at robin hood in my green and black.d a chance earlier to sit down exclusively with the former treasury secretary larry summers and we talked about a wide variety of things starting with the economy and what he makes of all of this. . the challenge of assuring not just at the trough of a recession but also an ongoing basis that i was highlighting the secular stagnation -- those challenges look real rue out the industrial world. -- look real throughout the industrial world. when the industrial world lags, that means challenges for the developing world. i think we've got very real growth challenges. they are not on the supply side. they are in they -- they are on the demand side. islong-term unemployment 5.8% in the u.s. and the market is in turmoil and all the investors are crying about the bad two weeks they have just had. our real american suffering now? >> if you look at what they say -- do they think their kids will be better off than they were? is the country in the right direction or in the wrong direction? if you l

the robin hood investment conference.h his interview again if you do not think it is worth it. we sayng back to you as goodbye to david and david. gentlemen, thank you. ♪ >> that was one heck of a market. crisis certainly was. >> guess what. will do tomorrow? try to out do today. click yes. i will speak with the one, the only, bill gates. and now the gates foundation tomorrow in boston. -- for aor it a live live interview at 3:00 p.m. >> time for bloomberg to take you on the markets. i will send you out to the newsroom for more. >> thank you. the trading day of the fourth quarter. kicking it off in the red. mixed data, signs of economic weakness in europe. plus, all weighing on prices. the index approaching that correction, a drop of 10% from the peak. joining me for today's options insight, the equity derivatives strategist with baycrest partners. let's start with options. we do not talk about that a lot. so much focus on small caps and how they may be leading the way lower for large caps. , we are seeing increased activ

i have a pencil. >> tomorrow is a big day from robin hood.ernoon and she will be back here tomorrow. you will hear from the former treasury secretary, larry -- the ceo of glenview capital management, larry robbins, someone whose opinions and thoughts you need to hear. right now, it is 56 minutes past the markets, -- 56 is past the hour and a means is time to go on the markets. >> investors are digesting disappointing earnings from ibm and awaiting apple's quarterly results. a derivatives strategist from mk m holdings joins me. i want to talk about volatility. we have seen the return and some of volatility. forward insee going terms of how volatile it's going to be and how are you going to trade on it? >> our view over the last several weeks is seasonal volatility combined with volatility across asset classes retire in the dollar would result in u.s. equities suffering a severe pullback, more than we have seen in the last couple of years. saw that and we think it's thinknd from here, we u.s. equity and implied volatility is setting up a nice m

chairman of robin hood starwood, barry sternlicht. >> stay with us. line" continues in just a moment. ♪ >> get the latest headlines at the top of the hour. that does it for this edition of "bloomberg bottom line." i am mark crumpton reporting from new york. thank you for joining us. on the markets is next. we will see you tomorrow. ♪ >> bloomberg television is on the markets. let's get you caught up on where stocks are currently trading. third day of gains for the s&p and nasdaq, not the case for the dow, off by about 1/10 of 1%, being driven lower by ibm's after ditched its five-year profit will. small caps, take a look, advancing. rising the most in about two weeks. looks like pretty much the u.s. markets are stabilizing today. october is on track to be the worst month for the market so far this year. with global equities losing $3.3 trillion in value through last thursday. question? is it time to go bargain hunting? maybe not. trial stein joins in with why investors are still keeping their money on the sidelines. charles, why are they keeping their

>> i read the agenda for the robin hood conference.in hood is a huge conference, they raise money for various charitable causes. lots of hedge fund people speak, bill ackman unveiled short on herbalife. liz: couple years ago. >> couple years ago. david einhorn unveiled short on lehman brothers in 2008 at the robin hood conference. what's interesting is carl is there, carl is going to battle larry fink. they're going to have a debate over activist investing. larry fink is the ceo of black rock. carl does his thing. larry is critical of activist investing. i said to myself, who's right in the battle right now? i like what carl does, but his record hasn't been very good lately. what's interesting, i thought to myself, would carl icahn the activist investor be protesting his own record? if he was a public company and investing in it. i think yes. and you look at aside from his apple investment, he's done very well with apple. liz: and forest labs. >> paypal, very good. rig, not very good. liz: transocean. >> not very good. herbalife, so fa

