he bought out the state-owned company. he's also trying to launch a new fashion label to highlight the appeal of mongolian cashmere to consumers around the world. >> translator: i'm aiming to develop a mongolian cashmere brand recognized by consumers across the globe that will sell in larger quantities. at the moment, i believe that italian brands produce the finest cashmere products in the world. i aspire to create a brand that will be able to compete in the future. >> the name of the first ever in-house gobi brand is the organic. under this new strategy, the company is aiming to win over high-end customers. a mainstay of the new brand is its line of coats. by 2020, gobi's goal is to 100,000 cashmere koetsz every year. in fact their catch phrase is from goat to coat. ♪ today the company is holding a meeting dealing with brand development. sales staff responsible for overseas markets such as china and japan give their opinions on appropriate inclusions to the product portfolio. >> translator: the major characteristic of the

how is playing out the companies -- playing into the dynamic of companies listing in the last half of guest: if you look get the one one thing the ipo needs, it is critical because as you are recruiting talent, you need to put real value in your equity by provide the liquidity for your employees. a lot of companies are looking to do that this fall through ipos others are working through , the nasdaq private market to find liquidity. we have had a record year as well. emily: are you excited about the private funding side as well? guest: guest: there has been a pullback in terms of expectations. those fundings will come with different liquidation preferences in terms. everything converts to common and there's a level playing deal. and talking about the tech companies, because that is your bread and butter, what do you see in the pipeline for the rest of the year? guest: we are excited to see companies go out and start exploring the public market. if you look at our win rate, we have run 80% of the tech deals that have come to market. we are looking to continue that through the fall. emi

with the orton is the company does well long-term. ecause they raise money at slightly lower valuation than they could have come in the big scheme of things, it is not a big deal. emily: do you think it will invigorate the ipo market? guest: it should. this year has been slow but successful ipos happen in the pop happens, more ideas become possible and more companies get brave enough to go out there and showcase what they have. toly: we will be expecting ipo to happen sometime next week. thank you for joining us. coming up, we will continue our ipo coverage. this week is turning out to be the busiest of year for public listings. and tonight for the next episode of our six part series, big tackling big thinkers, the biggest threats to the future of humanity from climate change to nuclear war and how to sell. this episode will focus on the financial crisis with warren buffett. this is bloomberg. ♪ emily: viacom announced today is cutting its quarterly dividend and have an planning to cap the debt market to produce liquidity. company is h

i know -- transform the company. twilio's got a $5.2 billion market cap. >> look, i don't like the rest of vonage. there have been three upgrades in the last four weeks. it is working, but i don't want to go overboard because like i said, the rest of the company is in decline even though the next company it looks like because that would on too promotional. dottie in. >> caller: hi, jim, i've been watching intersil corporation and wonder if it's peaked or it's a good buy? >> no. it's done. it's a great gain. you take that money and you go put it in nxpi, my charitable trust owns that. or nvidia, and i think -- or broadcom. they're all better. all that bad. it worked with sprint and t-mobile and with timeless content, rock solid leadership, and a big-time balance sheet, i think it works for disney too. and that's now a contrary position. much more on "mad" tonight. allergan. i'm talking with the company ceo's to give his take on the prospects. stock's been down and out. then while you weren't looking, a company with tec

the last company was bought by amazon. better than most people what the competition is like out there, but he has developed a concept that i think is, and the idea of being able to buy with other people and get great deals as a result, they might be able to build a stunningly business around that. emily: you worked at aol for a long time. what do you think of verizon buying them? >> i think it is a great opportunity. i think scale matters in this world, and with yahoo! and aol combined, it is a mobile media behemoth, and i think a lot of the customers that aol deals with on a regular basis are excited about having a third option in the world, so i think it is great. emily: as someone who ran brands there for a long time, do you think the yahoo! brand can be revitalized? can it have the cachet it once had? >> i think less about the yahoo! brand overall, but yahoo! has brands that have massive traction, and huge consumer love, whether it is yahoo! finance or yahoo! sports, or tumblr, and i think that is really the way that a

