and the city is also looking to monetize this and make revenue. one of the biggest conversation pieces that came out of the talk and some of the questions from the crowd was opening up apis for transactions, permitting, reservations and those type of things, which would be an incredible influx of private industry working with governments and also providing incredible efficiency for the public to be able to make these transactions. i'll probably say that ian might want to talk more on this, but that would be something that would be highly encouraged from the private sector and from my company specifically. >> that's a great point. and i'll say the short answer to your question is the federal government is trying to not charge for this data. the way we did was with tax dollars. you already paid for it, we're trying to give it back to you. and, so, we take a wholesale retail. we want to be the providers of the data as a fuel, but fuel, gasoline is useless to get you from point a to point b unless you consume that ultimately drives value to the americ

maybe turn it around to monetize through advertisements. and, you know, mr.s not the first time he's had these kinds of brainstorms. he also is the founder, ceo of the adam factory, different kinds of technical start-ups in which he places seed money to get people going. and i asked him, you know, how do you identify who you're going to invest in and how you're going to make money with them, and here's how he respond today that. >> when you make an investment, you want to have a financial reward associated with that investment. but i don't think that -- that's not how we approach it where the financial reward becomes first. it's how do we, how do we build the best experience for the audience, and i think if you can build a great experience for 'em, you know, you find many ways to monetize it as -- at the end of the day. >> reporter: and now here is how you can, you know, summarize everything he said. it was in a comment he made to me as we were wrapping up the discussion. he said recently he went to ethiopia, and they don't have clean water, but a lot of peop

>> there are a few different ways we monetize. the monetize on a transactional basis every time we verify that identity attribute. it is protecting the program from fraud. we open up new channel opportunities. different brands can drive traffic to programs. of identitymponent is closely linked. there is a group in the military that has a strong incentive to use our services at checkout. we're talking with a few payment officers about rding th -- riding their rails and they would pay us a percentage. there you working with department of veterans affairs? some ofe working with the department of veterans affairs. they have at your name, social, address, but tech him everything about again needs to still your identity. what we do is change that by only giving the vendor what they need to know. to it becomes a much more secure process with us involved. part of the thing that motivates us, we realize veterans are at elevated risk for identity theft because the only ubiquitous for prudential about 90% of the veterans is their ggd-14 like

you're paying -- why would season pay millions of dollars for a monet? >> reporter: monet?ke mo-ney. m-o-n-e-y. the price tag for this masterpiece? a whopping $600. is this a monet? >> hopefully it will be, you know? i'm going to give it as much love as i can. >> reporter: we'll show you later if that love pays off, but do we really have to spend big bucks to look good? no way, says ilona shine, a master colorist at shin salon in santa monica, california, and a 15-year veteran of the industry. tonight, she's lifting the dryer and letting you in on some closely guarded trade secrets. >> i am going to hell. >> reporter: starting with those hair-raising prices. wait, the price is negotiable based on what someone looks like when they walk in? >> yeah, well -- i've seen that happen at other salons. where somebody walks in with a beautiful, you know, expensive bag, expensive shoes and then suddenly, whatever she was quoted at the beginning can end up being $400, just because they look expensive or rich. >> reporter: and the deceit doesn't end there. ilona confesses there are even

that through advertising on the monetization side. i was just going to say on the monetization side we have seen google acquire youtube, it had nothing to speak of, facebook acquired insta graha instagram e disconnecting. though not surprised by the reaction of the users this morning but i think in the long run is still could prove to be a very successful deal for yahoo. liz: in the long run. try to see some good in all of this for tommy where would that come from. already making noises would put advertising on the dashboard of tumbler. i see what it brings to yahoo, i don't see what things to tumbler. >> what i see is yahoo makes most of the revenues from display advertising and the young man who has made $250 million on this deal does not like the idea of putting display advertising on tumblr be at tumblr does not even own the blog. so they want to put advertising on those they have to cut a deal at only to permit individuals to get their permission to put the ads on there, but have to persuade an advertiser after the arrangement ha

when they figure out how to monetize these things, it's going to be a profound story. i do like it. that said, you know, people do get a little bit skeptical here and there, plus it's not really the most liquid time of the year for the market. so, i do have concerns about the whole market pulling back. i think that's a risk. but in general, i'm going to agree with carter. he think the stock is going higher. >> okay, so, mike is clearly bullish. in fact, he's using a call spread. now, for those new to the show, this is a bullish strategy in which you buy one call and sell a higher strike call against it to reduce the cost. so, how do you make money? well, that's why we're here, right? we're going to tell you. you want the stock to go to that high strike. that's where you make the most money, that's also where your profits are capped, so, mike, what's the trade? >> i'm looking at the july 900 940 call spread. i'm going to sell the 940s against it for $13.50. that's a net debit of $13.50. we talk about the math working for you or against you. call spreads aren't always the best thing t

