i'm carol massar in for pimm fox. book, revenues search 61%.ebook investor is joining us now from new york city. he is a founder of an internet fund that invests in companies. in did by facebook shares 2010. you think what about facebook? toi think facebook continues be a remarkable company in terms of their execution, in terms of their value that they are giving to the user. -- ihing that i focus on was the first person to buy facebook from mark zuckerberg after they launch. i have been following it and i continue to be amazed. they report -- the thing i focus on is their user engagement. beense everybody has saying for years that the user engagement is dropping. i don't care about what people say. i care about the data that facebook releases. if you take a look at their user engagement, and i track user engagement from facebook by looking at their active users. understand the percentage of the users who are now logging on every single day. that continues to go out. it is remarkable. 63% of their total monthly active users log on every single

i'm carol massar in for pimm fox. today's theme is rise -- amazon stock is riding low in the after-hours trade after the company reported its biggest orderly loss since 2012. we will dive into the company's numbers. the real housewives tv franchise takes viewers on a wild ride. we will talk to one of its stars. i will sit down with the professional bull rider ceo. he will tell us about his new deal with cbs. the bmw m3 -- we will see if it can still hang in the sports car jungle. all of that and more over the next 60 minutes. let's check out bloomberg headlines with su keenan. >> two hits and a miss. amazon did indeed post a loss, posting the second quarter loss of 126 million wider than the loss. this comes as revenues climb to $19 billion. amazon stock is falling in the after-hours trade. starbucks reported a profit that exceeded estimates. seeing a change in fiscal third-quarter profit after selling more food in the u.s.. finally, pandora posted second-quarter profit that beat analyst estimates. as it raised its fo

i'm carol massar in for pimm fox.ussia facing new economic sanctions, but not from the united states. added and the eu announced new sanctions in response to russia's failure to de-escalate the crisis. peter cook has the latest will stop it is the canadians turning up the heat now. >> the canadians jumping on board, at least for this idea for tougher sanguine -- tepper -- tougher sanctions. they are targeting specifically ukrainian separatists, both for visa bans and economic sanctions him and they are for the first time imposing sanctions on a number of prominent russian companies, including some companies the u.s. has already targeted. that includes gazprom bank, nova tech, gunmaker kalashnikov, and .he development bank there are others on the canadian list as well. canada is effectively responding to the support and its handling of the malaysian air shootdown. eu officials formally agreeing to extend their sanctions target list. they will release the names officially tomorrow vladimir putin's tight -- of top spy ch

let's go to carol massar.ringn said it is -- and received news about them seconds from publication. terms are not disclose. berkeley saw a dirty second acline -- barclays saw decline. it is official. adidas will take over from nike at the official uniform supplier for the english premier league team manchester united. signed a deal with a 20 time champion. the agreement kicks off next year. >> thank you very much. looking forward to johnson and johnson. --le rid -- lebron's chains lebron james's return is looking to bring half $1 billion to cleveland, the kim kardashian game is expected to add $200 million in sales. that is according to one analyst. the creator of this game is glu mobile. it has seen its shares rise over 50% since the launch last week. niccolo de masi. what is this game? >> a pleasure to be back. we pondered with kim about 12 or 18 months ago to build a game that is tailored around providing her fans with an experience so they can carry in their pockets and be in kim's world. kim is effectivel

let's get headlines from carol massar. >> live has agreed to delay its start in new york city. the car sharing business as it needs to dot the i's and cross the t's. a judge did not issue an order prohibiting the company from starting up its service but it extended the status quo. boeing is said to be nearing a deal for $9.2 billion worth of plane orders. the company is poised to win two deals with companies. ebay working the 1970's to get sought after collectibles and artwork available online. they will place some live offerings up for bid in april. >> thank you very much, carol massar. another headline involve the citigroup. the bank of paid $7 billion in fines. the news conference in washington today, eric holder detail the reasons behind the $7 billion fine. >> they sold effective loans to countless investors, including federally insured financial institutions and they made false statements to investors. in marketing materials and documents filed with the securities and exchange commission. they let investors and the public to believe that these financial products had been

much, carol very massar. now pronounce of those federal reserve meeting minutes, i am -- welcome to you both. honest us it, i want to start with you. i love saying your name over and over again. an idea going to have of your pitch for the federal reserve. . >> it is really confirming the ship that is taken place. let's not be pulled by the lack of market reaction. whether it's an implicit or explicit reference to higher rates, it is upon us. we have to be watching it very carefully. the fed is trying to communicate to the market that this is not going to be a pivot. it is going to be a slow turn. that is exactly what we're seeing. >> do you buy that? do you think that is what the federal reserve is trying to communicate. we are going to do is eventually, but we are not trying to scare you. forewarnedn at least that that is a plan. >> i think that is right. a keyword that anastasia use was injured by and. isre seeing that the fed being extremely deliberate, not only making his decisions, but in communicating t

