100 open bets on trump. you can bet on like pretty much anything you want. our politics trader literally can't handle the volume, so we're hiring a trump betting expert at the moment. >> woodruff: all that and more on tonight's pbs newshour. >> major funding for the pbs newshour has been provided by: >> it's hard not to feel pride as a citizen of this country when we're in a place like this. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> supported by the rockefeller foundation. promoting the well-being of humanity around the world by building resilience and inclusive economies. more at rockefellerfoundation.org >> carnegie corporation of new york. supporting innovations in education, democratic engagement, and the advancement of international peace and security. at carnegie.org. >> and with the ongoing support of these institutions: and individuals. >> this program was made possible by the corporation

to have him leave at an all time high. >> that's a big bet. that's a big call. >> i bottwouldn't be surprised e goes out on a high note. >> herculean, in the next couple weeks. he's walking around april 22 or 23rd. >> i think what you the want to hang your hat on is their expansion possibilities. they talked today very, very in depth about how much they would expand. globely and everywhere else and in food. when you look at the goals they set out long ago, a huge push today about lunch. when you look at all this, i think you have to look at this company and say, they have figured out how to be a little more diverse. they have a growing area and that will be in food. >> do you like the food? >> i don't like the coffee, i don't like the food. but i eat it. >> every discretionary dollar have any starbucks. thank you. >> howard schultz and incoming kevin johnson with cramer on "mad money" tonight cnbc. still ahead, the financials are getting crushed. you're watching "fast money" on cnbc, first in business worldwide. in the meantime, here's what el

. >>> people will bet on march madness this week and a lot of betting will be illegal gambling. americans are expected to bet $10.4 billion. that's a billion dollars more than last year. >> with the march madness thing, everybody is doing it, i don't care what you say. billions of dollars they're spending on it and i'm in the middle so i do what i can so support the effort. >> experts says 295 million of that $10.4 billion will be bet legally. the legal bets is books and nevada casinos and most bets are occurring in office pools. >>> 4:55 is the time right now. protecting lives from deadly fires like the oakland ghost ship fire. the meeting that's happening to try to keep that from happening in live-work place in california. >> the white house confirms that president trump's tax return -- we'll have more on the release of the document and what it said about his income from 12 years ago. >>> good morning, we could see traffic that is moving along pretty well in many areas. golden gate traffic doesn't look that bad heading to the toll plaza. >>> some of that fog is thick, it's goi

that's an inexpensive way to make a bullish bet.oke is really very much a turn around story at this point. they're trying to basically reduce, basically. the high-capital base. they have to operate their business, divest some of the bottling operations. they're selling sugar water, and that's falling out of favor. diapers don't fall out of favor, but sugar water has been, and that's really their challenge, and they are trying to turn things around. they have a new ceo coming in in may. but not on a valuation, not necessarily because if's a staple stock. >> you're not a staply kind of guy. >> to mike's point about being on the wrong side of, you know, history as far as what they sell, i think is a really important one. this is going to be a headwind for years to come, but it's not something that should hit investors like a ton of bricks this. is their fifth decline. it's got a 3.5% dividend yield. but, i see what carter sees, and i see no reason why it shouldn't play catch up. you have a kpart of the xlp. yeah, i mean, if you get tha

bonds, we're betting on a stronger economy here, that's the bet. >> right. >> so we're betting on strengthnd the world, in one way or another. and like i said, the only thing that's on the horizon, different things can happen, hopefully nothing happens political, but different things can happen. you know, in france. but once you get through there, there's nothing else in the year. you kind of have smooth sailing. the german election is just upside to me. >> that was appaloosa management founder and trending on twitter david tepper. we should mention as i said in the united states he's like number five or -- >> number five in new york, eight in the united states. >> we didn't have time for me to toss to jim. i think, jim, listening to that i was going to ask him did you disagree with anything, and i would say that the amount of agreement was much greater than the amount of disagreement. >> jim was tweeting through some of it. >> yeah. anyway, futures have turned around, but maybe that's on adp. that was a really strong number from adp. almost 300,000. >> 298 versus -- >> we don't drudge. >>

