but for the first time giving companies like netflix google and amazon the availability that if they believe they are being charged unreasonable rates or being discriminated against to come in and file a complaint and say they are discrippleminating against us under the communication act. this is a very big thing. this is where it goes further than the president's position which is a point i wanted to make before. there are two places where our proposal is stronger than president obama's proposal. one is in that he didn't call for us to exurt authority over interconnections and we are not only using title ii but section 706 and title iii of the communication act. we have gone further than the president's proposal >> host: does anyone have the proposal beside those in the agency? >> guest: outside of the agency? no. >> host: when will it become public so we can read it? >> guest: that will be after february 26th. >> host: what happens on february 26th? >> guest: we will take a vote and we need two people to vote. >> host: do you think you will get that? >> guest: i cannot speak were t

title 2 to interconnection or traffic exchange is, for the very first time, giving companies like netflix google, level 3, amazon, the ability, if they believe they're being charged unreasonable rates or they're being discriminated against, if an internet service provider is favoring their own traffic over theirs, to come in and file a complaint and say they are discriminating against us they are charging unjust and unreasonable rates under section 201, 202 and 208 of the communications act. this is a very big thing, because we've never taken -- and this is where it goes further than the president's position, which is a point i wanted to make before. there are two places where our proposal is actually stronger than president obama's proposal. one is in that he didn't actually call for us to exert authority over interconnection and second is we're not only using title 2 as a source of authority, we're using section 706 of the telecommunications acts of 1996 and title 3, which covers mobile of the communications act. so we've actually gone further than the president's proposal. >> gigi sohn, does

internet companies are the ones that could be winners in this proposal, household names like netflix, googlecebook, and yahoo. wheeler proposes to forbid cable, telephone, and wireless companies from blocking legal content, throttling or slowing it down, or as you mentioned, allowing them to charge web companies for faster speeds on their network. something called paid prioritization. the rules would be limited and would not include rate -- the fcc plans to vote on his plan on february 26. broadband providers like comcast, at&t, and verizon face tougher regulation. classifying them as utilities would discourage innovation and investment in internet delivery. and it's for investing washington lobbying? providers spend millions trying to influence policy on broadband and other tech issues at agencies and at -- here in washington and in congress. internet companies spend millions too, but it doesn't look like as much as the carriers so it looks like they may be getting a better return on their lobbying dollars. their lobbying investments if the fcc adopts wheeler's plan as expected. >> 3-2. it'

. >> what about netflix, amazon google and these -- what's in it for them. >> google had a change ofeart here because the irony is the administration says we want to help the little guy. but by increasing regulatory uncertainty what are they going to do? they are going to help the big incumbents, verizon, comcast, all the people who are entrenched who have lobbying interests in washington. and google is trying to compete with these people. now all of a sudden google is against this. >> what is it in it for companies like netflix. >> netflix and you tube together generate more than half of internet traffic. what they don't want is to have to pay for that service that they are using at market rates. so i think now they realize this monster they have created will end up hurting them, too. and that's why google is stepping back a about it. but the general idea is silicone valley wanted washington to force providers of communication services, broad ban networks, to give them a better deal. and so what they did is they aligned with progressives who want the government to control the intern

you see companies like netflix amazon, and google who are high regarded by consumers, where as it is safe to say that many consumers do not mind your industry as popular. in that way, is there a connection between the popularity of an industry and its success, lobbying, or success deriving from policy and victories and washington? >> i would say the only thing that affects consumer popularity is how you treat a customer and whether you're are providing services that they value. it has, i do not think any neighbor of mine cares about the policy that is going on or how this is fairing or not faring, it is the products and services they consume. but i will dispute the suggestion that the apps are closer to the consumer, i think quite the contrary. cable companies and walk right into your house, nothing more intimate than that. they send you the bill. they are the ones that when you call -- the ones you call when you have a problem. you may have a router that was made in silicon valley, but you will call comcast when it is not working. and i think part of the tougher relationship with th

on the one side content providers like netflix and google which favored net neutrality. the opponent like time warner and comcast, wanted to be able to charge more for so-called fast lanes, faster connections to the internet. in the end, the fcc said no to fast lanes saying it is a utility. there aren't faster ways to get water and electricity. they all reach the consumer in the same way at the same speed. equal access. >> it's a real question and what is unclear is how it's going to affect us as consumers, do we have to pay more because now these internet companies are making less money? we don't know. but it's going to be interesting to see how it shakes out. one of the things we know is we all get water and it doesn't cost that much and we all get power and it doesn't cost that much. hopefully, the internet will be similar. >> this may not be the end of the debate. after all, industry opponents have called this inappropriate. the government and dangerous -- government overreach. this could possibly and probable trigger more lawsuits to delay the issue further. >> cert

