david: when you sold the company to microsoft, you went on the board of microsoft.ft was a technology company that came out of nowhere, became a dominant software company. many people thought it would go south as it was getting older and older, but transformed itself when satya nadella became ceo. were you shocked and surprised at how the company has become one of the most valuable companies in the world again? reid: no. for a number of reasons. microsoft has always had an enormous amount of talent throughout the whole company. the technology depth at microsoft has actually created a whole range of products not just on the commercial side, but also microsoft research. so there is always this raw amount of talent. obviously having some key franchises like office and windows and being willing to be bold in the creation of xbox and the gaming franchise. now, that being said, the thing that satya brought back with vigor to the company was a focus on earning the ability to build the next generation of products, starting with azure, but also transforming across the compan

but if somebody asks me what's the difference of microsoft, it is microsoft cloud, all the way from business applications to teams and microsoft 365 to azure and everything in between. >> yeah, and doing all of that, again, in a hybrid environment that's where, ryan, i want to bring you in linkedin is turning on a new feature that is going to let companies and individuals signal how they're looking to work, remote, hybrid, all in person or on premise i take it you tested this probably so do you have any sense of how much this is going to reduce friction in matching job candidates or increase satisfaction what impact this might have on the overall recruiting environment. >> yeah, jon, in taking a step back, what we're seeing across the world, any ceo, executive team now is having a conversation about what their company looks like moving forward. do we work remotely, hybrid, in person what they're doing is rethinking their company's culture and values on the flip side, you have hundreds of millions of employees that have worked differently the past 18 months who are also trying to rethink how

david: when you sold the company to microsoft, you went on the board of microsoft. let me ask you.rosoft was a company that came out of nowhere, became a dominant software company. many thought it would go south as it was becoming older. it transformed itself with a new ceo. were you shocked and surprised at how the company has become one of the most valuable in the world again? reid: no, for a number of reasons. one is microsoft has always had an enormous amount of talent. it has actually created a whole range of products not just on the commercial side but also microsoft research, so there's this raw amount of talent and obviously having some key franchises like office and windows and other types of things and being willing to be bold, the creation of the xbox, gaming franchises. that being said, i think what the ceo brought back with vigor to the company was the focus on earning the ability to build the next generation of products, starting with his own background at azure, but also across the company, a we are only one company in this universe and we are doing our absolute best

google, microsoft, same thing. but be prepared for the reopening trade to take over in a few weeks. >> speaking of those faang name, over to dom with a news alert on apple. >> california streaming, frank that is the invitation that just went out from apple announcing its september 14th, septembe 14th event for the media at which it's widely expected it will introduce new iphone models possibly the iphone 13 as well as perhaps the speculation is, perhaps, new air pod models as well also checking what's happening, apple watch models remember apple trading at all-time highs so far in trading today. september 14th, 10:00 a.m., pacific daylight time. watch on apple.com broadcasting from apple park this has gone out. we usually see this event happen in september where the iphones are announced. last year because of covid, it happened in october. all of this supposedly there to help prepare everybody for all of those products that will be launched possibly in time for the holiday shopping season, so keep an eye on those a

i hold on to microsoft on the news and certainly buy microsoft every time we have a dip in the nasdaqdend 10% to 11% every year for the last 12 years. the $60 billion buyback, they have $130 billion ofcash so this is a quality company with loads of cash they are increasing shareholder value. increasing eps and paying out some cash to the market. i also think that microsoft is looking to do in the future is super interesting. they are making huge investments in the cloud and cybersecurity and artificial intelligence. so they are adapting with the times. innovation and disruption. it's a great, solid company. when we think about what might happen to the market, companies like microsoft and apple, amazon that are flooded with cash are very likely to survive, even if some of the returns pull back percentagewise a little bit. >> just going to say, in terms of the buyback, it's eye catching you have alphabet up in a similar level in terms of the total size of the authorization. but $60 billion with microsoft less than 3% of the share. it's not all going to be in one year it's going to be ov

blockbuster news from microsoft, yes, i do own some microsoft shares. they will raise dividend and buyback up to $60 billion worth of their own stock. the left hates buybacks but investors love them. microsoft is up big this morning. 1.3%, $4 a share. going the other way, gaming stocks, the chinese communist party reportedly wants to have officials inside macao's gaming company. a gambling center. xi jinping wants to control the money going to casinos. mgm on the downside. wall street, looking a little shaky again. big drop for stocks yesterday. the sixth pullback in the last 7 sessions. you're looking at the yield on the ten-year treasury, down 1.28%. now look at stock futures, dow industrials, s&p, the nasdaq, they will be up just a little. not much actually compared to yesterday's big selling. by the way, yesterday for the sixth time in 7 sessions, stocks went down. the cryptos this morning, slightly higher. bitcoin up 473. next away from the markets for a moment. president biden's approval rating have dropped to 42%. he's under water on foreign poli

