Korea and will succeed Philip Breedlove this june. Angela merkel faces a big test sunday after her campaign focused on her open borders policy, three german states will hold elections. Even if her first and democrats lose all three votes chancellor merkel is not expected to resign. Mourners remembered the former first Lady Nancy Reagan today. She was buried next to her husband in california. From new york, i am mark crumpton. Bloomberg west is next. Emily coming up, a watershed moment for Marissa Mayer. Yahoo s ceo admits plums with the turnaround and more explicitly entertains a sale. We will break it down. Realignment in the auto sector as ford spins out its mobility unit and gm continues its acquisitions pre. Well have the latest. Internet visionary and napster cofounder sean parker speaks to me about life, love, and his next act. Marissa mayer talks about the future of the yahoo in her place in it. She faces increasing rusher but promises to do what is best for shareholders including perhaps selling the core internet business. She opened up about the rocky road that lies ahead. I can see how it would work and how we can get to the successful turnaround. It is about our users and it is about our employees and what is happening with all of them. I certainly hope that our services are here year from now and they run even better. I can see that should easily be the outcome. We have a Terrific Team and i hope they are allowed to continue on to do the good work. We are going to look at all possible strategic alternatives. I and confident we will have the right one. Charlie if you have reached out to people to ask for, look at the position we are in and what is the best way to go, you are seeking advice from a crosssection of people in Silicon Valley and the financial community. Say this is the challenge we have and this is my plan, what do you think question arc do you think . Hours our situation is complicated. Charlie what do you mean . It is complicated in itself and you look at the stake in ali baba, we have a joint stake in australia. When you look at the elements of our business it is a complicated basin when you look at how can we maximize the value that is recognized by all the different pieces it is complicated. In order to sell off a spinoff of the alibaba assets, who would have to sign on to do that . One of the things is our basis in alibaba, that prices relatively low. We bought it for 1 billion. It went on to multiply to a tremendous return. And so given that there is a lot large path of viability, there are various ways to address it. It is tied closely to the value of alibaba overall. Basically the thought is there is more Tax Liability introduced i spinning out alibaba then on the reverse. The company we built is higher and there is a higher Tax Liability. We see their challenges. And my view is i having lots of different viewpoints on the issue is helpful. We take all that and engage with them. We engage with our shareholders and integrate that to the best of our ability to find the right path forward. Emily so what is the likelihood she can keep her job even if the struggling webyour changes hands . Joining me now from new york. You wrote a great face about yahoo pointing new appointing new Board Members. You called it dangerous boardroom jujitsu. What do you make of her comments about activist investors . A think she says what she has to say which is we listened to outside input and we appreciate their criticisms. You heard her say yahoo is a complicated company and she is arguing for more time, time for her to get a turnaround in place and show that her plan for yahoo and not the shareholder plan is working. Emily she is asking for a lot more time. Take a listen. Marissa when we look at this we have drawn on a Strategic Plan and we can see the turnaround. It will take five to seven years. Emily seven years, is that realistic . I just rolled my eyes when she said that. If i were a young shareholder and i heard her say seven years for turnaround to take place i would probably cry. It is hard to point to evidence that the company is going in the right direction or the operating performance has not been good. Some of the strategies she has put in place to do original tv to do more mobile apps, it is hard to see any signs of success there. So for her to say we need another threeyear turnaround plan after three and a half years, that is pretty hard to swallow. Emily no one wants you to cry. If yahoo changes hands would you think of the idea that she could continue running this company for the longer term . It is an interesting company, an interesting idea. The question that lots of people have asked is if not her then who is the right ceo for yahoo , which to her point, is a complicated company with a complicated legacy. Im not sure i have any other battier better ideas so it would be interesting to see to the extent there are interested buyers in all parts, or if they have better ideas for ceo. Emily one of the things i found interesting was her willingness to admit that she did something things wrong, perhaps a greater willingness than i have heard from her in interviews i have done. Take a listen. Mercer i think there are some things we did too quickly and some things we did too slowly. And not enough. I think that we learned from all that and we are constantly getting better. Emily what are your thoughts on her willingness to be more reflective . It was great that she admitted she did not do everything right that i did not hear a lot of specifics. I could single out a few things they did too slowly, they were too slow in focusing yahoo on core business is, they were too slow in stopping the spinoff of alibaba shares once it was clear that would be a potential Tax Liability. They were too slow in deciding the 