straight to john fortt. you were inside. there isn't a whole lot of buzz surrounding the stock.z on the inside? >> well, here's what's interesting, mandy. kind of as i tried to set up before the event. three big things. one was what would the pricing distribution of the ipads be. the ipad mini, the nonret it tina version selling for $299, first time we've had an ipad at the sub $300 price point. the ipad 2 sticks around 399 for full size folks. a name change on the new full size ipad, now called the ipad air, as expected, thinner, lighter, a bit more streamlined and we got a new retina ipad mini buts the price is 39 $9. it was interesting yesterday i was saying i'm not sure they will be able to build the a 7 m 7 chip into a mini at that 329 price point. turns out they raised the price, probably preserve margins there. interestingly we get the iwork and ilife apps free now with the new purchases on iios devices o macs. sets up an interesting software and services strategy to lock in to apple's ecosystems. they might lose some margin on software but this makes a stronger case for

john fortt, thanks. to jackie deangelis for a market flash. >> headlines crossing on motorola solutions. reuters reporting the company is looking to sell its land business and crane is reporting msi offering buyouts to managers and senior level workers at its headquarters. the stock was lower than spiking on these reports. we are watching shares up over the flat line trading at 60.93. >> jacki, thanks for that. back to google and also broaden out the discussion to some of the other players. who is winning in the mobile monenitization race. natty covers the tech space. brian analyst withing wh wedge partners. natalie, google, the market says, is winning at this point. >> it's winning, right. and mobile is the big concern, right. as john fortt pointed out, there are a lot of arms to this beast and that's the problem because there's, you know, the mobile devices and so they're in motorola, mobile advertising, there's android, so they're not quite sure where is the biggest money there and the nature of this

mandy. >> john fortt, thank you very much. stick around as well. can clearly see that stock is still hot but has the company lost its cool factor? joining us is editor sam bitter. what do you think? i saw in the notes you're liking it to at&t? really? >> i think it's think of it maybe goldman sachs with bean bag chairs. it has the decimated any relatively established successful large company. it's going to lose the glamour factor, the outsider status. lost that a while ago. with that goes the luster and cool. it's not something that should be, you know, avoided. just the way big businesses are. >> maybe it's a good thing, takes away some of the risk of working there or risk from the stock, i don't know. >> they might lose out on people who are really sort of silicon valley thrill seekers who want to be involved with something unestablished and risky and volatile and they're going to go elsewhere to a smaller -- >> i don't know. >> john? >> i don't know. >> look it's cooler than being a substitute teacher but not going to be the same thing as workin

john fortt reporting for us. seema also taking a look at microsoft from new york city. seema, are they buying what microsoft is selling or nokia more appropriately selling in abu dhabi? >> tyler, we're not seeing any long lines at this microsoft kiosk in new york city. we have seen more customers stopping by wanting to view the product and learn more about the microsoft 2 tablet. just in the last half hour, we have seen a gradual increase in foot traffic. the customers that haveped purchased a microsoft 2 tablet customers are picking the surface pro 2 here, that seems to be the popular choice out of the two tablets microsoft is selling at this kiosk. to tell you more about the microsoft surface 2 it has 75% more battery life than the previous version does. the surface pro 2, dual screen functionality and more memory as well as $899 price tag. some of the customers that have played with the surface device but decided not to purchase the device said it was too vanilla, it did not have enough apps. some apple fans agree it was a quality device but they had already invested

john fortt give us a preview. >> hey, mandy.re big names that will give us an insight into how enterprise tech is doing, onlied on-line ads. for intel, wall street is looking for 53 cents on $13.45 billion in revenue. the pc client group needs to make up the bulk of that looking for $8.35 billion despite the drop in pc sales. the data center needs to be the strong performer, $3 billion in revenue would have it growing 13.6%. analysts looking for a strong guide into q4 with the uncertainty in washington, though, you have to wonder whether they wiwe'll get that. ibm, be a big player in government, so i expect the shutdown and debt ceiling battles to affect the current quarter and q4 is ibm's big quarter for systems and technology. the hardware group. analysts expecting a $5 billion q4 from that group though it hasn't broken $4 billion so far this year. other names reporting this week, yahoo! also tomorrow where we'll see if the core display ad business showing signs of life, how much alibaba is helping the bottom line, ebay on wed

assessment, bring back marcus star and host of cnbc's "the profit" and cnbc's tech correspondent john fortt grade him, john? >> that's a tough one. i would say probably a b, b-minus given the enterprise side of the business did do quite well under his tenure, billions of dollars in revenue added that wasn't there before. the part that we tend to see, though, the consumer business, very much a mixed bag. xbox did well but that core pc business, very much overtaken by mobile. microsoft still struggling to come back from that. >> marcus, same question to you. from your viewpoint and from your observation of mr. ballmer's tenure over the past dozen or so years, how do you think he's done and is there a point at which a ceo kind of needs to move on? a point at which you've used every trick in your bag and it's time? >> i'm going to give him better than a b-minus. the company is still profitable, stable. maybe he wasn't as innovative which is why he doesn't get an a. in any company there is a time when new ideas are needed. time to bring in flesh blood and people with new strategies and technique

