among those making the pledge, and ibm. our correspondent joins us now.ake it away. >> take you for joining me. he isoined by j ireland, the ceo of ge in africa. ge.llion is coming from walk us through that. is 2.4 billion, actually. over the next two years. it will be across a number of different countries and areas. localization, capacity building, skills building, and investment in facilities. it is a combination of some manufacturing assembly facilities that we will see in algeria, nigeria, angola, south africa. innovation center in south africa. skills building and localization work in mozambique. ethiopia, some local assembly. growth in one.e it will be broad-based. >> what is remarkable is you told me you are going to take across the map and hit almost every region. you have a good sense of africa-wide growth. i know it is hard to talk about africa as one single unit. it are recharging about 4% growth? 5% growth? >> if you -- exclude south africa, it is five for-five and a half total. the growth is tremendous. .5%. 5.5 total -- 5 or we have jobs in

among those making the pledge -- ge and ibm. rnational correspondent hans nichols is there and joins us live. take it away. >> thanks so much for having me. i am joined by the ceo of ge in africa. thank you so much for joining us. we just heard $14 billion in new deals. walk us through that. where is it going to be? >> it's going to be $2.4 billion over the next few years. it's going to be across a number of different countries and a number of different areas. focused on localization, capacity building, skills building as well as investment and facilities for us. it's a combination of some manufacturing assembly facilities that we will see in algeria, nigeria, angola, south , a customer innovation center in south africa, some skills building and localization work in mozambique. ethiopia will be doing some local assembly. then continued growth in ghana, cÔte d'ivoire, francophone africa, so it will be a pretty broad-based investment. >> you are basically taking across the map and almost hit every region. you have a good sense, the

consumer discretionary stocks like amazon, elle, cerner, celgene and per go and sandisk and ibm.hey have all returned on average 4% or more for the month. turner returning the most. headed into this fall season, experts are again setting sights on these sectors. >> the industries we like going into the fall would be cyclicals. and those would include health care, tech, energies, energy and industrials. those are really what we're focused on. stocks that do well in a growing economy with low inflation, which is what we're in. >> reporter: september has historically been the worst for stocks, a down month for many of the past 50 years. but market strategists note that hasn't been the case post crisis. thanks largely to fed policy and the effects that's had on the bond market. >> we're a bit cautious going into the fall, because the fall is definitely a difficult time for the stock market. and you know, we haven't had a 10% correction in about three years. so if we get a selloff in the fall, you know, we wouldn't be surprised and it may actually be healthy in the long term. >> repor

we're about to begin the heads of coca-cola and ibm driving hedge fund managers to talk about what they need to set up business on the african continent. whose and rice moderates the discussion of infrastructure needs and the conference wrought -- brought together nearly 50 heads of state to discuss business opportunities with the united states. >> 42% of the population now having access to banking services. these also require a lot of innovation and robert, and product that is appropriate to that sector of the population. the size of the transactions has thee appropriate to requirement of the population. [applause] >> thank you. during the financial crisis, many of the banks in the rich countries had problems. the african sector was expected to follow but did not happen. what do you have to say to individuals and turns of the solidity and the regulation of the banking sector? >> thank you. are more solid than 2007, 2008, 2009. of the framework on the african continent, we saw the central banks being able to impact and the effects fairly well. the individual banks continued to perform w

business from the private sector. 14 billion of that from companies like coca-cola, general at your, and ibm, all investing in construction, green energy, banking information technology projects across africa. $7 billion in government spending to grow u.s. exports in africa and the remaining $12 billion of private and public sector partnerships to expand power access and power generation. the president saying that we need to boost aid with the entire continent. >> we have to do better. we have to do much better. i want africans by more american products from i want americans to buy more african products. lou: we have to do better. that is what he lectured. this week's summit should have happened a lot sooner in the minds of many. africa's trade with the united states lasser amounted to $60 billion compared with more than 200 billion with the european union and 170 billion with china. we are coming right back. once holding facilities, some of the shelters are closing. but where are the children? congressmen jim brayton sign on the border lou: a second american aid worker infected with ebola t

and it's made with ibm. >> stephen: welcome back, everybody, thank you so much. s, folks, my vacation was just fan tas tk. and one of the great things about being on vacation is spending more time with the wife and kid, i especially look forward to my family's weekly game night. because nothing is better than a round of clue to take everyone's mine off that-- take everyone's mind off that candlestick murder that happened in our conserve tore. but i recently learned something disturbing about one of our classic games. >> for its first time in nearly a decade 5,000 new words will appear in the new edition of scrabble's official dictionary including words like hashtag, selfie, buzzkill and broman's. >> that's right, hasbro add nud scrabble words and i'm sorry, but this ends our hasbro-mance because this assault on our traditional scrabble vocabulary makes me mad, no, change that to-- (cheers and applause) folks, this is nothing but a cheap attempt by the lexi conartists over at hasbro to pander to the young lings out there. at robin pollock daniel champion of the scr

