meg whitman speaking to analysts. they cut their 2013 guidance. as you can see, we are down now 7%, some significant warnings here out of the company. i think we've got trades. >> joe, we'll hear from meg whitman tomorrow morning with david faber. does she have any cred left? she said it would work and yet take you a look at the guidance, ain't working. >> take a look at the model and clearly they're turning the model around. they're telling you this will 00 reduce the number of pc platforms. you'll have to wait a long time. when they mention to you that they will buy back shares in the condition of shares successfully exiting the position, funds will do that right now. it is a secular story. this is about p krchlc can balancization. >> do you want to buy here? >> just to joe's point, everyone lumps in dell with this, but hpq has a road map and strategy that they are leaning towards more of a cloud based system. but the problem is it's perception in the marketplace that they look like a pc company still. so no one's willing to give them the benefi

our david faber is with meg whitman.id, good morning to you. >> reporter: thanks very much, carl. of course, well, you can certainly give them credit perhaps for transparency, hewle hewle hewlett-packard yesterday laying out a plan tofor remaking the company for next year they're calling a fix and rebuild year. as you said, the stock took a hit on that news. we are joined by the ceo of hewlett-packard, meg whitman joins us from headquarters in palo alto. as always, very much appreciate your willingness to come on in what are seemingly very difficult times. you and i sat down a little more than a year ago when you first joined the company. and i guess my first question would simply be what took you so long? a year is quite a while in the history of a company, certainly one that seems to be in some distress. what took you so long to diagnose these problems and really lay out the vision for how you're going to try and fix them? >> well, you recall when i took over at hp, it was a company that had been through pretty turbule

david favor will sit down with meg whitman at 9:00 a.m.be he will ask that question. >>> with hp and dell selling off concerns of debt of the pc business can you believe in microsoft? let's bring in pim co's head of strategy. do you believe in the pc story? can you believe there is a secular decline in the pc business and still believe in microsoft? >> we believe in microsoft. microsoft does not have to struggle just because hp and dell are struggling. as people move away from pcs and towards tablets microsoft used to think it has an important role to play. microsoft is generating free cash flow. it has a 10% free cash flow yield. a 3% dividend yield and microsoft is much more than windows. people forget the server business is just about as big as the server business. it has the x box and internet explorer. if none of the innovations come true it is a cheap cash flow story. if they get some of the innovations right we see upsides from here. why they have the struggles we think microsoft is a very good long-term holding. >> would you take a

judge denied kleiner perkin's request to try to solve that case through arbitration. >>> ceo of hp meg whitmanng. >> she's been at hp for a year. which by their standards is a long time. will hold an analyst conference today. whitman will have to lay out what she sees as the future of hp. they've been eclipsed by companies like apple but, remember, still a huge important company from a revenue standpoint. hp, biggest tech company in the world. this is unusual. new data show not only is samsung selling a heck of a lot of phones, apple isn't slowing it down. not only did samsung see sales spike after the introduction out iphone 5. apparently all the talk about how similar samsung phones are to i-phones was actually free advertising for samsung because people said, i'll just buy a samsung. >> thank you, scott. >>> a ton of action on the waterfront this week. it's the start of fleet week. today marks the start of qualifying races for round of two the america's cup world series. >>> a lot of action out there. we are live on the bay. he has more for us this morning. captain, take it away. >> reporte

i had high hopes i might be able to see a meg whitman vision.ed but in a bad way, not a good one. i reiterate, under obama or under romney, there is no reason to own hewlett-packard. stay with cramer. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-fr

