the above-average volume and it is something that we will keep an eye on as we look at these particular shares. it is also something to keep an eye on as we are looking at the entire health care sector which is a sector that is a notable laggard overall in this particular year of trading, so again, something to watch in today's early bid of trading. now, over to you guys, carl. >> and some movers. thank you, dom. it is 8:00 a.m. out there at hillary clinton and donald trump's head kwaquarters and on squawk street, it is 11:00 a.m. "squawk alley" is live. ♪ say your prayers ♪ and don't forget my son to include everyone ♪ welcome to "squawk alley"

jon fortt and kayla tausche and me with henry blodget on set, and mike issacson is joining us from san francisco. a lot to watch with the dow down, and the politics is a story, with democratic nominee hillary clinton getting endorsements from the president, and senator elizabeth warren, and also on twitter donald trump said that e obama just endorsed crooked hillary and he wants four more years of obama, but nobody else does. and she replied, delete your tweet account. and then he replayed, how long did it take your staff of 823 people to think that up, and where are your 33,000 e-mails that you deleted? >> and how could this market be doing so poorly?

>> well, whatever intern is manning hillary's twitter account got a huge raise, because it brought delete your account to the mainstream lexicon, but it is essentially really funny, because it is a tool that you and i use everyday, kayla, and jon, and we are all on it all of the time, and it and it is a great media consumption tool, and twitter is trying to convey that sort of the sense to the people, that it is live and in the moment, and something we need to monitor to see what is going on, and there is a reason that facebook is doing so well, and it is that news junkies like us do not make up most of the population, and people can be fine with seeing the hillary clinton tweet 24 hours later like we are talking about now, and they are will get it on the facebook. so that is twitter is trying to emphasize live, but they are also try aring to see how they can create a al go rhythmic feed

for most people who don't need it right then and now. >> and henry, as much of a spectacle to watch this election unfold on twitter and not everybody has had such a fun experience, and john wiseman from "the new york times" tweeted an article about trump a couple of weeks ago and the responses that het got was anti-semitic attacks from the left and the right and he tweeted yesterday that i will be moving to facebook where at least people need to use their real names and can't hide behind the fakery to spread their hate. >> and this is the most retweeted tweet for clinton ever, and 100,000, and that is a tiny number when you are looking at the mass media and twitter's issue as mike said, it is a niche. a niche of the news jun can kis and the following of celebrities and sure influential, but that is the problem with the twitter, and kayla, you nailed it. facebook's early stand which is ridiculed at the time about, you know what, you are going to be

posting online and interact, you need to do it under your own name, and this is a big asset for them, and twitter, i'm addicted it to, and i can use it a lot of the time, and it can be unpleasant because of in part, the anonymity. >> it is about the engagement, and facebook is like a cocktail party, and twitter is like a frat party or the crowded bar where you are not sure who shoved you or somebody spilled a drink on you and you are not sure what people look like. and once you see the "delete your account" you can retweet it, but where is the meaning fu engagement of 140 characters at a tirnlg and we are talking about it on t and facebook, but it is hard to have a conversation on twitter. >> and mike, you make the point of news junkies who need to have information right away, and i mean, that immediacy is dorsey's entire sales pitch, and it is all about happening first, happening right now. so how much, and i mean, how

much is it worth in the attempt to get people to get a use higher. >> well, we reseeing the facebook move more toward the immediacy, and facebook is doing a push with the facebook live which is their attempt to get people to watch video live on facebook. and twitter has periscope which is also that is sort of the live video things, so you are seeing both of to companies move to this sort of the immediacy moment. the issue is how do you drive people to really watch it right then, and i think that facebook can use the huge sway and notifications to push that stuff to the forefront and the news feed, and twitter does not have that similar sort of moving power with a thing like the news feed. again, it is the chronological order, and what twitter, and what you will see more of again is the sort of the algorithmic push to bring people relevant

