--s quarter for micron micron has always been a bellwether for the industry.ell us what's happening in pc's. is it still a pc story? ian: it's no secret the pc market is on a multiple year down slope. i just listened to a conference call for an hour where all they got were questions about what are you doing to get better at production, what are you doing to improve your costs between -- because there's a gap between them and their competition right now. some ahere is always logical provider who would just pummel the market with production, flood the market with chips. micron would suffer, even if they were accurately predicting demand, somebody else could crush the market -- they have acquired competitors to keep that from happening. so what happened? they have acquired competitors, but not enough. their plan was to hoover of everybody, consolidate everything and make it rational. that works fine unless you are ronics market for elect which is multiple times larger than you which can spend whatever it feels like. there is another company out there which micron

if you want to speculate in micron, i don't blame you.h more with my exclusive interview with the ceo of ford. i'm finding out how the 113-year-old auto giant is steering to the future. >>> and a company that's working to democratize the stock market by using a smartphone and it's called robinhood. and a special west coast best coast edition of the lightning round so stick with cramer. >>> one of the first innovators of the american century. changed the course of history with one amazing idea. from detroit to silicon valley, ford is driving the automobile. into the future. >> as we spend a couple of days in san francisco, it's worth remembering that it's not just pure technology companies that have a presence out here. in fact, there are a whole host of companies you wouldn't normally associate with silicon valley that are bulking up their technological capabilities. case in point -- ford motor is working on new tech from connected videos to the internet of things to the autonomous driving capabilities. ford stock has been trading sideway

micron, micron in the same -- not really exactly the same business but micron has been ticking higher seems like people to his point is under positioned in the space because the rest of the space slaughtered. >> at this point, do you stick with the stocks that made those runs? >> i'll tell ya, broadcom is a big stock. that's probably one you stick with. i'll extrapolate it to a customer, cisco on the desk. they put up on okay quarter and the ceo does a lot. that's also a cheap stock trading 12 times earnings and massive balance sheet there. to me that looks poi s poised tk out above 30. that's where you go rather than -- >> cisco. >> cisco. >>> donald trump heading to silicon valley to woo some of the biggest names in tech but did his plan backfire? details later this hour plus opec refusing to budge but one top oil analysts says no news is good news right now. she'll explain right after the break. ant the latest products and services, but they demand the best shopping experiences. they're your customers. and by blending physical with digital, cognizant is helping 8 of the 10 largest

breaking news, micron, reported latest quarter and the chips are down.t resist that terrible pun. 25% decline in sales in the quarter for micron. they have had to lower prices to trigger demand. they make flash memory. we're talking about the trend of declining pc sales. micron is struggling. shares are off nine, 10% here in the extended session. back to you. melissa: lori rothman, thank you so much for that. david? david: there are a lot of questions about who would be better business-friendly in the coming election, donald trump or hillary clinton? of course donald trump is a businessman. hillary clinton has been a lifelong public servant as she considers herself. you would assume it would be donald trump but a lot of business people are going with hillary clinton. the question is, will that continue? here is governor mike huckabee. former governor of arkansas, former presidential candidate. he is also a fox news contributor. mike, i think the biggest issue is the one donald trump and hillary clinton are focusing on this week which we just touched on w

they run from five micron in diameter upward. you can't see them actually.hey run 10 times the speed of a bullet. they are so fast. unusual shoesry that they have. it provides protection against radiant energy. the surface of the moon will range between 250 degrees and -250 degrees. it will be tremendous. it is resulting from the lack of an atmosphere of mound -- around the moon. on the moon we have no such cut off. we must have this kind of protection. one is for the infrared. like big sun visors. we can actually do quite a bit. d1 to shut off some of these exercises. >> 3.7 pounds. it is very interesting. is it the same as he was up on the moon? it would not be the same, no. we are at one g. we need to decide how much effort would be associated with working on the lunar surface. we have three ways of achieving this. the first is a 16 g stimulator. it is a series of levers. with one end on it. counterbalancing, we can give the effect. it weighs several times. we use several roads -- ropes. a third one. a long pendulum is attached to the man sideways. as if

micron shares up 9% on a very bullish upgrade.re could be 30% upside potential for the shares of micron. one stock that has done a big reversal on the day, netflix. higher by 1%. a broadband report shows amazon has been gaining ground. ilx's share of internet traffic dropped 2%. amazon is small, but this is rising usage and a could be causing jitters. when we look at a two-year chart of netflix, we see lots of volatility. most recently we do have the stock trapping below buying support on concerns, perhaps around these internet reports. also, the company's upcoming reports in the july quarter, a will be interesting to see whether buyers can push the stock back up. if not, there could be downside ahead for shares of netflix despite today's's strength. vonnie: thanks. president obama to deliver a statement on today's ruling on immigration from the supreme court. that statement is scheduled for 11:45 eastern. the supreme court coming to a 4-4 indecision, saying the president's deferred action on immigration is basically not going to

