minute, right, kayla?d. right now, 13.5 million shares. the indicative price $22 a share, now looking $21.75. we're told it should be opening close to 11:00. it was previously expected at 10:25. nonetheless, very strong demand for the stock. only 12% of ipos in the second quarter have priced above their stated range. this is one of just an elite few, in a pretty choppy market, guys. >> your thoughts on this issue in general, jon. you actually tweeted provocative thoughts about it today. >> yes. >> you err on the side of liking it. >> i do. and i know cramer doesn't. here's why, alibaba -- everybody loves alibaba right there. huge. but this is a little more like an amazon play. jd's got, let's see, 323.3 million orders, 86 warehouses in 36 cities in china, more than 24,000 train delivery staff. they actually deliver their own orders there. that's hard to build, and they've got this extended network. plus they just did this deal a few days ago with 10 cent, alibaba's archenemy, where they'll get prime placem

i'm kayla touchy in the newsroom.aba would be structured with a super majority for jack ma or joe side the ceo. we don't what their percentages are. but interestingly the alibaba partnership made up of 28 executives, a simple majority of those executives can oust jack ma the founder and executive chairman of this company or joe tsai who is currently the leading executive there. alibaba, it doesn't look like there is much of one. four directors listed including jack jackie reses. reses will step down. they'll have to add six directors between now and the time they ipo. >> thanks for that. interesting stuff out of the . f-. -- f-1. >> the call wrapped up. it was a brutal one for management. analysts hammering the management of increasing competition. obviously investors were not happy with the results nor with what happened on the conference call. the stock absolutely plunging. lower guidance and sales predicted. not our finest results. when it comes to competition they said this is the most competitive environment that

hi, kayla.now, when we talk about treasuries, i think you really have to start looking at the spread relationships. so as i'm talking, what you're going to see is a five-year chart of spanish 10s versus bunds. the italian 10s versus bunds and a 10-year chart of the treasuri treasuries versus bunds. and why is this important? because in the end, i think that the effect on bund yields, 10-year bunds, based on what we see in the southern european areas, whether it's italy, whether it's spain, portugal, greece to some extent, that i can't tell you how much on that relative value trade it's affected bunds, along with the weaker economy, but it has. then, of course, the bunds come back to spread against our 10-year, against the gilts, so what ends up happening, it's like a daisy chain. these valuations, in my opinion, aren't market driven. they're manipulation driven. they affect bunds. bunds affect tens, and the whole thing becomes very difficult to quantify. that's why i call it kind of spreading co

over to you, meg. >> thanks, kayla.is morning hours after they announced the deal to sell the consumer over-the-counter health care products unit to bayer for $14.2 billion. he told us that merck is in the process of repositioning itself to focus on areas of strength and get out of areas where it can't be a leader and we could still see more. >> we're going to look for the best growth opportunities within that portfolio. so i wouldn't say we're finished. we're going to continue to evaluate opportunities to create value, that would buy things that would make sense, a value creating opportunity, and to keep and build on certain things. >> now, mr. frazier was very clear that they don't want to do a mega merger along the lines of what we've seen -- potential deal between pfizer and astrazeneca, but however, he did highlight the pipeline opportunities in cancer, hepatitis c, diabetes, alzheimer's and other areas and said they'd be looking at those areas. we did also talk about taxes. this is a huge issue right now, especial

kayla tausche is with us this morning. becky has the day off. >>> big news, at&t officially in active talks to acquire directv, telecom giant reportedly closing in on a deal valued at close to $50 billion, $48 billion is the number. could be announced in the next couple of weeks. at&t could offer as much as $95 a share for the satellite tv provider which would put the value of that deal at 48 billion. there were other reports saying at&t would go as high as $100 a share. directv is working with advisers to evaluate a possible combination following a recent takeover approach from at&t. take a look at shares of at&t right now this morning, looking at 36.53, down slightly in the premarket. this can have huge implications, this deal, for the come cast time warner cable deal, one of the reasons at&t and directv are going forward is to put it on the same table in front of regulators. it may make it harder for the time warner/comcast deal to go forward. >> it will be interesting to see if the comcast/time warner deal does fall ap

like kayla amy.ship took off when she chronicled daughter scarlett's struggle to survive at birth. >> i really believe strongly in being vulnerable with other people. i think that's just part of our community, is wanting to connect to other people. >> reporter: the internet allows us to do that in a whole new way. >> it does. >> reporter: companies like dove have quickly realized the power of these women as marketers. >> the blogging community are -- they're consumers. for us getting their input and feedback on dove products is an unbelievably valuable piece of information. >> reporter: getting paid to blog about a product means a hobby can turn into a livelyhood. kayla says she will only promote products she likes herself out of respect for her readers. >> i don't want to ever mislead them or take advantage of the fact that, you know, they take time out of their day to visit me. >> reporter: the mom 2.0 conference is a mix of the commercial and the civic minded. kayla supports her local neonatal icu

