maker could fall another 30%, because of growing competition and lackluster product launches, gopro you can see there that was a closing price on friday, stock down about 44%, this year sandra, and basically, the debate within "barrons" article was at this point go brother he can't come up with not guilty cool and new sycamores want maybe a playout target for apple, but one of the folks they interviewed said no way, apple would make their own technology, in-house they've got the cash this is all bad news for gopro. >> investors are ask it aboutish they say about the company ability to ward off competition saying endangering letters others enter the market for action cameras do you think gopro has something down the pike have not announced. >> i think a lot of competition down the pike with apple could come wut with anything camera here put it in

, they end up buying gopro. having competitors like sony helped us grow total reach. we haven't seen our market share erode. we have grown market share since sony has been in the market. and that's been for about four years. i think that other competitors, they have not yet made any end roads into gaining market share from us. we're doing very well in china. just last quarter was a top ten market for us. so from a dead start to that type of performance, we're really excited about. and if you looked at the past few years, it's not just sony we've been competing with. there's been a bunch of competitors that have tried to make end roads and all the while we've just seen our brand and our financial performance get stronger and stronger. >> i think as a result -- >> did you have another question? >> i think as a result of these kinds of questions, some people speculate that your best strategy down the vood to do some kind of deal. i'm curious if you have any conversations with anybody at apple or any other company f

a gopro on a selfie stick. you were right, gayle. >> my goodness. >> doesn't look like it's been there that long. still inside the case. i think that's going to be working when he gets it out. >> all this swimming around is making him thirsty. no problem. find yourself a bottle of gatorade. >> and it hasn't been open. >> see if it's any good. not too much mold. let's smell it. think we should taste it? it's pretty gross. >> doesn't taste great but he's not sure since he's never had it if it's supposed to taste like that. you'll like this one. >> the ring of power. >> exactly. he finds himself a ring on the bottom of the river and he says he promptly loses it. then how about some lunch. >> i hope his eating adventures are over. >> nope. because around here he finds himself some turkey. along with these -- >> it's a megapack too. >>ville to come down here for lunch more often. >> but he's not done we the amazing finds. under this rock he finds himself -- >> another gopro. >> and after that finds himself another p

some of the video recorded on a gopro. tourists kayaking around santa barbara found by shannon clark while she was snorkeling. the video was still good enough even after months under water and got busy on facebook. >> you just never know what those photos would mean to someone, so, you know, eighth a little effort on my part if i can give someone else the happenness of getting those back. >> get this, within hours of the story airing on our santa barbara station, the gopro owner was located. sabrina is very, very grateful this morning. >>> okay, so take a look at this. near orlando, florida, a monkey named zeek had his neighborhood on high alert. he ran around reeking harmless havoc, tung hung out on a police car, swung on a sign. there you see him eating mail on a mailbox. while police tried to catch him and zeek simply jumped right into his owner's arms. for that on camera fight between two teammates from the washington nationals. jonathan papelbon will be out for the rest of the season for grabbing bryce harper by the t

although what doesn't make sense is how does a gopro come off a drone? >>> a retirement village was served in australia because they were hearing the pitter patter of something up above. so she called sunshine coast. they evacuate. snakes and other critters from conspicuous places in people's homes. >> did you say australia? >> yes. >> worst job in the world. go find out what that is up there. no, actually. nah. >> all evil animals on earth, everything's poisonous. everything wants to kill you. >> he's going up there. you see that right there? >> it's a monitor lizard. >> it is a lace monitor. richie's, like, let me crawl over and get this little creature. once he grabs him, you can hear what the people living there heard when it starts walking across the ceiling. >> that's how ghost stories come up. >> a freaking monitor. >> once they put it in a tub, they're going to take it and release it. before they do that, they want to give it some water because it's been up in that hot attic for quite a while. >> you can tell he's australian. >> yeah, finally the

granted gopro has take continue to the next level but even gopro knew when they went public they stressedmore than just the camera, it was the media. when you look at the media side of things their website traffic peaked last december and has been going town. there's somebody else out there that already does t i don't think google wants to sell youtube so i don't think you are going to see success in the media area forego pro and that's a lot of what investors were buying into after the achlt r ipo. i do think this is going to end up being a one time pony. >> this reminds me what people have been saying about those wrist bands. >> fit bit. >> the fit bit that you wear, that that's a one trick pony but yet that stock keeps going up and there are those who feel like it's going to diversify, come out with new models for different applications and i think gopro has the same idea, don't they, chris? >> i think to some degree, yes. bill, let's also take a wider position here and look at t i think there's something bigger going on which is the ipo status, whether it's fit bit, which is kind of f

