my assumption is banks he risk -- derisk and are egged on to take more and more risk. manus:jonathan: as an investor, don't you want them to invest? >> the debate is about lending. banks are in the business of lending. you want them to encourage to lend sensibly. jonathan: i guess to questions. i have have the conversation with maybe a thousand different guests. when does the regulatory headwind go away? the second part of the question is when does it ceased to influence my investment decision as well? is that now at that point? >> i think regulators will continue digging out a story. i think it is an ongoing saga. as long as they have confined the dirt, they are going to keep digging. it has been viewed as a source of funding particularly with the new york regulation. i think we have a few years more of them looking to see whether there were past misdemeanors or how their practices are currently. jonathan: a lot of news in the telecoms sector. the big news has been m&a for at least a year. when you look at some of these activities, you look at a company trying to punc

the analysts said they derisk the gigafactory as well as tesla's valuation and that sets up for a strongoday, melissa. >> now for the under the radar claim of the day. gpc, under the radar and not very small. that's the market cap auto parts company. upgrading to a buy and they get better. the target is about 17% upside. >> by the way, they are not just in auto parts. they have a canadian industrial business and just got into the janitorial supply business. that does it for street talk. they get to throne. the party is over. for more from america's conference here in miami and the interview with the ceo of redfin. he is shaking up the real estate business. power lunch is back after the break. >> welcome back to power lunch. i am live at the technology conference. joining me is the ceo of red fin. you are on a panel of disruptions and you are bringing in a model to the real estate business which has been a broker. i would hire or pay a broker. >> yep, yep. if we pair a broker with technology, we give consumers the best of both worlds. you shouldn't have to choose between a website that un

football service sector -- financial service sector has on other sectors, you decrease risk, you deriskhe system. it's good for the financial institution, the payment system and, frankly everybody involved. to the chairman's point on energy and commerce's bill, that's a bill that says have reasonable standards. over time the courts are going to develop a standard, and it's going to say be reasonable, and that's a ten-year pathway. it's too slow, and it's too vague. or you're going to have a bunch of states doing hodgepodge standards, some of which will be great, some of which not so great. so congress can play a role bringing this debate forward at a level of rig gore -- >> mr. dodge would you like to comment on my question? >> yeah. first, the suggestion that banks are not reimbursed in the wake of a data breach is simply not true. there's three major ways in which they pay, and there's certainly more than just those three, but the first is in the fees that they pay on every transaction and after a breach, through the contracts that they sign with the card networks there's a formula fo

other sectors and we get more resilient, better systems as a result of that you decrease risk, you derisk the system. that's good for financial institutions. it's good for the payment system. and frankly it's good for everybody involved. i will say to the chairman's point on the energy and commerce bill that's a bill that says have reasonable standards. we're going to get a standard one way or another in this country because everybody's suing everybody. over time the courts are going to develop a standard that says be reasonable. it's a ten-year pathway. it's too slow and too vague. or a hodgepodge of standards some of which will be great, some not so great. so congress can play a really important role here bringing this debate forward more quickly and a more of lafl of rigor. >> mr. dodge would you like to comment on my question? >> first, the suggestion that banks are not reimbursed in the wake of a data breach is simply not true. there's three ways we pay, the fees they pay on every transaction, after a breach through the contracts they sign with the card networks there's a formula for

for us this was a great time to raise money to derisk the business and continue to invest in innovation your exit strategy? >> i'm onboard with these guys. whatever they want to do. >> come on. valuations are so hot right now. >> i know. but, like i said, these guys are so sophisticated on how they think about brand and how they think about the customer. whatever they want to do. >> $1.2 billion right now, they could get to -- >> exotica is $25 billion. is that the general market cap right now. >> that's a nice goal. >> so what is the offer that is on the table here? >> we get 10% for how much? >> this is "shark tank" right? >> i'm ready to make an offer. >> that's funny. this is the hot strend in glasses right now. >> is that cool? >> crystal. >> these are $20 reading glasses from cvs, just so you know. that's my style. because i lose them and i break them. we got to go. >> guys great having you on. we wish you more success. >>> a reminder neil will join us at first iconic conference tuesday may 19th in chicago. and we're bringing together influential investors and entrepreneurs includ