The bad news for yahoo is that the 4. 8 billion deal between yahoo and verizon may be on life support at this hour. Bloomberg is reporting that verizon is trying to negotiate a price cut or even an outright exit from the deal. Maybe they want out and yahoo taking the potential rejection very badly. It is down more than 5 after it announced it had the biggest hack in internet history. More than one billion users compromised. We have a fox business exclusive with cofounder of aol, steve case, were going to ask him if he were the ceo of verizon, now knowing what he knows about all the yahoo breaches, would he get out with his jacket still on . And is part of this verizons fault . Steve case in a fox business exclusive. Plus, mystery in the motor city at this hour. General motors hastily calls a News Conference but the auto giant wont say what its about. Will ceo and chairman mary barra say her company is officially at war with china or Reveal Technology that could disrupt the entire indus
Anna warm welcome to bloomberg daybreak. Manus a whole host of markets are trying to understand what date one of the most trunk, the reality of policymaking in the white house, might mean. 2 trillion has been added to the equity markets. Volatility and treasuries, volatility in a number of markets. Has is the s p 500 and it been a moments. Of time since we have seen any move beyond 1 . That is what this is actually telling us. It is not move more than 1 of since october of last year. The volatility index is in a two and a half year low. Sustain inndwidth terms of momentum . Good for equities . Throwing away from trade agreements, what are the repercussions for the world . Anna were questioning all of these trades. When are we going to see the bottom follow these equities trades . Keep an eye on the suspect will be weaker. Breaking news from philip this morning, when poor numbers to come through. So far they are telling us to new Supervisory Board members. They are reshuffling things. L
Welcome in this morning. Were live at the mobile World Congress in barcelona. The dow is almost exactly unchanged ahead of a big night for the president tonight. Laying out his plan for the budget, defense spending, reaching 3 growth, something that has not been done since before the recession. Good morning. When you say all of that there is a real legislative log jam building here. You get a sense from the president that he is really wrestling with some of the grim realities of governing in a town that is so deeply divided. Here is what he said about his spending initiatives. I think the money will come from a revved up economy. You look at the numbers were doing, were gdp of a little more than 1 . If i can get that up to 3 or maybe more, we have a whole different ball game. Its a whole different ball game, and thats what were looking to do. He also expressed frustration with the complexity of health care reform. Here is what he said. Health care is a very complex subject. If you do i
What we have learned is that this person was trying to cross the lanes of westbound 580 just west of interstate 80 and that person was struck by several cars and ultimately was killed here at the scene. You can see all of the lanes of traffic are stopped no traffic is getting through. And ultimately trying to get over to the bridge here on westbound 580 chp is still investigating the corner can just a short time ago and removed the bodies of this person who was killed. This happened about 4 30 am and initially people called 911 to report what they had thought was a deer in the road. Officers arrived and they found the victim dead here at the scene. Chp says it appears that this person was a transient who is trying to cross the lane when they were hit by several cars. None of the drivers remained at the scene. They say that it is not entirely uncommon to have people walking along freeways in the bay area. Unfortunately not we have the we see several calls a day of pedestrians walking on
Solomon, happy fathers day to all of the dads out there, lets sends it out to one of our our favorite fathers, justin, first fathers day, because the little one also turning one. A year old, exciting. Nice forecast for the week. Of course, had to do it. Of course, you somehow make it word. I know what i am talking about here today beautiful, sunny, warm, up to 90 degrees, humidity stays low, the next few days start to feel more like summer conditions, right on schedule, tomorrow off i shall marks the start of astronomical summer 6 34 in the evening. Warm willing up pleasant start, temperatures lower 60s earlier, now up to 70 degrees in the sunshine, with some high thin serous clouds out there right now. Winds has shifted direction now, out of the southwest at about 9 miles per hour, and it is that winds that will help bring in some warmer air today. So up to 70 already in allentown, 71 reading, look at that, mount pocono, already in the upper 60s, low 70s at the shore. Seventyfour in p