jack ma supposedly new the famous story because he was an english teacher. thought of the name and started asking random people what they knew about alibaba. everyone no matter where they were from were familiar and new the phrase open sesame. alibaba of course the company that opens the sesame for a lot of small to medium sized companies. great story here. the founder and ceo of business insider. with us as always john forth. and kayla has new details on pricing. >> exciting 24 hours to say the least. we're going make you wait for the spacey sound later this hour. but this is the day alibaba will price shares. that is expected to happen after the bell today. i talked to several people involved in this deal this morning and the expectation is that it will not price above that existing range. it will be within the $66-68

range set out by the company on mobbed when it rai -- monday when it raises from it its earlier range. management has played an involved role in this deal and allocating and choosing who some of the top shareholders will be and they will ultimately get the final say where the shares price. i spoke to a handful of underwriters this morning and they said throughout the last week and this process, especially the last day the price they plan to recommend is $68 a share. that 8 of course being a lucky number in china. so the auspices of having as many eight as possible is not overlooked. that being said, ultimately the decision rested with the company. they can choose whatever price they want. but i am told definitively it will not go outside this range. >> tight as a drum. what do you think?

>> i think they are doing a wonderful job managing expectations. we've got the number we are not now going to be disappointed if they price at 68. but i think collectively there is a lot of posttraumatic stress disorder from the facebook ipo. people are being almost overly sober and cautious when look at the cash flow basis. and i say that at someday alibaba will trade at 15 to 20 times earnings just like every other company. but right now under 30 times earning with a growth rate of 45 to 50%. it's china you don't know what is going on. not saying it is safe by any means but the stock could easily trade at a hundred and be justifiable. >> they have tripled in the most recent quarter, year over year. even 15 or 20% is still a high evaluation. >> and if it's rated there it

will be a disaster. eventually though it will trade ate that. but again this company did $5 billion cash flow last year. they should do easily $2.50, $3 next year 2015. so the multiples just aren't that crazy. >> kevin, good to see you again. >> great to be here. >> we got henry's opinion on this tomorrow. what is your thinking? >> my thinking is this. i look at this as an industry play. if you are ruffnning a mutual fd like we do and we've allocated 20% to the sector. this is a 5% dmam. so we may sell off facebook or google to balance out a full allocation. i fully predict this stock to be well-supported institutionally. i obviously think this is an index to chinese growth whether it be 6 or 7%.

if i can't get my full allocation and looks like i'm not going into too aftermarket like every other mutual fund to lay it to 5% waiting in the amanda. i don't kn mandate. i look at it just like henry said. where else can i get the exposure to 6 to 7% growth in a sector that has fantastic cash flow? and you know i love cash flow. this is going into my mandates that don't by dividends so it is not something i personal don't own. >> we know that very well. and you continue to remind us. thank you for that. one reason why allocations are so tight and you might not get as much as you possibly want is there is this idea that there are a ton of shares that are not locked up. and so there are going to be several employees who have acquired shares in alibaba along the way in the last 15 years and they will not be locked up.

so as soon as the market opens they will have the opportunity to sell. so underwriters here want to create so much demand in the market from people who have not been able to get shares that there will automatically be an end buyer when the stock comes to the market. roughly one in ten will end up getting shares i'm told. >> -- that big a flood of stock hitting the market is very unusual. hard to know what it will do. >> it is. >> i think we'll get more allocation than that actually. i look at it this way. this is a large, large ipo. the institutional underwriters want this to be successful they would like to price it for upside on institutional buyers. nothing makes us crazier than taking a full waiting when asked to get it if we can or take whatever and have it trade down.

that makes everybody unhappy. and we don't forget. we remember the facebook deal and we're assuming in underwriting this is going to be better managed and. i believe that. if it comes at 68 i think it is going to trade somewhere in the mid 70s and i'll be happy to buy some at that price for the mandates it's aaccording to. i'm anticipating a successful, large profitable underwriting and everybody involved is going to be happy campers. >> the company still reserves the right to price depending on the market today. >> yeah. we did ask former yahoo president sue decker in the last hour. she sounded pretty bullish. listen. >> i don't know where they are going to settle out tomorrow but as far as the company goes, at a reasonable valuation, i think it is one i'd put away for my kids. i'm a baa baa bull. >> apple ceo tim cook taking a swipe at some biggest rivals in open letter to customers

