josh brown, you have a trade here? >> yeah, i really like cbs.hink it's a pretty low-risk buy here. >> all right. up next, pete is spotting unusual activity around staples. he'll reveal exactly how he's playing it next. get your pen and papers ready. >>> what's a data game plan to fight off the sports apparel space? sarah eisen set down with the ceo for an exclusive. we'll bring that to you next. that and much more is ahead after a quick break. i bought a car, over and tells you, and you're like. a good deal or not. looking at truecar.com. there's no buyer's remorse. save time, save money, and never overpay. visit truecar.com tigers, both of you. tigers? don't be modest. i see how you've been investing. setting long term goals. diversifying. dip! you got our attention. we did? of course. you're type e* well, i have been researching retirement strategies. well that's what type e*s do. welcome home. taking control of your retirement? e*trade gives you the tools and resources to get it right. are you type e*? can you start tomorrow? yes sir. alright

josh brown, where does this leave us? 1900, first time ever. still concern out there, or not? >> something you don't hear from me often. today's action is totally inexplicable. i'm at a complete loss. i would probably tell you that what we're witnessing is browny in motion. essentially you're seeing particles bounce off each other without a lot of rhyme or reason. think about the cross-currents here. gold is breaking down. down 24 bucks or 2% below a key technic's level. traders are captivated by that. meantime, energy, the best sector, one of the best, this year, the only one of the ten read on the day. you have the two leadership groups, banks and utilities, which makes absolutely no sense. i don't care what macro explanation you want to try to spin, these two groups should not be leading together at all. they both have different drivers polar opposite. and then the trannies going wild. up 13 of the last 16 days. i haven't seen the trannies this excited since eddie murphy's birthday party. so i would tell you, it's simple. you don't have to have a reason for everything that'

. >> josh brown, people pile manage to treasuries, better hope it didn't turn anytime soon. do you short them? >> i would not short treasuries. longer dated treasuries even if they're only 10% are the only thing that will protect you if there's a tail risk type event in the market. so i would continue to incorporate bonds in to a portfolio. but on the equity side, i told you earlier this week, this is the twilight zone. stocks are in their own world. every sector is back above i20 and 50 day moving average. i don't understand what stocks are so ebb uhe plant about, but it's low volume. i don't know of anyone who is really pushing the needle and getting crazy long here. >> move in rates is stunning. and as gdp forecasts fin to go higher, goldman taking their forecast up to 3.9 from 3 bpt.7 the economic print comes in better than expected, what will happen to the flood of money in treasuries? >> i think what we're watching right now as in the last two sessions in particular is that we've got folks trading ahead of the draghi announcement next week, june 5th. i don't think drag

josh brown? >> not the first day, but i would invest in this business.would sales last year. >> you see these things everywhere. they're all over the mountain. >> i was surfing, everybody on the surfboards, people, this is the coolest device. you can understand the growth. everybody who sees one wants one. this is a company apple should have bought, in my opinion before it ever got. >> i would wear one on my helmet playing hockey. i don't know enough about it. i would wear one, i don't know if i would invest. >> i would wear one to lunch. >> so we could -- >> like an extreme lunch. you would need multiple cameras. >> chef was the bear on target. we'll see what the earnings produce, and then of course courtney's interview tomorrow. >>> final trades, give me some tickers. >>> epi, namaste. >>> have a great rest of the day, "power lunch" starts now. >>> halftime is over, the second of your trading today begin -- >> i'm going to wear a go pro all day one day soon. >>> gm, another major recall. we have all new details, plus trouble in the house. we're talking

josh brown, what's your final trade?buffett, the accounting error at bank of america is a buying opportunity. >> whole logic. >> d vice president n. >> go. >> travelers long. >>> power starts now. >>> halftime is over. the second half of your trading day begins now. >>> all right. welcome, everybody. the dow moving up on the back of yellen's economic testimony, but the momentum names dragging the nasdaq down again, the stocks leading the declines there, we will talk about that. what bubble fed chair yellen says stocks are not in bubble territory, but what is the ten-year note signaling about the stock market? we have a key auction just moments away. >>> get ready for what could be the

