>> tamara the philippines open a diverse casino mecca rebel macau.ct and competing for the same vip clientele with macau. dennis: let's what -- checking with twitter. us with the passing of fully legal gambling in the u.s. will that cut into casino revenue? >> cliff is possible online gambling could be a $12 billion industry. i think here is room for both. dennis: although the one to legal online at gambler poker playing but to have devil license. >> what is the best in to invest in? >> your firm does not want you to recommend specific stocks the jails, guns, of gambling, clicker what is the best? >> i think the casino gambling industry is by far the best to invest with the greatest growth potential and macau is intact here and the best long-term investment. dennis: loss figure stands, wynn resorts are down its 10% i am not ask you to recommended that why is the lesser known brands up 50% of the others are down? >> noble grounded to tame it is a play and the revenues have been astronomical over the last couple years. you are looking at an area $38 bi

they were looking at buying a gaming license in macau and macau wanted 900 million. financial analysis suggested that the most it was worth would be about 500 million. now he figures it was probably worth double what they were charging, you know, $1.8 billion because macau has exploded as a gambling haven. but they had never done this before, they didn't have a lot of good data. so it's hard to predict the future with any approach, but in general, you know, harrah's has done fantastically well with analytics and data and i would take a ceo who believes in it certainly over one that doesn't. >> thomas davenport, thank you for joining us. come back when you know you're going to predict the next big data thing or whatever the next big thing is, we want to do. >>> coming up, it's the greatest show on earth. no, we're not talking about "squawk box." we're talking about even bigger, a bigger venue. the family behind feld entertainment, best money for ringling brothers. an iconic name. we have the third generation of people that run this place. >>> later, quarterly results,

a macau been unbearable litany they say every family here is sheltering or hiding a deformed monstrous child. sounds fun i'm old. enough to. get to be underground out there you know i've got my daughter cries all day long on it but she hopes to see her daughter get better.

they should rally of compatriots in hong kong and macau and maintain long-term prosperity and stability of the two regions. we should adhere to the policy of the central central community in taiwan related work of a fully implement it again and cultivating relations and strengthen and deepen political come it cannot make, cultural and social foundation for their growth. can accomplish reunification in the cause of working together to achieve the great rejuvenation of the chinese nation. [applause] we should continue to hold high the banner of peace, development , cooperation and mutual benefit and pursue peaceful development to adhere to our independent foreign policy of peace and promote peace and common prosperity in the world. we have achieved remarkable progress along the party socialism with chinese characteristics in the past and now we envision an even brighter future for our great country. and the leadership of the party central committee as general secretary that is to unite as one and work hard to finish building a moderately prosperous society and our respects and achieve the

galaxy is the second biggest gambling company in macau. its shares underperformed the broader hong kong market. analysts say the stock has little upside in a 5% run up in the last week. chinese container terminal giant costco pacific unloaded a 12% drop in its annual profit, net 2012 earnings flipped to $242 million despite a 23% rise in sales. the reason? it earned far less from its major stake in the world's big evidence containermaker. if not for that, profits would be up 15% after a pick up in global demand for chinese goods boosted traffic at its terminal. also in china, the biggest lender managed to beat photographs from a year ago. bank of china's net 2012 net profit climbed 12% to over $22 billion. if banks from wider margins for loans to small domestic businesses. its nonperforming ratio improved marginally last year. >>> and profit grew at its slowest pace going public. agriculture bank of china at $23.3 billion for the year. a 19% gaen. analysts were expecting more. profit will likely flow further in 2013. agbank took in 11% mor

they actually were a bright spot in today's down market, following upbeat remarks from economists in macau's economy. 2013 will look good. melco crown and boyd gaming also a standout. "after the bell" starts right now. david: so here's question, when is it tir moyle actually good for the markets and the economy? well, when it is overseas. renowned professor jeremy siegel telling us why the european crisis could be a win for the u.s. and send the markets soaring to 16,000. liz: protesters are a win for us. we'll fund out more from dr. siegel. we know the feeling standing on the corner waiting for the taxis and being surprised how much that meter ran up while you sat there in the car with traffic. a new company hopes to make that aggravation go away by making taxis obsolete. ceo of sidecar is joining us. david: want to hear about that story coming up. we'll tell you what drove today's markets with today's data download. it is a down day on wall street as investors worry what is next for the eurozone. stocks gave up gains on all three major indices, ending the trading day low. industrials and m

