is aol really cool again? will you reactivate that old aol account? dennis? dennis: no.iz: tweaked the show. we will reveal the best answers later in the show. ♪ liz: it sure is cool to have. one of the first. if you lose the coolness factor of a company, it is hard to get it back. second highest online video views. hulu say they are second behind you to. more importantly -- we have to aol chairman and ceo. >> i am the head counselor. we will get him a clue. [ laughter ] liz: i love it. last quarter appears to not be a white unicorn. some real opportunity. you did it again. >> most importantly, the real driver is the work that employees have done bringing the company back from the dead. we had global advertising for this quarter. we also had profitability growth. first time in five years all advertising revenue lines grew overall. we feel like today is a monumental step. we are super excited about where we are right now. liz: i just gave from omaha where i was interviewing a bunch of buffet leaders. this company had for ceos and to yours. it was losing money hand over fi

shares of aol hovering near all-time highs, but is the rally in danger? earnings set for tomorrow morning. we debate is ahead of those numbers. >>> first, our top story, the dow topping 15,000, hitting another all-time high. is the market ready to break out? or is it at a breaking point? the charts seem to support the rally. the transports, the russell 2000, high-yield corporate debt index all at new highs. the transports hitting a new all-time high helps you sleep at night. but are our traders believers? let's go around the horn, simon baker, stephanie link and josh brown. stephanie, do these charts make you billish? >> well, we've been bullish for a while. we've had 10 of the last 12 days we've been up, though. i wouldn't be surprised to see a little bit of a pause. that would be healthy. i think the general direction is higher and i think the cyclical trade continues to be the one you want to be in, anticipating a second half of the year recovery. and last night we got another central banker that lowered rates. so you know, that joins the fed and the e

. >> aol shares tumbled after posting a loss. >> they said it was a decline in internet subscriptionsworst decline in 18 months. >> america online closed at $37.74. >>> pleasant hill's dome theater is nothing but dust before opponents could file a restraining order to stop it. >> in the blink of an eye, the final curtain came down on the dome theater. >> i grew up in that at the her -- in the theater. >> i have so many memories because i worked with so many good monitors, all the people like we are a family. >> the city council voted to not stop the demolition. >> we've been in the development process my personally for eight and a half years on this project. >> this was a plan put in place a very long time ago by the city. >> numbers tried to get a retraining order but didn't make it. >> this is what we have. this is what we had. >> this is what's left. >> like in any cineatic saga, there were tears. >> it's really important to everybody. >> one opponent raised asbestos concerns with the developer. >> he told us the environment is safe. >> we're not going to jeopardize anybody's healt

look lag at media company, aol media. reported their first quarter revenue growth with strength in the advertising business. the stock as you can see is to the downside, down about 10%. some concerns about ad revenue growth. that is something we'll continue to watch going forward. the concerns is that profits were still mostly coming from shrinking dial-up platform. the question that the analysts start to have is the content they're providing is this really going to be profitable going forward? that is one of the reasons why you're seeing aol, it is obviously under some pressure now. that is the latest. back to you. very much.cole, thank you we'll be back with you in 15 minutes with the dow at session highs. starting to pick up more momentum. talking about aol which nicole was, tune into fox business at 3:00 p.m. eastern, liz claman will talk to the chairman and ceo tim armstrong on "countdown to the closing bell". so don't miss that. tracy: coming up if you can believe this there is a bright spot for struggling retailer

the former aol exec says that doctors should be under the same scrutiny as bus drivers.he knows too well how deadly drug an alcohol alcohol abuse can be. his two children wrn killed by a driver under the influence of both prescription pills and alcohol. now pack is working to get an initiative on the november ballot next year asking voter to require all doctors in california to submit to random drug and alcohol testing. >> there should be random drug tests just like this is for an airline pilot. anybody who holds the life of another human being in their hands we think should be under that scrutiny. >> reporter: it also calls for overturning a state law that puts a 250,000 dollars cap on malpractice suits involving pain ansuffering. it calls it another trial lawyer money grab. we will talk more about these efforts to get rid of the cap come ug up at 6:00 tonight. marianne favro nbc bay area news. >> we have an update on our breaking news at the top of the show. the tornado in oklahoma were the state medical examiner's office, confirmed 37 people dead at least. the search

