by coming to etsy.buying merchandise you can't find on any other platform and that's really important and our sellers are very much a community. can you see it in excitement of our sellers, we have 10,000 etsy teams. these are self-organized groups of etsy sellers around the world who meet offline we make a home for them at etsy, for creative entrepreneurs that is really unique and they're really bound to the platform and we really appreciate that. >> now, where your sellers are are is a big part of your story. you're trying to engage communities outside of the u.s. communities of sellers. how do you do that? and how much a part of your success is that going to be, if you're able to get unique goods sourced say in guatemala, that could provide you an advantage? >> our strategy, 30% of the sales on etsy is international. we're focused today on a few key set of countries, and our strategy is to build global marketplaces. and buyer and seller ecosystems. so canada, uk, australia, western europe. we're focu

etsy closes his public offering.aire investor stanley druckenmiller shares his thoughts on snapchat. secretary of state john kerry flew to germany to tell his fellow foreign ministers that the iran nuclear deal will hold up under congressional scrutiny. >> yesterday, there was a compromise reached in washington regarding congressional input. we are confident about our ability for the president to negotiate an agreement and to do so with the ability to make the world safer. emily: the white house signaled it would accept revised legislation, giving congress the authority to review any nuclear deal with iran. samsung is trying to deep its ties with its archrival apple. the company has created a standalone team of 200 employees to work exclusively on screens for apple products according to people with knowledge of the matter. samsung display make screens for ipads and macbooks and applies -- allies more on chipmaking as the smartphone sales stall. wall street may have high hopes for etsy's ipo tomorrow. many artisans wh

rebecca: etsy was the perfect platform for me.oing their part to elevate the experience of handmade and gain customers. leslie: that is until etsy became more corporate. rebecca: they caused a weird shift in the ecosystem. leslie: 18 months ago, etsy allowed sellers to use manufacturers to produce en masse. the goal was to help sellers grow their businesses while etsy grew at scale. saylor's sales have slipped 15% since then. the new policy has made it harder for consumers to find her pillows and compete on price. why not use a manufacturer to compete? rebecca: etsy sellers have an this extreme emotional connection to their piece, and they want the public at large to feel the same way, which they do , i am sure, in many ways but at , the end of the day, it is a business. leslie: etsy was founded a decade ago by rob kalin and two friends. it caught the attention of big-name venture capitalists. such as excel partners and union square. over time, success bred conflict, and they rejected any stray from the company core values. he lef

you can buy this bell on etsy. they've got sellers here who are going to be ringing the bell if you look at etsy and that $1.8 billion valuation happens to be just about 1/10 the size of amazon. if you think where they are hoping to fit in the e-commerce space, if amazon is like safeway, etsy wants to be whole foods. some stuff is more expensive. they are unapologetic about that. it's unique and crafted in a way that is not about efficiency and squeezing every penny out of the supply chain. they want to give the feeling of everybody able to prosper. they say in s-1 2/3 of their manufacturers in their ecosystem have fewer than 20 employees in manufacturing. their buyers are also very loyal. 78% of revenue, people who came to etsy were repeat purchasers in 2014. that is impressive when you consider their growth overall was quite strong. they also had a number of new people coming in. overall question is how quickly can they expand internationally? how quickly can they offer more seller services that gets them more re

etsy. virtu. party city. want to go down to nicole petallides on the floor of the new york stock exchange to see if it was exciting there as it was here. nicole. nicole: the pulse of the floor. a dull day when you look at the tape. the dow, the nasdaq, the s&p finished slightly to the downside. bout, wow, what a day. right? first of all, netflix, you called it charles payne, everybody watching "making money" knows that. (?) let's look here. netflix soared to record new highs. those subscribers wowed everybody on wall street. how about the ipos. you mentioned those. party city right here at the ne new york new york stock exchange. what an exciting time. a listing here. that opened over 20%. that was a real winner. and, at the end of the day, it held on to gains. 20% plus. etsy, 70%. one hundred plus%. and virtu financial. other winners, united health. earnings, earnings. and coach with an upgrade from barclay. we had great earnings. charles. charles: i missed that one, nicole. i don't know if people are still

