news and entertainment side and the tie up with yahoo japan. they plan to create a japanese language version of the site. investors sold shares today, so it took a bit of a tumble on the news. now one of the gambles was in the i t section and jumping over 16 percent and growing concerns over hacking and data attacks is really in creasing the usage of data and that's the in crease there. they really risk the reverse until they get further clues from thebacks and key data out of the u.s., europe and other sectors as well. for now, that's all for me and back to you in the studio. >> thanks for the update at the tokyo stock exchange. many other markets in the asia region ended lower and a plunge in china. the shanghai dropped and then it fell on the profit taking. they became worried. >>> spreading to hong kong and it declined 1.4 percent in six weeks. sidney dropped to a 7th month low. the philippines extended the losses to the fifth day. malaysia pu malaysia bucked the trade. >>> the indian government has launched a new initiative for the black o

, yahoo! japanibaba, it adds up to 32 dollars per share all of that adding into the existing business. $56 overall is the price target that bernstein gets to. also says alibaba deeply under valued, which is interesting. take a look at the bloomberg terminal. we certainly have seen a big turnaround in alibaba stock as it has fallen from the ipo. falling from the peak after the ipo. yahoo! has tracked closely with alibaba. they are saying investors not taking into account the alibaba and the power it brings potentially to the table. moving on in terms of the other analysts call, now talking gopro. gopro initiated with an cowen.form at: -- ho not only for sports enthusiasts that families. looking at leadership where her outperform is coming from. also taking a look at microsoft. smith title no -- alphabet soup here just execution. down the road for the initiative that microsoft has been working on right now and gross profits are growing faster than operating expenses, which would obviously be a good th

and after alibaba and yahoo japan are broken out, yahoo is voted at next to nothing. that makes no sense to me. after the close wednesday we hear from cisco. this will be the first quarter the new ceo leads the call. i like cisco's long-term prospects but if you want to you can hear the call and make up your own mind. finally rounding up to retail earnings season with nordstrom and kohl's on thursday and j.c. penney on friday. of these -- well if you stk a gun to my head and asked which i would buy i would say "please get that gun away from my head" then i'd say to pick nordstrom. bottom line be prepared for another wild one next week as this unfathomly difficult earnings period continues to confound individuals and institutions alike. let's go to bob in illinois. bob? >> caller: yes, sir, i was wondering with the weak commodity prices are you suggesting to have about 1510-% to 15% of your assets in gold? >> i think that's right. i regard it as insurance against what i hear people telling me about what's going to have to happen because the fed printed so much money. h

i'll stick my neck out and say that the yahoo! japan has to be worth something., valued at nothing. it's the end of the higher valuations for media stocks i get that. but it's not the end of the world. with patience disney is rewarded. much more "mad money" ahead, including my exclusive with the company that's been cleaning up for a century. i have the ceo. >>> then it's up more than 10% on health care for livestock and pets and a major activist to help it really work. don't miss my exclusive with the ceo of zoetis. and then the lightning round. stick with cramer. >>> tomorrow -- kick off the trading day with "squawk on the street." live from post nine at the nyse. >> let me show you the inversion i'm doing. is there a camera on me? the numbers look better this way. >> it all starts at 9:00 a.m. eastern. ♪ every auto insurance policy has a number. but not every insurance company understands the life behind it. those who have served our nation. have earned the very best service in return. ♪ usaa. we know what it means to serve. get an auto insurance quote and see

. >> the interesting part is when you take out their shares of yahoo! japanr share of alibaba and their cash, right now that stock is trading at a network core value. a negative multiple on ebidta. the stock market is not giving them any value for the core. we think the core is challenged and the stock market's r50i9 to be a little concern there. we did a detailed note on the three year review of marissa mayer. we gave her a c. declining ebidta declining revenue. it's something that needs to be turned around but it's something more than negative. if the public markets don't fix that we think the private markets will after the spin. >> would you rather yahoo! or baba if you had to own one? >> we'd own baba because we believe in that big story there but also i'd say getting a core for free i like that in yahoo!. >> bob-g to see you. bob peck suntrust. coming up hedge fund heavyweight kyle bass embroiled in a battle royal over one hot biotech stock. a look at what it could mean for the name and whether you can get in on the action. you're watching cnbc, first in

the core business is valued at virtually nothing when you take out yahoo japan and alibaba. all the things she's done to return to capital of sharehol r shareholders but can you turn around yahoo? >> it reminds me of ibm and warn buffett. you can buy back all the stock you want, but you put that label on dog food that says new and improved but it doesn't matter if the dogs don't like it. >> you've made that comparison before. >> yes. beware, it does, in your refrigerat refrigerator, don't be like someone in my family who made a sandwich. we stopped him right before. fresh pet looks like boars head. they should wrap it in the pack. that would fool the dogs. >> we'll get cramer's mad dash and take one look at the premarket as we're looking at an up side to the open. see you in a minute. it took joel silverman years to become a master dog trainer. but only a few commands to master depositing checks at chase atms. technology designed for you. so you can easily master the way you bank. hello. i am a fully automated investment advisory service. i can help you choose investments. mo