joining me, jon fortt and dr. j, the "fast money" trader historian jon najarian joins us. for a second, jim, about record highs for the s&p against the backdrop of such international tension. >> what we're seeing is the big cap indices. the s&p 500, the dow jones industrial average, they're clawing their way higher. but underneath the surface if you look at what small caps are doing, at what more risky names are doing and you look at what the advance/decline numbers are doing, they don't look as good. furthermore you've got an s&p now at 17 1/2 times earnings with a 1.9% yield. that doesn't stack up as well globally as it did at the start of the year. so i think you're seeing some money start to move in to the emerging markets while the dow and s&p just kind of crawl their way higher. >> susan, how much against that hate day turn zwroornd get us slightly positive. the increase in treasury yields we saw. how much do you think it has to do with the fact that at 8:30 this morning u.s. jobless claims, first-time jobless claims fell below 300,000, at one of their historic lows

jon fortt is with us. question mark? jon fortt, what can you tell us?you this, microsoft revenues are $23.38 billion. that's just about in line, a little bit higher. when it comes to eps it gets a little bit tricky, because a lot of analysts did not factor in the nokia acquisition, which actually exerts a negative 8 cents impacts on eps. so, from a non-gaap perspective, microsoft turned in 52 cents. that includes nokia, because that's now a part of microsoft. so, if you were to back that out, it would be 60 cents. that's probably close to in line with what analysts were looking for, but some included nokia, some didn't. really hard to get a read on that overall. but you've got to also consider microsoft is going to talk on the call about its guidance and also to what extent the cuts that they have already announced will impact going forward. what they said and what continues to be the case from what i hear from within microsoft, is that 13,000 of the employees, the total 18,000 that will be cut, will be cut in the quarter that we're currently in. that's

jon fortt, what can you tell us?e upside, even from intel's positive preannouncement that came in with revenue of $13.83 billion, versus consensus of $13.69 billion, and eps of 55 cents versus 52 cents expected. gross margin came in strong as well. they're guiding to a gross margin of 66% in q-3. that is historically quite high. it's a key number that the street tends to look for. the guidance also for q-3 is for revenue of $14.4 billion at the midpoint, plus or minus $500 million. the street was looking for closer to $4 billion even. now, what groups out-performed in particular? well, the pc client group came in at $8.7 billion versus just under $8.5 billion consensus. the data center group also came in strong. software and services to internet of things did quite well. but another key issue here is they're guiding now to a 5% revenue growth for the year. they had been guiding to flat before the positive preannouncement. so, the full year 2014 revenue growth of approximately 5% now is an upgrade, even, from what the

our jon fortt spoke with him.n that and the apple/ibm partnership. >>> and finally, a rare interview with hollywood producer thomas tully, the ceo of legendary pictures, the man behind "the dark knight" franchise. you don't want to miss that either and all of that and more is ahead on "squawk alley" coming up next. just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where you can. so you can invest in the life that you want today. tap into the full power of your fidelity greenline. call or come in today for a free one-on-one review. in a we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to wor

co-executive eder of re/code along with jon fortt and kayla tausche as post nine. good to see everybody. first up, has jeff bezos reached the end of his leash? a much wider than expected second quarter loss. 27 cents a share thersz the 15 cent street estimate. this is the company continuing to spend on new services, ste s nods and products. predicting further losses in the quarter and revenue rising in line with consensus. stock down sharply this morning. the story of the morning. eager with your whether this is warranted? >> jeff bezos doing what he's done forever since he started the company. they keep forgetting he does this. investing in all kinds of stuff. some crazy. some of this, this phone came out, wasn't well reviewed, actually, and this is typical jeff bezos. so the market's always shocked that he's jeff bezos. i find that interesting. you know, he just -- this is what he does. in order to grow his company. gets into fights with the publishers and everything else and is squeezing them. so it's just typical of him. i'm always surprised the market's surpri