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hey, rick. >> hey, kayla. this tie isn't going anywhere, trust me.es started moving down in pretty much the entire universe bucking that trend, i remember we had many debates, and i always had one notion in mind. keep it simple. what would be a reason for rates to go down? a nasty stock market. it's the only hedge against a nasty stock market. and indeed, you know, when you drive the bazooa, what do you get, long-term volatility, and it has arrived. here's my point. here's where the dow jones industrials average started out the year. okay? by february 3rd, like five weeks, it was trading at 15 -- 3.72, lost 1,200 points. where was the interest rate? february 3rd is when we reached that very significant 2.57 close. we just took out in the last day or two. so we went from 3.03 down to 2.57 because of that dynamic. so does it surprise anybody that as we took out the february, we're seeing a relationship, you could say tail wagging dog, dog wagging tail, but in the end, this is risk and it's volatility. and it's kind of payback volatility. just consider

kayla joins us from the new york stock exchange with the highlights. kayla? >> scott, not quite as contentious as last year, of course, when there was a proposal on the table, an attempt to split the chairman and ceo roles atop jpmorgan's structure. but an interesting nuance this year was a ruling that came out a few weeks ago from glass lewis urging shareholders to oppose a $20 million pay package for ceo jamie dimon last year, they said because of the huge settlement the bank inked and some other shortsights on the risk management side they did not believe that such a 74% pay raise was actually justified. but shareholders voted today, this morning, 78% approving that pay package, and while that isn't as much as they approved the directors by, it's a vote of confidence that dimon does urn what he did get for 2013. the board at this point will not have to go back and decide whether they should recalibrate that pay package for last year. some interesting comments from the lead outside director, lee raymond. he said that he believed that mega $13 billion settle

kayla tausche looking through the details fours what. are you learning, kayla?1 for ali baba, very few details, a $1 billion placeholder for what ali baba hopes to raise through this offering. we're hearing it could be upwards of $20 billion, one of the biggest ipos in u.s. history, but, of course, they are just going to hold that place with $1 billion. no symbol, no exchange quite yet. no idea on timing because, of course, the s.e.c. will need to go through this document. we're seeing six banks as expected lists in alphabet call order on the front of this filing document. one of the main numbers that investors are going to be looking at is gross merchandise volume. that's the amounts that transacted and goods bought and sold on the ali baba platform. last year that was $248 billion, a multiple of the business that amazon and ebay do on their businesses so it shows you the scale of what ali baba is doing here. a big pores of that is mobile, not as many as expected so those are the two key numbers most people will be chewing on. more when we go through the docume

kayla and carl. >> that's a nice synergy, rick.rates to european markets and bring in simon. >> the european markets lower than they were, and the same rate wall street has fallen back down, and the european markets have come up to the six-year highs but back down. a lot of stalk in the "wall street journal" talking about the bundes bank, going to buyout packages of bank loans. it's kind of where we knew we were, but it's a reinforcement of the idea that the most powerful central bank is behind draghi. interesting it has added to the pressure on the euro. look where we've traded over the last week. this is for one week after draghi held the news conference, down 1.6%. that's a big move on the major currency pair. as far as the stock markets in europe with concerned, the earnings, call europe, industrialized europe, has pleased a lot of people. airbus up 6%. germany's largest steel maker up over 4%. in the u.k., tailor, house building, has been suggesting they will exceed their estima s estimates, meet or exceed estimates, by the en