the equation would love to not only charge customers for service but also turn around and have netflix or googlel company they could go after too but especially the big companies who are internet providers of content they would like to charge in both directions and we always say of course people should pay for the right to access content but that is what the users pay for, we pay a lot for broadband in this country and should have the right to use that service once we purchased it on whatever we like and that is really what this is all about. >> good to speak with you on this matt wood joining us there from washington, thanks nor for your time. >> thanks so much. >>> now three al jazeera journalists were briefly detained in paris on wednesday as they attempted to produce a report on unmanned aircraft also known as drones. governments around the world scrambling to workout how to restrict use of devices widely available on the retail market as technology editor talks about legislation to control the use may be at expense of creativity in the t.v. industry. >>> new technology is frequently disrupt

netflix or google shouldn't get a faster past than some startup with the kitten pictures your grandmother sends you. thursday the head of the fcc will present to the full commission an idea to regulate the internet as a utility. that will give the government power to enforce net neutrality through regulation. republicans generally don't like the idea of the executive branch regulating the internet and they've threatened to pass legislation that would take that power away from the fcc. all of this is a particularly important issue for silicon valley startups who want to compete with the big guys like google but wouldn't have the money to afford a so-called fast lane on the internet, were those to become legal. >>> let's check the markets, landon dowdy live at cnbc world headquarters, good morning, landon. >> hey, scott, good morning to you. futures are higher after the dow fell and rise more than 100 points. crude is above $50 a barrel today. look for data this morning on factory orders and earnings from u.p.s. the dow closing up 196 points to 17,361. the nasdaq gaining 41 to 4676. scott,

netflix and google are winning and comcast and verizon and others -- but it's -- they're on both sides. who the government decides to favor. >> we should be voting for the consumer. >> right but we should wait until there's a really big problem before we -- >> right. >> we're addressing this as a nuclear bomb instead of a rifle shot. >> right. >> by the way, as you know the title 2 thing to me goes too far. so even though we're debating this we're not that far apart. >> we don't matter anyway. i'm glad you sort of agree with me. it's not helping. wheeler doesn't agree with you and it's going to happen today. >> let's thank julia first of all and then tell you about who this man is on the screen because in the next hour we'll be talking to the man that coined the term net neutrality. tim wu will be joining us. >> and you know reading the notes for professor wu he says there's going to be price -- that's what is finally going to happen. there's going to be regulations on price. we know how great that works out. joining us to talk currencies and euro crisis is jim o'neill. >> we have not

i think, you know, you see companies hike netflix or amazon or google are very well regarded by consumers whereas i think, you know, it's probably safe to say that many consumers don't find your industry as popular. in that light, you know, is there a connection between the popularity of an industry and its success at, you know lobbying or success at deriving policy victories in washington? >> guest: well, if i understand -- i'm not sure i understand the question, but i would say, look, the only thing that affects consumer popularity is how you treat a customer what your relationship is with that customer and whether your providing them -- you're providing them quality services that they value. i don't think any neighbor of mine thinks two wits about what policy issue's going on or how their industries are fairing or not fare -- faring or not faring. i also would dispute the suggestion that, you know, the app skies are closer to the consumers. i think quite the contrary. cable companies walk right into your house. nothing's more intimate than that. cable companies are the ones that send y

i think companies like netflix or amazon or google art very well-regarded by consumers whereas i think it's safe to say that many consumers don't find the industry is popular. in that light, you know is there a connection between the popularity of an industry and its success at lobbying or success at driving policy victories in washington? >> guest: i'm not sure understand the question but i would say the only thing it affects consumer popularity is how you treat a customer and what your relationship is with the customer and whether you give them services they value. i don't think any neighbor of mine thinks two wits about how their industries are faring are not paired faring and whether or not they don't like products and services they consume. i also dispute the apps are closer to consumers and i think it's quite the contrary. cable companies walk right into your house. nothing more intimate than that. cable companies are the ones ascended the bill. cable companies are the ones that you call when you have a problem even if it isn't there. you brought your linksys router which was mad

those names led by google, netflix and ebay.hinese social media stocks, linked in, twitter, yelp. if you draw a trend line from the fourth quarter last year. we broke out of that and breaking out as we speak. there is something very special going on. prices actually trending higher. below sloping 200 day moving average. momentum is the to the upside. i think we'll go a lot higher. i think social media stocks same thing as internet. have. we get back to the highs. david: we have gap and go. guide us through the gap and go. this is one of my favorite formations. when you have former resistance, overhead supply, this is very clear. this is just an example. sellers here, sellers here and walk in and prices gap above all those levels. we know sellers are no longer in control, at this point demand exceeds supply. that is one of the most bullish formation west see. i'm glad you guys definitely pointing that out. >> pull out the social media stock, that is facebook. facebook up 16% over the past year. why do you feel there is that much