2 to put the company up for sale. There were a lot of things that they were pretty pokey about. There is fewer things they did too fast as far as i can see. Emily we believe that yahoo and Marissa Mayer met with star board this week. We do not know what happened at that meeting, but how do you expect this to play out given the latest twist with these new Board Members . The next couple of weeks for yahoo will be interesting. In two weeks and there is a deadline for shareholders including this activist, starboard to nominate their candidates and i saw yesterdays announcement about these two new Board Members as a way for yahoo to front run starboards on potential nominations. I do not know what the starboard thinks folks thought of those two new director candidates this week. I guess we will find out. That vote in june most likely, the annual meeting in june will be a referendum if the activist shareholders have it on candidates up for election and they get on the board. That means shareholders have decided we do not want to wait for a turnaround. We want this company to sell now. Emily i am sure there will be some twists and turns but between now and then. Thank you. A story we are watching. Intel is planning to sell part of its Venture Capital unit that could be up to one worth up to 1 billion. Emily now to sxsw. They had a marquee guess this year, president obama. I still think he is cool. His official mission was to woo top talent to work for washington and make sure the things like the bungled rollout of healthcare. Gov would not happen. One day after the doj tried to focus the argument back on that one particular phone, president obama weighed in. President obama how do we solve or disrupt a terrorist plot, what mechanisms do we have available to even do simple things like tax enforcement because if in fact you cannot crack that at all, government cannot get in, then everybody is Walking Around with a swiss inc. Account in their pocket. Emily i want to bring in our tech editor. Lets talk about his argument specifically with regard to the applefbi standoff. How did he move the argument forward . He tried to paint himself as a defender of Civil Liberties right now. It seems the Civil Liberties side of the story is basically saying the president and federal government is acting against him. He went to say he does defend Civil Liberties and he is trying to thread the needle and security and privacy saying there needs to be a privacy a conversation that needs to get the decision made that is not an absolutist position. He wants there to be more of a nuanced decision and that is how he tried present this to the tech leaders at sxsw. Emily he said he did not want anyone to take an absolutist view. Take a listen to what he said. President obama i english a lot over the decisions we make and i am not interested in overthrowing the values that made us an exceptional and great nation simply for expediency. But the dangers are real. Maintaining law and order and a Civilized Society is important, protecting our kids is important, so i would caution against taking an absolutist perspective on this. Emily he said there has to be some concession, some concession to get this information off the phone. Edward snowden found in a few years ago, Julian Assange has spoken there. Put it into the broader context. President obama spoke a little bit about how Edward Snowdens revelations have amplified this conversation around privacy, around encryption, and this is an event that has been one that has been adopted by Silicon Valley and by the technology community, and serve like the spring break for Silicon Valley. Edward snowden called in in recent years be a video chat and Julian Assange, the wikileaks founder has spoken there. And they have talked a lot about opening up and impute her encryption and strengthening protection of information. Emily the president has gotten a lot of heat by going, he missed Nancy Reagans funeral. Why did he make this a priority . He wants to paint himself as the First Technology president. He won back in 2008 on the strength of technology. His campaign was run by young 20yearolds who were very technologically savvy and he wants his presidency to be remembered the same way, he is tackling big problems by using the tech world, using Technology Experts and he wants to recruit a lot of experts into government and that is one of the pitches he made during his speech to try to get young people who would normally go to Silicon Valley to get them to come to washington and figure out how to self big problems in the federal government so that is one of the reasons he decided to make this a priority and actually miss the funeral that happened today. Emily there is a Cyber Security labor epidemic. I found the statistics, 200,000 u. S. Sever security jobs are unfilled. How hard a cell is it to convince an engineer to work for the government in the middle of all this when they can come to Silicon Valley and work a start up or work in a company like google or facebook . It is difficult when one of their Biggest Technology companies is at loggerheads with the u. S. Government. Obama was trying to do some damage control today and try to sell people on this message of coming to improve government. In trying to do that he had to bring the disaster that was health care. Gov and call out how they had to call in the private sector to come and fix that website. Emily you have people on the ground at sxsw, the hot app last year was meerkat. Before that it was foursquare. What is the hot thing now . We are expecting to see a resurgence of the sort of meerkat live video thing but probably through periscope which twitter acquired last year. Another app that a lot of people have been talking about is one called anchor. It is supposed to be