another example of the ukraine, delegating the responsibilities of government to an outside power. microsoft office has operated as a, as virtually as an armor of the u. s. government. during the whole, russia gate controversy, microsoft issued reports that were very. ready for was the u. s. government government position. clearly microsoft thought it was important to cooperate with washington to avoid any kind of regulatory crack down by washington. and i would see microsoft activities in the ukraine as essentially roughly the same thing occur where microsoft are hastens to do the bidding of the u. s. government. because it knows the u. s. government could make life very, very unhappy for if it didn't do so. that doesn't for me this, i'll be back in 20 minutes with another full and fresh look to news to with ah rama. and she'll have it completed sabotaged training and you get done and served in 3rd reich units as an as captain, secondary command of the nuff, the guy battalion, he trained ukrainian nationalist cadets. he was awarded to merit crosses and a nazi metal along with bon dera. he had been

so it will be interesting to see if microsoft does that in their office business.ily do it in cloud as much because they have so much competition with google and oracle and amazon of course for those clients they're trying to get but for the most part they have pricing power in a lot of their other software. >> good point. steve, thank you in fact some of the best performers in the week in the s&p are related to tech. alphabet is up 10%, qualcomm micron after that disappointing earnings results last week up more than 10% this week. what else is selling off today upstart. remember that company, the lending company that does ai it's down about 18.8%, warning q2 revenue will come in much lower than expected. that's leading to a slew of harsh commentary from the analysts citigroup writing it had overestimated its assumptions for upstart's loan assumptions and it lost the forest through the trees. piper is saying the company faces a perfect storm of headwinds. stephens saying upstart originating loans on its balance sheet that it can't pass on to its funding partners br

microsoft. >>> best buy will open a small format store in north carolina today. the store office only 5000 square feet but it's about 15% of the size of a typical best buy and that has a curated selection of digital products including large tvs, computers, headphones, wearable devices, and phones. and there are lockers to pick up online orders. when you want to buy something in store, you scan a qr code and an employee will fetch the item. >>> and kim kardashian and kylie jenner are urging instagram to stop trying to copy tiktok. the sisters posting a message to the millions of followers saying make instagram instagram again. meta, the parent company of facebook have been pushing facebook and instagram into shorter videos. the market dominated by tiktok. jenner and kardashian are highly influential on social media and a few years ago kylie jenner slammed the snapchat redesign causing that stock to drop 7%. we don't see the same impact this time but we will hear from meta. i think they report tomorrow afternoon. we will see if they address that on their earnings call. jenner is a

will just say matt has served a very high level in elected office and he has servec as in the infrastructure security now he works at microsoft. and by two people in all of these especially. [inaudible]. [laughter] >> is a map, and then al schmidt, former commissioner the philadelphia and currently he's nonprofit in philadelphia in many might recognize him as he is done many appearances on tv and as a witness of the january 6th incident as well and to his left, is wayne darby former director - and nevada and he was transitioning in 2020, the legislature and foolishly still stated help run the november 2020, elections in nevada, as we all know - the fact that his family. [inaudible]. secretary of state for office and they county election officials and we can talk more about that later. and at the far end, the secretary common law, chapman, commonwealth secretary. and, secretary chapman, for a few years i'm sorry few months, ande then he's been in the elections for quite some time and now as secretary of commonwealth overseeing that so with that, i want to talk a little more about each of your experiences and seeing the 2020 an

office. he served as election commissioner. he served as a cyber -- cybersecurity infrastructure -- now he works at microsoft. he is one of my go to people on all of his things especially right after [indiscernible] [laughter] two mats left is out schmidt. -- many of you might recognize him as his many appearances on tv and as a witness before the january 6 committee as well. to his left is rain for relief former election -- in the state of nevada. he was transitioning to job in 2020 with the legislature but foolishly still stayed in and helped run november 2020 election the state of the bottom. -- state of nevada. -- which we all know -- won the election thanks to the secretary of state and her office as well as the county election shows. we will talk more about that later. and then on the are in is former acting secretary of -- commonwealth chapter. so if you know commonwealth is getting very big. and secretary chapman is has been filling that role for a few years. -- it's been an election for quite some time. and it is nonprofits elections and now she serves as the secretary in the state of pennsylvania. w