. >> this is actually something that we got on etsy. we'll explain a little later on -- >> is that a sock puppet? >> and whether etsy is a takeover target. >> that looks like a sock puppet. >> i can't wait to see this. trust me, it's all yours. >> thanks guys. "fast money" starts right now. live from the nasdaq market site overlooking new york city's times square. tim seymour, steve grasso, dan nathan and guy adami. the massive addition of global subscribers has investors so excited to the tune of 12% in the afterhours. san dusk missing on earnings and the stock is taking a hit. and the ipo for onloon marketplace etsy pricing moments ago, 16 bucks a share. top end of the range. we'll bring you the latest headlines plus someone who says etsy could alreadiy be seen as takeover target. netflix trading at an all time high. it's all about the subscriber numbers. those were both beats and also reed hastings talking about retention as being a key driver for those numbers being so high. >> and their core argument was the unbundling is very good

now etsy is going public. now etsy is going public.ies could help make it more attractive to wall street. it charges $.20 for each listing. the more transactions, the better. etsy declined to comment on the policy changes. if these changes are common, to the lead up in a public offering, even if it means offending customers. >> companies need to evolve. those that do not, will be left behind in a world that changes around them. the trick is to do it in a gradual way, or way that does not offend your original thing. base. i think if a company changes to quickly, it could have an impact on the current customer base. leslie: as a team meet up, sellers have mixed reactions to the ipo. some say this is just part of the price you pay. to be a larger part of the ecosystem. but rick left the site when the changes were announced. rick: for a site that claims to empower crafters, i did not feel it was doing that. leslie: some see it as an opportunity. they have started a campaign to build one point $5 million and create a stake in the ipo. they

etsy which launched as a small company ten years ago, now has an estimated valuation of well over $3 billion. nbc's rehema ellis has our report. >> reporter: bill mowat and his wife started their company a-heirloom, making cheeseboards in the shape of states and selling them online four years ago. >> there's a bit of nostalgia, and it's a useful item. it becomes a conversation piece. >> reporter: and the personal touch is a moneymaker. up to $45,000 a month, double that during the holidays. >> it's important that we have a lot of control over the quality of things and what kind of materials are being used. >> reporter: their small business is taking off with the help of etsy, the online marketplace founded ten years ago caters to artists selling vintage and hand-made arts and crafts. from leg warmers to glass-blown ornaments. now with a wide reach etsy has more than 1.4 million sellers, attracting nearly 20 million buyers with sales close to $2 billion last year. today the company that prides itself on having a majority of its sellers work from home made a big business move and went

and let me comment on etsy.ree the current valuation is quite rich with about a 20 times revenue multiple. you have here. the company needs to grow significantly to grow into these kind of fundamental multiples you see here. the real winners here are the private investor who is came in a couple of years before going public. the losers you could say are the public investors that are now coming in at a very fully valued company and have to wait a significant time until that can appreciate to much higher values. so for us, you could make a statement -- two to three years before and what are the valuations there. and how these companies are valued there. >> you could make the statement that you made at the very top of the interview. probably about every single late-stage company save for a couple. a few that have tremendous valuations, $30 billion, $40 billion without having so much as a penny of even revenue. forget earnings. >> well, a lot of them have revenue. don't underestimate the revenue. the question is what

etsy just incredible. it did help to have a very loyal set of community that was involved in purchasing shares in the ipo. virt u will pay a big percent and party city i think investors were impressed by the expected growth there. >> and let's talk about if you are the average retail investors with a longer horizon and you want to get into the ipos, you've given us three bullet points before you take that leap. you take a look at revenue and earnings correct. >> certainly. and now we're talking about an individual stock. so here you have to be very careful. and would say the -- i would say the first thing is be careful about story stocks. look at the company and make sure it has revenues and if no earning, at least some clear path to earning so starting out by saying avoid story stocks and look for the earning. >> and how much of the portfolio you put into an ipo can be critical correct? >> yes. we would highlight that you should not bet the ranch on any individual stock. certainly have a diverse potential

