-based technologies microsoft and it's utilized its bond proxy and i don't want see microsoft and a lot of these other names as facing the inflationary pressures that the perception of technology could be in the inflationary environment could be because they are an asset light business they are not long the duration and they are something that belongs in everyone's portfolio not just for today, but the next coming years. >> you've been talking about it for a long time. i remember having the funny conversation with you. it's got to be at least three years ago at this point about the pronunciation of azure, the cloud business, and i know you remember that, too, but jason, it's not a big position for you, as well. revenues grew 22% and that's the fastest since 2018 and here's what jim cramer said to his investment club audience, quote. we think microsoft remains one of the strongest secular growth on the planet and analysts take up numbers and for the stock to continue as the economy gets back online in digital infrastructure it's a big position for you, too. >> yeah. scott. absolutely you

when it comes to microsoft, we want to get the numbers on azure. work from home was a big boost for them so we want to see that continue. you look at alphabet, same thing. but operating margins right there is key for us. that's about 34% operating margins, when you look at a percent of net revenue i'm curious to dig in and see what those numbers look like i'm really kind of surprised at the drop we're seeing in texas instruments down 5%. it wasn't that big of a miss on that number. so i'll be curious when the call come uz out. we're going to be listening to what supply chain shortages are doing for them we heard the hp ceo this morning on your network talking about he thought shortages were going to go to second half of next year so i'm very curious to hear the intel call and see what their guidance looks like on supply chains >> microsoft is now moving higher by a percent, by the way, the intelligent cloud revenue which contains azure was 16.96 billion, the forecast, 16.5 billion, so a slight beat there. let's get to visa numbers. kate rooney has

microsoft is the only mega stock that hasn't seen a 10% correction from peak to trough so what is microsoft telling you and how are you trading this name dan nathan, let's go to you first tonight. >> hi, mel it's interesting when you put the graphic up there, all of the other names up there we know combined amount to about 25% of the sa&p 500, the fact that microsoft didn't have that correction is interesting in and of itself. maybe it was the bottleneck issues or issues with china. they have been through a lot of that already again, we have to look for different stories in this market they are not all the same. we did not expect them all to go down the same amount when you look at apple and amazon, amazon is down on the year apple is only up 6% on the year. then you look at microsoft and say something is going on there. i feel better heading into q 3 earnings as we head into next month. >> this is one of the best big cap tech charts in the market? >> it does set up nice look where it pulled back to, the level it consolidated to back july and it looks like it's about to make another run tow

>> well, the pick of the litter has to be microsoft.arnings. we came whipping into earnings. september was not a pretty picture. microsoft remember last quarter, they beat expectations, they rised guidance, oh, a $6 -- raised guidance, oh, a $60 billion buyback. it's kind of russian are roulette, but no doubt microsoft is the place to be, killing it with web hosting, they're killing it in k box and, again, i wouldn't -- xbox, and again, i definitely expect a very strong quarter and strong guidance. lauren: yeah, but the stock's at a record high, ken. do you buy now ahead of the earnings? you think they're not going to be affected by chip shortages, people are still going to buy their surface laptops and xbox? i mean, you're still bullish on a stock that's run up so much? >> yeah, so, look, we definitely had a news reaction, no doubt. again, i don't like jumping in in front of earnings, it's kind of russian roulette. and microsoft could definitely sell the news, but all the other ones like twitter haven't found a way to monetize themself

today, alphabet, microsoft, and twitter report after the bell. on thursday, it is apple and amazon so what are the important metrics to watch and how should you invest in technology jaso jason, good to see you why don't we start with a stock i know you like. walk us through alphabet/google. >> good to be with you guys. this is probably pound for pound the best technology company in the world. they had a big quarter last quarter in the june quarter. that was in part because they were lacking easy comparisons in the prior year due to covid, but this company continues to fire on all cylinders and it's really woven into the digital fabric of our lives. i think investors will be looking at ad spend, although we think google is going to be relatively immune to some of the problems snap faced. youtube, video is going to be important. cloud is their number three business if you will third place in the market driving a lot of optimism about google so cloud's going to be something to watch then the regulatory landscape, which has been the factor h holding

