Brent a decline of 49 cents. Couple big corporate stories to tell you about. The biggest one, its final. Its here. Verizon set to announce an agreement today to buy yahoo for 5 billion. Sources telling us that yahoo will no longer an operating company after this. It will become a Holding Company for stakes . Alibaba and yahoo japan. Has a small platen portfolio to sell. Marissa mayer not expected to stay on after the deal is completed. Her severance, expected to be 57 million. Well have a lot more on the story in a couple of minutes. Other news as well. Tesla and solar city, theyre reportedly closer to a merger. No brainer. Thats a new one. One brain. Elon musk the largest share hoeflder in both companies. In the final stages of carrying out Due Diligence on both companies. The companies are carrying out due dial generals the right brain talking to the left . Elon did an interview this morning. Did you see this . Its a good piece. We dont get that paper. Its called the new york times.
Few moments. The dnc kicks off amid country controversy over leaked emails. The ceo will join us in the next hour first up verizon announcing the deal to acquire yahoo s core business for 4. 8 billion in cash. Verizon plans to combine the internet asset with aol. The Real Estate Holdings in that action. Marissa mayer will join us in a few moments once that Conference Call ends. Wow. This day has been a long time coming, jim. Yeah. And i think that the i remember speaking to Lowell Mcadam many months ago when he said this could happen and a clear vision if you gave it to Tim Armstrong they could make something of it. Im excited. Maybe it will be back like the old days in 98 and 99 when yahoo was the leader or not you mentioned mcadam in february, a reminder of what lowell told jim on mad money. Take a listen. We said we would look at it. I think their board has been very responsible how theyre doing this, very deliberately, very logically and we have to understand the trends that were s
Not just about him, its about a movement he represents which got 46 percent of the votes. Charles just a short time ago Debbie Wasserman schultz getting heckled at her own delegation breakfast. Under president Hillary Clinton [inaudible conversations] we must be make sure the economy works for everyone. I look forward [inaudible conversations] continuing to represent my constituents in floridas 23rd congressional district. [inaudible conversations] we have priorities that we know we need to continue. Thank you very much, and on to victory thank you. Charles well, still democrats expect to pound their economic message tonight, but will this email dump distract voters from that message . Ive got the tell you, from everything ive read, that looks like ric grenell to me [laughter] sabrina, let me go to you first. From everything that ive read, Debbie Wasserman schultz had to be taken out of this thing kicking and screaming, and president obama had to give her a phone call. Its interesting
We are following the latest news as its coming into our newsroom. Police have now detained three people who may have been involved in a shooting. Shots were fired in a parking lot of a nightclub that was hosting a teen party in ft. Myers, florida. This happened at a club called club blu. 17 people in total have been shot and two of them are dead. Theyve not been identified at this hour. Were watching that part of the story as well. Multiple people, we are told, are fighting lifethreatening injuries right now inside the hospital. Some inside the club were as young as 13 years old. Witnesses on the scene describing it as mad house with others saying they heard around 30 gunshots that bystanders say may have come from multial guns. They say the shooting may have lasted as long as ten minutes. A woman who was at the club when the gunman opened fire used Facebook Live to talk about the chilling events. Listen to this. They running behind but you dont know who they shooting. They just runnin
The party chair resigning over leaked emails that show the dnc favoring Hillary Clinton over Bernie Sanders. Im with her. Hillary clinton and her new running mate now facing an uphill battle to bring the party together. I dont know anything about these emails. I havent followed it. Donald trump trying to capitalize on the divide as clinton makes her case to become the first woman in u. S. History to be president. Announcer live from philadelphia, pennsylvania, this is a special edition of Good Morning America, your voice, your vote, the Democratic National convention. And good morning, america. We are here in philadelphia for the Democratic Convention. Hillary clinton is going to make history here this week, the first female nominee for president of the United States. Of course, a lot of excitement here but also a lot of chaos in the wake of that email scandal. Democratic party chair Debbie Wasserman schultz announcing her plans to resign as Bernie Sanders supporters, they are here in