>> yeah, kayla.ving consumer pain points and atte t attempting to fix what i said many times has been a slow arrogant industry that has not focused on consumers. so one by one, whether it's contract, no contracts, anytime upgrade, international data freedom, the things we've done now with paying the etfs and breaking up the need to stay stuck in contracts, as you said, we abolished overage. overage freedom. and that's just a statement that it's silly to punish customers for not predicting what they want to do right. and you're right. i moved to petition to change.org. i have 171,000 signatures. asking at&t, verizon, and sprint to join us. move to not punishing consumers because they made a mistake. overages were over a billion dollars last year. 20 million customers why wr impacted. it's just wrong. >> but the question is if everybody starts doing what you're doing then what's your competitive advantage? >> see, my competitive advantage is that everything we're doing -- i've said many times, the unca

kayla?s really on fire in the twitter sphere now is this comment about it taking five to eight years to get the fed's balance sheet back to pre-crisis levels. is that something new we've haven't heard before? >> yeah, so people, i'm not sure, are paying attention. we've done several stories on that number, kayla. five to eight years would be, what, 19 to -- what would that be, 22, 23, in that zone? so the new york fed puts out a projection that we've reported on several times that says that under current assumptions of the market, essentially, this is when the balance sheet would get back to normal, and that's right in line what she's saying with that number. the balance sheet does not come back to $800 billion. it ends above $1 trillion if i recall correctly. it's not a new number, but perhaps, you know, the market, when they hear something -- sometimes it causes them to get excited. >> all right. thanks, as always. steve, we know you'll be back at news merits. thank you for monitoring that

. >> kayla taylor is talking about her good friend on the football team from livermore. he was arrested by berkeley police after an incident on on tuesday. it happened on bancroft way. >> the insurance department occurred -- the incident occurred during a fundraising event so there were students in the area for that event. >> the victim said he got into an altercation and the suspect, drew, kicked his dog and punched him in the face repeatedly. taylor says that's not the friend she knows saying drew is a great person. the athletic department says they are tracking the case and cooperating fully. drew has been suspended indefinitely from the team pending further information. >> i think we need to be careful as student athletes. we are under a microscope all the time. >> they have had problems with players before. lasts year two team members got into a locker room fight that sent one to the hospital. >> the dog may have attacked his client of the he also says the focus right now is getting drew out of jail. . >>> a scoul player from -- a basketball player from the sketp ar

kayla?ired kind after warning shot at the exchange trade fund industry. it was the shot heard around the world. black rock ceo said in his view, leveraged exchange traded fund have what he called a structural problem that could blow up the whole industry one day. >> quite a claim. our next guest says fink is wrong and that the etf structure has already been through stressful times and proven that it's sound. joining us now with more on that, luciano syracuseno, thanks for joining us. where do you think fink got it wrong? >> i think you need to appreciate the scale of the short leverage today. it is about 2% of the $2.7 trillion in global etf aspects. only a small speck of the total assets out there. this notion that it will have a disproportionate impact on the industry, you need more evidence to presented to make that assertion stick. >> he talked about the etfs that load up on debt to amplify the move one way or the other. he says -- we've seen this in other mechanisms in the past that too

kayla? >> ty, alibaba says it's planning to raise $1 billion, but that's just a placeholder used to calculate registration fees. it could raise upwards of $16 billion which could make it the biggest tech ipo in history. yaw hoar required to sell a third of its holdings in the deal. the filing only detailed the top stakeholder soft 2k7 bank founder, and kreismt off joe tsai, but it's expected that others may -- as wall street additions into the -- probably the most impressive thing they are see is the 48% operating margins on the revenues that alibaba made last year, meaning when you look at those numbers, google, ebay, amazon may have had highers sales, but alibaba is more profitable. that along with the 5.2 billion in free cash flow has investors salivating even in a market where support for these so-called momentum names is winning. amazon at $137 million market cap, that's 43 times amazon's free cash flow. if you pin that multiwall to alibaba, that company would be worth $223 billion. it'

so he anhis wife kayla parker, elaborate reveal. here are the two boys talking about daddy, thinking about who set up this box. >> you think daddy sent it? >> yeah. >> both boys get excited. they want to open it. first, they have a message for daddy. >> i miss you, daddy. >> they're cute little boys. look at his dimples. >> yeah. >> say, hey, daddy. >> hey, daddy. >> meanwhile, can you guess where daddy is? >> daddy! >> you're so young. eight months is a really long time. >> well done, guys. thank you for your service. >>> it is called song my dog wrote because the music is from the dog's perspective. now get the emotional story of why calvin's owners are giving him up for a higher calling. >> that's right. >> and all cheers for this soccer game until -- >> in walks grannie. >> find out what knocked her off her rocker. >>> plus, we have an ipad mini to give away. get today's buzzword for your chance to win. toto y youou...... ththey're momorere t thahana pet so protect them, with k9k9 advantix ll itit's's b broroadad s spepm protect

