saying things could change, sure, but sounds solid. doesn't it. >> sounds like watch guns at dawn, as far as smartwatch landscape goes. everybody is showing their cards and a ton of different products. already a bunch that came out in june. now another samsung watch. the sixth. the samsung gear-s. second lg watch. lgg watch r a mouthful. apple's, motorolas moto 360 on the horizons and others requiremented, too. a ton. >> kind of a mess, isn't it? from samsung. gear 2, runs android. the galaxy gear 2 runs android. gear neo, doesn't. gear s running tyson and using nokia maps not google maps, an other android wear devices you mentioned coming from lg and motorola. isn't this going to confuse the heck out of people? >> it a numbing mess right now. and you have round watching,

ones that act as cell phones, like samsung's. ones that don't. it some use google software. some don't. some have different types of fits in apps. could be ios or android. a lot of people don't really have an interest in necessarily buying one right now. a lot of this is about trying to create something stylish and create something useful. the real challenge. what is it you've going to make that is not going to duplicate what's on your watch and not going to be absurd, a short battery life? everybody is struggling with that. do we even need this? i think what's going to win is something that creates something that is understandable, is essential, and that does a couple of things better than your phone does. >> scott, the integration of this reported new apple iwatch with help kit would seem to be the crux of what apple is trying to do. making it little wonder the likes of jawbone were rushing to raise capital throughout the spring and summer. i'm wondering, which product do you think is most at risk, even

without having seen that product, given apple the success rate in other product launches what companies are the most at risk by this? >> i actually think the fitness company, jawbone and fitbit might be in a good position. people recognize and buy those products as carrots to dangle to get themselves to be fit, but if they see them in a store, might understand that. the thing with the samsung and the lg and all of those smartwatches is they just feel so random, and alienating, those are the ones that could plummet off fast. apple's challenge is going to be to try to create something that makes sense. and that people would want to buy, especially if it launches opposite the iphone, which is something people would save money for. what is this other thing? and how much will it cost and how do you get your mom or anyone else to be interested in that? >> yeah. that was my question, scott. people are beginning to speculate we might get the phone this fall. the watch next year. what reason is there to have

these both debut on the same day? >> i think because they are going to be part of the same ecosystem. you're talking about wireless networks and then pairing with each other. most watches need a phone. although the future will be that these will work maybe with our things in the world around us, but those networks and those types of interactions aren't set yet. walking into a movie theater and suddenly buying a ticket. or going somewhere else, it knows where you are. you see some watches striving at that. so it makes sense. later on, apple may have mac books and may have ipads and wearable seems like a random fit with that. again, something more simple? like a health and fitness device? even though not everybody needs that, people can understand that. getting those other elements, like communication, emergency features, even messages. how does that work and how do people use that's in a way that doesn't feel confusing. >> carl, thinking we'll see a lot of pain here. so many different devices coming out. reminds me of the mp3 player

market before ipod, and samsung is in danger of entering the sony zone. you have so many. >> ouch. >> products in a category. actually starts to dilute your brand. >> you believe that's true? >> absolutely. >> they're in danger of entering that zone. where there's just too much stuff. i don't understand it. actually starts to hurt the brand. hardware is not software. you can't just put it out there to see if it works and yank it. like google did for -- g-mail. hardware, can't be beta or eventually it hurts your brand. >> scott, willing to go that far? >> definitely. samsung showing off a world's fair product showcase of potential manufacturing prowess. that ends up in the stores unfortunately, maybe not that visibly in stores and which do you care about? all of these events and all of these products get numbing. you have to sort of focus and say, this is the one we care most about. samsung is very much in a darwinian mode of the best product will win and get picked by the consumer.

