there is also microsoft office copilot which is synced with microsoft office apps and can give insites or do some of the leg work like drafting e-mails or creating power points. >>> okay. new numbers show that while auto makers continue to promise big increases the electric vehicle market remains pretty much the same at this point. legacy auto makers like gm, volkswagen, hyundai still trailing tesla the top ev seller by quite a bit. tesla has a lead of about 300,000 units so far this year. this is despite promises from traditional car companies to significantly ramp up production and sales of electric vehicles but the companies are making some small gains. hyundai has increased ev sales by about 11% to about 38,000 cars so far this year. gm quadrupled its ev sales to about 36,000 units and volkswagen has doubled its ev sales to nearly 27,000 cars and trucks. happy friday, janelle. >> happy friday. >> we have made it but it is still very busy in the newsroom. >> yes. a lot of news stories we are covering and catching my attention. 911. there is an emergency in oakland right now. the 911

i feeling enough in my family, microsoft office, that you don't out because you've got to buy up a new side of you that you cannot just leave that people to end up being victims of time when you, when they something that you can do. i'm on the, [000:00:00;00] the, the, the account zone. how does the guns do you subscribe symbol? you said what the discount starts and for the 50 percent want to say every day you've already made plans to make a new plan. are you up with subscribed today? he's probably the code summit 2023 in july on i just the thing goes to the post office, the local elections, sort of shift to the right click the country with this another here with the info, right government 11 piece meets the indian women breaking down gender barriers as they fight to become champ, features the coast african need is from across the continent as well. so seeks to strengthen relations with the region. people and power focuses on somalia as a fight for survival. as years of draft and hom conflict have combined to create humanitarian disaster. as the security becomes an increasing global co

they are bundling teams, which is a videoconferencing software, along with their microsoft office sweetation, probably starting around now and coming up starting around now and coming up with charges in the autumn. in terms of the deal with activision blizzard, it looks like that could go ahead given the fact we were talking about it yesterday, microsoft has done a deal with sony and that seems to be critical in getting forward and finally clinching that deal? that one looks like it is going through, sweetenerfor that one looks like it is going through, sweetener for the sweden which is an it still getting a lot of spotlight look at we under the spotlight for this around the world and across the uk, this is bbc news. and across the uk, this is bbc news. voice—over: bbc news bringing you different stories from across the uk. three beavers have been reintroduced to this lush cornish valley. in just a few years the environment has been transformed. it helps reduce flood risk. it's important because it helps to clean the water up. it is important because it provides a reserve of water here

and we were talking about before, the pe further microsoft office co-pilot has investors very excitedstors are in their heads totaling up the number of business office customers they know of and thinking well, if a decent chunk of those, the extra fee for the ai would be preferable for microsoft. but that met our partnership, that is an open source product. shery: bloomberg seattle bureau chief dena bass there. those two stocks helped propel advances in the new york session, where u.s. stocks gained ground, led by big tech names. microsoft rising to a record. we are not really seeing the follow-through in the after-hours session. little bit of pressure in the asian hours, but we did see investors trying to digest the earnings beats coming from banks not to mention the disappointing retail sales numbers. we will be following more earnings to come. microsoft reporting next week as well, haidi. haidi: we heard from the ecb. big address at the g20 finance meeting in india, the class signaled officials could pause their campaign of rate hikes. >> we will need to hike in july again. but fro

from microsoft, it is in that microsoft office 365 suite, that gets major demand from business and corporatelients that by the technology for their employees. it is looking to incorporate the tool stemming from openai's chatgpt into them, to make them easier for people to use. that will be a big revenue driver, they have already attached a $30 price tag on some of those tools. they are not widely available, but it is almost teasing investors on what is to come. on alphabet's front, they have a lot of potential but it comes to how they can incorporate their own large language model. google barred into their existing search business. for microsoft, it gives them a chance to incorporate openai's large language model into their search engine and potentially chip away at the dominance google has had for years. but again, a lot of these are in the early stages. what investors are looking for is, what can we expect when it comes to monetization? think both companies are starting to show that. haidi: bloomberg tech reporters jackie davalos angeli and love there, covering everything on google and mic

the rapper, the cause was a complaint from the company that owns slack messenger in 2017 microsoft added officeteam work, the creators of slack decided that the american corporation illegally transferred part of the messenger function there, therefore, in in 2020, the company filed a complaint with the european commission, in order to avoid an investigation, the company offered to reduce the price of its flagship office products for the eu. well, according to reuters, europe is demanding more discounts. elon musk topped the ranking of people who have earned the most money over the past six months, according to bloomberg estimates, the state of the founder of tesla spacex, the owner of twitter , has increased by almost $ 100 billion; billion the third line, the founder of amazon corporation , jeff bezos, is a little less than 50 billion. well, in general , the 500 richest people in the world in january june were able to earn 852 billion dollars. and with that i have more and more news for the next hour. in the crimea, they developed their own spare parts for electric vehicles, only domestic ones

