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melissa, back to you. >> thanks, josh lipton, in cupertino. guy adami, we go with apple here >> it is a great quarter here is what i mentioned josh mentioned margins gross margins for the company were spot in line. i guess it is okay news. the really good news, services came in close to 70% the higher margin business, now services is 21.2% of the overall revenue mix. that's a really good thing there are some things you can nitpick with yes, wearable is much better, iphones maybe a slight disappointment the guidance is great. how do you trade the stock at 2.17 and change? it is coming up against the level we saw last year august the high was 227 1/2 or so does it fail here? my sense is it might be in for a pause. >> expectations were low going into particularly the revenue services number. >> remember, it was a stock down 40% last year, it was down 20% in may so the response here i think is very telling of a bar being very low. when i look at the action here, getting above 215 after hours is a breakout i think it will give a run at the old high
melissa, back to you. >> thanks, josh lipton, in cupertino. guy adami, we go with apple here >> it is a great quarter here is what i mentioned josh mentioned margins gross margins for the company were spot in line. i guess it is okay news. the really good news, services came in close to 70% the higher margin business, now services is 21.2% of the overall revenue mix. that's a really good thing there are some things you can nitpick with yes, wearable is much better, iphones maybe a...
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jon fortt standing by on intel, but starting with josh lipton who is covering intel. josh. >> kind of oppenheimer's jaabou the print. there's concern about the company heading into the print they accelerating, jumping 21% this refers to a metric that tracks the company's coore profitability, up 16%. he notes a lot of hedge funds were short this name, explaining the pop in the after hours when you are having that kind of move you are allowed to take a victory lap. here is cfo ruth porat on the print. take a listen. >> once again our results were driven by ongoing strength in mobile search in particular as well as youtube and cloud. our total revenues reflect an acceleration in reported and constant currency revenue growth across all regions compared with first quarter. >> melissa, the ceo was also on the call and gave metrics about cloud business he said google cloud reached an annual revenue run rate of over $8 billion, so lifting the curtain a bit. that's something investors want, more disclosures from google, and you are getting new metrics. google cloud has the new
jon fortt standing by on intel, but starting with josh lipton who is covering intel. josh. >> kind of oppenheimer's jaabou the print. there's concern about the company heading into the print they accelerating, jumping 21% this refers to a metric that tracks the company's coore profitability, up 16%. he notes a lot of hedge funds were short this name, explaining the pop in the after hours when you are having that kind of move you are allowed to take a victory lap. here is cfo ruth porat on...
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josh lipton has re. >> it is officia kyle giedorf aka bugga is the best fortnite player on the planet. a 16-year-old gamer fro pennsylvania, he just won the first ever fortnite world cup. his prize. $3 million. the largest single payout in e-sports history. it took place at arthur ash stadium in new york city. 59,000 tickets were sold and a whole lot more fans watched online. nearly 10 million views on youtube on the final day of competition. >> it fee amazing. i mean, i might be 30 years old but'm here. let's go. >> honestly, it is crazy. i did not expect this many people to show up and this many fans. it is an awesome experience all around. >> the event speakso the powerhouse that is fortnite, a game boasting 250 million players and $4 billion in revenue and showcases the popularity of e-sports. it might sound crazy to some but people really do like watching other people play video games p for bigze pools. 454 million people will watch e sporthis is year, a jump of 15% and a revngue gro 30% to more than $1 billion. mostly from media ghts, advertising and sponsorships. who is watchin
josh lipton has re. >> it is officia kyle giedorf aka bugga is the best fortnite player on the planet. a 16-year-old gamer fro pennsylvania, he just won the first ever fortnite world cup. his prize. $3 million. the largest single payout in e-sports history. it took place at arthur ash stadium in new york city. 59,000 tickets were sold and a whole lot more fans watched online. nearly 10 million views on youtube on the final day of competition. >> it fee amazing. i mean, i might be 30...
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josh lipton has more. ew chip investors had been expecting good at the g-20 summit and they got it. presidentrump and chinese president xi jinping agreed over e weekend to proceed with negotiations. both sides said they didn't plan to levy newga tariffsst each other's products right now. >> we had a greatin me we will beontinuing to negotiate. chipat's welcome news for companies because china is a key market for them, as well as an important link in their supply chains. the smh, an etf that tracks the chs rose in today's trade and that's after surging higher in ne, its best month since september 2010. president trump also suggested that he would lift the ban on u.s. companies selling equipment to chinese tech giant huawei in cases that don't involve u.s. national security. analysts say that could benefit chip companies that count huawei as anor int customer. >> from a high level we think this benefits semi cap equipment. we don't think that will be deemed as a national security sk. that wil be applied products and at sml. secondly this benefits micron. they can ship as many chips as
josh lipton has more. ew chip investors had been expecting good at the g-20 summit and they got it. presidentrump and chinese president xi jinping agreed over e weekend to proceed with negotiations. both sides said they didn't plan to levy newga tariffsst each other's products right now. >> we had a greatin me we will beontinuing to negotiate. chipat's welcome news for companies because china is a key market for them, as well as an important link in their supply chains. the smh, an etf...
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josh lipton has me. >> apex legends launched with a bang in february. the free-to-play game for electronic arts quickly attracted 50 million players. the new season of the game officiallync lhed with a new charter, neweapon and what are called new skins, meaning new costumes for the chacters. ea executives say "apex legends" is the fastestam growing new the company has ever had and they think net bookis or adjusted net revenue from the game could be as much as $400 million in fiscal 2020. for all of the hype, analysts say the checks indicate that the initial fervo surrounding the game cooled. in pa, it is because t company didn't update the game as quickly as the competition, meaning this ge, "fortnite," another -tfreeplay battle royal game and a giant in the market. "fortnite" has racked up 250 million players and nearly $4 billion in estimated revenue. the game is free to play but earns money when gamers make in-game purases for item like weapons and costumes. so the question now is whether ea can parked ren interest in "apex legends" with the new eea
josh lipton has me. >> apex legends launched with a bang in february. the free-to-play game for electronic arts quickly attracted 50 million players. the new season of the game officiallync lhed with a new charter, neweapon and what are called new skins, meaning new costumes for the chacters. ea executives say "apex legends" is the fastestam growing new the company has ever had and they think net bookis or adjusted net revenue from the game could be as much as $400 million in...
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josh lipton starts us off tonight from apple's headquarters in cupertino, california. ♪ >> reporter: app today sel a range of products and services from the watch to music streaming but its bread and butter remains the iphone. iphone revenue in the quarter came in at $26 billion, that was roughly in line with what wall street was looking for. that was down 12%, but it is an improvement from their prior quarter. remember in q2 iphone revenue was down about 17%. part of the issue for apple with iphone franchise right now is that the replacement cycle is eotting longer. i meane are holding on to their iphones for longer. i asked tim cook whether his trade-in programs at the company are having a positive impact or are they tightening the replacement cycle cook telling me it was a key part of the improvements sequin she'll, meaning quarter over quar mr. also he tothe trade-in and financing program were key to results in china.bu for "nightlness report", i'm josh lipton, cupertino, . californ >>> dan morgan joins us to talk more about theumbers from apple. he is a portfolio manager with sy
josh lipton starts us off tonight from apple's headquarters in cupertino, california. ♪ >> reporter: app today sel a range of products and services from the watch to music streaming but its bread and butter remains the iphone. iphone revenue in the quarter came in at $26 billion, that was roughly in line with what wall street was looking for. that was down 12%, but it is an improvement from their prior quarter. remember in q2 iphone revenue was down about 17%. part of the issue for...
