for "nightly business report," i'm josh lipton in silicon valley. >> funky looking gear. to find out more about the virtual reality technology trend, head to our website nbr.com. >>> that does it for us on "nightly business report" for tonight. i'm sue herera. thanks for watching. >> and thanks from me as well. we hope to see you right back here tomorrow night. ♪ the law ♪ ♪ the law for the good ♪ ♪ the law for the ugly ♪ detective inspector poole. i take it you're here for me. very good. what gave us away? unless you're on some weird stag do... vincent carter. this is the prisoner leon hamilton. he is officially now in your custody. but i've been given orders to escort you to saint-marie. thank you, vincent. mr. hamilton you understand that, on arrival we will take you directly to saint-marie jail where you'll serve the remainder of your sentence. carter: pardon.

josh lipton reports. >> reporter: how do we judge sacha nadella's performance? the leadership microsoft's revenue jumped 12% to $93.5 billion. it's a record when it comes to other high profile executives. not as strong as ceo from apple, tim cook jumped 50% in his first year on the job, but better than ibm's jim naretti with top line slumped 2%. and question of whether nadella produces a smart business strategy. analysts say he is. >> finally you have a ceo to escape where the puck was going fermterms of cloud, mobile and much more openness to take microsoft into this next paradigm shift we're seeing on the cloud. >> reporter: in its last earnings report microsoft disclosed the commercial cloud business boasted triple digit revenue growth for the sixth straight quarter. also cheered nadela for another reason. they say he's a better fit at this time for microsoft than his predecessor, steve bomber. >> nadela is a developer, where balmer was really a sales guy. that's great with sales guys but with growth i think they want to hear from the developer in the company

for "nightly business report," i'm josh lipton in silicon valley. >>> market focus time. we begin tonight with verizon. it has it has no need to make large spectrum purchases in the near term. this comes as the company won more than $10 billion of wireless licenses at a recent auction. verizon said it's going to focus on technology that makes use of its current spectrum holding given the high costs. fell to $49.18. medtronic, deliver for investors as it had strong sales of cardiovascular devices, most notably. the stock one of the best performers in the s&p up 4% to $78.07 a new 52 week high. cvs health raising concerns about the possible impact of a new class of specialty cholesterol drugs. the company which negotiates drug prices for millions warns specifically the new cholesterol drugs could eventually cost the health care system as much as $150 billion a year. shares were up a fraction to $103.55. fossil announced fourth quarter results that missed the street's estimate sending shares way down initially after hours. the watch and accessories maker blamed head winds an

josh lipton with a look at why it's so important for yahoo to get this part of its business right. >> good morning and welcome. we are so excited about today. >> reporter: yahoo's ceo marissa meyer said when she first joined yahoo in 2012 the mobile business there was a hobby, not a job. these days meyer is working hard to change course. that's why today, she hosted yahoo's first ever mobile developer conference. where the company announced a sweep of products for developers and touted yahoo's mobile success. >> this reinvention of our products for the mobile space is we're having the achievement i'm most proud of as my ten years at ceo. investment paid off. tremendous growth in terms of users, revenue and time spent. not only have we seen the growth but outpacing of the historical rate. which, by the way, wasn't that hard. we have actually outpaced the industry rate. >> reporter: meyer said yahoo generated more than $1 million in mobile ad revenue last year making the company the third largest ad company in the world. still. meyer has a lot more work to do. this year actors yahoo ad

josh lipton is live in oak town with more. josh? a few years ago, the idea of a start-up moving to oakland, california, might have seemed far fetched given the high rate of crime in this city, but that is changing. i'm in the headquarters here of a start-up called captricity which calls oakland home. it's not alone. the red hot real estate market in san francisco is motivating start-ups to think about coming here to oakland. the difference in the cost to rent office space is huge. in downtown oakland, the average asking rent is now $34 per square foot. in downtown san francisco, it's $65. >> definitely cost is a pro an advantage, less expensive in oakland. it's sunnier here in oakland so i think that's a good advantage. it has a real authentic feel. the start-ups tend to like that, that creative space that oakland has to offer. >> now, vcs put more than $1.2 billion to work in nearly 100 companies here in oakland last year according to the money tree report. that made oakland the seventh most popular spot in the country for vc inves

