emily: do you think google would close android? hugo: google would never do that. there is absolutely nothing that would convince larry to do such a thing. emily: larry handed over a lot of control. what is your relationship? hugo: that was an amazing decision. he is capable, the most well-rounded executive at google. he is a great product guy. he is a great business guy. it frees up time for larry to think about what should google be 10 years from now, how do we think about artificial intelligence, how does it affect design? it is hard to do both of those things of the same time. emily: you still have a relationship now that you are at xiaomi, you collaborate? hugo: we do. we are an android partner, first and foremost. we try to be in front of the pack when it comes to upgrading the operating system and using all the innovations coming from google. we spend time together every few months or so when i come and visit. emily: would xiaomi build its own operating system? hugo: we wouldn't for smartphones or tvs, or these products. simply because it doesn't make sense

♪ emily: now to google.er beat, revenue up 15% to $15.1 billion during the third quarter. profit up 41% to almost $4 billion. this is the first and last alphabet report before breaking out its core business. the biggest surprise of all, the company finally issuing a major buyback. the exact value of the buyback is somewhere over $5 billion which mirrors the square root of 26, a play on the 26th letters in the alphabet. i will not try to read it on air. shares jumped as much as 11%. here with us is the former coo of google europe. he is with us from skype and florida. wolff of activate still with us. i want to start with the buyback, michael. this is the first buyback for google in history. coming from wall street, one of the first things she is doing is giving cash back to shareholders. michael: part of it is sending a message that we think our stock is cheap. we can buy it back. this is a company that does generate a lot of cash. that is one of the first things. it is also a way of signaling to the street t

emily: you spent a long time at google. google is blocked in china, apps are blocked in china.s there a way forward for google in china? hugo: i don't know. i think it is definitely a tricky issue. i do believe that it may not be the end of it. i personally don't think that it is the end of the road for google in china. purely thinking from the point of view of how useful google is and the fact that people in china who are at universities, study abroad, they depend heavily on google, even despite the fact that it is blocked. that i just think, at the end of the day, someone is going to figure out a way to solve whatever issues exist to bring all of this innovation, present and future, to the people in china. emily: how satisfied are you with the pace of innovation at android? hugo: i am quite happy with the pace of innovation, i think especially because i understand how hard it is to make progress. when you are literally supporting hundreds of oem's and partners around the world. in many ways, i think android is entering a new phase by expressing itself through so many the diff

google's first quarter is all smiles for the companies new ceo. emily: now to google. to $15.1 billion during the third quarter. profit up to almost $4 billion. this is the first and last alphabet report before breaking out. the biggest surprise of all, they are issuing a major buyback. the exact value of the buyback is somewhere over $5 billion which mirrors the square root of 26, a play on the 26th letters on the alphabet -- i will not try to read it on air. here with us is the former ceo you know of google europe. europe.f google i want to start with the buyback. this is the first buyback for google in history. -- comingm austrian from wall street, one of the first things he is doing is giving cash back to shareholders. michael: part of it is sending a message that we think our stock is cheap. this is a company that does generate a lot of cash. that is one of the first things. it is a way of signaling to the street that despite the creation alphabet,about -- there was to be a lot of financial discipline. emily: a lot of the questions about google right now has to do

google is a little bit harder. google doesn't have the retail presence that apple does.n particular, if you are a consumer that wants chrome cast and go to amazon to buy it, you will be stymied. emily: tom, what do you make of this? on the one hand, we are seeing google and microsoft strike a deal over patents. on the other hand, we are seeing amazon shot across the bow to google and apple. and prime customers are the minority of amazon's business. the vast majority don't have amazon prime and don't want amazon video on demand, right? guest: exactly. that's the point here is that there are a lot of people who are looking for ways to download streaming video onto your t.v., use a device, bypass cable operators. emily, we have been talking about this for a long time now. the kids right now are not subscribing to comcast, they are not going to dish, they want something easily accessible, easy to stream. these are not even cord cutters -- and these are cord nevers. devices like apple tv and chrome these are allire, things that make it really easy for millions of people to ge

google is a little bit harder. google doesn't have the retail presence. if you are a consumer that once chrome cast and go to amazon to buy it, you will be stymied. emily: what do you make of this. on the one hand, we are seeing google and microsoft strike a deal over patents. shote other hand amazon across the bow to google and apple. customers are the minority of its business. the vast majority don't have amazon prime and don't want amazon video on demand, right? >> exactly. there are a lot of people --king for ways to it download streaming video onto your tv, use a device, bypass cable operators. we have been talking about this for a long time now. the kids are not subscribing to comcast, going to dish. they want something easily accessible, easy to stream. these are not cord cutters. these are cord nevers. devices like apple tv and chrome for morey make it easy and more people to get their tv easily. the competition between apple and amazon and google is intensifying in so many areas, including this one. it does have the feel of being slightly anticom