etsy. vert u. look at these numbers. etsy, 34%. party city, a gain of 20%. vertue financial, seven quarters percent. and can party city hold on to its gain? the ceo of party city on how he plans to fly as high as his miler balloons. goldman sachs crushing it. only one stock soaring at this hour. look up, it's a bird, it's i plane. it's a mailman now in custody. (?) we're finding out how on earth a postal worker flying an essentially homemade contraption penetrated the secure air spaces in the world and lived to tell about it. an faa official joining us on what went wrong and what needs to change to prevent it from happening again. with the worst outcome. let's start the "countdown." it's the last hour of trade. ♪ liz: we begin with breaking news. it's a retailer that has managed a very strong ipo. party central. ceo james harrison with us in just a moment. from handmade necklaces to cutting boards in state shapes, etsy jumping. peter barnes on the stunning news out in the last hour. the astonishing rise in e-cigarettee-cigarette use among teenagers. what the

rehema ellis, nbc news, new york. >>> elsewhere on wall street today, a great day for etsy, but a down day for the market overall. all three major indexes finished slightly in the red. >>> a lot more news still ahead on a busy thursday evening including the new warning tonigh doctors about the risks of snoring and sleep apne do they contribute to memory loss and possibly even dementia? >>> also a warning that will warm your heart. a brave little boy a a loving father asking for help to wipe away his tears. you won't believe the response they got. tears. you won't ♪ bring your vision for the future to life. for more than 145 years, pacific life has been helping families achieve life-long financial security with innovative tools and strategies. talk to a financial advisor to protect your family and plan today. pacific life. the power to help you succeed. pacific life proudly presents "humpback whales", a whale-sized movie for giant screen theaters. fact. every time you take advil liqui gels you're taking the pain reliever that works faster on tough pain than extra strength tylenol. and n

etsy is about half that. if you believe etsy is going to be the next ebay of sorts, that is the room to grow, right? >> i think there is room to grow. competition aside, any investor coming into the ipo today needs to be paying close attention to how well etsy is able to use the proceeds from the ipo and begin to drive toward profitability. ultimately, companies need -- amazon wraps is the notable exception. anyone coming -- applico's attention -- anyone coming in now should a close attention. erik: what are the warning signs? between now and the income -- stephanie: [indiscernible] erik: i'm a realist. what do you do see and what should you not see? >> anytime you're investing in an ipo, look at the second and third quarters after they go public. the first quarter is a must always in the back. the investment bankers who bring a deal unless it is like a box which had come to market when it came to market, they're going to make sure the first quarter numbers are going to be hit. don't look too closely at that.

especially etsy almost doubling.ahead of the rest of the earnings season and the big one, the elephant in the room the energy sector is still to come. >> absolutely and overall that will certainly pull down the session but you're right the other part of the market could have done better. oil prices let's look at them. they allied over the last couple of weeks on wednesday. wti closed at the highest level for 2015 but given up a percent or two. it's giving up 56.1 to wti's brent 63.4. >> and it surged in the month of march. let's give you a run down for this trading day. march cpi at 8:30 a.m. eastern. they increased modestly last month. right before 10:00 a.m. we get a report on consumer sentiment and ge. fresh off it's big announcement. most of ge capital reporting earnings before the bell. >> indeed. that's all we have time for today here on worldwide exchange. squawk box is coming next. >>> good friday morning. rolling out a new plan to let customers pick their own channel bundles. it's a move toward alacarte prog

it's valuation day for etsy.rketplace has been losing money as it gains customers even so ahead of the ipo. they might be look at a high end valuation of more than $1.7 billion. julia takes a crafty look at the numbers. >> thatit's another e-commerce company and a place to sell goods around the world. the brooklyn based company giving 1.4 million sellers a platform and tools to connect with nearly 20 million buyers. the company says it's mission to to reimagine commerce giving them the ability to find buyers for products like a tuxedo cat scarf or cinderella dress. how does etsy make money? they charge 20 cents to list a single item for four months. if the sells the company take ace 3.5% cut. etsy also charges for promlacement in search results and payment processing and shipping labels. in 2014 they generated $196 million in revenue. up 56% for the prior year but the net loss widened to $15 million from a loss of about $800,000 the prior year as the company invests more in marketing. at the high end of etsy's pr

