nadella is looking like the role model in large cap tech. he should teach a course to whitman and some of the others. you're starting to see that in numbers. that is what investors are shocked about, hechting a ho-hum quarter and hit a triple in terms of the number. >> we'll let you get ready for this conference call. thank you, dan ayes. >> dom, this was the best performing mid cap stock out there this year. >> absolutely. it's been the leader of the s&p mid cap 400. when you talk about skechers, it's not as big as microsoft. it's lost 1/3 of its value in the last hour after recording earnings. we are talking about heavy volume. about 2.4 million shares traded in the after-hours session. earnings in sales came short of analyst estimates. they are blaming strong dollar, new store opening, a couple of new store openings in new york city, as well as other legal fees and other things. ceo david weinberg says the company is "comfortable" with current consensus analyst estimates. like you said, this is a stock that was set up. it was up 150% so f

did speak to satya nadella he said it is not about margins, it is about growing the pie. thing we're seeing is partnering with a lot of his competitors and that is something a wanted to drill down -- i wanted to drill down with michael wolff. michael: microsoft is opening saying we will be a great partner. all they're going to do is help drive their business forward as well as the businesses of their partners. emily: right now it seems like that strategy is working out for microsoft. the competitive landscape is changing. l has done that huge deal. oracle is about to kick off its big conference here. oracle is wanting to play a big role in the cloud but certainly amazon, google, and microsoft really impressing wall street today. you step off the airplane in san francisco or oakland and the first thing you hear is we are moving to the cloud. exists.y it let's talk about microsoft -- google. big earnings today. at 718, came in at 735. what are they doing right question mark >> we are talking about that. it is confusing. we are talking about alphabet. they made some strong m

satyana nadella taking a personal hit. his compensation dropping.ad compared to the $84 million he made last year. only 8 million of these stock is based on 1.2 billion dollars. ebay will release its first order earnings for the first time since the split with paypal. how will the business standalone without the business arm to support it? paul sweeney from bloomberg intelligence. paul, what your thoughts about ebay now that it is back to just being ebay? paul: this is a big quarter for ebay. this is the first since the split up. this is a company that works, that is really positioned in an industry that has grown 20% a year. yet ebay has only been growing its topline in the low to mid single-digit range. they clearly have an issue in terms of topline growth and repositioning the growth, and that's going to be the challenge, to put out a strategy for a roadmap to get some back to the growth the industry is experiencing. cory: it's an interesting business, because in one case, it is one of the dominant e-commerce companies next to amazon on all of th

satya nadella coming at microsoft from being a non-founder.ll being the founder and ceo of his company for 30 plus years. they do talk to each other a lot privately, but publicly, michael dell said it, just don't screw up. enemies.ien thank you so much, emily chang. we have some breaking news for you. sales of valiant have resumed trading. the company responding to a report that likened it to enron. this report had erroneous claims. we will dig through their response. we are back in a few. ♪ alix: welcome back to the bloomberg market day. time now for the bloomberg business slack. disney's espn is cutting jobs. the company says about 300 jobs or 4% of its staff will be eliminated. espn under pressure as people skip the cable bundle or choose keeper -- cheaper tv packages. boeing soars past wall street estimates. 25% jump in earnings. also boosting their full-year profit forecasts. lower-than-expected costs connected to its 77 dreamliner -- 787 dreamliner and cash from its backlog of plane orders. a huge deal for the semiconductor industry toda

the microsoft ceo satyana , nadella taking a personal hit. his compensation dropping.ad compared to the $84 $218.3 million. million he made last year. it included a stock grants worth $59 million. this year, only $12.8 million in stock. ebay will release its first quarter earnings for the first time since the split with paypal. level wall street expect, and how will the business standalone? paul sweeney from bloomberg intelligence. paul, what your thoughts about ebay now that it is back to just being ebay? paul: this is a big quarter for ebay. this is the first since the split up. investors, for better or for worse, we'll be focusing exclusively on the commerce business without the big growth spurt of paypal around it. this is a company that works and is really positioned in an industry that has broader e-commerce that is growing 20% a year. yet, ebay is only regarding its top line in the low to mid single-digit range. they clearly have an issue in terms of topline growth and repositioning the growth, and that's going to be the challenge, to put out a strategy for a ro

emily: how much time have you spent with satya nadella? do you see more opportunities to work closely with microsoft? meg: he has done a wonderful job and we have quite a close relationship with them. i think it was announced yesterday that we won their 2015 partner of the year award. so we are really proud of that. we have a great partnership on the personal systems business. we are excited about the launch of windows 10. the partnership between hp and microsoft is as strong as i have seen it since i have been at the company. emily: how much longer do you see yourself doing this? ♪ emily: do you find it troubling that there are still so few women in silicon valley and especially in leadership positions? meg: i think we can always do better. if i take industry as a whole -- and tech is a little bit behind here but my class at princeton had less than 20% women and the same was true at harvard, they are now 50% women. so part of this is simply generational. but part of this is making sure that women know that they can have a great career and

