and the timing. clay done? >>clayton: well, outside the microsoft event from early today, and, boy, it was two different events. you can hear some of the guys screeching away with their microsoft surface. windows 8 is a compelling operating system. the way you interact with it is going to shake things up in the pc market. this device i am holding which is the microsoft surface, and i will bring it back for you to play with is compelling it shifts with microsoft office. if other device does. so many rely on microsoft word and power point presentation and it shifts on this device. apple cannot say that. they do not have access to the high-end level productivity apps that microsoft does. >>neil: do you get a sense, it is a jump to say it is an ipad killer, right? ipad dominates in apple with all devices, this is an area that apple owns, isn't it? >>clayton: it is. they din the category. the term ipad is synonymous with tablets so when kids say they want a tablet they mean they want an ipad for christmas. there is going to be a learning cub. i'm a tech guy and i am standing there trying to play with windows 8 on a

and we're down and microsoft and ge and mcdonald's on the down side. as for the price of oil. up 50 cents, $92 a barrel. that's where we are. new york city transit agent. increased fares and brink tolls and need the money because the pension and health care costs are a problem, according to the come toptroll comptroller. the former lt. governor of new york, he's smiling, you don't think the pay and fare increase will go to paying the lavish pensions, that's the case, isn't it? >> first of all, all the expenses have gone up, the same as have expenses to publish a newspaper or run a television stations and everybody's expenses have gone up and the-- >>, but they're bleeding it dry. >> i would agree that retirement expenses generally are going up a lot faster than revenues. stuart: which means that-- >> the revenue insufficiency problem as well as an expense problem. stuart: we, middle america, we're being squeezed to pay for the-- i'm going to call them lavish pensions for retired government workers. and a lot of us really object to this. you don't? >> that's not true, as a matt

and one analyst says the jury is still out on the latest microsoft software and that will be at 5:45 a.m. eastern time. chipotle's third quarter profits rose 30% as it opened new stores, but results missed forecasts. same store sales came in shy of expectations. the company says the impact of the summer drought is already hitting food costs and it may consider raising menu prices. shares down 13% after hours. >> we've had four days of gains so far for european stocks. just weighted on on the down side this morning around about 6:3. ibex down around 0.8%. but keep our eyes on yields. they continued to decline during the session yesterday. and it's happened today. ten year 5.31%. back to levels we haven't seen really since march last year. ten year italian, 4 pmt 73. 7 1/2 month low for italy. and aid by the 18 billion they raised in those entex liindex l. gilts has risen. and latest numbers on public borrowing today, as well. row tail sales have been stronger than expected show you where we stand on the currency markets, weaker today. dollar-yen still making gains. 79.35. is this the

intel and microsoft. moving off the annual lows, both stocks making ground after getting hammered coming up with earning reports people didn't love, couldn't embrace whether it was outlook or a miss on one level or another. both in the dow and the nasdaq. oil falling $2 today hitting the lowest level in more than three months. look at the most traded oil etf, the united states oil fund at 3.5% loss and higher-than-expected volume. the move puts us on track for the biggest percentage loss in three weeks. a fifth day of consecutive decline. gold down a whole bunch of commodities are down, it is not a great day for the market on many levels. we have traitors at the new york stock exchange, cme group and the nymex. give me something to be excited about. >> we are up 80 points, we made some bounce around 1400 on the s&p looks like support level. most people are covering some shorts and taking a shot at low-priced stocks. since we started hammering the stocks on friday and they things have gotten pretty cheap a

