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tv   Street Signs  CNBC  May 9, 2014 2:00pm-3:01pm EDT

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average. s&p, though, has turned negative. the nasdaq composite is beari bearingly hanging on. three etf winners. er, power shares, and pgj, she try to do say. ty. that will do it for this edition of "power lunch." have a great mother's day, too. >> thank you, and to joe as well. sti stinz stinz begins now. "street signs" begins now. welcome to "street signs." it totally beats me why you wouldn't get excited about apple maybe purchases its way to a recording industry giant. home sellers now maybe getting overzealous? old coins popping up everywhere. which currency will get bitcoin
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a run for its money. all right. bob pill sannist, rick santelli, bob, how are you wrapping up the week? >> i want to show you what whaer talking with momentum stocks. the nasdaq internet, this white line, see this big move up, outperforming the s&p? that green line? then this. this is what we're talking about, the momentum stocks falling apart. there's still no signs of stability. we're still getting stocks that are moving around. 3-d printers, we are automatic obsessed. the stock was 140 a few months ago, now it's 88, vocal jet was $70, i think, in november.
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it's 13 now. look at x 1, now it's cut in half, $32, 3-d systems, cut in half, 50% drops so far this year. another group, solar stocks, we all were obsessed with them for a while, there's too much summer. look at chinese solar stocks at 2014. ldk, these all trade here. all of them essentially cut in half, so not just biotech and not just internet names. there's a lot of other high priced stock us out there that have also had their real swagz cut, and then they small-cap high growth names that have been cut, but the broader market is continuing to hold up. guys, back to you rick in chicago, quite a week for the bond market. yeah, big, big week.
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and remember sully it wasn't a. >> not great? you gave it a d-minus. you're a harsh professor. >> in honor of the nfl draft, sully. let's go long. look at this chart three-year chart of 30-year bond yields. if i took off the name that was 30-year bond yields, and i said this was a stock, would you buy it? i don't think you would. i'll tell you what. i know there's a lot of reasons why interest rates are moving down, but i personally think the least important reason of late is geopolitics. the most important of late is long-term impressions about the growth both domestically and globally. >> rick, thank you very much. by the way, kudos to your bears for taking a smart selection, virginia tech grad kyle fuller, now going to play the corner. have a great weekend. >> you too. violence erupting once again in ukraine. at least three people were killed in clashes all in that
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eastern part of the country. demonstrators apparently said fire to a police station. as many as 25 others were wounded today. >> given the violence in ukraine, you have the fed thrown in and a whole big week of data ahead. joins us is michael cugino, and mike mccormick, vice president and portfolio manager. it's absolutely incredible, guys, if the s&p finishes lower for the week and it looks like it is going to, it will be the tenth week of weekly gains and losses. it just feels like the market does not know what to latch onto. michael, what should they be latching on to? >> yeah, it reminds me of james stockdale. who am i? what am i doing here? you know, you have stocks up near highs, bond yields trending lower, a little confusing but i
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think we're for data, you have labor janet yellen speaking again, consumer credit information, so i think it will be a big week for a lot of data from a number of different areas and try to update your models. >> my head is spinning with all the things you just mentioned. >> i haven't the slightest idea, probably why you want to be diversified to some degree. there's no question i think economic statistics are improving, though i still think we're still trying to figure out whether the slowdown that we saw in the first few months is due to the weather as everybody is saying or there's something more to it. i'm not confide buying 3% and 4% in the gdp growth quite yet. i think corporate earnings were mixed. generally they were good on low expectations, but growing slowly. outlooks were not great and
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forecasts were not great. so very confusing right now. >> for the first time in a few years, i agree with mike in terms of the market is over, right? we can't just talk about the market anymore. it's stocks that seems to matter to everybody. with that in mind, what are you buying right now? >> different-paying stocks, particularly technology stocks. i think michael is right we're in a digestive phase where invest -- and getting more questions and answers. i think different-pays stocks can give you down side protection in an environment where we're likely to see more volatility, not less. with pes above 100 are down d. though with pes are less than -- you're see stocks start to roll over. i think people are going to go to companies like apple with a 14 times pe with a strong dividend get prepared for more
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volatility. >> the only major index higher is the dow. it's defensive. >> no one manages money to the dow, but i think people are looking for guidance here in the stronger, more blue chip companies with stronger balance sheets, very appealing to investors right now, they've seen a lot of noise. and they say i know i can get paid the different. technology companies, i gets it's a sign when the dividend managers pound the table on technology, but these are companies with very strong opportunities to grow their different. over a historical time in the summer. >> and you know what, michael? he's not talking about internet stocks. he's talking about apple, qualcomm and the like. so my question to you is there was an interesting report saying that 24 of the 30 largest internecessarily stocks are back to oversold territory, particularly names like groupon, et cetera, do you agree and does it mean that you get in at these levels?
