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a little selection from one from the oscar winners last night. the movie "whiplash." joining us, ed lee, and john ford, on a monday morning. the dow is down 41 points. off the lows, comes 51 points away from 5,000. we keep watching the tech stocks as the nasdaq is 2% from the all-time closing high. up about 15% for the last 12 months. those keeping score in the 12 months prior to the dotcom crash. everybody is talking about tech bubble. what do you think? >> bubble is such a strong word. that's different than saying we might be due to a correction. to me that communicates, bubble communicates that we're completely out of whack in the value here. you look where apple is in terms of profits generating the iphone.

look at amazon not only in ecommerce but what they've been doing in cloud. with p competing in a utility, then spreading across the globe. then look at other companies that led the nasdaq, cognizant in services. there's a lost meat that wasn't there 15 years ago. >> you mentioned the run-up in $2,000. a lot of people forget how fleeting that high actually was just two days before the nasdaq began where it would lose 80%. now people say we've been at these levels for a while. that was a dream. this is reality. what is driving us now are red-hot internet stocks with revenues -- >> real revenues. >> exactly. >> can we make such claims about where we are right now? >> i'm with john here. you can't quite call it a bubble this time around for the reason that the last time around a lot of companies had no revenues. they were stockpiling users.

that was the name of the game. burn rate was a metric that we looked at crazy enough. now we're looking at what kind of revenues, in addition to how they are growing their audiences. whether some things overvalued or not it's not going be total. it might be a company here and there that might correct and adjust. >> the debate over apple specifically continues to rage. it's not at a market multiple yet. but the statistics unbelievable. two-times the market cap than any other public company. equal to the market cap of the entire s&p. >> exactly. >> part of what is driving apple beyond real revenue, real products that people buy and use. i think philosophically the idea as apple, there's going to be a brewing war as a operating system for all kinds of things. we saw reports about apple reportedly looking to do a car. it's not so much a car we should be looking at, where there are

cars and devices it becomes more complicated an operating system will be needed one way or the other. for cars -- there's going to be an o.s., could be p ale, google, who knows what. >> it's really the first mobile device. if you think about it. >> let me do this. all this talk of the bubble. bill gurley wrote over the weekend. basically saying, late-stage private companies could be overvalued. haven't endured the scrutiny of the ipo problem. it's easier to raise money than it is to actually build a profitable business. no need to buckle down if the markets allow you to operate in a looser fashion. >> while there are real companies, talk about the nasdaq-like, amazon who built the idea of mobile and cloud revolution. >> there are other companies assuming to build the next business on top of that like

pinterest and snapchat. i think the question is, what kinds of quality businesses are going be built in that era. some of these businesses are getting multi million dollar, tens of millions, hundreds of millions valuation based on hope when the revenue model is not that clear and profit model certainly isn't. >> we're getting a lot of data, and anecdotes like companies valuing the $1 billion mark as a milestone for a company instead of maybe users or revenues or actual growth. >> they want the billion dollar valuation. in terms of -- we're talking about bubbles. there might be, or there is a lot more fogginess in the v.c. area. there's a lot of money to go around and has to settle somewhere. star start-ups are taking advantage as they should. whether they build the revenues or not remains to be seen. the difference is the infrastructure is in place.

whether ad tech platforms or what not. whether it's long term, who knows. >> the ceos had that 300,000 dinner. for me there's the sign of the time there's all this money. granted some for winnings at the black jack table. but when there's money sloshing around you can spend that on a dinner. you could end up spending it on a start-up or two. >> you remember the double click party. you're probably too young. >> we mentioned another new high this morning. top 130 a share. come from goldman saying one in five hedge funds owns apple shares with 12% of funds holding a stock as a top ten position. certainly apple rolled out a great new spot at the ipad at the oscars voiced over by none other than martin scorsese. check it out. ♪ >> you can't do your work

