microsoft in the 90s. andy jascy also started at amazon in the 90s. that said having the big change at the helm of amazon definitely could be part of the reason. but to your point wsh in terms of the consistency going forward of the apple, microsoft and amazon, what i know about these two names is they're going to continue to put up huge monster cash flow, huge earnings the big question is ultimately what is the market willing to pay for those earnings if i had to look at the two independently, i feel more comfort around microsoft only because you have the same ceo, the same story that said, andy being there since the '90s, he started when the company was a few people and now at the helm. i think they both do well long-term. but i like microsoft better because i like the gaming aspeck amazon has switch. microsoft on the gaming side is huge and continues to be a nice contributor. for that i would lean more into microsoft than amazon. >> i got you jenny, to you last for a reason you don't have a dog in the f

that is what microsoft and rubrik has focused on.prevention detection, rubrik is coming in for medication -- mitigation. emily: let's talk about the payment part of this. how do you enable customers to get their data back without paying? some of these customers are paying millions of dollars. bipul: it's about how you get your applications back up and running and how you get control of the data. you need your backup to be rock solid. that is a core part of the strategy. how do you prevent the backup from getting infected? and it has not been touched by ransomware, that is the key. it is gathering the availability of data. and it is how our customers will want to pay. emily: microsoft itself has been a target of cyberattacks in recent months. what does microsoft get out of the strategic investment like this? >> rubrik and microsoft have been partners for quite some time. in the year 2018, microsoft announced rubrik was their top partner that year. what has evolved is this notion of zero trust and the concept that more and more people

microsoft came up with the zero trust framework. that is what rubrik and microsoft are focused on.oming into complete the story and help our customers be secure. emily: let's talk about the payment part of it. how do you enable customers to get their data back without paying? some of these customers are paying millions of dollars? bipul: the core issue is, how do you get your applications back up and running? how do you get control of your data? that is why you need to have your backup absolutely rock solid. that is the core part of the strategy, how do you prevent the data from getting infected? the zero trust based tooling, is a backup that cannot be touched by ransomware, is the key to really recovery. it is the combination of guaranteed availability, plus the fast recovery, how customers don't have to pay to get their stuff back from the bad guys. emily: microsoft itself has been a target of cyberattacks in recent months. what does microsoft get out of a strategic investment like this? john: rubrik and microsoft have been partners for quite some time. in 2018, i think it was, m

as competitor, part of the competition practice is based on microsoft teams users. that he's got this underneath the umbrella combined with pathwell, yield softs, all of the original salesforce engines, it really gives him the go to market that's able to go ahead and take on microsoft. i think when all is said and done, it's going to turn out to be a pretty smart acquisition. you think about the integration capabilities he's able to deliver especially in the context of work from anywhere and those trends don't seem to be abating >> this is the first quarter inclusive of slack and you went through the laundry list of the notable acquisition salesforce has made in its recent history i'm wondering how much more leverage there is to be had from these acquisitions that have not been extracted yet >> i think you've seen tremendous momentum in their organization you know, when you start looking t plus 1, t plus 2 quarters after you plug the entire salesforce in and reframe it on the cross and upselling motions across the board and slack is really going to go ahead and prov

s, microsoft, google, oracle, and ibm. originally that contract was offered to only microsoft, and it was challenged in court by amazon, amazon, claiming the president trump had steered the contract away from amazon and to microsoft because of his dislike of jeff bezos. on that note, it is become a 2 horse race between amazon and microsoft when it comes to government cloud computing contracts. microsoft is a long way to go, considering that amazon has been forming government relationships for the past 10 years, which might explain why amazon was awarded this latest contract. there are few details about the program, but a tough intelligence official has previously said that the n. s a plans to move more of its data on to commercial cloud platforms. john sherman acting chief information officer of the department of defense told fed scoop in february of 2020, that the n s. a wanted to move its data from some sites and use vendors for managed cloud services as part of its hybrid compute initiative. but to do so without bidding out the contract, well that could be a problem, which is why m

s, microsoft, google, oracle, and ibm. that 10000000000 dollar contract was challenged by amazon and cord, claiming that president trump had steered that contract away from amazon and to microsoft. on that note, it is become a 2 horse race between amazon and microsoft when it comes to government cloud computing contracts. microsoft has a long way to go, considering that amazon has been forming government relationships for the past 10 years, which might explain why amazon was awarded this latest fact. there are a few details about the program, but a top intelligence official has previously said that the se plans to move more of its data on to commercial cloud platforms. john sherman, the acting chief information officer for the department of defense told fed scoop in february of 2020, that the n s. a wanted to move its data from some sites and use vendors for manage cloud services as part of its hybrid compute initiative. but to do so without bidding out that contract, that could be a problem, which is why microsoft filed a

