>> i use pandora. david: i use pandora too! >> and i have apple music, but you know, i don't know. david: it's not that expensive. it's like 4 or 5 bucks. >> i paid to get rid of the ads. you know? david: let's bring in stephen guilfoyle. we loved you so much, we brought you back. bottom line, we're used to seeing the recovery following the next day, by another sell-off. any inclination that might happen tomorrow? >> i hope you're wrong because i'm not long. i have a feeling you might be onto something there. we used to call buy the dip, buy the f-dip. people are saying sell the pop. let's see if the rally is sold into overnight. >> the way you phrase that, doesn't that indicate to that you maybe this is a bear market we're in right now? >> well, the thought has crossed my mind. as you know because you speak to me often, i'm pretty famous for buying dips, dangerous dips and getting away with it. last night i took a pass on that dip. i'm still not long so i made out, but not like i would if i bought the dip. they put it in the back of my mind. you know what i did last night? i bough

it has not been kind to pandora. can we make a comparison? >> you can.hey have struggled, but profitability is and always exactly what is needed. take dropbox for example. the stocks up almost 40%. so even though they don't have profitability right away, i don't think you'll see spotify go the by the pandora. >> icing 23 through 24 billion valuation that the the exciting part today. we will see what the market dictates first for spotify. thank you so much. >> absolutely. thanks for having me. april not getting off to a rosy street on wall street. >> saturday was close to 60. lauren: the unwelcome snow. adam klotz here with what we can expect today. you might want to check your freezer. thousands of pounds of raw beef being recalled. we'll tell you what you need to know. how the stock market futures are shaping up on this tuesday morning. dow futures at 39 points. s&p of nine, nasdaq 26. ♪ cheryl: well come a day after the northeast is had by likely fast-moving storm, snow expected today from the northern plains into the great lakes. tranthree meteorologi

pandora winning the lead for monthly users, not paid users. people spend more time on spotify listening to music. the process of a direct listing is unique like you mentioned at the beginning, and if anything a lot of the big institutional banks aren't too happy about the process because this is a situation where you can see, if the direct listing works why, won't other tech companies do that? so if it goes well, we could see more follow suit and that's not good news for banks when they earn the hefty bank fees. back to you. liz: yeah, and nobody better look at my spotify play list, it's a mix of the eagles and jesus christ super star. >> i won't ask to share it with you. won't ask to see it. liz: she is my sister from another mother. a canadian, my parents are canadian. welcome to the team. >> yes, thank you for calling that out. i'm proud to be here, excited to work with you guys. liz: we love it. thank you so much. welcome. session highs, up 338 points. that's right now. you got to be here for that. you've got to believe that the spotify ip

explain how spotify is worth $30 bill pandora is worth only $1 billion. there's not that much of a different. >> spotify does have size of scale. c'mon, they are absolutely huge in this space. i'm not saying that i want to buy spotify, but they have the size of the scale. >> about a billion this revenue versus $400 mill. >> at this late stage of a bull market rally, do you really need something this speculative you can do it with facebook, any number of names, some of which are profitable why this name? it's speculative >> pandora >> no, but i want to extent what jon was saying go back to last friday that dropbox became public, it was an ugly day in the parks, but we looked at that as a positive sign, one green light on the dashboard. this ipo or direct listing is not that's no new money in the market this is interesting, in a unique sideshow way. >> just converting to a public market valuation for all intents and purposes. >> yeah. >> you have no interest in this action you usually are all over these things. >> i'm interested. but it should be a good dri

pandora media getting hit ever so slightly almost 3%. back to you.: it's a great concept to rent your music. i still remember, i still have in boxes by the way, way up in storage in new hampshire a whole lot of opera cds that will never get heard now thanks to spotify. kristina. thanks very much. we'll be back with more with a market up 200. important goals , is how edward jones makes sense of investing. . . . trish: apparently, tomorrow is national hug a news anchor day. it used to be hug a newsman day. but now it's news anchor day. i'm getting the best hug of all. this is elizabeth who came to visit and said she could give me a nice big hug so i wouldn't be without one tomorrow. i love you. >> love you, too. trish: liz, sending it your way. the market is going to end higher or lower? >> hug! >> wall street barking up the rebound tree as spot sits up. markets rallying after the worst start to the second quarter in decades. look at the dow in the past couple of seconds, we jumped about 75 points. we are now higher by 213 for the dow, the s&p better b