>> we will continue the coverage of the robin hood investor conference.rence deafening rule will have two exclusive interviews with the chairman and ceo of j.crew, and the chairman and ceo of starwood capital group. i will see what the top of the hour. >> looking forward to it. numbers about new its iphone and ipad sales today. we will tell you what to watch for, next. streaming on us bloomberg.com. ♪ >> welcome back. it has been a busy few weeks for apple, the company launching two new iphones, a new set of tablet of and handling security and software crises. fromelse will we learn today's earnings report? cory johnson, our editor at large still with us. the number one thing you will be watching for an apple earnings today? >> it is going to come down to the iphone. really how well did the iphone to? do? are they going to be able to that just over 38 million number? and then after that, it will be what happens to the ipad? globally,ng tablets flat revenue growth for the whole category this year. so to see how this ipad is trending is an important data po

more now of our coverage from the robin hood investors conference.lleague stephanie ruhle just finished chatting with dan loeb. what was the take away from your exclusive conversation? famous, always elusive dan loeb. i wish he was sharing his thoughts with you personally, i did have a moment to sit down exclusively with him and he discussed his best idea, amgen. he thinks it should trade below biotech companies, he thinks it pharmatrade above companies. he thinks it is a name that has been misunderstood by the street and there's is still a great deal of value to unlock. he is working constructively with the summer. he met with the ceo. they have over a billion dollar position which makes them in the top 15 holders of amgen. next week, they will be holding. will be holding an analyst day simply because he thinks they need to tell the story. he thinks the facilities need to be updated. since two thousand two, their sales have been up over 3% but the margins are flat. this company needs to be cleaned up. in terms of pipeline drugs, he is very excited a

our marketurn to makers anchor stephanie ruhle who has been at the robin hood conference. j cruz at ceo. withd exclusive sitdown the founder of formation. you just left the stage. you and eric schmitt, two leading minds in the tech world. what was your biggest take away? >> i have always tried to look up to eric schmidt. similarto do something to what google did. it's extraordinary to see how he can take that culture and build what he has built. a lot of our friends right now compound from google. our building is an intersection of old industries . >> isn't there an argument to be made -- the idea of disruption is great. unless you truly knew the product, is there a bubble? is silicon valley trying to disrupt businesses they don't understand? >>'s people from the outside that come and change it. building government technology, but we had lessons from companies on how to apply -- you come in and you figure it out. you have said before that what silicon valley can do is solve some of the problems businesses face. >> the way they are running these industries is not very smart

. >> that does it for us from the robin hood conference. "power lunch" begins now. >>> folks, you are looking there live at the dow 30. you see 27 stocks of the 30 down constituents in the green, chevron, disney, united health, 3 m, jp morgan all leading the way, all have been trading above 2% in the gain column for much of the day. look down there, the lonely three, your bottom three would be mcdonald's, ibm and coca-cola. ibm reporting weak numbers in guidance yesterday. today coke released numbers. as you can see from stock prices they are tumbling. coke not happy. right now it is down about 6%. ibm down 4% and mcdonald's off about 1% at $90.68. we will focus a lot of our attention on these iconic american companies, the bluest of the blue chips. the problems many big caps are having and maybe leave you to big caps of the future. sue picks up the story from there at the new york stock exchange. >> with the market up triple digits, mcdonald's, coca-cola and ibm not participating. the big question is can the companies and the stocks that w

at thertant conversation robin hood conference, of course.carlet fu and brendan greeley joining me this morning. dow futures up 66. brendan, i guess that is because of -- >> all about apple. apple is a job c and in october -- apple pay,t launched and we are not talking about the watch yet. here is the question. on the earnings call, tim cook says it is unclear what iphone supply -- when iphone supply will catch up with demand. how does that smell to you? >> i thought it was fine. you mentioned inventory dynamics. i am inventory skeptic. they never make enough phones so we are always lined up out the door. >> our guest host today, michael levi. look at this -- it is broken. in chelsea, this would be an art -- this is why they are doing so well. >> i like how you roll, no protector on the iphone. out and get one right now, but you want to replace it. >> this is the ecosystem where he can fold in all of his cfr calendar and all of that. does the sell side say? >> the sell side highlights the fact that the apple watch will not be broken out in un

that's the ratio of the impact that robin hood has in the community. every dollar that robin hood puts in the community, it has about $13 of poverty fighting benefits for the city of new york. so we appreciate you taking the time. and yes, i used the billboard capacity in order to direct people to robinhood.org. >> well done, larry. of course, you're on the board. it's an organization i myself have been supporting now for almost 20 years. >> and we appreciate that. >> great work. let's get to the markets this morning. let's get to them actually this morning. it's not often we have an opportunity to talk to someone who manages as much money as you do as successfully as you have. what is this we're going through, and how are you approaching it? >> sure. first, let's all be humble about the fact that we're all trying to figure this out as well. if we think about the fact the markets had -- during the last five years have been areas of elevated concern, and there had been significant drawdowns in the market, but they've turned out to be more noise than act

