the microsoft case is an important part of that story. it is fitting that we have gathered here today to discuss it, but i should make one thing very clear, and right from the start. while the microsoft antitrust controversy in retrospect offers several important lessons, it was no panacea. on the one hand, we must avoid treating it as a sort of permission slip to ramp up enforcement of entities or markets that bear superficial similarity to the microsoft story. on the other hand, while markets change rapidly and technology evolves at a dizzying pace these days, the most basic laws of economics persist. the world we occupy today is in many ways different from the world in which microsoft fell under such scrutiny, but what experience taught us then remains relevant. so, what are some of the important lessons we can learn from the microsoft experience? first, that the technology sector is an integral part of our economy. it is bound to become all the more important as we race further into the 21st century. these days, our digital ecosystem

the microsoft matter. so, the first thing we achieve, i think, is that we got a big, public trial. the trial exposed anticompetitive conduct and deterred additional anticompetitive conduct, as i'll explain in a second. but basically, the trial enabled journalists, like many of you. and through you, regular people, to understand what was going on in the technology industry. i want to, for those of you who are washington types, i want to explain that what you saw in the zuckerberg hearings was not a trial. that's not what i mean. in a trial, a seasoned government trial attorney cross examines the ceo after having deposed the ceo, after having looked at all of the confidential documents that the ceo was required to turn over to the government after having consulted industry experts and economists. and you know what, the cross examiner asks some very hard questions. that's a trial. we haven't had one of those in modern times, in contemporary times, but we think that if we achieve nothing else in the microsoft

will argue satynadella, microsoft ceo, great to have you.hanks for being with us. >> great to be here with you, jon. thank you for having me. >> so this is a big deal, particularly microsoft's traditional approach to developers tell me, you don't buy github to make a lot of money. so, lay out if, you will, the strategic benefit of github for microsoft. how closely do you have to tie it in to things like azure and where do you keep it at arm's length to maintain that open source, neutral rapport with the developer community? >> yeah. the first thing, jon, is when you think about what's happening in the broader world, every business is a software business, a digital business, whether it's precision medicine, precision agriculture, personalized business or personalized banking it's being built by developers there's data from linkedin that says it's growing greater than software engineer in tech. that speaks to the world that's going to be there going forward, from a secular basis, developers are going to be required everywhere it's kind of like

look at microsoft. look at i would say the eu ice android case, so there i think you're safe with going back to the microsoft reasoning and using it, saying this is really entry for, you know, upending the platform, or that the -- that the lock-in switching cost, the economic power of the platform, yeah. >> well, i wish we could have a little bit more time, but really appreciate your time, and we'll take a five-minute break before we get the next panel up here. thank you very much. [ applause ] >>> it's an honor to have senator richard blumenthal closing out today's conference. he's serving his second term as a united states senator from the state of connecticut. prior to this position he served an unprecedented five terms as connecticut's attorney general fighting people against large and powerful special ies

without it there is no microsoft and no microsoft products.o to me, making sure that we live live up to the high standards and expectations of our customers as well as the regulations that are already in place. take gdpr. in fact, we are taking the core tenants of gdpr and making it true for consumers and customers all over the world with our services. that's the approach we are going to take going forward. emily: you made big buys, including linkedin. i was speaking with your chairman sayinge was more supportive of big buys that are as successful as linkedin. will we see you make more buys like this? netflix, there's perennial explanation of microsoft's interest there given it's the only big tech giant without a huge foot hold in the streaming space. satya: our first focus is organic growth and investments. we are bigpenders inrd and that is the core. we are always going to look for secular growth markets whether it's mindcraft or linkedin or now github. we look for things where we can grow and going forward will be expansive. we need to be a

the lawsuit against microsoft actually was not popular. as some of you may recall, microsoft and windows were an immensely attractive and popular product. bill gates was and is a visionary and a genius and immensely successful business person so talk about taking on 800-pound gorillas, this was it, and it was not like big tobacco. cigarettes kill people, and windows and microsoft, even the explorer browser, were regarded as wonderful improvements for quality of life, and, in fact, they were. they opened new vistas. they expanded horizons. they did enormous good, and they made microsoft a monopolistic all-powerful manufacturer. well, they also enabled microsoft to impose monopolistic constraints, in legal terms tying arrangements as you know. you've heard about it, i'm sure, over the afternoon, the tying of the browser to windows. 90% of all computers had windows, and, therefore, requiring manufacturers to install browsers meant they foreclosed other competing products. it was a pretty simple theory of antitrust that was involved here. in s