things whether it is like now or later, and then push those sort of immediate moments if it is a live periscope momentp happening now, further nup in the time line, but twitter is skittish, and so it may take a little bit. >> and of course, the big marketing catalyst for them is the football that we have to wait for the fall. >> yes. >> and meanwhile, interesting news for apple and intel and over to dom chu and get to a flash. >> the stocks didn't move on the heels of the bloomberg headlines saying that apple or rather intel was possibly getting set to get a chip order from apple which would be its first major win in terms of the mobile chip sets. qualcomm is remember apple's current chip suppliers and qualcomm's shares did take a dip on the news as well, but they

have recovered some of the losses, but an interesting development here, because of course, carl, we have been talking about the intel profile of trying to get into the smartphones and the tablets, and they have not had a lot of success, but if the story does appear to be true, and if it does work out to be true, it could be a huge win, and that is why it is moving. the story does go on the say, carl, it is for at&t iphone units and so something to consider there as well, guys. back to you are. thank you, dom. in advance of the monday's developers conference where john is going to be, and i believe you nknow intel wetter than anyone, and what do you believe at this point? it not a big deal. it is about the modem chips and not about the application processor, and apple has its own chip designs and the a-9 or so, and they have the a-9x and maybe a a-10 chip they will come out to call it with the new phones in the fall, but the modem piece

is not as lucrative as other chip set deals that apple could do. they have their own design, and intel would love the be a foundry for the design down the line, and apple having samsung, and possibly others to make the main chips which is a good a add-on business and interesting step in a direction, but it is a bigger news for qualcomm really than it is for intel or apple, and so if people are inclined to get too worked up about this, calm down. >> they are not. >> and you nailed it. >> and for a moment, and mike, what are you expecting for monday out there, and people have talked about the update from siri, and obviously, phil schiller is with the new structure, and what is the headline monday afternoon. >> well, the biggest thing really is some stuff that we have seen previewed which is the new app store model, you know. for a long time, under eddy

cue's per vieurview, it is how p developers get a revenue cut, and 70/30 split, and now apple is dabbling in letting more subscription services sign on and eventually 85/15 split which is a huge deal. they have real areally not done a lot of to real progression or the change on how they deal with app developers, and this is a sign of the new leadership taking over the app store, and phil schiller is sort of making his mark and trying to revamp what sort of revenues they can get from that large ecosystem that they built for themselves. another thing to watch, too, is the mobile payments aspect of what apple is going to do with the apple pay. supposedly they might be rolling out the vin-money chur to use the apple pay to send money to the friends which is clearly a big deal for companies like facebook who is doing that with messenger, and paypal has ven o

ven-mo, and square has square cash and again, not necessarily a money-making proposition for apple, but they want to spur the adoption with apple users and that is something to definitely watch. >> i think that wwdc is interesting, because it does not tend to move the stock that much, and if anything, people are disappointed in what they hear out of wwdc, and if you can read the tea leaves, you can get a sense of what they will do in the future iterations, because unlike are google who is making a software for a bunch of different oems, they make software just for apple. so if you can understand that, you will get a glimpse, but the main thing for the wwdc, is apple going to make more apple application software on android to pull more people into the apple ecosystem. they have are it in apple music, and beats was doing, and they have android app and they have not said how many apple music consumers are on android, but if

they start to do the android software to pull people into their ecosystem, that could be interesting. >> and if you are focused on the software business, that is what you want to do, and to put it in so many places, and the fact that they are moving there is a good sign they are aware of what is going on in the world, and straying are from the roots of one end to end. >> yes, and the chart is looking a little challenged here. and finally, guys, you want to do that online, kayla? >> well, the company is expected to go public in the next couple of weeks, tokyo and listed in the u.s. the road show is expected to kick off at some point in the coming week, and that is normal timing for a company, but $5 billion valuation, and what is up consumer slowing growth. >> it looks like the new twitter, in that user growth has flatten and the revenue growth is great, and you say, it is going to be cheap and i have to

be in there messaging, but the user growth is flat, and this is what happened to twitter and the stock got to $70, and the user growth plateaued and here we are at $14. >> they would say that they are an innovator and starting with the stickers and the commerce of on this side of the ocean, and not pond, because that is europe, but they have started to pick up on it, so this is one to watch as far as the business models around the messages. >> mike, you think that investors will snap it up, because there have haven't been this that many new issues? >> well, yeah, i think that the the line is real difficult, and investor should watch. what has happened with messaging in general which is a balkanization of how countries adopt the services. right? we have line in japan, and ka cow in south korea, but you have a difficult time in breaking out of the home countries there, and facebook owns facebook messenger and what's app, and they are