microsoft revenue grew by 22% in the quarter. fastest pace since 2018 with cloud the key driver of that growth that up 31% and the company's personal computing business grew 12%. the stock currently trading at all-time high levels $3.23 in change. strong results out of alphabet with revenue growth 41% year over year and all eyes on the potential impact of apple's privacy changes. the new features had only a, quote, modest impact on youtube. shares of both companies having a strong year. microsoft and alphabet outperforming the s&p since january by a wide margin carl, i heard you talking about this earlier with jim and david. the sheer scale of these numbers. i mean, when you put it in context, google search revenue was $11 billion more this year than last year at the same time. john, it just kind of begs disbelief. same with microsoft. i mean, firing on all different cylinders. we talked about cloud and pc and what about gaming heading into the holiday season >> this makes perfect sense. we talked about this set up on monday the

microsoft material lagged. i agree with karen if you are a long-term holder of this stock, this is what you own it for but let me remind you of this, they are going to guide in about half an hour and we may see it lower because the stock has already traded into all of this news, in my opinion. >> i will take the other side on the interest rate thing. i get when interest rates rise, but could you posit that you might want to invest in things like technology tools that are inflationary deflation -- >> first of all, i have to hear you out because i can't see you. that's what the ceo said he pointed out where their technology is deflationary this is the case where you have a moderate going on on the retail side and on the growth side to expect the growth we have had for the last four or five quarters for the next four or five quarters, i think you can expect it. i think you can get mid teen revenue groets growths. there is capital giveback. these are gross margins north of 70%, even with azure as a higher part of t

and i mean, it seems interesting that we got all this information from microsoft. i mean, i know we've talked about this to on the show with you before is how big tech has to kind of work hand in hand with government agencies with officials like the f b i or what have you? sure. so, i mean, the question is when microsoft starts making a bold claim and saying it's the same group that was behind solar. when are we supposed to trust them or should we allow the officials to make that the tension? well, i think they've, they've gotten the same kind of information that our federal government got. they probably may have gotten it from microsoft about how that attribution design and what the needs were being used by this group. so i think we probably can believe them, that it was probably them, but keep in mind too that these foreign state actors will try to hide and pretend to be somebody else. so you can't always be 100 percent. sure. that it's this particular group because, you know, the r c a, you know, the russian federal police, whoever it is that's doing these might

so did microsoft. emily: i want to move on to amd because chip supply is a key issue that will affect the broader supply chain especially when apple has to cut production of the new iphone. when you look at texas instruments and amd, what you see? >> amd was on a tear over the past several quarters. despite the shortages and despite the issues with supply, amd continued to grow old will faster and the -- that will show up in market change -- market share on the client side and the datacenter side or amd. if you look at this quarter, in terms of outsized earnings per share and revenue, it wasn't the same blowout numbers amd has had and it has enjoyed the past several quarters. use our revenue coming in above 4.2 4.2 percent, earnings just over expectations. i think that is tied to the supply, that didn't grow as fast. you are looking at what he 4% on processors, 69 percent on custom and high and datacenter, which is significant growth. i believe last week intel's numbers were something like 10% on the d

it moved slightly on tuesday, which means tesla now joins microsoft. amazon, an apple in a very exclusive club. tesla founder, ilan must tweeted out quite wild time, using characters to play on the one trillion dollar market cat. joining us to dig deeper into tesla, massive growth, our boom bus, co host, christiane and ben swat. christy, i want to start with you on that. obviously the heard deal is huge, but just how huge is it for both tests and hurts. i mean, it's a big deal and i feel like it's more of a big mess rather than anything affecting the bottom line of tesla. because the order doesn't really change much for tessa, it's basically just increasing. it's already a big backlog. ordered by a few months and a $100000.00 more vehicles tend to won't be able to produce or deliver more cars after because production is still very constrained. the news is possible because the signal, the change in the auto industry, not just because of the actual order itself, which is pretty standard. it will encourage more rental companies and other large menu manage

and later microsoft, those hackers have been attacking critical. i applied to the bottom, what's happening and what effect it may have a lot to get to. so let's get started. we leave the program with the latest from the federal reserve as the country awaits. next week's policy meeting chairman jerome paul is indicating that we will finally get the official announcement of plans to start tapering. bond purchases that figure of $120000000000.00 per month is expected to drop by $15000000000.00 a month until it is phased out of june in june of next year. but while powell says, he believes that it is time to taper. he said he doesn't think it's time to raises ultra low interest rates just yet. he has also joined treasury secretary, janet yellen, in defending the feds policies while admitting that inflation isn't quite as transitory as they have been claiming it would be for the last year. so what else can we expect and could the ongoing supply chain shortages impact the timeline we're doing now to discuss with daniel martino booth, former fed insider an

