microsoft, they posted the largest ever lost after the nokia right down. we are seeing tumbling shares in extended trading. ibm is another company struggling for relevance as the market is shifting, trying to get into cloud computing. still troubled in their fundamental business. we saw shares fall from 5% in the regular session after they reported revenue declining for the 13th quarter. interesting to see how it plays out. angie: thanks for that, su keenan. checking other headlines for you this morning, japan is helping e offset a sales slowdown in hong kong as more chinese tourists head to japan to shop. they have only seven stores in the city. erry may try to lower its threat in hong kong in the face of rising costs. sales of swiss watches surged 23% in the u.k. in the first half of the year. also because of chinese tourists. they are being snapped up by tourists and mainland china who theover there to buy watches cheaper than in their home country. italy also reported improved sales, offsetting a decline in hong kong over the same period. china constru

a result of the nokia related cuts, we already had knowledge of this but just to redirect, the company saying the results of a $7.5 billion non-cash impairment charge related to assets related to the acquisition of nokia devices and services in addition to a restructuring charge as $780 million. that is roughly in line with the company talked about. they also said there is a charge of $650 million with the integration and restructuring plan. it is excluding all of that, and you get that $.62 earnings per share. other headlines coming out, honored revenue, $25.32 billion. a little bit worse than estimated. and the u.s. market share, 20. 3%. bing.ny people use joe: i do not know how the number is real. is it a distribution thing? browsermetimes my sometimes defaults to bing. you are also taking into yahoo! numbers. missing estimates. analysts were not looking for a lot of fireworks for this yahoo! quarter, but we have to look to the downside here. earnings coming in three cents below what analysts had been anticipating. , traffic acquisition, 1.4 billion dollars. but it is a little bit b

they have agreed to purchase nokia and april.t was the ability to compete with technology and eric sends competitive business. between those asian players, a big market in china that is being fought over, as well as security concerns. they can dictate winners and losers. with what we have seen with the cfo of all caps lucent, he will be joining us in about 45 minutes. stay tuned for that conversation. we have numbers from lufthansa, group profits have come in at 950 4 million euros, that is what they describe as a group result. that was against a loss of 79 million euros. in terms of forecast, concerning the forecast, they are talking and more details. they say second-quarter passenger margins were a percent. sales in the first half were 15.4 billion against the previous first half where we saw sales of 14.2 billion. sales are up, it seems the group results as they describe it were considerably higher than the last time around. adjusted earnings reports that is considerably higher than the previous time. we will be talking here o

what nokia has to do with the move.t's coming up straight after this break. >> as we speak steve is just sitting down with john mcfarland and they'll be discussing the ousting of ceo antony jenkins. do stay tuned for that. microsoft plans to announce a new major round of lay offs as early as today. they're in addition to the 18,000 employees that microsoft said it planned to let go of last year. the cuts are expected to effect people in the company's hardware business and smartphone business acquired in 2013 and since the deal is announced microsoft is up 33%. it's lagging behind the likes of apple and google in terms of their operating system. it can't seem to catch up with the two giants. >> it's a battle of old tech versus new tech. companies are expanding to keep up with the type of growth that they're seeing in social media and advertising. on the other side of the fence you have older tech names like microsoft trying to turn around and reinvent their growth strategy to keep one the competition in the marketplace.

joe: but sweden did not have the nokia collapse or anything like that.uldn't that extreme the main difference? lars: it could. but you look across the region. norway, iceland. the euro members are free floaters in the nordic region. i think there is quite a clear picture emerging. the euro members have been suffering because they have not been able to provide additional monetary stimulus for those economies in the nordic region. mentioned theou tigers. should denmark remove their pegged t to the euro? lars: i think we need to have in our country much more serious conversation about whether peg fulfills the objective a used to. i would lean toward being better off going with sweden or norway. alix: thank you for joining us. lars: thank you. joe: meanwhile, amazon. is soaring in after-hours trading. estimates coming in at $.19 per share, a loss of $.14 per share was expected by analysts. on spain'sve a chart unemployment. you do not want to miss that. coming up next. ♪ alix: i am alix steel. joe: and i am joe weisenthal. "what'd you miss?" chart.ut this sp

