. good morning. it is 8:00 a.m. at twitter headquarters in the west, and "squawk alley" is live. ♪ welcome to "squawk alley" for a tuesday morning. jon fortt, kayla tausche, and me, and here at post 9 evernote

founder phil liven. our top story, shares of netflix are getting crushed, down about 14%. second quarter sales were you will, but the good news stop there. only 160,000 new customers signed up for the service in the u.s. in its most recent quarter, well short of the 500,000 estimate. and then the third quarter guidance came in well short of expectations. i'm guessing this does not get the yum-yum, as you like to say. >> yeah, no yum-yum here. there's a lot of headwinds for netflix on the pricing front. they added -- they're taking out some of the people being grandfathered, i guess that's resulting in less people renewing, but the good news is they're making more money with this higher pricing, even with the four-stream plan, they're still only $12 a monday, $3 less than hbo. what i like to look at with this

business is obviously quarter to quarter, according to reed hastings on the earnings call. i look at, you know, how bingeable are these shows? i don't know if you've seen "stranger things" but this is amazing. if they keep putting up amazing content like that over the long term, i'm still bullish on the business. >> it's sort of a catch 22. would you rather have more users who play less? >> i would rather have a sustainable business that can grow from there. i like country that is have engrained themselves into people's daily lives, which i think netflix has done. >> they are talking about net flick for people whose card

information changed slightly, losing netflix and not re-signing up for it. doesn't that speak to some lack of loyal, any blip here, and i'm going to turn off? >> i think netflix is trying to transition away from just being a carrier of other people's information. if netflix basically they probably don't want customers who only look at them as a pipe. they want people who come to them for the netflix content.

amazon is obviously making some inroads, but jeff bezos is making it clear that -- you know, the video portion seems like a front to get more people to become addicted to ordering products on amazon, which is fine. i think you'll see apple get more involved. they obviously announced a reality tv show around building apps. that's a dipping the toe moment. they have distanced around this -- they would -- or just, you know, very profitable, nonmonopolies. it gives them more money to

spend on content and builds a huge archive. this show "stranger things" i think will become a huge classic the same way some of their other shows have become. so if this falls much furse, i thinking this also some that -- the management team, they were stuffing dvds, and dealt with that rebranding -- so i have hewn faith in reed haysings and their teams. now bigger than sony.

i do think what they laurchled is something amazing. people have been on the nintendo case. i personally missed the pokemon craze about five years, but if they came out with an ultra-reality syeda game, i'm going to quit what i'm doing and just do that. >> it feels like it came out of nowhe nowhere, and there are jokes that this is the only thing to like about the japanese economy. maybe this is the helicopters money we've been waiting for >> it may not be bort $20 billion, but certainly 5, possibly 10. if you look at something like super cell flasher plans, which is a product that made a couple -- including 9 million in profits, and bought in the 10

billion range. pokemon go is probably doing a couple million in revenue. supposedly the users are twice as loyal and spend twice as much. i don't know if that's actually true or not, but there is an argument to be made this could become a franchise top five game for a couple years and it could generate, you know, billions of dla respect in profits. >> but we can't act as if this belongs to nintendo. we just spoke to one of their investors yesterday, is a company at the core of this that actually did a lot of the engineering. where does the value lie here? is it in the engineer around augmented reality that nintendo maybe has partial ownership of? or is it in the intellectual property that it's just now showing a willingness to leverage on mobile platforms? >> obviously i think it's need. i think what's being priced here is again they'll be able to do this again for further titles,

they'll be able to come up, mario, or syeda -- zelda. if this is a one-time thing, i think you'll see it stumble pretty badly. >> let's hope it's not mario cart while in your actual car. that could be dangerous. the nba announcing it will develop original and exclusive content for the company, including two weekly shows that will stream live on twitter, vine and periscope. it's the first time anyone will be creating original live streaming content. the deal does not include live games. wimbledon, rnc, football this fall, and now this. they've been busy. >> last summer we talked about how important video was for twitter and what a priority it is, and what you see here with this nba deal is the legitimatization of what was

being done illegally by vine users. they would take their phone, hold it up to their plasma tv and just take a video of, you know, a stef curry or lebron james dunk, then post it illegally on vine. now what we're going to see is the clips will be available and monetized by the nba. that's a good thing, if you look at youtube and what they went through, you know, ten years ago with ip issues on their platform, i think that it's great that twitter is getting ahead of it, and let's be honest they're nor educated with what i'll like light infringement, the people quotes/unquote stealing it, they just want to participate in sharing the media clips. now it will be great for everybody. >> phil, this doesn't include the actual games. it's pregame content, that sort of thing. dodds the commonalty threat

