we're covering two gaming companies, activision, blizzard and take 2 interactive who took a break from playing fortnite to do this, as well eric >> i'm impressed with the double box. i am -- i've never seen something like that before that's blowing my mind i don't play fortnite because like the nba players reversal of fortune for both companies from the year to date performance. take 2 has been unchanged all year and is now 10% after the bell and activision down 1% after the bell after having a good 14% run this year both companies talking about esports early in the conference call and that's a big growth area for both companies and take 2 seeing strength from their nba 2k products and remember, first-ever league started a few weeks ago. take 2's ceo said that the nba team is the company's highest-selling sports title ever meanwhile, activision's overwatch league which just had its finals a few days ago at the barclays center is set up with city-based teams and has team owners involved with these teams and here's what vkt asian's ceo bobby code said on the activision call. >> the popul

activision blizzard is in talks with several crowd computing providers to offer streaming games. the three largest cloud service providers in the u.s. are amazon, microsoft and google. and all three are also involved with video games themselves. cloud gaming is still in the early stages. activision's rival has unveiled a demo. >>> airstream is bringing smart technology to its iconic rvs. owners will be able to use a smartphone app to adjust the lights, temperature, awning, monitor the battery and propane tank levels and even find their rv if they've misplaced it. the app gives them access to airstream customer service, roadside assistance and the owner's manual. or otherwise, it runs your life. >> i want to know if it empties its own potty. that would be high tech. >> that would, indeed. >>> a new local beer is apparently flying off the bay area shelves. >> the press democrat has new details. hi-fi hops made its debuted. it's a thc infused drink. it's available at certain marijuana dispensaries. this is one of the first products of its kind. >> it helps to be able to sip before y

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but when activision and ea showed wall street they're doing great and translated into epic multimonthly however, in the last week, take two, activision and ea have seen their stocks get smashed last thursday, the cults were solid, the earnings guidance well below expectations. so the stock has plunged from 146 to 127 it came in too hot to the quarter. it's dragged down the rest of the group with it. plus, the big tech sell-off hasn't helped, nor is the news this monday that a giant hedge fund manager has placed a massive short bet against nintendo each when activision had boffo numbers, it didn't make a difference much too hot where do i come down take two and activision both report tomorrow. i still like both companies a great deal, and i would view any additional weakness as a buying opportunity, unless either company says something incredibly negative that changes the equation honestly, though, it's hard to imagine anything that could actually seriously derail the long-term story here, especially for take two, which has some huge titles coming out later this year like red dead rede

activision's rival has unveiled a demo, not a full product. maybe if that happens i'll join the rest of the world in trying out candy crush. >>> airstream is bringing smart technology to its iconic rvs. owners will be able to use their app to adjust the lights and the temperature, the awning, monitor the battery, the propane tank levels. and if they're the kind of people who happen to misplace an airstream their app would help them find it again. it gives them access to customer service and roadside assistance. i'm thinking this thing might just replace the spouse. >> honey, where did i leave the airstream? >> they always know. i mean, you can always ask them because they always know the answer. >> that is true. >> if you lose your camper you'd probably lose your phone, too. >> thank you, contessa. >>> families rebuilding from the north bay wildfires may face unforeseen hurdles because of a shortage of construction workers. the mercury news just talked would a website that links contractors with homeowners. they say 20% of the construction wor

still up year to date, but the takedown has been dramatic >> yeah. 12% this week alone on ea. >> activision is down 3.5 this week >> i think it was last saturday the barren's cover art article was on e sports and how they're poised for future growth it's telling me these are battleground stocks. you pointed out fortnite, jj pointed out the delay. these companies need to take these negatives and work through them so with for instance, what i mean by that, ea says they're delaying booking the revenue until next year. okay you know what, show us show us that's what's actually happening and that you're not lose degree mohannademand if this is delaying by one quarter, these companies are going to be fine because the demographics really support these companies. more and more young adults are playing and the proliferation of e sport, the proliferation of e ports is going to continue and these companies are going to monotize for that. >> maybe we shouldn't be talking about them and we should be focused on take two. >> or gluu mobile. those first two stocks are up 11% on the year. something like tha

