i am not an expert on ibm. i am buying it for probably half the multiple of the market, and maybe a third of the multiple of the nasdaq and i really -- i feel like it is very low expectations so let's say he is a terrible ceo, too i will walk away and probably sell it around the same price it is now i don't see a lot of downside. >> one more comment on jenny row metty. for me, because i have two daughters, i sad to see we are down ceo -- >> female ceo. >> one more female ceo one of my daughters is in private equity at goldman sachs. they treat everybody call. my other daughter is in entertainment. they don't do it there to me i think you need more and more coming up you can't tell me there are only -- i don't know how many female ceos there are in the s&p. >> it is shockingly low right now. we lost a bunch in the last two years. >> unbelievable. half of my desk at lehman were women. i didn't hire them because they were women, i hired them because they were the best athletes. >> one of my investing stories is a

does this change in leadership make ibm a buy?e has fought a good fight and ibm hasime underperformed the market. down while the tech sector and other tech leaders have gone up substantially, so it is unfortunate it has been a difficult situation. i think there has been a lot of shareholder disappointment, so a lot of time for change. with redmbination hat's, that was supposed to live. they could be this operation investors are looking for? it paid a significant amount of money. laid out a lot of money and investors want to see ibmturn, but the problem is has had so many legacy business is while the whole tech semester -- text connector has changed, this -- tech connector, the whole moved to the cloud and edge computing. the red hat does address and they have to get ahead which is taking the problem with cloud is you have legacy timeframe to and racked and move it to where the client computer is and that is the next big trend they will have to get ahead of that because everyone else is focusing on the edge as well. talk about how

ibm up sharply on news that ginni rometty. stepping down and she will stay on as chairman for a bit we give you the breaking details on the story straight ahead. but we start with the earnings alert. amazon, touching new all-time highs, after a blowout quarter earnings and revenues topping expectations the cloud of course continues to be a big engine of profitability for the company. amazon giving up weak guidance for the current quarter and the conference call kicks off within the hour the stock up almost 12% in the after hours, back to the trillion dollar club first time since september of 2018 of course oh joining microsoft and the leaders till apple there. guy, start with you. give me your take. >> staggering quarter. 4.5% operating margin is a ridiculous number. i didn't see this coming i don't think a lot of people did in terms of the magnitude of the eps beat staggering. >> but 2025 near the all-time high back in the summer of '18, '19 the 2025 level is now the line in the sand. i understand the reaction in the after ma

ibm and a lot of good people there. but this is not money maker for the investors for a long time. >> and color me cautious just because i think this red hat acquisition which they paid a lot for, i think north of 34 billion, is showing that, look, recurrent ref tu extreme we know is what big cap megacap tech and google microsoft and amazon and google now get on the multiple that's what it's about because if they can go to software sales to recurring revenue hand now about 20% the size of amazon's cloud business at 7.2 billion-dollar number i want meaningful and real we've been looking for the stock to make the turn i don't think you need to jump in tomorrow. and say it's a brand-new day. >> i wonder if the last trick will be the break up the two businesses, the faster businesses we saw it at hue lit and she was the obvious person to preside and find her way to the door but i don't think the solutions are big enough to make the difference in the legacy business ibm has i don't find it too exciting do not expect survivor

jay stepping down as the ceo of ibm.rvin krishna, who is head of the company's cloud efforts as well as overseeing research, many other things, is going to take the helm in april the timing for ibm interesting because we're talking right now about all of these cloud giants moving forward very quickly, pedal to the metal ibm has been trying to argue that they ought to be counted in that pack. up to this point, they really haven't been in part because of the legacy business they have that's not growing that has been casting a shadow over those results. jim whitehurst of red hat will be president at ibm, clearly a statement of how important that $34 billion acquisition of ibm's is going to be to the strategy going forward. questions still loom about really how big a change is arvin going to make here ibm has been making i would argue smaller changes around the structure of the company, spinning off some revenue that's lower profit, at first in hardware, now increakreecreasel software is there something larger that needs to

ibm broke five consecutive quarters of decline. we will find out what is pushing the company back into topline growth. that is next. if you like bloomberg news, check us out on the radio. listen on the bloomberg app, bloomberg.com and in the u.s. on sirius xm. this is bloomberg. ♪ taylor: ibm posted fourth-quarter earnings tuesday. revenue growth in five consecutive quarters has declined. ibm's market appears to be paying off. i am joined over the phone by david. finally, a return to growth. only 1/10 of 1%, but investors probably are pleased. what is driving that growth? david: thank you for having me. with the ethics impacts, those were slightly smaller. back to 60 basis points versus 100. there were in line with the expectations of around 200 basis points. when you go deeper, it was towards a higher end of expectations of around 9%. high single-digit growth was expected, but transaction process platforms actually grew, even bumping up tough costs from the year prior. on top of that you did have the sea 15 mainframe ramp that gre