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let's go back to josh lipton for more josh. >> i did have a chance to check in with apple's ceo tim cook about a few issues i want to bring you his comments one, iphone revenue of 26 billion down 12% that is a sequential improvement, and cook has talked about how he has these levers to pull when it comes to the iphone for example, we know one issue with the iphone franchise is that replacement cycle is getting longer people are holding onto their phones for longer, so trade-in programs he's mentioned as a lever. i asked him whether trade-in programs did have an impact. cook telling me it was a key part of the improvement sequentially also the trade-in and financing program were key to our results in china it was an important part of what we did, in addition to what i mentioned last call, that we were going to ignore the fx changes and essentially lower the price. and so that combined with the trade-ins and the financing programs, as long as the government -- which included a vat reduction, all of these things mixed together explain the negative 20 going to negative 4 in china. he's talki
let's go back to josh lipton for more josh. >> i did have a chance to check in with apple's ceo tim cook about a few issues i want to bring you his comments one, iphone revenue of 26 billion down 12% that is a sequential improvement, and cook has talked about how he has these levers to pull when it comes to the iphone for example, we know one issue with the iphone franchise is that replacement cycle is getting longer people are holding onto their phones for longer, so trade-in programs...
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in a moment, it will be josh lipton on alphabet but we begin with deidre bosa on amazon. >> reporter: the big qn for amazon this quarter was could they reacti -accelerate growth. at 20% it was short of the levels of the last few yanrs. ile, profits took a hit, missing wall street's expectation and coming down from record levels. o azon telling investors expect more investment ahead as it continues to implement one-day shipping. deidre bosa, "nightly business >>> alphabet stock has been lagging the market this year, in part because of concerns about slowing growth, but the company just said its net revenues actuallyaccelerated, jumping 21%. jason hal steen says hedge funds were short alphabet too which move.explain the i'm josh lipton for "nightly business report", san francisco. >>> here is why these reports are so important. when taken together,zo a and alphabet make up 13% of the nasdaq composite index, and when you add in dow component intel, together they make up 7% of the s&p 500. >>> and that brings us to intel's quarterly results, which ew past earnings estimates and topped rev
in a moment, it will be josh lipton on alphabet but we begin with deidre bosa on amazon. >> reporter: the big qn for amazon this quarter was could they reacti -accelerate growth. at 20% it was short of the levels of the last few yanrs. ile, profits took a hit, missing wall street's expectation and coming down from record levels. o azon telling investors expect more investment ahead as it continues to implement one-day shipping. deidre bosa, "nightly business >>> alphabet...
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josh lipton has the details. >> one area of focus for ibn investors, those newer technologies like cloud and analytics, though are grouped together in the company's so-called cloud and cognitive io software div and it was up about 4%. mose catchery says it was a good neer. on the othand he says what we saw this quarter comes from less important areas of thean comp like services and global financing. net/net it is why healled it a mixed quarter. he maintains a hold on ibm. ghtly business report" i'm josh lipton in san francisco. >>> on wall street today the focus was on earnings and trade. stocks were under pressure most of this session, but even further late in the day on a report from the "wall street journal" that progress on a trade deal with china has stalled over issues involving controversial chinese telecom giant huawei. by the close the industrial average lost 115 points. we areown to 27,219. nasdaq was down 37, the s&p slipped by 19. now, even after today's decline stocks are near those new highs that were set on monday, but as earning season gets underway in earnest, mike santo
josh lipton has the details. >> one area of focus for ibn investors, those newer technologies like cloud and analytics, though are grouped together in the company's so-called cloud and cognitive io software div and it was up about 4%. mose catchery says it was a good neer. on the othand he says what we saw this quarter comes from less important areas of thean comp like services and global financing. net/net it is why healled it a mixed quarter. he maintains a hold on ibm. ghtly business...
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here is josh lipton. >> google could be inme the gove crosshairs in part because of the estimated 80% market share in search. antitrust officials will have to decide if it is a monopoly harming consumers. but google officials recently testified on capitol hill, disputing that argument. >> foron example, whenmers search for information they can choose among amazon, yelp, microsoft, travelocity and many otheromnies like these that consistently report strong user growth. if you don't want to use google, there are many other information providers available. >> reporter: and then there is >> i don't think anybody reasonable is going to come to the conclusion apple is a monopoly. our share is much more modest. weon't have a dominant position in any market. >> reporter: but what about the company's app store? critics of apple and google's apptores argue that the companies favor their own apps, and as a result a whopping 70% oes to in-app spending the tech giants. apple also controls access to the app store. but some analysts thi antitrust case could be tough to make because it is not clear t
here is josh lipton. >> google could be inme the gove crosshairs in part because of the estimated 80% market share in search. antitrust officials will have to decide if it is a monopoly harming consumers. but google officials recently testified on capitol hill, disputing that argument. >> foron example, whenmers search for information they can choose among amazon, yelp, microsoft, travelocity and many otheromnies like these that consistently report strong user growth. if you don't...
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for "nightly business report", i'm josh lipton, san francisco. >>> interest rates, credit quality and whether the ipo bonanza can continue are the t y thin watch for banks in the second half of the year. first up, yields. banks typically like high rates and a steeply-risingcuield e. that lets them borrow money at lower rates and lend at higher rates. they've got neither of those things at the moment. that means even if a fed rate cut does come it might not be so bad as will at least steepen the curve even as it lower rates and i should boost the economy which will help the banks. second, cret quality. banks' own credit quality has remained robust despite fears of a slowing economy. there are growing fears about the huge rise in leverage loans and direct lending, but this is not s much an issue specifically for the banks asra fereserve chair jerome powell recently stated, the fed feels banks are in a good place andhere concerned about nonbanks that made those sorts of loans. >>> third, the ip orkts bonanza, q 2 was strong for the banks. mnaicked up towardshe end of the quarter. can it
for "nightly business report", i'm josh lipton, san francisco. >>> interest rates, credit quality and whether the ipo bonanza can continue are the t y thin watch for banks in the second half of the year. first up, yields. banks typically like high rates and a steeply-risingcuield e. that lets them borrow money at lower rates and lend at higher rates. they've got neither of those things at the moment. that means even if a fed rate cut does come it might not be so bad as will...
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lipton josh, let's start with you we talked last hour about what to watch for let's reprise that and continue the conversation josh >> tyler, apple heading into this report, the stock up more than 30% this year it's up more than 40% from its low in early january still about 10% off its all-time high we'll look for q3 eps of 210 on revenue of 53.4 billion. with iphone revenue about $26 billion. the street not expecting much there. remember, a year ago, it was closer to $30 billion in revenue. ceo tim cook has talked about levers he can pull regarding that franchise he talked in the past about the trade-in program we'll see what kind of impact it's having on the iphone franchise. a big focus on the faster growing higher margin services business analysts think that's going to jump about 15% to $11.7 billion, and focus on the september guidance, remember, apple does typically ship new phones at the end of september guys, back to you. >> thanks very much. let's bringen andy hargreaves. andy, what are you looking for, and talk to us a little bit in detail about what you expect out of china
lipton josh, let's start with you we talked last hour about what to watch for let's reprise that and continue the conversation josh >> tyler, apple heading into this report, the stock up more than 30% this year it's up more than 40% from its low in early january still about 10% off its all-time high we'll look for q3 eps of 210 on revenue of 53.4 billion. with iphone revenue about $26 billion. the street not expecting much there. remember, a year ago, it was closer to $30 billion in...