i'll tell you why the company could start printing profits. seem to have been ugly, at least to this market, but is their beauty beneath the surface? i'm investigating. and my conversation with lululemon's ceo continues. don't miss my sweat session with the ceo. stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to call at 1-800-743-cnbc. miss something? >>> when the old hewlett-packard broke itself up nearly a year ago, it seemed obvious that the hp enterprise, the higher growth business focused on networking, storage, servers, software services would be the big winner. well, hp inc., which got the slower printing and personal computer business, was a castoff, not even worth bothering with thanks to the seemingly unstoppable decline of the personal computer. on the first point, there's no recommending all along, it's been a huge success with its stock up more than 55% since the split, driven by a very capable management team and some s

now, the companies you're buying are almost basic research. the old days you put things through a pipeline, fire people, whatever. you were never mylan. you were never teva. but, brent, you put out our social contract with patients. all afternoon we had this heather bresch on talking about the epipen. i am worried that the brent saunders that i know, who is making money for shareholders, is deciding that what he really has to do is have a social contract that limited how much money he makes for shareholders because we're in a political war and you're the only guy who's taking it seriously. >> well, i wish others would take it more seriously. >> yeah, because they're not. >> watching this trial is very painful for the industry. >> right. >> that being said, we are a biopharmaceutical company. we compete on a couple really important dimensions, sales execution, new product launches, and most importantly bringing innovation from that medical need, cures and treatments for diseases. price should be a small part of the equation. we at allergan don't

i'm spending more time outside of the company. so i really need to rely on that team to be strong, cohesive. it's not about the ceo, it's not the entire company becoming a better company. >> let me say, using open source, anyone says i could start a talend, couldn't i, using the same software you're using? >> not exactly. there is open source companies where all of the companies are free. there is no commercial software at all. we are a combination of open source and proprietarproprietar. it is called open core. so the real key question in that scenario becomes what part of it is free, what does that solve, and what part is paid? >> let me hog the question, you chose nasdaq over nyse, is there one particular reason? >> there wasn't one, no. it is, for anyone in that situation, you should talk to both. there is reasons to go for one, reasons to go for another. we felt like it was a better fit for what we wanted to do. >> thank you for being with us. "press here" will be right back. >>> welcome back to "press here." this first versio

david: what is the company up to right now? success, yet it is finding itself in the midst of a legal pursuit. sam: correct. they did something savvy. a consultant to whistlepig, a man by the name of dave pickerell advised them what to do when making it. he identified a source of aged canadian rye that had not been used as anything more than a flavoring agent for other blended whiskeys. however, the original rye itself he found was of high quality, so they started buying that rye from a canadian distiller. then they started buying it in vermont and bottling it there. now they're trying to grow rye on their property, distill it on their property, and aged in barrels made from wood from their own property. so they have this sort of backlist of rye whiskey that they are continuing to sell as 10-year-old, 11-year-old, 12-year-old, and now they are trying to develop their own stock as well. carol: it has original investors saying, "wait a minute." sam: correct. it was not started solely by him. raj bhakta sought investors to get hims

this is the product to get his company backed on track. nkedin out in the first major out with their first major product line since the deal with microsoft. we hear from jeff weiner in an exclusive interview. a flurry of reports this week attempting to look under the hood of apple's secretive car plans. people familiar with the matter say the iphone maker is seeking a strategic stake in mclaren, a british luxury car brand, known for formula one racing and sports cars starting at $200,000. the financial times reporting that apple may want to buy the company outright which would likely be the biggest acquisition since the $3 billion by of beat. mclaren denied they are talking to apple and the ceo said i can -- told us "i can confirm that mclaren is not in discussion with apple about any potential investment." we also learned apple is on type to drive lit motors and a bmw and audi are also in hot pursuit. remember, all of this is a secret apple never acknowledged , the existence of car plans, the so-called project titan. we caught up with auto