microsoft unveils plans to bring artificial intelligence technology to its popular office software. plus, we take a deep dive into how advertising companies are getting a creative boost from al tools. i'm monica miller. we begin with microsoft because the tech giant's shares closed at an all—time high, surging nearly 4% in the latest session. the company has unveiled a new artificial intelligence subscription service, which will power its popular office programmes included in the microsoft 3—6—5 software. and the tech giant is tapping to the huge consumer demand for generative ai tools right now by putting a hefty price tag on the new tools. our north america business correspondent michelle fleury has more from new york. ai is alisa ai is a big dealfor big tech. you need an book no further in microsoft's share price. it includes word, powerpoint xl, and teams. $30 per used. this was much higher than people were predicting. some see this is a test of how much people are willing to pay for al tools. microsoft also announced a more secure version of its ai power aimed at businesses and

microsoft unveils plans to bring artificial intelligence technology to its popular office software. o and welcome to asia business report. i'm monica miller. we begin with microsoft because the tech giant's shares closed at an all—time high, surging nearly 4% in the latest session. the company has unveiled a new artificial intelligence subscription service, which will power its popular office programmes included in the microsoft 3—6—5 software. and the tech giant is tapping to the huge consumer demand for generative ai tools right now microsoft unveils plans to bring artificial intelligence technology to its popular office software. plus, we take a deep dive into how advertising companies

after microsoft in this country going after them for having their browser wrapped up in their microsoft office and that was the big fight. right now you can see microsoft shares up by $2.50, stock has been on a tear up by 42% but these activities coming from regulators after big tech have been freak and we are still anticipating that the u.s. could file against amazon as early as next week. >> the stock got hurt yesterday. badly, so hard to say anything about the little bounce today. but this bounce, meta shares on the rise after a strong quarterly report look at that 25 bucks, 8.5%, optimistic guidance, digital advertising, rebounding to some extent after a recent slowdown. we're going to talk all about that and look through the results, remember, you could have bought that stock for 80 and change not that long ago >>> later, southwest airlines set to report and we'll bring you the numbers with an exclusive interview with bob jordan, you're watching "squawk box" on cnbc what if you could make analyzing a big bank's data... no big deal? go on... well, what if you partner with ibm and red hat,

. _ microsoft is preparing for a competition investigation by the european commission over the bundling of its teams video—conferencing product, along with its ubiquitous package of officeludes microsoft word and excel. the financial times reports that an investigation could begin next week, with formal action in the autumn. it's another front in microsoft's battle with regulators as it tries to overcome obstacles put in the way of its plan to buy the games publisher activision blizzard. russ shaw, founder of tech london advocates, gave us his take on the story. this particular case has been building for quite some time and it feels like negotiations have broken down a bit. my sense is that microsoft really doesn't want to see a formal investigation open. they've really tried to work with the european union over the past few years not to get to this point. however, it feels like the eu is going to move forward and open up a formal investigation, as you've indicated, in the autumn and that will be problematic for them. now, china's huge and troubled property developer evergrande has published long—delayed results for 2021 and 2022 revealing big falls in revenue and conse

microsoft generative ai office products for $30 a month, promising, stock of 42% on the year.s google so you have artificial intelligence and chat box that steals advertisers from google search, 80% revenue from online ads so we are expecting big numbers but growth will s slow. 73 billion is expected, four and a half% growth. it is slowing down a little bit. stuart: let's see how investors take that news. some companies reported this morning general electric, what are they doing? >> people are going places and wind engine turbines, a separate business. stock up 5%. larry says demand for what they sell is happening despite higher interest rates, all good. stuart: old name company doing well. another one, general motors. >> the stock is down. as i saw it, it was a good report because they raised the profit outlook again. revenue increased 25%, margins rose in north america and plan to double ev sales in the second half of the year, you will get new versions. stuart: general motors had to put aside $792 million in charge for the chevy volt. >> that might have done it. stuart: is

the company, next week centered on claims that it is unfairly linking its teams software with microsoft officefter moicrosoft concessions weren't enough for regulators and the company could face formal charges as early as this fall. >>> twitter owner elon musk saying that twitter remains cash flow negative because of a nearly 50% drop in advertising revenue coupled with heavy debt. musk was responding to a tweet that he recruit investors that understand his vision for twitter. musk said need to reach positive cash flow before we have the luxury of anything else. it was only three months ago that musk told the bbc that almost advertisers had resumed buying ads on twitter. we're going to talk about this, walter isaacson will be at the table with us. >>> let's get to dominic chu with a look a this morning's premarket movers. >> if you take a look at some of the interests analyst calls that are coming out this morning that are moving things around, we'll start with megacap telecom with shares of at&t, which are lower around 160,000 shares of volume following a 4% drop on friday which put it at its

