i don't know wha yahoo!'s last market capitalizatn is, they're down a l. so, i don't think microft though regrets not acquiring all of yahoo! think they're fairl happy wi the positi that they're in. they also have managed to improv their own me grown search engin which is now call binge, and have started inch up a littleit in maetshare. so i think microft probably comes out a little bit ahead here, bu still both parties argue at yahoo! is going to thrive as well becausehey no longer ha have investn search. >> charlie: the this going to snea >> the up front ney really isn't t evacuee to yahoo! the acuee is,ahoo! disbanding. their search team. their engineering. and disbanding t team which built their advtising engine to sell ads on search. the happen to be some of the most important aspects of engineering at company there. really if yahoo! wants t be top internet cpany has to have the engineering chops to keep ing that. so, 's going to mis out on that. itill save money by not hiring those people to pay those are the people you want on your company. also, thi

i don't knowhat yahoo!'s latest mart capitalation is, they're down lot. so, i don't think crosoft though regrets not acquiringll of yahoo! i think they're frly happy with the potion that they' in. they also have managed to imove their own home grown search eine, which is now lled binge, and hav started inch up a little bit in marketshare. so i think mrosoft probably comes out a little bit ahead herebut stil both parties are that yahoo! is going to thrive as well becse they no longera to have invest in search >> charlie: thehis goingo sneak. >> the up front moy really isn't thevacuee to yahoo! the evuee is, yoo! disbanding. their search team. their engineering. and disbanding the team which built their adversing engine to sell adson search. theshappen to be some of the most important aspects of engineering at a company there. ally ifahoo! wants to be top internet comny has to have the engineering chops to keep dog that. so, it going to missut on that. it wl save money by not hiring those people to pay. those arehe people you want on your company. also, this

yahoo!'s kind of mixed. the s&p 500 is looking at resistance. we may not push past that today. taking a look at the bond situation, ben bernanke is going to be back on the hill. he's going to be testifying before the senate finance committee today. we've got the ten-year bund yield right now at 3.37%. we saw a sharp move in yields to the downside as bonds rallied right along with stocks. yesterday right now, we have the ten-year yielding 3.49%. ross, how is it looking in europe? >> no surprise to see we're a little bit on the downside today. the cnbc 300 is off 13 points. european markets two hours into the trading day, off 0.5%. the cac 40 down 0.8%. the smi off 0.3%. that just means the stocks are weaker but we have seen the yen trying to claw back from losses for the week. and they've not yet made any decision about quantitative easing. it doesn't appear yet that they've asked the chancellor for permission to go beyond the currently agreed 150 billion. so that issue is still undecided. sri. >> ross, thanks for that. let me ask you where we picked up with the yen. we mentione

would likely use microsoft's search engine bing with a bing message on yahoo!'s highly trafficked pages. fed chairman appears to have plenty in common with many americans slipping investments. according to financial disclosures, in 2008, bernanke saw his net worth fall by more than a quarter. his assets come in between $800,000 and $1.7 million. no matter how bad things get economically this is probably not the solution. police arrested a 28-year-old woman in georgia for operating an illegal strip club in her basement and garage. now, her roommate, however, has a different take. she actually says it was a surprise party to celebrate the newly renovated home. >>> well, last night's key plays on the diamond and brett favre finally makes up his mind. >>> plus, in the u.s., it's the fans who usually yell, the umpire! but in china they appear to play by different rules. your early morning sports headlines are straight ahead. >>> and your wednesday weather, the northwest is stealing the show with a very impressive heat wave. your regional forecast is coming up. you're