in 2014, the company was a $12 billion company. it finally goes into receivership. e-bankruptcy step. it has been owned by a family, these are the grandchildren of the founder. when i talk to them, they said these are things that are beyond our control. and that is mostly true. but there was one person who decided the plant has to keep going and i know how to do it. and this was the person who returned my call six months ago and said, i had an idea and new how i was going to save the plant. carol: and he was the plant manager, correct? >> he thought, this is crazy. i think we are losing money on these products. he built his own spreadsheet. he figured it out. there was one cardboard tube that they paid nine dollars a unit to make and sold for $.40. this is the stasis that happens when a family company sort of does what it does, stops examining the books, has its customers and keep selling. he went to the family and said, i have a plan. let's just focus on these few things that we make really well that we make money on. let's get rid of the things we don't make money

the insurance companies paid out so much that there was a noticeable sea change in the attitude of the insurance companies going forward. >> sullivan: how do you know that? >> well, i worked the claims and i felt that coming down from middle management, telling me how to operate. >> sullivan: you were told to be stingy? >> no, not told to be stingy, but things that i used to pay for were being rejected. every single change that they made reduced the cost. there was never anybody telling you to increase it. >> sullivan: why do you think they were doing this? >> to save money. they were getting tremendous pressure from congress to tighten up everywhere that they could, and one of these was to make sure that there's no overpayments on claims. >> sullivan: let's go check out this one. >> all right. >> sullivan: the pressure to tighten up intensified after sandy, according to several other adjusters who agreed to speak with us. one of them was jeff coolidge, a manager who oversaw sandy claims. what happened when you started adjusting claims in sandy? >> guidance was coming back from the car

in the company that makes that game. w long do you think nintendo can ride on the success is a company that for so long just was not where the audience is? >> you want to and on a positive note. i am not sure i will give you one. it is still unclear what the financial implications of all these nintendo developments really are. it is impressive they are getting modern. they have some pretty cool stuff happening. does it go to the bottom line? i don't know. stock maybe has gotten a little ahead of the actual companies story. emily: my guest host for the hour who covers apple for us, thank you for joining us. coming up, elon musk appealed to twitter for help in cracking the mystery of the high-profile falcon 9 explosion. we will break at what we know. this is bloomberg. ♪ in this edition of out of this world, nasa is celebrating a will slot -- that touchdown in 2018. willdown -- there, it gather gravel from the surface and deliver it to earth in 2023. after traveling more than 4 billion miles. staying with space. still reeli

this is the footwear chain. this company has repeatedly under performed competitor foot locker until the last quarter, which was quite a good one. i expect another fine quarter when reports this time around. my suggestion is not to buy finish line. i'd buy foot locker going into the quarter and then buy more of it gets hit on any sort of finish line disappointment, not that i'm expecting one. earlier this week i told you that foot locker is a winner. i think foot locker stays that way. so here's the bottom line. this market isth oil. if oil goes down just a little bit more, the rumors of a production freeze will start, and that could lead to a snap-back in crude, which makes me feel a little bit better about the market after a pretty torturous period. i think we're going to get ourselves a rally. however, all three have to happen to make it work. if you don't get all three, we'll probably experience the embrace since this tough month. the worst of all 12, began. just 16 days ago. gabe in california, gabe. >> caller: jim, i a

how do we get the focus back on individual companies? not the overall obsession with what the fed will do on wednesday or what direction oil might be heading on a minute to minute basis. both of these factors were in play again today as usual. in a deceptively quiet market with the dow ultimately just setting off four points, s&p closing essentially flat, we know all about the linkage of. but the fed, i've got to tell you, i just head bringing this to you. i hate bringing it up because everyone else talked about it. sometimes there's no avoiding it. we know what the bulls want to hear. that the fed is now on hold, perhaps until we start to see stronger retail sales manufacturing imports. the decline in so many sectors last week was about how the fed might say or do the wrong thing. more say than do. either give us some stern language about the need for another rate hike before the end of the year, or maybe they even do shock us with an outright rate increase, something most people say is highly unlikely, but that's what worries me the mos

