viacom claims it's owed money for youtube videos of viacom- owned material that aired on youtube between 2005 and 2008. an appeals court today reversed a lower court's decision to throw out viacom's claims. the lower court had ruled youtube was protected by the safe harbor act, which says if youtube takes down a video when they hear about it, they're off the hook. >> susie: it looks like facebook will "friend" the nasdaq instead of the big board. that's the word from insiders tonight. it marks another win for the nasdaq, known as the address for tech savvy companies. the big u.s. exchanges have been competing for listings because they make big bucks by charging companies and information- seeking investors with fees. facebook's offering is expected to be worth as much as $100 billion when it goes public in may. making it the biggest ipo ever. so tom, you can imagine allots of disappointment here at the nyse about losing facebook. but big win for the nasdaq. >> tom: way, pitch battle. there is a lot of financial consequences, but also just bragging rights when it comes to new york and the

. >> i would say viacom. that's a controversial call.nt to go long and they are bidding up the names that have the great readings. we are saying that the next chapter. they need to reassess and compress the multiple. going into the name with a low multiple seems like a great place to start. >> viacom? >> great to see you. >> coming up, money in motion trade after this. does any mother ever feel like their kids are adults? i have twins, 21 years old. each kid has their own path. they grow up, and they're out having their life. i really started to talk to them about the things that are important that they have to take ownership over. my name's colleen stiles, and my kids and i did our wills on legalzoom. [ shapiro ] we created legalzoom to help you take care of the ones you love. go to legalzoom.com today and complete your will in minutes. at legalzoom.com, we put the law on your side. >>> let's get short and take a look at the high flying stocks with short interest and s&p companies have have seen a huge increase over the past month. take

therefore the viacom push within the context of a downgrade of the industry, downright illogical to menk cbs is a buy. cbs's network is dominant ratings-wise and the distance between it and its competitor is wider than it's been in the last 24 years. these guys aren't making a bundle from the traditional tv advertising business. cbs is finding new ways to make money, something a deutsche bank piece talks about but obviously the big industry piece doesn't care about. cbs never did any joint ventures like hulu. that means the company keeps 100% of the profits as they make online distribution deals with amazon and netflix. cbs expects to make $1 billion of pure profit over the next five years. that's huge and it's pennies from heaven. if you want to understand what makes cbs tick, i've got another way to look at it, it's "mad money" style. there was a terrific article in the art section of today's "new york times." you've got to read every aspect of this paper. it was about "how i met your mother." it's a cbs sitcom that's now in the seventh year of its run and it's generating its highest

viacom sounds good.aughter) i'll use my controlling interest to make some personnel changes on their mtv network property comedy central. (laughter) then i will blimp crush your home. >> jon: what? >> and then i'll have you murdered. >> jon: what? >> what? blub, blub, blub,ky can't hear you over my stationary blimp. >> jon: hodgeman, that's illegal. >> jon, it doesn't matter what washington democrat throws at us, we'll swat it away. when all else fails i'll divert it to what we rich people call the last refuge of scoundrels, charity. (laughter) i'd reroute my millions through my nationwide met work of animal shelters. >> jon: at least there it does some good. >> jon: yes, good. for me. see i convert my taxable income into gold then grind it up into flakes and put them in the suspension of pure cinnamon this naps which i then feed to retired greyhounds. >> jon: you're giving greyhounds goldschlager? >> well, they're retired. they don't need to be in racing shape anymore. >> jon: so it's not shelters for a

our law today, the civil access are not able to get information for -- that's what they said when viacom sued youtube. it exactly wrong that you said users are under a threat of access under youtube viewing habits in some sort of trend of investigation could that is flat wrong. there is a criminal standard, as you know, that applies to government access of information. in fact, google as well as many other large internet companies are leading the charge to amend the laws to ensure that there is -- that a subpoena is required for personal identafiable information to make expectations about what is private for them, keeping documents or storing other things, the same framework that they would have if they were seeking to get that document -- the government, that is, from your home. that is the appropriate framework did google collects more information about users, mostly because the they are one of the bigger companies. they have more information coming in. if you compare the information they collect to a smaller search engine like ask.com, ask.com does not get the volume of information th

in fact that's what the southern district of new york said when viacom sued youtube so it's absolutely wrong to say that users aren't currently under a threat of access under youtube viewing habits in some sort of current investigation. that's flat wrong. there is a criminal standard as you know that applies to government access of information and in fact gaok el as well as many of the large internet companies are leading the charge to amend laws to insure that there is, that a subpoena is required for personally identifyable identifiable to make information that's private to them when they're storing documents in a cloud that it's the same framework when they're seeking to get that document the government from your home. that's the framework. google collects more information about users mostly because they're one of the bigger companies so they have more information coming n. if you compare the information they collect to a smaller search engine like ask.com, ask doesn't get the volume of information coming in that google does so part of the reason they're getting so much information

