. >> "farmville" was considered great quality entertainment.if you look at zynga's model, it relied heavily on selling virtual goods to gamers on the facebook platform, from those virtual cows to the virtual seeds. it began to disintegrate in 2012 and the stock limited about 40%. what does zynga need to do to get back into the game, so to speak? is there another revenue stream they can tap into other than advertising and the pay to play model of buying those virtual additions? >> that is an interesting observation. zynga's products and their business model were heavily built around facebook as being the dominant social gaming platform. virtual goods, you mentioned "farmville" as a business model. zynga put all of their eggs on the facebook ask it. they bet heavily on facebook and believed it would be dominant platform for social gaming. at has turned out not to be the case. mobile, especially smart phones and tablets, have really come into their own as the dominant social gaming platform. zynga has not been able to take either the gameplay in t

. >>> do you like farmville?he man who may have had you checking your livestock from your iphone is stepping down from the company he founded. he says it is time for someone else to take the lead of the company after a very rough year. pincus and his company had popular games like farmville, a facebook phenomena. don may trick is replacing him. shocker here, big american companies paid on average one-third of the corporate tax rate in 2010. berman is groaning over re. this is according to a government accountability office. they paid an effective tax rate of 12.6% on average in 2010. the federal corporate tax rate is 35%. if you add in state rates, you are at 39.2%. this is because of credits, exemptions, offshore tax havens, the gao coming out saying it was 12.6%. you know probably lower than most of us pay. >> there's nothing like a good offshore tax. >> we haven't had tax reform in decades, so this is what happens. >>> 26 minutes after the hour. coming up, another new york midair collision. passengers screamin

speaker, i ask unanimous in opposition to the "farmville" role in the underlying bill because it hurts the working poor. >> the gentleman from massachusetts. >> ideal to the gentleman from illinois. >> she is recognize. strong in very pposition because it increases property. >> i yield to the gentleman from new york. >> she is recognize. >> i ask unanimous consent to revise and extend my remarks in total and strong opposition to the farm bill role and the underlying bill because it serves america's children. >> without objection, the gentlewoman will be charged. >> i yield to the gentlewoman frn. consent toanimous inise and extend my remarks strong opposition to the farm bill role and the underlying it hurts of the working poor. >> the gentleman from massachusetts. >> i yield to the gentlewoman from texas. consent toanimous revise and extend my remarks in strong opposition to the farm bill role and the underlying bill because it takes food from children and it increases the number of starving children in america. >> without objection, the gentlewoman time will be charged. the gentleman

t they are known for games like farmville. we'll find out now what happens with zinga. their shares rose about 10% on today's news. >>> a new budget is in place and so is a new formula to finance the state's schools. governor brown signed the legislation to overhaul for k through 12 spending. he's the one who lob evened for the change saying he wanted to untie the strings and give local school districts more flexibility. the bill sends a higher proportion of money to schools in low income areas. but all the state's schools will be getting more money per pupil. >>> today marks a shift in california. whites and latinos from now an equal share of the population. each comprising about 39%. the shift has been years in the making. and latinos are poised to become the largest ethnic group by the end of the year. california will become the second state with the majority latino population behind new mexico >>> we're continuing to watch the wildfire burning near concord. >>> and so much more on the bart situation. the bart strike has the potential to naurl public transportation.

the fact is, they haven't come up with a game that's been sticky ever since they developed farmville back in 2009, so they might have to resort to online gambling to resurrect the company. but for now, they're just trying to find something, some way to get users to go from the computer to their mobile phones or their tablets, something that will stick. - larry, i'm glad you're sticking with us. we appreciate all your comments this morning. take care. - thank you. in our cover story, big box retailers are facing resistance from some communities who want the jobs that come with the grand opening to be a wage residents can live on. often that is higher than minimum wage. besides education, some say the approach is one of the options those on the fringe of the middle class are counting on. this fall, a wal-mart super- center will open on chicago's south side, bringing with it 400 jobs starting at $8.75 an hour. it's not the $10 an hour local politicians wanted, but as one said, "it's better than a vacant lot." economicst lawrence officer says it's a trade-off: a job, but not a living wag

liz: see if they can move it along cows on farmville.have some breaking news about another exchange. an exclusive story that we are breaking right now. just one year after a failed ipo at facebook. the nasdaq is set to issue a response that dodges much of the blame for the losses seen by many small investors. charlie gasparino joining me now. charlie: this is a true tagteam effort. it is a response to the class action lawsuit that was filed. they are basically said that in that class action lawsuit, nasdaq is responsible. it will be really interesting reading, i think. it will be why it should not be held accountable. i do not know exactly what is in this thing right now. i will say this, this is what i think the theory will be. nasa officials the client to comment. they will say, listen, small investors do not trade on the nasdaq. small investors trade through words that trade on the nasdaq. your beef is through the firm you traded with. they will say, in this response, that is your beef. it then goes like this, the real beef then says,

