google or amazon?n: gosh, there are three areas i am really excited about. one of them is a revolution in education. education is one of the largest parts of our economy and it is well positioned for improvement. emily: but there haven't been many multibillion dollar education companies. john: no, there haven't, but there will be. second, on demand services. yes, we are investors in uber. if you look at doordash, other devices, they are a remote control for the world. you can summon services and you can take friction out of all kinds of everyday activities. emily: it is interesting, chris sacca just told me he did not invest in those kinds of companies, because he thinks uber will do that. john: i spoke with travis before we made those investments, and i got a different sense. i'm not here to tell you what their strategy is. we were thoughtful about that. but the third area is explosive, what happens with these devices in emerging markets. now the next billion cell phone users are going to come from in

google? the next amazon? emily: you guys made a shakeup a couple of years ago, two dozen junior partners, only five were promoted and 19 were fired. or told to get an operating role at a company. you now have a partnership with six general partners and you guys are equals. how is this going and how strong do you feel the partnership is today? john: partnership is firing on all cylinders. it is better than i ever remember. emily: john, you have been there for 35 years, kleiner was one that got in early. it seems you are making later stage investments, is that of the fundamental shift in strategy? john: adding later stage investments is a strategic thing. early-stage venture capital from incubations to startups is the bread and butter of our business, but companies stay private longer than ever before and they are raising more capital, and we believe that if you are smart, if you are careful about the choices you make, you can earn six times on your money on twitter, or 11 times your money on lending club, whil

emily: the quest for the perfect playlist includes itunes radio, google music, amazon music -- how do you think about, who is my competition? tim: anybody who has a radio product, itunes radio when it came out definitely a direct competitor. when we think about our own future, it's really about how to we remain the best playlist building is this around? i think so far the numbers bear it out. we keep growing in spite of all this competition. what i think with apple is, never underestimate. never think you know what they are doing. it's a very smart company. emily: beats music will be relaunched this summer, maybe a new name. how worried are you about that? tim: what i've learned, i keep

apple, microsoft, google, amazon, silicon valley, it is all in that one little strip. that is like the population of romania.

apple, google, facebook, and amazon.u worry at all that any one of them could become too powerful? reid: yes, although not necessarily specifically each one of them, but more as a general system. but naturally when you have aggregation of platforms, you have to worry about leaving room for entrepreneurs, leaving room for innovation. i worry about that on a general basis. not on those specific four companies. i talked to all of the ceos of those companies. they are all like, look, we are trying to build great products and do great things. emily: richard branson has a private island. steve ballmer is buying a sports team. mark benioff gives a lot away. what do you do? with all of the money you have made? reid: most of it is still in linkedin stock. i am building the world with linkedin. i serve on a number of different nonprofit boards. like endeavor and do something. i try to finance projects that i think are interesting. emily: are we ever going to see you start something else? another company? reid: probably not. you kn

but google, amazon, they can be on the big game, and it is the single biggest american media stage, 150 million people watch it every year. >> how much is the network asking for 32nd -- 30 -- 32nd spot -- 30 second spot, probably 4.5 million, but if you're buying a single spot, only $30,000.>>> how do you know who is the winner after, is there consensus on the internet, the amount of tweets, how do we know? or how do you know? >> i look at two things, sales and longevity. the brady bunch takeoff was a great commercial, and it is still running. that tells me that that ad is selling the products and is still popular.>>> thank you for joining us, talking about commercials airing on the super bowl. >>> coming up on mornings on 2 the 9, two years and $20 million later, the grand reopening of the dolores park, and we will tell you about the new features, coming up. >>> welcome back to mornings on 2 the 9.>>> following the top stories coming out of san francisco, and we are at the hall of justice. this is a big week for san francisco. how are the first responders preparing for the big events.>

what is that 12, wanted to see tech leaderip outside of facebo, google, amazon. u have to get that spy sales reference. facebookrushed cebo crushed it after the ose. the leaderip remains narrow and the decline after hours in the stock of service nowhich safe in isoing to help the clcohort tomorrow, not at l. they will all get hit offir visnow. 13, i nted sentime tbe horrendous. theyere up and dn anthat brought out the bulls and timists. we are barely over sold. a wegoe weramatically overd. no cushion from that. there isn't the revulsion and disgust we felt this time last week. that's tooad. i guess it has to get ugh ily again beforeget to se er place. finalli was praying to see something, anything to sig any anay leadep than kroger or home depot. before t fed spoke we had a shot. kroger wast least higher. boomine is that we still have way too many ecked boxes,ay too man justhen we tught the fed could theob they let us down again. rch isn't ofthtable. we are back in a world of hu here in stocks until we can sidelines, don't g too excited when the market rallies. t

