satya nadellafor is no one expects them to be steve ballmer or wants them to be. is now having to deal with the tug-of-war over strategy. cofounder bill gates initially disagreed with ballmer's plan to make mobile devices. it didn't help that the microsoft surface tablet was a nadella, they have chosen a -- years atwendy two microsoft. he ran the company's rmb unit before ballmer named him the head of the server group. he reengineered that business into the unit known today as cloud and enterprise. under his leadership, it has risen to number two worldwide in cloud computing behind amazon. nadella is seen as someone who can help microsoft innovate faster as it tries to navigate the post-pc world. still count on windows and office, microsoft's two big money makers. so what does today mean for the future of microsoft? we have a group of special guests to discuss. from framingham, massachusetts. -- ave a former microsoft executive who reported to nadella for many years and cory johnson who is live at the event. michael, i would like to start with you. why did nadella

the good news is, no one expects him to be steve ballmer, or for that matter wants him to be. having, and adele as now to deal with the tug-of-war over strategy. cofounder bill gates initially disagreed with ballmer's land to make mobile devices. it did not help that their tablet was a dud. iker soft promoted a manager who has proven himself on both the business and tech sides. he's an electrical engineer from india who got his mba at the university of chicago. he spent 22 years at microsoft heard he ran the company's r&d unit before ballmer named him head of the server group. he ran -- he reengineered that business that is now known today and enterprise. he is seen as someone who can help microsoft innovate faster as it tries to navigate the post-pc world. in the meantime, he can still count on microsoft's two big moneymakers, windows and office. quacks so, what does the future of microsoft look like with a sock and adele -- with satya nadella? i started by asking corey, who was outside the event here in seven cisco, whether nadella deserves credit for the company's push into

the good news for satya nadella is, no one expects him to be steve ballmer.or that matter, wanting to be. -- want him to be. satya nadella is happy to deal with the tug-of-war over strategy. initiallybill gates disagreed with steve ballmer's plan to make mobile devices. it did not help that microsoft surface tablet was a dud. satya nadella microsoft promoted to manager on the business and tech side of the company. >> i'm a lifelong learner. >> is an electrical engineer from india. at microsoft.ars he ran the company's r&d unit before steve ballmer named him the head of the server group. he reengineer that business into the unit known today as cloud and enterprise. under his leadership, it is risen to number two worldwide in cloud computing behind amazon. the dela is seen as someone who can help microsoft innovate faster as it tries to navigate the post-pc world. in the meantime, he can still count on microsoft's two biggest money makers. windows and office. >> it is time for a look at what we're watching for the rest of the day. we're joined by jon ferro in t

>> steve ballmer joined microsoft as the 30th employee. if he grew the business to a titan of technology. the 30 employees became 100,000. he took the reins from bill gates at the turn-of-the-century. steve ballmer is a very wealthy man. he is worth $18 billion. in february, he left as chief executive. now, we present the oxford union debate. this is one of the most famous debating chambers in the world. this is one of the biggest speeches of his life. [applause] >> well, thank you. it is a pleasure to be here. i am nervous. this is a big speech for me. this is one of the biggest of my life, in fact. you are looking at me like i am nuts. i left microsoft a month ago. this is the first speech i will give and maybe the last if it does not go well. i am a little nervous. what do you talk about now? i want to pick themes that i would have talked about when i was at microsoft. i am clearly the former ceo. i want to speak about things that i would say upon reflection that i learned about business. we will see how that goes. i joined microsoft 34

. >> steve ballmer joined microsoft as the 30th employee.ew the business to a titan of technology. the 30 employees became 100,000. he took the reins from bill gates at the turn-of-the-century. steve ballmer is a very wealthy man. he is worth $18 billion. in february, he left as chief executive. now, we present the oxford union debate. th

