we have yahoo! up on the board but if we could look at the numbers, down at session lows and with the nasdaq in particular, we see a flip from positive territory off of two days of calls from monday. down 1.3. accelerating losses by 1.8%. bloomberg so iy can show you the imap function. you can see all 10 sectors in the red, as it has been for most of the day. telecoms ared down. also take a look at what is happening with the majors here today. we have come off the positive territory. less than .5%. the dow jones still holding on to those gains by about .4%. let's look at what is happening with treasuries, specifically the 10 year. down asear yield is traders pile into it now. carol: the yen has been in focus. ramy: right now, the yen is at the strongest point against the dollar's october 2014 for top there is a safe haven appeal there. dollar will get you ¥108. gold seeing it best day in three weeks. pushing traders into the safe haven right now. to watch that has been moving to a course of the day,

emily: yahoo! is a company that was once very important to silicon valley. in a week, yahoo!s accepting bids to buy all or part of the company. you told me two years ago that yahoo! is not a tech company anymore. how do you see this playing out for yahoo? what do they become? peter: it is still a very big media company. by the way, i think marissa has done a terrific job there. it has been an incredibly hard company to run, and she has been by far the best ceo they have had, maybe ever. i think jerry yang was very good as the founder ceo, and i think marissa was far and away the best of the other people they had. i think it is in the context of how good marissa was. it is like, even marissa cannot get this restarted, we are not going to hire someone else. the logic is, you already have the best person, if it is not working, maybe look at other possibilities. it is a very difficult space, where there is always this old media and new media dynamic that is quite tricky. if you're in the old media, you want to be in a place that is really old, like doing radio or billboard advert

david: breaking news on yahoo! -- verizon said to be moving forward with yahoo!.hrough what we know. guest: starting off, no surprise that verizon is interested. that they are amenable to buying the yahoo! japan stake which is something sources told me verizon doesn't want. that indicates there has been some back-and-forth between yahoo! and verizon. that's not really a surprise that yahoo! would prefer that. it is a surprise verizon is amenable to doing that. it's a signal that they are all in and they would love to buy yahoo! and merge it with aol and either give the yahoo! japan stake to its own shareholders or turn around and sell it. google is also interested in yahoo!. that's a name no one has reported yet. we don't have firm proof that they are making a bid but they are definitely interested. we have news of some companies that are not going to bid. not going toast bed. microsoft not going to bid. these were names we had reported as potentially interested but took a look at the sales books and decided they are going to pass on it. david: what is appealing t

yahoo!'ly slow adjustment to the explosion of mobile devices has sent its ad market share plunging. this is its drop over the last decade or so, pretty steep decline. net digital ad revenue has dropped. estimates $1.4er billion worth this year. -- one marketer estimates $1.4 billion worth this year. steady last year, it is likely to contract 15%. this way ads have become yahoos a guest earnings drag. are crimpingosts the margins, and that means from 5% to 26% over the past year, three years really, that yahoo! margins trail facebook and google. he had emergede as bidders for yahoo!, -- yp have emerged as bidders for yahoo! it is unclear which parts of the business. we will get more on yahoo! news efforts to sell itself after the closing bell on tuesday. 's efforts to sell itself after the closing bell on tuesday. alix: is this it? >> i don't think so. we know other private equity firms are going to bid. or two othersne out there that may put in bids. and we may see a couple of strategic compa

the reality is that yahoo!er has become unprofitable and its outlook is only getting worse. its financial troubles have sparked fierce debate. it has two asian investments in alibaba and yahoo! japan. valuationon tricky best value assumptions, investors could be valuing yahoo!'s web business at less than zero. that means selling the company or bringing it up. time is of the essence. right now, got who is still the third most popular web property in the u.s., but it's online mobilee and especially audience is not growing. that mayer hasing done has worked. she can take a lesson from her former colleague, tim armstrong. he was struggling as the aol ceo. he got an offer to sell the company for a 23% markup. now, armstrong is helping lead verizon. if she sells now, she can hop aboard the same liferaft that saved armstrong. lisa: a number of major companies are due to report earnings next week, including yahoo! on tuesday. joining us now from san francisco is emily chang, following netflix and yahoo! what are the bi