is tech your best bet and what are some of the names you can still buy right now.'s get in the money. dan. >> it is a tough one. at this point those four names you just mentioned and throw apple in there with a $730 billion market cap, you have 2.5 trillion in tech. that's more than a third of the nasdaq 100. this has been a concern of mine. it seems to be that the world seems very comfortable with these stocks and they're obviously executing very well and there are stories that will be around for a long time. the fact they don't even budge tells me that it is a pretty crowded trade. that's been a good trade, especially when you see apple up 20% on the book, the others up 8%, 9%, in line with the nasdaq. i don't think you want to buy the stocks at the highs. >> 100%. we know the best performing sector on the year, also the largest cap in term of weighting in the market. we know if you look at a long-term chart of this sector from highs and lows, lows to now, for the first time in eight years it is through the upper band of that channel. bull outs through the top ar

thinks your best bet tomlin station road is your best bet or really only bet right now and it will start to slow down that is another one. more when we crack in the 6:00 u know if it clears before then. we have an accident investigation. accident happened at 2:00 a.m. new jersey turnpike north bound at 1951 left lane opened outer drive. if you do not want to chance it, don't mess with that use 130, 295 or 206, but one less lane is opened for a while there it was all closed. one left lane is opened. you don't to have use those alternates. we have been discussing this as well, fire to peco substation yesterday and because of that fox street is closed and has been ever since that fire between roberts avenue and allegheny avenue. your alternate henry or wissohickon avenue is your best bet, head up on that. we have construction but we will get to that in the next 10 to 15 minutes, rahel and jim, back to you. >>> a new born baby is recovering in the hospital this morning after a brutal home invasion in philadelphia 's logan section. >> "eyewitness news" reporter frank does live, with the very

the bigger bet is -- listen, it's the same sort of bet. if we're short u.s. bonds we're betting on a stronger economy here. >> right. >> that's the bet. we're betting on strength one way or another here, strength around the world. okay? in one way or another. like i said, the only thing that's on the horizon -- different things can happen. hopefully, nothing happens political. different things can happen in france. once you get through there, there's nothing else in the year. >> so tepper is short u.s. bonds, long stocks. should you take those positions as well? let's bring in joe tanius, principle at bessemer trust. paul, let me start with you. are you adding to equities right now? are you bullish on america and stocks? >> yeah. we're positive on the market. but more sector basis, adding to positions, added u.s. steel this week. the thing we're looking at here is rather than the market that lifts all boats it's more the fed-driven market. we're seeing an economically cyclically driven market. we're going to see economically cyclical response. technology, fin

100 open bets on trump.like pretty much anything you want. our politics trader literally can't handle the volume, so we're hiring a trump betting expert at the moment. >> woodruff: all that and more on tonight's pbs newshour.

so i do think that this will be a very good bet for this state to bet on minorities to bet on migration and to bet specifically in the hispanic community because the future of california is linked to that. >> i asked gascon what happens if the person committing the crime is an illegal immigrant áeut. he says those issues are separate. >>> electric vehicle charging stations may soon be a requirement. they will be required to have 10% of parking spaces that could charge electric vehicles as for the older buildings, supervisor katy tang says she wants to install stations in them as well. >> i know that it's harder because of the old infrastructure. but there are innovative companies that have tried to bring forth more mobile charging stations over to the building. so that's certainly an effort i want to work on and in fact, that's why i started becoming interesting in working on electric vehicle issues. >> freemont and oakland already have parking for electric vehicles. >>> pg & e customers are trying to save electricity and you could be in for a shock. starting tomorrow, pg & e is changin

sort of floor under that bet. a lot of people do it exactly with the products behind me. with an option and an insurance policy. if you don't do that and you ahave a really concentrated bet, obviously, you can make a lot, but you can lose a lot really fast. look at our friend carl icahn. carl basically buys upside calls and he did this in urbal life judge, as you recall. he brought upside calls and that's exactly the opposite of what i'm talking about, of course, because that's really ramping up the amount of risk you want to take, rather than cutting it. so, carl does that because he's somebody very smart, but also he's willing to accept the consequences of being wrong and seeing that trade go against him. mr. ackman probably could have hedged and lost 5% or 10% on this trade, rather than 95% and that would have been a much smarter trade. but it's hindsight at this point. >> carrie, for those managing their own money and own portfolios and many viewers do that for them selves. we had conversations as to whether p

