or bad for microsoft? do you want to stay on the line and talk to evan >> first of all, it's fantastic to see the progress snap is making it's just -- evan is an amazing product leader and ceo and i admire his work. it's great to see what he's doing in terms of his own spectacle work and in general about the progress snap is making to us, mixed reality absolutely is a new paradigm. we think about really what is happening with mesh, which is that ultimate cloud service that helps people have real presence irrespective of whether it is the snap spectacle or halo lens or anything from facebook or apple. we think going forward people will expect a rendezvous service in the cloud that helps them bridge in some sense their presence across all devices. that's a core focus in some sense and, of course, we will want to have vr goggles tethered to windows, halo lens, which is just absolutely taken off in the pandemic in the commercial context, right everybody is using it for remote assistance one of the things when

also google and microsoft. microsoft has gone the extra steps to make a commitment to remove its legacy emissions. i think one of the keys is that consumer-facing companies are feeling the pressure from their customers, from their supply chain partners, certainly from their employees and executives and families. and i think that is one of the reasons why the executive teams, who really want to do this anyway, are finding that it is good business sense to do it for multiple reasons. there are now more than 300 large multinational companies that have pledged to go 100% renewable energy. by the way, those power purchase agreements have played a significant role in expanding the amount of solar capacity and wind capacity in the world. let's take a moment and return to that statistic that 90% of all the new power plants in the world last year were solar and wind. that is incredible! this is one of the fastest transitions that we have ever seen in technology history, and we saw how the digital revolution disrupted so

moving on to microsoft. the annual videogame tradeshow e3 is underway with the , conference being done, all virtual. big announcements have come from publishers like microsoft. this was microsoft's first time participating in e3 since buying game publisher bethesda last year for $7.5 billion. the text i was keen to prove the deal was worth it. joining us to discuss is sarah bond, corporate vice president of gaming ecosystems. good to have you with us. you showed off 20 different games yesterday. which of them do you think are really going to take off and which are your personal favorites? sarah: it was a great day. we had 30 games if you can believe it. 27 of them in game path. i will tell you, it was really tough for me to pick a favorite. but the moment of the show that i loved the most was having todd howard from bethesda open the show and introduce their new i.p. starfield which i cannot wait to play. emily: how confident are you in halo making it this fall? i noticed that starfield has a specific releas

microsoft has that, too. of course, they also are basically at the forefront of an important spot one is with teams. that is the product that essentially competes with slack. that's very well liked and obviously is very well positioned, i think, as we increasingly see people working remotely and even once we start to return to other people's offices, this is a part of the flow. the other thing is cloud we usually talk about aws, but critics of that analysis quickly point out that the s&p earnings better a whole lot more than microsoft last year i would agree with you but the reason for that is that microsoft's earnings grew about 25% year on year over a tough time and are forecast to go higher over the next months. we know that volatility is high, options premiums are high. we're look for opportunities to sell options but we've also seen volatility how to do this i was looking to sell the april 210 put. also selling the 250 calls whether i was looking at that, $4 and $2 respectively and using that premium to

microsoft's brad smith addresses at all. plus, efforts to fight climate change and encourage racial equity across corporate america. we have got the head of xbox's game creator experience. we will chat about the newest lineup of games and how the global chip crunch is affecting the supply chain. plus, apple debuts its beats studio buzz. there is new guidance of wearing masks at apple stores. -- apple stores and offices across the contribute stocks, a late rally today. ed ludlow has the details. ed: tech leading the way. the nasdaq 100, the most tech heavy gauge, up by almost 1%, closing at a fresh record high. chinese adr's, it's best one-day gain since april. semiconductors getting in on the action as well. in terms of specific names, it is apple leading the charge. the best one-day gain since march. the news, new headphones. $150 per studio buds. this gives apple access to the non-ios crowd. one of the best gainers, netflix, 1 wall st firm saying it will increase reputation if it does not at least boost revenue. tech has b