john steinberg, jon fortt. you want to walk us through netfl netflix?ll about the subscriber number, looking for domestic subscribers at around 550,000, 600,000. all the upside that i'm hearing about from analysts has to do with maybe enough of the international growth has not been baked into estimates. and as high up as the stock has gone, still up near its all-time highs. it's really the growth that people want to see, carl. >> and i'd love to pair that with a story today in "the wall street journal" that verizon is putting the cap for uploads equal to download speeds. i think that pairs nicely with the fact that there's an article out today saying what makes netflix so special. it's basically the same as hbo. i think they're both going to go over the top. you're seeing them become data companies. so i don't think it's a question of whether or not netflix is special or more or less special than hbo. i think it's a question of whether or not the stock is expensive. and i think it's very hard to come up with any conclusion other than the fact that it's

we're going to hang on for just a second, jon fortt. i'm going with the flow here.s next? 24-hour cycle to go through here. not only just malaysia -- middle east, that's your specialty, but malaysia air as well. we're trying to keep it all in perspective and make sense of it all bhap do you think all. what do you think is going on here? one story trying to take advantage of another story? a little leveraging here going on under the cover of darkness? >> i don't think so. i think that the israelis were planning for quite some time in that given the turn of events in what was actually happening in gaza, the fact that they were unable to suppress the rocket fire. this was bound to happen. don't think this was timed under any circumstances to take advantage of other attention on other news. >> if i could say one thing about gaza right now, we need to have more soda streams. soda stream is producing those machines that make the sodas in gaza. i think we've got to start to have more of an economic interrelationship to what's happening in gaza and for those people and the

i'm carl quintanilla with jon fortt, kayla tausche. "squawk alley" this morning with the dow up 41 points. busy day for tech especially given the twitter posts tonight after the bell. julia boorstin joins us from san francisco, talking way ceo in a few hours. >> good morning, carl. the bar is high for twitter following facebook's better than expected earnings raumt out last week, and after a recent management shake-up, twitter's ceo is under pressure to show growth in two key areas. first, monthly active users, where growth has been slowing. this quarter, twitter is expected to get a boost from the massive global conversation about the world cup, expected to add about 12 million user to grow at about 267 million. the question, whether they'll be able to staunch the turn and hold ton those new yeusers, second, average revenue per 1,000 timeline views. how much money twitter marks from ads when people check the service. that's expected to grow to about $1.49. now, the company has been making a slew of changes over the past quarter to mak

joining us from delivering alpha today, kara swisher, jon fortt here at post nine and ceo, jon steinberg morning to all of you. kara, quite a morning. you're going to moderate a panel at delivering alpha later this hour. walk us through what you're doing there, and then, of course, we'll get your thoughts on murdoch and time warner. >> i'm talking with jim breyer, happens to be on the board of 21st century fox. interesting how he will get out of my questions, but -- then talking to another fantastic investor and talking where investments are going, and in front of a group of finance people, about what's happening in silicon valley. although all the action is back in mediaville in new york. fascinating. >> first take on this move that murdoch has made. your thoughts on it and where does it go? >> he's crazy like a fox. what a fantastic entrepreneur in a lot of ways. we used to be with them, and, but it's really an interesting idea. obviously, we think it's about cable. about making a bet on the cable business which is a troubled business over the long term and lots of technological challe

joining us, jon steinberg, ceo of daily mail north america, jon fortt, kayla tausche here. a busy week for tech as the dow is down about 54 points. first up this morning, the man of the morning. shares of the online real estate firm trulia jumping more than 10% today after news that zillow has agreed to acquire the company for $3.5 billion and a stock-for-stock transactions. both companies say the deal expected to close in 2015. spencer rascoff is the ceo of zillow. spencer, great to see you. congratulations. good morning. >> thank you very much. thanks for having me. good morning. >> obviously, this was not the best-kept secret of the past 72 hours or so. how far back does this adventure begin? >> well, the adventure begins for real eight or nine years ago because our companies have always admired each other. this most recent deal came together over the last six weeks when we approached trulia and said we thought now would be a great time to combine. >> spencer, with the stock up so much, how did you get them to take all stock for this? >> i think the trulia board on behal

