we have to look at the pc business and say, let's see what we see. meg whitman talked about this in the conference call. this was about the one time exploration of windows xp support by microsoft, innate quote said, the winners xp didgeridoo to our growth but we now believe we are through with that benefit. what she is saying, very plainly, we have benefit because microsoft in this thing stop supporting something h and where through with that. while the market is very excited about the revenue gain, apparently, the business is not getting better and she even said so on the call. >> would you agree the business itself looking at the big picture isn't getting better? thisere are two parts to equation. one part is the pc business, which is significant in sales for hp is getting better. hp is a leader in that business and benefiting from that. we think the consumer segment from the pc business should continue if you look at, it's from other participants in the supply chain. now, x the pc business, hp still has difficulties, to put it mildly. the enterpris

first to the lead, hewlett-packard ceo getting a boost -- he works to turn around the pc maker. the company reported record revenue 27.6 billion dollars up .% shares are falling in after-hours trading. however, the positive sales numbers could the sign that the turnaround plan is starting to whitmanimpact since meg took over. she has focused on bringing new products to market like water-cool the servers and 3-d printers. joining us is our bloomberg intelligence analyst. thank you so much for joining us. are these numbers good? not so good? >> it is rather unremarkable. inge companies particularly tech when there is a turnaround, two steps forward and one step back. not genetically forward moving. >> more sideways? sideways, yes. the devil is in the details. more importantly, the consumer side of the pc business which has not seen growth in a long quarter, 8%ery good year-over-year growth. >> how would you rate meg whitman's turnaround plan so far. she said to give her five years. what grade would you give her? complicated, large and ever, multifaceted from a turnaround perspectiv

forget the pc. happens in the world happens on smartphones much more than pc and we see the growth of that operating system, whether it is on the phone, on the tablet and we also have to have the pc and macintosh. apple has gotten into the enterprise and businesses all over the world. the increasing factors of the phone and then the ipad next year opens up new opportunities for them. it will be interesting to see whether a bigger iphone means people have interest in a bigger i had. >> was steve jobs wrong? he believed a single form factor was all anybody needed. it was going to be a 9.7 inch ipad and a 4.5 inch iphone. thenow the world likes larger iphone even though it feels like a piece of toast, and a so far like the idea of a smaller ipad. we will find out if they like the idea of a larger ipad, but it emphasizes the point that multiple form factors seem to be with the consumer demands will demand.-- consumer he basically said we're going to have four products four for markets and that is it to s

today as you've heard we're requesting a scope budget for the relocation services with o pc. as part of my presentation i'll provide context about the shipyard and the artist replacement building and the relocation contract and amendment and martin mating i didn't will you stand up sees the cork and she'll be giving you awning update on the artist activities as well. the shipyards will be developed in two pleas that includes candle stick point and there are two agreement phase one and 2010 phase two. the development program for the shipyard this is the geograph center and it's anchored by building 101 that houses approximately one hundred and 50 artists and two a additional building the general location of those buildings have shown on the map. in order to initiate the artist district the sixth building will be demolished and consolidated two buildings one for the kitchen in building 101. under the d b.a. the shipyard will remain that two buildings depicted are the sixth building and the building 101. the existing artist tenants who are entitled to relocation sites such as com

this allows customers to pick the best technology solutions for their needs. pc postage provides jobs both in industry and the postal service. every package produce is ultimately delivered by a city or rural letter carrier. growth npc postage means more packages to deliver, more letters to deliver, more volume to serve. thank you for the invitation to testify today. >> thank you, mr. weisberg. mr. eidemiller, ally pronounce integrity speak with that's correct. it gets mangled quite often. thank you and good morning, mr. chairman and members should miners patrick eidemiller a director of m-pack system. the future prescription packaging. and back was event by 71 year old navy veteran from a small town, i'll can a population california, 85. this is m-pack. the flat pharmacy. this is a traditional box. this is our box, this is traditional. m-pack has many advantages, the most important our this vile is tamper evident. this bottle of water is tamper evident. this prescription is not. so anti-drug supply chain we have more security in this then we do in this. hard to b