what was the value add for microsoft?that got plenty of blockchain expertise in the company. paul: they do. microsoft has been an incredible technical partner. not only do we have deep process knowledge around it, but we have been partners with microsoft in the technology development. been puttings have together process around art contracts, scaling up their blockchain. this will be the biggest blockchain industrial blockchain in the world. when it is fully deployed out, our engineers worked alongside microsoft engineers. caroline: talk about the scaling challenge. it is what has and holding back any who have frustrated with why it can't be used for the payment solution. why have you been able to scale to get so many transactions when it is an industrial solution? paul: there are some advantages when working with the microsoft environment. we chose a program called quorum. it allows us to scale. we made some choices in the design architecture that will allow us to speed up the process. the most important thing is if you l

so microsoft ceo and microsoft's president brad smith both responded. i'm going to read you part of the response -- many from git hub, liz, are dissatisfied with the statement. they say microsoft supplying i.c.e. with cloud services to include deep learning capabilities and accelerate facial recognition and identification since the beginning of the year. our sources say the git hub coders are most concerned that ceo or the president did not specifically address facial recognition capabilities, and they tell me this is the most ethically concerning piece of the puzzle to them. liz, it's worth noting if microsoft were to drop contacts with the government, amazon, google are the two other big companies that have this same kind of cloud power, big data power, but since president trump did sign the executive order reversing the i.c.e. policy of separating children from families, the pressure may be off in the meantime. but this story is not going away. a lot of members of the tech community have strong political views. there are going to be more crossroads t

without it there is no microsoft and no microsoft products. me, making sure that we live up to the high standards and expectations of our customers as well as the regulations that are already in place. take gdpr. in fact, we are taking the core tenants of gdpr and making it true for consumers and customers all over the world with our services. that's the approach we are going to take going forward. emily: you made big buys, including linkedin. i was speaking with your chairman, who said he was more supportive of big buys that are as successful as linkedin. should we be looking for you to make more big acquisitions like this? netflix, there's perennial speculation about microsoft's interest there given it's the only big tech giant without a huge foot hold in the streaming space. satya: our first focus is organic growth and investments. we are big spenders in r&d, and that is sort of the core. we are always going to look for secular growth markets whether it's mindcraft or linkedin or now github. we look for things where we can grow and going fo

without it there is no microsoft or microsoft products. up to making sure we live the high standards and expectations of our customers as well as regulations already in place. we are taking some of the core tenets of gdp are in making that and making that true for all consumers across the world. that is the approach we will take going forward. emily: you've made some big buys including linkedin. i recently spoke with your chairman who said he is should we be looking at you to make more acquisitions like this? there is perennial expectations of microsoft and netflix. satya: for us, the real focus is on his -- is on our organic growth and organic investments. we are always going to look for secular growth markets, whether it is minecraft or linkedin or github. we look for things were we can grow going forward. we need to be able to contribute something unique and that is something important to me. i do not want to get into businesses were microsoft cannot contribute and execute super well, and we need to be able to operate them with linkedin

that was the biggest driver for microsoft.le to take out two thirds of their cost of managing. and, we are able to drop the time required to process and sections and tell partners how much they have coming. we dropped it like 99%. timeiggest cycle compression we have had in my career. carolina: where else are you looking than? what other industries? if this number that ey is already looking at? what about other technical partnerships than microsoft? paul: we have a foundational principle at ey that we believe blockchain's will do for ecosystems of companies what erp did for the single enterprise. anywhere that you have complex business logic and shared network control that need to be diplomatic, it is a good solution. the early ones we are working on our things like supply-chain management, logistics partners, manufacturing, any kind of intellectual property. ultimately the goal is to have an integrated system where we could take license token from a microsoft solution and drop it into a an effect for building materials for a

microsoft agrees to buy github. we'll sit down with microsoft's chief executive. stocks in u.s.ope advancing today. investors put concerns over trade on the back burner for now. look at what is happening to european equities. stocks are rising today, strutting off concerns about

