in flight wifi go go spiking on words that at&t no longer plans on offering a competing service. thank you so much. that will do it for "power lunch." >> "street signs" begins right now. from a $10 billion bio tech to bankrupt and a fund that you own probably owns it. what one company's cautionary tale can teach you about investing. does alibaba make a great investment. and the bicycle that goes 200 miles per hour and we have video to prove it and it involves rocket. >> new records for the dow, s&p and transports. since there is not a whole lot

of movement threalet's focus one numbers. the dow and s&p tacked on over the past three weeks. the best performance since october of 2011. kind of crept up on us. >> those are good stats. your lead story, president obama is in china, trade a big part of the focus. the president making remarks about the pro democracy movement in hong kong. john harwood joins us with more. >> whenever a u.s. president meets with his chinese counter part security is on the agenda. the president is in the region for the apec summit meeting and made clear his principle purpose is expanding commerce. >> as president of the united states i make no apologies for doing whatever i can to bring new jobs and industries to america, but i have always said

in the 21st century the pursuit of economic growth, job creation and trade is not a zero sum game. one country's prosperity does not have to come at the expense of another. >> very interesting choice facing america's asian trading partners. the united states as part of the president's pivot to asia is seeking a regional trade deal that does not include china that would involve pretty aggressivive lowering. china allowing some local industry projection. how that resolves over the next several months and years will be an indication of where the united states goes with that pivot. >> thank you very much. how will president obama's wishes really ease the barriers between the world's two largest economies, the u.s. and china? what does it mean for trade? forbes economist joins us now. great to have you with us again.

china becomes commercially involved around the world, one would expect them to play by international rules. to what degree are they not willing to do that? to what degree do they want to rewrite the global rules? >> in 2001 before they joined the world health organization the ruler at the time talked about following the rules. today ping doesn't talk that way at all. he talks about re-writing rules. that is really the narrative right now for china and especially since 2010 we have seen a serious deterioration in the way china complies with trade obligations. there is growing skepticism around the region which is one reason why the trans pacific partnership deal was written with constraints. >> are they in a position to enforce their clout in that way? i would say their economy is in a pretty precarious position. >> in reality it is growing 1%

or 2% and accumulating debt at about a 15% clip. arithmetic will tell you they are headed to a debt crisis. being excluded from the tpp deal will cost them about $100 billion a year in exports. that's real money for an economy that relies on exports because consumption and investment are sagging. >> you see potentially a japan-like experiment where they maybe devalue the currency to try to boost exports. now you have the u.s. complaining even more loudly that there is an unfair trading platform. >> certainly. china's future is very much like japan if it's lucky which means two decades of recession or recession-like stagnation. china probably has a crisis on its horizon because they defer

the crisis in 2008 with the massive stimulus program and added an amount of credit in the banking system equal to the u.s. banking system. they have to confront that imbalance. i don't think they have the ability to do that. they can postpone a reckoning but can't change the direction of the economy. that means that there is going to be a crisis in china. >> do we know what the allegiance -- even as president obama was arriving in beijing they basically are signing off on a second massive gas deal with russia. >> china and russia are molding their economies together very much like the security policy and other policies. you are starting to see a new alliance between moscow and beijing. the russian economy is in serious trouble. it's probably going to be 0% growth this year if oil prices continue to plunge. china which is 1% growth in the manufacturing sector they are not going to be needing the oil

and gas that they are buying from the russians. it will be interesting to see what they play out between the new emerging partnership. >> thank you. it is tuesday, november 11 in china right now and thus it is the biggest online shopping day of the year because it is a day known as singles day. it is a big gift giving event and a big deal for alibaba.com clocking $1 billion in sales in just the first 17 minutes of their tuesday. how important is alibaba to the overall chinese economy? steve liesman has been digging into that. we tasked you and you said i will do it if it kills me. you are still here. >> here is the thing. the big news i found not that chinese retailing is bigger than the u.s., not that china so much

more to grow it's that so much of internet commerce in china is alibaba. the company controls 80% of chinese internet sales. while comparisons are made to amazon or ebay forget. the real economic comparison is to a company like microsoft, apple or boeing. these are companies in the united states that when they do something they move the gdp. here are facts to chew on. online sales almost three times combined online sales of ebay and amazon. the market capture is 3.4 times. internet penetration in china 46% versus u.s. 87%. here is the result. alibaba has three ways to grow. first chinese growth even though it is a bit weaker remains more than double the u.s. rate. second chinese consumer spending. growing as a percent of overall economy. within that internet retail