>> i think microsoft is definitely in the pack here. i think microsoft has become part of the fabric of companies' products, experiences, services. you're seeing companies like amazon and google do the same. salesforce which reported last night, i don't know that i've ever witnessed time where th salesforce for the relevance of that category has been greater than it is today. >> you look at the m&a strategies playing out, salesforce in its latest big m&a went with slack, microsoft is going more vertical into ai and kind of the medical space with its most recent acquisition. that it is pursuing. what makes the most sense and what does it say about what investors should be paying attention to as we try to figure out who is going to have the best results going forward >> it is a great question, jon for salesforce, i think right now it is a question of integration, digestion and pulling the future forward to the present. i think what they're doing with slack is interesting it is an audacious and courageous bet it is the bet of the death of

but to do so without bidding out that contract, that could be a problem, which is why microsoft filed a protest with the government accountability office or the g a o. the federal agency that is tasked with probing government spending decision. microsoft says that the security agency did not issue a thorough and evaluation before issue in this award to amazon. again. they say that the a while in storm. i can't believe we're calling it that. that contract was improperly awarded for boom bus. i'm been one. the world is bracing for impact as china face as a continued outbreak of the coven. 19 delta. various. the country reported 143 new cases on monday, which is just a small fraction of what we're seeing here in the u. s. but still the highest number, beijing has been since january. now do china 0 tolerance policy experts or warning that a mass locked down could hurt the country's growth forecast for the 2nd half of the year. expectations for g d p, have already taken the flight pit following the original outbreak in june. as the chinese government cancels public events and the next trav

without apple and microsoft really contributing. apple up only half a point and microsoft down a percent but we look at a change in leadership tesla and the smetf are both up. joe, what's your take on this and where are you putting your money in this market >> well, i still think, frank, you want to be in mega cap technology and buying back their stock and this is an important point. if you look at the performance year to date for amazon, for tesla and for netflix they're underperforming alphabet, microsoft, apple, facebook what's the difference? the common denominator that are outperforming is that they're buying back a significant amount of shares. $30 billion, up to $90 billion for apple. i believe in apple and i believe in microsoft and i believe in alphabet beyond that within technology there are a lot of quality names. most of those names are represented in semiconductors. the area that i would be concerned is if we are going to see a rise in yields then you will see longer duration assets pause the appreciation they have expe

nobody is investigating microsoft. the government came down on them for that 20 years ago, and since then, the company has kind of warned that the theoretical white hat. it's not like they're putting a gun to your head and making you use word or outlook or excel who needs to when they can slip you a free trial on pretty much every new pc so let's circle back to the only company in the world that's actually larger than microsoft, apple. i'm not here to talk about the apple store they have closed because of covid i'm talking about how apple is able to put through a price increase and nobody cares. they don't even bother one major reason, when you go to buy an iphone, it's the carrier paying for the bulk of it, or if you do it that way, not you. amazing, isn't it, the company and carrier take care of things, which means profitability galore for both the former because you're hostage, microsoft the latter because you love it, apple. it's not just the price in increases of the phone that we're relatively indifferent about.

and there's a few things happening with microsoft one that microsoft was in the penalty box 20 yearsound the regulatory battle in antitrust issues and they learned some lessons there. second i would say microsoft is an incredibly diverse company from the cloud to the corporate software to video games, they're really good in all these areas but there also not necessarily the number one player so there little bit less of a target for the country regulators. finally on the reopening where we talked about microsoft isn't quite directing consumer play it is focused on the enterprise, people go back to work there to benefit as much as they did when people were working from home. >> apple is expected to announce a new iphone next month, are you buying it and what is outlook for apple. >> i think there's going to be near-term noise for apple to because of the reopening but were getting the new iphone in a few weeks and some people think there are going to be that many people buying and there aren't a lot of upgrades, i think i will be buying it and i think investors are under underestimating