the reason is a surge in pc sales, if you can believe it. grew less during the period. read the dollar to dollar store drama continues. the board rejected the $9 billion offering from dollar general. they cited antitrust issues. is everything and family dollar one dollar? >> no. dollar tree. >> dollar tree. >> the other one? some of them are a dollar and some of them are just called dollar. >> we're moving onto the number one stock of the day, bank of america. nearlyve agreed to pay $17 billion in a record settlement over the sale of mortgage bonds in the run-up to the 2008 financial crisis. eric holder is holding a news conference right now in washington dc you can watch it right now on bloomberg.com/tv. we are seeing a little bit of upside at the open. down.s claims numbers are we have a big fat day ahead of us in jackson hole, oilman. our verio mike mckee is there. we have a big fat day ahead of us in jackson hole, wyoming. our very own michael mckee is there. along with olivia and matt onset is the equity portfolio manager at j.p. morgan

actually, the pc demand is driven by the commercial pc, but due to the global issue, we see some management on the global -- intel and hp, the management came out in the past quarter revising up their estimate. lenovo is going to do well in the pc side. we got into the smartphone side which is challenging for lenovo. which we expect to -- by the end of the year. so far for the data we have received, we have confident for lenovo to turn around earlier than expected. >> but again, in the smartphone business, they're only at break even level. can they turn this around enough for analysts to be content with the event? >> yes. we believe the numbers we see is global smartphone shipment has almost doubled on a year on year basis and on a q 1, q2 basis it is doing a very good job. we are confident that on the top line growth, it will maintain a healthy status and on the operating margin wage increase if you look at the second quarter numbers. going forward, we are still very positive on the innovation. the lenovo smartphone business is stronger, also with -- they're doing that online, a healthy te

we will take a look at the pc numbers in just a moment. dick cost they are suspending accounts that show imagery of american journalistme

this allows customers to pick the best technology solution for their needs. pc postage provides jobs both in industry and the postal service. every package produced is ultimately delivered by a city or rural letter carrier. growth npc postage has more packages deliver, more letters to deliver, more volume to service. thank you for the invitation to testify today. >> thank you, mr. weisberg. mr. eidemiller? >> thank you. >> my radio days come back. you are up for five minutes. >> thank you. good morning mr. chairman, and members of his audible committee. my name is patrick eidemiller and a director for m-pack systems. we are a small start up company that produces a better -- called impact. impact was invented by a 71 year old navy veteran from a small town, volcano california population 85. this is impact. the flat pharmacy file. this is a traditional box. this is our file, traditional. m-pack has many advantages. the most important are this file is ever of it. this file is not. this bottle of water is tamper evident. this prescription is not. entire drug supply

the 2-5s. in spanish, a quarter is, their pcs they say in spanish. took it on to 2-5. >> they're active on our facility and other snys throughout the state here. we've placed several of them in administrative segregation, and we're in the process now of validating some of these inmates as being members of the disruptive group. we've discovered various tattoos and symbols that are used by the 2-5. >> the validation process requires three separate pieces of evidence ranging from artwork to tattoos. >> a tattoo of a 25 here in a -- some sort of a shield. some are kind of like, you know, pretty vague. >> today, lieutenant rodriguez and his institutional gang investigators are on a mission to clean up the sny. by validating more 2-5ers and moving them off the yard. >> hopefully we'll send a message to the inmates out there that we're out here and we're going to stay on them. >> we're going to try to get them off the sny, that way the guys who come out to the sny can do their time, program, and don't have to worry about the gang. that's why they left the g

>> intel dominated chips during the pc era. it missed the boat and now it's roaring back. intel is a $35 stock that will be a $50 stock. >> i do like it. buy it on the dip. it is making such great e a gre. number one business market continues. >> protests swarming. border agents trying to arrest a suspected illegal immigrant. the administration set free many immigrants with long wrap sheets. >> plus a postal worker caught trashing mail. worse? billionsf your tax dollars are about to get dumped into this. funny man robin williams said to have serious financial troubles when he ended his life and he's not the first. why do so many successful stars end up dead and broke? cashing

