how will that help fireeye?'s strengthen the company and continuekevin: you are looking s in cyberspace, attack trends and defense trends. everyone is starting to go to infrastructure service. we have to be where the attacks will be, and where the data will be. other trends, right now if you are hacked and you know it -- you want a trusted partner. you don't just want technology in place, but technology and people and expertise behind you. one thing we saw was a huge shift between people buying our products and running it themselves versus what we call fireeye as a service, buying our products and capabilities and we run them for them. the advantage to that, you have a trusted partner, somebody in the trenches with you hunting on your network, looking for problems, making sure you don't have challenges, and should something bad happened we are standing beside our customer saying, we are there, trying to defend the net. so we are seeing that shift from opex,apex product buy to security as a service. reading about

coming up on "bloomberg west," the incoming president of fireeye. -- >> sayonara. ♪ ramy: you are watching "bloomberg west." in his first remarks about donald trump's presumptive nominee status, president obama said the presidential race is neither entertainment nor a really show. reporters toed take donald trump seriously and vet him thoroughly. the wildfires in canada may become the most expensive disaster in canada's history. the fires now cover an area as big as new york city. thousands have evacuated fort mcmurray. the unitedeneral of nations ban ki-moon has created a trust fund to combat the zika virus. 61 countries and territories have reported local transmission of the virus, and some have seen an unprecedented rise in cases. the body of the u.s. navy seal killed during combat in iraq is returning to the united states. navy petty of officer first class charles keating iv will be

coming up on "bloomberg west," the incoming president of fireeye. to hell with us.ayonara. ♪ narrator: brilliant ideas, powered by hyundai motors. ♪ narrator: the contemporary art world is vibrant and booming as never before. it's a 21st-century phenomenon, a global industry in its own right. "brilliant ideas" looks at the heart of this, artists with a unique power to inspire, astonish, provoke, and shock. in this episode, korean sculptor, u-ram choe. ♪

fireeye, not doing so well the cybersecurity company.t is more "countdown to the closing bell" straight ahead. liz: breaking news. with coal jobs getting crushed in west virginia and the state holding its primary on tuesday we now have remaining presidential candidates hitting the campaign trail to work very hard to appeal to voters in western virginia, west virginia, rather. many whom relied on coal for work and for jobs. look at this, we have 11,200 coal mining jobs in the u.s. have been lost in the last year alone. west virginia chamber of commerce president steve roberts tells us how west virginia should deal with coal's decline and how you guys are dealing with coal's decline. can't be a surprise to you that the coal business is shrinking, sir. let's talk about this a little bit. >> well, liz, thank you for having me on. we're doing lots of things in west virginia to diversify our economy. we are an energy-producing and creating state. we know about energy exploration. we have the technology here to find and produce and sell natural

that would include fit bit, tesla, thursday brings fireeye, go pro as we get more granular picture asrprise spending is shaping up. >> yeah. this week not so much i would think tilted toward enterprise. a lot toward speculative names. security can be volatile. interesting to see what fire-eye does. even names like palo alto networks that have been stalwarts in the industry, very reliable, have seen some selling over the past few months. watching that of course. but yeah, fit bit and go pro, two of those hot names for awhile. people have cooled on them. we will see if their projections for the rest of the year give investors hope. >> on a day where fidelity raises their estimated value of air bnb, that story a few months old now but we will be watching that as well. ackman on "the half" with wapner. >>> welcome to "the halftime report" exclusive event. bill ackman live and unplugged for the hour on valeant, herbalife and what some have called a catastrophic period for hedge funds. i'm joined by our experts. but let's kick things off by welcoming bill ackman on set. thanks for being her

