commissioner wynns: how many stops do we have? >> i do not know. >> just as one illustration of that, we are thinking on focusing on, if there are public housing developments that could serve a critical mass of students, then that would fall into "other," because it does not fall into any of these categories. that is something we want to be more thoughtful about. >> i did not forget about you. why don't you go up and make your comments? >> he was just making sure you were paying attention. >> hi, i am the education organizer. i am glad you brought up the concern about the neighborhood stops. i want to focus through the lens of equity. the majority of students that will be impacted, even though i do not see a breakdown on the actual population, are going to be baby students. and some -- are going to be bayview students and some mission students. i know because i drive my trip -- i drive my daughter through the bay view and see the buses making pickups. i want to make sure we are having discussions about making sure that you are cle

about 12% is steve wynn's and another 12% is elaine wynn's. i will be curious to see how she votes the shares. i don't know who the major major shareholders were, but it is something hanging over this company. if for some reason they vote to keep him on the board, what does that tell the market? >> right. good questions. thanks a lot for keeping us posted on this developing story. >> probably a crapshoot. >> nice. >> a roll of the die. >> on a serious note, sands is up nearly 30%. mgm about 32%. the story wynn is seen as the great balance she played. people in the space like wynn more than las vegas. i think it's a growth story. >> let's get the trade on the casino space, particularly wynn. harry, great to have you with us. what is your take on what will happen to mr. okata on the board? >> that's up to the remaining shareholders. i really don't have any sense of that, although if i were a betting man, i would say that he won't survive. what we have to do is focus on the bigger issue which is the revokation of the 20% of okata shares. that's w

wynn is another one we're following. the action in wynn has been unbelievable. the company filed a land contract by mistake. jane wells working that story. the stock up 5.5%. sara lee higher as well. spinning off coffee and tea business 6% to the upside. big lots down big after giving weak guidance. 3.a% and alpha natural energy stock to the downside as that whole complex backs off. let's get to the nyse. bob, we haven't seen that kind of energy down there for a while. >> it reminds me, brian, why i love to be down here. the ceo is down here. jeremy, with his mom. i'm meeting his mom, all of his employees. they're 18 years old. they're all enthusiastic taking pictures of each other. the best thing for all of them is they made a bunch of money if they hang onto that stock. remember the stock priced at $15. it opens at $22.01 and quickly goes to $24. and there it's been the whole day essentially. hit 25 briefly. here's what's important, 7.1 million shares is the float. guess what they've traded so far? almost 15 million shares. that's right. they've traded twice t

thank you. >> commissioner wynns? >> thank you. i'd like to report of the ad hoc committee of the student assignment which met this week. yes, today. and we had three informational items and a report in the way we did them. the first one was an update on transitional kindergarten. but notably it was -- most of the board was there. i want to thank members of the board which was an augustmented committee but not members for coming -- actually commissioner yee and maufas if you don't have all this information we'll provide it for you. so we have a -- there's an amended information for transitional kindergarten and just new dates an so that information, in case it sort of completes the information about transitional kindergarten from the perspective from the student assignment prapro says. so we were happy about that and also in relation to what commissioner fewer just said, i did want to say that some of the remarks that were made earlier this evening, i wanted to -- i think that we ought to, in our outreach be clear that the mcclarn

. >> commissioner wynns: i give a little history. you know, i -- and we talked about the funding model and what's good about it and what makes it a little weak in some places. and made some reference to a time when we actually were part of sponsoring a bill in the legislature that would have funded peer resources, not everywhere but made funding available and actually we wrote it for us, because we thought that conditions that existed in schools in peer resources in san francisco, like full-time teachers and having a class which you got credit and other things, you would get state funds if you had some of these things unlike an after-school program. sadly, it was when that bill was hijacked by the legislature after columbine to turn into funding that was available to everybody. they used it as a funding mechanism and used by most schools and we were grilled at the time, why didn't you use it to buy metal detectors? we said we believe in human relationships is the best way to make a safe environment for students. i would like to have

wynn was above 130, i said it was going to go. it has not gone.e in the sand on wynn is 121.50, the stock is trading 123 right here, below there the call is completely wrong. >> all right. good stuff. >> i like what he had to say about lvs and i still like wynn especially down at joe's level. i don't see the catalyst on the table to have to make a trade right now on any of the names though. >> j.b. >> yeah. i think that's exactly right. if this thing's going to trade with china, i think the move is you hang back a little bit. and if the selloff gets a little more egregious, maybe -- >> wow. no one wants to be in a casino name. >> i would be buying las vegas right here. buy a third, a third, a third. wait for the china selloff to take place. give yourself a couple of days here. and i'll be buying las vegas as a growth story. it's the best growth story in the casino spot. >> steve, that's 100%, right? a third, a third, a third. [ laughter ] >> i would use the other balance to buy another coach bag. >> satchel. >> next on the "halftime report," unusu

