linkedin ceo, jeff wieder. great to have you. we will start with the elephant in the room, after the first quarter report, stocks plummeted. it still has not recovered. if the magnitude of the reaction there? say if it isto there. it is a market. a surprise.s when you look at the core elements of our business, they look healthy. when you look at north american field cells, growth has remained consistent. thesored up dates, still fastest growing business we have on scale. post the launch of our five ship on mobile, we have seen in a engagement onsed mobile and desktop. emily: do you think there is something they don't get -- that investors are not understanding? jeff: i think it is expectations. companies that experience hyper growth, there is a natural inclination to extrapolate those rates out over time. in the history of every hyper growth company there comes a point when expectations of start toor investors outstrip the business. isly: the analyst concern there are various pieces about linkedin that was wrong. they thought you

separately from how they operate linkedin globally.am a partnerships that allow them to do it in a very china way, complying with the censorship they need to do over there. matt: thank you for joining us. scarlet, back to you. , china'scoming up market for ipos, the hottest it has ever been. we explain why, next. this is bloomberg. ♪ scarlet: i am scarlet fu. "what'd you miss?" china's market for ipo's is the hottest it has ever been. betty liu joins us now to explain why. it has to do with government intervention. >> it does. not outright intervention. reading the tea leaves on what the regulators want. you are right on those numbers. the average ipo size is below 100 million dollars, so these are relatively small ipos. what the government is trying to do is stabilize the market, the chinese markets have not been the best as of late. ,y limiting the size of the ipo that limits the number of shares issued, which means there is less supply in the market and less of an ability for markets to get out of whack with a whole flood of new sha

linkedin reporting earnings. linkedin being purchased by microsoft for $26.2 billion. that reported last month. nickelodeon, networks, box office receipts. earnings from viacom weren't all that hot. that's why shares were down about a percent today. seaworld also disappointing report for the theme park operator. they're blaming actually, orlando terrorist attack back in june. they're also pointing to economic weakness in latin america. shares of seaworld are really hammered today as a result, down 13.2%. back to you. liz: seaworld has lost 2/3 of its market value from the ipo at 2013. david: look who is there. phil flynn talking about oil which is spiking about 2 1/2%. well above the 41 bucks a barrel price, close to 42. what is going on? >> it is out of bear market territory. this was basically a market, david, that was very oversold. we did get positive news. this morning big boost for oil was interest rate cut in the uk. more stimulus than anticipated. that is always good for oil demand. remember oil really sold off hard after "brexit" on concerns that would slow de

i want to applaud linkedin.y went from nothing to tens of millions of dollars of value -- billions of dollars of value and sold the company and got paid for creating this great thing. emily: they sold it for far less of what would it was worth. >> to me, an extraordinary outcome for the management and employees of linkedin. $26 billion out of that will require some gymnastics. i don't know if they cannot do it but it is not a sure thing. linkedin is tiny scale wised -- scale-wise compared to microsoft. it does change the story therefore it will probably work. emily: a quick lightning round with you. which of these companies do you think will get acquired in 2016 or soon thereafter? first, gopro. >> i doubt it. i don't think so. i think they are kind of an independent thing. emily: pinterest. >> probably. emily: who? >> i don't know. i can see a lot of buyers folding seeing a great addition to their portfolio. i think they are wasting their -- emily: lyft. >> they are sort of doing it now in their own industry. e

-- $50 for each linkedin subscriber., while many people use the site, fewer than a quarter science of the service on any given month. the deal is based on the theory that people will both use linkedin and microsoft if the platforms are combined. the bar is set pretty high for microsoft to justify the steel. theund this purchase, third-largest debt issuance of the year. this was done despite microsoft having enough cash to buy linkedin four times over. by selling bonds, it is capitalizing investor's appetite and lowing -- lowering tax bills. to abigail doolittle at the nasdaq with the big movers there. abigail: before taking a look at the big movers, we have another day of wait-and-see tight trading -- type trading. the nasdaq is up 1/10 of 1% as investors are treading water ahead of tomorrow's jobs report. beneath the surface, we have lots of movers. in terms of the plus side of the ledger, we are looking at a very nice day for some of the mega cap companies including facebook, amazon, microsoft, and intel. we have nice

