the biggest is this trulia news.hey've seen short interest go up dramatically because of the arms spread that was going on. they really need to kind of articulate what the sort of cost savings are going to be. it's down 35% from the all-time highs last year. investors have kind of lost their interest in some of these models very related to advertising. >> we have a bullish story to tell. are you a trader? >> taking a look at it, it's not that surprising to me that the stock is holding up despite the earnings miss. as long as they have a slight beat on the revenue line, people are going to wait for it. really need to wait and see, this is what i'm going to wait and see, wait for the first quarterly earnings announcement after they've actually done the buyout and you can see whether they're realizing some of those synergies. you probably will have the opportunity to trade this with a little more transparency. >> almost 3% move here in the after hours. >> yeah, i mean, i think it's an interesting story. zillow is in the

but the big news here is this trulia news. the closure of this deal.e's a company that's seen the short interest go up dramatically because of the arm spread that's put on. traders were shorting zillow and buying trulia. what the cost savings are going to be. down 35% from the all-time highs last year. but for some reason, i think investors have kind of lost their interest in some of these models that are related to advertising. >> spencer has been on the network a number of times. he's got a bullish story to tell. are you a trader here? >> taking a look at it, it's not that surprising that the stock is holding up despite the earnings miss. of course, as long as they have a slight beat on the revenue line, any potential synergies is what people are going to wait for. i think what you really need to wait and see and this is what i'm going to wait and see because i think the multiples is a little bit stressed here. wait for the quarterly earnings announcement after they've actually done the buyout. you can try to see whether they're realizing some of tho

completed acquisition of trulia. the new combined company called zillow group.smaller company. 350 billion jobs are being cut to integrate operations. carnegie mellon, the top-ranked technology company in the nation apparently has a technology problem on its hands. it mistakenly sent out 800 letters, the problem is the program only accepts 100 a year. carnegie mellon now says it's reviewing its notification process. we now know who plunked down $300,000 for dinner in las vegas. vice ceo shane smith. smith has been on a lucky gambling run. at least he was then, so he chose to treat a dozen friends for a meal at bellagio's prime steakhouse during the electronics show. maybe spending $25 grand a head on dinner may not be the bastion of social responsibility, but here in silicon valley, it's all the rage from google's do no evil pledge to facebook's plan to connect the planet. making money isn't enough any more. tech companies have to do good as well. start with a social impact mission statement often before a business plan. but is this "do-goodiness" just p.r. or i

trulia. >> thank you very much. >>> for the new home buyers and homeowners as spring nears, people tackle projects like renovations and landscaping. and that's good news for companies like home depot and lowe's. home depot will add 80,000 workers for spring selling season which is its busiest time of year and that matches the number of people hired last year for its part, lowe's will add more than 30,000 seasonal workers. that's a good thing. t sign. people fixing up. >> that does it for this special edition of "nightly business report." i'm sue herera. thanks for watching. >> thank you as well from me. i'm tyler mathisen. have a great evening, everybody and we'll see you . >> narrator: welcome to "film school shorts," a showcase of the most exciting new talent from across the country.un experience the future of film, next on "film school shorts." "film school shorts" is made possible by a grant from maurice kanbar, celebrating the vitality and power of the moving image, and by the members of kqed. >> [ ring ] >> hey, hey. yeah, sorry. cell phones don't really work out here. you what? you're not [

trulia. >> thank you very much. >>> for the new home buyers and homeowners as spring nears, people tackle projects like renovations and landscaping. and that's good news for companies like home depot and lowe's. home depot will add 80,000 workers for spring selling season which is its busiest time of year and that matches the number of people hired last year for its part, lowe's will add more than 30,000 seasonal workers. that's a good thing. t sign. people fixing up. >> that does it for this special edition of "nightly business report." i'm sue herera. thanks for watching. >> thank you as well from me. i'm tyler mathisen. have a great evening, everybody and we'll see you . (festive carnival music plays) you all don't know how lucky you are. solly hasn't stepped foot onstage for ten years. amazing! where's the chief? i don't want him to miss this. he said he had to get some air. air? (scoffs) (woman crying)

trulia. ♪ ♪ >> live from bloomberg headquarters in new york, this is "market makers" with erik schatzker andases request -- greece's request for more eurozone aid doesn't meet the euro zone conditions. we will talk to a developer with a multibillion-dollar portfolio. he cuts prices and steals customers away from the other guys. when will john ledger deliver more earnings? we will ask him. good morning, everybody. like so many others stephanie is under the weather. let's start with breaking economic news. there are two

