you still like micron, right?so. >> how is it going, david? >> i don't know. we never figure the things out. we look at the current prices and decide what we think of it. we think it's very cheap. >> for a couple of years i watched it go to 25 and bounce back down to 19, 18 and go to 26 but this is the time it went beyond 25 and 26. it's up at 28 now. i'm wondering how how it could go. >> it's a volatile stock and subject to going down a few dollars here and there. we think the business is fundamentally changed and we think that the consensus estimates are dramatically too low. the quality of the business is higher than people think. we think there's still a lot more upside to go. >> i love this guy. what am i doing -- >> i know. >> i'm going to have a great summer. this was the highlight of my day. thank you. >> thanks, david. >> appreciate it. >> thanks, guys. >> david einhorn. let's get back to micron. it had app interesting upgrade today. they raised the forecast and said micron is getting longer term contract

. >> : new 830 a micron for story east bay bart station battling a problem people dropping off passengers at illegal drop-off area and are commuters say it's causing traffic from the peak hours. >> : to check out the problem but not part station in this edition of people behaving badly. >> : if u.s. driver about the no stopping signs that the ulcer and all new part station built a fine three much the same answer except from the city. >> : this is a my kron 4 story or the viewer shows so viewers or ignoring the stopping signs or drop off passengers also stopping next and a stop sign interesting part many of the people stop by what they think as the stop sign. >> : no sense for the other side. >> : so despite the stop signs being positive the driver's seat as the assigned to stop off pre >> : all daily see drivers as part must that's a drop off passengers often totally unaware of the no stopping sign. you get up to be here for >> : even how everyday but never a ticket >> : for the record as a $40 parking ticket for stopping here. i know is thinking is private property so they can't give you

>> i still like micron. i still think they're going up through 30. and others i like.the qualcomms of the world have huge upside potential as they get over the hurdles. >> i think xilinx is up 37%. we own it and been suffering through it because the position is positioned very well for the children build-up >> one i had screwed up was nxpi recovery, they're tied to it and continues to move higher and higher. >>> our next guest manages $20 billion and preparing to do it in a fed-free market. ron sloan is invesco's senior portfolio manager, joins us on set. great to see you at our headquarters. welcome. >> pleasure to be here. >> fed-free world, jumping the gun, they're still in the game. when are they leaving? >> we have to anticipate. earlier, rick in stocks was saying they have to call the 10 year-year old. i've always been in bonds and have a bond complex, inferior to those guys. the stock valuation fed led world is done, i think that's over. whether it was the little blip we got in inflation last week or the taper ending in the fall, we're going to move into a marke

micron is on the right side of the demand equation, a demand for d-ram is very strong right now. and supply is constrained, so and visibility into the future. the stock is also very cheap at just nine times forward earnings versus the industry average of 14 and trades at only 0.8 times growth, which is half the industry average, plus a bit of a contrarian play in that 11% of the float is sold short. if we do get a bump higher, you could see some short covering which could further a stock advance. >> i do like the stock a lot here. >> i think they like it both technically and fundamentally. i appreciate that. and be sure to check out our online edition, part of our partnership with -- >> and right, by the way, the dow is currently sitting at 16,517. what is it, like about 38 minutes. 139 points to the upside. >> if you -- >> we moved higher on the back of the minutes. >> thank the fed, send the fed a thank-you card. >>> we're about to be joined by celebrity chef curtis stone. >> but first on a more serious note. 2 we are going to speak with one have laid mer putin's most outrespon

i still have a micron position.ron, too, but be careful after this huge spike in the stock. >> there's a spike right there off a 20-year-old stock picker. he's going to graduate early from the university of cincinnati. so our congratulations to him, and of course the best of luck in all of his future endeavors. maybe we'll try to get him back for one of these days. we apologize for the satellite issue. >>> we'll take a quick break and talk final trade, plus your own bubble bath picks, when we come back. can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement today. cozy or cool? "meow" or "woof"? exactly the way you want it ... until boo

look at micron today. look at the two upgrades over the last couple trading sessions we've had. people starting to warm up to the story we've been talking about for quite some time. pricing in d rams remain stable and micron dominates the space. >> i would add one other point here. with these public companies who have lots of ksh gaeg into the market at a time when there's been a lost questions about the ipo market they are driving up the values of some of these companies yet to go public. in some ways it's kind of snowballing. people talking about valuation bubbles. we're going to have alibaba later this summer. this is going to help cause a frenzy. if we see a bunch of billion-dollar teams with 50 34r0iees and no revenues. >> venture funding, right? reached $10 billion in the first quarter. that's the most. it's the second quarter of 2001. so we've seen this reach for some of these smaller companies and we see the money pouring into venture capital funds looking for the next big takeout. >> especially as they cash out alibaba. those guys are in the private market. and alibaba'

