presidential administration, as ceo of microsoft.one thing you would want this administration to do that would make a difference for microsoft, what would it be? satya: i think for this administration and the last administration, the most important thing is how do we get past this pandemic, because even as we speak, if you think about some of the big challenges we have around core logistics of delivering the vaccine, the vaccine supply chain, i feel the private sector needs to do its job and do it super well. we have many capabilities. even the government needs to do its job, and if anything, we have all come to recognize the strength in our institutions in the private sector and in the public sector, and how they all both need to be coordinated. and quite frankly, governments are the most capable coordinating agencies we have. we need more of that going forward. emily: the power of big tech is being scrutinized by regulators around the world, lawmakers around the world, and regular people around the world. what you think it is that

we know technology tools and services like microsoft bonds will be partof it . this should be a moment when sector employers asked themselves what can all of us do to invest in our people and for us at microsoft how can we provide the technology to make that easier? now it's a time for government to ask as well and for the small business sector as we think about stimulating the economy, i happen to believe one of the great shorts and long-term benefits is to reduce the barriers of increase for people getting new jobs by providing tax credits to small businesses to invest in training and on boarding . so that people have a brighter future. other countries around the a world are doing this. we shouldn't be a library, we should be a leader so that's one issue that sort of connectseverything we're talking about here . all of the parts of society that can contribute . the need for new ideas and leadership by the government itself >> thank you so much for joining us today. if there was one common thread in your answer , the answers to those really important questions,

at microsoft, he plays a key role in spearheading the work on critical issues involving the intersection of technology and society. brad is a graduate of princeton university and received his jd from columbia university law school. over the past decade he spearheaded the company's work to advance privacy protection for microsoft customers, the rights of dreamers and other immigrants including bringing multiple lawsuits against the government on these issues. in the time i've known brad i've always thought of his insight on the responsibility of the sector to preserve and promote civil society. brad is uniquely qualified to speak about the type of values-based principles leadership not just at the corporate level but at the personal level that will be necessary for american leadership in the 21st century so we are so grateful to have you with us today and i can't thank you enough personally. >> it is great to be with you and brookings and mount vernon, two great institutions. it is a pleasure and a great topic to discuss and i look forward to it. >> we will benefit from your views on thes

microsoft, all-time high.lphabet, parent company of google, up more than 7% after it beat on earnings. also some optimism around the cloud business. the cloud business recorded a loss for the first time. they've invested really heavy and investors are giving google cloud the benefit of the doubt. mixed bag for markets. the market is digesting news as the biden administration tries to pass a stimulus l. -- stimulus bill. emily: qualcomm shares slumping after hours, with a forecast that disappointed some analysts. i spoke with the outgoing ceo and incoming ceo, and they talked about the bullishness about paul, burgeoning up -- qualcomm burgeoning out to other industries. we have seen some interesting changes. take a listen to this from cristiano about handsets. cristiano: we have seen a v- shaped recovery. the market is still contracted. it is 7% down. but we are growing within the market because of 5g, and we saw that happened in developed markets, and now emerging markets. there is recovery on the handset. the

microsoft and it orchestration by cdw. people who get it. ♪ microsoft and it orchestration by cdw.disaster strikes to one, we all get together and support each other. that's the nature of humanity. ♪ it has encouraged other people to take the time for each other. ♪ ♪ ♪♪ dad, i'm scared. ♪♪ it's only human to care for those we love. and also help light their way. ♪♪ it's why last year chevron invested billions of dollars to bring affordable, reliable, ever cleaner energy to america. ♪♪ i have an idea for a trade. oh yeah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪♪ >>> people are really leaning into a digital first approach when it comes to building their relationships, so prior to the pandemic you would see people engage on the product and then jump into the real world as far as int

quick setting this is clearly following the microsoft model. bill gates stepped down to take an advisory role. bezos will not be involved quite so much in the day today but when he can look over the shoulder and shepherded new initiatives, that is something he likes to do and is passionate about. romaine: kind of interesting, we have seen some transition and some of these big cap tech companies. i am curious about the new ceo and what you know about him and what he brings to the table. >> andy jassy has been with amazon for a long time. at one point, he was jeff bezos 's technical advisor, where he learned the ropes from the big boss. data-driven guy, very decisive when he wants to move on something and spies an opportunity. the amazon unit that he led his far and away the leader in the market, amazon web services. it is may be conventional wisdom at this point that if jeff bezos did ever step down, and andy jassy would be the guy to fill issues. joe: obviously, aws a big cash gusher for the company for quite some time. in terms of what amazon

