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good friday morning. john forte is out today but kayla and myself are holding down the fort so to speak. joining us from washington re/code's executive editor kara swisher. does she have politics in her future? but first up the spt calling on the sec to open up the market for cable boxes. here's his explanation in an interview with yahoo! finance. >> it's been tied to the provider and you rent it and consumers spend billions of dollars on this every single year and there hasn't been much innovation. >> it's a great issue. it's a great consumer issue and there hahn been -- look at

those, they're ugly and second of all they're expensive. third of all you don have a choice. i have a lot of boxes i plug into the boxes like an apple tv but it just makes sense. it's like when we used to have to buy the telephone the telephone company wanted and it came in white or then it came in white or black or something like that. so it's a similar situation and a great topic for him. it's perfect for him actually. >> the blog post from the white house says this is just the mascot for the initiative that they plan to launch asking pretty much every agency to think about how they can get the companies that are in there to innovate more. is this a new frontier for antitrust? >> it's a suggestion. it's a forceful suggestion. we're going to do it for you if you don't do it. they'ren the airline space of opening up more airlines and things that you're forced to buy and cable box is something that

everybody can understand very easily and they pay too much and so it's a perfect example of where innovation is and on the other side the cable companies will say the googles or the apples and the others in the world or your firemens in tech and the set top box is the control panel for the future and those are one of the reasons it's going to be an issue of contention. >> we see this akined to pharma. they'll argue the money it takes to create these products, design them and distribute them. how long is the period by which you get to return that investment. that's going to be the question, right? >> they do provide the service. the question is should they also provide a box that's substandard? and we can all agree there's been no innovation. they will say it's been innovation. but it's at their pace.

they have done things like voice search. that's interesting. the guides are better but why should it be one company that decides this? that's the concept and it's clear that barrack obama is no friend to the cable companies at this point. >> how much does this add to the cord during cord cutting? >> well, you know, that's the question. so many statistics showing millennials don't buy cable at all but they could access these boxes and if they had more innovation in them and apps and gadgets and things they use you could make an argument that they wouldn't do that necessarily but they vn had any innovation. it's pretty much you plug it in and you get television. there's so much more with a smart tv. and it's changed rather dramatically and it's everything in the home and that's where the action is right now is the home

and that's alarms to your television and entertainment so it's an interesting area to do this. >> next up, microsoft suing the doj for challenging it's use of secrecy orders that prevent them from telling them when they get a warrant to read at the mails. 3600 orders. >> yeah. more i think it was like 5,000. the numbers are really quite astonishing. it looks like the government comes in and asks for whatever it wants and a lot of these tech companies now after the apple situation are pushing back and we're hurrying our consumers, you're searching for things in an open ended way. we need to tell consumers they're being searched and the argument on the government side or the fbi side for example they

know they're being searched and we want do our searching in quite and it's an issue around all of the devices and i don't think facebook is going to get dragged into this in some manner. and by the thousands. i was surprised by the number. i don't know if you were. >> i'm curious whether you raise this issue in a lawsuit until that number reached a critical mass or if you think that the relationship between silicon valley more broadly is afraid to appoint it. >> everybody has been watching that very carefully and before they were looking back around the nsa stuff about two years

ago so they tried to join together and there was a lot of disorganization around it and all of them feel like all of these government requests have gotten super for them and they're becoming random and not clear and they have to tell consumers, who is more porn? your internet company or the government or your digital company and the government? who do you trust more? it's a really interesting situation going forward because everything is on digital. all of your information is on digital and now there's going to be a tussle over getting access to it. >> a lot of people wonder if this is going to reach the fever pitch that am versus fbi reached. is it going to get that hot? >> i don't think so. you had a terrorism case and it's dramatic and this is more complicated and complex to understand but i think it depends on how microsoft pushes it. if they say look, twitter has

the same opinion. twitter has been very out front and it will be interesting if it sparks public imagination but in general the topic of this, the government and the internet companies and access today at a is just a riveting one on all levels. democracy levels and business levels, government levels, privacy levels. it's going to go on for awhile. >> do you think we'll look back at 2016 as the year that washington and tech finally fell out? >> i don't know if they fell out. there's a lot of people in washington that actually do agree with it. i did an interview with ash carter the defense secretary that's for strong encryption and protections so there's even a debate within the government over how this should play out depending on how you're sitting in the government. s going to go on for a long time as we move more and more into digital everything.

