>>> and cisco skids. shares slump as the maker of networking gear faces fresh questions over whether its turn around strategy is working. all that and more tonight on "nightly business report" for thursday, february 13th. >> good evening, i'm tyler mathisen. >> around i'm in for susie. we begin this evening with a megamerger in the media world. that deal that would combine the largest tv providers comcast and cable. if approved the company would have 33 million customers, nearly one out of every three cable households in the u.s. and become a dominant force in delivering tv content. the all-stock offer would give time warner shareholders $159 a share. pretty big premium. stock's closing price today of $144.81. julia borstin has more. >> reporter: comcast acquisition of time warner cable, if it's approved, would create a cable and broadband internet giant with nation-wide reach. comcast saying the deal will pay off and start generating money in year one. in part because it will have operating efficiencies

the national security agency using cisco equipment to spy on other countries, so now cisco is getting the other side of that. listen to what john chambers says may change your mind. adam: as we throw it to "countdown to the closing bell," all 10 sectors on the s&p 500 and positive territory trading higher. "countdown to the closing bell" starts right now. liz: the parlor game over who will buy time warner cable is finally over. comcast winning the race paying a hefty premium for shares, but comcast hasn't crossed the real finish line yet. will it ultimately win the approval of regulators? holy winter dump, the biggest storm of the season freezes much of the country shutting down the federal government as well as airport, schools and highways. costing billions in lost productivity and could freeze retail spending. wwat do traders see? and love it or loathe it, valentine's day is coming. a windfall for major companies. we talked to warren buffett sugar baby and 1-800-flowers on profiting from love. "countdown to the closing bell" starts right now. profiting from love. i am liz claman, t

you know, we just got done talking about cisco earnings and outside of cisco the tech earnings have beenter. these companies are selling a lot of goods and services in the tech sector. essentially over time that's destroying jobs in my opinion because companies are making due with less. i'm trying to remember the article i read the other day that was comparing the success of instagram to kodak. >> instagram with 12 employees or something. >> exactly. kodak's peak they were employing 145,000 mostly middle class jobs. to your point, how many does instagram employ? it's a little bit of the effect of creative destruction and, you know, technology advances our -- inherently it's a deflationary force for job creation for better or worse. >> i would highlight home depot announced they were going to hire 80,000 part time workers up from 70,000 last year. clearly there are companies that are seeing more than expected demand. there are definitely areas of the economy that are doing better. >> every year of the recovery the same debate has been had, which is back in 2008-2009, there was a worry the

cisco shares fell 4%. cisco topped on earnings but cutting its sales outlook. whole foods stock fell 6% in heavy trading after slicing its full year outlook. a shakeup at verizon will effect 3,000 workers. they will be shifted around to different jobs and offices as verizon reorganizes. bloomberg new reports time warner and apple are in talks about a tv device and sears is offering online shoppers curbside pick up while they wait in their cars. todd horwitz of average joe options joins us on the show today. good to see your smiling face. >>what's up. >>it's been a great year so far for the stock market. i know a lot of traders are watching what's happening in washington. we finally got this debt deal done. what do you think is likely to happen with the stock market? >>i think the stock market is going to be a little rocky this year and we've had a rocky start although we've recovered in the last few days. i think what you have to look at is mid term elections typically create some selling pressure and the market is certainly fairly valued if not slightly over v

cisco is in business in transition. its core routers and switch issers business is down double digits year-over-year. certainly that transition has been exacerbated by a weak emerging markets condition. cisco has talked a lot about its transition to its newer businesses, connecting everyday products to the internet. as we all know, transitions take time. certainly cisco has been struggling with that. investors right now not impressed with that switch. back to you. >> thank you, sheila, very much. >>> earlier today geiren company reported higher crop prices allowed farmers to buy more new equipment. it pull easily beat estimates by nearly 30 cents. but the good news ended right about there as it projected a slow down in farm equipment sales for the year ahead, shares fell more than .5% during today's trading session. >>> farming wagg ws the focus a big agricultural show and the topic was california's historic drought. while the east is getting slammed with snow, the west coast is dealing with a severe dry spell. it is ch

david: just a moment, whole foods and cisco. of course cisco has a huge market cap, $100 billion.oods is very important. they're not doing much right now. they could move as much as 6 or 7% after the earnings come out after-hours. >> that is exactly right. when you get the earnings numbers in, if it is good news, that's what we're watching for. as far as cisco syssems we want to know what the outlook is. we know emerging market is going to be tough. whole foods markets they have been revamping stores and restructuring as well. we'll watch to see what happens with that one. liz: you know what is amazing about amazon? even when it get as bearish tone from analyst or two, nothing really happens. 3 1/2% drop here on a stock that is very close to its 52-week high. well, 408 is the annual high. 2.45 is the low. >> they're adding 2500 workers to fulfillment center. [closing bell ringing] it is continuing to grow. liz: absolutely. david: home construction was up. owens corning was doing well. there are some winners today. liz: bells ring on wall street. you can call the s&p 500 flat. no r

