and julia boorstin sat down with jack dorsey and she is here to wrap that up. good morn g ing to you. >> good morning, carl. the twitter shares are off dramt clishgs a cli, and i asked jack dorsey what he doing to get it back on track and to change the company's perception of the potential. >> and we have a development team, and engineering what we believe to be the best experience out there around life and what is happening now.

more of our exclusive interview with jack dorsey in a moment. >>> all right.on the halftime report, we have one analyst who downgraded apple, and we will talk to him. and also, adam parker will talk to us about where the rally is. and we will talk to michelle cabrera caruso and the oil mark market. we will see you in about 15, carl. >> okay. thank you, scott. and now, over to seema mody. >> thank you, carl. the move in twitter is down 16% on the day, and currently the worst performing stockton russell 1,000 and on track of the fourth worst day ever as a public company. not to mention heavy volume surpassing the 30-day volume as the the investors digest the social media's latest earnings, and keep in mind of the 44 analysts covering twitter, 18 have cut the price targets on the stock. carl? >> thank you, seema. and julia boorstin sat down with jack dorsey and she is here to wrap that up. good morn g ing to you. >> good morning, carl. the twitter shares are off dramt clishgs a cli, and i asked jack dorsey what he doing to get it back on track and to change the c

how do you intend to find the jack dorsey or elon musk of china?we are excited about our new funds. we're focused on global entrepreneurs. we love folks that build global companies. we want to invest early across sectors of focus, like consumer and online mobile services. like e-commerce. connective devices and robotics. we looking for companies in those sectors. in china, we are seeing entrepreneurs coming around for their second or third stint, or folks with experience and great internet companies like alibaba. there is a richer ecosystem of entrepreneurs in china for us to go back. columnistsof our wrote an article saying that everyone knows that asia's startup bubble has to pop. what are you seeing on the ground? >> we are focused on the venture capital ecosystem, the start of ecosystem, in china and the u.s.. what matters is the rate of innovation and the opportunity for companies to build businesses that can grow fast. in china, we see that continuing at an incredible pace. looking at patent applications, china leads in patent applications. t

emily: how long can jack dorsey continued to be ceo square and twitter, two public companies, when at one of them is struggling? will need toint he step away from one of his companies. maybe not the share, but clearly in 2017. there seeing some of efforts on the user side starting to gain traction but we need to solve this big problem that resurfaced this quarter and get those brand advertisers to at least advocate dollars on the twitter platform. this is through 2016. but in 2017, i think it is one of the two companies. emily: you are giving them one year. cory: the company needs a ceo and square deserves one as well. emily: from axiom capital management, and our editor at large, thank you both. we break down ebay's quarterly results and if we are seeing the first hints of a turnaround there. coming up. ♪ ♪ emily: at&t topping estimates despite losing subscribers and missing estimates for mobile customer adds. the second largest wireless carrier. below expectations of 283,000 new monthly subscribers. above analysts estimates of $.69. we will talk with t-mobile ceo john legere later i

think of founders like elon musk and jack dorsey. i spoke to glenn solomon.lenn: we want to invest early with them across sectors of focus, like consumer online services like e-commerce, connected devices and robotics and clouds. china, we are seeing lots of entrepreneurs that are coming around for their second or third or peopletrepreneurs who have had experience. columnistsof our wrote a new article saying, everyone knows the asia startup bubble half to pop. what is your response to that? what are you seeing on the ground? glenn: we are focused on the startup ecosystem in china and the u.s.. for us, what really matters is the rate of innovation and the opportunity for companies to build businesses that can grow fast. in china, we see that continuing at an incredible pace. if you look at patent china leads, today, in patent applications and has for almost the last decade. there are more patents filed in china than in the u.s. and japan combined. pairs -- ofon two entrepreneurs that are doing interesting things -- that is where we look for new investments. em

jack dorsey spends -- >> i didn't like the conference call.ke the conference cause because they have so many things going except for earnings. >> yahoo is for sale. twitter is not interested in buying that. but i mentioned it because of course this morning we did get a settlement between yahoo and jeff smith from starboard owner, one of its larger owners, not the largest by a long shot. he'd been seeking nine board seats but now will seat four of his nominees including himself on the board immediately. and they will then be able to become involved in the process for the sale of the core business. last week when i spoke to smith he indicated such a settlement certainly might make sense. >> it would be great to get it done. so we are having conversations, as we always do with companies. we speak with every company we invest with. and we want to settle. and in fact since the darden situation where we replaced the whole board we haven't been able to run a proxy contest all the way to a vote. we've been able to settle with companies. we're having c

