the sony story is well known. they're struggling. >> you say you're going to go risk on. >> yes. >> risk on with what? financial is the worst sector, utilities have had five months of gains, energy stocks have had three months of gains in the united states. if you're going to decide may is not go away but a buying opportunity -- >> ironically, just having talked about sony, the tech sector has been oversold. that's the sector that's underperformed quite heavily. if you look at the nasdaq -- >> they were original valued. social media stocks in particular. >> kbre, but what's happened is some individual stocks here and there have been hammered to are fair enough reasons, valuations got carried away. the whole sector got dragged down with that. i think actually that story has gone too far. i think we can expect a rebound. if you look at the nasdaq sort of net overall positioning, it's down to minus 1.1 standard deviation. this is right down at the bottom end of the long-term range. i think that story has been kbrofr

closing bell going to bring, sony's playstation iv may be the star product, but can sony break appleance in the smartphone be market? is we're going to ask mike fasulo whether he's got any game-changing products in his pipeline. this is only an exclusive right here on fox business. >>> and if you're an athlete who's fed up with skin tight jeans, charlie? [laughter] >> you never see me in my skin tight jeans? cheryl: no. there's a start-up for you. we're going to talk to barbell apparels cofounder, the kickstarter campaign, they want jeans that fit muscular legs like yours. not regular legs, charlie's legs. ♪ ♪ stick with innovation. stick with power. stick with technology. get the flexcare platinum from philips sonicare and save now. philips sonicare my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesy

today we know it as sony.y broke into the american market in the 1950's with its widely successful transitionter radios. from there it grew into a powerhouse with common devices used in every day life. you may not remember the beta maximum set in 1975 but you earth oheard of the sony walk m. it also created floppy disks, compass disks and branched out to video gaming and it was the verse console to sell over 100 million systems worldwide. it's follow up, playstation 2 is still the most successful home console in history. like any strong technology company sony tried to build on its successes. it got into mobile phones, personal computers and has a footprint with a studio in hollywood as a massive recording label. but with all of these subsets, it may be the blame for the slow painful reorganization that the electronic giant is trying to carry out. it has gone through four restructures. the company suffered net losses of more than $1 billion last year and it says it's expects another $1 billion loss this year.

flipping over to sony, sne, we got that? sony is moving up by nearly a percent.ember who shepherded that playstation 4, jack trenton. who was head of sony computer entertain. i say was. why do they let the people who know what they're doing go? i don't get that. fiat chrysler is making a bold bet. what they're doing is not what everybody else is doing. the auto giant is looking past electric and hybrid cars and suvs and focusing on transmission specifically. you're not a gearhead, don't tune out because jeff flock is going to explain it all. he's live at the brand new fiat chrysler plant in tipton, indiana. jeff, we saw some incredible video of his workers hugging him earlier. >> reporter: he is a rock star in plants like this all around the country. this is the world's newest transmission plant. it's not far from the world's largest transmission plant. and this is the bet with, liz, it's right here. this is a nine-speed transmission. nobody else has a nine-speed. it makes the engine much more efficient. and take a look at the impact, what the impact of that is.

sony, the story here, more on this in just a bit.rhaps if you are in china, you could be -- the playstation will be made available for you. you have a joint venture production in the free trade zone, and perhaps, they will be selling that. no timetable given. i will send it back to you. >> david, thank you for that. sony's global fight with microsoft is moving to a new battleground, china. xbox arend the fighting once again to take on china. mia saini is following this. up by 8%. >> i'm now going to be talking to you about sunny, although my stock pick did win. you know what? i'm going to talk to about sunny. to give you a sense of white is moving in the tokyo trading session. david alluded to this. they are looking to make an entry into china, the world's most populous country. they have finally lifted their 14-year ban on video game consoles. the ban was put in place in 2000 because the chinese government had the view that videogame content was inappropriate for young children. that view no longer holds. sony, following secretively

