minutes. if you don't think it matters, look at this. the s&p 500 has finished down 70% of the time on the days the minutes are released. the lead today, we also see a drop after these fed minutes come out, mandy. >> that is the question. in the meantime let's get straight to steve liesman with those minutes. >> mandy, thanks very much. the federal reserve held a special meeting we didn't know about to discuss forward guidance. they generally agreed on drop that 6.5%, calling it outdated. that leads to the regular meeting when they decided to reto go to quail at a timive or language that would describe it. shifting gears, remember at the meeting and the statement came out there was a spoof ma maybe the fed had turned more hawkish. the fed was concerned about this at the meeting. some participants were concerned

the fomc statement says the rise in the funds rate frars could be misconstrued as indicating a move by the committee to tighter policy. they were saying nothing of the kind really happened, and in fact the minutes say it was noted at the time meeting that the public should follow the statements made by the committee, not the forecasts in the s.e.p. all but one in those in the rate hike in 2015 or later. both sides weighing in. some participant question whether the fed was providing enough stimulus given how low inflation was. it was made clear that further tapering is expected if the economy continues on the path that the fed expects, which is to improve as the year goes by. the fed sees fewer headwinds and better growth this year compared to last year. members think that the winter weather was what was

responsible, at least mostly for the slow ser economic and economic weakness. some were concerned over inflation being too low and concerned also about slow growth in china made mention as an area of concern. ukraine seemed to have little effect on the u.s. economy, according to the minutes, but perhaps some global implications there. so overall, guys, i think this idea that they saw a train wreck coming, but couldn't avoid it, when it calm to the disparity between what the fed said in its forecast or where the funds rate would go and what the statement was saying, they knew this was coming, nothing they should really do about it. >> steve liesman, thank you. before we get to the reaction with brian, i want to mention, the markets are moving very slightly higher. nonetheless they're holding their gains and even building on them. the dow is up by about 100 points as we speak. let's bring? jill lavonia, bob, your immediate reaction to the minutes? >> one of the things they're

trying to slice thin layers about is these dots and what they really mean. as you know, in the dots you have everybody contributing, whereas in the statement you only have the people who vote on the committee. the district bank presidents have more weight on the dots, and so it looks like the district bank president is becoming more hawkish, but on the fomc, policy is remaining more or less the same, which is why janet yellen suggested we not look at the dots, but we do seed underlying problems and differences of opinion on the committee. >> do you think there wassing in that stood out for you, joe, that you didn't expect in the minutes? >> no, i guess, you know, yellen said ignore the dots, so steve said they had this emergency meeting on march 4th right before the meeting we had several pretty clear that they were going to drove the language, so if anything, i guess it tell me that what people say in public is pretty

important. it's clear that the fed is not going to hold back people if they have certainly views they want to express. >> you talked about the regional fed presidents becoming more hawkish, but you had janet yellen in chicago last week becomes some would say more dovish. are we headed for a collision course? >> i don't think it's a collision course. the chairman controls the committee. you have the governors and the rotating bank presidents. the presidenting can't override the governors and the fed chairman. that's not going to happen. >> but their viewpoints matter. >> their viewpointing matter. what you do see is a very big difference the opinion. i do think that's an issue. is you see people on the committee saying and seeing different things. we're going to have a rotation at the end of the year. every year we had it. and you're going to have new views expressed, but there's a core of people who are experts on monetary policy who have been doing this for a long time, who are not on the same page as the

numbers coming out and the policies coming out from the fomc. it's not surprising, they talk about inflation. they have this 2% inflation, they call it a target, but they're never committed to hit that target. if you look at where we're going to be when we again to the end of 2016, we will have averaged 1.5% on the pce and the core, but it's supposed to be 2%. that's an eight-year period. we're going to be substantial undershooting what's supposed to be their target. i think the fed needs to articulate what "target" means. >> guys. >> stan fisher to me is very key. we don't know his views yellen it's clear she's extraordinarily dovish, but where does stan fisher stand, and is she more middle of the road? he could dominate the discussion when he joins the fed. >> steve? >> i don't want to lose the forest through the trees here. there was a debate when the statement came out and yellen