and linkedin earliy eae ceos of microsoft and linkedin el earle, don't miss the ceos of microsoft and linkedin jerry is here! j! mate, how are ya!? it's so good to see you. good to see all of you, yeah! why is jerry so... popular? it's been like this ever since we started using workday. what do you mean? it makes it easier to develop great relationships with our suppliers. now everyone, everywhere loves jerry. they sure do. they do. they really do. mmhmm. workday. finance, hr, planning and spend management for a changing world. (vo) this is more than just a building. fit's an ai-poweredng investment firm with billion-dollar views. a cutting-edge data-security enterprise. yes, with a slide. a perfect location for the world's first one-hour delivery. an inspiration for the next workout cult. and enough space for a pecan-based nutrition bar empire. it could happen. because there's space for any dream on loopnet. the most popular place to find a space. >>> tonight at 6:00 p.m. eastern, back to business. labor day has come and gone. americans are coming back from vacations. kids are going

microsoft edge is the best browser even oh on a mac right now. i'm saying that. good job, check it out but, again, are there business prospect, 37% better than a year ago? is the cloud business which they just talked about on tech check and all the margins that may be compressing? it's not commodity advertised they would hate that word. but there certainly is a heck of a lot of competition do you ever think about selling microsoft? >> no, i don't think you could sell microsoft at this point or any of the megacap technology names because the weighting is too large in the indexes overall. so you are removing a position that ultimately makes you short that name if you're out of it. i think what's important to understand is the significant buyback that all the companies have embarked upon over the last couple years in the case of alphabet in the prior year they increased their buyback over 70% year on year. $30 billion was bought back in 2020 that's a unique circumstance forful abt they are increasing that to $50 billion in this year in the recent quarter their reven

operations to microsoft?y, september 18, 2020 in a move horrifying gen-z, the commerce department actually bans tiktok. apple and google remove it from their app stores traffic plunges. the company is in crisis mode. so what if tiktok parent byte dance in talks with microsoft immediately agross to sell kevin mayer, worried of being a lieutenant again after his clashes with disney still resigns. what if satya nadella and jeff weiner runs tiktok instead would tiktok grow faster, capturing market share does microsoft hit a $2 trillion market cap for context we're talking billions of new dollars. the ad revenue totalled more than $84 billion and what if the deal faces little antitrust pushback. across the globe, beijing angry over losing one of its hottest internet properties begins its tech crackdown a year earlier scuttling the didi ipo before it happens instead of after with trillions up for grabs, it's important to ask what if? >> forcing us to ponder. carl, we are the watchers at the moment i worked with the

microsoft, apple these are the best in the world. believe over the next three to five years, they'll continue to perform it >> they are still an asset and still beholden to global economic swings. at what point do those become things you have to process in your decision. >> constantly. evaluating testing and retesting. these underlying technologies right now in artificial intelligence quantum computing is maybe five years out. these companies are recruiting the best in the world in terms of talent. is when i'm computing, i'm talking about coupling >> which companies could be the next faang stocks as well as the threats to the current tech giants. >> the dedoubling i expect to continue for a number of years the areas of intense cooperation is vaccine development, biotech the huge difference for patients and doctors there are areas where it would be really terrific to find ways to cooperate i understand for a couple of years, it will continue to be decoupled quite significantly. >> you are talking about significant decoupling talking a

now los angeles clippers owner and former microsoft ceo steve ballmer has a new obsession.en. >> i'm not ashamed to admit that i've become obsessive about toilets. toilets, toilets, toilets. >> almost got going at the clippers' new arena very pumped up about the development of the new toilet system which bill gates has also talked about in the past the need for that kind of clean water. >> he almost got flushed there he's always had that attitude, number two is never good enough. i must say this goal here is for one toilet for every 27 fans, julia. i think that's going to be very popular with women, in particular >> i don't know, john. i think that your number of toilet puns here is a little much for me, but i think this is all about getting people back to live events and i can pivot it back to the live event, and sporting, vents and nobody likes to wait in line, carl. >> by the way, guys, we're hanging on to gains close to session price and anything above 44.37 and we'll find out if that's resistance or support tonight it will be costco, vail resorts and nike let's get to

