the moves in gold and copper. here is something, simon. anyhow, the industrials looking to turn around there and look at the s&p basically flat and said nasdaq up a half a% today. rar. >> it's great to be here. >> street signs begins right now. >> for whom the dell tolls. the fight over the struggling pc maker is heating up. the billionaire says he is on the shareholder side. he has got a new plan but is it the right one? one big has been another kind of dog all together. now the right time to buy.

and the latest on the biggest movie of the weekend. will time warner lay an egg? we will dig in. >> they are all on track for the third weekly gain. >> it is going for six. >> carl really came out swinging just a short time ago right here on cnbc's fast money. take a listen. >> look at it real simplistically. and not have to do a lot of work

to know that the shell is literally getting screwed. but 1365 is a give away. this is what we call the great give away. >> thank you for joining the show. >> it is good for shareholders. gives you a chance to participate in the upside and lichlts the downside as well. >> i always thought.

>> if i'm correct you get 12 bucks a share plus you get a small part of the remaining company. how does it exactly work if you're a dell shareholder? >> one, you get $12 dividend. alternatively you can take 12 dollars and convert that into equity. you end up getting about 8 and a third shares. >> then you get $12 as a step. >> the other is offered 13.65.

the stub, which is a rather unfortunate name is worth more than a buck 65 then. >> we had a fair value target of $14. >> and the markets end up playing the bold case. that is going to be worth dramatically more. >> short the stock is right. what happens then if you take this deal? >> then you get $12. >> but what happens -- ultimately, you take it and go away? >> let's say it goes to zero and then you have -- >> then you have $12. >> but, you heard about it. >> taxes really. >> but to the point about the pc

business. it is not dying down. there is still lots of demand for businesses. do you think that he is misreading this and being overly optimistic? that's a very lucrative market and there is lot of potential. acquiring all of these software related companies in the last five companies. >> read your note, your latest notes. . too hung over or you note that dell's gross margin has gone up in the last couple of years.

all of these deals that you have done, you almost want to call dell an ibm clone has led to higher gross margins. >> that would be a high compliment to dell. it has added some very attractive other businesses. it can substantially increase margins across the board given a little time. >> thank you very much for weighing in on this story. herb, thank you very much as well. what about another beat up tech name? let's take a look at intel. it is the biggest dow dog over the last year. does that mean it's time to buy or going to go lower? he actually upgraded intel on monday. why do you view this the worst

performing dow stock over the last 53 weeks. >> we upgraded the stock as you said and we recognized when we are going a bit against consensus here. about two-thirds covering the stock did not like it. i joined the one third that have had buys on it for sometime. when i looked at the stock, what attracted me is intel has their own internal grass margins. >> how also is this perhaps it can't get any worse. >> that's absolutely true. when you look at, you know, throughout the eco-system, we continue to get negative data points around the system in the

past. intel has not played in the tablet i think we're at a peak of the cannibalization impacts right now. i think it will continue. you are absolutely correct. as well as expectations in their core market of pcs. >> thank you very much for your thoughts. >> suggesting that the roles of chairman and ceo should not be separated as part of the upcoming annual meeting as some shareholder activist groups and unions have recommended,

defending dimon and his tenure. also defending the risk policy on the board. this is lee, their presiding director as well as the chairman of the corporate government defending dimon and the firm saying the events surrounding the losses were unique. they are not representative of the quality of the company's risk management process or culture. the cio losses were really an aberration but jp morgan has florished and never had a loss. >> appreciate it. up next on street signs, japan's market is on fire. but do you care? should you care? we will let you know. >> could homeownership actually be a bad thing for jobs?

later on in the show, in a really long time. we are looking at the great gatsby gamble when we return. [ male announcer] surprise -- you're having triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense.

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>> a quick look at the markets for you. a little bit of a breather out there. we're on our third straight weekly gain. the two biggest gainers are tech names. down there in the bottom, reading to what you like.

it may be a strong story for the companies and maybe globally resourcefully related. >> the bull market in bonds likely ended on april 29th. >> i can certainly understand his logic. i also understand that many recent stories show that his total return is pretty highly long some of the treasuries but we don't know if that's the case today. i wouldn't say this. i think a lot depends on what the fed buying programs do in the future. i don't know that i fully agree. i think that some of the fed remains on the scale.

my opinion isn't going to go away. i think it's possible that we could see lower yields again. i think that we will see 160 again. >> thank you very much for trying to explain that again. let's get down to the floor of the stock exchange. we saw the commodity and commodity related stocks are lagging today. >> when you get a dollar index, this is quickly. look at the dollar. this is the mix of different currencies.

this is the big long term bond. look at that. that's april 3. we're down about 6%. it doesn't matter what the fed is going to do at the end of the year. traders believe that a little improvement is enough for them to take some money off the table in the bond market. that's hitting at an 'tis por rick high. you're right. we're still in the risk on materials and energy doing well. industrials all doing well.

