>> just to touch back on that gap, when you look at the microsoft on the chart there, a little above $45 a share. that's what mike is talking aboutthink it has a destiny with that target there. that's why that call play makes sense. that stock moves to $45, boom, you're in the money. having said that, i don't typically love microsoft all that much. i'd rather play the semiconductors. i think they're actually ready to break out to new all-time highs. basically trading right there. i like names like taiwan semiconductors. i like as they go higher. >> final word. >> i would just add one point. if this stock does approach that, that's where it fell off from after earnings. there's a couple catalysts looking out. first thing's first. on that call that was disappointing a couple weeks ago, they're going to accelerate to $31 billion. that could help out. the stock has recovered a little bit. they're probably in the market buying. then on april 29th, they're going to host an analyst day. if something hasn't approved fundamentally, 'til bet you there's going to be a lot of calls for these guys to do a special dividend. put it to work. >>

which got me thinking about microsoft. microsoft was a darling last year. the combination of a new ceo telling a slightly different story. that nice 3% dividend yield at a low yield environment. we know they buy back a ton of shares. there was a lot of things going. for the story. not one report sent it down 9%. when you think about that. that was $40 billion in market cap in one fell swoop. when i'm thinking about the market making highs today, it's about other large cap names. it got me thinking about microsoft that this could be the next one to fill in the gap. >> and that was a rough quarter. >> well, it was a rough quarter. and so, here's really quickly what i'm thinking of in the near term. we have this march fed meeting coming up in a little more than a month. if the fed does not signal to raise increases in june, it looks like they're going to, i think stocks party here. i think you see all the major averages break out. i think microsoft will fill in that gap. microsoft, it was trading around $43.65 today. the march calls you could buy them for 62 c

microsoft? >> both. >> they made a pont to talk about how good sales are with microsoft products and the synergies they are seeing there. does that mean i sell short crm? is that a better trade than microsoft? >> that breakout was epic this week. that's where people want to be. they want to see this licensing growth. i think that there's probably better for sales force than for microsoft. >> either running into resistance or rolling over is one thing i would look to. the other thing is dan made a great point. you don't need to hold options until they expire. it's not the preme you spent. if you change your thesis, changior position. >> are you negative microsoft? >> i'd call myself neutral on microsoft. it needs another catalyst. we had the big run of the pc recycle, xp expiring. i think you can hold on to it and pick up the dividend. >> you may see an increased capital return. they'll meet in april. that could be the catalyst if investors get unhappy with the price. >>> coming up on "mad money," cramer has you covered. he'll took the ceo of popeye's louisiana kitchen and blackhawk network. all th

what's cool about microsoft is that you can actually go and be a product tester. lot of people from high school would actually go to microsoft and test new products and they would give you a free mouse. >> you met your cofounders in middle school. tell me about that. >> the first cofounder of box, our chief financial officer, we actually played trumpet together in middle school. neither of us were good at that. throughout middle school and high school, i did a lot of stuff on the internet with jeff and later in high school. >> tell me how box began. >> if you go back about 10 years ago, not a lot of innovation happening. it was really hard to do basic things like, how do you share your files and access data from anywhere, and how do you collaborate and work with other people. i was in college at the time. what if you could have these sort of hard drives in the cloud that would let you put all your files in these hard drives and access it from the internet and the device you wanted to work from. >> tell me about those early days. fondest memories. >> one was mark cu

about how good sales are with microsoft products and the synergies seeing there.ut it to the test. does that mean i sell short crm? a better trade than microsoft? >> not at all. that breakout was epic this week and doing everything they need to be doing, where people want to be. they want to see the licensing growth. better for salesforce than microsoft. >> running into resistant, rolling over, definitely one thing to look for. the other thing, dan made a great point there. you don't need to hold options until they expire. when thinking how much risk you're taking it's not the amount of premprem it's how much you spent for as long as you hold it. if you change your thesis change your position. >> are you negative microsoft? >> i would call myself neutral on microsoft. it needs another catalyst. a big run because of the pc refresh cycle, xp expiring. now what do you do? a show-me story. you don't get hurt in it. wouldn't say negative, but hold on to it and pick up the dividend. >> dividend's great but you may see increased capital return. meet in april, shareholder

