reed hastings is out.hey say netflix currently has 36 million subscribers alone could have 90 million world wide soon. over time. he points out that netflix has 9 million more subscribers than the largest cable company. now why does that matter so much first? we had thought apple would unveil a really robust product soon. i think what's holding it up, they only give up the name. i'm thinking that apple must be saying to itself, why not invest the xabl i cable companies entirely by buying netflix. in the meantime, microsoft has a new b-box next month. if microsoft were to buy it and integrate it more fully into the device, i think it would be electric to transform the microsoft portion people like so much, the entertainment device business into a much larger piece of pie. reduce windows' reliance. two things about the criticism of my thinking here, which is occurring with no res nant at jim cramer on twitter t. first thing is people think i have no right to say this thing without knowing it's happening. why

reed hastings was posting things on face book. sec said you can't do this.pecifically about his content licensing team and how, this is significant potentially stock-moving news. netflix monthly viewing exceeded one billion hours first time since june. he has been vindicated and cleared now and not in trouble for this. but elon musk started doing this as well. he was tweeting galore. saving things we had our first profitable quarter for tesla. thanks to you asome customers and hard work. that affected the stock. today i want you to listen in. i had the opportunity to talk to elon musk about this, i asked him a couple months ago, are you worried about that. here is what he had to say about today's developments. >> i'm making the right move and obviously it is 2013 and social media, not exclusionary social media as they point out is actually a very valid means of getting information out. liz: what isn't as we finish up, joseph an appropriate thing to post? would it be a ceo firing or earnings reports? >> well, you know there are certain postings that have to g

it just pure arrogance on the part of reed hastings to think they can come out with "sex and the citysopranos", the wire," all these shows, one after the other, which is what they have to do. "house of cards" was mildly successful. hemlock grove is getting awful reviews. and arrested development, you know, it is not going to be the second coming. it is expensive for them to do this. expensive for them to do everything they do. international xangexpansion, do their own programming. what that tells me and this is no secret to those of us that cover the company closely, they're not going to be able to charge $8 a month forever. they're burning cash. and these content providers aren't going to give them premium quality stuff when they're only charging $8 a month for it. it dilutes the premium nature of their programming, so they won't continue doing it. we saw that with stars a couple of years ago. i love netflix. i know a lot of people watching do. expect to pay more for it in some way, shape or form really soon. >> all right, rocco, thank you for the advice, i appreciate it. >> thank yo

otherwise reed hastings is going to take the stock up much higher himself. stick with cramer.witch your car insurance to geico and we could help you save on boat and motorcycle insurance too. other insurance companies are green with envy. oh, no, no, no...i'm sorry, but this is all wrong? i would never say that. writer: well what would you say? gecko: well i'd probably emphasize the savings. ya know...lose that green with envy bit. rubbish. it's just a reference about my complexion. writer: but the focus groups thought that the... gecko: focus groups. geico doesn't use focus groups. uhh...excuse me. no one told me we were using focus groups. vo: geico. fifteen minutes could save you fifteen percent or more on car insurance. i did? when visa signature asked everybody what upgraded experiences really mattered... you suggested luxury car service instead of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i travel a lot and umm... [ male announcer ] at visa signature, every upgraded experience comes from listening to our cardholders.

ceo reed hastings posted that netflix members watched 4 billion hours of video in the past 3 months. new federal rules allow corporation to use social media to keep investors informed. and here's a nibble of freebies availble on tax day....cinnabon bites. curly fries at arbys and free small popcorn at amc theaters starting today through monday. a very busy trading day. tim mulholland of china america capital joins us now. tim, good morning to you. > >good morning. > >we've been talking this week about earnings coming in from wells fargo and jp morgan, but how significant overall do you think the numbers will be to the market? > > other than for maybe a trade, i really don't think that's what the real focus or impetus of this rally is right now. because i think the real impetus behind this rally is what the fed's doing with their quantitative easing and zero interest rates. and i think that's the real story i think the market's focused on. so any setback whether it be a weak employment report like last week. or whether it be weaker economic data will use that as a setback to buy becau