. >> you did such a great job finding micron and then it doubled. then i thought it was good.your advice for the summer. i was wondering, we're trying to get youngblood in at green light, young minds. i was wondering if you maybe want to come intern for the summer. >> exactly what i've got, some youngblood. >> call it the internship around the world. david einhorn offering regis an internship for the summer. no word on whether he accepted. although i know he's psyched to do it. carter, final call. >> utilities, be there. >> mike. >> d's 43 calls, not the stock. >> cr inputs. >> looks like time has expired. thanks for watch. we're "options action." see you back here next friday 5:30 eastern time. have a great weekend. >> announcer: the following is a paid advertisement for the 21 day fix, brought to you by beachbody. this time, you'll lose weight, get in shape, and stay that way. >> welcome, welcome. thank you, guys. thank you. have a seat. thank you so much for joining us today. as someone dedicated to health and fitness for my entire life, i am so excited to share this amazin

micron technologies moving up.razeneca down on the rejection of the takeover offer. ♪ >> you are watching bloomberg "west." i am emily chang. the u.s. has raised the stakes substantially in the ongoing fight with china announcing criminal charges against five members of china's military for cyber espionage. phil mattingly joins us now. a huge step for the justice department. why this, why now? >> a big question. a huge step is right. government officials were taken aback by the announcement of the charges against these individuals. the justice department has been working on cases related to these types of issues for more than a year. they have been gathering resources. throughout that time officials have been pointing out this is a major problem. on some level u.s. officials have just lost patience. the nature of the charges, how groundbreaking they were were underlined by the attorney general and a press conference. >> take a listen. >> the seriousness of the ongoing cyber threat. the criminal charges for percent

coming up i said to the few hours that and services go after a be rescinded a suggestion for micron for what found nice addition of people behaving essentially what found nice addition of people behaving badly. ifou're ling th modere to sere ohn's diase, essentially what found nice aanit fls le yo le behaving brevoes aund ur symptom ask ur gtroenterologis out miradalimumab. whhaveriedtheredicationtoork fos bustilexperience found nice aanit fls le yo le behaving brevoes aund ur symptom the mpto of modete to sere ohn's disease. w clinical udies, ttiontoork fos bjori of tients on humirace aanit fls le yo le behaving brevoes aund ur symptom sasignicansympm relief anmanychied remissioe. humi canower your ily to cluding turculosis. othbld, lerndnc,event havenervousyst problems, ask ur dtor if youivinrdoor sho. ior he be to a regions, ere certaifual infeionsre common. astearpronto iections,or he sym iohad , hetitib,egions, feve fatue, cough,r sores. yok your gasoentologistabt humi. you ve a kinof iecti. so whis a way to "plus" our accounting firm's mobile plan. mission isossible. and "minus" o

our biggest position is apple, micron, marvel.e is a subsegment that is high momentum stocks that have gotten completely out of control in terms of their valuation and we think that reach a bubbled proportion. >> they have gotten out of control why? >> there is a difference between the right price for a good business and where the stocks have gotten. this is what happens with bubbles and what happens with momentum. good news, if it is better than he thought it was, the stock has a gap that is 15% higher in response. you do that 4, 5, six quarters in a row, before you know at the stock has doubled or tripled. but the stocks might only be four percent better than you thought they were and valuation is out of control. >> he wrote in your letter to investors for the first quarter that you see some of these stocks dropping by 90%. so, good businesses that are overvalued by that much? >> let me clarify. i was saying that in the previous bubble, 1999, 2000, even the best stocks fell. >> like amazon. >> those with the best. the worst ones

on a scanner and a digital reconstruction of the brain can be made to a resolution as fine as 20 microns. you're getting to the level where you can map down to the individual neurons. everybody's brain is different. that map of neuron is not the same in every person. that's part of what makes you you. once you get down to that level of detail, now you can start to do all kinds of research that was never possible before. you can target and measure the performance or the energy from individual neurons. you can get a much finer picture of how regions of the brain interact. we have had a sort of high-level map and now we are going into more detail. it's fundamental research that will lay the groundwork for a lot come a we think i'm in the coming years. host: the list of the 10 breakthrough technologies from m.i.t. technology review are highlighted in this weeks -- and this month's magazine. let us know which one of those you want to chat about and our phone lines are open for the next 20 minutes or so. waiting in steve scottsdale, arizona, on our line for republicans. caller: good morning. a