but this nokia deal was a gift.t was a gift to nokia. >> the write down of 7.6 is a little more than they paid which was $7.2. >> that's hard to do. it's hard to have a write down that exceeds what you paid for the business. >> he could have bought the river in finland that nokia is named after and done better. >> still an important story eurozone leaders now setting a sunday deadline for the country to reach a bailout agreement with creditors. we are in brussels with the latest. good morning. >> reporter: well we may have just taken a step back from the edge. hard to tell at this stage but the greeks have put forward a letter asking for financial support from the esm. this is the european stability mechanism. basically it's an emergency bailout fund. finance ministers now from the eurozone will have to consider if they're prepared to grant the extra funds. at the same time the greek government has said they're extending capital controls through friday ahead of that sunday summit. not everybody thinks the greeks sho

the company bought nokia two years ago and struggling to make it work. they cut 18,000 jobs last year related to the nokia acquisition. >>> a technical glitch halted trading and rattled investors. future are pointing to a higher open. >>> nfl will play two games in london, the stadium is set to be finished by 2018. the facility was built with the nfl in mine, there will be dedicated locker rooms and artificial field for the soccer matches. >>> we'll be watching the opening bell to see how trading commences after the glitch. >> looks like we might get recovery at the opening. thank you maribel. >>> david we have rain out there. >> reporter: yeah, storm tracker 6 live is showing new jersey and delaware are dry. but we have storms barreling in from the west. some of them are producing yellows and slight shades of orange that's fairly steady rain. it doesn't last that long, and there's more lighter precipitation to the west. looks like media will get the first of the rain drops. in philadelphia perhaps in another 15 or 20 minutes. i want to leave you with th

. -- on nokia. ♪ emily: it is time for the daily byte. 2.s the number of minutes it took chinese consumers to buy out a new huawai smartphone. the next chance will be next week when they hold another flash sale. more cups coming to microsoft. the tech giant planning to eliminate 7800 jobs this year after the company said it would lay off 18,000 employees. microsoft taking a $7.6 billion write-down on its nokia handset unit 14 months after the finnish company was acquired. how do that changes fit into the ceos restructuring plan. we are joined by skype from seattle. microsoft partners, and he has met with the ceo himself. also, brett taylor, ceo of quip. your company competes with microsoft. what is medela doing he doing here? >> i also thought the acquisition was weird. the microsoft legacy was about making software. buying a hardware maker was an awkward market position to be in. they were an apple, android. i don't think it fit into the new ceos vision. a lot of us on the outside expected this to come. the biggest shock was white event the

we break down how the nokia write-down impacted revenue. plus in earnings dropped the most in almost nine years. ♪ emily: welcome back. we have been covering earnings out of apple. selling 47.5 million iphones in the last quarter, slightly less than the 48.8 million estimated. apple forecasting 49 to $50 billion in the coming year. we are continuing to monitor apple and we will be listening into the call momentarily. i want to turn out to microsoft and the company reported disappointing earnings for the fourth quarter of its 2015 fiscal year. the $7.6 billion right down for a nokia purchase preventing a profit. the write down pushing them into $2.1 billion in losses. joining me now from san francisco, the meaning to director at ubs and arc into reading editor -- our contributing editor. these microsoft earnings numbers do not let particularly great. we did not expect a lot, with the restructuring of the business. >> the commercial cloud business has been the key measure we have been following for quite some time. i was not seeing anything a