netflix already won the battle. they won it. that guy from tumblr -- >> from tumblr -- >> they made it work for them. >> tumblr, did you have it to -- >> googlen the netflix side but not sure where they want to be. >> you say the guy from tumblr won because i think he -- did he get a note from his mom to be out of middle school when he was on? it's amazing. >> he's a grown man. >> is he? >> not to mention he could buy and sell you. >> ten times over. most of these people there are youngsters and don't augment themselves, they're not going with the brione. they're going with the russell, the champion hanes brand. >> like the greek finance minister ticked everybody off wearing tight jeans. >> that guy -- i told you, everyone says he's got pants by germany. they agree to absolutely nothing. the germans say fine europe wants growth. >> i don't know. >> when we come back salesforce surging in reaction to company's guidance. hear what mark told cramer last night. premarket. we've not gotten to kohl's sears, l brands this brutal downgrade of abercrombie & fitch. more "squawk on the street." my name is tony sartorio. i'm a lineman for pg&e out of the

but the content providers like amazon, google and netflix they want to put their stuff down the pipesernment doesn't want the two sides mingling together why, is that? >> basically what you're seeing with the proposal that was announced this week is a really big regulatory power grab. what's interesting this is a power grab that wasn't at the behest, wasn't pushed for by the regulators supposedly in charge of regulating the internet, the sec is technically an independent agency, but, in fact, this push is made by the white house and pushed the fcc chairman tom wheeler to go way beyond what he was really looking at, initially look at for most of last year, and they did this really by running a shadow fcc, a chateau regulatory organization from within the white house, and they drew up their own plans and said, look, this is what you've got to do. tom wheeler, after looking at plans that would have installed net neutrality protections without going full bore, reclassification, the title two route, treating the internet like a public utility. the white house said this is what you're going

much i would like to play the stock or invest it, i think you need to stay with ones like googles, apples, netflixshat are making money. liz: interesting that you view tesla as technology stock. it is auto name as well. i hear what you're hearing. you're growing with google, apple. paul, do you agree with that strategy? who else doesn't have profits? we know big names sexy at the moment, like alibaba definitely do. >> alibaba they do, apple and google too. it is interesting in tech. you kind of look at it whether you were a value investor or growth investor you can find things in there on both sides which makes it a very interesting sector but point is very well-taken. you look at the nasdaq composite. everyone is looking. want to see when it gets back to the record. that is great. but that record was 15 years ago. it has been 15 years since we've been at that point. that is perspective. liz: do you think there is too much froth with the analyst, nine out of eleven cover the tech sector overall say this is overweight? >> yes. but it is hard to pick out exactly where. i mean, what stocks are overval

the winners are the bandwidth losers, so google has netflix and i youtube, the big losers, comcast, atnyone who provides band buttedth now -- bandwidth now has the inability to be dynamic and really now is going to be a you utility, and in the end what happens to utilitieses? is poorly run -- david: that's right. i can't believe they're going in this direction. my head's going to explode. phil, winners and losers, go ahead. >> lady gaga -- [laughter] david: oh, i like that. >> it was a performance for the ages. she's not just a pop star. now she's got this new gig on american horror story. and what a lot of people don't know before mark sebastian goes on the air, he sings a little gaga. [laughter] yes, he does. david: i want to see it. >> shake it off. shake it off. david: no losers at all? >> bigger loser here in chicago, rahm emanuel. it's time for a runoff for him right now, so that's going to be very tough. and chicago sports fan, we lost derrick rose and patrick kane. david: carrie? >> the american people lost when president obama vetoed the keystone pipeline. let's hope there's a

compaÑÍas como netflix y google se han quejado varias veces de que sus operadores hacen lentas las transaccionescon mi coco, no te metas con mi coco, coco! ♪ ♪ >> venga, vengan. >> seÑores, dÉjenme decirles que al regresar no se pueden perder la receta, seÑores, que toda la familia la va a disfrutar aquÍ y se va a chupar los dedos, estamos hablando de cachapas de carne. >> no se pueden perder porque tenemos una sorpresa grandiosa. >> y nuestro lente loco captÓ a ricky martin. >> y seguimos acelerando a luis coronel. mordida. mordida. mordida. [rÍe] ♪ ♪ no te metas con mi coco, ♪ no te metas con mi coco, coco. te noto tras mis pasos... te escondes... ...en mi sombra, y ya estoy harto... ...de jugar... provócame mujer, provócame, provócame a ver, atrévete, provócame, liberate de una vez, ten valor, enfréntate... ...provócame, y conquista... fiber one. bájale al drama a inscribirse en un seguroado a más dede salud.n de personas hombres, mujeres y niños finalmente tienen acceso a cuidado médico. en coveredca.com/espanol encontrarás una variedad de planes de salud de compañías líderes que te ofrecen