that's what barons now calls gopro.he ceo nick woodman today he did not think that was a fair or accurate criticism. >> you know, i've been hearing that for 13 years since i started gopro and i think that we've done a terrific job of growing an ecosystem of products that helped the world capture and share itself like never before. to say that we are a one trick poniy a short sighted. >> reporter: one other concern you will hear from some investors about gopro is the competition that company faces in this space, in this market, but when i asked woodman about that he clearly isn't worried. >> when sony goes on ad at best buy, for example, we sell more products because sony drives more customers into the store, but gopro being the brand leader when those customers come into the store and they see our merchandising they end up buying gopro. so having competitors like sony has actually helped us grow total reach and we haven't seen our market share erode. >> reporter: now, gopro there's sometimes rumors about this company, k

>> let's trade gopro because ambarella's trading 82. gopro, if you look at the last quarter it was a pretty significant quarter. i thought it was a great quarter. and the stock acted in kind. then the market got in the way. tim's been all over this. what does it mean now? to me it means the $37 low we made back in march is spot in the crosshairs. i think if it gets there, holds, you buy it for the bounce. >> by the way, this is a new low for gopro, down 55% from all-time highs. >> i think you have to lean on it. i would not necessarily say you have to short it here although i think it stock is going to fizzle on its own with a very high valuation. a lot of good news. it's a long way away from the holiday season in terms of what numbers we're going to get out of these guys. i think the stock changes at least with a 3 handle, possibly all through. >> i wouldn't cutch gopro all this point. >> how about ambarella? >> ambarella looks like it's caught between the 100 day and 200-day. it has to stay around that 200-day, which is 77.68. it has

. >>> gopro kicking off our top trades tonight. the stock falling 5% tonight on the back of supplier ambarella's earnings call last night where management called for weak demand for wearable chips this quarter. also raymond james cutting its price target on gopro to 50 from 71 but the firm is keeping its outperform rating on the stock. what is more troublesome about ambarella's guidance was for the third quarter it was down year on year but it was also down sequentially, dan. >> those were the two big issues and i would also say piper had a massive revenue cut in the fourth quarter. also here in this name. ambarella's been one but gopro's been the one that we've been really focused on. this is the one you think there's this massive secular shift or some people do and then the potential for this media valuation. i don't buy any of it to be very frank with you and i think a lot of the products they've been hyping, a lot of the products it took the stock up above 60 very recently are not going to be anything that we see in 2016 number

. >> wait until you see what he did in the name of a gopro contest. >> straight for it. >> oh my god,'m shaking. >>> and a kayaking adventure that will make you think i want every kayak from now on to have a glass bottom. the unreal encounter next. >> that was a serious drive by. >> imagine the indescribable joy of winning $7,000 a week for life. that's right. now you can win $7,000 every week for the rest of your life. with the new specter life prize from publisher's clearing house. ♪ ♪ all the goodness of milk. all the deliciousness of hershey's syrup. squeeze. stir. share. >>> some people just cross the line. there are habitual line crossers and one of those is this man and his line is seen as one of the best in the world, part of the gopro the world's best lying contest brought to you by pink bike. as you're about to see he's taking a line i don't think anyone would have ever thought of really taking because that would be crazy. so we're attached to his helmet on his bicycle. he's at the top of what looks to be a reasonably steep hill. as he storts mafg to the edge she realizes ho

and buy or sell gopro? there was nothing saying weak witness gopro just no upside.got to tell you. two things gopro got a downgrade. i am so sick of wall street downgrades on gopro. they hate this stock. they have been 100% wrong but every other week someone downgrades it. last time they reported by 114%. one day they might miss earnings. i don't know but i think both of those stocks are significantly over sold. shaw said interesting oil went up with iran deal in the bag. short-term pop you think? not short permanent pop. there's an old axiom on wall street. buy the rumor. sell the news. this has been a rumor for a while. let's face it. we were hoping against hope perhaps? that someone in congress was fan up and said we should not give iran nuclear weapons. we should not give iran $150 billion. unfortunately, not enough people did that. they didn't take the stand. great move on oil. we were 43 at the low, 46 on the top, you want to own some oil stocks, i'm telling you right now. jim asks if you have a little bit of cash where would you park it? in cash. not trying t

