now, microsoft is having just been a lot more money on r&d jakarta keep up with microsoft and googlend others. emily: last quarter, they have rolled out some new devices. how is the hardware line doing? cory: the hardware businesscory: is not big for them. it was a way for them to lead and show by example. the computing business, the pc business, they call it more personal computing, which is ridiculous. more personal.intelligent cloud . if they had a stupid cloud business, i would allow them the adjective. soapbox, i am to. -- am done. 1%.usiness down only that is a home in victory in this environment were only apple is seeing growth in pcs. emily: speaking of personal, pc shipments continued to fall. what does that mean for microsoft overall given the windows news? cory: this could have been a lot worse. we talked about over the course of doing -- it is growing. emily: seven years and counting. cory: again, down 1%. they would happily take that while they grow this business. i have always liked this comparison of looking at wall street estimates, but with this move in the cloud and

we have microsoft, visa, call at all one and ebay microsoft, visa, both holding on to gains about 1.5%pital one up nearly 1.5% and ebay down 3% intel getting out of wearables sources telling cnbc the company has eliminated its entire wearables division in order to focus more on augmented reality. back in january 2014 they made a big push at the consumer electronics show showing off a head set and head watch. the same year paid 100 million for basis and in april the cap was already late to the company. he said, quote, we are catching up i should just start out admitting that chrissy farr from cnbc joins us and broke the story. why have they decided that now is the time to throw in the towel? >> great question. we've seen over the past few years intel starting to shy away from wearables after making a huge splash back in 2014 this is a company that missed out on the mobile revolution and for them it was all about wearables and then we started to see some signs of discord and distress over in that unit the basis just did not perform as well as expected and now we're hearing from sources o

microsoft and visa, visa is a dow component!arnings beats plus the nasdaq rising for the tenth straight session, closing at an all-time high. a full market rundown is straight ahead. >>> the trump administration may be getting a new communications director today someone very familiar to our viewers. we'll get a live report from washington and if you ask the internet to help you name something, be prepared to live with the consequences that's how a swedish train just got a ridiculous name. it's friday, july 21, 2017 visa is a dow component and "squawk" begins now. ♪ >>> live from new york where business never sleeps, this is "squawk box. >>> good morning welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen andrew is off today. our guest host is jason trener, chief investment strategist from strageis you slipped right in here. we like to keep people holding on until the end how are you doing? >> doing great how is the summer? >> pretty good friday in the su

here's the trade in microsoft, trading around 73.hink you want to look to a call calendar if you want to position the longer dated call sell the july 21st next week expiration strike call at 65 cents and buy one of the september 75 strike calls for $1.30. that would cost you about 60, 65 cents. but the idea is, you want the stock to go up to that 75 strike over the next week or so you want it to close below there. the julys that you sold will expire worthless and then you own this september 75 strike call for 65 cents. and the idea here, you're playing for a slight move upward, a consolidation, and then you own this cheap premium -- >> it looks entirely consistent with what i was just saying. when the vix, which is a measure of the volatility of the broad market, it's moderately bullish for the market in microsoft's case, they're above average. he's selling that slightly above average premium shorter dated option i like that you're catching september. many people think of october, it's a period of volatility. but there is a lot of hi

microsoft will hold up better. it has characteristics that will guarantee that if you can say that word at any point in this bi business there are old time tech names that have had bad patterns and bad outcomes this is a good pattern and i think the outcome will be good. >> i want to make one point about the trade strategy we're not a fan of buying elongated options. this strategy is specifically looking to take advantage of some of the dynamics that mike talked about it's not playing for a massive breakout it's playing for short-term gains to the tune of 1.5, maybe $2, that sort of thing you're financing the ownership, longer dated ones. names have actsed well where they've run into an event. to me, i think you have a better chance being aggressive on the bullish side. >>> let's switch gears here, ennerge zbi stocks down 13% just as the chart mast jer predicted several times on this program and on ""fast money."" >>> energy has been straight down it's the trap that keeps on trapping and people are doing it again,