it was microsoft just last week. looking for the kind of moves where we see the breakout to the upside i think right now the technology space has incredible room to the upside still all the names apple, facebook, or microsoft wherever you want to look i think there are many, many names out there actually might a look like the pe is high but you have to understand what is the company now versus two years or three years ago different companies and they've got different revenue streams. that's why i think some of the pes are -- they're not as stretched as people think. >> i'll give you had a shoutout. i've been filling in for scott on this program for years now. you've been riding the microsoft train since they rolled out the stupid animated paper clip congratulations on the great microsoft call clippy. let's put action on all the talk more team moves. stephanie limping beginning with you. you sold out of one name bought another. you added also emerson not a name we talk about a lot >> no, i know. union pacific i sold k

microsoft says the flaw has been fixed and there's no evidence that it was exploited. company whose software runs most of the world's computers is in frequent target of cyber criminals. >>> peloton is cutting the price of its entry-level bike by $400 to just under $1500. the company is also lowering how much it costs to finance the machine by $10 a month, so now it will be $39 as a payment. what isn't changing is the cost of a peloton membership, about $40 a month. that announcement after peloton reported a bigger than expected quarterly loss. the company was a big beneficiary of the pandemic struggling at times to keep up with demand for people who couldn't go to the gym to workout, but looks like they've pulled forward a lot of those orders and now are basically cutting prices to try to beef up the demand. guys, in the market. good time to buy. >> yeah. i'm not. >> i would do it. i think -- >> i could see you doing that. >> yeah. >> i hate bike riding on the stationary bike. >> you do? >> hate it. >> it's supposed to be really motivation although. we could be on the

one is the technology and internet industry represented by apple and google and microsoft and on the other hand the financial services industry represented by jamie dimon and brian moynihan that intersection tells me this is a financial services issue as well as -- and a risk to them as well as a risk to the internet and equipment providers. >> reporter: financial services has by many accounts the most to lose in terms of cyber security because you're dealing in digital accounts and the idea of hackers getting into banks, deleting accounts, that's just a nightmare for the banks. anecdotally we talked to cyber security the banks have among the best cyber security professionals anywhere in the world. in thaerms of the output, i don want to jinx them or try to get hackers to try the back door they know what's at risk they've been dealing with bank robbers for generations if not forever. and they know what they need to do and by all accounts they've been doing a pretty good job at it we'll see if they can add value today. >> eamon javers will be following this for us for much of the day

the reality is, the with the solarwinds attack, the attack on microsoft, and the attacks on critical infrastructure at jbs and gas pipelines in the u.s., we have seen a dramatic shift in temperature and understanding of the threat of cyber and cyberattacks on the u.s.. i don't think it had really captured the imagination of the public or the white house in years past. taylor: what about, like the colonial pipeline, perhaps demanding that you spend x percent of revenue on cybersecurity issues to make she -- to make sure you are up to date? >> for a lot of companies, they have been doing some of this. what it really does is move the needle for some of the smaller companies, especially in the energy sector. it forces them to reassess how they are spending. for years, the calculus for them has been, is the spending on new infrastructure worth it, or is the cost-benefit simply still leaning toward dealing with the cyberattacks when they happen and the cost of doing them? with greater attention on the cost of recovery going up, these guidelines will likely be welcomed as a necessary change

. >> look at microsoft who doesn't own microsoft at this point talking about a $2.28 billion market value just so well owned, yet here we are. by the way, we mentioned this many times the reception of the marketplace to what were incredible earnings the likes of which we've ever seen in terms of top-line growth for companies this old, so to speak, yet they've sort of played catch-up in a way in terms of at least rewarding those quarters >> they are really viewed as kind of all-weather, as opposed to, let me capture this exciting new story called microsoft there has been a growth scare. if you look how the market has operated treasury yields came down. inflation expectations moderated. the cyclical stocks all had corrections from june into this month. so there has been a growth scare. it just hasn't been enough to drag down the entire index, because of those other stocks. so, you know, would you have to say it's almost kind of healthier, at least lucky, that it's gone that way that the market is constructed in this way, because why-what would cause broad-based selling pressure credit marke

microsoft hit another new high today. $291.55 is a 52-week high for microsoft. parts of technology can continue to work. even with rates going up the nasdaq is the only of the three majors in the green at this very moment and at the same time, i've got morgan stanley -- morgan stanley is 100 bucks as well morgan stanley's mike wilson says the strong jobs report puts the equity valuations on notice. so are we going to contend with that issue perhaps however, the market has been able to absorb almost anything that's hit it with a little pullback a rolling correction not the big one, if you want to call it that mike santoli is with us. senior markets reporter. commentator. whatever your title is welcome. good to see you p. >> i answer to them all. >> but you're looking at that. this push/pull and the ability of the market to withstand a lot. >> it's not that this market hasn't had corrections it just had these asynchronous corrections. they've had their pullbacks, just not at the same time. it's come off as this very harmonious rotation that's had the s&p up 18% th