on the other hand, twitter ceo jack dorsey is under more pressure than ever. perhaps a better example of divergence in tech stories is apple and amazon. apple's first sales decline in 13 years marked an end to an unprecedented growth streak that lasted 51 straight quarters. $51 billion market cap in one hour the next day. the knockout punch, billionaire carl icahn saying there is no more money for apple stocks. amazon posting its most profitable quarter in 20 years, giving ceo jeff bezos the title of world's fourth richest once again. for more, bloomberg staff reporter jeffrey c only, kathy would in new york, and jeff in san diego. what is the most significant about what we saw this week? >> the biggest story ended up being apple. it is down seven straight days. it lost 11% over the past five days. what happened was, after the market closed tuesday, the stock was down about 6.3% on wednesday. it wasn't until thursday that we really saw apple hit the red and start dragging down the rest of the market. carl icahn, had about 2:00 p.m. eastern on tuesday, said he

think of founders like elon musk and jack dorsey. i spoke to glenn solomon.nn: we want to invest early with them across sectors of focus for us, like consumer and online and mobile services, like e-commerce, connected devices, and robotics, and clouds. we are looking for companies in those sectors. in china, we are seeing lots of entrepreneurs that are coming around for their second or third stint, as entrepreneurs or people who have had experience. it really is a richer ecosystem of entrepreneurs in china for us to go back. emily: one of our columnists wrote a new article saying, everyone knows the asia startup bubble has to pop. what is your response to that? what are you seeing on the ground? glenn: we are focused on the venture capital ecosystem, the startup ecosystem in china and in the u.s. for us, what really matters is the rate of innovation, and the opportunity for companies to build businesses that can grow fast. in china, we see that continuing at an incredible pace. if you look at patent applications in china today, china leads the world in patent

aroundn jack dorsey turn -- can jack dorsey turn around user growth? june rate increase? we begin with our market minutes. volume was lighter than average, trading that dow down 13% based on the 10 day average. trading was up

aroundn jack dorsey turn -- can jack dorsey turn around user growth? scarlet: and a june rate increase? we begin with our market minutes. volume was lighter than average, trading that dow down 13% based on the 10 day average. trading was up 8% from the 10 day average. joe: another very quiet day. with tech earnings coming up and , it feelsnk activity like it's about to get interesting. scarlet: it is a waiting game for now. the dow, a 109 point swaying intraday, the most narrow move and one and a half weeks. let's talk about the energy stocks, the best performers life far.- by afterot a big lift standard chartered's results lifted the sector. rally. cross-asset there's talk that the former central bank governor could be the finance minister that the president is ousted. the 10 year yield in spain, where the king has announced new elections because they cannot form a new government. look how low the yield is. thestory is how the till market has been punishing spain given the fact there has been no new government. yield has beenr taking higher, the highe

i spoke with the ceo, jack dorsey.y attribiates the better than expected user growth to the fact that the company has been making tweaks to things such as the time line and also been making a number of improvements to the service over the past quarter. he also sees -- says he sees further ability to strengthen that user base. now, i also talked to him and adam bane about what's driving the better than expected earnings, they said better roi for video advertisers in particular. as for the short fall in revenue both in q one and two they say there are pieces in place to start revving up revenue in q 3 but they're not starting to see impact to that yet. some of those things are the nfl deal, which starts this fall, as well as more video advertising tools which will really kick in in q 3. they're projecting lower revenue growth than wall street expected $590 million, lower than the $678 million expects because a lot of those different levers twitter thhas yet to pull won't kick in until q three. one positive sign is their