providing this content to users who aren't logged in? and it's not particularly twitter beneficial. >> this is all a mystery, but it's mostly because i do not care or understand anything about sports. even being on this tv show can't make me pretend or care about sports. i would love to see it roll out on something more nerdy that i would care about. >> pretend it's about something else. how would you measure the success of something like this. it's available to users for free and accessible even if you're logged out or don't have a twitter account? >> if they can manage to get people active at roughly the same time. people tweeting and watching and consumer, that's a very good opportunity to make an instant community, which they can monetize through advertising through very specific things that are available right now.

as soon as they start doing this for game of thrones or something? i will be all in. >> one last point. go ahead. >> i'm super-worried about twitter. just anecdotally i'm seeing some power spending more time on snapchat, sharing more intimate moments of their lives. i think the twitter story and jack's performance will come into question. the growth isn't there on the user base. they really have to get it together. >> definitely under pressure from chrissy teigen, leslie jones, some others having to deal with trolls. thanks for joining us today. meanwhile, markets are narrowly mixed, the dow is positive by just about two points, but the s&p negative by three points, nasdaq negative by ten. earlier today the losses on the s&p would have marked the biggest losses for that average

in two weeks, just showing you the strength in equities of late. shares of goldman sachs are edging lower, compared to last year, because the quarter last year had a big legal charge. they did get a big bump in fixed-income trainings. >> when we come back, a coyne overshadowing day two. melania trump being accused of lifting parts of a 2008 speech from michelle obama. we'll get a preview of what day 2 will bring. and why two analysts who cover the stock say it's still a buy. check out bubba's new ride. why the professional golfer is ditching his golf cart for something straight out of a james bond movie. we'll talk to bubba.

like coffee. but there's one thing you do. you guys okay?! it's called predix from ge. the cloud-based development platform that's industrial-strength strength! as long as you love me, it's alright bend me shape me, any way you want me... shape the best sleep of your life. sleep number beds with sleepiq technology adjust any way you want it. the bed that moves you. only at a sleep number store.

your business needs better technology to drive better performance. so you need it to be reliable and fast. really fast. introducing the comcast business summer savings event. fast internet speed to drive performance, plus cutting edge wifi for your employees and customers, and voice mobility so your calls find you wherever you are. get some of our most advanced products at a great price with over $500 in savings. call today and ask how to get these savings plus a $250 prepaid card. comcast business. built for business.

controversy in cleveland as day 2 of the republican national convention gets ready to kick off. john harwood is standing by inside the quicken loans arena with the latest. >> reporter: this is a controversy that no one could have predicted. donald trump has separated himself from barack obama, yet lines from michelle obama's

speech lines were used. >> barack and i were raised with so many of the same values, like you work hard for what you want in life, that your word is your bond, that you do what you say you're going to do, that you treat people with dignity and respect. >> the values -- that you work hard for what you want in life, that your word is your bond, and you do what you say and keep your promise. that you treat people with respect. >> because we want our children and all children in this nation to know that the only limit to the height of your achievements is the reach of your dreams and your willingness to work hard for them. >> because we want our children in this nation to know that the only limit to your achievements is the strength of your dreams and your willingness to work for them.

>> reporter: now, this would raise questions about the professionalism of the trump campaign as well as the authenticity of the message, but ordinarily it wouldn't be that deal. melania is not the candidate, however the campaign has forced every republican to talk about it by denying that she even used michelle obama's words when everyone can hear the words. the best republicans can hope for now is that the controversy will fizzle out this afternoon, they can switch to the economy. the theme tonight is make america work again. you have paul ryan, mitch mcconnell, the senator from west virginia, michelle moore caputo, and trump's children will speak tonight. >> joining us this morning atport 9, former aide, professor cliff boykin, and phil mugger,

now president as imge. phil, you worked for a candidate who obviously is not even going this week, so how do you responsibly characterize this controversy? will it be forgoin by midday? >> i think it is on a life cycle. jon made a good point at the lead-in. frankly like a lot of people, i went to bed not aware of the controversy and woke up to the storm this morning. the good news is that the shelf life of this story i think is fairly lynn yard. i watched her speech last night and thousand she did a terrificup. we're heading into the night session where we have a great litany of speakers, including paul ryan who will i'm sure will are detailed proposals, with some additional warm and fuzzy, who is donald trump from his family. i think this has three or formower hours of increscent