learning maytrich discussed buying zynga and was interested in adding games like farmville but discussions fell apart. michael dell picks up a key endorsement institutional services says investors should accept the $24 billion buyout rather than a rival offer from carl icon. the shareholder's firm cites a 26% premium. stocks rose as investors turned to alcoa for the start of the second quarter earnings season. bloomberg silicon valley is down today, shares of juniper networks closing lower. >> alta vista was introduced in 1995 three years before google was founded, yahoo acquired it as part of a $1.7 billion purchase of overture services but alta vista is now no more. at bloomberg studios, larry, carolyn, back to you. >> emily, thank you bart ran during morning rush hour today for the first time since striking workers returned friday afternoon. trains ran while union leaders met with state mediators friday, both sides will gather together, mediators will decide if face-to-face bargaining sessions will resume. the agreement to end the strike will keep bart running until august 4th. >> billi

it's was a plea for fifty years of farmville. and here we look upon the cultural phenomenon and how much of the fifty years of those twenty three films and then phones the public's perception of espionage and spot. my thanks to the international spy museum for letting us in a pod if you're in washington let us in to be sure to check it out coming up next conservative radio talk show host and t.v. stay with us. the worst. sure those things. white house superman. radio guy. they all want. to give you never seen anything like this i'm told. is it possible to navigate the economy with all the details of his diction misinformation and media hype will keep you up to date by decoding the mainstream has stated if in your mind. let me let me i want to we're going to let me ask you a point. here on this network as we're having the debate we have our knives out if. maybe if you view this right what's the bank saying never get here in a situation where the united way to talk about your name and great. place. getting out the conservative nati

explicitly all fifty years of farmville. and here we look upon the cultural phenomenon and how much the fifty years of those twenty three films and then flew into the public's perception of espionage and spy. my thanks to the international spy museum for letting us in a bottle if you're in washington let you into the show to check it out coming up next conservative radio talk show host andy dean stay with us. technology innovation all the list of. russia. emissions. couldn't take should be free. free. free. free. free. free media. today. these are the images the world has been seeing from the streets of canada. today please please. good to be conservative nationally syndicated radio host of america now with and be beamed to him so the young is time tested and to compete on donald trump's the apprentice i was the radio show gone good larry hundred twenty markets going good i started you know you were in the you were the man in the radio business your reaction to the zimmerman acquittal was your view of that whole thing oh the

funeral business much, but carl eggleston, he owns the oliver & eggleston funeral establishment in farmvillerginia. just added a drive-thru to his funeral home. you drive up to the window, view the body, and then drive to the next window to pick up your fries. i don't know exactly. there really is. there's a special window on the side of the funeral home where they'll put an open casket so you can pay loved ones the same kind of respect you'd pay an egg mcmuffin. [ laughter ] it's a great way to say i care but not enough to get out of my car. the problem with funeral drive-thrus is half the time you go they put the wrong dead relative in the window. [ laughter ] the oefwner said he's try to ke up with the times. which makes sense because drive-thru food is probably what killed a lot of these people. [ laughter ] some things are unnecessary. hey, good news, the lord gifted us with a new episode of "the bachelorette" tonight here on abc. bachelorette desiree. have you been following her? [ cheers and applause ] she traveled all the way to barcelona, where she whittled down her stable of suitor

it will stick with social gaming and "farmville" and words with friend.ng off. that's not good news for them ultimately. by the way positive for the week for the dow. five out of six weeks of gains. liz: we should make a big deal of that all major indices turned positive here. not bad. jcpenney looked pretty good. 2:00 p.m. eastern time it got an afternoon bump as one hedge fund manager cut his short position. he closed out of it. you saw the spike midday and when david einhorn said we're done. we made our money. >> the company made a lot of money last year. this year it is down 16%. finally, said we're out. [closing bell ringing] david: when even einhorn gives up on the shorts you know the market is serious about growing more. the bells are ringing. today, probably more, sometimes even when the market is not exploding into positive direction, even if the dow end up closing negative, although it is 1.3 to the positive it is an extraordinarily good sign with all the negatives, look at stocks like crocs, look at amazon, which reported bad figures, still the

