we are talking about activision, not necessarily microsoft.akes the timing of this a little bit curious. caroline: curious, but perhaps why they went for the timing. the ceo of activision facing a lawsuit in california and the ftc is investigating. you've heard these complaints about discrimination and harassment, and the ceo potentially knew about it. they have been interned -- they have been trying to improve the culture but how can they move on it? romaine: we should point out this isn't just activision. we've heard anecdotal evidence saying that there is a broader culture in this industry that in their mind needs to be changed. taylor: let's get some more insight into some of the things that may or may not need to be changed. our guest has researched identity and video games. in previous conversations, we talked about maintaining a culture of innovation, but needing to shift the culture that has traditionally been within the gaming industry, how are you thinking about the culture and how to innovate in an appropriate way? >> absolutely. th

i the microsoft makes a $69000000000.00 back on the maker of call of duty. the deal will make microsoft one of the biggest sources in the video gaming industry, and hopefully in the future a sick men of our will go to new york for analysis. major us airlines are wanting passengers that catastrophic disruption is heading their way all because a 5 g will explain why. and we take you to the highlands where the humble jellyfish is becoming a prize patch for local fishermen. chelsea delaney and berlin, welcome to the show. microsoft says it will purchase, act, division blizzard, the gaming company behind call of duty and candy crush saga for almost $70000000000.00. it is the largest video game industry deal ever and will turn microsoft into the 3rd largest video game company in the world by revenue. that's behind playstation maker, sony in china's 10 cent microsoft already makes p x box gaming system, but the deal will give it a powerful foothold in the virtual reality space known as b metal verse. now your quarter are correspondent in new york, joins us now. now

will microsoft run into some hurdles? >> the question is what regulatory bodies won't it go through. there are so many jurisdictions around the world. we think the deal might need approval in china. were microsoft has a footprint. we know the eu always shows keen interest in u.s. tech deals. then there is the doj and u.s. ftc. are trying to figure out which of those bodies will have oversight over this one. but certainly it will come under a lot of scrutiny. i would expected to take over a year to be approved. the companies have said we will not see it approved until 2023 at the earliest. we will be talking about this for a long time, given how much is at stake. emily: let's talk about the controversy surrounding activision, blizzard, there has been calls for the ceo to step down. he is staying in that job, according to the terms of the deal. talk about why microsoft is taking this risk. talk about making gaming more of an exclusive industry. i wonder whether that factored into this deal as a potential risk. >> definitely

microsoft $130 billion of cash on the balance sheet.ow are we thinking about big tech and these companies as the safe havens? nir: i daresay i think investors are starting to rethink that. ultimately, yes it comes down to balance sheets, yes, profits. it also comes down to valuation. i would argue nothing is safe at a high enough valuation and investors will eventually look at that and say i do not know if we are comfortable with this. it may no longer be safe haven we consider a year or two years ago. the question is going to be whether there is contagion. you can imagine the scenario where investors rethink valuation there and everything else gets hammered. you can also a replay of the late 90's and 2000's, it's early days so we cannot judge based on the last several weeks, as this goes on, if it goes on, you have a big spread in the performance in tech and large growth wears everything else is cheaper. i can imagine that scenario. it is too early to know what we will get, but if you have been avoiding the frothy segments of the marke

why is microsoft taking on another scandal? dina: in terms of cleaning up the issue at activision, part of their due diligence is reviewing. if the deal closes, it will not close for another year. microsoft is comparable they are on the right track or they would have done the deal. they feel comfortable, even though -- they can fix things. as we just discussed, for a few other reasons i have not mentioned. mobile gaming is really important. microsoft has no position in mobile gaming right now. activision's leader. the metaverse, this is a huge bet on the metaverse. various companies, facebook, apple and others are talking about this virtual world that they want to develop. half of the strategy is located in their gaming initiative. they spoke yesterday on a call about multiple metaverse's. how this still gets them many more communities and creators that can create and be active in a different gaming metaverse. that is very strategic for them as well. i also want to mention, this deal should let them bypass the apple store attac