>> microsoft, it's as steady as it gets. it's beta at 0.89 is lower than the consumer staples sector and utilities. steady as she goes up and to the right, buy it into earnings. >> stony. >> i think china's electric vehicle market is about to heat up with nio's battery swapping i'm buying a may august call diagonal. >> michael >> i like microsoft fundamentally. it doesn't tend to move that much on earnings week. i think calendars and diagonals are the way to play into it. >> that does it for us here, see you next friday 5:00 p.m. eastern time "mad money" starts right now - [presenter] the following is a paid advertisement for plexaderm skincare. watch this, it's all 100% real. witness what happens to this woman's bags under her eyes in an actual time lapse in just minutes. nothing has been doctored or tampered with. the very real problem will disappear before your eyes and hers with a revolutionary topical formulation that works in just minutes and the effects will last for hours and hours. over one million people are succes

microsoft is down ever so slightly, moving closer to the flat line. nuance is up 15%, trading around $53 a share. a reminder that that deal is for $56 a share. we'll be right back. stay with us ♪ ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa usaa. what you're made of, we're made for. these days you have to keep everything moving and reinvent the wheel. with a hybrid, you can do both. that's why manufacturers are going hybrid with ibm. with watson on a hybrid cloud factories can use ai to automate the little things so they can focus on the next big thing. businesses that want to innovate at scale are going with a smarter hybrid cloud using the technology and expertise of ibm. did you know that petco, is now a health and wellness company? their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i mis

365 as microsoft's business, but 60% of microsoft's business is now cloud-based and sasse revenue-based. so i think 35 times revenue is not particularly crazy if you compare it back to 2003, there are very different companies to going back then i think the valuations here are actually favorable reasonable, especially when you have linkedin and xbox growing at about 25% revenue growth here. microsoft is really firing on all cylinders. for those reasons, i do potentially think about mike's trade, where i might adjust that to a diagonal. i think there is a little bit more upside here for microsoft going into earnings. i would go a little further out in terms of the weeklies i might go into the may weeklies, but sell a 280 call against it, giving it a little bit of upside here on microsoft, because i think it is very strong >> mike, what do you think of those tweaks >> so one of the points i would quickly make is that if you were going to extend the tenor, that is, the maturity of the short option, you definitely want to go further out of the money than the one i selected that straight cale

i think microsoft on that list steve said apple will have a huge surprise i think the same for microsoft. that would be my selection behind door two. >> james door two you like this one >> yes, microsoft's got it we pay attention to what's happened since the pandemic hit. i've seen more and more conference calls on microsoft teams. i find more utility with those applications and i find myself more and more embedded as an enterprise to do business using microsoft products and we know all of the innovation out of the cloud, microsoft has probably the greatest intellectual capital and pocketbooks to get what they don't have going forward. i like microsoft. >> obviously just the tech stocks reporting next week carter braxton makes a point it's very rare to have tie of the biggest stocks to report in the same calendar week, this is only the fifth time this has ever happened this is almost a quarter of the s&p 500, steve grasso, so obviously this is going to be important for the markets overall in terms of tone and direction. >> so, i think, yes, i agree with carter. and your set up is spot on

microsoft in the 90s. andy jascy also started at amazon in the 90s. that said having the big change at the helm of amazon definitely could be part of the reason. but to your point wsh in terms of the consistency going forward of the apple, microsoft and amazon, what i know about these two names is they're going to continue to put up huge monster cash flow, huge earnings the big question is ultimately what is the market willing to pay for those earnings if i had to look at the two independently, i feel more comfort around microsoft only because you have the same ceo, the same story that said, andy being there since the '90s, he started when the company was a few people and now at the helm. i think they both do well long-term. but i like microsoft better because i like the gaming aspeck amazon has switch. microsoft on the gaming side is huge and continues to be a nice contributor. for that i would lean more into microsoft than amazon. >> i got you jenny, to you last for a reason you don't have a dog in the f

-based technologies microsoft and it's utilized its bond proxy and i don't want see microsoft and a lot of these other names as facing the inflationary pressures that the perception of technology could be in the inflationary environment could be because they are an asset light business they are not long the duration and they are something that belongs in everyone's portfolio not just for today, but the next coming years. >> you've been talking about it for a long time. i remember having the funny conversation with you. it's got to be at least three years ago at this point about the pronunciation of azure, the cloud business, and i know you remember that, too, but jason, it's not a big position for you, as well. revenues grew 22% and that's the fastest since 2018 and here's what jim cramer said to his investment club audience, quote. we think microsoft remains one of the strongest secular growth on the planet and analysts take up numbers and for the stock to continue as the economy gets back online in digital infrastructure it's a big position for you, too. >> yeah. scott. absolutely you

