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pwc is doing something about that. i'm bob moritz u.s. chairman of pwc. 5-year $160 million commitment of funding, volunteer hours and curricula to help provide students with financial well-being. pwc's earn your future: empowering students and future leaders through financial responsibility. >> not so fast chair woman. last month karen made a bearish call on one of the hottest stocks of the year, netflix. here's what she said. >> content price is going up and also tells you more competitors in the market which makes -- i don't know how fast the pie is growing but i got to think this competition isn't great for them. >> since that call was made netflix is up 19%. the call is to stay away but anyway you would still say stay away. >> what i meant to say was content is more expensive and so the stock will go up 19%. what came out -- >> you meant to say -- >> pete, this one is for you, are the miners going to catch up to gold? >> my short answer would be unlikely. they accelerated to the down side as fast as gold as dropping they accelerated faster to the dow

pwc is doing something about that. i'm bob moritz, u.s. chairman of pwc. pwc's earn your future is a 5-year, $160 million commitment of funding, volunteer hours and curricula to help provide students with financial well-being. pwc's earn your future: empowering students and future leaders through financial responsibility. >>> an historic day for netflix. it's bringing home its first emmy nominations, this just a day after icahn told cnbc's alpha conference that it hasn't sold one share of the stock. julie with more. the stock isn't moving too much, but boy, some big headlines nevertheless, julia. >> that's right, this is great news for netflix and a sign that prime time television is changing. this morning the emmys gave their first nominations to digitally distributed content. 14 total, a sign of the rising quality of originals digital content on the streaming video service. now, housing cards caw' house o with five nominations. jas jason bateman got one for lead comedy actor. it's a sign that, quote, great television is great television regardless of whe

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pwc is helping spread that message. i'm bob moritz, u.s. chairman of pwc. pwc's earn your future is a 5-year, $160 million commitment to help students learn the financial skills they need as they grow. pwc's earn your future: empowering students and future leaders through financial responsibility. >> welcome back. right to josh lipton. i want to look at microsoft and google selling off. josh, what cuts. >> two tech tightens. both down sharply in the after hours. they both missed on the bottom and the top lines. also call your attention to isrg. that's intu sieve surgical. also reported earnings of 390. the street wanted to see 404, also missed on the top line. >> earlier we heard from nba hall of famer charles barkley. up next joe thighsman will sit down with me before teeing off at the celebrity championship in ta hoe, back in a moment. router to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-

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pwc is doing something about that. i'm bob moritz, u.s. chairman of pwc.rn your future is a 5-year, $160 million commitment of funding, volunteer hours and curricula to help provide students with financial well-being. pwc's earn your future: empowering students and future leaders through financial responsibility. >>> if you go on spotify right now, you can hear this song. radiohead's great "high and dry" but the voice behind that song is tom york, a singer and leaving spotify high and dry when it comes to both his solo and side projects like edatoms r peace. julia boorstin, now had a couple of high-profile bands and musicians coming out saying they are being rooked over by spotify, pandora and others. how do the digital music companies respond? >> reporter: well, spotify responded and defended itself. it said and sent us a statement saying that they are doing everything they can to support young musicians. let's pull up the full screen here with that statement. they say we've already paid 500 million to rights holders so far, and by the end of 2013 this nu

pwc is helping spread that message. i'm bob moritz, u.s. chairman of pwc. earn your future is a 5-year, $160 million commitment to help students learn the financial skills they need as they grow. pwc's earn your future: empowering students and future leaders through financial responsibility. >>> coming up on "power lunch," markets hitting new highs, bernanke testifies. what is he saying about tapering now? >>> stocks at those new highs, but is housing a better investment? bullish words from the man who made a killing betting against housing. now he's buying some of the same things he betted against. >>> and call it the ultimate grassroots startup. how one entrepreneur is cashing in on weed. now back to scott and "the halftime" group. >> thanks. pepsi and mondelez is moving higher. the chairman said yesterday that pepsi should buy the smaller snack food company. there's also speculation about a pelts stake in dupont. dupont was a big mover on the news. if you listen to pepsi, you don't get any indication they're willing to listen to this idea from mr. peltz.

