actually users of yahoo were hurt by that.f odd themed photo shoots and that cost $70,000. and embarrassed everyone but her. she also tried to glamorize herself, in 2013 she did a photo shoot for the fashion magazine, vogue. morale at the magazine was poor. she allegedly refused to sign because they didn't have a college degree. a lawsuit accused her of discriminating against men. in short, it was a gigantic disaster from start to finish. the core business will be bought by verizon in a month from now for less than $5 billion. it was once worth more than $100 billion. it must be harmful for mayer, right? she collected $239 million in compensation. at $900,000 every week. to spend it wrecking company. it tells you a lot about america in 2017. what a shame. we are back tomorrow. bye for now. >> jesse: hello, everybody. i'm jesse watters. it's 9:00 in new york city and this is "the five" ." with just 13 hours away from one of the most highly anticipated senate hearings in recent memory. tomorrow, former fbi director james comey w

yahoo shareholders will be left with a new firm which will hold 60 billion in yahoo andally baba if japana? you will pay a lot of money for that. >> this is an investment company. it will insist of cash and ali baba. it will make yahoo a good tail for tack cuts. there is an embedded liability. these steaks stakes down at a low cost. >> it's got to be phosphating to see how that plays out. >> you will often have to strak the spread. >> and the volatility in the stock depending on what they end up doing or not doing. >> i was getting kicked out. they are buying back the stock to soak up that supply. >> a lot of financial engineering going on. >> have a good evening. >> thank you, pleasure. >> yes, we we heard all the tweets yes like it's 1989 all over again back towing again. we'll be on "nightly business report" tonight as well. >> that does it for closing bell. "fast money" begins right now. >> "fast money" starts right now with breaking news. we are all over the two big stories at this moment t. polls closing for the uk election just now and former fbi director james comey with explosive

yahoo shareholders signed off on this sale on thursday and verizon plans to merge yahoo and aol. a source said that after the deal closes, verizon intends to lay off 2100 people, 15% of the staff at yahoo and aol and they predict the sale will close this week. >>> the time is 5:08 and 18 members of a frat at penn state will be in court. they face charges on the tragic death of a pledge. >>> a major effort to repair storm damaged roads will begin in one bay area city today. >>> sure, it may be a little cool outside. good morning, everyone. come -- good morning, everyone. we are tracking cool weather. most notably, the day we will hit triple digits. >>> no delays at the golden gate bridge. we are tracking some slowdowns. are there part of your morning commute? find out, coming up. >>> a majestic forest is dying. >> the drought created a perfect environmental storm that left the trees stressed and defenseless. >> the towering victims of bark beetles. tiny insects that cause lethal damage and raise the risk of wildfires. >> the death of the trees has a major effect and well, for deca

yahoo! stock gained today as did most stocks. yahoo!ed five points and indeed gained 24. >>> the golden state warriors have captured the hearts of the nation. >> and in china. >> reporter: in chinatown, san francisco, fans don't have to look far for a sense of warriors' pride. >> i have a display in the window and they come in and ask. >> reporter: we love golden state but dub nation extends across the pacific, especially in china, a country that likes to win. >> we're a west coast team, a 7:00 start is 10:00 in the morning better than an east coast team. >> reporter: they seem to be more relatable to the chinese cording to the international producer, howard chen. >> if they're not inclined, there's hope for them. if they practice, they could maybe like steph curry. he's like a symbol for hope. >> reporter: an internet company that creates content for the market. >> the percentage of people that are nba fans in china is more than half the population of people in this states. it's because there's a lot of people in china. that's what it

yahoo! stock gained today as did most stocks. yahoo! added five points and indeed gained 24. >>> the golden state warriors have captured the hearts of the nation. >> and in china. >> reporter: in chinatown, san francisco, fans don't have to look far for a sense of warriors' pride. >> i have a display in the window and they come in and ask. >> reporter: we love golden state but dub nation extends across the pacific, especially in china, a country that likes to win. >> we're a west coast team, a 7:00 start is 10:00 in the morning better than an east coast team. >> reporter: they seem to be more relatable to the chinese cording to the international producer, howard chen. >> if they're not inclined, there's hope for them. if they practice, they could maybe like steph curry. he's like a symbol for hope. >> reporter: an internet company that creates content for the market. >> the percentage of people that are nba fans in china is more than half the population of people in this states. it's because there's a lot of people in china. that's what

yahoo is bought up in a multi billion dollar deal. coming up in business. >> graduating senior from delaware gets a mini commencement ceremony right in his own home. the story is up next. >> ♪ cellular, cascade, sheer pleated, allure. nothing wrong with your windows new shades wouldn't cure. summer sun's here, it's time to begin. a beautiful home, it shines from within. at 25% off, the savings are rife. blinds to go. blinds for life. ♪ ♪ itmiss hoffman gets usle to mathere safe every time. mrs. migliaccio teaches us all about fractions - and haikus - and the erie canal! miss reeves makes us sound amazing. and miss santoro always takes time to see how we're doing. miss simpkins keeps our school looking great. recess wouldn't be recess without miss basile. and mrs. mccarthy always has tons of good books to read. which makes for a pretty good day at school. ♪ ♪ ♪ the day's looking new and bright, ♪ ♪ and you're gonna start it right, ♪ ♪ the best part of wakin' up is folgers ♪ ♪ in your cup. this haircolor new feria metallics by l'oreal.