microsoft, it was trading about 43.65 today. your break even is as 44.62.he price of options is really cheap. you're risking 1.5% to make a play for that gap fill. >> options premiums have dropped significantly. one important thing, with central banks pumping in so much liquidity, can there be anymore multiple expansion. if yields everywhere else continue to drop, yes. a place like microsoft is actually a reasonable place to make a bullish bet. >> i like that. microsoft on qe. that's sort of a new one. >> that's how you justify equity valuations. they're all related. >> everybody else is ramping back up, i guess. >> just a touch back on that gap. i think a little bit above $45 a share, that's the gap that dan's really talking about that could get back in and fill. that's why that call play makes sense. you can get a quick pop, that stock moves to $45, boom, you're in the money. having said that, i don't typically love microsoft all that much. i actually play the semi-conductors. they're trading right there. i like names like taiwan semi-conductor. >> final

. >> i know when you talked about microsoft, people felt it was lip service. obviously if you get abb, it's more than lip service. >> now, we're delivering deals and able to go to market together. we of course had them at dream force, we released the product, built into sales force one. i just saw the new cloud integrated with xcel. we're able to deliver a combined solution, it's breakthrough. >> and everybody knows, doesn't matter, that ge is the biggest competitor, does not bother anyone. >> general electric that is an unbelievable story for sales force, they just standardized on our new wave cloud. you saw a dream force, the ge capital, one of their most important units, saying this is a product that completely changed how they're going into business. they want to be doing things where they're really partners with their customers, not just bankers, and our products are helping them do it. >> yesterday's conference call at home depot was a thing of beauty, and why, one of the reasons they say it is good to be bricks and mortars. 40% of the people using the i

>> it's interesting, we talk about apple and their numbers and, you know, it's a $700 billion company. if you look back in 1999, microsoft about a $620 billion company and we all saw what happened there. i think apple while it's at its peak doing amazingly, i'm not going to poo-poo what they've done so far but they have to be careful because everyone hits this peak and kind of get comfortable and things can go wrong. i, you know, we talk a lot about services with apple. it's the whole thing. it's hardware, software, services, and given the number of people that have purchased devices over the past couple years, i think they're going to have to start to look for a new segme segment, a new market to go after if they want to continue to try to aim for a $1 trillion company. >> certainly they're not afraid to start tip towing into new categories. let's go tesla, reporting earnings after the bell. the stock up 450% in the last twos years. and as they look to expand the company is adding new chargers at resorts, restaurants, hotel across the country. phil lebeau is live in chicago. he's been testing out insane mode all morning

. >> what about microsoft? after this big run, judge. >> it's up 14% inform nadella. okay? >> yes. i think he's done a great job. the moving to the cloud is huge. whenever i buy a new pc these days, it's always getting the microsoft -- >> right. that's the issue, right? as the world goes more mobile, don't they lose out? >> they're focused on mobile. the two focuses, the primary focuses of microsoft, that's why i still like it, is mobile and cloud, both growth areas. windows is an issue. they have to continue to get obviously a generation. that's a huge percentage of what they do for revenue. they have to continue to focus on that. the focus of the company is -- >> you have to make the distinction, focus is one thing. delivery is another. >> their percentage gains in mobile and in cloud is absolutely off the charts. >> but it's -- from what space? >> there's a second dimension to this. it's clear mobile is the future and cloud is the future. they have focused on this and have done a lot already. neej of those a

in regard to the comment somebody made about microsoft is this and that, that is all hogwash. all -- all operating systems have one label,. . people have to be made aware of good practices on the internet and how not to expose themselves , just the same way you don't go around flashing your money and opening your wallet in public. the same thing applies. a lot needs to be done to make sure society as a whole is secure. and then the usual in regard to penetration and hacking by whole countries and whatnot. host: all right, larry. tommy am a defendant in tennessee. what is your take? caller: i think cyberattacks are to be expected. i think the best way to defend is simply reroute the cyberattacks to our greatest enemy right now, which is isis. isis, when they get close to legalize, we may not be talking about anything anymore because -- close to the goal line height -- the golan heights we may not be talking about anything, because mr. netanyahu will take the decisive action. i just pray that we can stop them before they get there. host: president obama be sending up to capitol