microsoft warning that russia-linked hacking efforts are large and ongoing. eamon javers is on that story. it comes as online sports betting business steps up its cyber security measures. contessa brewer will bring us those details. and we will talk with an analyst about the companies aiming to protect against these new age cyber attack eamon javers is who we begin with. >> microsoft found another wave of attacks by russian intelligence just like the devastating solar winds hakt last year. that was conducted by the russian svr intelligence service. this is another hack targeting retailers and service providers. the idea is the russians hack into the suppliers' product and when they sell them to corporate and government clients the russians get there, too. >> their customers include government agencies, think tanks, academia, the same sorts of organization has the russians do like to gain surveillance of as they conduct their espionage operations >> microsoft says between july 1 skps october 19th of this year they informed 609 customers that they have been tar

and microsoft -- microsoft, let's call it lackluster. sales up 10% or more. 11th earnings beat in a row. looking real good. advanced micro devices coming in with a bullish forecast, their datacenter sales doubling. despite this, they are down two thirds of 1%. robinhood is down 8%. there crypto trading revenues have cratered. the outlook is not good, in fact, they decreased the amount of revenues the sea for this year to $1.8 million. -- $1.8 billion. let's get the specifics on where the market is heading with matthew orton, chief market strategist for carillon tower advisers. good to see you again. when you look at the earnings today. microsoft versus google is one. then you take twitter, they did great. robinhood you wonder what their future is now. matt: it is great to be back. we are getting to see a lot of different earnings reports providing good view of what is going on both between the consumer, the rest of the economy, and i think this goes to what we have been telling our clients the past couple of weeks, is that as we get into this morning season,

google versus microsoft. our dependence is greater. of that, google's other bets they haven't yielded outside i do think they have significant potential compared to microsoft which their other bet, if you will we have some august meanted reality initiatives going around with their howl lens in better position my vote is with google >> as you have said, google is the oxygenof the internet. they have their own operating system they have a large stake in the digital online ad game 50% jump for some numbers. azure is growing they are clearly benefiters from the work at home trend >> absolutely. about double where it was when this all started this work and learn remote has benefitted a lot of companies. the significance is really hard to enumerate that impact will go on for multiple years we've talked so much about it. our behaviors are forever changed. i think beyond what is priced into shares and maybe to put it into a different way going through the december quarter. i suspect that commentary will be similar about the continued dependanc

is raising prices on microsoft 365, on office in the coming year.nd i think around march the prices are supposed to go up and while those prices are going up at the same time he was arguing that what they're working on is deflationary in the sense that you're going to be able as a business to get work done and spend less money doing it so there are these sort of micro economies, almost like little micro climates, i guess. when we're talk about global and the world. i think there's some deflationary micro economies, perhaps within companies, within industries and so, for an investor, i'm not sure it's relevant how much inflation is going -- like if you believe in a.i. and certain companies having an advantage because of their skill, because of their cloud heft in those areas, i'm not sure inflation affects it that much if you look back over the past couple technology cycles, mobile, cloud, et cetera, you know, open source, did inflation or deflation really -- not really those are just game changers >> right >> carl? >> all right, guys when we come ba

microsoft, twitter and alphabet, or google, all report.e get a glimpse into the market for combating age-related disease with the ceo of cameron biofarma. later in this hour with go outside silicon valley to napa valley to speak with the ceo of the famous silver oak winery. he talks about the supply chain and labor crisis. let's take a quick check of what is going on in markets and we have a new all-time high on the s&p 500. we were trading around 4600 for much of the session so we have given up the gains but still up. the u.s. 10 year yield coming under 162 at 161.7. the dollar has little change at $11.57 and west texas crude gaining almost one dollar. the real focus is on technology. twitter, microsoft and google report earnings after the u.s. market close today. joining us for a preview of what to expect is angelo zino, cfra analyst. he has a rating on twitter with an $85 price target and day by rating on google they $3200 price target. safe to say you could've had a by rating on any mega cap tech stock. they have all done really well.