what is the value added for microsoft?they have got plenty of blockchain expertise in the company. paul: they do, and microsoft has been an incredible technical partner. what has been amazing is not only do we have deep process knowledge around it, but we have been equal partners of microsoft in the technology development. so ey developers have been putting together the process around smart contracts, scaling up this blockchain. this will be the biggest, from a transactional perspective, this will be fully deployed the biggest blockchain in the world. when fully deployed, it will be 2 million transactions a day. so our engineers worked alongside microsoft engineers to make sure we could build a solution that would actually scale even larger than ethereum and bitcoin combined. caroline: talk to us about the scaling challenge, because it is what has been holding back and frustrated ethereum and bitcoin with why it can't be used for a payment solution. why have you been able to scale to get so many transactions when it is an

it is now a reality thanks to microsoft.oyed an underwater data center off the coast of scotland. it features 12 racks of 864 servers, housed in a large tank and lowered 170 feet -- 117 feet to the seafloor. microsoft claims with more than 50 should -- 50% of people worldwide living 20 miles off coastlines, this could mean faster web load times and be friendlier to the environment. here to tell us more, ben cutler. what are the advantages of a data center under water versus on land? ben: emily, we see three potential advantages here, one of which is greater sustainability, faster deployment of new data centers to serve our customers, and the ability to be more responsive to customers by being closer to them. emily: so, what with the benefits of an underwater data center be for me here off the coast of san francisco? ben: as you said, if you look at the world, more than half the population is close to the coast. as we look toward the future and we have more interactive applications, the ability to get quicker response back an

i know there's a lot of love for microsoft on this desk >> we love microsoft we have owned it for a long time, but i will tell you in the last month, this is a stock that when i see too large of a position, i take money off it's got everything going right for it you know, the ceo, credit to him, cloud, gaming, everything >> developers now. >> yes and to me, look, if you have your position in here, take some profits. you can still keep it. but i think longer term there's going to be opportunities elsewhere. >> the trend is intact depending on what type of investor you are, if you're somebody who tries to be on the right side of a rising trend and your time horizon is shorter, this is an easy stock to trade the trend is pristine. it really hasn't given you any reason to sell and hasn't yet recently even though it's down from $103 to $101. >> is this one of the greatest turnarounds? >> miraculous. it happens maybe once a decade with a big stock ibm did it once, apple did it last decade. >> adobe did it too. >> they're nowhere near the scale of this. >> i'm talking about an iconic name >> i

microsoft agrees to buy getup for $7.5 billion. we hear from microsoft ceo. first, new yor -- we are halfway into the trading day. stocks are higher, broadly, but there is some negative news. >> there are areas of weakness we have all three major averages higher. they are near the highs of the session. especially as we see the nasdaq and s&p start to catch up more. and paste the advance in the dow jones and industrial average. subgroups that is lower is transportation stocks which is interesting. this is a group that has seen -- has been seen as an economic bellwether. .5% right here to we have weakness in the various types of ground transportation companies. pacific, jb hunt, and landstar system's lower. it does not seem to be -- there does not seem to be specific news other than what the class cow says is a risk off tone to this group in today'session. elsewhere, getting to a group that has been leaning -- leading the moves as of late, technology. apple, for example, as it has that developers conference. you see the shares rise 3.30% over the past two days.

that was the big driver for microsoft.able to take out two thirds of their cost of managing a rights and royalties system. and, we are able to drop the time required to process and -- transactions and tell partners how much they have coming. we dropped it like 99%. this is the biggest cycle time compression we have had in my career. emily: are you looking for a job? one that lets you got down the competition, fight off hordes of alien invaders, be part of a team of top athletes? and one that pays up to $4000 a month with nine digit signing businesses -- bonuses? aofessional gaming is no billion dollar industry coming giving a new wave of teens and twentysomethings a shot at celebrity. just imagine living in this $15 million home. steady salary, supported by a team of staff whose sole purpose is to , get you to play at your best. >> fellas, let's go. >> if you don't perform, you are cut from the team. >>ere we go. round three. round three. no breaks. >> if you think this sounds like the life of a pro athlete, you would be r