some investors have been sticking with zynga because they figured they were sure the future was not farmville, but online gambling. zynga set to become in first position for gamble if and when it became legal. now they're saying they're not interested. during its quarterly conference call on thursday afternoon, zynga says it's all in about not being all in. amazon, not a local company but we keep an eye on it anyway, amazon posted a loss as it invested more and more money in warehouses and free shipping and digital media. in other words, instead of making profits, it's plowing the profits back into getting bigger. the stock is down. a lot of investors like to see amazon get spendy. >>> we're still feeling effects of good news from facebook. hampton pearson is live at cnbc world headquarters with a look at the markets today. good morning, hampton. >> how are you doing, scott? not so great news as we look to market opening. futures right now are flat. after stocks posted small gains on thursday, the nasdaq had its best day in two weeks thanks to facebook. the dow and s&p 500 are aiming for thei

it had "farmville," if they get a hot game the stock pops. online gambling willing legal and zynga already has poker. it would be perfectly situated to suddenly go to illegal gambling. but for amazon, only 10:00 percent of all retail sales in the world is online. amazon has 20% of that 10%. would you invest in any retail they're had 20% of its entire market? over the long haul you have to think amazon wins. liz: exactly as dennis says. they have that real estate. it is gigantic when it comes to this opportunity. what are we missing? what do we need to look for the next earnings season? scott? >> is that to me? liz: yeah. >> sure. we need to really watch is how they are able to continue to be beat on operating profit line which they have done pretty consistently. we see expenses continue to slow. we'll get more clarity on the mix of business because that does impact the revenue growth figures. and quite frankly, i keep coming back to it but international has been an overhang for the company. they have invested heavily there. they have break ev

stuart: can they melt in income stream from the residue of farmville? >> sure.ep this up. stuart: you have put others on deathwatch. >> yes. stuart: you are partially right about blackberry. you also did it with game stop you got that one wrong. >> after this year, as things continue to go digital, they are in trouble. this is not a long-term stock. stuart: sticking to it. deathwatch for zynga. >> yes. absolutely. stuart: a couple of big names that you know are moving. i will start with starbucks. nicole: starbucks is doing so well. they are seeing increased sales at home and abroad. the stock is at a new high. raising their full-year profit forecast. doing well with seasonal profit she knows and energy drinks. it is a when. stuart: you have to tell me about amazon. they pumped a lot of money back into the company. the u.s. sales numbers jumped 30%. they all have outperforms or buys. they are still hot on amazon. stuart: it has gone up about 20% this year. that is a huge gain for such a big company. thank you very much, indeed. a group of several very big-name c

social gamer zynga famous for mafia wars and "farmville" in the spotlight today after the founder stepped will remain as chairman and chief product designers and tapped don matt trick of the xbox division former electronic arts executive to take over. zynga shares rose 10% yesterday and on the rise again this morning. let's check the big board. off to a positive start this morning. dow up 47. back over 15,000. nasdaq up by 13. s&p hire by 6. zynga shares up 1 1.5%. back to you. >> thank you. >>> innovators at apple may have something up their sleeve. they are trying to trademark the name iwatch in japan and there is speculation the tech giant is developing a smart watch that works similar to your iphone. it's unconfirmed but the company hasn't denied it. >>> with each new wave innovation another old staple goes by the way side. cnet editor-at-large brian cooley is here to tell us about a number of things that might be going bye-bye. >> the. >> reporter: the wristwatch apparently not yet because apple and others are still trying to make a go of the smart watches. that may linger a little l

those are going to go live in real money fashion, farmville slots, and i know that sounds like a jokele loved those games when they were just jerk around games. when you can actually play them in a casino fashion, those huge revenue. >> they deserve no credit, pete? >> they've never made money. this is a company that cannot make money. they're trading exactly what they are which is basically book value. >> who made the more compelling argument? >> i don't want to get in between two brothers. i got to go with jon. purely from a valuation perspective they are getting no credit. i think the gambling is a game changer. if they execute on that, the stock could be a $10 stock. >> that's a big if. >> they are doing it now though. this is in the paper trading, if you will, stages in great britain right now, but they are 30 days or so away from launching this and that's going to be huge in great britain and it's going to be here, too. >> we're always at the forefront of things over there. you know that. >> new and more let's just call it what it is a new and more perhaps credible ceo potential

"farmville," mafia wars, just distant memories for social gamers zynga these days.pany has been struggling and its latest earnings results not pleasing investors. it lost less money than a year ago. the numbers actually topped expectations. however, when you look inside them, they're looking for lower revenue than expected in the current quarter. and also, daily active users down significantly from a year earlier and monthly users also down 45% to 39 million. these are not trends that wall street likes to see and as a result their shares are diving by about 16%. yesterday, zynga did well like most other social media firms after facebook's blockbuster earnings day when its shares went higher by 30% at its highest close since its first day of trading in may of last year. facebook giving back a little bit of that this morning a little less than 1%. strategy analytic says that sales are 47% globally to 230 million units in the 2nd quarter a record number of smartphones. samsung has 33% of the market share there. apple at 13% with the iphone. and smartphones now outnumbe