microsoft doing really well. it that it may soon dethrone apple as the most valuable company, apple is worth $2.5 trillion in following, microsoft is worth $2.4 trillion and rising. because of the apple and amazon declined there's plenty of red ink on wall street in premarket action, the dow still very close to its all-time high down 50 points, the s&p still very close to its series of highs but a big drop for the nasdaq influenced by apple and amazon. nasdaq down 130. let's get away from money and turned to politics, a dramatic turn in the virginia governor's race, republican glenn youngcan leads terry mcauliffe by 8 points, last week it was a dead heat, now it is not. how will voters feel about this? the biden administration is going to pay out big big money to families separated at the border, 450,$000 per person. some families will receive $1 million, we will be paying illegals more than we pay the relatives of soldiers killed in action. the socialists are not happy with the big spending plan so they are bloc

so microsoft popping about 2.hina tech stocks are some of the biggest haggards on the nasdaq. -- laggards. baidu moving lower, but sitting at the top are health care firms walgreens alliance and united health group. walgreens posted fourth quarter revenue and adjusted profits above analyst estimates, seeing growth as much as 13% if. unitedhealth has just been a killer, also raised its full-year outlook for 2021 and said it expects a smaller impact from covid-19 costs next year but walgreens boost really spiking, up 7.5%. beyond meat getting some lift after mcdonald's said it would be testing the mcplant burger in eight locations next month. the fast food giant has already started selling the sandwich internationally and represents an opportunity for the faux meat maker to access mcdonald's global footprint. mickey d's up 14%, adding another three-quarters of a percent on the session, and beyond meat up 2.25, but it's still down about 14% year to date. >>> from burgers to subs, san witch shop jersey mike's has an u

microsoft is a down stock. it is way up. microsoft is contributing 90 points to the dow.5. i haven't done the math but i'm pretty sure elon musk is worth well above $300 billion. bitcoin and all the cryptos taking it on the chin. bitcoin below 60,$000. the 10 year treasury yield also down one.56%. now this. when all else fails go back to attacking trump. he stumped for democrat terry mcauliffe in the virginia governor's race, brought up donald trump's name 24 times. it is clear what he is doing. he's desperate to keep the votes of the suburbanites who put him in the white house in the first place. he believes attacking trump will put mcauliffe in the governor's mentioned that he's feeling on inflation, supply chain, border, crime so why not go back to the old standby, run against trump. if they lose virginia they likely lose the house and senate next year and that means a totally lame-duck president for his remaining years in office, you can kiss goodbye to the socialist dream. as the president was supporting mcauliffe the washington post of all people was hammering mcaul

microsoft, alphabet and robinhood. >>> with the white house looking fo

google, microsoft, twitter to name three and the inflat

laura: microsoft, it was really incredible.s is the 17th consecutive quarter of double-digit growth. you can see this threshold here. 22% year on year and this is primarily due to the cloud business. microsoft, as you are tying up a lot of deals. if we flipped aboard and take a look at twitter, that is all about daily average users. how they can be monetized. that fell in line with the analyst expectations at 211 million users for the third quarter and those privacy changes which impacted facebook's revenue yesterday, they were negligible for twitter, manus. manus: laura, thank you very much. laura wright with the very latest on big tech. coming up on the show, we will speak to a ceo of a mining giant on the third quarter results come on the ground in riyadh. this is bloomberg. manus: good morning. i am manus cranny. it is "bloomberg daybreak: europe" on the road in zurich. these are the stories setting your agenda. santander says it's on track to significantly outperform its 2021 goals. earnings season continues. deutsche bank

lisa: how much is it that microsoft is just killing it with respect to the cloud?g that we talked about with microsoft and amazon is they are going to take it away from vendors with scale and more services. this is one of the most important points, they spend more on security than any other vendor out there. lisa: the idea of them taking business from alphabet, which we certainly saw in the hints of her earnings may not make people that concerned, but beyond that who else are they taking share from? how are they cannibalizing from the rest of crypto america that may not benefit in the same way? >> they are taking shares away from the systems of the past 20 to 30 years. it all needs to be upgraded. we are still 20%, only 20% in public cloud. that number needs to actuate to 50 over the next several years. it's a huge room to move. tom: you wrote an essay about iphone growth where they were wrong. dan was on the show, calling it 8%, 9%, 10%. do we have any clue on what will be delivered tomorrow? >> from the apple point of view, tomorrow's earnings will be ok. the cur

