this is a thing most yahoo! places do not do. yahoo! for -- yahoo! employees felt this needs to be done in order to get up and moving again. she really got yahoo! moving quite a lot faster. before she got there it took yahoo! 18 months to launch a new version of yahoo! e-mail. next time it took three months. 18 months down to three months. it is kind of impressive. she hit back in a way that was very different from how most ceos come in and try to turn around companies. most will say i have a strategy. it will take 100 days. then they will delegated out and ask people to push down the ladder. we talked about how we are having this role in google where she is the user interface. everything that went through and live had to go through her. she went into the product meetings where these things are being made. you don't see this. you don't see ceos coming in to meetings like this and sit down. she is looking at him. where he is getting his data from, what kind of surveys he is using, here's the picture getting -- he is using, this is her getting under th

before before she was there it took yahoo 18 months to launch a new version of yahoo e-mail. that's the amount of time it took before her influence. after she arrived they launched the e-mail product in six months and then the next time they launched a new version of e-mail, it only took three months. it's impressive. she she did that in a way that was very different than how most ceos come in and try to turn around a company. most ceos comment and they say okay i have a strategy. it will take 100 days to complete the strategy and then they'll delegate it out and asked people to push down the latter throughout the pm mid that's how it gets done. mayor went into yahoo, and we talk about her having this low act google where she was on the user interface review team where everything that went lied had to go through her. so she went into the yahoo and set i'm gonna do that again. she went went into the product meeting where things were being made. you don't see ceos come into meetings like this and sit down. there's a scene in my book where she's sitting next to the product manag

yahoo!? how did she become ceo? >> guest: so this was a big upset, a big surprise that yahoo! was able to hire someone hike marissa mayer. she came to -- back in -- so is, first, let's talk quickly about yahoo! and the history of the company which actually takes up the first, you know, 150 pages of my 300-page, 300-plus-page book. so it's, you know, what i wanted to explore is, you know, yahoo! and how it got in such bad shape before mayer got there and why they needed someone like her possibly to come in and try to turn the place around. and just before mayer got there the company had gone through several ceos in a very short period of time. it had gone through a woman named carol barts, and after that there was an interim ceo named tim morrison and after that a permanent ceo named scott thompson who was pushed out of the company for lying on his resumÉ and then there's an interim ceo named ross levinson and owl of that happened -- all of that happened within the period of a year. it was so

and yahoo is that bridge. you give them an extra capability to have a little more competition every week a little more fun with their friend. it's a very social experience. >> is this something americans do? or can you see taking this to world cup soccer or cricket or -- >> i think there's absolutely international opportunity. i think it comes down to sports as a passion point for fans. they know the players, they know the stats. you give them a chance to compete around their knowledge, it's something that is universal. >> something a little bit guilty about people spending all their time on this daily? >> no. >> i can name three people in their newsroom. there is huge lost manpower on it. ken fuchs of yahoo thank you. . >>> i drive a ford fusion energy. it's a great car. hybrid. electric motor. i got it the old fashioned way at the dealer. but recently i looked into getting a new one, so i used a service called roadster. you tell them what you want and they get back to you a specific price via e-mail. and if

yahoo! is down 20%. yahoo! and google used to be in the same category. google has evolved. yahoo! as not. david: we've got another one. as we said they will be coming fast and furious. they are gopro, the manufacturer of those portal cameras. gopro, market cap of 8 billion compared to the other megacompanies. still potential of a lot of growth. what are the numbers, gerri? >> beating upside. they were supposed to come in at 26 cents a share. they in 35 cents a share. 395.2 million was the expectations. this is what they do. they beat estimates every single time every quarter since they went public in june of 2014. i have to tell you stock is down in after-hours trading. it is a tough market. david: significantly down 5 1/2%. it depends. yahoo! had bad numbers report ad slight uptick. gopro with good numbers but they were down of a hours. don't go anywhere, we are just getting started. got a lot more to talk about microsoft and apple the big kahuna. melissa: apple earnings expected any minute. focus iphone sales. should they be worried they won't tell us on the numbers on the watch

