josh lipton has it. josh? >> that's right, scott. >>> the invitation a lot of investors waiting for, apple putting out a formal invitation for its fall event on september 7th. the convenient, the invitation saying, please, join us for an invitation-only event at the bill graham civic auditorium in sfr san francisco. 10:00 a.m. dual camera, updated home button. the question whether the iphone 7 can help revive growth in the iphone franchise. analysts like pieper jean munster says still about 275 million active phones has are on the iphone 6. at least two years old. the bet there for the bulls, there's enough people selling older models upgrade even if we get in the fall are incremental changes. the event on september 7th here in san francisco for apple. back to you. >> josh lipton, thank you. >>> time to take a break. >> not at the muss coney center. at graham. you and i been there three, four times for events always at the muss coney center. >> does this event have the same gusto assess in the past if we know

i'm josh lipton in san francisco. >>> getting in the mood now. olympic fever hitting rio with the city putting the finishing touches ahead of the opening ceremony that takes place tonight. the opening of the world games comes as they voted to clear the way to suspend for president to be removed from officer. the 21 committee voted 14-5 to try for doctors government accounts. jamie anderson is managing principle at funds. welcome to "street signs." good to have yo with us. aren't we already kind or weren't we already factoring in there was a big chance of her leaving. >> yes, good morning. it's great to be here. thanks for having me on. you're absolutely right. this has been priced in. what we're seeing investors now pricing in is to be a rate cut in the fall. just this week, we saw the headline inflation figure for south pal low trend down. that's what we're seeing across the board. it's boating well for yield assets. it's important for investors to realize that real yields in brazil are 300 basis points. if you factor in the potential for a 3 hu

josh lipton joins us from san francisco. josh?, bill, twilio is up some 180% since that june debut. today wall street thinks the company is going to report a q2 loss of 14 cents on revenue. $58 million. focusing on the company's dollar-based net expansion rate, that's a fancy way of saying revenue of active customer accounts. surged 170% in q1. remember whassap and using dwil owe. at the same rate? we could soon find out. back to you. >> all right. thank you. we'll see you at the top of the hour when the numbers come out. joining us on the floor of the new york stock exchange is david pearl, co-chief investment officer at epic. >> hey. >> you're one of those guys that's -- you're a stock guy. i mean, you are always looking for free cash flow, high profitability. those kinds of things. are you seeing that in the areas of people interested in investing right now? are you having to be a contrarian to invest these days? >> felt like we have been a contrarian for 12 months, to tell you the truth. we have had three corrections. every co

josh lipton in san francisco has some of the expectations and maybe we will find out if they are goingannounce some layoffs today, huh josh? >> maybe, bill. but as for results, investors not expecting much when cisco does report. q4 up 60 sent on revenue of $12.6 billion. that represents a drop of about 2% on the top line. rbc's mitch steve says to also focus on gross margins which need to come in close to 64%. that, he says, would indicate cisco is doing a good job at transitioning way from hardware to software services and security. there are also reports as you mentioned, bill, that cisco could be ready to cut 20% of its work force. ceo chuck robins will be on cnbc to discuss reports as well as these earnings results. that is tomorrow on squawk on the street. back to you guys. >> all right, thanks, josh. we will see you a little bit after the top of the hour. joining us now on the floor of the new york stock exchange. laura rossener and ken mahoney from mahoney asset management. the idea behind the release of the minutes is among the things the fed does to be more transparent but do

he joins us with josh lipton looking at apple's recent battles of big government everywhere. jon, start things off. >> all right. well, eu regulators says apple owes ireland $14.5 billion and ireland says, no, they don't. eu regulators claim apple paid a tax rate on 10 million euros on $16 billion in profit. they say that's based on 2011 figures. apple in a call with journalists refuted that. cfo called it a completely made up number pointing out apple paid $400 million in ireland in taxes in 2014. 40 times the number regulators used and the profit number he said was too big. so what it comes down to is this. when is a country entitled to corporate taxes? where it's designed or sold? apple argues that it's been based on where it's designed, the value added and that's in the u.s. and earmarked the overseas cash to return to the u.s. of course, apple's critics in the u.s. love to see it repatriate the cash. apple said they won't at 40%. but everybody wants their hands on the money, mike. >> absolutely. except for ireland. jon, stay right there. let's send it over to josh lipton

