it's wednesday and john ford is out and the as well shelly palmer and president of ceo and then one and new york times and then mike and good to see both of you. talk about facebooks future and the development conference and right now and ten year. it's so much absorb.

>> and that's the primary and the president and then it's the vision and the future. >> shelly, we heard from the spoke ises person and mark needs to get off the high horse. >> i don't want to talk politics again. it's a vision and then it's two different cases and then there there to connect that. he believes that and the company executes that and then the vision and then the execution of excellence to drive the shareholder values. mr. trump is entitled. >> sorry donald.

>> there was not any mention on the road blocks and this prebasics and then the regulator. nonetheless it seems to be a big picture. >> there were hidden gems and then the the message and we go back and then they're going to be there and what is the television set and what is it to be a tv and that's a good con september. that's a decade ago. >> that's this morning and called the app and economy.

>> it's there and like ten or 15 and then the box and then it rises to the the top and is very good. i do think that this is the wave. >> there's on parent poan impor that and then the the apps were created and to find out what rose to the the top. they're going to automatically become better or use as they get used more or less. we're coming to a whole other

place. it's going to be fun to watch. >> yeah, the companies are working with the messenger and when does this become a vileable business for facebook? >> well, it's promoting the the had mess sauages inside and i t that the long term is to get the businesses to have facebook to be used as a customer service channel and maybe to find different ways and then i think that companies right now they do not care. they see things to scale and realize that they have to get on board immediately and then just figure out the money stuff later. >> okay. we're going to talk about this for a long time to come. next up according to the post the fbi paid professional hackers to hack the san bernardino cell phone. the government now has to decide

whether to disclose that flaw to apple or keep it to themselves. interesting piece and getting familiar with the term white hats and meaning those that uncover it the for the course of goods and gray hats that these guys maybe. what do they do? >> yeah, this is the deal. this is never a question and it's not the case if it can be hacked. it's a five seed. it can be hacked. whether it's a flaw in the security system and no one in town before and you went in there with the 5 c. it can be hacked and then it's like hey, i want a back door to be built for the piece of software. once you build a key, it can be copied and usually without the owner knowledge. we can not have that in the world. to look at this and to share the the secrete with apple. i don't care.

the 5 c is over. the 6 s or the 7 when it comes out. the people do though the want to have the conversation. we needs to have it. they say that my personal information, i have nothing to hide. yeah, you do. it's called the bank account. encryption is for everybody. >> it may not be legally required to tell apple what the the flaw was, but what are the ethics around this. that's the question that we're asking now. >> yeah, it's interesting because a lot of the exceptions were, you know, this particular phone and does not matter. the government is trying to win this case with apple to set a precedence so that in the future when they have to come on knocking for the terrorists attack they will be able to do that. now, you know, thesy were able o get the hackers and then in form

the companies. the question is are they going to help apple or are they going to use the flaw to continue to do the same thing. honestly i don't know. this case has not been able to help it with the government as they have seen on the way out. >> yeah, and how much goodwill. >> in practice it's not going to matter. there are hackers available to everyone. if if you know who they are, you can pay them gray hat, black hat or white hat. they will do the bidding for money. that's what they do. if they're under certain stresses like going the jail or help the government. it's like government reach and what kind of world do we want to live approximate in. should they share the flaw with apple? they do not need to do that. the operating system is over. we're not going see them manufactured that way and never again. find a flaw in the iphone seven.

>> so there's not one that it could exist in the same form? >> no, because they're built in a whole different mechanism for securing the phone. again, this is encryption written large, and therealways to be somebody that's better. today they're better ask and they're going to o go that way. as long as it's a small group of hackers, we're okay. when it's anybody, it scares me to debath. >> yeah, i was going to say too that apple this all could have played out behind closed doors, but apple decided to make it public despite of the government and instead of the principal stands and then there's the direction of apple being embarrassed because there's a security flaw in the phone that they did not even -- they had not found themselves and now they're relying on the government to help them out. >> right.