buzz, and then we move on. >> so it's a lost opportunity to talk about something else from last night. is that it? >> i think it's more. it's the whole day they lost. they started off the day with steve king talking about how white people were a conspiracy race to other people. then a floor fight on the convention floor about the anti/never trump people, and then the melania debacle. this is an example of unprofessionalism on the campaign, and the whole argument is hillary clinton is the one who is dishonest, so having this speech where she's taking words essentially from michelle obama undercuts the argument that trump is trying to make. >> as we look ahead is this year

different? is this more about energizing the base to turn out and forget about latinos? forgot about blacks and others that haven't traditionally been part of the base? >> i think the message partfully from melania, she was very specific will reaching out. that has to be part of a winning coalition. there's a good mix of convention speakers, obviously drawing contrast with the clintons. speakers last night did that effectively. i think leader mcconnell will be focused, and i think there will be prisks for a policy policy-oriented future, so, no, the shot answer is any winning campaign has to be focus odd growing the pie, because the reality is we don't have the electoral inclusion so whether that's the night's lineup or

governor pence or donald trump on thursday, that's the mission, unite and then speak to the broader population of the country. >> when the lineup was announced, the clinton campaign went almost person by person and attacked the record of each of those people, everyone except melania trump. what does that message sent? >> i don't think it's good for the clinton campaign to go after melania trump directly. i think the media is focusing on the story. i disagree with phil, because i don't think it will disappear quick quickly until the trump campaign acknowledges what everyone can see for themselves, the story won't die. i any this is an amateur campaign being run, is this an example of how they'll run the white house, i think we're in

for a horrible four years. >> if we're scripting tonight, a night around economics, with the s&p near record highs, unemployment sub-5, gas prices historically low for a summer, what would your argument be? >> i think you have to lay out a compelling agenda for middle-class growth, and i think a lot of the message in the energy and the trump campaign has reached a disaffected working-class voters that feels like they're being left behind in an economy where the stock market is doing great, obviously the thing you mentioned are all true, so i think a central message about how it lifts the ship for all americans is the central growl. >> obviously we'll be tuning in to see if it's more on target than it was last night. thank you. we appreciate it very much. still to come, new data over

on how much the poke mon go craze is affecting small and local businesses. steve crawlie is here to discussion. more and more users are logging off of netflix, they say the service now costs too much, but our next guest says the stock is still a buy.

welcome back. exploring in a bit to catch more pokemon, earlier this week, the app launched to 26 other countries, and it's going to be available in japan tomorrow. our next guest has actual data reflecting where the crowd has been exploring. dennis crowley is the founder and technical chairman of foursquare. thanks for being here. >> thanks for having me back. where are people actually going? what do the patterns look like? and maybe the likelihood this

will keep up? i don't know if you've looked at other games and see if they've been able to maintain this? >> yeah, we can see through some of the foursquare data how people are moving will you the real world or mentioning pokemon in some of their swarm actions, going to more places than they went to. one of the game's goals was to get people out exploring the world. >> if they're ute exploring, are they staying in certainly locations or flitting about. after they catch pokemon, do they eat pizza, watch a money or go after the next one? >> i don't think we have strung all the analysis together there. i think we'll have a post soon, i suspect, bud we should be able to say they went to a landmark and this is where they went after. we probably could have -- >> we have had some cell site analysts argue it could be not the solution, but a solution for

the american mall. you think that's overstating it? or is it just too early to tell? >> i think it's too early. i think you have to see how long the phenomenon will last for. games used to encourage for people to use the real world in a different way. swarm was one of these and foursquare started one of these, and it's great to get people out there, and introduce businesses and explore what's nearby. >> there's been some frustration that there's not decorum, that places of worship or memorial should be offlimit. as a tech executive how do you feel about that? you can check into arlington on foursquare or facebook. >> i think the designers know who the younger crowd is, so they can't be sending them to bars and restaurants, they have to sent them to public places, it's landmarks, public parks. people ask us how would this game be different if they were your foursquare technology?

