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Mar 30, 2015
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robert frank knows, and he knows all about the secret lives of the super rich. e details, robert. >> this is a high-end resort community with where all the millionaires are packing. secret lives of the super rich got an exclusive tour of pine creek and okeechobee florida, where membership costs millions and the only thing more expensive than the mansions are the gun collections. check it out. >> rich people who love to ski buy homes in aspen. wealthy yacht lovers buy places in miami. super rich people who love to shoot guns buy in okeechobee. we're getting rare access to pine creek. an exclusive 2,500 acre community for gun lovers. everyone who buys a home here is packing. the couple choppering in from palm beach is steven myers and his wife joanna. myers is the developer behind pine creek. >> bam. >> he shoots here sells property here and spends weekends here on his $5 million 40-acre ranch. pine creek is run like a five star country club. >> they have massages. all the things that you want from a highend club. they even have after your shooting, staff that come
robert frank knows, and he knows all about the secret lives of the super rich. e details, robert. >> this is a high-end resort community with where all the millionaires are packing. secret lives of the super rich got an exclusive tour of pine creek and okeechobee florida, where membership costs millions and the only thing more expensive than the mansions are the gun collections. check it out. >> rich people who love to ski buy homes in aspen. wealthy yacht lovers buy places in...
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Mar 23, 2015
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robert frank is here to explain why anyone would do this. >> this was crazy, brian.ook their super cars as fast as they could around a snow track groomed like a ski slope. take a look. you'd have to be a little bit crazy to take at least a $200,000 car out in the snow and ice. >> the car is there to drive, and it does very well in those conditions. so i just do it. >> two things most people don't realize about lamborghinis. first, you can put snow tires on them. these are fitted with studs for extra traction. and, second, lambos are all-wheel drive super cars. >> newer lamborghinis are as easy to drive as a four-wheel drive pickup truck. >> along with the hurricane clients also raced a half million dollar car. i raced one around the track antd didn't go quite as fast. you will see one crash into a snow, crash into cameras. crazy video. >> good stuff and speaking of tomorrow night, robert thank you, the new season of "secret lives of the super rich" premieres tomorrow at 10:00 p.m. right here on cnbc. what do you got tonight on "fast money." >> you know, brian, the "f
robert frank is here to explain why anyone would do this. >> this was crazy, brian.ook their super cars as fast as they could around a snow track groomed like a ski slope. take a look. you'd have to be a little bit crazy to take at least a $200,000 car out in the snow and ice. >> the car is there to drive, and it does very well in those conditions. so i just do it. >> two things most people don't realize about lamborghinis. first, you can put snow tires on them. these are...
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Mar 23, 2015
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robert frank was invited in and he tells us of all the jewels he saw there.you would you like to come upstairs. there you will find $3 million necklaces and a watch that's so expensive, graft decided to call it the hallucination. this necklace what would the price be? >> $3.7 million. it has 151 carat emerald in the center. >> but this one of a kind necklace seems affordable compared to this. >> it's the most expensive watch in the world. >> it's called the hallucination. >> the watch with 110 extraordinary fancy colored diamonds. that watch is $55 million. >> have you had anyone make an offer for that watch? >> absolutely we have yes. of course. >> but you haven't sold it yet. >> not yet, but i'm sure we will very soon. >> i'm sure they will. and they had a broach with a 20 carat blue diamond that sold for $120 million just for a broach. you can see more bling and secret rooms where only the super rich are allowed on "secret lives of the super rich" tomorrow night at 10:00 p.m. eastern. back over to you. >> clearly i don't play in this circle, but -- so some
robert frank was invited in and he tells us of all the jewels he saw there.you would you like to come upstairs. there you will find $3 million necklaces and a watch that's so expensive, graft decided to call it the hallucination. this necklace what would the price be? >> $3.7 million. it has 151 carat emerald in the center. >> but this one of a kind necklace seems affordable compared to this. >> it's the most expensive watch in the world. >> it's called the...
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Mar 30, 2015
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and the secret lives of the super rich with robert frank.sive listings in america. $195 million for this home in beverly hills. we'll peek inside later on "squawk box." >>> let's take a look at some stocks to watch this morning. united health buying pharmacy benefits manager catamaran for $61.50 a share or $12.8 billion. nike, the dow component. boom. again. i got united health and nike. upgraded to out perform from neutral. they call the stock reasonably valued for one of the highest quality large cap growth companies that's in the consumer discretionary sector. and oracle was upgraded to out-perform from sector perform at rbc. the firm points to a more confident view on the company's cloud-based growth future. >>> when we come back protests in indiana. a controversial decision over religious freedom has some residents and corporations crying foul. even apple's tim cook is speaking out. and the iran nuclear talks coming down to the wire. but the devil, of course is in the details. can both sides iron out a deal by tuesday's deadline? we'll
and the secret lives of the super rich with robert frank.sive listings in america. $195 million for this home in beverly hills. we'll peek inside later on "squawk box." >>> let's take a look at some stocks to watch this morning. united health buying pharmacy benefits manager catamaran for $61.50 a share or $12.8 billion. nike, the dow component. boom. again. i got united health and nike. upgraded to out perform from neutral. they call the stock reasonably valued for one of...
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Mar 5, 2015
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robert frank will have that story for us. robert?ets you only 183 square feet in the most expensive city in the world. it gets you more than 2,000 square feet in the cheapest. we'll tell you where they are and which cities have been the best raems investment. >>> i'm karen nyberg and i get paid for this. >> three, two, one, zero. liftoff. >> what it takes to be an astronaut, coming up on "power lunch." it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. i'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 uni
robert frank will have that story for us. robert?ets you only 183 square feet in the most expensive city in the world. it gets you more than 2,000 square feet in the cheapest. we'll tell you where they are and which cities have been the best raems investment. >>> i'm karen nyberg and i get paid for this. >> three, two, one, zero. liftoff. >> what it takes to be an astronaut, coming up on "power lunch." it's a fact. kind of like mute buttons equal danger. ...that...
