hewlett-packard keep playing off more people?it meg whitman make more money the more it she restructures? pay.t boosts here is a cory johnson found. isthe one-timer structuring going to take more time with more layoffs and it could all help meg whitman make more. attructuring cost estimated three point $6 billion in 2012 4.1 billiond to dollars, half a billion dollars more and 29,000 layoffs turned into 50,000. what is restructuring? let's take a look at business as usual. you have a new idea. you hire somebody to build it. maybe it becomes obsolete. maybe it fails. you shut down the project. it suggests the shutting down of the project and the laying off of the someone really does not count. that is how the accounting works. up, but the restructuring goes down here. that is the bottom line. that is what the shareholders get. the more cost the company to move from here down to hear, the bigger adjusted profit. then there is the bonus question. meg whitman has received $50 million, a $4 million bonus last year. hewlett-packard has

hewlett-packard is not alone in this practice.ny is notable for restructuring costs that have extended for years and years. it's as popular as it is shocking -- the director of "game of thrones" is here next to give some hints about the upcoming season finale. ♪ >> welcome back to the best of "bloomberg west." i am cory johnson. the battle of castle black may be the biggest set piece in the "game of thrones" history. this weekend, the season finale could be the best episode yet. we spoke with one of the directors of the show. what is it like directing "games of thrones?" and what we might expect from the final episode of season 4. >> you can't compare it to another show starting with the fact that it shoots on three continents and you are prepping on three continents. the entire season is written in advance. you have all the material for the season when you start. you can be very firm in the storytelling. you are not usually able to do that in television. instead of eight characters there are 40. it is hard to compare to anything

but one company that's still shedding jobs, lots of them, is technology pioneer hewlett- packard.that's part of the strategy of meg whitman, the c.e.o. hired to save the company. whitman was once the global marketing manager for mr. potato head. but after her days in the toy t hasbro, she went on to grow e-bay into a giant, bought skype, and spent $144 million of her own money running for governor of california, an investment she lost. can whitman assemble a happy face now for h.p.? anthony mason met her in palo alto. >> reporter: right here? when she took over hewlett- packard nearly three years ago, meg whitman literally tore down the executive walls. >> so have a seat. we'll have a meeting. >> reporter: so did you-- did you move everybody out into cubicles? >> i did. >> reporter: why? >> so when i got here, this whole area was wood-paneled offices with very formal-- it looked like a bank in many ways. and i said, okay, i, for ten years at e-bay, sat in cubicles exactly like this, and the interaction that happens is amazing. >> reporter: the 57-year-old c.e.o. who took e-bay fro

hewlett-packard plans to cut another 50,000 jobs.t everyone at hp is feeling the pain of restructuring. meg whitman's bonuses boosted in the midst of a tough turnaround. ♪ >> welcome back. i'm emily chang. why does hewlett-packard keep restructuring and laying off more people? is it possible that meg whitman takes more money the more she restructures people out of her jobs? how restructuring boosts executive pay. >> hewlett-packard has announced a one-time restructuring, with more layoffs. it could all help ceo meg whitman make more. a restructuring cost estimated at $3.6 billion in 2012 has balooned to $1 billion more. 29,000 layoffs, $50,000. what is restructuring? structuring is the cost of building a business. you have a new idea and you hire someone to build it. maybe it is awesome. but maybe it becomes obsolete or it failed. you shut down the project. and lay off someone. that is business, right? when a company restructures, it suggests that laying off someone and shutting down the project is one time. that is how the accountin

hewlett-packard has seen met -- and net profits fall.turing will cost 50,000 people their jobs. you wonder, how does a company seeking to cut cost raise bonuses? buried in hp is a lot to note. a quarter of for annual -- the bottom line is not the definition. meg whitman can move from here and done to hear and the bigger the non-gap profit and the bonus. the bigger the layoffs, the bigger meg whitman can cash in. until the businesses revived, with every restructuring, it improves the structure of the ceo's pay package. now -- >> joining me now with more on this, cory johnson. how has hp responded? have they responded? they came back with a response. they defend their bonus program. they said, our compensation program is based on numerous factors. defining earnings in the bottom , what is the bottom line indeed? hp has paid restructuring charges every one of the last 20 four quarters going back although the way to the first haveer of 2008 read they been restructuring and restructuring through many ceos, including every ceo -- quarter under