>> steve ballmer joined microsoft as the 30th employee. he grew the business to a titan of technology. the 30 employees became 100,000. he took the reins from bill gates at the turn-of-the-century. steve ballmer is a very wealthy man. he is worth $18 billion. in february, he left as chief executive. now, we present the oxford union debate. this is one of the most famous debating chambers in the world. this is one of the biggest speeches of his life. [applause] >> well, thank you. it is a pleasure to be here. i am nervous. this is a big speech for me. this is one of the biggest of my life, in fact. you are looking at me like i am nuts. i left microsoft a month ago. this is the first speech i will give and maybe the last if it does not go well. i am a little nervous. what do you talk about now? i want to pick themes that i would have talked about when i was at microsoft. i am clearly the former ceo. i want to speak about things that i would say upon reflection that i learned about business. we will see how that goes. i joined microsoft 34 ye

>> steve ballmer joined microsoft as the 30th employee. he grew the business to a titan of technology. the 30 employees became 100,000. he took the reins from bill gates at the turn-of-the-century. steve ballmer is a very wealthy man. he is worth $18 billion. in february, he left as chief in february, he left as chief executive. now, we present the oxford union debate. this is one of the most famous debating chambers in the world. this is one of the biggest speeches of his life. [applause] >> well, thank you. it is a pleasure to be here. i am nervous. this is a big speech for me. this is one of the biggest of my life, in fact. you are looking at me like i am nuts. i left microsoft a month ago. this is the first speech i will give and maybe the last if it does not go well. i am a little nervous. what do you talk about now? i want to pick themes that i would have talked about when i was at microsoft. i am clearly the former ceo. i want to speak about things that i would say upon reflection that i learned about business. we will see how that

listen to it steve ballmer had to say. >> a lot of those misses are forced to do a second trick or you die. if you do not do your second trick, then you should do every trick, but really, the history in businesses, most people do one trick and run with it as long as it works and then fade out. we were fortunate. how do you take microprocessors and push them in and do the back end automation of businesses. i think steve is understating the number of tricks microsoft had. i think the tricky is referring to is the second one is the third one, the ability to win in the enterprise. a $20ave now hoped billion server and tools business over the past 15 years over his watch. for a world of tricks. you have to keep knowing. where are we going with the future from the shift to pc to mobile? >> clearly he wanted to make any the right thing to be doing. suggestion about the for any incoming ceo along the process. >> i think it is hard for technologies companies to be successful if they are not ambitious. the one thing that i talked to everyone about was how ambitious they were for microsoft. ambit

vintage steve ballmer, the former microsoft ceo shares his patented doozy as him with students at oxfordthis is a bloomberg exclusive. politics, have you listened to harry reid lately? he is mad as hell and he will not take it anymore. a dish, a deal that shakes up the tv business. luxury, apple plus for our eight equals killer branding or marketing mistake? kicking it off with what everyone is talking about, another day in ukraine. >> a number of forces have been to floyd in crimea. we cannot figure out why russian boots are on ukrainian ground. it is crystal clear that it was ordered personally by president putin. >> the ukrainian prime minister there. russia, defying demands from ukraine and the west to loosen its grip on crimea. troops have been on the ground in the region since the weekend. the ukrainian prime minister has had enough. >> this is ukrainian territory. russia wants to grab control of crimea. i would deny them. we will do our best in order to regain control of the ukrainian territory. >> it is more of the same in paris, where the u.s. secretary of state, john kerry, is

you have seen steve ballmer retired from the company. how much was his own doing? how much was the board asking tougher questions? >> the issue quite frankly for us is about focus. one of the reasons why we chose satya nadella has a strong background. we are excited to watch the next few months unfold as he builds his strategy to reject the company. >> absolutely. so much will focus on the cloud. the types the company that find the cloud attractive want fast service providers, quick service providers, flexible. how is microsoft going to be more nimble to cater to this consumer? >> microsoft has certainly demonstrated inability to provide how based web form on which others can build applications. on top of that, 365 is a very successful cloud-based application. the combination provides a foundation on which microsoft can clearly grow its cloud-based business. it is focusing on how we we can become more relevant to consumers. it has a strategy launched about a year ago now. it is very much a part of that. it'll be interesting to see how sfatya augments that. >> what

you can say a lot about steve ballmer, but you cannot say he did not have energy when he got up there and spoke. so much energy who is often sledding pretty heavily. today, did youit feel a similar kind of energy had channeled it a different way? how different will he be from his predecessors? >> my open question is not whether or not steve was a better salesman were that they could be very different. who is the buyer? who is the chief decider? in ait be the consumer world where the consumer decides i want this new ipad thing to work in my office and the corporation follows, or will it still be the people steve ballmer is selling, to whom he is calling to demand a meeting? that is the open question and i do not think we know the answer to it. is one he will have to figure out. >> in seeing them, they stand in wouldst to each other. you say there is more of a cool factor he is bringing to the marketplace that might be advantageous? >> that is a low hurdle, but absolutely. there is definitely a cool factor. point -- >> a low bar, i know. >> the future is about these kinds of convincing