presidential administration, as ceo of microsoft. if there was one thing you would want this administration to do that would make a difference for microsoft, what would it be? satya: i think for this administration and the last administration, the most important thing is how do we get past this pandemic, because even as we speak, if you think about some of the big challenges we have around core logistics of delivering the vaccine, the vaccine supply chain, i feel the private sector needs to do its job and do it super well. we have many capabilities. even the government needs to do its job, and if anything, we have all come to recognize the strength in our institutions in the private sector and in the public sector, and how they all both need to be coordinated. and quite frankly, governments are the most capable coordinating agencies we have. we need more of that going forward. emily: the power of big tech is being scrutinized by regulators around the world, lawmakers around the world, and regular people around the world. what you thi

i think there's more upside for microsoft going into earnings. i would go further out in terms of the weekly. i might go to the may week lip and sell 280 call against it giving a little bit of upside on microsoft because i do think it is very strong. >> mike, what do you think of those tweaks >> yeah, so, one of the points i would quickly make is if you were going to extend the tenure the maturity of the short option you definitely want to go further out of the money than what i selected. the straight calendar is taking advantage of the fact the stock doesn't tend to move much the week of earnings, but give it more time this stock could move substantially higher maybe up to 285 or higher. if you are going to move to a diagonal use a longer dated expiration you definitelywant a short strike that's further out of the money than the 270 on the straight calendar using on the weekly. >> another name on deck to report next week is neo, the chinese ev giant struggling mightily down more than 15% but tony says the stock could be primed for a big rebound,

that microsoft itself created was a very simple principle. every life is of equal value. and i think every so often in our country today, people don't feel that they are regarded to -- as being equally appreciated by someone else. so, i hope we can all show greater appreciation. it's a time to remember that the enemy is a virus, not each other . then take steps in a very tangible way to give people what they need for greater success . you know, for somebody like me, yes, we need to bring broadband to every world and make it affordable for every family in urban america. we need to provide access to digital skills for everyone. we need to protect people's rights and use data that can create greater confidence in our law enforcement officers and what they do and how they do it across the country. there's always a little bit of a danger, obviously. there are a lot of problems that have technology as a piece of the solution and if we in the tech sector can recognize that opportunity to be a part of the other team and serve the entire country, i th

microsoft has that, too. of course, they also are at basically the forefront of an important spot one is with teams, that is the product that essentially competes with slack. that's very well liked and obviously is very well positioned i think as we increasingly see people working remotely even as we start to return to each other's offices, this has become part of people's workflow the other is cloud this is an area where we've had a tremendous amount. right now the company is trading 30 times over earnings that interestingly is where the s&p is although critics of that analysis might point out that the s&p earnings were hurt more than microsoft last year i would agree with you the reason is microsoft's earnings grew year on year they'll grow more in the next 12 months looking at microsoft, i fundamentally like it. volatility is high options premiums are high. we are looking to sell options and we've seen volatility. how do we take advantage of this setup? i was looking at selling the april 2.10, 2.50 selling

jared spataro, microsoft vice president. astrazeneca maintains its vaccine is safe and is looking for emergency use approval in the united states. we will have an update as cases rise globally. this is bloomberg. >> based on the current data, the vaccine is highly effective and very safe. we are very confident. many regulators are very confident. the vaccine has been approved and more than 70 countries. our next priority is to get this vaccine approved for emergency use authorization in the united states. emily: dr. dobber of astrazeneca saying that the vaccine that came under scrutiny is safe. the company is seeking emergency use authorization in the united states. it comes amid new developments regarding cases globally. germany will extend the lockdown until mid-april after the case rates doubled in a month. in new jersey, the governor paused the reopening plan as the case count surges to the highest in the nation. the cdc warning americans the spring surge could be here, warning them not to let up on social distancing and

we will get a response from microsoft. doesn't apple have enough gas in the tank to continue its car points? we will explore the answer as engineers continue to switch gears. all that in a moment. first let's get a look at the market. u.s. stocks falling at the economic threat of restrictions to control the new variant outweighed optimism about the efficacy of vaccines. our kriti gupta joins us now. kriti, it is all catching up. kriti: it absolutely is. the market getting hesitant about what should be believed about the omicron variant and what should not. we are starting to see a lot of confusing data, a lot of mixed signals about what is happening abroad and what is happening here. remember, we are also coming off a three-day rally. some stocks letting off steam, and that is exactly what happened. it led to the downside by the nasdaq. yields and the dollar we want to pay attention to. we get the cpi report tomorrow. the yields, tech relationship is something we want to watch. we want to watch the dollar-tech relationship