carol massar will also join us. she is on site at j&j.k on "bloomberg surveillance." ♪ >> good morning, everyone. "bloomberg surveillance." program, professor hensel joins us, migrating to the stern school of business at new york university in the autumn. brad hintz will join us to sum up what appears to be a better than good inking response. futures were -3, now up 2. fu's earnings analysis. you have single-handedly move the market. >> oh, really, you are giving me way too much credit. jpmorgan and goldman sachs estimates. our guest host for the hour, chris grisanti of grisanti capital management. we want to get to company news from the files of "lumber was." -- of "bloomberg west." people familiar with nokia say a layoff could be announced this week. 6000 people could be out of work. i'd be the biggest restructuring in microsoft history. the operator of japan's most service message is going public. almost $10 billion. line could seek a u.s. actor. and there is a new place on the web to find out advice about dating or flabby abs. "cosmo"

>> that's what will happen. >> carol massar joins me now. i know you have a very special guest. >> i do indeed, emily, thank you so much. i am here with alex gorski, the chairman and ceo of johnson & johnson. thank you for inviting me into your headquarters. >> it is great having you here. >> we have to talk about earnings. you beat both the top and bottom lines but stock is down. i think there is some expectation that you could have pasted it higher because you had such a great quarter. >> first of all, we're really proud of our performance. when you look at the fundamentals, whether it is pharmaceuticals, consumer business, medical devices, we are doing a lot of great things and helping patients live longer, happier, healthier lives. it is always difficult to predict how wall street is going to respond. >> are you being a little conservative? >> number one, we want to do what is best for patients. number two, we can't predict how the markets are going to respond, but we know for a stay focused on the long-term and on our key strategy -- if

back over time-out >> thanks very much, carol massar.oining me to talk about all hese technology headlines, scott and aur own cory johnson, editor of bloomberg west. let's talk about google and the results. >> the analysts got it wrong. they often get earnings per share number wrong. the number to look at is the revenue. growing 14% year over year, so things really picking up from google. also very significant that the head of business operations is leaving the company to go to softbank. that's a big change at google, leaving after reporting a pretty strong quarter of stocks. but 14%, year over year revenue growth, freeing up a ton of cash flow, pretty impressive results. >> scott galway, who -- what is google doing right? >> we're seeing more clicks but they're coming from mobile and there is a negative price barrage -- arbitrage down. people are clicking more and more but they can't get as much revenue for it. >> that's about mobile, exactly. that's the problem with mobile advertising, it doesn't garner the same rates as other types. p

i'm carol massar in for pimm fox . a wall street legend has died. ace greenberg, who transformed bear stearns has died at the age of 86. we'll discuss his remarkable career. and amazon earnings helping to drive u.s. stocks lower. we'll talk to a former amazon 'xecutive about ceo jeff bezos investments and how they are a drag on the company's results. first, let's get some headlines with bloomberg's su keenan. >> thanks. u.s. secretary of state john troopsaying there are no for gaza. -- there is no truce for gaza. ridesharing service lyft got permission to begin operating in all five boroughs. >> first, more on the legacy of alan ace greenberg. joining us on the phone is alan also "street smart" trish regan. a big loss and someone would note for a long time on wall street. >> i had the good fortune to work with a's for over 30 years. close,a legend, but up he was even bigger than his legend. i learned more watching ace and i have learned from anything else in the business. >> there was certainly the person we knew running bear stearns for so many yea

first, let's get headlines from carol massar. our authorityc has negotiated with creditors to push up repayments of bank loans until july 31. the islands main provider of electricity has until monday to repay some bank lines of credit. the authority has $8.6 billion of debt. asset management asset partners and calling for the at supply seller to consider a sale. petsmart would be more highly valued by private holders than investors in public markets. >> thank you. the transportation safety administration is prohibiting battery dead electric devices at airports. your smart phone has to have some battery life in it in order to board the plane. with a more on electronics, i am alatesta whom m joins me from washington. he is behind the fortress phone which boasts a self destruct button. tom, great to have you with us. can you tell people what is a fortress phone? >> a fortress phone is a secure phone. it works on the enterprise and hardens your phone calls from end and. no man in the middle. >> how do you do that? give us a little de