never managed to make a success of myspace and aol lost a fortune after paying bebose be boast -- social network. >> culturally and geographically it is a risk. i think those risks are worth taking. this is what the company has to do if they want to resurrect themselves. >> some users are already complaining and yahoo will have to be careful. the new owners are confident that they will keep the audience happy. "bbc news watching world america." we catch up with the astronaut to get his reaction. the nigerian military says it is deploying 1000 more troops to the northeast of the country where it is trying to defeat islamic militants and establish control of the region. thousands of soldiers are already thought to be taking part in a major operation. the defense ministry lanes the militants are in disarray and fleeing to neighboring countries. we were sent this update from the nigerian capital. >> this whole military operation is taking place in two very different environments. on the one hand, it is the .emote rural areas and then there are countless are known to have a significant presen

what do you think about aol?i think tim armstrong put a terrific number up and people didn't understand it. and you ought to be a buy, buy, buyer of aol. adam in florida. >> caller: adam from miami beach. >> nice. >> caller: with new products getting ready to launch and massive insider buying from the ceos, opco health. >> i like it. a lot of people are second-guessing. you go to the university of miami, it's easy to second guess the amount of money he gave to that university. nancy in new mexico. >> caller: cramer, big boo-yah for you from the land of enchantment. what's your take on erickson air crane, we purchased as a spec last friday morning and up 15%. i know you don't turn specs into investments. what should i do? >> wow, you know what you ought to do? do some work on that. i don't know that one. erickson. you got the -- man, you got the jump on me. i've got to work on erickson air crane. i thought it was a tell co guy. i don't know this one. let's go to lois in florida. lois. >> caller: yes, boo-yah, jim.

. >> the nasdaq is trading at levels we haven't seen since aol bought time warner. that was in 2001. it's been a long road back. for the first three month of 2013 defensive sectors like health care and consumer staples led the s&p 500 and dow jones industrials to new highs. however, as defensive stocks like johnson & johnson get more expensive, we're seeing this rotation of capital like technology which make ups a large component of the nasdaq composite. better-than-expected earnings from technology corporations have also helped tech outperform. according to thompson reuters of the tech companies that have reported thus far, 69% have beat their estimates. lastly, deposited economic data from gdp to job, that's a big plus for tech. brian marshall is telling me, as companies feel better about their business outlook they will in turn hire more people which ultimately should lead to more spending on i.t. among the tech stocks fueling the nasdaq over the past month, apple shares staging a major comeback, although shares still trading below the september 2012 hive 7.05 a

and very important day for the aol employees and customers and consumers. a row of growth on top and bottom line growth. so, from our standpoint, you know, whatever the stock is trading at right now. mo more. >> there is ongoing decline in subscription revenue. how do you address those concerns. >> we have done a great job moderating them. it's up year-over-year on both sides. a couple of the big companies have had good earnings around adds. a a lot of the companies we have competed against haven't. >> those in your other media sites. >> consumers going around on major brands. going to more countries by the end of this year. i don't think anyone would argue has turned into a global power house. in the investment has been investment in local communities. you see some other really well known investors in the space. i think our job is to invest where opportunity is. and look, my job, i don't get paid for making short term decisi decisions. our board doesn't. >> thanks so much for joining us. thank you so much for joining us. >> high stakes? mill shakes. someho

amazon, target and president obama voiced their support of the bill. ebay, facebook and aol are against it. turning to wall street, stocks closed mixed, rising above 1600. the bloomberg silicon valley index higher today, shares of apple gained. and you tube planning to offer paid subscription offers costing about $2 a message. in san francisco, i'm emily chang, back to you. >> emily, thank you. >> jobs will be available tomorrow at our jobs journal hire event taking place from noon until 4:00 at hilton garden inn. >> job of forecaster is kind of challenging right now given we have rain, you know, it's kind of odd outside. >> muggy out there. >> looks like east coast weather. scattered showers and thunderstorms. with where you can see scattered showers still rain wrapping around an off shore low. we have a little thunderstorm cell. and a wider area of showers and down pours. most of the bear is dry at the moment. and east of it we have a wider area of showers. no thunderstorms reported there. but there could be locally heavy down pours. forecast features we can continue to see isolated t

