both google and ibm. google seeing heavy losses. ibm trading lower. we have got top tech analyst monitoring the google call and bring us the updates throughout the hour. let's start off the googles big miss. our tratders are tim, brian and guy. guy, let's kick it off with you. this is one that had been doing okay. >> i think tim did a good job on the closing bell. they missed revenues. some of the metrics are scaring me. we have collin up 26%. that i think is what has people a little bit alarmed. that growth is slowing. although i still think the stock is relatively fair, if not cheap valuation, if growth starts to slow like this, that's when people make the argument that maybe evaluation is getting ahead of itself. >> we have the snapshot down 543%. pairing of the losses here, tim. >> just to look at levels on the stock, the stock somewhere around 514 you got -- somewhere around 562 is the 20 day. wanted to see it get back up there. we did not. i do not think there was anything bad in here. people around 630. i think if i look at the revenue line you

do these trends hurt google more than facebook? >> i think google is in a tough spot. they have a gigantic cash machine in search. they have really done well. investors believe in that strength. they have to keep that running and keep that printing money, and at the same time transition to an entirely new way of advertising and helping users buy and sell things. that is really hard for big, slower companies. younger startups are basically able to move much faster. google will be challenged in the next years to really continue the growth it has had. >> google has made a big acquisitions, facebook has also with oculus, and a drone company, google buying a drone company, a lot of robotics companies. paul, are the moon-shots and acquisitions hurting google's bottom line? >> when google became public, they said, listen, a certain percentage of our expenditures both and operating expenses will be for moon-shots. we will have speculative investments. larry, sergey brin have said that from the day one. some of these will pan out, some will not. google, it is part of their stra

>> google wants what it gets sometimes, and he got this. google is coming in later now for this. google has a lot of users. it has to get more. it has to find more places to advertise so we will do whatever it can to get these kinds of companies to get access to all the folks all over the world so it can show more ads and sell services. googlegoal according to and facebook is to bring internet access to everyone. are these unmanned aircraft in use anywhere for this purpose on a large scale? or has this not actually happened yet? >> it has not actually happened yet. we did stuff like this when we worked with the army. as far as commercial ventures and widespread use, not so much. even knowhow do we this technology is actually going to come to fruition? is it too early? >> that is a big question. i think our guest knows more than this than i do. who will take the moon shots. they will spend the money and get the smartest people together. is doing this sort of effort as well and it is not just ringing and other people from nasa to other places. get these projects to work and they wi

google as well and those will be googl shares. those are the a-shares. we have chris hobart, hobart financial group ceo will tell haves to why he thinks it time to ditch sexy stocks. jim lowell, says fear sell something creating huge opportunities for those gutsy in the market. todd horowitz down in the pits of the cme. forgive us if we interrupt you when earnings come out. nice action for the bulls. >> a lot of very bullish action. last couple days we came down. nasdaq and russell are down to the 200-day moving average. we popped up both of those. volume is very light. like easter holiday started already. nobody is talking about, we have options expiration tomorrow. that could create a lot volatility without many traders down. i think a lot of people have taken off the rest of the week. rich: chris, what are you looking for when google is coming out here? parse what investors and where it goes from here? >> when it comes to google, we're really thinking that google obviously is going to perform well. we're seeing that investors still see a lot of upside

google stock is down in after-hours. is the chairman of ad exchange, and paul, your immediate reaction, cost per clicks are down, but clicks are up. is this all because of mobile? >> it is. google, like most other companies come is trying to manage his business from the desktop to the mobile environment. as the usage moves to mobile, two things happen. number one, the actual usage of the site goes up. as you mentioned, clicks were up 26% at google. the flipside of the coin is advertising pricing on mobile devices comes at a lower price point than the desktop. in the case of google, the cost per click pricing was down nine percent. of mediaike a lot companies, needs to manage the pricing on the ads versus the actual number of ads themselves. >> how serious is this? doesn't matter that cost per click is going down? >> it is relatively serious for google. to keep in place the growth, they need to start winning in mobile. it will take a real serious effort for them to put in place the technology and the people and things tha