. >> i already explained what robin hooding is. thanks. but is there -- is their f-u to the city legal? they are looking at whether they are in their first amendment rights. and the parking attendants claim their behavior is harassment and it keeps them from doing their jobs. let's see them in action. >> so this meter lady behind me, i president do know if you can see her, but she is who we are following today. >> who is going after her? >> seeking justice, parking justice. >> thrilling. can we see that again in slow-mo? >> katherine, there are two sides to every story. are you on the side of the passionate young people or the greedy old bureaucrats? >> i think this is like a battle of losers here really. there are people like oh i am changing the world boy putting money in the meters and other people say i will changing the world by fining people with money. i don't know. >> do they really think they are changing the world? >> they clearly do. >> they are meter people. >> they all played yu-yo cards in high school. >> what is that? >> i o

. >>> we will round up the highlights from robin hood and give you the final trades, as well. equipment tracking system will get you to the loading dock. ♪ there should be a truck leaving now. i got it. now jump off the bridge. what? in 3...2...1... are you kidding me? go. right on time. right now, over 20,000 trains are running reliably. we call that predictable. thrillingly predictable. hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow. you just have to win 70% of your points at net. and keep unforced errors under 10%. on the ibm cloud, the us open analyzes 41 million data points from 8 years of competition to uncover key insights. data can help show you how to win, no matter what business you're in. today there's a new way to work. and it's made with ibm. get to the terminal across town. are all

capone who opened one of the first free soup kitchens in chicago in an effort to brand himself as a robin hood. he was said to shake hands and visit with those who lined up to get a meal. at one point during his reign. capone traveled to san francisco to see if he could sit upshot here with a quick result. >> reporter: in 1920, prohibition became the law of the land. the sale and manufacturer of alcohol was forbidden in every state. that same year the democrats came to san francisco to nominate cox and roosevelt and the city provided every amenity for the visitors including a truck full of booze. it was the first clue that san francisco was not going to take prohibition seriously. the federal government on the other hand was taking it seriously indeed. throughout the land, revenue agents caught the state of illegal liquor and to the horror of drinkers everywhere, wasted the stuff. >> now being destroyed under court order, go to it boys. >> in san francisco and other cities, officials tore into beer and gin sometimes provided a booze bing for those on the sidewalk. speak easies, bars that provi

>> pimm, what a two days we have just had at the robin hood investment conference?ul jones to miller, david einhorn and dan lobe we are going to wrap it up with the

we'll be life from the robin hood investors conference in new york city. david einhorn has made some news today. we'll talk to him exclusively tomorrow. green light capital's david einhorn. he spent years learning the tools of the trade from karl icahn before starting his own hedge fund. he's making a lot of noise. keith meister joins us tomorrow on the halftime show. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. 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 advances. get to the terminal across town. are all the green lights you? no. it's ca

buster, there were no cars in robin hood's time. oh, yeah, right. um... it's a wagon.

and more -- these iconic investors gather once a year to rub elbows and share strategies at the robin hoodtors conference. billionaire activist carl icahn is perhaps the biggest of all, stirring up conflict at apple, ebay, dell, and herbal life, to name a few. he also addressed warren buffett, took jabs at silicon valley, and discussed the unintended consequences of the said's monetary policy -- the fed's monetary policy. in this low-interest-rate environment, how do you see this? what implications does it mean for the economy? >> it is concerning.

. ♪ >> welcome back to a very special addition pit we are at the robin hood complex. >> lets start withrates. in this environment, how do you see this. >> in my opinion, the fed is holding the market up. we keep a big head john. it is concerning. the fed turn this market around because it let it be known that the rate is not going to be raised in march. you have to be concerned.

