francisco. 11:00 a.m. on wall street. "squawk alley" is live. welcome to "squawk alley." jon fortt, kayla tausche. and dow breaking a the winning streak and also twitter. the investor day kicks off in little less than an hour. and shares of the company down about 20% over the last month. down 38 for the year.

jon fortt, the discussion today involves whether or not dick has a job at twitter in the near future. >> and the tough thing is i don't think there is anything he can say that is going to change things that much. he started talking about this whole not logged in user thing that has people going for a loop. and the main issue here is growth. it's user growth. the product. and unless he unveils a new product here. i don't know how much the conversation changes. maybe he can explain this focus on users who aren't logged in in a way that makes people feel like he's not contradicting what he said in the past but i don't know. >> with a company so much focused on media and messaging and the way it describes itself, it seems almost imperative for him to be able to streamline what twitter and who users are and it doesn't seem like that's something we might get. it seems to be a host of things for a host of people with a suite of products. and not one real narrow purpose.

>> let's welcome nick bilton this morning. columnist of the "new york times." author of "hatching twitter." one of the people on the planet who knows the company better than anyone. >> don't you feel like the investor day in game of throwns where jofry's wedding? >> who's jofry then is the question? >> that's it. >> anything better than the fight with the mountain. because i can't watch that again. >> yes. exactly. look, i think, you know, the company has a lot of explaining to do with respect to what it is. it is interesting. i was reading, kanter fitzgerald has ten questions i was reading yesterday. and the first was why is this 140 characters as a product? and to most people in the tech world who have been using this

are of course it's 140 characterization characters. but to most normal people it doesn't make sense. and one of the things is lay out the product for the future. and whether these things are going to stay there in the future. >> do you think if it diverges from that 140 character model that we'll look at the company and say maybe it is even more confused? >> i think the problem is that it is confusing. i was teaching a class at stafford last week. and there was 100 students. and i said how many students here are on facebook. everyone raised their hands. i said how many are on twitter? maybe a half to a third of the class raised their hands. and that is a huge, huge problem. and the reason is because the product is still incredibly confusing. @symbol, hashtags. all these different things. and twitter has never had a clear product strategy and dick really needs to lay that out. >> nick, what else could they

do? arguably they have their windows and their basic platform. it is 140 characters. they don't have office. they don't have xbox. they don't have a lot of things beside that. unless you count mo pub which they are excited about but seems to be maul smaller for now. what could they do? >> when it comes to the revenue for the company i have no doubt they can do whatever they want to do. i've seen the numbers and concepts of being able to buy things within tweets. that could be a huge cash cow for them. but again the problem comes back to the product. and if you look, i tweeted this last week. you know, twitter, every single person who has run the product department as twitter has either been fired or forced to leave. and that's seven different people. it's been the ceo, and coo and all these different people. and the company really needs to say you know this isn't working.

we have 285 million users compared to 3.3 billion. and we need to do something. >> if we agree this is this problem and it is fixable. whose the savior? >> someone we don't know yet. this has opinion the problem since day one. the turmoil has always been around people thinking they knew what twitter was. and the reality is no one really does know what twitter was. all the founders had different ideas what it was. dick has a different idea from anthony and rigani who just left had. each user sees it differently. so they need to get someone in there and say look, this is what twitter is going to be in the future and how we're going to get new users and not just people who are in media and tech. >> first everybody thought they invented it and then everybody thought they knew what it was. >> we'll find out in about an

hour. also new this morning. at least two top ten yahoo shareholders are so unhappy, they are making a direct plea with -- to explore a merger. they did agree to buy bright roll. a disclosure note cnbc and yahoo do have a business line to share. and co-produce content. >> a lot of that is because of the alibaba. you can't now say yahoo is worthless. apparently it's gained $3 billion in value. >> almost $50. >> if you x out alibaba apparently yahoo's gained like 3 billion dollars over the past couple months. yahoo shareholders have a history of being impatient. the terry semial era. they were mad at him.

