ask the poor soul who shorted apple at seven bucks. risks about $1900 and could make him over a thousand bucks by june. we'll see more of carter later in the show. moving on to the pain at the pump. gas prices hit an 11-month high today and it isn't even summer yet. with crude creeping higher, will the consumer spend less and crimp retailers like walmart and target going forward? dan, consumer sentiment was disappointing today probably because of what gas prices have been doing. that could effect a stock like walmart and other retailers. >> the spending we're seeing is at the high end doing well. walmart reported their q4 in february a few weeks ago, they missed on earnings. wasn't as good as people expected. some areas where people are expecting growth overseas weren't as good as expected. the stock came up 7% in the days following the earnings report. has since kind of retraced that move and filled in the earnings gap. to me where i see the market kind of top here and i see a name like walmart that could be weak and could be effected

i think pety makes sot cogent points. >>> next on "fast," do you dare short apple? how he's playing the stock in his nothing but apple market. stick around for tim to explain why ge is the emerging play. more "fast" straight ahead. it's kind of hard to make decisions by yourself all of a sudden, when you have been making them with somebody else for 35 years. i guess there is something in me that has always been strong. i've always gotten through some pretty rough stuff without falling to pieces. ♪ ♪ >>> welcome back to "fast money." we're live at the nasdaq market site here in times square. shorting apple can be dangerous given the run it's been on. but our next guest found a way to make money on the short side. doug kaas, also the president of seabreeze. doug, good to have you with us. you have impeccable timing when it comes to the apple short. you shorted 546.10. >> i would say this preoccupation with apple is becoming a borderline mania. if you just consider the time every evening that "fast money" devotes to apple. the shoe shine boy owns apple. i go to cocktail

dan thought shares of apple were heading towards nosebleed land. >> you're going to see this stock come from 500 down a bit. >> but shorting the stock -- >> no, god, please, no! >> well, you get the idea. so to define the risk dan instead bought the march 4 stock put for $11.50. now to make money dan needs apple stock to trade below. or below $468.50 by expiration. but $11.50? >> how can i help you? >> well, siri, you can show dan how to do this for less. >> i sold two of the march 4 60 puts. >> turns out he didn't need her. to spend less, dan sold not one, but two of the march $4.60 puts for a total of $10.80. but he did something even better. he made making money easier. here is how. between the $11.50 he spent buying one put and a $10.80 he collected selling the other two lower strike puts, dan reduced the cost of the trade to just 70 cents. now instead of needing an toll fall below $468.50 to make money by cutting his costs, dan is make profits if apple falls more than the 70 cents or just below $79.30. but there is a trade-off. by selling more puts than he bought, dan could be forced to buy more at that low stock pric

you revisited the old apple short. >> i haven't touched apple for three months. i think it's time to get back in on the short side. i look at google from late 2007. november, 2007, and overlay apple present tense. it looks incredibly similar. a tech stock, it captures the public's imagination. it seems like it's unassailable and we see a parabollic move. that presages a veelt reversal. i thought we needed a 600 print, given the similarity to the 2007 google scenario. it's enough for me to say i think the risk reward favors is short side. think it's time to come back to earth. >> i'm not going to knock you down. i'm going to let somebody else do toni sacconaghi. welcome back to the show. do you want to tell steve cortez why he's nuts? >> i think short-term trades are difficult to call. when i look at the stock, i look at great and market growth in terms of the market. i see a valuation that is very inexpensiv inexpensive. it's a market multiple. account for the better cash flow and it has there are 100$100 a market sheet. if i think about that relative to google se

do you know that can get you arrested in many towns. >> i'm the one guy short apple. no. r people joining me a little bit too. i love apple. i think it's one of the best companies that there is out there. i just think that hype you sell. it rallied too far too fast. it seemed to stall out a couple days ago and i short it. if it consolidates the next couple days and i don't get a crash, i'm going to get out of those shorts. as of now short apple. >> gentlemen, thank you very much. jeff, don't take it so hard. they confuse me for bill griffeth all the time. >> not a problem at all. >> up next, if you bought apple 10 years ago, you made a 4500% return on your investment. how about making 20,000% on your investment? we'll talk to some people who have made exactly that kind of killing. and we'll tell you how they're doing it. it's going to surprise you, next. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can

