and activision is counting on a hit.any reported $500 million" on the franchise. >>> alling is holding an event at 1:00 p.m. eastern at the flint center for the performing arts. that's the same site where steve jobs introduced the original mac computer 30 years ago. apple is expected to unveil the iphone 6 with the largest screen and most likely a smartwatch, too. >>> and apple shares have outpaced the markets in anticipation of today's event. up 30% in the past six months. historically, apple tends to lag after a product release, but over time, the stock outperforms with the biggest gains coming six to 12 months later. will greenwald joins us now. will, how big is this launch, not just for consumers, but also for investors? >> well, for consumers, it is always a big deal for an iphone. here in new york, there are people lining up already at the apple store to preorder it, because not even going to be on sale likely for a couple weeks. the big question is what features are they going to add and how big a jump will it be?

has activision found the next blockbuster franchise? destiny went on sale and it millions of dollars in sales on the first day and it's one of the most expensive video games ever. intel is holding its developer forum in san francisco. we are live at the event with the very latest on their new products including what they hope our cutting-edge wearables that can be worn everywhere from the golf course to your surfboard. perhaps the most important product at apple that they introduced is not a smart watch or iphone but apple pay which tim cook says will forever change the way we buy. it will store credit card information on the iphone and allow users to pay for items by holding the phone next to a reader. you can just wave your wrist of you're wearing a watch. apple has lined up 220,000 retailers along with visa, mastercard, american express and they claim the product is more secure than a traditional credit card. how does it work? is it a game changer and can apple succeed in a business where other tech giants like google have not? is ou

activision blizzard said its new game "destiny" sold $5 billion in its debut.ined by activision blizzard ceo. >> bobby, thanks for join us today. congratulations on such a big launch. what are these better than expected sales launch numbers say for the holiday season? >> i think sales are off to a fantastic start. it is the biggest launch of a new entertainment franchise ever in history. when you look at the playstation 4, you look at the xbox one and enthusiasm for hardware devices and how different these games can be. these games are materially different. they look better, play differently, play better. there is a sense of realism. it's extraordinary in terms of the graphics capability in terms of the new system that. will bode well for holiday hardware sales. >> there is something interesting to point out here. this is not just about physical console sales. the success of the launch of this game say a lot about the shift towards digital. how important was digital in terms of the launch day sales? >> this has been probably for us the biggest digital release o

while activision says its use of noriega's likeness is protected under the first amendment.elease a set-top box next month in the u.s. playstation tv will cost $99.99 and let players stream over 700 games from handheld sony devices onto their television. could the box be expanded for even more entertainment options? i am joined by our bloomberg news and entertainment reporter from new york. cory johnson is still with me. could it be used to expand entertainment options or is the target audience gamers? >> it absolutely could be used for other entertainment options. it is already being used for sony's own in-house streaming service. they have not say yet what else it will be used for but it certainly has the option. sony has always been gamer first so we will see how soon it takes them to get that far. >> what kind of other companies are they targeting? are they targeting apple tv or roku? >> i asked them that just today. they said yes, it can, but because it is gamer first they think they can do more than the apple tv. they offer 700 games, that is the selling point. it work

. >>> news on activision blizzard.ision hiring rudy giuliani to take on manuel noriega. suing for using his likeness. he says he's entitled to share of the profits and news is that july annie is representing the activision blizzard. former mayor giuliani will serve as co-counsel. he says i'm not interested in giving handouts to convicted murder and drug smuggler demanding money in activision for exericising it right to fre speech. having giuliani argue the case would reassure investors about the lawsuit. in a twist, giuliani's 1989 bid for mayor his then-firm represented noriega which was used against him in campaign ads. over to you. >> that is an interesting development. thanks very much. >>> apple announcing record breaking first weekend sales for the iphone 6. joshly. ton joins us silicon valley with the staggering number and what it means. josh? >> reporter: apple says it sold 10 million of its new iphone 6 and 6 plus phones. put that in context, that is a new record and 1 million more than the company sold last y

activision down 1%. >> noriega suing activision. this destiny game has been a big disappointment.ot nearly enough sales to have the stock price continue the run it's had. i think the stock trades below $20 and you buy it there. >> herballife finishing down for the day. rumor carl icahn is selling his stake dplp these ki stake. >> these kind of rumors make no sense. carl icahn is likely an insider here. he probably can't sell stock. even if he did, if he sold more than 1%, we'd have to see it. so it just doesn't make sense. highly likely to be baloney. >> tata motors. upgrade from credit suisse. >> i think this as an opportunity to sell on a position i have had for a long time. they've done a great job of outperforming their peers. their move and the move of india is overdone. i think the dollar strength is also ahead wind for these guys. take some profits. >> for finish line down 40%. downgraded to equal weight. >> kept the price target at $34 a share. went to equal weight. this was not the downgrade that people oftentimes would say wow, they're really ganging up on the stock. the

neil: he's in an activision game. >> in call of duty, played by 40,000 people. probably one of the most popular games in the world, and he is suing for millions of dollars. neil: are they actually using him as the character? >> they are using him but putting him in a fictional role. so this is no different than if bin laden's family were to sue zero dark 30 for the way they depicted him in that movie. neil: where is this played out? >> california superior court. he's suing for millions of dollars. here's the interesting thing, he is a small character in this particular video. he appears for only 1% of the time, 45 characters. president bush's character, david petraeus is a character, oliver north helped develop the game. he's a character. neil: are they getting any cut? >> they are not, they are not suing, getting money, they're public figures, they're not entitled to it. the danger here is a danger to free speech. it's a danger that if he could prevail with something like this, all of this genre of historical fiction could be in jeopardy because people could su

