this trade expires next week so the question is do you stay short time warner? s with oppenheimer's carton braxton worth. >> we're out of time on the trade but from our point of view on the chart which is worse, it's gotten steeper, more dangerous. the resolution is that much more grotesque. we would stay short. >> wow. that much more grotesque. mike, how about you? what do you do? >> obviously we're not going to take off that trade. there's nothing to it. we're going to leave that on. i'm inclined to go out and buy the put spread. the reason you do this is trying to short this market is a very painful exercise. that's why you have to risk very little to do it. that allows you to play again. that's what i'm going to do in time warner. >> i think that's the interesting thing. you want to risk a little to make a lot. >>> coming up next on "mad money", cramer's checking out pfizer. your game plan for next week as well as your tweets. coming up next, we have the final call from the options desk. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male an

advisers from the academic side, from community based organizations, amazing partners across the time warner family of brands and my partner at facebook and as bullying is unfortunately a global problem we're beginning to expand our u.s. reach. this past spring we launched in south america and in brazil. all of our materials for the educators and the community based organizations in the room, all of the education rights have been cleared. everything on the website and long form and print material, everything can be downloadd and it's yours and free. use it for workshops. use it for curriculum. use it as ways to start an assembly. can you trust the material. we have worked with them. the government has been a phenomenal partner for us. that the agencies -- the fact that you have hhs and ed and justice working together and collaborating it's been one of the most generous partnerships in my 30 years in the business that i have ever seen and i spent a good time in public broadcasting and partnered with the department of ed for years and i have to say this project of all the projects and nobody s

everything that happened with time warner and got together a year ago and partnered up on this and wouldn't it be great if we got two major media organizations together, one traditional media which has a a lot of strength in eaching people via tv and one reaching people socially and if you could gather these together imagine what we can do? and so i think you called sizzle real. it was a sizzling experience to be in a high school in hare land and felt like a football pep rally but it was about bullying and they all took the pledge to stop it when they see it and amazing experience and tip of the hat to time warner to really understanding the issue and putting the weight of the media empire behind it to reach people, and second of all understanding how you sort -- there is the bully and there is the person being bullied but what if we got the 99% of other people inspired to take action? what kind of culture can we create? and that is the vant age point that facebook comes at it with. so i wanted to share -- >> [inaudible] >> no. there's a slide before this. okay. this is one slide. it says "

i sold off the aol, i still have the time warner and time warner cable.t's doing good, it's in the green. what do you think, should i hold it? >> hold them both! hold them both! and by the way, time warner is run by jeff buchas, i invite you on the show. you called me a great american but i believe time warner is going much higher and i like the cable business very much. let's stick with florida where i just came from and go to bob in florida. bob! >> caller: hey, jim. first of all, big boo-yah from sunny south florida. >> love it. >> caller: calling about michael kors. it's down 20% since its last quarterly report but bounced 4% today after coach reported better than expected earnings and strong sales in china. and kors has exposure to china, same kind of high-end product line. i wonder what you think this coach report might indicate for kors. >> to me, coach, i was saying at jim cramer on twitter that coach is in large part a function of the new shoes. they got a new look. kors is good, but the market wants no misses, and a lot of people felt that kors

cartoon network and my partners at time warner this is a long-term commitment across multiple brands and excited to be working with folks. >> thank you. >> dave she is big media. your social media. you're different. >> big, small. >> i don't know. >> big, bigger. >> yeah. >> she's tall. i'm short. >> let's not go there. >> the first thing i wanted to say this is an awesome day. i haven't seen this until now coming together of law enforcement, educators and industry and a variety of other folks and nonprofits organizations and really understand the issue and dive into it. it's been awesome and a ton of learning has gone into this. alice is amazing. everything that happened with time warner and got together a year ago and partnered up on this and wouldn't it be great if we got two major media organizations together, one traditional media which has a a lot of strength in eaching people via tv and one reaching people socially and if you could gather these together imagine what we can do? and so i think you called sizzle real. it was a sizzling experience to be in a high school in hare la