>> i have never seen such hostility to a rally in my life. to me it's not that hard to figure out. you have got massive liquidity and higher demands. it kind of makes sense. man, people don't particularly like it or have a lot for it. that's the biggest trend the market has got other than the feds. >> it perfectly describes that nation's stock market. >> you probably don't care. but should you? joining us is mike with the boston advisors.

do we care about how japan does? does it impact us? >> and you can see what that loose money back last fall has done for the stock market. we have seen some of that action the last 24 years in the united states. it is actually what we have the japanese. >> of course the japanese people in tokyo are sitting back and thinking this is all fantastic. thank you very much. >> first and foremost in terms of the broader market.

we had a number of companies. as a result of -- one company that comes to mind is phillip morris who made money in the first quarter if not for the huge hit that they took as a result. i think it is really important for u.s. investors to look beneath the hood these days. i'm just. companies who earn all the revenue here. do they outweigh. running the u.s. stock market.

>> overall, a lot of u.s. companies have become much more global over the past two years. so i think a lot of household names. companies like mcdonald's. >> don't we forget that this is the third biggest economy in the world? one of the biggest holders of u.s. treasuries in the world. one of the best standards of living in the world. >> the real key is who else is going to devalue? we saw south korea yesterday the day before. we're not going to sit here and let japanese exports take over

they're fighting back. sort of competitive devaluation. everyone is trying to outexport their recession. they need more investment and less quantitative easing. it's really what the globe needs. >> a lot leads to economies moving up? >> of course not. this is purely monetary phenomenon. 16% gain on the s&p 500. orp c corporate earnings were flat.

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>> well the retail investors may be back .

>> to be invested in the stock market. there is so much wealth that can be created. and really, investing has been democracy. and others and educate yourself on the different type of strategies are available. >> let me get your thoughts. according to a gallop poll, only 52% of americans own stock. >> do you feel encouraged?

lots of people are sitting on the sidelines or do you feel discouraged by that because maybe people have given up? >> i feel encouraged by it and i think there is a lot of upside to it. what we are seeing is especially from the younger generation -- >> bingo. >> the 35, we are seeing them step into stocks and buy more -- >> why? why the younger generation? >> i think the younger generation is listening. i think they are smart and they are figuring out that over the long term, stocks always go up. >> also, aren't stocks more a part of their life? like, for example, cnbc. the stock market is now just become a part of many people's lives. even if they don't play in it or invest, they know it exists. >> it was hard to get.

mysterious people own stocks. now it's just a part of our life. >> it is. especially in 401(k) -- >> 100 bucks a trade, maybe. >> a discount space it was between 60 and $70 and now you can do it for around nine bucks. >> i think that they -- >> they will be burned. >> i think with the younger generation realizes is that it will be short periods of downturns in the period. over the long term the trend is in the right direction. >> let's totally hope so. tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus...

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>> i have got to tell you what is happening with oil. most commodities are moving to the downside. we are starting to see solar crude coming back up to the up side. still slightly down on the day but it is moving towards the break even mark right there.

let's get the street talk and take a look at some of the under the hood, under the radar stocks. priceline.com is moving higher. >> not exactly into the radar. listen, the numbers are pretty good for priceline. but some people disappointed by its outlook. it was stable but it fell short of some of the higher expectations out there. the stock is up about 4% out there. that was the most bullish. >> we were bringing up stocks like google. i will never get there. limited brands or l brand as it is called at the moment. >> downgraded from a neutral to a buy. the company is a victim of its own success. buy side earnings expectations may be too optimistic. the firm does remain through the

fundamental of the company. although oddly they raised the target to 55 to 53 in there. >> take a look there. this is a stock that is continuing to fall. tlr is a stock like two years ago. >> i'm not. i walk right in.

raymond james raises it to outperform.

>> the micro cracks may not be visible to the user. the two have told me earlier . >> you see what analysts have been writing. they talk to -- no one really

knows. some will pull them, examine them. >> how much of it comes down to the expertise in operating that device. >> for this it's really an issue of the device itself. this is just a safety issue. >> i did not understand a word of what was said. a full zapping. >> remember, they use electrical energy in the devices. that's part of it. in my documentary, a nice pro mow, you actually see some of the arts come out.