so clear to see why microsoft wants it also interesting, dee, i think that microsoft is in a culturalition to be seen as competent to take over the mess that bobby kotick made over there at blizzard that's quite a transformation that satya nadella has been bringing microsoft through. >> you see activision employees tweeting this gives them hope the culture can be cleaned up. m & a, yes, microsoft has been active 7.5 billion was only a year ago and minecraft what a brilliant move that was in retrospect and that was only $2.5 billion of course, carl, this is a much bigger purchase. i thought something that phil spencer said in the interview earlier on "squawk on the street" was really interesting he said that it's going to offset distribution capabilities that microsoft doesn't have on mobile devices he said the largest gaming platforms are the mobile devices owned by and controlled he said, he used the word controlled by two companies. i feel like we're getting a bit of what's going to be that anti-trust argument. we're going to be talking about this later with julia, i know, as well.

we'll see how it plays out from here now, alphabet and microsoft, we have microsoft reporting after the close today. take a look at how they have done over two years. it's really important context. this is a pretty savage pullback off very, very strong levels almost exactly the same return for these two. they have outperformed the rest of faang microsoft down almost 20%, but still up big over the course of two years. that's the push/pull there's valuation premium still in there microsoft forward pe multiple, it raced up last year into the mid-30s even at a premium to the overall nasdaq 100 this is relative to the s&p as well we have come down sharply in terms of earnings but we're still 30 times this again is the off setting current. we have a discount off what we were willing to pay last year but on a longer term scale, not particularly cheap, even though the premium for the s&p is not too different than it has been the last few years >> that's outstanding. mike, in terms of you saying the market has done all we would want to see it do over the last 24 hours, but there's still more to

that is microsoft. they're returning money to shareholders cloud is growing stock was vulnerable, 35 times forward earnings. fundamentals continue to be strong i like the activision play right now. i think there's room to down side i said before the print 5% to 10% lower gets you to the annual 5% valuation, maybe more to go >> 20 more minutes until the call is underway, we'll see about guidance then. meantime, adam parker with us ceo and strategiy morgan stanley great to see you what do you make of the volatility. >> to me it's just a classic growth scare i got a few gray hairs on my head, 12, kind of 10 percent sell off in equities since the financial crisis so i think you have to look what's causing it. i think clearly in the beginning was perception change about weights. and now people are worried maybe earnings won't be higher next year than this year. i think that's pretty common one thing i totally agree with, we study what works on positive growth stock sell off and positive expansion and busines

i think most enterprise companies that microsoft is doing business with today, they have seen their microsoft bills go up, no dquestion that's why the company continues to grow at impressive growth rates. the difference is what is the value that they're getting they're being able to exit hosting their own data center and their own server and storage by moving to azure on the productivity side, you see things like teams. you even in security with their office business, driving a lot of upsell there, you know, i think customers are finding that roi is really high, despite the higher price, and i think over time, our view is that i.t. budgets are going to continue to grow faster than gdp, just as companies continually digitize more manual based processes and microsoft is really well-positioned to take advantage of that. >> all right, tyler radke, thank you. >> thank you >>> meantime, turning to chips, texas instruments beating the top and bottom line for the fourth quarter sending the stock up more than 4% this morning, the company planning to increase spending on industrial and automotive, whic

definitely microsoft's biggest deal ever. two point $3 trillion company spending six to $9 billion to buy activision blizzard, and acquire the crown jewel, call of duty. goldman sachs was a soul advisor for microsoft, continuing a hot streak in investment banking, on a day that its fourth-quarter trading revenues came in lower than expected. that decimated shares. activision had a soul advisor as well, so real deal fees coming in for bankers. what it means for them and the world of video games. this is bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller. with jon erlichman. it is our stock of the hour, microsoft, spending 69 billion dollars to expand its presence into the game and videogame industry. gritty has the details for us. kriti: $69 billion deal for a $2 trillion company. $95 per share, that is how much is getting bid on. that marks a 45% premium. activision has come under quite a lot of scrutiny for the sexual harassment case which has weighed on shares, in addition to falling under the pressure of the chi