etsy pricing at $16 a share. the top end of the range.luing the online crafts marketplace at $1.8 billion. now unlike other ipos they're setting aside 5% of its shares for individual investors including sellers on the site. it will trade on the nasdaq today. to learn more about the company, julia filed this report. >> etsy isn't just another e-commerce website. the 10-year-old brook lib based company wants to reheimagine commerce. it gives a platform and tools to connect with buyers. selling a handmade felt fox and cinderella dress. they charge 20 cents to list an item for four months. if it sales the company takes a 3.5% cut. they also charge for placement in search results for payment processing and shipping labels. >> these guys are focused on a niche that is growing very nicely. it should be a lull bit expandable. the reason their value crew wagsation is not quite as high is it is a smaller company but i like the growth of the company. >> etse is the biggest ever ipo of a certification for companies that meet certain social and enviro

it will be a big day for ipo's with etsy and virtu and party city.raced to 106 and $70 million. pricing shares at the top of the range. -- raising $267 million. i am not a big etsy sand. i am not a huge handmade craft person. but why so high in pricing? report of a is the big question. they were coming out at a big premium. -- report bank -- reporter: why so high in pricing and that's a big question? one of the answers i've been given is the idea of scarcity and will not see many tech ipo 's/ there have been 7, about 1/3 of what we saw last year. consumers want to growth. other people are looking at this and saying etsy has a good chance of getting acquired. if we buy any premium and now is they ebay takes it over, we could get a premium on top of the premium. that is pure speculation. betty: it sells i.e. that is at the list of that could acquire etsy. leslie: mainly because it plans to spin off paypal. paypal has been the source of growth for ebay. they can look at and see that has a similar model -- etsy that's a similar model. and they can see th

party city and etsy. big gains across the board for those three. etsy just going nuts today. doubling from its $16 price. we'll have much more on all three of these stocks coming up and track how they close in this final hour of trade. >>> talk about firing on all cylinders, guns. they're controversial. they've also been a big winner for investors. did you know smith & wesson went up nearly 60% alone? we'll talk about if you can still get in and make money on the trend. >>> more questions today about how that florida mailman who was ang gr i withry with d.c. lawmakers flew a aircraft into some of the most protected airspace in the world? just how safe is the heart of our federal government? this has opened up a can worms. we'll try and get you some answers on those key questions. >>> all of that coming up. here's where we stand in the markets right now. the final hour of trade on this purse. the dow is up 28 points. gains of .1% across the dow and the broader s&p 500 which just added about two points. 2108. nasdaq struggling to stay positive, barely doing so at the moment. it

how does etsy make money?rges 20 cents to list a single item for four months, if it sells, it takes a 3.5% cut. etsy charges for prominent placement in search results, for payment processing and shipping labels. in 2014 etsy grew revenue 56% to $196 million. but its net loss widesened to more than $15 million. from a loss of $800,000 the prior year. as the company invested more in marketing. now etsy says its mission is to reimagine commerce. it's the biggest-ever ipo of a b corp. etsy earning that certification for meeting social and environmental standards, kind of like lead green buildings by composting and setting aside 5% of preipo shares for its vendors. the ceo writing in the s 1 quote i believe that etsy can be a public company that intel grates concerns of people and the planet, the present and the future, profitability and accountability. other preipo start-ups including warby parker and honest company are jumping on corps, consumer demand to capitalism with a conscience. a key example of the growing

etsy. vert u. look at these numbers. etsy 34%. party city, a gain of 20%.rcent. and can party city hold on to its gain? the ceo of party city on how he plans to fly as

etsy is getting ready to price its ipo after the bell today. at the high end, the company would be worth $1.7 billion. so another possible possible hot ipo in the cards if this thing gets all the attention they hope they do michelle bill, back over to you. >> we'll talk about that more. right now, dom, should investors be shopping for etsy stock once it goes public? >> we have a bull and a bear. our bull is brian hamilton from sage works. james gehler is our bear from rapid ratings international. he says its weak profitability makes it risky. >> brian, i always thought you were crafty. is this why you like it? what's at traction here? >> how often do i get on this show, bill in the last two years and say a tech company is a buy. this one i think is a good company. they've got good growth. james is going to argue about the profitability. i agree with him but remember they have positive cash flow from operations. and cash is king especially in the tech sector where most companies are not generating positive cash flow. a good niche market they sho