to nominate, log on to abc2news.com/athlete and let us know who should be the next student athlete of the week. get ready for a big announcement from microsoft and apple. >> you'll see the damage jets the two are -- gadgets. >> you expect higher standards from a school administration building. >> back here in the storm center, you're looking at fall no, i'm large at st. vincent. music: guitar, clapping and whistling throughout. multivitamin coming in. on it chief! look alive people! smooth and steady guys. everything on schedule down here? yep, pretty regular. nice job. keep it strong. thanks. onward and upward! vo: launch your day. ...with the multivitamin made with 26 fruits and vegetables plus extra b-vitamins... ...for energy. alive. start feeling it. >>> nissan is recalling 13,000 altimas because of steer being bolts. the bolts could losen and fall out, increasing a chance of a crash. the 2012 and 2013 are affected. so far, no crashes or injuries have been reported. if you do own one of those recalled vehicles, you can take tighten the bolts for free.ill >> it is a big week for silicon valley. microsoft and apple are launching products

apple and microsoft playing a game of point, click and rumble.nveiling tablet devices and pushing each other to new heights in a game of nerds gone wild, i guess. the nerds are winning and people are lining up and buying each of the products. adam, a lesson for washington or too early it tell? >> well, it's a rough comparison to compare two profit making companies with government, but the fact is-- >>. >> neil: take it as a given that's what i do and play along, go ahead. >> and i will, neil. (laughter) >> especially in the case of microsoft, it's really admirable that this company that has been lose for about ten years now keeps coming back and trying again. not just trying again, but trying with a new fresh approach doing a tablet computer. i don't know if they're going to succeed. it looks snazzy and they're putting money behind it and trying to have new, fresh ideas and yes, i think our government, both of our parties could learn from na example. >> and finally come around to our way of thinking here. but, ben stein, do you think that technol

weighing on the dow jones industrials talking about weaker demand and microsoft next week will have a big week as we wait for windows 8 but today you see it down 3% and mcdonald's down 4%. lori: we are digging into mcdonald's with susquehanna analyst rachel rock mama and of. melissa: oil down and fox business contributor phil flynn in the trading pits of the cme. what is at work here? phil: concerns about demand destruction and concerns about the economy with bad data and concerns about europe, really didn't come to an agreement. it will be until the end of the year if they do come to agreement. you also have to look at the ongoing story with the keystone pipeline. the anomaly that took it off line didn't impact supplies and if it is brought back on line by sunday, still on target, it will impact the market a bit meaning it will go down a little bit. you also have china demand and concern that gdp was overstated because if you look at oil demand is down substantially from where it was a year ago. the demand is down 100,000 barrels a day. all that play today putting the sinking feelin

weak earnings reports from big players including google and microsoft drove the markets down. it's still down, down 78 and some change on this monday. >>> price at the gas pump, though, is at its lowest level since early august. the national average for a gallon of regular fell almost 5 cents over the weekend alone to $3.67 a gallon. but here in california, it's higher, $4.43. >>> lance armstrong will be officially removed from the record books today. this comes after the u.s. anti- doping agency released the report unveiling armstrong's drug use cycling governing body made the decision now to strip armstrong of all 7 of his tour de france titles. armstrong is accused of leading a massive doping program for his teams. >>> and with the race for the white house only getting tighter, tonight's debate matters more than ever. voters will get one last chance to watch the presidential candidates battle it outside by side. cbs reporter randall pinkston shows us what we can expect. >>> reporter: president obama and mitt romney take the stage in florida tonight to debate foreign policy.

at q q q which is down 1% with google making 6.3% of this exchange traded fund which is apple and microsoft. the technology edf dropped today and also hold a 6% stake in google so whether everybody else had a good they didn't matter. google brought it down. dave: look at the vix because the volatility index, all of the stuff that has been going on, you go on marketwatch and see stories about a 1987 like crash, 15 is one of the lowest rates. it has gone to the 14 level but is still exceptionally low, the volatility index. perception from the volatility from the vix is smooth sailing despite the fact we have these bumps in the road to mix metaphors. liz: natural gas futures closed sharply lower as traders took profits and forecast milder weather. dave: earnings season is in full swing. we are about to get the results from microsoft and capital one, what a big day. google reporting a surprise earnings miss. we bring the earnings conference call and hopefully larry page will be on it. even if he has a sore throat. that begins in 28 minutes from now. liz: can't wait to hear what happened but wha