the case comes after netflix reed hastings bragged that monthly viewing had surpassed a billion hourse appreciate the s.e.c.'s careful consideration and resolution of this matter. tough news for analysts paid to reap ten q's. >> just get the twitter feed. >> reed hastings getting it done that misstep was a bit of a misstep, but he is on fire now. and jc today, didn't he say microsoft should gobble up net netflix? if you sell netflix short here, i think you do it at your own peril, jane. >> finally, he may be spitting on his neighbor, walking around with his pants on the ground, driving too fast and now owning a monkey. and no, i'm not talking about guy. but justin bieber hasn't completely lost it yet. he tweeted an invitation to fans to call him and gave out a phone number. it was the number for tmz. so those hoping to talk to the teen heartthrob instead got harvey levin, baby, baby, baby, ouch. >> that's pretty crafty of the biebs. i got to take my hat off -- no, i'm not taking my hat off. >> play him in your car. i was driving with you the other day. >> we were rocking it out. you h

otherwise reed hastings is going to take the stock up much higher himself. stick with cramer.evolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. of mild to moderate alzheimer's disease is exelon patch. now with more treatment options, exelon patch may improve overall function and cognition. your loved one can get a free 30-day trial. and you can have access to nurses. it does not change how the disease progresses. hospitalization, and rarely death, have been reported from wearing more than one patch at a time. the most common side effects are nausea, vomiting, diarrhea, fall, loss of appetite or weight, application site redness, and urinary tract inf

the ruling stands from a posting by netflix ceo reed hastings.ast year on his facebook page, the company said it had surpassed one billion viewer hours per month at the time. the monthly jobs report, the big kahuna the markets have been waiting for. what does the number tell us about the economy and where we are and the impact it has on your portfolio. joining me right

no charges were brought up against reed hastings.ec getting on board with what we have known all along. people are sharing information on twitter and facebook. connell: shibani, thank you very much for that. representatives from seattle and new york are here today. the group from seattle includes steve ballmer, the microsoft ceo. the mayor of the city. the fate of the kings will be decided by the board of governors in a few weeks. dagen: the owners of the palms casino in las vegas. tv viewership. if you have a college degree, you probably are not watching much tv in the morning. according to a new study, household run by college graduates watch just the eight minutes of morning television versus an hour and 15 minutes. connell: what does it mean for us bush and mark. dagen: i do not know. an awful lot of hedge fund managers and workers that live in the new york area listen and watch imus. you start in front of the tv and then you listen in the car. connell: we will look at tells new hybrid device with our friend walt mossberg. he has

. >> got some good news here, reed hastings not going to face charges from the sec. we also saw downgrade for -- this is a stock that the valuation is very hard to get your arms around. if you're looking at how much you pay on a subscriber basis, personally i'd stay away from it still. >> the xbi, did great. of course they're going to go up and they did. but we're hanging on. >> got a pop here for rider. >> this is one of those named that's been a favorite. it's up and it needs to stay above $60. you spread out the long-term chart, this has resistance in it. so in order to stay in the trade, it's got to stay above 60 if you're low. >> pop for yahoo. >> topped about it top of the show. i think analysts are going to raise numbers especially if earnings release is to the upside. i like it still. >> josh? >> this is a new low going back to july of 2009, new mont outperforms the stock market and they're gold related and they underperform gold. i'm not sure i'm interested in diving down for it. >> and a pop for parking. two brothers in england have mastered the fine art of

the case actually dates back to netflix, posting by reed hastings, to bragged on facebook that netflix had just reach a billion hours viewed. good financial news, but hastin hastings violate some sort of trading rule because he told facebook users before he told the rest of the world? hastings said that question was ridiculous because he has 200,000 follower on facebook, many are reporters and analysts and, therefore, it is just like telling the whole world. sec this morning agrees, though it says you should warn your investors you might tweet or post your business findings. >> bertha coombs is live at cnbc headquarters. good morning, bertha. >> good morning. i tweet stuff all the time, as do you, i know. futures are pointing to a higher start after stocks posted decent gains on tuesday. dow and s&p 500, both closing at new all-time highs. health care was the leading sector, leading the way after the government decided to hike medicare reimbursement rates. we'll get data in just a minute, literally, 60 seconds on private sector jobs from adp. last month they reported 198,000 jobs creat