gopro. raymond james. this is for you.e price target to 50 from 70 and they do a read-through, say, amber really lasses they're not coming out with anything. it's done. >> they beat -- the bottom line beat the topline. they say going forward we don't think we have any new product launches for this particular year. they read that as, okay, gopro is not refreshing the product in time for christmas. that's why ambarella is down. most of that justing to the new market multiple and growth. that's a pretty big hatchet. when they took it down, it hardly left any upside. gopro, i'll rather by ambarella. >> doc, clsa upgrades win even though they're pretty negative on it. >> the numbers are as about as bad as they can get. >> ongoing pain is the headline of the note. >> you look at 15 consecutive monthly drop in handle at the tables and macaw just terrible. this is a brave call by the analysts but certainly down around 70. some people were looking for it to be pushed to 65 on the move. i think maybe this analyst and others are gett

. >> wait until you see what he did in the name of a gopro contest. >> straight for it. >> oh my god, i'm shaking. >>> and a kayaking adventure that will make you think i want every kayak from now on to have a glass bottom. the unreal encounter next. >> that was a serious drive by. >> imagine the indescribable joy of winning $7,000 a week for life. that's right. now you can win $7,000 every week for the rest of your life. with the new specter life prize from publisher's clearing house. all the goodness of milk. all the deliciousness s syrup. squeeze. stir. share. yoplait. the smooth and creamy yogurt your whole family loves. yoplait original with no artificial sweeteners, no artificial flavors, and no high fructose corn syrup. line. there are habitual line crossers and one of those is this man and his line is seen as one of the best in the world, part of the gopro the world's best lying bike. as you're about to see he's taking a line i don't think anyone would have ever thought of really taking because that would be crazy. so we're attached to his helmet on his bicycle. he's at the to

the object of this video is how he got a gopro in a crocodilcro mouth.lieve they got the first video of a mouth closing around a camera. the crocodile went right for it. >> that's a great shot from a cheap gopro camera and a toy boat. >> and that boat isn't small swb but the croc goes right for it. they said they were able to do that eight more months. it was dragged under the water. at one time you see it with a string pulling it back. they didn't lose a camera. but who know that foam boat would be so intriguing? >> you saw that, right? >>> this is kyle. some might recognize him from wizard wars or "the tonight show." he just had his teeth removed. so he decides to try some magic. >> show you a magic trick. >> he forgets what's next. >> oh. pick a card. >> he forgets the pick a card part of his trick. so she picks it. >> yeah, i picked a card. >> but he forgets and loses it. and he's like, pick another card. >> everybody look at the card. >> he then has some slight of hand. pretty impressive. like the magician muscle memory. watch it. >> and it goes int

. >>> and shares of gopro fell after one of the chip companies that uses a chip for gopro said it was as many chips as it hoped and gopro won't have a new camera before the holiday shopping season. we talked about this before. risk that consumer electronics companies like gopro face. you got to keep introducing better around better models. because technology gets cheaper so you don't want the price to go down. you have to make it better. at some point people say the one i got is good enough. the only company that consistently sells its customers the same thing over and over -- slightly better -- and does it well -- got to be apple. >> interesting. >>> well, if you got one of these, you don't want to use it. workers are pulling thousands of moses baskets for babies from store shelves because consumer advocates say the baskets are dangerous. sleeping partners is recalling these baskets and the stands. the basket can slide off of it and the stand can tip posing a fall hazard for infants. there have not been any injuries reported so far. the products were sold at various sources. >>> turn

i said gopro does.his look like a marketing assault to cross a broad spectrum of media on the part of gopro? yeah, i think so, too. but it was pretty good. >>> from whales to bears, the bears spotted in the family's backyard in warren county, new jersey. a mama bear and her cubs fascinated with a strange, well, gyrating, unhinged object that humans call a hammock. the bear cubs couldn't figure out how to use the hammock as many humans can, but they had a lofrt fun trying, and the home owners they watched and recorded from a safe distance, as these cubs had a lot of fun with that hammock. >>> up next, divisions deepen in europe over refugees and the crisis that has ensued. aggression building up in syria, the obama administration refuses to call it a buildup. why should they? why should they acknowledge reality in any form? well, that response might be a little familiar to some crimeans for example. we take that up and much more next. stay with us. . lou: our next guest says we're witnessing a real europ

