i think satya is a charismatic guy. people love working with satya.he board and steve and bill saw something very special in satya so that they named him ceo. and their job as a board is to do everything they can to help support satya, give him advice and counsel but allow him to do the job. and i think being off to a good start only helps satya's cause to have the board be supportive. david: let's talk about one of the leaders of one of the division that is will be important in this change and that is satya's hiring of nokia's chief steven elop to build the devices group. >> that's right. david: talk about the significance of that move? >> i think it is hugely important. steven is belle known to microsoft. he ran the office group for number about years. so he has good relationships with folks at microsoft and the devices component is a dekey part of the microsoft strategy going forward and having a good relationship with steven is super important. liz: nadella is a engineer's engineer as bill george mentioned. this remind me something happening at si

i have a man crush on satya nadella. i think the guy is smart. i think he brings almost jeff bezos, belies me not liking amazon so much, almost a jeff bezos energy to the company. i love the decision of office being moved on to the independednt pad. i think that will spur a lot of extra interest in that company. liz: bob, you want to hear this? listen to this, bob? q3 surface revenue, the tablet everybody dumped all over, that revenue grew 50%. it is only 500 million. you see they sold 2 million xbox console units including 1.2 million xbox one consoles. those are not cheap. interesting to see that that seems to be a very hot product for microsoft. >> yeah. i think the surface was left for dead. liz: yeah. >> if you look at some review sites, recent iterations gotten very, very positive reviews. as had the xbox. so i think this is all, satya nadella is the right guy for this particular point in time and i see 47 to $50 in that stock in the medium term, unless the broader market crashes. i don't disagree with lance expecting a correction, but i bu

satya nadella insisted oracle databases be able to run on the microsoft cloud. same kind of thing with the ipad. has made several management changes already. turmoil and amore big turnover in "c suite?" microsoft is not a place where you see enormous management turnover. people go to microsoft and work there for decades. you will find people that have been there for decades and they are thought of as the newcomer. what you want to see is a lot of innovation. they have the people to do it, but they have not shown the inclination. >> cory johnson, thank you so much. frome a few minutes away the opening bell. we have the top 10 trade you do not want to miss. keep it here on "in the loop." ♪ >> welcome back. it is time to go "on the markets." scarlet fu has the latest. >> futures are little changed. we are in the home stretch. adp employment showed a private payrolls increased more than economists anticipated. mara we have jobless claims. -- tomorrow we have jobless claims that on friday the big government report. a look at copper prices. they are climbing by more t

. >> second time we see seti annabella going up on the stage -- satya nadella going up on the stage. i am not expecting a rerun of the flamboyance we had with steve ballmer, the sweat dripping, the screening of "developers." fascinating that last week it was all about getting into software, looking more at what windows provides in terms of word, excel, powerpoint. if you can't beat them, join them. offering ipad the office. today, he is refocusing on the windows operating system i understand. siri, a sort of personal helper for the windows phone? will we see an unveiling of the windows 9, the new updated operating system? last week it was all about software. offering it onto android and apple. now it is about focusing back on the operating system and getting developers excited about getting on their ecosystem. >> caroline, thank you. we will talk more about microsoft and amazon later on with hussein kanji. >> i need my personal helper. >> i am here. i want a raise, by the way. tradersfrequency escalating and ipo amid scrutiny of traders following michael lewis's book. he will be on b

>> last week, satya nadella was here, his first public address.eally separating of the announcements which are expected to come tomorrow. i think they will focus on possibly a new phone and a new integration with bing on the phone and a siri competitor. really trying to keep their argument that the microsoft phone will be a center of computing in the future. >> can you only use a siri competitor on the microsoft phone? >> yes. >> part of the announcement from last week went to show that they're willing to work on other platforms. they're willing to work more closely with apple and not just on microsoft. >> we will see how the announcement works. what we know from the way the siri product works is that most of the computing is happening out on the cloud and not on your phone. theoretically, you could use other vocal search tools. that hasn't happened yet. we will see if microsoft breaks the mold. >> why do you think they're having these two press conferences so close together? why not combine them? were they trying to create some buzz or build-up,