. >> he and his wife kayla parker set up an elaborate reveal. here are the two boys talking about daddy, thinking, who sent us this box? >> do you think daddy sent it? >> yeah. >> both of the boys get very excited because they want to open it. first, they've got a message for daddy. >> i miss you daddy. >> they're cute little boys. look at the dimples. >> oh, yeah. >> say hey, daddy. >> hey daddy. >> can you guess where daddy is? >> oh. >> when you're so young, eight months is a long time. >> well done guy. thank you for your service. >>> hey, everybody. it's time to give away another ipad mini. >> i'm sure you're going to need a buzzword and twitter account. it's easy to create one. >> the buzzword is coming up in a little bit. you have to be at least 18 years old and u.s. resident to enter. >> stand by for the "rtm" ipad mini giveaway. >> a big part of the sport of motor cross is just flying through the air, right? that's the whole idea. keep your eye on the guy up ahead here right in the middle. looks like he's wearing an orange jersey. >> oh

i'm kayla tausche in for kelly evans.oin me in just a minute. >>> the dow finished down 23 points, that's off the lows of the session. nasdaq holding on to a 13-point gain. s&p down by less than one point. avon products, the worst mover on the s&p 500. we want to bring in today's panel, cnbc contributors carol roth and josh brown, our own sharon eper southern. also with us today is john tapper from bar rescue. for more on today's markets is "fast money" trader guy adami. guys, welcome to today. seems like it was a relatively quiet day of trading. not that much to write home about. josh brown, i know you can always find something colorful to say about this market. >> i think the biggest thing that's going on right now, we cannot figure out the bond market. bonds are still on fire. tlt just took out a high that hasn't seen since 2013. according to the cftc, short positions in the 10-year bond hit the highest level they've been in four years. everyone is leaning the wrong way. utilities are ripping. it is just a very bizarre

. >>> let's move on to more serious matters, kayla.an you give us an update on the valuation of uber? >> speaking of things that rise. there have been reports about uber in talks for a new round of financing.firmed term sheets ar due. there's a lot of money on the sidelines from some of the sophisticated investors like blackrock, fidelity, wellington, and we'll be covering more of them on this show. but this $500 million round, this would value uber in the realm of $12 billion. remember, a couple of weeks ago they were talking about a valuation of $10 billion. but here's what that would look like. so $12 billion valuation. that would be little more than 3x, what it was valued a year ago. they did the most recent financing last july. it would be 7% lower than the $13 billion roughly market cap of hertz, the rental car company, that had $10.77 billion in sales last year. now, this story points out that uber has -- or is expected by some of the investors to have projected net revenue of $1.5 billion in 2015. that sort of speculation at th

. >> kayla taylor is talking about her good friend on the football team from livermore. he was arrested by berkeley police after an incident on on tuesday. it happened on bancroft way. >> the insurance department occurred -- the incident occurred during a fundraising event so there were students in the area for that event. >> the victim said he got into an altercation and the suspect, drew, kicked his dog and punched him in the face repeatedly. taylor says that's not the friend she knows saying drew is a great person. the athletic department says they are tracking the case and cooperating fully. drew has been suspended indefinitely from the team pending further information. >> i think we need to be careful as student athletes. we are under a microscope all the time. >> they have had problems with players before. lasts year two team members got into a locker room fight that sent one to the hospital. >> the dog may have attacked his client of the he also says the focus right now is getting drew out of jail. . >>> a scoul player from -- a basketball player from the bay area

i'm bill griffeth. >> i'm kayla tausche. >>> the threat of an oil war. vladimir putin making it clear he would make life very difficult for western oil companies who do business in his country if sanctions get too tough. we'll get the latest and find out what impact this could have on gas and energy prices. >> it could get ugly. >> it could. >> but at least they're talking oil, not military.

. >> kayla taylor is talking about her good friend on the football team from livermore. he was arrested by berkeley police after an incident on on tuesday. it happened on bancroft way. >> the insurance department occurred -- the incident occurred during a fundraising event so there were students in the area for that event. >> the victim said he got into an altercation and the suspect, drew, kicked his dog and punched him in the face repeatedly. taylor says that's not the friend she knows saying drew is a great person. the athletic department says they are tracking the case and cooperating fully. drew has been suspended indefinitely from the team pending further information. >> i think we need to be careful as student athletes. we are under a microscope all the time. >> they have had problems with players before. lasts year two team members got into a locker room fight that sent one to the hospital. >> the dog may have attacked his client of the he also says the focus right now is getting drew out of jail. . >>> a scoul player from -- a basketball player from the bay area

