♪ and we have a special guest this morning joining us. mitch lowe, ceo could you phoneder of necessary flix and former ceo and president of netbox. nice to have you here. >> thank you. >> so much to discuss, as always with kayla tausche. and if you want to preview it on amazon, out of luck. refusing preorders of that movie are and other warner brothers films after a dispute with the studio. instead sign up to be notified when copies of the movie go on sale. speaking of amazon, the stock in the green this morning. this after being added to the conviction buy list over at goldman sachs. we know it's been a tough year so far for amazon, but seeing a pop of almost 2% today. >> well, interesting to see how this plays out. we know that amazon is dominant in books. about 40% share. dvds, not quite as much, and

plus, dvds are giving way to streaming here. is amazon over playing its hand? they might be. >> not to mention time warner obviously a huge company. not trying to say the battle is like a david and goliath and this is a goliath and goliath but we know the book business is declining. a lot is going online. this is a different battle altogether, a new front for amazon. goldman note didn't mention it at all. basically saying, look, buy the stock. we think it has a higher ori from a cash perspective than any other internet name and didn't touch this. >> goldman likes it because of a better return on investment than other names in the sector? >> in the internet space. >> okay. >> margins are razor thin, investing a lot in ideas, but when you look at amazon from a cash perspective, cash invested versus cash return, the most of it against its peers. >> mitch, is amazon doing the right thing? for customers? or is this a step too far? >> oh, they're doing the right

thing. this is a biannual skirmish that goes on all the timeby end and retailers. saying, we have the clout in a very small area to show you that we can drive additional sales. >> what i'm wondering, mitch. are we just hearing about it now because the content providers are feeling their oats more than usual and they're pushing back? whereas in the past they would have just let amazon have its way? or is amazon getting more aggressive this time? >> you know, i think this is something that happens every couple years. this you know, back in 2000, block bust her the same battle with american beauty. blockbuster put them under the shelf. red box had to buy all our product from three studios at walmart and target. this is just a way to show who has more clout in a, probably a few points of their negotiating. >> you say this won't cause amazon any bodily harm.

there have been commenters who have said i need add reason to go a brick and mortar store. perhaps this is it. will they actually see any sales leakage at all, whether on the book front or the video front? >> no. i think people have really gotten excited about buying online. they have extreme value, and they're collecting all of those names. so whether you pre-order it, weeks in advance -- now, if this went all the way to street date or to the date it was available, yeah. it's a totally different story. but this is all about finalizing negotiation before that date. >> you mentioned blockbuster, and the skirmish over american beauty. >> this was pre- -- that bawas pre-red box, back to 2000. >> amazing to think -- anyway. go ahead. how much technology changes. carry on. >> crazy. but in the red box days, we had disputes with three studios.

warner, fox and universal. they refused to sell us product on the same terms they were el issing to blockbuster and netflix. so we said, okay. we're going to show you that we don't need you. we're going to go to walmart and sweep the shelves of every movie you have on those shelves. so that depriving it from consumers and they had to get it from us. >> walmart with its tiny customer base. >> right. >> one of the things this probably show, though, over the past several years a fear among contact creators apple had too much power and they had a lot of trouble getting video deals. seems now with amazon out there, there's no as much fear of apple. this could open up doors for apple, for goggles and others who want to gain ground in this space? >> absolutely. the dream for content provide lots of apples and amazons and netflix to compete with each other to get their content. >> who ultimately blinks in this situation?