>> i don't think it matters that much ibm said, look, if the market went by ibm it would be down it's, specific case united we may get chatter about the consumer that will be positive. nothing there is really going to set off the market i actually think today is a win not just resilient a win when you came in and look where china was, where asia was, where the fear headlines you would say we're down 2%. we're basically flat take out boeing we're flat >> in terms of the positives to offset the other headliether he negatives, trade is off the table. mexico and china has improved. kind of got a tone that europe won't come in to the bar begin until after the election >> i think the market is essentially said we're past trade as an immediate tactical market factor. that can only be upset by a surprise aggressive action from one side or the other. i think that's a net positive. look, we still are up a lot in a short amount of time so you can say that the market held up just fine as it is but we're still facing these headwinds of probably over bullish sentiment and a little bit of overbought

but the ibm cloud is different.ough to manage all your apps and data securely, anywhere, across all your clouds. so it can help take on anything from rebooking flights on the fly, to restocking shelves on demand, without getting in your way. ♪ ♪ looking to get your business off to a fast start in the new year? it's go time! switch to comcast business and get fast internet on the nation's largest gig-speed network. plus, complete reliability with 4g lte backup. and, cloud-based security to help protect the devices on your network. greenlight your business in 2020 with fast internet and voice for $64.90 per month. switch now and get a $100 prepaid card when you add comcast business securityedge. call today. comcast business. beyond fast. >>> high-tech skimming. >> >> every time you type a key on to this forum the code is sending it off to another server. >> in other words, i have just become the victim of e-skimming. >> even if you were to change your mind the attacker already has the information. >> this is just a de

. >>> ibm ceo rometty to step down arjun, what can you tell us about this news. >> she oversaw ibm in a difficult time made cloud services a priority under her tenure, the share price was down they struggled in this new age of cloud computing with microsoft and amazon taking over looking at the new ceo, he is from cloud computing at ibm giving us a sense of where they are looking. he has to figure out where ibm is going to fit in this landscape and where they can find new technology and where they need to cut their losses and exit those are the tasks as arvind takes over ibm >> and this is not happening until april 6. she is sticking around in a chairman role. >> that's right. that is important. she's got that experience and been in the job a number of years. i think the two of them together could help moving foreas they navigate this tricky time in the tech landscape right now >> got it. i think mr. krishna has something like 13 or 15 patents. sounds like a smart guy. >>> wall street is looking ahead to another busy week of earnings more than 80 s&p companies will be reporting corona

. >>> a shakeup at the top of ibm.oamtti will step down this spring >>> virus fears keep investors on edge. goldman says the outlook will weigh on growth. amazon is the story of the morning up in the premarket once again above $1 trillion. quarterly results beat the street, a robust holiday season along with strength in advertising and the cloud and at 34%, jim, minimal deceleration from prior 35. >> perfect it's perfect i know these analysts have to put out these bull case, bear case there was none the one thing that really shocked me was that if you saw satya nadella how azure is doing, 60% growth for cloud these guys crushed it in cloud plus they talk about the love they have for same-day, $150 million prime, how that happened overnight. there's a page, not a page, they put out a five-page thing that's more important in many ways than what the numbers are of all the things they do, invented and what they're doing with alexa and it's just so impressive. they are not at all promotional in the conference call, but ther

