sales people. >> charlie: nick, you're in redmond, what does this do for steve ballmer? >> it gives him a fighting chance to a market that he said is strategic. they have yahoo!'s marketshare they could go to 30% of shares -- 30% of searches in the u.s. and that's significant. now the question is, does it decline from there? can they increase it? if they do that, how much money do they make o o of it? because of course microsoft is losing money in its internet search business right now. but they just want to gain the share. they say they get eyeballs, search is scale business that they will start to improve the quality of the search. because they can do all sorts of things, make ads more relevant. if they do they they think they can of a flywheel affect and eating in to google's share. the other thing that this let's them do is, gag sell not only strong in search with -6r 5% plus share but google moving in to the other areas that are quite threatening to microsoft. they're using their profits to get in to operating systems, in to online applications, that are free. that

dan fitzpatrick, is this going to be like a john wayne movie with schmidt stalking ballmer, or how do you read it? >> i don't know. it does almost seem personal between the two of them. >> it does. i like a little personality, a little venom, i think that's what you've got here. i don't think the guys like each other. >> no, i think it's a great spectator sport. microsoft is do the bing bling thing, i like it. i'll have to use it again. the biggest thing just as a consumer and as an observer of consumers, i wonder how much concern there's going to be about running all these essential programs over the internet. i mean, when are we just lead off with tonight, you know, a cybercrimes, cyberhacking issue? >> right. >> i just think there's going to be some real consumer resistance and if you put a few bugs in there, i had to take chrome off of my computer. it was making it heavy. i think there's a lot of issues here. >> that's very interesting. that's an interesting point. dave sosowerby, you want to rea, more mischief can from chrome but could be an unintended consequence, david? >> righ

steve ballmer has moved on. there could be some sort of collaboration. here is one from ryan.ramer. what do you think about american electric power? are they a viable play in the green movement? absolutely not, ryan. dominion, letter d, is your green power. it is nuclear power. that's it for cramer. be right back. >> don't miss a second of cramer. you can find "mad money" on itunes and download it for free. take all of cramer's picks, pans and "the lightning round" with you on the go. get "mad money" on itunes today. >>> dedicating this week to the alan mulally. i promise to try to find it for you come monday. i'm jim cramer, see you monday! >>> tonight, nike, a brand so powerful, so dominant, it's known around the world. >> just do it. >> 13,000 products, 16 billion in sales. and some of the most famous faces on the planet. >> it's something that represented my name and what i did to the game of basketball. that has continually transcended over time. >> a company with critics. >> a transnational corporation that exploits people. >> and connoisseurs. >> my favorite pair. >> he

steve ballmer has moved on. there could be some sort of collaboration.re'll be a deal and google will sink or swim based on advertising and selling 19 times earnings which is absurdly cheap. this is ryan, hope it's not ryan from kansas because he'd have a two-fer. >> dominion, your letter d and is your green play. and exelon because of its nuclear power. that's it for e-mail. cramer will be right back. >> don't miss a second of cramer. you can find "mad money" on itunes and download it for free. take all of cramer's picks, pans and the lightning round with you on the go. get "mad money" on itunes today. madmoney.cnbc.com. >>> dedicating this week to the great work of al need, i always like to say there's a bull market somewhere. i promise to try to find it for you right here on "mad money." i'm jim cramer, see you monday! >> now get "mad money" on your mobile phones, top stories, lightning round to go, videos and more. all that plus cnbc's free and real time quotes. go to mm.cnbc.com. for the most important earnings season in years, turn to earnings cent

steve ballmer has moved on. there could be some sort of collaboration.'t think there'll be a deal and google will sink or swim based on advertising and selling 19 times earnings which is absurdly cheap. this is ryan, hope it's not ryan from kansas because heed have a two-fer. >> dominion, your letter d and it is nuclear power. that's it for cramer. be right back. >> don't miss a second of cramer. you can find "mad money" on itunes and download it for free. picks and pans and the "lightening round" with you on the go. for more info go to "mad money."cnbc.com. come on in. you're invited to the chevy open house. where getting a new vehicle is easy. because the price on the tag is the price you pay on remaining '08 and '09 models. you'll find low, straightforward pricing. it's simple. now get an '09 silverado xfe with an epa estimated 21 mpg highway for under 28 thousand after all offers. go to chevy.com/openhouse for more details. click today. >>> dedicating this week to the great work of al need, i always like to say there's a bull market somewhere. i prom