also on the show volkswagen turns to microsoft for help with driving cars it's the latest partnership between big tech and big auto stakes are high to do digital right. globe welcome to the show m c. it's good to have you with us investments in african startups fell for the 1st time in nearly a decade in 2020 that's according to a new report by venture capital firm part tech partners companies on the continent raise 1400000000 dollars last year some 29 percent less than 2019 big deals were down with only a pair of start ups managing to raise more than $50000000.00 experts claim the pandemic and subsequent lock downs for the disappointing year africa's tech sector is the world's smallest and investment had increased significantly prior to 2020 some analysts expect a turnaround this year. well getting through the pandemic is the priority around the world and it's leading to some very clever ideas in kenya where infection rates have skyrocketed in past weeks front line workers are now getting help from an unlikely source japanese robots. japan has sent 3 of them to kenya to help the east

also on the show volkswagen turns to microsoft for help with self driving cars it's the latest partnership between big tech and big auto where the stakes are high to do digital right. globe welcome to the show m c. it's good to have you with us investments in african startups fell for the 1st time in nearly. decade in 2020 that's according to a new report by venture capital firm part tech partners companies on the continent raise 1400000000 dollars last year some 29 percent less than 2019 big deals were down with only a pair of start ups managing to raise more than $50000000.00 experts claim the pandemic and subsequent lock downs for the disappointing year africa's tech sector is the world's smallest and investment had increased significantly prior to 2020 some analysts expect a turnaround this year. well getting through the pandemic is the priority around the world and it's leading to some very clever ideas in kenya where infection rates have skyrocketed in past weeks front line workers are now getting help from an unlikely source japanese robots. japan has sent 3 of them to kenya to help

>> they do amazon, alphabet, apple, and microsoft, they all make up, you know, 20% of the s&p 500 indexso, you know, with that high of a waiting in technology leading the way for the future, that's where you want to be, and earnings are amazing right now they are crushing the earnings report but you have to be selective with where you're buying the dip right now buying the dip is a broad term some states are shut down, stimulus is being given out like candy. some stocks crushed it, others are not. alphabet, amazon, google, all of these different companies, they are winners, and i think you have to stick with them. people were itching for the stocks that have taken off record levels of cash on the sidelines the past two, three, four, five months, markets have gone up, and a lot of people are looking to buy the stocks, they continue to go up. if they do dip, deploy the capital. >> we'll see if the small caps, luke lloyd at strategic health partners, thank you very much. >>> now to washington, d.c. where congressional democrats are pushing forward with the bid to pass the $1.9 trillion cov

microsoft, apple, tesla.ooking at the chart in front of you, the index in front of you, the nasdaq 100 is taking it on the chin by the most in three weeks. all of those grouped together. flip up the board and i want to take a look at the semiconductor index. taking a look at a 20 dhr and you will really see that you have started to pare back some of those gains. -- gains that you saw it earlier this month. the biden administration helping out, getting a little bit of a reality check. you can look at some of the individual stock stories. as much as 19% for churchill capital, a spac that was reported to go public with lucid motors as soon this week. one of our reporters, ed ludlow. elon musk tweeting the prices of bitcoin. tesla really taking a hit. they seem a little bit high. that tweet itself is taking a hit. a quick nod to those stay-at-home stocks. zoom and peloton taking a bit of a head as well. -- hit as well. let's go to that bitcoin chart. look at what it is doing. coming off a record high after -- rec

tell us about your newest product, microsoft viva.he pandemic has shined a light on how important the experience is for the employee. when you are remote, in particular you want to be , staying engaged with your business and company and its sense of purpose and mission. you want to be able to collaborate between the folks in the front lines and the knowledge workers. he want to be able to actually start learning as a new employee, how do i build that knowledge capital by learning from others when i do not have some of the same social structures? i have to be able to find them online, learn from them. as well as the learning content needs to be delivered with workflow tools you use every day. one of the things we learned about is well-being. some of the practices we had even the commute practices, what , transitions helped create clear demark asian's between -- demarcations between work and life? those have gone away. we have had to introduce things like virtual commutes. putting these things altogether, the employee engagement, learni