. >> 1% revenue growth compared to cisco and ibm. ill a positive. >> and i say one thing hanging over hp, that company will get split up, too? >> announced that. didn't rule it out, said not now. certainly a -- >> referring to with the -- >> could be on the table again. >>> next up, a tess flight for an somme drones. according to the economic times of india the company will test delivery drones in india as soon as october. ceo jeff bezos announced plans for drone delivery back in december but hit a roadblock during testing because commercial drone use is illegal in the u.s. when we saw this "60 minutes" report about the coming age of the drone delivery program, it seemed like it was years away, dennis. are you surprised to see this rolled out? in the country? >> i love this story. we're going to go to india. no rules. set the drones out and get packages out there. i do think they're a little ahead of themselves. doing it in india has all sorts of problems. i don't think it's really going to be feasible over the next few years. ahead o

we give that to you and you are happy before you become unhappy. >> talking about hewlett-packard and ibms discussion started about the future of tibco, why is big tech so cheap? >> the non-social media type company. >> why is it so inexpensively priced? >> i think that is not something that should be the case. i think there is a lot of friends the right now are rampant -- a lot of frenzy right now about companies that lose largest sums of money. they have good cash flow but don't seem to be viewed as the sexy investments. but i do believe that there is an argument to be made that many of the older companies will get replaced. so there is some justification for that line of thinking. >> a lot of activist investors have looked at the zoltek companies, think -- at these old tech company's and thinking there is opportunity there. one said it wanted to actively engage tibco's board in dialogue. can you give us an update on that? >> not really. if you have a profitable company that is basically well run, you can be a target of activists. if you lose large amounts of money and has racy multiple

oracle and ibm among other large caps. >> seema, thanks a lot. morgan brennan has that angle. >> the u.s. dollar slipping slightly today verse the yen and euro after the lack of wage inflation looking at the dollar index. that's down about 81, three down, about 0.15%. crude oil is dropping. we're keeping an eye on that as well. brent is down about 1015. wti around 97 bucks a bearing, down more than 9% from the june peak that we saw. when bright spot for consumers, gas prices are done near a four-year low. that could keep going with the crude oil trending lower. >> morgan brennan, thank you. >>> of course today's jobs report. steve liesman is here, breaking it down all day. >> i can give you tons of numbers. just four. first one, 209, the number of jobs sixth month above 200. next number unemployment rate 6.2, up, why do we care about that shall shows still slack in the is jobs market. this is what yellen told us could happen. wages up just 2%. shows you there's not an incredibly tight job market. if it were you would have stronger wage gains. and

i think longer term the health kit, and ibm relationship should yield better units. the simple take away is that numbers should be inching up as we get into on the 15. >> as you are hearing more about what is in the product pipeline, isknow tim cook has said it the greatest pipeline in 25 years. another apple executive says that. do you believe that? now that you have some clues about what is coming. >> we have thought a lot about that. we have gone back and pieced together all the things we are talking about. box forre checking the the greatest roadmap or the greatest product releases, i think this is going to be close to it. as far as the things that are going to happen, it is the biggest in the last 25 years. as far as the actual impact to the model, that is debatable. obviously, the iphone transformed the company, and all these combined will not transform apple like the iphone did. the quantity of announcements, i think they are spot on. if you look at the substance of it, it is definitely a positive, but not to the same magnitude as the iphone. >> how confident

