a lot of positive data so far today and recently. hopes are running high for this jobs report. >> absolutely. >> carl, back over to you. >> thanks, guys. enjoy the beautiful weather. it is 8:00 a.m., where developers are getting their first hands on ios 8. squawk alley is live here at 11:00 a.m. ♪ ♪ welcome back to squawk alley. dow's down 41 points. big week in tech continues. the worldwide developers conference in san francisco, day two.

kayla and john watching apple finally get a little bit of traction after falling on day one. and the initial takeaway from what day one was all about depends on your point of view. here's usa today, ed beig saying the shiny new software excites many. not the universal view, right? >> not the universal view, but this is the most important keynote that apple has ever cone done. that was that potentially ground breaking in terms what have apple is trying to do. turning icloud into a full of had fledged cloud service. invisible, behind the scenes, to competing with google drive, drop box, that co hoohortcohort. trying to make them work together seamlessly. but my concern, come the fall, iphone, ios 8 launches, and all of these services coming on the line, there's demand on apple's

data centers, the likes of which we have never seen. the amount of stuff people are trying to download andup load. they have had trouble with services before. how to make this work? >> you have to imagine they'll be anticipating that demand to see what it comes online. >> very smart people, brilliant people. but they anticipated it before, and had issues with some of these services. so this is where the handoff from craig, who did an amazing job on stage yesterday, kind of steve jobs-esque, the handoff to eddie q and the services organization happens. i hope the services organization is ready. that they have their game faces and their play book ready for this crush of data demand they are going to see in the fall. >> i was interested to see how apple was positioning for and against certain companies operating on the system. for instance, ebay, a new update, you can up your bid on

an ebay item without ever leaving the main page of your iphone. you don't have to open the ebay app, you can do it seamlessly on top of that existing interface. we're going to talk about more about the competing threats from whats s wha whatsapp and glimpse. it's interesting to how it sees itself evolving. >> yes, the anointed ones. the a.pple halo. how to play the news out of the conference, it tends to be down for the duration of the conference, but up a month or a week later. apple shares trading up more than 1% this morning. time to own the stock ahead of the split? and joining us, dan niles, founding partner with capital one partners. great to talk to you. good morning. >> good to be on. >> no surprises, no hardware

announces at this. did anything strike you as entering? >> caller: from a use you are point of view, i have a mac, several ipads, iphones, et cetera. there were a lot of interesting things i think from my end. you can use your mac now as a phone. so that i thought was interesting, accept the call, use the speakerphone on that. i thought the icloud drive, where you can synchronize all documents across maces, that was great. so a lot of very cool features as a user. from an investor point of view, nothing great there. and to some extent, it was a little bit of a disappointment. because the one thing as an investor people were hoping we might get a taste certiof is something on the services side. we didn't get anything to take advantage of the 800 million credit cards they have associated with itunes to give you any kind of services.

and that was the disappointment from an investor point of view. >> dan, three big unanswered questions for me that i would have if i were an investor. wonder what you think of those. will apple lead the health and home categories with health kit and home kit the way it did with the itunes, the ipod, with a piece of hardware to grow revenue. two, can apple increase the mac attach rates to ios devices by doing this technology, as you menti mentioned, using your mac as a phone. there's potential upside. and three, can apple increase the cloud share of wallet, beats music, icloud and potential payment service. we don't have answers, but intriguing possibilities raised bit announcements yesterday, yes? >> caller: yes. you touched on the strength of apple, the ecosystem. in the first question, in terms of leads on health, they have a

good chance to do that. and one of the things, and you touched on this, they're really trying to tie together the operating systems and starting to converge. so the operating system on the mac is starting to look a lot more like the tablet or the phone. so with regards to health, you know, if you can use your mac as sort of a hub and take all the information you have from let's say they introduce a watch later, which i think everybody's expecting, and tie it to that and whatever information you get off of your phone, et cetera. i think they have a chance to melt that all together and lead in the health department going forward. i think number two, with regards to the question on the mac attach rate, yeah, i do think that'll go up. because, i mean, even if you think about the mac today, it's a central hub for the music, movies, books, everything else that you have. you throw on top of it health. you also throw on top of it the ability to manage your home from