microsoft, apple, i really want to put the emphasis on microsoft, because you are seeing that trade a little bit differently than some of the big names. this is important to keep in mind, because tech used to trade as a bundle altogether. early in 2020, we saw them all trade together, and then you see these diversions. this is where the antitrust conversation in the u.s. comes to fruition, this idea that microsoft has a different take on what washington is proposing then google does. it could have very different impacts on their core businesses. we were talking about wind evaluations and fundamental start to matter. this could be that moment. taylor: and you are going to join us at the bottom of the hour to continue to talk about some of the tech names we are following. but i love that you ended with microsoft and google, because indeed microsoft taking aim at google as it supports a bill to give publishers more leverage over big tech? -- over big tech. microsoft's president, brad smith, emerged as a leading industry voice in favor of the law. brad: if this bill is passed, news organi

it wasn't microsoft versus everybody else it was more, microsoft as a part of his broader vision of cloud, of enterprise focus and where the consumer fit into that and giving people, giving developers what they want to use. that embrace of open source, which is very different from what microsoft had tended to say before intel in a similar position. in the past kind of intel's way. what flavor of x-86 would you like i wonder to what degree that changes if at all with pat gelsinger. >> the fact you compared him so early on to steve jobs, satya nadella sounds like a vote of confidence. >> wait. whoa, whoa, whoa i'm not saying he's steve jobs or satya nadella i'm saying those are the turnaround presidents. those turnarounded worked's in so in what ways do though structures, formulas, apply to intel's situation is all i'm saying. >> fair enough. but we can't forget the previous intel ceos that weren't quite successful i like your comparison, though, to, you know, the -- the employ that comes back and perhaps has something to prove i know that you've known pat gelsinger a long time and even sug

why should microsoft -- or should microsoft be held to a similar liability standard, maybe not strict liability but at least negligence if you are selling services and not selling sufficient logs as part of that in order to really do the work of stopping and identifying cyber breaches? mr. smith: let separate two things. one the specific, what logs we are providing. that is a factual question neither you nor i have the information about. i will take your broader question. should companies be held to adjudicated care? should they be obliged to follow reasonable cyber security? yes we do. it is important to recognize every one of these packs did not take place in the cloud. they took place on premise, on the networks, in the server rooms of these customers. they were the ones that had the logs, not us for those intrusions. rep. porter: you would agree we need a national breach law to show what the state of care is and if you do not follow the standard of care you could be held liable? mr. smith: i would separate that from what i think is most important. the most important issue in this

also microsoft's whole —— comparable. also microsoft's whole ecosystem. will wait to find out later what is revealed. anthony phillips, thank you for your time. . , to the british countryside now where the raspberry season is just beginning. farmers are expecting a good season with the industry expected to grow 15 percent more this summer. but will there be enough people to pick them? the uk has expanded visa numbers for seasonal agricultural workers this year to 30,000 — from just 10,000 last year — but will it be enough? nick marsden is chairman of british summer fruits — an organisation that represents the suppliers of 95% of berries to uk supermarkets. good to have you on the programme. are you worried, are you stressed out, or you are you stressed out, or you are you thinking the raspy pickers will come?— you thinking the raspy pickers will come? ~ ., , will come? well, we are ok this season. most _ will come? well, we are ok this season. most heart _ will come? well, we are ok this season. most heart -- - will come? well, we are ok this seas

just the execution for microsoft. this is against a backdrop where enter myself spend is only going to grow this year. that is notable that we've seen microsoft be able to establish itself on the consumer side of the business and we see growth in azure remember when we were talking about amazon web services? that was the behemoth. there was no chance for microsoft -- >> forgive me, shannon i'm just going to break away for a moment i want to go to the white house where janet yellen is being sworn in by the vice president [ inaudible >> they take this obligation freely >> that i take this obligation freely. >> without any mental reservation or purpose of evasion. >> without any mental reservation or purpose of evasion. >> and that i will faithfully discharge. >> and they will and faithfully discharge. >> the duties of the office upon which i am about to enter. >> the duties of the office upon which i am about to enter. >> so help me god. >> so help me god. >> congratulations, madam secretary. congratulations. >> okay. w