amazon, pandora and google are strong. apple music is fierce.e will tell whether they are able to sustain the competition but we will be looking at the metrics of the quarter report. overvalued? still was it overvalued? chad: it depends on what slice of the tech market we are talking about. these outer into that are trading based on subscriber growth. ism not saying that spotify entity, butmate that is where you get into trouble if you are a long only retail investor. if you are a hedge fund, go for it. david: trading versus investing. thank you so much, chad morganlander of washington crossing advisors and prabhat agarwal. coming up, reshaping ge. company begins the process of shedding off different businesses. we explore that next in wall street beat. you can listen to tom keene and jonathan ferro. bloomberg surveillance can be heard in new york, boston, the bay area, washington, d.c. and all across the united states of america on sirius xm satellite radio. ♪ kailey: this is bloomberg daybreak. coming up in the next hour, mike holland, holland

tomorrow where do things stand in the streaming music battle between spotify and amazon music and pandora have more on the fundamentals of this company. take it away >> when it comes to the number of subscribers, spotify is the clear leader it is facing growing competition which is a risk factor when they start trading home spotify has 157 monthly active listeners, 71 million of them are paying subscribers that is nearly the double to apple music which announced they have 38 million subscribers and eight million trials pandora comes in last. we have 5.5 million paid subscribers. in the guidance released, spotify projected they will grow subscribers to $96 million subscribers this year. but apple music is growing fast. adding the latest two million subscribers in about a month noting that half the a billion people visit the app store weekly so there is plenty of growth potential and apple has the advantage of integration with i phones and the home pod now even though pandora's down, the stock is off about 60% over the past year. it's not out just yet. the company acquired an audio ad techn

will the good times roll on or are they heading for the same fate as pandora.ng us, john egbert. great to have you with us. your projections are pretty rosy compared to what they reported at the end of 2017 basically, you're saying roughly a doubling of monthly active users as well as paid subscribers by 2021. help me understand how you get there and whether spotify will have to sacrifice things like operating margin and spend more on content costs in order to hit those numbers. >> yeah, i think the momentum is there, and the subscriber side they're adding subscribers across all four key regions. doing a little over $20 million a year, which is about where netflix has been adding subscribers for years. they're not going to do it at the expense of content cost because they negotiated better rates for 2017 and 2018. >> your projections are through 2021 so can they keep up? if they hit that gross margin that the operating margin, i should say, in 2018, which is, what, between 23% and 25%, can they continue to do that can they continue to keep those margins while t

los ataques han sido coordinados con fuerzas del reino unido y de francia, lo que abre una caja de pandora,000. el dueÑo de la casa dijo que se quemÓ y la vivienda estÁ casi imposible.llegamos al final. lo esperamos con mÁs informaciÓn a las 11:00 p.m.

pandora's currently down about 60% from a 62-week high. with the rattle of spotify, would be smart to increase my position in pandora? >> no, no. increase your position in spotify. i can't believe it came this cheap, but they didn't do a traditional pop ipo. let's go to bill >> caller: i need your help crteo. the shares that tanked, they got creamed in december. they reported well, fourth quarter 2017, but the stock is still at 26 and change >> you don't need that stock there are so many other stocks that are doing well. that's not one you need. i spot, ha, ha, a real winner, spotify, its growth is real music to my ears you have my blessing to get in on this newly-public traded to the. >>> ollie's bargain outlet is up 75%. is it time to buy? who says this isn't the most interactive show on it television after my take down a few weeks ago, pennsylvania real estate trust is here to tell its side of the story rapid fire, tonight's edition of the lightning round. so stick with cramer >>> what han outlet stock ollie's seemed to be unstoppable b