in computer systems. >> why doesn't microsoft get better they have unlimited fire power >> hey, lookcrosoft is a fine company they're a big company and they'll always be successful in my book, but i think our customers are looking for a very focused effort in terms of working across multi-operating systems, mac, linux, things of that nature. having systems that reduces cost, cuts complexity. >> why should i have crowdstrike and i should do on prem to cloud? >> i would saycan you buy the on prem version of salesforce? there's a difference between cloud native technology and one that works on prem we started as a cloud native platform just like salesforce. it's the power of crowd in crowdstrike. the massive amount of data we see, the telemetry having an on prem version is not scaleable and hinders your ability to advance the product and protect customers. we like our model. it seems to be working pretty well from what i've seen and that's the path forward that we're going to continue on. >> some companies should continue to be pandemic, some prepandemic, some post pandemic. where does

microsoft up just over 1% of the pre-market we'll have more on microsoft a bit later on this morning. >>> let's go now around the world. the asian markets closing lower across the board in fact, hong kong down nearly 2% chinese retail sales coming in at 2.5% in august, well below 7% estimate and in europe it is mixed, too well, mostly lower u.k. inflation hitting the tape this morning up 3.2%. biggest jump on record seems inflation is not just here, it is, indeed, a global phenomenon all right. let's get back now to china in a moment and the major developing story happening now. $14 billion in market value wiped out overnight. trading in asia and macao casinos coming under heavy selling pressure las vegas sands china and wynn macao seeing their steepest single day drops on record galaxy entertainment seeing its single biggest day drop in a decade look at that, down 32, 28, 20% these are huge moves overnight for major companies. eunice yoon joining us from beijing. look at the crackdown on the casinos. eunice >> reporter: thanks, brian macao authorities are reviewing the house rules of

let me go to microsoft.s last night. >> when you see a company going to spend $60 billion to to back stokes i'm all in. don't get me wrong the stock is up 40%. long term price to earnings average, look at 38 times, historically been 24. the stock is not inexpensive. got a company making a third of revenue from the cloud computing sector it is the best cloud computing sector, safety, security, not to mention combine with suite office products. number one name in the space, no doubt built. increased dividend by 11%. add to it the huge buyback program. the stock is up 10 to 15% on the upside. long-term hold. hold it, leave it there, give it to your grandkids. liz: phil, we have 20 seconds. does this bode well as we head into a fed meeting where we get the big announcement? >> take the other side. no, i don't think. prepare yourself, five to 10% correction in the books between inflation, the fed, a tax plan that could really be draconian. i wouldn't be surprised we sell off five to 10%. on the other side is a gr

microsoft out with a $60 billion buyback. in the context of its market cap, that is not a big one, but maybe that bails out the 50 day moving average for this s&p. tom: amazon is hiring more people than god. i looked at the warehouse yesterday, the median income in allentown, they are going in median wage. jonathan: yields in a basis point. euro-dollar stronger, $1.1824, advancing a couple of tenths of 1%. lisa: 8:30 a.m., the first read on september activity, september empire manufacturing survey coming out yet expect to continue to slow down -- coming up. expect it to continue to slow down. they have been able to charge pretty significant prices, even as their import prices have somewhat slowed down in terms of the pace of increases. meanwhile, at 10:30 a.m., we get eia crude oil inventory imports. the reason i find this interesting is because we have seen direct correlation to how much oil prices have risen their , now the highest going back to early august, with inventories getting depleted. is it simply a supply story if

>> naturally, comfort in scale microsoft is an exceptional and large company and we certainly expecthey will continue to perform well why we did include in our new economy basket ahead however, hypergrowth over time will be rewarded and you see this from emerging companies mind you, these are companies in the billions, multihundred billion dollar range companies like paypal, you mentioned in the prior statement as well as shop phis, adobe, twilios of the world for folks wanting growth and people that want out performance, when you look at that basket growing on average almost 40% year over year generating positive recash flow, you can absolutely see out performance there that can pull away from the industry leaders and large incumbents including the folks like microsoft and amazon. >> byron, this basket of cloud stock has so many different verticals and so many different types of companies included be it applications or infrastructure which is the category or variety that you think shows most promise right now? >> we do look at it in terms of vertical slices. if you think of it as ap