trying to dominate the rest of the world with those. so, like jon said, lyon has done a great job the innovating on the revenue models to the find different people inside of the app, but does it translate to american audiences? does it stort of move past the home economies? honestly, i don't know. i don't use lyon that often if ever maybe to speak with some friends i have in japan, but that is the big challenge that they are going to have is to try to get people in the states to use it. >> mike, your appearance today was everything. thanks so much. >> thank you. and henry blodget here at post nine, thank you. and the dow was down 148 and rallied quickly this morning and down just 69 points for the s, and the p and the nasdaq, they are on track for the worst day since a month ago, may 17th. the u.s. 10-year yield is fall

ing to the the lowest level since february, and bonds are weakening this morning, and people are buying bonds despite the fact that yields are near all-time lows. that is part of what is hitting the financials, and looking at goldman sachs and jpmorgan weigh i ing in on the dow, and the financials across the board are having the worst performance today, week-to-date, and year-to-date for any sector. >> very tough. >> more on the sell-off this morning amid the record lows around the world. and yahoo! is expected to enter the final stage, and we will get more from kara fisher. and then scott bor chet ta chetta who represents taylor swift is coming on post nine. [ beep ]

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stream or not to stream, and it is a hot topic for many music labels and big tech companies, too. and courtney reagan is at the music fest in nashville and joining us is one of the most vocal and influential executives on this issue. and over to you, courtney. >> i am here at the rieman auditorium with scott borchetta who is ceo of big machine label, and you feel strongly that you

don't like the free streaming services, and you think that they may not exist in the future and can you tell me why you think all of this? >> well, i do believe that streaming is the future honestly, but the value of the streaming is the issue that we have. getting a value perspective what apple music is doing, and bringing value to the streaming platform that is uk is cessful, and if you are look at what spotify is doing, they have a product that people love and now they have to be brave enough to say that the premium service is so robust, it is worth it for you have to be a premium subscriber, and they will get there. >> and talk about spotify, because ta lor swift, the artist that you signed when she was 14 years old is no longer on spotify, but some of the other artists are, and what is the reasoning there? >> well, with taylor, and really the whole mission and the volume that we wanted to use in saying, hey, this is not right, and address it is a platform that she has accepted and it has not

been the right time to go back to spotify. but the rest of the artists right now, they are on most of the streaming services. when it gets down to superstar artists, it is really about the individual vision, and how they want their music represented and marketed. >> but there is a possibility that she will go back to spotify? >> never say, "never." >> fair enough. and now, of course, the letter that taylor swift wrote to apple, were you behind that and how do you feel about the apple music? >> well, the irony is that there were a lot of conversations going on with myself and apple and leading into father's day, she is in london and sends me a text from amsterdam to say happy father's day, and then she sent me a link and said, don't be mad and i had a response that you have no idea how good the timing is. and so we worked with jimmy iovine and others to understand

that since they had not launched the product yet, they could listen to voice of the creative community and do the right thing. how many times does a huge company like apple have a chance to do something for the greater good, and they made the right decision, and decided to pay everybody for the first stream instead of the free 90-day promotional period. >> that is a big move. do you continue to converse with apple music on what you would see and what is fair for the artists? >> all of them. we have to keep the conversation on the edge and speaking to youtube and google and what they are doing, and we have to keep on pushinging to make sure that the great community of music and, you know, nashville is a world music center, and our label group has been a leader in the terrestrial performance rights and leader in getting the value out of apple and spotify, and et cetera, and we will keep the pressure on them to do the best they can do, because they can afford to be the best partner, and ultimately they should and they will be the best

partner. >> you joined "american idol" recently, and of course, it ended the run, but they found carrie underwood as a result, but so far, the contestants coming out of the "american idol" and "voice" and was she a flash in the pan? >> no, 50% of the finalists of top ten for "american idol" have gone on to a career in music or film, and so the show is incredibly successful, and we have trent harmon, the 15 season winner with a fantastic single hitting radio in the next two week, and when we have a hit with trent harmon. so we are not done yet with "american idol." >> thank you. and good luck at the cma fest. back to you. >> thank you, courtney in nashville on assignment. coming up, more on yahoo! and the next round of bidding when we come back. the dow is down 76 point, and "squawk alley" is going to be back in a moment.