nobody really knows what they want. >> interesting. wearables, going to take a while to get our arms around this one. scott, good luck this season. see you soon. scott stein joining us from cnet today. next up, russian hacker reportedly attacking jpmorgan and at least four other banks this month stealing an unknown of sensitive data including checking and savings account information. the phifbi is investigating. >> as much as the bank has an interest saying this is commonplace. it really is. talked to scuty executives at these institutions, one of the big four banks said we have over 100,000 attempted hacks a day. a day. that is how frequently these networks are trying to get into the bank systems. jpmorgan for its part in the last year tripled its cyber security spending to $600 million from $200 million. the viewer and bank consumers needs to watch out when you're a

customer of one of the regional banks. they don't have the type of money to spend on their own systems to bulk up in the way big banks do. that's where increasingly you're seeing the targets and have to watch out. >> and "usa today" mentioned in their story just a while back sunnyvale based company reported credentials of phishing campaign against jpmorgan's people get an e-mail that appeared to be from jpmorgan. hey, enter credentials, et cetera, et cetera and then they would attack from there. proof point, the company that apparently uncovered that. so all kinds of ways these hackers can try to get in, because that's where then in is. >> and also a pervasive mobile threat called spang. i'm butchering that pronunciation. dropped up in june. it's something that is on android devices comes from the google play store, and it basically sits on top of your bank app. when you go to log into your bank app, another window pops up making you think you're logging into that app.

really you're giving someone else your credentials. that's just come to the u.s. and something the banks are watching as well. >> called. >> svpng. how would you say that? >> i thought you said spanx at first. >> that sits somewhere else. >> totally different. >> that 100,000 figure a day, from one bank? >> one bank but representative of the broader bank network, because if just one of the top four institutions in this country is seeing that level activity, you have to think all of the big ones are as well. >> amazing. waiting for some comment from the fbi but wouldn't hold our breath on that. meantime, microsoft ceo, nadella heading to chine in. opening an antitrust investigation into the tech jichbt. not clear if he'll immediate with chinese officials during the trip. microsoft officials would not confirm the visit. opening a probe into microsoft earlier in the month saying the company may have broken anti-monopoly lies faw windows operating system and office

applications and we know the chinese government stopped buying service tablets making life as miserable as they can for americans. >> tim cook had to go to china, the doghouse, have to call it. hits on customer service issues. qualcomm getting into trouble there. similarly under ain't tru eer a grounds. don't want to pay licensing revenue to qualcomm. a protectionist attitude is out there. china trying to get people more focused on buying from chinese tech companies and it seems to help sometimes when the u.s. ceos go there, make a showing. show that the market's important. maybe make concessions, toss money around to chinese start-ups. sometimes things loosen up. >> drastic, difference in the revenues apple and microsoft gets from china. saying china's revenues eclipse u.s. revenues in a matter of years. microsofts, just a fraction of

what they do here in the states. you wonder if it really matters all that much to microsoft? i know it's a giant market and eventually they would like to have that be a very strong segment for them. compare apples to apples, doesn't really stack up. >> because there's already a huge piracy problem microsoft faced in china a long time. plenty of pcs with windows. not paying for it. how that changes the equation for microsoft, i don't know. >> meantime, alibaba coming here, arguably, making it easier for the visiting team. asymmetry there. wouldn't you argue? >> a good point. >> ballmer working on a contract? >> sell a bunch of jerseys. not his problem anymore. >> all right. check on the markets? >> we do. a lot moving the markets right now. of course, fresh geopolitical headlines also did get that better than expected revision on second quarter gdp, 42, when that was expected to be a

revised below 4. not enough to hold up the markets. dow down 56. s&p down. n n nasdaq down 11 as well. apper kprom buy and fabercrombi finch, stock down 6%. we'll wait and see how back-to-school did for that company. look at twitter rallying during trade this morning. twitter shares near the highest level since march, up 30% in the last month. 3.5% rise today. quite a move there for twitter. carl? >> unbelievable. since the august low, dom reported it's tripled the market. twitter. even though it is down year date. amazing run. when we come back, does amazon have what it takes to compete with netflix? we'll review the latest batch of originals that premiered on am zone today. plus, spend $80 to see your

favorite band or watch the show on your computer? the ceo of livenation, the future of live music in a cnbc exclusive. and this stand-up meets streaming. star of the first-ever stand-up comedy special on netflix joins us later this hour. "squawk alley" is back in a moment. so we've had a tempur-pc for a while...