motorolanies are solutions, caterpillar, and hewlett-packard. value of presbyterian holdings in the companies is about 20 $1 million. according to the church, the companies profit from israeli occupation of palestinian land by selling bulldozers, andeillance technology, other similar products. the decision by the presbyterian church usa to divest passed by 310 to three under three, making it the largest religious group to vote for divestment. two years ago, the assembly rejected a similar divestment proposal by two votes. the vote also supported interfaith cooperation, the right of israel to exist, and a two state solution. to talk about the significance, we are joined by two guests. in cleveland, ohio, dr. nahida gordon is professor emerita at case western reserve the, a palestinian-american born in jerusalem before 1948. she's a presbyterian and a member of the steering committee of the israel-palestine mission network in the presbyterian church usa in san francisco, rabbi alissa wise is with us, director of organizing at jewish voice for peac

hewlett packard is up 3.7%. microsoft shares are up 2.5%, roughly.last couple of quarters has says we're seeing more signs of stability and strength on the corporate side of pcs. >> yeah. people bet against the pc market a little bit more than a year ago. there's a lot of inventory out there. and so, you know, intel and others didn't benefit from that because inventories were being brought down as people and companies bought pcs. now those inventories still low. any up side you get, people surprised about the strength of the corporate pc mc. that's going to go right to the top line and that's part of what we're seeing here. there's not a lot of slack. >> but the big picture here is that semi condishths should be a lead indicator, the capital sxens expenditure through the economy. that's why people were buying them in anticipation that this was a shining point. in your view, just the windows xp caveat negates the fact that this could be a lead indicator for the rest of the economy? >> we don't know enough yet is what i'm saying. and in the past quarte

the machine from hewlett-packard labs.reat to see you, thank you very much. >> thank you so much, liz be at liz: chief technology officer of hp unveiling the machine and concept first on fox business. he is now gone before huge crowd to do the same, but you got it first. could be a trojan horse for an all-out assault on the u.s. e-commerce market. we will tell you why a brand-new shopping network launched today could be just the beginning of alibaba u.s. innovation as it gets ready for the massive ipo expected in early august as charlie gasparino was the first to tell you. wall streewall street's very owr mario here to weigh in on everything from that little turmoil in the republican party and does it even matter when he is picking stocks? the merger mania on wall street to what is next for the market. mario coming up. predicting the future is a pretty difficult thing to do. but, manufacturing in the united states means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their jo

our guest is the former chief executive officer of hewlett-packard.k o friend, the head of bloomberg politics. >> we have a lot today. overnight, prime minister shinzo abe declared inflation dead. we are looking for other lower revision of first-quarter gdp, to -1.8%. we will also have durable goods orders, the measure of consumer demand and capital goods orders, at 9:45 we get the u.s. market purchasing managers index and in earnings before the bell, general mills. >> general mills reporting earnings-per-share of 6.7%, but the numbers they did report include a nine percent charge on the venezuelan valuation. for your sales in the mid-single digits of revenue growth -- full-year earnings per high single-digit growth. they will bring out more when it comes to the bottom line. >> here we are, six years after the crisis and companies are still finding a way to improve margins. employees, i always thought more. >> at general mills? >> do they make cheerios, i can't remember. >> these are good for your heart because they lower cholesterol. >> news that you

that's forcing computer companies such as hewlett-packard to get creative. >> reporter: in las vegas this month hewlett-packard meg whitman announced a bold future. >> this changes everything. >> reporter: a dramatic redesign of computing h.p. calls the machine. what will h.p. be able to do? >> it will be able to compute much faster with huge amounts of data and it will also take up a lot less space and pull a lot less energy. >> reporter: managing the explosion of data is literally sucking up the world's energy supply. >> the estimates are it could take up 25% to 35% of the world ee data centers, up from 2% to 3% today. >> reporter: hewlett-packard is working to use light instead of copper wires and whitman is putting three-quarters of the company's lab team on the project. >> that's a big bet. >> it's a big bet. we're taking a lot of chips, in las vegas analogy, and putting it on red. >> how big is this in terms of cost? >> it will depend on time but it's thousands of dollars. >> years ago in a palo alto garage, h.p.'s growth has stagnated as they shifted from computer devices to c