as early as early 2000, yahoo was valued at more than quarter trillion dollars but now yahoo's market is about $34 billion. according to the "wall street journal" many potential buyers have walked away saying that righting the ship at yahoo would take too much, that includes time, comcast, at&t and alphabet. melissa meyer made a push to turn the company around by launching a video portal with original content but it never took off. the tech analyst says the company can still generate a lot of traffic for ad revenue but it currently has an identity crisis. >> yahoo is my base page, when i turn on the computer, it depose directly to yahoo, when i want to get my news, i go to yahoo as well. >> reporter: yahoo still has millions of users like that who have been with the company since the early days of the internet. yahoo's quarterly earnings report is due tomorrow and it's not looking good. year to year profits are down about 20%. yahoo expected to trim its workforce from about 10,500 workers down to 9000 and yahoo's core interpret business said to be worth about $8 billion. it is still n

if i got to run yahoo!a took over and i had it off of wall street and had my life to run it, i would be doing a lot different behavior. i think the pressure of what wall street wants her to do is short term behavior. it's hard for me to judge. i don't look at the wall street c.e.o. the same way i look at a pre-i.p.o. c.e.o. but it uses a lot of time. emily: verizon is preceding with a bid. guest: in that three years, marissa could have tried to buy snapchat for $4 billion 24 months ago. that could have worked possibly. emily: highly doubt that evan would have said yes. guest: you're right. there's those things. i always think that when you're in full control, y can do things. and so i think the results are results are results. i'm a big believer in the market is the market. but i'm also not naive that stockholders and the game you're playing dictate some of those outcomes. emily: yahoo! is for sale. though she still believes she could turn it around if she had significantly more time. guest: i agree with he

yahoo!we are watching earnings on tuesday and there is a big yahoo!reholder meeting coming in june. eric, how do you expect this to play out? >> i am a little confused. the reports were that there were reluctant to give open information to the bidders. that there was a whole process that was muddled and confusing. i think that probably scared a few people away. i don't know that the private equity guys could make a good decision in terms of what to price to put on it. expectations are that revenue will come down again. without full cooperation on the part of management, the board, and the company, it would be very hard, if you are a future bitter looking at cash flows, it would be very difficult to make a good decision. emily: and some people are looking at a reverse morris trust, which is a tax-free merger. that would send -- certainly be an interesting turn of events. thank you so much for joining us. eric hippeau, you are sticking with me. we will be staying with this yahoo! conversation. up next, areata huffington on marissa mayer's -- arianna on

huffington: yahoo!a hybrid, a journalistic enterprise, and a platform, and it owns tumblr, which i think is a great asset. as more and more people want to express their views in more than 140 characters, you have an incredible opportunity to use tumblr to allow people to express their views. we see this is for us one of the most important monetization channels. emily: yahoo! is not the only major tech player to report earnings next week. do you know if we will hear about this on the earnings call? ovide: i cannot imagine they will say anything specific on the earnings call about the number of bidders or if the company will be sold or kept intact or whatever. it's hard to imagine they would say anything like that. emily: how long does the process take? ovide: it's really unclear. the clock is ticking a little bit because they are staring at a shareholder meeting sometime in june or july where an activist shareholder is trying to throw out the entire board. you can imagine a scenario where the board chang

the challenges, yahoo!as a new media company, at this point it is actually more of an old media company. it is the most challenging place to be. and,: you are five years 80 fellows or so have raised $140 million in venture capital. you are getting the commencement speech at hamilton college, what will you say to those graduates? how have your views of education of alt through this process? peter: i have to be careful what i say there. i have never said that there is a one size fits all approach. people mischaracterize my view that everyone should drop out of college and start a company. i do not think everyone should be starting companies. a lot of companies do not work. we did more people to start good companies. i think this -- the sort of super track to dynamic have gotten us to a very bad place where education has become a substitute for thinking about the future and the k-12 system is geared toward college. the problem is, life does not end in college. hopefully you live for a long time after that and

yahoo! news worked rather well and so does yahoo!ports and some others so you're probably not going to see that great content creation in general. the glamorous deals that you saw before. that's pretty much over. >> widely read yesterday. good to talk to you. >> thank you. today's is better around the asian assets. >> thanks kara. appreciate it. we'll talk to you soon. meanwhile, tesla announcing more than 2325,000 people preorderin that car. not bad for a week's work. >> i don't think anybody expected tesla to bling in more than 300,000 reservations in just one week but that's what tesla announced this morning. let's put these numbers into perspective. 325,000 in one week. it slowed down over the last four days which is natural. you didn't have as much media coverage. 49,000 over the last four days. the implied sales if all 325,000 people follow through and actually buy a model 3 it will workout to more than $14 billion. now after one week tesla says it's working on increasing production plans. take that with a grain of salt. we don

