some people betting here may be fools making bad bets, but the crowd of people probably won't.ow "who wants to be a millionaire." >> can i ask the audience? >> you want to ask the audience? >> contestants can ask the audience, or an expert. >> the experts do pretty well. they get the answer right 65% of the time. but the audience gets it right 91% of the time. >> yes! $50,000! >> political prediction markets have a long history. 100 years ago, they were popular. >> they weren't really legal for the most part, but they reported. newspapers reported on them because it's what they had to report on them. these were bookies, i guess. >> yes. >> in fact, there was more money trading back and forth in the election markets, and the stock markets around 1900, so this was a big deal. >> and the predictions were pretty accurate. >> of course. >> they correctly predicted fdr's lix. and melection. and mckinley's. and many more. but sadly, our government often bans gambling. here officials take an axe to casino equipment. >> turns out that all of our familiar financial institutions were once

it set off a flurry o bullish bets. the latest. >> reporter: options volumes were three times average daily volumes and one bullish trade that caught my eye in particular when the stock was 42.5, a trade rolled up and out a bullish -- previous bullish bet in may expir and selling the 142 calls and buying 1,000 of the may 45 calls for $2.86. they break even at 48.86 and up from the trading levels on pray expiration and what's really interesting about this trade to me, it's not a huge size. the premiums are very elevated. we'll goat that, but look at how the stock opened this morning. it actually opened down on the day just a few% from the 52-week and four-year highs and quickly went up and stayed up all day long. one of the reasons there is an expected $3.5 billion break-up fee if this deal doesn't happen. that's close to 20% of the stock's current market capitalization. there's kind of an embedded put in there if you think about it that way. here's the one-year chart and look at the downtrend. very systematic here. thes

i would rather make that bet than a directional bet. >> what's the number one thing you'll listen forthe conference webcast? >> if you look back over the last five years, and we've talked about it on the desk, massive moves in the after market because of pricing changes, how has it affected subscribers here in a very saturated market that has a lot of competition going on and obviously international ads is going to be really important. listen, you know, i get it. it's got 12% short interest here. it's squeeze, a cult stock, but i don't think you probably buy it after the stock has just rallied about $8, $9 into the print on monday. i suspect you see some sort of consolidation at mid-point of this 2016 range. >> up next, something curious happened in japan this week, and it has one of our traders scratching his head. we'll tell you what it is, and if you have a question for one of our traders, send us a tweet. we'll answer it later on in the show. much more "options action" right after this. i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are

is the electronic exchange a smart bet for your portfolio? we'll debate it and going global. >> delaware. >> from brazil to britain, the new -- ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ >> two bullish calls today. halftime report we're joined now by raymond james. he joins us live from st. petersburg, florida. welcome to the program. >> thanks, simon. >> so why the call. why are you so optimistic here. >> well, we're being opportunistic and taking advantage of the opportunity seagate made. there's an creasing level of enterprise workloads that are going into the cloud where there is a significant deployment of solid state drives that is occurring. so more deployments into the cloud is a good thing for memory layers that produce nan chips or in micron's case the upcoming 3d and we think the risk reward is quite impressive at this level. >> that will surprise a lot of people because for a long time this stock destroyed a lot of value for people and the dynamics are not new. the moving

betting the pain is far from over. mike? 1/2 times the average put volume in valeant today. all of that unusual activity was one single trade. somebody bought 40,000 of the 30 1/2 -- 27 1/2 put spread that expire on may 6th. that's three weeks from tomorrow. that was actually an adjustment of a previous bearish bet. looks like they're betting on a decline in the neighborhood of 10% plus in the next three weeks from these already depressed levels. >> what's interesting, this trade has come up and there are reports that bill miller of mason has actually bought valeant shares, betting it's going to be a double year. this is a battleground stock profit. >> down 70% year-to-date. i think at a certain point you've got to say, maybe i take a flier out on it. if you know your risk, i mean, for me, this is not where i'd like to swim. but i definitely can see -- >> why somebody would? >> exactly. someone could say, let me have a defined risk. maybe a risk strategy and get involved in the name. >> that's the best way to do it if you wa