example, the coca-cola company said that it will invest $5 billion with african bottle ling partners, and ibm will send $2 billion into the region over the next seven years, and president obama is committed to investing $33 billion in africa. one of the issues hanging over the simultaneous summit is the ebola outbreak. two missionaries are in atlanta being treated for the disease, the first americans to be treated in the united states. there's no cure for the virus, and doctors are giving the pair experimental treatments. our technology correspondent t. jake ward joins us now, and jake, there has been a lot of information, and possibly some misinformation on what these drugs are that these two doctors treated in atlanta are being ditch given, and what can you tell us? >> it's an interesting issue. because ali, on the other hand, ebola could be an easy thing to cure. it was discovered in 1976. but only 3,000 people have been infected by it in the four decades that we have known about it, and those are people living in the poorest countries of the world. it's not a target market for a pharmaceu

china already causing some headaches for the apple and ibm alliance. the chinese government has banned apple products with outlook money due to security concerns. that means the apps ibm is building for apple products may be a tough sell to chinese companies. --our lead story of the day how safe is your data online? that question once again front and center after a report that a group of russian hackers stole 1.2 ilya and unique username and password combinations and more than 500 million e-mail addresses. the stolensays information was collected from --e than 400 20,000 websites 420,000 websites. the did not name the affected websites but they are said to include some household names. cory johnson is with us as is the vice president of strategy at shape security. it sounds very bad. how serious is it and how worried should we be? >> it is very difficult to know without having examined the data set. that has not been made public and i think we will probably learn more in the course of the next few days as more details are revealed. but it is on a much

they just keep getting smaller and smaller features, and now we're looking at 3d gates and transistors. ibm announced a new type of circuitry, getting down to seven nanometers. we are leaving silicon, three and five on the periodic table, every time you think they can't keep going, the laws of physics will get in the way they pull another rabbit out of their hat. >> host: people are starting -- chips unbecoming come monetized. many of you in the audience know firsthand intel stock is at its highest level in 12 years so that is wall street coming around and saying oh yes, this is important to everything else that is going around out there. >> guest: intel screwed up five years ago. days did when they should have zagged. it is easy to say they made a dumb decision, but the whole point of being in shell is you take a bit risky decisions and the genius of intel is not the fact that they don't make mistakes. i gave a speech at intel where i concluded intel made more mistakes than any company in history. but intel's ability to recover from mistakes is there genius and everytime intel was on the c

we now have 14 billion sensors out there now and ibm says in 2,050,000,000,000 systems and by 2030 perhaps 100 trillion sensors connecting everything with everyone. i know later on we talk about data security so it's exhilarating and frightening at the same time. there's a lot of possibilities and challenges that was interesting from the opportunity perspective millions of prosumers can now do with physical things they can do with information things. they can expand the internet of things in the years ahead and mind that big data coming to run their own multiples with their own apps and with the data coming through the system they can use analytics and craig their own algorithms like google and facebook and dramatically increase their own productivity reduce marginal costs and produce their own energy in their 3-d printed products just like they now have reduce marginal cost of information goods on the traditional internet. it's a tremendous shift in the economy. >> you have used the term prosumer. >> guest: 25 or 30 years and now it has come into practice. that's that's consumers only say

companies, companies such as coca-cola and general electric and ibm, mastercard. whole range of u.s. companies, small, medium, and large, who have confidence in africa and view it as an opportunity to invest. i think, joy, this is one of the main messages from the conference, that no longer look at africa simply as a continent in need of foreign aid or where precious materials are extracted and taken somewhere else. we want to send the strong message that the continent of africa is one that is ripe for investment. the indications that we have from the $14 billion coming from u.s. companies sends a very strong message that that is, in fact, correct. >> how much does it complicate efforts to send just exactly the message that you have just described to american businesses when you still do have issues like governance and human rights, terrorism, and of course now this deadly ebola outbreak in west africa? how much does that complicate your message? >> well, any time a company is trying to decide whether or not to make an investment, they look at all of the risks and

. >> jim, there's been some fleeing to the old tech names like microsoft and ibm. some of the only fair valued tech stocks, at least some of the cheapest tech stocks in the market, especially when the momentum selloff occurred and especially when there was a flight out of some of these social media names. how much longer do you think that some of those old tech stalwarts will start -- will see inflows? or do you think that that cycle is over? >> i think we're coming to an end, whether it's this month or in six months from now, i think ultimately it's going to come back to growth. and that's the difficulty that those old companies is face is yes, they're low valuations and they return cash to shareholders. there's some virtues about that. but at the end of the day, if you're a tech investor, you really want to own growth stories. and those companies just don't have the growth stories. you look at companies like amazon, for example, which has been out of favor but coming into the back half of the year with the holiday, it's companies like that that have been these re