wynn has had distractions with the okata is -- wynn is not even above the -- so excellent tail wind right now in macau in terms of the revenue, a lot of potential up sides. you have shorts in the space. i think there's more to go. technically you'll break out. wouldn't necessarily not be an lvs, but definitely -- >> and it's the kotai play here. the fact that it got gazetted again, that term that jane familiarized us with, the fact that this stock is continuing to move higher and has basically recouped most of the early loss. >> all of it, in fact. that's the definition of a spike. >> and it's kotai. yaw, they have macau, the fact they are this close to having that information, they will indeed have that expansion, that's huge. grasso, wants to button it up? >> a lot of people are afraid of the fluctuation, but if you look at lvs, the chart is a bit spooky, but i think you have to buy it for macau, for singapore, for the global expansion, global growth, and that's why you want to be in a name like las vegas as well. >>> let's move on to some of the high-priced stocks, if you will. all of

what a weird day for shares of wynn resorts. up sharply this morning, then the stock was halted for quite some time over confusion about a regulatory filing. let's get to jane wells with the story. >> hey, maria. the company made a mistake about expansion, and later today an official announcement about moving forward with regards to expansion here at home. first the mistake, shortly after the opening bell, it said it had reached an agreement for a land deal to build a second resort in the lucrative gambling market. around 10:20 eastern trading was halted. more than an hour later the company filed another 8 k retracting the first one, calling it a mistake as the land deal contract had not been published yet in the gazette of macau. shares suggest investors think the deal is going to happen, but stern ag warns it might be a mistake to make that assumption suggesting the macau might want more details before moving forward. wells fargo suggesting the error could actually delay the approval process. then also today, and this was not

wynn has revoked his 20% stake in the company. he has until monday.kada, does, to dispute that revocation. >> thank you so much, jane wells with the latest there. check out green mountain coffee real quick. the stock is down sharply after starbucks announced it will unveil a new one-cup machine this fall. down almost 19% on this announcement out of starbucks. we'll keep following this. and bring you the latest on green mountain as it becomes available. >>> betting on an economic rebound, hyatt hotels making big moves to expand around the world. but ceo mark phoplamazian talks about that. >>> brian shactman wrapping it up. >> my favorite part of the day. we'll update you on the starbucks/green mountain story. interesting things about margins and how things are faring, even though revenues are up. margin compression. we'll tell you how the stocks are trading right after this are trading right after this break. on december 21st, polar shifts will reverse the earth's gravitational pull >>> hello. bob pisani on the floor of the new york stock exchange. eve

so let's talk about wynn resorts. a lot of people look at that stock. we profiled it positively for a trade in tuesday's off-the-charts segment. all right. we got what some would regard as subpar numbers out of mccall, i know i did when i first saw them i did and i knew they were going to hammer wynn mercilessly. people look so the so-called weakness in the numbers, they recognized calendar shifts, lunar thing and chinese new year. sure enough they used it as an excuse and bought wynn hand over fist, stock rallying 3%. we haven't had a market that was that willing to excuse apparently weak data for some time. that's new for stocks but it's in style for 2012. how about perrigo? i feared that this year it could run out of positive news. while there are many drugs now slated to go over the counter, i didn't think there would be enough to make a difference to keep that ball rolling. and i was concerned perrigo could be hurt by the improving economy because people might start trading back up. and johnson & johnson replaced its loser ceo william weldon. they

that could hurt wynn and he doesn't like getting hurt.oth sides will be here shortly. one thing not in court yet, okada threatened legal action over his massive 20% stake in the resorts taken after the board determined he was quote unsuitable. we have yet to see him actually file a lawsuit over that share redemption. as for a shareholder meeting, okada says, quote, mr. wynn is exerting his control over the board to silence any dissent and to divert attention from the questions surrounding of the company's use of stockholder money. it is ugly, carl. we will see how much forward we move in the case today. >> i can't tell what's more dramatic, the story or the wind where you're standing, jane. thanks a lot, jane wells. >>> let's hop over to the cme group. rick santelli with the santelli exchange. hey, rick. >> carl, it is like i could have wrote that script for you. they call it the windy sfi because of all the hot air out of our political class. that's really where it comes from. perfect segue. hey, there's an organization called the americ