unveiling the new privacy policy. he writes a few years ago users f internet services began to realist that when an online process is free you are not the customer you are the expense of the product. our software and services are designed to make our devices better, plain and simple. john, is this the right thing to say? should he have said it earlier? >> maybe he should have said it earlier. i was in the opinion that in this launch season apple needed to say more about privacy. he is saying a lot more here. i think it is interesting to parse though, who exactly is he poking here? is it facebook? google. probably more google than facebook. he's pointed out google as being a competitor. facebook, some of their logging is built into ios. continuing to be an ios aid. he is interesting to see how he continues to push the line of

demarcation between apple and google particularly as build more privacy and security into the operating system. >> especially on the week you are launching a new operating system. >> brilliant positioning. and quite bold on the heels of the icloudy breech when security went out the window. people will hear it. lots of concerns of privacy and google harming my privacy and whatever. and then they remember yeah but google stuff is free and it's great and therefore i don't care. but it's a good way to position where apple is in the marketplace. >> and a lot of the apple fans are sticking by the line here that icloud was not hacked. >> you're saying you don't buy that? >> no, i think that icloud could have had better security measures particularly when it comes to icloud backups. and when you don't have adequate security measures in place to particularly maybe your

celebrity customers, and that gets breached. then you bear some responsibility for that. part of this is on apple because some of these celebrities got hacked. but apple's fans are saying absolutely not. it is the celebrity's fault for not having a stronger password or whatever. >> kevin, you have a hundred devices. apple has said maybe they made a mistake in the awareness part of it. was that enough. >> maybe. but a story, i'm here in beverly hills right now. i went to the to apple store in the mall besides to check out the form factor between the 6 and 6 plus. when i got there realized i was going to be happy with the larger format and about to put my delivery in when i was told i couldn't buy an unlocked phone. i cannot buy stateside an unlocked phone. so i had to call the eaten center in toronto where i could buy open phones and i purchased

two 6s, but they told me the demand for the larger format has so far outstripped their anticipation, they have no idea when they can deliver me a large format open iphone 6 plus. i'm amazed. this thing is going to be way bigger. and privacy issues, all of these things to me are more advertising for a format that looks to me as an apple shareholders and remember apple pace a dividend. this is going to be a big cash upsi upside. that is my take. >> sounds like a supply crunch. >> yep. >> in this statement i was surprised to see how specifically apple was willing to set itself in a class apart from the googles and facebooks of the world. we do not use your information to take products to market to you. that is very clearly something that neither google nor facebook and even to a degree amazon could say with a straight face. >> right. >> and what i love about this is deeper down apple goes to say we specifically in ios 8 made it

impossible for us to decrypt your messages and give that to the nsa should they want it. so aggressively saying not only are we not eager to give this information to the government but we're making it harder for them to get. >> it and that too is brilliant. everybody else's defense has been it would illegal for us to say no. we're very angry about it. here they are saying go ahead. ask. we can't give it to i. and that will resonate. >> how do you push back against the bear argument that $102 -- it could be huge and it is just not going to be enough. >> the bear argument which i've talked about a lot is ultimately a a lot of pressure on smart phone pricing. 70% of apple's pricing comes from from that. i worry what happens after. that said to kevin's point the iphone 6 plus is going to be a car carbonash cash bonanza.

because there is so little storm on the basic model. we are all now taking these pictures that are so huge. lots of people upgrade to the 64. so it may be $200 more. and that is right to the bottom line. >> potential to what this does for average selling prices on the iphone and how that adds to earnings plugs. and apple play if that catches on. and everybody who buys this phone is a potential apple watch customer next year. add that on top. that is a lot. >> a fascinating 6 to 12 months watching apple. great to see you as always. thanks. >> thanks for having us. >> at this hour let's check in on the markets as well. hitter interday highs on both dow and s&p. doesn't matter how dovish or hawkish you thought janet yellen was in yesterday's fed conference. the market cheering what it saw. the dow up. the s&p up 8. the nasdaq up 25 despite a

weaker philly fed. and so a few positive notes on the day to front this morning as well. also shares of conagra rallying this morning after the company saw first quarter revenue that basically matched estimates but says its new cost saving programs are having the desired effect and pleased with the start to fiscal 2015. that up 3%. shares of rite aid are slipping. it cut guidance for the rest of the year due to lower than anticipated pharmacy margins. and you can see that stock down about 16%. >> tough day. the winklevoss latest investment is trying to protect your phone. and plus when alibaba goes public which investors stand to make the most money. one of them got in way back in 2003. and what it's like to work with netflix from one of its biggest stars, kevin spacey joins us