microsoft and ibm. focus over the last week one year highs in fmochicrosoft is ibm this general race's microsoft going to turn things around >> well, that shouwould be a ta order because a lot of people don't realize and maybe it's counterintuitive just because you're a dominant tech player in big iron or the personal computer era, as we morph into cloud, mobile, net, you know why would you expect a company from the first era to be as good or a player or relevant in the second era? and one of the things that microsoft has done since '14 is pivot and embrace the cloud. been a home run. that is the playbook that the new ceo of ibm should copy, but man it's going to be a tough road because ibm is in a much worse shape. >> jon, does ibm have a shot at bachi in becoming a microsoft story >> absolutely. let's not forget how much people hated apple in 1996. amd. sure but those are previous powers that people thought nothing could fix and something could. everything's not wrong at ibm. i think it takes a distin

ibm and red hat are better together red had tt had record volume growth and ibm, we accelerated throughr with 23% growth this to me, that has put us now in a position of growth, sustained growth for 2020. we said revenue, we said eps, free cash flow and margin expansion. >> so all of that is on the table, guys. it's a tough story you look at the one-year chafrt, yes, they are higher two year, five-year charts don't look as great. they're telling the story of growth in cloud, which, of course, investors want to hear the cloud revenue it talked about this quarter was third to amazon and microsoft google though gets talked about a lot as a third mega scale cloud player how does ibm position itself to credibly make that claim to cloud power? we will see this year how it continues to play out. it's all about sales forces and big deals that these companies are trying to announce, making the case that they're bringing the industrial cloud. >> yes also interesting they're seeing growth of the new mainframe computers as well. but still struggles in legacy businesses with growth services and jim

ibm up sharply on news that ginni rometty.n for a bit we give you the breaking details on the story straight ahead. but we start with the earnings alert. amazon, touching new all-time highs, after a blowout quarter earnings and r

>> they need to say that ibm is open to business with their rivals.are open to new portfolios of applications and clouds. not just ibm cloud, but amazon, google, microsoft, and they will help them migrate workloads. that is the big opportunity in enterprise tech. microsoft results yesterday were very strong and driven by hybrid cloud strategy. fast.eds that taylor: thank you for the analysis. now, sticking with some cloud providers, amazon is concerned about the cost of its next-day delivery. profits crushed wall street estimates. stocks surging 12% on the news. we are joined by the founder and imise. est i am looking at a terminal of amazon web services. year-over-year, beating estimates but one of the lowest growth rates we have seen. well below rivals like microsoft. are you still bullish on the cloud? >> absolutely. the overall numbers are getting large but the total market for basically cloud services is being completely underestimated by basically the entire market, which is why you continue to see investors chase stocks like microsoft here, bec

we talked about ivmen about ibm.k in this exclusive interview. >> we're working with governors across the country to avoid redundancy, to allow people to have mobility to move to where the jobs are located. we're supporting -- we have some you amazing statistics that just came out about women's employment in 2019. so in the last year of all the new jobs created, 1.5 million of them went to women. 73% of all new jobs were secured by women. maria: i saw that. that's incredible. >> some of these policy areas that we're working that aren't exclusive to women but disproportionately affect them, like expanding access to you affordable, high quality child care, critically important. child care is undeniably a work related expense. you can't work without it. the fact that this party is leading on doubling aces sees, s really exciting, the fact we've done so much on the issue of paid family lead, leading by example, finally passing into law that the federal government will provide 12 weeks of paid parental leave to our employ

to even have ibm still around and playing in the cloud i don't know >> we'll talk to a lot of people today about it >> meantime, the u.s. issuing a warning saying do not travel to china. after the w.h.o. declares the virus an emergency >> duh >> color commentary there. the death toll rising past 200 the number of confirmed cases worldwide, 10,000. six confirmed cases in the united states. united kingdom reported its

the $20 billion ibm took on in 2018 for its acquisition of redhat. xerox says the move is intended to remove any doubt about its ability to raise financing. uber working on a flying car with hyundai, aiming to create air taxis to take the concept of ride sharing to a higher level. arial taxisectric would take off, land vertically, crew four passengers and that up to 200 miles per hour. car production in germany has fallen to its lowest in almost 1/4 of a century. including volkswagen, bmw and daimler have shares of

