steinberg is going to argue the same thing, if steinberg goes, get that out, watch steve cohen try to make a play back into the business. that's what i think is going to happen. liz: somebody needs to figure out the definition of insider trading. get it right. >> there is no definition, it's a bunch of court rulings that you have to interpret. there's no law. that's a whole other segment. they should create a law. >> when somebody wins because others didn't have what they have, they're going to fight about this in the courts. >> then it becomes -- i beat the morons at cnbc all the time, breaking news, all the time. why should there be a law to make it a level playing field because they're stupid and pathetic. why should they be able to get my scoops because they are stupid and pathetic? liz: like netanyahu -- silence. >> they're stupid and pathetic, there is no reason why we shouldn't -- we have a business, morons over there, they're morons, we're not. liz: charlie is faster. >> they're dumber. we're smarter. dumber inglewood cliffs dumb, smart. liz: closing bell rings, they take his

john steinberg, i know you like doing deals. you like watching deals get done. >> it's a competitive move. they basically have to do. when you think of the buyers of storage, cloud-based storage you have google and amazon basically, and then in devices you have apple and samsung, and actually, samsung has a seven-year deal with them that's actually expiring on august 2016 which just shows you the kind of competitive threats that sandisk is under. solid state storage is the hard drive storage, and devise, are you looking at in an and in an 3-d. in both places these players need to compete against what are becoming a relatively few number of buyers for the products. people are not putting serbers in racks like they used to. >> nan flash has become a key component in this business, and also there's an issue of over supply that's been driving prices down. sandisk has been wrestling with that. intel just announce thad they're going to convert one of their manufacturing facilities. one of their fabs in china to 3-d over time. that is

john steinberg, after hours. does this just prove how tough it is to be a network when you are not the leading network, the network effect of only having 300. >> that was taken for granted, and we have good revenue numbers. now we don't even have good revenue numbers. it's taken down dramatically by almost $40 million, $50 million. bob peck does a nice analysis. they show for the first time the revenue coming off site. that way you'll be able to deduce the growth of the on site. last quarter it grew 50%. this quarter 42%. with next quarter's forecast, only 30% revenue. >> the core is slowing. the core revenue is slowing. yes, absolutely. >> john fort, steifle upgrades the stock saying the worse the quarters are now, the easier the comps are next year. it seems like a little bit of a backward way to be thinking about a company that's publicly traded. >> especially given the pessimism that you see around apple, right? here's a company that's growing now. says they're going to grow next quarter. people are worried a

john steinberg. thanks. when we come back, plenty of drama for draft kings as the daily fantasy sports website continues to defy the state of nevada. we've got the latest on that. first, rick santelli what are you watching? >> well, watching a lot of deflated faces here in chicago after a rotten sports weekend. but not so rotten necessarily for china. 6.9% of a larger economy still isn't a bad thing, is it? tune in after the break and we'll discuss it. >>> coming up on the halftime show, with a third of the s&p set to report this week, we're trading the names set to mean the most to your money. the analyst who says he's found the next great big cap juggernaut. we'll have that reveal. and can ferrari rev up your portfolio? we'll see you in about 15. >> draft kings defying nevada regulators by continuing to operate in that state. the daily fantasy sports company is valued at more than $1 billion. still accepting entries into its contests even after the nevada gaming control board told draft kings to quit opera

john steinberg. >> when we come back, this morning the next version of apple tv hits stores tomorrow.s it worth your money? walt mossberg will join us with his review in just a moment. >>> coming up on the halftime show, you just heard from go pro founder and ceo nick woodman. we'll now ask the bullish analyst on the street if he is sticking with the call. what a deal means for the health care sector. the mow teshl rate hike ahead in december. is it time to buy or sell that space? we'll see you in a few. >> sounds good. we'll go to kate kelly with a news alert. i think it might be on vrx. >> that's right, carl. how did you guess? there is so much news coming out, and it's been down 30%. now their largest shareholder issuing a letter in defense of the company he is honest, driven. however, drug price hikes, which we know has been politicized as well as a real issue, lately, have created ill will. there seems to be no legal reason in ruane cunnif's eyes that have become controversial of late. a couple of things she suggest or have as concerns. they think sometimes doing everything legal