in retrospect they had a lot of good things going on. i'm interested in this bright roll purchase. they probably got it because the stocks hadn't been trading so well. it is big in this area of the programmatic advertising video. the question is is it so programmaticized that --. we'll see. one would think and yahoo moving more into programmatic and ad tech by extension might make it an even better fit for aol to merge with. that's been a priority for tim armstrong as well. there logic behind what investors may or may not be doing? >> yeah. and look it's interesting, it is an interesting idea for them to merge. armstrong has been putting a lot of efforts behind video. and yahoo one thing when looking

at advertising t web based ads are going to be down. google is up 17% this year. and brightrol it says okay we're going to focus on other strategies. and marissa has been trying to focus on product and content. and the content i don't think it is there yet. i don't tune into yahoo news to see what video whereas aol has some of that content. it could be a interesting merger to move that way. >> do you have hopes at all, nick, long-term for display? >> i think it's changing. one of the things i find really fascinating is that you have these advertorial products that the next generation of consumers doesn't care about and enjoys. buzz feeds where they do 21 pictures of cats with heinz

catchup. >> alex from target? >> i got to interview him. i spend some time with him. sweet kid for those who don't know, he was a nobody kid working at target and someone snapped a picture of him and he became a worldwide sensation. interesting, going back to the conversation about twitter and investor day. alex from target is an example of the fact that there were millions of the teens on twitter that made this kid into this famous celebrity in about an hour. and so it is an incredibly important platform. and it is not something that is going away. and alex from target is a perfect spokesperson. maybe he should go to investor day with dick.

>> every time you turn your head you are talking about the power of the platform. >> exactly. >> do you find it deeply troubling that turned this teenager, a real kid into a fictional character? what that says about kids and teenagers and looks and what happens on line. >> one is the fact there are have been several studies that have found when you ask kids what they want to be when they grow up, it is not a doctor or astronaut or teacher. they want to be famous. and that is a product of the culture we've created. and then concurrently, the thick i talk about with alex is there is a dark side. his family has had death threats. people leaked his social security number and address. and so this is an interesting cultural question taking place. and will take place more and more. >> always good to see you nick. nick bilton from the "new york

times." >> let's get a check on the markets as well. dow down 65 points. nasdaq down 12, s&p down 7. the markets overall are dealing with a few data points today. you have weakness in europe. also have wholesale inventories for the most recent month that were a little better than expected but you have mixed earnings. outlook as well, nonetheless most major averages in the red this hour. american eagle bucking the trend and rallying after lower expenses. the stock is up nearly 8% in trading this morning. and shares of invidia are slipping.nvidia are slipping. unclear if the claim is true but

nvidia down 2%. >> when we come back, president obama's call for a free and open internet may put him at odds with the man running the independent fcc. plus shares of macy's in the green after third quarter profits topped estimates. tom lee has been hot on macy's recommending as one of his top ten to hold at the end of the year. we'll talk to tom in a few moments and lack of news on websites like our own, google's ad exchange, double click server suffered an outage today. we'll have more on how the publishers will bear the cost. and also the european space agency has landed that rocket on the comet. more when we return. a simple question:eriprise e in retirement, will you have enough money to live life on your terms? i sure hope so. with healthcare costs, who knows. umm...

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sleep number's even got an adjustment for that. give the gift of amazing sleep, only at a sleep number store. where you'll find our lowest price ever on the c4 queen mattress -just $1499.98. ends sunday. know better sleep with sleep number. i even don't dare to watch the stock place. when people you are good you have to be clear you are really that good. when people think you are bad, you have to be really clear. >> so you don't watch it. >> i think let the market take care of themselves. we should watch and take care of the business. >> that was jack ma on squeak on the street yesterday. if you missed any part of yesterday's interview you can watch it on cnbc.com. it was a wide ranging interview. it covered so many topics. david is so great at this format.