and for yahoo! japan yahoo!ays they've met with a number of advisers to find a solution there that generates the most shareholder value. the qu & a session is going on now. the stock trading down half a percent. we certainly expect to hear more questions about the alibaba spinoff. >> for more on yahoo! let's get to neil doshi with mizuho usa. great to have you with us. i feel like the three legs of the yahoo! story are in jeopardy at this point. the core business continues to show signs of deterioration. we've got the tax-free spinoff which may not be tax-free after all. and the baba assets which have declined significantly because of the meltdown in china. what's left here? >> yes. i'd probably disagree with you on your first premise. i do think there's signs of growth on the core business. display grew 15%. strongest growth we've seen in about five years. search continues to grow. you know, the issue is really around spend and margins. and can they really get the margins to be in line with their revenue run ra

for marissa mayer, at yahoo.ll treading water at least on the fundamental business, what kind of a grade do you give thus far and is the pressure increasing or is it just about the same given where we are? >> i think the pressure is increasing on her. we're into year three and we haven't seen a fundamental turn-around. she's done a lot of the right things from a value perspective. from a growth perspective we haven't seen a fundamental turn-around. i would argue from a growth perspective she hasn't been aggressive enough, in terms of acquisitions. what she's mostly answered to was the value side of the shop. she's returned a lot of cash to shareholders, they're working to spin off alibaba efficiently and taking down the head count. but from a fundamentals perspective you're not going to get paid more than five times cash flow if that's all you got. >> mark ha haney from rbc, thanks so much. >>> and coming up next, we've got some new york officials fighting back against the mayor's proposed cap on uber. we'll look

why did you need yahoo! japan? japan are yahoo!nd they havekers huge market share so we are delighted to work with them for the benefit of the japanese traveler. it is a massive market, isn't it? gareth: it is a huge market but every time that we do something works for the japanese market, the third biggest in the world, we are also benefiting from alert around the world. travelers around the world. i think travel is one of the original network effects. it what the market is like and what it tells us about what is going on in the global economy. we travel market is strong and resistant to booms.on and travel is just an embedded part. it is incredibly important. and all aspects of travel up to 10% of the world gdp. we are seeing strong growth internally. if we are to win we must win in asia and countries in asia. rishaad: let's go back to the yahoo! japan joint venture. work?ll that actually gives me an idea of the business model. me an idea ofe the business model. gareth: it is a classic joint venture with shared interest and we wi

yahoo! shares also in focus now as well. yahoo!1 million shares have traded. 16 cents was the earnings there. 18 cents was the estimate. the revenues came in $1.04 billion pretty much in line with the $1.03 billion estimate. so again, some moves there. obviously the big ones in gopro, apple, and what's happening here with microsoft as well guys. back to you p. >> that's not all. we've got a news alert now on at&t and directv. courtney reagan with that. courtney? >> that's right, sara as if we didn't have enough news a dow jones report citing sources says that fcc regulators are poised to approve at&t's $49 billion purchase of directv. this deal initially announced in may of 2014. if it goes through, it would be the biggest media deal of the year. the justice department has already approved it. but again, dow jones citing sources is reporting the fcc is now poised to go ahead and improve -- approve at&t's purchase of directv. bill, back to you. >> all right, courtney, thank you. they're exhaling at both headquarters there. we have c

apple, yahoo!, microsoft boeing just in the last half-hour. >> we have got the best analysts in just a few moments. why he says this morning is the time to buy. before we get to that, the top news stories of the hour investors would like to know whether the hits can keep on coming for apple. this morning, they appear to be skeptical. shares of apple have fallen after iphone sales rose 35%. its stillness estimates. the sales forecast came up short as well. they were planning on selling a lot. sales of the new apple watch were less than what analysts had estimated. ceo tim cook says the company is pleased. tim cook: sales of the watch exceeded our expectation despite supply still trailing demand at the end of the quarter. to give you additional insight through the end of the quarter the apple one sold higher than the comparable launch times of the original iphone or the original ipad. >> 73% of old iphone users have not upgraded to the latest device. plus, more than double, more than apple coming up

