it's been apple for as many as remember but microsoft has won the last few rounds apple given the close worth $827 billion. microsoft given the fact that it had an up day is worth around $822billion. the crown for now still belongs to the iphone giant. but a few bucks here and there on stock price and we could swing the balance back towards microsoft. at each company's respective peak market value apple has the bragging rights having surpassed the $$1 trillion market mark and october 3rd it was $1.19 trillion that was the peak. >> microsoft hit a record high the same day is worth $892 billion at that point but apple's woes cost it a quarter of the market value since the highs while microsoft held up well, shedding only 8% of the value both companies are mature tech giants, trying to get investors to focus on faster growing parts of the business like say services at apple the cloud business azure at microsoft. so else michigan lia which relative value trade will investors buy into that's the question. >> thanks, dom this is actually the perfect time to play a little, would you rather. >>

been in the news this week for lots of criticism over the way it's got money out of government apple microsoft you say it's google and facebook is that right. well look there are plenty of reasons to criticize microsoft and facebook and for full disclosure i have a relationship with microsoft now and for even full disclosure i've sold a company to google i actually really like big tech companies i'm not tired of anti-corporate or anti tech companies however what distinguishes google and facebook is that they rely almost solely on the manipulation machine for their money they don't have any diversification they're absolutely addicted to it like petra states are addicted to oil and so it does in my view corrupt them now the things i'm talking about these when appeal ations are all the tech companies engage in them to some degree but not totally so there might be additional reasons to criticize the other tech companies there probably are but it's where is this particular issue of running a mass mental manipulation machine for profit that's really google and facebook and then. and you know you mak

microsoft works on every platform. google works on every platform, whereas apple is glued to its own hardware and microsoft is clearly winning for itself on that approach whereas apple to the last few years has been winning on its approach. there is room for both, but that is why microsoft has been successful lately. their infrastructure is around services. amazon, not far behind them. do we see these 4 companies trading as a group closer to the top and will its not be clear who has the title? going forward, will we see be shifts over and over? -- these shifts over and over? mark: i think we will see those big four companies vying for the top spot. we could see amazon, other days it could be apple, other days it could be microsoft. anly: apple also facing antitrust case in the supreme court which could have implications for the entire tech industry. the class-action suit accuses apple of maintaining a monopoly over app distribution on ipod .wns -- on iphones justices appeared inclined to allow the ice -- the lawsuit to continue. greg. bring in not good news for the stocks, but what did the supreme court justices signal about

this is a multi-year chart of apple in blue, microsoft in yellow. earlier this year, apple achieving that $1 trillion market cap, coming off that and again, briefly, microsoft taking over as that most valuable company. apple,this downtrend for the sellers pouncing on peers around iphone demand. there is more weakness ahead for apple. if microsoft hangs in there, microsoft will overtake apple again. one more bright spot for the markets. let us look at carmakers. 5.6% on announcements including the fact they are cutting jobs, more than 14,000 jobs. ford rallying. chrysler may be selling its robotics arm for $2.3 billion. they sold their parts company. stay tuned. a battered -- vonnie: thank you. the biggest oil exporters are per per herring to discuss supply -- are preparing to discuss supply. we have been covering oil moves. guests what some of our had to say. >> if they can get back there, aanted, this relies on production cut, on growth being our base case. >> we are not going to see peak oil between now and the end of 2018. there could be that comi

been in the news this week for lots of criticism over the way it's got money out of government apple microsoft you say it's google and facebook is that right. well look there are plenty of reasons to criticize microsoft and facebook and for full disclosure i have a relationship with microsoft now and for even full disclosure i've sold a company to google i actually really like big tech companies are not part of anti-corporate or anti tech companies however what distinguishes google and facebook is that they rely almost solely on the manipulation machine for their money they don't have any diversification they're absolutely addicted to it like petrol states are addicted to oil and so it does in my view corrupt them now the things i'm talking about these when appeal ations are all the tech companies engage in them to some degree but not totally so there might be additional reasons to criticize the other tech companies there probably are but it's where is this particular issue of running a mass mental manipulation machine for profit that's really google and facebook and then. you know you make me

jack first of all, apple versus microsoft. as most valuable company in the long term not today or next week, long-term? >> apple does. i mean apple -- they're in same position by market value but they're vastly different situations when it comes to evaluation microsoft is twice as expensive as apple relative to earnings or free cash flow. and if you think that best predictor of long-term stock return is the price you start at you would say there's upside from here for apple. i think microsoft means it has okay shape but good growth there but fully priced to me. >> really? >> i'll take -- i'll take that side of that actually. i'll take other side of that stuart if you want. look apple i love it i'm a user apple is emblematic what have we have now is a cult stock in the nasdaq. apple is one of those fang stocks lower priced. >> trades like an airline how could it be a fang stock? >> because cheap stocks continue to go lower and that's why i think stuart, the the entire trend for the market look i'm not a hater i don't hate the pr