your hand held device. all that software's likely to sit on the mac. that's going to help drive that mac attach rate. and finally in terms of the cloud share of wallets, i think everybody's expecting a fingerprint sensor on the next phone to come. everybody's expecting nfc which is the ability to communicate with your phone over short distances to other devices. and i think when you go ahead and you marry that with a payment service. and then we saw what beats music, which i don't think was a great acquisition, but it's going in the right direction. they're focusing on services and leveraging those 800 million itunes accounts. you are going to see their share of wallet go up. this is the most important product cycle in the last several years in apple's history, especially giving us bigger screen phones, which i'm waiting for. i think this should be a good 2015 for apple once those products are launched later this

year. >> and dan, this morning we saw usa question ha that increase to 725, saying iphone 6 will be a catalyst. even though you're speaking highly of what apple rolled out so far at wwdc, do you expect this plus the iphone 6 to be a one-two punch, or pretty much everything with the iphone 6 and on the hardware side has been telegraph telegraphed. >> caller: well, here's the thing. i didn't upgrade last year, i wanted a bigger screen phone. i would have switched to android without so much tied up in the ecosystem. that's what you see with apple. don't forget, in 2011 there were growing the revenues year over year. and before that, 6% in the calendar year. so they haven't introduced products that people are really excited about in a couple of years, and let others like samsung, introducing bigger screen phones, et cetera, and

different form factors, really take the leadership from apple. so this is finally the period of time in my mind where they're going to introduce some products that people can get excited about, and hopefully that will start to accelerate the revenue growth. but you're not going to see any of the benefits of that until you get into, you know, late in the september quarter and then specifically into december for the holiday season. so between now and then, really not a lot of exciting new products, you know, some interesting software upgrades. >> but with all that in mind, dan, let you go, is 635 a decent entry point or not? >> as we talked about earlier, the stock lags during the week of ww -- the worldwide developers conference. so, you know, i would just right now be patient on it. but i think the stock a few dollars lower, it starts to make sense. i look at the time perspective. a lot of hype going into the event. you saw it fell off yesterday. give it a few days to settle out, and then i think it makes

an interesting entry point. >> dan, you know your way around the apple block. no doubt about that. thanks for coming to the phone. >> my pleasure. >> dan niles from al from one. and a $500 million startup backed by jared leto. and on the morning after, who's the biggest loser. which company is hurting the most after the apple announcements yesterday. and one famous fashion designer trying her hand at google glass. you're watching "squawk alley."

this next startup raised funding from notable names. horowitz led for the cloud based firm, raising $66.5 million. and jared leto nb, in a statement, he said as an entrepreneur, trying to find solutions to problems, they have done that if a big way. the ceo joins us this morning from san francisco. good morning. >> good morning. >> congratulations on the funding. sounds like a -- a big play on business creation and businesses that are going from small to medium sized. where do we sort of stand in that dynamic? >> well, you know, the thing out there today with hr software is for any company with less than

around a thousand employees, one of the issues they have is they have completely disconnected systems related to employees. you have something for payroll, insurance, other benefits, vacation tracking. and all the systems are completely disconnected. we tie them all together and give employees and their managers a single place to sort of do all this stuff. and that allows companies to spend their time focused on people and not on paperwork. we saved them all this administrative headache. >> here's my concern. you guys have an interesting model in the companies themselves not paying the benefits providers pay you. you're anning a gator. down the line, you want revenue from, perhaps, more sources, because as soon as those benefits providers don't need you to reach the customer, it seems like your revenue's in danger, isn't it? >> you know, i think that we can actually -- we get a very decent amount of money from benefits

