we will get a response from microsoft.oesn't apple have enough gas in the tank to continue its car points? we will explore the answer as engineers continue to switch gears. all that in a moment. first let's get a look at the market. u.s. stocks falling at the economic threat of restrictions to control the new variant outweighed optimism about the efficacy of vaccines. our kriti gupta joins us now. kriti, it is all catching up. kriti: it absolutely is. the market getting hesitant about what should be believed about the omicron variant and what should not. we are starting to see a lot of confusing data, a lot of mixed signals about what is happening abroad and what is happening here. remember, we are also coming off a three-day rally. some stocks letting off steam, and that is exactly what happened. it led to the downside by the nasdaq. yields and the dollar we want to pay attention to. we get the cpi report tomorrow. the yields, tech relationship is something we want to watch. we want to watch the dollar-tech relationship.

. -- netflix, microsoft.o you think the u.s. is dominated by two few -- too few companies and that something should be done to weaken their power? reid: i think we are going from five massive tech companies to 10. i think we are already naturally headed in that direction. you can see it with things like netflix and salesforce. it is about creating a breath of additional global technology companies. when you go around and you ask what all of the -- the venture capitalist, it is like we are having more and more start ups, more ability to create amazing new tech companies. if anything, i think we are already on that trajectory. david: do you think alibaba tencent, baidu, can they have their technology become very dominant or important in the united states and around the world? are we competing for market share outside of the united states and china? >> ethic we are already in that world. if you look at the things that alibaba is doing in terms of spreading the pay into south america and africa, i think the notio

microsoft itself has been the victim of cyberattacks. microsoft called your research self-serving. your response to that? george: i think we are just presenting the facts. we did not come up with the math on this, and when you talk to customers out there and you know the feedback is they are being attacked. these technologies are not being able to prevent them. one of the biggest areas is customers fatigued with constantly passing all the latest vulnerabilities which the bad guys are taking advantage of that. i simply hope microsoft is able to address some of their issues. we want the best security for the entire landscape, but at the end of the day, it is a big problem in that a lot of the software they have is causing issues and their technologies are not able to keep up with defending those attacks. emily: you're saying microsoft software is causing the issues. what evidence do you have? george: if you look at the zero day attacks, they are against microsoft. a multitude of attacks against exchange servers as an example. if you take an example on their authentication mechanisms,

so how do you use that to make the argument for why microsoft is the way to go >> microsoft has the mostensive cloud solution and the microsoft cloud of anybody that's out there. that's a statement of breadth. that's a statement of the offering we have infrastructure, of course we have to have that we also have advanced pad solutions all of the way up into the size of the applications most recently we pulled that up as well as other new cloud offerings and the growth speaks for itself we surpassed $20 billion of revenue. that's a 36% growth rate and on top of that, azure group by 50% which size a product guy, that means i'm solving the right problems. >> a little shade there if you're looking for it. you can watch that full interview, and he talks about building out microsoft cloud for health care, retail as well as manufacturing again on our twitter page on cnbc tech check, as well. >> great stuff, john and we're only half way, and if you want even more you'll get it very soon crowd strike, snowflake reporting results in just a few hours and catch the latest on tech check including thee

microsoft is banking on it. spoke with the ceo who told us about his visit to the virtual world. >> whenever i think about the metaverse, it comes down to bringing real-world places and things to the digital world, and for us, this happens in the consumer space. we launched hollow lens. we talked about the gaming implications of it. the commercial use cases have become much more mainstream, even though sometimes the consumer stuff feels like science fiction. i was able to visit the nhs hospital in the u.k. i was able to go to a tell you it a manufacturing plant, to a remote site, even the space station. the ability to have the malleability of digital reality will really help bring things together where the real world and digital world emerge. the two announcements we are making at ignite speak to it. we have dynamic spaces, which brings the metaverse capability to hospital, retail or manufacturing line, and we are bringing mesh meetings to teams. emily: has your avatar joined teams in meetings? satya: we've had