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Mar 25, 2015
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robert frank has the details.u think stocks are expensive, though not today, take a look at picasso's. christie's announce this 1955 painting by picasso called la femme, estimated around $140 million. it could be the most expensive piece of art ever sold. the current record holder is that francis bake oen sold for $142 million. this picasso is regarded as one of a handful of his greatest masterpieces. christie's calls it the greatest picasso still in private hands. get this it was sold in 1997 by terrorististy's for $31.9 million. if it trades for $140 million, it will have more than quadrupled. he was it is second top selling artnist the world. sales much 449 just behind andy warhol and ahead of francis bacon. we'll see if he breaks the bacon record next year. >> do we know who the seller is? >> we don't. we sort of know -- we suspect who bought it in 1997 but this could have traded many hands sense then. >> privately. >> and you see a lot of pictures now flipping every couple of years for two, three times what t
robert frank has the details.u think stocks are expensive, though not today, take a look at picasso's. christie's announce this 1955 painting by picasso called la femme, estimated around $140 million. it could be the most expensive piece of art ever sold. the current record holder is that francis bake oen sold for $142 million. this picasso is regarded as one of a handful of his greatest masterpieces. christie's calls it the greatest picasso still in private hands. get this it was sold in 1997...
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Mar 30, 2015
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robert frank thank you very much for that breaking news.let's send it over to dom for a quick market flash. >> a rally here on wall street. shares of gnc you can see here are up. nutritional supplements is agreeing to quality control procedures that exceed those required by federal law. that new agreement will be formally announced by new york state attorney general eric schneiderman in about an hour from now. as a result shares up by nearly 7% in the early trade. back over to you. >> all right thanks so much. oil prices falling as the looming deadline approaches for talks on iran's nuclear program. while supply disruptions due to saudi air strikes in yemen look increasingly unlikely. what will it take to get oil marks back on track? joining us is fadel gheit. good to talk to you again. we have a lot going on all around the world and it's buffetting prices anew. what's the stronger dynamic, yemen or iran? >> well basically yemen because it will impact supply. the iranian situation is not going to impact supply in the near-term. longer term
robert frank thank you very much for that breaking news.let's send it over to dom for a quick market flash. >> a rally here on wall street. shares of gnc you can see here are up. nutritional supplements is agreeing to quality control procedures that exceed those required by federal law. that new agreement will be formally announced by new york state attorney general eric schneiderman in about an hour from now. as a result shares up by nearly 7% in the early trade. back over to you....
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Mar 23, 2015
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robert frank goes on the secret mission.s "squawk box." >> welcome back to "squawk box" here on cnbc first in business worldwide. i'm becky quick with joe kernen. andrew is off today. joining us now for the remainder of the show is scott sperling. great to see you. >> thank you. >> we have lots and lots of talk about because we haven't seen you in quite a while. before we get to that, let's look at the futures this morning. at this point, things have turned around for the dow. it was down by about 55 points at the low levels this morning. the s&p futures are relatively flat and the nasdaq is too. this is coming after some ups and downs last week but ending things on a strong note on friday. in europe right now in some of the early trading, you can see there's still weakness when it comes to the cac in france. the dax in germany down 1%. and in greece that market up by just over 2%. >>> here's what's happening right now. goldman sachs sees no bubble trouble for risky assets like stocks. at least not yet. but the firm's chief
robert frank goes on the secret mission.s "squawk box." >> welcome back to "squawk box" here on cnbc first in business worldwide. i'm becky quick with joe kernen. andrew is off today. joining us now for the remainder of the show is scott sperling. great to see you. >> thank you. >> we have lots and lots of talk about because we haven't seen you in quite a while. before we get to that, let's look at the futures this morning. at this point, things have turned...
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Mar 2, 2015
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and incidentally robert frank will have more in the next half hour on that. >>> coming up on "closingiller. there he is. that's your cnbc news update this hour. back to you, mandy. >> wonderful. thank you very much sue. >>> let's take a look at what precious metals are up to. gold prices are closing right now, and feeling the highest in nearly two weeks this morning after the rate cut in china, which is the world's second largest gold market. flip up the board. we're just closing to the down side, though. we're at 1,208 some of the metals we watch. silver to the down side like gold, but copper pulladium and platinum. >> nasdaq hitting 5,000 for the first time in 15 years today. right now a little bit below that off by about, oh off to the 50,000 mark by about 15 points. let's go to nasdaq and bertha following the big movers. >> hi tyler. one of the biggest movers today is nxp on its big deal for free scale semithat's worth $12 billion. it's at a hue new high, and stocks today are strong, and we're seeing the nasdaq hit 5k even without apple hitting a new high today. one of the things
and incidentally robert frank will have more in the next half hour on that. >>> coming up on "closingiller. there he is. that's your cnbc news update this hour. back to you, mandy. >> wonderful. thank you very much sue. >>> let's take a look at what precious metals are up to. gold prices are closing right now, and feeling the highest in nearly two weeks this morning after the rate cut in china, which is the world's second largest gold market. flip up the board....
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Mar 13, 2015
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robert frank has the details on that story. hey, robert. >> hey sarah. this is likely the biggest art scandal of the year and could involve billionaire art collectors. yves bouvier was arrested last month in monaco. the authorities are not saying much but the case involves art sold by bouvier to dmitry dmitry ribiliev. what he didn't know is that the hedge fund billionaire sold the piece to bouvier got it for $93 million. so he made $20 million despite sales documents that showed a much smaller fee. this could go much further than beyond bouvier and ryboulivier. rich collectors store hundreds of billions of dollars of art here. there is no custom tax for art going into these things no sales tax for art sold there. bouvier has become a major dealer buying and selling arts. they're looking into money laundering and tax fraud. his office declining comment. in an interview in january he's solving a market need. clengtors have a problem. they buy too much and they have more space at home for one but they buy ten. problem we'd all like to have tyler. >> these
robert frank has the details on that story. hey, robert. >> hey sarah. this is likely the biggest art scandal of the year and could involve billionaire art collectors. yves bouvier was arrested last month in monaco. the authorities are not saying much but the case involves art sold by bouvier to dmitry dmitry ribiliev. what he didn't know is that the hedge fund billionaire sold the piece to bouvier got it for $93 million. so he made $20 million despite sales documents that showed a much...