nvidia, google and microsoft are all set, all tack. and i love them all. and so this is the great quandary that many of us, nadir, have right now and i'm going to say -- i'm going to choose microsoft as a keeper but i'm going to describe google as a conglomerate. that's what i call alphabet. and i'm going to let you keep all these. people could say, jim, that is a violation of everything. but semi, con tkphropl rat, software no longer trade together like they did so even though you're a cowboy fan, i am going to bless that portfolio and i'm going to write about it for the club, in the charitable trust because it is such a complicated issue, that i bless that i can't just say, okay, onto the next because that is a real quandary for most people right now in america. so i've got to give it more time than am i diversified. next up is john in maryland. john >> caller: hello, jim. this is john from maryland my five stocks are pnc financial, microsoft, target, lowe's, u.p.s. am i diversified >> now, this is a simpler issue for me it's not hard at all microsoft we

why would we sell microsoft. it's a monster but one that's very friendly to shareholders.already survived antitrust authorities 29 years ago why? how about alphabet here's where wall street seemed disappointed came in a couple hundred million short. but if you're a company like alphabet with $136 billion in cash, it's barely a drop in the bucket i couldn't believe the stock was down oh, my god, stop selling, you idiots these guys own search thanks to google they own search. they own video with youtube, which would be worth $300 billion all by itself, compared to netflix it alphabet a monopoly no you can always use bing for search even i'm not much of a masochist. next is apple, don't think of it as a smartphone play like an analysts do. the smartphone helps you take control of your day-to-day life whether you access it through your phone, computer or watch. they have everything, games, sports, health care. no one is putting a gun to your head hey, go buy a samsung. just because apple has the best product and ecosystem, they had a good quarter but the only problems is they

that is the opposite when it comes to microsoft. the cloud computing strength has been fueling sales and profit growth. when we talk about the at environments on google, you want to talk about that with twitter, at least twitter says we are up 3% because maybe the impact from the apple and the supply chains, like we heard from facebook, maybe those aren't as bad as we thought. they are seeing less of an impact. texas instruments is a big mover on the day. the overlying headline is that you are getting weakness on some of the revenue forecasts. sonali: are you taking a look at robinhood as well? taylor: yes. we are seeing them take a plunge in the post-market trading. that is because they are moderating from where they were in the second quarter. the monthly active users, down from the second quarter as well as crypto trading. a down arrow for robinhood. sonali: we will dive into all of this and try to roll these things together, particularly when we look at the ad environment and what analysts are looking for when it comes to big ea

laura: for microsoft, a beat across the board.extraordinary -- over the last 17 quarters, microsoft has reported double-digit revenue growth, culminating in 22% for this quarter. that is because of the intelligent cloud business. tying up a lot of deals. we can talk about twitter as well. twitter, the privacy changes i referenced, they led to negative earnings for facebook. for twitter, it was negligible. analysts are looking at daily users. tom: laura wright breaking down the tech earnings. front and center today, apple. coming up later, we will bring you more of our conversation with the deutsche bank cfo. this is bloomberg. ♪ francine: welcome back to the open. 30 minutes into the european trading day and here are your top stories. deutsche bank holds market share but misses out on big gains in equities. we will bring you more with the chief financial officer. mixed results for big tech. cloud computing drives growth and microsoft, but disappointing for numbers on youtube weighs on alphabet. rishi sunak raises concerns about ri

microsoft passed apple as the world's most valuable company. microsoft now worth $2.45 trillion compared to apple's $2.4 trillion. apple's value is short of wall street's expectations. the company says it's because of supply chain issues. microsoft's revenue has been up 22% year over year, higher than expected. >>> grammy ward winning guitarist and san francisco native carlos santana, who is so cool, went back to his old neighborhood today. >> this is cool. here at the mission street art plaza. he was joined by the mayor and residents to celebrate a mural honoring his family. it depicts his parents, two of their sons, carlo and jorge, and carlos's son. >> we are the beneficiaries of their spirit, of their love, of their musical genius that has touched the lives of so many people. >> the mural was designed by carlos santana's younger brother jorge. he was a musician who died suddenly last year. several local artists collaborated to create this colorful artwork. >>> lost but now found. >> trying to find the owners of family treasures. ♪ i see tre