linkedin is tiny, scale wise, in comparison to microsoft.is not obvious that this provides the left that microsoft needs to keep going, but it changes the story, therefore it will probably work. which of these companies do you think will be acquired, or will they be acquired, in 2016 or soon thereafter? gopro? roger: i doubt it. buyers, but i are don't think so. i think they are independent. it is not obvious to me where is a great fit. --pinterest.t roger: probably. i could see a lot of buyers rest is a that pinte great addition to their portfolio. i would rather own pinterest then yahoo!. emily: lyft? roger: they're kind of doing it now. emily: partnering with the gm. roger: i think that is the great strategy. my fear is that when lyft and uber enter the market the pricing was so compelling entry of millions into the market but did not create a business model with what i would describe as adequate margins to provide return on capital invested. i do not know how to get out of that box. that suggests a sale would be in the interest of everyo

extraordinary outcome for the management of linkedin.$26 billion of value will require some gymnastics. i do not know that they cannot do it, but it is by no means a certain thing. but linkedin is tiny scale-wise compared to microsoft. this really provides the lift to keep things going, but it does change the story. therefore, it probably is going to work. emily: what about some of these other deals like verizon and yahoo! and solar city and tesla? which are good deals in which are bad deals? with: let's start bloomberg, it did not look like they would be successful in china. they were bleeding a billion dollars a year. this is clearly a loss relative to the long-term strategy, but if you look at the opportunities that they face it probably the best play they could have had. i look at that is very smart. i think uber's situation is challenging. it appears that the competition is a lot easier into the marketplace than they were originally asserting. getting rid of the distraction of china will help them compete better in the markets where

but linkedin is tiny scale wise compared to microsoft.tolly provides the keep things going, but it does change the story. about some of these other stories like verizon and yahoo! and solar city and tesla? twins are good and bad roger: let's start by -- start with eating. that was a really and move by uber. like they wered going to be successful in china and they were leading up to lien dollars the year. bleeding a billion dollars a year. the long-term for strategy but if you look at the opportunities that they face, it probably the best play they could have had. the competition is a lot easier into the marketplace than they were originally asserting. they are going to need that. edition through subtraction. -- addition through subtraction. they've got aol and aol is not going to change the direction at all. it has helped the management team feel better. or double downup on that opportunity. i think the sad ring about yahoo! is you have had several generations of energy past with building on the great brand that they have. no one was able

we'll get linkedin reports. a change in a reporting structure and there are new guidelines. this is important for new markets. this is predicted to fall from year over year with no major game launches. we will bring in the revenue every day. now, to a story of pokemon go. this game has not launched in russia yet. there is an estimate that there is a sevenfold increase in moscow in the last week. they trick the phones to think they are in different countries. they want to capture cultural and historical figures like ivan the terrible. tomorrow, we have roger. that is all for us in san francisco. this is bloomberg west. ♪ ♪ >> oil slides into a bear market. renewed fears of persistent oversupply. crude is trading at levels last seen in april. rishaad: japan's latest plan to revive the slumbering economy. the new plans for stimulus. yousef: lenders are discounted loans to ease liquidity

linkedin reports.ng on thursday, one thing we have learned about is a change in a reporting structure and there are new guidelines. this is important for new markets. this is predicted to fall from year over year with no major game launches. we will bring in the revenue every day. go. to a story of pokemon this game has not launched in russia yet. there is an estimate that there is a sevenfold increase in moscow in the last week. trick the phones to think they are in different countries. they want to capture cultural and historical figures like ivan the terrible. tomorrow, we have roger. that is all for us in san francisco. this is bloomberg west. ♪ . . . ♪ >> from our studios in new york city, this is "charlie rose." we begin with politics. the democratic national convention came to an end on thursday. hillary clinton became the first female president -- candidate for president by major political party. she criticized her opponent, 's, temperament, and called for unity pretty joining me is megan murph

than 20.s let's talk about linkedin very quickly.kedin together being a competitor two years down the line? >> i think that is why they did five times to get it. he really stressed. it will be more of a challenge to his core business because all of the data in linkedin will make microsoft software better. cory: does microsoft have that software? >> yes here it if you take all the data on linkedin, who knows the person you're trying to reach you put that in. cory: you want to find out the potential customers, that information is on linkedin in a that -- data friendly way tells you hear are all of your potential customers and so on. >> here who -- here is who you know who knows the person you're trying to reach, and here is who you know who knows someone has taught. it easier.ill make a forest fire now. the wind blowing through there is the capital. as long as interest rates stay low, you will stay clear of it. as usual, thank you. cory johnson there. scarlet: up next, early indications with july's show china companies -- preventing fu