believe it or not, aol is still mostly coming from a dial up platform. we have the ceo on our show.coming up on street signs. >> all right. thank you. today's yahoo! finance. >> 20% say i'm less sure. 14% say i'm taking money off the table. and 32% say i'm on the side. does that add to r up to 1000? i'm not sure. you do the math. >> the money men and women behind the hottest start ups. power lunch exclusive. >> nice to have you here. every industry we were just talking about has its lists. if you manage to make the mi das list, it's quite an exceptional thing. >> and there is only the few that matter. there is an asset class that is awful for the bulk of the people. it's our 12th annual last. >> the other thing is you can hit one year and you're good for a while. but, if you don't come up with that next big thing, you drop off in silicone fairly quickly. >> based on the strength of google and yahoo! before that and amazon before that. we look at five years. if you were doing well five years ago and running on fumes since then, you will fall. we have seen that. the people at the top

, i agree, like a hot retail stock, for you know teenagers, a lot of other things like myspace, and aolhot and a fad then they get tired and move on. i would not be a buyer. neil: issue two, are tablets about the to go the way of sony walk man, a blackberry ceo said that in 5 years tablets will be obsolete, what do you think? >> i think this sounds crazy on the surface, below and above the surface, this is like architect of titanic saying it is unthinkable, blackberry had their shot, it does not work out, now sounds like sow are grapes. -- sour grapes, i think tablets will be smaller, foldable, you put them in your pocket. what is going do see the decline is the desktop computer. neil: if you listen to this guy, he almost sounds sinister, he is not, but ty he said, people would love our devices, i am thinking he says we go smaller to phone-like devices, that sort of thing and still small we don't need anything more than our phone. >> you have to consider the source. with blackberry, they took almost a 500 million write down because they could not sell tablets. i was at my child's presen

we were on air america, sirius xm aol for a while, and i have been on msnbc, and right here on currentwe pick "the young turks"'s name. it meant young progressives looking to overthrow the establishment. and that's what we have been looking to do for 11 years. what do we want to change? the media and the government. what is wrong with the media? unfortunately right now, fox news represents the republicans, msnbc does propaganda for the democrats, unfortunately and cnn does propaganda for both parties. so what we would like to do and what we have been doing all of these years is a truly independent show. and that's why we got to a billion views. we gave the audience truth and honesty. and that's why you guys watch on current as well. we have had some great moments and i remember the time we hit a billion views, and i'm like i didn't believe we have a million views. and i'm an incredibly optimistic guy, but if you would have told me we were going to get to a billion, even i would have said get out of here. the audience is obviously what got us a billion views and got us on current tv as

then on the scandals, clara via aol, what you call candidates sx calls opportunity.u're a fat feeble fastist who has it out for the president. claire, i say scandals, you say sandals, let's split the difference and say serious. we should all agree, wrong, just wrong. legal or not, still wrong. going after conservative groups, still wrong. going after reporters who don't carry your water, still wrong. twisting the arms of private companies to pay for promoting your flailing health care law, still very wrong. on to a keith e-mail. is my constant drum beating for more spending cuts. cliff in seaside heights in new jersey put it, hey, cavuto, why don't you get out of your dream world where everything is nice and nothing is wrong? try thinking about people who have been wronged. think about people who are in pain. think about guys like my who deal with pain and ballot with eu8ness. you couldn't relate to that. fat chance your fat [bleep] would even have a clue. cliff, fat chance you would even believe my sons so i won't bother, even though i don't like you much. so many o

we're about where aol was back at 24 bucks post with the microsoft patent deal that they did.has had a great run from $10 but at $24 it looks kind of steep here. i think i've got to step awe way yet there was still a lot more upside to go. there were a lot more pieces of this story to play out. i think the same is true here with yahoo!. yahoo! was so depressed for so long trading around $14, $15. people got used to it to perennially being there and now there's been an 80% jump in shares people are excited. but we still have the alibaba deal to come this year. we have the tumblr story to play out the rest of the turn around. the quarter turnout. i think there's still a long way to go here. >> how do you get around the notion that yahoo! is really just a sum of the parts story, someone over the weekend called it the equivalent of a private equity firm in tech because everything is based on their holdings and those valuations. it's not so much an execution story. at least hasn't been until now. >> well, there are three parts to the story. i think, obviously two of those three par