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amazon's new shows piloting here in the u.s. today and the uk including three half-hour comedies two one-hour thrillers. the question on everybody's mind harks amazon finally created something that can really take on netflix? a contributor, former "people" magazine tv editor wrote how amazon built a studio finally challenging netflix. good to have you back, jason. >> good morning. >> how many are you watched? >> all five. >> what do you think? >> i think the three comedies really have something there. everybody has been most excited so far about the cos ma paul tins which is a comedy from whit stillman, directed independent films like "metropolitan," "last days of bisque s of disco." a core group of fans. also's liked "red oaks" executive produced by steven soderbergh and recaptures coming of age '80s movies. >> some have decent, paul

reiser, a big star. long history with nbc. >> yes. >> does the slate compare to a broadcast network's false slate? >> only five of them. the networks rolling out significantly more, but amazon in the spring had another slate of pilots then as well. so they're still kind of building up. roy price fold told me they'd like in a scenario one new show debuts everyone month. a full series. these are pilots viewers will watch and help decide which are perked up to series. >> jason, the company is spending a ton of money. all you have to do listen to any investor talk about this stock you'll see they are worried about a content that doesn't pay off. had you will you gauge that? is it just about prime subscribers? bulking up? or about buzz? without metrics, with rating for some series, it's hard to know. >> absolutely. i asked amazon studios head roy price that very question. and right now, they're viewing these shows as a benefit to

prime subscribers. more than 20 million of those. they'd like to, a, have those subscribers continue to renew and, b, attract new subscribers. engaging with prime customer, watching it, excited about it. watching not only one episode but the whole seasseasons. >> we watch a lot of tv, we're americans. a certain point a limit. coming out with more shows on amazon, netflix, various other platforms. at what point do we reach peak attention and somebody, some network, some up and comer gets squeezed out? >> i say we're at that point. the bar is so high, these shows have to it be truly exceptional to warrant attention. amazon does have one of those shows already. i think. it's from the second batch of pilots which is called "transparent." the whole season will roll out next month. and that is really something special. i feel like "orange is the new

black" amazon's signature show. >> trying to compare amazon's first season to, say, netflix' first season. li li lilyhammer. al if a house. if they strike gold at all, amazon will do it with the same ill lack cratty as netflix did? >> "house of cards," "lilyhammer" first show. not as much buzz. "house of cards" big. "orange is the new black" an unexpected surprise. i'm not sure if they have their version of "house of cards" yet. hoped it would be "al if a house" it's not there yet. amazon behind netflix but closed the gap in the last year. >> and no hesitance top spend of money necessary? >> no.

they're serious. >> final question. will they have any, the rights of ownership of these shows? do you get the sense amazon will have more of it than netflix does, say, of "house of cards." >> absolutely have more. all of amazon's programming comes out of amazon studios. everything is produced in-house. key, something netflix doesn't have and something they'll try to do going forward. the series netflix what they license from other studios. amazon gets to keep and enjoy the benefits of all of that money in-house. >> that means a hit from amazon is worth more long-term than a hit from netflix? >> absolutely. >> jason, great stuff. thanks for giving us a peak. see how the shows do today. thanks, jason lynch. when we come back, you'll hear more about this company in the coming months. details on the former "squawk" breakthrough getting ready to go public. can netflix make a laugh? jim jefferries joins us late other than this hour. "squawk alley" is back in two.