yahoo! expected to earn 18 cents per share for the second-quarter sharply below last year's 37 cents on revenue of $1.3 billion. investors will look for news on thecompany's stake in yahoo! and japan and whether they will affect the spinoff of its stake in alibaba group. last time they had a $2 billion tax bill. they have to figure out how to spinoff their $30 billion stake in alibaba and not get hit with a tax bill like last time. dagen: nicole, thank you so much. shares of ibm punished in extended trading. stock dropping 5% of the company reported its revenue fell for the 13th straight quarter. revenue tumbling 13%, $20.8 billion miss the estimate. adjusted earnings of $3.94 per share better than expected. ibm struggling to adapt to big changes in the way businesses buy software and other commercial technology. shares of qualcomm rising more than 3% after hours following "the wall street journal" the port that the company is expected to make a strategic review that could lead to a breakup

yahoo! shares also under pressure after rupert hoarded earnings. all of those we are watching and they are waiting on u.s. stock futures this morning. right now pointing to low growth in. dow futures up 69 points. gold prices on our radar is filed under pressure again amid concerns about higher interest rates in the u.s. the pentagon reporting a u.s. airstrike has killed the head of the al qaeda affiliate in syria. we will have the details for you on that. good morning i am sandra smith joined by lauren simonetti and nicole petallides. welcome to "fbn:am," your first look at today's markets, latest break in a symmetric expect that they had. weaker than in sales. the smart watch could hit wall street and the open this morning. checking futures on the dow futures of 72. nasdaq futures, the leader of a full percent now 49 points. lauren has the latest on apple this morning. lauren: apple is one of the reasons for the red air as we just looking at. this is such a widely held stock in many episod

alix: this is a surprise to me that yahoo! continues to cut their workforce, fewer than 11,000 over the quarter. following whoen for the last to seven or eight years, and this is such a quintessential yahoo! response. it is always about the next quarter, next year. but the present always feels like a disappointment. alix: three years into the turnaround. and now we're looking at go pro. gone prowler earnings at $.35. analysts had an estimated $.25. also, revenue beating estimates, almost or hundred $20 million. folksillion were what were estimated. that revenue is a 72% increase year. that is why they call it the growth stock. go pro's going to be introducing and has introduced new products, smaller cameras, and the company says in particular, it has launched five new cameras in the past 10 months. as you know, there has been some concern about competition for go pro. it looks like up until now, if you don't buy these numbers, it has not been an enormous issue for the company. perhaps they're waiting for the conference call to

i think you stay with facebook and maybe finally yahoo! starting to get out of its own way. >> you like a laggard. >> i do like a laggard actually. and it's microsoft. that is a name that has been hurt primarily because of sentiment on weakening pc sales. we saw on intel earnings that they weren't as bad as everyone expected. now people can concentrate on what microsoft is doing and growing the rest of their enterprise business. so for me with a 3% dividend microsoft is the way to play this and it's not really that much of a laggard. held a real nice gap up and is now starting to go higher. >> it's difficult to hold on to stocks at all-time highs. is it? >> they're paying for growing. you're going to pay a premium multiple for these names. we've talked about amazon. we've talked about facebook. we talked about these names aggressively in the show. they're gravitating to these stocks and they're going to continue to. when you think about the underperforming names i think people are setting up for 16 but they're definitely not going to buy t

do have key value areas in yahoo! finance and yahoo! sports teams so they have some good components but the overall core business i think is going to be tough to turn around and tough to grow unless they show some signs of greater user engagement in search and in mobile in some way, but they are really losing ground in mobile and now they have competitor in verizon with verizon's purchase of aol who used to be somewhat of a partner so i think it's difficult for yahoo!'s core business to show strong acceleration. >> guys thanks so much for your insight. appreciate it. >> and i think you're going to stick around and let us switch gears to microsoft. ivan often covers microsoft. we'll give him double duty. he has a neutral rating and let's also welcome in brendan barnacle with an overweight rating on microsoft and we'll start with something called dull by important. microsoft changing the way it reports earnings going from gap to proforma what. will this change when we hear the numbers today? >> it's really going to impact our guidance goi

>> i'll start with yahoo! because i'm long the name and i bought it going into numbers last quarter and that's been not a painful trade but down probably 8% from last quarter. you're going to trade on alibaba but the core is trading in negative territory. just sipt the asian assets and the cash and then investment share at 45 bucks a share. the alibaba story is a big problem for these guys and i think people are totally missing that too and that's not going to work itself out overnight. the fourth quarter tax spinoff is what this is about. not exactly the same. pete and i were talking about this. but look at the move in ebay and paypal. everybody knew for months what was going on here and it took that actual spinoff to get this thing to shoot up and create value. i think you're going to see the same thing in yahoo!. >> everybody's excited about paypal and that's a spin company, right? people aren't excited at this moment in baba. it has all sorts of problems. >> there's some confusion there. this is not clear.