spoke about whether the fed was being more hawkish. these minutes, to my mind in a stanch alternate way go and say if you thought the fed was mower hawkish, you were wrong about that. i think it's pretty clear here that the fed was concerned about the very things that were taken to be more hawkish being, quote misconstrued. that's a being word in an fundamental omc minutes statement there. so to me that's the significance of this statement here, is that if you thought we were more hawkish, read these minutes, you'll find out no, we weren't being more hawkish. >> for the people at home not necessarily interior fed watchers, right, the movements and language, what they care about is the impact. right now the impact is stocks are up, the dow is on its high of the day, bond yields have fallen a bit, in fact the five year, some of the shorter in numbers, they have come down. the reaction clearly here, mandy is that the market, right? the market participants, and they're the ones that matter here in terms of the language

are saying this looks a little more accommodative, and favorable to equities. >> i think it was also interesting in something you had earlier, steve, is there was some debate, some even thinking are we even providing enough stimulus, what do you think on that point? >> you know, i think -- what i hear in this statement is that the doves are a little more vocal, when el read the minutes. it may mean they're not getting their way quite as much as they would have liked. i think it's because the taper is in place, and there are some on the committee, the doves, i think, who aren't getting their way on that. i think they're not necessarily on board with the taper, but the hawks have their way on that particular aspect of policy. what you find, mandy, when you read these minutes is the side that's not getting their way is the one that tends to be more vocal. thank you both. let's get strait to dominic chu, rick san telei is also

here. we're building on the rally here, it looks as if the doves seem to be winning their way today. >> that's right, mandy and brian. the hit the nail on the head and so did steve. what the market is looking at in the statement is they're thinking to say here the fed will be a little more accommodative than they have perceived to be in the past. for that reason you saw stocks for the dow jones industrial average, they were up 80 points, they're now up toward session highs. same with the s&p, up 7 points before the meeting minutes came out and nour we'll talk it about 12, 13 points. when you look at the way that stock traders or stock investors are viewing these meeting minutes, bakley what the fed has come out and said to steve's point, if you thought we were being hawkish, you were wrong, we at least for the time being expect rates to be low, we'll see accommodation in place, even some members are saying we aren't stimulating enough, like you said, mandy.

that's the real key, why you're seeing stocks moving up. a lot of the stock traders are watching currency boards as well. the dollar hitting multimonth lows here as well. certainly one to watch here. it's crazy that the market is so near the record highs, talking about, is there enough stimulus, we need extraordinary support. there seems to be somewhat of a disconnect, but let's talk about what's going on with bond yields. we did push below the 2.7 marx, but i see we're sitting -- well, 2.99 right now. >> y50er8d curve. we have steepened on the minutes, makes sense, but the three or four basis points of steepening didn't in any way take away the bulk of the flattening, so the fed can try to take it back, but the market priced in a major flattening based on the notion sooner rather than later rates are

going to normalize. they can dance around the edges, but that didn't change. really the comparison needs to go back to the 18, i think that flatness remains, just like in may, the normalization, the hundred basis points remain that ultimately they should be sending europe a thank-you note, because the arbitrage of the artificially low rates is keeping or raids low. they should hurry up and take all these programs, because there's a window here that janet yellen had that's a different from mario draghi. >> i mispoint -- big, big difference there. sorry, just on the fly. >> no worries at all. speaking of flies, by the way.

can we -- i think prints saying this is what it looks like when doves fly? intraday down, it's accommodative, dow at the high of the day. gold is up just a bit. more market reaction. plus an explosive new report say the handful of doctors -- we're going to dig in on the so-called medicare millionaires. ahead it's a story that every single taxpayer needs to pay attention to. herb is joining with a name he warned you about last week. it is tanks today. we're going to get his take on that ahead. me we're also rocking out with kiss's paul stanley. he'll join us live. check the twitter, folks, a certain someone is getting into the spirit not so long ago. stick around.