. > > its the kind of opening that sony looks at and says "ok... we'll take that."but they're going to get that anyway. the thing is that this is a film that with the amount of budget and advertising, they're already going in looking to clear atleast $600 million just to break-even. imagine the hubris it takes to have a movie open and knowing that $600 million's going to be no problem to hit, and they're probably going to hit it, but you're going to see this thing start dropping over the next couple weeks and sony's not going to be too pleased with the future prospects of this franchise. > > does it have franchise fatigue, eric? > > it's not just franchise fatigue. it's just the fact that they made a really terrible movie-- even the hard- core fans of this one are really starting to turn on it, and you're going to see it drop to no.2 this weekend which i think it's going to do, and it has godzilla and the x-men movie over the next couple of weeks. you're going to see this thing really drop off. it's going to make a profit for sony, but for part three, i think they'r

sony's animated films are coming soon to netflix. the two companies have inked a deal that will give netflix the rights to sony titles including cloudy with a chance of meatballs 2 and the smurfs 2. currently starz and sony are locked in a deal, however because children's programming is less popular on starz, it gave sony permisson to find a new home for animated flicks. music streaming service spotify is taking precautions following a hack attack. the service is automatically signing out all customers this week-- who will be asked to re-enter their information to login. android users are encouraged to upgrade to a new version of the app. and from the e-book beat... amazon has removed the pre- order button for j-k rowlings new detective story, "the silkworm" due out next month. reportedly, amazon is at odds with hatchette book authors and others over e-book prices. amazon-- which has cornered 50% of the market-- is said to be slowing deliveries on some books published by hatchet. retailer "books-a-million" is seeking to capitalize on

the sluggish performance led about 40 sony executives, including sony's president, to give up their bonus for this fiscal year. all right moving on to the markets now, asian shares showed a mixed performance. many investors lacked clear trading cues today. here's how major bench marks ended out the day. jackets like hong kong and jakarta posted solid gains. meanwhile other markets like tokyo saw minor losses. in hong kong, the hang seng index climbing more than 1%. it finished out at 22,582. shares of chinese property developers got a boost from an announcement by china's central bank. it reportedly took steps to spur mortgage lending to first-time home buyers. and in indonesia, the key benchmark there finished 1.4% higher, 4,991. market expectations are growing that jakarta governor is gaining in chances to win the july presidential election, and that he will push for more economic reforms. tokyo's nikkei average did decline. it was down over 0.1%, 14,405. investors booked profits from a surge on the previous day. also a pause in the yen's slide weighed on market sentiment. >>> trade min

our movie man takes us behind the scenes of sony. good to have you back on the show. > > thank you. > > so let's take a look at these movies that were either disappointments or box office bombs starting with you say, after earth, white house down, the mortal instruments, battle of the year, carrie, the monuments men-- i feel so bad for george clooney about that, about last night, robo cop, and pompeii. > > yeah it's not like they haven't had some successes, i mean american hustle did very well for them, captain phillips... they're really only had about three films that maybe had about $50 million profit margin, the rest were kind of small and the rest of those are either big or small disappointments. > > and heaven is for real... > > this year. that's sort of their one success story this year so far. > > alright so at the box office last weekend, neighbors came in at number one and this was a big win. > > it was a very big win more so for universal. a lot of people started concentrating on what ended up at number 2, but universal rea

it does not seem like sony can get it mojo back.back that much. >> what is out there on the market for them right now, they are under a lot of pressure. we have been talking about verizon mobile. a lot of competition across the board. a tough place to make money. stuart: sure. that is it for today's real halftime report. risk and reward next. deirdre. deirdre: we will continue your conversation about uber. we will be talking about one of new york's best respected best known founders. i have seen people say, well, maybe that new number was exploded by late stage investors. i will ask kevin ryan the same question. we will also talk about the technology scene in general. we will be talking about what indifferen there is this time around. all of that coming your way, stuart. stuart: it is called right to try. it gives terminally ill people the chance to try any treatment available. we have that story after this. ♪ hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of pro

sony's distribution has been destroyed. they're hardly anywhere in the states, most of asia and china they're nowhere. these forecasts have them trying to break into some of the other markets. >> that is a shame. one place where they have an excellent product and they can't get it to market. >> the thing is, they have several excellent projects. the ps4 is really good if you're into gaming. in the professional world they have fantastic cameras for cinemas and stuff like that, against all of that they have all of this mediocre stuff, second-tier mass market stuff that loses manage. >> thanks for joining us this morning. >>> we have some latest news coming out of glaxo smithkline this morning, concerning allegations of corruption against the former head of their chinese business and a couple of associates. we take allegations being raised in china very seriously, says gl glaxo smithkline. more on that to come a little bit later. >>> outflows from pimco have dented first quarter profits at the asset division of allianz. annett

