you want to pay 80 cents to bet against time warner? one of the most insanely idiot particular things i have ever heard. >> mike, my man, let's do this for less. >> sell the others for less. >> to spend less mike sold the april 48 put for 45 cents and created his put spread but he did something even better. he made money even easier. between the 80 cents and the 45 cents he collected by selling that lower strike put, mike has chopped the total cost of his trade in half to 35 cents. know instead of needing it to pal below 49.20, mime cashes in so long as they fall below 50 cents or below 49.65 by april expiration. >> i love this plan. i'm excited to be a part of it. let's do it. >> keep in mind, there's a tradeoff. by selling that put mike has capped his gains for the difference and the strike and the put that he bought and the striesk the put that he sold, minus the cost of the trade and it's a good thing he did cut his cost because since the time. trade time warner shares have added 15%, making this trade a loser. now khouw and carter

we'll have a look at that in the forecast. >>> could california legalize sports betting? one lawmaker is trying to make that happen. right now federal law prohibits sports betting. nbc bay area stephanie chuang is in san jose. what would this mean locally? >> reporter: this would legalize sports belting in areas that allow gaming, horse racing tracks, card rooms and casinos like this one here in san jose. now today we spoke with senator wright leading the way on this move. and he's pretty optimistic. it stalled last year in the assembly. he is optimistic this could pass this time. this would mean sports betting of all kinds, what's allowed in vegas but keep colleges off limits. you would have to be 21 and older, cash bets only and the state could get 7.5% of the total revenue. wright says californians spend more than $1 billion in sports betting in nevada each year, he says this could bring cash to california. >> in a budget like ours you know, with $70 million we could restore child care to poor women in california. it's not chicken feed. >> reporter: a spokesperson for

, but the same betting done illegally hit up to $380 billion. the major ones, the nba to the nfl. they said legalizing sports betting nationwide would encourage it. >> publicly, they're against it, but they like it, they gain. people hyping it up like the super bowl. >> reporter: he says it is about the bottom line, tired of hearing about service cuts namely to police and says the money is being spent legally and illegally. why not capitalize? >> people are going to do what they want to do. they should wake up and try to get you know -- so our cities can get the money. >> now even if california passes the bill into law, it will only go into effective the federal law changes. in 1992, the federal government made it illegal for sports betting except for the four states that already legalized it. oregon, delaware, montana, and new jersey. they just lost a battle there, but governor chris christie vows to take it to the supreme court. >> stephanie, thank you very much. the taliban announced plans to launch a new offensive in afghanistan starting thi

there are certain statistical probabilities you should and should not bet on. when you go to a casino, does anyone in the audience expect the dealer to give them bad information? for example, where the dealer is actually telling you when you are on 19 that you should take another card? o one would expect, at least when i have been to casinos, -- the dealer is kind of on your side and somewhat friendly and will tell you. you often see people who never gambled before who will take another card of 19 and ruin everyone else's hand. the dealer would like to tell ou this is a bad idea. i think you have what i would call an implicit sense of trust, we do not expect the dealer to misguide you. what sometimes happens on wall street is a client or investor will get told to do something that if they understood the ules of the road very well would know is not in their interest to do. yet a wall street firm will tell them you should do this because they're firm might make 15 million or $20 million off of this. they are not technically doing anything illegal. that person wal

new jersey is leading this fight to legalize sporting betting. it just lost a federal court case in february. governor chris christie vowed to take this to the supreme court if necessary. even if california passes this bill into law, it would have to wait for the decision to be made at the national level, but senator wright is saying california needs to pass this in order to put the state in a very good position to cash in on sports betting. live in san jose, stephanie trong, nbc bay area news. >> stephanie, thanks very much. >>> still ahead at 6:00, why some of the victims of the boston bombings were on the move today. we'll tell you where they were headed. >>> is it fact or fiction? why this uc berkeley grad has an issue with ben affleck's award rining movie "ar go." >>> the warriors players talk about last night's big win over the denver nuggets. plus what stephen curry did not do today. >>> some of the boston marathon bombing victims were transferred today because this was moving day at their hospital. the rebelation moved its patients. ten o