directv, whole foods stores, toyota, aol and the media giant, news corp. among the parade of profit reporters. starting on monday you can buy eight packs of budweiser beer in a brand new bow tie-shaped can. we have to find this. oh, wow. don't try to wear that bow tie. i'm tyler math son. get your business news on cnbc. >> bow tie-shaped can. can't wait to see that one. you can get your tech news. "today in the bay" starts at 4:30 in the morning. rob mayeda has your full cinco de mayo forecast and we'll tell you where you can find all of the festivities as well. >>> good morning. there's lots to do in "today in the bay." today is world laughter day and that's the founder of the laughter yoga movement. yoga buffs, they may have used the phrase namaste, and ho, hoshgs thaand very good. near pier 1 in the embarring der on and laugh it up with these folks. today is also cinco de mayo at least according to the calendar in spanish and for the second day you can head out to the soma park for the cinco de mayo tacofest, south indian style of taco siels and an asso

microsoft could go after the nook, a rumor, and the reason we talk about it is because tech crunch had the aol property, tim armstrong was on yesterday, but it's interesting to see that barnes & noble is waking up here. >> right. what we're seeing is the stock is moving here at a new high, a 22.79, a big move on barnes & noble on the heels of the news on the possibility microsoft is interested in the nook media. there's also college textbooks and the like. microsoft, the dow component is worth looking at as well, down three-quarters of 1%. as you noted, liz, talking about barnes & noble and the shares, we're certainly seeing a jump and having it move to a 52-week high we have not seen since, basically, last april. liz: i know. barnes & noble alive and kicking. not so much the crude and brent falling today, but more interesting that the wholesale price of gasoline out there in america is ticking slightly higher. in new jersey, this is a big deal, i paid more than $4.15 a gallon recently, a lot less in new jersey. normally, it's $3.99 for plus. what's going on? >> well, the interesting thing tod

he showed video of water leaking out of his pop during aol. people reported that they felt this 5.7 even though its epicenter was in greenville in plumes county. that is more than 100 miles northeast of sacramento. >> what's interesting is how far south in the great valley you felt it. that's a function of the kind of rocks in the great valley. a lot of sediments, very flat. everybody knows that. those kind of rocks, flat deposited rocks that are shet down from the surrounding hillsides amplify ground motions. >> so far, no reports of serious damage. we do know one woman in sacramento was injured. she fell down some stairs when that quake hit. reporting live, bob redell, "today in the bay." >>> thanks. >>> meanwhile, new this rng month, the powerful 8.3 rocked the far east coast of russia. the quake was centered in the sea of okutz, east of refresh ya and north of japan. the quake was felt almost 45 miles away. news agencies reporting many ran out of buildings and schools were evacuated. a tsunami warning was issued for the surrounding areas b

he met her online just hours ago in an aol chat room sgroon i made sweet tea for you. it's super good. >> to i have g you an idea why he might be here, take a look at what he said online. using the screen name true sweet guy 69, he asks a decoy if she's good at giving oral sex. the decoy said nobody ever complains. didn't do it lots but i know how to do it. then true sweet guy 69 asks if he show the girl a picture of his penis, would she give him oral sex? the decoy who he thinks is 14 says, oh, yeah, and sure enough true sweet guy 69 sends her a picture of his genitals. >> how are you doing why don't you have a seat right over there. what are you doing here? >> we were talking online. i just wanted to come and meet her. >> who were you talking online with? >> that young lady there, sir. >> the young lady? >> yes, sir. >> he wants the decoy to meet her at the car. >> he was really talking online with a different decoy, a member of the online watch dog group, perverted justice, which "dateline" hired them to do what they normally do, set up profiles and pretend to be yo

