In fiveyear notes and well be watching the price of gold today as well. The precious metal dropping 2 yesterday. That was the worst day in six weeks. You can see right now its trading at 1,264. 70 an ounce. Andrew, over to you. Thank you, becky. Welcome back. We have corporate news, tech news, talking about re code. General electric Ceo Jeff Immelt is in france, meeting with president hollande, also with the countrys economic minister to discuss ges bid for alstom. An official in hollandes office says ge has improved its offer for the french train and turbine maker. The comments could suggest a change. This could be a change for the first time for the french government which until now has been critical of ges bid. We will see where all of that heads. In other european news, this morning, the uks fraud office launched a formal criminal investigation into Glaxo Smithkline amid claims of foreign bribery. The Company Faces claims in china and four other countries. Weve talked about this before. A couple weeks ago, Chinese Police said investigation there found evidence of an elaborate scheme to bribe doctors and hospitals. Well have more from london in a couple minutes. Facebook seeking an eu antitrust review of its 19 billion wh billi billion whatsapp purchase. The deal could help facebook avoid national probes, joe. Whatsapp facebook, did you see Gwyneth Paltrows comments at the re code conference about facebook last night . No. Nobodys paying attention to what Gwyneth Paltrow would be saying at re code except when you think about how facebook started, it started as a whats hot and whats not. People would rate the looks of celebrities it was college kids, what have you and how the internet has grown up. All i want tell you about gowyneth paltrow was that i was listening last week on sirius and cold play, may 5th, Cinco De Mayo had a big concert in new york at the whats the place where everyone plays, the ball room or wherever it is . The beacon. The beacon. I listened to it. Yes. For minutes on minutes. I was i like cold play. This is an admission. Yes. Welcome to the club. Welcome. I listened to like six or seven, maybe eight songs. I was like, these guys are phenomenal. You just like them because for some reason i like him more now that he shook off that to bring you into the full loop tell me. According to some reports yesterday he may be trying to consciously recouple. Sorry. With her . With her. If you focus on the gossip reports, they are saying contemplating this and she may be open to it as well. She is him. Does he write the songs . Yes, he does write the songs. Its all him. They are tight. Good band. I think he might be a genius, a musical genius. Thats probably what she found so attractive. I might trade in my man crush on Henrik Lundqvist for chris whats his name martin. Chris martin. Valeant raised its cash portion by 10. They did. Improving it by 10 . 22 increase, thats a good deal. In the cash part. The total doesnt go up, does it . The new offer is 58. 30, up 10 from the prior offer. It includes a greater value in the noncash portion of the bid. You have to believe in the stock then. Val and is the holding a public investor meeting in new york today. I would have to say, just in reading commentary and listening to commentary, that it kind of shifted back to where allergan has been the company that people say they built that from the ground up where valeant its just a big rollup. Thats what it is. Its a tax deal. And they cut costs as they come in, they cut r d when they come in. If it doesnt go through and allergan stock drops back and ackman makes no money youll have to take back everything you said about it being front running and crooked and its too easy. Maybe its not. He could lose, hed be in the same position as pfizer or Something Like that, where it didnt work. Except he could have sold if he wanted to. I dont think he could. Legally he could. I thought the deal that he struck with them in the deal he struck with valeant he cant. Legally, anyone, this is a larger policy thing, not necessarily about Glaxo Smithkline. Not in this particular deal. Can i ask you a question . You can. The market hit another new high yesterday. I am now asking who has been waiting longer, the people that have been waiting for the correction or the people that have been waiting for the tenyear to go up . The yield. And is it related . I think it is related. I think it is related. We have a new list of clowns in the past month or two. They waited, they waited, they waited, they waited. Okay now. Why . Youre never going to be right about it. Its going to happen when youre saying no. When you finally say you have to let it go. If youre looking as a longtime investor, let it go. In the meantime, nestle you missed my mispronunciation yesterday. I just need to say that now. I will end up someone will say, see . Nestle announcing it is buying the rights of several dermatology products. Dermatology. From valeant from im not making fun of you. Im making fun of the generic bad prompter reader. I really wasnt. Val and the for 1. 4 billion in cash. The swiss food giant looking to boost its skin care business. In other drug news, sanofi and eli lilly pursue cialis overthecounter approval. It has recorded total sales of more than 14 billion since its launch in 2002. If you watch the commercials now, theyre very strange to me. It used to be, you know, there would be two people in an individual hot tub and theyd be gone. It looked like theyd be in the privacy of their own home. Now a guy makes a putt and they put the flag back in and they look at each other and its like where did they go . Next to the bunker . In this rain shelter . I have not seen these ads. Theyre out in public. Im like what are they saying here . Theyre basically saying youre ready any time. You have a particular interest in this topic. No, i dont. The golf course. For you its a plane. They should shoot it in the first class cabin. They look at each other, right . Then you see the occupied thing. Right. I like that. Good idea. Oh, boy. Watch for those, though. Its not just the golf course. Theyre at a