we talked about newell brands the company, what about the stock? i think newell is cheap, putting it at a modest discount to the average stock on the s&p 500. edge well, that's a personal care spinoff from energizer, that sells at 20 times eerngsz. there's no way newell should be this cheap, especially since it got some multi year growth thanks to the jarden deal. so let me give you the bottom line. i've liked the newell rubbermaid jarden merger ever since it was announced roughly ten months ago. now the deal has been consummated and we've gotten some numbers, i'm an even bigger fan of newell brands. that's why i put my charitable money where my mouth is and bought it from action owners plus.com. it would make a great addition to your portfolio. scha amazing management, some tremendous cost savings catalysts. i don't know. what more could you ask for? much more "mad money" ahead. interested in buying nike? slow your stride. i'm eyeing a company. then approximately 10 million americans have osteopor oes sis, placing them at high risk. with few treat

we have grown, the company dramatically. s we get in and see there a small execution issue at the end of the second quarter, we can get in and work on repairing that and making the company stronger. speakingrc benioff with brad stone in san francisco. productp, jack dorsey's shakeup may be around the corner for twitter. is it enough for investors? has passed itsgo fever pitch. we will check in with the game maker, niantic ceo john hanke. ♪ emily: big changes on the horizon for twitter. the plan to get rid of the 140 days away. be the company is set to live stream its first live nfl game between the jets and the bills. it is its first foray into the sports broadcasting world. joining us with more, josh elman . great to have you on the show. of the livethink streaming news? how much will this change twitter? josh: people come to twitter and they don't know where to go if they are getting started. if you join a live ellet -- live nfl game, it is a different experience. emily: bloomberg west will stream on there. i am excited abo

>> we have great relationships with all the companies you mentioned. always been a lot of interest and passion around what we do for the past ten years. and we've always had a lot of speculation around what twitter could become and where twitter could go. but we have a really strong plan ahead of us. >> as for google and twitter at this point, while we have reached out for comment from them, they have yet to provide any. we have not been able to get to them. let's leave it at that at this point, guys. >> so you're reporting the sorrell bites, jack's schedule, you put it all together. does it seem convincing to you? >> listen, i certainly as you know we've worked together far long time. we're not going to report something unless i know it to be true. certainly what i've reported i've believed to be true, but as far how far along things are, that's always more difficult to get a sense of whether why mr. dorsey is not showing up in a couple places he was scheduled to be. also the lack of insider selling. you can look at a lot of different things and draw c

david: what is the company up to right now? success. , yet it is finding is up in the midst of a legal pursuit. sam: correct. when they did was -- a consultant to whistlepig, a man by the name of dave th advised them what to do. agedentified a source of canadian writer not been used as anything more than a flavoring agent for other blended whiskeys, however, the original of highlf he found was quality, so they started buying differentrom a facility, then they started buying it in vermont, now they're trying to grow rye on their property, distill it on their property, and aged in barrels made from wood from their own property, so they have this sort of backlist of right whiskey that they are continuing to sell as 10-year-old, 11-year-old, 12-year-old, and now they are try to develop their own stock as well. carol: residual and factors are investors aredual saying, "wait a minute." sam: correct. investors tought get himself started, including some former colleagues of his, people he had worked with an previous jobs, as well as rep

the automaker is exploring a possible joint venture with a state-run company. targeting s.e.a.l.s of a million electric vehicles a year worldwide by 2025. china is also investing heavily in alterna energy vehicles looking to cut the oil imports and reduce air pollution. >>> china and southeast asia quickly becoming the most important region for sneaker makers. nike and adidas seen success in the fast growing market and underarmour to catch up with the rivals and it has something that other companies don't. sports star stefan curry. here's a report from taipei. >> reporter: here in southeast asia, it is the new front line for the global sneaker wars and that's why curry backed by underarmour toured china, hong w generation of sneaker vate a it's why the battle won't be played out at a nba court back in the u.s., but in small gyms across asia, like here in taipei where curry spent hours coaching, meeting, greeting, signing autographs and taking selfies with eager fans. but like it did in the u.s., underarmour here in greater china is playing catch up to nike who'

