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May 23, 2014
05/14
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meg whitman has been listening in standing by. there she is at hewlett-packard's headquarters in palo alto, california. as always, very much appreciate your being with us this morning. >> good morning. happy to be here. >> it was year ago during one of our interviews, a year ago to the day where we were talking about this turnaround, you and i yet again, and you said when i asked about this year, we do believe growth is possible in 2014, probably not in every business, but we hope overall we'll see growth in 2014. after yesterday's report, meg, that is hope realistic? >> so, at our security analyst meeting in october of last year, i said it was unlikely that hp was going to grow in 2014, that there would be pockets of growth and there were this quarter like pcs and networking and security, verityka, some of our security enterprise services, but i would say the good news is that the rate of decline has slowed dramatically. this was really the third quarter of flat revenue which you might say well gee, that's not all that exciting.
meg whitman has been listening in standing by. there she is at hewlett-packard's headquarters in palo alto, california. as always, very much appreciate your being with us this morning. >> good morning. happy to be here. >> it was year ago during one of our interviews, a year ago to the day where we were talking about this turnaround, you and i yet again, and you said when i asked about this year, we do believe growth is possible in 2014, probably not in every business, but we hope...
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May 23, 2014
05/14
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cnbc's david faber has an exclusive interview with meg whitman. that's on "squawk on the street" at 9:00 a.m. eastern a little bit later. >>> gap's first quarter profit was down 22% but that still beat forecasts. the results hurt by weak foreign currencies. the retailer had to step up discounts earlier in the quarter to try and bring in customers when the severe u.s. winter weather affected sales. same-store sales were down around 1%. gap is also affirming its full-year outlook and says it's focused on continued expansion of outside america. shares up 1% after hours. coming up, 1.7% in frankfurt. >>> as for the agenda today in the united states, we've got new home sales out at 10:00 a.m. eastern. sales have forecast to have risen to an annual rate of 418,000, coming on the back of strong existing home sales yesterday. one earnings report of note, the retailer foot locker. after the gain, slim gains we saw for u.s. equities yesterday, we've been up four out of the last five sessions. futures suggest we will continue the trend today. the s&p 500 cur
cnbc's david faber has an exclusive interview with meg whitman. that's on "squawk on the street" at 9:00 a.m. eastern a little bit later. >>> gap's first quarter profit was down 22% but that still beat forecasts. the results hurt by weak foreign currencies. the retailer had to step up discounts earlier in the quarter to try and bring in customers when the severe u.s. winter weather affected sales. same-store sales were down around 1%. gap is also affirming its full-year...
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May 24, 2014
05/14
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BLOOMBERG
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meg whitman had unveiled a huge number of cuts. lucky 7000. it did not stay at that number for very long will not this year they were talking about 34,000 job cuts by the end of 2014. we have seen a number clean. meg whitman, when asked if this was a confidence issue, said, no, it is not. i am getting deeper into what hp is all about. the more you see the observations, the more you can see a potential to cut costs. a lot of businesses feel very fine. they are ok with the idea of not having clunky hardware in our offices. they're taking advantage of the the cloud. you have hp competing with the likes of google and amazon. i ensure that as you look through the operations and you see one business and another business and they are not necessarily getting the sales they once did, do you need the same sales staff? >> is a great chart that you showed us. it seems like that is a bad place to be, not knowing who will be next. profits were up. where were the bright spots? >> what i find interesting is that for all of the knocks against the pc business,
meg whitman had unveiled a huge number of cuts. lucky 7000. it did not stay at that number for very long will not this year they were talking about 34,000 job cuts by the end of 2014. we have seen a number clean. meg whitman, when asked if this was a confidence issue, said, no, it is not. i am getting deeper into what hp is all about. the more you see the observations, the more you can see a potential to cut costs. a lot of businesses feel very fine. they are ok with the idea of not having...
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May 23, 2014
05/14
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BLOOMBERG
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meg whitman unveiled a huge number of cuts two years ago, at 27,000. it didn't stay at that number very long, within a couple of months the increased by another couple of thousand. 34,000 cutslking by by the end of 2014. they now see that number climbed to 50,000. meg whitman, when asked if this is a confidence issue, said it is not. deep in the weeds about what the company is about. the more you see the operation, the more you can find it the potential to cut costs. that only tells you part of the story. we live in a world where a lot of businesses feel -- are completely ok with the idea of not having clunky hardware in their offices to manage everything. they are taking advantage of the cloud. so you have hp with its servers and software's, and services, competing with the likes of google and amazon, salesforce and workday. i'm sure as you look through the operations and you see one business, another business, they are necessarily getting the sales they once did. do you need the same sales that -- staff? chart there, us a it seems like you has to be
meg whitman unveiled a huge number of cuts two years ago, at 27,000. it didn't stay at that number very long, within a couple of months the increased by another couple of thousand. 34,000 cutslking by by the end of 2014. they now see that number climbed to 50,000. meg whitman, when asked if this is a confidence issue, said it is not. deep in the weeds about what the company is about. the more you see the operation, the more you can find it the potential to cut costs. that only tells you part of...
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May 23, 2014
05/14
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meg whitman will appear at 9:00 eastern time. it is partly in response to a closely watched measure of german business confidence. that's heightened expectations that the european central bank will ease policy next month. we'll see what actually happens. and widely reported but not yet announced deal between apple and beats has reportedly come close to falling apart several times. that is according to tech crunch which says the multibillion dollar deal will go through at some point. it is not after the technology as it is its founders dr. dre. jeff cutmore is hosting a panel at the economic forum held in st. petersburg, russia this morning. putin is delivering a speech. it is a half hour late. we apologize for the lateness we will be getting to. jeff's q and a is about to begin. when it does, we will bring that to you as well. >> and politico's chief economic correspondent, cnbc contributor and he is as far as i'm concerned mr. morning money. you picked up a couple of stories from russia this morning. given that we will have puti
meg whitman will appear at 9:00 eastern time. it is partly in response to a closely watched measure of german business confidence. that's heightened expectations that the european central bank will ease policy next month. we'll see what actually happens. and widely reported but not yet announced deal between apple and beats has reportedly come close to falling apart several times. that is according to tech crunch which says the multibillion dollar deal will go through at some point. it is not...
