what makes activision any worse or better off? >> activision has done a great job of having hits.hey got three or four huge titles, sky landers, call of duty, world of warcraft. they have done great on the hits in the past. tony hawk and some of the other music games. but they still have a lot of challenges. it is a very different world now. games like super cell making a billion dollars a year off of one game, advertising free super bowl. it is a very different world than activision and the others are used to competing in. and i think activision still has challenges on the digital side outside of world of warcraft. is fatigue.re >> i noticed some on the numbers, too. but i wonder in the case of activision -- i mean, we saw these results that were really not strong from electronic arts, the number two player. saw the same thing with the maker of grand theft auto. does activision seem to have a better portfolio, or is it too early in the cycle to tell you >> i think it is absolutely too early in the cycle to tell. we are talking about 8 million -- worldwide.for we are just the firs

activision sales and profit were both down from a year ago.ard by the move from consoles into mobile gaming. and apple shares are higher after the "wall street journal" reported detected ion bought back $14 billion worth of stock over the last few weeks. ceo timterview with cook. adam johnson now joins us with today's inside in action. adam? >> the big surprise from apple. the question is -- who is next? time for insight and action. just so we understood the numbers are about, a 14 billion dollar buyback. that is raving percent of the outstanding shares. if you annualized that -- that is 3%. if they were to get buying at that rate, and about 15 months, the largest company in the world would respectively be righted that. the question -- why would they do it? because it works. let me show you a chart where we have the buyback index, which is the pkw. there is an etf that invest in companies that buyback stocks, and it is crystal clear over the past year would've happened. you buyback stock, your stock is to go up more than if you don't buyback s

take a look at activision, one of the biggest winners today on a percentage basis. company said profits were better than expected and also subscribers for its war craft game were turning around. online travel, another big bright spot after expedia's big earnings. i want to mention biotech as well because again, a big outperformer in the overall index, up about 3.5% just today. biogen's m.s. drug said to be tracking better than expected, one of the reasons we are seeing such a big advance today. bill? >>> if you're just joining us it's been all about jobs today. another weak report for january. the economy added just 113,000 jobs last month, below the 189,000 that economists had been expecting. but more people did begin looking for work in january. some of the jobless were hired in that time. that helped cut the unemployment rate to a five-year low of 6.6%, the lowest we have seen since october of 2008. we do continue to ask the question, where are the jobs. many companies are asking where are the workers. they are trying to find people for jobs they say are difficul

do the math. >> activision blizzard trading at 20-year highs.ter results showed eps and revenue ahead of consensus. >> gaining steam, up 14.5% to $19.67. if you own it, congratulations. guidance for 2014 in line with forecasts but it's called impressive. they are pounding the table as the stock remains the top pick. target goes to 25. still $5.50 upside. >>> the under the radar stock today. >> 11.5% gain. this company used to be known for the coinstar machines. now it's called outer wall. they own red box kiosks as well. surging on earnings. they named a former warner brothers entertainment executive to lead that red box division. stock soaring. >>> bad news for bitcoin. the virtual currency lost nearly 20% of its value last night after major exchange holds a withdrawal. what is next for them? joining us is sean highman. what do you make of what's going on? >> bitcoin is really crumbling once again because of really a lot of volatility that's happening, a lot of it because of rejection. rejection initially was from china but now it's rejection f

. >> activision is surging.me publisher says that sales of call of duty, thanks to matt miller, have helped him whether the transition to new consoles. the stock is on the rise even as activision cost outlook shrinks. class starbucks. there is a positive on the company's loyalty program. wells fargo believes that starbucks is entering a new era of growth. class number two cigna. shares are down. first quarter earnings will probably decline. one, linkedin. sales growth will slow for a fifth consecutive quarter. linkedin is seeking to reach workers overseas and answering -- adding mobile features. they may make some acquisitions. the ballot closed about two minutes ago. for a one right now and we are out -- 4:01 p.m. right now and we are up. a strong day. let's move to the roundup. these are the stories we're tracking ahead of monday wash opening. we are joined by jesse lynn and olivia sterns. >> matt miller, you got me into go pro. matthew bageling? class i own very many. than you can possibly count. >> get a cam

activision looks like they are coming in strong.t a non-gap revenue number and a gap revenue number but this appears to be a substantial increase of revenues over a year ago and well ahead of their guidance as well. i will compare to guidance. you know i don't like comparing two analysts. prior outlook for the non-cap deal --for the vivendi earnings per share, $.79 and the guidance was 72. they are doing better than expected in what could have been a very difficult quarter. fromxbox one, when happens console-based to a new and growing console base in the new game system is the name -- game neighbors -- game makers sell very few. it seems like they are bucking the trend. zard" because of vivendi? >> i'm amazed how seasonal their business is. the guidance for next quarter is about seven pennies. >> it's also about gametime releases. they get a get a good bump. business.t-driven when there is a grand theft auto out, they do fantastic. besides that, they struggle. they have the biggest hit out there with call of duty ended carries the c

