power behind adobe that gives interactive dr.y do i say be careful if i think they're going to go up substantially over the long-term? i understand psychology. amd is up 10% today, but it was red hot in late april before the stock plummeted from $13 to $10 overnight. they ran from the stock fearing there was something wrong. by the same token, invidia languished from november to may before rocketing to do 150s. during that period of underperformance, so many home gamers were shaken out, that i was pillered for still liking the company. both companies have moments where they can either get hammered and cool off. if you want to own them, you have my blessing to buy some now. all i can is you save cash for buying more later. with both names, your first buy is unlikely to be the both right now you're chasing amd if neither one ever comes back down, you own a small position then, i call a high quality problem. you just need to be patient. so here we go. here's my instructions listen, amd and invidia, by some now, by some later lucas i

cory: i can connect the dots with oracle and adobe.y had to keep this business going, but completely change it from license software to the cloud, the same thing oracle is trying to do. a great moneyman for is -- money manager is famous for saying -- i want to show you what oracle has done. this is adobe's -- the blue line is revenue. the red line is deferred revenue. that is the money they have collected for services not delivered. what you see is a transition to the cloud. in this area, you see this inflection point happened where the deferred revenues started getting bigger than the actual revenues. if the more predictable -- it's a more predictable business model. suddenly, we are looking at a different projection -- progression. a jump with actual revenues later. oracle would like to have it show big deferred revenues and actual revenues showing up a little later. oracle is moving in that direction. adobe is already there. caroline: trends going in the right direction. great to discuss this with you, cory johnson and michael wolf.

>> adobe reporting eps of 1.0 it, above expectations of 95%. like revenue for digital media, photoshop and revenue 1.21 billion and digital media, annualized recurring he have knew 4.65 billion and analytics revenue $495 million that stock was already up 40% for the year heading into this print. it looks like it's ticking higher now in the after hours. guys, back for you. >> 2% higher adobe's ceo will be joining "mad money"'s jim cramer tomorrow night, a cnbc exclusive interview to discuss these results and more at 6:00 p.m don't miss it. high expectations already a big winner, mike santoli, 11.5% the last three months. >> the bar keeps going higher because it's been such a good story, and they hurtled it this quarter. stock was above 1.44 in the big-cap tech pullback, and now it may be on this bounce after hours. it might hurtle back above that old high and it did have at least a minor wobble up near the highs here which is the big cap kind of consensus names. >> jason ware, i know you don't own adobe, but this is becoming a bigger part of the

i have adobe, champion, orion. international.bal attempt for small businesses to be able to sell their ares i listen to jack ma and i think to myself, you know what, there are people in this country who are going to have a billion people that are part of their market that you never thought you could touch and it's because of ma and the technology does he ever talk about how there is a virtuous circle coming together of the technology being able to make it so that we could have chinese people buying our stuff? >> without a doubt in fact, we have a long discourse about the future of employment you heard him refer to it briefly in that exchange in terms of the potential pain over the next 30 years. that's something we talk about where you guys are in terms of what's going to happen with automation, robotics, machines, ai and the replacement that that's going to involve in terms of jobs. we talk a lot about that he does seem to embrace the idea that we're at a point where people are going to be their own small business, be able to se

too far too fast if you haven't bought adobe yet, you have to wait until this company reports. we have been putting out bulletins like mad at action.com it was a fantastic quarter, keep the pattern in mind, you might get another opportunity. we're always fretting these days about anything auto, we worry about peak auto sales, we worry about subprime loans to auto buyers and we worry about auto parts. and we're concerned about how the big car dealers are doing. we're going to get numbers from car max. i'm going to listen to the call, but only to find what the state of the industry is i'm worried too that auto has become a drag on the economy and that car companies have lost a lot of their value and oracle, given what we're seeing from some of the other companies, i think oracle is going to report a good quarter once again you ain't seen nothing until you've analyzed the tradiing a t accensu accensure. last time accensure dropped from $126 to $114 after it reported and here there is back to $127 every once in a while the market astounds you at how stupid it is bed bath & beyond h