for dumping and sony with was ascendent and zenith before sony ripped them to shreds fell apart. apple, steve jobs, the legacy of apple, is that they ruined sony. i think that's a great pairing between sony and sears. sony destroys zo s zonist and a destroys sony. >> how you transform a business, we had this with ginni rometty than ibm, sony is smaller than ibm, turning it around, figuring out where to go and how to go, the current ceo seems to have his hands full. he promised and did not deliver so far this would be a positive year and now it's going to be a negative one. >> overpromised. underdelivered. >> the multiple warnings. they just did it on the first. that was the third in six months. two weeks later another warning. >> also japan, obviously, they seem to have stopped spending a great deal there. put a tax on retail. the asian spying of sony, sony is a lost brand in this country when you got to costco where a lot of people buy tvs the price is so great, but sony is not the company you buy, you don't buy their brand anymore. you don't. sony is like our parents' brand or

a sony camera. a sony laptop.r in the corner. >> the sony movie poster really makes it. i think, at the end of the day, when it comes down to is these movies are so expensive to make. >> i had no idea. that does look like times square. >> the only way they will do that -- >> does it work? >> it does. the tie-ins that they have are huge. >> everyone also looks back at the pack that eminem turns down epa. they went to reese's pieces. there will always be someone who will say, oh, my god, that was in the movie, i have to get it. this can be sort of a cool factor. will it work? not necessarily. the studios need that money to make the fill. >> i will probably see the movie. >> san francisco has had enough. giant tech buses keep on rolling through. residents are venting their frustration and a fresh new lawsuit. this can get even uglier. details next. you can never have too much money. ♪ ♪ melissa: whether it is on wall street or main street, here's what it' is making money today. anybody with a piece of when resorts. i

dreamworks working closely with sony to make a deal, sony had a deal through 2021 with stars, however stars and sony agreed the kids' section is basically settled down and netflix is moving in on this one so that would include cloudy with a chance of meatballs, smurfs 2 and we are seeing stock right now pretty much flat at the moment but the big picture is the kids are in the play for the future. stuart: they dominate the screen telling you what to watch and that is important for netflix. thank you, the dow down 24 points. this is real slow trading for whatever reason, very slow trading, there isn't that much price movement. sony breaking into china's video game market. for years the game consoles have been banned in china but now sony will be allowed to sell the play station, that may be as serious potential. by some estimates china's video game industry could generate $10 billion in sales next year. some estimates. here is patrick more, ceo of game studio, the former marketing director of google play. welcome to the program. the chinese left in the consoles but then they are going t

sony also doing what microsoft did which is partnering with a local partner. they will be completing two ventures with shanghai oriental pearl to start making as well as selling. unclear on how much it is going to cost, what specific console will be distributed, and also the actual timing. again, both of these competitors perhaps sometime in the fall is what we are hearing. >> many thanks indeed. >> looking ahead, we are going to take a look at the growing influence and affluence of china's middle class and what this means for sales of all the finer things in life. next, india will have a new prime minister this evening. we are going to be live in mumbai to look at the challenges facing narendra modi. this is "asia edge." ♪ modi will be sworn in as india's new prime minister today, facing the challenge of reviving the economy and improving relations with neighboring countries. let's close over to mumbai. >> that swearing in will happen at its :00 p.m. this evening at a ceremony which is likely to be the first in terms of all the attendingtate including pakista

. -- to sony.me very bullish numbers last week in terms of its profit profile going forward. lg display co.'s up 11%. >> thank you for noticing. speaking of what i am wearing, i am actually wallowing -- following the producer of fibers in clothing. they sell and specialize in co tton. they cut their forecasts by a lot. they are predicting a 5.4 million dollar profit and now they were expecting a $363 million loss. the president is stepping down and they are planning on getting out of or scaling down certain business units that are not reducing cash. low market business is anything they are trying to get off the books. expect the stock to decline. >> i am waiting for my complement. >> your hair is very nice today. >> thank you. i am watching nikon. ,odaytock yesterday -- did we have two businesses. the camera business, dslr, they're not expecting it to do well because of these harsh conditions we are seeing in europe and in china. if you look at the semiconductor panels, widening loss which could ac