>> do you think meg whitman has a sense of your again? -- urgency? what do you think the timeline is and can she get this done >> to her credit there's two steps. one improving the individual business units and she did an incredible job of talking about that. second step is break up and they give no indication of interest in doing that. do you have an activist on the board but legally chained for two years in terms of doing anything too dramatic. frankly i think she thinks she has some time because the company does not want to have another ceo come in any time soon. she probably has one to two years. inevitably they have to look at structural changes. >> steve, does meg have any credibility left on the street? guys like you? >> i think so. i mean she's got fairly good past. you could argue was she the best person to pick for the job? hard to say. she did a credible job. the area they are hurting themselves is they seem to be optimistic about pcs and printers. they are not worth zero either. she has credibility but have to use that to take bolder step

meg whitman, the new ceo, is coming under fire.re's what she said. >> i'm confident 2013 will be the bottom of the turn around. then you can look forward, i think, to good growth in 2014 and 2015 as those products kick in, the i think vestments we're making in things like i.t., sales, organization, and training. those things will start to kick in. i really think 2014 will be quite a bright year for hp. >> what do you think of what she said? do you have any sympathy for her? >> first of all, of course. any ceo who's in a tough position, it's a very you have to job. there's no question, as i've said before, that meg whitman was dealt a very tough hand because of a lack of investment in product development and research and development by previous administrations. the eds acquisition has essentially been completely written off now. on the other hand, it's also true that the autonomy acquisition, which was made with $10 billion worth of cash, that isn't paying off yet. i think the difficulty now, honestly, is it's not clear how much tim

ceo meg whitman meeting with animal listings right now. the stock is trading at $15.91. jon fortt is in silicon valley. >> reporter: hp shares in free fall today as ceo meg whitman sets the ball even lower than wall street spenexpected saying fiscal 2013 earnings will be between $3.40 and $3.60 per share, versus expectations of $4.05. she says the turnaround will take four or five years an when she arrived, hp was broken at almost every level. a wrong product, an organization that wasn't targeting customers by country and a lack of specific measurable area. hp business executives are going to be addressing analysts. whitman says profits will erode across practically every segment. the pc and printing group will talk a bit about tablets but mostly about cutting back on the different models they are producing and moving certain ink sales to subscription model. >>> david faber has an exclusive with hp's ceo meg whitman tomorrow on "squawk on the street." one very important interview that you don't want to miss and it is only on cnbc. >>> earlier this week when we had art ca

meg whitman has some advice for the massachusetts governor as he heads into wednesday's hugely crucial my doctor told me calcium is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. email marketing from constant contact reaches people in a place they're checking every day -- their inbox. and it gives you the tools to create custom emails that drive business. it's just one of the ways constant contact can help you grow your small business. sign up for your free trial today at constantcontact.com/try. >>> former leader meg whitman spent millions of her own money trying to become the governor of california. that didn't work. she lost to jerry brown two years ago and now leads hewlett-packard. she's a successful, wealthy businesswoman who entered politics and she faced some of the very same criticisms being hurled at gop presidential candidate mitt romney. here is what meg whitman said when our poppy harlow asked her if she had any advice for romney. >> i'm out of

the big drop coming after ceo meg whitman delivered a low profit forecast. it's now down 30% since meg took over as ceo a year ago in september. so it's not been a very good performer, to say the least. >> been very, very tough. in fact, this, bill, is one of the leading market value losers in all technology for 2012. going to get reaction to the hp news today later on in the program. first, let's look at where we stand. the dow jones industrial average flat on the session, down about 6 3/4 points. the nasdaq in positive territory, although it, too, having given up a fair amount of gains now with a showing of 7 1/2 points on the upside. s&p 500 up just a fraction. >> so it looks like more and more like the big gains we saw after the fed's lt announcement for qe-3 are now wearing off for investors. all major averages are pretty much flat since the fed announced more stimulus measures in september. >> if that's not going to get investors buying, what will? quint tetro is with us. also joining us is vincent of morgan stanley and jeff cox and our own rick santell

this violence comes as fighting continues between rebels and syrian force. >>> today hp ceo meg whitman investors as she tries to calm worries over the future of the company. some tech experts tell the mercury news her performance could determine how long she lasts at the helm of the company. hp has struggled in recent years. the company is in the middle of cutting 29,000 jobs. >>> apple's iphone 5 out-dueled main rival in a contest that had more to do with safety. michigan company tested three dozen cell phones for toxic chemicals, including lead, mercury, hazardous flame retardants and oeufrpls phone 5 finished . samsung is finished 9:00, at the top of the list with the least amount of hazardous materials motorola citrus. we have links to the study on abc7news.com. >>> new detail on the ipad minnie. >> jane king is live at the new york stock exchange with that and major deal in the wireless industry. >>> deal just approved for t-beale to merge with metro pys. [ unintelligible ] >>> 6:49. >> third day of sweltering heat, but the relief is in sight. >> yeah the record highs are over, da