>> i own cisco, not buying it today. >> i own cisco and juniper. i think cisco is dead money. i probably made a mistake by having something in there, scott. i look at juniper stealing the market share from them and because they're steal that market share in the louder area that's the stock that's going to test and break through. >> this is a time when you i grade the portfolio. i like the technology. look at the semiconductor. absolute high yesterday. we saw it applied materials come out with strong today. in that particular area not so much intel. >> dr. j, what do you make of this? the russell 2,000 is right at its 50-day moving average. what are the knocks on this comeback that we've had in the stock market, is that small cap stocks hadn't been participating to the level that some including our own josh brown would have liked to see? now you've got a threat going back above the 50 day. >> and look at the outside of the russell real quick, judge, look at the, for instance, facebook. we talked about that yesterday. for that unusual activity. stocks up almost 3% today. it's a

now we have cisco. thank goodness i wasn't one starting. adam, cisco. >> this is beat shareholders may like. 47 cents per share. street was expecting 46 cents. and they're talking about, crowing about all of this of course. you will have john chambers on tomorrow but they're going to discuss all of this during their conference call coming up at 1:30 california time. you will have them again tomorrow. he said, liz, we delivered the results we expected this quarter. i'm pleased with the progress we made managing through the technology transitions of cloud, mobile security and video. back to you. liz: they also have a dividend hike from 17 cents to 19 cents. adding two pennies there. that is certainly exciting for the company. closing value at 22.85, you're seeing a strad dill between the bid and the ask at the moment. as we look at this, cisco really struggled in the third quarter when coming to things like emerging markets which had palpable slowdown. john chambers told us in davos, david, he believes in his security business. they have beco

undercut cisco. i think it is cheap. adam: nobody knows cisco better than you.ll, is it cheap? liz: that is what you have to watch a few minutes, we have an interview with john chambers, ceo, the chairman and that seat for 19 years. he has been morphing this company, bringing it into videoconferencing, into security, into it. he did not do anything he didn't say he was going to do this quarter. no downgrades to sell signals. i do think jack is 100% correct. what he is saying is the chinese company that does pretty much the same thing, huge competitors to cisco, they have been shut out of some u.s. companies because of politics saying the chinese can get in there if they install this software and spy on you. the national security agency using cisco equipment to spy on other countries, so now cisco is getting the other side of that. listen to what john chambers says may change your mind. adam: as we throw it to "countdown to the closing bell," all 10 sectors on the s&p 500 and positive territory trading higher. "countdown to the closing bell" starts right now. liz

cisco died earlier this month of natural causes. outside the hell's angels clubhouse in oakland this morning members filled the streets. many chose not to speak on camera but they tell us that they remember cisco fondly. he was president of the oakland hell's angels. hell's angels have a reputation for crime but neighbors who live near the area say bikers have been good neighbors to them. >> i don't see them hassling women out here when women walk across the streets, i don't see them smoking drugs, shooting, fights. so, you know, they're good people. >> still make a lot of assumptions because they look a little bit out of place or whatever. you know? but most of the time they are pretty good people. >> all the bikes and the engine revving did bring some neighbors out curious about what was going on. cisco was buried at evergreen cemetery in oakland. >>> people walking their dogs in san francisco's twin peaks neighborhood should be on the lookout for poison out meatballs. animal control officers spent four hours this morning searchin

>> yes. >> that's impossible. >> they are monga cisco. you know, for cisco.ntify don i don't like the quarter at all and john chambers has an attitude on that call of basically, hey, everything's good here, don't worry about it. and the amen chorus from the analyst i find to be exasperating, oh, more than ever it's about the bottom. you've got to like it. weakness, you know, hey, listen, good opportunity here, puts and takes. holy cow, i mean, they're talking about a company that was a great growth company and it's not anymore. >> i do wonder in terms of activism with cisco one has to given how active activists have been when it comes to technology in particular. the company has -- this was -- i haven't looked at this latest quarter, jim, $37 billion in net cash and securities that represented about 36% of its assets, 32% of its market value. couple that with what seems to be underperforming businesses some frustration in certain quarters at least right here at this desk. where's something to mix it up a little bit on cris keye? >> i don't know. i don't know