microsoft buying activision.k about another deal that most likely jim is not going to happen but it is interesting. here i'm talking about glaxosmithkline, which is planning to still spin-off its consumer health care unit even though it's got a bid from unilever that would value it at roughly 20 times trailing ebita. and you can see what's happening to unilever. this is interesting. unilever shareholders are saying, are you crazy thinking you're going to pay that number? 20 times here's a barclays note we see the deal as being very complex to execute in normal times, let alone in the middle of a global pandemic management creditability is already an issue this deal will be hard to stomach given the many positive that is we also see. jim, you got that on one hand. shareholders saying, whoa, you want to pay that much? and then you got them saying no, thank you, we don't want this. because they think they can have this valued at even more than where unilever is willing to pay? >> i debated it. i'm thinking there's a

there's some really interesting things in here you hear a lot about microsoft and microsoft's successthe cloud. well, if you look across our 14,000 customers, of all the customers that use office 365, 45% of them also use zoom. 33% of them also use slack in fact, zoom and slack usage in terms of users and customers is growing year over year quite aggressively after the salesforce acquisition and google force is using 38% of the customers. whether it's most, whether it's slack, zoom, salesforce have tremendous opportunity to deliver great new technology to customers and you're seeing that bear out in the imperical data if you think of the long term, tech, transitioning and every economy giving workers great tools and technologies, these companies are great long-term bets. >> todd it can be an important part of an earlier stage, even public company's growth and you know, i think stock prices can even play a part in the recruiting process so what can you tell me about how this overall market has shifted the way you're able to approach or are approaching private companies for conversation

low i think as the market goes, microsoft goes, as microsoft goes, the market goes. >> tony, your last words on this trade? >> so i do think that we have to look at the azure cloud business i think that is going to drive some upside here going into an earnings event and because i want to protect myself, i'm using an out of the money call trend in this structure. >> check out our website and sign up for our newsletter here is what is coming up next. >> till to come, ships happen, usually in the options chest game, we anticipate change but when surprise change turns you into a pawn, you could still use these tools to get yourself out of debt. the proffer explains. >> plus calling all fans, reach into your pocket and grab your phone and tweet us your question at options action. if it is nice we'll answer it on air when "options action" returns. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and

but what does microsoft hoping to accomplish with their biggest ever acquisition from microsoft in the enterprise visit the cloud strategy? that's been the home run success over the last decade under the della. and it's part of why the stock is where it is. 2.3 trillion, but the consumer strategy has been on a treadmill approach and they needed to do an aggressive acquisition. you could activation, i mean that checks every box stocks, obviously bit under a lot of pressure given and c e o issues and from microsoft i in our opinion right, move at the right time for a company that, that by the end this year without doing a deal would have been about a $140000000000.00 of cash. now you mentioned the timing of all of this was this case. we're activision essentially was in a position where they needed to sell due to the allegations and the lawsuit and the fact that some companies were reluctant to work with them and did microsoft suite and that deal by paying a premium for the company. yeah, it's a great question. activision clearly had their back against the wall now didn't necessarily need

microsoft is actually up 25% over the past 12 months, and with momentum around microsoft's cloud business, which is expected to continue, analysts see a buying opportunity right now. going into earnings this afternoon, 93% of microsoft analysts have a buy rating of 7% have a hold and there are no sell ratings analysts expect 18% revenue growth and a 14% increase in earnings per share for the tech giant. in addition to the growth of azure, considered the growth driver here, teams could be another tail wind. now, on the downside, analysts are watching foreign exchange rates and also tough comparatives with a year ago quarter. deutsche bank writing microsoft remains uniquely positioned to facilitate the rapid shift to digital with the cloud-based solutions for modern enterprises. our checks show no signs of the trends showing in 20 22. microsoft's outlook will be closely watched as an indicator for the rest of tech >> certainly will be on that note, i'll toss it to you. what do you do with the stock this afternoon >> i think you're holding microsoft, you continue to hold. i think it's good.

