there's a elevator and those are above the height. >> how high are they permitted. >> the stair penthouse is up to 10 feet in this case maybe the architect can give you the dimensions. >> the concern is that the 4 height limit is from the center of the property line and the red dash lines articulated where the height limit. >> probably 61 feet with the height restrictions. >> thank you commissioner moore. >> the only thing one could ask to spend a little bit more to group the staircases in a manner they don't make the roof two massive and taller than the building as i understand the way height is measuresed how they appear how they are we have technical stairs to going come to ground floor but in between this statement is the art of design so i suggest the department send a little bit more time with the applicant to take care of the proper kind of rooftop expression and the facade that is a little bit more in keeping for a quiet background building because the building is so much turn around and indicates a transition which rightfully expresses discomfortable in the adjoining neighborhood

stephanie: bill ackman taking down a penthouse he just doesn't need. get bill ackman and bernie sanders in a room together. stephanie: that might be better than the vegas fight this weekend. bill: it might last longer, too. stephanie: let's get to business news. a bright spot in another a sluggish quarter. consumer spending rose by the most in over four months. the increase, 4/10 of 1%. economists are counting on household spending to get the economy growing this year. businesses hit roadblocks in the first three months. the world largest energy company posted its biggest earnings surprise in at least a decade. exxon mobil per-share profit was 41% higher -- put this in perspective -- than analysts estimates. because of lower crude prices and exxon pumped more oil than expected. meanwhile, conoco phillips lost a whopping 200 lane dollars in the first quarter -- $200 million in the first quarter but it still beat analyst estimates. and the parent company of comedy central by tom posted -- viacom posted quarterly earnings that beat estimates. sales fell b

that look likes a penthouse. tell us what is going on. >> it is a penthouse.up in sunny isles. in south florida, real estate involves names that convey style, fashion, performance like armani fendi and porsche. this right here is the new porsche designed tower. it's only halfway up from completion. but already it is practically sold out. and the wow factor includes far more than the dazzling ocean views. it's all about amenities. and one of a kinds, like the dezevator for your automobile. you drive in from the street you. get whisked right up to your multimillion-dollar condo. >> you don't have to have sweaty valets changing your seat position or air conditioning. and most importantly, you don't have to call for assistance to get yourself in and out of a building. it's what we wanted was a real home in the sky concept. >> on exclusive and ultra private fisher island, you can only get there by ten-minute ferry. once there you have flamingos, grass tennis courts and a golf course. it features 47 units selling from 7 to $35 million each. and all of these high-end

sro's it is a mattress fire or contained in the unit but everything keeping the exits clear and the penthouseonors and everything >> you'll those things are just as effective to give residents and worker. >> i'd like is they're all nerve in injunction with them in a common area or a berm or a living space it's effective in confining the affair to that area as far as but in those buildings you can have a for if the actinic or the lightwell those are not 13rir78d i want to address one thing regarding the earthquake if there's a major earthquake there's fires in addition in case that is more likely what will happen the domestic supply was effected so sprinkled will not be affected if we have allen a major earthquake but the colleague can say anything. >> having a non-domestic connection is more effective in the incident of an earthquake. >> are you talking about the water supply i don't know if that be the case but everything is going to shiek. >> one of the suggestions to reduce the costs maybe to limit the amount to 6 are less but you know this is still for you i'm not sorry you're not telling

. >>> and to the end of an era -- >> the penthouse is listed for 75$75 million. >>> then the hosz is in all his 80s glory. let's go inside. >> i'm in. >> now hollywood from the inside out, it's the insider together with yahoo. >>> forget the kardashians we're trying to keep up with bruce's baby girl kiley. but has the 17-year-old latest social media craze crossed a dangerous line? >> plus inside demi moore's $75 million central park penthouse, why it could be a historic may day for demi. >> her social media following 21 million followers strong. the minimogul has launched her first hair extension line and is reportedly dating a 25-year-old rapper.

what he is talking about maybe a $200 million penthouse.e nelson says he bought so much pot he is starting his own brand. willie's reserve. ♪ betty: more news on teva and mylan. scarlet: this has been speculated upon for a while. we have been reporting that the two were in discussion. teva looking to buy mylan for $82 a share in cash and stock. that would represent a 21% premium to the last close. this is a 50/50 cash offer stock. mylan said it had studied the possibility of a combination with teva and is committed to a standalone strategy. it was unusual for mylan to respond to report that teva was exploring the takeover offer. it wanted to be clear it was not interested in such an offer. teva proposing to by mylan for $82 a share for cash and stock. this deal can be completed by the end of the year of 2015. adding to its adjusted earnings per share approaching 30% by year three. it sees it as accretive to its own earnings. this proposal would not be subject to a financing condition. cash and stock offer to buy mylan for $82 a share. we wi