i want to limit my losses, if i'm going to make a bearish bet. what i'm looking to do here is sell the may 19 calls, collect a dollar and buy the may 20s against it for 60 crepts. collecting 40 cents, risking 60. and even if it does rally up to that 20 strike or a little bit higher in the near term, i won't lose the full 60 cents and probably have an opportunity to revisit the trade. >> i think the interesting thing here is, mike says he's bearish, but this trade makes money even if the stock goes sideways, which is really important. as opposed to mike, i actually that i low interest rates are going to last for the foreseeable future. they're going to help this stock. but the interesting fact about this is, i don't want to be in a situation where i'm risking a lot to make a little and mike has got a trade that's almost a coin flip. not always the case when you sell spreads, but this one makes a lot of sense. again, i don't want to risk a lot of money right now to make a little. >> quickly, mike. >> yeah, i hear one quick thing, maybe low interest

can i bet this?ed like two chunks or three chunks of bud of marijuana and puts it on the table. he said, can i bet this? he was thinking i said that's too much marijuana, he couldn't bet that much like that was a table max or something. >> the dealer tries again to alert the gambler of his illegal actions to put an end to the situation before it gets out of hand. >> he was so wasted that he didn't know what was right from wrong. i was trying to be real calm about it, quietly tell him to put it away, not to make a scene. and maybe he could just leave without getting in trouble, you know. >> but when none of his efforts to get through to the player seemed to be working, the dealer calls for backup. >> that gentleman in the black suit is the pit boss. when he shows up to a table, that usually means there's a problem. >> the pit boss quickly realizes that security needs to be called. >> when i arrived at the table, i was kind of shocked like everybody else. so i asked him what was he doing. and once he -

some powerful people are betting it will. and -- >> if you need help, blow. >> what some people are doing to fight crime in san francisco's kasper district. ♪ ♪ >>> from nbc bay area, this is "today in the bay." >> good morning. looking live at a pretty picture of the transamerica building in san francisco. blue sky overhead and some fog and low clouds squished in the distance. what does it all mean? with rob mayeda, i'm kris sanchez. you say warm this afternoon -- >> we're seeing sun in san francisco right now which is changed from 24 hours ago and we had the fog linger for most of the day and now we'll see low clouds break up, but it is a cold start in the morning in santa rosa and nevada and a little thick this morning in the north bay and low elsewhere and sea breeze still the main factor for now, but by the afternoon, northwest winds, and take a look at the futurecast here and as dryer air mixes in which means even the coastline will get more sunshine and our temperatures by lunchtime, 60s, 70s and low 80s. by 3:00 and 4

on its failure and make more on the bet than they made on the fairlight but they designed it is well it's like you would go out and sell a house that's going to burn down in six months and you're holding the insurance policy you the seller is holding the. and you make sure that the insurance policy is worth more than the house absolutely one hedge fund guy made one billion dollars will be with a b. and goldman sachs got caught because they didn't tell the investors that by the way the guy designed it to fail goldman sachs had to pay a five hundred fifty million dollars fine guess how much the hedge fund guy had to pay guess zero zero because he was he didn't have to disclose so he was in cahoots with that with the big bank and goldman sachs paid five hundred million dollars fifty but but the over a billion dollars was made in this deal by the hedge funds so this is just like a cost of doing business they they don't you don't make this kind of money unless you are very very sure you're going to win the bet take high frequency trading. it's done in nanoseconds by the time you press the

there are certain statistical probabilities you should and should not bet on. when you go to a casino, does anyone in the audience expect the dealer to give them bad information? for example, where the dealer is actually telling you when you are on 19 that you should take another card? no one would expect, at least when i have been to casinos, -- the dealer is kind of on your side and somewhat friendly and will tell you. you often see people who never gambled before who will take another card of 19 and ruin everyone else's hand. the dealer would like to tell you this is a bad idea. i think you have what i would call an implicit sense of trust, we do not expect the dealer to misguide you. what sometimes happens on wall street is a client or investor will get told to do something that if they understood the rules of the road very well would know is not in their interest to do. yet a wall street firm will tell them you should do this because their firm might make 15 million or $20 million off of this. they are not technically doing anything illegal. that person wa

