Jon fortt and Kayla Tausche and me with Henry Blodget on set, and Mike Issacson is joining us from san francisco. A lot to watch with the dow down, and the politics is a story, with democratic nominee Hillary Clinton getting endorsements from the president , and senator elizabeth warren, and also on twitter donald trump said that e obama just endorsed crooked hillary and he wants four more years of obama, but nobody else does. And she replied, delete your tweet account. And then he replayed, how long did it take your staff of 823 people to think that up, and where are your 33,000 emails that you deleted . And how could this market be doing so poorly . Well, whatever intern is manning hillarys twitter account got a huge raise, because it brought delete your account to the mainstream lexicon, but it is essentially really funny, because it is a tool that you and i use everyday, kayla, and jon, and we are all on it all of the time, and it and it is a great Media Consumption tool, and twitter is trying to convey that sort of the sense to the people, that it is live and in the moment, and something we need to monitor to see what is going on, and there is a reason that facebook is doing so well, and it is that news junkies like us do not make up most of the population, and people can be fine with seeing the Hillary Clinton tweet 24 hours later like we are talking about now, and they are will get it on the facebook. So that is twitter is trying to emphasize live, but they are also try aring to see how they can create a al go rhythmic feed for most people who dont need it right then and now. And henry, as much of a spectacle to watch this election unfold on twitter and not everybody has had such a fun experience, and john wiseman from the New York Times tweeted an article about trump a couple of weeks ago and the responses that het got was antisemitic attacks from the left and the right and he tweeted yesterday that i will be moving to facebook where at least people need to use their real names and cant hide behind the fakery to spread their hate. And this is the most retweeted tweet for clinton ever, and 100,000, and that is a tiny number when you are looking at the mass media and twitters issue as mike said, it is a niche. A niche of the news jun can kis and the following of celebrities and sure influential, but that is the problem with the twitter, and kayla, you nailed it. Facebooks early stand which is ridiculed at the time about, you know what, you are going to be posting online and interact, you need to do it under your own name, and this is a big asset for them, and twitter, im addicted it to, and i can use it a lot of the time, and it can be unpleasant because of in part, the anonymity. It is about the engagement, and facebook is like a cocktail party, and twitter is like a frat party or the crowded bar where you are not sure who shoved you or somebody spilled a drink on you and you are not sure what people look like. And once you see the delete your account you can retweet it, but where is the meaning fu engagement of 140 characters at a tirnlg and we are talking about it on t and facebook, but it is hard to have a conversation on twitter. And mike, you make the point of news junkies who need to have information right away, and i mean, that immediacy is dorseys entire sales pitch, and it is all about happening first, happening right now. So how much, and i mean, how much is it worth in the attempt to get people to get a use higher. Well, we reseeing the facebook move more toward the immediacy, and facebook is doing a push with the Facebook Live which is their attempt to get people to watch video live on facebook. And twitter has periscope which is also that is sort of the live video things, so you are seeing both of to Companies Move to this sort of the immediacy moment. The issue is how do you drive people to really watch it right then, and i think that facebook can use the huge sway and notifications to push that stuff to the forefront and the news feed, and twitter does not have that similar sort of moving power with a thing like the news feed. Again, it is the chronological order, and what twitter, and what you will see more of again is the sort of the algorithmic push to bring people relevant things whether it is like now or later, and then push those sort of immediate moments if it is a live periscope momentp happening now, further nup in the time line, but twitter is skittish, and so it may take a little bit. And of course, the Big Marketing catalyst for them is the football that we have to wait for the fall. Yes. And meanwhile, interesting news for apple and intel and over to dom chu and get to a flash. The stocks didnt move on the heels of the bloomberg headlines saying that apple or rather intel was possibly getting set to get a chip order from apple which would be its first major win in terms of the mobile chip sets. Qualcomm is remember apples current chip suppliers and qualcomms shares did take a dip on the news as well, but they have recovered some of the losses, but an Interesting Development here, because of course, carl, we have been talking about the intel profile of trying to get into the smartphones and the tablets, and they have not had a lot of success, but if the story does appear to be true, and if it does work out to be true, it could be a huge win, and that is why it is moving. The story does go on the say, carl, it is for at t iphone units and so something to consider there as well, guys. Back to you are. Thank you, dom. In advance of the mondays Developers Conference where john is going to be, and i believe you nknow intel wetter than anyone, and what do you believe at this point . It not a big deal. It is about the modem chips and not about the application processor, and apple has its own chip designs and the a9 