. >>> only a year after acquiring phone joint giant nokia microsoft will write down the value of its floak yah deal by $7.6 billion. microsoft had hoped the acquisition would make its windows mobile system more lucrative but it will make up only 3.2% of the global market this year. jan dawson thinks this spells the beginning of the end of nokia. >> it came to it very late at least in its second iteration. microsoft 15 years ago windows mobile lasted for a good ten years but he even if it was successful at first and competed with blackberry, once the smartphone came along changed what people expected from a smartphone, in the meantime the market really ran away from it and android and apple's ios took over the market and redefined what it meant and by the time microsoft introduced windows phone, it was too late to get developers creating apps for the platform and they've been struggling to catch up ever since. >> pope francis is arrived at the bolivian country of santa cruz. he played a four-hour stop at owner la paz. virginia lopez has more. >> more than 30 languages are spoken but d

it was related to the purges of nokia.r alexis tsipras will return to parliament today. lawmakers are set to vote on a second package of measures demanded by the country's creditors as a condition for age of talks. ecb officials will also discuss the emergency liquidity aid that keeps greece's financial system alive. ryan: let's get more on what we can expect the ecb from pollock gordon -- paul gordon. paul: you can imagine as policymakers pick up the phone, they will be thinking when will this end? right now the decision is whether they will have more assistance. the greek central-bank acts -- asked but then recalibrated. they expect to get a bit more today. we wait to see when a call comes through. as the other issue, what happens next? bloomberg survey published today the just over 50% of economists exceeded the ecb will ease back on the collateral haircuts which were heightened as political talks broke down. they will reintroduce the waiver by the end of the year that is a swift process. for that, you up to see progres

when we come back, the $7.5 billion lesson microsoft learned from nokia. us with that. we're back in just a moment. dent's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop and durable new stellar notebooks, so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get you the right gear. office depot officemax. gear up for school. gear up for great. to folks out there whose diabetic nerve pain... shoots and burns its way into your day, i hear you. to everyone with this pain that makes ordinary tasks extraordinarily painful, i hear you. make sure your doctor hears you too! i hear you because i was there when my dad suffered with diabetic nerve pain. if you have diabetes and burning, shooting pain in your feet or hands, don't suffer in silence! step on up and ask your doctor about diabetic nerve pain. tell 'em cedric sent you. a new season brings a new look. a chance to

microsoft took a $7.5 billion charge related to nokia.falling 4% in after hours trade at 45.40. from new york is the managing director of software research at fwrif finn securities. what's your verdict on microsoft. >> the quarter turned out as well as expected. three were in line or lighter but the businesses that did better are the ones we think are obviously more porn. the consumer cloud business and corporate cloud business. they are upside in the xbox business but for the long-term it's less interesting to us than the cloud business which was almost 200 million more than we thought. so on the whole when you look at the set up for fiscal 1 we think the important long-term me tricks are moving in the right direction. >> but the problem with the consumer business where it has done better is margins are lower than on the business side of things. are you not worried about that? >> no the margins improved on the cloud business. they have been growing the revenues significantly to a billion 8 now in cloud business. that's office 365. that's

they went down the nokia rout. that was led by the past management taechleam. the new team realized that wasn't the right course to take. they had the big write down and they're still going to be in mobile but they're going to think about it in software hard rather than hardware. when you look at the envenn tory out there, it's the right move. >> brent, one quick question. when they launch windows 10 this time next week i think a lot of people who already have windows are going to be able to upgrade for that. that's a major move for the first time for them to allow for that to happen. what are the add ones they're going to try to sell with it and how successful do you think they'll be in that strategy? >> they're going to tie search closer and more instore applications. the os is going to shrink over time. the importance is the applications and the infrastructure that runs. you don't look at your iphone and go i love my ios. i think microsoft is diversifying away from windows. it's important but not as much going forward. it's 15% of revenue. it was 30%. it wil

it bought nokia a couple of years ago for more than $7 billion and most of those employees are beinglayoffs. microsoft is taking a charge of $7.5 billion which is more than what it paid for nokia in the first place. >>> looking at a sell-off on wall street today with continuing fears over china. its stock exchange plunged again losing a third of the value in the past month despite moves by beijing to stimulate trading. markets are fearful of what could happen in china. much more so than in greece right now. let's take a look at the big board and see how we're doing. dow down nearly 150. nasdaq down over 40. s&p down 16. back to you. >> jason, when microsoft does something like buying nokia for around $8 billion, and then a few years later they go nevermind we are going to lay you off it will cost just as much to buy the company, are there executives at microsoft that say that's a stupid idea? >> microsoft is reshuffling its management in recent months so we could see that this deal was not very popular. the new ceo transitioning the company more to the cloud and clearly it's making t