>> so pr wise, it's not very good. >> yeah, i was going to ask you whether or not people that were surprised to see this and it could be done and in fact it could. >> everyone knew it could be done and apple knew it. it's very embarrassing and most importantly and i keep ongoing back to this and it keeps ongoing back to the ball. every business man has to have with every single official. the technology is so far ahead of the legal system and we have to catch up. the security of the whole building is based on encryption. we can not have a flaw in that technology. >> we need to get congress on the case. >> please. >> thanks to have you together. thanks for being here. >> thank you for having me. jp and morgan rally and they're back at headquarters to

break down what we saw in the first quarter. >> yeah, both rev thu and earnings are down to beat the expectations. the key factors and well $691 million and it's slightly harder and then however the guidance for the rest of the year was estimated at 500 million and then the total ban for the first quarter itself. that's helping the market. it's done to 24 percent and then on the mma side and saying that it could approximapersist for a or more. it could see the improvement and then that's being okay. the living will is to debate and also came up and complicated and the process that's going to continue to work with the regulation and then what they said. the bottom line was outlined

right here. zblst the company and it's extraordinary. $400 billion and 300 billion of the corporations and securities and just about the very short term and really a top quality and then the type of stuff like that and trading book is 300 billion and that's mostly a liquid stock. it's going to approximate extra. >> there's much more of a focus of the earnings and then it's going to meet the living requirements. >> yeah and three and a half percent gain and one of the comp rabl lines and they all have different business models. that's the cost cuts and they're going to the deep cuts and i am concerned what about they say about it and it's rarely so cutting. >> yeah, it's two percent and

then they go back to regardless of the two percent of expenses opposed to three percent and that was looking. it did not really come through the head counts. that's a slightly more positive aspect and then it came through and then the the minor expenses as well. we still have it off set and then the the banking and then round about to two and a half percent. that's some kind of expenses and then the energy guidance and then it's coming back here. >> well, we will see if the other banks are growing for now. now back to headquarters. we do want to check on how jp and morgan is helping the dow out. it's in the middle of march and

it's the the best rally since early march and going for the second day of the big data day and then 13 points and nasdaq is currently up 50. youtube is a torn in the side and growing faster than most services, so is streaming video the answer? the deep dive on the five, ten, 15 year plan and then a lifesaver. we're going to the talk to one doctor that says that a fit bit helped to save a patient's life in the er when we continue.

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it was going to generate profit. the ceo and as of this week is expanding to san francisco. >> good morning. >> so 900 million nonpaying listeners and 700 million views. what are you competing with? >> well, the scale is certainly a global scale. it's not for the united states.

the music video is vivo and their own products like youtube and others. i think this type of content as being attractive as audience as it is. you're seeing a real appetite for that and in particular in a world where mobile connectivity is really here and here to stay. we're seeing 60 percent on all mobile devices. for us it's what they spend. >> so for the music producers and videos and the next chapter of the music industry, what does vivo offer those folks this is

more beneficial to them than the services? >> well, for us it's all about the aid owe and helping to discover new artists and we have been extremely successful in doing that and supporting that and a couple of months ago we have gone on the record and talked about the ambitions and launched a prescription surge. so the combination of the support business models plus the subscription will have an opportunity and not offer the artists and song writers and producers and offer them a

check. so we're here we can have a more way of the artists and there's an amazing opportunity there to create the relationships and offer opportunity for better monitoring as well. >> eric, this is a far field but i would love to get your take on a piece of news and that's the the buzz feed. the report that they missed the revenue target and companies pushed back on it and vanity fair says that it's the beginning of the end of the search for the media and digital and audiences. are you in that camp? >> no, i am totally not in the camp. if i look at the numrs that we see with vivo 17 billion views and growing fast and we even work together with with nelson to try to compare the tra dugsal

reach and that's online reach for the video. it turns out that on any given day now. it's a top three for the network and so i think in my view the indicators are pointing in the other direction. this is just the beginning and we're only going to see this continue to grow. >> eric ceo of vivo thanks for joining us. >> thank you. up next the last game of the 20 year career tonight in los angeles. we're live at the staple center in just a memt.

