so left yahoo with the ceo. they promoted the scott levinson person. had this plan for yahoo. and instead of doing that, instead of hiring levinson this man who had been imagining he would be on the board in short order space bar what kind of ceo yahoo needed. and then met with a famous investor in the creator of netscape who told both download and another future board member of yahoo. he told what you need is when you have a tech company like yahoo apart for a car company, the product, you really need a technical leader, someone has an understanding of how products are made. places like amazon are such great companies. and so they got it in their heads that what they need to do is go find someone like larry page or mark zucker berg with an understanding of the real native understanding. and you know it was a pretty all-star list. the launch many products. she is to talk about it. google products so difficult that was google's goal. and so at the top of the list the thought it would be possible. they hiredthey hired a recruiter who reached out to her. stunned to learn that he

yahoo!. joining me now is cory johnson. investor in yahoo! and alibaba, and a managing firm.r at a venture also, the former ceo of the huffington post. you., i want to start with what do we know? cory johnson: they have decided not to go forward with the spinoff of alibaba. this was the great hope of shareholders. alibaba is worth so much more spinoff couldhe happen in a way that would give shareholders of core yahoo! and a share of the spinoff, and therefore not be considered a taxable event. shareholders would therefore not have to pay for the capital gains. , the taxable problem was left a mystery by the irs. yahoo! aould not grant promise that shareholders would not be taxed. shareholders looked at it and said i don't want that if i am going to have to pay attentive taxes on it. so they are cutting off the head to keep the body. emily: mark, as an investor in both companies, what is your reaction? what are you going to sell? mark: we are actually buyers here. we like yahoo! we like alibaba. we like the long-term story in alibaba for their

position in yahoo!d an early investor in alibaba. you have not been shy with your feelings about marissa mayer and yahoo!. what do you think right now? >> i separate my opinion of yahoo! with marissa, she is a very capable executive who has been put in charge in a no-win situation. yahoo! lost its relevance a long time ago. consumer internet companies are very much in a sociological and demographic place. generations move on from those products. yahoo!'s relevance is the uestion. from my standpoint i am not surprised things haven't worked. what are they going to make it work with? there has not a single must-use product at yahoo!. never has been since the emergence of google because google changed our behavior around how we use the nternet. yahoo! does not do anything like that anymore. emily: mark, not a single ust-use product. as a yahoo! investor, how do you respond to that? mark: i actually don't disagree. m's point is right on. the market is valuing an asset we see value in at zero. zero is a good

yahoo! shares surging after it was confirmed it will scrap plans to spinoff alibaba. and under pressure from ofestors who are tired waiting for the company to turn around. the bank of china has raised $17 billion. the move coming ahead of the planned ipo. wise, aarket composite adjusting inflation numbers up by one third of 1%. .his is the picture there we go. a volatile number. sentiment.t changing the nikkei is off by 1%. an hour. in half time for bloomberg west. emily: i am emily chang and you are watching "bloomberg west." cisco hopes a push in the cloud will move for bigger profits. and what would you invest in if you are one of the richest companies on earth. i set down with a man who runs a venture and of the company. first to our lead. a decision that could define the legacy of the troubled internet startup. yahoo! is bailing on plans to sell its stake in alibaba and will look at the plausible sales of its web business. yes, the stuff that makes yahoo! yahoo!. joining me now is cory

emily: eric jackson on what yahoo! should do. has yahoo! responded to you? >> they have only responded to say they are in receipt of the presentation. emily: we will see if they do. let us know. david kirkpatrick staying with us throughout the show. coming up, another twist in a tumultuous year in the semiconductor industry. we will walk through the millions of dollars that have changed hands and focus on what could be the next major plot twist. ♪ emily: it has been a busy year for the chip industry. m&a has reached a 10-year high with nearly 100 deals in 2015 valuing $110 billion. some of the biggest deals of 2015, intel buying altera for $14.4 billion in june. but why the rush of consolidation now? we checked in with our team of analysts. one reason, with hundreds of chip companies, the sector was fragmented and companies have been looking for balanced exposure. another reason, rising r&d costs. in 2014, intel spent $11 billion in research and development. micron spent $1.4 billion in 2014. is it really cheaper to buy a company than it is to spend on its o

