let's get back to bob peck. twitter puts in somebody from within the company, would that be a huge disappointment? >> not necessarily. as i mentioned before, someone like adam bayne has a ton of respect in the organization. he has 1,000 people reporting to him and knows the media and business well. having said that, i also think someone like ross levinson would resonate very well and anybody that can show that they have got product road map and the company can build on and improve fundamentals would be well-received. >> what is your guess on how the stock reacts? is it another pop? >> it could be a pop depending who they choose. things can actually make that change and implement change to product and improve the fundamenta fundamentals, you'll see a good reception. >> when there is no change of strategy, at the end of the day you do want a change of strategy, correct, from the new ceo. >> you want to see faster development and more clarity, more color in what are these products, what is your reaction to the post

. >> i'm with the bob peck. >> when did he become the bob peck?we talked -- didn't dan nathan last night go to a chart and do a whole thing? if you want to be long in twitter i think you have a natural top at 35 bucks although i like pete nigerian. >> is it the brian kelly or is it just brian? >> i'm kind of like the donald. >> still ahead one of our traders has been hacked and this guy is responsible for it, he is a ceo of cybersecurity firm and he will join us after the break to talk about why companies an even our traders aren't as safe as they think. much more past money straight ahead. >>> we've been telling you throughout the hour that one of our traders here has been hacked and we've got the hacker right here. the ceo of cyber security firm combat security joe officer rare ra ready to explain. request which one of these guys was hacked? >> well, maybe i will build up the suspense a little bit. i will start from the people that didn't have anything go wrong. brian and karen, we didn't recognize or we didn't take any activity from brian or ka

bob peck managing director at suntrust robinson, who has a buy rating on facebook.for those of us who are not cheek by jowl as close to the story as julia is? >> the take is two things. one they're getting into curated content. that's what advertisers want. that's whuzers want. you want a more curated experience versus just what came first, whatever is latest. more quality content. >> that i curate or they curate? >> they curate for you. let's say you were going to fiji and you wanted to see various photos of that they would curate the best there. but what i think's interesting there is they're also expanding into live events. so they can curate things like the oscars, the grammys, the super bowl, et cetera, things that are more timely and live and what does that bode well for? a good user experience but also tv ad dollars. >> it's astounding more generally the breakout you've had in the stock and the scale of the wealth that is generated in terms of those equity moves. just talk us through the valuations and where we are now. >> it's been sort of stagnant previous

joining us to talk about it, bob peck of suntrust joins us on the phone. good morning to you. >> thanks again for having plea. >> you were, i would say the first to argue costolo would be gone by year end. you were clearly right. what do you think happens now? well first of all, back in december said we thought this could happen. if he had execution issues and obviously it has now. so the question is who takes over. and you put out a note today where we identify top five leading candidates you know, two internal with adam bain and jack dorsey and mike mccue on the board and now ceo of flipboard and ross levinson, former ceo of yahoo and neil mohaned a google. and we've heard a range of 30 other names a that are very interesting. the top five you've seen, the most speculated about by investors right now. >> there's a thread in the piece in the "new york times" this morning talking about adam bain and anthony nodo and saying maybe the internal candidates won't get as much consideration because they don't have experience running a public company. how importan

i called our friend bob peck. peck said hey jon, fair value risk-reward, it's pretty clear that someone has been blown out of the market in twitter. because of the landslide of stock to the down side and flip around so quick. thinks we're a couple of quarters away from having some m&a. that might happen in this name. that's his estimate. i took some profits this afternoon for a bunch of client trades. but we're going to still be in some. >> coming up, we check the pulse of fitbit on day two as a p publicly traded company. >> 14 are set to debut, the busiest week of the year. how about shares of micron up today, thanks to an analyst call. it's still one of this year's worst performers. is our panel buying into the upgrade or not? >>> and taylor swift, dissing apple. wait until you hear what the pop princess is doing now. there's a difference when you trade with fidelity. one you won't find anywhere else. one-second trade execution. guaranteed. did you see it? in one second, he made a trade, we looked for the best p

we'll talk to top-ranked analyst bob peck to separate fact from fiction. plus fitbit beating apple at its own game outselling the apple watch. could fitbit be the next great tech stock to own? but first we start again with a story that is dominating wall street and the global markets and that would be greece. cnbc's chief international correspondent michelle caruso-cabrera is live in athens for us. michelle? zblaishlgsa. as the bailout is set to expire for greece as night falls here, this means that now greece lives without a financial lifeline for the first time since 2010. the technical expiration of the bailout is important because it could push the ecb to make a hard decision tomorrow. technically, the ecb should only accept collateral from investment grade rated countries. greece is not investment grade. but greece gets an exception because it's, quote, officially in a bailout program. that expires tonight. we'll see what the ecb decides tomorrow. they may be waiting to see what happens in a controversial referendum being held sunday. a referendum in

