straight the off of the bad year, and i have to ask you about the groupon stock.down about 16% on news that your losses continue to grow. investors don't seem to have a lot of confidence in this company, and how do you address the concerns? >> well, i mean, it is hard to predict the daily moves of the stock market, if i could, and we would be having a different interview from a different kind of place, but i think that net, we repretty happy with the progress. we had a clean beat of revenues around the ebitda and we are on track of where we expected to band where we need to b and we are improving the fundamentals of the business and adding a million customers on the marketing spend, and more than we have in years ash and added 75,000 active deals in north america alone to the marketplace. we continued to make real strides in the shopping margins with the gross profit dollars increasing 51% year over year, and so we have made solid progress, and we continue to be on the good track, and if someone expect ed por than that then being on the progress and continuing to

shares have been gaining since february when groupon posted that are than expected earnings when alibabak a 5% stake in the company. turning to linkedin, shares are soaring in extended trading, up as much as 16%, after the company reported first-quarter results topping expectations. revenue in the first quarter was up 35% year-over-year to $851 million, and the company also raised its guidance, indicating fears of linkedin's ability to stay in growth were overblown. this is in stark contrast to q4 in february, when stock tanked more than 40%. why are they sharing this news? steve, i imagine you have been watching the story pretty closely. why do you think this report was so different? i think one of the things that is happening with linkedin is they are adjusting to their own growth. they just added a new business line with this learning and development acquisition of lynda.com, and they are being cautiously optimistic in wanting to make sure that they are integrating the new product lines effectively. i think the biggest take away for investors is the acceleration. that has been at the

comcast says it will work with groupon to bolster local ad business.upon says it will use the investment for general corporate purposes, including repurchasing stock. b.e.t. is bringing the funk or at least the soul. 1100 episodes of soul train from 1971-2006. there will be a soul train concert tour. still to come, microsoft upping the ante. what they are up to. ♪ >> the top stories this hour. risk aversion has returned to asian markets as the oil slump deepens. japanese shares driving losses at the end of a three-day search. topix slumping to its lowest level in almost seven weeks. kong,also down in hong seoul, in sydney. australia's trade deficit blew out in february, coming in at $2.6 billion. that is on the $700 million worse than expected. exports fell 1% from the previous month while imports didn't change. the doll so on the newsar. latest will make its rate decision in our. system global financial feel safer banks to banks raising capital into leveraging. speaking at the asia investment conference in hong kong, the ceo it's a great time to inves

comcast says it will work with groupon to bolster local ad business. says it will use the investment for general corporate purposes, including repurchasing stock. .e.t is bringing the funk or at least the soul. fromepisodes of soul train 1971-2006. and -- there will be a soul train concert tour. microsoft upping the ante. what they are up to. ♪ show me movies with explosions. show me more like this. show me "previously watched." what's recommended for me. x1 makes it easy to find what blows you away. call or go online and switch to x1. only with xfinity. show show me more like this. s. show me "previously watched." what's recommended for me. x1 makes it easy to find what blows you away. call or go online and switch to x1. only with xfinity. , and i am ramy inocencio you are watching "bloomberg west." passengers passing through brussels airport are being checked with new procedures. new security measures aimed to minimize the chances of repeat attacks. president obama says nato remains the cornerstone of collective defense for the u.s. and europe. mr. o

venture firm has invested to audit $50 million in groupon.omcast is to work with a group to bolster the cable companies local ad business. groupon says it will use the investment for general corporate purposes. soul train is on track for acquisition by the bt networks intermedia partners. bt will also get over 1100 television episodes and 40 television specials. soul train began syndication in 1971. that is her business flash update. we are getting new details about the panama papers, the trove of 11 point 5 million documents that reveal how essential american law firm helps hide riches through shell companies. when hundred 43 government officials have been implicated. david joins me now. --'s start with the exercise with the size, the scale of this. guest: it huge. became thekileaks largest leak ever. this is bigger. it is 2.6 terabytes. they said they couldn't even transfer the documents by e-mail so i assume there had to be hard drives exchanged. it has 300,000 shell companies so the tentacles have already led all over the globe and we'll