microsoft is selling a lot more and use of the cloud and microsoft data centers where they run things and that is a different kind of him in motion. some are much more technical and require that expertise. some are text specific a for a health care customer and a feeling right now is they need a different sort of salesforce and that means some jobs are going the way. it is possible there will be new jobs created but we do not have new this -- good visibility into that. vonnie: are we looking at the end of the salesforce in general? especially if it works for microsoft, it seems like something that could be a prototype. >> this has been in discussion for a while. you have companies that you do not have any of the traditional salesforce and for companies like microsoft, like amazon, which sell to really large customers, they need the handholding to set up whether a cloud solution or something at the company's site, they are going to spend seven or eight figures or complicated that of software and services, they generally want a salesperson they can talk to. i do not think that is entire

microsoft believes we are creating ai ai.plify human ingenuity, not to compete with it. so as such the human is the hero. i wa nt to so as such the human is the hero. i want to end our you with superpowers. microsoft isjust one of the tech giants battling to profit from advances in artificial intelligence which are giving computers skills once restricted to humans. so they are learning to see. 0ne humans. so they are learning to see. one example, driverless cars can see exactly where they are going. and learning to hear what we say and to respond to it. so amazon's alexa or apple's sirree can respond when we ask them to give us the news or maybe recommend a restaurant. they are even making judgements. for insta nce are even making judgements. for instance on whether a scan shows a malignant or other nine july. instance on whether a scan shows a malignant or other ninejuly. in this battle over this crucial ai technology, google and facebook are each spending vast sums on research, but china refuses to be left behind, investing

how much will netflix move next week plus, microsoft just hit an all-time high. but if you missed the move, we'll show you how to buy the stock for less than a buck no, we are not dan nathan will break it down. and he correctly called the decline in oil >> i just don't want it. the action begins right now. >> we saw some explosive moves out of these names nvidia searching 12% just this week facebook up nearly 6% and hitting an all time high today microsoft hit a new high today that stock up 5% this week apple has been on a tear, so should you buy these names as we head into earnings season? >> i think it makes sense to be careful. microsoft is up 5% on the week up about 7% over the last couple of weeks here. it's at a new all time high. today. so, as we think b about what we're anticipating, a good quarter and good guidance and it makes sense to think b about e bank stock's reaction today where there was news about what their quarters lookeded like each one had a little piece of news that surprised investors and the stocks were down 2%. they closed decent lichlt

microsoft and visa. we start with microsoft. the legacy tech company saw its quy profit more than double. outside growth in its cloud business and the results come amid a global org international space station. they earned 97 cents a share easily topping estimates. revenue was bert than expected and rose from a year ago, the tok which is at a high extended its gains initially in after hours trading. josh lipton has a look at microsoft's quarter. >> mic $18.9 billion in annual revenue in the cloud business took turn of every core isi, who covers the company, says that is the key number in this report that's up from 15.2 billion in fire quarter. gross margins also expanding over the ceo giant has pivoted between two formid bable player in the fast growing market with a stock at all time highs. returns says investors for committing capital at these levels are signing off on accelerating earnings growth. for "nightly business report", i'm josh lipton. >> here to discuss microsoft's later quarter and what may lie ahead is alex, the m

scarlet: microsoft shares up by better than 2% in extended trading. ♪ scarlet: microsoft adjusted earnings $.98, higher than the most bullish estimate in our survey. revenue also better than expected, $21.7 billion. intelligent cloud, $73.4 billion, higher than anticipated . stocks rising one and a half percent in extended training. julia: let's take a look at those numbers with cory johnson. we were just talking about how themselves are appointing to the strength they see in cloud. revenues up 97%, 98% in constant currency. maintaining that kind of growth here, too. cory: it is a fairly amazing thing, and this is a big rising business, second to only amazon in the world of cloud services. it is amazing the focus they have had on this. it also reflects to a moment like this when we look at it from a market perspective, because the cloud business is growing so fast that there is potential for unpredictability in the results. we see it with the big earnings. we also see it with the fact that revenues missed last quarter, beat this quarter. it tells us more about the analysts than the company