ound. all of these are moving up, but we're extending gains after the minutes came out. you have the ibb there in front of you, up by nearly 3%. >> file this one under if you're not mad, you're not paying attention. a shocking new report shows a tiny fraction of all doctors are somehow receiving most of the

medicare money. scott cohn has been digging in and joins us with more. >> if you're going to get mad at something, get mad at the numbers, the cost of health care. anytime you start talking about health care dollars, the amounts do boggle the mind. one in three americans receives benefits at a cost of around $900 billion. $77 billion dos to doctors and other providers, some are better at navigating the system than others. a handful are better. one -- in 2012, more than any individual doctor in the country. he's already on the fed's radar screen. he was ordered at one point to rural nearly $9 million in a billing dispute. he's also gotten his attention to robert menendez, who's acknowledged make inquiries about ambiguousities in the law.

melgen's attorney says he always billed in conformity with the rules, the vast majority is the cost of the drugs. and dlismt melgen stands by his record of improving the vision and quality of life from patients around the world. he's not the only doctor. a florida cardiologist took in $18 million and a new jersey pathologist 12 million, clinical labs collected even more with three labs bringing in well d. this kind of data has been under wraps for decades. last year lots of discussion was sparkeded when it released similar data for hospitals. that's the point is to get the information out there and get people talking. >> like we are doing right now. thank you, scott. does the public have a right to know how much it is paying doctors for treating medicare snashts joining us is think progress managing editor and a

radiologist who joins us here on set as well. eric, i want to start with you first of all. i want wonder if it misleading, consumers may look at this and have a completely different view. paint the real picture. >> i think the context here is the issue. in a generic sense it's not a bad idea for people to see some data, but the context here is we're going to expect jane and john q. public to understand this is not in fact net income, this is actually gross income, and also to take into account what the cost of delivering the services. for example, if you look at a medical oncologist several millions spent in some circumstances to purchase his our her drugs to give to the patients ahead of time. if you look at that and understand why that's necessary, then you can understand the context, but that context is simply not provided in this realm. >> and cost of things like equipment and malpractice insurance. all of these things.

for example, in my group, we have millions of machinery, $3 million mri machines, employ a staff of hundreds. none of that is taken into account, because that's the cost of doing business. it could be applied to almost any other walk of life. you could look at the gross revenue of exxon and not think about how much money it would cost to -- >> doctors do great work, you guys save lives every day and we appreciate it, but that's baloney. no offense. when you look at the data here, when the average person sees a small personal of the doctors getting this huge sum, 3300 ophthalmologist that's a million each. we're not painting all doctors with a broad brush, but can you look and say there's not fraud or waste going on? >> outliers will always be a problem. you could see it in almost every discipline, but the problem is the average person may look at this and say that an interventional radiologist

unclogging dialysis graphs, who bill 2.7 million must be fraudulent, because another person in the same practice billed much less, but they do thyroid ultra-sounds. i have no problem with data being released, about you in the context that it's actually applied, that's the way to do it. not with this raw data and not with the absolute gross amount. nonetheless, i do feel and i don't like the fee for service system. i think that's a problem. igor, what does this back up the need to systemically overhaul the system, where a doctor might be incentivized to send people away for more services and procedures than they might otherwise need, because they obviously get a fee for it. >> this advances that cause that says, look, in a system where doctors are reimbursed for every single treatment, every single drug they provide, theres this incentive to provide more care. so, in anything, we think it's time for doctors and congress to kind of get out of the way and

allow hhs to experiment with these new ways of delivering and paying for care to see if we can do it more efficiently. with all due respect to the doctor very quickly, medicare is a seniors task group that's tasked with seeking out fraud. they've saved the government billions of dollars over the year. this data just empowers them further, so they can go to the doctor see if they're an outliar, so the idea that, you know, consumers or patients are misinformed or just too stupid on understand the data, i just don't agree. >> your response, doctor? >> this is a very thinly veiled attempt by the administration and supporters to get data out there and change the system. as igor says, that's what this is about. i can't believe that this administration is all of a sudden interested in transparency. >> what does this have to do with that? >> look, that's the bottom line here, what is the point? it's to mobilize people to be in opposition to the money that