what are you doing to mitigate it at microsoft? >> the short story is power security system does not depend on the secretsy of our source code, there's more course code by companies publish will -- publiced by source form code. it's not considered to be a particular secret. and our entire threat and security model is based on the premises that there will be times when people will have access to source code. do we like the fact that this actor saw it? absolutely not. but we do not believe it under mines or threatens our ability to keep our customers or ourselves secure. >> we will by the way, as we do, to answer the rest of your question, senator, we will ask ourselves what do we change? it's not apparent to me that i need to have access to our source code, it's not apparent to me that our senate lobbyists have to have access to the source code. we may have those who have access to source code in the future. it's not at all the center of what we are focused on here. >> okay, approximately 30% of the victims of the attack were not us

alphabet and microsoft doing okay but you can't do this just on alphabet and microsoft actually, microsoft down a little bit today in terms of reflation trade. year to date, it's obvious you can see where people want to put their money now. how many people have money in energy stocks, seriously it's all up but how many people own exxon and chevron and freeport, banks up, copper, how many people own materiel stocks. russell 2000 if you look at the s&p 500, essentially, tyler, we're kind of moving sideways so if you're an index investors you're fine. the problem overall if you're an active investors it's tough. you own tech stocks, right you don't own energy stocks or freeport macnaran. we're rotating around. tyler, back to ou. thank you very much. >> the next guest says the bull market is still very young and not do give up on tech stocks just yet let's bring in jim paulsen always great to see you, jim let's talk about the reflation trade that bob was mentioning. you seep inflation on the horizon. you say it's here. how big, how fast is it going to get? >> i think that's a great question, t

that interview with microsoft co-owner, bill gates. houck -- how tech can solve the biggest problem the world has ever faced. and how to avoid a climate disaster. that is next. this is bloomberg. want to save hundreds on your wireless bill? with xfinity mobile you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network. sure thing! and with fast nationwide 5g included at no extra cost. we've got you covered. so join the carrier rated #1 in customer satisfaction. and get a new samsung galaxy starting at $17 a month. learn more at xfinitymobile.com or visit your local xfinity store today. emily: microsoft cofounder bill gates is a self-described optimist. his octant -- optimism is needed when confronted -- confronting the grim reality of climate change. in a new book, he offers practical advice and says how technology can be deployed to fight. i sat down with bill gates and asked how much worse than the pandemic climate change could be. bill: the deaths will just go up

>> both before and after obviously worth asking what situation may rhyme with this is a look at microsoft shares from the ten years before bill gates initially stepped down as ceo. very similar in the sense it was also 25 years roughly after microsoft was founded, and, of course, dealing with some regulatory issues. this was right about in there. january of 2000, right near the end of the massive bull tech market that's pretty much what amazon has now, however its valueations has come down. the overall market, of course, for tech did collapse right there. take a look at apple this would be the second time steve jobs stepped down, when he was ill in 2011. a lot of people thought it would take a hit it flattened out for a while in the years after that nobody was quite sure if they could iterate on the -- but massive gains since then also we looked at oracle larry ellison, similar things, gave up the ceo role, but stayed around and involved. that was in 2014 obviously not as steep a trajectory, but clearly they've had their day back in the tech bubble as well it's been grinding gains since t

and microsoft and amazon using it in the data center.orm architecture across the entire industry and the reason why this works is because there are so many licensees completing in the industry if it was owned by a single company, that would create the monopoly i think is unacceptable to most people >> herman, i think there is a lot of metrix where you can see arm has been hugely successful, but critics do argue that it's soft flattening revenue growth to softbanks, what do you say to them that arm is achieving more? >> well, it's just wrong the results have just come out a week ago arm is growing 10% a year at the moment we are selling almost 30 billion arms a year. so cumulatively, we've now sold over $160 billion, since there are 7 billion people on earth, every one of you has about 30 arms now so you might ask, well, where are my 30? well, there are 30 in your smartphone people know the main processor is an arm. there is an arm in the usb, in the b blu-tooth and touch controller there are lots of arms in every pc now there are arms al

we will have highlights with top execs from microsoft and crowd strike.nd the struggle is realreal. the covid-19 pandemic continues to challenge consignments marketplace and realreal, and it reported a $50 million net loss in the first quarter. we will speak about the plans to move. first, square and intuit reporting and there is post market action with the ceo of gamestop resigning. >> you are seeing a lot of action in the post-market after a fairly quiet trading day. kicking it off with square. big earnings story coming after the close. the highlight was the bitcoin investment, 3318 bitcoins bought for $170 million. you are seeing a little bit of a decline. we will look at hr in a minute. intuit, beating estimates, and investors not hopping into the shares after the close. seeing a pullback in the shares. gamestop news, the cfo resigning, pressuring those shares over 4% of a decline there, and taking a broad step back, i want to look at what happened with the major averages. the s&p 500 marginally in the green. few tech being able to lift it higher, but