jonathan steinberg of wisdom tree, always good to see you. >> thank you so much. >>> all right. heading to the close, 35 minutes left in the trading session here, the dow still down 39 points but really, i mean, we have had four down days this week but the market will finish higher this week and for the month the dow is up 9%, its fourth best month in four years. incredible. >>> all right. coming up, kliner perkins ray lane is going to talk tech startups, find out what he is betting on and if he says valuations in the space heading out of control. >>> also a heard our dominic chu and seema mody will tell us which stock markets around the globe managed to outperform wall street this month. we have a lot to get to coming up. you're watching cnbc first in business worldwide. >>> the moment market nerds have been waiting for. we have the heat map, all ten sectors how they did inside the s&p 500 index during the month of october which by the way i mashed up a couple of statistics here, what october has been, it has been the best month for the market in four years. it has been the fif

steinberg. we've reached out to his attorney for comment and haven't heard anything yet. but again another impact of these landmark decisions around insider trading in new york which is the venue where these cases are probably most often brought. >> what a big, big deal. thank you so much. kate kelly with the late snooes let's send it over to dominic chu for a news alert on gnc. >> the shares are halted again. they've been halted for six minutes or so, they are down 14, 15% heading into a halt. this time this halt is for news pending. again, there has been a request to halt the shares for pending news. we do not know what that news is yet. to recap the earlier headlines the oregon attorney general has filed a lawsuit against gnc for possibly knowingly selling drugs, again, supplements containing certain synthetic drugs as part of this particular case here. the shares spiked sharply lower on those headlines, now this halt is for pending news. we will bring that you news when it becomes available to us, guys. remember, the firm did already say that gnc does not comment on p

your cofounder and ceo david steinberg is also with us.his is attempting to take on this big problem of data analytics, competing with the likes of microsoft, salesforce. we just heard amazon announcing a new product. zeta makes you think that has what it takes? david: we joke and say we have some small competitors like adobe and salesforce. we take a and make itdat operational, whereas other companies are focused on crn. we do the entire lifecycle. we help our clients create new customers, in addition to keeping them longer and selling them more products, by using massive pools of disparate data and combining it into solutions. emily: as someone who has been through so many eras of technology, from apple to pepsi, $125eta -- you guys raised million in a $1 billion valuation -- how do you deliver on the promise of zeta and manage your own strategy? john: i've been in consumer marketing for almost my entire career, and this is the logical next step in consumer marketing. it's all about data. the zeta has been an incredible story. we will cr

experts like professor steinberg believe the number is conservative. >> because they are undercountedt makes it seem like their numbers are much smaller than they really are. it is a big problem. >> we interviewed nearly two dozen current and formerly homeless youth too old for children services. services are sparse. >> adolescence, that stage of development gives us the last best opportunity to help them change their path. >> john is with covenant house pennsylvania, the city's only crisis shelter serving this age group. space is limited. about 34 kids a month are turned away. many are young or expecting mothers. >> unfortunately the city of philadelphia, the city of brotherly love has left homeless kids out in the cold. >> city officials say they are committed to the issue but that the u.s. department of housing and urban development provides the majority of funding, promises to focus but not until the end of this decade. too late for kids who have no place to stay tonight. >> frankly, if we don't catch them here, the data is clear, they are going to go on many of these kids to beco

experts like temple university psychology professor steinberg believe the number is conservative. >> because they are undercounted it makes it seem like the numbers are smaller than they really are. but it is a big problem. >> we interviewed nearly two dozen current and formerly homeless youth too old for children services but not truly adults, services taylored to them are sparse. >> that stage of development gives us the last best opportunity to help them change their path. >> john is with covenant house pennsylvania t city's only crisis shelter serving this age group. about 34 kids a month are turned away. many are young or expectant mothers. >> unfortunately the city of philadelphia, the city of brotherly love has left homeless kids out in the cold. >> reporter: city officials say they are committed to the issue but the u.s. department of housing and urban development provides the majority of funding. hud promises to focus on family homelessness but not until the end of the decade, too late for kids who have no place to stay tonight. >> frankly, if we don't catch them here, they