>> guest: there are a few different ways we monetize. we monetize on a transactional basis. every time we verify that identity attribute because we are protecting a program from fraud we open up channel opportunity so the different brands of drive traffic back to the programs we protect our willing to give us a commission on the actual program and then the third component identity and payments are closely linked. we basically have affinity group in the military that has a strong incentive to use our services in order to authenticate the check out and if you can combine payment relationships with a few payment processors about riding the rails they would basically pay us a percentage of the fee because they would become the preferred checkout solution of choice once the payments are tied to a 10% off discount. >> host: are you working with the veterans administration at all? >> guest: we are. we are integrating into the department of veterans affairs center toptect programs. right now for some of the membership programs and training programs that va funds they require veteran

treasurers of the detroit institute of art. >> this is a monet. >> reporter: a monet that could be soldore than $15 billion in debt, detroit's emergency manager kevin orr asked the museum for an inventory to appraise its 60,000 pieces. >> they basically let us know that the collection was not off the table. >> reporter: what makes detroit unique is that the city actually owns all of the art here. making it vulnerable for sale. in most cities, a nonprofit owns the art. in a statement, orr insists there is no plan on the table to sell any asset of the city. but says it is possible that the city's creditors could demand the city use its assets to settle its debts. that's if detroit files for bankruptcy. what did you think when you heard that this was under consideration? >> he has got to look at what assets detroit has, what they are worth, and whether they should be sold. >> reporter: would it be irresponsible for him not to do this? >> absolutely. >> reporter: the possibility of selling off beloved masterpieces is sparking heated debate. >> i cannot even imagine this not being here. >> i

one recent edition to that portfolio was monetize. which is highly unusual for us. it's about as small as we go. this is the mobile wallet. they have an application to put on mobile phones to enable you to do your banking. you want to pay your mortgage, move money, pay your bills. they've been blessed by visa. visa, outright ownership and options. ability to own about 20% of the company. strong balance sheet. 175 million cash. no debt. any have 20 million people today that pay them $5 a year for the software on their iphone or mobile phone. that's $100 million revenues. we think they'll have 100 million subscribers within four years. >> is this a new position for you -- this is the first time you're talking about this company monetize -- >> well, just bought something called technique, engineering and construction firm. have a quasimonopoly position in the l & g or off to a platform business. we think over the next three or four years will go 20% a year. l & g will be a growth business. we have a lot of things we think are cheap. aig, net life, citicorp and the fina

so there's a few different ways we monetize. we monetize every time we verify that particular identity attribute because we're protecting the program from fraud. we open up new channel opportunities. so, you know, the different brands that drive traffic back through these programs that we protect, they are willing to give us a commission on the actual, on actual program. and then the third component, identity and -- [inaudible] are very closely linked. so we basically have an affinity group in the military that has a strong incentive to use our services in order to authenticate on the checkout. and be if you combine payment processing relationships, we're talking with a few payment processers about riding tear rails -- their rails, they would basically pay us a percentage of the fee because they would become the preferred -- [inaudible] 10% off discount. >> host: are you working with the veterans administration at:. we're integrated into the department of veterans affairs innovation center. we protect programs. right now, you kn

so going to your core website, but monetizing directly. number of twitter followers you have, the number of likes you have, i'm not there yet. i don't feel i would be comfortable anybody telling me my facebook account is worth anything. >> so is it worth it for this guy? >> i wouldn't. >> i agree. it's what you do next. if any of you out there have a question for our experts go to our website. the address is openforum.com/your business. click the ask the show link to submit a question for our panel. thanks again both of you for that advice. we also go out and talk to entrepreneurs to get great ideas. let's hear some of them. >> my tip is always follow up on a lead. >> customer service is extremely important to us. we found video as a really connective tool for them. they connection experience our facility. >> i think that one of the most for things that i learned about my business is understanding and recognizing my strengths and weaknesses and hiring out when i'm -- what i'm trying to do something that i'm not very strong at. i can waste

