nasdaq thanks to microsoft hanging in the green. we'll have more on microsoft.awk alley" up next. >> the dow down about 41. within the dow we have mcdonald's up on a decent earnings and comps record. 2.7%. honey well getting -- ge down 1.6%. also weighing them down. that was based on narrow and somewhat disappointing order guidan guidance. right back with "squawk alley." ♪ ♪ the highly advanced audi a4. ♪ i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it could save you in out-of-pocket medical costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announ

microsoft's kicks off at 5:30. microsoft, what are you listening for?delivered their outlook, people will like what they hear. stock is trading above 60. >> all-time highs. for one brief shining moment, nobody has a loss in microsoft stock. >> theoretically. >> it's a vote of confidence in satya nadella. >> see you tomorrow. >>> kelly is back here tomorrow as well. that's it for "closing bell." "fast money" starts right now. >>> "fast money" starts right now. live from the nasdaq overlooking new york city's times square, i'm melissa lee. tonight on "fast," media legend and former fox president peter chernin is with us about what he thinks the next big thing in media could be. >>> our traders separate fact from fiction and give you the best move. >>> and stocks falling after a bernie sanders tweet. what other names could be in the

david: let's talk about microsoft.started that when you were in high school, and you were driven to be involved with computers. review alone, did many people know about computers? mr. gates: it was a fairly special time because computers when i was young were super expensive. my friend paul allen and i actually snuck in two places at the university of washington when they had computers that were not used at night. we were fascinated by what the computer could do. way ando go out of our were lucky we did at all. when the idea of moving the computer onto a chip that intel would make and would make the computer literally millions of times cheaper than the ones with reducing, so both powerful and available for people on a personal level, then the idea would be very different. the software you would need, the way the industry would work. we were super lucky to be there when that was happening. david: what did your family think? g like,y say somethin there's something wrong with this man? mr. gates: they knew i was obsessed

>> i think this is pretty microsoft specific. we got guidance from microsoft for q4. we know they had a solid q3. microsoft's çpc-business was down, the other stuff is making up for it. they have two hats, they have the cloud business, which is private and public, and that's growing. the aws piece, azure, excuse me, grew 140%. that's what they want to see. we were all just talking about it. you own the stock, this is one of the reasons you think it's going to be a $100 billion market. these guys are well positioned behind amazon. >> it's hard to argue with the growth you're getting out of azure and office 365. these guys can now say we've transitioned the company from the dwindling pc business. it gives analysts the ability to forecast their business. these guys say they have an annual growth rate of 12 to 13% over the next four or five years, which is why they get a little bit of a premium. the success of management in turning this boat gives satya nadella and his team a premium that management trades at transparency. thisç stock trades at a premiu. >> stock sounds

microsoft shares have doubled since august 2013.he stock hit an all-time high in after hours trading hitting a height it hit at the peak stock bubble, 1999. if we hope at these levels, that will be a record high. the analysts impressed with some of these numbers in the cloud. discounting the fact that pcs and mobile remain weak for microsoft, it's all about that transition. the buzzwords you need to know in terms of growth for microsoft, commercial cloud business, that is azur and office 365. and the growth rates continue to be tremendous double digit growth on revenue on what was higher comps last year. >> share price performance is staggering. we forget about microsoft. we talk about the f.a.n.g. stocks, more exciting tech stocks. microsoft since the lows in 2009, up 400%. that trumps the post-ipo poor performance of facebook. so satya nadella has done an extraordinary job with this. i have one outside question, likewise for amazon and all the cloud companies, are they open to a massive hack? we've seen hacks in all sorts of e-mai

let's get to microsoft.t is up as we said in the premarket this after posting better than expected quarterly results helped by gains in its cloud business. ceo sacha nadela on last night's earning recall. >> our annual run rate now exceeds $13 billion and we remain on track to achieve our goal of $20 billion in fiscal year '18. once enterprise customers choose one of our cloud services, they continue to adopt more services. >> so the cloud is not just helping them because it's growing so quickly, jim, but it's also then having customers who are then moving to other services. >> amazon for the first time has got a real credible threat here. that's how good they are. >> amazon's 31%, i believe, what we call the cloud. where you basically -- >> web services. >> web services. >> as your revenues once again grew triple digits, 121% in constant currency, the margins here are good. satya is killing it. when i saw him literally a year ago, he came to me with an $18 billion run rate that he thought he could do cloud.