i see no basis for shorting apple other than where it's moved. you don't short stocks where they've come from. you short them because where they're going to and you don't believe the fundamentals will get you there. apple to me is the most attractive stock. i disagree with cortes. i think apple can be the death of google. when you use suri voice, you don't look at the ads. it goes straight to the search and the search comes up. so i'm not really worried about it now. i'd much prefer apple over google. >> cortes, how about the point? you don't short a stock based on where it's come from, you short it based on where you think it's going based on the fundamentals. the fundamental story for apple is what it is, right? it's a good one. >> look, yes, i agree. i think you absolutely pay attention to the history of the stock, where it's come from. i believe in technicals. technicals matter. you can only have an overbought or oversold read based on history. history does matter. it shows where people got long or got short a stock. and clearly the history o

steve cortes, are you still short apple? >> i am short apple, although i'm breaking a pledge.alk about it for the rest of lent because i'm so sick of apple, but i am short it. i shorted it last week at $595. frankly, it's been boring, despite all the news out. but i think they've had an incredible run. i'm short for technical reasons. i'm not making a case against the products or product cycle, but i think tentatively, it's run so far and gotten so popular that i think leaning as a short against $600 makes risk-reward sense here. >> so you're not waiting in a dark alley outside for our next guest, who says it's now going to $740? >> i'm not, no. >> let's bring in shawn wu, who raised his price target to $740 this morning. good to see you, shaw, analyst at sterne agee. where does this number come from, because of the 3 million ipads in three days? >> well, when we make these calls, we don't look at it from a one-day perspective, but more from a 6 to 12-month. you have one that's the new ipad that just started shipping. so, there's still at least, you know, a few quarters ahead

my move is to short apple. we talked about this, two weeks ago, i shorted apple. i think the next big move is to the down side here. great note from goldman sachs last night. talking about how these events are perceived to be sell the news events. but yet on the other side of that, the stock tends to come back a little. so i'm looking to sell, one trade i would, identify for you, second derivative trade off apple, serious logic, take a look at the price action today, it's problematic if you're long, you should be paring back your holdings. >> the pops and drops that might be on your radar. start with pandora popping 6%. j? >> i do use the service a lot. i'm a user of the free service, i like it a lot. it is one of the stocks like yelp last week with the big pop that's part of the social media frenzy ahead of facebook. >> do they have earnings tomorrow? >> i think they do. >> netflix dropping 3%. jb? >> yeah i think netflix is getting harder to dislike. but you know, i really don't have a lot of clarity whether or not this is going to be the next hbo or if it's goi

so short apple, long google. >> >> reporter:.ow 8 times p/e and well below book but joe t says sell because they're down? >> i said that? at the beginning of the show i said last week you had an opportunity based on the end of quarter markup to get long some names. all i'm suggesting is pairing back those holdings being long. that's it. selling off some of the winners. looking forward to april. financials is one of the first places that i will go again on strong earnings, which i expect jpmorgan, usb, wells fargo, american express, i like financials. >> feeling a little defensive? >> yes. and correctly so. >> all right. chuck, do you believe that the hot stocks of the first quarter, starbucks, apple, cmg, chipotle, pullback after window dressing time? b.k. >> pullback, sure. i think they would be buying opportunities. starbucks has a great plan. people continue to buy apple products. and chipotle's able to raise prices. and their margins are increasing. i like them all. buying on pullbacks. >> what do you make of the april 10 cal

i continually short apple puts. i'm essentially long apple. the $540 a share, don't focus on the $1,000, come to the conclusion that apple is still a compellingly cheap stock selling about 50% of growth rate. to me that's compelling value. >> you can catch more of brian sullivan's exclusive interview with apple co-founder steve wozniak. he'll weigh in on apple's market cap, future of the company, apple tv, so much more today on "street signs" 2:00 p.m. eastern time. don't miss that. let's talk some currencies now. the euro consolidating recent gains trading just above 133 versus the u.s. dollar. how should you play it from here? let's bring in head of rates strategy at bank of america. you're looking at the euro today but you're selling versus sterling, why? >> if you look at what's going on with the euro, it's not doing much of anything. it's start today stall a bit against the dollar. it hasn't broken any kind of support in a meaningful way, as you pointed out. but what i think is very interesting is the fact the dollar has began to suffer.