this year at that point like you pointed out, apple was worth $1.1 trillion. microsoft around $890 or so billion at that point. you pointed out it meant apple shed aquarter of market value in that span meanwhile, microsoft has only lost 8 to 9%, depending how inter day trading goes the gap between the blue line which is apple and orange line which is microsoft meant that apple has fallen to 825 to $830 billion, depending on the tick by tick now. microsoft shares worth $822 billion because they have fallen by a lot less than microsoft has. as you can see, these two stocks going back five years have both been huge gainers in the technology run we have seen. but for right now, we're getting very close like you pointed out. that microsoft could surpass apple in america, something we haven't seen in years. >> a little bit of history. >> going back to '89, it is something like 40 times apple. for more on these tech giants, bring in portfolio manager dan morgan, and senior research analyst, keith bachman they held up better than almost any other big tech stock market gets chop

not amazon but microsoft surpassing apple's market cap. what do you make of it? >> pretty unbelievable. maybe a year or two ago if someone said do you think microsoft will pass apple in market cap in two years nobody would really believe that especially in the current technology climate where a lot of people think that apple has endless runway of growth. but if you look at what's happened over the past two months here there have been so many concerns and so many issues with apple in terms of iphone sales, concerns about the prices of the high end iphones, 10 r, 10 s, 10 s max. concerns about long-term initiatives. if the company missed on previous big things like tv and voice where it is not all too surprising. the question is will it turn around and when? emily: i have a chart here in my tv library showing the rise of apple as well as the fall in apple and the rise in microsoft. you know, aside from what apple might be doing badly what is microsoft doing well? >> you know, the company has really been turned around since taking over from steve baltimorer a few yea

apple. microsoft validated about $848 billion. microsoft's move coming in just four months after apple crossed the 1 trillion-dollar level for the very first time. but apple shares have a tumbled nearly 20% since they warned of a disappointing iphone sales for this holiday quarter. microsoft has spent time and money diversifying itself and apparently it's work. our next guest says the yesterday rally that we had was a pretty big gift the market isn't out of the woods yet. good morning lindsay. marty say that. that were not out of the woods yet. it was one of the major risks facing the market all year long and going into 2019. the other big risk is trade. in anticipation of this i think we will move sideways into the weekend. and then we could go either way depending on what we get out of the meeting. there are threats to the auto industry. part of that yesterday was technology. technology in healthcare our interest rate sensitive sectors. what was also interesting. tech rally significantly. i do goes up goes up about 3%. this is a

the tech sector is 13% away from its most recent 52-week high you've got microsoft and apple that continuebattle it out for the title of most valuable company in terms of market cap microsoft briefly crossing that threshold earlier in trading today. joining us is paul meeks and paul holland guys, it's great to have you with us on a big day as this race, paul holland, between microsoft and apple now, the divergence over the past couple of months is striking. what do you think is going on here >> well, i think what's fascinating about that is you could have said this 15 or 20 years ago. these two heavyweights are back in the ring battling it out and i think is news in and of itself but you've got two very different businesses going on. microsoft is almost an entirely software-driven business with xbox and some other parts of it. and apple has done a brilliant job managing hardware. i wouldn't doubt you'd see these guys cross over back and forth for a while. >> paul meeks, you look at microsoft, it's up about 27% over the past 12 months. apple barely up 1.5% i wonder how much of this is just

. >> reporter: apple, microsoft, and ibm all losers. retail stocks selling off after target profits disappoint, wiping out the market's gains for the year. >> the thing that's driving prices down the most right now in the stock market is a fear that things will not grow nearly as fast in the future as they have been over the past few years. >> reporter: wall street heading into the holiday with a bad taste in its mouth. anne thompson, nbc news, new york. >>> americans are on the move tonight in numbers not seen in more than a dozen years. the race to get there by thanksgiving straining capacity on the roads, rails, and at the airports. nbc's tom costello has details on this massive thanksgiving travel rush. >> reporter: 36 hours and counting down. >> group number one for flight -- >> reporter: and on the ramps, rails, and roads, it's a full house. >> one bag to charleston? >> yep. >> reporter: 2.5 million fliers in the air today and tomorrow, 3 million on sunday. >> my biggeonsecurity lines, especially with the two little kids. >> good