is going to host its first ever mobile developers conference in san francisco and our own josh liptonthere live with more. josh? >> well, jon, remember marissa mayer has said that when she first got to yahoo! in 2012, the mobile business there was a hobby, not a job. meyer is working hard to change that. she wants yahoo! to be thought of as a mobile trendsetter. to do that, though, she's going to have to win over and excite the 1,000 developers at the conference today. >> if you're one of the leading internet assets out there, you have to have a good mobile strategy. that's why yahoo! needs to host a mobile developer conference and show it's got mobile chops. not only for consumers and advertisers but also for developers. >> now, meyer, of course, has put a lot of time, effort and resources into mobile. there's some evidence that hard work is paying off. in q4 yahoo!'s mobile ad revenues did jump 23% to more than $200 million. still, yahoo! has a ways to go before it's really thought of here as a true mobile ad leader. this year, yahoo!'s mobile ad revenues will account for just 4% of

melissa, back to you. >> josh lipton, thanks very much. >>> in terms of expansion into china, talking lot about shami that launches its own camera this year and that's a price war. >> our analyst just said $45 price target. it's closing in there now. steve is mad at me. >> that's a drinking cam. i'm a dance cam. seriously, if you look at gopro, what did we talk about before, asps? >> yeah. >> talked about everything. everyone knew there is a competition. a media company or hardware company and at the end of the day it doesn't matter. >> it does matter. >> they are selling a boat load of these cameras. still the cool thing to have. i've been wrong. lately i've been right, but i've been wrong off the escalate d meteoric rise. >> it's got a five handle right now. >> haven't mentioned the one thing. >> lock up expirations, 76.1 million shares. >> a big story in the fall when they broke the lockup so the ceo trust could sell and the insiders are selling, you have to think early investors still up a lot on the stock are going to sell. this is why it's going to be a very treacherous setup in

phil and josh lipton are here with us and you know josh lipton, what would be the impetus to really completeem? >> well i think there's a couple of different things that come out of this if anything melissa. one is it's certainly possible that what apple is pursuing is just more in car technology. we know that that's a passionate and interest in cupertino. already offer their car plate technology. when you talk to analysts there are certainly some who think apple could be interested in building its own car. the car is described now as a computer on wheels. the head of gardener's automotive practice he calls the car sort of the ultimate mobile device. just give it all the things we can do there. apple can make a mark. >> i just think we heard phil talk about this is unlikely to be an actual car. maybe they got to build a car to use for their modelling to do the dashboard or their car play right? phil, they may develop and build a car because they have to but this is probably more about the interface than it is an actual car we're going to buy. >> now we know this past january in detroit, goog

for "nightly business report," i'm josh lipton in oakland, california. >> finally tonight, the dress made famous by the internet. have you seen it heard about it? sparking a social media debate whether it's blue and black or white and dwold. it's now a hot seller for the company that makes it. the british clothing company said the 300 dresses on the web site sold out in a half hour this morning but they were able to find other inventory. traffic to the site has soared and this morning they got 150 calls in 45 minutes. is it white and gold or blue and black? what do you think? it's all green with a birmingham. i saw white and gold. >> you did? >> i did indeed. >> i saw it as blue and black. how could you see it as white and gold? well to each his own. that's "nightly business report" for tonight. i'm sue herera. have a great weekend. >> same for me. i'm tyler mathisen. we hope to see you right back here on monday night. >> how could you see white and ? ♪ it's all right, it's okay ♪ ♪ doesn't really matter if you're old and grey ♪ ♪ it's all right ♪ ♪ i say it's okay ♪ ♪ listen to what

plenty more on cnbc.com, and we'll head out to our josh lipton with more on gopro. an 8k here with news for executives. nina richardson the company's chief operating officer has tendered her resignation effective february 27th. doesn't look like there's been a replacement name or reason given so expect questions on this when the gopro conference calls in five minutes. kelly, back to you. >> those verse that given up the after hours pop. a great week in the market and we'll see if that holds up with tomorrow's jobs numbers next. we'll be back in two. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. ♪ etta james "at last" ♪ sometimes, at last doesn't happen at first. your dad just kissed my mom. turning two worlds into one takes love. helping protect that world takes state farm. do y ou like to travel? i'm all about "free" travel babe. that's what i do. [ female announcer ] fortunately, there's an easier way, with creditcards.com. comp