>> after this run and because of the exposure to macau, wynn. >>> coming up, the trade that is lightingthe "fast money" twitterverse. we're back after this. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ suddenly, faraway places don't seem so...far away. ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review. >>> welcome back to cnbc's "fast money." we have an update on the death of hugo chavez. the leader of venezuela. happen

but the 50 level is something you have to watch here. 75% mostly singapore and macau.t 50 bucks and stop myself there. >> all right. call him bond. jeffrey bond. jeffrey gundlach tells reuters he's bought more long-term treasuries in the last month than he has in the last four years as rates popped above 2%. he has more facial hair now. he's thinking stocks are overbought. crazy? well, one year ago this week, i was with him in san diego and tweeted this now famous line from him, quote, one of my favorite generational shorts is apple. apple, that day, closed at $534. it's now more than 100 bucks cheaper. it went to above $700 first. >> and to jane's point, he's been spot on with just about everything he said. and i'm some what in his camp on the bond market. mill premise has been, when the ten years were trading 165, yields would be 2% and everything would turn. i think yields are going back lower. the vix is going to explode. we'll see. >> finally, today's celebrity stock trade. short marissa mayer, because people are still talking about yahoo!'s tell commuting ban a w

. >>> key stats this morning for casinos with exposure to macau, the number of visitors to macau last month rose. those coming from china up more than 17% during the same time period. >> wow. china is levying duties on a chemical imported from the united states in japan. that chemical is used to produce rubber adhesive and mechanics. this is the latest. some japanese companies face duties of more than 40%. and a subsidiary of u.s. based petroleum faces duties of 30%. right now, let's get to the business of hollywood. 2012 was a hit year. global box office tickets rose to $34.7 billion. sales in china rose 36% and it is now the largest international market. did you know this? >> no, i did not know that. 34 billion global. or 30 some billion. >> was it? >> yeah. like 10 billion in this country. i made the point before that -- >> you're right, 34.7 billion. the cultural impact of the movie industry is loornlg. >> right. >> this is a decent quarter for -- i mean, 8 billion is an average quarter for an average company. just weird that it has such a big -- >> but look at how many times we b

in the fall of 2005, the bush administration targeted the macau based banco delta asia for its money laundering role while u.s. money was being counterfeited. they were laundering for north korea. and this led other banks in the region to shun north korean business which finally isolated the regime and cut off its ability to get hard currency. however, after kim jung-il made promises on its nuclear program, the pressure was prematurely lifted. today the current administration has done little to target north korea's illicit activities. instead, the administration has deferred to a policy over at the united nations and has opted for strategic patience. the purpose of today's hearing is to examine how best to pressure north korea's ruling elite by systematically restricting their access to that hard currency on which they depend. we'll hear from one witness who has firsthand experience spearheading such an effort. we'll be introducing legislation based on some of the ideas we'll hear today. it is important to realize that we have more options other than to simply rely on beijing to do m

the bush administration did this back in 2005 and 2006, with banco delta in macau.ter the way they moved money throughout the world. they still have to have some sort of international trade. it really hurt them. they came back to the negotiating table under the nuclear program. the problem we have a new leader. he is on a roll. successful ballistic missile test that basically can reach out and touch the united states. a new nuclear, successful nuclear test in february. and now this going on. i think they will do something but i'm not sure they really want a wider war on the korean peninsula i think they know they will lose. bill: but you believe they will do something. can you define that? >> yes. well, i mean it's hard to say. what did neal boortz say, prediction is hard especially about the future? the fact i think this, the problem with making threats, bill, is that if you don't, if you don't fulfill them, they're useless. they lose their leverage. i don't know what it is going to be. whether it is going to be some sort of a, you know, act against south korea lik