>> i can't think micron is still part of a big dead cat bounce.fer nvidia and in that segment i like lamb research. thank you. let's go to mike in illinois. mike. >> caller: boo-yah from chicago. home of the cubs. >> i hate your cubs. go ahead. i'm sorry. last time was such a big defeat g ahead. >> caller: yeah, you made a great call this season about baxter. it was acquired last week for part cash. part stock by baxaltis. >> it's done and congratulations if you did it. baxaltis. is it a buy. she said i think it's a buy, buy, buy. well, that's how -- got to think of it. that's not how it got one. to brett in maryland. brett. >> caller: and, jim, i want to get your thoughts on keyw. appointed a new cnbc and sold off their commercial products and the stock had recently significant gains. >> 50% worried about cybersecurity starts after palo alto can't maintain altitude. let me look at this individual but the group concerned me ever since palo alto and cyberarc which is mixed money has been going down despite the fact that it's got the really very imp

as of right now, micron is one of the biggest movers in the s&p 500 right now, today. >>> to the britishxit vote, team fox business coverage. the best experts on this. charlie gasparino on the ground in london, and adam shapiro has e.u. reaction in berlin where europeans are anxiously awaiting the outcome. what are we looking at here? who will brave the rain? and when i say rain, i mean a lot of it. a month's worth of wet in just a matter of hours as british voters slog their way to the polls on this big decision day. flash flood warnings were issued in parts of southeast london as well as essex. look at this radar right now, the heavy green is heavy rain. by the way, we should tell you that fire services have taken some 550 emergency calls as a result of the downpours, and to make matters worse, the weekend-long glassen bury music festival has kicked off. musicians from coldmakers adele, cyndi lauper and art garfunkel expected to perform. concertgoers, well, they're used to mud and jumping and wearing tie dye, but they've been the stuck in traffic 14 hours just to get there. the festiva

matt: five microns in diameter upwards.ndcan't see them actually, as i said before, 10 times the speed of a bullet. >> they have a lot of energy. matt: they are so fast that [indiscernible] >> these are very unusual shoes that he has on top of regular shoes. matt: no, this portion of the suit protects against radiant energy. the boots provide protection against conductive heat. lost or gained through the fold of the shoe. >> the service of the moon can be hot to touch? matt: it can range between 250 degrees and minus 230 degrees. so the heat could be tremendous. ,nd then we have these visors which protect against ultraviolet and infrared rays, resulting from the lack of an atmosphere around the moon. normally on earth we have an atmosphere that filters out to a great degree harm of april -- harmful radiation. on the moon, there is no such cover, and we have to provide it. they could have burns and so forth. he must have this kind of protection. these fold down over his regular clothes? ultraviolet,ne for one for radiation.

the sector up more than 5% with double-digit gains in big names like electronic arts, micron, salesforce.com. energy and material stocks performed opposite, gainers in april but both were down slightly in may. here's the bottom line. the s&p 500 eked out a respectable 1.5% gain for the month and we are seeing some rotation in stocks at a time when the major indices are less than 2% from historic highs. that's very healthy for the market. if you're bullish everyone still hates the rally. sentiment hasn't improved that much, even though we've rallied almost 10% from the february lows. that's also bullish for the markets. for "nightly business report," i'm bob pisani at the new york stock exchange. >>> it may be a shortened week but it's a big one for your money. from housing to gas prices to getting a job, over the next few days we'll learn more about all of the things important to you. and you, the american consumer, seem to be doing your part keeping the economic engine revving. consumer spending which accounts for more than two-thirds of overall activity rose 1% last month, recording its bi

. >> micron, a very positive stance. this is a very big call. the stock has been creeping up.derivative play here is western digital. western digital has a real yield and a lot of people have given up on that one, too. do not give up on these. these are going to play to the texas instruments. >> micron having a play here. >> it's not done yet. we got the twilio, which is going to color things. the fangs are doing poorly other than amazon. it's worth noting that because people are reverting to older tech right now. >> jim referring to murrah taking it from reduce to buy. >> when we're out here, we have to talk about industrial internet and you got to talk about ford and the connecting car and who's doing the most to make it so all we got to do is go to sleep in our car and find ourselves at work. mark is going to show us around and what they've got going on here in silicon valley. i think it's exciting. >> he kind of looks like josh lipton, that shot right there. >> i hadn't thought about that. >> jim, hurry home. >> and don't sleep, jim. we need you back here in the morning. >

