if you go to netflix or amazon, or any of these, you have a tremendous amount of cable content. leaving people want live for things that are relevant. fore think people want live things that are relevant. special events, things of that nature. -- will not focus it. is >> what is your response when broadcasters say you are stealing their signal? >> at some point, you have to call it what it is. it is name-calling. , they say iturts is a legal technology. it is consistent with what -- it isintended to difficult to me to look at it beyond name-calling. the fact of the matter is, this content is paid for by the consumers in advertising spectrum. it is worth clarifying that the technology is only applied to free to air television. it is not apply to cable. cable channel, it is a productive partnership. it is difficult for me to even answer the question, when you're required to program to consumers interest, a consumer has a right to an antenna, and whether they buy the antenna from radioshack, or from aereo is not relevant. we have established a paradigm of the length of the wire tha

if you go to netflix be, amazon or any of these online libraries, you have a tremendous amount of content that makes it there. and we think people want live for things that are relevant, unscripted so it tends to be sports news, large reality shows, special events, things of that nature. so as a result we focus on news as a first category that we think we can open this platform up to and allow these consumers to have access to different things. so that's -- >> host: what's your response when broadcasters say you're stealing their signal? >> guest: you know, at some point you have to sort of call it what it is, it's name calling because when three federal courts express an opinion that it is a legal technology and it's consistent with what congress intended, it's difficult for me to sort of look at it any other way except as name calling or mischaracterization. fact to have matter is that this content is paid for by the consumers in advertising, spectrum that the broadcasters have, and i think it's worth clarifying that aereo technology is only applied to free-to-air television, free-to-ai

cable and go over the air programming and, you know, over the top programming through hulu or amazon or netflixve seen, you know, in these negotiations most times the content owners are, you know, the higher leverage in these negotiations, and in most cases, these retransmission consent fees are, you know, come to a close without any loss of programming. >> bill, we expect this deal will get worked out, because they always seem to get worked out. last summer we had one between viacom and directv. we always seem to have them. they always seem to get worked out. but will this always be the status quo? will there ever be regulation that keeps this from happening? >> you know, i don't think so. and i think both sides certainly don't want the government to get involved. but if it gets a little dicey, or really dicey, and signals are pulled and consumers don't get their local news and don't get prime-time programming and soap operas and everything else, the local tv station offers, you know, local emergency news alerts, i think, you know, you could see a threat of that. i think the threat there will

amazon and netflix. could see how tesla would run out of gas or battery life. on, netflix and tes tesla, i say absolutely, they're the best they are in the class. they're in a class by themselves. but you ask if i would buy them for my charitable trust, my answer is no because they simply don't meet the criteria. with the spark miles card from capital one, bjorn earns unlimited rewards for his small business. take these bags to room 12 please. [ garth ] bjorn's small business earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth ] why settle for less? ahh, oh! [ garth ] great businesses deserve unlimited rewards. here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses t

. >> amazon or netflix? what do you say? >> netflix. >> did we just start playing would you rather? >> i know you love it. >> we can. we'll try the next time. meantime next trade retail sales for june missing estimates rising 0.4%. courtney ragen joins us to run through the numbers. >> reporter: two-thirds of our country's gdp consumer spending very important. while many forecasted a stronger second half of the year, now those payroll tax increases continue to show signs of improvement, congress latest data not so inspiring. stripping out autos and gas, retail sales fell 0.1%. there were areas of strength, particularly with larger purchases, sales of motor vehicles auto parts improved 1.8% in june. consumers spent 2.4 on home furnishings. department store sales one percent lower than in may. food and drink down 1.2%. miscellaneous category that posting a dismal negative two and a half% for june sales. the labor markets continues to be a drag. a number of retailers, including family dollar have expressed concern. the consumers are getting by with largely the basics. we shouldn't forg

on an amazon or netflix it really doesn't matter. but the key here is will continue to be revenues. when we see 0.6 revenue growth, that's an issue. >> bob pisani, you're seeing institutions sell stocks and individuals get into stocks, multiple expands, and as herb and mike and art just pointed out the quality of earnings simply not that good. >> it's true that buybacks are helping the earnings so include and look at that point of view, you're right. it's a quality issue, but the fact is we're still at record high earnings on the traditional metrix that we use, number one. number two, two things that move stocks down, we saw this week, higher interest rates so concerns about higher interest rates whether it's from the fed or the market moving up and secondly, any kinds of chinese that china will go into a real slow growth cle 7%. that's a major issue. one thick i agree with herb on is it works until it doesn't work. caterpillar came out, a major dow component and talked about slower growth throughout second half of the year. the market slowed down. a company with a big problem. they