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josh lipton with those results josh >> sara, alphabet is reporting eps of $14.21. the street was looking for $11.30 also a beat on revenue, up 19% to $38.94 billion. analysts had it closer to $32.8 billion. looking quickly, google properties revenue $27.3 billion, google ad revenues $32.6 billion. google other revenues, ameri$6.2 billion. other bets and revenue at $65 million. looking at total tack in the quarter at $7.24 billion tack is a percentage of google ad revenue, 22%. and paid clicks up 28% in the quarter year over year cost per click down 11%. guys, back to you. >> josh, thanks very much for that big jump, 6% due to that eps line beat. steph, to your point, it's all about margin it's more important for google, the bottom line, compared to amazon. >> absolutely. the name has been awful. it's lagged substantially pretty much to any other company and at a reasonable valuation relative to its growth. i didn't hear the number for the websi website's growth, but i think we'reall looking for that number did you see that >> google properties is slightly better th
josh lipton with those results josh >> sara, alphabet is reporting eps of $14.21. the street was looking for $11.30 also a beat on revenue, up 19% to $38.94 billion. analysts had it closer to $32.8 billion. looking quickly, google properties revenue $27.3 billion, google ad revenues $32.6 billion. google other revenues, ameri$6.2 billion. other bets and revenue at $65 million. looking at total tack in the quarter at $7.24 billion tack is a percentage of google ad revenue, 22%. and paid...
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. >> josh lipton has -- and eaditi roy. >> niv million is the number of subscribers expected to add, and the company will add in the third quarter. now, these numbers will indicate whether the streamer's investment is paying off the guidance will indicate any concerns about competition from upcoming services from dis anybody, nbc university, among others which are pulling back popular shows like "the office" and "friends" from netflix >>> to josh lipton for a preview of ibm josh >> david, ibm stock up 25% so far this year, bounced about 12% off that today the street is looking for eps of 3.07 on retch of about 19.2 billion that would imply i talked to a member of wedbush, so focused on newer technologies and he wants to be margin improvement. guys, back to you. >> josh, thank you. >>> let's go over to aditi roy for a preview of ebay. >> ebay shares are up 40% year to date. the street will be looking for revenues of 2.68 billion on earns of 62 cents, a key metric is gross merchandise volume or the sum of all the stuff sold on the platform analysts think that number will come in at 23.
. >> josh lipton has -- and eaditi roy. >> niv million is the number of subscribers expected to add, and the company will add in the third quarter. now, these numbers will indicate whether the streamer's investment is paying off the guidance will indicate any concerns about competition from upcoming services from dis anybody, nbc university, among others which are pulling back popular shows like "the office" and "friends" from netflix >>> to josh lipton...
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lipton has the latest on microsoft for us >> yeah. wilf, news here microsoft remember, does have an answer to slack. it's called teams and it's just now making news delivering new stats showing its traction saying that team service now reaches more than 13 million daily active users and that would be ahead of slack's last reported number 10 million in the three months ended on january 31st microsoft also released this chart suggesting that teams is actually growing faster than slack. slack, of course, made its debut on the nyse back on june 20th, surged about 50% on its first day. even before the news down about 10% since then guys, back to you. >> all right josh, thanks >>> we've got about 52 minutes left in today's trading session. with the nasdaq off of its earlier highs around record levels, washington regulation is looming. could techs run be in jeopardy bring in john friedman it's been the best performing group of the market up more than 20% this year. is it price for perfection into another earnings season? >> i think big tech
lipton has the latest on microsoft for us >> yeah. wilf, news here microsoft remember, does have an answer to slack. it's called teams and it's just now making news delivering new stats showing its traction saying that team service now reaches more than 13 million daily active users and that would be ahead of slack's last reported number 10 million in the three months ended on january 31st microsoft also released this chart suggesting that teams is actually growing faster than slack....
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let's get to josh lipton with the details. hey, josh. >> i just caught up with mose and he covers the name he points to cloud and cognitive software division, the newer technologies, cloud and analytics, saying up about 4%. on the other hand he notes the margin improvement is coming from less important areas of the company, he says so global financing services it is why net-net he called it a mixed quarter and why he maintains a hold on the name ibm's jim kavanaugh is on the call he talked about the red hat ak which igs i -- acquisition, ibm's big bet on the cloud take a listen. >> this acquisition is an important milestone for ibm and one that will significantly impact the cloud landscape it is clear that the next chapter of cloud will be about shifting mission-critical work to the cloud and optimizing everything from supply chains to core banking systems >> and, remember, melissa, on august 2nd ibm will provide updated guidance reflecting the contribution of red hat. back to you. >> thank you, josh josh lipton in san francis
let's get to josh lipton with the details. hey, josh. >> i just caught up with mose and he covers the name he points to cloud and cognitive software division, the newer technologies, cloud and analytics, saying up about 4%. on the other hand he notes the margin improvement is coming from less important areas of the company, he says so global financing services it is why net-net he called it a mixed quarter and why he maintains a hold on the name ibm's jim kavanaugh is on the call he...
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josh lipton in san francisco with the story josh, can ea regain the momentum and get all of those twitch viewers? >> reporter: that's right, deirdre. the new season of apex legends launches today, ea's free to play game. after its surprise debut in february, it quickly attracted 50 million fans. the new season includes a new character, new weapon, and new skins, in other words new gear and looks for the characters ea executives say it's the fastest growing game the company has ever had and bookings could be as much as $400 million in fiscal 2020. piper's mike olson tells me the initial fervor has in part subsided in part because the game wasn't updated as frequently as fortnite, a giant in the space it's racked up 250 million players and nearly $4 billion in estimated revenue according to super data research. question for investors, can this new season of apex legend spur renewed interest in this game and give ea a lift more broadly, olson believes the free to pay style is here to say, he thinks empa is well-positioned to capitalize on the trend. others are too, activision could make a s
josh lipton in san francisco with the story josh, can ea regain the momentum and get all of those twitch viewers? >> reporter: that's right, deirdre. the new season of apex legends launches today, ea's free to play game. after its surprise debut in february, it quickly attracted 50 million fans. the new season includes a new character, new weapon, and new skins, in other words new gear and looks for the characters ea executives say it's the fastest growing game the company has ever had...
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. ♪ >>> welcome back to "fast money" we have got a news alert breaking right now on qualcomm josh lipton has the latest josh >> reporter: that's right, brian. headlines dropping here from qualcomm reuters is reported that the u.s. department of justice has asked a federal appeals court to pause in position of this antitrust ruling against qualcomm apparently with support from the energy and defense departments you recall back in may this judge ruled that the chip maker had violated antitrust laws, siding with the ftc, said qualcomm was suppressing competition. qualcomm disagreed with the conclusions and is filing for an appeal of that decision, but also asked the 9th circuit for a stay in other words put on hold two of the remedies until this appeal is heard, and now the u.s. government apparently saying, yes, you should grant that stay and qualcomm moving higher here in the after hours brian, back to you. >> guys, thank you very much josh lipton. stock is up about 3% on the news anybody here got a strong opinion on qualcomm? this has been a court case -- qualcomm and court case and liti
. ♪ >>> welcome back to "fast money" we have got a news alert breaking right now on qualcomm josh lipton has the latest josh >> reporter: that's right, brian. headlines dropping here from qualcomm reuters is reported that the u.s. department of justice has asked a federal appeals court to pause in position of this antitrust ruling against qualcomm apparently with support from the energy and defense departments you recall back in may this judge ruled that the chip...
