maria: stay with us steve ballmer. we have a lot more to discuss on "wall street week." >> announcer: microsoft legend steve ballmer was an industry leader for 30 years. would he do it any different today? >> when i joined we were at $5 million revenue, when i left it was roughly $80 billion. and the wolf huffed and puffed... like you do sometimes, grandpa? well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. so i talked to my doctor. she said... symbicort could help you breathe better, starting within 5 minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. symbicort helps provide significant improvement of your lung function. symbicort is for copd, including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort contains formoterol. medicines like formoterol increase the risk of death from asthma problems. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. yo

. >> and steve ballmer. >> steve ballmer talking about how he is going to hold the government to account>> this is a really substantive time. obviously, a lot of news this morning that is important to silicon valley. we want to have really substantive talks on these issues. the theme, we don't have themes at code but the idea of silicon valley growing up and taking responsibility for some of its creations, we are not. probably not. we wanted to have substantive things beyond what is code. we need to understand that very deeply. >> something about what mark andrewson was saying, even those these are counterintuitive facts that might be true, it didn't feel true, the idea that things aren't changing fast enough. that's the problem and why middle america is so frustrated. people are getting laid off, people out of work, people working part-time who want to be working full-time. tell those people that things aren't changing fast enough. i don't know if they would take that so well. >> i'm an old labor reporter. i never forgot those years. mark andreson is a billionaire sitting there saying t

i wonder whether our homes are more ballmer both. —— 1850s. wonder whether our homes are more ballmeronnected devices. this is the family room at the heart of the castle with the lord of —— whether lord and his family can relax between some thick walls. the king can unwind with a game of chess. in the 13th century, they didn't have the 13th century, they didn't have the internet of things but they still have things. how do we make iot more secure? we keep hearing about these connected devices continually being hacked. why is it so continually being hacked. why is it so hard for manufacturers to make them more secure? it is not hard. it just needs thought, efford and time to do it right. —— effort. they have to do it right. —— effort. they have to get their product to market and somewhere, to get their product to market and somewhere, someone says to get their product to market and somewhere, someone says security. do they carry on chipping orders ship it out and expose us as consumers?” like to think security is getting better. i think it is getting worse at the moment. everyone wants

santelli. >>> some eye opening comments from steve ballmer. in with carl at the code conference when "squawk on the street" returns. what you have released is unlike anything we've ever faced. the ultimate evil. [ sinister laugh ] [ dramatic music ] [ screams ] the mummy. rated pg-13. >>> welcome back to the code conference. last night, kicking off the event, steve ballmer talked about how microsoft allowed other players to encroach on microsoft's dominance. he said in large part it came down to hardware. hardware is really the new expression software in his words we should have build that capability earlier than we ever did. suggesting perhaps that the nokia deal was too little, too late. as many have said. he talked about his life as investor post microsoft and how twitter has cured him of being a more activist investor. take a listen. >> in retirement, you say, what am i going to be now? investor phase. i'm out of that phase for those of you who might be looking for money. i'm not in that phase at all anymore. but when i was in investor pha

i brought in steve ballmer, who was very good at that. and he was helping out.had a since of urgency that we wanted to lead the way. graphics this interface thing with windows that he wanted to do. so, i was super busy, and i get i could hire so quickly, and built this worldwide company, was fascinating to me. but i was really busy. it's some friend had tried to call me, i wouldn't have had too much time for them. i was really into building the company. and i was going out and telling people about the magic of software, which was good for microsoft, but also helping them understand the opportunities and the huge change agent that software and software plus the internet, would become. so, i was having fun. it was amazing. but i always thought, hey, we are one step away from not leading here. we got to keep doing better. david: when you had the famous ibm contract, you won the contract to produce their operating system. why did they let you own it and they had to license it? was that a mistake on their part? bill: yeah, this was before graphics interface when you

our special guest, former microsoft ceo and the current owners of the los angeles clippers steve ballmeris with us. it was asy week. a good week for stocks. wall street betting the moderate candidate will win and preserve the european union. the nasdaq composite crossing

