something that just came out moments ago and again we're getting live feeds from john fortt and bringing it to you on tv and radio and this doesn't look like a big headline folks but it might be. it is called the touch id. moments ago, apple unveiling essentially a touch sensor for your phone. right now you've got a pass code you put in. they're unveiling a touch sensor. biometric fingerprint type scanner for mobile security. you may say who cares about that, just another way to protect your phone. the analyst notes that i read all the way out here and folks i've talked to about it say forget about protecting your photographs and whatever. this could be the start of a mobile payment revolution. because right now there are ways to pay for things on your phone, but people are afraid if their phone is lost, picked up by somebody else they won't have the security to pay so they don't engage it. if it is biometric, your fingerprint sensitive analysts say this could be the start of something big or a new mobile payment revolution. keep your eye on apple stock with that news. what else have we

guys, back to you. >> thanks very much to john fortt listening to the hp call. let's trade this at the desk. john we were with each other at halftime when those two reassignments came out before the earnings. what do you make of this. >> i thought it was shrewd that meg whitman elected to bring that information out prior to the earnings release. we did see a response over $26 a share, then a harsh selloff to $23.75. now we're 30 cents from where the stock closed. a big come back. i think this call was surprisingly good quite frankly. >> how do we trade this guys? >> on any rallies you short this. this is a stock up 40%. a lot of what meg whitman talked about, a lot of it is in the stock. no reason to chase this. you don't even have a chance to chase it. let this thing settle out and sell it short. >> a lot of negative headlines. pcs service struggling. enterprise spending not good. we know this this is built in? >> there is been a lot of low hanging fruit in terms of the stock price. there is nothing new you should expect until you get more guidance. october 9 i

i'm john fortt. >>> overseas news in cyprus today, a big sigh of relief. banks finally reopened after being closed for nearly two weeks. branches opened on time. lines were long. restrictions on how much money people could withdraw. and officials were prepared for the worst. but as michelle caruso-cabrera tells us, things remain calm and the worst never came. >> reporter: the banks here in cyprus open for the first time in nearly two weeks. the event marks a key step for the country's economy and also puts an end to days of uncertainty. late last week the panic started to set in. word spread the eu was forcing cyprus to shut down at least one of the country's two largest banks. the ceo of the bank destined to be liquidated appears stunned after being informed at parliament he'll be out of a job soon. is this not more fair that the most troubled bank and the investors in that most troubled bank are the ones who suffer the most? >> it's absolutely fair, the causes of the failure belong to the bank. >> reporter: the protests strengthened over the weekend as b

john fortt is here and it was first in the journal, john? >> i do know this from covering app ael while. unless you have the 30,000 foot view on the supply chain, it is hard it interpret what is going on from one detail. apple could be cutting orders because the ipod touch uses the same display and demand for the touch cools off significantly after christmas. another issue could be yield. we know apple is having a lot of trouble building iphone 5s at the end of last year and the company seemed to work out production glitches soon after the last earnings call. there are lot of reasons apple may need fewer components than feared. mark at j.p. morgan makes the same note today. look at the lifetime iphone sales. well above 40 million units over the holidays. now they are afraid of weak demand after christmas. one thing to consider, apple had huge sales in the march quarter two years ago because of the verizon iphone launch. many of the buyers are becoming eligible to upgrade. now gross margin, guidance this quarter. if this is high then that wil

for "nightly business report," i'm john fortt. >>> finally tonight, with all the focus on technology these days, one of our core building blocks seems to be getting neglected. we're talking about spelling. but several hundred students from across the nation are proving all is not lost. jane wells explains. >> longlove. >> reporter: yeah, i don't know it either, but nearly 300 of america's best and brightest are giving it a shot this week in the 86th annual scripps national spelling bee. >> ext. >> can i please have the definition? >> reporter: does spelling matter anymore? in an age of spell check, who cares? >> today's spelling matters especially because it's the first impression you're often making on people. you know, whereas 30 years ago, we might pick up the phone and call someone for business. now we're much more likely to send an e-mail or even a text message. >> reporter: fogarty, aka grammar girl, warns to be careful relying on software to fix your mistakes. many of these spelling bee words weren't even recognized by autocorrect. >> menufar? >> menufar? >> also maneuver. >>