>> yahoo!'s deepest competitive modes are in their display advertising business. 800-pound gorilla is search in already known. it's google. display advertising is yahoo!'s strength. that's where they're devoting most of their assets. we just think they should have gotten more for this search deal. >> the stock went from $15 to $25. this quarter was lousy, missing revenues by over $1 billion. where does the stock go? >> i am going to say valuation is fair, trading at five times cash flow. that's at the lower end of the traditional media companies. there is no near-term catalysts. obviously there are people in this looking for a good deal. yahoo! had a chance, they disappoint there had. it is hard to see this stock moving near-term. it should bounce along around $15. >> mark mahaney, thank you. >>> rick tomorrow, final analyst meeting for microsoft. also that $1 billion in revenue they were light last week, they just made it back up by not having to give it to yahoo!. >>> morgan stanley has a big s

operating cash no, this is yahoo!'s wave talking about ibada. comes up a little light. 3 $5 million versus the $403 million that wall street was looking for. let's look at the company's third quarter guidance. this might be the reason why we're seeing the shares sell off to the tune of about 3% on your screen. 1.45 to $1.55 billion for its gross revenue. that includes those traffic acquisition costs and the range was 1.52 to $1.57 billion. so yahoo! is slightly lowering the mid range of the guidance there, and that might be a little softer than what folks were looking for. operating cash flow ibida the range looking at 330 to $370 million. that is substantially lower than the 430 to $430 million that some on the street were looking for here. basically we are seeing softness continue here at yahoo!. this is going to be an interesting conference call. carol barts, the company's ceo there has stressed for some time that i canyahoo! is not merely competitor, that the company is more than just search. these are the kinds of numbers that will juice mo

myake on this stuff, you know, microsoft say tech compa in computer sofare but i think yahoo!s kind an advertising company. ogle is an advertising compa company. amazonas reported today as a retailer. it's thesame story as we've se all across these earnings reports. if the economy is sluggish, revenue isoing to be down everything as mr. lytleeven sa is dependent upo the cro economic situation forhe cotry. >> suzanne: have to leave it there. thk you for joining us, scott. new york bureau chief scott gurvey. >> paul: ahead of those microsoft results, scks llied sharply, thanks to a threpeat for existing home sales. ju sales of previously owned homes rose.6%, their third straight monthlydvance. and for the rst time in mont, it's not just foreclosures tt are selling. as we continue our "reving the economy" coverag stephanie dhue reports, stabilization may have final come to the housing market. >> rorter: lower home prices, low interest rates, anthe first-time homebuyer tax cret werehe spark for buyers. and they weren't just bung rts. only a third were reclosures or sho sales, where

latest on this development from "the wall street journal," they're reporting that a source says that yahoo!'s board is, indeed, going to meet this afternoon or this evening to discuss some kind of proposal, a partnership of some kind, with microsoft. it's not clear right now whether yahoo's board is even interested in a deal anymore. and further, this source according to "the wall street journal" says it is unlikely that any resolution one way or the other will be announced today regarding any kind of microsoft/yahoo! tie-up. we'll get details on that. i guarantee you that they'll be asking those questions coming up on this conference call shortly, just to get some kind of clarification. >> you've got to wonder, jim, if there's more skepticism about a potential tie-up given the weak quarter that microsoft posted. >> i'm sorry. say that one more time. >> you've got to wonder if there's increased skepticism about the tie-up given the weak quarter that microsoft just posted. >> not only that, but microsoft continues to shoot itself in the negotiation foot. something always seems to have gone wro

through a revenue sharing agreement on the traffic generated on yahoo!'srk owned and operated and the affiliate side. traffic acquisition cost of yahoo! initial rate 88%. i think that's for the first five years of the agreement. yahoo! will continue to syndicate its existing searchability and partnership. looking to see this. changed after the first five years, but they expect that yahoo! says based on the current levels of revenue and current operating expenses the agreement will provide a benefit to annual gaap operating income of $500 million. capital expend tour savings of $200 million. yahoo! also estimates the agreement will provide benefit to annual operating cash flow of $275 million. >> yahoo! is trading, indicated lower, down 1630 to 1640. >> this is widely expected. >> for anyone who has imminent fatigue or whatever it's called, we'll see what happens. this cures the fatigue for people who thought maybe -- >> weary. >> tired of hearing this would happen, it finally happened. >> they are calling it micro -- hoo. >> bing. >> have you got licensure

