good luck with the clippers. >> steve ballmer, real pressure. >> thank you, back to halftime >> thank, brian sullivan along with steve ballmer >> the time frame of this year, was that the right decision? >> well, i think he got a good price for it i mean the stocks have been on a tear i think on the desk, josh is the resonance act on the name. why not ring the bell? >> is he going to miss out >> i thought his answer is going to be good he's not an investment banker and being out there to try to find someone to buy it it is not what he does he got in and realized that there is limited amount that i can do with this and it is not my wheel house good for him and i guess he made some money, it sounds like he's having more fun o tn the clippes >> that brings you joy at least and at least you can watch a game we are entering the final hour of "trading" here. the dow is down 1.2% we are loclose there of the session's lows it feels weak. >> you guys are talking about how they are getting clobbered after you talked to pete, right? >> i think it is the dollars >> i think it is sun spots >> i me

. ♪ david: you now have had to follow bill gates and steve ballmer, two legendary figures. tya: look, the clear message was don't try to be like us. david: did steve say if you do this well, we will be happy? the result of having empathy made you a better ceo? satya: my pursuit is their a growing sense of empathy for people around me. david: do you get a standing ovation for what you have done? satya: no, i get a lot of people asking me, saying, hey, come and fix my computer. [laughter] >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? you have now had to follow bill gates and steve ballmer, two legendary figures. did you feel at that time you were really ready for the job following those legends? or were you sa

here when i see ads and the good story when i hear it's my name is elizabeth shaw and i work at steve ballmer. hi everyone great to be here again and today's show is our highlights edition with the best picks of the week he has a look at what's coming up. strength and focus on a monarchy the world's toughest cliffs. the fact than fiction an exhibition looks behind a very interesting.

chang.o to emily emily: i am here with steve ballmer.t to start with you on the topic, which is facebook. they have found themselves in controversy over a lot of things. what do you think facebook has done wrong? steve: admit what they have done wrong. they may be in a bad decision. . won't say they went wrong they had a fundamental proposition that everybody should be able to connect. that was a good proposition. what we are seeing is some of the downsides. we have to get on top of that quickly. we had a lot of great things happening. we had to get on top of all of the security issues. the question is not what they did wrong, the question is what will they do right to address the issues not only of their customers of regulators? emily: is it too little, too late? you have former facebook employer saying delete facebook. steve: if he just looked at last quarter's results, it would be hard to say it is too late. they have a lot of momentum. i don't think it is too late, and they are smart people. i spent a lot of time over the years and a

when steve ballmer paid 2 billion for the l.a. clippers, it whe four times previous record for an nba team. many say he overpaid. forbes puts the team's value at 2.2 billio the dallas coy boys are still the most valuable team in sports worth an estimated 4.2 billion followed by the yankees and soccer's manchester at 3.7 billion. tepper owns 5% of the nfl's pittsburgh steelers worth an estimated 25 billion. he needs to put up 35% ofca his for the panthers. he'll be selling his stake in the steelers for 135 million. he's worth 11 billion so theti deal will give him plenty of cash to change all of his steelers jerseys to blue. robert frank, "nightly business report >>> finally tonight, the man who first called wall street bond traders masters of the universe has died. author tom wolf famously chronicled america power and greed in the bonfire of the vanities. he immortalized the mercuryau astr in "the right stuff." he pioneered new styles of writing and hear poped catch phrases like the radical sheik and tom wolff was 88 years old. th

plus, steve ballmer's big stock move >> sold right near the high. isy.ee what he sold and wh th is the "closing bell" live from the new york stock exchange with kelly evans and wilfred frost. we're back in two minutes. mr. elliot, what's your wifi password? wifi? wifi's ordinary. basic. do i look basic? nope! which is why i have xfinity xfi. it's super fast and you can control every device in the house. [ child offscreen ] hey! let's basement. and thanks to these xfi pods, the signal reaches down here, too. so sophie, i have an xfi password, and it's "daditude". simple. easy. awesome. xfinity. the future of awesome. >>> welcome back to the "closing bell," i'm wilfred frost let's have a look at the laggards today pfizer down, merck down, and, of course, we've seen other drug stocks rise today on reports around certain cancer drugs. mcdonald's down 2.25% after a great day yesterday. >> overall temperature of the market, dow's down 138 points now, and russell hanging on to a gain of four and a half points small caps down 2% in three months so it's been