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May 23, 2014
05/14
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hewlett-packard ceo meg whitman plans to cut 16,000 jobs. sales have fallen for 11 quarters in a row. another company making headlines is ge. the company extending the deadline of its $17 billion offer for alstom's energy unit. politicians are seeking a better offer. ,or more on the takeover battle matt campbell is in london. -- what can bes done during this time? >> this is more time for the french government to essentially try to insert itself into these negotiations between alstom and ge and to give siemens, which is a rival bidder more time to work on its own bid, which some very prominent french politicians have said they would prefer. it is important not to ascribe too much importance to the role of the french government here. obviously, they have the bully pulpit. their pronouncements are reported by the press dutifully, but at the end of the day, alstom is a private company, and at the end of the day will make the decision that they feel is best. it is a game of public perception and political brinkmanship going on around the deal an
hewlett-packard ceo meg whitman plans to cut 16,000 jobs. sales have fallen for 11 quarters in a row. another company making headlines is ge. the company extending the deadline of its $17 billion offer for alstom's energy unit. politicians are seeking a better offer. ,or more on the takeover battle matt campbell is in london. -- what can bes done during this time? >> this is more time for the french government to essentially try to insert itself into these negotiations between alstom and...
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May 23, 2014
05/14
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meg whitman says they are stabilizing. they have not figured out what their next move is. >> what does oracle do and cisco do over the weekend? they've got to react to this. >> this will save one percent? cent earnings-per-share. they are laying off 50,000 people to save a penny. >> what else do we have? >> we are tracking the developments in a couple of big merger stories. astrazeneca shareholders say the company should continue talks with pfizer after it rejected what pfizer called its last offer which was $117 billion. blackrock is encouraging discussions between the two companies because it owns eight percent of astrazeneca and almost seven percent of pfizer. i guess it can go both ways. >> it's a matter of what price. 53.50 pence was the third and final offer. frenchs agreed to the request to extend the deadline for its plan 17 billion dollar of the austin energy unit. this drama will continue through the month of june. . the french may see better terms siemens of germany may come in for a bit. jobssue is the number o
meg whitman says they are stabilizing. they have not figured out what their next move is. >> what does oracle do and cisco do over the weekend? they've got to react to this. >> this will save one percent? cent earnings-per-share. they are laying off 50,000 people to save a penny. >> what else do we have? >> we are tracking the developments in a couple of big merger stories. astrazeneca shareholders say the company should continue talks with pfizer after it rejected what...
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May 23, 2014
05/14
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ceo meg whitman sat down with david and jim this morning. they discussed the hp turnaround strategy and much more. david asked whitman to respond to critics says it is to slow to innovate as some of the large competitors. >> we're a very big company and we compete against big companies and little start-ups. what big companies have to do is we have to make scale work to our advantage. we have to make our go-to-market work to our advantage, supply chain. and then we have to make sure where we are focused we are innovating. i would argue, actually, that our printing business is one of those areas where we are excellent innovators, and we're now transferring that to our ser server, storage, networking, our sas business, so we have to innovate but use scale to our advantage. otherwise, big companies will always fall to small companies, and listen, i think there's a real role for our customer relationships, our service capability, all of the things we do really well as an organization. >> right. you mentioned printers. i know this quarter there wa
ceo meg whitman sat down with david and jim this morning. they discussed the hp turnaround strategy and much more. david asked whitman to respond to critics says it is to slow to innovate as some of the large competitors. >> we're a very big company and we compete against big companies and little start-ups. what big companies have to do is we have to make scale work to our advantage. we have to make our go-to-market work to our advantage, supply chain. and then we have to make sure where...
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May 22, 2014
05/14
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FBC
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. >> i'm a really big fan of meg whitman. i love hewlett-packard because meg whitman is there. there is hard to come on tv and say i like a stock when they're laying off 50,000 people. that is part of why i like the stock, right? hewlett-packard has been a unwieldy company from cost structure basis. nobody is better at that in my opinion than meg whitman of the when the correction comes hewlett-packard will be beat up more than already. there may be pc sales rebound and windows stops supporting xp. people will look at new pcs. pc loyalists. that will be a good time for them to get into that market. could be -- one of my favorite. buy the correction stocks when the correction happens. liz: well, i would love to see the pc market reinvigorate but it may just, it may just finally find a bottom, how about that? we would be happy with that. let me get to ken. good to have you, ken. talk about your picture for the markets. we know we're coming into a holiday weekend. would i like to throw out this week. it has been awfully thin volume therefore the swings are more dramatic but what d
. >> i'm a really big fan of meg whitman. i love hewlett-packard because meg whitman is there. there is hard to come on tv and say i like a stock when they're laying off 50,000 people. that is part of why i like the stock, right? hewlett-packard has been a unwieldy company from cost structure basis. nobody is better at that in my opinion than meg whitman of the when the correction comes hewlett-packard will be beat up more than already. there may be pc sales rebound and windows stops...
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May 23, 2014
05/14
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cheering meg whitman's plans to cut jobs. a 11 straight decline in profits. thank you for joining us. get confused with what quarter we are in for hewlett-packard because every single time it is the same. cutting cost, they cannot grow. why is the stock up? >> it is up on further cost cuts, a program that started at 29,000 job cuts is now up to 45,000 or 50,000 jobs. hp does need to get smaller and leaner and more innovative, but having happening -- is an effect on company morale. in beijing cut and move forward, not keep cutting. >> why not do it all at once? >> it is hard to decide. they have lots of different business units in different parts of the market. one cut ando make move forward. that is what they need to do. i have been cutting now for the part of -- the better part of 10 years. to keep they have actual talent, how can they do that when their main focus seems to be cutting cost? >> that is a great point. amid all of these costco and focus on cash flow what is happening is that the underlying i.t. market is changing substantially. there is a drama
cheering meg whitman's plans to cut jobs. a 11 straight decline in profits. thank you for joining us. get confused with what quarter we are in for hewlett-packard because every single time it is the same. cutting cost, they cannot grow. why is the stock up? >> it is up on further cost cuts, a program that started at 29,000 job cuts is now up to 45,000 or 50,000 jobs. hp does need to get smaller and leaner and more innovative, but having happening -- is an effect on company morale. in...
