microsoft. he ran the company's rmb unit before ballmer named him the head of the server group. he reengineered that business into the unit known today as cloud and enterprise. under his leadership, it has risen to number two worldwide in cloud computing behind amazon. nadella is seen as someone who can help microsoft innovate faster as it tries to navigate the post-pc world. still count on windows and office, microsoft's two big money makers. so what does today mean for the future of microsoft? we have a group of special guests to discuss. from framingham, massachusetts. -- ave a former microsoft executive who reported to nadella for many years and cory johnson who is live at the event. michael, i would like to start with you. why did nadella make so long to make his debut to the public? itactually, if you look at in the context of the time he has been ceo of microsoft, it has been a very fast move. this decision was made when ballmer was still ceo. october, he announced that the office for ipa

i left microsoft a month ago. this is the first speech i will give and maybe the last if it does not go well. i am a little nervous. what do you talk about now? i want to pick themes that i would have talked about when i was at microsoft. i am clearly the former ceo. i want to speak about things that i would say upon reflection that i learned about business. we will see how that goes. i joined microsoft 34 years ago. at the time, the company was 30 people. we had done two and a half million of good revenue the year before. i had been screwing around in school during the first five years of the company's history. when i joined, the company was five years old. you can say two and a half million is a lot of money. compared to the $80 billion that we do today and the hundred thousand people, i joined a startup. i joined a startup. it is hard to talk about microsoft like a start up. i have a new perspective. i worked for a company of 30 people and 100,000 people in every size in between. we have done things well and sc

cheryl: you mention microsoft and we got some breaking news on microsoft. thank you so much for your time. adam: microsoft's event is kicking off in san francisco, the ceo is onstage, you can see part of a live feed. wall street expects microsoft to announce microsoft office, the office suite for the apple ipad is being updated as well as mobile strategies, the stock right now is off slightly, trading at $39.70 and we are going to get more for you from the event out of san francisco as such -- sasha nadella makes his first appearance on stage. nicole petallides is watching alcoa hit multi-year highs. nicole: take a look at the aluminummaker alcoa, lovely have not seen years, $0.77 at 1263 up 6.5% and two stories, what about the london metal exchange any court ruling as well as out, coming down with an aluminum wheel that is 40% later. the first story is the court ruled against a pending charge that changes the london metal exchange is working on. so far it is favorable for alcoa depending how long metal can be kept in warehouses. that is great move for alco

those are applications unique to microsoft. making a decision to share this with an operating system, there are planning to beat the marketplace. it is going to strengthen them very directly. 30% of those sales will go through the itunes store. that is a very aggressive decision. absolutely, this started under steve ballmer, but it also started with nadella showing the way of the future. >> obviously, office is one of microsoft's biggest products. i just spoke with bret taylor the former cto of facebook who is trying to replace windows through mobile altogether. i was in the next question out to you, crawford. his office really the right thing for nadella to be taking on yeah co. quacks absolutely. microsoft office is a huge part of that language. people can throw rocks at it and say it is not as relevant as it used to be, outside of the valley it is the way people use information. this is a move for them to up level away from the os and toward microsoft services. you're going to see more about office and one drive and skype as

i left microsoft a month ago. this is the first speech i will give and maybe the last if it does not go well. i am a little nervous. what do you talk about now? i want to pick themes that i would have talked about when i was at microsoft. i am clearly the former ceo. i want to speak about things that i would say upon reflection that i learned about business. we will see how that goes. i joined microsoft 34 years ago. at the time, the company was 30 people. we had done two and a half million of good revenue the year before. i had been screwing around in school during the first five years of the company's history. when i joined, the company was five years old. you can say two and a half million is a lot of money. compared to the $80 billion that we do today and the hundred thousand people, i joined a startup. i joined a startup. it is hard to talk about microsoft like a start up. i have a new perspective. i worked for a company of 30 people and 100,000 people in every size in between. we have done things well and sc

i left microsoft a month ago. this is the first speech i will give and maybe the last if it does not go well. i am a little nervous. what do you talk about now? i want to pick themes that i would have talked about when i was at microsoft. i am clearly the former ceo. i want to speak about things that i would say upon reflection that i learned about business. we will see how that goes. i joined microsoft 34 years ago. at the time, the company was 30 people. we had done two and a half million of good revenue the year before. i had been screwing around in school during the first five years of the company's history. when i joined, the company was five years old. you can say two and a half million is a lot of money. compared to the $80 billion that we do today and the hundred thousand people, i joined a startup. i joined a startup. it is hard to talk about microsoft like a start up. i have a new perspective. i worked for a company of 30 people and 100,000 people in every size in between. we have done things well and sc