the internet of everything. health care and driving. every single thing. >> i've said it a lot. people don't pay attention for me and i said it at a gathering the other day again. i've said it at this event. no one believes me but suddenly everyone believes me and it's actually true. it's true carl. i do. i do want to run for mayor. >> how do you think you would do? >> i think i would do fantastically. look if trump can run, come on, tell it like it is. i have the brand that -- i don't, you know, i'm not going to insult everyone. everyone is a winner in the kara swisher administration. not a loser. and i really do believe in civic duty. you might find it strange but i think it's really what's

happening in politics now is exciting. no matter what side you're on and i think it's really important for citizens to get involved in their government. you can't sit around and complain about government and say everything is wrong. this is wrong and not involve yourself. there's an old saying my grandma used to say it a lot. if you always do what you always did you always get what you always got. if you continue to sit around and complain you're not going to be the change you want to see in the world. there you have it. >> 2023 is a ways off. why not before then? >> because the ceo of fox won't let me. no i had breakfast with him this morning. he said we have 8 more years. we have a great business we're building in san francisco where i am an employer and it's exciting what we're doing right now and we'll see. i have always wanted to run for political office and why not start at the top i say. president was taken. but, you know -- i'd be the worst president.

>> what were some of the issues that pushed you to the edge to say this is something that i want to and i'm going to do. >> i think reporting on a lot of these economic inequality that we have been doing in re/code around tech and the city as we grow between the rich and the poor and especially with tech as the most innovative sector in the country and the city. the fact that there's so much disputing going on among all of the companies which are bringing very exciting innovation at the same time can be very tone daef to the rest of the city and where it is. that's something that really struck. if anywhere it works it should work in san francisco. they have to come up with solutions or everybody has to come up with a solution to solve -- you have been to san francisco. there's glaring in equities. you have the street which is are the infrastructure is decaying and our subways and everything else and you have the sales force tower going up and linkedin tower going up and there should be smart solutions to bring this issue.

when you're in san francisco, it should be to that and then there's fighting almost continually and there's a lot of fresh ideas. it play not be me obviously but a lot of people have to get engaged to figure out the persistent problems that plague lots of cities including san francisco. >> are you able to do any work in advance? are you able to start -- >> well, i'm hiring you. >> no, it's a long way away. i do find it interesting how fund-raising has changed, what bernie sanders has done. there's a real change in how you reach citizens and how you inspire people and i'm going to be looking at that and study it but i'm not fund-raising tomorrow. that's hillary clinton in san francisco tonight. she is doing a big fund-raiser but no, it's quite early, carl, but i know that you're one in the kitchen cabinet of course. >> this is after the yahoo! bid. >> yeah after we buy yahoo! or

fix yahoo! >> i could either be ceo of yahoo! or do this and i felt this was more attractive. >> you have some time kara. >> kara we're going to be watching no matter what. >> i'm going to wear the glasses. do you know what i mean? that's the brand. making san francisco cool again. >> kara, we can't wait to see you again. thank you for coming on every friday as you do. >> and quite an auspicious live shot from washington there. meanwhile, the markets just turned positive for the dow and the s&p is down by a fraction of one point and we did see some stabilization out of china and gdp. consumer sentiment did hit a 7 month low but we're trading at a fairly narrow range today. the dow above the flat line. down to 5 decimal points there. s&p up a fraction of a point and nasdaq is up by a fraction of 1% as well. citi chairs we have been watching them all morning after the earnings beat on the top and the bottom line. they were up more than that but

they think the first quarter will be the worst in that department and shares rallying after going public today of course they tried to go public two years ago stopped by a software glitch. the stock is up nearly 20%. >> when we come back the most contentious democratic debate so far. what you need to know about hilary versus bernie. plus it's now clear that pretty much no one needs an apple watch. that's the headline. the author is going to join us live and facebook making a big push on live video as you know at that developer's conference this week. we'll talk with two companies work k directly on the new platform when we continue in a moment. ♪

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the fed has for those with assets has driven up prices and asset values but that's not built on anything real. it's not built on an increase in the value of those assets.

it's just based on playing games with money which means a crash will be coming. >> meantime, cruz's challenger john kasich took a not so direct swipe at senator cruz during an interview with larry kudlow last night. >> motorists think if a politicians lips are moving they're lying. so i can show evidence that what i say i have already done and i can accomplish it again. i move this system down there. >> and your inferring strongly that senator cruz does not have the leadership skills. >> he didn't accomplish anything the whole time he's been in. i didn't do this all this time but now all of a sudden, i can do it? come on. >> what can we expect come tuesday? cnbc contributor joins us from washington. 95 delegates at stake. obviously the rhetoric is getting amped up. how do you think it plays out?