. >> reporter: amazon's ceo jeff bezos, alphabet's ceo larry page, and microsoft's chief satya nadellaht focus on different areas of the tech universe but they have all figured out how to please investors this quarter. one common theme across all these tech giants, a new focus on transparency. >> investors for some time have been saying they need to understand these businesses better. and they're many, many years beyond their early stage, hyper growth, ipo days. so the companies have become more mature, the investing base has become more mature, and they've met in the middle with greater transparency. >> reporter: amazon, for example, now discloses the performance of amazon web services, its powerful cloud computing division, where revenue just jumped nearly 80%. google reorganized under a new corporate name, alphabet, and will soon provide additional detail for google on the one hand and all the other alphabet businesses on the other hand. on the conference call cfo ruth porat talked about why the company will report in this new way. >> by doing this we expect they'll be better able t

microsoft stock hitting a 15-year high as nadella over at nyse seems to have got this beast moving againas cloud computing, being, and apparently microsoft 10, the windows 10 service, all helping this business. back to you. >> cnbc's jeff cutmore live from london. thank you. >>> all right, everyone. buckle up. time now for sports. we begin with the nfl and the 49ers hosting the seahawks on thursday night football. to san francisco, the seahawks snap a two-game losing streak, posting their fourth straight win against their nfc west rivals. seattle running back mar shawn lynch rushed for 122 yards and a touchdown. quarterback russell wilson found tyler lockett for a 43-yard score. and the seahawks beat san francisco 20-3. >>> to college football now, and a historic performance by ucla quarterback jeff rosen hosting the number 20 california golden bears last night. rosen completed a school record 34 passes, finishing with 399 yards, and three touchdowns. two of which were hauled in by receiver devon fuller. the bruins beat cal 40-24. >>> and a small scuffle broke out between the two teams a

she will be on tonight with satya nadella and michael dell. in the next hour, erik schatzker with that exclusive interview with the ceo of wells fargo. ♪ ♪ "the bloombergto market day." it is 3:00 in new york. from bloomberg's world headquarters in new york, good afternoon. i am david gora. and the wells fargo ceo, find out what the ceo of the largest bank by market cap thinks about the state of the global economy, and sales of valeant are tanking. research says they are using phantom pharmacies to drum up sales. they were making a comeback report isng citron's wrong, and fiat chrysler sells part of its ownership stake. let's go over to the market desk, where julie hyman has the latest. seen stocks go higher, just as valeant

>> stuart, the ceo of microsoft nadella just walked into the press event. two things on his plate.icrosoft spent 7.2 to buy nokia phones last year and prove why you should buy a windows phone for any reason other than the attractiveness of apple ap samsung. we're expecting to see three new lume yeah smart phones. one new surface tablet, an updated microsoft band fitness tracker and then a surprise of some kind, perhaps a xbox update or a virtual reality update, but analysts expect nadella to deploy the windows 10 mobile and hoping to get a million people on these devices. right now only 2.6% market share, very behind android and ios at apple. analysts are maintaining an outperform. the challenge for nadella is trying to gain a foot hold in the ever competitive landscape with apple and samsung firmly on the summit. take a look at the stock, down j us slightly as you head into this event. would you buy a microsoft windows phone? >> i'm a shareholder and i have ever intention to support the company i have a piece of. an admission by congressman kevin mccarthy could be a big mistake fo

scarlet: that would suggest satya nadella is delivering. paul: i think investors want to see execution, blocking and tackling, and they know there is a story there as it relates to the cloud business. toward: google plus approved a buyback of up to $5.1 billion in class c stocks. this is for class c -- a buyback of $5.1 billion. alix: this is the first time. they haven't been a buyback or dividend of this is a huge bone to shareholders. paul: probably the second leg bone the new ceo has given to shareholders. the first being better disclosure and a better feeling that they are going to control costs. at some point, they have to start returning cash to shareholders. to have so much cash flow on the balance sheet and what this interest rate environment, they can leave that much cash on the balance sheet. scarlet: you can only get so much return sitting there on your balance sheet. alix: paul sweeney will be sticking with us to break down more earnings. we did get more information in terms of at&t -- post paid net adds, total ads in terms of p