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lipton will be covering that from cupertino. >> josh. >> reporter: heading into this earnings report apple stock has enjoyed a strong move. seen it jump more than 30% this year up more than 40% since its low in early january and one big important question for investors today is this. how is apple miss in china real performing last quarter reported the greater china revenue of $10.2 billion and that was a drop of more than 20%. now at the time ceo tim cook told me that he was seeing signs of improvement in china though and specifically that the month of march, he said was better than the average for the quarter, and for that cook credited price adjustments, his trade-in program, and he called out easing trade tensions, but since then, of course, we know that trade sections, they have persisted between the u.s. and china. just this morning we saw president trump tweeting that the chinese in his words just don't come through, so how does this really impact apple's business in china, of course, a key market for the company, a critical part of the supply chain. we'll find out in just a fe
lipton will be covering that from cupertino. >> josh. >> reporter: heading into this earnings report apple stock has enjoyed a strong move. seen it jump more than 30% this year up more than 40% since its low in early january and one big important question for investors today is this. how is apple miss in china real performing last quarter reported the greater china revenue of $10.2 billion and that was a drop of more than 20%. now at the time ceo tim cook told me that he was seeing...
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let's get to josh lipton in san francisco with more on this. hey, josh. >> reporter: melissa, teams is microsoft's response to slack, and the company just released some big, new stats showing its traction, saying that the teams service now reaches more than 13 million daily active users, ahead of slack's last reported number, 10 million in the three months ended on january 31st microsoft providing this chart showing the growth microsoft, remember, includes teams in its office 365-bundle at no additional charge. as for slack, it made its debut on the new york stock exchange on june 20th, surging about 50% on its first day, but even before this news was down about 10% since then the company can't comment due to quiet period restrictions, but worth noting when it reported results back in june it had 645 paid customers with over $100,000 in annual recurring revenue, an 84% increase from a year earlier, and that large customers accounted for 43% of total revenue. it also stresses how engaged its users are. for example, it has noted in the past on a
let's get to josh lipton in san francisco with more on this. hey, josh. >> reporter: melissa, teams is microsoft's response to slack, and the company just released some big, new stats showing its traction, saying that the teams service now reaches more than 13 million daily active users, ahead of slack's last reported number, 10 million in the three months ended on january 31st microsoft providing this chart showing the growth microsoft, remember, includes teams in its office 365-bundle...
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elon is live john ford has the amazon angle for us julia boorstin on facebook and josh lipton on apple but, elon, sketch this out for us let's start with you >> well, kelly, the justice department is launching a broad review of potentially anti-competitive behavior in big tech it'll scrutinize leading online market platforms focusing on whether they are reducing competition, stifling innovation, or just otherwise harming consumers. in a statement assistant attorney general makan del rahim said without the discipline of meaningful market-based competition, digital platforms may act in ways that are not responsible to consumer commands they do not name specific companies but google, facebook, amazon and apple, they could all get caught up in this. this review is separate but related to the doj's ongoing inquiry into whether google and apple are month opolies. the doj said it will proceed appropriately. >> so, ylan, even the department of justice has two different probes into big tech one that as to whether they are monopolies, the other about anti-trust that's a lot going on. >> that is
elon is live john ford has the amazon angle for us julia boorstin on facebook and josh lipton on apple but, elon, sketch this out for us let's start with you >> well, kelly, the justice department is launching a broad review of potentially anti-competitive behavior in big tech it'll scrutinize leading online market platforms focusing on whether they are reducing competition, stifling innovation, or just otherwise harming consumers. in a statement assistant attorney general makan del rahim...
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Jul 4, 2019
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josh lipton takes a look. >> this has broad com ceo'sdo . deals. he could be ready to make another big one. epbcts that broad com is in talks to acquire symantec, which makes cybersecurity software for both the enterprise and consumer. the two sides have been targeting a mid july anuncement, though the price is not set. so no guarantee a dea does get done. but the ft report said the transaction could be worth more than $15 billion. this is the play book buying compgies and buildin out a portfolio of products. urr example, acquiring for $6 billion for exp to the high margin storage market, and buying ca technologies for $19 billion. capitalizing on its profitable mainframe business. cnbc talked about his acquisition strategy. >> we're very good at creating, building sustainable businesses and innovation businesses we acquire. >> it doesn't always work out. the trump administration blocked qualcomm from pursuing last year citing national security concerns. analysts say this deal makes a strategic sense. though they acknowledge that br id comestors co
josh lipton takes a look. >> this has broad com ceo'sdo . deals. he could be ready to make another big one. epbcts that broad com is in talks to acquire symantec, which makes cybersecurity software for both the enterprise and consumer. the two sides have been targeting a mid july anuncement, though the price is not set. so no guarantee a dea does get done. but the ft report said the transaction could be worth more than $15 billion. this is the play book buying compgies and buildin out a...
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Jul 26, 2019
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the cfo spoke with josh lipton josh, shares are up 10% today. shaking that off you are here with more >> kelly, clearly investors focused on what is going right for alphabet the company faces real potential challenges ahead like increasing regulatory scrutiny. the cfo doesn't dismiss that but suggested to me the company is prepared for it. saying we are already subject to oversight in a number of areas this is not new. competition or copyright or intellectual an prope property. google disclosing the cloud business on track to rake in more than $8 billion annually. is the company building out more porat said we recognize that acquisitions can be additive we are open to them where they make sense i asked about the peter thiel comments where they should be investigated because it is working with the chinese military a charge google denies she did not respond. back to you. >>> thank you, josh. let's hit the top tech stories from the power rundown alphabet surge twitter is soaring too amazon stumbling just a bit we have anthony joining us from aegis
the cfo spoke with josh lipton josh, shares are up 10% today. shaking that off you are here with more >> kelly, clearly investors focused on what is going right for alphabet the company faces real potential challenges ahead like increasing regulatory scrutiny. the cfo doesn't dismiss that but suggested to me the company is prepared for it. saying we are already subject to oversight in a number of areas this is not new. competition or copyright or intellectual an prope property. google...
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Jul 23, 2019
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let's start with josh lipton on reports of an apple/intel deal what do we know? >> apple is reportedly in talks to buy intel's smartphone modem chip business. this deal is valued at $1 billion or more for patents and staff and checked in with ben of creative strategies and giving the company the necessary patent, i.p. and talent to help develop its own 5g modem instead of relying on a single supplier and apple building its own modem could be bad news for qualcomm even if apple could scale a ag modem business in-house it's a long-term threat taking perhaps as long as five years to really build out. guys, back to you. >> i was going to say, josh, for 1 billion it doesn't seem like there they can be acquiring much immediately. how much do they spend on these types of chips annually. >> so, interesting we talk about 1 billion. apple doesn't do big acquisitions often its biggest ever 3 billion for beats. 1 billion is a pretty big acquisition. apple is looking for if these are accurate, a ag modem get it off the key supplier and they have a history of bad blood. intere
let's start with josh lipton on reports of an apple/intel deal what do we know? >> apple is reportedly in talks to buy intel's smartphone modem chip business. this deal is valued at $1 billion or more for patents and staff and checked in with ben of creative strategies and giving the company the necessary patent, i.p. and talent to help develop its own 5g modem instead of relying on a single supplier and apple building its own modem could be bad news for qualcomm even if apple could scale...