been in the news this week for lots of criticism over the way it's got money out of government apple microsoft you say it's google and facebook is that right. well look there are plenty of reasons to criticize microsoft and facebook and for full disclosure i have a relationship with microsoft now and for even full disclosure i've sold a company to google i actually really like big tech companies are not treated anti-corporate or anti tech companies however what distinguishes google and facebook is that they rely almost solely on the manipulation machine for their money they don't have any diversification they're absolutely addicted to it like petra states are addicted to oil and so it does in my view corrupt them now the things i'm talking about these when appeal ations are all the tech companies engage in them to some degree but not totally so there might be additional reasons to criticize the other tech companies there probably are but it's where is this particular issue of running a mass mental manipulation machine for profit that's really google and facebook and then it's not. well you mak

been in the news this week for lots of criticism over the way it's got money out of government apple microsoft you say it's google and facebook is that right. well look there are plenty of reasons to criticize microsoft and facebook and for full disclosure i have a relationship with microsoft now and for even full disclosure i've sold a company to google i actually really like big tech companies i'm not sort of anti-corporate or anti tech companies however what distinguishes google and facebook is that they rely almost solely on the manipulation machine for their money they don't have any diversification they're absolutely addicted to it like picture states are addicted to oil and so it does in my view corrupt them now the things i'm talking about these when appeal ations are all the tech companies engage in them to some degree but not totally so there might be additional reasons to criticize the other tech companies there probably are but it's where is this particular issue of running a mass mental manipulation machine for profit that's really google and facebook and then. and you know you ma

. >> reporter: apple, microsoft and ibm all losers. retail stocks selling off. after target profits wiping omarket's gains for the year. >> the thing that's driving prices down the most right now in the stock market is a fear that things will not grow nearly as fast in the future as they have over the past few years. >> reporter: wall street heading into the holiday with a bad taste in its mouth. ann thompson, nbc news, new york. >> mystery swirling around a mansion fire in new jersey after a family of four was found dead. this was in the community of colts neck. one adult and two children were found dead inside the home. and the owner, a tech ceo, was found shot outside. but just ten miles from colts neck, another home went up in flames and police believe the two may be connected. nbc's kristen dahlgren has more. >> reporter: the mystery in a new jersey mansion, with the fire still smoldering in the ritzy community of colts neck, police say four people are dead. enormous home. anot>> we are investigating thi investigating whether there is a link to a second fir

apple, microsoft, and facebook all took big hits. the sell-off was triggered by news that the u.s.t a pacific rim summit over the weekend, failing to make progress in their trade dispute. shares of apple dropped 4% following a repot uctirders. checking the broader market numbers, the dow slumped 395, the s&p 500 dropped 45, and the tech-heavy nasdaq tumbled 219 >>> the nation's largest beef processor, jbs usa, recalled nearly 100,000 pounds of ground beef due to possible e. coli contamination. the problem was discovered last week at the swift facility in utah. the beef was shipped to five states -- california, nevada, oregon, utah, and washington. the bulk ground beef was produced on october 24th. included are bulk pallets of swift ground beef and four packets of ground beef. nearly 400 pounds were recalled in early october. >>> layoffs may be looming at general motors after too few employees signed up for a buyout. according to the "detroit free press," gm hopes at least 7,000 white-collar workers would have signed up by yesterday, but the number was closer to 4,000, leave somethi

balk like in eight years microsoft topped out on apple in terms of market cap. >> microsoft didn't haveof a pullback. >> no. high is 116 drop to 300 compare that to the loss it is in apple, and google, and -- amazon. right didn't pull back. >> add my piece on to a l debate. i feel like apple is more of a cash machine than anything else with 100 billion dollars and buyback also the increase in diff end by 16% this year. so it is not trade are on iphones sales or gadget sales i feel about cash return to shareholders. >> which is great i had clients buy it at 103 last week microsoft your very own microsoft stuart and i believed in this, in this bouncy market that we're going to see between now and end of the year the fact that it hasn't pulled back shows it is a lower volatility way to play big tech and i think that's the place to be right now. >> we've spent four and a half minutes on apple an microsoft this is unheard of. real quick on microsoft nonpullback a lot of people dumpled -- people and mtf dropped so that was high growth no saying so microsoft wasn't in there that was sold. that

interesting contrast in businesses what do you think of microsoft given it hasn't had the manic depressive reaction from investors you described appleestors as having. >> i think you have to give credit for what he has done at microsoft. he took a company seemed to be past its prime and found new life by going onto cloud i think what you're seeing with microsoft is rediscovery of growth opportunities outside the windows office space where they were making almost all their money. i think the fact that microsoft has caught up with apple is another piece of evidence that markets go through cycles. the company is caught in a good cycle and can get pushed out this is a race that's long term. not one company forever. >> what do you think of the valuation? >> i think i owned microsoft a long time. i bought it in 2013. it has been in my portfolio. it is not a company i jumped on last month, last year. it has been a solid investment because it is a company that while it is experimenting continues to deliver earnings from the cash cows and those are still windows and office >> back to apple, what is a fair multiple for that stock? >> i think