a crowd sourced podcasting type thing. It is very new so you never really know what will take off their but there is a lot of startups that are trying to be the next twitter, not necessarily the next year cap. Emily when do you think we will be hearing from the president again . Mark we have apples response next week and we have the hearing in riverside. I will hear think youll hear from the president on this pretty soon. He will continue to weigh in on this. You will see him try to get tech leaders together at the white house and he has hinted at being able to solve this problem by getting everyone together and getting the experts on this talk and copper mines in, with a solution so i do think the president wants to make this an issue he solved before he leaves office in 10 months and you probably will see him meeting with some of the top leaders in Silicon Valley in the next few months. Emily certainly a historic trip by the president to sxsw. Thank you for a much, our White House Reporter and tech editor. We also did learn some sad news. Sxsws cofounder louis myers has passed away. He was part of the original team that formed the festival. He is being remembered my by many on social media. Quite poignant to have this happen on the opening of the festival. More on bloomberg west next. Emily gm is determined not to be left behind in the race for a thomas nichols. The start up makes sensors that turn regular cars into self driving cars. It is the latest move for gm that formed an Autonomous Vehicle team and invested in lyfts latest driving route. Joining us from washington, d. C. Talk to us about their technology and is this about the technology or the talent . Heres a company that has been around for a few years and they were developing aftermarket kits to hook up to audi a4s that would turn your audi into a self driving car. They did not have the money to keep going and this is an opportunity for them to expand and to help gm at the same time. Emily google seems to be the farthest along when it comes to self driving cars but gm has the technology. They have been working on it for a couple of years. How do their efforts stack up to google . Gm introduced the idea of a thomas cars in 1939 at the worlds fair. The technology has always been out of the grasp of everyones reach until now. Were getting to the point where it is out there so gm has been doing work with data and stuff like that. But has not been taking another strategy which is slowly integrating this technology. They were planning to have a super cruise controllike feature where you could take your hands and feet off the controls and it looks like that will be delayed until next year. Not doing the same approach as google with fully a thomas at this point. Emily another interesting story and the outer industry, ford is creating a subsidiary, focusing on everything from car sharing to a thomas vehicles. Theyre looking for co2 lead this company. Theyre looking in Silicon Valley. What do you make of the fact that ford is creating a separate company for these efforts based at here rather than doing it within the company itself . Trying to bring in forward thinking and give some creativity and flexibility to try some of these new things. These are companies that have been around for a hundred years or so and sometimes have found in the past that going outside the constructs of the bureaucracy is the way to do it. Even ford itself in the past has set up skunk work projects to develop new technology or products, not totally unheard of in the automotive industry. Emily google has a deep bench of self driving car talent. Any candidates you can figure of that could be a good ceo . It is going to not only navigate Silicon Valley in the Tech Community but the automotive industry. Youre going to want to look for folks who can do both of those things which will be a challenge. Emily tim higgins joining us today from washington. Thank you for that report. Later in the show, we will talk about the future of medical testing. Check us out on the radio. You can listen on the Bloomberg Radio at at bloomberg. Com and on sirius xm for you serious xm. Mark lets start with a check of your first word news. The European Union and have been at signed a deal normalizing relations. Allowing the eu and havana to collaborate on projects ranging from Environmental Protection to modernizing cubas tax collection system. Have somehow finalize the date [indiscernible] that our american friends art doing with are doing with cuba. Mark they have a long and close relationship with the island but there have been disagreements over human rights and political reform. There is an uproar in the u. K. Over comments president obama made in an interview with the atlantic magazine. The president called libya a mess and in part blamed british Prime MinisterDavid Cameron and other british allies. The press is calling his remarks and unprecedented attack on the Prime Minister. Brazilian president the brazilian president will not resign. Facing impeachment proceedings. The court is considering campaign irregularities. Ben carson is throwing his support behind front runner donald trump. Speaking in palm beach, florida, carson called from an intelligent man who cares deeply about the United States. Colson carson have buried the hatchet over their past disputes. He dropped out of the president ial race after disappointing results on super tuesday. Torrential rains pounded louisiana for a fourth straight day making roads impassable and increasing worries some levees could run over their banks. Three people have died in the region as a result of the severe weather. The governor traveled through not in louisiana to assess the situation. Mourners from their worlds of politics and media and entertainment attended todays fune