they wouldn't be willing to get to the david to get release, who has to give in. >> in the end, they both will compromise a little to come to the middle ground, where they should be today, but they just want to eeek -- while these three titles are only like 300 million in box office, this will represent billions of dollars worth of sales over the years. >> this is why i wonder, from amazon's point of view, if they can uniquely benefit from having titles on pre-order as opposed to the options pit hitting stores going anywhere. shouldn't they try to, or have to, come to a reez lucien to make sure they capture that pre-order business? >> yes, but the pre-order business is a small portion of the business. it's really for the -- it's about 10% to 15% of the people who absolutely have to get it. who even care about it. >> you can do this, do this with warn. but don't try it with disney, when "frozen's" coming out. that's all i have to say about that. >> pick your battles. >> moving on from amazon, speaking of which, check out the

documentary "amazon rising" premieres here on cnbc june 29th, 9:00 p.m. eastern. can't wait to see what's in store there. tweet time. an somme's motto, work hard, have fun, make history. we're asking you to tell us what should amazon's new motto be? tweet us @squawkalley. we'll show you later in the show. and the company you co-founded and verizon, verizon sending a cease and desist letter after loading screens on netflix blamed verizon for slow speeds. netflix took the messages down after verizon threatened legal action but continued to say, even recently, the speeds you use on verizon are much slower than the industry standard that they should be? >> yes. this is really interesting, because more and more you have competitors and suppliers being the same people, or vendors being the same people. so you've got to watch netflix

if you're a verizon customer or a customer that gets through verizon, yet verizon is a competit competitor. provides movies through cable and fios, and fascinating. >> verizon asked for two pieces of information in the squirmish. one, make sure they had the facts laid out that verizon's network was actually clogged and merited that message, and, two, they wanted to get verification that the customers to whom netflix was showing that message were actually verizon customers, and not just customers across the board. so they put out a blog post yesterday showing that verizon in the u.s., dsl and fios, were towards the bottom of streaming speeds and dsl specifically at the very bottom. ten out of ten and actually was the slowest, but now they have to actually show that it was the customers that were affected by that, that they were showing this message to.

do you have confidence they didn't just release that message across the board? >> a hard one to say. i think that there is, i am sure customers were notified. netflix customers were notified, that this was going to be, you know, kind of a slower connection speed. but, you know, verizon's request for those names is all about a legal game to make it more painful to do. you know, again, this is -- here's someone who's competing against netflix in a number of different arenas, but yet providing the service that makes netflix a stronger competitor. >> well, and how many people, john, period, are driven to upgrade their services to get at programs like netflix? >> not just like netflix. netflix specifically. that's the bottom line for me. netflix is the only company that's powerful enough brand wise and representation wise to take on the verizons and comc t comcast. we have to mention we are owned by comcast, we have a dog in the

fight, so to speak. you don't hear apple, microsoft, google openly bad-mouthing the distributors like netflix can because it's the one thing you absolutely have to have if offering broadband. the leverage they have, maybe stronger than amazon and the book -- >> yeah. netflix above every company really, really cares about the customer experience. they measure every little aspect of it. so i think part of this is, they are truly advocate s for a grea experience. that's been part of their dna from the very beginning. >> does this feed into the argument over net neutrality? in other words, if this was so important to netflix and ultimately to their customers should there be a way to pay for a fast lane or do you worry we're talking about making the internet less fair for everybody? >> ultimately, the customers pay a little more, but at the same time, there cannot be layers of

distinguishing with different kind of levels of service. there needs to be, you know, an agreement on this. >> yes. speed being one thing, but service another. interesting way to look at it. mitch, stick around, if you will, please. good to have you. we'll come back to you later. meantime a shocking upset in virginia after house majority leader eric cantor lost his primary to tea party candidate dave brat, we just heard from last hour. live in washington to explain what happened. the repercussions are felt here on wall street. a lot of people talking about this. what are people saying in washington? >> reporter: everybody is slowly coming to terms with the fact the house majority leader, as nobody expected, eric cantor lost his primary and trying to get to know who david brat actually is. an economicing professor at randolph macon college. a self-described free market guy. said on television this morning he does not support raising the minimum wage, but somebody who casts a skeptical eye on wall

street, somebody who is a pure free market type. he really means it. heaved david brat. >> i'm not anti-wall street. i'm anti-distortions to free markets. anything that distorts the free market i'm against. so when wall street goes astray, which they often do, i'm completely pro-business, but adam smith, founder of free economics when two or three businessmen get together, look out. collusion is right around the corner. >> felt already. some republican members calling on him to step down now his leadership post even before he's elected in the fall, as we expect him to do, with the argument eric cantor shouldn't be a lame duck holding that position. creating a free for all for people like steve scalise, and from illinois fighting are to the spot in leadership. throw it back to you, kayla, with an apology for calling you sarah earlier.