according to other people's values. i'm not talking about following your dream either. i never liked the inspirational value of that phrase. dreaming is a way of trivializing the process, the obsession that carries you through the fa ill our as well as successes which could be harder to get through and if you're dreaming or sleeping it's important and imperative to always be awake to your feelings, possibilities, many abigs. >> cut. >> i think it's curious. they could have picked any category to advertise during the oscars, they picked the one that needs some help. >> i tell you, i didn't love this commercial as far as apple commercials go. i thought the one during the grammys was a little better. at least you got to feel the finished product. nice process. i don't know if that movie you made is any good. >> didn't you shoot the alcohol persian on the ipad air, too? >> all that said, i'm no expert on marketing. it's my take as a viewer.

they're better than any company to continue the dominant run and the situation with the ipad these. who knows how much apple gross revenues and profits in the next two, three years. i certainly don't. it's probably based on products that we have not seen yet. more power to them. >> calls it a hiccup, is that how it's being read? >> i think it's a fair reed. the other thing to look at with apple, it's in a position of dominance. it's something historically the company has not really had. it forced a pc market then ibm came along and all of the clones thereafter and with t went near bankruptcy, until steve jobs came back and imac. they are in new territory. how they managed themselves going forward is an open question. >> the goldman hemg fund tracker is interesting. 12% of hedge funds that they track have apple in the top ten positions.

while that seems like a lot, it is actually down from 2012 when some 30% of hedge funds had apple as one of their top ten positions as apple was sliding 20% from its peak. can we say this is a good predictor as far as stocks go? >> that's a good point. china was a big market for them. the fact they were able to crack into that is pretty significant. they are no longer relying on the u.s. market. for a lost products and services the u.s. market is getting mature. they have to get out there and explore it. that's what is driving it right now. >> apple got -- hedge funds got apple so, so wrong. >> now they are monday morning quarterbacking. >> if anything, they may be a contra indicator. >> finally oscar viewer ship taking a dip last night. multi-year low. fans taking to twitter with

their reactions. the moment receiving the most he attention? lady gaga with julie andrews "sound of music." >> we were out watching it my wife and i. she was actually on her computer, on her ipad, actually watching twitter alongside the actual telecast. >> which at times might have about more interesting. >> i think it's now becoming more of a common way of viewing these live events or big evepts. that actually speaks to television's dollar over the ad dollar. what twitter is trying to promote is live aspect, the fact people can sound off immediately. why do they want to promote that? they want tv ad dollars as well. >> this was a really grown-up os cars, overall. there was no big selfie that was heard around the world. i have to guess some twitter stats were down. the music was great.

too bad this wasn't the grammys. that was the best thing about it. >> there was no blockbuster, no "titanic." i read "birdman" will be one of the five lowest grossing best pictures in oscar history. >> you can't get record ratings on that. >> that's art, man. isn't that what it's supposed to be? >> but it does show -- you mentioned twitter trying to leverage the television stream. >> right. >> but they are up until today and still reliant on episodic events. >> they need something to drive it. they are not producing it themselves. they need television. they actually need it. >> the industry was able to poke some fun at themselves. jack black taking out his phone and calling it the screen in his jeans and he would rather watch it that way. >> going after theater. it's a big thing. that's what the industry is is trying to get out there one way or the other. it's a tough environment for

them. i think they'll see harder times going ahead. >> huge goal between movies people wanted to go out and see and the movies that got honored last night. my wife and i saw "birdman" a few days ago but very inside feel. what areally happened there, did he do that, or did he not do it? i don't know. i got to think most of the movie-going population doesn't want that. >> box office here today looking pretty good. looking at some of the stocks at some of the chains. >> i think definitely right now it's picking up. we're still early in the year, interesting to see how that joins us. >> ed lee joining us this morning. when we come back we talk about a start-up bubble. and another sector may be getting overheated. and speaking of bubbles, nasdaq goes near territory. and netflix continues to spend a ton on originals and according

to one analyst, that could mean big trouble for his bottom line. he'll explain in a few moments. dow is down. "squawk alley" continues in a moment. xt second... boom! you've had your first accident. now you have to make your first claim. so you talk to your insurance company and... boom! you're blindsided for a second time. they won't give you enough money to replace your brand new car. don't those people know you're already shaken up? liberty mutual's new car replacement will pay for the entire value of your car plus depreciation. call and for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch to liberty mutual insurance and you could save up to $423 dollars. call liberty mutual for a free quote today at

