currency effects are 90% of priceline's business outside this country. market expectations yet again. joining us live from amsterdam in a cnbc exclusive is darren huston, president and ceo of the priceline group. welcome back to the program. people know that you are a conservative when it comes to guiding down. there seems to be more than that in what you're saying now. what is the current state of the business? >> yes, simon, we are actually quite happy where the business is. we actually accelerated our growth in q-1. the business is healthy grebly. it's a great travel environment right now. we are investing. that is one area we are investing in things we really believe in that are going to drive the long-term growth of the company. also as you mentioned, we are heavily impacted by currencies. most of our money is made overseas. this isn't a real effect it's a translation effect when you transit rubles into dollars. the fundamental health of the business is strong. >> what about the shift to mobile? notably you like other players in the space have come

lots of disappointments as well green mountain coffee priceline, tesla and whole foods today having a huge volume day. it has lost almost as much as it did about three years ago after another disappointing quarter. whole foods now going after

i would look for other names in the consumer discretionary to play to the upside, priceline that i like playing as long as prices stay cheap. there's other ways to play consumer discretionary but this is a trade here call spread for a slight play to the upside and maybe get bling off the chart and bang for your buck. >> charting ability? >> it's only fair if i don't use the vix -- >> payback. >> right. >> you know, so there's a discretionary element. it's a lot of groceries and gas and that type of thing. it's not as sort of cycle cal -- >> compare it to walmart or target. it's the one that is growing for better than the other two. you're better off in this one. >> good debate. >> talk about money in the banks, they made a killing on the bullish bet on financials and have a way to make even more cash right after this. here at td ameritrade, they work hard. wow, that was random. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any c

or priceline. two companies in need of growth.u have a one stop shop to get anything you wanted delivered to your door in one easy app. anything. not sure which place to order from? acquire yelp. and you can have the reviews alongside the app, giving you a box popular rating system. >> we are joined on the cnbc news line by rob sanders. do you believe reports that yelp might be for sale? >> hard to have a view on that. it's a strategic asset. great content, could fit well at a number of different players. i think that local space is on everybody's radar. it's difficult to penetrate. >> there's two-ways to sell. i pointed this out in the 1:00 hour. you sell because you got buyers who want to pay you a premium or you sell rob, because you need to sell. which one do you think yelp would be in? >> yeah. i think the momentum in the local ad space are still there. they come through a quarter of missed execution. this has been a battleground stock for some time. i don't think there's a need to sell for the company at this point. but i th

there are some less obvious companies being suggested like amazon or priceline. cory: they have created a unique asset in this inventory of all of these places, places were local advertising is working. they have created a lot of enemies in the process local enemies who don't like the way it works and feels like it is a racket. but they have grown a nice business, a profitable business. it is not growing at the pace it had been growing. google is very large in this industry and yelp has talked about google putting their own search results above the yelp search results. the suggestion is they are not putting the best and most useful results out, just the ones that are most useful to google. the role of google in the marketplace is going to be part of the conversation goldman sachs is having as they shop this business just three years after the ipo. emily: spencer, where do you see this going? spencer: one of the things we already mentioned -- another company i even heard was alibaba. the hook there would be an opportunity for an overseas company to gain a u.s. foo

we're send it back to you in new york >>> when we come back, pricelines's champl weighs in and wheresed now. also the comments made earlier this month concerning the risk. the dow is down just six points. we're back in a moment. but utilities can now predict where the power will go out, within a few city blocks. working with ibm they're combining micro weather forecasts with detailed data from local sensors. to predict where outages are likely to occur. and send crews exactly where they're needed, when they're needed. ibm analytics from the internet of things is making energy smarter every day. if you want to succeed in business, mistakes are a luxury you can't afford. that's why i recommend fast reliable comcast business internet. they know what businesses need. and there's a no-mistake guarantee. if you don't like it, you have thirty days to call and get your money back. with comcast business internet you literally can't mook a mistick. i meant to say that. switch today and get the no mistake guarantee. comcast business. built for business. >>> good morning, everyone. siem sue here

i used apple to book my room in new york city using the priceline app.d dollar transaction, they're earning a transaction fee but they will get deeper into that, it's a tremendous marketing opportunity for apple. to do more. liz: why not ali pay which is related to alibaba fully taking on paypal? >> i think ali pay is an enormous opportunity as well. i own alibaba. amazing opportunity in asia. i don't use it here, but they have an amazing market opportunity there as well. liz: you said you just paid using apple pay. what did you pay for? >> i paid for the hotel room. it was expensive. every room was sold out. i don't know what's going on. it was a big transaction. liz: how much? >> $1,000! >> what hotel? >> won't give away the hotel. liz: can you believe that? unbelievable. you like amazon, ebay and paypal in that space. >> i do. liz: great to see. >> you great to see you, too. >> say hi to your parents. hi, mom and dad. jim moran, closing bell, we're now 7 minutes away. nicole, talk of the floor, is it the avon thing? what a bogus news release. >> they'