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May 16, 2014
05/14
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buy buy buy. >> i believe in meg whitman and the turn, i believe pc's at the bottom. i believe in 3-d printing. i believe. that, ladies and gentlemen, is the conclusion of "the lightning round." >>> the lightning round is sponsored by -- >>> you think i seem stressed when i come out here hollering like a madman? are you even listening to me? did you wake up and say i'm going to ruin's jim's day? you brought me down, you succeeded. i was doing great. i walked in, now you've made me miserable. are we allowed to light a fire? here? >> come visit us sometime. >> hey, good evening, this is ed from south florida. the cruise capital of america. >> boo-yah. >> i like that. what's up? >> i had a question about rigte aid. >> it's been a -- i went to my rite aid the other day and my picture is up in the wall of the manager's office. hey, dear leader. kind of strange. mcdonald's versus chipotle, aka my modern-day retelling of the tortoise and the hare, because they crave mcdonald's yield. sheesh, mcdonald's feels like a big mac. the hare had an amazing run. they're getting killed
buy buy buy. >> i believe in meg whitman and the turn, i believe pc's at the bottom. i believe in 3-d printing. i believe. that, ladies and gentlemen, is the conclusion of "the lightning round." >>> the lightning round is sponsored by -- >>> you think i seem stressed when i come out here hollering like a madman? are you even listening to me? did you wake up and say i'm going to ruin's jim's day? you brought me down, you succeeded. i was doing great. i walked...
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May 18, 2014
05/14
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KPIX
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meg whitman, mitt romney, all the big republicans, pete wilson weighed in for kashkari. the question is are the republican voters who turn out in the primary going to go along with that? >> what is your read on the evolution of the gop? >> you're a candidate for public office whether you're a democrat or members of the gop, you want as best you can to be more like the people you're asking to vote for you. donnelly is doing a great job because he's talking directly to people that can identify instantly with him. obviously nobody identifies on that side of the aisle with meg whitman. >> this has been the history of the republican party in recent years where in some ways an elite group or something with money comes out on the top of the ticket. and fails to get rid of the support. >> a whitman, fiorina, they have money, don't connect with the grassroots folks. there's not enough country in the country club. >> that's the line he uses. if you go backwards and remember george bush, the president. he was perfect on making the transition from being a part of the country club, y
meg whitman, mitt romney, all the big republicans, pete wilson weighed in for kashkari. the question is are the republican voters who turn out in the primary going to go along with that? >> what is your read on the evolution of the gop? >> you're a candidate for public office whether you're a democrat or members of the gop, you want as best you can to be more like the people you're asking to vote for you. donnelly is doing a great job because he's talking directly to people that can...
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May 11, 2014
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residents include many of silicon valley's movers and shakers, including hewlett-packard's meg whitman and sheryl sandberg. more outsiders want in on that community. >> reporter: it's hard to see the multimillion dollar mansions behind the huge gates and down the long driveways, but they're there, and for sale. i went to the real estate website trulia and found homes on the market for $7 million, $10 million, $17 million, and even $25 million. >> those houses would be about 10,000 square feet, typically three levels with full basements, media roomsz, exercise rooms, et cetera. guest houses oftentimes and pools. >> reporter: tom lemieux says the buyers are everyone from local tech entrepreneurs to people from overseas, particularly asia. >> we have a market here with high demand, low supply. of course we are the center of technology. the tech sector is doing well. we are just a center of innovation here, and so that more than anything drives our housing market. >> reporter: what also makes atherton so appealing is the privacy. the acres of flat land and location. it's in the heart of si
residents include many of silicon valley's movers and shakers, including hewlett-packard's meg whitman and sheryl sandberg. more outsiders want in on that community. >> reporter: it's hard to see the multimillion dollar mansions behind the huge gates and down the long driveways, but they're there, and for sale. i went to the real estate website trulia and found homes on the market for $7 million, $10 million, $17 million, and even $25 million. >> those houses would be about 10,000...
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May 23, 2014
05/14
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the ceo meg whitman says the turn around is on track. they began their structuring two years ago when sales of personal computers fell. >>> there's a new sign that apple is growing we also know that the company is building a massive campused to open in 2016. now, they've leaseed a seven- been campus in sunnyvale. it can accommodate more than 1400 workers. not apple's first expansion. the company also leases place in santa clara. the solis that is police officers today defended its officers in deadly shootings this year. video here shows the moments right before the most recent shooting on tuesday. today police pointed out that the man was brandishing gardening shears. community anger over the shooting is boiling over during a demonstration last night, someone in the crowd shot and killed a protester. a police officer performing cpr on the victim was hit in the head by a projectile. >> when we encounter people that are angry and we've encountered a lot of them. we are allowing them to speak. we're allowing them their voice. we're treating
the ceo meg whitman says the turn around is on track. they began their structuring two years ago when sales of personal computers fell. >>> there's a new sign that apple is growing we also know that the company is building a massive campused to open in 2016. now, they've leaseed a seven- been campus in sunnyvale. it can accommodate more than 1400 workers. not apple's first expansion. the company also leases place in santa clara. the solis that is police officers today defended its...
