and kara swisher is on deck. she says the ghost of aol will offer the time warner deal when "squawk alley" comes back. >>> coming up today, bill miller of lmn investments is with us for the hour. he's beaten 99% of his peers over the last five years. we'll find out where he sees opportunity today. >>> plus, housing expert's top picks in that space. "half-time" starts at the top of the hour. see you in less than 20 minutes. >> sounds good, scott. >>> meanwhile, a new iphone 7, burning samsung and google pixel, the smartphone battle is heating up. this morning we heard from randall stephenson on the importance of mobility as he announced the deal with time warner. >> so, what does change, why put the two companies together? it gets back to what jeff said, speed. all right, this thing, the world of distribution and content is converging, and we need to move fast. and if we want to do something truly unique, begin to curate content differently, begin to format content differently for these mobile environments, and th

kara swisher, always good to see you.weekend. >> thanks a lot. >>> when we come back, cloud software firm blackline making its market debut today. looks pretty good. up 48%. we'll talk with the ceo in a first on cnbc interview. later on it may sound like something out of science fiction, but what doesn't from uber these days? why it says an unmanned flying drone may be your driver in ten years. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, r

executive editor kara swisher. good morning to you too. >> how you doing? in d.c., actually. >> all right. let's get to our top story today. i think we'll work on kara's audio there. shares of microsoft at all-time highs this morning for the first time since 1999, the company beating the street on the top and bottom lines and showing significant growth if the cloud. former microsoft ceo steve ballmer joining our friend op "squawk box" talking about the stellar quarter and a potential acquisition of twitter. >> i have never, ever, ever wanted to buy twitter myself. i mean, come on. i've got a good life right now. i don't need to do that. >> of course, mike, they asked the question because he is a large twitter shareholder, not just an outside tech observer. interestingly on microsoft this morning, people are joking that it only took 17 years to get yours. if you were holding it since 1999, you're doing pretty well. >> doing pretty well. people are saying they initiated a dividend over that time, total return, you've been ahead of the game at least a little bi

joining us from one market is rico's executive editor, kara swisher.ood to see you today. >> good to see you. >> especially because shares of twitter are falling hard this morning on heavy volume on your report the stock on pace for its worst day since april. of course if you don't know already, kara is reporting that alphabet, disney and apple will not move ahead with any bid to acquire twitter. david faber reporting there are still other potential bidders looking at twitter. let's back up and try to explain to viewer what is the last couple of weeks, what the last week has truly been about. >> well, a lot of market turmoil, really. there's been a lot of speculation, a lot of conflicting reports and everything else. so we decided to go in and find out what really was happening. and it's not to say these companies didn't look at twitter, and obviously everybody has to look at twitter. it's one of the few platforms left that is of that size and is a huge distribution platform. so i think these companies considered it, they were in talks with them, you k

kara swisher says, no, it's not a vikt railroad for for time warner. maybe it's a realization and a resignation that they couldn't come up with their own digital strategy so they have to do a deal like this. >> look, the media industry is facing a changing consumer behavior. we're moving away from live linear tv. look at tv ratings. across the board, everybody is getting slaughtered. it's not just the nfl, which is the headline grabber. the entire linear tv ecosystem in primetime is really getting beat up badly. i think the reality is as we shift to an on demand world without commercials, as we move to a mobile first environment, the media industry -- the legacy media industry, meaning the cable network product that kind of has been the basis for all of the media stocks, is very challenged, and i think this is literally time warner going, look, we have a buyer right now. in two years it's going to be worse. we found a buyer right now willing to take our business. at&t is diversifying. i don't think they love the turner network business, but they're div

let's bring in kara swisher who dpro joins us by phone. are you hearing of any potential suitors?think the problem was that the potential suitors got overhyped and now they are in a mode of thinking everything is for sale. it is a problematic company. we did a lot of analysis about a month and a half ago. everyone of them had hair on them. i don't know how else to put it. everybody had a reason not to including price. i think the issue is a lot of people would look at it at a lower price for sure. i think pretty much everyone considered a bidder look at a as a lower price. it is kind of a bad situation that way. the other potential buyers are problematic like chinese company would have a lot of trouble passing committee on foreign investment. you can think about microsoft or ibm. again, all of them have other things they are doing and twitter is really hard nut to crack. >> kara, do you think that part of the problem here is the valuation they were looking for? is that part of the issue here or is it just that the whole business model doesn't make sense to people right now? >> pri