doctors make to want a transformative system. what they will buy with that system is a system that doctors of disincentivized. >> you incentivize doctors to provide quality care, you say here is a sum of money if you can treat this condition, and if can do it more cheaply than that, you keep the money. that's the kinds of incentives you want. the current incentives of every time you do something you go ahead paid more, thor are overturned, and you begin to lower the cost. >> igor, i'm going to agree, but you push back, the hhs, 22% of the federal budget is medicare, medicaid or children's health programs. we all want everybody to be taking care of. thankfully the cost curve has come down, we're heading towards unsustainable -- the hhs has not been the model of cost savings. >> it's unquestionable the biggest way you're going to begin to lower that trend further is if you pay providers

differently. right now they're running all these demonstration projects to see if they can do it -- >> the early data -- the early data is the early data. you want to run the tests, systems that work, ones that you do, you push them in, and private insurers follow the hhs model. >> and here's the problem. the problem will be free will. doctors don't have to take medicare. if the reimbursements get below medicate as adjusted. >> they will drop out. >> and. >> they're not going to drop out. >> you know that for a fact? i don't think so. >> thank you both for your time today. speaking of doctors, they call him dr. love. kiss's paul stanley joins us ahead. and hold the bacon. pork prices are pop. that plus three other grocery aisle shockers. and the marx are on fire on back of the fed minutes.

some of the old school names are also. look at that. steel allegheny tech, alcoa. and u.s. steel up 3% as well. old is new. we are back after this. relocating manufacturing to upstate new york?why iy i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. growth? growth. i just talked to ups. they've got a lot of great ideas. like smart pick ups. they'll only show up when you print a label

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welcome back to "street signs" the market is in rally mode. all moving higher, as they reached a settlement in its landmark bankruptcy case. the deal significantly reduces bondholder losses and could pave the way for agreements with other creditors. get ready for sticker shock. we are four they're hitting record highs. they say beef jumped to a record in a pound in february. hold the bacon. a rash of sick picks has. >> those pigs need socialized medicine, stat.

we talked about a global lime shortage. air travelers are feeling the squeeze. the government cracking down on fake honey is the fda says honey added to sweeteners cannot be call honey. pure honey hit a record high last year. it was clear that perhaps there was overexpectation. the dow is up now. and i know how much you love currencies. the dollar/yen is currently down.

still ahead, another day, another car recall. and if you're one of the millions impacted, good luck finding a quick fix. we will explain. >> we will. plus the single most important thing that you can do today to protect your money. that's ahead when "street signs" returns. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars.

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and you'll be ready for tomorrow today. comcast business. built for business. we're leading off with a name we've mentioned recently. today it's getting an upgrade to a buy from sell. >> that's a big jump. it went right by neutral. ubs also raising it, that's about -- research was up 7%. the ceo was on "mad money" last night. it did get an upgrade from neutral. the reason we brought it up is

their target increased a couple bucks. >> about 2% on the up side. point is this is a much hated stock, maybe some concern about the flash poison. >> okay. up next is omnisell. those sharsz are rising. . >> it's up 6%, 2936. craig hahallum. the average analyst retch was up 17%, that stock up 14% already this year. gray television, getting an upgrade. absolutely saw nothing gray about that game, brian. >> atlanta-based tv broadcast company, ten of the stations are affiliated with our parent company nbc. wells fargo likes the potential for m & a, they have a $12 price

objective. they see 45 cents of up side, but a name you should maybe have our your radar. >> linkedin. >> it's needed help. they need this now year to date. the target remains 230, about 35% worth of up side. they like the risk/reward trade-off. the last few weeks have not been kind to social media stocks in general. that's why we're talking about this particular stock. >> in fact this morning on "today" sheryl sandberg was asked about her recent stock sales and rumor being her leaving. >> i'm glad you raised this. there's been some confusion. a good chunk of what was sold was all for taxes, so there's just confusion on that. i have really plans to stay at facebook. all right.