yahoo's numbers are out. let's get over to josh lipton with that. >> yahoo just reported. reported 8 cents on gross revenue of $1.09 billion. analysts had be looking for 7 cents on $1.08 billion. just looking through the release here mavens the acronym for mobile, video, native and social, $390 million. search revenue up $492 million. you back out the cost of that revenue which was $144 million. des play revenue 463 million $. the cost of revenue there $83 million. on this conference call what i want to hear more about ceo marissa meyers turn around plan that involves cutting costs and shutting down offices, exiting products, keep investing in some of those potential areas of growth like mobile advertising and of investors also want to hear any color or insight she can give us on that ongoing sales process, that calls starting at 5:00 p.m. eastern. back to you. >> josh, thank you. >>> yahoo shares up about a percent on the news. i want to mention that intel shares will resume trading at 4:20 in ten minutes time. >>> on yahoo, tim see more, some thoughts? >> i don't think w

is not that verizon really expected to be going after yahoo!. yahoo! japan. it's march the who isn't. .t&t and comcast the fact that verizon is going after yahoo!. paul: no it would be crazy. we in that part of the investment process where investment bankers lie. who tried to flush out other bidders by naming these bids to get the word out so people feel they have to bid. this is the way you try to drum up more bidders in the process. it looks like it really has a dearth of bidders. we may even see one of these private equity firms tie up with verizon and be part of the bid. it might even turn into a process with her arms bidders at all. it really doesn't work. a week ago it a story in the wall street journal a ludicrous number. why sit back and thought about it yahoo! has a lot of users. the messaging property. marissa mayer works there. october yet who announced we will be working with google to do some search things. there is a little bit of cynicism out there about how much google can gain from that. i wonder if her eyes and is welly the only bidder here

yahoo!ers have until monday to bid for the company's web operation. the sale comes as the ceo comes under increased pressure. we find out why selling yahoo! may be her best chance to salvage her legacy. >> yahoo! ceo marissa mayer is at a crossroads. she can sell her company now for whatever money she can get or roll the dice on a revival strategy. finding a buyer may be her best chance to salvage her legacy. price alonetock might suggest she has been a success. thanhares traded at less $16 when she took over in 2012 and then reached a high of $52 in 2014 before settling at about $37 in april, but that bump stems from smart investments yahoo! made in two popular asian companies long before she was hired. yahoo! has become unprofitable and its outlook is only getting worse. its financial troubles have sparked fierce debate about how much the company is worth. yahoo! is made up of three parts -- it's asian investments in alibaba and yahoo! japan. depending on tricky value assumptions, the asia

richard: yahoo!n trying to turn itself into a media property in areas like fantasy sports or magazines. roughly 85% of their business is in the americas. it is not really a global business, but it may be a global brand. the question is whether this would be a way for a foreign company to get a hold in the u.s. market. francine: you believe that everyone is looking at it. who has the most to gain from acquiring it? richard: there's a lot of companies that want to take a chance combining it with other assets. verizon bought aol. there was a long-standing view that aol should combine with yahoo! and become a larger collection of assets. and they would be the logical front runner to do that. number ofd be any companies that want to take the search traffic currently being given to google or microsoft and bring that in-house or auction it off. be the right would management for yahoo!? if you were in charge, where would you put you? the main issue is they don't have the seasoned management teams you get in

the yahoo! stake, yahoo! owns about 35% of yahoo! japan valued at $8.5 billion at market value.al that involves both yahoo! japan stake in the yahoo! core business would be well over $10 billion and that makes it a turkey or -- trickier deal. joe: he said google is taking a look. taking a look.s we have learned they are at least interested. there are ties between marissa mayer and google. she came from google and google is in the search business. they know who very well. alix: good stuff, great story. alex sherman. scarlet: the yen climbs to its strongest. what does the doj do next? ♪ you shouldn't have to go far to get the help you're looking for. that's why at xfinity we're opening up more stores closer to you. where you can use all of our latest products and technology. and find out how to get the most out of your service. so when you get home, all you have to do is enjoy it. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. shoshow me more like this.e. show me "previously watched." what's r

yahoo! why yellowpages jumped into the race. will other potential buyers follow suit? netflix ready for worldwide domination again, particularly strategies with overseas markets. their earnings out in just under an hour. new details about a high-tech car in the works at a top-secret facility in germany. is apple moving beyond the iphone? ♪ you are watching bloomberg markets. a quick check on markets. rally.olding on to the we saw a turnaround early this morning based on where crude oil was trading. the dow new the highs of the session, 92 points. the s&p up over .5%, and stick with where oil traded in its own rebound. there you go. thee is oil, just below breakeven mark. now it is time for the bloomberg business flash, some of the biggest business stories. laboratory corp. of america holding talks about a possible deal. corp. is looking to solidify its position as the biggest diagnostic company in the u.s. with the market value of $12.1 billion. former harvard university president larry summ