micron could climb higher by more than 40%.sing for the fed can second day. sincengest winning streak may. 663 billion euros. every single stock market industry group is rising. we have a slowdown in eurozone manufacturing and service is to the lowest level since january last year. news in greece today the ecb reinstating the waiver on greek debt allowing the banks more access to cheap refinancing. the move should provide a significant improvement in economic sentiment. this is the gauge of greek banks. since november 2007. look at it down by 99.93%. that's 81 billion euros of value disappearing. on the back of the news from the ecb on the greek waiver we have yields on the 10 year declining today. in 2012 the 10 year yield was 37%. yield wase two year 259%. good news for greece. breaking news at the top of macy's. there has been a succession planning put in effect over at macy's. todd lundgren will remain as chair but give up the ceo title to the president. this was part of the board's plan for succession at macy's. the major

this is after micron announced it is delaying its potential acquisition for undisclosed reason, so chipe. mazda also leading declines, export stocks coming under pressure. with a littlelar bit of jump with china data coming through, nothing to surprise or upset investors. up by around a 10th of 1%. still some strong gains coming through in the yen. rishaad: getting back to our top story, china's economy stating -- not a hugenge surprise here. it is painting this picture of an economy which is settling at a growth rate which is commensurate with the transition to a consumer society. >> i think that's right. the economy here is holding the line for now according to this data. no big surprises. there were some interesting changes around fixed asset investment, below forecast. it came in at around 9.6% year on year in may versus estimates of 10.5%. industrial output held in line with forecasts, rising 6% in may year on year. that compares to the 6% increase in april, and it is in line with forecasts. retail as well, a bit off forecast, 10% year on year for may versus estimates of 10.1%. inc

if you have a story like as a check out code for web site and look to micron story. >> james: lady againpictures of the scene where the officer stopped made as a truck stop. an armed gunman opened fire on one officer sitting in the hospital with critical injuries. he also shot another officer was taken to hospital we are told is in stable condition. that suspect then ran across fro the safeway and into the neighborhood or a barricade himself inside a home. some results of that situation this morning with house erupting in flames. they have confirmed that the suspect has died. we'll be back with more information on that story. ♪ amazing sleep stays with you all day and all night. sleep number beds with sleepiq technology give you the knowledge to adjust for the best sleep ever. it's the semi-annual sale! save $500 on the memorial day special edition mattress with sleepiq technology. know better sleep. only at a sleep number store. wannwith sodastreamter? you turn plain water into sparkling water in seconds. and because it's so delicious, you'll drink 43% more water every day. sodastream.

. >> we have an earnings alert on micron. >> hi, bill. a mixed report of the player that specialized in d-ram and nan technologies and loss of 8 cents. better than street expecting. revenue a bit disappointing at $2.9 billion. in the press release, the ceo says we continue to face challenging market conditions and, therefore, the company's implementing cost cutting measures and job cuts to save over $300 million in fiscal year 2017. keep in mind the stock is falling on this earnings report, down 5.5% after hours and this is one of those stocks that's really weighed on the nasdaq down about 27% over the past 12 months. and it also trading around $12, $13. just last month under $10 a share, bill. >> all right. thank you very much. michael, as we head toward the second half, i'm mindful everybody's searching for yield. we had a retail investor on last hour. he's in his 20s and playing reits for the yields. >> momentum i think appeals to people. the problem with that is going to -- if the consensus that treasury yields stay this low for this

management, including holding executive positions with i.b.m., fuji u.s.a., western electronics and micron p.c. with his managial experience, a vietnam veteran, mr. daniel -- managerial experience, a vietnam veteran, mr. daniel provides businesses with temporary employees. i congratulate robert d. daniels about awarded the 2016 s.b.a. veteran-owned business of the year for nevada. receiving the small business advocate of lifetime chievement award was bob cubsman who volunteered his time as a score las vegas counselor and mentor since 1998. with decades of experience, mr. cushman has used his invaluable knowledge to counsel 3,000 small businesses in southern nevada. his dedication to the small business community has been an invaluable asset to nevada so i congratulate him on being awarded the 2016 s.b.a. advocate lifetime award. receiving women of the year was director of the nevada business center. ms. jenkins has spent years working in the small business community to provide small business owners with the jearksal and financial resources -- educational and financial resources necessary to

also, this morning, you see interestingly a lot of upgraded in the market micron in chip sector two upg upgraded although one of the best performs out there also a big ipo continualing from tech sector you haven't seen a lot of talk about lack of ipos, worst since 2008 today composure to go see that end think put all these together, in the fact that technically the markets are sit under all-time highs an opportunity for when this news is out of the way of the brexit vote you are going to have covering of hedges you are going to have buyers into the market rally. >> let me ask you this if they leave does this big rally today, turn into a big sell-off tomorrow? >> yes. yeah. dagen: the positive reaction market is related to -- >> because of the betting markets to indicate i think, it would be -- with you use the word volatility people can't gus when direction turn would almost surely sell off one thing i want to point out quickly political futureist dade cameron hinges on britain remaining in eu on almost one hundred percent chance of him being out of a vote if britain votes to leave. >>