i am guessing you do not think yahoo!, hp can be fixed? peter: i would argue that hp and yahoo!re not really technology companies at all. they were technology companies in the 1970's and 1980's with hp, and in the 1990's with yahoo! even though these were technology companies in the 1980's or 1990's, now they are against technology. emily: even though they are not technology companies, can yahoo! and hp be fixed? peter: there are things we can do to streamline them. it is probably a mistake for them to radically try to reinvent themselves and become technology companies once again. emily: you mention marissa mayer, what do you think her chances are of turning things around? peter: she is by far the best ceo yahoo! has had an at least a decade. she should not be evaluated on whether she invents something new. that is setting her up for failure. the existing businesses are big, and if you can improve those and incrementally make those work, that is fantastic. emily: other than what you have written in this book, what are some things you believe that very few people agree with you

and eventually became -- still is -- yahoo!'s store. emily: what was it like working at yahoo!? how long did you last there? the guy who got suspended every year. paul: i was basically getting suspended from yahoo!, too. i hereby apologize to all the people i have ever worked for. i barely lasted a year. emily: you went on to write. you started writing essays at paulgraham.com. paul: yeah. emily: and that's when you started building your following. paul: i suppose so. i didn't really think i was building a following. emily: what were you writing about? paul: i started just writing about software, and i gradually realized that no one would come and drag me away if i started writing about other things, too. emily: at what point did you guys meet? jessica: we met at a party at paul's house in cambridge that i almost didn't attend. emily: so y combinator almost didn't exist. jessica: it almost didn't exist. paul: oh, yeah. it's scary how close it was. emily: how did you come up with the idea for y combinator? paul: well, jessica was very interested in start-ups. she was writing a bo

yahoo testing google.e or start of a larger partnership. >> marissa's view on women in the tech world. >> the evolution of entertainment with goldie hawn. say neversettle. t-mobile agrees. never settle for verizon's overpriced gimmicks. try the un-carrier risk-free for 14 days you'll love it, or we'll pay for you to go back. a new season brings a new look. a chance to try something different. this summer, challenge your preconceptions and experience a cadillac for yourself. ♪ ♪ take advantage of our summer offers. the 2015 cadillac srx, a crossover with space safety, and style. lease this from around $339 per month. ♪ ♪ >>> yahoo is beginning to test a search partnership with google. the company said as we work to create the best experiences for yahoo users, from time to time we run small test wts a variety of partners including search providers." is this move an act of desperation on yahoo's part? >> i think it is a little move of desperation. eight years ago it was a significant story and the doj moved t

we will hear from apple, microsoft, and yahoo!. ibm had its third stick -- straight quarterly decline. stephanie: he is going to be joining us at the opening bell. why don't you give us some stories. erik: here are some of the top stories. we haven't seen commodities hammered like this in 13 years. the commodity index is rising slightly today. commodities are the worst performing asset class of the year. everything from oil to sugar to precious metals are down. gold was the latest to get hit. it is up today fractionally after hitting a five-year low. new york oil is hovering around. nokia is close to a deal to sell to a group of german automakers. bmw would be the buyers. stephanie: the has been a big shakeup at toshiba over and ask -- accounting scandal. they will will have to restate earnings for six years. we have the story from hong kong. >> they announced after the closing bell in japan that they will resign. it is alleged top executives sent -- set unrealistic profits. a number of other executives will also resign. it you man

you what to watch for as apple, microsoft, and yahoo! split how much isx: donald trump really worth? scarlet: and the middle east, we will tell you about the big plans for the bank in saudi arabia. ♪ scarlet: good afternoon. i'm scarlet fu, here with alix steel. the dow is down over 1%, more than the essence the, more than double the s&p. a brutal day across the board. european stocks rolled over a bit, putting additional pressure on stocks and deteriorating since then. scarlet: a 228 point swing from peak to trough. 8 we can pretty much blame that on two huge stocks. ibm makes up 6% of the doubt. united tech in particular following the most in 2011. verizon not helping either, another dow component coming in with disappointing numbers. not just equities, moving out of that if you take a look at the euro, the euro is coming back after four days of weakness. just off the session highs, the s&p boosted credit ratings. five days if you look at it over a longer time. . alix: we did have that monster run, we were optimistic that we might see