we are the largest tech company in san francisco and one of the fastest growing companies of the top software companies. we are committed to improving the state of the world. we believe this is a platform for change. they love our 1-1-1 model. we give them 1% of the equity profit and time to get back, focusing on our public schools, as well as the children's hospitals, homeless. that is important to them. they want to give back as well as he'll great products. -- build great products. a lot of companies have not made that shifty yet. salesforce has. we are a lot more attractive. brad: on the acquisition part, you made about $4 billion in acquisitions. why has salesforce been so acquisitive? how are you trying to position the company for the future? marc: we always buy a company when it is a great company with great technology and two, the price has to be right. i did not think we were going to buy any businesses at all and a series of things happen that open the door. the biggest thing, we got a phone call that demand where had -- demandware had an offer from another country and were

the company also developed relationships at the highest level in china. 's hard for american companies to do and they helped develop the mobile payment ecosystems in that country. nxp semi-it didn't get any respect. it wasn't a traditional semiconductor company that specialized in personal computers or gaming or communications or the ubiquitous data centers. it blazed its own trail, so it didn't get the kind of recognition that you would expect from the analysts. and that in the end is what makes it so attractive to an acquirer that's seeking to be more than just a communications chip provider. in one fell swoop, any semiconductor company that wants to diversify away from what i now regard as the narrow world of communications or the cloistered walls of apple can buy nxp and be transformed. that's why we told subscribers that eventually a suitor would swoop in to buy nxp semi-. attracted by its diversification, its bountiful cash flow. why qualcomm? i think they're uniquely desperate for growth beyond communications. they need to be less beholden to these

whole foods first teamed up with the company in 2014. new investment was based on the same shareprice valuing its to at $2 billion. earlier this month the ceo said his company would be cash flow positive in the next 12 months credit coming up, apple stepping up plans for a smart home service, smartphone device to rival amazon's echo. we will hear more about the project next. this is bloomberg. ♪ only: shares of apple's lid friday amid speculation from unverified twitter accounts that the german research firm gfk said iphone 7 sales would be lower than sales of the 6s last year, the report based on data from europe and asia and does not cover sales in the u.s. gfk said its numbers are confidentially given and should not be released to the public without confirming the veracity of the numbers. it would contrast earlier positive indications from u.s. wireless carriers who said earlier this month that sales were better than expected. syria and alexei could soon be going head to head in the smart home stakes. apple is said to be testing proto

the holiday time. they're becoming a delivery company. 've leased 40 planes, the first one was the primeair plane we just saw in seattle. and you know, they're going to become one of the world's biggest delivery companies. that's got some people concerned, you know, investors in fedex and ups, what does it mean for them? emily: isn't it insanely expensive? >> this is a company that spent $11.5 billion on shipping last year. they're spending a lot of money. they've built all of these distribution centers and primenow hubs and delivery stations but they're leasing the planes for the time being but you know, if they can't get all these packages delivered on time to prime members, amazon prime isn't going to grow asst fast an that's going to be a problem for the company. ultimately, you know, they have to. the question is, do they turn the delivery arm of the company into a business that actually generates money like amazon web services? a lot of people think that's going to happen. emily: talk to us about the broader shipping and logistics in

who will run the company? is it you? fort important us was to find a way to combine the two organizations and enjoy we realize our vision. today is the first step we are taking. we are by no means done with uttering all of the questions. people, the on senior management teams of both companies sit together and jointly assess whose career is developed in the new organization. they help our people to drive their careers and also a combined organization. >> number one, there are a couple of springs and one harvest in there. we need to focus on customers. to that dialogue with the regulation agencies. that is the key for us. >> i know the monsanto name in europe, people get concerned about genetic modification of seeds and crops. is there any chance the monsanto name goes away? you might have a view on that or review? away?e see the name go >> previous conversations, i have an very -- the key is less about the name and more about products developed. we have not talked about that. there are bigger things to solve than this. >>