this is probably in my opinion the most important company in the country right now, is microsoft. out of time, before we go, we want to get to some of the tickers that you guys out there want answers on we have a lot of questions about these. first one, ford. jeff mills, what do you say? >> yeah, ford, i like it we talked about evs earlier. they have a lot of exposure there. pulled back, holding its support. i like owner ford at this price. >> next quick trade here, apple. guy, what do you say about apple? >> listen, everybodyloves it, get it jim says to own it, don't trade it i understand that as well. over the last 3 1/2, 4 years you have seen four 25% to 30% peak to trough declines i think that court ruling is a bigger deal than people are making it out to be, so i think you could see it lower when i say lower, not $115 lower, but you could see $138 lower. >> i think apple is one of these companies that obviously they're firing on all cylinders operationally, but the valuation here, it essentially is the market, but these are the kinds of levels where i would typically turn a b

and microsoft announces that massive dividend hike.ow that compares to its other big tech cares and how to play it later on, a major milestone for elon musk in spacex, morgan just saying live at the kennedy space center this hour. julia? >> let's start with apple. investors continue to digest its product announcements. the headliner, iphone 13 improved battery display a new ipad, faster processing speeds and ultrawide front-facing camera along the new range of apple fitness features with the apple watch series 7 no word on new mac books, airbods, new apple tv. investors seem to weigh how these products announcements could be playing out the stock is under pressure this morning, following announcements and again now down about .6% so, jon, how meaningful is it they did not hike prices on the iphones? >> i think really meaningful, julia. i think probably a lot of investors who maybe aren't zeroed in on the most important things about this announcement i would focus really on the iphone really, this is the first time, i think, that the ip

microsoft tends to trade on its own schedule so there are even other companies -- i think you have to ha make -- if you make up the portfolio of the other companies as well, they'll be less correlated to the market and operating on their own fundamentals there are always places to put your money i don't subscribe to the school if microsoft ab, amazon doesn't perform then the market doesn't perform they may stitt there but the stocks perform >> why not your view may work in normal times. but not with a rolling correction beneath the surface if you those have those principle stocks keeping from you correction but you've had a correction below the surface of what you are speaking about, if those stocks break down, what holds you up >> what holds you up is that in terms of the market nothing is going to hold you up in terms of the market because it's such a big part of the indices. but what it holds up is the portfolio which i'm more concerned about. >> you're agreeing with something you just disagreed with if apple and microsoft and the big five, the fang plus if they break down in the c

the nasdaq jumped 123, and the s&p 500 added 37. >>> microsoft is ditching passwords.any said users now have the option to log in without a password. instead people can access their personal accounts through several options including a security app where you can use a biometric fingerprint scan. the feature has been available for corporate accounts since march. microsoft says there are roughly 18 billion attacks on passwords every year. >>> they are the best of the best. 12 nominees have been announced for the 2021 national toy hall of fame. they include cabbage patch kids, american girl dolls, battleship, risk and the fisher-price corn popper. three will be inducted in november. you can vote for your favorite on line in the player's choice ballot that closes next wednesday. >>> winnie the pooh fans can live like pooh at least for one night. disney local that appointed illustrator is hosting this bear bnb. it's in the original 100 acre wood in england. it's built with exposed tree branches, and inside the shelves are stocked full of honey pots. the host is offering two

. >> serat, your quick point of view considering you own apple, facebook, alphabet, amazon, microsoft, netflix forgive me shannon owns all those look at all of my notes messed up serat owns apple, facebook, microsoft, also. i guess i was right after all. bail me out. >> right you know, i think we have to wait and see on this one i mean, the stock market kind of reacted a little negatively to say, hey now there will be a little uncertainty on this high margin business i do think apple has so many quivers to go with and over time probably have a lot of things coming up that are just going to defuse this. so short term, some volatility, some uncertainty i think the larger scale what apple has i think will be much stronger than this potential lawsuit. >> all right we'll continue to follow the story. josh lipton thanks for popping on and giving us much needed perspective as well and reporting from your side of things that is josh lipton there. let's move past the financials conversation, guys, that we started with and sort of pivot to the other side of it because i think it plays off of wh

microsoft up, i believe, let's see, almost 1.5% this morning as that news happens, carl. >> yep microsofte 300 on monday when it fell as low as 289 but recovering well above levels from monday and monday's high even. much of the market is. interesting, guys, as we keep our eye on some of these photos rolling in at the surface but, julia, we talk about hardware. this is a big week for it. even as today goldman, for example, named some top ideas on semis because of the crunch john was just talking about >> yes, certainly the semi conductor crunch is going to be the cloud overhanging potentially the whole, the whole hardware business this holiday season but i also want to point out something we haven't talked about which is that facebook unveiled some new portal devices. these are its attempt to have something that looks a little bit like an ipad and designed for video calling so, carl, interesting to see if now that they have a portable one does need to be plugged in. they get a little more uptake. >>> meantime, guys, a $10 billion cloud company going public this morning trying to challenge