under the deal, microsoft's new bing search engine will be used on yahoo!'s sites. iraqi police say seven iranians have been killed and about 300 were injured in an operation to take control of a camp housing iranian dissidents north of baghdad. clashes between police and residents are reported to be continuing inside the camp, which is run by an iranian opposition group. our correspondent in baghdad has more. >> the one thing we should say about these very dramatic- looking pictures is they are coming from the iranian opposition inside this camp, so it is difficult to independently verify exactly what we are seeing or exactly when they were taken, but let's start with what both sides agree on. clearly, there were clashes on tuesday, and there have been clashes on wednesday. it is the number of fatalities where people start disagreeing. iranians inside the camp say that a number of their people have been killed. that initially appeared to be confirmed by a policeman at the scene that the bbc spoke with, but the iraqi government denies that there have been any fatali

microsoft will power yahoo!'s search. that means bing, as it's called, is going to go to a whole lot more people. yahoo! is going to run sales for both firms. complicated but important story. david faber will have all the details coming your way. >> the brain understands all. >> the brain does. >> checking those futures for you. down 5.90. fair value needed point, 62. about 40 points on the open on the dow. >> let's get to our market reporters. 5% drop mark referred to. biggest percentage drop since november. people were worried about profits. i believe that market is trading around 35 times profit. maybe people got a little -- so we'll see exactly what happens there. that is a big story. we'll keep a close eye on that. in europe, why is it higher? a couple of key, major, i believe, chemical companies coming out. and a little bit more optimistic than people thought. in particular, saying we're back to demand levels in 2008 in a merging market. let's talk about the durable good orders. steve has those at hq. >> erin, you kn

. >> host: robert thompson, the current editor of the wall street journal, has described the yahoo!s and people who take other people's content, associated press has had some problems with that also. is daily me an aggregator? >> guest: one of the things we did from the beginning was license a lot of content. we're also licensing from another source about 500 newspapers' content. we did that for a couple reasons. one is that we think we can create a better news experience online if it's all there, and you're not jumping off -- you know, most of these ago regators you go to one page, and you jump to something that looks totally different. it's a very disjointed experience. we wanted daily me consistent and easy to use. by licensing the content, incorporating it into the site, it's a much better experience. it also allows us to do the print newsletter that we can give output format that is others can't because they don't have the rights to the content beyond a headline or maybe a snippet of the text. we can create other formats. we have a couple of products that we offer through kindle

so bing will be powering yahoo!'s search engine. in exchange yahoo!is going to be doing the advertiser search results that come up knit that you put an item into a search. so yahoo! takes care of the ad stuff and then microsoft takes care of the actual search engine so they each get something out of it. this is a ten-year deal. when you look at just how big yahoo! is search wise compared to google, it doesn't even compare. yahoo! right now at 19%, a distant second. bing makes up 8%. if you do the math and figure if those two companies come together, then you're around 27% and could they grow bigger than that, now you have a real challenge to google. that's what this is about. i do have to say, we talked to an expert today here who does search for cnn.com. he was tell us don't look for this to happen tomorrow. you're not going to find yahoo! tomorrow is powered by bing. this is something at the earliest won't be happening till 2010. it is big news today. >> i know something else a lot of people are clicking on today. obviously, these are some pretty to

yahoo!'s conference calls and the best way to trade the stocks post earnings. plus is, america blowing bubbles again. richard bernstein breaks down why the u.s. economy is ready to mimic japan. >> up next, a cnbc exclusive interview with rich ekker son. join us for that interview ahead. in these markets, i'm glad i turned to fidelity for an annuity with guaranteed income for life. that's right, guaranteed income for life. my annuity from fidelity means my retirement income is safe. it's guaranteed, no matter what happens. if guaranteed income for life sounds good to you, do what i did -- let fidelity be your guide. call fidelity at... for details about guaranteed income for life. >>> welcome back. an early indicator of global growth can be found in the activity of the mineral resource players. one of the largest players is freeport mcmoran. take a look at freeport. in an exclusive, we go inside the company's second quarter earnings with the ceo and president richard adkerson. welcome back. >> good to be back, maria. >> can you characterize what the highlights w