john fortt is on that story as well for us. john? >> yeah, tyler, the street is looking for around 75 sent in eps on 25.1 billion in revenue, the decline in the pc market looks to be down 5 or 6% year over year. looms pretty large over this report. analyst are expecting the bulk of the revenue contribution to come from the business and server and tools divisions. ibm suggests enterprise spending might actually hold up. that a good sign for them. windows isn't expected to do that badly, just over 5 billion in revenue bolstered by businesses refreshing pcs with windows 7. that would be pretty good considering that number i gave before about pcs being down year over year. so we will see. we will also get a strong showing from the entertainment and devices division where xbox and kinect add strong season. so the business division is the most important but it will be interesting to see how the entertainment business is growing. tyler? >> thank you very much, john fortt. >>> how should you play microsoft ahead of the results. joining is yu

straight to john fortt. you were inside. there isn't a whole lot of buzz surrounding the stock. any more buzz on the inside? >> well, here's what's interesting, mandy. kind of as i tried to set up before the event. three big things. one was what would the pricing distribution of the ipads be. the ipad mini, the nonret it tina version selling for $299, first time we've had an ipad at the sub $300 price point. the ipad 2 sticks around 399 for full size folks. a name change on the new full size ipad, now called the ipad air, as expected, thinner, lighter, a bit more streamlined and we got a new retina ipad mini buts the price is 39 $9. it was interesting yesterday i was saying i'm not sure they will be able to build the a 7 m 7 chip into a mini at that 329 price point. turns out they raised the price, probably preserve margins there. interestingly we get the iwork and ilife apps free now with the new purchases on iios devices o macs. sets up an interesting software and services strategy to lock in to apple's ecosystems. they might lose some margin on software but this makes a stron

we also have john fortt. we need a nickname for you maybe by the end of the show. >> together we'll be mandy's angels. >> i like that. >> i like being that. >> herb will join in as well. >> outstanding. >> riding shotgun. thank you very much. mild losses in the markets after the dow closed at another record high yesterday. it was its 35th record close of the year, but let's get down to bob pisani at the nyse. we've had a lot of fed talkers today, i'm just wondering whether or not it's really moved the needle here or because there are doves on one side and hawks on the other and all speaks out there, are they canceling each other out? >> not quite. the market is feel pressure on the interest rate sensitive side because the overall stock market has become hyper sensitive to talk about higher interest rates. the dow jones industrial average down today, dennis lockhart from the atlanta fed had given an interview about 11:30 where he came out and said a tapering could begin as early as next month. a lot of people

john ford john fortt is in california for us. what are the chances of this happening, john? >> i don't think the chances of this happening is very good. in my conversationes with microsoft over the last few months, it is something that i keep bringing up, particularly because office, which is the real profit center in microsoft's business, not cell phones, not xbox, not even windows that much at this point, it is office in the business division. they don't have a version of ofgs for ios or android. that's one thing that stifel points out, advertising that microsoft is lead leaving about $2 billion on the table. microsoft's explanation is, hey, look, we are trying to drive the windows mobile strategy. but they are hoping people buy windows phone. it works better with office than other devices do. thus far, we haven't seen that working. does microsoft switch their position, tactics, if that proves not to bear out? >> john fortt, thank you very much. >>> a civil suit against bp starts today. a lawyer for for the plaintiff says bp should be held responsible because they were mor

let's get to john fortt with the ceo of blackberry rb thorsten heins. >> yes, here it is, and here he is. thorsten heins, thank you for joining us. want to start off with a question about investors. what do you say at the moment of the launch where there is positive buzz. what do you say about those giving up the stock for dead but now in the last few weeks hoping your market share would turn around next week. what do you say about the path ahead over the next couple quarters

and with more on apple, john fortt, in a minute. but first, seemo moa but first, seemo mo mody. >> we have seen the nasdaq outperform the dow and s&p the past couple of months. but this week the nasdaq underperforming the major ind disies. here are stocks that helped. first, dell, these companies will take over sun shares higher. a big winner in biotech space thanks to positive earnings and as oncology sprays, on a tear this month of 6%. other names that helped, vir tex, biogen, while apple did not give this month, other secretary oors helped keep the nasdaq afloat. >> seema, thank you very much. >>> fortress apple. john fortt has the story on a tough month for the big computer company. what do you say, john? >> tyler, let's take a walk down not so great memory lane. at least if you were apple. it says 2001, but we will say it is 2000. during the dot com bust, apple had its biggest drop in recent memory. down by more than half. that particular month. we will get to this january and say what is special about that. next on this lineup