and more -- these iconic investors gather once a year to rub elbows and share strategies at the robin hood conference. billionaire activist carl icahn is perhaps the biggest of all, stirring up conflict at apple, ebay, dell, and herbal life, to name a few. in this rare on camera interview he also addressed warren , buffett, took jabs at silicon valley, and discussed the unintended consequences of the fed's monetary policy. let's start with intereste

mentioned at the robin hood conference, then the headline with pepsi. the stock should go higher. i like it right here. >> a massive thought for digital river. >> this is a crazy name that just a couple of weeks ago we talked about the unusual up side. you can't do much about this right now, but it tells you what's going on in technology. big buyer of the semis and the cloud space. >> pop for proctor. >> earnings and they may split off the duracell division. that's the battery. anyways, i don't like how this traded today. stock's fine, but the way it traded at the end of the day, i don't like it. if you're in it take profit and wait for that pull back. >> gopro getting hit hard after oppenheimer gave it an underperform rating. >> they're playing a little stock market. i don't know if it will get to 45. since the ipo, every move to this on the down side you had a buy. i think this is it again. this story will break, i think, but i still believe this is not a hardware company. it will be a media company. you got to own the stock right here. >> that's crazy. >> okay. >> i've had an u

they spoke at the robin hood investors conference here in new york this week.e interview this weekend. with the spirit we will have another checkup the market movers on the other side of the break. -- stay with us. ♪ >> get the latest headlines at the top of the hour on bloomberg radio and streaming on your tablet and on bloomberg.com. that does it for this edition of "bottom line." mark crumpton reporting from new york. on the markets is next. have a great weekend. i will see you on monday. ♪ >> it is 56 past the hour. bloomberg television's on the markets. we have one hour until the closing bell. we are seeing stocks rally for the second straight session. health care come utilities helping lead from the gain. some of those companies are helping lead the gains we are seeing today. you can look at the dollar. it is down slightly today. 6% over the last month. the dollar is the place to be. joining me with a look at which etf benefits the most from dollar strength is eric, who comes to us every week to talk to us about the hot etf's. she said there is relatively

from the robin hood investment complex. ♪ >> is time for bloomberg television on the markets.he s&p 500 spurred by a couple of things and looking at last week. and we drop overdone closing numbers, showing the marissa mayer's turnaround efforts are finally making some progress. there was a lot of pessimism around her performance. business.ying almost everybody was expecting that same type of decline this quarter. the consensus was above wall negatived was about two. obviously they've got the big windfall from ali baba which wasn't really counted and to the estimates of the $.52 is really comparable to about $.33 where the estimate was in the $.32 were wall street was. and not as bad of a quarter as a lot of people thought it was going to be. >> on the markets, i'm julie hyman. ♪ >> you are watching "bloomberg west," where we cover innovation, technology and the future of business. i'm emily chang. raise money in a funding round led by google. other investors include kleiner perkins. the company says it will use the funding to accelerate product development and commercialize it

and a lot more from the heart of new york city at robin hood. >> sounds good scott.e meantime let's get tot cme and check in with rick santelli. >> the big word today is palindrome. and my contention is one of the underpinnings of keynesianism and fed policy. and growth is not a palindrome. but i'll give you an examples of the palindromes and you can see if you understand what they are. race car, civic, wow. of course you see they are spelled the same in both directions. but the problem is that growth doesn't work in two directions. and therein lies the rub. we have a broken transmission. so some of the by-products of growth that the fed is certainly trying to instigate, and whether it is the federal reserve or fhfa or hud, housing, we're trying to get housing going and of course things like jobs. and there is a lot of issues that say that these things don't go back in the right direction because really in order to get growth -- and by-products of growth are higher inflation -- all the things the fed wants but they really don't work in the other direction. historical

he just got off the stage a couple of minutes ago at robin hood talking about amgen a position he initiated in the second quarter added to during the past quarter and one of his largest positions. he feels it has several things going for it and traded at a discount to peers and has a compelling mix of products. he believes it is an attractive investment opportunity and he also is agitating for a split up of the company into two units, mature growth and a faster growth company. it doesn't look at this point like he is going to go active and sort of negative on management. he appears to be working with management. the other thing i should add on the long side is that he has initiated apparently a position in ebay. at the same time he has either reduced or paired back positions in a number of stocks including aig, hertz, lng and sony. more details about all of those in this letter. just to point out commentary on the market turmoil of last week. he says while some fear was warranted some was exaggerated so we took steps to mitigate volatility. he then essentially says he is a buyer. he says du

