's probably flat relative but in the past year it yielded 15% off a $10 ipo. >> you make money out of it presumably going there in the first place. >> they paid me $4 million for 10% of my future brand income. >> thanks for coming in. just giving you a hard time. that does it for us on "closing bell." let's go to "fast money" live in miami. sun, stand, and "fast money." we're talking the next big thing in tech the hottest trends in emerging markets and the best ways to enter the gateway to latin america. a historic day for cnbc coming to you live from miami. it's the biggest technology event bringing together tech professionals and company was ties to global play ersers in latin america. huge lineup on deck tonight. you think facebook is tapped out of users? think again. we're sitting down with a top facebook official who will reveal the next big growth

market and our guys will tell you how they're trading the stock right now. plus we'll hear from obama's go-to person on all things technology. we have the chief technology officer of the united states cyber securities the next great battleground and she's on the front line. first, with he have to start off with the marksets in the united states. we have to ask the question, what is the next big catalyst to take us two record highs. take a look at the s&p 500. we are a whisper away from a new high karen. >> well i think actually normally it's earnings that will drive the market but i think the m&a pace has been so interesting and i think we will continue to see more deals. very often you get a deal for one company in the space and the rest of the space trades up. for me that could be a catalyst. >> i think it's growth and i think getting over some extreme positioning, too. the dollar if anything now, as people start talking about second quarter earnings and i realize we're not through first quarter but this is now a tailwind. if you look at the things that had a lot of -- european growth

factory orders were better. we have a payroll numbers on friday. i think that's going to show not too hot, not too cold. the porridge i think feels pretty good right here. >> this whole things about rising rates, that's whatever we deal with it and we will still go higher? >> a lot of people talking about the bubble in the bond market. you have jeff gundlach talking about the fact maybe bonds have stopped going lower, rates have stopped going lower meaning that bonds are going to sell off which we saw today. i also think we've had many negative catalysts over the last six to nine months. their inability to knock the market down effectively is why the market is going to go higher. the market doesn't want to go down right now. >> the second quarter -- first quarter, excuse me, we all know about the dollar all knew about the energy headwinds and i thought this was a great opportunity for europe and emerging markets to outperform. i think you're going to get a case where you're still going to see asset reallocation. one of the things we've seen is

a lot of investors are looking for places that haven't rallied. i think some of that pressure means the u.s. doesn't have to outperform but i agree, i think we need something to take us through. >> we saw a day today -- bank of america had a great day trading well above, firmly above. >> firmly above 16 is actually a fantastic day for bank of america which it is though. so to tie into what guy is saying if we see rates have turned and are starting to hopefully inch up, not spike up it's good for all the banks and i think we saw a lot of strength across the board, not just bank of america which has been the last one to get out of all the troubles and not have a clear look on what the earnings could be. >> we also talked to warren buffett today and he talked about bonds being a great short right now and if he could in an efficient way short 20 30-year treasuries, we would. the corollary to that is if rates do increase to more normal levels which would be hand in hand to shorting bonds or bonds going down that means that stocks could be over valued at

this point. >> wait a minute. isn't there a very efficient way -- >> watch "fast money" once in a while. >> and that's been a head fake multiple times. the tbt is uplogical almost 8% week over week. but as much as i think rates can find a happy medium watch 225 on the 10-year. if we break through there, where do you go? do you go to 2.75%? >> respectfully to mr. buffett, people have been saying it's a bond bubble for the last 9, 12, 15 months. you don't have to look further than japan to understand this could last a lot longer than most people think that it can. >> there's a party going on behind us, by the way. that's going down here. let's get to the headlines on cnbc. quite simply the biggest names in investment all on our air all day long. let's get to the top trades. the special cnbc round up of the day's best market moving guests. we kick it off with the

aforementioned warren buffett who had this to say about ibm on squawk box. >> ibm earns infinite returns on a tangible common equity. those are very good businesses not just ibm, you can take the others, but those are basically very good businesses. we have a huge tangible investment. there is no net tangible investment. they are earning infinite returns on net tangible equity at ibm. >> guy? >> but ibm, again, that argument could have been made 12 months, 15 months ago. ibm has not traded well for the last two years. again, they have great businesses, they have declining businesses, but something is interesting. the last quarter i didn't think was very good. revenue missed again which is a theme we've seen for many quarters in a row. stock traded off but it's rallied significantly since. i wonder if some of that rally is they announced they're going to increase their dividend but a