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Mar 3, 2015
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we're going to be talking about luxury with robert frank in a bit.xury name plates did last month. it's a little all over the board. lexus and acura leading the way. that cadillac number that is a brand that is being restructured by gm. it was left to wallow for a number of years. they've got to go back to ground zero. they're in the process of doing that. leasing deals are what was driving all of the luxury sales last month. but remember, january and february, those are really the off-season for luxury dealers. they're not pushing the big marketing campaigns in the first couple of months of the year. that's why when you take a look at shares of daimler benz keep this in mind the really big sales for the luxury market that doesn't kick in until the summer and really in the second half of the year. so that's really the foy cusscus for the luxury market. >> thank you. now let's bring in rocketbert frank. when we say fancy cars we're talking -- >> a couple levels above phil's mercedes there. we're going to call it gone in three seconds. the latest weapo
we're going to be talking about luxury with robert frank in a bit.xury name plates did last month. it's a little all over the board. lexus and acura leading the way. that cadillac number that is a brand that is being restructured by gm. it was left to wallow for a number of years. they've got to go back to ground zero. they're in the process of doing that. leasing deals are what was driving all of the luxury sales last month. but remember, january and february, those are really the off-season...
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than $65 million a month, which works out to more than $2 million a day, and that's after taxes, robert frankth the big reveal. robert, drum roll please what can you tell us? >> ken griffin, the founder of cidel. he's battling his wife over the terms of their divorce. in a recent filing she said ken's income is more than $100 million a month or $68.5 million after taxes. that's $2 million a day or around $91,000 per hour. spokeswoman for griffin declined comment, this is all part of a dispute over child support. ann is asking for a million dollars a month in child support. ken says that's excessive and includes things like private jets $450,000 vacations and $6800 a month for groceries that are mainly for what he calls, ann's op ewe lant lifestyle. it's what they spent during their marriage and illinois law requires child support to match the family's spending during their marriage and her filing diaz admits quote, it's a silly exercise to pretend that day-to-day living expenses even remotely is the norm. typical american families do not have a father with a net monthly income of just shy of
than $65 million a month, which works out to more than $2 million a day, and that's after taxes, robert frankth the big reveal. robert, drum roll please what can you tell us? >> ken griffin, the founder of cidel. he's battling his wife over the terms of their divorce. in a recent filing she said ken's income is more than $100 million a month or $68.5 million after taxes. that's $2 million a day or around $91,000 per hour. spokeswoman for griffin declined comment, this is all part of a...
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Mar 31, 2015
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on "secret lives of the super rich," robert frank found a guy who flips yachts and you won't believe names them. ♪ >> for the super rich, a yacht can be the single most extravagant expense on the planet. most owners only spend three or four weeks on their yachts then lose money when they sell. but he buys and sells yachts like people flips houses. he makes money before he unloads them by chartering. >> my last boat we made very good money. we made over 2 million bucks after paying expenses. >> and it costs a hefty sum to maintain a 200 foot yacht. between staff, the fuel, the docking, and the insurance, it can cost $2.5 million a year just to keep it afloat. what is your usual time that you start to get tired of a boat? >> probably two years. my new boat's going to be 237 feet. actually going to be called skyfall. >> and how much will that new boat cost to build? >> somewhere around $60 million. >> skyfall is currently under construction in italy. scheduled for delivery in the next couple of years. but most of the details are for his eyes only. >> and that was just a small taste of w
on "secret lives of the super rich," robert frank found a guy who flips yachts and you won't believe names them. ♪ >> for the super rich, a yacht can be the single most extravagant expense on the planet. most owners only spend three or four weeks on their yachts then lose money when they sell. but he buys and sells yachts like people flips houses. he makes money before he unloads them by chartering. >> my last boat we made very good money. we made over 2 million bucks...
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Mar 4, 2015
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robert frank is a pediatric infectious disease specialist. he says research shows it is safe to give multiple vaccines on this schedule at each visit. if a new one is added to the schedule, it too, is tested alongside the others. >> and so we know that before the vaccine has ever been licensed that it's ok to give with the other vaccines. >> but, according to this report just released nearly nine out of 10 pediatricians have recently been asked especially when parents have kids not yet 2 to spread out the vaccine schedule. most said they were concerned about side effects not supported by research such as autism or an overload to the body's immune system. >> so if a parent has concerns though, about giving multiple shots at one time, what's the harm in spacing those out? >> they can handle tons of antigens at one time. there's no science to show that they overload the immune system. >> research shows most often when kids don't follow the schedule recommended, they won't finish the vaccine. that puts not only those children but others at risk f
robert frank is a pediatric infectious disease specialist. he says research shows it is safe to give multiple vaccines on this schedule at each visit. if a new one is added to the schedule, it too, is tested alongside the others. >> and so we know that before the vaccine has ever been licensed that it's ok to give with the other vaccines. >> but, according to this report just released nearly nine out of 10 pediatricians have recently been asked especially when parents have kids not...
