satya: we've had avatars in xbox. i have a satya avatar.t is going to be the same avatar that i can now use, whether it is my microsoft account or azure directory. you have your real presence in video today. you will also have your holographic presence, and the avatars are an intermediary in the middle. it is about creating more presence, more human connection, giving options for people to participate in the communities they are most interested in. emily: i know you are focused on business use cases, but you have xbox. shouldn't we expect to see this expand into xbox and entertainment and consumers more broadly? satya: absolutely. we are a platform company. we always build the core intrinsic's first, and then we build it into our first party applications. if you take halo as a game, it is a metaverse. the question is, can you take that to a full 3d world. to your point, we are going to exercise this in the enter ties -- enterprise space, whether it is mesh meetings in teams or other dynamic connected spaces. the thing to get right are all o

now, that being said, you know, the thing that satya brought back with vigor to the company was a focusthe ability to build the next generation of products, you know, starting with azure, but also transforming across the company. a "we are only one company in this universe and we are doing our absolute best to surprise and delight our customers." david: let's talk about the different skill sets. if to be an investor, you need a certain skill set, what is that skill set and how is it different to be an entrepreneur? reid: so, i will start with an entrepreneur, because i think it is easier. well, the game is hard, but the definition is easier. which is, you have a vision for where the world is moving towards, where you can help build it towards. frequently in the case, a new technology or a market shift, or something that gives you that market opportunity, you can assemble, through your network, the assets. not just capital, but talent, the ability to build the new products or service, and you are driven by the cadence of a complete focus on how do you navigate that path. which can includ

satya nadella sold half of his microsoft stock last week.personal financial planning and diversification purposes but another unsaid reason for all of this selling is taxes, along with the threat of higher federal taxes. washington state is about to impose a new 7% tax on capital gains. that starts january 1st. nadella saves $21 million in taxes by selling now jeff bezos saving $700 million so we'll see whether the gates or some other people who live in washington who are wealthy are going to do a little holiday trimming in december, as well. >> yeah. plus christmas shopping, right,l >> yeah. plus christmas shopping, with inflation and everything, we'll have a little extra change >> that's right. they need the cash >> apple shares just touched another all-time high, top gainer on the dow for november and rallying over yesterday's sell-off and have you mentioned the week we just heard from aws don't miss microftso's jason zander we're back in two. small businesses like yours make gift-giving possible. now, comcast business has an exclusive gi

so it's somewhat of a defensive as well as a growth tail look at what the stock has done since satyait's got this great huge addressable market, adobe, very predictable and also traded at a huge premium well, microsoft is now ten times the market cap of adobe and has essentially caught up to it in terms of performance it's also caught up in valuation. i look at free cash flow yield as one way to say what the market is really placing on each dollar of cash that comes in the door and as the free cash flow goes down, it means they're paying more for each dollar you've seen microsoft on a forward-free cash flow basis a little pricier than adobe even maybe that means we're getting to that price perfection type of level for microsoft. i do think it's quite interesting, it's something of that scale getting that kind of premium back guys >> i do think there is this question about next year, if people think it's going to be defined by the federal reserve shifting this policy, raising interest rates, taking away liquidity, trying to normalize and fight inflation. what happens to a microsoft or

i've basically owned it since satya took over and i'll continue to own it >> i guess you could say theout target. just substitute brian cornell's name in there. people know how much you like this stock how long you've owned it what hasn't gone right in the second half for target down 6.5% since you made the pick and i should let our viewers know as well today that you bought more of it as a new buy. >> yeah. you know, i can't explain other than sometimes you know we all know this. that there are stocks that people have had a great run in and they decide they want to take some profits, right this is a stock that got up to what, i think like 279 it had an explosive move to the upside and now it's pulled back. i was just looking at it and i said, you know, looking at this stock and the selloff it's made, it seems to me when you're looking at a pe that's somewhere 16 to 18 and you look at what the s&p's pe is and you look at the growth, 2021, scott, 15 billion in sales growth. that's a monstrous number. that dwarfs what they've done over the last decade gives you an idea of the growth they

think microsoft satya nadella has presided over the top of the most important tech company in the worldansformed into the cloud as the workplace has been transformed some what into the home, add in insecurity, windows is the gift that keeps on giving it is extraordinary where microsoft sits now and five years ago they didn't sit here and in fact six or seven years ago this stock had not even broken through the highs of 1999. so it is clear that microsoft has had the biggest move, i think in the last year and therefore the ceo is the reason for that >> dan you certainly didn't like musk as the pick so what is yours >> i didn't like musk as a pick. i'm happy with musk as a pick. it says about the investment environment and we're talking about the person of the year when it relates to markets i think cathie woods deserves this and i think sheen cap y-- encapsulates and the investors around them and about some of the entrepreneurs who started these companies. and she's been steadfast about these emerging tech names an whether it be crypto or ev or disruptive tech and right now she doesn't l