. >> former chief executive of microsoft steve ballmer talks regret and what keeps him going. industry.hed an i was many people who was a part of it and i feel good about that. >> hello. welcome to "countdown." it's justna edwards gone 6:00 in london. let's start with the chinese story this morning. setting the same growth target for this year that it did in 2013, 7.5%. they made the announcement at the annual meeting of the legislature in beijing today. stephen engle was there. let's go to him now. give us the headline. >> good morning. i want to set the stage. this is a very rare occurrence where we can broadcast live from the heart of the chinese capital . this is the forbidden city and to my left is the square. here is the great hall of the people. we have turned the camera around a little bit because of the sunlight. this is the halls of power and where the premier just spoke and morning a few hours ago gave you those headlines, keeping the target for the full at 7.5%.th rate does this matter? it's a symbolic number but it does have meaning in the sense that many economis

stock up about 8% since he took the reins from steve ballmer last month. with this in the meantime, you go upstairs and walk around at the event, they've color-coded m&ms to look like the microsoft logo. back to you. >> thank you so much, morgan. >>> diving deeper into what is a major event for this company. jon fortt joining me here on the floor of the nyse and matt mcilwain with us as well. both jon and matt correctly called early in the race as mr. nadella being mr. balmer's replacement. you scored the big sitdown with mr. nadella as well. terrific to have you both here. matt, start with you. what are you expecting and how significant will be the office 4 apple event, if indheed does occur? >> i think we'll see announcements around the ipad and more importantly, the idea that microsoft's applications and services need to live on lots of different types of devices. because we're in a world of mobile and cloud, which is a world of mobile and cloud. i think that under satya's leadership they understand that in a way that maybe hasn't been fully embraced in

bill gates is still chairman, but the ceo, steve ballmer, opposes the initiative, which is why they'reionaires. is it awkward? >> the word "awkward" fits, yes. >> ballmer's side argues that the "soak the rich" tax would stifle high-tech innovation and lead to businesses moving out of the state. we asked microsoft, amazon, and boeing for interviews, but they all declined. businesses are saying they'll leave. >> yes. the real truth of the matter is that the people that own businesses are the people who will be paying the tax, and my analysis is, they don't want to pay the tax. >> the rich guys don't want-- >> the rich guys don't want to pay the tax. >> are you saying you just think they're greedy? >> no, because it... [chuckles] no. they're defensive. they're--i guess you could call it greed, i suppose, wanting to not write another check, sure. >> steve ballmer? >> yeah. >> he's worth $14 billion. you don't think-- >> he's a very fine guy too. the fact of the matter is, there are 43 states in this country that have a state income tax, and in those states the microsofts or the abcs, whate

. >> quite a change in emphasis from the steve ballmer days. >> read in a couple of their reports, they say this could really put rusher on the pricing out there at the moment for businesses in terms of accessing their data online. managing corporate data. it is a strategic move. it will allow you to manage your data. that is interesting. but what will it cost the customer to use these products on apple technology? on the cloud? there is one pricing model. >> free me him. -- freemium. a new word in the microsoft dictionary. your powerpoint, your word, and your xl. editing, itto do will cost $99 -- want to do will cost 99 dollars. we are used to downloading and paying a small fee. $99 is a hefty fee. free to view. but is that risk that they are taking. >> i want to talk about the nokia business they bought. the rationale for buying a nokia phone is they get better functionality with the office suite. now you can get all this on your ipad and iphone. >> they will make an announcement on the i'd. -- the nokia side. >> thank you very much. another deal for facebook. they are looking at deli