it is an attempt by microsoft to catch up with rivals like apple, who have moved most faster into the world of mobile computing and touchscreens. now to seattle in the united states at microsoft headquarters. >> founder bill gates and his successor steve ballmer, and join the staff to celebrate 30 years of charitable giving. for steve ballmer, the next few days are crucial. >> we have three imagine -- have reimagined windows 8. >> the boss knows just what is at stake. >> the launch of windows 8 and windows phone is epic for microsoft. it's right up there with the launch of the ibm pc. it starts us on a new era of computing. >> more than 40,000 people across the seattle area aren't generating big profits from windows and office. over the last 10 years they have not produced anything that has changed the world or make consumers go wow, unlike apple to this week launched another ipad. microsoft believes the surface tablet computer, powered by windows 8, will show it can be even smarter. with the computer industry changing rapidly, this firm needs to move fast to stay in touch. bbc news, seattle. >> we will have a deb

and beethoven. you don't want to spend anytime with the microsoft guys and i know steve. sat next to him at a reunion. but when you read walter isaacson's biography of jobs. he was a man, and everyone wanted to hang with him because he was the coolest man in the room. meanwhile, google is the logical heir to apple. google has all the monetizing momentum you could have on your cell phone and that is why the stock is going higher. the default go to tech name is google. it is the financial equivalent of a judgment over who is cool. google is and microsoft isn't. the gulf is growing, which is why google up here is the one to own. stay with cramer. >> reports after the bell. i tell you i do not comment or recommend stocks on a takeover basis. it is going to send sprint further down. jim, are you abandoning sprint?

microsoft. it's really a new beginning. windows 8 and the windows rt surface products are the biggest, most important launch for microsoft since windows 95. and i think it shows just how much the world has changed over the last couple years. it's a bold, creative, exciting, innovative product. one of the most innovative products microsoft has ever done. but at the same time one of the riskiest. and so i think microsoft has hit a fork in the road and it's going to be very interesting to see how windows 8 and the surface product are received and how well they do in the market. >> i think a lot of people would agree with you in that this is the most daring and innovative product for microsoft. the problem is that a lot of people would say that this day should have come a couple of years ago and that this new beginning should have been launched at a time when tablets were on the cusp of becoming standard fare here for consumers. do you concede that perhaps microsoft, even though this is an innovative product, that perhaps this comes a little

they'll have to rely on windows 8 and microsoft to show that they can compete directly with android, directly with apple and the ipad. here's an example. here's an android tab plet. i brought it with me. you can pop it off. have you a tablet and a keyboard. that's an android tab pllet. in the past we'd consider it a pc because it had a keyboard. you can do work on it. but dell and microsoft's sales are down in pcs. >> what do they need to do? is it a matter of catching up or -- >> totally. it is a matter of catching up but it might be too late. it is a little too high, $499 for the low-end model. you could buy an entry level laptop for that price. they need to come lower and show everybody that they're ready to compete with these $99 products. google's is rumored to dropped down to $99 next week maybe. that's a crazy market whereas in the past you might buy a new laptop for grandma so that you can skype with her. now you don't need to spend hundreds of dollars. you go out, get $100 tablet. grandma's on the other end and that's where the buying is slowing down especially when it comes