day to day control of microsoft. see a little bit of a reflex lower in amazon. executive chairman, he is staying on as the biggest share holer, i am not sure it changes the broader picture. >> i was going to bring up the point on aws, on the move, higher now afterhour he ran aws a long time that's cloud business. it is the profit driver for amazon growth moderated as it faces competition from microsoft and google all trying to capture market share from cloud. analysts point to the market share reach of retail in particular and what they have been able to do with how we shop, e-commerce during the pandemic what they have done with grocery. deirdre bowsa has more on this shakeup. >> i am just looking right now at this memo that jeff daze owes issued to his fellow amazonians. he tends to focus on new products and early initiatives and he says, as we well know he is well-known within the company. he has been at amazon almost as long as jeff bezos bezos says he will be an outstanding leader and has my pull confidence. i a

own it for that because benioff has had it with microsoft. charges about the cybersecurity issues, scott, involving microsoft that microsoft has been able to dodge every bullet that is a teflon stock i can't believe it it did not read well what i read yesterday. >> i have a question about a an entry point. 2.39 is that okay >> the stock cratered this morning at 2.31, but i'll say that's fine. last quarter it was beautiful and the stock did not go up. understand this is not one that has not done that well as others service now has been a better stock. bill mcdermott, but i do think salesforce can have a great quarter, but i don't think it seems to matter right now. not until the deal closes. >> i also had questions about boeing which you tweeted just a short time ago it's one of your favorite stocks, right? look at what they've thrown at this thing it keeps going up and i want farmer jim's take on it now. tell us why you like boeing so much here. >> i wonder if they ground every plane does it go to 300? this thing is just so snakebit, it is in

we know microsoft did but so, i don't know. my hunch is that to the extent this is a problem, it's a problem versus what investors expected as opposed to a real problem with amazon web services connell: yeah, i think that is fair. that was interesting. jeff bezos is transitioning to executive chairman out of ceo role. andy jassy, chairman in the third quarter. we appreciate it, guys. we'll revisit some with the after-hours trade as we continue here on a busy "after the bell" but we have a lot of other stories to get to including the enforcement of stricter rules. passengers are facing a new penalty for not wearing a mask on public transportation. we'll go through the details on that next. plus we still have 70 million people digging out around the country. a major winter storm continues its assault on the northeast today. we'll update where things stand. from wall street to the big screen, hollywood is already talking about making a gamestop movie or gamestop movies. stick around. well have much more as well when we come back.

they believe that microsoft could reenter the talks, that there is -- inside microsoft they're sayingy believe there is some, there is chatter about how to reengage and basically try to make a second attempt. remember, they were the first firm that went out and tried to buy tiktok outright. the deal fell through, and they may make a second attempt. the way it's being posed to me, liz, is that they would do it with a partner, possibly a private equity firm. but this is very much a possibility i am hearing depending on the outcome of oracle-tiktok which, again, is not quite shelfed. it's still bouncing around the administration. it's being slow-walked. oracle and tiktok as of yesterday have not given up on it, i am told, but microsoft from what i hear hasn't really given up on it either. and these are sources that know what's going on inside microsoft, there is a possibility -- not deaf fit, a possibility -- not definite, a possibility -- that they could go back and try to buy tiktok. fascinating story. what was that song, the kids' song, the song that never ends? ♪ this is the song tha

the ft is reporting that microsoft made an approach to buy pinterest in recent months microsoft intereste paper says those talks are not currently active the market valuation of pinterest has soared by 600% during the pandemic. in other deal news, the plan to sell tiktok's u.s. operations to oracle and walmart has been paused indefinitely. the "wall street journal" says the move comes as president biden begins a broad review of the trump administration's actions on chinese tech companies. tiktok parent bite dance has been pushing legal challenges against the deal since last fall late yesterday, the white house asked to delay a government appeal of an injunction against the tiktok ban which was put forward by the trump administration. >>> and mastercard plans to open its network to some cryptocurrencies, the announcement yesterday following news earlier this week that tesla has bought bitcoin and plans to soon accept it as a form or payment. shares of mastercard up a percent and a half this morning. back to you. >>> thank you very much for those headlines to now to washington, d.c. and th