steve ballmer and the full speech will be on bloomberg presents and that is coming up on the weekendevision. come, we are joined after the company warns that 2014 will be significantly impacted by currency effects. >> good morning and welcome back. you are watching the pulse. we have the stock exchanges under pressure as we speak. alwaysted arab emirates draw their ambassadors and this is as a result of what is being reported and failing to meet obligations that relate to the security. we goe more details as through the morning. we have pressure on the markets right now. has a 7.5% growth target and there is concern that the country faces unsure corporate bond defaults this way. we talked to the head of emerging market research and it is great to have you on the program. we know what is coming and we should not be surprised by it. you are exactly right and we should not be surprised because it is something that the weernment wants to have and had in the past a state or local governments or a public asset manager. we had the default situation we calibrated the default and it allowed i

great interview with steve ballmer. you can see the speech in full on the weekend television. pulse and it is the i'm joined by guy johnson. we talk about the ukraine and we talk about banking. >> let's talk about the ukraine and they are going to give us analysis and we are going to hear from a man who formerly ran this country. the former president is obviously the guy -- and advice would he give what happens next? relations with russia and so many things to think about. that is coming up. in terms of corporate news, added assets and recently re-signing until 2017. has ana big plan and he issue in russia. he completed a distribution center and all these things are going to come together. >> i'm looking forward to the program. the numbers and -- by davidd from lee. and what markets were they referring to? >> i want to talk about something else. very briefly, before i get onto the currencies, we did not three -- we did not see 3.5 in the share price. it is now down a tad. why is that? let's talk about the currency. if you have a look at where the sales come from, you can see t

steve ballmer was a salesman. >> we just saw that.eting with customers, that is what he does. he loves to walk in the ceos office and say, update your systems, buy more computers. it was anhs ago, atrocity. you did not answer your questions. >> i did a crummy -- >> no, it was not you. against theng up strongest defense in the history. >> how will your interview be with the new guy? it will be totally different. >> addressing some of the biggest changes in technology, which is a move away from the things microsoft did, which is selling software to pcs. the pc is going away. >> pcs dinosaurs. let's move onto another industry some say risible dinosaurs -- thinking. --ns for an ipo yesterday plans announced yesterday for an ipo. erik schatzker joins us with the details. this is a boutique investment bank. >> i've a question for you, scarlet. why is moelis and co more like google than bowman sacks? >> i've never heard that comparison. >> the most interesting thing about his filing as he was to create a class of super voting stock so he alo

. >> the good news for satya nadella is no one expects him to be steve ballmer or for that matter wants him to be. in fact, ned dela is now having to deal with the tug-of-war over strategy that hovers over microsoft's ceo. it did not help that microsoft surface tablet was a dud. in satya nadella, microsoft promoted a manager who has proven himself on both the business and tech side of the company. he is an electrical engineer from india who got his mba at the university of chicago. he has spent 22 years at microsoft. he ran rmb before he was named head of the server group. he reengineered that business into the unit known today as cloud and enterprise. under his leadership, it has risen to number two worldwide behind amazon. he is seen as someone who can help microsoft innovate faster as it tries to navigate the post-pc world. in the meantime, he can still count on windows and office, microsoft's two biggest money makers. >> so, just how much will his move onto apple's platform -- what impact will that make? for more, i am joined by adam, who covers apple for bloomberg. this sounds good

steve ballmer cooked this up before he left. >> but there was consistency in the message to you is beenaying mobile first, without first. -- he has been saying mobile first, cloud first. it is actually significant push. he handled the discussion well and it was a consistent, bold move. >> by the same token, is also a condemnation of surface? didn't work, we have got to go to the ipad now. >> there is no way to deny that surface -- i have used both products and i prefer office on the ipad. >> whether you prefer apple or not, microsoft is everywhere. windows xp powers atms, though that could change. >> the biggest fear of getting robbed at an atm is probably from the person queuing behind you. but soon it might be from a hacker sitting behind the computer. unknown to many, nearly all of the world's cash machines are operated by microsoft and those at the -- microsoft windows xp, which runs on many computers. it is also 12 years old. microsoft is pulling its support for the aging software in favor of newer programs. this could mean a high-risk digital attack for those customers which haven