real estate site trulia says oakland rents are the second fastest rising rental in the nation behind denver. new jobs. >> i may have to move out of my neighborhood at this point. >> i moved away because i got a divorce and i wanted more affordable place to live and i found something in el cerrito. >> we did searching on craigslist and found an average one-bedroom apartment near lake merritt sets you back $1,600. >>> the lieutenant governor newsom is raising money for a run for 2018 for governor. the washington post summed it up this way. the presidential election is 21 months away and no one has officially announced their candidacy. meanwhile, an election 45 months away in california already has its first candidate. >>> well tonight, president obama is asking congress for permission to put boots on the ground to fight isis. he made it clear what he thinks is going on and how it is going to turn out for the terrorists. >> our coalition is on the offensive. isil is on the defensive and isil is going to lose. >> the president's proposal allows for military force three years targeting isis and group

this is a fascinating new report from trulia that pretty much blows a hole into the common wisdom that young people don't want to buy homes and that they also want to live in these little tiny shacks. okay? trulia found that of those surveyed who want to own, they want to own a home that is either the same size or bigger. in fact dan, no group wanted a home bigger than the current home they live in now than the millenials. does this prove that the housing market will be alive and well ten, 20 years from now? >> listen, it's clear at this point that you've got a bift a secular decline in the homeownership rate. that's been going on for a couple of quarters now. at the end of the day -- i'm on the outskirts of that millenial generation, but i do -- i am young enough to remember my desire to not want to live at home with my family for even one minute longer than i had to. i don't think -- >> and their desire for the same, no doubt. >> yeah. i don't think the recession, as damaging as it was to many aspects of the economy, i don't think it's changed the desire of 20-something-year-olds to

zillow announcing the completion of its trulia deal after the bell last night and zillow shares are surging more than 10%. largely on the back of newt cutting. joining us now first on cnbc zillow's ceo and co-founder spencer rascoff. also out with a new book "the new rules of real estate." good to see you. >> thank you for having me. >> so it seems the headline in the seven or so months since the deal got announced was the competition and some of the issues that the ftc has raised. you've long took the line that the advertising real estate market is fragmented. were you surprised at how strictly washington took this deal? >> well, it was a long and arduous and stressful process. it took seven months to gain government approval. i was always confident eve eventually the deal would get approved but it took a while. you know, there's tens of billions of dollars in real estate related advertising and zillow and trulia, even though we're the largest sites on the internet we have less than 5% of that. the ftc reached that conclusion and approved the deal. >> your stock has taken a hit throughout that process, spencer. there was some caut

new high of $12 7.89. zillow missing estimates despite a revenue beat. it is supposed to be buying truliain february. fourth-quarter revenue was up 58% and that is why you are seeing a pop. betty: thank you, alix steel. cargo ships at west coast ports are sitting idle. goods's stock as labor disputes intensify. the battle is set on a contract dispute between the dock workers union and terminal operators. it could have costs, with predictions upwards of $7 billion this year. shelby holliday took a tour at the port of l.a. >> this is the breakwater. >> these are all ships? >> all ships. 25 to 30 there. >> being on the water gives you perspective on how much stuff is sitting on the ships that are going virtually nowhere. one 40-foot shipping container can hold 130 thousand pieces of clothing, 60,000 toys, 3600 electronics or 15,000 auto parts. they have hundreds of containers. >> that is a bulker. it is going to get congested. >> once an agreement is reached between the dock workers port operators, it is not like the ships can rush and get unloaded. it will take months for the traffic to ret

part of the new breed of guys that likes to go out on twitter talk about his company and a lot of sound ideas about how he's going to destroy truliam can't beat them, join them. fascinating guy. and owns this industry and that's important. >> impressive board as well. >> look my hat's off to spencer, as i know he wants my job. >> yes. >> he wants my job. david, i'm not giving him my job. >> i'm glad you're not. stay here. >> we'll see what spencer says. >> i'm not having spencer sit next to me sorry, spence. >> whole foods, a remarkable quarter, beginning of the major move. want income and play the lower gasoline? i love six flags. jim reid-anderson, had operating difficulties, not under jim. two great operators, terrific situations. can't wait. >> "mad money" 6:00 p.m. >>> more of sara's exclusive with irene rosenfeld. you can find a new frontier. there's nothing stopping you and a lot helping you. technology that's with you always. this is our promise. it's never been better to wander because wherever you go, you'll find us doing everything we can, so you can. the road. it can bring out the worst in people. but the m-class scans