that's helping people to understand are they in the gap or j. crew in chipotle or -- i imagine the next version will use that as a game again. >> is the team at foursquare thinking what can we learn from pokemon go and apply it to what it is we do? is every company that operates in the mobile and reality space doing some of that? >> yeah, i think we've been doing location-based games for a long time, like eight, nine years. i think what poik money is doing is educating tens of millions of people that these games do exist. i think you'll see another 100 developers racing to build something like that. the great thing for foursquare, we build this location-based technology and license it to other technology companies, so i bet you the next 10, 20, 30 versions of location-based games trying to beat pokemon will end up using something we have

built. >> do you think there are some that could be location-balesed games. >> there's been talk about how to take existing franchises and turn them into something bigger, so this pokemon came out of from nowhere. pokemon is a huge business on its own. could disney do some? does harry potter do something? carmen san diego? that's not something that foresquare will do, but that's something foursquare technology could help power when chose companies design -- >> i like the carmen san diego idea. >> pack man, kayla, i think that's made for this, you could be pac-man like this. >> we did a pac-man game running around new york. it didn't have all the technology, way before foursquare. >> if it gets done, we can sue. thank you for injoing us. >> thanks for having me.

europe closed about 40 seconds ago. some disappointments in europe. markets v markets have a negativewe have a couple losses, just getting flatter. the institution investor survey deeply disappointing for many. plunging to effectively a low. we'll see if the polling started at the beginning of july, the improvement in the markets means perhaps it's not such an issue going forward. remember there's a big ballots between the italians that want to rescue the banks and the rest of the union that say if you do that, you have to bail in the creditors, make some of the small investors take losses. the european union of justice suggested that the bail-in requirement is legal and you're not allowed state aid until

single marbles rules. i think the market has also focused on the caveat that the bail-in is not a necessary precondition. airlines have been fairly active. for wen air france and lufthansa, i perhaps british air was because it's on cost-based sterling and ryanair, which they say tends to pick up in a downturn anyway, as a low-cost carrier. top gainer today is the german online fashion retailer zalando saying the margins will rise, despite a big investment in warehousing and distribution and technology. that's knocked out, as you can see, we assume some of the shorts which we're getting up towards 20%, but in summary, guys, very much going into -- and everything just beginning to taper down. when we come back, we are

still watching netflix down 14%. our next guest is saying it's not all bad news. check on bubba's new ride, while the pro golfer is ditching the golf cart for a jet pack. when we come back. there are many things you don't want in industrial strength- like cologne. morning! but there's one thing you do. (gags) it's called predix from ge. the cloud-based development platform that's industrial-strength strength! announcer: when they test you, stand firm and move only when you hear the seatbelt click that says they're buckled in for the drive. never give up till they buckle up.

good morning, everyone. i'm sue herera. here is your cnbc news update. they are being sued over emission cheating. they have software that allowed them to cheat emission tests. maryland is also expected to file suit. they sees hundreds of millions in damages. a tour bus had in china burst into flames killing all 26 people on board. authorities say it caught fire after spinning out of control and smashing into a guardrail. turkish president erdogan says if the parliament reintroduced the death penalty, he would approve it. this came after thousands were arrested when a coup to overthrow him failed on friday.

medications used to treat opioidens may be more effective as surgical implants than daily pills. 86% of the implant group did not relapse, compared to 72% of those who took the pills. that's our cnbc news update. back downtown to "squawk alley." back to you, kayla. thank you, sue. netflix sinking on disappointing subscriber growth. currently down 14%, the company reporting second quarter us subscriber addition well below the estimated 500,000. international subs, or 1.5 million, that was also below the street's 2.1 million estimate. so is binging on netflix still a good idea? michael, i will start with you.

you have the price tart kept in place how much air was taken out of it last night? >> well, there's no question it was an ugly quarter. there's no hiding behind this one, but i think it's important to put it in perspective. this is a miss of about 7 to 800,000, compared to a base -- less than 1% of the overall subbase. there's short-term issue, the un-grandfathering and olympics impacting the numbers in q 2, 3 and 4, but it really doesn't change our view that they're going to reach 140 million subscribers by 2020, so we're able to maintain our earnings and price target based on that. >> but the company down down the q 3 expectations, how do you think they got it so wrong? >> they've had a choppy history with price increases.