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Jul 1, 2019
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seema mody watching the movers here josh lipton covering the surge in chip stocks and bertha coombs with the biggest movers at the nasdaq brian sullivan in svienna today >> after an eventful weekend in asia, we now wait to see what china will buy and how much, which companies get the commerce department licenses to sell to huawei and when trump administration officials will travel back to beijing for talks as they were expected to do in may before negotiations broke down the office of the u.s. trade representative said there are no scheduling announcements at this time president trump said he's not in a rush this truce, unlike previous truces, has no deadline morgan >> kayla, thank you. the s&p hitting a record intraday high earlier in today's session on the back of the headlines. seem wa mody has more. >> the s&p still up about .4%. and 2954, that's the level to watch to see if we can close at a record what is working for the market, financials have outperformed today. and even on friday, after a number of banks passed the fed stress test and also increased their dividends, a number of
seema mody watching the movers here josh lipton covering the surge in chip stocks and bertha coombs with the biggest movers at the nasdaq brian sullivan in svienna today >> after an eventful weekend in asia, we now wait to see what china will buy and how much, which companies get the commerce department licenses to sell to huawei and when trump administration officials will travel back to beijing for talks as they were expected to do in may before negotiations broke down the office of the...
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Jul 26, 2019
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apple and under armour set to report next week let's start with josh lipton on apple. >> mike, apple is up more than 30% this year, and one big topic front and center for apple investors will be china. remember, last quarter china revenue clocked in at 10.2 billion, a 20% drop, but cook told me at the time he saw signs of improvement, specifically that march was better than the average for the quarter, in part because the company adjusted product prices, benefitted from its trade-in program and because cook saw trade tensions easing. so how did business do in china this quarter morgan stanley's katie huberty says she sees sign china showed improvement in the quarter we will find out sara, to you >>> under armour has shown progress here is what to watch, margin. big source of improvement as they get inventories in line, lower promotion. wall street expects 46.4 watch out for new product releasements that have driven excitement and watch for international growth which has been a strong story on wall street the stock is up 50% so far this year. >> yes, absolutely >>> that does it for "c
apple and under armour set to report next week let's start with josh lipton on apple. >> mike, apple is up more than 30% this year, and one big topic front and center for apple investors will be china. remember, last quarter china revenue clocked in at 10.2 billion, a 20% drop, but cook told me at the time he saw signs of improvement, specifically that march was better than the average for the quarter, in part because the company adjusted product prices, benefitted from its trade-in...
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Jul 31, 2019
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josh lipton, cnbcne business , san francisco. >ow you kn sometimes you can just say i'm not a morning person. but are you lhaving attle extra problem with it? are you groggy in the morning? >> uh-huh. every day for me. this is my life. your phone may be able to help you out here. >> it does everything else. >> uh-huh. we're working your health. find oep how sle experts say you can get the most out of apps designed mo pro better sleep. that's that's locally-owned novec has the most reliable power in the region. and we all know how important ing reliable is. tynovec provides electrici from multiple renewable sources. oovy man! and will soon include even more solar. yeah! and novec offers convenient 24/7 online services. i just paid my electric bill. 24/7 onlnovec.rvices. power you can trt. >>> a new survey from consumer reports says 80% of adults struggle to get a goodnight's sleep at least once a week. >> i got about eight hours last night. that's not normal. >> that's a record on this shift. >> not normal to me. more and more peo
josh lipton, cnbcne business , san francisco. >ow you kn sometimes you can just say i'm not a morning person. but are you lhaving attle extra problem with it? are you groggy in the morning? >> uh-huh. every day for me. this is my life. your phone may be able to help you out here. >> it does everything else. >> uh-huh. we're working your health. find oep how sle experts say you can get the most out of apps designed mo pro better sleep. that's that's locally-owned novec has...
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Jul 3, 2019
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josh lipton has details on possible tech deal aditi roy is watching the shake-up at pot giant and ilon myu >> expectations of a fed rate cut continue to rise that's pushing stocks to new highs. bond yields to new lows. november 2016 the lowest for the ten-year yield traders saying a 25% chance the fed cuts rates by a half a percentage point in the july 30th meeting that's a 50 -- that's 50 basis points and inching off from the 20% back on monday now the countdown to jobs friday it is, economists expecting, 165,000 jobs to be added and wage inflation to tick up in may. the u.s. added a lackluster 75,000 jobs back in the may report coca-cola, starbucks, mcdonald's and accenture hitting all-time highs. >> thank you meantime, shares of tesla rising on the back of the second quarter delivery numbers late yesterday. phil lebeau has more in chicago. >> wilf, the focus and question is can tesla meet its full-year guidance when it comes to vehicle deliveries for some reference here, look at where tesla is right now they have essentially delivered about 158,000 vehicles year to date, including a
josh lipton has details on possible tech deal aditi roy is watching the shake-up at pot giant and ilon myu >> expectations of a fed rate cut continue to rise that's pushing stocks to new highs. bond yields to new lows. november 2016 the lowest for the ten-year yield traders saying a 25% chance the fed cuts rates by a half a percentage point in the july 30th meeting that's a 50 -- that's 50 basis points and inching off from the 20% back on monday now the countdown to jobs friday it is,...
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Jul 31, 2019
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josh lipton has the details. >> apple reporting and besting expectations as for q4 guidance, apple seeing a look between 61 and 64 billion. analysts were looking for 61 billion. gross margins for the company in q3 came in at 37.6% as expected. iphone revenue $26 billions that was down 12%. keep in mind that it is less bad than the prior quarter, in q2 revenue was down also. services revenue is up 13%, but apple is quick to emphasize in a year-ago period they had a one-time litigation setup. so if you normalize from that, it's up 15% from a year ago. services margins in the quarter, 61.4%. wearables up more than 50% and mac revenue at 5.8 billion this quarter greater china revenue, 9.2 billion that's down about 4% in q2 greater china revenue was down 20% i had a chance to speak briefly with tim cook. we talked about the apple iphone franchise. people are holding on to iphones longer i did ask cook whether his company's trade-in is having a material impact on that cook said it was a key part of the improvement and that the trading and financing program were key to results in china. it was a
josh lipton has the details. >> apple reporting and besting expectations as for q4 guidance, apple seeing a look between 61 and 64 billion. analysts were looking for 61 billion. gross margins for the company in q3 came in at 37.6% as expected. iphone revenue $26 billions that was down 12%. keep in mind that it is less bad than the prior quarter, in q2 revenue was down also. services revenue is up 13%, but apple is quick to emphasize in a year-ago period they had a one-time litigation...
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Jul 31, 2019
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lipton on the quarter, and josh joins us this morning from san francisco to talk about that conversation hey, josh. >> reporter: so carl, apple beat expectations and projected revenue for the current quarter that also bested forecasts iphone revenue did drop 12% to 26 billion still, that was an improvement from the march quarter which cook attributed to new trade-in and financing programs and recovery in china. on the subject of trade tensions with china, cook saying i think it always helps when the tension is lower, and i think there is some level of that in the numbers. it's hard to say how much when the countries are meeting and talking, it is better than not cook telling me he sees no evidence that his products are being boycotted in china and that he has made no significant changes to his supply chain in response to potential new tariffs. we also talked about services up 18% when adjusted for currency in a one-time gain last year i asked cook about his new video streaming service that's on the way and how he will judge its success by what metrics, cook saying the most important thin
lipton on the quarter, and josh joins us this morning from san francisco to talk about that conversation hey, josh. >> reporter: so carl, apple beat expectations and projected revenue for the current quarter that also bested forecasts iphone revenue did drop 12% to 26 billion still, that was an improvement from the march quarter which cook attributed to new trade-in and financing programs and recovery in china. on the subject of trade tensions with china, cook saying i think it always...