but they came up with ways to bet and win the bet let me give you one example the blue one by the way the proprietary trading desk inside of the big banks they're hedge funds too and they invest in hedge funds so there's there's a kind of symbiosis between the hedge funds and the large banks here's an example. you might have heard of the famous abacus trade it was about designing a housing security it was designed by a hedge fund so that it would fail. so that hedge fund could collect an insurance policy on that's a sort of good bet on its failure and make more on the bet than they made of the failure but they designed it is well it's like you would go out and sell a house that's going to burn down in six months and you're holding the insurance policy you the seller is holding then you make sure that the insurance policy is worth more than the house absolutely and one hedge fund guy and made one billion dollars a week with a b. and goldman sachs got caught because he didn't tell the investors that by the way the guy designed it to fail goldman sachs had to pay a five hundred fifty mil

a bill aimed at legalizing sports betting has cleared another hurdle.t just passed in the senate committee. the bill would allow betting on most sports except for college athletics. local universities, including stanford and uc system, asked the senate committee earlier to drop the plan saying ncaa does not allow states with single game betting to host national championships. other opponents say 25% of gamblers and treatment programs are sports betters and this would make the problem worse. but casinos say californians are already betting in nevada and this would just keep the money in state where they say it belongs. >>> next one is a downer for everybody who likes to buy things online. bad news here, marla. tax-free internet shopping could soon come to an end. u.s. senate voting to advance a bill yesterday that would impose state and local taxes on purchases made over the internet. senators holding a final vote sometime next month. for the record this bill now gives power to the state to collect taxes from all online retailers, then those sales tax re

making good on a bet. how san francisco mayor is paying off his super bowl bet. >>> plus, the shock of a lifetime. how about this, a couple coming face to face with an entire pod of killer whales. >> that's no ipod. we are looking over at the san mateo bridge, smooth drive over to the water, clear. we'll show you what's going on for the east bay coming up. >>> what will they say? it is time to pay up. san francisco mayor, ed lee in baltimore today for a little business of the super bowl related kind to be exact. in february, mayor ed lee made a friendly wanler with baltimore mayor that the 49ers would beat the ravens in the super bowl. i'm trying to remember exactly what happened. today, mayor ed lee making good on his bet. he is joining dozens of volunteers and members of the 49ers organization and nfl players organization for a day of community service in baltimore. mayor lee will also crack some blue crabbe and learn how to make a crabbe cake sandwich. that doesn't sound like a bad bet to lose. blue cra

i bet you tell stories. did you tell a story today? >> yeah, i bet you did you went up to our friend and said, did you see that? your friend said, no, no he didn't. right? that's a story. so, i will tell you a story. in india, here we have super heroes like, tell me a hero. >> super man. we have super heroes in india. krishna. lifts mountains and throws them to the ocean to create bridges. i will tell you the story about a super hero. krishna as a little boy in the village where the trees blow and the water flows and the birds fly and the grass grows, in this village there are cows. and people and they go to the river and they go to get their water. and they go to the river and what do they see? an evil demon is polluting the river. callia. and they can't get water because it's killing the cows and the people. so, they go to krishna and say, please, do something about this this is not good. he says, he thinks about it and says, okay. he takes his friends to the river to play. they play ball. they play with the ball and then by accident

. >> plus, making good on a bet. how san francisco's mayor is now having to pay off that super bowl debt. >>> keeping tabs on what the warriors are doing. look at that. all painted in the team colors in there with some great t-shirts of every single one of the seats. marla tallez out there live. we'll have more coming up, 5:27. >>> breaking news out of oakland after a grenade was found on international boulevard. it shut down the street for over an hour. the street is back open now. we'll tell you why coming up. >>> riots breaking out in bangladesh as anger gross over the factory collapse. what police are saying about the building >>> today looks good. tomorrow, we have a major warmup headed our way. the beaches are going to be the place to be. where you could see flight delays and how long the warmup will last >>> while christie smith talks about the update for oakland, city streets, alamo and the alta nont, two areas where you may have issues for freeway drivers. >> we are not just talking about but showing you a l