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>> there's a lot to that question. i would agree with matt that dividends are important. i think trying to find that balance of return in safety in dividends as a total return play is a good idea in technology, but you know, i think some of the growth stocks have been oversold. clearly the markets, speaking generally, may be oversold, but there are names within that are fantastic being sold off that we would believe orb long-term economic opportunities -- yeah, they trade at high multiples, but there's a reason they're at high multiples, and the growth rates are mirroring some of that. you have to take a chance to capture that growth. >> michael and matt. >> it's not as easy. some companies aren't growing, so it's not easy to pick any market stock and get there. >> absolutely. no longer the dartboard market. thank you very much for joining us. enjoy your weekend. up next, on to the next episode. if apple does buy beats, we'll discuss the next deal that they
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may absolutely need to make. plus the overzealous seller, the shocking stat on just how many people are overpricing their home this season. right back after the break. passion... became your business. at&t can help simplify how you manage it. so you can focus on what you love most. when everyone and everything works together, business just sings. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros
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diana i hope you can explain it more articulately. >> home prices are still rising, so fast that 1,000 u.s. cities actually have hit new price highs. that's according to zillow, but that has some sellers thinking the sky is the limit. >> hypoprices are hot, because conversations in the neighborhoods are that the trends are definitely upward. >> 40% of sellers by redfin said they are planning to list their homes higher than list. this family was some of those confident sellers. >> my wife and myself, we take a lot of pride in our house, and did a lot of upgrades. we put a lot of money into it. it would a lot of ownership. so, you know, trying to reconcile that with whatever the market is no was a bit of back and forth. >> their agent talked them down to a lower asking price, but it was not easy. >> when you look at comps, the
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trends are hard to identify. you can have price variations of 50 to 75,000. >>. soricellis took their agent's price and the home sold in one day. >> not having to go through the waiting and having your how -- that's worth a certain amount of money. >> they were also happy because a house across the street from them similar to theirs that was priced higher sat and had to do a price reduction and is still sitting. once again a home will only sell for what it's worth, no matter what the national stats are. >> diana, thank you very much. stick around. so our next guest here is to tell us what is right with housele. >> tim ruud, runs mcbride runs a blog what i thought was a great post earlier this week, listing nine things that are right with housing. his main point even though
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existing home sales disappoint what we're expecting, it's probably because the number of distressed and foreclosed sales is tanks, do you agree with that thesis? >> i agree and i'm embarrassed, i probably poached half of his list. i know bill mcbride, i love the blog, and i think he made good points. existing home sales are off 7.5%, but that's not necessarily a bad things. because the properties are mid to higher end that are selling. >> it's pretty good. it's looked at two ways. there's the price by basically by your annual income. historically 2.6%, right around 2.6 to 3%. so, you know, that's not alarming, but interest rates certainly are the savior here. interest rates are keeping your
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monthly payments, that is, you know, the amount of spend on principal, interest, taxes, insurance, 20% of your monthly income. we're not seeing the inventory come back in. it's not necessarily the monthly payment. it's getting the home in the first place, having enough to put down, being able to get out of the home you're in, pay the costs, get into a new home, or as first-time homebuyer, having the down payment and credit stores that are required. >> diane makes two good points. there's two aspects. one is credibility availability. the eligibility to get a
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mortgage are pretty darn lenient. fha, put 3.5% down, 5% down. 620 fico score, so it's there. certainly available. >> fico scores are much higher. the average is going to be closer to 680 and premiums are far higher, so it's more expensive. >> no doubt, but the argument that credit is tight is a challenging thing. there are opportunities for people if the demand is there to take out they riskier products, but again one of two things. either there's no demand for those products, because the organics demand or it's behavior. lenders are two scare too uptight, and sooner or later one or both of those things will change. whether or not the true american dream is alive and kicking? >> it's been fascinating.