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Jul 23, 2019
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lipton is in san francisco to explain josh >> so, jon, tim cook could be ready to make an important acquisition here apple is now reportedly in advanced talks to buy intel's smartphone modem chip business the modem is a critical component. it's what allows devices to connect to cellar networks this deal valued at $1 billion or more for patents and staff could apparently be reached in the next week. both companies declining comment. but longtime apple watcher ben baa haener of creative strategies says that such a deal makes sense for apple. $1 billion is a rounding error for a company that boasts a net cash position, at last count, of nearly $113 billion. and he says it gives the companies the necessary patents, ip, and talent to help develop its own 5g modem instead of just relying on a single supplier, qualcomm, for that key component, especially helpful given the history of bad blood between those two tech giants. but he says it speaks to a broader trend, as well apple bringing more chip design in house the iphone includes a custom processor. the company has designed similar parts
lipton is in san francisco to explain josh >> so, jon, tim cook could be ready to make an important acquisition here apple is now reportedly in advanced talks to buy intel's smartphone modem chip business the modem is a critical component. it's what allows devices to connect to cellar networks this deal valued at $1 billion or more for patents and staff could apparently be reached in the next week. both companies declining comment. but longtime apple watcher ben baa haener of creative...
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Jul 30, 2019
07/19
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let's bring in cnbc's own josh lipton, plus dan ives, and nelie patel. josh, let me begin with you. what are the things people should be watching >> so tyler, here's what we expect when apple reports after the close today. you'll be looking for q3 eps of there 2.10 of revenue of $53.4 billion. that would be flat on the top line a few key metrics we'll be watching, one, the iphone franchise, the company's bread and butter analysts not expecting much there. iphone revenue, they're looking for around $26 billion that's versus nearly $30 billion a year ago we know there's some big challenges for that iphone franchise. the replacement cycle is extending, meaning people are holding on to their iphones for longer and as you mentioned, some challenges in china, too remember, last quarter, they told us greater china revenue did drop more than 20% when i talked to cook at that point, he did tell me he saw some signs of improvement. we'll see what he has to tell the street this quarter. also, services of course, there, tyler, faster growing, higher margin some analysts think the services secto
let's bring in cnbc's own josh lipton, plus dan ives, and nelie patel. josh, let me begin with you. what are the things people should be watching >> so tyler, here's what we expect when apple reports after the close today. you'll be looking for q3 eps of there 2.10 of revenue of $53.4 billion. that would be flat on the top line a few key metrics we'll be watching, one, the iphone franchise, the company's bread and butter analysts not expecting much there. iphone revenue, they're looking...
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Jul 2, 2019
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josh lipton has the details. hey, josh. >> reporter: the new season is officially live with a new character, new weapons and what are called new skins, meaning new costumes for the characters. ea executives say "apex legends" is the fastest-growing new game the company has had. they think adjusted revenue from the game could be as much as $400 million in fiscal year 2020 for all of the hype, analysts say the checks indicate that the initial fervor surrounding the game cooled, in part because the company didn't update the game as quickly as the competition. meaning this game, "fortnite", another free-to-play battle royal game which racked up 250 million players and nearly $4 billion in estimated revenue now. that's according to super data research so can ea spark renewed interest in "apex legends" with the new season give the stock which is up some 30% a lift some on the street clearly hopeful. michael pachter of web bush thinks they can do more than 600 million in net bookings, more than the company forecast. the
josh lipton has the details. hey, josh. >> reporter: the new season is officially live with a new character, new weapons and what are called new skins, meaning new costumes for the characters. ea executives say "apex legends" is the fastest-growing new game the company has had. they think adjusted revenue from the game could be as much as $400 million in fiscal year 2020 for all of the hype, analysts say the checks indicate that the initial fervor surrounding the game cooled, in...
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Jul 19, 2019
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josh lipton is covering microsoft's climbs to new nice, phil lebeau has the latest on boeing, steve east man new comments on the fed and mike santoli joins us with his market dashboard. let's begin with josh. >> microsoft hitting a record high today, it's now up 35% this year, up 280% since sattia nad la took the reins back in 2014 its cloud business taking center stage with azure growing in q4 a new multi-billion dollar cloud deal from at&t, cnbc reporting it's worth more than $2 billion. also strong growth in office 365 and dynamics 365 that indicates it's taking shares from rivals analysts said cloud momentum helping to offset the 10% decline we saw in gaming back to you. >>> jim, does this stock get stretched when you see it fresh highs over a trillion dollar market capital or do you think that microsoft is kind of justifying the valuation. >> this is an area i love. when you have a slow economy and it's slow here and slow around the world what you want to do is enhance your productivity. so whether it's the cloud, whether it's all these payment system stocks, whether it's artificial
josh lipton is covering microsoft's climbs to new nice, phil lebeau has the latest on boeing, steve east man new comments on the fed and mike santoli joins us with his market dashboard. let's begin with josh. >> microsoft hitting a record high today, it's now up 35% this year, up 280% since sattia nad la took the reins back in 2014 its cloud business taking center stage with azure growing in q4 a new multi-billion dollar cloud deal from at&t, cnbc reporting it's worth more than $2...
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Jul 29, 2019
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lipton is back in san francisco with the results josh >> john, the best fortnite player on the planet, that distinction now officially belongs to kyle giersdorf, aka bugha. a 16-year-old from pennsylvania won the first ever fortnite world cup, his prize $3 million. that is the largest single payout in esports history. the event taking place at the arthur ashe stadium in new york city we know 59,000 tickets were sold, and a whole lot more watched online, nearly 10 million views on youtube on the final day of competition the event really does speak to the powerhouse that is fortnite. the game boasts more than250 million players and nearly $4 billion in estimated revenue it also showcases the popularity of esports more generally. yes, people really do like watching other people play video games for big prize pools. 454 million people will watch esports this year, that would be a jump of 15%, and revenue is going to grow nearly 30% to more than $1 billion, mostly from media rights, advertising, and sponsorships so who is watching esports well, more than 80% of the audience is male accordi
lipton is back in san francisco with the results josh >> john, the best fortnite player on the planet, that distinction now officially belongs to kyle giersdorf, aka bugha. a 16-year-old from pennsylvania won the first ever fortnite world cup, his prize $3 million. that is the largest single payout in esports history. the event taking place at the arthur ashe stadium in new york city we know 59,000 tickets were sold, and a whole lot more watched online, nearly 10 million views on youtube...
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Jul 26, 2019
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josh lipton spoke with the cfo after earnings last night and joining us with more on that conversation josh >> so, deidre, he is taking a victory lap racing higher. net revenue jumping 21% so easing fears of slowing growth still there are potential challenges too like increasing regulatory scrutiny. the company has been engaging with regulators saying we are already subject to oversight in a number of areas. this is not new. whether it's competition or copyright or privacy or intellectual property, we have been engaged with regulators around the globe for quite some time what could that mean for google? she says our focus on protecting the security of google users on the millions of existing huawei handsets in the u.s. and around the world today and going forward. it's still an open item. >> its cloud business on track to rake in more than $8 billion annually is the company going to do more ago which significants to build out that unit. purat says we recognize they can be additive and open to them where they make sense but there is a lot we are doing organ organically and excited about
josh lipton spoke with the cfo after earnings last night and joining us with more on that conversation josh >> so, deidre, he is taking a victory lap racing higher. net revenue jumping 21% so easing fears of slowing growth still there are potential challenges too like increasing regulatory scrutiny. the company has been engaging with regulators saying we are already subject to oversight in a number of areas. this is not new. whether it's competition or copyright or privacy or intellectual...