it fits with microsoft's mission.nk that's fantastic. >> what's the worst thing you did that was like, wow, that's really stupid. >> buying aquantive. it was probably what i call just a blow into a gael forced wind. >> dare i ask about the phone business? nokia? >> the phone business i'm not apologetic about. current management chose to go in a different direction. our board knew what they were doing. told the board i was going to prepare to leave and i think it's just a question how the company wanted to play it. they did what they do. >> do you think they will buy salesforce. that's always the one i think got away or would have happened. to me that was more natural than linkedin. >> look. i'm a guy who actually believes in revenue had and profit. i really do. and, you know, you can dilute something. and get nothing back. i'll just tell you i could never make the math work on salesforce. never ever ever ever ever never. >> while we're here, what should happen to twitter? >> you know, twitter, i think it's a really go

one stock moving is microsoft. julie hyman has more. julie: microsoft stock is surging.tes driven by growing demand for cloud-based services. let's dig into microsoft. the numbers don't lie. microsoft has been growing its intelligent cloud segment. sales rose over 8%. revenue from the cloud services more than doubled. the cloud is helping microsoft outperform even as demand for p.c.'s remains in the doldrums. the commercial p.c. related and consumer product growth. we have a tick up in commercial as consumer is flat to down. during this transition to more cloud-based services, you can see a return to revenue growth for microsoft. a rebound which may be an early side of transition -- early signing transition by the c.e.o. is paying off. microsoft made its largest ever deal when it announced the acquisition of linkedin. whichan expensive move sets a high bar for microsoft prove it is worth it. the deal has the highest of at leasttiples $5 billion a year. microsoft valued it at more than 85 times earnings. despite opposition from salesforce, microsoft still expects to close

microsoft coming out after the bell.days to go to the election day, investors scratching their heads which path to take with their portfolio ahead of rally. my next guest says he has perfect road map for your money. we have chief investment officer, eddie per kins. 300 billion in assets. walk us through both scenarios. i want to start first with hypothetically, a trump victory. what does it mean for the markets and for investors? >> i think initial reaction of the market would be to sell off. wall street doesn't like uncertainty. that would be unexpected. there would be fears after trade war. fears of what it meant for the dollar. road map would be "brexit," you get a short selloff. money would come into the market and want to buy the market at that point. i think long term his proposals might be pretty good for the market. corporate tax reform, infrastructure spending that would be good for economy. liz: glad you brought up "brexit" analogy. we had horrifying day post-"brexit." since then the ftse hit multiple highs. br

microsoft was not able to catch them on search.ve everyone trying to take down facebook on the social side. they weren't able to catch facebook on social and now you have facebook going up against snapchat. if you are a large incumbent, you have many lines of his this -- lines of business and you're going up against a small and capable startup with a lot of traction, it is very difficult for you to compete. emily: i hope you are taking lots of pictures for posterity. oftentimes, the traction is about individual teams. how do you overcome the challenge? if not everyone at the company is using it, you are not singly full power of using the product. -- you are not seeing the full power of using your product. stewart: we will move to the enterprise product, which comes out next year. we are starting to see the benefit come from the whole company, but it has always been a product for a team. that is still at the core of it. a team can be five people or 50 people. when you get to 50,000 people, it's a loose metaphor. so we want to move o

microsoft will be reporting earnings after the bell.rowth is certainly still coming through in its legacy business, windows or office. it is delivering the last quarter or two. what you see is the orange bar, the commercial pc related growth. for the firsttive time in seven quarters. the consumer business has done even better. bill belichick notwithstanding. he had to buy a new one. this growth may be fleeting. we also heard from intel during this earnings season that the whole pc year end demand could be lackluster. you might see a drop off their. for now those legacy businesses are developing. att: lisa abramowicz wrote story for bloomberg gadfly that i just cannot get out of my head. here's one of the charts she included in her story. this is based on blackrock saying they estimate investors are holding trillions of dollars in cash. get your head around how much cash, $50 trillion is. these bars here show you the total gdp of these countries. that doesn't even add up to the $50 trillion in cash that investors -- that blackrock says i