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pwc is doing something about that. i'm bob moritz, u.s. chairman of pwc.arn your future is a 5-year, $160 million commitment of funding, volunteer hours and curricula to help prepare students for the financial realities that await them. pwc's earn your future: empowering students and future leaders through financial responsibility. a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> so we have about 10 minutes to go in the trading day. while the s&p is slightly lower, it's a few points shy of the 1,700 level, and that's a closely watched level by traders. >> with us is joel quinlan from u.s. trust and jordan waxman from hightower. joe, let me star

pwc is helping spread that message. i'm bob moritz, u.s. chairman of pwc.your future is a 5-year, $160 million commitment to help students learn the financial skills they need as they grow. pwc's earn your future: empowering students and future leaders through financial responsibility. ? >> the nasdaq trying to close at a fresh 13-year high. high, seema. >> hi, maria. let's start with blackberry. the price at q-10 has been cut in half, now selling for $99. blackberry says with the recent arrival of the q-10, now is the right time to adjust the price of the glchlt. >>-10. shares of blackberry higher. other tech stocks getting a bid. google, microsoft, amazon, hitting all-time highs. and tesla replacing oracle in the nasdaq 100. oracle, which moved its listing from the nasdaq to the new york stock exchange is trading higher by around 2% on the day. and lastly, apple in focus. channel checks from jeffries analyst indicates the iphone 5s production will start later this month. they believe it will be available late september or early october. bill? >> all right

pwc is helping spread that message. i'm bob moritz, u.s. chairman of pwc. earn your future is a 5-year, $160 million commitment to help students learn the financial skills they need as they grow. pwc's earn your future: empowering students and future leaders through financial responsibility. ♪ we're having a party everybody's swinging ♪ ♪ listen to the music on the radio ♪ >> good morning. welcome back to "squawk box" on cnbc. i'm joe kernen with becky quick and andrew ross sorkin. you're wiser. you don't look any older. do you feel it? >> no, i don't. >> do you feel different on a birthday in. >> yes. i feel angry. >> i said different. >> depressed. exactly. depressed. better than the alternative. >> look -- >> a state of mind. do i do feel as i've gotten older birthdays roll right off. >> state of mind and state of how good -- >> we never feel like we're older than 18 anyway. >> that's right. >> ibm shares getting a boost this morning. earnings beat the street. brian white is managing director at topeka capital market and just reading the take today, and

pwc is doing something about that. i'm bob moritz, u.s. chairman of pwc.ar, $160 million commitment of funding, volunteer hours and curricula to help provide students with financial well-being. pwc's earn your future: empowering students and future leaders through financial responsibility. >>> one year ago marissa mayer left the promised land at google for yahoo! and from tell commuti to tumbler, here is a look at her journey to save yahoo! >> in the beginning there was yahoo! and at first, it was good, but then -- >> we are looking at yahoo! sent it went public in april of 1996 and the stock has been floundering since their heydays. >> yahoo! needed a savior and one year ago, the heavens parted. we have a new ceo for yahoo! marissa mayer of google. she will bring new life and new blood. >> hallelujah! >> and then one day later -- >> today, a big chunk of the focus goes beyond what investors can expect from her as ceo to the fact that she is and expecting ceo. >> wait, she is pregnant? even without a newborn bringing yahoo! back from the dead could mean a