the 10-year deal gives microsoft access to yahoo!'s search engine audience, the second largest on the internet. now both companies hope the eventual partnership with it make a dent in google's online dominance. the deal still has to be approved by antitrust regulators. >>> the shuttle endeavour is getting a very thorough examination. astronauts are expecting the orbiter to make sure it's safe for friday's mission back to earth. nasa wants to make sure the shuttle's heat shield was not pierced during its two weeks in orbit. endeavour and its crew of seven left the international space station yesterday. >>> when thunder roars, go indoors. that's the slogan behind a new weather safety campaign in howard county. experts were on hand today to warn that when there is thunder, lightning follows. >> when it comes to thunder, it used to be a judgment call. it used to be somebody's mom or dad calling them in. what we want to say is when you hear thunder, there's no judgment call, go inside. >> lightning kills an average of 62 americans every yea

ten-year deal announced today allows microsoft to use its upgraded bing search engine to take over yahoo!'s search responsibilities. >>> extreme heat will keep a scorching grip on much of the pacific northwest today. triple digit temperatures set records today on -- rather on tuesday in portland, oregon, and sent people to pools to beat the heat. >>> in japan on tuesday, two elephants from a zoo near tokyo stayed cool with a day at the beach. they enjoyed the sand, and snacked on carrots and bananas, and came with their swimming trunks ready to go. there they go. it is now four minutes past the hour. let's go back outside to matt. >> all right, ann, thank you very much. get a check on the summer heat from mr. roker down the other side of the plaza. >> we don't want to talk too loud. >> this is matthew. >> where are you from? >> denver. >> and how old is he? >> 3 months. >> i feel like i'm johnny miller doing the golf. only i know what i'm talking about. let's take a look, show you what's going on as far as your weather is concerned. severe storms from hartford, connecticut down to virginia

they will have to work with the companies and microsoft will power yahoo!'s serves and yahoo! will handle the ad sales using microsoft's technology. google controls about two-thirds of the u.s. market share right now. we'll see if the partnership comes to fruation. in germany this morning, they have up. real estate mowingup sam zell says after posting three months of positive data, the u.s. housing market has reached what he calls an equilibrium where prices will stop falling. in an interview on krn, zell says this will help turn around the rest of the economy. >> the key to everything, in my opinion, is single family housing. >> why? >> because that's where consumgdz comes from. in other words, if people don't have confidence in the value of their biggest at et, they're not going to have confidence to spend money. >> that is residential housing. zell says commercial real estate hasn't hit its lows yet. ross. >> bertha, s.a.p. today reassured investors. the stock raised its outlook for operating margin these year. second quarter earnings, they were fairly solid, certainly abov

display advertising is yahoo!'s strength. that's where they're devoting most of their assets. we just think they should have gotten more for this search deal. >> let's talk more about the stock. the stock went from 15 to 25. this quarter was lousy, missing s revenues by over $1 billion. where does the stock go? i know you're going to say valuations are fair, but that was a story from 30 down to 15. what do you think of the stock right here? >> well, you're right. i am going to say valuation is fair. it's trading at about five times cash flow. that puts it at the lower end of the traditional media companies that can trade at five to eight times cash flow. there is no near-term catalysts. obviously there are people in this looking for a good deal. yahoo! had a chance, they disappointed there. it is hard to see this stock moving near-term.. it should bounce along around $15. >> mark mahaney, thank you. we want you to come back soon. >> rick, tomorrow financial analyst meeting for microsoft. keep your eye on that. also, that $1 billion in revenue. they were light last week. they j

one takes a year and gets turned down, that's done a lot of harm, one would imagine, to yahoo!'s business. that stock off yet again. i'm done here for now. send it back to you. >> thank you, mr. faber. he's not done for good. back shortly. back in a moment. inside the numbers from exxon mobile. they made $4 billion. does that mean they get money, like a bailout? remember last year, the $10 billion, the wind fall tax. >> haven't heard much about the wind fall profits lately, have we? >> no. >> what does all that mean? we'll get in to it. and later, astrazeneca ceos talk with mike huffman about health care reform. don't go away. >>> exxon mobile is trading lower today, down about 1.67%. why? profits, though, 66%. revenues at 46%. last year, revenues were $138.1 billion. >> wow. >> last summer was the summer of the windfall profits. a look ahead to the senior analyst research. amazing to think that the company made $138 billion in revenue. they made a mere $78.5 in terms of revenue. what does this say? surprising to you in any way? gas prices are down. it sort of makes sense. >> whe