ibm is the latest one. fourth quarter revenue, $21.8 billion, beating the estimate of $21.6 billion. also two cents higher than anticipated. you can chalk it up to cloud. cloud and cognitive software revenue, $7.24 billion. the other parts of the business, aside from systems revenue, miss the average analyst estimates. global technology services, global business services revenue, both of those coming in shy as opposed to what analysts for.looking cloud coming in higher than expected. that has lifted the eps number as well. for 2020, ibm sees operating eps of $13.35. analysts were looking for $13.29. joe: still with us is senior markets editor michael regan and putnam investment cohead of global asset allocation jason voll court. jason, we have been talking about netflix and ibm earnings. how much pressure is there on big tech to deliver in terms of holding up overall market multiples? and do you think that a by a large, they are in a position to satisfy what the markets want given the extraordinary gains we

which is why so many people who dare to take on problems work with ibm.ing smoking whis freaking hard.st,eople like quitting every monday hard. quitting feels so big. so, try making it smaller. and you'll be surprised at how easily starting small... ...can lead to something big. start stopping with nicorette stay resthe new rx,the icon thatcrafted by lexus. lease the 2020 rx 350 for $419 a month for 36 months. experience amazing at your lexus dealer. but some give their clients cookie cutter portfolios. fisher investments tailors portfolios to your goals and needs. some only call when they have something to sell. fisher calls regularly so you stay informed. and while some advisors are happy to earn commissions whether you do well or not. fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money management. lou: object wall street stocks closed slight lid lower after trump imposed additional sanctions on iran. the dow jones touchin

but the ibm cloud is different.open and flexible enough to manage all your apps and data securely, anywhere, across all your clouds. so it can help take on anything from rebooking flights on the fly, to restocking shelves on demand, without getting in your way. ♪ ♪ you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today. >>> we are back. twitter under pressure from the downgrade by ubs shares are down 10% in the last six months options bulls are looking for some upside. pete joins us now from minneapolis. good to see you. i wonder why they think this stock is going to turn around and reverse itself >> right, well, i can go back to november, scott. that's when we started seeing bullish activity when t

she expanded ibm's reach in cloud computing and ai.ce 2012, shares have lost a quarter of their value. that is where bloomberg business flash. alix: another thing we are all going to watch over the next 48 hours is the super bowl. it is a little event coming up this weekend. there is business involved. the super bowl is the most-watched program on tv almost every year. most experts actually think that gambling is a large part of that. legal wagers on the game are now expected to surge to 325 million this year. sports gambling is also booming in the u.s.. 21 states have now approved illegal sports betting. 14 of those will be active for sunday's game. another 14 states have asked state legislation to legalize gambling. the nfl profits from the super bowl as well. tv the driving force behind the league's revenue. at expects of 6% growth through 2027. you have new bidders coming into the market like apple tv plus could drive up the price. 49ers or the chiefs? i am going with the chiefs. coming up, election season officially kicking off on

for the time, ibm is the big laggard on the dow along with unh. the other someoone is airlines. of airline news regarding boeing, story on our website from leslie joseph, street trying to come to terms what additional write-downs may be the line out of b of a, we are increasingly fielding concerns from investors the likelihood the max never returns to service. >> i mean, i think that's always been the real kind of shadow over this whole story, basically a lost generation for boeing don't know that yet. i don't think you can say that but airlines patience being tried, them figuring out their capacity situation at this point in the cycle all of it fits together. it's a little bit of pressure on that area, and it's, again, all the more reason why investment dollars seem to feel like it's just less difficult to buy the obvious stuff, and i don't think that can go forever, but the obvious stuff being the nasdaq 100, which is dominated by four or five names. >> it is stunning, though, to look at those four or five names or at least a few of them. we have three companies now that are a

better have a quick check of ibm.role for eight years. she will be replaced by one of ibm's top cloud people. that takes place on april 6th. i kind of hinted at this some time ago. watch this. ibm going straight down. their turnaround is not going well. she's been running the company for, what, seven years. we will ask if this is the time for new leadership. that was october of last year. as of right now, she is out. got it. >>> new numbers from one specific housing market. the median price of a single family home rose 75% in the last five years. now, i will repeat that. that is extraordinary. we've got a location, location is everything in real estate, where a single family home, the average has gone from up 75% in five years. take a guess where this might be. i'll tell you now, we've got the governor of that state coming up very shortly. what a real estate boom. >>> today's a big day in britain. they will officially leave the european union. we have a live report from ashley webster and nigel farage. he's going to j