. >> you bet. absolutely. and always said, that means that thousand dollars average person, now all of a sudden they can't have the night out where they go down to grab a pizza or a movie show. that means that the restaurant owner can't hire more people or maybe even have to lay somebody off. but you know, when i saw the statistic today that i'm sure you saw, 663,000 people left the work force in march. that now puts it 90 million people have left the work force. 9.4 million people have left the work force since mr. obama took over the white house. if you were to adjust that for population i could argue that we have the lowest historic rate of working age people working in america. we can't continue on this path, eric. we have .6% gdp -- >> craig, let me jump in here -- >> we're not going to get -- this thing turned around. >> if you add the people that keep leaving the work force, you're talking about 12, 13, 14% unemployment rate. but here's the question. all those people that leave the work force, they're l

but paying five bucks just to bet against the bank? >> snap out of it! for less. >> i sold one of the may 135 puts. >> so, to cut his cost, dan sold the may 135 strike put for $2 and created his put spread. but he did something even better. he made making money easier and here's how. between the $5 he spent buying that one put and the $2 he selected by selling the other, dan chopped down the total cost of his trade to just $3. and now instead of needing goldman to drop below $140 to make money, or $142 by may expiration. >> you're good. >> but remember that there's a trade-off. and by selling that put, dan has capped his profits to the difference between the strike of the put that he bought and the strike of the put that he sold, minus the cost of the trade. and since dan put on the trade, goldman shares did slip, but they eventually came back, meaning that his trade is now neither a winner nor a loser. now, fans around the world want to know one thing. what will dan do now? before we answer that, you might be wondering if dan is so bearish, why didn't d

>> how do you bet against them? they bet against us. how do you bet against them?>> how do we bet against them? how do we change to put them more in our favor? >> [inaudible] >> sounds like a good idea. what else? >> design a system that can make them feel -- [inaudible] [laughter] >> invest more wisely. [inaudible] >> what all goes into a hedge fund? >> they can do whatever they want to be. taken by companies. they can buy bonds. they can buy bets upon bets. >> [inaudible] >> if you buy a piece of real estate. i'm just thinking -- [inaudible] >> let me just make this one point. i don't think there's any way we can outplay them at their own game. i think it becomes eclectic. it's political. it's the rules of the game allow allowed them to get going. in other words, when you regulate they can't play this game. when you deregulate they can play this game. so it's a question of whether you want more regulation and how to get them. yes? >> [inaudible] >> it's just like all things that have fallen by the wayside. unions and people sitting together have fallen by the way

you're betting on them not doing something silly. bet on gold and gld. and whatever you do avoid the jr. mine ours. >> in terms of copper, didn't get any love today. what is your take here. if you look at tin and alum numb and zinc, they have all been moving from the upper left to the lower rilg on the chards. that's a phd in economics and that doesn't bode well for the economy. copper is telling us a story about slowing global economic growth. >> upper left to lower right equals down. >> for the dyslexic viewers among us, thanks. >> do you agree? gold over gdx? >> and the stocks don't lie. if you go back to the gdx when the s&p was significantly lower than what it is now and when the price of gold was probably 400 to $500 lower, gesds what? gold razz hallied probably the same amount. so again, specifically you can get into minors here and there. the better play has always been gold. >> coming up next, why big blue slide may be your gain. her case for ibm and other compelling names in the space. and fashion trail blazer or victim? two traders take on mic