carter made a bearish bet.e a listen. >> hovering at the well defined lows at a defined level and we'll break the lows. >> i'm looking simply at the june 11-12 put spread. this is interesting because with the ewj at 11.35 when i was looking at this, you could buy this put spread for over 50 cents, 77 for the june puts and sell the june 11 for 26 and paying a 511 cents for that spread. >> this is what carter was referring to. the ewj was up 4% this week. mike, what are you doing with this trade? again, you have time on this. >> yeah, we do have a little bit of time. i mean, ewj was up. i mean, it wasn't up huge. this trade is actually still -- that put spread is still slightly in the money. given up half the value of the premium that we spent on this thing. i'm ready to hear what carter has to say. this was a tough week, let's face it, to be short any type of risk asset. there was apparently a lot of bad news built in with financials and the whole market is basically been a buyer are since those news came out so

and we'll prove that out in the next year. >> reporter: a safe bet without any betting? proof, indeed, that what happens in vegas is constantly changing. for "nightly business report," jane wells, las vegas. >>> and from las vegas to seattle. which was one of the first cities to raise its minimum wage. the increase which is heading to $15 an hour went into effect about one year ago. and today, small businessowners are in that city talking to kate rogers about wages and other issues they face. >> reporter: hundreds of entrepreneurs from across the country hit seattle tuesday for cnbc and "ink" magazine's iconic tour to hear from successful entrepreneurs about their own journeys. greg glassman, founder and ceo of wildly popular crossfit gym and training methods told the crowd how he went from a college dropout who didn't fit in at local gyms due to his harsh training style, to creating an empire of 13,000 crossfit gyms around the world. >> in the vernacular internally, this became do the right things for the right people for the right reasons. and everything will turn out

emily: was tumblr the right bet? gary: no, it was the right kind of bet, but not the right bet.ended up being the wrong that, because -- bet, because i thought there was more room to go, and they missed the opportunity to go the way they needed to a year or two earlier. .o no, it was not the right bet emily: our conversation touched on twitter. i asked him if it was fair to say that twitter's user are down -- user growth is down due to jack dorsey. gary: he has not been in place long enough. if we are going to go on this thesis he had a nice run. , the product did not innovate enough. they got to make moves. the product has flaws. i am sitting with you now because of twitter. it put me on the map. i was an early investor from the outgoing cto. it changed my life. it is like my high school crush. emily: what would you like to see happen? that the nfl streaming rights. gary: i love that. it will make everyone understand netflix is not the only over the top network. once people realize what is happening, where facebook and snapchat are dangerous for everyone, because anybody can pl

i would rather make that bet than a direction bet. >> what's the number thing you're going to listen for in the conference webcast? >> if you look back over the past five years ar, how has it affected folks in a saturated market, and then international ads will be really important. listen, i get it, it's got 12% short interest, it's a cult stock. i don't think you probably buy it after the stock has just rallied about 8, $9, i expect consolidation at the midpoint. >> up next, something curious happened in japan this week and has one of our traders scratching his head. if you have a question for one of our traders, send us a tweet, we'll answer it later on in the show. much more "options action" right after this. i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting ear

that costs around 5 pucks. 1.5% to take a bullish bet.ll capture what's going on next week. >> once ibb goes back up to that downward trend line, 5% or 6%, what happens at that point? >> let's pretend. >> pretend the charts work out. when you return to a difficult level, you find difficulty. that's not so much to manage off the lows, they're interested sellers. very much a trade at that point. not so much upsize. >> would you have the trade on? >> i give a lot of credit. it came on "fast money" a couple of weeks ago, when the etf was lower. an he said this is going to turn. what he is targeting here, and what mike is targeting, is the move back to the down trend. that's how i would play it. i wouldn't try to get all geeked up and think it's going the bust through there. it's a bad trend. and the ibb is down 30%. it outperformed the s&p 500. i like your call spread. >> you could see that in caterpillar. that was a long-term downtrend. going into earnings if you decide to play it for a bullish play. you want to do it be a risk-limiting way.