here from microsoft ceo.morrow i'm in san diego a couple of hours south with qualcomm ceo and along with magic. a great show, carl >> i can't wait for that all three things >> julia >> yeah. carl, you and i will be on set there at the hilton for coffee we have jim an early facebook investor and david marcus from facebook he oversees all their pin tech moves. >> what a lineup also time for one more thing today that's a crypto currency trading hamster that's outperforming warren buffett meet mr. gots a hamster that exclusively trades crypto. he picks between dozens of crypto currencies by cycling through them on his wheel and then executes buys and sells orders by going through different tubes. his life streams are broadcast over twitch. he can be uncertain in his decision-making but tends to work some late hours here he is executing a buy order and then immediately selling before buying again. we can't argue with the results quite yet, guys. he's up about 20% since opening the account back in june that is bett

what microsoft is it saying now, which is similar to a move apple made earlier, is we will -- we willyou 30 days notice to let workers know they will have a transition period so they will not get a call in the middle of the night telling them to come to work tomorrow but they basically cannot predict when they are going to expect employees to return to the office more regularly. haidi: -- >> this idea of returning to the office keeps getting pushed back. what are other companies doing? spencer: microsoft and apple are just saying we will stay tuned and provide this transition area period once we have a firm date, so they are kind of in this holding pattern. you have companies like amazon and facebook that pushed it back to january. google was up for october, so again, the dates just keep getting pushed back to the point that they don't seem to have as much meaning anymore. shery: anything unique about tech companies that makes this issue more difficult than other industries? spencer: that is a good question. tech in particular because the market is so competitive that a lot of employe

streamin' event carl >> jon, interesting market day big moves for tech stocks this morning, google, microsoft, alphabet all down about a percent today on what is turning in to be an increasingly tough tape the names you need to add to your portfolio today maybe in just a moment but dow is down 234. we're going to start this morning with the ftc and the agency's continued pressure on big tech it is alleged hundreds of deals by the largest tech players have gone unchecked, apple, amazon, google, facebook and microsoft have made 819 unreported acquisitions, accused of using loopholes to duck merger reviews and anti trust scrutiny. facebook buying giphy, which lowered the value of its assets to the deal didn't need to be reviewed khan is calling for tougher enforcement of acquisitions which we figured, jon, she would bring. >> i think with this acquisition talk, there's not enough focus but we've mentioned it here on "tech check" on it seems if you keep big guys from buying small guys on the surface, that's good but that's a major potential exit avenue there and plus in retrospect, when a company

we learned on email and microsoft office.ew workforce will be on slack and zoom in on a whole set of tools. so i think there will be a cadre of folks back in the office but day-to-day folks who do not come in. the skills to succeed in that workforce looks different to the skills we have today. emily: interesting. brave new world. jerry chen, partner at greylock. thank you for taking the time. coming up speaking of highflying , cloud startups, data and ai startup databricks just raised new funds at a $38 billion valuation. the company partners with all three cloud giants. we are going to ask about plans to go public and the databricks road ahead. this is bloomberg. ♪ emily: databricks is a data analytics platform powered by artificial intelligence. it just announced it has raised $1.6 billion, valuing the company at $38 billion. joining us now, the databricks ceo, ali ghodsi. the numbers are huge. why are you still a private company. why not go public now? ali: we kind of see this is going public six months at a time. we are a

apple holding on to 1% gains microsoft, just about flat on the day.habet, amazon and facebook now flirting between gains and losses so, again, the big five showing some weakness here we will see if it changes at all in the afternoon session back to you. >> dom, thank you very much. see you again soon >>> surging energy prices are the latest supply headache and possibly the most serious one yet to the global economy. my next guest says the world is on a collision course with commodities and energy and tech names will be a good hedge joining me of ariel investments, charlie, the vice chair. jerry, the chief investment officer. i will start with you, jerry i have been borrowing and cribbing from your notes here. tell me to what extent you things the commodities collision course can last. >> i think it is more a question of something that people have acknowledged and been able to observe, now actually coming to the forefront, right we have been talking about supply chain, supply chain, supply chain for the last six to nine months. a lot of the focus on it