spending is growing as a percent of consumer spending. so domestically in the united states amazon and ebay experienced modest overall growth and a market where consumer spending not really growing but internet commerce is growing. i'm going to leave to others the brighter minds, the issue. do you buy alibaba stock? and also this issue of the complicated corporate structure. >> we can't understand them. >> the company has an 80% market share in a growing economy in a sector growing as a percent of the economy. that means as we saw from the 17 minutes of singles day -- >> that is a point. >> imagine you wake up and don't want to get out of bed. >> who needs 50 chainsaws?

>> it is important, chinese economy. what is the political risk? >> it is all political risk. >> how much state backing does he enjoy? >> you can be golden boy today and then what happens to the company? >> these numbers scream investment. i have to own the stock. the corporate structure, the political connections. the other main question for alibaba, can it maintain the dominant market share? as the economy grows it is going to grow too even when other competitors come in. it is the one knock on the company because even it can't grow penetration i don't think beyond 80%. >> we are missing perhaps one small thing. the economy is growing at 1%. based on the banking system which is completely unsustainable and potentially

the biggest government-led ponzi scheme of all time -- if that is true -- >> i don't think that is true. >> you get my point. >> i don't think it is 1%. >> it is not perhaps as much as they say it is. >> we don't know. >> exports to hong kong are way bigger. you can't have that. >> being in hong kong the apartments were unbelievably expensive. let's not forget, gross national income, china $6,500 u.s. per person per year. $6,500 a person is what the average chinese worker urnz. that ranks about 100th in the world. that is an extremely developing

market. >> if they do the right things there is incredible room to grow, enormous low hanging fruit. >> how are people affording everything? >> those who are moving from the very low base to the upper base. >> they are not moving. it is $6,500 a year is the average. >> it's all about ponzi scheme? >> i'm not saying that is factually correct. this is the other argument which is china is still an incredibly poor economy where people make less money and half the work. >> i like the three ways to grow that the economy is growing, consumer spending is growing as a percent of the total and internet spending is growing as a percent of consumer spending. you remember aba, two chances to make three. >> i remember abba. >> i'm dating myself. >> thank you so much. never kill yourself for us. >> you guys ask, i jump.

>> be sure to catch really huge and exclusive interview with alibaba founder, the golden boy himself, richest man in china, jack ma on cnbc tomorrow. david faber will be sitting with ma. the third greatest divorce settlement in the united states just happened. texas billionaire, how much -- >> he is oklahoma. this is oklahoma court. he is worth $17 billion. the thinking was if she were to get close to have of that this could be the largest in history. in fact, it was just under $1 billion that she will get. she will get $995.5 million with $322 million to be paid by the end of the year and the rest in installments of $7 million per month for over the next 7 1/2

years. sue ann received 25 million in 2012. the judge will put a lien to make sure he is going to pay this. this is the third largest that we know of. first largest was rupert murdoch. that is two divorces ago for him. this comes in at number three at just under $1 billion. the issue here was how much of their marital assets were due to his work in which case she would get a share of that versus luck or just context. so he had the strange position of arguing throughout the trial that he had very little to do with the success of him and his company. it looks like a billion dollars is nothing to sneeze at and he is down to his last $16 billion so things are going to get

tight. >> i have to feed my family. how is he doing it? feeding them hundreds for breakfast? >> clearly the judge did buy some of the argument that she is not entitled to half. >> had nothing to do with my business acumen. it was all luck. i suspect the circumstances of the statement probably had something to do with the content of the statement. >> one last thing to mention. the corporate attorney was very involved in the trial which was raising questions. some say there will be a guaranteed appeal. she may be happy with her billion but given how much the general counsel for the company was involved in the personal divorce very sort of unusual. >> possibly another chapter to come. >> it was worth $9 billion just 4 1/2 years ago.

now the company is bankrupt. how did dendreon get it so wrong? >> herb greenberg is in the house with questions. to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial.