google buzz, google wave, google friend connect, all three social efforts by google that flopped.le plus nexed? the head of google's social network is leaving the company after eight years. google says this does not signal the end of google plus. this has no i will pact or our google plus strategy. we have an incredibly talented team that will continue to build great experiences. michael kim joins us via skype from seattle. he worked with vick at microsoft to launch the cloud services and brad stone of bloomberg business week here in the studio who wrote in this week's issue a new story about google's and facebook's fight to control technology. why did vick leave? is google plus dying? >> google plus it continues to be important to google, photos, hangouts. those are growing products. they're being more integrated in android. the identity aspects are more in the seven. the original promise of google plus as a social network didn't work out. we know that. no one is spending time there. perhaps no coincidence, he is leaving after eight years of google. the promise that that product

both google and ibm. google seeing heavy losses. ibm trading lower.gle call and bring us the updates throughout the hour. let's start off the googles big miss. our tratders are tim, brian and guy. guy, let's kick it off with you. this is one that had been doing okay. >> i think tim did a good job on the closing bell. they missed revenues. some of the

it's not about the google bus. it's about google itself. when they rejected the application, they have rejected it. you have to adapt and adjust. like when the lgbt comes in. you have to learn to live with them and get along. 2014 is becoming a disgrace. you have to learn to adapt. that's all i can tell you. >> thank you. i just want to say that if you are all democrats remember at the last convention when they voted to -- for ceqa. this morning coming down i saw seven buses. there was 40 people packed. we kept getting backed up and this happens consistently. i would hope that you conduct an eir. a lot of this data, was not just facts but assumed statistics. if you have taken a math class like harvard and state you know that statistics can be made up to manipulate your own agenda. what happened with one of our former supervisors senator yee. i hope you have not taken compensation for transportation. who knows, fbi might be looking through your records too. thank you very much. >> good afternoon, supervisors. i'm a member of the league of th

. >>> a journalist who was attacked because of google glass. >> google glass. if you want it, you can have it but there's a catch. >>> and streaking. some students love the tradition but administrators want to cover it up. we're back in a moment. safeway gets that staying on budget can be a real bear. that's why they've got lots of ways to save. real big club card deals, the safeway app and gas rewards. for easter, get a safeway spiral sliced ham, for just $1.99 a pound. cadbury mini eggs are only $2.69. talk about a sweet deal. and arrowhead water is just $3.33 a case. there's more savings to love at safeway. ingredients for life. >>> you might have seen them around town. google glass has been available to a select test group until now. tomorrow the high-tech but controversial glasses will be on sale to the general public but there's a catch. one day only and for about 1500 bucks. kimberly tere joins us from google headquarters in mountainview. what is the strategy for google and will people buy this tomorrow? >> raj, google is trying to gauge the public's int

they look at google. in a couple of days they won't be looking at it in the vacuum of the internet sector. no, money managers will look at google versus all the other stocks in the s&p, all the other stocks they own. they'll see they're missing an opportunity to own a company that's growing, remember these numbers, they're going to be important, at a 19% clip yet it sells for 17 times next year's earnings estimates. remember how money managers value stocks. you always have to go back to this lesson. make it an apples to apples comparison. to do that, they look at the price they're paying up for the company's future earnings, also known as the price-to-earnings multiple. they pick google's growth rate against the companies that they currently own. let's make it easy. suppose a portfolio manager owns coca-co coca-cola. coke is growing at 6%. what's the price to earnings multiple? 20 times earnings. go back to google. we've stipulated that it sells at 17 times earnings. let's see. from the portfolio manager

every year you raise fees for services meanwhile we let google. google is valued at $300 billion. we are letting them get tax breaks. >> hi. my name is warder. i have lived in the mission area for 10 years. i have heard a lot of issues including whether or not they can afford to extend the subsidized muni passes for people with disabilities, people living on an average income of $900 a month. they were discuss the improvements making to the infrastructure for a long time now to pedestrians and bicycle safety which are considerable and which there was a city and known and celebrated for. i come down here for this where i feel that this is not just undermining what's being done, these positive steps, but kicking in the teeth. we know from the studies that have been done that these shuttles have an negative environmental impact. we are asking for a process that everyone has to go through. good evening. i'm an employee at laguna hospital. i'm an avid daily bus rider. to have youth and seniors who are disabled and those that are disabled i'm able to get on a bus where they are almost g