>> quite all right, john. one of the only people who actually apologized for the wrong name. we've all done it before'sone more question. we all heard lloyd on "squawk box" this morning asked about this race and about what cantor's defeat meant for the impasses in washington and going forward, and he said he's worried that this means that compromise is something that just can't happen. that any sort of perception that compromise is on the table will just hurt these candidates, because they're trying to be more polarized to win these elections. >> i think he's right. certainly in the remainder of this year, and perhaps through the rest of president obama's term, and i think one point of concern for wall street is, what happens when the debt limit comes up next year? because the forces that want to confront the administration do not want to give in on things like the debt limit that john boehner and eric cantor managed to hold at bay this year. those are going to be, have a

different calculus next year and that's of concern to wall street and people concerned about the economy. >> a great point. march 2015, now the date to watch for the debt ceiling skirmish. for now, thank you, in washington. more on cantor's loss in the primary with former congressman barney frank on "closing bell" that begins at 4:00 p.m. eastern. we also want to get you a check on the markets. right now, we're still pretty much in the red. dow down by 90 points. s&p 500 lost 6 in an hour of trading. nasdaq down by 3 points. the big mover there is the world bank cutting its growth forecast for the global economy. we also want to look at game stop. one of the biggest gainers on the s&p. that stock up better than 2.5%. we're also watching first solar. it is well into the green so far this morning. that stock up 3% as well. kelly? >> and coming up, alibaba's u.s. push debuting today.

exclusive details on that ipo. plus, problems with the tax man. why europe is going after apple and starbucks and an $18 billion problem, global protests against uber, but first, home renovation for the digital age. diane olick, what exactly are you watching? >> i'm watching home renovations done virtually. imagine being able to see all this, all done, without ever breathing in one speck of all this dust? we'll show you how, coming up next on "squawk alley." financial noise financial noise financial noise

got to love a good new yorker cartoon. right now, looking live at the exponential finance conference in new york city, where lowe's announce add new technology it hopes will take the stress out of home renovation. diana olick got a closer look, live in washington with more. hey, diana. >> reporter: hey, you know what? we've all been here before. right? deep in construction. hoping that everything we've planned and everything we've picked um cans out exactly how we wanted it, when all the dust settles. americans spent $119 billion on home remodeling last year, and that's expected to go up 3.6% this year according to the national association of home builders.

and all we have to go on is this. plans we drew up. fixtures we chose and paint samples we throw on the wall. well, what if we could see the whole thing all done before one hammer ever hit a nail? deep inside a lowe's warehouse laboratory, kyle knell is designing a virtual bathroom. >> drop in a toilet here. pretty critical. >> reporter: from the fixtures to the finishing, he's mapping the floor plan, choosing from thousands of lowe's products and placing those products in the room. then, thanks to a brand new technology, he will walk through it all in virtual reality. >> the hall room is an augmented reality room, using a proprietary 3d scanning process and populating this room with real lowe's products. >> reporter: it's not a hologram but a hollow room you see through the eyes of an ipad. >> so you can experience full experience in an intuitive way walking around, looking around and feeling what these objects

that you could possibly buy would be like inside of your own space. >> reporter: if you don't like it, you move it, with no heavy lifting. >> say i don't like the vanity here. just move it this way and continue to move it around the room. >> reporter: it takes a lot of the risk and stress out of renovation. >> when we started the project we callinged it the marriage sa saver. >> reporter: you can take it home along with a list of all the lowe many products they might like to buy. don't go running to lowe's just yet. they're going to test run it in canada first before bringing it to the u.s., partnering with sci-fi futures doing the technology and looking for other technologies to partner with as well. full disclosure, this is my kitchen. i spent last weekend laying out newspaper to figure out where the island is going exactly. i know the stress they're talking about here. it would have been amazing to see the whole thing done before i even started. >> diana, brave for showing us