. >> he mentioned micron, apple, marcel, semi conductor companies with reasonable growth, all of themthe reasons matter to non-investors, the big world of business people. make decisionsto about acquisitions, but we also see companies using things like stock options to reward employers, paying lower salaries. with twitter, you seen the effect of that, when it takes it down but in the stock looks less valuable. , jon erlichman, thank you all for watching this it edition of "liberal west." we will see you later. ♪ . . ♪ >> from bloomberg world headquarters in new york, i am mark crumpton. this is "bottom line," with a main street perspective. today, the u.s. releases its latest u.s. climate assessment report, and bayer agrees to buy the consumer unit of marks, and remaking the chrysler jeep and alfa romeo. ♪ to our viewers in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making history today.

simple floppies boxes here some at the story we will look into it also on the stage like to other micron for stores recently done checkout here on kron4- dot-com >> : is an eye during the current drought weather as the state might be tapped into a reservoir met billions of bay area residents are used. whats and, with new father raising one week year-old baby. i was thieves as much care as he does. with the baby now home here's how the family is doing during this difficult time. next move is the feature has privacy groups up in arms you need to know about before logging on. this book features that the rollout freezes in the next two weeks party has privacy groups up in arms to court records show us the new feature when a first-year law and not let surprising about some groups with the concern about this that essentially out against that access to facebook they can listen to record your conversations was happening but facebook says another of sorts. what the new feature offers a pit boss to post a social or just listen to the church will use a microphone on the mobile device to hear what c

they're micron size, nothing and even at that size those particles can do terrible damage.has suggested that plastic tends to pick up and absorb surrounding toxins and when animals consume those particles, the particles enter the food chain. arctic and antarctickitis is melting, we knew that much. we are looking at a cascade of other problems, from the ray onn in our shirts and the plastic bags, all that is a new kind of bad news. >> that is jake ward in san francisco. >>> she rose to become one of the most prolific authors of our time. more on the legacy of maying maa angelou after this. shinseki,. >> good evening, i'm meteorologist kevin corriveau. rain increases and threatens over the next couple of days. mississippi to louisiana and texas, threat of flooding. over the next few days but in the next three days we expect to see another six to ten inches in rain here across louisiana circulation mississippi. so if you are traveling this area on highway 10 expect flooding on the highways, along the rural routes as well and delays at the airports. so that's going to be a majo

give a tip or story idea tell us about it and send your idea on a website kron4-dot-com look for the micronr storytelling. fire officials are investigating what they're calling an act of arson after a playground in castro valley is torched these are pictures of the damage to play area at marshall elementary school officials say the fire grew to be very intense and spread quickly tell me a county sheriff's office is now reviewing surveillance video from the school. >> : if you give a bite her very own traffic light than one might assume that said by aeschylus with all the rules but for severance is go and rules here are merely suggestions. sitting alongside is a newfangled as the best bets like. some believe that all but school is will fall rolls. i got so what exactly do what bicycle's do. but as he led a bicycle the right to the dmv in not taking the bike lane. this appears so it can avoid a bike lane and a bike lane traffic light. this is been in place for a little over a year now. so i noticed as well many writers are stopping for breath let those installed just for them some have their

. >> caller: i wanted to ask you about micron technology. >> these stocks remain very big momentum stocksnd i still think the supply is tight and demand is fine. let's go to michael in pennsylvania. >> caller: i want to know what's happening to consol. they had a big quarter last week. >> i am going -- they have good natural gas. some of these companies have such good natural gas where the wells are so cheap that they can make up for the coal. that why it continues to go higher. i'm not a fan, though. let's two to tim in florida. >> thanks, jim. thanks for taking my car. thanks for the information you provide. >> quite welcome. >> trinity is probably one of the best conference calls of the whole year. it was amazing. a lot of people thought it was peak margins because other companies didn't do well. every time you read about more oil coming through you think trinity. any weakness. >> buy buy buy. >> tom in new jersey. >> caller: how are you doing? >> great. >> caller: thoughts on starbucks. >> people think starbucks is going to be like whole foods. i think that's wrong. i don't think the