i'm long google, short apple on spread. >> and short johnny -- what's with applied materials? but weighed down. stephanie. >> this company continues to have issues on the margin side. i thought the ceo did a great job this morning on "squawk box" in terms of talking about how they're going to need -- with more features coming out in kind of smartphones and in tablets and et cetera, the price is go you need more go up. i prefer lam research better because of the novellus acquisition. >> we'll find out what our traders do and don't like in final trades. and how much the people in your life count on you. that's why we offer accident forgiveness, where your price won't increase due to your first accident. we also offer a hassle-free lifetime repair guarantee, where the repairs made on your car are guaranteed for life, or they're on us. these are just two of the valuable features you can expect from liberty mutual. plus, when you insure both your home and car with us, it could save you time and money. at liberty mutual, we help you move on with your life, so get the insurance respo

>>> an one or our analysts dears to short apple. crazy? >>> we're watching energy.rom the united states, has decided to release strategic oil stocks. this is according to three british sources. what is obviously a u.s. election year. john hoffmeister joins us on the phone. when these kinds of reports surface, how often are they right? >> well, i think, you know, skrenly, they're right temporarily. but, you know, releasing strategic reserves is not a solution. it's a temporary stop gap. it doesn't affect the underlying supply and demand issue. as long as we don't have a strategy that deals with the underlying supply-demand relationship, we're going to be vulnerable to whatever politicians want to try next. when the economy, when co consumers, when companies are depd depending on a stable price, it's doing more damage than good. it doesn't address the fundamental problem. >> i have talked to you enough to know how you would receive this news. i know you would not be happy. you're more interested in long-term solutions. help us understand, for those who need to know on

leonora writes making money shorting apple.'m more likely to have my name drawn to compete in the hunger games. that's a tribute. greg writes i'm more likely to see bernanke stop printing money. always going to be a bernanke tweet in there shr. and lloyds commodities writes i'm more likely to seat bankrupt dodgers sold for $2 billion than win the mega millions jackpot. >> one of the highlights of this week. very few can justify in anyway what kind of an economic return these guys can get from this thing unless they stack to frack under the stadium. that's literally what people believe is the only way they can see these guys making any kind of return. >> don't you want to say you own the dodgers? and that's of course what i will do. i will go buy the yankees. now, just so -- the reason why it's so hard for all these people, the odds that they were talking about, is because i've already won it, so very unlikely that they'll win. >> yeah, and there's all the different things you're more likely to have done to you. you're more like

apple. i shorted it at 300 and missed it, shorted it at 400 and missed it.that trade. >> uh-oh. >> s&p 500 year to date 2012 percentage leaders, sears up 151% year to date. so sears is the leading s&p 500 company. >> we own a few shares. >> following by netflix and amd. >> some of the bad boys from 2011. >> well, you've got to remember, the time we were buying these things, they were not popular and nobody liked them. >> to say the least. >> and maybe the consumer isn't dead and we're also worried about higher gasoline prices. when the market is higher, consumers feel a lot better. it trumps higher gas prices every day of the week. >> exactly. >> thank you, guys. good to see you both. we appreciate it. >> we're heading towards the close here with my twin. 24 minutes to go. dow is down 54 points. >> find out why a new tax could fair good rewards while hurting industry giants like bhpbilliton. >>> has oracle's wave of action started to pay dividends? we'll find out at the top of the hour. plus, we'll wind up the huge stories coming out of the tech overall. >>>

apple at this point. you say still sell it? >> i showed the stock in premarket trading around 6:05. it's around 5.83. i'm short a small amount and will give you my thought process. i viewed the apple capital allocation announcement as microsoft does. if you go back to july 2004, you can use it for a template of apple. not with that stellar growth prospect was apple flushed with cash. they did it $75 billion capital move which is far greater than apple. they doubled the dividend and announced the buy back double the size. what did the stock do years ago? a gap from 28 to 29 1/2 and within two weeks is back down. >> isn't it comparing apples and oranges? >> that's funny, melissa. >> i didn't even realize. >> i felt before the announcement a safe move would be the out come. i thought the residue of the job's influence on the board of directors would hold and as you discussed, i don't think people were thinking about this in the announcement. 2/3 of the company's cash hort was overseas. in spite of the stock would be a safe move. >> most people knew there was this overseas-u.s. issue. but what would it take for yo