david: when you sold the company to microsoft, you went on the board of microsoft. reid: yes.me ask about that. microsoft was a technology company that came out of nowhere, became a dominant software company. many people thought it would go south as it was, you know, getting older and older, but transformed itself when satya nadella became the 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 -- 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 other kinds of things and being willing to be bold in the creation of xbox and the gaming franchise. now, that being said, you know, the thing that satya brought back with vigor to the company was a focus on earning the ability to build the next genera

i simply hope microsoft is able to address some of their issues.curity for the entire landscape, but at the end of the day, it is a big problem in that a lot of the software they had is causing issues and their technologies are not able to keep up with those impacts. emily: you're saying microsoft software is causing the issues. what evidence do you have? george: if you look at the zero day attacks, they are against microsoft. a multitude of attacks against exchange service as an example. if you take an example on their authentication mechanisms, credentials are used to get into companies and move laterally, part of the microsoft ecosystem. they're trying to address that but at the end of the day, that means vulnerabilities are relentless and it is fatiguing customers. to top it off, you have microsoft saying let's use our technology to prevent vulnerabilities we have created in the first place. emily: there have not been as many high profile ransomware attacks in the second half of the year as we saw in the first half. do you see the volume or sev

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david: linkedin was sold to microsoft word $26 billion.ate that when you started the company? reid: one of the things to think about with strategizing, like a framework called abz planning, is to think about the spread of outcomes. what is the greatest and worst out,? what are the intermediates? what can change the landscape? i knew linkedin could be a network that would be transformative and it was the kind of thing that most aligned with microsoft's mission. does that mean i knew microsoft would buy it, the largest acquisition in its history? the answer is no. i thought it was a possibility. the goal was building something that enabled every professional to transform their career by collaborating within a network. david: when you sold the company, you were on the board of microsoft. let me ask you about that. microsoft was a tech company that came out of nowhere, became a dominant software company. many people thought it would go south as i got older. it transformed itself with a new ceo. were you shocked and surprised at how the company

make the case for microsoft. >> i love microsoft.ou know, microsoft is one of the businesses that i think is insulated from a lot of what is happening in the world today that's bad folks are worrying about, you know, a labor shortage microsoft makes about a million dollars on average on every employee that they employ, over 180,000 people, almost 180 billion in terms of annual revenue. so i like that they've got a really low ratio of sales to employees. clearly there's not a big labor shortage that's impacting microsoft. that's number one. number two, they've got incredible pricing power they've just announced in december that they're raising prices 20%, and the market has not blinked. in fact, you know, they're predicted to double some of their businesses the majority of where microsoft is generating its revenue is business consumers again, they're not really so concerned about that inflation i think microsoft has the ability to raise prices. they've got pricing power. they've got a really low ratio of employees-to-sales. i think mi

microsoft has raw talent.me key franchises like office and windows and being willing to be bold and the creating of the gaming franchise. -- creation of the gaming franchise. what i think they brought back was a focus on earning the ability to build the next generation of products. starting with his own background in azure and transform it across the company. we are only one company in this universe and we are going our absolute best to surprise and delight our customers. >> let us talk about the different skill set. you need a certain skill set. what is that skill set and how is it different to be an art nor --entrepreneur? >> you have a vision for wealthy world is moving towards -- where the world is moving towards. in the case of a new technology or market shift. something that gives you a market opportunity. you can assemble through your network the assets, not as capital, the talent, the ability to build. you are driven by the cadence of a complete focus by how do you navigate that path which can include

microsoft, another name to watch, 50% this year, evercore telling clients that microsoft remains one of the favorites for next year. enterprise i.t. spending remains at an all-time high and microsoft benefits from that, he says given the product offerings across cloud computing, productivity and business applications and it is also in the early innings of several next gen categories and microsoft is continuing to deliver strong beat and raise quarters it's a staple he's arguing into any software portfolio heading into 2022. we'll end on nvidia. a remarkable run and jim cramer, and that stock up about 130% this year and remember, it was up about 120% in 2020. though surprise, some are nervous about valuation and is all of the good news priced in now, they wonder others, tech investors should not be buying or selling on valuation in and of itself he still says nvidia is a buy and demand for nvidia's products is strong and shows no signs of abating. back to you. >> valuation are a big question. i would imagine, jason snipe, people were thinking of valuations of these three stocks in par

