i do not jump on pandora.nect the world with music pandora has shown they have their listeners. i understand revenue and being profitable, but from where it is trading now, i think it is extremely undervalued. you agree pandora should explore selling itself? >> 100%. suitors, google or facebook, should be lined up to buy pandora, yes. betty: what do you think pandora should do to increase subscriber numbers? should they move to video? andrew: i do not know why. they are doing a great job at music. i would never second guess her management. i'm an investor. i do not run companies. music is universal and i know that facebook wants to connect the world. google likes connecting the world. cannot do without music. apple, pandora, stratify. argument foran radio as well. it is extremely cheap for what they are offering. betty: before we go come on retail, you called it. since we discussed the turnaround and expressed some doubts, the stock has gone down. are there other retailers that you believe are struggling -- st

emily: here's a great stat -- millennials spend more time on pandora than youtube. stock has dropped 40% since last year. what is it that investors are not getting? tim: there is a lot of misperception about the company. my job is to make sure that story is clear. it could be true because our strengths are not immediately visible. with personalization, the engine that drives our song selection and creates personal radio is a hard problem. even as we have had competition and free alternatives, hour per listener, per month listeners have increased. that's a reflection of the massive investment we've made in personalization. the second thing is monetization. we monetize our product pretty close to the way radio does. those are two huge strategic pillars for us and i don't think they are yet well understood. so, we will tell that story and i think it should show. emily: what about an on-demand product where listeners can choose what they hear next rather than just waiting for what comes up? how close are you to having what you need in place for that on-demand platform?

and the person says, what can i do on pandora today? that is what we are looking to build. >> how can you change the perception of the consumer for a long time thought that pandora is a radio and the music genome product and produce something that i have not heard of before? >> well, that is the challenge of the product design which we are good at. what you will see with the product is not a me, too, subscription service, but it is based on what we foe about you and which we know a lot about you, and we can bring you into the interactive space in a low effort way, and it is going to be differentiated. >> is marrying the two worlds mostly an engineering challenge, marketing challenge, is it a royalty challenge -- a what are the economics behind it? >> bundled into one, and starts with the music experience, and part of what has made man dor ra so successful is that it is drop dead easy to do. and we can nail the easy experience for you. and we will broaden the product, and we are well down the path, and it is promising a, and the business

and the next battle in the battle of music, and streaming with pandora and spotify.cts a skin transformation that rivals the leading department store moisturizer. revives skin to fight 7 signs of aging. with olay, you age less, so you can be ageless. olay. ageless. >>> good morning, everybody. i'm sue herera and this is is the cnbc news update for this hour hour. president obama visiting hiroshima, and the first sitting president to visit that city since the u.s. dropped the atomic bomb in 1945. after speaking at a memorial, he met and spoke briefly with two men in the audience who survived the blast. >> a u.s. sailor confessing in court to raping an intoxicated japanese woman who had passed out in a hotel in okinawa last march. the seaman will be sentenced in july, and he was stationed at a u.s. base in okinawa. >>> eight automakers are recalling 8 million vehicles in the u.s. as part of takata airbag recall. >>> and houbtw about this, 96-year-old dr. harry heimlich performed his maneuver on a woman at a senior citizen center. it is the first time that he performed

pandora responded by saying it has a profitable core business and is committed to delivering long-term value for its shareholders. shares of pandora up 10%. >>> there is an investigation into the sales practice of the lending club as we reported last we're. the peer to peer lenders resigned after the discovery of faulty loan sales by some of the staff. the news today sent shares down more than 8% to $3.60. >>> the patent and trademark office will review bio science's request creating bio similar versions of drugs that the government agency said the patent on this drug may be invalid. shares of advy fell and other shares soared nearly 15% to 18.85. >>> and one of the employees has been indicted on criminal charges related to an oil spill last year which leaked 143,000 gallons of oil near a beach in santa barbara, california. the company faces 46 criminal charges, including four felony counts. despite the news, shares rose more than a percent to 25.31. >>> from congested subways to crowded airports, our nation's infrastructure is in need of repair. the american society of c engineers rat