>> i'm he has tansitant to say e may need another republican debate. these guys are really going at it. starting to get personal and i tell you i would love to see like another republican talking about someone like the new -- it's been awhile since we had one and some of the issues that we're hearing whether it's the living wills or the banks not passing muster. whether it's the great tech issues or encryption or microsoft and the justice department. there's real issues i'd love to see debated. we're not going to have that before the new york primary and as far as the primary goes if it keeps going as it is going which all the candidates keep muddling through, if someone should break out at all then maybe we don't but that's where we're headed. >> do you think that those issues that you just mentioned mean enough to folks in buffalo, in rochester, and not just the people sitting at desks like these in new york city? >> i'm not sure those are huge new york city but certainly the

issue about the banks is a big issue but we still have the big california primary in june where the technology issues might be more important and they're still debating. i would love to see things on the republican side. >> jim i was going to ask how you would evaluate or characterize the responses from corporate america to some of these criticisms? i'm thinking mcadam and in terms of what specifically senator sanders has said about executive pay. >> listen i know there's a lot of frustration particularly on the ceos that i talk to where it's not only about solving problems and not only are they not solving problems in washington, whether it's immigration or corporate tax reform or other issues but then we have a candidate either directly attacking very successful american corporations or really not talking about any issues. i sense a lot of frustration. then when you add the tax into

it i think that it's with what you're hearing from verizon and ge and mark zuckerberg. >> well it does seem like nuisance detracks from a candidate's popularity. the deeper they go into the weeds the less people on main street like them. wouldn't you say? >> i don't like to believe that because i love policy and the battle of ideas but i like to think that ultimately if you have good ideas and you have to explain them to people in ways relationship vanlt and me relevant and meaningful to them that they still have a lot of evidence. and also foreign policy and running for president. whether or not there's immediate impact. just in the past week they had a lot of big issues from finance technology that they should be addressing in a meaningful way. >> explain that whether you agree with donald trump's claim that we're headed for a massive,

massive recession but that he could fix it quickly and then as of this morning senator ted cruz's claim that we're about to see a huge crash. >> i would not listen to republicans when they talk about two issues, one, monetary policy or whether or not there's a financial crisis around the corner. republicans are talking about another financial crisis since 2009 it's always like a year away. 18 months away. i don't thk these candidates have any special insights into whether the u.s. economy is about the class effect. they continue to muddle on at 2% growth. creating jobs. still the best advanced economy in the world right now. donald trump says, you know, china is winning but china has a lot of problems. i would like to see more of what we're doing right. particularly silicon valley and some of these other long-term issues like losing u.s. productive. >> we have a lot of issues still

to come to discuss in this election. it's obviously not over yet but we appreciate your time this morning. >> you bet, thank you. >> got some big news regarding big money for the nba. >> they just approved the sale of jersey sponsorship. you'll see corporate logo opposite the nike logo for the nba. it's going to start with the 2017-2018 nba season. all 30 teams the statement says will be responsible for selling their own sponsorships for each particular jersey and remember adam silva, the commissioner of the nba says in the past this type of sponsorship is like manifest destiny. those are his words. he goes on to say jersey sponsorships provide deeper engagement to partners. i should also point out that on the nba's agenda today they will

also be addressing discussing this idea about charlotte and the all-star game scheduled to be played there in 2017 given the recent legislation in the state of north carolina with regard to lesbian, gay, bisexual, transgender policy. back over to you guys. >> all right. back at headquaters with a news update on the nba. heading into a big week for tech earnings. ibm, alphabet, among the big names. we'll tell you what to expect in just a moment. the all-new audi a4, with available virtual cockpit. ♪ approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent

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what are the themes and trends that will drive this sector? josh lipton is live in san francisco with more. josh. >> well, kayla, tech suffered a tumble to start the year but now that sector has bounced back. since the market bottom on february 11th, the tech sector of the s&p 500 is up more than