. >>> inside demi moore's amazing penthouse in the sky.g her plastic surgery struggled. >>> and then the most common mistake made under the knife. >>> and our little black dress style contest. i want to go outside. our friend matthew moore is going to sing for us. and tory has "deals & steals." all coming up on "gma" in times square. hi, guys. at jared, we have a lot more jewelry than ordinary jewelry stores. more is good. i want to find her something special. but our jewelry is so much more than just...more. we have unique diamond fashion jewelry that's perfect for mother's day like these beautiful diamonds in rhythm necklaces. this is totally her. but wait...there's more. awwww... we call it "the awww moment." and that's why... ...he went to jared. the galleria of jewelry. they leave on sunday afternoon to grandma's house they're bound. the car is filled with music that classic disco sound. and on their little faces, only smiles could be found. goldfish crackers. the snack that smiles back. if you have play dates at your house. be ready

a group of investors including bill ackman paid $91.5 million for a duplex penthouse at 157 tower manhattan is a luxury sky stripper overlooking central park west. bill ackman told "the new york times" that it was the mona lisa of apartments. why did linkedin spend $1.5 billion on the online education site lynda.com? who better to ask in the linkedin ceo jeff weiner. >> it is an enterprise business and a consumer business with a seduction model. it works for individuals, companies that want to invest in their employee basis. a big portion of our current customer base is universities administrators professors and the students of those universities. it is a broad cross-section of folks and is increasingly international as well. lynda.com is currently producing content in english, german french, spanish, and japanese. we are excited about expanding our global footprint. cory: you give them helpful guidance about what the business is doing. growing at 20% clip. about a third of that is a corporate business. do you see the corporate aspect of this becoming a bigger aspect of the lynda.com busine

demi moore is selling her massive penthouse in the sky. forgot "st.al pad in this central park building. it's considered one of new york city's jewels. moore wants a lot more than she paid. when she bought it with her then husband, bruce willis back in the '90s. she's asking $75 million for the triplex. it's located in one of the building's twin peaks. massive wrap-around terraces. a bonus. bono lives in the other tower. a few other good men have lived there over the years. including dustin hoffman. steven spielberg. is it an indecent proposal? if moore gets her price, she'll shatter the record. the record was $26.4 million. hopefully, ghosts not included. cha ching. >> what about last night? >> you ought to get commission on her sale. >> agreed. thank you. i was trying to work in "about last night," because it's one of my favorites. >>> there are certain songs that get stuck in our heads. this is one of them. it's on constant play. ♪ i'm just letting it all hang out ♪ >> come on, go wide. ♪ brick house ♪ >> the technical term for this -- it's called

he employs 1 6 people and makes enough to rent a penthouse in the heart of downtown denver where theyher daily to talk strategy during a so called smoke sess were you marijuana enthusiasts to begin with? >> i'd say so. >> reporter: his staff is united by their passion for pot. >> i was in the marine corps for five years and now i'm doing this. i love them both in different aspects but i'm living the green dream right now. >> reporter: green dream that will soon be paying real dividends. >> this sour plan and is our plan. there's no safety net and we're going for it. >> reporter: with dietrich at the helm hopes to be the mark zuckerberg of the marijuana industry. >> we are at the convergence of marijuana technology, social networking. >> ana cabrera, cnn, denver. >> cool story there. >>> coming up next, we want to tell you about the world's longest running television variety show. yes, the longest running and it's coming to an end. a look at the success of a 53-year-old run on the air. [ male announcer ] you wouldn't leave your car unprotected. but a lot of us leave our identities unpr

neil: $100 million penthouse crap.uy the trickledown theory, that group is visibly buying, it carries the entire industry? >> absolutely. neil: really? >> of course. neil: they've been always buying, in smaller volume. >> they were smart enough to hold and take a step back, buying more and through the big purchases, transfer taxes and $100 million condo, that's a lot of money. 1.825%. neil: bill o'reilly was telling me and he was whining about it. your customers, you always hear people are putting more cash down or all cash do you still see that happening? >> yes. neil: really? >> if they can. if you have the ability to put all cash down, what i'm seeing over the last 12-18 months is wealthy people who have the means to pay all cash taking advantage of credit of debt. everyone keeps waiting for interest rates to increase they don't. they say you know what? all of my friends did, it i'm going to borrow why not? it's okay. >> you are still optimistic things are stable as we go. >> absolutely. i think people are smarter n