. >> pandora on the move after an activist invester announces he's shaking things up at the streaming music company. we'll debate the stock coming up, and a bullish call on a miner. the gold trade crowded? nothing unleashes power... quite like the human foot. introducing the 255 horsepower lexus is 300 all-wheel-drive. with twenty-five percent more base horsepower. once driven, there's no going back. >>> welcome back to the halftime report, going to sharon now who has the latest headlines for us. >> reporter: here's what's happening at this hour. the national transportation safety board holding a hearing in washington, d.c. to announce probable cause of last year's amtrak train crash in philadelphia. it said the engineer of the train went from, quote, distraction to disaster in a matter of seconds because he was so focused on radio traffic about a commuter train that had been hit by a rock. the u.s. has eased sanctions on myanmar to support political reforms and economic growth in the country. the moves include easing reinstructions on the country's financial institutions. john kerry

that's because jared is the store for pandora, with all the latest styles.gift like no other. that's why he went to jared. ♪ >>> all right, time to check "the pulse" starting with the most breathtaking, jaw-dropping, eye-popping fashion of the year and it's not that. >> i don't think this would quite make the cut. >> not quite. >> at the incomparable met gala. kim kardashian was head to toe in chrome and keeping with the theme of technology, along with cuss kanye west who donned some ripped jeans and blue contact lenses along with some chrome, as well. katy perry covered herself in gold chains and brass keys, she also incorporated a white tamagotchi into her outfit. >> madonna let it all hang out in this sheer black givenchy number leaving nothing left to the imagination from behind. >> not much from the front either. >> claire danes was just glowing literally. she put her on spin on this princess dress that lights up via fiber optics. >> katie upton newly engaged to baseball star justin verlander showed off a glittering gold gown along with the new ring fro

pandora under pressure to put itself back on the block.ge fund managed by carl icahn's protege has taken nearly 10% stake. making it the largest shareholder. in a letter to the board, he suggested pandora should explore the potential value to shareholders that can be realized in a sale. pandora was said to have them the help of morgan stanley earlier this year but with the reestablishment of tim westergren as ceo, the idea appeared to be off the table. it is full steam ahead. emily: he said he was surprised by tim westergren returning to the helm of pandora. shares closed 6% higher in tuesday trading. coming up, will the fiasco spell -- of lending club spell trouble for the wider online lending space? and if you like bloomberg news, check us out on the radio at bloomberg.com. more on bloomberg west, next. ♪ show me top new artist. ah, ha ha. show me top male artist. my whole belieber fan group. it's not a competition, but if it was i won. xfinity x1 lets you access the greatest library of billboard music awards moments, simply by using you

. >>> pandora shares on the rise after activist investment firm calling for pandora to consider a sale>>> stocks poised to open lower following monday's rally. futures up 0.4 as gasoline, medical care and food prices up. april housing starts up 6.6. well above expectations on a 3.7% gain. economy doesn't look too bad this morning, jim. >> no. a lot of that increase in cpi is gasoline has come up. that's something that the market likes, which is the craziness of this market. remember we go to $48 for oil yesterday, and we have an explosion. all the stocks of the companies that do poorly when oil goes higher, but that's all right because oil is meant to be a barometer. we keep telling ourselves that. at a certain point it's not a barometer. at a certain point it's back to the inflation rate. but at the same time i don't see a lot of strength. i just see a lot of no volume, algorithmic moves in the stock market. yesterday was one of the worst examples of it because the stocks kind of gravitated -- i was looking at some of the gains and how little stock they were made on. i mean, other tha