now, it's coming back, up a tick today, doing well, and earnings, movers, aol moving to the downside, first quarter growth on strength in the advertising business, but investors concerned that profits were mostly coming from a shrinking dial-up, remember that platform? wendy's selling off, over 5% down. the profit of america's second largest hamburger chain fell 83% due primarily to an expensive debt refinancing deal. there is good news that the revenue was up due to consumer demand for the new low price menu, but overall, not happy. liz: gold did settle at the highest level since april 12th, strengthened demands from asia, a weaker dollar, and gold rises setting al 1473, and oil closing 59 the highest level in five weeks, 96.62 the close there. we saw smaller than expected rise in u.s. crude supplies and strong export data from china. crude rose 1.1%. "after the bell" starts right now. ♪ david: today's record breaking session, center of financial group, markee -- >> [inaudible] david: okay, hold on before i introduce you. adam with news on green mountain. of course, this stock shorte

i mean, probably like using aol dialup back then.is someone supported by industry groups, supported bu consumer groups, well known in the industry as one of the most knowledgeable people on the subject out there. i think what this goes back to, jake, is you remember the executive order the day we got into office putting tough new anti-lobbying rules into place. this is a story actually about how hard it is to change things in washington. the president took these important steps and you got one day of stories about how this was sort of a good idea and good move and then if you do anything where you mention lobbyists afterwards he is getting dinged for it. i think wheeler being a lobbyist a decade ago is not going to stop him. >> are these two nominations problematic for the president. >> i think pritzker is and i think president obama is feeling liberated enough to give good jobs to fundraisers for him but pritzker is really -- especially if, i'm sorry, president obama is looking at a larger budget deal that contains tax reform he is

. >> a drop for aol, down 9%. guy? >> quarter wasn't great. valuation is rich. i forgot it was even a stock, to be honest with you. this is not the dip to -- i don't think this is the dip to buy. i would wait for the low 30s. >> you use a dial up, don't you? >> well, yeah. >> pop for whole foods, up 10%. mike khouw? >> 13%, sales growth, 6.9%, same-store sales growth, beat on the bottom line eps a nickel. the thing is this company, despite the fact a two for one stock split, looks a little rich on valuation at 35 times. i think this is a good time to take some profits. >> another disaster, fusion io, down 18%. josh brown? >> my experience with these kind of tech blowups, got to give them time before you do any bottom fishing. this one especially because it has wozniak and a little bit of a cult name and i think there's going to be some heartbreak and some reluctant sellers which leads me to believe you might get it cheaper if you really want to be in it, but be very careful. >> a pop here for tom hanks. >> what? >> the "bosom buddies" star better known for his t

one thing i want to mention, look at stocks like aol, they're one of the few companies to figure out advertising. pandora is another. they've figured out local advertising on your phone as you move about the city. i think it's definitely got promise and i would stick with the stock. >> let's get back to the big market picture. there are new signs a liquidity bubble could be emerging. it's a situation that's getting larry mcdonald's attention. why? >> if you remember '07, there was a period like this, markets are roaring, but the biggest risk in '07 was the wall street's balance sheets were at risk because of mortgages. now, here we are all these years later. the threat really is the little guy that's exposed to the yield thirst, the yield hunt. if you look at the amount of capital that's flown into not just utilities, leveraged loan funds, high-yield funds, it's up 500% from '06 levels. so it's the most crowded trade in the world. florida, in the land of, you know, the retirees, that's a really dangerous spot. and the portfolio managers that manage that capital don't have the liquidi

aol and even facebook and google. our last disrupter is twitter.ive users tweeting over 400 million times each day are transforming the way the world communicates. from breaking news to advertising, even customer service, 140 characters at a time. now that twitter's ramping up its advertising, its valuation is estimated around $10 billion. television and madison avenue are now embracing the twitter conversation so they're not cut out of the equation. now, melissa, there's a lot of exclusive disrupter 50 content happening online this week. on twitter we're usin using #cnbcdisrupters to discuss and debate. and disrupter50.cnbc.com will take you inside our 50 companies. tomorrow on "squawk box," we'll have the manufacturing companies shaking things up. and tomorrow here on "fast money," the enterprise and security software companies. melis melissa? >> guy. >> i don't use pandora. >> i know that about you. i think you'd love it. >> look at pandora today, a new 52-week high. ridiculous valuation. so julia's point, if they're going to come in and disrupt