route 130 is going to be your best bet.were looking at images of the vehicle that was in very bad shape, and we were also seeing some of our crew members out there walking around the roadway with flashlights taking pictures that sort of thing. head up around this area. hamilton township new jersey, 195 westbound closed between route 130 and hamilton square road, your alternate 130 is your best bet. we have an accident at roosevelt boulevard northbound at red lion road that has been since cleared but we have a ton of construction to talk about. this one schuylkill westbound between vine and girard, left lane blocked and starting at 1:00 p.m. and lifting around 3:00 p.m. just before evening rush gets underway and bridge inspections vine westbound ramp to the schuylkill right lane blocked between 9:00 a.m. and 11:00 a.m. over to you. >>> in washington d.c. senate lawmakers will hold a joint news conference up to date public on the committee's investigation in russian meddling in the 2016 election. house intelligence committee'

and much of that betting will be illegal. americans are expected to bet an estimated $10.4 billion on the ncaa tournament. that is $1.2 billions more than last year. >>> with the march madness. everybody is doing it. i don't care what you say. billions are spent on it and i am right in the middle of it and i do whatever i can to support the effort. >> experts say that only 295 million of that $10.4 billion will be bet legally mostly at sports desks at nevada casinos. >>> and the new arena will be ready to go in 2019. >>> the one billion dollar chase center takes place. 8 weeks of dirt churning and 130 weeks away from this. an 11-acre entertainment wonder that will be rocking 200 nights a year right on the foot of mission bay. >> there will be concerts. there will be family shows and conventions. hopefully we will nominate a president of the united states here. in large measure, that's the value i think culturally that it brings to san francisco in the entire bay area. >>> convincing season ticket holders to buy in, the warrio

that's what cole and carter did with their bearish bet on boeing.ter thought shares had run too far, too fast. >> to my eye too far, too fast. do something. sell boeing. >> mm, mike thought. maybe carter's on to something but shorting the stock, that could lead to infinite losses. to make a bearish bet mike sold the april 180 strike calls for 630. now to keep all that money, mike needs boeing shares to stay below that 180 strike price. above that profits will trail off. mike won't see losses until boeing rises above that call strike by more than the 630 he collected. or above 186.30 by april expiration. remember there is a tradeoff. because above 186.30, mike could see infinite losses. >> surely you can't be serious. >> we are serious and don't call me shirley. to define his risk, mike then bought the april 190 call for $2 and created his bear call spread. now between the 630 he collected by selling that lower strike call and the $2 he spent buying that higher strike call, mike still pocket the $4.30. that $4.30 is the most mike can make on the trad

in fact, it is your best bet and will be busy as well. we have some more construction township line road between greenwood avenue and washington lane, this it is closed between 8:00 a.m. and 3:00 p.m. this will be lingering out there until may 26th, but for those just hearing this for the first time your alternate is church road. it will be closed between 8:00 g pennsylvania our rush hour until 3:00 p.m. and lingering out there until may 26th. these construction project are long standing and we have been talking about delaware river bridge, long standing construction project until early april. we are making progress, toward april, and until then these are alternates, scudder falls, trenton morrisville and burlington bristol. it gets very busy in the three bridges right around 6:00 o'clock hour. jim and rahel, back over to you. >>> updating breaking news out of salem county where manhunt is underway for driver whom police say slammed a car full of people into a home, and then took off running. >> "eyewitness news" reporter trang do is live

that's an inexpensive way to make a bullish bet without purchasing the stock.nd skoek very much a turn around story at this point. they're trying to reduce. the high capital base they have to operate their business. they're selling sugar water and it is falling out of favor. diapers don't fall out of favor and cigarettes don't fall out of favor. they have a new ceo coming in in may. i'm willing to play it for a turn around story but not necessarily because it is a staple stock you're not a staply guy. >> no. about being on the wrong side of history about what they sell. this is one for years to come. this is expected to be their fifth expected sales decline. it has a 3.5 dividend yield. it's not -- i see what carter sees. i see no reason why i shouldn't play catch up. >> yeah. >> if you get that move. i feel like a lot of those industries. we've seen them come back to highs. in this market you would rather own strength than weakness. you say that all the time. >> as techniques go, it is the most proven at all. >> right. >> but mike's trade is good. if you're bu

