stay tuned for a live and first on cnbc interview with zillow's ceo spencer rascoff at 11:00 a.m. >> ll this eliminate the possibility he's going to become a co-host? we make jokes about spencer, he's the most open ceo i've come across. he did say he would destroy trulia, when he was on "mad money" basically that didn't work out. >> no. >> he's making them happy or shareholders conceivably. it's all stock, of course. it's one valuation for another valuation, creating what i assume significant costs -- cost savings and i mean i'm curious to see how the stocks are reacting. we see zillow down a bit. >> zillow ran up so much, such an open secret, those who have used zillow, two zillows, the zillow in the rest of the country and the zillow that didn't work in new york, bought a listing system in new york and zillow came on strong. speak to the big real estate companies that are public, they've embraced zillow. initially they wanted to put zillow out of business. they have no choice. this is one very expensive on earning stock. it's now up there in the pantheon of stocks almost like yes, t

susan lyne and spencer rascoff join us. by gunmen kenya's coast till at least 22 people according to the red cross. qaedants linked to al took responsibility but kenyans blamed local separatists. up to 20 marijuana stores could open tomorrow. some shop owners are worried about shortages of the "precious" drug. the drug will be heavily regulated and heavily taxed. a change in the air for some passengers. they will be required to power up their electronic devices -- you heard me, power up. securityportation administration says the devices that don't switch on will not be allowed on planes. those travelers may have to undergo additional screening. that can't make sense -- you can't bring on those little things you shake with the snow because there's too much fluid. >> when you go abroad as an american you get constant eye rolls from security going "no, i know you are an american, keep your shoes on, keep moving." such frustration at those airports -- >> i flunk it every time. >> what is the special one? >> special pass and you

spencer rascoff is the ceo of zillow. spencer, great to see you. congratulations. good morning. >> thank you very much. thanks for having me. good morning. >> obviously, this was not the best-kept secret of the past 72 hours or so. how far back does this adventure begin? >> well, the adventure begins for real eight or nine years ago because our companies have always admired each other. this most recent deal came together over the last six weeks when we approached trulia and said we thought now would be a great time to combine. >> spencer, with the stock up so much, how did you get them to take all stock for this? >> i think the trulia board on behalf of trulia shareholders think that we're just getting started. and they wanted stock. they wanted to share in the combined upside of this new company because both sides, zillow and trulia, think we're just getting started, that there's a long, long road ahead. >> got a question about structure here going forward. trulia's going to remain a brand, the trulia ceo will report to you, i believe they'll get a board member as