. >>> let's get to josh lipton in san francisco with a news alert. chnical difficulties ] >> we're going to -- >> all right. so josh lipton, we can see josh speaking, we cannot hear josh speaking. >> look at the bottom, tara, don't move. >> it's good tv, not good radio. josh, get your mic fke fixed, p you back on. i think josh is going to hit tax dealings hearing about apple stuff the eu going to rule against ireland's tax dealings with apple this according to reuters. a lot of fighting about the money that -- because remember apple's got its irish entity of which a majority of its revenue somehow goes through the irish entity. and there's been a lot of fights over what the tax dealings and what the tax rates are going to be. >> josh lipton. >> yeah, sorry about that, guys. that's the magic of live television. but i think you hit the headlines here. the european commission's going to rule against ireland's tax dealings. this is according to reuters that apparently the figure here that the ec is going to recommend apple pay back taxes in excess looks l

we want to head out to josh lipton for us. osh. >> well, mike, we had just told you that google sold about 4,000 shares, about $3 million worth of stock. worth knowing that alphabet refiled some paper work noting that the transaction was pursuant as i think you pointed out, mike, to a trading plan. so it's not as though pichai is pulling the trigger on this. ninth straight month to sell about 4,000 shares. back the you. >> thank you. appreciate that. >>> here right before the close, bob pisani here. no net movement and bouncing around a lot. >> this is a great day to take a look at the chart saying what happened today. so there were five separate periods where the s&p suddenly hit air pockets and dropped ten points or turned around and rose ten points and on absolutelying in. >> almost half a point. >> a significant move. this is days where the volume is light. norm alibi and sell programs through the market. there you are. a few of them in. see the arrows? all of a sudden at the open and then an hour later up and then an hour

dave joins us to talk about the latest batch along with josh lipton. >> thank you, kayla and thank you joining us this morning. >> good morning. thank you for having me. >> so more than 40 start ups at this demo day. what was the big trends and themes for this class. what was any specific technology that blew you away here? >> well, for us a lot of things we focus on are every day needs for people all over the world. a lot of our emphasis this is time services for business and also beauty and fashion. so surprisingly a lot of the online world is a great way for fashion companies to get the message out and certainly there's lots and lots of businesses adopting online technology. >> we talk about b to b software today. what was interesting is those are exactly the kinds of companies that are going public what do you think is attracting public market investors? >> money. >> one of our companies just went public recently and went quite well after the ipo. they deliver services for he helping them create messages on sms and platform and growing and getting close to profitability and they ha

josh lipton. in case vacation last week, karen, you sold on apple. >> two-thirds.ple sold. for no other reason that i don't know what the right multiple would be here. selling into quarter did the right thing to do. i got to say, if the it is waterproof, that is a good thing. that is a huge thing. >> is that what taking the headphone jack out means? why is that special? >> wireless one -- i don't know. >> i think wireless charges would be fantastic. >> you can do that now. >> but if that's the standard. >> let me ask you question. talked china taking preorders. wouldn't somebody know if that were true? who do they take the orders from? >> i mean, i don't know. somebody -- >> once the stock and provider, who wants and we're watching do a wait list because we're going to get an allocation and we want to know what demand is. if you liked china, you're going to love india. i think the penetration is lower and i know you're worried about asps, but they're going hard on india and i think if anything -- >> why is everybody discounting the india side of the story. why is e

josh lipton got a personal tour of the company and joins us now with more on planet, josh. >> brian,lk to vcs investing in space start-ups, they'll tell you satellite builders are some of the ones that excite them the most. that's where planet comes in. they build small eight-pound satellites to orbit earth and capture images of the entire globe. the satellites, or doves as they're called, are flown by companies like spacex to the international space station. from there astronauts gather the satellites and send them into orbit. right now some 60 doves circle the earth. >> each satellite comes down taking a strip of imagery, and the next one takes a strip just next to it because the earth is rotating, so it ends up being a scanner for the earth. the whole earth gets covered in 24 hours by one ring. >> the company has signed contracts with more than 100 customers such as ag giant bayer crop science which uses the imagery to gauge the health and yield of crops. vcs say though it's the founders that won them over all former nasa scientists. >> it's really combination of skill sets requir