it took hewlett-packard and others up along with it. all this was about pc demand.ople who use these things, still need pcs, not just smartphones and tablets t was a role back what happened to microsoft. intel benefits and rest of the group did as well. adam: enat the, what is captain kirk up to? priceline paying for open table. >> open table's stock was up 48% above the premium they paid. names in the group, groupon, grubhub, saw a jump. everybody wonders are they going to be taken over? liz: don't forget google bought the gap which in that space. retail is in play when it comes to chatter outperforming 20%. >> sycamore shows an interest. 9.9% stake. they are looking at company and maybe start to move forward with a buyout offer of some sort. we'll see. [closing bell ringing] liz: take a deep breath. you say the bells close out the market for this friday, after past 4hours from major news flow from the middle east and specifically iraq. let's look to see how stocks finished up. dow jones industrials, s&p, nasdaq, russell all seeing gains. dow up 37 points. russell

in 2011 reuters reported that the company rejected a bid from hewlett-packard -- now reuters reported2011, they reported they rejected a bid for 35, $36, $37, $38, because they figured they could do perhaps a better job themselves. they were holding out for something more. the stock subsequently, is not $38, it's at $20. so you have a board of directors, with a lot of potential liability here, a lot of people sort of shining a spotlight on it now, very smart people. what's going to happen? keep your eyes on this one? i don't put green flags on stocks very often. >> it's the first green flag i have ever seen from you, herb, but thank you very much for joining us. >> sure. >>> a special father's day edition is coming up. kelly evans is joining us. you have some special guests? >> everybody who's watching, grab a chair, pull it up. 4:00 to 5:00, we have a great hour coming up in honor of father's day, bill miller iii and bill miller iv, leon coupe areman and his son wayne, and we're going to talk about the holdings that they have are the most controversial and widely followed, including

hewlett-packard said respecting human rights is a core value, and is embedded in the way we do business. >> reporter: a day earlier the church reversed its position on gay marriage vote to go redefine marriage and allow ministers to perform same-sex marriage. a vote that still needs to be ratified by the majority of presbyterian churches proving this is not the presbyterian church of yesterdayer year. >> pope francis condemning mob violence after comforting the father of a three-year-old boy who was killed in a mafia ambush. he went to the strongholds of one of italy's crime groups. >> the pope has taken his message into the eart the heart of mafia territory and has visited a prison here where members of organized crime gangs are being held. he has told them to repent. repent or in his words they will go to hell. those are very strong words from the pope. he hopes it marks a turning point because it was not so long ago here that a three-year-old was killed in a shootout, a mafia shoot out and i think everyone senses it was a moment too far. perhaps the pope also feels that this is the r

at an annual convention in detroit yesterday, they voted to sell shaours in hewlett-packard, motorola. the israeli embassy in washington called the vote shameful in a statement on its facebook page. >>> ptsd continues to lag. the report says last year just more than 50% of those with the disorder received the recommended treatment. far below the department of veteran affairs target of 67%. estimates are that about 1 in 12 service members who served in the wars in afghanistan and iraq may have ptsd. according to the latest accounting in 2012, the department of defense and the v.a. spent a total of more than $3 billion treating the disorder. >>> and the chemist who invented kevlar has died. stephanie was described as a pioneer for women in science by her former employer dupont. she created kevlar in the mid-1960s. it's been used in bullet-proof vests since the '70s and believed to save the lives of thousands of police officers and american troops in the years since. stephanie was 90. since. she was 90. >>> the latest on the stu >>> to analyze the latest on the situation in iraq, gideon