but the moment he snatched the gopro and made a run for it. >>> a zip line goes down.hy smoke in fact is not a good thing here. >>> plus the buzzword for your shot at a new ipad mini. >>> and a prankster hits the vegas strip looking for women -- >> willing to have a one night stand. >> are you guys looking for a one night stand? >> see if he gets some action or goes scoreless. >> would you be interested in having a one night stand with me? >> i would not, but thank you. >>> residents near moscow were concerned when they saw this man. he's on top of that balcony several floors up. that is an apartment complex. they called authorities. they were afraid this man was pondering suicide. but they needn't be worried because this man is an alleged criminal. eventually authorities do show up and you see him climbing all over that thing. he climbs on top of the balcony. he climbs into the balcony where it looks like he's going into the residence. finally you see this ladder being extended from the fire department and he realizes there's no place for me to go. how foolish do you

the gopro ceo brought home the bacon, $77 million in total pay.im cook guided the country's largest publicly-traded company, apple, and netted $9.2 million. and jamie dimon ran the nation's biggest bank, jp morgan chase, raking in $27 million. but from wall street execs to silicon valley superstars, how much stock should we put in the ceo pay gap? some reports calculate that divide at 330 times the median american worker. others, more like 216 to 1. are any of these studies accurate? well, here's one problem. robert daines: the ceo salary is usually a relatively small part of their total take home pay. sam: robert daines, co-director of stanford's rock center on corporate governance, hits on a really important point. ceo salary isn't usually that high. the bureau of labor statistics says it's about $180,000 a year, which is roughly 5 times that of a typical worker. elon musk made $35,000 in salary in 2014. larry ellison made $1. robert: the vast majority of their pay is actually in stock options or stock that they get. sam: so, you can go by salar

way, apple would make their own technology, in-house they've got the cash this is all bad news for gopronvestors are ask it aboutish they say about the company ability to ward off competition saying endangering letters others enter the market for action cameras do you think gopro has something down the pike have not announced. >> i think a lot of competition down the pike with apple could come wut with anything camera here put it in something that you can wear, and you have competing product for gopro. you know as far as stock goes looking into christmas holiday, i do think around 29 dollar level is where you want to get interested, that is -- you know it will make a new low wash out and some stocks get elected in that regard i think 29, 28 there are a level where you want to look at the to being. >> never understood the valuation never understood the investor over this company it is jump a limited type of product with a very limited audience and a low barrier to entry, we are a nation that is getting fatter and so we are going to have this a booming market, in like extreme in extreme ca

and gopro, baron says it could go down another 25. keith, are you buying gopro at 33?n is the stating of the obvious, i don't think that gopro is a great investment at all. stuart: was it around 50, 60, $80 a share not long ago as i recall. now it's 33 and barron's which has -- gopro's all-time high was 98.47. it's languishing at 33. ashley: lack of new products, especially coming up on the holidays. what did you say, keith? >> probably worth 15 at best and there's an acquisition in there for somebody to buy the application. stuart: i'm shocked because we have given gopro so much free publicity with the videos. >> another 15%. stuart: lennar, okay, they've sold more homes at higher prices. therefore, nicole, the stock is a winner? >> those have gained 10% in the particular time period so the current quarter and the outlook, wowing wall street revenue and future orders. it pushes the stock up 2%. that's named in the area and on-line, pulte homes, hovnanian and kb homes. stuart: i think it's 10:00 eastern. >> 10 a.m. stuart: we get existing home sales part of the key num

and one stock i want to highlight, gopro.ou should attach one of the gopro cameras to the stock price and watch it go off the cliff. down nearly 6%. it's a six-month low, there are reports there are no major product upgrades for the holiday season, coming from one of its key suppliers, and because of that new, we see gopro taking a dive over the cliff. back to you. connell: i get it, i see what you did here. overall, have you been able, despite your british accent, you're a big american football fan. >> huge. connell: dow is up 220. have you been able to put together a fantasy team yet? >> i haven't, i am not doing it this year. connell: why? >> once you get involved it takes over your life. >> i agree, i agree. i'm giving myself a break. connell: i'm a silent partner, my son does the general managing. the important stuff, ashley, all over the headlines. see you past 5:00. we have a 220-point rally, that's 1.4%. i did that math myself, as we are moments away from the closing bell on wall street, looks like it's -- funny to sa

