tran was booked into santa rita jail accused of driving too fast and under the influence of marijuana when he caused this crash on 880 near stephenson boulevard. a family consisting of a man woman and six daughters were in the suv that rolled over several times. 39-year-old knowle johnson, 14-year-old kristy limb as and her sister brook were killed. they were heddell hole to manteca offer celebrating another birthday in the bay area. tran's family show up yest

abc 7 news reporter chris wynn live with the latest. chris. >> reporter: the chp believes the person responsible for the crash may have been under the influence of marijuana. behind me is where the crash happened. you can see that the scene is now clear. the road is back open. but many people are wondering if this tragedy could have been prevented. overnight, this video shows the devastation after a five-vehicle crash left three people dead. after notifying next of kin, the alameda county coroner bureau identified the victims as knowle johnson 39, kristy lichlt ma. 14 and brook linas 13. the three effected from the cadillac on interstate 880 north on stephenson boulevard. five others were inside the vehicle including four juveniles injured and taken to the hop. chp investigators believed this man 21-year-old of san jose was responsible and driving under the influence of marijuana. witnesses say tran was speeding and driving his toyota camry erratically before the crash zpla the investigation, determined that offense under the influence

pete does. >> elaine wynn was making a lot of trouble for these guys.much so that i think they closed down the meeting. because of noise, fears of people jumping up and making trouble. anyway, i think it's probably good that -- >> like jumping on the table what do you mean jumping up to make noise there was a lot of noise outside. >> a lot of noise. >> shut down the meeting >> someone might jump on the tables >> i didn't mean they're going to jump up and down on the table. i meant they were going to make a lot of noise in the board meeting because she had wanted people to withhold their votes >> i am glad you clarified that gives nee the information i'm looking for. >> just ask leslie they closed the meeting. anyway >> let's move on >> agilent is falling. the s&p's biggest laggard today because of weak guidance down 8.5%. >> it's not an expensive stock today, it got even cheaper i just feel like given what's going on in the xlk, given the leadership of the technology group, this is like not the right pond to fish in. there are companies in better spaces

. >> beginning with chris wynn live in fremont with the latest on the investigation. chris. >> reporter: kristen, the chp says that they believe the person responsible for the crash may have been under the influence of -- may have been under the influence of marijuana. he is currently being held at the santa rita jail and expected to make his first court appearance tomorrow. this afternoon, minimal signs of a tragedy that occurred overnight. >> driving under the influence of marijuana just as bad as driving under the influence of alcohol. >> but this video shows the devastation after a five-vehicle crash shut down 880 north of fremont for several hours. chp investigators believe this man, 21-year-old dang tran of san jose was responsible >> based on the officers training and experience and investigation they determined that he was under the influence of marijuana. >> witnesses say tran was speeding and driving his toyota camry erratically before the collision which left three people dead. the alameda county earn coroner identified the victims as knowle johnson, 39, kr

in san lorenzo chris wynn, abc 7 news. >> embaeltsed judge aaron persky is breaking silence finally, four weeks before the voters decide whether to recall him from the bench. persky has been widely criticized for giving a six-month sentence to a formerstoneford student convicted of sexual assault. abc 7 news reporter david louie. >> judge persky has been silent for two careers and he says he was surprised by the black after he sentenced brock turner to six months for sexual assault. this is turner leaving the jail after three months. critics said the sentence was too lenient why speak up now. >> i think judges should zip it and take the heat and criticism. it's only when you get to a point where there is a very real chance that the recall will be successful -- it gets serious for me. >> friends and supporters of the victim in the turn he case collected petitions to recall persky. the election is four weeks away. persky says if he is recalled it might underthe public's confidence whether the judges make tough calls. >> it's whether the public believes that a given judge is willing to

