sony, nintendo and microsoft can tap a huge market, but they have to make them in china. the ban started in 2000. chinese officials worried about violent content and potential for moral decay. facebook says it cares about your privacy, but its ceo doesn't talk about it much. a college professor put more than 150 speeches and appearances by mark zuckerberg by a cloud. what did he say the most? people and things. the great liquid gold mystery. velveeta cheese disappearing from store shelves. kraft says it is not sure there is a shortage, but just in time for your super bowl party. >>> are you in the market for a home loan? mortgage rates held steady. the fixed dipped to 4.51%. the 15-year fixed dipped to 3.56%. rates have been on the rise since sum irrelevamersummer. i wouldn't want you to look at the chart. interest rates above 4%. you will see these rise into this year. this perspective is so important when you talk about mortgage rates. here we are right now. imagine the old days of the '80s. you do not miss the mortgage rates we paid in the '80s. we had a uptick in rates

sony, nintendo and microsoft can now tap a huge new market, but they'll have to make them in china. n started in 2000. chinese officials worried about violent content and the potential for moral decay. facebook cares about your privacy but its ceo doesn't talk about it much. a college prfr put more than 150 speeches and appearances by mark zuckerberg through a word cloud. the words privacy and private uttered only 68 times in public since 2009, what did he say the most? people and's think. the great liquid gold mystery. velveeta cheese disappearing from some store shelves. kraft is not sure why there's a shortage, but it's just in time for your super bowl party. it you're sharing online, once in a while you might feel a momentary tinge's regret. even the president of the united states with a recent selfie that doesn't seem too amusing to the first lady. connecting online and sharing in a way we never could have imagined even ten years ago. in this week's "what would you pay" mouch money would you pay to get that embarrassen tweet or photo from facebook removed from the web forever? >

nintendo is losing the console battle. badlyrdware is being so crushed by the new sony playstation 4 and microsoft xbox and nintendo is whenowed. forecasting a surprise loss. shares are set for a tumble here in the asia-pacific, in japan. john is here to explain what went wrong for nintendo. bidse sales outnumber the 821. -- eight to one. a delay so far. we will see what happens. a delay so far. we will see what happens. the surprise loss of ¥25 billion, $40 million. ofy are predicting a profit ¥55 billion, so a dramatic change of direction. migration to smartphones, playstation 4, xbox, competing dramatically for their space. sales -- they are less than forecast. they have cut their forecast of forecast to a third of what it was planned to be. the game sales of software -- another massive blow. nintendo's wiif u is 4.3 million in 15 months. xbox sold 3 million in three months. >> it looks like microsoft and sony blowing nintendo out of the water when it comes to hardware consoles. what does nintendo do? how does it shift its strategy? >> software, it would seem. the man in charge does not want to give up yet. they think t

and revenue from cloud subscription. cultureministry of drafting a new role on videogame consoles. week, earlier this potentially opening the $10 billion market to sony, microsoft, and nintendot in place to china's youth from perceived bad influence. >> jobs report, john herrmann jobs report.on the it has become in every much idea for "surveillance." we speak to an executive who iss jobs, jeffrey joerres ceo of manpower, he knows $11 an hour is different from eight dollars an hour. he knows of the shortage of skilled i.t. employees. wonderful to speak to you. >> great to be here. americantimism in the labor economy, what are you seeing at manpower, give us the nuance of the better job economy? that there no doubt is building momentum, we have been going through soft patches, up and down. we are seeing a bit more confidence from our client base, particularly on the manufacturing side. as well as the service side. and we look at the labor report coming out, as well as the next two or three, these are some of the most important labor reports that will occur in the last 18 months to two years. this should show a different slope, that is what we are feeling. >> is there a shortag

it will allow them to be made in a new shanghai free-trade zone and could open the door for sony, microsoft and nintendooles in 2000 to protect the young from the perceived corrupting influence of video games. the intel ceo took the stage at ces in las vegas with a big announcement. first dual system with both windows and android. i'm showing you it on windows right now and will simply push and itton ,demo fear, switches to android. that quick. >> that is pretty cool. gatheringy withes in vegas. they are showing off all of their goodies. erlichman is taking it all in. withave been experimenting all sorts of gizmos. the event officially kicks off today. already, there is a lot going on. what have you liked the most? you need stereo equipment, i'm your guy. you walk these football fields of floors and you feel your in an electronics shop. there is like 20,000 products here. everyone is trying to pitch you. there are different storylines. there is whayou might encounter as you walk into each of these booths and there is the top line corporate stories. many people were talking yesterday about the future of