google. google teaches history. you never thought that it teaches history. your money teaches history, coins teach history, stamps teach history, and google teaches history. google is my favorite. why? 3.5 billion searches per day, 40,000 searches per second, per second. when you talk about visibility and you talk about how we can communicate women's history, google, love google. google was formed in 1998, and it was formed in a dorm room at stanford by two graduate students. when they went to the burning tree festival -- burning man festival, they made their first google doodle. that is it. this was a couple of weeks before they incorporated. in the year, and i painstakingly counted google doodles from 1990-2000, when i first decided -2000, when i first decided to count the doodles, they did, i want to get this exactly right, 285 google doodles worldwide, 43 that honored people. when they publish doodles, they can say were just going to publish this when in korea. or which is going to publis

chris: if google were to buy twitter, it would instantly improve the stuff google has.his board, there is no one that wants to be independent forever. nobody owns 50% of the stock or somebody who could block a deal like that. emily: you think google would realistically buy twitter? chris: i think google would love to buy twitter. i think they never got social personal identity, real time, or anything, they haven't nailed that. that said, zuck would not let twitter go to google without putting in a bid. there is just no way. emily: you think zuck would bid for twitter? chris: zuck looks at twitter and sees so much potential in it. "clown car inld, a gold mine"? people i know who are close to him -- but his perception that twitter is not doing everything they could has not changed. he would love the opportunity to own it and to improve some of the things. you have satya up at microsoft who has watched it, used it. back when we did the search monetization deals when twitter first started selling some of its search data to partners. it was satya who came down, when microsof

we're going to tell you more about google. my gut says maybe they're going to spend more on these outside projects. look, they've got all the page, drummond, they're with alphabet now. are they really going to move that team to alphabet and spend less on the noncore stuff? >> i suspect you're correct, which is why the tracking stock thing will actually increase the value so much. because if they do focus a lot of energy there, i think two things are likely to come from it. yes, spend rate will go up. but the probability of a success coming out of there also goes up. and if those things are something investors are something that can be priced separately, there's large incremental value from that. because the old google, the mature part of it, still has a lot of value. it may not grow at rates that are even remotely interesting in comparison to the past. but from a cash flow perspective, that thing is gold. and it will continue to be so for quite a while. if you let the market price that in, there will be some substantial growth

and google.sy johnson will be joining to tell us the significance of this agreement and what it means for yahoo!. ♪ alix: i am alix steel. "what'd you miss?" google will now provide yahoo! with search advertisements. cory johnson joins us now from san francisco. what is that mean? >> we shall see. google apparently is going to be doing a lot of the work that yahoo! does, both in providing searches for yahoo! search queries. may bethat would show up served by google. google would then pay for a certain amount of traffic and take a cut of what ever they get paid by advertisers. anyou think about google as advertising sales vehicle, the google ad salespeople will be working to put ads on yahoo! as they do for other sites across the internet. you might look at it as a capitulation or yahoo! relying on google to do a lot of work they used to do. this could be potentially such a big deal that within the filing there is a special clause saying there will be an accelerated antitrust review of the justice

paul: amazon and google -- i'm going to go at the old name. they've continued to put up some amazing numbers and this is the third order where they have delivered profits for shareholders. the amazon story has been about extraordinary topline growth. we see jeff raises and the management team defer near-term possibility -- rough ability but here, they put up some topline and bottom line results. on the google side, strong results on the top line and bottom line. still some issuigrating from the desktop to mobile devices in terms of cost per click. up fore more than making that in the search queries. scarlet: julie hyman bound the number we are looking for -- amazon web services. up 78% from the same time a year ago. in terms of operating income, 431% from the same time one year ago. you have to imagine google and microsoft are sweating when they see those kinds of numbers. paul: now they have a business that is solvable he profitable. income5% operating margin. the issue for amazon knew theers, we always cloud business was huge and growing qui