dennis: the man behind aol and revolution, steve case, will be here.iro gives us the details on his exclusive one-on-one jailhouse interview with bernie madoff. you will not believe who he is pointing the finger at now. first, let's take a look at some of today's winners on the s&p 500. ♪ you hurt my feelings, todd. i did? when visa signature asked everybody what uraded experiences really mattered... you suggested luxury car seice instd of "strength training withatrick willis." come on todd! flap them chicken wings. well, i tvel a lot and umm... [ me announcer ] at visa signatur every upgradedxperience comes from listening to our cardholders. visa signature. your idea of what a card should be. dennis: bernie madoff today. the banks are to blame for the nation's financial woes. steve case is here to talk to me about where entrepreneurs are having the most success in this country. lauren, get on that twitter. just how much social media drives success for tv shows. it is bottom of the hour. this time it is time for stocks now and nicole petallides. nicole

sugars that are process that they put into food as we showed in the book throug research we did three aol university of michigan, they have brain scans and showed tha the pleasure centers in your brain when you ate these foods and large quantity would light up the same way as the brain would light up to cocaine, and there is science coming up that does point to the fact some of these ingredients are addictive and we need to change our food environment so that there are less than healthy and don't create problems that we're dealing with right now. >> let her mother have. >> she did stop crying. >> look better. [applause] >> look at her leg. [laughter] >> she is adorable. thank you so much. thank you for sharing. oh, my goodness. >> thank you so much. >> what we are going to do know is open it up to questions. you don't have to ask about food . we will be glad to talk about all of that. we could talk about how crazy things are at times. that is news today. abcaeight. so let's open it up to questions . ask anything you want. >> stock fell a bit about the dividing line between governmen dicta

aol has been a best in show name.hink armstrong has done a remarkable job, and he brought back a lot of stock lower and that's what you want to see and has turned that company around dramatically. >> you really feel like -- you do wonder whether that is a true turnaround. they did extraordinarily well in terms of the company sale and other important initiatives. >> right. >> there's still a lot of friction out there with regard, where they are moving aggressively now to put programming out there. >> as is google. aol is trying to develop a orr three minute ved and and there's not as much, like ceo. broadcast television makes me hold my breath. >> on this day may 6th was the flash crash. >> right. >> the point swing on the dow of 1,010 points. you can't listen to sound of you enough that day on "street signs" with erin as the market appeared to be melting down. >> we've now broken dow 10,000. >> p & g is now down 25%. >> that's true -- if that stock is there you just go and buy it. that is not a real price. >> is there

wh >> i have this aol dial-up service. it's slow and unreliable.omething about it. it stinks. >> what about skypeing. we were hoping to skype because you look like an alien a little bit. you can't work out the skype we thought we would see billions or billions. where snru. >> we've coming out. you had a few thousand of us too the south. this process takes a lot of tim and this year it's take extra time. there's a bunch of us taking ta metro this year. take it it's the best way to go. let me tell you. half thetime, half the stations are closed. >> that's enough. you are not going to bad-mouth our system. we've been saying you are coming up in 17 years.s. what do you plan on doing with your billions of friends when fi you come up? >> first thing we want to do iss get caught up on seinfeld. we'll watch a couple episodes of that.that >> yes and then i'm going tong t find me a sexy cicada lady. that's what it's about the next couple of weeks. i'm going to take her out for a big night. hoping to score tickets to what i'm sure is the biggest band out ther

i started out writing blog articles for aol defense and u.s. naval institute. i then wrote an article for orbit and there was a lot of controversy. sometimes not wrought to me directly. and then i wrote the book, and i am very appreciative to the naval war college for the academic freedoms that it very much supports that allowed me to write the book, talk about the book and to really voice my own opinion. this is something that the naval war college to me of all the professional military education war colleges and there is an army war college and air war college, a marine war college, and national defense college, the naval war college. of those i consider the naval war college were in the faculty members to be the flagship academic institution because of its strong sense of academic freedoms and its increasing willingness to go out and find faculty who are willing to be -- i am very careful on occasions. when i'm talking i'm talking for myself and certainly not represent a government or governmental. i took advantage of my position as a tenured faculty member

