analysts love microsoft, so why do investors not love microsoft.hat's covered by wall street. 48 calls, four holds, zero sells. analysts say premium on the stock of the next 12 months. they see are rising by 18%. i am flogging them because you know i don't like to pick on any particular company, but why no love for microsoft? we will have to tune in and wait and find out. emily: we know you are an equal opportunity stock ticker, ed. thank you. this week, i spoke exclusively with uber ceo about the company's plan to out-amazon amazon. take a listen. >> i think that amazon is an incredible company, and no one is ever going to replace amazon, but we could essentially use our technology, local logistics capabilities, to power the local merchant or restaurant to deliver anything within one hour, which we think is a delightful experience. emily: khosrowshahi says uber's delivery business could eventually grow to be bigger, the idea being that it doesn't deliver just food, but potentially anything. this, at a time when other delivery services are cutting

earlier in the day, microsoft announced it was spinning new sales and services in the country. it's just the latest you as tech company to make the move it's i phone went off limits several days ago. but apple's app store and other services are still available in russia like other tech companies. it's walking a tightrope, responding to western pressure, while trying to stay afloat in rushes, tightening information sphere. the tech platforms right now are really doing a delicate dance in terms of i think it's important for them to stay operational in russia as it's one of the few tools that russian activists can use. that is not controlled by state media. it's one of the few ways of trying to get information out to counter what is coming from the rushing government. and so they are trying to both stand up to the country, but also not go so far that to and just pull the plug totally. and then being, being available, facebook lost that fight on friday. russia has also restricted to twitter, other apps a trying to hold on. spotify, meanwhile, closed its offices in russia. it said i

microsoft decided to exit the process.rosoft did not think that was the best strategic fit for its business. google has tried to take advantage. the environment we are in right now, you have the war of russia in ukraine that is happening, raising the fears even more. google can say to customers that we can prevent cyberattacks from happening in the first place and if they do, we will be best at detecting them and helping you respond to them and then we will use that knowledge we learned to protect all over clients. >> will this affect this as we see this continue to ratchet up? >> this is a major concern right now and there have been reports for google as well as others that they have made senate -- they have seen many attempts to hack ukrainians as part of this. this is going to be something that google will say will be very helpful for their existing clients that want to try out. they are looking at threats all across the web. they have done a lot of reporting and research on what chinese hackers and russian hackers are

earlier in the day, microsoft announced it was the spinning new sales and services in the country. it's just the latest you as tech company to make the move it's i phone went off limits several days ago. but apple app store and other services are still available in russia like other tech companies. it's walking a tightrope, responding to western pressure, while trying to stay afloat in rushes, tightening information. sir. the tech platforms right now are really doing a delicate dance in terms of i think it's important for them to stay operational in russia. as it's one of the few tools that russian activists can use, that is not controlled by state media. it's one of the few ways of trying to get information out to counter what is coming from the rushing government. and so they are trying to both stand up to the country, but also not go so far that to just pull the plug totally. and then being, being available. facebook lost that fight on friday. russia has also restricted twitter, other apps, a trying to hold on. spotify, meanwhile, closed its offices in russia. it said it's strea

earlier in the day, microsoft announced it was the spinning new sales and services in the country. it's just the latest u. s. tech company to make the move its iso and went off limits several days ago. but apples, app store and other services are still available in russia. like other tech companies. it's walking a tightrope, responding to western pressure, while trying to stay afloat in rushes, tightening information sphere. the tech platforms right now are really doing a delicate dance in terms of i think it's important for them to stay operational in russia. as it's one of the few tools that russian activists can use, that is not controlled by state media. it's one of the few ways of trying to get information out to counter what is coming from the russian government. and so they are trying to both stand up to the country, but also not go so far that to just pull the plug totally. and then being, being available. facebook lost that fight on friday. russia has also restricted twitter, other apps, a trying to hold on. spotify, meanwhile, closed its offices in russia. it said it's st