we start off with alphabet here, more commonly known as google. we still call it google. josh lipton has been on the call. >> the conference call did just end. being asked about the shift from desktop to mobile presents opportunities for his company as well as challenges. here is how he answered that question. >> mobile gives us very unique opportunities in terms of better understanding years, and over time as we use things like machine learning, i think we can make great strides. my long-term view on this is it is better than desktop. it will take us time to get there. >> no surprise given we heard from microsoft and amazon tonight that he was also asked about his cloud strategy. saying google sees clouds as an exceptional opportunity. new customer adoption is seeing tremendous momentum. google continues onto vest, in his words, a lot in that cloud business. i'll point out cfo ruth importaporat being defensive about the moon shots. other bets remain a broad array of what she called sound business opportunities. the company has a rigorous approach to those moon shots and

google and tesla has been leaving detroit in the dust.ke a closer look at what general motors will do to tighten the race. keith, first of all, terrific story. i encourage everybody to check it out. seeset a sense that gm itself as an innovator, a company that knows how to build cars better than anyone. are trying to live in both worlds, showing that they are veterans and experts are car building. as i interviewed mark royce, he times.e word disrupt 14 he is trying to speak the language of the valley. cory: that sounds a retaining, actually. irritating,ds actually. are certainly in a race with google and tesla and apple. what they are trying to do is be an innovator in driverless cars when the share at the moment is with google. cory: google -- i was down there a couple months ago and they took the presentation secretary around and gave him a ride in a self driving car. what is it about google that makes them seem like they are in the lead? guest: when google talks about what it is doing, it describes it as a moon shot. the cars they are

it is part of the google x lab.ing up, inside silicon valley and the tightening race for self driving cars, next. ♪ cory: american automakers have been dreaming about self driving cars since the days of franklin delano roosevelt but lately, silicon valley looks like it is closest to making that dream into reality. companies like google and tesla have been leaving detroit in the dust. but bloomberg businessweek takes a closer look at what general motors will do to tighten the race. keith joins us from detroit. keith, first of all, terrific story. i encourage everybody to check it out and bloomberg businessweek. you get a sense that gm sees itself as an innovator, a company that knows how to build cars better than anyone. keith: they are trying to live in both worlds, showing that they are veterans and experts at car building. as i interviewed mark royce, he used the word disrupt 14 times. in our conversation, he is trying to speak the language of the valley. cory: that sounds irritating, actually. that the guy was so

it could be google fiber, it can be small companies that have tried odeploy and have been rebuffed. i would like to see new deployment into the market. the point is you can make it cheaper, can you change the economics of the market to stimulate deployment, and spending a lot less taxpayer dollars and then the city would lease out those conduits to private providers and you get the benefits of competition without the government having to be in the business. >> we have seen some of that but chattanooga is the example of doing well off of it. >> chattanooga rushed into the government providing a service. nobody has actually tried to model that i'm suggesting which is a middle ground, should be something that democrats and republicans can agree on. it basically says let's have the city shake up the market, install the conduit but before it goes to the length of installing its own fiber and all the equipment that goes along with running and maining a market. >> in the case of chattanooga though, the internet provider, the incumbent provider sued the city for doing it. they said we're no

google play have an ulterior motive. it doesn't necessarily want to get into the cable business, but google does want its competitors to upgrade their networks. >> this isn't a done deal. google has applied to install the equipment and now the public gets its say on the project. >>> here's something to ponder while you're lying in your warm bed tonight, software engineers sleeping here in her 1969 volkswagen camper van. she works for an unnamed silicon valley company. in courts magazine she writes she'd rather live in the van than pay the astronomical bay area rent. she spent about three months fixing it up, has been living in it oh a week now. she's made clear -- over a week now. she's made clear that she gets her essential food and hygiene matters taken care of at work and does the disclose where she parks at night. always a way, paul. >> you realize that we live in an area where people who have good jobs are choosing to live in a van. >> 1,800 bucks for a bunk bed. >> as opposed to paying rent. >>> all right. we've go

part of that research is not in beijing, but right in google's backyard. bloomberg west had an exclusive look at its lab in sunnyvale, california. >> speech recognition, artificial intelligence, all part of the work done here at baidu usa. the silicon valley arm of the chinese research giant. >> i think we're in a unique position to be the best in silicon valley. and to put them together, to create things that no one has seen yet. >> meet the mastermind behind google brain, what most ambitious artificial intelligence projects to come out of google x. ng made a big splash when baidu recruited him to run the lab in sunnyvale, less than five miles from google headquarters. ng: i think there is a huge gap between what we can do and what we have a copper so far. >> what is next is one of the first projects to emerge from baidu. a sort of robocop meets web in md, ask a doctor. >> the system really has a lot of intelligence built into it. first of all, the . app, toan talk to the describe their symptoms. refer toymptoms will deep speech with voice recognition, an