a yahoo account. if someone is sending you that e-mail, they're suspect in my opinion. tvuthe9, let us know and we'd love to hear what you have. >> i have my old, the only personal e-mail account i ever had that i started 800 years ago and the only reason i go to yahoo is to check my e-mail. i can't imagine i'm alone in that. >>> coming up, donald trump and what police are saying about this picture of the candidate depicted as one of history's most polarizing figures. >> and allowing police to teach elementary school students. coming up, the outrage by parents at one east bay school district. i have asthma... ...one of many pieces in my life. so when my asthma symptoms kept coming back on my long-term control medicine, i talked to my doctor and found a missing piece in my asthma treatment. once-daily breo prevents asthma symptoms. breo is for adults with asthma not well controlled on a long-term asthma control medicine, like an inhaled corticosteroid. breo won't replace a rescue inhaler for sudden bre

macklin looking at yahoo! because city just cut yahoo! to neutral. matt: $39. yahoo!ading there. wynn is up-to-date because the ceo has bought another one million shares. when boosted his stake to 11.1 million shares, 10% of the entire company. n with a vote of confidence. maybe he knows a little bit about the company since he runs it. historic the big merger we've been reporting on, the possibility of dupont and dow chemical resulting in a break up into three separate companies. agricultural, plastics. both of those shares rising. they've done pretty well this year, both worth more than $60 billion in market cap. it would be the biggest high up in the chemicals industry. finally, want to talk about kinder morgan and freeport back rent. moran.eport mac freeport has had a rough year, down 70% year to date. it came out today and said it is suspending its dividend, cutting its much shutting down mines. they have given it a vote of confidence. here's the year to date look, still pretty rough. 8 percent. brendan: vice president joe biden had an exclusive interview with blo

bob follows yahoo! for suntrust. one of my favorite headlines, yahoo! has gifted us another year of confusion. what is your reaction to this? bob: we thought it was a positive defining moment for the company and something they needed to do. the tax risks were just too large, a $20 billion risk. you really cannot afford to take that risk. they had to pause the process. they may be going for a spin, but we think the sale is more likely. we think all the strategic alternatives will be pursued and maximize shareholder value. likely -- aost combination of softbank and alibaba. alibaba would love to bring those shares back in. those two together go after the vast valley of yahoo!. emily: eric, you have a slight less positive take. againstey're back was the wall. they should have announced this a few weeks after the irs made its ruling. it was clear that you cannot take a 10 to $20 billion risk. it would be a third to half of their market cap. why wait for the activists to get back into the stock? the disappointing part of the news today, and there might be ot

emily: now you are part of yahoo!, you have meetings. david: we had meetings before yahoo!. this has turned into a major team of nearly 300 people. a pretty major business that we launched a year-and-a-half ago. emily: tell me about you, where you grew up. david: i was born and raised in new york city. my mom was a teacher. my dad was a composer. did a lot of work for television, particularly in news. i found myself surrounded by all of this creative technology growing up. in my dad's recording studio. in my mom's work in the recording industry, and i remember spending those nights and weekends in the recording studio. it felt like the starship enterprise. emily: when did you learn how to code? david: i learned markup languages and i was 11 years old. when i was 13 i started to get , just enough to do a little bit of damage. one of the first things that drew me into it were these personal identities people were creating for themselves. i saw the aol profiles and away messages. i saw that in the websites that people were building and i really loved that expression, that ident

from a user standpoint, whether it is yahoo! finance, yahoo! sports, yahoo! whomever, the attention is on facebook, snapchat, and twitter. the news people get is from buzz feed, not yahoo!. is idea of what yahoo! was somewhat romantic. everybody wants to save it because of what their past was. he and his have shifted their attention -- new audiences have shifted their attention elsewhere. regardless of whoever the ceo .s, you cannot fight the tide the attention has moved on to other places. that is the biggest challenge for yahoo!. how do you make it relevant to the 25-year-old today? emily: you have been emphatic that the blame does not lie entirely with marissa mayer. what should her top priorities be in 2016 >> mark what --? ? can we make the board of yahoo! more accountable? this board has let it become increasingly irrelevant. to blame this on one specific ceo, what were they hiring the ceo for? somebody forhiring financial engineering, they should have hired somebody with the skills. emily: do you think marissa should be given more time? alan: i will no