that is the best bet for thunderstorm activity. we could have some denialing wind, maybe a -- damaging wind, maybe a severe storm. breezy today with wind out of the south southwest at 10 to 20. overnight 52 degrees, very mild, again, maybe a shower on the early side. for your saturday getting cooler. a high of 59 tomorrow, and we can't rule out showers again, especially south and east of the city. now fast forward to sunday morning because the temperatures keep dropping and the winds will be cranking by then. these are the numbers you will be waking up to sunday morning. 5 to 20 well north and west of the city. 20 to 25 for the rest of us, and we are also anticipating snow overnight saturday into sunday for basically areas north of the city. so a trace to 2 inches of snow possible as we make our way through the weekend. time for a check on your roadways with kyla grogan. >>> okay. we are starting to heat up on the roads. unfortunately we have in newark an overturned box truck that is blocking the offramp from route 78 eastbound to

they were so surprised the team won they pulled the bet.er that if they had waited it would have been worth 2500 pounds, about $3600. instead all they got was pretty much their original bet back. >> i c ter destroy manchester united on saturday. i can't wait for that. ialmost everything. you know, ke 1 i n 10 houses could get hit by an expensive septic disaster. but for only $7 a month, rid-x helps break down waste. avoid a septic disaster with rid-x. can this much love be cleanedrlin' by a little bit of dawn ultra? oh yeah. one bottle has the grease cleaning power a drop of dawn and grease is gone. >>> it is time for the mix now from a new venue. there's a new dance trend, you know, gone are the buckhead bounce, the dub. >> the nae nae no more. >> and now you have running there man challenge. apparently it starred with these kids from university of maryland. some basketball players who did this new take on the song "my boo." and it's caught on. >> quite a bit. >> players from maryland then responded and everyone there the whole thing kind

we're going to make the bet that it will do this again.high. >> i think the way to do this is to look at the june 57.5, 60 call spread. pay a buck for the 57.5. sell the 60s for 35 cents. >> as you all know by now, microsoft fell more than 7% today. >> if you make a trade and you have a premise, the premise is we're going to break out, and it's going to be earnings related. a gap up the last time. gap up the prior time. got the exact opposite outcome. a gap down. if the reason is gone, the trade is gone. it's over. walk away. it didn't do what it was supposed to do. >> as far as the options trade is concerned, you can't walk away. it walked away from you. it doesn't have any value left. you're basically stuck with a worthless call. the good news is, we only spent a little over 1% of the stock price, and that's the reason you do this in the first place. there we are. >> you're out. okay. dan's turn. also last week you said qualcomm would be the next chip stock to tank. take a listen. >> i think the stock sets up for a good short opportunity

sports betting is unregulated. sports betting is illegal in the united states.ems , illegal. it is not been tested in court. does valve say? josh: valve doesn't say much. they have setup a system that has allowed this to happen. in the past, you have seen other game companies really make it impossible for you to take items within the game and get cash for them. they have made technical barriers. they have made it against terms of services. valve has gone the opposite way. they actually encourage the cash trade with their weapons. carol: they promote it? josh: they do promote it. they say it promotes engagement. they certainly have set up a system where it is possible. of the new world order, in this week's etc. section, there was a new report on how gps may be changing the composition of our brains. >> gps, according to some very suggestive research, fundamentally altering the structure of our brains. because if you think about it, we have been basically shutting them off and allowing gps to tell them where to go, which is often why we end up driving our cars in

ty likes to do one-sided bets where he'll bet if he makes something and if he misses it's nothing. bet garret that if i made a shot from across the backyard he had to pay more my sandwich. >> of course, college guys. got to make a free lunch any way we can. >> i took the bet for some reason. i threw up a shot from behind the back and drained it. >> he made it. swished the shot his very first try. >> they can't believe their eyes. >> so we go grab the little picture camera. >> we'll see if we can get it on film. as soon as we saw it on the camera, that was the game changer. >> we all wanted to top each other. >> crazy shots behind the tree. >> standing up on the roof. it's in the hole! >> we started filming everything. bigger and bigger and bigger. >> the gees edit if footage together. but before they decide the posse needs a name. >> the name came about on accident. we were sitting in the backyard and we decided to put the camera up on the rail. he looked through the camera and saw it was perfectly in frame. and said -- >> dude, perfect. >> it's something guys say a lot. dude, perf