the tech names, faang stocks, microsoft, apple lower fed chair powell and

we've we're live at microsoft headquarters talking about hardware and the supply chain.ur feed, though, is going to begin with facebook this morning, sharing its own heavily annotated version of two internal research reports that try to downplay any mental harm that apps like instagram have had on teens and children. the journal has been publishing a series of articles that allege facebook knew of the negative impact on young people and especially young girls and unnerving language, including the phrase "leveraging play dates," which caused a bit of twitter beef last night between "the new york times" and the policy director. when facebook dropped its kids project. today the senate gets facebook's global head of safety and testimony happening right now on the hill and then there is this >> she left facebook concerned with copies of thousands of pages of research. what don't they want you to know the facebook twils blower, only on "60 minutes" sunday >> julia, one of the questions will instagram's alleged toxicity be the straw that finally breaks this camel's back shares

apple, microsoft, amazon, facebook all moving lower on the day.u >> those names inindi nvidia down as well. that's it for us tech check starts now. ♪ >>> good tuesday morning welcome to tech check. we are live at the code conference in los angeles. jon is in san diego at q

microsoft, you mentioned solar winds, breach of the exchange.ny way and how much of this is on top of what was budgeted i imagine an increased budget, given the breaches recently. >> a lot of this reflects decisions we made over the last year to increase our spending. and some of it is very specific in the form of additional engineering services $150million in the next year alone of engineering services we're devoting free to help the federal, state and local governments just catch up so that they can implement the security protection that is already available in some cases, they're already buying but not yet using. but i think the broader aspect to think about is in the tech sector, different companies play a variety of different roles all of us who have major se services, of course, have security features that are part of our services. but in addition, you have cyber security businesses, and microsoft is in this space as well, where we are providing, for example, a service that you can use, any organization can use, to protect all its devics,

they keep getting added to >> apple is now down 6% and pete, amazon's down 5, facebook down 10 and microsoft is down 5.5% and we don't include netflix in this conversation and everybody understands why we do that, but pete, is gerstner going to be right? >> i would say this, when looking at the multiple stocks they still have a long ways to go, scott. especially based upon when you look at various names, if we get right to those big-name stocks that josh was just talking about and you were just talking about, i think that's a different animal i think the great thing and as people have paused and hit some of the stocks like microsoft and you just went through the list that we were coming off of those highs that we just hit and then pulling off a reasonable amount and they could certainly go further, but with the applied volatility jumping the way it has, scott and i'm not talking about the vix itself it was 18 on friday, it was 18 on monday and we've been in the 20s ever since and we're at 23 right now. that also means that we're seeing applied volatility and the names start to move to the up

look at microsoft. trading around 300 for weeks now. take a look at apple 146 to 148, it's still in that sort of range that doesn't really bother me that it came off the highs. then i look at nvidia that continues to trade at 220. seems like it's been stuck there now for a couple of weeks. i think there's some bullish signs to me, mel, when i'm looking at technology that of course when you start to see those rates go up, everybody starts to move away from technology because that's been the trend to do, but i look at technology as all right, the pause is there and then i think the next level is up i don't see it being a downside push unless we start to see something that comes out with delta and with the covid-19 and all the rest of that that always is something that's going to be hanging behind us now. but if that comes up, sure, we can have some selloff, but i don't anticipate that and i think those pauses are very, very healthy >> what's on your watch list, karen, in terms of things you could buy? >> banks, which i own. it would have

microsoft 15.537 google 16%. facebook is up 12. amazon has been the laggard up 2.5% but the stocks can be degas held up you bought more apple into the event which is an interesting position to be in considering what history has told us has happened to apple stock on the other side why why going in >> hey, scott, we're a long-term investor so what we really like is the profitability we see in apple. we like the valuation. at these levels this is a fair a valuation for apple. and then the expectations, the subscriptions they subscriptions of over 700 million. and then you have the adoption of the apple pay and then apple music. the business model is intact for apple. we see this company going higher it may have a slight pullback after today. but we are long-term investors we see value in apple. >> the question is, i can see you saying if history is right and the stock trades off on the news we'd be jumping in two seconds to buy more. the fact that you're doing it before the event itself reveals a certain level of conviction that you

microsoft. amazon nvidia paypal all the darlings of the market that continue to get hit off the back of the rising rates and seen the pat tern before. the question is, is something different this time now that the fed seems determined to scale back stimulus and potentially look forward to rising rates does that change the dynamic >> while the dow is off its lows by about 120 points the nasdaq not really still fairly close to the session lows on which note let's gek a break down of the action there with josh lipton. >> start with mega cap tech stocks lots of red out there. all lower here though some fans as well tech investor dan niles on cnbc today saying he likes alphabet strong growth and benefiting as economies reopen he says chips also under pressure. smh on track for the worst day since may. news street downgrading citing valuation and worries of a cycle peak micron reporting after the break today. cloud names worth highlighting all lower right now. zoom actually tracking here for the worst