is it clearly time warner and why? >> it is time warner.nd we were on positive on amc and took it down to neutral on valuation. time warner we just think there's more upside. time warner is trading at 13 1/2, and you've got amc at about 17 1/2. so a nice premium. you have the forward growth rates are not all that different in terms of what we're expecting at growth in eps over the next year. >> how much of time warner's attempt to put publishing in the different room affects you ur model on them? >> a little bit. not too much. it's a small segment. we've been expecting that for a while so not that much. really what we're looking at me warner for a positive rating is a strength which is phenomenal. don't forget, turner has negotiations ahead of them so they can see a nice pickup in affiliate fees going forward. hbo is an incredible asset. and then, of course, wb is such a strong studio there. i think it's a whole package you're getting. >> what's keeping amc from getting an overweight from you? >> right now valuation. we love the business. i

time warner is going to start its own streaming service.itor to netflix, and it's down again, up 1.7% at 166 a share. bring in lauren again. carnival cruise line. can't catch a break. and the triumph at the dock in alabama drifted into a cargo dock yesterday. and it's the same slip that stranded people in the gulf of mexico. and you're laughing, lauren, i want to know what the stock impact is. >> i shouldn't be laughing, but the problems get worse for carnival and its triumph, where the stock trades is down 1.6% at 3309 now. add to the problems, two weeks ago they canceled ten more cruises aboard the triumph. and the return it service will not happen until early june. and i bet you it goes later than that. stuart: the pr has just been dreadful for carnival. i remember we were talking about it at 36, $37 a share and now it's drpd from when it was adrift in the gulf. 33 on carnival. president obama went to san francisco to attend another fundraiser at the home of the billionaire environmental activist tom stire. his intention to flight climat

francisco you take minneapolis so comcast controls the market in boston and philadelphia and chicago time warner has its own territories it might have been that those guys never would have competed so competition policy would not have protected americans but that's where oversight regulatory policy plays a role and it all the other developed nations of the world there's real concern about how much people pay for this very basic input into everything we do and the conditions under which it's provided in america we've just given up on that when it comes to high speed internet access. when the reason i lived in vermont a decade or so ago a little bit more than a decade ago we have. the local all the phone lines were owned by i believe it was verizon it was one of those big companies and but the state of vermont it passed a law saying the as part of the common carrier and it was if you're going to run your lines through our commons on our streets you have to allow any company to have access to that copper and so we got our telephone service from little company called solver net and they charge twent

are doing great same with the shareholders for comcast and time warner the problem is that the country is sinking and when it comes to this absolutely essential data access that we're going to use for everything for climate change research for access to medicine for information entertainment there really is just one pipe now and it's data and we've let just a very few companies control our country's future would be stretching a metaphor to suggest you know better franklin said we should all have access to information so let's have public libraries and that the public library of this era is the internet itself and therefore it should be considered a public utility like public libraries were in the late eighteenth century right up to today. that's a useful way to think of it i often people's eyes light up when you talk about electricity that we used to think of electricity as a luxury and in the early one nine hundred ninety percent of farmers didn't have the kids in new york city were playing with electric toys controlled by private utilities that were consolidating and not subject to a

we have a major providers like verizon and at&t and comcast and time warner. at the same time, we have wireless companies, some of them use the same telcos, but we have others come up with these guys are competing against each other. radicallyhanged is increased competition. we are not in the old days where we only have one pipe to the house and all in one kind of content. there is a convergence of all of those bits on the same platform. that has changed the dynamics. that thelk about silos fcc has regulated. one of the points that we stress in the book is that we need recognition from the congress and fcc that we need to get rid of the silos. in addition to getting rid of the notion that everything is silos, when she realized there is a lot more competition in the space than there used to be, the fcc does not have as much to do. >> cohead. -- go ahead. on the way ofical doing things, but it is not meant as attacking. the instructions come from congress. right in the report for competition in the markets. that ifo be very clear you tell an agency to devote cert

she worked in new york at christie's auction house and the time warner center, the museum experience includes the research positions in new york and the victor annual beter museum in london. she has been a member of the curtorial team of san francisco since 2008. and currently holds the position of assistant curator for european art. it has supported works from the 15th century, such as the mourners, cultures from the court of bergandy to the 19th century, including van gogh, and beyond master pieces. and she served as the assistant curator for the blockbuster, girl with the pearl earrings, including impressionists on the water and matice from sf mona to be honored later this year. we invited melissa to speak because he told me that his cloud series was inspired by growing up looking at dramatic skies in dutch landscape painting. welcome. >> thank you to everyone who came out this evening to the main branch of the public library, i felt like it was encased in a cloud with all of the fog and the rain and everything and so i have literally taken on this assignment with a great personal