kayla?. >>> the next guest has led investments in alibaba and set on boards of yodel. we want to get his insight on what to expect. and we welcome alex ferrara. good morning. >> good morning. >> so we got the f-1 last week. we have about three months or so before the trade actually happens. what are you focused on between now and then? >> well, i think we've been spending a lot of time going through the f-1, doing primary research, using expert networks to talk to people selling through alibaba, in china, trying to get -- just make sure we can get a better picture as to what the growth we think will look like going forward, southwest the profitability. >> when you led an investment in alibaba, it was two years ago at a previous company. what was it about alibaba then, at that time, that caused to you say, this will be big? >> sure. so alibaba is the largest private e-commerce company in the world, operating in what will be the largest e-commerce market in the world. so i think on a macro sca

kayla mcgee has their story >> reporter: for these mothers in northern nigeria, desperate to get their daughters back, the grief is raw and matched by raising anger. they came together to press the government to find the more than 270 school girls snatched by boko haram nearly a month ago. and to hear some of the girls who managed to escape revisit a harrowing or deal. >> translator: when they came in, they asked us to gather at one point. then they started asking for the location of the engine block. we told them we did not know. they threatened to kill us if we didn't tell them. >> another girl gave an emotional account of how they decided to run for their lives. when we got to the bush, they asked us to get out of the cards. i told my friend that it's better to be killed than taken to a place we did not know. we got out of the car and started running. >> the families still hoping to see their daughters runner home are calling for more government action. . >> this woman asked the crowd what they want. the chorus answered please help us. we want other children found. the world's large

kayla, back to you. >> all right. thanks so much for that, rick.hin, director for ubs financial services. good tuesday morning to you. >> good morning. >> looking at a match of consumer confidence what do you make of the data and what it means for today's trade? >> the morning's data is not going to be a problem for the bulls. they have the momentum back. they have a minor obstacle in the s&p, the area between 1910 and 1913. and if we push through that, then things should be all right. i think the big surprise so far this morning is that you didn't have more activity. there's been a lot of people short this market and for the s&p to make a record closing high, you would have thought they would break out a little further. the negative was it was the slowest day of the year, but the price is right. >> when you look at the s&p nearing an all-time high even today and the vix under 12 as we go into what is normally a slow summer, is that ominous or do you think that's a good sign in terms of the smoothness of the markets ahead? >> i'm not really an expe

it's off session lows, down about 7% on today's session, kayla.been called one of the sexiest ceos alive, and today she's talking to us. she is nasty gal founder sophia amoruso and she will join us. we'll tell you what's moving across europe when we come back. a more enjoyable way to get your fiber. try phillips fiber good gummies. they're delicious, and an excellent source of fiber to help support regularity. wife: mmmm husband: these are good! marge: the tasty side of fiber. from phillips. woman: welcome to learning. spanish in the car.c on. passenger: you've got to be kidding me. driver: this is good. woman: vamanos. driver & passenger: vamanos. woman: gracias. driver & passenger: gracias. passenger: trece horas en el carro sin parar y no traes musica. driver: mira entra y comprame unas papitas. vo: get up to 795 miles per tank in the tdi clean diesel. the volkswagen passat. recipient of the j.d. power appeal award, two years in a row. can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're

. >> my name is kayla bergeron. i worked in the north tower for four years.ne on our floor, people who knew each other and who didn't, started walking down 68 flights of stairs together. it was orderly and calm. and for every step we took down, the firefighters and police were climbing up. when we got to the sixth floor, it felt as if the whole world started to shake. it turned out that the south tower had collapsed. suddenly, there was confusion, and we were climbing over wires and desks. port authority policeman helped us find our way through. my friend patty and i got separated from everyone, and we were long thinking there is no way out. then we heard a bullhorn that said if we could hear the sound follow the light. we went this way and that way. and after what seemed like forever, we got to the outdoor staircase. i have walked those stairs a hundred times, to the street, to stop at the post office, never to give it a second thought. but now they were all that separated us from the devastation behind us and life n front of us. today, when i think about th