this chart says it all. dendreon filing for bankruptcy protection coming after a potential blockbuster cancer drug failed to live up to

expectations. the senior bio tech analyst reiterated a sell rating this morning but has been negative on the stock. you told us you were one of two analysts who had a sell rating on. what did you see? this is a $57 a share stock 4 1/2 years ago. >> when you look at today and you had what can be the final nail in the coffin for the company that had $26 million looming in convertible debt and the plagues that swept the company that went back to the committee many years ago during that advisory committee meeting they changed the questions while the voting was going on. so it really confused investors and the street and doctors. and then when the drug was approved and this was their ultimate failure doctors weren't ready for the drug because physicians didn't know how to use it.

they didn't know how to use this very novel type of therapy. >> what do you think happens from now? do you think it will exit as a stand alone company? >> i believe it will be a stand alone company. they would be hard pressed to find a buyer. many people that were hoping dendreon would succeed was hoping that they would get a european partnership. we were saying that wasn't going to happen for quite a long time. the common shareholders will get essentially cancelled. >> if it does exit as a stand alone company wouldn't the problems it has now still exist? and fundamentally isn't the business not profitable? >> absolutely. they wanted to have cost of goods around 30%. they are plagued by about 50% cost of goods. they are trying to automate the manufacturing process for quite a long time. they have been having issues with that. the reason they raised that money in the past was to have

all of the massive manufacturing facilities and then that just -- >> okay. i will counter a little bit. let's point to the good news. i go to look at the balance sheet, the $300 million in sales. it was down. they had lost but the loss dramatically narrowed. if you look at the balance sheet and the income statement on its own it didn't look that bad. >> at face value you are right. we do have $300 million of peak sales in our model. one of the reasons is because around the time the drug was approved the competitive market in prostate cancer blossomed with the approvals. >> how does a company go from $48 million in annual sales in 2010 to $300 million in annual sales this year expected and go bankrupt? most do this. you are not selling stuff is the

problem. >> we don't expect sales to go much higher than the 300 million per year and you did have the looming 600 plus million debt. >> that has big implications for other companies. >> absolutely. that has been a big focus of mine for almost 15 years now. this was a year novel product. first cancer vaccine approved in the united states. you have to look at the fact that there are multiple therapies hot for cancer. we just came out of the society for immunotherapy this past weekend. you saw the check point pivoters at merck. vaccines coming out of the last conference are something that investors and physicians are looking for to be a key main stay for therpapeutictherapeuti we have another guest who is a health care investing veteran

who stayed away long before the company's crumble. health care portfolio manager. the question is basically the same that is if you think staying away for quite some time what did you see as a warning that perhaps others on wall street did not? >> the most obvious they raised a lot of debt and a company with negative ebida is not able to service the debt which is a warning sign for other bio tech companies with debt. if you raised equity it might be a different story. even on earlier stages in terms of diagnostics have changed. so the world changed on them and

they were overlevered. >> do you say it is a cautionary tale of others who have taken on debt. what others are out there that we should be worried about? >> i would say as a general rule any company without revenue and with debt is at risk of a bad outcome like this. >> that's a lot of them. >> there is a lot of risk in bio tech. investors shouldn't just look at the income statement but at the balance sheet even with prerevenue bio tech company. >> it's a good fundamental economics lesson that you are giving us but at the same time didn't you just eliminate all blockbuster companies. you have to start from nothing and grow it into something which means you will probably have debt especially if you have to build something like a manufacturing facility. >> let me just disagree a little bit. there are a lot of ways to raise capital. raising debt is one.

raising equity is another. and while it is -- at least you are not at risk for bond holders to come after you with bankruptcy. saen certainly, we have seen many more in terms of equity over the last year and year and a half. >> it is super cheap to issue debt right now. that is the reason i bring it up. >> it is cheap to a point to reissue convertible debt. i would say what we see is a lot more in terms of equity offerings as opposed to debt offerings. i think a lot of issuers have sort of learned their lesson that although seemingly cheap comes with costs and consequences down the road. if timelines and competition move which they always do in health care. >> thank you have joining us.