compaÑÍas como netflix y google se han quejado varias veces de que sus operadores hacen lentas las transaccionesco, coco! ♪ ♪ >> venga, vengan. >> seÑores, dÉjenme decirles que al regresar no se pueden perder la receta, seÑores, que toda la familia la va a disfrutar aquÍ y se va a chupar los dedos, estamos hablando de cachapas de carne. >> no se pueden perder porque tenemos una sorpresa grandiosa. >> y nuestro lente loco captÓ a ricky martin. >> y seguimos acelerando a luis coronel. mordida. mordida. mordida. [rÍe] ♪ ♪ no te metas con mi coco, coco. ... ...de jugar... provócame mujer, provócame, provócame a ver, atrévete, provócame, liberate de una vez, ten valor, enfréntate... ...provócame, y conquista... fiber one. bájale al drama >> y aquÍ continuamos en despierta amÉrica, celebrando en los Ángeles, acompaÑados por nuestra querida chef y nuestra querida adriana y luis coronel. >> hoy vamos a hacer una receta bien venezolana que rinde. >> a nosotros los venezolanos nos gusta desayunar cachapita. >> les vamos a enseÑar a cÓmo rellenarla. bÁsicamente una cachapa es maÍz. es el taco mexicano. aga

there is fdn, in there you have googles and netflix and ebays of the world.internet stocks. for our hedge fund we own entire basket all of them. we're long twitter. i think both of them go a lot higher. >> now i have to play the bear which i'm not, because i'm with you, joe, on the central bank involvement, that they put a gigantic feather down pillow underneath the markets so nothing bad will happen. trees do not grow to the sky. markets hit record after record. look at s&p five-year, since 2009, make that six years, what point is there some type of a shakeout? >> i think that there continues to be shakeouts. even though it has been straight up for the past five years, that there have been shakeouts. i'm bullish. there will continue to be shakeout, pullbacks, quick corrections based on global uncertainty or something in congress for example. but they are just going to be a buying opportunity. i think we're going higher. i'm not blindly bullish saying we're going to the moon straight up. liz: anybody like, gold, silver, oil? >> i think you stay away from all

preserve their ability to charge for the transport function and you had edge providers like google and netflixt stayed free. all of the other stuff about preserving first amendment rights and freedom of speech was simply a bunch of high-minded rhetoric to wrap around the arguments of two large sets of companies trying to argue their own book. >> let me jump in and ask. verizon wireless -- present files has a response. some of the first industry response verizon saying that heavily regulating the internet is unnecessary. they're saying it is counterproductive. this is not surprising from verizon. they along with other service providers are critical of this from the start. i wanted to follow-up with craig. chairman wheeler makes the comparison that the wireless community has continued to invest even though they have faced lighter touch title ii regulation over the last couple of years. he says that proves it can lead to further investment among raw been providers. is that a fair comparison? >> not exactly. the reason investors in the cable operators have been nervous is because the chairman's rh

google has spent billions of dollars just to be about a quarter of a second faster. the concern is not so much youtube or netflix if they have to pay for more bandwidth, they will. the concern is if comcast is in the situation of being able to force everybody else to pay for latency, that is not just about google or netflix. that is about every single newspaper site. >> where do you park that concern? is that something want to say wake up, congress, you need to do x? or is it something for which you want to invoke the industry? where do we take that concern? >> i think it has to be a concern in the corporate boardroom, the federal communications commission, the federal trade commission absolutely in the halls of congress. >> they are all listening to you. what do you want them to do? >> i think the most important principle is making sure people don't -- people and small carriers especially don't have to pay to have the same latency amazon or google does. a net neutrality focused more on latency rather than bandwidth. making sure that if i have my own upstart online that it runs roughly as fast as amazon. >> is t