facebook shares are up more than 5% today from piper jahvid re, that's pushing up the social media etf. is it time to get in on facebook? j.c., i'm actually going to start with you on the charts here. some say it's a technically driven company, anyway. what are the technicals saying about facebook stock? >> well, the technicals are very important. it does a great job of revealing the true investor psychology. i was walking through a few main points that i see in this chart. first since last summer, you saw a nice healthy period of accumulation. you saw the stock prize with the nice steady up trend, and then all of a sudden march comes along. they decide to harvest profits, sell some shares, and you saw some major selling pressure that brought of price underneath that long-term up trend. that was a concern for me. but look right where the price

selling stop. it stopped at the 150-day moving average. this is where it gets interesting. that 64 there's price level is critical. n the dead cat bounce would run out of the steam. >> 64 is the mark we're watching out for fundamentally thinking, do you think facebook is a buy? >> mandy, i don't just like it, i love this name. this is a company that on the fundamentals is fantastic. look at the margins, 60% margins, the user base is over a billion people, growing by more than 20% a year. if you look at ad revenues, the price paid per ad on average is

up over 92% year over year, so you have increasing ad retch. the intersection of two of the hottest trends in technology, really. mobile applications and social media. so it's really in the sweet spot. i don't think sheryl sandberg is leaving, i certainly wouldn't be leaving. this stock goes to $80 on the growth. it's trading at 0.9 times peg ratio, which comparatively speaking is actually cheap. it's cheap, it's got high margin, high growth, in a hot sector, it's an tieser's dream, and it's got lots of low-hanging fruit. >> don't hold back,down, tell us what you think. >> could go to 80 you say, john. thanks very much. be sure to check out the online edition of "talking numbers." you have a lot of moves here. the bond market is also moving as well.

yield coming down. 2.68%, everybody freaking out about higher mortgage rates. i guess they don't have to now. it's back to where it was this time yesterday. >> 2.68, mortgage rains. will remain favorable, realtors everywhere, dancing the jig. >> they just have to find some inventory. excellent point. on deck another day, another massive auto recall. what is behind the recent up tick. >> don't say he didn't warn you. >> herb is back to tell you why this is one red-flag stock is down 5%. >> we are indeed pumped. rock and roll royalty is here. paul tanly will talk about his new books, where he's putting his kiss cash right now. tdd# 1-888-628-2419 can take you in many directions. spark your curiosity tdd# 1-888-628-2419 you read this. watch that. tdd# 1-888-628-2419 you look for what's next.

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numbers. wait until you here what bill miller says about the market, and what john levin says about activist -- and the bendly that's market outside. we'll talk about luxury sales. by the way, we told you stocks are doing wes. equal weight, they also cut the price target to up to $33 from $49, saying the stock is trading near fed value. although day, although big recall. this time toyota recalling more than 6 million vehicles worldwide. folks, this means more than 10 million cars have been recalled

just this year. phil lebeau, what is going on with all these car recalls. when one part goes bad, a whole bunch of vehicles were being recalled. that's what happened when toyota out of japan announced a worldwide recall totalling 6.7 million vehicles. we saw recalls, because there's actually a couple of them here. 27 models, we're not going to run down all of them, the corolla, highlander, almost all the popular models are involved in some fakes. they were made between 2004 and 2013. these recalls from toyota involve potential faulty air bags, seat rails, steering issues. there's a host of potential problems there, but we should point out that toyota says of no known accidents or deaths

surrounding the recalls. and keep in mind, despite the recalls that have been announced by toyota today, what's going on with general motors and its recall of 2.5 million vehicles, auto sales have been picketing up. they're expected to be up about 5 to 8% this year. the large number of recalls again, it's all due to the commonalty of parts being used on platforms around the world, so as you look at shares of general motors over the last year, we've been talking about what's going on with gm, you see the falloff there within the last month when the issues involving the ignition switch really picked up. when you look at toyota over the last five years, you've got to go back to 2009 when they recalled almost 10 million vehicles, and the time people said that is it, they're dead 2349 water. this is the kind of thing that people are banking on with gm in the future once they get past this recall crisis.