google's wearables, i should have called it a googlible. this is available to anyone in the united states to buy for the first time since the concept was announced in 2012. the literally a pair of eyeglasses with a tiny display above the right eye. wearers will be able to read e-mails, take pictures, and it acts as a touch pad. google's high tech device has had a polarizing effect on people. it's seen as a status symbol of the elite because it costs $1,500 a piece. google said there are more than 10,000 users who are referred to as explorers who are testing the device but won't say how many pairs are available during today's sale. jake ward joins us from san francisco with more details. jake, do you have one of these? >> reporter: you know, i don't. i didn't get up early enough. i would have been online clicking away at 6:00 a.m. pacific my time to buy the googlible glass that you mentioned. >> you didn't buy it yet? you're not getting it? >> reporter: i don't think so. the whole point is to chest it out further. this seems like its throwin

google, i use google maps on my iphone. my mail is delivered to me by google. i make calls over google infrastructure. moving forward i'll be driving my car using google's self-driving software and we'll have google delivering us internet. they're everywhere. they're also building robots. i'll probably be buying robots from them who come and clean up my house. google is working on all of the big things. you have ups an downs, you have technology shifts but the big shifts are still ahead. >> what happens when google has all of this information on many customers all over the world? they don't say that they have the same kind of infrastructure as facebook. but when you talk about hundreds of millions and billions of people, what do you do with that data? >> this is a scary part. google gets to know us better han we do. they're trying to take all the information they have about you and re-engineer the human brain, to understand how you work and think. to be able to predict that you're going to go out to a restaurant tonight and make a reservation for you. to be abl

ghoul has applied for a patent that allows google glass to have google contacts. >> wow. >> imagine google contacts. this is just the beginning. the law will have to catch up. >> julie, thanks. >>> now for a look at what's ahead on the evening news. >> scott pelly in new york. >>> boston one year later. the nation remembers the loss and pace tribute to the survivors of thing bombing. plus, we will catch up with danny, the young man that was kidnapped. and we will speak with fbi agents. those stories tonight on the western edition of the cbs evening news at 5:30 right after kpix 5 news. ,,,,,,,,,,,,,,,,,, the way for prote >>> i'm ken bastida in the kpix 5 newsroom. new at 6:00 tonight, paving the way for protest. the bay area city finally getting its first dedicated bus lanes. how that comes with a consequence that critics call a sneak attack. it's a story you'll see only on kpix 5. >>> and, jumping into the wine business. how east bay wineries are making a name for themselves. >>> and, we will have the latest on that apartment fire. scary scene this afternoon. smoke and flames coming from

same with google. which is why unlike the vast majority of companies you hear about when google misses numbers it's less important than pretty much any other company that did the same thing. frankly the analysts are clueless about what google can earn when they try to get the numbers. it's not like google missed its own forecast. they don't make forecasts. the number that disappointed was only disappointing in the eyes of the analysts. you may wonder who matters in the process other than the analysts. big deal. all that matters was the analyst. that's where i can help you. the answer is the portfolio managers themselves matter. look at google in a couple of days. they won't look at it in the vacuum of the oh internet sector like analysts who cover the stock. nope. money managers look at googlele versus other stocks in the s&p. all the other stocks they own. they will see that they are missing an opportunity to own a company that's growing -- remember these numbers, they are important. growing at a 19%