it's ashame he doesn't watch the stock. 2.5% today. if it moved another 2.5%, a $300 billion market cap. >> 120.70 gives it that. >> heed have to take so much medication, you know, depending on the day. upper, downer, trying to get a sense of how he should feel based on a stock price. a guy usinged to b an underdog. domestic pressures in china and the government being this visible. what is he going to do? he's the most visible business leader. if he's really successful, is that good or bad? >> he needs more jack mas in china to shoulder it. >> the attentitension between te house and fcc. here is what fcc commissioner told us yesterday. >> we are an independent agency. and that means that we make our

decisioned based not on political considerations but on the facts in the record and laws set forth by congress. and that is a really important decision that we have to make and we should make it independently. >> and the plot thickens a little this morning. >> the fcc may be independent but it is buffeted on all sides by political forces here in this debate over what should happen with the future of the internet, whether it should be as the president wants a net neutral internet in which the fcc is free to use its title 2 authorities to regulate isps or republicans up on the hill say they want isps to do what they want as private companies. we saw this tension start toe merge monday after the president announced he is for these title two authorities. and then tom wheeler beset with protesters. chairman of the fcc. he wouldn't get out of his driveway monday morning.

the wheeler saying the title two authorities that the president would like to see have some issue. so real tensions here between the president and his own appointed chairman of the fcc, who seems a little more amenable to the industry's side. that is the isp's side of the debate. the as multibillion dollar battle and personalities on all sides of this one. >> and one aeamon, where the deadline keeps extending. i believe friday midnight is the new deadline for public comments. >> and nothing is really going to happen until 2015. the fcc is not going to take action this year. what the white house wanted to do by by putting out that obama statement which they did on video from the white house even though he was in china that day, they put out the statement because they wanted it out there before the fcc makes any final determinations while there is still time to influence some of the decision. and of course the president's liberal political base likes the

idea by and large of the net neutrality. so there is politics on the president's side of this as well of course as there always is in washington. >> thanks eamon javers. shares of macy's rallying after profits easily topping estimates. you would have made money if you listen to our next guest. tom lee recommended the company at one of his top ten stocks to hold until the end of the year. and tom lee will join us live next on kwauk "squawk alley" no. it's called grid iq. the 4:51 is leaving at 4:51. ♪ they cut the power. it'll fix itself. power's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable.

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. moving lower after the company provided disappointing second outlook. it owns fold jer s brands of coffees. but off session loes. smuckers shares in a jam. >> i knew you were going there.

>> i'm sorry. >> shares of macy's higher after the company reported profits that easily beat estimates. our next guest recommended them as the top pick to hold to the end of the year. the question is where does he see the market going now? tom lee is here. >> great to be here. >> you kept the faith in the middle of october. i gat goth to say. there were certain unknowns about ebola nobody had answers too but in general you thought the pain would be contained. >> right. partly because we had confidence that the regime in place now is a bull market. technicals aren't as important. think think people paid too much attention to technicals in october. and the resilient in the face of head winds from europe. and we came threw okay. >> aren't we close to your targets now? >> we might be but we're in a seasonally strong period. so i think the markets will

close above our targets. we have 2100 for year end. and i would say if you feel uncomfortable being long as the good sign. because that is how bull markets should feel. >> it may have gone beyond the black swan events we saw in october but oil still low, the dollar still strong and worry about rates rising too quick. are we in a position where people don't know quite what to think? >> couple things to keep in mind on the utilities because it comes up a lot in our client meetings. first utilities outperform 45% of all years. in a bull market so it is come for utilities to do well. it is only a 2% weight in the s&p. that is not the reason fund managers are having a bad year. we think more because they don't own apple. it's been a bad year for fund managers. >> you also picked microsoft and check point and disney.

the stumble last week after earnings. was that over done. >> yeah names like the disney and microsoft, these are blue chip category leading companies. and you know with disney it is really not all about the quarter. it's really about core asset asks the profit generation. so we'd be buying the weakness there. >> earlier in the week, i think it was ubs had a note arguing that retail participation, which they called grudging over the past five or six years is actually going to come back. sounds like something you have said for a long time. we keep waiting. doesn't happen. do you think 23015 is the answer? >> it might be 2015. as long as we see consistent returns in the stock market without the messy pull backs the more people feel say owning equities and the more money comes out of bonds. it would be very good. positive reinforcement. >> you don't think it means we are getting long in the tooth?