. >> i bet. i wonder what it's like being a neighbor seeing a helicopter hovering.hat are my neighbors up to? >> they are up to this because mom recorded it from her point of view, too. >> hi, dad. >> can you imagine being one of those sons? that's your dad being up there in the helicopter. you feel proud. >> they are waving. i'd be like dad, come pick me up. >> send down a rope ladder. >> there he goes. >> daddy! >> if he had daughters, you wouldn't want to date her. you wouldn't know where to look for that guy. >> dad would be from above. >> that's pretty cool. >>> it's known as the toughest foot race on earth. >> watching this video looks hot -- >> it's all across -- >> the sahara desert. >>> and -- >> blow some stuff up. >> we are. >> this explosion doesn't quite go as planned. . >>> of all the places in the world to have a marathon, i would think the absolute worst place, the sahara desert. >> going to be a long day. concentrate on your body for the race. eating at the right time, drinking enough. >> 122 degrees. this is the 28th year they have been doing this

neil: i in tonight's biz blith,a beg bet on microsoft. but first.ne amazon and ebay watching as lawmakers are close s to passing a bill to help states collect sales tax. >> you know it is ironic one area of our economy that is growing great, has you know great innovation, and just really revolutionized things, is one area that government has not touched that is the internet, specifically internet retailing, now they want to get their happeneds into that. it is horrible. the customer is going to get hurt, and damage the small internet retailers, onc once ag, once government starting meddling is goes kaput. neil: you know they all have a advantage that we don't have that our customers may this tax. they don't. and it is an unfair playing field? >> you know here is the bottom line, if a motivated buyer goes on-line to buy something to get a surprise tax, when they press pay. they -- that may cause them to not baez. thebuy, they have heard earned money, they budgeted. the bottom line is this could seriously hurt the economy but also cause people to seco

and a freed, we like pandora, because we tell people that, you know, don't bet on the horse race, betare going to be in the paddo paddock, all right. >> what are you saying, bet on all of them. let me be clear, there's a lot of them, right? there's itunes. you've got amazon and google storing music and selling them. you've got spotify, others like mog and last f.m. they can't all survive. >> no, they can all survive. that's always been our point. all right? we're talking about, you know, revenue today is less than $1 billion, all right? revenue, we're telling everybody, for the last year, is going to be about $8 billion. so there are going to be winners. and, you know, if you have a portfolio of winners, you know, an apple, a pandora, you know, what you're going to make on that, you know, over the long-term, because we're telling people to invest in horses. we're not telling people to make a bet on the trifecta. >> we have to leave it there, rich, but it's a very interesting and controversial discussion, thank you. let's take a look at what is happening with the markets. because we're

that's my bet. right now, keith made a fantastic call on friday. >>> coming up on "the half," today's big fed surprise and early release of the march minutes, but did trade on that information happen sooner than others? steve liesman will give us the scoop on that. >>> and how can one new jersey town shave miliseconds off your trade. >>> we are standing in a field here in edison, new jersey. why are we standing here? i'll tell you when we come back, but a hint, it has something to do with the speed of light and high-frequency trades. we'll have that story when we come back. before algae became a revolutionary fuel source... before students were flocking to bioengineering courses... before the birthplace of california became the cradle of 750 clean-tech companies... some researchers, entrepreneurs, and bankers shared a vision that helped foster an industry. that's the power of connecting minds and technology to fuel a nation's future. that's bank of america. >>> welcome back to "the halftime report."

we have this nickel bet with each other. for the end of 2012, the s&p 500 wind. 1425. you were almost right of the money. sf 1426. i was when more optimistic a 15. >> a good guess. liz: you want. i was down $0.5. torre of. where do you say qe2. >> unchanged parent. looking at 1552. i still like this market, but it has run the boat -- run up a little too fast. i think the economy slows down a little bit in the second quarter which makes people a little bit nervous. so we kind of trend water for while. liz: because you took my nickel last time i had to bar this. at the bar of this one. >> i brought one myself. liz: 1566 his mind. i'm a little more optimistic. no as you pick your names and before we put them up, okay, everybody. market. how did you pick the best names? we put up this list for our viewers. i love your first one because it is not the usual tech evaluation management, make sure there are strong. this first guidance issue is really interesting to me. let's put up the list and talk about how you pick a name. >> i think first of all, you want to be a good