microsoft to buy activision/blizzard for $95 a share, close to a $17 billion deal and would make microsoft's third largest gaming company by revenue. activision up to 90 and the premarket from up 37.6%. microsoft down 3.4%. tom: the power for cash and profit. there is no question about it. you wonder if we will see this within the challenges we've outlined today. we see a strong taking of some of those challenges? we have to follow that through the morning. jonathan: for $68.7 billion deal. unreal. goldman numbers. trading a little lighter. headcount up 8%, compensation up 33%. that is the story. tom: right now jon and i and lisa would be in davos. there are some interviews, some we are not doing. we are thrilled to move from davos to the realities of our pandemic studio to build winters , chief executive officer of standard chartered. the graduate of colgate university is someone with american experience and someone with important third world living of standard chartered bank. jonathan: very happy to catch up with bill winters of standard chartered. can you take us inside the bank to tell

we will have to see if microsoft faces pushback. imagine that with gaming so mainstream and touching the consumer in so many ways, this is something they will really look into. some questions regulators will be thing about, will microsoft be too dominant in gaming? they own xbox and they do make some software like the "halo" games. owning the "call of duty" franchise will give it more power in the market. in wonder whether activision's biggest rival will be fighting this. many different regulatory bodies all over the world. in china, will this face regulation there? what about the eu? this is going to be a really drawnout, protracted review that we should be -- we could be watching for years, potentially. guy: this is about gaming, but also about the metaverse. how should we think about the metaverse from an antitrust point of view? we don't even know what it is yet. leanna: it has the sort of buzz word thing that regulators might want to look at because they know it will be in the headlines . halo has been online for a long time, b

the story around microsoft is always fascinating. just how ready investors are to punish these big tech companies if they don't meet across the board. microsoft ended in terms of post market trading higher on the back of some reassurance around its cloud business. here is how the markets are opening in the u.k. as we lead across to that fed meeting and the decision. will we get a dovish tone from jay powell given the volatility we have seen across these asset classes? does he reassure or do we get a more hawkish jay powell in light of the four decade high inflation? the cac 40 is higher by 64 points. the spanish ibex is gaining, 0.7%. there is a view that if you want to find a safe haven, you can find it in european equities with the tilt toward value encyclicals. are playing out across assets. -- let's look at how things are playing out across assets. the warning from joe biden that putin himself could be for the first time targeted with sanctions. the ruble, we will get that shortly. futures stateside pointing to gains of 0.3% afte

microsoft will acquire it in an all cash deal at $68.7 microsoft approached activision after questions around the handling of sexual harass chltd and misconduct claim just the ceo addressing the concerns earlier on cnbc. >> any issue of harassment or discrimination is something that i would take seriously and do, and like many companies we had some challenges and worked through them we are committed it is a focus of mine and continue to improve the culture with the expectation of being the most inclusive workplace culture. >> let's bring in the guests brandon, how much did this scandal which no doubt tainted the reputation of blizzard, bobby kotick himself how much did that play a role in getting today's deal done? >> absolutely the catalyst for this deal happening. basically, in the studio business the talent is the life blood of the business and bobby had unfortunately lost the talent at act ivision blizzard there had been walkouts, revolts, a lot of employees and management quitting and it was time for him to wave the white flag. >> so what does that say about what microsoft is now

on the news coming out on there microsoft shares down 2.78%.where that deal is anticipated to happen at $90 a share. it closed at 69.49 on friday the company at that point with almost $51 billion market cap, this is a big deal, a very big deal, activision blizzard shares up by 37% up to $90 as i mentioned. microsoft shares coming under a little more pressure although we've seen them under pressure because of the higher yields you have seen in the treasury complex 301.55. still looking for the details of this again, it looks like this is news that's just coming out and just reading through some of the headlines on this, bobby kotic will serve as the ceo, reading through more news, this is hitting the wires right now microsoft will be acquiring activision blizzard for $95 a share this says in an all cash transaction valued at $68.7 billion. it's a big premium after about 45%. watching what happens with this and obviously there has been a lot of news, gentleman, coming out about activision blizzard. the news has come out over the last several mont

ed ludlow, microsoft is the one we are watching? it is the first mega cap to report this quarter. if you look at nasdaq futures, they are paying attention, 20% topline growth in the quarter, $51 billion of sales, a beat on the bottom line and yet markets are focused on asia and cloud which grew at a humble rate of 46%, 46% growth in cloud and the market is disappointed. the bar was very high for a topline beat, and there are worries about decelerating growth. some positivity, texas instruments, i love texas instruments. really interesting, the biggest maker of analog processors. they are going into all kinds of gadgetry, the market up more than 1.5% after hours because the outlook is good on a day when semiconductors are getting hammered. this was a risk off day, tech stocks under pressure, we saw the nasdaq 100 pare some losses, but he gave up, closing down after the session two point 5%. if you look at cryptocurrency, bitcoin came from $33,000 monday and trading $36,007 per token now. but there are a number of constituents roughly