you may recall microsoft bought nokia for about $7 billion in order to better compete with apple and the google android system. google bought motorola. google then laid off a bunch of motorola employees and we think the new layoff from microsoft will be former nokia employees. phone guys never caught on, it's our understanding there's still going to be a windows phone, but it will be created by far fewer work workers, that's for sure. >> happening today, a crucial e-cigarette bill will be debated at the state capital. right now, e-cigarettes are allowed at most california schools, restaurants, and hospitals, but lawmakers are pushing for stricter regulations. a new law could classify e-cigarettes the same as tobacco products. that would mean they would fall under california's existing tobacco-free laws. they show they're growing in popularity among younger people. >> education is launching a bold new effort to streamline what has been described as a tangled process of transferring from a community college. if you have transferred from an in-skate community college, you probably know

nokia close to a deal with a group of german automakers. reporting an agreement, reached as early as next week. daimler would be the buyer. nokia has sought as much as $4 billion for the maps business. verizon reporting second-quarter revenue that fell short of analysts telecast. 32 $.2 billion, two hundred million dollars short of estimates. earnings per share came in three cents better than forecast. the company directing -- expecting revenue growth of at least 3%. apple releases earnings after the bell. investors will have to dig revert to find out how many apple watches were sold. watch sales will be included in the other product category. those are your top stories at this hour. the s&p 500 hit another all-time high closing at 2128. if you look at the past six years, the s&p posted record highs in 53% of those years. what that means for your investment strategy, mike regan joins me to discuss. is my take away here that a market top is not a sales? a record is not a sales signal. that is the problem, you hit a new record high and you th

nokia is asking for $4 billion for the unit.ry state, donald trump should quit the race, according to a paper. "the des moines register" calls him a feckless blowhard. they said the degrading of john mccain's record was the last straw. erik: speaking of the donald we have a trump expert in the house. he is tim o'brien. tim wrote one of the early books on trump "trump nation." tim wrote a column today that you can read online at bloomberg.com. i quite love the title and i encourage everybody to read it. stephanie: what to the trump is up with this? tell us. explain. >> the book looked at his business life and track record. the thing that stuck with him was the assessment of how wealthy he was. he claims how wealthy he is. he is a comfortably rich guy. but he likes being a mega-billionaire. stephanie: is he a mega-billionaire? i would like to be a supermodel, too, but i am not one. >> i think there is always a healthy dose of skepticism needed when interacting with the donald. his valuations have been all over the map. the book ca

nokia is looking good and terms of profitability.y say they have higher-margin software contributed to their sales. the higher margins coming from those more lucrative deals. 11.5%? much more than the likes of morgan stanley had expected. phenomenal growth even quadrupling from the previous quarter. more profitable as their business improves. on the downside reynolds -- renault down 5.5%. deliveries are eking up 0.7% growth for deliveries in the first half of the year. a little bit of nervousness about those deliveries sense those shares down. and the booze is not really cruising today. ab inveb down by 4.28%. in the knotted states worse than has -- in the united states , worse than has been expected. 4.6% growth. the market wants to see -- at 8%. -- the market once to see double that at a percent. jon: i want to take it back to the fx market very quickly the check-in on the euro against the swedish krona. this is up weaker euro and a stronger swedish krona. quarter on quarter, 1%. this is the preliminary reading. this is a big beat.

the chief executive will write off 7.6 alien dollars from the nokia handset unit. restructuring charge of up to $850 million. cory johnson is in san francisco with more. explain how this works. they've bought the company for 9.5 billion. 1.6 billion in cash as i recall. basically they are saying we screwed up. move.oft took a very bold the site and while everyone else was having trouble making any kind of money in the phone business, they felt apple has done hardware and software together, they would have success. indeed, it alluded pretty much every company in the handset business. i will throw samsung on there right now. having a lot of trouble as well. principally because the business is not very profitable. microsoft take a that. there have been so many calls from shareholders to put the cash to use. they put it to use. basically admitting it was a complete and total failure. is anyone else ever going to get a foothold in the handheld business fiasco even if you come up with a great product, it does not matter in the face of companies with an iphone. >> a very

