we have reaction from kevin o'leary. first, kevin what are your thoughts on this? obviously just the latest in a number of billionaire that is have been warning about the wealth gap in this country. >> well it's a great philosophical debate but the core issue is the dna of a corporation is the basis upon how we build our capital society is not to solve society's problems. it's so solve customers' problems and provide returns to its shareholders. whenever you try to contort the

kevin o'leary with us.k about uber "the korea times" have reported some uber employees have been detained by police for violating the country's transport law. the report says authorities plan to summon travis kalanick if he does not comply a warrant could be issued for his arrest. kalanick was indicted in december on charges of running an illegal taxi business. uber did issue a statement to us saying uber is fully cooperated with the police during the course of their investigation and we will continue to do so as the party is referred to the prosecution for recrew. uber does not believe the employees in korea have engaged in me a any misconduct or illegal behavior and believes the prosecutors will come to a similar conclusion. we can talk about that or their valuation, a multiple of pinterests if you don't like pinterest why would you like uber? >> i love the service. i would never make this investment. this is crazy also. uber is not actually a proprietary service. it's got the largest scale currently glob

kevin o'leary and steve grasso this hour. edge making its debut on the nasdaq today. guy sella. and saudi arabia launching strikes into yemen. that's driving the price of oil. and how it might change the entire picture for oil. >>> why would the co-pilot of a tragic germanwings flight intentionally crash his plane? investigators are trying to determine his motive on the "closing bell". stay with us. i mean, come on. national gives me the control to choose any car in the aisle i want. i could choose you... or i could choose her if i like her more. and i do. oh, the silent treatment. real mature. so you wanna get out of here? go national. go like a pro. the future of the market is never clear. but at t. rowe price we can help guide your retirement savings. our experience is one reason 100% of our retirement funds beat their 10-year lipper averages. so wherever your long-term goals take you we can help you feel confident. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and

kevin o'leary shared his dire outlook on the show yesterday. >> one of these deals will go public andleaving anybody that puts such a crazy valuation on it while private are going to get slaughtered. i don't know who and when but it's coming to a theater near you. >> joining us from austin from south by southwest ceo of trend hunter and author of "better and faster." thanks for joining us this morning. >> thanks for having me on the show. you heard what kevin said. what do you make of that? >> i think's no question that will find investors highly disappointed when they go public but we are experiencing history's highest rate of change where some companies can go from 0 to 1, meaning they disrupt an entire industry. if we take the first example listed there, we take uber, sure, uber has a $41 billion valuation and that seems ridiculous today, but what is the value of disrupting the taxicab market? every city on the planet. if i started jeremy's taxicab company i would have to hire people, get cars, all this wonderful stuff. uber could actually add a million drivers tomorrow if somethin

kevin o'leary of o'leary funds. >> take care. >> regulation nation.financial regulations becoming too burdensome burdensome? blue mountain capital's jes staley will be weighing in. and a lawsuit claiming gender discrimination is rampant in silicon valley. we could get a decision in this case at any time and we'll keep you posted on that coming up on geg. so, how do you feel about cash back? i would not say i'm into it. but let's see where this goes. [ buzzer ] do you like to travel? i'm all about "free" travel, babe. that's what i do. [ buzzer ] balance transfers -- you up for that? well -- unh. too soon? [ female announcer ] fortunately, there's an easier way, with creditcards.com. compare hundreds of cards from every major bank and find the one that's right for you. creditcards.com. it's simple. search, compare, and apply. [ ice rattles ] let me talk to you about retirement. a 401(k) is the most sound way to go. let's talk asset allocation. sure. you seem knowledgeable professional. i'm actually a dj. [ dance music plays ] woman: [laughs] no way! th

we have reaction from kevin o'leary. first, kevin what are your thoughts on this? in a number of billionaire that is have been warning about the wealth gap in this country. >> well it's a great philosophical debate but the core issue is the dna of a corporation is the basis upon how we build our capital society is not to solve society's problems. it's so solve customers' problems and provide returns to its shareholders. whenever you try to contort the mandate toward solving society's problems is when things break down. let's look at countries where they have tried to do this over extended decades. cuba, venezuela, north korea. the man dates aredates are for companies to return to society. our form of capitalism will always have a 1%. that's statistically a fact but we keep forgetting over and over again and i'm here to remind us all that that 1% creates so much wealth for everybody, hundreds of thousands of jobs billions in taxes, tremendous productivity for our society, and the truth is we are slowly already self-correcting. every time you raise a minimum wage in

. >> reporter: "shark tank"'s kevin o'leary is not alone. >> most companies now, mine included, employn just watching what's happening on all the platforms. >> reporter: remember pr exec justine sacco? she learned that the hard way when she tweeted -- "going to africa. hope i don't get aids. just kidding. i'm white." yep, she's a pr executive. >> she kind of chuckled to herself. this was in heathrow airport. pressed send. >> reporter: but she says it was meant to be a comment on white privilege, but people didn't get the joke andhe tweet went viral while she was in the air heading to africa. she had no idea. >> a hash tag started to trend worldwide, #hasjustinelandedyet. because everybody was so excited about justine landing and realizing that her life would never be the same again. >> reporter: back now to adam smith, who in the summer of 2012, decided to protest against chick-fil-a. what's wrong with chick-fil-a, in your mind? >> they donated to anti-gay groups. >> reporter: there were anti and pro protests. now, smith got in line at his local drive through. >> there's a long line of

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wonderful, kevin o'leary. what's your view of real estate? would you buy a home these days if you were renting? >> i think real estate is the worst investment idea anybody could have right now. just in front of rate hikes from the fed -- >> still, kevin? come on! >> absolutely toxic waste. radioactive waste. rent, do not buy. i tell everybody that. this is the time to be a seller. sell into this market take the dollars, invest it make 4.5%. you'll never make that in real estate in the next five years. this is an asset class that people forget. for 15 years now we've had nothing except rates going down. of course real estate goes up in that environment. of course it does. watch what happened when rates go back up. don't touch real estate. >> what about rising rents? what about sky high rents? >> here is the truth about rents. you take a city like boston where i live or new york city you can still rent and impute a 30% difference in other words it costs you 30% less to rent a condo than buy it. >> kevin i'm going to tell you something -- i just