how has microsoft done at responding to it >> thanks for having me.e critical assets we know about it's a remote code execution which means the attacker would know the access to the network it's rated 10, incredibly severe, and you can imagine that when we talk about, you know, this cyber chaos that's happening right now, critical infrastructure, electric grids, all of these assets that are essential to our way of life, they're at stake, especially when you see these responsibilities coming from a vendor trusted by the u.s. government like microsoft, it raises questions. >> we're talking about it now, which often means a remuneration has been done. what's the status for the vulnerability, one, and what does it tell us that the additional safeguards and measures and checks might be needed to do more? >> it would be important to describe kind of the grand view of what the vulnerabilities are and how they're being depressed. this one took six months to patch. it's patched right now but these devices that are running these types of software, they have to

and google beats out microsoft in its second-biggest acquisition ever. how this changes the cyber defense landscape with ukraine and russia-related hack attacks on the rise. let's get a look at markets where volatility got the best of equities. ed ludlow is here to walk us through the day. ed: volatility is the watchword is an understatement to say the least. oil, the only piece of green on that screen, continuing its rally after the usaid u.k. said they would ban imports of russian products. you can see the rally continue, futures around $125 a barrel. generally the risk off sentiment, but we swung between gains and losses across major equity indices. really, different times in the session to make up its mind. treasuries continuing to pull the 10-year up by seven basis points. on a day with so much volatility, you have to pick out the monster moves. nickel -- there's been so much discussion around what this conflict in ukraine means for disruption to supply. russia, big exporter and producer of nickel. that chart -- i'm speechless. at one point rising t

look, they are going against microsoft teams.hat's the 800-pound gorilla in the market again, zoom, as you think about user-friendliness, price points, et cetera, i think it still stacks up well. >> will, one more for you then is zoom better off pursuing product-led growth and less sg&a spend, or are they better investing to beef you have that go to market so should they be more competing with alasian on the lower cost and letting the product lead, or should hathey become more of a traditional enterprise player with more of salesforce and the infrastructure to go against microsoft? >> well, jon, i mean, it may end up being some of both. i think without question, they want to beef up go to market, become more of the enterprise play i think they are going to go head-to-head war with microsoft teams. that's really who they run into most often most cases, it's this frieenemy element. some companies use teams and then zoom for the meeting part they can co-exist. enhancing and bolstering a huge opportunity. growing the capability, i th

emily: how is the return to work going so far at microsoft? in the process of doing that. we've declared in the puget sound we will be heading to our final stage of flexible work, the flexibility stage, which ends on march 28. many of our managers have had those conversations, and we feel like we are going to learn like everyone else. this is a very dynamic time. emily: there's a question about the future of emerging technologies, a lot of talk about the metaverse. microsoft is working on products to take companies to the metaverse. do employees want to work for metaverse? emily: we asked them that -- jared: we asked employees. 13% of employees said they didn't know what the metaverse was, but 52% said they were open to the idea of using digital workspaces in the metaverse for team activities. we've gotten the sense that there is a lot to be figured out in the metaverse. just over half of people are open to being able to use the technology. emily: over the next year, what do you think the biggest pain points are going to be? i talk with a lot

we arestill seeing weakness fo apple, microsoft and alphabet. they are down about 2 to 4 to 5% watch those particular trades. >> joining us now to discuss the product launch and the investor implications fireball blogger john gruber. good to see you. the price is higher because they think people will pay for performance and then ipad air, the max. expensive stuff but pretty unique in the performance capabilities, right? >> yeah. i definitely think in some ways what they announce is what's ready and is there really a narrative thread between the iphone sc to this max studio which is for serious professionals? if there is, it's the silicon story and they are flexing and so you've got a $500ish that has good performance of any phone on the market, whatever brand. >> they don't expect that to be high volume. in an environment where you have supply chain issue, they can make the margin dollars with these products without having to ship a whole bunch of them i think we might be in a period where for apple investors, there's a shift from the services t