. >> i'm going against the headwinds and saying that apple is going to go down and the public is about to burst. the way etx, short> brenda: todd, what do you think a bull or bear. >> i'm a bear, apple is going much higher from here. >> brenda: what do you like. your prediction. >> nike, so exclusive distributor of nfl jerseys the first time this fall and stock up 40% by super bowl. >> brenda: jonas bull or bear on nike. >> already expensive, my friend. >> brenda: okay, what do you like, jonas your pre he dix. >> sky high oil prices and airline stocks cheap and play with fidelity fund and represent in one year. >> brenda: okay, toby, bull or bear. >> what is he smoking, he's crazy, going down and-- >> okay, and your prediction, toby. >> three out of ten kids are li

apple is returning money to its shareholders. the biggest boost to earnings that i can think would be an increase in short-term interest rates by thehe cash to people who own the stock. in the end, apple, you buried the lead. after the incredible sales, i think earnings estimates are way too low. that's what matters. i feel more certain than ever that the company can make my prediction of $50 in fiscal year 2012. 12 times earnings with a decent dividend? hey, find me another growth story with those characteristics, and i'll tell you that you have a best-in-show stock to own and to invest in, and yes, to celebrate for 2012. stick with cramer! >>> it was like a dividend fest. first my daughter is over and we order domino's. and $3 dividend special. then right over to the apple store and that's the beauty of seeing young, old, everybody congregating around the apple ipads and i

apple is returning money to its shareholders. the biggest boost to earnings that i can think of would be an increase in short-term interest rates by well give the cash to people who own the stock. in the end, apple, you buried the lead. after the incredible sales, i think earnings estimates are way too low. that's what matters. i feel more certain than ever that the company can make my prediction of $50 in fiscal year 2012. 12 times earnings with a decent dividend? hey, find me another growth story with those characteristics, and i'll tell you that you have a best-in-show stock to own and to invest in, and yes, to celebrate for 2012. stick with cramer! carfirmation. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. two of the most important are energy security and economic growth. north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of

apple is returning money to its shareholders. the biggest boost to earnings that i can think would be an increase in short-term interest rates by thee who own the stock. in the end, apple, you buried the lead. appear the incredible sales, i think earnings estimates are way too low. that's what matters. i feel more certain than ever that the company can make my prediction of $50 in fiscal year 2012. 12 times earnings with a decent dividend? hey, find me another growth story with those characteristics, and i'll tell you that you have a best-in-show stock to own and to invest in, and yes, to celebrate for 2012. stick with cramer! [ male announcer ] the next generation of lexus cannot be contained. [ clang ] the all-new 2013 lexus gs. there's no going back. see your lexus dealer. >>> >>> seconds away on "the kudlow report," why is the president lying had he says we have only 2% of world oil? we actually have 60 times the number he keeps spewing. >>> plus, are we about to fall off a fiscal cliff? former fed vice chair allan blinder joins us. and is obamacare bad for women? "the kudlow report" moments away. >> don't miss a new "how i mad

apple has always been tight- lipped about the next ipad. we do not know for sure what the features will be of the device. the short news tomorrow at 8:00 p.m. and that will fill you in on what apple unveils. it's getting crowded at toyota's #1 for everyone sales event. why? 'cause people know toyota's the best. toyota has the most fuel-efficient and longest lasting vehicles of any full-line automaker. plus, every new toyota comes with the peace-of-mind of toyota care, a complimentary maintenance plan with roadside assistance. so from camry to tundra, this is your chance to save big on our most popular models. with the incredible deals you'll find... ...you're gonna want to hurry in for this one. ♪ [ male announcer ] the great savings won't last long. don't miss out. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering, web-based trading platform. trad

apple is returning money to its shareholders. it can't earn much on that capital now. the biggest boost to earnings that i can think would be an increase in shortight as well give the cash to people who own the stock. but in the end, apple, you buried the lead. avenue the incredible sales this weekend i think the earning estimates are way too low. that's what matters. i feel more certain than ever that the company can make my prediction of $50 in fiscal year 2012. 12 times earnings with a decent dividend? hey, find me another growth story with those characteristics, and i'll tell you that you have a best-in-show stock to own and to invest in, and yes, to celebrate for 2012. stick with cramer! [ male announcer ] if you think any battery will do... consider the journey of today's athletes: ♪ their training depends on technology. [ beeping, ticks ] and when their devices are powered by a battery, there are athletes everywhere who trust duracell so whether they're headed for london or the journey has just begun... they rely on copper to go for the gold. duracell. trusted everywhere. when i'm on the night shift. when they have more energy than i do.