so we finally got a pricing plan from microsoft today, 30 bucks per month per user for this ai co-pilot that's the chat bot they announced for officethat we use here at nbc outlook, microsoft word, one drive, so forth. now we know how much they're going to be charging these customers. we're seeing the stock react to that let me put that number in context. that kind of sounds expensive, right? $30 per month per user. >> for companies >> but put that on top of what they're already paying most of these customers are paying $36 per month per user, add another 30 bucks on top of that that's a huge premium just for this ai product. so this -- event that microsoft is having inspire, try to sell businesses like ours all these new suites of products they have to convince these customers it's worth the 30 bucks per user per month now, they're also not saying when it's going to be widely available. presumably this year if they're announcing pricing already but it is being tested with a few enterprises right now. >> so microsoft collects already roughly $30 a month. >> 36. >> $36. >> it depends. a lot of different plans, yeah. >> each of its e

it will now be part of microsoft's popular office suite that includes word excel and teams.s we take a live look at the numbers up across the board, the dow jones gaining almost 200 points again today. more than a half of a percent. the s&p 500 up almost a half of a percent to 45, 73. and the nasdaq gaining a little bit of just about half of a percent as well. up about 65 points there. people are still having a hard time buying cars despite dealership inventory filling back up and prices stabilizing. now, according to the federal reserve, the auto loan rejection rate hit its highest level last month since the data was first collected back in 2013. 41% of applicants were declined. high interest rates, combined with larger loans, means banks won't take the risk on some applicants. right now, a record 17% of americans have a car payment of more than $1,000 a month. the canadian government says it has been successful in attracting tech workers who live in the us, canada opened a new program to applicants on sunday and it closed it on monday. the next day after receiving the maxi

again, enterprise demand for microsoft, azure and office, and then ai those are the ones to watch. for google, state of the advertising business that's really what's driving the bulk of the revenue. those are the big mile markers everyone is looking for. >> brent thil, thank you for joiniing us great to get a preview >> check more coverage 4:00 p.m. eastern. i'll kick that off we'll strap on our seat belts. it should be a wild hour. >> a good hour. >> yeah. >>> coming up on "power lunch" in the meantime, another major earnings mover raytheon down big after disclosing manufacturing issue on some claims those details ahead. >>> plus, tiktok keeps adding services to its shopping list. expanding into music streaming betting big on e-commerce but is the the platform taking a big risk >>> check out spotify, issuing weak guidance, missing on revenue. all that said, subscriber numbers did climb but that stock is falling it's down about 15% right now. stay with us >>> welcome back tiktok keeps pushing the envelope, despite having regulatory target on its back in the u.s. the social media pl

eu antitrust regulators opened an investigation into microsoft of tying its chat and video app teams with its officesing and defending its market position and productivity software shares up 1%, again, that news just breaking. eu regulators taking a look into microsoft and antitrust possible violations >>> coming up on "worldwide exchange," the one word every investor needs to know today, plus we lay out a busy day ahead and new warning of why august could provide a fresh test for the market'sal rly much more "worldwide exchange" back after this. you should get a second opinion from innovation refunds at no upfront cost. sometimes you need a second opinion. [coughs] good to go. yeah, i think i'll get a second opinion. all these walls gotta go! ah ah ah! i'd love a second opinion. no. i'm going to get a second opinion. with innovation refunds, there's no upfront cost to find out. so why not check like i did for my small business? take the first step to see if your small business qualifies for the erc. hi, my name's steve. i lost 138 pounds on goloe if your small business and i kept it off. golo's cha

microsoft is now putting a price on ai access and its office software. sh calling it a flex the muscles move and major growth tail wind. company also announcing ai powered bing chat enterprise. first on fox business and straight out of microsoft's inspire event where all the headlines came out, corporate vice president yusif medy and how it'll increase the body line and help mr. softy dominate the ai race. i dropped a new episode of everyone talks to liz podcast and focuses on how a near-death experience can trigger a profound shift in life. jen drummond was a utah mom of seven in her 40s driving on a highway and lost control and flipped her car multiple times. what followed when a crash course in awakening the spirit she didn't even know she had to climb massive mountains on every continent with her seven kids cheering her on. the oldest is only 16. how does that happen when a lot of us would be too scared after something like that to get in a car again let alone climb? download on 57 l, google -- apple, google, spotify, wherever you get your podcasts. c

microsoft has announced plans to charge a monthly fee of $30 for an ai—enhanced version of its officeriggered a bounce in the share price. while it would be a big expense for consumers, it would be a big revenue spinner for microsoft if the ai version of office comes to be seen as a vital upgrade. this week, bbc news is taking a closer look at artificial intelligence. how does ai affect our lives already and what impact could it have on our futures? today, we're looking at how advertising companies rely on al, using machines to speed up and enhance the creative process. they're also embracing controversial deepfakes — digitally altering videos of celebrities to make them say or do anything. 0ur asia business correspondent nick marsh reports from singapore. a carcompany a car company wants an advertisement, normally this would take weeks. now, it takes minutes. two heads may be better than one but they never mentioned artificial intelligence. you have an idea that you type it, and there it is. ~ . that you type it, and there it is. ~ , . ., is. we “ust can create new thins is. we just