>> reporter: etsy isn't another e commerce website. the 10-year-old brooklyn based company says it wants to re-imagine commerce. its marketplace gives 1.4 million sellers a platformer and tools to connect with nearly 20 million buyers selling products like a tuxedo capped scarf, a handmade felt box and a cinderella dress. the company charges 20 cents to sell the item for four months. it charges for prominent placement and shipping labels. >> these guys are basically focused on a niche that is growing very nicely. it should be a little bit expandible. the reason their valuation is not quite as high is because it is a smaller company. but i like the potential. >> reporter: etsy is the biggest ever ipo of a b corporation a certification for companies that meet certain social and environmental standards like leader is citi if i occasion for green buildings. they want to change the way the global economy works by empowering entrepreneurs. the company compost food waste at local community farms, offer employees used bikes and maintenance and

it plans to go public on the nasdaq under the symbol etsy. which spells at sea. -- etsy. amazon testing a new service. the user can order laundry detergent or coffee simply by pushing a button. arkansas is about to enact its so-called religious freedom law, just like the one causing controversy in indiana. the arkansas passed the bill and the republican governor says he will sign it. indiana's governor urged the state legislature to clarify his law. opponents say it legalizes discrimination against gays and lesbians. parents spoke in indianapolis -- pence spoke in indianapolis today. gov. pence: after much reflection, i have come to the conclusion it would be helpful to move legislation this week that makes it clear that this law does not give businesses the right to deny services to anyone. cory: the major backlash from this, governors have banned nonessential employee travel to the state. and tech companies from apple to salesforce have spoken out loudly. i spoke with the cofounder of earlier cloudera. , it has pulled out of a data conference in indiana. also, oracle an

what was it like on the road with etsy and party city?ouglas cifu: we spent 11 days trying to catch etsy and party city. we bought cat socks and mullets from etsy and party city. leslie: a trio of great debuts. douglas cifu ceo of virtu. thank you. mark: thank you both so much. coming up exploring this question, what's worth more venezuelan bolivars or $20 bill. guy lebas on why he is concerned about bond markets. tom brady and his wife, gisele punch in. that anymore when "bottom line" continues in a moment. ♪ mark: check out the latest edition of bloomberg "business week." the cover story on hillary clinton's campaign. you can read it on the go with our business week app. welcome back to "bottom line." if you are living in venezuela and you go to the grocery store you might need to leave your wallet at home and carry cash in bags instead. inflation is soaring and the currency has depreciated so much that locals need to carry more bills for everyday purchases. following this story and joining me in studio. what is happening to the currenc

she sells them for $50 a piece on etsy.as the perfect platform, they were doing their part to elevate the experience of handmade. leslie: that is until etsy became more corporate. it allows sales to slip. the new policy has made it harder for consumers to find her pillows and compete. leslie: why not use a manufacturer to compete? rebecca: the sellers have connections to their pieces. at the end of the day, it is a business. leslie: it was founded five years ago. a copy attention of big-name venture capitalists. over time, success bred conflict, they rejected any stray from the company core values. now, at sea is going public. and the new policies could help it be more track of 2 wall st. it charges $.20 for each listing. they declined to comment on the policy changes. if these changes are common, in the lead up to a public offering. even if it means offending customers. >> companies need to evolve. those that do not, will be left behind. in a world that changes around them, and when they check out their market the trick is

i know you buy stuff from etsy. i don't get etsy. i really don't get virtu. high frequency trading.iz: making money hand over fist. they have a lot of cash flow. >> that is what scares me. they never lost except once. i never trust anybody who never lost any money. i do understand party city. i can relate to it. when gary talked about warren buffett, buy something you should understand. etsy, i suppose if i bought their products i could understand it. by virtu, would not go near with it with a 10-foot pole. liz: mylar balloons we understand. not a lot of people believed in netflix five years ago. the stock soaring to all-time high posting strong subscriber growth here and internationally. one analyst raised his price target to $900 per share. the stock is only 562. is netflix a buy, sell or hold right now? adam just at the point where everybody says this is awesome makes me start to wonder. >> makes me wonder. maybe netflix is little expensive. the jon lovitz, character, when my girlfriend more gag fairchild. $900 might be high. netflix is projected to have 60 million subscribers in