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intuitive surgical down, yet weak demand for the robot, herb greenberg has been concerned about the stock, and we're able to get herb on camera this time. the stock is still up year to date. what's the problem here with isrg? >> i think the problem is you're going through this big reset.

i've been talking about it for quite a while. hospitals are putting the brakes on purchasing. at the same time you have some concerns about the overuse of the product we've been talking about that. the company actually said in its warning yesterday they've set aside, you know, a whole bunch of money to settle the product liability suit, so i think you're starting to see the results of that filter through the company. >> also you would expect to see a number of companies this earnings season blame the weather for my problems they've had, but isig wouldn't be one of those you would expect. what do you make of the effect that there are a number of analysts who have come out and set the procedure rate due to the bert, well, not even the company blamed the weather. not only did the company not blame it. on the earnings call january 23rd, they never mentioned the weather, yet one analysts was out today saying people were bracing for a miss given the weather. surgery, when you need it

especially the kind that they use a robot for, we're not talking a facelift here. we're talking about something that you need the surgery, you need it. if it's delayed a day, two or three or week, you're going to have it. this is ridiculous. >> all right. ridiculous, we'll leave it there. let's bring in shagun, five years since the new product roll-out. the target on it is 514, well above the current price. many analysts will say a new roll-out will be great for the company. you disagree. >> we do disagree. we believe a structural shift in hospital demand is under way. payers are recommending conservative disease management, and we've seen it in the numbers. the volume was up only 7% year over year. we were looking for an increase of 15%, so we are definitely seeing a structural shift in hospital demand, and we believe xi is not the answer. >> one of the lowest price

targets out there on the street of 295. it was at 541, by the way. just last thursday, but i want to ask you with regard to the monopoly situation, there was a time in certain robotic surgery, a so-called monopoly. to what degree does that stand as a tailwind for the company? >> let me step back a bit. in 2009 when the last robotic surgery and last big launch and product was rolled out, the u.s. hospitals were not fully penetrated. you had less than 1,000 robotic surgery equipment out there, so the market was significantly underpenetrated. this is not 2009. >> okay. >> most of the hospitals are already fully penetrated. there is a lot ofheadway in terms of procedure volume and taking share from open surgery, but, again, what we believe is that xi is not the answer. we have seen a significant shift in demand. 7% procedure volume growth in

one q versus 16% last year and 25% the year before. it really gives you an idea of what the underlying demand is like. >> you know, herb, hard to find somebody sometimes that's a little more negative on stocks than you had. not all the time. you make good calls all the time. shagun's price target is well low of the price. what do you make of that? >> a bold call and analysts out there a week ago so gidy over the new machine and touting it after the stock -- look, the stock went up 23% in the span of two days or so after that announcement on the back of a 2323%crease so far this year because the company had an earnings release that wasn't as bad as people might have expected. at the time i was saying, i was on your show and saying, you know, that was just one quarter, so i think the analysts need to get real here, and some of shagun's comments, as they relate to product procedures and -- and machine placement

are -- are on target based on the research certainly that you've done. >> both on the same page then. herb, thank you very much and shagun, thank you very much. reiterate your strong rating and you strongly reiterate it. thank you. first time on interview. >> big interview tomorrow on nbc, huge, giant, the chairman and ceo of pfizer and also the incoming chairman at phrma at pfizer and he'll join us on "squawk on the street." that's a big-time interview. >> go reset your passwords everybody like now because a new security bug is targeting a popular encryption software. tech efforts perts say this bug is extremely serious. 66% of all sites are powered by this technology, so hackers could get access to highly sensitive information like your credit card number, your user name and, of course, your