welcome back to "squawk alley." our cnbc rap it up calculated by mood moodys.com. the gdp report changed the forecast for the third quarter, and it did bring it down a bit. down 0.1% to 3.2% with a range of 2.5 to 3.6%, reminder that they upgraded the second quarter gdp and the reason is because they upgraded inventory and taken off some inventory expectations for the third quarter. here's the range. mood moodys.com, contributing to the survey. ten economists. 3.6% third quarter. deutsche bank, 3.5%. side note, deutsche bank, second quarter spot-on, 4.2%. morgan stanley, revised downward to 3.2%. credit suisse and barclays bringing up the rear at 2.5% for the third quarter. kayla, the big story is that the relative strength in the third quarter remains after that upward revision to the second

quarter. kayla? >> thanks for that, steve. keep an eye on that. especially after the better than expected numbers this morning. in case you missed it, lendsing club, peer to peer low provider, planning to raise $500 million in a forthcoming ipo. gaining popularity focusing on consumer loans an area the banking industry shies away from. talking to us about ipo plans here on "squawk alley" a couple months ago. >> talk about the timing of an ipo, the thing in general, going public for lending club would be, would be really a, another transformative advance. a lot of our customers are investors, asking us, it's great. i love the service. how can i own a piece of the company? going public would be a way to do that. >> for those unfamiliar with lenden club, they offer a credited investors the chance to be on the other end of loans

lent to borrowers with 660 fico stores and above, up to 35,000. too small for banks to say profitable but the companies lived through a financial crisis. it started in 2007. and it has the likes of larry sommers, former morgan stanley ceo john mack and mary meeker on its board. >> interesting to see how the street values it, because it's like a bank but it's not a bank. right? no checking accounts. hence, leverage will look different than your average bank. >> yes. and they did see 1 billion plus in loans underwritten just in the most recent quarter, but only 80-some million in revenue. a relatively small company. interesting to see despite all the capital it's raised what it's valuation will be given that it's not a consumer tech company not an internet company, with valuation where is they are. >> early 2000, a bunch of

companies trying to do this. didn't seem to catch much traction back then. now apparently it's working. >> you have to find the sweet spot where consumers need the product and can't get it elsewhere. perhaps before, all alternatives. this will be in the fourth quarter. we'll watch here in new york for that. meanwhile, european markets about to close. bring in simon hobbs to tell us what's moving. >> kayla, two main dynamics to the european session. first was a pairing back of bets at the ecb, will it launch qe next week earlier in the session partly because of the reuters report yesterday they would only do so with significant deflation in inflation figures tomorrow. the latter half, pre-occupied what's happening in ukraine. the president saying russian troops entered the country, nato suggesting there are now 1,000 russian troops now fighting alongside the rebels. the fear obviously is that there will be sanctions, further sanctions. don't forget yesterday the ukrainian prime minister said they had seen plans that western

europe could have its gas cut off in the winter by russia. both of those two effects, negative for europe poon equities. gemi germany led down in the session. russia, the bank, builder, tiemaker. these guys with a threat to not be able to fly over siberia. lufthansa has a strike on the german wing subsidiary. a 24-hour chart of the euro. you'll see what i mean. coming into the session pairing ban bets of the ecb. see the euro rising and falls getting concerned over what is happening with the ukraine. you see it, too, with the german bund. yesterday hit a record low. coming out of the session, what is it? too late shot. basically back here, it came up higher, bournsed off the lows and the german bund back into record-row territory because it's what happening in the ukraine. and 0.8%, spanish inflation data

slightly better than expected. it is minus 0.5%. that still pointing -- the yields rose during the course of the session from record lows. that point still guides to a print tomorrow for the eurozone of plus 0.3. champion is not deflation. it is not a significant deterioration. talk form if we get that where that leads the ecb next thursday. >> thanks, simon. simon hobbs. when we come back, netflix getting serious about being funny. comedian jim jefferies starring in the first-ever netflix stand-up special and he'll join us later on on "squawk alley."