. >> well, melissa, while twitter shares are tanking, the ceo jack dorsey is on the earnings call bei ining periscoped live. he spoke very calmly about the company's focus on live, and how they're seeing a benefit from all the tweaks they've been making to the service. they're giving the consumers more control. take a listen. >> we've seen increases in tweets, and replies, and retweets. and also likes obviously. we want to continue to make sure we're refining that time line and making it better and better. so when people come back to twitter, they see what's meaningful. >> the coo responding to questions about advertising coming in lower than expected. saying there are signs of strength that will kick in starting in the third quarter, including a new kind of video ad. he decided a study of finding $6 return on investment for every dollar spent by major beverage companies, saying there is hope that the brand advertising will really improve starting in q3. bain also talked about the opportunity to sell ads around the olympics, as well as arnold the election. cfo rg talking about the nfl

here is jack dorsey on user growth. >> we're total audiences is massive.re experiencing tweets on a regular basis. that's just immense. you can't go to any media, see any television screen or outdoor space or billboard without seeing a hash tag or app. that's all twitter. >> ebay beating consensus on an increase in sales giving investors hope that the turn-around efforts are working. >>> chipotle posting its first loss ever. same-store sales sliding after the food-borne illnesses last year. >>> buffalo wild wings, same-store sales fell. >>> taat&t's profit increased helped by the acquisition of directv. >>> nasdaq adding to the list, just out with its quarterly results. the stock has been on fire. up more than 10% this year and trading around the 52-week high. for more on the numbers we bring in bob greifeld. are you doing a victory lap? ceo of nasdaq? >> it's an endless series of quarters. one good quarter begets another one, hopefully. >> what's happening? >> we're doing well. we have picked the proper businesses to diversify in. in the businesses we're

julia boorstin spoke with twitter ceo jack dorsey.e said ball street doesn't understand his company. and dominique chu looks at the role reversal between tech and energy this year. let's begin with you, on apple, a loss on the open, at least, this morning of another $46 billion in market value for this stock. as it experiences its first sales decline in 13 years. why are you hanging in there with this outperformed rating right now? >> yeah. i'll say three factors that kind of lead us to remain bullish. one valuation. it's a very attractive stock. trading at eight times -- absolutely, right. there was truly an issue that they're having right now. the question is, is the appetite of consturms buy apple products degraded? or is it just the fact you that have a very successful iphone 6 and there's less of a entire to buy an iphone 6, is that what happened as you get to 7, you'll see a more traditional upgrade cycle and ideally better of app. >> you're not expecting a game-changer out of the iphone 7. that's been their problem. the inclina

emily: you wrote this book before jack dorsey was named ceo of twitter.nd you say the only silicon valley company that grew from "strength to strength," as you say, as it swapped ceo's, was intel in their first 30 years. so, do you think twitter can become the second in history? sir michael: i think it is far better to bring a founder back who still feels a real sense of dedication and ownership with the company than going out and hiring an outside hand. jack has not been bashful about saying that the product of twitter needs improving. that is where his strengths lie. as the product improves, presumably, consumer satisfaction and the business will improve as well. emily: how do you see this playing out? does this bubble burst? or is there a soft landing? ♪ emily: as you said, you grew up in wales and you somehow made it to silicon valley. what kind of kid were you and how did you get here? sir michael: i got here through no grand plan. i went to college in britain, and this was the britain of the mid-1970's. it was not a particularly enticing place if yo

almost jack dorsey which makes me wonder he can go square and jack can go back to twitter. >> or vice versa. >> you know what i mean. >> handsome man. get a good look at that beard again, please. >> because it's going to be gone. >> that might be it. >> that's right. it might be it on >> under carve it down though. >> mutton chops at least for a couple of days. >> handlebar is good up. >> next, auto sales are pretty solid but the major stocks can't seem to get out of reverse and what gives? what might it mean for the on fire consumer trade. >>> and apple may be celebrating its 40th birthday and what about the next big tech stock you can add for the next 40 years? the names our traders are next. and more on that when "fast money" returns. a fair price, quality service, and that horrible smells are really good at hiding. oh, boy. there it is. ♪ ohh. ooh. [ gags ] so when you need a house cleaner or an exterminator, we can help you get the job done right, guaranteed. get started today at angie's list, because your home is where our heart is. ♪ great time for a shiny floor wax, no? not if