apple stock gained only 43 cents yesterday. that's long story short. 2 yesterday. let's go back to joseph kony for a sec. that website is up to 26 million views. mainly because of the guy, the california filmmaker jason russell who did a documentary while teaching his own son approximate how bad this guy is taking kids into trafficking and sexual slavery. so 26 million people in and the hope is yesterday when i went to the game change premiere, everybody was talking about that on the red carpet. the hope is that there will be enough awareness that people will do something. >> but the atrocities is almost an understatement of what's going on there. >> the power of social media. >> alzheimer's is becoming an 'em dem i can. we'll show you how to fight it off. you're watching "cbs this morning." >>> this portion of "cbs this morning" sponsored by green mountain coffee. a revelation in every cup. ♪ we can't guarantee she'll always mind her table manners. we can't guarantee she'll be much help with the yard work. we can't guarantee she'll stay out of your per

at least short term we'll find out later on apple. the dow holding steady here seven days in a row. world on fire the way apple was, but seven straight days, at the end, or at least this portion after we come off the lows back in october, still pretty impressive for the dow industrials to do that. it was sort of a comeback day for a lot of investment. the ten-year note, we saw yields come back a little bit here from those peaks that we hit yesterday, as everybody was trying to get out of the treasuries and go into the stock market. 2.25, 2.27 on the ten-year note. gold, a huge decline yesterday, and back up $15 plus. a 1% gain there. this market is looking for support levels somewhere of some significance. the one market we watch carefully is the brent market. brent north sea crude. this was just on talk that maybe we're going to see a coordinated release, as the strategic petroleum reserve among major countries around the world, just on talk. you saw that decline there. when you had the denials of any deals in place, the market came back a little bit. you know how skittish the oil

short. also as a passer and another three-point shooter. >> verne: here is payne. with appling.een guarded by thomas. wood pops out. look inside. looks like they got aaron craft. that's his third. that will send keith appling to the fine. >> clark: both these coaches have seen from their teams a fight and a grit that you like to see, that bodes well going forward. look at the foul trouble. plenty for both squads. as you get ready for big ten tournament play, as sullinger returns and ravenel did a bang-up job in his time on the floor -- he was absolutely terrific. >> verne: eight minutes played, seven points, two rebounds and two assists. that's the line for evan ravenel. this would put michigan state back on top. >> clark: i talk about the grit and ad-- from your team, at some point there will be the adversity and you have to have the wherewithal to stay the course, and both teams, particularly ohio state have shown that quality here with the big ten championship. a piece for ohio state and an outright one for michigan state on the line. the second time he got it. >> clark: big

apple has the cash to do this. shareholders have been wanting something for a long time the got about a hundred billion dollars in cash and short-term securities it will work out to about $45 billion of costa apple of the next three years to about 50 billion galt dollars to play with and to build probably be looking at different ways to buy supplies to keep up their nonstop anticipation not demanded the at had in the iphone the company's stock moved higher on news it's up about 1/2% $9 higher at 98 at a 6 $7 last week for the first time starbucks is starting something new is started selling wine and beer if he locations recently and now look at its first fresh juice stored it will be in bellevue was as close to the company's headquarters in seattle is called a revolution fresh if they choose company is based at san bernadine no for $30 million and will have a healthy focus of jews salad vegetarian begin items it takes of adult bellevue expect to see it at a location stocks right now are mixed looking for some direction nasdaq is up by eight points the snb is gaining two. back to you. >>> to the all-important question. >>> had t