providers today. that's a market that's been around, you know, with insurance brokers for many years, a hundred years. and so i don't think it's going away any time soon. but either way, we've got i think an interesting platform, bring together folks like insurance companies and 401k venders and stuff like that, with the clients that ultimately need those services. so i think we bring value to the table and be able to be compensated for that well into the future. >> there seems to be a finite pool of benefits providers. i wonder how you source new businesses to work with. they're popping up, not just in silicon valley and new york city, jeff weiner was touting boulder and miami, a lot of businesses being created. i wonder how big of a sales force do you have, and find the people to use were software? >> that's exactly why we raised this round. there are something like 6 million businesses with between 2 and 500 employees out there in

the u.s. there's just a lot of folks we need to go out and speak with and talk to about zenefits. that's real what this fundraising is about. >> speaking of which, parker, for the startups and the people who run them, how do you get the attention of someone like him? >> i think the most important thing -- i tell entrepreneurs, spend less time thinking about how to impress vcs, and more time making the business so formidable they can't ignore you. if you can build a great business, they'll find you. >> is that what happened in your case, they literally called you? >> no, they didn't call me, but initially when we reached out to them, they saw the metrics, this is incredible and moved very quickly at that point. >> parker, one of the things we have seen over the past few weeks and months is the box s-1, and the amount they spend on sales and marketing compared to revenue. you're talking about using this

funding to build up your sales force. how do you think about how much to spend on that versus how much to watch -- how much your revenue's growing in order to have your business healthy? >> so we see a lot of green field opportunity in this market. there's nothing out there for companies less than a thousand employees to sort of solve this administrative headache that no one likes to deal with around all the paperwork and the administrative costs of the different employee systems. so i think as long as the unit economics work, and ultimately you can be profitable on a customer, i think we want to go out there and just grab a lot of market share and evangelize the product and get in front of a lot of potential clients. >> interesting. comes on a day where the "times" takes aim at sales force and said they haven't made a profit in ten years. is that a cautionary tale down the road, add to the bottom line sooner rather than later? >> long-term, this is, of

course, going to be a profitable business eventually. right now, so early in the life cycle, anything we bring in, we see so much opportunity, we want to reinvest, talking to customers, build out our ability to support them and have a great experience. we're very much in growth mode. at some point -- the business model works. and hopefully we will be very profitable. >> you have some cushion for a little while. that's a lot of money. parker, congratulations again. >> thank you so much. >> parker conrad, the ceo of zenefits. and okay glass, give me a makeover. the new look for google glass, designed by a fashion icon. how one kid from indiana took home a $1600 scholarship from apple just by making his own app.

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♪ a lot more style today. according to them, google will launch new glass in collaboration with a fashion designer. google glass currently is $1500, but the new brand will cost you 1600. they are going to unveil tomorrow, go on sale june 23 rd. >> i'm waiting in line for this tomorrow. it was born out of the sun valley conference. they have built up this relationship. diane wore the glasses after her fashion show in september, 2012. so in my opinion, it was just a matter of time before there was

a partnership. but i don't know, we'll see. john, i know you're not sold on google glass. you think they're dorky. >> they're coming along. but it's the same piece of hardware stuck to different glasses. >> yeah. >> they have just sticking it on different stuff and changing the color. >> and they have the partnership as well. and interesting to see if it's the same thing, different frame, same technology. >> for the rumors about the partnership, taking them town the price spectrum, this is not headed in that direction. >> a hundred dollars on top of an already-expensive piece of technology, it's not going to make or break the decision. >> i saw a bunch of people in line at wwdc with them on. >> that's the target. >> absolutely. >> wait until you see google io. that's the mother load of glass. >> and hobbs, who i assume will wear google glass one day is going to wrap it all up.