the eu opened an antitrust investigation into microsoft's bungling of their apps for video calls, officeoftware, competitive advantage and consumers choice. look at how microsoft battled the eu from 2004 to 2013, $2.5 billion in fines. stuart: can't advance they wanted to advance. gary kaltbaum is with us. the rally is over for microsoft. do you expect this program anytime soon? >> reporter: the rally is over this second. that's the good news, you can buy it cheaper on pullbacks here. i'm a believer in reaction to earnings, simple as that. didn't have a good reaction to earnings, and where the stock was a couple weeks ago. all-time highs deliver, a i will be huge. for right now it will be better places to go. stuart: you are totally wrong with an analyst on earlier going to $430 a share. i prefer to take his advice and not yours. arnie big tech names that you put money into right now? >> we haven't yet but we put some money into google and can't put money into meta. it had too big of a move. i have to tell you, looking at cruise lines, royal caribbean and gangbusters, i mentioned somethi

microsoft has announced plans to charge a monthly fee of $30 for an ai enhanced version of its office office comes to be seen as a vital upgrade. the french car—maker renault has said its global sales rose 13% in the first six months of the year with a 24% increase in sales in europe. renault sold over 100,000 more vehicles between january and june compared to the same period last year. the rebound comes after four years of declines. that's the latest from business. you are watching bbc news. let's turn to are watching bbc news. let's turn to a story we were touching on earlier in terms of the war in ukraine because the head of uk intelligence agency mi6 has urged russians who are opposed to the war to spy for the uk. sir richard moore said the intelligence service had recruited a number of agents already. maw; number of agents already. many russians are _ number of agents already. many russians are wrestling _ number of agents already. many russians are wrestling with i number of agents already. titan; russians are wrestling with the number of agents already. tjta'ty russians are wre

even has some consumer protection like adobe or if you just use them at the office like microsoft.ust as they got in 2021, the got two -- here. now, the higher-quality ones -- the comeback kid you never hear about, because everybody something fixated on the magnificent seven, nobody cares about these guys. you don't even know these guys, they are beloved by the towns of wall street, i don't want you to feel that we had mad money are reporting this even though they are hard to understand . it it is our job to break them down so you do understand. all week i want to highlight some of the most impressive recoveries in the enterprise software space. i think the moves are well deserved. -- original cost cuts and probable growth -- much more attractive -- than a year or two ago. but, there are so many of these, we really need to drill down. here is what we do a little methodology. start with 67 stocks, the wisdom tree cloud -- which i consider the best of the group. the bottom -- last november, now it is down 49% from the quote. -- 67 top, the average game -- 74% okay, we missed it. no,

the big one here, scott, they're announcing pricing for their newai co-pilot feature for office apps like microsoft word and outlook and teams. it's going to cost $30 per user per month for companies that want to use that for example, here at nbc we use office apps as well so for every nbc employee they would have to pay an extra $30 per month the market really liking that headline in addition to that they're also announcing as a bundle product, the regular subscription to microsoft 365, a new bing chat enterprise it's an enterprise version that's kind of locked down you can feel comfortable putting private information into the work companies like apple and samsung and google banning workers from using chat gpt for work because of security concerns this is designed to combat that. one more headline coming out, a partnership with meta for their open ai language model, microsoft will be supporting them as well through windows and azure, scott a look at shares up now better than 4.5%. >> $30 per person. we don't get a group discount or anything >> reporter: i don't negotiate those deals. way above my

reason was a complaint from the company that owns the messenger slack in 2017 microsoft added a team collaboration platform to officeeators of slack decided that the american corporation did not transfer part of the function there and messenger, so in the twentieth year she filed complaints with the european commission. to avoid an investigation, the company offered to reduce the price of a flagship office product for the eu. well, by according to reuters europe there will be more discounts. and on this i have more and more news in the next chat. as a very young man , he joined the ukrainian galician army. there , they were trained as scouts for saboteurs. and, of course, monsters. the volvo holocaust was organized by the ukrainians, 6,000 people were killed by bandera. western intelligence services detained used in anti-soviet activities. university in the usa where an event was held in support of ukraine, the same terrorists who recently brutalized civilians now they give lectures to american students and brag about their alleged exploits, why did evgenia petrukhina understand this? i wonder what they were telling