only microsoft and apple better on the session that does it for us. "techcheck" starts right now. >>> good wednesday morning welcome to atlan"techcheck." i'm carl quintanilla with jon fortt and deirdre bosa coinbase's first outside investor cfo on a big cloud deal. plus earnings exclusives with ceos of fubotv and docks imty. and merging with a vast plc. de >> start off, carl, with coinbase, of course. shares of the crypto exchange seeing a boost as the company reports strong second quarter earnings second as a public company $1.6 billion in net profit and nearly 4900% boost from the month earlier. trading volume seeing double digit gains from the months in the year and could it scare off future investors? a question coinbase expects trading volume lower in the third quarter good reason. 95% of coinbase's second quarter revenue came from transactions coinbase countering, used to volatility, embrace the volatility why wouldn't they, guys? especially if it means more transand and volume? sticking out to me, institutional volume greater than 50% growth, r

we all like microsoft. that's at its high the piece that frankly concerned me about app store, but otherwise not. we know -- let's address krinsky head on on the semis the semis that are weaker are apple-like semis i understand the cross-current. >> like what skyworks >> sky works i come back and say, let's just understand, these companies are the stalwarts. yes, i wish amazon was going up but amazon is viewed as not a good opening trade you have good leadership and i think that chart you put up that shows caterpillar as the one that's been falling and the winners, that's it i think that is the market let me throw in a wrinkle. i know stephanie will have something to say about this. we have seen a rerating of the dwrug stocks a lot of people thought that was slowdown i'm beginning to feel it's democrats not having any strength to rein in price increases. we're seeing the drug stocks break out and it is not, stephanie, pricing in a slowdown it's a group that's lagged the stock market for a long time. >> step

apple, microsoft, alphabet, microsoft up and facebook slightly down. amazon in particular as they just opened a one and a half billion dollar air hub in kentucky ticket jeff bezos is that it create 2000 jobs, speed up delivery and amazon appears to have won a 10 billion-dollar contract from the nsa. that's a big deal. amazon is up 3328. a look at coinbase, please. a solid again up 6%, 287, coinbase moderna has been on a tear lately. bank of america not buying that tear. susan: in fact they are saying it's ridiculous at $443 according to analysts. a lot of people would say yes because they expect the stock to drop about 75%, $300 and set of $4 but ice would say there are fundamentals driving the stock. it's proven to be twice as effective against the delta variant compared to pfizer. stuart: is it? susan: what did you get. stuart: that's why pfizer is in the low 40s and moderna went to the moon. susan: motor and is now included in the s&p 500. stuart: ww international. you don't know them? i do, formally known as weight watchers, tumbling big time, 24%

emily: president biden sits down with the ceo's of apple, amazon, alphabet, microsoft, and more, to talk about improving cybersecurity after a spike in attacks over the last years. we will bring you the latest. plus, uber, lyft, and doordash are all up, despite a big blow. the controversial ruling on prop 22 will be overturned. joining before and extended conversation, which he calls more of a casino than a trading app. bird scooters hitting the streets and the public markets. our conversation with their ceo to talk about expanding into bikes. first, let's get a look at the markets with kriti gupta. kriti: yet another record high for the s&p 500. that makes 50 record highs so far this year. i keep saying record highs to make sure our nerves -- our audience understands this is a crazy year. this chart is showing, every blue line is a day the s&p 500 once again hit a new high. i want to show you what it did intraday today. it really only drifted marginally higher. no major movement. tech was the major performer. it didn't lead the benchmark to record highs. money going into -- coming out o

and that seems to be what microsoft is talking about here. so safe bet she knew what was coming in terms of that headline in terms of the government, president biden said this in the east room just now he said, i spoke to vladimir putin at our summit in geneva and put him on notice that they need to do something to turn the tide on this as well biden saying in the east room today, he believes the russian government knows who these hackers are and where they are and he expects the russian government to do something about it now we'll see if vladimir putin feels any incentive to respond to that at all over the remainder of the year. but certainly russian hackers have been active since that summit and there is some frustration on the side of the businesses who say, wait a second, we're up against state level intelligence agencies here and their offshoots criminally we just can't compete with this. the government needs to help us out here there's frustration on both sides. the government sees it as the private sector's responsibility and thinks s