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streaming giant netflix set to release five exclusive comedy stand-up specials including comedians like jeff jefferies, chelsea handler and bill cosby among others. could this be netflix' big hit? jim jefferies is a comedian. his special the first of five new stand-up comedy specials netflix is releasing. join joins us from l.a. good morning to you. >> good morning. >> this is going to debut at 12:01 a.m. pacific time. where you going to be at that moment? >> i think i'm going to be in detroit doing a gig. i'm pretty sure i'm going to be

in detroit. the good thing about netflix, when i'm trying to market this thing i don't have to tell you to watch saturday at 9:00 p.m. and then on the east coast, a different time from the west coast. just watch it whenever you want to watch it. it does mat whir it debuts. >> the whole point. a lot of people got to know you in '09. you had an hour-long special on hbo. do you feel you're wading into new territory with this methods of distribution? >> i prefer this way of doing it. you know, every other comedy special i've done is run to like 54, 56 minutes, because it has to go within and hour, an ad break before, after it. this one, with netflix, goes 72, 73 minutes and the show ends when the show ends. it doesn't, there's no editing in this entire performance. it's the full show. >> jim, you and i are about the same age and the first big comedy routine i remember growing up was bill cosby himself. i have the tape. i memorized it at age 7.

that was sort of the way i consumed comedy. how are kids and even older people really consuming comedy now? do they memorize stuff? does it infect the culture in the same way how do you think about that? >> sadly now people are watching it so much on youtube, that people know smaller routines. i was the same as you. used to watch eddie murphy's "delirious" from beginning to end. had it on a beta max cassette. put it into the player soon as my parents left the house five minutes and would watch it like po ar porn. soon as i heard someone coming, had to swap it out and turn the tape over. sadly, it's like music. you used to listen to a whole album. now people just download one song here and one song there. hopefully something like this on netflix will make people watch more complete shows. watch the full show, not just a two-minute clip on youtube. >> jim, how do you control the

quality of the product? the show just easy when the show ends, how do you make sure it's short enough the viewer stays interested, the material isn't stale but long enough to keep them coming back for more if they want more? >> because i'm really good at it. >> we know you are. [ laughter ] >> well, a lot of people don't control the quality very well. a lot of really bad special the out there, and i don't know. i hope this turns out pretty good. i think it's good. maybe that's just me who thinks so. >> you're the executive producer of the special. >> yeah. >> did netflix allow you liberties you wouldn't get anyplace else? >> be honest. we all work in television and know the job producers isn't an actual job. >> don't tell our producers that. >> i was executive producer on my tv show for two seasons and still didn't know exactly what that meant. it's just a title. but did they give me any -- look, executive produce -- i still don't -- as i said, i don't know what the title means.

yes, very nice to have the title and netflix was very nice to me and i have no complaints at the moment. >> our control room just exploded, by the way, when you said that about producers. do you think this is going to be your -- >> a lot of them would be sitting there eating doughnuts. you tell me, please tell me, just for the american public right now, what is a producer? what is the actual job of a producer? >> isn't that the person who goes and accepts the emmy once you -- >> that's right. yes. >> yeah. >> jim, is this -- clearly not the end of your relationship with netflix. any plans for the future that would go beyond a special of your own? >> well, i have plans for my future. i'd like to make movies and tv shows with them, but i don't think that's in their plans. so i -- i think the plans for the future probably just to do another special with them, if they'll have me. >> we can't wait to see it. tell you that. jim jefferies, 12:1 pacific

august 20, filmed at the wilbur theater in boston's hope you'll come back. >> thank you for having me. appreciate it. >> fascinating. as netflix's reach continues to grow. >> comedy is hard pap median that looks easy, getting up there, but working at that material for a long time. >> did you really memorize all of himself? >> all of it. my godmother, at 7, had me tell it to a whole crowd up in long island and when i finished they wanted me to do it again. are you serious? i didn't want to do it again. >> got to get cosby on the show next. >> one of the other comedians that signed on with netflix. a lot of forthcoming content there, jon. you'll be happy with that. this week's tech battle, all about making your smart device smarter. two indy products going at it. a touch-screen projector letting you turn nor laptop or smartphone into an int active 80-inch screen. the project vying against that, scan wireless. a mouse allowing you to scan