microsoft is just such a beast.le comes along and says hey i have this one thing and it is really slick. we are going to give you just right number of options and you're going to be pretty happy. there's a real difference between those two companies. it is hard to imagine apple wanting github. it does not want all the drama and developers. it wants things along apple's lines. they are going to tell you how to program. they're happy that you use it, to store your code, but they have a way they want things to be done. microsoft is like come on, let's all get in here. this is truly their dna. they have always loved developers. back to steve ballmer screaming to developers. as weird as that era was, it was sincere. developers made microsoft into a huge, great company. i think that part of their foundation really matters to them. jason: this could be a galvanizing moment for microsoft? paul: they are putting some money where their mouth is. they're saying we are going to commit to this. if they blow it up, they will blow

that's just like microsoft. seeing that over and over again was what made me start writing about this exclusively two years ago, so i think all the major platforms are doing it, and why we should care i would like to echo some points that senator hatch made which is, you know, anti-trust law is about having a fair shot, and i never thought i would agree so much with senator half. i'm a pretty lefty person myself, but to me it is about having a fair shot, and if you are dependant on a tech platform to reach users and then that tech platform is also going to be competing against you, you don't have a fair shot, right? and i like to say it's like there's the tech platforms are controlling the arena in which the game is played and then they are also playing the game. so i think it's really important that we not allow what i call platform privilege which is prioritizing. the platforms have incentives and ability to prioritize their own products and services in their platforms, and i think if we continue to allow that

jason: you had a line where you said if apple makes yachts, microsoft makes a battle ships. >> microsoftat tools for developers.it is just such a beats st. apple comes along and says hey i have this one thing and it is really slick. you're going to be pretty happy. there's a real difference between those two companies. it is hard to imagine apple wanting github. it once things along apple's blinds. they are going to tell you how to program. they're happy that you use it, but they have a way they want things to be done. microsoft is like come on, let's all get in here. they have always loved developers. developers made microsoft into a huge great company. foundationt of their really matters to them. jason: this could be a galvanizing moment for microsoft? >> they are putting some money where their mouth is. they're saying we are going to commit to this. if they blow it up, there went to blow up with all the developers they deeply care about. there is a lot on the line here. it would be pretty bad if they screw things up. jason: retailers really cracked down on fraud in their stores, but n

you've been talking to microsoft? yes, i have.n, this is the most important time of year because there will be hundreds of games on show this week that haven't been seen before and if you're one of the 70,000 people lucky enough to have a ticket to get in, you'll be playing the games just before pretty much everyone. before the show there's always big press conferences from the makers to show off what's going to be on the show floor, as is traditional, microsoft went first with their xbox conference, they are trying to bring on—board more exclusive titles, things that can only be played on xbox to stop people from buying the playstation four, as you mentioned. i was enough to speak to phil spencer, the head of xbox, about why the xbox was such an important part of microsoft's overall strategy and this is what he had to say. gaming is an incredibly important category for microsoft. 0ur ceo and cfo have talked about that and they've elevated gaming in the company to be a key pillar and we wa nt company to be a key pillar and we want

>> and, finally, back to microsoft.t's all stock interestingly for github $7.5 million worth. >> and people love t. >> yeah. it's is active. >> yeah that happens sometimes microsoft is -- satya, can we discuss it or not? >> apparently he's coming on "mad money." >> no on squawk alley. >> he knows i can't interview him. >> it's all about you. >> it's your world we're just living in it. >> let's get to courtney on the floor. she has more on what is moving this morning. >> good morning to you, david. we have another rally going on this monday morning. a continuation, really, of what we saw on friday we have stocks higher. most of the sectors higher here across the board with energy and materials leading the way. health care and telecom are among the laggered we're looking at sectors overseas, very strong. particularly what we saw in asia with the nikkei higher in spain, remember we're worried about what was going on in the eurozone and with spain that is higher by about 1.5% so why are u.s. stocks really shrugging off fear

, not i'm looking to do something like sell microsoft. i have the good fortune of being long microsoft from the mid-60s. i would stay with this company just maybe you want to hedge against it whether you're using the options market or something like that, but the cycle continues. i think saratd is right. i think the balance sheet is incredible, a tremendous amount of cash, they have grade leadership, and also, i would add when we had the troubling news, as privacy concerns with facebook, microsoft, there's something about this company that management makes the consumer feel secure that privacy is present i think that's incredibly important in this technological environment that we're in, and it's one of the reasons why, okay, if it pulls back a little, i'm willing to stay with it. >> the analyst forecasts for asia is strong, but they're saying more than $100 billion in revenues over the next decade in what the analysts estimate to be a $450 billion market opportunity. they're essentially saying microsoft will have about a quarter of the t