co-executive editor along with our own jon fortt holding down the fort in san jose. his old stomping ground. good morning to you. >> hi. >> couple interesting stories on google. goldman-sachs saying they agreed to block e-mail containing confidential client data sent to a stranger's gmail account by mistake. they were seeking a court order to delete the e-mail. on another hand, the right to forget law, already having some consequences. apatiently an article critical of former merrill lynch exec. stan o'neil removed from some google searches in europe as part of that new law. we'll get to that in a second. kara, i want to start with the idea that goldman sachs has this confidential client e-mail sitting on someone's gmail account, on gmail servers. do you think that goldman should have access to get that back or to force the user to delete it? >> well, it's an interesting problem, because here we are, there's a famous line from the facebook movie, the internet's written in ink. i think this is the problem. all of these e-mails and texts and everything else are out the

>> jon fortt with a zinger.that note -- >> all that talk about el pollo loco is just crazy. >> and chick ens don't really fly. >> great job. >>> we are just getting word in that the position will make a statement on the utrain in about 20 machines. obvious we will take that in a few minutes. commenting on ukraine. just getting word in now, in about 18 minutes' time. >>> why u.p.s. earnings miss could be a good sign for the economy. we'll explain. >> plus our own phil lebeau is raising a red flag over consumer reporters' demand for a car recalling. he'll join us when "street signs" returns. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. when you run a business, you can't settle for slow. t

jon fortt is here at headquarters. julia boorstin out in l.a.s nokia into its business. the round of cuts will likely be the biggest in more than five years. what do you know about it? what do you expect? >> i think this is in a way expected. keep in mind microsoft took on something like 25,000 additional employees when it took on nokia's mobile unit. a lot of redundancy on there. also they've got to decide who's going to stay, who is going to go, when you're integrating hardway with microsoft's over hardware. i think the most interesting thing will be what advantage do they take of this molt to put his stamp on the organization. >> julia, a company insider, not really well known before he took on this role, at least not beyond the walls there in redmond. he is put is his camp on this company. >> this is really his chance to show how he's remaking microsoft for the future. he had a memo he released that laid out his vision, and it would be interesting to what he does, not just to take advantage of the cost savings with nokia, but also to shape t

. >>> joining us at post nine, senior columnist and jon fortt doing duty out west in silicon valley this morning. jon, good to see you, and mike, you as welling. your thoughts here at 1976, broadly speaking? >> seems the markets are happy to be where it is. i don't think the yellen headlines are scary. she again declined the opportunity to see the markets are getting silly. very aware of that situation. overconfident financial markets are the reason the fed feels compelled to tell a different story or change policy. they didn't want it last year, don't want it this year and her talking about re lation and capital levels at banks exactly what the market wants hear. what's your next act in terms of the bullish argument taking it higher from here? it's kind of a rest period. >> just two weeks ago she was saying the fed still has concerns about the strength of the economy. there are still points of weakness and various pressure points with regard to the consumer. how do you square that circle? >> i think that's exactly the point. the fed would prefer to keep attention on those things. in oth

. >>> earning squad, joining me are j and j, jon najarian and jon fortt. >> we have gilead sciences,omm and the cheesecake factory, but first the scorecard. with 30% of the s&p reporting, 68% of companies have beat their earnings per share tarts, and 21% of earnings have come in below wall street forecasts. let's kick things off with gilead. that's one i'm watching. you have some interesting biotech news couple timesing out. nice numbers from bioagain. for this particular company, beyond the headline earnings, it's going to be about sovaldi. it's one of the most expensive treatments on the market, 12-week regimen costs $84,000. that are $1,000 per day. already gotten congressional ire. so a lot of commentary will be about whether this drug and this company with justify the pricing. this is a stock that could be volatile around earnings. on average it goes up our down by about 4%. this time around. they're pricing dr. j? >> given what janet yellen said, she's been about as accurate as jay carney in terms of calling -- you want to take the other side. when jay karney said don't buy rus