i would be one of the people betting against it. don't know that we can go a lot higher right now with the increased production coming out of iran, and with some of the shale producers cranking it right back on. >> and pete, you are in the exxon calls? >> and conoco phillips call. >> and exxon reporting later? >> and yes, bull today. >> nervous and thin? >> i u am. i feel like it is a little bit of the thin air. with jon's point about $45, some sort of a pullback, because it is a dramatic move. i think that you have to take some off of the table if not all. i might be out of both by the end of today, because my gut is telling me that it might be that time. >> and jimmy? >> well, you have to watch the drilling rig count here in the u.s., because jon mentioned that the shale oil producers are going to be coming back online, and you will see it first in the rit count going up, and a lot of the wells were dug within a few hundred feet of the completion, and left until the prices are up, and now that the prices are up, look for the rigs

. >> microsoft makes a big bet on artificial intelligence after led to a a i bet stream of racist, sexistprofanity tweets. you there new take on ai, part spotify and pandora two. singing a different tune. we will hear from someone later this hour. ♪ >> this week microsoft is , hosting their annual developers conference in san francisco. they are announcing their intention to be a leader in artificial intelligence. was last week, their latest kind of hilarious and embarrassing. there ai tweeted racist and sexist things. >> we want to take that power of human language and apply it to all of the computing interface. to do that you have to infuse , for computing around us intelligence. , that means you have to bring forth these technologies of artificial intelligence and machine learning so that we can teach computers to learn human language, have conversational understanding, teach them about the broad context, people places things. , context about your preferences, your personal knowledge. so that they can really help you with your everyday tasks and everyday life at work and elsewhere. cle

watch the support trend line if we break there, all bets are off.ight now, it's up and away. >> for more on the futures market, head to futurenow.cnbc.com. we'll be back with a live show 1:00 p.m. eastern tomorrow. >> thanks so much. >>> coming up, after more than a year on the sidelines, one analyst getting bullish on elle brands saying it's cheap after this year's drop. you add it to your shopping list? that's the question. here's the s&p sector heat map. back after this. >>> will atake about will will bra there the sto on the month the if sa radio cha:00 the sd to examine sgloo sgloo to go there or bed, bad & beyond for that matter? i don't see the top line growing for this company any faster than population growth overall. that is the low single digits. it's hard to get enthusiastic about this stock. i just don't see the growth. i'll also point out that analyst here upgraded the stock so i find that a diskeblgt. -- disconnect. that hotel stock could rally 30% in 18 months. see what our guys think. as we go to break, take a look at the halftime l

cory: microsoft makes a big bet on artificial intelligence after bet led to a sexist, racist tweets. we'll show you their take on ai. spotify and pandora singing a different tune. ♪ cory: this week, microsoft is hosting their annual developers conference in san francisco. their ceo announcing their intention to be a leader in artificial intelligence. their latest attempt was kind of hilarious. ai tweetingd an program. it ended up tweeting racist and sexist things. >> we want to take that power of human language and apply it to all of the computing interface. to do that you have to infuse ,nto computing all around us intelligence. that means you have to bring forth these technologies of artificial intelligence and machine learning so that we can teach computers to learn human language, have conversational understanding, teach them about the broad context, people places -- people, places, things. context about your preferences, your personal knowledge. so they can really help you with your everyday tasks and everyday life, both at work and elsewhere. does microsoft have a future in ai?

