. >> nintendo games are coming to smart phones. >> reporter: in text bites nintendo has major news for video game fans. they will release their first mobile game by the end of the year. up until now nintendo resisted designing any games for smart phone or tablets. >>> google wants you to help you get your takeout food faster. it will allow user to place their orders from google's main results page. >>> check out the microcar of the future. it's a two seater vehicle that can change it's shape by turning side ways to fit into tight spaces. it can go 40 miles per hour and trarve up to 44 miles on a single charge. >> they make one you can put the tom down an i'm in. those are tech bytes folks. >> that's a sidler. >>> a photo discovers a sea creature getting cozy inside a california yacht. >> reporter: warm and muggy this morning, shorts and ts work on the way to the school bus definitely working on the way home. i'll check out severe weather around the country in case you're traveling. (female announcer) you could win $1,000 a day for life... (husband) hon! it's grover cleveland! (female a

let's take a look at nintendo. it is back in the black for the first time in four years. nintendo officials say the firm posted an operating profit of $206 million the weaker yen boosted sales on the wii u video game console in the u.s. and europe. but sales fell 3.8% in yen terms to $4.6 billion. that's because sales of the 3ds game console were lower than expected. >>> lower crude prices have caused edemitsu kosan to post its first net loss in ten years. the net loss was close to $1.2 pull. officials say plunging crude prices pushed down the value of the oil reserves by more than $1 billion. problems with overseas oil development problems caused the firm to post an extraordinary loss. now that oil prices have stabilized they expect a net profit of $470 million for the current fiscal year. >>> let's see how the earnings will effect markets here especially after a rebound in u.s. share prices after the encouraging numbers on weekly jobless claim. the dow jones and nasdaq closed up .5%. we go to ramin mellegard at the tokyo stock exchange. what are you seeing so far this m

. >> nintendo released his earnings. all the details from the numbers live in tokyo. >> thank you carolyn. nintendo's earnings for physical 2014 were higher than market expectation. and with this news the company stocks surged to a 4 year high. sales did drop slightly by 4% year on year and operating profit and net income did well. for three years in a row they posted operating losses but showed a profit of 24 billion yen and expect their operating income to double for the next year. net income also recovered and the net profit margin was 7.6%. if you look at nintendo's stock performance you'll see that for the past five years shares have decreased by roughly 30%. investors confidence had been low as they resisted moves into new software development such as mobile gaming because nintendo is famous for its hardware such as the wii u and nintendo 3ds. but they lost steam and smartphone based games are where the industry is growing. but in march nintendo announced a major shift in strategy and is forming a capital alliance

. >>> consoles and software are selling better overseas for nintendo. the company has announced its first profit in four years. nintendo officials say the firm posted an operating profit of about $206 million for the business year that ended in march. they say the weaker japanese currency helped boost profits on the sale of the home video console and game software in the u.s. and europe. overall sales fell 3.8% in yen terms from the previous business year to nearly $4.6 billion. officials say that's because sales of the 3-ds game console were lower than expected. >>> japanese telecom operators softbank is taking a stake inia ma da. official -- in yamada. softbank will buy a 5% stake in yamada. softbank officials hope to improve their sluggish sales. yamada reported lower profits for the year that ended in march. the idea is to create a new business by linking yamada's home business with softbank's business. >>> work continues rebuilding from the 2011 earthquake and orders are flooding in ahead of tokyo olympics in 2020. there's some solutions. >> report

sales fell 4% during nintendo cost last financial year.enie: there has been somewhat of an embarrassing turnaround at the top of one company in india after the chief executive sent a resignation letter. stephen: proving you come back from almost anything. the property website housing.com, a private -- a prominent start up. including this sentence, i don't think you guys are intellectual capable enough to have a sensible discussion anymore. he went on to say he does not want to make -- does not want to waste anymore of their life working for them. about a day later there had been an egg knowledge meant that he had resigned. he announced he was staying with the company after healthy discussions with the board. i can only imagine what was said in those discussions. housing.com is a prominent start up. they're worth more than 200 million euros. genie: nice to know a conversation can bear some fruit. thank you for that. time for the press review. genie: a look at what weekly news magazines have been saying. courier international which is focusi