s hit her up on twitter or linkedin if you know ofit something. the pbs newshour i'm roben farzad in new york. >> ifill: next, to another in our brief but spectacular series where interesting people talk about their passions. tonight, we hear from alec baldwin, famous for his decades long career in film and television. he is also now host of a wnyc studio's podcast, "here's the thing." when i first started listening i remember thinking he was born to host public radio. >> good lord. (laughter)r) >> wow, i've never been insultet like that in my life. >> i don't need to be in some batman versus superman film, too old for that.d i was born to host, am i leonard peyton, jr.? ♪ acting was like sex. when i was young, i would do it with anybody. you get bedazzled by money and other things.i i always say to people don't live a big life in your early career so you can really, realll have a career like liam neeson or daniel day lewis.le colin firth, kevin kline, the people who succeed the most ino the business, it's the most important thing in their lives,

linkedin, there's kraft heinz up 3%. not a lot of movement in linkedin, guy.e'll look closely at the results and this one's usually what happened a couple of quarters ago? it fell like 50% the next day and unusual to see it not budge. >> you have the deal, i think the deal for linkedin trumps any earnings release. mike and stephanie can speak to that. >> looking to see if microsoft stock reacting to the beat and that's not happened yet and not moving just enough i think to register that. >> well, what different days it is here with microsoft now being the one to own it. guy, thank you. just a parting thought before you go of jobs or anything else that's a key thing to watch here? >> i'm so fired up for this jobs number. two extremes over the last two months. so tomorrow do we split the difference tomorrow and have some benign nonevent or get some outlier? i don't know. but it's fascinating to see because the bond market is absolutely going to move on the back of this so i still think rates go lower. tomorrow's a long way to tell the tale on that. >> thank you

it will be linkedin 's cult will most important discoveries in space in recent memory. >> details of a planet that has scientist in earth giddy with excitement. the discovery in space. >> that and more in this editio of the update with natalie herbickat. this point.only takes responsibility for that attack. tesla putting more power in its electric cars, ceo elon musk says the new version is the quickest production car in the world goes from zero to 60 in 2.5 seconds it has a new 100-kilowatt hour battery pick that extends its range to 350 miles from the current 275. starts at $134,000. this is story of scientists in europe confirm it discovery of an earthlike planet that's near the closest store outside of our solar system and could have a life supporting atmosphere, th 4.25 light-years away, it is called one of the most exciting discoveries in recentex memory. >> the want to ban swimming with dolphins in hawaii because it impactsem their health, marine life experts say that the nocturnalal spinner dolphin is impacted by the constant human interaction they expect to make a final deci

. >>> a special meeting set for today for linkedin shareholders to vote on a buy-out by microsoft.hey are voting on a non- binding proposal for named executive pay. it's a $26 billion deal that could make linkedin's chief executive's hiring package worth about $88 million. microsoft hopes taking over the professional networking site will put it at the center of people's business lives. >>> live look at the big board on this friday. the dow is down 43 points. >>> right now, fans are flocking to kanye west san francisco pop-up shop, lines outside the store at 45 wentworth place stretch for at least two blocks with some sitting waiting for the doors to open. it's one of 21 temporary stores selling life of pablo merchandise for the weekend. fans told us that getting a chance to buy the limited edition kanye items is worth the wait and that it's in part because they are hot sellers on ebay. >> just because it's so unique to each place like no cities have the same colors and it's -- it's super cool because it's only a limited time you can get it unless you go with resale which is crazy s

in june, the giant intraday definitive agreement to acquire linkedin for $196 per share. it is a transaction valued at $26.2 billion. the u.s. justice department has announced it will phase out the use of privately owned federal prisons. it says they are not substantially cheaper and not as safe as public facilities. contractors for 13 private prisons will be reviewed and allowed to expire over the next five years. the move was immediately felt in the markets. scheduleda conference for later today took slager shareholders how they will deal with it. we are going to finish with a bit of an unusual story. a bank is turning down an award worth millions of dollars. he used to be in risk officer at deutsche bank in new york. he led to the bank receiving a $55 million fine. he was now eligible for a whistleblower award worth more than $890 but has declined in protest against the agency's failure to pressure executives at the bank. paidid the fine should be by individual executives and not shareholders and also suggested the revolving door of senior playedel who jumped jobs a ro