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>> happening right now at the white house, a story trending up very fast. the irs is missing a certain conservative group. this might fall into the embarrassing outrage department. >> well, definitely embarrassing, mandy. we are waiting to hear from the white house press secretary in a briefing. he has not come out yet, not for this reason. most of the white house is consumed with responding to republicans. here is what we know about the

embarrassment to the irs. the irs spent last year denying that it was singling out tea party groups for special scrutiny. tea party groups complained about that. the irs said that one happening. now the irs did say that it was done by civil service career employees, not through a partisan purpose but a shortcut to funneling different applications of ways of being reviewed. the tea party is not accepting that apology. they want action by the irs, they want to hear from the president on this. i don't know if that's going to be today. and finally the senate republican leader is calling on the administration to conduct a government-wide review to find out if what he calls thuggish practices occurred elsewhere. it goes in as i mentioned earlier to the questions about

whether the public statements by the administration after the attacks were on the level. >> a lot of things going and the irs would like to apologize for that and it just doesn't cut it. training is halted on two stocks. let's find out which two. >> the discussion follows unsuccessful merger talks between activists and valiant pharmaceuticals. we will keep you guys updated. >> we just -- can i jump in for a second here? the story that harwood just

told? targeting conservative groups. >> uh-huh. >> how? where does that come from? who says to the irs go after them? >> it must have come from somewhere, right? >> there is no paper trail. there is nobody -- it's like the mafia. you don't talk to anybody or put it in writing. >> this is a giant story. whatever your political leanings are.

>> by the way, done by american express. the consumers are feeling more optimistic and willing to dish out more on travel. they are willing to dish out on clothing and gifts. >> is homeownership driving unemployment higher? let's bring in lindsay. >> homeownership hurts the job market because people cannot move or because they are trapped in their homes and they have got bills and yard work, that they are not going to innovate as much.

>> and a very shallow radiant surrounding the area where you live a homeowner in abbe goldstein can't necessarily take advantage of a job opportunity in washington state because they are teterred to their home in abbe goldstein. and they concluded that there is a very positive direct correlation between job and homeownership. >> brian, why do you say the level of homeownership that we're seeing right now is just about right? maybe it was too high back in the 0s.

>> i literally, i can't see any correlation that would say that we're too high or low right now or that this level of homeownership that we had today is what is causing us to have a higher than normal unemployment rate. that is what really drives unemployment and that is literally the size of the government. the bigger the government gets, and so, sure, there is truth that owning a home teters you to a certain place. there is absolutely a lot of truth. we have had high homeownership and high unemployment. we have had low and high. it is really something else.

>> actually good point. it's not as straightforward as you might think. we have to ask if it's actual homeownership. >> again it goes back to the fundamentals of the housing markets rather than necessarily homeownership in and of itself? >> lindsay, brian? >> coming up next, the big bet on the great gatsby.

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warner brothers is releasing adaptation of the classic "the great gatsby" this weekend. it's a really big bet at the start of an even bigger summer for time warner studio. julia boorstin breaks it all down, for what is at stake. and it seems the stakes are pretty high. >> in a summer crowded with action and superhero, "the great

gatsby" is already off to a pretty great start, grossing $3.25 million for midnight screenings last night. it's for more than "sex and the cit city" opening night. warner brothers is hoping that an iconic title, expensive production, and a hit soundtrack from jay-z and beyonce will draw a wide audience. now, the film has also earned millions of dollars of free promotions from licensing deals with tiffany, prada, and brooke's brothers, but it is still a big bet. the studio doubling down on gatsby last year when it held off its release to pour some money into re-shoots with the hope that it will now gross $40 million this opening weekend. the question is how it will hold up in a particularly crowded summer. warner brothers has six more films before labor day, starting with "hangover 3" in two weeks, then "man of steel," horror film