sat satya was on stage.e was talking about his vision for the future of the company. >> our goal is to really built platforms. create the best end user experiences. the best developer opportunity. and i.t. infrastructure for computing or mobile-first, cloud-first world. >> you listen to nadella today. and i can tell you had to be impressed with his knowledge, his expertise in the business. and just the way he related to the 5,000 developers. he was so comfortable with this audience. also on stage today was stephen elop, introducing new phones, including the five-inch display. new colors, improved camera. he introduced lower-cost phones. some of which will be available here in the u.s. in july, for 159 bucks. a very aggressive price point there. two more updates to talk about. windows phone. you heard talk from executives about a more flexible windows phone. and they unveil a microsoft's answer to siri. and an update on windows 8.1. again, the theme of flexibility. it will be easier to use if you want to use

satya nadella just about to take the stage.e will have a wrapup of those comments coming up later on "street signs." tyler? >> josh, thank you. >>> watch out, netflix and apple. here comes amazon, firing up the battle for your living room. will amazon's latest gambit be a game changer? >>> plus shares of mankind soaring 75%, getting a major boost from its diabetes drug. the cfo joins us exclusively next. at your ford dealer think? they think about tires. and what they've been through lately. polar vortexes, road construction, and gaping potholes. so with all that behind you, you might want to make sure you're safe and in control. ford technicians are ready to find the right tires for your vehicle. get up to $120 in mail-in rebates on four select tires when you use the ford service credit card at the big tire event. see what the ford experts think about your tires. at your ford dealer. your chance to watch full seasons of tv's hottest shows for free with xfinity on demand. there's romance, face slaps, whatever that is, pirates,

satya nadella was just onstage rocking a teeshirt and jeans and sneakers. how microsoft thinks about its relationship with developers. take a listen. >> one of the core principles we have is we want to make it possible for every developer to bring their core assets forward and to be able to leverage their core assets they build in a very broadway across our own family, but also across platform. >> reporter: i'll tell you guys, when you listen to nadella, you had to be impressed by just his knowledge and expertise of the business and also just his comfort level with this community of 5,000 developers. before he took the stage, steven elock was onstage introducing some new smartphones, also talked about some lower end models coming to the u.s. here in july for $159. so an aggressive price point there. some key updates as well for windows phone, they introduced today, a new personal digital assistant, sort of microsoft's version of siri. she can help you do searches, answer questions, basically just do more with your phone. another update for windows 8.1, agai

a guy who knows an awful lot about it is satya nadella. i read about this is morning.t that he is beginning to deliver a vision. about microsoft not being tied to one platform. that isecome something android. what they have done recently with the ipad and the office system. there is finally some sort of admittance at the company, this is where we lost, this is where we are still good. where we lost, we can be competitive there in another sense. that is progress from where they have been. if there is a surprise, it is how quickly things have started to turn around already. satya nadella has been there two months. we have seen improvement in them going towards the cloud. everybody is doing what they said they would do. facebook is going more into mobile advertising. apple is doing well, selling more iphones. microsoft doing exactly what they were doing. they are pushing into the cloud more. the surprise going into this week is the absolute pessimism we have had. look at the nasdaq, 71% of the tech companies are beat. 85% on the s&p have beat. it is the numbers and the pe

you hear about the millions being put in place i read some iran now satya nadella going with xbox.ng put into higher big names to come on board and create that content? >> i think what the tech companies are finding out is that this is a very different business. 20 years ago the hot applications were software for computers and laptops, and now the hot applications for a tablet or a smartphone is popular but he content. people like yahoo!, people like amazon won to spend and create their own shows and own that kind of a killer app. that is difficult, you're the only guy who has had success on lookstrances internet ad the only guy who has ha success is netflix. while amazon says it is the leader in video streams, nbc now says it is the leader in the most coveted viewership demographic in the world. the broadcast network says it with thee the season biggest audience in primetime among viewers ages 18 to 49. worst to first in three years. >> the way they are trying to spin us is that we are number one across the board for and that is true at least in the 18-49 demo. that is the demogra

inyou have quite a belief satya nadella. that is one where we have a good conviction.ixed bland,more we have microchip, which is an analog manufacturer. that goes into a very broad spectrum of industries. we are beginning to see some better news come out on the demand side. those areas we feel relatively comfortable with and we're not really positioned in the high-value and because we have been expecting some selloffs there. >> something like the u.k. chip m. you don't like the caricature. >> no. we have seen huge valuation upward in some sophisticated internet names. they could still come down some white. -- some way before they become more attractive. to the earnings season, you get a much better picture of the companies that are making earnings. we feel, as we get to the next month or two, we will have better clarity. >> she like any of the hardware manufacturers? samsung releasing new products worldwide at the moment, obviously facing more competition from the cheaper manufacturers of china and then from apple. is that the space we are playing in? >> we feel there