as chris wynn explains, this lawsuit could potentially delay the project. >> reporter: as the sharks continue the hunt for the stanley cup, the parent company sharks sports and entertainment is now involved in a different fight. a new lawsuit against the vta funding the construction and operation of the bart extension in san jose. sse says it supports the project but doesn't think the current plan addresses issues surrounding the arena including a promise to ensure acted parking and safe a and accessible environment for visitor during construction. the coprept john tor tors says we have been pushing for vta to work with us without success we didn't take the decision lightly. the vta told us it wouldn't comment on pending litigation. but the san jose downtown association says the lawsuit and push to preserving parking makes sense. >> this is the one of the high et performing sports and entertainment arenas in the country. we have to have a new arena opening up in san francisco that's going to put us on the edge we have to stay competitive. >> the diridon b.a.r.t. station will be built

wynn shares plummeted today, and when they were responding to sports gaming, they said that they arehether sports gambling is legal, will be up to the massachusetts gaming commission, and they are looking forward to working with that commission, guys >> i also wondered, contessa, changing the board, wynn is, does that have anything to do with the selloff >> reporter: it's big news, just got it in from the legacy director, who is the subject of so much controversy in this activist fight between elaine wynn and wynn resorts has now withdrawn the candidacy to stand for re-election, and robert jay miller resigned from the board we also just got a note here from the controllers office in new york city urging shareholders not only to withhold votes from john, but also from papatricia, only woman on the board, and she was heading up the company's investigation into the sexual harassment allegations against steve wynn this is big news we'll get impact and fallout from that coming up. >> if i see a third iphone in the mix, two iphone stories are crazy enough - >> wait, did you see that? wait

chris wynn abc 7. >>> it's the only place to watch the nab finals presented by youtube tv. tomorrow coverage at 5:00 with the dubs on 7 pregame brought to you by comcast business. nba count downtakes over at 5:30. tip off at 6:00. stay with us for toyota after the game. jimmy kimmel live aires at 10:00 p.m. and abc 7 news at 10:30. a big night tomorrow. and it will like that the entire finals right here on abc 7. >>> well moving on b.a.r.t. is taking new steps to make sure urgent cleaning egg needs are taken care of on trains. abc 7 news was at mcarthur station where a dedicated cleaning time is positioned there have been recent complaints of needles and other issues in train hallways we have reported on this a number of times. b.a.r.t. case says the clean team with clean messes from cars as the rts reports come in. the team will be stationed at lake merit. all five of the system lines go through either lake merit or mcarthur station. that's why they're stregically placed there. >>> a big reversal for consumer reports. it's now recommending the tesla model 3. >> it is a sea

. >> abc 7 news reporter chris wynn live at the santa carr hall of justice with the story. chris. >> reporter: against the advice of her own attorney reuben foster's ex-girlfriend took the stand saying she made the story up because she wanted to get back at him for breg up with her. she also knitted in court today that this was not the first time she falsely accused someone of domestic violence. the ex-girlfriend of 49ers linebacker ruber foster calmly walked out of the santa clara hall of justice but inside the courtroom alyssa ennis breck down in tears multiple time throughout the testimony in which she admitted to falsely accusing foster of cosmetic violence for punish him for dumping her. on the stand ennis said i was pissed and wanted to end him. legal analyst stephen clark says the testimony seemed to be credible. >> it came off raw, organic and she broke down on the stand and apologized. >> on february 11th. sheriff's deputies were called out to the los gatos home after searching three 911 calls from ennis who says she was punched one time by foft err. while she was

chris wynn was at the news conference today when the video was release. >>> san francisco's police unionas a leader, aew person n who reflects the diversity of the city. 50-year-old tony mon toya say vet ran cop with the san francisco police department who moves up from vice president of the police officers association to assume the top position now. vick lee with an interview you'll see only on 7. >> reporter: sergeant tony montoya has been a cop in san francisco for 24 years. he last worked out of mission station. he was on the executive board of the police officers association for a decade and a half. now, he's president of the poa. montoya is latino and he's openly gay. >> i am the first gay person to be appointed to head of the association. >>orep r mr:teyaon gay, proud t >> we have a large lesbian, gay, buy sexual transgender presence on the police force and it's also reflective for what the city represents. >> reporter: he takes over the leadership of the police union who will return to full time police work. >> he's a tough act to follow. i want to make sure there's not a break i