with microsoft.olio companies that we choose in terms of fitting into the microsoft strategy of industry cloud, in terms of vertical is asian, and then anything that is horizontal around security infrastructure. working with microsoft, we accelerated assets to their programs which makes a difference in the partnership with microsoft. our portfolio companies get access to the go to market programs that really help accelerate their scale and adoption and that is incredibly unique about microsoft and that is where our partnership is framed come around that access. you've got a lot of technology companies that have built fantastic technology but can't commercialize it. that is really our focus. kathleen: thank you so much. coming up, commonwealth bank of australia moves closer to its sustainable lending goal with its agreement with northern trust. more details, next. this is bloomberg. ♪ paul: commonwealth bank of australia is draining the green repo markets, striking a deal with chicago-based wealth man

we talk a lot about how that hasn't dingd microsoft across the board.o certain products have, like the x box consoles it hasn't hurt yet but as those supply chains continue to get worse, then they coin 2022, and that's another risky flag big thing to continue to watch next year, josh. thanks for that. and we're going to stick with this market theme. they talked about the un underperformance of the nasdaq versus the s&p this yaear and ae versal of what we saw in the pandemic in 20 20 but i've been looking sort of within tech at the qqq, the n nasdaq 100 versus the arc o innovation and that really tells a big story here it is sort of the megacap that we've been talking about that have had another great year. but these momentum names have really taken it on the chin. >> absolutely. they dominated the market the more speculative things in the first couple of months of the year keep in mind last year at this time, it already had a tremendous amount of momentum and it continued for another let's call it six or eight w weeks. and it it's not just size it's pro

you know, i was looking at microsoft just for one, which i have long said is really the most important stock in the market over apple just because it's a more pure measure of demand for the classic tech business model that's not really about i love the product, i'm going to buy the stock that's responsible for about one-sixth almost of the net s&p 500 gain this year is microsoft going to go up 53% again next year on a $2.2 trillion market cap right now? i am unclear and that's really a hard bet to make but i would feel worse about this trend if it was obscuring some kind of scary macro message going on under the surface of the market right now that's not really the case a little bit of a tilt towards defensive classic and defensive sectors. what are people complaining about when they are complaining about mega cap dominance is it you had less of a chance to beat the market and giving you a false idea of the markets underlying strength and supply demand maybe it's all of that but when the equal weighted russell 1000 is up 20% something on the year, it's hard to say it's been just a hand

microsoft is pretty much back to its all-time high.sold half of his stake which is very rare for him to do so. and, again, neither of those two sales has signaled to the market which it could've done >> that's exactly right. musk -- he's often said all the way up that he thought tesla shares were too high that's kind of a humble brag to me but also the fact that he kind of got it out there that there were these kind of mechanical reasons that he needed to be selling to raise liquidity to pay taxes, otherwise these options expire so there was a bit of a prompt for the activity that being said, i'm very much with you that you could take a very broad view and say musk selling, bezos steps down, zuckerberg changes the name of his company because he seems not to like the social networking business dorsey leaving twitter you can create a story line that says this generation of tech entrepreneurs feels as if me being in the short term is as good as it gets, but i'm not sure that's going to be a money-making option. >>> after the break our can

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when i'm talking to my client keep a bit more defensive so whether it's microsoft, large cap spectrum, look at i.t. services waer we're still many the early part. they really benefit from this digital transformation trend they are not crazy expensive moving down bit to the semiconductors again look at marvel then kind of semiconvicequipmene are the arms dealers >> joel, name some names which are the companies that are the top sells right now. >> there's a long list of them at the top of the list is ro robinhoods it was at the heart of the meme frenzy that we saw it led to the over estimation of valuation and growth trajectory. i think data points to names like robinhood peleton was out there as a work from home play people aren't rushing to buy new bikes and more of tech name, docusign last quarter was a disaster. they confessed that pandemic tailwinds faded a lot faster than they expected and faster than the investment community expected i don't think you can touch it for one or two more quarters >> docusign and peleton benefitted from the work from home trade we starpted off talking