adobe or autodesk. i picked these because investors don't have a clue about what they do except they go up. adobe does something in a cloud. it's about making it accessible and usable and creative. we do know it. but that doesn't matter. auto desk. this one completely leaves people. i have no idea but it's for worker produwor worker productive. whatever. 9, lam research. no it's not an animal health company. they need manufacturing in order to be able to make the red hot chips. whether it be flash or just general internet of thing gismos. lams makes the semi-conductors. act vision blizzard. it has the hot games that run best on chips. gamers can substitute take 2 interactive. that's your call of course. i'm going to let you pick which ever gaming stock you would like. 11 general dynamics. do you think in any of those stories people are worried about stopping these defense stocks? the only way a monster will suffer even a glancing blow is if comey delivers a knockout blow to trump. our ally versus to buy

adobe shares are gaining in late training -- trading.f it posted wednesday the current level will mark a record high on the stock. big names in text got at the white house. we hear from code for america's executive director, who attended the meeting alongside apple's tim cook and microsoft's subtenant ella. this is bloomberg. nadella. this is bloomberg. ♪ emily: u.s. treasury secretary steven mnuchin says the top administration will not be set as i'd with 2% economic growth -- satisfied with 2% economic growth, as lawmakers continue negotiation on tax reform. he spoke earlier to bloomberg television. >> i think we have been pretty consistent in saying we are working every week very closely with the house and the senate to have a joint plan when we come out. the idea is to get us all on the same page so when we release the combined plan, it will get past. it will get passed by the house and the senate and the president will sign it. it is our focus to get it done this year. it's critical to the economy. we are working every day to get tha

president, i'm ce to of adobe, the company best known for photo shop. thank you for having us today. two quick things. i think you are championing a culture of innovation i think will be critical to our country's future leadership and shared services for improving government i believe will drive a lot of efficiency. >> thank you very much. >> ceo of intel, you know, way got out of today first it's a great honor to be here and a real pleasure. but also it was a great outreach between the private-public partnership that we can drive innovation much, much faster. i see this as just the start of what wee can accomplish together. >> thank you, a great company and i appreciate it have much. >> i know many people in the white house and supported general mcmaster on the front line and many of his special operations people around the world. ways gratifying about what you are doing is to focus on getting more output for the input i don't think there has been a deep focus on in the past. we focused on rooting out fraud and abuse in government which is something al

there is a full page ad out calling for the president to stay in the deal, endorsed by companies like adobe, apple, blue cross/blue shield, facebook, and others. why do you think they're putting this ad out? what about other industries that might say, you know, pulling out of the deal is vital for their interests as well? >> well, you know, it's interesting. i was around when president bush decided not to put the kyoto protocol, maintain the kyoto protocol, and it's such a different era from that time in the sense that the -- there was a lot of push from the oil and gas industry, fossil fuel, many, many companies in this country not to be part of that agreement, in part because there were binding targets under kyoto, but also, it's just been a sea change in terms of corporate reaction to climate change. this is just one of the letters that have been put out in recent months. but also, just hundreds of other companies. lots of just pressing this administration to stay in the deal and i think -- my takeaway from that is what is fascinating is that in prior administrations democratic or republ

there is an analyst call affecting another big stock and that is adobe.irst two downgraded the stock to a cell and here it is not necessarily that this analyst is negative on the prospect for adobe but says the stock is up too much too fast. that appears to be a theme that many analysts are looking at. maybe the outlook is not negative -- is not negative but it may be where the stocks are priced. something else is what triggered this big tech selloff question mark one thing that happened on friday was a callout from goldman sachs who flagged the low volatility in tech stocks as a reason for concern. they also coined a new awkward fong acronym. faamg. it's like a subway map here. a saw volatility fall to relatively low level early this year. it has been coming back up and goldman was concerned about the low volatility. if you look at the nasdaq volatility versus the vix, certainly, we have now seen a spike in that relative volatility as we have seen a diversion between the tech shares in the past couple of days and the broader market. i will talk more abou

digital advertising, digital growth, adobe. you saw great earnings again.i think that's going to continue. and it shows that businesses are investing be individuals are investing in terms of their personal businesses. all good signs for the economy. it's all real positive in terms of the economy in the future. gerri: fedex announced they will charge more at christmastime for overnight deliveries. oh, no, that's ups. russia ramping up a potentially deadly game of chicken with the u.s. over a battle zone half a world away. general jack keane there join me to break it down coming up. ♪ here comes the fun with sea-doo starting at just $5,299 and up to $500 rebate visit sea-doo.com today looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. your insuranc