. >> groupon is on a bounce.nvestment arm of our parent, comcast, has agreed to buy $250 million of six-year convertible notes. >> wow. >> it's a separate fund run by the ceo of comcast, it's a separate fun run to make money. if there's a joint interest, great. he can go anywhere he wants. the main -- they gave him 4 billion in capital, which is not bad. >> no. >> he can invest wherever he likes. the goal is to make money. everything else that comes from it is also great. >> there is technology out there red shirt technology. it's very good. keeps you up about how you're doing. you get depressed when you have cold weather. not a lot of people coming in. >> am i hearing you say positive things about groupon? >> i like the technology we use. >> what do you mean when you say the technology? >> you know, when you're doing red shirts, you want to know how you're doing at any given time. how is the night going versus previous nights. it's got the -- it's what people use, groupon's technology. >> interesting. under this

linkedin is expected to report improved earnings and revenue and groupon will report "after the bell, the discount coupons with a first-quarter loss. in february the company forecast much weaker 2016 than expected due to a slowdown in the margin on the online sales business. lauren: federal reserve deciding to keep interest rates on hold, central bankers expect to see continued improvement in the us economy. the question is when the fed will raise rates. liz claman asked investors about that. >> in june the fed didn't mention it and that is why bonds are moving up, lower on yield and when the stock market is up 1/2% i think they will in june if global market conditions continue to stabilize and that is the key. lauren: fed policymakers expect to raise rates two times this year. lea: economic news forecast calls for gross to mystic product rising at 0.7%, the economy grew at one.4% rate in the fourth quarter and first-time jobless claims are expected to be at 260,000 up from 247,000 the prior week. let's get you caught up on global market action, starting in asia, stocks in asia tradin

i'm a current owner of groupon. my question is concerning the stock activity. has it reached its peak or do you think it's a good buy? >> groupon is flotsom and jetsom. some things are good and some things are not good. it is a pierce back. there is nothing about it that looks like the stocks i like to recommend, which have good earnings futures out mullet irm years. it is a decent spec because it is better than it was. mike in tennessee. >> caller: hello, jim, this is mike. boo-yah to you. i'm new to investing and i bought some shares of marathon oil. which i notice is steadily climbing, but i heard on another program you talking about kb homes. i sold 3/4 of my shares of marathon oil and bought kb homes. was that a good decision or bad decision? >> that's fine. you let marathon come up. they did that giant issuance of stock at $7. marathon is not that good of company. they separated from marathon petroleum. and you moved onto a deep value home builder i think is going to have better than expected earnings next time because rates are still low or it gets taken

. $250 million in groupon.rtising if the partnership does go forward in defense. comcast said it will work with groupon to identify a potential strategic partnership opportunity so we will see what can come of that. shares surged by 12%. yahoo!, not many details about increasing the price target from 37 to 32. ground is trying to gain control of the board by nominating nine members. though shares gaining 2%. saudi arabia has been refocusing its economy away from oil dependence. today we received more detail that the biggest economic , $100 billion in non-oil revenue by 2020. the otherhat about nonoil german economies, can suit?ollow canada's petroleum industry still trying to trim the fat from the labor force. with more on how the country is time to shift away from the reliance on oil and gas, we are joined by pamela ritchie joins us from toronto. what kind of job cuts are expected over the next few weeks? >> being added to the overall , as well asovus murphy oil, and arkansas-based company. they are cutting a

earnings from linkedin and groupon among others. now. ♪ announcer: from our studios in new york city, this is "charlie rose." charlie: welcome to the program. tonight a conversation with president barack obama. the interview follows are set down at the white house last week area this took place in hanover, germany where the president attended and industrial fair with german chancellor angela merkel. this was the final leg of a trip that included stops in saudi arabia and the u.k. in london he had lunch with the queen, had dinner with a future king, and played golf with the prime minister and celebrated shakespeare. in riyadh he met with

good news for groupon, got nice investment.illion investment from former cfo comcast who will join groupon's board. they will do some deals and other business with comcast. comcast shares are off .3 right now. pfizer, merck, health care as a sector having strong performance. 2%. 1.6%. apple is one of the leading gainers on the dow. shares up 1 1/2% for apple. but dragging the dow lower, consumer discretionary a problem in the sector. nike, for example, off more than 3%. ge down 2 1/2%. cisco off .8. more "coast to coast" after this. >> most dangerous man alive right now in my opinion. [applause] running around, didn't you read history books. you don't want nuclear proliferation. you want fewer, not more nuclear weapons. neil: most dangerous man alive. i'm sure like me, is joy behar talking about fox news radio host tom sullivan? no. she is talking about donald trump. enter mr. sullivan on her thoughts. >> which is a good point. usually as talk show host our buddy rush limbaugh, for example, has been most dangerous man in americ

plus, earnings from linkedin and groupon, among others.or now. ♪ >> this program is a paid presentation for omega xl and brought to you by great health works. ♪ larry: welcome. i am larry king. and i'm here to report on a significant health-related investigation that has been taking place for the past couple of years. the information i will provide you during the course of the show is related to everyone's health and well-being. several years ago, i was