♪ emily: pandora under pressure to put itself back on the block.e fund managed by carl icahn's protÉge has taken nearly 10% stake. in a letter to the board, he suggested pandora should explore the pen -- potential value to shareholders. to have themaid the help of morgan stanley earlier this year but with the reestablishment of tim westergren as ceo, the idea appears to be off the table. >> it is full steam ahead. by timhe said he was ron westergren returning to the helm of pandora. inres closed 6% higher tuesday trading. spell up, will the fiasco trouble for the wider online lending space? and if you like bloomberg news, check us out on the radio at bloomberg.com. ♪ mark: let's begin with a check of your first word news directly authorities raised areas of deadly bombings was likely carried out by islamic eight. at least 69 people were killed and three outdoor market and a restaurant in baghdad. amtrak says it will review the findings by the national trance patient safety or on what led to last years fatal derailment in philadelphia. the chairman

pandora media is being pressed for a sale.x management, hedge fund managed by keith meister's. joining us for more, paul sweeney. why the pressure to sell? paul: the stock is trading at about $10 per share. half of where its high was in the last year. the stock has been under pressure primarily because investors are concerned about competition. they take a look at the online music business and they see the likes of apple on the horizon, google, spotify. pandora has a profitable business, a monetized audience base, a sizable base. in the context of the competitive landscape of think investors are concerned about where does pandora really fit in and we see that in the stock rice. it is right for an activist investor. lisa: what are the potential candidates to take over or by pandora? paul: it's got a great brand and user base. a proven advertising model and monetization model. apple, players would be spotify and anybody beyond that you could argue there might be some technology company that wants to get more into content that mi

. >>> isn't stocks to watch, corvex with pandora. pandora says its core business is up.nd office depay may sell some of its european operations with staples due to antitrust concerns. they expect disruption from the deal to continue into this quarter. lending club received a grand jury subpoena from the justice department. the ceo was ousted after an internal probe showed that the company falsified documents when selling loans. several large investors have halted business with the company down 8%. >>> more stocks to watch, twitter is adding leb bra lee, the ceo of b.e.t. networks to its board. jack dorsey added pepsico's hugh johnson and trying to make it more diverse and clearly is adding a number of female directors. vodafone reporting profit growth since the first time since 2008. the mobile carrier says it plans to spend more than previously expected to improve its network. investors liking that news. >>> reuters reporting that the usda will join syngenta and chemchina taking over pesticide makers syngenta. box. potential impact that this deal has on food security. >

. >>> luxury stocks perk up after pandora's shimmering success.ifting its four-year guidance. >>> and thissenkrupp. >> and european finance ministers open the door with an attempt to break the dent in the bailout over athens. >>> hello, everybody, good morning. glad that you're with us. >> that's right. >> second day of gains for european stocks so far. >> second day of gains. on european equity markets this morning. we're climbed a couple points higher. we just held on to that flat line after just an hour into the actual trading session. maybe we could show viewers as well what our european equity markets have been doing in general. because we've been hanging on to the gains this morning, also on the back of two-month lows in asia. and also a mixed session out of wall street yesterday as well. a pretty mixed dade. >> mixed in while she said the second highest volume day of the year. so traders were getting back. >> is it really? >> second highest volume day of the year so far. >> that's interesting. i think wonder why they're choosing to get that

a group bought up lots of pandora stock and sent a letter to pandora's board saying it is time to sellhe company. you may recall yahoo came under similar pressure from a different corporate raider. we were talking earlier about twitter's newest board member appointed monday. deborah lee and twitter's first african-american woman director. she also uses twitter. lee has more than 7,000 tweets, marco lane nearly 18,000 tweets. twitter's first woman board member, 22 tweets. most of those are retweets. hugh johnson, 15 tweets. seven of them are retweets. last time he tweeted was late last month. as we were talking earlier, doesn't mean they shouldn't be good in business but if you are on the board of a company you should probably use the product more than seven times in your life. >> right. >> you've got to eat the dog food. >> one topic you talked about has been self-driving cars. we are looking at the future of the trucking industry involving no one behind the wheel, as well. former members of google's driverless car division start thinking bigger as 18 wheelers on automatic pilot. the t

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what a day for pandora. shares are up by 11.2%. should we talk retail?ty: let's continue to talk about the consumer. specifically, gap. did you own any gap jeans? it's hard to get back to that heyday. they came out with their preliminary results. you can see the chairs are falling quite a bit. that come back has not serialized. dropped 7%. old navy sales dropped 10%. he said he would turn around the company. you would start to see things materialize by this time. that hasn't been the case. there might be some consumer sentiment on retail. -- sellerses including macy's will report tomorrow. in the meantime, european markets are done. be heading fory a day of gains as well. abigail doolittle has more. we looking atail: a rally for the nasdaq. monster beverages on the best performing stocks today. they are buying back to million dollars of outstanding stock. this will be a modified dutch auction. on june 8.s this is near the stocks record high. we look at a chart of monster beverage. there is a slow-moving trending range. at some point this year, the could