that. doesn't that take some of the fun out of it? ship in that part of the whole home remodels? figuring whether or not that sofa actually fits in the space -- >> i guess, if you like that element of surprise, maybe. i know you're going to talk about a lowe's stock play, perhaps on this. you should talk about chipotle and domino's as the short play, because my family is fueling it this month. >> exactly. diana olick, for now, thank you very much. coming up next, keep the original content fresh. how has netflix changed the game? bringing that company the co-founder, mitch lowe, and protests over uber in europe threatening to bring traffic to a near standstill. there are pictures of it. live on the ground in paris, why local cab drivers are so upset. you're watching "squawk alley." ♪

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welcome back. markets under significant pressure for the first time in several weeks. this morning with the dow losing almost 100 points, down 94 this hour. about two hours into the session. the s&p 500 and the nasdaq also giving um about 7 and 6 points respectively, but dominic chu what more can you tell us what's happening in the market? >> with the markets overall, seeing a bit of a pullback. possibly consolidation happening. a carryover from yesterday. individual movers standing out. lululemon, the company's founder and biggest shareholder, chip wilson, criticized the board of directors announcing he voted not to re-elect the new chairman michael casey and one other director. wilson remains on the board, owns a 27% stake in lou lou lemole lululem lululemon's stock do you 25% year date. back to you. >> thank you very much.

and mitch lowe rejoining us now. the co-founder of netflix. mitch, want to ask you quick in light of what happened at lululemon, shareholders voted to keep the ceo of the company. too much power in one person? >> not at all. this is a way to keep everything focused in one direction with one individual. when you start to split the decision-making, i don't think it's good, at this point in time. >> that's what the argument that others would make, that it's great while the decisions are working out for shareholders generally, but not as if he hasn't had slipups in the past. structurally speaking, more of a check on people running the tech companies? >> there is always check. there's the board of directors. there's the consumers. there's enough checks, i think. >> for certain companies, though, doesn't seem there's much of a check. is anybody really checking mark zuckerberg? or steve jobs when he set up that board? certainly the way facebook is structured and the way steve jobs organized that board, it

was to make sure he had the room to do what he wanted to do. >> no. a good argument. there's perspectives on both sides. i think when you've got an individual like reid and mark zuckerberg, they reed, such close touch with what needs to happen and what the consumer wants. i think that it works. >> the success of these moves is all about timing. you push for a split of bog iger's role, announced he'll step down as ceo, and the stock has gone gang busters, that's not successful. same with netflix, too. if you had done it a couple years ago when they hadn't made the bet on original content and when the stock wasn't doing as well you probably would have been more successful. on the content's front, mitch, do you watch "house of cards"? >> yes. i'm a total fan of the series, and i think it really represents -- i think i'm just one individual who loves more complex characters, who loves to be taken along a long story

line. so i just love the fact we're going from kind of what i -- a full-length movie today is like a short story. versus these long, you know, series. >> but if someone asked you ten years ago that netflix would be a leader in this space, would you have believed it? >> no. you know, when we started the company, it's pretty interesting. we chose the name netflix. we didn't choose movies by mail. we knew we would get there, but we had no idea that it would be series. we had no idea whether it would be down loading or streaming. we just neuf it was coming. >> isn't there an inevitable original content shakeout coming? i mean, everybody can't do this well. a lot of money pouring into it. some are going to fail pretty big, right? >> yeah. if you look how long it took hbo to get to the point where they had a material enough of -- enough content to keep you subscribing angd not quitting. it takes every 13 weeks, a whole

new show. it's hard. and, you know, ted serandos, the person who's the primary chooser of this content is great, but you can't be perfect and there's bound to be some facials. >> -- officials. >> i'm glad you didn't go with -- a backup name. >> one of them. a check on what the markets are doing in europe after that world bank forecast has come in. simon what are you watching over there? >> obviously another red on the screen, you can see. what's happening here on this side of the atlantic has taken europe further into negative territory. big stocks, x dividend today and more importantly a concern about what might be going on with the second quarter earnings season. a number of major profit warnings today. not least, most prominently from lufthansa, the german airliner. problems with strikes, problems with the gulf players increasingly moving the center of gravity for big international