not only apple by microsoft, apple, amaze and. google keep in mind these megacap stocks make up the half of the nasdaq so 0fare nightly business report, bob pisani. >> as bob just mentioned it's payday in america. not oy did the jobs market heat up last month but wage growth accelerat y afterrs dd stagnant paychecks. the the economy 250,000 jobs, easily exceeding the expectations. the unemployment rate held steady at 3.7%, a 49-year low. wages were the big sto. year over year they rose 3.1%. the biggestnnual gain for average hourly earnings since 2009. and the labor force participation rate rose to 62.9%. and october marked the 97th consecutive monthf job growth. extending an already record breaking streak. >>> well let's turn to anthony chan for more analysis on this strong jobsor r chief economist at chase. good to see you anthony. >> good to see you, bill. >> is this what a goldilocks economy lisks like? hat what we describe here. >> it's encouraging because we aretarting to see wages ticking up, that's what we wanted to do for

at times in week microsoft' market valuation briefly exceeded apple's. but at the close today it was just below. microsoft's market cap came in at 852 billion. you can see it's 6 billion lower than apple. but i does underscore renewed ongth in microsoft after a stretch when the stock was considered dead money. but that change when the new ceo came in.h he p the company in new direction was a focus on the cloud andewer technologies like augmented reality. >>> and with microsoft now a business model for reinventing itself, are there other companies out there that could do the same? david deets is back with us. tresident and chief investm strategist at welt viewpoint management. thank you. >>> thank you,bill. >> a breath taking reinvention for microsoft, right. >> absolutely. it was a monopoly but the legacy server client model started to cmo age, asse transition to mobile, to the cloud. and it kind of lost the which. but thehange in management. reinvig ratewood collaboration and moved toed the cloud and came up with officeu65 allowing o keep the data on-sit

all of apple's decline occurred since october 1st. microsoft, by the way which briefly passed apple as the largest company in the s&p 500 dropped 13% this quarter as well but it staged a remarkable comeback in the last seven or eight trading days now down own 3%. we're about to start the christmas party i wish you were here. >> thank you bob pisani at the nyse, given all the moves we thought it's the perfect time to play a little deal or no deal and who better to do that than the deal or no deal host executive producer himself howie mandel welcome, howie to the show the rules, here is how it works. guy will be the contestant for today he is with howie each of the trade letters hold up a case. guy picks the trader and then they reveal the stock on closing price. then they are confirm it's a deal or no deal. set with the case sns howie, take it away. >> you just explained everything the idea is for me to explain. did you hear what she said. >> yeah but i'm not that bright, howie. >> did you not understand -- they got three cases each of the cases

has a larger market cap than apple microsoft, welcome backour rbi will talk about how much apple has lost. >>> let's bring in kai sasaki. it seems like every time you are on we have this volatility last time you were here dow futures were down. not down that much right now you just heard that report how big of a worry is the trade tariff spat to wells fargo and your clients >> to our clients it's causing a lot of buzz, absolutely. in fact we start to communicate to our clients to look at five key risks around the markets generally. one of them happens to be trade. >> where does that fall on the ranking? if it's not the most important thing or the thing they worry about the most, what is? >> it's probably very prominent. it's most prominent because it overlays into the second aspect around concerns around chinese growth, which then also overlaps with slowing global growth concerns as well all of these things are not mutually exclusive they coincide. the tariff situation now, we had another headline yesterday where the white house was communica

session highs 169 points now and take a look live at the market caps of microsoft and apple because microsoftn the lead $849 billion market cap ahead of apple. it would be the first time it would close bigger than apple if it does that today as a moment it looks like it is. apple is down near lay percent we'll discuss that and keep an eye on it throughout the close >>> facebook sheryl sandberg under the microscope we'll discuss what it means for the future of the company. >>> and up next will the trump-xi meeting give investors something to cheer about something to cheer about that's when we come right back decided in as little as 60 seconds. the powerful backing of american express. don't do business without it. you're in the business of helping people. we're in the business of helping you. business loans for eligible card members up to fifty thousand dollars, decided in as little as 60 seconds. the powerful backing of american express. don't do business without it. welcome to emirates mr. jones. just sit back, relax and let us entertain you... ...with over 3,500 channels of entertainment, i

the market cap of microsoft and apple has since been no and neck. .- neck and neck apple shares have umped 20% since an early october peak. here to talk about the months ahead, cathie wood. microsoft and apple are going back and forth all week. do you think it is a sign to come for apple? apple i actually think because analysts are focused afd's andn units and average selling prices, i think it has reached a period of under evaluation now having come down this much since earnings. i think they have pushed the pricing envelope a little too much, but their services business is becoming very interesting not only the app , store but also all of the ways they are getting involved with health care and augmented reality. i think this is going to become a services model which is a higher multiple or it'll achieve a higher valuation at the end of the day. emily: still there is this uncertainty about trade. how concerned are you about potential tariffs on the iphone? isaac: well, -- cathie: well before i heard , today that peter navarro was back on the invite list to go to argentina with presid