. >> how did you find doctor steinberg? >> i came across his commercial watching kron 4. driver and here we are. >> how did you treat anthony? >> by training his brain with eeg neural feedback. he came back for these sessions and gradually began to find himself, get his life back, con down, sleep better, get rid of the depression and anxiety and now he doesn't overreact to life's little insults. >> how has it changed you? >> it made me a lot, and i am learning how to handle things differently now.>> doctor steinberg for you? without medication. >> without medication. >> for many people, with their different assortment of problems, we help them calm down and focus better and sleep better. we treat sleep problems, headaches, anger, excessiveness, bipolar disorder, concentration problems, a.d.d., anger problems, the whole 9 yards. if your brain control this, we can make it to better. >> your moods changed a lot? >> so much better. happier. >> excellent. if anthony's story sounds familiar, give the doctor a call. >> this segment is sponsored by doctor mark steinberg. >>> we a

dropping charges in a high-profile insider trading case that will reverse the conviction of michael steinberg new york city federal prosecutors said an appeals court weakened his case, with the ruling narrowing the definition of insider trading. procter & gamble's quarterly revenue misses estimates. the consumer products giant gets its revenuehirds of from overseas. it has been hurt by the stronger dollar. and the government is getting comical phillips the green light to drill for oil in an alaskan region that had been off-limits. federal sales were canceled last week due to a lack of interest. that is the latest bloomberg business flash this morning. for a look at the u.s. market and the big rally we are saying, earnings,-- due to abigail gibbons has the latest from the nasdaq. bigail? abigail: big earning two ports out from amazon, google, microsoft. all of these companies beat analyst estimates with many saying it has to do with cloud-based computing or what some are calling the shift to cloud. amazon supplies to the upside in at least two ways. profit, 79rst post a million dollars, or $.1

. >> newman is affected, but also steinberg? >> michael steinberg, it would seem this is the final technicality that needed to happen in order for him to be a free man with no further danger of additional cases or additional liability. he would seem to be off the hook. of course, as you said, todd newman, anthony chaccin exonerated. the precedent it sets for cases in this area. other appeals courts, other than the 2nd circuit in the new york area have decided on a broader definition of insider trading, that's their most recent precedent. it's easier to bring broader insider trading type cases in other jurisdictions. now in new york this will be the law of the land for the moment at least. >> yeah. >> probably may not be the last headline we get from scotus today. kate, thank you very much. >>> with all of that dow is up 164. let's get to mary thompson on the floor. >> carl, dow very close to the highs of the session, just off them a couple points. the mood very positive coming into today's session. given the big reversal in the

laurence steinberg believes that's conservative. >> because they're undercounted it makes it seem liketheir numbers are smaller but it's a big problem. >> reporter: we interviewed two dozen current and formerly homeless youth too old for children's services but not really adult. services tailored to them are sparse. >> that stage of adolescent development gives us the last best opportunity to help them change their path. >> reporter: john dukoff is with covenant house philadelphia. space is limited. about 34 kids a month are turned away. many are young or peck tonigexp mothers. >> the city of philadelphia, the city of brotherly love, has left kids out in the cold. >> reporter: the u.s. department of housing and urban development provides the majority of funding. hud promises to focus on youth and family homelessness but not until the end of this decade. too late for kids who have no place to stay tonight. >> frankly, if we don't catch them here, the data is clear, they are going to go on many of these kids to become the next generation of chronically homeless adults. >> but when given

a couple of profile case, michael steinberg, sac capital, could see conviction under appeal and coulde turned around? >> if in that trial the government failed to prove in the record, has to be in the record, they to prove that this person, the defendant knew that whoever gave him information breached their duty wherever they worked, the case can be overthrown. lori: wow, this could be precedent-setting. not over yet. >> correct. lori: see you in a little bit, i think. >> that's what they told me. david: we'll be talking about that. meanwhile all-day breakfast at mcdonald's is here. guess what? investors are loving it. mcdonald's shares hit new 52-week high. rallying for a fifth consecutive session. that marks the longest winning streak for mcdonald's in 2015. >>> reality check for fantasy football. new accusations of insider bets rocking the billion dollar industry, lori. lori: looking to give you deja vu, a iconic '80s movie returns to the big screen. ♪ awe believe active management can protect capital long term. active management can tap global insights. active management can take