-- and jack himself is a great product visionary but i think they need more people cut from the jack dorsey mold, visionaries who can figure out the next act for twitter. >> if twitter came out with a new product that was popular and interesting and hired somebody you thought was going to help, which was the more important, back to products and people? >> well i think that probably the person, the leader, for that is probably the most important, actually. i think that's going to help attract more people. that's one of the things people don't realize. the talent you track isn't responsible just for their own contribution. it's also that other people want to come work for them. i think making sure that there's center of gravity there of people who are going to attract other great people is really important. actually a company of ours, periscope acquired by twitter and that could be the nexus of a new offering for the company that gets them to the next level. >> what's your view on the whole idea, this notion,zappos a totally flat organizational structure. i can see if it were that way, but on

what is it like going from somebody who is running one public company to two public companies, jack dorseyare is very lucky to have jack as our ceo. i think he is a unique visionary. one of the things he is amazing at is making all of us stayed true to what square is. emily: jackie lee speaking with from square, speaking with me at the conference in san francisco. people who live in ethiopia say messaging apps have not worked there for more than a month and smartphone owners have not been able to access services like facebook messenger or twitter on the state owned telecommunications service provider. one area in the blackout was at the center of fatal protests that started in november. ethiopia denies that it blocked access throughout the region. google is scaling up its tech skills training program to accommodate one million africans in the next year. it's an effort to deal with high unemployment numbers on the continent. google plans to train one million people on the continent. plus, a single power source that would give the world enough energy to give up call and gas -- to give up oil

are talking about jack dorsey. the next fed meeting and brexit vote are a week apart. ow will one affect the other? an exclusive interview with bloomberg television. iaae-m" it has been a tense and raucous scene outside a hotel inraucous california, as republican presidential front-runner donald trump has arrived to address the state republican party convention. trump was escorted into the hotel from a back entrance, away from the protests. and ohio governor john kasich are appearing at the convention today, texas senator ted cruz and his running mate carly fiorina will speak tomorrow. 20 people were arrested yesterday protesting a trump campaign event in costa mesa, california. ash carter directed military officials to -- in a hospital run by doctors without borders from afghanistan. officials say 16 u.s. military personnel were disciplined. in a statement, secretary carter report, "provides painful lessons." captains in virginia have been by --ed by -- fibrous -- virus. there are more than 1400 passengers and crew aboard. delta airlines president ed bastion takes ove

jack dorsey said he will be to find live events we can gather around.e cfo of twitter was also cfo of the nfl. you can imagine what kind of discussions were happening behind the scenes between him and nfl. twitter has is life. as a victoryat it for twitter, but $10 million is a drop in the bucket. it may be more about experimenting for them. has isbest thing twitter live. twitter will show the ad the thursdayare airing night football games, then will sell some ads that would normally have been sold to local affiliates. this is more about users. our colleague had an interesting take on this. a great placeen to talk about sports, trash talk sports, but they have not shown a lot of potential in terms of looking long-term sports fans that are not already on twitter. she cited the olympic steel -- the olympics deal. lisa: i'm trying to understand how this will look on the twitter feed. people are usually just looking at news that scrolls down. to look at one particular streaming event goes against what twitter is all about. emily: that is interesting. i don'

tomorrow, we hear from glenn newmon about the firm's billion-dollar fund to find a new jack dorsey inm our studios in new york city, this is "charlie rose." charlie: we begin with politics. house speaker paul ryan ruled out a presidential bid at a press conference today. the announcement comes after weeks of speculation he would accept the nomination at a contested convention. addressing the republican national committee, speaker ryan said delegates should choose someone that participated in the primaries. >> count me out. if youy believe that, want to be the nominee for our party, to be the

ceo jack dorsey addressing investors on the earnings call. >> we've seen increases in tweets and replies and retweets and also likes obviously. so we want to continue to make sure that we are refining that time line and making it better and better and better. so when people come back to twitter they see what is meaningful. >> guidance for the second quarter along with concerns advertisers aren't spending more weighing heavily on the stock. >> we've had a whole host of brokers coming out this morning, lowering their target price. seems on average, barclays cutting price target from $18 to 19. we've just had goldman sachs coming out raising their target price from $22 to 21. a . and jeffries, cut their price target to $32. i think the range of price target targets and cuts, raises here, shows you how confusing and what twitter can doing going forward and grow this business. e-commerce now. off setting growth concerns following the spinoff of paypal. comcast could be trying to build on recent success in animation. comcast is set to report earnings later today. >>> donald trump has called hi