connell: the battle for the top spot if you will, microsoft and apple neck and neck for the title of being the most valuable company in the world. quick comment from each of you on this. jonas, you first. is this a microsoft story or some other story of apple and these other so-called fang companies lose their value? >> it's a very interesting story that apple, excuse me, microsoft is still in the game in market cap against apple, who is most innovative company of all time. microsoft, everyone talks about cloud base not doing well. they're milking this monopoly they built decade ago. this is not a company you really want products. i'm a little mad, few hours ago, i was having window 10 problems i have to install on mac runoffs thing they get a money out of monthly basis out of me to run my old excel sheets. it is huge cash cow. apple doesn't run at that way. a monopoly of a different kind. microsoft is stable monopoly. investors like that. where "fang" stocks are collapsing. connell: scale matters. you hang around, danielle, interesting story, what do you make of it? >> that is true.

apple. microsoft was the last in the lead in 2010. on tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm paul allen. this is bloomberg. ♪ this briefourse, point in time when you have microsoft overtaking apple, it has really grown through. i think i do have the market cap for you at the bottom. there is your wife from over $1.1 trillion, about 830 right now. that is a sizable move down in the market cap for the company. what is the sales side saying about this? they are less optimistic over the stock, less bullish. the percentage of analysts that cover the stock that give a buy recommendation on it, you are looking at just over half right now. that has come down from virtually 90% a couple of years back. buy, 19 say hold, 2 say sell. haslinda: it is down about 25%. if you look at the rsi, it suggests that the stock is oversold. concern about iphone sales in the apple ecosystem is still very valuable. our guest joins us from san francisco. good to have you with you -- with us. give us a sen

the battle between microsoft and apple to be the world's most valued company for the time-being. former top official at microsoft why he favors that company over that other company. after this. ♪ neil: we're getting confirmation from the white house it plans to hold a roundtable with technology executives including principles at microsoft and google, oracle, and qualcomm. there could be others as the list grows. former microsoft coo. always good to have you. what do you make of that? >> i think what you're see something that the tariffs have been a burden that caused a lot of negativism and the president is anxious to get the take from these technology companies who are quite die pen dent on foreign -- dependent on foreign talent and tariff discussion and talent discussion people being forced back to their own home countries because of our crazy companies with regard to technologists need to be put on the table. neil: your thoughts on this approaching g20 summit, what is being a matter of great interest to u.s. ceos, what is going on the trade front, whether the president makes an

. >>> is microsoft the new tech heavy weight? maybe. it briefly overtook apple to become the most powerful according to research data. microsoft closed up 107 points. that's about .6%. apple closed down. so there you go. they changed leadership there. microsoft's rise is fueled by its ability to avoid the disappointing earnings results and increased regulatory scrutiny that applied many of the big-tech rivals recently. >>> "early start" continues right now. >>> what does robert mueller know about trump associate roger stone? new court documents just obtained by cnn. >>> and president trump says he has a high level of intelligence, and still his gut instincts are better than anyone else's brain. >>> we can go forward, and we're not looking back. >> a republican win in last night's senate runoff with the balance of power in the house continuing to turn blue. >>> plus, how a party stunned, a gender reveal, goes wrong, sparking an $8 million environmental disaster. >>> good morning, welcome to "early start." i'm christine romans. >> i'm dave briggs. not a fan of the

. >> i agree with adam but i also look at the big technology companies, apple, microsoft, google, amazonhen i look at facebook and i think facebook is in a very vulnerable position scandal or not. >> yeah, very vulnerable position this stock when it blows through 100 back into the double-digit somebody is going to be leaving to spend time with their families in the executive suite and somebody was leaning in too far it looks like and i don't think it's going to get better, and it's not that zuckerberg is i don't think he's capable of running a company that's this political at this point and this large globally, the genius era is over now and it's like you've got to manage the public and they're very bad at that. i think you raise a good point i listened to his comments today and he sounded sort of tired of the whole thing. he wants this to go away but the problem is it isn't going to go away and at the very least, facebook is going to have to hire a whole lot more people to try and self-regulate and i just think that's a cost issue and a political issue going forward. i think they have s