what does sony -- what do you think about when you think about sony? >> compact disk players. >> betamax. >>> pfizer ceo ian read being grilled again. the journal has an interesting editorial about protectionism. uk was the place that started the free flow of capital. london is the capital center. it's interesting at this point they're making it so tough. journal is an advocate of free trade. carl levin is looking at ways, even though he's been one of the primary architects that allow companies to get around paying taxes. this is the no going to pass muster. >> rather than getting into the core of the problem. >> which we'll talk about a lot today. we have congressman barney frank on. we have ed luzier on. ed luzier has interesting ideas about spurring investment by corporations. anyway, another tough round of questioning we're talking about for ian read by the parliamentary signs committee. the u.s. drugmaker is getting called on to extend commitment to jobs and research in the uk, not just for two or three years but for ten years. pfizer had given a

we will look at the deal screen sony that could have us all doing the moonwalk for a few more years.e about 30 minutes he opened up. -- from the opening bell. most stocks will open higher. home from theed mall last month. retail sales rose less than forecasted. at&t wants to add satellite television to its own, wireless, and broadband services. they're now in talks to buy direct tv for about $50 billion. it would be industry changing. reporters they about one percent of workers -- 20% of workers. news joining us now. exactly who is upset? aboutryone is concerned this proposal to buy astrazeneca. members of parliament and the u.k. want to know whether or not this big reddish chart maker is going to have job losses -- british drugmaker is going to have job losses. >> you heard those questions all over the u.k.. >> the pfizer ceo tried to reassure lawmakers that they did plans to cut too many jobs in the u.k., but underlying this is the concern that the real motivation and buying astrazeneca is to get a lower tax rate. that leaves the member's apartment to be concerned that they might n

shares of netflix off to $98.81, sony up to $16.64. >>> autozone seeing their third quarter surge.he auto part retailer's sales were helped by sales in brazil and mexico. despite that shares to $524.25. >>> shares of well team and sen sentra, according to a report in modern health care the ceo of ascension health says his company was in talks to acquire and operate in states. that sent shares of senteen up 4%, well care rose about 3% to $76.91. >>> bio chris says the drug which treats a rare immune disorder is in the testing stage, more testing must be done, but the promising result sent shares to $9.99. >>> surging today, the news of the retailer securing credit facility from the private equity firm sycamore partners, they reported another quarterly loss, but today's news gave investors hope. shares popped 15% to $3.92. >>> and apple fans had another reason to buy up the stock. according to reports, the company is planning to introduce a smart home system at a conference on june 2nd. the technology will reportedly allow users to control their lights, appliances and security system

sony is still up about 3% year to date. bases reporting 3.2% increase in first-quarter profits, but that increased all short of expectations. macy's is still sticking with the outlook saying i is improvig business trends. we look at shares slightly lower at the moment i a quarter of a percent. just slightly off the six-month highs. sears has been trimming back the canadian operations. the retailer is considering selling all of the stores in canada. every single one. sometimes they moved to the upside when you show those kind of moves, but not today, down nearly 3% at the moment. it has been an ugly year especially around february, march. shares down 24%. quite an interesting day in the treasury market displayed a stronger-than-expected jump in april producer prices shows pricing power for manufacturers and they did rise six-tenths of a percent last month. the 10-year treasury yield hit a new low of 2.25% at one point today. when we say new low, we mean recent low. why didn't we see yield go higher after the data? the trader

sony will partner to run and create two ventures in the eurozone. one is responsible for the hardware and the other on software. in sony's latest market comes as the firm trying to turn around after suffering its fifth annual loss in six years. and following the report, sony shares jumped 4.5% during the trading day. >>> microsoft already made moves to enter the promising market and the focus is now on whether nintendo will also follow suit. that's all from the nikkei business report. back to you, ross. >>> the bank of japan today where one member of the board talked about the risks to the downside. that should have been the final communication. how significant is that trading? >> i think this cat and mouse game all year that the markets originally thought for the bank of japan would need for the sales tax empire in april then got pushed back to july. now it's being pushed back to -- >> after strong comments last week. >> indeed. and that pushed it back. so the market looks at the comments being the most important. the fact that there is an active d