pandora comes in last. we have 5.5 million paid subscribers.ance released, spotify projected they will grow subscribers to $96 million subscribers this year. >> spotify doesn't have to outperform we're at the early days of the music streaming revolution it doesn't have to be one winner take off >> apple muse sick growing fast. adding 2 million subscribers in about a month noting that half the a billion people visit the app store weekly and it is integrated into iphones in the home pod. while pandora shares are down over 60% in the past year, it's not out just yet it's subscription tier is just a year old and launched on the web in february. then, of course, there is google which introduced an all access on demand subscription service in 2013. and amazon introduced the music service. despite rivals deep pockets, spotify scored a big score this weekend. taylor swift shot a video for her new song delicate, just for spotify. this is quite a turn around since swift's boycott of spotify four years ago most of artists reservations about the service ha

libro que publicarÁ comey y la audiencia que tendrÁn su abogado michael cohen y la caja de pa o pandorastapar >> ha sido un fin de semana de triunfo para el presidente trump su principal victoria el ataque a siria con ayuda internacional con francia e inglaterra pero ahora son dos temas los que tocan la puerta de la casa blanca. esperando la audiencia que le toca a su abogado personal michael donde. >> suman una posiciÓn extremadamente dura por los fiscales de sospechar que no solamente ha habido un acto criminal si no mÚltiples actos criminales. >> desde confiscaron varios documentos de cohen, una lÍnea de investigaciÓn que corre paralela sobre la interferencia rusa a las elecciones del 2016. >> otra preocupaciÓn para el ejecutivo serÁ la publicaciÓn del libro del ex director del fbi james comey a quiÉn no le ha tiembla el pulso para desacreditarlo. >> para ver cuÁles son los chismes que hay ahÍ adentro. >> en una lluvia de tweet trump arremetiÓ contra comey diciendo que nunca le pidiÓ lealtad y sus revelaciones son falsas dicen que muestra el aprendizaje a trabajar con 3 presidente con

. >> and emmanuel macron tells he warned that killing the iran nuclear deal would open pandora's box. >> good morning, everyone. it's thursday, april 26th. we begin with president trump's long time personal lawyer michael cohen. he now says that he will exercise his 5th amendment right in the self-incrimination civil case brought forward by stormy daniels. she's suing cohen for defamation for sug jeszing that she lied about an affair with the president back in 2006 while also saying her nondisclosure agreement is not valid because the president never signed it. in cohen's decision to remain silent he cited the ongoing criminal investigation by the fbi and federal prosecutors in new york. daniels' attorney has reacted. >> this is the personal attorney to the president of the united states for at least the last ten to 12 years. that same individual that the president pointed you, other members of the media and the american people to for answers is now refusing to provide those answers and claiming that he can't answer the questions because the answers will imkrim na -- incriminate him.

. >> so i am more of a -- currently more of a pandora person. more only because i'm lazy. >> live from london, thank you. >>> coming up, axios' mike allen has a look at this morning's one big thing and on morning joe, president trump no longer a target in the mueller probe? more on her new report that the special counsel's efforts to entice the president into an interview and the potential trap he may face. >> and the war between u.s. and china as beijing launches its counterpunch on american goods, "morning joe" just moments away. whether it's a big thing, small thing, or something unexpected, pnc will be right there when you need us. because when it comes to your finances, if you focus on today, tomorrow has a way of working itself out. if you focus on today, here's the story of green mountain coffee roasters sumatra reserve. let's go to sumatra. the coffee here is amazing. because the volcanic soil is amazing. so we give farmers like win more plants. to grow more delicious coffee. which helps provide for win's family. all, for a smoother tast

percent of twenty sixteen within that sector a new nice limited tear paid subscriptions sussed such as pandora plus are growing quickly and now account for fourteen percent of subscription service revenues. the new calorie counts in the u.s. are expanding to include alcoholic drinks starting in may the u.s. food and drug administration require approximately twenty different restaurant chains to list how many calories are in your favorite beer or cocktail plus health researchers and advocates say knowing that number could influence consumers to drink fewer calories and therefore less alcohol the f.d.a. had previously demure it on covering alcoholic drinks in their menu listing rule in two thousand and eleven but reversed course and twenty fourteen in response to public comments in favor of lifting those calorie counts as well. china is known for its censorship and we've reported that the government as even prevented the name president z and the phrase i disagree from social media in the country well now china seeks to impact what is being said about it and the chinese leaders around the world t