. >> it has been one year since microsoft officially appointed nadela as the company's ceo. since then the stock gained nearly 15%. just about as much as the broader market. and his tenure so far filled with hits and some misses. josh lipton reports. >> reporter: how do we judge sacha nadella's performance? the leadership microsoft's revenue jumped 12% to $93.5 billion. it's a record when it comes to other high profile executives. not as strong as ceo from apple, tim cook jumped 50% in his first year on the job, but better than ibm's jim naretti with top line slumped 2%. and question of whether nadella produces a smart business strategy. analysts say he is. >> finally you have a ceo to escape where the puck was going fermterms of cloud, mobile and much more openness to take microsoft into this next paradigm shift we're seeing on the cloud. >> reporter: in its last earnings report microsoft disclosed the commercial cloud business boasted triple digit revenue growth for the sixth straight quarter. also cheered nadela for another reason. they say he's a better fit at this time for microsoft than his predecessor, steve bomber. >

about. microsoft, ikea rob black-by calm is not one to get hit too bad but the collapse six years ago that advertiserecently at 1849 year-old people who shop at people for going it is a little surprising to see there is good money and tech news. i would think about this >>: to think of football players you're yelling get into a lot of cash. and percent are brought within three years in the nfl. is are making a huge mistake like what causing its huge money. is it a the time to buy pepsi stock? rob black i would buy pepsi every five years the last 35 years and every five-year. pepsi has gone higher. a $50 stock now is well over 100 this morning i like the name because pepsi is not just pepsi pepsi is mountain dew but is also for jews there rates out of frame water frito-lay doritos chills ruffles reiser raleigh is a san francisco treat. they're not going to go bankrupt any time in my lifetime. is on of an average five-year periods >>mark: thank you jonathan for the question if you have a question for him--pasted posted on facebook send days. (vo) at jennie-o, we heard of a place in iowa where every thu

>> dom chu did a remarkable piece about microsoft cisco now and then. e most thoughtful piece i've watched or read about the notion of are we overvalued versus then? all of the companies are selling at 12 13 14 15 times earnings because we've hated tech for a long time. i did a piece about how semiconductor stocks have been up, up up but look at valuations they really aren't, anything stretched. i'm okay with the exception of if you want to play the fashion, it's fashion week play the fashion of cyberarc and fireeye, you're out there, they do well when headlines are, there was a new breach. other than those, i'm comfortable. >> when you talk about valuation of the market and you're comfortable with it speaking of somebody about this very topic, s&p trading at let's call it 17 type times forward, 17.5% earnings growth if you exclude energy and currency. if you add them back in or account for them the way they normally would be you get to a reasonable multiple. but the question is how many excuses should we keep making for the market? are we right to say w

cheryl: my apologies to peter kenny, you do like microsoft as we talk about technology, peter. >> microsoft is going through an enormous reinvention and reapproach to how it is going to sort of harness its unique technology and take advantage of the cloud. and so many other things. microsoft was an absolute outperformer last year. i suspect that the street is looking for more of the same though probably will be a little more difficult this year. but as far as the broader market's concerned -- david: hold on a second, before you talk on the broader market. we'll pick up on the point. we were talking about software. we'll talk about hardware. gopro, company that makes small numb cameras. what is the numberings adam. >> street was expecting 5 3.3 million. earnings per share 83 cents. street was expecting 70 cents. david: stock is halted in after-hours trading. that usually huge move. one would suspect it would be a beat to the upside. peter, you want to finish more broad point what is happening in the economy? >> interesting you see these technology companies have been under a little bit of pr

i had a chance to talk with russell wilson about how the microsoft surface tablet is helping change thehe team draws plays. every time russell wilson does this, the nfl is watching and so is microsoft. this season, the nfl introduced digital, the custom microsoft surface tablet, on the sidelines. way up here in the catacombs are where cameras capture the images but the cameras are controlled by the nfl. the league takes the image. the team approves the image and 70, sends it to the server, and then shows up on the sidelines. years ago, black-and-white on a crummy printer. today, coaches and players are cheering on digital transformation. >> my rookie year, we used paper. with the old system, you only had two pictures. >> he's going to have him in a flat and cover him man-to-man. >> with this, you have a lot more views. >> but it's a bureaucratic process negotiated by the league and the techies. a guy from nfl films sits in the sidelines in this little booth. he has a computer where he manipulates the images, captures the images, and press them on a laser printer and hands them onto the