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Mar 13, 2015
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robert frank is back at headquarters with a closer look for us. >> hey, kayla.classic cars up 140% over the last five years and 487% for the last decade making them the top performing collectible, but are prices rising too fast? we're going to get answers today with the big auctions in amelia island, florida, they run throughout the weekend. the three auctions expected to total $95 million this year. that's double last year's total ferraris lead the race as they always do. this 1960, 400 super america could sell $7 billion but the real signs of froth in the lesser collectible brands like portia and massarotti. at least four porsches that could sell. porsche is a less mass produced car not as rare as ferrari. the star of the weekend may also be the biggest sign of a bubble, there it is, 1956 massarotti 200 si. it won a lot of races in the 1950s and driven by the great sterling moss, the formula 1 driver from that time. this car sold at auction in 2010 for 2.6 million. the owner is flipping it this afternoon. it could sell for between 5 and 10 million. that's doub
robert frank is back at headquarters with a closer look for us. >> hey, kayla.classic cars up 140% over the last five years and 487% for the last decade making them the top performing collectible, but are prices rising too fast? we're going to get answers today with the big auctions in amelia island, florida, they run throughout the weekend. the three auctions expected to total $95 million this year. that's double last year's total ferraris lead the race as they always do. this 1960, 400...
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Mar 31, 2015
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robert frank is here with a look.ss we already got a sneak little peek at this gold bike. >> the rolling bling. gold prices may be soft, but demand for gold drinking strauz and gold tooth picks rising. we caught up with gibson gold in beverly hills, of course, to see his masterpiece, the half million dollar gold mountain bike. check it out. >> there's nothing hugh power won't turn to gold. >> shoe laces. straws. >> i'm wrapping up a pair of chopsticks. >> his latest show piece? this half million dollar mountain bike made with 24 karat gold. the chain, the spokes, the gears, even the pedals all covered in gold. what hugh calls a few extra touches. >> the emblem is an extra touch. 600 yellow sapphires. >> the seat wrapped in alligator skin, plus, the most expensive bike in the world includes a very fancy water bottle. of course, it's made of gold. and wrapped in sting ray. >> everyone needs a gold sting ray water bottle, right? for your gold bike. >> i can't believe the demand for gold tooth picks and whatever else is a
robert frank is here with a look.ss we already got a sneak little peek at this gold bike. >> the rolling bling. gold prices may be soft, but demand for gold drinking strauz and gold tooth picks rising. we caught up with gibson gold in beverly hills, of course, to see his masterpiece, the half million dollar gold mountain bike. check it out. >> there's nothing hugh power won't turn to gold. >> shoe laces. straws. >> i'm wrapping up a pair of chopsticks. >> his...
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Mar 3, 2015
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robert frank is here this morning. good morning. >> good morning.ts all-time high. launching faster flashier and more expensive to entice superrich car buyers. we heard about lamborghini's new one. we'll give you others. ferrari updating 458, the char that marchionne told me the best car that god ever created. the new 488 powered by a twin turbo. this is controversial for ferrari owners it doesn't have the same engine noise but 660 horsepower, 0 to 60 in 3 seconds. this will be ferraried's lead horse going into its ipo this summer. a lot riding on the car, around $250,000. mclaren the british carmaker unveiled 675 lt long tail 666 horsepower, 0 to 60 in 2.9. hard to find anything street legal that beats that time top speed of 205. priced more than $300,000. audi's not a supercarmaker but inroads with r-8 new version, 0 to 60 in 3. 27 powered by v-10 or hybrid. driving that fast at night can be a challenge. r-8 has laser headlights. that's the first of its kind in the u.s. guys sorry, billionaires, last have a run, fastest production car in the world
robert frank is here this morning. good morning. >> good morning.ts all-time high. launching faster flashier and more expensive to entice superrich car buyers. we heard about lamborghini's new one. we'll give you others. ferrari updating 458, the char that marchionne told me the best car that god ever created. the new 488 powered by a twin turbo. this is controversial for ferrari owners it doesn't have the same engine noise but 660 horsepower, 0 to 60 in 3 seconds. this will be...
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Mar 16, 2015
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. >> in 1986 earl's father robert earns that frank hamer's family is about to auction off two spec laieces of bonnie and clyde memorabilia the most personal weapon a 45 that was in clyde's wasist band and a 38 tht bonnie had taped to her thigh. >> when the opportunity came up, holding a gun that he knew clyde probably used and had on his person. this was his top choice. >> robert and his wife mary ann drive to ouaustin for the sale. robert's friends and competitors fill the hall. >> my dad got up to conversion with someone, go get a drink and the guns came up for auction he wasn't in the crowd. >> robert's golden opportunity is slipping away. mary ann looks around no sign of her husband. she takes matters into her own hands. >> my mom knowing my dad wanted them at whatever price she was the one who purchased the two guns. >> she did the bidding because he was nowhere to be found. >> absolutely. absolutely. he was very happy she did that. >> what did she pay? >> it was under 40,000 dollars for the two guns. >> earl's dad keeps on collecting texas history, but in 2003 he takes his own l
. >> in 1986 earl's father robert earns that frank hamer's family is about to auction off two spec laieces of bonnie and clyde memorabilia the most personal weapon a 45 that was in clyde's wasist band and a 38 tht bonnie had taped to her thigh. >> when the opportunity came up, holding a gun that he knew clyde probably used and had on his person. this was his top choice. >> robert and his wife mary ann drive to ouaustin for the sale. robert's friends and competitors fill the...
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Mar 11, 2015
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well, rob frank is here with that story. robert. >> 500,000 more. that's the answer mandy. that was created last year. there are now more millionaires in the u.s. than the entire populations of new york, new jersey, or michigan. we'll tell you how many made their money and where they're investing. it's coming up. about what happens when you turn sixty-five. but, really, it's what you do before that counts. that's thinking time when you ask yourself, how do you want this to go? see, medicare doesn't cover everything. only about eighty percent of part b medical costs. the rest is on you. so, get started on an informed decision. [ male announcer ] consider an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans these plans could help pay for some of what medicare doesn't. that could really save you in out-of-pocket medical costs. so, call now and request this free decision guide. just a little preparation could mean a lot down the road. make sure you have the information you need to go
well, rob frank is here with that story. robert. >> 500,000 more. that's the answer mandy. that was created last year. there are now more millionaires in the u.s. than the entire populations of new york, new jersey, or michigan. we'll tell you how many made their money and where they're investing. it's coming up. about what happens when you turn sixty-five. but, really, it's what you do before that counts. that's thinking time when you ask yourself, how do you want this to go? see,...