so is there a bigger investing lesson in dendreon? biggest shareholders are passive investors. big etf providers as the biggest three holders. joining us on the set, herb greenberg, cnbc contributor now with his new -- >> still with the street.com. >> forget it. let's move on even though you posted it all over social media. let's move on. >> apparently nothing to see here. >> here is the plus. we talk about active versus passive. people who promote passive say you can never beat the market. passing is cheaper. i understand that dendreon is not going to bring etf or index fund down. is there a bigger lesson about how passive investing can be risky because index funds didn't

know that the company was trouble? >> so they were part of the funds and part of the etf. i think in this situation as a fund it's like a secure mortgage portfolio. you have good mortgages and okay mortgages and the bad mortgages. those bad mortgages were taken care of by the good mortgages. same thing with the passive. >> i have certain words ringing in my ears that you told us many times before, know what you own. >> you take that with an index. index is so many stocks. if you look at the various funds out there right now. you look at the bio tech index, it was up today and has a very similar part of this. dendreon wasn't part of the s&p bio tech index. so back to this. you get as a passive fund you

get it all. you have to take it. it is not going to bring it down. by that point you would owe. by the way, if a big company comes under fire -- >> let me ask the same stupid question a different way. i asked it too long and it didn't make sense to me even to me. i'm hopped up on day quill. >> at least it is not niquill. >> that's later. have we under estimated the risk to passive investing? because the market has done so well it was like buy the market and let it ride. forget about it. you will never beat it. >> that is the case with index investing. it is only as good as the index is itself. in general i think one bad stock one bad day isn't going to make or break an index. i would argue a little bit on the other side of where you are going with this thing. i know exactly where your head is on this thing. >> you do? >> yes.

>> i look at numbers here. 80 companies of the s&p 500, maybe a little more are up more than 20% year to date. s&p is up about 8. you bought the index i'm not advocating active investing but i'm saying it has been kicked around for a few years. >> in a bull market why wouldn't it be kicked around. you buy the index depending on which index. >> good to see you. you going to be with us all week? >> i will be here. >> the week of greenberg. get ready to break out the fire wood because a cold blast is taking aim on a huge part of the nation. we will tell you how it could impact the gas prices ahead. ahead, five analyst calls for your portfolio.

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well, knowing gives you confidence. start building your confident retirement today. brace yourself, america, because a blast of freezing cold air is about to descend on a huge part of the nation. some people are expected to see the coldest temperatures of this season with only florida, hawaii and the southwest expected to be spared. right now more than 7 million

residents along the canadian border are under winter storm warnings already. >> minneapolis possibility of a foot of snow. almost a third of a meter. >> your foot or my foot because it is a big difference. natural gas prices climbing. futures up more than 7 bacterial in the past week alone. natural gas up 24% since last october. gas at the pump continues to fall. aaa says national average for gasoline at $2.93. somebody tweeted us a picture of gas at $2.17 a gallon. i think it is photo shopped. >> that felt a little low. >> if it is real send it. >> it looks like a silver lining. >> the world's fastest bicycle sort of. video you got to see to believe.

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i'm just looking over the company bills.up? is that what we pay for internet? yup. dsl is about 90 bucks a month. that's funny, for that price with comcast business, i think you get like 50 megabits. wow that's fast. personally, i prefer a slow internet. there is something about the sweet meditative glow of a loading website. don't listen to the naysayer. switch to comcast business today and get 50 megabits per second for $89.95. comcast business. built for business.

time for something we do every day this time. it is called street talk. we are doing analyst stocks we need to know. a rare upgrade. >> analyst checks suggest some people are expecting so you like the fact that target is more on offense as opposed to defense and target is 76. i think it was on "fast money halftime report." >> and analysts boosting target on pulte. they see 25% upside to the stock. get this. up 17% and 7%.

>> and the ticker symbol is backwards. this is interesting. so deutsche cuts from sell to hold. the target down to 225. that is about 10% below the current price. most disagree the average rating is overweight. and average price target is 261. somebody is going to be really wrong. >> our under the radar name of the day is -- >> he has talked about this company, too. this is that gluten free company based in boulder, colorado. boosted the target from 14 to 11. the average target of 13 on the stock is $12 a share. everybody but herb greenberg is bullish. >> most people don't need gluten

free unless you have celiac. >> clearly everybody disagrees. now to "talking numbers." our daily look at a stock from a fundamental and technical perspective. todd, nice recent bounce off the low for mcd. looks to my untrained eye like long term down trend may be in tact. >> the mcdonald's is a little bit of trouble facing pressures from two end. the push towards a more healthy diet in the u.s. will pressure this. i will try to get my twin boys as far away as i can. internationally speaking we have a u.s. dollar rally going on being that mcdonald's derives 15%. the dollar uptrend as the fed is beginning to move towards policy normalization will impact mcdonald's. as we move down to technicals.