with nature fixed providers by broadband, at&t, comcast and time warner cable company and at the same time, wireless companies. we have others like pcs and t-mobile. these guys are all competing against each other. what's changed in this world is radically increase competition. we are not in new york is. only one kind of content because for broadband has allowed the convergence of all those bills and 90s changed the dynamic of the entire and is true. >> you talk about the silos. >> still does. in fact, one of the points we stress in the book any recognition by congress. that's not all. in addition to getting rid of the notion that everything is silos, once you realize there's a lot our competition than there used to be, the sec does not as much to do and its duties and functions need to be scaled out. >> where critical of what the sec is doing. the instructions full text when an out come from congress in the wireless market. this directive came a decade ago and so i wanted to be clear if you tell an agency to devote certain resources to writing a report about a market that no longer e

one company we like a lot is time warner. this company is doing really well because they own great brands, such as hbo, which has game of thrills, which is a great show. and they also have a great movie franchise with "the hobbit" franchise coming out, the first movie doing over a billion dollars at the box office. >> i understand you're not a real fan of technology, but when investors see these headlines about tech stocks are really hammered or the news today that bill was reporting on apple that the stock is trading really low now, around the $400 range. how do you advise investors to examine and digest this information? >> the technology companies are struggling right now because companies are reluctant to spend money on tech nol right now. there's new structural trends going on such as cloud computing. we're looking at companies such as amazon that services business and can dominate the retail area. >> you look globally. where, besides the u.s., do you like? i mean, japan has been very aggressive with their monetary polic

you have time warner, which is steve ross took and built up a behemoth over the terms of many, many years and it turned into the largest media company in the world and we've watched it throw off parts again and again. the fact that the last part to go, to be stunned, is the group of magazines that bears its name. >> you think that's significant. >> yeah, in manhattan media. and the adjustments that we made, if you think of jill abram son, who i know you know. >> been on the show. >> she's a newsman to her core. i think she's got the confidence of the room mostly because of the paper she makes. she's been a great reporter. she's been a good editor. and if you're looking at making what i would see as some adjustments on the cost side, i think it's really healthy to be up to the top and look around. think of how healthy the "new york times" is structured, which is it's the top of a mountain at the top of a mountain professionally. so it gathers all these people. and so -- there's this tremendous pressure and at a certain point something has got to give so you end up with a real thick layer o

aol time warner, the current owner of netscape, and sun microsystems have launched separate, pvate suitsropean antitrust authorities have also geared up to curtail the anticompetitive behavior of the software giant. however, the biggest check on microsoft's monopolistic behavior could well be the rapid pace of technological change the computer, software, and online industries. already, microsoft has had to tnsform itself a couple of times to keep pace with the sea changes in the information technology markets. one goal of the government's antitrust case was to prevent microsoft from suppressing either the development of new technologies or denying access to these new technologies to its competitors. this type of a lock on technology is one of the most damaging types of anticompetitive behavior and can perpetuate a monopoly. monopolistic practices are alive and may even be thriving in the 21st century. but fortunately, so are the market and legal forces that can curb them. as in the past, the trick is to remain vigilant against these practices. what robert frost said about walls is true o

the closest comparable right now is time warner. they are running about four times the amount did. have a saying, we are never wrong, we are just early. thank you for being with us. cheryl: time for your west coast minute. green energy proponents want to see 70 new hydrogen fuel stations by 2016. there will be 20,000 hydrogen fuel-cell vehicles on the road by that time. in las vegas, getting better. just a year ago, vegas stood at 12.1% unemployment. that number is now down to 8.9%. that number will evolve pretty quickly. almost $2 billion worth of hotels. take a look at those stocks right now. final, san diego residents and fleet week. the navy has decided to forgo the festivities. that is your west coast minute. dennis: it is a quarter till. time for stocks now. the dow is down less than a point now. from wall street to the pits in the cme. we will get to phil flynn in just a minute. what is going on on your end? >> retail gas prices, down $0.11 over the last two weeks. we have while $0.11 gain because of the flood. pipelines are overflowing. big picture, though, gasoline prices

