The entire board of the troubled Internet Company after saying it has trade and failed to work with the company for the past 18 months. Josh lipton has more on this intensifying board battle. Reporter starboards letter distance mince words, saying yahoo s board and management have failed to deliver results for shareholders. Starboard saying significant board change is desperately needed to hold management accountable and properly oversee any operational turnaround plan, separation, or sale of assets. Ceo Marissa Mayer has tried to turn around the company by cutting costs and concentrating on growth areas like mobile advertising but it has been a losing battle. The company will generate less than 3 billion in digital ad revenue this year, a drop of 14 from last year, according to researcher e. Marker. That would be the single biggest annual drop in sales for yahoo in the seven years sense emarker began tracking it. We think this core business is worth more than zero which is where its valued today. We think its worth more than what aol got from verizon. We dont want though to have is see this sold for a fire sale type of price. Theres obviously value that still could conceivably be created out of these asian assets if theres some smart individuals that are brought in with that kind of expertise too. Analysts believe that a sale of yahoo could be worth as much as 8 billion with potential suitors including verizon and at t, as well as private equity firms like kkr and tpg. Yahoo Shareholder Meeting is expected to happen in late june and though no one knows how this will play out, the odds of completely throwing out the board are remote. But some say they do expect to see big changes. For nightly Business Report, im josh lipton in san franci on wall street, stocks snapped their fiveweek win streak. Financials came under renewed pressure in part because of a sell rating that was put on wells fargo by ubs. Take that, you other bank. By the finish the Dow Jones Industrial average rose 13 points to 17,515. The nasdaq added 4. The s p 500 fell fractionally. On this holidayshortened week all the major indexes were lower and gold had its worst week of the year down more than 2. 5 . With the decline on the week there is some concern that stocks are falling back into their old patterns and that this rangebound market could soon swing more dramatically. What should you do . Our friend michael farr is the president of farr, miller and washington. Michael, good as always to see you. I dont think youre in washington, i think youre in florida if i had to guess. Am i right . Im in florida, naples, florida, yes. Great place. Nice and warm here, yes, sir. Good. So weve had a nice run. Five weeks in a row of up markets. After a disastrous start to the year. This is a kind of bipolar market . Should we just be ready for this . Tyler, i think it is kind of a bipolar market but i think its being drive bin a bipolar fed. Monetary policy doesnt really seem to be able to make up its mind what they want to do. At the march 16th meeting, all of a sudden we heard from the fed pretty much that were only going to have two hikes in 2016 instead of four. The language was more dovish. And then markets really seemed to appreciate the easing tones of some of the fed governors. Thats been reversed. So markets dont seem to know what to do. But where we seem to have been following oil, im afraid that a lot of those asset prices have been driven more by the fed and what theyre doing or not doing. So if youre a longterm investor, michael, do you just count that as noise and put it aside . How much should you Pay Attention to a disruptive fed, if you will . Well, so i think you have to see that they really cant decide what to do. And theyre trying basically to change directions. So the most important thing for investors is that the fed has changed directions. Were only arguing about the rate. Reminds me of another old joke where we just argue about the price. Weve seen something remarkable since february. In 40 days we saw the price of oil go from 26 to 41, a 58 increase in the price of a global commodity in 40 days. So the pricing is irrational and theres a lot of volatility. So individual investors really have to take a look at Balance Sheets, income statements, and know what you own. Because this volatility i dont think is over. In 30 seconds, what is the best way to make money between now and year end . Now and year end i think you own a good quality portfolio of stocks with Balance Sheets and dividends. I continue to like some of the health care stocks. Take a look too at some of the industrials. A lot of them were down 25 , 30 last year. Yes, yes. So americans hate stocks when theyre cheap, love them when theyre expensive. Look at some of the stuff thats less expensive with a good dividend, i think youll make money this year. Michael farr, enjoy the long weekend. Thank you, you all too. New orders for longlasting manufactured goods fell last month. This as the sector continues to feel the effects of strong dollar and low oil prices. The Congress Department orders for durable goods declined 2. 8 in february. Separately, the number of americans filing for Unemployment Benefits rose by 6,000 last week. But still remains at a level consistent with the strengthening labor market. Picking up on that theme of dissonance on the fed that michael was talking about, a Federal Reserve official says the next Interest Rate hike may not be that far off after all. St. Louis fed president james board said the labor market had improved since december and could support another Interest Rate hike in the economy evolves as expected. Fed reserve policymakers next meet in april. And just like the fed, investors pay a lot of attention to economic data. But one of the most important gauges of Economic Growth has come into question. Steve leishman was first to report on the persistent errors in the calculation of gross domestic product. Reporter instead of calling it gross domestic product, call it gross domestic problems. Indepth analysis of governments reports on gdp suggests large and persistent errors that should give investors, Business Executives and policymakers pause in relying on the data for key decisions. Cnbc went back to 1990 and found an average error rate of 1. 