corporate earnings will be front and center with adobe systems and fedex reporting results after theell as for data, first quarter current account desit wificit w released this morning and look for commentary from the fed with eric rosengren and dallas fed president robert kaplan, both scheduled so speak and you'll hear exclusively from chicago fed president carls evans at 10:30 a.m. on cnbc. >>> shares of tesla are on the move on reports that the company is look to break into a new market landon dowdedy jo edy joins us e details. >> reporter: tesla is close to an agreement to produce cars in china for the first time this would give the electric carmaker access to the world's largest auto market. setting up production in china is key to elon musk's goals to continuing to grow in the country. tesla's revenue tripled to $1 billion in the country last year alone. another big perk, tesla would avoid a 25% tax on certain vehicles built in china. according to reports, we could get an announcement as soon as this week. tesla has not publicly commented. look at the stock. shares are up about

figure that out to the best we can by the way, what as to yim cramer and homer simpson have in common adobe's ceo shows us. >> he's game. >> he's got a demo of its newest product. >> i want to see that. >> we have so much to talk about, it's scary. >>> let's start off with oracle. they are up in the premarket, on track to open at a record high for this company after it posted better than expected quarterly results. it got a bit lift from the cloud computing business, trying to go into competition with the likes of microsoft p. >> yep. >> and google or alphabet as we like to call it, mark hurd saying it was the best quarter ever heard don't want to miss that. what are your thoughts, jim? >> eight for nine, david eight for nine nine analysts on the conference call, eight of them say -- that's the highest ratio i have seen in 2017, which makes it so that you have to understand they delivered. now, david, the -- >> it makes my skin crawl. >> there are two qualities i always appreciate on a call that you never get anymore -- confidence and hue brings. the confidence and hubris, it was deserving, b

julie: adobe has sort of ridden the wave in both directions. that has done pretty well this year but then has pulled back recently along with the rest of the tech pulled back. what you look for an earnings report here? >> it did pull back but it pulled back to technically the 50 day moving average, a big support area where other big tech names have run and pulled back and dropped below some big moving averages. the move the option market is about a seven dollar move. if we give anything to the downside i want in at any point. thegoing out and buying july 1 45, 150 call spread. it is not just a play this week for earnings. july 1 45, 150 paying a dollar and a quarter or so. it's a five dollar wide call spread. widthan go to a maximum of five dollars. the fact a couple of weeks ago during the tech rack that adobe even really hung tight on the 50 day moving average tells me technically there is a lot of sports there, there are a lot of buyers. julie: do you think going forward in general there has to be more differentiation among the tech names, t

apple, google, "salesforce" and adobe. so if indeed president trump does decide to pull out of the paris accord, the plan would then be to form a team to dismantle current policies brought about by barack obama to reduce climate change and that could take up to three years. >> anne, thank you very much for that report. and taking another live look at the white house rose garden, we'll bring you president trump's paris climate agreement announcement live when it happens. >>> in the bay area, vallejo police shot and injured a man who they say had rammed an officer's car. as kpix 5's jessica flores reports, the suspect's family is now calling that shooting excessive. >> reporter: this is how the police shooting ended. the dodge challenger in a ditch with bullet holes on both sides of the car. vallejo police say they caught up with the suspect 20-year-old kevin decarlo in martinez. police say after the suspect rammed the dodge into a police car, officers fired gunshots into the dodge striking the suspect multiple times. his fa

most extraordinarily sophisticated developments of urban living, because you have people living in adobe—constructedey're often described as the manhattan of the desert. in the actual manhattan, during the late ‘60s, eastern mysticism was popularised by the hippy culture of the time. young people in many western countries were inspired to find love, peace and harmony in their lives. but these ideas have their roots in asia, from films shot in the 1930s across the himalayan ranges, of journeys through bhutan and tibet. the men who shot this footage thought they had discovered paradise among the himalayan mountains. george sherriff and frank ludlow filmed scenes of a simpler way of life, where people were happy, content, and lived to a ripe old age. they stumbled on what they thought was a brighter, more hopeful world — a contrast to the grim desolation of europe after the first world war. this map, dug out from the archives of the royal geographical society by professor mike heffernan, shows seven of sherriff and ludlow‘s expeditions. each colour represents a different journey. well, essentially, it'