. >>> and aol near all-time highs, but is it a buy ahead of tonight's earnings?e classic debate. carl, back to you. >> michelle, thanks so much. >>> what happens when political satirists grow up and become parents? the co-owners of jibjab looked at the way their children were consuming content, and they saw an opportunity. the result is their latest venture so-called storygots for kids that ep courages multiplatform learning. greg is the co-founder of jibjab and of storygbostorybots. it's great to have you. >> thanks for having me. >> i have to imagine that after the incredible success that you had with jibjab, the pressure to come up with a really solid second act had to be huge. how did you do it, and what is storybots? >> well, we're very lucky because between my brother and myself, we have five kids, 2 to 8 years old. so in our own living rooms, we see this massive shift in how kids are consuming media. and so we were inspired. we said, if "sesame street" were created this world in connected devices, what could it be? and that was kind of the spark, the inspi

. >> reviews of these aol numbers yesterday. >> i spoke to tim armstrong.he didn't have the number. be careful, don't short this company. they've got a lot of videos. >> finally morgan stanley on sales force. >> sales force has been moert y mortified since they did the split. >> what's coming up tonight. >> we've got two -- we have open table. i think open table's one of the most -- >> that's yesterday's show. >> those guys were fabulous. open table is one of the most -- i use it. don't know if you use it. then they represent the new way for young people to do business. get a little discount or get into a restaurant and they buy. ever since johnson & johnson screwed up with a lot of the consumer products, people buy the brand name. even my executive producer regina has been seen shopping and buying those knock-offs. can you believe it? >> no. >> are you going to stick around? >> yes. because the letter "q" is my kind of company. >>> "squawk on the street" is back in a minute. >>> welcome back to "squawk on the street." march wholesale inventories, up .4%. c

wednesday, same thing from toyota, aol and news corp.. thursday, weekly jobless claims coming out.ed speak from jeff lacquer on that same day. finally, on friday, fed chairman ben bernanke will speak at the annual conference on bank structure taking place in chicago. when we return, much more from warren buffett. all leading up to the 58 a.m. hour. much more from becky and warren live from omaha when we return. l shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> welcome

here with us now cofounder of aol and chairman and ceo of revolution, steve case who thinks the internetthing here. >> keep my eye on it. >> i just keep an eye on it. >> thank you. also with us associate editor of "the washington post" and msnbc political analyst, eugene robinson joins the table. >> gene, great to have you back. so shareholder to hear about the loss of your mom. >> so appreciate that. thank you so much. you guys were great in your expressions of sympathy and had her a long time and it's tough without her. >> it doesn't matter how long your parents have been sick, it's just -- it's always a shock. >> it is but thank you. appreciate it. >> really good to have you back. >>> we were talking last hour, mika, with the immigration bill and certainly going back to the "usa today," apparently today the only newspaper i need to read. >> exactly! only one you've gotten to. >> immigration bill clears a hurdle and it did clear a hurdle. cokie was talking about this as well. i think this immigration bill is going to face some real problems in the house. you had, al, yesterday, bill cr

i started off writing log articles for aol defense and the u.s. naval institute. i've been wrote an article and there was a lot of controversy regarding it. sometimes not brought to me directly. then i wrote the book. and i am very appreciative to the naval war college for the academic freedom that they very much support that allows me to write the book, talk about the book, and to believe what is my own opinion. this is something, of all the military -- professional military education to war colleges, there is a marine war college, a national defense university, of those, i consider the naval war college ran a faculty member to be the flagship academic institution. because of its strong defense of academic freedom and its increasing willingness to go out and find those who are willing to kind of be in house. i am very careful on occasions like this. but being able to do this is something that is not always the case with all of the other institutions. so i took advantage of my position as a faculty member to write this book. one of the things that i talked about e

look at the companies that are trading in and lagging on valuations like iac and aol and sony and vivendit could be a break above the assets and vivendi has six different assets inside that are all different, telecom and media don't necessarily belong together and that is the viacom, cbs split, news corp. split and liberty split all trying to find different valuation truances. >> you sound like you're trying to start to get an activist campaign going in vivendi. i haven't heard a name although there has been activity in the past. the french are difficult and so are the japanese. it's not easy as looking at the math and the sum of the parts saying things will correct themselves based on an activist. an activist was trying to get into japanese companies in the past and france and it's know as easy with u.s. companies so we'll see how this all panned up out. ? i remember you back then and the adelphia days where you helped to unearth was fraud there. what are you seeing in terms of balance sheets? we talk so often about cheap money. i know that motivates john malone who i sat and talked with