billions of dollars for individual transactions whether it is hq2 or foxconn or data centers like apple, microsoftgoogle, facebook -- it is a crazy a dynamic. there's a long history in america of a very corporate-dominated site location system. it is about 80 years old and was born in new york city. even a president who has endorsed this race to the bottom, this war among the states, so-called, by sponsoring foxconn when he parlayed that for thelast year subsidy package in wisconsin. that foxconn package is melting down. it was valued at about $3 billion from the state to begin with. $4.7 millionth of because there is been a ton of local and infrastructure aid for on top of it. now we are getting different product lines, high degrees of automation, rumors and reports in "the wall street journal" of chinese engineers having to be brought in because they're having trouble recruiting sufficient white-collar workforcrce. it is no secret governor walker put out by the voters last week had stopped touting that deal on the m merits becaususe it was melting down so badly. amy: and jobs dropping from 13,00

te giants like apple and microsoft took hits along with retail stocks after target posted disappointingrofits. this allft comes aer big selloffs last month over concerns about rising interest rates and trade tensions. >>> right nowooolice areng for a man who exposed himself to a student on the university of maryland campus. the female student says this happened on mday night at mckeldon library. she and others chased after him but were unable to find him. police are reviewing secury cameras. >>> a woman who admits to using a racial slur on video has retired from her job with the prince gorges county school system. the controversy is far from over though. our county bureau chief tracee wilkins broke this story on twitter and tells us what happens next. >> reporter: there are a lot of people who admitted to calling the african-american man the "n" word was works as an elementary school. now she has retired. sources iysthe schoolm say she's on leave and that ecretirement will take e in december. the school system was investigating this incident but sincre her rement, there's pretty much no

that tells you all you need to know about what apple has done lately and microsoft, look, it's weatheredt big tech storm to some respects. >> absolutely. apple had, apple was the name that was hanging in there and then that was given up a well and that really has been on this decline. even on today's take when we looked at the strength of the market and you look over at apple and see it going into the red that's shocking. microsoft has hung in there extremely well as a matter of fact somebody in there today i'll jump to the unusual activity somebody in there today, the 105 calls, three weeks out not two weeks out, three weeks out from where they are right now. buying the 105s. that's right at the money. that's somebody that's anticipating that the stock actually has some elevation over the next three weeks from where it is right now and betting on that by paying just under $3 for these options, 4,000 trade today. pretty aggressive. like to see that stock is about 10% off its highs. it makes sense if people are trying to defend this thing that maybe this is the time to step in for microso

let's get to mike bertolli >> thank you very much it is a big tech face-off, as microsoft inches closer to overtaking appleas the most productive company which of these two names is set to rule them all in terms of market value mark tepper, frank capilari. mark, if you had to cheese, which one is it? >> microsoft stock price movements are all about rate of change microsoft is becoming stronger while apple's growth is decelerating i used to think of apple when someone mentioned innovation but the problem is they forgot how to innovate. their mac books don't have a touchscreen option that's probably to prevent the cannibalization of an ipad that's a miss. two bullish is on cloud and gaming and microsoft is huge in both cloud usage continues to grow. there's a lot of median size businesses that are going to resist shifting from everything they've invested into into 100% cloud over the course of the next few years and microsoft offers them a hybrid solution. when it comes to gaming, i don't think everyone realizes how real this industry is more people watching legal legends than nba and olympics. the legal leg

the biggest point drags, taking a look at apple with microsoft, down 2.6% on the bear market with fears around week iphone demand and a crisis in confidence for tech that has been up so much over the last couple of years and investors running for the exit on the possibility of government regulations with microsoft trading down in sympathy with apple and then we see berkshire considered todly be a tell on the market, a broader basket of stocks there, down in sympathy with the declines. and of course, guy, you were talking about the fact that we have losses following europe. let's take a look at what's happening on a quarterly basis. this is interesting, out of 2008 we can see in the fourth quarter a big quarterly decline for the s&p 500. i would like to take the point that earlier this year the march quarter was down on the year in right now we are looking at a nearly 9% decline for the s&p 500, two down quarters in a year, a big hold if that happens and interestingly in 2015 and 2012 with 2008 we had down fourth quarters and it appears we are on pace for that kind of decline but we do s

apple. data shows microsoft was last in the league in 2010. ple has slumped this month on concerns of -- over iphone sales. unilever is said to be in exclusive talks to buy -- from a drugmaker. a rival bid from net -- nestle -- beaten to buy them all multi-beverage. it could come with a price tag of about $4 billion. that is your bloomberg business flash. that,thanks very much for desley humphrey in dubai with the latest on horlicks. deutsche bank mulling a shakeup in its top ranks again as regulators express frustration. a source told bloomberg the bank's chief regulatory officer and tom patrick, who runs u.s. operations, may leave the company. any final decisions have yet to be made. the reshuffle could serve as another blow to the credibility of the lender. the stock hits a record low every couple of weeks and investors worry it is being drawn into more recently danske bank's multibillion-dollar laundering scandal. joining us from frankfurt, and german banks reporter. how certain is this and where does it come from? at people getting pushed