banks and industrials are und underperforming today, and meanwhile, the new digital series bin sj streaming all about growing and changing the content industry. and garry marshall directed "happy days" "beaches" and "wonder woman ". >> and it is a business that evolves and nobody said, i have this idea of richie cunningham, and suddenly, i put in the kid fonzie who had no lines and then he is sud lendenly he is the stf the show, and so we had to make a quick switch. >> if you had to take a gamble and make it bigger, right, and it is winkler in the audition or

was winkler not there yet? >> well, you don't have to be a genius to do this work, carl. you have tlois ehave to listen. and nobody heard of this kid rob are bin williams, and i brought him on as a guest, and after the show, i had henry winkler and scott bay e oy owe -- baio, and introduced robin williams and even stood up, and that is when i immediate ly started to creat something. >> you are a giant when you put robin williams on the map, and when a network like cbs in this crowded field decides to revamp one of your original concepts in the "odd couple" and good ideas don't go out of style. >> timeless, indeed. that is the sort of the mind that we really need to hear from in a time like this where so many thing, and basic ideas of the entertainment, and the television are up in the air. >> i take it that the

conversation never jumped the shark? >> well, we did ask about "jump the shark" because we know it is now a euphemism or maybe not, but plain failure, and he said, it is not the best episode they had ever done, but he is flattered that it is somehow the part of the ve neck lar, and you can find the binge streaming on youtube, hulu or apple tv or the cnbc.com/binge and something to do this week. >> thank you. >> and yahoo! bidders can not agree on what they are buying. that is cakara swisher's headli. >> and tesla is down on a reported safety issue, but elon m musk's company is firing back. more ahead.

good morning, again, everyo everyone. i'm sue her rera and these are e latest headlines. iraqi troops swept across falluj fallujah's troubled neighborhoods. >> and trouble in marseille where soccer supporters briefly clashed with the local youth. the police are using tear gas to restore the calm. the european soccer championships begin in france. back home, tesla is denying allegations that there are safety problems with the suspension

suspensions of the vehicles. they said that one car did have abnormal amount of rust on the suspension part, but it is a problem they have not seen in any other cars. the funeral are procession for muhammad ali has begun in louisville, kentucky. and it will be a 15-mile procession to travel past the boxer's home, and then the arrive at the cemetery for a private burial. back to yourgs carl the dow has been cut in half, and europe is in the red as it closed, simon. >> europe is in fact accelerating the losses into the close. this is a really big down day for europe. you will see that italy is down 3.5%, and whether it is a delayed reaction to the job status last week or the brexit vote in a week and a halftime, the investors are start ting to see the government bonds deteriorate in front of their very rate, and still they are

buying as the central european bank is buying $80 billion of the qe, and you can see the yields plummeting lower and lower, and this this is a broad-based sell off. the banks down, and is that about interest rates forward, but it is suffering from the italian banks led by the union credit, and the yield in the world is deteriorating and a lot of the guys have fixed liabilities with the annuities and they are heavy losers again on the session. let me take you to the uk and show you the uk government bonds called gilts there, and the 10-year lows and the german market, and sterling is vulnerable to the brexit vote in a week and half's time, and the cost of insuring the pound is down as well. today, the finance minister of germany said that the brexit could trigger other european countries to follow suit, and he

believes, still that the european union can continue as it is, but it is a warning and wakeup call. meantime of course, the german bo bund is continuing to track at two basis points below, and we were clearly looking at the market to eye zero, and half of the german bunds are in negative territory. as you nknow in middle of this, you have the bund bank warning that it could be important that the ecb is risking or trying to keep the rates so low for so long, the risks and the sudden ris hk in the premier, and the sudden market sell-offs and what you might call a taper tantrum, the bundes bank, cannot sit on the sideline and watch the imbalances grow and grow, and meanwhile at the corporate level are, lufthansa announced they are losing the ceo. and broad based stocks are also down in europe today, and to repeat what sue said, the euro soccer championships start today. it is unnerving to the market

