you see pandora down. you see groupon lower. you see all these social media stocks except linkedin from the bottom left to the top right. means that people are always jumping to get long in this on a pullback. it seems like they're also taking people away from twitter. they are taking users from twitter. the linkedin platform in the mobile technology is really working well. year-over-year they doubled the amount of people that are going to be mobile space. > thank you andrew. > > thank you. that's it for now. coming up tomorrow, a fascinating glimpse into the first start-ups in silcon valley, and the surpsing ways the area as not changed since the '50s. from all of us at first business, have a good monday!

producingers, you know, stop fighting change, all right, and, you know, at the end of the day, if pandora gets back downin, most likely. >> got it. valuation call and pandora up since its ipo which was in 2011. >>> next, the diet i can drink to. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus.

if we are going down this pandora box path the city is about to send out about 15,000 letters in all of these units are going to start coming up and the question is do you want to reopen cfcs? because, historically this board never wants to go down the path of saying a cfc somehow can be mode identify. >>vy one question. so, you said how many notifications were going to be sent out? >> the city basically is about to do and going to send out since the story count on buildings when they were permitted prior to 85, counted stories the wi that the french do. >> so i understand the story. >> two story buildings and above could potentially be a three story building, so they are going to sented out a letter to every two-story building build prior to 78 that has five units or more. >> but this is a single family. >> this is going to be exempt under the current pass through that does not mean that you have to do the work. it just means that the city is not going to put a gun to your head in the first group. i have had clients that i am retrofitting buildings right now and we have tried to go

pandora, meantime, down sharply after the company says it plans to cap the availability of free music where the pope is now boarding a helicopter, which despite his honorary pilot's license, he will not pilot himself. let's take a look. let's just listen to this. and with that, after eight years, formal cardinal joseph rat ratzinger retires as pop. as we continue to see what the conclave will do as we search for his successor as the entire world watches what is happening with him. >>> got some breaking news out of the new york fed. a hard right turn here to steve liesman. >> why does this always happen to me, carl? >> hard to follow the pope, my man. >> exactly. let me do my best. the new york fed reporting that total consumer indebtedness rising a scant 3% to 11.3 trillion. housing debt was flat. it was a small gain but the first gain we've seen since the first quarter of 2011, that was thought to be a bit of a statistical anomaly. so maybe this is the first real gain. let me show you what rose. auto loans up 15 billion. credit cards up 5 billion. the perennial student loans up 10 bi

the pandora stock, today, down 5%. in the last few moments, accelerated a little bit. pana media, you think of interpret, radio, and the like. they battle the rising royalty rates, and as a result, they are making a call here, and had a conversation, the company says that it would cap the availability of free music on mobile devices. how much? well, 40 # -- hours a month to offset the rising costs for royalties that they in turn pay. just the fact you get free music at all is something of the past in itself, but they are going to cap that on mobile devices at 40 hours a month. back to you. >> thanks, nicole, see you in 15 minutes. all right. a group of former nasa executives shooting for the stars with the latest adventure hoping to be the first private enterprise to send a manned mission to the moon. joining us, this week's on the road, allen stern, president and ceo of golden spike. thank you for being with us, you went out on your own, private basically, and let people take rides to the moon. >> that's right, tracy. there's a team of us that are former nasa, aerospa

pandora. the stock is under pressure despite the fact it's had a nice run over the last three months, but, today, down 5%. don't forget that pandora pays some serious royalty fees, and those fees have been on the rise. in order to offset those costs that they have been facing, they've come up with a new idea, and that idea is they said they will introduce a 40-hour per month limit on free mobile listening, so, hey, if you're a pandora fan, hey, no more free muse -- music after 40 hours. that's what they are saying. they are paying accelerating rising costs for royalty fees, and, hey, the dow, coming off the highs, liz. back to you. liz: oh, my gosh. david asman will have a fit. he's a pan pandora fan, it's onl day and night. not after 40 hours, david. today, obviously, a significant day for equities, more significant earlier in the day just within spitting distance of hitting the all-time closing high for the dow, but right now, up about 21 points. the credit markets can be a key indicator for stocks and where they might go next. let's peer into that with the market pricing of fixed income assettings

down 4.6%. some friend, including grouponing with zynga, pandora, all lower. amazon, ebay, internet stocks recently hitting all-time highs, moving lower for the same reason, profit booking. >> thank you, seema. >>> rick santelli at his place at the cme, we have a sell off of equities. are they moving back into the fixed income arena or not? >> they seem to be a lot more interested in buying treasuries today than several sessions. about an equal amount of drop in the basis point verse ut settlement, about half a dozen. i like to look at closes. about one-week yield in the u.s. in germany. if you look at uk, guilt, you can see hovering around 208, it is lower. as the flight to safety seems to have gotten renewed as yields in spain and italy reflect economies. if you look at the etf for munis, also getting life as high tide and fixed income floating all boats. for an exchange quickly, the euro dollar or euro yen, we have come off. about friday this time, trading with 137 handle. 135 and last, tyler, it is all yours. >> rick, thank you very much. our power play is