yahoo!rting earnings tomorrow. of course, we have a lot of bids in for the bid deadline for yahoo! abigail: that is the case. what people are focusing on is preliminary bids are due today. fries and is emerging as the front runner. ng alphabet has dropped away. the companyed that has not given suitors of financial outlook -- a financial outlook for toy 17. price could be a sticking point. marissa mayer is looking for $10 billion. the stock is up on the year for 10% -- by 10%, above the moving average. q so much for setting the scene for us -- thank you so much for setting the scene for us. alix: we want to bring in cory johnson, in new york. we have netflix dropping. is this a fear of earnings? cory: the trade, in terms of how to standard deviations generally, earnings day is the day. after the report comes out, i way it goes.which a lot of it is because of the big changes we have seen. we see them growing internationally. theamount of content on site is coming down. they are also spending a

yahoo!, these reports are kind of a sideshow. cory: it has been a circus there lately. questions be a lot of about what will be left of yahoo!. we hear about offers that are three dollars and four dollars a -- inin value full's cap value. what we have seen from this company consistently is sales have declined and declined so things have been getting worse even though they have spent billions of dollars in .cquisitions the factink about facebook about instagram write about the same time yahoo! bought templer and facebook has been the big winner there. business is yahoos still very much focused on what is going on on the desktop and they haven't gained significant ground in the mobile game. getting the gross margin forecast, the only profitability measure intel provides to investors. is looking for a growth margin of 62%. cap xg back to the forecast and the restructuring, intel is saying in the cap x for the first quarter will be $1.16 billion. that is about half of what analysts were looking

yahoo! assets are valuable? paul: verizon bought aol. yahoo! and aol shared similar businesses. they have problematic advertising technology. the come with a large digital reach. betty: why would they want the objective paul: verizon's plan is to marry data with users. they have 100 million subscribers through wireless environ, you can take the digital data that you get from the users of aol and yahoo!, and marry that with this advertising technology that uses algorithms to show digital advertising, and that was a mobile video product which, her verizon has already introduced, that seems to be the plan, because her businesses are so similar, you can reduce a lot of cost. there is synergy with verizon that you might not get with any other company. i think that's why verizon is taken such a hard look at yahoo!. mark: what can verizon or google dotime or at&t or comcast that marissa mayer could not achieve? paul: the real challenge for any owner of you who is to try to get that core operating business growing, yahoo! has been a business that has seen its revenue decline every year

maybe he will talk about yahoo! ,t is a bidding war for yahoo!the board will toy with verizon, google. we will again talk about that this morning. the morning, everyone. "bloomberg surveillance." thrilled that you are with us. i am tom keene in new york. francine lacqua is in london. the rally of yen is faltering a little bit, but a disclaimer, we are not sure why it is strengthening so much. else is trying to have an explanation for it, so we are just trying to find out. jacob frenkel and nouriel roubini in this hour, and that is called perspective. the real mystery is, what does the japanese government do? first word news -- here is vonnie quinn. vonnie: david cameron is acknowledging he had a stake in a fund set up by his late father six years ago. he has been under intense details in buy interest in the fund. cameron previously said that only he, his wife, and their children hold no offshore accounts now. john kerry is in baghdad at this hour on an unannounced visit, meeting with iraq's prime minister and other top officials. the pentagon say

emily: yahoo! very important to silicon valley and is excepting bids to buy all or part of the company. you said yahoo! is not a tech company anymore. what is the most plausible scenario? peter: it is still a very big media company. i think marissa has done a terrific job there. it's just been incredibly hard company. probably the best one they've ever had. jerry was very good. and then marissa was far and away the best of all of the other people. i think it's in the context of how good marissa was. it is like, well, even marissa can't quite get this restarted. you already have the best person you can get, then the logic is that if it's not working, look at other possibilities. it's a very difficult space where there is always this old media, new media dynamic that is quite tricky. if you are in the old media, you want to be in a place that's really old. doing radio, billboard advertising, or things so far away from new media that there is no competition at all. the parts that are most challenging

yahoo!'e in yahoo! japan which is dollars -- .5 arian valued at $8.5 million, which is no small feat. in terms of becoming a media company, it is a question about what verizon would do with that stake. would they give it to shareholders or sell it? we could address that in the second, but to the first question, i think verizon is moving in another step toward becoming a media company and it would not be the final acquisition. it would merge aol and yahoo! underneath verizon's umbrella. you could put those two companies together and it got a lot of talk. star advocated putting yahoo! and aol together went aol was still an independent company several years ago. yahoo!'s core business itself, we do not know how much it is worth heard me know verizon buys at less than $8 billion, not huge. david: tim armstrong, the head of a well, he's sort of would like to run yahoo! hex: it makes sense why would stick around at verizon when he ran a full and independent company. if you could merge those compani