lot of news out there in the sales force, one has to wonder is ibm in the sales force of crm sweepstakes. >> i think the psychology on the stock couldn't have gotten a whole lot worse. last quarter it was less bad. the eps was better. warren has a significant stake so for him to talk about what's probably the third last division in a positive light, also put it in the right context, i'm saying he looks at the business different and maybe somewhere in the middle of the first quarter when the stock was close to 150 bucks it was an interesting time for him to be jumping back into a stock he's long and think i want to own it here. >> he's a long-term investor probably the opposite of what this show stands for. >> that's why he wasn't watching. that's why he didn't know about -- >> what we're saying here essentially is ibm is not a good trade right now. it doesn't trade well. although the longer term -- >> although the last couple weeks it has traded well much better than it has in frankly the last year. wondering again is something brewing for ibm because it has

no business to trade in my opinion as well as it has since they reported earnings. >> to the einhorn effect making the case against fracking with some very choice words earlier today. take a listen. >> the higher oil price led to even greater cash burn. last year with $100 oil, the group burned $20 billion. the fraccers ersfraccers insist they are working towards growth. >> karen? >> well i love david einhorn and he's a brilliant investor and he does great work. for me though i would rather bet with david on the long than a short because you have sort of the two elements. you have the dynamics of the short and then the underlying story. so it remains to be seen if the long-term -- i think to see this unwinding the way he expects. it's been hard to play his shorts. another one athena there was green mountain and so as

brilliant as i think he is this is one that i probably wouldn't follow and i think they will probably trade close to -- if oil trades up it would be a long time to see this unravel i think. >> it's sort of an interesting time to say you're going to go and short a name like a pioneer. in the course of all this the companies have already announced plans to shore up their balance sheet whether it be selling off assets or doing some raising of debt or what not. >> i said that. a huge run. look at whiting. this is cyclically and where we've been in this rally. an darko just reported after hours. it was a classic relative value play and i give david credit for trying to find the companies that are less efficient and more efficient. meanwhile, crude is holding somewhere above the highs of last week brent is breaking to new highs. i think people who expect oil to go lower -- find the best of

breed but the oil prices have probably bottomed. >> the biggest point though -- to tim's point quickly, this stock has rallied from $130 in january, went up to $180. cooled off. they report tomorrow after the bell. maybe a lot of folks are waiting to see what they say. if they miss in any meaningful way, the 6% shortage will go -- >> is that where it was today? i can imagine the short interest skyrocketed today. >> it was about 6%. >> david tepper taking the stage. let's get to kate kelly with the latest there. kate? >> melissa, thanks so much. just walked out of a presentation with david tepper whose market outlook nearly almost takes news. he thinks the markets are at an inflection point. he put up a slide he thought was key. it showed the curve in terms of triple b bonds. based on that he said he thinks one of two things is going to happen.

either stocks will rally hard or treasuries specifically are going to fall specifically hard. now, he talked a little bit about china. he thinks the fact that the bank of china now engaging in fiscal onomic stimulus is going to be another inflection point for the markets. now, as we've seen with the shanghai index, chinese equities have really rallied so far this year and on this news as well. however, he says going forward the question is what's going to happen from here. he talked at length about how you have four feds right now. the u.s. you have europe you have japan, and now china, and they're all in essentially easy money mode. so what's going to happen from there? he had three seats of advice. he said don't be too long bonds don't be too short stocks and also he said tread carefully with commodities because it's kind of unclear. again, based especially on chinese behavior and the chinese economy what's going to happen from there, melissa. back to you. >> all right. thanks so much, kate kelly. that wasn't very specific. i mean it's sort of like

goldilocks finding just the right porridge. >> the benefit of the doubt, he's nailed a lot of these moves. talking about china, i think it's more monetary policy that's happening here. they are easing. they are going old school with the new school with the fed and the ecb. i think china is interesting. i disagree on commodities. i think commodities are finding a significant bottom. look at copper. all the guys that are copper plays are finding a place here. to me again if rates are moving a little higher and equities are a good play commodities will follow and that's part of the intuition there. >> the genius of david tepper to me is he makes what is arcane and complicated, he makes it very simple. what he's said is there is no reason to fight the federal reserve and he's been right. the stock market has continued to go higher and he continues to stay with it. >> if one believes that commodities are going to go higher, you have to be nervous about bonds. you have to be nervous about inflation. >> and he said don't be too long bonds. not too long. >> tightrope.