oh, i bet a nickel on -- i'm going to bet a nickel on colbert bush. >> i'm going to say mark sanford's> i'm with you. sanford's going to win. thank you. i'm almost always right. thank you, eugene robinson, rick tyler. >>> one in five republicans think obama's the antichrist. that's in revelations. this is "hardball," the place for politics. commitment to the gulf. and every day since, we've worked hard to keep it. today, the beaches and gulf are open for everyone to enjoy. we've shared what we've learned, so we can all produce energy more safely. bp's also committed to america. we support nearly two-hundred-fifty thousand jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. with simple, real ingredients, like roasted peanuts, creamy peanut butter, and a rich dark-chocolate flavor, plus 10 grams of protein, so it's energy straight from nature to you. nature valley protein bars. eye. >>> it's official, the enormously successful jay leno will be stepping down from the tonight show next year. he'll be r

oh, i bet a nickel on -- i'm going to bet a nickel on colbert bush. >> i'm going to say mark sanford'soing to win. >> i'm with you. sanford's going to win. thank you. i'm almost always right. thank you, eugene robinson, rick tyler. >>> one in five republicans think obama's the antichrist. that's in revelations. this is "hardball," the place for politics. to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body

oh, i bet a nickel on -- i'm going to bet a nickel on colbert bush. >> i'm going to say mark sanford'soing to win. >> i'm with you. sanford's going to win. thank you. i'm almost always right. thank you, eugene robinrobinsonk tyler. >>> one in five republicans think obama's the antichrist. that's in revelations. this is "hardball," the place for politics. give you nutrit, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. did you know that if you wear a partial, you are almost twice as likely to lose the supporting teeth? even subtle movement of your partial can put stress on supporting teeth. this could lead to further tooth loss. try new poligrip® seal and protect denture adhesive. it stabilizes your partial to help reduce movement against gums and supporting teeth. care for your partial. help protect your natural teeth with new poligrip® for partials. also try polident® clean and protect denture cleanser to kill 99.9% of odor causing bacteria. this has been medifacts for polygrip® for partials. to kill 99.9% of odor causing bacteria. cheryl burke is ch

it's been a bad, bad bet for ackman in j.c. penney. how overall is hess doing with his fund pershing square. >> surprisingly the fund is actually doing pretty well, much more than 6% and hold about 12.4 billion in assets under management if you look at their top holdings, canadian pacific railway and png are two big winners. looking through the relatively small portfolio, because he's an activist investor, most stocks are up. we soo action weakness with mattson, but the big losers, of course, is j.c. penney, with the huge negative reaction to the ousting of ron johnson. so, you know, ackman, it's still performing well, and it remains unclear how it will affect his current quarter. her alive, it will be interesting to see how the kpmg situation plays out. i would say it's probably a net neutral for the company. and investors are reacting as such. >> nothing to do with either ackman or icahn. it's apparently a rogue employ decree of kpmg. >> exactly. my only curiosity if the new auditor takes a fresh look, will it get a rubber stamp or r

so the bet would have obviously been to the upside because people would have bet that it would have been not lower. >> steve, what about the fundamentals of these companies in terp ms of whether to buy th or not? >> humana, that's why you see the action in the stock. you know what, there's going to be a premium taxed on a lot of these companies. before you get in at these levels, i would let them sit for a couple of days. let it breathe and see where they really fall. i would assume that most of this is already in the name. a lot of these have popped so aggressively that it's possibly downside versus upside from here. >> do you agree with that, steve weiss? you like a lot of these names, don't you? >> i do. and another analyst to steve's point did come out and say they are going to revise the numbers up. that's exactly what happened. i think health care's sweet spot. i think the hospitals better because the government is biggestbig est customer and that's going to be no bad debt. >> off the radar screen is wellpoint because they've lad a lot of problems with prior management. they have a