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visit comcast.com/wireless to learn more. twitter is out with a statement that is supports s.e.c.'s action on net neutrality. saying, openness promotes free and fair competition and fosters ongoing investment and

innovation. we need clear, enforceable legally sustainable rules to ensure that the internet remains open and continues to give everyone the power to create and share ideas and information instantly without barriers. this is the heart of twitter. a lot of what they said in the past. >> a lost silicon valley companies jumping behind net neutrality. the question is, local broad band competition. are we going to end up with regulations that actually discourage competition and investment in internet infrastructure or are we going to get policies and actions that encourage it. a lot of people don't understand what net neutrality is. there's a lot of passion around it. not a lot of understanding. i think we need to have more substantive debate. >> perhaps weise should break it down a little better but the debate p its. >> for get the valuations of uber or pinterest.

bio tech is growing faster than the rest of the market. outperforming by 60% last year alone. bio tech's analyst is here, jason, to break it down. it's good to see you. >> it's been a great year so far. >> investing in biotech, it's like gambling, what are the odds like now? >> i think the odds are going up. we are gambling a little bit. we under it where we have never understand stood it before. particularly clinical science. where we saw more fda approvals than we've ever seen. you are see the biotech index climbing with it. >> a lot of the big biotech giants need growth. their drugs are coming off patent and scooping up whatever companies they can to get that. basically the market is being bit up because there's hope one of those other companies will be ripe for a deal.

what if that doesn't happen? >> m&a has always been prevalent in the background. that's not a knew theme. that's going on for 20 years. when we see free cash building, that telling us sure they're going to buy growth. whether they acquire companies or not. companies that have phase two and three products. they are very visible to the marketplace and we'll see how they it completely change the paradigm of diseases. a great example is breast cancer. there's new drugs in development for breast cancer which is a medical need. if those are successful they can transform evaluation. even though motivation is pushing an all-time high, if it works in triple negative breast cancer it's a completely new dawn of that company alone. >> if it's that, ms, diabetes, you name it. it was breathtaking the way they rallied into the final part of the week. of the four horseman? >> i love gilead.

what i see is cure for hepatitis c. when we hear of the expensive prices, people fail to consider this is a cure. we compare this to vertex or merck. they have a 60 to 70% advocacy rate. they are now being built into the valuations of the sector. >> we were talking about nasdaq and bubbles. how do we know this is not the equivalent of the year 2000 for biotech. all of the big things people said were 2000, just not so fast. how do we not know that is biotech now? >> what i see is gene therapy, cancer immunotherapy. better well-run phase 2 clinical trials where we can definitively look at something and understand

if it's going work. the failure rate is lower, approval rate is higher. that will translate into higher valuations for the sector. what does the market hate? uncertainty. what do we have in bio tech? more visibility than we've ever had before. >> jason, we appreciate you being here. at least for the near term we're see that rally continue. >> thing so much. >> up next, competition for amazon is heating up. one major retailer is cutting its free shipping minimum in half this morning. find out which one when "squawk alley" comes back. financial noise financial noise financial noise

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in case you missed it, target announced they are cutting the free shipping in half to $25. this follows enthusiastic response to free shipping offer during the holidays which it rolled out in october far earther than its peers. target also has free shipping

for people with target credit card and free shipping for items ordered online. race to the bottom continues. >> what a comeback for target. it was down around 55 bucks after the credit card breaches and what not from last holiday season. now up over 76 bucks per share. certainly doing pretty well. they seem to have really capitalized on a lot of holiday trends and made out well. >> yes. 25 bucks. as amazon increases prices for prime and so forth. it will get interesting. >> meantime it's getting awfully interesting in urm where we put the greece issue off for months. symon hall is here. >> the stock market has been able to gain in europe. we had a fresh high on the germ opinion tax today and london market despite the german confidence index has disappointed a lot of people. stand-out stock is clearly hsbc.

