emily: i did speak with elizabeth holmes last week at the vanity fair summit. i said, look, if your technology is so amazing why isn't this everywhere, why aren't my doctors ordering this for me? >> for us it is making sure we build a found -- build a solid foundation. too many companies have grown too fast. if the space you can afford to him grow too fast as the stakes are too high. we think about it person by person, city by city, building on the framework and building upon it so we can ensure the tech -- ensure the integrity of the service. emily: we did reach out to elizabeth and theranos today. she didn't respond but she did tweet out. this is a company that has partnerships with leading hospitals, has a nine billion dollar -- $9 billion valuation. there must be something there, right? guest: who knows? nobody has seen their instrument, of which there is one in palo alto. nobody has seen their technology, nobody has seen their data. emily: why do you say it stretches the credibility? why the you think their claims can't possibly be credible? guest: the min

i remember meeting her when she was still a student. >> elizabeth holmes. >> yes elizabeth holmes. as a teenager, she started the company with great passion. i remember my partner, tim, saying in the vapors meeting she , is like steve jobs. this is long before she was wearing that black turtlenecks. i did not see what he was referring to, and a even ready -- wrote it down on a piece of paper to remind myself that he said that. but, it was fascinating. she had that mesmerizing zeal to revolutionize. the entire field of medicine. it was these special kind of needles. we were the very first, we wrote a $500,000 check. before anyone else. she has been somewhat independent. she is been going at it all on her own. i do not have the answer to your question. emily: do you guys have an observer on the board? have you had an observer on the board? >> no. emily: so, i interviewed elizabeth last week and i had the same impression. she is impressive. i want them to succeed. but there are people out there who think it is a fraud. is it a fraud? do you think it can recover? steve: there were some

elizabeth holmes said on twitter that they were wrong.ouhis, threaten to change things seated by in trench interests who will do anything to change, but in the end, nothing will deter us. aat is what she said with theranos statement. i did get a chance to sit down with elizabeth holmes last week. we talked about her company and we talked about her vision. we have not actually seen it it's yet. take a listen to what she had to say. it is reallyr us, about making sure that we build a solid foundation. we want to make sure we don't have a company that would grow too fast. but in this stage, a company can't grow too fast because the stakes are too high. we want a framework and build on -- to build on so we can create security. this is a company that has a $9 billion valuation. expertswith independent and some doctors and we are going to try to break this down on bloomberg west. people are telling me that this is possible but it is a very early stage. so elizabeth has some questions to answer here. ofy submitted 1000 pages documentation that t

elizabeth holmes, founder, chair and ceo of theranos. thank you for coming on "mad money."ood to see you. >> good to see you too. >>> read the journal, listen to our interview. you make up your mind. stick with cramer. george johnson can not fly. he can not see through doors. his speed, anything but superhuman. but when it comes to health care options, george found helpful information and resources at aarphealth.com this makes him feel unstoppable. well, almost unstoppable. discover real possibilities at aarphealth.com today and tomorrow take on the world. here's a company making series of smart acquisition. $1.8 billion cash and stock suddenly bulk up presence in the mid-atlantic. this came right after bb & t closed on purchase of bank in kentucky. it's almost as if this regional bank is using this moment where rates are low but the economy is getting better to start expanding across the rest of the country building a more than regional footprint. bb & t reporting three cent earnings beat higher than expected sales increased by 6.6% year over year. that's one of the reason

elizabeth holmes, founder, chair and ceo of theranos. thank you for coming on "mad money." good to see you. >> good to see you too. >>> read the journal, listen to our interview. you make up your mind. stick with cramer.se bbq trophies: best cracked pepper sauce... yep, greatness deserves recognition. you got any trophies, cowboy? whoomp there it is uh, yeah... well, uh, well there's this one. best insurance mobile app? yeah, two years in a row. well i'll be... does that thing just follow you around? like a little puppy! the award-winning geico app. download it today. americans. 83% try... ...to eat healthy. yet up to 90% fall short in getting... ...key nutrients from food alone. let's do more. add one a day men's. complete with key nutrients we may need. plus it helps support healthy blood pressure with vitamin d and magnesium. one a day men's. covering is caring. because covering heals faster. to seal out water, dirt and germs, cover with a water block clear bandage from band-aid brand. i know blowdrying fries my hair, but i'm never gonna stop. because now i've got panten