for wynn here results. it is may have to do with the law former friend okatu.ng. shares of course were up nightly. intoic to you guys. >> the but anything down here this morning, the ipo of yelp, the last big one before facebook hits the street. the latest issue of "fortune" features a peek behind the scenes into the world of mark zuckerberg. good morning to you. >> hello. >> it still comes back to the same position, the cult of zuck, he's in full control and investors are foolish if they think he won't maximize here. >> we thought it would be a good idea to get into the management story, right in we wanted to know if this was about one guy or if there was a thorough understanding in the company it was a tightly disciplined place that could help innovation bubble up from anyone. >> answer? >> and these guys have been thinking about this for a long time. they have, you know, mark spelled it out in the investor letter. he called something out called the hacker way. we went behind the scenes to figure it out. we discovered a very disciplined approach, a whole team

there was a lot of glib talk by steve wynn. i'm a huge wynn fan.like these guys were not as joined at the hip as he was saying. >>> "squawk on the tweet" today, apple getting ready for its big product launch which ma are saying may be a sharper, faster ipad. it's been one success after the other for the tech giant. what would tim cook have to say to make people run away rather than buy? we got some great answers. michael writes, retractable antenna. that would do it. another one, we're coming out with the ipad 5 next week. long tweet that is it was manufactured by r.i.m. in waterloo, ontario. and josh writes, we did nothing new so come buy one at a higher price point. it shows how well people understand corporate personality, right? all those things ring true. >> it is so true that we all expect to pay more for an apple device each time. but they have pricing power. remember when hewlett-packard was giving away their tablet and no one really wanted it? apple is a company that you don't haggle price when you go to an apple price. you say, okay, i wa

dominating in the count, santorum and poised fore possible wynns in kansas, alabama, and mississippi. >> mitt romney is doing his best adapt, adding some southern flair. >> the governor said i had to say it's right. >> mounting most of his attacks on president obama. calling it a documentary. i do not think so. >> even the director admitted negatives in the fell. >> the negative for me was there are too many accomplishments. at the numbers show is burning through twice as fast as he brings its end. other candidates are targeting each other. gingrich just released a three- of senator and's perceived missteps. -- rick santorum's perceived missteps. >> at america's largest bank is out homeowners. >> we have that a chilly start the weekend. warmer days are ahead. onone capital may be skating thin ice. [ male announcer ] for the saver, and a big first step. for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for veoever you are, for whatever yore trying to achieve, pnc has technology, guidance, and ove

. >> if it's any consolation to you, commissioner wynns, i've been here a lot of saturday. i just want to tell you sorry that i did. i'll try to make it to the next meeting. i have seen e.p.c. staff when i've come in. >> yes, i wasn't just repeating everybody said when there were five of us in the room but we have a reason to do that. last, i want to say just to switch gears, the rules committee will be meeting on the 21st here at 6:00 next wednesday. and our new legislative advocates the people with the school innovations anded a vosevowcassy that we just -- advocacy that we just contracted. and their team will talk to about it. so this is the chance of the board. the meeting will be augustmented and the community will begin to develop a relationship with our new advocates. wednesday, the 21st at 6:00. >> who's on the rules committee? >> i am. emily. >> but you're all welcome. and so we want to -- >> deputy superintendent yee? >> i got an e-mail from one of our colleagues about the student assignment monitoring report. it is on the website. so in case people are looking fo

the tornadic that swept through indiana brought wynns in excess of 170 miles per hour. -- winds in excess 170 miles per hour. >> all across the south last friday, severe thunderstorms and tornadoes began springing up everywhere. areas that had already been devastated by tornadoes last year were hit again. in the community of harvest, in north alabama, patricia ryan was working with her church group. >> we were doing work from tornadic that happened 10 months ago. on friday, we're doing our work. we have a large group. we heard the tournedos sirens. -- tournedos sirens. it was frightening because it was our first experience being in those weather conditions. we are all from maryland and west for jenna. -- west virginia. it's to give us a new perspective. it is one thing to work on projects after the event. it is another to be in the midst of an event. and experience what these people lived through. >> after the storm, patricia returned to the homes are broken been working on. many of them had been damaged or destroyed again. >> a tornado touched down to streets behind for we were working.