nintendo will release the first mobile game bit end of the year with more detroits to follow. until now they have resisted dining any games for smart phones or tablets. >> google wants to get your take out order faster. they have team up with six food ordering we services to allow users to place orders right from google's main results page. >> check out the microcar of the future. >> the smart connecting car is a two seater vehicle that can change its shape by turning sideways to fit and tight spaces and can go 40 miles per hour and travel 44 miles on a single charge. >> pretty cool. >> if you can put the top down, i am in. >> would need as security alarm with bonnie on the job? the cat burglar whoment his match in a feline crime fighter. >> the family photo and the sharp mom that ended up saving this little guy's life. >> and now a look from our rooftop camera toward the ferry building. stay tuned. >> the tour of california will kickoff day two in a few hours transferring from nevada city. the bicycle ride through the state began on sunday morning at the state capital in sacr

for nintendo, it was their first move toward mobile gaming.uys, it was a chance to partner with a very established name. a lot of franchises -- donkey kong, super mario. they announced yesterday they the firsttroducing target coming up with five games in march 2017. we don't know what the gains will be but we know they are targeting world-class it's with massive reach. angie: i will guess there will be a protagonist and then you control the character and then you save somebody at the end and then there are obstacles. like people challenging you. and then if you accrue enough points, you get to the next level? i am just guessing. >> to get the sharpest sword, you have to pay maybe two yen. this is really how you monetize games these days. >> i hate it. angie: free to play but once you get into it -- annoying and the crash notifications on facebook. is that how it works? you have to invite everybody else to get to the next level? >> you bribe your way through life. [laughter] angie: that is the verdict from the stock exchange. hour.n an we have

. >> nintendo and universal parks and resorts are working on a project that would bring nintendo charactersits theme parks. picture a real live version of mario. kids would get a kick out of seeing luigi and donkey kong roaming around the park. >>> it is a busy sports time in the dmv. coming up in sports we've got the story of a pitcher for the marlins with local ties and who still roots for the local team. >> looking forward to seeing that. >> plus a serious story about infant sleeping dangers and what parents need to know before ♪ when you just can't seem to escape... another sneeze attack... you may be muddling through allergies. don't get caught off guard. try zyrtec® dissolve tabs. powerful allergy relief, now in a tablet that starts dissolving instantly. zyrtec® dissolve tabs. muddle no more™. >>> we've got another consumer alert. it is common for a baby to doze off in one of those swings or a car seat, but researchers say it could be dangerous if you leave your baby unsupervised. >> that was the last picture that we have of him and he was 8 months old. >> reporter: stacy tober lost h

. >> and you hear about how nintendo has woken up to mobile games and how they are making a really bigfort in the near future, partnering with another mobile gaming company to bring a lot of their existing ip's like super mario brothers to mobile. emily: talk about what is happening when it comes to mind share. you have companies like take two for consul -- console. and games on devices, but zynga is laying off hundreds of people. wax mobile will be bigger then we all think. to give you some perspective there have been about 50 million consoles sold. apple's old million iphones in the last quarter alone. we are talking about a global gaming audience that will be in the billions for mobile gaming. it is so different from the console market which is relatively small. emily: closing thoughts for us. what should we be watching for when it comes to gaming and mobile gaming going forward? how can we think about the attention people are giving to games? >> as big as mobile is, we are just getting started. it will get bigger and bigger. we see companies quickly accelerating. emily: tim, kevin,

yes, robert piazza and christa slaten dressed as link and zelda from the nintendo game "the legend ofda." you all did not do this one justice. >> the couple met during the video game tournament at that same video game store. so it was only appropriate that they get married in costume. where it all began. makes perfect sense. >> to each his or her own. i love that game and i love love. >> and they love it, too. >> i don't know those two things come together. >> apparently this was sponsored by game stop and nintendo. >> there it is. >> a little added incentive. >> pay for my wedding and i will dress up like anything you want me to dress up as. >> we've got "the skinny" coming your way and the contestants kicked off from last night's bachelorette. our senior analyst right there. >> he's fired up. all right. but first a wild scene caught on camera as a waterspout moves ashore taking aim at a bounce house. the frightening images and the children injured coming up next on "world news now." >> announcer: "world news now" weather brought to you by clearasil ultra. to you by clearasil ultra.