first round bids for yahoo ar due on monday. we'll see how the opening bell rings in new york today. live near sunnyvale, kiet do, kpix 5. >>> let's check the roads. >> no. liz has nothing going on. [ laughter ] >> actually here's something going on! for the first hour it was really quiet. he's right. now suddenly we have a string of issues on 880. so 880 is our tough spot from san leandro down to fremont. two separate wrecks now both in the southbound direction. i mentioned that earlier one at decoto blocking one lane. another is at auto mall parkway. all this is causing a big backup from 92 past auto mall. around the same time in san leandro, a truck hit a pole northbound 880 at davis street. not much of a delay, not sure about lanes blocked but heads up in that area. bay bridge metering lights are turned on about the usual time a little after 5:30. traffic is slightly lighter than normal. usually they back up to the maze. it's approaching there but not quite yet at 6:04. that's your latest drive to work. here's julie with the

when i turn on the computer it goes directly to yahoo, when i want to get my news, i go to yahoo as wellrizon is the country's largest wireless carrier with 112 million subscribers and analysts say it hopes to combine the vast trove of customer data from smartphones and create a new video and online advertising platform that can give facebook and google a run for the money. bidding ends today for yahoo and its quarterly earnings report comes out tomorrow and then we will clear a clearer sense of how bad the financial situation is at the company tomorrow. we are live in sunnyvale, kiet do, kpix5. >>> the $10 bill may have a different face and we have learned that andrew jackson could be dropped for a woman. >> hena daniels with cbsmoneywatch.com has this story and much more. good morning. >> reporter: good morning. wall street is hoping for another week like last week. the rally continued despite markets closing lower on friday. the dow closed down 28 points, the nasdaq lost seven. >>> oil prices are falling sharply this morning after the world's leading oil producers failed to reach an a

yahoo!opping estimates as the preliminary bids come in for a company selloff. we will tell you what marissa mayer has set about putting yahoo! on the block. from the courts to capitol hill, we speak to the congressman theing the charge striking balance between privacy and national security. intel announces a major restructuring. the biggest chipmaker will cut 12,000 jobs or 11% of its workforce. shares were halted ahead of the report and now down to percent in extended trading. intel announcing stacy smith will move to a new role as head of manufacturing and sales. the company reported sales of just under $14 billion. comes with the pc market on track to decline for the fifth year in a row. how will intel reposition itself? joining me is cory johnson and -- i will start with cory. these are significant job cuts. what are your takeaways? cory: intel has handled acquisitions as well as looking at a changing market. the pc market selloff will not let up and they have to make changes there. loat

like so, i don't work at yahoo! anymore, so there is -- at yahoo!ork anymore, so there is very little i can say about what is happening. i do think there is a core can bes there that fantastic, and it would be wonderful if a telecom provider who would appreciate the assets that sit at yahoo!, the brand, and the iconic nature of the business, who would appreciate that and help foster the business within yahoo! which is really able to grow going forward. emily: melissa meyer has said she could turn the company around if she had more years. do you think it's possible to turn yahoo! around as an independent company? >> there are a lot of really good businesses at yahoo!. i don't work there anymore, but i do think there are a lot of good businesses at yahoo! that are ripe for growth, and you are really seeing the overall growth within the context of yahoo! sales. i hope they have the opportunity to take the good that's there and separated from some of the declining assets, which are in a structural decline and will, over time, be challenging for anyone t

more bad news for yahoo!. the address line that. yahoo!'s earnings did predict that issues but sales fell in the second quarter outlook for deeply. this came as reports say are rising, britain's daily mail and the private investment firm tpg outlining that. yahoo! shares down more than 18% of the past year. look at the chart. nicole: let's take a look at the asian markets. we've been seeing a global market check for you. on the brittany k. in japan squeezes again by two tenths of 1%. hard to shanghai composite index down 2.3%. south korea down a quarter of 1% and hong kong's hang seng down nearly 1%. lauren: there's a sea of red right now. the ftse fuzzy retreating from the format type it landed down 27-point cac down 18 can dax and germany don't 39th. train to prevent the u.s. stock market. dow futures down 44. s&p futures down sixth and nasdaq down 11. a keen eye of course i'm dow component intel under pressure. lauren: let's see how oil and gold are shaking untreated shaping. gold down $3.50 to 1259 spirit nicole: the japanese yen is bac