. >> aol down, zillo is down. the group is consolidating and it's run too much.> here's an example of an internet company that hasn't run and there's a rotation out of webs that haven't done and out it it went into ones that haven't done. >> sterling coverage of travelers. >> now they say outperform? this has been one of the monster stocks in the dow. it goes higher. >> more valuation questions on yahoo. >> i think that -- is this marisa meyer? has she done anything wrong yet? i don't think so. microsoft, you got too good a deal and i don't think she'll find a way to make that deal better. >> icahn's herbalife stake. icahn, when is the guy going to quit? maybe here. >> you've still got some room to go. eog. this just took out its all-team high here. rbc says that -- that mark papa is underpromising. they have an oil revolution. they have found prudhoe bay in the eagleford and they have a new one in the delaware basin that no one is talking about. >> jim, we might have new mom and pops watching today because they're beginning to hear the market is setting record l

he's vox media's ceo, also the former chief programmer for aol.the three sites so everybody knows what we're talking about here. talking about the verge. >> verge and consumer technology and culture. sb nation, which is sports and under sb nation, there are 300 different sites, one for every sports team and topic and games. and each one of those is the fastest growing in the respective categories. >> and you're about to be in the black this year. >> yeah, this year for the full year will be profitable, which is great. we have some mature category or growing category still but have hit profitability like sports and games and investing in advertising. >> let's talk about the model and why you've been able to make this work. >> well, it's a combination of a few things. first of all, we're a technology driven media company. we invested in a platform that really enables us to scale premium quality digital media at scale. then we get great talent and people who grew up doing this online. and we combine it all in a culture that makes sense with beautiful

towards investing in things that are perhaps not worth as much as you thing they would be, like perhaps aol or something like that. >> it's a very simple concept. called good money chasing after bad. we have seen it repeatedly in the last few years. the reason the bubble in mortgage-backed securities existed to begin with was because wealthin vestors, hedge funds, wall street, had so much money floating around so much money anywhere covers, a lot of it due to tax breaks and bailouts and et cetera, they needed some place to put it. so you have serial bubbles developing around the globe and this has been happening for 30 years you think about the latin mesh beens in the early 80s, this has been going on over and over again, repeatedly. privatize social security, and the funds flowing into wall street as a result i would aggravate the problem. >> one of the things you talk in the your book is there's a complexity to how social security works that the average person is not aware of, and that also complicates the effort to reform it or to make it work in the future. >> right. that is an issue. s

aol has patch.com. 900 communities. they advertise local businesses.l my handy man. >> another one you have is automate your life. what does that mean exactly? >> how much would you pay for an extra hour of sleep? >> the game show. $1. go low. >> a lot. time is money. sleep is money. this is the way i quantify it. imagine if you were to pay your baby-sitter so you could take a nap, right? how much is that? let's say that's an hour. what if you automated almost everything in your life from the food shopping to the banking to other things, but also too what about amazon.com, wag, yoyo, soap.com. all these sites that you automate. toiletries, so they come automatically. consolidate it to a monthly shipment, and it's free shipping. >> put your life on autopilot at that point. >> you will get an extra hour of sleep. >> one more thing, slightly off top ebbing here, but i think important. the emergency fund. i have always heard you should have different months ready to go. >> even more. lots of people depend on you. absolutely. here's the thing. all this mone

that is germane to our discovery, but it was to an aol account. twotions went on between individuals, both of whom were circumventing the federal communications act. thomas perez has yet another non-government account that he uses for government use. in addition to his verizon account, he has an rcn account. would you agree to make all of this available to us since it violates the federal records act and your own rules question a legitimateit is use of congress as we would have it. before your answer, if you would, please, and ap case, you have appointed ronald mentioned u.s. attorney. can he be considered to be independent when in fact this congress hold you in contempt, he was the individual recused on your orders to prosecute the case. if he will obey your orders of not living up to a contempt of congress, can we believe he is in fact independent? >> this are chairman, i would ask for regular order. >> we have a regular order. the gentleman's time is but the attorney general is allowed to continue. >> his time ended 45 seconds ago. >> i did not