for for fortt -- kayla tausche, jon fortt. trading up as much as 35% after earnings easily topped expectations. our julia boorstin joins us this morning. hey, julia. >> carl, better than expected results across the board, higher full year guidance, dick costolo was bigger on bullish to catch up to facebook. >> we don't think there's anything pleechbt preventing, us structural from preventing us having the kind of results from other players in the space. >> i asked him if he thought they'd be able to have the same size audience at facebook. his goal, have the largest total audience in the world and reach every person on the planet and the nothing less than that. for the first time, costolo delved into the potential of twitter's audience outside the 271 million saying hundreds of millions of additional people come to twitter but do not log in. responding to a question tweeted in, how he plans to increase the user base, costolo talked about improving the experience for both kinds of users. >> if you look at the, our apps on ios o

kayla, jon fortt, thanks for letting me right along this morning. so much happening. that does it for us here at "squawk alley." over to scott wapner and the "halftime report." >> welcome. >>> today's game plan from post nine. rumble in the jungle. amazon reporting a big loss. this time investors aren't having it. has jeff bezos lost the midas touch? sad song. pandora hits a sad note. josh and steve, head to head singing their hearts out in today's debate. and crazy chicken. a new kid on the block in the fast food sector. find out if they're eating up el polo loco. >>> stocks losing steam. bob pisani following action since this morning. bob, in the last 45 minutes or so, you've had a bit of a bigger pullback in stocks. i've heard chatter around this place today that maybe it's due to talk about more sanctions coming against russia, and that's the big concern in the market. >> yep. i think that's xreccorrect, sco. look at brent crude. a little more than an hour and a half ago, moving to the down side. the president of the european council may now banking sanctions, add

. >> as always, kayla tausche and jon fortt. right to it this morning.irst up, amazon tonight after the bell, the firephone going on sale tomorrow morning. expect aces very amazon-like, analysts looking for almosts 20ds billion in sales, a loss of 15 cents per share as the company continues to make big investments and roll out new products. citi, by the way, downgraded the stock earlier in the week, in their oends words, investor frustration. henry, a slowly growing school of thought, that ed bezos is losing the leash afforded for a long time? >> another school of thought, that he is tuning out short-term concerns which is incredibly unusual. focusing on the 5 to 10 to 20-year future and that made this an extraordinary stock for the last five years. they're not focused on quarters. i can already hear the moaning after they report tonight. oh, they can't make any money. it's terrible. it's over valued. and yet look where the investments they're making. my guess, some will pay off over the long term. >> i mean, the past month for amazon stock has actually

jon fortt, kayla tausche joining us, and good morning, guys.uite an hour with that alibaba news crossing now. again, the "journal" citing sources that ipo will come after labor day. we'll talk about that in a minute. microsoft, big news, a painful, positive step. microsoft announces up to 18,000 job cuts. deepest in the company's history. 14% of the workforce mostly in the nokia business. stock is up $45 in the pre-market settling back a bit but still up more than a percentage point today. jon, you've been talking about it this morning. next best thing to getting rid of the nokia business altogether? >> hard to call layoffs of that scale that affect people and families great, but from a structural perspective, look, even when two successful companies get together there are layoffs. nokia was not successful. you've got to expect this. look what google did to motorola. cut much more, but did it quietly and gradually. i think there's something to be said for doing this relatively quickly and then the other significant part, the 5,500 cuts here tha

roger mcnamee, co-founder of "shark tank" investor and kevin o'leary, great to have you jon fortt andayla tausche with as, as always. an intraday high a few moments ago, not far from within a little more than half a percentage points of s&p 2000. keep our eye on that. s&p tech sector hitting its high evidence level since november of 20000. now the best performing sector in the s&p this year. of course, on a big week for tech earnings, and then tonight, facebook after the bell. some key questions. will they beat expect aces for the ninth quarter in arow and keep taking advertising share from google? guys, this is going to be a big print, regardless whether you're long or short on the stock. your thoughts? >> i think they're going to be. the trends are there. this video service and everything about advertising is working on their platform now. big, large cap companies are using it, as a platform. the mobile story is out of the stock. nobody cares. they've obviously made that transition. stock goes north from here. >> that's what makes this quarter a little tricky for them. it's that the