you get one of the best jockeys in the game with jack dorsey.ow a lot of people say he's got a part-time ceo but i think he's doing a good job right now. he just announced a deal with and they're going to have 10 of them. i think that's just the beginning of jack starting to flex a little muscle and i've got a trade for you. i'm going to look at a call meead and it's going to cost $1.50. i can triple up on this and get you far enough of where you have an earnings were coming and i think it's going to be a great trade. thank you for joining me. more bloomberg markets next. please don't go away. ♪ hii'm here to tell homeowners that are sixty-two and older about a great way to live a better retirement... it's called a reverse mortgage. call right now to receive your free dvd and booklet with no obligation. it answers questions like... how a reverse mortgage works, how much you qualify for, the ways to receive your money... and more. plus, when you call now, you'll get this magnifier with led light absolutely free! when you call the experts at one r

twitter ceo jack dorsey in an exclusive interview with cnbc's julia boorstin reacted to the stock drope're focused on our things. we've never had more focus as the development team and we're engineering what we believe to be the best experience out there around life and around what's happening now. and i want to make sure twitter is the place the first thing you check to start you day. telling you what's happening in the world and what matters and ha that's what we're driving towards. >> so far twitter has 310 million daily active users who log in at least once a month. can they bring the ad money as they get more users? can they go more mainstream? these are all questions. >> and the facebook outperforms today, then it is more worrying for twitter. because it suggests it is very much stock specific. >> because they are all compete for the ad dollars. >>> other stocks. the hr block is cutting part of its workforce. the company handled about 6% fewer tax returns. down 6% in pre market. >> fort net. >> cirrus logic. >> you mentioned one of the stocks to report today will be facebook. rel

jack dorsey says there are 310 million twitter users in the world. company is trying to make its product less daunting for new participants and has recently hired a new marketing officer and created a life news stream called moments. that samsung has decided that if you can't beat them, join them. we are hearing that company is in talks with apple to be the exclusive supplier of displays for iphones scheduled for release next year. it is tempted to spend $9 billion to beef up its capacity brighter, andner, less training screens. apple sold more than 231 million iphones last year, while samsung display made about 3 million keepns a month, so just to pace, sam son would have to boost production by a factor of at least six. shares currently looking like this in seoul, korea, down a quarter of 1%. we will be watching galaxy entertainment shares on the open in hong kong at the bottom of the hour, the macau casino operator has reported a 2% decline year on year in first-quarter revenue to $1.7 billion, first-quarter profit rose 6% to 314 million dollars, s

i sat down with him and asked him to test his theory and started by asking, is it jack dorsey's faultter has seen its stock slide and user growth stagnate? take a listen. guest: no. because he's not been in place long enough. i don't think six months -- emily: whose fault is it? guest: dick is one of my favorite human beings i've ever met. if we're going to go on this thesis, he had a nice long run and the product didn't innovate enough. now, again, this is why i don't like blanket statements. i don't know if dick had a deal with all the dynamics on the board, all the original founders, maybe he was crippled by the politics. i don't know. but the product did not change for five years, it lost the attention of the young consumer. that's what all these people trade on. i don't think it's his -- definitely not jack's fault. he's only been back for a few minutes. but they have to make moves. i think the product has real flaws. i'm sitting with you right now because of twitter. twitter put me on the map. emily: you were an early investor. guest: early investor from the outgoing c.t.o. that

from ggv capital's glenn solomon about the firm's new $1.2 billion fund to find the next elon musk jack dorsey> the following is a paid presentation for the nuwave oven pro, brought to you by the makers of the nuwave precision induction cooktop. >> professional chefs create great tasting meals from years of experience and by using professional equipment. now, you can too with the nuwave oven pro. the number one countertop oven in america. no more defrosting or preheating that giant oven. the nuwave cooks all of your meals faster, better, healthier, and easier guaranteed.

emily: jack dorsey has been back now for about six months, so we will be all over all of those companiespaul kedrosky, bloomberg contributor editor. as always, thank you so much for joining us on the show. and happy friday. time to find out who is having the best day ever. today's winner is amd, advanced micro devices. shares saw the biggest jump in more than 35 years, jumping 52% to just under four dollars. the search is due to a licensing agreement with a chinese state backed joint venture that will produce server processors. they predict it strong growth in the second quarter. that does it for this edition of "bloomberg west." do not forget to tune in this weekend. we will bring you the best of all her interviews from the week, including former twitter ceo dick costolo and googlex founder sebastian thrun. the best of oh "bloomberg west" this weekend on bloomberg television. ♪ ♪ announcer: the following is a paid advertisement for time life's music collection. >> ♪ chances are because i wear a silly grin ♪ announcer: there are artists will always remember. >> ♪ mona lisa mona lisa men