>> and take a look at europe at the moment. marginal red around the place. uk prices are up, but the big news, the euro zone inflation for may dropped to 0.5%. ecb acting on interest rates, only small moves, to take the deposit into negative on thursday. and yesterday, the german print on inflation at 0.6%. the problem, as you can see, the former ecb economist puts it in the magazine today. certainlily the interest rates are all tapped out. it's been exhausted as he says. look at the german yield. a full 114 basises points bhoe the treasuries of the moment. so presumably, liquidity measures on thursday as well. it's very doubtful there will be full qe as you discussed on the

program. i wanted to mention this, the french foreign minister, upping the ante to fine b and p $10 billion for allowing transactions with syria and the like. he suggested it's unacceptable and impact free trade talks between the use and europe. and spain is reeling from the news yesterday that the king of spain, carlos, is abdicating. republicans were on the streets last night. today, the cabinet trying to get together a legal mechanism where by he can abdicate and pass power on. it was the queen of belgium, the family of orange started this not so long ago. the big question is whether in the uk you will see the abdication. people don't want the queen to go, but they'd love to skip some of them to get on to william.

>> belgium was before the pope? >> belgium -- >> the pope abdicated. is that royals? i thought that was god on earth. yeah, you're right. i need to get my dates in order. >> nice point about the uk, hadn't thought about that. >> camilla as queen? >> yes. over to dominique, and get it on skyworks. >> love the royals, but they are the big story. the chips are raising their third quarter earnings and revenue forecast due to rising demand for the products. currently off session highs, up 4.5%. hitting levels it hasn't seen since december of 2000. an apple displayer, one of the stocks to watch today. back to you. >> thanks. and.c coming back, real estate silicon valley are getting very high. up a staggering 115% in just four years. plus one of the lucky 200.

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mark urban of the main to five, and all things apple. mark we saw a new operating system, along with the new online file storage system.

pretty similar to drop box, my cloud drive. >> and the health kit, the iphone app that monitors your health, home kit. we talked about whether or not it was a disappointment from the investors substantiate point. from the users standpoint? >> definitely not. major upgrades to both platforms ios and os 10. great design on os 10, new functionality and enhancements on the iphone and ipad touch side. and now developers have access to functionality. users will be getting great new apps. >> you have to feel good, mark, about your track record and predictions. lots of stuff you predicted came through. any surprises on things that didn't come through? split screen on the ipad was on the bubble. what are you looking for through the rest of the year that we

didn't see yesterday? >> i'm surprised that no hardware wasn't announced. apple hasn't announced hardware since october, 2013. in terms of the softer features, apple is having trouble pushing out some of the functionality, such as the split screen mode and improvements to maps is such as buss and subways and accessing airports. after the fail in 2012, they don't want to take risks. they are taking their time with the new map enhancements. expecting a software update, ios 8.1 at the end of the year or in the first half 2015. that will bring the features. >> hey, there's a behind the scenes tweet that didn't get much play at the actual conference. and that is apple's treatment of virtual currencies. no things in the guidelines, p apps may have approved virtual

currentlies with the state and federal laws. do you think that's a game change center they are now allowing apps that will accept and/or transmit virtual current currentlies? >> i'm not sure. this will allow by titcoin and other s to have applications on the app store. as they grow, if they continue to grow, it's a big deal on apple's platform. >> in terms of the refreshes that we saw yesterday, how does it give you any clarity as to what the fall might look like when it comes to hardware. more or less convinced about a new product yesterday? >> absolutely. ios, as i predicted has a new functionality allowing them to make apps to squal to bigger ipad revolutions. it allows them to build

applications to stretch to bigger screen sizes. so essentially developers can build the apps for larger ipad screens, larger iphone screens and smaller devices. i won't be surprised if it opens up the door for the iwatch, bigger ipad and larger iphone models over the next six or eight months. >> one of my concerns is the number of cloud-based services, data-center-centric services that apple seems poised to laun launch in the fall. it's an unprecedented crush in demand on their backbone data wise. what do you think about apple's preparation to handle that. not only people downloading ios 8, but more photos, more video into icloud? >> sure. so over the past few years, we have seen apple upgrading their operating systems and their cloud services. just tacking on functionality in feature after feature. they're taking a step back and