we were just talking about the nintendo virtual boy. are you sure it starts with games and what are the obstacles do adoption? >> the days when i walk around like this -- it is probably several years from now. this is a space where the ecosystem clearly has to mature for people to feel comfortable enough to go forward with this. we saw the precursor for this and google glass and that is not have another application in the ecosystem to make it useful for consumers. i can see a first face phase of vr in the courtroom or hospital but having this in consumer play needs to have their differentiated apps. most likely games but game developers need to be really incentived. >> the oculus rift when it launches next year could be around $1500. you said you think some of these firms will eventually have to give these devices away along with smartphones. what happens? what does the price points need to be at how quickly do they need to drive it down? >> gear vr is existing on current phones. in $1500 will be a little more interactive and immersive

we were talking about the nintendo virtual boy. what are the obstacles to adoption? >> the days that i walk around like this -- it is probably several years from now. this is a space with a ecosystem clearly has to mature for people to feel comfortable enough to go forward. we saw the precursor of this in google glass and that certainly did not have enough applications in the ecosystem to really make it useful for consumers. i can see vr -- the first phase being in spaces like the courtroom or hospital. having this being a consumer play need to have different exciting apps. most likely games but game developers need to be incentivized to devote tens of millions of dollars. brad: gene i saw the ceo of facebook oculus's unit earlier this week and he said a launch next year could be around $1500. in your report, you said you think some of these firms will have to give these devices away along with smartphones. what happens? what does the price point need to be? gene: initially, that is not even the starter -- $1500. gear vr is exists for jeweler dollars where you can ma

nintendo teaming with universal to bring characters like mario, luigi, donkey kong to its theme parksrances in the parks. no word if there's plans for a zelda-themed restaurant. mario cart is obvious. >> watch out for the mushrooms sliding around. >> get all the pennies you can. i think nintendo had their best operating profit in years, talking about a brand that's stood the test of time. >> getting into mobile, good times ahead. >> we'll see if the best times are ahead for the market. the dow up 68, europe closed, what an amazing morning it's been for the german bund and interest rates around the world. let's get to wopner and headquarters for the half. ♪ ♪ >>> welcome to the halftime show, let's meet our starting lineup. joe terranova sheer, along with jon and pete najarian and tom berrick is here, the ceo of colony capital and happens to be chairman of miramax. josh brown is out on the west coast in san francisco today at our bureau at one market street. our game plan today, looks like this -- rate risk -- how high will yields go? in capitals, tom ricketts waear in. plus -- >> i

. >>> nintendo famously resisted putting its games on the mobile devices didn't think that the videohe small screen. also thought that the smart phone games would siphon off sales amidst console games. however, nintendo is finally realizing it and now going to develop five games for smart phones specifically. in the next two years. admitting that it needs to change with the changing times. >>> stock market came off a big day on friday. the dow gained over 260 points on a solid job gain in april. well, we'll see this morning. pretty flat so far. let's take a look at the big board. and see how we're doing at the moment. and so far, the dow is moving a little bit lower while the nasdaq is up 5 can the s&p is flat. hazel and frank back to you. >> all right thank you jason brooks. >>> get ready to pay more at the pump. right now the statewide average for a gallon of regular $3.72. as usual drivers are paying more in the city. $3.82 in san francisco and san jose will fetch $3.69. oakland a little bit cheaper $3.65. >>> just a little bit cheaper but still expensive. >> you have to shop arou

asset manager became nintendo's largest shareholder. they have upped the stake to just over 16% of the japanese gaming giant. taking a look at price action and shares of nintendo. let's just bring it up for you. we don't have it. we'll bring it to you after the break. >> nintendo is creating a stir by hiring a new vp of sales with a name that's almost too good to be true. find out why gaming fans are cheering the appointment. that's on cnbc.com. what is the name. do you know? i'll have to check it out. better reason to go to cnbc.com. let's have a look at what the euro is doing over the course of the week. a big drop compared to last friday. then we have the speech coming and there you go. over the last seven days euro dollar down 2%. joining us now to discuss is the head of european fx strategy at morgan stanley. i'm borrowing a line from your colleagues that say the spring cleaning of positions in the fx markets is over. do you agree with that? >> i think that is very much the case. we have seen over the course of the past few weeks a