adoeb system ceo will speak with me and john fortt in a few minute. keep it here as we sit down with mr. narayen, ceo of adobe. >>> oracle co-founder sailing in choppy waters. in his defense, america's cup, and it's cost him and san francisco millions. can he come back? we'll take a look in a story later. >>> then a $40 million stock buyback. looking like steve ballmer's last hooray. you're watching cnbc's "closing bell" first in business worldwide. >>> welcome back. wall street is expecting the federal reserve to announce a scale back, or taper, of the stimulus which has been in place for so long. not a drastic one. even if it is a small tapering back in july, our next guest said, the market will still feel it. >> any amount of reduction of liquidity, even though it will be a lot, will have the effect of tightening. if you go from 835 to 60, that's sort of like tightening. >> and joining us once again is byron wien, chairman of blackstone advisory partners. thank you for joining us. >> good to be here. >> do you still feel that way, tapering is, in e

john fortt? >> yes. this problem is not just for twitter but for apple because apple's app store has a very anti-porn policy compared to others p but twitter doesn't want this vine app getting its brand recognition for being all about quick porn clips. so they probably need to do something about that before this becomes a new gutter app. >> julia, what can they do? >> tyler, i think we should not be surprised here. every time there is a technological development, people use it as a way it show pictures of naked people. this is an surprise here. i think twitter will figure it out, john mentioned. a and they have to if they want to protect their brand. twitter has to be very fast about pulling this stuff down. >> sticking with this mobile space, samsung surpassing apple as smart phone leader. does this mean apple is losingity cool in reports out today apple may have a shoe censor app that will tell you when you need new loafers. can apple win its cool bab, john fortt? to textent it lost it? >> no. that pat

mandy. >> john fortt, thank you very much. stick around as well. so we can clearly see that stock is still hot but has the company lost its cool factor? joining us is editor sam bitter. what do you think? i saw in the notes you're liking it to at&t? really? >> i think it's think of it maybe goldman sachs with bean bag chairs. it has the decimated any relatively established successful large company. it's going to lose the glamour factor, the outsider status. lost that a while ago. with that goes the luster and cool. it's not something that should be, you know, avoided. just the way big businesses are. >> maybe it's a good thing, takes away some of the risk of working there or risk from the stock, i don't know. >> they might lose out on people who are really sort of silicon valley thrill seekers who want to be involved with something unestablished and risky and volatile and they're going to go elsewhere to a smaller -- >> i don't know. >> john? >> i don't know. >> look it's cooler than being a substitute teacher but not going to be the same thing as

john fortt. >> are social media stocks worth adding to your portfolio? >> later, brian is getting behind the wheel for a custom suit. we'll explain that. nascar is ab.out excitement but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. tens of thousands of dollars in hidden fees on their 401(k)s?! go to e-trade and roll over your old 401(k)s to a new e-trade retirement account. none of them charge annual fees and all of them offer low cost investments. e-trade. less for us. more for you. >>> all right. this is cool and just in. just minutes ago united airlines came out saying they will honor the tickets they accidentally gave away for free at giant discounts. may have heard about this. somebody made a mistake, tickets go for $0, some of them

back to you. >> thanks so much, john fortt. will apple stock be trading higher or lower this time tomorrow as a result of the announcements? >> i don'ten. max wolf says it's not the event the company's engs kugs that makes or breaks the situation. the leadership is questioned and whether competitors breathe down apple's neck. i need glasses, that's the bottom line. alex, make or break? >> i think there's something of a make or break element to it in the sense that i think coming into this android has set a relatively low bar for apple to exceed this go-round. i think that some of the mobile watch offerings have been somewhat clumsy. obviously, there's been some slack in galaxy s-4 demand. the ball is in apple's court to show it can do something with product diversification, responding to the various needs, different price points globally. and i think the stage is set for them to have a good day tomorrow. >> max? they do have to deliver, right? given all the questions about innovation or lack thereof, given the fact that the sto