:0-15 more startups moving to east bay/traffic congestion may see improvement 15-19 marta riggins/pandorabination of rich cultural history. in a city. 1'26-1'35 john goodwin/metropolitan transportation commission nat sot - there's a lot to be in a vibrant city than a campus environment >> reporter:one of the first big startups in oakland pandora has called this place home for a decade the city was chosen for its charm. >> reporter:with nearly 80 million active users a month in the u-s, the employee base is growing as well. walking to work allows marta riggins chance to get home to her 4 year old son within a couple of minutes. >> the fact that i can leave work within 10 minutes to get home from preschool mins get him from preschool allows me the opportunity to be present at work and go home to be a present mom. i don't have to be commuting long distances >> reporter:walkability is important to marta, but there are thousands that depend on transportation to get to work. >> reporter:the fact is, more people are moving to the bay area. and this heavy demand on the transportation system is ev

pandora and others made it people could access music for free.many people ton want to pay, and then a of services five for that group. they are trying to make that bigger, but you have spotify, youtube, pandora, and smaller companies like rhapsody. once you have not heard of. they are offering more or less the same thing, a huge library of songs on-demand. how do you stand out in the marketplace? one of the reasons apple music really struggles is because it would seem apple would have added advantage because it is apple. on the oneoming up year anniversary, they have a developers conference. they will lay it all out? >> yeah, that will be the did you -- the debut of new apple music. maybe they will bring up more stars like last year. with a new album exclusively with apple. it hit number one, and apple has wanted that. they thought they would get exclusives to the point of competition. jay-z and title had taken artists they would normally get. they took jan say -- beyonce. traid: in this week etce section, we give the new google e-mail a test dri

pandora is rallying after korvex pressured the company to sell some of thes assets. 9.0 stake in the stock, and this morning, it is up 8%. >>> coming up, the first e commercial free 3d pinter. and also, is video a big bet on video? mashable ises -- mashables is look g f looking for a big share. and we will have more "squawk alley" in a moment. ♪ the intelligent, all-new audi a4 is here. ♪ ♪ ain't got time to make no apologies...♪ puwith meta appetite control. you and temptation clinically proven to help reduce hunger between meals. new, from metamucil, the #1 doctor recommended brand. >> what i do is metaphorically i look at my closet and say, what is not here? then i go to the shop and make it. i have found a voice. my e goal is to ell hp everybody find theirs, and i challenge everybody to put yourself in other proverbial >>> welcome back. hp ip:00 is unveiling the first commercial-ready 3d printer oday. joining us is the ceo of hp ink, and don, thank you for coming on. >> it is great to be here. thank you for having me. >> and we have been anticipating this for at

and sure enough, the pandoras are loose on the land. but jay feldman has taken a totally different, very constructive and healthy approach to our pesticide problem, not just opposing the pesticides themselves, but also proposing and trying to impose across the country as regimen of organic production and certification. and he served on the committee that helped put together the organic standards at the u.s. department of agriculture. we were just talking backstage about that's one of the few laws that has actually worked in terms of using chemicals. the reason it worked is because it's got principles and ethics built into it. the people themselves created the organic standards. it didn't come from a lobbyist or a member of congress. the people themselves put it forward and now we have to defend it again because the powers that be are trying to undo it. jay has been head of beyond pesticides, working to eliminate poisons by extending organic production. jay feldman. [applause] >> thanks, jim, and thank you, ralph nader. i am so honored t