reed hastings took advantage to announce on facebook that netflix streamed 4 billion hours of film in the first year. an analysts has looked at those numbers, 4 billion hours means netflix gets as much viewership as a top tier cable channel. if it were a cable channel, it would be equivalent to the disney channel. we have always known netflix was gobbling up band wwidth. you have to wonder how much longer cable companies are going to put up with this and whether they legally have to. that will be a battle i think we are going to see a lot of. >> there are a lot of couch potatoes out there. >> fourth, house of cards is awesome. >> that probably helped build those numbers. we best stop at four. >> let's. >>> talking about governor jerry brown, he is turning to china to push california's high-speed rail project. the governor got a first-hand look at the world's most expensive and extensive high-speed rail system. boarding a bullet train from beijing to shanghai yesterday. it is similar to the one he wants to build in california. he is hoping to attract chinese investors to help fund t $6

you get visionary ceo reed hastings, too.be worth billions of dollars in vision alone, if you can lock him up. of course this is all hypothetical. nobody's expressed one iota of interest in buying netflix. but if microsoft wants its groove back, if it ever had one, make the bid happen for netflix instantly. stick with cramer. >>> all right. i'm not talking enough about north korea, and one of the reasons is because that regimes is nuts and it's very hard to gauge. but i am actually focused on it every minute. why? because when they're that crazy, you ju

this case dates back to a facebook posting by reed hastings, netflix ceo who bragged netflix had juston hours viewed. good financial news, but did hastings violate some kind of insider trading rule because he told facebook users before the rest of the world? he says that question was ridiculous because he has 200,000 followers on facebook, many of them reporters and analysts and, therefore, that is like telling the whole world. the sec this morning agrees. >>> finally, cisco systems has announced it's buying a european company, which helps patch together all your cell phone connections, wi-fi, 3g and 4g. here is the name of it. >> what? >> ubiquisys. >> looks like somebody's scrabble. >> it's a million points on scrabble. you're exactly right. ubiquisys. >> that was my first -- >> magic ring to it. >> known from here on out as cisco. >> i'll play scrabble with you any time. >> scott, thanks a lot. >>> if you happen to be in the market for a nice little spread, lake tahoe waterfront, main house and two guest houses -- that's right, two guest houses sit on more than two acres of propert

you get visionary ceo reed hastings, too. he might be worth billions of dollars in vision alone.. of course this is all hypothetical. nobody's expressed interest in buying netflix. but if microsoft wants its groove back, if it ever had one, make the bid happen for net nix instantly. stick with cramer. >> tonight, general wesley clark on the continued escalation with north korea, the president's push to get banks to lend money for homes, people with weaker credit, and with more background checks really help solve the problem of gun crime? all coming up on "kudlow" tonight. companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even

last year's ceo, reed hastings posted a bullish statistic on his personal facebook page.he stock went up 6% so now this is fine as long as investors know where to look. >>> president obama wants to spend $100 million on new research of the human brain. the funding will come from his 2014 budget, which will be released next week. the hope is that the research could eventually lead to cures for alzheimer's and other brain disorders. >>> a couple of sports stories now. the coach of florida gulf coast is cashing in on his team's cinderella run in the ncaa tournament, and hissed old salary, $157,000, his new salary reported to be more than $1 million. >>> and yankees' second baseman robinson canoe has a new agent, jay-z. it will be called rock nation sports. it's an arm of the well-known creative arts agency, which we know in the media world as caa. >> right, building an empire there. never stops. what do you think about this decision by the s.e.c. seems like if somebody is going to post something on facebook, it's good enough that investors know about it? >> i think the s.e.c

. >> this all came up, you may remember, when netflix ceo reed hastings got into some hot water last summer, in july, after posting monthly viewership results on his facebook page rather than in an s.e.c. filing or as part of a news release. >> the s.e.c. says that hastings is now in the clear. warren buffett does not agree. his business wire firm, which puts out press releases and regulatory disclosures, has some real concerns about this new ruling. joining us right now to talk about it is the president and ceo of business wire, kathy baron tamraz. thank you so much for joini ini us. >> nice to be here. >> help us understand and your reaction to the s.e.c.'s decision for companies using social media to communicate company announcements. do you believe it's not as big an audience to warrant such a disclosure? >> well, today, i mean, i think 12% of internet users are on twitter today, so it's pretty small. we embrace social media. we've got 61 twitter feeds, and we see it as a real compliment to the wire, but as far as a stand-alone, it really doesn't compare to the push distribution