this is costing microsoft hundreds of millions and taken a little bit of a bite out of yahoo!'s overall revenue but, they say, it makes sense for the long run. now, the question is, what is google's reaction to all this? you can read their response by going to cnnmoney.com. >> you're not going to tell us? >> i'm not going to because it's kind of interesting. >> it's a tease. say no more. let's talk farmers. tough time for farmers but an operation that saves money not just by supplying them more milk, but they supply the power, right? >> talk about natural gas, chuck. we're talking from cow patties to cow power. we'll let you vizt and show you pictures here of hillcrest sailor farm. a fourth generation dairy farm in pennsylvania. you know w the price of milk going down these days and the economy the way it is, it's difficult for them to turn a profit. so, they got creative. the 600 milking cows help power that farm using the waste. they have a mechanical scraper that collects the waste, the manure is move under to something called a digester, sounds lovely, doesn't it? stores it

the journal says yahoo!'s board will meet thursday to talk about a potential talks. yahoo!ed for upfront payment. >>> aetna out with earnings following short with corning, honeywell, verizon still to come. >> corning's here. i don't know whether someone is messing us up. they're saying nongap but i don't think that's right. excluding items the company earned 39 cents which is 7 cents ahead of expectations on revenue of 1.4. that's all above. $1.4 billion is above the $1.36 estimate. and maybe we got a bit of a look into what the company might do when 3m that reported and caused them to go up $3 or $4 and it was electronic components that p 3m made, the optical film they make for lcd flat-screen tvs. >> and the respiratory masks. >> and the masks. we know lcds are a big part of corning's business. we'll look more closely at corning when we get a chance. so far i can't tell bid/ask on where it's going to be. >> honeywell, 60 cents. looks like it meets $2.85 for the year, street's at 2.82. 2q sales of 6.7 billion. they say continued tough economic conditions. >> $7.6 billion i

yahoo!. this has s. like a courtship in the making. now they're finally getting together kind of, not in a merger, but in a partnership. so basically when you go on to yahoo! you're not going to search in their search bar with xwroog he will, you'll search with bing. this is basically ten year new deal where bing will power all use yahoo! searches and in turn yahoo! will be responsible for attracting big dollar advertisers. but did you see that pie chart? google has a massive share of the online search market. this is about 65%. microsoft has made progress with bing, but not as much to take over google's team like it says. the new search jip is receiving some favorable reviews. it has some cool features. i like when you search for the video section, for example, you can play it right there in the video search area, which is nice because you kind of bypass the pre-roll ads, but google is not running scared. you can read their response at cnnmoney.com. it is one of the most clicked on. >> i'm thinking kind of like it used to be xerox, xer

yahoo!, moving aggr s aggressively after-hours. we'll track the top traders and reports. don't expect a new toaster any time soon. while goldman breaks out your local bank is getting burned. don't let your money get charred, too. big ben is trying to get out, but is america back to doing something it just can't quit? a top strategist tells us how to trade the great american bubble machine when the post-market show continues. are on a conference call. 750,000 wish they weren't. - ( phones chirping ) - construction workers are making 244,000 nextel direct connect calls. 1 million people are responding to an email. - 151 accidentally hit "reply all." - ( foghorn blows ) that's happening now. america's most dependable 3g network bringing you the first wireless 4g network. - sprint. the now network. - ( whoosh sound ) deaf, hard of hearing and people with speech disabilities access www.sprintrelay.com. >>> welcome back to "fast money." oui in the nasdaq marketsite in times square. apple shares right now higher by more than 3% at this hour. we do have apple beating estimates. t