microsoft and it orchestration by cdw. people who get it.say never about anything if you had told me -- first, if you had told me 18 years ago that we would be -- you know, i was coming to amazon as a books-only retailer at that point that we would build a technology infrastructure platform and we'd have a $7 billion revenue run rate after nine years and be the clear segment leader, i would have said well, are we just going to get into something other than books? >> yeah, and now five-plus years after that they've dwarfed that revenue run rate that's amazon's incoming ceo andy jassy with me back in 2015. carl, if there's anything i draw from those conversations with andy jassy, he's highly pragmatic. he is very consistent and, you know, a lot of executives talk about focused on the long term at amazon they do it to a degree that's kind of fanatical and that doesn't always lead anywhere, but it's based on the principles of what they believe is important a lot of these tech giants, john, have mads out of having management practices that some w

how did microsoft miss this? >> smith: i think that when you look at the sophistication of this attacker, there's an asymmetric advantage for somebody playing offense. >> whitaker: is it still going on? >> smith: almost certainly, these attacks are continuing. >> whitaker: the world still might not know about the hack if not for fireeye, a $3.5 billion cybersecurity company run by kevin mandia, a former air force intelligence officer. >> kevin mandia: i can tell you this-- if we didn't do investigations for a living, we wouldn't have found this. it takes a very special skill- set to reverse-engineer a whole platform that's written by bad guys to never be found. >> whitaker: fireeye's core mission is to hunt, find, and expel cyber intruders from the computer networks of their clients, mostly governments and major companies. but fireeye used solarwinds software, which turned the cyber hunter into the prey. this past november, one alert fireeye employee noticed something amiss. >> mandia: just like everybody working

microsoft up more than 3% as well those gains helping to fuel a big rally in the nasdaq and nasdaq 100 back to nasdaq up 2.5%. as we kick off a new trading month, do you continue to stick with what worked for most of last year? and appears to be working. at least the beginning of this year timm seymour outside of all the reddit stuff, what do you make of the big tech day to day >> well, welcome, brian. if you look at what's gone on in big cap tech in this reddit run, rebellion run, you had a pull back of the qqqs or nasdaq 100 by almost 5% semiconductors as measured by smh or whatever you want to do, down almost 9% if you take interday high to the low where we were i think on friday. you have a case where you had a massive pull back but that ultimately, the megacap tech as the space, whether it's the numbers we saw out of apple or microsoft, the numbers i think we are going to get out of amazon tomorrow, this has been a place where it's -- valuation dynamics, all the frenzy, euphoria, i know these have been massive moves but these are stocks that actually are defendable and the moves h

microsoft's biggest deal ever with a price tag of $351 billion. $51 billion. you're the only one with a pin stress page. i will go to you is that what it's worth? >> no. because i think it has a market cap of $54 million after the move today if there's going to be a deal it's probably going to be north of $70 million respectfully. the only reason i know anything about pintrest, an early investor, and yes i was an early adapter to the page. i would put my pin stress page up there with anybody. you have 70% year over year revenue growth and you can ridiculous cps growth. at a certain point it's going to wan but it doesn't appear to now. if they want to do it now it's probably closer to 75. >> when i read the report i thought why does microsoft own pintrest i don't get that i don't know where you stand on that potential deal, tim, or pintrest >> well, a lot of people kwefd what microsoft was thinking on linkedin now it makes a lot of accepts when you consider their display of products. this has been a sneaky way to play the housing trade if you look at his pintre

government spends billions of dollars with microsoft and maybe it shouldn't do that not microsoft givesore skeptical tone here later in the week than earlier in the week including lawmakers frustrated with the fact that a, this hack happened in the first place and b, we don't have a resolution to it lawmakers are asking security experts and these software company executives whether or not they can guarantee that the russians are out of these systems and the answer is basically, no. we can't guarantee that the russians are done with this hack just yet, guys back over to you >> wow eamon, the relationship between big tech and the hill getting more and more layered with every story. thank you. that's our eamon javers. >> keep an eye on hp gets an upgrade on j.p. morgan and they go to overweight talking about the strong print, good guide, the buyback, the dividend and the price rgtaet is 35 we're back in a moment we're carvana, the company who invented car vending machines and buying a car 100% online. now we've created a brand-new way for you to sell your car. whether it's a year old or a