. >> behind the game is activision and they have call of duty which is the leader in the first persony landers which is an incredibly successful kids game and you boy toys to play with the game and they know what they are doing building big franchises and i think while the company have the spending at $500 million on building destiny i think that figure is based around building the game up and obviously developing the game and obviously the cost of marketing a game and reaching the core demographic of young gamers which is what it will appeal to and building it out to a massive universe and the game is universe and you can visit birth and mars and going to the moon and building this out over years and this is not one single game and this is what games are these days, it's a game that will go on through expansions and sequels and cross media things so it's a very, very big investment. >> do you think gamer also be attracted to it? >> i think so. if you play a lot of games such as myself you know this is from the makers of h, -- halo and they are pushing it from the gamers from halo and

videogame maker activision, the company says this week's release marks its biggest lunch yet. topped $500 million. destiny was launched worldwide in more than 11 midnight openings. debuts in france, italy, and the netherlands. it has raised $31 million of venture capital as it tries to bring bitcoin into the mainstream. that is this morning's company news. >> people traditionally have spent less as they retire, but not baby boomers. says our guest host. he says they're wealthier than previous generations and will spend more. ben, i'm curious. first of all, where the wealth is coming from. >> the wealth is coming from a broad array of sources. it is coming from equities, the housing market recovery -- >> even though housing is still 15 percent off its highs? >> that's right. inh an increase of 13.4% 2013, so we saw this long-awaited recovery that did a lot to boost the assets of not just the wealthiest, but a broad array of homeowners. so we expect that to be a boon to consumer spending going forward. eventually, tug-of-war. have aone hand, we do tendency or people have a tende

dragged lower by some big names including tesla who shares are off by 9.5% and also facebook and activisioncouple of individual stocks we're watching. the first is at&t. news that american mobile has reached out as a potential suitor according to people with knowledge of the matter. hoping to appease regulators over antitrust concerns. this could fetch as much as $17 billion. american mobile is carlos slim mexican conglomerate. we will be on the markets again and 30. ♪ >> welcome back to the second half-hour of "bottom line." i am mark crumpton. thank you for staying with us. su keenan has details. >> good afternoon. the energy rebound one of the big stories. west texas rebounding back on the weaker dollar. oil futures rising as much as just over half a percent on the lack of any bullish news. oil will continue to trade sideways. energy prices rose earlier on china economic crisis. aaa reports gas prices. hurricane odiel the strongest to hit baja california and decades. a battle the mexican peninsula with high winds and rains. abos san lucasst some resort area. it is forecast to continue to

activision, blizzard has fired former new york city mayor rudy g -- rudy giuliani to defend the companyover its call of duty games. norriega is seeking damages after his likeness was used in the game. rudy giuliani called the lawsuit absurd. while activism says it is protected under the first amendment. sony robo is a next month in the u.s. cost $99.99tv will and let players stream games onto the television. of the box be expended for even more entertainment options? cory johnson. could it be used to expand entertainment options or is the target audience gamers? >> it could be used for other entertainment options. it is already being used for sony in-house. they will not say yet what else it will be used for but it certainly has the option. firstas always been gamer so we will see how soon it takes them to get that far. >> what kind of other companies are they targeting? are they targeting apple tv, roku? >> i asked him that just today. they said yes, it can but because it is gamer first they think they can do more than apple tv. they offer 700 games, that is the selling point. it works

>> caller: excellent, i'm curious about activision. >> you know, i like it, but my favorite at theseevels is taketwo. how much do i like what is going on at take two? well, i'll tell you, it was downgraded from a buy to a hold, and yet it still went higher, well done. let's go to mark in tennessee. mark? >> boo-yah, jim. >> caller: my stock is esp. >> earlier i referenced freeport, you know, that stock is out of favor. we are do the exact same thing with esv. the quarter was good. nobody cares. i like it. i like to bottom fish sometimes. esv is my bottom fish. michael in pennsylvania. >> caller: a big pennsylvania boo-yah to you, mr. cramer. >> a lot of steeler other eagle fans. back to you. what's going on? >>> thank you and your staff. >> i wanted your thoughts on te -- >> i thought summer sheffield's company would be doing better, but with oil coming down, everybody is freaking out and dumping oil stocks. i say you want to be a buyer, not a seller. royal dutch, i like that. i like defensive oil right now. alan in florida, alan? kl biodelivery sciences, we're seeing changes at the