without it there is no microsoft and no microsoft products.ure that we live up to the high standards and expectations of our customers as well as the regulations that are already in place. take gdpr. in fact, we are taking the core tenants of gdpr and making it true for customers all over the world with our services. that's the approach we are going to take going forward. emily: you make big buys including linkdin. i was speaking with your chairman john saying he was more supportive of big buys that are as successful as linkdin. will we see you make more buys like this? netflix, given it's the only big tech giant without a huge foot hold in the streaming face. satya: our first is organic growth and investments. we are big spenders inrd and that is the core. we are always going to look for secular growth markets hether it's mindcraft or linkdin or github. >> and president trump just moments ago tweeting this is the greatest economy in the history of america. next, we'll look at some of the factors boosting and dragging on the labor force. from

that was the ship ranking and now telephone scammers fake microsoft employees are targeting p.c. users worldwide claiming computers are in danger they offer maintenance software as a solution their goal to acquire valuable data from users and their money. can you go to a new tool. and it will and i explained to her in english that he works for microsoft he warned her that it just that moment her computer was being hacked and all her daughter was in danger to stop that because he said she should give him access to her p.c. . again to be sure that he really works for microsoft i looked at the number where did this call come from there was nothing suspicious about it when i said when he said he could provide me with the proof on the computer i was convinced that the call was authentic and you buy a toy that's destroyed. she then downloaded remote maintenance so the call could log into the computer from a file he located various pop up warnings and fake viruses were moved before her eyes but the positive impression didn't last long. and. at that moment the hacker has full access to t

that was the ship ranking and now telephone scammers fake microsoft employees are targeting p.c. users worldwide claiming computers are in danger they offer maintenance software as a solution their goal to acquire valuable data from users and their money. telling it got a ring usually cool. and then explained to her in english that he worked for microsoft he warned her that it just that moment her computer was being hacked and all her daughter was in danger to stop the hackers he said she should give him access to her p.c. . again to be sure that he really works for microsoft i looked at the number where did this call come from there was nothing suspicious about it when i said and thought when he said he could provide me with the proof on the computer i was convinced that the call was authentic. she then downloaded remote maintenance so the caller could log into the computer from a file located various pop up warnings and fake viruses were moved before her eyes but the positive impression didn't last long. and i did at that moment the hacker has full access to the system he can m

being part of microsoft is an advantage for xbox.y: youve to pl the future and out your strategy, especially since the lyft -- lifecycle of the development of the game is so long. when you look at gaming five years from now, what is the same and what is different? >>hink we will see advancements in grapcs. one of the things we talked about is our fast start technology. i think the use of artificial intelligence machine learning will play an increased role. we're so lucky at xbox to be sitting so close to microsoft. emily: is the future cloud-based? >> i think it wi be a pervasive technology. pervasive tech in most games i think. in five years, do you think people will still be buying physical games. >> for us, we are about player we sti see people wanted to -- wanting to buy physical games and we are going to follow where people want to buy those games. we are more about what is the most choice for the player. emily: i know addiction has been a topic for the gaming industry r a long time. recently, we saw apple making moves to curve

>> you look at microsoft now nadella has done a fabulous job. he goes out and grabs linkedin, grabs a great company, and now he does github, and he says basically, i'm still hungry we can go out and integrate more of these so that's the jockey basically maneuvering that horse. whereas you have cook, and this is not a slam on cook, just the opposite you have cook. he's got one of the all-time great horses he's riding secretariat, but he's not goingt him on the rail you know what i mean this is mike smith when he's on justified this coming saturday, and you're not going to pue horse on the rail because you don't need to. you can just sit there and ride that sucker, and then as you say, these incremental little things like services, was a little thing, now as you say, 85th out of the fortune 500. same thing with wearables. all these things are going to be the same, but they didn't need to make that huge acquisition. does everybody wish they bought netflix? of course. but they didn't have to. and it have seemed more risky had they done that >> i thi

microsoft are trying to turn that around., which is good. they are going to be funding games that will just be on the xbox and they hope that in a year or so from now, that will pay dividends with some good exclusive titles on the xbox. as it stands, they are falling behind the playstation when it comes to being the most popular console in the world. we heard from microsoft on sunday here. it is just about finishing sunday here. sony is up next on monday and we will be at their press conference to see what they have got to show off at this yea r‘s they have got to show off at this year's e3. it is always a very tight competition. is there anything that really does separate the two big brands? is it purely about who can get the best, the most popular, the most viral title out there and get it onto the consoles? they're always used to be a difference because one was better at graphics and the other was better at graphics and the other was better at gaming. there is convergence, isn't there? yes, it is not like it was 20 years a