emily: what is your take on microsoft vs. apple?erall, microsoft was not just a hardware service. for windows, they did a ton to move the windows platform forward. that is important because you look at the two companies, there is exponentially more consumers and workers on windows than on macs. i think the way they are starting to come away from that productivity is just excel. they are getting more excited about creativity and 3-d. that's pretty exciting for the windows ecosystem. i think they did a lot to move windows forward. mark: i would have to agree. i think they are working are two different spectrums in terms of their computers. microsoft came out with the surface studio which looks like an apple patent from four years ago, where you can use it like an i-mac and draw with it. it's interesting that apple decided, for whatever reason, not to take the approach with the i-mac. in the terms of the mac book p ro, it is a totally different direction than the latest microsoft laptops. even have it in the clamshell mode like a norma

i'm not particularly bullish on microsoft. know, microsoft is trading 20 times this year's earnings. that's a ten-year high. the yield had something to do with it. it has underperformed, up 4% of the year, versus the nasdaq up 6. i do not like the deal they just paid $26 billion for. >> so are you bullish microsoft? >> i would rather take a shot, targeting the earnings event, okay, that they're going to be able to beat and raise and the stock is going to break out, make a bullet for 60. here's the thing, i would want to do it with defined risk. if approximate i was long stock. here's the thing, i would want to do it with defined risk. if approximate i was long stotm. here's the thing, i would want to do it with defined risk. if approximate i was long stock, i might consider the trade into earnings. because i want to define my risk better. the stock on average has moved 7% over the last four quarters. so listen, here's the trade, very simply, look out to the october expiration. the company's going report day before that, okay?

and microsoft reports today.hares are declining into that it looking at the other assets, the dollar is gaining as we saw the euro declined in the wake of the mario draghi comments. crude oil coming back from the 15-month high yesterday, and natural gas continuing its recent plunge. another company reporting walgreens. originally we saw the shares languishing a bit, or there were parts of the report disappointing analysts. there were also reports it would see a closure of the right data acquisition. there were questions about ftc approval. it looks like right investors in particular are reassured by the commentary. scarlet: good stuff. thank you, julie hyman let's check in on " first word" news with mark crumpton. mark: donald trump is mocking the comments of last nights's debate that he might not accept the results of the presidential election. at a rally in ohio, trump said he would "like to pledge to my supporters and all the people of the united states that i will totally accept the results of this great and

start with microsoft, shameless, i know, i own some. and big in clouds, around the block, would you buy it? anthony? >> i would buy it. stuart: at 60? >> i would, stuart. i think the market's going to be stronger than people think next year, a combination of fed forces and of better than expected economy and this is a dividend growing stock. high yield dividend stocks are going to do well next year. stuart: larry levin, would you buy microsoft at 60? you're a technology guy, i know you are. >> i am, and i like anything with cloud service and i like anything with vr. crowd services, microsoft, amazon, both buys to me. stuart: how about, you brian? >> the short-term the whole amazon thing is in the business and see what happens in the short-term of that. stuart: i have to go around the block again. we've got a denial of service

what about microsoft? not: microsoft results were great. maybe not as bad as some had feared, not great. maybe not as bad as some had feared, -1%. that could've been a lot worse. this is a windows market. particularly the third quarter which can bebe so bumpy. we will see how that might diversion. intel they said fourth quarter. there was early ordering in the third quarter. the fourth quarter might look a little light. no indication of the same for microsoft. usually as goes intel goes the rest of the pc industry, and as goes microsoft. cloud,let's dig into the because this is their big bet. a lot of people saying this could be the future of microsoft. how is cloud revenue shaping up versus amazon? cory: fantastic for microsoft. on a year-to-year basis they reported a substantial increase in the cloud business, but especially in the -- the business most comparable to amazon web services. if you look at it quarter after quarter, what you see is an acceleration of that growth rate. 108% growth. 121% growth is really fantastic, even as the bu

microsoft all-time high.aybe it's time to hit the register. >> no, it's not time. >> people who are watching the show own it and wondering the same question. >> it's not time to hit the register, and it's important to think about with microsoft what they now have the ability to do utilizing that value of their stock right now. microsoft, if they can't grow organically, they'll go out and buy it and have the ability to do it. >> they can grow organically. they grew their cloud business and saw gross margin improvement year-over-year. this is an old tech company that has changed its stripes and actually is now growing in their growth businesses. that is a reason for a rerating in my view. 15 times. just think of trade 20 times. they can continue to put up this kind of growth. >> you also have to realize -- steph, you mentioned old line technology, but that whole sector has been on fire this whole year. there's other stocks that you should look at. cisco systems. intel obviously sold off after the earnings last