>> i think the sign long in the tooth a bull market well-being a business cycle peak. people talk about inflation and feel like nothing can go wrong is when we should worry. but the public coming into the stocks is good thing. >> bonds taking a the breather. everyone thought it should happen this year. 2015 is it better and there risk of another fakeout? >> yeah. something really surprising was how well the ten year did. treasuries. i think it's going to be a tougher case to be made that rates go lower next year. a lot of the pentup demand and cash on the side lines. europe is stabilizing. china is stabilizing, things that make us think more about reinflation, not deflation. >> really? europe is stabilizing. you're not hearing that all the time. >> i think japan has uplifted that. that should help europe as well. i think we could see better news

out of europe in the coming quarters. >> we'll see what happens over the next 8 weeks or so. not even that. it's incredibly. going by fast. good to see you tom. >> yeah. >> markets about to close in the u.k. and across europe. speak of which, stocks snap tag two session winning streak. euro zone factory output in september only partially reversed the previous month. hsbc, royal bank of scotland, ubs among the banks being fined billions. and the luxury goods retailer insists it is well positioned for holiday season. spence packed seven hour dissent, the filet lander made an unprecedented touchdown on the surface of a comet a few moments ago. the mission control center at the time of the touchdown.

$1.3 billion. ten year mission. it was released from the car sized rosetta. cheers in the room. probe has its own twitter account. touched, my new address, 67 p. #comet landing. the landing happened 28 minutes earlier but it takes that long for the news to travel to earth. i love the jokes today. the comet landing was faked. that's my favorite. >> i wonder if there is a way for dick costolo to monetize that. >> the comet is apparently 2 and a half miles long. the purpose is for it to travel through the galaxy and collect mms. >> and it is going to drill into the surface. and the materials of the comet may unlock secrets about the

origins of the universe. we'll see. >> or how twitter can grow users. >> maybe that is what it's all ab. no question they are on the same day. >> when we come back. we have a taste of what news sites are like without the clutter of ads. google's ad exchange was down this morning. and could cost publishes millions. up next on "squawk alley." opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better investor.

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ceo of daily mail of north america. google, the ad server, double clicks experiencing issues this morning. global, you sent me an e-mail about this when it first broke. >> i walked into the office and they said the bravo campaign is not serving. dfp we're having a problem. i freaked out. they said no dfp is down for everybody. and that was just like the power being out in all of new york city. i went on the sites and looks. and that is what the new york post looks like with no sites. anyone who runs double chick which is basically just about everybody. and in many cases it stalled had pages from loading. now it's all back though. >> so is this like a facebook outage. nobody just particularly

benefits. and then tomorrow everything is fine? >> here is a bigger deal. jon yes you are right. thursday or friday it would have been a big deal. that's the big debuts. and if you lose even part of a day. if you lose an hour. people are paying tens of thousands, hundreds of thousand farce home page. >> i'm going to our google rep and asking for money. what they will say is we guarantee you 99.99% up time and something like that. since it really is never down i probably won't have a leg to stand on. but look -- >> like the gmail going down. >> if we paid for gmail in the millions of dollars. >> and we pay a lot for dfp.