emily: where is yahoo!? >> yahoo! continues to slide.ayer, her honeymoon period continues to be over. it is a choppy time for them. emily: talk to me about the methodology a little bit more. you have a special algorithm by which you come up with this list. how does it actually work and how do you know it is an accurate representation of the workplace? >> it is pretty simple. 30 million people per month visit glass door. they use us to research companies, salaries, interview questions, or jobs. a meaningful number of those people tell us what it is like to work at their company. that is the only way this data set is built. we don't survey people are work with the companies. this is completely based on what the people, the employees in the company say about working there. we feel it is the best representation, the employee's choice awards for companies. >> the list is based on how many surveys? >> to be considered for this year, you had to have 75 reviews in the last 12 months alone. the algorithm looks at last year's ratings, ceo rating,

yahoo!'s board reportedly meeting to sell the company's core internet businesses. what could that mean for marissa mayer? we are about a half hour into the training -- the trading session. i want to head to the markets ask where julie hyman can give us more direction. julie: a janet yellen waiting game. she is scheduled to speak at the economic club of washington so it looks like markets are waiting for her comments to perhaps get more direction. we have had some commentary from other officials over the past 24 hours. ar. heard from leo brain we heard from dennis lockhart, he says he does favor raising interest rates is month. in addition to hearing from those officials, we also heard from adp. it's payrolls report saying the u.s. economy added 217 -- 217,000 private jobs. this was precursor of the jobs report on friday. thoughts for investors to consider. p -- wirp. at w.a.r. the likelihood the futures market is pricing in another increase. we have seen an increase in the probability. it st

yahoo! ceo is expected to spin off andbaba may sell internet business instead. ♪ stephanie: welcome, you're watching "bloomberg ." david: we have a very busy newsday today. yahoo!, oil, everything is going on. and the of cory johnson here to help. thank you for being you. we have to begin with the first word. french authorities identified the third attacker in the bataclan from paris. the left syria and 2013, all three attackers were killed, too detonated suicide vest and a third was shot by police. congress is tightening visa requirements following terrorist attacks. it will bar people who traveled to iraq or syria the last five years. all 38 countries in the visa program rep issue passports containing biometric information. joe biden said the donald trump wins the republican nomination he would be defeated easily by hillary clinton in a general election. by vincent clinton went in a walk but cautions his comments are not in endorsement. on these andore other stories of the new bloomber

yahoo!. big developments could affect a lot of south bay families. that's ahead in business. >> are we surprised? more fallout for donald trump this morning. what critics here and abroad are saying about his latest controversial ploy. >>> got a tip for nbc bay area's investigative unit. call 1-888-966-tips or e-mail trips@nbcbayarea.com. despite-- harsh criticism donald trump is sticking with his idea to ban muslims from entering the u-s. one republican is even asking >>> he's not backing down despite harsh criticism. donald trump is sticking with his idea to ban muslims from entering the u.s. one republican asking trump to drop out of the race. >>> nbc's tracie potts is live in washington tracking this political firestorm. >> reporter: a tough one for the party because they want to condemn the message but not the man. he has so many reporters and they don't want to alienate those republican voters. >> it's time for donald trump to withdraw from the race. >> reporter: and he's a republican.

that yahoo! would sell its internet services like mail and flicker and whatnot to some other company like verizon. that could still happen. right now, no, it will not. yahoo! made an investment in alibaba years ago, incredibly smart investment. it's worth billions. the big question, how do you unlock the value of that for your shareholders? this is like owning a big nugget of gold. unless you sell it, you're not really rich. the obvious thing is you sell off alibaba, but yahoo! and irs couldn't agree on whether that would be a tax-free transaction. instead of splitting off alibaba, they'll split off yahoo. why do you care? yahoo! is selling off its core business, if that were to happen, would mean people would lose their jobs. also yahoo! is an old silicon valley standby. it's part of family so that's why we care. the latest development moments ago is yahoo! board member max levchin resigned. he invented paypal and was brought on board by marissa meyer. yahoo! says it's because he wants to concen