concord police say a man was shot to death on salvio street near adobe street.on the sidewalk. brad jacobson/suspect's father- "(philippe) have you heard from your son? (brad) no, i havent, yes, i did -- he called me. (philippe) what'd he say? (brad) he didn't know nothing. he said he didn't know anything about it and i told him to call the police. (philippe) and, has he? (brad) i don't know." the identity of the victim in the deadly shooting has not been released. philippe djegal, kron four news. ( marty ) still ahead. a california woman pleads guilty to vandazling a mosque. we'll show you the damage and explain what charges she faces. plus. tensions are building at the white house. as the investigation with the russian probe continues. and now another person may stepping down from office. and next. cleaning your mattress could save you money. we'll tell you how. after the break. you how. after the break. ♪ ♪ isaac hou has mastered gravity defying moves to amaze his audience. great show. here you go. now he's added a new routine. making depositing a check seem

i give you one stock, adobe is a $70 billion market cap, year to date, adobe is up 40%.trades at over 10 times sales. is it overvalued? yes. does it matter that i say it's over valued? absolutely not. >> adobe pulled off a historic transition of its business model but inspired the next wave of software. >> the entire world appreciates that and a bit of plotting for a couple years. >> you can create any argument to justify valuation. what you cannot do is take back the fact that you bought amazon at $1100, when it's down at 900 two years from now. >> it's not those stocks to the exclusion of others. >> it's not just -- there are 99 new highs, 52 week highs in the s&p today. some of the companies trading at all time highs, it's not just the usual suspects, carnival cruise lines, darden restaurants, colgate pal malive. cboe. united health, j & j. united airlines. >> those are all growth stocks. basically, this -- >> sherwin williams? >> housing, growth. >> all this year, all this year they're two areas you would not expect to be left behind that are totally left behind. >>

he has the first cell rating on the street knows adobe shares.d say that the stock went , stillmuch, too fast positive fundamentally on the stock year. in addition we have been watching volatility on the .asdaq versus the s&p 500 we have a chart on the terminal of that in this is just a ratio of it. it is actually down a bit today as we are seeing volatility for the s&p 500 rise at a faster rate. you can still see the elevated volatility and technology versus the broader market. big week for up, a central banks. this is numbered. ♪ -- this is bloomberg. ♪ julia: this is "bloomberg markets." scarlet: as we mentioned earlier, it the big week for the fed. julia: already policy decisions are coming out in the fed is expected to raise interest rates when it meets on wednesday. earlier today spoke to adam sandler and asked him about the discrepancy between the projected path in the market. >> if you think about it, so far this year they are delivering it what they said they would yet the market is saying that don't believe you will do anything further

. >> many bay area companies including apple, google, sales force and adobe support the paris climate agreement. mitch mcconnell and 21 other republican senators support with -- support the withdrawal. veronica de la cruz, kpix5. >>> two teens were remembered in a occasion crash in alameda. brianna ortega and simon sotella were killed on monday. police say the 17-year-olds were passengers in a truck that was racing down park street. the truck clipped a minivan before slamming into several light poles. tonight family members are blaming the driver. >> there's a lot of pain and anger towards this person that was driving, a lot. we're going to push the issue until it gets done. >> five other passengers were critically injured when the cab of that truck was ripped off in the collision. so far the driver has not been charged. >>> tonight the woman at the center of a police sex scandal says she is ready to move on. kpix5's betty yu reports she was just awarded nearly $1 million to help rebuild her life. betty? >> liz, today she told the media that being in the spotlight and testifying in co

. >> we haven't seen this level of investment in business growth in downtown san jose since adobe. do you know the way to san jose? clearly google does. >> the big campus will bring up to 20,000 jobs to san jose making it google's largest branch in the world. >>> time check 4:40. one bay area neighborhood is dealing with a growing coyote problem and has dog owners on edge. >> plus, uber fires more than a dozen employees over reports of bad behavior. who are these people? the energy conscious people among us say small actions can add up to something... humongous. a little thing here. a little thing there. starts to feel like a badge maybe millions can wear. who are all these caretakers, advocates too? turns out, it's californians it's me and it's you. don't stop now, it's easy to add to the routine. join energy upgrade california and do your thing. waters has now sparked, a state of emergency. >>> sandbags are lining streets near lake ontario in new york where the threat from floodwaters in the state of new jersey. they are not supposed to roads in the area unless necessary and loca