key issue is the 1949 permit and the issue if you want to go down the path of messes with messing with cfcs, you are opening up a pandora's box of everyone else coming here and saying i don't like my cfc, i want to have two units or i want to with one unit. the policy of the building department as long as i have been practicing for 34 years is the cfc is a birth certificate to a building, thank you. >> questions? >> the work that you described i did not hear anything related to seismic issues. >> in the back of the building is all glass. so at the front floor, the first level, kind of want to be confusing, because historically that first level was called the basement and we counted stories differently up to 85. but the back of the building at the first level is all glass, you can ask the inspector it is all class and we need to add a one story frame but i am not commingling the kitchen with the frame. they are separate issues and i cannot file the permit because right now if i filed it they would reject the permit saying that you don't have three units you have one and correct the record and i would end up with a permit f

down a bit. the next first friday is tomorrow. >>> 6:41. pandorayou probably won't like. >> it's a date. the out of world offer for one couple who likes to travel. >> that's a road trip. >> the market opened about 10 minutes ago. let's check the early numbers on this thursday. we are green across the board. good news there. jason brooks coming along next to chat about that and much more. a large pod of more than 100 dolphins took over a new zealand is in the city >>> take a look. a large pod of more than 100 dolphins took over a new zealand harbor in wellington on the north island. dolphins put on a show as you can imagine. the spectacle caused traffic problems in the area as people pulled over to look. a lot of folks on the beach said, let's take a look at the dolphins. >> we have dolphins in the bay area. >> occasionally they sneak into the bay, not too often. >> i used to surf when i was out surfing i would see the dolphins would make me feel good because they scare the sharks away. [ laughter ] >> nice to humans, right? >> but it does scare you

before the break i said that pandora was up 36% since its ipo in 2011. in actual fact it was down down 36% since the 2011 ipo. meantime, sure. their economies might be struggling, but there is one thing italians and the great shaw know how to do and that's eat. the mediterranean diet can help prevent heart disease, high in fish, veggies, fruits and oil. people who followed the diet were 30% likely to develop heart disease than those who consumed a traditional low-fat diet. good news is what i say. thanks for watching "street signs." "closing bell" is next. >>> ready? >>> welcome to the "closing bell." i'm sue herera in for maria bartiromo here at the knowledge. we're higher, but don't forget it was in the final hour yesterday where we had that really big violent move down to the downside. so great to work with you, scotty. >> likewise, sue. never know what's going to happen over the next hour. i'm scott wapner in today for bill griffith. a rebound for the market, at least for now after yesterday's 200-point loss. investors like what they are hearing from ben bernanke today, that t

sold at a time so elite passengers are not bogged down and united has a new luggage service that takes your bags to the door. internet radio company pandoramiting the amount of free music users can access on mobile devices in a blog post. the founder of the company says starting this week users on mobile devices will be limited to only 40 hours of free service a month and after that users have to pay $36 a year fee. a spokesman says the move is likely only temporary and pandora is limiting the free streaming to users because the cost of music licenses is going up. >> kaepernick will team up with first lady and world class athletes to promote physical education. he led the 49ers to the super bowl after becoming the quarterback midway. kids need an average of 60 minutes of physical activity each day to be healthy but they spend seven or more hours a day in front of a screen. kaepernick will talk how physical education helps him and when he talks, kids will listen. >> a person's loss is another's gain and next at 6:30 the impact all the foreclosures in california are having on shopping for a home. >> outpouring of grief in santa cruz for two

going to change and pandora is getting hip with all of that making small incremental changes to try to bring in incremental revenue. there is two ways to look at it. the stock price is downrably to the news, when the news leaked on tuesday night. yesterday it was up. trading a little bit lower here. pandora shareholders are looking for important measures to deal, these important measures to deal with rising costs 6 acquiring new music. the cost of act choiring -- acquiring new music take up to 60% of revenues. this is good news or a win-win for pandora. shareholders and pandora users are scratching their head what will happen. tim westergren is a great music lover and great entrepreneur in the industry. saying the per track royalty rates have increased more than 25% over the last three years and are scheduled to increase an additional 6% over the next two years. but here's a catch here. the limit is, 40 hours per week. and that is, a small sliver of the affected user base. if nct they think only 2.6 million users will be impacted. the company has 65 million users overall. stifel nicolaus very happy billion this move reiterating a buy on pandora shares saying mobile liste