on patents paul the electronic sign announcing another patent cross licensing deal this time with cisco systems a worldwide leader in networking to minimize legal disputes and focus on innovation. i can see on the snow. the intake chinese electronics has signed a ten year time cross licensing deal with the assistance of the oakland a's after semi green is the team's unsung in global and another the changes go in global the deals are expected to give the firm's more room to innovate without worrying about legal disputes over intellectual property comes i went to court thirty times last year for patent disputes and its legal battle with apple that spans more than ten countries is dragging into its third year. thompson has won the largest numbers of times in the wealth with around one hundred thousand while cisco has around ninety seven hyundai angola fifty thousand local needy alec sinker esa thompson's recent cross likes the deal will give towns are in cisco tying to prepare for the latest trend and the tech world the internet of paintings which products ranging from cars and household g

climbing thanks to a slowdown overseas at cisco. ceo don chambers will be here to tell us -- to talk to us. it is snowing up and down the east coast today. after two months of record cold snap, there are problems keeping up with the demand of salt. welcome to "market makers." k is off this week in colorado. scarlet fu is helping me out. >> good morning, you talked about comcast and time warner. the deal is more than $45 billion. christina has been talking to executives and studying the fine print. give us the overview. pulled a shrewd move. it was talking to charter about and in thenturer middle of everything, it went around everyone and negotiated a deal on its own with time warner. it is the price the time warner wanted, $1.60 per share. it becomes a matter of selling it to shareholders. did that today on the call with analysts and it's a big price. when you look at how historically these -- these stocks have traded, this is a phenomenal price and could spur some further consolidation. we are looking at some of the smaller players

cisco's profits took a bigger hit, a 55% drop compared to the previous year. cisco said it's bogged down. earnings tracked by investors beat expectations. c.e.o. says his sites are set on the future and they'll be dominated by the internet of everything. i spoke to him at the world economic forum. here is what he said about that. . >> you'll get access to any information anywhere you want, with the appropriate privacy and consumer application issues. >> there are two equalizers in life - education and the internet. if the internet is five to 10 times the impact over the next decade, it will change education and allow us to participate in ways we haven't had before. when you go into your doctor's office. you have a young child anywhere in the world such as china. you never saw a doctor in your life. suddenly they had the best conferencing. >> there's a lot riding on the union vote. coming up, volkswagen, uaw and the motor industry hanging on the out come. you are watching "real money," keep it here. >> the auto industry is bracing for big changes. it all hinges

cisco begain placing corporate bonds on the market monday. the bond sale reportedly could total seven billion dollars. cisco will use proceeds from the sale of bonds to return capital to shareholders through its stock repurchase and dividend programs. the tech giant plans to buyback 15-billion dollars in shares. comcast's latest strategy could indicate power is shifting in the cable industry. netflix will pay comcast an undisclosed amount to ensure its content downloads faster for viewers. as more consumers turn to streaming services for movies and tv shows...internet companies such as comcast are controlling the speed at which the content streams. comcast was also up slightly on word of the new revenue stream. comcast recently disclosed plans to merge with time warner by the end of the year. a sophisticated cyber crime has some bitcoin users taking virtual money "offline." a computer virus called pony is being used to steal bitcoins from users. security firm trustwave calls it the most ambitious cyber attack on virtual money so far, with 85

we root in now to cisco, or route. there after reporting a drop in revenue in its latest earnings. our tech correspondent jon fortt is with us. down 8% from a year ago, jon and the forecast are sort of soggy as well. where's the growth coming from? >> the three ss. services, servers and security seem to be growing but not as fast as those routing and switching revenues are dropping. also high cisco. the kre, how they portion through that. >> topic two the stock. dividends, boosts. what are analyst it's saying about the stock? >> price target drops today, four, after earnings. one hold among those. analysts bullish about cisco's prospects. two price target increases. emerging markets, the bric countries, revenue dropping off and service provider, settop box especially weak. >> john chambers. been there a long time. can he turn it around? if not who? >> people on the bench, rob lloyd, also gary moore, a strong contender in operations. chambers said he plans to stick around another couple of years. the board asked them to