. >>> game on for nintendo, microsoft and sony. the 14-year-old ban on the sale of foreign gaming consoles in china is being temporarily lifted. the chinese government said foreign investors will be able to manufacture game consoles and sell them after the product has been inspected. julie woods joins us now, again, from singapore with more. julia, how much of a boost is this going to be? and how in practice are the console manufacturers going to get their products into the mainland? >> this ban was put in place to address concerns about the online gaming addictions. pc gaming and online gaming in china are huge. according to a major industry body, the total number of video game users in china is 490 million. that's more than a third of the population there. video game revenues, meantime, were up 38% in 20 11 hitting a $14 billion mark. interestingly, though, game consoles accounted for a minuscule $15 million of that total. now, while these numbers make it sound as though there's plenty of room for growth, analysts are skeptical a

it's looking to replace the former chief executive, who joined microsoft. >> and nintendo revises for to a net loss of $240 million, cutting its projections for the wiiu console and saying year-end sales were far below expectations. >> share sales under pressure today. europe's biggest oil company says the profit will come in significantly lower. we're going to discuss the surprise warning with an energy analyst. >> good morning. welcome bask you're watching "the pulse" live from bloomberg's european headquarters here in london. quick look at the cable rate. why are we looking at the british pound versus the u.s. dollar? earlier we saw much stronger than anticipated retail sales numbers for the month of december. in fact, the best we've seen since records began. but that only takes us back to 1996. nevertheless, significantly above the analyst expectations. the market was expecting something about .3%. who did well? well, the big department stores did well. we already knew that. small stores did very well. the bit in the middle got squeezed, tesco, etc. >> now let's get back to our bi

nintendo says it is considering a new business model after weak demand for the wii u cost it. company is struggling as competition from sony and microsoftand as players switch to mobile devices. ingles and hong kong. >> david was just talking about hong kong -- nintendo. its shares have just been hit. much lower. >> a sharp drop for nintendo shares today. closeere down 10% at the of the morning session, 11% almost at the start of this day. move for nintendo. david told you the reasons why. analysts are recommending they get out of the hardware business given the disappointing sales numbers for the wii. its suppliers also been impacted here. down 6%, theden biggest intraday move for that stock since august 2012. mitsumi electric, down almost 4%. these are japan-based companies. nintendo hits across the asia- pacific. you will want to keep a close watch on these tech shares. the nikkei 225 is down 6/10 of in part.e of nintendo, we will keep watching that stuff. coming up next, china's leaders have dodged a slowdown in their first year in office. we will take a closer look at the latest growth numbers when "on the move" returns. ♪ tallest

to,hris, what i want to get do you think nintendo has been hit harder as people have migrated to tablets as well as smartphones? hit harder than microsoft? >> andy have been hit a bit harder. it is still the best-selling console in the u.s. it suggests people are willing to go to a nintendo format. they have been hit harder. they love the people who bought ii, then have got tablets with an option. there are games coming out of the tablets which is nintendo quality. >> we started with mario and zelda. can we finish with those two? is there more they can do to leverage those characters? >> absolutely. ways to goany, many beyond video games. to look to connect the smart phone market with their brand. game on the market at a game and would connect to your console. the two are connected quite well. they can do that. zelda as a brand has not been utilized at all. announced that there will be a new zelda game which is not materialized, it was the biggest thing that came out of the show. there's still room for those brands. >> chris stead joining us. thank you. what we have coming up next. topping the list when it comes to the unaffordable housing inde

and microsoft's xbox 1. but it wasn't the same story for nintendo.hey are slashing their sales estimates for the wii-u citing a lack of holiday demand. slashing by two-thirds. absolutely just like bang. >> what i always talk to nintendo about is are you guys sure you want this proprietary kind of model of it's your device and your games on it and you don't want to put games on smartphones and tablets because a lot of the world is moving that way. they insist that that's the right model for them. but with a report like this, you've got to wonder if they need to shift their definition of their company. maybe end to end doesn't work anymore after awhile. we have seen so many other business models be disrupted this way. maybe nintendo needs to take a step back and think about it. >> thank you very much. appreciate it. >>> be sure to catch "mad money" tonight because jim will be speaking with the ceo of video game maker take 2 interactive. that's "mad money" 6:00 eastern right here on cnbc. >>> still ahead, the nerds and jocks are colliding. a double dose