. >> many bay area companies including apple, google, "salesforce" and adobe support the paris climate agreement. senate majority leader mitch mcconnell and 21 other republican senators are in favor of the withdrawal. >>> a universal healthcare plan for california could save the state billions. economists at umass amherst find a single payor plan would cost california $331 billion per year. that's $37 billion less than the current system where millions of people are uninsured. to pay for it the state still needs to find $106 billion in tax revenue. researchers say the savings would come from eliminating insurance company overhead and controlling prescription drug costs. >>> as the warriors and cavs prepare to play game one in the nba finals tonight police in los angeles are looking for the person who sprayed graffiti on the home of lebron james. >> no matter how much money you have, no matter how famous you are, no matter how many people admire you, you know, being black in america is tough. we got a long way to go for us as a society and as african- americans until we feel equal in am

the biggest think the adobe act of 2014. are the own once at risk. the u.s.ttling an escalating cyber war with china and russia for years. multiple u.s. agencies concluded that russia was behind the hack of democratic national committee emails hoping to push the election in donald trump's favor. this is something that vladimir putin denies. all habitats have unhappy endings. in may of 2014, many numbers were stolen from target. those numbers were useless because the pin codes work encrypted and the banks immediately closed all the cover must attacks. cybersecurity is at the worst and best it has ever been. safeguards protecting individuals and corporations are always being improved. the massive 2014 hack of jpmorgan did not result in losses for customers. they were covered by consumer protection law. inspire jpmorgan to build a vast cyber security operation. the u.s. eventually identified the hacker. keeping data secure requires constantly updating technology. high-security comes with a high price tag. manyat was one of the quick takes you can find on the blo

rewarding to buy there are a host of other companies that fit this pattern including sales force.com, adobe and auto nation. all of these stocks have gotten cheaper too. they managed to rally without any push at all. i think the analysts community will be out in full force defending all these stocks tomorrow morning, they didn't want to come out today, tee dangerous, i can't tell you when those stocks will bottom, perhaps they already did today, i can tell you that you don't often get a discount in these high quality names, and there could be further markdowns, it's a buying opportunity, not a red flag about something that must be avoided now there's a matter of this rotation out of high grade into value. i think the change makes some sense, i regard all value as just not as intriguing to mutual funds. the banks need the fed to raise rates more than a couple of times. it's not in the bank's hands the retailers -- but we have had a couple of days of rallies, now what, we're not going to hear any great news, the oils, they can't go any higher until crude has a big run. health care, there's go

with american ceos here in d.c we saw high participation from silicon valley jeff bezos of amazon adobe, and apple tim cook. >> tim, can we ask you how the meeting went >> it was fantastic. >> jpmorgan jamie dimon had positive remarks about the prime minister. >> how would you say, what was he receptive to. >> he is very open, receptive. >> biggest sticking point you would say? >> i don't think it was a sticking point per se. >> other big names included irene rosenfeld, centered around challenges american companies face doing business in india, which includes regulation and strict rules that make it difficult to invest in the country. modi and trump will engage in a discussion on topics like security, defense cooperation and combatting terrorism, key concern for both leaders india expressed interest in purchasing high tech drones from the united states. some officials question whether the purchase would add to india tensions with pakistan overall, hearing this meeting is more relationship building and less about deal making. >> in terms of business leaders that met with modi over the we

the biggest think the adobe act of 2013. 152 million records were compromised.re not the only at risk. ones the u.s. has been battling an escalating cyber war with china and russia for years. in multiple u.s. agencies 2016, concluded russia was by the hack of 20,000 democratic national committee emails hoping , to push the election in donald trump's favor. a conclusion vladimir putin denies. if proper precautions are taken, not all have i know the innings in may of 2014, 110 million numbers were stolen from target. those numbers were useless because the pin codes work encrypted and the banks immediately closed all the cover must attacks. -- also compromised attacks. cybersecurity is at the worst and best it has ever been. the size, scope and frequencies of attacks is skyrocketing, but the safeguards protecting individuals and corporations are always being improved. the massive 2014 hack of jpmorgan did not result in financial losses for customers. they were covered by consumer protection law. but it did inspire jpmorgan to build a vast cyber security operations