. >> for a couple of reasons, much of etsy's traffic is or beggani. they do not rely on search engines to bring them traffic. amazon is trying to go local and trying to attract some of the same types of people that are on etsy, but that neighborhoody feel is the reason some may not want to go to amazon. as they move towards international, how successful will they be? they have got to show that they can grow to keep up with that. this is the type of ipo you tend not to get your hands on. etsy needs the money. >> you like this company? >> i like it. 56% revenue growth last year. if it goes out at 1.2 being, if you look at ebay, ebay trades at about 4 times. ebay is only growing 5.5%. if it comes out and trades up 30 or 40%. i would be nervous. but there's a big growth story and i think culturally it plays into the times with handmade goods and a artisanal alternative to amazon. >> once the first trade happens it's too expensive. >> i remember twitter went public and then it rationalized a bit exit's a different stage now. etsy we could see the same thin

etsy starts trading today on the nasdaq starting at $16 a share.ow worth $1.8 million. >> popcorn ornaments. >>> 15,000 low wage workers marched across the country demanding at least $15 an hour. these are workers in fast food and retail and home health care. in the last several months like mcdonald's and walmart raised wages to $9 or $10 an hour. they still say it is not liveable. >>> now a heart breaking story of student debt. when we met her, she said she could not make payments on the $54,000 in student loans without her dad's help. her father co-signed on the loans and died on active duty in afghanistan. hours after cnn money told her story, the survivor network moved quickly to erase every penny of that debt. >> i was at my desk on the phone and tears were coming down. is this really happening? now i know i have to work on my credit. you know so i can do the things my father taught. >> he wanted her to have an education. he co-signed the loans. for the first time since she lost her dad, she wanted to buy a house. it believes no child of a vet

that means etsy raised $267 million. etsy starts trading tomorrow on the nasdaq. and a high-frequency trading firm is set to price its ipo at $19 a share, at the top end of the range, according to a person with knowledge of the matter. the company is raising about $330 million. the ipo was delayed last year after a book claiming -- claimed high-speed trading was reading markets. now to the lead -- in europe google faces the biggest threat to its business ever as the eu slaps the search giant with a formal antitrust complaint. how did it come to this? it all started five years ago when the eu began investing search practices after rivals like microsoft and expedia complaint. google tried to settle three times to no avail. now the eu has filed formal charges called a statement of objections, accusing google of being anti-competitive and abusing its dominant. specifically, they claim google favors its shopping service over its rival. when you search for a lap top, google shopping results come up first and are prominently displayed. leading the charge is the eu compet

etsy has profits. etsy selling 16.7 million shares. find the deal quizzical, another one of those words you do if you're an ambassador of good faith, the ceo in a town hall two years ago said the company's profitable since 2009. the problem is the prospectus shows operating losses since then. i find that quizzical. i do homework. shows x, not profitable. >> right. >> what do you make of that. >> i think chad dickerson is a great name. >> my daughter sold pillows on etsy, i'm a size buyer. my daughter good sales on etsy. she sold seven pillows, huge. the three the year before. 120% gain. >> rooting for them. brooklyn-based business. >> largest market cap company out of brooklyn. >> no bar san miguel. >> which is in early stage funding. >> i could come public we're profitable. that's the big difference between my company and their companies. plus we're growing, because we have the back of the patio opened soon. imagine the numbers in terms -- >> it's 51 degrees today. >> i don't do this but i'm going to upgrade bar san miguel. >> hold to

etsy cells making iraqi news online. that is what they do.hat stock price doubling tells a story. >> it does. what they need to focus on is whether -- i bought a fascinated her for the kentucky derby this week. they need to make sure that they keep those sellers happy and keep them in their marketplace. that will be paid for etsy in the year to come. they are making a lot of money. i don't think they care what you call it. stuart: case closed. thank you very much. always a pleasure. a story everyone is talking about today. a gyro copter. landing on the capital lawn. >> a gyro copter, what is that? the man accused of landing a gyro copter on the lawn of the capitol. take a look outside. the scene captured by a very nervous woman on her phone. watch this. >> this is not good, people. no it is not. doug hughes. a mailman from florida flying a small aircraft. he wanted to deliver mail to every single member of congress. he even told his local newspaper about his plan. homeland security secretary says he flew literally under the radar. they were c