microsoft has this dominant office software which the vast majority of companies use to organize theirporate information, documents, spreadsheets and an. that gives microsoft the ability to offer ai tools that run analysis or predictions or generate content, on top of each company's own set of information. that is harder to do if you don't have that information. at the same time, there are other companies trying to do similar things that work with their own corporate software programs, people like salesforce, for example. haidi: we also had the announcement about meta partnering with microsoft for its own ai tech. i am curious how sits alongside the concept of a corporate ai from microsoft. dina: the meta product is a large language model, an alternative to what openai offers and what google is offering as well, but it is open source, freely available through microsoft and later on through other cloud providers like amazon. microsoft has been hedging its bets a little bit between the partnership with openai, and also offering open source tools. they have a deal with a company called hu

microsoft unveils plans to bring artificial its popular technology to its popular office software. plus, we take a deep dive companies are advertising companies are getting a creative boost from al tools. hello and welcome to asia business report. i am monica miller. we begin with microsoft, shares because the tech giant's shares closed at an all—time high, surging nearly 4% in the later session. the company has unveiled new artificial intelligence subscription service which will be powered by ai in its popular programmes on microsoft 365, and the tech giant is tapping into the huge consumer demand for this technology by putting a hefty price tag on it. our north america business correspondent michelle fleury has more. m is michelle fleury has more. ai is a big deal— michelle fleury has more. ai is a big deal for— michelle fleury has more. ai is a big deal for big _ michelle fleury has more. ai is a big deal for big tech. - michelle fleury has more. ai is a big deal for big tech. for - a big dealfor big tech. for proof you need look no further than a huge leap in marquess of�*s shar

microsoft have? i can imagine hearing these products, some people switching from ios back to windows if it is even called that anymore, i am not sure. nobody wants to use windows outside of an officelace until maybe now. can it move the needle on computer sales? tyler: it is possible. the biggest driver will be around the opportunities beyond pc's. microsoft years ago lost the mobile battle. remember it windows phone and we don't see too many of those around today. this is around the next layer of computing, cloud computing, productivity and their share. and search, to your points, is an interesting market and microsoft only has 2% or 3%, it is dominated by google. they announced separate enterprise search. that is also an opportunity. matt: thank you for joining us. this is bloomberg. ♪

not only the state needs to prioritize this, the office of emergency services needs to prioritize this and also tech organizations like google and microsoft. anser: the city council will vote whether to declare its local state of emergency which can bring in more resources. salinas is also praising the city attorney's office for putting in legal protections and making sure the city was insured against these type of attacks. >> it wasn't if it happened, it was when it happened that we were prepared and able to plan accordingly. anser: in hayward, anser hassan, abc7 news. dan: coming up, which forces and trends affect wildfire risks and make them so devastating. a new study out tonight based your hairline. or that thing where your knee just gives out for no reason. but... you can choose your doctor who will care for all the things you didn't choose. kaiser permanente for all that is you. karina: welcome back. as we head into fire season, a study by the nonprofit climate central is pointing out trends that affect wildfire risk. dan: abc7 news weather anchor spencer christian is here with a look. spencer: the smoke had barely cleared from the

office. after that, he received a letter from him , also published by fontanka, it says that the car will be returned to the owner. there is no additional substantiation in the letter to tsu. microsoft will change the font in their products. office this will happen for the first time in 16 years now in word outlook powerpoint xl and the default font will be ups. it used to be called birzhtat created by its designer. steve matison according to him, he was inspired by the swiss typography of the middle of the 20th century since 2007, the default typeface was hummingbird. before him, the well-known times. not roman, and microsoft has been talking about changing the default font since the age of 21. and several candidates for the grand view seaforth, skin tenerit, claimed this place. here, who saw the difference between them here well done in march last year, microsoft announced that it was stopping the sale of all goods and services in russia in the summer of that year, it was reported that there was a shortage in the russian market, both digital, and box licenses. whether the office office products in russia have been updated and whether this new default font will appear in them, ilya

microsoft unveils plans to bring artificial intelligence technology to its popular office software. a business report. i'm monica miller. we begin with microsoft, because the tech giant's shares closed at an all—time high, surging nearly 4% in the later session. the company has unveiled a new artificial intelligence microsoft unveils plans to bring artificial

in january, memphis police officers were involved in the death of tyre nichols, who had been pulled over for an election traffic infection. microsoftrisk of a hefty fine after the you began an antitrust investigation into the tech giant. the latest investigation targets it's bundling of chat with office products. they have racked up billions of dollars in antitrust finds in the previous decade. and the costs associated with norfolk southern's february train derailment in ohio have more than doubled to $803 million. the terrain met near the io pennsylvania border resulted in the burning and spilling of hazardous chemicals that contaminated air, soil and water in the area, and that does not include funds to compass if the committee for long-term effects associated with the derailment. >> to the women's world cup where the women's team solve their toughest matchup against another team on wednesday. the netherlands scored in the 70th minute, and it was not until cocaptain lindsey horan was found in the 60th minute that she found her revenge and leveled the game. she is keeping their hopes alive as they head into the final group match a