google, i use google maps on my iphone. my mail is delivered to me by google. i make calls over google infrastructure. moving forward i'll be driving my car using google's self-driving software and we'll have google delivering us internet. they're everywhere. they're also building robots. i'll probably be buying robots from them who come and clean up my house. google is working on all of the big things. you have ups an downs, you have technology shifts but the big shifts are still ahead. >> what happens when google has all of this information on many customers all over the world? they don't say that they have the same kind of infrastructure as facebook. but when you talk about hundreds of millions and billions of people, what do you do with that data? >> this is a scary part. google gets to know us better than we do. they're trying to take all the information they have about you and re-engineer the human brain, to understand how you work and think. to be able to predict that you're going to go out to a restaurant tonight and make a reservation for you. to be ab

google definitely will. like dick costolo said no moon shots that twitter, just focusing on the core. >> you tried oculus? >> i did. i thought it was extremely cool. i have never used it before, which i was embarrassed to admit, and it really is extraordinarily immersive. it's way down the road that it will make a difference for facebook, but it is cool cool. >> david kirkpatrick, jon erlichman, thank you all for watching this edition of "bloomberg west." we will see you tomorrow. ♪ >> welcome to "lunch money" where we tie together the best business stories. intech, twitter tumbles. user growth slides and photos the stock. the ceo of script says it is simple, the online tv service is stealing. walk this way. how chief executives take care of business on the go. bridget moynahan living on $1.25 per day. she will explain why. in mobile, which makes the best wine? our answers coming up.

marketing, mostly dollars going to google, but compete with google.riceline group ceo next. ♪ ♪ >> welcome back to "the best of bloomberg west." i am emily chang. online travel is a crowded, competitive space. it is priceline's revenue that makes it the largest such company in the world. i spoke with priceline's group ceo darren huston. booking on mobile. >> we are investing very heavily in mobile. just to give you an example, we did $1 billion a looking's on mobile. 2012, $3 billion. billion booking on mobile. it is a very important channel for us in terms of acquiring new customers. it is also a critical part of the end to end experience. now that people are using tablets, mobile phones and other electronic devices along the whole journey, is giving us a great opportunity to enhance our product for our users. >> are you specifying for mobile apps? >> all five companies have apps for the ios platform as well as for android. we continue to evolve those products. they all have very high ratings from consumers. we have a ton of traction. mobile is not j

google most obviously.hat is what gave you anything that gives more and more people easily on the internet is good for these companies. that is the point of view. >> ben, how do you think google thinks about this? are they trying to help each other or are they actually competing? >> i think they pretty much are competing but with the same reason. as mark said, these are free services, anyone who gets a broadband instead of soul internet, theyw end up using google and facebook more than anything else, and google and facebook make a lot of money. so to give you a sense and developed companies, facebook makes about $12 per person per year. in developing countries, it is --bably $2 or $ but or $3, but that is a lot of money. >> and google earnings after the bell, what do you expect? >> in line with the street, so 20% year-over-year revenue consecutive or 16th quarter. that is google. i think we are in for about $6.40 in earnings roughly close to consensus. we think those numbers are achievable. people visit the

google says this does not signal the end of google plus. spokesperson telling us this has no impact on our strategy. michael kim joins us via skype from seattle. he worked at microsoft to launch the dot-net cut services and also brad stone with me in the who wrote a new story about google and facebook's fight to control the future of technology. brad, what happened here? is google plus dying? googlee are elements of plus the continued to be very important to google. , hangouts. those are growing products. there being more integrated into android. i think the identity aspects are being closely integrated in the search. the original promise of google plus as a social network did not work out. we all know that. perhaps from an acquisitive, vick is leaving after eight years at google. the promise that product had, which you really staked his name and reputation to, did not work out. >> you worked with them at microsoft. what kind of guy is he? t was similar anywhere trying to get information about people into the cloud, right? >> yes, i had a c

we are talking about google glass. google is going for growth here.will tell you how the technology company is getting into just about everything and whether or not it will pay off ahead of the first quarter earnings. plus -- we are live on the for -- from new york auto show. to catapulte going sales? all of that and more, coming up in this edition of "street smart year ago markets are near the highs of the session there. thehe green, same story on nasdaq, julie hyman has the big three, watching the stocks you need. >> some of the upside we are seeing today has to do with industrial production. janet yellen did not seem to hurt matters. yahoo! is out with numbers, but it is sort of an interesting story here. yahoo!'s earnings were not that fantastic. it seems to be more gaining because of the figures come ali baba. of course, they own 24% of alibaba, that company reported a surge in sales of 66%. it will not be relying on it forever, they will becoming public, but for now it is still helping matters at yahoo!. a different story is bank of america. une