office in a highly encourage you. i don't know what to say about that. [laughter] because on the one hand serving as the election assistance commission or one —- commissioner and now works at microsoftn all of these things. >> and former city commissioner and of the nonprofit- community of philadelphia and recognizing many turns as a witness before the january 6 committee as well. and from the state of nevada and he is transitioning with the legislature who foolishly help to run the 2020 election which we all know how that was perceivedd things to the secretary of state as well as the election county officials and then at the fire and for the secretary of common law. so those are the elections and then overseeing so i just want to talk more about each of your experiences and we figure 116 days before the election and there so many things happening in mission that n have to do with covid and then covid hit and with the primary 2020 and then we started to get word and then the next day they started to shut down. and that's whathi brought it home to me. 's you may not have seen it too much in this primary but. > [inaudible] and with those expert of elections in michigan and therefore t

microsoft, they are out today. i'm tired just talking about it. let's talk more about the markets. we are managing the director. they have cheap investment officerseet. they have a rare market panel here. what is the top of the mind for you today? the rest of the year next year, what is the most important thing that you are advising your client right now to watch for? >> the most important thing right now, looking at the commodities. what is applying to the stock market? a massive decline. it's across the board and a lot of commodities. looking ahead in the future, it's almost a 40% decline over the next 10 months in prices. that's a big decline. it's abnormal to see the prices are upwards of defining it. it could change your tactics a little bit earlier than expected as early as next year. it also means that it tends to be very good for technology stocks. we are of turning in the past. we are ready to turn on the target. they are going here for the past six months. >> in tough times, they invested in software and productivity. we will ask you the same question. what is the most important thing to you? it's inflation. >>'s current environment tha

office and served as election assistance commission are. it's served as cyber security infrastructure security agency and now he works at microsoft . he educates people on all these things especially ... [inaudible] to matt's left is al schmidt, former commissioner for the city of philadelphia and currently leads the nonprofit committee in philadelphia and many of you might recognize him from his hearings on tv is before the january 6 committee as well. to his left is wayne sorely, former election directorfor the state of nevada . he was transitioned to his job in 2020 with the legislature but foolishly still stayed in to help run the november 2020 election in the state of nevada which we all know there were no perceived issues at all. it was a textbook way to run an election thanks to the secretary of state as well as county election officials and we will be talking more about that later. acting secretary of the commonwealth, lee chapman. [inaudible] and secretary chapman has been filling that role for a few years and he's been in elections for a few months, for quite some time and now serves as secretary of the commonwealth overs

survey microsoft a great consolidation play, they have a huge breath of offering and they're bundle into attractive packages. we see that in indications of cios, looking to upgrade their office 365 subscription from a lower level to one that incorporates more functionality like video conferencing or security where you can get multiple functionalities at a price much more attractive than if you buy the smaller individual technology themselves so that bundling capability i think is a strong point of microsoft. they have a good price performance if you will. the other side of that equation, though, is that their solutions themselves have been getting a lot better it doesn't really work to consolidate if you're consolidating onto subpar products what microsoft has been able to do is improve the functionality of all their solutions to make it more attractive to do the consolidation for cios make the decision easier for them the they're not giving up as much going for that consolidated packages >> keith, the street got all worked up this week about this partnership with netflix and a lot of speculation about what ifs regarding how deep that partnership might go, could it lead to m

well, microsoft's new expansion for teams might help you out the company's announce being the launch of a new feature part of teams encouraging social networking in and out of the officeto share video and photo stories at no additional charge on a platform that looks pretty similar to snapchat, facebook and instagram. i'm pretty old now but i subscribe gen x to that, i don't want to be that kind of an influencer at work >> i think it seems like microsoft might be trying to address the fact that we all, including myself, are mknown to check the likes of twitter, maybe instagram at work. maybe they want to convert all of that time over to their own platform i don't think it's going to work we already spend so much time toggling between messages on teams and e-mails, so many ways to communicate, i think it's too much >> the hybrid work environment's definitely being solidified. there's a bunch of notes out today maybe arguing that the allure of one big corporate headquarters makes sense, and that's helping some of the higher-end reads meanwhile, close the session highs, only 30 minutes away from s&p 4k we've got tesla tonight. let's get to the half. >> carl, thanks very