the names and which ones the traders are buying when we go bargain hunting and check out shares of microsoft. jumping to a fresh all time high in the after hours session. we've got full team coverage josh is back at headquarters tracking the call from there but first, the big story of the day. after nine years in prison, the parole board voting today that o.j. simpson will be released in october. just kidding just kidding here's the real big story for us today. it's amazon's world and we're just living in it. the e commerce giant making a deal can sea rrrs to sell alexa appliances in a blink of an eye, the deal wiping out $12 billion in market cap. home depot, whirlpool, best buy all sinking about 4%, while lowe's was down about 6% istargets? >> i thought home depot was one. we've had this conversation. i said it's amazon proof until today, i thought they were and quite frankly, when they report, i think they'll prove to be somewhat amazon proof, but obviously, it didn't happen today. one of f the other things we said mastercard and visa, i know steve talked about this, but these are two nam

microsoft weys of used to have multiple accounting systems. we could not get people to agree on how many copies of microsoft word we had sold. being consistent and understandable helps bring people to common ground. the guy that has to take care of and preserving finances, they may never have changed their beliefs, but they can reach more reasonable compromises than they would have otherwise. you will be somewhat exciting to know -- excited to know that local and state data is trusted more than federal data. i don't know if you are proud of 53%, but it is better than 44%. for the elected officials in the room, 78% of americans believe that if politicians were relying on government data, it would improve their trust in elected officials. it is important that the date of the government data. i'll think how any organization thinks they can operate using other people's information. governor ducey and i were talking about this backstage. he used to be state treasurer in arizona. i asked, do you have a computer where you can pull up these kinds of s

a major reshuffling going on at microsoft. the tech giant confirmed it is cutting thousands of jobs. the number of jobs ranges from 3000-5 thousand and most of those jobs in sales and outside the u.s. that is out of the companies 000 person workforce are the move is part of the company's reorganization to better focus on cap -- selling close suffer. allokesperson told us "like companies, we evaluate our business on a regular basis. this can result in increased investment in some places and from time to time redeployment in others joining us now to discuss is cory johnson in san francisco. i'mlondon, frederick who pleased to stay is staying with me the entire hour. cory, bring us up to speed. there is a focus going on in terms of the cloud and a.i., and the memo that bloomberg saw on monday seems to say that this is because of a huge $4.5 trillion market opportunity. cory: it is about a big shift at microsoft. the world go from a client server network two things happening on the cloud to a different way to sell software. pc's a

what i found when i was at microsoft was quite remarkable. i spent a lot of time getting data consistent for decision-making. we get in meetings and people would say, we cannot do this to our customers. somebody else would say we must, we have to invest in this. somebody would say, no, we cannot afford it. what a guy was recommended an investment of 22 million dollars and another an investment of $25 million. the amount the shouting before people stood and looked at the same facts in the old, old days of microsoft, we use multiple accounting systems and we cannot get people to agree on how much microsoft word we sold. getting things understandable helps bring people to common ground. the guy who had to take care of the customer and the woman who had more interest in a preserving finances, they may never have changed their believes but today korea more reasonable -- but they could reach more reasonable outcomes. you will be excited to know while the numbers are small, local and state data is more trusted than federal. i do not know if you are

i love the policies from microsoft. historically microsoft has been competition.been in conservative. because the way they build for windows. microsoft has collected lot of for windows.t slowlyze revenues overtime. it allowed them to have -- provide for wall street predictability. i don't know if that's a good thing or bad thing. it means that the result for microsoft intended to be without surprises. business move to be more cloud centric. growth is depen dependent on te cloud. the growth itself makes it less standpoint. -- constant. washington much impacting microsoft yen? not just talking about tax laws like that but things neutrality. >> microsoft of all the technologies, most data about the issues of protection. we haven't seen a dramatic change yet from the trump terms of theirin ofroach towards issues cybersecurity. customer security and the notion possibility of terrorism and n.s.a.in the tesla up .3 ofof percent. tweeting has been today. the boring company. he's got verbal approval from the government. there's a hyper loop. connecting new york city with w

government received a washington on microsoft. microsoft refuse today comply on the grounds that the data thatcr was sought by u.s. government was in server in ireland. the u.s. warrants authority only has territorial reach and could not reach data that was outside of the united states. the government's position was actually microsoft ireland can access the data from washington. there's nothing extra territorial about this. it's been received on a u.s. company that can view everything the u.s. is government is wanting it to do from the uniteo states. .. thought that it was microsoft and said at least according to the circuit, the only reach the data that is physically located within the united states. somehas been described by as a privacy victory. that for disagree with a moment. for the whole conversation about the robustness of the u.s. war authority, in this case the u.s. government accessed the data based on probable cause which is standardally higher than other places around the world. if the net consequence is the u.s. woul