can they monetize instagram? keep their users in the ecosystem? this is something that's going to have to be proven over time. but the sheer opportunity here of 751 million users over 1 billion monthly users, you have to respect the ecosystem. and you have to at least have a chip on the stock just in case they can monetize this. because this company could easily be a double or triple, you know, going forward. if they can execute on the strategy, and that's a big if right now. we still need to see more evidence. >> channing, thanks for joining us. we appreciate it, channing smith of capital advisors growth fund. >>> let's check on other after-hours movers because they are moving right now on earnings. cvs first quarter beat on both top and bottom lines. meantime, caesar's entertainment. take a look, getting hit hard on earnings reported loss of $174 a share. they expected a loss of just $1.46. caesar's also missed on revenue. and yelp, earnings winner. the social media site surging on higher than expected guide aean for the second quarter. >>> next

french painters, including claude monet, were also intrigued by him.aw an exhibition of turner's works in london in the early 1870s and noted with approval that the english artist "painted with his eyes open." the impressionists admired his ability to capture luminous atmospheric effects. by the end of the 19th century, j.m.w. turner's dream was realized-- landscape painting was elevated to a level unthinkable without the contributions he had made in fifty years of painting. annenberg media ♪ provided by: narrator: welcome to episodio once of destinos: an introduction to spanish. in this episode, raquel concludes her stay in spain. adiós, raquel. adiós, raquel. most of what you will see and hear is a review of previous episodes as raquel reflects on her investigation in spain. alfredo: ¿abogada? ¿es esta persona un cliente? no le puedo decir nada más. es un secreto.

it's all about monetization. my static earlier, 10% is spent on media. 30% to facebook.w how you can say that without impactful. >> they have set themselves up the way google has and they are ing ads on everybody as mobile, not just facebook. >> dr. j, you have an opinion here? porter makes compelling arguments. >> one point i'd like to make judge is, when i look at the ratings, these guys are number two in the world and you brought up the idea and the numbers are down and number two in the world as far as web traffic and there's nobody close in the space that you're betting on facebook here for sure. >> you're right. if home really works, porter, i think you're right. it's basically back to the ipo numbers. upper 30s. even without that, i think their traffic numbers are just so strong that i can't really push them aside. >> traffic is one thing but critical mess, you can't deny the 1.1 billion but look at the fact that they are losing users in the u.s. and europe and they are spending less and less time on facebook. >> let's take facebook out of the equation. where woul

we're looking for ways to monetize in the medium- to long-term future >> stephen: can we try it before you go? i have a phone right here. why don't you send me one and i'll get it. okay? >> stephen: all right. got it. i got it. there you go. that is the funniest photo ever. and it's gone. guys, thanks so much. evan spiegel and bobby murphy. snapchat. we'll be right back. ( cheers and applause ) >> stephen: that's it for the report, everybody. good captioning sponsored by

remain cheap ok templi then we talk with jaron lanier who lie in dust of the future of social media monetization and we profiled mel watt who we predict will one day learn the definition of a derivative finally history repeating itself with the independent foreclosure review as a second round of bad checks and an already bad settlement made their way to insult foreclosure victims thanks for watching and make sure you come back tomorrow make sure you follow us on facebook at facebook dot com slash prime interest from all of us here at prime and just have a great night. real damage and complexity of this oil spill is not something you just by looking at dirty birds we have between four to five million people in this directly affected area of the clothes and it's pretty clear why it's not being reported because b.p. can't afford to have a reported all along the gulf coast are clean they are safe and they're open for business if b.p.'s. the single largest oil contributor to the us war machine is heavily. b.p. and their oil this is a huge step backwards for the. toxic is a look like. it was a it was

it and amazon has given them an avenue to monetize what they're already doing.his is brilliant from the other point of view. for the consumer point of view they say what i get something i can get for free? my answer is because they're somebody gatekeeping for you now and it's easier to find and goes back to a james is saying, all right there in amazon. sandals, self published books, harlequin books and a fan fiction needs met as well. >> one thing that's interesting that publishing should look at his netflix recently came out with programming and i confess the name of the show escapes me right now. no, it's not arrested development. tom block growth. they have enormous amounts of data about what kind of movies people lake. so there's some natural aspect to it, romance, criminal. there's probably a vampire in may. they took the data and we have a lot of relationships with hollywood right now because even now because of the dictators of the end of the world where superheroes, they are still looking are really good ideas and we have a lot of them because of the num