anything to your smart device. eave a even scanning doubts. the polls close shortly this afternoon. vote now. c nbc poin kom sl.com/techcrowd watching shares of csr. moving higher, the chipmaker saying it rejected a takeover approach from microchip technology. instead the company is evaluating options. i guess that means or may mean it's wants a higher price. trading up 35%. microchip technology, flat on the session. >> thanks, dom. if you want to know if the concert industry is doing well. look no further than this chart. the world's largest concert promoter up almost 30% over the past year. with companies like yahoo!

starting to stream live shows, is trouble on the way for the concert business? ask the ceo of livenation in a cnbc exclusive next. first, rick santelli in chicago. what's on your mind? >> first of all, trying to draw a chart. what's on my mind. we'll look at the stock market in the context of a racehorse. and we're going to look at fed and its numping, maybe it's doing more than nudging, central banks nudging in general with respect to a fraud. so it's going to be all about animals after the break. his lonf starts with back pain... and a choice. take 4 advil in a day or just 2 aleve for all day relief. honey, you did it! baby laughs!

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at the top of the hour, stocks taking a breather. time for investor to worry about geopolitical tensions, or something even worse than that? then abercrombie shares sinking on earnings. has the company lost its cool? we asked its target answeowners. answers might surprise you. all straight ahead on the "half" from post nine right here at the new york stock exchange where you are, carl. >> always night to have you here, scott. >> in your house. and rick santelli and "the santelli exchange." >> hi, carl. a lot of discussion going on about the federal reserve, european central bank. the bank of japan, and with just cause. the conversation with regard to the u.s., a lot of it isn't so much about what's going on with interest rates, although there's a lot of discussion there, but it's more about the longevity of this unloved historic rally in

the equity markets, and one of the discussions i was involved in yesterday was looking at the equity markets in the context of the zero interest rate policy and in the spring of next year, does it end in the fall or does it end ever? keep in mind all of you savers out there, that i don't look for historic overnight fed funds rates to go back into the historic averages. i just think that a 1 or 1.25 or 1.5 fed funds rate gives the central bank some cushion, should things deteriorate in europe and become contagious with regard to recession. the federal reserve of the u.s. definitely is less involved in the kool-aid, but remember, all kool-aid is fungible. so what we are not going to be doing in the future, whether it's qe or actually raising interest rates, it certainly looks as though mario draghi will take our place, but one of the reasons for the stock market is that it is not looking at though it is afraid of the end

of zero interest rate policy, whether the spring or fall. that's as erroneous as it gets. one girl knows it's erroneous and her name is tina. there is no alternative. i think at this point that investors as they look and even understand that the end of zero interest rate policy and ultimately the end of qe by the end of the year can have a detrimental effect on equities. the fact they're not acting on it now doesn't mean anything. my opinion, we've trained investors, like pavlovian training, they'll ride the horse with the last ffurlough. if italians have a lower interest rate than we do, that gives credibility to our fed not crossing some magic line going from nudging to taking over it with respect to what they've always done in the economy.

i think we have crossed that line. my analogy is the boiling frog. how can i prove it? since the end of bretonwoods in 1971 to today a rough drawing of the size of the fed many balance sheet. to me, we crossed the line. okay? many out there the can say what's going on in italy or some of the southern economies with lower interest rates somehow justify going from nudging to much bigger manipulations, but all that is doing is given credence to one manipulation, because of another. back to you. >> thanks so much, rick santelli. always a good reminder. when we come back, shares of workday slipping despite raising its full year forecast and reporting better than expected revenue in the latest quarter. that stock up after jon fortt's interview. more from that in a moment. check out footage of the waves on the west coast provided by tropical storm marie. shot with a surfer's best friend pap gopro installed 0 an drone. looking at malibu, california.

high tech surfers taking advantage of the waves. when in doubt, paddle out. "squawk alley's" back after this. when you run a business, you can't settle for slow.