for cnbc, i'm josh lipton in san francis francisco. >>> amazon is expanding presence in egaming sectorto each other. some call it skype for gamers. the acquisition comes after amazon paid nearly $1 billion to buy twitch back in 2014. now the global video games market is now worth almost $100 billion. it's up 8.5% for last year. that's according to the 2016 kb games market report. first fund focused on the gaming center holding companies specializing in the gaming economy. andrew, chairman and founder, great to have you on the show. start by explaining what we mean by video gaming versus video games because for most people the perception is too nar owe. >> absolutely. thank you. the video game tech etf and the technology can transcend more entertainment and games. you're looking at a fund that holds the software companies and the game developers, but the console makers, chip makers, companies looking to do things beyond entertainment such as using video games. you hear the word gamification. we're seeing it transcend into the classroom. >> i guess the use of augmented reality with the e

josh lipton is in loews all to . >> reporter: tim cook is hosting this fundraiser on his own accord.will be joined by lisa jackson, she, of course, is apple's vp of environment policy and social initiatives. for these two executives it's really a way to passaic sure they have a friend in the white house if hillary clinton does win in november. >> if they can host a fundraiser that is a great way to ingrtiate themselves with a future party leader and to ensure if they have concerns legislative or other policy concerns in washington, that those concerns will get a fair hearing. so really this is all about access. about ensuring cordial relations so that they are in a position to call in this chit should the need arise. >> reporter: cook by helping to raise money for clinton is backing silicone valley's preferred candidate here, the tech industry has donated $3.3 million to clinton through june, according to crowd pack. trump has received just $117,000. earlier this summer clinton did unveil a series of proposals for tech. she says she's going to push for affordable internet access for

i'm josh lipton. some new data out just now from apple showing its progress to increase diversity at the company. in the past year 27% of new hires in the u.s. were underrepresented minorities, that's up from the previous year. also 37% of new hires globally were women. also higher than a year ago period. apple noting it had made greater strides as well in pay equity here in the u.s. still looking total work force 68% of apple employees are male, 56% are white. many tech giants we know in silicon valley are working harder on diversity. so why is there greater minority representation? some try to blame that on what they call an education pipeline problem. others say it's a matter of corporate culture. but apple today arguing it is working harder to address that issue. guys, back to you. >> thanks, josh lipton. >>> both donald trump and hillary clinton have very high negative ratings with voters. many of whom expressed unhappiness with their choices. next guest refutes the notion american voters only ha

josh lipton reported he wants a friend in the white house if hillary clinton dpuz get elected but whatthe risk that tech further alienates itself from washington if donald trump gets elected because that relationship has been framed for the last few years and perhaps they meet a friend either way. >> i don't think they care. i think they would oppose a lot of stuff. you know, tech is very powerful. what exactly would happen. immigration issue is very serious. obviously there's fight with whoever is in the white house over encryption and that's been a big deal and hillary clinton has been firm on that. she has talked about talking to people but she is on what the white house has been saying so there's going to be back and forth with any administration but i don't they they will back down from their issues around intolerance just like what they're doing in north carolina and indiana around gay issues so i don't think that's going to change that much and i don't think they'll cooperate with the trump administration just for political points on major issues at least. >> i wonder whether th

josh lipton, how did they look?tbit reporting, bill, eps of 12 cents verse expectations of 11 cents. on revenue, 587 million. versus expectations of 578 million. just looking through the release, bill, units sold, 5.7 million, a bit better than expected. gross margin, 42%. that verse estimate of 48%. just spinning ahead, it looks like the outlook for q3, they're giving us guidance of 490 to 510. revenue is at 497 million. eps guide there for q3, 17 to 19 cents. analysts modeled about 17 cents. finally, for the full year, the revenue guide here of 2.5 to $2.6 billion. now, on the call, obviously, analysts will have more questions about units and average prices. as well as how those newer products like the alta performing and finally any hints, colo about the product pipeline of features and functionality at 5:00 p.m. eastern. guys, back to you. >> the stock down 1.2% right now, mike. >> yeah. looks like the guidance for the full year sales is right about what the street was looking for and not awful lot of new inform

josh lipton has more. josh? >> kelly, easy beats here for them..13 versus expectations of 78 cents. looks like revenue pops 31% to 933 million. that's verse estimates of 898 million. just looking through the release, kelly, talent solutions, what recruiters use to spot the job candidates on the site, that was 597 million in revenue. marketing solutions, 181 million. premium subscriptions, 155 million. those are all beating estimates. it looks like cumulative members, to 450 million. in a statement, jeff wiener saying joining forces of microsoft enables us to further accelerate and scale our ability to deliver value and create economic opportunity for everybody member of the global work force. there's no conference call here because of that pending merger with microsoft. back to you. >> should have those shares pinned around 195. still, stephanie, just joking that now they go ahead and deliver some nice results for shareholders. >> now beat on earnings and margins looked okay. so just a little ironic but, hey look, microsoft is making a big bet on