about them.talking you remember groupon, it has scale.lot of david: we will have more about linkedin.o answers from both ceos coming up next. ♪ david: time for the bloomberg business flash. michael pearson got a huge incentive to boost the share from af valeant surgical. a payday of $2.7 billion. the company disclosed what it has given its ceo. 2.2 5 million shares. reaching almost $1200 on three specific dates. is seekingealth care potential private equity bidders according to people with knowledge. firmsave contacted buyout to gauge interest in a possible takeover. talks are in the early stages. nfl prospects are going to the rams, ingles, and charters. the company is signing endorsement contracts with a whopping 15 members for perspective -- for perspective, one. armour just has -- pandora areat searching after reporting first-quarter results, giving both companies a much needed boost. otherwise a challenging year. david: emily chang joins us now. let's start with linkedin. you set down with the ceo earlier. what did he have to say about the direction of the stock rice that was dow

cost of prescription promise to save you money at pharmacy, as baruch shemtov shows it works like a groupon. >> hello thank you for calling. reporter: blink health, mission is simple. >> to save on your prescription medication, our mission to make sure that it is easy to purchase. reporter: foundered by brothers they are changing lives, in a few easy steps after receiving a prescription. >> you get a blink healthy.com or download our app, type in your medication, you see a price, if is is lower than you pay, you pay on web site, we give you a proof of purchase, and you so that to your pharmacist, and you pay nothing when you pick up your medication. reporter: it is helping people of every age. >> we have prices on over 15,000 medication, most of our drugs cost less than 10 bucks we're accepted at 60,000 pharmacies reporter: generics of prilosec, for 7 dollars. >> usually happens they try it once with one medication. then they next day they bring 4 or the rest of their medication, to us. reporter: those customers reportedly in hundreds of thousands include many who share their life changing

david: a new venture by comcast is investing $250 million in groupon. says it will work to find partnership opportunities to bolster the local ad business and will use the investments were general corporate purposes, including repurchasing stocks. let's head to the markets desk where julie hyman has a look at the latest. with a guns start makers -- smith & wesson is lower after they were downgraded . this is in the wake of new data from the national instant criminal background check system. this is a forward indicator for gun sales because it is people requesting background checks. according to one analyst, this data is not good for smith & wesson. sequential declines of 14.2% where he said the weakest of the past decade and well below 10 year averages. chart to the two day show the drop off on friday and this plunge we are seeing. we have ada on the bloomberg to track this act ground check system. you can see what he's talking about. here's the 10 year chart and we have had an uptick on those checks and you have had this decline year to date in the num

. >> things like your gym membership, pilates membership, food groupon service, kids' extracurricular activities no longer interested in. >> reporter: small monthly payments can add up from magazines to streaming video. >> very likely spending more on a monthly basis than you need to be. >> reporter: the same way you'd clean up the house when things got out of hand you might consider the same thing for your finances. >> take a look at your clutter. are you finding you're getting five different 401(k) statements, multiple bank accounts open with zero balances? a way to consolidate to reduce anxiety, stress, and save time? >> reporter: for the financial paperwork that piles up, try going digital. >> one money folder on your compute, a separate folder for subfolders, insurance, estate planning, get that information in and clear the clutter out of your house. >> reporter: look over your deductionsi deductionsi things may have changed. >> look at withholdings. are you claiming single, zero when you can claim two? now's a great time to check that, get a w-4, you can make that ching in two m

. >> jimmy: i have a groupon. [ cheers and applause ] after the show. i mentioned the big new york primary was today, and one of the things about the new york primary that makes it different from other state primaries is that it happens in new york. none of the others do. but this afternoon we went out on the street here in hollywood to ask people if they voted in the new york primary today, which of course is impossible because new york is very far we didn't include anyone who voted absentee. we asked people did they go in and vote? so the question is will people in los angeles claim they voted in the new york primary today? and the answer is yes. >> how was your polling place this morning when you voted in the new york state primary here in california? >> it was pretty great. very. >> what were the lines like? >> long. >> who did you go with? >> with my aunt. >> so big morning this morning obviously in the new york state primary here in l.a. >> yes. >> how was your polling place this morning? was it busy? >> yeah, busy. >> what were the lines like? >>

groupon has had quite a run looking at this chart.ck, the ceo rich williams will talk about its earnings. dow now down 53. i invest with e*trade, where investors can investigate and invest in vests... or not in vests. this is my retirement. retiring retired tires. and i never get tired of it. are you entirely prepared to retire? plan your never tiring retiring retired tires retirement with e*trade. >>> does the market bounce have any real legs? one technician says yes. and he has three charts to make his case. we'll check out all three at tradingnation.cnbc.com. more "squawk on the street" coming up. there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. >>> welcome back to "squawk on the street." stocks mostly lower tod