. >>> hewlett-packard ceo meg whitman delivered grim news to investors today and the stock market was quite to react. tom here now with hp's announcement and the fallout. >> reporter: a true pioneer in technology circled the wagons today. meg whitman said the high-tech pioneering firm is on the road to recovery with downsizing well under way as well as new products and services in the pipe like. but it would take two years, the restructuring, because of the overall economy. >> she's not upbeat. she's trying to be up-front and honest. sometimes the market doesn't necessarily like hearing those things come out of the ceo's mouth. >> reporter: whitman said the ceo's in previous years were also to blame. >> no one wants to see the uncertainty. any ceo is going to have to be somewhere for a while to instill their game plan. >> reporter: market watch editor dan gallagher says hp's sheer size makes it hard to work through the company. >> we've had a problem getting that stuff out to the market for people to buy it. >> reporter: for hp, the personal computer and printer markets are flat. it d

gobernatura por una trabajadora 42:25 se refieren a nikky diaz, la que fuera empleada domestica de meg whitmanraron un escandalo, que beneficio a brown triunfando como gobernador. guillermina castellanos/colecti va de mujeres 1:53 49:41 nos sentimos como que nos dio una cachetada una bofetada no 49:44 asi mismo el gobernador rechazo dos medidas que hubieran permitido castigar penalmente a rancheros que no dieran agua y sombra a los trabajadores del campo...brown dijo que crear un nuevo crimen no es la respuesta. 57:29 no puedo hablar por el gobernador pero puede ser que el esta buscando el apoyo de los negocios 57:34 para tratar de tener una estabilidad financial 57:44 01:16:23 a pesar de la decepcion dolores huerta dice que seguira apoyando al gobernador en propuestas como la de aumentar los impuestos a las personas mas adineradas del estado, lo que serva votado en las proximas elecciones de novimebre, con esta informacion me despido regreso con ustedes al estudio 1:16:40 stop open cesar ---esta tarde, al menos 20 personas resultaron heridas cuando un camion choc contra un tren de "amtrak" ta

ceo meg whitman is holding an analyst meeting today. oday whitman will lay out a grand master plan for hp. hps been suffering as fewer people bought computers. it's one of the oldest companies in the valley. it's been eclipsed by google, apple, facebook. what whitman will say is obviously anyone's guess. but more job cuts are not impossible. one thing though is hp hasn't actually completed its last round of job cuts which were about 28,000 people. so we may not see that but that's the fear, that there are job cuts ahead. we will continue to monitor it all day. >> we are continue to follow developing news in the east bay this morning. firefighters are still on the scene of a house fire in berkeley. it's happen on benvenue avenue not far from the intersection of college and ashbe avenues. "today in the bay" christy smith has the latest. >> reporter: the deputy fire chief says this massive house fire burning overnight is out. but he says the back of his home is so damaged. they may have to wait till day break to get a good look. they may ha

this morning on squawk on the street we interviewed meg whitman, ceo of hewlett-packard.crib from the one of the greatest debate lines in history, we knew steve jobs and meg whitman, you are no steve jobs. her reality was certainly distorted in my opinion. unlike jobs, there's no particular reason to believe that alas her distorted reality will ever come true. first, i found this morning's interview painful. maybe because debate talk was in the ether, maybe because whitman tried and failed to be governor of california. the ceo came up as a pol. i'm willing to answer any question about how she could save hewlett-packard from going away. she talked the cheerleader game about the 320,000 dedicated hewlett-packard employees which by my count may be 100,000 too many. she didn't answer how she can stop apple. she didn't make a real case for hardware models. she didn't explain how things could have gotten so awry or why the next generation is not enthralled with her products. she made no case for owning the stock and ruled out a wait until next year turn by saying it will be 201