. >>> cisco systems dropped in after hours trading. cisco makes networking equipment. the company did meet the muted expectations of analyst and blamed weak sales in china for a 7% drop in revenue. shares were down 4%. the dow dropped 30 points, nasdaq closed up 10 points. >>> must pass legislation to allow the government to borrow money to pay the bills is waiting for the president's signature. the bill passed after overcoming a filibuster threat by ted cruz of texas. the legislation cleared the house yesterday removes danger of default. >>> 10 years ago today the first gay couple to marry in california took their vows in san francisco. phillip and dale were the first to marry. this came after gavin newsom issued. her part more told about that day when most of the nation opposed emotional. >> -- same-sex marriage. >> the majority of people don't care who you're having sex with. >> same-sex marriage is legal in 18 states including california. a former graduate student instructor at uc berkeley is under arrest. timothy rodriquez met a female student as a bar near campus

that benefited cisco. the company also boosting its dividend.ld be good for cisco. in addition, we are taking a look at whole foods. profit their trailing estimates. sales growth has been slowing and the company cut its full-year forecast in terms of sales and comparable sales. one of the things affecting whole foods has been competition. also, customers just not wanting to spend as much. margins have shrunk a little bit as it has tried to offer more value. for on the markets, i am julie hyman. ♪ . .

that's where cisco is headed next. it's going to take a little bit of change, a little bit of adoption in new brothers, but they'll get there in time. >> what actual product are you -- is cisco involved in the software of this or they're involved in the hardware for the actual backbone of this whole network? >> that's a good question. they're involved in the hardware, mostly. there is a software in that. cisco is going to strive for a higher margin business. but at the same time, they've been known to sell the hardware. and it's -- we wonder why -- i could apply to cisco, you know what i mean? for a job. and they would say what are your skills here to help us do what we're -- you see, people need to go to higher education in this world. what you just described to me, i wouldn't know where to -- i don't know. we need to get people -- we've got a lot of transitioning to do with our workforce, too, scott. >> by the way, can comcast skills, that might inspire more sales. >> thanks, scott. >>> coming one we're got a report

it's a problem we up covered last summer when our cameras captured cisco company storing raw foods that sat for hours before it was delivered. cisco has since stopped that practice and is under investigation by the state health depth and the usdc. the fda says more thanle 83,000 businesses will be affected and lit cost $2,000 for each business to implement. but critics say it will be more expensive. we'll let you know when the rules take effect. vicky nguyen, nbc bay area news. >> thank you. if you have a tip for our investigative unit, give us a call or send an e-mail. >>> a scare at the super bowl and the fbi is on the case. someone mailed packages containing a sus hipihiss -- suspicious white powder. the mailings went to at least five hotels in new jersey. the fbi says the substances were tested and deemed not hazardous. >>> from the super bowl to the olympics, the opening ceremony one week from tonight. >> and the push is on to make sure that everything is ready. the athletes are starting to arrive in sochi and so are the journalists. >> there's one journalists we're keeping our eye

marcks, and ask about cisco. >> there's a cisco that's good, the food service business. bad is the cisco tech. what can i tell you. it doesn't have what i want out of a stock in tech. i want growth. brian in tennessee, brian?! >> caller: hey, how's it going, cramer? >> all right, how about you? >> caller: good, good. my question is about czr partners. >> fertilizer, ag, we don't like fertilizer or ag and we're not going to pay for a dividend when we see no growth. i'll say ixnay on cvr. and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> announcer: the "lightning round" is sponsored by td ameritrade. ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade. wherever you are with the mobile trader app can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house

some notable companies to talk about, among them cisco.out with revenue and profit that beat analyst estimates. customers upgrading their , and theyetworks increased data traffic for smart phones, tablets, and laptops, and that in a fitted cisco. the company also boosted its that, in turn, been a fitted cisco. the company also boosted its dividend. whole foods trailing estimates. sales growth has been slowing, and the company cut its full-year forecast in terms of sales and comparable sales, one of the things that has been affecting whole foods has been competition, and also customers just not wanting to spend as much, so margins have shrunk a little bit as it has tried to offer more value. ♪ ♪ forhis is "taking stock" wednesday, february 12, two thousand 14. today's focus will be on the business of romance. we are just two days away from valentine's day. this was during the holiday season. ither nature not making easy for people to see their balance lines. transportation has been dislocated across the eastern u.s.. we will discuss the log

. >> well, cisco, th reported results. they saw a drop in sales compared to the same period last year. a 55% drop compared to the previous year. cisco said its bogged down by demand and competition. that said, they beat expectations by one penny ceo john penny said he still has his sites on the internet is everything. i spoke to him last not in davos, switzerland, this is what he had to say to that. >> you'll have access to information anywhere you want, and with the consumer protection issues, this is when i want to make this decision. there is education and the internet. now if the internet had everything is five to ten times the impact of the next decade, it will change education, and we'll participate in ways we never had before. i can walk through examples of healthcare where we walk through the doctor's office, you already have given them all the an information that they have. and you'll have a child anywhere in the world who never saw a doctor in their life will suddenly have a video conferencing with two doctors in

compared to what is expected later on today we are ready dealing with some moderate rain in the setup ciscowith some modern rain right now heavier rain in san

