i asked aaron leavy of box about the deal and what is next in the cloud. ron: the cloud is disruptive in the economic sense and the way you deliver value to customers. but it is not particularly hard to deliver the cloud. i think that most of the incumbent technology vendors will be able to get the cloud and do that successfully. it is now going to be the new opportunity and competitive market, what you do on top of the data, information, and computing in the cloud. you know commodity infrastructure is not particularly interesting. what are you doing with that information to deliver more value to customers? i see more points of view from microsoft, ibm, oracle, and others. i think that this is a new market that has yet to play out. emily: it is interesting michael, there are so many companies chasing the cloud, microsoft, google, oracle, box and dropbox. box and ibm are competitors. in addition to being partners now. are we going to see more consolidation? what is going on here? michael they are all trying to : integrate as much as possible. the challenge i

the box ceo aaron leavy will be coming up later in the show. ♪ emily: welcome back to "bloomberg west we are continuing our breaking news coverage of the big shakeup at twitter. in the last hour dick costolo stepping down as ceo, cofounder jack dorsey stepping in as interim ceo. george zachary is with us. we also have aaron levie with us and tim morris, former cfo and interim ceo at yahoo!. aaron, you are a big twitter user. him you've always got some thoughtful things to say about the industry. what do you think? aaron: for anybody watching, i came on the show to talk about our earnings and this happened . i don't know enough to add much value. clearly dick and jack came to a conclusion on what they wanted to do. this is probably more of a story about wall street possibility to -- wall street's ability to think long-term about high-growth technology companies than it is about anything around twitter's potential. i don't know enough to really kind of comment on that. emily: you do know about the twitter product as a user. do you feel that as a service, twitter is living up to its pote

the box ceo aaron leavy will be coming up later in the show. ♪ emily: welcome back to "bloomberg weste are continuing our breaking news coverage of the big shakeup at twitter. in the last hour dick costolo stepping down as ceo, cofounder jack dorsey stepping in as interim ceo. is with us.ry we also have aaron levie with us and tim morris, former cfo and interim ceo at yahoo!. are a big twitter user. you've always got some thoughtful things to say about the industry. what you think? -- what do you think? for anybody watching, i came on the show to talk about our earnings and this happened jerod i don't know enough to add much value. came to ack and jack conclusion on what they wanted to do. this is probably more of a story about wall street possibility to think long-term about high-growth technology companies than it is about anything around twitter's potential. i don't know enough to really kind of comment on that. emily: you do know about the twitter product as a user. do you feel that as a service, twitter is living up to its potential? aaron: i don't think any services living up to

. ♪ matt: coming up later today on bloomberg television the cofounder and ceo aaron leavy on his company'sartnership with ibm. that is coming up at 12:00 noon. an interview you do not want to miss. that is one of our top stories. he will talk about fox's deal with ibm. fox is clearing up with big blue to go over large -- two get over large corporate customers and box lines will be able to store content on ibm's loud. they have established partnerships with apple and google to boost. quarterly profits that beat estimates. one are says deliveries were up 21% the second quarter with new orders up 18%. shares are rising in the premarket. lennar is up more than 9% this year so far, not counting today's 5%. the worst ways in the country to leave your car on the street is san francisco. the bay area has the highest weight of auto that in the nation last year according to a trade group sponsored by insurance company. -- highest of auto in the nation last year according to a trade group sponsored by an insurance company. olivia: the department of justice secured guilty pleas of more than $5 billion