what does that mean for microsoft? dan: salesforce do not acquire slack if not for the success microsoft is happening on teams. they are expanding in terms of collaboration and software, more and more getting across applications. the more success they have within that install base, they will just have more and more monetization. unlike other faang names that are in regulatory scrutiny, microsoft went through that in the 1990's and early 2000's, they had a lot more opportunity to do m&a. emily: we will keep our eye on that. dan ives, we will let you get back on those calls. thank you for joining us. amd also out with results. the second largest maker of computer processors reported second quarter profit that more than tripled to $710 million. the company giving a bullish third-quarter earnings forecast and indicating that amd is gaining market share from its main rival, intel. who will talk about that and much more when we are joined by -- we will talk about that and much more when we are joined by the ceo. more earning

microsoft talked expectations. but, these stocks have been at or near records for day after day after day. to continue that trajectory, investors need to see something that blows the roof off of it. you know what i'm saying? emily: youtube is also looking good. as far as the alphabet numbers are concerned. but take a quick listen into that. >> this quarter, publisher partners earned more than they ever had from our network. they also paid more to youtube creators and partners than at any quarter in our history. emily: i also spoke with the alphabet cfo before the call. i think a big question for all of these companies remains antitrust. she says google received a third lawsuit from the attorney general that they continue to believe people use google because they want to, not because they have to. but, how big of an overhang is the antitrust scrutiny in the united states that could play out over years? >> it will take a really long time. we see an interesting contrast with china. china is trying to rein in its big t

where is microsoft and international relations but also preserving democracy? >> well, when we saw heart and let's say with the u.s. and china you, know, the pacific is the whitest ocean and ngo political terms, it seems to be getting reading wider style. and i do think it's just fair to acknowledge that the u.s. and chinese governments have very different world views and just very different systems of government and values and even philosophical traditions. and i do think we're in an era of a strategic competition and i don't think that's going to end and i think that's going to have a lot of implications for a great many questions. at the same time, i don't think that we can really afford to allow a divide to become a complete rupture. we need to have a dialog that pants the pacific and brings together the rest of the world, we need to identify where we can and indeed i would even say, must work together with climate being at the top of the list. and even on issues of technology, where you are seeing two spheres almost, i believe will be a need for some level

at microsoft headquarters in washington, 11:00 a.m. on wall street, and "squawk alley" is live ♪ ♪ ♪ ♪ >>> happy wednesday. welcome to "squawk alley." i'm jon fortt with carl quintanilla. major indices selling off as a slew of earnings microsoft reported last night and is bucking the dow. it is up more than 3%. some big names like facebook, apple, and tesla are waiting on deck on what is the 11-year anniversary on the introduction of the ipad, believe it or not we are looking forward to those earnings after the bell. we are also expecting the first covid response team briefing under the biden administration we will take you there live as soon as it begins. but also happening in these markets this disconnect between fundamentals and valuations, the short squeeze, names like gamestop and amc surging surging isn't even the word for it look at that gamestop up 131% of the amc up more than 200% that's tripling. for that let's bring in leslie picker leslie, i don't know whether this is legal market manipulation, whether it is not, is

we know technology tools and services like microsoft bonds will be partof it . this should be a moment when sector employers asked themselves what can all of us do to invest in our people and for us at microsoft how can we provide the technology to make that easier? now it's a time for government to ask as well and for the small business sector as we think about stimulating the economy, i happen to believe one of the great shorts and long-term benefits is to reduce the barriers of increase for people getting new jobs by providing tax credits to small businesses to invest in training and on boarding . so that people have a brighter future. other countries around the a world are doing this. we shouldn't be a library, we should be a leader so that's one issue that sort of connectseverything we're talking about here . all of the parts of society that can contribute . the need for new ideas and leadership by the government itself >> thank you so much for joining us today. if there was one common thread in your answer , the answers to those really important questions,

watch that microsoft is hitting on all cylinders. it's got productivity with office cloud computing with azure, i.t. budgets are coming back, the corporates are spending and the work from home trend is here to stay people need stronger machines and more capabilities that perform their tasks. fundamentally, free cash flow microsoft on a quarterly basis was anywhere from 8 to $12 billion. they just bumped up to $17 billion last quarter so really strong move there. looking -- thinking of making about $1.90 per share up 30% year over year microsoft is another stock you hold >> anything that could change the huddle mentality when they report next week >> well, you know, you look at the two largest segments two laenget segments are cloud computing and gaming, surprisingly those make up 30-plus percent each of the revenue. so that's really where you have to look for the outlook for microsoft. and i think it's going to be hard for them to stumble just because so many things came up they were already on a trend to grow that cloud computing se