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and get the fastest wifi included. comcast business. built for business. the concert industry is booming and investors like what they're seeing. shares of the largest concert promoter up 29% in the past year plus. mobile innovation, livenation saying 17% of ticket seams come from mobile platforms up 40%

you've otherer year. julia boorstin is joined by the ceo michael rapino. >> carl, thanks. and michael, thanks for joining us today. the summer concert season wraps up, two-thirds of the way into your most important quarter of the year. what are you seeing now in terms of concert trends? >> q-3 probably end up being a record quarter for us. we're just seeing a bunch of great growth in the industry, and the good news is, it's in multiple areas. edm, growing, over the last couple of years, 200%, 300%. country music. the stat this morning. our country music business from 2010 to 2014 is up 78%. tons of people going to country music. you have festivals on fire. up a couple 100% over the last three years in festivals. a huge stadium business as well. kind of firing on multiple cylinders to rise the tide of

the entire business. >> stock took a hit after second quarter results declined under concert attendance. a quirk of schedules? >> unfortunately, the q-2, q-3 split doesn't work perfectly for the concert season. q-3 our biggest season and most stadium activity happened in q-3. pure timing and end up at the end of this year probably on another record year after last year's record. >> one of the biggest surprises to me, the fact you saw 90% increase in secondary market sale. how do you explain that? what's driving that? >> lost a product a year ago called ticketmaster plus. our strategy yas, instead of fighting secondary on a secondary business, integrate it right at ticketmaster. the number one site in ticketing's tons of fans coming to find jay-z and beyonce tickets at 1001. once sold out, we don't want no inventory. 1002, you came to a jay-z page,

we had tickets the next three months in the secondary market. brought it to the marketplace. >> jon, jump in here? >> thanks, julia. ho who's actually coming out? a split, sometimes staying at home watching netflix but eventually want to come out and do something. when they do, you make money. country music, their fans coming out. who else is? >> look in 2010, 2013 and '14 will be similar. take the top ten tours of the year, seven of them were from what we call new artists. artists relatively new to the marketplace. any of that fantasy the sbis run by the older stadium acts isn't true. there's, you know, 1d and five seconds to summer, a stadium tour sellingous this years. jay-z, rihanna, eminem. a crossed business from the

19-year-old hip-hop to a 14-year-old to 1 d to and older audience and country music. a demographic shift across all areas. >> kayla tausche back in new york, michael, as well. a major shareholder vocal. john malone. bought in, continued buying livenation shares. recently he said in the past, the company would benefit from going private as the industry changes and you rethink your model. is that on the table and what are you discussing with ma loan at this moment? >> you know, greg mafe or chairman and on the board and liberty a great shareholder. we love the fact they've bought into our business model the last couple years and increased their stake. we think obviously with returns giving shareholders over the last couple of years, we've got a lot of runway left and are very happy over the next few years to keep delivering profits and shareholder value. so short of running a better

business and delivering value, that's the only agenda right now. >> your business has changed a lot over the past years with the rise of technology. in a lot of ways big data business. how are you leveraging data to make more money? >> unlike the record business, the internet was the gift to the live music business, because it's not duplicatable. you've got to experience those two hours to get that adrenaline rush. what it's provided is, people buy concert tickets online. at ticketmaster. that's moving to mobile. great for us, because we keep all of the same economics, but have a much more frictionless experience. and the data we have at ticketmaster, over 200 million names in the database started to make us a smart marketing organization. three years ago, 32% of our inventory was unsold. 2013, 29% unsold. that 3% shift is about 2 million tickets to us. >> i have to ask.