in general they're having a hard time finding the right strategy and guiding around that strategy for price increases. i think it will prove to be relatively short term in nature after this grandfathering period, i think we'll be back on track. >> otuna netflix seemed to say it was unexpected defections but the revenue from the new people signing up will droif the adoption of new original content are we still confident they're good enough they're going at how they -- and that will drive demand? >> i think it's a very difficult thing to get your hands around, but one thing was pretty clear,

you know, to us, that the degree of price sensitivity of netflix customers is actually higher than we previously believed. that let us to recast our thesis a bit to lean towards more international growth as a long-term catalyst. in the u.s., we think that this data point we just got confirms there is perhaps what could be a lasting deceleration. the company has discounted the potential impact of market saturation in the u.s. as well as competitive pressures. however, i do believe those are becoming more and more factors, which is why we kind of took a more cautious outlook, though we think that the longer term outlook is still pretty decent. if they can navigate the second half of the year we think better things can happen in 2017 and beyond. >> michael, that price sensitive, that lack of

elasticity, is that a macro-econ thing? or just simply people widening their diet of platforms and reaching some level of fatigue? >> there's definitely some degree of that. if you look at what's happening in the market in general, we'll see a reduction in the dollars spent on, and more -- that could include netflix, hui, and i think thereof be but it's interesting, we did a surveying and found that the majority of those in our survey suggested they would be willing to subsorb a price. obviously in the near term they need to keep things where they are. >> how saturated do you think is

the market? how mature is it? and what sort of salvation could they potentially get from the x1 comcast deal later this year? >> the u.s. is far ahead in terms of penetration of broadband households compared to the rest of the world, which is why the up side internationally is so high, u.s. now approaches 90%, i think, compared to the much lower percentages across the world. so in terse of that, that's why i think the company has a lot of, you know, runway. i do believe, though, that as we, you know, look to 2017, there's going to be a lot of potential tail winds in terms of navigating that. our buy recommendation we think despite the price action that we're seeing today is still justifiable, you know, given the

potential that i talked about. you still have to get through cash burn. a billion a year. we think that can turn positive sometimes starting in the second half of 2017. >> it's not often you get a ceo who apologizes for volatility, but that's certainly what we have on our hands. tuna, michael, thank you for joining us. season it of our digital series "binge" is streaming now. he said he would be short of netflix because of the competition in streaming. take a listen to this. >> it's not necessarily a horse race, because it's a broad field. it's the dark horse we haven't seen yet, that's what's going to start to change the game. >> the dark horse we haven't seen yet. wasn't too specific on who that could be, but obviously you can

think some pretty often contenders. >> you went through a number of options. he mentioned a wide gamut. >> wait before conscious house of cards" was on their plate. dow is down three points, still holding above 18k, but first, rick, what are you watching? >>. >> well, i continue to watch the treasury market try to sell off, try to have a correction. it doesn't seem to go very far. how is all this is going to affect us? the drug of choice is low rates. today's big number? 0.6. you'll have to show up after the break to find out why.

coming up on "halftime report", netflix have been the worst day in years? do you buy on a dip? kevin o'leary will weigh in. plus jim cramer seg analyst tony saganaki is pawly responsible for the move today. is active or passive management the best strategy? plus what hat on the comerica earnings that got mike mayo so upset. he will join us and tell us. carlos, see you in about ten. sounds good. let's check in with rick

santelli for "the santelli exchange." >> good morning, carl. we are at the point of little to no return. i'm talking about the return on your money. we know that negative rates has pushed global rates lower. i don't hear mario draghi stepping back or retiring the bazooka. this number is big today. you want to know why calipers reports lower gain since the financial crisis. it said it earned 0.6% for the fiscal year ended june 30th. we all know they're the largest public pension entity in the country, the lowest returns since the credit crisis. it's always been textbook risk versus reward. is the amount of risk needed to

get any sort of reward is going through a ceiling, this is a solution to me looking for an intersection for an accident at some point. these guys that run this are among the best, they're good, but to think they have a target still of 7.5% just underscores the irony of the times we live in. think about it in another way. the bank of japan and the government is actively involved. we know there's plenty of transmission lines from central basics into other countries regarding their policy. how long will it be before the u.s. has to take a stance in that regard? considering where the debt is where it is, and entitlements the way they are, the demographics of the day, who will take care of future retires with this condition? at one of the better public pensions?

i don't know the answer, but i know one thing, the government's answer is always more government. who will get the bill? we should be talking about these things. jon fortt, back to you. a couple years ago he ditched a couple years ago, dit the car for a hovercar. new ways to get around the course. more "squawk alley" coming up, next.