microsoft announced the pricing for their office co-pilot, the stock, it rallied 5% in a straight line, gained $130 billion in market cap and it really hasn't seen an uptick since then it's down about 10% on a report in a guide that looked fine, okay so, maybe investors are starting to pay attention to valuation. you talk about a ten-year at 4%, remember back in 2021, when the fed signaled they were going to raise rates to battle inflation? what got nailed? tech tech got nailed. so, maybe that's the start of this cycle >> if we want to be notes of caution right now, one other thing that i read from evercore, it was a really good point, right now, consumer confidence has rallied as inflation has come down, purchasing power is higher, they feel great about today. if you look at the consumer confidence forward indicators, very depressed and when you see that kind of mismatch between today and looking forward, usually when it gets that wide, the difference, it is in the leadup to a recession. the consumers are starting to signal, we're getting nervous, we're pulling back and to your point

office. after that, he received a letter from fontanka, which also publishes it, it says that the cars will be returned to the owners . there was no additional justification in the letter. microsofthange the font in their products. office this will happen for the first time in 16 years now word outlook powerpoint xl will have a default font. avtos, formerly called berstadt, was created by its designer steve matotus according to him, he was inspired by swiss typography of the middle of the 20th century of the year. and this place was claimed by several variants of grand view seaforth, skina tinarit. that's who noticed a big difference between them, the one, well done in march last year microsoft announced that it was stopping the sale of all goods and services in russia in the summer of the same year, it was reported that there was a shortage of both digital and boxed licenses in the russian market. whether office products in russia will now be updated, whether they will have the same new default font, has not yet been reported. about the economy thank you all with the economic review of the day, independent commission. the next step taken by the british government during the pand

microsoft unveils plans to bring artificial intelligence technology to its popular 0ffice technology to its popular officest from al tools. hello and welcome to asia business report. i am monica miller. we begin with microsoft, because the tech giant's shares closed at an all—time high, surging nearly 4% in the later session. the company has unveiled new artificial intelligence subscription service which will be powered the content distressing. microsoft unveils

i think investors were wrong on the microsoft deal yesterday it's about a.i. and office i'm right now in a test group that's using google docs and gmail that has a help me write button in there. it's available for free within google and google is keeping pace so for anyone who has given up on google and said microsoft has won this that strikes me as a totally incomplete picture o what's going on in the market. >> so do you think that alphabet was unfairly punished from a stock standpoint it's caught up in some respects. the stock has done well as everything in that area has, but the early narrative was that they got caught sitting down when microsoft and others were running. >> investors were right to be skeptical of what alphabet was doing. they sat back and they had this technology internally and they sat back as open ai and not only did that, but created unbelievable hype and shine around their brands. now it's time to catch up. i don't think it's hopeless for alphabet, these tools inside docs and e-mail this is a 20-year battle, and 2023 doesn't end and all of a sudd

i., at some point does microsoft just bundle it into all their different office apps? right now, round one of the cage match goes to mark zuckerberg. he is beating the crap out of musk and twitter. >> at least this week. i want to talk about the supreme court and the decision to dismantle affirmative action. you've talked extensively about this before they made this decision, and college and college acceptance and how high ridge keisher is what changes our status in life. what do you think about this decision? >> i think they've got a ride, i don't think they ended government of action, i think they ended race based affirmative action. martin luther king said he thought affirmative action should include, what he called the forgotten white poor. 60 years ago the academic achievement gap between black and white was twice as big as between rich and poor. 60 years later the academic gap between rich and poor is twice as big as black versus white. 40 years ago, 14% of ivy league freshman were non whites, this year it is 50%. so affirmative action has been great, it has work

revenues is absolutely stick tack larra and microsoft -- spectacular and microsoft has installed base and corporate customers that owns office sweet owning ai products and revenue from the quarter from ai and they'll be the clear leader in terms of monetizing ai in terms of the big tech companies. stuart: we're talking about alphabet and microsoft as major players and nvidia. i got all that . are there any second or third-tier player who is could benefit, who haven't benefited yet from ai but could in the future? >> yeah, a stock that the street did not react very well to i believes a week ago was amsl technology and it was a touch company and it was a monopoly and they build the super component manufacturers and the chips without technology. this hasn't quite gone downstream to asml yet where they're giving blowout numbers like nvidia and taiwan semiconductor and two big component makers for nvidia are going to experience this and not quite with nvidia yet and that's to come but i like company withs monopolies and asml has a monopoly on their technology. stuart: one and done. one rate hike this afternoon and then done. is t

the expectations are so if you read into what they're saying here, microsoft has this massive install base of application users. office 365 as one of many opportunities. if you think about the addition of ai tools that can be charged for and everything else they do, and then you try to extrapolate that out, here is the analyst saying we run analysis against the largest opportunities. applications opportunity for microsoft of bear case $6 billion. base case, $19 billion bull case, $56 billion there's a lot of room between 6 and 56 we don't know which end this will come closer to. if you're long here, you probably think it looks more like 56. maybe that's how you back into getting comfortable with the elevated valuation >> does it make you more bullish on the stock it will expand business processes to be automated by software ai has a chance. is that another factor in you being so bullish on the call >> i'm a business owner, have 61 employees and not looking for opportunities to replace them, i'm trying to augment the work they're doing. we are getting pitched twice a week with solutions. some are startups that have har