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fannie mae and gallup both came out with surveys, 90% of the people say they expect price toss go up or stay the same. 70% of the people think it's a good time to buy. a cautionary tale of housing, they actually polled delinquent borrowers, said is it a good invest still to buy a house? 70% thought it was still a good investment, which is baffling, because these people are ducking creditors, up all night worrying about bills, yet they still think house seg a good investment. so it's kind of sewn into the fabric of americans. >> have a good weekend, good discussion. still ahead, the same-day delivery wars. our very own courtney reagan put amazon and google services to the test. she's got a verdict, ahead. one of the dr. dre's songs is been there, done that. a video that might be the ultimate proof that the
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apple/beats deal is actually happening.
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. each of us picked a stock
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that stood out to us. my pick was whole food, getting the breakfast lunch and dinner absolutely eaten. the company is making money, yeah it's growing, but there was something that the co-ceo said on the call that spooked people. for a long time whole foods had the field to ourselves. that was nice, but we don't anylonger. a lot of people are jumping on this kale bandwagon. sprouts raised its guidance, and the field is getting crowded. >> mine is electronics arts s apparently the video game business is not dead. >> it is not. google and amazon are in a big old battle to dominate same-day deliveries. our very own courtney reagan sat at home all day and put them to the test. >> i put the shopping express and amazon same-day deliver
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withy to a test run. i had to start early to get my orders in before the cutoff time before amazon and before the delivery slots ran out for google. here here's. >> i need toothpaste, also shampoo. free delivery, because this is part of our six-month trial. it's asking me to pick a delivery window, so i'm going to pick 9:00.m. to 1:00 p.m. and see what happens google shopping express operates more like a same-delay delivery service for several different retailers in new york city right now. amazon also has same-day delivery, but with its own distribution network. so the regular amazon.com right now.
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>> i'm going to place this order. it does say guaranteed delivery if you order in the next 8 minutes, 49 seconds and counting. thank you, your order has been placed. it's 7:06. let's see how long this takes. >> it says it will be delivered by 9:00 p.m. so the amazon order did arrive at 7:21 p.m. about 11 1/2 hours. i'm not sure how it was delivered. the google express delivery with two people in an unlogo'd camry. i don't know about amazon,
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because it took so long. >> is that what you would have expected? >> i think that the google shopping express was smoother than i expected. it was very easy to set up my google wallet account, find the products and have them delivered. amazon, very tough. i couldn't find which products were eligible, or a filter. >> were you logged on? >> exactly. my zip code should have registered i was eligible for same-day delivery, but there was no way to filter it. i almost wonder is it more so they can say -- what's the point of ordering two things, you have to get it in before 8:00 a.m. and you have it by 9:00 p.m. if i need it myself -- >> kind of the point. >> what? >> go get it yourself. >> so why do we need same-day delivery? >> there might be people who are house-bound forsh they might be mass a massive winter storm, might be all kinds of reasons you can't go out. >> with the storm you definitely should put the delivery guy.