now, microsoft will monitor it for up to five years.ta storage, or maybe just a tourist attraction for the fish. rory cellan—jones, bbc news, 0rkney. now that virtually everyone has a mobile phone, what should we do with all those traditional old red phone boxes? well, in the town of kingsbridge in devon, they think they've found a solution. the tiny space has been turned into the world's smallest nightclub, as john henderson explains. take your pound coin, put it in the slot, lift up the handset. # pump up the jam, pump it up. # while your feet are stomping and the jam is pumping #. a funky number. a telephone box remixed for disco dancing complete with glitter ball, flashing lights, even a smoke machine. compact but cool. they're going to come in here, they're going to put a pound in here, they're going to listen to their favourite dance tracks and all the money goes to a local charity called @115 which does activities and events for people with needs within the community here in kingsbridge, so a great charity. it's been a while sinc

>> i think you're going to see some people really active and i expect microsoft and adobe will be twof them because they're out of the harsh glare of what's going on right now so they have a freedom of action. i ink they perceive that one of the regulatory things that is most likely would be a restriction on the freedom of goog and facebook to acquire more stuff, and so i think if you're microsoft you're sitting there going nobody is paying attention to us, let's go and buy a few strategically placed things gethub for microsoft is a really interesting acquisition. i don't know that they're ever get muc n material out of it but it is a strategically placed business that will improve their relationships of developers in ways they could never do any other way. that was a smart move for them i me, there's no dilution. it's like 1% of the stock. >> i think your line wasn'buy ao make a lotf money. >> to be clear it's probably better for their brand than something they end up buying. >> if they get it right. if they have problems running gethub, nothing sinks your puon faster and worse than

back in november i pitched microsoft it was a 60 dollar stock.it is a hundred stock similar numbers. satya nadella, the vision he had as he took over as ceo was mig naft and they have executed to perfection i love what he's done since he took over. it is a.i., it is a.r. and obviously the cloud. that is where he was pushing that's what they have become and they have really been focusing as woenl the services. but secondly the attractive valuation of the company by the way they have been buying back stock and in the last decade they have taken back 18% of the outstanding shares of their stock. so they are taking care of all the people willing to own the company. and by the way, the dividend has been very strong as well that is just a little bonus on top of that. valuation forward 24, all of what i'm looking at right now i think is really great. but the best one is free cash flow $33 billion a year that's incredible. when you look at this company you do see some debt on the books. that is because they have made some acquisitions so i'm not worried

saying they want microsoft to stop doing business with i.c.e now, a generation ago, nobody got up ins over who bought a windows pc, right. what government bought it. what was happening with it it seems to me in the cloud era, there's the potential at least for tech companies to own some, at least perceived responsibility, for what customers do with the technology in a way they didn't before. that is a new risk for big tech? >> i think absolutely, you're seeing it play out across a lot of these giants and, you know, social media and everyone having a voice and being able to actually kind of ban together with that voice is, obviously, a huge difference than a generation ago i mean we would have had to organize mass protests in a more, you know, off-line guerrilla type way now you see a backlash building and how tech leaders are forced to become lobbyists and spokespeople for the entire industry it's interesting to watch and see them navigate it in real time. >> that's going to be tricky, right? whether you're a start-up or a big company, do you have to think about who your customers ar

and microsoft announced buying up five indie game makers to make that happen.xbox exclusives, was long anticipated and frankly gorgeous rpg cyberpunk 2077. from the team behind the witcher franchise. xbox game pass, a way to give gamers the ultimate freedom to play. that light was a betrayal. only fleeting. we may have to wait a while for most of these games, but with microsoft pushing the cheaper, subscription—service model, we may have to wait a while for most of these games, but with microsoft pushing the cheaper, subscription—service model, in the way that music and movies went, the good news is lots of the big names will launch straight to the xbox game pass. sony is trying something different with its press event this year. they're actually physically moving all of the assembled fans and press through several different themed spaces. to reflect the kind of games which are shown. sort of a magical mystery tour with video games. it started with a kiss. the game's lead, ellie, kissing a new character, which drew cheers from the audience. then we got a first