we'll hear from steve ballmer, and a lot more over at code over the next couple of days. in the meantime the dow is down 32. amazon broke through to $1,000 for the first time ever as tech stocks continue to rally in the first six months of the year. bertha coombs with the latest. hi, bertha. >> amazon stocks helped lift the stocks to a new high. they have helped large cap fund managers achieve outperformance to the overall market. they've really sort of caught up in that area. active fund managers are now about 24% overweight in large cap tech. that's the largest overweight they even been since 2008. it doesn't hurt that amazon and fail bet are at all-time highs. facebook has been a little laggard in this group, near 8% gains with other fang members. apple, they don't really touch on, but coming into this month, ubs noticed that most fund managers still had apple at left than marketweighting, and when you take a look at where the institutional ownership is according to the most recent data, you could almost, almost make an argument that institutional ownership of apple an

speaking of ballmer, the company releases its latest results on thursday.the company said it would cut hundreds of corporate jobs in its international technology businesses alive at the sam's club warehouse chain. we will see if we get it for this week. lauren: coming up, does low volatility schedule a correction to -- after a web beacon in the northeast, heating up big time. fox senior meteorologist janice dean will have the forecast. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ lauren: 5:45 a.m. in new york at the cyberattack spread around the globe over the weekend may not be on this monday morning. companies need to report problems as they booted up this morning. a global hunt underway for the hackers on affected businesses, hospitals and government agencies in at least 150 countries. north korea has conducted a successful test launch successful test launched a medium long-range ballistic rocket that can carry a nuclear warhead but officials in japan and south korea say the missile flew higher and for a longer perio

last month ballmer said it will cut hundreds of corporate jobs at its international type knowledge ofsiness is one of the sam's club warehouse chain. the markets without please see a bump after a major selloff. the worst one in eight months yesterday. dow futures continued to trade down. that is 51 points. s&p futures down three in a state teachers to attend. the cole, a look at what is happening now. nicole: all right, lauren. department of justice appoint a special counsel to take over the russian collusion investigation. griff jenkins live in d.c. with every action to demand tact for this job. chris. >> good morning, born in the cold. for more fbi director robert mueller will now lead the investigation by rod rosenstein to investigate alleged russian ties to the trump campaign in battling the 26th election. he said his decision was not a finding that crimes have been committed to require some an independent from the normal chain of command catching the white house with pride with little advance notice. the president issuing a defiant statement where he said that as i've stated many

there was a conspiracy and that ballmer seems to have been supplied by someone else.chard kent from the cobra intelligence script, a former chairman. who was involved, what are your thoughts? the intelligence and security mechanism of this country will be in overdrive. i think it was relatively obvious from the beginning that a sophisticated device like this would be built by someone device like this would be built by someone who could make sure that terrorists would get to the target without being stopped. i think it is highly likely that they believe the network was involved and that is why they have raised the threat level at least as a precaution against that being the case. news is coming into this from frank salman abedi was a mule. somebody they gave the bomb to ina mule. somebody they gave the bomb to in a suitcase perhaps and he carried into the arena. so he was just doing their bidding and a sense. unless he was doing something which she did not know what it was doing what you think is very unlikely. he was clearly a radical terrorist. he has got to have bee

. >> julia, before we let you go i saw a head line cross about steve ballmer being interviewed about ever looked at twitter. i know he's an investor in twitter he said microsoft hadn't. we had michael nathanson on this morning who was very bearish on twitter. thought it was going to be worth half of what it is today. he was also bearish on snapchat. what's the mood on both of those? >> it's interesting because i asked reid hoffman about what he thought about whether or not twitter should sell just like linkedin sold to microsoft. he says there's been a great experience, lots of opportunities there. now as he said i won't comment on twitter specifically but he says it really makes sense for a company like linkedin or perhaps twitter can find a parent company that makes a lot of a of sense. so there was definitely a lot of talk about twitter here yesterday. balmer saying he believes in the company long term. as for snapchat, i asked hoffman about what he thinks of evan spiegel not issuing any voting shares in the snap inc. ipo, it's an expert to see how it turns out. and investors get