microsoft. in its first media event since taking over at microsoft, the new ceo satya nadella will talk cloud, mobile and social, and is widely expected to unveil office for apple's ipad. the big question, will microsoft be able to convince the apple universe to go with them on that product? microsoft stock up 40% in the past year. our morgan brennan is live at the big event out in san francisco. hi, morgan. >> reporter: hi, tyler. yes, sitting right outside the building where on the 11th floor this event isic canning off right now. new ceo satya nadella making his first appearance in front of media and wall street for that matter. we're hearing there's about 100 people upstairs, standing room only. expectation, hearing from sources now, mobile, cloud, two areas where microsoft has been lag on competitors. also, widely expected to hear about office 4 ipad today one of the things sources telling us there should be big news around 1:20 eastern. keeping a close ear out for that. in the meantime, se

microsoft ceo reveals the company's first big product in years. were investors excited and will there be more to come? >>> and know the risks. why reverse mortgages, designed to keep older adults in their homes, are now closing a financial headache for some of their heirs. i'm tyler mathisen. >> and i'm sue herera. it was another down day on wall street, not by all that much, but the major averages did see losses. and the decline was driven by a selloff in technology companies. but it wasn't the small and mid-sized biotech companies we saw investors sour on last week. now we're seeing a selloff in the big cap games like amazon, google and netflix, all one-time darlings of wall street. after a choppy trading session the dow ended 4 points lower on the day, the tech heavy nasdaq slid down 22 and the s&p ended lower by 3. seema mody has more on what's behind the breakdown in thooers the these fast-growing tech stocks. >> reporter: vesting in fast growth tech names has been success. netflix up and google up a 55%. over the past pun month, shares of th

i think this is an interesting move for microsoft. it's the first major action by the newly appointed ceo it pushed the stock through this old resistance level at 3850 and up through the old 52 week high of around 39 bucks. that's going to become a new support level here. in the long term i don't really know what this is going to do for microsoft. i think offering their products on and ipad and for apple products might turn out to be a mistake in the long run. it could cannibalize their own business. if you don't buy apple hardware because it doesn't have these products, now you have no reason to buy microsoft hardware. i think in the short term, if the market's going to continue higher and microsoft is going to continue its momentum here, i think it's good for a short-term bounce and i could accumulate some stock here to test back down to that support level of around 39 bucks. > > yeah you have to believe that microsoft employees are happy with this, they've owned that stock for a long time, but you're thinking though for some people

microsoft. plus, what's behind the recent breakdown in tech. >>> welcome back to the "halftime report" where we're watching headlines on general motors. a federal judge is going to hear a motion directing gm to tell customers to stop grabbing recalled vehicles, according to dow jones, remember, gm contends they recalled vehicles safe were drive until repairs begin in mid april. a decision against gm could increase the call of the recall. we will continue to watch these headlines. right now gm shares are in the green up about .8 of 1%. >>> trader blitz. four trades on four stocks making news today. first up, lululemon spiking after beating on both the top and bottom lines. josh brown? >> here's the problem. year over year growth is zero. they lowered guidance. the thing is you have 20% of the flow short. so you got a little bit of a pop here. i would take the money and run. >> short covering, is that what you're suggesting? >> yeah. weak hand shorts. i think analyst made some positive comments th

companies that have filled a gaffe that -- filled the gap that microsoft of the has left. -- that microsofteft. how does geopolitics affect germany and china and russia? we're going to discuss all of that during the program as well. tech a big theme running through the polls today. i can tell you that. >> guy, thank you so much. i want to see guy versus hans versus ryan in f1 driving. this guy that shows what i'm going to work on. >> we would just give them a car and see what happens. we will be back in a couple of minutes. the genes are identified using a proprietary computer algorithm from one of the most extensive databases in the business. >> we have established a platform that is a combination of plant science and cutting-edge competition technology. we integrate them together and create a synergy that helps us understand how the plant is operated. then we can leverage this understanding in order to the fieldtivity in itself. >> the potential is huge. the market for seeds is worth around $19 billion, the same as conventional ones. seedsin ever genes non-gm and it could be raking in ove