josh lipton is on top of it for us. josh? >> reporter: well, yahoo!'utives have taken to the stage at the developer conference making the case they are now a mobile first company pointing out the mobile ad revenue, 1.2 billion last year from 0 to 1.2 billion, they add. if you keep momentum going, keep consumers happy, advertisers happy, and you got to wow the 1,000 developers in the audience right now. so yahoo introduced the yahoo mobile developer suite, a new set of services and tools for developers to help them better understand their audience better monetize apps. look at yahoo's stock up 1 %, up double in the last 12 months. back to you. >> all right. another market flash with dom on the desk. >> watching colgate, volatility here, they anoujsed a 6 % increase, and a new $5 billion share repurchase program. you can see spiking and movement there in the company. they moved up sharply, and now moving down off the highs, susan. back to you. >> all right. get excited. in the house is a voice of american greed. >> thank you, susan. tonight is the 100th

we started with our josh lipton who is back and has more on salesforce.com's quarter. tching salesforce here because check out that stock in the afterhours. it is ripping higher. just on the phone with some analysts who cover that stock, including analysts from fbr. what their pointing out is listen, it met here on the bottom and the top, but when you look through the release kelly, deferred revenue, $3.32 billion, that was better than expected. bookings, $2.54 billion. that was better than expected. bookings an indicator of future growth so showing momentum there. remember, this call beginning in just about 40 minutes, we're going to be on it looking for more color and insight from executives at that time. kelly, back to you. >> thank you, josh. now those shares up 8.5% and don't miss salesforce ceo marc benioff coming up on "mad money." ukraine's economy is in shambles after a year of political turmoil. the international monetary fund has promised a $40 billion bailout package, but earlier today cnbc's steve sedgwick asked ukraine's finance minister whether that will

josh lipton is in san jose with the latest. josh? >> well, melissa, what sales force reported was 14 cents on 1.44 billion. that was smack in line with what the street expected, but sales force also saying deferred revenue, 3.3 billion that was up 32% year over year. it was better than expected. bookings also better than expected. sales force saying it surpassed five billion in annual revenue, faster than any other enterprise software company. also lifting, by the way, its revenue guidance. that conference call is just getting started. i'll be on that call and bring you guys headlines. >> i'm going to let dan nathan take his little victory lap. not too long ago he stood by the smart board and said amongst the reasons is metallica. >> it was pretty unscientific. >> enter sandman? >> we highlighted that they paid probably close to a million dollars to have metallica at an event. you don't book metallica at an employee event if you're going to lay an egg a couple days later. we just talked about mcdonald's. this stock has been between 5

josh lipton is on the west coast.shables to give us this take on this big conference for mobile developers and whether you think this is going to move the needle for yahoo! >> this is a fantastic move. obviously yahoo! has to present itself as a mobile first company. that is critical. they have the model of facebook which did exactly that. we will focus on nothing but developing mobile apps that experience. for yahoo! everyone's known for a long time it has so many eyeballs from monetizing that. it's an uphill climb, but giving advertisers the tools, putting those right in their hands so they can turn it really into money doing ads in these products and delivering ads to pull in new customers is a fantastic way to go. it's so smart. >> you bring up facebook. i can understand their challenge moving to mobile. it sounds more like a technology one and people want to use it. how many people here have yahoo! apps on their phone. >> yahoo! weather. it's beautiful. the best weather app. >> weather gets great reviews. so does

job josh lipton joins us with the nuts and bolts on pebble. >> if you needed more proof wearables arepebble is raising for its latest wearable. the startup launched a campaign on kickstarter for its new start watch called pebble time and it's proving to be a big hit. some 43,000 backers have already contributed more than $9 million, the fastest funded campaign on kickstarter ever. now, the new start waven is water resistant, features a color display, and up to seven days of battery life. it will retail for 199 bucks, but pebble faces a real challenge, specifically the world's most valuable company. apple will ship its watch in april. the company reportedly asked its suppliers to make as many as 6 million units of its watch during just the first quarter. still, pebble's ceo told "squawk alley" he isn't worried, not one bit. >> we're the most popular smart watch plat norm inform in the world. the direction we're taking making a watch that works really well as a watch but is also very smart is the one that consumers actually want. >> now, pebble boasts advantages of its own. it's new wea