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Mar 20, 2015
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robert frank has details. robert? >> hey bill.re to warn about the wealth gap. paul tudor jones saying at a conference this week that ine inequality in america is off the charts. he said the gap cannot and will not persist. he said inequality usually ends one of three ways war, revolution, or higher taxes. he said none of which is on my bucket list. jones put most of the blame on companies and their focus on quarterly earnings profits, and share price that he calls a disastrous marketmania. he said it's like we ripped the humanity out of our companies. it's threatening the very underpinnings of our society. jones emphasized that he's a proud capitalist but he is forming a nonprofit called just capital to bring more justness to companies. he's the founder of the robin hood charity, and this speech comes just a week after protesters gathered outside of his mansion in green witchwich, connecticut, accusing him of being an extreme right wing billionaire. >> robert, thank you for that report on an old friend, paul tudor jones. doesn't
robert frank has details. robert? >> hey bill.re to warn about the wealth gap. paul tudor jones saying at a conference this week that ine inequality in america is off the charts. he said the gap cannot and will not persist. he said inequality usually ends one of three ways war, revolution, or higher taxes. he said none of which is on my bucket list. jones put most of the blame on companies and their focus on quarterly earnings profits, and share price that he calls a disastrous...
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. >> robert frank is the man who is on this case. he knows all about it robert. >> hey, guys.re going to show you 23,000 square foot mansion in l.a. with 32 cameras, double high gates, and a secret panic room. we're going to tell you what it sold for. you're not going to believe it. a penthouse in high my with a blunder bus collection and a waterfall toilet. you're also going to meet the dog. there he is. he is forcing them to sell. right up. [ male announcer ] your love for trading never stops. so if you get a trade idea about, say organic food stocks schwab can help. with a trading specialist just a tap away. what's on your mind lisa? i'd like to talk about a trade idea. let's hear it. [ male announcer ] see how schwab can help light a way forward. so you can make your move wherever you are. and start working on your next big idea. ♪ ♪ opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world adv
. >> robert frank is the man who is on this case. he knows all about it robert. >> hey, guys.re going to show you 23,000 square foot mansion in l.a. with 32 cameras, double high gates, and a secret panic room. we're going to tell you what it sold for. you're not going to believe it. a penthouse in high my with a blunder bus collection and a waterfall toilet. you're also going to meet the dog. there he is. he is forcing them to sell. right up. [ male announcer ] your love for trading...
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let us bring innin robert frank. what did he say gathering so much attention today?undamental billionaire one of the richest americans worth $4.6 billion saying the wealth cap is unsustainable and disastrous if unfixed. jones says current levels of inequality cannot and will not persist. history suggests it will fall in one of three ways. revolution higher taxes or war. none of my bucket list. the problem, he says a change in american companies. too focused on quarterly earnings profits and share prices and not focused enough on their broader role in society. here's what he said. he said we have ripped the humanity out of our companies and reduced them to a set of numbers. now, since the top ten percent of americans own 90% of stocks he said only the rich benefit from corporate profits and stock prices. jones emphasized she a proud capitalist and capitalism creates great innovations analysts people like him to enormous success, but he's forming a not for profit called just capital, to bring more justness to companies and also is the founder of robin hood the charity
let us bring innin robert frank. what did he say gathering so much attention today?undamental billionaire one of the richest americans worth $4.6 billion saying the wealth cap is unsustainable and disastrous if unfixed. jones says current levels of inequality cannot and will not persist. history suggests it will fall in one of three ways. revolution higher taxes or war. none of my bucket list. the problem, he says a change in american companies. too focused on quarterly earnings profits and...
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. >> robert frank arguing that the art world needs to get to know him. >> they'll know him and love him. he's just a smart man. >> on oil, the u.s. may soon run out of storage, and when that happens, do you still see 42 holding? >> look, that is the big issue. the refineries are running full out. could use all the gasoline that they make. it has to do with the backup of cushing. there's no real place to put it. really putting a lot of this crude from canada that we thought was going to come through keystone it's going right through ambridge. there's so much from actual mexico coming in. it is a case of storage. watch the day rates for the shipping companies because they're trying to put it on big ships, too. it's anywhere we can place it. we can't export because of the rules. there are real issues. real issues with oil. because it just turns out you can't refine enough of it fast enough. running like the northern canada refineries are running flat-out. you can't run refineries at the pace they're running without something going wrong. these are dangerous places. so be aware. >> and once
. >> robert frank arguing that the art world needs to get to know him. >> they'll know him and love him. he's just a smart man. >> on oil, the u.s. may soon run out of storage, and when that happens, do you still see 42 holding? >> look, that is the big issue. the refineries are running full out. could use all the gasoline that they make. it has to do with the backup of cushing. there's no real place to put it. really putting a lot of this crude from canada that we...
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cnbc contributor and invest net head czarzachary karabell and robert frank and also with the news ofhave our "fast money" trader tim seymour and jim burnham. john, a big shareholder of apple. one of the few stocks that went higher. it will replace at that time&t in the dow. what does it mean to you, john, as a shareholder? >> all i can say is i think it's about time that apple came in the dow. it's the world's biggest company today, and i think it's a great thing. i don't know how much it actually means to apple. i think it would be a biggser deal if it were joining the s&p which it's already in. it means some people need to buy the stock who need to own dow jones stocks. i don't think it means much to apple except it's the biggest company in the world. >> eric what do you think it will mean to the dow? >> i don't think physical mean that much because technology will represent 17%. industrial is still 20%. that's the biggest sector. financials at 16%. they were able to get it in because of the visa stock split. >> you were saying though as well for a lot of people it's going to be ap
cnbc contributor and invest net head czarzachary karabell and robert frank and also with the news ofhave our "fast money" trader tim seymour and jim burnham. john, a big shareholder of apple. one of the few stocks that went higher. it will replace at that time&t in the dow. what does it mean to you, john, as a shareholder? >> all i can say is i think it's about time that apple came in the dow. it's the world's biggest company today, and i think it's a great thing. i don't...