we like the microsoft story. there's a handful of small and midcap names we think are below takeout valuation. what's more interesting is small and mid. those names right now are trading well below trough. >> like what >> companies like vimio, you look at some of the multiples across smid, these multiples don't make sense you look at software m&a to 8 to 12 times revenue and most of the small and midcape names trading below those names. i think the only concern we have now is are we going to see fundamental weakness we have not seen that in tech. we have seen everyone say things are phenomenal, everyone came out of the morgan stanley conference and no one is showing any signs of weakness last week. that's the concern now, do the rate hikes and insof the overhang of what's going on in europe have some fundamental impact we haven't seen that yet so that's the only big risk i would call that we're keeping an eye on what we have not seen, we have not seen that in numbers yet >> no fundamental slowdown on the valuatio

microsoft so seeing tremendous benefit from that. data banks are getting larger there is continued appetite for ai being based in silicon valley, i spend a lot of time talking to those in technology, like you, yourself, john, and try to unpack who is attracting more attention in that regard there are customers, particularly in a tight labor market, anything that can open automation capabilities have ai attached to it >> love talking to people smarter. seems to happen all of the time. michael, thank you >> thanks very much. >> door dashers are almost 70% off their high our next guest say now is the time to buy. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit cove

moreover, microsoft, some of that they'll make microsoft contacted us this week and showed us a secrett to magistrate judges and got all of our emails. back to january 2020. eight months before we even heard about the diary. and after, sean, a federal judge adopted a special filter team a few months ago in december after my home was raided, cited journalistic privilege? a month after that, the feds went behind that federal judge's back and continued to try to gag through microsoft their secret orders. microsoft filed a motion, they never sent it out but i have a copy because they sent it to me and as soon as they wrote that, the feds backed down and we published all the secret warrants yesterday. the department of justice was spying on my team, my teams, and all of our emails since january 2020. >> it's unbelievable. going to be interesting to watch this all unfold in court. i have very little time left. but let me ask you this. i have sources that told me that the contents in that diary are very disturbing as they relate to joe biden. can you confirm that? >> i have to make a decision

we will break down microsoft's annual work trend index. bloomberg. ♪ >> as more and more companies bring employees back to the office, many are saying i don't think so. a brand-new survey by microsoft finds that even more employees are considering quitting their jobs this year than last and more than half of younger workers are contemplating a job change. for more on this in the future of work, we have the vice president. why do you think the great resignation is accelerating rather than slowing down? >> we are just not the same people who went on to work in march of 2020. the people have changed in significant ways. flexibility has become something so important to them that they are telling us they are willing to give up other things including moving to a new job to get it. emily: what is the biggest mistake companies are making as they try to get workers to come back? >> when we asked leaders, over 50% asked us what would happen. that contrast with over 70% of workers who say that flex ability is something they treasure that they want to

i added microsoft and tesla.asy thing to put your moniker around, but we have to find some new leadership as well. as long as these five or six companies take a large share of the investing mindset, people are going to look for potentially regulating. we have talked a lot about regulation. i don't think the average congressman knows how to use twitter. they have a lot of people who help them. if they can't figure it out, how are they gone to regulate it? emily: we have seen tougher regulation happening in europe, but much remains to be seen. thank you, mark. coming up, decentralized autonomous organizations. what are they and what is their role in the crypto ecosystem? we are going to speak to the cofounders of the platform syndicate next. this is bloomberg. ♪ emily: it is time for our crypto report. we're going to focus on decentralized autonomous organizations or dao. it's complicated but i know you can boil it down. >> partially, these are decentralized autonomous organizations. have different vote of -- votin

. >>> microsoft is dealing with a data breach. why the company says customers don't have to we arey. >> wall street's payday rises to record. big pay >>> on kpix5 and streaming on cbs news bay area, governor looking to give drivers relief. what you would get under his gas rebate plan. >> tariffs rolled back in a move supported by business. >>> what microsoft is saying about a data breach. >>> thousands of basketball fans heading to chase center. the preparations for the sweet 16 in the bay area. good morning. it's thursday march 24. i am len kiese. >> i am anne makovec in for amanda. time to get a check on our weather and traffic. darren, we are starting with the fog lifting. >>> yeah. it's much better than yesterday. it was really widespread yesterday. now today most of us are waking up to clear skies. i do have minor issues, no surprise, in the north bay. we are seeing fog develop in the north bay valleys but those are perfectly clear skies over the city and that is completely different than yesterday. we had the whole bay socke