emily: and they are also looking at buying the nokia mapping business.hat do you see as sort of the big picture challenges? >> we are venture capitalists. we invest in the early stages of a company's life. that being said, we think less than half of china of us is population is on the internet. it is a massive opportunity, and quarter to quarter, there were expectations, but on a long-term aces, i think baidu has a tremendous opportunity -- but on a long-term aces, i think they have a tremendous opportunity. emily: i want to talk at another story we are watching, launching a $5 billion fund to buy companies. this is not the first time considering cross-border deals, like philips lighting $2.8 billion. this comes as chinese markets are hit i the steepest -- are hit by the steepest in years. jeff, i want to start with you again on this. what is the against of -- what is the significance of gsr? jeff: i cannot talk about their strategies, but it is still the most attractive long-term opportunity so far, so what you see is an influx of capital, a lot of inte

nokia beat expectations. the finnish join the which is in the process of buying alcatel-lucent is well positioned to deliver on full-year targets. alcatel-lucent says it's ceo will step down ahead of the deal with nokia. let's have a quick look at telefonica. the company has raised its revenue forecast on the back of recent deals in brazil and spain. the telecom group posting a 7% rise in core profit. take a lock at shares in bt. they're off 2.57%. shares are trading lower. katherine, why? >> carolyn, i think what has surprised the market here is there's a slightly softer than expected revenues. it's surprising they're off quite so much. the company did give a bit of a positive surprise on profits. as you said re-affirmed its overall forecast. along with that slight softness in the numbers and there's potentially maybe some concerns over the longer term over these shares which have had a great run. let's not forget they're up athe levels not seen since 2001. there's slight concerns bt may be forced to sell of

. >> nokia is heading into virtual reality with the release of a new camera. this is the first consumer product released by the firm since microsoft bautd the devices business two years ago. with the head set face filling up nokia is looking to tap into the creation side and they will film the content in real time. >>> amazon wants one day to deliver orders to your doorstep by drone. it wants to designate special air space for those devices. at a nasa convention the company unveiled a plan for drone zones preserving space between 200 and 400 feet off the ground for state of the art high speed drones to keep things safe amazon is proposing a 100 foot cushion just above that. they made a no fly zone as a buffer between drones and other aircrafts. do you think they told the birds about it? >> no not quite. >> aircraft. we have to take a quick break. coming up meet the best boss in the world. all the details on the ceo who shared $27 million with his staff after selling his business. did they turn up for work on the following monday? join us after the break. we're

they did have a huge write-down of nokia which something they had to. david: 7 billion-dollar write-down. >> come to terms with. there hardly inknow vator that apple is but, you know, they really need to find their way. they're still a behemoth that is trudging along. david: well, jonathan is a tough critic. fade away might be a little much. we'll move on to yahoo! now. melissa: i want to show you yahoo! because the stock is getting hit pretty hard of a hours. revenue of 400 million. the street was looking for 1.03 billion. very tough quarter for them. jonathan, they introduced that metric earlier in the quarter where they were talking about the mavens mobile video, native and social, they're mavens. like a new metric they made up to do, look over here at this shiny thing so you're not looking at all the other stuff. i don't know if it is working for them? >> well, melissa, this is a stock for a long time valued its core business at nothing. the majority of the market capping made up of it stake in alibaba. now with the chinese markets getting hit you'r

the company says it will cut 7800 jobs because of the purchase of nokia phones.e was a mistake. >>> rita's ice is dropping can you custard because of egg shortage due to bird flu. >>> taco bell is delivering. >> you don't even have to get off your coach to get a burr -- burrito delivered. they have a few glitches to work out. >> i'm willing to work with that. >> up next in the morning buzz, pop singer, areanna grande is under investigation for licking donuts and making antiamerican remarks. >> kidnapping a banker and his family that's coming up next. ♪ ♪ it may seem strange, but people really can love their laxative. especially when it's miralax. it hydrates, eases and softens to unblock your system naturally so you have peace of mind from start to finish. love your laxative. miralax. when you fall in love, everything is brighter, bolder more intense revlon ultra hd™ lipstick while traditional lipstick is wax-based, our unique gel formula delivers lightweight, high-definition color in one smooth swipe. revlon. love is on. come to sesame place before little kids b