let's go to our radio cohost carol massar. benchmarksu.s. setting records this year, investors last week pulled more money from u.s. stock mutual funds than they have in 18 months. stock funds suffered redemptions of $783 billion in the week ending in july 2. this is according to -- former new orleans mayor ray nagin has been sentenced to 10 years in prison. he was found guilty in february on 20 counts of federal corruption charges. nagin remains out on bond before he has to report to prison no later than september 8. the movie "transformers: age of distinction" has set a record at the chinese box office. "transformers" has broadened more than $225 million in that country. >> nothing extinct about it. let's turn our attention to washington. the navy's $23 billion literal combat ship is facing some chopped. the dod's weapons tester says the new ship is more likely to survive an attack and other warships. yang yang is in washington and has more. critics, what do they call the ship? i'm going to let you call -- tell people. >> they are called "

carol massar, my radio cohost.e from johnson & johnson to the over-the-counter market which can sometimes seem like the wild west of wall street. now, take the case of a stock called think. it shot up 36 thousand percent even though the company has no revenue or assets. he got caught in a squeeze. they say a lack of regulatory oversight cost him his job. joining us is finance reporter zeke faux who has been covering the story. why don't you detail this and what happened? >> it's one of many dormant companies sitting on the market. it barely traded, and when it did, it traded for a nickel or six cents. now suddenly last month, it , jumped up to two dollars and it caught the attention of logs, people on twitter. people started talking about it. and at that point, it got the attention of professional traders also. tom, when did you spot it and how did you know it was not the next facebook? >> a friend of mine saw the stock go from six cents to two dollars. anytime you see a stock jump like that, you take a look at it.

first, let's get headlines from carol massar. >> puerto rico's electric power authority has negotiatedith creditors to push off repayment of bank loans until july 31. the island's main provider of electricity has until month's end to repay some bank lines of credit. it uses those to buy fuel. the authority has $8.6 billion of debt. petsmart investor longview asset management calling for the pet supply seller to consider a sale. longview says petsmart would be more highly valued by private holders than investors in public markets. and that is a look at some of monday.headlines this back over to you. >> thank you. the transportation safety administration is prohibiting battery-dead electric devices at airports. your smart phone has to have some battery life in it in order to board the plane. with more on electronics, i am joined by ziklag systems founder tom malatesta who joins me from washington. ziklag is behind the so-called fortressfone which boasts a self-destruct button. tom, great to have you with us. can you tell people what is fortessfone? >> a fortressfone is a secure phone. it

we want to go to my cohost carol massar -- su keenan. >> jobless claims declined for the week ending july 5. meanwhile, crumbs is not dead yet. the company is in talks with the various interested parties. they closed all stores this week and shares soared on that news. meanwhile, derek jeter is halfway through his 20th and final season with the new york yankees. his jersey has been the top seller at the mlb online shop. those are the headlines. back to you. >> thank you very much, su keenan. if you are headed to an airport, you better make sure you charged your electronics before you go. bloomberg's yang yang joins me from washington, d.c., reagan international airport. yang yang, how is this all working? >> hi, pimm. this started sunday when the department of homeland security issued a new requirement for travelers coming from overseas, banning on charged devices -- laptops, cell phones, e-readers -- requiring them to turn on those devices, effectively proving that they are real devices and not disguised bombs. now bloomberg is learning that those rules could be extended to the unit

. >> carol massar is in headquarters in new brunswick, new jersey. she joins us now.thedent are they problems of these recalls are behind them? >> sandy peterson says there is never a 100% guarantee, especially with a big company with so many products, but she feels confident about the system they have, the streamlines, the operations, they have made some investments. at this point, when you heard sandy talk about investors and consumers should not be surprised or worried about a recall, what you're seen the company do a lot of right now is voluntary recalls. they see something in a process they are not happy with, they will pull a product even if it does not necessarily present a health hazard, if you will. that is a lot of what is going on. they also said they will reformulate all of their consumer products. they are in the process of doing that, making sure there are not any potentially hazardous those chemicals and they expect that in 2015. >> stay with me. i want to bring in the portfolio manager who invests heavily in j&j's stock. 2 million shares. guest host,,

carol massar is at the company store add headquarters in new brunswick, new jersey.ry to make it through before this storm comes back. >> keeping my fingers crossed. the storms are crazy. i am here with dominic caruso, chief financial officer at johnson & johnson. inc. you for inviting us in. the day for you guys. you beat on the top and bottom lines. you boosted your forecast. disappointing, the stock dip? >> we are proud of the earnings we delivered. good, strong topline growth. of noise a little bit about our guidance being somewhat conservative. i would like to call it couldn't. i think we are open with the investment community about what we see going forward. we discussed how we plan to invest in the future. i think that is wise for us to do. it's prudent is different from conservative. and it yellen talked about labor slack. yellen talked about labor slack. what is your assessment of the global economy? >> it is improving, but very slowly. i think emerging markets are going faster than developed markets. they are not growing at the rates we expected a few years