amd, microsoft, jd giving back some what do you see in the internals?ng pretty much all day. we have not gotten one of those kind of buying panic days. today if you look at the split, well over 2.5 to 1, advancing versus declining volumes no issue there look at new 52-week highs and lows on the new york stock exchange wi still have nor more lows than highs. the market is almost down double digits as a whole so that's not surprising but this is one of the smallest numbers or differentials between highs and lows in a while. slowly, the market is trying to get a little traction. i wanted to look at metals relative to financials they were pretty much neck and neck if you look over a couple months ago, and boom, you got the ukraine invasion, and it's all about hard metals and less about paper wealth and assets like financials. >> yeah, on supply concerns and safety concerns. mike, thank you. as we head into the close, less than a minute to go, session highs for the dow. we have continued to see this surge in the final hour of trading in the last few sessions

tell us what happened when microsoft discovered this malware and got in touch with you. you asked them to help alert ukraine and other countries? >> i put that in the context of the broader causation the administration has been driving between government and private sector to deepen resiliency. but in that way, what we're most concerned about is malware with destructive capabilities. as soon as they learned about the destructive attacks conducted around 100 systems late wednesday, we immediately went on highest alert to see what we could learn about them and most importantly, how we could defend against them quickly. in ukraine and these kinds of attacks can spread. in that way, when microsoft notified us they built thing for the malware, we encouraged sharing that broadly across allies and partners and connected them with ukrainian cyber defenders to make sure that was shared across as much ukrainian infrastructure as possible. the ability to block malweir is at the core. >> we haven't had this kind of partnership to this extent before and now it's a realty emergency. t

maddie left her position at microsoft to work for meta. the new role meant a big raise from $135,000 a year to $185,000. >> that was really the only reason i left my job. i loved the company and the culture. >> reporter: but she said the new gig was nothing like she expected. >> one of the reasons i was looking to leave was i wanted more of an impact. >> reporter: do you ever think you would go back to microsoft? >> about three months in i knew it wasn't a fit, and i reached out to microsoft and was lik can i please come back, and they didn't have any positions open. >> reporter: 24% say they didn't thorough lie evaluate the pros and cons of leaving. >> a lot of times the grass is not any different on the other side of the fence. >> reporter: he study the employment trends and says it's mostly younger employees driving career changes. >> we're an instant gratification culture. >> reporter: if you are thinking about resigning to go to a new job, what are the questions you should be asking? >> how many hours am i expected to be in the office

so nigeria will use it they say i bought from amazon, from microsoft, shopify.e believe there is an infrastructure and we are providing for them >> so now one of the reasons they are excited, we both know, it's one of your shareholders, we heard from uruguay and as a little boy, i heard listen, there is the two best democracies in the world are the united states and uruguay. you are the best person. the truth is you are based there. you are really a global company? >> totally so any given day, we will find people from the local working from china, from south africa, from bangladesh, from the u.s., obviously, from uruguay, which is where we started. the nature is the sense that we are building an infrastructure from multiple emerging markets we operate in 35 companies e countries. we are proud to be a brand and proud to be global. >> now your growth is really quite amazing. we're starved for growth it's 20/30% right now from our major companies. your growth is five/six times that how is that possible >> so, we have been very lucky to grow last year. we almost thr

they also have claimant breaches at microsoft, ub -- claimed breaches at microsoft, ubisoft. emily: two we know of lapsus' ti es to a nationstate? -- do we know of lapsus' ties to a nationstate? jeff: financially motivated hacking still is going, if not accelerating. lapsus appears to be a financially motivated group. initial research at least suggests they appear to be located in south america or brazil. that is based on some of their targeting and victim data. they don't appear to be particularly skilled. they also claim to have access to microsoft source code. difficult to say. emily: that said, give usmore context on president biden's -- us more context on president biden's warning that businesses around the world should be hardening their cyber defenses. jeff: we were expecting a much louder, perhaps more devastating cyber war when russia's invasion of ukraine got underway. that has not happened in the way analysts initially expected, but the warning yesterday certainly gives u.s. companies reason to be on guard again. some of the reporting we are starting to hear is --