mall. Then they look at each other and its like im not going to touch anything anymore in public places. Anywhere. I cant believe you finally eight songs i listened to. You told me to come on. And now i think its finally come around. People like him again. He grew a spine, grew a backbone. What happens if they consciously couple . Its too late for me. Ive said it. This will last forever. Good. Youre stuck and youre in this position. Were going to remember this. A familiar face is on its way back to pimco. That the not him. Down from the mountain top. The bearded version. Long hair. He was going to get his haircut on our air at one point. I forget what happened with the logistics. He looks like a yogi. This is a newly created role for paul. Stability. Bring back familiar faces. Bring back a guy who left, grew his hair down to his waist and went off to a mountain somewhere. What would happen if you were off the air for a while. Id be listening to cold play. Toll brothers says its quarterly profit more than doubled. Revenue rose more than 67 as the nations largest luxury home builder sold more homes at higher prices. Toll brothers stock is up by 1. 25 . Lets get out to california this morning where the code conference is taking place. Jon fortt joins us. He has a look at everything from googles Driverless Cars and the new brand for the pc. Its 3 00 a. M. Here. Good morning. Gwyneth paltrow, im going to say it, she rambled. People found her message important about being more sensitive on the internet but she did ramble. Lets talk about satya nadella, microsoft ceo had his first time in a hot seat in an interview on stage. Comported himself well. He showed off skype translate, it does realtime translation between languages, the head of the Communication Division spoke in english with someone on the other end speaking in german. Satya nadella had this to say about bill gates return to a daytoday role at microsoft. Listen. I think of bills presence, bills sort of push, high standards, is helpful. At the end the day, theres no confusion, i run the place, im the ceo. Im responsible for it and bills helping. And make no mistake, also he wasnt going to divulge too much about operational plans, even about strategic plans but when asked about whether he needs to buy something big, he did say not so much about buying, its about what microsoft itself is going to do. Take a listen to that. I think we have to build something big. If along the way we have to buy things, thats fine but we have to build something big. We build, id say, three big things, and you can say 3 1 2 if you add xbox into it. And its time for us to build the next big thing. Well, a lot of people would agree with him. Sergei brynn took the stage a little later after gwyneth. He was a bit looser. Wore a tshirt and crocs. He talked about Driverless Cars. Before he got to that, he talked about the nsa revelations. He had this to say. The most noted revelations were a huge disappointment to me and obviously to the world as a whole. I think i think from my perspective, if you go back to the cold war when presumably the nsa was spying on a relatively small number of people, you know, soviet, whatever generals and various communist Party Officials and so forth, and as a consequence, protecting us from nuclear annihilation, thats one kind of balance. I think the balance looks different. He notably got kara swisher to put on a pair of google glass, something she said she didnt want them on her face. He also agreed with kara, he could make a good bond villain. The driverless car, this is one google itself has designed. Google had help. Sergey brin explains that. Listen. We worked with partners in the detroit area, germany and california. We used automotive suppliers. This is using car parts that are standard but sometimes wed modified them to our needs. How about the whole body . Yes, weve worked with partners, auto manufacturing firms that have helped us with the body. Unless you live in mountainview, dont expect to see those cars going down the street anytime soon. They pretty much tested them in parking lots up to this point. These things have no Steering Wheels, no pedals. Its kind of like a ski lift experience except its completely enclosed. Brin says theyll be really safe because of the way theyre designed just for people and they even talk about impact scenarios. You wouldnt want to get hit in these. They only go 25 miles per hour, guys. John, stay where you are. I want to bring somebody else into the conversation and get your perspective on more of this as well. Good morning to you as well. I want to talk google cars for just one second if youd indulge me. What i dont understand about this, john jump in as well on this conversation, is this idea that the reason that theyre moving towards these cars without Steering Wheels is that people who actually cars that do have Steering Wheels are less safe and i wonder whether this is a step back or truly a step forward since it doesnt sound like were going to have Driverless Cars in five years the way google had been talking about just several months ago. I think if you look at Driverless Cars, you have to look at the rate in terms of driving in the United States. Arguably were losing tens of thousands of people per year in terms of unsafe driving. Having vehicles that potentially are controlled remotely, have greater controls over them, obviously its anatheciccal to the idea of mobility. Theres an argument to be made for it. The other point to be made here is the fact that google car is the idea behind it, its not individually owned. Its owned by a third party. These are vehicles that are always in operation and from that standpoint, if we look at the individual car, its typically not used, probably 95 of the time. If youre actually looking at capacity utilization, far more efficient from a social standpoint to have these types of vehicles running around rather than have individuals owning their own car. Is this a step forward or step back . It doesnt sound to me like youll see these cars on the road anytime soon. No. I wouldnt say that this is a replacement for the