do you consider this a travel play or is this an internet play, josh brown?ave to say it is both. what's interesting about expedia is that it is in a really competitive market. there were no shortage of ways to book a trip online these days. yet they've continued to maintain the lead and i think brand is the answer. i don't think their technology is head and shoulders above orbitz or kayak. they just have a hold on a certain segment of the consumer that does this type of travel booking and it is working. no reason anyone should expect it to stop working. >> the big earnings people are watching for after market today are linkedin. but when you talk about a stock that's the poster child for this momentum movement of late, how are you looking at linkedin ahead of the earnings and what number do you really want to see in that press release? >> that's clearly been a poster child. priceline's in there. throw amazon in there as well. i think the stock has sold off significantly enough where you might catch more of a bounce off the bounce you saw today. valuation fin

josh brown won the debate on dick's sporting goods. he was the bear. days, the outlook as well. all right. it is time for final trades. dr. jay, you're up first. >> josh won on the negativity side. i'm buying ibm, the indian banking stock. >> i've got two, a seller of the pocket square. second is i'm short vale. i think it will break 13 again. >> pete? >> i'll buy the pocket square. i love the banks, they have started a bit of a turn. i think citigroup is going higher. >> dr. jay, it takes a lot of guts to come out publicly. congratulations. >> retail summit coming up on power, that's next. >>> halftime is over. "power lunch" and the second half of the trading day start right now. >> we we come you to "power lunch." stocks are recovering. we're off the highs of the day, but still very much in rally mode. right now the dow jones industrial average up 135 points the nasdaq is up 23. the s&p 500 is up about 11 1/3. thee 2.51%,

the anti-josh brown train. >> twitter. >>> have a agreed weekend. "power lunch" starts now. ? >>> apple apparently gearing up. cnbc has confirmed that apple is in talks to make a play for the music company beats for more than $3 billion. the rapper, dr. drea, one of the men behind beats, but what is the company? and is it really a good fit for apple? apples and beets great on salads with walnuts, but we'll explore. >>> we'll take a look at all of those and more, and sell in may, go away. you know the saying. how is that old saying holding up? we're going to focus on value over growth. first, sue? got your beats, sue? >> i do. i like that. for more than $3 billion, but what is beats, and what is behind? why does apple want to make this acquisition in this space and with this company? morgan brennan is live at an apples store for us. >>> so beats electronics was founded in 2008, essentially two businesses under one umbrella. the flashy high-end ear phones that actually retail in apple stores already, and actually already enjoy their own display table. the second is a music strea

when i had a debate with josh brown last friday on this topic, i didn't think it was a terrible acquisitionrpaid, but if you can somehow get jimmy ivine involved, on the music side, then it's worth a lot, but still not worth $3.2 billion. >> if this deal happens, which it has not happened yet, don't we think it has to be more about the headphones? >> it's not about technology. it's not about buys headphones. i would say this guy spoke too soon. we haven't heard the vision, but it's technology-driven, maybe it's wearables, but not to put an apple on the headphones and take the "b" off. >> anthony? >> i think -- >> by the way, we tried to get sacks from yammer, which was bought by microsoft, and we haven't heard back. >> i think this is an intellectual capital acquisition as much as anything else. if we go back, bangone was purchased by jpmorgan, a lot of different reasons, but the main one was to get jamie dimon. this will be positive for apple. it's not that expensive. >>> we have tallied the results about our ibm debate. you have steve wyche, the bear, won the debate. steve, congratulation

josh brown, what's your final trade? >> i'm with warren buffett, the accounting error at bank of america is a buying opportunity. >> whole logic. >> d vice president n. >> go. >> travelers long. >>> power starts now. >>> halftime is over. the second half of your trading day begins now. >>> all right. welcome, everybody. the dow moving up on the back of yellen's economic testimony, but the momentum names dragging the nasdaq down again, the stocks leading the declines there, we will talk about that. what bubble fed chair yellen says stocks are not in bubble territory, but what is the ten-year note signaling about the stock market? we have a key auction just moments away. >>> get ready for what could be the biggest ipo in u.s. history. alibaba plans to go public. yahoo has a major stake. what does that ipo mean for yahoo and its shareholders? one of the wall street's top internet analysts will weigh in on that, an the battered social media stocks. are these battered shares a buy? first let's check in with sue at the n dwris