jon fortt is off today. the main story of the morning, maybe the afternoon, down 188, 189 on the dow. s&p down almost 30 points. 1942. back to our first touch of the 50-day moving average since may. internals are not good. the a.d. line, 9-1 negative. gold is down. oil is down. really the only thing performs today is the dollar, as you've got ukraine, argentina, portugal and now with this employment cost report, kayla, the idea among some that the fed and yellen are behind the curve. >> and employment cost report doesn't often move the market. given the strength, gdp, the statement from the fed yesterday afternoon, they'll continue tapering, slack in the labor market. otherwise, overall the economy looks good. that's a market where the employment cost index will matter and it's going to start having traders scratch their heads saying when are rates going 0 rise? >> cashin said 1950, important critical area for bulls to hold. below that, clearly. see where we go this afternoon. meantime, earnings, another par

jon fortt in silicon valley. dennis, we'll get to you in a moment. start with twitter today. the social network naming anthony noto its new cfo replacing mike gupta moving to senior vice president heading up strategic investments. n noto, goldman's lead guy on twitter the ipo last year. wall street likes the move. crossed above 40 the first time in a while earlier in the week, currently at 4276. bring in evan wilson, senior research analyst for internet and games with pacific crest securities. evan, good morning to you. >> hi there. >> obviously, anthony's a familiar name to the company. what does it mean to have him in the cfo spot to the street? >> well, first of all, i think you'll see a lot of happy cell side analysts this morning. anthony is a former competitor of ours and his $64 million equity signing bonus this morning i think makes us all very happy about our future prospects. seriously, i think the cfo role at twitter is, i don't think ever been a real strength behind the story, and i think naoto has t -- noto understands how to deal with the cell side, has that cfo

jon fortt and john steinberg, the two johns. good to see you both. a lot to get to. let's get a quick check on those markets. dow, new intraday all-time high. s&p, 1978. david costen speaking of the s&p, raising his target for year end to 2050 from 1990 and interesting targets in the years following that. apple also a big story, getting an upgrade ahead of quarterly earnings. we're going to talk to the analyst, ben reitzes over at barclays later this hour. this is an interesting story. they had it overweight for a very long time. years, in fact. came off of that in february, and it's a bit of a tough reversal here, jon. we'll see what ben says. >> you have to reverse it. it's so interesting. i was looking at a chart this morning that was samsung's strength over two years exactly relative to apple. and it's just about to cross the break-even point. ever since, let's see, april 22nd of 2013, samsung's momentum versus apple just has not been there. so it's really interesting, especially now that apple's a different company than it was when it peaked back in september of

jon fortt has the details. >> microsoft reported revenue of $23.8 billion, ahead slightly of what analystswere expected. eps came in at 58 cents nongap. that's a little lighter than what wall street was looking for. there's a bit of an after on that. "wall street journal" hadn't been given real guidance on how to model the expenses associated with nokia. so a lot of them were just sort of darks in the dark. on the call, microsoft ceo amy hood did give them better information about how to model nokia. microsoft would have been that eps would have been 8 cents higher without nokia than it was with. also, bing sure to be profitable, they said, in fiscal year 16, as well. going into guidance for the current quarter, that looks pretty good. a little better than wall street expected, from what i can see. across different divisions, microsoft guided for the division toes be about even and maybe even slightly higher. even a couple of cases saying expenses will remain under control and also saying that as far as integration costs of nokia, 150 million per quarter is what people should expect there.

-- kayla tausche, jon fortt.s easily topped expectations. our julia boorstin joins us this morning. hey, julia. >> carl, better than expected results across the board, higher full year guidance, dick costolo was bigger on bullish to catch up to facebook. >> we don't think there's anything pleechbt preventing, us structural from preventing us having the kind of results from other players in the space. >> i asked him if he thought they'd be able to have the same size audience at facebook. his goal, have the largest total audience in the world and reach every person on the planet and the nothing less than that. for the first time, costolo delved into the potential of twitter's audience outside the 271 million saying hundreds of millions of additional people come to twitter but do not log in. responding to a question tweeted in, how he plans to increase the user base, costolo