chris wynn says the suspect slipped out of cuffs and tried to drive off in a deputies car.he hit one deputy and shot by the other. she is still hospitalized. >>> president trump is ramping up attacks on the justice department as his allies department the department turn over information about a possible intelligence source with links to the russia investigation. abc news reporter articlette signs has more. >> president trump is latching onto to unfounded they are that fbi informant work on his campaign. he says reports are there was at least one fbi representative implanted for political purposes into my campaign for president. it took place early on long before the phoney russia hoax became a hot fake news story. if true all-time biggest political scandal. that theory surfaced in a recent column for the national review. the president tweeting, if so this is bigger than watergate. >> i haven't spoken with him directly about that but certainly seen the reports. and if there is any truth to that it should be looked into it. >> on cnn, the president's own attorney suggested if

abc 7 reporter chris wynn explaining where the case goes from here. >> reporter: took the stand today hez preliminary hearing breaking down in tears multiple times throughout her two hof hour testimony. she had admitted to falsely accusing foster of domestic violence because she wanted to get back at him for breaking up with her. on the stand she said i was pissed and i wanted to end it with him. >> this is obviously a person that is very troubled, has a lot of issues, and that played out today in this courtroom and it was very painful to watch. >> reporter: on february 11th sheriff's deputies were called out to his home after receiving three 911 calls from ennis who said foster punched her ten times rupturing one of her eardrums. while testifying she made the whole story up she said and was actually injured the night before following a road rage incident in san francisco. >> it came off raw and organic on the stand. >> reporter: she also testified she tried to bring domestic violence charges against another man in 2011 when that man tried to break up with her. addressing her initial

this is not the first time that steve wynn had a painting damage.first time he backed into his own painting and ripped it. you go to a major auction house and go to the dry cleaners and the have a smudge in your seat. alix: someone is going to get sued for that. jason: it's also a key moment in the art market with the rockefeller selling. david: that's a tough business. you have sotheby's and christie's really fighting it out with each other. it doesn't help the auction house. alix: sotheby's, christie's, and now steve wynn. david: many thanks to jason kelly. ceo sergioer marchionne is making some sweeping changes on production. more on what i'm watching next. it's of course cars. alix: i'm watching oil. if you up tv , watch is online and clicked on our charts and graphics. go to tv on your terminal and scroll through. this is bloomberg. ♪ david: ok, surprise, surprise. i'm watching cars and trucks. fiat ceo sergio marchionne, who is retiring this year, has made a big announcement today. basically fiat is largely going to go out of the smal

chris wynn, abc 7 news. >> meantime the trump administration is ending a project that measures greenhouseases. the $10 mill wherein a year program led by nasa uses satellite and aircraft instruments to monitor methane and carbon dioxide emissions. it's been critical to help scientists measure and analyze global pollution. critics say without this information it will be harder to create policies that limit climate change and its effects. >>> we're hearing for the first time from a passenger on that southwest flight. she was sitting two seats away from the woman that was nearly sucked out of the plane. >> reporter: passengers on that southwest plane were just 20 minutes into their flight when shrapnel from a broken engine blasts through a window. >> and almost immediately i felt the are rush of wind. >> reporter: passenger jennifer riordan was being sucked from her window seat. macky two seats away. >> what did you see? >> the bottom part of her rib cage was out the window and i had leaned over to pull jennifer in. >> reporter: between the two women a young teenage girl. >> she tried to pul

chris wynn, abc 7 news. >> oakland detained several suspects let today after a short pursuit. officers saw a car that reportedly involved in a robbery. when they tried to pull it over, the driver took off. initial reports said there were five to six people montana car. police caught up in oakland and detained the group. this happened during the evening commute and as you might expect, there was a significant backup. >> students in an east bay high school have started a petition and plan to protest as well after the district decided to transfer one of their teachers to another high school. many students believe the video prompted that transfer of tyler rust. the video shows him kneeling while the american flag is being raised on campus. abc 7 reporter laura anthony has more from brentwood. >> reporter: he's a teacher from heritage high captured on video kneeling as several of the students rotc raised the campus flag. now that teacher is being transferred from heritage to another school in brentwood. and some students have started an online petition in protest. >> obviously he w