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he decided to send this email to nbc news >> josh, thank you josh lipton in san francisco this raises the concern or unscores the concern that's been going on for some time that apple is losing its sight on innovation, falling behind, not as innovative as it could be >> a lot of investors have got encomfortable with the fact their products will be revolutionary, whether it's the smartphone, ipad, a mac. people want to see that rabbit they pull out of the hat every ten years. a product that will remake the entire industry. so i think that investors, if you're upset about a guy like jony ive not being there is because he's not a part of that next thing and he's been a very important part of the last few that's fine tim cook writes that letter until jony ive comes out and does it who cares. >> right if anything, tim cook has done a phenomenal job in transitioning from a leader that was impossible to follow but until cook's reputation and really what i think he has done a fantastic job at apple for is not around design, it's around being a chief financial officer, understanding how to run
he decided to send this email to nbc news >> josh, thank you josh lipton in san francisco this raises the concern or unscores the concern that's been going on for some time that apple is losing its sight on innovation, falling behind, not as innovative as it could be >> a lot of investors have got encomfortable with the fact their products will be revolutionary, whether it's the smartphone, ipad, a mac. people want to see that rabbit they pull out of the hat every ten years. a...
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Jul 5, 2019
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. >> josh lipton >>> just about 15 minutes to go until "power lunch." here's tyler mathison. >> we are going to take a second-half playbook and we are going to talk housing in the second half and take a look at what could be expected there as interest rates come back down towards those historic lows, below 4% in many areas inventory still pretty tight but in my neighborhood, i'll tell you, there's a lot out there for sale and not a lot is moving i don't know whether this has to do with the lack of assault discussion >> i wonder if it's still true that they think the spring is going to be delayed to more of a summer season. >> and some of the hottest markets right now are those that were among the coldest for many a year like pittsburg, vy hot is pittsburg, salt lake city as well, prices there moving up very swiftly >> tyler, we'll see you soon >>> hackers have found a new target ahead here, we will talk about the nba and how teams are protecting players and fans. the hacking adviser to the cavs the hacking adviser to the cavs joins me straight ahead. an
. >> josh lipton >>> just about 15 minutes to go until "power lunch." here's tyler mathison. >> we are going to take a second-half playbook and we are going to talk housing in the second half and take a look at what could be expected there as interest rates come back down towards those historic lows, below 4% in many areas inventory still pretty tight but in my neighborhood, i'll tell you, there's a lot out there for sale and not a lot is moving i don't know...
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lipton and julia bo julia borstein this is a lot of time that people are spending on this. to detriment potentially of doing other things. >> it's a totally fair point, melissa. actually, there's different metrics you can use to try to gauge the popularity of fo fortnite some people use views, and what they study is how many hours are people spending on twitch, for example, watching other people play fortnite. what's interesting in june, actually, according to the latest data, that was actually down pretty hard from the july peak of last year which was almost 150 million hours some analysts will push back on that and say views or money spent in games waxes and wanes depending on seasonality and what hot games are competing for your eyeballs at the moment. they will argue fortnite is a power house. somebody who watched this weekend, you had to be impressed by the crowds, 59,000 tickets were sold and 10 million views on you tube on the final day, and i think for epic games, the company behind fortnite, it was a big, positive event they're hoping draws more attention to the ga
lipton and julia bo julia borstein this is a lot of time that people are spending on this. to detriment potentially of doing other things. >> it's a totally fair point, melissa. actually, there's different metrics you can use to try to gauge the popularity of fo fortnite some people use views, and what they study is how many hours are people spending on twitch, for example, watching other people play fortnite. what's interesting in june, actually, according to the latest data, that was...
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. >>> broad cam nearing a deal to buy symantec josh lipton is in san francisco with more. we're certainly seeing those symantec shares surge. >> he could be ready to make another big one. cnbc confirming broad come is in talks to acquire symantec. the two sides have been targeting a mid-july announcement the price is not set, so no guarantee that a deal does get done here, but the ft reports that the transaction could be worth more than $15 billion. this is hock tan's playbook, buy companies, build out a portfolio of products and services for example, acquiring brocade for $6 million for exposure to the storage market, and buying ca technologies for $19 billion capitalizing on its profitable mainframe business it doesn't always work out though, remember the trump administration blocked broad com from pursuing qualcomm citing national security concerns this deal does make strategic sense, that security would seem to be a logical addition to broad com's portfolio, though there are questions he says. after all, hock tan is pivoting here, a traditional chip maker now moving ha
. >>> broad cam nearing a deal to buy symantec josh lipton is in san francisco with more. we're certainly seeing those symantec shares surge. >> he could be ready to make another big one. cnbc confirming broad come is in talks to acquire symantec. the two sides have been targeting a mid-july announcement the price is not set, so no guarantee that a deal does get done here, but the ft reports that the transaction could be worth more than $15 billion. this is hock tan's playbook,...
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Jul 23, 2019
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let's get to josh lipton with the latest on the results. >> i checked in with chris roland here is his take on the quarter. he said there was pent-up fear heading in, but said gross margins were better than expected at 64.3%. q3 guidance he acknowledges a bit below the streets estimates but better than feared it is the first earnings season and he says a decent report. on the call, interesting, executives giving some historical perspective here. they note they just completed their third quarter of year-on-year declines and say cycles are always different, but typically you would see four to five quarters of such year-on-year declines before growth resumes they're not trying to forecast the cycle but offer historical perspective there. they were asked directly about huawei on the call and they know that huawei represents about 3% of revenuove overall for the pat quarter. they resumed shipments of products for things under compliance they were asked about 5g and said they saw nice growth in 5g products of course, t. >> what do you make of that? >> operating margins came in a little over
let's get to josh lipton with the latest on the results. >> i checked in with chris roland here is his take on the quarter. he said there was pent-up fear heading in, but said gross margins were better than expected at 64.3%. q3 guidance he acknowledges a bit below the streets estimates but better than feared it is the first earnings season and he says a decent report. on the call, interesting, executives giving some historical perspective here. they note they just completed their third...
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Jul 24, 2019
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. >>> alphabet set to report tomorrow josh lipton here with the preview. josh. >> reporter: so, sara, alphabet is up about 9% this year but it does badly lag the market and the tech sector. street expecting q2 eps of 11.32 billion. the company is facing head quins including slowing growth and increasing regulatory threats with the doj opening the antitrust review some believe google could be in the crosshairs in part given its market share in search guys, back to you. >> thanks for that a lot of after hours moving. >> facebook has slipped as well. so it looks like it will be a bit of a test here of the notion that earnings have been good enough, we have the fed, lots of things moving in the bull's direction. very good action today. >> and regulatory pile on. >> today's record -- >> a little bit. hey, it was a soft open today, too, and there was resilience throughout the day i think you have to be careful of the fact though that we're getting to that point, semiconductors leadership group seems really super overbought, needs to cool off. we have to see how
. >>> alphabet set to report tomorrow josh lipton here with the preview. josh. >> reporter: so, sara, alphabet is up about 9% this year but it does badly lag the market and the tech sector. street expecting q2 eps of 11.32 billion. the company is facing head quins including slowing growth and increasing regulatory threats with the doj opening the antitrust review some believe google could be in the crosshairs in part given its market share in search guys, back to you. >>...