europe's largest bank losing 8 billion or 9 bmdz as a market cap, as a result of a horrible set of results. the fines keep going it would appear for the foreign exchange manipulation and compensation they're playing on other fronts. in this country they could have a swelling of up to $1 billion from what they already provisioned. at the same time a lot of the management is under fire in the uk for their own personal tax position. hsbc is having a terrible day, down 5%. as far as the greeks are considered it's a public holiday innatens today. certainly no greek stock market trade. they're looking to come through with the structural reforms in the wake of friday night's deal. they to be delivered by the end of today. and then you have a conference call today. not actually meeting physically to sign off on that and then it has to go back through the national parliaments, greece,

finland and importantly germany. we're talking about maybe $7 billion in extra tax collection, clamp downs on people evading their tack. that's the sort of thing that seems to be on the cards. if they don't get through this process the bail-out ends sunday. what is interesting, over the weekend, even the greek prime minister was on national television saying the real difficulties way ahead of us. you know, this was a victory, it was a battle not a war. there's a wide-spread relief we'll get further brinkmanship before even the end of the four-month extension. that's the end of june, others suggesting they believe they will get softer loans from the rest of europe. that means, of course they'll extend the maturities and arguably lower interest rates. but there's a lot to get there. >> meantime it's a rally. >> you got that right. thank you very much. simon. >> speaking of rally, apple a few moments ago at 130. now 131.68.

should you be buying or selling the apple watch this spring. lots more in just a moment "squawk alley" continues. [ male announcer ] whether it takes 200,000 parts, ♪ 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. whether it's building the world's most advanced satellite, the space station, or the next leap in unmanned systems. at boeing, one thing never changes. our passion to make it real. ♪

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hi, everybody, here's your cnbc update. ash carter continuing his military tour. he met with kuwaiti officials and u.s. military personnel in kuwait on his way home from

afghanistan. he later told u.s. troop that's u.s. will deliver a lasting defeat against isis. a change of leadership at honda. its ceo succeeded by a low profile engineer who worked on the oddy ban and crv. they're battling the fallout on a bunch of recalls that has shaken its reputation for quality. >> you can call it urge ergen's encore. . company lost 63,000 subscribers in the fourth quarter. if you're not saving, you're not alone. 24% of americans have more credit card debt than they do emergency savings. another 13% aren't in debt but they have no savings either. for more on that kind of scary story go to cnbc.com. that's our cnbc news update for this hour. let get back to "walk alley."

thank you, sue. another all-time high for apple, meanwhile, trading over $130 a share. this coming as the company announced new plans to invest $2 billion in data centers in europe. so, with the apple watch just months away, can anything stop shares from going higher? joining us to discuss more is equity research analyst, if i read this correctly, back when apple was at 109 share about 10-plus% ago. they down graded apple to a hold for various reasons, including the comps being difficult in the back half of the year. with the stock over 130 bucks that might be a tough position to defend. do you still feel the same way given that sentiment on apple continues to be strong? >> absolutely. if you look at the note, what we mentioned was december was going be great, march will be good as well. and we think expectations, also,

apple watch a little hierks and could be social disappointment over there. if you look at the stock price currently, a lost good news is the prices here, are closing to the scenario that we had. 130, $140 is where we think it could go but a lot of good news already baked in. woo think a target of $115 is more reasonable as we look down 12 months. >> i've been saying something similar. the comps will be different because of inventory. how do we know they went societile ought 140, 150. especially when you consider the popularity of the watch if it is indeed popular. could cause people to buy iphone 6s and 6 pluses. >> just to get in to the ecosystem and apple pay.