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burn as much carbon as possible. >> good question. at this point retailers paying google to have this curlies service and google does the hard part, they pack it, ship it, give it to another employee who drives it over to you. >> very quickly, one question, with regards to the -- if there was for example a reason it could not -- will it be say. >> it's only been running for five days in new york city, so luckily -- but i certainly hop they would do that. >> thank you so much, courtney. up next, polo problems, while ralph lawrence shares are being trimmed. and later on herb greenberg is raising a big old red flag on the grewen-free craze. he'll make his case when "street signs" returns. and talking of red, we're now down across the board with the dow down just ever so slightly. the s&p looks like it's going to finish the week down as well. if i told you that a free ten-second test
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could mean less waiting for things like security backups and file downloads you'd take that test, right? well, what are you waiting for? you could literally be done with the test by now. now you could have done it twice. this is awkward. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. you can never say happy friday enough times. so happy friday, everybody. our daily rundown of stocks and
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analyst expectations. let's look at what's happening with radio shack. they announced to scale back their plans to close as many as 1, 100 stores. >> it's under the market cap requirement, but it's a special situation. they've been unable to reach a deal with their lender. that stock has been hammered. louisiana-pacific getting an upgrade to buy. price target, $20. >> there was a sell-off related to the deal with both companies noted a possibility of a legal baltz with regulators. so you have analysts 2k6ding the stock. rival drug maker activist announced plans for a generic. >> viva said it would move to --
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has 45 days to decide. the stock is down 42%. the wall street target is -- about 40% more than the current price. vitamin shoppe get an -- >> i got the note from the analyst today. meredith if you're listening, thank you very much. a buy from neutral. >> believes fundamentals are close. that's just about 5% higher. >> stock 17% off its 52-week high. now to talking numbers. daily look at from -- ralph lawrence, the stock taking a hit after the company said it would see a rise in global revenues next year, but warned operating margins would drop as it spends more money. talking numbers with john
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coczar, liz dunn. on the technicals, do the technicals make it look like r.l. was a good deal for our viewers' money? >> not here. probably a little move higher here. maybe to 158, and from there, i think we're going to make a little more large move to the down side. i would be much more interested in looking to buy this around 134 a share, or even, if we can get down to 105 a share, that's even a better place. looking at it -- >> that's a long way from where we are. do you see anything that could provide support or do you believe the trend is going that low. >> we're on support now. i just don't think it's going to hold. i would be careful for trying to buy this for a 6 $or 7 $bounce. i would rather wait and see us drop another $10 a share. i would look and see what the news looks like. somewhere down here, i think it's a agree buy, just not here.
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>> on a technical basis, fundamentally, is there anything you sea that bearish, liz, that would support that thesis? >> no. i actually was really encouraged by this call, despite the guidance, which was obviously disappointing. what i heard that was encouraging was this acceleration in growth. they're increasing advertising, they're really focusing on the leather goods business. a lot of reasons that i think growth will accelerate from here. this investment spending should ultimately drive efficiency from beyond this year. >> to both of you, thank you for joining us. you can also check out the on-line edition in partnership with yahoo finance. bitcoins has had its problems, but other -- we're going to discuss it more. apple, beats, and whether or not it would be a good deal and who apple might want to buy
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next. stick around. but first, let's see what's coming up on "closing bell." didn't mean to cut you off. i know you're rocking out to the beats pill. >> you know how it is friday afternoon here, sully. another roller coaster day on wall street. what's an investor to do. we'll look at that, talk with the agreed moment el-erian. we'll talk economy, we'll talk fed policy, and a lot more with him coming up. what does the pawnshop industry say about the health of the economy right now? the star of the hit reality store "pawn stars" rick harrison will join us on the panel today. all that and more, kelly is here, too. she's here. we'll see you at the top of the hour on "closing bell." tdd#: 1-800-345-2550 there are trading opportunities tdd#: 1-800-345-2550 just waiting to be found. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 bring what inspires you tdd#: 1-800-345-2550 out there... in here. tdd#: 1-800-345-2550 out there, tdd#: 1-800-345-2550 there are stocks on the move.