find the ones with the payoff, bet sure, big, cut your losses if you're having a bad run. think about it, every one of these lessons could be applied to the stock market. you can take a huge swing when you know when you're doing. don't just gamble for the stocks for the excitement identity. most important, be disciplined. after five years of professional journalism, i decided to hang it up and go back to law school. the good news? i saved enough to pay for my first year all through the stock market. and by the way, let's be clear, an index fund would have made me nothing, nothing at all. here is the bottom line. if you want to go and get started, go small. invest in what you know. research it intensely. back then, i got old data from the public library. now it's as simple as a key stroke and the information is free, ubiquitous. including up to the minute analysts, conference calls that i tell you are musts if you're going to know what you are doing. simple? no. lucrative? you bet it is. kiann in new york. >> hi, jim bow. >> yo. >> caller: general question for you the. what

bets. gwen: but you also bet on duke. >> i wouldn't assume that it's going to happen. but i do think the body language, the response that you've gotten from republicans from john bane tore paul ryan suggest that at least it's made an impression on them. it might work. gwen: thanks, john. there was real movement on gun policy if only around the edges. emotion dubbed with compromise and the senate is now willing to debating limits on who gets to buy firearms. 68 senators voted to begin debate. how big a deal? 6 didn't sound that much. >> it didn't. but 68 decided to talk. weekslong ill be a conversation. 21 senators of both parties who have an a-plus or an a qualified rating for the national rifle association also voted to continue debate. gwen: but that vote happens because they were under pressure or because they dealt now -- seen the light and they're going to then support this when it actually comes to a real vote? >> they saw the light. but they saw the polling which shows 9-10 shows an

there are certain statistical probabilities you should and should not bet on. when you go to a casino, does anyone in the audience expect the dealer to give them bad information? for example, where the dealer is actually telling you when you are on 19 that you should take another card? o one would expect, at least when i have been to casinos, -- the dealer is kind of on your side and somewhat friendly and will tell you. you often see people who never gambled before who will take another card of 19 and ruin everyone else's hand. the dealer would like to tell ou this is a bad idea. i think you have what i would call an implicit sense of trust, we do not expect the dealer to misguide you. what sometimes happens on wall street is a client or investor will get told to do something that if they understood the ules of the road very well would know is not in their interest to do. yet a wall street firm will tell them you should do this because they're firm might make 15 million or $20 million off of this. they are not technically doing anything illegal. that person wal

there are certain statistical probabilities you should and should not bet on. when you go to a casino, does anyone in the audience expect the dealer to give them bad information? for example, where the dealer is actually telling you when you are on 19 that you should take nother card? no one would expect, at least when i have been to casinos, -- the dealer is kind of on your side and somewhat friendly and will tell you. you often see people who never gambled before who will take another card of 19 and ruin everyone else's hand. the dealer would like to tell ou this is a bad idea. i think you have what i would call an implicit sense of trust, we do not expect the dealer to miss guide you. what sometimes happens on wall street is a client or investor will get told to do something that if they understood the rules of the road very well would know is not in their interest to do. yet a wall street firm will tell them you should do this because they're firm might make 15 million or $20 million off of this. they are not technically doing anything illegal. that person

if you're going to make the implied bet on gold, bet on gold.ill come a time, some point in the future when the miners will outperform gold itself that it has not -- or they have not for the past five years. and if you missed the change, if you missed the move that the miners outperformed gold sometime in the future, if you miss it by six months to a year, you'll still be early. so you don't want to own the miners and you really, really, really don't want to own the juniors. >> yeah, dennis, some of the things we've been saying for a while. sought miners -- the gold markets rallied. since barrick bought back their hedges, the gold market rallied some $400 or $500. the s&p's rallied probably 300 or so s&p points. these miners are lower. now they're at a price point, inflection point, the where somebody might pull the trigger in hedge. what does that mean if a miner comes out and says we're starting hedging up again, what does that mean to the stocks? what does that mean to the gold market? >> actually, i'm one of the few people who thinks that if