microsoft up just fractionally after that blockbuster report. alex zukin, thank you. >> thanks so much, guys. >>> duo lingo goes public, and twitter news across the wire related to ecommerce stock popped almost 5% that story's coming up when "techcheck" returns. >>> welcome back duolingo pricing above the range last night at 102 a share. the current indications are right there as we await the opening trade. with us now first on cnbc is duolingo's co-founder, and duolingo is a three-time cnbc disrupter company. great to you have. a lot of people know the app but not a lot understand the business model and data behind it tell us, first of all, about this testing business that you grew during the pandemic, and how that reflects the whole approach that duolingo is taking >> well, first of all, thank you for having me here so, see, a lot of people know the appware, the most popular way to learn languages in the world. we're an app use it on android and iphones. to give an idea for a scale. there are more people learning languages on duolingo in the u

that is what microsoft and rubrik has focused on. from prevention detection, rubrik is coming in for medication -- mitigation. emily: let's talk about the payment part of this. how do you enable customers to get their data back without paying? some of these customers are paying millions of dollars. bipul: it's about how you get your applications back up and running and how you get control of the data. you need your backup to be rock solid. that is a core part of the strategy. how do you prevent the backup from getting infected? and it has not been touched by ransomware, that is the key. it is gathering the availability of data. and it is how our customers will want to pay. emily: microsoft itself has been a target of cyberattacks in recent months. what does microsoft get out of the strategic investment like this? >> rubrik and microsoft have been partners for quite some time. in the year 2018, microsoft announced rubrik was their top partner that year. what has evolved is this notion of zero trust and the concept that more and more p

, apple, microsoft, google. i think it confirms — microsoft, google. i think it confirms the _ microsoft, google. i think it confirms the validity - microsoft, google. i think it confirms the validity of - microsoft, google. i think it confirms the validity of the | confirms the validity of the sector. there has been such a change to shifting online. when google and microsoft succeed, all other people in the ecosystem succeed and it indicates a massive shift for businesses to use more and more online tools and more cloud tools and i think it is a positive for nearly everyone in the sector. positive for nearly everyone in the sector-— positive for nearly everyone in the sector. ., ~ , ., , . the sector. thank you very much indeed. the number ofjob vacancies in the uk surpassed pre—pandemic levels in the three months tojune, according to the office for national statistics. and today the recruitment & employment confederation says employer confidence in hiring is at an all—time high, but staff shortages threaten to damage their optimism. so are firm

and microsoft. so we'll see if it makes some more strides there again, carl, deeply unprofitable business but key parts of alphabet's future, of course >> also keeping our eyes on the vicks today. the fed meeting obviously coming up and some discussion about what the cdc may say this afternoon about mask guidelines. let's get to the half. >>> all right, carl thank you so much i'm scott wapner. welcome to the "halftime report" good to see you. the moment of truth for big tech maybe the markets as we count down to earnings reports from apple, microsoft aband alphabet. debate each company. stephanie link, joeter joov. tiffany mcgee. jon najarian all eyes on the -- joe, terranova as we go alphabet hitting a new high today ahead of the print it's exciting after the bell today. >> it's exciting if you're a holder of alphabet and i look at the three stocks that i own that will be reporting today, alphabet, microsoft and apple. on i'm most excited about alphabet i believe clearly there is a lot of positive

when it comes to microsoft, we want to get the numbers on azure. that's a huge component of their business we want to see what that cloud space looks like for them and continue to see that growth going forward. the work from home was a big boost for them so we want to see that continue. you look at alphabet, same thing. but operating margins right there is key for us. that's about 34% operating margins, when you look at a percent of net revenue i'm curious to dig in and see what those numbers look like i'm really kind of surprised at the drop we're seeing in texas instruments down 5%. it wasn't that big of a miss on that number. so i'll be curious when the call come uz out. we're going to be listening to what supply chain shortages are doing for them we heard the hp ceo this morning on your network talking about he thought shortages were going to go to second half of next year so i'm very curious to hear the intel call and see what their guidance looks like on supply chains >> microsoft is now moving higher by a percent, by the way, the intelligent