answering all the questions and complaints from users and developers alike. i believe they have been preparing to make this launch for the icloud feature, the new feature for developers allowing them to create the applications using the icloud back end. they have the great platform, but can't take advantage because it's impossible to create an app with icloud. now those problems are solved. ic i think apple is preparing and will have a nice launch later in the year. and taking their time, some of the features, maps, which is a cloud-based solution which did give them problems, they're taking their time and only going to launch it when they're sure that it's going to be able to please the customer and everyone alike. so i think they're ready for this. >> finally, mark, craig is getting all the play today. he's on the cover of "usa "today" watch him, could be the

next steve jobs. did that surprise you? >> i think a lot of people are blowing his performance out of proportion yesterday. sure, he did a fantastic job, the crowd loved him, presented extremely well. huge improvements on a few years ago. but wwdc is a developers conference. his event, he's in charge of ios and os 10, he's a great presenter and these are his products. apple has so many other products. hardware, other pieces of software. and over the course of the year, have other executives take the stage as well. and the next ceo, i saw people talking about that. it's a little too early to tell. i think tim cook has a long time at apple ahead of him. >> i think a lot of people agree with you on that. thanks for the great couple of days. talk to you soon. >> thank you. it's not just homes that are expensive in silicon valley,

commercial release costs more than ever because of the tech boom. josh has more on that for us. >> reporter: we talk about the red hot residential real estate market here in silicon valley, but commercial release prices also are soor soaring. ? just the last four years, palo alto is up 75%. asking rents average $83 a square foot. nearly triple the national average according to jones language lasalle, a real estate services company. mountain vue california is up 115%. so what's driving the commercial real estate market here? brokers say tech companies are swallowing up inventory and sending prices through the roof. >> over the last three years, silicon valley has been one of the most active and dynamic

commercial real estate markets in the entire world. never before have the underpinnings of a silicon valley commercial real estate market recovery been fueled by so many credit-worthy, well-capitalized and mature companies. >> which tech company dominate the commercial real estate scene? silicon valley? cisco is the leader with an estimated 10 million square feet. google comes in second with 9 million square feet. the search giant has been busy gobbling up space. acquiring nearly 3 million square feet in just the past two and a half years. apple in third with nearly 6 million square feet. of course, apple is building the new campus, the center piece will be a circular office building that's 3 million square feet serving 12,000 employees. companies that can't afford sky-high rents, they need to move to less expensive areas of silicon valley. free month, or squeeze more into

smaller places. but don't look to san francisco for a bargain. in the last four years, office rents have soared 70% to $60 per square foot. now the commercial real estate brokers expect the markets to stay strong so long as business keeps booming for tech. back to you. >> great stuff, josh. big economic story. some of the protesters are protesting evictions because people can't keep up with the rent, and sort of decrying the explosion of the real estate market out there. >> but what's so fascinating, of course, in new york or san francisco, you have the finite city, commercial rents going up, silicon valley is sparse, there's a lot of space there. so 83 bucks per square foot when you have rolling hills and tons of space. >> not on the peninsula, not a lot of buildable office space. a company without a product yet. facebook's latest talent acquisition.

but first, rick, what are you watching today? >> you know, there's two things we have been paying attention to. we have better data and interest rates ticked up. that's normal. but look at the medicine potentially that may be administered on thursday morning by the ecb and discuss if it really matters. maybe it's the temperature of the people of european than the medicine of the ecb for europe. all after the break. we are t. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yo