i want to get your take on what meg whitman said today in "squawk on the street" this morning. she answered some questions, as we have seen so much selling going on in hewlett. down 50% in market value in the last year. listen to meg whitman this morning on cnbc. >> i'm confident 2013 will be the bottom of the turn around. then you can look forward to good growth in 2013 and 2014 as those products kick in and the i think -- investments we're making in i.t. and other things. i think 2014 will be quite a bright year for hp. >> michael, did she convince you? stay away? >> i don't want to buy value quite yet. i will tell you the things she's addressing are really going back and adjusting what two previous ceos have done at hp. mark herd obviously was very much a cost-focused, less rnd-focused ceo. i think meg has a lot of credibility here. she's right to say it's not going to happen this year, not going happen next year. honestly, maria, i wouldn't be touching hp right new. i think there's way too much uncertainty. they don't even have wireless devices. wireless is where all the gr

>> well, i think meg whitman set the stage that turn arounds take a while. but marissa's got strong technical chops. and you mentioned monetizing mobile. this is a big experiment in the tech industry. everybody's a 2.0 company now whether they want to be or not. google, microsoft, even amazon is going to have to deal with mobile sooner versus later. so it's jump ball. and she's going to enter the court strongly with everybody else. >> and would you say she's got a fairly even playing field compared to everybody else? because nobody else seems to really make it happen yet? >> i think she's got a lot of strong cards to play. she's got a lot of cash, so she can do acquisitions. if you've noticed, most of the growth in mobile has come from acquisitions by companies like facebook, for example. she also has ad platforms, in the pc area, she understands ad networks and she'll have to figure that out on mobile. and she understands content, they've monetized it before, they'll have to monetize it differently before. she's got all the ingredients so that the deck is s

. >>> and meg whitman says turning hp around will take longer than expected. does she have time, scott? >> she will. the board will give her the time she needs despite she gave us bad news. whitman seen here in file video at the analyst meeting and said the turn around would take at least until the year 2014 or 2015. the company lowering its financial forecasts as well. in the case of enterprise services, that is where it deal was businesses, business may be off 13% and it will cut the number of printers it makes. something that apple does all the time. shares in hp are down 11% this morning. we care because this is a big company in silicon valley. >>> thanks, scott. there will be tons of action on the san francisco waterfront this week. it is the start of fleet week, but today also marks the start of qualifying races in round two of the america's cup. bob redell is live in san francisco with more for us. bob, good morning. looking good in the shades. >> reporter: well, i need them out here. it's a hot one out here today. good morning, marla. we're inside orac

. >>> meanwhile hewlett-packard's ceo meg whitman says her company will take much longer to turn around than she first thought and make a lot less money than investors had hoped. that and concern over europe are hanging over wall street. jackie is live at cnbc headquarters with more. good morning, jackie. >> reporter: good morning to you, scott. well, the futures are modestly higher and this is after we eked out small gains yesterday. investors were first cheered on by data on private sector job growth but that was offset by hp issuing a disappointing earnings forecast. meantime european markets are in the red today and here at home we'll get data on unemployment filings and factory orders. also watching for the minutes from last month's fed meeting. the dow rising 12 points to close at 13,494. the nasdaq a 15-point gain to 3,135. >>> and toys r us getting into the movie business shall guys. the toy retailer launching its own digital entertainment service with more than 4,000 kid friendly movies and tv shows available for streaming or download. the service, toysrusmovies.com. >>> intel'

can meg whitman turn things around? we'll talk about that. plus oracle open world.tching cnbc. first in business worldwide. estn common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life togeth