there aren't many alternatives. running it is like city hall basically. >> and google has confirmed it is back up. >> yeah. >> the yahoo. buying brightroll. the deal will make yahoo's video advertising platform the larms in t largest in the country. and two are pushing a merger with yahoo. cnbc and yahoo have a business alignment. >> my thoughts this is really interesting because brightroll is big. the sort of company i think yahoo would have had a lot of trouble getting to come on board even with the money a couple years ago. facebook got live rail, aol got adapt tv a little bit ago. now the table is set in paramet programmatic video. for steinberg, is that valuable

going forward strategically? is this going to help ya longer term. >> i think it's basically a commodity. the first thing i did this morning was emailed coo rich and did to do we use these guys. we have so many that sit that what's called a water fall. whoever hits the bid with a fortune 500 advertiser in most cases we give them the fill. and we're looking for anyone who can pay anywhere from a 20 to $17 ppm if we're not billing direct. >> and that is the thing. >> and there is less and less leftovers in video because video is the one area where everybody is supply constrained. why it's good for yahoo is there are a lot of fortune 500 brands in the different video networks looking to buy a lot. probably she can divert a lot of that fill to yahoo's owned and operated properties and say look

we have premium content here. you are on brightroll. buy with us instead of going to to all o of these publishes. to me, the list goes on. they are all just programmatic fillers. >> worth 640 million in your estimation? >> 100 million in net revenue. i always say the media businesses tend to be do 10 times trailing. so that's 6.4 times. hard to argue. this is a profitable business. it is an in an important space. it doesn't strike me as crazy expensive. >> would you have made it your first purchase postalibaba? >> no i'm a media person. sy think she needs more media assets. this is like potatoes or corn or fossil -- i mean, it is all the same stuff. >> why are umi and tremor sort of stinking up the joint if

there is a there vote with brightroll. >> people are beating up the stock. and i've got more money. and pay more me. i'm going to a lot of these programmatic video fillers and saying you are not filling. we're having these problems. dparnt me this amount. and whoever does this i'm going to sell you a block. >> finally with the sexy stuff. should tim armstrong own and run yahoo and aol? >> from a personality standpoint marissa is the best product person around. tim is the best ads around. and it's a big problem where two great people want to do their own thing. the two of them together one a power house. >> fit's mature you want the salesperson and if it's not you want the product person. >> i think you want both. it's about aggregation of talent and bringing the best people and not hiring ego.

part with people bigger than you and partner with people that threaten you. and that's what makes great companies. >> starboard's view that tim armstrong should be running the combined company. and wait, yahoo is a 50 billion dollar market cap, aol is a tenth of that. why would these two merng? they say if you take away alibaba and take away yahoo japan, it would be a merger of equals. >> and mr. whether it's tim or maris marissa, you can divide and conquer in these businesses. i don't worry about the articles. i worry about the ads and business. i think you can't have co-founders and co-ceos but you can have the partnerships. >> we covered a lot. >> i know. fun day. when i saw the ads i was like oh how much money am i going to lose. >> don't drink anymore coffee.

>> quick news alert. fresh comments from white house on net neutrality, saying any new rules should not create any burden to internet service providers. [ laughter ] >> what are they talking about? >> i don't know. it's like 50 first dates where you start every morning completely fresh. >> right. bridge the hammer down. regulate to the fullest extent. but no burden to -- what are you talking about white house? clarify that for me. >> you asked. maybe they will. >> meanwhile twitter is post hosting first analyst day today. likened to jofry's wedding in game of tloenhrowns. it is a moment of truth. >> as the water shed moment for twitter. investors are anxious to hear

costolo articulate a clear strategy. with the stock down more than 37% this year, investors are concerned about slowing user growth. the biggest question is what is costolo's vision for twitter? is it for more people to tweet or for those who don't tweet to follow news? investors want to hear the plan to grow the company, both user base and its ad revenue by introducing more ad products. and the final question, does he have a stable management team in place? the wide range of senior executives leaving in the past year, including coo, vp of product and svp of engineering sparks concerns that top execs have concerns about the future of twitter and whether management that is consistent strategy in place it can execute. now the stock is sure to move depending on how costolo and anthony noto address concerns.