jane wells at nike headquarters and john fortt in san jose. you go first, john. >> no new bad news is good news when it comes to hp. we'll tell you what meg whitman had it to say after the break. jane? >> john, $220 soccer cheeks as nike goes after brazil in the world cup. ceo mark parker calls this a growth company. he highlights one area of underperformance, lululemon you've been warned. back after "power lunch" swooshes through a break. the wright brothers became the first in flight. [ goodall ] i think the most amazing thing is how like us these chimpanzees are. [ laughing ] [ woman ] can you hear me? and you hear your voice? oh, it's exciting! [ man ] touchdown confirmed. we're safe on mars. [ cheers and applause ] ♪ hi. [ baby fussing ] ♪ >>> like two ships passing in the night nike put into the dow and hewlett-packard kicked out meeting with wall street analysts today. jane wells is in oregon at nike's today. but we begin with john forth in san jose at hewlett-packard's analyst meeting. >> tyler, hp stocks spiked during the analyst meeti

joining us, cnbc's john fortt and dominic chu. with foxconn admitting some interns had to work nights and overtime at a plant in china. john, is this another black eye for apple and other companies with foxconn contracts? >> i hope not because it was a sony project that they were working on. it seems like every time china manufacturing and foxconn come up everybody assumes apple which is a bummer for them. >> this is -- this is interesting, right. doesn't the company say they were actually paying these interns the standard wage for entry level employees, so they kind of were getting paid anyway. i guess maybe there's controversy. i'm not sure how deep it goes, guys. >> let's move on -- >> the issue. >> go ahead. >> the issue is they were having them doing grunt work, not learning experience if you're supposed to be in school. >> all right. move on to a second one closer to home. mark zuckerberg is now a landlord after learning that a developer wanted to build a large house next to his home and akorgz to the san jose mercury news th

john fortt, what is the news? >> yeah. a bit of a shift here, brian. said last night on the earnings call, that bruno delay yo who used to head up growth markets based in shanghai is back, trying to fix the china situation that caused so much consternation on the call last night with the hardware business down 40% year other year. he's getting the original team together that built that growth market unit. but the other fallout is that jim, bra mante, one of the first promotions when she came in january 2012 he has been reassigned out of that growth market position in shanghai while the strike team gets in and tries to fix this difficult situation on the ground. brian? >> all right. thank you for bringings us the breaking news. ibm stock down nearly 7%. you heard jane wells talking at a diner and some say congress has the worst approval ratings in our lifetimes. what must congress do now to win americans back and restore confidence in washington. let us bring in joyce badie of ohio and robert pittingger. i'm going to ask both of you to begin the intervi

cnbc's robert frank is still with us, john fortt with us and peter henry, noted economist, author and dean of the nyu stern school of business. i'm sure you would have a view on this, sir. >> absolutely. first of all, nyu stern is in our own league, not the ivy league, but i would say that angela ahrendts is an extraordinary person and i think it goes to show that we have no monopoly on talent. it's great talent can thrive wherever it goes to school. >> john, i suppose we should point out this is retail, not brain surgery. >> well, even brain surgery, look at tim cook, he's from alabama. he went to auburn university, also not ivy league. so i think there's something to be said for people who have talent, doesn't necessarily matter where they start out. they seem to end up a lot of times in great places. >> or people that work hard. she's worked her way through donna karan, liz claiborne, this is the product of decades of work and having a client husband and -- compliant husband and three children who will follow you around the world. >> she's a sign that the meritocracy works not just

. >> john fortt thank you very much. we appreciate it. blade runner fortt. not going to get any economic data out of the federal government. that is not entirely untrue. we are hearing on thursday as normal at 8:30 a.m. eastern time going to get this week's at least this week's unemployment claims. so not sure if this will be every week. we have no update on the monthly jobs number which is due on friday. but this thursday at 8:30 as normal, right here on cnbc, we will get those weekly unemployment claims numbers. all right. still ahead, money manager's top three stock picks. think big money and big tech. >> how about some good news in the midst of this shutdown insanity. gas prices have been plum netting. just wait until you hear how low they might go just in time for the holiday season. i want peacocks. peacocks? walking the grounds. in tuscany. [ man ] her parents didn't expect her dreams to be so ambitious. italy? oh, that's not good. [ man ] by exploring their options, they learned that instead of going to italy, they could use a home equity loan to ren

jon fortt with is with us. john, what's good enough to move the stock so much? >> well, scott, it's interesting. this move appears not to be based on anything that's been said at this meeting yet. someone's got their hands on what they believe to be slides associated with what's happening later in the presentation. and based on that, the expectation is that hp is going to guide to fiscal 2014 eps range between $3.55 and $3.75, versus 3.62. you know, a lot of people were expecting maybe a continuation of whitman's cautiousness that we've been hearing over the past couple of quarters and some language in here were what appeared to be slides they'll present later saying the year-over-year decline has been moderates, there are pockets of growth. a message of stability here. as far as what whitman actually did see in her portion of the presentation, she said by fiscal 2016, expect hp to be an industry-leading company, 2014 will be a pivotal year for hp. and hp expects revenue to stabilize in 2014, accelerate in 2015. as you mentioned, the stock was up quite a bit, po

we'll hear from the president himself when john harwood sits down exclusively with him at the top of the hour. >>> meantime we have news breaking on oracle. jon fortt> oracle responded to to chango win an orgation that purports to own oracle shares and is upset about larry ellison's pay package. in an s.e.c. filing oracle on behalf of oracle, they respond defending ellison's pay package as 1% of oracle's total returns and points out stock options which have fallen out of favor for executive compensation in silicon valley in favor of rsus, but stock options, larry ellison will only have value if the stock goes up from here, even though valuation methods like black schill's make them look very valuable. bruce chisom, who could face a lot of shareholder anger over this, responding. >> thank you, jon, with that stock popping nine cents. it's not helping ellison's restricted shares either. heading toward the close, about 13 minutes left in the trading session with the dow down 92 points. heading lower into the close here. >> the stalemate in washington appears to be taking a toll on stocks today. up next, though, find out if this selloff is creating an