. >>> hewlett-packard's ceo meg whitman expects earnings to fall in 2013 as she works to turn the struggling tech company around. she delivered the disappointing report to analysts and invests in san francisco today. hp is coming off its worst quarter ever and is aggressively cutting costs. still, whitman warned it could be 2015 before hp's revenue growth gets going again. investors didn't like that one bit. hp stock was down 11% in midday trading. it's down about 40% on the year. overall, the markets are about even on the day. the dow is down about 12 points. >>> some students will have more options for medical school here in california. a national accrediting agency is now approving uc-riverside to open up a full medical school. it will be the sixth uc medical campus. riverside can start enrolling future doctors next summer. >>> forbes list of the highest paid women in entertainment is in. from the talk star to queen of talk the women on the list are hard working. take a look. coming in at number 4, talk show host ellen degeneres earning $53 million over the past 12 months. taylor swift ra

shares of hp fell 13% after ceo meg whitman said she expects the company to continue to struggle over the next few years. hershey is getting socially conscious. they are pledging to use only certified coco in all its chocolate products by the year 20. hershey was criticized by activity jafts saying it was the only major chocolate producer not committed to using the fair trade product. some facebook friends could be paying to make sure you see their posts. facebook is derogatory a new feature in the u.s. that let users pay to have their posts appear higher in their friends news feeds. it was of theed in new zealand and introduced in 20 other countries. facebook didn't say how much it will cost to promote a post. >> your friends flock to your page anyway. >> you as well. >> not six times a day like yours. ashley morrison here in new york. a scary looking new dinosaur has been discovered. it has fangs and quills. it's a halloween like parrot and said it lived 200 million years ago. up next your thursday morning weather and in sports while some of baseball's division chases come down the

the company's ceo meg whitman coming out and saying she sees 2013 as a fix- it kind of year. > > it's something that's contagious in earnings season, a big company like hewlett- packard saying something like that on the backs of what caterpillar said last week, i think that they're trying to set everybody up for lower expectations for the technology sector, and for the whole earnings season combined. it's just not going to be as good as people are hoping for. > > would you by hewlett- packard at these levels? > > i think right now technologies could be a winner, just look for value, look for a drawdown in the market. right now, people are chasing data, people are chasing technology. i would hold off and wait a little bit. > > larry shover of sfg alternatives. thank you larry. > > thank you. it was all about domestics in denver, as the country tuned in for round one of the presidential debates. the candidates focused on major issues including jobs and the u.s. economy. my plan has 5 basic parts. one get us north america energy independent, that creates about 4 million jobs. number two

. >>> ceo meg whitman said the hard times at hewlett packers will last a number of years.he company is working on new products and services. hp's stock dropped 13% as whitman warned it will take time to recover because of the weak global recovery. all of it as-just experienced much gee she said she was push because of what her attorney calls retaliatory actions. now her attorney mer can youy news, powell was told to clean her office, turnoff the computer and not return much powell calls it a transition and says she remains an employee. >> at least three times in the past week on jeks thrown off the g street overpass in antia okay has smashed into the windshield. the latest, the target was an ambulance. >> didn't see anything on the roadway, anybody in front of them. the way it was described, they felt the impact came from above from the overcrossing area. >> two other vehicles were hit by objects in the same spot last week. authorities say it's fortunate that no one was injured. anyone with information about the case is asked to contact authorities. >>> fleet week festivit

ceo meg whitman said it will take time to turn it around. >>> got something your friends can't miss on facebook? now pay $7 and your post will pop up to the top of their news feeds. right now only a small number of facebook users are able to try it out but if it works, it could go systemwide. 7 bucks. >> if you got 7 bucks. >>> it is official, toys 'r us is getting into the video streaming business. today the toy chain launching toys 'r us movies.com. the digital service will offer 4,000 movies, tv shows, all geared towards kids. the site's family-friendly content won't be subscription- based. you will have to pay per rental or download. >>> walmart is launching its neighborhood market concept in the bay area. the first local store opened up in west san jose yesterday at westgate shopping center. the neighborhood markets are along the lines of stores like lucky's, save mart and safeway without the big department store feel walmart is known for. >> it's nice. they have good pricing. >> i really think it should be a good addition for our town, better competition in this economy. >> walma

what ceo meg whitman said that scared investors. >>> and good afternoon. i'm jeff ranieri in the nbc bay area weather center. this time yesterday we had 107 in gilroy. today temperatures starting to drop. a lot more comfortable outside, with anywhere from 78 in san jose to 86 in livermore. we're going to talk more about this temperature trend and some big-time changes for your weekend. even our next chance of showers in just a few minutes. >>> 50 minutes and counting. the first debate of the 2012 race for the white house starts at the top of the hour. tonight's theme domestic policy. the 90-minute debate will be divided into six timed segments of approximately 15 minutes each. president obama will get the first question, and mitt romney will get the last word. for the very latest, let's check in with nbc's steve handelsman live at the university of denver. good evening, steve. >> reporter: janelle, thanks. good evening from a suddenly blustery cold denver, where the gold tonight is political substance. when this debate gets started in less than an hour her