thinking about a bigger iran deal and he did warn him, if he kills the deal now, he'll be opening pandora's box and could lead to war with iran. >> andrea mitchell at the state department, thank you. >>> to an nbc news exclusive, meek mill, the philadelphia rapper whose case is a symbol for criminal justice reform is speaking to us in his first television interview since walking free from a pennsylvania prison on bail last evening. talking about the support he's gotten and how he hopes to pay it forward. it was a sudden and celebrated release from a pennsylvania prison. >> i feel great. >> reporter: have you slept since you got out of prison? >> i haven't slept one minute since i've been out of prison. it's actually like a culture shock coming from a small cell back into the real world. i think my body has to adjust at this point. >> reporter: meek mill who we joined as he soared to freedom aboard a helicopter with 76ers owner and friend michael ruben on his way to last night's play-off game where he rang the pregame bell. this afternoon, mill sitting down with me exclusively for an upcomin

trump'sorld, in his personal life, his business life and also on theamign in some bays so it's a huge pandora's box for this white house. robert: it's been confirmed, phil, he's under criminal investigation. >> h is and a big challenge, i think for trump's team is they don't know where in investigation is going. they don't know what was seized those raids. they don't nope what information the f.b.i. and robert muelr may have about robert cohen. there's concern in trump's orbit. colleague at the post reported this yesterday, that they mail seized take place. that cohen would record a lot of his conversations. they don't know what kind of informations in those take place so there's a heightened ense of almost alarm about where this is all going. robert: what about attorney-clients privilege? the blt isaying this violates that. >> it's unclear what kind ofat communns they had. presumably if cohen were giving trump legal advice, then attorney-client. privilege would be there. at if he was just giving him advice on the campaign? we're told that the president is more concerned about this michael kolb

and while pandora shares are down almost 60% over the past year, it's not out just yet. the subscription tier is a year old and only launched on the web in february. music.here is amazon the company saying today they had tens of millions of paid subscribers,oubling the subscription in the last six months. and that's not all. google play music has been around for about five years with no official subscriber count. despite the rivals deep pockets, potify scored a big win this weekend. taylor shift shot a video for r new video just for spotify. a total turn around from swift's boycott of otify four yea ago. most artist reservations about the platform have been addreshod. it also how video can be the next battlegthund for all music streaming companies. >>> shares of biotechft fell the fda rejected the company's drug application and that's where w begintonight's market focus. the agency rejected the experimental depression drug saying there wasn't enough clinical data proferring the treaent's effectiveness. the fda said more tests are needed beforemy alcan reapply. alchemy sa

oh yeah, i mean, look, this is going to be a pandora's box situation, where you're going to continuesee more data come out. i think we'll see more of that next week. so i think it's the tip of the iceberg. but right now it's about trying to calm users, regulators and advertisers, to make sure this won't happen again, and try to make sure the business model stays intact. that's the key. there's going to be some regulation, and now they really need to make sure that this doesn't start a broader chapter that changes the business model of facebook going forward. let's take a look at some of the other stories making the news: president trump is ordering national guard troops to the border with mexico, to protect it, he says, until his promised wall is built. presidents george w bush and barack 0bama both did the same in their time in office. mr trump has long been keen on a physical barrier along america's southern border. in brazil, supporters and opponents of the former president luiz inacio lula da silva have been protesting, both sides warning of a threat to democracy if a supreme cou