the software giant microsoft announced that it would buy linkedin for about $26 million in a deal that is expected to close this year. shares were flat, following the earnings and closed the regular se5 cents to 192.01. nike, the world's biggest sportswear-maker is getting out of the golf business. the company says it will stop making clubs, golf balls and golf bags so it can focus on its shoe and apparel business, but is this move by nike another blow to the game of golf where the hits just seem to keep on coming? will gray is associate editor at thegolfchannel.come and joins you now. good to see you, will and welcome. >> thank you. good to be with you. >> what impact do you think this will have on the space with nike exiting? >> yeah, certainly interesting timing given the golf season is right at basically its peak time, but i think that it's going to create an opportunity for the other equipment manufacturers in golf in terms of the long-term health of the game. i don't think that nike getting out of the equipment space is necessarily going to have a huge impact. remember, they are

i want to applaud the management of linkedin. they sold the company and got paid.: they did sell it for far less than it was worth. >> they so that for less than it was priced at. x-ray outcomen for the management and employees. from microsoft's point of view, it is twice $6 billion of value -- $26 billion of value. tokedin is tiny compared microsoft. it is not all obvious that this provides the list that microsoft needs, but it changes the story, so it willherefore probably work. lightningant to do a round. which of these companies will get acquired in 2016 or soon thereafter? gopro. >> i doubt it. i think they're kind of independent. it's not clear where it is a great fit. emily: pinterest. >> probably. emily: who? >> i don't know, but i can imagine buyers think this is a good addition to our portfolio. i think i would way sooner own pinterest then yahoo!. emily: lyft. they are sort of doing it now already in the automotive industry. partnering with gm. uber entered the market, pricing true millions of customers into the market but it did not create the business

linkedin, iber of never use it. whatsapp is the measuring stick by which we measure all ridiculously overpriced transactions. >> now you have a new one. >> i have a very cool chart. icause of the nike story, think will be talking about this a few times but nike is getting out of the golf business. they're just going to stop making golf clubs and golf clubs. they will keep making the shoes and shirts because they make shoes and shirts anyway. >> what are golf shoes? sorry, this is a dumb question. basically cleats. a huge see there is reliance is on the clubs in the balls. that the white part of the chart. the blue part is the other stuff, gloves, shirts, shoes, bags etc. callaway is going to get a huge boost. that leaves a very few players left. >> the golf industry is gloom and doom. ever since tiger got into that car accident in florida and we all found out what he was doing -- various back injuries would allow them to compete. >> that coincided perfectly with the infidelity reports. >> the car accident, yes. >> i

. >> in terms of earnings reports, let's bring in linkedin. $1.13. that looks to be a big beat.illion.ine, $932.7 also a beat on the top line as well. you can see the stock will be slightly higher after the trading. ulativee members, -- cum members, 450 million. >> this would have been an exciting earnings for investors if it was not cap's by the microsoft buy. -- ijust do not feel like use facebook like taking transit. >> people use it if they are looking for a job. fortunately you are employed. >> for now. >> let's get more insight into tonight's historic -- he is with us from his new york office. is done college and economics professor danny. let's start with you. did mark carney throw enough at it to avert a recession? did he do enough? >> i'm not sure he is not enough to revert a succession but i think it is a darn good start. it is clear this is an opener and the minutes actually say a majority of members thought they probably could have cut even further. , so -- so, this is a cut in rates. the one thing i think he made a big error on is not doing negative rates, which pro

gross, you probably don't have a linkedin profile, i'm guessing, but you own linkedin? >> we do. we do. and we'd like to buy some more. but i'm just suggesting that the public, you know, join in the bid, so to speak. >> there you go. one word answer, last question. federal reserve raises rates in september, yes or no? >> yes. >> bill gross in the yes camp. bill, thank you, buddy. have a great day out there on the west coast. we'll see you soon. >> thank you. thank you, brian. >>> all right a double dose of data on the housing front mortgage applications rising 2.8% last we're on higher refi activity. while pending home sales jumped the second highest level in a deca decade, all this fueling talk of a new housing bubble. let's bring in bill emerson, the ceo of quickenloans, great to have you with us. >> great to be here. >> on top of that data we also have home prices seeing levels now that we haven't seen since before when we had a housing bubble. is this a bubble now? should we be worried? >> i don't think it's a bubble. i think if you take a look at what's happening f