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let's bring back in john fortt. we're stretching it a bit but this is unusual. what's the news? >> why buy the cow when you can get the sunday delivery for free, at least how it seems to be going. amazon announcing they're going to start sunday delivery in the new york area, los angeles, pretty much effective immediately. this is especially good for prime members. if you order late thursday, early friday, you might get your stuff before the work week starts. >> so what do you think that we're going to be doing then, john? is this going to be materially benefiting either company or a nice press release? >> it's good for the postal service. based on the report they gave to congress after last year in 2012, they did better than $11.5 billion in revenue from shipping and packages. that's more profitable for them than delivering smaller pieces of mail. extra day of delivery certainly won't help. from amazon they seem to be trying to shift people toward prime. it's got lots of benefits from them. loyalty. those people tend to come back more and their digital media strategy is built on

for "nightly business report" i'm john fortt. >> we certainly need to see more of these kinds of programs. every ceo you talk to says we need more engineers and more people studying math. who wants to go back to school for all of that? if you can take a course like this and have the money to pay for it. >> there is an investment that hopefully will pay off. i am going to tell my 7 year old study your math. don't just play on the ipad. >>> how many mobile phones did you own? more than one? a new report from the united nations suggests that mobile phones will soon outnumber the world's population. the un predicts that mobile phone subscriptions will surpass 7 billion and the agency says more than 60% still has no access to the internet. >> are you a one phone woman? >> i am a two phone guy. i am surprised by that number. 7 billion phones. that is stunning. the un says it so i guess it is true. >>> tomorrow we will hear from the national federation of independent business. we will have a report on the rising number of auto loan delinquencies and data on import prices for april. that and more

john fortt, thanks. to jackie deangelis for a market flash. >> headlines crossing on motorola solutions. reuters reporting the company is looking to sell its land business and crane is reporting msi offering buyouts to managers and senior level workers at its headquarters. the stock was lower than spiking on these reports. we are watching shares up over the flat line trading at 60.93. >> jacki, thanks for that. back to google and also broaden out the discussion to some of the other players. who is winning in the mobile monenitization race. natty covers the tech space. brian analyst withing wh wedge partners. natalie, google, the market says, is winning at this point. >> it's winning, right. and mobile is the big concern, right. as john fortt pointed out, there are a lot of arms to this beast and that's the problem because there's, you know, the mobile devices and so they're in motorola, mobile advertising, there's android, so they're not quite sure where is the biggest money there and the nature of this

john fortt is on the case and this is a very serious situation. john? >> yeah. it's called cripto locker. here's how it works. this file sent by overseas most likely appears as an attachment in your e-mail, tries to disguise itself as a pdf. if you open it up it's an executable file and it starts to communicate to an outside server and then encrypt the files on your pc. now, normally this might be a good thing if you meant to do it. keep other people from viewing your files, but in this case, they don't give you the key to unlock them. as a matter of fact, they put up a pop-up window then that says give us $300, payable in dollars or in bit coins, or we'll explode this key basically make it inaccessible to you and you never see your files again. over the past couple days, they started offering you a follow-up if you don't do it in three days, for five times more we'll give you access. how to avoid this. don't open odd attachments and make sure you have up-to-date anti-virus software. third, something i found i do quite a bit, work in the cloud that way you're no

john fortt reporting for us. seema also taking a look at microsoft from new york city. seema, are they buying what microsoft is selling or nokia more appropriately selling in abu dhabi? >> tyler, we're not seeing any long lines at this microsoft kiosk in new york city. we have seen more customers stopping by wanting to view the product and learn more about the microsoft 2 tablet. just in the last half hour, we have seen a gradual increase in foot traffic. the customers that haveped purchased a microsoft 2 tablet customers are picking the surface pro 2 here, that seems to be the popular choice out of the two tablets microsoft is selling at this kiosk. to tell you more about the microsoft surface 2 it has 75% more battery life than the previous version does. the surface pro 2, dual screen functionality and more memory as well as $899 price tag. some of the customers that have played with the surface device but decided not to purchase the device said it was too vanilla, it did not have enough apps. some apple fans agree it was a quality device but they had already invested