. >> i'm surprised it doesn't happen more often given the pc thought police crowd that dominates our school system and really dominates our culture right now. you've documented time and again how there's this red line, we don't really know where the line is at any given point but there's a red line that the left will establish and re-establish, maybe one day it'll be you can't tell people to speak english. the next day it will be -- you can't refer to the washington redskins as the washington redskins. next day, you can't ever say that bilingual education is a bad thing. we don't know where that red line is but if you cross that movable red line you will be drummed out of public life perhaps. you will be -- >> that's what happened to this woman. >> terminated, fired. ha rationed, called all sorts of names and this is what this poor teacher came up against. against this movable red line where they decided to make an example of her. don't you dare make us speak english. don't you dare tell us -- >> it wasn't even making. here's how bad this is. miss lacey basically said, look, in the h

non-exempt are one person who takes the public funds and so forth and i'm looking the case we had at the f pc at the city librarian there is absolutely nothing to prohibit putting open the ethics commission website he was found to have pursue injured himself and he admitted that the $5,000 a year from the friends and filed a statement saying he got nothing from the friends. and he filed amended statements that's all public record we're not disclosing anything that is personal or confidential things so we want the public to know a public official broke the law and did see time he was and government guide i think there's a general consensus that is not sort of general advisory but not a source of law it didn't do the level of analysis that we're looking for. and, you know, you do list the categories non-exempt from disclosure i don't see why you can't as departments report violations in those categories. to the ethics commission. thank you. >> any further comments from the commissioner commissioner commissioners? i take it that the challenge with asking the departments to self-report those that

it not be implement if so outside of the ethics commission jurisdiction under the state law only the f p pc can conduct enforcement matters regarding form seven hundred this is not an enforcement matter to recommend something we don't have the power to enforce anything unless a person fails to file in 90 days we recommend they be dismissed our recommendation maybe go forward in many instances so the reason we can't do this we

it not be implement if so outside of the ethics commission jurisdiction under the state law only the f p pc can conduct enforcement matters regarding form seven hundred this is not an enforcement matter to recommend something we don't have the power to enforce anything unless a person fails to file in 90 days we recommend they be dismissed our recommendation maybe go forward in many instances so the reason we can't do this we will be conducting enforcement that's not enforcement recommendation is not enforcement so the reason didn't make sense. i think it's a good idea and i would move that we adapt the recommendation of the grand jury that we recommend dismissals for any employee that fails to file after the deadline

. >> i'm surprised it doesn't happen more often given the pc thought police crowd that dominates our ic school system and really dominates our culture right now. you've documented time and again how there's this red line, we don't really know where the line is at any given point but there's a red line that the left will establish and re-establish, maybe one day it'll be you can't tell people to speak english. the next day it will be -- you can't refer to the washington redskins as the washington redskins. next day, you can't ever say that bilingual education is a bad thing. we don't know where that red line is but if you cross that movable red line you will be drummed out of public life perhaps. you will be -- >> that's what happened to this woman. >> terminated, fired. ha rationed, called all sorts of names and this is what this poor teacher came up against. against this movable red line where they decided to make an example of her. don't you dare make us speak english. don't you dare tell us -- >> it wasn't even making. here's how bad this is. miss lacey basically said, look, in the

we will take a look at the pc numbers in just a moment.r ceo dick costolo says they are suspending accounts that show imagery of american journalist james foley and execution. a video was posted on youtube but later removed. this is the latest change from the open interneli

this is analogous to the pc market place. dell was king of the hill. at that time they had 18% market share and mar jens. we saw them come in, be very aggressive on price, dell lost share, mar jens went down. i think samsung feels that same challenge sample thanks for coming in. this commentary, low, i think is swg we would have said two years ago. although, they were a low cost player, they are now completely out of business. their sales were up 50%. these guys were fighting hard to maintain margin and not drop down to price. what do you say to that? for apple, it hasn't been crucial to this point. they have been more concern about growing the way they believe they should. >> appetizing i think if we use the pc analogy, what happened for players like dell and hp, they took it on the chin if you look at the apple mac, it's game share, prices have gone up, the margins have gone up. apple has a protected and unique ecosystem. it's difficult to switch from a samsung to an ios phone. so apple i think ultimately will have a positioning in the marketplace wh