take fitbit, for example, taking fireeye, internet cloud computing company where it is down. the bubble in anywhere is the in vc market, private markets, not impacting shareholders of public companies because the market is appropriately pricing these securities. melissa: okay. donald trump's wrong. david, over to you. david: breaking news. melissa: we solved it. david: we heard about this. viacom reportedly voted to stop paying chairman emeritus sumner redstone. redstone was recently embroiled in a legal battle over his competence. the case was ultimately thrown out by a judge. kevin kelly and jonathan hoenig are still with us. what is this decision from the boardroom say about redstone's position with viacom and the future of the company, jonathan? >> i think probably bodes well for the company, david. look at difference in viacom stock price versus what i believe to be better managed company like disney? viacom is major laggard. unfortunately a lot of drama surrounding sumner redstone has a lot to do with that. the fact he is being distanced, this is not a young man say tha

that includes action camera maker gopro, mobile payment site square and also cyber security firm fireeyeaw a 50% decline in its revenue in the 1st quarter. and it's delaying the launch of its karma drone until the holiday season. the company says it's making some tweaks that's not going to just be a drone. the quad copter is seen as key for gopro's future after camera sales have fallen off for the company. yelp, though, is providing some good news. company had a very good quarter. it saw more users on its mobile app and that's key for the company and shares are up in the early going. stock market down following the job report but it's since coming back now. and we're pretty flat. let's check the big board. dow down by 5. nasdaq positive up2. the s&p is flat. shares at square are down by 16%. yelp meanwhile is up by 14%. kenny and michelle, back to you. >> thank you, jason brooks from kcbs radio. >>> it is 6:44. time now for a look at what's coming up later on "cbs this morning." >> gayle king joins us now from new york. good morning. >> reporter: it's 6:44 gayle time on wednesday -- no,

already doubled from that buying that came in earlier, but just something to keep your eye on as fireeye 15. >> three hours to go. "power lunch" will take it in a minute or so. joe give me, you know, what's on your mind over the next 23 hours before we meet again. >> follow through. that's what you need to see. need to see follow through and specifically follow through in the financials which have an incredible amount of rhetoric surrounding it and then a yield curve which is flattened to its narrowest level since 2007. >> now the realization that we think the fed is going to go sooner than we thought and now the financials with a place to be finally. >> actually, i bought some bank of america and bought sop schwab taking advantage of that, but the charts look good and the fed will surprise people. there are plenty of people that still think they won't go. >> i bought sink any financial and add it had to the "halftime" portfolio and real money and in the portfolio financial stocks. >> pete, two seconds? >> keep an eye on financials. my favorite name still, jpm. >> we'll see you tomorrow.

stuart: how about fireeye, that's way down? >> it is, it's a cyber security company.ssuing weaker guidance than expected and put those two together and that happens to the stock. we had a change at the top. the ceo replacing dave dewalt who is out. all of that combining to go lower. stuart: two tech darlings down today. the report affecting the markets. frankly it wasn't say big, only 160,000 jobs created. that means a down trend that matches the down trend from the economy. i don't know why we're showing pictures of president obama, but he popped up right there. what i want to see is austan goolsbee. former advisor to president obama and there's the graphic, recovery roadblock. welcome to the program, good to see you again. >> great to see you. stuart: here is what worries me, we can't do much to arrest this slowdown in the economy in the short-term. we may want to invest in educational infrastructure, it's not going to happen short-term. and there's not much the fed can do, that's what worries me. mou -- how do we arrest in the immediate future this downturn into th

finally, we have tom mcclellan, director national homeland security policy and government affairs at fireeye. many of you of course know tom from his previous work at nga, the national governors association where he helped really reorient that organization to think about s b cybersecurity. he led the resource center for state cyber security there and has worked in these issues as they relate to the state level and to cyber security and homeland security for a long time. so a great panel. what i told them we were going to talk about was cnap, the -- what's it called? >> cybersecurity national action program. >> how could i forget? and i have to admit when i saw this i thought gee, that's ambitious. that's kind of bold to do something this late in the administration. but as i look at it i think it might actually be something that could work. we'll see. they have six months to deliver. firm deadlines are usually bad. this time it might be good. what i'm going to do is just go down the panel really quickly and ask people, what do they think of cnap, what do they think it ought to focus on and if