. >>> ahead of the float, kayla tausche has been taking a look at who is set to benefit most from theny going public. >> while alibaba group still looks to be on pace to be the biggest ipo to hit the u.s. market on record, it does appear to have hit a bit of a snag. we were expecting the f1 filing, detailing alibaba's financials ahead of that ipo to hit as soon as last monday but we still haven't seen it yet. now that i'm talking to sources, they say we still might not see it until next week. a few reasons are being cited for this delay. number one, the document could be upwards of 400 pages. with various groups making up this business model, executives, underwriters, examiners, auditors, there are a lot of parties that need to give their sign off, krot the ts and dot the is. the second reason that's being cited is, of course, alibaba has recently been bemoaned for its rampant selling of counterfeit goods on some of its sister sites. others have not been happy about that. auditors will need how to figure out how to treat those proceeds as well. there's been a continued focus on deal m

. >> my name is kayla bergeron. i worked in the north tower for four years.each other, and who didn't, started walking down 68 flights of stairs together. it was orderly and calm. for every step we took down, the firefighters and police were climbing up. when we got to the sixth floor, it felt the whole world -- it felt as if the whole world started to shake. it turned out that the south tower had collapsed. suddenly, there was confusion and we were climbing over wires and port authority policemen helped us find our way through. my friend patty and i got separated from everyone and we were alone thinking there's no way out. then we heard a bullhorn that said that if we could hear the sound, follow the light. we went this way and that way and after what seemed like forever, we got to the outdoor staircase. i had walked those stairs 100 times to go to the train, stop at the post office, never giving them a second thought, but now, they were all that separated us from the devastation behind us and life in front of us. today, when i think about those stairs, what

and here's kayla today. a happy, healthy ten-year-old. she was going to be here today in person except the weather kept her plane grounded in shuck. she his the face of biomedical research innovation made possible by investment by entrepreneurs. this committee, government scientists our nation's creative universities and businesses, our brain trusts and the american people, we have the right stuff. so help us to unleash it. thank you, mad dam chairwoman, vice-chairman shelby and members of the committee. i'm pleased to answer any questions. >> dr. cordova. >> thank you. madam chair, ranking member shelby, members of the committee, and senator cochran with who i have worked. i want to thank you for the opportunity to testify about the national science foundation and the critical role that plays in keeping the nation at the forefront of the world's science and engineering enterprise. it is personally grad identifying for me to appear before you as nsf director because full disclosure, i have had the pleasure of testifying in the presence of

joining me now is author of the book "young money," our own kayla tausche and dom chu and kate kellyd "fast money" traitor tim seymour. your take, does this mean today that those who thought the dow and s&p was sending the right signal and the russell and nasdaq would follow suit, are they vindicated? >> i don't think it's about positioning. people are concerned about bond market positioning. people feel that crunching yields lower which to me is more. people covering short positions on trade that wasn't working in terms of pushing rates higher. a place where equities then in turn got scared. not any different than wednesday of last week and i think the bond market will probably move somewhat lower, heelds is back up higher. i don't think we'll break down below 2% which is what we were all talking about. this is a place where emerging markets and risk assets and even japan are catching a small bid and all that is relatively good news. >> that's interesting and tim gets the same sense as i do. this veals very much like classic consolidation. a digesting process that's happening. we kn

>>> joining us this morning john steinberg, kayla tausche. guy, hope you had good long weekend. what a week it's going to be with this conference in california. >> i'm so bummed i'm not going to be there. i'll have to be remote. >> it's going to end up right here on this program, a lot of it. apple meets the jetsons, according the ft, the giant renovating a new software programs that would turn the new phone into a lights and securities and other appliances. and a broader push into home automation. according to the ft taking on a bunch of players who've already gotten start odd this mission. >> and honeywell has a wifi connected thermostat as well. so everybody is going into that layer. i think software and ease of use wlb what differentiates it. you have mobile desk top, car, home. that he has are the four battle grounds. >> the direction google is going is by buying the hardware and seeking to connect it that way. apple is apparently by a software platform. do you think our appliances need to get smarter before something like that works? >> it you would think apple goes into t

and kayla tausche here is here as billion golden is up.ardware refresh on stock performance. ubs showing caution own apple. they're saying they could hipd ir the business in china, it's coming ahead of a worldwide developers office. and we will be outside of the center on monday. big thoughts ab the golden note. >> wwbc is the big mobile event in the mobile world. you get a peek, and it will be delivered and it will get downloaded and adopted by consumers. so you have providers, large and small, to try to figure out how to get their apps ready. those with the best apps that get ready get a surge in use. >> life will be different as a result. do you think it will actually be different? >> i think that is a wink at the fact that health book is coming out. it's for monitoring your sleep, it will do plood pressure moblo monitoring. we have discussed if there will be hardware, it's typically not a hardware event. but he kept saying such exciting stuff is coming. i think you will get a retina mac book air. the watch would knock everyone off thei