. >> and now a cnbc exclusive steve wozniak reacting to apple hitting $500 billion in market cap just a shortn sat down with the apple co-founder at the ypo global leadership conference in singapore. wozniak was the keynote speaker there. cnbc and the young president's organization have launched a broad new partnership so could the woz ever have imagined that apple, a company he and steve jobs co-founded in jobs' garage, would ever get into that elite half a trillion dollar club? >> $500 billion market, did you ever believe that apple could reach half a trillion dollars in market cap? >> i have to be honest, i'm an engineer. i don't keep track of -- i don't want to worry about money and amounts. >> reporter: you are a stockholder and you are still an honorary employee of the company. >> i am so honored it is the largest cap market, market cap, whatever you say, in the world. yeah, it's a huge company and it's a lot of companies in one. every one is so excellent. the retail stores is a company. the itunes music is a company. the ipods are a company. the ipad is a huge company. and we still hav

qe is still in the ball game, so i'm not expecting a big decline, but in the short term this market is topping out. we see apple go into pair ball lick fashion. the opportunity to see right now is the opportunity to lighten up and not to add. >> if we see a pull-back, mark, what would you want to load up on specifically? >> i would welcome that. i've been looking for the same, and i've been frustrated as to the deferment it seems at this juncture. something that's relatively shallow would provide an opportunity to step in areas like, again, energy, cheap valuations relative to the market names offer a decent yield and halliburton and oil services company. technology, so we like stocks like microsoft and intel. >> we were just mentioning in the opening sequence that ibm is at an all-time high. a number of by tech have incredible runs year to date. tech still looks like good value to you, mark? >> it does, mandy. valuations are still at about one half of their trailing 15-year price-to-earnings ratio with the growth rate expected to be the over all aggregate p.e. that remains about 1, which is still compelling p

apple will do with its substantial bank balance. this is what the california company is sitting on, in terms of short-term equivalent. it adds up to $97.6 billion. it's probably a little more from that right now. dividend payments may be offered by apple, which would mark the first major change in direction for apple since the death of former ceo steve jobs. we'll keep you updated at 1:00 p.m. london, 9:00 p.m. here in hong kong. we're not expecting to hear from tim cook before the show. but certainly, a lot of people are watching this. it will be interesting to see if apple gets rid of some of that money. they're sitting on an enormous amount of money. you compare it to microsoft, and people talk about microsoft, how much money they've got, that's about $50 billion. apple doubled that. >> yes. considering it's on their way, someone is saying towards becoming the first trillion-dollar company anywhere in the entire world. >>> still to come, a household name in china. but a man of little consequence elsewhere. that was until now. we'll tell you why the fires of the political chief in the chinese city of 30 million peop

apple orchard, do you remember exactly where that is? >> i'll page through it and see where it is. i might do a short theme where i describe what he looks like and this perfect them. >> if you want to revert to your texas voice. >> the last time i saw my brother, we had an immense fight. it was in his house in san antonio, i am describing, the book opens with this fight. this is sort of a picture of my brother at this exact moment. there are always apples around him, women, too. apple pie, big sheik antique bowls of wooden apples, read and golden, apples pencils, produce framed on the library wall, texas vegetables from the rio grand empire. i am an american first, then a texan he would say not understanding he sounded like auggi march. the clues are there, i later realized. a man's fate is his character. you always have to show off and tell us what you know, carl said. i'll be in washington next week i say. i have an interview, i have to close of peace. you promised me, you said you would stay away from washington state. you sat right here and said you would not go to the cascades. he yells as loudl

short attention spans. >> good to see you. coming up next, another milestone for appleze for downloading application #25 billion. [ male announcer ] for the saver and a big first step. fothe spendewho needs a little hhelp saving. for adding "& sons." for the dreamer planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ ♪ >> the maryland air national guard is among the oldest of its kind but new rules are threatening its size. >> we've got more on what it means for you. >> the video is dramatic. the mission was crucial. in afghanistan flying into remote and hostile areas dropping supplies, transporting troops and evacuating the wounded. it has been the air national guard mission for decades, but now it's brand new birds are on the endangered species list. >> we've all come to know and love this plane and enjoy flying them. >> the air force has recommended steep cuts as part of the shrinking budget. the loss of these planes wi

and wall street stretreats it a short-term. >> herb, isn't this whole thing about the new ceo from applee's going to re -- >> yeah. >> so i saw the new stores, it doesn't look very different to me. numbers don't look great. >> it's a process. the numbers aren't going to look great right now. >> takes a while to turn around. >> but they added a lot of market cap on in advance of this and i think maybe they're getting disappointed it is going to take so long. >> people always buy on the story. they buy on it and passion it out. you watch. >> how about a pina colada. up about 12% on earnings. we're ahead in the second half of the show. >> actually, pretty nice this saturday. we're going to go to home depot. buy some wallpaper. maybe get some flooring. stuff like that. maybe bed, bath and beyond. i don't know. i don't know if we'll have enough time. >> sounds like my weekend. anyway, why frank the tank might want to head to wall street. plus casino royal, profit and pain from america's out of control love affair with blackjack, roulette, craps. digging into the potential house of cards when