nicole, back to activision, what's going on there? >> new high. 19.95. up almost 14% at the moment.n you think of activision, think of the titles for video games such as call of duty, yes, that's in my home, sky landers, yes, also in my home, and the pipeline, it's all about the pipeline for 2014. new titles for call of duty and skylander series. now i know what i'll be buying this year. charles: it's good to get an early jump on your christmas shopping. >> great. charles: yesterday was christmas for green mountain. up huge. how is it doing today? >> it's down just 1/2 a percent,.8. coca-cola a stake, they want to make single serve carbonated and noncarbonated with tea and juice. charles: sandra and wi were talking about twitter, a horrific day. any bounce back. >> it's opposed to yesterday, it's getting back 2 1/4%. a tough week for twitter. charles: thanks a lot. we talk a lot about tech driving the markets and driving the economy, it's the place it put your money. right now we're joined by billionaire investor who has a different way to actually invest in technology. carl burke j

fourth-quarter profit heat and estimates forlyst activision, though. and news corp., that's the publisher behind wall street journal, it had a mixed earnings report. extra mints, but advertising sales continue to fall. corp. broke off from 20 century fox in june, focusing on publishing. today, a 12 member jury found fund manager, mark -- matthew mark, hilty of -- matthew of insiderilty trading. now, sheila. she was at the courthouse when the verdict came down. and joining us by telephone, alan dershowitz, the latest book called "taking a stand." sheila, if you could go through in this particular case and the context it was processed and ultimately finding matthew martoma guilty. >> it basically came down to their allegation that he had, over a year-and-a-half courted to doctors that were involved in a trial of an alzheimer's drug that was being tested by two pharmaceutical companies. this is a drug that had a lot of potential. the market was very interested in finding out whether it was going to succeed. the government accused march, --martoma of getti

activision can spend $100 million developing game over 2.5 years and it can be ready and or this thinger things it's about gameplay. a this game is a copy of nintendo game from 15 years ago. the sky developed this game in the course of a couple of hours. nintendo with five thousand employees is struggling to come up with games that appeal to people. zynga not just sell it to or some other company? why take it off the app store? >> you can easily copy this and there are already seven copies on it online. this guy was just pressured by it. he felt with all the tweets and you tube postings, there were even death threats and whether they were fun or not because the game was so hard and they were blaming him. >> maybe there were other birds giving him death threats. >> exactly. comes backsee if it to life. thank you so much. do not go away,, this is really cool. >> there i am. ♪ >> welcome back to "bloomberg west." if you ever wanted to be an astronaut or wondered what it felt like, have zero gravity, cory johnson can tell you. >> there's a company called zero g and they signed this partner

these guys own, as you know, francine, just under 12% of activision blizard. call of duty. we'll have a quick look at one emerging market currency because that is the single biggest debate. there is the indian rupee. you can see emerging market currencies. this is one example where there has been a bit of reprieve into the close of the week. >> manus cranny with the latest on the markets. joining us with his investment per spebt sieve bill blain. great to have you on the show. we had a little bit of rebound. the data. the e.c.b.. too we get the all important jobs report. what is your main concern? >> we're nowhere near settled yet. the start of 2014 has seen many of the expectations for the year just get better. that is what your know to expect that in markets. the point now is when to pick, jump back in or to selectively go back in and i think there is definitely some issues to be thinking about there. i think one of the first ones is think about japan. we have seen a massive selloff in the nikkei that some stocks come back extremely positively. panasonic has been one of t

i just want to know your thoughts on activision blizzard. >> not a big fan.ht at barnes & noble in union scare in manhatt -- square in manhattan. it's an overreaction. i can tell you from the me himnary work i like that better. sammy in louisiana. >> caller: booyah, jim. >> booyah, sammy. >> caller: i'm calling from shreveport, louisiana, and happy birthday in advance from both you and myself. >> happy birthday to you. >> caller: yours on the 10th. i got your book, "get rich carefully." i'm very happy. >> i wish you could be here for the signing tonight. what's going on? >> caller: are things okay with coca-cola's symbol k.o.? >> i don't see the earnings changing that much. they have too much structural what has to be done. if they announce a restructure the stock bose to 40. i would not sell it. dan in alabama. >> caller: jim, booyah from lower alabama. >> great to have you. kinder morgan? >> i prefer the kmi, i believe in the company. a lot of people have turned away from it, but i think pipelines are the wave of the future and i think richard kinder is one

being queer about sexual activision. and what do we talk about in terms of folks like angela davis and brevard collective. founded by barbara smith in the 1970's, radical blacks. harriet tubman led a raid to free 400 slaves. not just a quiet old lady. she was general. she was trying to a -- this is the tradition. and as michael mentioned, as many people who have told socialists in this country right now, the majority of african american people are for socialism because of their experience under the horrific conditions of capitalism. we talk about new york city with billions being made on wall street and 50 percent of your people unemployed, we need socialism right now. [applause] you know, debbie is giving me the signal. i will read a little bit of this last chapter and then bring a couple of people into the house. someone please save me a glass of wine. the day after wall street was occupied my son came into the world. my sun was born looking merci, disorganized, and screaming for attention. like my son it's a mixture g