on the cloud, interesting move, nadella clarified his philosophy and outlook on the cloud.at often. amazon only we and amazon are potioned in enterprise cloud as platform creators and that's important because we have the technology that's going to able to drive this forward. other players are not going table to keep up. interesting it comes right on the heels of hp saying they are shutting down their public cloud presence. so what satya has been telling us, what amazon told us days ago, there aren't that many players at mega scale in the cloud. some will have to drop-off. also commercial cloud doing well for them, office 365 picking up a number of subscribers, commercial cloud growing at 70%. annualized run rate, revenue run rate of $8.2 billion. adds to that 20 billion number they are targeting in three years. down side for employees, microsoft cut 1,000 people. a lot of people would argue that microsoft was -- they had some room to trim some folks who were working on legacy technology, things that weren't working, so even as they are growing in certain areas, nadella and

ceo satya nadella has been focused on selling cloud services. the u.s.pproval to driven -- drill for oil in an area previously off-limits in the alaskan arctic. closed down 14%. the state of oregon sued the company. lawsuit that oregon's does not have any merits. francine: thank you so much. erickson shares missed analyst estimates. spending in china slowed. ceo froms now is the stockholm. a microcosm of what we are seeing in the world economy. i want to get your thoughts on how concerned you are with china and that we are expecting them to reduce spending. stilln i look at china, i see a heavy dependence on 4g networks. of the that is part mobility in china. you have to be put in a relative term. is that the online demand for more people getting , the macroeconomics, the infrastructure is so important. what about russia and brazil? >> they have been keeping up their investment for a while. it is a little bit harder when it comes to investment in networks. of course, the purchasing power is going down for them. we have seen some signs of that in the thir

nadella came up with that. david: alphabet, it does it start with more than g? >> i don't know. don't know what else of that is. i know what up that is. know what you had to grade a separate corporate structure. i don't understand the alphabetting of google. will google be effective in the hardware business? that's a they're talking about with cars or nets. they have to make a sustained commitment and they have not shown a willingness to do that yet. stephanie: let's talk amazon. in a recent article, " he did not want amazon to become a country club but amazon became like microsoft and we would die." that's a quotation from jeff bezos. i don't think of you as a country club guy. what you think of this? >> the microsoft culture is very strong, hard driving, people are really focused on changing the world, people work very hard. i believe the same is true at amazon but there is intense competition between microsoft and amazon. intenses but there is competition just in the city of seattle over talent. i think they are a place that people don't want to work. anybody who ever let mic

yes, windows 10, satya nadella will help momentum. neil: not like old days. >> it was awesome.er. i had aol. neil: before the time they had pcs, daddy. >> typewriters, right? neil: that was fine. that was my high school graduation present. >> that is really cool. neil: you don't even know what it is. it is in the smith sownian. >> snapchat, is a what you mean? neil: go. do you believe this woman? can you believe the debate last night. a lot of folks are saying, joe, no rush to get in. in fact you don't even have to get in. really? after this. ♪ ♪ (charge music) you wouldn't hire an organist without hearing them first. charge! so why would you invest without checking brokercheck? check your broker with brokercheck. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern.

is a big deal for microsoft to be moving in this direction but we also see it as part of the satya nadella's, strategy to expand retail, tighten the reins of management and trying to put forward a coherent message. maybe it is working today. neil: we were talking about the earlier microsoft stores prior to his arrival as ceo, they didn't earn this amount of interest. they have a lot more cooler gadgets. you have apple sliding in people's eyes and stock sliding as well. microsoft's rising with critically acclaimed products. to early to tell. it could be a significant turning point. what do you think? reporter: it could be a turning point. apple is dominant in terms of mobile with the iphone but you need a tablet that does more professional things than the ipad does. the surface pro has long been a good tool for that with the new edition of the surface 4. they're feeding a new, growing market. and then you see apple kind of coming up from behind with a stylist of apple pencil, if you will. there is a lot of competition on this highway. neil looking at products themselves, there is a lot of p

value line comes in, jeff good man comes into microsoft and i think caused some very good change with nadella. i think it all depends. pepsico, trian, i don't think it was a good thing and now ge is saying with trian coming in there they welcome them. this is kind of a brave new world out there. i think it's important that companies are clear about their strategy and clear that they're building for the long-term at the same time they're meeting their shareholders needs and that's a tough juggling act for any ceo to do today. to meet the needs of all the shareholders, particularly when a new shareholder shows up. big challenge out there. i think it's a mixed bag. if a company is more about performing, but if a company is a peak performer, i don't think it's a good thing. i think you have to get down to cases and look at what the plan is and does -- i didn't think that in case of dupont that nelson pellets ever presented a viable plan, he just wanted to break it up and that was going to get some short term gain and no long-term future for the company as i saw it. >> the business continues to su