yahoo!, reports say verizon may be a suitor. >> keeping and i on the markets, a gloomy day -- keeping an eye on the markets, a gloomy day. a stronger yen as well as the earthquake in japan playing on investor sentiment. the nikkei off for a third 3%.ion, off by about the kiwi dollar and aussie dollar taking a beating. i will have more on today's stock movers shortly. yvonne: a quick check -- angie: the lower house of brazil's congress has voted in favor of impeaching the president. parliament as the opposition achieved a two thirds majority it needs to move the process onto the senate. a simple majority will see her suspended while she faces and a peach mike trout. -- while she faces an impeachment trial. ceo stuarttimes says gulliver plans to quit in two years and the bank will first appoint a new chairman to help pick the next chief executive. he took over in 2011 and has scaled back hsbc operations, cut nearly 90,000 jobs under pressure from unhappy shareholders. stocks have fallen about

emily: will yahoo! survive? steve: i hope so. great innovators in the late stage of the first wave. i hope they continue to be a leader. it depends on what decision they make and leading into the future rather than focusing on the past. emily: steve case, revolution ceo. cofounder of aol. always great to have you here. in our new series hello world, bloomberg takes a fresh look at the explosion of technology around the world. sweden has the highest number of per capita unicorns. startups valued at $1 billion or more. one of the most famous exports is spotify. >> you have to set off on the path of doing tech and music. you had to learn to play music. i got a guitar when i was about three or four. the computer was when i was five. for me it was all about games. just fun playing. how hard would it be to try to fix the games. so i started coding games. i never had a normal job. when i grew up i didn't realize how you make money. starting something yourself, that was just a totally foreign concept. >> aside from silicon valley, sweden

this is why this makes it even more interesting, not just yahoo! yahoo!s bing, microsoft search technology on the back end. they've got a content and ad sharing partnership. don't know what would happen if google wanted to come in there but you wonder if this could force microsoft's hand as well, force them to take a closer look at yahoo! >> why would they bother? because they've already got the relationship. >> but if that was to be broken up by this -- >> if you like the relationship and someone is like i'm going to take you away, maybe you'll jump in. >> the other reason the bids might be filtering in, not just the re/code article but the bids are due on monday. there's an element of time here with the bid. >> the buyers have to get in before there's no revenue left. >> that would be the reporting lately has been that it has been -- >> that was a little snarky. >> broader check on the markets, s&p 500 sitting at session lows right now as we enter the final hour of trade financials the worst performing sector today. >> thanks so much for watching "power

cenario for yahoo! case isthink the best that kind of dismemberment. i think yahoo!ing held for ransom in a sense. people say they have to buy this pile of stuff and go out and retail a bunch of pieces of it. so i'm going to be lower than you think i should. it is kind of like he used car problem. that was bored to knows this and star board knows it. they are saying made we can make the margin ourselves rather than selling it at a lower price to a bitter. emily: when we hear more brian? the next fight will be coming up a shareholders meeting in june. we can look at what happens. there's a lot of stuff on the table. is more of a spring in the step of some investors now. emily: could this take through the end of the year. brian: could be sooner than that. because it is not we never know for sure. emily: thank you both. intimate, and conversation with the young computing ways who grew up to master the music industry. spotify's ceo tells us what is it like to be a tech celebrity in sweden. more of bloomberg west coming up next. ♪ mark: former u.s. house speaker dennis ha

the cover story is about yahoo! davidthe cover story is about yahoo! with bids being tendered : and people are looking at the tenure of marissa mayer's. what is the story about? >> the story looks at all the pressure on yahoo! and whether the ceo could have fixed it. yahoo! is an old tech company as silicon valley goes. it has a ton of problems and a lot of its value lies in its stake in ali baba which will probably spun off in one way or another and there are tax problems associated with doing a full-fledged spinoff. could she have fixed this company? she is focused on reading new products but it has not really made a dent on it problems. david: carol massar talked about that story. >> yahoo! with nine thousand employees and services, it the way that you and me and our parents get on the internet. that is one part of the company and then there is another part of the company that has a stock portfolio and that stock folio by its they'll is worth more than the entire market value of of yao -- of ya who -- hoo! investors have lost confidence ceo marissa

alex: i think it gets to yahoo!'s problem.p sees it as a big digital advertising company but they also own a lot of other stuff and some of that can be monetized through advertising and some of it can't. lisa: thank you so much for joining us. let's head to our markets desk where julie hyman has a check on commodities. julie: cotton is not one we talk about often but it's set to have its biggest one-day gain since going back to october. india, china and texas are the reasons. india's marchn of data signals that it would be bullish for cotton and china plans to sell high-quality cotton from stockpiles. and there has been all this rain and flooding in texas which could push back the beginning of the cotton planning season -- cotton planting season. analysts, they are up by 2% and at the highest going back to august. here is the soybean futures and how they are trading today. futures trading higher. for the la nina pattern this year. soybeans climbing to the highest has been more than here. not only are you seeing the price go up