mgm about the same and wynn resorts up by about 3%. year-to-date all cashing in as well. about as half as much as the others. >>> speaking of vegas, construction is set to begin on a new high speed passenger train which would connect, well, sort of southern california to las vegas. it is called the desert express. it's expected to travel at speeds up to 150 miles an hour, which is like china 20 years ago. all end the project expected to cost about $6 billion including mr. taxpayer, about a $4.9 billion federal loan. a lot of critics are calling it the train to nowhere since it connects vegas not to los angeles but to a town called victorville, which is about an 80-mile drive from downtown l.a. and later on this week on "street signs" we're going to speak with someone about this train from the company because the argument is -- i put this on twitter last night, who's going to drive, essentially, mandy, 80 miles, then park, get on the train. why not just build the train from l.a.? what's the problem? >> i don't know. are there any regulations or rules stopping them from bui

commissioner wynns: i have a couple of questions about these appendices. i am looking at the service's four middle schools. i see some on page 21, some schools, are we seriously running a bus for six kids to go to lick and four

i actually echo commissioner wynns. it does not surprise me in terms of the report. one of the things that i am proud to when i am not there representing the school district, i am proud to talk about our construction and facilities, efforts and everything is done so well and how we use our funding efficiently. thank you very much. >> i neglected to call for public comment on this item. i am not sure if any member of the public wanted to address this item. this is your opportunity. >> there was no card for that. president yee: thank you very much. any appointments by board members? but to go to item -- let's go to item l, seeing none. special order of business. is there a motion and second to decrease the number of certificated employees due to reduction in particular kinds of services? >> moved. >> second. president yee: reading of recommendations by superintendent. braxton you want to read that first, the resolution? >> if it is ok with you. i thought we would do the presentation and take questions and read the resolutions one at a time as you voted on. we are -- yo

siemens wynn employs 4500 people in madison. folks, america's coming back, it's not a political slogan, it's a reality. and it's happening in the sector that built the mdle class, in manufacturing. look, you know a lot of my republican friends and some who are political opponents, wonder why the president and i have spent so much time working to bring manufacturing back. no one in the heartland has to wonder about that, you all know why. you all knwere the manufacturinf the world. and you saw what jobs were lost. you know that manufacturing jobs just aren't any old good paying. jobs you can raise a family on. jobs that allow you to own a home and not just rent.romi of being able to send your kid to college. here in iowa, the average manufacturing job pays almost $50,000 a year. and they're jobs that everyone, as was mentioned by chonly are good for america -- good for america, because they make america competitive again. they're jobsfe future, in industries of the future, for an economy that's able to compete for the products li

wynn up by 2%, and mgm resorts up by nearly 4% today. good performances there. down about 3% today. so do you ante up the stock or leave the table? i want to first of all start with the news today about caesar's planning to offer up to $500 million in stock. as we can see, the shares down significantly as well. what are your thoughts on this, chad? >> yeah, the potential for apollo and tpg, the two major investors to sell their shares down the road creates an overhang in the stock. it's a number of reasons we're negative on the stock right now. >> what are some of the other reasons? which by the way, guys, it's up 40% since its ipo. which is an incredible run. >> they've had an incredible run. we think the stock's overvalued, number one. the stock is trading down about 11 times ebda. that's in line with mgm, but mgm has a lot greater growth prospects due to asia. mgm is more exposed to las vegas. the second major factor is, caesar's is really a domestic casino company. 95% of revenue cash derived from the sufficient, we view the u.s. market as mature, cyclical a

i do think the problems that wynn has had are good for lvs. probably good for this stock. brian makes a great point that this has to fall a long way before you get the stock put to you. and then dan makes the point if it got down there, i'd probably want to be a buyer of the stock. i think this makes a whole lot of sense. >> you know that vegas is a beautiful town. great food and shopping. it still lacks this, that is stocks versus options. want to buy the lvs stock? it'll cost $55 per share. with the credit losses wouldn't kick in until 45.90. our thanks to carter braxtonworth of oppenheimer. send us a question and we'll answer it in our web extra after the show on optionsaction.cnbc.com. >>> talk a metamorphosis with a bearish bet on caterpillar stock. there's more left in the trade. will he cash in on cat? find out when options returns. >>> time for pump up the volume. the names that were heating up the sizzle index this week. got some secret files lying around? this company would be happy to shred them for you. its name dates back to the '50s when it figured out a meta

some confusion around casino wynn resorts today. the company said it made a mistake when it filed a regulatory disclosure about a land deal in macau, china. the filing indicated it was working on a deal for a new casino in china. the stock even halted for a time. but then the company said it was a mistake. after trading again, shares jumped 4% by the closing bell. it traded higher but still finished with a decent gain with traders now thinking some deal may be in the works. and that's tonight's market focus. >> general motors will unplug production on the volt electric car for five weeks and hopes to reduce inventory. and that's tonight's market watch. >> susie: settlement talks continue in the lawsuit against b.p. for the gulf oil spill. the trial was delayed for those talks and is now set to begin on monday in new orleans. the british oil giant is trying to settle with a group representing property owners, fishermen, hotel and restaurant operators who say their livelihoods were damaged by the deepwater horizon explosion and oil sp