that the french have issued an app that lets you track security threats through that. it is another thing that is weighing on the mind of inv investors, and guys, back to you. >> thank you, simon. and more tech headlines to get to this morning. joining us on the cnbc newsline from a tech conference in stockholm recode executive director cakara swisher, and yo are saying that bidders can not agree what they are buying with yahoo! and some say sit is the patent portfolio, and some say not, but in one sense, isn't this putting a value on the core business which for years investors have been saying that it is not valuing it at anything, but the market is valuing at something. >> well, the whole zero thing was ridiculous, because from the mass point of view it wasn't, but from yahoo! there is businesses and revenue, and worth something, and the

numbers, there are three parts of the yahoo! the core business which is advertising, search and media essentially, and then the real estate and the patent s that they have, and then there's the assets in china and japan. so it is a question of which parts are being bought. obviously, the assets from asia is not part of the can transaction, but the others are up for grabs. >> kara, a lot of the analysts are talking about numbers and one being $2.3 billion of the value of the deals that marissa mayers have done with the companies brought into the fold, and another is $4.4 million that verizon bought aol for and how important to keep the two goalposts in mind when you are valuing the company? >> yeah, the question is were these purchases anything of any value now? and a lot of people, yahoo! itself has wrote down the biggest thing they bought which is tumbler, and that is over $1 billion and maybe she spent this money on it, but it is not worth

that, and it is less than what verizon bought aol for, and years ago, things were worth more, and aol is falling into the softer market where there is not as much interest for the things they are asking for price. >> and kara, what about a good outcome for people who want to see yahoo! sold? does it matter that the people are interested in the different pieces of yahoo! and is that a bad thing or matter that people are interested in the pieces at all? >> well, it feels like a house auction and it does not feel like it is an exciting property, and if it were snapchat or even twitter, it would be great. >> we knew it would not be snapchat. >> right. >> and even twitter which could sell at any time, and this is going to be interesting if that ever happened, interesting and competitive thing, and this is less so in that way, because it is a basic deal, and you know, it is every different buyer

wants to do something different with the mains a set which is the core yahoo! business and some people want to sell it off and make it smaller, and other people want to integrate it, and still, other people think it is something to milk until they can sell off the pieces, so it is not the most exciting sale, and it is a little bit sad given yahoo!'s long history. >> and kara, whether it is yahoo! or the other names that we are talking about, i'd love to know whether you think that public bids or the private bids make the most sense right now? >> i think that verizon bid is very interesting and obviously fits well in, and then obviously the bid from dan gilbert and quicken loans make ss a lot of sense to me, because those are two operating companies and a lot of ability to do with the yahoo! assets. i don't understand the private equity ones, and the miblging one to take too much cost to run, and cutting costs, and it does not seem like that to me is the one that bodes well for yahoo! going forward, but we

will see. and whoever, and obvious willy, whoever has the best deal will get the company, and in operating company would do better here in my mind. >> and next, kara, the passing of a venture capitalist who some consider the founding fathers of silicon valley, tom perkins, and someone that you knew. >> are yes. >> and at this point, what is the legacy, and he was publicly controversial towards the the end of his life. what is your take? >> well, you know, the last part of his life unfortunately was tarnished by that statement about chrrystal nazi, and let'se clear it was a terrible thing to say, and it is still, he started one of the first companies in silicon valley, and he was one of the first venture capitalists who were in the past, and now he pioneered the way that the

venture captists -- capitalists is as part of the original partners of kline and perkins, a kauffield, and so he is well known and respected in that way. >> and so one of the erl are hily investors they were part of the early internet, and the very early internet, and kleiner perkins is one of the original investors in google and so many they have been a part of, and now, today's venture capital is changing in lots and lots of ways, but the basics of finding great investments early on, and really backing them is something

that kleiner perkins perfected under all of them. >> yes, indeed n. a year where we have lost andy grove, bill campbell and now thom perkin, and quite a loss. thank you, kara. >> yes, okay. and when we come back, the market of theater tickets live from the ham ilton theater of richard rogers, but first, rick santelli, what are you watching today? >> well, row know, i'm watching the credit markets and the bond markets and listening to the interpretations of what exactly is the message of the bond market? that is what we are going to be talking about after the break.