we built a guide that uses ibm watson... to help the blind.ties like tokyo. my dream is to help millions more people like me. and mine super soft? it is already working in cities like tokyo. yes. with the sleep number 360 smart bed, on sale now, you can both adjust your comfort with your sleep number setting. so, can it help us fall asleep faster? yes, by gently warming your feet. but can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both comfortable. so, you can really promise better sleep? not promise... prove. don't miss the final days of the lowest prices of the season. the queen sleep number 360 c4 smart bed is only $1299, save $400. ends sunday lauren: fox business alert, fund raising in focus as the 2020 race heats up. there is an l election this year. president trump's campaign just announced that it brought in $46 million in the fourth of last year, best fund raising quarter for the campaign in the cycle. it ended the year with $102.7 million in cash on-hand. some demo

what about ibm and broadcom? most important fantastic main frame sales. just over ten times earnings 4.5% yield i think ibm represents a decent investment broadcom, abgo, terrific cell phone orders but held back because they paid $18.9 billion for ci technologies. it was bought a couple years ago. what do you have here? a well run semiconductor company that sells for just 13 times earnings, considerable discount to the rest of the group broadcom has a 4.2% yield to boot it's a buy tomorrow morning. sure ibm is still several divisions and aside from that, classic cloud business is not growing as fast as i like. eventually the company will have trouble meeting estimates next year when the mainstream cycle peters out it is getting aggressive getting better i like it. so what does all this show they explain how can you justify believing in a couple high profile stocks and how it's not all that much of a leap of faith when you consider the pros and the cons the bottom line, you know what makes me a believer. i want to leave this party and market as something t

boeing, ibm. and here is what else is coming up on the half time report. >> up nearly 60% over one year, microsoft, and one firm thinks it's going even higher a few of our experts own this stock. we'll debate it in call of the day. plus john najarian's newest bets based on moves in the options market "the halftime report" with scott wapner and the traders is back in two minutes your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. when i lost my sight, my biggest fear was losing my independence. mmm... good. so i've spent my life developing technology to help the visually impaired. we are so good. we built a guide that uses ibm watson... to help the blind. it is already working in cities like tokyo. my dream is to help millions more people like me. >>> welcome back, everybody. i'm sue herera here is your cnbc update this hour iran's rouhani said that they ar

i consider ibm a classic value story right now. season which is really going to drive what markets do in the weeks and months ahead, you want to look for opportunities to nibble at those companies that have not participated this same way that a lot of the rest of the market has. ibm was a great example, the china front you have global coronation, much better transparency, more alignment of interest, other trading partners there to help, they will get this resolved. >> real quick michael, the fed in interest-rate, are you okay with the idea that the fed is a backstop that they will be our friend in 2020. >> something interesting happened in the last few months and weeks. the balance sheet did not grow as quickly since september and what happened there we know the market stagnated. we'll see if we get a message on wednesday to continue to grow. >> there is anxiety in the market gentlemen as i handed over to liz claman. >> thank you as you see with the dow down 407 is lame not just wall street but money centers all over the world. mar

. >> thanks for being here, looking forward to seeing you tomorrow ibm. >> that's the trade? ibm? thanks for watching "fast money. jimmy chill starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain, but to educate, teach you, put it in context. call me, 1-800-743-cnbc. tweet me @jimcramer. what a day because of the coronavirus worries and then came roaring back when the world health organization reassured us that the kraut break is not that bad, the dow ultimately gaining 125, the nasdaq advancing 6.2%. we need to address the elephant in the room. could we possibly be headed for a coronavirus induced recession if we don't get this thing under control? now the stock market has been saying no. but my wife, who just got back from a trip to poland asked me that qu

some real impact for ibm.ll this year, but on friday morgan stanley downgraded the company to equal weight from overweight, pointing to market share losses as businesses move to other cloud-based vendors. a lot of people in front of me here as we come into the close. back to you. ashley: always the sign it is almost done. many people hit gym for new year's resolution, i am not one of this i am the "countdown" closer has the perfect workout to get rid of fat in your portfolio, barry james. if i need to slim down my portfolio, which maybe i do, i don't know, what would you suggest investors do? what is the fat in my portfolio? >> hopefully you don't have any fat in your portfolio. you're running around slim and trim. what we're actually doing, because we do find that we have some right now, stocks that have not done anything in the last year. you know, there is a whole raft of them with the market going up the way it has and these haven't participated and that's sending a very strong signal maybe you should move