toward more diversity and get the growth going because that's the story is product and growth and jack dorsey does understand that. and hopefully having that work and again is always going to be sitting with this who is going to buy twitter. is it under pressure. it's not the easiest company in the world to be a board member of. >> you would think, especially he would be a marquee player you'd want to keep. one last point, kara, earlier in the week morgan stanley had pretty negative numbers in terms of expectations for user growth in 17 and we were sitting here talking with jim about it and jim said jack would be worried about that but today he's at square. so it doesn't matter. is that sentiment still living on? >> interesting. i recently saw him and i was asking him how he splits up the day. he goes over there at 2:00 in the afternoon so he spends half days at each place. he looks great. i think that's going to, i think does he have enough fire power. and at twitter too. >> and be in the numbers. if they improved and if they do better everybody will say it's great and if they don't they'll

away, which is what got .e back on twitter scarlet: very quickly, how about people criticizing jack dorsey jobs at once? >> so far, it seems to be going ok. i think that is a question for jack. he does seem very focused on the twitter business, and that is an important thing. scarlet: thank you very much. tracy: a quick programming no. to join bloomberg tomorrow, special coverage of the f1 see announcement. ♪ . . tracy: it isn't 1 p.m. in new york and 1:00 a.m. and hong kong. scarlet: welcome to bloomberg markets. from bloomberg world headquarters in new york, good tracy: tuesday afternoon. i'm scarlet fu. and i'm tracy alloway. stocks are fluctuating as investors brace for tomorrow's monetary decision. the dollar weakens toward a 10 month low. we will look at how the currency market is playing the fed anything game -- read guessing game. scarlet: we will take a look at what is behind the change in business strategy. tracy: and roger goodell talks about tom barry d -- tom brady's suspension and how the league plans to go digital. scarlet: you are not a football fan, are you? tracy: i'm a f

. >> the other person, jack dorseying tadorsey i could take a third job. he's on the board. >> you're joking, right? >> sort of, yes. >> i like ovitz. >> maybe they'll take the job together. voters in wisconsin hitting the polls today. john harwood joinin joins us th morning with more. >> reporter: andrew, this is an opportunity today for both the leading candidates behind the front runners to make up ground in the nomination race. they're both behind, ted cruz and bernie sanders. first of all, let's look at the republican side. you can see that donald trump has got a lead of not quite 300 delegates over ted cruz. on the democratic side, hillary clinton, 600 delegates up on bernie sanders. both are expected to lose today, trump and hillary clinton. they've been trailing in polls coming up to now. what's the significance of that? well, first of all, on the republican side, donald trump still has a path, even if he loses today, to getting the 1237 delegates he needs to be nominated on the first ballot. but every state he loses makes that a little bit harder.

vonnie: i was going say with jack dorsey having two jobs. leaders proven to be a at facebook. that disney needs to make a giant step into the age over the next 10 years, maybe sheryl sandberg is someone that can do that. outside of the company, there are a lot of media executives. peter -- is out there. a news corporation executive, spent a long time under rupert murdoch. doing a lot of interesting things in the digital media space. it would be somewhat unusual for them to go outside. tom: no one cares about your silly gossip. buy, hold, sell, disney. hold disney. we have been buying. our analysts for capital markets -- we see these types of things in a core stock, we buy more. tom: the cash flow is not under threat. brian: no. stock is this different then other media companies because of the cable component with espn. cable and media is all about broad pan. that is what comcast -- why comcast is a better start. disney is more about content. tom: they've got a big movie that will save the date? >> they have marvel movies. a jungle thing coming up. they have a movie slate for t

. >> along with jack dorsey, john chen, mark parker.t's a beautiful looking board. >> people are pointing to sheryl. the question is do they need a creative content person or a media technology person. >> just that chatter will send facebook down. she's extraordinary. you listened to conference calls, you know she's a multi talented individual viewed as great. >> ambitious, young would have to be considered in the small group of people fsh, if she's interested in it who has some experience. >> have you noticed where time warner is? back to 72? >> i have. >> that is the expansion on the earnings. >> yes. >> people at time warner -- jeff bui bukas is a great men, when the stock was at 60, he said it will get to 72. the entertainment group has come back. >> barron's over the weekend say it could go up 25% in a year based on the batman/superman franchise. >> that seemed a little much. >> yeah. i don't know. >> i still think in the coming world the question as to whether you need to watch -- last night maybe you did need to watch tnt or tbs.