i prefer the cheaper, older tech names like intel, hewlett-packard.ut i know many can't resist these stocks and can't wait to see if they go lower. i'll fully cover red hat. rite aid reports thursday. the last thing we heard from the company was the unpleasant surprise about some issues involving the prices it pays for the drugs it sells. i've liked rite aid for ages since $3. i continue to think it's a buy. but it sure would help if the company gave us a more color about what went wrong because the stock still hasn't really found its footing since the negative news broke. if you haven't bought it yet, you wait until the quarter before you pull the trigger? we're going to get results from kroger kr, too. typically in the food space, and i think there's a ton of activity coming, my friend and colleague david faber from "squawk on the street" confirmed same this morning. kroger might comment on the consolidation, and that could get us on the hunt for more takeover names in the supermarket aisles. i also hope kroger can give us a read on organic and natu

leaders including monty moran, president of the ford foundation, darren walker, former ceo of hewlett-packard, now a global ambassador of opportunity international, carly fiorina, and also founder and executive director of the freelancers union, sarah horowitz. we discussed issues like income inequality, low wages, economic mobility, and we will bring you that special panel discussion. >> i'm interested in talking to all of you about some of the worries we have about this economy and the role of government in being a partner in meeting some of the challenges. i wanted to start, we came across this picture which i think might be a startling example of government overreach. we're going to put that on the screen for everybody to look at. now, monty, this is at chipotle, and -- >> it's an outwrarage. >> by all accounts, that's a foul, is it not? >> it's outrageous. we just can't accept that. >> my boys would not do that. way back, now you're like a model, but way back in the day when you used to go to mcdonald's, you were never guilty of an egregious act like that, were you? >> i was trying to th

. >> oracle, cisco, ibm, hewlett-packard, in norma's companies and technology seeing falling revenueste billions of dollars -- in norma's companies seeing falling revenue. >> the ones that are really substantial are few in number. naturally, you get this bidding war. the thing that was uber wasabout fidelity was the largest investor. there was a time when they started a private car business, boston coach. they had that category really well. i'm sitting here thinking to myself they think this thing is worth $18 billion, whatever the number is. i'm just scratching my head thinking there may be something going on that's different. today is the uber next ordinary opportunity but with big changes required. >> at the next big things conference on monday, or tuesday morning, i sit down with a bunch of big venture capitalists and investment bankers. they were saying fidelity and t. rowe price, where you worked once upon a time -- >> i remember it fondly. >> they have analysts who really know these businesses and they bring the analyst to these private companies saying here is what me know abo

. >> hewlett-packard has announced a one-time restructuring, a little more time with more cuts and morethey could all help ceo meg whitman make more. $3.6 billion in 2012 has ballooned to 4.1 billion dollars. that is half $1 billion more, and 29,000 layoffs. but what is restructuring? look atke a structuring. structuring is the cost of building a business. you have a new idea, you hire someone to build it, maybe it is awesome. but maybe it becomes obsolete. maybe it fails. so you shut down the project and you lay off someone. that is business, right? but restructuring? when a company restructures, it suggests that the setting on a project and laying off the someone is one time and does not count. that is how the accounting work. sales go up, leaving a non-gap profit, but the restructuring goes down here. that is the bottom line bottom line, that is what the shareholders get. but the more cost the company can move from here down to here, the bigger the adjusted profit. and there is the bonus question. in the last three years, meg whitman has received $50 million, a $4 million bonus last

hewlett-packard, but the reconstruction has gone on and on.ggling with the -- theying, sell sales force will send you smaller and smaller and we will slow some in there and you can physically build as well as software builds. a very different approach. >> this is a deal we will continue to follow. close to buying is for $5 billion, their biggest acquisition and micros systems, which they bought for $5.7 billion. thank you for joining us on this edition of "bloomberg west" and we will you later. ♪ . ♪ bloomberg world headquarters in new york, i am mark crumpton. the is "bottom line," intersection of business and economics with the main street perspective. deal toets closer to a buy micros systems, and the senate involve conflict of interest in high-frequency trading, and homebuilders great ground on one million comes up for a second month. welcome to our viewers here in the united states and those of you joining us from around the world. welcome. we have full coverage of the stocks and stories making coverage today.