the notable ones here in the middle microsoft, alphabet and amazon you can see fractional gains the two not participating at this level apple and facebook we know facebook has headline risks associated with it and that mega cap trade seeing dip buying and, of course, close it out with the really big picture. we often talk about the ten-year treasury note yield as the proxy for interest rates we want to show you the 30-year interest rate. at one point, guys, we hit 2.15%. that's important because it would be the highest level that we've seen since june of this year so, something to keep an eye on. rates were part of the story with the market volatility and the nasdaq earlier this year we'll see, john, whether it sticks around for this time, as well >> dom, to pull back a bit i'm taking a look at what is happening with certain tech stocks over the past month i notice zoom is down about 14%. adobe down about 15% just some of these pandemic high fliers that i'm looking at down about 19% do you get the sense that the appetite for risk or maybe the sense that there's more room to run on growt

the important thing is they're helping hold off microsoft and here's where we are.2 companies have reported. let me give you what i think is the good and the bad demand has been terrific that's the most important thing we've been seeing. 83% are beating estimates. this word "navigating" used all over the place used yesterday, navigating supply chain disruptions and the corrosion is modest. it will be 12.5% 13% in the second quarter. this is a record so, modest deterioration but close to an all-time record for there and that's the most important thing we're seeing lower average earnings speed it's about 10% this quarter. it was 20% in q1 and q2. those are historically high numbers but it's down. and the estimates for the fourth quart not growing much in fact, they have been flat for several weeks. earnings estimates not going up. it's not a perfect relationship but it is a cause for concern. and the upward revisions are not as strong as we saw in the first and seconds quarter. here's the biggest question right now. are we at peek supply chain or not? when are disrupt

>> i do point to the microsoft story.crosoft was trading for about this same multiple of about 60 times earnings. over the next 15 years, they tripled eps from 85 cents to $2.70. in 2014 microsoft stock was below where it was in 1999 and that's because it started off at an unsustainable pe of 60. so i think amazon is a wonderful, wonderful company, but as you say it can't grow at this rate forever. i don't think it's a good stock. it's a wonderful company, it's just not a good stock at these levels >> before we turn to energy, where would you be recommending people look? >> yeah, the numbers today were a little bit tough in terms of consumer spending obviously. so i think the consumer is in great shape with a lot of cash in their pockets services names, entertainment names, travel names i think are going to be fine i think there's some restaurant names that are going to be fine. but the consumer right now can't get the things that he or she wants. the shelves are not bare, but the shelves are not stocked the way they woul

and this time, they have a new target according to microsoft, the company reports nobelium which has suspected ties to russian intelligence has been relentlessly targeting tech companies that provide cloud services the reason microsoft claims russia is trying to gain long-term systemic access to a variety of points in the technological supply chain and establish a mechanism for surveilling, now or in the future, targets of interest in to the russian government. in the solarwinds hack, those hackers were able to go undetected for almost a year they breached multiple federal agencies, including reportedly the pentagon cnbc senior washington correspondent, aeamon javers with the rest of this story. amman?n javers with eamon? >> yeah, shep, this is another supply chain hack and it is targeting resellers and other technology service providers that customize, deploy, and manage cloud services and other technologies on behalf of their customers. so, the idea here is that the russians hack into the suppliers and from there, they get into their large corporate and government clients but micro

and ceo speaks at noon more ahead for microsoft and cloud getting big contracts.t guest is out with the cloud tracker analysis of the largest cloud conference piper sandler. first of all, the third place hyper skill right now. sort of has a reputation of being a unit with good technology google cloud, that is but really not great go-to-market, as far as solving problems for the user. is your sense that enterprise engagement has gotten better for google, that it's really growing its ecosystem and ability to compete here, or no? >> 100%. i think we need to realize it takes about a decade to create a $10 billion cloud infrastructure business i think pk has done a phenomenal job, pk 2000, very focused go-to-market effort that has changed their success on the cloud business for sure. and now business scaled, and continuing to scale at a fast clip obviously, you're competing with two other big platforms, microsoft and aws that are certainly much, much larger in scale. but google is making up ground there for sure >> no your report, looking at some of these highest convi

microsoft and google. yields unchanged. down 83.68.r euro, just euro-dollar positive 1/10 of 1%. tom: what you have to do to continue this on the nasdaq is you have to do the math. on this important day when the government decides should little kids be vaccinated. i know you've got a sleepless moment. off second shot, the number of working with, of scientific notation. ok fine. does the public understand how small the likelihood is of a frightening myocarditis of the second dose? >> it's unclear. i think sometimes we talk with numbers like that, the general public, because of their head. it hurts some anecdote from somebody who had a case. to them that's 100%. sometimes it's very hard to teach people how to risk calculate because they are swayed by anecdotes. we have to show them how rare it is. tom: this has to do with social media. it doesn't do the math. jonathan: even when i hear from health officials directly i'm still confused as to what i need to do. i was fully vaccinated in and around sometime in may. i'm trying to work out ho