>> all right coming up on the "halftime report" are bonds rallying around the globe, and plus, playing apple ahead of next week's big event, and the analyst analysts who believe that stock has rallied 90% from here joins us and the soccer trade, and a look at the brewing competition of nike and adidas off of the field. carl, back to you and see you in about 15. >> hi, carl, whether it is today or many yesterdays, markets and what we are living through post crisis, it really is different this time, and that is the catch-all phrase that brings impending disaster, because sometimes things are not any different, but they are this time, and whether it is the level of debt before, during and

after created after the crisis. you know, when you are talking to the seasoned traders and things like the yield curve and interest rates and the stock market, and when viewed as signals, well, very few make changes considering the current financial landscape that we are amidst. and it makes a difference and so when the yield curve comes up, and the steepness or the flatness and the general complexion of the yield curve, it becomes like an instantaneous response, and when a discussion comes up, this is what it means. the stock market, and indicator of several quarters ahead of the economy, and you could get a view of economy, and half a year or a year down the road by looking at the stock market, and all of the signals are not the same as they used to be. and so the most common expression of what the bond market is saying is weak ness. i don't disagree with that, but the bond market has been saying this for a long time. many, many years. i think that it is just rekrecey

in the last year and a half or so that the relative value trade is really something that has completely compromised many of the signals in the fixed income space or the credit markets in general. whether you are looking at growth, relative value or the other issue that very few ever bring up which is the size of the positions on the fed balance sheet, and so when we talk about the yield curve having a certain signal, sell a trillion or two on the securities balance sheet, and we can alter the complexion of the curve and does it mean everything that before that act or that trade comes in, and before the fed sold that everything changed instantly, and no, granted it the fed would not do that and they will hold it to maturity but the point is that i think that the current round of what is going on in interest rates should not be viewed as such a dire consequence for the equity markets. i think it is more of the signal

of the policy issues, and the policy contagion, and you know, several years ago i founded a term that i really like. it is called the all stimulus is fungible, and what that means in english, it does not matter in europe or asia or the u.s., capital flows are a button away, and if something is that the central bank does across the world has the same impact on the economies whether you are part of the venue or not. and so when it comes to signas,s there is turnstiles and lack of growth, yes, but that is not the new dynamic as much as relative value, and why that is important, and the last time that the bunlds were down here, they didn't stay down here for long, and i'm not sure what will happen this long, but be careful of the signals that you are trading on. kayla, back to you. >> thank you, rick santelli in chicago. up next, the tickets to the broadway musical hamilton are breaking records and indside of the phenomena that broke tony

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ahead of the tony awards this weekend, hamilton tickets are sold out until january of next year, and tickets on the secondary market are selling for thousands of dollars. our susan lee is at rogers th t theater where the musical is performing. >> yes, a record 16 music nominations, and those on

broadway says that hamilton comes around every 10 to 15 years. and i caught up with james k korden who said it is special. >> it is impossible to describe the impact that "hamilton" has had. i mean, it is a show up like no other. it is a piece of theater which is truly original. >> reporter: all right. so let's show you the familiar scene outside of the richard rogers' theater and as you can see, those who have lined up with the sleeping bags, and just to get a chance to get their hands on the rare "hamilton" tickets, and you can bet that the "hamilton" is raking through the financials that. i make $6,000 a week of net profits outside of the expenses, and the biggest expense is theater rent, and the biggest star gets 7% of the gross weekly

take, and also a salary to play the lead character to play the lead character of hamilton and he is also getting 3% of the net profits because he createded the show. when he leaves in july, don't you worry about him, because he will get the royalties as the show goes on tour across the country, and don't forget in terms of the salary, he is making according to the reports he will make $6.4 million. back to you. >> susan lee on broadway. thank you. >> and is this healthy? >> well, not if you want to see "hamilton" it is not, but it is good for broadway overall for exposure, but if you want to see "hamilton" it is not at the end of the day. >> and miranda's last show averages? >> $4,6 # 00. >> and as high as? >> well, the big events that we are seeing the souper bowl is