i am carol massar in for pimm fox. today's theme is faith. companies topping revenue and profits.rees --ns saints drew he has become the face of that city. he talks about his team's transformation. she turned her finance

let's get headlines from carol massar. >> apple out with its earnings. quarterly profit rose to $7.75 billion. the jump in iphone sales making up for the drop in ipads. microsoft out with its earnings after the close. profits fell shy of estimates. half it down by the acquisition of nokia's handset business. and herbalife shares rise getting more than 25% as bill ackman failed to convince investors there was fraud. >> cory johnson joins us from san francisco. let's go through microsoft. how did the company performed during the quarter? >> gross margins slipped but we have seen that going on for the past couple of months. we were talking about the surface. >> i was just asking. >> $409 million spent. somebody out there is buying a lot of surfaces. maybe validating the surface team we will file later. >> how much? >> $409 million. a lot of money to develop things like the surface and the xbox and a lot of software. >> talk about the profit margins. they are declining. >> as the business shifts to a different kind of business inclusive of more hardware and

first, headlines with carol massar. >> constellation brands out with earnings today. the company beat estimates and raised the forecast for the year. the stock higher on the day, gaining more than two percent. in the meantime, it is official. tyson foods acquiring phil scheier or $7.8 billion. -- acquiring hillshire. mark fields will be paid salary nd bonuses as much as 5.25 this year. look at the top headlines this hour. back over to you. >> u.s. employment climbing by the most since november 2012. this according to data from the adp research institute. tomorrow morning we will get job numbers on the u.s. labor department. and how the us more federal reserve might react to tomorrow's scores is josh wright. a former strategist at the federal reserve bank of new york where he advised policymakers in the wake of the financial crisis. you survived that, and now you are going to tell us about what is supposed to happen with the jobs market tomorrow. what do you think it will tell us cap go >> i think it will continue to post solid gains. a lot of people start to discount

carol massar is with me to look at the numbers with the chief financial officer. r being here. carol, thank you for being here as well. >> great to be here. jack, you guys had a phenomenal quarter. revenues up 29% from the year before. earnings for 24% from the year before. same-store sales jumped 17% from the year before. this is the high water mark for the company or can you guys continue these kinds of numbers? >> we are proud of more than just the numbers. we were super proud of our team. all the numbers you just talked about, all of that happened at the frontline in a restaurant. have beenrs and crews a great job and we are super proud. in terms of what is ahead, no, we think we can get better. we can do better in terms of -- we are constantly trying to find better ingredients. we think we can do a better job of having better employees with better cultures so they can rise up to the future leaders of our company. if you like our future is really bright and we don't think this is a peak for us. >> i spent some time with your co-cfo and you guys don't really hav

radio go right to my cohost, carol massar.idesharing service uber reached an agreement with the new york attorney general, capping fares during emergencies and national disasters. >> before washington state legalized recreational cannabis marijuana has been legal since 1998. despite being legal in 23 states across the country, federal restrictions have limited scientific testing on the regulation for medical marijuana. some people in the state of washington may be craving some cupcakes after the sale of marijuana for recreational purposes started today. colorado is the second state after colorado to allow people to buy marijuana without a prescription. ethical marijuana has been legal in washington since 1998. i am joined by the cofounder of a company working with the fda to billups standardized -- develop, standardize, and properly regulate medical marijuana. take a moment and explain that your company is a testing company. you are not making cannabis. you are not growing or selling cannabis. arehat we are doing is, we a rese

. -- carol massar.lex beating out estimates my guilt -- >> eating out estimates, yelp did well in its local ad business. snapchat is said to raise money from ali baba. the valuation is said to be worth about $10 billion. this according to people with knowledge of the situation. last year, snapchat said thanks, but no thanks to a $3 billion takeover proposal from facebook. metlife doubled up on derivatives and chilean business. net income climbed last year. shares are down around three quarters of a percent in the after-hours trade. and investors are taking a bite out of shares of whole foods in the after-hours trading. salesmpany lowered its forecast this year, the reason, increased competition. sales are off from the 11% in initially projected. those are the headlines. >> thanks, carol. one company sells products on store shelves, popcorn, indiana. the company ceo and president is joining me right now hitesh hajarnavis. tell me about your business. >> we are one of the largest popcorn companies. number