so microsoft ceo steve ballmer comes out, he says investors don't get it, the hookup with microsoft and yahoo is a win-win for both companies.s. what does yahoo do? it goes down another 1 1/2%. it's down about 17 1/2% this week alone. even microsoft is seeing some weakness here in the afternoon trading session, down 1% right now. we've also got the nasdaq biotech index under pressure today. a big reason for that is this. look at the clip that genzyme shares fell off of down now about 8%. when the company revealed midday that the fda wants to come back for another look-see at a key drug manufacturing plant. analysts very bearish on that development. and finally, osi pharmaceutical shares down about 2 1/2% ahead of key data coming out this weekend at a scientific conference on its language cancer pill called tarceva. follow me on twitter at mhuckman. let's go to rebecca at the nymex. >> thank you, mike. it was an incredibly volatile day in the commodities complex. oil peak to trough more than i $4 swik in prices ending on a bullish note 69.45 the settle on the last day of july. and what a

h-o-t-w-i-r-e, hotwire.com >>> microsoft ceo steve ballmer says he expects a competitor to raise anti-trust with yahoo!. he was referring to google although he didn't mention it by name. new york fed president says the economy will grow in the second half of the year but the recovery will be much slower than usual. and a judge is rejected a request by ubs to postpone the tax evasion trial set for monday. ubs's discussions toward a settlement is continuing. that's cnbc.com news now. i'm courtney reagan. >>> live from the financial capital of the world, this is  "squawk on the street." i'm mark haines. here's what the markets are doing. dow down 25. nasdaq down 11 and change. s&p down four and change. all of them, you know, around half of 1%. erin? >> mark, bob pisani and i are looking at the headline that just crossed. gbu, small diameter. what an unusual headline. >> that was good how you read that. >> revenue growth, that's probably one place where it's still happening. >> defense department area. china, big topic today if you know what's happening today? commodities all got hit. take a l

so yesterday microsoft ceo steve ballmer came out in support of yahoo!.y gets it, it's a win-win deal. but so what. yahoo! is down. microsoft just went south a fraction as well. bio chris pharmaceuticals down a fraction. swan doubling the price target to ten bucks on the assumption it could win a government prakt for 400 million bucks to stockpile its experimental food drug for the swine flu. and finally, this morning after earning stories, companies out after the bell yesterday, first solar down 10 1/2%.. drive shift is up 2%. varian semiconductor up 3 1/2%. rebecca, what's going on at the nymex? >> thanks. prices are still to the downside. a loot of folks here pointing to the dow, to equities and saying that oil is taking its marching orders from the dow, from equities. and in particular, peter of hanover says that the thesis goes that if stocks go higher, than eventually, well, we're going to see an improvement in employment numbers and that will lead to improvement in demand.. that is the thesis that continues to pervade these pits. on top of that, th

wednesday, microsoft ceo steve ballmer and windows president told pc makers windows 7 will be rolled out for the general public october 22nd, specifically. a microsoft spokesman says windows 7 will be a lot smoother for viewers than windows vista, just so you know. >>> was race an issue in the arrest of an african-american professor? >>> well, police groups in and around cambridge, massachusetts, respond today to criticism from president obama and a representative for cambridge police, even asked for an apology from the president for saying that police abouted stupidly when they arrested harvard professor henry louis gates at his own home. during a news conference just a short time ago here, all the police groups said they stand behind the arresting officer. that's sergeant james crowley, who you see there, and they say race was not a factor. >> on behalf of the unions and their members, let me assure everyone that the officers of the cambridge police department are committed to the professional and nondiscriminatory enforcement of the law. they respect and embrace the diversity with