coming short on time here. you also have a huge management, really a stake in the future of the music industry and digital, in the digital music sales, cd sales, whatever it is. now the rise of streaming, apple bought beats. is this good or bad for your artists and for the business in general? >> you know, i think streaming and subscription is the way of the future. i think the beats is and spotifys and others are going to give artists a hope to finally have a shot at real revenue and real scale in the business. >> you think apple's acquisitions is a good or bad thing for business? >>y smartest guy in the business. brilliant. understand technology and artists and will do wonders to help apple's strategy. >> have to leave it there. thanks for joining us. appreciate it. back to you, guys. >> all right. thanks. take a look at shares of workday, slipping despite a rise

in quarterly revenue. i spoke to the ceo and cfo of workday in the last hour and they talked about big investments in new products. take a listen. >> we're making big investments in our products and today in, our hcm platform we can serve the largest companies in the world and are striving to do the same with financials. making big investments in our financials products as well as other products to have serve our customers payroll and recruiting as an example. >> one of the most interesting things to me, guys, about what i'm seeing out of workday, yes, sales and marketing is about half of revenue. about the same ratio that you see in sales force, but also spending more in r & d and the xpakdrd expanding ouch that original human capital management category in hr, out into financials. you can see lots of other areas, big potential, that they could expand into. >> eight straight quarters of a raise. if cramer were here, he'd love

to talk about the company today. some saying a little more opaque or metrics. the beat not as big as past quarters. why it's down today? >> could be part of it and a number of stocks including sales force down on geopolitical tensions. >> true. tough tape with the dow down almost 50 jvgs when we come back, how tennis is going high-tech, robert frank taking on a top ten player in the woorlds. you're going to want to see this and it's next on "squawk alley." [ woman ] the cadillac summer collection is here. ♪

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if energy could come from anything?. or if power could go anywhere?

or if light could seek out the dark? what would happen if that happens? anything. when it comes to tennis technology, how does a c nbc reporter rate next to one of the t top ten players in the world? good morning. >> reporter: another beautiful day here in queens. technology revolutionized the game of tennis, strings, rackets, training. a new smart vact taking tennis toke a new level. i took to the court with the number ten in the world and one of the most powerful hitters in the world to try it out. take a look.

it's called the babalot play pap smart racket with built-inasuri power, whether you're hitting your sweet spot in the length of rallies. >> getting information about your game you've nerve her action to before. other than a coach sitting on the side of the court and telling you about your game. now you can actually look at the data yourself. it's very fun. >> reporter: fun, unless you're opponent is joe wilford tsonga. one of the most powerful hitters on the tour. joe and i palgtsed it out way play racket that feels just like a regular babalot. he crushed me. worse when we looked at the data. >> impact locator. that's joe. that's me. that's the difference between great player and a club player prp 48% versus 90%. amazing. telling me as a player what i need to work on. >> always, you know, all my life i will learn and for sure with

this racket i will learn about my game and where is my sweet spot, how much power i pull on the ball and it's good. >> reporter: guys wasn't all bad. the data was bad. wasn't all bad. i did actually manage to win a point against the big man jo take a look. maybe let me win, maybe not. in my mind i won a point against the number ten in the world. i love this racket. back to you. >> we will never know how many takes it took to get that one point. >> don't let your hair get stuck in the net. >> happiest i've ever seen robert. >> enjoy your time in queens. thanks for bringing that story. and before the i aluminum and graphite rackets, andy roddick and others, bjorn borje once reigned on the circuit. he used a wooden vs racket to

win 11 grand slam titles. one of the world's oldest tennis equipmentmakers producing the first animal gut strings in 1895. the looks what we saw from robert, looks like a badminton racket. >> got gets the "half" under way. welcome. live today from the new york stock exchange and in post nine, the starting lineup. mike murphy, and stephanie link, also we have jon najarian. co-founder of option monster and ben willis from princeton security with us today as well. we're going to begin today with a saleoff on stocks on reports that the fighting between russia and ukraine is intensifying, may have expanded to a new front. so far investors mostly brushed off those concerns, pushing stocks nearly every day to new highs, but is it time to be fearful about what's going on? not only there, but