. >>> we've got another earnings report >> activision blizzard beating expectations on its top and bottom line. beating ball street estimates of 35 cents revenues of $1.385 billion from the $1.382 billion that was projected. projecting adjusted earnings of 47 cents compared to the 66 cents estimated. the company leaving its full year guidance unchanged at nearly $7.5 billion in revenues and $2.58 in earnings per share for the career i spoke to the activision ceo who said quote it was a record first half of the year in term of revenue and earnings per share driven with success across our franchises the exciting half of the year is the back half of the year and we're particularly enthusiastic about the momentum we have in e-sports this brings the total number of city based teams for the overwatch league to 14 a source telling me that the price paid for these teams was substantially higher than the last round of team sales it's worth noting while e' sports is growing we really haven't seen it impact activision's bottom line now >>> much more earnings and analyst reaction to come on "the clos

polygon says although ea and activision's games are different, it' still smart move. >> the differencemakes a big difference for people getting those downloads and getting people playing. i think those games haveto need ave those modes to be competitive in this space. >> fortnite will have a lasting impact on gaming and games grew % year to date according to mpd research and that's attributed in part to fortnite bringing more kidsnto gaming. for "nightly business report" i'm julia boorstin in los angeles. >>> finallyonight as college students head off to school the job sea website has ranked career prospects and here a some of the top-ranked subjects. accounting more than 90% of the majors are employed and the industry is expected to expand. busihess management, study says that degree can help secure a job in many fies including human resources and consultin c chemistry, teer points to that industry's high-paying job. that does it for "nightly business report "tonight. i'm sue hes ra. thise time of year your public television station seeks your support. we thank you ve a great evening.

i wouldn't say we're angry but definitely disappointed activision who will target the government should be helping us it came up with the idea of resettling people in new neighborhoods commits so they should be getting us new homes this image. for many years turkey's construction sector was a major economic driver the government ensured cheap loans were available and commissioned huge infrastructure projects. but now the turkey finds itself amid an economic crisis the building sector is teetering on the brink of collapse and zainab site is not the only one. this is her old neighborhood the authorities want to demolish areas like these which were once built by labor migrants from eastern anatolia. they claim these dwellings would not withstand possible earthquakes but critics suspect this is just a pretext to generate lucrative construction contracts for government affiliated companies that is the business never picked up that's what my home used to look like a little bungalow like that i had a big try on my property but yes i could pick fresh fruit it was wonderful to them in get me out

stuart: activision, at $75 a share, what does the go to?ouple of years, this thing is already doubled, it could double again in two or three years. stuart: thank you for joining us. very interesting. i have a headline from tesla. their hr cheap reportedly on leave of absence. >> unexplained why she left. she is the third hr exec to leave this year. 30 top executives have left over the past two years. they have left stock option packages on the table. i'm just going to the balance sheet. this is structurally insolvent. the shareholder equity is swamped by off-balance-sheet and on balance sheet debt. this is a company that needs to execute. they need to get cash flow in the door. if these executives are leaving, were talking head of engineering, global sales, the autopilot guy. he's got pull this off. the question is who's in there to help them pull it off. >> yet the stock holds that $300. that's an extraordinary loss of top level executive talent. thank you. stuart: president trump said there is no reason to spend so much money on military

to implement more restrictive approval process for new titles looking ahead electronic sarts and activision, bank of america, merrill lynch, cutting its rating for both stocks to neutral from buy remember ea got hurt this week after the battlefield five game to november 20th and lowering guidance she's talked about the impact of fortnite ask it will likely impact on-line activity and poblgy unit sales and he emphasized that historically, video game stocks have traded less favorably in q4 versus the market. >> thanks josh lipton in san francisco. it sounds like a lot of headwind for video gamemakers >> this is very interesting to me in late july when the company reported they did talk about the effect of fortnite and online sales and that was disappointing and the stock sold off after that and the stock just last week came down to, i think, we have a one-year chart and it was sitting on the one-year uptrend and we're thinking about it on the show and that was some interesting support, and then they pushed out battlefield 5 and you have to wait on october 30th to me, after you have a 25% draw