john fortt, thank you. >> thank you very much. all things jason del ray says there's plenty of unanswered questions about what amazon is up to. jason, tell us what you found out so far? i mean amazon certainly can execute on so many different platforms that if they do go this way, it's going to strike fear in the heart of a lot of grocery stores? >> well, it sure will, but, you know, john mentioned there's some job listings around the food category, but there are also open questions, how aggressive will they be here? will they go into their own brand of diapers, for example? baby category was mentioned. will they go into health products? so they haven't been super aggressive in the past marketing their own private labels. a lot of people don't know, they have their own line of batteries and electronic accessories called amazon basics. as being shown on the -- they have panzone which is bedding and towels. a lot of attention on their grocery business right now as they look to expand. reports of nationwide in the next year or two. s

john fortt, thanks very much, in new york city at an apple story. blackberry may be readying for the worse. shares are down currently 30% since releasing the latest smartphone, the b-10 and q-10 and reports say that morgan stanley is holding off on upgrading its employees to the new device on concerns of the company's future viability. what does this mean for the market? let's talk blackberry, abigail and steve. welcome. steve let's start with the fundamental side here. what do you make of the future of blackberry right now? >> you know, bill, believe it or not i do see value here. i'm not going to defend them in terms of the performance of in the phone market but i think there's value outside of that. when you look at the patent arsenal this company commands, thomas edison would be jealous of their patent holdings. their conservatively estimated to be worth $2.5 billion. when you throw in its cash position, equal to that as well, you're at a $5 billion market cap, which is where it trades. you get the company for free on top of the cash and patents

softy joining us, our own john fortt and also from redesign mobile, ragi. full disclosure, rocky used to work for microsoft and own a chunk as well. john you were talking a moment ago, cheryl sandberg, not a chance? >> well, i mean, i think she would probably be a good dan candidate given where she's come from two companies that have done things that microsoft would like to do. google and facebook. but you know of the list of folks who are up there now, i don't know alan mulally. the other three guys, i do know. it's an interesting grouping of picks from, you know, tony used to do cisco's equipment business. also has a lot of experience in video. that's how he ended up at skype. then you have nadella who we've had on running servers and tools and cloud, very important business. it's an interesting group. of course we've got steven elop at nokia. a big part of making microsoft in the near term will be making that acquisition of the devices and services businesses work. that's why i think he might be a decent choice. a lot of people disagree with me. >> rocky

john fortt give us a preview. >> hey, mandy. there are big names that will give us an insight into how enterprise tech is doing, onlied on-line ads. for intel, wall street is looking for 53 cents on $13.45 billion in revenue. the pc client group needs to make up the bulk of that looking for $8.35 billion despite the drop in pc sales. the data center needs to be the strong performer, $3 billion in revenue would have it growing 13.6%. analysts looking for a strong guide into q4 with the uncertainty in washington, though, you have to wonder whether they wiwe'll get that. ibm, be a big player in government, so i expect the shutdown and debt ceiling battles to affect the current quarter and q4 is ibm's big quarter for systems and technology. the hardware group. analysts expecting a $5 billion q4 from that group though it hasn't broken $4 billion so far this year. other names reporting this week, yahoo! also tomorrow where we'll see if the core display ad business showing signs of life, how much alibaba is helping the bottom line, eba

john fortt tweeting saying this is not a low-end phone. it is made of a poly carbonate material. the phone is a steel basically a metal so this looks like it's going to be pulled back a little bit to compete, perhaps, more on the price points with the android phones which people have criticized for being made of plastic. apple now obviously has to reduce the price of the components otherwise it can't reduce the price of the phone and keep its famously solid gross margins. apple shares as you just saw, went into positive territory. 99 for the 16, 199 for the 32. waiting on more details about the other new iphone 5, back to you. >> better margins. >> thank you so much. as brian mentioned we turned positive on apple when the pricing came out on that because the emerging market is where the growth is and apple has been a laggard in that particular area. the street is obviously hoping that perhaps they will be able to participate more fully in that. kenny, before we went out to cupertino you were saying some of the big money is not in this market yet. >> well, they're very patient as