put them into context, say, with a pandora, with a spot any, in terms of how users are responding andng that app and using it. >> yes, absolutely, definitely. tidal is doing a great job, exclusive to downloads on a regular basis. we have now beyonce and i think it has been very positive for the service. like pandora's, spotify, in terms of registered users, but they're making good strides. >> bertrand, we've had this notion of bots come up increasingly frequently here. and there's a large school of thought that says it might have material effects on the creation of apps going forward, as you're able to surf through those things more fluidly. is that true? >> i would say that all bots through apps, if you look at what facebook announced, with facebook, messenger, and bots, i don't think it will have a negative effect, to deliver what is mostly customer service, for some specific use case. >> and bertrand, what are you seeing in terms of facebook's overall dominance. it sure looks like with all of the properties that facebook has picked up or developed, their position looks very strong

it's now the largest shareholder of pandora saying its core business is profitable.he shares are down 25% this year. >>> lending club says it has received a grand jury subpoena from the justice department. a big piece in the "journal" on the front page. the online ceo was ousted after an internal probe showed that the company falsified documents when selling a package of loans. on an s.e.c. saying a large number not doing business with the company at this point. >>> time for the "executive edge," we're going to talk about why it's time to be emotional. chris voss is here with a back called "never split the difference negotiating as if your life depended on it." chris, whether it's a conversation with your spouse or whatever -- >> especially with your spouse. >> well, no, i'm suggesting that this conversation is relevant to lots of different people. that's all i was trying to -- in all sorts of -- >> that's what i just heard. >> chris, though -- >> and we have to negotiate. and she's the mediator. here's the question, i want to go straight to specifics of how to do it

judge napolitano say that could open pandora's box.ater this hour, gary johnson, could he steal enough votes from clinton on trump to sway the election? and troubles for olympics, fears over zika, the doping scandal. and some say they should move the olympics. and the megyn kelly interview with donald trump. how would he feel if he didn't win? >> if i go all the way and don't win, i will consider it to be a total and complete waste of time and energy. >> futures looking a little worse. now they're down 60, maybe 70 points in 15 minutes' time. a couple of big names for you. first off, teen retailer urban outfitters, it's going to be down and down, ahead of the financial numbers coming up later this afternoon. down about a buck maybe. we'll see. how about alibaba. china's amazon. is chief jack ma withdrawing from an anti-counterfeiting convention? but jack ma did visit the white house. e-mack, the critics say that alibaba is the world's largest market for-- >> alibaba in the marketplace, nearly half a trillion merchandise alibaba flows t

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month, subscribers get add free videos putting the platform in direct competition with spotify and pandora. and youtube has the eyes of one-third of all internet users and more 18 to 49 years old than any cable network. while you may not know the next guest's name, your kids probably do. started her cooking youtube channel called nerdy numbmies like emoji cookies. she has more than 6 million subscribers and 1.3 billion views. she's also a new york times best selling author for her cookbook called nerdy nummy. >> thanks for having me. >> you are a huge success. you figured out how to make it in the digital world and in fact, reported last year you made $2.5 million which blows my mind. first of all, congratulations. second of all, how did you get into in? >> i started creating content for fun. i really wanted a creative outlet and it wasn't about business at all. i just wanted to be more comfortable in front of the camera and have somewhere to create something. and i started posting videos and slowly, over the last five years, a real community started to form and grow and they demanded more

people don't like the idea it opens a pandora's box. it's okay. eric, if you feel like a woman, you can go to the woman's room. that's not okay with america. i don't think people care. they are not going to ask questions. if you look like a woman, go to the woman's room, look like a man, go to the men's room. women, the core customers, they are shopping with kids. >> eric, i agree with john and trish here and this is target thumbing their nose at the customer base, and that's why there's outrage. i'm sick and tired of the hypocritical selective outrage by those on the left. look at businesses like paypal that pulled out of north carolina as a result of the law, 400 jobs gone. they do business in 25 countries where homosexuality is illegal and countries where this is punishable by death. >> posing this question and target's statement. if target does, in fact, change the mind set saying it's a bad business decision, change the policy, what's the transgender, lgbt and whatever letter is there, what will they say? >> if a guy is dress the up as a girl