in the newsroom, mark kelly, kpix 5. >> google is expected to release an updated version of the google glass to the general public later this year. >>> some breaking news out of san jose now where a two alarm fire tore through a townhome overnight. video from the san jose fire department here. fire officials say it started in the garage of that complex. kcbs radio matt bigler joins us live at the scene with the very latest. matt? >> reporter: well, the good news is the fire has been completely controlled and contained at this time. and as you mentioned it did start in the garage at about 4:00 a.m. this morning. the flames spread from the garage to the above area. the living area above where a family of nine was sleeping. again, this is very early in the morning and everyone was asleep. and san jose fire captain reggie williams tells us what happens next. >> mom was awakened by smoke detectors this morning. she heard the smoke detectors and smelled the smoke and she was able to wake up the other children and adult. shuffled them down through the stairs and out the front door. >> reporte

google, big day for google today, google glass has become available. it becomes available for sale. company is so much more than just google glass and the little tricks they have. this is a big deal. >> another example of a great company, their mission is to connect everybody through information they want to find. one of their greatest services is of course google maps. which is really a portal to fighting restaurants, finding destinations, finding hotels. they have had a long interest in mapping. google is a stock today trading 20 times earnings, 16 times 2015 earnings. again it has come down a lot. you are buying a premier company with great management and a long future. liz: i have a tendency to react very quickly too bad news. they freeze, the the pullout ory stay on the sidelines. what would you advise investors to do right now? spiegel advise them to first look back at the past five years and look at all the previous scares were selloff in the market and realize in fact those were all terrific buying opportunities. if you look around you, the u.s. economy is doing just fine, e

and google are set to report this week.s be good or not some good question -- not so good? from new york, paul, let's start out with google. what are the big trends you are watching? >> the market is looking for continued good results. the big technology selloff over the last couple of weeks, google has hung in there quite well. stocks down one percent or two percent, year to date. partners respect the fact that the core business continues to topline revenue growth. tension on the markets as they continue to invest in new business and pose strong topline to bottom-line numbers. >> on the other hand, yahoo! is down almost 17%. they were hit particularly hard in the latest selloff. what are you looking at when it comes to yahoo!? have some new information about original content and original programming that they are making a push on. how do investors feel about that? >> there are two things here. first and foremost, the value of their investment in alibaba, which will presumably become public this year, reflecting more than h

i think they are doing this google glass how many people educators. students. here's how the sale works at 6am google will open sales to anyone over 18 who they will be throwing in free frames or sunglasses to accompany the glass. i have used glass and spoken to many glass users the device has huge still unfolding it's still practicallity is limited if someone wants to see immediatily when someone glass is great it's great for instant notifications other than that people tell me they use it mostly for new tonight at 8 -google announced today that it's getting into the unmanned drone business. it's part of an ongoing effort by the tech giant to bring big internet access to remote >> reporter:google apparently beat out facebook to acquire titan aerospace, which is building these slender, solar powered they'll be able fly above cloud cover and could possibly stay aloft for months or even years. the goal is to bring internet to remote areas. we are just at the start of this. >> reporter:technology analyst rob enderle says that google's purchase of titan aerospace i

google made google glass for sale to the general public this week, but for one day only.t cost $1,500 plus tax for access to the program. i sat down with rich wong, a partner and started by asking him if google glass could go mainstream. >> google glass is still in beta at this point of and we talk about a $1500 price point it is still very much intended toward developers to experiment on applications. the reality is if you try the product and read the reviews, it's probably going to be a while before becomes a mass-market hit. it is perhaps interesting to those of us who live here in the valley, we welcome new technology, but it will be a while before mainstream advice this in a broadscale way. >> i was told zero chance of having it going mainstream? is that too extreme? >> it is too early to predict that. i would not make that prediction myself. when google bought android in 2005, we thought -- they would by putting the operating system and everything of and without they were not spread into that google has executed incredibly well, so i would not count google out at th