reed hastings is knocking the ball out of the park. >> you weren't lucky.hat was very, very smart. >> i can put it that way. then i get all the haters coming after me. i would rather say i was lucky. >> you wouldn't short it? >> i wouldn't short it but i think it's falling. i would wait. >> this company would make a great fit for a lot of large companies out there that have the ability to buy them. i don't think you'd ever want to be short this name. >>> let's hit the biggest pops and drops in midday trading. a pop in log me in. 23%. dr. j, what's going on? >> well, this is one of those companies that lets you take over your pc remotely. citrix getting hurt because these guys are doing it right. and they get a cowan upgrade as well. >> i think that name is soç funny. a drop in expedia of 9%. pete? >> questions about some of the potential growth from this point forward. hotwire is another one of the issues. on this pullback, you can still be patient for a couple of days. this hit some incredible valuations. i still think you can get cheaper. >> a pop in dr

. >> robert frank was on set and we were talking about reed hastings' net worth during the commercialne for his household? you talk about a house of cards. in the fall of 2011 f you look at his wealth at that point when the stock cratered, it went from around $800 million to $200 million when the stock crashed and everyone thought this company is dead and reed hastings will never get to be a billionaire. lo and behold he is now back to around $600 million and plus he has sold off shares throughout the program selling over the past five years. so that's hundreds of millions in addition to that. so add the 600 million plus the hundreds of millions, he's probably close to where he was on the peak. >> just to end on the volatili y volatility. we're talking, in december, this was a $60 stock and it was down from 400 and so much emotion plays from here. we have a $200 price target, bt again, what about the idea that some, we could get higher spending and emotion seems to play a significant role in the movement of this stock. >> that's my -- the hardest problem i have with it is the volatili

i know reed hastings turned out to be. trouble for posting on twitter and now he turns out he was a bean ear. >> it's true. and it makes sense. the sec says as long as you make your investors aware that you are, in fact, potentially going do it. >> that means everyone will have a face book account if you're going to own stocks. >> this is a national act and how information is disseminated in the world. so it makes perfect sense that in fact, you would be allowed. >> better than the corporate pr wire. there's a billion people looking at the wire. >> i know one of the sec guys said it was an interesting comment, right? they would look at the sec website. they all go to facebook. >> can you tweet, this would be an upside surprise? can you tweet that? is that okay? >> no. i'm sure we'll be wrestling with that question for the next two years. >> how about buy my stock, is bms. that's what it stands for. vodafone down 2.5%. yesterday we discussed this strange story and we were somewhat skeptical. in britain the uk laws even when

opened an inquiry into a facebook post made last july on the personal page of netflix ceo reed hastings and wasn't even an earnings report. it was just about how many s subscribers they had or something and the agency investigated whether -- it was views. it hit 1 billion hours viewed in june and whether that violated a rule that requires important information to be disclosed to everybody at the same time to all investors at the same time. talked about a press release. more people probably saw the way he released than they would on a press release. we'll talk more about the issues of company using social media with a number of corporate leaders this morning including a very sociable guy. autonation ceo mike jackson. >> who does tweet by the way. he has a twitter account. >> he does. i saw you retweeted something yesterday. >> that he was excited to come on the show today. >> i thought about retweeting it and i tried to do it. >> can't hit the button. >> i don't know. i may have done it. maybe not. also former "playboy" chairman and ceo christie hefner leaning in 20 years before they tho

reed hastings at netflix put on his own facebook page information. places for people to check. that does not necessarily mean that all 20 places have the same information. liz: t. go to the government website. ashley: interesting. thank you. tracy: coming up, exchange fees. another airline dropping something that many flyers will miss. ashley: it is time to check the ten and 30 year treasuries on this friday. we will be right back. ♪ friday night, buddy. you are gogonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. ♪ >> i am lori blackman with your fox business brief. president obama is preparing for his trip to central america next week. today's meeting at the white house will include procter and gamble ceo and ceo of -- confidence pushing shares of jcpenney's higher. subaru of america recalling more than 10,000 vehicles to replace a carpet format. it is always

the decision stems from a probe last year into a facebook post by netflix ceo reed hastings on his personalacebook page he announced netflix's online views topped the 1 billion mark but they didn't disclose the information in a filing. hastings claim the news wasn't material but s.e.c. said it was and netflix shares jumped in the day after his announcement. the agency said they didn't take action against hastings or allege wrongdoing. the federal trade commission upgraded guidance issued back in prefacebook and twitter days to deal with dotcom. consumer protection laws apply across all media whether ads are delivered across traditional print or broadcast media, on approximapcs or mobile devices. you have 140 characters on twitter and in some cases you can put a link that will take you right to some possible relevant disclosures. the one click away rule. they won't allow that when it comes to drugs. the drug advertising usually has to have all of those disclosures of side effects and things like that. hard to do that in a twitter tweet and certainly one click for some people might not be eno