they would carry the cost, not companies like google and netflix. sprint and t-mobile say they welcomed the measures that would rein in their bigger rivals. barnes & noble is breaking off. the bookseller will spin off its education unit. the result will be to publicly traded companies. some analysts were expecting them to spin off the nook. shares are soaring, up as much a 7%. in ukraine, the cease-fire may be taking hold. there were no attacks by pro-russian rebels overnight. ukraine has accused separatists from violating the cease-fire since it went into effect two years ago. the ukrainian currency has been in freefall, losing more than 50% of its value against the dollar this year. the central bank imposed a ban on foreign currency trading earlier this week, but that kind of thing never works. marijuana is now effectively legal in the district of columbia. congress is not happy. anyone who is at least 21 can grow as many as 21 plants and possess two ounces. it is still against the law to sell the drug or smoke it in public. in december, congress

politically also you had a lot of big companies in silicon valley netflix for example, which uses an incredible amount of web band width and google financed all the groups. they had second thoughts, but why does silicon valley want this? >> google and others were endorsing this when it was kind of a vague concept that we're going to treat consumers well. as it's now evolved with push from the left wing activists and from netflix into the government is going to run the internet, they're starting to have second thoughts. and netflix basically they don't want to pay -- they don't want to pay a lot of money for the fact that they push about a third of all internet traffic with their high-definition movies into people's homes. they want other people to pay for that, but i think they're going to regret it. >> mary, what can be done about this? it looks like congress can't stop it. what's the response? >> well, i think it will get tied up in courts because several companies said they'll sue. but ultimately this problem can only be fixed with a new ok occupant in the white house. you need the congress to act and to get the bureaucrats ge

google has spent billions of dollars just to be about a quarter of a second faster. the concern is not so much youtube or netflix if they have to pay for more bandwidth, they will. the concern is if comcast is in the situation of being able to force everybody else to pay for latency, that is not just about google or netflix. that is about every single newspaper site. >> where do you park that concern? is that something want to say wake up, congress, you need to do x? or is it something for which you want to invoke the industry? where do we take that concern? >> i think it has to be a concern in the corporate boardroom, the federal communications commission, the federal trade commission absolutely in the halls of congress. >> they are all listening to you. what do you want them to do? >> i think the most important principle is making sure people don't -- people and small carriers especially don't have to pay to have the same latency amazon or google does. a net neutrality focused more on latency rather than bandwidth. making sure that if i have my own upstart online that it runs roughly as fast as amazon. >> is t

google and netflix engaged in a strong lobbying effort to keep themselves in a priority position. about the argument that the broadband providers are making that this will this in sunrise private investment dish is will this incentivize --this bill disincentivize broadband investment? daniel: this is the trade-off the very real trade-off we're looking at that there is less incentive if you're monopoly power is reduced to continue investing, but there was much greater incentive to charge less. brendan: you are watching the way the wind is shifting in washington. one of the reasons this is happening right now is that there are new powers there that are shipping this debate. daniel: that is exactly right. isp's are going to be heard by this, content providers will help it the president has designated a speeding up your broadband lines. there tried to regulate you make that investment. he is joined to incentivize local governments to build broadband networks to compete with the actual broadband providers. we are moving away from private sector use and trying to balance that out. brend

on the other side are internet giants like facebook and google streaming services like netflix, and presidente the internet is a public good and should be regulated like one. they also say the companies that only pipelines can play favorites. for example, content provider like netflix is in direct competition with comcast, which owns nbc universal and controls ack set to the internet for more than 20 million customers. you can manage a scenario where nbc might want to speed up streams of its shows and slow down streams of its rival netflix. now, netflix can afford to pay for a fast lane. they make $4 billion a year. but the next netflix, some awesome start-up, can't. >> all right. let's bring in senior media correspondent brian staulter the host of cnn's reliable source. so brian, of course the major telecon companies are going to challenge this court ruling i imagine. how long until these rules could go into effect? >> there's a possibility of lawsuits from companies like verizon and comcast. comcast put out a statement about a few minutes ago saying we're going have to look at what our inve

the internet companies like apple, facebook and google and netflix on one side and the broadband service providers like comcast, at&t and verizon on the other. on this ground the internet company versus won. and the fcc loses no matter what. if they vote in favor of net neutrality like they just did it's possible broadband speeds will fall and they'll be criticized for that. if the fcc went did the opposite of what they did then they would be accused of throttling the implemented. >> can we say then that the speeds have already fallen in the europe and u. s. there hasn't been enough investment because they can't be seen to monetize that sufficiently. >> well, net neutrality in some countries is a legal requirement. holland for example. in america it's always been a regulatory principle that the industry has followed. it's only yesterday that it was enshrineed in law. people thought they had the authority to enforce net neutrality for many years. in january 2014 verizon challenged this level of authority and the courts ruled in favor of verizon forcing the fcc to make this decision. >> wi