wynn is a pretty big company. management has been a good job as terms -- in terms of crisis management. again, they are a formidable competitor. what really focus on is how can we continue to be competitive and beat them. in a think this year is a special year for us because we are live -- we are relaunching city of dreams. and we have the morpheus tower which is one of the last buildings ever designed by the late architect. that is due to open very soon. we have great product and experiences prepared for our customers. rishaad: lawrence ho there talking to us. let's have a look at what's been happening with these casinos in light of this. gains right across the board. macau rising just over 5% in the hong kong premarket. rose is some 27.6% from a year ago. look at the futures there. showing a decline. ♪ ♪ that is a view of victoria harbour in the foreground. let's take a look at what is going on in the asian market. a mixed session out there. perhaps because we inherited one as the u.s. as they had a very mixed p

the effort -- wynn says they should be removed as the company tries to change out their culture. actually part of the old guard. >> she's not only the largest shareholder, she owns about 10% of the company so you're not talking about a one or two or three percent owner in this situation. >> she sat down with jim stewart in "the new york times" in vegas and goes through a whole litany of things wrong with the company and why she's doing what she's doing. >> and it didn't stay in vegas >> it did not stay in vegas. it's worth a read because it gets right to the issue of what this whole fight is about. >> and to wrap this up, wynn's former ceo steve wynn shares something in common with ceos who received top pay in 2017 many of them are gone off the job. a study shows of last year's 20 highest paid ceos, 8 are no longer in the role that does include csx's hunter harrison who passedaway. while the others departed because of deteriorating financial performance or other issues martin one of those? sorrell? >> wpp >> i don't know. we said probably not or is it >> he was definitely one of

in san francisco, chris wynn, abc 7 news. >>> well get ready for a lyft ride without the driver. . the pilot projects approved today. >> no more long lines the new change helping to shorten the wait at the dmv believe it or not plus -- >>> and so i think there is an app for it. >> from augmented reality from to virtuial reality, the future of technology and it's happ i support the affordable care act, and voted against all trump's attempts to repeal it. but we need to do more. i believe in universal health care. in a public health option to compete with private insurance companies. and expanding medicare to everyone over 55. and i believe medicare must be empowered to negotiate the price of drugs. california values senator dianne feinstein >>> some dmv offices will be open every other saturday in june to ease intense crowding brought on by a crush of people applying for real passes, the offices will be open june 16th and june 23rd from 8:00 a.m. until 1:00 p.m. for those people wanting real ids beginning in these offices. they'll open the first and third saturdays of the month. dri

on, wynn calls are being very active. >> we don't talk about it, you do. >> giddy-up.'m looking at got a smirk out of you on that. >> i'm going to stick with wendy's, wen, guying it today because of unusual activity. >> buying the options? >> yes, sir, wen. >> okay. >> qualcomm. this is not a riskless call, but long qualcomm you have wilbur ross going to china over the weekend. there's a quid pro quo, zte gets to survive there is some risk but that's the outcome i see happening. >> haven't you been in this stock for a while? >> and i want to point out today's price action with the tariffs going on and the prognostication that there is a trade war with china, the stock should be down it's not down that much, i think that bodes well for it. >> alphabet looks like it's picking up momentum to the upsid upside. >> thanks for watching, "power lunch" begins right now. >>> good afternoon, scott thank you very much. i'm tyler mathisen welcome to a busy edition of "power lunch." >>> president trump slapping major tariffs on mexico, canada, and europe he says it's good for americ

. >>> more bad luck for casino mogul steve wynn paintings.t but christie's pulled it after it got damaged. they won't say how the $70 million artwork was damaged. in 2006 wynn accidentally hit another picasso painting with his elbow leaving a hole in it. it had to be restored and it did eventually sell for $155 million. >>> i want to take you back live to sky 7 over the scene of our major traffic headache here this morning in oakland. this is southbound 880, not too far from broadway, between oak street and broadway. i want to see if they have all lanes cleared now. it actually looks like we are fully back open. we have the roadway fully blocked for a short time today, then three lanes down and we've been operating with a couple lanes blocked here for about 45 minutes. looks lik we are clear, we watched them haul the big rig away. now we're looking at a pretty hefty backup as you leave the maze. it's about two miles in length, but about 45 minutes timewise. if you are just coming eastbound out of the maze, you definitely want to take 580 inst