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May 23, 2014
05/14
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whitman to 50,000. the job cuts will be spread out among different countries and businesses. >>> futures right now higher after stocks rose for the fourth time in five days on thursday. investigators weigh in on great economic reports showing sales of previously owned homes pick up while more people also filed for unemployment benefits in the past week. we look for data today on home sales and the dow rising ten points and nasdaq up 22. >>> google is developing new seven inch tablet that captures three easy images. the company will start building 4,000 prototypes next month. the device has two back cameras and advance software that can capture precise 3d pictures. android phones and tablets designed to track a full 3d motion of the device as you hold it. scott? >> sounds pretty school. thank you very much. >>> getting a look at that microclimate forecast and, of course, that holiday weekend is upon us. how is it looking, christina? >> looking good, looking good. for all three days if you and your family
whitman to 50,000. the job cuts will be spread out among different countries and businesses. >>> futures right now higher after stocks rose for the fourth time in five days on thursday. investigators weigh in on great economic reports showing sales of previously owned homes pick up while more people also filed for unemployment benefits in the past week. we look for data today on home sales and the dow rising ten points and nasdaq up 22. >>> google is developing new seven inch...
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May 23, 2014
05/14
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. >>> and hewlett-packard plans to cut another 16,000 jobs as part of ceo meg whitman's turn around plan with this new round of cuts, hp will have chopped 50,000 jobs during whitman's restructuring. >>> just ahead, one of our country's most accomplished athletes gets cut from his team. >>> plus, the 9/nhl playoffs an all the rest of the sports highlights next. oh! the name your price tool! you tell them how much you want to pay, and they help you find a policy that fits your budget. i told you to wear something comfortable! this is a polyester blend! whoa! uh...little help? i got you! unh! it's so beautiful! man: should we call security? no, this is just getting good. the name your price tool, still only from progressive. when you find the one... you just know. new almay smart shade makeup made it easy with just three skintone-adjusting shades to choose from... not hundreds. new almay tonemimic technology intuitively transforms to your skintone. it's my one... and only. almay. still running in the morning? yeah. getting your vegetables every day? when i can. [ bop ] [ male announcer ] co
. >>> and hewlett-packard plans to cut another 16,000 jobs as part of ceo meg whitman's turn around plan with this new round of cuts, hp will have chopped 50,000 jobs during whitman's restructuring. >>> just ahead, one of our country's most accomplished athletes gets cut from his team. >>> plus, the 9/nhl playoffs an all the rest of the sports highlights next. oh! the name your price tool! you tell them how much you want to pay, and they help you find a policy that...
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May 23, 2014
05/14
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meg whitman says she doesn't anticipate further cuts. >>> a uc-berkeley grad says she spilled hot coffee at this drive through in oakland in april. she says employees refused to help her. the employees say they didn't call 911 because it's against company policy. the suit asks for damages for injuries. no comment from in-n-out. >>> lots of barbecues for this memorial day weekend. >> a lot of people going out of town maybe a little camping. >> who's working today? that's the big question. >> just us! but glad to be here today. it looks like the fog moved well onshore. we are seeing some drizzle again to start out the day but i think here comes sunshine and warmer temperatures away from the coastline. by the afternoon the clouds going to retreat. we are going to see plenty of sunshine and again a little bit warmer outside. then a mostly sunny holiday weekend some of the inland valleys moving up to the 90s 60s and 70s toward the coastline. high pressure slowly working onshore warming things up a little further today. an onshore breeze temperatures cool there. heading to the central valley y
meg whitman says she doesn't anticipate further cuts. >>> a uc-berkeley grad says she spilled hot coffee at this drive through in oakland in april. she says employees refused to help her. the employees say they didn't call 911 because it's against company policy. the suit asks for damages for injuries. no comment from in-n-out. >>> lots of barbecues for this memorial day weekend. >> a lot of people going out of town maybe a little camping. >> who's working today?...
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May 22, 2014
05/14
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in a conversation i was able to have with meg whitman -- we'll be talking a lot more to her tomorrow -- she says listen, it is a question of how many people you need and fine tuning your workforce. at this point it was a workforce that began at 306,000 when she took over the job and will be reduced by 50,000 by 2015 or so. that's certainly one of the key parts of the release. it overall saw the company do fairly well in personal systems in terms of the revenue numbers there an continued stability in commercial pcs in particular where they gained share. in fact, they gained share in a number of their key areas but overall still not seeing that revenue growth that this transition is obviously this transformation that meg whitman is trying to take this company through is aiming towards. we'll have a lot more as we go along looking through these numbers. >> david, thank you. david faber with the latest on hewlett-packard. those numbers out early, for whatever reason. you can see the market response has not been good, down 2.3% ant $31.77. as we head toward the close, what do you make of
in a conversation i was able to have with meg whitman -- we'll be talking a lot more to her tomorrow -- she says listen, it is a question of how many people you need and fine tuning your workforce. at this point it was a workforce that began at 306,000 when she took over the job and will be reduced by 50,000 by 2015 or so. that's certainly one of the key parts of the release. it overall saw the company do fairly well in personal systems in terms of the revenue numbers there an continued...
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May 23, 2014
05/14
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KGO
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ceo meg whitman says h.p.'s turnaround remains on track as she tries to make the company more nimble. >>> abercrombie & fitch is making changes to the way they'll win back their customers. they'll offer larger sizes. you'll no longer see photos of models with six-pack abs. they're also going to cut down on the amount of fragrance they spray in the store. and the music won't be as loud. >> the music and the fragrance. i'll take less fragrance and less loud music. have you ever walked by one of those in a mall? >> yes. you feel very old. i guess we're going to feel a little less old. >> and like, your hearing aid is out of whack or something. >> pretty much. >>> well, there's a gang of mutant heroes that hope to take over movie theaters this holiday weekend. "x-men: days of future past," could gross more than $100 million over three days. it is the seventh "x-men" movie. and it brings back popular characters and stars. something for you to do this weekend, maybe? >> i'm grilling. i'm grilling and chilling. >> you
ceo meg whitman says h.p.'s turnaround remains on track as she tries to make the company more nimble. >>> abercrombie & fitch is making changes to the way they'll win back their customers. they'll offer larger sizes. you'll no longer see photos of models with six-pack abs. they're also going to cut down on the amount of fragrance they spray in the store. and the music won't be as loud. >> the music and the fragrance. i'll take less fragrance and less loud music. have you ever...