15% besting the performance so the question is whether that run can continue and, in part, that's going to depend on next week's earnings starting with ibm and then intel, yahoo! microsoft and alphabet. market strategists say a few big themes are going to define the sector's performance. currency head winds could be a factor. >> the fact that analysts have marked expectations on the companies so heavy after the last earnings season has come back to benefit them now because the dollar has actually fallen so much since the last earnings season. so i do think that the dollar is going to play a heavy part in tech earnings and i would expect that to be a big part of the announcements coming out of the sector in the next several weeks. >> now to adam's point the u.s. dollar index, the measure of the dollar versus a basket of foreign currencies is down about 4% year to date. also china will once again be critical for u.s. tech firms. remember last quarter a number of companies from apple to intel

sounded more cautious about the chinese markets so will we hear that same caution again this quarter. and forecast to generate earnings growth of more than 4% what they think the index of a whole is according to facts that we'll soon find out if tech companies when issuing guidance are as optimistic as the analysts that cover them. back to you. >> thank you so much josh. europe is going to close and put their week to bed in about 30 seconds. simon is back at post 9 with red arrows. >> it's been a good week for europe. the stock 600 is up about 3% overall but for the session you can see that we're in negative

territory. we'll just point out that greece is up almost 5%. the banks are rallying back from nothing but in general we're in negative territory. earnings season has kicked off as well. it's notable that the food retailer came through with sales in the first quarter which has given the stock a little bit of addre respite. it's one of the top gainers today. on the down side, you have a big focus during the course of the week here but it's not doing perhaps as well and that's what is interesting in volkswagen which has terrible figures because of the emission scandal and latin america because of the recession has very good sales growth in china. and it's travel very well? another sector that's really moving today is the u.k. builders now we highlighted them

yesterday and they're under pressure yesterday and construction output and that's because of the looming referendum. and it's investment within 22% is the u.k. wanting folks to exit the european union. actually today it's the official start of that campaign june 23 as to whether or not people should exit. there you see prime minister david cameron talking to voters for his voter opportunity thoh that may have possibly been last night. the polls still suggest it's too close to call. interestingly president obama will be in the u.k. in london next week. be very interesting to see what lines he takes on. many briins believe their special relationship with america is a substitute to the

european union. they're the source of people that go to orlando on holiday as opposed to those that learn french and spanish as actually go to continental europe. >> thank you very much. when we come back, a year after it's launch it's now clear that pretty much no one needs an apple watch. that's a headline from a new piece at quarts. the author of that piece is going to join us in a moment. b. and to help you accelerate, we've created a new company. ♪ one totally focused on what's next for your business. a true partnership where people, technology and ideas push everyone forward. accelerating innovation. accelerating transformation. accelerating next. hewlett packard enterprise.

>> here's your cnbc news update at this hour. brazil's supreme court voting to reject a promotion seeking to block an impeachment vote in congress. it lasted through the night and avoided a show down with legislators that want to ouster. parole is recommended for former charles manson follower. she has been a model prisoner since she and the cult killed a man and hi wife. general motors is recalling more than a million pick up trucks worldwide because of faulty seat belts. and it was 69 years today that jackie robinson broke the color line in major league baseball. his signed contract from 1947 is on display for a limited time at

the new york historical society. baseball will honor robinson at all parks today with all players wearing this 42 jersey number. that's the cnbc news update at this hour. let's head back to squawk alley. >> it's been about a year since the launch of the apple watch and despite a slew of app developers and fashion partners is the tech giant looking at a product flood? he wrote a piece with the headline. a year after it's launch it's clear that no one needs an apple watch. mike murphy joins us here at post nine. it's great to have you mike. welcome. we're both wearing them right now but probably not for the reasons apple hoped. >> you and i were talking a second ago it's a time piece at this point and it's a $300 watch that you can do the same function for $30 or $10 and it's not probably what they were hoping for with the idea behind the watch. >> is that reflect a failure on

the part of developers or is it just something indemic to the size of the real estate. how do they fix it? >> it's hard. you could have made the argument in 2008 that the app store and the iphone, we don't know where it's going to go or that sort of thing but you can see that there's a platform where where as the apps that we're getting there's nothing that we're getting from these apps that are any better than what we can do on our phone. so i don't know if i can put it so much down on the developers more than the platform itself. >> what can you change about the device itself? whether it runs on data? is there anything you can make to make it a little higher demand? >> i think screen size is okay. maybe a little bit bigger. it would be nice to be a little bit thinner but i think that samsung has a watch now that runs on data and doesn't have to be tethered to your phone. something like that might help.