strong gain for yahoo. what could yahoo look like without that core business?e'll get some answers on that in just a moment. proud of you, son. ge! a manufacturer. well that's why i dug this out for you. it's your grandpappy's hammer and he would have wanted you to have it. it meant a lot to him... yes, ge makes powerful machines. but i'll be writing the code that will allow those machines to share information with each other. i'll be changing the way the world works. (interrupting) you can't pick it up, can you? go ahead. he can't lift the hammer. it's okay though! you're going to change the world. come happy birthday. i just had a heart attack... and now i have a choice. for her. for them. and him. a choice to take brilinta. a prescription for people who've been hospitalized for a heart attack. i take brilinta with a baby aspirin ...no more than 100 mg. as it affects how well it works. it's such an important thing to do to help protect against another heart attack. brilinta worked better than plavix. and even reduced the chances of dying from another one. don

because the big thing yahoo has, yahoo finance, which is a great site. and yahoo sports.re the two main sections. comcast could wo be great. >> and comcast the owner of cbs. and they put that out as well. i can't believe you didn't know matchmaker, matchmaker. so what do you think? >> i'm going in a different direction. i don't see a corporate buyout. i'm going with the silver lake private equity. if they could buy it for cheap and milk whatever they can out of the existing base, which is big, dwindling but still big, maybe that is how you do it. >> i don't know how they don't know that mary poppins was my favorite movie. it is crazy they didn't know that. >> mary poppins is not -- that is fiddler on the roof. >> it is from your generation. >> watch what this one is. iac should right swipe on this. why do i say that? because they own tinder. it fits perfectly with the different properties. that stock hasn't done well but you should buy iac stock but i think they might be interested in this little thing right here. >> nice right swipe. bringing it up to the century here. t

one, yahoo!eives with their existing plan, which is to pursue a tax-free spinoff of its alibaba state, worth more than $30 billion. the tax-free nature is certainly in question. that is prodding some shareholders to say, "let's think about something different. something different might reselling off the existing core operating business of yahoo!. that is this generates almost $900 billion of ebitda, so it is a very viable ongoing business. lots of cash fw. presumably, there would be interest out there in the marketplace. david: that is the newest scenario. when did this get advanced? >> when the armrest chose not to pre-approve the tax-free nature, a whole newcted level of risk. perhaps yahoo! should think about spinning out or selling out its core business. david: we had the aol acquisition. you mentioned the ad benefits. what is for rise in trying to do here, become more of a content provider? paul: i think they are. i think they are looking at online video, principally mobile online video. whe

does yahoo go on on its own? is this still about marissa mayer driving a product strategy that has not resulted in a turn around yet? it's hard to imagine, but we will see what this do from here. >> jon, on that note, or david, obviously there has been a lot of speculation about the longevity of marissa mayer in this job. i would guess, but tell me if i'm wrong that if they pursue this inverted spinoff where the core business is spun off that doesn't necessarily go well for her job security, does it? >> it's kate, it's hard to say, i think that that introduces its own set of risks as well, namely the time it would take to get something like that done and how you continue to attract top rate talent to a company that is in such transition as that. the expectation is she would continue to run the company and of course still be investing in potentially the growth initiatives she has been focused on as the ceo these last few years, but, sure, it's a good question. i think the one thing perhaps that would come about he

yahoo! sports, doing well. yahoo! finance, doing well.hy is this the gang that can't shoot straight? >> you are arguing that the valuation of that business at less than zero is a mistake? >> yes, i think it's insane. look what verizon paid for aol. if verizon is so inclined, you put these two together, people go to yahoo!. it's not myspace. i go to yahoo! every day. i don't know, maybe i'm an idiot. maybe that's it. maybe this whole thing is being an idiot and looking at yahoo!. okay, i'm an idiot. self-proclaimed idiot. i have it in my iphone. does that make me a stegosaurus? >> i will reserve comment. >> maybe t rex. >> >> they're not extinct. >> termite? >> $838 million in potential 2016 earnings before taxes, depreciation and amortization. if you back out the value of alibaba, yahoo! japan and the 5 billion in cash you have a core business trading 2.4 times '16 ebita. >> that's ludicrous. >> this is the argument this board will be dealing with today. i'm sure it promises to be an interesting conversation. they will speak to mr. smith

