there has been this honeymoon pared with nadella. they were blemishes.hey are going through cloud transition. 2015 going to be a little bit more of this transition year especially windows 10 but ultimately i view this as a near term speed bump. ultimately large cap tech. they are a lot better off than a lot of other peers, spi, ibm, emc and i believe in dell with some acquisitions will be successful in the cloud transition so we be buyers. >> people, dan, are pinning their hopes when it comes to this stock on growth from the corporate side, corporate technology upgrade the enterprise business. your seeing enough growth there? is that going to continue at this fast rate >> that's where you need windows 10. the pc upgrade cycle started to wane. softness there. why so much of microsoft's success comes down wind dose 10, can dell be successful not just on the cloud but commercial as well as on the consumer side. there's a bit of prove me situation here over the next two, three quarters from microsoft. last year there was almost a breath of fresh air after th

any said, satya nadella -- >> they messed up. that's why they didn't crush a lot of people.re you betting satya will mess up if you're betting in favor of box right now? >> you're thinking that a lot of these companies have other businesses and maybe they can't focus as much as box or drop box can. you know, these companies have managed to build pretty significant businesses in the middle -- in the middle of other people's businesses. and what happens is big companies, he don't have as much focus, they have, you know, they have lesser people working on these things with the companies, they're not in their core areas, now this happens to be in a core area for microsoft and also for google and amazon, there's all kinds of players here. that's the danger of these companies. and many people thought box would get bought by microsoft, for example, or drop box or something like that. and it didn't. these companies want to stay independent. the question is, can they differentiate themselves and offer products that are better than what the big companies do because eventually those co

i think that the excitement, there's there's clearly been tremendous for nadella. i think you are seeing benefit there like the intel stories, stabilization in pc and the real excitement for microsoft investors is the way he's aggressively skating towards those growth areas, whether that's mobile. there's a large opportunity there. windows share and smartphone market is like 3% and, of course the cloud and scaling very quickly, mandy. >> and i would agree with that. when you look at it there's confusion. you have office 365, one drive. you have sharepoint. you have a lot there and confusing when you try to understand the product lines but i agree with josh and i think i agree and the marketplace agrees and whether they hold it and grow from it. >> you are so cool herb. so much more tech savvy than i am. i'm not really that generation to be tech savvy. i kind of just missed out. josh and herb thank you very much for joining us. >>> okay. take a look at this weight to loss chart. it's a live look at how much weight weight watchers are losing right now. tanking by 12%

the new ceo microsoft's satya nadella, caterpillar's doug glass owe ber hellmann. >> fair or not?i don't think microsoft is fairp one quarter. just come in. a huge ship to turn. he said the right things with the exception of women in the work place he's been good. on cat that would have been my first entry into the ceo wall of shame. >> [ inaudible ] for a long time. >> would you take a look at how many quarters cat has missed going back three years. not just going back this past quarter. i thinks his time is up and should move on and great stock for an activist because there are so many parts there. >> i agree with steve. how many times have we heard they just don't seem to have that vision. every quarter seems to be a surprise when they miss and very little, any kind of -- >> seem so out of it touch. >> completely out of touch. suddenly energy, mining, whatever. there always seems to be an excuse an at some point in time people get frustrate the with these. >> they are exposed to a cyclical sensitive type product they're offering. they have been overly exposed to the slowdown th

at "wired" and former colleague at "fortune" got a look at the halo lens and sat down with satya nadellato talk about the lens. in my experience this is the type of project that microsoft tends to fumble. the original surface was this coffee table supposed to go out and it never really got anywhere. now the surface is something else. you're worn the thing. is it good? and do you think it's going to work for them? >> those are two very different questions, right, jon, because you're right, microsoft has a history of fumbling. it's to the just that coffee table. that's the way microsoft does these things. microsoft also has a history of developing amazing technology. and this is that, jon. i have never seen anything like it. i've tried a lot of these headsets. >> so -- >> what about it is so impressive? >> well, you've probably heard a lot about virtual reality headsets, put them on, the oculus rift, and there's another world and you're in it. you put this on it's augmented reality. it brings the other world to your world. it allows for all kinds of different things and i mean, you know, i

that aided satya nadella in his first quarter i see you. that is not happening anymore.n the discussion, we can see that the growth in unbilled revenues, what they do not copy deferred revenues -- call the deferred revenues. that is not as great as some bulls might have thought. a new period where sledding is going to get tougher. >> what about fx? apple had to raise the price of iphones in moscow because the ruble sold off. is the stronger dollar going to bite apple? did you see it in microsoft? >> we saw it in microsoft, we are going to see at an apple and over the course of the next four months. fourth quarter fx. for a handful of tech companies particularly in europe, companies like cisco. nearly a third of sales are in europe. they are going to see some serious fx headwinds. we could be in for some negative surprises. >> a wildcard. we dearly appreciate your getting out of bed at 3 a.m. to join us. >> we will look away from the storm. some storm data coming in from massachusetts. plymouth rock gets buried. richard haas will join us with a consult on foreign relation

microsoft and nadella, they have distillates themselves from ibm, oracle, hewlett-packard.n for 2015. >> thank you so much for being with us, daniel ives of fbr capital markets. "street smart" is next. ♪ ♪ >> good afternoon, and welcome to the most important hour of the session. there are 60 minutes left. i'm erik schatzker, along with betty liu today on "street smart." 2015 resuming where 2014 left off -- more pain for black gold. oil fallen to the lowest level since 2009. >> and, ecb president mario draghi sending a strong message to the market. could ecb be on the verge of an aggressive stimulus package? quantitative easing, we are breaking down the options. >> and how big of a knighted huber -- night date uber