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May 23, 2014
05/14
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ceo meg whitman says hp's turn around remains on track, but she wants to make the company "nimble." whitman is trying to reduce hp's reliance on personal computers. >>> mcdonald's was in the cross hairs inside and outside of its annual meeting. protesters calling for higher wages for fast food workers. they were back outside of mcdonald's headquarters. unlike the day before there were no arrests. this time inside, the fast ceo said that mcdonald's provides fair and competitive wages and provides opportunities. >>> researchers at the rand corporation say the lack of exercise and our diets may not be the main culprits. they found inexpensive food and our tendency to buy lots of it is to blame. they suggest imposing taxes on food with low nutritional value to nudge people toward healthier diets. >> that sounds ridiculous. if you ask me. hold back and not get charged. >> the good food is too expensive and now the bad food you want to tax. >> tax our food. that's the answer. >> there you go. >>> as we enter memorial day weekend, it is important to remember the holiday is to honor the men
ceo meg whitman says hp's turn around remains on track, but she wants to make the company "nimble." whitman is trying to reduce hp's reliance on personal computers. >>> mcdonald's was in the cross hairs inside and outside of its annual meeting. protesters calling for higher wages for fast food workers. they were back outside of mcdonald's headquarters. unlike the day before there were no arrests. this time inside, the fast ceo said that mcdonald's provides fair and...
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May 19, 2014
05/14
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CSPAN
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whether it is meg whitman -- or harvardligence, medical school with maybe a thousand deaths each year. with regulators being forced to sleep on the job, the mice will play. that is what we have seen in this recent gm situation. the other thing that is troubling is that more and more , the corporate mergers --munities -- termination the communication networks. dear -- in their dna to solar power are out. that is strategic. it is not good for competition and innovation. >> is that a partisan issue, >> when we see the rebellion some years ago against the fcc loosening the restrictions on how many tv, radio, newspapers can be ordered -- can be owned by one country, it was left-right. they get the house of representatives to work both tolls for rumor. it was the nra and colin cox. think the whole realignment in our country is i don't sugarcoat the obstacles. requires at realization that there's a big majority here that can be put together, left, right, all important directions for our country and reform. >> how many years did you live -- >> i have to like it here. i like the idea there are
whether it is meg whitman -- or harvardligence, medical school with maybe a thousand deaths each year. with regulators being forced to sleep on the job, the mice will play. that is what we have seen in this recent gm situation. the other thing that is troubling is that more and more , the corporate mergers --munities -- termination the communication networks. dear -- in their dna to solar power are out. that is strategic. it is not good for competition and innovation. >> is that a...
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May 23, 2014
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. >> and the stock was down, and meg whitman spoke to squawk on the street about the job cuts and the bet on the future. >> so while no one likes to reduce the workforce, this will be good for our customers and good for hp. it'll make us a stronger company. obviously we will be able to create capacity to invest in the growth engines of this company. we're focused on business 3-d printing, not for customers. we'll announce a 3-d printing technology at the end of this year, and we think there's a real opportunity here. >> and on those comments, the stock turned around. is your mind changed ? >> no. you're buying hope now. she may have it right. and i'm sure those 11 to 16,000 people are thrilled it's going to be a stronger company without them, and the margins will improve. but this is not a great quarter. the move you have seen is reminiscent of the moves at others, those are better. namingly microsoft and oracle. you're buying hope at 33 3/4. four-times normal volume. i was wrong yesterday. >> buying a stock is about buying hope to some degree. 3-d printing, seems like it's a catalyst
. >> and the stock was down, and meg whitman spoke to squawk on the street about the job cuts and the bet on the future. >> so while no one likes to reduce the workforce, this will be good for our customers and good for hp. it'll make us a stronger company. obviously we will be able to create capacity to invest in the growth engines of this company. we're focused on business 3-d printing, not for customers. we'll announce a 3-d printing technology at the end of this year, and we...
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May 23, 2014
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. >>> ceo meg whitman saying she's seeing pockets of growth in some of hp's businesses. all right. ty, over to you. >> now to russia and the big newsmaking interview of the day, a global exclusive with the russian president vladimir putin. >>> we were given extraordinary access to putin, and the timing critical. e. >> he was very unhappy about the way it started. he said he would be willing to accept the choice of the russian people. let's play you some of this interview with the russian president. >> translator: the responsibility is to be borne by our european and u.s. partners now they want us to clean up for the mess they created. this is the purpose of sanctions. >> the front-runner at the moments in voting i'm told is mr. poloshenko. he's toll cnbc he would happily engage is he a man you could do business with? >> where is the money? where is the money, you know? it's a business forum. let us be very specific. they owe us 3.5 billion give under the circumstances our money back. you know, that would create very good environment for further discussions. >> did president obama m
. >>> ceo meg whitman saying she's seeing pockets of growth in some of hp's businesses. all right. ty, over to you. >> now to russia and the big newsmaking interview of the day, a global exclusive with the russian president vladimir putin. >>> we were given extraordinary access to putin, and the timing critical. e. >> he was very unhappy about the way it started. he said he would be willing to accept the choice of the russian people. let's play you some of this...