that number has been rising thanks to adobe go to views and car crashes involving drivers distractedbile owns. that's according to the national safety council. the group says the death toll rose more than 7% in 2015. deadlyllout from that fire in the u.k. the british government has called for a major investigation. 95 buildings failed safety tests. a new survey says america's image overseas has plummeted since president trump took office. according to the research center, 22% of those surveyed have confidence in the president to do the right thing. that compares with 64% at the end of barack obama's presidency. day innews 24 hours a more than 120 countries. this is bloomberg. mark: let's get back to the story we are watching closely. british advertising agency wpp has been hit by this cyber amid hacking attacks in banks, russia and the u.k. -- and the ukraine. hackers have planted a virus that locks computers. than 80 companies in russia and ukraine have been affected. it disables computers and it titles -- it tells users to pay $300 in crypto currency to unlock the computer. the vir

and if you live in or near adobe cinema this dolbe type theater ter has the best sounds.e other day i paid $18 to $20 for it it was incredible. it's worth every penny i gave the movie 5 out of 5 worth seeing this weekend and this is coming from liblingd batman versus superman and man of steel. this is the best of d.c. eu films so far. and by the way no ending credit scene this time when the movie ends it's over. you don't have to sit through credit and patti jenkins directed this first movie since maybe monster first feature film since then. next up different note captain underpants this is new movie starring kevin hart and helms. to me this movie works because it reminded me what it was like to be in fourth grade. it's funny, goofy, potty humor and leading villan in the film ends up being a toilet at this point. it's all in good fun. the idea behind it is you have two fourth grade best friends to hip know ties principal into thinking she actually captain underpants and it's really, really funny and well done. ed helms is hilarious in the movie and i thought he did a grea

some of the more legacy companiesike ibm and adobes well as newer ones like ape and alphabet.onnie: it is going to be fascinated. what would they consider a win today? the president will make remarks and likely say it was a fantastic meeting. what concretely would be a win for the technology company? alex: my sense is they are feeling each other out a little bit and trying to gauge what the temperature is. i do not think there will be any big winners or losers. as kevin mentioned, there are a whole bunch of issues they are discussing. it is involved with how government is run and what projects are funded and what inside the general public gets into government procedure. that is a majority of the discussion. at the very end, there is one point on the agenda -- h-1b. that really does affect a lot of the ways that these companies can do business and attract the best town from places like india come for example. is the only bone of contention that might be discussed today. vonnie: when he changed tack a about the and ask you investigations or lack of investigations surrounding the

adobe systems and fedex out tomorrow oracle wednesday and bed, bath and beyond thursday. >>> wonder womanhe box office as new animated film moves into first place that's been a big story for us i want to get back to the markets. it will be interesting to see as earnings season comes to an end, big focus has been on profit growth will that be enough to sustain markets to the up side, especially after we have seen recent weakness in the nasdaq. big names under pressure. >> the encouraging thing in terms of that, when we have seen a big tech selloff, hasn't driven down the other markets and has been rather temporary. nasdaq was down last week, but is rebounding today. >>> switching focus to aerospace industry paris air show taking flight, annual gathering of executives from all of the major aircraft makers and suppliers from defense spending to innovation to m and a activities. we have an inside look at the health of the industry phil lebeau joins us hi, phil >> reporter: hi, very busy morning in paris let's run-down key points on the commercial side and defense side on the commercial side,

. >> bank of america, back to 23 j.pmorga jpmorgan, 27 >> okay, adobe gets a downgrade after a 30% jumpl of the day. is next. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. well wait. what did you think about her?morrow. it's definitely a new idea, but there's no business track record. well, have you seen her work? no. is it good? good? at cognizant, we're helping today's leading banks make better lending decisions with new sources of data- so, multiply that by her followers, speaking engagements, work experience... credit history. that more accurately assess a business' chances of success. this is a good investment. she's a good investment. get ready, because we're helping leading companies lead with digital. >>> welcome back to halftime

concord police say a man was shot to death on salvio street near adobe street. on the sidewalk. brad jacobson/suspect's father- "(philippe) have you heard from your son? (brad) no, i havent, yes, i did -- he called me. (philippe) what'd he say? (brad) he didn't know nothing. he said he didn't know anything about it and i told him to call the police. (philippe) and, has he? (brad) i don't know." the identity of the victim in the deadly shooting has not been released. philippe djegal, kron (jr stone) police say a man was shot and killed in an officer- involved shooting in antioch last night. the shooting happened around eleven thirty yesterday near manzanita way. the man shot and killed was an antioch resident. the police officer was not injured during the incident. (jr stone) early this morning in san jose -- there was an officer involved shooting it happened in the 1700 block of oakland road two officers were searching for a red mazda because it had sped away from them earlier -- after trying to stop it for reckless driving when the officers found the car -- the