. >>> coming up tomorrow, john fortt looks at the generational shift. why samsung might be replacing apple as the cool kid on the block. you know, i got an iphone -- it's not even a year yet. i thought i was cool. now i guess i'm not hip and cool. >> i'm hip and cool. this is a motorola. i'm 1 of 10% as our pie chart showed. i think there's a switch that people want bigger screens. this phone is quite thin. it's light. might not appeal to ladies who want to carry something small in their purse, but it has a bigger screen. i think that's a big selling point for a lot of these new-generation phones. watch apple. i bet they come out with a bigger screen. >> soon it's going to be the size of your ipad like dennis was saying. there's no hang-up about holding this big piece by your ear. >> isn't it interesting that the cool factor may have flowed away a little bit from apple, particularly among younger users. >> i want to be hip and cool. >> you are. you are. doan worry. >> that's "nightly business report" for tonight. thanks for watching, everyone. and remem

john fortt is in silicon valley. let's start with apple first, john. is an iwatch coming? >> the basic answer is, i don't know. but i know apple executives liked some of the modifications around the ipod nano, making watch faces for that. we have seen apple get interested in wearable technology. tim cook wearing nike and the jawbone is up and the nike plus system. rarg arguably where this is probably the only place on your body to wear a screen. nike tried the spot watch a decade ago and it flopped. this makes it like the tablet was preipad. big question, how does apple turn a small screen into important connective real estate and how can apple connect us with a screen pretty much too small for navigation. >> let's talk more about what this watch means for apple and what indeed the company can do with all that cash. let's talk about the cash pile, and john, the expectation there in advance of this, these conference or analyst conference tomorrow with tim cook, exactly what he could say, john, that could move the stock. >> i think the place to start, a lot of people are for

john fortt joins us with an earnings preview, john? >> it's up 75% so far this year. wall street wants to see around 87 cents nongap on $27.3 billion in revenue. of course meg whitman wants to show that the momentum is continuing in this rebuilding year. hp continuing to do better. but based on some of the results that we've seen so far this year specifically ibm, oracle sysco, dell a few things to look for, we've seen revenue short falls from them. particularly sysco citing uneven global gdp issue. the pc and printer businesses are going to be particularly interesting to watch dell to be gaining share in the quarter from price cuts. if the trend is continuing hp might have lost also servers because of that. on the other hand, last quarter they were doing pretty well with the printer business particularly because of supplies and commercial. then on the enterprise side you've got that server issue, plus that's where you tend to see global gdp issues hurting, especially in those emerging markets. if hp isn't able to gain share there, particularly seeing sysco's strength

john fortt is live at apple headquarters in cupertino, california. john? >> turned out to be a love fest from shareholder perspective. tim cook made it clear that apple was not going to say anything more about returning money to shareholders. many here seem to like it. let's go through some of what he had to say. it was interesting to see calpers and others rally behind management in its take on the einhorn versus apple battle over handling of preferred shares. apple saying they want shareholders to be able to vote on any issuance of preferred shares. einhorn didn't like the way that was bundled into proposal number two which ended up not coming up for a vote because the court said it couldn't come up for a vote. dissident voices coming in support of apple management here. einhorn was not here. going down some of the votes, entire board looking to be re-elected based on preliminary vote count. human rights proposal, someone proposing the board have a special human rights committee. that was voted down. which apple wanted. there was a proposal that executiv

cnbc's chief technology reporter john fortt has all the details from the report. >> oracle out with those very disappointing reports. stock was down as much as 8% after hours. here are the gruesome details. misses on the tom top ask bottom lines. wall street was looking for revenue around $9.4 billion. oracle turned in just shy of $9 billion. nonbacked eps of 64 cents. oracle turned in 65. as the revenue pretty much fell across the board, new lifeless and cloud revenue was well light. nongap operating margins, just a little bit light, but still in this. and then the guidance, q4 is oracle's big quarter. this is where wall street was hoping for some blowout numbers, looking for around 11.5 billion in revenue, 88 cents of eps, oracle said, no, we're not going to do quite that well, in fact, guided to just a negative 1 to plus 4% growth in revenue for the quarter. wall street better than 5% growth. new revenue will fall a couple of percentage points short of what wall street wanted and hardware product revenue very much light. the cfo says the problem here is not product, it was sales force

john fortt will break down the numbers. also talking to us about amazon. first an interesting market day today. considering we are ending flat it higher. joining me, wealth management. heather hughes, frank brad okay. good to see everybody. frank, let's kick it off with you. ending higher, feeling like this market want it continue going higher. we are flirting around record levels once again. >> you know, maria, you are dead on. this market wants to go higher. i think it is going to. as things continue to move. i think the investors have a sentiment to want it buy right now. the thing that worries me, longer term, when you look at it, still last night we have about half of the s&p report, about three quarters beating on the top an bottom line. what worries me, the revenue number is coming in lighter than folks expect. i think that might have an indication that we could have problems down the road. >> yeah, the revenue, ben, has been impressive. let me get to john because the amazon numbers are out. stock looks like it is trading down fraction. john, over t