>> reporter: they start early here in scottsdale stadium we were here early angel with the san for cisconts. this is a guy who tore his hamstring he is back and healthy >> we have a fresh year that we will take advantage of. there will have to count on us. we can do some damage. i knew everyone who you are a winning team and we have to get back to that attitude. we have to turn the page from last year it happened it we have to move forward. >> reporter: so when an arizona talked-about 196 game they could win 100 or over this year. with coco crisp and some of these new guys in the video. these guys are a young team and fired up. certainly a lot more to come. we are one to be out here all weekend long. live from scott still j.r. stone kron 4 news. >> pam: coming up the attempted carjacking on the bay bridge from inside the cab. i will show you what would it down and the next edition almond. a good that comes in 25 flavors. from whole natural to wasabi and soy sauce. and once good gets going, there's no stopping it. get your good going. blue diamond. snack nut of the u.s. ski team. >> pam:

center cisco's 53 degrees. these clear skies not in the last erelong clout are approaching. this will keep tempters a little more miles dropped tonight. tomorrow with a slight chance of showers and wednesday. still the come tonight a local woman under rest accused of murdering her mother. [ sports announcer ] here's another one, alyson dudek. hales corners, wisconsin. nice pass by alyson dudek. can she hang on to that spot? and she does! [ male announcer ] with the u-verse wireless receiver, your tv goes where you take it, allowing inspiration to follow. ♪ [ dad ] looks pretty good, right? [ girl ] yeah. [ male announcer ] switch to u-verse and add a wireless receiver today. ♪ [ male announcer ] switch to u-verse and add a wireless receiver today. we're new to town.ells. welcome to monroe. so you can move more effortlessly... we want to open a new account: checking and savings. well we can help with that. we tend to do a lot of banking online. you play? yeah discover a mobile app that lets you bank more freely... and feel at home more quickly. chase. so you can. in santa ros

we've got numbers from cisco yesterday. we covered that quite a bit.ly for people who often would talk about them as such a barometer for the sector? or are there other people instead when you're combing through earnings reports you say, that's how we know what's really going on. >> the overall feeling i'm getting is you look at stocks moving today. even look at cisco earnings. it's not as bad as we feared it would be. you see maybe some trading stability in emerging markets, plus you get cisco. revenues were a little stronger than some people had feared. the emerging markets weren't as bad as some people had feared. facebook is doing well. palo alto networks, which is one of those point players, forcing cisco to move a little faster. also doing better. seems like some of the scrappier names actually have room to grow in this market. >> mary, yeah? >> that means also help today. one other thing i want to note, and a number of traders were talking about this, coming into the session, a lot of people were looking at the movement with the dollar-yen. >> w

keeping an eye on cisco systems it and cisco which sells routers and software, they are a key indicater of the overall and right now we want to check in on them to see where they will check in slightly. >>> organic eggs, plus the slow the so a proved, i will look apt the surveillance video at the moment it happened. ♪ [ female announcer ] any moment can be made better with the latest amazing creation from mccafe: the new chocolate covered strawberry frappé. with real chocolate bits in every sip, it tastes like you're biting into a luscious chocolate covered strawberry. ♪ let someone at mcdonald's make your day, with a chocolate covered strawberry frappé. ♪ enjoy. [ female announcer ] another way to love mccafé. ♪ [ fem♪le announcer ] another way to love mccafé. they lived. ♪ they lived. ♪ they lived. ♪ (dad) we lived... thanks to our subaru. ♪ (announcer) love. it's what makes a subaru, a subaru. . >>> they ordered the close of san francisco to issue same-sex marriage licenses many were among the couples who got married before the stopped the weddings and many wanted to thank them and o

ceo john chambers sees big things ahead for cisco and the so-called internet of things.he connected car and connected home realm. here is what he told "in the loop" earlier today. >> this is where the tipping point is going to occur, and the internet of an everything. at the consumer electronics show just a couple months ago at the world economic forum, it was the top technology topic. the google bought nest, consumer companies said, i get it. chambers said the internet of things could be a $19 trillion market over the next decade. dropbox has reportedly hired its first coo according to wall street journal. dennis woodside, the former ceo isgoogle's motorola division reportedly joining dropbox as chief operating officer. dropbox brought in a $250 million funding round, funding the company to $10 billion. they work with companies like yelp, foursquare, and dropbox's biggest competitor. also, jon erlichman. is this more of a coup for dennis woodside or for dropbox? >> you have to look at it as a coup for dropbox, for sure. they need to get more enterprise ready and look li