. >> it the yahoo's last day.s expected to approve the company's sale to verizon. >> finally happening. scott mcgrew, that means layoffs. >> reporter: it does and we expected it and at yahoo they expected it. lots of people have been looking for work. cnbc estimates the cuts will be around a thousand jobs from the combined companies, some from yahoo, some from verizon. yahoo has been a silicon valley fixture since it was founded in 1994 as jerry and david's guide to the worldwide web. this is a defeat for marisa meyer because she failed to get it sold. analyst believe that verizon paid way too much so in this says meyer is the best thing that could have happened to yahoo investors. uber in trouble again. the head of uber's efforts in india was fired after it was revealed he obtained the medical records of a woman who said had been rained by an uber driver in india. our sister blog recode was the first to report that eric alexander showed the medical records of the woman to uber's ceo and uber vice president emile

and marissa meyer is yahoo ceo is what that is supposed to say.sa meyer is stepping down part of the deal is verizon renaming yahoo as altaba incorporatesed. the deal was announced last july. the deal was to assess the fallout from two data breaches yahoo >> sears cust 400 full time jobs most which are at corporate office in illinois. they are closing hundreds of storms for helping stores. and included in 1.25 billion cost cutting plan unveiled earlier this year. >> food and drug administration delayed deadline for revamped food lines that enlarge kolry counts. the plan scheduled to go into effect vul jewel 26 next year will be pushed back. company with annual food sales of less than 10 million were given an extra to comply. that comes from trade group requests for new time. no new state is set. >> more that half mid sized suvs were found to have unsafe headlights. they did not light up the world far enough for up coming drivers and ago tested 3 received good ratings. >>> 5:25 the time now. this is our transition day. right, mike? >> yes, it absol

yahoo news reported that yesterday, late night in fact, unknown to the public at the time, top trump officials almost as soon as they took office tasked state department staffers with developing proposals for the lifting of economic sanctions, including the return of diplomatic compounds and other steps to relieve tensions with moscow. investigators are trying to figure out what that all adds up to. president trump fired the man leading that investigation, james comey. then he proceeded to threaten, mock, and humiliate him. next week james comey will have his chance to respond when he testifies before the senate intelligence committee. it's going to be a blockbuster moment. meanwhile, vladimir putin today is speaking out there in a brand-new interview with nbc's megyn kelly and denying russia's role in the hacking. here he goes. >> you had said for months that russia had nothing to do with the interference in the american election, and then this week you floated the idea of patriotic hackers doing it. why the change? >> translator: well, i hadn't said anything. it's just that french

verizon completes its deal to buy yahoo! for $4.5 billion. it combines with aol. yahoo! she will get a $23 million severance package on her way out. love those golden parachutes. >>> "early start" continues right now. more on our breaking news out of london. >> to suggest that i participated in any collusion is an appalling and detestable lie. i am not stonewalled. i recuse myself from any investigation into the campaign for president. but i did not recuse myself from defending my honor against scurrilous and false allegations. why don't you tell me? there are none senator wyden. there are none. >> certainly was a testy day on capitol hill. a defensive jeff sessions denies any collusion with russia. >> welcome back to "early start," everybody. this wednesday morning. i'm christine romans. >> i'm brdave briggs. >>> firefighters battling a blaze that consumed a 24 story apartment building in west london. authorities being tight lipped saying only there have been a number of fatalities. the cause of the fire still not known. cnn is on the scene. we'll go live shortly. >> le

sale ends yahoo!'istory as a publicly traded ds year reign of ceo who is not joining verizon but will leave with aout. h verizon won'ting getting yahoo!'s prize stakes in alley bab ba group or yahoo! japan. those belongs to a newly formed company. >> califor a newni staateas budget, more than two weeks before the end of the june deadline. this follows governor brown and steat agreeing on a schoolsinla and social services. they are set to vote on the budget thursday. it is expected to pass because democrats hold a majority in both houses. and governor brown is also a democrat. >> this should be interesting. today we get r of aou important piece of coast guard history. utter sits off eyes on thisn ic the ocean on the california coast. thanks to technology, no longer forgotten. kristen sze is here with mks th santa barbara county coast. today exactly the san francisco-based cutter mccull facirst discovered last october. 300 feet below the surface, raite anemane cover it bow. pid fire gun, one of four on t