but then apple went back into the best spot. the last time microsoft more than apple was back in 2010. the president's comments are causing the stocks to drop a bit. the dow jones industrial average has come back quite a bit. it was down almost 200 point p and now a live look at the big board, 4 points, .10% to 24,615. just as i walked in here, the s&p 500 and the nasdaq sliped from red to green. so they're both up a little bit. a new report said that take home pay is increasing but at the slower rate in ten years. the international labor organization global wage report said that the pay increased only by .4%. and despite progress in some countries, men are still paid about 20% than women. and we have been talking about the retail sales and cyber monday and the numbers coming in p and retailers estimate that consumers spend $60 billion between black friday and cyber monday. so you figure if everyone gave 1% of what they spent, we would raise $600 million for nonprofit. >>> we're still following the latest on the camp fire. the questions that many peopl

apple microsoft, google, facebook all leading the losses lower today. >> thank you both very much for that summary of where we stand with 22 minutes left until the close. we'll keep a close eye on the markets. we are higher for the week still to come have been a bright spot and taking a turn lower today on the back of weak guidance the company ceo will join us exclusively to join that particular move. >>> shares of ge have lost half 06 their value this year what is bendhi the latest plunge next ♪ the new capital one savor card. earn 4% cash back on dining and 4% on entertainment. now when you go out, you cash in. what's in your wallet? now when you go out, you cash in. will it feel like the wheend of a journey?p working, or the beginning of something even better? when you prepare for retirement with pacific life, you can create a lifelong income... so you have the freedom to keep doing whatever is most meaningful to you. a reliable income that lets you retire, without retiring from life. that's the power of pacific. ask your financial professional about pacific life today. >>> individ

amazon, apple, alphabet up, microsoft tiny fraction.ump. larry kudlow, welcome back to the program. thank you. >> open up on the screen to tweet the president turned where he's talking about his call was xi jinping of china. that's a relatively positive tone that is taking on china trade. can you tell us anymore? >> i can't go into details but you're quite right. i think what's really important here is number one the call itself because i don't think they've spoken in a while. number two, they did talk about trade and number three, the trade talk was, let me say, had a positive tone. no deals, no nothing like that. i guess people should assume at this point that the g20 and a couple weeks down in argentina they will continue their discussions and trade will be on the agenda. that's the read i would use. stuart: we got it. we'll take it as a positive. all morning long i've been saying that wages are going up short sharply at 3% gain. consumer confidence is at an 18 year high in saying we in for a great holiday season. they be a blowout f

back and forth microsoft battling out with apple to be the most valuable company in the world by market cap. microsoft's head of cloud sits down with us next. don't go anywhere. >>> theres is no preset position >> the president's rhetoric is influential. >> he'll make sure everyone knows he's independent >> sure feels like happy holidays courtesy of the fed >>> welcome back to "squawk alley. twitter shares plunging now down 7%, down as much as 8% the worst day for the stock bringing it down to levels not seen since late october. now, there is no fundamental news out about the company today but yesterday twitter suspended a fake account impersonating vladimir putin that had gone undetected for six years and had over a million followers and a political -- politico article note that fox news has not tweeted since november 8th when they said the callout of this silent boycott, quote, would spook some investors guys, back over to you >> thank you, julia. i was wondering why it was so weak now we know. well, stocks are near session lows here's a snapshot of the s&p 500. the u.s. ten-year trea

after president trump threatened to slap tariffs on all chinese imports, including the iphone apple and microsoft the most valuable company in terms of market value. apple still holding the tospp ot by $6 billion. "squawk on the street" back after this >>> oil hover iing over $51 a barrel, up 52 slightly the past three days still in a very steep downturn, down 30% from its recent high, watching energy stocks as well, energy sector spdr has been tracking crude lower, down about 15% from its high. joining us now post nine to talk about oil and the stocks, managing director tim resvan also with us, head of energy resear research doug, how do we characterize where crude sits are we working through russia supply or is it a new range for oil? >> we don't think it's a new range. we think that price is headed higher on the demand side these edis have declined in six consecutive months i care about that because they're pretty good proxies for all demand and that's a headwind. make no mistake we have to have better economic growth for the oil market to do better. simultaneously, we have north american supp

it is bio tech comcast is in the nasdaq so it's not purely tech but if you looked at apple, microsoftphabet, those stocks are something like 40%, just the top five >> and a point you made before when you consider the percentage waiting of those names and the s&p it means it is hard for the net performance of all sectors to be up >> it takes a lot of other stocks to be up for any weakness, absolutely >> thanks very much. let's take a look at how we finish the day on wall street. the dow down 2.3%. the s&p down 2%. russell rounding things off down 2% we were in the red throughout the session. accelerated selling as well. >>> time now for a cnbc news update >> hello here is what's happening at this hour everyone. israeli air strike hitting a tv station. the station went off the air after the strike and witnesses say the blast destroyed the entire building but it is not yet clear if there were any casualty >>> the union ratcheting up on british prime minister that progress is being made in brexit negotiations at a meeting the brexit negotiator telling eu ministers that intense negotiating