this is microsoft's kind of way to block them. even if they don't knock it out of the park, it is partly a defensive mechanism. >> reporter: u.s. spending -- gamers spent more than $15 billion last year according to mpd. even though growth was flat last year, game sales revenue was down 25% in january, another reason microsoft and sony are going to rely a lot on megatitles like titan fall. josh lipton, "nightly business report," san jose, california. >>> still ahead, dairy, sugar, meat. prices are rising but will you see sticker shock at the supermarket? >>> pemco the world's biggest bond fund is getting a lot of heat today. it's coming from a company insider. long time pemco trustee william popejoy told the "l.a. times" he's outraged over reports that ceo bill gross takes an annual salary of $200 million. he took issue with his alleged quote bullying behavior toward fellow employees and reports of workplace clashes between gross and his heir apparent mohammed alarian. he suddenly resigned earlier this year. because of alarian's a

and microsoft with a surge not seen since the tech boom. those stories and more as "real >> al jazeera america is a straight-forward news channel. >> its the most exciting thing to happen to american journalism in decades. >> we believe in digging deep. >> its unbiased, fact-based, in-depth journalism. >> you give them the facts, dispense with the fluff and get straight to the point. >> i'm on the ground every day finding stories that matter to you. >> in new orleans... >> seattle bureau... >> washington... >> detroit... >> chicago... >> nashville... >> los angeles... >> san francisco... >> al jazeera america, take a new look at news. >> today russian president vladimir putin raised the ante by signing the treaty to annex crimea too the russian federation. europe's dependence on russian energy goes back to the 1980's. a lot can change in three decades, yet a lot stays the same. when president reagan took office in 1981 the united states and soviet union were nuclear superpowers confronting each other. popular unrest against moscow's iron gr

it did not help that microsoft surface tablet was a dud. in satya nadella, microsoft promoted a manager who has proven himself on both the business and tech side of the company. he is an electrical engineer from india who got his mba at the university of chicago. he has spent 22 years at microsoft. he ran rmb before he was named head of the server group. he reengineered that business into the unit known today as cloud and enterprise. under his leadership, it has risen to number two worldwide behind amazon. he is seen as someone who can help microsoft innovate faster as it tries to navigate the post-pc world. in the meantime, he can still count on windows and office, microsoft's two biggest money makers. >> so, just how much will his move onto apple's platform -- what impact will that make? for more, i am joined by adam, who covers apple for bloomberg. this sounds good. >> this shows kind of an acknowledgment by microsoft that their platform is winning here. they have come out with their own surface tablet that really was kind of a flop. and

look at microsoft. they are not competitive with the tablet. >> they have to come up with a product which is better than the surface. >> that is more port and for the windows story -- important for the windows story than the office story. >> downloads, have they been good? exciting stuff. thank you. we will talk more about microsoft later, as well as facebook. >> let's turn to turkey. the crackdown on social media continues. we have the developments. the turkish government is backing down. >> it is not backing down. it is becoming angrier and more aggressive in terms of its crackdown on social media. there has been a whole slew of revelations, leaks onto youtube and facebook, in particular, implicating the government and the prime minister in this massive corruption scandal in turkey. this latest video on youtube reportedly showing the foreign minister discussing potential military action inside of syria, that seems to have been the final straw for the government, which is already not very happy with so

and microsoft is hitting highs not seen since the dot-com boom. thii'm ali velshi, this is "real money." >> all right, this is "real money." you are the most potter pan of the show. join our conference for the next half hour on twitter @aj real money, @ali velshi, facebook.com/aj real money. we read all of them. inflation only rose by a pinch in february. food prices overall are up about 1.4% in the last year. the government says americans should expect to see food prices rise by as much as 3.5%. in 2014 if that's true that would be the biggest increase we've seen in a few years. okay, much of the rise will come from higher meat and dairy prices. drought conditions in california and texas force farmers and ranches to cull their herds, but demand has been constant, so prices have been increasing. meanwhile, prices for coffee and sugar are up because of dry weather in brazil. coffee furthers have dropped up 72%. hogs are 43% more expensive because of a virus that was killing some of them hoff as well as a midwest drought a couple of years. oats have