gopro is sinking, again, this is one we cover all the time.y provide us with all of that remarkable video. it's a company with just one product, that's a concern for some investors. 43 on gopro, down 3.50. and michael penta, all right, you're the guy, i remember you, you're the guy who said months ago, get out of stocks, get into cash, there's a big decline coming. you want to take a victory lap? >> well, you know, listen, there's only one god and it's certainly not me, and i've been wrong in the past. the situation clear, you have slowly u.s. gdp growth. and you mentioned the ism manufacturing data and that's slowly. global growth is slowing. the fed is threatening to hike rates into a slowing rate of inflation. that could be disastrous, when you take that into the context, the fact that the market is almost at a record high in relation to the economy and in relation to sales and revenue, it's a definite sell here. i'm looking for the s&p to go around 1600 and then reevaluate. >> we've got a new low for the dow industrials for this day. off 3

one of the chips that makes -- one of the companies that makes chips for gopro has had about quarter,nd people have interpreted that data to gopro and wearable cameras in general will have a tough third quarter. has lost 20%, and netflix down about 14. doubled year to date but netflix has lost 14% in the past week. at the top a look stories crossing the bloomberg terminal at this hour. french farmers are driving tractors -- this is a serious story, french farmers are driving tractors to paris to protest following prices and higher taxes. they are it acted to make the journey to the french capital. ministers meet in bristol -- brussels next week to discuss the crisis. here in the u.s. congress expected to start debating the iran nuclear deal next week. profits -- president obama has 34 votes in the senate, enough to sustain a presidential veto if they vote to reject the deal. theia: jeb bush calling for elimination of worldwide taxation of income. speaking at a town hall in new hampshire he says he wants to rewrite that would put a stop to corporate inversion. he says he will outline t

time to buy gopro and why a company out there might be looking to buy gopro as in acquisition. >> will you be wearing a gopro on your head? >> possibly. you will have to tune in at 5:00 to see. >> we want to see what you're seeing, that angle. we'll tune n melissa, thank you. "closing bell" starts right now. >>> hell loerks welcome to the "closing bell," i'm kelly evans at the new york city stocking exchange and im bill griffeth. oil prices dpaulg on the back of weak chinese data over the weekend and opec now saying these low price right side hurting u.s. oil production. we will take you live to the nymex. the price of crude continues lower and with it goes gasoline too. >> and with it goes the stock market as art was pointing out today, the dow is down 72 points at the moment. apple doing all right. it's saying this morning preorders for the new iphones were coming in strong. could the ipad pro be causing problems next quarter, that's coming up. >> plus there's the fed. the decisions impact on biotech of all places. we will break down how thursday's big meeting could shake up that sec

. >> coming up next gopro getting crushed. we'll tell you what was behind today's brutal midday 10% sell-off and if you should be buying right now. plus will yahoo! engage in the ultimate game of chicken with the irs and push ahead with the alibaba spinoff? the answer could determine the fate of marissa mayer. and later we've got five ways to profit from apple's big day without having to buy a single share of apple's stock. we'll tell you about that on a very busy "fast money." back after this. equals great rates. it's a fact. kind of like shopping hungry equals overshopping. dad: yeah, 20 something years now. thinking about what you want to do with your money? daughter: looking at options. what do you guys pay in fees? dad: i don't know exactly. daughter: if you're not happy do they have to pay you back? dad: it doesn't really work that way. daughter: you sure? vo: are you asking enough questions about the way your wealth is managed? wealth management at charles schwab. >>> welcome back to "fast money." shares of palo alto ne

a number of analysts have downgraded gopro. $54 a share.tephen engle is saying it will have a tougher q4 and 2016 because one of gopro's big chip suppliers had a very negative outlook or at least not a positive outlook or q3. that is a problem for those shares. those are a couple of tech stocks i wanted to share with you. i will hand it back to you. betty: thank you so much. my mother with a roundup of how the markets look right now. a little less treacherous. alix: yesterday was brutal. a look at the top stories of this hour. netflix now has its first foothold in asia. it has launched a streaming service in japan. to disrupt theng television industry japan away it has in the u.s. and europe. the company has plans to produce original programming in japan. it is official. former newspaper executive rebekah brooks will make a triumphant return to rupert murdoch's news corp. this comes a year after she was cleared of all charges in a british newspaper phone hacking scandal. betty: a new front in a battle with apple and lenovo. the titles mobil