carol roth, david darst, jon fortt and kayla tausche. guys are having an impact on markets in vegas. you think this has to do with david tepper being a little nervous? >> it definitely had hadding to to do with the comments david tepper made, no question. but the things that are happening now have been in place for some time. carol pointed out in january the russell was probably overextended. she was right and her timing was spot-on. i've been telling you for months and months that interesting rates are going lower. deflation is the enemy that the fed's been fighting all along and that rates will continue to go down. rates are trying to tell you something. david darst probably has a much different perspective. that's what makes markets but i'm convinced rates are trying to tell you the economy is not nearly as strong as the s&p wants to indicate that it is. >> i want people to know we'll have full report on jcpenney's earnings. shares look like they are moving. david, respond what you heard from guy. >> carol and guy, we've been saying -

housing market, kayla.ion to freddie as that presentation was taking place towards the end of the trading session, but it suddenly looks like the reform bill that was supposed to get rid of these two isn't going anywhere and now the coalition is to support these names. >> it being a mid-term election year the suspicion that nothing will happen until any direction until 2017 once the dust settles in congress. if you look at what the banks are doing, they are actually going ahead and making a bet that fannie and freddie will not be around or hedging that possibility. they are going ahead and underwriting mortgages. i don't agree with what bill ackman said saying the 30-year mortgage is such a fixture in the american economy it would get wound down if fannie and freddie got wound down. the banks are still underwriting it, only writing higher quality mortgages in order to do that. >> this is a case that people make when they want to keep fannie and freddie intact. look, if this goes away, people disagree with t

. >> berkeley track athlete, kayla taylor is talking about her good friend on the football team, 20-year-old safety demariy drew from livermore, arrested after an incident tuesday. it happened on bancroft way in the south campus area. >> it was reported that the incident occurred during a fundraising event. so there were students in the area for that event. >> the victim told police he got into an altercation. and the suspect, drew, kicked his dog and punched him in the face repeatedly. taylor says that's not the friend she knows. saying drew is a great person. the athletics department has issued a statement saying they are tracking the case and cooperating fully with the berkeley police department. drew has been suspended indefinitely from the team, pending further information. >> i honestly think that we just have to be careful as student athletes in what we do. because honestly, we're under a microscope all the time. >> the cal football problem has had problems with players before. just last year, two team members got into a locker room fight that sent one player to the hospital. ama date

. >> kayla, maybe so, but i'm not sure the mainstream would agree.ow it, you follow banks so closely know that, yes, the capital improvements have been made, the cushion is there, et cetera, et cetera, but still a disconnect between wall street and mainstream. >> they're regulating a problem that happened before, but the capital would help to safeguard if the crisis came in the same fashion. the real culprit was leverage. you banking are bigger and there are a lot of firms still leveraged, especially private equity firms and some shadow banks that are actually not regulated as closely. >> there's definitely more constraints in banks b. but too big to fail -- do you have any doubt if citigroup was under the verge of going under that the government would step in? that worries me. >> right. >> so i agree, the system is safer, but too big to fail still exists out there, i think. >>> let's move on to the next topic, donald sterling making a public apology. see what he had to say on cnn's anderson cooper's 360. >> i'm apologizing. am i entitled to one mist

but kevin o'leary joins us, investor on "shark tank" and here, as always, kayla tausche, jon fortt livecity. guys, good morning to all of you. jon, let's begin with you. that di that nadilla in the building. >> that's right. the new ceo is here, which lends this event that much more cache. look, there are people out there saying it's a horrible time for microsoft to launch a new surface. growth in the tablet market is tapping out. listen, it's a worse time for microsoft to leave the old surface on the market without updating it. they've got to gain share here. they've got devices and services strategy. there's a range of what they're expecting. maybe a smaller tablet. those tend to be selling a bit better with lower price points, and maybe a larger tablet, as well, on the

. >> and the credit facility helps, as kayla pointed out yesterday afternoon, shorts getting squeezed there. a lot of people still negative, but they're doing better than people expected, nonetheless. >> get some rest this weekend, because you'll need it for monday and the launch of "squawk alley." as we hit noon time, let's get to "fasttime" at post 9. >> carl, thank you very much. an interesting market to talk about today. you guys have a great weekend. we'll see you on the other side. welcome to the "halftime" show. here's today's playbook as we return from vegas to here at the new york stock exchange. "danger zone." hedge fund heavyweights revealing they're biting nails about this market. should you? still a bull. legendary investor laslo birinyi isn't scared, and he's to tell us why. whale watching. the biggest money managers piling into which stocks. the lineup, stephanie link, mike murphy, jim leventhal, and we couldn't pull him out of vegas, but still made it to the studio, jon najarian. only one of us had to rough it back to new york? how'd you get that assignment out there?