>> we love micron technology. u.s.astic story. there's a lot of covers would like to reload the airlines. image and the transport. when of delta, american, southwest. but might one is a really great american story. >> let's go back as we finish up on this friday heading into what is the unofficial start of summer. do you get a sense that the calendar will remain true to what it is done historically? i'm talking specifically about a midterm election year where the first thing you see as a rally, which we saw, then you see a pullback which we have seen, but then you're supposed see a rally i guess history would bear out in the fourth quarter. do you think we will see that? >> i really do. i think sal in may and go away will be some good advice. i don't think it will be a terrible drawdown took some years event big drawdowns in midterm elections, upwards of 20% but i don't think we will see that. i think and natural four, five, 6% correction kind of through august, september is likely. but i think the fourth quarter could

bristol-myers is the worst performing market followed by e-trade and charles squab and micron. e-trade charles schwab has been very weak and maybe that reflects what investors are doing and whether or not wall street seen this coming. and cisco, the best performer in the s&p 500 right now. >> and one of the only good performers. we've been talking lower with the dow and s&p. it's the worst day in over a month hire for those two particular indices. early on today there were only about three particular stocks including cisco, and verizon. >> there's only one now. >> only one. >> i'll give you a reason to not be as concerned, what you talk about all the time, copper. copper is actually higher right now. if there was this great global macro kern about the global economy reslowing down, europe dragging us in the murasce, we might see copper, i was looking at a different date. even july contract down one penny. so the contract i'm looking at is slightly higher. in other words, copper is not falling off a cliff today and natural gas up -- >> pretty weak so far this year. remember earlier on t

. >> well, you did such a great job finding micron and then it doubled and then i thought it was goodadvice for the summer and we're trying to get some young blood in at greenlight and i was wondering if you would wont to come intern for the summer. >> exactly what i have got, some young blood. >> call it the internship heard around the world. david einhorn offers regis an interpship fi internsh internship. carter? >> utilities, be there. >> mike? >> d's 43 calls. >> that was the best "fast money" ever. sierra inputs. looks like our time has expired. i'm melissa lee. thanks for watching. check out the website and see you back here next friday 5:30 p.m. eastern time. have a great weged. >>> my mission is simple. to make you money. i'm here to level the playing feel for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. my job is not just to teach but also to entertain and educate. so call me.

yesterday, talking about micron. you can take some of that off and put on the options. implied volatilities are so low you can own this through the options and have little risk on the table. >> maybe small caps are telling the story. everybody is talking about the correction. if it gets bigger. small caps typically lead on the way up and typically lead on the way down. >> we talked yesterday about the economy recovering, but not recovering as fast as we initially expected. instead of the breakout year of 4%-plus, we're talking 2% kind of number. in that environment, the small caps probably will underperform, right? and i think you're seeing this rotation away from small caps into large caps, where the valuations are more realistic. look, the -- it was up 37% last year. they have to take a pause. and the valuations are not sustainable. i don't think. i think the rotation is a healthy thing. >> josh brown, russell down 5% in five of the last 11 days. >> let's be clear, 36 instances including this one in which the russell 2000 has been down more than 10%. the average decli

pam: if you have a tip for story ideas and it's a miniature story on our website just look for the micron for story app. mykron4story >> reporter:new at five. >> reporter:49ers quarterback colin kaepernick. making his strongest staments to date. about the off the field drama he's dealing with. today kaepernick tweeted. >> reporter:on 911 calls, i'm glad the truth is getting out. info that came out earlier was totally wrong. i look forward to this matter being resolved. >> reporter:yesterday.911 calls were released.that contradict a woman's story of what happened earlier this year in a miami apartment. one of the callers tells the dispatcher a woman who says she's jesus.is lying naked in a bed.and refuses to leave. >> reporter:in the police report. the woman says kaepernick undressed and kissed her after going to a bedroom following some drinking and pot smoking.and she hospital and can't remember what happened in the meantime. >> reporter:the 9-1-1 tape suggests the woman took her own clothes off.and she wanted to be intimate with kaepernick. >> reporter:police say the other players invol