rt the bet is we'll move a bit lower and i want to make the bet that this is just the beginning. i would book gains, write calls, something. >> i think the way to play this is to look out to may. give yourself a little time. a little over 70 days. put this on monday. by the 116 put spread, you can spend just over $2 for that. i was looking at the 116. it may not seem like it is worth it. you can talk about the levels here. 107 where it bottomed out before we got to this most recent rally. >> that sort of sets your parameters. the point at which the rally started. >> i know that you remained bullish. when you look at that down trend. it sets up nicely. as far as strikes, i really like them. it makes a lot of sents. and i have to say, if it breaks through 1 ty, isn't it going back tom 2015 low? >> that's the reference point. what's interesting about that, that was a retracement of the plunge. when you start to break it, the only reference point does matter is the prior low. so that's quite a way. >> there are some parallels between this trade and the one we were talk about. if you

the bigger bet is on -- listen, it's all the same sort of bet. if we're short u.s. bonds, we're betting on a stronger economy here. >> right. >> okay. that's the bet. so we're betting on strength one way or another here, on the strength around the world. i am long european equities. i could lose my behind, but that's life. >> are you short bonds right now, david? >> you bet your heinie. >> i would like to see that on the transcript somewhere. what did they do with that. >> right to our well we"the clo bell" exchange. what do you think, steve? >> i think david tepper did -- mr. tepper did a great job breaking down the markets as he usually does. he gave us, you know, mr. kernen asked for a couple quotes. i think he gave more than a couple quotes this morning. when you look at the marketplace, i think you have to gauge it in a few different ways. the market rallied off the pro-growth policies and everyone is hanging their hat, so to speak, on getting those done. if they don't get them done, you are going to see that infrastructure plan probably kicked through, you'll

it's saying the bet on higher oil prices is over.locked up the decision why the stock vault $4, nearly 9% today. conoco's management didn't say it point-blank on the call. oil isn't all that profitable at $50 a barrel. much better to take money, pay down debt and buyback stock instead of the nsaiers dirty oil around, the tar sands. much rather offload the barrels they produce a day and 1.3 billion barrels of proven reserves and double their money with stock buy back. taking the total down to $20 billion debt well ahead of the target the management just set in november. why not? with oil at these levels the goal conoco will obtain by p paying down debt will far exceed extracting oil. the tar sands just aren't worth it below 50 bucks. our go-to oil guy, rusty brazil estimates these days you need 90 to 1$100 a barrel oil in order o justify a greenfield oil sands investment, double recruits currently trading. for conoco, it makes more sense to invest the money in more lucrative of their own stocks since they reduced the supply. you have

you have to bet against this clown. i've learned to take the haters in stride, and i am grateful to my eldest daughter, who taught me to hit these people were smiley faces and then block them. you know? like the ones with the sunglasses. those are the best, aren't they? by the way, the people who said that i was wrong, ill advised. so here's the bottom line. if everyone's cowed and so few have the courage to say this is a bull market and it's hard to bet against, then you're going to get have moments like today where the whole thing just explodes higher, levitates, and that coupled with a kinder gentler trump explains the snort and the roar of a very live bull trampling over the bears in one amazingly positive session. why don't we go to will in california, will. >> caller: hey, jim. a great big booyah from southern california. >> i'm liking that. what's up? >> caller: with the recent step down of ralph lauren's ceo is right now the right time to buy ralph lauren corporation? >> you know, here's the problem. look, i no

actually i want to make the bet that this is just the beginning of a period of further weakness.t's been good, i would do calls, do something. >> mike, what do you think? >> i think the way too play it this, look out to may, give yourself 70 days until expiration if you put this on money. by the 1.16, 1.07 put spread, you can spend over $2 for that. you can buy those for 2.60 and sell the 1.07s for 35 cents. it may not seem it's worth the 35 cents but that will offset the decay. 1.07 where it bottomed out before we got into this most pree recent rally. >> that sets your perimeters the point at which the rally started, sure. >> this whole thing comes together. you guys obviously have the contrarian thing off the bottom in december, remained bullish into february. when you look at that down trend, i mean it really sets up nicely. it was trading technically as far as strikes really like them. it makes sense targeting that 1.10 level. carter, if it breaks through 1.10, isn't it going back to the 2015 low of about 100? >> that is the reference point. what's interesting about that it w