microsoft second largest acquisition ever buying nuances, important step in expanding microsoft's presence in health care and cloud transformation moving from a consumer focus when it started deeper into industry where the competition is nuance to pave the way for deeper relation. s isn't cloud and ai even outside of health care the $16 billion number represents a 23% premium over friday's close if you don't include debt, $16 billion and you see impact on nuance stock this morning up about 17% more from our interview with satya nadella later in the hour, but, carl, this is exactly the kind of story that we are centered on here on "techcheck." the meaning behind it. you see nws in the cloud bigger than everybody else if you're microsoft, if you're google, if you're ibm, if you're oracle, how do you catch up? the game is not just top-line growth it's also profit if you're satya you're probably thinking how do i leverage my strength in enterprise, in software to get more value to customers? this nuance play going deep in health care is one attempt to can do that. >> that's a great point, jon

obviously microsoft is making a big bed for good reason. >> yeah. we look at the $200 billion top line cam in the gaming business, we're a small percentage of that that number's growing. we want to grow faster than the market and investing to do that and in three big ways. talked content, clearly critical gamers play games. that's the important thing invest in our cloud infrastructure with azure and we also have an amazing community on xbox live, over 100 million people that come every month as that business continues to grow at double digits we want to outgrow the market and think we're poised to do that. >> a broughter ecosystem on multiple platforms what i think investors should focus in here on, too, you're talking about a business modelship. what happens to the 30% take that consoles traditionally took and alpple's astro, for example, takes. are you taking 30% >> our model is diversity. look at free games on our platform ad and subscriptions were know the create hear to succeed in the market. it's not about the platform. we are a creator-led ma

at microsoft, he plays a key role in spearheading the work on critical issues involving the intersection of technology and society. brad is a graduate of princeton university and received his jd from columbia university law school. over the past decade he spearheaded the company's work to advance privacy protection for microsoft customers, the rights of dreamers and other immigrants including bringing multiple lawsuits against the government on these issues. in the time i've known brad i've always thought of his insight on the responsibility of the sector to preserve and promote civil society. brad is uniquely qualified to speak about the type of values-based principles leadership not just at the corporate level but at the personal level that will be necessary for american leadership in the 21st century so we are so grateful to have you with us today and i can't thank you enough personally. >> it is great to be with you and brookings and mount vernon, two great institutions. it is a pleasure and a great topic to discuss and i look forward to it. >> we will benefit from your views on thes

microsoft is the only mega stock that hasn't seen a 10% correction from peak to trough so what is microsoft telling you and how are you trading this name dan nathan, let's go to you first tonight. >> hi, mel it's interesting when you put the graphic up there, all of the other names up there we know combined amount to about 25% of the sa&p 500, the fact that microsoft didn't have that correction is interesting in and of itself. maybe it was the bottleneck issues or issues with china. they have been through a lot of that already again, we have to look for different stories in this market they are not all the same. we did not expect them all to go down the same amount when you look at apple and amazon, amazon is down on the year apple is only up 6% on the year. then you look at microsoft and say something is going on there. i feel better heading into q 3 earnings as we head into next month. >> this is one of the best big cap tech charts in the market? >> it does set up nice look where it pulled back to, the level it consolidated to back july and it looks like it's about to make another run tow

microsoft leaving the charge. i also want to bring to your attention, gamestop, that is surging another 67% in the post market after doubling its value in regular trading. that story is still ongoing. this time, the gains are driven by a tweet from elon musk, tweeting a link to the reddit chain. we are also seeing similar moves , very much while in the line. flip of the board and we will really see those stay-at-home names take a backseat after several days of defensive trade leading. it tells you that some of the go to trade in 2020 maybe losing some of that steam in 2021. emily: thank you. who knew the word gamestop could carry so much weight. president biden is releasing climate change statements at a massive clip. i will sit down and talk about what this means for the country's most popular's -- so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig

my friend, brad smith from microsoft. a crackerjack trader on the exchanges but also owns a string of restaurants. dave, what you think about this will microsoft? >> my best guess is microsoft is just trolling based on what their competitors did to them in 1999 because this is like the exact same thing microsoft fought against 20 years ago. the hypocrisy is stunning. larry: remember they were going to break up microsoft because they were a monopoly? in the whole game completely -- and microsoft, that changes business model. it's nice to see a little brook corporate socialism. i kind of enjoyed it. a little planning from the boys. charles, and jim back to you on the market. the dow is doing very well. the s&p finished above and is doing very well, they are breaking records but the nasdaq is not. blaming this on rising longer-term interest rates, can you walk us through this? why would one or two indexes you great but the nasdaq won't do great? they are dealing with the same interest rates. >> yes, that's one part of the pr