plus, facebook launching 360 video and big partners like star wars, gopro and vice. can it compete with youtube? pebble with a new smart watch. we'll hear what the ceo has to say about taking on competitors like apple and samsung. in a moment. >> take a look at the markets. major averages down close to 1.5%. the dow losing 140 points. caterpillar, the largest contributor to that. that's despite durables, unchanged month over month, new home sales coming in better than expected, and jobless claims a bit below expectations. you can see how the markets are trading today. >> certainly. it letsz doctors check heart beak and continue to track it on the go. let's take a look at what's next for mobilized health care. >> quite a presentation with the apple watch in september, earlier this month. tell me what is the response and where are we going to be a couple of years from now with this type of technology where doctors can use a watch to monitor how a pregnant woman's baby's heart rate is doing? >> the reaction has been incredible on not just in health care, but people reac

a crew used a gopro camera as they drove. this is in the community of cobb into middletown. the smoke has reduced visibility. you can see the deaftation. -- devastation. there are a lot of empty lots where homes used to be. the only things left of some properties the chimney. homeowners will be allowed to go back and check for pets and see if there's anything they can save. amber lee has a report. >> there's an eerie desolation in the small communities avenue -- raff ashed by the fire. >> very tough. i don't know how lake county will cope with this. >> you drive through the city and a large portion of the town doesn't exist any more. it will be tough to come back. >> investigators are looking for the cause of the devastation. they are focusing on where the fire started near the toolshed in cobb. it sits on the property where the home is mostly unscathed. we know the fire started there because of the wind pattern and the 911 calls that identified where the start was. >> they ventured back to see what's left of their home and belongings. >> i had my motorcycle there, all burne

you know, these gopros, i don't want to sound like i'm endorsing anything, it's extraordinary what weese days. >>> up next, the largely self-funded campaign with legendary investor wilbur ross, i assure you he's self-funded. the wall street-backed hillary clinton campaign tackling, well, what else? campaign finance reform, who would you want to reform it? we'll take up the irony and the massive irony here next. stay with us. we're coming right back. . lou: on wall street today, good news, good news, everybody relax. stock prices surge more than 2%. the dow industrials gained 390 points, the s&p up 48. the nasdaq gaining 128 points. turning positive for the year to date. volume on the big board, 3 1/2 million shares. the wilshire 5,000 measuring today's gains at $575 billion to. naut in context, it was a good day indeed. >>> joins us billionaire investor wilbur ross, chairman and ceo of wl ross and company, one of the world's great investors and good guys. good to have you here, wilbur. >> good to be on, lou. lou: let's talk about first, these polls that are showing, showing donald tru

and gopro cameras are made to withstand extreme sports conditions and create amazing video.a very good thing for a group of friends in kentucky who did -- well, they enjoyed both. whoa. here we go. they were hoping to capture an epic jump on the atv, as you see there, it didn't work out quite according to plan, they set up the gopro but miss calculated the distance just a tinny by the and there we are, the atv landed on the camera traveling 130 feet. fortunately the camera survived the impact and more importantly so did the individual. up next, a few thoughts on the president's inability to deal successfully with our nation's enemies and adversaries and the white house compares phenomenon who else? pope francis. i'll take up the return of the narcissistic chief and stay with us. we're coming right back. much, much more fun ahead. stay tuned (patrick 1) what's it like to be the boss of you? (patrick 2) pretty great. (patrick 1) how about a 10% raise? (patrick 2) how about 20? (patrick 1) how about done? (patrick 2) that's the kind of control i like... ...and that's what they

i think it is easier to control with a gopro -- apple watch and gopro itself.k supports it -- this live photo, if facebook supports it, that is a huge teacher. there has not been a macintosh since macintosh. the question is, what is the next day curve? that is the $350 billion question really. mark: what about this, i don't know if you can call it a partnership, but yesterday on page at apple talking about microsoft, there were a smattering of boos, did that catch you by surprise? guy: you are talking to someone pe in the poke ip macintosh religion. ishink it represents microsoft will be successful, you have to be supporting office. that is the way it is. on the other hand, my perverse perspective on this is at some point, i don't know about the right words you want to use, but at some point microsoft copied apple for the uniface -- user interface. copied microsoft with the tablet. maybe the world is now back at the right equilibrium. is such anple incredible company for business school students because it was a growth company that lost it then -- lost its mojo