now here's josh lipton with the cnbc market wrap. >> reporter: thanks, steve. u.s.than expected jobs report with the u.s. economy adding 255,000 jobs in july. the dow rising 191 points. the s&p climbing more than 18. the nasdaq tacking on 55. that's it from cnbc, first in business worldwide. >>> it's time for the "your business" entrepreneur of the week. john grew up in his parents' grocery store. with competition from the big chains, the old world grocery could no longer compete. so now they don't. now they focus on one thing only, soda. they sell over 750 kinds. for more watch "your business" sunday mornings at 7:30 on msnbc. will your business be ready when growth presents itself? american express open cards can help you take on a new job, or fill a big order or expand your office and take on whatever comes next. find out how american express cards and services can help prepare you for growth at open.com. find out how american express cards and services takbbq trophies:hese best cracked pepper sauce... most ribs eaten while calf roping... >>yep, greatness deserve

josh lipton is on the seen right now. josh? >> mike, i'm here in los altos, california.ook will be raising funds for hillary clinton and the democratic committee. for apple ceo, it is all about access to powerful politicians. >> for him, you know, this is a multinational corporation. he leads a powerhouse. lots and lots of issues before the federal government and it never hurts to have an open door. someone you can call when you're in a time of need. >> now with this fund razor cook is throwing his weight behind silicon valleys preferred candidate. donating $3.3 million to clinton since june. strum. receiving just $117,000. clinton supporters including facebook's sandburg, investors like chris sacka and even tech heavyweights like meg whitman and andresen. there were a series of proposals for tech including affordable internet access for all house holds by 2020. student loan deferment o program for entrepreneurers giving up to $17,500 in debt as f they launch a business in distressed community. and start-up visa allowing top entrepreneurs from abroad to come to the u.s.

josh lipton has the story in san francisco for us, josh? >> reporter: that's right. so reuters now reporting that the european commission will rule against ireland's tax dealings with apple tomorrow. and that dublin is told to recoupe over 1 billion euros in back taxes or about $1.1 billion. there's a special arrangement of the two sides that ireland dodge international tax rules by allowing apple to shelter profits worth tens of billions of dollars and apple keeps employing people in ireland. both sides deny any wrongdoing, however. moments ago white house press secretary josh earnest did weigh in. take a listen. >> the united states is committed to tax fairness and make sure that the kind of agreements with other xuns are not manipulated to allow certain companies to shirk their responsibilities. >> reporter: now, for their part, irish officials have told the press that they didn't give any state aid to apple, they'll defend the international reputation. apple denied any wrongdoing, as well. in interviews, ceo tim cook said there was no special deal with ireland. t

let's get right to josh lipton for the latest on this story. josh. >> well, michelle, the european commission might have decided that ireland gave apple a legal tax benefits, but it now has a big fight on its hands. ireland's finance minister telling cnbc that apple does not owe his country taxes. >> we think the commission is getting involved in what is the competence of sovereign governments in europe. the european treaties say that individual countries are responsible for taxation policy. and this is an approach through the back door to try and influence tax policy through competition law. and we don't agree with that. >> for his part, apple's tim cook also is not taken this decision lying down saying the european commission has launched an effort to rewrite apple's history in europe, ignore ireland's tax laws and upend the international tax system in the process. the white house also weighing in. >> if there are concerns the europeans have about some of these international mechanisms, then we should continue to make progress by working throu

josh lipton waiting for yelp and speaking to bob iger about the company's latest results.irst on cnbc interview coming up in moments with julia. you do not want to miss it. but joining us for the hour we have got dennis berman of "wall street journal" and robert luna and steve grasso will be joining us in a moment. dennis, disney finishing at the top of the dow on a quiet trading day and mentioning stocks holding the gains. >> actually a pretty boring day. let's be real. right? nothing much changed but -- >> boring? i'm not familiar with that word. we tend not to use this. >> i'm sorry. >> quiet is fine. >> quiet is fine. perhaps not the most exciting day and the point of stocks continuing to perform, here we are. 10-year about 1.56. bond yields around the world close to 0 or almost negative. same spot as we like to say at "wall street journal" and write it on the whiteboard. tina. there is no alternative. that's bearing out. what's interesting is to see how that mind-set, philosophy, sweeping in the nasdaq stocks underperforming for basically all of 2016. >> robert luna,