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finance, mark la pressie, and robert frank. also with me is "fast money" trader tim seymour.ned with equities and a pretty volatile and strange week for us. >> it has been very much an eventful one for a lot of traders out there because we have seen a good amount of that vol volatility. this is the week that was as we start to settle out some of the numbers. for this one-week span the dow jones industrial average down by about 2.3%. same thing with the s&p 500, and then of course what's happening overall with the nasdaq composite as well. this past week not exactly a great one that we've seen overall for the markets. if you kind of take a look a little bit more longer term in terms of how these now stack up on a year-to-date side of things, take a look at what's happening here. the same indices are fairly flat at least if you look at the s&p 500 and then the nasdaq composite up by 3%. dow jones down about 2/3. we'll see if we can close out the quarter with some gains. if we do go negative on the s&p it would be the first time in nine quarters we've seen a quarterly drop in th
finance, mark la pressie, and robert frank. also with me is "fast money" trader tim seymour.ned with equities and a pretty volatile and strange week for us. >> it has been very much an eventful one for a lot of traders out there because we have seen a good amount of that vol volatility. this is the week that was as we start to settle out some of the numbers. for this one-week span the dow jones industrial average down by about 2.3%. same thing with the s&p 500, and then of...
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. >> welcome susan from the new american foundation and robert frank.ay's slide in the markets and oil, steven short joins the conversation from the short report. "fast money" trader brian kelly will be joining us. welcome one and all. rocket your thoughts here on what's happened. >> it's dollar driven. the dollar and this really fast move is distorting so many things in the world from new york real estate to stock prices. you look at what's happening with small caps. small caps were in the dog house. now they're doing well only because they are more insulated from overseas earnings. it's really hard to read any connection between these market the real economy, and what consumers and investors are really thinking because it's all dollar driven and we don't know when it's going to stop. >> what's the perspective, the d.c. perspective on this dollar move for you guys? >> well one thing to worry about with the dollar is the trade deficit. when you have dollar that's appreciating as quickly as this dollar has, it leads to a higher trade deficit, slower grow
. >> welcome susan from the new american foundation and robert frank.ay's slide in the markets and oil, steven short joins the conversation from the short report. "fast money" trader brian kelly will be joining us. welcome one and all. rocket your thoughts here on what's happened. >> it's dollar driven. the dollar and this really fast move is distorting so many things in the world from new york real estate to stock prices. you look at what's happening with small caps....
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. >>> right now, robert frank got a behind the scenes look to check out why the art market remains redre soaring take a look at this. it's because of wealthy collectors like steve wilson. we tag aid long with wilson who owns a hotel and museum as he spent $300,000 in one hour. at art basel miami, check it out. it's called art basel. an art sale that lasts three days. but if you're a big spender, this line gets you in a day before everyone else. when the doors open the super rich rush is on. on sale here -- six figure paintings, pricey sculptures, and lots of really expensive stuff that doesn't even look like art. >> like hunting. >> reporter: we've got rare access to the first two people in line this morning. steve wilson and his wife laura lee brown. they already spent millions building a 2,000 piece art collection and they're here because they want even more. >> i'd like to buy the whole booth. >> reporter: in a single transaction, this power couple will spend more on art than some people make in a year. and it was like black friday at walmart, i mean, literally hundreds of pouring i
. >>> right now, robert frank got a behind the scenes look to check out why the art market remains redre soaring take a look at this. it's because of wealthy collectors like steve wilson. we tag aid long with wilson who owns a hotel and museum as he spent $300,000 in one hour. at art basel miami, check it out. it's called art basel. an art sale that lasts three days. but if you're a big spender, this line gets you in a day before everyone else. when the doors open the super rich rush...
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robert frank got a sneak peek and joins us now with more. >> good morning.of $180,000. we got a sneak peek with the mclaren ceo. take a look. >> this is the lightest best performing of all the cars in that segment. compared with the competition, i think it actually brings more to the second. >> now when you look at the competition, lambo, ferrari, porsche. i've heard this called the porsche kill per. should those guys be scared? >> i would never use that term. in many ways we're still the new boys. but we're a company that grew out of motor sport. we use technology to produce the best cars in that segment. and this really does -- this really does. it brings performance from a segment higher into this part of the market. i think we're going to surprise a few people. we tend to appeal to people who know about sports cars, who know about this segment. people who appreciate the fact that this is the only mid-engine rear-wheel drive two seater in its class. it's the only one that uses a microcarbon design like in race cars. a lot of the other attributes you talk
robert frank got a sneak peek and joins us now with more. >> good morning.of $180,000. we got a sneak peek with the mclaren ceo. take a look. >> this is the lightest best performing of all the cars in that segment. compared with the competition, i think it actually brings more to the second. >> now when you look at the competition, lambo, ferrari, porsche. i've heard this called the porsche kill per. should those guys be scared? >> i would never use that term. in many...
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and robert frank joins us now with the details. i believe mr. >> the stock price hasn't done that well. ever since he joined the board. this is the big shoe everyone was waiting to drop. i think tad is a great choice for the business. but in the art world, in the rarefied world of art collecting, no one knows who he is. we had a media executive running christies for a couple of years, didn't work out well. steve murphy was forced to resign there. the art world is a very particular, strange business. he is not known in that world. >> is the argument to be made you need a real manager in there. that part of the problem of sotheby's was it was always the quote, unquote, art people who may not have been focus odd then bottom line. >> you're right. in the biggest art boom we've had, sotheby's has been showing declining profits and slowing revenue growth. this should be boom time for sotheby's. they need someone who can communicate with the press, who can communicate with the investors. tad is great. >> i'm looking at the stock price. is that off? >>
and robert frank joins us now with the details. i believe mr. >> the stock price hasn't done that well. ever since he joined the board. this is the big shoe everyone was waiting to drop. i think tad is a great choice for the business. but in the art world, in the rarefied world of art collecting, no one knows who he is. we had a media executive running christies for a couple of years, didn't work out well. steve murphy was forced to resign there. the art world is a very particular,...