microsoft is doing everything. a johnson & johnson, now up 20 points, even though it's not necessarily on fire, these are the stocks that have been percolating up. >> we've got the calendar up now. >> travelers last time, so-called disappointment went up another 15 points. united health. steph, i look at you and say, does it not have 200 written all over it? >> absolutely. >> are those the names, jim, that you'll specifically be honing in on >> yes some of those are individual stories. some hold a bigger key. >> i think the dow, as much as it might be out of this, is still a classic gauge of the big international stocks and i think it's the rest of the world that is doing really well i think people are way too focused on gridlock here jamie diamond said the rest of the world are ahead of us. >> pete, the name or two that you're going to be focused on that you think could really hold a significant key to where this market goes? >> microsoft i can't wait to hear from visa goldman sachs, morgan stanley, some of those

microsoft is getting rid of microsoft paint, which i tried to use in the 90s.at one person. nerd alert i guess. reporter: if you use this in the 80s and 90s, you are probably familiar with microsoft paint. sadly, microsoft will likely be getting rid of it after 32 years. several features and functionalities will be dropped or could be removed in future releases and paint sadly microsoft does offer a 3-d in its most recent update. microsoft said their resellers could change in the future, but other programs that may go away. outlook express, the reader have been reading list. >> the last two i didn't years. outlook express. speaking of paint. art work from the president is about to set some pretty big bucks. >> you could be the owner. president trump of the new york city skyline is going to far option of $9000 which features trump tower in the center there. it will be auctioned off. a charity event among a number of celebrities including john mccain, charlie theron to drop artwork for a campaign. >> i think it will go for more than $9000. cheryl: adding to the p

belongta doesn't microsoft or google. this data belongs to the people who are having the considerations. these people expectation of privacy, what tos do they think are going govern when a foreign government decides they want certain kinds information. it's a tech companies at the of that. they're the ones who have data overr here and customer here and government over here. data. for that they trying to figure out which law applies when they should comply. what the due process really is that backs up the government received and receive mlap process. looking fore another right protective way to mlap process.that we're not talking about mlap completely. these proposal will apply to andain kind of crimes circumstances. they will only be available to government who are right protective. this seems like a good solution situations where governments get a legitimate need to important information quickly. >> great. thank you. inike to -- that's helpful term of giving the perspective of why this issue is so important to the techno

microsoft has had a revenue jump amazon.as had a revenue jump in the three months tojune. it saw shares rise in after hours trade. however, they are laying off thousands of workers from the global sales tea m thousands of workers from the global sales team in a bid to boost its cloud division. the microsoft ceo has confronted one of the biggest challenges of the sector, taking a company that was dominant in one market and retooling it for new markets. its original moneyspinner is steadily losing value. in microsoft's case, windows softwa re value. in microsoft's case, windows software was at the heart of the original computer revolution. but thatis original computer revolution. but that is not today's revolution. now, the growth is in places like social media and cloud computing. so, more of the compa ny‘s media and cloud computing. so, more of the company's efforts are going into cloud computing. thursday's earnings show that effort is paying off. the company reported a better than expected revenue of $211] billion for the

microsoft believes we are creating ai microsoft believes we are creating alto microsoft believes we are you with superpowers. microsoft isjust one of the tech giants battling to profit from advances in artificial intelligence which are giving computers skills once restricted to humans. they are learning to see, one example, driverless cars can see exactly where they are going. they are learning to hear what we say to respond to it. amazon's alexa can respond to it. amazon's alexa can respond when we asked them to give us respond when we asked them to give us the news or recommend a restau ra nt. us the news or recommend a restaurant. they are even making judgments. for instance, on whether a scan shows a malignant tumour. in this battle over this crucial technology, google and facebook are spending vast sums on research, but china refuses to be left behind. investing heavily to build robots who will take over from humans investing heavily to build robots who will take overfrom humans in the vast factories. it looks like ai will transform the economy as it transformed industries, potenti