i am her editor now at yahoo! news where she is of vital part of this exciting news operation that we are building. i had to give a plug for yahoo! news. i hired holly bailey as an intern at newsweek she said late 2002. she started in 2003. we were stepping up for the war and we needed a great researcher. and over time she rose and rose and ultimately became newsweek's white house correspondent. i like to tell the story about how i hired her pure lee on the strength of her cover letter, which she talked about her passion of journalism and how she grew up reading news we can't always wanted to work for a news magazine but one sentence drew my attention, it was in bold letters ended said and i am not a prima donna. and i thought she is tired. i won't say why that made her different from all colleagues. the more important reason we are here tonight, which was her unique and really special qualities as a reporter, qualities that led her to write this terrific and really important book and we are gathered here it tonig

yahoo!s cash prizes. my interview with john legere is coming up. ♪ emily: it is time for the daily byte. today's number is 56 million the number of fantasy sports players across the united states and canada. yahoo! sports rolled out a new fantasy sport offerings to allow fans to compete with friends for money with daily and weekly contests. we spoke with the vice president of products. >> we have been in fantasy sports for years. users spend 30 billion minutes a year on it. while traditional fantasy sports makes up a significant percentage, we are seeing emerging growth with daily fantasy for competition and gratification. we felt it was a great opportunity to introduce a component. emily: the new offering will integrate yahoo! sports real-time news and scores into one experience. there are rivals. we asked ken what makes them unique. >> we have a history over a long span of time. year after year, we improve. when you combine the fact that fantasy is ultimately a social product, where you're

yoo yahoo was good until they told you about the future. >> yahoo will be viewed by some as a value playecause you have $32 billion of alibaba being spun and then you are still getting the core business for a low multiple. >> noclarity, no in. >> when we come back a lot more earnings. jim is still showing off the cuff links. >> it's disappointing and it hasn't even been thought of. >> meanwhile sara eisen just got off the phone from the ceo of coke. we'll talk about the analysts downgrading the stock. right now down about 7%. is that a buying opportunity or a sign of more pain to come. fufs fuf futures in the red. a lot more "squawk on the street" in a moment. if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. share your summer moments in your mercedes-benz with us. >>> coke is going to be one of the bright spots this morning. earnings revenue and volume and pricing peating expectations today. sara got some color on the quart

i don't think everyone has the clarification. >> how about yahoo!? >> i don't like yahoo! i don't like the way it's been run. i'm not a big fan of it up here at $40. i know the reason that all of us cite the runup is what they owned with alibaba and, of course, yahoo! japan. it's not enough of a reason to hold it anymore. i have no position in here and i'm not interested in the stock. >> it helps on the pay up and hurts on the way down. >> and that tax consequence could make it worse. >>> coming up, the najariani are looking for something unusual. you'd be making money right now. stick around for the trade update. unusual activity to unusual food. can you guess what's on top of this twinkie? >> no. >> it's one of those strange combinations you will ever see guaranteed. >>> the prospects are very dim for a settlement. >> real money. >> the price of gas $3, $3.50. >> we like quality content. quality distribution. >> the most profitable hour of the trading day. >> i'm used to living in controversy. ♪ every auto insurance policy has a number. but not every insurance company un

yahoo!s up, but the stock is falling in after-hours trading. we will talk to the numbers causing the drop, next. ♪ emily: it is now time for the daily byte, one number that tells a whole lot. today is -12.3%. that is how much silliness been wiped off of all comes stock this year. rethinking strategy, raising the possibility of a company split. a breakup has been talked about before, one scenario would keep the chipmaking business separated in the patent licensing arm. we will be watching tomorrow's quarterly earnings report for clues about what is next. and yahoo! shares are falling at the company's or casted sales come in below analyst estimates. but the revenue beat estimates jumping to $1.4 billion versus expectations of $1.03 billion. that is 15 percent year-over-year. marissa meyer also waiting to -- pointing to growth in the maven businesses. they grew to over $400 million. the company's founder is still with me. we have to talk about the spinoff first because there are some indication