battle over which is the best video gaming console may finally be settled and the winner will be sony'systation, the nintendo wii or microsoft's xbox. morgan brennan reports. >> defend, attack, score! >> a potential new agreement could shake up the video game industry disrupting the way video games are purchased and played. the unlikely culprit, comcast corporation. the cable giant is in talks with gamemaker electronic arts to bring popular titles like madden nfl and fifa soccer to comcast x-1 cable box system. after two years of testing a deal is to be struck in the coming months. they're able to download a selection to ea's games in much the same way you'd order a pay-per-view movie. more casual, family-friendly fare will be offered including fifa, madden, monopoly and plants versus zombies. this would create a new distribution model allowing a company to not only compete in space dominated by tech companies like sony, microsoft, apple and amazon.com, but bypass their devices altogether. it's also a big step for electronic arts. >> if ea can get an extra couple hundred,000 people to s

sony is refusing to throw in the title on its money-losing television business.lation of sales mounted as sony spins off the business into separate entities. the ceo says he would not will not equity partners, sony's tv business racked up losses every year for nearly a decade. that is the latest from the fox business network. melissa: more proof that when money talks everyone listens including apple. the drug dealing game was the top seller on itunes getting yanked from the apps store after we brought you the story but the game's creators are not going quietly. they vowed to bring it back to the public. good luck. we rallied against it. staying on top, one summit in colorado is flirting with business pop backs, and a business to business conference for cannabis. the executive director, thanks so much for joining us. what are the challenges businesses are facing that you are solving? >> businesses that are interested in the new entrants in the marijuana business in colorado have to have a good understanding of the very strict regulatory environment that encompasse

. >> sony down 6%. d doc. >> out of the last seven years they have been reporting losses.t's a bad story obviously as positive as things are with beats, a product line that sony owned forever. now sony can't get out of its way. i would stay away. >> we get a pop for zulily. just kidding. a pop for britney spears. looks like you'll be able to see her hit the stage one more time. extending her vegas residence for 30 more shows. she has hit the jackpot in vegas pulling in a reported $30 million. go out and get your tickets for brit. >> when she shaved her head, i was a huge hit buyer of britney spears and ever since. >> still a buyer. >> yeah. >> you can play that game. >> two of the biggest bears on wall street went head to head at the salt conference today. we give you a front row seat as nouriel and peter join us after the break. stay tuned. ompany to new york state. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your busi

i think twitch has a lot of thanks to sony for this because the ps 4 has a feature that allows you to automatically stream your game play to twitch and that gave them a really nice boost. >> you mentioned this is youtube playing catch-up but it made it sound like there were potentially other suitors and twitch decided to go with google and youtube because they felt as a company that was the best platform about this technology. what does this say for youtube? >> this is a very hot company, it was spun out of justin tv out of silicon valley, the guy who wore the camera on his head. the prices were relatively in the same range and chose to go with the leading candidate if the deal gets done, which is youtube. they have a million people uploading content to it. 45 million users. these are people who had their choice. >> do we know much about the valuation? >> and this morning they said the deal is not done. >> talks in the early stages. >> it's important to sony and microsoft, part of this whole cloud stream iing entertainment environment, an area nat doesn't get talked a lot about a lot

also we will be speaking with the head of sony's electronics business in the u.s.t big things changing, this is the company, you know their products, they make the bluray dvd player, he is coming up and there is a lot of pressure to get out of the pc business, they have been losing money. he is telling me he is going to give us more details coming. melissa: thanks so much. it takes a lot of money to look this nerdy or does it? google charges you $1,500 but take it all apart and you won't believe how much it really costs. you can never have too much money. humans. we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back, offering exclusive products like optional better car replacement, where if your car is totaled, we give you the money to buy one a model year newer. call... and ask an insurance expert about all our benefits today, like our 24/7 support and service, because at liberty mutual insurance, we believe our customers do their best out there in the world, so we do everything we can to be there fo

he says this is the last year of sony's restructuring.ng us with his thoughts is senior analyst for consumer tricks at euro monitor international. >> good morning. >> this surprise being fairly upbeat. is it justified or not? >> i think it's a little early for that much optimism. if you look at their forecasts for some of the key tricks groups, they do forecast decline in cameras, but i think it's going to be a lot more drastic than what they're expecting. they are expecting a pickup in sales of tvs that's most critical. we might see a slight upswing but it won't be quite as much for sony this coming year. mainly because really what we're going to see happening in the tv market most likely is some of the units that were purchased in 2008, 2009. those are going to be starting to get replaced. there was a bit of a glut in terms of demand at that point. so sony is probably going to sell a little bit more tvs, high value tvs, the primary tvs that people would put in their living rooms and so on. it's not going to be quite as substantial as th