. >> zynga is facing more set backs and microsoft ditching the movie theater. >> and. >> good afternoon, dan, arrow lynn. they cut earnings forecast for both the third and full year, they say games are falling in popularity, zynga says some new dwrilt koz be delayed and they expect to bring in $305 million this year and says it expects a net loss in the third quarter in a statement saying quote this continued to be challenging and many performed to plan, as a whole, we did not execute to our sats fiction, end quote. this sent shares plunging and this is the second cuts since july, the latest in a series a set back for the company which has seen stock fall 70% this year. and there is best buy just hiring former expedia president and he will be charged with improving best buy's online sales. the retailer currently only generates about 6% of the sales online this, is after best buy says it must cut prices to compete with amazon and cisco hearing promoted two executives to the role of president, gary moore and robert lloyd among 10 that the ceo said are being considered as a possible succes

add microsoft to the list of technology companies that have reported light revenue and have given guidance that has sort of been underwhelming. we'll keep watching microsoft. certainly looks like technology has been the real loser in this third quarter reportings season. >>> google about to tell the world exactly what went wrong in the wake of the double earnings blunder today. kayla is up next with the latest development. in ten minutes, we'll take you live to the google conference call. stick around. back in a moment. nsh bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. . >>> dow industrial closing fractionally lower today

and the second half of the trading day start right now. >>> they're running towards me here. it is a make-or-break edition of "power lunch." first, microsoft, windows 8 and its new surface tablets rolling out this week. critical test for that struggling tech giant. and its ceo, steve balmer. >>> the third and final presidential debate tonight as a new nbc news poll shows that the race is a dead heat. a make-or-break moment for the candidates with the election just two weeks and a day away. >>> and it is a make-or-break proposition for millions of americans, saving for retirement. we've got $3.5 trillion worth of advice now on how you can catch up if you're a little bit behind. >>> let's check in now first with sue at the nyse. >> hi, ty. stocks beginning the week on a down note. that follows last week's big sell-off. still some fears about corporate profits persisting out there but we are seeing a bit of a rebound in technology which of course was key in last week's sell-off. we'll see whether or not it can maintain its leadership. bob pisani joins me on the floor of the nyse. not unexpected that we would continue to see a little bit of se

do you buy the stock given the sizable selloff and then we'll talk microsoft. >> i don't think so. again the trends are down. i look at that quarter over quarter trend that shows mobile advertisers aren't willing to pay. i don't know where the low is and i don't know that the stock price is telling us that. i'm past today. >> what about microsoft? >> microsoft is a tougher thing, although pc sales disappointed. i don't know anybody should have been surprised by that. but we're looking really towards win 8. win 8 is a huge thing for this company, and, you know, maybe i take a run at microsoft today based on what i think they can deliver. and really this is a consumer release. this is really geared more towards i.t. departments being able to deliver on multiple platforms. so let's see if they get it right. >> sure sound like you have lack of conviction, telling folks to get it on microsoft. this all started earlier in the week with ibm. that was the first real worry sign. what do you do with that stock. a real bellwether a stock that a lot of people have gotten behind. >> i think they

you know, haven't been bad so far, the last few -- you know, the last few days, but suddenly ge and microsoft and mcdonald's and everybody just -- they're getting a little sick feeling about it, can't follow through with anything. liz: listen, intel and ibm were not so great. we have the sandisk ceo today and that stock is really considerably higher. let me get to the chicago mercantile exchange, gary, to see a lot of commodities today because the dollar strengthened against the euro and the yen, but to see gold drop as much as it's dropping is kind of interesting, is it not? >> yeah, it certainly is, and what's probably causing a lot of that is we're looking over to europe. we're trying to see is spain going to take the bait? are they going to take some of the money? also again, we still have greece in the background, hands up, and nobody is really talking about italy right now. again, there's just that uncertainty. the dollar. the euro is holding above that 130 range. so we're seeing the metals pulling down for right now and silver is doing the same. silver is down 80 cents rite now. -- rig