. >> satya rhodes-conway is the mayor of madison, wisconsin, a democratic strong hoel one of a numbergate her in this building away from public view. because he wants to ask you those questions in private he is going to seek your -- >> yes if it comes down to it and i have to go to jail for democracy i certainly won't be the first person to do so. >> reporter: she was hired by voss, pictured here with donald trump. voss tweeted about the top-to-bottom investigation by justice michael goeblman. after this tweet goeblman's investigation expanded. >> good morning. >> reporter: we talked to talk to speaker voss. >> we sent in a request for an interview. >> reporter: his office said voss had no time this week. we wanted to know why he would hire goeblman who just days after the 2020 election cast doubt on wisconsin's election results. >> our elected leaders have allowed unelected bureaucrats at the wisconsin election commission to steal our votes. >> reporter: records obtained by american oversight a left leaning watch dog group show taxpayers paid to fly goeblman to arizona last summer wh

but it's hard to turn your back, julia on not just what elon musk has done in the way of sales and satya> yeah, it's been remarkably widespread as we head into the end of the year. and missed part of the show? don't forget to follow and subscribe to our podcast listen anywhere any time wherever you download your podcast. "tech check" is back in a moment >>> one more thing and that's a snap announcing a partnership with kim kardashian west and kris jenner for spotlight on its content channel back to february of 2018 when snap dropped 10% after kylie tweeted she didn't like the redesign. how quickly things changed shares are up 10%. julia, i had completely forgotten about that >> but you have to remember, carl, that while we've been talking about meta, facebook, whatever we'll remember to call it that snap has been quietly building a huge amount of building content that's safe for advertisers and they've really been investing ahead in this augmented reality, in the vr world and not getting as much attention for it as facebook has. facebook shiares up 20% year to date and snap shares up 20%

microsoft has been one of the great success stories of the last five years under satya nadella.nalyst stock prices 20 or 30 bucks above where it is now. make the case for microsoft. >> i love microsoft. you know, microsoft is one of the businesses that i think is insulated from a lot of what is happening in the world today that's bad folks are worrying about, you know, a labor shortage microsoft makes about a million dollars on average on every employee that they employ, over 180,000 people, almost 180 billion in terms of annual revenue. so i like that they've got a really low ratio of sales to employees. clearly there's not a big labor shortage that's impacting microsoft. that's number one. number two, they've got incredible pricing power they've just announced in december that they're raising prices 20%, and the market has not blinked. in fact, you know, they're predicted to double some of their businesses the majority of where microsoft is generating its revenue is business consumers again, they're not really so concerned about that inflation i think microsoft has the ability

. >> quickly not to push it further but not worried that satya sold the stock a week ago and appliedw >> no doubt. it raises eyebrows among investors but looking through the checks for microsoftand look at what happened across the board this is a company in acceleration mode especially as more move to the cloud and fundamentally this is a name that goes higher that obviously i think investors focused on it but a sum of the parts story and if they execute this is a stock that's going to have a four in front of it. >> dan, thank you so much for joining us. >> thank you. >>> we are just getting started on the second hour of "closing bell." didi announced plans to delist from the new york stock exchange whether to avoid the stocks. tesla one of the worst big ca capper performers. that story is later in the show. >>> chinese tech stocks slammed amid the broader sell-off. including a.m. bah bah, baidu and didi sinking down by about 22%. the company announcing to plan to delist from the new york stock exchange and prepare to list in hong kong instead on the back of the company facing regula

little bit more on microsoft, which was intertwined with all of that were you worried when you saw satya i'm surprised he hasn't sold much stock before. but, you know, i think he's really committed to leading this enterprise and i don't think it's significant given how much stock he still owns. >> to what extent do you worry how much some of these calls, i mean, not enterprise metaverse, but the broader kind of software as being stable and high margin and still a growth area for next year being already a bit of a consensus call >> well, you know, i think the valuations are extremely high on these companies. at the same time the growth that these companies at scale is unprecedentled i usine accent your, they raised their guidance, they gave extremely high guidance for the future they are the ones that are helping lift all this stuff into the enterprise from these megacap companies and other companies like salesforce, for example. so i think for 2022, we've got some, a lot of work to do on the enterprise we saw during this pandemic year that salesforce arc lot of places where we could use