. >> caterpillar said: >> hewlett-packard said: >> it's opponents say it would increase pressure on israel to come to the table. >>> today the church voted on same-sex marriage a vote that still need to be ratified by the majority of presbyterian churches proving this is not the staunchy church of yesteryear. >> coming up next on al jazeera, preserving art. why is it such a hard task. we report from katmandu. >>> and hamilton in sunday's australian grand prix. america mobile app, available for your apple and android mobile device. download it now >> now a giant sinkhole near one of the world cup stadium has been hit by record rainfall this week. about 150 families living on the edge have been evacuated and more may have to move. >>> so holes opening up in the streets of brazil, but what about in the iranian defense. let's go to doha with the sports. it's looking pretty crated. >> reporter: it is now but for a long time it wasn't with iran putting up a battle for the argentinians. but with messi giving the win, but in a does not begin to tell half the story of this match. it was expected to

getting a huge contract win, will take a contract win from hewlett-packard. when the stock does nothing, you might think, wow you've just been given a wonderful chance to buy. nope, the stocks are right now to react and you're wrong if you think it's an opportunity. i know, that's because you look at them and are thinking it should. that's because sometimes the only thing that does move a stock is the quarterly earnings report itself. i learned this the real hard why when el you go frustrated with deere. they put out press release, including the good news, lots of new big equipment purchases. i was salivating. we got crop report after crop report, i couldn't believe the stock hadn't moved yet. what a great moment to buy. sure enough, when you company reported, the quarter was terrific, but deere is a famously cautious company or maybe i should say infamously cautious, so even when things are good, the management and often simply stresses the negatives, it is amazing. deere failed to turn all that good news into the profits we expected. saying the good news mi

. >> and we have seen some big tech companies, too, oracle, cisco, ibm, hewlett-packard, enormous technologyes with falling organic revenue. >> let's forget the funny ones for a minute. apply those that have real growth, those that are really substantial. they are few in number. naturally, you get this bidding war. the thing that was amazing about was that fidelity was the largest investor in that financing. what was her market was not just that fidelity was a public market player -- what was remarkable was not just that fidelity was a public market player, but they know the category really well. i'm thinking to myself, holy moly. they think this is worth $17 billion, whatever the number is. i'm scratching my head thinking to myself, there may be something going on a fidelity that they see and i don't. today is ann uber extraordinary opportunity, but with some big changes required to fully realize it. >> at our next big conference on monday, were actually tuesday morning, i have a sit down with a bunch of big enter capitalists and investment makers. they were saying that fidelity and the inv

a group says apple, google, hewlett-packard, chevron and intel are some of the companies storing theost profits over seas. apple is the company with the most money off shore. $111billion. the u.s. public interest research group says companies avoid paying $90 billion in taxes every year. >> that means hire taxes, facing cuts to public programs. >> and it is all perfectly legal due to loopholes in the tax code but so far bills to close the loopholes have gone nowhere on capitol hill. >>> protect yourself is what american express is saying after a new data breach. notifying 76,000 card holders in california that their personal information may have been broached. the data includes names and account numbers. it blames announcemous ukraine. they are in-- anonymous ukraine. they are advising to check credit records. >>> the stabbing death of his mother, police say the 24-year- old stabbed his mother dozens of times at her apartment last august. investigators say he went to san francisco where he was shot during a confrontation with police. legal proceedings in the case have been delayed wh

we are also watching hewlett-packard. dow component. a widely held stock coming up.world. director of hp is going to unveil its next weapon. it has a very interesting name. it is called the machine. killing it when it comes to research and development. we have the ceo of electronic monitoring. he is coming on. ea. the gaming that everyone is talking about. no more battlefields. all kinds of games. talking to fox business about that package software. are people buying it? stay tuned. we will see you at the top of the hour. melissa: the most influential people of all time. basically, we have a 70% chance. sorry, your princess is in another castle. nintendo's new plan to get us back into the game. at the end of the day, it is all about money. ♪ all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. si

and i've seen the companies come back before, more importantly ibm on the ropes more recently, hewlett-packard, but for a lot of the names, the jury is out. kate, got to go to you. you were upbeat about blackberry, did you hear anything that makes you think this company turned it around? >> no. i said i was watching them, i never said something good was going to happen. the stock did look great. charles: hey, take kate off the shoutout black board, erase the name! we got a shoutout black board in the audience. >> one thing, the hardware has failed to evolve. blackberry was the leader as far as enterprise go and corporate culture used blackberries. by 2018 there is going to be one billion byod, bring your own devices. charles: after that, whatsapp deal, that reinvigorated people thinking there's a nugget we are missing. >> blackberry was huge globally, they cut on 40% of workforce. they are in the too big to fail bucket. charles: stopped them from selling assets to china. >> a lot invested in their success in the future. charles: there is, but i've got to tell you, i don't want to digress, reme