. >> this couple in pennsylvania getting marry in a ceremony straight out of nintendo. she was dressed at the princess and he was the hero and they were hitched at the same video game store where they met during a tournament. romantic. >> i am a fan of love. congratulations. >> plans are unveiled that could ease long time traffic trouble at the most scenic spots in the bay area. >> a frightening scene for any parent what caused a bounce house with children inside to go blind. stay tuned. >> a plan to end the choking congestion in muir woods could end. parking is a problem. cars are in limited space creating traffic jams. state representative is suggesting that parking spaces be cut by 75 percent from 400 to 100 to encourage visitors to use the shuttle. a reservation system is also being considered. tonight, the public meeting starts at 7:00 at mill valley community center. >> two children have been released from the hospital with broken bones after a waterspout whipped the bounce house they were playing in into the air in fort lauderdale. it lifted the bounce house 20'

a lot of companies will be reporting earnings and one of the big names, nintendo. we'll keep track of how a lot of shares trade and a lot of the asian indexes later in the morning. that's all for me. back to you. >> ramin mellegard from the tokyo stock exchange. >>> the greek prime minister and european union president have been tackling a stumbling block. they have been talk on the phone on pension reforms. both sides want to show that talks for a bailout plan are making progress. the meeting took place ahead of the meeting on a greek bailout. talks have been stalled. that's blocking greece from getting a 7.2 billion euro bailout. fear is growing that the country may default on its debts. on wednesday the european union, the european central bank and the international monetary fund announced their joint statement. they stressed they are working together so that the meeting of the your roan zone finance ministers can come up with results. but euro group president -- said there will be no agreements on monday. he says the officials have plenty of issues to be solved

. >> and a pennsylvania couple's wedding ceremony was straight out of the classic nintendo game the legendhe fun didn't stop there. we'll tell you about more of what's going on there when "action news" continues. >> ♪♪ >> back to life, back to reality on this tuesday morning and things are very real unfortunately here in lower gwynedd with a crash to start off the morning. in the northbound lanes of 309, that's bethlehem pike right here at welsh road we have police on the scene. appears to just be one vehicle involved. traffic can get by as you come north from ambler up toward montgomeryville but watch out for the police activity associated with the crash. word of a ladder on the ramp from sanatoga to the westbound lanes of 422. hopefully they're taking steps to remove the ladder but for now as you use that ramp watch out for the ladder this morning. if you're coming southbound on the northeast extension speeds in the mid 60's, looking good. we do expect some extra volume on the southbound northeast extension this morning as people make the late trek back from the holiday weekend in the po

nintendo has forecast its annual profit doubled, beating analyst estimates.ased on the latest wii model and the entry into the smartphone game market. anna: a bank increased its stake in apple, exxon ed johnson & johnson. taking -- guy: the reports of increase in first-quarter earnings as the weaker euro helped sales beat analyst estimates. the bridal know you greet -- the rival gnocchi a agreed to buy alcatel. -- nokia agreed to buy alcatel. guy: bt is unchanged at the moment but if you look for the bottom of that you can see the away team french bond trading at 3.1%. a touch of 1% in the first time we have been there since december the eighth. prices continue to fall. anna: after boosting the amount of money the bank can access. -- elliott joins us on set. the ecb is getting tough but doesn't want to push greek banks over the edge. it is a dilemma which is a greek word. doesn't want to push them over the edge and doesn't want to preempt the political process. it is like the finger hovering over this button that will make like -- life tougher. also, in the l

nintendo is counting on a new version of its handheld game player to boost profits.was the message in their earnings forecasts which beast estimates. they are also releasing new games for the wii u and will also be working on a new council -- console. t-mobile and blackberry begin selling products again after a fallout. t-mobile ceo john letter says that after listening to customer feedback, ceo john ledger said that their product will be back on the shelves starting wednesday. they pulled their devices after the carrier ran ads encouraging customers to trade in their blackberries for iphones. we eat food that is big, -- baked roasted, and steamed. soon, we may be eating food that is printed in three dimensions. in this week's edition of wiring the world series, we go to hershey, pennsylvania to see how two traditional institutions are going high-tech to change the future of food. we report, starting with a kiss. >> not far from chocolate and cocoa avenues in pennsylvania, american chocolatier hershey experiment down these holes with -- experiments down these halls w