so jack dorsey may be able to turn twitter into another square. >> it helps. to rotate into. facebook down and twitter up today. >> amazing, crazy stuff. we're all here tomorrow. >> we are. >> we hope you will be, too. that does it for "closing bell." thanks for joining us. >> "fast money" begins right now. >> "fast money" starts right now. live from the nasdaq market site overlooking new york city's times square i'm melissa lee. the traders are dan nathan, karen finerman, david seaburg and guy adami. tonight on "fast" legendary investor mohammed elarian said stocks could fall by 10%. where does he see them heading now? he's here in just moments and worst to first. and why it could bring you big profits and tesla falling after hours after missing delivery expectations for the quarter but something else could have an even bigger impact on the stock. we'll tell what you that is but we start off with breaking news out of washington. let's get right to

. >> we could say maybe jack dorsey started to make traction but this is anthony's work here, cfo of, right? >> it's a cool deal. not a big deal for twitter, at least financially, paying $10 million to stream ten games. this is really a tuck in for them but the idea can we -- do we have assets to help bring new users or old users to twitter and we'll find out in the fall. >> chris, we've come to know twitter as a place where you go to watch short spurts of content, whether it's on vine on periscope and nfl uses twitter for highlights. can they actually convince people? can twitter convince people that it's the place to sit in front of their feed for three or four hours that's the question. on both sides of the nfl and twitter are really looking at this as an experiment and you would think, you have to fish where the fish are and there's a lot of people consuming mobile content on these platforms and this will be a greatest case to how the live aspect works from both twitter and nfl side. >> chris, just to follow on that, i wonder if sports in general and nfl in particular, are almost

following krilt six but ongoing lack of diversity, jack dorsey tweeted more additions to the board soon to bring diversity and represent the strong communities on twitter. we'll have to see whether dorsey snags az big media personality. it's certainly worth asking why new names on the board have taken so long. >> should i be disturbed one tweeted for the first time today? >> this is not the first time there have been questions about how much board members know about twitter. the same thing was set when we got certain other appointments over the past couple of years. but the real question here, what each of these members is going to bring to the board certainly cfo of pepsi, he does have a lot of information. about how advertisers think about the world and advertising is twitter's business. he also runs the financial business of a big global company and that's what twitter wants to be. >> if you're on the board of ford, do you have to drive a ford? >> i think it would be mandatory. >> i was just asking. >> thanks, julia. see you later. >> 23 minutes before the closing bell, dow jones ind

some of which are truly users who went on twitter and unfortunately for jack dorsey just basically stopped using twitter. >> okay. i don't have enough fake or real twitter followers, so i retweeted -- >> that's because you keep blocking people. >> i do block people. in fact, i think most days i have a net negative for people that follow me versus people i block. but this time i tweeted out this picture of me. i'm with president reagan, who was a president. i don't know whether you remember. >> i heard about him. >> he was a president. he has this great quote about independence day versus april 15th and which party likes which. i tweeted that out again. if you want to see it -- >> oh, you want me to go? >> i'm trying to generate some followers. >> the reason you're doing that is because today is a special day. it's april 15th. >> although you have until monday. have you sent in that supplemental fair and equal check you usually send in after you've paid your normal taxes to get to the actual amount? to get it up to 90% or whatever. when do you send that one? >> i send my regular check in ve

the stock of dorsey and the rollout of periscope, are we looking at the incremental progress or treading the water? >> somewhere in between possibly, because they are interesting moves, and jacks a product guy. he has good ideas, but moving the ship in that direction, and keeping up, because stuff is changing very, very fast now in the mobile app consumer experience. i think that it is not just video in the periscope form. there is a lot more that can be done. even if twitter were to launch a product in that space could they scale it faster than a facebook could, so a lot of the pieces need to fall into play, and still look at the talent of the company, and we saw a lot of the executives leave, and interesting today if jack talks more about the bench. >> and the stock has been higher in this company, terry, higher than any other tech company, and so can they afford to keep people? >> well, all of the people need top people, and this is a factor of life, but the narrative here is wrong. the comparative narrative of twitter and facebook and the user growth story. and facebook at 1.6 billion, and mark zuckerberg says he wants to triple it, but it is not the right company to comp