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Jul 17, 2019
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. ♪♪ ♪♪ ♪♪ >>> news this morning involving microsoft and at&t to josh lipton in san francisco. good morning, josh. >> at&t is signing up to be a bigger microsoft customer. the company just announcing a new multiyear collaboration. source tells me the deal is worth more than $2 billion here are the details at&t communications will move workloads that the business itself runs on to microsoft's azure. so, for example, that can include finance, accounting, and hr management. in addition, at&t communications will provide much of its workforce now with microsoft 365. that's a bundle of cloud apps that includes office 365, windows 10 and security tools. and the two companies will work together to create new 5g enabled products for customers in the future. this partnership does speak it a broader trend. companies don't just want to buy microsoft products they want to work with microsoft to figure out how to best use that technology. it is a customer need that the ceo tells me his company is well positioned to capitalize on. >> i think the next phase of the cloud and edge and ai era wil
. ♪♪ ♪♪ ♪♪ >>> news this morning involving microsoft and at&t to josh lipton in san francisco. good morning, josh. >> at&t is signing up to be a bigger microsoft customer. the company just announcing a new multiyear collaboration. source tells me the deal is worth more than $2 billion here are the details at&t communications will move workloads that the business itself runs on to microsoft's azure. so, for example, that can include finance, accounting, and...
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Jul 31, 2019
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lipton on the quarter, and josh joins us this morning from san francisco to talk about that conversation hey, josh. >> reporter: so carl, apple beat expectations and projected revenue for the current quarter that also bested forecasts iphone revenue did drop 12% to 26 billion still, that was an improvement from the march quarter which cook attributed to new trade-in and financing programs and recovery in china. on the subject of trade tensions with china, cook saying i think it always helps when the
lipton on the quarter, and josh joins us this morning from san francisco to talk about that conversation hey, josh. >> reporter: so carl, apple beat expectations and projected revenue for the current quarter that also bested forecasts iphone revenue did drop 12% to 26 billion still, that was an improvement from the march quarter which cook attributed to new trade-in and financing programs and recovery in china. on the subject of trade tensions with china, cook saying i think it always...
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Jul 12, 2019
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josh lipton has the details. >> a judge today ruling against larry ellison's company saying that since oracle doesn't meet the technical criteria for consideration for this bid, it cannot demonstrate prejudice as a result of other possible errors in the procurement process. so does this mean rivals like amazon and microsoft can now encroach on oracle's turf meaning the federal defense business i checked in with an analyst who said in the near term no after all, these contracts take just so long to put together but he said that it does give rivals perhaps a stronger advantage in securing cloud based spending by the government in the future. but for its part, oracle telling me it continues to secure cloud business with government agencies we look forward to working with the department of defense, intelligence community and other public sector agencies to deemploy modern, secure, hyper scale cloud solutions that meet their needs. in part they claimed a conflict of interest in the suit, that the pentagon had favored amazon in the bidding process but the pentagon plans to go ahead and award
josh lipton has the details. >> a judge today ruling against larry ellison's company saying that since oracle doesn't meet the technical criteria for consideration for this bid, it cannot demonstrate prejudice as a result of other possible errors in the procurement process. so does this mean rivals like amazon and microsoft can now encroach on oracle's turf meaning the federal defense business i checked in with an analyst who said in the near term no after all, these contracts take just...
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Jul 29, 2019
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josh lipton has more on that >> meet the best fortnite player of the planet, kyle kiersdorf, a 16-year-old from pennsylvania. he won the first ever fortnite world cup and the $3 million you just mentioned, that is the largest single payout in esports history. then event taking place at arthur ashe stadium in new york city 59,000 tickets sold, almost 10 million views on you tube on the final day of competition fortnite we know is a force, boasts more than 250 million players and almost $4 billion in estimated revenue. sarah, back to you >> were these just ordinary teenagers or well known people in the fortnite world? >> well, so you had a number of qualifying events around the world. millions and millions of people tried to qualify at the end of the day, a few hundred did. it came down to these guys when you look at him, that's a pro, he may be 16 years old but he's a professional gamer. he plays for an esports organization located out in los angeles. >> $3 million is not going to help parents tell their kids that they shouldn't be paying quite so much. >> exactly maybe they shouldn't push
josh lipton has more on that >> meet the best fortnite player of the planet, kyle kiersdorf, a 16-year-old from pennsylvania. he won the first ever fortnite world cup and the $3 million you just mentioned, that is the largest single payout in esports history. then event taking place at arthur ashe stadium in new york city 59,000 tickets sold, almost 10 million views on you tube on the final day of competition fortnite we know is a force, boasts more than 250 million players and almost $4...
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josh lipton has the details for us. >> it is now live. ea's free to play shooter made the prize debut in february, quickly attracted 50 million players. ea executives saying "apex legends" is the fastest growing new game the company ever had and saying bookings or adjusted revenue from the game could be at much as $400 million in fiscal year 2020, though analysts say that the initial fehr ver for the game has cooled can ev spark renewed interest in the game and give the stock which is up 30% this year a lift back to you. >>> let's bring in michael packetor w pactor on the list more skeptical with the rating on the stock, michael? does it factor into your bullish view >> i actually put it on the best ideas list because i know vince, who runs respond pretty well he told me how committed they were to making season two work and to continuing to have regular updates every three months or so he thinks he will reinvigorate the user base. i think it is right. this update is 18 gigabytes. it has tons and tons of stuff, in-game tournaments and stuf
josh lipton has the details for us. >> it is now live. ea's free to play shooter made the prize debut in february, quickly attracted 50 million players. ea executives saying "apex legends" is the fastest growing new game the company ever had and saying bookings or adjusted revenue from the game could be at much as $400 million in fiscal year 2020, though analysts say that the initial fehr ver for the game has cooled can ev spark renewed interest in the game and give the stock...
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the fortnite world cup josh lipton joins us with more hey, josh. >> joe, that's right fortnite players battling in new york city, at the arthur ashe stadium thousands attending. millions more watching online with epic games. fortnite's owner streaming the competition on youtube and twitch channels. your champion, kyle deersdorf. $3 million fortnite is a powerhouse the game boasts s 250 million players. and the game forced publishers like e.a. and act vision to respond. updating their games more frequently a direct answer to fortnite. in june, people spent 78 million hours watching other people play fortnite live on amazon's twitch that's down from a peak of 149 million hours last july. but michael pachter says viewership spent in-game, wax and wayne, depending on seasonality. and he says fortnite remains a powerhouse >> thank you for that report it was fascinating to watch, viral all over i don't know if you saw. joining us to talk about the market opportunity, john costas, chairman of global e-sports brand. and johnn yow heck of a weekend. i should tell my children to play fortnite. i
the fortnite world cup josh lipton joins us with more hey, josh. >> joe, that's right fortnite players battling in new york city, at the arthur ashe stadium thousands attending. millions more watching online with epic games. fortnite's owner streaming the competition on youtube and twitch channels. your champion, kyle deersdorf. $3 million fortnite is a powerhouse the game boasts s 250 million players. and the game forced publishers like e.a. and act vision to respond. updating their...