yahoo!'s board is meeting today through to friday to consider whether or not to sell the company's core but struggling internet business. they're also expected to discuss move ago head with the alibaba spin off despite a plea by activist investor starboard value to scrap that plan. analysts said in the past that the internet business could attract private equity firms and media and telecom companies or a company like soft bank. the meeting comes as pressure mounts over the lack of progress in marissa myer's turn around plan. yahoo! shares rising by 7% and after hours trade in germany as well. >> if yahoo! does go ahead with the spin off in alibaba the commerce giant could decide to buy it back but that transaction would likely carry a big tax on yahoo!'s gains from the alibaba shares. the company would a viceba vice only buy back shares. they rose 1% in after hours tradinand german trade up 1.5%. what's fascinating is how the market values yahoo! right now. that 50% stake in alibaba is worth

that business would be distributed to yahoo shareholders. the problem with the alibaba spinoff, the chairman said that it was a concern of the park coat perception of tax risk, analysts and major investors did not want to risk paying billions in taxes to the i.r.s. when the spinoff of alibaba took place. the board was considering several options at the meetings including selling the internet business. the c.e.o. marissa mayer promised details in january on a land that would include layoffs. shares are up half a point in premarket tradeing. >>> 6:0 5 the happening today, a california state senator from los angeles will hold a hearing to find out why state agencies failed to spend $10 million in charitable donations from taxpayers. the state senator said that the practice is unaccessible and a significant amount of that money went to cover administration expenses. the money was checked when people in california filed tax returns. >> federal judge reduced the fine that prosecutors can seek against pg&e for the san bruno explosions curing to the

. >>> expectations are growing for some big changes at yahoo! yahoo!'s shares rose more than 5% on reports that yahoo!'s board is right now considering selling off the company's core internet business as well as a spinoff of its stake in ali baba. victor anthony, senior internet analyst with axiom capital management joins us now to discuss whether or not this could be the right fix for yahoo!. victor, let's start right there. is it? should this company basically break itself apart, monetize ali baba, sell its internet operations, and what's left after that, take it private, or what? >> the short answer is yes. i think the first thing they need to do is go through with the spinoff of the ali baba stake. they should go right ahead and do that. i think they're planning to do it in january. there's a lot of pushback from investors because there's a potential huge tax liability that could occur if the irs were to choose to challenge it, so there's some pushback on that. but i've spoken to multiple different tax experts, and they think ultimately yahoo! will

another yahoo! investor presented yahoo! with a 900 page proposal, 900 job cuts.to discuss his emily chang. about the spring plant 99 pages. a lot of slides and a lot of details here. and he says this is something the yahoo! board will take seriously? everyone has an opinion. eric jackson used to be at one fund and now it is another fund called spring owl. small stake in yahoo! but the exact amount is undisclosed. he has taken on yahoo! and has been talking about yahoo! now for many years and he thinks that if yahoo! proceeds with a plan and what yahoo! said they will do is more spinning off its core business, not spinning off for now, but he thinks the worst possible thing to happen is this takes another year and at the end of the year, they determine they cannot spin off the core business and that is another you're lost in terms of yahoo!'s future. inis saying right now, bring someone who is more sales and operations oriented who is going to drop the preconceived notion that we can restore yahoo! to its old greatness, but he does not think it is a complete lost

yahoo! has not yet made it clear it's going to sell yahoo! the core business. but that's what a lot of investors think could be the end game here. >> what does this mean for the ceo? this had been rumored, planned for some time? >> it had. i think the question is, if yahoo! gets broken up, is there some piece that continues to be independent? is it big enough marissa mayer sticks around and runs that. if it gets bought by some larger company, does she continue running yahoo!? does she rise up in the ranks of that company? none of that is clear till we hear more about whattia ha plans to does, is it offering itself for sale, soliciting for investors or or breaking into little pieces. >> it's stake in alibaba is how big? >> it is sizable. >> tens of billions as i recall. >> it is. >> is this a victory then for the starboards and others who have been agitating from within the company? at first this he say get rid of that $30 billion stake or whatever it is, now they say well wait a minute, maybe we don't like the tax bite there. we should change. are they calling