neil: the most mobile in society are coming here they're buying the towers and penthouses. >> notice how many of the apartments have the lights on at night. neil: you're right. >> this is an asset allocation decision that people from around the world who have assessed the marketplace and have said new york city is a great city that it is the greatest city i believe on the planet, all right is still cheap by global standards. when you compare apartments to hong kong, tokyo london paris. neil: you think it loses that allure, and people go elsewhere? >> there's no question. it won't lose the allure for passive investment it will lose the allure for people to come here build businesses here, incorporate businesses bringing the world's leadership here. remember, it wasn't too many years ago, this was the capital of capital. what's happened to our financial system in this city? it is migrated to other parts of the world. we can bring it back because there's no place like new york, but you have to do that in partnership with the government a government that says i want to incent people to b

york times" said bill ackman of pershing square, bought close to $100 million points house there penthouse on 5th street as an investment. -- 57th street. >> you have elasticity of demand. the price goes absolutely vertical makes sense. i've been equal opportunity hater of gold for a long time. i'm with larry fink, i don't like it as an asset class. individual investors buy gold all wrong. they don't buy the rock. they buy the right to own the rock through futures. terrible way to do it. that is the way most people do it. i'm in favor of a different alternative. pier to peer lending is better alternative. own money through lending club. that is nicer way for people with smaller amounts of money to participate in alternative investments. lending club, i forget the other name of the company but they do, they need to learn how to disintermediate credit risk. as soon as they do that -- liz: a little bit of a margin and little bit of a yield. >> that's right. liz: adam, contemporary art thing is interesting. that is very tough to do. you have to pick the right guys. who knew he would be so popu

to the kid ha for you you are a hundred grand in debt i didn't get to college and i just sold my penthouse in manhattan yesterday. guess what he got for it. >> what did he get. >> 37.5 million-dollar. >> he can tell the college kid don't get to college waste four years of your life and tens of thousands of dollars. that is probably in the what he will say but he you want i fix this mess? a mess? i don't think -- what's that? snapshot from progressive. plug it in and you can save on car insurance based on your good driving. you sell to me? no, it's free. you want to try? i try this if you try... not this. okay. da! >>> two young men shot police say there were 100 people there at the time and how accused gunman tried to get away. >>> we have good news/bad news. do you see that place right there revel casino parentally sale has gone through and florida developer has some big plans to maybe least open it this summer. >>> and grab the umbrella, you will see a few showers as you head out the door but evening commute that is turning into a mess. sue serio standing by with the forecast and what yo

candidacy at the largest christian university in the world and he was also at the central park house penthousegay hoteliers. and the texas senator struck quite a different tone during the gathering. mr. cruz said he would have no problem if one of his daughters were gay. he said only that marriage is an issue that should be left to the states. this is the same ted cruz who a week ago sent a letter to tens of thousands of pastors in anticipation of the supreme court hearing on same-sex marriage. it is time to repent and commit ourselves to courage on this front, the union of man and woman and marriage will always be relevant. senator ted cruz is consistent at least saying he would leave the issue to the states as a policy matter. totally there a world of difference and and there's marco rubio, who according to a nationwide quinnipiac poll now lead the pac against republican or republican-leading voters. when it comes to keeping track on where he stand on comprehensive immigration form, you need an iphone app because it changes like the weather, rubio is now reportedly sympatico with big money,

and he now employed 16 people and makes enough to rent a penthouse and they have a meeting. >> from minnesotafornia they are united by their passion for pot. >> i was in the marine corp for five years and i'm doing this. i love them both in different aspects but i'm leaving the green dream. >> a green dream that will pay different dividends. >> this is our plan and it is our plan. there is no safety net and we're just going with it. >> with detrick at the helm hoping to become the mark zuckerburg of the marijuana industry. >> we're in an incredible position. right at the convergence of marijuana technology scaleable technology and social networking. it is an incredible place to be. >> cnn, denver. >> and this sunday is all about pot on cnn. at 9:00, weed 3 and at 10:00 the series high profits. and this weekend watch the global edition of "outfront" on cnn international. this weekend our exclusive reporting from south korea. thanks for watching. anderson starts now. >>> good evening, thanks for joining us. we begin with breaking nuz. a huge gas line explosion with mult pell serious casualties.