is microsoft linkedin an outlier or more huge deals like that?> we think that mega deals are the trend that are going to continue this year. looking at the numbers this past year, 30 transactions over the $30 billion mark. that trend started last year with a lot of the semiconsolidation and certainly we're expected to see continued mega deals as we go through the end. emily: bloomberg intelligence had its own report how private equity firms are paying more attention to the software industry for deals. tell me about trends you're seeing in software in particular? >> software, it's always been the bedrock of tech m and a. it's 50% of the volume. in particular this past year, you look in terms of software in terms of valuations. public multiples are way down. they are in a much more "affordable" for companies to consider. private equity are coming into that. most of these companies in the software space, you generally have more predictable cash flows, especially if you're going into a cloud model. we're definitely seeing more interest there. if i lo

mountain view-based linkedin boasts more than 430 million members.proved, the deal should be done by the end of the year. >>> we all know the odds are slim of owning a home in san francisco. but a new study shows our chances may be even more dismal than we thought. nearly 9 in 10 households cannot afford a median priced property in the city, which is at $700,000. -- $7,000 a month. the other obstacle just to be in the running for the kind of home you typically need to make more than $250,000 a year. so a lot of us are out the running. >>> twitter has suspended 238,000 terrorist-related accounts over the last six months. that's nearly twice as many as before. they have been able to find and delete the accounts thanks to better spam filters and increased staffing that monitors the service around the clock. >>> eddie bauer says it fell victim to hackers. jill wagner of cbsmoneywatch.com explains the fallout plus more trending topics. >> reporter: good morning. we are here on wall street and the opening bell just rang. looking at the big board right now

the timing of the hostage relierelie relea release, by the way, was closely linkedin to the $200 million in cash we gave them. one said they were absolutely waiting for that cash payment. >> it's fairly clearly a ransom payment. how we know that is the state department's own directive, that americans shouldn't travel there anymore. simply because the state department doesn't want to pay more ransoms to get hostages out. the precedent has been set. i'll point out it's not -- the obama administration is not the first one to pay for -- to get hostages out. seemingly, every administration has sadly been doing it for a while. >> we'll talk about whether that is legal in a minute. in terms of threats to u.s. citizens, there was another iranian american just taken a couple weeks ago. mr. shahani. >> other hostages, as well. some of them have dual citizenship. listen, this is a really dangerous gamble, giving iran the cash. it gives them incentive, basically, to take people. it endangers more americans because iran wants $2 billion, estimated, in frozen assets. they want that money. they have sa

peace is known for hacking into other social media outlets like linkedin. use strong passwords or give up your passwords altogether and use yahoo's more secure account key log in. >>> colleagues and friends are remembering david moglen and an economics professor at foothills college shot and killed last week in san jose. ktvu ann rubin has more from foothills college where many say that the grieving has just begun. >> reporter: at foothills college, it's finals week. administrators had to break the news. david moglen a beloved economics professor had been killed. >> to learn that a valued colleague is simply gone and under such circumstances of violent death, it is just overwhelming. >> reporter: it happened near willow and sherman in san jose on july 28. sources say moglen was gunned down trying to chase a man who robbed him. colleagues say it was in his nature to try to write a wrong. >> he is the kind of guy to call someone on that behavior. he's not someone that is just a bystander to walk away. unfortunately it cost him his life. that's the kind of per

least $100,000 for the width google's ceo, zynga chairman, "salesforce's" ceo, solarcity's ceo, and linkedin's founder reed hoffman. trump has attacked tech companies and opposes the industry on key issues like immigration and trade. >>> president obama is seeing firsthand the devastation left behind by last week's historic floods in southern louisiana. air force one touched down in baton rouge a few hours ago. he met with flood victims and surveyed the damage. he said fema is work around the clock to help people displaced by the floods find temporary housing. >> what i want the people of louisiana to know is that you're not alone on this even after the tv cameras leave, um, the whole country is going to continue to support you and help you until we get, um, folks back in their homes and lives are rebuilt. >> more than 100,000 people have applied for emergency federal aid. and as of today, federal support has now reached $127 million. >>> now let's turn to our forecast. roberta, what can we expect? >> my goodness, i thought you would never get here. i have been waiting for you to play with me