froze their bank accounts of top officials in macau, that was the one time the north korean regime came say okay, we're opening negotiations. let's talk. why are we seeing this bellicose rhetoric right now? some of the sanctions that the united states and u.n. put in place just recently included specific officials. that's what has them more worried than joint military exercises between the united states and south korea which is what they claim. >> bill: the book is "the dictator's learning curve inside the global battle for democracy." will dobson is our guest in studio. what is the role of the united states as these various movements toward democracy take place around the world? should we just -- on the sidelines are in there really huffing them out. your calls welcome too at 1-866-55-press on today's "full court press." >> announcer: heard around the country and seen on current tv, this is the "bill press show." i think the number one thing that viewers like about the young turks is that we're honest. they can question whether i'm right, but i think that the audience gets that this gu

all of these casinos, that's the trick with macau and every one of these places. >> i don't know. if you're fought going somewhere -- do i think you're going to go up in the air for fun? >> no. these are probably for trips that would take you out over those areas. >> it's going to take you to vegas and back? you're extending the losses? how does this work? >> maybe you're flying out by the united states. maybe it's droos ocean trip. >> okay. >> that's what we would guess. >>> when we come back, another day, another record close. jobless claims, inflation data, what's driving today's session? we will ask the experts right after this. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. [ male announcer ] how could switchgrass in argentina, change

in the fall of 2005, the bush administration targeted a macau-based bank of delta asia for its money laundering role while u.s. money was counterfeited, they were laundering for north korea. this led other banks to shun north korean business, which finally isolated the regime and cut off its ability to get current fee. however, after kim jong il made references, in this lifted. the current administration. it has deferred to a policy at the united nations and has opted for strategic patience. the purpose of today's hearing is to examine how best to pressure north korea's ruling elite by systematically restrict access to that hurt currency on which they depend. we would hear from one witness who has firsthand experience spearheading such an effort. we'll be introducing legislation based on some ideas we were here today. it is important to realize we have more options other than rely in beijing to do more. disrupting north korea said dvds will face tremendous strain on that country's ruling elite who have done so much harm to the people of north korea. we must go after kim jong il is il

in the fall of 2005 the bush administration targeted the macau based banco delta asia for its money laundering role while u.s. money was being counterfeited. they were laundering for north korea. and this led other banks in the region to shun north korean business, which finally isolated the regime, and cut off its, its ability to get hard currency. however, after kim jong-il made promises on its nuclear program, the pressure was prematurely lifted. today, the current administration has done little to target north korea's illicit activities. instead the administration has defered to a policy over at the united nations that is opted for strategic patience. the purpose of today's hearing is to examine how best to pressure north korea's ruling elite by systematically restricting their access to that hard currency on which they depend. . . >> identify the network, interdict hipments and disrupt -- shipments and disrupt the flow of money. this would sever a key subsidy for the or weapons of mass destruction program. only when north korea's leadership realizes that its criminal activities are untena

asia, and the impact of that, and by y the way, what directly led to it was the discovery that in macau they were using counterfeit 100-dollar bills that north korea was counterfeiting of our currency. and thus, we moved very, very quickly. and it was enormously effective. the state department's later had second thoughts about it, because it raised certain issues in north korea. of course, the machine of the time approached the state department and said, you know, if you only raise this will come back to the negotiating table. we now know in retrospect that their efforts at the negotiating table, by the way, were not honest efforts because they were in the process of liberating their technology. for one, this year you. they had a carbon copy of their nuclear weapons program that they built in syria. so the strategy deployed by leavy proper should have been continued. if it had been, given the cost of a nuclear weapons program in maintaining it, it's probably the case that would have ultimately presented the generals in north korea with a choice. the choice of giving up that program and