yahoo! and dow chemical. boast are under pressure from activist investors urging the company to take a new direction. >>> apple and taylor swift shake it off when it comes to their differences and reach an exclusive deal to debut a film of the pop star's world tour. >>> good morning, everyone. it's monday. a very busy week for markets potentially. we could be seeing the first fed hike in roughly a decade. almost with the new "star wars" movie coming back online. a pretty big week. in terms of the markets, the ftse 100 up by 0.1% very much shrugging off the negativity that we saw in the asian trading and that we saw in the u.s. last friday. the xetra dax bouncing back to the tune of 0.1%. european markets had a pretty awful week we're down by 4%. because of the junk bond market jitters and the job in oil prices. asian markets look like this. china outperforming 2.5%. why? in part because the trifecta of data. retail sales industrial output, et cetera, that was at least or better than expectat

unnamed sources are talking after yahoo's board met last week and so yahoo will not be selling off itslibaba shares because the tax big is too high. this according to reports by bloomberg and cnbc. yahoo was hoping to unload a 16% stake in the company for $33 billion but taxes would be a third and $10 billion would have to be paid to the irs. with the alibaba sell-off off the table that's a huge blow to ceo marissa meyer. she had been promising shareholders this since january to use the cash to turn the company around. she made a push for yahoo to become a content creator on top of mail, flicker and tumblr. activists shareholders are increasing pressure to sell off the web business which has a billion users and the brand name has value. marissa meyer has been ceo for three years. shareholder patience is running out and her future may be in jeopardy. >> they have given her a decent amount of time so it's not unreasonable for them to be thinking about that. >> reporter: and meyer may reveal her plans in january. if there is a web business sell- off, we could be look at more layoffs. live

there are so many stories like that within yahoo! and now they are getting ready to sell some physical property to try to generate some cash. cory: everyone in silicon valley seems to be rooting for yahoo!, i cannot say you have many people i meet with who say -- you had your obligatory nine months with yahoo!. >> we took the company from 200 million users to 500 million and from $700 million revenue to $4.5 billion. i am still a huge fan of the company. it is an iconic property that represents a lot of the good that came out of silicon valley, a lot of the original innovation and people taking risk. two very lovable founders. plus there are 10,000 people who work there. we want people to have jobs. i do think that if they can get focused, get rid of the asian assets, distribute the capital and keep enough to invest in the company, it's not like the internet is over. you saw the successful transition of adobe, a turnaround of a stock that went from 47 to 19 to 95. then focusing on two significant assets and splitting them. so we know

you are a former board member of yahoo!. watching,at we are uber and facebook teaming up in a way that might sound familiar to our viewers in asia. facebook messenger users will be able to summon and uber by tapping on a street address in a message. you can split the fair with friends -- fare with friends. wechat's to uber, owner has blocked over. -- uber. butterfieldstewart why he is giving away $40 million. our exclusive interview is next. ♪ emily: new data shows amazon's dominance this holiday season. amazon claimed more than 39% of e-commerce spending in the u.s. from november 1 to november -- december 6. you would have to combined than web sales of the next 21 retailers to match amazon's share. shares of the company are up 8% since the start of the holiday shopping period. announcing an $80 million venture fund to invest in other startups. stewart butterfield says the company is contributing more than half of the total fund, the own coming from slack's investors. joining me now for an exclusive interview, stewart butter

and yahoo!et a direction for its spin-off plan. >> alibaba will trade under the ticker yhoo. >> this could be the biggest merger yet. and we hear from the man tasked with turning around the world's most troubled auto company. >> we have to tighten the belt. >> and exquisite interview with marc benioff on success in the cloud, unicorns, and more. >> it is time the corporations had to their core value system the word quality. >> it is all straight ahead on "bloomberg best." ♪ yvonne: hello, i am vyonne man, welcome to "bloomberg best." the weekly look at the most important news, analysis, and interviews from bloomberg television around the world. we begin with a significant decline in the price of oil, which is where we start our review in the week's top headlines. >> we start with oil, the big story, down the most in seven years. investors are worried that oversupply will carry forward after opec abandoned to limit prices. david covers oil from our bureau in houston. let's go back to that decisio