pretty much a home run. >> so are you you maintaining your estimates and price target on apple even though it came up shortat one front? i'm asking because it's interesting to me that a lot of analysts say, yes, it's a great device but didn't necessarily deliver every single thing that we had hoped. >> apple is a tremendous company. the stock clearly anticipated this new product coming out. i think it will take a breather here in the short term, but as we gauge consumer demand and how the consumer responds to the new hardware, i think at that point that's really the next game, that's the next catalyst for the shares here. and if they start to beat estimates, we have 12. 7 million units in our model for this quarter. if it starts to track ahead of that with a great launch, then you'll see the stock work up again. >> sounds like your biggest disappointment is that you would have liked to have seen face time available over 4 glte. >> right. video communications peer to peer, that's really the next frontier for wireless. we're not quite there yet. we can do it on our coach, but not able to do it in a fully mob

apple? >> i dare. i dare. >> you must be short the stock. slip-on's the way to go.at, security would be like -- there's no charge for the bag. thanks. i know a quiet little place where we can get some work done. there's a three-prong plug. i have club passes. [ male announcer ] get the mileage card with special perks on united, like a free checked bag, united club passes, and priority boarding. thanks. ♪ okay. what's your secret? [ male announcer ] the united mileageplus explorer card. get it and you're in. [ male announcer ] the 2012 m-class continually monitors blind spots, scans the road to reveal potential threats, even helps awaken its driver if he begins to doze. so in the blink of an eye it will have performed more active safety measures than most cars will in a lifetime. introducing the all-new 2012 m-class. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. [ kareem ] i was fascinated by balsa wood airplanes since i was a kid. [ mike ] i always wondered how did an airplane get in the air. at ge aviation

nasdaq, he said shouldn't market makers be allowed to short, naked short selling to provide liquidity? if somebody wants to buy apple and there's no shares available, wouldn't be a good idea that we seldom the shares and then find them later? the sec said yes, and that exemption was massively abuse in 2008 by market makers. i write about all this in the book and explained all of it in detail. but basically without our knowledge we have no idea who was doing it. someone could short sell lehman brothers goes down, massive naked short so, using the native extension, destroy the company, destroy the economy. we are still living with the repercussions today. most people stock portals have not returned to the level they were four years ago. that's an economic weapon that is bring down the united states, so thank you. next question. >> how much time is left before returning to greece? >> mr. beck asked back, and i hope 100 years. i hope to centuries. i hope never that we turn into greased. but the reality of it is, between six months and six years is my estimate if we don't make a change for when our economy would be greec

short break here. 12:49 in new jersey. we are, again, counting you down to the apple event.o change the color of the corporate logo to lime green. it could happen. anything can happen, except for that last part. we're back after this. ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ >>> it has certainly been a bumpy road for the transportation sector lately. the djt down nearly 5% since the beginning of february. our own steve cortez has been on top of this trade. and he says this chart is telling him to be wary. why is that? >> i think there's more to come. transports are underperforming today and in fact they've been underperforming for weeks. what i think the main culprit why they're underperforming, i think it's because of coal. when you look at kol, it's trading very poorly right around unchanged for the year

short lived though. cooler conditions will return into next week. >>> fresh off a buzz over a possible ipad 3 release in the coming days, apple is marking a mile stone company's value propelled to new heights tuesday, reaching $500 billion. that puts apple in exclusive territory. it is now one of the five most valuable companies at any point in history. only microsoft , exxon mobile, civico, and general electric have ever surpassed that work. the company is now worth more than many countries, including saudi arabia. and the stock is going for more than $540 a share. micosoft unveiled windows 8 for public testing today. microsoft also opened a new windows store. it will be the marketplace for all windows 8 apps. for now, the apps are free to download. microsoft hopes its new products will help the brand win back some of the luster it's lost to apple and google in recent years. >>> the warriors look to keep the hot hand tonight. >>> and battered but not beaten. that was the story of jeremy lin tonight. bay area ! here's big news from verizon wireless and xfinity from comcast. now get the xfinity triple play and verizon wireless together. call 855-704-