mind you, this is in the core of google away from the bet side of things. is just the nature of the margins going forward be at a lower rate. >> bob, thanks. >> i was going to ask, to you it's growth at a reasonable price. they are a leader but they have some competition now for the first time. rather than buying back stock to offset compensation, why not go out and buy stuff? there are so many people -- >> it's not either or. >> $78 billion in cash and should start deploying it because there is no shortage of large social players trying to go at them. >> i want to ask you this question because we're seeing huge declines on a lot of blue chip names and names people wanted to get in for a long time. may feel like they missed it but on google, on a microsoft, on a starbucks, on a visa, are these buys on these pull backs. >> let's talk about what happened over the last couple weeks. >> sure. >> intel we saw the miss. the stock was down 2.5% in the after hours. ibm was an absolute disaster. look at how ibm traded today. what the market is saying is they are tak

emily: was tumblr really the right bet? guest: it was the wrong bet. it was the right kind of bet.d up being the wrong bet because even at the time they did it, this is probably why even though i was a little disappointed, because i thought there was more room to go, tumblr missed their opportunity to go to mobile the way they needed to. a year or two earlier. and so i would say no. it wasn't the right bet. but it was the right kind of effort. emily: my interview with gary vaynerchuk. the digital media and ecommerce platform hype beast is enjoying the best debut of any asian i.p.o. this year. surging more than 700% in monday trade, the 10-year-old company started off as an online sneaker forum but has grown to include a handful of lifestyle websites and a web store. the platform has attracted more than 46 million page views a month in the 2015 fiscal year. its biggest revenue generating markets are the u.s. and hong kong. and secure works launching its i.p.o. road show this week, testing appetite. secure works is a cybersecurity firm that services enterprise customers. it's seeking

he wants to see some longer-term bets throughout.e doesn't want to be pressured quarter to quarter. emily: mark zuckerberg did speak about this a little more depth on the call. zuckerberg: this will allow us to improve the funding structure the service so well. than $1 million worth of stock in facebook shares over the next three years. that is still my commitment. will update the shareholders on future plans beyond that. emily: i spoke to the cfo who says that a large part of facebook success is due to mark's leadership. this will allow us to maintain the structure that has served the shareholders well. what you think of this? josh: it is been an extraordinary success. i applaud their work on these moonshot big bet projects. i think the jewel class is a tricky issue. if sometimes can be a bad thing. classt sure the dual structure is a good thing. but he has earned the right to continue to steer the ship. back at the history of different companies, sometimes there is a change of strategy and somebody is locked in the doesn't have con

is not an unsaved bet given their unfavorability numbers now. from following kasich in ohio when i tracked his one successful lek night, it seems like the fact he's being in t th race isn't stressing him out that much. his demeanor and mood strikes me as the demeanor different from jeb bush. kasich knonows he's a long shot. he knows nobody is betting hard he will win and he's having fun and seeing what happens and trying not to sweat meat. things could with worse for him. >> he literally has nothing to lose. he's in his second term as governor of ohio. he's not running a campaign that's super expensive. he can hang around. i guess the bet is by the time july in cleveland comes, cruz and trump have alienated such massive parts of the party that the convention decides the give it to the third place gu >> exactly. maybe that's kind of a safe bet to me. it's been a crazy enough election cycle. he can position himself as the voice of sanity. some of the hand outs on the stump look like church tracts >> it's also interesting to me because he's positio

why one raider is betting on huge base.aders use twitter, what are they doing to get the social media edge? . >> oh, yeah, baby. >> yeah, danny. >> >>> much more "fast money" is straight ahead. "super food?" is that a real thing? it's a great school, but is it the right one for her? is this really any better than the one you got last year? if we consolidate suppliers, what's the savings there? so should we go with the 467 horsepower? ...or is a 423 enough? good question. you ask a lot of good questions... i think we should move you into our new fund. sure... ok. but are you asking enough about how your wealth is managed? wealth management at charles schwab. glee we have breaking news on pauly group. >> >> this is the ongoing ballots. moments ago, a member of the board, james grassvel has resigned effective immediately. in a letter he says since the board meeting, i have been excluded from a number of quench board meetings, and therefore seen no youthful purpose of remains on the board. >> shares of pulte have been flat, and