josh brown is here and traders are joining us today. what are you watching out for tod today? so many big investors here. >> yes. what makes this so poignant like the ira sohn conference, investors on the long and short side, this has been a year they have been able to benefit by buying cheaper stocks and avoiding or betting against we'll hear about later some more expensive stocks. in a year like last year all investment works, up double digits, it doesn't matter what you own. this year, markets essentially flat and stock picks actually helping as dispersion and correlation drops. >> we wonder if you will hear, as kate referred to, this continued bubble talk from some big investors. you're hearing from the einhorns of the world, maybe cautionary words from mr. dan lowe out at milkin, mentioned by many of the big investors there. that's going to be key to hear from these folks whether they agree. >> that's right. i'll tell you that a market like this you're rooting for trade and whether you have a shot to outperform the s&p. you really didn't have a shot last year. this year y

josh brown, what do you make of jillian's premise and just simply the way that the markets have been reacting? >> jillian is very right here. i really think we're not just talking about lack of -- we focus on the equity markets, lack of volatility. and that is a seven year low on the vix. but there is also historical lack of volatility in the currency market. look at the bond market. you're talk about a three honesty band of 0.2%. 20 basis points for the ten year. the lowest flee monthree month seen in the last 35 year. >> is this the calm before the storm? >> it doesn't mean it is a ms tt top, but you're not rewarded when there is zero volatility. you're rewarded when you buy during volatility. so i don't think this complacency is healthy and i don't think it goes on forever. >> i want to bring another voice into the conversation, as well. we've been watching this precipitous drop in yields and our next guest says it's not a sign of something sinister looking. kate morris, jpmorgan private set, welcome back. you've heard the conversation. so what do you make of what we've seen, some

i see josh brown walking around with them and the music is not even on. you wonder if that's why they like it. >> listen. you're right. the fashion side of it has been underappreciated and it's a big deal and it's a status thing and people like to walk down the streets with them, but it's not global yet and there's a lot of room. if people want to look trill, this is absolutely how do it. >> i'm thrilled. >> trill. >> trill? >> these are the trillest he headphones on the market. >> you want to be trill. >> ask your kids. >> i'm sure. >> it's a tiny acquisition but it's the signal. google osh facebook bought oculus. you have facebook making all kinds of acquisitions, hey, in the future this is going to be a $2 billion industry and apple comes out and buy some headphones. that's the problem. it just fell flat on the market. >> speaking of google, guys, ghoul google is trill. >> how do you spell it? >> two "l"s. >> the apple deal might be news to us but we've got someone who called it in april but as an april fools' joke. let's bring in joe, variety contribu

josh brown had a couple great trades, getting short.ure where he covered it at which point, but i didn't -- i wasn't short the name. i just never got the opportunity to get in and i don't want to chase it up here. >> it's like being sort of wrong. i'm not trying to rescue you. >> i missed the trade. it's been a great run out of the stock. absolutely. >> but the ibb, this was another area that got crushed, but very different from the likes, joe, of a fire eye or go go. and now look at this, 230-plus. >> okay. maybe it did, maybe it didn't. again in 2014 environment it's confusing enough. it's not the place where i want it to be. i'm sure that josh covered it perfectly at the bottom on his short. >> wait, wait. is that sarcastic? >> no, no, no. wait a second. that came out wrong. i'm sure he did. i'm sure josh did cover it perfectly, but again biotech, these real high momentum spec type of names are where i want to be. i do think josh covered it perfectly. >>> all right, coming up next final trades and winner of our -- and (mother vo) whe