let us get headlines from carol massar. >> netflix out with its earnings after the close. the world largest online subscription service had income more than doubled. the stock is slightly higher in the after-hours trade. texas instrument forecasting third-quarter profits. the company is seeing demands in machinery and consumer electronics. the stock is down in the after-hours trade of. one stock that is jumping in the late trade is chipotle mexican grill, rising more than 10%. the reported results that beat estimates. >> thank you. another headline today is billionaire investor bill ackman. he is the head of pershing square capital management promising to reveal enron like fraud at the company herbalife. we interviewed him today. eric joins me now. what is he contending? >> let us just say that bill ackman has promised a lot. if he is going to liken it to enron, it means he is likening the alleged fraud at herbalife to the greatest investment scam in history because that certainly is where enron ranks. listen to him. >> the best frauds are really good. the only clue i will

headlines with carol massar. >> puerto rico's credit ratings was cut three levels into junk status byoody's. the potential for further cuts to come. the change could affect more than $14 billion in general obligation debt. gm's surprising investors with a u.s. sales gain at the analyst's projected a declined. these numbers come as the automaker continues its recall. the total reaching almost 29 million vehicles. ford, chrysler, nissan all beat estimates. u.s. auto sales helping out u.s. stocks in a nice rally. sending the dow into triple digits. within twooming points of 17,004 the first time. that is a look at your top headlines. >> thanks. let's discuss this rally. we have the director of -- stment strategy at also, we have bloomberg's keith naughton. usse, i want you to tell what you think that the market is rallying. >> the economic circumstances are decent. we are seeing modest growth, a 2.9% decline which is not really the long-term growth rate of this economy. the valuations are relatively agreeable. we are only slightly overvalued. central banks are generally still stimulus. a

all day my cohost carol massar has been at the company headquarters in new brunswick, new jersey, andoins me now. >> as you know, the company did come out with earnings. >> despite the results, 21% growth as you just mentioned. shares of johnson & johnson didn't react positively. >> they did beat the top and bottom lines. a couple of things might be going on. the company did boost its forecast for 2014. some think they maybe didn't boosted enough. you have that going on. there is also some concern that blockbusters new could be facing some competition later in the year and there may be some disappointment or concerns about that. so maybe a combination of that could be at play. with the chief executive, what did they put acquisitions on -- but the emphasis on, acquisitions or growth? safelittle bit of both is to say. pharmaceuticals are certainly a bright spot. i spoke to alex gorski, the chairman and ceo about the strong growth of the pharmacy. are very proud of the transportation in the pharmaceutical business. theou look past -- over past couple of years and the way ,hey have been a

we want to go to my cohost carol massar -- su keenan. >> jobless claims declined for the week endingy 5.

carol massar has been following this and is live in new york with the very latest.oing on? >> the situation keeps going back and forth here. after meetings between officials and holdouts, no agreement was reached. argentina will be in default. this is according to court appointed mediator daniel pollack. he sent this in an e-mail statement today. s&p did declare argentina in default after the governor admits the deadline for an interest payment of $13 billion of restructuring bonds. the country could not pay $539 million owed to bondholders after a u.s. judge ruled the interest payment cannot be distributed unless the hedge fund that defaulted the debt has also gotten paid. after weeks -- this is been going on for some time -- of avoiding direct negotiations with the funds, successfully sued the company -- country. that face-to-face meeting was held for the first time last night rate that was going on this evening. though settlement talks with creditors led by elliott management continued after a top argentine banker and former economy minister official right in new

from, let's get headlines carol massar. >> ebay out with earnings after the close.utlookany had a sales for the third quarter that fell shy of estimates. revenue in the current period will be between 4.3 billion dollars and $4.4 billion. lots of numbers. meantime, yum! brands posted a second-quarter profit that trailed some estimates. sales falling at its pizza hut chain. lower in the after-hours trade. las vegas sands reported second-quarter sales and profits that missed estimates. the world's largest casino operator saw gambling slow in macau. the stock is lower in the after-hours trading. thanks very much. president obama is set to speak in a few minutes on ukraine and u.s. foreign-policy. the united states has imposed sectoral sanctions on some big russian banks, some energy companies, as well as individuals, including a top vladimir putin associate. more cook now joins us for on these expanded sanctions. tell us what is going on. >> it is a significant ratcheting up by the united states government. it's an indication again the united states is not satisfied wit

i'm carol massar in for pimm fox.oday's theme is rise -- amazon stock is riding low in the after-hours trade after the company reported its biggest orderly loss since 2012. we will dive into the company's numbers. the real housewives tv franchise takes viewers on a wild ride. we will talk to one of its stars. i will sit down with the prsi