elizabeth holmes. as a teenager, she started the passion.ith great i remove or my partner saying, she is like steve jobs. this is long before she was wearing that black turtlenecks. it was fascinating. she had that mesmerizing zeal to revolutionize. needles.inds of chapter,he very first $100,000 check. she has been somewhat independent. emily: do you guys have an observer on the board? so, i interviewed elizabeth last week and i had the same impression. she is impressive. succeed.em to but there are people out there who think it is a fraud. is it a fraud? do you think it can recover? >> there were some reporters them oft accusing fraud. it is really frustrating to get kicked when you are down by someone on the outside. i understand people want to critique anyone who is flying high. i think they have done something remarkable. have such auys tough job because you want to invest in breakthrough technology. something separate possible from something impossible? >> there are people walking in our door ever

emily: elizabeth holmes, the founder and ceo of theranos. thank you for joining us.e will be watching. thousands of american companies have a major problem on their hands of the european union top court overturning an agreement today that allow american companies to handle the day to -- data of european consumers. under a "safe harbor" agreement, they were allowed to. toto transfer the data back the united states. it raises questions about amazon, facebook, google operating in europe without breaking the law. coming up from the vanity fair summit, we have julia with us. is this unicorn going public anytime soon? ♪ ♪ emily: jack dorsey is not wasting any time to grow the user base after seeing named the permanent chief. he rolled out a thing called "moments." it is designed to appeal to people who are not regular users. this is what had been called project: lightning. we spoke to him about the project. bill gurley: for me, it is a platform that has more potential than any large company out there. i imagine scenarios where it goes eight times higher than it is today. s

. ♪ >> elizabeth holmes stepped into the lions then to defend her start up. abeth: i read what was written in the article and we think it was misleading and false. i know what we have done, which is the decision to voluntarily work with the agency. we have chosen to take a path that is hard and i believe in it strongly because it is the right thing to do, and i personally worked very hard to change the law in arizona to allow individuals the right to order lab tests directly and i cannot do that without knowing that the tests offered are of the highest quality. emily: she did not pull any punches, calling the "journal" a tabloid and said the paper failed to provide the proper context for the way theranos measures the effectiveness of the tests. the journal is standing by its story. questions remain about how real and progressive their technology is. is leaner really better? hp finalizes its split, dell is taking on tens of billion dollars of debt to buy emc. that prompted meg whitman to criticize the mega deal. in an interview with me earlier today, dell fired

when i look at elizabeth holmes -- emily: exactly. the second female founder on our show today. you guys are doing pretty well. julia: it is hard to be a mother and a founder. you put those two together, and you have a hard proposition. the more i have women around me, the more i feel empowered. we need to make sure that, as a company, we are supporting working parents and we are honest with ourselves when we have an area that we need to work on. >> $200 billion in ticket sales. talk about the momentum and why it keeps building. julia: we have capped a wide gap with ticket income providers and the do-it-yourself list. the gap was large and we are a multi-category ticketing platform. there is a real use for that in the world. you have tens of millions of active consumers were actually coming back to us to find good life experiences. humans like to connect and they come to events like this summit. we need that connection. we bring the world together through ticketing. it turns out that it is a good business. >> do you embrace the defini

to our lead, the blood testing startup has been a silicon valley darling that has made elizabeth holmeshe youngest female billionaire.

