Old thread, but if anyone is in the same situation as OP I would say:
Your priority should be gaining muscle, because more muscle mass will burn more calories. Cardio is good and all, but for a beginner lifter imo you should be doing 3 powerlifting exercises : Squats, Benchpress, Deadlifts with some bodybuilding-oriented isolation exercises on the side. Bicep curls, tricep extensions, back rows etc. Most importantly - lateral raises. Once your delts start popping out and get wider you will look much better. Being overweight with "bottleneck shoulders" is horrible. Being overweight with wide, round delts changes your appearance dramatically. Also, doing things like "vacuums" for smaller waist.