washington over a new piece of malware aimed at ukraine's government and financial institutions microsoft jumped into the digital fray, picking apart the malware, alerting ukraine's top cyber defenders and the top officials at the white house >> when microsoft notified us they built signatures to identify test. eporter: u.s. officials wan vladimir putin still has the ability to cut off critical communication and cripple vital infrastructure in ukraine. so far russia's cyber offensive has been limited to denial of service attacks on ukraine's defense ministry and banks >> are you surprised we've not seen more cyber attacks? >> the u.s. is working with ukraine's cyber defense to be ready in case the worst is still to come. >> russia has one of the most sophisticated cyber programs in the world and it's much easier to attack than defend. an attacker has to be successful once a defender has to be successful every time >> that could setoff a cyber war between russia and the u.s >> our thanks to andrea mitchell for that report. >>> a bright spot in america's fight against covid-19 after two yea

and worldwide, specifically microsoft, amazon and cloudshare, using capabilities now to help those inse they want to. >> kind of the option for the, let's take the defense trade a trade that basically people say, okay. jumping into something that will basically do well if this situation continues to deteriorate. saying, look at some companies that could help, ameliorate the situation, tesla comes to mind right? >> correct see, the facts of the matter is, yes. you can short the nasdaq and yes, can buy the war stocks, ways to make money i've been hearing from investors they just don't feel right coming in and shorting the market and taking advantage of all the pain and suffering what they want to do, look for ways that they can invest in companies that are actually out there helping. tesla is a great example and i do believe elon musk really spearheaded this effort, because historically, kelly, private companies don't like to take positions when events like this occur, because they don't want to alienate any customer base. but elon musk was one of the first ceos that came out and said t

is a darling but microsoft in those years was growing in earnings revenue.hey got zero credit for it in the stock. >> yes i know we talk a lot about the long-term, but a lot of those companies could get washed out as well. john, where does the multiples settle software companies valued at 8 times revenue. even long-term, they could never make back those levels >> it is possible and i think you have to be prepared to have conviction even if the stock prices tell you you are wrong about certain companies, you believe in certain trends, the very kinds of technologies we have been talking about this week on tech check. if you believe these are the future, jim was bringing this up -- and you see evidence in the company's earnings report that they are making progress, sometimes you have to hold your nose we are not used to this. investors may have to get used to it again. >> and the features. we saw this digital transformation, but who is going to move beyond it. john, we also need to ask where is the opportunity names like snowflake, shopify, even peloton are at

microsoft off 19%. apple falling over 15% with a spring thaw ahead, do investors need to let it go and give up somebody's beaten down fames? dan, i'll go to you first. i mean, it's one thing, it's a pocket in the market which were initially the high growth, high valuation innovation names were getting beaten up. when it's tech, that's a different story. >> i think, mem, it's really hard for a lot of investors who believe in these secular stories, the products, services, the trajectory that these technologies are on, so when you see you know the disconnect between the price action and what you think the forward fundamentals are, it's really hard right. you just gave us the stats about what the nasdaq looks like under the hood and it's not pretty. we have been saying this for a while, for all intents and purposes, large parts of the stockmarket have crashed so now what investors have to do, when they're theying of letting go of these big losers is think about where we are? are we having the reversal we ha

this week, we saw apple, disney, spotify, microsoft, microsoft, to name a few.one is following suit. the ceo of wework had this to say. >> we have four locations in moscow. we are doing incredibly well. we are overnighted percent occupied. it is a small part of our business, revenue is about $10 million on our base of several billion dollars. not much of a financial or business impact. emily: since that comment, wework announced it is partnering with the u.n. to help them more than one million refugees who fled ukraine, adding it is offering flex space to help displaced businesses, however wework still operating in russia. i want to talk about this with alfred. i want to start, a picture, you are no straighter to witnessing global conflict and the impact on global and local economies. how chilling do you think the impact of this invasion of ukraine will be on the global economy and on the tech industry? alfred: thank you for having me back, good to see you. this is a -- this is personal for me because when i was ceo in sumter 11, we lost employees -- september 1