it certainly seems to be it has long from elizabeth holmes wants to hold the position that she has ifs doesn't go well for theran so s, what will that mean for silicon valley at large? >> it's a great question, john. i mean, we're in unchartered territory here with these huge private tech companies that, you know, are getting bigger and the founders are an incredible control. other companies that have these structures, uber, you know, you can kind of go down the list. snap chat has something sort of similar. we're in unchartered territory. i think where it will come to roost, if you will, will be what happens when these companies are in the public market. are shareholders going to tolerate these structures? you know, we saw google and facebook obviously two examples of companies with super voting control that have kept investors very, very happy. i guess it depends on whether the businesses working at the end of the day, but for companies in the private markets where there's so much unknown, i do think that investors are taking a risk now in the private side and giving up so much and

elizabeth holmes has spoken out, has said that you didn't represent her company accurately. what's your response? >> well, the response is simple. we absolutely stand by our reporting and if you look at the company's responses over the past 48 hours you will see that they haven't really denied any of the facts in the story or any of the factual details. >> we should say for those that haven't read the articles what she has been striving to do is develop a blood test that only takes a finger brick, small amount of blood compared to what they normally take when they take it out of your blood and take a lot of blood. what you were reporting is they found discrepancies of similar tests where the finger brick wasn't as accurate as those of the more traditional tests. >> there's that but more importantly there's also the fact that they are not -- they were not using at the end of last year according to my sources who are very knowledgeable sources they were not using their proprietary laboratory instruments on more than about 15 tests out of the more than 240 blood tests they offe

this the founder, elizabeth holmes talking with cnbc some time ago. first the "wall street journal" had doubts about the blood test technology. walgreens says it's putting expansion of the blood thinners on hold. and now drugmakers pfizer and glaxo smith klein says it has a close financial relationship is not true. it was reporters, not the companies, making that connection. also this morning, homestead cernos will public some data. the fda responding to a freedom of information act released a few inspection reports. nothing too terrible in the reports. the worst being that the company apparently never set up a system to respond to customer complaints about the accuracy of its tests again, it just has bad press after bad press. >>> square has trouble, too. reporting financials monday. sales were slipping, losses growing. square's part-time ceo busy with twitter this afternoon as it reports property profits. it's earning season apple, not only will we hear how many iphones it sold, it will give us a better idea about the current quarter. the fourth qua

elizabeth holmes owns half the company. considered one of the youngest billionaires on the planet and if there are all of these questions about the accuracy of their tests. that's all they do. 240 blood tests brings into question whether or not, just the legitimacy of this company. >> and caused a bit of an up roar. a strong fight back from her yesterday. so we'll have to see how that plays out. wow, 31 and he's worth $4.5 billion. >> still not bad. i've got ten months to catch up. let's see if that happens. >> get going. >> get going, indeed. it's a tale of two fast food companies today. from board changes to turn around plans. for all the details let's get out to landon. >> good morning to you. yum brands the company behind taco bell, kfc and pizza hut is making big changes. the fast food giant added the activist to the board. he is one of yum's largest investors holding a nearly 5% stake. outspoken activist is also in yum. shares jumped on the news after the closing bell even though yum also lowered guidance. the stock h

that's elizabeth holmes, ceo of seranos, the blood testing company. >> markets closed in the u.k. and continental europe. stock snapping a three-day losing streak, partly on expectations that the fed is not going to raise interest ratesfully time soon. unilever among the big winners. the consumer project giant posted a sales beep, and then there's burberry slumping on a first half revenue miss hurt by weaker demand obviously in china and hong kong. got more fall-out from volkswagen's emission scandal. vw to recall about 8.5 million diesel vehicles in the e.u. when we come back, the largest ipo of the year is now open for trading. shares of first data hanging on to 16 by just a nickel. we're going to get a closer look at the ipo marketed with a lead-in for first data. albertson's and ferrari. in a moment. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ [ birds squawking ] my mom makes airplane engines that can talk. [ birds squawking ] ♪ my mom makes hospitals you can hold in your hand. ♪ my mom can print amazing things right from her computer. [ whirring