the financial situation at yahoo is dire. now, ceo marissa mayer's efforts to reboot the company into a content provider by launching a video web service portal fell flat and stock was down 20% this year. if the acquisition by verizon goes through, verizon would replace mayer with top executives from aol. and if mayer is ousted, she could end up with a severance package worth $110 million. google was reportedly also interested but only mainly as a way to gobble up the audience and block out any rivals. after all this reporting about yahoo's potential sale, the stock police fell by .49, dropping 1.34% and ending the day at 36.17. first round bids for yahoo ar due on monday. >>> we'll learn how csa officials and unions reached a deal. they will announce the terms of the salary agreement. the pay increase they settled on will affect 26,000 professors, coaches and other staff across 23 different csu campuses. initially the union pushed for 5% increase the university willing to give 2%. >>> book retailer barnes & noble will lay of

and yahoo!efore linkedin cofounder reid hoffman made him a proposition to help run the professional social network he started. it was a match made in silicon valley heaven. weiner became the ceo he never expected to be and hoffman stayed on as chairman. linkedin now has over 400 million members in 200 countries but faces its biggest challenge yet. so big, jeff weiner donated his own $14 million stock bonus to his employees. joining me today on "studio 1.0," linkedin ceo jeff weiner. thank you so much for being here. it is great to have you. we will start with the elephant in the room. after the first quarter earnings report, stocks plummeted 40+%. it still has not recovered. is the magnitude of that market reaction fair? jeff: you know, who's to say whether or not it is fair. that's a market. that's what markets do. they determine the day-to-day price. we threw our execution will determine long-term value. i think it was a surprise. we were not expecting that kind of response. when you look at t

yahoo!arboard. they are on fire, today. if we can get yahoo! up behind me and we can pull it up -- 11 members after this meeting, lee scott and sue james are the two incumbents who will not jeff for reelection, but smith is going to join the strategic review committee. the other new directors include from hardin stein, hill and smith. i'm reading the headlines and hopefully david and john have a chance to go through this relief, but you can see in the price action, yahoo! of 1% in the free market. -- in the free market. we just had morel technologies -- marble technologies -- marvel technologies -- you had this activist investor -- although as john has pointed out many times, star board does not have a huge stake. it's like 0.75%. they have a very small stake in yahoo! me.%, i never fail to amaze [laughter] the board at a time when he is selling the company, how public it'd is that? david: they have to be connected. they're going through the process of reviewing the bids and deciding who to

emily: would you like to see yahoo! in the family at verizon? ms. huffington: absolutely, it provides us a bigger playground. emily: how have you liked working with tim armstrong, the ceo of aol, and do you buy into the idea to build a media and advertising giant that could compete with google and facebook? ms. huffington: well, first of all, tim and i have now worked together for five years. he bought "the huffington post" in 2011. which if you think of it, it was a visionary act. the shareholders panicked. they thought it was a foolhardy move. aol received two bids while they were negotiating with verizon to buy "the huffington post" for $1 billion. clearly, he bought it for $350 million. so already, in what was then four years, he had an asset that , because he invested in us, had become significantly more valuable. he really backed me up when i want to take "the huffington post" around the world. it was really fantastic from our first trip together a couple of months after the acquisition in london. we announced we would be expanding in the u.k.

yahoo! would fit very well in the strategy. there is competition.there is software and maybe google so we will see what , happens. emily: what are the synergies you see with verizon and the huffington post? ms. huffington: verizon has huge distribution potential for us, especially since we are moving more and more into video. they have launched go 90 which is their mobile video play and has produced and paid for great content from many providers. us,his is fantastic for because it gives us great distribution. emily: what do you think about a wirelessidea of company getting into content? it is not just verizon or at&t. it's an interesting new world. ms. huffington: i think it's a smart move. the world is changing. it is really the innovator's dilemma that if you don't change fast enough because you are a big, successful company, like verizon is, then in a sense, if "the new york times" had changed early enough when it came to digital technology, there would be no room for "the huffington post." emily: there has been intense scrutiny on marissa mayer'