the latest earnings showing rising on the sale of activision blizzard. hans is in berlin.way. >> if you want to understand why vivendi much is trying to stride them, look at their income from the last year up 10%, almost $2 billion because, as you mentioned, they shed those assets. vivendi is a company in transition. they want to have a core identity, not all kinds of different products in different markets. this is what they were talking about. and they confirmed it in their earnings report. they're looking at all available options to sell andy tingle itself from the mobile phone network. all this talk has centered on a french company that only she knows how to pronounce. and whether or not that french company will buy a steak and have control of it. what they're looking at is having kind of core functionalities. so you would have a mobile company. he would have a telecom company. will they come together and have more synergy? and look at their earnings. it makes all the sense of the world. they just have to agree on a price. >> he is a man of the world. >> i do not know

you talk about that but on the other hand, if you look at activision's success and other gaming companiesames are the most popular. there is a balancing act that happens in the marketplace -- look, stephanie and other northeastern intellectuals are trying to take them play out of what their kids do, but where i grew up, guns are part of a child's life growing up. >> that's a good point. what toys you have in your house, a little boy picks up a stick and turns into a gun. where is the balance? >> at the end of the day, the balance usually just shifts to what the consumer will purpose -- what the consumer will purchase. issue thatolitical exists and obviously if you ask anybody if you feel there should be gun control, should we be restricting guns and that activity in the hands of young kids, people would say yes or sure, but are they going to legislate that to change what toys manufacturers due to create demand and excitement for kids and toys? >> what do you make of cvs's move to stop selling cigarettes? they may socially conscious decision to stop doing it. >> i applaud them from a socia

after the close, we'll hear from activision, linkedin and news corp. >>> twitter reported its first setsince going public back in november. investors were not impressed with lackluster user numbers. julia boorstin filed this report. >> twitter's announcements disappointing for investors. down more than 17% after hours. this despite better than expected revenue growth of 116% to 243 million while earnings came in at 2 cents per share, excludeing one-time items beating expectations of a loss of 2 cents per share. but the loss determined on how slowly the company added subskrooip scribers to end the quarter with 241 million users. for the first time, timeline's use, a measure of usage, declined from the previous quarter. they're confident in twitter's ability to scale revenue by expanding its global reach. he says the plan is to add users by making twitter easy to use and especially easier for new users to start using and making it more media rich with video, making it easier for private conversations as well as public ones by organizing content by topic so people can browse all the conver

news corp., activision. the ecb will announce its policy decision later today. the market is hanging on those two reports. >> kayla, thank you very much. we've got some big corporate news for you this morning. twitter, that was your top corporate stories. shares getting slams slammmed. the stock is down big time, about 17%. wiping out basically a sixth of the company's value. earnings and revenue did beat the street. that was not the problem. this was. slowing new user growth and a severe decline in timeline use. that's when a user refreshes their twitter spaj, being used as one of the key measures of how active users are. ubs out this morning cutting price targets from 55 to 35. >> what does this say about twitter? these crazy valuations. i don't want to say they haven't revolutionized the world. they have. but is it possible that this is the beginning of the bubble getting ricked? >> i was thinking about this a lot last night. twitter has been on my mind a lot lately. what dick said last night in the conference call is they wanted to make it more visual, they

and activision's earnings targets on strong holiday sales. that didn't hold back a rally in the stocks. ceo bobby kotek says he expects the coming around destiny to be the company's next $1 billion franchise. also keep an eye on news corp. the company's earnings and revenues topped wall street estimates. cost cuts helped push profits there. the company posting a profit beat, it also is raising its share back bye program and naming a warner brothers home entertainment executive to run its redbox video rental business. open table, forecasting weaker than expected quarterly earnings in the current quarter as it hires more employees and increases investments on marketing. finally, we've got a retail name for you. gap shares rising on upbeat fourth quarter and full year outlook. with that, back to you in pebble beach. becky. >> sara, thank you. >>> among the business leaders spending the week in pebble beach, at&t's ceo and chairman, randle stephenson. we caught up with him last night. among the topics we covered, at&t recently announced price cut

activision, these are what people do with their spare time. every single one of their areas had the categories in decline. so, it's very difficult to be able to buck that trend. >> you talk about being disintermediated by the web or watching your business get disturbed. weight watchers shares are down 26%. on a less-than-expected number on a worse-than-expected quarter from that company, in part many would say because of the ability to do it yourself whether it's wearing a fit bit or some sort of a band and using the internet to help with the fitness program. >> yeah. i mean, good note this morning reading about weight watchers, company's winter campaign has not resonated with the consumer and the online environment. this is just the nature of the web and it just sneaks and crushes a lot of companies. >> so many different businesses that it has completely thrown off and i come back to that. it would have been hard to imagine i think even a few years ago that weight watchers would be one of those companies that suffered as a result of that. but