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. >> you left out my classmate, meg whitman. >> this place wants that in a way. melissa: it is self-selecting. >> fox promotes that type of atmosphere. i don't know that corporate america us does. melissa: congratulations on your book. you sparked quite a few conversations. >> we want you to take our confidence quiz. we have one up on the website. 40,000 people taken it in 2 1/2 weeks. want to get results. melissa: i will do it right afterwards. >>> from u.s. to every corner of the globe, money is sliding around the world today, starting in tunisia where the force is going strong. the country hopes to pull in tour riffs by promoting connection to "star wars" movies. the government there has teamed up with the country's "star wars" fan club and together they have been staging events, screening and trips out into the desert where lots of the movie was filmed. >>> over to the u.k. where elvis presley fans are getting all shook up with the latest tour. this time it is his tooth making across the country. one of his dental crowns was bought by obsessed collector of al
. >> you left out my classmate, meg whitman. >> this place wants that in a way. melissa: it is self-selecting. >> fox promotes that type of atmosphere. i don't know that corporate america us does. melissa: congratulations on your book. you sparked quite a few conversations. >> we want you to take our confidence quiz. we have one up on the website. 40,000 people taken it in 2 1/2 weeks. want to get results. melissa: i will do it right afterwards. >>> from u.s. to...
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May 9, 2014
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eric schmitt, meg whitman, charles schwab. i'll have the details when "power lunch" returns. requires precision and anattention to detail.g it takes knowledge, hard work and a plan. at baird, we approach your wealth management strategy that same way. as an employee owned firm we have the freedom and resources to create customized financial plans built to last, from generation to generation. we'll listen. we'll talk. we'll plan. baird. today is friday today, we greet you. treat you. care for you. today, you can come to cleveland clinic for anything, everything or just to get that "thing" checked out. big, small, and yes, the best heart care in the nation. it's here everyday, for everyone. that's the power the power, that's the power of today. cleveland clinic. call today, for an appointment today. >>> look who's here. >> wee trying to figure out a direction. take a look at the dow jones industrial average. we did move into positive territory sometime in the middle of the day. i've been emphasizing the whole battle of the momentum stocks versus the broader s&p 500. take a look
eric schmitt, meg whitman, charles schwab. i'll have the details when "power lunch" returns. requires precision and anattention to detail.g it takes knowledge, hard work and a plan. at baird, we approach your wealth management strategy that same way. as an employee owned firm we have the freedom and resources to create customized financial plans built to last, from generation to generation. we'll listen. we'll talk. we'll plan. baird. today is friday today, we greet you. treat you....
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May 21, 2014
05/14
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meg whitman says we absolutely will and are. it's not as though chambers doesn't have his hands full as well trying to compete. yeah, they are coming off a good quarter. you seem to be taking an awful lot from one quarter. >> well, i just was so glad to see some carriers hiccup. enterprise, a lot of people are missing the boat. even with caterpillar yesterday, they say industrial doing quite well, enterprise is doing quite well. that's what i have been waiting for for chambers. i know we don't have a lot of government spin which has really hurt everybody. the gridlock in washington has hurt a lot of companies that do government business but last night, mark was saying there are a lot of faux cloud plays. there are a lot of companies in the telecommunication industry that do need to merge. there is too much capacity in the internet of all things. there is too much capacity in the trillion points of contact and connectivity. i think a shakeout is right. doesn't necessarily mean things are bad for the industry. just there are going
meg whitman says we absolutely will and are. it's not as though chambers doesn't have his hands full as well trying to compete. yeah, they are coming off a good quarter. you seem to be taking an awful lot from one quarter. >> well, i just was so glad to see some carriers hiccup. enterprise, a lot of people are missing the boat. even with caterpillar yesterday, they say industrial doing quite well, enterprise is doing quite well. that's what i have been waiting for for chambers. i know we...
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May 13, 2014
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home to likes of tech titans paul allen, eric schmidt and meg whitman. >>> first time the u.s. overtakes france to become the world's largest wine market. wine could r consumption in the united states fell by half a percent while fell nearly 7% in france. i guess they're drinking a lot of beer over there. that is today's "speed read." liz? [buzzer] liz: coffee consumption is growing at a rapid pace but drought in brazil and coffee fungus in central america crippling coffee production and skyrocketing prices. how are luxury brands dealing with short supply? david: next we talk exclusive i wily chairman and ceo, an drea illy. liz: one company takes advantage of america's love of flavored sparkling water and expected to hit one billion dollars in sales next couple years. the ceo of talking rain. you might not have heard it but you will. they're growing dramatically. a "first on fox business" interview. tate brand is all ready the brand of the year. berkshire hathaway home services. good to know. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a
home to likes of tech titans paul allen, eric schmidt and meg whitman. >>> first time the u.s. overtakes france to become the world's largest wine market. wine could r consumption in the united states fell by half a percent while fell nearly 7% in france. i guess they're drinking a lot of beer over there. that is today's "speed read." liz? [buzzer] liz: coffee consumption is growing at a rapid pace but drought in brazil and coffee fungus in central america crippling coffee...
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May 23, 2014
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the palo alto company has been going through a radical shift ever since meg whitman took over as ceo. >>> for some people, landing a job is almost impossible all because of one simple question on the application. but this morning, that question came with a second chance. >> turn back in when you're ready. >> reporter: this job fair was supposed to start at 10:00 but it didn't work out that way. >> people got up early. >> it was a little bit before 9:00. >> i was thrilled. >> reporter: for every one of these applicants, filling out the paperwork meant answering the question. >> sometimes i don't even finish filling out the application. >> i have not gotten to it yet. >> now it's on there? >> i know it's on there. >> do you have a criminal history? do you have a criminal background? you know, do you have a drug abuse problem? >> reporter: for most of these men and women, the answer is yes. >> i was incarcerated. >> got in some trouble? >> yes. >> petty theft with a prior under the influence. substance abuse. >> it's been about 3.5, 4 years since i last held a stable job. >> reporter: bu
the palo alto company has been going through a radical shift ever since meg whitman took over as ceo. >>> for some people, landing a job is almost impossible all because of one simple question on the application. but this morning, that question came with a second chance. >> turn back in when you're ready. >> reporter: this job fair was supposed to start at 10:00 but it didn't work out that way. >> people got up early. >> it was a little bit before 9:00. >>...