they're saying the upcoming office software suite price hike could be a $5 billion windfall microsoftp 36% this year. unlike zoom, which has taken a breather, had a much sharper 2020, long term processes for microsoft seem to look pretty good >> there's no question it's so funny how this is -- the 1990s wun of premier technology companies in the world and it just kind of fell down in a significant way. but, boy, what a comeback under the new management it's done incredibly well. it's an incredibly well-run company. and i love what the -- the way that street analysis has been really pumping the stock the problem is there's a difference between a good company and a good stock microsoft right now it is the most overbought. it's been looking at the side chart, it's getting back very close to the level it saw back in 2000, in early 2020 it's also at over 90% premium to it's 200-week moving average and again that's the same it was right before it sold off early 2020 so, again i love the company i like the stock longer term i just think i wouldn't be chasing it up here and i'm not saying you

apple, amazon, microsoft and facebook were shorts some of these things were overvalued i wrote a piecen early 2000 going into the tech bubble in march saying they would lose money in 15 years and it would have nothing to do with the start of business. they were doing a 38% profit margin because price matters if today's investors do not have the orientation would go back and look at that, you'd see a nasty out come best case scenario you can't value that based on earnings if you presume those would scale up assume a 30% profit margin you get to a mediocre, good return you trade at 20% margin at 30 times earnings and you are looking at a midsingle digit return kathy mentioned there is good little use investing in r&d and growth. in the front end, so 10 years on, today's share holders will lose 25% of their capital position very expensive it tends to get ignored. when kathy butt out the piece on tesla in the spring with $3,000 her share of target. there is just no way to get there. in terms of insurance operations to suggest a business in underwriting insurance which they don't do will be

the summit included officials from google, amazon, apple, microsoft, ibm, and a v p. and the week of a slew of cyber hacks over the last year bite and called on the companies to play a role in putting a stop to future attacks. but the reality is most of our critical infrastructure own and operate is owned and operated by the private sector in the federal government can't meet this challenge alone. so i've invited you all here today because you have the power, the capacity and the responsibility, i believe, to raise the bar on cyber security. and so ultimately got a lot of work to do. so what exactly does that work consist up? well, joining us now to go further in depth on a co host, an investigative journalist swan now ben, this meeting was meant to pull together leaders not only from big tech, but also from the financial sector. so what is the overall goal here? yeah, it's actually kind of amongst long goal it's been going on for several months for the by the administration has been trying to put together key players in as you mentioned, the cybersecurity space, but

of our colleagues that says stu's beloved microsoft.very other day. stuart: charlie brady is the guy who's always referred to it as my beloved microsoft. well, yeah. i amarather keen, very fond of this company, got that tell you. let's look at disney. now, we got the blockbuster earnings report, we told you all about that. but they head this call with the -- held this call with the with the analysts. anything new? >> they're experimenting with new and different ways to release movies to pack a bigger punch. so "black widow" was simultaneous in theaters and on disney plus. they have a new movie coming out that's going to be exclusively in theaters for 45 days? if why -- why? on the call bob iger's name was mentioned and they discussed this maybe to give him some cover because they're being very experimental right now, and disney's transforming the industry which is being transformed by covid. stuart: so they get 45 days in the theater, just one movie, then they can put it on the streaming service. >> right. whereas "black widow" was simu

microsoft $305 a share. minuscule. i am happy.you predict the s&p to finish this year? do you care to hit 5000? do you care for it 4900? wells fargo raise the production by 7%, 4800, at least by the end of 2021? stuart: i like to hear these productions the market will keep on going up. let's move on to the vaccinemakers. where are they this morning? on down. the fda gave approval to pfizer's vaccines and a lot of sectors of the economy, airlines, cruise lines, that has got to be -- reopening trade. >> did it surprise you the reaction was striking after the news came out yesterday around 10:00 am? you knew it was going to happen friday so why all of a sudden did we see the spy, uber and lift came back because of the prop 22 being ruled unconstitutional and finishing decision to present each, the airlines, the americans, deltas and united and cruise lines continuing the rally so the market dynamics are funny, every newspaper knew this was going to happen, full fda approval heading into the monday session. i want to ask about the tap