activision says it's the most preordered video game in game history. >> how about that?merica's oldest women rights groups is calling on the head of the nfl to resign. >> that comes after the emergence of a video showing former nfl star ray rice knocking his then fiance out old. >> we will have that story and much more after this very short break. so what we're looking for is a way to "plus" our accounting firm's mobile plan. and "minus" our expenses. perfect timing. we're offering our best-ever pricing on mobile plans for business. run the numbers on that. well, unlimited talk and text, and ten gigs of data for the five of you would be... one-seventy-five a month. good calculating kyle. good job kyle. you just made partner. our best-ever pricing on mobile share value plans for business. now with a $100 bill credit for every business line you add. it's time to bring it out in the open. it's time to drop your pants for underwareness, a cause to support the over 65 million people who may need depend underwear. show them they're not alone and show off a pair of depend. beca

the first transaction he did was selling off his stake in act activision using that cash to pay downh out maturities. liz: and this is a stock that's up about 19% over the past year. i think the pe ratio is around 13 which is relatively inexpensive at the moment. trailing -- >> yeah. liz: vivhy is the ticker symbol, again, european. e but we just cycled through the b.r.a.c.e. that you always look for. we'll put those up on facebook.com/lizclaman so you can work your own methodology through that. do you sense that things will get more volatile, or is that something where you just say expect it and deal with it? >> well, as we were saying a moment ago too, and i say it in our investor letters every month, we study where are things going. we'll look out 30, 60, 90 days, out a year or two, but we're trying to make money in the here and now. what is obvious to us is like the parallel we saw in the states with low rates when the s&p average dividend was higher than the ten-year treasury here, equities were attractive. the same will happen there, and vivendi is a 5% dividend payer. liz: see

we walked you through the losers today but tesla, activision, trip, micron, celgene.oney in the past 12 months a lot of people are selling it today. >> some of the conventional stocks you would think would see air let out of them ahead of the alibaba ipo. ebay, amazon, ten cent which is traded in hong kong. cramer says watch out for mobile eye, gopro, some of the other ipo that investors bought they will have to reposition out of. >> yeah. even salesforce, netflix, zynga, ebay. >> we're not through what's going to be -- >> it's monday. >> a volatile week with the fed meeting and the scottish vote and ipo. so we'll see. the great scott wapner will take us through the next half hour. >> thank you so much. let's meet joe ter nova, director at inver tis. stephanie link co-portfolio of jim cramer's trust. pete najarian option munster and josh brown of rit holtz wealth management. we could begin with the biggest ipo, alibaba set to post on thursday, trade on friday and new developments breaking about the pricing. kayla tausche has been the one doing the breaking. and she jo

activision says the highly "nticipated game "destiny generated $500 million on revenue on its first dayre spending as much as half $1 billion to make and the market the game, making it one of the most expensive ever. of theman maker smartphone game shadow king is preparing an ipo. mucher's plans to raise as $1.5 billion to invest in acquisitions. the are building up their advertising business and investing in engineers. the oldesta botin, daughter of the d ceased deceased -- of the santander chairman. this makes her one of the most powerful women in banking. it is phenomenal when you look at this. a woman who started in the business, well over 25 years ago. she had been almost brought up in a dynastic family. she is 53. if you think about santander, she has been in the u.k. -- we broke the news she had lost her father -- she drove set tender in the u.k. and the driver of every. she speaks five languages. she was a champion sportswoman for spain in 1973. she was winning medals. she has done powerful, big acquisitions. she then the meetings after 7:00 meetings after 7:00 in the evening be

was convicted in the united states, france and panama, is sitting in a panamanian jail is suing activision -- >> the video company. >> the video company for a video game called "call of duty" which 40 million people have and use. and he wants millions and millions of dollars. the company that he's suing is a good company. they employ 7,500 people. they have found homes for 5,000 veterans and they help veterans constantly. they put a lot of money back into the community. he wants millions of dollars because he's mentioned as a bit player in this. he's one of 45 characters. president bush is in it. oliver north is in. general petraeus is in it. they're not suing. he wants millions of dollars out of this company. it has a certain danger to it as a free speech issue. if he were to succeed, then any of these people who are mentioned in historical novels or this new genre of historical fiction -- you think of bin laden's family could sue for the movie "zero dark thirty". >> if he's not depicted the way they want him to be. >> exactly. there's a free speech issue here. i began my career as a firs

. >> and activision's new game, destiny, goes on sale today.his is a new series and the anticipation is hot. industry watches say destiny could bring in close to $1 billion in sales now through the holidays. that is today's squawk plans and a quick reminder, the cfo, game stob, one of our guests tomorrow. we'll see how much destiny means to the retailer. >>> when we return, we're going to meet a dad that took manners into his own hands create ago drug making a giant into a battle. he's going so be right here on squawk when we return. ameriprise asked people a simple question: can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement today. it's in this spirit that ing