moving onto pandora. pandora has a big investor. a 9.9% stake in pandora. it is a technology fund.eally encouraging the company. reworking the company itself. stocks have been down this year. about 45%. more cavuto. ♪ >> yes, it is back. overwhelming popular demand. a segment that gives you the opportunity to take a look at what is moving on technology. who better to get on top of this than our very own dagen mcdowell. very technology savvy. i do not understand it. getting into the -- dagen: this is what they are doing. neil: all my god. it is not that thing, is it? dagen: yes, it is. you can now watching the youtube video and virtual reality. it is a new update. this is for the iphone. the virtual reality on your iphone has been very lacking. google has now made all of this on youtube. all you have to do is get one of these cardboard headsets. which i was wearing earlier. you go to the upper right-hand corner of your youtube app and you hit cardboard and you get that split screen that you need to watch it and virtual reality. i was watching my man, jimmy page, live 1975. it was a

i'm starting with pandora, the biggest gainer on the stoxx 600 so far.ing, the danish maker of charm bracelets and other jewelry raised its first order profits, that beat estimates on growth in asia. that said, revenue growth was 46% in the first quarter, so it did decelerate from the pace it had in 2015. but shareholders seem to be focusing on the fact that it is raising those forecasts, and on the profit. pandora up 7.6%. performersworst is the french bank expanding its u.s. advisory business, posting a 30% drop in first quarter profit, curbing revenue and its investment bank and asset management businesses. cco -- it unclear as to why this was falling, because sales did beat estimates for this company. it's a l weather for the global company. it was first quarter revenues that beat estimates, but what it did say that friends, its biggest market -- that france, its biggest market, is slowly recovering, pointing to weaker trade. adecco down 2.8%. the french recovery is not explosive, by continuous. -- but continuous. caroline: thank you. let's dig into

month subscribers get ad-free videos and mutic putting the platform in competition with spotify and pandora. despite the competition, youtube still has the eyes of one third of all internet users and attract morse 18 to 49-year-olds than any cable network. while you may not know our next guest's name your kids probably do. rosanna pansino starred in her cooking youtube channel called nerdy in 2011 showing the world how to bake goodies like cake pops and emoji cookies and has more than 6 million subscribers and also a "new york times" best-selling author for her cookbook called "in other wordsy nummies." thanks for being here. >> thanks for having me. >> a huge success, somebody who figured out how to make it in the digital world. "forbes" reported you made $2.5 million which blows my mind. congratulations. >> thank you. >> how did you get into this? >> i started creating content for fun. i want a creative outlet and it wasn't about business at all. i wanted to be comfortable in front of the camera and have somewhere to create something. i started posting videos and slowly, over the last fiv

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. >> hinojosa: the church is saying, "we're going to open up this pandora's box about political violence." >> "and we're going to defy the amnesty." see, because when the guatemalan... the guatemalan army basically could dictate... the un peace accords basically dictates the terms of the peace agreement, right? and among the things that they insist on is that there's going to be an amnesty. in other words, of the 200,000 or more murdered civilians in the war, the vast majority of them killed in the 1980s... >> hinojosa: 200,000 people. >> civilians killed. they say there can be no criminal prosecutions or investigations, right, of these countless tens of thousands of homicides. it was basically one of those horrendous... you know, the 20th, late 20th... the 20th century invention, almost of making the civilian population bear the brunt of the fatalities, you know, in a war against insurgency. that was taken to a real extreme in guatemala for so many reasons, part of them i'm sure, you know, a kind of genocidal rage and desire to sort of cleanse the country of these sort of... >> hinojosa

. >> reporter: one of the big start up, pandora has picked this city for its charm. >> it's that combinationfordability muse. >> reporter: with nearly 80 million active users in the u.s. the employee base is growing as well. walking to work allows this woman to get exercise and get home within a few minutes. >> to get to work and then home in a few minutes great. >> reporter: thousands depend on transportation to get to work, but it's heavy demand on the system here and evidence. >> we see record ridership on cal train and bart and a growing number of ferry travelers. and the biggest reason is jobs. >> reporter: jobs determine what the infrastructure looks like. >> we project over the course of the next 25 years that san jose and san francisco will lead the bay area in job growth. >> reporter: they believe with more tech jobs moving to the east bay, eventually traffic will ease a bit. >> if there's more jobs that are moving to oakland and elsewhere, that would reduce the housing imbalance. >>> this week we're talking about jobs and the high tech jobs that they're having a hard time filling.