google is putting google glass on sale for the general public for one day only.sts $1500 for access to the program. it is available only to adults living in the united states. google has a patent application pending. i sat down with a partner at xl partners. how optimistic are you that google glass will go mainstream? >> glass is still in beta. when you talk about it at this point, it is still intimidating to developers who want to develop applications. the reality is that you try the product and you read the reviews. it will be a while before it becomes mass market. it is interesting to those of us who live in the valley. it is a while before the mainstream will adopt google glass as a product. >> someone from coastal ventures told me that it has zero chance of going mainstream. >> it is too early to predict. when google bought android in 2005, everyone thought that the idea of google moving into mobile was not good. no one thought that an american company would become a major player in operating systems. if you look back nine years, google executed that incredi

google has bought more than 20 companies over the past year. google's founders have shown they have the desire for acquisitions both large and small. now they have a new way to satisfy that appetite while maintaining their control of the search giant. josh lipton, "nightly business report," silicon valley. >>> the auto parts maker delphi is getting drag need that massive legal trouble at general motors over those faulty ill anything switches it made. they have been linked to at least 13 crash-related deaths. plaintiffs suing g.m. have now added delphi's name in their lawsuits against the automaker, included a former delphi employee whose daughter was killed in a 2013 chevy cobalt accident. shares of the auto parts giant down about .5% today at 69.73. >>> that drop was nothing compared to the decline in shares of barnes & noble today. they tumbled nearly 14% after one of the bookstore's chains biggest investors ---ing talking about liberty media -- said it sold almost all its stock in the company. >> reporter: a blow for struggling bookstore cha

what does google have an stake?n attack on android, i should say. >> google has had this huge proxy battle all over the world. it has been dealing with. and google wants to see android protected and stay safe. it dominates the world. it has beat back the iphone. obviously apple is not going to go down without a fight and so google wants to win every battle it can and this is an important one. >> what is the next phase of this? >> that is the big question. some say no matter what happens it is a pr battle. apple wants to show we are the good guys. i think no matter what happens, it is going to be even more interesting because we've got a billion dollars or so from samsung in the first trial. if they get close to what they are getting, that would be really interesting. we do not know yet. it is very early. this could be big. >> we will continue to follow it closely. thanks so much. amazon prime subscribers consumed a binge watch episodes of "the sopranos." received jail to stream select tv show starting may 21. jon er

most of it went to google.at a strategy you expect to we have great websites and they convert tremendously well. we continue to look to google as well as two other source of is kayak orher it trip advisor. there are other places where we go and buy our demand. we continue to buy from most channels as long as the returns are there. we are seeing that our returns on all the channels are great. the day we would love our customers to be more direct. we use google and other sources of demand to find customers and show them how wonderful our products are. >> google is making more aggressive moves in your territory. obviously, they bought ita. how big a competitor g you expect them to be going forward? as angle respects us advertiser. they rely to get more of my money. codeecent acquisition of from room 77, that is not the biggest thing that has happened. google has been working on hotel price as for years. they want to continue to make that better. i think the biggest issue we face competitively is not google, it is

maybe you'll get google in there, but you'll have to pay extra for google.ble provider could start breaking out your internet services and charging you extra for things like -- stuart: they already do. i mean, i pay for cable tv, i pay for my land line, and i pay for my internet service. now you're saying they're going to break down that internet service? >> that's a good point. he's saying he could start charging you separately say for, you know, going on facebook or separately for going on google. that's what he's saying. your phone bill is about as transparent as a bucket of molasses, so it's going to get worse. steert. stuart: stuart is he right? >> it's common sense logic that rings like a bell. it's a trend that he is saying could be coming down. and you know what's really scary about this story, and i a hate to use the word scary, but concerning, let's use the word concerning. we've got comcast/time warner merging, they're going to command 40 percent of the pipes, so those guys can possibly dictate what they can charge you as a user, right, stuart? so