pandora stands at 1.2 billion nearly seven years after that company went billion. >>> pay attention whileriving that is the message for the kickoff campaign awareness this month. reminding people about the importance of paying attention behind the wheel. >> plead with the parents. be an example, turn offer your phone. you do not want to live how we feel. >> it has been ten years since california passed a law requiring people to use hands free. >>> sliding and slamming. that is what happened to a car in hay ward. and ended up in a house and not the garage. find out why the homeowners didn't realize what had happened. >> looking live over the youtube campus. live update on what happened next. >>> good evening, again, we are going to continue our coverage of today's tragic incident at youtube's san bruno headquarters. listen as they find the mortally wounded suspect. >> identified a female in a white shirt and that is the one we have down. >> confirming she is the subject? >> affirm that is what we have been told. hand gun about 20 feet. >> the suspect died from an apparently self-inflicted

yes, look, this is going to be a pandora's box situation where you are going to continue to see morei think we will see more of that next week. so i think thatis more of that next week. so i think that is the tip of the iceberg. but right now it is about trying to calm users, regulators and advertisers to make sure this won't happen again, and try to make sure the business model stays intact. that is the key. there is going to be some regulation, and now they really need to make sure that this doesn't start a broader chapter which changes business model of facebook going forward. let's take a look at some of the other stories making the news: president trump is ordering troops to the border with mexico. the deployment comes a day after he floated the idea as a way to protect the border until his promised wall is built. mr trump has long advocated for a physical barrier along america's border with its southern neighbour, to block illegal immigrants and the flow of drugs. in brazil, supporters and opponents of the former brazilian president luiz inacio lula da silva have been protestin

international law concerning chemical weapons how far can we go this is a pandemonium that the box of pandora has been opened once again and once again the west shows that it is above international law and as we've said just as they say this is what members of nato have already done in x. yugoslavia in kosovo in libya in afghanistan and with which results none of these countries today have i would say western type democracy there are and are unfortunately plagued with radical islam all these countries from playing with radical islam and it just shows that if any country has a lot of problems and not many can wish for so this means that international laws and international agreements and the un charter no longer stands for anything yeah and the public opinion doesn't seem to share either it seems for mr mccrone or to raise a million either had to take it to parliament they still went ahead with it but it seems certainly in britain at least according to the polls that the majority of the public were not for going in as she did at the weekend i think it's pretty similar in france as well don't t

making pandora stands at 1.2 billion nearly seven years after that company went billion. >>> pay attentionhat is the message for the kickoff campaign awareness this month. reminding people about the importance of paying attention behind the wheel. >> plead with the parents. be an example, turn offer your phone. you do not want to live how we feel. >> it has been ten years since california passed a law requiring people to use hands free. >>> sliding and slamming. that is what happened to a car in hay ward. and ended up in a house and not the garage. find out why the homeowners didn't realize what had happened. >> looking live over the youtube campus. live update on what happened next. >>> good evening, again, we are going to continue our coverage of today's tragic incident at youtube's san bruno headquarters. listen as they find the mortally wounded suspect. >> identified a female in a white shirt and that is the one we have down. >> confirming she is the subject? >> affirm that is what we have been told. hand gun about 20 feet. >> the suspect died from an apparently self-inflicted gun shot

countermeasures should someone else use it or just to be ability to deal with it in case it gets out of pandora's box i just want a lightning round in the sixty seconds we have left in ten years time i will we have killer i want. someone's going to build them someone will care about international humanitarian law whether it's terrorists or right you know rogue acting like or charlotte sobs terrorizing civilians like someone will become a stand sometimes when we do it right now ok when we have them. we're probably to somebody well probably built them but i would really wish that we have some sort of robust international legal framework or some sort of norm established that they use ok for the whole actions of. wrestling with this ethical conversation make up fairy rashid's here says she doesn't think there's a willingness by governments to ban the use of ai robots and it would be the equivalent of governments turning in their guns and promoting world peace thanks for watching the stream you'll find plenty come myself online that i still see the next time. i. people. see. documentaries that open yo