with mongodb, pager duty this hour, microsoft, of course, a much bigger company.or us for the week "halftime" starts now. >>> yup, happy friday. welcome to the "halftime report," everybody thank you. i'm brian, scott's back next week the question really is, when do americans jobs come roaring back the august jobs number was a bit of a bust. but does it matter to stocks everybody has an opinion and we will hear them from your investment committee today shannon saccocia rob, michael farr, jim lebenthal and jon najarian co-founder of market rebellion.com. let's check the markets and your money to wrap up the week. and stocks, look at that, mostly steady on the back of the jobs number yeah, a little bit of red, down

liz: does it pique your interest , scott, names like apple and microsoft are pulling back, does that make them a buying opportunity? where do you see that real chance to scoop up some things that aren't as expensive as they were last week? >> well, if kenny is right the way he's usually right because he's such a handsome devil, and we get to 1.8, you don't want to be buying apple and microsoft. going to 1.8 would definitely have the market faulter a little bit. liz: explain to our viewers why, scott, please. >> well, when interest rates go up that means you have to pay more on your debt and the u.s. government has quite a bit of debt, so when yields go up typically markets rotate as well so that's why you're seein, you're seeing them to banks and energy, so at this point, you do not want to be buying apple and microsoft, if yields are going to continue to go that way because they are going to sell the higher pe stocks so we've been dealing with this rotation back and forth for the past year or so, but i'm not sold we're going to 1.8, so i think again, the reason why that's very impor

microsoft is a great example in their leadership and digital transportation the game is not over >> the game doesn't end. it keeps going of course, regulation to consider we got the chance to sit down yesterday with eu commissioner for competition. maybe the best known regulator around the world, although lina may be catching up at the ftc. we talked about regulation ahead of the eu trade summit in pittsburgh >> there are a number of sort of must-do discussions one on privacy to make sure that data can flow how to put things into practice. i think on ai there is, on both sides of the atlantic, a deep recognition of the fact that in some use cases, fundamental things are at risk women are not being discriminated and people of color are being discriminated and that we need to get this right. and that, you know, it's such encouragement for us, as well as the biden executive order. it's a huge encouragement. >> she also had this to say about fines. a regulatory tool that has cost companies like google billions of dollars >> definitely fines is not enough a fine is just a thing, just punishi

microsoft is a public. the upside and president biden delivers his covid speech later today. you have some details. more mandates coming. >> a 6 point plan, 0.one vaccine requirement for federal workers, strong suggestion you should get the vaccine, booster shots, keeping schools open, tightening regulations like masking, the females show the white house and teachers union working hand on hand on the requirements today. more testing, protecting the economic recovery. stuart: sounds like not something i want to hear. doctor mark siegel joins us. what do you think of the president saying you got to get vaccinated and private employers, we strongly advise you to get vaccinated and masks for everybody and new rules in schools? >> let me break that down. there's been too much focus on masks per se because that has some value, we don't know how much but it is not the answer. that is a political tool. the key is rapid home testing and though the president invoked the defense production act in february there hasn't

microsoft, apple, and amazon. they were down at the start of september. they were wondering what to do. i know you cannot do single names, for those big stories, that sector, what do you suggest they should do? ben: our nearest parallel was the first quarter. it very quickly recovered. the difference from then is that the yield was much more significant and it was, this time around, what we saw, is higher bond yields and higher valuation. more fluctuation. very quickly, we are reminded that we will see this in the third quarter. it is a strong parallel. they are not necessarily leading. there are financial valuations, but i like to see them going up. john: microsoft is down from the middle of september. the first week of september. these are big moves. lisa: they are big moves despite what ben is talking about. revenues are tremendous. at what point can big tech stop moving in lockstep with bond yields? ben: i don't think this is all about bond yields. if it was all about bond yields, then we would look to the microlevel with japan and europe where bond y

emily: some companies here, apple, microsoft, companies worth more than $2 trillion, because of theirle they are facing regulatory scrutiny around the world. is scale -- can scale potentially be one's downfall? reid: certainly they are getting pressure. governments are uncomfortable because of the profitability of these companies. on the other hand, how do we get the investment in the future we want? how do we get artificial intelligence because that will be what creates robotics if we have any hope in the u.s. of a return to manufacturing it is through robotics. that will come through investments microsoft, alphabet, amazon, facebook are all doing to make this happen. i do not think big is necessarily bad. what is too big? the question is, is it helping society? i use manufacturing as an example because obviously we need a place where all society is brought along for new jobs and opportunities. that is something we in the tech industry need to pay attention to. not just what we do globally by creating great export products which brings back interesting economics and capabilities to t