microsoft. tell me about the days as a tech analyst on wall street in the 1990's. >> one of my first experiences was the agenda conference. i remember the first dinner, walking into the tent. back in those days, you look around and there is bill gates and larry ellison, michael dell. you could just walk up and talk to them. it was like, oh my god. >> even back then, did you know they were of greatness? >> i got invited, when i was covering microsoft -- they have this annual analyst meeting. my second trip out there, someone handed me a card and said, you will be at bill's table tonight. i was 27, 28. >> does it matter if amazon never turns a significant profit? >> it only matters if wall street doubts that they can. ♪ >> how do you become a top tech analyst? what does that involve? i am sure it is a lot of hustling. >> i was fortunate. the research was not generating as much profit on its own. i was experimenting with this premium model. that is when i started above the crowd, which was a fax back then. it's sort of way back then. >> above the crowd, 6'9", playing on your height. >> frank quattr

why you wanted to do that podcast and what it was all about for you and what exactly are you being punished for here? >> so when i worked for microsoft ago, i went through a faith crisis myself. during that time i was very depressed, i was alone, i felt like there was no support. so i started mormon stories as a way to facilitate a dialogue within the mormon community to allow people to share their feelings, their doubts and concerns and to support each other and ten years later i can just say that we have tens of thousands of listeners and people feel like mormon stories have helped save marriages and suicide and prevent divorce. so what was the second question? >> what exactly are you being punished for here? >> i believe if we go to the core for over a century the church has been able to control information to its members and control the conversation. and with the advent of the internet mormons are having conversations that they were uncomfortable having and learning things they weren't able to learn before and now the church leadership is nervous that conversations are having they are not comfortable with such as supporting lbgt

. >> well, the interesting thing about microsoft is nadella has been the ceo has been the ceo for a yearater this year with the release of windows 10. and in the meantime what he has done which i think is very savvy is really positioned the company to be more of a player in cloud competing. it seems to be working. >> sandisk? you like them a lot. >> sandisk is interesting. both sandisk and micron play in flash. the interesting thing about nan-flash which is typically a command over time is that demand in that space is healthy. one of the reasons for that is it's tougher to manufacture some of these chips. and what happens is that limits supply which makes a nice supply/demand balance. >> can we talk broader for a second? i look at nasdaq when it was at 5,000 the last time. i was here at cnbc when that happened. then watching for years, dead money at the nasdaq. right? if you bought the qqqs nothing. then a year two years ago, that market's finally started to turn and make a real comeback. what finally happened do you think? was it qe? was it simply apple? what was finally -- you know we

about that next. first, sue herera has an update. >> here's what is happening at this hour. two former microsofts says they were pushed out after they brought up concerns about sex services. microsoft dismisses the claims and say they will fight the matter in court. >>> a small coast guard ice breaker came through a few days ago but the wind held the ice in the harbor and then refroze. >>> an activism fight is developing over at shutterfly. citing concerns about the company's acquisition strategy and composition. >>> and llamas on the loose. you heard right. two llamas were on the loose in sun city arizona. the pair of one white and black dodged cars and rescuers as they moved from a field into a city neighborhood before finally being captured. it's not immediately clear where they escaped from. and that's your cnbc update. "closing bell" with kelly returns after a quick break. barbara just bought a bike. she wrote a tweet about it. you can't learn much from that. but take data from millions of tweets combine that with your company's supply chain and sales data. apply ibm analytics and expertise

is the ceo of microsoft sorry for the advice he gave women about wanting a raise?lusive abc news interview is next. >>> and in honor of black history month we're using our instagram feed to bring attention to events where you live. today we honor the work of famed photo journalist jeffrey blankfort. you can see a collection of his photos documenting the fight for civil rights in the bay area starting friday at the african-american arts and culture complex in san francisco. there is more information at >>> covering santa rosa, berkeley, san jose and all the bay area this is abc 7 news. >>> we have an abc news exclusive for you. the ceo of microsoft is talking about that gaffe that set off a firestorm of debate when he told women who want a raise don't ask for one, just have faith. here's abc news reporter rebecca jarvis. >> is this what you do on your lunch break? >> reporter: tonight, the ceo of microsoft in his first interview since the day he made headlines taking us inside the room where he and his team are building the next big thing. >> we're building the futu