selling relative to other big consumer product companies, like m mcdonalds, be general mills, warner, viacomk at the leveraging $50 billion. m.at is look at the leveraging $50 billion. suat is ting 150 b illion s no of debt. there is no cost for them to get into their $100 billion or so of cash. safety in the stock. it's insanely cheap and when the terrified tech investors get nknished selling it, i think it's going to be a fabulous, fabulous buy for literally ntry and most country and mo of the value community in the investment world. st so headlines, of the value community in the investment world. hat 10.04 is what ing. we're expecting. what do you want to see out of this as a shareholder? o you want to see out of ng?shareh r?de would loveare you expecting? sii would love to be tting ith a miss and here with a miss and a bucket to pick up the pieces, maria. i frankly don't think it's going to miss. >> $12.30. larry, sorry to interrupt. umber we're e number we're getting right now. >> doesn't look like a miss, does it. >> versus an estimate of $10.04 getting righ ont now. te >> doesn't look

you take a lot of these out of it and buy a viacom or a cbs or a disney. >> pfizer. >> yes. you can buy that too, but the content providers. >> you reach a point of no return. the competition is ramping up. coin star and at the same time you have these huge outlays that they promise. it's $4 billion on and making losses in latin america. isn't there a point in which it tips over? >> yes. go ahead. >> you are close to that, but i think i'm not saying i don't think you invest and buy this, but for a trade smart, it will set up nicely, but it will be from the upper left to the lower right. lower. >> basically. netflix has a history of huge moves on data and the options traders get brave and sell the puts. pete will be okay with the weekly puts. option traders get brave and sell some of these out of the money puts and collecting free money and the second most active weekly put in netflix was the 85 strikes. while 15 blocks away from at the money and people were selling those thinking it will be free money and they will have a tough day. >> we will return later in the program by

, sure did get a lot of publicity, the augmented reality glasses and a reinstated lawsuit against viacom and youtube. what really matters here, earnings. and on that front, i think google's doing quite well. the stock has gotten inexpensive because it's still got good growth. web search is google's game. and every time you read something negative about yahoo, that means good news for google, they're taking share. and don't forget, google has mobile, social, and cloud. and that's the holy trinity of tech. and i'm sure there'll be confusion around the reported number, i believe google's doing just fine. there is a little too much guess work for me to say buy, buy, buy, but i like it as a tech value play. who would've ever thought that goggle would be a tech value play? but it is versus its growth rate. friday is bank day with the results from jpmorgan and wells fargo coming that morning. jpmorgan basically told you how it was doing in ceo jamie dimon's just-released letter to shareholders. i took a lot of heat by saying i thought he was whining. but there is a lot of -- anyway, to put it s

. >> now, we've seen some downgrades, viacom just downgraded, discovery and scripts all run cable networksof concerns about these ratings. you're not concerned? >> you shouldn't look at the ratings. there are far fewer people watching tv these days, but the people who are watching are spending a lot more time, particularly the people over 30 years of age. they're spending more than four and a half hours a night watching television. that's still the biggest concentration of eyeballs that advertisers have. and network television is still a relative bargain in terms of efficiency in reaching the people they're trying to sell products to. >> thanks so much for joining us. appreciate it. >> my pleasure. >> moving on. nokia getting pummelled this week. the stock plunging after the company its forecast. they released the device on easter sunday. the windows operating system is also running. which application do developers like best right now? will, we know it's going to be android. we know it's going to be apple's ios. but i want to talk more about nokia and r.i.m.m. your study was fascinating an

condition that they pull out of afghanistan, pull the troops back from a northern chinese border and viacom pull out of cambodia to gorbachev accepted deng's conditions. so deng and budget these people from all of the world to come to beijing. so they found some student demonstrations that started out over the type of who you bomb who is a progressive open leader who died suddenly and the students were so upset that their beloved leader had died and he wanted to more democracy and more openness and so they began to demonstrate. there is still a lot of political control over students and ordinary people got upset them. so there was one of the urban support for the students demonstrating. and after gorbachev left, they still didn't quite sound and so deng warned them that if they didn't quite done he would have to take some stronger steps. on may 201989, he broadened the troops unharmed to try to get control. but they couldn't get control. they ran into all kinds of obstacles in the people who didn't want troops coming into the city. and so he supported what other leaders decided to do, to al

>> caller: i own viacom, should i hold, buy, or sell? >> i like time warner and discovery more.et's go to valentine in georgia, please. valentine? >> caller: hey, jim. i've got a big atlanta boo-yah to you! >> man, i'm worried about your rotation boo-yah. i think you guys look good this year. >> caller: oh, okay. i'm worried about newfield exploration, nfx, what can you tell me about it? >> newfield, that's way too dangerous. that is one of the stocks that is really coming down, and i'm very worry withed about it. that's one of the worst charts, joined with that is enkana, which is moving out of natural gas. ultra, which is just a disastrous stock, got to be very careful here. we don't want too much nat gas, and i think newfield has it. and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> announcer: the "lightning round" is sponsored by td ameritrade. you do when you can no longer get around like you used to? when you fear losing your independence? who do you call? call hoveround now, to see if you qualify for america's premier power chair. hi, i'm tom