you mention all these things and it seems like you've got a microsoft wanting to be everything to everybody in the office trusted partner when you say trusted partner means we've been inside ecosystems for our customers for years. we're behind their firewalls they trust us with security. you think about the importance of data and documents and the ability to understand where information is coming from, where it's going to, and how do you secure it. we've been doing that for 100-plus years customers trust us that gives us the right to start to play in areas like artificial intelligence and a.i you know, we think about augmented virtual reality and where we're driving and disrupting the service space those are areas where our customers trust us, where they have empowered us to go and drive their productivity >> to mike's point, though, you're competing against giants like microsoft and customers trust you. they also trust microsoft and microsoft may already be in their enterprise how do you compete do you compete in terms of the different kinds of customer you get, whether it be by size or industry >> thin

like monetizing it within google work sheets but obviously that is a smaller base than say office 365 at microsoft appears that too early for competition to have emerged. i'm curious to go to microsoft and cloud get a sense of azure's growth rate. what we saw, whether there's a read to amazon's aws unit as well. >> cloud is an important indicator of i.t. spending across corporate america and otherwise. so positive results here, especially when you look at azure, that should bode well for aws, the big number one player in terms of alphabet which is distant number three i asked ruth as well are you ready to say this is bottomed the they said they're still -- still some pressures here, customers trying to save money which raises the question how much are they going to spend on generative a.i. products everyone is looking for a bottom not sure we got that yet. >> thank you we'll watch the stocks throughout the day. >>> let's go to liberty media and ceo greg continuing a conversation with had in the last hour we were talking about the atlanta braves but so many other things to talk to you about happy y

office is slump. >>> the video game will remain before microsoft closes its $69 billion merger with the tech giant blizzardesolve long-standing complaints with sony that the merger threatens competition. microsoft is expected to become the third largest video publisher it's in world. >>> science climate activists posted videos vandalizing it on sunday. the video shows activists holding the banner in front of the $300 million where they spray it with red and black paint. two protestors were detained and should be released in the coming hours. the reportedly belongs to nancy walton laurie. a private jet was similarly damaged on friday. >> and that does it here on "cnn newsroom." i'm bianca nobilo in london. "early start" with rahel solomon is up next. bother the bugs. not your family. ahh! zevo is made with essential oils which attack bugs' biological systems. it wipes cleanly, plus is safe for use around people and pets. gotcha! zevo. people-friendly. bug-deadly. with new scope squeez mouthwash concentrate, just add water. squeez to control the strength of your mouthwash. and find a zone all your own. ♪ ♪ s

microsoft is probably in the next best position. they're not going to sell 40% more. they might get a few people trying this office product in the next couple of quarters. it's not going to move the needle. all right, there is nvidia. if there is nvidia, there is maybe microsoft, amazon, google. maybe they are further behind but let's say they are closer to booking this revenue that some of the next level down tech companies, so how does the shape out? >> i think the point about nvidia being a monopoly provider is really smart. at the end of the day, nvidia took the big risks early and now they are it. there what you get. we have heard many stories about companies essentially trying to buy their way into position. how durable and profitable those monopolies are remains to be seen. nvidia knows it in the big difference between ai and [indiscernible] as everyone knows it is useful. you can charge for this at rates that make sense to consumers, that makes sense to businesses, because the productivity gains are there. i think that piece of the puzzle is still undervalued in the market. >> how they're going to get that

patent and trademark office that x, in relation to online social networking services. but somebody is saying here on twitter or x that microsoftwns the trademark for x? is that right? >> that is something you have to look into. that sounds like some tech tea. kristen: that would be rich. that would be really rich. who knows whether he can use it? let's just talk about what he envisions with this everything app. i am familiar with wechat. it is huge in china. you can call, get your news, you can pay for things. is the payment part really where he says, do everything? i guess you can't really make calls. but you get your news. what is it? how will all disintegrate? >> this is something that the twitter ceo tweeted about. the focus will be on things like audio, video messaging, which you can already do, payments and banking is that new category there. that's going to be something they are going to branch into. i don't know how. we don't know yet exactly what that means. but that is kind of the new element here, what does that mean to payments and banking on the former twitter app? that is what they are leaning into. it will be po