while microft and yahoo companies argue their partnership will be good for consumers anadvertisers, in separate video statementhanded out to reporters, e c.e.o.'s ma their motives clear. >> right now, there's e mpany that really dominates the rld wide market for search and online adverting. the partnership are announcing today will helpo create a stronger number t and increase competition in e search area. >> hoo! and microsoft the scale necessary to cpete against gole, which dominates mo than 70% of all search. >> reporter: yahoond microsoft have been dancinaround the idea of combining forc for nearly three years. that dance included a hoste takeover bid for yao! by miosoft. under the terms of tod's ten year deal, microsoft will pply the search tecology used on hoo! while yahoo! will handle sales to advertisers. the companies wi share ad revenue. yahoo! says the ptnership wi save operating expenses and increase sales but investors punishedts stock,hey're disappointed microsoft isn't pang money up front or buying any hoo! shares. standardnd poor's scott kessler says it looks as if yaho simply decided to give up on search. >> over time it might

s&p dropped 4. >>> and the dow lost 26. >>> microsoft and yahoo reached an agreement on internet search. they plan to gang up on google using microsoft's new search engine bing. they get 88% of the revenue for the first five years of the deal. >>> reach out and touch someone for free. a new free directory assistance provider. 1-800-free-411. itlets you make a call to anyone in the world free and there is a catch of course you have to listen to a couple of ten-second adds to get the call. >> free and you are saving us more money. >>> in the money saving tip of the day in a half hour we are swapping frequent flier miles for free trips. >>> an update on a dc girl quarantined in china for nine days with the h1n1 flu. she was one of nine students in her tour group diagnosed with the virus but the last to be released from the hospital. she has rejoined the group at a beijing hotel. >>> four u.s. senate pages are showing symptoms of the h1n1 flu virus and have been quarantined. they are all improving and should be back at work today or tomorrow. >> the nation's lawmakers maybe closer to reachin

gole 65% share while microsofand yahoo companies argue their panership will be good for consumers and adrtisers, in separate video statements haed out to reporters, the e.o.'s made tir motives clear. >> right now, there's one compy that really dominates the worlwide market for search and online advertising the partnership we a nouncing today will help to eate a stronger number two a increase competition in the search area. >> yaho and microsoft the scale necessary to compete against ogle, which dominates re than 70% of all search. >> reporter: yah and microsoft have been dancg around the idea of combining foes for nearly three years that dance included a hoile takeover bid for hoo! by crosoft. under the terms of tay's ten year deal, microsoft wilsupply the search thnology used on yahoo! while yahoo! will handle sale to advertisers the companies ll share ad revenue. yahoo! says the parership willave operating expenses and increase sales. but investors punished i stock, ty're disappointed microsoft isn't payi money up front or buying any yao! shares. standard a poor's scott ssler says it looks as if yahoo! simply decided to give up on search. >> over time it

s&p 500. we'll get lots from big tecktitans. microsoft, yahoo! and apple.f companies reporting second quarter results include coca-cola, pfizer, foot, caterpillar and ford. as far as economic data, it's light on the calendar, but key data on tap. today we'll get a reading on economic indicators. due out at 10:00 a.m. new york time. later this week, we'll get existing home sales for june, which are expected to have risen about 30,000 from last month. ben bernanke is the big headline. he's going to be heading to capitol hill tomorrow for a semi-annual monetary meeting. that's it it your global stock watch. christine? >> that will be very important. coming up next on "worldwide exchange," this earning season has seen the good, the bad and the ugly. verch investors seem to be focused solely on the good. stay tuned for the strategy panel after the break. welcome to the now network. currently, thousands of people are enjoying the new palm pre with its revolutionary web os. they're running multiple live applications at the same time. - ( thunder and rain ) - 3 mil

s job shop opens next week. your next dream job could be a click away. >>> google, watch your back. mike soft has -- microsoft has partnered up with yahoo. microsoft's bing search engine will power the new yahoo search. right now both companies lag far behind google. the new deal isn't expected to close till early next year. >>> twitter trouble for a chicago woman. could her single tweet have the power to take down an entire company? her rise realty says so. they're suing her after she tweeted about an apartment mold issue. she filed a class action suit first but they found the tweet and filed a suit of their own, claiming there wasn't my mold to begin w. the attorney says the realty company could have a good case if they can prove she hurt their reputation. >> you think it could set a precedent. >> i think it could set a precedent. regardless whether it's proven or not t should be a wake-up call for all of us to be careful of what we say on the internet. >> she only had about 20 followers on her twitter page. it's since been disabled. >>> the network has decided not to air an episode dealing with controversy saying it's too controversia