. >> as always, kayla tausche and jon fortt. right to it this morning.he firephone going on sale tomorrow morning. expect aces very amazon-like, analysts looking for almosts 20ds billion in sales, a loss of 15 cents per share as the company continues to make big investments and roll out new products. citi, by the way, downgraded the stock earlier in the week, in their oends words,

jon fortt and john steinberg, the two johns. good to see you both. a lot to get to.ll-time high. s&p, 1978. david costen speaking of the s&p, raising his target for year end to 2050 from 1990 and interesting targets in the years following that. apple also a big story, getting an upgrade ahead of quarterly earnings. we're going to talk to the analyst, ben reitzes over at barclays later this hour. this is an interesting st

jon fortt in silicon valley. dennis, we'll get to you in a moment. start with twitter today.nthony

roger mcnamee, co-founder of "shark tank" investor and kevin o'leary, great to have you jon fortt andaday high a few moments ago, not far from within a little more than half a percentage points of s&p 2000. keep our eye on that. s&p tech sector hitting its high evidence level since november of 20000. now the best performing sector in the s&p this year. of course, on a big week for tech earnings, and then tonight, facebook after the bell. some key questions. will they beat expect aces for the ninth quarter in

jon fortt is off today.oon, down 188, 189 on the dow. s&p down almost 30 points. 1942. back to our first touch of the 50-day moving average since may. internals are not good. the a.d. line, 9-1 negative. gold is down. oil is down. really the only thing performs today is the dollar, as you've got ukraine, argentina, portugal and now with this employment cost report, kayla, the idea among some that the fed and yellen are behind the curve. >> and employment cost report doesn't often move the market. given the strength, gdp, the statement from the fed yesterday afternoon, they'll continue tapering, slack in the labor maet

i'm carl quintanilla with jon fortt, kayla tausche. morning with the dow up 41 points. busy day for tech especially given the twitter posts tonight after the bell. julia boorstin joins us from san francisco, talking way ceo in a few hours. >> good morning, carl. the bar is high for twitter following facebook's better than expected earnings raumt out last week, and after a recent management shake-up, twitter's ceo is under pressure to show growth in two key areas. first, monthly active users, where growth has been slowing. this quarter, twitter is expected to get a boost from the massive global conversation about the world cup, expected to add about 12 million user to grow at about 267 million. the question, whether they'll be able to staunch the turn and hold ton those new yeusers, second, average revenue per 1,000 timeline views. how much money twitterar

i'm kelly evans in for carl quintanilla and joining us, co-executive eder of re/code along with jon forttsee everybody. first up, has jeff bezos reached the end of his leash? a much wider than expected second quarter loss. 27 cents a share thersz the 15 cent street estimate. this is the company continuing to spend on new services, ste s nods and products. predicting further losses in the quarter and revenue rising in line with consensus. stock down sharply this morning. the story of the morning. eager with your whether this is warranted? >> jeff bezos doing what he's done forever since he started the company. they keep forgetting he does this. investing in all kinds of stuff. some crazy. some of this, this phone came out, wasn't well reviewed, actually, and this is typical jeff bezos. so the market's always shocked that he's jeff bezos. i find that interesting. you know, he just -- this is what he does. in order to grow his company. gets into fights with the publishers and everythinse

jon fortt is joining us on set to discuss these earnings. >> let's talk about yahoo! intel because we have these cool mikes on. i feel like we're in a boy band except becky, obviously -- >> is it in sync? what kind of boy band are we talking about? >> yeah. i think so. >> i said madonna. why didn't you think of the guy that changed your life? >> m.j. >> we'll figure out who is the best dancer later, but yahoo! bad results with an asterisk. intel, good results with an asterisk. starting off with yahoo!. they had a penny short on eps. a little light on revenue. two things that marissa mayer pointed out that didn't go right for them. one was premium advertising. they weren't selling it. the other was the ad manager platform which is supposed to help them get advertisers borrowing in a big way. and in a way, yahoo! is wanting to stand still. there's a pc display ad situation isn't looking good because overall, pcs are still eroding, particularly consumer. this as pcs are doing okay. but those aren't the people who are really using yahoo!. >> the amount of advertisement wa