microsoft - get here anyway? it made a difference. microsoft so - get here anyway?rence. microsoft so a lot of success with the subscription model. a lot of these acquisitions are going to get pod into this. they are trying to shift the equivalent like netflix of gaming. they have 25 million subscribers now and all of these acquisitions will continue to pump into the service and get more monthly subscribers and that is where the money is. is subscribers and that is where the money is.— subscribers and that is where the money is. is there a sense within the _ the money is. is there a sense within the industry _ the money is. is there a sense within the industry this - the money is. is there a sense within the industry this could l within the industry this could be anti—competitive? it is a massive deal, it is the big, big names. ifeel that way massive deal, it is the big, big names. i feel that way to some? i big names. i feel that way to some? , , ., . , some? i suddenly have concerns about the idea _ some? i suddenly have concerns about the idea we _ some? i sudden

microsoft was the real keep.here, tech can work in a rising interest rate environment, but earnings have to sound positive it provided the positive body language that people were looking for. that was the real key why we're moving to the up side. nvidia was down 35%, all the semis bouncing today this is a critical turnaround. the other beg theme is oil, inflation, geopolitics, the new high list is basically just energy stocks. exis -- seven-year high in oil a lot of geopolitics around oil and supply issues higher cost is still a big issue, but some companies are able to raise prices successfully, corning had a good report because they were able to raise costs. over the last -- this is corning -- we negotiated with our customers to increase prices in our contracts to share increase in costs more appropriately i we expect gross margins to expand accordingly. well, good for them, and that's one of the reasons a lot of the companies are continues to do well we're about a fifth of the way through the earnings report.

. >>> microsoft to the rescue. shares are higher after earnings we speak with one top-ranked analyst on where it goes from here. >>> plus, could it be the most important stock in the market? no, not apple. we're talking tesla as it prepares to open its own books >>> later ark's cathie wood doubling down. it's all happening on this wednesday, january 26th, and this is worldwide exchange >>> well, good morning, good afternoon, or good evening and welcome from wherever you may be watching in the world. i'm brian sullivan here's how your markets are starting in the morning on futures. a little bit of good news. they're notably higher across the board. in fact, nasdaq futures are looking pretty good, up triple percent. now it's my duty to give you caution. given what's happened the last couple of days, anything can happen yes, the major averages did end lower, but they ended well off their lows of the session. the dow is now down for the seventh time in eight days, all of this happening ahead of today's fed meeting. let

willredmond to the rescue will microsoft help all investors this week? head to break, amazon to the suburbs those are the convenience stores one will open in mill creek, washington >>> shares of nvidia trading lower. bloomberg says the company is quietly abandoning the takeover. the softbank ceo says it is looking at an ipo instead. >>> and pushing the profitability higher, but that includes tough news with employee layoffs and stopping operations in some countries smiledirect club has sued nbc news after complaints about the dental products. futures are down aoscrs the board. "worldwide exchange" is back in a moment at cdw, we get your it staff has be ready to take on new challenges. that's why we built an office obstacle course ... to prepare our people for anything. you're late well, cdw amplified services experts will consult with you to design, orchestrate and manage your most complex technologies to help you quickly overcome any obstacle ... without all of this. oh, that is better. who's that? oh, if you want coffee, you gotta get past tantrum. you

microsoft has a ton of cash. so this is almost an afterthought for that and yeah, metaverse, it's one of the reasons why i've been buying more meta or facebook because i think it is something exciting with maybe ten years off the road and companies have to invest now for that and to benefit from that and the trends so i think this is very bullish and it seems like they're paying a high multiple on ebitda, from where they traded just a year ago. i don't own either stock, and i applaud it for sure. >> is there the mark itself that this deal is consummated now, just given where the valuations are and by the way microsoft shares late last week had been something like 12% and those shares have pulled back, too. everybody thinks in that complex of the deal that the worst, perhaps, is over >> so look at it positively, it is a very big deal, but microsoft is now a very big company. so to compare it to deals that microsoft did ten years ago is not appropriate. you're talking about a very inflated currency in the form of m

