trish regan with "street smart." jobs report. hello, everyone. welcome to "street smart." a special show for you here in washington, d.c. until the minutes closing bell. we are talking about herbalife coming under pressure from washington's microscope. the fbi is said to be investigating traders who have at some the company. that is according to "the new york times." industry here in do you see startups. we will speak to the radio leaders in the entrepreneur scene. all of that and a lot more coming up in the next two hours. we want to move on to this market. the big three. off to julie hyman at the new york office. anlet's start with alternative money manager. the company came out with its earnings and said it saw a profit decline of 6.7% and that is because it collected fewer fees from its hedge fund is mrs. because they were not performing that well. which is something we have seen -- its hedge fund businesses because they were not performing that well. that is something we have seen across the hedge fund universe.

i am trish regan. prosecutors setting their sights on big rings.uisse and pnb could be looking at litigation. -- on big banks. joining me now to discuss whether the concerns are legitimate, richard farley, hardware at paul hastings and carrie geithner. great to have you here. is there a chance it will get willbad that prosecutors put people in jail? >> they may put people in jail, we do not know. i know nothing about the merits it the case other than what i read in the paper. what we are seeing, particularly as a result of the bank of america case against individuals, ken lewis and joe prosecutedworked because they cooperated with the government by acquiring merrill lynch and then accused of not disclosing how terrible things were to the shareholders, and these individuals were banned from public companies for year-and-a-half and find the $7 million. -- fined. if you have an environment where if i cooperate with the government and do what they tell me to do to save the financial system and i am going to get prosecuted for what i think was a minor o

i am trish regan. futures slightly higher ahead of the open.l be releasing minutes from last months meeting. target still trying to recover from the holiday data breach. the retailer posted a first-quarter profit that missed estimates. target cut its annual forecast. a milestone for spotify. paids reached 10 million subscribers. more than 40 million active users. chinese online retailer jd.com has filed for a u.s. ipo, violating the company at nearly 20 $5 billion -- 2.2 times more than total sales last year. at the high range, that would a higher valuation than amazon even though it has yet to post a profit. i am joined by leslie, who covers ip ipos. what is happening with this company? >> it is a similar business model as amazon, the e-commerce model where they hold inventory and have warehouses. they are in charge of logistics. processes, which is partially explaining the lack of profit like we have seen that amazon. >> the margins are slimmer than at alibaba? >> the difference at alibaba is they make their revenue based on advertising and m

trish regan with "street smart."llo, everyone. welcome to "street smart." a special show for you here in washington, d.c. until the minutes closing bell. we are talking about herbalife coming under pressure from washington's microscope. the fbi is said to be investigating tradero

i am trish regan. this is "street smart."me everyone to the most important hour of the session. we have 59 minutes to go until the closing bell. there are reports that donald sterling may have agreed to transfer ownership of the nba team to his wife.

street smart is back into. ♪ >> all right, i'm trish regan.es and 45 seconds until the bell. up 13%.untain the maker of home brewing beverage machines surging the most in more than three months after posting second-quarter profits that topped analyst estimates. homes. really popular in >> number nine, mcdonald's, also pretty popular. the world's largest restaurant chain says same-store sales only rose one percent. month sincebest october. the company used tactics such as free coffee and introduced new burgers and chicken sandwiches. weight. that's all they've ever made. new kinds i guess of the same old stuff that has always been served forever. >> you have to have newness to get people in the door. speaking of menace, it's -- , it isg of newness trying to get away from the trading business and more toward the consumer. barclays has announced plans to cut 7000 investment bank jobs. >> trading, fixed income, that is a little daunting. >> i guess i made the right decision. i was going to be an investment banker, but i decided not to. well actual

i'm trish regan. in the next hour, we'll take you inside a flourishing pot industry, one that's moved out of the shadows and into the mainstream of american life. the story of america's ever-increasing acceptance of marijuana begins here in the colorado rockies, the newest front in the war over pot's future, where cannabis is meeting capitalism head on. >> we're gonna do a quiche today. quiche gives you a lot of options. >> once a month, at his downtown denver restaurant, chef scott durrah teaches a cooking class. >> turn that up there. >> it's well-attended -- mostly retired and affluent boomers. it's nice to see a lot of familiar faces in here. >> it's exactly the market durrah and his wife and business partner, wanda james, want to reach. >> what we're seeing, which is really interesting, are older people -- i would say over the age of 30 -- and definitely women. >> tons of women. >> women -- and these women are your mom, you know, your grandmother. i mean, these are women that you see, you know, a