microsoft's former ceo steve ballmer says he is sorry he did not combine hardware and software development sooner after the company missed out on apple's smartphone success. he spoke at oxford university. radioshack shares hit a four-month low following fourth-quarter sales that trailed analysts' estimates. the electronics retailer plans to shut down 20% of its stores. >> russian president vladimir putin says he sees no reason to send russians further into ukraine but he is also keeping the use of force on the table in a showdown with western nations. president obama said it is putin who must step back from the brink. peter cook has the very latest. it sounds like people are trying to turn down the heat a little bit. >> trying to at least at the margins. an effort by vladimir putin to turn down the bid. tensions are still clearly running high and a resolution to this crisis appears a long way out. putin started the day by holding that unusual news conference where he defended russia's move to bolster its military installations in the province of crimea. he says there is no need for russian

vintage steve ballmer, the former microsoft ceo shares his patented doozy as him with students at oxfordoomberg exclusive. politics, have you listened to harry reid lately? he is mad as hell and he will not take it anymore. a dish, a deal that shakes up the tv business. luxury, apple plus for our eight

sandra: this was microsoft former ceo steve ballmer. they were not keen on his results.rosoft shares pretty much flat for 10 years. while straigh street feeling pry optimistic about microsoft new ceo who made his public to be a couple hours ago. how did he do, what are the biggest takeaways from that? joining me now, managing director and senior analyst. daniel, what is your take away from today? what was the biggest headline for you? >> office for ipad. opening up the platform. we view it as a three to $5 billion opportunity. feels like there is some fresh air. you have a ceo willing to make the changes. sandra: why is it such a big development for microsoft? >> that is where they are at. it has been very late to the game, this is a big opportunity, but the first signal of more things to come in terms of what we will see on the cloud, on mobile and on windows nine. sandra: what was your take on the first public appearance? he has a lot of energy, it is a big change. >> that was part of it. the polo shirt and the small states, tribes be more of a silicon valley than a bu

meantime steve ballmer is back speaking at graduate students at the university of oxford.ht to be a brand proposition that if we run the company correctly can last 20 30, 50 years or more. i had a bunch of guys at microsoft, you know we were going through angst five or six years ago. what do we want our brand to stand for. you know let's face it apple hassed a a good run recently and apple srk quote, cool, unquote. unquote, quote. your choice. >> i love that sound bite. jon, a mia copa of sorts? >> this is clearly a guy who is not ready to retire. you can still see the energy in him. you can still see the fight morefor microsoft. he said he would do mobile differently and combine hardware and software earlier. he was against it. really interesting the way he's talking about microsoft and what they should be if they play their cards right. he's going to be a tough board member for him to deal with. >> yeah. it's interesting. growing up we were told microsoft smart debundle hardware and soft wear. apple, stupid. right? the tie basically reverse the mobile and now ballmer com

steve ballmer enjoying all this retirement. million shares of microsoft meaning he made $300 million today, such a great way to start the weekend. also making money alan mulally made $23.2 million last year, up 11% from the $21 million a year earlier. among the best compensated auto executives ever in the past three years, earned a total of $74 million mostly in stocks. losing money dominos, six domino pizza franchisees' in new york will pay half a billion dollars altogether to settle charges that they cheated employees out of pay. the state attorney general says the business owners paid their workers $5 an hour and refused to compensate them for overtime. gas stations -- the most connected man on earth at any given time, he utilizes 700 systems at once to monitor his every move. you might think he is the closest thing we have to real-life cyborgs. chris and his 700 sensors are here and one question for you, why? why all these sensors and monitors? >> five years ago started looking at the employment situation in the united stat

we've seen this stock up about 8% since he took the helm last month from steve ballmer.ing flat. down slightly. we're going to keep an eye on him and what he has to say. and how the street reacts in just a little while. back to you. >> morgan, thanks so much. look forward to that. >>> shares of old tech names like microsoft are weathering the storm better than their social counterpart. top tech investor dan niles of alpha one capital partners joining us now. it's great to have you on "the half." what we've been talking about with morgan and expectation of what nadella is going to bring today. microsoft shares are at the highest level since 2000. are they a buy here in your mind? >> you know, i would say microsoft is better positioned now than it's been a in very long time. i think a lot of it has to do with nadella. you and i have talked before about how microsoft has 90% plus share on pcs but less than 5% share on tap bracelets ablets a smartphones. nadella is saying we only sell 5% of the market on tablets and whan we expect today is to be able to sell the applications