what is it >> microsoft what i love about microsoft, it is an offensive and defense i name looking at that is not just a stay-at-home trade. a few trillion over six, seven years. benefit and rerating name. it is a defensive name a safety blanket name in the volatile periods a $3 trillion mark cap next year. >> biggest drag on the dow today. any concerns about the docusign? >> docusign i continue to view as company specific why the gold standard of cloud continues to be microsoft i view that as a sell-off of microsoft or adobe on a docusign miss i think that is really an opportunity to own this name especially what continues to be a fourth industrial revolution play i view microsoft even more as a buy today. we are buyers on weakness. >> quickly not to push it further but not worried that satya sold the stock a week ago and applied to tesla now >> no doubt. it raises eyebrows among investors but looking through the checks for microsoftand look at what happened across the board this is a company in acceleration mode especially as more move to the cloud and fundamentally this is a name t

apple, microsoft, amazon all finishing today firmly in the red. what do you make of today's sharp sell-off is this a warning of more selling ahead? yesterday it was all party time. what happened, guy >> that miley cyrus song i think people are starting to realize valuations in this environment, many are doing the math and saying maybe these names we haven't talked about so often are not going to make sense in 2022. i will submit this now is the time you have to look at levels to get back into some of these names apple is an amazing company. but you have seen 20 to 35% drop several times over the last five or six years i would say previous all-time high, the september 7 all-time high of 157, i think that's where it is headed and where you get back in. can you see a 25 or 30% move yes. it looks scary and should be, but there are levels that should make sense >> guy mentioned in this environment. brian kelly, what environment are we in? we took a look at yields they were flat to lower. it didn't make sense it is a head scratcher that tech is getting

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here is faang plus microsoft versus alphabet. the big ad platforms, they have underperformed for a wide margin in this time period. those white and green lines at the bottom on your screen there, while apple and microsoft and amazon, netflix as well, they're all clustered at the top of that chart. doubling those returns, carl >> interesting to hear sculley prefer digital advertising >>> why our next guest says comparing bitcoin to a ponzi scheme is unfair to ponzi schemes. we're back in two. every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >>> after c

dow is mostly flat being dragged by microsoft, salesforce and cisco. tech is underperforming. the biggest lagger amid s&p sectors right now. stocks moving lower within it including adobe, microsoft and alphabet more on that in a moment let's get a news update first. >> good morning. here's what's happening at this hour senate democrats have chosen to seek a $2.5 trillion increase in the u.s. debt limit. that amount should be enough to delay further fights over the debt limit until after next year's midterm elections a senate vote expect later today and prices up 9.5% over last year food and energy inflation helping drive the november surge. >>> pfizer shares hit an all-time high today. the company says its covid pill is 89% effective at reducing the risk of hospitalization and death unlike merck's pill. >>> kroger is ending emergency covid leave for unvaccinated workers who become infected. kroger will raise health care costs by $50 a month for unvaccinated managers and nonunion employees you are now up to date julia, back to you >> thanks so much. >>>

dow up 58 points, now look at microsoft. it is up sharply. microsoft is a dow stock up $8.ally faded hasn't it? all right, incomes up, however, inflation is up even more, result? workers are worse off. have i got that right? lauren: you do, an ap survey finds four in 10 americans are feeling inflation and 50% making under $50,000 a year say its had a major impact on their finances it's eating away at any wage gains, that's why we did the google story at the top of the show. everyone said well you're going to raise our wages even more, and then we got the university of michigan survey. direct question. is inflation or unemployment the more serious problem? 76% said inflation, 21% said unemployment. stuart: yeah, i think the market is beginning to understand that a 6.8% inflation rate is not a good thing and you don't normal ly rally with that kind of inflation rate. okay got that. now, then, after an already pricey thanksgiving, food prices keep going up. lydia hu at a meat market in new jersey, all right, lydia, got the right place, have they had to raise prices at that mea