we have numbers breaking from sony. between those businesses if you look at the media side. to give you the top line on sodium -- sony, the net loss is at ¥50 billion. it seems like that forecast coming through disappointing when compared to estimates as is typical with the japanese businesses which tend to be measured on the forecast for the full year. analyst look ahead for the full year and waited for cap against the company and that is where people look for how to work out whether the company is on track or not. just to give you some background because the person who took over as ceo on 2012, said the refund -- survival will be run by games and mobile devices. he will put tv on a separate unit. that could more details on this numbers from john who joins us now from hong kong. >> good morning. a bit of a blow. mentioned, it is a net loss forecasting a loss of ¥50 billion. there is a profit of ¥57 billion and that is dramatically contrasting that. the operating profit forecasting at ¥140 billion and an estimate of ¥23

it's taken a relatively standard commodity technology that can you find within the sony ecosystem or anybody else, you know, they have great technology here, but they've done a better job marketing it. this is a mistake. investors -- it's a personal opinion. i would never buy this ipo. this baby's going south. >> well, that's interesting. they are also a content company. you say marketing, but they have a youtube channel. tons of streaming from users around the world. >> how do you monetize that stuff? it's a kid jumping off his roof. why is that valuable to anybody? >> they have ads on the youtube channel. that's not one of the big revenue streams. >> it is a nothing revenue stream practically. >> but it's been profitable since the very beginning, and it makes a real problem. kevin, you come up and criticize companies that have something in the cloud, or it's not something tactle you can hold in your hand. i've heard you criticize this company before, but it makes a profit from the get-go. >> you know with certainty there will be competitors in this space, that there's absolutely no

. >> sony. >> yes, it is a sony. it's a sony.from the peak, brian, you can can see that very clearly on the chart and that was back in 2000. the stock was down how much? >> what's happening to your voice? >> i'm talking too much to you. it's down 90 and today they forecast another annual loss. i thought it was kind sexy but maybe i stand corrected. >> the beat on revenues and raised guidance during the first quarter. should you add the so-called triple-threat stocks to your portfolio? let's bring in paul hickey, the one who compiled the list. >> thanks for having me. >> give me some of the triple threat names, and accordingly there are three of them. >> well, first of all, let's get -- we called the triple play. there's other imitators out there we called a triple threat and nothing threatening about these names. there's three reasons to play them. beat earnings and revenues and raised guidance so the three we're highlighting today are from a report that we put out yesterday, and the first one is global cash access. they provide

sony is putting out its own version. this is going to be priced at the level where you will plug this into your home game console and it will enable virtual reality. it looks a little weird on your head, but when you do it, you're instantly surrounded by this 3-d panorama, you look up and looked down, you feel like you are where you are. this opens up incredible applications and entertainment. video games written specifically for virtual reality will obviously be the first major thing that gets people excited. already, people are extremely excited about this. over time, you could see virtual reality becoming a new entertainment medium. when movies were written or made to be viewed in virtual-reality? consider playing a game come i sit back and experience some sort of immersive 3-d experience. people talked about applications and travel. were ineard you i montrose, colorado, i imagine putting on oculus rift and imagine myself going down the slopes for a midday getaway. it is a fun technology. there are all kinds of applic

we now have a0's, device soon to hit the market call the oculus rift and sony is putting out its own version. the levelbe priced at where you will plug this into your home game console and it will enable virtual reality. you will put this thing over your head and it looks weird but when you do it, you're instantly surrounded by this 3-d panorama. you feel like you are are where you are. this opens up incredible applications and entertainment. video games written specifically for virtual reality will be the first major thing that gets people excited. already people are extremely excited about this. over time, you can see virtual reality becoming a new entertainment medium. what if movies were written or made to be viewed in virtual reality? the set of playing again, i can sit back and witness an immersive 3-d experience. people talk about experience in travel. inn -- since you're colorado, i would like to slip on and oculus rift and see your state in the winter and imagine myself going down the slopes. it's a fun technology. there are all kinds of applications not only in gaming but e