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kobe bryant is set to play the last game of his 20 year career and we're live at the staple center with more. >> they just open oed up the team merchandise store and it's going to be an epic night of basketball as a legend says good-bye. first the legend and after twenty seasons with one team, he says good-bye and retiring with five nba championships and career earnings and that's just for basketball. here are some more numbers. the average ticket tonight and the average is $2,100 and you can see the stats and the merchandise sales are up and then there's the 24 carat hat

going and then a special kobe t-shirt. >> kobe has the number one selling item with the legends are forever products and the warriors are the largest selling team many in the usa. >> one word that summarizes him. >> unstoppable. >> obsessive. >> fareless. >> unpredictable. >> respect. >> maniac. >> respective. >> tributes are coming in from everyone like in the nike ad. he says that there's one question that athletes keep on asking. >> i get asked everyday what are you going to do next? where does that drive go next? i get that all of the time now. when they say that, i say i don't know how to swing a club

but just get fat and hang out. >> tiger sent out a tribute and saying there's a hotter ticket and seth curry will try the to end the regular season with the winning record and 73 and nine if they bet the grizzlies and then the iq say that is the seats are going for 18 grand and espn has decided to put it on espn two and the warriors game on the main channel. back to you. >> yeah, a lot of discussion what it means that they is playing in the warriors shadow. fantastic stuff in los angeles for us. take a look at the live shot at brooklyn where bernie sanders have joined the protest in the verizon workers that are on strike. if you missed it nearly 40,000

work with ers on strike. they have not had a contract since august. we will get the headlines on that and bring it to you. when we come back facebook in the greene and mark and mess engi enjer and the one and only in a minute. ♪ ♪ for your retirement, you want to celebrate the little things, because they're big to you. and that is why you invest. the best returns aren't just measured in dollars. td ameritrade®.

. once again a live picture of presidential candidate benrnie sanders walking to the picket line as the workers go on strike this morning. the new york primary is next tuesday and getting closer and closer all of the time. 11:30 on the east coast and an you update with sue. >> thank you. a strong earthquake struck over night and felth in parts of ina and bang la dash. so far there's no reports of injuries or damage. migrants and refugees in greece ripped away the barb wire and then several people were injured in the clashes. pope francis telling follower in st. peters square

saying that he will travel on saturday the to express solidarity to migrants and refugees. they have been reported under a union and the program. amazon rolling out a new kendall e reader today and then the kindle is priced and then the most expensive in the range and it will start shipping in two weeks. that's the news up p date this hour and back downtown on squawk al li a will alley. far out pacing what is happening here in the united states. what you can see it's four percent and that really is the eye of a lot of the rally and in general it's about the banks, the big banks across europe are rallying today and they started before the gp morgan and then

the charter we spoke about yesterday and then it's hsbc is higher and all of the the banks are higher and then there's no obvious reasons for that. whether it's a short covering and the ananticipation, what knows. today it's there and gaining into the close and particularly the the smaller ones. now we know that the credit and then it's both computing a billion dollars and that's 3 billion from the the banks overall and then the the return for that and then it's according to one of the ceo's and one of the state of the funds. there's a warning what they're doing today and saying that they're a considerable risk to the large banks. they're being called upon to support the government efforts to prop up the efforts and preserve the financial stability and financial profiles will weaken if they call on to

continue to provide the extraordinary support. the reason that we're doing that is the government and these are the rules of the european union. the sources are surprised and again today and the rally is really from yasia and then you see the figures on the screen. back to you. >> simon, thank you very much. we're getting bernie sanders speaking at the verizon picket line. let's take a listen. >> i'm here to take the way for the health benefits that you have earned. they're going to access the j s jobs. they want to give the ceo $20 million a year in competition. [ screaming ] .

>> they want to lower pay grade. [ screaming [ screaming ] . >> today you're standing up not just for justice but for verizon workers, but you're standing up for millions of workers and americans. [ screaming ] . >> it's in the country and they're not going to be continued to push, battle and battle and battle.

>> i am here not just for the support, but i know how hard it is and what difficult decision it is. i know that you you know a whole lot about it and the families are going to pay a price.