i asked if this deal was more a matter of "duty calls" for microsoft.ery aggressive move here with this acquisition. 0bviously move here with this acquisition. obviously we still need to wait for it to be finalised with the. if ec but, if it does go through, they'll essentially be one of the biggest gaming companies in the world by far. biggest gaming companies in the world by far-— world by far. right. we can have a sharp _ world by far. right. we can have a sharp intake - world by far. right. we can have a sharp intake of- world by far. right. we can l have a sharp intake of breath at the amount of money involved here, but is this — at least at the moment — as big as it could be? 0r the moment — as big as it could be? or do you think there are other possible acquisitions that might be coming along soon? it that might be coming along soon? , ~ . , soon? it is certainly the biggest _ soon? it is certainly the biggest company - soon? it is certainly the biggest company they l soon? it is certainly the - biggest company they could have acquired, microsoft

-- acquisition by microsoft.so rolling out the game on microsoft xbox and microsoft says it will honor activision's agreement signed before the takeover. plenty more still coming on ""daybreak asia," every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month w

microsoft makes a big bet on gaming. >> this is the pbs newshour from weta studios in washington, and from the west from the walter cronkite school of journalism at arizona state university. judy: this week marks a full year since president biden took office. that also means that the president has had broad responsility for the federal response to the pandemic for a year. there is plenty of data to suggest that things are not going well at this moment. cases are surging in many parts of the country, with nearly 800,000 new cases a day. hospitalizations and deaths are up significantly compared to two weeks ago. there are close to 140,000 people admitted to the hospital in total with confirmed covid right now. and the country is reporting more than 1,700 deaths a day now. there have been calls for shifting the administration's strategy that includes several articles written by former advisers to the president. welcome back to the newshour. tell me why is a new approach needed? >> the biden administration came in with a str

mirroring the action that we saw in microsoft overnight.eakness in the dollar heading into the fed decision. little changed on the u.s. 10 year yield. brent crude pumping out more of that strategic released reserves at $88 a barrel. let's get to asia. what we are seeing is mixed ahead of the fed. the csi 300 is attempting to avert a technical bear market. let's get to juliette saly in singapore. the dreaded technical bear market. what are you seeing? juliette: upside coming through in afternoon trade. it's getting closer to bear market territory. the momentum today has come after state media called for calm. lunar new year coming up. winter olympics. they will want to see stability in the market. a number of houses calling for a good year. it has been selling off significantly and flirting with that bear market territory over the past month. let's have a look at how skittish asian investors are ahead of the fed. 14 month low. i mentioned the slight rebound coming through in china trading in the afternoon session. the topics entered a correc

for microsoft there's no question where their focus is.dominantly they're having so much success in subscription space with game pass service they announced they had 25 million subscribers with that. by having these acquisitions they're essentially buoying this service and creating the netflix of gaming they've been dreaming about for the last decade or so, and it is finally hitting in a big way. there's a question whether it will go through, but microsoft spends a lot of money on lawyers to make sure it will >> on a scale of one to two, how big is this? >> i would say it is probably a seven. their biggest hurdle they need to get across is obviously activision is in a tough spot right now. you know, organizationally it has been pretty dreadful they've got the sexual harassment lawsuit, the gender lawsuit, so they have to work overtime to make sure their reputation is fixed. a lot has to do with removing higher ups at activision who fostered this environment. >> fair enough, although it seems like an opportune time to come in and scoop up a

microsoft makes a big bet on gaming. the pacific nationof tonga begins recovery, after a massive volcanic eruption. plus, much more. >> woodruff: this week marks a full year since president biden took office. that also means the president has had broad responsibility for the federal response to the pandemic for a year. there is plenty of data to suggest that things are not going well at this moment. cases are surging in many parts of the country, with nearly 800,000 new cases a day. hospitalizations and deaths are up significantly compared with two weeks ago. the united states is averaging a total of about 150,000 people in the hospital, and nearly 1,700 deaths each day. there have been calls for shifting the administration's strategy. that includes several articles written by former advisers to the president. dr. ezekiel emanuel is a lead of that group of public health experts. he is the vice provost of global initiatives at the university of pennsylvania, and he joins me now. zeke emanuel, welcome back to the "newshour