and it's made with ibm. nobody ever stomped their foot and asked for less.'s a reason it's called an "all you can eat" buffet... and not a "have just a little" buffet. because what we all really want is more. that's why verizon is giving you even more. now, for a limited time, get more data! 1 gb of bonus data every month with every new smartphone or upgrade. our best ever pricing with the more everything plan and 50% off all new smartphones. like the htc one m8 for windows or android. built to inspire envy. come get your more with verizon. new all-you-can-eat be the fcrosscut ribspplebee's and discover their tender bone-in flavor. just don't be the last to try them and their three irresistible sauces. i'm serious. do not be the last person. new crosscut ribs are now all-you-can-eat for a limited time. only at applebee's. and come in late night for half-price apps. stuart! stuart! stuart! stuart! ♪ check it out. this my account thing. we can tweet directly toa comcast expert for help. or we can select a time for them to call us back. the future, right? ♪ thi

again, adam, so fascinating to see, again, what technology can bring to sports fans and every single year, 25 years ibm gets better and better from a tech perspective. coming up, we're going to be talking to bill mca tee, joining me in the next hour. adam: i have friends who have said don't call me this week, don't call me next week, i'm going to be watching what they dvr, the open. thank you very much, cheryl casone. back in the markets, it's been a high-scoring day for investors. the s&p 500 crossed over the 2,000 level milestone, and as we head into the close, the s&p right now is just below that. we might still close above it. our next guest says the key to the investment strategy is focusing on companies that will not get hurt once the federal reserve raises interest rates. joining us is mark sellman, alpine funds portfolio manager. thank you very much. haven't they already priced in the fact that interest rates, 2015, are going to start going up? >> to a degree, i any certain stocks -- i think certain stocks have. but i don't think that's the case for many of them. when i look at stocks that will

companies will invest $14 billion in africa and among those making the pledge is ge and ibm. you heard from steve swartz and in. -- steve schwarzman. is the number one party school based on a survey of students and syracuse says it is disappointed and does not want to be known that way. the top school on the stone cold sober list is brigham young university in utah. -africa on the u.s. business forum. hans nichols is there with africa's richest man who made his $25 billion fortune in cement and commodities. he is standing by. morning, thank you very much for joining us. new 5 billion dollar investment teaming up with steve schwarzman and blackstone, what will you do with it? how quickly are you going to exit? be in theing to sub-saharan average in countries , nigeria, tobu, tanzania ,ghana and the likes of them. we are going to invest this money in terms of a generation of power and transmission of power and distribution of power, infrastructure in terms of gas pipelines to make sure we unleash the opportunities. at the gapok especially in power generation, africa is enormous.

can sense its surroundings and multitask ibmchips will be available but claims that technology could transform the processor industry those are the top corporate .eadlines if you are looking for "melissa sent," you cannot. it worries a lot of people. maleficent," you cannot. it worries a lot of people. done is -- itave is important to know that amazon offers trials in pre-order for its online streaming service. what it is blocking is the pre-orders for dvds. we've seen that happen with captain america. transcendence on the lego movie. the point of all this is the hefty position they are in to demand better pricing from its vendors. disneye analyst says cannot cut off amazon but amazon can cut off disney. that is the reality. they have built this, whatever you want to call it, this ecosystem. >> it is not just the movie industry. the film studios, i have been hearing complaints from publishing houses, that they need to go through amazon. if they don't, they are not going to sell books and it puts pressure on them. >> it has allow

more energy efficient and could help computers since their surroundings and multitask. ibmid when the chips will be available but claims the technology could transform the processor industry. the online security firm fire i has released what it calls matlab -- an advanced threat report on cyber warfare in the asia pacific. it is countries in this region are 50% more likely to be targeted by cyberattacks than anywhere else in the world. let's take a closer look at this and speak with the security research director. thank you for joining us. let's talk about cyber security here in asia. when we think about it, we think of the u.s. alleging that five ,ilitary officials in china hacking u.s. firms -- that is what we know about it, but under the surface, what else is happening? >> it is my pleasure to be here. >>thank you for having me. from a lot of indicators we've seen, we know by now that several attacks is a problem for everyone. not attackst is coming from any single country but attacks pretty much coming from all over the world. as you have mentioned, in our recent resear

