big day for bluebird bio. >> shares of mphasis slipping this week. as co-founders unloaded about a billion dollars worth of shares. six months after mphasis reported its first non found tore join the company. joining us is the ceo. i want to ask you first of all about this stock sale. first non founder ceo. you are on board and trying to do this turn around under this cloud pressure and then the founders dump all these shares. and granted they still have a big stake but what do you say to investors. >> the mphasis pounders are unlike any other in the history of the indian entrepreneurship. it was long overdue. i think it was about the portfolio decision. the vast majority of the holdings are still there. they are still among the largest shareholders of the company. one key is the massive mphasis has with regard to the philanthropy. it's huge activity for us. the part of the philanthropy, giving, this is the reason. they are fully committed to the management, the company. it is all good. >> talk to me about the mobile economy in india. we've got flip

she slammed the small cap bionot unlike bluebird bio. this could be a miracle drug for sickle cell. u have companies saying things which are very, very exciting. the one place exciting and stocks have been popping is this conference. bluebird is probably the biggest winner of all. >> i don't see yellen throwing in the towel. >> no. she will double down on her short. she wants to short this for a considerable period. i'm kidding her. i am sure she wished she never said that. >> how about c ofonn's? >> cfo, numbers very bad. huge increase in bad debts. this is a company that sells appliances. it's shocking. this had been a great growth story. i'm looking at this thinking when a cfo resigns and it says cfo is out, that is one of the most discouraging things. we want to know more. we don't. stay away from conn's. >> we are going to get housing earnings out this week. how do you know when this is execution or true demand? >> you've got to look at costco that will report and they do a lot of house work stuff. this is a story that has a lot of question marks. lowering the down payment. ther

bluebird bio is a big one. the stock soaring on the news, up 51%. again, futures under pressure.e in your pocket right now? i have $40, $21. could something that small make an impact on something as big as your retirement? i don't think so. well if you start putting that towards your retirement every week and let it grow over time, for twenty to thirty years, that retirement challenge might not seem so big after all. ♪ e financial noise financial noise financial noise financial noise >>> welcome back. abercrombie and fitch shares are soaring. they just announced their ceo michael jeffries is retiring immediately. that's not what you like to see when you leave the company and the stock is up 7%. arthur martinez the chairman will be running things day to day. he used to be with sears. >> he was the savior. >> this will be an interesting stock. that stock is up $2 on the news he is stepping down. >> who took the logo off? >> that's the folks. >> this is the guy the article was written. >> talking about the white gloves and airplane and all this. >> the aftershave you had to wear. an