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welcome back, everybody. brian appointed out with what was going on with the rugal 2:00. so to get to correction
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territory, we would have to enter into a 10% move to the down side. the greatest percentage off their 52-week high. no stock is more off its peak over the last in the 52 weeks. the gluten-free craze was the big food movement of last year, but fads fade. herb is now raising a flag on one stock that's associated with. boulder brands bdbd. the first thing i'm going to do is take heat for calling gluten free a fad. >> you may or may not. i think it's a fad. i think it's a fad for all but those who are celiac, as does my daughter, and cannot eat anything remotely related to
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gluten, but that's how this stuff goes. i've been talking about boulder brands for a long time. yesterday the company reported, and it baunt very pretty. here's what's interesting. they bought a company one of the really agreed brandt of glueden-free brand, edi's, but what it so good is they use egg whites. egg whites through the roof. so a quarter ago, bdbd said, you know what? no problem, egg whites are our secret sauce. we'll find out ways to deal with costs. this quarter they say, you know, egg whites, we have a new formulation, there will be less egg whites. here's what i've got to tell you, when companies start messing with recipes, watch out. when mcdonald's messed with the recipes of the buns which after exand low late ceo fred turner
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came back, i found they were starting to take stuff out of the buns to save costs. so when you look at that, that's one issue. so many people are competing in the gluten space, you have this whether fad or trend that will likely fade. you can find the stuff everywhere. talking of competition, hain just bought a gluten-free play, which may suggest your stock here is overvalued. >> hain bought rudy's. this before yesterday bdbd was trading at over two times sales, so you could argue that hain thought what that part of its business might be worth. >> herb, always good to talk to you. bottom line is we're over-healthed. be unhealthy. >> maybe. >> maybe. bitcoin's recent problems may provide an opportunity for
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other currencies to gain ground. let's talk to two creators of alternative digital currencies, which we sometimes know as old coins. let's bring in brian kelly, behind northless coins. and reggie middleton who created ultra-coin. great to have you both with us. you brought along some of these ultra-coins here, right? if i'm not wrong, and you're not trying to replace bit appoint, but maybe compliment or piggyback off bitcoin? >> we're doing, ultra-coin is the root to allow you to program bitcoin. bitcoin value is in a protocol. most people concentrate on the little accounts of value, otherwise what they call coin and they focus on the price, 400, 600, but the value is their ability to program the coins to take the place of the new york stock exchange take the place much mvp banks, which is what we
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have done. we created smart process that end users can create on their own. you design your smart contract, a level of credit. you trade over 10,000 tickers for the exposure of google, you can short jpmorgan, go long the korean yuan. >> you really hate jpmorgan. >> it's not about hate. it's bit. it depends on how the banks look at it. because we're first to market the technology and we've patented it. if the patents are granted, then the banks have come behind us with the new technology. remember the incident in 1990, newspapers used to take a picture of the front page and put it on the website. they called that innovation. fast-forward 20 years later, facebook, twitter, youtube. true contemplation of the technology versus just using it. >> reggie is a mart guy, you are
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a smart guy. why do we need an alternative currency at all? >> trying to say it's going to replace the dollar orien, that's crazy. what it is when you think about it, it's a payment system. the mastercard, it's visa, paypal, but it's free. that's really the innovation here. what reggie is doing, you know, bit did not coin 3.0, it's fantastic stuff, but for the average person right now, what you really need to know is this is a way that i can transfer value to anyone around the world for free. >> i didn't know this, but i was reading your notes, brian, but there's over 200 perm utase out there. is there actually anything that's viable out there as an alternative that you think could contain traction in the international finance community? >> absolutely. there's a couple out there. one of them is liti coin, it's
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like bit did not coin, but easier to mine. >> you have name coin, which allows you to register different domain names outside of icon. so that one has caught on. another one is digibyte, a pretty serious competitor to paypal, i think. they've got a great development team, and then of course there's nautilus coin, which you are all free to use anytime. that's free as well. [ laughter ] >> bitcoin has had its problems. but down more than, what, 1100? >> it's volatile. we have a fin float. on the popular media is going to cause volatility. the dollar, right? the precursor of the dollar was a continental note. that was volatile. it went from par, redeemed by
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the government for less than 1%, and now we have the u.s. dollar. >> a sack of them as he rode through massachusetts, but that was a long time ago. the u.s. dollar is not exactly insecure. >> well, the u.s. dollar technically is significantly more insecure than bitcoin. if you look at it from a technical perspective, you know, the u.s. dollar has been -- you have a digital dollars, they're easily stolen, easily rehypothecated. you can't do that with a block change. >> bitcoin's technical structure is so far untouched. from a secured perspective. >> maybe just teething pains? >> we will see. exactly brand new, four year. very interesting. thank you for joining us. if you want to learn more, you can check out our online documentary, the bitcoin uprising. that is on cnbc.com. why are these men smiling?