and do not think that maybe this is a guy you should help or aid or some robin hood. any government crack pot with a grandiose idea that he should write down what lhe did. >> he read another section of the note, describing his actions after the shooting. watch this. >> i ran back to the jeep. i made maybe half a mile from the gl road -- that's the gameland's road -- and hit a roadblock. i didn't expect one so soon. it was only 15 to 20 minutes. i did a k turn a quarter mile from them and pulled into a development i knew had unfinished access road. hearing hilos, i just used my marker lights, missed the trail around a run-off pool and drove straight into it. disaster. made half attempt to stash ak and ran. >> he sounds like he was prepared to make some sort of get-away. how significant is it that he was caught off guard by a quick police response, jim? >> well, that's right, reverend al. in the news business, you showcase bad police work, but this is a great example of great police work and the helicopter being deployed quickly. he likely was going to escape, and might

the robin hood conference is coming up. >> she is going to talk with jim chanos.ing to hear what he has to say. both of those will be going on bloomberg tv. and is now 1156. we are on the markets. julie hyman is in the newsroom with this big rally. >> it is a big rally. this is the biggest rally we have seen all year. it is. this also speaks to how small the rallies on a daily basis have been this year. we are up almost 300 points. we are going to talk about what is going on in the options market. it is time for options insight. al, as i mentioned, we have this incredible rally today. it has been an exceptional week in general. how is this plane out in the options perspective as we close out the week? >> it has been a really interesting month. stocks rise up. it is all about the fed. think that is what was a catalyst. the market fell. it fell 18%. we may still have more down sides in us. the relief rally is part of comments about more bullets in the gun of the central banks. from we, the volatility in the s&p options is still showing some fear. let me explain that

this time last year was the robin hood conference.man there and said to him, bill, you chief standing alone on the other side of the trade. what are you going to do? he said, i'm going to wait until the end of the earth because this stock is going to zero. the tide is starting to turn. i also had a chance last year to sit down with david and we are sitting down again today. he told us exclusively, he saw the bond bubble going to burst. what he thinks about galen, draghi and equity valuations. >> he really got it right when he said don't fight the fed. he timed that very well. and my neighbor in new jersey -- >> is what else he is. a minority owner of an nfl team. what does he think about roger goodell? >> sounds like a great show. thank you so much. here's a look at the other top tech stories on our bloomberg west radar. the studio behind the twilight film will hold a contest. facebook will show the films. five full-length twilight movies. the war is almost over between his knee and amazon. -- disney and amazon. they're close to settl

he has to use the tools of the legal system, not robin hood.irical evidence, and make a legal case. >> and is hard not to walk away from this talk, coming to the conclusion that he could have, and should have conducted himself very differently. >> that is the conclusion of a federal judge sitting in central that his who ruled lawsuit over time evil from evolved into a racketeering conspiracy. turned the tables, and it is them who hold the upper hand. they never pay a dime of those billions of dollars. >> what could happen to him? >> he could be disbarred if this finding is upheld. it is very unusual for a lawyer to be found to be a racketeer and continue to front this law. but he is appealing, and we will see what happens. >> is there anything to be drawn between what happened in this case, and what is unfolding now in the wake of the blowout? are much moret important than any similarity. he do have two environmental disasters, and two international multi-oil companies. the bp difference is disaster unfolded in real-time on television. this cas

. >> stephanie joins me now fresh off the robin hood investment comments. up with a long evening with karo icon. carl was not coming at warren buffett. warren buffett made an extraordinary amount of money for himself. he does think he is sort of a calling for federal governments. he thinks warren buffett could have tightened the screw more. >> warren buffett has been on , thefor not speaking out way their compensation was structured, i've heard differently, that warren buffett operates behind-the-scenes. he is not a karo icon out there sweeting and writing letters to phone.ut he picks up the >> -- no doubt, warren buffett is intimate, but i think his style is different. he has ar believes warriors. and that in another lifetime, he would have been a lawyer. had toasked him, if he start all over again, what would he have done, he said philosopher. >> so he is out there and outspoken. i get the sense he actually gets more energy the more fights he gets into. >> without a doubt. i hate to say there are false idols out there, but that is how he looks. of these p

icahns investor carl sounds off at the robin hood investors conference. and wild about life. steve ballmer opens up on charlie rose. in politics, there is one issue one issue that politiciann

thes coming to us live from robin hood investor conference right here on bloomberg television, mickeyom line." this is "bloomberg surveillance ." let's get you company news. with a start resignation. bloomberg lp, the parent company of bloomberg news. andriy's leaving the ebay board. mcdonald's is expecting 200 restaurants. nine are temporarily closed. the scope of the shutdown in russia is seen as a responsive western sections in russia. the company plus new payment service lets shoppers buy items using their thumbprint. walmartailers including are not a get on board. apple reports earnings after the bell today. that is the latest company news. >> are guest host stephen king -- our guest host, stephen king. don't forget japan. serious experiment, japan has and is a field experiment. why is it failing? dr. the whole idea is that you had this massive momentary stimulus. and lots and lots of structural reforms. after the big fall in the the tradeate that, position did not improve much. he had the consumption tax coming through, the big increase, which was hefty. it does not create condi