flights towards their area, but their cargo is down, kaerng pa down. this is british airways, negative territory. actually emirates itself cancelled a $16 billion order for airbus bus, 17 of the a-350 jets, competing with the airbus. also down 3%. and a big oil, steel pipe supplier for the oil and gas industry warned today and a lot of the banks are down, led by a huge rights issue, 5 billion rights issue to try and stay out of government control. the problem is, not much market cut left here. it's basically twice its market cap, and at the same time, at 35%. theoretical discounts to the shires where trading, down 20% trying to raise capital staying away from naturalization. just tuning in on the west coast, there have been today

protests across europe, in paris, in milan and london from taxi drivers angered by uber's presence trying to bring precisions to rein back the power uber would have in the future, despite this, black cabs say all 12,000 licensed taxi drivers threatened by e-mail by the metropolitan police not to take part in the that protest. in defense of the london cabbies, in a slightly different situation. you know this. they spend three or four years learning what they call the knowledge. knowing the streets of london. >> it's wonderful to get in a cab, they know where to take you. aft the same time, if uber's 40% cheaper and gps technology, i worry that whole investment in human capital isn't going to be relevant. >> just saying. they've worked hard. you can understand why they want to be protected and that was the promise many years. different from the protection in new york, basically just because you own it. >> by the way, even with gps technology, london is not easy to navigate. much appreciated by many of us a

passengers, simon, thank you. more coming up on uber. joining us from paris, one of those protests is taking place. and everyone's waiting in alibaba. when will the company actually go public? we'll be able to share exclusive details, next. plus, today's "squawk on the tweet." amazon's, have fun, make history. light it of negotiates with warner brothers, we're asking to you to tell us what should their new motto really be?

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welcome back to "squawk alley." we have been on ipo watch for alibaba, that giant initial public offering of the chinese e-commerce company, still expected to hit in early august if all goes to plan. we wanted to bring you up to speed on this. we are expecting an updated filing from alibaba. that will likely happen early next week. sources told me we could see that. it was a sliver of a chance we could see that friday after the market closed, but as of right now it's looking more like next week. so what will be in this? it's expected to have the first quarter earnings numbers. also expected to have a breakdown of the specific businesses and exactly how that affects alibaba's overall bottom line and expected to see a detailed list of the 28 partners who make of you alibaba's board, and we're expected to get the names of those people on the

board as well as, if all goes according to plan. guys, expecting this ipo to hit the first week of august. that would mean the company would go on the road to meet investors at the end of july, late july, the sec got back to alibaba with concerns about the f1 and the business model and told these were healthy concerns. nothing to worry about, but the company has to go through this, respond, and so that will be what we see in this filing. these will be addressing concerns, jon, that the sec had. do you want to see more clarification about the business model and how exactly each business unit is affecting alibaba's -- >> i think they keep giving us clarifications through acquisitions and new initiatives. 11 plain in the u.s. first u.s. high-end e-commerce place and a day or two ago today, actually, bought a mobile browser company in china. 500 million users of this brozzer. 50 million users of the app store. a direct shot at google basically taking over the interface on the phone.