it is probably modest, this impact on microsoft.was a shining light and it does not give much hope to other companies like facebook, twitter that for a long time have been barred from china but held hopes to eventually be able to operate in the country. shery: what is the outlook for microsoft in the country? >> i don't think it is particularly good. facebook and google have struggled to find a form, an entity that can operate in china. linkedin was able to do so because it reached a compromise with the chinese authorities, which was it would restrict the types of content allowed on the platform. in march, that is when along with the broader burglar tory cracked and we have seen from chinese authorities, that is one thing started to be hampered. morningstar thanks the regulatory crackdown is done. we don't expect further policy announcements into the fourth quarter. companies know where they stand. across political analysts, market analysts, i don't hear anyone saying they think the situation is likely to change or improve such that

i like microsoft here. i like the enterprise, the opportunity and what microsoft does for small businesses going forward. i think generally, faang has been selling off weiss makes a good point on just the general reset. i think that is obviously happening. so but for me, i think the pick would be microsoft you know, in where tech is right now. where the opportunity is i like that name here. >> we have a lot of moving parts today including news out of the nation's capitol we are following the debt ceiling debate >> president biden is not backing down in this fight with repub republicans over the debt limit. he said congress needs to raise the debt limit but that republicans need to get out of the way and let democrats do this on their own. importantly, he resisted pressure for democrats to use the fast track reconciliation process in order to raise the debt ceiling he said that that process is an elaborate procedure scheme and there's no time to do t. he said that is when accidents could happen now democrats

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microsoft says only a small number of latest attempts have been successful.racing ended in tragedy, when a driver lost control and crashed into a crowd of spectators, two boys-- just six and eight years old were killed in the wreck on saturday near san antonio. eight others injured. thousands attended the event which had drivers speeding down an airport runway. the big news on wall street, tesla topped $1 trillion in market value today. its stock jumped nearly 13% after the rental car company hertz said it is buying a record 100,000 electric cars by the end of next year. the deal comes more than a year after hertz filed for bankruptcy at the height of the covid pandemic. all right, up next, how tom brady made a young fan's dreams come true. young fan's dreams come true. ns? at nature's bounty, we give you more. more immune support. with the only vitamin c that lasts 24 hours. more restful sleep. with the first-ever triple action sleep supplement. we put more of our brains into helping your heart. we give you more wellness solutions backed by rigorous science

microsoft now the world's most viable company by market cap, overtaking apple on the but also microsoft had a great run, it's 11th consecutive quarter of beating estimates. let's talk about the company formerly known as facebook. over five days, down. we get this drop off in earnings, concern about advertising linked to apple's changing. somebody pulled a canvas sheet off the sign and facebook has a new name. the stock was higher for the last two sessions. we will go through it later in the show. the question is, how long does the transition take, and how long until meta makes money on the meta-verse. what a mouthful. emily: and how long to call facebook meta? it would take a long time to get used to it. thank you. it is all about the social network rebranding and expanding ambitions to the meta-verse. >> starting with the most important experience of all, connecting with people. emily: the social media giant announcing its new name after days of speculation. the company is in the middle of scrutiny over safety and content issues. will the new name and focus change its reputation? i'm g

back to you. >> thank you. >>> meanwhile, keep an eye on microsoft.h levels going all the way back to the ipo 35 years ago in 1986 you can look into the future here on "tech check" when microsoft reports earnings next week don't go away. ♪♪ ♪♪ ♪♪ 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. >>> he can kriktexciting news to announce, binge is back, interviews with the names behind the shows and content upending hollywood. our return kicks off monday with the ep of succession frank rich. episode two sunday night. ♪ >> have you heard from the murdochs about succession? >> we have not heard directly. james murdoch gave an interview after the second season aired saying he never watched

they pioneered the move to become soft wears of service microsoft followed suit. was very involved with first adobe and now microsoft, and now it is the whole industry do you know how the original decision was made, them going instead of selling for x amount period you have to subscribe did they realize the kind of potential it was going to unlock this >> surprised me n. that fort knox interview he told me a big part of what drove that decision was the financial crisis adobe had to layoff. they hate doing it he said when management has to do loifs, the first time, you can blame the macro environment. the second time it is management's fault we are relying too much on product cycles how do we even it out? plus jeers were saying we want to roll out new features but it is too hard to do through boxed software how do we fix sit in subscriptions and engineering the productso it is back and forward with kpartible they went through the process in part to save the work force. everybody, satya nadella, intuit, all these companies have came to adobe to figure out how to mak