you can sort of take it for a run and it still feels very tied to your phone. maybe if you can build out the functionality or something it might help. >> you tried to extrapolate what it may mean for apple's ability to roll out new categories in general, right? you say that post jobs they really haven't invented a category very well. >> yeah. that seems to be the case. this is the first major product launch that apple has had and, you know, i read an article on quartz the week before this calling apple boring but not in a bad way. i was imlying they found such a good rhythm of pumping out these great products year after year. we're not excited about them in the same ways we have been and the watch was supposed to be the new things to kick things into high gear and i'm not sure that it has gotten us out of the cycle of iphones yet for that device that everyone needs. >> the bulls would say iphone

1.0 wasn't a game changing device itself. what would you say? >> i would agree. that is why they need an apple watch. not nobody buy an apple watch ever. i think this could just be the start. i still have mine on. i might get the next one if it does something that you look at it and go okay yeah now i get it and for the iphone it was 4-g data and the app store and that sort of thing. i'm not sure yet what that could be for the watch but it's not totally done. >> we talk a lot about others. fit bit for example. others that have a narrower scope and are having some success, we don't think as a category that people are adverse to watches in the future regarding tech. >> i don't think so. i feel like i heard a few reports that 60% of americans, up to 60% of americans wear watches and if that's the case and apple only sold probably

about 10 million of these and they sold 75 million iphones in the last quarter alone, there's definitely some room for growth there and i think that the answer could probably be that, you know, the category is fine. you know, you can use your fit bit for your runs or some other kind of wearables for other activities but yeah with the watch itself, it doesn't seem like it's quite there. >> yeah. well we'll see if they break out the numbers. that would be a big start. but your piece god widely read this week. congratulations. >> up next an up roar after amc said it might let people text in movie theaters. amc's response in just a moment. n stream it all. like that anthony michael hall movie where he fights with the girl. the one where he gets rejected by the girl. even stream the one where he creates the girl. with unlimited data, you can stream all the anthony michael hall movies you want. i wonder what he's up to these days maybe he's shopping in an at&t store?

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coming up on the halftime report crude in the spotlight. will we see a production cut at this week's new meeting and if we don't, where does oil head from here? our experts give their top stock picks. but netflix expected to report on monday. is it simply too expensive here and forget brexit fears. a strategist says now is the time to buy european equities. he will make his case in front of the euro skeptics. guys back to you. >> we'll see you in a few minutes. let's get over to chicago with cme group and rick santelli.

>> thank you, kayla. there's been a lot of highlights this week but i still think if i wanted to hit japan and the u.s. on the japanese side great article in the wall street journal. actually an op ed piece talking about japan. japan is the player to pay attention to. they're really digging in. their motto abenomics reminds me of the approaches when infrastructure and stimulus and none of that works because it wasn't enough. we can debate that but let's go to the charts. how much progress do they make? they haven't on the stock side or the currency side and they're creating all of this debt. you keep throwing more wood on the fire. the wood burns out but there's no sustainability there. it's the chinese, the japanese.

let's look at the dollar yen for three years. absolutely it worked for awhile. the dollar is going up but then what happened? the dollar is going down. part of the reason has been for this counter intuitive move. their fiscal year started on april 1st so i started a chart toward the end of march. just in the last three or four sessions we see the dollar making a come back but it doesn't really seem to fit. now let's go to the u.s. side shall we? one of my sources always writes some great stuff. union bank and i'm going to read what he started out today in his piece. factories went on strike in march with production falling .6% for a second consecutive month. we don want to panic anyone but this falling production trend is what defined a recession. if you recall in january when the markets are going down everybody is talk about recession, recession, recession. markets go up, nobody is talking about recession.

let me tell you, in the world we live in with stock markets being the beneficiary, much of the policy around the globe, that is not going to give you the signals that it used to. none of the markets are. if you wanted to know about a recession or if the fed waited too long and now they have no insurance against if that happens, it will at some point but what you want to think of is what is going on in production. if you want to monitor whether they're going up or down you want to look at what's going on with productive and look at production and capacity which as i showed the chart is at the lowest level since the summer of 2010. kayla back to you. >> rick santelli have a great weekend. meanwhile, stocks were all the rage in 2015 but this year older tech names are giving fang a run for their money.

>> high flying fang. let me explain, older technology companies that were founded before 1990 like sis coe, ibm, and it's the older stock names to compare them to last year's market. and newer tech stocks. facebook, amazon, netflix and google. now alphabet. now so far this year they're out performing not just the fang basket but the broader markets too. as of yesterday's close, the fang basket is down year to date by about 1.5%. the s&p 500 is up less than 2% and that great chip basket is leading the way up more than 2%. now the two old and new baskets

went their separate ways and the market fell off early this year. now it shows that the fang basket may have been repriced by the market to consider that all four names in the fang basket are trading below their one year average forward pe ratio. that may present an opportunity. and agile. >> when we come back, facebook making a live video push at the developer's conference. don't go away.