or netflix. this is the tablet. 7 inch tablet. for $230 you get a lot of the power that you see in say an amazon tablet or ipad mini. because you can hook it up you can use it as a remote control. >> this is an hd line compatible with all tablets out there? >> right. this says we will work with either apple or android devices. a little bit broader. >> i been watching my shows like this at night. now i can watch it on tv. >> be careful not to lose it because it is so small. where did we put the dongal. >>> that is going to do it for us. thanks so much for joining us. we hope to see you back here at 6:00. >>> on our broadcast tonight, fed up with washington. that's not a surprise. it is a new record as we debut our new poll tonight. and as the president hits the road in his own defense. >>> secrets and lies and new fallout from an x-rated political scandal that has engulfed the biggest mayoral race in the country all because of one man. >>> family history about to continue for caroline kennedy said to be getting a big job representing the u.s. >>> prince george, the new baby has a name rooted in british history. while

netflix. it looks like the same movie that we ve seen so many times, whether it's blackberry or paul. >> i'll tell you. melissa: here comes amazonple is sitting here. they're both going to gang up. right now a lot of people love netflix. they recreate their business. it's pretty fantastic. the bullies are coming for them. >> i think netflix is certainly going to be under pressure from amazon in particular which appears to be copying their strategy. netflix as its own strategy which is to commission expensive, exclusive content. autos you who the next victim is. it's fairly obvious. apple is not the leading subscription music service. apple is no longer the leading smart phone maker by market share. varioumanufacturers who used to will android. by the way, prices plummeted. kendall offers -- amazon offers a candle. it's something like. melissa: says the point. that is one of the points. you y for all of the other products. >> consumers benefit. >> but not if they're charging more. they're want to get you so that you are a prime subscriber. those prices go up because you're in the store already. lots of other things they're trying

or buying the talent to create content? >> correct, over and over. one of the advantages they have-- and this goes for netflix, this goes for amazon-- is if you're make egg programming decisions you're always just throwing darts off into the dead of night. who knows what will stick or work. >> some do it better than others less moonves, even though i work for him, being a good example. >> but when you hear a pitch for something who ever thought "lost" would be good television. netflix, amazon intel if they get into the business. >> rose: but they're all going to make do the same thing? >> well, they'll be doing the same thing in different ways but they'll have data to help them decide. if you think of "house of cards" which did very well. you have people who like david fincher knew vise. >> rose: great director. >> you have people who like kevin spacey movies. and you have people who watch the british version of "house of cards." if you take that venn diagram and put it to the other you go "oh, there's a business in there." >> rose: and you've got -- as you have suggested, netflix is paving the way but there's also hbo go and google, a huge company,

netflix and amazon have this bizarre quality. unless they tell you they're never make money ever or they're going it burn all the money in a chimney, people seem to be happy with it. weakness equals buy. last but not least, we get a housing checkup on friday. has housing been hurt by the spike in mortgage rates? i'm following stanley works, fantastic tools company, and warehouse, a home libuilder and lumber company. john paulson made billions bething against housing six years ago. now he's the biggest housing bull in the land. if rates go up again between now and friday, these stocks will sell off no matter what they say. let's keep an eye out for them. here's the bottom line. there's a lot happening next week. the thing you need to keep in mind is while most techs have been awful, many other sectors are absolutely on fire. i won't be surprised if they don't continue all next week. jim in washington state. jim. >> caller: jim, how are you? >> all right. how are you? >> caller: great. hey, listen. thanks for your sage advice on stocks. it's helping pay my daughter's tuition. >> that's fantastic. if we can help you to raise or save