3 percentage point in the initial gdp reports compared to where it will eventually be revised to in later years when theres more complete data. So in a report of 2 growth on average will be later revised to be 3. 3 or 0. 7 . Its a big number. 1. 3 Percentage Points is large. Especially more recently when the economys going about 2 or so. Youre talking about a big chunk of that overall gdp number. Reporter the research does not show systematic overstatement or understatement of growth. Cnbc also found about 30 of the time the government gets the direction of growth wrong. That is, gdp initially shown to be higher than the previous quarter could in fact be revised to be lower, and vice versa. That could fundamentally change the picture. What we thought we were looking at in the economy with gdp, a year or two later, it becomes very different. Brett molten at bureau of economic analysis, the agency that puts the gdp report together, told cnbc were working to try to get more accurate data in time to improve the advanced gdp estimates. Revisions are not errors, they represent improvements to the gdp estimate as more information becomes available. And they have gotten some information more quickly in past years. But the error rates have been improved over the decades despite vast improvements in commuting power and communication speeds. The size of the revisions 2008 to 2013 is the same as those from 1990 to 1995. And the error rates in the second and third estimates of gdp are the same as the first. Despite more time and data, revisions will be just as large three months after the end quarter as they are one month afterwards. Most economists contacted by cnbc did not know the gdp error rates but they added its a big and more complex and more essew tearic economy that is hard to measure. For nightly Business Report im steve leishman. To read more about the issues surrounding those gdp numbers, head to our website nbr. Com. Corporate america is taking a stand on social issues in North Carolina and georgia. Its very controversial. Why investors should care. Two days after the attacks in brussels, officials finding connections now between that bombing and the attacks in paris late last year. The report from brussels on the investigation. The key development, investigators believe theres a clear link between the attacks here in brussels on tuesday and the attacks in paris in november. The two suicide bombers here in brussels, one who died at the train station, one who died at the airport, were accomplices in paris, say investigators. They provided transport, arms and ammunition, safehouses. In addition, the man who built the bombs for the paris attacks is believed to have died in the airport on tuesday here in brussels. As more and more details are revealed, theres increasing criticism of belgian intelligence and security forces. In fact, the interior minister and the Justice Minister today offered to resign, acknowledging that there have been grave mistakes. The Prime Minister wouldnt let them. But in that process we learned that they had not taken seriously enough a warning from turkey that deported one of the suicide bombers last year, saying that he had trained in syria and that he was a jihadist fighter. The situation on the ground is still very tense. Security is very visible. And in fact, lines to get in the subway are quite long. They are searching every individual before they allow them to enter the station. I want everyone arrested so i can be safe more. No one knows what can happen. Its difficult for brussels. Reporter theres security at supermarkets, hotels and shopping centers. Interior ministers and defense ministers from around europe descended on brussels today because this is where they always meet. This is the headquarters of the european union. This was an emergency meeting to discuss what can be done to prevent future terrorist threats. There were a lot of calls to action but its unclear if anything will actually get done. U. S. Secretary of state john kerry arrives tomorrow to get the latest information and offer u. S. Suppo for nightly Business Report, brussels, belgium. Seven iranians with ties to their government were indicted on hacking charges. The Justice Department alleges they played a role in disrupting banking operations and hacking a dam outside new york. These attacks were relentless, they were systematic, and they were widespread. They threatened our economic wellbeing and our ability to compete fairly in the global marketplace. Both of which are directly linked to our national security. Amon jabbers has been following the story from washington, good to see you as always. The u. S. Is indicating that iranian citizens who live in iran are involved in this but does the government have any hope at all of actually extraditing them or bringing them to trial . Yeah, thats the question here, sue. When you indict people who live in a foreign country as the u. S. Did against five Chinese Military hackers in 2014, the question is why are you doing it . Theyre outside the reach of u. S. Law enforcement. What fbi director comey said today is, were doing this to ascend message, we know who they are, we know what they did, he said over the long haul our memories are long at fbi, these seven individual iranians will not be able to travel overseas for education, for tourism, other things, because they could get picked up on an interpol arrest warrant if they travel outside of iran. Its going to make life