netflix shares up about 1.25%, good for about 6 bucks hitting 484 and change today. pretty stunning run year to date one of the leaders on the nasdaq 100 today followed by google and avaggovancing further than netflix today as we inch closer to 5,000, comp up 15 points. >> netflix shy of 489. brunetti told us when we taped that yesterday, we asked would you prefer viewers binge viewed "house of cards" or not he said this season he watched the first six and then he's going to watch the subsequent whatever it is, four or six, along with the rest of america because there is something to watching it with people. >> shared experience. sales force less than 2% from an all-time high and so is facebook. good day for the cloud. >> still waiting for some word from the fcc. ibm ceo with faber going to be an interesting day. back to headquarters, scott wapner and the half. ♪ >>> all right. thanks so much. welcome to the halftime show and meet our starting lineup. jim lebenthal the president of lebenthal asset management. joe terranova senior managing director at virtus investment partners and jon and pete najarian co-founders of ohm. our game plan today looks like this. usa versus e

amazon is at number two and then biogen, gilead, netflix, cisco, starbucks, texas instruments and then google this list. contributing to this point gain year to date. the numbers of -- as far as points contributed get small once you get below the top ten. three points added to the nasdaq year to date versus that 106 from apple. so i mean when you look at what happens from here, you to think it's not the tail necessarily wagging the dog, though the biotechs are going to be important, but the direction of an apple and an amazon can mean a lot to where we go from here. >> true on a price basis and earnings basis for sure when you look at the s&p taking out apple changes things dramatically. whether it's the market expensive or some of the companies that aren't public yet, once again, evan spiegel looks smart for turning down the supposedly $3 billion deal from mark zuckerberg. snapchat wants to raise $500 million in new financing valuing the company at about $19 billion. that would put it nearly on par with whatsapp which facebook bought for $22 billion last year. somebody i forget who this morn

google wallet. this became an issue several years ago when youtube netflix and on demand videos started becoming more popular. evidence began to surface that some internet providers were manipulating traffic without telling consumers. those against net neutrality say the new rules are just another way the government is butting into business. despite today's vote one that you know is for certain. this isn't over just yet. future court battles and presidential appointments could reverse it. roaring for three on your side, i'm jim donovan. >>> a high fashion heist in hollywood. cad mow award winner lupita's dress has been stolen. police in los angeles say someone swiped the calvin line stunner. it is adorned with 6,000 pearls. it's valued at $150,000. that dress was allegedly taken from her hotel room on wednesday when sean there. and now detectives are reviewing security footage. >>> a philadelphia university student has taken a page out of the comic books and made hits own batman suit. it isn't just a costume though. this thing actually works like a batman suit. with the help of personal donations an

we've gone out on a limb on amazon, still like it netflix, still like it google 2, priceline will comein about a week and a half, that strikes us as having the most interesting risk reward in the space. >> good to talk to you. thanks for your time. >> thanks. >> up next watching the price of oil. brent crude trading higher today on track for its second weekly gain. brent crudup more than 2.5% but prices are still about 50% below their peak from last year. is there a recovery in sight? bank of america's head of commodity research joins us live. ♪ your dad just kissed my mom. ♪ turning two worlds into one takes love. helping protect that world takes state farm. what's that thing? i moved our old security system out here to see if it could monitor the front yard. why don't you switch to xfinity home? i get live video monitoring and 24/7 professional monitoring that i can arm and disarm from anywhere. hear ye! the awkward teenage one has arrived!!!! don't be old fashioned. xfinity customers add xfinity home for $29.95 a month for 12 months. plus for a limited time, get a free security came

that employees at the internet company that would benefit from these proposed rules like google and yahoo and netflixoney to the presidents campaign in 2012. the fcc plans to vote on february 26 c-1 thank you peter barnes in washington. breaking news politico is reporting that the obama administration has revealed a $21.8 billion shortfall in the student loan program and it will be tacked on to the federal deficit. chris stirewalt joins us now and boy, a lot of people are saying that this is just the tip of the iceberg. >> yes, and remember why the president initiated this program. it's an kick rack with a private public partnership. and the president said no we are going to save money, we are going to bring it inside the federal government. not only are we going to save money, but we're going to make it better because we will have more loan forgiveness am a it will be fair and nicer and all of those things and the fact that the cost is so high number one, that it was buried with in a table that was hit and as a footnote in an asterisk deep within the budget proposal from the president is pretty tell