s&p, the last time apple missed was fourth quarter, 2002. the company has only missed three times since the fourth quarter of 1999. apple and yahoo! coming up today. >>> dow has rebounded a bit, up 24.5. thanks for watching "street signs." next the closie g bel ing bell maria. >>> house demes say they're hoping to bring a health care reform bill for a full house vote next week. they may stay past the recess to get the job done. >>> bob nardelli has returned to serb bris capital as an advisor. he was in charge of chrysler till they emerged from bankruptcy and former putnam investments chief executive charles heldman had been named ceo of freddie mac. i'm rebecca jarvis. >>> and there's a live picture of the floor of the inform stock exchange tuesday afternoon on wall street. stocks back and forth. higher by 31 points extending the rally of the last seven days as we enter the final and most important hour of the tradinging day. welcome to the "closing bell." i'm maria bartiromo on the floor of the nyse. we've been focused on ben bernanke for much of the day. a shot in the arm for the stock market, up 31 points. want to bring in bob

stories today is microsoft and yahoo are tying each other together on the search engine story in order to take on google. i want to talk about this. john forbes, senirom fortune, s writer. and paul. please forgive me, i used your line all show, you can't put two bricks together and make them fly. i love that. now, you can explain it. >> the two bricks in the story here are obviously yahoo and microsoft when it comes to search, put the two companies together and combine the respective shares of the marketplace in the u.s. you end up with 25% share small compared to google and world-wide, 8%, and even smaller compared to google world-wide. and they really are nowhere in the marketplace targeting. >> google has about 65% market share searches. as paul said, yahoo and microsoft together have about, what, 25%. does this deal work? there's so much skepticism about this deal, microsoft and yahoo. >> absolutely. in search, the more people you can get to use it, the better it becomes. microsoft has knocked effectively triple its market share. the technology has to be good and in the past, hasn't been. at least they're in the game now. in the past it didn't matter how muc

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s&p 500. down 1.4%. take a look at some of the big names that are underperforming. apple down 2.3%, yahoo 2.4%, having an incredible battle, a lot of states -- want to go after online sales taxes and that could be a trend that could continue. the one positive i want to point out is dell bernstein basically says there could be a foreseeable bounce in pc sales. i want to update you on the battle for data domain. emc, upped its offer for $33.50 for net cash, for $30 cash and stock. of course, data demand up 2.7%. and i want to point out this courtesy of mike huckman, up 2.2%, a new price target of $75. it's at $53.97. oil is in huge focus today.?Ñ so i yield the rest of my time to sharon epperson. >> brian, it's all about risk and the fact that really right now investors don't have much appetite for it. that is causing the slide we've seen, not only in oil prices, but across the board in commodities. keep in mind, though, oil is off of its lows of the session and several factors to talk about, yes, there's a lot of economic uncertainty out there and weak fundamenta fundamentals, that's nothi

s&p companies, beating estimates, which were low to begin with. so people are taking it with a grain of salt. looking forward to after the close market, the announcements. yahoo! and apple we'll be focused on next. hopefully we'll get some action there. >> do you think it's going to be the same out of those companies? >> everybody is looking for apple in particular, a can't assu assumer company. one of the only that's been able to brand technology the way they have and looking for clues in both segments there. >> i want to get to bernanke, because you had an article in the sp a couple of days ago, talking be o'our government and trust in our government. how much trust do we have in terms of what bernanke says today, exit strategy, timing? >> people are going to listen very carefully and believe he's going to do what he presents to do. but it's the past numbers people are worried about. if you spent much time with the wall straight traders as we both do, they're paranoid. they're up there with joseph stalin when it comes to paranoia. they don't take things at face value and there is speculation the numbers may have been modified. i'm not saying i personally be