exclusive content for the hardware means their hopes of competing with gaming mainstays like sony microsoft and intend are diminishing meanwhile newly minted amazon c.e.o. andy jacey's sent out a company email earlier this week expressing a commitment to amazon game studios despite previous missteps so for more on all of this the 2 worlds biggest tech companies struggles in gaming and other gaming related news well let's bring in used to vent droid and he's an entrepreneur and video game analyst and author of what up creativity competition and the global business of video games used to it's great to have you on as always. the 1st question i have is about the story we just said why has a made italy successful tech company like google had such a hard time making inroads in the gaming industry when just 2 decades ago microsoft was able to step in when many thought they might fail and now they're one of the leaders in the sector. that's a question and my take on that real quick would be you know google is coming at this from a in a in a moment when the industry used to do a service model run ba

at this from a in a in a moment when the industry easters is to do a service model run back when microsoft was doing it you could sell boxes you could sell packaged software in a very different context you could do today so today we have 3 major incumbents to tend to microsoft and here comes google who becomes amazon facebook's trying to then there's apple which is of arcade kind of doing a thing to something the market is really full of substitutes or old you know competing with undifferentiated content in a very large you know with these large budgets i think also what it comes down to google and amazon is that culturally it doesn't quite fit for them there historically neither of them are very strong with content and so for a google or facebook for that matter to really be coming out against swinging with proprietary 1st party exclusive content that's a really high bar to even they can't match well and you can imagine the amazon there because while google is giving up that development as i was actually sticking with it after not having a game in the 6 years they've been trying and havin

you know, scott, i own apple google, microsoft. i'm going to stick with them they've been great, but you also know i have a lot of cyclical exposure and value stocks and i've been consistent in the last couple of weeks saying that big-cap tech will do just fine this year, but i don't think it will be the market leader this year it's had such a torrid run the last two years and frankly, the last five years and when you look at the fundamental forces that are propelling either financials which we'll discuss a little bit later or energy or industrials and just the fundamental forces of a new economic expansion, easy money and infrastructure spending that may come, just more economic activity in general. i think it's safe to say i think it's rational to say that leadership this year will come from the cyclical value sectors, but tech will do just fine, as well. >> i want to speak about tech and the area i just mentioned, john software i mentioned the new record high. you have some software exposure as probably a lot of people do becaus

government as well as microsoft. >> when we analyzed everything that we saw at microsoft, we asked ourselvesrobably worked on these attacks? and the answer we came to was, well, certainly more than 1,000. >> reporter: the hackers are still believed to be lurking in the systems. the white house says its investigation will take months but some experts say it could take longer to fully grasp. the private sector will be key in uncovering the damage as they were in discovering the hack. today the heads of solarwinds and microsoft will testify in front of the senate intelligence committee who will look to them for answers as well as to the ceos from fireeye and crowdstrike. >> congress and the executive branch have failed to prioritize cybersecurity and now we find ourselves vulnerable and exposed. we have to do better than this. >> reporter: now the question of how to respond. some see it as cyber espionage which the u.s. does abroad. others see it as an attack that demands a response. the biden administration says it's weighing how to respond but that it's a question of when, not if. you'll be h

we saw that when microsoft was taken over. and i wonder whether or not we will see the same thing here. brad: i do not think so. i think aws has ever been wanting for resources. it is an extraordinary business story, the $50 billion run in the span of 15 years. it generates a lot of cash and net income for the company and is funding its own growth. andy jassy has stewarded aws over the last 15 years and is a veteran of amazon and he started in retail with online marketing. i think he will be an evenhanded steward of both sides of the business and i do not think aws needs further momentum. alix: basically, jeff bezos gets to play. he said he intended to focus on new products, and he is known inside the company and has been -- and he has been known inside of the company as long as he has. i want to know what the narrative is on the regulatory front. jeff bezos would not want to spend the next couple of months and hearings in d.c.. brad: we saw when he was summoned virtually, that he would probably be rather doing other things. i

my exclusive interview with microsoft ceo satya nadella. how my -- the pandemic has changed what it means to go to work. he will introduce the product he says is microsoft's next big thing. plus, richard branson's virgin group planning to go public. and ceos in spain, the founder of shift for payments, has paid an undisclosed amount to participate in a spacex mission. first, u.s. stocks hitting a record as a slew of companies report earnings. >> you did see a risk on day but all the action seems to be after the closing bell. a lot of earnings hitting the wire. let's stop -- start off with snapchat. you are seeing a little bit of a pullback. revenue and daily users feeding estimates. company saying the revenue will accelerate this year. even with that, they are expecting unpredictability in 2021. peloton in that same vein. also eating estimates but saying it cannot keep up with surging demand. they warned of a profits flee. investors not liking that. activision had a different story. you saw them beat their expectations. not only in the four