nintendo's also forecasting that it'll lose money, for the fiscal year ending in march.the next generation wii-u introduced, almost two years ago never caught on while its competitors, microsoft and sony have been gaining market share. earnings this week - ibm, which is in a spending mood.first it announced it will move its watson computer system to new york city as part of billion dollar new business unit.it also says it'll spend a billion more this year to build as many as 15 huge data centers. the news helped propel the stock higher ahead of today's earnings report. it last closed at 189 dollars. and even more earnings: two major u-s companies had slow and steady results in the fourth quarter.morgan stanley's earnings hit 50-cents a share compared to analysts' expectations of 45 cents, based on a jump in brokerage earnings.but profits were hit by legal fees. meanwhile general electric's earnings came in right on line with estimates at 53-cents a share. g-e says rising sales in emerging markets and stronger global sales kept its profits growing at a steady pace. u-p-s put out a profit warning - blaming high demand? isn't that a good thing? not in this case. a spike in christmas

sony's new ps-4 and microsoft's xbox 1 drove console sales up over 50% in december with xbox 1 leading annual hardware sales. despite nintendo projecting an annual loss on weaker than expected holiday sales, the nintendo hand-held device was the top-selling game device of december. but all that money going into new consoles meant people didn't spend quite as much on games. game software sales fell 17% last month. still, activision walked away the big winner. its "call of duty ghosts" was the best-selling game for the month and the second best-selling game of the year. taking the year's top spot was "grand theft auto 5" which is on its way to become the biggest game in the "grand theft auto" franchise. these physical game sales are just about half of the total video game business. as people spend more on apps and digital content. tyler, back to you. >> thank you very much. >>> jim cramer, the "mad money" man, has take 2 interactive ceo on big show tonight at 6:00 and 11:00. he will be with jim tonight. >>> meanwhile, dominic chu has been doing some very specific digging on nintendo. what did you find there? >> interesting. re

microsoft, sony, nintendo to enter the country's $14 billion aiming market. no word on how long the ban will be lifted for. sony are teaming up. netflix will begin offering "house of cards" andgramming and high-definition format. with 4000n as 4-d pixels promising resolution four times that of existing tv. that is today's company news. one of the ways they're going to try to beat out the ipad. >> i've never seen a stock chart like netflix, the recovery after total crater like netflix is fascinating. blackberry tumbled more than 80% since their peak in 2008. its new integer hopes to survive by focusing on businesses, not the fickle consumers. our senior west coast respondent on blackberry ceo shift to enterprise and was saying, look -- >> a spirited discussion. >> he said they're going to bring back the physical keyboard. , we were talking about this earlier. this is when a brand has lost its way and trying to go back to its roots. is it too late? >> not if they execute and stay focused. the right strategy for most brands in trouble is to go back to their roots. find out what the authenticity is, where it came from. blackberry came from traders and goldman who are wearing it

nintendo having a rough time? >> they are having a tough time and that is people moving to all digital, buying games on their phones or going to more powerful consul's from sony and microsoftd that is putting software on other platforms beyond their own they need something because the latest council was a big flop and continues to make a lot of money. stuart: they need to write games that can be played on the x box or play station. >> or your iphone. stuart: they are not doing that now. >> the problem is even if they did do that they are not going to have as a huge profit margins as they have with their own hardware so it is a sticky point. i don't think they will reach the peak they hit with the we. stuart: when you remember nintendo. sandra: of course. i spent many hours playing nintendo. stuart: way back then in the early 1980s nintendo was worth more than ibm and a couple other big names combine to. they were worth i don't know how many billions. they had their glory days. you don't think they can never return. >> a few years ago they had a stretch with the wheat consul and i don't think they will head that he could and unless they make huge changes to their business m

nintendo slashing profits for the year warning it will now post an operating loss. they expect to sell fewer wii consoles in the face of new offerings from sony and microsoft. executives will face pay cuts. for more, we're joined from tokyo by our viewer chief there, kaori enjoji. kaori, did anybody see this coming? >> the writing has been on the wall in terms of the problems at nintendo for many, many years. for the last two years, they have posted operating loss. so this latest estimate means for the third year running, this is a company facing another operating loss. so for about two or three years, the company seems to have been going through an identity crisis, so to speak. but i think today's announcement moves one set beyond that. it's the crisis, period. when you're saying that your mainstay product, which is as you mentioned the wiiu, if they're now saying that sales are only going to be 2.8 million, that's 70% below their forecast. and the reason why i mentioned this in particular is because nintendo's business model is they don't make money on the game console. actually, they lose money on the game console. the whole beauty of nintendo was people