chris wynn, abc 7. >>> the santa clara unified school district would only confirm caserta is an employee of the district but wouldn't share share if disciplinary action had been taken. the santa clara police department is now investigating. >>> san jose police are investigating the city's eighth murder of the year. happened around 1:15 this morning. two adult men both suffering from a gunshot wound. one victim died in the hospital. the other veeted for non-life threatening injuries. people are frustrated with what's happening in their neighborhood. >> it's sad, horrible. it's horrible. and scarey because like we can't have our kids -- our kids aren't safe out here. it's sad. >> the shooting also marks the city's second homicide in just over a week. no suspects have been identified in the shooting. >>> we have new developments this afternoon in the shocking child abuse investigation out of fairfield. >> today the solano solano solao more charges against ms. roger. >> her husband was previously charged with child abuse and now rogers is facing child abuse charges. they were both charged af

. >> abc 7 news reporter chris wynn has the story from santa cruz. >> reporter: after a dry winter and spring across the state residents in santa cruz are concerned about potential for draut. they are doing their part to conserve. >> the small parts add up. >> this week, the city council issued a stage 1 water shortage in santa cruz with restrictions in place for the end of october including no landscape watering between 10:00 a.m. and 5:00 p.m. and no washing down surfaces such as sidewalks and driveways. restaurants will being told to serve water only upon request. >> we actually used a self-dispensing method so people can take precisely as much water as they want rather than always giving somebody a 16 ounce glass of water. >> the city's largest water source, the san lorenzo rifrg is experiencing lower than normal levels and expected to dwindle in the coming months. although the main reservoir is full. officials want to avoid tapping that source unless absolutely necessary. >> with two thirds of average annual rainfall and one third of flow in the river it's another dry year. >>? sa

. >> here is abc 7 news reporter chris wynn. >> following a meeting with auto industry executives at the white house, president trump has instructed his administration to explore negotiations with california on achieving a single fuel economy standard for the nation. >> we're working on how to build more cars in the united states. we have a great capacity for building. we are importing a lot of cars. and we want a lot of those cars to be made in the zbluns auto makers are concerned about the potential of having to engineer and produce two versions of each vehicle models iffia main streets standards in he was defs defense of the obama era regulations a group of democratic lawmakers sent a letter to auto executives saying the standards are not only appropriate appear achievable but necessary for progress and reducing greenhouse gas emissions and fossil fuel consumption as well as driving innovation and job growth. last week california wells 17 other states sued the trump administration over the plan to reconsider fuel standards. current rules call for an average of about 50 miles per g

. >> abc 7 news reporter chris wynn is will live at the santa clara county juvenile center with the story. chris. >> reporter: ama and larry for the family of the victim this was the last place they wanted to be. eight years after the brutal murder, another hearing for one of the men already convicted. in 2009, randy thompson, 15, along with 16-year-old jae williams stabbed to death 15-year-old michael russell at his home in san jose. the three were friends as in and classmates. >> nine years ago this is where he was. and now we're back in this spot. something is wrong. >> thompson and williams admitted to worshipping the devil and wanting to kill just for the thrill of it. they were tried as adults in separate trials and sentenced to 26 years to life in prison. but with the passage of proposition 57 in 2016, cases like these could return to the spotlight. angering those viewing it as a potential loop hole. approved by nearly a 2 to one margin it was to reduce the overcrowded prisons by spanning parole eligible for non-violent criminals. however the measure gave judges not prosecutors the

in san jose, chris wynn, abc 7 news. >>> the exitment is building around ven berg affairs base in nasa county for the interplan tear launch from the west coast. tomorrow nasa law firms the mars inside land era car size probe on a two-year mission to examine what makes a planet like earth and help advance the search for a settlement there. business owners and in lompoc say they see a an influx of visitors for this event. >> we have noticed busier. the cliental change because we are a small coffee house we know everybody. we know when you're not from here. >> it's always great when you can open up a business and have that influx that automatic influx of business come through. >> hotels in the area are sold out. tomorrow morning's launch will be visible to residents near alongs los angeles as it begins the approximately 200 day journey. >>> if you hear people saying may the 4ing be with you tease because may 4 south "star wars" day a day to geek out. >> and kids at a san francisco hospital got to sbraet extra special meeting the star of the latest film, solo a "star wars" story. >> abc 7