i know we are focused on microsoft. that's a stock up 47% year-to-date so a little bit of selling heading into the end of the year i don't know that sets off any alarm bells for me i don't think the big tech trade has died if anything, i think it is just getting going. you may have a quiet period through the first quarter of 2022, but i'm operating under the thought that you have falling money supply, prices have risen financial conditions start to tighten. in slowdowns you want strong fundamentals, and technology has the highest concentration. amd, apple, these are names i think will continue to do well relative to the fed i i think we all know what's coming but look back to 2015, 2018, they outperformed. i don't think the tech trade has to go poorly because of the macrobackdrop. >> i will go back to tim you talk about chevys and levees that i am not sure connects to this conversation. >> sorry about that. >> you say the story has not changed so this is what the market is doing right now, but i am not doing that. >> we

the microsoft desire to collect aq vig for online commerce. that term was used by outside commentaries. james will refer to it at the time as a vague. it's sort of a slang term. it's used by bookies meaning they take it cut when they bring bettors together. i asked that the new york times record be part of the record. they in effect collect -- collected a vague for every transaction over the internet that uses microsoft technology according to the article. microsoft was actually never successful in that effort because antitrust enforcement police the company. since then, there have been years of lack of antitrust enforcement. apple and google have managed to do what microsoft was not able to accomplish at the peak of its monopoly power which is to collect a vague and every transaction in our app economy. today, apple and google use their duopoly to take a cut of all paid apps and all in app purchases of digital goods and services. typically it's 30%. that vague has far more profound impact on most consumers than the vague collected in those da

you know, google, amazon and microsoft. and the note basically said the one thing we've noticed about oracle, oracle's cloud is that it never, ever goes down we can't say that about any of the other clouds >> yeah, not talking about any, calling anybody else's outage out specifically but just saying that said, i was noticing, guys, in one year performance this move today so far takes oracle past amazon, microsoft, google, alphabet but, of course, on two-year and five-year performance, all of those still beating oracle but that's why i say you have to be careful about all this dinosaur talk. for 20 years people telling me everybody hates oracle, everybody can't wait to get off oracle not everybody is getting off of oracle >> yeah, i thought it was really interesting that throughout the call last night -- >> sorry, jb >> throughout the call >> john and i've already seen headlines today comparing oracle to the next microsoft. but that's why this space and mega cap enterprise software continues to be so sudieductived interestin

. >> our next viewer asks this thoughts on microsoft making all-time highs in the coming weeks, pleasehave to take the question. >> yeah, i like microsoft, especially if you look at the stability of the azure cloud growth here alongside with the migration over to a higher multiple business, the office 365 cloud business and couple that with the margin expansion, i think this justifies the multiples that microsoft is trading at. i think it justifies further upside i will use a call spread or a call diagonal to play for further upside so that i can reduce my exposure if there is a pullback from that all-time high. >> okay. 20 seconds for the final call. let's go carter >> centene, a defensive stock acting offensively >> tony. >> facebook. fade the strength using a call spread >> aka meta. mike >> staples, i like 'em. >> the consumer, not the retailer >> that's right. >> all right carter, tony, mike, thank you for taking it easy on me thank you all for watching "options action. id'll see you right here next fray at 5:30 eastern.options ac. "mad" with jim starts right now. have a great wee

emily: you were at microsoft.see magic leap complete -- competing with microsoft and facebook, huge companies with deep pockets that will invest heavily in this technology? >> there is enough room for all of us. we are focused very much on enterprise. we are in a handful of markets. the health care space, manufacturing and the public sector and defense markets. these are areas that are used to having displays and we have useful applications for companies building tangible return on investment with these devices already. we intend to partner with companies going forward. the metaverse buzz has brought a lot of interest back to magic leap. our feature set, our device. we are excited about what the future holds. emily: we were looking at the video that magic leap released before your time at the company with the elephant in the hands, that created all this buzz about the future of augmented reality. is the elephant really possible someday? or does it already exist in maybe more exclusive enterprise circles? or is the

ar, as it's known, projects graphics on top of the real world using headsets like microsoft's hololenss of lockdowns and meetings with friends, family and colleagues via video call, is now the right time for an idea like this one? there's quite a few people that have got fatigued by having to have video chat meetings and things of that nature and that they realise they now crave human contact. human communication is about 5% speech, it's 95% everything else. i've been in my — in my, you know, living room with the entire team around the table, right? making eye contact, where all the gestures are coming into the right place and i can touch that digital object and instead of having a person next to me, having a walking one on one, i can have the avatar version of that person one on one next to me, so it changes completely the — the, you know, call it the �*screen fatigue' we're feeling today. the next piece of the metaverse puzzle isn't just about seeing these virtual worlds, but feeling them as well. work on haptics or forced feedback — the ability to touch and feel while inside a virtu