we're looking for ways to monetize in the medium- to long-term future >> stephen: can we try it beforei have a phone right here. why don't you send me one and i'll get it. okay? >> stephen: all right. got it. i got it. there you go. that is the funniest photo ever. and it's gone. guys, thanks so much. evan spiegel and bobby murphy. snapchat. we'll be right back. ( cheers and applause ) >> stephen: that's it for the report, everybody. good captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org from comedy central's word news headquarters in new york, this is the daily show with jon stewart. ( cheers and applause ). captioning sponsored by comedy central jon welcome to the daily show. jon stewart here. our guest tonight, we have a fine program lined up for you tonight from iron man 3 actor robert downey ii will be joining us. ( cheers and applause ). they enjoy the movie star. boy are they in for a segway. we be

and this is a painting by the very-well monet and i was thinking back to constible. clouds where you don't get a figure you have a horizon and you get more of a sense of space and it is not just the clouds. but the whole canvas is taken up by water and sky and it is very architectural wave that he has construct td the brush work of the waiveds tossing in front of us. and then, imented to talk a little bit about the surrealist and i am about to install these paintings into what is traditionally our impressionist gallery. but they are some of the most popular paintings in our collection and when we don't have them i get people asking what have you done with them? and i think that doli's approach to many things is idiocyncratic and these clouds have a view, and they almost seemed figure all to me but they have this really expensive intention for lack of a better way to describe them. i don't know that he would have wanted me describing them. >> i really love this image, and i think as we have heard from the other panelists, clouds and space and landscape have a personal

we're looking for ways to monetize in the medium- to long-term future >> stephen: can we try it before you go? i have a phone right here. why don't you send me one and i'll get it. okay? >> stephen: all right. got it. i got it. there you go. that is the funniest photo ever. and it's gone. guys, thanks so much. evan spiegel and bobby murphy. snapchat. we'll be right back. éxéxéx ( cheers and applause ) >> stephen: that's it for the report, everybody. good captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org charlie: now, keep in mind, we've been locked in this parking garage stairwell for like 20 minutes, dude. okay, so then we turn around and what do we see? a scary homeless dude. and i'm like, "oh, (bleep)!"

with google, you're getting everything from google glasses to android, the new youtube monetization, some will pan out, and some could pan out big-time, which means that the company's earnings and revenues could be accelerating. so what does apple have next? what does apple have to compare with google? what have they got? what's going on at apple that could move the needle? not sure. don't know. can't say. beats me. one thing we do know, though, is that apple keeps missing earnings estimates, falling far short of them. wall street presumes that apple is going to miss the next quarter too. because unlike google, there are no new initiatives that could help apple beat or meet the estimates. there's a growing consensus that apple's earnings might be lower next year than this year. very different from google, which might grow earnings at 18% next year, as earnings shrinkage is something i really expect to happen only with coal and iron ore companies. i mean, somehow you don't want to be in that cohort. of course, apple does pay a hefty dividend, so there could be a $3.50 floor down, but

they haven't started doing that in the newsfeed, which is their major mobile monetization, and as they do, that will further accelerate their mobile growth. >> actually, the stock's been quite volatile and is traded down right now. back to nathan bacharach from the financial network group, david sowerby, and greg ip, cnbc contributor from the economist. what do you think is wrong with tech right here, david? >> i think tech is mistrusted. there's concerns about global growth in europe and china. yet, i take a look at tech underperforming. and if you strip out apple and look at the median tech stock, it's come pretty close to keeping up with the s&p 500. and more importantly, for going forward, valuation in technology, whether it's price to sales, free cash flow yield, price to earnings, i think tech is trading at a discount and should be an area where you can be increasing the waiting in your portfolio. large cap stocks like qualcomm, which have recently disappointed, smaller cap data plays like teradata, that's a great keeper of data and provider to retail and i think those are two te