and sony morning another loss this year. how bad is the damage to the stock?are waiting for some restructuring changes with some real profits and the stock is down. it turns out that this is their sixth annual loss and they have continued problems in electronics and television and in the meantime the local competitor has not turned the company around using more in the industrial products area and so some of these shareholders are pretty frustrated to see this downside. >> i just remember when sony was king of the hill back 25 years ago and back then they were king of the hill. thank you so much. we have obamacare's complier employer mandates. grace turner is here. there is a group of six senate democrats. welcome to the show. they are pushing for real change and another delay. so if you do that in delayed again for you repeal it, you're finished with obamacare, aren't you? >> employer mandate has been one of the first cascades. we saw lost jobs, workers having hours cut, companies are not going to expand because they don't have more than 15 employees. the dama

. >> bad news for sony after the billion dollar loss links to expenses from selling it's pc business.ood news if you want to buy google glass, for that and news behind the bell, she is live. good morning. good morning to you, scott, we are watching the futures this morning. pointing to a slightly lower to wall street. we saw the nasdaq touch a three week high. we had a disappointing report on retail sales. that was upset though. today we will get earnings from macy's, we saw the dow finishing at 715. meantime that google glass story if you have $1500 and that is burning a hole in your pocket. the company is selling the beta version to any one who wants it. the full version will go on sale later this year. new report shows that passengers are more satisfied with airlines despite having to pay more to fly and more in fees. the report measures satisfaction based on several factors. they include fees boarding and baggage. pretty thorough there. alaska airlines ranked first the. guys, back to you. >> thank you. >> if you want to get away from the heat. >> you better escape the bay area. mo

sony pictures, i think they'll make a wonderful movie. >> brad pitt, will smith. >> the best. >> this a remarkable book. thisaid to give it to tab -- tavis and say i will autograph it if you put two on the show. okay. [laughter] >> okay, max. we got it. someone call max. get his book on the shelf. brooklyn.orn in your father dies when you were two. said you lostuy them. we did not lose him. he died. [laughter] we did not lose him. we like him. >> you're just a kid. how did you become a man? your mom raising four boys by herself. >> we had our grandmother. -- irving was like a surrogate father. he went to brooklyn college for eight years, four hours and i said he could work it hours a day -- 8 hours a day. time it is 1944. we are in the war. my mother has four blue stars in the window, four boys and the service. -- in the service. my brother and i are fighting the germans. another brother is fighting the japanese and another fighting at the george washington bridge and trying to get across. [laughter] anyway, we are on the service. my brother is in the air. air force. 23 missions. they

the losses may be coming to the end for sony.nits could generate the first profits in more than a decade. adventureter forming to bring the ps3 playstation to china. the week and kicked off with a blockbuster movie season in the states but china is hoping to catch up to hollywood's to get releases and do it very soon. >> we are going to the movies. the memorial day weekend ranks as the biggest of the year for hollywood. kids are out of school. x-men toppledend, godzilla in the u.s. and canada bringing in more than $90.7 million in ticket sales. the movie brought in the second highest opening weekend of all time in china. million toe to $37.7 6000 movie screens. it debuted only 5% of the opening numbers of titanic 3-d. china presents a challenge and an opportunity to u.s. studios. the government restricts the number of foreign films allowing just 34 imports a year. so far this year, it is worth to look at the numbers. china's box office sales have bought in 1.6 billion dollars but ticket sales in the u.s. is a lot stronger. sales

sony has been worried about losses for months. they say they've been redoubled restructuring efforts. the bright spots are sales and the playstation. but as the company struggles competitors like panasonic and sharp are rebounding as they smell blood. >>> toyota is one step closer to packing up its headquarters in california and driving to texas. the city outside of dallas has given th the incentive package o lure companies there it lists the state emergence in the auto industry. tesla is another target of texas. they want to be home to tesla's battery factory. rick perry said he will do whatever it takes to ha lasso tesla. glen, tell us a little bit about what texas is doing to get them there. >> well, they've been very aggressive they've had some problems with natural disasters in japan, safety and recall problems. beyond that they have recognized that their leadership functions in the united states have been scattered about the country. some engineering and manufacturing and kentucky, sales and marketing in southern california,