with microsoft.ic. who else is on the list? prominent names, nasdaq winners. here is where we should see big tech. nvidia is up there, ebay is on the list and humana. lordstown motors up slightly. did the share healthier -- shareholder meeting last 10 minutes? lauren: about two minutes of silence and 3 minutes from the chairwoman and that is when the news came that their endurance, their electric pickup, they will begin production in september. regulatory approval likely this winter. stuart: that is not to give $0.12. lauren: so many setbacks, all the regular tory probes, lying to investors multiplying statements. stuart: strong words, cheer up, it is friday, that means friday feedback. we are still open for business, still taking in emails. send them to us, varneyviewers@foxbusiness.com. talking mandates, governor ron to santos says rejecting them is why florida tourism is booming. on the opposite side california expanding vaccination proof for more indoor events, not allowed to make your own decisi

but microsoft says your cloud business is fighting to take market share from amazon web services >>>gulators reportingly investigating deutsche bank's asset management arm "the wall street journal" notes the probe comes as the firm's former head of sustainability said the division overstated how much it used sustainable criteria to manage assets. and south korea the first to hike interest rates in the pandemicer rachlt the 25 basis point increase was expected. stay tuned you're watching worldwide exchange right here on cnbc. r b. but even i'm not as memorable as eating turkey hill chocolate chip cookie dough creamy premium ice cream and chasing fireflies. don't worry about me. i'm fine. you can't beat turkey hill memories. >>> welcome back to "worldwide exchange." a live look at times square. this area getting more lively as we go. delta variant concerns slowing some of the reopening. but seeing more and more people in new york city time now for your big money movers stock one that is up, snowflake. that stock up almost 2.5%. the cloud data software company reporting better than expe

microsoft the biggest contributor along with home do poe, salesforce and goldman sachs.ns we saw earlier in the session. every sector closed higher today. staples the underperformer, but not for the week it was kind of a reversal the nasdaq the big winner on the day, thanks to strength in technology microsoft was the big winner, nvidia had a very big day. up another 5% today. apple strong, google, facebook, tesla after its a.i. night t. russell getting some love finally after a very down week, russell ending up. still for the week it is down, the most out of all the major averages, down 2.5% for the week 23509 locfootlocker, up 7.25%, coming up, the retailer's ceo will discuss the outlook for its key relationships. >>> first up on the market, shannon, and victoria fernandez are still with us. and we'll start with you joining the conversation we ended the week on a high note, but otherwise it was a down week. where does this leave us, in terms of sentiment and how ear feeling going into the end of the summer >> we have been saying for a while this will be a choppy ma mark

last year and, yes, a work from home darling, but now it finds itself competing with titans like microsoft and salesforce, a number of well funded startups on the other julia, i think this is a story that we're seeing play out again and again. zoom, of course, competing with teams and others, they talked about zoom phones, ring central also public is in there as well. we could talk about peloton cutting bike prices as demand wains post pandemic and robinhood, coin base up against paypal and square. it is not going to be easy from here >> yeah, i think what you're describing, jon, is the rise of the disrupter and the disrupter facing challenges from the incumbent, those companies like microsoft with teams and google with google meetings so i think what we're going to see now is this battle between the slowing growth of the disrupters, the rising growth in the lack of churn among the incumbents what was most interesting about the zoom numbers is the fact they saw the most churn in the smallest businesses, ten people or less, individuals who are saying i'm out and about more, i don't want to

microsoft is in another category.companies right now at super high multiples. i'm not saying they will not work out in the long run. i just feel like you can have a margin of safety and get great returns that microsoft and our other portfolios look like. so we don't have laggards. you're not sitting around waiting to go off. everything has momentum but it is a garp process, growth at a reasonable price. not growth hat a hopeful price. too much hope right now will get you into trouble if any liquidity dries up. liz: jordan kimmel. jordan and i go way, way back. we've seen many a record close. many a dumper of a session. looks like today, three records in a row. s&p 500, there we go. it is a gain of six but we do have to maybe just put the caveat in there that we are not exactly sure because this could settle too lows close to call. [closing bell rings] it is a record for s&p 500. disney earnings after the bell. same for airbnb. we have wheels up tomorrow. don't go away. ♪. larry: hello, everyone, welcome back to "kudlo