what i found when i was at microsoft was quite remarkable. i spent a lot of time getting data consistent for decision-making. we get in meetings and people would say, we cannot do this to our customers. somebody else would say we must, we have to invest in this. somebody would say, no, we cannot afford it. what a guy was recommended an investment of 22 million dollars and another an investment of $25 million. the amount the shouting before people stood and looked at the same facts in the old, old days of microsoft, we use multiple accounting systems and we cannot get people to agree on how much microsoft word we sold. getting things understandable helps bring people to common ground. the guy who had to take care of the customer and the woman who had more interest in a preserving finances, they may never have changed their believes but today korea more reasonable -- but they could reach more reasonable outcomes. you will be excited to know while the numbers are small, local and state data is more trusted than federal. i do not know if you are

we don't have to use microsoft products to increase our potential.microsoft iconic corporate monopoly works and critiques the world of technology has not just representing us but functionally determining who we might become. representation then placed second fiddle as microsoft can rewrite the codes of race, class, gender, sexuality, rewriting these codes transposes the meeting on the microsoft terms. we become the author of who we are. asymmetry defines this type of emergent power elite. power is data capital classifies us. in those costly classifications carry immense weight to determine who possesses the right as a citizen and what race and gender me and who even your friends are. essential argument of this book is that the world is no longer expressed in terms you can understand. his world has become data, algorithmically interpreted and configured so it can never say i am john with full comprehension of what that means. the concrete subjective agent, john can exist. however, john can be controlled. this paradox fits with the same double slogan t

we mentioned the microsoft-ireland case. as you are thinking of questions, could you take a minute and distinguish the issue at play and the legislative proposal and how that is different and what is known as the microsoft-ireland case which the department of justice recently said is appealing to the u.s. supreme court? >> sure. the two-second summary, it is a case decided a year ago by the second circuit. the issue is the u.s. government served a warrant on microsoft. microsoft refused to comply on the grounds that the data from the u.s. government was located on a server in maryland. had said it only territorial reach and could not reach data outside the united states. the government's position was that they can access it all the time, there is nothing extraterritorial about it. exercise territorial because it is being served on the authority but it can do everything the u.s. government would like it to do from the united states. the second circuit reversed it, they thought that it was microsoft and said at least according

>> i don't know, first of all, i don't own microsoft, but one thing i can tell you microsoft is impressingt they're doing lately. they're pivot to cloud computing, they spent a lot of money on infrastructure to get into cloud. they're now the number two and they are doubling their revenue and profit. i mean, things are really moving forward for microsoft. so this opinion that microsoft is an old, stodgy company, is inwarranted. stuart: so i should hold it? >> i would hold it. stuart: scott shellady, what's your opinion? >> here is my opinion. this is an age-old problem, stuart that everybody has every day. if we could rely on us to be, you know, rational. it wouldn't ab problem. let's say you do sell that stock and microsoft goes up, and you'll be disappointed. let's say it goes down. you own it anyway, you don't get back in the market and the market takes off again and you're left on the sidelines. that happens all the time when humans get involved their emotions take over and they never really get back in. stuart: free advice from london is stay where you are. >> relax. stuart: i will, i

microsoft engineer who is blind is showing me a new app called seeing ai.g text, it can tell him about the people in front of him. as sometimes he gets it wrong. 50—year—old man looking happy. i am getting younger. this is an application close to my heart, but the general ai we show is applicable in so many different ways. from round the world microsoft scientists came to london to show off their project. like this live translation system for presentations. or software which can search through hours of closed circuit tv as well asa hours of closed circuit tv as well as a leader in technology, the firm has come up with ethical principles for al microsoft believes we are create ai for al microsoft believes we are create al to amplify human ingenuity. i want to endow you with super powers. microsoft is one of a tech giants battling to profit from advanced in artificial intelligence which give continues skills once restricted to humans, so they are learning to see s driverless cars can see exactly where they go for example. they are learning to hear what we say

