spencer rascoff, ceo of zillow talks about the importance of mobile in a south by southwest learning from the pros. if i can impart one lesson to a new business owner, it would be one thing i've learned is my philosophy is real simple american express open forum is an on-line community, that helps our members connect and share ideas to make smart business decisions. if you mess up, fess up. be your partners best partner. we built it for our members, but it's open for everyone. there's not one way to do something. no details too small. american express open forum. this is what membership is. this is what membership does. >>> i met steve when i was 19. if there's anything that i would give as advice to people starting a business or young entrepreneur, get a mentor. the value that i've gotten from being associated with steve has been unlike anything that i could have ever gotten from any business school. >> people are lined up around the convention center here to get into the keynote speech of my next guest. anne wong sis kick started her company 23andme in 2006. it provides genetic tes

. >> thank you, spencer rascoff the ceo of zillow. letter "z." you see why they're the winner. with cramer. >>> coming up -- healthy look? seattle genetics has put cancer squarely in the sights of its technology. will this breakthrough science compel its stock higher? r? so ally bank has a raise your rate cd that won't trap me in a rate. that's correct. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. >>> lately we have seen a lot of action in the smaller develop stage biotechs, if you want to an investable biotech company, how about seattle genetics. search and destroy cancer cells. a big improvement over chemotherapy. one drug on the market and the company has an i amazing pipeline, including a lot of late-stage drugs. let's take a closer look with the chairman/president/ceo of seattle genetics. we talke

. >> thank you, spencer rascoff the ceo of zillow. letter "z." you see why they're the winner. with cramer. >>> coming up -- healthy look? seattle genetics has put cancer squarely in the sights of its technology. will this breakthrough science compel its stock higher? [ male announcer ] meet jill. she thought she'd feel better after seeing her doctor. and she might have if not for kari, the identity thief who stole jill's social security number to open credit cards, destroying jill's credit and her dream of retirement. every year, millions of americans just like you learn that a little personal information in the wrong hands could wreak havoc on your life. this is identity theft. and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection available. if jill had lifelock's protection, she may have been notified before it was too late. lifelock's credit notification service is on the job 24/7. as soon as they detect a threat to your identity within their network, they will alert you, protecting you before the damage is done. and

howard schultz, blake nordstrom, spencer rascoff and clay siegal. that city has so many great companies. that just touches the surface of them. amazon is there, and so is costco. a very interesting "mad money" tonight at 6:00. we'll be right back. back. [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ from td ameritrade. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pul

. >>> zillow's ceo spencer rascoff. good morning, spencer.e right back. >>> welcome back to "squawk box." in the headlines this morning, mortgage applications fell 3.5% last week according to new figures from the mortgage bankers association. it comes as mortgage rates rose to the highest level since january. refinancings also fell, down 7.7%. and made up the smallest proportion of total applications in four years. >>> and we are an hour away from the latest data on durable goods orders. and economists think that the orders rose 0.8% last month, which would partially reverse a 1% decline in january. we'll be watch -- this is a pretty important number typically if you're trying to gauge what type of gdp growth we're seeing. >>> and gps device maker garmin is rising in premarket trading. garmin was upgraded from buy to neutral from citi which says it's convinced that its vevo fit will be a big hit. andrew, with smartphones and all that stuff, i didn't understand why garmin is still viable. >> garmin's got a business. >> what is it? >> you just

down not with only howard schultz but also blake nordstrom, president of nordstrom, zillow ceo, spencer rascoffhe ceo of elt jsea genetics. we have some news on s.e.c. capital. kate kelly has the story. >> kelly, in a dramatic move intended to improve compliance s.e.c. has hireded cia backed data miner pallen tier to better monitor it's own employees. they explained the firm's desire to take the data they already have and better connect the dots in order to ward off future misconducts. palantir has already conducted a pilot program and based on the results of that, it's been hired full time. this is only sac's latest move to reign in errant workers after a slew of insider trading convictions and a $1.2 billion justice department settlement that ended its life as a public hedge fund. they will be renamed point 72 and the firm will invest only founder steve cohen and employee money plus that of some cohen family members. pal lantir is adding sac to a client roster that includes the fbi, jpmorgan, and morgan stan lay. >> thanks very much. >> we've heard from a lot of folks on how yellen did today.