netflix and amazon have this bizarre quality. unless they tell you they will never make money or they're going to burn all the money in a chimney, people seem to be happy with it. that's when the clock trades, weakness equals buy. get a housing check up on friday. has housing been hurt by the big spike in mortgage rates? my trust owns two stocks i'm following closely. stanley works and warehouse. i agree with what i heard during my partner's terrific interview, john paulson. remember, he made millions betting against housing six years ago. now, he's the biggest bull in housing in the land and these are two of the highest quality housing plays out there. if rates go up again between now and friday, these stocks will sell off no matter what they say, but let's keep an eye out for them. there is a lot happening next week, but the thing you need to keep in mind is that why most techs have been awful, most are on fire and i won't be surprised if they don't continue all next week. jim in washington state. jim. >> boo-yah, jim. how are you? >> all right. how are you? >> great. hey, listen, thanks for your sage advice on stocks. it's he

amazon, and starbucks. mandy, back to you. >> all right. thank you so much for that. and, also, make-or-break time for netflix. >> slow down for a second!you kidding? i'm never going slow again! >> dreamworks animation made a movie on "turbo" may turn out to be a dud. >>> plus, has the netflix trade ahead of the earnings monday, what's going on there? we'll find out. >>> later on, we'll send -- excuse me -- a message out to the interns. look at them. there they are. they're in a difficult assignment, on the side of the road, and there's an actual app to get the ice cream truck to your doorstep. they are waiting right now outside the nyse for a cold scoop of ice cream, poor things. they're looking everywhere. where is the truck? we'll talk to the ceo behind the app after this. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is

netflix is trading 635 times earnings right now, so the price tag would be hefty, but, yeah, that would be very interesting because apple or google, maybe even amazondisrupt the cable tv industry and they need the content to do that. >> they need a splash. you never know. thanks very much, appreciate it. >> julia will be monitoring that conference call and can you watch it here live on cnbc. that's pretty goal. today's mystery number is 655,360, that's the number. acted so smart with the net. ics thing and that's your mystery number. let me know gnaw think it is, an later we'll test dive a sharknado. look at that. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. >>> a few minutes ago, we gave you the answer to our mystery chart, which is way too easy. no

know one thing or another but i think what you hit upon was something called the filter bubble which is this concept of on google now and lots of other sites like facebook at netflix and amazon even when you search for something they're really trying to tailor it to you as an individual based on your search and click history and that means that you are not just the difference all from google and up to go you're seeing different google results in the person next year and so it's called the filter bubble because you're in a bubble that is of your own making in your political ideology and it's called the filter bubble because it's my city it's filtering out these opposing viewpoints and so we did a study actually last year where we had people search political topics of how the election and the u.s. election. at the same exact time on google signed out in cognito we have the most expectation of being anonymous and people in the same city would get cynical a different result tailored by it's a black box you don't know exactly but it seems to be tailored by their political viewpoints some people were getting as a agree disagree ample this was real some people were getting i miss n

amazon, then, sure, it is a good deal. unlike hbo, they do not have the right to exploit this beyond that window. dennis: 26 of 30 analysts that follow netflix are on a sell or market will reward. netflix is trading up on subscriber growth. that is the one thing that they have excelled out. long-term, i just do not think that they make as much money as it implies. dennis: let's remember the scale. they keep saying that they are the next hbo. thank you for being with us today, michael. >> thank you. cheryl: a quarter till. time now for stocks now. nicole petallides i know that -- nicole: there is so much that we watch with apple. the stock right now is up two dollars. of half of 1%. they raised their price target. most analysts think that it is worth buying we are seeing apple is testing screens for their iphones and tablets to be competitive against names like samsung. it makes them much more competitive in these areas. there are reports that you may see something in late august. we will continue to follow these stories, of course. dennis: miami vice. securities fraud. more such fraud cases may be on the way. we have elizabeth macdonald joining us. >> happen

netflix and amazon and get some more revenue doing it that way. you could do that and not go outside the company, couldn't you? you could go to xfinity ornother advantage of having the different distribution channels, right? >> well, it's the kind of area where we're definitely making investments in. we have something called stream picks at the cable company. we have minority nonvoting interest in hulu. we want to be across the digital space. at the same time, we do business with netflix and amazon and, of course, our customers get those products through comcast broadband. it is in everybody's interest to find a way for the consumer to get whatever they want whenever they want it and to have a lot of choices. and that is what we're all racing toward. i think we're in a very special place at this cross-section of media and technology. it's an opportunity that we're not trying to be complacent but rather trying to innovate and push ourselves with the kind of things you're talking about. >> i didn't think about that. yes, with netflix you have the broadband. i was going to go on, i had an additional thought about that. i can't remember wha