the computer is going to think it's a nintendo entertainment system.e're going to download a little software application which will make the computer act like a nintendo system. purchasing a pad off of amazon now, you plug it in, and this little flash drive can actually hold all the games from 1978 to your early '90s. so let's check out playing some super mario. but let's say you're not a mario fan. sonic the hedgehog, the list goes on and on whatever you want to play. we can make it happen. but make sure you own the games you're playing, otherwise you're committing software piracy. reach out to us, and we can continue the conversation online. >> we want to get your opinion about this one, see what you think. i think these cars are very cool. have you heard about this one? the new vehicles on new jersey highways, patrolling the roads for this holiday weekend. some people love them, some people don't. they are calling them ghost cars. let us know what you think. >> it's a holiday weekend, and police will no doubt looking for drunk drivers. a new app aim

nintendo is delaying the introduction of a new console focused on emerging markets.aming giant is hoping to offer more smartphone titles. these gains could come out this year. tesla has already taken orders worth $800 million in potential revenue for its new storage battery for homes and businesses which were announced last week. that is nearly as much as the company took him from car sales in the entire first quarter of this year. toshiba has withdrawn its earnings forecast from last year and will not pay a year and dividend after it found improper accounting on infrastructure projects. toshiba is also setting up a third party committee to further investigate the matter. now i'd like to turn back to my interview with the first female director of the u.s. patent and trademark office michelle le e. after being the deputy counsel of google, she focused her efforts on improving the patent system. now the u.s. pto is encouraging more women to enter the s.t.e.m. fields. here why she is focusing on the issue. >> i was born and raised in the silicon valley my dad was an ele

nintendo and universal parks and resorts teaming up to bring nintendo characters to life at universalcast, the parent company of cnbc. back to you, brian. >> hopefully we won't be running around the park with sledgehammers, collecting coins and smashing turtles. let's go to tyler mathisen. >> we are here at investment company institute in washington their annual conference. $1 out of every $4 of americans financial assets are run by the individuals here today. the mutual fund etf complexes around the country. roughly one-third or more of americans 401(k) money is in mutual funds. big income nab runs vanguard and is chairman of the ici. great to have you here. >> great to see you again. >> nice to be here. i was looking at numbers. since 2007 through '14, index fund inflows $1 trillion. actively managed mutual funds outflows, $659 billion. have the index funds won? are you ready to declare victory? >> i think what you're seeing is two things. one, a triumph of low cost investing. i think that's a secular trend. it's a trend that will continue. is there an element of cyclicality in it?

they met at this store in a nintendo tournament last year. that have sals where they got engaged -- also where they got engaged. as you expect the wedding celebration included a video game tournament. imagine what their kids' names will be. something from the game. you know it. alison: all right. still to come on "abc7 news at 5:00" -- the foods or even supplements to take now to ensure that the summer heat and humid doesn't get the best of your hair. leon: "7 on your side" fights back in the search for a hit-and-run driver that will forever change the mother's life. >> a cemetery entombed by fallen stones and weeds. why a woman speaks out on narrator: puerto rico's healthcare system is on life support, putting three and a half million puerto ricans at risk. it's an outrage. puerto ricans are us citizens and pay the same medicare taxes, but receive only half the federal healthcare funding as the other 50 states. the headlines tell the story... woman: "unfairreatment from washington." man: "thousands without medications." woman: "it's a crisis

nintendo is delaying the introduction of a new console focused on emerging markets.aming giant hopes to offer more smartphone titles. the games could come out as soon as this year. tesla has already taken orders worth $800 million in potential revenue for its new storage battery for homes and business which were announced last week according to figures compiled by bloomberg business. that's nearly as much as the company took in from car sales in the entire first quarter of this year. toshiba has withdrawn its earnings forecast for last year and will naught pay a year-end dividend after it found improper accounting on infrastructure subjects. toshiba is setting up a third-party committee to further investigate the matter. now, i'd like to turn back to my interview with the first female director of the u.s. patent and trademark office michelle lee. after spending nine years in the tech industry serving as deputy general counsel of google, lee focused her efforts on improving the patent system. now the u.s. p.t.o. is working to encourage more women to enter the stem fie