to the ceo of microsoft talking about the backlash over his gaffe., he was telling women who wanted a raise, don't asker if a raise, just have faith. >> rebecca jarvis asked if he regrets that comment and what his wife had to say about it. is this what you do on your lunch break. >> reporter: the ceo of microsoft in his first network interview since the day he made headlines. taking us in the room where he and his team are building the next big thing. >> we are building the future. a lot of fun. >> reporter: a case study of the american dream, one he believes should be able to everyone which is why he knew almost immediately that he was wrong when he gave this advice to women about asking for raises. >> it's not really about asking for the raise but knowing and having faith the system will actually give you the right raises as you go along. that's good karma. it will come back. >> reporter: what did your wife say to you after she heard those comments? >> what my wife and mother had interesting things to say to me. my mother being a professor educated

bridgewater is buying shares of microsoft. talk about two totally tech companies at opposite ends.s is not a consensus opinion. one of the biggest holders of apple carl icahn. >> he says it can only go up. >> of course. >> he is a big holder. >> of course we would see him pushing the stock. he wants buybacks. he is in it for the financial engineering move. >> it is incredible when you think about apple's earnings a few weeks ago. more than any company ever. largely because of the iphone 6. >> they finally got it right in asia. the bigger screens to the asian consumer went nuts. apple screwed up in asia thinking they had to compete with the cheaper competitors. instead, the asian market was willing to pay so much money. it was just about that screen. once they got that right, boom. sales went through the roof. >> the average price i read for an iphone 6, $600. a luxury item. >> android is finding it hard to compete. they are giving their product away. >> cristina thank you. >>> temperatures plunging on the east coast with another blizzard forecast for new englanders. i'm so sorry to

microsoft. satya nadella, for the first time, in a network interview, talking about that gaffe, setting off a firestorm, telling women who want a raise, don't ask for one. just have faith. abc's chief business correspondent rebecca jarvis tonight, asking him if he regrets those comments, and what his own wife had to say about it. >> reporter: is this what you do on your lunch break? tonight, the ceo of microsoft. in his first network interview since that day he made headlines. taking us inside the room where he and his team are building the next big thing. >> we're building the future. it's a lot of fun. >> reporter: satya nadella, a case study of the american dream. one that he believes should be available to everyone. which is why he knew almost immediately he was wrong when he gave this advice to women about asking for raises. >> it's not really about asking for the raise, but knowing and having faith that the system will actually give you the right raises as you go along. that's good karma. it will come back. >> reporter: what did your wife say to you after she heard those comments? >> both my wife

neil: what about this bill gates microsoft guy, what an idiot!would have thought. >> a lot of the voters don't have agrees. >> that's what the elitists are missing, he appeals to a group they're ignoring. >> the youth vote was a big movement in the obama administration -- obama election, i don't think they're going to go, they're not going to have appeal for hillary. neil: so the bundlers are they the ones drawing more to him now, because similarly, what do you think? >> well, in my perspective, it is very early. there is some early money that is moved away from romney now that he's dropped out. probably to bush and walker jeb bush is leading a very aggressive fund-raising network that he's got 60 events in the next few months coming up. he's going at it at heart. neil: they're all steak fries. >> it's all on the sidelines because it's early right now. and if you take it one step further, there are the bundlers and pacs outside of the parties that collectively have amassed more money than both parties combined. neil: and they glom onto whoever is

internet companies that the world is now using to communicate, facebook and skype and microsoft and apple, is all about this idea that there should be no electronic communications between human beings that are protected or free from the prying eyes of the nsa. >> meta-data means basic records about a communication: phone numbers, when calls are placed and how long they last. >> you don't have to have done anyting wrong, you simply have to eventually fall under suspicion from somebody even by a wrong call. and then they can use this system to go back in time and scrutinize every decision you've ever made. >> the documents also showed that the nsa was listening to the phone calls of world leaders. >> i think the best way to summarize the nsa surveillance mindset is to quote general alexander who runs the agency. he had a motto when he was in iraq, in charge of surveillance of the iraqi population against whom the united states waged war, which was, collect it all. >> what do you say to the people who are like, i don't do anything wrong, i don't care if they see my emails or hear my calls? people who say