have you ever bought anything off of etsy?ter to smaller handcrafters, who are worried that it will raise their costs. scarlet: and bring in other merchants they do not want to compete about. alix: exactly, you just heard leslie picker talk about 80 takeover not out of the realm of possibility. scarlet: whether it is along the line of an amazon, an ebay, or a google. we will see. alix: all right, scar, thank you so much. in many cases, back to sports layers go from starring to failing in the financial arena. a recent report details the recent struggle of nfl players, and there is a substantial finding based on about 2000 draft of nfl playe inrsrs that indicates one in six pro players go bankrupt. i'm joined by david meltzer, author of the best-selling book "connected to goodness," as well as nine-time pro bowler and pro football hall of fame inductee warren moon. guys, thank you so much for being with us. david: thanks for having us. alix: warren why does this happen? warren: a lot of reasons. some guys think it will last fore

party city and etsy. big gains across the board for those three. etsy just going nuts today.ve much more on all three of these stocks coming up and track how they close in this final hour of trade. >>> talk about firing on all cylinders, guns. they're controversial. they've also been a big winner for investors. did you know smith & wesson went up nearly 60% alone? we'll talk about if

shifting to the fc ipo -- at etsy ipo. a new challenge, how to stay true to itself. joining me now to discuss is katie, a bloomberg columnist, and alicia schaefer. what do you think? up 90% today. what is your reaction? >> we will see how it plays out. i'm excited to see what it will mean for us and being able to get additional support frometsy as a business. it will be interesting to see how it plays out. alix: a history of operating losses and we may not achieve or maintain profitability in the future. at what point do shareholders say no thanks? katie: wall street will want to see a lot of interest in the platform and growth. people will be happy as long as the numbers continue to go up. eventually, they want to see profitability. alix: it could be a takeover target. how would you feel about that? alicia: no matter what they still will have the core of what it is, handcrafted goods, a marketplace for vintage and supplies. even if there is a potential takeover from ebay, some amazing things ebay offers. as a seller it wo

i don't agree with the business proposal of etsy.on't think the company agree was their own business proposal. they don't sound confident. party city sounds like the one with the best chance of being successful. >> listen, i have a personally etsy i think could be actually a really good name except for the fact it went up to 87%. mrs. b.k. is basically a whale on there, buying everything as part of her business. up 80%, can't buy it. given those three i bpick virtu. >> guy, do you like the sock puppet? >> i don't want to see party city. virtu because we ran into all the cats that are running the place out in the foyer of the nasdaq. >> foyer. >> leverage. >> fancy. >> coming up next, ben bernanke has a new hedge fund job and it's causing a stir on the desk. find out what the traders have to say about bernanke's new gig. that's next. help northern china reduce its reliance on coal fire heating plants and prevent 60 million tons of co2 emissions? when emerson takes up the challenge, it's never been done before simply becomes consider i

. >> etsy is launching it's roadshow today.an to sell more than 16 million shares for 14 to $16 each. etsy has 1.4 million active sellers and nearly 20 million buyers on the nasdaq. >> let's stick with tech. amazon launched a physical real life one click ordering button called the dash button. yes that's right. it lets prime ministers reorder items just by pushing the button. it's connected to the app by wifi and is tied to specific brands such as tide detergent and raisezors. if button is free for now but on an invitation only basis. is this april fool's joke. i'm not so sure. >> i think it is. that would be too easy. >> how does the button know what you want to order? >> maybe you can put your request online and then hit the button. >> i would be too gullible. maybe it reads your mind. it is amazon. they're capable of anything. take a look at the stock. it's a come back year for amazon shares up 34% in today's trade. down 1.5% in frankfurt. now the brazilian was one of the most important currencies. the president is strugglin