do, let's start with microsoft.are reportedly trying to take you on and they have some ,ools in place like yammer office, skype, dear concerns about that? stewart: we welcome the opportunity to compete. one of the challenges is this is a brand-new category and not everyone knows about it. --a soft is getting the microsoft getting the seal of approval on this category will help a bit. if you ask professors -- our investors what they said before slack generally they say nothing. you can imagine what kind of challenge it is when you come into a brand-new company would people have no idea what they would even use this for. i believe in our ability to produce a product that people truly love and people list slack as a perk in job prescriptions and we have this organic growth usually unseen. here at ibm we started with 5000 people using ibm at the beginning of this year and ended up with 30,000 and up because you pushed, but because people love the product that find utility in it and it spreads. i think they will have to

lauren: stock to watch is microsoft.aring after cloud computing business is kicking it into high gear. nicole: in sports chicago cubs finally waking up. lauren: can't wait. friday october 21st. welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. nicole: breaking news this morning, british american tobacco offering to buy reynolds american in a 47 billion-dollar cash and stock deal. they want to buy 58% of reynolds it does not already own and $93 billion. the offer representing 20% premium over reynolds closing price on thursday. the deal brings together lucky, palm. it is looking 54.50, 54.95. that higher and you're seeing british american tobacco, that's also higher, 118.13. closer to 120 to 121 this morning. lauren: donald trump explaining what he meant when he said me might not accept the election results. >> of course, i would accept a clear election result but i would also reserve my right to contest or file a legal challenge in the case of a questionable result. lau

much more on microsoft and great interview with former microsoft ceo steve balmer in just a bit. a propitious day for that. to the developing story, surrounding at&t and time warner. it seems bigger is better once again. at&t down a little bit, by about a dollar. time warner moving up by 9% at 9076. david faber working the phones and is here with the latest. what are you hearing, david? >> developing is the right word and things are developing very quickly. in fact, so quickly that you could see a deal announced as soon as, let's call it shortly. will it be as soon as monday? hard to say at this point. but the point is that after what appears to have been actually months of some conversations and certainly work on the part of some advisers, these two companies are close to inking a potential deal that would actually meantime warner would be owned by at&t, a dramatic move for at&t as it builds on what already was a large deal when it acquired additional distribution opportunities and video with the large acquisition of direct tv. this brings it into the content arena with the acqu

ashley: microsoft.er] >> i want to say thank you for anthony, larry and brian, and i promise we get to virtual reality, you're the vr guy. that's next week, i promise. we're down, but not as much as we were 90 points lower. now this, the government of venezuela slamming a new pro-hillary spanish language ad. it compares donald trump to hugo chavez and adolf hitler and more on the al smith dinner, hillary and trump taking shots all the media is talking about is trump's one joke that drew boos from the crowd. we're on it. an important message for americans eligible for medicare. the annual enrollment period is now open. now is the time to find the coverage that's right for you ... at the right price. the way to do that is to explore your options. you can spend hours doing that yourself ... or you can call healthmarkets ... and let us do the legwork for you - with no cost or obligation. we'll search a variety of plans from nationally recognized companies to find the coverage that's the best fit for you ...

let's begin to microsoft. microsoft has been growing its intelligent cloud segment.more than 8% in the first quarter beating the average estimate. revenue more than doubled. the cloud is helping microsoft outperform even as demand for personal computers remain in the doldrums. you can see commercial p.c. related audit growth, which is the orange bars. in yellowrowth basically flat in the fiscal fourth quarter. microsoft has made a return to revenue growth which may be an early sign the transition to more cloud services is starting to pay off. let's not forget microsoft this year made its largest deal ever when it announced the $26 billion acquisition of linkedin. it is an expensive purchase and sets a high bar for microsoft to prove linkedin is worth it. it has the highest earnings multiple of any takeover valued at least 500 -- likely dollars this year. -- $5 billion this year. clearly bigger than anything we have seen over the last. year. . despite opposition from others in the industry, microsoft expects to close the acquisition this year. oliver: thank you. "what