12, i wanted to see tech leadership outside of facebook, goog goog google, amazon. you have to get that soupy sales reference. facebook crushed it after the close. the leadership remains narrow and the decline after hours in the stock of service now which some people said we would be safe in is going to help the cloud cohort tomorrow, not at all. they will all get hit officer visnow. 13, i wanted sentiment to be horrendous. they were up and down and that brought out the bulls and optimists. we are barely over sold. a week ago we were dramatically over sold. no cushion from that. there isn't the revulsion and disgust we felt at this time last week. that's too bad. i guess it has to get ugh ily again before we get to a safe er place. finally i was praying to see something, anything to sig any anyway leadership than kroger or home depot. before the fed spoke we had a shot. kroger was at least higher. bottom line is that we still have way too many unchecked boxes, way too many. just when we thought the fed could do the job they let us down again. march isn't off the tab

net flex, google, amazon. all of those open at or near their highs of the day. that's the $1 last night kind of flavor. it's down $20 from its high. this is of the day. people are obviously using those as the piggy bank. they're tapping those saying let me get out of the way of what's going on here. you had, of course, the nuclear action last week whether it was hydrogen or atomic, judge. either way kim junk un is rattling the saber over there, and that's not good. you've got the inventories chshgs we talked about already both last week and this week. that's not good. you still have fisher out there saying four more, and i don't think the market is very happy about four more. >> the headline i had from you today is what you should be buying in the selloff. my question is maybe nothing. i don't know. what's wraur answer to that question? >> i'm not going to try to sound like pauliana here. let's look at the facts. the market is down 5% this year. we've had times in the past where it dropped 5% to 10%. the majority of those times, the market has a positive year. i

♪ emily: the quest for the perfect playlist includes itunes radio, google music, amazon music -- howyou think about, who is my competition? tim: anybody who has a radio product, itunes radio when it came out definitely a direct competitor. when we think about our own future, it's really about how to we remain the best playlist building is this around? i think so far the numbers bear it out. we keep growing in spite of all this competition. what i think with apple is, never underestimate. never think you know what they are doing. it's a very smart company. emily: beats music will be relaunched this summer, maybe a new name. how worried are you about that? tim: what i've learned, i keep learning this year after year, building a great playlist is fantastically hard to do. we find over time, more and more confidence in the differentiation you have. emily: did you ever meet steve jobs? did you talk to him about the future music? tim: i only said two words to him. we have the great honor of being on stage. they wanted pandora highlighted. myself and the ceo got to give an informative prese

spending -- the impact of amazon web services is not amazon beating microsoft or microsoft beating google. it is amazon and microsoft and google through their offerings in the crowd are crushing hewlett-packard, ibm, sun oracle certainly challenge there. you look at what happened to xerox today. that is all about the companies that don't need to hire for services anymore, that don't need to buy tons of hardware anymore. it has all changed. of apple, alphabet, amazon, microsoft and facebook, which stock is the one this year? paul: it has to be google. they are so dominant in so many categories and eager to be dominant in more. amazon is going to continue to see this earnings day volatility. story.is a sadder paul kedrosky, cory johnson, thank you both. news for the bad daily fantasy sports industry. according to "the new york times ," the company that handles a significant portion of transactions for fan duel and will quote,says it suspend all processing for payment transactions related to fantasy sports in the u.s. on february 29. acording to documents, representative says the arguments m

apple, microsoft, google, amazon, silicon valley, it is all in that one little strip. that is like the population of romania. it's a pretty outside influence for the size of the territory. it has been the staunchest ally in federal politics of yankeedom since it was established, but it dashes with the far western sections of the interior of its own home states -- clashes with the far western sections of the interior of its own home states. the next, this is the one place where i will admit that environment totally trumped ethnography. in this area, in the context of settlement and the technology available, it was so high, and dry, and remote, it stopped eastern nations in their tracks. with minor exceptions, it was only able to be colonized by the deployment of industrial scale resources. railroads, dance, irrigation systems-- dams, irrigation systems. we exploited it as an internal colony for the benefit of the rest of the nation's, in the far west people have been aware of this and resentful of this dependent status. if anger has been shifted back and forth through h