oversh bets rising to 11,000 contracts, 70% uptick in bets against oil prices. uptick in bets.u to remember that there are two kooky stocks to key stocks on --two to keep an eye on. in talks to be discussing. for the third time of trying. to see if they would sell that telecom unit to orange. uygues. the concerns were right. over the weekend from it was a make or break and it was break. they could not get a deal. seems like the negotiations have ended. anna: thank you very much, caroline hyde. manus: let us talk about deloitte. 75% of the cfos support britain staying in the eu. deloitte chief economist is here. ian, good to have you here on set with us this morning. 75%, increasing levels of support that you surveyed for staying in the eu. ian: these are very large businesses. overwhelmingly -- ftse 350 companies. we are interested in not just the views of the sector. this is the top end of the u.k. sector. anna: with export businesses. panel --verage, our ftse 100. in excess of half of their revenue comes from outside of the u.k. manus: 75% are in favor of remaining, up from 6

from here on in, what is the best way of making money i betting against the pound?w can investors make money ahead of the referendum or is all the money already made? >> stay away from euro sterling because the euro will suffer in addition to the pound. we will get a domino impact on the spreads around the eurozone. , cable ishe best way ok. that is where the market would go. the majority of the weather the -- the majority of the liquidity will be there. good one.ould be a the yen benefits from risk aversion some risk all caps in areas. the yen and the swiss will be bought as safe haven tight currencies. shortly sterling against the swiss and yen. my bet for most sterling if you believe in brexit. mark: thank you. betty: let's turn back to u.s. stocks. stocks are higher but all of their highs of the session. consumer discretionary health care stocks turning lower in the red. more wherelittle has checks are not doing well. well.hs are not doing >> the worst rack is the health care sector, especially biotech. downgradedn stanley its rating to an underweight from an eq

something like 200 million barrels worth of bets. and saudi arabia freeze,his idea of a those traders got a little worried and thought that if these guys are committed to something, maybe we should get out. the amount of short bets are less than half of what they were. country like russia or saudi arabia, we are making 10 billion barrels a day, every dollar increase is annexed to $10 million a day. months, leading up to those talks, that added up to something like $3.7 billion for russia, $3.3 billion for saudi arabia. we had kuwait, the strike there, definitely in the mix. >> absolutely. you are totally right. in fact, there were a lot of people who were wondering whether the talks were affecting supply and demand. they were talking about freezing from levels that were the highest they had ever done. could boosture they production from those levels, and then you had five line allges in nigeria and iraq, these things which took supply off the market and help to balance fundamentals during that time, also helping to boost prices. in t

>> i can't bet against villanova now. thought kansas was the team they were going to run into and i can't bet against them now. maybe taking carolina out of their game and going to win the national championship. >> going to have another parade in philly. thanks for joining us on "action news" sports sunday. and i'm jamie apody and thanks for watching. and i have to jump on the bandwagon, too. go wildcats! ♪ find fantasy shows. when it comes to the things you love, you want more. love romance? get lost in every embrace. into sports? follow every pitch, every play and every win. change the way you experience tv with x1 from xfinity. >> i'm karen rogers. >> and i'm alicia vitarelli. tonight/saturday it's a special fyi philly. >> a celebration of pifa, the be transformed into a cultural mecca. >> there really is absolutely something for everyone >> with shows from around the world, most of them free! >> and for those with a fee, a chance to win tickets! >> hello! i'm a bug. >> hi everyone and welcome to fyi philly. >> we are

amazon ceo jeff bezos is betting on the new kindle to be the next moneymaker for the tech company, and here's what we know about the e-reader ahead of the announcement at 9:00 a.m. eastern. in fact, landon dowdy is going to tell us what we know about the new kindle. >> hey, morning. in fact, jeff bezos teased the new kindle for this week, but alibaba's site leaked images. here's what we learned before the spoiler was quickly taken down. this is the new kindle. the price tag, $290, which is nearly double the price of the kindle paperwhite.