type of car thats just a regular car that has googles technology bolted on to it. I think sergei was talking about this as a matter of convenience. Mentioned an old lady at a bus stop who misses the bus. In the future at some point, she might be able to call one of these cars to pick her up, take her where she wants to go, based on the coordinates plugged into a phone. Maybe google would run this, dispatch or uber. Brin says he expects to contract the dispatch part out to someone else at some point. Also about design, googles able to design this car more tightly because the technology is built in more essentially. Lets flip the conversation over to microsoft for a second. We saw the new ceo of the company at re code for the first time, talking about this new skype program. Ive seen it demo. Were you impressed . Certainly. I was impressed, yes. The fact that you have machine translate 40 languages to each other. Doing it with live speech is a different order of complexity. To the extent that, you no know, microsoft is rolling this out, it wouldnt be a stretch to see them have an app or Something Like that rolled on to windows powered smartphones as well. Maybe 2015, 2016. This is an interesting it indicates that microsoft is doing interesting things in terms of Technology Despite what people say. Is there a way to make the translation go ahead, john. The translation wasnt absolutely perfect. The german speakers in the audience said it was pretty good, okay for casual conversation. You probably couldnt close a business deal using this. And microsoft also said the acoustics, the sound from the microphone is important to making this work. Satya nadella says he expects this to be everywhere the skype app is. It might be limited at first with the sound quality. It seems like its a business product more than a consumer product. I think it has applications in both areas. To the extent they get it more perfect in terms of the translation becomes more suitable to the business market. Right. John, there was a comment apparently satya was asked about nokia, whether this was a good deal and dodged the question. What happened . Well, he was asked actually whether he agreed with the nokia acquisition at the time. When it happened. He said im not going to answer that. There was a bit of a laugh in the room. It seemed obviously he didnt agree with it at the time or he would have said, well, sure, i thought it was a good idea. He went on to explain what the logic behind it was and what his plans for nokia would be. Hes stuck with it now one way or the other. Were people impressed with him or no . I would say people felt like he was kind of in the tim cook mode of not saying that much overall. You know, this is a ceo whos on the public stage for the first time. I think hes in a tough spot, right . He cant blame the previous guy, thats ballmer, the individual share holder in microsoft right now. He cant blame the guy before that. Thats bill gates whos back to a daytoday roll and an iconic figure. He couldnt blame his predecessors. He talked about what he wanted to do with the future. He squirmed a little bit. If youre not a founder and youre on this stage for that amount of time, youre going to end up squirming. Thank you so much for your perspective this morning. Also mr. Ballmer, trying to buy the clippers. Met with mrs. Sterling the past couple days. Well see whether he ends up owning that team. This one congressman got defeated. In texas . Yes. 91. He was the oldest serving in our congress. In two years hes going to rerun. I dont know if hes going to do that. God bless him. Didnt that the give you hope . Yes. You dont need to have hope yet. 91 is the new 81. Which is the new 65. I keep coming down and down and down. I older we get, the more kindly we look at all these ages. Within we come back as andrew mentioned, a group of wellknown investors are said to plan a join the bid for the clippers. Well talk more about that. Hockey news, montreal is still alive in the nhls eastern conference finals. The canadiens beating the new york rangers 74 last night. Still alive. The rangers will host game six tomorrow. The rangers i think were on the cover of sports illustrated, too. Oh, perfect. Theres the kiss of death for you. Mine was earned in korea in 1953. Afghanistan, in 2009. Orbiting the moon in 1971. [ male announcer ] once its earned, usaa Auto Insurance is often handed down from generation to generation. Because it offers a superior level of protection. And because usaas commitment to serve current and former military members and their families is without equal. Begin your legacy. Get an Auto Insurance quote. Usaa. We know what it means to serve. They plan to submit a join the bid for the los angeles clippers. The Group Includes oprah winfrey, Magic Johnson and oracle ceo larry ellison. The bids due by the end of tomorrow. A decision could be made by the end of the week. Mr. Ballmer, also trying to get in on that action. On the topic of sports, check out this video. Rapper 50 cent threw out the first pitch of the mets game and threw the ball almost sideways, at least ten feet wide of the plate. Wow. I cant claim to be a great athlete. I kind of think i could get closer. I kind of think i could get closer. I think hes kidding, isnt he . Hes a strong, athletic guy. Hes a ripped dude. Just because youre ripped doesnt mean youre athletic. I dont think i could get it to the plate. I think i could do it. If i was allowed to lob it i could get it there. If you aim at the glove its going to be short. On the grounded. What happened there . I dont know. Im not going to say anything. I think i have a picture mccauley. Paul . From the mountain picture . Drum roll, please. This is your new chief economist. Been a lot of flux. For stability, theyre bringing back mccauley. We have bob bowles coming up here. Bowlesby. You got it or not. No. While were waiting to are that, lets talk about the u. S. Chamber of commerce. Here it is. I think thats really him, too. We got it. He went from that other shot to that. No word yet on whether hes goi going. De niro had to make a movie about his father, a