with hise here thoughts on microsoft's move toward apple and other developments in the microsoft is this-- business. ♪ tobut -- let's get back jonathan edwards. >> a little boring right now, but the story is anything but. household spending declined 2.5%. tax coming before a sales hike. the finance minister says the japanese government will frontload spending. 40% will come in april-june. thecompany -- question -- central bank of japan, a year since they boosted stimulus. will they be forced to act as well? >> these are the top headlines. the hunt for the malaysia airlines 370 focused on a new area in the indian ocean. radar indicated the plane flew a shorter distance than earlier indicated. the maritime safety authority says this is the most credible lead. nationsed set -- assembly passed a nonbinding resolution saying the crimean referendum to join russia has no validity. member countries are not obliged to abide by the resolution. a sydney-based property broker says it will except property the points of -- deposits in bitcoin. they are the first agency to accept the verso courts he. -

nice job with microsoft. out of the ones that seemingly want to rally, i think ibm is the outlier you might want to sell here. >> i think at these levels, you've bought the myth, the future that you hope happens. microsoft was the biggest contributor in the first quarter of the s&p. let's talk about apple, though, big cap, tech, i think tech continues, apple 11 times 2015 is the place. people are rotating. this is what's going on. for all the angst in the first quarter, market's up small or flat. and what's happening is you're seeing rotation. i think financials and big cap tech are the places you'll see in the second quarter. >> you were out a while ago. do you think -- >> then we bought back in. >> right. what's your assessment of where it is and the fact it sat out, big tech rally today. >> it sat out. it seems to be counter to everything broad that we -- you know, last year, and more of this year. i think right now, the story is so specific to apple, there's a great desire to see some new product. i don't

now microsoft's management is coming around. analysts say that is the right move. >> two of the biggest microsoft pillars are windows and office. you don't want to sacrifice one pillar for the other because you could end up losing both. by doing office for the ipad, they're able to maintain and secure the pillar which may be the sustaining pillar overall. >> reporter: analysts have been concerned nadella might act too much like a company man. this news suggests otherwise. >> he's willing to change it up. not going to be a core redmond insider. this is a good example strategic changes could be on the horizon. he's not afraid to make hard decisions. that's why you're seeing investors cheer this move as it seems like it's a sign of things to come >> caller: the suite in redmond is thinking differently. take home, expect a very different microsoft as it transitions from steve balmer to sacha nadella. >>> ceos are feeling a little bit better about the u.s. economy according to a survey by the business round table. the chief executive

i am excited about the possibilities of microsoft.ot be on this board if i were not excited. i think he clearly is the right choice for us at this moment in time. >> is satya working on a strategy? do you expect that to be presented at the march board meeting? >> he has been in the job less than a month, so i would have to think he is working on getting to know all of the elements of microsoft, many of which he had little or no interaction with before he became ceo. there won't be a strategy discussion per se at our march board meeting. we will discuss many other things. but there will clearly be an opportunity in the not-too-distant future for satya to lay out for the board and ultimately for employees, investors, and partners exactly what our direction and strategy will be. he is the man in charge of strategy. not me or bill, quite frankly. >> you can watch our full exclusive interview with microsoft chairman john thompson at bloomberg.com/tv. it is oscar weekend. we're going to look at award-winning technologies behind the biggest

big day for microsoft. 20 years ago. the new ceo has to run microsoft office for apple.f, what took so long? >> they build a moat around windows and they used to say that windows was the first priority. and now they are recognizing a couple things. we are moving to a mobile world. there is also a world where there is consumerization, where consumers decide what they are going to use. companies -- there is bring your own device. people are bringing their own iphone. ella project nod or effort or is this a group project? >> it has been in the pipeline for a long time but it is a fortunate time for him to be the person to announce it. microsoft is dealing with a multiplatform world. >> can you be a company that builds moats like microsoft and -moatifies and effectively tries to go the android route and be inclusive? >> they don't really have a choice to do 60% of their operating profits today come from office, not from windows. more of the world will move to ios. what they are announcing is really for apple devices, because apple devices dominate in the workplace, not andro

microsoft is selling rocket fuel to other people who have built better rockets.eed to get going. they're late to the game. yesterday, the nasdaq felt like mosess coming down from the mountain and they finally get it. >> but is it too late to get it? that's the rap against them. all i know is office is a catch cow for them and right now it continues to be. >> time will have to tell, but the reality on their grounds is they need to understand that is their core dna, be ubiquitous but the days of microsoft being it's own, that's gone. you need to expands your scalable business model. they failed miserably on getting microsoft office available through the ipad and it was clearly the major complaint of every business traveler, having to carry the ipad for entertainment, the lap top for the business and why it is that it took microsoft to figure out so long the customer is always right gets me. >> by the way, i love both, i'm a shareholder in both companies so no matter what you say, it will offend me. [laughter] >> garry, here is what got me about the tech press when