sure when price line is done going down because the volume is so light but i'm inclined to like priceline and not dislike it after the huge downturn. if you wait for good news you miss your best opportunity to buy. if we get a dip next week i want you to buy your favorite names into that. mad tonight, is it time to buy boat maker brunswick or are waters getting rough? i'm going to set sale and then note that whole foods is a great place to get your groceries. i love it. i'm browsing aisle. plus la quinta hit an all time high just last week. is it time to check in? i'm going to talk to the ceo. stick with cramer. >> don't miss a second of "mad money." follow @jimcramer on twitter. have a question tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. >>> when a high quality company with a terrific track record stumbles you need to do the homework and then pounce. that's how i feel about brunswick organization. and boat engines with the sideline billiards tables fitness machines t best. the highest en

then local reviews or travel sort of companies, trip adviser, expedia, priceline. commerce companies trying to build out local services, like amazon and e-bay. international companies are looking to build out a u.s. presence. given the size of the asset, have to pay some sort of premium. this could be bought by any one of those companies. >> that's like you're covering the whole universe. who is the most likely buyer. >> highest would probably be yahoo!. there are yahoo! holders that hate that. once alibaba and yahoo! japan stakes are dissolved or sold off. this is about the best transformative action they can make. >> mark, thank you so much. >>> would buying yelp transform yahoo!? >> transform it into an anchor. it's not a great buy for yahoo!. i actually think if they bought yelp, yahoo! stock would go down. >> it becomes a lottery ticket. $5 million dealish. he didn't put a number on it. this stock was effectively a 52 week low today before these rumors came up. the stock is up and trading well. you scared the shorts out. ten times normal value. >> google and a

if you take air bnb, orbitz, priceline, uber, everything that's happening in the tech economy, that's helpful to real estate production. it's disintermediating the utilization of real estate production. >> you have strong thoughts on air bnb. but doc, you want to weigh in on what we're seeing globally? i think it's the most important story on the market is what we're witnessing with rates, sort of the currency moves are important. and they've reversed the trend that we were on with the stronger dollar. but now i think that story has been somewhat eclipsed by what we're seeing in interest rates. >> kudos to paul richards, who on this program was saying that when the euro was starting to make the break to the upside, paul, i know you're watching, nyse call. as far as yellen yesterday, judge, i think she did what she wanted to do i don't think anything is off the cuff. i think that was basically as we discussed with liesman yesterday, something she wanted to get out there. just like draghi. if i can stalk this down without having to pull out the bazooka, that's a better thing. ty viks, t

if priceline is $1,000 a share and amazon and apple, you don't need to trade as many shares to buy thek at it in the context of this conversation is the value trayed shares. that number continues to go up. we heard there is no volume and it's not real. when i look at the pnl, it's very real. you get something like experian who comes in and tries to -- not in a criminal way, that's an opportunity to make moan. >> what will start moving the market. earnings wind down and fed meeting not until june. will we hang on every bit of fed speak and try to gain what they are thinking? >> there is a wall of worry out there. when they trade on highs, there is plenty of worry and i don't think we should worry about that much. that's why the market is enraged and there is a concern about corporate earnings growth. that's keeping a lit on it. the macro tends to be more prominent than is otherwise the case. >> you have a great holiday weekend. best memorial day weekend. thanks so much for watching our program. janet yellin about to deliver remarks and steve liesman has it now. >> thanks very much, scot

payroll numbers that come out today, s&p up by .25%, as is the nasdaq, take a look at shares of pricelineng even though profit and revenue at the company topped expectations. the stock down 4%. the company did say currency exchange rates will quote significantly reduce growth in the second quarter. a familiar chorus, carl, from the multinational companies? >> when we come back, the u.s. government teaming up with three companies on a new testing program for commercial drones. one of those companies, the only actual drone make nert program will join us live. plus we talked about alibaba's quarter a few months ago, how does the company look after it split from yahoo? we'll talk to former yahoo ceo dan rosenzweig. and we'll talk to a company first to be fully chartered by new york state and the u.s. government. changing investing forever. ts i am a fully automated investment advisory service. i can help you choose the right portfolio. monitor it. and even rebalance it. i've been called innovative. revolutionary. and just plain smart. i'd blush at the compliment if i could. but i can't. so. i