winner: espn says esports is not a fad . . . ,in july, disney signed a deal with activision blizzardriday, july 27, on espn - yes, primetime on the main espn channel. it was the first time competitive video gaming (or "esports") aired on espn. the ratings were tiny. friday night's first round on espn rated a 0.18 (and reached 215,000 households), or 20% lower than a golden boy boxing lightweight bout on espn on the previous friday night. the esports industry is expected to hit $905 million in revenue this year, a 38% increase from 2017's $655 million. in april, activision made a partnership with nielsen to have nielsen track overwatch sponsor exposure in great detail. winner: oprah frozen pizza with cauliflower crust . . .)exactly a year after entertainment mogul oprah winfrey announced she was launching her line of grocery-store refrigerated soups and side dishes, she's expanding to the freezer section. the brand -- called o, that's good! -- now includes frozen pizza with a crust that's one-third cauliflower, continuing winfrey's efforts to add vegetables to beloved classics, accord

so amongst companies that selected for the asian games, activision blizzard, that's titles from tencent a soccer game from economy, and also i would add if you look at the games which are being viewed by esports watchers, there are and s like street fighter, others. so relatively established i.p.'s which are quite competitive, could become interesting under esports. rishaad: these asian games are going to be vital. it's the first time we'll see these gamers next to some of these athletes. swimming, etc. judo. a huge opportunity for them. i suppose they have to make this accessible for nongamers and package it up that way. that's one of the challenges, isn't it? >> yes. i think packaging is one challenge. another challenge that i would refer to, especially thinking of adoption in paris, right now this asia games is a demonstration. in order for this to become an official sport in the next olympics they would have to resolve the question of intellectual property rights. can a single company own rights to a sport, would be a question that both game industry as well as sports organizations

but activision's rival has unveiled a demo, not yet a fuel technology to iconic rvs. owners now can use a smartphone app to adjust the lights, the temperature, the awning. monitor the battery and the propane tank. and even find out if their rv is still parked where they think it was. they can't really remember, how do you misplace an airstream? it gives them access to customer service, roadside assistance. can you imagine, where did i put this thing? >> it was bebig and silver. >> you've never seen me in the parking lot of on a quick noteg you those jobs numbers when they come at 5:30 this morning. also, some breaking economic news. china now says it will retaliate on tariffs on $60 billion in u.s. goods. we'll see what that does to the futures. >>> new videohoassi dust hitting phoenix, arizona, this week. several storms moved streets, prompted evacuations in the valley. the national weather service issued a warning about the dust storm as it moved into the area at about 20 miles per hour causing sky harbor airport to delay or cancel more than 100 flights. >>> familie

these chips are older, there's a refresh chip they're looking for any edge it's the chip space, activisionsney to that i still think that this is such a natural combination. not only is disney getting on the espn side, you can have theme parks built around it, rides built around it, everything else they do. it's a natural fit this could be a real boost for disney >> it's no rodeo, guy. >> no, it's not. >> there's a great line in a mov movie, the rock. it didn't have subtitles, but i digress about trying your best >> forget about trying your best, do your best number two you should google -- you'll know what i'm talking about >> an evaluation is extended, stocks seem to be breaking to the up side. i know you're a closet gamer, you're one of those fortknight people, you put your head 230e7bs on and go wild >> there's things in my closet but there ain't gaming in there. >> thank you, coming up, netflix soaring as the company says it's testing ads with the stocks, still in a bear market now the time to buy. let's get a sneak peak in the mad money studio with our kramer cam. jim has three sleep

story the flee businesses that have their unique levers that we think can be working for activisi activision >> and we tacked about abbott labs >> yeah. we believe it's in a sweet spot because two of its four businesses are sort of in a recovery mode. long-term, folks with diabetes, there are over 400 million people that have some form of diabetes and only 200 million have been diagnosed. and less than 1% of them are on some form of glucose monitoring system this is a company that has a new product that is going to be $1 billion plus by the end of the year so there's a lot of opportunity here in this one and sort of gets lost in the shuffle whether we talk about bio-tech and pharma, because it's neither >> a name that i own everything that yana said i agree with i think it's a company that's finally presenting itself to the marketplace. and portfolio manager, allocating to it and i think the outlook is incredibly strong for this company. it's been a name that's been under the radar the last couple of years so, for me, it's a health care favorite >> they have stopped inflicting pains post mer