>> coming up next worried about user growth? you shouldn't be said a stop facebook official who will reveal the next big market the social media giant is set to take over. plus the robots are coming. i'm talking robo advisers and what is quickly becoming the fastest growing trend for managing your money. we'll sit down with a man who is leading the charge. and later old cigars and old cars pit bull has comments. and haven't for 35 years. with the hightest standard of animal care in the world, our whales are healthy. they're thriving. i wouldn't work here if they weren't. and government research shows they live just as long as whales in the wild. caring for these whales, we have a great responsibility to get that right. and we take it very seriously. because we love them. and we know you love them too.

♪ that was tim and guy yesterday trying to figure out how to work the monkey bars on ocean drive. they obviously had some pretty stiff competition. back back to "fast money" live from the emerge americas conference in miami. it's ground zero for the next great trend in technology and it's all happening right here in miami, florida. with more than 1.4 billion active users, facebook is the

world's largest social media giant but there's still plenty of room to grow. less than 50% of latin american population currently has access to the internet making the region a potential gold mine for facebook. joining us is facebook's head of international business develop for latin america, laura gonzalez estefani. >> thank you for the invitation. >> it's staggering when i read that brazil is actually facebook's number two market behind the united states. >> well you know we were talking right before it's just a continent itself. there's over 212 million people there. we have more than 19 million active users over there and most of them connect through a mobile device. it is a huge opportunity in the region. >> the other challenge though to that is that mobile typically companies don't make as much money monetizing mobile. how do you tackle that as you're trying to rapidly expand in that

market that's really accessing fab through mobile devices only. >> i would say first that as a region, 620 million people more or less. there's more mobile phones than people. the main goal of the company as you say is keeping everyone connected so in order to get everyone connected we need to make sure we have all our services available for every type of mobile device. it's a very kind of like more modern what we call a smartphone. in terms of monmonetization, we just gave our financial results last week. 73% was coming from mobile but our main main goal in emerging markets is more about connecting everyone so all those opportunities with the internet. >> in terms of getting new users, you're going to interesting places. you're not going to typical places in brazil. you're going to the poorest

areas in brazil and you have this fascinating program going under way in sao paulo. >> we just launched a month and a half ago this program where facebook has a small facility. it has like its own economy. more than 15,000 entrepreneurs and there's small schools and stuff, so we're really trying to educate everyone on how to use the internet over mobile device over the laptops that we have in the lab, how they can put their businesses on internet how they can more or less keep attracting other customers and have their customer support over there is that at the end we can help those guys move their businesses forward. >> mark zuckerberg is very committed to this region. he met one-on-one with the president of brazil.

i'm wondering how do you perceive brazil versus some of the other markets? most people when they think about tremendous growth they're thinking about china because the population is so much bigger. how would you sort of walk through what the important areas are for facebook? >> i think not only the president but other presidents that he met in general in the region, all of them and all of us are kind of like we want to partner together to make sure that we can bring all these people online. we know that over 80% of the people in the world are under mobile -- the problem is not that internet doesn't get there. the problem is that people don't understand what they can expect from the internet. so talking to all these leaders around the world not only in the summit of the americas, mark is highly involved in some other key forums around the world, they're always talking about what can we do all together next to guarantee that every single human being can access the opportunities that the internet

is going to bring. just to give you, for instance mark, he says that the next revolution to electricity has been the internet right? it really helps everyone educate, access mobile financial, basic financial services health information. it really keeps the people that are not connected or that are isolated to be in contact with what's going on out there in the world. there's so much we can be doing for those people today. >> laura, thank you so much. >> thank you you guys for the invitation. >> you're familiar with the market. >> it's not surprising. i would argue brazil is the social media capital of the world. culturally this makes sense. some of the questions are could a local player a brazilian player have more ability to kind of navigate the cultural elements? i think no. one of the reasons i like facebook here and one of the things we talk about all the

time is the scale of the platform. scale matters. stay with facebook these guys are doing great things. >> the only thing they missed on was revenue. but i still think the stock goes higher. goldman sachs $102 price target. i don't know if it gets there, but it gets close. >> coming up, who would you rather trust with your money, robots or a traditional adviser? we sit down with the man behind the huge trend that has people betting big money within the online advice police form space which could spell trouble for the likes of charles schwab. the co-founder and ceo of betterman's joins us live. much more "fast" from miami when we come right back. can it make a dentist appointment