." >> i'd like to have you pan over here and show you kayla tausche will be with me here.ave a picture of my dog. >> did you see that? was that freaky? >> that was incredible. i want to see herb's whole house. of course, he wants to show us the coast of california, too, just to rub it in that he's out there and we're not. $59 trillion will be passed on to the next generations over the next 50 years, guys. of that, $36 trillion will go to the heirs. $27 trillion expected to go to charities. and $5.6 trillion in the form of taxes to the federal government. now, we have somebody on the show today who says this is too much. he's suggesting there is -- should be a cap on how much people are allowed to inherit in the future. i'm just the messenger. but we'll kick it around coming up today on "closing bell" here. that's a lot of dough. that's a lot of money. >> thank you so much, bill. we'll look forward to it. >> see you at the top. >>> the u.s. economy contracted in the first quarter, so why is the economy still so sluggish? can we really blame it all on the weather? famed econ

north tower office worker kayla bergeron: >> i'd walked those stairs a hundred times, now they were allt separated us from the devastation behind us and life in front of us. ♪ >> woodruff: the museum will remain open to survivors, families, and first responders 24 hours a day through tuesday. it opens to the general public on may 21st. we are joined now by the man tasked with protecting the country from future terrorist attacks. among other things. as secretary of homeland security, jeh johnson oversees some 240,000 workers, spread across 22 government agencies. in addition to counter terrorism, he's responsible for everything from border security, to immigration and customs enforcement, to natural disasters. secretary johnson, we welcome you back to the newshour. >> thank you, judy, good to be here. >> woodruff: so we're now 12 and a half years passedded 9/11, how much safer is the united states today then it was then. >> well, i think we have come a long way since 9/11 which happens to be my birthday. i remember the day well. i am a new yorker. i was in manhattan on september 11th, 20

. >> my name is kayla bergeron. i worked in the north tower for four years.. it was orderly and called. for every step we took down the firefighters and police were climbing up. when we got to the sixth floor it felt as if the zero world started to shake. turned out that the south tower had collapsed. suddenly there was confusion. we were climbing over wires and desks. port authority policeman helped us find a way through. but my friend patti and i guess separate from everyone. we were thinking, there is no way out. when we heard a bull horn is said that if we could hear the sound follow the light. we went this way and that way. after what seemed like forever we got to the outdoor staircase. i had walked those stairs 100 times toward the train, stopped at the post office, never giving them a second thought. but now they were all that separated us from the devastation behind us and life in front of us. today when i think about those stairs, what they represent to me is resiliency of the people there that day trying to help these other and later the resiliency

. >> my name is -- kayla. we started walking down 68 flights of stairs together.efighters and police were climbing up. when we got to the sixth floor, it felt as if the whole world started to shake. it turned out that the south tower had collapsed. suddenly, there was confusion, and we were climbing over wires and desks. port authority policemen helped us find our way through. but my friend patty and i got separated from everyone, and we were alone thinking there's no way out. then we heard a bullhorn. it said that if we could hear the sound, follow the light. we went this way and that way, and after what seemed like forever, we got to the outdoor veasey staircase. now, i'd walked those stairs a hundred times to go to the train, stop at the post office. never given them a second thought. but now they were all that separated us from the devastation behind us and life in front of us. today when i think about those stairs, what they represent me is resiliency of the people there that day trying to help each other, and later the resiliency of our country. those 38 ste

welcome to "squawk box" right here on cnbc, i'm andrew ross sorkin along with joe kernen, kayla tauschethis morning. becky has the day off. >>> big news, at&t officially in active talks to acquire directv, telecom giant reportedly closing in on a deal valued at close to $50 billion, $48 billion is the number. could be announced in the next couple of weeks. at&t could offer as much as $95 a share for the satellite tv provider which would put the value of that deal at 48 billion. there were other reports saying at&t would go as high as $100 a share. directv is working with advisers to evaluate a possible combination following a recent takeover approach from at&t. take a look at shares of at&t right now this morning, looking at 36.53, down slightly in the premarket. this can have huge implications, this deal, for the come cast time warner cable deal, one of the reasons at&t and directv are going forward is to