facebook potentially, and priceline. >> what about google? >> google was not mentioned.phanie: when you google a restaurant or a store yelp is the first listing that you get my always think of google and yelp. to be honest i am not a big yelp user. >> i am down on yelp, too. that is where i bookmarked the wild boar. >> i am not a yelp person. >> even at $46, down from 70, yelp is trading at 337 times 2015 expected earnings. scarlet: maybe you do need a buyer like google which has tons of cash. stephanie: what do i know about people getting yelp reviews? >> nada. >> that's my point. scarlet: when someone writes a review and it has typos you have to disregard it. m km, the banking analysts saying he still finds goldman sachs pretty attractive. stephanie: rutger university alumni. scarlet: he says the fed has become much more predictable and they did not try to lower investor expectations after first-quarter results and that is one reason why he likes it areas otherwise, there are upside opportunities and europe getting more normalized and some investor repositioning as wel

they are the biggest advertisers on google like the priceline and kayak, so on and so forth.tly doesn't that cut out some of those big advertisers? that is a difficult relationship to manage isn't it? >> i agree with you. it's a tricky dance. however, be google itself is not selling anything. it's a marketplace model. so they are selling on behalf of their partners their advertisers like online travel or mazy's. they are selling on behalf of those partners. it should help increase sales to customers to detract from the value. >> we see 20% upside from these levels. google is very well positioned in mobile despite a lot of fears to the contrary. google will prove the value of mobile advertising as they convert global search to transaction. we think youtube enterprise the other tail end of their business. >> thank you for the analysis. >> thank you. >>> when we come back top apple analyst has been betting on apple tvs for years. what does he say now there are reports there will never be an apple tv? he'll join "squawk alley" live to talk about it.. the network that monitors her

i have seen a very long list from priceline to apple to google. been in this for more than a decade, so has yahoo! and there are people who are going to want to buy yelp and know what their ambitions are, but only google knows, but when google is shopping, that is the kind of doors they will be knocking on. alix: good stuff, lots of news yelp, bit, love it, -- fitbit, love it. we are looking ahead to tomorrow's jobs report and what the feds would need to see for the 2015 rate hike. plus, oscar de la renta trained to it a new way of selling their goods. influencing how business is being conducted in the high-fashion world. ♪ alix: breaking earnings for you nvidia is just crossing the wire right now. scarlett: nvidia, which is the biggest maker of chips with graphics cards, had $.33 adjusted earnings per-share, the original estimate was $.34 nevertheless, this is the same estimate from a year ago, and the revenue is also a miss because analysts were looking for something higher, but again, an increase for the -- from the same time a year ago. the vi

delta removed that data from over a dozen travel websites such as expedia and priceline claiming thatg them and users off from the data. joining us now with two sides, i guess. who do we believe? >> if they are restricting data, that is factual. what the issue is here is whether or not delta is doing something wrong. the travel technology association is basically a trade group for all of that. saying there is no transparency and at the end of the day, you will pay more for the airfares. believe it or not, delta is running the business the way it wants to which is you buy the tickets and everything that goes with it through us or through certain websites the ones that we want to work with that's how delta wants to run the business. i am perflexed by the complaint because at the end of the day, delta is do whatever it wants to do. i don't hear them explaining. >> why do they have a right to the information. >> they would sell on their own websites because they won't have to pay commissions and they can add ones and so forth. what's interesting is it's a push back from the industry. we k

if you look at priceline moving if i look at what go daddy is trying to do you are all moving in on thes. how does that shake down? do you get bought by bigger guys like google to operate for free? >> all the companies that are partners and our absolute core focus we want to allow more businesses to be created. they are very easy to get started and scale to be $100 million companies. we power google buy buttons and other systems released in buy button soon. our market traditionally, there were a lot of points solutions. merchants had to reintroduce their products. from shopify we run all that. >> is that what you would describe as your competitive advantage versus others competing with you? >> yes. we find the last decade has been a lost decade of entrepreneurship. it was really hard with the complexity and the learning curve to start. now allow people not just to have one single point solution which creates a lot of complexity in imagining all these systems, but run entire operations. >> 15 minutes, that's all it will take me to get on your platform and learn how to use it? >> yes. we

now look at priceline. profits were up a little, but they expect slower growth. don't do that. is down 3 1/2 percent. whole foods it's down 2, by the way, that company is going to roll out a new chain of less expensive stores geared to younger shoppers. time is money. three other stories. here we go. we have a lawyer who is suing uber. is she trying to put uber out of business or what's so bad about this sharing economy? the washington post says why it's okay to hate millennials they're not patriototic and's war on fossil fuel, if he's successful, could that ruin our economy? we have someone on the show that says, yes, it can and it will. and appeals court appeals that the nsa phone records is not authorized under the patriot act. this is a very big ruling. i understand the significant. what exactly is illegal? >> there are two rulings by federal trial judges on whether or not the language in the patriot act permits the nsa to gather content of phone calls and e-mails under this law . >> and store it. >> and store it and keep it and examine it as it wants to. one federal judge