both the internet industry, the googles, the yahoo! and microsofts that it wanted to control, continue to retain their control. but you had the traditional media world, the studios and labels and others, wanting to retain control of distribution. they were attacking us, accusing us of not doing the right things around copyrights, when, in reality, we were building more tools than any of our competitors, and more policies from day one than anyone else to deal with all these problems and action -- actually eventually create solutions for them where they could monetize them. the music industry earns billions of dollars off of youtube on an annual basis now. but with all these people looking at us, and us just struggling to keep things up and running, we had no other choice, really, at the end of the day, to be acquired by someone. for us, we were lucky enough to be acquired by google, who, in my mind, kind of took a chance on us. and that, really, youtube would probably not be here today or what it is today without their support. so i am

to come out of google x. ng made a big splash when baidu recruited him to run the lab in sunnyvale, less than five miles from google headquarters. andrew: i am excited about the potential. i think there is a huge gap between what we can do and what we have accomplished so far. emily: what is next is one of the first projects to emerge from baidu. a sort of robocop meets web md , a medical doctor in an app. >> the system really has a lot of intelligence built into it. first of all, the speech part. people can talk to the app, to describe their symptoms. and the system will use deep speech with voice recognition, and they can decide if they need to see a doctor. emily: this is all part of the c.e.o.'s grand vision. or letting users connect with nearby businesses through the ir smartphones. it is a vision he believes in it so deeply, he's investing billions of dollars, risking investor relations, and sacrificing profit today. all without a money back guarantee on future growth. >> in china, we see your cell phon

and google's answer was, google uses algorithms in the automated system. google will soon be informing parents on how to change settings and restrict the range of videos -- the same answer as applied to a previous question. so i ask, how long after content is flagged does google assess its suitability? and the answer is quite unclear. the statement was in this letter, google personnel quickly manually review any videos that are flagged. so i additionally ask, how does google remove content that is deemed unsuitable for youtube kids and enshiewsh tha ensure tt continues to be inaccessible to youtube kids? and the answer from the letter is that the video is manually removed by google employees. that's the automatic way of what is deemed unsuitable to ensure that it continues to be inaccessible. and so i ask, what policies and procedures govern how google determines the suitability of advertisements and whether they can appear on this app? and the answer is: advertising must abide by three core principles which include that ads maintain an appropriate viewing

maybe the alphabet separation has allowed the google executives to focus on google and all these crazy ideas are sort of out in the peripheral now and that's working for them. >> steph. >> so i guess question for both of you. how do you get your arms around the valuation of amazon? a lot of people do a sum of the parts valuation. for me i have a tough time and i can totally appreciate google because i can kind of value that on a pe basis. i get it that amazon just made money and 17 cents is a little bit of a victory but i think there's a long way to go there. how do you address that? >> i totally agree with you. i would think we would all have to hold hands together to try to get our arms around amazon. the valuation is ridiculous, they don't make money really but it's a story of dominating retail in every category. i literally ordered mosquito rep lent and guitar picks in two separate orders on the same day. >> and they probably each came in a giant box. >> totally. >> this is a name guy adami loves. >> i love guy, actually. but i think the reality is amazon is a stock i'm not as comf

well, enderly says google may have an ulterior motive.t doesn't necessarily want to get into the cable telephony business but google wants its competitors to improve their networks, ultimately benefiting google's other products. >> force them to up their game to start thinking about early retirement. >> reporter: julie watts, kpix 5. >> it's not quite a done deal with a few things still to be worked out but city officials told the "mercury news" a formal announcement could come in november or december. >>> we'll be right back. ,,,,,,,,,,,,,,, >>> take a look at ayour tv screen. let's take you for a ride. temperatures today still above average with the sunny skies into the mid-60s and low 70s at the beaches today. mid-70s common around the peninsula. good morning, milpitas. 77 degrees. and then east of the bay climbing to 85 degrees in brentwood. otherwise, north of the golden gate bridge, from the 60s and bodega bay to the 70s in mill valley. and petaluma at 80 degrees. mild conditions continuing today in the far reaches of the north bay.