yahoo! upping the ante on fantasy sports launching yahoo! sports and daily fantasy yesterday.his is a service that allows users to wager real money on their sports teams performance for giving 10% of their entry fees. sports gambling is illegal in all but four states. placing money in famous sports is considered legal in most hazardous classified as the above skills and not a chance. friday's parade in new york for the world cup soccer team costs about $2 million if they get it. "the new york post" reporting big business is coming up short and helping $450,000 pledged so far. major league soccer, nike and the like traumatic are among the early sponsors the city is prepared to pick up the shortfall of as much as $1.5 million. where's the money after the big win. the semi finals are set at wimbledon. they will make a fixed-rate appearance after beating bearing chairlift. he will play the other semi with robert fedor meeting thursday. senator beat france -- this is his best appearance of final four. the women's semi finals including the match between serena williams. in football,

apple, microsoft, yahoo!, biggest names in tech out with earnings in moments.avid: here what we can expect with numbers to watch, fox business's charles payne, host

morgan brennan is there with more. >> yahoo is getting set do unveil a new consumer product.ll the details of the product but here's what we do know. it is live text, now yahoo launched a live text app in hong kong with the apple itunes store in hong kong. we know it's a mobile messaging app that brings together text and video, but no audio. and now this would also make sense because we've been getting reports that yahoo has been looking to revamp its messaging services. but we're not going to get details about live text and what that looks like when it launches here until the event starts at noon eastern. back over to you. >> morgan, thanks so much. >>> now let's take a look at a two-day chart of akamai, the stock taking a dive after reporting an 8% drop in profits due to stronger dollar and rising costs. what will it take to turn this story around? tom leighton is the ceo of akamai. google has long had its own means of delivering content. you've got facebook and others, netflix has been able to put pressure on the delivery infrastructure. they're capable of doing some of wh

last month, yahoo! said the changes are directed at yahoo! itself. yahoo! in trade. >>> investors with paypal and carl i dawnecahn lobbied to focus on it. let's talk more about the ebay/paypal deal with jonathan morgan director of research at the edge consulting group. it's been the main driver for earnings for many years now. >> interestingly enough when we released our analysis to clients some of the largest activists and hedge funds in the markets, we actually say looking at the ebay spinoff. we see that in the paypal piece. now, what we think about paypal going forward, it say strong organic growth opportunity going forward but it's a little bit of a play going forward. ebay, we see is a little more opportunity there, because of the fact that you know paypal is such a high-profile situation going through the market we're seeing a lot more of investors trade in on the paypal versus eat bay the ebay. >> we've been looking at paypal and its growth strategy going forward. do you think being an independent company will help it compete effectively with the li

anna: can yahoo! deliver revenue growth again? older technology businesses struggling to redefine themselves. paul: for the last several years, it has really been about their investment in alibaba.com, which has been a huge home run. one could argue that if you back out the value of alibaba and yahoo! japan, that there is essentially no value being accorded to yahoos core business. at some point, marissa mayer is going to have to deliver revenue growth. have not seen it over the last several quarters and one could argue that the pressure is really building up on her to show that the yahoo! core business is worth owning. anna: thank you very much, paul sweeney. charlie, waiting patiently. good to see you. i'm picking up on something you wrote in your notes. you say that greece has now gone from chronic to no longer acute. is that how -- you are sort of putting it to one side. charlie: i suppose that robert being front and center in dominating all your thinking, it is still there and still a factor but it has moved away from a crisi