my colleague, abc 7 east chris wynn is watching all the testimony with the latest online and later editions of abc 7 news. >> matt, thank you. >>> sky7 above the scene of a collision between a vehicle and a pedestrian in redwood city this morning. this is along the southbound lanes of el camino near james avenue. there's not much information now about the condition of the pedestrian or the driver or whether there were any arrests involved. we do know the southbound lanes in the area were temporarily closed. >>> san francisco's mayor is tackling heroin use in the city. right now, he's announcing plans for a special medical team that will treat the homeless with a drug to stop aarheroin cravings. the mayorments to set aside $6 million in the budget to fund the team over two years. trained professionals would prescribe buprenorphine to hundreds of homeless drug addicts. they tested the drug and 60% of 200 people who began treatment are still working on staying clean. >>> today, the salvation army will pass out food, socks, and hygiene kits to the homeless in san francisco. this was a video tak

he also took the opportunity to tell investors the wynn could be called encore boston harbor.gest shareholder for this company chose not to speak in her meeting. they were prepared to give her extra time but she said she thinks the letters she sent to share holers beforehand speaks for herself. >>> sports gambling is legalized throughout the country it is going to lead to a wave of deals? >> it's not been 48 hours since monday's supreme court decision and we have a couple of deals. churchill downs own the kentucky derby and other casino, race-cinos they did a deal with the golden nug net atlantic city. and then there is reports about patty power bet fare, they are thinking about merging with fan duel they have given us no comment but remember, comcast, we have a stake in fan duel. the media companies are part of it here's the thin. the licenses are generally going to go to the skoips that have brick and mortar presences but don't have the technology to do on line gambling that's why they are syncing up with the paddy powers or the fan duel because they have the technology and

chris wynn, abc 7 news. >> now, just about a half-hour ago the general manager of the 49ers released a statement about him. john lynch says foster will have an opportunity to rejoin the team tomorrow. lynch went onto say, quote, it's been made clear to ruben his place on the team is one that must be continue today be earned. >>> breaking news in san francisco now where crews are battling a house fire pouring out of the house on parker avenue in the city's lone mountain neighborhood. the flames jumped to the building next door, not sure which one next door. and crews have been battling this for about 30 minutes now. we'll have more information as it becomes available on-air and updates on the abc 7 news app and abc7news.com. >>> police responded in force today to oakland's regional park. sky 7 was above the scene. you can see two police cruisers and officers walking with their guns drawn. oakland police where working with liegeinal parks police. about two hours ago parks police tweeted that its officers are involved in police activities. so rather vague. the department would only tell

come to my show in vegas, and while you're there, feel free to chisel steve wynn's name off anythingou see. don't forget to buy tickets to my tony nominated show in new york city. the baby name of the week is beetlejuice, beetlejuice, beetlejuice. and finally, it's your nascar highlight of the week. [ humming ] >> aaah! anybody else think that cheater kevin harvick's car sounded funny? that joke is for my base. my apologies to the deaf community who will not be able to understand that video. good night. ♪ >> from comedy central's world news headquarters in new york, this is "the daily show" with trevor noah. ( cheers and applause ) ♪ >> trevor: welcome to "the daily show," everybody! thank you so much for tuning if! i'm trevor noah! so good to have you! tonight's guest -- tonight's guest, presidential historian jon meacham is joining us, everyone! ( cheers and applause ) but first, by now, you've probably seen the footage out of hawaii where a previously chilled-out volcano recently stepped up its game. luckily, no one has been hurt because the lava moves really slowly, but it's stil