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. shares of yahoo! moving higher this morning.

the company posting steep losses in its most recent quarter looking to sell off its core internet businesses. yahoo! says adjusted sales fell 19% in the second quarter. the sixth decline of the past seven quarters, but this morning sources telling david faber there are now five bidders in the final round for yahoo!'s core assets. remains to be seen where the fault lines will be drawn, along the core assets, intellectual property, real estate, but we'll have more reporting on that when it comes in. yahoo! shares currently up just shy of 1%. when "squawk alley" returns, how pro golfer bubba watson is dumping his golf cart and giving new meanings to the words eagle and birdie. stay tuned. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses.

the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel - and there's so much more to see. so we found a plan that can travel with us. anywhere in the country.

[ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now - and down the road. i have a lifetime of experience. so i know how important that is. foand millions moremericans lwho feel its effects.s, let's walk together to make an even bigger impact and end alzheimer's for good. find your walk near you at alz.org/walk. there are many things you don't like coffee.strial strength-

but there's one thing you do. you guys okay?! it's called predix from ge. the cloud-based development platform that's industrial-strength strength! >> announcer: morgan stanley quarterly results. plus, traders early moves on microsoft. "squawk box" tomorrow, cnbc. first the hovercraft, now the jet pack. oakley is teaming up again with professional golfer bubba watson introducing the world's first flying golf cart. joining us to talk about the bw air and, of course, about team usa in rio is two times masters champion bubba watson. great to have you back, man. welcome. >> thank you so much. >> we remember, i guess golf carts aren't good enough anymore? got to fly around the course. >> you got to change the game. it's sometimes boring.

got to get people interested in it. the more technology, innovation we create, the more people will watch it. >> tell us what this is exactly. >> it's just a -- a flying golf cart. you know? it's a jet pack. we did the hovercraft and now we tried to create something new, more innovative, excitement for the game of golf. so even if people don't use it, people will notice it, see it and might go, golf's actually fun to be around. why not play it? >> you make it sound so easy. it's just a flying golf cart. what do these cost? >> rumors. experimental stage. it's going to be pricey, but, you know, it's for the fun of it, and like i was saying earlier today, responders will be the first people that are going to have this, can use this in the right way and then for us golf nuts, we'll just have fun and then golf will get in the way. >> any thought about having a two seater? usually, playing golf, got somebody else with you. do you need two? they come in pairs? >> if you and me are playing golf, i don't want to hear about

your bad stuff. i just want to play golf. i want to score good. >> i think you'd be one ahead of me anyway. >> i don't want to stop for you. >> the caddie walks. right? room nor clubs. >> right. he's carrying the food. >> i see clubs in the back. i don't know. >> you can put the clubs on that. >> adds weight? >> you can get it done. enough horsepower. we can get it done. >> will we get carl to strap in? >> i'll hit the on button. see what happens. >> availability? >> give or take. what i know of, a little after -- experimental, and the u.s. has a little more restrictions than what we're working with right now. >> yeah. i wonder if we'll see it launch, retail, in other parts of the world first? >> yeah, could be. right now, again, like i said, the company's out of new zealand. probably there first. but if we want to, we'll let you be the first to test it. >> easiey erier or harder to ge permission for this versus and

unmanned drone? >> i'm going to say -- >> if i have a pilot's license? >> yes, you need a pilots' license. a lot of testing, a lot of struggles and finally get the license. yes, tougher, definitely, than a drone. because of how big it sand what it did do. goes 3,000 feet in the air, 50 miles an hour. that's some dangerous equipment. >> this one is up, down, this one left right. >> right, and this one shoots the bullets. oh, that's a different version. my fault, and clubs in the back? >> strap in, yeah. >> have you actually ridden this before? >> no. i'm not that brave. only a couple pilots in the world now and a couple models that can fly. very limited what you can do with it now. >> on rio, been on the show already, talked about your decision. >> yes. >> are those not going making a mistake, do you think? >> i can't speak on their behalf. me looking in, yes. i think they're going to make a mistake, but, again, it's all about situations. zika was never a fear. we adopted our kids. i was never fearful of security.

so for me, and it's our country, and it's the olympics. i was in, from the get-go. long as i made the team, i was in. >> see you down there, even if just you and me. we'll have fun. >> we should do another interview down there. >> thank you for coming in. bubba watson. we're back after this. guys, take it from here, welcome to the "halftime report." i'm scott wapner. stock plunging, suffering one of its worse days in year today, after its u.s. subscriber numbers missed the mark yet again. a knife to price targets including our special guest, suntrust bob peck with us on the set. bob good to have you as always. also with us, joe terranova, stephanie link and sarat