google with cash expands the driverless car program in the race between google and gm going into higharlier model. in 2012, google unveils a fleet of test vehicles. start passing laws allowing driverless cars. 23 google cars drive themselves in california to texas. 2014 goggle they expanded to gm territory. they told a car without steering wheel or pedals. people seem to like it. in 2015 gm has a super cruise feature that drives itself in traffic. they plan to start selling the sedan to the public 2017. meanwhile, google says they have already driven over one million miles. but, the vehicles have not been tested in rain or snow. cannotmetimes distinguish between fresh in people. despite that, we could see their car be used in 2017. >> speak recognition, deep learning, artificial intelligence, all part of the work done here in usa. the silicon valley arm of the chinese internet search giant. >> we are in a unique position to have the best ideas from beijing. and we can put them together. >> of meat and her lane. the mastermind behind google brain. one of the most ambitious artificial i

they are doing as in the google place store. -- google play store.this new service that youtube is launching, what are the obstacles or challenges they face? and like on facebook is dominating and video and mobile video. : facebook is driving so much engagement when it comes to video. youtube is playing a bit of ketchup. is changingndscape so quickly and genetically come it's difficult to say that youtube is behind when youtube is still youtube. it will be interesting to see if they are seeing engagement there. the ceo has made a lot of dramatic changes. we will see those are to play out. david: talk about the rumors of dividends. , made ceo is indicated some positive indications that she may be open to returning some cash to shareholders. google has $70 billion in cash. they will have $100 billion in cash. there's a lot of pressure from investors for google to do some more shareholder friendly things. she is coming from a completely different background. it has not been something that they've been paying attention to. she is the person they brought

that's a lot less than cities where google doesn't have operations. as for lexington, kentucky the key to its economic growth is to get gigabit service. >> this is one of those opportunities i think from a technology perspective where you sort of have to make the big leap and the leap is that we will need that bandwidth. >> jake ward, ledges, al jazeer, cloog tennessee. >> legislation in can congress to make sure the fcc never overturns state law again. i'm going to ask her whether money she has accepted from big telecom influenced her decision. decision. >> across the united states cities are paying for and building the infrastructure for ultrahigh speed internet service on their own. telecom giants like comcast and at&t have responded by lobbying for state laws to stop doing it. but this year the fcc overturned those restrictions in two states, tennessee and north carolina. i talked with u.s. representative marsha blackburn who has presented legislation in congress for the fcc ever doing that again. it's a right of sovereignty. >> we think it's a st

in principle, the key here is by splitting court google c --ore google, we may see their earning $55hare against another number of 38 or so. it is easy to value the business at a higher level than perhaps it has been in the past. i think the new ceo is putting on greater transparency. caroline: amazon, bringing profit once again. is that the way that jeff bezos is going, he too can be disciplined? mark: and i think it was interesting on the amazon conference call last night they talked about cost discipline. that is something they do not talk about a great deal. i think the cost discipline is almost implicit. they areis so big, still investing heavily, but they cannot invest more. they are getting massive leverage. perhaps the key number to take away is within the net -- north american business, they had a 3.5 breaking launch, the market was looking for 2.5. caroline: i remember speaking to to view years-- ago, you said it was all about amazon. this year and -- it has come to fruition. the cloud is behringwerke fruit -- behringwerke fruit. basically we have become assessed with amazo

amazon and google are poised to open in record territory. microsoft's first quarter results beat analyst estimates and shares topped $50 for the first time since november. microsoft was helped by cloud and enterprise businesses. google topped estimates and rose more than 10% in after the hours trading. google's parent company, alphabet, authorized a stock buyback up to $5 billion. 10% gains and likely 10% gains almost for amazon. it posted a profit of $79 million or 17 cents a share. analysts were expecting a loss of 13 cents a share. amazon made $500 million more in revenue than the company anticipated. a lot of winners, cheryl. >> hillary clinton on capitol hill for nearly 11 hours as lawmakers grilled her about the 2012 terrorist attacks in libya. >> we're going to find the truth because there is no statute of limitations on the truth. >> issues related to security were rightly handled by the security professionals in the department. i did not see them, i did not approve them, i did not deny them. these issues would not ordinarily come be

emily: google is working on project loon and google fiber.t do you think of google's approach to connecting the world? mark: well, the thing is connecting everyone is going to be something that no single company can do by themselves. so i am really glad that they and a lot of other companies are working on this. internet.org is a partnership between a number of different technology companies and nonprofits and governments. there are folks who are doing things that they are contributing to internet.org. there are companies that are doing things that are separate. that is going to be necessary, right? i mean, there is a lot of technology that is going to need to be developed in order to build -- in order to tackle all three of those major barriers that i talked about. you know, technical, making it so that everyone has a network near them. affordability, so that way the network is efficient. and social, making it so that people have the content that they need in order to want to get online and consume all this. so i am very positive on it. emil