. >>> i'm josh lipton with your cnbc market wrap. stocks posting solid gains today.g 196 points. the s&p up 25. the nasdaq adding 41. apple will spend $2 billion building a new global command center in mesa, arizona. it will employ about 150 full-time workers and be totally powered by renewable energy. that's it from cnbc, first in business worldwide. thanks to angie's list now it is. we've made hiring anyone from a handyman to a dog walker as simple as a few clicks. buy their services directly at angieslist.com no more calling around. no more hassles. start shopping from a list of top-rated providers today. angie's list is revolutionizing local service again. visit angieslist.com today. you pay your auto insurance premium every month on the dot. you're like the poster child for paying on time. and then one day you tap the bumper of a station wagon. no big deal... until your insurance company jacks up your rates. you freak out. what good is having insurance if you get punished for using it? hey insurance companies, news flash. nobody's perfect. for drivers with accid

josh lipton live in san jose with the details. ler, all have you to do is take a look at the city skyline which is now dotted with cranes. between 2009 and 2011 the city issued just 13 permits. between 2012 and today the count spiked to 87. those cranes are used to develop office buildings where asking rents now average $63 per square foot. that is more than double the national average, and even with those prices 60% of the space under construction is already leased. that's according to jones lange lasalle, a real estate services company. since the trough at the againing of 2010 commercial real estate prices have skyrocketed nearly 90%. when prices surge that quickly, some might worry that a bubble is developing in this market but real estate developers in san francisco strongly disagree. >> we believe in this market having long long-term legs. we don't believe the silicon valley is going away. we don't believe san francisco is going away. if an adjustment occurs ironically it's good for our business because that means prices will

the action camera maker is set to report quarterlies after the closing bell and josh lipton is in san jose with what investors need to know. >> reporter: well tyler, today analysts expect go pro to report q-4 eps of 70 cents on revenue of $580 million. that would represent 61% growth on the top line. analysts estimate that go pro shipped at least 2.3 million cameras in the fourth quarter versus 1.4 million in the year go period. looking ahead, analysts say the question for go pro is how the company can expand its reach and product mix. for example, go pro currently dominates 94% of the action camera market here in the u.s. according to npd. now analysts argue the company needs to expand its footprint, especially they say in china. there is also the expectation that go pro will diversify its portfolio of products possibly into drones and also finally, beyond devices, the street wants to see the company continue to leverage its content as a media brand. already, remember there are go pro channels on youtube, xbox and virgin america. the company just announced a go pro channel is coming

. >> coming off this piece that our josh lipton just did, which i know you are listening to, do you lookt these valuations of some of the other companies and say this is totally out of whack, or i got to get me some of that? >> i'm much more focused on my industry and not so focused on what's going on with these other companies? >> were you surprised? you must look at valuations, though, of a b&b or uber. does it shock you? you look at the numbers. >> like you said, these are companies that are actually making real money and have real long-term activision in the way their companies are growing. i don't think it's insane for these valuations to be going up. these are companies that can expand globally really quickly because of technology, and, yeah, i don't think it's insane. >> tell us exactly how your business works. >> so hinge, we're a dating app, but we help you meet real people through your real friends in real life. so the kinds of people you would meet at a house party and dinners and weddings. we just help facilitate those introductions every day. >> not -- so it's not a location