a chain reaction to global game developers like capcom, activision, blizzard.ll games that distribute via affected.hey are all the chain reaction has been dragging on since march. we aren't seeing any upturns in that aspect. this thing that has already put a freeze, if they lifted today -- lift it today -- it is usually two months, and we are already midway through third quarter. matt: i don't understand why. why do they care what games come out and does this mean call of duty: black ops four won't be released in the chinese market? lulu: analysts are expecting tencent will be getting distribution rights for that game and introducing it into china, but if the regulators don't let-up, there is no way they can release these games. .ou ask why it is sensitive in general, gaming has been a sensitive issue in china, even though we have the largest market for gaming. most gamers, four hundred million gamers, actually. at times, you see the regulators come in and criticize these large publishers for inducing gaming addiction, inducing runence and saying games against

19% and 13% in that time and it's nothing compared to the big three gaming stocks and take two, activision and ea have destroyed media stocks so that bigs the question here, have video games the tv star >> no. i don't think so i think it's shifting a kit is a huge beneficiary, that, tvs have schetted and they're doing a broadcasting and what not. in this case i still think you -- >> they will flock to watch the esports team try and beat the heat in the first-ever final for the nba, two 2k league welcome to fast. great to have you with us. what should weexpect how big is this going to be? >>. >> we think it will be huge. we had four more teams added on and we fully expect that all 30 teams to be a part of it and beyond we see this being an opportunity and we see this having a shanghai team and playing the gaming and we think this will be global >> who is watching what's your demographic? >> so there are three distinct audiences we look at and one is the players who play this every day and there's 1.6 million playing 2k on the daily basis. certainly, we have nba fans and we have 1.4 billion

alix: activision and competitors are falling on the news.hat is making headlines outside the business world. president trump says the future is bright for investors. he tweeted that news about financial markets is better than expected. for all of you that have made a fortune in the markets are have seen your 401(k)'s rise, more good news is coming. the s&p 500 closed above 2900 for the first time yesterday. president trump has backed off some of the barriers of begin his administration's hawkish stance on trade. before this year, three countries accounted for almost a fourth of u.s. steel imports. iran is teetering nuclear agreement will be at the top of the agenda when the eu top defensive diplomatic officials meet in vienna. president trump is a position to pull the u.s. out of the deal has turned up the pressure on the u.s. france and germany have called for the eu to adopt policies to sidestep u.s. sections threats. global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than

activision blizzard's(atvi) "call of duty: black ops 4," electronic arts' (ea) "battlefield v," and " kill any of the other shooters, all of which are highly popular properties in their own right. but games these days are designed to generate revenue well past their initial point of sale. so underperformance of any of this fall's big releases would damage the bottom line of their respective publishers for the coming year. i work at starbucks. should i sell or keep the stock they give me?alexander major hot spot major hot spot in walnut creek on sb 680 at wb 24 overturn accident blocks the three right lane. traffic jammed out of concord from 242 and hwy 4 ( darya ) happening now... family in palo alto are searching for their mother who was last seen last friday. 66-year-old wamaitha kaboga-miller has not driven her car in two months becaue of a back surgery. but last friday she drove to the country time market in east palo alto and then left in the directon of the dumbartaon bridge. wamaitha's son are fearful someone took advantage of her because she was still moving slow from her surg

fortnite starts to kick in again and in october, when we get the massive game launches from ea and activisione be so huge that fortnite becomes less appealing? we'll see. >> julia, thank you. >> shouldn't they be doing homework >> just juggle it all. >> up next, a better look at today's after-hours movers when we come right back ♪ never drop to your knees, ♪ look into the sky for a momentary high, ♪ ♪ you never even tried till it's time to say goodbye, bye ♪ ♪ everybody fights for a little bit of light, i believe. ♪ geico motorcycle, great rates for great rides. >>> let's get you awe check on some of the headlines and moves in the after hours shares of hpinc., despite revenue and earnings beat after the bell earnings came in in line with analyst expectations and it's up about 2% >> ross stores also falling after issuing third quarter guidance despite an earnings beat and that's been another extremely strong performer. >> up double, up 60% in the last year, but a retail loser and intuit announcing the company's ceo brad smith will be stepping down at the end of 2018 and he'll remain at the com