apple, microsoft, google, amazon, silicon valley, it is all in that one little strip. that is like the population of romania. it's a pretty outside influence for the size of the territory. it has been the staunchest ally in federal politics of yankeedom since it was established, but it dashes with the far western sections of the interior of its own home states -- clashes with the far western sections of the interior of its own home states. the next, this is the one place where i will admit that environment totally trumped ethnography. in this area, in the context of settlement and the technology available, it was so high, and dry, and remote, it stopped eastern nations in their tracks. with minor exceptions, it was only able to be colonized by the deployment of industrial scale resources. railroads, dams, irrigation systems. we exploited it as an internal colony for the benefit of the rest of the nation's, in the far west people have been aware of this and resentful of this dependent status. if anger has been shifted back and forth through history between being directe

i was saying google, now amazon -- now alphabet is cheap. not cheap, but if it comes down it's good. so you hate facebook? no. no. i'm respectful of what seems to happen when a stock goes up. which is that oil goes down midday and we say why did we buy mcdonald's up 1.80? i don't have a good answer for that. >> netflix getting heat from some of its competitors about its continued unwillingness to release ratings. it won't. it doesn't have interest in doing that. others at the networks, including our own, nbc, they say you keep making these huge statements, but you have nothing to back them up. >> i remember talking to costco, they said it's outrageous what amazon does, they lose money and do great. then one day they made a lot of money. >> walmart playing on a different field, really. what did you think of wall street closing the stores? >> interesting move. >> walmart did not do great. >> no but netflix and amazon are similar in that way. as long as they have the growth, subscription growth in netflix, the market will be kind. >> yes. i jus

we have three hotels focused on chief marketing officers on companies like google and amazon. there are new ad tech platforms to get your message out and they want to see and talk to each other and see the newest technology. it's a convergence marketplace and they are all business people. you have to be a businessperson to go. >> guest: following up on both the points you made when it comes to the public and their increasingly gap between the technology on display at ces in what consumers are doing and the ways they're using technology? they would suggest that some of these tvs you see in smart home technologies aren't the things sending up a consumer's homes after they are shown on display. >> guest: the company has put out products some of which will never go to market because it doesn't get a good reception from those who make a difference like investors and partners. but having said that there are tremendous things going on in the audio area. high-performance sound is back. ultra-hd is a grand slam home run and getting better with higher resolution phenomenal colors. every

the so-called stocks, facebook, amazon, netflix, google, the market has more downside than people perceive are talking about those issues. the amazons. the google. they could crater here. >> yes. they are, essentially, prized for perfection. i remember in 1973. these were stocks. nothing could go wrong with these companies. polaroid, kodak. 2012 and people said, these good companies. no prizes to hide. 80%. >> wow. all right. good news. good catching up with you, my friend. very influential market watcher. he has a lot of things right. a lot of trends right. these big run ups. as you know, hearing last year. we like to hear from them. we balanced it out. both sides. fox business network's version. there you go. my new year's gift to you. a selloff. a big one. you lose everything. more after this. ♪ . . . . . . neil: all right. we have a curious story out of saudi arabia. foreign minister saying the recent tiff between his country and iran, shutting embassies down, all the unrest will not affect political negotiations in syria where russia and iran are working in tandem with other players t

all four of them rose by 35% for the year, facebook, amazon, netflix and google's alphabet. net flick finished the highest in that group as well. you wondered how far down stocks would have finished without the help of those two. >> absolutely. i wonder if they can do it again. they were such fundamental stories last year. they've run up. the other tech name, the flip this year around a notable name missing from those fang outperformers was apple. the company snapping a six-year winning streak last year and closing 2015 down nearly 5% but that number doesn't tell the full story because apple shares hit an all-time high closing at $133 in february the same month the company was awed to the dow. from that point the stock dropped 22%. wiping out $57 billion in market cap. sarah, it still remains totally an iphone story for investors. >> we're looking at a premarket quote which shows that apple selling continues. down 1.7%. there are a lot of overseas concerns which are weighing on all dow futures. it was a brutal year for apple. the new apple watch, pay, tv. we have to see if t

would rather go to the dentist than listen to banks. 73% excited about the new offering from google, amazon, apple, paypal or square . it is going to happen and mill ebls will be driving us. questions also knowing it is all on your phone. is that a ligament concern. >> >> when you talk to technology exyou crazy? these mobile payment services are more secure than a credit card. it is the credit card that actually is a problem. and i thinks what if i lose my phone like the wallet. that is the big concern but the advantages are vast. security is better.obviously and for those who use we also have the speed and the merchants and it's cheaper than using credit cards. >> the banks have to respond to >> absolutely. this is where everything is going. but other financial saw fidelity acquire emoney advisor.utual acquired learn vest for $250 million. these are platforms that allow users to interact with their digitally. and it is not just checking your statements. it is how can i get my numbers run for my student loan balance. how can i get advice from not abut an algorithm. >> you mention millennial