she made a push for yahoo to become a content creator on top of what they already do with yahoo mail, flicker and tumblr. activist shareholders are increasing pressure on the company to sell off its web bisbee still has a billion users and while the brand name still has value. >> we don't know whether yahoo the company will still exist. i believe the brand will still exist because it's a popular site. >> reporter: meyer may reveal her plan in january. if there is a sell-off, we could be looking at more layoffs. live at yahoo headquarters in sunnyvale. kiet do, kpix 5. >>> well, the new "star wars" film opens in more than a week but people are still camped out in front of the theater on hollywood boulevard to be the first in line for "star wars: the force awakens." this is where the first "star wars" movie premiered in 1977. experts are speculating the film could make upwards of $300 million just in its opening weekend. and how much money is that? well, that's what attack of the clones made over its entire domestic run. >> the movie is just as good the next day. [ laughter ] >> you don

keep your eyes on shares of yahoo today.cks jumping, may consider selling flagging internet businesses. we will have the latest on the story and what it means for ceo marisa myer. dow, nasdaq, s&p by 2 and a half. you're watching fbn:am, first look at morning markets and breaking news. ♪ ♪ ♪ jeb bush: here's the truth you will not hear from our president: we are at war with radical islamic terrorism. it is the struggle that will determine the fate of the free world. the united states should not delay in leading a global coalition to take out isis with overwhelming force. their aim is our total destruction. we can't withdraw from this threat or negotiate with it. we have but one choice: to defeat it. vo: right to rise usa is responsible for the content of this message. >> cheryl: breaking news this morning. u.s. announces plans to send more troops to iraq but iraq's prime minister says, not so fast. this is the uk in germany onramping air strikes in isis. we will have all the details for you, good morning, everyone, i'm chery

they say yahoo! will now consider a deal for web businesses and spinning off a stake in yahoo japan. it turns yahoo! into a little more than a shell. alibaba may be the safer route ahead. press not been able to ahead with the $31 billion spinoff and make it tax-free. going forward with the spinoff would risk a $12 billion tax bill. who would buy yahoo! with a shrinking business? couldts say yahoo! interest cable firms are telecom providers. aol,on, which snapped up said it would consider yahoo!. ,ome chinese buyers as well tencent or baidu. up 3% on the news. alibaba also up in after hours trading. rishaad: a look at some of the other stories. your starting off with a look at a possible megamerger. dupont bothcal and searching after hours on reports they are in advanced talks to merge. the deal could be announced as early as this week. merger, the company would break into two or three businesses because of regulatory and other issues. dow chemical that gave the world siliconagent orange, breast impla

yahoo has a billion users. >> why can't yahoo just articulate that then? it's easy for the gentleman who was the interim ceo who is no longer there to articulate it. there's a perception in the marketplace that yahoo doesn't know what it is or what it wants to be. mature businesses do not ino vat their way to growth. one of the things i had a discussion with the new team before i left was even if you are successful in creating a new incredible app that will in the first two years does 100 million of revenue and 20 million of ebida, that was ae stand-alone company, you would be like, oh, my god, that's fantastic. >> have you told bob peck to knock it off already? he is the one that put you out there. not us. not the wreed. it's an analyst, well respected one, on wall street who keeps saying that levinsohn should be considered as one of the guys. >> again, distraction for the team. i hate to see the most fun i used to have. i walk into the cafeteria that they call earl's. just sit down and talk to people. you know, you forget that these are lives that are be

tim seymour. >> yahoo. it's taxable, it's a tax free, whether it's with or without, there's some of the parts it works for you now or any situation. >> i was watching you on the afternoon show as i always do and one of the analysts on the show -- >> where are you going with this? >> pitches deckers. and deckers i still own the name. i still think it's an m&a candidate. >> so buy altria. >> but their line of sneakers, no one realized they own hoka. it's the full rollout this year. >> all right. karen? >> i still like anthem. it has nothing to do with an mlp, nothing to do with energy. not that those things can't be great. they can. but i think it's a nice valuation. >> pete? >> amazon's taking over the world. amazon is going higher. $500 is spent more as a prime. giddy up. >> i'm back tomorrow. "mad money" with jim cramer starts now. >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. my job is to help you find it. "mad m