. ♪ emily: earlier, we caught up with former microsoft ceo steve ballmer and talk about his outlook on companies. he says he is optimistic about facebook after its latest learning results despite the controversy. steve: if you look at last quarter's results, it would be hard to say it is too late. they still have a lot of momentum in their business, in the user account. i certainly don't think it is too late. they are smart people. i spent a lot of time over the years, a good amount of time with sheryl and mark. i think they will be very resilient. emily:years, a good amount of te with sheryl ballmer also explaiy he sold his entire roughly 4% stake in twitter. steve: i actually sold my twitter stake. emily: all of it? steve: i'm sure i own something index funds. but i did. i decided i am not really excited to be an investor. great thing to do but probably not for me. b, the price was pretty good. thrive ceo arianna huffington has been touring the globe on a mission to transform corporate culture. we discussed how much progress she has seen and where she things companies need to do more

emily: ballmer explained why he sold his roughly 4% stake in twitter. steveld my twitter stake. i am sure i own some in index funds, but i did. i decided that i am not excited as a profession to be an investor. a great thing to do but not for me. and the price was pretty good. emily: we also caught up with ariana huffington. she has been touring the globe on a mission to transform culture. she talked about how much progress she has seen and where she thinks companies need to do more. ariana: they have made tremendous progress because finally companies are recognizing that it is not about culture jumping business imperatives but about culture accelerating business imperatives. culture is now seen more and more as absolutely essential for the success of a company. at thrive we call culture the company's immune system. if the culture is compromised, it will be much harder to deal with problems, to be able to see disruption, to see the icebergs before they hit the titanic. culture is no longer the exclusive province of hr. emily: a group of google and facebook em

now, to the milken global conference where we caught up with steve ballmer.talked about his outlook on big tex. he is optimistic about facebook earnings. >> if you look at last quarter's results, it would be hard to say that it is too late. there is still a lot of momentum in their business. i don't think it is too late. they are smart people. i spent a lot of time over the mark with both cheryl and and i think they will be very resilient. sold: he explained why he his roughly 4% stake in twitter. >> i sold my twitter stake. i am sure i own some in index funds but i did. excitedd that i am not about their profession to be an investor. a great thing to do but not for me. and the price was pretty good. emily: we also caught up with arrieta huffington. she has been touring the globe on a mission to transform culture. she talked about how much progress she has seen and where she thinks companies need to do more. >> they have made tremendous progress because finally companies are recognizing that it is not about trumping business but about culture, accelerating bu

and los angeles clippers owner steve ballmer. first we have to get back to breaking economic data. julie hyman is your. julie: manufacturing index inling to a nine-month low april. fromfrom the 59.3 rating march year. it looks like the measure of production was down to 57.2, the lowest level since november 2016. rose fors-paid gauge the sixth consecutive month to the highest since april 2011. it looks like inflation is one of the things that is weighing on this manufacturing number here. by the way can we got construction spending month over month. that is the much number. -- march number. here of worse than estimated numbers on the manufacturing front. if you look at the major averages today, they were already trading lower, mostly to do with earnings come although that number not great on the economic front. also looking a cruel can we have been watching it closely on the developments in iran. it is falling today as we await a decision on the iran deal, which is set to come in a couple weeks time. digging a little deeper here, as we look at predictions for what the market is goin

paul: former microsoft boss steve ballmer has bailed out of twitter, saying the price was right and doeseally like being an investor. he bought 4% of twitter and the shares more than doubled since then as the company rebuilt credibility with investors and advertisers. despite the sale, ballmer remains bullish about twitter in the long run. betty: next, we will take a closer look at apple's latest results with the guest who questioned the ability to make up the slowdown on iphone sales. this is bloomberg. ♪ we use our phones and computers the same way these days. so why do we pay to have a phone connected when we're already paying for internet? shouldn't it all just be one thing? that's why xfinity mobile comes with your internet. you can get up to 5 lines of talk and text included at no extra cost. so all you pay for is data. see how you could save $400 or more a year. and get $200 back when you sign up for xfinity mobile and add a new line of unlimited. xfinity mobile. it's a new kind of network designed to save you money. click, call or visit an xfinity store today. is 5:30 a.m. here i