google wallet. this became an issue when you tube netflix and on demand videos started to become more popular. the evidence began to surface that some internet providers were manipulating traffic without telling consumers. now those against net neutrality say new rules are another way that the government is butt nothing to big business despite today's vote one thing is for certain this isn't over just yet. future court battles and presidential appointments could reverse this. >> a a lot of people watching very closely. the it will affect everyone. >> reporter: if you follow twitter feed for netflix, imagine if everything was down loaded, one word at a time. they were trying to push their customers, obviously. >> people see it as a big business verse little guy type thing, lot of argument. very interesting case. >> we will be monitoring it. >> thank very much. >>> blurred lines lawsuit continues, robin thick back in court. we will get inside scoop live from l.a. >>> if you're sick of winter and find yourself wearing a lot of black three on your side is here to help, health reporter stephanie st

have the advantage because they can build their own networks like google has or apple and they can do other things like pay for it as netflix has. >> all of our member companies have thrived and we look at what makes the internet great. it is the idea of free enterprise and let the users decide. are companies are much closer than any other company or industry you are looking at. they care about their users and let them decide who will win and who will lose in their happy to have that fight. >> is it a cost concern as well? netflix has spent tens of millions to pay to get their content faster to customers faster than their competitors. >> it is an issue of fairness and you do not want to have a chokepoint anywhere in the network. when you have your customers you want to reach your customers and have them reach you and not have an isp or some other middlemen in the middle taking a toll or blocking or degrading content area >> that was the ceo of the internet association. under armour spent a million dollars on an app. that story next. ♪ >> welcome back. i am cory johnson. radio shack's bankruptcy is imminent. they will sell l

google or microsoft. >>> frank underwood is back for the third season of "house of cards." that's good news for netflix. cnbc's julia boorstin is live. >> since the show first premiered two years ago, its stock has nearly tripled as its nearly doubled its subscription base showing the $100 million investment in the show has more than paid off. now "house of cards'" third season will be instrumental in keeping viewers hooked and adding new ones. net flx is facing more competition from amazon upping its ante as it invests more in originals. and there's the new sling tv. plus netflix is losing dozens of titles in its library next month. maintaining the buzz of shows like "house of cards" is why the company is ramping up investment in originals, raising an additional $1.5 billion earlier this method. that's $500 million more than netflix previously announced. >> julia boorstin, thanks for that. >>> mike khouw, they are investing more in originals. and they say they are spending less on making their own content versus licensing from studios. >> the big issue had been concerned about rising licensing costs.

google and microsoft if you're long. >>> back with a third season of house of cards, frank underwood. netflix, at just about all-time highs. what does the show mean for investor, julia boorstin? >> it's a leader in premium contents. since the show's first season premiere two years ago stock tripled nearly as it more than doubled its subscriber base showing netflix $100 million investment in the show more than paid off. now "house of cards" third season, instrumental in keeping subscribers hooked and adding new ones with a host of rivals investing heavily in original content. netflix faces more competition than ever from amazon upping its ante and hbo services is in the works and the new sling tv, plus, netflix is losing dozens of titles in its library next month. maintaining the buzz of shows like "house of cards" is why the company is ramping up the investment in originals raisin an additional $1.5 billion earlier this month. that's half a billion dollars more than netflix had previously announced. melissa? >> julia boorstin, thanks for that. >>> and investing more in originals, they say acc

they had the advantage because they could build their own networks like google or apple has or do other things like pay for it as netflixas? >> all of the member companies have thrived under competition. when we look at what makes the internet great, it is really the idea of free enterprise and let users decide. our companies are much closer to the user than any other company. they just care about the users. they let them decide who will win and lose and happy to have that fight. >> is at a cost concern as well? netflix has spent tens of millions of dollars to pay to get their content to customers faster than competitors even. >> i did not think so. i think it is an issue of fairness. when your customer, you want to be able to reach your customer and have them reach you and not have a isp or some other middleman locking content or degrading content. >> the view from silicon valley. thank you to michael beckerman. we appreciate it. bloomberg "west."" will be right back. ♪ >> this is bloomberg "west." if sony finally making a comeback? $75 million in the luminary results. joining us via skype is the chief technology offic

another very well watched investor took new stakes in transocean but did dump google apple, intel, walmart and netflix. the total value of his stock holdings fell. take a look at how some of the stocks are trading. let's take a look at apple. it hit an all time high yesterday. up about 20% and that rally could continue. it's trading higher in frankfurt by 1%. >> let's remind you of the headlines. the nasdaq takes aim at 5k. the latest sec filings show warren buffet dumped oil stocks in the 4th quarter and ukraine's president confirms that troops are being withdrawn from the strategic town. we'll be back in a couple of minutes. >>> ukraine's president is currently with drawing troops from the strategic town in the east of the country. speaking with reporters it's already 80% complete. the russian foreign minister says they agreed ceasefire is currently being reserved in all front line areas. >> now actions by russian backed separatists are being condemned. the eu's foreign policy chief says they stand ready to take appropriate action if fighting in the region continues. the german government says the d