and the japanese videogame maker is reporting annual profits due to the weak yen, that is for nintendoesting $100 million in banjos. this is in analysts -- analyzing data in real-time, and it is the largest investment in u.s. tech startup. our valuations detached from reality? that is what jonathan gardner is saying, the bank has been bullish on china in making its first downgrade to the msci index for the first time in seven years. china is no longer going to outperform other markets, and we would like to recommend taking some profits, so for more on profits leland miller joins us leland, thank you for being here. leland: thank you so much. alix: what you think the outlook is? leland: they are pretending there are numbers going into this growth and that is -- that it is affecting the market but you can do high-level margin trading, so this thing keeps's -- keeps going up, so the idea that valuations are high may not have any effect on this. alix: so there is nowhere else that you can put your money. leland: that's right, all the money was flowing into property, and then property did n

it is hard to see what is going to be happening with the banks and with a nintendo collateral consequencestors -- unprecedented collateral consequences. the regulators will want to continue operating business as usual and tired the deals. thanks probably are probably not going to have disruptions in their businesses. that calls into question, what is the point of going down this road and how much can you change behavior? if it is just a as usual at the end of the day. stephanie: we spoke to traders and thinkers and some of these institutions and they would say i'm guessing, sure, there were individual guys and you could find their instant messaging chats and there was wrongdoing there was foul play, so why has department of justice decided to go after the banks and not the individuals? in this case, you can actually find those specific in dual -- individuals doing this? jkeri: that's a great question. we need to find out what individual charges will be. are people going to jail? we are expecting people to get charged on fx and quite frankly i think there has to be charges to make sense of

they've actually shown some positive effects with something like nintendo wii with traumatic brain injuriesl be following it. we don't know a lot. and research is continuing. >> when you finish mixing that, can you hand it down here? >> yes. >> taking questions all morning on twitter. >> exactly. >> thank you. >> you bet. >>> now, on the "gma investigates," just as wedding season really gets going, for brides the right dress is one of the most important parts of the big day and mara schiavocampo is back as a word of warning about dresses that turn out to be disasters. what's this about, mara. >> reporter: a lot of brides finding their big day is ruined with 9 average cost of a gown more than $1300 a growing number of brides are seeking a bargain online but what they're finding is that looks can be deceiving and sometimes you get what you pay for. ♪ it's what nearly every woman hopes will be her dream day, not a nightmare. >> i was crying, i was hysterical. >> reporter: to save money and time in planning her wedding new mom sara weber ordered her dress online. here's what she wanted. a beaut

alexander: yo estaba jugando al nintendo y se acerca a decirme que algo. >> asegura que si es niÑa no grandes espocas. maÑana se estrena la 4 estrega de la zaga del guerrero de el camino. yo no puedo esperar mÁs. hay números 1 hogar.erdad importan en nuestras vidas. 2 hermanos. 1 esposo. y si tienes diabetes tipo 2, hay otro número importante. el a1c. y ahora lo podrías controlar con la ayuda de invokana®, el más recetado en la nueva clase de medicamentos que funciona en los riñones para reducir el a1c. invokana® es una pastilla que se toma una vez al día y que se combina con dieta y ejercicio para reducir el azúcar en la sangre en adultos con diabetes tipo 2. el a1c no es el número que revisas todos los días en casa, el a1c es el número que tu médico revisa con un examen de sangre que representa el promedio de azúcar en la sangre en un periodo de 2 a 3 meses. así funciona invokana®: los riñones absorben nuevamente el azúcar en el cuerpo. invokana® reduce el azúcar que vuelve y elimina un poco a través del proceso de la orina. no es para perder peso pero puede ayudar a perder peso. in

you know, the kids want the nintendo plushes and then the core gamers want the statues and things thatre expenseive expensive. >> fair enough. >> we really appreciate your time, rob. thanks so much. >> thank you. >>> coming up this morning, key data and we'll get the first quarter revisions for gdp. that's coming at 8:30 eastern time. of course, a number of people who are watching because forecasters say the economy actually contracted by about 1% that initial read as you remember, was just up slightly. 0.2%. we'll get the numbers and the instant reaction. >>> plus we want to know what stories you'rer're buzzing about today. tweet it to us. squawkcnbc and use the #keepsquawking. or post it on our facebook page. we'll read them all and share the best of the bunch. do your dance, again, buddy. when you're not confident you have complete visibility into your business, it can quickly become the only thing you think about. that's where at&t can help. with innovative solutions that connect machines and people... to keep your internet of things in-sync, in real-time. leaving you free to focus