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May 16, 2014
05/14
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whitman is fifth. she's earned less than her two male predecessors. . one earned about $35 million in the sole year, and before that mark hurd who at his peak made $42.5 million in 2008. so, again, i think the number that's most troubling, mandy is there are so few women at the top, not what they're being paid. compensation consultants will tell you boards aren't concerned with gender, they're concerned with performance. there are a number of factors at play there. >> excellent point. thank you very much, mary. much more will be coming up on "closing bell." >>> how exactly are you going to be tackling this issue, guys? >> oh, the waves, let us count them. brian, mandy, one of the important issues, mary was talking about interesting numbers. how about seven years? >> that's the length of times it took "new york times" to tag the stories september 11. in other words, bill, the innovation report that a.g. commissioned, which involves the discussion of the strategy is as much of the story as much as the ex
whitman is fifth. she's earned less than her two male predecessors. . one earned about $35 million in the sole year, and before that mark hurd who at his peak made $42.5 million in 2008. so, again, i think the number that's most troubling, mandy is there are so few women at the top, not what they're being paid. compensation consultants will tell you boards aren't concerned with gender, they're concerned with performance. there are a number of factors at play there. >> excellent point....
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May 23, 2014
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but this is a name meg whitman, when she took over, she absolutely has had a plan. she's executed to absolute perfection. two years ago in may 2012, she talked about the job cuts that needed to happen. they are happening. that's very unfortunate, of course. but it's something that has to happen with all of the consolidation that they've done over the last few years. they've had to actually trim up some of the workforce. when you look at the earnings trading at 10 times, you look at cash flows, the balance sheet, there is no reason to be negative on hewlett-packard. >> first of all, a great trade. pete's been long for a long time. looking at the stock right here, right now, today, 33.75, i would not be buying the stock here, because you have to look at the earnings that came out. 11 straight quarters these guys now have had declining sales. that's not something i want to go out and invest in at this point. plus, after what they've done in enterprise, fine, the individual, that quarter was okay for them. but enterprise, they're still losing money there. they're still
but this is a name meg whitman, when she took over, she absolutely has had a plan. she's executed to absolute perfection. two years ago in may 2012, she talked about the job cuts that needed to happen. they are happening. that's very unfortunate, of course. but it's something that has to happen with all of the consolidation that they've done over the last few years. they've had to actually trim up some of the workforce. when you look at the earnings trading at 10 times, you look at cash flows,...
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May 6, 2014
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now, all of a sudden, meg whitman, the money they could throw at this, i think they've got huge competition, cuts into the margins, and the stock looks overpriced. >> dr. j, we were looking at the wall. i want to see that again. i like the way the wall looks. you're alibaba. that's your pick? >> i would be one of them, scott. you can't short it, of course. shares post, second market, that's the only place it's listed. but you've got 200-plus billion in market cap. and a lot of very questionable business practices over there in china, judge. so since you can't short that one, i'd say take a look at chipotle. it's already corrected from 600 back down to 500. i think it's got 400 written all over it. and a lot of those guys at the conference have talked about this one in the past. i wouldn't be surprised if it's in one of the short baskets. >> it's funny, because yesterday it was upgraded somewhere. i don't remember the place that did it. but the stock -- the stock was up. you know, einhorn makes this case that the stocks within his basket could fall 80% from their peaks. and athena health was
now, all of a sudden, meg whitman, the money they could throw at this, i think they've got huge competition, cuts into the margins, and the stock looks overpriced. >> dr. j, we were looking at the wall. i want to see that again. i like the way the wall looks. you're alibaba. that's your pick? >> i would be one of them, scott. you can't short it, of course. shares post, second market, that's the only place it's listed. but you've got 200-plus billion in market cap. and a lot of very...
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May 23, 2014
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meg whitman and hewlett packer consider a lack of growth. memorial day weekend beckons. go 500 miles in indianapolis. good morning, everyone, this is "bloomberg surveillance." it is friday, may 23. joining me is scarlet fu and adam johnson. let's get to our brief. businessght, german confidence was weaker than expected. existing home sales -- new-home sales at 10:00 this morning and foot locker will report before the bell. that is the brief. >> let's go right to the data check. look at stocks, bonds, currencies, and commodities. it's an ever weaker euro. to $104 peris up barrel.
meg whitman and hewlett packer consider a lack of growth. memorial day weekend beckons. go 500 miles in indianapolis. good morning, everyone, this is "bloomberg surveillance." it is friday, may 23. joining me is scarlet fu and adam johnson. let's get to our brief. businessght, german confidence was weaker than expected. existing home sales -- new-home sales at 10:00 this morning and foot locker will report before the bell. that is the brief. >> let's go right to the data check....
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May 28, 2014
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was down about 9% in the pre-market, all of a sudden been meg whitman turned on the charm and stock ended up on friday, the biggest mover in the s&p. it had been the worst loser, it was the biggest winner. stuart: when your judgment is he has got it? >> he understands mobile, the cloud, that is will be looking at. stuart: i am a microsoft stockholder. let's get to netflix, doing more content for kids. come on. is that important? nicole: i think it is and analysts agree, they talk about the younger demographic, and the long term and netflix continues to grow. dreamworks working closely with sony to make a deal, sony had a deal through 2021 with stars, however stars and sony agreed the kids' section is basically settled down and netflix is moving in on this one so that would include cloudy with a chance of meatballs, smurfs 2 and we are seeing stock right now pretty much flat at the moment but the big picture is the kids are in the play for the future. stuart: they dominate the screen telling you what to watch and that is important for netflix. thank you, the dow down 24 points. this is rea
was down about 9% in the pre-market, all of a sudden been meg whitman turned on the charm and stock ended up on friday, the biggest mover in the s&p. it had been the worst loser, it was the biggest winner. stuart: when your judgment is he has got it? >> he understands mobile, the cloud, that is will be looking at. stuart: i am a microsoft stockholder. let's get to netflix, doing more content for kids. come on. is that important? nicole: i think it is and analysts agree, they talk...