we have google numbers up tomorrow. we have google glass on sale today.uy airplanes drones. walk us through what is happening. in the space between drones and satellites. that is not something i would ever have to think about before. powered drones are very high up in the atmosphere. they buzz around for long periods of time and they can in theory offer internet access to remote areas. -- there are not that many people that don't have internet access. you can travel all over and -- africa and get decent service. the applications are limited. to be aoes want cutting-edge technology and drones are hot right now. let me put this on. >> these are britney's. they would not let me have one. i am looking at your e-mail and a bunch of other things. what are you guys doing? have andu transfer you take it onto a pair of these? aggregationusic technology. we allow you to play from multiple places from a single player. ist we have done for glass called song lens. you can see the world through music. we created virtual locations all over the real world where as you wa

google already failed with google tv. what would android tv be? >> android tv would look an awful lot like amazon fire tv. essentially a streaming service allowing people to watch the kinds of videos they want to watch on-demand in a way that feels a lot like traditional television with a setback remote-control access. liz: we are showing amazon fire tv. this is an exclusive. but let's talk about it. they don't have the market share yet. at least not at the moment because we don't know, it is brand-new. you look at apple tv, roku. can android tv vault to the top of this list? >> no way, jose. if they want to make a success out of it will be content software because they own the mobile device market. 85% coverage of everything that is mobile. liz: i should be a snap. >> hard for me to understand whether building another box on cap of everything else that you have that is hardware. hardware is over. we have the cloud, everything can be in the cloud today. liz: whose heart gripped on that news? is it apple? >> the people related to the hardware maker

google. what exactly did cause it to go down? what was google's cry? simple, it missed wall street's estimates. a company that misses the estimates is a company that immediately gets put in the penalty box. immediately as in that minute. but understand something, unlike most companies, google doesn't actually help the analysts make their estimates. most companies do. most companies provide guidance right before management takes questions, they outline how the company's earnings and revenues are likely to be for the next quarter and for the next year. google, however, is a rare very be. it doesn't give guidance. the other only company that doesn't give guidance is berkshire hataway. he wants to win long term, same with google. when google misses the numbers, it's far less important than if pretty much any other company did the same thing. that's because frankly the analysts are pretty clueless about what google can really earn when they try to get these numbers. it's not like google missed its

and people are accessing on a google search, so i think there's still opportunities for google to getormation they need to maximize their revenue. >> tom fort, buddy, thanks for joining us last minute. appreciate it. >> my pleasure. >>> um canning up, we are talking everybody's favorite topic -- >> taxes. >>> exactly. we're going to talk about the raising burden on the rich. is it deserved? it's a debate, coming up. >> later, twitter's being 44% problem. me in now. hello? i'm trying my best. seriously, i'm...i'm serious. request to come ashore. geico. saving people money on more than just car insurance. >>> told you about a drone-maker, just this hour take a look at avab. one of the highly publicized drone-makers out there. negative on the news, and here we are up by more than a percent on the back of it, 2% so far. >> nobody certainly, melissa is crying for the 1% but many of the face's top earners may be kroig for themselves when they get their latest tax bill. >> remember the american taxpayer relief act of 2012, seems so long ago but many of the wealthy are just learning this mont

you look at the developments in the google system. then you look at china, which is trying to bring on cos, which will be an alternative to apple. you look at the smartwatch coming out of samsung, which they are looking at moving away from google, to have a different operating system which they may bring into their smartphones. so apple is saying to the rest of the ecosystem, look, i own these features, these are mine. if you want to compete, you have to come up with something different. that is the conversation i think is going on. >> apple is asking for $40 for every samsung device that infringes on these patents. is that anywhere near realistic? >> that is huge. i believe microsoft has been reported to be getting about $10 for all of its patents on software, architecture, and everything else, from samsung, five dollars from htc. so, $40 is almost a shutdown price. it disrupts cost of goods sold, disrupts margins to the point where it is very difficult to move on. that is partly a consideration of the google operating system being f