>>> apple ceo tim cook made startling comments about pc sales that should have dell, hp and microsoft shaking in their reboots. i'm going to have those for you and more coming up right after the break. gecko (clearing throat) thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#

google and microsoft out later in the week. >> a lot more as well. let's dig into "closing bell exchange "with jeff, michael of poerlt foal yoe family of funds, our own jeff cox and our own rick santelli. michael, you're looking at uncertain time. you want to stay defensive and stay as diversified as possible because you're not sure what the earnings will produce, is that true? . >> while that's true with equity market, cautiously optimistic with stocks. a lot of liquidity on the sidelines and a general negative sentiment among a broad swath of investors, that's a good point to get into equities and be there for the long term. if corporate earnings fall down, we don't get the right political environment, the wrong forecast in growth stories, then stocks could fall from here. they're very reasonably priced right now. >> jeff, what about the momentum behind this market, do you really want to get in front of this train? we've already had some downdraft on fundamentals last couple of weeks. what do you want to do at this juncture? >> at this point, the mo

and microsoft has something new. and could this be the end of my and microsoft has something new. is be the end of my love affair with my beloved? >>> we're back with tonight's the wheels of progress. seems they haven't been moving much lately. but things are starting to turn around because of business people like you. and regions is here to help. with the experience and service to keep things rolling. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent,

new job numbers and layoffs still at a very high level. desperation for microsoft. troduces windows 8. it's make or break for the one time software king and for its chief, steve ballmer, yes, it's getting very close on the edge. "varney & company" is about to begin. ♪ ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ >> okay. i admit it, maybe i was wrong about the on-line game maker zynga, do you remember this? i say there's a limit to how much longer real people will invest real money in these fake farms, therefore, i expect zynga underlying finances. >> i don't believe that, i believe that zynga is going to crank. stuart: well, zynga contraire toy what i said before is not dead. check the stock, it's up right now. even, even though we put it on death watch yesterday. the stock is indeed cranking, it's not because of phantom farmville pigs though, it's because of real money, on-line gambling and a partnership in the u.k., no on-line gambling deal in the u.s., and the

and some of the semiconductors as well. it doesn't mean the market goes up a lot. it's just the cheapest option they have given fundamentals are bad. >> we have microsoft and texas instrumentsou expecting there? >> microsoft is under the gun right now. i don't think earnings will show anything this quarter. i don't see any surprise from them at all. i think we have to wait to see how well microsoft 8 or windows 8 is received at the end of the week. i think i'm hearing a lot of seminegative things about it. >> all right. thank you, gentlemen. it's a touch and go whether we'll

anyway, forget about the new apple and microsoft gadgets. if you think that is going to do it in the economy, and get people spending again, you might want to think again neil:neil: new numbers showing e to americans are going to be spending much anyhow. they are worried about what is going to happen and what is going to happen after the election. when you're worried, what you do? their health care costs, the ucs waiting for regulation that you see increasing. or just ones that you see coming. we have the energy ceo and katie pavlich. >> people are coming home with a lot of different factors at play. you have obamacare, which doesn't look like it's going to be, we are called, even if mitt romney gets into office, we have people wanting to buy their own health care because their employers are dropping their health care insurance. worried that they are going to lose their jobs, they are putting more money away for the future. we naturally say, by the grace of god, we close up that line. right? >> that's exactly what americans are doing right. i

will it be a game changer and can microsoft seriously take on apple? >>> plus, the most powerful person working to get all sides talking to each other to make a deal about the fiscal cliff. >>> and you have never probably even heard of her. >>> as we head out, with the dow up almost 100 points? here are five stocks with price-to-earnings ratios of less than 20 -- ford, seagate, metlife, dell and xerox on the plus side today. [ male announcer ] zeebox is the free app that makes watching tv even better. if your tv were a hot dog zeebox would be some sort of fancy, french mustard. when they magically unite, people would think, "woah, this two dollar hot dog tastes like a fancy eight dollar hot dog." download zeebox free, and say "woah" every time you watch tv. >>> welcome back to "power lunch." rick santelli here. looking at intraday charts of 10 years, slightly up. considering the huge bounce in equities, many are surprised it is not up higher. where have we been? for several months we're kind of in a range, 1.50 on the bottom, 1.85 on top. mid point, rig