you go inland, and we have upper 80s in norwood. 90 in framingham. 91 in linkedin. and 89 degrees in manchester, new hampshire. 86 in new bedford. so a look and feel good kind of day and at the coastline, a little cooler and more tolerable, perhaps. inland will be shot. the last day of high pressure is driving because tomorrow it slips away. sunny dry conditions now. pumping in place with southwest winds. now tomorrow morning, you will find increasing clouds. i mentioned it will be sticky when you wake up in the morning. it could lead to a spot shower or two, but the main threat for rain is going to come into play during the afternoon. most north and west of boston -- far most and west of boston at noontime. western central mass and southwestern new hampshire the most likely spots to see a scattered storm with locally heavy rain. at noontime, very hit or miss. everybody will see this, but where we do, we will get heavier showers and by 5 p.m., close to boston, worcester and springfield, massachusetts. right now kind of determining exactly where the showers and storm

inside the cafeteria what feeds emploiers at the social media company linkedin. chefs here donate their leftovers to an organization called food runners. >> my personal belief is that everybody should get a hot meal at dinner time. >> reporter: volunteers collect agencies across the city. >> it's fun to pick up food and deliver it. >> reporter: mary rizley who runs a cooking school created the group after realizing how much food goes to waste. when you started this 30 years ago could you imagine it would be as big as it is today? >> no, nor could i have imagined i would be running it still. >> reporter: among the 200 food runners is lauren who's picking up that mac n cheese along with some veggies. humbling when you arrive at the organization and everyone is so thrilled to see you. >> this pot is ready to go. i don't have to worry about cooking. >> reporter: a meal that could have gone to waste, redirected to grateful mouths. joe friar, nbc news, san francisco. >> great idea. >>> that's going to do it for us on this monday night, i'm lester holt for all of us her

linkedin stockholders will vote on the proposed deal with microsoft. it's worth $22.6 billion.proved it will close this year. >>> the odds are low of owning a home in san francisco but a new study shows that our chances are worse than expected. paragon realty crunched the numbers and found that nearly nine in ten households cannot afford a median priced property in the city. that may be because this category of homes clocks in at $7,000 a month for a mortgage. the other hurdle to be in the running for that kind of home, you usually need to make more than $250,000 a year. >> that puts us out. [ laughter ] >>> if you hope to buy a used car, turns out their price tags have soared. consumerwatch reporter julie watts tells us why it is now so tough to snag a cheap ride >>> reporter: new car or used? >> use. >> why? >> to save money. >> reporter: that's harder to do for some used car buyers as edmunds' latest used vehicle market report found, used car prices have hit an all-time high. the unlikely reason, there are too many on the market. >> we have so many like off lease near new ve

this guy says ditch your wedding ring his linkedin process got a lotg of att gotten a lot of attention herere at fox 8 pieces pick up this paragraph you want possession potential employer man that job visit with mysterious black back. donald trump facing new criticism - he appeared to mock a reporter with a disability. "you gotta see this guy. 'uhhhh i don't know what i said, i don't remember.' he's going like 'i don't remember'." "putting a wife to work is a very dangerous thing. i don't want to sound too much like a chauvinist." "you have to be wealthy in order to be great. i'm sorry to say it." "he's a war hero because he was captured. new meta daily heart health. it's clinically proven to help lower cholesterol. and having lower cholesterol is something to celebrate. wow. he's got some moves. yeah, he does. help trap, remove and lower cholesterol problem is most people don't know it until it's too late. this is the first i've heard of it.th people are not the main target we happen to be in the way.e and now she's going to keep anan extra eye out for fights on her kids. i just stay

so, most recently just a few months ago linkedin hired qatalyst to sell to microsoft.turn back the clock a few years, they did a number of high-profile deals selling which turned out to be a disaster. from the sell side, what a great job, of course, there may have been fraud. >> as i read your story, this is a company will respect the terms of how they can get great premiums for the sell of the companies but are also to be able to tick off other people. >> the initial lead for this story drew comparisons to the ,ew england patriots, duke manchester united. you love to hate them or hate to love them or something like that. they irritate a lot of people and have for many years. hasceo, who i spoke to, irritated many people on the buy advisors that afford for him. you could argue some people say he is abrasive. sunday was a he is aggressive and is -- some people say he is aggressive and just doing his job. they have some tricks up their sleeve they tend to use pitting different buyers off each other. >> they also have round auctions to make a decision quickly? >> several