we are massively long on technology and their biggest position is apple and micron but we think therea subsegment of tech which is high momentum stocks that have gotten completely out of control in terms of their valuation. we think those stock did reach a bubble proportion. >> a small bubble like a bubblet. these minor momentum stocks. >> that is a constructive response. yqada,ople also say yada. differentre a lot of types of technology like old technology, ibm and microsoft and oracle and the new stuff like twitter and facebook and in the middle is google which straddles both. abouto you tell customers tech? >> i think you need to know what you are buying these stocks for. they are almost not the growth story anymore. they will continue to provide the tech infrastructure. there is highflying tech companies and i think you're is a place for that in the portfolio. when you think about what kind of stock should deliver in this economy, it should be the growth you need. if you want something to offset the rising interest rate costs, you have to deliver topline growth. >> that is what ev

our biggest position is apple, micron, we think there is a subsegment which is high momentum stocks that of control in terms of valuation. we think those stocks did reach a bubble. bubble.s really a mo- a momentum bubble. >> that is half his portfolio. >> think about the company talked about yesterday, he said health,orting athena which provides internet-based services to doctors. he said they could fall 80%. mean, appleg at, i is not a momentum stock. it is not now. >> he goes on to say internet stocks that have captured everyone's fancy. thinku say that, people twitter, apple. they don't think athena health, whatever it is. feltis probably why he like he needed to clarify. although he did ask him whether twitter was one of the stocks he was shorting. he did not answer. hardwareof this is related, not software companies. there is a difference. most of his money is in tech stocks. >> so it makes sense for him to clarify. you know, there has been a selloff recently. that can't be good for him. applel stick with tech, has given its new retail chief millionat is worth $68 based on yesterday

you notice how micron keeps getting upgraded. at the stocks that have been great with technology. they have been short. western digital and sandisk. it is like don't build more keep things tight. >> like the health business. people are starwood they have that 5% yield. don't forget that. airli airlines, hotels, i think that american air is undervalued, delta doing quite well. steve holmes has to step up and get more stock. >> gets get to bob who is on the floor. happy monday morning everybody. i want to point out what was going on monday night. the nikkei has fallen 6% p. the end strength here. that has been quite and issue. but you can see there. the nikkei moving down. the major sectors, most are to the downside. only material is moving up here. none of this indicates risk on risk up. i want to put up mastercard up here. i don't have the headlines but i'm being told that they were saying that consumer spending was better than in the first quarter. you can see that stock moving up. you were mentioning campbell's earlier in the d

in an update site at news it cockpit see than stay in touch on kron 4 micron.ot- so what we're looking for is a way to "plus" our accounting firm's mobile plan. and "minus" our expenses. we're offering our best-ever pricing on mobile plans for business. run the numbers on that. well, unlimited talk and text, with ten gigabytes of data for the five of you would be... one-seventy-five a month. with a year of high-speed internet, free. ah, "free" is not deductible! i smell audit! i smell savings... >>> the "insider" with perspective on today's top trending stories. >> the cleveland browns select -- >> big stars, big ratings -- >> and the female fans come to check out their hottest picks. >> plus -- the female fans pick out their hottest pick. >> i didn't want to lose my mom, she is my best friend. >> a first round draft pick's mom's fight against cancer. >> queen latifah on the nigerian kidnapping. >> and there is a deep love there. >> michael yo baking things up with a married woman? >> and nicki on her si >> when you say it, you're the baddest chick in that mome

. >> he picked out micron way back when. he's got a knack for picking the stocks.out of apple. it is official dr. dre joining apple. for $3 billion cash in stock. dr. dre and beats cofounder will both join the crew. let's go to headquarters. he just spoke with tim cook about the deal. josh. >> yeah. just a few minutes ago had the opportunity to speak to apple's tim cook and as well as beat's

so teachers submarines in the country specifically while the sand was fired from the decepticons micron in northern watch the russian president has attended a summit aimed at finding ways to override massive nuclear missile attack. the ongoing standoff in ukraine has a stake in its toll on traditional victory day celebrations most festivities have been cancelled display of kiev admitting how important the holidays for the vast majority of ukrainians and they were to so cold here a citizen ukraine the soviet title given to centers that made huge sacrifices during the second world war. he of and lost hundreds of thousands of people that a sacrifice that appears to have been launched dismissed by many of the violent groups in ukraine today and displaying the same children book which i had long been a symbol of victory and has now made some people a target of ridicule and even at times the have been incidents where ribbons have been torn from the chests of those wearing them and you can see here even burned and most it is decided not to hold the usual parades here and veterans couldn't coul