coen carter made a bearish bet on boeing and it looks like mike's trade is about to pay off.n pokem"options action," that't carter did with the bearish get on boeing. carter thought shares had run too far, too fast. >> to my eye, that's your next move. too far, too fast, do something. sell, bye. >> hmm, maybe carter is on to something. but shorting the stock that could lead to infinite losses. >> he's crazy. >> so to make a bearish bet mike instead sold the april 180 strike call for 630. now to keep all that money, mike needs boeing shares to stay below the 180 strike price. but mike won't see losses until boeing rises more than the 630 he collected or above 186.30 by april expiration. but remember, there is a tradeoff. because above 18630, mike could see infinite losses. >> surely you can't be serious. >> we are serious. and don't call me shirley. to define the risk, mike bought the 190 call for $2 and created his fair call spread. now between the 630 he collected by selling that lower strike call, and the $2 he spent buying that higher strike call, mike still pocketed $4.30

everybody is making bets on the eyes and wrists, and we need to bet on the ears.tting a computer system in your e will be the will be -- in your ear the future of how we interact with technology. if you're just saying, hey, order me an uber, or hey, i want to go to dinner with you -- it's a more natural way to compute. and we see that happening with alexa and google play. guest: absolutely. google has seen some criticism from the likes of marc benioff and others from jumping on the voice bandwagon. but it seems more like there was a technological wave cresting. .uest: that's a great question for me, it was actually more cultural. i am not an engineer. my background is in music. i saw computers becoming more and more alien. you can think of google glass. tech onre going to put their faces and where it all the time, and it is going to be awesome. i was sitting there saying, no, they are not, and simultaneously you have this moment of beats -- movement of beats, wearing five pounds of plastic on your head and doing it proudly. ights.with we guest: there were these cu

your ultimate nate 926 or street road is your best bet.ou can see crews out there, look at is what surrounding them, ice and snow, and that is still on a lot of our roadways especially smaller won untreated road. even the treated road will have black ice, on them, and right around walt whitman bridge 95 south disabled vehicle as well and i have to point out in the pennsylvania hour we have seen a lot of disabled vehicles. i'm in the sure if that is anything weather related but head up that is what we are dealing with today as well. maybe the cars cannot sustain these cold temperatures with the snow, ice and what have you. anyway, moving on we have more activity, bustleton involving a pedestrian here, accident northeast avenue at red lion road and we have an accident where they are directing traffic in new jersey, hook road 551 between lee avenue and george drive broadway is your best alternate, jim, over to you. >>> a volcano erupt nothing hawaii was quite a sight for this helicopter crew. they captured moments lava began bubbling from the

and on my other bet, i'm going to bet on... 77, can you fix it so i win(!). laughter.rtune. i had a dream last night, i had a dream... that a strange dog walked past me, and that dog had the number 39 on it, is that the kind of dreams we have. wish me luck. it's a tense moment as the numbers are counted... 310, 320... and my dream turns out to be... a shaggy dog story. 77 was my number, 97 is the result. still, two of my lucky numbers, nine and seven. next, i head out of the city to the region's famed khasi hills and villages. incredible to think that despite landscapes like this, the north—east is one of the least visited areas of india. but things are slowly changing. we've been travelling out of shillong into the countryside towards the bangladesh border for about two hours, it's been pretty bumpy and rough roads, until suddenly we have reached this bit and it is beautifully smooth road, it would not look out of place in a major town. we are heading towards a village which has a really interesting reputation. the khasi hills are the only place in the world that you

big money betting on the big dance, and coming up, we'll ask wynn resorts top betting man for his taked long shot pick or two on hoops right after this commercial break. >>> hundreds of millions wagered in march madness, only legally in nevada. million mores through other means. who are the gamblers picking to win if? let's bring in head of the sports book at wynn las vegas. good to have you with us. >> thank you. >> how is business on the ncaa tournament? how big is it for you and comparing this year with last? >> well, it's a big event. takes place over the course of three weeks, and not a weekend like the super bowl, so the business itself exceeds the super bowl. in our state for this past super bowl, we did $138 million, and we can't give you exact figures on ncaa basketball, but looking at basketball for the month of march, it usually does around $400 million, and i would feel comfortable saying the ncaa tournament's going to do somewhere between $200 and $225 million of that. >> so who is the betting favorite now? >> well, remember that -- that's called the future book on who you

undertake a rigorous review and are undertaking a rigorous review of our immigration betting program to increase our confidence in the decisions we make relative to visitors and immigrants that traveled united states -- travel to the united states. we cannot allow the system to take american lives. this executive order is prospective in nature. preventings on newborn nationals from the six designated countries. accordingly, it is important to note that nothing in this existing order keeps lawful permanent residents or persons of current authorization to enter our homeland. tedegulated, unvet travel is not a right when national security is at stake. are asking to create an order that addresses previous concerns and protect the homeland and every one of our citizens. themen and women of department of homeland security, like their brothers and sisters throughout law enforcement are decent men and women of character and conscience. than theno less so governors of our states and territories. citizens were members of congress. these men and women are sworn to enforce the laws as past by th