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here is a question for you. can a robot really replace your financial adviser? one company is banking on it. betterman's a company managing $2 billion is taking on the big financial firms like charles schwab and vanguard with its own robo advising services. with us is the co-founder eli. great to have you with us. >> thanks for having me. >> how does it work? >> betterman is an automated investment service. we help answer the questions, what should i do with my money? we give people better returns. we save you on your taxes. we help you reach your goals. we're managing over $2 billion for 85,000 customers. we've doubled that asset base in the last four months. >> i'm a retail investor. why would i want to go to betterman whichive i have not heard of today until theoretically. >> i hope you have heard of us by now but we have built a new system from the ground up. it's a full solution that enables us to move faster than charles schwab to give you a

better experience. do things like give you instant deposit. you can open an account in five minutes and in the next five minutes your money can be invested in the market. >> can you fire your robot investor? >> if you're not happy, you're free to move on. we make that easy if you need to but our customers love us. we hardly ever lose any. >> eli, in a bull market this is great because nobody really cares, the market is going up the returns are great. we don't need to speak to somebody on the telephone. but if the word goes pear shaped quickly and you don't have anybody to call is that one of the pitfalls of the business? >> actually, a couple things. i think we can do even better in a bear market. we have lots of great cash saving features. that stuff really pays off in a bear market and our customers see that but we build in behavior guardrails technology for that we take advantage -- and our data shows our customers

stay with us. we can do as well or better than a traditional adviser. >> i would imagine this is a relatively new-ish model and building your assets is quick but recent and so the stickiness of your asset even in a flattish market how sticky do you think those assets will be? >> i think we have long-term relationship was our customers. we've been at this for five years almost and we see very low attrition rates. we expect customers to be with us for a long time. the number one goal that our customers have is for retirement. the whole account is based around goals. we're helping you reach those long-term goals. people stay with us for a really long time. >> eli, with he have to leave it there. thanks so much for coming by. we appreciate it. >> thank you for having me. >> how do we trade this? these big firms are now looking at robo advising themselves as an option for their customers. >> it's a great model and the model clearly works. how do you trade it well?

obviously schwab it's a way to look at it. look how effective morgan stanley has been since they bolted on that asset management portion of their business. the stock has got a higher valuation than goldman sachs and they probably deserve it. if you're looking for the best of both worlds i think morgan stanley still works. >> you have got to be afraid for models that have big financial advisers keys built in there. so potentially bank of america. >> coming up next mr. worldwide has some choice words about investing in the u.s. stock market when we sat down with him moments ago. find out what his grandmother talk him, him being pit ball about wall street. plus how does president obama stay safe from the never ending threat of cyber security attacks. find out from the u.s. chief technology officer megan smith joins us live from emerge right here in miami.

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which we discussed it. i guarantee you it was the most emotional panel at emerge because the audience was packed, many of them cuban-americans. three out of the four panel members were cuban-americans as well. also a guy named bill lane from caterpillar who is their lobbyist who actually just went down there with a bunch. company executives to talk about all the opportunities down there. you know the conclusion is we really don't know what's going to happen because even if the embargo were to go away today, the cuban government is still very much a socialist government, still very much in control and we just don't know how much they are willing to reform in order to allow investment. so it was a good discussion. >> and this is a tech oriented conference. there are a lot of other aspects. i think a big hope is that perhaps they would move to open the internet but how likely would that be? >> so that is absolutely a hope for sure and that is the way the regulations were designed by the obama administration for sure. i think a lot of people come up to me and say it's great the

cubans will now have the internet. i say hold on chinese make internet products. the cuban government has a great relationship with the chinese government. if the cuban government wanted the cuban people to have the internet they could have bought the equipment already, right? don't think just because we can sell them the equipment, they're going to buy it, right? certainly because everything has happened we're a lot closer than we have ever been before. >> so emerge is a great conference for a lot of reasons, one is because the leapfrogging we see going on in technology straight to latin america, it's cutting edge. if we don't think the internet is the first line you're looking at this thing, to me it's really about tourism and i know that sounds like a small thumbnail but it's a great start and so the hotels and the travel agencies, the shippers and then infrastructure plays. to me this is really your first bite on cuba. >> i think legally the first place that's going it see any real benefit, the airlines. they're going to be -- already the flights have increased dramatically. the cruise lines. >> those still legally can't but