passwords so do change all your passwords on the web immediately and most major service providers should hopefully be updating their sites. brian? >> the way we pay for things is changing fast. that's becoming one of the hottest grounds in silicon valley. >> we know big tech wants to control your living room. now tech companies are also fighting hard for a piece of your wallet. there are several companies here in silicon valley that think the payment industry is ripe for disruption. now certainly nobody knows more about how to shake up the payments industry than billionaire peter teal, co-founder of paypal. his founder's fund is now investing in stripe, a san francisco startup, that gives merchants a computer code that can upload so they can process credit card payments. investors, they have already committed about $120 million to this company. stripe is taking aim at established players in the payments industry such at paypal

which says last year alone it processed $125 billion in payment. paypal isn't sitting idle though. the company continues to expand its reach into mobile payments. this friday paypal tells us they will debut an apf for samsung's smartwatch, and you can't talk about disruptive companies in this space without mentioning square, the new tech site in which nbc news group is a minority stakeholder. reports say apple and google have considered making acquisition offers for jack dorsey's startup. beyond processing transactions, there's also a lot of innovation going on when it comes to paying your bills. menlo ventures says the firm is investing in a company called check. download app and you're reminded when the bills are due which you can pay instantly so no stamps, envelopes or checks. the company has already raised $50 million from investors and finally there's apple. recent comments from tim cook indicated that apple could

launch a mobile payments platform of its own. the move would make sense, say analysts for ale, given the huge amount of commerce that already goes to its ios devices. back to you. >> josh lipton, very good stuff. appreciate it. >> up next, one of the most unlikely guests in "street signs'" illustrious history, kiss and paul stanley suddenly promoting his new book on television right now. we're back after this. ameriprise asked people a simple question: in retirement, will 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..

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it's about once every 100,000 years we have rock legends on this show but kiss front man paul stanley's new book is called "face the music, a life exposed" so shout it out loud and he joins us now from the nyse. this is cnbc so we're going to take a moneyage. you guys have more gold records than any other american band in history. at the peak, right, at the top, how much was kiss worth and bringing in? >> well, i think to date it's close to $1 billion. it's father over half a billion dollars. we've been doing this for 40 years, and i guess my message to people who watch and are starting out is always follow your own needs. whatever your need is, we'll address the needs of other people. if you try to second guess the public, you're running into a dangerous territory. if you know what you need, we were the band we never saw. find something that you need in your life, and you can give it to other people so that's really the key to success.

it has to start there. >> you know what, paul, i love the fact -- people look at you that you've had an amazing life with sex, drugs and rock 'n' roll and in your book you show how you overcame deafness and bullying and all other kind of hardships and it's a great story, and now you've reached success and because we're cnbc i'm going to ask you this question. what are you doing with the money? are you investing in the markets? >> you always invest in the market. you never want to put yourself in a position to be cash poor. i'm not here to tell the pundits or anyone how to invest, but obviously you don't want to overextend yourself, and the market always comes back, you know. you have to have faith in tomorrow and make sure that you take care of yourself in the meantime. >> if kiss were starting today, would pandora, spotify and itunes make your life better or worse as a musician? >> it's a sad situation, because at this point musicians and creative people are not getting their due because due to technology and all kinds of

legalese, people are having their art and their music stolen from them. you couldn't do that to a painter. you couldn't do that to the plummer who comes to your house and yet somebody can go on the internet and say that they are sharing files when in effect it's no different than going to your house and stealing your car. >> and certainly not the only one who has been out there voice criticism, like pink floyd. paul, we have to go. other pleasure. >> thank you. >> thanks for watching "street signs," everybody. "closing bell" is next. hi, and welcome to the "closing bell." i'm kelly evans here at the new york stock exchange. >> and i'm scott wapner in for bill griffith today. the stock market hearts the fed. a roaring comeback from the recent selloff after the fed minutes were released about an hour ago. don't fight the fed, i don't know. >> we had to declare what we were fighting, right? this was the fed meeting where afterwards janet yellen came out and when pressed