microsoft is way up. they have a 60 billion-dollar stock buyback program. facebook is running into trouble with instagram and toxicity for teen girls. time is up for me. neil, it is yours. neil: microsoft is amazing. raising dividends 10%. holy toledo. they're standings out. we're following other developments. the president as you know meeting with top ceos at the white house. not as many as you would think. some ceos are divided forcing their employees to be vaccinated. this is companies more than 100 workers. they're concerned about the 3 1/2 trillion dollar package coming down the pike right now that will dramatically lift their taxes. having said that, when you have the top executives at disney, microsoft, walgreen boots, kaiser permanente, saying at least on this, mr. president, you're right to try to force the issue to try to get more people vaccinated. how you go about that. the devil is in the details and some companies don't like the details. these ones do. edward lawrence at white house with more on that. hey, edward? reporter: ceos will probably

an e-mail sent to microsoft's 100,000-plus u.s. employees blamed the delay on the continuing threat post by the delta variant of the coronavirus. the fda says it needs more time to decide whether to ban the sale of e cigarettes and other vaping products. the agency has spent the past year reviewing the device's impact on public health. it has already rejected some 946,000 applications from companies looking to market flavored e cigarettes. the fda says it has yet to rule on applications from the market loder, jewel. and that is your cbs money watch report. for more, head to cbsmoneywatch.com. at the new york stock exchange. i'm diane king hall. >>> time right now is 4:45, let's get a check of the forecast and kind of unsettled weather day dealing wi lightning and thunder this morning. >> it is definitely an active start to our day. tracking it all for you on high definition da oppler. let's get right to it. this is the number of lightning strikes, and this is right now. ifer this area looking at eight lightning strikes for the bay

today, but man, i hear pete and the whole gang seems to own microsoft. i'm not in either one of those stocks, and i'm wondering about delta, and i see all the stories about preannouncements and i'm wondering where the recovery is going. and i see the fact that these mega cap tech stocks are holding up do i put my money today, if i want to buy one of those stocks, into live nation or do i just play what deems to be safe and put it in a microsoft, for example? can you feel me on that? >> yeah, i mean, microsoft is only safe if you're investing in the rearview mirror. you can't have the gains that have already been accrued. so it's the perception of safety because it's just worked out like, this is the trick that all of our brains play on us it's hard to avoid it, right so we have to logically talk our way out of, wait a minute, this isn't safe just because it has been safe. but to answer your question more directly, the average viewer of this tv show right now, like the regular investor, has a huge advantage over the professional investor i know weiss is p

. ♪ shery: breaking news out of microsoft. authorizing up to $60 billion in share buybacks.d include a quarterly dividend of $.62. shares and at 66% regular cash. november 17, payable december 9 to shareholders. they increased regular quarterly cash dividend to $.62 from $.56 per share. dividend declaration date is september 14. authorizing up to $60 billion in share buybacks. earlier today, morgan stanley raising microsoft's price target to $331 because of a potential for an increase of 10% or more in their quarterly dividend. we see the dividend being raised to $.62. microsoft trading .4% higher after hours. $301 level. haidi: taking a look at the crypto space. industry growth leading to increased interest from regulators. this is something she welcomes. the largest digital asset exchange in australia. the ceo joins us now. continuing to watch the efforts of the fcc in terms of the regulatory oversight. regulators, are they getting it right, or is it a reaction of fear, rather than a regulatory environment that is protected about conducive to crypto innovation and trading.

goldman sachs and microsoft, they are two dow stocks.. microsoft down 3 and goldman down 4. >>> the rapper, nicki minaj says she will never use twitter again. lauren, what happened? lauren: on instagram she wrote i'm in twitter jail, y'all, they didn't like what i was saying over there on that block. my poll will be asking questions. she continues. she was unvaccinated. she didn't to to the met gala. set off a firestorm of tweets about the vaccine that could be misinformation although twitter says, look, she didn't violate any of our rules. we did not block her. she is not using their platform. this whole story has a lot of misinformation in it. because nicki minaj went on to say, the white house invited me to go there in person to ask questions, get answers about the vaccine, to help me make my decision, to help you make your decision, there are reports saying the white house didn't invite you. you can have a call. we don't know what it is. a lot of misinformation here. she has a huge platform, 20 million followers. people listen to wha