we're on the verge where we will start seeing flights going back and forth from many many cities in the united states to many cities in cuba. >> and airlines like copa is a prime or even jetblue is doing innovative things. >> they already have charters running monthly. >> yetjetblue to me is the play. i don't know if it will move the needle but it's got to be a positive and if you look at what jetblue has done for the last couple weeks, it's finally catching up in terms of stock performance to a lot of rivals. >> thank you, michelle caruso-cabrera. the national correspondent here at emerge. turning back to the headlines, another big stretch of earnings on tap. time for the traders to take their positions ahead of two of the most important reports tomorrow. first up here disney. originally slated to report second quarter earnings tomorrow after the bell but moving its release to the morning following the death of dave goldberg whose wife sheryl sandberg is a disney

board member. >> disney has been a monster company, but every quarter they seem to perform. we've seen sell-offs after the quarter a few times but each time for the last few years it's been a huge opportunity. i think this is going to be the same. i'm not sure what analyst put $125 price target on it ahmed of earnings but i think that's where the stock is headed even though it trades close to 20 times forward earnings. >> you're long disney. >> i like disney. this continues to be a place where they are churning out new ways to reinvent what are an old school revenue stream. they have four, possibly five billion dollars franchises. i think the valuation is fair. they deserve a premium over the sector. $110 $115 is probably a place i start to get worried. >> herbalife out with first quarter earnings tomorrow. earlier pershing square's bill ackman called herbalife a scheme that acts on deception and said the company's performance is

deterde deteriorateing deteriorating. >> i'm not going to pretend herbalife but beginning in 2014 every bounce has been a selling opportunity. we're in the midst of one of those bounces now. >> buying growth has been a tough then. remove the corporate and activist element to this story and you have a company that's having a tough time growing the top line. the currency in the first quarter will be something that they'll have to talk about because these guys hurt as much as anybody. from an activist perspective, this is where you have to be very careful with the stock. this is a no touch for me. i don't need to play along with bill ackman. >> time now for special miami advice. the biggest movers of the day. we have big pop for shake shack up 7%. tim? >> a massive, massive move on a day when maybe it's even about how much better these guys look in terms of growth than mcdonald's. that's the story but you're paying an enormous amount of money. i stay back. >> mcdonald's dropped today. >> they announced their master

plan and it fell on deaf ears. their plan is nothing more than let's give the customers what they want. that's not a plan. the stock has had trouble for a long time reaching $100. to me it feels like it wants to trade back down to the low 90s. >> pop for lu lu up 2%. >> a company that's had some turn lation tribulations in the last 12 to 15 months. one of the things they are saying is their retail productivity is two to three times their peers. $64 to $66 on the stock, very important level to get through. i think you have to take a pause right now. >> a big pause for exact sciences up 11%. >> look at that quarter. yes, they're losing money, revenue better. look how many colorectal procedures they had in the quarter. outstanding growth. huge short interest up 11%. still ahead with cyber security at the forefront of national security the chief technology officer of the united states megan smith, joined us right here at emerge. plus the biggest winner of the fight between mayweather and

pacquiao on saturday may not have been in the ring at all. we have all the details coming up. much more "fast money" live from emerge in miami still ahead.

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the fight of the century ending on saturday with a victory by unanimous decision for undefeated champ floyd mayweather and while both fighters pocketed hundreds of millions of dollars the real winners may have been twitter's perry scope and meerkat. a look at how streaming apps disrupted saturday's big fight. there's somebody who said they watched the fight on their hand held because they were on twitter. >> the question is were they one of those people watching the fight either in the laflesh or via 100 pay per view that live streamed it via perry scope and its rife yalg meerkat. dick costolo tweeted of the match and all the talk the winner is perry scope.