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cnbc's editor robert frank is sheer. take us inside the numbers. good morning. >> good morning. study showed that the u.s. added nearly a half million new millionaires in 2014. adding 12.1 million with specter groups which describes millionaires with a million or more investable assets. we're well above that 2007 level of 9.2 million. multimillionaires also growing there. 1.3 million households worth $5 million or more. in the u.s. 142,000 households worth $25 million more. wealth at all levels growing. generally, millionaires are bullishes on the markets. half putting money in the stock markets over the next 12 months. 23% plan to invest in fixed income. more than half putting their money in cash or savings. only 39% are investing overseas. with europe now they're favorite region after years of favoring china and brazil. among the millionaires' biggest worries, interest rates, tax ratings and overall economic policies. >> andrew is not here i guess i'll try to answer it or ask a few questions. i mean what can be done to try to stop -- is there a legislation that we should be co
cnbc's editor robert frank is sheer. take us inside the numbers. good morning. >> good morning. study showed that the u.s. added nearly a half million new millionaires in 2014. adding 12.1 million with specter groups which describes millionaires with a million or more investable assets. we're well above that 2007 level of 9.2 million. multimillionaires also growing there. 1.3 million households worth $5 million or more. in the u.s. 142,000 households worth $25 million more. wealth at all...
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frank, scott robert, all back with us. you heard about the all-day battery life., what is your reaction? >> i was hoping for more battery life. the search i have from fit fit it is about one week. towards the bottom and of the performance scale not towards the top. >> i think pretty awesome. pretty tight on the time frame. the watch does so many different things. it is pretty amazing what you can get out of there. other applications will really tax the battery life. >> look at the chart next to you. they have now officially given back all of the pop that they gave. that is not a good sign. >> i think that people have not tried the product yet. i think the 18 hour battery everyone that is a apple user is comfortable of that until they try it. >> what you are seeing is disappointment loud and clear. remember this is not a standalone device like the iphone or even the ipad was. you have to have the phone and you have to have the experience. it is always a problem you have someone my age to finding the market. people are having a hard time wrapping their head around t
frank, scott robert, all back with us. you heard about the all-day battery life., what is your reaction? >> i was hoping for more battery life. the search i have from fit fit it is about one week. towards the bottom and of the performance scale not towards the top. >> i think pretty awesome. pretty tight on the time frame. the watch does so many different things. it is pretty amazing what you can get out of there. other applications will really tax the battery life. >> look at...
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frank? and michelle. >>> robert that thank you. time now is 6:20. one bay area city is considering new laws ♪ ♪ wow something sounds sweet in here!!!! ♪ ♪ need a little honey in the bowl. yeah!!! badabopbopbopa!!! no? must be the honey!!! >>> chris borland is retiring after one season in the nfl. the linebacker informed the 49ers of his decision last friday citing concerns over the long-term effects of head trauma. borland was expected to be an integral part of the 49ers' defense this upcoming season with patrick willis announcing his retirement last week. instead he walked away after just playing one year of his four year roughly $3 million deal. borland had this to say about his decision to espn's "outside the lines" -- he went on to say -- >>> now the warriors have clinched a playoff spot and owner joe lacob is pumped to hear about golden state is back in the playoffs but the warriors have their hands full with the lakers. fourth quarter, jordan hill, he scores over clay thompson. tying the game at 95. but golden state took the lead back. just 13
frank? and michelle. >>> robert that thank you. time now is 6:20. one bay area city is considering new laws ♪ ♪ wow something sounds sweet in here!!!! ♪ ♪ need a little honey in the bowl. yeah!!! badabopbopbopa!!! no? must be the honey!!! >>> chris borland is retiring after one season in the nfl. the linebacker informed the 49ers of his decision last friday citing concerns over the long-term effects of head trauma. borland was expected to be an integral part of the...
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frank about. and the arrest of robert durst. >> as the jinx fillmakers cancel all interviews, the judge who presided other his last murder trial joins us. then, criticisms of conservatives on ferguson from conservatives. plus a new ad on the eve of the israeli election. a new theroy of bracketology. >> don't you want to celebrate ireland's big contributions. >>> good evening from new york. moments ago, the los angeles county district tour announced that robert durst, heir to one of new york's biggest families is charged with three murders. he is currently being held in louisiana without bail awaiting extradition to los angeles. prosecutors say they have not decided whether or not to pursue that option. he was arrested the day before a stunning finale of "the jinx." we were supposed to speak with the filmmakers tonight, but they canted in case they were called as witnesses in the case. according to authorities, durst was in possession of a .38 revolver and was checked into a hotel under a fake name. susan berman was found dead in her home on christmas eve, a single gunshot wound to the head. durst wa
frank about. and the arrest of robert durst. >> as the jinx fillmakers cancel all interviews, the judge who presided other his last murder trial joins us. then, criticisms of conservatives on ferguson from conservatives. plus a new ad on the eve of the israeli election. a new theroy of bracketology. >> don't you want to celebrate ireland's big contributions. >>> good evening from new york. moments ago, the los angeles county district tour announced that robert durst, heir...
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frank about. and the arrest of robert durst. >> bob durst didn't kill susan durman. >> as the jinx fillmakers cancelews, the judge who presided other his last murder trial joins us.
frank about. and the arrest of robert durst. >> bob durst didn't kill susan durman. >> as the jinx fillmakers cancelews, the judge who presided other his last murder trial joins us.