>> when you look at the iphone, stock is how they want the iphone performance to be. we see it perform really well. >> and we see the stock not do well. from 75 million units that we saw in ease. we think they'll be somewhere especially more meaningful. apple watch will probably vey hard time filling in the gap that iphones will leave. we think it's going do well. but it's probably not going to be big enough to offset the gap that iphones are going to leave and that's where we feel, going into the back half of the year, there will be head winds on the stock. >> what leads you to think the watch is going to be disappointment relative to expectations. based on survey, people willingness to buy an 'ing watch, anything like that? >> we've seen a burch of different reports coming from supply shanes, that shipment volumes apple is thinking of, below where people are expecting

it. most that we have spoken, more than 20 to 30 million unit range for the first year of shipments and we think they could come below that. see how it performs. look how sampson's watch is down. it has not made a dent in the market. it's essentially another gadget which i'm sure many apple -- many people in the apple base will buy and we'll see how big it can get. keep in mind iphone is still the majority of profits and revenues for apple. and that's going to be a bigger bucket to fill as iphones are gra great. >> we talked earlier. the last peak for apple was 2012. how quickly the sentiment turned in investors minds down 20% from there to the end of that year. i'm wondering now that we're at $768 billion. this is one of the most widely held in the market. do you see a correction being

more muted this time around? >> listen. a couple of things that are different this time. back then apple's modules came in under significant pressure as they move to the iphone 5 line up. and modules came under pressure. this time it clearly has a better profile. at the same time it's such a big part of the index that a lot of people have to own it. >> if they all start going in another direction, sure enough the movement could see a similar type here. >> at what point does it fall apart? is it iphone sales for the june quarter are stronger than expected and people continue to buy thapd the watch sells out really quickly? >> if you look at fundamentals behind the iphones, watch is not going be big enough to fill that gap and margin will not be that strong as people expect it to be. not any of those three thins, if

the data comes out, that challenges any of those three. absolutely will go back. but for now the data suggests that those three things could hold true. >> we'll see how it works out. i know tim cook is betting against you. thank you. >> thank you. >> meanwhile, facebook shuttle drivers are smiling today. josh? >> bay area residents are used to seeing big buses, shuttling tech employees too-to-and from work. but some men and women driving those buses aren't happy with what they are getting paid. now more than two th-thirds of facebook's 90 drivers, accepted a contract negotiated by the team sisters and san francisco-based loop transportation. that's a company that has a contract with facebook.

under the new agreement, drivers enjoy hourly pay of 25 bucks up $18. additionally, full-time employees would receive health and medical insurance as well as more holidays and vacation time. this news is being talked about as a big step for organized labor in silicon valley. the journal is reporting that drivers for apple, yahoo! ebay and zinga are scheduled to vote later this month for represent sensation by the teamers. loop will take this contract. negotiate with the teamsters to facebook for approval. facebook, by the way, did not have a formal comment on news. back you to. >> interesting wrinkle. thank you very much. when we come back, are we partying it like it's 1990? are we on the bring of the next tech bubble? plus is net flex spending too much money on originals? can it make a

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segway to what you're talking about right now. >> yes, indeed. we'll be talking about is t a lot. nearly 15 years ago nasdaq closed at 5,048. a time when tech stock soared and was the dotcom bubble. is there a reason we've gone back to bubble territory? joining us, beki, 15 years ago, you were running the company you co-founded and sold to ibm. it was a different time then. you made a lot of investments since. how is it different this time? >> what is different today, we have three trends happening. we go back to 1999, you have the internet. today you have a mobile revolution, cloud revolution and these three things are not happening the same time before. that's what creates a once in a lifetime opportunity to create companies. >> how do you define a bubble? how will we know, if we are in bubble territory, is it -- are

expectations for what happens next completely out of whack? is it just one or two little areas getting wildly out of whack? and some might argue biotech might be? >> the first rule i have, it's not a bubble if everybody is talking about it. so, if you don't have people on cnbc talking about it's a bubble. then you should be worried. that tells you that maybe now, people think it's different this time. the second thing, we still have -- like in any cycle, you have what are called innovator, and idiots, right? when the idiots start showing up that's where the bubble ends. >> how do you define those idiots, who are they and what characteristics do they have? how do you know when they walk into a room? >> right. it's really hard. i wish i had a crystal ball to determine when these things happen. my rule is, are people coming in to invest huge and huge amounts of information with as little information as possible.