. >> let's check out shares of viacom.instated a $1 billion lawsuit against google. the suit accuses google's youtube unit of video piracy. the original suit was dismissed a couple of years ago but the ruling says the lower court must determine if youtube was willfully blind to infringement so the story by viacom and google continues. meantime, cons selllation brands beating estimates in its fourth quarter this morning. shares of stz currently lower, one of the worst performers on the s&p 500, down a little more than 13%. 2141. time ramey is vice president and senior research analyst at difficult. a. davidson and rates constellation brands a buy with a $30 price target. good morning, tim. >> good morning, carl. >> what explains the weakness today? >> about an hour ago i was ready to throw up on the low guidance that they have put out, but i feel a whole lot bert after the conference call. this is really all about them deciding that it's time to term out a big slug of their debt. we don't know how much they are going to do,

things that most upsets you is that you felt that your team at cbs and -- its corporate ownership at viacomsituation. the top corporate -- hard invest gative recording needs an owner ship at the doesn't back down, doesn't back up, and backs its reporters. >> even when mistakes are made. >> i'm not acknowledging mistakes were made, but if they were, absolutely. we go into investigative reporting together, we do it together, and we stick together way through. that had been the cbs news tradition. we reported the true story. i'm in the at cbs now because i and my team reported a true story. it was tough. a lot of people didn't want to believe it. it was subjected to a propaganda barrage to discredit it. zr there . >> there's thouno way to know t entire story, is there? >> later president bush, when he was in national guard service, he was at least awol. we had a top general in the army saying, on the record, he was a deserter. everybody makes mistakes. i made some, president bush obviously made some. because we reported that story, they put heavy pressure on the corporate entity. a lot of it i

once the technology allowed me to ag gate millions of home for bet, it was sold to viacom in 2001 for. bet added $150 million of value every year on the basis of this technological shift that allowed cable homes to grow every year. >> bob, i'll flip it around on content. music. if you believe that content broadly, whether it's newspapers or tv is ultimately going the way of music, meaning the margin compression becomes a hit driven business on almost like singles, you could argue it's a tough business now. >> music business -- >> no, no, the question is has that become the model. is that where this all goes? >> the motdel goes like this -- instead of having music companies or record companies, you have individual artists who become their own companies. teak a guy like justin bieber. there were 400 million tickets sold for "titanic" sold world wide. justin viewer downloaded his baby pictures. total viewers, $7717 million. >> how do you monetize that? >> jay-z could become his own record company. >> could he make as much money or more money today given all the different distribution cha

a quarter of the s&p reporting earnings, the likes of gm, time warner, viacom, as well as a slew of data as well as big meetings. we're back in a moment. this is $100,000. we asked total strangers to watch it for us. thank you so much, i appreciate it, i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. >>> welcome back to "squawk on the street." i'm rick santelli on the floor of the krm meshgs group. as you look at the intraday and longer-term charts of our ten, concern about the issues of europe. our ten-year note yield hasn't pushed back much. but hovering close to 1.90. you've heard all the issues, spain being in recession a group of other countries. we'll have the chicago purchasing managers' survey. will it follow the same better-than-expected income number by a bit that we saw this morning? melissa lee, back to you. >> thank you, rick santelli. >>> microsoft's investing big money in barnes & noble's e-reader business. that

personally are the architect of a program that has killed more than 29,000 vietnamese, be it that they are viacomr sympathizers. he was a tough character. c-span: does the committee or the public know that he was losing a daughter during that time? >> guest: i don't think so. the people in the white house might have known. but my father wasn't anyone to ever seek a pass or your sympathy for his predicament. c-span: >> guest: there was a gentleman who was my father's best man at his wedding. my dad could be sitting across from you just like we are right now. he could be talking about a donkey or the weather, and somebody could be sawing off his right arm and he would not so much as flinch. c-span: i was starting to say, more on your mom's anguish from the documentary. >> guest: people would turn to me and say, your dad was a murderer. my immediate reaction used to be -- you don't know what you're talking about. then i found myself thinking, what was he? who was he, really? >> it is a very difficult theme. [inaudible] one has to take it on faith and trust. that the right thing is being done, and pe

he talked about the manchester viacom increasing the mental health workload numbers nor to get additional resources, despite not having enough staff to support that growth. the quantity over quality i believe is, as you stated it. and the result is a better site getting the care that they need. and i'm really shocked the va allowed providers to be put in the kind of dilemma, where they have to choose between following directions from their leadership and following the ethics of the profession. so let me ask you, what are you going to do to ensure that the quality of care is not being sacrificed as you continue to meet these standards be? i think it's a multi-fold approach going forward that we, are underway and have been implementing here. first, we need to ensure with a staffing model that we will continue to perfect that we have sufficient staffing on board to serve the veterans needs. we also need to look, as dr. daigh said earlier, there's a productivity directive that is being developed to ensure that care is being rendered in a productive way. second, we need to make sure that we ha