of malware aimed at ukraine's government and financial institutions microsoft jumped into the digitalalware, alerting ukraine's cyber defenders, and the top cyber official at the white house. >> when microsoft notified us that they built signatures to identify the destructive malware we encouraged sharing that broadly across allies and partners. >> reporter: u.s. officials warn that vladimir putin still has the ability to cut off critical communications and cripple vital infrastructure in ukraine. but so far, russia's cyber offensive has been limited to denial of service attacks on the defense ministry and banks. >> i am surprised we haven't seen a more massive cyber attack against ukraine, against other nato nations or against us. >> i think we have to be very much on guard against that possibility. we are. >> reporter: the u.s. is working with ukraine's cyber defenses to be ready in case the worst is yet to come. >> russia has one of the most sophisticated cyber programs in the world. it is easier to attack than to defend a attacker has to be successful once, a defender has to be su

microsoft?> microsoft i wouldn't put microsoft in that bucket i would say schwab the organic growth, the cost cutting are positive you had positive earnings revisions and the stock is down from the high this year. that is a great opportunity. constellation brands you were talking about consumer staples. the multinationals are at risk selling mexican beer in the u.s. not a lot of currency and revenue risk a stock down from the peak. >> what kind of speed bumps do you see to this thesis how could it go wrong? >> i think the risk is that consumers get sticker shock with inflation and higher gas prices and have to pull back somewhere. what we look at is every day items or savings and investing through schwab and the areas are more protected there's stilt pent-up savings. >> does all of this make you a fan of the fed starting to hike? are they a head wind to contend with or do you think that there is something to generally be a positive force for markets given the inflation dynamics you witness? >> i

microsoft filed a motion.y never sent it out.n, but i have a copy of it because they sent it to me and as soon as they they wrote that the feds back down and we just published all the secret warrants yesterday the department of justice waste spying on my teamrd team and has all of our emails for the last since january. all of our emails since 2020. i mean it's unbelievablee and it's going to be interesting to watch this all unfold in court. i have int very little time lefe let me ask you this . i have sources that told me that the contents in that diarys are very disturbing as they relate to joe biden. can you confirm i have to make i a decision on whether i want to speak to that , sean? there are some you know, she talked about things that happened personally with her father. i made the decision not tohe publish this . they put me in a circumstance where i don't knoww if i want to speak to you on the air aboutou that . but understand that the wrong man, the wrong organization do backingeve you're not down. do

and then i'd like to add in microsoft because i think microsoft is a stock that should be indicativef the general sentiment of what's happening in tech but, yeah, i mean, you know, you start to look at meta and starting to look at netflix, you know those stocks just continue to be punished >> lowell, i can't help but look at certain stocks, for example, roku, right? it's 79% off of its 52-week high, trading just above 100 bucks a share. shopify, about 70%, 69% offer its 52-week high trading at 554 bucks a share. the thesis behind those names, even prepandemic, it doesn't seem to have entirely changed, but we do have the fed doing what it's doing and we do have sort of the fad coming out of maybe giving valuation to these names, but doesn't that indicate that if you believe fundamentally that the technology transformation with names like that represent continues, that there might be value? >> i believe that is the case, john, and i think what ends up happening is we have to differentiate between -- are we talking about people that are looking at the near term, very short term, almost

>> well, microsoft is a much higher price multiple than apple. i happen to think, if this is not the level. we voted forever i have been true to my mantra. that said, i think it could easily retreat to i don't know 280 and people wouldn't maybe there they jump on it. i happen to think microsoft is a very good stock and a very good company that happened to be a little too expensive for the moment or sell it for the moment. adam in maryland, adam >> caller: detective cramer, i hope you are having a great day. >> you know what's happening in ukraine, it's hard to have a great day. i appreciate it. i like to be upbeat. i don't want to sit here and say i hate a certain group of people that doesn't get us anywhere i find it a very sad time. go ahead, i'm sorry. >> caller: well, i'm looking at p palantir remember my question is, is this a sustainable growth model or potential red flag? >> i really despised their conference call. i to the they were very glib they talked about turning civilian business, which is what they want. how request can you buy? if