pandora sales were up 35%. short in its first combiningreport after without the television. the company missed estimates her by phone carrier spending, less on wireless networks. -- by phone carrier spending less on wireless networks. that is the bloomberg business flash. francine: thank you so much. i am here in zurich, where i spoke earlier today with the credit suisse ceo. credit suisse reports first-quarter earnings today. we have a loss on the quarter, but it was a lot smaller than we had expected. currently they are focusing on cost cuts. he unveiled the strategy in november, then had to tweak it and come up with a much stronger strategy in march, especially to unwind or at least to cut down on the investment bank a little bit more than expected. today i asked him about volatility, about liquidity in the markets, and whether he thought the worst was over. have a listen. >> altogether, they generated one billion swiss franc of profit this quarter. that is a big number. i do not think we will get worse cond

there is on demand streaming in is pandora-like radio and unbelieve social features.se as we say, social-plus music equals fun. and that's a big part of what has been missing. kennedy: google buys that for a ton money. i there room in the marketplace for another streaming service. you have spotify, i heart radio, apple. >> i came out of retirement because i think this company has up a unique approach to it. it was built with the idea that social and streaming were going to play equal parts. you can stream your music and demand. you can send your 8 favorite congresses to your friend. they can send them back to you. you can send video with it. pictures. >> the fee is so low and you are paying licensing fees for their music, either you aren't going to make any money or the artists aren't going to make any money. >> because we are the on public streaming company, we'll be transparent about that which the artists and record companies i presume would like. our economics aren't that's different than the other players in the space. but because our model is different we'll be

going in the other direction, we are watching pandora.ing the company's management to explore a sale saying the company has not been able to boost returns for shareholders even though it has a great product. the investor also disclosed about a 10% stake in the shares and derivatives. the shares are up by 6%. going back in the down direction, red robin torme burgers, worst one-day decline in about nine months. the company cut its revenue forecast and scaled-back expansion plan saying revenue will only grow 8% this year but before it was a 9.5% forecast because it has been struggling from competition. the shares are down 15%. not sure what was going on with united rentals today but there is a note out from citigroup on the company saying it's viewed as a positive risk reward because of strong free cash flow and expected multiple expansion because of improved rental rates next year and that the rental equipment industry broadly is positive right now. demand growth last month outpaced supply for the first time over the past 15 months. i found

they're encouraging pandora to sell.your music platform instead of trying to reevent your business, over the last 52 weeks, it's down. stuart: nicole, thank you very much. let's wrap up our market coverage for now. the dow is down 70 points and price of oil around $47 a barrel. many people in the republican party are indeed uniting around donald trump. the governor of wisconsin used to support ted crews and now donald trump. why support trump? because he's the inevitable candidate? >> we look at three supreme court judges, even though we look at a possible eight years much donald trump presidency, and we look into building national defense so our enemies fear us and allies trust us again. securing the border. you can't have a safe nation without a safe border. those are the things that are attracting them to donald trump. this will be through the supreme court appointments and district court appointments. u.s. attorney points. this president will have an opportunity to have the courts for the next 50, 75 years and that's

tidal,e spotify, pandora, rap city, and once people have not heard of.or less the same thing, a huge library of songs on-demand. how do you stand out in the market is? one of the reasons why this apple music project has struggled is that it would seem apple would have an advantage on everyone else. coming up on the one-year anniversary coming up on music. they have a conference coming up in june. they are going to lay it all out? lucas: that will be the debut of the new apple music. carol: hopefully improved? lucas: maybe they will bring out some more stars. they had drake who had his album exclusively on apple that went number one. they thought there were going to get all of these exclusives. taken a lotdal have of the artists. beyonce wasas -- exquisitely on tidal. reply aresmart options that could presented if you are using google inbox, they are prewritten replies for e-mails. understanding, when someone e-mails me about a dinner, there is the option to put on the calendar. david: the same technology scanning your females -- your e-mails is suggestin