microsoft has announced it will work with european news publishers to set up a payment system similar to australia's proposed new scheme it requires companies like google and facebook to pay for articles they link to. and speaking of that facebook has agreed to lift its news blackout on australian pages out of the country made changes to its proposal to make internet pay for content the social media platform had blocked uses there from accessing news in response to that tropical. let's discuss that further with our financial correspondent in frankfurt ashutosh pandey so why has facebook done this you ted. well it's simple because it got many of the amendments that it was seeking from the australian government it says that now the new changes that the government has agreed to address its core concerns and they recognize the value that our platform provides to publishers. relative to the value view to see from them so facebook has clearly maintained that it's the publishers who use its platform to reach a wider audience unlike say a google which actually chooses to publish articles on g

microsoft down 355, one and a half percent. for apple which is down a quarter of 1%. big tech way down today, so far. in stop-- gamestop from the recent past of last, 14%. wise it up today? susan: infamous reddit trader keith gill doubled his stake in the videogame retailer to map 100,000 shares. gill buying an additional 50000 shares and now holds gamestop shares worth about $4 million and remember he's the defect oh leader of this reddit rebellion brigade and during the hearing last week he said he still lacks game stock and it even surprised him it rallied to the mere 500-dollar per share level. stuart: 's there is the headline i didn't expect this morning. i want to talk about tesla. we just mentioned bitcoin has dropped to $50000 a coin and tesla owns a chunk of bitcoin, is that why tesla is down? susan: i think so because i've been searching for news and i carefully find anything that's market moving for tesla so that thinking is it may be a rotation because the treasury yield is back up to their highest in the year so ri

significant for apple, significant for microsoft, significant, you know, all the more so for microsoftw that jeff bezos is taking himself out of day-to-day operations. so the dn answerer, the plant is there -- dna, the plant is there. i'm just wondering where it goes from here. would you still recommend amazon at even these lofty levels? >> i would, and we hold it currently, neil, and we're probably going to buy some more if it does continue to pull back here. andy jassy is the head of amazon's cloud division, so that clearly shows you where this company wants to go going forward. not to say we're going to forget about amazon retail in the future, but cloud and health care are two areas where i think amazon is really going to start to take over in the next 5-10 years. neil: when you say in the next 5-10 years, you've seen these analyst statements, scott, talking about we see this stock going to $5,000, we see a host of others who -- you know, that was kind of the thing we heard in the late 1990s. in retrospect with amazon, that talk was justified. they weren't saying quite the same thi

we know what happened with microsoft. they ran into the numbers. pulled back and once again, it bounced back up towards these levels once again. i think that would be bullish for amazon i think amazon will have a solid report and when they do, i think that will be bullish as well for microsoft. they're in the right spot. they're in the cloud as we look ahead, i'm not in a lot of these various names i loved paypal i was in it way too early because i got out way too early. i think back around 160. so this is up in the stratosphere for me and amazed it goes into the upside. the factors of why it's a great company going in still exist kourtney diagnosed that with venmo very well and it's a stock that could easily go a lot higher i just don't have the patience right now to be able to jump into it because i feel like when i do look at the multiple here now, it's a little bit more difficult for me i get it though. i totally understand the upside but just missing the ride. riding other trades right now. >> intraday, the conversation for sure the stock is u

peter: one of the companies that has a pretty robust presence here in washington is microsoft. their experience in the 1990's with antitrust. emily birnbaum, brad smith, the president of microsoft, is in town testifying again this week. let's going on? -- what's going on? emily: he definitely testified at least twice so far this week. he testified on the solar wind packed, which microsoft has been heavily involved in both identifying in its own products and identifying the customers that were affected by the solar wind packed. he was also on the hill to talk about emerging technology issues and how the biden administration can craft a policy towards china that doesn't leave the u.s. behind on things like ai and quantum computing, which is an issue there biden administration has made clear they are going to take seriously and probably going to make a pact similar to the trump administration in that they are going to place a heavy emphasis on investing in u.s. manufacturing. they're going to emphasize the need to invest in r&d and all these areas like china is. i expect that brad

because take a look at the earnings yield and if you take a facebook, microsoft, or google that's a 3.3 earnings yield and that's right where it's supposed to be if the ten-year is 1%. if the ten-year is 1.5% and you add the equity risk premium of about 2 1/2 percentage points that gives you 4% which tells you the p-e on those stocks should be 25 and not 30 and that's a good 12% lower than we are now. that's not a crash, but a correction yeah, it's clear sailing, but not you get the 1.5% on the ten-year this market will go through a correction that's the thing to look out for. >> i don't know, steph said embrace higher rates >> yeah. i was just going to say, jim, what if gdp comes in at 7% this year what if earnings actually come in up 30% this year? that means that rates are going up as scott said before for the right reasons because all of this stimulus, it takes a while to get into the system and it takes about 12 months and so we're 11 months into this thing and certainly some parts of the economy have benefited from the stimulus, but not all and you'll see better growth rates and t