office. he served as election commissioner. he served as a cyber -- cybersecurity infrastructure -- now he works at microsoft. he is one of my go to people on all of his things especially right after [indiscernible] [laughter] two mats left is out schmidt. -- many of you might recognize him as his many appearances on tv and as a witness before the january 6 committee as well. to his left is rain for relief former election -- in the state of nevada. he was transitioning to job in 2020 with the legislature but foolishly still stayed in and helped run november 2020 election the state of the bottom. -- state of nevada. -- which we all know -- won the election thanks to the secretary of state and her office as well as the county election shows. we will talk more about that later. and then on the are in is former acting secretary of -- commonwealth chapter. so if you know commonwealth is getting very big. and secretary chapman is has been filling that role for a few years. -- it's been an election for quite some time. and it is nonprofits elections and now she serves as the secretary in the state of pennsylvania. w

somehow there's a microsoft tie-in and then the "grayman," it better be unbelievable >> i think it goes live friday, right? >> ryan gosling. >> yeah. >> the younger people in my office are raiching about the people who are in it there you go someone said chris evans is in it i thought chris evans was an analyst. do you know his body of work >> no. >> chris pratt >> i know pratt, certainly know pratt. >> i know pratt & whitney and i liked their quarter. i know all the wendys. look, i absolutely understand, it wasn't $2 million loss to, only $1 million loss i have got companies that are gaining substantially but not gaining enough, whatever they're supposed to be gaining halliburton last night they claimed they were sold through and realized they made a mistake. they shouldn't have said they can add so much more yet the stock was -- had come down from 38 to 29, didn't go up >> rather own met ta at 12 times gap earnings >> yes, absolutely with mark, thinking and talking about the focus being creative i don't know how he would get those headlines. he came on "mad money" and said our focus will be creative it's a news story. but, yes, the answer is absolutely >> there it

officer. after the bell, they are up 4.8%. >> they will post their biggest ever drop in daily active users, $1.6 billion and we will see. they are going off microsoftatform. it was an experiment and they are shutting it. stuart: president biden will speak to xi jinping tomorrow. speaker pelosi has visited taiwan on top of the agenda. the white house won't say we are in a recession but what about regular folks? >> we are in a recession. >> absolutely we are in a recession. >> i believe we are in a recession. stuart: is the white house listening? we will report. the uk, the brits spent months locked down with heavy restrictions. was it worth it? nigel farage next. ♪♪ ♪ if you shop at walmart, you get it. ♪ you're not just getting by. ♪ you're getting the most out of what you've got. ♪ and you know how to spend a little less, to get a little more, to make life a little better. ♪ if you used shipgo this whole thing wouldn't be a thing. yeah, dad! i don't want to deal with this. oh, you brought your luggage to the airport. that's adorable. with shipgo shipping your luggage before you fly you'll never have to wait around here again. like ever. that can't

but enter before the bell microsoft enough about before the bell, there's a look at his reporting and the stocks are down across-the-board joy to me now chief investment officerric green thank you for being here. walmart setting the tone how do you see the macro story in the markets reaction. >> it's not real surprising walmart would mr. numbers especially given what happened with target, a continuation of the consumer moving from goods to services and certainly walmarts low brand consumer is having a difficult time with the food cost and energy cost. maria: what do you think this is telling us about the rest of the year walmart not just cutting its quarterly guidance but also the rest of the year and were waiting on the gdp data how are you expecting this to play out. >> for walmart they are cutting the entire year they are clearing out inventory and cutting prices, positive for inflation that prices will come down and many of their goods for the whole year we are going through a significant slowdown, there is no doubt the gdp numbers will show likely a negative number depending on whether you were to call it a recession or not we talked about that in the la