>> on bar half of every worker -- >> that's bernie sanders calling the company a large greedy corporation. as you heard some comments about the ceo pay and saying that i stand with them today referring to the nearly 40,000 workers that were on strike. facebook's big announcement and all of the announcements are engaging and they could have a real impact on a range of rivals. we're in san francisco with the details on that with julia. julia? >> yeah, the head sets could have a mass implications across the media. >> a lot of the things that we think about as physical objects today like a tv for displaying an image will actually just be $1 apps. >> for now the facebook is for live stream asking tap in for

the video ad and they dominate. when it comes to live that facebook users spends three times longer facebook has a heard start. google is working on a live streaming app, and live is also a direct attack on the twitter app. jp morgan predicting that facebook live video is almost certain to impact par scope and giving the scale into integration. now, twitter is under attack from the facebook to the customer service on messenger.

>> wow, we have to wait a if you more years. as we're watching the developments the editor and the large has a column out on messaging slack and saying that it's better than e-mail and offering improvements and we're live joining from nbc. good morning to you. >> good morning carl. >> let's talk about it really quick here. has facebook reached the point to destabilize the platforms at will? >> well, i think that they reached that point a whole ago. for a lot of people they're the internet or the web, and they just -- they're like a giant law with new kind of content coming in all of the time. i am going to be interested to see what's happening with the video of course. if facebook will become more than half of the video and particularly live video, i

wonder if that's going to change the nature of facebook and therefore people that feel comfortable posting there. >> you're always better cannibalizing yourself. i am saying live video being started and we do not really know and then the par scope of twitters vision is relatively new and i just think that there's a lot of people on facebook and a lot of average folks that feel comfortable posting pictures or status updates or links to other things and may not feel comfortable doing live video and may not want to watch live videos. these are made and maybe there's a second nature to every, you

know, family and students in america and it's fun. it's a question mark in my mind. >> is it the the way that we communicate and it's still on the verge and maybe not yet there? >> yes, i think that it's both. it's about the slack products and slack has taken off like wild fire and started in the tech and media and a lot of companies and industrial companies and all kinds of companies use this now for communication because people were tired of the e-mail chains and the whole mess of trying to communicate with the e-mail.

slack become something f of the same thing. it's just overwhelming if you're in an organization and say 40 or 50 people and everybody knows something by site and you're in a bigger organization and maybe much larger. some are coming at you and following them like if you go to a meeting and try to do some other work and come back, you feel behind all of the time. >> yeah, we still have not figured out how to disrupt the reply all. while there's a piece in the journal a couple of days ago talking about e-mail is the right of passage and the way that i first received it it was something that my parent s did for work. what happens to g mail and yahoo

mail? >> well, if that's continues to be the way the younger people think of it and they use it less and less it's used. i can see it in my life. i don't know about yours. i am not young, but in the general course of my personal and professional life, i get more than i used to and teach and facebook messages and there's more slack. e-mail has a lot of competition and it's fading to some extent. it's not going away. one point that i made is the slack and i talked to stewart the ceo and it has not been replaced and even by slack and i don't think that it's dead or going away. i think where as ten years ago

you would say that it's a principal way to communicate digitally. that's not so true anymore. >> yeah. well said. we will talk to you soon. when we come back check out the markets that were close to season highs and dow is done and what's at play in just a moment. ♪

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we're finally to believe the rally. we will debate that. we shift through the numbers that are bargains and at home living. how about ferrari. the new detail. that and more and carl, back over to you. >> thank you. thanks carl. today is going to be a fun one. i just love it and many out there say for every sunken ship there's a chart room. you're right. that's a cursor to the trade in many ways and taking a lot of different signals created by a lot of different approaches and analysis and then they sleep

now, take a look at it. now that you have those, we're going to go to my charts. starting today and the five year note this is not the the same and this is a general wave chart. it's simple. we have a double bottom going and then at 112 and then the second week in april was 49. why are these important? because we have a double bottom and considering whether it's boone or moving to the upside or confirming up, it does not necessarily mean that they have to go higher. actually i think that this is more about the support and seeing what happens. i still contend that if you take a view of the fields, sometimes i feel that we're going to get close to two percent. it maybe a long time before we

do so aggressively. second chart and then frontline oil starting in july of 2014 and then any of your elliot waivers let's assume and that's an easy assumption and then one, two, three, four, five. that's the the five waves and then the funny thing happened and then we developed a nice and very nice tight wave pattern. now here is the key. if you look at the t200 day moving pattern and if you look at march, this is a 41 45 close. now, will it hold it out, i can't tell you. i will tell you that a lot of the investors will put a stop there. they're offering it as a fake out. let's give it a day to consider.