"the conjuring," the comedy, "we're the millers," and then the thriller, "the getaway." the gatsby reviews have not been great, pretty mediocre with a 45% critic score on rotten tomatoes, but that is not impacting moviegoers, it has an 84% positive audience rating. >> 46% is hardly good. you're being very polite there. >> no, 84% -- >> no 46% of the reviewers -- >> from the reviewers, yes. the reviewers don't like, but the audience does. >> i agree that the reviewers sometimes --. sharon waxman, founder and editor of thewrap.com. we're kind of talking, we're in this business sort of, here at cnbc. i was wondering, is it going to be a hit? we had a pool on our "street signs" team. i don't think it's going to do well. what do you think? is this going to be a huge hit or a huge flop? >> i think we're going to have to see how it does after this weekend. this weekend, it's going to do fine, as julia just pointed out. it had a great opening last

night, but that's a very small amount, small indication. it looks like it's going to be $40 million this weekend and that's very respectable. that's also if you believe the budget is really $110 million, like warner brothers is claiming. it looks more expensive than that for sure, and probably another $100 million on the marketing side. so a lot of cost in that movie. but what's going to really matter is how it holds up. that word of mouth is going to be massively important. it will have a great opening weekend, but if people don't come out and tell all their friends to go, it's going to face so much competition from these movies that are coming out, "boom, booboom, boom, boom going to unravel. >> it's an american dream story. but it feels like the film here in front of us going to be previewed is going to be a bit chicky. is it a chick flick? >> totally a chick flick. they're completely going for the "titanic" audience, meaning young women who will hopefully

go to the movie, again and again -- >> who love leo. >> who love leo, who will take their boyfriend. they're hoping it's a date movie. it's definitely -- i like the "sex and the city" comparison, actually. even though the critics haven't liked it and say that the movie doesn't have the depth of the f. scott fitzgerald story that it's based on, there's so much eye candy there and baz herman had so much fun, those elements could carry it. >> i'm going to go, because it's an aussie director and i'll support my homeland. thank you very much, sharon. >> "the great gatsby" is bringing the roaring '20s back to life. so that naturally got us thinking about the markets back then. brian shactman joining us now with a trip back, and there are actually companies trading now that traded then, sort of. >> there's a lot of them, when they went away, and what they became, and it's an interesting little set of streams that have gone away. take a look at 1922. that year, the dow jones

industrial average gained about 21%, a pretty good year, had a high of $103.43, a low of $78.59, just amazing to see those small numbers. i checked on sell in may and go away, nope, it went up about 5% that month. i also looked into all 20 of the companies to see what's happened to them. each, of course, has a story. studebaker was gone entirely by the '60s. several industry businesses simply shrunk and folded into bigger con gglomeratconglomerat. american car and foundry is now called acf, and on a day we're talking a lot about carl icahn, he has been in this name as well. but what company hasn't he taken a shot at? two copper names are interesting to take a look at. all that's left of anaconda, a little bit of liability on bp's book, which is a surprise. and utah has been folded into rio tinto, which is a huge global name. in today's dow, at&t is still

there, although it hasn't been there straight through for that whole 81 years. it was out and back in. ge is a founding father of the dow. and chevron, partly made up of a texas company. now, two years later in 1924, some iconic names did come in, sears roebuck, mack trucks, and dupont entered in 1924. >> been around for a long, long time. >> like yourself here at cnbc. >> in case our viewers don't know, brian, the greater of the two bss here, brian is going to be hosting "way too early," 5:30 a.m. every day, that's early my, friend, on msnbc. i've always worked here a couple years, brian, you've always been a great guy to me. we're going to miss you, a lot. >> and as a tone of our appreciation for everything you've done for us here at cnbc, we have brought you an alarm clock. actually -- >> extra loud. >> if you're getting up that early, you probably need three. >> i need the one you can throw

at the wall. >> or the cnbc alarm clock app, i think it has a rooster. >> are you on it yet? >> it's terrible. zero people have downloaded. >> which one are you going to choose? >> the one that would annoy me the most. >> "street signs" is back in two. >> thanks, guys. eed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. all your important legal matters in just minutes. protect your family... and launch your dreams. at legalzoom.com we put the law on your side.

mine was earned in djibouti, africa. 2004.

vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. welcome back to "street signs." i'm josh lipton. some headlines crossing here on actavis. actavis confirming those reports

that it has, indeed, entered into early stage discussions with warner chilcott. actavis further stating that no agreement has been reached. that stock has resumed trading. warner chilcott will resume trading at 3:05. back to you guys. >> thank you very much, josh lipton. that does it for today. thanks for watching "street signs". >> have a great weekend, everybody. stay safe, america! hi, everybody. happy friday to you. welcome to the "closing bell." we enter the final stretch for the week, a record-setting week. this market trying to finish the week on an up note, although we are negative right now, down about ten points on the dow jones industrial average. nasdaq, s&p 500, mixed showing. you've got the nasdaq up 20 points right here with technology one of the leadership groups on the upside today. standard & poor's 500 up about 2