it's steve grasso. so amazon we know now gets 68% of its profits from electronics and general merchandise. where does -- you alluded to, they made an incredible amount of spending. they divested a lot going forward. where does apple become, dare i say, a value trap that no one would be willing to say now but could you see that happening? i think you aluded to it already. >> apple, a value trap? the stock could fall a lot -- >> yeah -- >> before you get there. i think that's where microsoft for a lot of people is now. >> i'm going to give you a different view before we get to guy and apple or amazon. anybody can jump in. as a long-time apple user, here's the difference between apple and most companies. when you -- and i love the mac numbers, by the way. nobody's paying enough attention to those in my mind. once you're in the apple ecosystem, you've got the apps, the music, the books, you're not leaving. it's the roach motel that's five star. >> that's -- >> you're not getting out. >> that is the most, ri

steve grasso's got a question. >> here's the basic thing. how do you fall back in love with a stock that's fallen out of favor? you touched on it with meg whitman, saying turnaround stories take a decent amount of time. yahoo has a knack for spending way too much money. will we see these niche takeouts? >> i don't think there are a lot of big takeouts left. i think all the innovation is happening in the smaller companies. so they would be called tuck-in acquisitions. but that's where the deep innovators are, where some of the innovation is happening in monetization at mobile. i also think that it's going to be a long dating period with this company. and it's going to take a while to turn it around. but she's got some time. she's got the cash. she's got the technical skills, she's got to find the talent and the small companies to buy. >> steve? >> and so you mentioned she has cash, but cash is not a commodity that's unique to her in this space. her competitors all have lots of cash. so are you counting on her to be able to deploy that cash be

steve grasso, give me the view on the floor of the exchange. mr. bernanke, mr. evans and other that is like the stimulus are your friend, right? >> you tell me where the central bank that's not printing money and i will give you a lollipop and i know that's what you're in the business for. for me i stayed invested in the gold miners. if you look around the globe, it is all you see. there is some predictability but we're in ab election year cycle and a lot of the unknown is out of the chairman's hands. >> there was a time going to the dentist, the only pay off was a lollipop at the end. >> it keeps you coming. >> we have much more to come coming back live from the investing congress and we'll sit down with whitney till son, the host of the great event and we'll talk about his investment pick and his highly conversational and provocative comments regarding netflix and apple zone. we'll follow and have more trades ahead on halftime. nces. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] ♪ [ male

. >> i am steve grasso. >> grasso, you first. >> you know, if the market holds up, 1,425 level, these things start marching higher. call names. aci. >> how many tie changes did you go through? >> looking at it after this, it should have been i am steve grasso, i am fat money. i took up the whole screen. >> jck. >> dollar tree. >> starbucks. drink it, don't eat it. >> options action, "money in motion" tonight starting at 5:00. have a great weekend. "power lunch" starts right now. >>> it's a rough ride on wall street today as you can see from the dow jones industrial average. quarterly reports, not as good as expected. china, europe, you name it. really bringing the markets down. the dow jones industrial average intraday hitting a new low for the session, down 171 points. also today, technology. the right side of technology. new numbers this week are starting to tell us a lot about the future. >>> plus -- >> in the spirit of sesame street, the president's remarks tonight are brought to y

. >> steve grasso, what's your pick, google or apple? >> google came out with a better advertising scheme yesterday. and it's for advertisers who want to market on the website a royalty base versuses a fee structure base. i love apple, but i think it's a little lofty here. can it go higher? it's defied all levels of gravity since. i don't know about the ipad. i think they're forced in to it because they're actually competing against the samsung galaxy note at this point. they're forced into that. so if i were a buyer, i would either buy google or i'd be a buyer of amazon and i would wait to see what happens with apple. i think it can go $50 or $60 lower before you see the run back up. >> brian kelly, the trade of late has been impressive, a dramatic rise. it's outperformed apple. you can see that on the chart. it tells a really good story. are you buying the story? >> certainly if you're buying the stock here, you've missed a good portion of the run. >> if you buy apple here, you've missed the run, too. >> we have something to shoot agai

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>> we'll kick it off with the trader on the floor, steve grasso. did it work out? >> it did actually. obviously the proof is with the markets, there was nothing that fell off a cliff. everybody was hoping for sort of a dull day. i don't want to say they got it. but they pretty much got a flat market. we were worried about the market at s&p cash. we rallied back and i think for all apparent purposes, it was a win. >> a few remarking about the day, about how some stocks saw big swings in price action. >> the market was flat, but if we look at the underlying shares, you can see a lot of names making big moves. you had apple down and amazon down more than%. gm and ford both up. netflix up 13%. barnes and noble up 13. you had very big underlying move. it's more of a micro market. i think it's to the benefit of our viewers and to many market participants. >> i'll go one step further than that. i think the markets to grasso's point is what we needed. you had a lot of companies that announcede on monday and tuesday and we had deals announced. you had a lot of pent of deman

might just be music to steve grasso's ears. said about that stock last month. >> the internet radio fairness act that's being introduced to congress, this has the ability to cut what they paid out of their revenues in half. it's very bullish. a lot of green ahead of them. i'm a buyer. >> do you still like it, grasso? we don't all call you out when you pick a lemon. >> it's definitely -- it's been somewhat of a lemon up until maybe recently. but the internet fairness act is the most bullish catalyst for the stock. if you look at the revenues that will be generated if the ruling comes down in their favor, it could be huge. i'm still staying long. >> stock's down 17% over the past month, down sharply he werier this week on that xbox announcement. >> we were worried about apple being the biggest competitor. there definite sli competition in the space but i think if you look back to who has been able to monetize mobile, profits have been up 86% year over year. mobile growth rate in the mid 90s. >> this is an interesting call, noneth