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welcome back to squawk alley. san disc shares the flash memory is moving higher after morgue substantien stanley.

due in part to the bullish morgan stanley know. >> in light of the recent icloud hack security has been on the forefront. our next guest is trying to tackle that using two factor authentication which of course requires two ways to prove identity. facebook and g mail. and levy and box and winklevoss capital. good morning to both of you. cameron we were talking before during the commercial break when you found out about these guys and why you made the choice to get in. >> sure. when i got into bit coins several years ago i started to become very security conscious. and i realized that the password wasn't enough and you really need two forms of the authentication. so in the off line world when you go to the dmv or get your passport renewed you are required to have multiple forms of proof.

so basically i started using auth wh authy and i love the product. >> so many different providers of it. and just a few key services people want to secure. whose going to win in this? eventually you can only have so many two factor providers. >> correct. part of the problem we're now experiencing is the fact there is such a broad range of alternatives. what awe thi is doing is delivering a solution that can be used uniformly across all applications regardless of the platform or the device. so you effectively get a single authentication exclusion that you can use anywhere. we think ultimately authy wins because i think consumers will end up rejecting the site by site approach. >> i had an incident over the weekend trying to get into my g

mail on a flight i was taking from chicago. and because i had two factor authentication, when it sent me the e-mail i couldn't get it. >> the use case is a perfect example of why the existing solutions aren't really built for modern consumer requirements. with authyu you have a time based code generated independently on one of your devices so like your iphone. regardless whether it is connected or not the code appears. so effectively when you are going to sign on to whatever application you are accessing you still have the ability to use the strong identification. we built it to deal with the broad range of use cases and i think it is the most mature case in the market today. that's why it's been adopted by thousands of websites and we're approaching millions of users. >> does this predate -- >> with bit coin when you are dealing with secures money, security becomes really at the

forefront. but really, you know, the password is just so vulnerable. and adding a second layer it just becomes a no brainer after a while. so really the celebrity photo scandal was completely preventable and all the tools exists. and in the security community au authy is the standard and it will become the standard. and tuesdaying two factor authentication is like driving without a seat belt. >> this company is competing with google and multiple others and to an extent big companies probably have incentive to lock out some of these authentication services because consumers will become loyal to them rather than the company. as an investor how do you deal with that? >> great question. and i think there are a couple points. consumers want to be able to use one application to access all oaf their sites and use 2 fa for

all sites. they don't want a given solution for a given site because then it's way too much over head. they are going continue to push the innovation and push the application and it really strikes the balance of ease of use and peace of mind. and the google is a great company but google authenticator is not their prime product. it is not what they do all day long. >> bit coin. do you think apple pay bites into it? >> i don't think they compete. apple pay is a closed system. bit coin is inherently open sourced. decentralized. i think they are not super comparable. >> cameron winklevoss, mark, thanks for joining us this morning. alibaba's impact here on the u.s. we'll tell you what the impact means for shareholders of yahoo. >> spoilers of course, i would

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as we wait for alibaba's ipo we wanted to look closer at the impact at yahoo. josh clifton is live at yahoo headquarters in sunnyvale. >> yahoo's ceo marissa meyer now has a problem other executives would only wish for? what do you do with a wind fall of cash? yahoo is going to sell 27% of its stake in alibaba. if that prices at 68, then the after tax haul will be 6 billion dollars, according to the team at b reilly. yahoo is committed to returning

half of that to shareholders. doesn't say exactly how. some want a bigger dividend, a bigger buyback. or you could support the shares looking ahead. what else about acquisitions. she's bought a lot of companies since she took over the reigns here in sunnyvale california. here's one suggestion for meyer's consideration. >> the most obvious is aol. they are a very similar businesses. aol is doing kind of the same things yahoo is in terms of youing franchise in display in video, developing the same advertising stack that yahoo is interested in. >> now, after alibaba's ipo, yahoo is still going to have a 16% stake in the company which it can't sell for one year. >> thanks so much. we'll be watching yahoo shares certainly especially when alibaba opens tomorrow morning.