cisco has been a huge help working with technology platforms. >> the director of the franklin re a websiteebsit >? serve.org. >> the week ahead is next. ♪ >> it is time for our friday feature. we preview the nation's data and analysis for the upcoming week with the senior economist here in the flesh. the charts out-of-date. you are with us to go through them. let's start with payrolls. how is hiring impacted by this severe weather? >> another substantial impact. it will be another two months before it will be a clean look. 150.e forecast looks for it may be closer to 100 funny. you can see that there is quite a bit of distortion over the last couple of months, specifically in goods producing and services. i would not be surprised due to the extreme weather we did see in february all over the country that we will see lost production. >> a lot of people are talking about the weather. any structural deficiencies as well? >> if you were a policymaker come you are looking at the state and you are right. look right past it. wait until three months to see what's going on. i am one of these econom

me maybe favorite spot to spend your off season favorite spot to spin my off season would be seven cisco that's north of you. aside san francisco what's a city in the n.f.l. with the best fans the city i would have to go with dallas i might say dallas city with the most brutal fans. have to go with. philadelphia eagles they would kill for kids yes they were there we had to with the rock they boo santa clause with this city that needs an n.f.l. team los angeles california now yeah you're right forty is fan encounter. i walk into the mall and this guy asks me to sign is chess. he put his shirt down say he's on my chest if you i said i don't think i can do that right now so. burning davis in ten years vernon davis in ten years. big businessman. art gallery or an strong actor. hughes our gallery i want to go on movies yeah i would love to. there's a wife or gorgeous house house she's a room housewife of services go. favorite indoor design aspect in your house. and i have to go with my godiva chocolate jacket is made of chocolate well this lady when i first got the same cisco i gave her one o

the timeous 720 right now happening today and several cisco. will hold what they are called a march on greed their processing a surface is the landlord they dubbed a eat cereal in vector. who they say and the direct effect on display in the city's lower of the middle income returns march begins the morning at 11:30 p.m. at 24 the street station. today marks the two-year anniversary of the killing of trade on margin by neighborhood watchman george zimmerman. in remembrance of more and today has been named national wide lead up day at a rally on march will be held today at the fruit veld bart plaza in oakland. the process will be from 4:00 p.m. until 6:00 p.m.. << governor jerry brown will meet with peru's ambassador to the united states to sign an agreement to expand california partnership with perot this meeting is held at 10:00 a.m. this morning. and then right after the governor brown will meet product kills president both of the meetings are happening in from my hotel in san for cisco. an e-mail from a federal cyber security office says that

cisco. tomorrow starts here. the internet of everything is changing everything. predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. [ female announcer ] we eased your back pain, you turned up the fun. tylenol® provides strong pain relief while being gentle on your stomach. but for everything we do, we know you do so much more. tylenol®. ♪ every now and then i get a little bit hungry ♪ ♪ and there's nothing good around ♪ ♪ turn around, barry ♪ i finally found the right snack ♪ [ female announcer ] fiber one. ♪ i finally found the right snack ♪ hey there, i just got my bill, and i see that it includes my fico® credit score. yup, you get it free each month to help you avoid surprises with your credit. good. i hate surprises. surprise! at discover, we treat you like you'd t

cisco.management and a new ceo or suffer more does a voting results. >> i talked to john chambers in davos. mr. chambers has been rally criticized him but recently, they are doing better. this call today -- earnings this afternoon -- you can see this on bloomberg television and radio after the bell. cisco earnings will be key. >> finally, the government could that brings us back to steve miller on aig chairman. the government needs a turnaround. where do they start? >> despite the fact that janet is going to keep the rates low ol'sa while, it is a fo paradise. you cannot sustain that forever. we are printing money to keep everyone happy in the short term. you cannot keep going forever. we need to get real on government spending and -- >> ok, leave it there. steve miller, thank you so much could i suggest the next round as the new york yankees. [laughter] >> and then the jets and the giants. >> "in the loop" is next. ♪ >> live from bloomberg world headquarters, this is "in the loop." have one