pwc is doing something about that. i'm bob moritz, u.s. chairman of pwc.is a 5-year, $160 million commitment of funding, volunteer hours and curricula to help prepare students for the financial realities that await them. pwc's earn your future: empowering students and future leaders through financial responsibility. >>> bank of america out with quarterly results. joining us on the squawk news line is jeff hart. jeff, the earnings per share came in a little better than expected. revenue came in line. what do you make of the report? >> from the first look through it, unfortunately it seems like there are hundreds of pages, but i think it's pretty good. that interest income was actually a little better than we thought. noninterest income was more or less in line with our expectations. they did have some bigger than expected security gains to help drive that 32 cent number versus kind of what we were looking for. but all together, revenues didn't disappoint. they're hitting on the expense save side. and credit keeps getting better. so i think it's a pretty goo

pwc is doing something about that. i'm bob moritz, u.s. chairman of pwc. pwc's earn your future is a 5-year, $160 million commitment of funding, volunteer hours and curricula to help prepare students for the financial realities that await them. pwc's earn your future: empowering students and future leaders through financial responsibility. . >> michael, we are bigger than u.s. steel. >> that, of course, a scene talking to michael corleoni doing business in cube be before the revolution right before his kisses fredo and tells him, i know it was you. anyway, michelle just got back from havana. it's a movie. you know, i get mixed up about what really happened and what didn't in terms of the movie. but the idea of what could have been in cuba without castro, to me, people would say, well, you are just a capitalist pig. you see exploiting the island and its people for tourism for your casinos and for all the vice that you want to bring 90 miles from florida. i think the way that country would have been, if that hadn't come to pass, where they built a beautiful

pwc is helping spread that message. i'm bob moritz, u.s. chairman of pwc.ommitment to help students learn the financial skills they need as they grow. pwc's earn your future: empowering students and future leaders through financial responsibility. ♪ honey, is he too into this car thing? [ mumbling ] definitely the quattro. ♪ honey? huh? a5. what? [ sighs ] did you say something? ♪ did you say something? (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. >>> today the president is going to kick off a three-speech tour apriled at explaining his vision for the economy as his approval ratedings drop to the lowest level since the fall of 2011. according to a new "wall street journal"/nbc news

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pwc is doing something about that. i'm bob moritz, u.s. chairman of pwc.ment of funding, volunteer hours and curricula to help prepare students for the financial realities that await them. pwc's earn your future: empowering students and future leaders through financial responsibility. >>> with a blowout quarter for starbucks. the company reporting one of its best quarters in history. earlier on "squawk on the street" we talked to starbucks ceo howard schultz. >> tea is a $40 billion category and more relevant outside of north america. we think we have a global opportunity with teavanna. that will transform food at starbucks and then evolution fresh is a health and wellness brand not only juice but we announced our relationship a week ago. we'll be bringing evolution fresh yogurt into our stores as well as creating an evolution fresh cpg brand. i think what we're going to do, and we said this from the beginning, we're going to introduce and create brands and categories inside starbucks stores, leverage that off our digital card and mobile platform, and brin

pwc is doing something about that. i'm bob moritz, u.s. chairman of pwc.ment of funding, volunteer hours and curricula to help provide students with financial well-being. pwc's earn your future: empowering students and future leaders through finial responsibility. faso you want to save on autoof and insurance?.ers drive a hybrid. get good grades. lose the bling. go paperless. combine policies. make automatic payments. and of course, talk to farmers. hi ♪ we are farmers bum - pa - dum, bum - bum - bum - bum♪ >>> dow is up 116 points. it has been quite the session with some records being set, historic day. the dow has never been higher than it is at this moment. s&p same story at 1693. >> the prior highs were on may 22nd, which is the day we last -- not last but the day before the last day we saw bernanke testifying before the joint economic committee. that's when he introduced the taper talk that sent markets down. we recovered and we're back at new highs. >> he's not going to say anything different on day two than he did on day one except for the fact he's