one night, he passed by gates' office and overheard him talking with steve ballmer, who'd been hiredhelp run the company. what were they saying? >> they were basically talking about how they were planning to dilute my share down to almost nothing. and it was a really shocking and disheartening moment for me. >> and you were sick. >> i think i was still probably in the middle of radiation therapy. >> he burst in and interrupted them. he says they were trying to cut him out and rip him off. >> and of course, steve came over to my house later that night to apologize. >> he did? >> he did. >> but bill didn't come. >> no, he sent steve. >> he sent steve. it wasn't steve. he sent steve. >> well... steve's the one who came. >> shortly after, allen left, but he got to hold on to all his shares. it's hard to feel sorry for him. he was 30, cured of cancer, and owned nearly a third of microsoft. so you built this building? >> yeah. >> after the company went public, allen became one of the richest men on earth, at one point worth an estimated $40 billion. gates would spend another two decades ru

vintage steve ballmer, the former microsoft ceo shares his patented doozy as him with students at oxforde. politics, have you listened to harry reid lately? he is mad as hell and he will not take it anymore. a dish, a deal that shakes

steve ballmer announced one microsoft initiative last july so i see this as more refinement.rs with this new ceo when its operating system, whole operation is up to speed. i would like to see some data. it is a decent stock i like it, i don't love it. this is not a catalyst. stuart: when you are close to being removed from this program permanently. chipotle says global warming could take guacamole off the menu because of the rising cost of avocados. the company is calling this nothing more than routine risk factor disclosure. what do you say to that? >> they're hitting a new all-time high, $589 a share, 52 we, 70% gain for the stock and one thing to point out, they are studying the drought in california, what some call the guacamole apocalypse which might have as much as a pre yankee's computer. they can get avocados from mexico, we are the fifth largest producer of avocados so when they have in their sec filing a respected disclosure they might have to discontinue guacamole, don't count on it. stuart: that was really telling. we like that. lower profits, lower sales, disappo

not as well known, taking over a company that has had so many big personalities -- bill gates, steve ballmer it much harder for him to prove his success? >> when you have an established theyny like microsoft, have so many organizational habits that have been formed over a long time. >> are they still innovative? >> i am sure there are pockets of innovation that still happen, but it is so large that they probably get overshadowed by the mainstream vector the whole mother ship is on. when you have had these really big long-term businesses is very difficult to innovate in a way that can really replace or supplant that. >> at that point, what should be done? should the company be broken up? how do you refresh the innovation cycle? 10 years, last five-to- we saw apple do that. they were focused on the pc, then they went into a new market, music, and that was a radical shift to create a new business model. >> not breaking up, but going into a different model. >> you have to have the courage to get side -- outside of the >> you have been in and recognize -- thatg that has been will be as big in the

satya nadella who replaced steve ballmer will address the media and industry executives in san franciscoinvestors have urged microsoft for years to adapt office for mobile devices from apple and google rather than shackling it to windows as pc sales have declined. they've been sacrificing about $2.5 billion in revenue as a result of all this, so if you can't beat them, join them. >> yeah. i think this could be a glasnost period of microsoft. there's great stuff in the steves jobs biography about how they feel about microsoft and they are hopeless. do i think it's hopeless? a new guy comes in and a new broom sweeps clean. if that's true why isn't mark ballmer exiting? and i can say that because i was a ballmer buddy crony from college. >> this may have happened sooner if not for some reported internal divisions over, you know, whether this was the right way to go or not. and that tells you that even though there's a new ceo, there's still some of the old in microsoft. >> very much. >> people are not willing to take that big leap forward yet. >> no. that's why the stock goes up incremental

steve ballmer had cooked this up in the weeks before he left. courage and lot of there was a lot of consistency in the message. he has been saying, mobile first, clout first. iosle first on tablets is first. mobile first on tablets -- phones is android first. >> it is a combination of surface. effectively. >> there was no way to deny that the surface did not work. i prefer office on the ipad2 office on surface. to office on surface. >> what is a question you would ask a technologist about microsoft? >> why does it take so long to get these things done? >> one of the big changes they have made right now is that microsoft has traditionally been last -- let's integrate all our innovation. they freed them up. you do not have to worry about windows and these other things. it is a complex business driving this out. you have a billion office users across the world. different devices. >> it is a strategic company. it is not like there was a big technological hurdle. >> this is definitely a strategic discussion and it was all about preserving the existin