. >> my favorite was groupon offer cat readers.ople would come to your house and read your cat classics. >> read to your cat? i got a text -- do you have a bit mojo? yours would be fun to create. >> oh, neat a bit moji. >> amanda sent me this, happy cater day. i'm like, that's a frightening scene. that and mike huckabee. >> you need cat readers. should we announce our latest excursion together in this journey we call life? >> okay. i don't know what it is. we had some cocktails. >> you do know what is. our new daily variety show. >> oh, yes, i forget. >> we talk about it at length last night and we agreed today we would announce we're going to bring song and dance back to the news time where it absolutely needs to be. >> i'll tap and you will -- >> called news and booze with shep and kennedy. >> we have an audience? >> we'll have an odd audience, and because it's news and booze we'll have handcrafted cocktails for you dining and viewing pleasure. >> i'm ready. look forward this. but this news stuff in the rearview mirror. >> i love

the family medical leave act has more exceptions than a groupon. [ light laughter ] so many in fact that% of the workforce qualifies for it, that lack of income forces many parents to go back to work just weeks after a baby is born and that's bad for everyone. bad for babies because i don't know if you heard, but you can't just give them your hbo go password so they can binge "true detective" while you're at work. [ laughter ] mainly because their brains haven't developed enough to follow season two. [ laughter ] they need someone around to care for them especially in their first year. research shows that babies whose parents go back to work before 12 weeks are less likely to be up-to-date on their immunizations and more likely to exhibit behavior problems. and then they grow up to become that weirdo in your office who always has the flu. [ sick voice ] "my mom didn't stay home. she had to go back right away. yeah, the flu's back for me." [ laughter ] going back to work early is bad for moms, too. it makes them more likely to become depressed and forcing parents to go back to work early

even groupon. >> that's the public side for sure. >> but it sort of reflects, doesn't it, how peoplel in startup land in a way. people seeing bargains and not quite thinking everything is going down all the way. >> i think there are questions. i mean, we're still in an ipo dry spell, right? so sure, we can be bullish on uber and snapchat for now. but there are still big questions about when are these companies going to get out, if they even want to. many don't. i agree that the great ones are going to continue to find capital. it's there. we're seeing huge venture funds being raised now. founder's fund with the big one reasonable. so the capital is still there. but not for the ones where the revenues aren't there. which is a good thing. >> slack just last week raised a bunch of new money. $3.8 billion valuation. 30% higher from last year. >> they had been seeking 5, though. slack is a great example. the capital is still there, but they had to temp down their lofty expectations a little bit. >> stock markets 3% from its all-time highs. is there a sense in the valley that people in pri

. >> no, it is like groupon, and you go to the if merchant because you have a coupon and they don't goack. and my experience has been valuation, and this is egregious valuation. >> 82 times forward. >> still egregious valuation even with the normalized earnings, and at one point looking at this, if you have a 30 pe earnings, that is too high for a company that is no longer pristine, and increasing competition in what they do. >> the new stores are not growing anywhere as near as the established stores. and if you are even buying it on, steve, 30 times, but if you are, and i'm not saying that you are, but on the normalized growth, you assume that the growth is there, and the foot traffic numbers don't support that thesis. >> cramer has more on that on "mad money" along with buffalo wings ceo sally smith, and look forward to those interviews with our man krcramer. and coming up, the chief equity strategist from morgan stanley is going tole tus why he is turning cautious on the stocks. and you know him, adam parker. and we will be on, and our own michelle caruso-cabrera who is going to th

francine: are you saying you are buying some groupon's? that would be surprising.at the end game is there. meb: we never do, right? greece, also in places like russia and brazil and mexico and colombia. those sound really scary, but if you look at this year, the tide is finally changing. a lot of those markets are having great performance can. close your eyes and hold your nose and own some of these securities, we think long-term it is a great place to be. tom: here is the arc of oil index. here is a boom in hydrocarbons in 2008. down we go, down we go again. trap where, value you begin to look at the oil stocks beleaguered. joe: we are overweight energy. we are buying some of these big energy oil companies. reason,it a cash flow or is the balance sheet mostly cleared? joe: more balance sheet right now we have to clean up, a lot of consolidation coming. we are going to see the weak players go out and the stronger get stronger. agree?b, do you is: of the stocks, energy one of the cheaper. francine: i don't see with the catalyst for a higher oil price, what that is.

groupon shares are down more than 40% from a year ago. $1.1 million. $10.70 a share for tivo.uide and dvd players. moments before the draft started. the video appeared on his twitter account. smoking from a gas mask equipped with a bond. the video was from two years ago. draft picks by the miami dolphins. >> be careful what you do on social media, folks. be careful following a trend. it comes to the dow. stick with it. it is icy. we could also have a negative one. the first time in more than a decade on why we have that. charles payne. [laughter] >> he has indicated that headline. >> remember, now, that is why we're down the last couple days. >> without one word eschenbach sometimes it works, sometimes it does not. people need to understand the volatility and try to match it with their expectations and their own temperament. i think that that is one of the problems. get me out of this thing. >> you look at other stuff like a sax for example. you take the gdp report out. you went inside. a couple things in the last 24 hours. saying something about americans. that is the big que