the issue. boston scientific is merely a $31 billion company. mall for most of the hedge fund managers i heard from yesterday. they have defaulted to the macro, so to speak becau. some of these fund managers would have to own all of bsx to matter to them. that's how huge these funds are relative to individual stocks. all the work that mahoney has done, all the innovation, me meaningless to them, but not to you. not to home gamers. not to the dying breed of stock pickers who would love to own a stock like boston scientific. when you hear how stocks are dangerously inflated, i want you to think of diligence and innovation. these aren't manipulated by central banks. these aren't supported by the european central bank or the fed or any other government. these companies are supported by themselves, and frankly i don't care what they said at the panel. boston scientific is trading at $23 because it deserves to be there based on what the company has done to save itself after that disastrous acquisition. that fact doesn't matter to these big dogs one whi

they are owned by the one company. have a lot of factories and a lot of infrastructure in place to dominate the market, which is what they've done in conjunction with smart marketing, targeting the youth segment and rural segment which is something shall me -- something shall me -- has been slow to talk about. emily: they have been talking about the issue being a supply and not a demand thing. >> the challenge is to make sure we meet demand much earlier in the lifecycle of the project. we have to be sure our supply chain catches up and this is the most important thing we have to work on as a company. emily: is it clear that is the case and this is a supply issue and not a demand issue? guest: to be honest, that's not completely clear. we talk to different suppliers and it doesn't seem to be a huge amount of act log at the moment. there was an issue when some taiwanese suppliers suffered an earthquake, but since then, things have caught up. if apple can get its units out the door, i think they can as well. emily: our bl

the company plans unveil its solar roof idea next month. is after the board of solar city agreed to tesla's offer to buy it last month. elon musk said it on twitter. 28.ng for october comin coming up, linkedin unveiled its first big announcement since the microsoft merger. the ceo is with us next. this is bloomberg. ♪ emily: on their latest funding --rd, airbnb has raised valuing the company at $30 billion. the wall street journal saying google capital is participating. the size of the round could go up to $850 million. airbnb is letting some employees sell a total of $200 million in stock at the same time. linkedins ready for -- is ready for its first big product launch since microsoft bought the company. they are offering a.i. messaging. i sat down with jeff winner for -- jeff weiner for an exclusive view. >> helping our member say connected and informed is one of our central value propositions. we are investing aggressively and creating the most relevant news feed possible. messaging makes it easier for people to keep in touch. for people

and the company's second failure in a year. the rocket was being fueled for a saturday launch, at cape canaveral. it destroyed both the rocket and its cargo. an israeli communications satellite designed to help facebook beam internet service to sub-saharan africa. mark zuckerberg has said he was deeply disappointed by this setback. global news 24 hours a day powered by more than 2,600 ournalists and analysts in 120 different countries. japan coming back online. their bellies are full. how are they feeling, juliette? >> we have seen the yen weaken a little in the last couple of minutes of trade. so yes, we are seeing the nikkei off a little. down by .1% as it comes back. it was fairly flat just up by almost .1% before that break. elsewhere, a bit of a mixed picture and waiting game ahead of the nonfarm payrolls number coming from the u.s. later on. shanghai is fairly flat and has been fluctuating in between positive and negative territory today as it so wants to do very often. hong kong looking quite good up by another half of 1%