there's a lot of discussion today with late stage private runs happening. but the vast amounts investments are not late-stage investments when you have the predominance of invest manies that's when you have to worry who is coming in. >> it might not be the majority. venky. but some figures are fairly i-popping. look at uber, granted they have a lot of revenue, look at snapchat and pinterets. we had a guest that said the bubble might be venture capital. there's too much money and they are trying to find a place to put it. do you agree? >> i disagree. we've been in the business for 40 years. we've seen upcycles and down cycles. look at 2014 the amount of venture capital funds shrinking. the rate is 30 billion. to put that in context. venture apartment rates, 80

billion in 199 and 120 billion in 2000. i know they talk about pinterest and uber. >> the vast majority of companies aren't valued like that. >> when gurley warns about overvaluati overvaluation, is he trying to ensure there will be more bargains to buy? why does he say that? >> he's right. there's no doubt about it. there are pockets of irrational exuberance in the venture capital space. no doubt about it. the question is, is it pre ponder ans. i think that's what bill is referring to. the other thing i think that's true, private rounds are being done today with less diligence a company to raise 300 million with less work than 50 million in the public market that's not

a good trade-off. >> what are we missing, venky? is it investment in emerging markets that have different infrastructure needs? where are you putting your investment dollars? >> clearly cybersecurity is a big area of focus. we had a long history of investing. cybersecurity is a trend that will help over a long period of time. mobile marketplaces, like uber, those are creating. that's the story nobody is talking about how mobile marketplaces are creating jobs and changing productivity. think of the jobs uber and rober is rekuwaited. >> we'll talk about it here. venky, thanks. >> thanks. >> monitoring a developing story a tanker truck overturned and ignited on a very busy road in camden, new jersey. nearly is 00,000 gallons of fuel

overturned. a driver was residued from the burning vehicle, according to local police. he was not injured. nearby homes being evacuated. one of the police quoted in some of the stories we're hoping it doesn't start to set houses on fire but it comes on the heels, of course, of the tanker accident we see of csx, the refinery explosion in torrence, california that longed to x exxon. but this is a dangerous game and we get reminded of it every day. >> yes. especially when you see a picture like that. meantime, it may be the most-talked about event but the ratings were not that good. viewership down to its lowest level since 2009. julia was there and joins us live. congratulations to you and your husband, who was the producer on the movie "whiplash."

great tweets from you. >> thank you very much. it was an exciting night for sure. but the show was not as exciting as it was last year. preliminary market ratings showed viewership declined 11% from last year. final national ratings out in a few hours. the explanation was simple, fewer people saw these films. the audience was left invested. best picture "birdman" grossed $38 million at the u.s. box office while "whiplash" with three wins is the lowest grossing of the group taking in just is $1 milli1 million in th. in fact the most popular oscar film by far "american sniper" with $233 million u.s. gross won a single statuette. today's ratings are a disappointment to abc, and

advertisers who paid a record nearly $2 million for a 30-second ad spot. we are also awaiting stats from facebook and twitter on the value of social chatter compared to last year. more brands tying across tv and social that could help expand impact of ads, even if fewer people watched. there's no huge social media moment that came close to ellen's most retweeted selfie ever which was last year. very exciting evening. even if the ratings did not stack up. appreciate it. season three of house of cards hits next sunday. one analyst joins us this morning. "squawk alley" will be right back.