it's more than important and everything starts with the first step. kayla, back to you. >> thanks rick. up next where the teches can be a lifesaver. where a doctor says that he was able to save a patient's life thanks to a fit bit. that story and more when squak alley returns.

great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend,

if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. just week after getting a fit bit for christmas a man found himself in the er after

suffering a heart attack at work. they helped the determine the treatment and one of the doctors dr. alfred and chief of medicine at our ladies of lords joins us now. doctor, it's great to have you here. >> thank you. >> human judgment saves millions of lives everyday and how did you notice the the fit bit and how did you decide to use that had in the treatment that day? >> it's interesting and it's not the seizure that caused the problem. what the fit bit allows you us to do is show us what time it occurred. he could not sense that the the heart was beating irregular. it's to basically put the pads on the chest and put them to sleep and give them a bit of a

shock and the problem is that you have to do it within 48 hours of when it started. if someone does not know, you do not know if you can shock them or not. actually it was the advanced practice nurse that was doing his in take and physical and noticed that he was wearing the fit bit and her that decided let's use this and see if it will tell us when it started. when she did that, she was able the say that it just three hours ago. >> interesting. what do you think that the implications are from an insurance standpoint. there's an upside of this. a lot of the manufactures do not want to file with the department of health and being listed as a medical advice. >> that's true. in the case for it we put out and what we found was that this is not an approved medical device. if you're going to use it as a

physician, you're doing it as your own discretion. you're right and you're looking to see if the heart rate is between 70 and 75. so the accuracy of the device does not have to be good for that. >> of course it might be some ways away from the fit bit and other devices and then the description device. what kind of patients would you recommends to wear something like this to give the doctors a look? >> well, it's been there to put a monitor on someone and follow them for a couple of days and you now there's the devices and then the quarter to do that. they're expensive and this is an in expensive way and i just want to see ho hw frequent hadly youo into it and how frequently the

heart rate drops and have the busy dizzy spells. they're not going to replace. >> keep going doctor. >> they're not going the to replace the highly accurate medical technology that's out there but it's a kind of a quick fix to take a look and see can i condemn what's going on with the individual. >> well, an amazing story of this one man whose live was saved. we appreciate you being here to talk about it. >> thanks for having me now. when we come back mark zuckerberg taking a shot at donald trump during the keynote yesterday. what was said and the trump campaign response when we continue. ♪

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are they distancing people and blocking free expression and free trade. instead of building walls, we can help people build bridges. instead of dividing people, we can help bring people together.

>> that was facebook ceo mark zuckerberg taking a threat at front runner donald trump yesterday. in case you mentioned it trump spokesperson mentioned. >> it's not so proactive and we can talk about taxes and immigration, approximate bbut t put food on the table and when they gives up the security and moves out of the neighborhood and then comes out and lives in the border town and that attitude would change. >> that's a tough mid-morning and now trading down to more than a percent sand csla has moe to say. >> heard on the street at the journal this morning saying that the the quarter of a trillion

dollars in market counts facebook is add issed is not li the growth we're seeing. >> for the most part the banks are helping to help the gain and let's get over to the headquarters and melissa lee and the half. welcome to the half time report. i am melissa lee in for scott today. all clear for stocks and that's us for the hour today. let's look at the job and margr markets and leading the rally today and then after jp morgan beat them also strong and so we asked is this all clear that the the stocks are going to had hit the high. yes, what do you say? >> there's not a clear. this started off the way that we wanted and jamie came out and we had just the other day