. >> one thing i think people don't understand about what you and priceline do i've got hundreds if not-to-door to actually sign up hotel owners on to your site exclusive inventory. i think you doubled the rate which you are doing that 14,000 in the new quarter. one question where are those new hotels? secondly, what sort of moat does it create around the business do you think? >> hotels are all over the world. we are signing up a number of hotels in the u.s. these are smaller hotels. they've got 20 rooms, 30 rooms that hadn't necessarily come online. if you are in the travel business, you have to be online wherever you are. the pace of our hotel sign-ups in europe in the asia pacific region is also accelerating very, very quickly. the more hotels we add usually our conversion on our sites go up. it's a nice cycle. going out there investing, signing up hotels. that results in consumers booking more and more on our sites. it brings more traffic to hotels and makes us more important for hotel partners. >> the doj made a second inquiry as people expected on the brand orbitz. obviously the

they did not do expedia, priceline. these are the ways that people book now. they've been left hopelessly behind. the costco deal they didn't get that one. the difficult one for me is coca-cola. at the same time you're dealing with cherry cola land. when you listen to buffet saying he sees people not smiling at whole foods like at dairry queen. i go to whole foods now, i'm 176, i think it's a longevity issue, not a taste issue. i had quinoa last night on chicken. >> didn't make you smile. >> had to put something on that. it's like eating bounce you know the sheets you put in your washing machine. they both have crunch to them. >> i don't remember you at 210. >> that was the height of your hedge fund years. >> the height of my happiness period. >> some people like brussel spouts and kale and broccoli but don't invite me for dinner. >> we use a lot of kale. it has no taste to it but it does make you less hungry for milky ways. >> i love mig milky ways. >> are you a blizzard guy, gary? >> no. i keep my milk shake to shake shack vanilla. >> what a breakout there i

analysts cut the website to a sector perform from prior outperform citing portfolio preference for pricelineadvisor's display ad business. those shares down by about 2% to their worst levels in early trading. >>> up next on the program, crude oil hitting $60 a barrel for the first time this year. this as saudi arabia's oil minister tells cnbc that only allah knows where prices are heading. m only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be

. >>> priceline invest $250 billion in seatrip.com and astrazeneca psoriasis linked to fears.his development. amazon reportedly going to be changing its european tax practices. this came from "wall street journal" saying this comes amid regulatory probes. they used to run a lot of their money through luxenbering and that will no longer happen. >> the heartbreak of psoriasis. >> i have eczema on my finger. >> nobody wants -- but eczema it was the p that through you. why put it there? >> why do they do that? >> i don't know why. it's annoying. it's annoying. it is. >>> let's get back to our big corporate story of the morning. charter buying time warner cable for $55 billion. matt, thank you for joining us today. >> thank you. >> so let's talk a little bit about what we just heard from the fcc. tom wheeler putting out a statement basically saying it's not enough to show a sense of harm that they'll be looking at this deal. how likely do you think it is that it meets regulatory approval? >> you know we have pretty high degree of confidence. i think that you know wheeler certainly

priceline earnings and revenues topping estimates, but its outlook is weak.part because of high prices for the new system. poor reviews and confusion about whether the new machine could still brew certain brands. i don't have one. >> i have one. >> i do not. >> you know where dunkin' works. this is so great. so easy. >> i'm not going to tell you the kind of machine i have. it's an espresso one. >> you don't like regular coffee. >> isn't it next to the pasta maker? you have a pasta maker, don't you? >> no. i mean the chef makes the pasta. i don't know how they make it. i don't know how the team does it. but they do a terrific job every evening for the family. don't believe a word of this. >> it's true. >> it's not true. >>> we are here with choice hotels out this morning with first quarter results beating on the top line and missing on the bottom. the company reporting a rise of inocpancy and joining us now to talk numbers and new branding new branding pushes. steve joyce. the ceo of choice hotels international. good morning. >> good morning. >> i do go to som