senator cruz was also this past monday at the central park south penthouse of, as "the new york timests it -- and this is an amazing phrase -- two prominent gay hoteliers. and on the subject of same-sex marriage, again to quote the "times," the texas senator struck quite a different tone during the gathering according to two attendees mr. cruz said he would have no problem if one of his daughters was gay. he did not mention his opposition to same-sex marriage saying only that marriage is an issue that should be left to the states. this is the very same ted cruz who just a week ago according to the christian broadcasting network news sends a letter to tens of thousands of pastors in anticipation of the supreme court hearing on same-sex marriage, quoting the letter, the church has not shared the truth about marriage well. it is tame to repent and to commit ourselves to courage on this front. the union of man and woman in marriage will always be relevant. senator ted cruz is actually consistent at least in saying he would leave the issue to the states. as a policy matter, totally there i

betty: they do not live in penthouses. tom: that market has gotten better.ng is up 25% this year. still down from a normal market. we are still seeing that way down from where it is. we think in general, that is a single family member, but we think we need to produce about 1.4 million. 1.89 housing units per year. four years ago, we produce 600,000 to even last year, we produce less than a million. in general around this country and i have said this for five years now, we will have a housing shortage and that is a problem. betty: you made that they call a few years ago and you did it on the show, where you said buy single-family homes to rent pair that is where you make biggest returns and housing are you are right. -- housing. you are right. and you made a lot of money. another single big call that you have in housing. tom: we have been doing this for a while, backing single family and building new homes. an interesting twist to that as well. if you think about the homebuilders, they are manufacturers no different than apple computers and general motors. we

>> call it a $75 million bargain, lloyd boston takes us inside tommy hillfigger's pal lash shall penthouse the kardashians. as the after shock of bruce's

bill ackman paid more than 90 billion -- $91 billion for a new york city penthouse. purchase one of the city's most expensive ever. the home spans two floors as a luxury skyscraper. iran's supreme leader says all western sanctions against his country must be lifted immediately if a nuclear agreement is finalized. the opposition raises new questions about the prospect given for a deal. peter cook spoke with former u.s. ambassador to israel martin and derek. lin>> it will be very tough. even the supreme leader says the devil will be in the details. it will be a lot of tough bargaining. the parameters of the deal have been set. if it continues to be the case the leaderships on both sides want the deals, i think it is more likely than not they will get a deal. i suspect it won't be by the june 30 deadline. eventually, there will be a deal. >> did you take the supreme leader's comments as an indication this will be even harder to get to a final solution? >> i think that it is an indication it will be hard to get there. i am relieved in a bizarre way because i was worried

caldwell has just bought an old car park, a parking garage and wants to convert it into six houses, penthousesapartments. the problem is, there are ready 440 new homes approved in mayfair at the moment. prices are likely going to have to fall. maybe a bit of trouble at the top. mark: my question for draghi today, must we really start worrying about tapering? will the ecb find enough assets to buy? what is the latest on greece? lovely piece here ahead of the ecb meeting. go to bloomberg.com. caroline: we will be showing it all here at 1:30 p.m. london time. countdown continues in the next hour. ♪ mark: shine upon gdp drops to a six-year low. caroline: the european commission is set to be charging google with violations. mark: greek may not come up with the money needed to save itself from the bailout. hello, welcome to countdown. caroline: coming up we will look at the questions faced by the ecb's 1.1 trillion dollar plan. mark: china's economy is in focus. stocks are headed for the biggest drop in weeks. the retail data is slowed in the world's second biggest economy. yvonne is here with the d

did you see my cool penthouse? they will spend anything to make that statement.motion that animal spirit is still here with josh right near 1%? what is the betting right now? ? september? josh: september. the distribution of expectation is like head and shoulders -- everyone is talking about september right now, but we have to wait and see. remember, those compositions, it could be later in the year. i would like some real estate trips, too. olivia: get in line. tom: we will continue with barbara corcoran talking about too many americans seems that are out there. -- themes that are out there. where is the best place to invest in real estate? stay with us. good morning. ♪ tom: good morning, everyone. i'm tom keene. olivia sterns with us. olivia: my morning must read comes from the financial times. how to get more female chief executives. she writes "ask a group of schoolgirls to close their eyes and picture a surgeon, chief executive or a pilot. ask those who visualized the woman to raise their hands. only one or two will go up, if any." how do we get more female

she flies on private jets stays in penthouses. >> just rhetoric or real?the clintons. people don't know if they have any -- 40% of streetlights in detroit at one point did not work. at the time that the bankruptcy filing was done the public lighting authority had a hard time of finding a bank. citi did not run away from the table like some other bankers did. they had the strength to help us go to the credit markets and raise the money. it's a brighter day in detroit. kids are feeling safer while they walk to school. 40% of the lights were out but they're not out for long. they're coming back. ♪ if you're looking for a car that drives you... ...and takes the wheel right from your very hands... ...this isn't that car. the first and only car with direct adaptive steering. ♪ the 328 horsepower q50 from infiniti. >>> we have some of the numbers phil. >> andrew we have al miss on the top and the bottom line by general motors. the company earning 86 cents a share. that is well below what the street was expecting. estimate on the street was for gm to earn 97 cents