here's coo elizabeth holmes with jim last night on "mad money". >> we're incredibly blessed to have partnersho have worked with us, have actually seen our technology and, unfortunately, in this case we offered to bring our technology to the journal offices to show them the technology they were questioning running firsthand, and they denied that request to show it to them, but cleveland clinic, walgreens, so many of the other partners that we've have had have seen our technology. they've worked with us. they've used our systems. they understand when you try to changes them things, people react to it. >> the reaction of holmes in the company, both from "the journal" today, yesterday, and even prior to that. what is your take on all of this? >> you know, there's been a lot of swirl around this company. "the journal" did a great job in bringing together a lot of the questions about the company and whether it was sort of just a marketing vehicle. i think there are two things here. one, the idea of disrupting the health care industry and cutting costs is a great one, and it's a great story. she's

silicon valley superstar elizabeth holmes head of thernos, a blood testing company, issued a lengthy rebuttal this morning to a "the wall street journal" investigation. journal reporters criticized her company alleging in many cases theranos is not using its own machines to run its blood test. it's worth billions of dollars for revolutionary new technology, but the newspaper calls that technology into question. to many people's surprise holmes showed up at a "the wall street journal" conference. you're seeing the video here in southern california on wednesday. now, she had been a scheduled guest for many months long before the critical article about her company by the same newspaper, people were surprised though she participated. >>> other news, apple is telling a judge on the east coast it simply cannot open a locked iphone no matter what if that phone is running ios 8 or 9. that's about 90% of all the iphones out there. apple says it could open an older phone, but urged the judge in the case not to force the company to do that. the request comes from a u.s. attorney as part of a se

this is elizabeth holm talking with cnbc some time ago. here's the trouble. first "wall street journal" said it had doubts about the blood test technology and walgreen's is putting blood centers on hold and as you point out now pfizer and glaxosmithkline have told "financial times" reports that they have a close relationship a financial relationship with them is not true. it was reporters and not the company that had been making that connection. but more questions this morning. also this morning, holmes says start publishing some of its scientific data. something it had not been willing to do in the past. square has some trouble, too. the company reported its financials monday and said sales were slipping and losses wering. square has a part-time ceo in the form of jack dorsy who is going to be busy with his other company, twitter, this morning, as it reports profits. the biggy today is apple. not only will we hear how many iphones it sold, but give us a better idea of how the current quartser going. the fourth quarter is the big money quarter because of the

. >> elizabeth holmes and dropped out of stafford to become the self-made billion in world history. her company has what it says is a revolutionary new machine that can test just a drop of blood for 200 different health problems. revolutionized the health industry. but "wall street journal" quotes employees as saying, while the company is taking in blood samples from doctors, in many cases it's not using its super advanced machine to test that blood. in many cases, "the journal" says, it is using standard industry machines you might find in any testing lab. remember, soranos is worth an estimated $9 billion because it has the super advanced testing machine. >>> san francisco-based square has updated its ipo plan saying it will offer stock under the symbol sq. no word on an oeppening price o when or how much stock. but another step towards a much anticipated ipo. we'll drag this graphic out, again. jack dorsy is the head of this graphic. he just took a job as the ceo of twitter. this seems that square is going to have a part-time ceo. for that matter, so, too, will twitter. part-time

ceo the elizabeth holmes she is head of their knows a company that says it is revolutionizing the blood testing industry. here is video of her at that conference in southern california. she had been scheduled as a guest for months but the reason this video is so startling is the journal published a devastating set of articles criticizing the foundation of her company and many wondered if she would show up much less take the stage. the company is hot because it says it invented machines that can use one drop of blood to test for a lot of different diseases and afflictions in the article the journal alleges in many cases her company is not using the machines of its own to run those tests. now, holmes says she will publish a point by point refutation of those claims sometime soon. other news, apple is telling a judge on the east coast it simply cannot open a locked iphone no matter what if that iphone is running ios 8 or 9. that's about 90% of all the iphones out there. apple says it could open an older iphone, but urged the judge in the case not to force the company to do that. the reques

