idc said shipments fell in the fourth quarter as business spending slowed down. they agree that lenovo is the world's top pc maker. the u.s. military is hit with a cyber attack. the attackers claim to be with the islamic state. the accounts were suspended but not before messages like "american soldiers, we are coming." the cyber caliphate continues its cyber jihad. this is at the same time president obama was announcing new cyber security proposals at the ftc. >> under the new standard that we are proposing, companies would have to notify consumers of a breach within 30 days. in addition, we are proposing to close loopholes in the law so we can go after criminals even overseas. other proposals include a consumer's privacy bill of rights. joining us to wrap up all theses developments in the world of cyber security is bloomberg whitehouse correspondent phil mattingly. and our cyber security expert chris hadnagy. the hack today was just as the news crossed. what do we know now? >> us central command lost control of their twitter account for about 30 minutes. over th

melissa chow senior research manager with idc's worldwide mobile devices. thank you very much for your time to here on cnn. rosemary? >>> yahoo! shares soared 8% after the company said it would spin off its remaining stake in ali babba into a separate company. >> that's right. stock in the new publicly traded company called spinco is expected to be distributed to yahoo! investors by the end of the year. what's key about this deal is that it's tax free. about the money. that save shareholders $16 billion in tax costs. >>> we're going to take a short break now. just ahead, a somber anniversary in eastern europe. powerful images from poland 70 years after the liberation of the auburn wis death camp. -- the auschwitz death camp. hi, tom. hey, how's the college visit? you remembered. it's good. does it make the short list? you remembered that too. yea, i'm afraid so. knowing our clients personally is what we do. it's okay. this is what we've been planning for. thanks, bye. and with over 13,000 financial advisors we do it a lot. it's why edward jones is the big c

our basic infrastructure up to date, planning for electronic medical records and other things such as idc 10 and others we'll have continuing focus on some of the issues that we've been looking at for the last several budgets which is getting our population health division where it needs to be, planning to open the new san francisco general hospital next year and continuing to focus on all of those network metrics that are going to be drivers for our financial performance over the coming years. much more to come. we have planned to have hearings on our proposals for the budget at this commission in february. the budget submissions by departments goes to the mayor's office on february 23rd and we'll be continuing reporting those as the budget is introduced and heard by the board in july. i'm happy to answer any questions. >> commissioners? commissioner singer? >> as to the financial performance and planning and thought is terrific. i don't have any questions. i'm looking forward to our next diving into the real details. thank you. >> i think you are right, i know you are right. there hasn'

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our basic infrastructure up to date, planning for electronic medical records and other things such as idc 10 and others we'll have continuing focus on some of the issues that we've been looking at for the last several budgets which is getting our population health division where it needs to be, planning to open the new

analysts researched from idc say microsoft is closing the gap with its rival sony which says it sold nearly 19 million of its consoles through early january. that means microsoft has a chance to cross-sell that many more of its products and services to millions of new fans. still, the xbox business also faces real challenges. analysts estimate that after accounting for sales and marketing, microsoft is actually losing money on xbox. microsoft declined to comment about that analysis. it's up to nodela to prove to his investors that gaming isn't just an important source of entertainment, but makes strategic and financial sense for microsoft's future. josh lipton in silicon valley. >>> investors were not impressed. we begin with the market focus. the industrial conglomerate's earnings were in line. but missed estimates. it gave a down beat profit and sales outlook citing the negative effect of the stronger dollar and pension discount rate headwinds. shares initially dropped after the bell. before the close stock fell 1%. texas instruments also failed to wow investors with its after-hour

. >> your results were a little different than idc's numbers earlier in the week. samsung was a little ahead in china, barely ahead worldwide. i have a hard time figuring out these numbers every quarter because they are quarterly and the year probably matters more than the quarter. is this just about a new phone release, or is it more than that? >> good question. i think what it boils down to is essentially what we call the tablet wars. the phones that are a cross between a phone and a tablet, those wars between apple and samsung are clearly heating up. samsung was the clear leader for the last few years. but the new iphone 6 plus has taken the fight out of samsung and their -- a bite out of samsung and there is a real battle there now. >> i give samsung credit for coming out with the category. it took apple three years. >> and they made fun of it saying your hand is only so big. >> apple delayed, partly because of you jobs. samsung has benefited from being part of the android platform which is a very popular platform in china. >> tell us what that is. >> it is the