the robin hood conference is all about best ideas. tony is there one product out there that you can point to and say i wish that was mine? people went to elon musk in tesla and is there anybody to you that you saiden man, i wish i did that. >> one that pops in any mind is the thing shazam stheast great is you push a button and uber is a lot like that and i love the fact that you don't have to call somebody and you can just type in the address instead of having the whole conversation and you don't have to pay at the end so the easy of use of uber is phenomenal i think. >> is there a product you wish you invented? i agree with him. uber. >> uber is something everyone would use day in and day out. i have to think about that one. but what i find interesting is you were using shazam as a verb. you can shazam things. >> i want a badge i get to wear in new york when it rains that ays i ride taxis and use yuber when it doesn't rain and that should give me priority status because there's nothing worse in new york city when it rains and you can

we'll wait and see what happens with this, you and your merry band of robin hooding coin-depositors.i just made that up. >> won't fit on the back of a jersey. >> thanks for joining us to discuss this. >> come up with a catchier phrase. >> that was me. that was me. >> i could see mick paying for someone else and they don't get a ticket. >> not strong on the logo. >> not strong at all. >> that's great. thanks so much for joining us. time for "newsroom" with chris cuomo carol costello. >> have a nice day. thanks so much p newsroom starts now. happening now in "the newsroom," rocket disaster, heading for the international space station exploding into a fireball just seconds after liftoff. what happened? >>> plus security scare at the white house, suspicious cyber activity detected on its computer network. new details who investigators believe is mind the attaat behi. >>> kaci hickox will be prosecuted if she violates her quarantine.

we're looking at a sneak peek of sunday's episode, discovering will scarlet rummaging through robin hood's it, she's never had a true home before. she's trying to be a good mother. she's trying to be a good daughter. opening herself to the possibility of romance with captain hook. she's definitely very vulnerable in a way she never has been before. these are now challenges to face emotionally. and that can be uncomfortable at times. >> having captain hook as a boyfriend is complicated inherently. and so many people on twitter asking, i love that emma is a real woman and strong and vulnerable. captain hook is her equal. what does jen love about him? >> what i love about captain hook for 'em ma is that he has been through a lot of similar things to her. they have both -- they're both priori pirates in their own sense. scrambled to survive, made terrible mistakes but overcoming them and fighting to be better versions of themselves. and hook has really started to prove to her that he is becoming a better version of herself. >> are we going to hear you sing? >> not on this show. maybe someday,

david tepper recommending that at the robin hood conference. back to you. >> thank you very much.ng to the close with the dow up 200 points. highlighting the strength of the nasdaq today but the dow would have been even higher if it hadn't been for three components lower with earnings. coca-cola having the worst day in about six years. down about 6%. mcdonald's down a fraction and ibm was down with those disappointing earnings. here they are today and how they're finishing. john buckingham, i'm not going to ask you if you would buy those today but, you know, is this a sector that you would like your technology? you like technology at these levels? >> absolutely. we are overweight technology. ibm i would be buying on the weakness. we own microsoft and lexmark with a fantastic day today and there's value believe it or not in technology. above average growth in my opinion. >> all things you like here. now we have yahoo! coming out at the top of the hour, bob. >> i want to hear about alibaba. the quiet period is ending for alibaba and the underwriters, the guys who underwrote the stoc

and then the city council along with two foundations and the robin hood foundation funded close to $2 million with universal representation for kids coming through the new york surge docket. so that's really exciting. i hope with response, it becomes a steppingstone for us to be able to use our school system to connect kids. it's part of the mayor's platform and i think also something that teachers and guidance counselors were hearing from them, and they'saying how structure referral system that actually works for the schools as well as the kids, and the legal services provider. so we're thinking about that now. >> you mentioned the municipal i.d. could you talk a little bit more about that? >> sure. where the municipal i.d. started, the first program was launched in new haven in 2006 or 2007. and i know san francisco, oakland a few other jurisdictions around the country have these programs. i think for new york city, and the mayor. the notion was really simple. we have 500,000 undocumented in new york city who cannot get identification because we don't have a driver's license that's