and directv. berkshire reported higher stakes in gm, ibm, verizon and walmart and lower stakes in conco philips anderty media. many people follow buffett, don't they? anyway, those are the shares they were performing here in the last session. >>> carl icahn taking a more than 6% stake in the second quarter. a filing showed that he -- they beat him to the punch. apple has been one of its biggest holdings. liam cooperman took a stake of 1.3 million shares. apple and gannett both on screen for you now. >>> next, we head out to beijing for the latest as alibaba discovers suspicious accounting. we will hear pore about the details there. >>> stay with us. you're watching "worldwide exchange." hello, everybody. and that became our passion. to always build something better, airplanes that fly cleaner and farther on less fuel. that redefine comfort and connect the world like never before. after all, you can't turn dreams into airplanes unless your passion for innovation is nonstop. ♪ >>> hello, everybody. welcome back. i'm louisa bojesen. these are your headlines. coca-cola looking to jolt its earnings as i

will give the chinese company a bigger slice will of the -- slice of the global computing market and allow ibmfocus on areas that include the cloud. those are the top corporate stories and headlines this monday morning. i'm john dawson. maine -- the main chinese stock benchmark rose to an eight-month high last week. week was speculation that economic data would push the central bank to step in. bad news was good news? >> yeah. >> but is it good news? >> you look at different markets around the world. they tend to interpret news from the central bank differently. if you look at the rate cut, ok, good times are coming, there is more money. lookina's case, how they at these rate cuts -- 7 2, 3, 4, 5, 6, and 7 -- rate cuts since 2000 and eight. -- since 2008. it usually was a signal that the economy was not doing well. >> in the u.s. and anywhere else, rate cuts would be -- you see the opposite reaction. >> slowing borrowing costs. >> they are seeing this as a signal of something else. that i'mve to consider a yes, we are up to an eight-month high into last week. we are up to an eight-month high i

and manufacturing. there is a relationship with ibm and apple which said they will come out with 100 different applicationsorking in combination and could be some things that could come from that integration. right now the simple answer is we do not fully know but clearly benefits to bigger screens in will be filling that gap. does this means for gross margins? >> it is probably negative in the ipad case. >> they tend to have lower gross margins as a starting point. 25% versus 50%. the slightlybably negative for overall gross margins. 20% exact amount would be gross margin versus 25 for an existing ipad. >> we have seen apple start with only one screen size with the iphone. only one screen size for the ipad. we will see larger phones in just a couple of weeks. do you see a future where you really see a family of devices rather than sticking with just a few? >> absolutely. we were at a time where miniaturization was the big thing. out, peopleone came wanted bigger phones. what we have noticed in the survey work is pete all are passionate about the screen size. i would liken it to a preference in music. wron

you put home and health kit along with what is happening with the ibm announcement for enterprise and you start to see how this company can create new uses of technology. i think they are doing all the right stuff. i think investors will be satisfied with the updates to the iphone along with the watch in the near-term. i think longer term, those health kit and home kit ibm relationships should yield better units. i think the simple take away is that numbers should be inching up as we get into 2015. >> as we are hearing more about what is in the product pipeline, we know tim cook has said it is incredible pipeline. it is the greatest pipeline in 25 years. another apple executives said that. do you believe it now that you have some clues about what is coming? >> we have thought a lot about that. we have gone back and piece together all the things that we are talking about. i think if you go and check for the greatest roadmap or greatest product releases come i think this is going to be close to it. as far as the number of things that will happen, it will be the biggest they have had in

led by capitalist evangelist , and ibm. i am an 01% to 5 at the bond, but working hard every day to get toward the top. i am and as toby and always will be. no matter what happens and how much money and make our will always be the son of a butcher and a grandson of a butcher and a second-generation american. i think like middle-class sons of bitches and butchers i am also the founder of the rp, americans against russian politicians. i think that is probably my proudest title. i am a whole school dad, a maverick. a maverick and a contrarian. someone who realized that you have to have an alternative way to educate your children to know whether charter school, private school, school, a catholic school, parochial school, whenever it may be. try something different. my family, my wife and i decided to do homeschooling. i might have the best story in the history of america. my daughter is 22 years old, graduated one month ago magna cum laude from harvard university. she attended oxford -- [applause] >> thank you. she attended oxfo