. ♪ >> clouds are gathering -- they are trying to grow this $2.3 billion according to a report from idcares a space with fierce competitors. here is emc's general manager. i want to talk to you about what it is that happened in this arena that is making it so huge. >> what's really interesting is the way that people work is fundamentally changing. they need to access information from any device at any time. the reason this is happening is because of the convergence of clout and mobile. you just showed me pictures of your backyard. anyone who has a phone or pc must've have access to information across all of their devices. >> is there a technological change that makes it possible? semiconductors or storage or what? >> technological change when you have something in the cloud comets easy -- with consumerization of i.t., if i.t. -- >> they get used to using outside of the office. i.t. control and security. >> what we have seen is the more consumer tools are used by users, the more security risks for organizations. i want it to be secure and protected. that's where companies like simplicity

alex branca and the chief officer at idc join us.sue of buying blackberry has been out there for a long time. people use to look at the cash flow. now they look at the business. what do they see? >> when you look at the business you see a couple different parts moving in different directions. john chen did some things that others were not willing to do, which was outsourced manufacturing. that has helped the gross margin story on the hardware business but they are still not growing that business commensurate with the rest of the industry. when you start getting into the software side of the business, the software side of the business is small. it has been growing. you get into the i.t. part of the business, which is a question of what is it worth going forward. in the smartphone business, that could be worth a lot going forward. some of the patents they have are around things we are concerned about right now, which is managing wireless spectrum, security, and the physical fundamentals around how you actually -- what you can do with a

the pc sales and idc examines out talking about pc sales everybody expects them to continue. they are not dead yet. we hear more about that, hp and apple killing it. >> the next two quarters should be the strong quarters. 120, 125 and if you look looks like supply catching up with the demand. you go on-line and get the i phone in one day. couple weeks ago three to five days. next two quarters will be strong, solid numbers. >> coming up woody allen heads to the small screen for the first time and only get it in one place. the streaming wars heating up. and pharma mergers heat up valent's ceo joins us. is his company itching to make another move. is there more room to run? we will ask sam eisley and find out what he thinks next. the competition for trader of the year continues. six halftime traders, one epic battle. who will reign supreme? keep up with every move on the halftime report and go to cnbc pro for real time trading alerts and exclusive insights and analysis. sign up at cnbc.com/pro for your limited time free presprup the portfolio challenge on the halftime report. no

segments of markets, storage, file sharing, content collaboration, that are worth $23 billion according to idcl reach $32 billion by 2018, so with that much money on the table, no surprise, competition in this market is fierce and box goes head to head with some very big powerful players. >> it is very competitive, especially as to why these larger companies like microsoft, google and emc have recognized that opportunity. they've aggressively gone after it from a model. >> which company does box have to worry about? for one there is microsoft, the tech giant offers storage like box, but also a product called share point, and this is a platform used by workers in many fortune 500 companies, allows them to organize and manage their content. you're also going to see pressure coming from emc. its product simplicity offers and allows workers to securely store and share and edit files. emc, one important difference there to take note of, allows workers to share content in the cloud, but if they have worries about security or compliance issues, they can also do that in their own data centers. despite

gardener and idc showing, jon, apple with about 7% market share.ice in addition to everything else going on. >> it is. i'm a little cautious on apple here just personally. i'm not an analyst obviously but i take a look at what's happening out there in general and you see iphone has been doing extremely well. they've increased their target inventory for the iphone which is going to have an impact on comps for the rest of the year. so when you consider that, and apple has been up for nearly 18 months straight at this point, a lot of times people start feeling emotional about the stock to the downside. if we get any kind of conservative guidance after a holiday quarter, which apple is prone do, doesn't necessarily mean anything negative, then people start looking at well are they going to put out as many units of the apple watch as we expect, are people really going to be excited about it and people start reacting to a bunch of stuff that isn't really real that could happen this year. be careful out there. >> roger, we'll take your temperature on macr