>> you see overall beat for google. remember this is new umbrella organization not necessarily breaking down the segments until the fourth quarter so we really don't have more information just yet where the company is going to be going, especially in terms of cutting costs. the ceo hasn't indicated they will do. we don't see so far there is dividend or stock repurchase. we're going through this filing right now, but overall you're seeing some pretty strong numbers. paid clicks over the same quarter, year-over-year, up 23%. so that is not so bad. we're also getting microsoft numbers if you want to talk about those. david: look, we have another earnings coming in also on tech front. microsoft, melissa. melissa: microsoft report first quarter results. ashley what numbers do you have there? >> microsoft on earnings per share, actual 67 cents. estimate was 59 pents. revenue also beat the estimate of 21.03. billion, microsoft cutting or segmenting their report into three areas, productivity and business, intelligent cloud as

have facebook and apple and google not been innovative enough?eter: as a society, i would argue we have not done as much as we could have. if you have had less innovations in energy and biotechnology, and not as many as we would like, transportation, it is not moving any faster. emily: one thing you would learn from entrepreneurs is don't copy mark zuckerberg and bill gates, why not? peter: mark zuckerberg won't be starting a social networking site, bill gates won't be starting an operating system, and so in some sense you cannot copy them because they did not copy somebody else. emily: you also suggest that they come up with one very important truth that very few people agree with you on. why is finding something nobody agrees with you on the best way to get somebody to believe any of? peter: i think great companies, they have a sense of mission. they have a sense of where a good investor has a patent and has good technology, and that is the best kind of investor to have. >> you say google is a monopoly? >> it is. they do not talk about the 98%

google will provide yahoo! with search ads. google will pay yahoo! a percentage of the gross revenue from ads on yahoo! properties. they're saying this is going to give the company greater flexibility when it comes to choosing suppliers of search results and ads. yahoo! reported 15 cents on revenue of 1.23 billion. analysts wanted to see 17 cents that's mobile video native and social ads jumping 45% to 422 million. that's important because those are the areas where the internet ad dollars are flowing. display revenue better than expected at 405 million. search though continuing to struggle. clocking in at 391 million down some 13%. as for guidance, light. yahoo! is saying to expect q-4 gross revenues 1.16 to 1.2 billion. analysts wanted to see 1.3 billion. i'm josh lipton in san francisco. >> we have been talking about food, restaurants. yum brands is gearing up to spin off it's china business after dealing with the world's most pop you lus market. yum china will become a separately publicly traded franchisee of yum brands and craig creed says the mo

everybody assumes that google will respond to apple pay with a google pay that will work the same wayith android. emily: google wallet has not worked out. why didn't it, and how optimistic are you that apple can get it right? mark: this is what is interesting about apple pay. apple pay is viewed by the payments industry as revolutionary, but it is the most consistent with the existing payment system of any of these new systems. it does not require -- what is surprising is how many things don't change with apple pay. you put in your credit card. emily: are you saying it's not that innovative? mark: it's innovative but in a way that's consistent with the status quo. [laughter] it is very clever. it's very -- i acknowledge what i just said. it's very clever. it is cleverly done. if everyone has a way to pay and all the merchants take it, then it is all great. but until you have universal acceptance on both sides, nobody uses it. it is a network effects problem. apple pay is cleverly calibrated to skip through that to be in alignment with the status quo of payments. credit card companies

google? >> yeah. i'm pretty sure. yeah, yeah google. >> he's breaking everybody's chops tonight. not just mine. >> he said amazon first and he met google. >>> and on thursday caterpillar and boeing. >> and dan, what do you choose. >> i choose caterpillar. we know that the farm land and the construction coming out of china is week. in terms of boeing it is an order book that is impressive. it is a stock prices in and trading at a multiple. i'm not sure it deserves these levels. i think it is vulnerable. if you ask me which stock to trade, i might be more opt to look at caterpillar. >> but you think the upside is in caterpillar, and i want to make that clear. >> that is what is tough about the game. it is more about one than the other. >> but the rules of the game as we've explained them to the traders are the better earnings. >> i haven't seen a copy of the bylaws. >> you signed them. >> on to biotech, bio gen and eli lilly. who will have the better earnings report. >> bio againgen and do the