and category killer, amazon, the show-me story, investors bet that jeff will deliver on a high multiple. our options experts will take us through this one in a "fast money" street fight. a record setting day in today's section. let's trade all the action. let's get straight to our top trades for the day. >> hi. >> netflix, we talked about it a week and a half ago, said trade down at 160. and here we are today, 173. in the post market, i have it higher. so technically it's done everything right. netflix, i think, still working. >> it was almost snubbing his nose at the sec in terms of the disclosures on social media, he disclosed that four billion hours of video were streamed in the past few months alone. did you see any action prior to this? did i not, but kudos to reed and the team at netflix. it's a great alternative to people who want to pull the plug on cable. they can stick with those programs, but they can jump off some of the higher priced offerings for, what, nine a month, you can be on netflix and you get a lot more choice. >> this may be proof this original content strategy wh

but we think risk reward it's a much safer bet. a lot has changed in the world since walter energy was a potential take overtarget. it's our view that the super cycle is fading. over the last five years from 2008 through 2012, china amerges as the largest importer of sea borner th thermal cole in the w. >> you're negative across the board? you're negative across the board? we still have an epa battle. they have made it impossible for new plants to come online as well as old plants to meet up to regulation. you're negative on coal across the board. even at the levels where they're at? there is sea born thermal coal. we think some of the . we think it is a real survivor. >> we're going to leave it there. it's a hybrid company that has met coal in australia and in the u.s. >> we think that the commodity super cycle is fading. we think that the market for certain types of shipping vessels is turning now. for example, chemical tankers and product tankers, we think those. >> we have got breaking news on yahoo! >> thank you very much. the

we are looking at a lot of money managers taking more bullish bets across the board.ntum is certainly gaining traction. we're looking at the bullish commodity bets. and the same is true when it comes to oil. we have seen big gains there as well and speculators taking long positions and that has increased just last week. that was the biggest gain we had seen there in about three month's time. take a look at where we are. a lot of it is bullish folks wanting to see higher oil prices and betting that we would see it. the only good news is that prices are coming down a little at the pump. >> that is good news. while oil goes up, corn is collapsing. corn futures down to nine month lows today. if 97 million acres sounds like a lot, it is. that's how many acres farmers plan to plant this year and that, my friends, is a record. here is why you care. corn is in pretty much, well, everything. cats catsup, soda, frozen pizza, hot dog buns, dry wall, varnish, adhesive, diapers. yes, diapers. not sure if that's before or after they are produced. all right, virginia, we know that t

owner of the british book retail chain waterstone's he explained to us why internet is his biggest bet. in russian into the universe we have two giants like it's young dixon and male and there's nobody else to look at for investors and for advertisers we'd like to to make a third company brush languages i've mentioned already is the third largest. language in the world's internet and russian internet market by audience is the largest and you are so why should we try to build the third company in russian internet iow so interested in internet are you betting on its business potential this is this is my biggest bet at the moment what can you but i will excited you know i believe in it and we have a party and it is we have companies we have experienced we with down investments i think it's normal to reach the peak because. the company is in these markets very strong very powerful very innovative and using the world changing let's see everything for a year with a new device with the new technology of broadcasting of telecommunications of internet and gins of new form and of media consumpti

. >> i bet you guys never thought you would see a raccoon doing this. >> no way. >> that's going to zap him. be careful. >> it is not zapping him at all.

and i hope i lose bet. >> wait a second, 4% in the fourth quarter is what you're lacking for? >> any quarter this year? >> that seems so crazy, given the slow growth that we have. >> i agree. >> give me one reasons why that happens. >> it won't. >> what's the catalyst? >> i think the catalyst is lower energy cost, higher profits, and i really think you get an economy that's ready to be unleashed on this spending that's been held back for four years. so i think it could happen. >> we'll put white castle on speed dial. there are going to be a lot of sliders moving around here at some point. thank you all for joining us today. we'll see you later. >> let's get a check now on exactly where we have to close to set new highs the for the s&p 500. we're in uncharted territory for the dow industrials, as you know. josh lipton, breaking it all down for us. josh, the dow is almost for sure. what about the s&p? >> hey, there, maria. in the green, as we head toward the close here. let's review some of the highlights. we'll start with the blue chips. the dow hit a new intraday record high.