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connolly with pwc says you're going to see a lot of workers who are going to want to sign up for coverage either through their employers or through the exchanges. so even if it is delayed, that may not delay people's pent up demand for coverage. larry? >> very good. thanks, bertha coombs, we appreciate it. let's hash through this. joining us now is cnbc's chief washington correspondent john harwood. co-anchor of "squawk on the street," we have kelly evans. and with us on the telephone is health care expert grace marie turner. she is president of the galen institute. i want to go to you first because, yeah, yeah, yeah, i'm sure the reporting requirements are a problem. but my view in at least 30 states, there was never any infrastructure to do this. and i wonder whether they shouldn't delay the entire program, not just the businesses, but also the individuals for at least a year, what's your take? >> well, you know, larry, this really is a house of cards. and once they start to pull one piece out, then you start to look at all the other things that can go wrong. individuals still have to p

pwc is earn your future and empowering leaders through financial responsibility.l screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. we used to live with a bear. [growl] we'd always have to go everywhere with it. get in the front. we drive. it was so embarrasing that we just wanted to say, well, go away. shoo bear. but we can't really tell bears what to do. moooooommmmmm!!! then one day, it was just gone. mom! [announcer] you are how you sleep. tempur-pedic. >>> welcome back to delivering alpha. it's a stock that had two of wall street's biggest heavyweights duking it out right here on "halftime" on live tv. today herbalife is on the move once again. josh lipton with the story from hq. >> hey there, scott. watching herbalife

it will be out a little later, on better note i want to welcome friends from pwc, learning for the futuregroup of kids, 40 kids here from inner-city schools, multiyear, multibillion-dollar project to help financial literacy. touched 400,000 kids so far. 10,000 teachers. over 91,000 hours of voluntary time so far. so -- dagen: tell them to wait, hey, jonathan, all to wave. >> everybody needs to wave. connell: hey, guys. how are you? dagen: hey, guys. connell: great topic too. >> that is awesome. appreciate it. take care. dagen: jonathan corpina. connell: that is cute. fbi faillng to update files, costing jobs. bad background checks. judge napolitano will tell us about it in a moment. dagen: and some winners today on the nasdaq. ♪ [ villain ] well mr. baldwin... it appears our journey has come to a delightful end. then i better use the capital one purchase eraser to redeem my venture miles for this trip. purchase eraser? it's the easy way to erase any recent travel expense. i just pick a charge, like my flight with a few taps, it's taken care of. impressive baldwin. does it work for hotels?

now, with that, pwc issued a report earlier this week saying that there is some hope.ntly hong kong stands as number four in terms of global funds raised from ipos, but we're looking to one ipo that is alibaba. it should bring hong kong back to number one in terms of ipos. reporting from macau, emily chan. back to you. >>> joining us from hong kong is dickey wong at wikingston securities. you say it is not that impressive. >> well, i would say not really bad. as a matter of fact, they have cut their offer by more than 60% and the public offer tranche were undersubscribed. it is still close at above the ipo price i would say. it is okay. in fact, there is more than six casino operators already listed in hong kong, the big guys, licensed player and for macau legend, a smaller player, and the only thing i would put my eye on is the redevelopment of the fisherman's wharf. this is a weird place for me. so definitely good for redevelopment. so talking about future plans, not earnings at this moment, not very strong earnings in the past two years. i think it is okay because a

pwc is doing something about that. . . >> welcome back, everybody. let's give you a quick recap.oldman sachs earned $3.70 a share for the second quarter. that was well above what the street was expecting. coca-cola, revenue and the case volume, those were below estimates. that's what people have been focusing on this morning. that stock is down in the premarket activity. coke's cfo is going to be joining us in a few minutes to talk about the quarter. we have a lot of questions for him. i'll send it over to you. >> thank you, becky. we are now obviously a day away from the delivering alpha conference. "squawk box" is doing the show from new york city tomorrow starting at 6:00 a.m. live. you can check out some of the morning lineup. our guest host will be staying. george chanos will be joining us and at 8:00 a.m. david mccormick. the partner of brimwater associates. jack lew will kick off the conference starting on "squawk" at 8:20 a.m. eastern time. in the meantime, kate kelly will be there all day as well. she has more on one of the conference's key players. >> one of the players