we've seen that across the board for microsoft.etting much more agnostic in everything they do it doesn't have to be a pure microsoft environment. there's a whole idea around streaming to move off of just the consul and they are doing it within gaming you're seeing the analogs. they are doing it already in the commercial businesses as well. the most recent announced acquisition of gethub, that's about getting a broader set of developers outside just developers going after open sourced developers microsoft is opening up, being agnostic, expanding out the user base >> keith, thank you for joining us, good stuff >> excellent, thank you for having me. >> keith white of morgan stanley. >> every story we'll do over the next few months is the netflix of this, you know, chipolte, netflix of burritos. >> i want to tool that sees all my subscription, and this is what you spend on everything you're not aware >> yeah. >>> dow is up 76 points, 75 points on the bell there s&p up 8 nasdaq up 10 russell up 4 again, strong weeks for the dow and s&p

. >>> breaking deals there microsoft reportedly nearing a deal to buy github volcano in guatemala killing 25 people overnight some residents are being air lifted to safety airlines have fuel costs rising. and mgm reaching a tentative deal with 25,000 workers avoiding a strike. it is monday, june 4th, and "worldwide exchange" begins right now. jo >>> and good morning, i'm brian sullivan so glad you are with us to start your week or at least get through your monday. here's how the markets are setting up their day looks pretty good. stock futures showing the dow will open up nicely. we are up over 100 points. the ten year yield up over 3% rising at 2.91%. we'll get more on the markets in a minute it was a big day in asia as well all indexes are up led by a 1.6% jump in hong kong. green on the screen. as you can see, all in all pretty good looking monday with the exception of weather if you own stocks anywhere in the world. >>> topping your money news this morning, the u.s. and china just wrapping up their very important latest round of trade talks in beijing. all of this coming of course jus

theater at e-3, after speaking with microsoft's head of gaming julia. >> morgan, that's right.xclusive content and easy access to that content was the focus of microsoft's big xbox announcements yesterday microsoft showcased 52 new games. 18 of which will be exclusive to xbox, also announcing it's buying five game studios microsoft's head of gaming phil spencer telling us about the growing importance of its game pass subscription service, $10 a month, to which it's adding new content and features >> what we're seeing today in gam pass is not only an expansion in subscribers but the people who subscribe play more games. it drives higher engagement. >> with epic games fortnite taking the gaming world by storm on both consoles and mobile devices he tells us thgame's success has been a win for microsoft >> fortnite has been a huge success for epic games it's great to see that we love when big hit games do very well on our platforms we're seeing that, we're continually working with epic about how to make that game even bigger they're doing a lot of e sport work this year exxbox has

a blog post from january resurfaced in which microsoft said it was proud to support ice and that microsoft technology can help the agency accelerate facial recognition and identification in response to the online outreach a boycott threats, the company said microsoft is dismayed other forcible separation of children from their families at the border. you satisfy with that? >> i think it is a good first step. i don't think it is enough. i think all corporations should be held accountable to the consumers. we all get to choose who we give our money to. in this case, i think microsoft is to go further and have a specific policy that they will not develop any kind of roleslogy that favors ice in our country, which is to destroy our community's. i think there should be not only microsoft, but he never corporation, again, that is making money from regular consumers -- any other corporation, again, , that is making money from m regular consumers.s. i think consumers have the last word. people should be up to continue microsoft in this case, and google and any other agency or corporation that is m

but with microsoft pushing the cheaper subscription model... we shall not fear...ic and movies went, the good news is that lots of the big names will launch straight to the xbox game pass. sony is trying something different with its press event this year. they're actually physically moving all of the assembled fans and press to several different themed spaces, they've been themed to reflect the kind of games which are shown in there, sort of a magical mystery tour with video games. it started with a kiss. sony opened its press event with the last of us part two and the game's lead, ellie, kissing a new character called dina, which drew cheers from the audience. then we got a first glimpse of gameplay from a third person actioner, set in a world devastated by a fungal zombie plague. the demo was brutal in its depiction of graphic violence. from this, we can glean, the combat system now seems more fluid than the previous outing. no word on a release date yet, though. then came the sheer, bizarre spectacle of the first gameplay from video games auteur hideo kojima, th