sources tell me the board will likely give him more time to execute on his vision and while wall street likes noto i'm hearing he doesn't have the operational experience to run a company like twitter. >> thanks julia. when we come back it is no shave november. a month razor companies are coming to dread. especially gillette. now the question is whether it's really hurting the bottom line. first rick santelli in chicago, what are you watching today. >> we're watching ten year note rates. it's been almost a month. the a 15th of october when we had the big downdraft to 186 yield in tens. what's happened since? and how can you make money being very on top of a very predictable pattern in tens? well you have to tune in after the break. (vo) rush hour around here

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already 41 companies are investing almost $80 million dollars, and creating 1750 jobs. from long island to all across upstate new york, more businesses are coming to new york. they are paying no property taxes, no corporate taxes, and no sales taxes. and with over 300 locations, and 3.7 million square feet available, there's a place that is is right for your business. see if startup-ny can work for you. go to startup.ny.gov.

ameriprise asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today. coming up. twitter's moment of truth. the first ever analyst day about to get under way. what is the trade right now in the street's most hotly debated stock? plus we're going to talk to the if top analyst who just raised apple's price target. and is now the time to buy? and joe theismann revealing his playbook. the stocks he picked last time he was on are both up double

digits. all straight ahead on the half. >> you have such a soft spot for the skins scott. >> i know. i can't help it. >> shameless. see you in a few scott. to the santelli exchange. >> before you leave, before we get to my ten year charts the president wants to treat the internet like a utility. carl what is oun your utility bill every month when you get it? on the bottom like six rows of it. taxes. treated like a utility, it is going to be taxed. ocyt sites on the whole has done well. leave it alone, please washington. leave it alone. now let's get to ten year. we don't ever want to leave the

ten year alone. we're all over it. look at the time period we're going to be dissecting with regard to the technicals on ten year-year-old and the chart you see in front of you starts before mid september to present. and it really is a really interesting pattern for a variety of reasons. now that you have seen that chart, let's look at my chart. so you can see obviously, hopefully, the similarities. but welfare we even get to the pattern, today is going to be the 12th day, 12th session we're going to look to settle between 230 and 238. 238 has turbine high settlement. let's get to the charts. the key area is 9/17. the last time we had 260 handle t high yield was 262. we all remember 10/15. not only because you settled so much higher than interday low. you settle ald t 214. the interday low was 126146 what

i learned is those meaning. . it comes to 20 238. exactly right to the basis point where we touched. and i think that is hugely significant that it hit perfect. so what does this mean? it means you had a wild session with a very slow increase in yields on a perfect pattern or tracement. means many traders are going to look to see lower yieldings. but the stocks are all going to be above 240 and that is significant for end of the year trading. >> up next. if you hitch a ride on royal caribbean's new ship, the bartender might be more machine than man. live on the ship "quantum of sesea s." and. >> i'll show you the bartenders on board the ship.

my nai'm a lineman for pg&e out of the concord service center.

i have lived here pretty much my whole life. i have been married for twelve years. i have 3 kids. i love living here and i love working in my hometown. at pg&e we are always working to upgrade reliability to meet the demands of the customers. i'm there to do the safest job possible - not only for them, but everybody, myself included that lives in the community. i'm very proud to do the work that i do and say that i am a lineman for pg&e because it's my hometown. it's a rewarding feeling. shares of tribune company. engine capital, a hedge fund with the minority ownership is urging to sell non core asset asks buy back shares to enhance value. those as a result up 2%. we should mention this company is only worth about $490 million right now. >> after the split it is

important to note the difference in market caps. thanks dom. >> elon musek has been warning about summoning the demon when comes to intelligence. simon hobbs is aboard the quantum of the seas with some new friends. >> let me for the first time introduce you to the two dancing robotic barman they have created for this ship. you put your order in. you could have that standard cocktail or what's trending that day. the robot accesses the liquor from a hundred bottles arranged above them. they shake and mix and stir and they deposit it in front of you and it is's powder out of the danger zone from magnets under the counter. can they are the dream children of a visiting mit professor in this country from italy.