. >>> yahoo!marissa mayer walking away with a hefty severance. there's a new essence in new herbal essences it's bio:renew a blend of sea kelp, aloe and antioxidants that help bring your hair back to life. new herbal essences. let life in. i love how usaa gives me the and the security just like the marines did. at one point, i did change to a different company with car insurance, and i was not happy with the customer service. we have switched back over and we feel like we're back home now. the process through usaa is so effortless, that you feel like you're a part of the family. i love that i can pass the membership to my children, and that they can be protected. we're the williams family, and we're usaa members for life. call usaa today to talk about your insurance needs. [vo] what made secretariat the grwho ever lived?e of course he was strong... ...intelligent. ...explosive. but the true secret to his perfection... was a heart, twice the size of an average horse. tthat's why at comcast,t to be

. >>> verizon is one step closer to buying sunnyvale-based yahoo. today yahoo shareholders voted to approve the nearly $4.5 billion sale. yahoo has been struggling in its fight to stay relevant and it was hit with a huge data breach last year. yahoo expects that sale to chose next week. >>> new at 6:00 the san jose landmark is closing. wings chinese is the city's oldest restaurant. kpix 5's kiet do with more on why the owners are closing up shop. >> reporter: it has survived the great depression and the great recession. tech booms an busts. real estate bubbles and crashes. but wings chinese restaurant in san jose's japantown proved no match for the new economy. and so in just three weeks, the city's oldest full service restaurant will close. through the '30s, '40s, '50s and beyond, how did it survive for 92 years? perhaps it's the lightning fast no-frills service. maybe it's the old school private booths and throwback decorations. it's not fancy. it doesn't try to be. >> it's a big loss for san jose because i think we need have some of the things th

. >>> plus thousands of jobs on the chopping block as verizon prepares to merge with yahoo. details on plans to lay off 15% of yahoo's workforce at 6:00. [ birds chirping ] [ inhales, exhales ] [ announcer ] cigarettes are not just dangerous when they're smoked. [ rat squeaking ] they're dangerous long after. cigarette butts are toxic. they release chemicals that poison our water... and harm wildlife. and millions... are polluting our environment. [ sniffing ] [ seagulls squawking ] >>> a troubling discovery in fremont has some parents checking with their healthcare providers. >> a student at cabrillo elementary found a diabetic lancet. what that child did with that medical instrument is now causing concern. ktvu's south bay reporter jesse gary live with more on what happened. jesse. >> reporter: school officials say this involves a second grader and a third grader, one of whom found the lancet outside school out on the ground, picked it up, carried it inside school. a teacher confiscated it. you think that's the end of the story. nope. the story developed into something muc

some from yahoo! some from verizon. yahoo has been a silicon valley fixture since it was founded in 1994 and jerry and david guide to the worldwide web. now is this a defeat for marisa meyer. she failed to turn the company around but she was instrumental in getting it sold. many analysts will tell you they think verizon paid way too much for a struggling company that's facing huge security problems so in that sense mier is the best thing that could have happened to investors. >>> uber in trouble again. the head of uber's efforts in india has been fired after it was revealed he obtained the medical records of a woman who said she was raped by an uber driver in india. our sister blog recode was the first to report that eric alexander showed those medical records to uber's ceo and to uber vice president emile michael a year ago. uber has been on a firing spree trying to get rid of bad apples that have come to define that company. wall street will be watching the comey hearings and the election in great britain. we think we

verizon is preparing to combine yahoo and aol and is planning to down size the company by 15%. that means about 2100 jobs will be cut. the final vote comes about a year after the acquisition was first announced. the deal is expected to close on tuesday. >>> exit polls are predicting a loss for the british prime minister's conservative party in today's u.k. election. teresa may called for the vote. she hoped to build on the brexit election. but much of the campaign focused on reports that may had lost hundreds of jobs. >> serving in government is a honor but a great responsibility, and that responsibility is greater now than it ever has been because our country is facing great challenges. >> there are reports tonight that the conservative party will drop from 330 sites in parliament to 3 14. that's a dozen seats short of a play jour tee. brexit negotiations begin in about two weeks. >>> the highway patrol in the sky. up next, we look up, way up, at how the chp is keeping not only our roads safe. >>> and we're tracking the showers that are lingering out there. up in the mountains