when you look at yahoo!t has a lot going -- a lot of high-quality content, one billion monthly average users. when it does not have is the growth story. they operate in a business, internet advertising, which year, but yahoo! has been declining several years. they have lost share to a lot of the competitors like google and facebook and investors are losing space. scarlet: which is why we are talking about splitting it up into different pieces. there is a great column today talking about how yahoo! is like three different pieces, and the biggest piece is getting rid of this alibaba state without incurring a massive tax. how do they accomplished that? >> well, it avoids the question immediately. if you hold onto it, you don't have to deal with the tax perspective. the original plan was to spin it off in a tax the way, and then the irs said we are basically not going to let you do this. this is sort of plan b. at least allow us to hold on to the state, and then we will deal with whether or not we want to keep i

whether it's yahoo! make that transition. >> but that train on verizon left the station a long time ago and he's doing a good job and the wireless play exceeds what you're getting. >> so verizon stock at $52 we own a lot of it and it's cheap and it had a great move along with some of the companies in that area. >> the ceo has been replaced as sumner red stone's decision maker. he is the second largest shareholder behind mr. red stone in the voting shares. what's your view on that side of the story first. >> the only thing we objected to is not disclosing the health of sumner when we knew what was really going on and to the degree that you have to bring them into what josh described as the individualal age will he be able to do that. it's the same question as to who is going to replace iger. so that's a dynamic in play. it is nice to talk about. it's the air pocket are we guards to the negotiations and do they command the money that they're getting and should they carry them all? it could be a major surpr

earlier, bloomberg reported a wall units are working on a yahoo! units that would include yahoo!apan. osborne has come out with the treasury analysis that says leaving the eu would shrink the british economy 6% by 2030. the report warns the damage to the economy would be permanent because lower trade and investments. says taxing director evasion and the use of shell companies is a crucial challenge. the imf meetings, she says companies -- countries must think outside the box. earlier this month, leaked documents showed how some of the world's richest are hiding their assets. david: dilma rousseff is hanging on by a thread is the lower house voted in favor of impeachment yesterday, setting the road to the present -- to the senate. they are hoping the vice president can help whole brazil's economy out of the downturn if he steps in. for more, we have richard clarida with us. richard: the outperformance has been really incredible. this is the benchmark equity index, up 23% year to date. if your dollar investor, it's a better proposition. up 32% year to date. the realities the strong

francine: yahoo!ed to sell before and never succeeded but this time it's for real. >> no one knows until the incas dry, but it does look -- until ink is dry. most of the share will have to be bought back by alibaba. there is a stake in yahoo! japan in the core web business, what you are i would have experienced. a question of sorting out all those pieces in finding a price everyone can agree on, but it looks like this deal will get done. francine: at the same time, we were raising eyebrows when we heard about "the daily mail" being interested. it's not completely improbable, because it does give them access to that u.s. market, which is externally difficult to penetrate. >> absolutely. and something that is amazing about yahoo! is how many people visit these sites. ; i am always astonished when i see the figures they have hundreds of millions of monthly users. that is a lot of eyeballs, and the trend is very much toward scale. you want big so you can get the attention of advertisers and people paying

cany: do you think yahoo! be revitalized with new leadership? ms.uffington: one of the great advantages of yahoo! is it is a hybrid. platform and it owns tumbler which is an incredible asset. more and more people want to express their views it more than 140 characters. you have an incredible toortunity to use tumbler allow people to use it as a native advertising place. we see this is for us definitely, one of the most important monetization channels. our relationship with goldman brandshich art different -- which are different brands, are create sections that one of the things of native advertising. emily: would you like to see yahoo! in the family at verizon? ms. huffington: absolutely, it provides us a bigger playground. emily: how have you liked working with tim armstrong and it do you buy into the idea to build a media and advertising giant that could compete wi google and facebook question mark ms. huffington:tim and i have now worked together for five years. inbought the huffington post 2011. it was a visionary act if you think about it. the

a possible new bid emerging for yahoo!.y mail is in early talks to make a deal. >>> earnings season will be kicking off. we'll take a closer look at the expectations for the big banks that are set to report this week. >>> and as it sometimes happens at the masters, an epic meltdown by jordan spieth. this time, it sort of overshadows and takes the thunder away from the champ, englishman danny willett has the green jacket this morning. it's monday, april 11th, 2016, "squawk box" begins right now. ♪ hello darkness my old friend i've come to talk with you again ♪ >> announcer: live from new york where business never sleeps, this is "squawk box." ♪ >>> good morning, welcome to "squawk box" right here. i'm andrew ross sorkin. becky's got indicate off. u.s. equity futures at this hour. dow jones looking like to open 52 points higher. s&p 500 looking to open 6.5% higher. nasdaq looking to open about 20 points higher. in asia, stocks rallied. the young yen on nikkei closed color. let's tell you what's going none europe. came up a li