he's requested to speak with assistant deputy superintendent rachelle steinberg in order to plead hisase. >> how you doing? >> i'm all right. >> i dealt with him for probably the last five or six years whether it was in classification or in my current capacity as a assistant deputy superintendent. >> you made a comment to the officer. >> he's a very smart individual. however, he's very manipulative, knows how to get what he wants, and knows how to play the game. he's a good talker. >> i just want to see if i can get this straight. you're telling me that whole 4 1/2 months i slipped up one time and everything goes down the hill. that's what you're telling me? >> no. you had a choice and you made a choice not to do what was asked of you. >> i just can't -- i really don't understand that because it all started off in the morning. >> yeah. >> about some juice. i didn't want to pour the juice. i had other issues going on too but everything was adding up. you know what i'm saying? >> yeah. >> you have to look at positive side. he caught a ticket, but he didn't catch a ticket for threatening

as donald steinberg has said, this has become my favorite quote of the last year and you can see, we invited him because he wanted to hear directly from him and not just his quote, but take a look at that quote there. respectthe society women and those that don't. who is trafficking in weapons and drugs? who is harboring terrorists and starting pandemics? whose problems require u.s. troops on the ground? there is a one-to-one correspondence. don't tell me there is no relationship between national security and the empowerment of women. he is right. what i like to do now in setting the stage is explore that proposition in greater detail. to open, and a sense, the dialogue for the conference. does the security and status of women in fact the security of the nation is not some brand-new proposition. for example, in 2006 we had even state that theal world is treading -- starting to grasp that there is no policy more effective in promoting development, health and education than the empowerment of women and girls. i would venture that no policy is more important in preventing conflict or ac

dropping charges in a major insider trading case i would reverse the decision against michael steinberg hisurt case. the ruling narrow the definition of inside trading. matt: we start with up. the chinese -- the u.s. companies that are sensitive to the chinese news are often times those that own casinos in macau. vegas sands,las wynn resorts all gaining on the news china will cut its interest rates and requirements. let's look at the date earnings from the tech giants yesterday. microsoft up 10%. amazon up 10%. 10%le, now called off, up after they beat estimates yesterday. they are not all winners. let's look at some big losers. pandora down 30%. skechers, disappointing earnings. down 30%. stratasys down 20%. taking a look at what we will do next, how the thinking -- is changingscape with richard byrne. stay with us. ♪ stephanie: welcome back to "bloomberg ." we have to talk banks. are seeing stalled revenue growth and big declines and fixed income trading across the board. four major european banks are restructuring. byrne, we have to start with deutsche bank. alumni,eutsche bank l

i don't think it was a coincidence as donald steinberg has said, it has become my favorite quote of the last year, and you can see that we invited him. because he wanted to hear directly from him, not just his quote. but take a look at there. not just his quote. but take a look at there. compare those societies that respect women. and those that do not. who is trafficking and weapons and drugs? who is harboring terrorists and pandemics? whose problems acquire u.s. troops on the ground? there is a one to one correspondence, do not only there is no relationship between national security and the empowerment of women. and he is right. and what i would like to do now in setting the stage is to explore that proposition in greater detail with you. and sort of open and set the dialogue for the conference. that the security and status of women impacts the security and stability other nations is not some brand-new proposition. 2006,ample, way back in we had kofi annan the then you united nations secretary-general say that the world is starting to grasp that there is no policy more effective in pr

michael steinberg, sce capital management.tips that the original guys did. stuart: i got it. okay. they're killing me here. now this. a draft kings employee won $350,000 on fanduel. allegedly using information not available to the public. we should know that fox business parent company, 21st industry fox has an investment in draft kings. is this insider trading? judge napolitano is here. the key thing is this is not insider trading or not, this is all about gambling, a game of chance. >> right. stuart: or a game of skill, which is it? >> right now this industry is totally unregulated which makes people like me happy because it's free market. you deal into risk. you're dealing with gamblers, you go to bed with dogs, you're going to wake up with flees. i'm not saying this is a dog market, you've got to know what you're dealing with here. the government can't wait to get its hands in us because they like to tell the rest of us how to live. here's the regulations for gambling. does the house win a percentage of the pot? that is is