. >> it is a pandora's box and heard to put a lid on it. particularly the situation that is unfolding now. it is daylight there now. and we'll see how the response. we know they are cheering in the streets because of the limited strikes tonight. we'll be back with more developments. you won't see these folks at the post office they have businesses to run they have passions to pursue how do they avoid trips to the post office? stamps.com mail letters ship packages all the amazing services of the post office right on your computer get a 4 week trial plus $100 in extras including postage and a digital scale go to stamps.com/tv and never go to the post office again >> welcome back to our continuing coverage. joining me is congressman garramendi. congressman you were briefed by secretary mattis on the chemical weapons attack there in syria that led to the air strike this evening. can you walk us through the process. we are not in the meeting. >> it was a public meeting. secretary mattis and chief of staff, they were both testifying and the issue

underperforming pandora, serious today.about the direct listing and the volatility we see in the shares? do you feel this direct listing was the best way to go rather than a public offering? >> i think it's a really to really draw any firm conclusions about that. it's clear that the company may be decision to do a direct listing because there was little point in having the cost of an underwriter to raise capital or sell secondary shares when there and eitherrest raising capital are selling secondaries in a more conventional matter. i think the downside is that you don't have the kind of investment banking methodology propping up the share price a few days after the listing, and i think that was a part of the expectations with them, including us, that there would be and will probably be some volatility going forward until the market has fully understood the qualities of the company and may be seen in another quarterly report so they have their business and great order. caroline: what about you going forward? this is i unders

and then pandora comes in last with 5.5 million subscribers apple music is growing fast.ubscribers in about a month and is on the verge of taking over the number one spot in the u.s. according to "the wall street journal. while apple music is losing key visionary jimmy ivine, it's growing. and even though pandora is down, the stock is down 60% over the past year, it's not out just yet. the company just acquired an audio ad technology platform prompting one analyst to upgrade the stock. now apple may have the deepest pockets in the race, spotify did score another big win against its rivals over the weekend ahead of the ipo taylor swiftintroduced her latest video spotify said it will have 95 million paying subscribers back to you. >> thank you for that. great to see you. >>> separately, life as a public company will bring new challenges for spotify they're challenges that one early adviser believes they can deal with. david rain helped spotify secure its first worldwide music rights did you think we were going get to this moment in the early days >> yes, i did. i've always

. >> maria: is pandora not even up there in terms of the top? i've got to switch. i've got to go to spotify. >> dagen: spotify has 71 million paid users, has paid out $10 billion in royalties. >> there's 150 million users including the free service. there's so much content, you can find anything. >> maria: spotify over pandora. >> i think so. you're new. >> dagen: apple's not bad. i want to ask you what do you think that apple could do that would really give spotify a run for its money in terms of just how it pushes content at the users? >> there's a long answer to that. but they've tried certain things with using leveraging their hardware and they actually inserted a record into every iphone that you bought at one point. that didn't go over well with people. they said we don't want you pushing music. >> dagen: it was the u2 album wasn't it? .>> it was. they're looking to bring more eye balls to their service. >> maria: congratulations to jesus christ superstar. also, the new york times reported live nation is facing allegations of pressuring ar

space, but there is growing competition when you look at apple, apple music, amazon and google and pandorae different players, how concerned are you u about competition? >> it's important that also apple for instance, they are very strong in their device ecosystem, but weak outside of it it's been a part of the outset to be pervasive and working all kind of devices. with the apple's global market share up about 20%, that limited their reach. if you look at the other competitors, amazon is very, very strong, also in the u.s., but much weaker elsewhere. so i think spotify has the benefit of being more do b abl and also working across devices in a way that none other does. >> this was a big part of our debate yesterday what's the path they reach what is the right move u >> i think the model has been fine tuned for several years now. the idea is that when new music comes on board, a likelihood of that and then over time convert tog a paid user, that's a very, very predictable path and people in the growth team work diligently on having that further. >> so someone's on board and they can tell q