microsoft be out sales force with the winter the biggest tech deal of the year, $26.2 billion for linkedin. salesforce has been on its own buying spree, spending more on acquisitions in february than it did in all of 2015. here is the ceo talking about that on the earnings call. >> it has been an incredible time to acquire some phenomenal assets and i've never been more excited about salesforce and coming into dream forces just awesome. strategy paying off? in newlyst joins us york. what is your take away? guest: the biggest thing we heard his there was some slippage in the quarter, largely at the end of july, which is why the billings number was below with the street was back -- street was expecting. emily: salesforce has been acquisitive. they've announced 3.5 billion dollars in deals in the last few months. is that asking what margins are actually doing? guest: those numbers are not in the financials of the company. they will add to the revenue base later on. there were some execution issues at the end of the quarter and they say they will have addressed it and we will see how the numbe

linkedin, paypal, ea -- fidelity investments even has significant operations there. when you are one of these organizations, you have to take a very close look at how your taxation is working, not just in the revenue you are sending but what are the communications you have had with the tax authorities? it's not just here is our revenue, take a percentage of it. looking at company transfers and deals amongst the subsidiaries. you have to take into account what the basis is there and what percentage you are applying to that base that is going to be taxed. i think companies will have to take a look at the way there internal operations look and look at the deals they have struck with irish tax authorities. emily: apple shares ending today slightly down. how did investors react? alex: they are relatively blasÉ about it. it's 6% of their cash reserves. the thing investors want to see is the ability to repatriate the money to the u.s. because they want to get it in the form of dividends and buybacks. it's not the end of the world for them. emily: our bloomberg news reporter

investors can look at a relatively safe candidate, linkedin is bought by microsoft and he closes in six-month. they cap is perhaps 3-4% return to that time, but it is better than cash. there are relatively safe situations in stock market i can add a 2% return and produce something as safe as a 5% return , an exampleed funds of what can be done in a relatively's eighth manner. >> do you think the flow of money into -- into emerging market bonds is justified? >> only developed economies can real growthlanced inflation. in other words, if they could boost nominal gdp growth, at ultimately transfers to the benefit. you can choose a 4% nominal gdp growth and now it is about three. there is relative overflow into emerging markets and they do better. up to a developed economy in order to do -- to improve their theytion to the point, have been anemic in terms of the thrust and that is raised on monetary policy that i think is getting to fail. are not looking into emerging market bonds or cash or gold, how can you invest in stay liquid in some of these assets, plant equipment, or the beaten path asset

linkedin faces

so, most recently just a few months ago, linkedin hired to run its sales process.sold to microsoft at a 9% premium. if you turn back the clock a few years, they did a number of high-profile deals. they sold autonomy to hp, which turned out to be a disaster. from the sell side, what a great job. of course, there may have been fraud. that comes with controversy. they have sold a number of companies for enormous premiums over the years. carol: as i read your story, this is company that is well respected are able tohow they get great premiums for the sale of companies. but they also seem to tick off other people. >> the initial lead for this story drew comparisons to the sports teams like new england patriots, duke, manchester united. you love to hate them or hate to love them, or something like that. they irritate a lot of people and have for many years. the c.e.o., who i spoke to, has irritated many people on the buy side, or other advisors that have worked with him. you could argue one of two things. some people say he is abrasive. some people say he is aggressive a

linkedin, weight watchers, lions gate on tap.r the bell" has you covered. >>> even as the stock market hits record highs wall street is bracing for more layoffs, including one of the top investment firms on the street, goldman sachs. lloyd blankfein already had four rounds of cuts but are goldman employees embracing for a fifth round? charlie gasparino, what is going on here. >> they are bracing. we're getting this from senior executives inside of goldman sachs. they say there is ongoing cost cutting effort going on. there will be a major round of layoffs. i don't have the numbers, but what i'm getting this from, senior bankers and traders, they are saying that their jobs are clearly on the line. that the company is now in a sort of mode where instead of seeing profit, future where they can make profits from the business, their future right now is to basically cut costs. that major jobs will be on the line. liz: not just fixed income guys? >> not just, if you make a lot of money there, you're a producer, you produce. but remember