. >>> hp ceo meg whitman delivered disappointing news to investors today. she said in a conference call she expects earnings to call more than 10% next year due to a wide range of problems and a weak economy. whitman said she inherited a bloated company a year ago and the issues are so severe there may be no revenue growth again until 2015. shares shed nearly 11% on the news and are trading at about $15.25, that's the lowest they've been in about a decade. >>> nurses are on the picket line again today at santa rosa memorial hospital. nurses are angry at a hospital wants them to pay more for their health coverage and take lower pay for some shifts. hospital administrators say they are already anticipating financial shortfalls when the affordable care act goes into effect in 2014. the nurses planned a two day strike but the hospital had to fire replacement nurses for four days so the regular nurses will not be back on their jobs until saturday. >>> and just a few hours, occupy protesters will be outside chevron's refinery in richmond. it's a response to the m

meg whitman at a tech conference said, despite troubles at her company, she think h.p. is in better shape to take advantage of the changing technology market than cisco. that boast didn't help h.p. shares though. they sank 1.5% closing a penny above their most recent low. as for the competitor who's outlook weighed on the tech sector, that was juniper networks. late yesterday, the networking gear manufacturer had a disappointing forecast as spending by telecommunications companies remains uncertain. shares dropped 9% even though the company reported better than expected earnings in the latest quarter excluding charges for layoffs. networking stocks could face new selling pressure tomorrow. after the close f-five networks turned in disappointing quarterly results. after closing at $93.32, shares fell as much as $10 in after hours trading. a.t.&t. saw the growth in its new wireless customers slow down to a fraction of its biggest competitor: verizon. earnings were three cents higher than estimates, while revenues were disappointing. almost half its revenue comes from its

meg whitman runs it and has her work cut out for her. >> she's trying to turn around the company anduild and they will have layoffs. everybody was hoping for a lot more, a lot faster and when you see the stock is down just 13% this week, obviously, disconcerting. stuart: can you get the stock price up by chopping away at the work force? very interesting question. nicole, thank you very much indeed. the dow industrials opened 40 points higher the first 90 seconds of business, there you go. gas prices, we bring you this news up only slightly. 3.78 for regular and diesel 4.08. the big story within the gas price arena. california, due to refinery problems there are gas price spikes in some individual cities and i say, i mean spikes. look at this, up 10 cents overnight. 4.40. regular is the average there. and san jose up 9 cents at 4.37. san francisco, 9 cents. 4.43. los angeles up 8 cents, this is overnight, by the way, 4.34. and believe it or not, those prices are forecast to go as high as 4.80 by this weekend. refinery problems, up goes the price of gas in california. however, presiden

. >>> hewlett-packard stock took a hit today after ceo meg whitman's disappointing report. she told wall street analysts the company has a lot of work to do after years of declining sales and shrinking profits. whitman says 2013 will be a year of rebuilding. today hp stock dropped 13% to less than $15 a share. >>> now, overall stocks closed with meager gains today. the dow rose 12 points to end at 13,495. the nasdaq was up 15 points and the s&p 500 gained 5 points. >>> all right. how about a military invasion? on ocean beach? the dramatic fleet week arrival. >> and we all see it. the pressure to be thin is everywhere. now new insight into why some people are more vulnerable to those images than others. ,,,, vo: for years, sacramento politicians have chopped away funds for our schools. today, we're forty-seventh out of fifty in per-pupil funding. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the