ibm has named a new chief d krishna. long-time ceo will continue as executive chairman through the year, then retire after almost 40 years with ibm. facebook is battling this information about the coronavirus. it is starting to remove fake news and theories. that includes false claims of a cure and racist explanations about the origins. the company has a policy of removing content deemed harmful to users. let's get back to earnings. lundin petroleum has reported ebit offer the fourth quarter that beat estimates. the swedish company announced its pledge to achieve carbon neutral operations by 2030. joining us now is the ceo of lundin petroleum. before we get to the numbers and your strategy, i want to ask about the potential impact on coronavirus. you have a lot from your field going to china. are you concerned about a drop off in oil demand as a result of coronavirus? >> that is correct. i think in the short term, there with demand,ssue but in the long term, i don't see things changing fundamentally. we will have to see

ibm lifted with it and ibm with what we have done in change with our portfolio and the cloud acceleratedr 23% growth and this to me is what is now, what you just said, that has put us now in a position of growth for sustained growth, 2020 we vefd knew, we said eps, free cash flow and margin expansion people keep missing that margin expansion point. we're high value tech. margins were up 230 basis points >> are we going to see you pursue another big deal? >> you're going to see us continue we absolutely said we are going to lead in enterprise cloud. this is why bank of america, there is a big difference with what we do within a financial systems cloud. we have spent almost two years with them on 500 different regulatory controls. so you're going to see us continue to focus on being the enterprise cloud for business as well, everything our clients are doing in a.i. and data >> we got rid of a lot. >> it's working. >> you see that actually yeah 2 billion of divestitures. they still run out through the first half here but we did actually over this tenure of really replatforming ibm, it's bee

. >> the victim, an ibm engineer, died on his 34th birthday. da lin is live at the starbucks where it all happened. what are friends and neighbors think about this young man? >> reporter: the victim lived about a mile and a half away from the starbucks where the theft occurred. they say he was a very smart and kind man. they say was a hard worker, one of the best engineers at his emeryville company. >> really, a bright guy, bright guy. >> it is just hard, it'll be neighbors are grieving the death of this man who moved to this oakland apartment five months ago. in that short time neighbors got to know him as responsible, engaging, and friendly. >> we talked, he was happy to be here and enjoying life. when we found out about it, we just consider it a sad tragedy. >> reporter: friends say he turned 34 the day he died on new year's eve. they were supposed to go celebrate that night. instead of celebrating, his parents are now on their way from china to plan his funeral. >> it is very frustrating. >> reporter: he was a native of china, attended kans

netflix, ibm, and texas instruments reported tuesday.ubscribers passed a 100 million milestone outside of the u.s., a boon for the international footprint. but they also cautioned on subscribers, saying growth would not be as robust. we covered it all with our guests. >> they are pretty strong in the developed markets. there is not a lot of growth for them in the u.s. looking abroad, they have a lot of room to grow, but that will be difficult. when we talk about that 7 million subscriber guidance, that is compared to a strong q1 in 2019. when you look at the year-over-year comparisons they are very weak compared to last year's. taylor: let me get your thoughts on this. typically, they are conservative when they forecast some of their guidance. do you feel netflix is being conservative, or is there real potential slowdown? >> i have said that the real competition for netflix really starts in 2020. and i still believe that to be so. if i were them, i would be conservative. i do think it will be difficult to tell what the full impact of all

he was an ibm engineer and died on his 34th birthday. he fell out of the car when trying to chase the thieves. da lin spoke with friends and neighbors in montclair today. >> reporter: the victim lived a mile and a half away from the starbucks where the theft occurred. friends say the victim was smart and kind. they say he was a hard worker, one of the best at his company. >> really, a bright guy, bright guy. >> i'm completely shocked. >> reporter: friends and neighbors are grieving his death. he moved to his oakland apartment five months ago. in that short time neighbors got to know him as responsible, engaging, and friendly. >> we talked, he was happy to be here and enjoying life. >> reporter: friends say he turned 34 the day he died on new year's eve. they were supposed to go celebrate that night. instead of celebrating, s parents are now on their way from china to plan his funeral. >> it is very frustrating. >> reporter: he was a native of china who attended kansas state university for graduate school. according to his link in page, h