last year, microsoft purchases nokia's phone business for more than $billion 3. this will mean a 7.6 billion writedown for microsoft. >>> a major new housing project at the former alameda naval station has been given the go ahead. the city council approved the $500 million project on a unanimous vote last night. as many as 800 units of housing along with 600,000 square feet of commercial space and parks are planned to go on the 68- acre site on alameda point. construction is set to start about a year from now. >>> ac transit passengers could be riding on new double-decker buses. today the agency is set to recommend buying those two new buses after a successful test run. the new vehicles have 80 seats compared to 32. passengers who tested them out say they also liked the view from the upper deck. >>> the investigation into that pier 14 shooting in san francisco is shining a spotlight on several city leaders. today on the 4, we're hearing from mayor ed lee now about the controversial over the shooting suspect's relief -- release despite an immigration hold. we're a

. >> a year after acquiring nokia, microsoft says it plans to cut 8,000 jobs mostly at the mobile phone division. they'll write down the value by 7.6 million. microsoft hoped the acquisition would make the system more competitive. a survey suggested that phone sales would make up 2 by 3% of the market. nigeria's dairy industry has the potential to be a major source of jobs and revenue. farmers say the government is not helping to develop the industry. they look now at the problems farmer's face in getting products on to shelves. >> cows are a major source of meet in nigeria. the meet is an untapped source. this is one of the dairy operations in the country. they have been working here for 10 years. he uses rudimentary methods to produce yoghurt because they don't have the money to provide proper equipment. the farm produces around 1,000 small bottles of yoghurt a day: >> there's a problem of having bad roads. it's a huge issue to get the products out of here. we need medicines and vaccines, they are expensive. we need help in that regard. and animal feeds, we need those two. >> reporter

--buy nokia's mapping business. what do you see as sort of the big picture challenges?> as you know, we are mark -- not markets, we are eventually venture capitalists. we invest in the early stages of a company's life. that being said, we think less than half of china of us is population is on the internet. it is a massive opportunity, and quarter to quarter, there were expectations, but on a long-term basis, i think they have a tremendous opportunity ahead of them. emily: in terms of margins, operating profit down to and a half percent from a year ago. we'll continue to look at those headlines. but i want to talk about another story we are watching in china and that is gsr ventures launching a $5 billion fund to buy gold -- global tech internet and biotech companies. this is not the first time considering cross-border deals, like philips lighting, $2.8 billion. today's announcement comes as chinese markets are hit by the steepest decline in eight years. the shanghai composite tumbling eight and a half percent at the close. why is this investment giant looking to tech t

most bought nokia last year for over $7 billion, part of a plan to expand into the smartphone business. last year microsoft cut 18,000 jobs. weak returns from its phone business forced the latest cutbacks. >>> after being shut down because of a series of listeria illnesses, blue bell ice cream will begin a trial production run of its ice cream. it will not be sold to consumers. it had a national recall. listeria was found at blue bell plants in texas and oklahoma but not in its alabama plant. >>> and good news if you are a "south park" fan. ♪ ♪ i'm going downtown i'm going have myself a time ♪ ♪ friendly faces everywhere ♪ >> those foul-mouthed kids will remain on comedy central through 2019. a three-year deal to keep the southeast going was announced yesterday. the team of trey parker and matt stone will continue to write, direct, and edit every episode. anne-marie. >> and if you're not a fan, you can always blame canada. jill wagner at the new york stock exchange. thanks a lot, jill. >>> well, actor tom selleck is accused of stealing water amid california's historic drought. a munici