and microsoft is once again locked in a battle with apple to be the world's most valuable publicly tradedny. microsoft topped its long-time rival yesterday after the first minute of trading and the two companies then swapped spots several times during the day before apple reclaimed the title it's held for 7 years. apple finished with a market value of almost $827 billion while microsoft finished at $822 billion. >> diane, many americans are dreaming about their ideal retirement lifestyle. we understand that there's a new survey about this. >> n halfof americans dream about retirement four or more times a week according to the survey. as for where people want to retire, 78% want to retire in the u.s. versus abroad. people generally do prefer warmer climates. the top preferred cities are miami, san diego and denver. >> all right. so four or more times a week on average. but for those of us on the morning show, probably more and we're always dreaming about sleep. >> reporter: exactly. sleep. but also i wasn't even thinking about retirement. i'm like -- it's decades. >> yup. diane king hall o

that battle between apple and microsoft. >> yesterday we got down to 170.26 today to 170.88. you have the breakout in apple i think they're at a support level, again, i don't think you'll have significant participation. >> kevin o'leary, tariffs are still a big part of the conversation which, you know, you've sided with the president's policy we had another dow component ceo come on the network this morning talk about the negative impact of tariffs listen to what greg hayes had to say, and we'll kick it around on the other side. >> tariffs benefit no one. we're going to spend $150 billion in the coming year to pay for these additional tariffs. ultimately tariffs become a tax on consumers we've raised prices three times this year to cover the costs coming in. tariffs don't bring jobs back. tariffs don't accomplish what we're trying to accomplish >> do you want to respond? >> i'm a big supporter of him and a big believer in his guidance of his company and i used to be a shareholder i'm no longer a shareholder. i don't like what he's doing in splitting into three pieces. more cos

microsoft, asmusen ob google apple. do you stick with the maga trade? i mean, the father of the maga trade. >> as the father of the maga trade we actually had hats made. we wanted to be in with this we have hats for all of you guys chris with cnbc hooked this up. >> thank you. >> i'm not messing up my hair right now but i will put ton later. >> here is the thing about the maga trade i don't think this is trump's market anymore it's this market, in maga. at the end of the day, look at the performance we saw today, the outperformance we had, microsoft up 3 process.54% apple up 3%. kbogle up 3.5% and amazon up 7% almost. i think the direction of the market from here on out is this maga very little to do with the president appear the white house has to do. >> cool hats, thank you very much. >> thank kristen. >> these are driving the market. >> yes. >> but i'm unclear whether you are positive or negative on tahoe. >> i do think this. >> you go back and forth. >> i think the pullback was necessary. there was too much sentiment in the fourplace names. they mad

important right now and the most important thing is very chloris maga the maga complex, the microsoft, apple, google, amazon. give cramer a nod and thank. we started to see the breakdown in all those stocks without that leadership it's not coming back. >> if maga stops does the breakdown andening fang is it hinging on the fed trade. i think the cracks in the thanks or the last to fallen credibly unhealthy for the overall market, makes me worried we are watching a bigger collapse any of us probably had even thought would happen. >> i think it's more -- the fed's part of it trade is part of it. but also looking at expectations, guidance the next couple quarters it's not a great as market as investors expected. the stock market is looking out six months a year ahead. and the stock market says wait a second maybe this is as good as we get we talked about the fact that the bond market tells a different story. it tells you, the economy is pretty good. we don't have a lot of inflation. economy not bad. stock market completely different. gdp as dan brought up, that's a backward looking indicator we

. >>> microsoft is once again locked into battle with apple. e the world's most valuable publicly traded company. microsoft topped its long time rival yesterday after the first minute of trading. the two companies swapped spots several times during the day before apple reclaimed the title its held for most of the last seven years. it finished 826 billion while microsoft finished a8 hundred twenty 2 million. >>> and two years after hyundai launched its new vision is taking home the award. the new sedan took top honors. they called it smooth, quiet, fast, nimble and a great value. it starts at around $35,000. year and jeep wrangler was named suv of the year. anne-marie. >> diane king hall at the new york stock exchange, thanks so much, diane. >> thank you. >>> still ahead, nfl controversy. the washington redskins claim linebacker reuben foster after his domestic violence arrest. stop fearing your alarm clock... with zzzquil pure zzzs. a drug-free blsoou can szeheorn zzzquil pure zzzs. forget about vacuuming for weeks. the (new) roomba i7+ with cle