let's dig into microsoft in today's the numbers do not lie.which sets a high bar for microsoft to prove it is worth it. the deal has the highest earning multiple, valued at $5 billion this year. microsoft value at 84 times. you see it is really pretty high up there. this is al qaeda -- this is all microsoft's strategy. there is growth of 108%. to orientort microsoft's business around the cloud comes as traditional software sales shrink. -- ann see, an order overall return to revenue growth. it is starting to pay off. nonetheless, the legacy business is delivering. year, windows,t and commercial pc growth, those of the orange bars. they returned to the positive for the first time in seven quarters. consumer growth in the yellow bar is doing better, jumped 27%. however, this growth may not last. intel shows your long pc demand might not. and like the other big tech names, microsoft is a swimming in cash, well over $100 billion worth. like apple and alphabet, the bulk of the cash is held overseas. microsoft is not likely to repatriated without a

microsoft microsoft continues to blur the line between tablet and this is a tablet screen that snaps into a full size keyboard base. the new surface book has twice the graphics processing power and up to 16 hours battery life... it starts at 2400 dollars. nats.. hp hp updated two of its best selling models... the spectre x360 is a laptop that folds back to become a tablet... its now there is nearly no border on the display. hps slick looking envy laptop now has 4 times the battery life ... up to 14 hours. 10;31/for 25 years weve been defining and redefining what a notebook can do apple refreshed its macbook pro lineup... the company killed the row of function keys... 10;37/this is crazy...mapping stuff to 45 year old keys in their display strip... called the touch bar. it changes to show options for the app youre using... like bookmarks when you're surfing the web... shortcut tools for editing... and those all important emojis when youre using typing. nats... a fingerprint reader is built in so you can login to your computer without typing a password... there is still a headphone jac

. >> what about this notion that microso microsoft, y 2 k, 57.5% right now. the thing is going to trade at 60 at some point. when they october on october 20th. the stock is going to break out and make an all time new high. i'm not bullish on microsoft. they're trading 20 times. that's like a ten-year high. it has underperformed the broad market. it's only up 4% versus the nasdaq. it's up 6%. i'd rather take the shot targeting the earnings. it's going to make a bullet for the 60, but i would want to do it with defined risk. if i was long stock i might c consider the detail. here's the trade. very simply. you look out to october expiration. the companies are going to report a day before that. the october 57.5 calls are offered at $1.45. 2.3% of the underlying stock price. the stock has moved 7%. that's a pretty reasonable, defined-risk way to play. the next three weeks and an earnings event, if i'm wrong, i'm wrong. i'm not willing to make a bearish bet. >> you can keep it really simple and just own premium. in this case, just owning calls or the puts, especial

this is an thanks to our friends at microsoft pulse. tes.org, you wadeba can decide the subject matter we will discuss later in the hour. you can pick from four topics. in a few minutes, we will check in on the results, and that will determine some of the questions in this debate. this evening, i'm joined by some of my colleagues in the news coverage failed. -- news coverage field. debate coalition has received hundreds of audience questions about immigration reform, especially as it affects people who are invited here on and employment-based pieces. senator murray, this is a question from redmond. i have been in the usa for 10 years on a h-1b visa. my green card is still pending come and it was no hope of getting one of the near future. every time i go out of the country to visit my family back home, i run the risk of getting stuck outside. i had to quit my -- i have to on my job, my house, my life -- at risk to take a vacation. do you support the removal of the per country limitation on h-1b visas? sen. patty murray: thank you for tha

i mean -- this is with microsoft's performance today.o i'm just going to make the bet that this is due for your next checkback. a group chart of the top five stocks in the s&p tech. all right. now here's that same group. this group juxtaposed against the s&p. and that's something that also is a little bit -- your s&p has made no progress for essentially two years. which means if there is any stumbling here, what's that going to mean for something that's made no progress in two years? let's keep going. all right. final chart. this is telling. relative strength, relative performance, is one of the highest-rated factors in all quant models. the top panel is qqq, the top big stocks, a third of the weighting. and the bottom panel is a relative performance to the s&p 500. and so what we know is that the qs actually got up back above their high, made new highs, absolutely. but have not made relative highs. meaning after all this, after y. but have not made relative highs. meaning after all this, afte. but have not made relative highs. meaning a