and also two massive layoffs in the handset division they bought from nokia. microsoft hopes to turn around its performance with the launch of windows 10 later this month. although apple reported strong earnings, investors were disappointed that the iphone shipment numbers fell short of analyst estimates. this led stocks in japan to snap their six-day winning streak. our business reporter gives us more details from the tokyo stock exchange. >> the nikkei 225 has risen by more than 5% over the last six trading sessions. it was about time to lock in profits. that coincided with some negative headlines during the u.s. earnings season and this is what we have for today. the nikkei has fallen from its four-week high ending at 20,593. about 1.2% lower. the topixs was down for the first time and fell about 1.1%. many focused on apple. revenue from apple contributes to profits for its parts suppliers. so the iphone shipments that came in weaker than expected created cause for concern. manufacturing is one that took a hit. it tumbled about 4.6%. foster electric which m

cuts will be in the smartphone sector after microsoft lost market share due to its deal to take over nokiaworld soccer champions are getting a big honor this week. a ticker take parade in new york city on friday. their win is also highlighting a major issue for women in sport. fair pay, or the lack of it. >> reporter: their third world cup championship coming in the most watched soccer game in u.s. history. even president obama took notice. >> the next time i see the mets team i will have to remind them that you guys beat the men in viewer ship. [ cheers ] >> reporter: but for all of their talent, the women's soccer team will be paid less than the men, making $2 million in prize money for their win. the u.s. men's team made about $9 million after losing in the round of 16 last year. this team's win is putting pressure on fifa to level the pay scale. the goalie tweeted: and an online campaign is now gathering speed collecting significant yours asking for equal pay. >> being a woman does not mean you should take a pay cut. again, this is 2015, it's time for fifa to stop discriminating agains

nokia, motorola, palm. what makes you think you can change history?ohn: well, by not following the same play. we are trying to broaden ourselves way beyond just the device, just a phone. i don't sit there and think, i could make another really great phone and somehow everything will be well. emily: but you did vow to keep making phones. john: oh yes, of course. this is part our strategy of end-to-end mobile computing for the enterprise. i mean, you can say, i am so committed that even if i lost my shirt, i will do this. it does not make sense. but i think i could make money on the phone. and i hope that, by now, the industry realizes what i'm talking about. we have some really great phones coming out, very cool. but it is kind of our first point of entry, or one point of our big strategy of everything ecure. that is our big strategy. and so the phone is part of it. i mean, our phone is the most secure phone, because of the way we make it, and the software we have. both hardware and software. and so i would like to continue to do that, but if i can be

a beat all around the problem was, the company's quarter was mahred by a massive write down of its nokia ago we saying that happened just a new years ago, it was forecast to be a $6.7 billion writedown. when you peel away what the revenue story told us, itting looed weeker. some currency head winds, especially in its overseas business namely for japan. when you look at its licensing, there was an expectation that as p.c. shipments declined installs of windows and office would decline as well. they declined more than the pc shipments fell by. that's leading people to wonder what exactly is going on there. "nightly business report" new york. >> yahoo missed second quarter earnings estimates, those sales narrowly beat those forecasts. the internet media company's results were way down by higher spending to attract users to its websites in order to better compete with google and facebook and others. part of yahoo's strategy has been to invest for its mobil platform. shares of yahoo fell initially after the report as you see there. >> let's turn to david garrity now for more discussion about

. -- from nokia last year. microsoft phones and the window system are having trouble competing against apple's iphone and google's android system. shares in barclays gained more than 2% on wednesday as its chief executive got the sack. the board had concluded that new leadership was required. jenkins started as ceo in july 2012 after a ratemaking -- rate- rigging scandal forced out his predecessor. and youtube star has answered a barrage of criticism following news that he earned $7.4 million in 2015. he runs the most popular channel on youtube. he tested video games and he has had more than 4 billion views since starting a. he is 25 years old from sweden. he says that money doesn't make you happy, although he is happy to be able to pay the rent. pewdiepie: i don't know, i really think that money doesn't make you happy. i am as happy as i am now as i was five years ago. i'm very happy that i don't have to worry about paying rent, because i was a huge issue. when we came over to sweden we could barely afford it.