rosswill be there with mr. , arrieta huntington, and steve ballmer on basketball.g surveillance." francine lacqua in london. i am talking in new york. made a today. like two thirds of the country shutdown today. francine: we have stripes, just , theng people celebrate only day we can sleep in by asking for more holidays and pay. tom: head of global rates strategy at oppenheimerfunds, brian levitt. there is this great summer mystery of technology in america, the impact of technology on our economy and your world. is technology suppressing the real rate? the bottom line, technology feeds into wage growth and all that, is a keeping the real rate down? it feeds into inflation growth. it is freezing productivity breast-feeding productivity. -- it is feeding productivity. actually making a large part of the workforce useless. tom: it is a great earnings season once again. technology is the reason. brian: it is a very good earnings season, not just on the bottom line. not just the tax cut, sales look good. we don't see any cyclical inflation in the u.s. we have a tight la

former microsoft boss steve ballmer has bailed out of twitter.r and the price was right. the company rebuilt credibility with investors and advertisers. he is bullish about twitter in the long run. >> i sold my twitter stake. >> all of it? >> i own some index funds. i decided i am not really excited to be an investor as a profession. it is a great thing to do, but not for me. rishaad: more breaking news wherever you are. tic toc by bloomberg on twitter, a global news network designed for social media, with live video coverage and updated reports that are verified. @tictoc by bloomberg. facebook looks to move past data and onto a date, next. this is bloomberg. ♪ rishaad: let's have a look at facebook and mark zuckerberg, striking an optimistic note that these developers conference. being appswill keep , despiteools he uses the reputation for fake news and hate speech. all, how does this play out with companies like match, in this space? they took a bit of a pummeling in the session. >> facebook is the original dating company. it popped up on colle

having a bill gates, a steve ballmer, great engineering leaders at our company spending so much timeing out how to prepare for a deposition how to defend themselves on the witness stand. how to implement this, that or the other thing. and you look at the early 2000s. we missed search >> kara gave him a hard time for missing mobile phones. we're going to hear a lot more about antitrust today when randall stevenson of at&t takes the stage along with airbnb and we'll bring you all that during the course of the day and the sound, highlights of tomorrow morning. but i thought a candid assessment of microsoft's past and the things that got lost in the mix while they were fighting that >> yeah, i agree and so many things now righted under mr. nadella with the focus on cloud carl, thank you. we'll check in with carl from ranchos palos verde. it immediately invokes -- makes me feel good >>> when we come back, oil prices have been hitting the pause button this after what was a big drop yesterday. but, of course, what has been a significant rise overall in oil prices over the last few months. w

are the ultimate trophy asset they generate cash, status and of course that long-term value when steve ballmeraid $2 billion for the clippers in 2014, it was four times the previous record price for any nba team lots of people said, well, he overpaid forbes now puts the team's value at $2.2 billion. the dallas cowboys of course are the most valuable team in sports worth an estimated $4.2 billion followed by the yankees at $3.7 and man u at $3.7 as well. there's no sign of any price constraint despite all the concerns about broadcast rights and the internet encroaching on their turf. >> and these teams, especially in the nfl, they do not come up for sale very often. >> that's true this is the first one this year and the first one in four years. >> in four years. >> talk about timing, here right? this was all presumably negotiated and then you've got this landmark decision from the supreme court and, bam, the value goes up. >> he must have known that it was possible, right? >> a lot of people thought it was going to pass. >> but it was at $2.5 in the bidding and then it came down in the past cou

this is my advice, don't hire steve ballmer to run your company. sally: iwhat i have written about is that monopolies amplify gender inequality. i am not advocating for us to look at gender inequality and say, we need to alter our analysis. we have there weak antitrust enforcement as we have had the last three decades. we are in a very complicated economy and inequality is one of the results of a concentrated economy. i don't think we need to change our antitrust analysis. we are using the same principles we have always used to say, is there a level playing field for competition? is there foreclosure that is happening? when we start enforcing we willt laws again, see greater equality. i don't believe this has changed our way of analyzing antitrust. we will see greaterjames: if we had to e today and work within the existing narrow doctrine, what conduct has the highest likelihood of success? for any of the aforementioned companies? >> google in the european union. it is happening in the united states, too. luther: did you accept the tying of apps as