right now michael isikoff works at yahoo! news. they are lucky to have him.est report today is that this president, this current president, has an unusual problem that other modern presidents have not had. isikoff reports today that the top lawyers and the top law firms in washington, d.c., are all turning the president down as he seeks outside private counsel to represent him in his big scandal. as the russia investigation circles him and expands and gets more serious by the day. joining us now is michael isikoff, chief investigative correspondent for yahoo! news. nice to see you tonight. thanks for being here. >> thanks for the kind words from one of the great cable hosts of our time. >> that's a much smaller thing to win, but i appreciate it. let me ask you first of all about -- i think the kind of scope of the impact of what you're reporting, when you look at this historically, lots of presidents have had a need for outside counsel for scandals large and small. presidents have engaged outside lawyers. it seems to me looking at this historically of whether

tumbler and yahoo sports and finance.er will not remain with the combined company taking a $23 million severance package which i'm sure we're going to talk about. in the meantime we want to welcome tim armstrong. the former aol ceo now today officially as of yesterday officially the ceo. >> good to see you guys. >> we're going to see you on the day within moments of the official closing but it's good to see you today tell us what has happened. so what is actually happening in the past 24 hours? >> sure, so yesterday i was in california, monday in boston, yesterday in california, the last couple days in california and we're basically putting the companies together so the deal closed you have the formation of yahoo plus all the aol brand, housed inside of verizon. you have a billion consumers one of the largest mobile companies in the world and we basically, trying to get the clarity to our job impacts happening this week so we're basically focused on that this week next week we're in france for major advertising and then a

look, there were a lot of people trashing yahoo!i was there about they don't talk to, only old people use yahoo!. the truth was when you looked at the metrics in 2012, as many people of a millennial generation were on facebook. there were more millennials on facebook, but they don't engage with facebook at the time amount of time that millennials do on snap chat. so all i'm saying is if snap chat can find its operating leverage, give it some time. nobody killed mark zucker werg in the first year. the stock came down. i like this for what it means to this this generation >> i see the comparison from a trader's point of view to snap that's the same. i think the user growth at facebook b still accelerated during that 18 month, 12 month period we'll see what the user numbers are. that's great point that said, twitter is a different company. it's a one dimensional company it really is it's done one thing. they got all excited, released a tweak to the interface yesterday which was meaningless and users killed them on it. it's a one dimens

he was a former board member of yahoo! and former president of mtv network.me of these trends we are seeing. the shift for cord cutting is well and truly on. who are going to be the winners? michael: you haven't even begun to mention the names of all the other people who are now focused on digital video. facebook is going to produce shows. you've got buzzfeed, which is also producing shows. fusion media group, part of univision, is producing online shows. nbc with left field. we have a large number of companies who you would have said weren't on the web before, and they are now creating television and shows that will be not just on their own platforms, but on facebook, instagram, twitter. and so, why are they doing this? because the name of the game in the internet is engagement, and video leads to engagement. caroline: i'm fascinated in particular by the $450 million fundraising by vice. which revenue model wins out here? is it subscription-based? we look at vice with the advertising. they are managing to woo in advertisers, despite the viewing figures not l

that is 15% of the staff at yahoo and aol. yahoo expects the steel close this week. >>> commuters in the south bay will need pack patience this week. a big storm repair job starts tomorrow along highway 17. kiet do sent us sky drone 5 to show us the trouble spots. >> reporter: the view from sky drone 5 shows caltrains had its work out out for it. this was the scene of highway 17's most dramatic mudslide that swallowed up a news van. one example of how weeks of torrential rain and debris damaged the asphalt. and so with construction materials in place and electronic signs up and running caltrans will begin emergency paving work started monday. they warned to drivers long delays expected. >> sounds like it will be rough. it already is rough with two lanes. >> reporter: first up is the southbound stretch, the number two will be shut down between 7:30 a.m. and 2:00 p.m. monday through thursday. it will happen after the morning rush hour in the counter commute direction. next is up simms road. crews will shut down the southbound nu

yahoo approved the $5.4 billion deal. yahoo and aol will form a new company called host.izon is expected to layoff 2100 employees. >>> amazon had an unusual glitch this week while shoppers were using the site own wednesday. they were told there was a problem, it is message stated sorry something went wrong on our end, and then the page showed an image of the dog. the company has not said what caused the dplich what was cleared up -- glitch which was cleared up. >>> a north carolina high school is heading to one of the most prestigious schools in the country after being homeless. megan and her family were evicted from their home it was midnight before they would find a place to sleep. she found inspiration anywhere she could to stay motivated. she is graduating at the top of her class with a 5.25gpa congratulations, and she has accepted to stanford university. >> i was chaotic outside the school, in school everything was under control everything i wanted to do was my choice, i let that empower me. >> congratulations to you meghan. you will go far. she plans to major in eng