. >> on top of that we have breaking news on apple with josh lipton. what's going on, josh? >> well kelly, this news from apple just crossing. apple is going to expand its footprint in arizona making a $2 billion investment in mesa arizona, for what apple is calling a new data center. it will be a command center for its global networks. one of apple's largest investments, it's going to mean 600 engineering and construction jobs. like all data centers it will be powered by 100% renewable energy. this site used to be housed byg t advanced technologies the company that supplied sapphire material to apple. apple will not be using the site to manufacture sapphire just being used as a new data center. the governor of arizona calling this a huge win for the state and that it will bring significant economic investment. guys back to you. >> all right. some news there. josh, stock up a little bit but a lot of things buffeting this name. we have six more weeks of winter meanwhile according to punxsutawney phil. and another mega snowstorm is crushing much of the nation. >> we have the w

josh lipton at story live from san francisco. josh. >> well i'm here in this one bedroom in san francisco with its wall of windows, its updated kitchen, great views, but it's the perk that the seller is throwing in that's really making some attention. we're going to talk about it when "power lunch" continues. ameriprise asked people a simple question: can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement today. >>> welcome back to power lunch. check out shares of boeing. one of the best performing stocks -- the best performing component in the dow industrial average. a.j. analysts are upgrading the shares saying the company is on its way to trading at

>> it was interesting to watch the after-hours action on gopro, because when it came out, told josh liptonr the past quarter our report on the story that it was a gopro christmas, we saw that in the results but then some questions when it came to guidance coming in at the lower end of the range. woodman, though talking about the potential with media. he's really got his eye on the content now that more people own gopros how are they going to be able to monetize that. that's going to be the big question i think for gopro going forward as they continue to sell more of these cameras and saturate the market even further. >> yeah. linkedin, 61 cents, pretty nice beat by about eight cents. revenue ahead. some people said last night twitter got all the attention, gopro got all the negative attention and linkedin was quietly crushing it pap lot of enterprise a lot of businesses adding the service to help them evaluate prospective employees. >> a lot of that was international. 70% outside the united states in terms of the membership. 347 members. twitter got a lot of heat for not adding monthly use

josh lipton thank you. >> a stock in a company you likely know getting absolutely slammed today.lain why. plus, are there opportunities in chaos? how can you invest in russia? we're going live to the big sports conference taking place in boston for a look at one cool gadget that could make your favorite player even better. stay with us. automotive innovation starts... right here. with a control pad that can read your handwriting, a wide-screen multimedia center, and a head-up display for enhanced driver focus. all inside a redesigned cabin of unrivaled style and comfort. the 2015 c-class. at the very touchpoint of performance and innovation. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. your mom's got your back. your friends have your back. your dog's definitely got your back. but who's got your back when you need legal help? we do. we're legalzoom, and over the last 10 years, we've helped millions of people protect their families and run their businesses. we have the right people on-hand to answer your questions backed

let's go to josh lipton with more. >> well brian, sba communications might not ring a bell, but plentysh they had bought it when the nasdaq hit that low 13 years ago. since then it is the top performer in the nasdaq. it's up more than 51,000%. the next two biggest gainers, monster beverage at 50,000%. netflix takes a surge of 18,000%. sba is a tower company. it makes money by leasing and tennis-based carriers like at&t and verizon. it's really a broader play on the explosion of mobile device. remember, 2002 the iphone didn't even exist at that point. now the number of smartphone users worldwide will surpass two billion in 2016 according to e marketer, so that means carriers they need to lease more antenna space from companies like sba to meet that growing customer demand for mobile data. >> whether you are using an ipad or whether you are using an iphone every single carrier at this point in the u.s., and abroad for that matter. >> some 7,000 towers there. one risk for investors, carriers consolidate or dramatically cut their spending but analysts don't expect that to happen any time s

josh lipton has a couple of ideas josh? judge the quality of their sleep, it's not just apple watch but consumers are clamoring for jawbone fitbit, mike creasecrosoft band. yesterday pebble raised $6 million for kickstarter in one day. passion for wearable technology could become even greater when apple watch ships in april. that will lead to increased growth in the wearables mark according to analysts at idc. they project that the u.s. wearable market will reach more than 24 million units this year. from there, it's expected to surge to nearly 40 million units in 2019. beyond the hype, though remember this is a market that does face real challenges. a third of consumers who buy wearables end up not using them or using them infrequently according to pricewaterhousecoopers. in the near term patrick moorhead of moorinsights and strategy says the market will remain small because too many wearables mimic functions of smartphones. longer term, he thinks the design of wearables will become more sophisticated and more subtle and w