. >> he posed on linkedin.orwitz and he said wearing your engagement ring will make other women hate you. >> what? >> he said when a man sees a large diamond ring's zooms the woman is high maintenance. >> i have a different experience with wearing an engagement ring on a job interview. >> yes. >> it was in the 90's so we can tie it all together. i was at in the interview when the person prefaced. i know i'm not supposed to ask this. >> you are not the supposed to ask. >> when are you getting married because i believe that the reason for the question was, are you going to leave us. is it worth me investing in hiring you. >> i said i don't know yet. >> we shouldn't have to take off the ring, like seriously. >> i have another question that came up over the weekend, no, never mind. >> okay. >> i was watching cnn, and one of the anchor woman there had a huge wedding ring on. >> yeah. >> would you ever do that. >> it was kind of distracting. >> wearing your wedding ring. >> no, i mean really big, i mean stupid big. >

rather than just changing her status on linkedin. she posed for a series of photos as if it was a big wedding announcement. i'm getting married to my job. it's a life changing event, after all. we're happy for her. congratulations. >>russell: she may be more right than she knows. all right. thanks, jen. would you come back? >>jennifer: yeah. >>russell: all right then. >>jennifer: just a second. i'll be there. >>russell: still ahead on "good that burrito? whchins bus,bat's okay but major chad is here w foster farms presents even a small one can throw you off your game. they can happen anywhere. and they only get bigger as time goes on. serve foster farms corn dogs, a delicious plump frank wrapped in a honey crunchy coating. a corn dog with 7 grams of protein makes a big appetite go away. foster farms corn dogs. good morning i'm russell rhodes. >>russell: welcome. i'm russell rhodes. >>jennifer: and i'm jennifer epstein in for laura moody. radar a little less active? >>dave: a little less activity. we had several days in a row with jus

. >> according to her linkedin profile she taught in oakland and has held a variety of positions involvinger programs in san francisco the she was arrested and booked yesterday but this morning she is out on bail. >> developing news in rio, cruise are camped out waiting for the two united states swimmers pulled off their home last night. jessica castro has been tracking the story. >> the whole controversy started when ryan lochte told reporter he and the teammates were robbed at gunpoint last weekend. the teammates, jack conger and gunnar bentz are expected to meet with bless, different scene from last night. >> were you robbed? were you robbed? >> the two were taken off their flight to the united states and questioned by police for several hours at the airport before being released. police say there are holes in the stories. their attorney said they cannot leave brazil until they testify. ryan lochte is back in the united states, and the other swimmer is still in brazil. the united states state department is addressing the issue. >> you want look look to bow back to rio? that is for an am

microsoft linkedin how open is alibaba really big deals? >> well, when you have 61% operating margin in your core business, you have to think about how to smartly use that extra cash flow that margin to invest for future growth. when it comes to our strategy, we're going to be very disciplined about it. we have set ourselves important criteria including growth if our user base, improving our customer experience and also expanding in our categories. if you look at the large acquisitions and investments that we have made over the last year, they all fall very consistently into those principals. we acquired roku. we want to get into digital entertainment. we partnered and invested with a company called sooning. which is largest electronics retail inner china. we want to execute with them and strategy to really own the electronics retail space in china. these are examples of acquisitions that we've done. we're open to large deals. we're open to small deals. the important thing is they stay consistent our principles. >> that's on bloomberg west

betty: even linkedin. joe: what was it that made china such a tough market for uber? is just understanding how local consumers operate, right? it was interesting, earlier, bill gurley was on, who is an uber board member, he talked about their experience in china and i want you to hear what he said. bill: the company uber has immense respect for the market opportunity in china. very likely going to be the largest ridesharing market in the world. betty: i do want to mention that when i was in china last year i tried using uber and i didn't get to use didi chuxing but i did use uber, maybe because i was outside her. i found it hard to use. invite a lot of cars available. i found the location service difficult to navigate. absi just ended up hailing c in beijing. i didn't use the local service that i was told by people in china that the local service is much better. scarlet: your experience probably bears that out. you are also looking ahead to sheehan or eight'-- shoul shinzo abe's announcement, or more details of it. betty: he dropped this big palestinians week ago foll