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frank about. and the arrest of robert durst. >> as the jinx fillmakers cancel all interviews, the judge who presidedther his last murder trial joins us. then, criticisms of conservatives on ferguson from conservatives. plus a new ad on the eve of the israeli election.
frank about. and the arrest of robert durst. >> as the jinx fillmakers cancel all interviews, the judge who presidedther his last murder trial joins us. then, criticisms of conservatives on ferguson from conservatives. plus a new ad on the eve of the israeli election.
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frank about. and the arrest of robert durst. >> as the
frank about. and the arrest of robert durst. >> as the
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afternoon from nfl insider saying that frank gore may sign with the eagles -- excuse me, colts instead of eagles. there is still a lot of uncertainty. michelle roberts, nbc, bay area news. >> thank you. we have arrests, retirement and trade rumors. all developing at this hour. at 6:00, more on the 49ers problems. we will chat with matt and voo live report. >>> now to a follow up on the crime spike in san jose's evergreen neighborhood. police put a new strategy in place. and tonight, there's evidence it's working. bay we are live in the area where police have criticized before are now praising them. damian? >> reporter: that's right. we have seen a number of cars speeding over the last six months looking for suspected burglars. as you mentioned, their work appears to be working. residents say burglaries are down significantly. >> talk to anyone in san jose's evergreen community and chances are they know someone who's been burglarized. >> probably about four blocks away from my house. yeah. i've heard that there's been break-ins. >> in fact back in september, evergreen saw more than 90 burglaries. but by february that number dropped into the 20s. >> t
afternoon from nfl insider saying that frank gore may sign with the eagles -- excuse me, colts instead of eagles. there is still a lot of uncertainty. michelle roberts, nbc, bay area news. >> thank you. we have arrests, retirement and trade rumors. all developing at this hour. at 6:00, more on the 49ers problems. we will chat with matt and voo live report. >>> now to a follow up on the crime spike in san jose's evergreen neighborhood. police put a new strategy in place. and...
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robert that. >>> hey liz check this out. our own frank mallicoat tweeted me a photo.undown this past weekend at the claremont hotel. it was a beautiful weekend with lots of clouds and hail and sleet and thunder and lightning. you name it. right now partly to mostly cloudy skies. we have a chance of rain today. temperature-wise, we are in the 40s and 50s. and later today, our numbers stacking up in the 60s. pretty typical for this type of the year, the time of the year. okay a few showers possible today and then hi skippy!! yippee!! fun fun fun! shiny! you never listen! what? is someone talking? ♪ skippy!! ♪ ♪ yippee!! ♪ i'm bored. hashtag bored. skippy!! yippee!! look a ride! (vo) made with the funnest peanuts ever! skippy. yippee!! ♪ >> this is it. looks lieu you s do you need any help with your bag? >> no. >> looks like you've about got it. >> dad, it's just isis. >> take care of her. >> death to america. >> isis. we'll take it from here, dad. >>> that skit from "snl" generate add whole lot of backlash. many tweeted it was offensive. but he's defending it today on t
robert that. >>> hey liz check this out. our own frank mallicoat tweeted me a photo.undown this past weekend at the claremont hotel. it was a beautiful weekend with lots of clouds and hail and sleet and thunder and lightning. you name it. right now partly to mostly cloudy skies. we have a chance of rain today. temperature-wise, we are in the 40s and 50s. and later today, our numbers stacking up in the 60s. pretty typical for this type of the year, the time of the year. okay a few...
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robert . menendez tomorrow. favors have been investigated. >>> one of america's most popular politicians today is the fictional president frank underwood from the hit television show "house of cards." >> did you think i'd forgotten you? perhaps you hoped i had. >> actor kevin spacey who is the lead said president bill clinton loves the show. the speed of the education bill passing is not the only thing that would never happen in the real political world. here are a few other things from house of cards that are implausible. inviting the protest band pussy riot to a state dinner with the president of russia. a democrat representing gaffney, south carolina, and politicians murdering people and get ago way with it. >>> anyone trying to park on capitol hill in washington can be challenging but it's not as difficult as it was made to look. she tried pulling into a diagonal space. unknown to her, a reporter happened to be nearby and started videotaping. watch. >> is she going to park like that? >> looks like it. >> norton who is 77 years old bumped that red car on the right a few times and left a note on the driver's windshield. the driver however
robert . menendez tomorrow. favors have been investigated. >>> one of america's most popular politicians today is the fictional president frank underwood from the hit television show "house of cards." >> did you think i'd forgotten you? perhaps you hoped i had. >> actor kevin spacey who is the lead said president bill clinton loves the show. the speed of the education bill passing is not the only thing that would never happen in the real political world. here are...
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robert and then he would put his foot down and say no. >> good evening. julie haener is here now for what we are working on for 6:00julie -- >>> i am julie haener. >> and i am frankville. >> we are learning about the history between the investor and the winery owner accused of killing him. ktvu's allie rasmus is in napa county. you learned learned the men were involved in a string of lawsuits? >> reporter: yeah. i want to show you where we are. the area next to us is an area operated by robert, the people in the orange shirts, they are with the sheriff's department, they are searching looking for evidence related to the case. although they won't tell us what they are looking for. it was on the brink of falling apart and when one investor confronted him about it he ended up dead. >> reporter: row after row of grapevines searching for evidence in the murder that happened here yesterday. sheriff's deputies say around noon he called 911 for help. saying his business partner had shot him and was chasing him through the venyard. deputies arrive -- vineyard. deputies arrived to see him die. when the case ended police say he turned the gun on himself. he had been running
robert and then he would put his foot down and say no. >> good evening. julie haener is here now for what we are working on for 6:00julie -- >>> i am julie haener. >> and i am frankville. >> we are learning about the history between the investor and the winery owner accused of killing him. ktvu's allie rasmus is in napa county. you learned learned the men were involved in a string of lawsuits? >> reporter: yeah. i want to show you where we are. the area next to...