done in microsoft japan and iceland.uced the hours. in scandinavian countries they work a 37.5 hour workweek. it is a different conversation for hourly workers, but it is a debate i want to start. i want to see us moving the entire country to a 32 hour workweek, not just certain sectors of the workforce. emily: it sounds great for a lot of people, but i am sure you have business leaders that say this will hurt productivity. what is your response? rep. takano: that is why i am interested in the pilots that are happening. particularly in the tech space, where the reduction in the workweek has shown there have been some benefits for employers as well. employers have less overhead if they are open only four days out of five. they have a utter, more -- better, more motivated workforce. they may save on medical claims because workers are less stressed and better able to attend to their health. workers find they are paying less for childcare because it is one day less a week they are paying for childcare. there are ways in whic

microsoft is up 1.2%. that is a rally. quick reminder before we go.rp at 9:00 tomorrow morning. interesting insights where we go from here on a day when america finally leaves afghanistan. neil cavuto, sir. it is yours. neil: all right, stuart, thank you, very, very much looking forward to that. meantime we're all over the storms that are developing all and you the world. obviously in afghanistan, the fallout from hurricane now, tropical storm ida, how it will impact the oil markets, the energy market, the stock market. so far so good at least when it comes to market reaction to all the developments. we have you covered with grady trimble and casey stegall, jennifer griffin, edward lawrence. let's first go to casey stiegel in baton rouge on the fallout from now a tro

mÁs grande del mundo que su base de datos pudo estar expuesto a piratas cibernÉticos, microsoft por de cuentas como se hace actual, por eso algoritmo se parecerÍa a otro. >>> a pesar que empleados de tecnolÓgicas continÚan trabajando de forma remota, dichas compaÑÍas estÁn contratando mÁs personal. por ejemplo, en el Área de san josÉ. aumentÓ su nÓmina un 13 %, san francisco un 4 %. en otras ciudades como en denver, contrataron un 17 % mÁs de trabajadores. en richmond virginia un 24 %. >>> y el fundador de tesla lleÓo a texas con ideas dice Él innovodoras, marta alicia nos cuenta de la mÁs reciente propuesta. >>> buenas tardes. es que restrinjo ieron el paso porque proponen una soluciÓn multimillonaria. >>> un tÚnel es la propuesta para no estro peor el paso de los turistas a la playa. >>> serÍa un poco difÍcil tomando la distancia que mucho entre la playa de boca chica y isla blanca y. >>> la distancia y el canal marÍtimo por donde transitan los buques de carga pesada y es algo que estamos considerando, pero nosotros no tenemos los fondos para este tipo del proyectos. >>> luego de

tune in saturday august 21st at 8/7 central >>> back now with microsoft founder responding to questions about his divorce. workplace scandal and ties to sex offender jeffrey epstein. >> this morning, bill gates is speaking out for the first time about his divorce. >> it's a very sad milestone. >> the microsoft founder worth $150 billion. >> we are communicating and working at the foundation. that partnership will continue. >> the divorce final tuesday. they announce ld the split in may. after 27 years. gates resigned from the board in 2020 after the board hired a law firm to investigate a romantic relationship he had with an employee. a gates spokesperson acknowledged the affair 20 years ago ended. allegations surfaced about an uncomfortable workplace environment. >> it's a time of reflection and -- at this point i need to go forward. my work is very important to me. >> gates also questioned about his relationship with sex offender jeffrey epstein. gates saying he met with him only because of his charity work. >> i had several dinners with him. hoping that what he said about getting bil

microsoft eclipsed the threshold in june 2021.is more than the gdp of countries like south korea, russia, canada, and brazil. the year of the pandemic only boosted profits across u.s. big tech, as more people communicated, shopped, watched, worked, and searched all online. but in the background, there is a drumbeat for more regulation of these tech giants with unparalleled market power.

we know the roll that microsoft has been on. >> yeah, i wish i could do that sound effect when marion he shrinks, but nintendo is focused on game play and they know how to come back. >> i still play switch all the time. >> my kids do too. charlie sheen and ashton kutcher, pam's mom on "the office," sometimes you need a fill-in and that's what the government is saying to intel. they're looking to buy a super computer containing nvidia as a place holder as they wait on one from intel and the intel machine touted as the fastest computer when it was announced in 2019 is going to eventually find a home in chicago. it isn't supposed to be a replacement, but an understudy see, i don't know how you find the time with all of the reporting that you do and the humans that you take care of to play switch, but you can - >> yeah. did i just accidentally reveal i still play the switch, it's true but i have kids to play it so there you go. and producers too. i will say, on this very show, that still play the switch. >> i'm glad you're steeped in the beat overall, we're continuing to watch this marke