i moved from ohio to step in cisco -- to san francisco.as fortunate to be there during the.com boom. our customers were looking at houses. young kids wondering why there was not a way to search online for the things for the housees. i did a very unusual thing and moved from san francisco to start the website in paris. everybody wondered why i did that. that paris was ground zero, the center of the most beautiful things on earth. i thought it would be a good place for me to do what i wanted to do. >> can you describe what it was like to the in paris and walk through one of the flea markets and have that right place, right time moment where you think, yes, it is the way to do this. get the gallery owners and connected to the customers. >> the right time, right place moment actually happened in seven cisco --san francisco. i used mls. i realized the design community did not have that. i realized there was a need for it and i was in the right place, right time. it did not exist. had the funaris and of visiting the markets and realizing that mo

i also like the stock of another company that is cisco, not the company that is teleco equipment. this is the food service company acquiring its largest competitor. when you get this type of industry consolidation, you have a chance to make some big money and i think cisco fits that pattern to a t. because it is creating in the environment where customers may have to pay more because of the consolidation. on this market, when traders smell weakness in the economy, they buy the higher yielding food and package companies but that hasn't happened yet so i can't wait to see the reaction to the consistent clorox when that company reports on tuesday. we'll see two foods, namely gilead and haines celestial. i would buy both ahead of the quarter. i'm partial to gilead because of the new hep c franchise. on tuesday when yelp and twitter report, all i can say about these is they -- well they are not being valued for this quarter. they are being valued for the next maybe 25 years or the next few years and that is good news for them and their shareholders. i don't believe either one is in the

cisco. tomorrow starts here. suddenly you're a mouthbreather.e up to 38% more than cold medicines alone. so you can breathe and sleep. shut your mouth and sleep right. breathe right. ♪ >>> it's my last night in tangier and i'm headed out. thank you, yes. most cities in the islamic world, getting a beer can be difficult. not here. as long as you're outside the medina, nearly anything goes. tangier reverts to its libertine past. here, western influences become very apparent. ♪ any night of the week is a good night for young moroccans to take to the streets of the ville nouveau. he's from a generation of moroccans far removed from the romantic conceits of the bowles/burroughs era. he's invited me out for a casual snack. sandwiches with tuna, hard eggs and a healthy wad of mayo. crispy french fries within the sandwich. this is delicious. by the way. the bread here is very good. you work in magazine, journalist? >> yes. i'm not a journalist but i own an urban magazine here in tangier to inform moroccans we are living in a place that's pretty special.

both google and cisco belong to a patent advocacy group.onic has reported a double-digit rise in profits for the third straight quarter. profits were up 20% in the third quarter. panasonic has been shifting away from tv production and pivoting to a range of products including auto parts, solar panels, and home appliances. netflix has announced a $400 million bond sale to raise money for capital expenditures and expansion. netflix plans expansion in europe and the more -- the creation of more original shows. president obama spoke this morning at a middle school in maryland about an initiative launched last year to connect 99% of students to high-speed internet within five years. take a listen. >> under the leadership, the fcc is announcing a down payment to connect more than 15,000 schools and 20 million students to high-speed broadband over the next two years. >> microsoft, apple, at&t, and sprint have pledged over $750 million collectively to help connect schools. our editor at large, cory johnson, back with me. >> this is a big deal. this

>> we're definitely seeing rents rising faster in semper cisco and another tech help them we see in theof the country, and it is much less affordable to live in san francisco them pretty much anywhere else, but these differences have been here for a long time. the affordability gap that separates san francisco from the rest of the country has been here long before you and i were all using e-mails. >> ok, so you are saying it is not necessarily technology that is causing this to happen. >> certainly not the whole story. what we are seeing across these tech hubs is that the cubs were drawn to people, tech industries were drawn to places that were expensive to begin with, places that have good weather, universities, other industries that were already there, so most of the gap in home rises that we see today between tech hubs and other metros was actually in place 25 years ago. >> would you go so far as to say the technology industry had nothing to do with rising rents and housing prices in san francisco? >> technology is a big part of economic growth in the bay area. it is a big part of de

cisco. tomorrow starts here.symptoms. [ sneeze ] [ male announcer ] truth is not all flu products treat all your symptoms. what? [ male announcer ] alka-seltzer plus severe cold and flu speeds relief to these eight symptoms. [ breath of relief ] thanks. [ male announcer ] you're welcome. ready? go. bulldog: you know, bulldog: you know, not all heroes wear capes. some wear fur. and mattress discounters good deed dogs is here to help them. meet yara. she helps veterans like marv stay independent. this is caspin. he helps wallace with things she can't do on her own. and goldie helps children with developmental disabilities, while suzie works with people in the hospital. you can be a hero, too. give it mattressdiscountersdogs.com, or any mattress discounters. mattress discounters good deed dogs: helping dogs help people. >>> the city lies about 400 miles northwest of lima, peru's fourth largest city with over a half a million people living there. it's our next stop, the staging area for our trip to the mountains to f

