jeffrey gundlach.ck to you. >> sticking with the long term dollar view at least strength in many many years, jeffrey gundlach, thanks to you. >>> up next striking new data on the housing market. the delinquency rate and percentage of underwater borrowers plunging but it's not all good news. that's straight ahead. >>> then we'll talk about the state of -- this is going to cheer you up. we'll talk about the state of the recording music with artist pitbull. we're first in business worldwide. thank you for being a sailor, and my daddy. thank you mom, for protecting my future. thank you for being my hero and my dad. military families are thankful for many things. the legacy of usaa auto insurance could be one of them. our world-class service earned usaa the top spot in a study of the most recommended large companies in america. if you're current or former military or their family, see if you're eligible to get an auto insurance quote. >>> the emerge america's conference in miami is underway. we have been co

bill ackman, david einhorn and jeffrey good luck -- gundlach are among the speakers. manus: it is brisk business literally on the streets of hong kong for the new sport watch. the scarcity and the huge demand in china has driven a thriving secondary market for apple's latest gadget. stephen engle went out for ray market watches -- gray market watches. >> stocking up on apple watches from resellers to give as gifts back home. >> the apple watches are more expensive in china. plus, i could not even find any in guangzhou. >> i did not expect this craziness to happen and i did not expect it to be such a hot item. i think people are going after the apple watch because there is a limited supply. >> what are the gray market prices here in hong kong? the most expensive one is 10,000 hong kong dollars. about 1300 u.s. dollars. the list price is about $700. if you want to pay almost double, you can be an early adopter of the apple watch here in china. >> it is new. that is why i want to try it. i guess i will have the pay more than 2000 hong kong dollars more than the original