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just changed. >> in a big way. >> oh my. >> the first billionaire in hip-hop right from the west coast. >> oh! that individual use from tyrese gibson's facebook page which subsequently has been taken down, he's celebrating with dr. dre. confirming that report that apple will buy beats international. which got us thinking about why and also streaming music? elias roman is ceo of songza, returning from whence he came. were you surprised? >> if i had to sum it up in one
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line, it will be making wearables cool. >> in what way? >> wearables, simply put are the next frontier they'll hear things, be accessible, but fashionable people need to have cool things on our face and head. >> but do you think they're wearables? >> not at all yet, but the technology that will make them wearables, that will be invisible, but what exists now is fashionable. >> see, i don't know if the deal about the headphones or about streaming? they bought -- 525,000 paying subscribers, which by the way, probably values spotify at about $15, honestly, which is good news for you, elias. do you look at your own industry and say, maybe -- because we have pandora, a public company, this undervalue -- or these names are undervalued versus what this deal implies they might be worth? >> let's unpack the deal.
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on the one hand you have the hardware part, but cool isn't enough, they have to be useful. for things to be useful. they have to understand the context and had you to know how to curate. media services especially like songza where you're collecting the context. they have the opportunity to add that last part. to add that last part, that utility. >> have any companies come and approached you? >> i couldn't speak to that. >> you really couldn't speak to that? >> would you be interested at all in selling? >> couldn't speak to that either. >> i'm sure he would. >> interested in selling if it's the right price. i'm going to make you a very rich guy. i know you can't speak to that here. how about to this? too many streamers out there? >> you've got amazon being talked about, google play, spotify, pandora, itunes radio. >> it's a really young space though. there are a lot of players and still really young and still shaking out. still figuring out what we want to be when we grow up. mark my words, about context and
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the dominant themes. >> what can you add? what beyond that? >> you said curation? >> that's actually one of his band words. >> band word? >> it's such an overused word that year. i'm going to go curate your song list, like it just bothers me. this is a personal issue. >> it's a personal issue. >> a heated debate, especially the man versus machine element. people still don't know where they fall. >> back to my question what more you can add beyond that. as brian was saying, so many players in this space. they all do things slightly differently. nonetheless, is there something more? where can you go beyond to differentiate even further? >> i think a recent partnership we announced with the weather channel is a real example. use realtime weather information to better create the context you're in and improve the mood based on that. taking more and more signals will make that more and more useful. that's very different from what other players are doing. >> it's clear sky and it's warm out and it's sunset and we're going to show you that situation and get you outside.
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>> cool life changing things like that that we can continue doing. >> that's very cool. where does the whole industry -- i use the beats portable speaker. don't use the head phones because they don't fit, let's be honest. the portable speaker is spectacular in my consumer opinion. i think there's probably some intellectual property in there that apple sees. no way of knowing that, it's speculation. in five years what will the american home look like with regards to this type of technology? what are you planning for. >> less of how it looks different and more how it functions. much more intuitive, completely interconnected, and it will anticipate what you need and because of routines and sensors, because of weather, what was doing what before you got there. >> if apple indeed does end up making this deal go through, what would it mean for your business? >> i think wearables is a really interesting space for us to play in. we're set up well to do it, so we would love to see that space expand. >> it's not a good thing for you. >> could be a god thing for us.