>> so it was already reported that microsoft was interested.alphabet google piece of the puzzle it does seem like they're in competition for the company. it's not the first time, but that is the new interesting news here >> and you know, we were just sort of speculating before that of course while not a huge deal relative to the size of alphabet, which is over $1.5 trillion in market cap, it would be its second largest acquisition ever, google's would it at all trigger any scrutiny in terms of antitrust >> i think so. i think you can't talk about google and a large acquisition without talking about antitrust at this point. the climate is certainly turned against some of the largest companies, especially some of the largest tech companies and so even if there is no ultimate problem, i do think that the ftc or doj would definitely want troon it down and make extra clear they were comfortable before they let it go and that goes for international regulators too >> josh, we appreciate you jumping on to fill us in on the story. >> thank you so much >

nasdaq has been outperforming all day long thanks to big cap tech, amazon, microsoft, adobe, apple doinggoing to be negative the only one of the big four just barely. that's going to do it for me have a great evening we'll see it tomorrow. i'll send it over to scott in "overtime. >> and welcome to "overtime. i'm scott wapner wru joust heard the bells. we're just getting started erin browne and ed yardeni with actionable ideas for your money. we begin with the talk of the tape is it just a matter of time before this amazing move from the lows collapses under the weight of too much worry, or is the market's newfound rezil yaenls now its greatest asset? let's ask dan greenhouse of solace

microsoft and apple have held up extremely well they have not come down as much.are considered bond surrogates or they're money market funds to people they sold high-risk stocks and put the money into apple and microsoft and google to some extent i think amazon which underperformed last year, was flat on the market, up 29% i think amazon is more attractive here. >> all right kari firestone with a shopping list we always love them. thank you. we'll see you later on that does it forus on "worldwide exchange." "squawk box" is coming up next if you're a small business, there are lots of choices when it comes to your internet and technology needs. but when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security for total peace of mind. and you choose fiber solutions with speeds up to 10 gigs to the most small businesses. that's virtually everywhere we serve. the choice is clear: make your business future ready with the network from the most innovative company. comcast business. powering possibilities™. mornin

the only problem is the metaverse is being naid by microsoft and facebook so you know it is going toit. >> meta is also working to bring remote workers into a similar virtual space. this app is called facebook workroom and it is designed for meetings, it is a sign of what a professional piece of the metaverse will look like. >> it basically gives you the opportunity to sit around a table with people, work and brain storm and white board ideas it is this pretty amazing experience where you know, you feel like you're really right there with your colleagues. >> microsoft just unveiling new tools to immerse users in the workplace integrating val avatar and virtual reality into teams by the middle of next year, power point will be available as well. >> oh thank gord there will be power point in the metaverse. i can't wait for the immersive experience of feeling like i'm inside a pie chart. so let me get this straight. the metaverse gives us endsless possibilities and you wouldn't to have virtual meetings. imagine a world where your sharpie never runs out of inning. did you it again, zucke

microsoft is a major addition to this flood of western companies that have cut ties with russia since the invasion you the crisis in ukraine as steve just mentioned also pushing up the cost of all commodities. bread surging higher wheat prices up more than 40% since russian troops moved into ukraine. the surge marks wheat's largest monthly gain on record since 1973 russia and ukraine account for about 30% of the world's wheat exports. >>> luxury brands standing up for ukraine. armez and cartier are pausing all sales in russia. fred kemp now, "the wall street journal" europe. fred has covered wars in afghanistan, iraq, lebanon, the collapse of the soviet union he's president and ceo of the atlantic council thanks is the kremlin underestimating how bad this could be? >> i think it could get much worse. by the way, it was good to see steve liesman. he was in moscow for us when i was working in europe. in any case, markets in moscow have been closed since monday and when they -- and they were already 25% down we don't know whether they're going to be open this coming monday heavens knows