i think we've got confidence that they'll try to find the right balance, for monetization, and stilling it a good usage experience. but, again, i go back to some of the other bets that we've got out there to fall back on eventually. >> all right. we'll leave it there. great talking with you. >> thanks, guys. >> thanks so much. we're in the final stretch of trading, 40 minutes before the closing bell sounds for the day. we're shy of the highs with an 80-point rally. tomorrow we've got that msci rebalance. that's going to be big volumes. >> look out. >> gear up for it. >> get the popcorn. what a ride it's been for tesla. shares of the electric carmaker up 200% this year. when we come back, we'll find out if there's still time to get behind the driver's seat of that stock. a look at the charts, coming up. >> and what's the deal with sony? working with morgan stanley and citi? the stock is on fire. coming up, we're talking to the boss, kazuo hirai here exclusively to explain in an interview you can't afford to miss. back in a moment. lets you jump backwards and forwards in time to captur

the company is monetized, 800 million market cap.% of it, but he essentially went through the whole -- we'll try to put it online later, but he went through the buying rationale. very interesting. i told him, only one stock, monetize is the name, $800 million market cap, and they're essentially a processor for a number of cashless transactions on the using mobile phones. do we have the other slot? >> that is something. >> do we have the other slot? >> all that money in one stock. >> so then i spoke with jeff chromefeld, who was one of the few people, kls diversified, who said to the other side of that bill gross trade years ago, to what was going to happen with treasuries, i asked jeff, are we going to see a 725 print or 275 print first on the ten year? much of the theme is about the continued low interest rate environment and continued deflation. he said one and a quarter. sing it's somewhat of a strong quarter. these are people that have a lot of credibility. sorry we couldn't play those clips for you. i thought we had it. we had a

i think there's a lot of assets that they could sell, monetize and/or buy back their stock. >> josh brown>> i would agree with stephanie that the stock looks really good right now. but i think that you've already seen the bulk of the gains here. and i'd be really careful about entering the trade. if you think about what's happened, this has been a re-ratings story. people didn't understand what this business truly was capable of, but now that's already in the stock, this thing is up 40% year to date, 100% since this time last year. i think it's hard for us to say that there's a lot of room for surprises going forward. the other thing is everyone's really excited about the new business they're getting into. it is a very tough and crowded business, creating online content. hulu is doing it, netflix, google is doing it. amazon is doing it. >> we do it. >> everyone is doing. >> you have to do it. >> everyone is growing in content, but we don't all have hours and hours of data watch branded content. this is not a layup by any means. i think if you've been in the stock, congratulations. i would

the monetization that is undertaken by the federal reserve and is being undertaken to a lesser's accent to -- a lesser extent by the ecb offsets the deflationary process. it stopped a full-blown oppression. -- depression. it is better to have the problems that we have, a modicum of reasonable growth. the u.s. does not have the problems because they have not stimulated enough. and now the challenge is not ar future in the ne because the monetization have offset the huge deflation that has come through the levers asian. so there is a challenge about how over time you work out that balance sheet. it is a manageable problem. >> from an investment point of how, do have a theory about long we are in this path? >> well the -- >> is it forever? -- they multi-deckard are multi-decade paths. the good news for us is that given those bad circumstances, which are very bad, the u.s. is doing well. the europe is managing that's less well. and we will see with japan, it is early. >> how do you make money out of that? >> diversification and balance. we have balance across a number of different environme

that was a disadvantage, because they didn't go up-front with their monetization.o better as mobile rolls out. if you really look at the mobile market, there could be literally billions more users in the mobile market. yes, the revenue per unitç cou be low, but there's still a lot of growth out there. and if they could maintain themselves. and by the way, i think that people use social media in sort of federated network. so it's not that facebook is being supplanted by twitter, people have facebook and twitter and many other things as well as messaging. so i think people tend to manage those ecosystems as a group. >> all right. we'll leave it there. gentleman, thank you very much. appreciate your time tonight. >> thank you. >> a pleasure. >> we'll keep watching this interesting story on facebook and we'll see you soon. >>> up next, boy, is it getting hot in washington. lawmakers on capitol hill pulling no punches at a hearing on the irs targeting scandal. the latest developments are next. >>> and then, that overhead compartment above your airline seat may be more

she will have to figure out how to monetize the huge user bay and is making the announcement in new york this afternoon. that is where tumbler is based. >> the former con con county narcotics officer will be sentenced today on federal drug charges. he pled guilty in december to charges he sold drugs seized by the department. he also admitted to robbing prostitutes and making phony arrests. he faces a possible ten-year prison sentence under a deal with the prosecutors. he said he suffered from depression and post-traumatic stress. >> oakland police are investigating two deadly shootings in less than 14 hours. the latest happened on west street near 29th street shotly before 6:30 last night. it is the 39th homicide of the year. earlier, a shooting in the day happened on 92nd avenue near international boulevard. oakland police say both victims were men and offering a $10,000 reward for information leading to an arrest. >> judge is expected to decide today how many workers can take part in a two-day strike against university of california medical centers representing 13,000 health care worke