in fact, the question to say is: are you perhaps going to take on a google of the world and do you need to partner with a netflixthat? tim armstrong on the heels of quarterly numbers that were mixed here. but he has turned that company around. we're also looking at the snowstorms, especially up in boston, the super bowl for one company, that would be generac. we have the ceo of generac. he'll be talking about what happens once the snow clears. great for hiss his business. do summer storms affect him as well? we'll talk about the brian williams situation. as to whether it impedes the timewarner comcast merger. >> i look forward to that. talk about a thrifty fine. how they nabbed vince lombardi's sweater for nothing. how one hotel is capitalizing on your heartbreak. you can never have too much money. ♪ ♪ melissa: whether it's on wall street or main street here's who is making money today including the new owner of a tattered vince lombardi jacket. a man in knoxville was shopping in a local good will when he bought the item for 58 cents. it's worth $20,000. the lucky man only spotted lombardi's name tag when he saw

google for only $750,000. and another one, blockbuster passing on netflix over a decade ago. i do not remember this. $50 million. now its market cap is $27 billion. and jcpenney, another one ending proportions. remember ron johnson got rid of coupons and sales and promotions. obviously since sacked. but not before sales fell off a cliff along with the stock price. i know you guys have been going back and forth. >> hp autonomy. hp compact. time warner aol. netflix quickster. remember the quickster fiasco. >> i would throw in sprint and nextel. m&a i always come back to. some of these you can't say if they had bought google it would have been google. if mcdonald's had not spun off chipotle, would it be chipotle. >> still coulda woulda shoulda. what is google now? $400 billion company? >> quite a bit. >> one other person says letting gates keep the license for ms doss. a lot of them are involved in tech for some reason probably because there's just so much change. >> also the facebook phone was out there. amazon's phone was out there. we could go on all day with these. >> sometimes we do. >> yes, of co

netflix is doing, right, some of this is preventive. they've got a global strategy because they're competing with apple, google, and amazon. bout to launch a streaming service. if netflix wants to continue growing at the clip they've been growing at -- >> do you believe everyone becomes a cord cutter and starts buying all these things a la carte. the reason i watch cable in all honesty is because the stuff that i'm watching even on apple tv is stuff that i need the access code for over my cable system. so hbo go showtime. if you want to watch them -- >> they give you an activation code. >> if you have all the codes, it works like a charm. if you don't have the codes, it's complicated. >> i agree. but my point is everyone's like will apple unveil some tv product. i think their tv product is here and it's not bad. >> not at all. and it's in their core competency. >> is it a big deal? apple gets attention for everything they do but for some reason they're not getting any attention for this. >> it doesn't seem to be their major business the major way they run revenue. it's something people in hollywood are certainly monitoring.

google it and go straight to it. or you go to youtube and go straight to it. or, new bundles. if you were ever going to buy netflixck, i would never recommend buying it, but on a day it's dropped 25% it might be worthing thinking about. i think netflix could have a billion subscribers by sometime in the early 2020's. like, i don't think there is any reason why it cannot be absolutely gigantic. and then amazon will be very big, i think, and hulu. the new aggregators, the new bundlers, will be large. >> what is the future of apple under tim cook? will apple be a big player in television? >> it looks promising. it looks extremely promising. you know, the iphone 6 is a huge hit. and is going to be extremely successful. apple is gaining strength. you can kind of feel it. is a company gaining strategic strength or losing it? you can just feel that apple is gaining strength. i think they will do extraordinarily well. the interesting thing about apple tv is that apple keeps refusing to build the tv. everybody keeps predicting there will be an apple tv you put on your wall. and they don't build it. i believe that why they

netflix is up. >> too rich for my blood. >> you've run with the bulls, but have you even run with the llamas? >> i've run with the bulls, not the llamas. hashtag llama drama has googleor the year. >> not a llama but a bear. >> jonas? prediction? >> kicking the can another four months good for italian stocks. >> my prediction is the dress that broke the internet yesterday, blue, black, green purple or dare ugly is going to sell out like hot cakes no matter what you think of it. i might get one for my halloween costume. >> it's a great bargain. two dresses for the price of one. neil, take it away. >>> jihadi john wasn't looking for a job. welcome, everybody, i'm neil cavuto. we know the man at center of the gruesome isis beheadings, a man with a college degree from a well-to-do family. >> we cannot kill our way out of this war. we need in the longer term, medium and longer term to go after the root causes that leads people to join these groups, whether it's lack of opportunity for jobs. >> work isn't the problem hatred is. incredible. joining him we have ben stein