i'm going to give microsoft as my name.nice run. now is the time where you want to take a dip in with microsoft, especially with cloud revenues, the gaming, game pass, linkedin. office 365, everything is up double digits for the most part. i really do think this is a name that you can pick away at at the lower levels >> down about 10% over three months nancy tengler, thank you always good to see you >> we're just getting started here on the second hour of "closing bell. up next, dan ives reacts to salesforce's earnings. where he sees buying opportunities. and oil topping $100 a barrel for the first time in seven years. helima croft giving us her outlook on crude and tomorrow's opec plus meeting. we're back in two minutes on "closing bell. (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. as a small business owner, (cro your bottom line is - bi always top of mind.! so start saving with comcast business mobile. flexible data plans mean you can get u

a ferocious rally and moves in the mega-caps with amazon and meta at double digits alphabet and microsoftnd apple, those are also outperforming. we talked about btig, giving another idea on datadog. it is still down to start the year this is astock that has faired better than many others in the tech and especially cloud sector guys, it is another day, though, of big gains for the nasdaq. we're seeing this outperformance, jon, up 1.6%. >> yeah. i mean, i'm not confirmed. i don't know everything seems to be up roughly speaking technology wise since that, what was it, march 14th low and the mega caps are following suit a lot of growth stocks higher, as well, carl. there's been so much volatility that it's hard to draw a story line versus just kind of like the story of a ping-pong match, it feels like. >> indeed. we're watching amazon, d., which is trying to get back above the flat line for the year-to-date of course, with adobe tonight, we're going to be definitely on edge, looking for signs that maybe some of the disappointments in the past couple of quarters relative to expectations might

. >> see what's happening there, microsoft, amd, facebook, the kweb calls and the chinese internet names and what's the statement here you're making >> well, i think there's a couple of things going on, scott. one of which the volumes are off the charts when you go to friday we had 50 million contracts trading and we had 41 million contracts trading yesterday. the activity levels are very, very high. it doesn't mean that they'll be absolutely right on the timing of this whole thing, but certainly, we are seeing across the board buying, scott. one day it might be focused on u rain y-- uranium and we're seein more and more on the --uranium e and more on the -- >> pete froze. we'll get pete back and he is doing a lot of buying and so is mr. negative, steve weiss. steve weiss, you've been more negative on a lot of people lately where you think where the market is and if the worst was over and if this was a reliable rally or nothing but a bear market bounce and i look down and you bought more dick's sporting goods and that's more nike play and you buy more moderna ahead of an event they're ho

and that, that, that personal irritation that you felt, you stated, was diminished by something microsoft became the i. so, i mean, in a 2nd, it's bad of course, but, but that, but that's the power states. it's a dr. innovation so. so you know, without status, we wouldn't half civilization, we wouldn't have progress, you wouldn't have the moral sphere that we have where people are in a very concerned with appearing virtuous and being virtuous. says that so so it so and so now i don't think that absolutely doesn't think that we're are we are inevitably looking at a dock and horrible future thing. mm. conspiracy minds that, oh, espousing conspiracy theories for some people at least, is driven by a desire to be unique, a desire to show that you are an individual thinker. the brain isn't particularly interested in the truth is interested in getting along and getting ahead into the brain. wants to know who i have to be, what i have to believe to cough, right, with these people and again, status, you know, within them ah, from the al jazeera london broadcast center to people in thoughtful conve

i know there is this orallation to higher yields but realistic ally we're saying microsoft will nevero up again unless the 10-year yield is under 2%? >> great question. those stocks, particularly not so of those big ones that have earnings and cash flow even though they got expensive, it is that i might make money for you in 2025 or 2026, and on that 50 times. they are the ones who got hit the hardest. yes the megacaps struggled too. i would use opportunity toe add to those positions if they're not inordinate in your portfolio. microsoft, they're great companies, still a little on the pricey side but their fundamentals are quite good and if we will get advances in information technology and cloud technology, not to mention health care and energy and manufacturing, these are the companies that will lead the parade. charles: i'm going to talk about that at the end when i give my wrap. amazing we've given up on the brave new world that is coming. maybe not as we thought a year ago but it is coming. bob, always appreciate it. the viewers are lucky to have you. thank you very much. >> all