piece today about microsoft micrand it's basicalla thumb sucker saying microsoft isn't so bad david,he gains for this year have been so outsized that there are a lot of people who are thinking, i got to get out before the other guy but then you'll get the christmas rally. the eighth day before the end of the year has historically been -- if you buy things that day, you've almost always made money. let's just wait. >> you've also got potential tax law, selling of the losers at&t shares -- >> i'm not mentioning at&t. >> okay. i just did >> craig moffitt did that very good sell. i asked him about the phone stocks and he said, i don't know who's been more negative, you or me >> that's saying nothing because my level of negatinegativity has been at a higher level >> they never called me and said -- actually, someone did call me. >> far lower multiple than originally was planned really announce a deal and you lose 30% of your market value from when you did it is it really going to be that these two companies separated are going to -- come on. that doesn't make sense. are we that much weake

as we had to break, let's take a look at microsoft and at&t.ommunications giant has agreed to sell its agribusiness to microsoft after the carrier decided digital advertising was not central to its operation. this is bloomberg. ♪ emily: girls who code, the organization that claims -- aims to close the gender gap, is now accepting crypto is a form of payment. joining me now is the founder. thank you for joining us. what are the opportunities that you see by accepting crypto for education and empowerment or increasing accessibility? >> one of the reasons why we decided to accept crypto is because we want our girls to not just fully participate in web 3.0, but to rule it. what i have learned the past 10 years in building girls who code and trying to make web 2.0 more inclusive and less exclusionary is that it is really hard. when a platform is built without women and without people of color, it is hard to push our way in. i think with web 3.0, we have this opportunity with crypto, nft's, and anything else that is coming up to have girls be a part

if you're worried about something, you fall back upon your apple and your microsoft and your alphabet. >> i just feel like, steve, we've already decided that now he's mr. hawk, that the dots will show you have more rate increases coming in the near-term -- not the near-term, but in '22 than perhaps we first thought, maybe it's not going to be as a hawkish scenario as we've already decided it is based on his pivot and he may be sitting back and thinking that all of this talk about his alleged pivot is being overdone. >> you know, possibly, but he was so emphatic in his testimony in front of congress that it would be difficult for him to come back from that at all in other words, to lessen that the impact that that had and he's well aware of it and there have been opportunities from other fed governor, although it's very difficult for them to speak so close to fmc meeting for them to dial back. nobody has and to me it's going to be in the inflation numbers that we see in the plot there, but here's what i also say omicron is clearly what's driving the market at this point in conjunction

apple and microsoft specifically have been massive movers in this particular trade.ot of folks going into those names, some for different reasons some as a possible safety trade and others saying it's been a thing that worked in the last decade plus so watch those mega cap tech names. >>> morgan stanley is naming apple a top pick for next year margins compress and eps revisions peek, it prefers stock with more recuring revenue and apple being the pick based on the most recent share count, apple will hit a possible, hypothetical, $3 trillion valuation when the stock price hits around $182.68 or so. that's going to be a level to watch. >>> the broader market story as well with lindsey bell, from ally invest, also a cnbc contributor. i have to know, i have to find out whether or not you think the large cap tech trade, which has worked pretty much since the depths of the great financial crisis is the one that keeps working in the next five to ten years? >> you know, i think at least near term maybe a little shorter than five to ten years, it probably has some legs for th

not nvidia, but apple and microsoft not as strong.haps the last couple of months but a lot of interest as we head into 2022. you know, josh talked about a lot of these reasons, apple, 42% of the revenue is coming from the phone. 25% from their services, 27% actually from their services, you are looking at that saying is there any reason to believe these two revenue streams slow down i think that the answer for most people is still going to be no i know that you know valuations for all three of them as josh mentioned is something to look at we're coming off our 70th record close for the s&p 500. i think there has took note of caution overall, going into the year that's going to be difficult to duplicate these last three years >> are you clients showing any caution, j.j.? are cash levels relevant to history? >> yeah. if i look at where our clients are in terms of their exposure to the mark overall, will, they're not as high as they have been earlier this year they're just above average i would say. and you know that's paid for them to h