the ll of these -- the level of these very big actors, verizon to china telecom or verizon to google or amazon or whatever, the transmission happens at a really sophisticated level, and so these giant, you could maybe think of them as these giant mighty rivers, like the mississippis of the internet. that data is transmitted using a protocol called bgp which was built a couple of decades ago now. but it turns out like all of this stuff it's, these are rivers that can be diverted if you mow what you're doing. -- if you know what you're doing. so there was a time a few years ago when all of this data from the united states suddenly and mysteriously suddenly all flowed through these giant computers in beijing. and that included a bunch of military data. now, it is certainly the case that most of the time when these crazy things happen online that it's an accident. it isn't like when giant, these giant rivers of data get moved around that people are leaving up signs that say, oh, yeah, this is the beijing -- this is the chinese government, we've just taken all your stuff or, hey, we're hackers, we'

amazon.. google and facebook. that's tonight's 'financial focus.' let's go to karla huelga and 'weather first.' . a series of low pressure systems will skirt the west coast starting tonight. throw some thick high level clouds over the west coast with moderate rain to california north into washington. las vegas will see some of the effects of that moisture but it'll only be in the form of high clouds. those clouds will work against the southwest flow to keep temperatures below normal, but will concede some progress and allow highs into the low 50s for the first time since christmas day. sunday will see even thicker high clouds and slightly warmer temperatures thanks to warm overnight lows and a steady flow of slightly warmer air in from the south. monday is where things change for the wetter - a weak low pressure system will miss vegas to the south but could toss enough moisture towards the city to spark off a few showers in the afternoon. that storm is the first in a line of storms headed towards southern nevada with models forecasting up to 1.25" o

. >> facebook, amazon, netflix, and google, now called alphabet, helped drive markets higher last yearw they're underperforming the major indices. so far 2016 amazon shares are down about 16%. with netflix, facebook and alphabet all down nearly 10%. all four underperforming the major indices. >> the setup to all of this was the dramatic outperformance in these four stocks, facebook, amazon, netflix, and google last year. why did that happen? in part because those four stocks underperformed in 2014. so there's almost like a cycle to them. >> last year netflix and amazon were the two best-performing stocks in the s&p 500. the only two stocks in the index to more than double. netflix gained 134%. amazon 118% last year. and mahamy says there's still a bull case for these stocks. >> if the market 10e8d off on china, oil, and terrorism, i mean, none of those three are really material issues. long-term sustainable material issues for these particular -- for the fang names. >> reporter: mahaney warns these fang stocks tend to be volatile but he still has a buy rating on all four companies as w

. -- facebook, amazon, netflix, and google -- yesterday these stocks were obliterated. they were gasping for air. the bear had sunk its teeth into their collective jugular. it was like sweet honey for the grizzly. as bruce springsteen taught us, you can't start a fire without a spark. when we left the office last night, i know we sure didn't have one. you know what i wanted to do? it was like the old days. i wanted to sip a bottle of cheap scotch on my dirty linoleum floor. when that closing bell rang, believe me, i would have. but the wife has me on this darn cleanse that would suck the life out of anyone, stuff with quinoa. i wonder, my spinach smoothie that now passes for dinner at the cramer household. anyway. before i settled into especially side five of "narcos," china was getting trashed as usual, and the now voting federal reserve member from st. louis was giving a speech on fed policy this morning. could there be a worse setup? my only solace, it had been years since we have been as deep as minus 8 on the s&p capital oscillator, something i follow and swear by.

sayingeard this whole thing, facebook, amazon google. this problemthat in the u.s. driven. facebook is not allowed. amazon has a small presence. neff looks is an there and google isn't there big -- isn't there. the -- these are for the top 722 bidders to the down move in the u.s. arerest of the -- these big of the top seven companies to move to the downside in the u.s.. the future looks like you get to see coupling in the chinese market. the u.s. have problems. rishaad: great. coming up, finding out why [indiscernible] ♪ rishaad: welcome back. the dairy market had a tough time last year. there likely to be more turmoil this year. fun terror ceo said demand will remain sluggish amid the -- fontera ceo said demand will -- in sluggish amid >> the weather is an important factor. we have seen some rain in new zealand but we still believe that it will stay behind way comes to milk production. so -6%. you see europe is slowing down because of capacity issues. is kindthe supply side of adapting to the new world of low prices. it will really depend again on demand. demand is