the notion of being on continuous subscriptions of microsoft, putting microsoft office on the cloud, that is a big change for the system and they are moving with all divisions into that direction. >> talk to me about the energy in the room. you can say a lot about steve ballmer, but you cannot say he did not have energy when he got up there and spoke. so much energy who is often sledding pretty heavily. today, did youit feel a similar kind of energy had channeled it a different way? how different will he be from his predecessors? >> my open question is not whether or not steve was a better salesman were that they could be very different. who is the buyer? who is the chief decider? in ait be the consumer world where the consumer decides i want this new ipad thing to work in my office and the corporation follows, or will it still be the people steve ballmer is selling, to whom he is calling to demand a meeting? that is the open question and i do not think we know the answer to it. is one he will have to figure out. >> in seeing them, they stand in wouldst to each other. you say there i

still ahead, a monster day for microsoft. the big headline that is making this somewhat boring tech name sexy again. and you asked for it so here's today's mystery chart. hint, think, and this is a little bit weird, lapsing suchong. >> the best get out of dodge stock plays. if you're looking to escape this endless winter, why he's pumping the brakes on tesla. he's also found pretty much the scariest headline that he and we have seen in a very long time. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> microsoft hitting a nearly 14-year high on a new report the co

the announcement came during the first-ever live event as microsoft ceo. the move signals a new growth strategy for microsoft. and the shares closed lower today. but they've been back up around boom time levels. levels we haven't seen since the year 2000. rick follows microsoft. great to have you with us. what do you think about the announcement today? >> the stock ran up in front of the announcement. i love the job that he did today. he's got technical credibility. he articulates a movement. the mobile, the cloud. not about windows, windows, windows. that's what balmer used to talk about. it's about following the customer. where the customer wants to go, we're going to be there. it doesn't matter who builds the platform. >> since you mentioned windows, isn't it going to be cannibalization. isn't that at the expense of windows and the surface tablet? >> i may not need to buy that next laptop. so, microsoft will lose $50 every five to seven years on a brand-new laptop. they can make $100 a year to subscribing to office. they're better with the subscription

microsoft is much simpler. write it up -- microsoft is great people. has great people in it. >> i like this idea. break up microsoft. vivek wadhwa, stanford university fellow and research director at duke university. we will have the top 10 traits you do not want to miss right after this break. keep it here "in the loop." back with the open in two. ♪ >> welcome back. i'm trish regan in for betty liu. bloomberg tv is on the markets for you. julie hyman has the latest on features which look slightly higher. >> and little bit of a higher open. after a two-day decline for the s&p 500. decline ifsnap the we hold again through the end of the session. this morning we did have personal lending rise the most in three months. that data coming up earlier. in about a half-hour we will get the latest read on the university of michigan consumer confidence. that is the latest reading from last month and that could also provide fuel for traders. the last reading we got on consumer confidence earlier in the week came in better than estimated. >> we will be back on the

microsoft's new ceo makes his appearance today.a nadella is expected to unveil plans from microsoft office on the ipad. >> how would you like to follow this act? the good news for satya nadella is, no one expects him to be steve ballmer. or for that matter, wanting to be. -- want him to be. satya nadella is happy to deal with the tug-of-war over strategy. initiallybill gates disagreed with steve ballmer's plan to make mobile devices. it did not help that microsoft surface tablet was a dud. satya nadella microsoft promoted to manager on the business and tech side of the company. >> i'm a lifelong learner. >> is an electrical engineer from india. at microsoft.ars he ran the company's r&d unit before steve ballmer named him the head of the server group. he reengineer that business into the unit known today as cloud and enterprise. under his leadership, it is risen to number two worldwide in cloud computing behind amazon. the dela is seen as someone who can help microsoft innovate faster as it tries to navigate the post-pc world. in th

david: investors like microsoft's new management.re is no loving among investors these days, is there. >> yesterday was the two-year anniversary where they reinstated dividend. when you go back the stock has performed, total return, factoring dividend, down 8% over last two years. liz: is apple more after basic value stock, not a growth stock? >> it is. nine times. it will maybe grow 1% this quarter. liz: it is not a growth stock anymore. >> not at all. that whole back and forth on earnings call, are you growth stock? growth stocks grow quarter over quarter. at very least they have double-digit growth on year-over-year basis. apple is shrugging along with single-digit growth. david: microsoft is not a growth stock either. >> it's a value play as well. you have to be a little concerned. there is a lot of expectations built into -- david: particularly now because it is over 40. >> correct. they still have the hard work of turning around the pc declines and getting traction in the mobile space. liz: any chance microsoft would spin off t