ar, as it's known, projects graphics on top of the real world using headsets like microsoft's hololenseetings with friends, family and colleagues via video call, is now the right time for an idea like this one? there's quite a few people that have got fatigued by having to have video chat meetings and things of that nature and that they realise they now crave human contact. human communication is about 5% speech, it's 95% everything else. i've been in my — in my, you know, living room with the entire team around the table, right? making eye contact, where all the gestures coming into the right place and i can touch that digital object and instead of having a person next to me, having a walking one on one, i can have the avatar version of that person one on one next to me, so it changes completely the — the you know, call it the �*screen fatigue' we're feeling today. the next piece of the metaverse puzzle isn't just about seeing these virtual worlds, but feeling them as well. work on haptics or forced feedback — the ability to touch and feel while inside a virtual space — has been going

microsoft surface devices, orchestrated by cdw. they adapt to each user and deliver multi-layered security, so your workforce gets seamless experiences wherever they roam. for devices that fit your unique workforce, trust microsoft surface and it orchestration by cdw. people who get it. >>> let's get a check on this morning's other headlines. phillip mena in new york with the latest good morning, phillip. >> hi, good morning. we start with breaking news five people are dead, including a suspect in what colorado officials are calling a killing e spree. it all started in denver three people were shot and killed across multiple locations. denver police say the suspect disabled one of their cars before driving into nearby lakewood and causing more chaos. another victim was killed in lakewood a police officer was shot and needed surgery the suspect also died but it's unclear if he was killed by police a massive investigation is under way. >>> western states are getting walloped by winter weather the sierra mountains getting hit by white

there's a report that microsoft will get clearance on nuance in the eu >> you've still waiting for that slack is very, very good. benioff gets mentioned on the oracle call, and there are people who didn't like the benioff guidance remember he cut it down to 72 cents, and explaining the dollar. >> i'm glad we're in the benioff part of the show now we did the farley part i want to talk about microsoft, and you can't help yourself. >> where's our -- jensen we should just have segments titled -- >> you want that there's a report out today about who are the winners in the omniverse, metaverse, and where is -- there's not even a plaque or monument to jensen. >> so the as toic is getting hit. >> it's down fractionally now, when -- and that it did curtail some of the enthusiasm mark did have -- he's been having these very interesting salon dinners. he had yo yo ma. >> he had him in person? that wasn't in the metametavers >> you have to have a pcr to go to the dinner. these days everybody has to test for everything by the way, testing is much easier, thankfully binax is everywhere, and the stock

first microsoft and another player is pulling out of ces.e'll tell you who. >>> we will tell you the new return date for employees working from home. - hi mommy! - hi honey! oh i missed you! you just want to video call the kids. ok. ♪ hush little baby...♪ ♪...don't say a word...♪ but if slow upload speeds turn your goodnight call into an accidental horror movie... can you hear me? shut it down. just remember. you're not a bad mom. you just need better internet. at&t fiber delivers faster upload speeds for more reliable video calls. get at&t fiber, plans starting at $35 a month for a year. limited availability in select areas. call 877.only.att. ♪♪ reynolds wrap makes this whole cooking and cleanup thing so easy. it speeds up this... so i can get to them. easy prep, cook and clean with reynolds wrap. - music education can lead to big ideas. - i need big shows, big ideas! - hey, i have a big one! - not only does it build confidence and creativity... - music helps develop critical thinking, communication, and can boost overall academic performa