they make all the websites adobe tomorrow, trying to have a big week not unlike february 20th, 24th when4 had a big week. >> crazy anniversaries. >> and irene rosenfeld i cannot wait to talk about food with her and amazon and whole foods. who better to speak to than one of the great people in the industry, irene rosenfeld. my head is still trying to spin from amazon, what they're going to do next. >> what can't you get? that's what you said. >> you can't buy a sports team i know you can't no they're not going to give you a sports team. >> jim, we'll see you tonight "mad money" 6:00 pm. >>> clive thexuswi chicago fed president charles evans. dow is down 22 [ indistinct chatter ] [ intense music playing ] it's here, but it's going by fast. the opportunity of the year is back: the mercedes-benz summer event. get to your dealer today for incredible once-a-season offers, and start firing up those grilles. lease the e300 for $569 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. (upbeat dance music) (dance music abruptly stopping) (dance music starting then stoppi

i can do that to a work day, i can do that to an adobe and auto desk.analysts love to see when one of theirs can make a move they'll come out tomorrow. tomorrow is an important day >> that's a good insight into the mind >> how they work >>ows 3 d iup5. the soup of the day. [ gags ] i love the combination of gummy bears and meat. it's payback time gru. bratt has the girls. [ shouting ] ♪ so bad ♪ so good that i'm so bad... ♪ momma's coming girls. [ minions yelling ] hey. are you okay? [ minion babble ] despicable me 3. rated pg. ♪ >>> time for kram and "stop trading. >> i debated talking about dennis rodman he was in season 8 and 13 of "apprentice. since he was fired so early i thought he would not be the president's representative let's talk about procter & gamble one of the things sure happy with ge which means they finally have the ability to issue the white paper, and take a shot at proctor. i can't believe you can get a chance to buy procter with a 3% yield. it doesn't fit in with the micron and bank of america crowd but if you want a stock where th

. >>> adobe systems offering upbeat guidance on the cloud based suite. suggesting another "a" should be added to f.a.n.g a british pronunciation almost >> like osso >>> shares of lazy boy rallying after they increased their stock buyback authorization. >>> still to come, big stories breaking overnight, including travis kalanick resigning over a 'sexeholder revolt what nt for the $70 billion company straight ahead perspec at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. >>> good morning following three major stories breaking overnight first uber's ceo travis kalanick is out after share holders stage a revolt. >>> and saudi arabia names a new crown prince in a surprise power shift. >>> and china gets the grown light. msci adding stocks to its listing for the first time it's june 21, 2017, and you're watching "worldwide exchange." ♪ >> good morning. happy summer welcome to "worldwide exchange" on c

concord police say a man was shot to death on salvio street near adobe street. on the sidewalk. brad jacobson/suspect's father- "(philippe) have you heard from your son? (brad) no, i havent, yes, i did -- he called me. (philippe) what'd he say? (brad) he didn't know nothing. he said he didn't know anything about it and i told him to call the police. (philippe) and, has he? (brad) i don't know." the identity of the victim in the deadly shooting has not been released. philippe djegal, kron four news. (jr stone) in east palo alto. one person has diedand three people were injured in a crash. authorities repsonded to a two-vehicle crash yesterday afternoon on university avenue. there police found two people trapped in a severely damaged ford mustang. the driver of the car was pronounced dead at the scene. emergency crews were able to remove the passenger of the carand she was taken to the hospital. two people in the other vehicle involved in the crash were taken to the hospital. there conditions are unknown tonight. university avenue was closed earlier today while cr

ten of the tech leaders are from the bay area including ce oos of google, intel, apple and adobe.hey discussed social issues and looked at ways to update the government's outdated tech systems. >> a conservative estimate has our government's technology spending at over $80 billion a year. annually. over two-thirds of these costs are spent maintaining legacy systems. this structure is unsustainable. >> one more note on this facebook ceo mark zuckerberg and coo sheryl sandberg were invite bud did not attend. the company says they had a scheduling conflict. >>> voters go to the polls tomorrow in a closely watched special election in georgia. it's the most expensive congressional race in history. new figures so that the two candidates have spent more than $50 million. polls show democrat john os of with a two-point lead over republican karen handel. both parties are looking to the results as a signal to the midterm elections next year. >>> carrie fisher's autopsy report reveals she had cotaken, heroin and ecstasy in her system when she died. her sought days she openly struggled with d