revealed pricing for its new artificial intelligence subscription, microsoft 365 copilot ser vicks it's adding a.i. to the company's popular office products. it will cost an additional $30 a month, could increase monthly prices for enterprise customers by 83%. i don't hear complaints about enterprise customers paying up here. >> why would you explain if you're a company that has access to artificial intelligence if you can improve the quality of your presentations, maybe the discourse, the thought, the output that is coming from the brain trust within the company. yeah, 30 bucks per user. i think that's a bargain. i tell you what i think is fascinating about this development, maria. is that it's actually sort of a partnership for lack of a better word between microsoft and facebook. usually companies like that, you know, aren't working together. they're competitors. remember, microsoft is the company that initially backed open a.i. maria: right. >> that created chatgpt. totally separate from that, you've got facebook creating this program called lambda which is a competitor to chatgpt. one is microsoft, one is facebook. and yet t

regulators say they are concerned and that microsoft is gaining an unfair advantage over competitors by building its messaging and video chat app, bundling it with other officeoft said it will continue to cooperate with the eu to figure out some solutions if microsoft is found to be in breach of eu competition rules. the us tech giant could face a fine of up to 10% of its global revenue, and boeing announced it is increasing production of its 737 max jet. now that more people are traveling again, airlines are expanding their fleet. so demand for new jets is on the rise. boeing currently produces 31 max jets a month. it says that will rise to 38 jets a month by the end of this year. and that would put boeing on track to build 480 new passenger jets this year. our time now, 648 will most students are still on summer vacation. but in contrast, costa county, today is the first day of school that excels in middle school and at timber point elementary and monday is the start of the school year for the liberty union high school district education experts say many students around the country are still struggling with math after losing classroom time during the pande

microsoft's $69 billion bid to buy activision? let's discuss this more with fahad kamal, chief investment officer at kleinwort hambros.had. nice to see ou. ., , see you. good morning, sally. i like our see you. good morning, sally. i like your pun — see you. good morning, sally. i like your pun about _ see you. good morning, sally. i like your pun about it _ see you. good morning, sally. i like your pun about it being - see you. good morning, sally. i like your pun about it being a i like your pun about it being a game changer.— like your pun about it being a game changer. one tries one is best at this _ game changer. one tries one is best at this time _ game changer. one tries one is best at this time of _ game changer. one tries one is best at this time of the - best at this time of the morning. took us through this because we had previously a seniorjudge override the competition body in the united states. it looks like microsoft may be winning over the competition and markets authority in the uk. so, we're looking at this as a deal now? it certainly appears that way, sally, and clearly, you know, the big tectonic s

personally >> microsoft reports our steve kovach joins us with more what are you expecting when it comes to aai >> reporter: this is will cost an extra $30 per user per month and work with office apps like outlook, teams and word. estimates are all over the place. the potential market is huge there are hundreds of millions of microsoft 365 users, but no word yet on when this will be available. only a small group of microsoft customers are testing it now so look for more clarity on microsoft's earnings call tonight on when they expect to realize sales from co-pilot. another potential ai, azure cloud. it has slowed quite a bit over the last year. the ai boom could spur more demand for cloud services. that would be down from 40% growth in the year ago quarter a few other things to pay attention to, foreign exchanges is more favorable than it was in the year ago quarter thanks to the weakening dollar and windows licensing revenue will give a good hint at consumer demand for pcs which cratered last year after two years of a pandemic boost. that segment was down 28% year over year in microsoft's last earnings report. >> thanks for laying the table for us jason, you own microsoft are

the office of emergency services needs to prioritize this and tech organizations. companies like google and microsoft a local state of emergency which can help bring in more local resources. they are also praising the city for pritikin legal protections and making sure the city was insured against these kind of attacks. >> it was not if it happened, but when it happened and we were able to prepare accordingly. dan: actors are joining hollywood writers on strike. . the sack after national board to issue a strike order. it means hollywood's largest union with more than 160,000 members is set to hit the picket lines as early as tomorrow morning. they will be side-by-side with writers guild members who have been on strike for two months. karina: the fda has approved the first ever over-the-counter birth control pill that will be available without a age restriction or prescription. hormone-based bills are the most common form of birth control in the u.s. until now all required a prescription. dan: ridesharing has become a convenient way of life, but not for everyone. passengers who use a wheelchair often

today alphabet, microsoft reporting after the close tonight will likely set tone for tomorrow's markets joining me right now guidestone capital management president chief investment officerpika thanks so much for being here how would you assess earnings so far. >> so far better than expected what is important this market, year-to-date has been drieven solely by p/e multiple chance earnings flat year-over-year expectation won't see much if any growth this year but market is up 20%, all been p/e multiple expansion, that is only happened to this degree in 20 to and 2009 fed was cutting rates they were stimulating not raising rates trying to slow economy so just doesn't make sense, we cannot make sense of current market valuations even if the soft landing does occur we cannot make sense of current market valuations. >> partly part nasdaq up 34% year-to-date incredibly, even in economy that is slowing, because of those 10 right headaches fed kicks off day one of two-day meeting this morning, futures market fully pricing from 25 basis point hike that we will hear tomorrow, david what are you expecting from the fd? how weak will this economy get given 11 rate hikes 11th we are