, that will connect you with wilmington, you can go straight on down further south, that's the best bet until you know until we get the words that all of the lanes are open on the delaware memorial bridge. something goes wrong, they run

your best bet, take front street or jump on 95 if you want to look for a highway. >>> we stay with the breaking news in south philly that jessica just mentioned along columbus boulevard. nbc 10's deanna durante is on the scene of that one-car crash that left two people dead. deanna, what can you tell us? >> we can tell you two people are still in the hospital at this hour. take a look behind me. investigators taking a better look at the car there that has come to rest in front of a peco boulevard near oregon and columbus boulevard. this all happened around 2:30 this morning. the car came flying past them, witnesses tell us, as they were heading south on columbus boulevard. take a look at video one witness snapped from his dashcam. the car comes across the lanes of traffic and hits the building. ple police tell us they are investigating this as a crash

and the better bet, use route 17k. and then head to huntington where we have a water main break with at least one lane blocked on jericho turnpike westbound at deer park road. no major delays because of this one. a look outside, traffic is getting heavy on to the bridge. parking rules are in effect city-wide. >> thank you. >>> mets and yankees both in action today. >> and a first-ever event of its kind at the barclay center. >> reporter: just one local in action tonight as the mets visit philly. last night, stanley cup play- off hockey made its debut in brooklyn. and the islanders took them to overtime. the islanders lead the best-of- seven series 2-1. >>> the mets' bats are starting to warm up. for the third straight game, they have put up at least five runs. and with the way he was pitching, one run would have been enough. he had nine ks as the mets down the indians 6-0. >>> and alex rodriguez was dropped from the third spot in the line-up to the sixth and it paid immediate dividends. he sends the first pitch he saw

dollar and we are betting against the chinese currency. are right about the banking crisis and right about the fact they are going to do everything it take to fix themselves which they will. they will recap their banks and reform everything they can do on the spending side, they will do everything they have to do, you and i would do if you parachute in a run to the chinese financial situation. their currency will have a massive devaluation. maria: does that impact the japanese yen and the euro? kyle bass: the dollar is a small component of that. you are going to see -- we are going to see an asian credit problem analogous to that of '97-'98. gary: you have a went public with this trade self chinese officials said they shall going to support the currency and you are going to lose money. did you hear from members of the chinese government? kyle bass: i didn't. but look at the i.m.f. out of the last 210 recessions they called exactly. it's not their job. their job ising to bullish. it's to provide support and confidence. you just can't believ

i'll bet this guy will hug us.ways hold each alw other.other. >> erin was at three but they tt lose point for the guy that just ran away. >> bolted out shot.hot >> he was on the phone.e was onp >> they are hugging each other.. >> there you go.>> >> keep your >> all right. >> oh, man. >> four minutes past the hour. r here's some of the top storiesoo that you are engaging withre en socially on real time news te n tracker this morning. mni marcus vick the former virginiai tech quarterback who played onee game in the nfl arrested overteo the weekend down in newportewpo news, virginia he face at lot of charges including assaulting aan law enforcement officer. o that's all we know right nowe about the arrest.kn more information foabrou you asn as we can. >>> closer to home fox5 has beeb all over this big trending trein story. three people stabbed after ale t fight in martini's restaurantesr and lounge in prince george's ig county. this happened overnight aboutovt 2:00 o'clock this morning. morng just as that restaurant w

. >> i think that was the bet people are making today. very quickly, but you know, those businesses can be dormant for a while as well. i think people are betting that they won't be going forward. >> the other thing, karen, most importantly to the whole conversation is that the dollar remains weaker. so the biggest headwind for all for earnings, whether it's tech or otherwise, remains weaker, and that's helping everything out. >> right. and gas, one of the things, do you think the fed is kind of on hold? is the market trading like everybody else is throwing money? so we can't start to tighten. but to the goldman sachs point, goldman sachs, what a premier franchise that is. this quarter is bad. it's one quarter, they're spring loaded, they can cut costs which we saw them do. you get a few good deals and things could turn around. i think that's very attractive here. >> we'll get into intel and their earnings and the stock fall throughout the remainder of the hour. it's another stock that people are going to focus on in the trade tomorrow mo