most of the upside is earned by the pc business. notebooks were up 17% year over year this is the enterprise side of the business. it reversed and grew 2% year over year. we saw enterprise group as well. >> where are we? i hate to use the baseball analogy, use whatever analogy you choose, how far along are we? >> we're still early. i think we're in the 3rd or 4th inning. if you think about it, they are offering 8.5%. the peek margins are north of 11%. so we think there is a lot of profit growth and upside in the business again, they're facing challenges across their portfolio. again, here is a company few expected to grow and they did here this quarter. >> is it enough, though, to have those personal computers. i hear you on the server side. how much was it benefiting from going back in that shift, going back into old tech versus momo tech and the other thing just to tack along on that, mna, they have a bicker r and and d budget than anybody. they don't need to take out a 3d printing company. they can do it themselves, where do you s

we seen the pc market is not dead.is showing signs of life. >> you see, but now you are looking at -- the reason why people switch over from apple to samsung is the phone size, now you will be address that issue with this release coming out. >> wait. let me ask, since that time the company made what, 100, $200 a share? more than $100 a share. so the valuation is lower. >> okay. >> so does that not matter to you at all? >> it doesn't matter to me at all, not one bit. valuation is fine. valuations to me nobody knows water going to happen with the company or the stock. so i'm guessing just as much on valuation as i am on the spreads. >> i like your levels, for me i have a half a position on apple. it's been 87, 85, 101, so par 72. i leak your levels. i would like this trade it on a technical basis. i think it will broadcast through. big movers of the day, drop for cumulus down 18%. >> cumulus deserves this drop. yesterday it was down i think more maybe less on centered spaces. the earnings were disappointing. not on the t

and, you know, i mean, the commission a has evolved and it's just like the pc hearings at city hall they've evolved trying to deal with the permits and finally, there's understanding what works i congratulate commissioner hyde for reilly what it is to be a community member and what the impacts are and start mitigating them and how to make things work i think when everybody is on the same page it makes it easier when people are not ton the same things and people want to just make money and everybody wants a return on their investment people want a return sometimes a too quick of a return but, you know, within 3 months they think all the permits are going to come quick and sometimes it take longer than for a business to get started but no way i guess my first question i don't know if i have a copy of the outreach policies there's a new version of it or it's something online. i will appreciate a copy of that at some point. and i'm sure it's been well vented and it could be vent more if the neighborhoods have issues again, i'm one of the few i don't know how many community outreach people come

pc. not extensions of the phone, they're pcs. as the leaders in the market hat to decide are they going to make the ipad more pc like, back off it and make it more of a niche product and have the mac and even more cannibalization to consider there. >> and in line with the comments last week about crashing, wondering how many players there can be in this market and who the end audience will be? we'll continue to watch that. >>> finally today, check out retailmenot. the stock crushed this morning after second quarter profit missed analyst estimates. shares now down just about 50% since going public last year. we spoke to the ceo of retailmenot the day it went public and he tries to explain the difference between his company and groupon. here's what he said. >> quite profitable, made money from day one and i think we ultimately offer a very different business model that groupon. they're a grade busineseat busi we, they help small companies give discounts sporadically. we help small business get discounts every day. >> still a company

led by the personal systems group. pces actually showing a lot more strength than anticipated, although printing, another important and much higher margin, and not as strong as they hoped for, but our guest earlier on "squawk on the street" seemed more confident in those looking at the numbers. i asked, of course, about the bigger picture, that being this turn around that they are three years into, that she has said many times will be at least five years in length. where are they? how much more do they have to go? >> our objective is to excute the turn around strategy laid out three years ago, and we are working hard on that. as i said before, we have to prove that thesis. we do believe that providing an en-to-end solution for the customers is a very important value proposition, so, again, we got to prove the thesis, but we feel good about where we are in the turn around. i pull the lens back and say we're about where i thought i would be here. >> you are. really are? >> yeah. >> of course, that also responds to a questio

is the death of the pc greatly exaggerated? aders break down all the winners and losers, and we pull back the curtain on the najarians ponytail power. all straight ahead, top of the hour from post nine right behind me. see you in a bit. >> wapner in the house today. thank you so much. >>> throw back to 1977. a time before smart watches and wearables, but there was this gem from hewlett-packard, all of those many years ago. it was the hp o 1 calculator wristwatch. much to the chagrin of math teachers everywhere. priced between $650 and $850, and at the time, weighed about one-third of a pound. today it is a collector's item selling on ebay for nearly $15,000. so that's a good return on an investment, if you had been smart enough to pick one of those up. man, that looks like straight out of the casio product lineup. >> buy two, one to wear and one to save and sell 35 years later. >> i have 20 pairs of air jordans under my bed. >> and 200 beanie babies. that's not doing anything for me. is it? >> kayla tausche and jon fortt was in