josh lipton is live in san francisco with a look at cook's performance over the last five years. sh. >> reporter: well, michelle, let's start with what traders and investors focus on, the stock. under cook's watch apple is up more than 100%. total return to shareholder, so stock appreciation plus dividends clocking in at 121%. as for the top line apple enjoyed revenue growth of 113% through its fiscal year ending september 2015. in the three quarters since then though revenue growth has dropped an average of 8% on a quarterly basis. turning to products, cook scored a home run with that iphone 6, which drove big jumps in revenue growth from 7% in fiscal year 2014 to 28% in 2015. as for the watch, analysts say it has to be decoupled from the phone to prove a real hit long term. rbc estimates apple so far has sold 14 million watches, generating $5 billion in sales. cook does remain confident about the ipad whenever we speak, especially its role in that workplace, though that product does now account for just about 12% of total sales. and finally, beyond devices cook we know has worke

let's get to josh lipton with more on the story. >> when they're looking for an edge, many in tech turno so-called nupropics, supplements that claim to boost stamina, memory, and mood. i caught up with a product designer who takes one such supplement called rise. it includes herbs that supposedly help with memory. he says rise helps him focus. >> after being on rise for a while, i found i could read without fatigue a lot more easily, so i can basically finish a lot more of the book without getting distracted by doing something else. >> he isn't alone. vcs also see opportunities. 17 start-ups focused on targeting the brain with different products and solutions. not everybody is a fan. >> there are no randomized trials in human beings that show that these nutropics have any benefits above and beyond what we would see if someone were to follow a healthy diet and maintained regular exercise. >> it doesn't end there, though, as they try and improve cognitive and physical performance, techies also telling me that they fast sometimes up to 60 hours at a stretch. others take real drugs like pro

to josh lipton we go to a news alert. >> tyler, i'm here at intel's big annual developer show in san francisco where the company just introduced project alloy. now, this is an all-in-one virtual reality headset. all in one means walk around in virtual worlds untethered. projects should be in the market by the back half of next year. also new partnership just introduced between intel and microsoft to bring windows holographic to mainstream pcs running windows 10. intel stock not doing much today though up about 15% in the past three months. guys, back to you. >> all right, josh, thank you very much. on deck, a lifelong republican ceo is now prepared to check the box for hillary clinton. we are going to find out why. but first, your next guest says this is one of the most undervalued stocks he has ever seen. the name and the reason he's making that bold call next. >>> welcome back to "power lunch" everybody. i'm tyler mathisen. the markets taking a bit of a breather right now after a trifecta of record closes yesterday for the dow, the s&p and nasdaq. here to chat about the broader mar

josh lipton in san fran with that story. josh?rter: well, brian, vcs have already committed a lot of capital to space-related start-ups and they say interest is only heating up. >> believe it or not silicon valley has been inspired herdlike behavior. we're at the nexus at one of those where there's probably not a week that goes by where i don't get outreach from some other investor saying they're looking for a space investment. >> reporter: so far this year vcs have acquired $200 million across 20 space-related deals. that's on top of $2 billion in 2015. for companies like spacex. the start-ups that have raised the most money include spacex, one web which uses satellites to provide internet access. blue origin. satellite builder planet. and kymeta backed by bill gates that sells small satellite antennas. the rise of private spacecraft, analytics, as well as the increased efficiency and drop in price of electronic components. have all contributed to the growth of these space related start-ups. there are challenges though. vcs say t

josh lipton is in san francisco and he's got that story this morning. josh?, andrew, the trend is known as biohacking and it's increasingly popular among tech workers trying to improve their stamina, memory, and mood. tech workers take supplements known as nutropics sold by start-ups like san francisco based nutrobox to improve concentration and stay awake. they can contain herbs and biochemical components. i recently spent time with biohacker aaron ing who told me these pills do improve his concentration. >> i used to have bad attention problems. i found this has improved my attention dramatically. like, i can focus on problems i used to be able to get really easily distracted by and things like that. i think my memory's a lot better too. >> ng says he spends about a hundred bucks a month on these supplements. he's not the only one that's excited about this market. 17 start-ups targeting the brain with different products and solutions have now raised some $460 million. in addition to some, some employees fast every week because they think that improved produ