. >> hewlett packard has a great run. smack in the middle is a name like emc. if you look at if stock, it's gone sideways for the last three years. emc at $26.5 dollars. is the stock compelling at these levels? >> i think so, we do that at a strong rating on emc. enterprise infrastructure is going through a massive change now. people want to decouple. they want to remove an integrated compliance want they want to go to a software only model. i think emc is going to be the one company that actually accelerates this move. i think they will do it successfully. i think the proof will be in higher gross margins. if we see that, i think emc will break out to a new 13-year high. if that happens, i think the stock will be pretty attractive. when you back out that ownership stake the emc stub is extremely cheap, basically, it trades four times free cash flow based on our math. that's an interesting deal in our view. >> thank you, brian, for coming back. let's go back to the apple question, what do you think this makes for amazon. >> i think exclusive with at&t, what is

we look at microsoft, also google, which makes the android operating system, hewlett-packard which makes devices of its own. sony and blackberry all moving lower except for possibly sony. today is apple's day. >>> we'll be keeping track. >> terrific, dom. i know you're on the case for us. >>> apple's stock split takes effect today, but what does that really mean? seema has more. >> there are three dates to keep in mind. today is a record today. if you own the stock today, you will get 7 new shares for each one you hold. shareholders will getting their newly split shares this friday after the bell. next monday is the next date when apple begins trading actual new his split charge. if apple is trading at 630 presplit, the investors will have shares trading at sdwlr 90 post split. each time the stock has fallen 3% to 6% in the month after the first, but since the first to give you some perspective, the stock as soared about 6,000%. wheel it opens the pool to a larger group of investors, scott kessler says this should not have a material impact on the stock, and given the run-up in shares, i

. >>> being news, hewlett-packard and its shareholders have reportedly settled a lawsuit over the autonomy software acquisition. the deal is said to drop all claims against meg whitman and board members while it consolidates efforts to hold account and they have spiked in terms of volume on that reuters report coming out, but the stock price has not move appreciably. it took a charge just last year. >>> back over to you. so what can investoring expect in the second half of the trading year? josh lipton has some predictions. >>> here's what to watch for in the tech sector in the second half. there are nearly 2 billion smartphone users in the world, you might have a few more options when deciding what your next device should be. amazon will ship its new phone on july 25th, and apple is expected to launch its new smartphone in the fall. tech companies could deliver more devices and services to track your health. apple just launched a new app. called health. the tech titans move in this area could motivate areas to jump into the space ago well. analysts think they'll see a large venter looking

with that we're seeing intel at highs we haven't seen for 10 years as well as hewlett-packard, a highhere as well. so we've been seeing a lot of technology stocks in particular, melissa, doing very well. financials too, impressive runs today. back to you. melissa: nicole, thanks so much. the good news if you couldn't find a date to the junior high dance, a new study suggests while the incrowd was playing spin the bottom he, you were securing a successful future. researchers find the cool kids at age 13 were more likely to run into problems later in life. here now members of our own popular clique, james freeman and capitalist pig's jonathan hoenig, a fox news contributor. jonathan, you strike me as someone incredibly popular when you were 13 years old. am i right about that? >> not at all. uncool kids. melissa: stop it. >> indeed, melissa. but the bullies, the last laugh is on them. you can't expect some people to know that being a bully isn't a good thing. they're irrational. but you grow up. you start to realize your brain, your ideas that matter. not pure braun or your fists. that