>> thanks, seema and, you know, paypal as well as microsoft are two of my top holdings and i do thinktarget rolling 12 month upside target is 4625. if you look at the s&p 500 if you look at what happened over the last two weeks it makes -- you think it's very possible before the end of the year ultimately, though, as straight shot this market has been there are pull backs that capitalize and i think that's where it's important to have a shopping list i was out in october calling for the ten-year yield to go from 60 basis points to 1.25 and it's there now, it hit that for the first time today but that was the time to be buying banks. i think right now as you're seeing jpmorgan maybe a record high, paypal surge on the cashless payments and bitcoin, a lot of the narratives have already played out last week i'm trimming names, trimming off microsoft and trimming off paypal and then i want to know where to go shopping for these again listen, the technical charts anybody who ever said you can't draw lines on charts and be accurate is wrong. take a look at deere, for instance, since may this

also on the show volkswagen turns to microsoft for help with the. driving cars it's just the latest partnership between big tech and big auto. and mexico's eager to get back to business even in the middle of a pandemic we'll hear from workers and shoppers in mexico city were stores are reopening. blow off into the show. it's good to have you with us u.s. president joe biden told his chinese counterpart xi jinping that he had fundamental concerns about chinese trade practices during the pair's 1st phone conversation biden called chinese policies coercive and unfair according to the white house she stressed the need to continue dialogue and called for tolerance of differing political views the relationship between the 2 economic powers has been strained in part by a u.s. led trade war biden has said his reviewing tariffs and policies currently in place . now the new president has called china america's most serious competitor here he is thursday talking to reporters but you know they're going to get moved. billions of dollars to do with the whole read

then consolidated its software development program into one subsidiary car software org now microsoft will lend its cloud computing expertise traditional car makers are feeling the pressure not only must they contend with tesla the undisputed leader in the electric car market but also they're facing ambitious u.s. tech giants who are hoping to carve out a slice of the automotive pie google and apple they're working together on software for autonomous driving meanwhile amazon has bought a firm that produces robotic vehicles. software is playing an ever bigger role in our cars for instance in steering or onboard entertainment with increasing digitalisation the auto industry is approaching across rates. or let's go to some of the other business stories making headlines. today as europe's largest share trading center now that britain is out of the e.u. stock exchanges in the dutch capital are trading at $9200000000.00 euros per day in january after picking up a chunk of u.k. business london during that same period traded at $8600000000.00 euros per day. astra zeneca posted a $3200000000.0

then consolidated its software development program into one subsidiary car software org now microsoft will lend its cloud computing expertise traditional car makers are feeling the pressure not only must they contend with tesla the undisputed leader in the electric car market. but also they're facing ambitious u.s. tech giants who are hoping to carve out a slice of the automotive pie google and apple are working together on software for autonomous driving meanwhile amazon has bought a firm that produces robotic vehicles. software is playing an ever bigger role in our cars for instance in steering or onboard entertainment with increasing digitalisation the auto industry is approaching across rights. and finally a trade in dire times in the bavarian town of long suit a confectioner has found his own way of dealing with the coronavirus crisis offering customers a jab of donuts filling customers can choose from different flavor jams and inject them freshly into baked donuts while their offerings lemon gender and passion food coconut chia. thanks watch. and they're crammed into overcrowded

tell us about microsoft viva.ya: the thing that the pandemic has put and really shone the light on is how important the experience for the employees is. when you are remote, you want to be staying engaged with your business, company, and it sense of purpose. you want to be able to collaborate between the folks on the frontlines and the knowledge workers. you want to be able to start actually learning as a new employee, how do i build the knowledge capital by learning from others when i do not have some of the same social structures. i need to be able to find them online and learn from them as well as the learning content needs to be delivered more as the workflow tools are used. lastly, one of the things that we learned a lot about is well-being. some of the practices we had, even the commute practices were transitions that helped clear -- create clear demarcations between work and life and those have gone away, and we have had to introduce virtual commutes in order to help people with transitions. putting these t