more difficugivdifft but it sends a e to the iranian regime, we know how youre doing this and what youre doing and we want you to knock it off. The iranians were able to breach the systems of a dam up in rye, new york. What happened and was there danger to residents . They got into the scata system, the infrastructure control systems the fbi said today allow the sluice gates for example at the dam to be raised or lower order tell you the temperature or water level. Those are important control systems. And in theory, the iranians could have controlled those systems and raised the gates, flooded a whole area, and caused a lot of damage and danger for lives in that region. But what the fbi said today was that dam was not operational at the time in the way the iranians thought it was, so in the end there was no real danger. The implication though is that the iranians now have the ability to get into inu. S. Infrastructure sitting at computers, hacking into dams, infrastructure across the country, and that officials said is very scary. Absolutely chilling, thank pandora is reportedly exploring a potential sale and that is where we begin tonights market focus. Shares of the Music Streaming Service surged after deal reporter announced that news saying prospective buyers may include amazon, google, maybe yahoo . Shares rose more than 10. 5 on the day to 10. 93. The educational publisher scholastic had a narrower than expected loss thanks to strong sales of childrens books. The company pointed to an illustrated edition of harry potter as well as potterthemed coloring books, higher sales of classroom books helped as well. Shares of scholastic up to 35. 99. Tivo which makes dvr devices is reportedly in merger talks with rovy, one of the biggest owners of Digital Entertainment device patents, tivo and rovy. The New York Times says it would be a cash and stock deal wilt the price still under negotiations. Shares of tivo up 23 to 9. 45. Winnebago beat earnings targets in its latest quarter but revenue was shy of forecasts. The recreational vehiclemaker said it expects revenue to improve thanks to the success of new products and what it calls a robust backlog. Shares were up more than 3. 5 to 21. 31. Athletic apparel retailer finish line saw profit fall about 90 in the Fourth Quarter thanks to a big writeoff of should have its assets and closed doors. The results still manage to topple wall street targets. However, the Company Issued full year guidance well am expectations. Nonetheless the shares scratched out a gain to close at 19. 07. Corporate america is taking a stand against a North Carolina bill that outlaws any new gay and lesbian antidiscrimination protections. That bill was signed into law yesterday just hours after it was introduced and companies are responding. Apple, microsoft, wells fargo have signed a statement opposing that legislation. Red hat attacked it as a step backwards. American airlines said it was bad for the states economy. Charlottebased bank of america says it backs Public Policies that support nondiscrimination. Biogen, a Large Employer in the state, opposes the measure, as was dow chemical. The naacp, which is scheduled to hold a mens basketball tournament in that state next year, said it is monitoring diversity issues in cities where it hosts future events. A similar fight is taking place in georgia where at least 20 fortune 500 companies, including disney, delta, and home depot, have taken issue with a religious liberty bill. So should investors care when companies that they may own take a stake on social issues . Joining us is Professor John wilson at Columbia Universitys business school. Hes also head of research at Cornerstone Capital group of Financial Services firm. Welcome, nice to have you here, professor. Its a pleasure, thanks for having me. I guess thats the question. I mean, if you need to recruit people for your business and you wa talent, you want those people to want to work for you, correct . Absolutely. The companies that you mentioned, microsoft, apple, dow, these are all companies that create value from the knowledge and motivation and hard work and creativity of their employees. T the best people to work for them. And they need people who have choices, who can live any way they want, they can work for the companies that they want to work for. And so these companies are really in a war for those people. And so obviously this is a big concern for those companies if the places where theyre doing business are not places where people will feel welcome coming to live and if they dont feel line the companies are aligned with their values or at least in places that are not aligned with their values. Many of these companies have their own anti or nondiscrimination rules in place. When they collide with a states codes, what is the company to do . Move out . Well, thats a good question, right . I dont think thats going to be necessary. These companies its important to know that shareholders were among the first groups to Push Companies to adopt these policies several years ago. To not discriminate on the basis of Sexual Orientation or gender identity. Because they recognized that this was something that was important for business. For the longterm health of these companies. So when the companies are in places obviously it does create something of a conflict if they are i dont think these laws are going to force anyone to discriminate, but obviously will create a lot of issues, challenges for these companies to implement their own policies if theyre in conflict with what state law is saying. It comes down to optics, does it not . If your a company that has policies that are nondiscriminatory but you choose to either relocate or do business in a state that has policies that go against your tenets, the optics of that are not good. Yeah, and particularly for your employees. Todays employees, again