. >> and fantasy sports week is a huge hit and yahoo is giving players a chance to turn fantasy into cash. >> talk about fast food, the local start-up behind taco bell's on demand delivery plan. >>> the abc7 news app on the go, news that lives where you live. >> covering daly city, dublin los gatos, and all the bay area, this is abc7 news. >> welcome back at 4:43. taco bell essentially right around the corner for most but how much easier would it be to have it delivered to your door? you can because of a bay area company with a focus on delivering to your doorstep. here is that report. >> if the drive through at taco bell is not convenient enough you can now have it delivered to your home. >> it is hard to get out of the house but if they come to the house, it would be great. absolutely lovely. >> using the door dash mobile app you can pay an extra $3.99 and have it delivered by car or bike. >> [ inaudible ] >> they deliver food from other vaunts, but they started delivering for taco bell in 90 cities in california and texas with plans to expand. >> faster delivery, it >> taco bell t

yahoo! stocks fall on disappointing results. we check results. anna: spotlight greece. alexis tsipras returns to rally for a second bailout. >> it in frankfurt, the ecb ways emergency funding for greek banks as it is preparing to send another team to athens to monitor austerity complaints. -- austerity compliance. anna: welcome to "countdown." i'm anna edwards. ryan: i'm ryan chilcote. anna: at 6:00 -- let's have a look at the tech sector. let's start with apple, because i have a chart here that shows the after-hours move we saw -- this was even after the company reported a record third-quarter profit number. revenues were disappointing. ryan: this threatens to remove again that apple saw that huge rally of almost 10%. it could be one of the biggest losses ever. anna: more generally, this was the biggest tech rally since october. will that change in the session today? we have lots to talk about. apple was just one of a few tech giants that reported in yesterday's session. that came after-hou

they have a big investment in yahoo! japan. the problem with yahoo! is, their core advertising business is showing no growth. investors are concerned about that. internet ad spending is a grower every year, yet yahoo! shows no growth. francine: thank you so much. caroline hyde and paul sweeney. francine: manus: that brings us to our twitter question of the day. this takes us to the point. there you go. is the tech rally on relevant link? -- is the tech rally unraveling? francine: paul disagrees. manus: what is your twitter? we are all there. do join us. francine: authorities have arrested four people in israel after they were tied to the computer hacks of jpmorgan. elliott, this is partly about pumping and dumping. elliott: that's right, francine. this is a standard stock manipulation scheme, whereby the organizer encourages people to buy into a particular stock thereby sending the price higher, and that allows the schemer to sell their own holdings. they pump up the prices and dump their own stock. the israelis are alleged to have been involved in th

part of yahoo's strategy has been to invest for its mobil platform. shares of yahoo fell initially el after the report as you see there. >> let's turn to david garrity now for more discussion about what's happening in the tech sector and what it may mean for you and your money. he's principle at gvb research. so many people have some of these big tech names in their portfolio, either in their ira or perhaps in their mutual funds, in their 401 k. we're talking about names as big as apple. is there really growth for these big stocks. >> certainly looking at apple, we're in a situation here where the expectations are for growth over the next five years. probably better than 15% on a sick u lar secular rate and we're in a situation where apple is gaining share. apple products are being sold at they occupy the top of the market. and so from that standpoint we think apple remains the dominant player in a high growth segment, if we look at the valuation on the stock. we're still looking at a valuation which is below an n overall market multiple. we think tha

. >>> why yahoo's latest move is bad luck for bing. >>> putting the brakes on distracted driving. michael finney checks o >>> artificial turf being installed for soccer fields after a lengthy battle. opponents hope the fight is not over. caroline tyler joins us from the golden gate park. those fields are expected to open in december. >> reporter: there are other soccer fields in san francisco that are covered with artificial turves but the four being prepared here there is passionate debate. >> rights of parents are really being bull dozed. >> reporter: kathleen mcgowan describes herself as a soccer mom and opponent of artificial turf. she was arrested for trying to block construction that began the day after voters approved the project last year. >> this particular is over 50% carbon plaque. if your kids are like mine they come home covered with this. >> reporter: limited research on the recycled tire pellets is inconclusive. today we learned state environmental officials will conduct another study after one in 2010 found no significant health risk. >> the pellets i think are min

yahoo!' marissa mayer's, is trying to turn the company around with social features and -- and video. microsoft wrote down one and $7 million from the profits of the new kia unit. -- of the new kia -- of the nok ia unit. and 007 is back. daniel craig returns for "spectre," the 24th in the james bond series. it will feature some spectacular chase scenes. it comes out in the u.s. november 6. brendan: vonnie and i are going to high-five. the you get that? we are excited. vonnie: i cannot wait for the first 20 minutes p review know it is going to be -- brendan: the three daniel craig movies actually hold up. i believe in these films. vonnie: he is very athletic. [brendan laughs] brendan: we have got to move on. tom: if i said that, it would be an hr violation. brendan: the surest way to avoid nhr violation is not to utter the phrase "hr violation." cambridge bank has 40 employees and more money on its books for presidential campaigns than any other in the country. bill, how did this happen? bill:

al baby is down so yahoo!e down arguably it's a better tracking stock than the spinco will be. >> a correlation of 4.97 between al baby and yahoo!. that says it all. >> joe, quickly? >> talked about halliburton yesterday during the show. energy needs getting the need. i think it's possibly a name that you could own. >> that does it for you at "power lunch." we've got the voice of sirrion after the bell. meanwhile, "halftime" it time. >> thank you very much. mandy drury down at the nyse. tell you about that in a minute. the dow down 200 points or thereabouts right now. what's driving today's drop? take a look at these stocks. that's what's driving them. all dow components, united technologies, ibm, verizon, united health and boeing. look at united tech, down almost 8%, folks. and it was a big morning, of course, for corporate earnings. it's going to be an even bigger afternoon on the docket. apple, microsoft and the

talk about the competition from yahoo. are you concerned about yahoo?i think yahoo is a tremendous addition to the industry. it's a renowned digital company and they have a tremendous brand and very large fantasy audience yahoo will introduce new consumers to the game. it is further proof this is a rabidly growing space that is exciting. >> is that good? you think people will check it out and will eventually migrate to draft kings because your platform is better? >> i think what we really stood out and how we differentiate ourselves is to have a better platform. we were the first to mobile.en we've done consumer research, our product is generally rated higher than anyone else's product out there. i don't know explicitly we are thinking yahoo can bring a bunch of people in and they'll migrate to draft kings. i think anything good for the growth of the industry for bringing new players in and helping educate the public this is a really fun and exciteing way to enjoy sports. >> the competition is not just yahoo's platform but also a platform called fan due

alix: and yahoo! sales low , aimates, so quite frankly pretty ugly day across the board in after-hours tech, and the call is going on for all of these companies as we speak. joe: that's why i'm excited we are here talking about these ugly numbers. alix: i'm looking at apple toss after hours loss. what you see here is a decline at its trough, about 10%. to about 66 billion dollars at that low. to put that in perspective, that's the market cap of a company like priceline or costco or metlife. marketly a cosco size cap was wiped out after this report came in. the apple's huge chunk of overall market and this is something to watch for tomorrow. i'm looking at nasdaq futures after-hours. applethat microsoft and and yahoo! report, a sharp leg down in futures after-hours. already looking at a 1.2 percent or 1.8% decline. barring something else happening before the bell, it's not going to be a pretty day. i want to bring in our bloomberg west anger, emily chang. and the founder of "the facebook thank you all

we have some breaking news now out of yahoo!.just announced an initial filing with the sec to spin off the company's remaining holdings in alibaba. yahoo! expects the spinoff to be completed in the fourth quarter of 2015. that does it for this friday edition of bloomberg west. on monday, our special coverage of paypal's split from ebay will continue. i will be at the nasdaq. i will see you from new york. ♪ >> this is iowa. ♪ >> there are no fewer than 15 candidates in the state. i attended an event with one of them, governor scott walker a couple of blocks from here. jennifer jacobs from our partners at the des moines register's joining me for a classic two for this week. 1200 people in the convention center behind us.

by offering this free service, yahoo!'s playing catch-up in a space that yahoo!app is used to send 30 billion messages and snapchat senses 2 billion on its service but as i first try out livetext i have to ask why silent? >> what we found was if we removed that audio that actually people were connecting as though they were texting but receiving the expressiveness of the person they were communicating with. >> reporter: imagine the app being used in public place, trains, planes, meetings. maybe even a boring class. >> we definitely find that our early adopters are closer to the millennials and some of the teens in the severance that those tend to be the folks who are the early communicators and frequent communicators. >> reporter: it does take some getting used to but i can imagine occasions where livetexts could be a lot of fun. for "good morning america," becky worley, abc news, oakland, california. >> all right, how about this n nonmillennial try to have fun with livetext much we have the president and ceo of yahoo! marissa mayer connected via livetext. she's j