or so, and they have the a9x and maybe a a10 chip they will come out to call it with the new phones in the fall, but the modem piece is not as lucrative as other chip set deals that apple could do. They have their own design, and intel would love the be a foundry for the design down the line, and apple having samsung, and possibly others to make the main chips which is a good a addon business and interesting step in a direction, but it is a bigger news for qualcomm really than it is for intel or apple, and so if people are inclined to get too worked up about this, calm down. They are not. And you nailed it. And for a moment, and mike, what are you expecting for monday out there, and people have talked about the update from siri, and obviously, Phil Schiller is with the new structure, and what is the headline monday afternoon. Well, the biggest thing really is some stuff that we have seen previewed which is the new app store model, you know. For a long time, under eddy cues per vieurview, it is how p Developers Get a revenue cut, and 70 30 split, and now apple is dabbling in letting more Subscription Services sign on and eventually 85 15 split which is a huge deal. They have real areally not done a lot of to real progression or the change on how they deal with app developers, and this is a sign of the new leadership taking over the app store, and Phil Schiller is sort of making his mark and trying to revamp what sort of revenues they can get from that large ecosystem that they built for themselves. Another thing to watch, too, is the mobile payments aspect of what apple is going to do with the apple pay. Supposedly they might be rolling out the vinmoney chur to use the apple pay to send money to the friends which is clearly a big deal for Companies Like facebook who is doing that with messenger, and paypal has ven o venmo, and square has square cash and again, not necessarily a moneymaking proposition for apple, but they want to spur the adoption with apple users and that is something to definitely watch. I think that wwdc is interesting, because it does not tend to move the stock that much, and if anything, people are disappointed in what they hear out of wwdc, and if you can read the tea leaves, you can get a sense of what they will do in the future iterations, because unlike are google who is making a software for a bunch of different oems, they make Software Just for apple. So if you can understand that, you will get a glimpse, but the main thing for the wwdc, is apple going to make more Apple Application software on android to pull more people into the apple ecosystem. They have are it in apple music, and beats was doing, and they have android app and they have not said how many apple music consumers are on android, but if they start to do the Android Software to pull people into their ecosystem, that could be interesting. And if you are focused on the software business, that is what you want to do, and to put it in so many places, and the fact that they are moving there is a good sign they are aware of what is going on in the world, and straying are from the roots of one end to end. Yes, and the chart is looking a little challenged here. And finally, guys, you want to do that online, kayla . Well, the company is expected to go public in the next couple of weeks, tokyo and listed in the u. S. The road show is expected to kick off at some point in the coming week, and that is normal timing for a company, but 5 billion valuation, and what is up consumer slowing growth. It looks like the new twitter, in that user growth has flatten and the Revenue Growth is great, and you say, it is going to be cheap and i have to be in there messaging, but the user growth is flat, and this is what happened to twitter and the stock got to 70, and the user growth plateaued and here we are at 14. They would say that they are an innovator and starting with the stickers and the commerce of on this side of the ocean, and not pond, because that is europe, but they have started to pick up on it, so this is one to watch as far as the Business Models around the messages. Mike, you think that investors will snap it up, because there have havent been this that many new issues . Well, yeah, i think that the the line is real difficult, and investor should watch. What has happened with messaging in general which is a balkanization of how countries adopt the services. Right . We have line in japan, and ka cow in south korea, but you have a difficult time in breaking out of the home countries there, and facebook owns Facebook Messenger and whats app, and they are trying to dominate the rest of the world with those. So, like jon said, lyon has done a great job the innovating on the revenue models to the find different people inside of the app, but does it translate to american audiences . Does it stort of move past the home economies . Honestly, i dont know. I dont use lyon that often if ever maybe to speak with some friends i have in japan, but that is the big challenge that they are going to have is to try to get people in the states to use it. Mike, your appearance today was everything. Thanks so much. Thank you. And Henry Blodget here at post nine, thank you. And the dow was down 148 and rallied quickly this morning and down just 69 points for the s, and the p and the nasdaq, they are on track for the worst day since a month ago, may 17th. The u. S. 10year yield is fall ing to the the lowest level since february, and bonds are weakening this morning, and people are buying bonds despite the fact that yields are near alltime lows. That is part of what is hitting the financials, and looking at Goldman Sachs and jpmorgan weigh i ing in on the dow, and the financials across the board are having the worst performance today, weektodate, and yeartodate for any sector. Very tough. More on the selloff this morning amid the record lows around the world. And yahoo is expected to enter the final stage, and we will get more from kara fisher. And then scott bor chet ta chetta who represents taylor swift is coming on post nine. [ beep ] but youll be glad to see it here. Fidelity where smarter investors will always be. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. Enis really built into theat foundation of the company. Whole foods market is engaged with pg e on many levels, to really reduce energy and reduce our environmental footprint. For a customer like whole foods, saving energy means helping our environment, and we can be a part of that. Helping Customers Save Energy is a very important part of what pg e does. We can pass those savings on to the environment, the business, and the community. Pg e really is an expert in saving energy, and that partnership is extremely exciting. Together, were building a better california. Stream or not to stream, and it is a hot topic for many music labels and big tech companies, too. And Courtney Reagan is at the music fest in nashville and joining us is one of the most vocal and influential executives on this issue. And over to you, courtney. I am here at the rieman auditorium with Scott Borchetta who is ceo of big machine label, and you feel strongly that you dont like the free streaming services, and you think that they may not exist in the future and can you tell me why you think all of this . Well, i do believe that streaming is the future honestly, but the value of the streaming is the issue that we have. Getting a value perspective what apple music is doing, and bringing value to the streaming platform that is uk is cessful, and if you are look at what spotify is doing, they have a product that people love and now they have to be brave enough to say that the Premium Service is so robust, it is worth it for you have to be a premium subscriber, and they will get there. And talk about spotify, because ta lor swift, the artist that you signed when she was 14 years old is no longer on spotify, but some of the other artists are, and what is the reasoning there . Well, with taylor, and really the whole mission and the volume that we wanted to use in saying, hey, this is not right, and address it is a platform that she has accepted and it has not been the right time to go back to spotify. But the rest of the artists right now, they are on most of the streaming services. When it gets down to superstar artists, it is really about the individual vision, and how they want their music represented and marketed. But there is a possibility that she will go back to spotify . Never say, never. Fair enough. And now, of course, the letter that taylor swift wrote to apple, were you behind that and how do you feel about the apple music . Well, the irony is that there were a lot of conversations going on with myself and apple and leading into fathers day, she is in london and sends me a text from amsterdam to say happy fathers day, and then she sent me a link and said, dont be mad and i had a response that you have no idea how good the timing is. And so we worked with jimmy iovine and others to understand that since they had not launched the product yet, they could listen to voice of the Creative Community and do the right thing. How many times does a huge company like apple have a chance to do something for the greater good, and they made the right decision, and decided to pay everybody for the first stream instead of the free 90day promotional period. That is a big move. Do you continue to converse with apple music on what you would see and what is fair for the artists . All of them. We have to keep the conversation on the edge and speaking to youtube and google and what they are doing, and we have to keep on pushinging to make sure that the Great Community of music and, you know, nashville is a world music center, and our label group has been a leader in the terrestrial Performance Rights and leader in getting the value out of apple and spotify, and et cetera, and we will keep the pressure on them to do the best they can do, because they can afford to be the best partner, and ultimately they should and they will be the best partner. You joined American Idol recently, and of course, it ended the run, but they found Carrie Underwood as a result, but so far, the contestants coming out of the American Idol and voice and was she a flash in the pan . No, 50 of the finalists of top ten for American Idol have gone on to a career in music or film, and so the show is incredibly successful, and we have trent harmon, the 15 season winner with a fantastic single hitting radio in the next two week, and when we have a hit with trent harmon. So we are not done yet with American Idol. Thank you. And good luck at the cma fest. Back to you. Thank you, courtney in nashville on assignment. Coming up, more on yahoo and the next round of bidding when we come back. The dow is down 76 point, and squawk alley is going to be back in a moment. Banks and industrials are und underperforming today, and meanwhile, the new Digital Series bin sj streaming all about growing and changing the content industry. And Garry Marshall directed happy days beaches and wonder woman. And it is a business that evolves and nobody said, i have this idea of richie cunningham, and suddenly, i put in the kid fonzie who had no lines and then he is sud lendenly he is the stf the show, and so we had to make a quick switch. If you had to take a gamble and make it bigger, right, and it is winkler in the audition or was winkler not there yet . Well, you dont have to be a genius to do this work, carl. You have tlois ehave to listen. And nobody heard of this kid rob are bin williams, and i brought him on as a guest, and after the show, i had Henry Wi