so, heads up, your alternate, kelly driver to the boulevard, going to be your best bet.vard. this is the schuylkill. not quite sure why those vehicles are sitting there, they should try to move over to the left and get out of there. they will not be take that ramp. again, that's the schuylkill westbound off ramp to northbound boulevard, avoid the area at all costs. we have another accident on the schuylkill at belmont, which by the way is also really slowing you down. so schuylkill kind of our problem child of the morning, no doubt about it. we also have another accident, yeadon, route 13 baltimore avenue. between 61st street and kelly street. heads up on. >> this by the way where you see traveling at 9 miles per hour, that would be accident on the schuylkill. also another accident, gibson road, 513, hulmeville road. heads up on these accidents, a lot of activity this morning, so give yourself some extra time. rahel, over to you. >> quite the busy morning, meisha, thank you. each year nearly 800,000 people in the u.s. have a stroke. many survivors suffer from paralysis o

we are doing really long-term investments and long-term bets. be done if you have financial stability. >> long-term investments and bets. i'm going to dig and more to the potential partnership, because looking at some of your lower margin areas of the business, is this the time you could be working with other companies rather than a standalone basis? >> we will always work in partnership with companies. we have a partnership with cisco for example. you will also say we have all of our partnerships in new areas. so, in the future world, i think we will be much more about ecosystem, partnerships, and collaborations. that is where we are going to go. caroline: still ahead, we get back to our main story of the week, snap's first day of trading. just how big of a paycheck are the cofounders bringing home after their first day of trading? we will hear from the bloomberg billionaire team next. this is bloomberg. ♪ caroline: a stock we are watching. apple hit an all-time high after research published a bullish report on the iphone maker. they joined "bl

maybe this is short bets getting squeezed out of the market, but if you look at what happened to theield curve, you can see down here was the all-time low. that was the lowest level since 2008 as far as the compressed five and 30 year yield curve. it blitzed up a bit but this is not the entire market considering we are going to see some kind of major growth. jonathan: what do you make of the message that comes out of the curve which has been flat over the last couple of months? mohamed: i do not make much of it. , and imake a lot of would be interested to see what lisa thinks, the spread of the bund. i and the bond -- think there is a phenomenon going on where central banks are becoming less dovish around the world. lisa: if you go into my terminal you can see the spread he is talking about. it is the two-year u.s. yield versus the german two-year yield , the highest level since the 1990's. this basically leads to a question of, will this be borne out in the currency markets or is this where you will see the dollar strengthened potentially if people come to the u.s. to catch those yi

and much of that betting will be illegal gambling. americans are expected to bet $10.4 billion on the ncaa basketball tournament. that's a billion dollars more than last year. >> with the march madness thing, everybody's doing it, i don't care what you say. every billions of dollars they spend on it and i'm in the middle so i do what i can to support the effort. >> good. good to have him supporting the effort. experts says 255 of that -- those legal bets mostly made at nevada casinos. as for the illegal bets, those are mainly done, well, you guessed it, in the form of office pools. >> not in our news room. >> absolutely not. >>> for today, i wouldn't stand for it. as for today, two california basketball teams fighting for a chance to get into the round of 64. they have playing games in just a few hours. at 3:40 this afternoon, uc davis looks to secure a spot. they have a game coming up against north carolina central. and then at 6:10, usc takes on providence. go trojans. i tried to get that in there. >>> it was a quick end for the num

i want to make the bet that this is just the beginning of a period of further weakness, so it's been good. i would book gains, write calls, do something. >> mike, what do you think? how are you trading gold? >> i think the way to play this is look out to may. give yourself a little bit of time. a little over 70 days until expiration if you buy on monday. with the put spread you can spend just over $2 for that. i was looking at that early, the 1.16 puts sell for 1.60 and kind of like dan's trade. it may not seem it's worth that $0.75 but that will offset some of the decare, and the other thing is and you can talk about the levels here, 1.07 where it basically bottomed out before we got to the most recent rally. >> that sort of sets your parameters, the point at which the rally started, sure. >> this whole thing actually really comes together. you guys obviously had the contrarian thing off the bottom back in december and you remain bullish january into february and those lines when you look at that downtrend, i mean, it really sets up nicely and the thing was trading nicely. makes a l