josh brown, what's your big take away from talent going to be this year? i'm speaking with seems to be concerned with two things, number one, strengthen the dollar and technical setup, look at the euro has a lot of people concerned and jives with mr. tepper's comments what the ecb needs to do. we're having sell-offs but there still seems to be complacency. the volume. no one seems to be doing anything about it. today, one of the lightest volume days of the year despite negative news from walmart and consumer confidence not good and that is the conversation coming up the most and continuing. >> joe. >> i think we don't talk enough about behavioral finance. jamie dimon did a great job of that yesterday. the take away for me is what is going on right now in the market with the 10 year is about behavioral finance. not about the economy inflation deflation, about money managers expecting it to go one way and it did not. right now, in terms of weightings and allocations we are positioned the wrong way. it's a behavioral move and won't rectify itself any time qui

josh brown? >> yeah. and they have been for about two years now. the u.s. is one of the most expensive markets in the world on a cyclically adjusted price-to-earnings ratio, selling out at about 25 times, and we can make a million excuses for why that's a skewed ratio. okay, that's fine. but historically when you've brought in a cape ratio north of 20, you haven't done well over the forward five-year period. contrast that with europe. buy stocks 13, 14 cape in a lot of the countries there. look at japan. even though there's a big run-up, still a cheaper market by a lot of measures. i think the investor that's 100% focused on the u.s. market is doing themselves a disservice. when you look at the global opportunities set for equities, u.s. stocks are only half the world's market cap. it's a big world out there, and there are other markets that are working out very well this year, india being a great example. we like it a lot. >> india over the last month, murph, up 8%. are the best opportunities right now right here in the good ole u.s. of a, or elsewhere? >>

. >> read josh brown's book. >> thank you the phone. >> colin? >> i agree. >> what about your point about fannie and freddie maybe distorting the volume numbers that we're seeing right new in the pink sheets. >> if you back out fannie and freddie and there's a bunch of foreign stocks listed on the pink sheets or that trade on the pink sheets because they aren't listed, volkswagen and things like that, actually volume increase is larger if you back them out, so there is actually a big rise in trading of penny stocks. i don't think there's any doubt about that. to the point about fannie and freddie, those are lottery tickets, too. people in the government have said we're going to wind these down. there's not a congressional debate over that. there's no reason for anyone to think that those will be money good either. >> that's a whole separate segment. >> right. >> people think they will be trading at 25. like you said. they had a different discussion, colin, it was a great piece, and i guess the last thing that i would just say -- i know we're out

josh, thank you very much. >>> come is the 60th anniversary of brown v. board of education that struck down school segregation. they're meeting with families of the plaintiffs, including linda brown, at the time, a girl denied admission to all white neighborhood school blocks from her home. we will have that interview with her next. uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today. and we'll be here at lifelock doing our thing: you do your shop from anywhere thing, offering protection that simple credit score monitoring can't. get lifelock protection and live life free. >>> coming up, what happens when the tea party tries to replicate occupy wall street and the arab spring. that's ahead. ...and we'll replace destroyed or stolen items with brand-new versions. we take

josh haskell, abc news, new york. >> he's such an impressive guy, right? >> wow! >> let's talk about the schools he rejected. >> here they are. he passed over, harvard, princeton, brown university of pennsylvania. >> passed them over. >> sorry. not going to come. when i was accepted in to all eight ivy leagues, i passed over all of them. >> community college. >> i went to hofstra university. a couple of steps over community college. it's a great school. >> my sister went to hofstra. >> there you go. how about you? >> i went to nyu. i wanted to live in new york city. >> only reason. >> and they gave me a lot of money too, for real. >>> all things mysterious on this "throwback thursday." >> what happened on this week in 1993 that sparked a frenzy to find a monster? you're watching "world news now." >> announcer: "world news now" continues after this from our >>> all right. we are venturing into the spooky side for "throwback thursday." >> it was this week 81 years ago the first modern sighting of the loch ness monster took place. the news broke in the local newspaper. a local couple said they saw an enormous animal in the water. the newspaper made the editorial decisio