cisco. tomorrow starts here.' bad cholesterol to a goal of under 100. way to go, crestor! yeah! getting to goal is a big deal, especially if you have high cholesterol plus any of these risk factors. because you could be at increased risk for plaque buildup in your arteries over time. so, when diet and exercise aren't enough to lower cholesterol, adding crestor can help. go, crestor! ♪ ♪ oh, yeah [ female announcer ] crestor is not right for everyone, like people with liver disease or women who are nursing, pregnant, or may become pregnant. tell your doctor about other medicines you're taking. call your doctor right away if you have muscle pain or weakness, feel unusually tired, have loss of appetite, upper belly pain, dark urine, or yellowing of skin or eyes. these could be signs of rare but serious side effects. crestor! yes! [ female announcer ] ask your doctor about crestor. if you can't afford your medication, astrazeneca may be able to help. ♪ male narrator: there's something positive being generated in cali

cisco. tomorrow starts here. >>> breaking business news. a $19 billion buy just announced in the past couple hours. the social media giant announcing it has just bought a mobile messaging app. is it worth it and what the heck is what's app? cnn technology analyst brett larsson and joe are "out front." brett and i were joking that i have a blackberry so i'm not an app person. all of this is greek to me. obviously this is worth a hell of a lot of money. $19 billion. i'm stunned. what is this? >> it's a messaging app that is incredibly popular. they send billions of messages a day, exchanged, using what's app. it's got a very young demographic which is something that facebook really desperately needs because they're both losing young users and not attracting young users so they risk going away of my space, friendster of aol. >> if i get a text on my phone, this is my mobile app. i'm still paying verizon, at&t, or somebody something, why is this better than text? >> a stupid person question asked by erin burnett. >> there are no stupid question

tomorrow, we're going to be cisco's ceo.h s ♪ >> i am olivia sterns.g into derivatives. --.ing me is we have seen -- let's start with the emerging markets. what are the options markets telling you today? it bounced off for about 6% or so. today we are seeing some more bullish activity. -- around $.37. it is 10% up from these levels. perhaps traders thinking the selloff was overdone? be what the fed indicates. i think this is an advance in the emerging markets. i am overall not sure about it. >> what about what we're seeing in the vix. what are you seeing in the vix options market? >> when the market was at the high of the middle of last month from a real -- to almost --. all of the futures rallied. now that the market has come off -- to are seeing futures the downside now. there is some downside left in the options index. one option stock traded today is tripadvisor, reported earnings before the bell. what is your take? lastw a move on expedia week when expedia was up 14%. from, after the results tripadvisor last night, the stock is up another few perc

this is your chance to find your heart in santa and cisco with someone special. -- san francisco with someone special. our first look out is here at buena vista park, a favorite with couples and dog walkers. both have a significant force. a refreshing retreat from urban life. the romantic past that meander up and down the park under pines and eucalyptus. hang out in this environment and you might see butterflies it, fennel, and then the lines. -- dandelions. is ada accessible. public transit is plentiful. we have conquered the steps, we have watched the dogs, and we have enjoyed a beautiful view. this is a place to take someone special on a romantic stroll and enjoyed a beautiful look out. welcome to corona heights located in the heart of this district. it offers a view of the downtown skyline, the bay bridge, and the east bay. it is one of the best kept secrets in the city. it is hardly ever crowded. on any given day, you will run into a few locals. , bought a 37 bus to get there without any parking worries. for legged friends can run freely. there is also a patch of grass for the sm

was it important cisco on them so i'm on two groups of experts will join forces and into the mountain area to look for remnants of the legendary uk. we try to locate the starting point of this dish one section of the nissan row. i am. cheadle or cortisone. as an email to get. falling rocks lie strewn all over the road. the bad weather and harsh road conditions are creating huge difficulties for the investigation team the us. all of our dogs. at the you all. top loud what i wanted. on top. oh it back without him the thing. we're having difficulty moving forward. team members tried everything they can to increase the forward momentum of the vehicles. the uh the outside. look like the budget item. it was awesome the idea. it's difficult for cars to move forward. so the team decides to continue the journey to the mountain on foot. moving you lulu lou lou lou according to historical record. you can tell. the sun mountains with dangerous to speak. the roads here were very narrow. it was a desolate uninhabited place where birds of prey often circled overhead the eye. you are. i know. you peo