microsoft, alphabet and microsoft seeing strong gains. is today's action a temporary bounce or is there a turnaround in tech land we asked last night, did apple just save the techtrade, tim, kind of looks like it did. >> well, so did microsoft this week and google and you have amazon, as well. the question for mega-cap tech is really -- is mega-cap tech going to save the semiconductors i would have made an argument for most of the last year. you could probably have made it for the last three years that semiconductors was the most important chart in the market. if you look at monday or tuesday this week you really started to see that semiconductor stocks index and smh, whatever you're tracking and the breakthrough the uptrend for the better part of three if not five years and again, underperforming not just the s&p and underperforming the nasdaq or the qqqs significantly, and that's what i think you need to watch. yes, it was an exciting close to the day, but this was a week where i think we may have lost that leadership in semiconductors

nonetheless, microsoft beat across the board.ue top $50 billion for the first time and a quarter, up 20% to 50.7, profit exceeded estimates for the 12th straight quarter, but the focus was on the cloud computing unit's growth, 46% growth, but there was a more bullish whisper number. they did not hit it. on the conference call, investors were reassured. analysts pointed out the ceo has turned the cloud business into a solid number two behind amazon. this treat wanted a bigger upside. they got that indication on the conference call. there is a view this will be important in the wednesday open, because microsoft is a leader and a bellwether for tech. haslinda: reading for microsoft. green for texas instruments and amex. a lot of green. >> many believe this will be positive wednesday morning when stocks open. what we saw with texas instruments, big boost as the chipmaker gained a strong outlook. again, they came in strong for the fourth quarter, sales surged, fueled the chip shortage , but the stock took off when they indicated this

>> we will see certainly the timeline that microsoft and act vision laid out have a lot to do with the staffing shortages, at least some believe and that does sort of collide with her comment about acting with urgency because so many of these decisions take time, especially if you're trying to set a broad precedent for the future >> hard to act with urgency when you're understaffed. let's talk some more about this. joining us now to break down the anti-trust implications for microsoft and the rest of big tech former federal trade commission chairman bill bill, thanks for being with us i'm not sure you got to catch a lot of that conversation , but what is your take on what this might mean, say for microsoft's efforts to buy a huge gaming company? >> in general what you heard in that interview is a mix of both determ determination, ambition and realism. there is unmistakably a greater determination to look at large transactions such as the deal announced yesterday in greater detail and large sectors involving tech and other sectors are going to get a closer look unmistakable commitment f

not good news for sony if microsoft makes a move.ain due to chip shortages. hong kong is down as well. we've been talking about oil and over $88 a barrel. but let's look at the next screen and what happened on wall street their first trading day of the week, remember, they had a long weekend tech stocks were hit hard. much of this is to do with the thinking that the federal reserve will soon raise interest rate. so the us treasury yields have hit fresh two—year highs in the money is moving in the direction where interest rates will go up in the us, treasury yields are going up but also money is coming out of stocks and that is what happens when the us central bank is poised to raise rates. the money is on the move. thank you for your company, you are now up—to—date on all things news, business and sport. i will tweet more stories as well and we will see you soon. hello. there is lots of dry weather in the forecast for the rest of this week, although many of us will see a little bit of rain through the first part of wednesday, as thes

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. >>> microsoft makes a big move toward the metaverse >>> and from lab to table, inside the push for sustainable meat >> live from cnbc, the facts, the truth, "the news with shepard smith. >> good evening. two of america's most critical industries locked in a fight with major implications for them and almost all of us in a matter of hours, verizon and at&t were set to move forward with their big 5g rollout planned for tomorrow it's the long-awaited update that the companies say will provide higher-speed internet and more reliable cell service but an 11th-hour decision, the wireless carriers today announce they will not turn on towers near 82 of america's airports, at least not tomorrow. it's a slight concession in a standoff with america's airlines that, as we reported last night, warned of possible catastrophic disruptions. ten airline executives sent a letter to the administration saying the nation's commerce will grind to a halt they warn that people and shipments will struggle to get where they need to go. they say 5g can disrupt a key instrument that planes use for navigation an

microsoft buys activision-blizzard.