and it's made with ibm. >>> welcome back. u.s. uity futures suggest that we would have an open higher. the nasdaq would open higher by 17 after a stronger week last week. >>> tropical storm cristobal is drenching the bahamas and could turn into a hurricane over the next few days. this is the third named storm of the hurricane atlantic season. joe? you okay there? >> something went down the wrong pipe right before that. i'm excited. where are you on boardwalk empire? >> i need to get up-to-date first. >> your thing went to showtime, your big deal, but why are you still friends with -- >> hbo. >> too big to fail. >> they are too big to fail. >> if people don't know, we are going to have lunch together, maybe hang out together and workout together. >> i didn't know about working out. we are going to the gym? >> yes. then we are going to get ready together and then go to the boardwalk empire. >> premier? >> yeah. >> wow, snazzy. >> maybe we'll do the show from new york the next day. >> you have the whole schedule. >> is that cool with

people 1 dowd and ibm in ethopia, training people on how to do this stuff in the schools and these partnershipels. this is for africa by africans. going local as fast as you can means reverse training. i think the great american model and the great american enterprise figured it out by bringing value chains and actually creating jobs. advanced manufacturing in a way destroys jobs. you can't do what que used to do. that is not enough. you have to really figure your way through advanced economy development learning lessons like how do i complete an aviation chain. there is say whole supply chain they have been able to build with. this is really -- we call if an advanced manufacturing plan. we worked with governments to do that. that partnership model, working with schools is the only way forward. i know africa can generation skip if it does this faster than the learning curve of previous countries. >> just to follow up on that, i torilize. ot to ed one of the opportunities the african business leaders have here is to add the value of their own natural resources before they leave the country, bef

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and keep unforced errors under 10%. on the ibmllion data points from 8 years of competition to uncover key insights. data can help show you how to win, no matter what business you're in. today there's a new way to work. and it's made with ibm. not sure, but it what looks awesome. ♪ we heat the room to 110 degrees. huh? she's fine. on your right! what did you get? no clue, but it's jacked with protein. wow in a world filled with fads, it's nice to get back to basics. seriously dude? meat, cheese and nuts? seriously. new p3 portable protein pack from oscar mayer with 13g of serious protein. it's p3, it's oscar mayer. >> jon: welcome back. my guest tonight, a comedian. his new book is called "the todd glass situation: a bunch of lies about my personal life and a bunch of true stories about my career in stand-up comedy." please welcome the very funny todd glass. young man. >> you like the way i walk out? >> look at this. >> nice to see you, sir. >> jon: nice to see you, sir, well well done. thank you for joining us. the todd glass sit

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and it's made with ibm. [ dog barks ] ♪ [ male announcer ] imagine the cars we drive... respond so intelligently and so quickly, they can help protect us from a world of unseen danger. it's the stuff of science fiction... minus the fiction. and it is mercedes-benz... today. see your authorized dealer for exceptional offers through mercedes-benz financial services. see your authorized dealer for exceptional offers 'til labor day you doto reward yourself.t get a queen size serta mattress and box spring set for just $397. not to labor the point, but this sale ends monday. ♪ mattress discounters that's why i always choose the fastest intern.r slow. the fastest printer. the fastest lunch. turkey club. the fastest pencil sharpener. the fastest elevator. the fastest speed dial. the fastest office plant. so why wouldn't i choose the fastest wifi? i would. switch to comcast business internet and get the fastest wifi included. comcast business. built for business. >>> looking for a plumber? maybe someone to paint your living room or photograph your wedding? turns out this startup

and it's made with ibm. >>> broadcast and cable two areas of media that shined last night.etflix got snubbed. we break down the winners and losers and tell you what it means for your media investments. >> are you willing to pay a baggage carrying fee or a gym fee? >> take it >> a special report on how hotels are taking a page right out of the airlines' playbook. >> plus it's football season. and while fast casual restaurants have been knocked around, buffalo wild wings is scoring with investors. >> touchdown! >> we're going to speak the company's ceo as the final hour of "squawk box" begins right now. >> what is? >> it's empowering -- >> welcome back to "squawk box" here on cnbc first in business worldwide. >> you don't want to know. >> i'm joe kernen along with andrew ross sorkin and michelle caruso-cabrera. while breaking bad was the big winner it was an emotional night at the emmys. billy crystal paying a simple and heartfelt tribute to the late comedian and actor. >> well as genius as he was onstage, he was the greatest friend you could ever imagine. supportive, protect