>> let's bring in simon hams in u.k. and europe. we're seeing some mixed reaction. >> yes. yellen juice bounce. you'll notice grease is still in negative territory. ireland, up 1 1/2 percent. growing analyzed at 7.7%. who know. but the real shocker the fact that ecb only had -- dollars of cheap cash taken nut the first wave of ours it is supposed to pump into businesses. the december offering is probably more important. it is after the bank review and when a lot of other debts become liable. there is a rumor in france it could be downgraded by moody,

the government is dee nighing it heard anything. with yields down, who cares. the big issue is the scottish referendum. be aware if you are going to play it through sterling you will get opinion poll, exit polls around 5:00 this afternoon. so sterling could be excited by then. the other thing is the national bank is determined to keep the capping at 120. we'll see. and nestle, they are suggesting they are going to create 100,000 jobs across europe for the use of europe. they say or the ceo says that the current unemployment rates of 22% or 50% in the likes of greece and spain is unacceptable. take a listen. >> we got very talented young people out there. and i don't think europe, generally speaking, can afford to lose a generation when it is

indebted and aging. >> and perhaps that is a reminder of where we do stand for much of europe. back to you. >> we'll see what happens tonight. thanks. a when we come back as we wait for alibaba to go public, who stands to make the most money in the ipo. one of the earliest investors who got in way back the 2003. and kevin spacey, talking about spoilers, distribution and a lot more you. also got to hear from verizon ceo just said about the nfl. we're back in a minute. when change is in the air you see things in a whole new way. it's in this spirit that ing u.s. is becoming a new kind of company. one that helps you think differently about what's ahead, and what's possible when you get things organized. ing u.s. is now voya.

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the intersection between the nfl story and corporate america continues. we got a posting now on linkedin from the head of verizon. all these questions how it affects their brand. will they or won't they pull advertising. in his words all the questions are beside the point. quote we intend to use leverage and leadership to keep the dialogue going on. an issue tucked behind closed doors way too long and we'll continue to work to be a voice for change and for good not just for the league but in the society as a whole. comes on the heels of the withering language last night

calling the behavior disgusting. >> he goes on to promote hope line which is a program verizon set up in june where people can call and get help if they are suffering from some of these issues. >> it is easy to register disappoint disappointment how but how many dollars do they put behind real programs to help address this. >> the fact it's crept to the top office says a lot how they are handling the issue. more to come i'm sure. in the meantime chinese internet ipo alibaba could back the largest traded in history tomorrow. which other investors plan to cash in as they go public? one of the earliest subscribers. back in 2003. good morning. >> thank you for having me. >> anybody who's studied the history of this company and we

are all getting up to speed knows that in '03 it was not the company it was going to be today. what convinced you it was going to be here in the long run. >> first the explosive nature of china in 2000. when we started the firm in 2000 we saw the level of entrepreneurs and investment, the level of growth was staggering. that was one factor. the second was jack ma and the management team of alibaba. they had a very different management style and ethos and the ability of jack to attract high level talent early on was really impressive. >> the hardest thing for me is figuring out all the different areas it is in and how it is organized. do you feel confident that you understand the structure of this company now which was very different from when you put your money? >> it's very similar to many chinese companies and almost akin to what google has been doing here in the u.s. one main business which is

immerse a e-commer e-commerce. and there is a lot of revenue derived from that. at the same time it's testing and pushing out a little like the art of war in different areas and growth opportunities. digital media, advertising, gaming. i think it is a good strategy to figure out where the soft spots are in the market and go after those markets for growth. >> there is a thread that's emerged as people are telling the story of alibaba and ja jack ma's willing to invest in spite of investors. did you have that experience as an early investor? >> it's very similar to many companies that you see here in the u.s. where founders try to maintain control over a long period of time because they want long-term decisions rather than short-term. obviously we were comfortable with jack and joe from the early days and trust them implicitly to make sure that shareholders are also taken care. and i use the word "also." they feel customers and employees and shareholders share a common bond in terms of making

sure the company is running well. they put all three in e very high priority in terms of how they run the business. >> shareholders are not only taking care of, you will be paid hand somely when this company goes public and you choose to sell out shares. some early investors have no lockup. does that include you? and when would you plan on beginning to sell down some your remaining position in alibaba. >> obviously i can't comment too much on that. but we are very excited about the opportunity and we look forward to be long-term shareholds of the company. >> initial investment, 30 times? >> it's little more than that. but so far, so good. we had to sell a pretty major stake early on when the yahoo transaction in 2005. >> and are you -- the

opportunities they have available to them growing and investing outside the country. >> china growth is still staggering. gdp, spending per capita, consumption is one tenth of the u.s. so there is a long way to go. the second is global expansion. and you are starting to see that here in the u.s. where alibaba is starting to make its presence known by making investments and acquisitions and so on. and you will see a large global presence for alibaba. and the third is the vertical expansions into other markets like digital media where they made investment in other companies. and you will see these vertical expansions. so there are three areas of growth. we are really excited about all three. >> your crystal ball has a decent track record. are there small companies you are putting your money into now