worldwide 121,000 employees for microsoft in the u.s.e 71,000 so 3,000 always a big number but did you say it was bigger than expected >> i wouldn't say so there were lots of thousands numbers floating around. when you're saying "up to 3,000" of a sales force that size, less than double digits not intended as a cost saving move, i think that reframes it a bit, sara. >>> we want to talk cars now, the new bugatti sharon is the most expensive car on the planet robert frank joins us from the driver's seat. i know joe kernan mispronounced it, i'm sure i did, too. take it away. >> you did it perfectly, sara. it's the bugatti sharon, the most expensive car in the world at more than $3 million, that's the starting price, you add options it gets up to $3.5 million. the top speed of this car is a secret it's well over 260 miles an hour the engine behind me is a 16 sill car quad turbo. if you did this car flat out it would drain the gas tank in nine minutes. they'll only make 500 of these cars, they just started delivering them in march they don't

it's microsoft's research facility.ne the future of the company and perhaps, if they are right, all of our futures. do you need help finding something? we are betting the company on advances in al. we think this is the future. i've been given exclusive access to meet the people and see the projects that microsoft believe will shape the future. it reached the point now where people can have, you know, very natural conversations with software and software can understand what they are saying. are you here looking for eric? i am looking for eric, yes. eric is not here at the moment. i look at how they were actually walking... eric horvitz is head of microsoft's ai programme. even the lifts here run on this new technology. so much of our civilisation, what we think is special about humans, is based on our intellects, on our ability to see and understand reason, converse and collaborate and for the first time in history, we are getting close to building machines that have some of that intellect. we went from a place where it

research and more than 250 interviews with the when people start using the internet for consumer use, microsoftdows 95 came out so before that the internet was primarily -- now it is used by regular people for business and commerce etc.. i saw the rise and fall of the.com industry the stock shot up within six months it was down to two. so we were all rich and poor but it was fun. i made some lasting friendships during that time. in 2013, he was a.com survivor and said i've been working in the valley for over 15 years and she's the head of sales and software company and my manager told me even though they hate the number he said to me i've been told by some people in the group and company you are abrasive. would you mind toning it down a bit and by the way your lipstick is to provide and you wear too much jewelry. she was horrified and didn't stay in the company very long but said it's unbelievable what the women are facing today. there is such unconscious bias and you need to write about it. i said i want to interview a couple more people to see what is going on so i went to other women i want

computer science class at the university of michigan and went on to become the head engineer at microsoftaring leopard and owning it if was midnight in downtown seattle she was hosting a 48 hour session to try to make the first half for the augmented reality device that enables the holograms to leak from computer screens into real life where it can be manipulated. at 36-years-old a hardware geek and a fashion designer in the outreach program confirming the status of the rising star in microsoft it is hard to believe she failed her first computer science class. the story of resilience is what she tells often inspiring young women to charge ahead in a long time developer for the windows operating system she likes to think of it as the invisible fairy godmother that makes things happen and was overseeing microsoft windows programs with millions of users getting feedback about the update. my biggest success microsoft is the legendary software company being a principal level is a huge achievement. when i was growing up in detroit if someone told me you are going to be making a really good sala

. >> also speaking to the nation's governors was steve ballmer, former microsoft ceo.he talked about his new data project which provides -- this is 25 minutes. governor, i am thrilled and excited to introduce and hear from our next speaker. steve ballmer is best known for his incredibly successful career as at the leader of microsoft serving for 14 years as the company's chief executive officer. was steve started at microsoft, they had just 30 employees and a few hundred thousand dollars in profit. when he left theom

this weekend i got microsoft president brad smith who, of course, led microsoft's anti-trust defense generation ago and he says something interesting in our interview he said i think one of the lessons is if you change the world, you're going to change the law. you're going to have to live with the law that emerges. i'm talking to him about lessons for amazon, google, facebook, the rest from what happened a generation ago i mean this could be a real issue because amazon has changed the world. is this something we should be more concerned about >> it's got to be on amazon's radar. i think over the next five years they have 18% online share today. it's not the 50% as we're talking about. but i think the law makers are going to get progressively more scrutiny on these big companies. consumers and importantly they're winning. they're getting better prices and more convenience and so the quick take away is, yes, i think the companies should be aware that there's going to be more legislative headache around them but at the end of the day, i think the technology companies win. they won't pr