we've seen companies dominate like ibm and microsoft and didn't continue that way. what about google? >> i think google has as good a chance as anybody else. it's tough for a tech analysts and portfolio manager like me. i've been doing this almost exclusively since the late '80s to say they will never slow down. i think they do have runway for that 15 to 20% top and bottom line growth for several years. now the interesting thing about this company unlike some of the tech tigtans of the '80s and '9s it's reinvented itself. i feel strong about the vision and execution and i think they will do well for the foreseeable future. >> so you own the stock. i assume you would add to the stock, your holdings at these prices. which shares would you buy, a's or b's? >> the share class goo gl that is most friendly. so not too the long ago, earlier this month traded 570. that's an interesting place to nibble and the best place to buy more is where it's shown great support to the 200-day moving average and that's 564. >> real quickly, do you think google will ever pay a dividend? >

oil stocks have been weak all month, exxon and chevron were both down roughly 2% today and another dow component, ibm has been down five out of the last six days, down 1.3% today and financials have faired poorly. jp and goldman sachs, a rough start to august, traditionally one of the weaker months of the year. for "nightly business report", i'm bob pissoni at the new york stock exchange. >>> ways to protect your portfolio in a volatile system. >> tyler named the stuff troubling the market but you think it comes down more to the fed. >> yeah, i think if you start this period when the market is arguably over valued and i think common sense suggests that's the case. 30% move up last year, 8% move up this year. you got to get a correction. obviously, there needs to be an excuse for that. the excuse for that, more than just an excuse is the perception that the federal reserve is probably going to move up the timeline on when to raise short-term interest rates and that is going to aggravate conditions. you know, we started this period thinking the market is pricey or over valued, add that to the equation

and if you're thinking maybe you can mimic buffett's success, the latest stocks in buffett's portfolio include ibm, verizon and visa. >>> twitter is reviewing policies of arobin williams' daughter was cyberbullied on the network. zelda williams says she's abandoning twitter and other social immediate accounts after disturbing images and attacks were posted her in the wake of her father's suicide. >>> at the weekend box office fans of old action heroes can check out "the expendables 3" starring sylvester stallone and way too many others to name here "the giver" based on a children's novel is also opening this weekend starring meryl streep and jeff bridges but "teenage mutant ninja turtles" expected to remain one. >>> a new record for the most expensive car sold at auction. red 1962 ferrari sold last night for more than $38 million. it's believed to be 1 of only 39 made despite once being in a crash. the 250 gto behrly net that fell short of expectations and sited to go for as much as 75 million. >>> slightly less expensive, this $100 ice cream sundae you can get here in new york. it's called the ki

and it's made with ibm. the summer that summers from here on will be compared to. d. find it for less and we'll match it and give you $50 toward your next trip. expedia. find yours. thlook what i got.p. oh my froot loops! [sniffs] let's do this? get up! get up! get up! get up! loop me! bring back the awesome... yeah! yeah! yeah! with the great taste of kellogg's froot loops. follow your nose! >> stephen: s this's it for the report. before we g i just want to wish a big warm welcome to the newest member of the colbert nation eva jean-marco, brand-new daughter of colbert report graphics designer bill marco. bill swufern the photo shop wizards who traches reality and digitally enhances it until it is to my liking. what a beautiful family. so congratulations to bill, his wife katie and eva. coy not be happier if i were riding on a flying tiger with kate upton an donald trump. bill, get back to work. good night. (cheers and applause) captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org captioning sponsored by comedy central >> fr

and try to drive those products forward. >> reporter: it's not just cisco in beijing's cross hairs. ibm, microsoft and qualcomm are facing challenges in the chinese market. >> american tech companies are counting on rapid growth in china with an it market there that's expected to reach $111 billion this year, but given how beijing is now acting, that doesn't look like something a lot of companies are going to be able to deliver to investors any time soon. josh lipton, "nightly business report" silicon valley. >>> more now on today's action on wall street. the major averages posted some sizable gains and that's despite a slump in retail stocks. investors were discouraged july retail sales stalled, absolutely no gain. this was the weakest report since january. but that increase speculation that the federal reserve won't be forced to raise rates sooner than anticipated and with risks in the middle east and ukraine quiet, the dow rose 91 points in positive territory for 2014. the nasdaq up nearly 45, a gain of 1% and s&p added 13 points. >> that weakness in retail stocks today came after ma