, and fans of the man simply known as the greatest. He was a muddy four years old or global news 24 hours a day he was 74 2400 years old. Bloomberg west is next. Emily chang. Apple puts qualcomm chips on hold for intel p or we will discuss what it means for the three tech titans. Gawker tagged out. The website has enforced into bankruptcy, it appears. Tech forecaster says a car will soon be the smartest thing you own. We will reimagine the future of your commute later this hour. Days before apples annual Developers Conference, the iphone maker announces a major change a month suppliers. Amongst suppliers. The next iphones will use modems from intel, replacing qualcomm chips. Qualcomm closed down 2 . They will be used on at t u. S. Network and some other version of the smartphone for overseas markets. Iphones on the Verizon Network will stick with qualcomm cards. This is three days before the developer conference. What upgrades and announcements can we expect, and will they reinvigorate
The announcement. Top Russian Sports officials are being investigated. The World Antidoping Agency accused the Russian Sports minister and officials of overseeing a coverup of hundreds of hailed doping test. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Microsoft on cloud nine after exceeding analysts estimates. The field narrows in the race for yahoo . Newshe longtime ceo of fox , roger ailes, who built the news in to the mostwatched is now in a negotiation to leave his job. Microsoft flying high on the cloud with shares hopping in afterhours trading. The company reporting fourthquarter profits and sales that topped analyst estimates. Revenue of 2 from the same quarter last year. The ceos aggressive push into software and services is going bullying revenue. Here with us to dig into the numbers are cory johnson and joining us from washington, frank gillett, research analyst. Lets start with the cloud. What is doing these numbers . Cory the business is growing
We were doing a story about an opposition type newspaper and its editor and what it was like to run a newspaper that felt free to criticize the regime when so many other papers were being cracked down on and what it was like to be in that position. Then the coup started and suddenly our story took on sort of a different dimension. It turns out the editor we were writing about is one of the people on their list of people they dont like postcoup, because postcoup they are cracking down on opponents. There never been great with journalism. There basically isnt a free press. Its a very complicated situation and we talk about how for the press its really complicated there. Right now the guy we focus the story on is no longer in turkey. David you approach the story in a different way. Theres been this coup, you looking at the role of the opposition. How has that changed, being the opposition in turkey . They are cracking down on many different aspects of society, putting judges on lists for
Of the new york journal daniel venture as we are looking at the biggest gain in two days, and the nasdaq and the dow putting the tech back in the green which leads us to hp enterprise, and rallying after the posting First Quarter revenue, and plan to spinoff the Internet Services business, and david faber spoke with meg whitman this morning. Yes, carl. Investors are rejoicing a deal that was announced late yesterday according to the hp earnings, and that deal is involving the spinoff services, and two Computer Science corpse creating 26 billion in overall revenue, and owned 50 by the existing hp shareholders and 50 by the shareholder base, and that deal is going to take some time, and expect it to call in the end of march 2017, but it is a big deal for hpe, and it is having a positive response not only in that stock, but other Computer Sciences, because their enterprise value is comprised of the units taken over when they bought eds at 8. 5 billion, but importantly, hp did report earn
Cramer. You can see the dax, which is not having a great year is up. France and the ftse is down ever so slightly. 10year note yield and wti right at 50 bucks and brent a bit above that. The yield at 1. 854. Lets get to our road map this morning. It begins with more painful retail. Were going to break down all of the big earnings that are out this morning on that front. And is the ipo market back . There are Six Companies making their debut today. U. S. Foods we just mentioned here at the nyc, set to be the second largest initial Public Offering on the year. I think Mgm Properties will be the largest still. And what role will apple play in the future of television . The deal, i dont want to say it, were going to talk about this fun story. Its fun. Its never going to happen. Kim jong jim if you havent seen that one. I dont think of you as the fearless leader. No, and i havent spent a lot of time with Dennis Rodman either. Crude surpassed 50. Stock futures also up following on the gains