or countries with good start-up investments? >> we only focus on u.s. and china which are obviously the two most important tech markets tight now. other areas we're really excited about is the mobile opportunity. mobile is changing the world. it is giving people access to the internet and resources they have never had before. one of the main reasons why e-commerce has grown so much in china is for the first time consumers in second and third tier cities have access to the internet and access to products they never had ability to purchase before. so mobile is changing the world. globally. >> give us a couple names. >> so, you know, companies like house which are another companies focused on e-commerce and interior design home decorating is a very strong company. we're very excited about wearable spaces. companies that make wearables for pests for babies even for security. so those are some areas we are

really excited about. >> we have had audi on a couple of times f f we love here. please come back hany. >> thank you so much. >> when we come back, plus make sure you keep it here, kayla goes toe to toe with kevin spacey of house of cards in a minute. and rick santelli, what are you watching today. >> winter spring summer or fall, you've got a friend. james taylor song. do position, do traders, do people on this floor really have a friend in the fed? well i'll tell you what. we're going to answer that question and it is really all about timing. but with regard to when? the timing to hear me is right after the break. ♪

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run the numbers on that. well, unlimited talk and text, and ten gigs of data for the five of you would be... one-seventy-five a month. good calculating kyle. good job kyle. you just made partner. our best-ever pricing on mobile share value plans for business. now with a $100 bill credit for every business line you add. coming up at the top of the hour, stocks at record highs on a fed fueled rally. and your playbook. the biggest ipo ever starts tomorrow. plus the man who once controlled the biggest ad budget in sports on whether companies should bail on the nfl? >> #tbt on this throwback

thursday. the original amazon kindle. here it is. debuted in '07. sold out in five and a half hours. last night they unveiled a half dozen new tablets from a low end ereader to this hdx tablet. they reached sony level proportions in terms of the number of new products rolled out every day. >> yeah and i tried to press one of the vice presidents on exactly how many kindle tablets they have sold. he said i believe we just said tens of millions for the first time. he would know. so that suggests they have at least passed 20 million sold. but to me the two models to note are the $99 hd, 6-inch. the fire hd 6 inch and the kids edition which is 150 bucks that comes with a two year no

questions asked replacement guarantee and a year of the subscription service for kids. the value is kind of amazing but it is unclear in this era of hardware whether they are still going to sell that well up against the marketing juggernaut of an apple. >> they are camie ining claimin close as you can get to a actual book. >> the high end ereader with eink and 300 pixels per inch. it will adapt to the lighting so the page will yellow a bit even. makes it attractive. >> how long till we tbt to the fire phone? >> they have some work to do there and a different model from this. these compete with the ipod in a way more than the ipad. the fire phone is competing with tough products. >> preorder last night. delivery in october. we'll see. let's get to the cme group and rick santelli.

>> good morning carl. we all saw the statement yesterday and the one line that it is likely -- it is likely will be appropriate to maintain the current target range for the federal funds rate for a considerable time after the asset purchase program ends. there was a big debate on that. no debate when you were watching the markets. of course they jumped all over that and many could argue janet yellen walked it back and made it more data dent dependent in ore subsequent press conference but it's really hard. that was a time we had greenspan ea ise, the language of the greenspan. i just don't know that i can follow some of this new transparen transparency. i'm not sure how transparent it is. but one thing reigned supreme. actually two things.

central banks are here to stay. and i was a little bit surprised. there was an epiphany here on the cme group when traders found out that the cme was offering liquidity rebates for central banks to use their markets. i don't understand why that would make traders get outraged. central banks, what about quantitative easing? have they not been keeping with our programs or the bank of japan. they are here to stayed and they are trading markets. i'm glad quantitative easing is ending and on record i think it is a form of nationalization or socialization of the markets. i think there is something inherently wrong when a quasibrand agency -- whatever the fed. it is not in the constitution. it came in 1913. whatever it is, that quasiagency buying from the treasury on debt and holding it to me just doesn't seem right but that is ending. and now the new mantra among many of the quote unquote experts is the fed is going to

raise rates. the timing doesn't matter. oh yes it does. this is a trading floor. can you imagine if you are short after the may 2013 in treasuries that took you to 3%. if you are short after that you didn't make money. it is all about timing. so winter, spring, summer or fall it is hugely important if you have positions in my market. are price to earnings accurate? is any of this accurate discounting short rates or bonds if you never know until the market makes a move. but the market has disbelief and timing is everything if you have position in the markets. >> and dodge that never grows old. kevin spacey in ultrahd. the new way to bring bring the drama of house of cards to your living room. next if energy could come from anything?.