microsoft is concerned, i'm obviously, i remain fairly bullish on microsoft because they are doing everythinght. they're in all the right places. google maybe has a limited upside at this juncture going into year end. >> there's so much going on and it's different with any individual company we'll talk about snap and fac facebook you mentioned yields let me go back to that really quickly. i think moving past earnings into 2022, i think this is an unpopular point of view that cyclical dynamics are a good set up for technology and growth as we get into next year, you'll see leading economic indicators start to roll over you'll see demand slow a bit just as you're starting to see supply chain issues work themselves out i think you see inflation peak and what happens is interest rates follow pmis lower. that ends up being a pretty good environment for a lot of these stocks if you want to be defensive about it, unpopular given everything that's going on but i think facebook fits the bill there. i think facebook is probably arguably the most undervalued fang at this point in time facebook is probab

microsoft, google. then onto apple.pple was in the news because of the supply chain story, a struggle to meet demand. we thought that would really define this quarter. so far, it hasn't. margins have held up. that has been the story of the year so far. tom: i think the powerpoint, buried in it, you see the reality of ge aviation. their fleet is down 18%. that is their calculation. they are parked on the ground. but away from that is the idea of pretty good margins, even with flat revenues. is that tech? no, but it is good. jonathan: you see what you get here? commentary on the numbers, and column and terry on the -- and commentary on the powerpoint of the earnings release. [laughter] you're the only man i know who gives critiques on the powerpoint presentation. tom: stop the show. this is really important, the way the media looks at the earnings. the parlor game is different than the way global wall street looks at it. you've got to listen to the conference call. you've got to go into the data. our guest coming up, this

on deck later, we have alphabet, microsoft, and twitter.o bloomberg's laura wright with the takeaways. what are you looking at this afternoon? laura: the market was really focused, what are they going to do for advertising revenue? can they overcome that negative crescendo of new slope? the earnings came through and it was a -- crescendo of new slope? the earnings came through and it was a slight miss. they were at the lower end of analyst expectations. daily and active monthly users broadly in line with expectations. this is in the context of a stock that, year-to-date, has rallied 20%, but still 14% down from its september peak. i can show you some of the most interesting takeaways. the reason why facebook missed primarily is those apple privacy changes. on the call, executives cited that is the key reason for the mess. -- for the miss. facebook is essentially boring world we can't perceive or imagine at this stage. the oculus headset. we also had the collaboration with ray-ban on smart glasses. the market like to the news of the $50 bill

but microsoft found there was a new twist on this one. >> they were attacking a new part of the supplyesellers who worked to supply cloud services to their customers. we wanted to -- once we understood this this we really wanted to alert that part of the supply chain to what we were seeing and most importantly what they could do to protect themselves and customers >> now, microsoft says between july 1st and october 19th of this year they informed 609 customers that they'd been targeted 22,868 times by nobelium, the microsoft name for the group russia the svr intelligence service. microsoft says this is an enormous increase in the nation state hacking they've observed the past couple years. all of this bad news for the biden administration which has been talking about the lull in ransomware hacking since the biden putin summit but a u.s. official downplayed the findings saying based on the details in the blog, the these are unsophisticated fishing operations for the purpose of surveillance we know are attempted every day by russia. shep, in reaction to just this kind of hacking and spyi

excuse me, microsoft. now microsoft is more valuable by $26 billion.eing an old-school software company they are less prone to issues from the supply chain, and that pays off relative to the competition with apple. as for energy, really nice stock performance is here for the likes of chevron and mobile, off of the highs but they beat record cash flow for chevron. the premarket had been higher, but oil has simply been higher, benefiting the big energy companies. alix: it will be a fun conversation. we will be hearing from the chevron cfo in this hour. as well as the adco ceo who reported earnings yesterday and moderna when we talk about boosters. we will talk about sentiment numbers and what it says about the economy. michael mckee is with us now. highlight for me, the employment cost index and how high it is right now. michael: that caught everyone's eye. you said amazon and apple, there were questions of the problems were transitory. that term belongs to the inflation hawks. there is reason to be concerned. the fastest pace on record, that pushed us u