. >>> i spoke to grown , he said sony -- glenn greenwald, he said sony pictures brought the movie rights to his book. >> it was like living in a spy film. we knew a couple of things, that this was certainly the biggest lack in national security history. if the u.s. government found out what he was doing, they would take measure to put a stop to it. they didn't know much else, whether the government new anything or what they knew, anything that was happening. everything they did was shrouded in levels of secrecy. edward snowden - the intelligence community - it was well havesed in what needed to be done. >> you were surprised by what he looked like. >> i was shocked. i knew he had access to enormous amounts of trial. i knew that he was prepared to spend the rest of his life in prison, i assumed he was in his '60s or 70s. >> did it gi you pause that you might write articles that could in essence send him to prison? >> it made me need to know that he was making is close with a full upping of what the consequences -- understanding of what the consequences would be, and the decision making wa

number six, sony, unexpected way forecasting an annual loss, it sixth in seven years.ey would step up broad restructuring this year. >> number five is yahoo!. the mobile is gene start up blank, letting them send messages -- the mobile messaging startup blink. posting lower than expected revenue and they expect full-year sales to decline by 4%. , thember three, fossil watch and accessories maker tumbling after its second-quarter forecast trailed estimates. they also reported a decline in north american copper both sales, offsetting gains in europe and the asia-pacific. >> sears holding, the department chain announced they are looking at options for interest in sears canada. a 61% stake in sears canada and are considering selling holdings or the operation as a whole. >> your number one stock to watch today, macy's, reporting a nine percent increase in stock, beating estimates, -- sales, beating estimates, but sales cap, as income and whether shoppers out of -- inclement weather cap shoppers out of stores. you hear the opening bell. now for the call on the markets, a chie

sony has posted a quarterly loss 18% larger than analysts had forecast.uter and electronic sales. sony is trying to revive itself with new smartphones and game consoles. >> sir martin sorrell is the chief executive officer of wpp, which barely describes impact. he will be riveted once in the .anel in davos we will talk media. facebook and twitter. we have to go to the most important moment we have seen in this 2014. when in doubt, leave the castle. baby george's trip was a total success. >> known as the republican slayer. >> give us a backstory. there is a wave in new zealand to move away from the commonwealth? >> not any longer. >> i thought it was going the other way. they were extremely welcoming. there has always been this republican feeling in new zealand and australia. from thence commonwealth and separation. familyrips by the royal -- if you look back over history, the queen, prince charles, diana all went to australia. and had singular success. this has been the most successful so far. >> i just thought it was stunning. >> that's the thing about b

sony never recovered. >> no, they haven't. >> sony was when you were in the '80s, the first thing i boughti had my -- paid down my student debt was a sony boom box. >> you could argue -- >> yes, i did. i bought it at 40 -- >> i don't believe that. >> come on. >> it's true. >> you did have a lot of hair back then. >> different. >> i had a lot of hair not a lot of money. now i have no hair but a -- well. >> i want a picture of that. cramer walking up 42nd street with a boom box. >> i was so proud. goldman, just paid down my student debt with my first week of commissions and i went and got myself a sony boom box at 42nd street photo. 47 -- >> 47th street. >> 47th street. right. >> so long. >> yeah, it is. >> ages. finally, yelp up almost 7% as we mentioned before the open. 4 cent loss narrower than expected. revenue up 66. average monthly uniques up 30. >> right. >> vooers of upgrades today. >> 93% gross margins. the yelpers write all their stuff. internationals really going to be able to have leverage. they tossed toppleman wait until you see the back half. there have been a lot of companies

they announced sony together. they talked about it today, a sony store within a store. a samsung tv store within a store. these guys are taking share everywhere. they're outcomping everybody. everybody else is seeing much more business. >> back in january the stock sold off 30%, 35% over the two-day period in january and hasn't recovered. here we are, 26.5. nice day today. has the floor been put in in the short term? >> i think we're in 25 to 30. you would probably know the range better than i do. it's a tight range. everybody is waiting to see what happens this holiday. last holiday, walmart disrupted the holiday last year. some other things happened along the holiday. everyone is waiting to see what happens. i think you have some stuff planned for the holiday. still a rookie management team getting much more seasoned. i think this stock probably kind of stays relatively tight and you see the breakout in the holiday if they get it right or the vice versa. >> good to see you. is there a trade? you don't like it? >> no. one, a store within a store, i understand what they