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that was the teaser for netflix house of coards. our next jest said original programming like "cards" may creating a cash burn problem. michael, welcome back. >> thank you. >> the stocks had quite a run. i assume you expect it to walk back but because of this? >> no, no, no. i think it's going to take a while before investors actually recognize and acknowledge that this cash burn is not sustainable. the company raised another billion and a half, so they're going have 2.2 billion in debt. they have net cash right now, so they are okay. but they are burning cash at 300 or 400 annual run rate. that's 300 million more than they generate in profits so they are burning all their profit and 400 million in cash. they are burning a library of originals.

that's a great thing, bringing viewers in. they just don't own the originals. when they renew the originals they pay against for season two. unlike hbo and amazon. i think eventually will start to own its originals meaning the cash burn will go up even faster and the question is, does their top line grow and outpace the cash burn? maybe it will. that's what the 400 care price is telling you. i don't think so. >> michael, square this for me. seems netflix was saying that the originals were doing particularly well overseas which they need to drive growth and they also have written in to their contract on these originals, 4 k as well. they think they'll charge more for 4 k as that becomes popular next year and the year after and they'll already have programming among their original hits for that. do you discount it all together? >> i discount it mostly. first of all they don't own "house of cards" in france and

germany. they may negotiate it for a horseman, who cares. until we have 4 k as a broadcast standard. until cnbc is 4 k i'm not buying it. you are the only channel worth watching it. why don't you ask nbc when they're going to broadcast r 2. i bet 2020, not sooner. 2020 is great for next decade. anybody who buys a 4 k tv is future casting. not worth talking about. >> thank you. viewers of "house of cards" are saying, look, once you get to the top office in the united states, what is after that? how can the show go on this season for "orange in the new black." ha happens when piper gets out of jail. do you see there's strength in the franchise netflix has past a certain point? >> you can say that for any

dramatic story. piper will probably murder someone. she almost did in season one. sorry about the spoil. frank can wreak havoc on the planet as president. i think that's cool. if we had west wing on tv for six, seven years, then we can have house of cards on it. i really don't worry about that. good content they need more of it. >> we always love having you on to talk about whatever. best buy. net flex. our record on netflix is checkered at best. >> my call on netflix, wait for amazon to compete with the stand-alone ad supported free service. >> when that happens. people will start switching over. wait for that. the timing is probably later this year. >> mike always good to have you.

thanks for joining us. >> update on the tanker story. some local new wires correcting their story saying it's not 90,000 gallons of fuel. more like 9,000. still a fair amount. but that would be a very, very large truck. which something our viewers alerted to very quickly. thank you for that. when we come back a look at samsung's new phone courtesy of john ledger. don't go away. what does it mean to have an unlimited mileage warranty on a certified pre-owned mercedes-benz? what does it mean to drive as far as you want... for up to three years... and be covered? it means your odometer... is there to record... the memories. during the mercedes-benz certified pre-owned sales event now through march 2nd, you'll get complimentary pre-paid maintenance and receive your first two month's payments on us. only at your authorized mercedes-benz dealer.

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in case you missed it a number of companies using the oscars to unveil new products ortizes. samsung, of course, a big sponsor, teegdz the samsung galaxy s 6. >> tomorrow, medals will flow. beauty will be powerful. of course this is the -- several years running sa samsung had a partnership with the oscars. last year it was a samsung phone that ellen used to tweet that infamous selfie. do you think this will whet the appetite of potential buyers?

>> i'm not sure what i'm looking at there. does it do that in your hand? does the video come on the phone? >> looks like a screen saver. >> john ledger tweeting a link to some photos of the phone. was there even a question? of course @tmobile will carry the next big thing. >> let's get to headquarters and the judge. ♪ hi, guys, thanks so much. welcome to the halftime show. let meet the starting lineup for today. stephen weiss is managing partner and josh brown, the ceo, and pete najarian, cofounder of options monster. our game plan today looks like this. $100 oil. why one of our guests says it will happen sooner than you think. and the way to play it right