. >> i don't know how you monetize some of these users. get your porno music on. there's -- yeah, there you go. there's some -- >> master of your own domain. >> there is. the porn stars supposedly have blogs. >> so it's not clear that all of them are going to be so -- >> mainstream. the mainstream media is fascinated with the kid. he's 26, you know, small apartment in manhattan, dropped out of high school. >> $250 million richer this morning. >> that taught himself how to write code, i think when he was 11, taught himself how to do code and dropped out of high school. mainstream media, it's like the object session with the powerball winner, which i watched all the major networks. >> this is like the same thing. >> right. like catching so much -- it's like watching vicariously. we love to watch someone all of a sudden become a multi millionaire. but last night, all the major news, network news, they don't even know who won the stupid powerball. all they know is it was bought in some backwoods area of florida. and they got cameras, the shot for the stupid public tha

the question is, has marc zuckerberg and company cracked the code for monetizing mobile? that's what many investors are watching for and we will have the very news for you first and the best instant analysis anywhere, coming up, at the closing bell. meantime, here's how we stand. some weak economic data this morning. the private jobs number, the factory orders, all pointing to weakness in the economy. the dow is down as many as 123, just before the fed announcement. and we've been coming off that low ever since. down 92 points right now. nasdaq at this hour is down 19 points. also off the lows of the day at 3309. and the s&p 500 index at this hour is down 9 points at 1581. a rough start to the first day of the month. that month, bob pisani, at least some people sold in may. you wonder whether they're going to go away, right? >> yeah. last year wasn't too bad for this time, but we'll see what goes on here. and bill, you're right, adp was disappointing, construction spending disappointing. take a look at commodities, we've got a little bit of a inflationary concern or a def

. >> i know you have a style of painting, but you have to paint lie monet. >> be creative and yourself that's right. that's right and those choreographers today that have unique voices. >> uh-huh. >> and they should be heard and scene. the work of the jazz and ballet, he would love that. >> yeah. >> and that is very much understanding that idea of entertainment and showmanship. >> how do you like sitting in charge of everything, versus up there dancing? >> it's certainly a new thing. i sometimes -- >> do you miss it? >> being on the stage. >> yeah. >> the body can't do it forever j. yeah. >> and i love seeing what my dances are doing today. -- love seeing what my dancers are doing today. >> thank you. >> and thank you for keeping us up to date on what ballet is up to. you can so the performance may 10th through june 8th throughout the area and visit smuin's ballet for more information. thank you for watching. i'm susan sikora. ,,,,,,,, peninsula...where a limo bes a firey death trap. a live report from the san mateo bridge. >>> developing news on the peninsula this morning. a limo beca

and despite the fact they are beginning to monetize their mobile business, this is not a name i want terms of the chart, it's not even a trade here. therefore, i'm a reluctant dump and i'll leave it at that. >> josh, what about you? >> yeah, i -- i would kick the thing out of bed, but it was never in the bed. it's a broken momentum stock, so, out of $63 billion valuation, you basically had to believe in magic and magic was possible but it never came along. now, you have a stock that's below the 200-day, 50-day, $60 billion market cap. rsi is under 50. there's just not happening. >> guy? >> three dumps on the desk suggest many things, but -- you know, facebook to me, given the quarter, they seem to be figuring out this mobile thing. i'm going to start to date that see lachlt. >> you want to let us know how it goes? >> i certainly will. >> where you going to take facebo facebook? >> why not? >> let's go0a =u9 th your first move on monday. b.k.? >> dollar still the sorry shofrment the canadian dollar. >> tim? >> the move in the market is having an exponential effect on the online broker