this is the microsoft cloud. dreaming about a salt water bedroom aquarium? i am, actually.c fish? yeah! and a giant star fish? how can you tell? you've been staring at the new instant game from the pennsylvania lottery. right. $300,000 buried treasure. with 10 top prizes of $300,000. (announcer) want to see your dream come to life? you could scratch your way to instant winning. the pennsylvania lottery. bring your dreams to life. [ cheers and applause ] >> jimmy: well, hello there. tonight from "the walking dead," lauren cohan is here. and later, bridges' album is called "live" from the at&t stage. tomorrow night magic johnson, scott foley will join us, music from magic, the band not the johnson. our first guest is an actor, musician, oscar winner, and dude everlasting. later you'll hear him with his band the asiders. "seventh son" opens friday. please say hello to jeff bridges! [ cheers and applause ] ♪ >> jimmy: very good to see you, you look very sharp. >> yeah, thank you, man. >> jimmy: i like that suit. sunday, we're watching the super bowl, and all these fast-paced co

microsoft has been knocked down. we just heard that that's a big part of their sticking strategy that tim just talked about. so i'd much rather be in microsoft. >> be sure to catch the sales force ceo for the full interview on "mad money," that starts at the top of the hour with jim. >>> time for unusual activity. dr. j has spotted bullish activity in an oil refinery, holly frontier. >> they were buying the 45 calls in march. short period of time to get to that one. but in april, they're buying the 43. stocks at just over $42 a share. it gets through there and basically trades 45. there's nothing stopping it on the charts, i don't believe, until 50. so a lot of people were piling in here. almost eight times the normal volume of calls turning over in the march and april timeframe options. in other words, they're not trading the februarys that are expiring right here. they're basically out there in the future. i was right there with them. stock and calls. >> do you agree -- do you think this extrapolates across the refiners? we've seen some huge runs. >> i'm also long western refining. bought that one. it's pa

so there's a spot right now if you follow the space between microsoft and google about the disclosure timelines where google has a very strict 90 day timeline including two microsoft's dismay they publicly released an released and issued just two days before microsoft was going to fix it. so you know 90 days and fixing one kind of thing is fundamentally incompatible with fixing a design problem that took 13 months to fix it right so there has actually been activity in that space now and google updated their policy just last week because of the recognition that there are a harder class of problems. >> so for 13 months he were able to disclose this is an interesting -- sometimes the best thing to do with information sharing is to keep a secret. and in this case after, to their credit, they handled this fantastic. we are lucky that this turned out to be a microsoft problem because they had a sophisticated incident response security problem and so it was their mistake 15 years ago but the people that handled its now were the right people and we are all very lucky. but they immediately bou

so there's a spot right now if you follow the space between microsoft and google about the disclosure timelines where google has a very strict 90 day timeline including two to microsoft's dismay they publically released an issue just two days before microsoft was going to fix it. so you know, 90 days and fixing one kind of thing is fundamentally incompatible with fixing a design problem that took 13 months to fix it right so there has actually been activity in that space now and google updated their policy just last week because of the recognition that there are a harder class of problems. >> so for 13 months he were able to disclose this is an interesting -- sometimes the best thing to do with information sharing is to keep a secret. and in this case after, to their

forget about passwords, right? microsoftants to you use fingerprints, and maybe your eyeballs to log into your devices, i really like this technology. and i want it to h >>> all right, 7:24. how would this work now? explain this thing. i never saw minority report. >> talking about where it scans your eye, it knows it use, you can have things targeted specifically for you, kind of like that movie minority report. >> like i said, yes. >> with tom cruise. >> so are you tell me this technology is getting closer to reality? >> true. whether it comes it your computer, lauren, right? >> i think later this year, yes. so, mike soft is working on bio metrics. eye scans, fingerprint scans to get rid of traditional passwords forever on it new operating system. yes, because, you know what? we're always changing those passwords, they're so difficult to create, because they need, you know, a number, a letter, a capitol letter, a symbol, et cetera. >> so easy to crack. so essentially microsoft has team up with the universal alliance, called