but now we move into a different era of touchscreen mobile computing and microsoft needs to catch an accurate -- catch up. if sheer enthusiasm for his company counts, steve ballmer can make that happen. >> i love this company. yeah! >> he has three imagined windows in windows 8. >> and more than a decade after that, microsoft's boss is still excited. this time, about windows 8. he has decided to bring his company, rather late, into the touch screen age. >> it is an epic of thing for microsoft. it is up there with the top two or three big moment, including windows '95 and the launch of the ibm pc. it starts us on this new era of computing. >> but microsoft has been slow to turn ideas into successful products. bill gates was showing off tablet computers a decade ago, but it was the apple ipad that made money from that idea. but this, the microsoft surfaced in tablet power by windows is designed to show the company moving forward in a mobile world. at the new york launched tonight, steve ballmer was speaking again about windows 8. if consumers do not share his excitement, there could be

and on friday, we'll get the first reading of the third quarter gross domestic product. microsoftasing windows 8 expected to be a radical redesign of the operating system, that's this friday as well. last week we brought my conversation with matt damon and gary white, co-founders of water.org, making clean water accessible to the free world. here's what's new in damon's day job and how he's going behind the candleabra. >> i saw the librace clip. >> it went really well and it will came out in may on hbo. >> you play his lover? >> yes, i've got to wear clothes i never have worn. i've done seven movies with steven and i'm enormously proud. >> he plays lee libberace's companion who filed a suit against the singer in 1982. >> did you have to have love scenes? >> oh, yeah. >> you look great in it. the shots i saw you look great. >> i had good wigs. >> sign this lease and that gives us the right to drill on your land. >> his next project, co-starring and co-writing turn on a film tackling the issue of fracking. >> it speaks to american identity, where are we now? when this incredibly, th

>> kwrksz e3, right. >> i used to do a lot of work with intel and microsoft. and what they would tell me is the innovation would come from smaller and smaller form factors, but now they have chips on a chip. if arm holdings can develop a chip on a chip, so that we have 48-hour battery life. if there is some chip that makes it so that that little form factor is somehow able to create a keyboard that we never thought so older guys like us are not constantly typing things which says minnesota is going to win and it turns out something like eagles are going to win. we're going to love it. it has to do with tinnards. . >> two of best buy's execs are leaving best buy. i don't know. how quickly does the headlines read duck chairs. >> i think when they fire everyone, it's going to be a big quarter, not. i think this is an outloaded company, it's very easy to be in a secular decline. whether it be radio shack, the old lafayette, circuit city. i remember when sharp was running circuit city. when i shop at best buy now, it is absolutely true, you call them, you deal with

the functionality of excel and microsoft word. if you're able to learn the apple ios system and incorporate those two business functions on apple, you're more likely to move completely away from microsoft windows 100% and go solely with apple. i'm inclined to do so. >> all right. you heard it from joe. let's discuss the overall markets right now. it's a whip saw week as investors digest lots of earnings reports coming out. should you be planning on a rally into the year end? should we be betting on a rally to the year end? >> i think the market right now remains tremendously uncertain. stephanie and i were talking before about the fact that the market does not appear that there will be any fundamental catalys catalysts. we are right now at an election standstill. this is an election correction. everyone wants to be long the market. fundamentally it's strong. >> did you hear what david bianca said this morning? it's a good entry point to get into stocks. revenue growth isn't as bad as it seems. we have another guest who's not quite

donnelly fat finger thing, but google did report lousy earnings and lousy sales and microsoft reportedlousy earnings and lousy sales. >> these are companies that are at the very edge of ways to manager -- and when you've got a world that's barely growing at all, the only way companies can survive is with cost cutting. that takes his toll in poor job growth and eventually in poor earnings. we cannot live in a world like we are now. >> and there's a lot of talk about lousy p.c. sales and microsoft folds into that much more than google. but we have had a tremendous rise in tech stocks, dois that ride over? >> i think we're getting near the exhaustion phase of this recovery. the problem with properties now is not that we don't have them, but they're not growing. i would suggest that you change your slogan to the mother's milk of profit growth. year to year process on a year to year basis. they should be up 5%, 6%, 10%. that's a healthy recovery for corporate america. we're getting into the exhaustion phase. and at the tail end, when the fiscal cliff hits, the process of getting to that com