. >> sabemos que estamos abriendo una caja de pandora y estamos preparados para lo que viene las consecuenciaso robo, vandalismo, conducta desordenada, violaciÓn de la propiedad, acoso, comportamiento criminal, apuestas, posesiÓn de drogas y amenazas. >> uno de los que menos que estÁ ahÍ es amenazas. cruz se pasaba diciendo que iba a matar gente en las escuelas y no hacÍan nada. teresa: 14 instancias gubernamentales del orden entre las que destacan el distrito escolar, las oficinas del juez, el fiscal y el defensor pÚblico firmaron este acuerdo. tambiÉn la oficina del sheriff, el departamento de justicia juvenil, entre otros. >> de saber que este convenio existÍa, ustedes hubiesen mandado a su hijo a esa escuela? >> todo lo hubiese mandado a estudiar a la casa. le hubiese pagado a un profesor que vaya todos los dÍas a la casa como un tutor y no lo enviÓ a la escuela. teresa: en su opiniÓn quiÉn de la culpa de todo esto que sucediÓ? >> las autoridades. el sheriff del condado brauer y muchos otros. estuvieron de acuerdo en poner a niÑos en los con niÑos enfermos mentales. teresa: tambiÉn el abog

to these curated experiences they are providing the other players like apple, amazon and google, pandorant types of experiences to consumers i definitely don't think it's kind of a one size fits all. i think there's room for everybody. i think the good news is as more and more companies have jumped into this, we have seen the music industry again really rise up, thanks to all of these companies being in the game, and then really, the introduction of smart speakers, something we have let in. >> as far as the percentage of subs who pay, 45% at year end were paying subs, they still have a very large ad supported tier that's up from 39 in the year earlier. how much can that high get, do you think? >> trying to find the right point, this is something the industry has been working on what's the right point to be able to get all those people to move to a paying subscription is a really important thing that i think the industry will figure out over the next few years as we go through it i think ultimately, we can get most of those people paying. there will always be some advertising based busine

little bit at the end of trade, but we were off by 2%, underperforming the market, underperforming pandorarius today. what about the direct listing and the volatility we see in the shares? do you feel the direct listing was the best way to go, rather than an ipo? p.j.: i think it's a bit early to really draw any firm conclusions about that. it's clear that the company made the decision to do a direct listing because there was very little point in having the cost of an underwriter to raise capital or to sell secondary shares where there was no interest in raising capital, nor selling secondaries in a more conventional manner. the downside is obviously that you don't have the kind of investment banking methodology or propping up the share price a few days after the listing. i think that was part of the expectation with many, including us, that there would be and probably will be some volatility going forward, until the market has fully understood the quality of the company and maybe seen another quarterly report or so, that they have their business in great order. caroline: what about you go

you watch pandora, spotify, anybody in the music space competing with them. the higher prime go, the higher these go >>> a big call on the retail giant. the stock's down almost 17% in three months this analyst says it's time to buy. the call of the day is next. >>> plus, apple suppliers in disarray this elite subsector is getting slammed today. we'll debate stocks like semi. amd and more "the halftime report" with scott wapner is back in two minutes. one second. barely enough time for this man to take a bite of turkey. but for cyber criminals it's plenty of time to launch thousands of attacks. luckily security analysts and watson are on his side. spotting threats faster and protecting his data with the most securely encrypted main frame in the world. it's a smart way to eat lunch in peace. sweet, oblivious peace. right to cnbc david faber who has breaks news for us we're talking some allergan, i understand >> yeah, allergan and cirrus, we've been following shares closely today. this after earlier in the day, a bid was rejected by shire. in the uk takeover law

political campaigns, so if you're giving money to the nra this opens up a pandora's box, doesn't it?> it does. it really does. but you have to think about it. if russia is really trying to influence the election process and influence our democracy, they're going to try every avenue. and if you think about it, i think back to the george w. bush years and how people were so afraid that the nra would have its own office in the w white house. the nra is a major player in the republican party. so why not. if they're trying to get in. go to the other players. it makes sense in an odd kind of way. >> i mean, frank, here's the thing. sarah's talking about a conservative activist reaching out on behalf of torsion. said his goal was to cultivate a back channel to the crekremlin. that's something we've heard from other players. this whole back channel concept and this activist added putin is deadly serious about building a good relationship with mr. trump. >> right. now they don't get the sideline meeting with trump himself. they get it from the kind of major activist of the nfamily. >> yes, an