. >> cory johnson did that wonderful interview with steve ballmer.ck is probably up 30% from that point. >> a lawyer and a salesman. 809 foldngs have grown on microsoft -- eight or nine fold on microsoft. now it is 10, 11, 12 times earnings. >> it is old tech, when it comes down to it. it's take a deep dive into new tech. apple. it has been 2.5 years since tim cook was named ceo. $171 billionang up in sales. it is also clear that apple has lost some of its luster. before we get started, tim cook called the reporting in your book nonsense. he dashed a lot of the things that you say. he said the book fails to capture apple, steve jobs, or anyone in the company. are you pessimistic about apple's future? >> i just think that apple is in a place where there caught between not wanting to -- wanting to stick to the way steve jobs -- steve jobs' vision of apple and saying that apple has not changed, when everything an apple has changed. i do think it is struggling a little bit. >> it is struggling a little bit. tim cook is the ceo. a lot of people do not to

is it up because steve ballmer is leaving?nally they are introducing a product for ios. office is going to be on your ipad and that will make a huge difference. it is recommending that this is a multiplatform world for computing. >> you mentioned keynote when we were on break. apple has become too cluttered, a real opportunity for microsoft. >> iwork was introduced as a way of taking away is this from office, but now keynote and some of the other programs, they have fallen way short. >> michael wolf, thank you so much. >> let's find out what the twittersphere thanks. ew. >> it's great, really? >> i think that is sarcasm there. >> i don't know. there are glitches -- >> we will see how it plays out. , thank you so much for joining us. >> exciting day. >> "in the loop" is next. ♪ >> good morning. it is thursday, july 27. we are live from bloomberg world headquarters. you are "in the loop." i am alix steel, in for betty liu is -- betty liu. president obama met with pope francis. said european leaders remain united. >> if the russi

there were bidders there, and don't tell me that, you know, suddenly microsoft had an epiphany and steve ballmery a year and a half later, wow, wow. we're going to pay 6 billion more. oh, it was only 2.7. i'm glad you guys are making all this money. let us pay 8.5. well, they owe 30% of it. so don't tell me that there were no bidders. i don't care what anybody says. i want to ask you a question. how do you know there were no bidders, ross? how do you know that? >> i remember reporting at the time, talking to the people behind the scenes who were working on -- they were hoping to be an auction and, in fact, it did not appear -- there seemed to be only two bidders at the time. neither of which were coming up with a terrific price. and therefore, you know, to me, it becomes harder to argue that microsoft was there. i don't remember microsoft being there at the time. and that's what i think has some people raising some questions. let me read you something. by the way, you mentioned forest labs, carl. and if you remember back in 2011, there was a bit of a debate. you were trying to get some of your n

bump up here for mark penn, making him chief strategy -- look, he's an old friend of mine and steve ballmerent to school together. he was democrat of operative with clinton. so this guy to move up is to say, wait a second, i'm sure say some say is it business as usual? a guy who devised how people think about microsoft moves higher, not lower? to me sounds like maybe the change to misquote sam koch is not going to to come. >> nicely done. tesla today? >> jpmorgan we see this over and over again, the stock is overrun, using a metaphor there, jpmorgan raises price market. using 20/20 volume numbers, 20/20 foresight. instead of making 228,000, they'll make 288,000. i point out the ease which they raised $2 billion. >> one of the largest raises in quite some time. >> amazing. >> it is amazing. 1.25% on 7-year, not like they're pay you a lot of money, and up 40% on the conversion. >> this is -- i found this flabbergasting. i've got to tell you, i didn't give every single award on my friday show "mad money" to elon mu musk. i thought warren buffett would say, who's the next billionaire, i thought