we see the 2014 down trend is facing resistance from a one-two punch. we have a long term line matching up with 200-day moving average with the strengthening dollar and mcdonald's below the level i think it is a sell. >> very bearish from mcdonald's on the technical side. i it's a bit of a treat. >> his kids are 13 months old. >> never too early to start. >> they can gum them. what about fundamentals? >> i agree. there is no reason in my opinion on the talk here at all. you are paying roughly 17.5 times next year's numbers for no growth. you look at october comps. they absolutely beat expectations. they are still losing significant share. especially in the u.s. where they are under performing

industry trends by roughly 480 basis points. i think the street is assuming they come back to a positive count sometime around january. there is nothing really pointing to the fact that they are going to get there. in my opinion you stay away from the stock and the fact that there is no long term visibility and the issue in the u.s. and continue to haunt them for some period of time. >> that silver lining doesn't really exist. >> i don't think with the health. mcdonald's i understand, the stocks, performers like jack in the box, people that have burgers that are far more caloric and fattening than mcdonald's those stocks have done great. >> and even chipotle. >> i don't blame it on the health thing. i think they have fundamental issues. >> people want something new. >> double-double. >> triple bacon.

>> thank you, guys. thank you very much. be sure to check out the online edition of "talking numbers." up next, super computers. are they a huge benefit of the economy long term. we are going -- >> the president speaks and cable tv stocks go down and we'll tell you what he says and what it means. stay with us. tdd# 1-800-345-2550 [ male announcer ] your love for trading never stops, tdd# 1-800-345-2550 even on the go. tdd# 1-800-345-2550 open a schwab account, and you could earn tdd# 1-800-345-2550 300 commission-free online trades. tdd# 1-800-345-2550 so when a market move affects one of your positions, tdd# 1-800-345-2550 schwab can help you decide what to do. tdd# 1-800-345-2550 with tools like free live-streaming cnbc tv tdd# 1-800-345-2550 that give you the latest financial news and trends. tdd# 1-800-345-2550 and bubble charts and price charts that let you see exactly tdd# 1-800-345-2550 how market activity is affecting your positions.

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visit pnc.com/wealthsolutions to find out more. there you go. crude oil prices finishing up down 1.7%, $77.31. crude oil starting to pay higher, ending the day lower, gas prices -- >> the new wave entrepreneurs doesn't work out of garages or basements apparently. the new trend is renting shared office space, companies like rent it and buzz feed to name a few have operated in co-working spaces. explain exactly how this works. >> it has become like the

movement. it has entrepreneurs working and it is the leader in the fast growing industry changing the way startups and smaller companies do business. the company has grown from nine locations a year ago to 21 today and plans to expand to 60 locations in the next 12 months. it has more than 15,000 members, about 5,000 businesses which have added some 6,000 employees in the past year alone. a sign of the small business bubble ceo says not at all. >> have not had access to cheap capital. people think we work as very high technology companies. it's not true. only 20% of our members are in technology and only a small portion are backed. most companies are real businesses that have real cash flow that either had four or five employees before and were working from their home or starbucks or a back office of someone else's company and

understood that by coming into the space and being a part of the community they are going to do much better. >> free wifi, security, coffee to beer on tap. with the mobile app members can get access to health care. with this kind of growth we work has grown. a recent $150 million round of funding valued the company at $1.5 billion. thank you very much. good to see you. google, the nsa and startups are in a race. the first one to build one will be able to monitor nearly all traffic in the world including financial transactions. according to our next guest when someone flips that switch you could be looking at serious

economic disruption. joining us from exponential medical conference. how close are we to a real honest to goodness quantum computer? >> well, i don't know if anyone knows how close we are. there are people who debate whether it is possible or not. the research labs are produced very, very simple results and have been shown they can do it at a large scale. if they do it at a large scale it will be able to solve specific and important problems. >> it sounds like it would be the skeleton key. anyone who can unlock this can have access to all cyber security in the world. you better hope the person who does that is a benign entity and not a hostile entity. >> it turns out we have built the locks in all of our computer security systems by depending on the fact that a certain problem, a math factoring problem is very high.

because it is very hard we don't think people can crack our lock. if it does it will know how to get through the locks that protect the web traffic and financial traffic that goes on and would be very serious. if people are worried about this they need to start thinking about redesigning the security so that they can be immune from the attack. >> i'm not going to pretend i know a lot about the subject so please put this in plain english. i know we need a number of circuits on a microprocessor to be measured on an atomic scale. is there a next hurdle we have to cross to even make quantum computing a reality? if so what would that be? >> the real world is actually based on quantum mechanics. we see a physical world with billiard balls bouncing off each other. underneath it computers that we have today using what you might consider ordinary rules of the big world.