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♪ coming up at the top of the hour, are signs from today signaling bad luck ahead for casino stocks. which will go bust, and which they are rolling the dice on. and hunting for value with john rogers. three names he thinks are big deals right now. and maybe stop complaining about your property taxes after you hear from some folks are forking over. all straight ahead on the halftime show. see you in a bit. >> thanks. and acquiring pryte. selling apps in underdeveloped parts of the world. they have yet to publicly launched, but facebook is more interested in the talent than the company itself. terms of the deal were not disclosed. not the first hire we have seen

in the past couple of weeks. >> popular trend, slowing downgoing after bigger companies, but it's not. >> emerging market, facebook is very interested. and check in with rick santelli today. good morning. >> good morning, carl. 10-year yields, 256. and we have done many santelli exchanges on replacements, fbi that chee, and talked about the significant february 3rd low-closing yield that stood there for quite a period of time. that was 2.57. soefrl weeks ago, broke through. and, of course, the 10 to 15 basis point rally in price drop in yields had a lot of eye walls and heads scratching trying to explain it. no matter what your reasons are for the rate to be down there, no surprise for your technicians that in front of tomorrow's

first of two employment reports, tomorrow is adp, and friday the bls, snugged up, taking the slack out right up spot resistance level. another key issue in between wednesday and friday, thursday in the ec be, meeting, great articles out. today, show it on the screen. britain has made a fool out of the eu. they must make a choice. play by the rules, or leave the european union. but that isn't the only article out. one of my favorites, ambrose eva evans pritchard, and europe has a bigger crisis than a british exit regarding mrs. lapen, had a good showing in the parliamentary elections. they wrote, she would instruct the french to get the great symbol of emancipation from the english occupation.

where am i going? most of the discussion is the talk about the southern rates and the euro, but a bigger issue that's overlooked are the social issues involved. in other words, the ecb is trying to manage structural changes and reforms. they haven't done a very good job. but i think that alarm clock is much longer than the alarm that's ringing by the people. i think the social anxiety that's demonstrated in those two articles is going to be the bigger point, and i think the market's starting to grapple with that. it's another reason why interest rates in this country may be lower, because the ultimate fate of the euro, in my opinion, is really called into question. >> we're going to learn a lot more later on this week. thanks, rick. when we come back, the developers take away from the ddcb from a younger perspective in just a moment.

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we have a squawk break update for you. home remodeling app houzz raised $150 million. that's a post-money valuation of $253 billion. here's the ceo in january on the company's potential. >> we have the largest database for home design and remodeling around the world. and think of a great service that connects everybody in the industry and makes the whole

process a modern process. not like the primitive one it used to be. >> it's like me, i try to think of other praearallels, but roll up the contractors, they're doing the drivers services. >> female ceo and co-founder, i'm excited about that. raising that amount. pinterest like. but the amount of dollars, with home remodel, come on. there's a huge, multi-billion dollar industry behind that. >> you have angie's list, handy books, other places where they aggregate services, interesting how they leverage this marketing platform. they have beautiful images, really great recommendations from people. interesting to see how it shakes out. >> just the customer list and the knowledge of what people are looking to do. let alone the contractor end, the data is amazing.

>> that's true. he's not old enough to vote, but brandon is a licensed apple developer, ceo of his own app studio, and one of the student scholars. is he impressed with apple's announcement yesterday. the ceo of most beastly studios, developer of the bullying box, an anti-bullying app for kids in middle school. this is a big deal. you're one of only 200 student developers. so i have to ask you, what is it like being at the conference? >> it's incredible. i keep using the phrase. it's like putting a kid in a candy store. i'm there with apple geeks and developers. and it's cool. i'm with a bunch of people, just like myself, especially amongst the students. and the entire conference has been great so far. >> how did you learn how to code? >> well, actually, i taught myself primarily. i got started -- one of my good

friends, eric, he thought i would be interested in it. started on youtube, watching the youtube tutorials, and piece it together myself where i feel like i'm fluent. even though we're making a switch. >> brandon, i love the fact you have an anti-bullying app. i was juniored in junior high, inner city d.c., that's no fun. there's a great constituency into that. i also like the curfew app that you have. tell us how you came up with that idea. >> the curfew buddy? >> yeah. >> there's a competition called the house app challenge, put on by the house of representatives. and basically they were asking for students to create an iphone or android app that has a purpose. it solves a task. so it actually came up that i was trying to think of an idea for the app, and i got grounded because i went to the movie theater and i forgot to text my parents when i got there, they