the original story will for microsoft coming out to keep going.a common theme among all these people whether they were entrepreneurs act of his educators technologists. all of them seem to have that quality that they could live with themselves if they made a mistake or they stumble. they believed in themselves and they believed what they were trying to do. it's certainly a big take away for me. i think it's a universal take away. >> something else i learned a program that teaches girls to program computer code to she said i love it. if we raise our voice to be brave and fearless and we raise our girls to be perfect and compliant and well-liked. but she said that's bull. theater teacher girls to be fearless, to be bold to get your hands dirty to try and fail, learn to raise your hand. the girls had to be so prepared to raise their hand with the perfect answer. i think it's something to think about what is the message we are giving our gross about trying and failing and making mistakes is part of the process learning from our mistakes and moving for

buying opportunity buying opportunity, amazon and microsoft.zon prime day and get the point, the space needle and jay inslee is the 23rd governor of the safety washington in his second term. governor, we don't often get the winning governor to come here for the big event. you not only did that, you biked here from olimpia which is 70 miles away >> listen, i would never miss a chance to come to paradies and paradise washington is one of the most beautiful places. one of the most luxuriant alpine medals in the world. this is the best thick in our state that's happened in our state since we won the super bowl when i look at the business activity going on in our state, it rivals the prodigious heights of this mountain behind us so thanks for this honor. it really is man honor. >> congratulations for it. i mean, there's a lot going on here and a lot of cross-currents i mean, this happened quickly in terms of our -- in terms of it our ranking. a lot of people say it's amazon. what is going on here and why is this state beyond what you said a great st

microsoft bought linkedin. and i think we'll see more acquisitions from these companies at that scale. we noticed a big acquisition by amazon in process of whole foods. these companies in order to move their needles have to think big as well. they are also investing in small come any. google was one of the most of prolific investors in small come any making small bets on a distant future. microsoft last year created an investment arm. apple does not have an investment arm. amazon has an alexa fund where they are investing in internet companies to complement their amazon ecos. so that money is going multiple places by all of those companies. maria: we talk about these top technology companies a lot because they just won't quit wet were it's am or amazon or google parent alphabet. they have listen so much. do you think they will continue rising? are you worried about valuations within the public market? ann winblad: the valuations are high. but when you look at the potential of these companies, most of of these c

microsoft is a legendary software company and being a principle is a huge achievement. when i was growing up in detroit, if somebody told me you're going to make a really, really good salary working at microsoft as a senior person i would have history hysterically laughed. she didn't know anybody like she would become. her parents were immigrants and worked in the tight industry in detroit, ran a small dress/dr. -- her grandmother ran a small dress shop 50 years. the computer lab another her high school consisted of ancient pcs and a clique of boys who laughed her out of the room when she talked to them about joining the computer club. her father, who read "the wall street "wall street journal" encouraged don no to follow computer. he didn't think it was entrenched as legacy tracts as banking and law, and she might have a better shot at life if sher per sued it. he scraped together at the money to sign her up for a coding class when she was in high school but not enough to prepare for their computer science 100 this intro programming class at the university of michigan

amazon never earned a fraction of microsoft. microsoft is a company wall street loved because it dealt a monopolies and fast-growing areas like pcs and office software and made a fortune. once that stock came down as you alluded to after the 2000 boom, this was a company that people wrote off. $10 a share, over $1,000 now. it was you're never going to make money, e-commerce, low margin. but the growth is outstanding. microsoft has taken off the last few years after going nowhere for many years. so it's an amazing story. now everyone has piled on and no one doubts him, again, it's no microsoft earnings machine. >> neil: when i was looking at it, a lot of people said whether he makes it today, it's just a matter of time because the growth and trajectory of amazon is much more than microsoft, which is a more traditional software company. i know getting into other facets, i don't mean to dismiss it. the growth prospects are staggering. but with that comes the scrutiny of government. what do you make of that? >> it is. the stock mark

meanwhile, i'm kicking myself, i told people microsoft and visa, microsoft and visa, buy, buy, buy, here they go. did people buy them? i don't know how about richie in new york >> caller: jim, thanks for having me. my question about -- [ inaudible ] -- >> toronto dominion bank >> caller: yes. >> i like it very much conservative did a lot of good. i also like the canadian dollar, by the way i think there's two ways to win here frank in my home state of new jersey, frank? >> caller: boo-yah, jim! >> what's up >> caller: i'm 54. my largest individual stock holding is travelers reported today there's a new ceo, and i would love to see him as a guest on your show. is this a good company for the long term? >> i like the new ceo. the pattern with travelers, they report, people don't like it, they see headlines, they don't like, companies start coming in and buying stocks. next thing you know, bingo travelers is right back. hold on to travelers it's a darn good company i'll attempt to get the ceo on he's a good guy. stocks are only guilty by association, but have no fear, calmer heads will ultim