but what he did do is open up a pandora's box.e had doy and fbi people who are all exposed that moourl is making against minor figures predicated that hillary was going to win. but now the thinger is out of the dike and you are going to see a lot of exposure. >> i don't think you can call general flynn or paul manafort minor figures in the trump campaign. and the accusations against them are serious and should be taken serious. >> i don't think that -- >> this points directly to the president but they did some bad things. >> laura: i got that point, chris. victor? your response? >> i don't think you found any collusion which was the mandate of the special council with manafort or flynn and i think flynn's confession was based on a text that was probably gained from a fisa court improperly and the investigators who talked to him said he probably did not contradict the text. >> i don't want to get -- manafort is not really a part of this memo tonight. but we can talk about him for a long time. ari, the more that you marinate in this

cohen has really opened pandora's box, he is -- there are a host of issues that he has now raised, includingnkly the fact that in connection with the matter for which ms. daniels is showing up in court, that there was no contract. you know, the president was on air force one the other day and when asked by a reporter in connection with this controversy, whether he knew about that payment, he said no. his lack of knowledge of this arrangement with ms. daniels suggests that there was in fact no contract, no binding relationship between them. so, you know, i frankly think that mr. cohen has stumbled into a real thicket here from which it's going to be hard for him to escape. but, look, the contractual issue is minor compared to the fact that he now has the united states attorney in the southern district of new york undertaking a serious and aggressive criminal investigation of his activities. where that will lead, who knows? but if i were he or his one client, i would be very concerned and i wouldn't be spending much time worrying about james comey's book tour. >> i wonder also, given that this

the company has low gross margins and operating loss and faces competition from apple music, pandora, google and amazon. that stock down a bit this morning, spotify. >>> consumer confidence is at its highest level in 14 years. not everybody is equally happy. americans younger than 35 are less optimistic did the economy than baby boomers. it is the first time that has happened in 60 years that they have tracked consumer confidence. the sentiment may be justified because millennials have more student loan debt than any previous generation. they also face higher housing prices than their parents did. but bank of america researchers say nearly half of the millennials with jobs have at least $15,000 in savings. 16% have more than $100,000 that they can tap into. >>> well, it will be a star- studded line-up in san francisco for the outside lands music festival. ♪[music] >> you know her, right? janet jackson. miss jackson, right? the weekend, florence and the machine, and carly rae jepsen. the event takes place august 10th to the 12th at golden gate park. tickets go on sale tomorrow at 10:00

. >> and emmanuel macron tells he warned that killing the iran nuclear deal would open pandora's box.'s thursday, april

you think earnings season is slowing down not quite, mcdonald's, merck, snap, clorox, tesla, cbs, pandoraa, and berkshire will close out the week. >> i'm going to be giving scrutiny to snap twitter was able to come out with a strong quarter. they were in the social media doghouse for a long time you expect snap to be able to come up with something >> i think it's worth noting all the major averages are poised to end the week lower, but still positive for the month of april. >> yes, with one session left on monday we'll be watching that closely dow down 70, of course, and we'll keep our eye on the white house today. that press conference between the president and merkel around 1:50 p.m let's get over to melissa and the half >>> welcome in to "the halftime report." we start off with amazon the stock up big today after last night's earnings report, which was so strong, it took some of the biggest bulls on the street by surprise with us for the hour today, josh brown, stephanie link, jon najarian, and jj we had every single analyst on amazon, steph, surprised by the upside and the magnitude o

>> he opened up a legal pando pandora's box.es his lawyers probably told him this is something we're not going to talk about because if you make a comment, you're falling into the trap of having to have your deposition taken. and that's exactly what is going to happen now. because when he says, well, why don't you just ask my lawyer about it, talk to michael cohen about it, i mean, not only is cohen under the because, he's being dragged along the interstate. so from the standpoint of the marital relationship and the standpoint of the pending litigation, the standpoint of his stature as president and the role in the world community, that one word, no, i didn't know nothing about it, has opened up an enormous number of avenues in terms of legal actions. >> well, richard, listen to how stormy daniel's attorney says the president's comments did indeed help their case. >> it's like christmas and hanukkah all rolled into one. you can't have an agreement if one party claims they knew nothing about one of the principal terms of the agre