is it a sure bet for winning this bet -- bid? tim: no, we do not know what the criteria are. point the board will have to decide who they have to sell it to. we know from previous takeovers, sharp is a great example. boards want japan, to know their stocks are looked after. they want to preserve jobs and keep the business alive. even after things selloff they want to make sure that happens. whether or not it is going to the highest bidder or a company they think will keep the name, the brand, the technology, the employees, will be a key issue. there will be strong bidders, some that may bit higher than foxconn. it will come down to, what is the board looking for? another thing to remember, this is why antitrust is a key issue. they want to close the deal and get the cash as quickly as possible. if they announce the bitter and they have to go through antitrust concerns and regulatory approval, that could slow down the transaction and slow down the transaction to toshiba, which needs the money. if we wanted to look for a bitter that could process it very smoothly. >> what does

i think mondelez, if someone is betting against mondelez, it could be a sucker bet. is in the last year of her restructuring and the company has fire company. they could buy back the stock instead of peoplemondelez. this was a company that made a lot of sense. there were a lot of smart people in there. nelson peltz in there. that's a bad bet, to go against that one. the chichipotle, i don't know. five, six months from analyzing how long people remember the kind of thing. are they going to shoot against chipotle? yeah, of course they are. too easy a trade. >> we know about some of the short positions on cmg. of course, ackman comes on african-american, gfrom time to time. this is bill on "squawk box" in august of last year. >> the worst period performance in my hisly lhistory as an inv. we made a passive mistake. paid full price for the company and betting on management's ability to create assets. we can talk for an hour about the mistakes we made there. >> to david's earlier point, how many mistakes does general growth pay for? >> general growth i would downgrade. it

bonds, we're betting on a stronger economy. >> right. >> that's the bet. so we're betting on strength one way or another here, strength around the world. like i said, the only thing that is on the horizon, different things can happen, hopefully nothing happens political, but different things can happen in france. but once you get through there, there's nothing else in the year, you have smooth sailing. >> we're joined by chris wiley from conner broadly. you were listening to what david tepper was saying there. essentially the message is the same from every guest we have on the show. when you look at valuations, u.s. markets seem incredibly overvalued, but you don't want to go against the trend what do you tell investors going into the u.s. right now? >> well, the empirical evidence on valuation is strong, yes. that's why everyone is coming to the same conclusion when we look at historical ranges, different types of metrics, they do point, you in the same direction, which is certainly not cheap. they're expensive. are they unjustifiably expensive? there the

everybody is making bets on the eyes and wrists, and we need to bet on the ears.tting a computer system in your ear will be the future of how we interact with technology. mainly because voice and audio are much more natural way to interact with each other and interact with computers. tapping on a piece of glass is one thing, saying hey, order me an uber, or hey, i want to go to dinner with you -- it's a more natural way to compute. cory: and we see that happening with alexa and google play. guest: absolutely. we got very lucky to be honest. we were building in a vacuum. very secretly this product, and then apple remove the headphone jack and i was a huge moment for us. we are a wireless products and we do stream music so that was awesome. with alexa, google home, and all these things, it has become mainstream. cory: google has seen some criticism from the likes of marc benioff and others from jumping on the voice bandwagon. but it seems more like there was a technological wave cresting. guest: that's a great question. for me, it was actually more cultural. i am no

( laughter ) and, by the way, they say this was happening around 4:30 a.m., but i'm willing to bet it was at precisely 4:20 because, just listen to this missouri congressman and how he made his argument against one of the obamacare taxes. >> you know there's a lot of taxes out there, but you could tax a lot of different items if you want to stop behavior. you know, i love ice cream. ice cream's probably not the most healthy thing to eat. why is there not a tax on that? you know what? if you look at the number one cause of skin cancer, it's not tanning beds. do a google search. it's the sun. (laughter ) >> trevor: who is this guy? you know what i think? i think we need to get this guy into the same room as jayden smith. you know, there's a lot of taxes out there -- ( piano playing softly ) >> -- but you can tax a lot of different items if you want to stop behavior. you know, i love ice cream. ice cream's probably not the most healthy thing to eat. why is there not a tax on that? you know what? if you look at the number one cause of skin cancer, it's not tanning beds. do a google search