didn't know until i got back. you're supposed to let us know. what if there's an app, put the pin down, the app will text your parents when you get there, when you leave, and when you get home. i set about doing that, and i like it so far. >> eureka moments come at any time. it's cool to see. you have a gallery of five apps. what does the pipeline look like? keep coding and building, and how about the new language that apple rolled out to make coding easier for people? >> absolutely i'm going to continue hopefully for the rest of my life. swift -- it's -- it's interesting. i've only looked at it very briefly. i finally am getting to the point where i feel confident with objective c. i come here, and he said we thought about switch. and i'm saying please say you're kidding. and he said we have to do more than think about it. i almost wanted to cry for a second. he was talking about the benefits of swift and what it

can do for us developers. i'm excited for it to take hold, but it is a whole new language for us to learn. and i'm starting back at square one. >> are your apps free, or do you have to pay to download them? >> yeah, all my apps are free, and i hope to continue that way. what i try to do is make it free for the users. for example, for the bully box, the school districts pay a subscription for their school to be included in the bully box to receive the bullying reports. >> and is a curuation a problem on apple? hard to get discovered. >> well, it really depends on i know motivation. a lot of developers put the app on there and leave it. and with the bully box i'm fortunate enough -- i shouldn't say fortunate -- but it's a hot topic. it's easy to get the bully box out there to try to change as many lives as possible. with the curfew buddy, it's hard to get noticed. and a lot of politicaling.

you have to be in san francisco, which sadly enough i'm in indiana. but you have to be in san francisco, live there, make sure everybody knows about your app. it's a lot of pr, it's a lot of work. but like i said, with the bully box, because bullying is a hot topic issue, it's easy for me to change as many lives as i can. >> brandon, peter doesn't want you to go to college or have lots of options. what are you going to do? go to college, be an entrepreneur? what? >> that's tough. college, it depends on if i get a nice scholarship, then absolutely. >> i think you will. >> thank you, thank you. >> see you in a few years when you're going public here on the floor, brandon. please stay in touch. >> absolutely, thank you. >> brandon joining us this morning, one of the student developers at the wwd krrkc. when we come back, reading the tea leaves for facebook, drop

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apps, that's a big win for companies like pinterest. not everyone was excited. we have more from los angeles. >> that's. pinterest got free advertising on stage, and it along with other social apps should benefit from more activity from ios 8 users thanks to a new feature that allows users to share to more apps to pinterest without leaving the web browser. but not everyone is happy. apple is overhauling the imessage service, adding the ability to have photos self-destruct. a direct attack on snapchat. and video chat, very similar to what thesapp. the ceo treating a sarcastic protest yesterday, quote, very flattering to see apple borrow the features into imessage, ios 8,.

and it puts it in competition with facebook, that bought it for $16 billion, largest purchase yet. and location, location-based social apps like glimpse and highlight redundant. they may like the ability to share the files and photos, that could eat into the drop box and the carousel photo sharing aep, and ever notes app. and for another company, box, the ipo, apple is a frenemy. it's in ios 8, but icloud is competing. >> i don't know. we talk about drop box being an acquisition target for other companies. what now? >> they don't have to worry. the track record of big companies doing really well is not that great. it's good in general for casual users, but people who want

really deep and specific features pfeature s pick up the apps. a good acquisition. >> and with other services, a different kind of competition. box wants the publicity and the access. >> it's going to take months for it to be felt based on what apple said this month. dow is down 39 point. get to the halftime. >> thanks so much. thank you, carl. welcome to the halftime show. here's our game plan today. top taxes, you think yours are high, wait until you hear from big hitters are shelling out. >> some stocks are feeling serious pain, stay away or jump in? >> value plays, the best deals right now. the names you need to know are coming up. joe, pete and murph are on the desk, dr. j. dominick on the set. and we begin at the gaming tables.