>> yeah i think the new ceo nadella wants to innovate.n they showed you that product was to underscore that you know the company is innovating again. so it's nice to see. but i don't know that it's going to be a commercial product for another year or two. it's not going to move the needle. it's one of the things to demonstrate the philosophy of management, which is they're investing in the business they're not just wildly slashing costs and getting rid of x box, bing areas where they lose money. he's trying to build business. at the same time they are cutting costs. i don't think you'll see costs go down dramatically from here i'm think they're going to continue to want to invest around windows 10 the platform for innovation going forward. >> rick, given the stock price itself down 10% right now, you're talking about a multiple i think, of about, let's call it 12.5 times if you tax effect offshore on 16 numbers. has the result in 10% in the stock price already taken out or taken into account what you're talking about? >> well david, on ca

if windows 10 is ready for the enterprise which what is you expect to see from satya nadella nadella,'s numbers they're doing what they guided to but given we heard all this caution from best buy about tvs, the pc ecosystem, now we're seeing these numbers from intel that kind of line up with the retail numbers we had yesterday, yeah you know, it's pretty good but not that great and by the way, the guidance is pretty conservative as well. >> was that you, sorry, please share your thoughts as well. >> jon, given what the stock has done. the stock is up 40% year over year, now trading at a 17.3 multiple. it's fine. but it's, you know a place and people are talking about how intel's, you know, the delta between intel and the overall growth with the pc business is very good but overall, pcs are not growing. you get to place where the bar is very high. the company doing a lot of things right. they are now effectively the number twos guys in mobile processing. they're going to be one of the last man standing. that's great news. the stock needs a lot to push it higher. >> that's a good point.

is the honeymoon over for satya nadella? find out in our call of the day. apple earnings on deck after the close. the analyst that says it has much more room to run. there's a difference when you trade with fidelity. one you won't find anywhere else. one-second trade execution. guaranteed. did you see it? in one second, he made a trade, we looked for the best price, and the trade went through. do the other guys guarantee that? didn't think so. open an account and find more of the expertise you need to be a better investor. and you can move the world. ♪ but to get from the old way to the new, you'll need the right it infrastructure. from a partner who knows how to make your enterprise more agile, borderless and secure. hp helps business move on all the possibilities of today. and stay ready for everything that is still to come. tsipras. >>> a look at the euro dollar and it's been in a down trend as you've seen. maybe a little bit of -- obviously upward moment today but still, under 1.14 but a nice 1% rise and the greek story, certainly plays into that story

when you look at what nadella is doing, it's a smart move which embraces a broader ecosystem across devises and i think you've seen their in their acquisition strategy as well. no longer about the microsoft stack. this is about being across platform and pushing that harder than ever. i was at a large tomorrow software company here in san francisco and it was a start-up and they said, you know, we love what microsoft is doing for us. you would not hear that in silicon valley two years ago. i think microsoft is on the right track. it's going through a transition. but i think again, when you look at the things that they have now as a catalyst to help at this level, there are multiple things they can still pull out of their hat at this point. >> all right. we see how long this transition lasts. brent from ubs thanks so much. >> thank you. >> when we come back, keeping an eye on the markets. the dow has been down as much as 390 points. "shark tank's" kevin o'leary will give us his take when "squawk alley" continues on this tuesday. >>> microsoft starting off a wave of negative earnings which are

human rights, satya nadella , one republic, the band. >> things you can find out about people by who he's not following you. >> that's just an oversight at the moment. >> he is following cover pig as well. >> of next, talking about the markets. >> it is bart chart time. stay tuned. ♪ >> time for today's bar chart. russian corporates are facing significant risks. those are the words of the director of rating in moscow. russia has been cut to junk by standard & poor's. refinancing foreign-currency debt just got a lot harder. this chart shows that $42 billion of non-ruble denominated russian corporate bonds and loans are coming due this year. it shows every month. on the right side, it goes from no rubles to 10 billion rubles. as you can see, february is the big month. $10 billion worth are maturing in february alone. most companies will suffer the fate of the sovereign. they will have their rating downgraded threatening to boost borrowers costs. this man says it will be more expensive and more complicated to redeem and refinance debt. dollar denominated bonds of companies in russia hav

. >>> satya nadellas central bank banks the question looms will the fed raise rates in 2015?rris. good to have you back. good morning. thank you. >> do we get it this year or not? >> yeah we have them going if september, but anytime in the second half is a reasonable guess. i think it's going to be later than what the consensus is expecting right now. >> why the push among some morgan stanley the latest to think it's not going to happen at all, until q1 of '16. >> you have a very solid recovery in the labor market. so the unemployment rate alone would be enough to trigger the fed by the summer. meanwhile, though ep flation dropping in the u.s. not just headline but the core. the fed's going to be achieving one of its goals, low un unemployment rate but missing the other one. how will they waer theeigh the two together? she haven't told us what they'll do if they hit one and miss the other. >> since the last fed meeting in december, oil was 20% higher around $56 a barrel. u.s. dollar was 6% weaker than it was right now. how do they deal with the crazy market moves they've seen