two weeks ago, a bet on boeing and now it looks like mike's strayed about to pay off. on "options action," it's how we play offense ask defense. risk less so we can make more. that's what carter did. he thought boeing had run too far too fast. >> to my eye, that's your next move. too far too fast. do something. >> he thought maybe carter is on to something. but just shorting the stock, that could lead to infinite losses. so to make a bearish bet, he sold the call to 6.30. above that, profits will trail off. but mike won't see losses until boeing rises by more than the 6.30 he collected. remember, there is a tradeoff. because above 180, he will see losses. >> we are serious and don't call me surely. so he bought the 1.90 call for $2 and created his bear call spread. between the 6:30 he collected by selling that lower strike call and the $2 he spent buyer the higher strike call, he still pocketed $4.30. that is the most he can make on the trade. and to keep all of it, he needs the shares to stay below $184.30. above, that he starts to see losses. but they are limited to

i bet you haven't noticed.so be the new tax on sugary drinks, starting in a year's time. dieticians say there's no time to lose in trying to improve children's health. around one in five 10—11—year—olds are obese. we know from research that excess sugar is linked to weight gain and when you are obese you are more at risk of conditions like type two diabetes, which can lead to heart disease or even blindness. the food industry isn't being forced to make these changes, but trade bodies say they'll take on the challenge and experts in nutrition think this is the quickest way to improve our diets. because the legal process of writing mandatory guidelines is so awkward, so long, people resist it and try and protect their own interests, that doing it on a voluntary basis is actually quicker to write the regulations and quicker to amend them if they don't work. the nine food groups announced today account for less than half of children's total sugar intake, so there's still work to be done on sugar that's less obvious

coming up, we speak to the first liew, whotor, jeremy made a bet on snap.made his offer a complicated relationship with the company's founders. that is next. this is bloomberg. ♪ caroline: now a number of , venture capital forms will make a small fortune from their investment in snap. lightspeed venture partners is one of the largest outside investors. we caught up with one of the very first investors in the company, lightspeed jeremy liew, and asked what made snap such an attractive investment. take a listen. >> when we met evan and bobby and we heard about their vision, they talk about how social media had become almost like a highlight reel for your life. it was creating a performance anxiety for people. unless they were looking for perfect they were not , putting themselves on social media. that meant that instead of people getting to see the full 360 degrees of someone's life, they were just getting a tiny little sliver. what snapchat did by making a default was to bring back the spontaneity and emotion and authenticity people always had with their clo

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( laughter ) and, by the way, they say this was happening around 4:30 a.m., but i'm willing to bet itas at precisely 4:20 because, just listen to this missouri congressman and how he made his argument against one of the obamacare taxes. >> you know there's a lot of taxes out there, but you could tax a lot of different items if you want to stop behavior. you know, i love ice cream. ice cream's probably not the most healthy thing to eat. why is there not a tax on that? you know what? if you look at the number one cause of skin cancer, it's not tanning beds. do a google search. it's the sun. (laughter ) >> trevor: who is this guy? you know what i think? i think we need to get this guy into the same room as jayden smith. you know, there's a lot of taxes out there -- ( piano playing softly ) >> -- but you can tax a lot of different items if you want to stop behavior. you know, i love ice cream. ice cream's probably not the most healthy thing to eat. why is there not a tax on that? you know what? if you look at the number one cause of skin cancer, it's not tanning beds. do a google search.

then another, saying: "i'd bet a good lawyer could make a great case out of the fact that president obama was tapping my phones in october, just prior to election!"

maybe this is a short bet getting squeezed out of the market, but if you look at my terminal, you lookt what happened to the yield curve, you can see down here was the all-time low. that was the lowest level since 2008 as far as the compressed five and 30-year yield curve. it blitzed up a bit, but this is not the entire market considering we are going to see some kind of major growth as a result of the fed holding off. jonathan: what do you make of the message that ces of the curve 530 spread which has been flat over theast cole of months? mohamed: i do not make much of it. what i make a lot of honestly, and i would be interested to see what lisa thinks, the spread of the treasury and the bund. and that has narrowed, and it tells you there are two things going on. it is not just the u.s. i think there is a phenomenon going on where central banks are becoming less dovish around the world. lisa: well, yeah, and if you go into my terminal you can see the spread that mohamed is talking about. it is the two-year u.s. yield versus the german two-year yield, and it in its highest level since