but per scope's ceo tweeted on the defense. piracy does not excite us. we respect ip rights and had many people working hard to be responsive last night including myself. twitter saying in a statement that it received 66 reports from rights holders and took action against 30 broadcasts in response to the reports. twitter says the remaining broadcasts had already ended and were no longer available so therefore -- but they were able to respond within minutes. now, some say piracy on perry scope was rampant because the match cost $100 which is a record for the most expensive fight ever. now we'll have to see if periscope draws lawsuits. ahead of the match hbo and showtime filed lawsuits against piracy sites that promoted illegal streams of the fight. certainly a battle to watch. >> julia boorstin thank you so much. piracy from periscope and

meerkat just the latest thorn in the side of cable companies. those rules were adopted by the federal communications commission in february. publicly supported by president obama. joining us now is assistant to the president chief technology officer of the united states megan smith. megan, a pleasure to have you with us here on set. >> thank you. >> what does the cto. united states do? i think a lot of people are surprised that your office even exists. >> yeah we're embedded with the office of science, technology and policy which is where the president's science adviser is and we look at all kinds of tech together with that team. our office is focused on three areas. one is all the different kind of policy agendas so whether it's net neutrality or broadband for more americans, many americans are not online work that we can do around privacy, and big data around discrimination and privacy and make sure we're safeguarding there as well as helping america's greatest innovators do what they need to do. the second area we focus on is digital government. we're the country that makes facebook and twitter and amazon

those americans need to be part of our government and rotate through like a lawyer would do clerking with a job or you might see a economist come to government and go back to academia academia. it's now embedded at the office of management budget in the va and immigration, upgrading the websites so they work well and serve the american people the way we should. our american veterans deserve great services. the third really has to do with emerge which is how do you get more americans in on this amazing tech revolution and the innovation nation that we are and always have been and can be? >> what are some of the big issues. we were chatting in the break and i said net neutrality your office played a role in that debate and you said that's old news. what is president obama calling about saying, you know what megan? i need advice or i need to consult you about x, y, z issue. >> we work collaboratively across some of the big issues encryption, a discussion between the tech industry and law

enforcement on how to keep americans safe. areas of big data. how are we using data on behalf of the american people to help with services while we're still making sure that people aren't using it to discriminate. and for us we're doing a lot about, you know, i think if you look at things like the president's my brother's keeper council of women and girls, tribal nation initiative veteran initiatives, making sure all these americans are able to participate in the innovation economy that we have. we have a thing called tech hire and there's 500,000 jobs open in america, thousands of jobs here in miami. they're all over the country. how do we use those short course boot camps, three-month courses to on board all americans from all kinds of walks of life to jobs that pay 50% more than the average american job. >> you're from silicon valley. >> i'm originally from buffalo, new york. i was just up there this weekend looking at some of that but i've been living in silicon

valley recently for the last couple years. >> there's a tragic event that happened dave goldberg the husband of sheryl sandberg. did you know dave? there seems to be such an outpouring of emotion surrounding this individual's death. >> dave goldberg is salt of the earth. he was one of the most incredible people i have ever known. just love. the guy was so giving. anyone who needed help from him, he would be helpful and just so creative and, in fact a champion of women not only sheryl's work but women engineers on his team that just thrived. he was a wonderful, wonderful person and it's so shocking to all of us and our hearts go out to sheryl to the children to his family to his mother who i know who is so wonderful. it's really a sad day, a sad set of days for us for silicon valley losing dave. really one of the greatest. >> bright star there. megan, thank you so much. >> thank you. >> megan smith, the u.s. cto. we have had tons of heavy

hitters on the network all day from warren buffett to bill ackman to bill gates. coming up next we're trading the biggest news that broke right here on cnbc. much more "fast money" live from miami on cnbc. excellent looking below the surface, researching a hunch... and making a decision you are type e*. time for a change of menu. research and invest from any website. with e*trade's browser trading. e*trade. opportunity is everywhere. ♪ ♪ ♪ at chase, we celebrate small businesses every day through programs like mission main street grants. last years' grant recipients are achieving amazing things. carving a name for myself and creating local jobs.

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earlier today at emerge martine rothblat the ceo of united theirrapeutics captivated the audience. take a listen. >> i have to say that the trooilstrooilials and tribulations of getting a medicine approved are in my opinion ten times more difficult than getting a satellite launched into outer space. it is just a nightmare of false hopes, false starts disappointments, drugs don't work drugs can't be manufactured clinical trial is not done just right, you just missed a statistical end point. i think eventually they will be capable of having its own consciousness, it's own autonomy, it's own desires, it's own -- >> it's own organic thoughts? >> it's own organic thoughts. i think it will eventually want to be respected as a separate

individual and the lawyer in me says eventually it will want its own legal rights. >> she is brilliant, brilliant. i don't know where you can go. >> i know that was one of the most fascinating interviews i have ever seen and you did a great job of it. she really was incredible. some of it is so out there you can't even imagine and yet some of it is so right now today, fascinating things that she was doing finding a cure for her daughter's disease. that really was incredible. to me one of the most interesting parts was that clip we showed about how difficult it is to get a drug through the regulatory process to the finish line. we've got to do something about that. >> and she also thinks there's sort of a -- it's going to be compressed, the time frame from developing the drug to getting it on the market thanks a lot to technology. >> it's that kind of can do attitude that i think is what gets the entire bio space so excited.