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May 9, 2014
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it's home to a lot of the bay area's elite, including meg whitman, sheryl sandberg and charles schwab himself. if you want to live there, it will be pretty expensive. josh joins us live from atherton. over to you, josh. >> reporter: yeah, simon, silicon valley real estate is red hot, but there is no place hotter than here in atherton, california. the average home price is now up about 40% year over year. brokers say last year there was this buying frenzy for homes in the $5 million range. that demand has now pushed buyers into the ultra-high end, just the first quarter seven sales in excess of $10 million. why the increase? because atherton is in the heart of silicon valley, which is thriving. >> we have a market here with high demand, low supply. and, of course, we are the center of technology. the tech sector is doing well. everything that drives the tech sector, the local economy, the venture capital, private equity, we are just the center of innovation here. and so, that, more than anything, drives our housing market. >> reporter: there are many exclusive communities for the elite
it's home to a lot of the bay area's elite, including meg whitman, sheryl sandberg and charles schwab himself. if you want to live there, it will be pretty expensive. josh joins us live from atherton. over to you, josh. >> reporter: yeah, simon, silicon valley real estate is red hot, but there is no place hotter than here in atherton, california. the average home price is now up about 40% year over year. brokers say last year there was this buying frenzy for homes in the $5 million range....
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May 27, 2014
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then meg whitman comes on our show, i did not see anything else that occurred, goes and tells a very positive story, convinces people you know what, it's not nearly as bad as you think, next thing you know you have the number one performer in the s&p 500. >> that was -- that was surprising in a way friday. i don't know -- >> reassuring. >> i don't know if people were misreading the afterhours movement which might have been based on small volume. i don't want to ascribe too much significance to our interview. the only thing out there. >> people were saying what happened, what went up? what occurred? and i go back over the interview and -- with david, correctly, i thought, tried to poke some holes in the story and the story was iron clad. layoffs, coupled with a little revenue growth is going to produce some pretty good leverage to the numbers, not as bad as it used to be. other stories similarly. foot locker puts it to dick's and i thought that was important. you saw a kind of suggestion followed up by auto zone today that retail is not nearly as bad as you thought. i come back and sa
then meg whitman comes on our show, i did not see anything else that occurred, goes and tells a very positive story, convinces people you know what, it's not nearly as bad as you think, next thing you know you have the number one performer in the s&p 500. >> that was -- that was surprising in a way friday. i don't know -- >> reassuring. >> i don't know if people were misreading the afterhours movement which might have been based on small volume. i don't want to ascribe too...
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May 9, 2014
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whitman, charles schwab. >> all i know is greenwich must be hanging its head in shame. >> it must. >> nice california weather. people are checking that out. now, this is funny. i've always noticed whenever we throw out a post office story people flock to it. >> that's true. >> the latest numbers from the post office, and the post office, again, they lost money, nearly $2 billion and they are saying congress needs to fix how they work. >> look, if they have to account for their pension liability over a 70-year period so i do sympathize with them. >> can't control their labor or delivery schedule. >> right. >> but our reader is always interested in the post office, and then finally we have a feature up why salmon may become the new lobster, all right? salmon used to be a big treat and all these salmon farms came along and everybody started eating salmon. demand went up. we just had a hard winter so supply is getting a little pressed. >> oh, no. >> how much are prices up? >> seeing like a 7%, 10%, 15%, depending on where in the world you are so there you go. those are our three. >> all
whitman, charles schwab. >> all i know is greenwich must be hanging its head in shame. >> it must. >> nice california weather. people are checking that out. now, this is funny. i've always noticed whenever we throw out a post office story people flock to it. >> that's true. >> the latest numbers from the post office, and the post office, again, they lost money, nearly $2 billion and they are saying congress needs to fix how they work. >> look, if they have to...
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May 28, 2014
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meg whitman said she may have. priced 5.95 million shares at 53.25. the print did not hold. why did it not hold? gigantic short position in 3d and this loosens the short. my favorite is stratasys, better industrial name. be careful retail. i know you love 3d. i know you will come after me at jim cate cramer. i don't care. >> that's what i like to hear. not good. 53.25. >> break print it means that squeeze is being broken. okay. they're going to do it for acquisitions. that's why i like stratasys. the public is way too long with 3d systems. >> what do we have on "mad money"? >> coal tonight, union pacific. brand new facilitypy. nick has been remarkable. these coal companies look he squeezed his governor wants coal, the unions, feds don't want coal. he's trying to figure it out. figure out with him. he's paid a great dividend and a great man. >> all right. 6:00 tonight. "mad money." i'll see you right back here 9:00 a.m. tomorrow. >> thank you. >> coming up on "squawk on the street," well, he's the boss. chairman and ceo brian roberts live from the code conference. those littl
meg whitman said she may have. priced 5.95 million shares at 53.25. the print did not hold. why did it not hold? gigantic short position in 3d and this loosens the short. my favorite is stratasys, better industrial name. be careful retail. i know you love 3d. i know you will come after me at jim cate cramer. i don't care. >> that's what i like to hear. not good. 53.25. >> break print it means that squeeze is being broken. okay. they're going to do it for acquisitions. that's why i...
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May 22, 2014
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we have a preview of hewlett-packard's quarterly results and a review of meg whitman's turnaround strategy. "squawk" will be right back. entl you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today. carsthey're why we innovate. confident retirement today. they're who we protect. they're why we make life less complicated. it's about people. we are volvo of sweden. >>> welcome back, everybody. hewlett-packard reports second quarter earnings after the "closing bell". earnings per share growth 1% over last year. joining us is abi, senior tech analyst. thank you for coming in. >> thank you for having me here. >> you think if there's going to be a surprise, it's going to be a positive one. >> yes. revenue could be slightly down. we are seeing about -- expecting 1% growth. it has very easy
we have a preview of hewlett-packard's quarterly results and a review of meg whitman's turnaround strategy. "squawk" will be right back. entl you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your...