averaging $3,000, and it is north of that, and if you are looking at the next month that he is performing the average is under $3,000, and this is perhaps the super bowl of broadway, but not a super bowl that we have seen before. >> any more exposure that the show can get, and meaning that the tonys could have a bigger effect on the ticket prices? >> we will see, because it is as high as it going to go, and interesting last august you could have seen "hamilton" for $400 on the secondary market, and with each billboard top ranking, and the first broadway show in 40 years to ran arek in the top ten, and the grammys and the step up to where we are now, and it is hard to see it getting it significantly higher from today, but you never nknow. >> and the capitalist in me loves it, the supply and demand, and the work of art that you can only see one place, and everything else is streaming and recorded, recorded, and this you have to go to see it. and what is the lesson for you, because it is not a sports e event, and we haven't seen

anything like this that i can recall in my lifetime, and what sort of precedent does it set? >> what is interesting is that if you are looking the trends after when miranda leave, the prices drop in august, and so if you want to go, go to august down to $1,400 and then it jumps back up to $1,800, to reinforce your point that there is nowhere else to see hamilton in the world. >> and this is going to change as the national tours start. >> and that is true, the demand will go down when the show goes on tour. and we are seeing tickets in chicago going on sale, and the london show is going to be opening up in 1718 with miranda starring, so patience is a virtue here if you want to see "hamilton." and are there was a report this week of bots, and the article said snapping them up as quickly as they are bought.

is that a reverse? >> well, that is a systemic problem of ticket master and the other prime vendors need to figure out it and it is a few events where the ultrahigh demand, but it is difficult for the fan to to see "hamilton" and they were wise to have a lottery to ep it up to folks who could not see it. >> but it is not to say that people were not trying to arbitrage tickets buying last year, and selling this year. >> right. >> and the market, and how much should you mess with it, and people want to see it, and it costs a certain amount, and you can question who is getting the benefit of the price, the e creators of the show or the actors, but if that what it costs, that is what it costs. >> and interestingly, the hamilton producers announced they are raising prices of the premium from $300 to tlr 8$800, to capture, that and upside to t

the market, but it is at least going into the pockets of the guys producing the show which is a bert answer than going to the scalpers looking to make the quick book. >> they have gone back to rewrite some actor contractors because they make the show as it is. it is fascinatinging to watch. thank you, jesse of tiqiq ceo. and more on what stock prices may bring this afternoon. ♪ [engine revs] ♪ ♪ [engine revving] the all-new audi a4 is here.

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in case you missed it, president obama appeared on the "tonight show with jimmy fallon" on nbc and listen to two of them slow jamming the news. ♪ the republicans gave him lemons ♪ ♪ me made so much lemonade beyonce started calling him baracky with the good hair ♪ ♪ baracky with the good hair ♪ and his first two terms ended in such a hurry ♪ ♪ i wish he could go for three like my man steph curry ♪ ♪ well, there is not going to be

a third term ♪ ♪ i can't stay forever, and besides daddy has a hawaiian vacation booked in about 223 days, but who's counting ♪ >> he also made some jokes about donald trump saying that orange is not the new black. with his trademark humor on the " "tonight show" last night. >> yes, a summer ahead of a lot more politic, and that is for sure. and in the meantime, losses for the dow in the tune to 77 points off of the lows, and it is going to be interesting to see how these banks managed to recover, and especiallily in europe ift at all given the pain they are going through on the yields. >> and we were talking about the banks earlier in europe this year, and brought the rest of the market down with them, and we will have to see if it repeats this summer. >> and tech stocks are getting creamed, and intel is up a little bit perhaps because of the possibility of apple picking up a little bit of the base bin modem business, but the stocks for the most part in the red,

and wayfare and marvel technology, and all of them down. >> and utilities with a record high to dday, but to jon's poin the nasdaq is negative for the week, and that is tracking for t the first negative week in three. and so a good weekend to everybody, and back the head quarters with scott wapner and the half. ♪ all right. welcome to the "halftime report" i'm scott wapner, and the big trade this hour, the big fail. why the stocks can't get over the hump and if another pullback is in the cards and with us jim lebenthal and pete najarian and rob santoli and steve weiss. and