that's what he pulled in for a penthouse in new york city last year.e action is one of new york city's hottest brokers. he's an associate broker and is the star of bravo's "million dollar listing: new york" that premiered last night. welcome. so great to have you. congratulations on another premier. guest: thank you very much. it was number one on itunes today. alix: shameless plug. speaking of big properties. your current top listing for $25 million. what do i get for that? do you serve me dinner? guest: you get 5,000 square feet. alix: will you do my nails? guest: i would do anything for you. it may seem very high but in reality it's not. we waited for the release of a building 220 central park south, two bedrooms $800 a square foot. a full floor floor -- a full floor. so it's basically a steal. we're just running with the 220 central park south it. should sell pretty quickly. alix: unbelieveble. we're looking at enormous prices. last year new york city real estate prices hit pretty much historic highs. the average sale price of an american condo jum

. >> picassos and penthouses are outshining gold when it comes to securing the wealth of the wealthy.lling a conference in singapore yesterday that quote, gold has lost its luster and this are other mechanisms where you can store your wealth. contemporary art and real estate, especially in london and new york. on art, he said i don't mean that as a joke. i mean that as a serious asset class. if you look at performance, art and real estate are generally beating gold in at least the short term. over the past year gold is down 7%. new york prime real estate down 4% and art up 15%. over five years, gold also lagging behind up four compared to real estate up 38 and art up 61%. the ten-year picture is better for gold does better than real estate. art, still the winner overall, up 252% over the past decade. it's not just performance. fink says because gold is widely owned through etfs, it's become a little less secure. melissa, back to you. >> thank you, robert frank. >> thanks. >>> brian is going to be -- brian, you're going to be in california tomorrow. jet setting across the country. >> i

you don't build a house from the penthouse down.ation and the basement up. and the basement the foundation, is eroding and we're seeing signs of that from ferguson, to baltimore. we do not need to have to go through the '60s of 100 cities for them to get the message, but the message will be heard. >> you know, reverend i think we all are responsible and guilty of not looking at the foundations and not going to the basement and seeing the reality of that house and how the basement is suffering. we're guilty of that as well. and you know what, when we talk about the unemployment rate we don't ever talk about the unemployment rate in the african-american community and the latino community, and when we talk about difficult moments in a city we don't often talk about the people that live in the basements and are the ones that builds the building. >> and the ones that have to keep the building going. and many times get blamed for the condition of a building that they don't have access beyond a basement. all of these things must be put on

>> well this is a wonderful penthouse located really in the heart of soho. very well renovated and the terrace is really what the apartment is all about. it offers views both north, south and west. from the terrace you get views of the empire state building and all of northern manhattan, which is pretty rare particularly for an apartment of this size. >> yeah. it's all about the view all about the terrace, the outside living. our second listing here is 66 leonard street apartment 6b on the market for $5,750,000. monthly taxes of $3,034. three bedrooms three and a half bathrooms and 2,800 square feet of living space. i believe it last sold for $3.4 million in 2010 so whoever owns it has made a nice little packet on this one. >> let's hope so. this is in the heart of tribeca, another very sought-after neighborhood in lower manhattan. these owners did a very significant renovation to the property after buying it. it has 10-foot ceilings it's on a corner so it has 16 windows looking north and west. wonderful light. they have redone the floors so they're a bleach

. >>> in the meantime when we return from the penthouse to the penitentiary.nbc documentary. gives you a rare look at life behind bars for white collar criminals. back with that and a lot more in just a moment. good. very good. you see something moving off the shelves and your first thought is to investigate the company. you are type e*. yes, investment opportunities can be anywhere... or not. but you know the difference. e*trade's bar code scanner. shorten the distance between intuition and action. e*trade opportunity is everywhere. >>> welcome back to "squawk." what happens when the spotlight fades? that's the subject of a new cnbc original documentary. i looked at the experience of fraudsters who go to prison. here's a sneak peek. >> southbound train 613 -- >> reporter: on a humid afternoon in orlando, passengers board an aptrack train headed for georgia. some travelers are on business trips. others on vacation. but not this man. >> my name is ken flask. i was convicted of bank fraud. i was sentenced to 64 months in federal prison. i will be reporting to a