. >> we haven't seen this level of investment in business growth in downtown san jose since adobe. >> reporter: the building would bring up to 20,000 jobs, the mayor says it would be twice the size of apple's space ship campus. >> i have learned long ago not to get too giddy about plans and proposals. >> reporter: san jose lost a long battle to bring baseball to the same area when the plans to build a stadium for the oakland a's fell apart. this time it appears the mayor believes this project is more promising. >> the good news is we don't have to go to had u.s. supreme court to get the right for google to move here. >> reporter: again, this is just the beginning of this project. in a couple of weeks the city council will vote on whether to negotiate with google on this plan. live in downtown san jose, maria medina, kpix 5. >> the mayor told us that google will not get any special deals. he says the company will have to pay fair market value for each of the publicly owned parcels, he did not give any specific dollar amounts. >>> a traffic alert in the east bay, a fatal motorcycle acci

david: breaking earnings, adobe systems reported second quarter results shares of the company tradingcord highs after-hours, following a beat on both earnings and revenue. the company reporting more than a 26% jump in revenue. that hits a new record. look at that, up over 3 1/2% after hours. melissa: so as the nation mourning the death of at toe warmbier, many are question auto the united states will hold north korea responsible. john bolton is next with his take. david: georgia voters heading to the polls for a race that could end up having a significant impact on our whole nation. >> republicans are motivated. they do not want someone who lives outside of the district coming in and representing them. they surely don't want nancy pelosi's guy coming in to try to buy this seat. i joined the army in july of '98. our 18 year old was in an accident. when i call usaa it was that voice asking me, "is your daughter ok?" that's where i felt relief. we're the rivera family, and we will be with usaa for life. will you be ready when the ment turns romantic? cialis for daily use treats ed and th

companies are publicly supporting the paris climate agreement including apple, google, "salesforce" and adobethe president is set to make his announcements at noon our time today. if he withdraws, there would be dismantling many of former president obama's policies to reduce climate change. that could take up to three years. >>> thank you so much. time now 6:33. as we take a live look outside, the picture on your left that's a shot of the traffic in san jose and on the right that's the golden gate bridge. you can see hardly see it this morning. there's a lot of fog out there in san francisco. >> it's such a difference with the two shots though, right? >> just on cue it is the first day of june and we do have "june gloom"! which means along the coast we are going to have a lot of people in sweatshirts for the next 30 days and all the way into july. hi, everybody! good morning. let's take a look at this now. it's our view of sfo. we have delays now on some arriving flights 43 minutes. temperatures we are in the 40s now in santa rosa with clear skies there. otherwise, overcast in san jose at 61.

are also publicly supporting the paris climate agreement including apple, google, "salesforce" and adobeump is set to make his big announcement at noon our time. and most people that we have heard from close to the situation say that he will pull the country out of that agreement. >> okay. what happens next? >> reporter: it's the beginning of a long process and a lot of that would mean dismantling many of former president obama's policies to reduce climate change. that would all be led by epa administrator scott pruitt. a full formal withdrawal could take up to three years to execute. >>> james comey is expected to testify before a senate committee as early as next week! it will be the first time we hear directly from the fired fbi director on whether president trump pressured him to end the investigation into the trump campaign's possible ties with russia. over in the house, the intelligence committee says it issue subpoenas for two people and their businesses. >>> multiple agencies are investigating a police shooting that left an officer and suspect with injuries. kpix 5's jessica flor

deflation fears what happen it is oil rallies tomorrow what happens if the market takes stock in fedex or adobe, all which rallied sharply? can we just recognize lower oil prices and lower consumer prices i know, heresy, but true the bonds were a cool task master today we can't ignore them we can't ignore the bonds, right? however, we must not be enslaved by them either tomorrow, bonds can take us in another direction or could be more positive about growth than they let on in this session. they do play it close to the vest so don't ignore the bond market but don't let it be your master. bud in ohio, bud >> caller: boo-yah, ski daddy, thanks for taking my call. yesterday morning, i heard the energy secretary waxing enthusiastic regarding exports of liquefied natural gas it reminded me of an interview you had in february. but since that time, the new company has fallen from $15 to about $10. >> yeah. >> caller: is this a good time -- >> here's the problem. there's a lot of companies in this business now. we've done a lot of work there's just too many coming out of the woodwork wanting to do this