hewlett-packard beat on their pc business. and lenovo also. it's -- data points that are getting better. i side with jim. >> you can talk all you want. >> it's okay. like i have -- >> i give up. father's here. i give up. >> you're killing me. tell us who you think won the debate. tweet us at cnbc fast money. use the #bull or #bear. >>> debating stocks is nothing new to stephanie. she got the investing bug when she went to her dad's office at 5 years old. let's welcome in her dad. >> thank you for having me. >> what do you think of your daughter here? >> very special lady. >> what's the best lesson you have learned from your dad? >> well, investing point, he told me when i graduated college and i got my first job, take your check and take $100 if you can every month, and invest it in the market. in the s&p index fund. and all of my friends were spending money going to the bars, buying clothes. it was really hard that money. but i built a little nest egg. it's something that -- my husband and i still have that account. >> just to be clear, you -

you're allowed read the hewlett-packard front and back and calmly have could have peas you hit rerequirementyou're now the urn around buy. does ha call you with another opportunity to urn something around? >> liz, an interesting question. i really am focused on orderly transition of ford. we have a great leader of mark fields. that is one of the best leadership teams. we'll finish the transition and july 2nd after i graduate pro ford, then i will really start thinking about another opportunity to serve. liz: you're sitting home, hypothetical question, two phone lines are ringing. caller i.d. shows jcpenney on one, sears on an another, which one do you answer first? >> i am really looking forward to thinking out after he retire in july. liz: finally for nearly eight years you have had 100,000 plus employees, that you needed to care about. you've also had your own five children that you have raised. everybody has working moms, how do you balance it, how do you do it. how do you balance the demands of ford motor company through a very difficult time and raising five children to be good people.

reminds me of what was going on between dell and hewlett packard bidding for the tech play., then i would certainly be out in a hurry, judge. i wouldn't wait for the ink to dry on that check. >> all right, coming up, a few months ago mike was bullish on bank of america, down 6% since then, changing his tune? we're going to find out when we come back. ♪ >>> all right, not so fast, mike murphy. traders are quick, but not always right. mike made a bullish call on bank of america recently. let's listen to that. >> if you want to be in a bank, i think bank of america gives you some of the best bang for your buck. >> well, stock is down 5% since then. you still like it? >> i do. i'm getting better at this game. because fast fire at 5% i think is not so bad. but in all seriousness, i like the banks in general. but i haven't -- i don't own bank of america right now. but i will own bank of america. i am long city. and i'm also looking at -- the news out of goldman sachs today is interesting too. the banks have underperformed. they haven't done what you wanted them to do in the last f

that is the flexible foldable touch-screen, i saw that at hewlett-packard in their lab.is washington putting the brakes on the auto industry just as it is getting going despite stellar sales numbers for may? we'll find out when we come back. what super poligrip does for me is it keeps the food out. before those little pieces would get in between my dentures and my gum and it was uncomfortable. [ male announcer ] just a few dabs is clinically proven to seal out more food particles. [ corrine ] super poligrip is part of my life now. david: car regulations, did you realize they're costing the american economy more than $10 billion a year in lost sales and employment? liz: fox news's doug mckelway is live from d.c. with the story. doug, these regulations affects price, look, design, engineering, i guess in ways buyers don't often seem to notice. >> in fact there are new car regulations not only here but europe and japan that affect lives here. since american carmakers sell in those country it is affects u.s. designs. it requires the hood of a car to be three inches higher th

finally, the significance of the presbyterian church divesting from three companies -- motorola, hewlett-packardcaterpillar -- that were doing business in the occupied territories? >> finally, a word of good news. this is an indication of the massive shift in discourse in this country and around the world on the question of recognition of the illegality and for the churches are especially, the immorality of israel's occupation. this was a long fought decision in the presbyterian church. two years ago they narrowly defeated a motion, although they passed a powerful motion to boycott settlement produced goods, they narrowly defeated a very similar motion on divesting from these corporations that are making such an illegal profit from occupation. and they now have said, we can't do this anymore. we have tried to engage with these companies and show them the error of their ways, if you will, and that not listen to us so we have no choice because as ith committed he, it is our obligation to act on our faith. it is one more indication that divestmentott initiated in 2005 as having an enormous impact.