seo reed hastings may now be able to squeeze more profit from his 33.3 million customers by tighteninghose policies are boosting prices. as many as 10 million people are watching the on-line video servers without paying according to analysts. netflix options include limiting the number of people or computers that a share one account or charging extra for example to let a college student in another town used his parents' account. the los gatos based company right now has no restrictions on the number of pcs, tablets or phones that can use one account or the number of people who consigned and that lets each account to plane to video streams simultaneously. >> res with his own says she is deeply embarrassed about what she said to police officers during her arrest friday morning in atlanta. the senate 37 year-old actress was arrested for disorderly conconduct after a state trooper said she would stay in her car while her husband was given a field sobriety test. what is the one on to say to the trooper, do you know my name? she also said you're about to find out who i am and you're about to

i want to see some reed hastings and underpromising and then blow me away. my takeaway from netflix, how can can i not be watching "house of cards" and i'm not missing "arrested development" and that's all there is to it. do you remember when "the sopranos" came out? all of a sudden, i have to get hbo. i have to pay up because you come in on monday and everyone had "the sopranos." what do i do? i guess i have to subscribe. i feel the same way. >> you and i were both watching "the wire." they did the program that was cerebral that people now watch. >> and alpha house, the new series from amazon is going to work. >> amazon doesn't like to be bested. >> i like to see apple be feisty. >> you like to see them watch something big. >> it's okay to buy someone who is better than you are. the really great people go and buy a company that's better than they are and say, help us, they are -- excuse me. a lot we haven't covered here. we haven't explained why you're having mcdonald's. >> because it's darn good. >> we'll reinvent their breakfast lineup and we'll talk abou

if they have an alternative, whether it's reed hastings.able industry and saying why don't we have a wholesale retail operation as opposed to being adversaries? and all the sudden cable is distributing and promoting stuff that doesn't have a lot of sports on it. right? >> right. >> and so the cable guys see the revenue has gone up over here. maybe it's a bundle. netflix with cable, right, with video. and over here you see the video, the traditional video package starting simon, this will happen, and it is, in fact, a very important conversation that takes place all the time in the media world. if you are paying an enormous amount to a sports network and then passing that along in subfees, you have to start to wonder is that sustainable? when your audience has the opportunity to choose other means of putting together their bundle. >> the cable companies and the sports operators need each other. >> if you have 08% of households that don't want to pay for sports at all, and then you have a meaty package that can be delivered over the top, mean

sometimes the top guy matters so much, reed hastings. >> it brings us to the show on friday, of courseyum, but mcdonald's in this case. we'll talk to don thompson live, of course, about not just the consumer and the global economy, but the pipeline over there. whether or not they're taking or losing share. the stock, of course, up 13%. very special squawk on the street takes place at 9:00 a.m. friday morning. >> people do not understand. i know they make burgers, but this is the engine of the economy. it's what we do great and we should celebrate it and i'm glad you're going. >> when we come back, the need for speed. cramer getting ready to put you on the fast track toward profits in his mad dash. >> futures here a little meddling. we'll see what happens on a wednesday morning. a lot more "squawk on the street" from the nyse straight ahead. but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having with our rear brakes, she immediately triaged the situation, knew exactly what

reed hastings put out these numbers, the hours of streaming. >> yes. >> it's a brilliant business mod right and everyone is always worried that they'll run out of money. i have to tell you, i'm not worried. >> they say they're the earning call, if not the better of any cable network in term of hours watched. so the most watched cable network is what you would compare it to. >> incredible. out of nowhere. >> with pricing that some say judging by hours watched per month is still a bargain, compared to cable. >> i have to be able to pay more. it's another one of my bills that i don't each notice it. i did suddenly deal with verizon and found out that as a family i was dramatically overpaying, but you just layer on, layer on, layer on and netflix is a relative bargain given how much i'm on it. >> chipotle reports on thursday and you didn't get to cover it on the mad dash. easy compares coming chipotle. you do not forget, this low cost store that you will hear over and over about. the raw cost of commodities are coming down hence why panera had a 52-week high. these companies are a compila