she mentioned it's almost like hey, let's invent it and let the rules and the laws evolve around it so it's almost as if hey, let's not get bogged down by things that might in other countries be a reason just to not get started and it's very exciting and it explains a lot of the biotech rally and she's very impressive. >> everybody in the audience didn't have a chance to hear what she had to say, but it was unbelievable stuff. if you believe in her and her vision, the stock has been parabolic now. gone from $100 to $170 or so. they speak at a conference tomorrow, report middle of june not a big valuation, big short interest. you own it for her alone. >> martine wasn't the only big name we heard on cnbc. actually a very very big day across the board. take a listen to some of the heavy hitters you guys had the privilege of listening to on cnbc today. >> if i had an easy way and a nonrisk way of shorting a lot of 20 or 30-year bonds, i would do it. >> the environment with low

interest rates globally is so unusual, and it really shouldn't persist. it creates problems in terms of leverage. >> and i think that everybody is relying too much on these monetary tricks. >> i think the public markets are doing a very good job of valuing companies. i think the private markets are not doing such a good job. >> i did some semi hostile things very early on and it wasn't much fun. it isn't the way to go through life. why not find a wonderful company and join them rather than find a so-so company and get in a fight. >> what i would say is i think short selling is a very very healthy thing for the markets. we had a housing bubble because you couldn't short housing until you could. once you could short housing, the bubble deflated. >> we call it the mother fraccer. but everyone else will know it as pioneer natural resources,

ticker pxd. >> sure i'm worried that it's crowded but in that business we always were. we're worried when we own something everybody is negative on. i was hoping david einhorn wasn't going to recommend a short in something i was long. >> curve has been steepening and that's indicating it's not going to raise interest rates this we're np. >> something my grandmother told me when i was very young. never play with the stock market. so i'm very careful on what i do and i don't do with it. >> we have some news here. let's get to dom chu. >> what we have is shares of jar din up 4.5% on 27,000 shares worth of volume. this hafer positive comments from hedge fund manager bill ackman at pershing square speaking saying that shares of jar din and company likes it are perpetually undervalued. as a result those shares popping

5%. 29,000 shares of volume right now. jar den again is that company that's behind a lot of brands that we all know about. everything from bicycle playing cards to mr. coffee home appliances, also on the skiing side of things. k2 skis, marker bindings. this is one of the brand companies with a lot of brand you understand its umbrella and those shares apparently according to bill ackman undervalued. melissa, back to you. >> this is also a company that has a long-term history of continuously raising the dividend every chance it gets. >> they made -- martin franklin the ceo, he might have gone to school with you. he's a genius. people don't understand the company. they're starting to now. they're sort of like a mini dana hur the way they grow by acquisition. bill ackman is probably spot on. >> people were afraid for years this would be sunbeam like.

they have bought these different companies whether it's yankee candles or crock pot. >> it's seemed to follow through. >> i just want to say one thing about pit bull saying nunca -- my grandmother said never become an international pop star, it's not the way to go. >> we'll have more from miami. stay tuned. portfolio. monitor it. and automatically rebalance it. all without charging advisory fees, account service fees or commissions. that may be hard to compute. but i'm a computer. so trust me. it computes. say hello at intelligent.schwab.com

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time now for the final trade miami style. karen? >> you cannot see an interview like martine and not think i have to be in the xpi. i want to say happy birthday to my little sister leslie and sean and larsen who are watching. >> unbelievable place, emerge is a great conversation. a lot of stuff going on here. tbt, rates are going higher and i think you have to watch this one. >> guy? >> thanks miami for having us and barron's talked about

blackstone. everything we have been saying bx heading to 47 bucks. >> i'm melissa lee. thanks so much. it's been fun being at the emerge america's conference. my mission is simple to make you money. i'm here to level the playing field for all investors. there is always there. "mad money" starts now. >> i'm cramer welcome to "mad money. welcome to cramerica a. my job to teach and educate. all or tweet me at jim cramer. what did we rally today? it the warren buffet halo the recognition maybe the world is