this company is highly inquisiti inquisitive. the next google via the amazon road. >> and put an end to all that. >> a platform. they have to own a mobile platform to protect and mode for themselves from google and facebook. that's effectively what they're doing by owning this browser company. it's smart and their aspirations are to be broad, an entire platform for online usage. >> expected to come that first week of august if all goes to plan. that 8-8 date. you can't trade on a friday. told you, likely the 5th or 6ble if they could do it. otherwise, after labor day. volatility, near all-time lows. i mean, people say this will crush the market, that this will be such a giant offering. do you worry it would unsettle what we have had as a smoothover in the tech sector? >> i do and think cramer is right. cramer said alibaba is the worst thing that can come to the market. a lot of people will trade up into this higher cap name with a

lot more liquidity. people like the yelps and zillow, relatively small cap. a few billion dollars. here, much more room to play in. >> jd.com up near $30. keep that in mind. >> $30? >> 30 buck as share. came out around, just over $20. some people saying, i'm not sure i like this, and we were talking here saying, hey, it might be the one under the radar while everyone is looking at alibaba. don't ignore that. >> we will see that towards the end of june. saw the s1 updated last night. $3 billion valuation about three times sale pms do you worry about that? red flags? >> the really question with gopro will they be flipcam? remember that? all thought it was great. loved it. cisco bought, wrote it off. the issue with gopro, can they really be a media company, leverage the hardware to get into the margin media? to be a lifestyle brand? the question, can they actually do it? it's a big question mark at this point. >> and can it do software also?

a piece once you get this video, what do you do with it? not to answer that question for not just media. >> i have gopro. software is wonky, transfer back and forth, not fast. can't easily upload. like apple, great hardware, they need better web services and software services. >> don't go anywhere i. won't. and utility sectors made him rich. one of the worse on the s&p. dominic chu, why? >> the thing, one of the best performing sectors so far this year. maybe profit, but investors are taking outside their money of these dividend paying stocks at least in today's trade. the sector is the best performer in the s&p for the year leading the way lower, though, today. like you said, exelon, after announcing if would offer 50 million shares of stock along with 20 million equity units to fund part of its proposed acquisition of pepco holdings. ppl, first information, wisconsin energy, rounding out the bottom fine. for now, jockeying with

industrials to be the worse performing sector so far today. utilities a star in the year to date trade. back to you. >> dom, thank you. >> uber protests across the globe. london this morning, disrupting the streets. a live update taking place in paris. next.

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jux coming up at the top of the hour from right here at the new york stock exchange, the sterning loss for house majority leader eric cantor means for your money and these markets. amazon stirring up heat as goldman sachs adds stock to its conviction buy list. the price target? what's the trade? good luck hailing a cab in several major cities today. find out what uber has to do with our worst trade of the day. kayla? >> thanks, scott. watching that, too, and right now you are lookingality at major traffic jams in london, part of those protests by cab drivers in europe rallying against uber, which they say, "lettens their livelihoods." stefan padrodsky is in paris. this is becoming an ow

occurrence? it seems? >> reporter: it wasn't the chaos some predicted. probably because it wasn't the first demonstration to protest against the competition from private taxi companies look uber. taxi drivers claiming it's unfair because they don't face the same rules. they must, for instance, pay a license of $300,000 while private companies only pay a small registration fee, and that there's also a difference in terms of working hours. 11 hours maximum per day for taxi drivers, while there's no limit to private companies. the government promised to regulate the sector, but it's not really addressing the core problem, which is the lack of taxi in the french capital. over here it's not unusual over the weekend to wait for up to one hour to get a taxi. still, a majority of french people believe the taxi drivers are right to take it to the streets. according to a recent survey,

56% of them think that the taxi drivers are right to go on strike. probably because in this country, strike and demonstration are seen almost as a fundamental right. over to, you, kelly. >> stefan great to see you. in paris, couldn't get a cab four years ago and helped spur the existence of uber as it is today. meanwhile, looking into taxes paid by apple in ireland and google else where are. how serious for these games? >> a benefit to the united states. right? the spread why everybody was staying in europe and trying to stay in ireland to avoid higher tax rates. ultimately, may make it more efficient or the spread smaller to come back to the united states and actually domicile here or bring cash back. i think the u.s. government should basically be thanking the eu. >> no way. take ireland as an example. 12.5%, corporate tax rate. say the companies have to quote/unquote pay that, different than 35%?