and etsy is web site you can make mostly hand made goods from artists. etsy is listed as b corporation which balances for profit with stated socially conscious mission. >> "star wars" fans are analyzing every frame of the newly released movie trailer tonight for 7th episode in famous franchise called the force awakens. at the california convention it debuted today it brought people to tears of joy. the trailer shows familiar sights such as darth vader's helmet and x wing fighters and new character cloaked in mystery. but no jedd eye mind tricks were necessary to realize original fan favorites are making a try up at that point return. >> chewy. we're home. >> since disney is parent company of 6abc we've been able to poing the full trailer on our web site at 6abc.com, the film hits theaters on december 18 and that will be no small debut. >> and you have eight months to analyze that trailer over and over and over again. >> there are people who will do that. >> i'm sure they will sure they will. >> accuweather forecast. >> good thing to do on a rainy day. we

list on nasdaq under the symbol etsy. that's smart. morgan stanley jointly running the deal. >>> who pays the biggest share of taxes in america?l tell >>> here's what to watch tomorrow monthly auto sales for march will come out. expected to be pretty good. world's largest retailer walmart hosting investor day. steve liesman told us earlier in the product adp's report on private sector growth out before the opening bell and that folks is what to watch tomorrow. >>> april 15th. we all know that date. it's time to pay uncle sam. but a new report shines light on who is paying the bigger share of taxes, individuals or corporations? hampton pearson has more. >> reporter: as the 2015 tax filing season enters the home stretch, a new congressional report shows taxes paid by individuals last year reached their biggest share of the economy since before the financial crisis and the great recession. but taxes paid by corporations are declining. here's what the joint taxation committee found. 2014 individual tax receipts total $1.4 trillion or 8.1%

in february we told but etsy entrepreneur alicia schaefer from livermore.sell her hand made clothing. the site helped her average $75,000 in sales a month. >>> the founder of gopro is the highest paid executive in the united states. nick woodman's compensation package is worth over $284 million. that's thanks to a stock option. the san mateo company's best known for its cameras used to capture extreme sports. he received 4.5 million shares just weeks before gopro went public last summer. >>> friendly skies are about to get friendlier. united upgrading its food. wow. starting in june, coach passengers, that's right, all of us, on international flights will get three-course meals including turkey meatloaf and stir fry vegetables. or is it turkey, meatloaf and stir fry vegetables? doesn't matter. they will also get free wine and beer. american and delta already offer an open bar on international flights. >> turkey meatloaf. i can't hardly weight. >> or turkey and meatloaf. >> either way. we'll find out. >>> getting ready for royal baby mania. >> the preparatio

. >>> and later, etsy's dilemma.an a company dedicated to business keep it up when it has profit-minded stockholders to satisfy? you're watching "cbs this morning saturday." >>> we have got all sorts of interesting stories ahead, including the yankees fan who is walking from florida to new york for a very good cause. >>> and it is royal baby watch time again in britain. anthony, stop holding your breath, it's finally here. >> leave me out of that one. we'll be right back. you're watching "cbs this morning saturday." >>> this is cbs-3 "eyewitness news". >>> good morning everyone, i'm nicole brewer. police have found the suv they say was used to run down and pin a woman to the front porch of her home. this is video of the vehicle found on the 6,000 block of america vine st. in fernrock. investigators say, a love triangle boiled over into an attack so violent it, claims the victim's leg. the driver is not yet in custody but police say this person is known to the family. >>> now, let's get a check on the forecast going t

the challenge will be for etsy to keep sellers happy while building scale for investors. investors have 62 million reasons to be excited about netflix that is the number of global subscribers the service boasts in its latest earnings report. the international growth has yet to result in additional profit. international streaming has actually cost the company $160 million in the last year. also costing the company is piracy which the company said is a long-term threat outside the country. "bloomberg west" editor at large cory johnson is here. and from arlington, virginia martin is here. he has raised his target price. wire use a positive? -- why are you so positive? >> people are loving netflix. we did a consumer survey as netflix was going into earnings and it is telling as people use netflix as much or more than tv. if you are a netflix subscriber 49% say they watch netflix more than they watch tv. 57% if they had to choose said they would choose netflix ever pay-tv. this is four and a dollar a month service. this argues that they -- this fo r an $8 a month service argue