. >> how the company says it plans to prevent bias. plus the child goddess of nepal lavished with gifts and carried through festivals. worshippers traveling cross-countries to sing her praises. even her own parents bowing at her feet. so why are some activists calling this tradition abusive. an ex-goddess describes her holy designer tom ford, styler to the stars, revolutionizing the industry again. now making his groovy garments available for purchase hours after the model leaves the catwalk. but first, the "nightline" 5. >> you know your heart loves megared owe mega threes. did you know that your eyes, your brain, and your joints, really love them too. introducing megared advance four in one. just one soft gel delivers the omega three power of two regular fish oil pills. so give your body mega support. with megared advanced four in >>> good evening. thank you for joining us. it's the popular hash tag that triggered a social media firestorm. air bnb while black. frustrated users of the home sharing site claiming they were refused accomm

the government is now offering international companies the biggest role since 1979. block says investors in europe need to do their homework about companies piling on debt. he spoke to bloomberg tv at that ubs summit. carson: i think one of the major issues in europe is it made it interesting to us and still investors inat europe are not doing the hard work of really trying to dig into those financial statements in understanding the economic realities that lie beneath, so meanwhile, companies borrow at extremely cheap braves -- cheap rates and the pressures build up until one day they become a problem. vonnie: he describes some european countries -- companies as ticking time bombs. mark: the chief executive of barclays sees parallels between the u.s. presidential race and the brexit vote. just daily says the presidential candidates have a substantial impact on the world economy because of this skepticism toward free trade agreements. they say that campaign rhetoric is focused on questioning the vision of globalization. because that similar to the brexit campaign. bri

now, the company's being bandied about. even if twitter's current management doesn't see it as clearly. but everything comes at a price and buying twitter at these laefls will crater the acquirer's earning engs for several years. under it's in rarefied territory, and i'm thinking it's four or five points up and three down if nothing materializes. now, this is tough to get behind because it really can be only recommended on a takeover basis. and on "mad money" you know our rules. if the fundamentals don't support the valuation, we are not going to recommend it on a takeover. but twitter is worth a great deal to the visionaries, visionaries like avenue shar, who sees twitter not just for what it is now, but for what it is meant to be. stick with cramer. o our economy. if we don't solve our debt problem 19 trillion and growing money for programs like education will shrink. in just 8 years, interest on the debt will be our third largest federal program. bad news for small businesses. the good news? there's still time for a solut

the company blamed its soft outlook on customers staying indoors to follow election coverage. shares fell 4% to $11.85. nata star saw its sales save as the engine and truck-maker saw its net loss widen. in addition, the company said its defense unit received a subpoena from the department of defense regarding a recent government transaction, and the stock nevertheless, up fractionally, up to $19.12. >>> clovis oncology said the food and drug admini will forgo holding a panel discussion regarding the biotech's new drug for ovarian cancer. the regulatory agency recently granted the treatment priority review. shares are up today, 15%, to 28 307b9 1. >>> twitter is hosting its board meeting today, and sources who spoke to cnbc said the topic of cost cuts will be driving the conversation there. the social media company's management is expected to discuss ways to save money which could include possible layoffs or spinning off company assets. shares dropped more than 5.5% to $18.70. restoration hardware beat profit and sales expectations prompting that company to reaffirm its guidance

the company told you not to worry about it. but that was cold comfort for those banking on an earlier listened, because today, the cramer favor life science titan bid $53 a share for seth, who went out at $34 on friday. wow, the trigger-happy seller simply got it wrong, a nice gain. then there's johnson controls, which is merging with tyco to create the number one building efficiencies play, wonder if that deal has been consummated. meanwhile, the company lulls shedding the slower th soar. listen to what the ceo had to say about this transaction this morning? >> i think in 18 months or 12 months from now, i think what we should expect is that we will be introducing ourselves to our customers, and if you're in the commercial buildings market you understand tyco, johnson controls. together i think we can do something pretty special. >> it's a fabulous deal, fab lulls company, all because the execs were willing to surrender thinking, c'mon, jim, who can find these companies? johnson controls, eeog, spectra, other than you watch the