>> they want to rationalize it, doing business in the uk or france, you can't put the money into ireland. a small amount of many employees there's-of-you have to count it in the country where the operating personnel are. the spread in those countries is not near as in the united states. >> isn't that part of the logic of the eu? this is a bloc of 27 nations where you can share all of these assets? so a company can be headquartered in ireland, take, you know, a benefit from that tax rate, and use that money elsewhere. right? isn't that what the eu is predicated on? >> obviously, countries within the eu are fighting with each other because they don't want ireland to get all the benefit. the other countries want the taxes benefit too. the companies are viewed as basically tax dodgers. >> apple's argument, 4,000 employees, pay ten times more in tax than before the iphone came out. paying every cent of tax that we owe, but it's an interesting battle we see here.

apple, we were just talking about uber, sort of this tension in europe between the tech companies and everybody else. and kind of, are they doing their fair share? a theme that i expect will continue. >> you see it with all the companies. the pharmaceutical companies, trying to get out of the united states. it's virtually an international company. very few -- >> what do you do? >> start an island, a 0% corporate tax rate and various our provisions and loopholes to allow companies to behave however they like. >> like an oil rig out in the ocean, no nation has control over it? >> build it, they will come. >> tell us whether amazon is a buy, sell or hold? >> local incredibly hard. the last thing people go after because it's so hard. i'm not excited about any internet company going into local. >> great to see you. >> thank you. and the nasdaq el issing off by about 6 points on today's

trade and watching chipmakers on the move in a big way. seema mody is live uptown with the nasdaq. >> two subsectors within the technology space that are driving investors interest. the first one you just point out, chip stocks continue to move to the up side. the companies that power smartphones, tablets, pcs with their chips. micron tech up 5% this week. credit suisse and enterprise demands, something to watch in general. semiconductor stocks. the source of strength for the nasdaq in today's trade. in another bright spot, social media. yes, seen a lot of volatility in these names over the past couple of months due to valuation concerns. look at the one-month performance for some names. facebook, twitter, pandora, king digital. candy crush saga earlier this year. all stocks up. promoting the index up 10% over the past one month. back to you. >> seema, thank you.

as iconic as apple pie practically. who could forget this infamous bronco chase? take a look. 20 years ago. how much is o.j. simpson worth today? jane wells following the money trail for us, next. s heads above the competition, but we're not in the business of naming names. the fact is, it comes standard with an engine that's been called the benchmark of its class. really, guys, i thought... it also has more rear legroom than other midsize sedans. and the volkswagen passat has a lower starting price than... much better. vo: hurry in and get 0% apr for 60 months on 2014 passat gasoline models plus a $1000 contract bonus. you need to see this. show 'em the curve. ♪ do you know what this means? the greater the curvature, the bigger the difference. [sci-fi tractor beam sound] ...sucked me right in... it's beautiful. gotta admit one thing...

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it also comes with public wifi for your customers. not so with internet from the phone company. i would email the phone company to inquire as to why they have shortchanged these customers. but that would require wifi. switch to comcast business internet and get two wifi networks included. comcast business built for business. hard to believe but it's been 20 years since the arrest of o.j. simpson. jane wells is live in los angeles with a look back at the money in the o.j. case and where

exactly it went. >> reporter: two trials, two victims, a lot of money changing hands, but how much of it has gone to the people who say it's not about the money, it's about retribution. 20 years ago, o.j. simpson was a very rich man, and when he was found not guilty of murder -- >> i love my son daerlly. >> the families decided if they couldn't take his freedom, they would take his fortune. simpson was found libel in civil court and ordered to pay $33.5 million. >> today it's well over $40 million because it increases interest. we've collected less than one percent of that. >> in 1994 simpson's net worth was estimated at $11 million. by the end of two trials his attorneys claimed he was nearly $1 million in the hole. >> he claimed to be broke. >> but the goldman's attorneys

argued he could make $24 million, that he had earned nearly $3 million since being acquitted. but the court ruled simpson's nfl pension was off limits. his house on rockingham had too many liens against it and the only thing the goldmans could find of value was his heisman. >> the heisman trophy was put up for auction and some fellow paid a half million dollars for it. >> they think he made money underground. one thing that they did discover was a large advance given to simpson in 2006 called if i did it. they sued to stop the book and called the rights in bankruptcy court. some accused them of being in it for the money. >> it was never about lining our pockets and getting rich. it was about making him pay for what he did to ron and nicole. if, as a result of that, we