we'll put on the screen what are about some names, microsoft is fascinating with brand new leadership, satya nadellala. i haven't seen microsoft at 40.87dole, look at this, david, $40.87, in a long time, nice day for microsoft. minnesota mining and manufacturing having a decent day. halliburton down slightly. >> what you have there basically our theme of cap-ex facing tech in the form of microsoft which finally begun to catch a bid as you were alluding to, liz. we think it is pretty cheap. 15 times earnings foe ward and $50 billion in cash. in addition a industrial company that produces long and short cycle products to take advantage of increasing global activity. last but not least the energy renaissance taking place in north america which halliburton is major oil services company is beneficiary of. it is a play on pro-risk stance we act advocated not just for domestic exposure but synchronized global economic expansion. david: scott, i have just to wrap but i have to ask you if you see conviction in the market like this on the buyside tomorrow, are you in or not? >> yeah, i'm in. it is goi

we will find out what else satya has upt else his sleeve. mr. palmisano has done anything but slow down since ibm. he started the center for global enterprises. it is all detailed in his brand-new book "re-think, a path to the future." he also served as a security advisor. he is joining me here right now. congratulations on the new book. a lot of what you are talking about here is the globalization of business and the world. you explain how corporations can take advantage of that. give us some examples. >> basically, if you look at the factors that are driving the change of a multitude of things, one is the fact that more and more of the emerging countries are now engaged in the global economy. their governments are more stable. they are more oriented to global economics and they have moved in. ? >> examples like china. >> you have a population that is educated in these geographies that are entering the middle class and you have a technology shift. when these three factors converge, governments opening up, engaging in the economic thed, complyin

. >> you hear about the millions being put in place by marissa mayer and now satya nadella going big that good money being put in? >> with the tech companies are finding out is this is a different business. when two years ago, the applications or software for computers and laptops. people like yahoo! and amazon, they want to spend a great deal on their own shows and own that killer app. you only guy that has had success is netflix. their success was incredible. incredible and unpredictable. for yahoo! or amazon, to match that level of success, it is not likely. is someone going to have to get pushed out? only have so many viewing hours in the day. everybody is in a position to grow. the way people watch television is changing. there will be some that are mightier. if you look at the business model, you need both of these things. you highlighted what it is that people are streaming. notmazon, most likely it is original shows. it is likely the kind of stuff that amazon is able to get through partnership with viacom, like nickelodeon or dora the explorer. if you look at hbo, for all of

h into cloudpus computing is accelerating under new ceo satya nadella.hey topped analyst estimates. citigroup's chief executive withdrew from an economic forum that russian president vladimir putin is hosting next month. the bank will send other executives in his place. citigroup has more than 50 branches in russia. president as the u.s. toughens sanctions on russia. spendingtisers boosted to reach a growing number of people accessing china's normal -- largest internet search engine. rose 24%. welcome back to "countdown." is six: 15.london tokyo inflation data showed prices rising 2.7% in april, the most since 1992 after trading near it strongest in a week. on that data.aken for more, i am joined i standard bank head of g-10 strategy. thank you for joining us today. we are focusing on tokyo today, which rose 2.7%. nationwide inflation rose 1.3%. how much of that increase was down to the sales tax increase? pretty muchassume all of it. i would assume, in april, we are going to see a similar increase. the real key is not necessarily 2% rise in inflation or

microsoft's satya nadella is going to hollywood.e giant has enlisted seth green and sarah silverman to create some robots some content. they are involved in shows that xbox studios will roll out in june. companywill have some in hollywood with yahoo!'s marissa mayer. yahoo! is close to ordering four web series, half-hour, these. up tois willing to spend $1 million an episode for that. the wall street journal says marissa mayer is focused on shows that need little development. but certainly they will cost a lot of money. a race for content. private equity firms may be facing sanctions after the securities and exchange commission found that a majority of them charge inflated fees and expenses. cristina alesci has been following this story closely and joins us with details. this is interesting, maybe not surprising but interesting. private equity would be overcharging. >> you are right. as a result. frank legislation in 2012 -- as a result of. f dodd frank in 2012. the sec one out and required smaller firms to register with them. it wa