gopro as in acquisition. >> will you be wearing a gopro on your head?ibly. you will have to tune in at 5:00 to see. >> we want to see what you're seeing, that angle. we'll tune n melissa, thank you. "closing bell" starts right now. >>> hell loerks welcome to the "closing bell," i'm kelly evans at the new york city stocking exchange and im bill griffeth. oil prices dpaulg on the back of weak chinese data over the weekend and opec now saying these low price right side hurting u.s. oil production. we will take you live to the nymex. the price of crude continues lower and with it goes gasoline too. >> and with it goes the stock market as art was pointing out today, the dow is down 72 points at the moment. apple doing all right. it's saying this

gopro shares down almost 50% this year alone.e're going to speak exclusively with founder and ceo nick woodman if he can win back investors. we're also following the biotech sell-off with the top rated voice on wall street. isi's dr. mark schoenbalm as the controversy grows. see you in a little bit. >> looking forward to it. >>> meanwhile, this is an interesting call. the smart hold platform has filed for bankruptcy. this is a company that raised more than $150 million since its founding more than five years ago. they are selling off we think. wink will be acquired. the sale of had and a blog post on the corporate update. this is a company in an area that's supposed to be hot backed by -- raised a bunch of money, had a debt raise at the end of last year, i believe, but they are filing for bankruptcy. makes you wonder if it's a sign of the times given some of the start-ups you see. >> they seem to have so many things going. big partnership with general electric and high profile product roll-outs. a ceo who you could argue was medi

you know, these gopros, i don't want to sound like i'm endorsing anything, it's extraordinary what we these days. >>> up next, the largely self-funded campaign with legendary investor wilbur ross, i assure you he's self-funded. the wall street-backed hillary clinton campaign tackling, well, what else? campaign finance reform, who would you want to reform it? we'll take up the irony and the massive irony here next. stay with us. we're coming right back. ♪ have you ever thought, "i could never do that"? have you ever thought... you just didn't have anything left in the tank? well - you do. because the courage is already inside. approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay som

from gopro to disney to wynn, we get the calls.ne strategist says it's time to go overweight energy. see you in about 15. >>> now over to the cme group, rick santelli has the "santelli exchange." rick? >> thank you. the relationship between market rates, treasuries, i'm putting a very short end off to the side because it has a lot of moving parts that are very closely associated with the federal reserve and what the fomc committee may do. but when it comes to the market rates that are traded even though there are definitely hostage securities on balance sheets of central banks all around the world, the mold was cast. i've said this before in 1987. the only hedge for a dropping stock market is buying treasuries which created at the time a relationship that really has been as pavlovian as anything i've seen in the stock market. but a funny thing has happened in this kind of prenormalization ether world we now live in with regard specifically to the u.s. going in a different direction than many other central banks. let's look at a dax

the gopro always works! >>> katie ledecky is pushing the limits in the pool.nships ahead on "cbs this morning." queso dip ♪ ♪ haven't been this lost in years ♪ (gps) ♪ recalculating shortest route ♪ ♪ do i really look like this? ♪ ♪ never seen this one before ♪ chicken parm you taste so good ♪ i like it. ♪ mmm mmm mmm mm mmm mm mmmmmm no, no, no, no, [music] people are both soft and strong... yey! which is why our products are too. angel soft. ththere's no easy, way to do your job when you're sick. tough symptoms need alka-seltzer plus cold & cough it's four cold symptom fighters put you back in control. stay unstoppable. alka-seltzer plus. everyone needs a bff. even your smile. colgate optic white express white toothpaste with hydrogen peroxide. for whiter teeth in 3 days. dazzle. without the hassle. colgate optic white express white. whiter teeth in 3 days just by brushing. i've had moderate to severe plaque psoriasis most of my life. but that hasn't stopped me from modeling. my doctor told me about stelara® it helps keep my skin clearer. with only 4 doses a