quantum mechanics are the real rules of the world and people hope you can do computation with it. it is an entirely different kind of computation. to understand it probably takes a degree in physics. some people speculate it is like tapping the power of multiple universes in order to use the power to solve a problem. a full versed computer would be able to calculate things that a computer the size of the earth, the size of the universe built in the old way couldn't do. it is two different things. >> my mind is officially blown. next time ask a question in english. >> you mean to say the entire universe could be inside of a cell in our fingernails. >> fiction would say something like that. there are actual theories that physicists take seriously although we would never interact

with them. it is just a hypothetical. it is not something you can change your life with. more very complex unfortunately, but more the idea that in quantum mechanics it seems particles do more than one thing at a time. they hold more it seems as thou particles hold more than one bit of information at a time and that's what quantum computing tries to explore. the important thing to understand is what problems might be solved for a quantum computer and what does that mean? edward snowden revealed that the nsa has a project to build a quantum computer like this. fortunately he revealed or didn't reveal that they had one or at least if they have one that wasn't in the files he had access to. if they do, they would unlock all of those locks. >> no benign entities comment which we noted. brad, fascinating, actually. >> yes, it is. okay. for more, if you want more,

check out cnbc.com/techdrivers. we have the answers for you next. a french guy, a bicycle and 200 miles per hour. all in the same video. physics required. we'll show it to you. stick around. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present.

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cable stocks hit hard after president obama asked the fcc enforced stronger net neutrality rules for the customers to decide what they see on the internet and not the provider. amy yung joins us. thank you for joining us. what do you think the ftc will do in this situation? >> yeah. i would say a lot of investors we talked to are surprised by today's announcement. i think at the end of the day the ftc really proposed an interesting reclassification or light classification of broadband for a hybrid version where there's going to be some sort of regulation on the

commercial side. but really you're leaving the residential customers alone. >> is it possible that the stocks are overreacting? because if if they do act in this situation, amy, maybe it takes quite a long time to actually get anything implemented. i would imagine there's pushback along the way. >> a lot of pushback and not too surprising that charter, at&t, time warner cable have come out and said something kind of against what obama is proposing. i think it takes one to two years at best if there was going to be a reclassification of broadband and a lot of m & an activity in the area. so there's a lot at stake here. >> yeah. in fact, we focused on the big names like comcast, our parent company, public stocks and what you cover, as well. there's more than 50 cable xaenls regionally around the country. what do you see happening with those? there's family-owned operations.

>> you're right. i think when's interesting is comcast and time warner cable, if and when that merger happens, they pass through two thirds of homes in the u.s. and still a lot of companies like media com, cox, in the hands of private families, and regulation would hurt them. >> what's the best outcome for us, the consumer, amy? >> light touch and what's current state or the proposal of the chairman which is a light hybrid version of title i and ii and some regulation on the commercial side and not leaving -- you're leaving the rez didn't shl broadband service alone and best for the consumer. >> thank you so much. interesting thoughts. >> thank you. >> all right. a race between a bicycle and a ferrari. guess who won. result might surprise you. video next.

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now you and your ameripise advisor.... can get the real answers you need. start building your confident retirement today. this is the world's fastest cyclist. kind of. it has a rocket engine and still hit 207 miles per hour in just 5 seconds. obviously a new record for a bicycle. he also -- mandy, it is amazing. i would never do it. he has guts and not really a bike. it's got a rocket. a rocket on two wheels. >> yes. >> maybe has pedals.

>> a lot of protective gear to fall over. >> the fact he stayed upright, 207 miles per hour, i mean, the wind buffeting has to be insane. kudos to him. >> thank you for watching, everybody. today even though the index not showing much movement, a little bit here and there it's record highs for the s&p and dow earlier on today. >> have a nice day. "closing bell." a rocket on a bike. a bicycle built for two, by the way. >> look at that. in tandem. welcome to "the closing bell," everybody. i'm kelly evans. >> i'm bill griffith. we are positive for all the major averages but not by a whole lot and likely not in the cards for the cable stocks. that group hit hard because of the president saying today in