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like a job. we tracked them. how did we do that? we have some new guys defending our network. new guys? well, they're not that new. they've been defending things for a long time. [ digital typewriting ] it's not just security. it's defense. bae systems. the company announced new tools like messaging, chat box and a deeper look into it's facebook video feature. today we're joined by the company's first partners. he is the ceo of live stream maker, one of the first cameras that will be partners with facebook to live stream and ceo of the daily burn. guys, welcome. >> thank you. some people watching may have been doing knee lift with you guys this morning why was your

company a good fit to see it and say that's something that we need to do. >> it's long been our vision to create a community of people around the live daily workout experience. that's what is powerful. it's authentic and real and up until this point with facebook we were able to do define the scenes footage with iphone camera and we're actually able to feed our full show into the platform and be where the community is actually taking place so that's the most important thing for us. >> why is exercising more popular when it's live? >> first of all you can make it more interactive and engaging and with the trainers and the coaches but i think the distinctive thing is realness. we're all about authenticity and there's something about the nowness of live that matters when you're trying to build a real fitness brand. >> you guys unveiled that camera at cse this year, did you know that facebook was heading in

this direction? were you producing that type of product? for this even actuality? >> no, we didn't know that facebook was coming out of the live api. we originally built a camera for our customers to be able to stream their business or performance events but when facebook approached us it was an obvious partnership to be had. >> a lot of people are wondering, for you it's great but for average every day facebook users will they be as interested in posting live events as they are at posting photos or videos? >> there's something special about sharing something in the moment and having that shared experience with your friends and your community and customers and that's still special. >> who are you marketing the camera to? consumers or targeting

businesses and content companies? >> there's three customers we're focused on. number one is businesses that want content out into the marketplace. number two is performers. so anything like music or dance and number three is families. folks love using the camera to film their kids and all three of the groups want to share their content on things like facebook. >> users are ten times more hikely to comment on a line event than a video or a photo. are you seeing that? >> yeah. the first time we went on facebook live we reached 325,000 people and we had over 70,000 views of the street and on top of that thousands of likes and components so the interactivity is really rear and it's

different than comments but community isn't hanging out there. our users are women 25 to 50. that's where they are participating and sharing together. >> we all with all that facebook has done well for marketers they criticized that facebook once told them it's all about their fan pages and getting likes on their post and the native adds and the native stories. do you feel like there's still a trial and error element to video as they're figuring this out? >> i do think so. i think facebook tends to push the things that they're actively exploring so photos and video and now wide videos. i think if you're going to be successful you have to embrace whatever they're doing new and find out a creative way to use it to your advantage. >> now nervous are you if you're periscope at this point? does what happened to merecat happen to them? >> i think so. that's likely. it's where our users are already

interacting. our users are typically on facebook. >> i think you're looking at two very different communities. periscope is a kmun of folks creating video so you can see the world through their eyes and if you look at the audience size you see 20 to 200 people. facebook you'll see a lot more media companies. both traditional who are looking to get an audience. when he talks about 300,000 people watching the video on facebook live that's like a cable tv audience so it's very different. >> we know that well. busy week for you guys. we appreciate you guys coming in this morning. >> thank you. >> up next an up roar after amc said it might let people text in movie theaters. company's response in just a moment. 'sintelligent one. ♪ the all-new audi a4, with available virtual cockpit. ♪

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technology moves faster than ever.

the all-new audi a4, with apple carplay integration. >> amc says it's relegating one of its ideas to the cutting room floor in reaction to a social media backlash they're announcing it will not allow texting during movies. they had been looking to see if they might want texting allowed in a small section of the theaters. you don't have a problem with it it sounds like. >> no, you put your phone on

silent. a lot of people that go to movies already do this. >> they definitely got themselves caught in a fierce backlash. meanwhile my favorite stab of the day, no 52 week lows on the nyse yesterday for the first time since 2012. amazing as some of these energy names had finally come off. let's get back to post 9, simon and the half. >> welcome, our top trade this hour, oil in the spotlight. crude coming under pressure. oil major producing countries meeting sunday. the burning. i think it's important to point