the googles, facebooks, amazons much the world.y are building more and more of their data centers and they want to have alternatives. a company like qualcomm is a natural partner for that. the other one is china. what's happening in china as china builds its cloud, what are they using to be a provider? one of the things that we have done with the business is that we have really positioned ourselves to be a more friendly business in hooin. >> we'll see how long it takes for those trends to materialize. thanks so much, steve. ceo of qualcomm for joining us. we are not done here. ceo of occulus will be coming up soon. carl, back to you. >> a lot to come from john at ces today and tomorrow. as we go to break, let's take a look at the dow where we're down 193. that's some le-month lows for the major indexes. talk about let's head out first three days have shaped up for the past few years. that's in a moment . >>> stocks continue to struggle even after europe closes. the one handle this morning. kayla, dow down 205 as we head into the ea

google. this is a company that is not amazon or facebook. this company has real earnings. >> it is expensive relative to the market multiple. if we are in this market, this makes me nervous here. >> it's only growing in the teens if that decelerates, it's i going to be expensive. >> google, trouble ahead. >> i don't think google is as expensive as dan says. it's hard to replicate what they are doing. i understand in terms of the market will move from apple to google. >> in terms of rates and cash. >>> still ahead, think stocks are cheap after this week's sell-off? think again. we'll give you the math that says the s&p is going to 1750. i'm melissa lee and you're watching "fast money." here is what's coming up. >>> i'm as mad as hell and i'm not going to take this any more. >> that's how investors in energy stocks feel because a top analyst says oil could triple in the next year and he'll tell us what the bears are missing. >>> plus -- the world's biggest bull tom lee says there are three dow stocks that are screaming buy right now. >>> he'll

stocks like amazon, google's facebook contributed to the drop. >>> police in italy have a suspect in murder of a florida native ashley olson. according to cnn investigators identified the person through street surveillance video. serious emergency. imagine the water coming out of your faucets in your house making you and your family sick. school children are being tested for lead as flint deals with a toxic level crisis. volunteers and state troopers are going door-to-door giving people safe bottled water to drink. michigan's governor is getting criticism for how he is handling the emergency. he said his team didn't know about the problem until october. e-mails show the state might have known months earlier. >> it has been difficult. my kids have been getting sick. >> department of justice is investigating. a texas family lost everything in a tornado two weeks ago. their home destroyed. despite not being a house or any appliances, they still got a huge bill from the electric company. the family were out of the country when the tornado hit. once they got back they went into recovery m

emily: at the same time, netflix is seeing more competition from companies like amazon and google.ow long can netflix maintain the nice head start that it has? >> it depends on how long it keeps spending the amount of money it is spending. there was a tour for television critics over the weekend where they talked about upcoming shows. one smart executive said he loses out on some shows because netflix is willing to spend more than they are. you also hear from creative people in los angeles that netflix spends more than amazon and google. if netflix is able to keep spending at this rate, they will probably keep apace of or ahead of these other people. if at a certain point they have to rain that in, then it becomes more challenging. emily: andre, what data do you have around these competitors? how many people are watching amazon video-on-demand, hulu, and how does it compare to hbo? andre: in terms of looking at how people are sharing hbo content versus netflix and amazon, not just in the united states but also internationally, it doesn't matter if amazon content is getting a lot of

whole area of the show, three hotels focused on chief marketing officers and companies like google and amazon because they are new ad tech marketing applications to get your message out. so it's a convergence marketplace, and those are all consumers, but they're all business people, and you have to be a business person to go. >> just following up on both of those points that you made. first, when it comes to the public, is there increasingly a gap between the technology on display at ces and what consumers are doing, the things that they're buying? if you read a lot of tech blogs, they would suggest some of these tvs that you see, some of these smart home technologies aren't the things that are ending up in consumers' homes maybe a year or two after they're shown on display at ces. >> guest: well, that's what ces is. in a sense, companies put out products some of which will never go to market because it does not get a good reception from media, retailers, investors and partners. but having said that, there are tremendous things going on in the video display and the audio area. high performanc

the nasdaq home to so many of those momentum names like facebook, amazon and google.ere names where people betting on stocks rising and that would continue to be the case. that story really had to do with biotech, making a stunning comeback today, crossing into positive territory and off the highs of the session nonetheless. biotech was so beaten up that you expect it's due for some kind of snapback. take a look at philadelphia stocks -- definitely came back to gains today even with other parts of the tech sector related to hardware, you can see the gains 1%, sot two thirds of semi-conductors have recovered quite well. scarlet: let's stay with the tech sector because during this water selloff, we did see one and that was twitter. at one point, twitter shares sparked as much as 14% on speculation of takeover by news corp.. news corp. has since shot that down saying it is not interested . but if it is a takeover target, who would it be? uply: twitter ended the day 4% but after hitting an all-time low yesterday. joining me now is our bloomberg andributing editor and a ve