congratulation and to tell them that god is with us after 30 years with hosni mubarak and his 44 thieves as ali baba. i decided to go there this year to see my children and my grandchildren and must understand if you are -- read the newspaper today as you see here with that -- you must understand why me and why many like me run away from egypt. it is not easy to survive outside your country. it is not for years. -- four years. i have a heart attack, six time heart operation and i am still here. i am not stronger than any one of you but i would like to see if our government can support this man because he learned and he is becoming a doctor, engineer in america. but he refused to the american when -- because he like me. he like to be like egyptian guide. god bless you. support you. i hope to see that sooner or later. president chiu: thank you very much. next speaker, please. >> good afternoon, supervisors. stop the corporate rate of our public library. do not accept money from the friends of a library. did i give money to the friends of the library. i have discussed the failures of public-private par

we didn't get much of a pop on the ali baba news. much. because the reason is that ali baba has not gotten financing yet. until they get the cash yahoo! won't get the cash. they'll get that deal done. once that deal is done, they will turn and they'll monetize yahoo! japan relatively quickly. half the board is brand new. dan loeb he's got $1 billion riding on this. my money is with him. >> always great to see you. colin gillis making the case for yahoo! shares. we should note that cnbc and yahoo! share and produce in editorial content. >>> we'll bring in rick santelli and the santelli exchange. >> thank you, melissa lee. we'll talk about safety, socialism and scandals. start off with safety. boy, i'll tell you it's like living in a credit market twilight zone episode. now, we can understand when you look at treasury yields, and then look at the swiss yields out to five-year negative start to scratch your head. then look at the french two-year in the low teens. you think oh, my god, the world is upside down. consider, peugeot has been

the last is dealing with when ali baba closes and their decisions when that money gets spent.september and i think the stock could move. >> your trading strategy just got a big thumbs up from dr. jay who is next to me. >> that's exactly what my brother, pete, has been saying and doing last year, when the stock was 11 bucks on its backside. you own it and sell the upside calls exactly the strategy you've been talking about. you've been rewarded huge. it wasn't just like you're saying, necessarily the catalyst to get you into the stock here but, you know, sideways actions and collecting those premiums has worked like a charm. i agree with you. i think it works all the way to september time frame. >> there comes a time this thing does explode upwards, i think. i think 22 by the end of the year next year is possible. there's been a lot of good news building. the stock hasn't reflected that. there will come a time, i think, in the fall when it does break out. >> great to have you on the show. thank you for your patience and speaking with us. shares of electronic arts plunging 44% t

. >> well, now, it's a signed deal with ali baba. that's new, michelle. >> why hasn't the stock moved already then? >> -- $7 billion coming back to yahoo! pretax. there's some more definitiveness to this and yesterday, i think you were talking to them, jordan rojan of steeple said there's a good chance we'll hear about a deal from the deal from the japan stake. >> although it has been trading sideways for the last six or seven months or so, but i think there's tremendous upside in yahoo!. what's the worst case in terms of stock price on the downside? what do you think the risk reward is here? >> i think there's a possibility global crisis and so forth. this thing goes back to $11 where it hit a year ago on the bottom. you're talking about $4 of downside for i think, you know, easily seven bucks of upside. i think by january. >> mike murphy? >> eric, this didn't get a lot of press on friday, but yahoo! settled a patent dispute with facebook. it seems a bigger deal to me than the market gave it credit for. can you speak to that. >> yea

he resolved the proxy battle with dan lobe, he had a deal in may to sell the stake with ali baba andhen the patent infringement lawsuit. he got a lot done in the past month and he's the goldilocks scanned date. he's been there two years, long enough to know the business, but not long enough to be an insider. >> and some of the names wanted about in the press were not particularly inspiring. people you would expect, but have been around for a long time. >> this guy is youthful in thinking but is a grown-up, and that's one of the reasons why i've felt his strength. >> meanwhile, in terms of the stock, take a look. it's been dead money now for quite some time. >> at $15 forever. >> geez. >> they are monetizing the ali baba stake, but not in the fashion they wanted to, but they will use that money to potentially shrink the cap, and we'll see what else comes with it. >> one of the greatest trades during this year is to sell kohl's, the 15 strike against yahoo. >> yeah. >> it has been one of the great annuity streams, and i think that that could finally change and you don't want to be shor

the ali baba site also has technical features and specifications, all this despite the fact apple hasything about releasing the iphone 5 or given details or pictures so someone may be losing a job today. it's an interesting one and you should check it out, joe. i know, are you getting an iphone 5? >> you know what? someone the other day laughed at me because i have a blackberry, and made an age reference. >> i have a blackberry and iphone. >> you're young and happening. >> i don't know about happening. >> you were at the book party, the grayden carter. i know where you were at the other night, you're at page six, you're at every page six event. where is pilar, home with the kids all the time? unbelievable. much more with warren buffett, while you're out cavorting around. >>> still ahead, breaking economic data, the closely watched weekly jobs report is due at 8:30 a.m. eastern. keep watching "squawk box" on cnbc, first in business worldwi worldwide. ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. t

we can go to jerusalem, ali baba, the arabian nights. it is simply unacceptable. we never referred to the arab nation as our friend. in my life, and the jack shaheen called me an old man the other day, but we find out why they are called moderates. i do not want to be moderate. i would hope i could be someone's friend. the difference between the right word and the almost right word is the difference between lightning in a lightning bug. the question here -- if, in fact, we are prejudiced against arabs and we use the term anti- semitism instead of anti-arab, i think the prejudice will evaporate over a period of time. i think a fellow semites can unite in this and not necessarily take away this phrase, but to use it to bring us together, the only reason we are a part of this and not together is because of politics of the day. it has nothing to do with interpersonal relationships. i think that's extremely important. no one can deny the fact we are part of the semantic race. now when i can take away what jim argued so welcome on the demonization of jews that took plac