maybe it's time to ask the question, is the death of the pc greatly exaggerated? because they gave you reason to believe that maybe it was. >> probably. probably to some degree, and also add on what intel said and what microset of said, certainly the pcs have seen ap revival. not sure at this rate and not that bullish on ap, i don't think paying ten times for earnings for 1% growth is impressive. i look at technology. kind of company specific, where we come out as, own growth and some value. we own google because it's growth at a reasonable price. facebook, aggressive growth story. certainly not cheap, but paying for that growth that you're going to get. on the value side, we prefer oracle. under the radar screens for a lot of people. microsoft, jumped on the bandwagon. pete and jon both pullish on the name and finally kind of came to the conclusion as well. a little late, but still think there's more to go. specific in tech, but certainly you should be overweight given where we are in the economy. >> doc, you agree? hewlett-packard, nice boofrt. intel a performer

the good part is they do very well with pc sales. spend on painting and those enterprise services to which i referred to earlier appealed it will really continue to help grow the company. stuart: all you have to say is microsoft is back at $45 a share. nicole: microsoft is back up $45 a share, stuart. stuart: thank you. let me get back to the situation as we will call it in ferguson, missouri. dan had edgar is here. it touches on black unemployment and how it correlates in ferguson. dan had edgar is with us right now. a great article. the way out for young black folks in america is economic growth and changes in education. that is your bottom line. >> we have seen this sort of thing like ferguson before. some of which never really recovered. i was looking at some of the data on black unemployment. it hit its highest point in 1983. 19% for all flax. after that, the line goes straight down. those were the years of the reagan presidency. as we had strong growth, unemployment among blacks felt. then came the clinton presidency three and

. >> one f has to do with the f p pc. and our investigation from the civil grand jury is that the f p pc is prepared to accept a contracted for the local laws they have the same authority and open to the suggestions of the board of supervisors to create a similar arrangement for san francisco. so this statement says that it's possible the charter with prohibit a contract nothing in the statement that would prohibit that it says in - it says it's not allowed under the state law that's not what the agency told the grand jury because of our confidentiality but we can tell me they were authoritative figures it's not simply the sunset of san bernardino but other counties as well has that authority. thank you. >> any other public comment? the motion it's been seconded. all in favor, say i. >> i. >> opposed? all right. for finding and response to finding and representation number one approved unanimously to finding number 23 and the recommendations any commissioner have any comment on the draft language as to finding number 2? >>

the pc maker posed a surprise increase in the quarterly revenue and meg whitman says she's happy with the results. >> it was a milestone for the company. after three years we put up 1% revenue growth. it's better than the declines we've had. >> shares on a nice ride today up 5% or so to close at $37 on the button. >>> family dollar stores rejected dollar general's $9 billion acquisition offer saying it would be too hard to pass regulators and renewed support from an officer from dollar tree. dollar general says its reviewing the options. you need a score card for this. they believe it could resolve regulatory concerns. shares of all three of the dollars fell today as you see there. >>> the maker of turbo tax reporting a penny loss in the fourth quarter due to higher expenses. the street was looking for a gain of 7 cents, revenues, though, did come in better than expected. intuit gave weak guidance. shares finished up a fraction to $85.81 and sold off and snapped back in after hours trading. >>> salesforce.com results were better. revenue rose 38% helped by increased demand for web-bas

this is what's happening with the artist but in terms of the o pc they were hired in 2011 in northern california or the n tcs f and could you please stand up kim. and they took on several tasks the contract was broke down into the 3 implementations. since the contract start in 2011 ox o pc has completed the phases that includes accessing the existing status of artist studios and supporting the replacement facilities and have a snapshot to mouth u figure out the rent and next is the physical location that was not funded we knew that would be coming back to the commission. laltd in february of this year we extend the ap c contract and i will introduce chad if you could stand. we don't have a representative from l t s f they were unable to attend. now the recognition of the commercial kitchen as anticipated most several in 2015 and the recognition of the artist take place in 2016 we're bringing this amendment forward for your consideration this includes the logically plans and the oversight including a complete inventory of the are personal proposed and providing artists with ongoing adv