admittedly, these companies are growing faster than a company like microsoft, companies like apple and google it is a matter of what is the right valuation and where are investors as a whole putting their priorities. >> speaking of priorities, of course everyone thinking about interest rates rising next year, how much, how quickly. you appear not as fearful, greg, that interest rates will rise as steeply. walk me through that. >> yeah, i think in terms of at least one opinion is looking at the current data, i think there is a lot of data that supports the fact that inflation at an incredibly high level is likely peaking. from here we enter disinflation. and in a period of disinflation, we can hopefully enter a period that investors have come to know as gold elocks where if inflation retreats enough the fed won't be pressed to move as fast as some believe they will i believe interest rates will go higher but if you look at the bond market, the bond market has really done anything since powell opened his mouth. in a lot of ways it is saying interest rates might not move as fast as we thi

let's take a look at microsoft and at&t. they have agreed on a sale. bloomberg. ♪ parks to not just participate, but to rule it. what we have learned what i have learned over the past 10 years in trying to make web two inclusive, it's really hard. when the platform is built without women without people of color, it's hard to push our way in. with web 3.0, we had this opportunity to have girls be a part of it from the ground up. that's exciting to me. >> companies like kickstarter, they got low back over announcing their crypto plan and girls who code got pushed back from twitter. someone tweeting take note of the fact that the only people voicing support are people who made their entire personality, nobody except grifters thanks this is a good idea. what do you make of that and how do you respond? >> i wasn't surprised. a lot of the pushback is around climate and potentially being a scam. there's a lot of fear when there's something new. here's the reality. 23% of black americans own crypto compared to 11% of white americans. 50% of those are women. th

so that is always -- was always going to be a challenge for them we are owning microsoft rather than, you are just fighting against natural kind of laziness at point you kind of quit your scheme everybody is going to take up their new year's resolutions, you are going to do it for like a month and then you're going to hang your clothes on it and get rid of it. >> i still kind of want one, mike, but then maybe i can fully live out the trajectory of being excited to get it, using it for a while and then realizing gina was right. >> i had a similar pang to do that, kelly, and partly the lure right now is that it doesn't feel like you are just being a lemming and doing what everybody is doing >> right >> it feels like it is almost out of fashion a little bit. so maybe that's -- maybe that will help down the road. i think once principle you should follow in looking at any of these is just forget the left side of the chart. forget where the stock came from it has no relevance going forward. it got way over -- you know, they overshot tremendously to the upside weather and traffic it comes t

growth names that is apple, microsoft, it is google, and could make the argument that even where rates are right here, they're not particularly cheap and dangerous if you consider about how much money is concentrated in them when you consider the weakness in small caps. you could consider the weakness in some of the high growth high valuation names, in spacs, in ipos, in meme stocks something is coming undone here. and it is been coming undone for months and there is one last shoe to drop and don't think that this tesla closing below 1,000 for the first time in a long time is not going to be one of the last battles fought here. so we are trotting out to the battlefield and i think the stuff has that been killed for the better part of the last six months does okay on a relative basis to everything everybody has been hiding in the stock market. >> one of the problem is that a lot morehouse holds and individuals are invested in the stock market wells fargo had a interesting stat out, chris harvey wrote that as of september 30th, 24% of household assets are in equities which is the highest

plus, security, compliance and identity at microsoft.llum, one of the cofounders of facebook. that is coming up tomorrow. i'm emily chang in san francisco. this is bloomberg. ♪ francisco. this is bloomberg. ♪ >> the following is a paid program, the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following is a paid presentation brought to you by rare collectibles tv. >> the morgan silver dollar is without a doubt the most iconic coin in u.s. numismatics history. designed by george t morgan, this series was minted from 1878 to 1904, and for one year

so in general looking for longer term and again we had to say, i like this microsoft and i love servicemmeled recently because i think that companies and software services when the selling of the company, we know there's so much out there when it comes to these businesses that they will be able to pass in the higher prices. i think that's a good example of being able to keep your margins up you been in the face of rate hikes and inflation. charles: snowflake had an amazing number that i got hammered now and look at these names big in these learning reports coming down now, vertically those names that are the fat margins and will stay fat and aaron, and keith, thank you very much and we always appreciate it. and there's always so many ideas and trends and there's never enough time and that's i invite everyone to remind the commentary and i'm telling you will love that income to, very hopeful people have loved it for three decades. for weeks and talk about this rolling corrections, we have seen it, the self correction that another question is, is a buying signal about one of the top exper