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approximate o be one of the first shows to air in this format at such a high resolution. kevin spacey had something to say. >> i think it's been remarkable in many ways it is the audience that has dictated our success. certainly by the way in which the manner which netflix has released had series, it was a first in that there had never been an entire season of a series that had been given all at once. not all of those decisions were made at once. we went to reed. he can't come to us. we had an idea. we pitched it to all the networks. netflix is one we specific i wanted to go to because i felt that one of these companies that had made a gazillion dollars in providing content, if they wanted to compete they were eventually going to get into the business of producing their own conte content.

so we were very excited when of all networks netflix was the only one that didn't insist we made a pilot first. they took a big leap saying we don't need a pilot. how many do you want to do and we said two seasons and they said okay. >> is it 70, the 80s. >> if tv were stuck in the 70s you wouldn't see the pioneering and remarkable broadcasting and incredible characters that have come out of television in the last is a years. maybe there is executives stuck in the 70s but i don't think the talent is. >> how do you consider your media? you don't have a 4 k tv yet. how do you get your content. >> i get it from a lot of different ways and it is fun to get nit a lot of ways and there are different things you like. there are some things i'll look at on my iphone but others an a pad or a computer.

i want to see it on a big screen. i depends on what it is. and it's even true like when fly handgun ing in a plane and there are some movies that don't work on that little screen. >> unfortunately no spoilers for season three of house of card. he said he was bullish on netflix's rollout in europe. and especially seeing traction in france with house of cards. that's what kevin spacey had to say in netflix and working with them in general. but because it was an lg event we also got access to talk about the technology of 4k and when they expect to become common place in the u.s. here is what they said. >> i think the display quality and content speaks for itself. this is a great value for consumers. and this is a way of the future of getting this great content. >> and as far as tv hardware goes,k goes,4k is adding value. people are responding to larger

screen sizes and with that it's natural to want it in 4k. >> thanks for letting us into the event last night lg. and that 4k tv, 65 inch, $10,000. so this is a niche market. even kevin spacey doesn't have one yet. >> maybe he does this morning. >> he joked about taking one out of e haven't last night. i don't know if he got out of the building. >> he did have issue with tim cook saying the tv watching experience is stuck in the 70s, more that the content better than it was. >> he basically did say the fact there is a network, if you can call netflix a network that was willing to take a gamble and package content in a different way that in and of itself shows the watching experience is not necessarily struck in the 70s, if they are willing to innovate and do something different and it works. >> i think it's interesting the artistic forces that pushed through the obstacles. it wasn't management leading the way saying come through us.

they said we are going to find the channel we think fit ours artistic purposes best. that is different. >> and they are still in the process of shooting season three of house of cards. they have been doing it in maryland all summer. i asked what 4k would look like. he said you will see every one of president underwood's blemishes. so you will get that. it is your last chance to decide which kick starter project you would fund. this week in wearable tech. jolt alerts athletes to potentially harmful head injuries on the field. up against digitsole. it is our closest race so far. so vote cnbc.com/tech crowd. tomorrow we'll reveal the latest tech crowd winner. >> lining to get up before heading to work? a new survey says 10% of americans have gone to work stoned. e

financial noise financial noise financial noise financial noise

yearly 10% of americans go to work high. according to a survey conducted

by mashable.com and partnership with survey monkey. newest member of our team kay rogers writing that up. nearly 81% said they score their drugs illegally. and according to employers 10% of small business report employees showed up under ta controlled substance. >> a survey by peter thiel found that number as high at 90% at some companies. not naming names. >> squawk in the morning. dick costello's response on twitter and of course by night snoop dogg weighed in asking whether he would work at twitter. >> and snoop dogg and others made many appearance to the twitter offices. so we don't know if there is

firsthand experience. >> that story definitely became full circle as the day. dow closes at new highs. same for the s&p at 2008. the return from scotland should be coming in of course alibaba tomorrow. >> plus apple is going to sell some iphones i hear. >> let's get to wapner and the half. >> welcome to the halftime show. let's meet the starting lineup. stephanie link. pete and john nigerian are co-founder of the option monster. joe cheranova and dan greenhouse. we do begin with the aftermath, the day after one of the most important fed meetings in recent memory, one that left investors feeling good. stock continuing to all time highs today. what to do