but the ibm cloud is different.nd flexible enough to manage all your apps and data securely, anywhere, across all your clouds. so it can help take on anything from rebooking flights on the fly, to restocking shelves on demand, without getting in your way. ♪ ♪ >>> technology was the best performing sector in 2019. our own sara eisen sand down earlier with jim breyer about why he continues to bet on big tech >> a year ago, right here, we talked about tech companies, valuations you said buy that turned out to be a pretty good bet in 2019 >> it worked out there's always luck as well. but what's happening with the top tech companies, facebook, apple, google, amazon, microsoft, they are building out workforces around artificial intelligence that are second to none and so i continue to go long and will remain long, the top companies that continue to invest in the very best talent, the best women and men around artificial intelligence. >> and they are also attracting the scrutiny of regulators, anti-trust investigations and

maria: can an ironworker who feels that he is out of opportunities learn ai and get a job at ibm?you name it. as a fact in the program that ivanka started we have partnerships with the department of labor and over a hundred companies picking those frameworks and going with them. i am already up to 500 di year end moving. so to me it's a very scalable for everybody who is out there. >> that you have to be able to imagine it and that's part of this campaign. to realize that, you have to imagine yourself being able to do it. and as a focus on that next generation of american workers, we also have to focus on our workforce. suffer many people in america today, they do the same job today, they need to learn new skill. because the technology is changing and they need to be rescaled. we need to shift the conversation of this country where education is considered a lifelong pursuits, not compartmentalized to one very short. in the arc of one's life. because the reality, for many the jobs are hiring for people need to be trained and retrained multiple times. maria: my thanks to ivanka trum

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which is why so many people who dare to take on problems work with ibm.ge account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk while our competition continues to talk. ♪ do you recall, not long ago ♪ we would walk on the sidewalk ♪ ♪ all around the wind blows ♪ we would only hold on to let go ♪ ♪ blow a kiss into the sun ♪ we need someone to lean on ♪ blow a kiss into the sun ♪ we needed somebody to lean on ♪ ♪ ♪ ♪ all we need is someone to lean on ♪ trish: try to investigator scrambling to find the reason for a plane crash and killed hundred 76 people shortly after it took off from tehran's international airport. i want to remind you that this took off when i run was unleashing missiles that are bases in iraq. they had a buy run civil aviation authority telling them quote, we will not give the black box to the manufacturer or america. so many questions for them. maybe a neutral country. we'll never know what is going to happen. kennedys next yea

netflix, ibm, and texas instruments all reported.uesday brought us netflix's fourth-quarter results, which showed subscribers passed a 100 million milestone outside of the u.s., a boon for its international footprint. what the company also questioned on subscribers this quarter, saying growth would not be as robust. we covered it all with emarketer forecasting analyst eric haggstrom and ceo of tru optik, andre swanstone. eric: they are pretty strong in the developed markets already. there's not a lot of growth for them specifically in the u.s. looking abroad, they have a lot of room to grow, but that growth will be difficult. when you talk about that 7 million subscriber guidance, it is actually pretty strong compared to you one in 2019. when you look at the year-over-year comparisons, they are very weak compared to last year's. taylor: andre, let me get your thoughts on this. typically, they are conservative when they forecast some of their guidance. do you feel netflix is being conservative, or is there a real potential slowdown on

ceo at ibm,male appointed in 2012.he was instrumental in moving the company more toward the cloud. she is the second ceo to have stayed on past the age of 60. many believe it was appropriate that she would step down at this time. she will be moving over to take an executive position on the board. she is expected to retire at the end of the year. in terms of ibm appointing the new ceo, they say he is an authentic leader and was the man behind the red hat acquisition. you for keeping us up-to-date on those corporate stories. a quick programming note. don't miss in the clues of interview with richard clarida. that is on friday at 12:00 in new york. that is 5:00 london time. 1:00 in hong kong. this is bloomberg. ♪ juliette: it has been a terrible week for asian equities. we are seeing some are peeved -- repeat -- reprieve. quite a lot of these key equity indices that were hit hard earlier in the week rebounding today. a rebound in the taiex yesterday which had its biggest one-day fall since october 2018. with noting that t

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