about that. obviously, much of is overseas for microsoft and apple. talked about it for years, the basic mechanism of retiring your dividend-paying stock actually given how little interest you're paying and the fact that interest payments are tax deductible can actually make it work in your favor. >> i don't understand box the way the tax code works, it is such a win. at the same time i wonder whether, you say, listen it's back to 47 and then to 41 maybe this is an opportunity. ceos come on "mad money" and they'll say, yes. like at clb. this is a stock that came in totally disappointing. just a horrible number. stock was at 88. and david denture said are you going to buy stock for the company? he goes -- this is like ten days ago. he said we're going to be in there hand over fist. the stock's at 110. >> i think back to when buffett was asked what's the best investment i can possibly make? he said, get a 30-year mortgage. this is sort of the corporate analogy of that? >> you're so right. by the way, i wish people didn't have to put so much down. i'm ju

my concern about this story is to go back and remember in the late '90s when microsoft was a $620 billionpany, we would sit here and talk about how it was impossible for anything to go wrong, world domination software and look at what happened. today we have an ever more concentrated revenue and cash flow from one product, the iphone. i'm not saying things are bad and i'm a shareholder that's happy as can be, but i will selling into this strength. >> you have to hold your nose when you do it? >> i've learned over many decades, carl, this is the right thing to do. when you fall in love with a stock, it will often break your heart in a horrible way. a 5% discipline weighting in a portfolio is prudent. i'm selling into the strength. >> a lot of fund managers last year learned the hard way for what it would not be like holding apple. now a lot of people are following suit. do you think that apple stock has become a crutch of sorts? >> those are the guys that lose 18 to 30% when it turns around because they're so overweighted. if you let a stock become more than 5% weighting in the portfolio y

microsoft as well, which we talked about yesterday.ld you rather see that go to work in capex and hiring or buybacks and dividends? >> what i really want, carl, is to stop forcing our companies to contort themselves into these financial pretzels and clean up our corporate tax act. make it simple for all of this money to come back and redeploy into our economy. it's just sheer stupidity. it makes no sense whatsoever. and as a bond, it's absurd. come on, you're taking advantage of these artificially low rates to repatriate your capital. why don't we call it what it is. we have bad tax law. >> a lot of people agree with you. move on to the markets. stocks as we said in the green up about 36 points. finance ministers for the eurozone, of course, getting ready to hold a meeting tomorrow. a proposal for the six-month debt extension for greece reportedly on the table. also want to draw your attention to apple as we said. the company conducting the swiss bond sale sends shares to the upside. what do you do with greece right now, kevin, because

microsoft's ceo. his performance has been mixed. some success with a renewed focus on the cloud but he did run into trouble, of course, with those comments abouten and compensation. but if you bought microsoft a year ago you have made money. shares up over 14% since that time. jon, you were the most recent of us to talk to him and he has moved past those comments some argue. >> he definitely did and i think his first year is a success. i don't think you can give a strong letter grade to it because first years are squishy that way. you can screw things up in a first year but it's too soon to judge the trajectory. i went back and looked at where tim cook was a year in. the iphone 5 hadn't come out, the major controversy he was dealing with was labor abuses in china. he hired john browette as head of retail. hadn't fired him, hadn't fired scott forstall. year two where we see the things coming to light, the apple watch, iphone 6, started under development. what satya nadella starts doing tomorrow is probably going to have a much bigger impact on where we see microsoft in a year. >> sophomore year is where you see growing pains too and there's als

it's sitting on about $110 billion, while the likes of microsoft, apple, and pfizer they all came inive. the administration aims to spend close to $240 billion they would raise, they plan to spend that on road and other transport projects in the united states. let's talk to gamal ahmed who joins us from our business unit. always good to have you with us as well. now, if this is part -- and that's another question, something we can talk about in a minute. but we're hearing that this 14% would be an immediate taxation but is this feasible? is the u.s. government allowed to do this? well, i don't think whether it's allowed to. obviously, if the legislation is passed, the tax rules will change, and these companies that you have mentioned, like apple, like general electric like facebook, will have to pay the taxes as legislated for. the issue is though is that governments from around the world, whether it's america, whether it's governments in the european union, whether it's government in asia are all looking at how on earth can, when it comes to technology companies in particular and ph