here to figure out whether blackberry desserts that kind of premium is the chief researcher at idc. as to whether blackberry is worth more than its market value comes up all the time. in many cases, companies are worth more than their market value. how big a premium do you think blackberry deserves? >> you are right that -- what you are seeing is a test. parsing a test of the water. -- you are seeing a test of the water. future options in the situation because as the smartphone business matures, a lot of these fundamental wireless and security patents that blackberry has will be worth more and more in the future. again, it is a tough one. the forward options on the ip is worth a lot in the future. the actually core smartphone business that blackberry is worth less over time. you get the value of their network. valuing this company is difficult right now. what samsung did is put a number out there that puts them -- it puts the evaluation of black -- back when blackberry was the blackberry everyone knew. based on what we are seeing blackberry is saying that is not close. we think it i

according to the market researcher idc. they had projected a 4.8% fall, so it was not as bad.$80.8 million for the quarter. -- pc sales. donald trump has filed a 100 main dollar lawsuit against palm beach county, claiming aircraft -- air travel is purposely being directed to travel over his estate. noise, vibrations, and emissions are causing damage and destroying the once serene and tranquil ambience. those are your top headlines. >> breaking news. >> a showdown between metlife -- we have erik schatzker here. >> this is like a double shot of espresso. metlife is suing the u.s. government. this is a right metlife has to exercise over the dodd frank act. it was designated a important financial institution by the financial stability oversight council, which includes jack lew, janet yellen, a 10 member panel. the vote went 9-1 against metlife. one lone dissenting voice. roy woodall. it puts metlife in the same category as the biggest of the too big to fail banks, jpmorgan citigroup. the ceo of metlife could not object to this notion more vehemently. >> it sounds like a badge of h

while it's cloud business is growing fast in a market that idc estimates will more than double to almost3 billion dollars in 2018, revenues delayed as it proceeds over the course of subscriptions rather than upfront fees for traditional software. the ceo spent more than $20 billion on acquisitions to compete with cloud specialists as well as old rivals such as oracle, which are also expanding online services. i look forward to that interview with the sap ceo shortly after 7:00. fourth-quarter growth rose by 7.3%. slightly ahead of estimates. china for your growth figures were close to the government's target for the year. 2014 was the worst year of expansion since 1990. the slowing economy has been a concern for chinese leaders. the central bank cut interest rates for november, and earlier this month the government sped up work on 300 key infrastructure projects to help boost growth. let's head to christine in beijing. talk us through those figures. >> good morning, mark. as you said, those measures must have had some impact. overall china gdp numbers for the fourth quarter and the four-

under chairman camp idc stall the members not to engage in the destabilizing confrontation politics. default on the debt is crazy for a technical term. to a threatened government shutdowns that is not helpful. the way that it spikes in rigo that discourages investment. all parts of the economy then we can sort out opportunities and growth but if you generate that uncertainty you will slow down the economy for sure is. >> there is focus on tax reform and its impact. talk to business owners and the impact is overstated and overplayed with feed decisions they have to make every day. there are many multiple factors. can you speak about that in regards to the whole dynamic scoring issue that we talk about and how hard it is to predict the macro economic impacts of any policy coming out of this place? >> it is multi dimensional. we are numbers seven but they looked at two cities and the problems that they identify not about the federal government. and you'll see a range of things including skilled labor. >> with the largest corporate tax increases at this time under the reagan administrati

[applause] to my pastor, here in washington, idc church home, michigan park, christian church.astor, marvin owens, and his wife, first lady barbara owens, who are here with me today. to president obama who entrusted me to serve as the chair of the eeoc, and to the administration colleagues, both those who are here today, and those who are not, but who worked alongside me to enforce the nation's civil right laws. to all of the eeoc's public and private sector, and civil rights and human rights community allies -- allies and stakeholders. and to all past and present eeoc employees, who are represented here today by three very special people and guests, who have come to join me today. they were indispensable during my eeoc service, they weren't dead, the wind -- they were indeed the wind beneath my wings. particularly james price, who recently retired after more than three decades of service in the federal government. and heroic service in the united states army during the vietnam war. thank you all for being here. these men and women, and the more than 2200 men and women i had th