that's a microsoft product.kicked off the campaign with accessibility features and ad about accessibility, something that microsoft did yesterday. i feel apple is doing catch-up and that's not where you want to be if you're a cutting edge tech company. >> i think that right now, ironically it's all of a sudden appearing that microsoft is cool, that stock in and out of all-time highs, lot of attention towards its latest hardware including a computer that is very much as appealing as any apple product. in fact, many have said apple-like. that used to almost never happen. what do you make of all this? >> yeah, here's where you need a tyrannical or visionary as your leader, in a lot of ways steve jobs is that, and ceo noddelo for microsoft says he wants people to change the way they think about microsoft and wants to encourage employees it change the way the world thinks about microsoft. for many years we thought they're the windows guys, they give us office, and they're shifting and becoming much more aggressive. t

the microsoft cloud helps us stay connected. the microsoft cloud offers infinite scalability. the microsoft cloud helps our customers get up and running, anywhere in the planet. wherever there's a phone, you've got a bank, and we could never do that before. the cloud gave us a single platform to reach across our entire organization. it helps us communicate better. we use the microsoft cloud's this cloud helps transform business. this is the microsoft cloud. [ crowd noise ] whoa. [ gears stopping ] when your pain reliever stops working, your whole day stops. try this. but just one aleve has the strength to stop pain for 12 hours. tylenol and advil can quit after 6. with 12 hour aleve. >>> finally tonight, a little here's john donvan. >> can you do anything? >> yes, i can do anything i want. >> reporter: sophie sanchez, in her own words. >> are you smart? >> yes. >> reporter: a video of her mom asking her questions that got 5 million facebook views this month. >> little miss. >> yes? >> do you have down syndrome? >> yes, i do. >> is down >> no, it's not scary. >> reporter: sophi

this is a really interesting spin the way microsoft is doing it. and the pc is gorgeous. >> what did you think of the surface dial? >> i love it. the head of hardware is saying that is just the beginning. you will see more hardware accessories that will work with the service. you can also use that same accessory on the surface pro as well. i mistakenly said 300. it's $3000. mac book pros are $2000. are people willing to pay this? >> oh, yeah. apple will also offer two terabyte drive for the first time. it's going to be a higher end thing. the display will be the retina display but it will get a pixel upgrade because their imac two years ago got the 5k. what would be interesting was if they took a thing from microsoft and created touch screen imac it desperately needed, having the creation with the apple pencil. that would be awesome. >> what about the timing? >> it is cool. >> here we are today with microsoft. >> they have diminished the announce by having this today and they have diminished the business reviews on declining revenue. it's brilliant

shares of microsoft up more than 5% after-hours.he tech giant posting fiscal first quarter results that topped estimates, both top and bottom line. ashley webster is pouring through the report. you have new details for us. let us have them. >> absolutely, melissa. you asked for them, i will give them to you. interesting, by the way such a good report as you say, up 5% after hours. on track to add 22 points to the dow tomorrow at this rate. the star once again for microsoft in this report has been their cloud-based services. azure, it is called, revenue grew by 1116%. in fact entire intelligent cloud unit added 10% or up 10% to $6.3 billion. also of note, as we go through this report, microsoft saying it expects to complete the acquisition of linkedin by the second quarter of fiscal year 2017 as well as sale of some of its phone products. yes, they did have phone products. remember lumina? that is going out the door. revenue down 72%. wipe that out. all eyes on the cloud so to speak. microsoft still a very distant second to amazon we

also, microsoft raising its game.right back at the other side of this break. , is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. >> up 51 points. art cashin, kln, said -- all of this as inventory numbers at the bottom of the hour got a squeeze going on crude, and that lifted stocks to some degree. we just talked about microsoft. not that far off from that all-time high. almost $61 still. >> yeah. it was a squeeze up from cashin that drove oil and brought the market into $50. it remains in focus for the afternoon session. we should also take a look at wal-mart. economic times they could reverse their $1 billion investment in flip cart, which is india's amazon equivalent. we covered a lot here, and we're telling our viewers. >> cmg still under pressure. that's after the bell. let's go to scott wapner and the