strong inclination, andrea, based on what we've seen over the first six months, whether it's the farmvilleote over the speaker, fiscal cliff with the lake dumb 112th congress, is that george w. bush's views on immigration will not heavily influence the sort of critical mass of house republicans that are needed. now he talked in generalities. he didn't say an immigration bill should have a path to citizenship or shouldn't have a path to citizenship. specifically he wants to stay out of the politics of it, but you know i think it's a not in my backyard kind of mentality, which is so many of these members simply don't view the negative side. they don't see the negative political consequences of not voting for some kind of immigration reform and they aren't looking at the bigger picture where people like jeb bush, karl rove, marco rubio, basically every republican strategist i talk to are trying to look at the big picture and say if we vote this down we are seen as the ones blocking this. it is disastrously bad from a political perspective when we turn to 2015 and 2016. these guys in the house

without money in great britain, those are going to go live in real money fashion farmville slots, and know that sound like a joke. that's going to be huge revenue for these guys. i would be buying this thing and am long this stock right here. >> well, maybe not. >> well, not so fast. >> so are you -- that's it, done? >> for now i am done then, judge. i'll be completely out of the stock by monday at the latest here, and what i had hoped to hear wasn't that they would post a big winner for the quarter. i think don matrick, coming in from microsoft, would throw the kitchen sink at the quarter, which perhaps they have done, but i never thought that they would give up on gaming license here in the u.s. now, believe it or not, one bright spot came from herb greenberg who said at least his read of it was that perhaps -- >> a bright spot. >> they didn't say they are giving up on gaming but that they just are going to not pursue it at this time, the gaming license. not enough for me to stay with the stock here. i think i'll be able to get back in if indeed they come back to respect. >> if one

what is farmville? uh, baby for $800, please. who are the waltons? uh, baby, $1,000. who is michael dell? internationalities, $600. what is a white russian? $800, please, for internationalities. and that would be swiss bank accounts. way back then. lynn. uh, for $1,000, internationalities. what is a french press? 1933, $200. what is the nazi party? uh, $400, please. what is the golden gate bridge? uh, same category, $800. what is "reader's digest?" uh, $1,000, please. and you're in the lead by $1,600 over our champion, prabhu. um, i'll go ahead and wager $2,000. okay. here is the clue for you... who is nureyev? no. who is george balanchine? ah. let's look at the $600 clue now... what was the 19th amendment? nope. prabhu. oh. what is the 18th amendment? and with that, you lead a.j. by $1,000, and lynn gets to go first in double jeopardy! and we'll start that round in a moment or two. closed captioning sponsored in part by... all right, lynn, you get to pick first from these categories in this upcoming double jeopardy! round. notice the quotation marks there... you know

zynga first gained atension with popular games like farmville that became a phenomenon and i never playedf these but they were a big phenomenon. fr frappachino, starbucks opened a new drive-through in salt lake city yesterday it was made out of old shipping containers, take a look, very small, just over 300 square feet. you can call it the container as coffee shop model and about 60% of the 1,500 new stores starbucks will open in the u.s. in the next five years will be drive-through, a lot made from shipping containers and good for your image, you're green, reusing these things. >> why not. thanks, poppy. good news, chris. >> it was very good. >>> i got more good news we're going to break but you can rest on this, turns out these planes that almost keep hitting each other not a good thing. they've decided to investigate and we have a new story of yet another one of these where there was a near miss in midair. we'll tell you about it. >>> you'll meet broad way's new annie orphan and see the priceless moment when they found out they were cast. it is a must see moment on "new day". with the

overall, games such as farmville last year and candy crush this year, and people play games on facebookat is driving the growth here. what is driving the growth is the engagement, and the users and people looking at facebook all of the time when they have mobile devices. >> good to remember, especially since a lot of people wrote gaming off not too long ago. ben and yousef, we will watch the stock. thank you. >> up next, bob lutz is going to give us his take on the general motors quarterly report. stay a. while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risk

program as a cornerstone of assistance safety net and should not be left behind as the rest of the farmville advances. if the president were presented with this bill his senior advisers would recommend he veto the bill as a standard for a month the administration policy. for decades congress has worked in a bipartisan fashion to pass a real comprehensive farm bills. the senate continues the tradition this year and unfortunately the house republicans decided instead to pursue an exercise in partisanship and they passed a bill that lacks the insurance and doesn't invest in job creation in rural america and fails to reauthorize as i said nutrition programs that benefit millions of americans and for that reason, we oppose it. i think that there's been some pretty interesting comments on the house actions including by conservatives. and it is a pretty damning comment. these are two different issues, but the congress out before and the house and put together a comprehensive immigration reform bill that would reduce the deficit according to the cbo by $850 billion. it would help our economy grow an