some of the most valuable companies in the world have gone through significant corrections. a few of those companies have gone through multiple corrections. and they never lose sight of their long-term sense of purpose or long-term mission or long-term vision. it's about continuing to execute. and so that's where we want to remain focused. emily: techcrunch published a post titled "linkedin's problems run deeper than valuation. linkedin is at best a business card holder and at worst a delivery service for spam." how do you respond to that? jeff: i think everyone has their opinions and it will not defocus us in any way. it's also interesting to see those comments now, but the company is the exact same it was the day before earnings. i think our core product offering has never been stronger. i think we have got the best roadmap in the seven years i've been at the company. we continue to see gains in engagement. that's what it's all about -- creating value for members and customers. emily: do you think you can re-accelerate growth? jeff: that is certainly the objective over time

the concept of stock buybacks has been somewhat controversial. should companies be buying back thn stock or taking that cash and reinvesting it in the business to grow and hire more people? a big reason why companies can do these larger scale buybacks is because of how low interest rates are. >> companies can issue debt with extraordinarily low rates and then buy back shares. it increases earnings per share, increases the return shareholders get. >> reporter: now that the fed has signaled that interest rates could stay lower for even longer, stock buy backs could contt big question is how long that run can last. for "nightly business rep i' >>> still ahead, massive breach. yahoo! confirms a breach that affects 500 million accounts and da. >>> and now to charlotte, whe a state of emergency has been declared after two nights of violence and continued protests over the police killing of a black man. and even as some officials urge firms to return to business as usual, a number of them told their employees to work from home today, including bank of america, wells far

the company is based in the u.k., but it's really a u.s. company. shares were penalized for no good reason other than everybody was terrified about u.k., particularly in european stocks more broadly. really it's an american company. if you check into the hospital tomorrow, there's a 1 in 20 chance you're going to catch an infection there. something you didn't have before that you get there. this is something that costs the u.s. health care system $10 billion a year. so it's a massive problem. sterris supplies everything from soaps to clean sheets to any kind of cleaning supply to help fight those infections. we think no matter what ha in the economy, this is an area where we're not going to see cuts to spending. so this is a nice growth stock. and granted, it's not as attractive right now as it was right after brexit when bought. but we still think there is a good opportunity in these shares. >> lamar, thank you very much. we'll revisit these at some point in the future. lamar vil ory with vil ory and company. >>> coming up, grill it up. one entrepre

the company reaffirmed its earnings guidance for the year. shares up for the day 5% at $32.39. >>> supermarket chain kroger declared a dividend of 12 cents a share and said its board of director approved a share buyback, sending shares up 2% to $31.25. berkshire hathaway raised its position in energy company phillip 66 by 1 million shares, according to a r e latest investment brings the conglomerate stake in the company to shares are up to $79.10. novavax shares plunged when the company says its drug for a respiratory virus did poorly during a trial. shares plummeted more than 80% after hours. the stock finished up just a fraction, to $8.34. >>> fiat chrysler will recall nearly 2 million vehicles worldwide for an airbag defect that's been linked to three de and five injuries. airbags in the recalled cars may not deploy. the models impacted were sold between 2010 and 2014 and include the chrysler sebring, the chrysler 2 hundred, the dodge caliber, aveng and compass suvs. >>> as car sharing continues to grow, one city is taking a rather unique

the forewarned investor." it was about how to find fraudulent companies. ns out his new bank, one of the red flags might apply to his own company. david: let me ask you about his aspirations for the company. there has been this rapid growth. it is still very much a california-based bank. zeke: he says there is a tradition of midsized banks finding success staying focused on the state. he was to be the go to banking california. there are billboards around l.a. and he just made a deal to name a new soccer stadium. he really wants to build his brand in the city. carol: it is a successful bank, right? zeke: profits have been growing and it has the best stock performance of any midsize bank the last couple of years. he's been doing really well. david: you mentioned the red flags and the stadium. let's start there. this bank signed the deal upwards of $100 million for naming rights to the mls stadium in los angeles and things get thorny? zeke: about $100 million. the highest price paid for mls naming rights. this is for the second soccer team. so kind of surprisi