fortt. how do you grade him, john? >> that's a tough one. i would say probably a b, b-minus given the enterprise side of the business did do quite well under his tenure, billions of dollars in revenue added that wasn't there before. the part that we tend to see, though, the consumer business, very much a mixed bag. xbox did well but that core pc business, very much overtaken by mobile. microsoft still struggling to come back from that. >> marcus, same question to you. from your viewpoint and from your observation of mr. ballmer's tenure over the past dozen or so years, how do you think he's done and is there a point at which a ceo kind of needs to move on? a point at which you've used every trick in your bag and it's time? >> i'm going to give him better than a b-minus. the company is still profitable, stable. maybe he wasn't as innovative which is why he doesn't get an a. in any company there is a time when new ideas are needed. time to bring in flesh blood and people with new strategies an

john fortt, here is my question. dell's revenue is lower than five years ago but operating cash flow is solid. riddle me this, what is dell? what are they selling that we seem to be well aware of. >> dell is trying to move from a pc company to more after enterprise hardware and services company. intentionally bringing down some pc numbers. trying not to compete in the low margin consumer business. michael dell las been very specific about that. for several quarters now. here is the part that doesn't make a lot of sense to me. michael dell committed to this company and committed to how it's structured. aside from the fact he is trying to draw down the consumer pc business. he zpt seem to have much desire because he has spent the last several years building it up into what it is now. unless there is different pressure he is facing we haven't heard about, what is the pressure to take this thing private? that, i don't understand. it is harder to do the acquisitions. again, a number of these businesses, aside from the pc

cnbc's john fortt is in san jose. john? >> simon, intuit is teaming up with square on payments technology. intuit, $19 billion market cap company that has turbo tax for taxes as well as quickbooks for small business payments. what they're trying to do here is position quickbooks, the accounting software, as more than just an application as a tech platform for small business. they tell me they're going to open up their apis a lot more and allow other small business software and solutions provider to hook into it. this partnership kicks off on the 19th of november. intuit will continue to offer go payment, its credit card swipe technology position offering more for service providers versus square strength which is in retail locations. it's interesting, jack dorsey, hinted he might push square software into quickbooks territory, perhaps this move is meant to blunt that. i will have intuit ceo brad smith exclusively on "fast money" today. they had an investor day here today in silicon valley and that's where we'll be. back to y

. >>> let's bring in john fortt to talk microsoft and john, first off, i just need to let everybody know you are an east coast guy. >> i am. >> congratulations. >> permanent resident of the east coast. >> thanks. >> it's going to be awesome to have you here. >> it's going to be great to be here. i was born out here. >> so -- >> so are you a jersey guy? >> long island where i was born. >> my apologies. >> brooklyn until i was 8 1/2. >> welcome. >> you are the new younger and more handsome herb greenberg want to they that out to you. >> i don't know how herb feels about that. >> we'll find out. hopefully he's watching. in 1999 some of the was about a $20 billion year company, now it's close to $80 billion a year company. microsoft, your reporting of long history in technology, most underestimated company of all time? everyone hates them, but they print money. >> the hate is fading because the fear has long faded. i mean, to talk about monopoly power, we could feel it back in 1999 but now you look at pcs, you don't know what a pc is. tablet, smartphone, they've got nowhere near monopoly pow

fortt. there are more and more voices out in silicon valley where john used to hang out, piping up, piping up saying beware of the lessons learned in 1999. he covers fortt, muoney behind t all. is that what you're hearing? are people saying man this is feeling like 1999 again? >> not that exactly but people are looking at the calendar and wallets because things have been going really well on a number of fronts. but at the same time you have snapshot as "the new york times" mentioned turning down multibillion dollar offers. that doesn't seem crazy in light of instagram, if they hadn't sold to facebook they would probably still be turning down multibillion dollar offers to. >> to john harwood for breaking news regarding obama care. john? >> tyler, the obama administration about to announce a delay in the on-line sign-up for small businesses on obama care. there will be direct enrollment for those small businesses. they can get health care under obama care with the tax credits that the law prov