. >>> and microsoft posted a net loss of $3.2 billion after writing off the nokia phone business a yearo. the big writedown was expected after microsoft announced 7,800 layoffs. it sent stocks on wall street lower. the dow lost 181 points, the s&p finished down 9, the nasdaq slid 10. >>> shares of lifelock plunged after the federal trade commission said the identity theft protection company's misleading consumers. the ftc says the level of protection and time line warnings customers receive isn't what's promised. they say they made false claims in its ads. lifelock says it's prepared to defend itself in court. >>> if you're flying in and out of new york, this may affect you. employees at kennedy and laguardia plan to start striking tonight. baggage handlers, wheelchair attendants, and subcontracted security officers want more money. they want a pay raise as well as the right to org nice for union rep senn tangs. >>> and a new online shopping club is open for business. jet.com is specifically targeting the budget shopper as it takes on industry giant amazon. it guarantees lower prices. s

that's because of its purchase of nokia phone, a move the company admits was a mistake on top of the 18,000 jobs microsoft trimmed last year. >>> rita's a popular flavored ice company with 600 locations throughout the u.s. is dropping custard from its menu. oh no. why? well, the severe egg shortage caused by the bird flu epidemic. custard made with eggs. soft serve ice cream is not so rita's will offer that instead. not the sky rocketing price, it's that rita's says they can't get them. >>> good news if you're in need of nacho, taco bell delivering. new service available to more than 90 cities as part of their deal with the delivery company dore dash. the delivery service was successfully tested in several locations, though it does admit there might be a few glitches. >> you know how i feel about that. >>> when we come back rescue times three. a family pulled out to sea by a rip current, a selfie stick capturing this all. >>> say cheese. a shark posing in midair for the camera. ♪ hi! what happened to your hair? i got it. walgreens has all you need to keep it all under control. from a

rather than what a nokia or blackberry became when their stocks began to fall.olders. we don't waist ourwould certainly add new money if it came in to that client's portfolio right away. >> tim, thank you. apple's close to intraday highs. >>> like apple, it is just about as bad for microsoft today. that stock down today as investors seem aggravated by the company posting its largest loss ever. but your next guest maintains his buy rating and has a $54 12-month price target. that whopping $7 billion charge from the now ill-fated nokia deal doesn't seem to be scaring you off the company's stock. why not? >> well it is getting the bad news behind them as the company sheds a lot of the dead weight that was associated with the nokia acquisition, they can now really focus on the growth drivers in the business which really come down to the cloud services. >> okay. cloud is going to be the future of it microsoft, i assume going forward. how's cloud looking? >> the booking numbers were in constant terms were pretty impressive. 8% growth in commercial bookings compares ve

manus: nokia may has well have never happened. after you see this kind of quarterly numbers, is that the low point for microsoft? it is essentially about cloud. paul: it is. when you look at microsoft's numbers over the last several quarters there, the core enterprise business is facing headwinds. you think about some of the bright spots for microsoft, and for sap and amazon. macleod really stands out -- the cloud really stands out as an area for growth. that is despite the fact that the cloud storage business is facing tremendous pricing pressure as these big companies move for market share. they know this is a long-term growth story for them. amazon released last quarter some profitability figures for their cloud business and it showed quite profitable for them. caroline: what many never knew is that microsoft acquired the cloud -- or at least used to and that was an unheard-of realization, that microsoft is very dominant. i think it was amazon as well, supplying to the likes of apple. i think where many people are going with th

>> really three key issues one, the significant cost and the write-down of nokia.the core pc business is in declear as more and more people access the internet and content and data through phones and tablets, and the other near-term problem but long-term benefit is they are going to move from a one point in time recognition of revenue to the annual licensing model which overtime will be good but in the near term is the reason for this adjustment and the difference of going from gap to the proforma reporting basis. >> very unoriginal with my questions. i'll give you, ivan the same question that i asked andy. what would it take to change your neutral rating on microsoft to a buy? what have you got to here. >> strong growth in the azure, the cloud business because they are adding customers n.cloud they do have a lot of competition, one being from amazon and second being from google. >> all right. all about the device with apple. all about the cloud with microsoft. brendan, ivan, guys thank you both very much. appreciate it. >> thank you. >> up next tesla shares hittin