received money, then why should i feel bad about that? it's not blood money. it's not capitalizing. it's punishment. it's retribution. it's what our system afforded to our family. i would encourage anybody to do that. it's incredibly empowering as a victim and survivor to be able to win. >> reporter: kim goldman says the last photo was taken perhaps either the day of ron's murder or the day before. the irony she says is that o.j. simpson was finally sent to prison only after trying to take belongings he was hiding from the goldmans. i spoke to simpson's attorney and says she doesn't know about his net worth. but if he ever gets out of prison and tries to make a living, kim says we'll be there waiting and watching. much more on my interview on cnbc.com and jane wells' hair through the 90s. >> you were there, you haven't

aged a single bit from 20 years ago from when you were covering it. that's your daughter ann from take your daughter to work day. where is she now? >> she is actually in law school at usc and wants to be a prosecutor. you can see she was digging for the facts as well as the rest of us at the courthouse. she wants to be a prosecutor. i don't know what impact that trial may have had on her. that was my life for three years, and that's probably the most i saw her in one day during that time is when i took her to court with me. >> you got her started early and i'm sure she enjoyed that day with you. good stuff as always. i know this story will follow you for a very long time as well. amazon's motto, work hard, have fun, make history. in light of its bare knuckle negotiate, what should amazon's new motto be? we have your responses when we come back. i spent my entire childhood

seeing the world in reverse, and i loved every minute of it. but then you grow up and there's no going back. but it's okay, it's just a new kind of adventure. and really, who wants to look backwards when you can look forward? there's tworked hard.n sydney. raised two kids. they've never been to moscow. but they sent money there. rented an apartment. all because, they have this 19-year-old daughter who loves to dance.

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stop taking cialis and get medical help right away. ask your doctor about experiencing cialis for daily use and a free 30-tablet trial. welcome back. here's a look at whether we stand in markets today. a negative session for the dow off 87 points. it was off almost 100%. it's at 16858 or shedding half

percent this year. the s&p is giving up five this hour. we're watching amazon. shares of that stock are up. goldman sachs, not just negotiating its battles with time warner but there are reports that amazon.com is planning to roll out a local services marketplace this year. that could include anything from baby sitters to handy men to birthday clowns, beginning with a single local market of course. this would be going up against angie's list and yelp. john, would you order a birthday clown from amazon? >> no, that's creepy. >> what about baby sitters? >> a babysitter from amazon, it probably would be a birthday clown which would be -- >> if i requested a john fortt birthday clown would you go along with it? >> if you requested it, that's strange overall. what are you guys doing? whether you talking about? >> amazon is also the topic of this morning's sidewalk on the tweet.

we've been asking you to tell us what should amazon's new motto be? justin tweets, amazon get ya. work hard, have fun, make history as long as it's on our terms. and if we don't sell, it's probably for the best. are they going to adopt any of these? >> no. the prices are low, people like that, but nobody likes a bully and bezos is aware of that. i don't think he's going to push this farther than he has to. >> what will the terms of that with? then you're not dealing with products. you're dealing with people. how do you negotiate with that? >> they got to be careful in london. we see what is happening with the traffic jams. price isn't everything there. we americans, we like a good deal. >> in europe they used to refer to the acronym gofa, google,

apple, facebook and amazon. you got to throw uber- in there. that does it for squawk alley. let's get over to the "fast money halftime report." >> thank you so much. welcome to the halftime show. here's our game plan. epic upset. what eric cantor's stunning loss means to your money. the trades you should make before election day. conviction die, goldman glows on amazon but cuts its price target. what should you do with the stock? our traders have that play. worst trade of the day. good luck hailing a cab in some of the world's biggest cities today as the yup roar over uber-goes global. the