the problem with microsoft is that it is linked to personal computers and they are no longer a personalwhen you buy tech you buy tech for both. now, microsoft has done amazing things. their gaming software is incredible. they cannot be written off. but microsoft suffers from something that is deadly when it comes to the demographic it must open if it is able to stay relevant for the next 25 years. it is not cool. go talk to your kids. talk to people in college. i have never ever heard a kid say i'm stuck with this miserable apple and i want a microsoft operating system. it is so exciting now i can junk my mac. people from our generation don't get this at all. they are too old. they are too old. but as this new generation comes to the floor the intell people will die off. and with them will come microsoft. they are not junking the m axe c for the who little packard. as anyone of middle-aged dismisses the value of cool. here is why that is wrong. steve bomber before bill games was viewed as a suit. steve jobs was viewed as bono. you don't want to spend anytime with the microsoft guys and

they can't come out and say, stick with marriott or stick with microsoft because the fed is easing. they have to deal with what i used to call because i was an art history guy in college, the four walls of the canvas. and they can't go outside of it. they're more rembrandt than they are cessa. >> i'm making i'm sure in the right century. >> good. >> they're not polak necessarily. >> they're saying, what the heck is going on with the earnings? this must have been what it was like to be a realist painter at the time. >> what are you guys doing? >> yeah. like, that's not a painting. and now it's going for $150 million. >> the realist guys are worth like $5 million. that's what the analysts are like. they're realists in a time when the impressionist fires have taken over. it's a spots and dots interpretation. >> i love this. let's keep it going. >> that's a good analogy. >>> shares of facebook have fallen by about 42% since the company went public 4 1/2 months ago. facebook's coo, sheryl sandberg believes her company is worth much more. julia boorstin asked her to respond to the idea tha

much for that update. >>> breakthroughs in cloud technology are not limited to google, amazon and microsoft box is making its play to be the leader in the enterprise storage and data management space. it says it's added 80% of the fortune 500 as clients since it launched seven years ago. jon fortt joins us live with more on what is clearly an innovative company, jon. over to you. >> thank you, simon. here with aaron levy, ceo of box. you did announcements out there. we have seen oracle sales force, others, coming out talking about owning the cloud. you have got your own vision, raised $287 million to do it. what did you announce today? >> so, we announced a brand new technology that allows you to take box, thus take your content and information you have in your business and extend it to a whole bunch of other applications you can work from. so, concur, cornerstone, net suite, jive, a punch of public sass and cloud companies, even oracle fusion, crm, take your content anywhere in those applications. >> given their the provocateur now, taken marc benioff's face, sticking your finger in the ey

. >>> the street keeping a predictably close eye on google and microsoft today after a tough earnings day for that twosome yesterday. before we get to jon fortt to sort it out for us and the downfall of the spiraling, julia boorstin is looking at the achilles heel laid bare in google's earnings report. has anybody figured out mobile? >> it's worth pointing out that despite the fact that the shift in mobile is hurting google's revenue, when it comes to mobile ads, google is making much more money than anyone else. e marketer estimates google will generate $1.4 billion in net mobile ad revenue. that's much more than any of the other rivals. look at that full screen there. google is projected to grow that mobile ad revenue by another $1 billion next year. google is well positioned when it comes to mobile ads because it does 95% of all mobile search. that's a big opportunity. the issue is pricing, because mobile search ads are less valuable. people are less likely to make big purchases, whether it is for an airplane flight or a hotel room, when they're on their smartphones. another good p