oracle tolla brought the microsoft cloud. this is something they did not expect microsoft to do.ave a different place than they did 10 or 12 years ago. this is a way of reaching out to the consumer. this is all about the enterprise and offer 365 in making this relevant to corporations that find themselves filled with ipads. they want to do that with microsoft software. >> mark moore dollar is here in new york city, nodding his head. does this mean something to satya nadella? >> microsoft cares much about this move to cloud subscription, a has beenatya nadell the last couple of years working on, the move to the cloud. idisagree a little bit -- also think about the consumers and the $3.7 billion consumer makee revenue and had we sure this is protected and if they can move that, even a portion of those users can drive all of that revenue to the move to subscription. both sides of the story drive to corporate and make it more relevant, part of the move and protect where they can on the consumer side. >> here is one thing i am wondering about. $3.7 billion in consumer revenue. how val

first, i want to get to this lead, which is microsoft. so many different moving parts of the company. the incoming ceo starting to make changes to management. the out going ceo speaking at oxford union about many things, including describing microsoft as a two trick pony. also suggesting it was a bad move to move into hardware late in the game to go along with the software business. bloomberg news also reporting behind the scenes happenings at microsoft the past few months, including that steve ballmer struggle to get the board approval on the $7 billion plus purchase of the handset business. on the development, i want to bring in matt mcewan. seattle-based venture capital firm. you are right there alongside microsoft. quite know the new ceo well. starting with what bloomberg news is reporting. amazing details over the past few months. they beat us having the easiest time getting the board to sign off initially on the nokia deal. what do you think about that? >> $7 billion is a big deal. additionale, the question of is microsoft needing t

first public appearance as microsoft ceo.e's expected to unveil microsoft office for the apple ipad. we talked about this in the last hour with jon. >> no one is getting with this story other than jon fortt, it just can't b be ipad microsoft word. that alone is t not much of a story. there has to be collaboration features, element of pricing. perhaps it's a platform where they say you can move documents to box or evernote or something like that. that alone can't be the story. >> the analyst on last hour said just give 10 million subscribers to pay 100 bucks a pop and voila, a billion dollars in revenue. if it were that easy, why didn't they do that a long time ago? >> it's not that easy. 100 bucks a pop is a lot for your ipad user. they spent a lot of money on candy crush but are not going to pay that for what they can get for free from other app providers. what microsoft has to show is an enticement to get the people trying on software mobile again and to get a little bit more for upsale over time. >> it's a signal of deemph

microsoft shares pretty much flat for 10 years.le straigh street feeling pry optimistic about microsoft new ceo who made his public to be a couple hours ago. how did he do, what are the biggest takeaways from that? joining me now, managing director and senior analyst. daniel, what is your take away from today? what was the biggest headline for you? >> office for ipad. opening up the platform. we view it as a three to $5 billion opportunity. feels like there is some fresh air. you have a ceo willing to make the changes. sandra: why is it such a big development for microsoft? >> that is where they are at. it has been very late to the game, this is a big opportunity, but the first signal of more things to come in terms of what we will see on the cloud, on mobile and on windows nine. sandra: what was your take on the first public appearance? he has a lot of energy, it is a big change. >> that was part of it. the polo shirt and the small states, tribes be more of a silicon valley than a buttoned up. which has been a frustration of inves

we want to talk about microsoft as speculation that microsoft could set to unveil the ipad later todaysan francisco press briefing is focused on the incident every section of cloud and mobile computing. that's what it says. and it will include the first public remarks by ceo nadella since his appointment last month. morgan is taking a closer look at what we might be able to expect. >> in its first press event since taking the helm, ceo nadella will talk cloud later today. he's expected to unveil office for the ipad. microsoft is saying it will involve news focused on the intersection of cloud and mobile computing. the new service will reportedly look and feel similar to office for iphone. include word, excel, powerpoint app and require an office 360 subscription for editing. analysts believe office for ipad would be a multibillion dollar career opportunity for microsoft. in addition, it will be the first chance to get more details about nadella's overall vision and strategy since taking over for steve bomber last month. the event kicks off in san francisco at 1:00 p.m. eastern and i'll