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>> we'll wait and see. interesting that technology creates itself. >> now they bought lala four years ago. spent 17 hours uploading my music and then promptly shut it down. >> thanks so much. we're going to be watching. >> if the deal does go through it steps up the new east coast/west coast battle pitting l.a.'s dr. dre with brooklyn's jay-z in a race to become hip hop's first billionaire. robert frank joins us now from the nyse. talking a lot of money here, aren't we? >> a lot of money but also the great american dream, right, to go from the streets of compton or bed-stuy, hitting it big. show you how hip hop's wealthiest guys made their millions. number four is curtis "fifty cent" jackson. total deal price, thirsty for other deals, created a
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competitor to beats calls sms audio and his networth is estimated around $140 million. coming in at number three is jay-z. of course, he's got 99 problems and money is not one of them, especially when you're worth half a billion. this artist made his for town from deals ranging from clothing to basketball and the co-founder of roca wear without by the iconics brand and also the co-owner of the brooklyn nets sports agency, rock nation sports, record label rock nation. "forbes" put his networth at $550 and next is sean coombs, at least today he's still going by puff daddy and also been calling himself as a vodka brand and part owner of the revolt tv and a clothing business. "forbes" says he's worth to
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around $700 million which brings us back to the king right now, dr. dre. if this deal goes through he could become the first hip hop billionaire with a "b," ever. not quite there. around $800 million and could soon get to the top of the hip-hop industrial complex. guys, back to you. >> hip-hop industrial complex. >> start there and expand into all these other businesses. these guys are true conglomerate entrepreneurs. it's amazing. >> i like to see it. probably a hometown boy. no one is going to believe it, but i bet you dr. dre and i were born in the same hospital. born in gardenia, california, hard to believe. >> how old is he? >> 49. >> i know -- >> look where you are and look where he is. >> he can buy me about a billion times over and i enjoy his music. let's send it over to dom for a quick market flash. >> all of that money could buy you tons of skrouls as well. investment advisory firm tig
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adviser has disclosed a 9.5% stake in sales, believes s.e.a.l.'s undervalued and represents an attractive investment opportunity and they believe the proposed merger provides inadequate compensation to shareholders due to a flawed evaluation process. back over to you guys. >> thanks very much. dom, thanks very much. on deck we grill aussies on why they pretend to be happy all the time. >> not pretending. genuine happiness. you, my friend are a master of diversification.
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who would have thought three cheese lasagna would go with chocolate cake and ceviche? the same guy who thought that small caps and bond funds would go with a merging markets. it's a masterpiece. thanks. clearly you are type e. you made it phil. welcome home.
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now what's our strategy with the fondue? diversifying your portfolio? e*trade gives you the tools and resources to get it right. are you type e*? thmortgage didn't start here. it began on her vacation in europe. someone stole her identity and opened some credit cards in her name. checking her experian credit report and score allowed her to better address the issue...and move right in. experian.
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australians are the happiest people on the earth for the fourth straight year. not just making this up, folks. this is real hard core statistics from the oecd, and they have a lot of inmates. united states finished seventh overall. low crime rate, yadda, yadda, yadda, what's the real reason we're happy in australia? always barbecuing out the back. and with ever more things to throw on the barbie such as this little beauty. are you wondering what that is? can you even tell what that is? it is a crocodile that has a full roasted chicken in its mouth and it's wrapped in bacon.
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>> delicious. we have 20 seconds and one of our "street signs" members is leaving us, and she's going to take a tour of europe, and jennifer has been a great part of our team. we'll miss her greatly. she is going to go have fun and tour the world. jennifer, i'm going to miss you. >> we love you, jenny, and thanks for all your hard work. and welcome, everybody, to "closing bell" on a friday. i'm kelly evans down here at the new york stock exchange, and, bill is here today as well. >> i'm back in the saddle, as it were, yes. today's show, the dow on track to close at an a new all-time high if we can move up a little higher. as you can see, we're about 20 points, 21 points away from an all-time closing high. we were there earlier, another one of those days, flirting with all-time highs and then a fade into the afternoon so we'll see what we

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