let's talk about what corporations are supporting so it's about right now eight hundred comcast time warner pretty much all the big wigs of the telecom industry what state do they have in this bill the whole bill is set up as liability protection for the companies so that neither the government nor their customers can hold them accountable no one can take them to court they can't be prosecuted and there's just no recourse for someone if their information is shared so this is an absolute win for them they have no responsibilities they don't have to meet any standards and in return they get a free for all and they can share whatever they want and they can take almost any sort of action in response and be completely indemnified and not be held accountable when when for them and i think a lot of people who fought for the first time around are thinking oh my gosh how is this coming back around reared its ugly head we just be. and i think a lot of what had to do with this not passing was google p.d. i mean staging these online protests that we saw that really helped galvanize this opposition to t

he engineered spinning aol off from time warner. so we've gone full circle here with this. he aggressively moved into content acquiring the "huffington post," and we want to at least one story about area on a -- arianna huffington. and he started patch, which many of you know is a hyperlocal service. i looked on the most recent 10 10-k, and patch, the company says it has 1200 employees. the bulk of whom are journalists. so it's very much a media company now. they are members of sabew, and we welcome that. it also has an eclectic group of brands such as tech crunch, which is a must read tech blog. and something better than almost all of us have viewed at one time or another, mapquest. is a tenure has been a race against time. can he reinvent the company fast enough to move to more than offset the decline in the traditional customers? and so we would like to hear from tim a little bit about that. he got a bit of good news at the end of last year when, for the first time in eight years, revenues increased year over year in that quarter. so that's all for this company has decli

we have major fixed providers or broadband like verizon, at&t and comcast and time warner and cable companies, and at the same time we have wireless companies, some of them are the same telcos, but we have others like pcs and also t-mobile, and these guys are all competing against each other. and what's changed in this world is radically increased competition. we are not in the old days where we only had just one pipe to the house and only one type of content. broadband has allowed a con very generals of -- convergence of those bits. and that has has changed the entire industry. >> host: you talk about silos. >> guest: and still does. and, in fact, one of the points hal and i stress in the book is we need a new recognition by congress and the fcc that we've got to get rid of these silos. and that's not all. in addition to getting rid of this notion that everything is siloed, once you realize that there's a lot more competition in this space than there used to be 20, 30 years ago, the fcc doesn't have as much to do. and its duties and functions need to be scaled back. >> host: hal -- go ahead.

let's talk about what corporations are supporting so it's about right now eight hundred comcast time warner pretty much all the big wigs of the telecom. industry what stake do they have in this bill the whole bill is set up as liability protection for the companies so that neither the government nor their customers can hold them accountable no one can take them to court they can't be prosecuted and there's just no recourse for someone if their information is shared so this is an absolute win for them they have no responsibilities they don't have to meet any standards and in return they get a free for all and they can share whatever they want and they can take almost any sort of action in response and be completely indemnified and not be held accountable when win for them and i think a lot of people who fought for the first time around are thinking oh my gosh how is this coming back around reared its ugly head we just beat this and i think a lot of what had to do with this not passing was google p.d. i mean staging these online protests that we saw that really helped galvanize this oppositio

time warners warner bros. launching its own streaming video subscription service. l expand into newer films later, though. the less educated you are, the less time you spend watching tv. cheryl. space all right. quarter till the top of the hour. stocks now and every 15 minutes. nicole: taking a look at a name that is hitting a new annual high and a new annual low. we will start out with game stop. this is good news for game stop. going forward, despite the revenue being down, they have a strong game line. an xbox launch is expected as well. hot on game stop and a good outlook for them. bank of america, merrill lynch talking about falling prices supporting its below consensus deal. obviously, with this type of outlook, not good news. that is one of the s&p 500 components i was just taking a look at. back to you. cheryl: thank you. dennis: coming close to the all-time highs. let's head to the trading pits at the cme. >> i saw one number that is at the highest level in 82 years. that is what the dow jones is saying today. it is historic. take a look at crude oil. we ar

time warner has tv everywhere so you can watch cnn on the go.e us big guys are complete ignoring all of the inrupgss happening. >> laurie, thank you. >>> a destination for european criminals to have this guy who some are calling australia's dumbest crook. that story is neck. with so much competition, finding the right job is never easy. but with the nation's largest alumni network, including those in key hiring positions, university of phoenix can help connect you to a world of opportunity. to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bausch + lomb. as you age, eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. ocuvite has a unique formula not found in your multivitamin to help protect your eye health. now that's a pill worth taking. [ male announcer ] ocuvite. help protect your eye health. [ male announcer ] ocuvite. welcnew york state, where cutting taxes for families and busi