and microsoft releases a new tablet and robert scovel is our tech guru. and in china, premier amassed a personal fortune and the chinese government is trying to block what is new york times story. and send your e-mails to varney@foxbusiness.com. the travel website expedia raised profit forecast and the stock is up $7. that's a gain. dekkers, that makes ugg books, lowered, and down nearly 6 bucks, that's a loss. software company ca cut the second time, down a dollar almost 2. sirna is up, and-- cerner, and coin star down. and web based marketing constant contact, down and devry is up. and those are really 7 early hovers. and hurricane sandy headed to land and warning it could cause major damage. could it cancel halloween? we have got the latest forecast after the break. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ]

major tech companies like google, apple and microsoft all have women on their boards. and one high profile female executive, marissa mayer, is back in the office at yahoo! after taking just two weeks for maternity leave. she announced her return on twitter yesterday and wasted no time in making a big splash. she's hired a former google co-worker to be yahoo!'s new coo. decastro is currently vp of partner business solutions. >> i find it amazing, two weeks. >> we had one viewer write into say someone he worked with was back it in the office after a weekend. >> third child is slightly easier. >> is it? >> anyway, meanwhile, so what do you think, should gender be a factor in choosing board members or anything else? i think what we're asking is should there be positive discrimination if one part of the spectrum is underrepresented, should you have positive discrimination to raise the ratios. >> should you interfere with the market, i guess, in that sense. >> that's one of the subjects we're discussing today. worldwide at cnbc, @cnbcwex. in other words, they have put quotas

ibm met expectations but missed on re knew and microsoft missed expectations. >>>mong financial, citi, and goldman came in but revenues fell short. it is a busy important time for your portfolio and the economy. what impact will they have? joining me with answers is ken rogoff, the professor of economics at harvard. wonderful to have you on the program. >> thank you, maria. >> as we get closer to the election, tell us what impact you think either can at this time would have on the economy. i know you are not afill yatd or advising either campaign, yes? >> i'm not. i mean, if they got their vision put in place, then i think they are very different. i have to say my best guest is the congress will resist whichever candidate becomes president and will sort of continue to muddle along. you know, i think broadly president obama puts much more emphasis on reducing inequality and gornor romney puts more emphasis on growth. to tell you we want everything, reduce inequality and improve growth and gernor romney may say something about inequality but it implies slower grow

was sparked, in part, by disappointing earnings from three goliaths of the dow, mcdonald's, ge and microsoft. >>> and last night, right leer on this program, we told you about our reporting on a hidden america, children living in fear in some neighborhoods that have become a war zone. sending a simple message, "don't shoot, i want to grow up." 419 people have already been killed, in a few neighborhoods in chicago, this year alone. and in the 24 hours since our report aired, three more people were shot. so, tonight, join us, on "nightline," for something unprecedented. 38 members of rival gangs, past and present, will come into one room with me so we can ask them, what can be done to make this stop? last night, we showed you a 7-year-old named ralph, who lives in a kind of fortress. >> i really don't go outside, just scared always they going to shoot me or stab me. >> where is that coming from? >> reporter: he is one of the tens of thousands of kids in the neighborhoods in chicago where 100,000 young men are in gangs, young, angry, leaderless, some just 13 years old in world awash with guns.

. >>> and microsoft is also unveiling some products this week as well. microsoft wants consumers to make more use of their xbox 360. they will announce new apps to connect the gaming console to mobile devices like smartphones and tablets. one lets users remotely control their xbox, surf websites, launch video and other content and send it to their tvs. microsoft is officially launching windows 8 on friday along with the new surface tablet. everybody is getting into the tablet business. the thing to watch today on apple, the price. if they price it down there around 200 bucks, game on with amazon's kindle fire. >> to be competitive we should expect something in that range, bertha. we'll talk a little later on. thank you very much. >>> we can also tell you a new survey by the pew research center finds younger americans in their 30s doubt they are financially secure enough to actually retire. this is a major shift from baby boomers expressing the most worry. overall retirement worries rising all across all age groups, but this marks the very first time amer