this is a start-up in italy, and you will see those robots are very similar to the type of thing that you would see an on automotive plant. i'm not sure they are really artificial intelligence to the extent that elan musk was talking about. the two dancing robotic barmen. actually i hear not that expensive. if running a hedge fund make 1 and a half million dollars for the pair. >> we could put it right here at the desk simon. thanks a lot. >> maybe to the european close that would be excellent. >> let's get to sara eisen with the dow down 15 now. >> i have a guest down for

november. alternatively no shave november. the campaigns are becoming more popular only adding to declining sales. that has not start-ups like dollar shave club. launched two years ago on this viral video that has now seen over 17 million view on youtube. from ramping up razor wars with the founder of duben. i understand you're taking about he calls comically violent ads to television. looking for new audience here. >> deepening the existing audience and the frustrating inconvenient method of buying razors in the stores. and yeah it is a great way to build our brand. >> i notice you do not have a mustache. are you seeing a dropoff in sales. >> i just can't really grow a manly burly mustache. it's pretty sad. >> we know that in general if

you track the injury, look nielson data, blades and razors have been declining. how much share are you and other upstarts on line like harrys taking from the big guys? >> we're doing about 90 million in analyzed sales right now. a member from us is someone who gets a package every month or every other month. we figure that about 10% of the cartridge basis on the annual base. you can't deny the beard trend. it is out there. but it's cyclical. and it is not hurting our business. >> how do you genotyt away with selling five cartridges for one

dollar. can you really get a close shave? where they quality cartridges. 20 cents a piece? >> yeah and the members have proven it and are loving it. it's quite addictive and once you try it you don't go back to the way you used to do things. >> you talked about revenue growth, and user growth. are you profitable. >> we don't discuss profitability but user growth is the growing really quickly and 50,000 people per month refer a friend to the club. >> whose your long-term plan? are you looking at ipo. >> it's little too soon to talk about that but we see a big opportunity in the space. our mission is to help guys take care of themselves. and that means what you put on your face, on your hair, on your body. we think there is a huge opportunity there because guys are just as frustrated with buying those product as buying razors.

>> michael dubben and whether you can grow that facial hair. >> thanks for having me. >> thanks a lot. another day another milestone for apple. we'll explain when "squawk alley" returns. ♪ there's confidence... then there's trusting your vehicle maintenance to ford service confidence. our expertise, technology, and high quality parts means your peace of mind. it's no wonder last year we sold over three million tires. and during the big tire event, get up to $140 in mail-in rebates on four select tires. ♪ you just have to win 70% of your points at net. and keep unforced errors under 10%. on the ibm cloud, the us open analyzes 41 million data points

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take a look at apple this morning. i think it is awfully closer, if it hasn't already hit $111. another all time high. up about 50% the past year. and a big reason why the nasdaq has been such an outperformer. >> interesting to hear tom lee earlier talk about the reason so many money managers are underperforming is because they didn't own enough apple. >> yeah. and this is usually the time when apple has the most trouble. so it is defying that historical trend. we'll see what happens around thanksgiving. usually it pops after thanksgiving. is this a different kind of year? i don't know. >> we know after a product launches it tends to underperform. and we've had two big product launches in the past couple months. sea world by the way has had a rough day. squawk on the street this morning, advising insistee inin

try to find a bosmt. on the decline all day long. one documentary in this case can change public perception and traffic. >> talk about the fact they didn't even see this coming when the movie came out or the documentary came out. they should have no effect now they are saying it is a challenging effect. >> let's goat the wapner. and the halftime. >> guys thank you very much. welcom the show. let's meet our starting lineup for today. pete and jon najarian, job brown, and steven weiss. we begin with an event kicking off right now california. what we're calling twitter's moment of truth. it's big investor day. and the stock has taken a beating this year, down 38% amid questions about business model and management.