it was the first quarter overseen by satya nadella. >> pandora radio says that increased advertisingw a forced quarter loss but shares are down 9.5% after plans to spend aggressively on marketing that will cut into future profits. >> number two is starbucks. the biggest coffee shop chain reporting a profit within estimates. stronger sales of new menu items and the reward programs that has a million dollar -- 8 million members. 23%.azon, up they rose by 22% throughout the quarter, as bezos continues to spend at the expense of profit. we hear the opening bell on this theay, my guest host for hour is dixon doll. keep your eye on capital spending, it may start to wrap up, why? >> it has not started to ramp up the degree it should have got the given the recovery. ofk at the percentage investment we have seen over the last number of years. we have significantly underinvested in structures, equipment, and intellectual property. we know what happened to structures over the age, equipment becomes outdated, and there is a replacement cycle that should take hold. there are some good reasons, co

the company excelling its push into cloud computing under its new ceo satya nadella. unit, 80%.he >> it is there, and i love his raise -- ambient intelligence. >> what does that mean? >> steve ballmer never would have said that. ceo >> right. >> what did he say? >> ambient intelligence. >> of those are front-page stories. >> these headlines are too good to pass up. the president, putin increasingly seeing the world through cold war prism. the president -- i absolutely would save mr. putin if he were drowning. >> of that was a strange comment. >> there must have been a question -- >> and with the backdrop of the korea --and south >> the followthroughs even bigger. i would like to think that putin would also save him. >> these are delicate. the way, they have been talking over the phone quietly behind the scenes as mr. kerry and mr. lavrov are the ones out front. curious what is happening. >> of the back channeling. we want to introduce our guest humor.he ceo of social he is better known actually as a pioneer of viral media. he is why you cannot resist opening cap video

what does satya nadella do with that? it's going to be, you know, management didn't talk about it on the call last night. and i think, you know, what we're going to see is lower gross margins for the business. i think the integration probably is going to take definitely a couple quarters and they're going to move that segment into their device and consumer hardware segment and report it separately so there's going to be a little bit of a change for analysts and investors to analyze the numbers but i think ultimately it's probably a tough, tough integration. >> all right. thanks very much for the perspective, robert. watching shares of microsoft on the move. a lot to look forward to from the new ceo. good to see you, robert. >> thank you. >>> shares of amazon are being hammered again this morning. earnings were broadly in line with consensus but operating expenses rose 23% as amazon spent heavily on shipping, cloud computing and new hardware such as its fire tv set top box. mark ma haney an analyst at rbc capital markets a

but satya nadella brings a jeff bezos momentum, energy to microsoft. think microsoft has a good chance of pulling technology up. amazon, you saw after the earnings report yesterday, some of the post-market activity. huge spike, collapse and virtually unchanged as we go into the day. the overall market may end up flat. it is a friday. you have weekly options expiration that will move amazon stock in a volatile fashion over the course of the day. the overall market should be flat. watch technology, though. >> investors here in europe seemed a bit -- having a push/pull effect concerned about ukraine but then looking at some of the earnings which have been decent. do you think that will be the case for the states today? >> you know, i don't think so. i think the russia/ukraine crisis, it shows itself in brent crude. if you watch the inventories of crude oil, especially wti have been massive. globally the oil supply is large. having said that, wti sold off after the inventory numbers, brent did not. brent is sea-borne crude, the crude oil you watch to gauge

. >> last week satya nadella had his first public address.eally what i think they will focus on tomorrow is possibly a new phone, also new integration with being in the phone and a competitor. trying to keep the argument of the microsoft phone will be at the center of competing in the future. >> part of the announcement from last week when to show they are willing to work on other platforms, willing to work more closely with apple and not just microsoft. >> we will see how the announcement works. what we know from the way siri work is most of the computing happens in the crowd and not on the phone, so theoretically you could use other search tools but that has not happened yet. >> why do you think they have these press conferences so close together? why not combine them? >> i think they wanted to take a little bit of -- money morning order backing --quarterbacking can want to take the first-ever address from the build conference and focus on people developing for microsoft's platform, which is so important. >> we will be all over that tomorro