so, we like the yahoo! think the private equity guys will come in and buy that asset and do what should have been done a number of years ago, have more of my financial engineering approach, a dealmaking approach to that business. i agree with the point that obsolete technology, even more than disruptive technology is a problem in the valley today. ♪ >> samsung is giving its mobile business a makeover. many a new smartphone boss. -- naming a new smartphone boss. the company is on pace for its lowest profit in five years. -- four years. a second straight annual decline. joining us to discuss, cory johnson joining us from san francisco. walk us through the changes we have seen. corey: the change is a result of what is going on. if we look over the performance of that business over the last couple of years, you see a really dramatic decline of the success, of the high-end for samsung and galaxy phones. low-end phones. on a profit basis the high-end phones haven't been the last two years. >> a lot of people thou

yahoo! resorts, and qualcomm are down year today but to date, the stocks are up on a down,at the nasdaq is perhaps setting up for a year-end rally. resorts, the when stock is down for the third day in a row. resorts,look at wynn the stock is down for a third day in a row. looking at are turnaround, but probably too early to say. qualcomm, another beaten-down stock as they enter into a patent agreement in china. the first piece of good news for this company for a long time. they have suffered from fears of royalty payments in china, but another case of it being too early to know. up on a reportre the board is considering big changes at the company, selling the major internet does this and perhaps reevaluating whether to spin out there alibaba stake. the ceo is under pressure to do something, especially when you look at earnings and revenues, which are down from 2012 when she took the helm. the stock, however, is up 130%. rewarding on the promise of change but it is too early to know how far t

what is left of yahoo! if it sells off? yahoo! news, i suppose. >> all yahoo!nvesting in aly baba. $14 million of yahoo! shares. it is all about aly baba. there is not anything else. stuart: i think of yahoo! as an old internet company. liz: social media and apps that have blown up the one internet portal model. people are getting information from all sorts of places. not just one portal. >> i have to be honest. a very clear strategy. stuart: a tough crowd. you really are. >> i do not think that that means much to credibility. >> okay. gerri: about to read some interesting news. boy have they had a terrific year. start with amazon. $680 a share. that is up 118% this year. netflix. up 156% this year. how about apple. down $0.21 this morning. facebook. 37% higher than it was on january 1. speaking of facebook. big pledge from mark zuckerberg. actually, ashley, you want to tell everyone about it? >> 99% of his stock in facebook. $45 billion worth. that is a huge amount of money. i know you are laughing. you are saying this is a tax dodge deal. he is an inspiration

it gives yahoo! an audience that is younger. it goes away from the middle america that yahoo!as. other people hate that because it has not delivered a lot of revenue. we are waiting for actual numbers on how it is doing. you have some people saying it is good, others are saying where is the revenue? emily: what about these other companies? brian: flurry and brightroll, they seem pretty positive on both that people want to see revenue and interest. it has given yahoo! a stronger voice with some developers and in mobile and video. those have done better. again, yahoo! is in a lot of trouble right now. emily: we know the board has been meeting. what is the latest update? do we know anything about the conversation? what is the likely path forward? brian: we are all waiting. yahoo! is always the center of attention. i think when we do find out, we will know soon enough. it is very clear that yahoo! is under a lot more scrutiny, even since a couple of months ago. people are saying, hey, board, what are we doing about this? what do you think about these activists? let's get some clar

in siliconest joke valley, so what is yahoo!? they are confused about those two goals. , goodn just acquired aol content and a lot of technology. yahoo! does both of those things. it makes sense. this constant state of turnaround, where it is profitable and throwing off cash and cash on the balance sheet, but at some point you have to grow. in marissa mayer they have one of the highest-paid ceos it in , 47of corporate america c main dollars in non-cash comp. $47 million in non-cash comp. up, two giants of american industry may soon be one. more on the potential merger between dow and dupont. brown --t mack freeport is scaling down. we'll show you the brand-new results of a bloomberg poll in just a minute. ♪ david: welcome back to pimm "bloomberg markets". the department of agriculture has raised its corn surplus forecast. increasing competition from brazil and canada takes a bite out of exports. supplies may corn be 1.78 5 billion bushels, an increase from last month's estimate. puerto rico's governor may call a special a session