direction, so here's the trade in microsoft today around 73. called calendar. if you want a position to own longer date td calls, so today, you could see the july 21st next week expiration strike call at 65 cents and buy one of the september 75 strike calls for 1.30 that position would cost you about 60, 65 cents >> well, microsoft hit a new high in the after hours last night but closed lower today so, dan, that call expire. what do you want to do >> so this is exactly what i wanted to happen i did not think the stock was going to go off to the races here, but if you were bullishly positioned or inclined to be bullish, the idea of playing for consolidation made sense to me so those july 1ist, they expire worthless. now, you own the september 75 call, which is out of the money, but you actually made money here because the short call financed the difference of what you lost in september so this is how i want to use call calendars even in the lowball environment because you're taking advantage of some of that premium that's there. >> i like these

you're stopped at 143.80 >> all right up next, microsoft hitting an all time high after its earningseport last night. that's great news for dan. we'll explain. plus, you know what time it is get those phones out send us some tweets. if ty'here nice, we'll answer them later in the though show much more still ahead. i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td ameritrade. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save

microsoft is announcing it will not be saying good-bye to microsoft paint. the iconic painting project lands of the in 1985, microsoft revealed the paint app on list of software it might remove. but tech company is clarifying now microsoft paint in a tweet , it said it is here to stay. and it says paint will now be available in the windows store for free. jim, rahel, microsoft says it is learning that the program does have a lot of fans. >> it does, a class glike yes, classic, but what do you actually use it for? i've never mastered the paint program. >> there are some people don't like change, like me. >> i know, but what do you use it for? >> i used it i think when it came out really early on, real hard to use, but apparent parentally use the touch screen, i haven't used recently, though. >> your inner artist? it may change things for me, roxanna, thank you. you. >> bet. >> we now like to congratulate the plymouth little league ten and under girls sort ball team >> the team brought home the pennsylvania district 22 championship banner. >> (cheers). >> fami

look at microsoft.you thought the stock was going consolidate, you could sell that call against your long stock, so say you're long 100. you'd sell one of those 140s, take in and then you'd have a scenario where you would still profit you're just stopped at $143.80, so that would be an overright. >>> all right. up next, microsoft hitting an all-time high after its earnings report last night. that's great news for dan. we'll explain. plus, you know what time it is get those phones out send us some tweets. if they're nice, we'll answer them later in the show much more still ahead. i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data

they will be able to store their data in microsoft's azure cloud.ow for future integration with box's cloud content management platform. i spoke with aaron levie about what kind of customer demand he is expecting from the new deal. aaron: if you look at our customer rates, about 74,000. globally, 64% of the fortune 500, microsoft with their cloud services in about 90% of the fortune 500 or more. there is already a lot of significant overlap between our customer base and their customer base in the cloud. we are hearing from more customers they want to be able to leverage some of the more advanced capabilities that azure is building and have things like their data stored in more locations around the world. that is there technology that lets customers do that. emily: you may consider using microsoft a.i. services. how will that work? aaron: if you think about all the content and information we have in box, there are billions of files. in every one of those files, there is different insights and different knowledge and information. the only way to extra

emily: you may consider using microsoft ai services. you think about all the content and information we have in box, there is billions of files. and everyone are different insights and different knowledge and information. the only way to extract that knowledge or information is by using some amount of advanced technology, whether that is artificial intelligence or machine learning capabilities. things like being able to upload a video of this conversation and make a fully searchable and the able to have tags a different content discussed, upload audio and make that can fully searchable, able to summarize documents, be able to translate documents and text. all those kind of capabilities are becoming more readily available via microsoft and others. we want to make sure those are plugged into box so our customers can of the most intelligent way to organize the content. emily: there is a lot of activity happening in crypto currencies. crypto currency believers believe the block chain a one-day make cloud providers observation -- obsolete an