bob peck was pretty negative about it again this morning on "squawk on the street." the year, what do you do? >> it's worse than a show-me story. they did show us and we didn't like what we saw. i'm in the camp that this is a very new business, it's a novel business, there are no real comps for it. the only comp that people continue to use is facebook. which is pretty unfair. think twitter should have more time to figure things out. at a certain point any place where you get 3 or 400 million people in the same space, you can make money from that. if you don't figure tout as fast as zuck did, it shouldn't mean the world will come to an end. i'm long the name. i tend to add to it on dips. i haven't on the most recent dip. think twitter will be fine over the longer-term. >> i think he'll get a chance and i'll get a chance to buy on the dip. think it's coming, i think it's going to break 35 and just asthma haney was saying, i think you pick it up in the low 30s. somewhere between 30 and 32. you could put it on your calendars when we get to that spot, judge. i think that'

they'll be talking to bob peck about why facebook's ad announcement could be a game changer for thatds familiar. >> we saw it in the action in the markets today. >> alibaba backing off its american e-commerce strategy. the company selling its website 11 main which competes directly with amazon and ebay. is the push into the u.s. failing? we'll talk about that. >> or misunderstood? >> goldman sachs president and coo gary cohn warning one of the strategies meant to reduce risk on wall street may actually be making things worse. he joins us exclusively to talk about the impact of financial regulation. when you do business everywhere, the challenges of keeping everyone working together can quickly become the only thing you think about. that's where at&t can help. with the tools and the network you need to make working as one easier than ever. virtually anywhere. leaving you free to focus on what matters most. (engines revving) listen up. ready. ready. (engines revving) steady. (engines revving) go! ♪ ♪ ♪ ♪ it's more than a movie. it's now a ride. fast and furious. supercharged. ride it a

. >> when we come back sun trust bob peck.d out how long he thinks the rally can continue which is now 95% higher for the year. dow is up 127 as energy shows some leg. back in just a moment. when you're not confident you have complete visibility into your business, it can quickly become the only thing you think about. that's where at&t can help. with innovative solutions that connect machines and people... to keep your internet of things in-sync, in real-time. leaving you free to focus on what matters most. leave early go roam sleep in sleep out star gaze dream big wander more care less beat sunrise chase sunset do it all. on us. get your first month's payment plus five years wear and tear coverage. make the most of summer... with volvo. ♪ what if we finally had a backyard? that'd be amazing. ♪ hey, what if we took down this wall? ♪ what if this was my art studio? what if we were pre-approved? ♪ shut up. from finding, to financing. how'd you do that? zillow. ♪ ♪ ♪ (charge music) you wouldn't hire an organist without hearing th

we'll talk to top-ranked analyst bob peck to separate fact from fiction.le at its own game outselling the apple watch. could fitbit be the next great tech stock to own? but first we start again with a story that is dominating wall street and the global markets and that would be greece. cnbc's chief international correspondent michelle caruso-cabrera is live in athens for us. michelle? zblaishlgsa. as the bailout is set to expire for greece as night falls here

bob peck at sun trust says maybe adam bane who's the revenue office at twitter.he founders. the list goes on and on but as a shareholder, who would you like to see? >> it's a big world out there with a lot of talented people. i don't think there's only one good answer to that question but i would say if you think it's wrenching to try to change your ceo try to replace them, re replacing the replacement is awful for morale. you want to take the time and do it right. i can understand putting jack dorsey back in that seat for a time so they can take their time and make a good selection, and i -- the way he answered that question earlier about whether or not he would take that job, you know i think there were reasons he stepped down from that job the first time and the reasons are probably still valid, but it's hard to think of somebody in a better position to really evaluate how someone can step in at the top. >> sure but what attributes do you think that replacement needs to have to carry the company to the next leg. >> when you're on the edge of innovation there,

bob is chomping at the bit for a win. he trained three who are cents that won the connecticut tuck i derby and peck necessary but couldn'twhich is the longest race. american pharaoh is the only horse in this year's belmont to run the first two legs of the triple crown. he faces seven fresher horses, including top contenders, materiality, and frosted. >> i think frosted is a good horse. he ran good in the kentucky derby. he deserves another chance. >> if you bet on american pharaoh, the odds are against you. even if he wins, you'll take homeless money than you put up. chris said he's still going to bet on the favorite. >> it will be the test of the champion. we'll see. i think he is going lead them all the way. >> american pharaoh is now getting some rest. but the cameras will be back to follow him to the track and maybe into the history books. wendy gillette, cbs-3 "eyewitness news". >>> well we'll have to see. still ahead on "eyewitness news" this morning the warmer weather is here, and we'll have some advice for adding a backyard patio to your home. we'll also have this. >> keep track of what your kids are doing on lin