. >>> plus gopro taking a hit today, the stock down more than 50% from its all-time high.go around the desk for the trade on this. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk southern. hi mi'm raph. tom. my name is anne. i'm one of the real live attorneys you can talk to through legalzoom. don't let unanswered legal questions hold you up, because we're here, we're here, and we've got your back. legalzoom. legal help is here. nobody's hurt,but there will you totalstill be pain. new car. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you drivin

: you're looking at a water rescue at huntington state beach caught on a lifeguard's gopro. drowning woman screaming for help. [ screaming ] [ scream and coughing ] >> are you okay? relax, relax. okay? you're fine. >> reporter: the lifeguard gives the woman a buoy and pulls her to shore. she was one of 500 rescues in huntington beach just last weekend. >> people are getting swept out and our boats ended up picking up people pulling them on board. >> reporter: most of the rescue, swimmers in waist high water. >> water moving around, next thing now they are trying to get in they are in deep water not good swimmers and the panic button goes off. >> reporter: this holiday weekend, lifeguards are gearing up for big crowd and big waves. up to six feet. if you decide to swim ask a lifeguard where it's safe and do so near a tower. in huntington beach, stacy butler, kpix 5. >> time now 6:52. >>> up next an oakland woman leads police to the scene of a crime. why she flagged officers down to investigate. >> reporter: i'm kiet do here at the main jail in downtown san jose where the thir

he has a little selfie pole going, got his gopro hanging out. relatively new jeep, bought is back in marn and as he turns around mug for the camera watch what happens. >> oh, no! >> no! >> that came through the wind screen. he's lucky he wasn't going any faster. >> the moment he looks toward the camera is the moment the brake lights come on, on that truck up ahead, and he just wads up that canoe. >> dude, that canoe is not going anywhere now. >> you want to see papa? >> it's safe to say we'll never understand the mind of a child but there will be no confusion what little taylor's emotions are. >> why are you sad? >> i miss want to see papa. >> you want to see papa? >> yes. >> she was at the airport in baltimore to see papa in houston. you hear the voice of an agent letting everybody know they're not getting home any time soon. she learns bad news and not happy about it. >> you want to give your papa a hug? yes? >> hug. >> the video was shared on our facebook page and she tells us they were able to get on a flight the next day and taylor is proba

a veterinarian recorded this footage using a gopro camera during an exam saturday. the cub now weighs nearly a pound and is in good health. he got a check-up while mom mei xiang took a lunch break. she is eating more and is in good shape, as well. >>> pope francis switching up the rules again according to some. after the break, what's changing for the couples who want to end marriages. >> a million-dollar ticket, i said wait a minute. >> meet dc's newest millionaire. find out why he started crying when he talked about how to spend the money. that's later on so everyone is saying, "hey! you gotta get fios!" but why? well, fios is a 100 percent fiber optic network to the home, so you can get access to the fastest internet and in-home wi-fi available. and fios gives you big capacity too. so everyone in the house can get online. but the main reason to get fios? we're rated number 1 in customer satisfaction. ultimately, that's why. get 25 meg fios internet, tv & phone starting at $79.99 a month. plus get $350 back. hurry, offer ends september 19th. get out of the past. g

they're saying, listen, gopro, it's terrific. there's a lot of competitors. with a lot of competitors you say, wow, gopro's margins have to go down. the opposite of fitbit. a very good story. jay sparkman, i interviewed him last week. fitbit has a lot of momentum because they're under the price of apple. apple is a twice that has a health component. fitbit is a health company based on a device. >> it's not a merger monday, but we did get a deal announced sunday that's playing out now. dialogue semiconductor acquiring for $4.6 million of cash and stock, it was supposed to add up to $10.42 of atmel share. look at shares of dialogue. there's atmel, that's up nicely. why not closer? that's the reason. that thing is getting crushed. >> wow. >> it's going to be dilutive in 2016. >> they're tricky, they don't say that. we can deduce that. investors are not happy with short-term dilutions. they are talked about $150 million annual cost. atmel is still up, given there was a significant premium, because it is cash and ads, it's not nearly what it was valued at original

." >>> new video from burning mansur fass and then goes straight down when -- >> the gopro falls off. >> see what happens when it's picked up and get the real story of what's shaking here. >>> a brave guy investigates after tenants heard -- >> something up above. >> the discovery not for scaredy cats. >> go find out what that is up there. no, actually. nah. >>> the crowd's going wild for a young super athlete. >> he finished the entire mile in 14 minutes. >> now meet the 10-year-old always up for the challenge. >>