there are all sorts of things >> trish regan joins us now.ct timing. >> you look great for having been up all night. >> thank you. where we were sitting is right across from the giant ferris wheel. there we are yesterday. i may look -- looking a little bit brighter he said, i am the guy who did all of this before anybody else did. he told a story about how he had a boston executive come in who said to of yourame to one properties and arrived on thursday left on tuesday and did not leave the venetian at all. i wanted so that people come here. line, they'reom -- mgmto get people in gary comes from went onmic background to teach marketing. he wants to bring in everyone. there is a sense steve wants to bring in the more affluent consumer and he wants to be here for everyone. qwest they want to do that seeing --s vegas is >> that is an important point. they're going to vegas because it is an experience. ,ou can eat a nice restaurant you can do the roller coaster and all kinds of different things and hopefully they gambled. but they're not banking

in the meantime, "street smart" with trish regan starts right now. start now. janet yellen looking to close the day. mart starts right now. welcome to the most important hour of the session. 60 minutes left till the closing bell. we are counting down to earnings. reserve chair janet yellen says the central bank must continue to support the economy, but she said that doesn't mean the fed is trying to influence stocks. >> i would heartily endorsed the term goosing the stock market. we have no target for stock prices. the policies we have undertaken are meant to use financial conditions in a variety of ways. will be conducive to generating greater spending, and greater spending means that we create jobs throughout the economy. >> she did goose stocks just a little bit today. the big three stocks to watch. beie has what we should keeping an eye on. >> we have a mixed picture, but the big loser has got to be technology. i want to start with yahoo!. yahoo! connected to the alibaba story because it is selling 40% of its 23% stake in ali baba. most of the details relat

i am trish regan.s week chinese internet company alibaba may file its perspectives- it's for an ipo. it is going to be big. potentially the biggest since facebook in 2012. it has a lot of users. 500 million at the last count. alibaba's ipo is worth paying attention to. it has huge significance. it will be critical in terms of the test of the chinese economy and most important, investor sentiment amid another tech boom. i break it down for you and my column on usa today, why alibaba's ipo is such a big deal. here with additional perspective, we have michael block, david rito, our bloomberg reporter, and our bloomberg west editor-at-large, cory johnson. great to have you all here. let's start with evaluation. what are you hearing, leslie, in terms of what this might go for? >> we are told this is the biggest ipo ever to hit the u.s. >> bigger than facebook? >> bigger than facebook. with a 12% slow -- that is the 12% they will sell in the ipo, billion-lots$20 ipo. >> facebook was what question marks about

trish regan, thank you so much. .> any time, betty >> trish regan, thank you. ceoking, uber's travis lakalnick. it has been rolled out in 115 cities around the world. such as red cap i thanthan 10 -- are less $10 million. someone who has billions in his pocket is billionaire warren buffett, adding big -- betting big on verizon growth. a $530 million stake. the company trimmed its stake in general motors. i want to bring in noah brier. do we know who made this decision? >> we do not know, and that is always the mystery when berkshire puts out these filings -- we get a list of the stocks, the size of the state, and not much more. >> why would this make sense? >> there are a couple of things. we spoke with some analysts and they pleaded a deal with vodafone. they are now the sole owner of verizon wireless. for of it is there is room growth in the u.s. for mobile phones even though most people here, or a lot of people here already have smartphones. >> you cannot imagine that warren buffett will be making a like this. it is out of his purview. >> the telltale sign i

i'm trish regan. this is "street smart." welcome to the most important hour of the day.ontinues, to trump the bid for hill sharp brand. apple makes its biggest acquisition

small cap and consumer stocks without below, trading more, i am trish regan and "street smart" startsme, everyone, to the most important hour of the session. today on "street smart," the russian prime minister stands firm on the ukraine. the i will be talking about future of digital journalism and how it might affect

i am trish regan and "street s mart" starts right now. >> welcome, everyone to the most important hourion. 59 minutes to go until the close today. the cbs ceo joins me. we have a lot to talk about. lineup.ork's new fall thursday night football and

i'm trish regan." starts now. ♪ welcome to the most important our, 59 minutes until the closing bell. we are counting down to earnings.

i'm trish regan, and "street smart" starts right now. ♪ to the most important hour of the session. go until the closing bell. coming up today, pimco recruiting. the former money manager is returning to fill

i am trish regan. "street smart" starts now. to the most important hour. 59 minutes on the clock until the close. coming up, bnp paribas facing a fine twice the size of credit suisse from u.s. regulators. will the bank be able to withstand a potential client exodus? i will be joined o

i am trash -- trish regan. smart." ♪ >> welcome, everyone to the most important hour of the session. today fleming -- coming up, high-speed traders will be choir to register. why the plan just will not work. our interview ahead.

i am trish regan. smart" starts now. welcome everyone to the most important our.tes to go until the closing bell. lh -- are the alley clippers worth [inaudible] the market

in the meantime, "street smart" with trish regan starts right now. start now. yellen looking to close the day. mart starts right now. welcome to the most important hour of the session. 60 minutes left till the closing bell. we are counting down to earnings. federal