Investment, what do youd see as the future valuation for this business within mgm and if they dont get there do you plan to sell your stake . I tell you what on the first question i would not put a number on it but i would say with absolute certainty it is worth more than negative the Online Business is getting a negative in there. Im certain it is worth more than that and that is something that we looked at and considered when we were making this investment and you said your second question i have no idea. Were me in this for the long term and that means that well there r is all kinds of opportunities that may arise from here. And well consider everything. Finally are you looking at anything similar to this given all of the cash that you have . Were always looking at everything that is the fun thing about iac. We have the ability, the flexibility, and the time horizon to do anything that we want to do and were always active in the marketplace. Thank you, we appreciate you taking some
Until Californias Department of Public Health has stepped down from her job. She did not give a specific open this wednesday. Reason for leaving her officials announced they are opening next monday, august 17. Position. Her resignation comes less than all students will begin with one week after state officials announced the Computer System had undercounted the coronavirus cases. Distance learning. This initial phase could last she was named the state health for three weeks or longer, it officer and Health Director depends on Public Health conditions. In oakland, students are back to their virtual last october. Coronavirus cases in the u. S. Have surpassed the 5 classrooms. This is the very first day of million mark. 40 of those cases are in five school. There is still no deal between states. The Oakland Unified School district and the Teachers Union california, florida, texas, new about what Distance Learning should look like this school york, and georgia. Weather 163,000 people have d
Is about 2 away from record territory. Blake burman at the white house. Edward lawrence in washington. We start with blake, with the latest from the president. Reporter the white house is acknowledging that it might take some time to get federal Unemployment Benefits out the door going forward. The executive order from the president 300 from the federal post, the states matching 100 if they are able to. Some state governors mentioned they cant. In any event the white house is working on this issue. In the interim, they are hoping that democrats return to the negotiating table. I cant pinpoint a timeline other than were working around the clock. We urge democrats on the hill to come back. Secretary mnuchin is willing to review any proposal because the American People deserve better than the games and partisanship they have seen from nancy pelosi and Chuck Schumer and their democrat colleagues. Reporter now the president also took action suspending some collection of payroll taxes and de
Families are getting online. The student Meal Distribution program was up and running. 22 school sites are handing out meals monday through thursday. The meal Program Began when consumes closed back in mid march. Since then, the district has distributed close to 4 million student meals. And it really was a first day of school unlike any other. Rob roth spoke with parents, teachers, and students, about how the day went in oakland, and now rob joins us with their stories. Cristina, some say the first day of school went better than expected some say it went worse, but they all agree it was a challenge. Freshman jonnys first ever class at Oakland High School on monday was biology. He said so far so good. I set up and wasnt struggling. Reporter for this mother of an Oakland Tech High School student, the day of remote Distance Learning was easier than this past weekend leading up to it. There was a lot of rush of information over the weekend, even up to last night, at the last minute, to get
We have two huge interviews this hour first stephen ross of related company is a Real Estate Firm of 60 billion in properties. Hell tell us why he thinks Corporate America is entering into a cost cutting spiral thats what hes doing and hes seeing it elsewhere. Power lunch starts right now welcome opini lets take a quick check on the markets. The dough is up. The s p 500 is within striking distance of an all time high amazon and netflix all flat before the session financials and Energy Stocks both up more than 2 right now as that reopening rally seems to be broadening out. Tyler. Thaunk you very much the other group out performing today is boeing and the airlines boeing, united airlines, american, jet blue, southwest all jumping higher as the reopening rally gains steam. Phil has more on the moves in those sectors. High, phil its all about optimism its not looking at the near term which is ugly and how ugly is it. Take a look at the july order and delivery numbers from boeing this is no