i don't think it will immediately monetize. data mine and to see what people are doing on facebook. when you search, you aren putting more data and you're telling them things that you're interested in and you are able to sell that to advertisers and to better target ads and higher rates. so they're not going to have a metric that tells you that revenue from that went up yet, but it's coming. >> michael, you may have a $35 price target, but this is dead money to many people. people say there's a lot more exciting prop sigs in the space than facebook. what keeps you interested? >>. >> you know, simon, that's a great question and i had this disagreement with my director of research. i covered linkedin that's trading at 140 times this year's earnings. you know, i covered netflix that is trading at over 100 times next year's earnings and then we have facebook that's trading at only 45 times next year's earnings. facebook sounds more interesting to me, a lot more interesting than the other stocks. investors are willing to pay big mul

youtube is being monetized. >> the youtube? >> and the internet. >> both of those things you want to buy. >> everyone thinks it's all about search. it is right now but one day it's going to be about youtube. >> all right. finally, xle, which is the etf that tracks energy, versus the xlu, the etf that tracks the utilities. w >> out of all these pairs, this one, to me, kiss of death, but it seems to be the no brainer. >> wait, so -- neither is your answer? >> no, i think it's a no brainer to pick energy. >> okay. >> and i got to tell you, when you look at something like the utility sector, trading at this 30% premium to its long-term price to earnings ratio, as a sector, it's kind of ridiculous. you know why. it's all about investors seeking bond-like equities. that's adorable for now but not a great place to enter. something like an xle, here's a sector that was one of the worst performers in 2012, really didn't participate in the rally. crude is knocking on companies, of them, could be bought out, so, i really like the xle much

fed buying about sixty percent of that amount don't worry though because bernanke says it's not monetization we'll talk about deficits and the debt crisis with peter schiff in a bit and one hundred years ago woodrow wilson to sign the federal reserve act with four gold pens quit being i'm drawing on the gold reserves but yesterday representative kevin brady called for evaluation of the fed he said when the house isn't on fire we want to discuss you know what role the fire department said play with this review shut down the quantitative easing firehose that's spraying eighty five billion dollars in cash per month we'll have to see if this proposal can pick up steam when bernanke replacement is announced a later this year. and to mark another milestone it's been one hundred days since the president's second term in a press conference this morning he warned of serious probable use of chemical weapons while cautioning that more evidence must be gathered before taking action he did warn that the regime has crossed the red line we'll take a look into the fine print of military spending in a specia

class the lower classes some kind of benefit all they're doing is simultaneously securitizing and monetizing ever bigger portions of the what used to be run by the government is now run by private enterprise and financialization which results in a huge debt burden and you're calling this debt deflation i want to switch over to japan for a second because here in this country for the first time of any of these g twenty countries we're seeing something new we're seeing interest rates in the ten year bond go up because confidence in the ten year japanese bond is going down interest rates have increased one hundred percent in the last few weeks as they experiment with radical over the top multi quadrillion yen quantitative easing can chemist some insight to what's happening in japan dr michael hudson well again the key is interest rates the way to explain that is what you describe for the middle class. leader but it is true of companies. when you have low interest rates like you have in the united states and want to date of easing you have people borrowing to take over company and right now you h

their gold reserves to secure a loan now it's being suggested that italy issue gold backed bonds to monetize their gold essentially so gold during the course of this crisis period is inching toward something called an international reserve currency is being used how high banks to square the books on some of these countries like italy and cyprus and others so it is it is a case where it's you know follow what we do but don't follow what we say because behind the scenes it seems gold is now becoming increasingly more important your thoughts. go to becoming more important and will continue to become more important for people simply as a self-defense s. i mean i call it is the essential self defense as the two to protect your own assets and your own wealth from inflation and other for the financial crises and all this manipulation that the discussing here. i think among the officials and central banks and governments it's not that important because obviously if you look at the balance sheets of the major central banks now you know the leverage of the financial system it's so big that their gold

now, what that says to me is google, which might also have problems monetizing mobile, is probably alsong to have some trouble. >> all right, so, we've been talking a lot about the charts and what the charts have been telling us. we have to go to carter braxton worth to find out what the charts are saying. i talked to you last week about the notion about a bifercated market. has anything changed? >> not particularly. we remain that way and that's been the case with the various parts of the market. one of the things that's interesting about technology is how much that sector has lagged. we made 12-month relative lows. i want to show you a chart here what's started to happen, because of the kick in of microsoft, apple recently and a few others. the relative strength is actually improved for the first time in 12 months. we would expect this to continue. we would think the diver jens between the s&p and one of its major parts is going to be brought closer together. >> all right, so, brought closer together and carter, just connecting the dots. you mean that technology will actually meet the