. >> scott mcgrew, elizabeth holmes is defending her company. >> we first told you about those allegationsst her company last week, a devastating set of articles that allege holmes good testing company which is worth billions may not be testing blood samples with its own machines. it's super advanced testing machines are the whole point of the company and why it exists. so you can see that that allegation made by the "wall street journal" would be startling. even more startling is this video, holmes showing up to a wall street journal conference in southern california talking to the very paper that made those accusations. she says she will have a point by point rev u tags of the article soon. let it be noted the "wall street journal" says it asked for an interview from holmes five months before publishing the article about theranos. she dropped out of stanford to found a company which is bother billions which says it's revolutionizing blood tests, one drop from your finger instead of a tube after tube from your arm. >>> a successful ipo, ferrari started trading on the -- its stock on the n

>> straight ahead, "new york times" columnist jim stewart diving in the complicated story of elizabeth holmesuch more on that when we come back. romantic moments can happen spontaneously, so why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cial

not offer an interview, but last night on "mad money" jim was able to interview theranos's ceo elizabeth holmeser company's testing methods, how it will stand up to those regulated by the fda such as quest diagnostics. >> we've done it absolutely and it's published in our fda decision summary from this summer from a 900 patient study where we got fda clearance from the system that journal is questioning. it was 889 patients for that test and we've done that over and over again for every single test. >> jim, again, this is a $9 billion valuation of a private company that police with lab corp, competes with quest diagnostic. being questioned by "the journal" in terms of what they're doing versus what they're saying. where do you -- you know, you conducted this interview. the only person to have interviewed her. what are your thoughts? >> at the end i said you have to read the article and listen to what she said and try to rationalize it. after my interview ""the wall street journal"" came up with a new story which said that only one of the tests, so to speak, uses this particular kind of technolo

one woman making it big in tech is elizabeth holmes and she's the ceo of theranos. she will be joining jim cramer tonight. >> the latest round of economic data adding fuel to the bets that the fed will not raise rates this year and that could have huge ramifications for international markets like china's, japan's, and europe's. what you need to know. >>> as we head out, take a look at how some of the main overseas markets have performed this year. shanghai, the nikkei, the german dax up between 2% and 3%, if you can read that squiggly line, graph. you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. there's no limit to how much

fair knows founder elizabeth holmes will be on mad money tonight at 6:00 p.m. if you haven't read this article get to it. a scathing report claiming the company is struggling to make its revolutionary blood testing technology work. you don't want to miss this interview it's all coming up and we may have further reaction tomorrow as well. >>> a key market index hitting panic levels for the first time in four years. could that be a buy signal for this market? >>> the justice department probing whether fan duel and draft kings, their advertise something everywhere, should be considered illegal. that is coming up on the "closing bell." my language skills, i've read all of your lyrics. you've read all of my lyrics? i can read 800 million pages per second. that's fast. my analysis shows your major themes are that time passes. and love fades. that sounds about right. i have never known love. maybe we should write a song together. i can sing. you can sing? do be bop. be bop do. do be do be do. do do do be do. draft kings, their advertise why should over two hundred yea

holmes steppedh into the lions den tonight speaking at a wall street journal conference to defend against accusations that her startup has misrepresented its lab test. elizabeth: i read what was written in the article and we think it was this leading and faults -- misleading and false. allnteract with the agency the time. we have chosen to take a pass that is hard and i believe in it strongly because it is the right thing to do and i personally worked very hard to change the law in arizona to allow individuals the right to order lab test directly and i cannot do that without knowing that the tests offered are of the highest quality. emily: she did not pull any punches, calling the journal of tabloid and send the paper failed to provide the proper context for the way therabos measures the effectiveness of the tests. is leaner really better? hp finalizes its split, dell is taking on tens of billion-dollar's debt to buy emc. deal.itman criticized the in an interview with me earlier today, dell fired back. more than $4.5nt dividend and interest expense. is ap will -- if hp were to go private, it would spend $2.5 billion -- i am talking about the whole hp as it ex