>> and he was going to sell this -- this was launching his new year steve wynn has a new online galleryings. this was going to fund that expansion. >> so it would be terrible for the poor painter whose brush slipped. >> yes, he's probably had a bad week. >> and i would make the case, we don't have painters anywhere near where we keep our goods that could be a selling point. >> it happens. it happens at both of the places and all the places but this is going to take a lot to sort out with the insurance companies i'm sure. >> thank you, robert >>> let's go to see herrera for a news update. sue? >> melissa, thank you very much. here's what is happening at this hour, everyone the suspect in the santa fe high school shootings has been identified as 17-year-old student dmitrios pagourtzis. nine students and one teacher were killed. "the houston chronicle" citing senior law enforcement officials reported pagourtzis was armed with a rifle, a pistol and pipe bombs. >>> president trump is choosing active veterans affairs secretary robert wilkie to permanently lead the department. he's led for two

in santa cruz county, chris wynn, abc 7 news. >>> we have a developing story right now in oakland to share with you. let's show you pictures from sky 7 live. police are on the scene at the on ramp to highway 24 from martin luther king where a police pursuit ended literally moments ago. police stopped a black honda accord. initial reports are that there were five to six people inside that car. now this of course happening during the height of rush hour and it has caused some significant traffic delays in the area. we'll continue to monitor the situation and bring you any updates on abc 7 news at 5:00 and. >>> we have new information on the circumstances that led up to an officer involved shooting in hayward. investigators say the officer answered a call about a dispute between roommates around 7:00 last night. they say the officer fired her taser at one of the roommates when he refused to comply with her orders. the suspect then allegedly hit the officer in the arm with a large metal bar and that's when the officer opened fire hitting the suspect and startling neighbors. >> i heard gu

wynn is a special situation. i think ultimately they're going to sell or sell pieces las vegas sands is a recovery of macao, and we just got 27% revenue growth for april in gaming revenue for the industry. that's very impressive these guys are taking market share. they had a great quarter actually, the stock didn't do much and so i have been adding to it. i started buying it in february, and i have been buying it, down about 8% from the highs. >> and you sold bristol. >> i sold bristol. i owned it because i thought there was a chance it was a take out. there's too much reliance on this one cancer drug, and i think merck is actually taking a little more of the momentum in that cancer drug at this point so i just, you know, i took my bristol money and put it into zimmer >> let's move on a man well known to cnbc viewers, anthony scaramucci will return to skybridge as co-managing partner. this comes as china announced it will not acquire the firm. thenny joins ussoon the phone. it's been a while. >> how are you >> we

abc 7 news reporter chris wynn has the story. >> reporter: over the past five years drug overdose, most linked to opioids have been the leading cause of accidental deaths in marin county. >> when i was in kmed school we were taut that these were less than 1% addictive when used for pain. we are learning the hard way how wrong thas. >> there have been 12 lawsuit filed against wholesale pharmaceutical and manufacturers. >> we have been doing a lot of work in trying to reeducate our physicians in safe prescribing practices. >> these are the companies named in the suit including san francisco based pharmaceutical distributor mccommitteesen. company executives did not return our request for comment. legal analysts steve clark says the lawsuit sends a clear message. >> what the lawsuits are seeking is both monetary compensation to the counties that have had to expend money for people addicted to drugs or that have been injured as a result of drug overdoses. >> on capitol hill, big pharma's role in the national epidemic was at the center of a house energy and commerce committee aerg yesterday

entertainment ruling out a tie up of wynn resorts.an says he does not plan to increase the holdings. of $38had a market value million. value of $21market billion, has gained 15%. theo long as they win largest shareholder, we are confident nothing will go wrong. after all, it is only 4.9%. we are just here to receive dividends. david: we're just getting warmed up here on "daybreak asia." a lot of good conversations you will not want to miss. by an advisor, 50 minutes from now, to talk everything from europe, msci, shortselling. lots to discuss. yvonne: plus we are back for the morgan stanley china summit later in the hour. :40exclusive discussion at 8 hong kong time. plus, the market open set up for turbulence here. this crisis politically in italy. we are waiting for some type of government to be formed. a lot of questions. david: looking at futures, 20,000. the open is next. this is bloomberg. ♪ his is bloomberg. ♪ ♪ david: it is 8:00 a.m. in hong kong. we are live from bloomberg's asian headquarters. yvonne: i'm david england. yvonn