president of microsoft. also -- implies that georgia law. for years he bought off criticism and regulation by bribing -- i am sorry, making donations to members of congress, microsoft has given 20 million to convince them they are not part of big tech, they are worse than big tech, everyone republican member of congress, policy maker wined and dined and financed by grad brad smith. china, to view windows code. china uses access to microsoft source code to help blot -- plot cyber warfare, on and on it goes year after year microsoft the ally of our biggest enemy,

microsoft has a team that does it. there are a lot of security codes that do threat hunting and the reason we have to do threat hunting is not every product stops everything. period. there is no such thing as perfect security. so you have to have the catcher's mitt behind your products and the folks who do threat hunting will be able to tap the private sector and be trained by the private sector so i think it's exactly the right thing to do. mr. katko: mr. smith, i'm going to follow up on something chairman thompson said. i'm in complete agreement with him that the information sharing is such a critical component. the problem with the information sharing is if a company has hacked -- is hacked into and they share the information, are they buying themselves more problems and more public scrutiny and perhaps more liability if they do the right thing and share that information with cisa? so what role do you see cisa as a hub for federal focal point to help abrogate all this national risk picture across the sectors? number

today, alphabet, microsoft, and twitter report after the bell. on thursday, it is apple and amazon so what are the important metrics to watch and how should you invest in technology jaso jason, good to see you why don't we start with a stock i know you like. walk us through alphabet/google. >> good to be with you guys. this is probably pound for pound the best technology company in the world. they had a big quarter last quarter in the june quarter. that was in part because they were lacking easy comparisons in the prior year due to covid, but this company continues to fire on all cylinders and it's really woven into the digital fabric of our lives. i think investors will be looking at ad spend, although we think google is going to be relatively immune to some of the problems snap faced. youtube, video is going to be important. cloud is their number three business if you will third place in the market driving a lot of optimism about google so cloud's going to be something to watch then the regulatory landscape, which has been the factor h holding

everything working for microsoft. the market was rebalancing anyway. >> we are out of time here for "closing bell," thank you so much for watching. fast money starts right now. >>> i'm melissa lee and this is "fast money. tonight on fast, a regime change on wall street those words from noted investors as names like gamestop continue to rift higher look at the moves in the after hours session. we'll get tom's take on the reddit rebellion. >>> plus, sizzling hot, beyond meat soaring today the big deal that sent shares towards an all time hour stick around for a bonus hour of "fast money. if you've got any investment qus,

for microsoft, we are doing exactly that. we are revamping what we are doing with space on our campus. we continue to invest in technology. microsoft teams is one of the greatest platforms. we are trying to use that to create this digital organization -- organizing layer that bind you together no matter you are. emily: we could have this debate for hours, but we will have to leave it there. thank you so much for joining us and sharing your new data with us. jared spark -- jared spataro, microsoft vice president. astrazeneca maintains its vaccine is safe and is looking for emergency use approval in the united states. we will have an update as cases rise globally. this is bloomberg. ♪ >> based on the current data, the vaccine is highly effective and very safe. we are very confident. many regulators are very confident. the vaccine has been approved and more than 70 countries. our next priority is to get this vaccine approved for emergency use authorization in the united states. emily: dr. dobber of astrazeneca saying vaccine c

microsoft revenue grew by 22% in the quarter. fastest pace since 2018 with cloud the key driver of that growth that up 31% and the company's personal computing business grew 12%. the stock currently trading at all-time high levels $3.23 in change. strong results out of alphabet with revenue growth 41% year over year and all eyes on the potential impact of apple's privacy changes. the new features had only a, quote, modest impact on youtube. shares of both companies having a strong year. microsoft and alphabet outperforming the s&p since january by a wide margin carl, i heard you talking about this earlier with jim and david. the sheer scale of these numbers. i mean, when you put it in context, google search revenue was $11 billion more this year than last year at the same time. john, it just kind of begs disbelief. same with microsoft. i mean, firing on all different cylinders. we talked about cloud and pc and what about gaming heading into the holiday season >> this makes perfect sense. we talked about this set up on monday the

. >> remember going into this report microsoft was u