meg whitman warned analysts about weak warnings. whitman also added it will take time to sun the struggling tech giant around. but it was a good day for netflix. shares jumped 10%. the increase came after analysts said customer satisfaction at the company sip proving and the outlook is bright for its video streaming service. i just watched a netflix movie anyself. >> i never tried it. >> my son does. >> it's great. masterpiece theater so. >> i like that. very good. >>> still ahead, some supplements that you take could be making some promises that are not being fulfilled. we'll explain. >> we'll let you know what that could mean for your health when we return in two minutes. . >>> good morning. welcome back to 9news now. weather first with howard bernstein. take it away. >> we have some showers this morning but it's going to be a much nicer amp. tomorrow looks -- afternoon. tomorrow looks fantastic. if you have to pick a weekend day, pick saturday. saturday looks far better than sunday. i know the skins have a home game. >> maybe the

but governor brown was elected in 2010 by an overwhelming margin, outspent by meg whitman. now, it doesn't mean that he's a king or that any of us are, you know, have our final say, but he puts a balanced tax measure before the voters, proposition 30, that helps public education, but also balances the budget. you expect the other side, the tax payers association, the republicans, to oppose it. but you don't expect it from miss munger, and i must say, the only reason she can do this is because she's a wealthy person who can write a big check. now, i kind of go back to the basics of representative government. imperfect? no question about it. but in choosing between the two, i ask voters to look at two things. number one, the fact that prop 30 balances the budget and helps education, but also the munger initiative in some ways represents, to me, the initiative process run amuck. we have to make choices here and 30 is the better choice. >> can i just -- just clarify one thing, that people can vote for both. and, in fact, many organizations, like california school boards organiz

. >> as hp, meg whitman spoke earlier today.who benefits from a low down and maybe a possible demise here. >> this is a secular change that everyone on this desk has been talking about since august of 2010. ibm they saw the future an the need to go into services and be a cloud company. i think ibm continues to be the beneficiary here. she talked about the potential for funds to exit and we heard about the change to a cloud company. we are talking about revenues ome of 8.5 billion by 2013. you look at emc in terms of large cap technology. they are a winner. >> if you throw up a chart. early on in the section. it was down and then made a come back finishing the day to the up said. karen, people are getting in there and they see something. >> well, i hear that as it is going to be worse than it is now. i think she did a good job of trying to lower expectations. but i think still the street doesn't believe it. i think if they came close to that, i don't think they would have a four multiple. remember, there is dead here. this is not

meg whitman surprised investors by warning of a deeper than expected slide in earnings next year. revenue in all of its business divisions except for software is expected to fall. >> h.p. has done a bad job adjusting to where the business environment is headed. we see stagnating revenue, we see things actually getting worse next year relative to what analysts expected and that's not necessarily something cost cutting can save in and of itself. >> tom: those job cuts will total 29,000 when they're done. h.p. also vowed to reduce the number of products it sells, and c.e.o. whitman said the biggest challenge has been c.e.o. turnover. she's the third chief executive in as many year. h.p.'s news hit others with stakes in the personal computer business. dell stock fell 4.8% hitting a three-and-a-half year low. semiconductor maker intel was down 1.3%. meantime, home improvement retailer home depot continues building its share price. it was the best percentage gainer of the dow industrials, up 2.4%, closing at an eleven- and-a-half year high. optimism surrounding the housing market has cl

meg whitman will give her annual presentation to investors. hp is coming off its worst quarter ever and stock has fallen to a ten-year low. she told the "new york times" last week that she will have to explain strategies for the company and how it will grow. >>> samsung is free to sell its galaxy 10.1 tablet computer in the united states. it did not illegally use technology developed by apple. the jury found many of samsung's other products did infringe on apple patents. >>> major apple investor tells "fortune" magazine that he heard from multiple sources that a smaller version of the ipad will soon be released. the investor says invitations to the unveiling of the near 8" screen tablet go out on october 120th. if that's the case, fortune reports the smaller ipad could be in stores in time for christmas shopping. >>> heard about tanning beds and skin cancer, and now researchers say the earlier people use them, the greater the risk. researchers at ucsf looked at studies going back to 1977. they found people younger than 25 who use tanning salon