hewlett-packard and other traditional data storage providers are tlerdenned by a number of the cnbc's destructor 50 including pure storage, offering more efficient servers and drop box, expanding its cloud storage focus on corporate clients. the start-ups don't have to sacrifice current kucht mers using older storage solutions, giving them a head start against old tech. amazon under fire from all angles. the e-commerce retail rivers, and amazon's data services compete with our storage disrupters as well as data based disrupter mongo db. amazon's payments biz in the same cat gore and start-up stripe, and the big financial firms like schwab and jpmorgan could be vol nurable to companies like motif investing and personal capital. replacing brokers and financial advisers with data analysis and algorithms at a fraction of the cost. but it's worth noting that many of the banks also see an opportunity here. several of them are investing in these companies that take aim at their core businesses. for a look at the entire list and which companies they're disrupting go to disrupter 50.c nbc.com.

but throw in the microsofts and hewlett-packards, even intel, they moved in to mobile, but you look at all these various levels moving to the up side and i think when you look at the markets, the fact that question are so low volatility, if there is something that has been shocking over the second quarter, we have stayed this this very tight, very low volatility range. but it's been giving you a great opportunity to stay in the market, buy some protection, hold on to your gains and get that extra 60, 70, 80 points. >> feel will more willing to be long because protection is so inexpensive. they can afford to stay long in the market. >> i think the biggest surprise is that we were so disappointing, so weak in the first quarter, to see that negative print last week was pretty shocking. a lot of that has one off. i'm encouraged we're seeing better economic data even today. chicago pmi number and housing permits number were pretty good. i think the second half of the year sets up pretty well for a recovery in the u.s.. so you want to own cyclical, you want to own technology and industrials.

ibm and hewlett-packard are down. the question is can this trend hold? be the deciding factor. if you're looking for a big bright spot, blackberry shares continue to rally and investors encouraged by their recent earnings report saying a recovery is still far away. as far as the big tech winners for the weekend. sandisk another winner. guys, back over to you. >> of course we had both ceos. >> yes, i was going to say between blackberry and amazon, the reports on t mobile, the financing is getting close. >> and, citron stock is spiking. >> at a meeting with instagram ceo, kanye offered why don't you let us redo instagram. what's his vision? your answers are next. again, watching the markets, the dow up. ♪ ♪ over 1.2 billion eyeballs are on us during the two weeks at wimbledon. true tennis fans want to know what's happening, they don't want to just see what's happening, they want to know and understand why it's happening. anybody can just put data up, but we want to get a reaction, make it far more interactive. we rely on the cloud to provide that immersive

microsoft a big one and also hewlett-packard which you have been in, grasso. >> if you thought it was the death of the pc, all of this was such old news and you watch that rotation into value and intel, kudos to them. it seems they're really recreating their own brand, their own name, and we're not even talking about wearables. we're not talking about being in all of those things as a chipmaker. this is a pc turnaround story. i think it's pretty easy sailing going forward for intel. >> i think the easy one off this is microsoft. we talked about xp support being withdrawn. probably driving an upgrade cycle for some sorptions. microsoft if it can get above 42, it looks like a great trade. >> look at citigroup. big underperforming in the financial space. shares around 2% on reports the department of justice is looking for $10 billion to settle charges relating to the sale of mortgage backed securities in the time leading up to the financial crisis. earlier on the closing bell leon cooperman said this about the doj probe. >> the government's behavior is absolutely disgraceful. they want t

hewlett-packard is challenging ibm and high-end super computers.oducts. the journal reports this is the latest sign hp is doubling down on technology hardware while ibm is pulling back from the market. >>> also, yesterday inventergy became a wholly owned subsidiary of aeon. it opened $4.90 and closed at $3.85. joining us is the man at the helm of that company. chairman and ceo of inventergy. >> good morning. >> before we get into it, tell the viewers what inventergy does. >> our business model is we partner to corporations and have them get greater value for their intellectual property. we're 80% of the asset base are in their intangibles. so they need to get greater value beyond just the product and service revenue. that's our job is to help them get that greater value. >> in terms of what this whole transaction was about, it why do we need to become a public company? >> from day one i decided i wanted to be a public company for a number of reasons. one of which is to ensure that i would have greater transparency and higher ethics for my company.

leaders including monty moran, president of the ford foundation, darren walker, former ceo of hewlett-packardglobal ambassador of opportunity international, carly fiorina, and also founder