in that sense it doesn't tell you a lot what the market is doing. it's a forward looking way to price things and way to price out fear, it's a temperature gauge and that's all you can take it. there are various other instruments but various ways to do that. >> for protection, what's the trade? >> i've been looking at you look at the spy options and the cheapest way to find that protection. when you look at the june 30 date and options in the spy, this is expiring at the end of june, going out about a month. i would be looking to buy the june 2.07 put and selling -- only 20 cents. this is a simple trade. it's a bet. i'm betting 20 cents, risking that to pay out a dollar. it's a four to one payout. cheap inexpensive way, if the market drops 3%, i trade in a $20 bill and get back $100. it's a cheap way to hedge your portfolio and get a nice payout on the hedge. >> that's a pretty good risk reward. those are the type of things we like to look for in put spreads, versus what it can be worth. why only a dollar? the reason is if you can get that four to one payoff, you buy as ma

has this entered a reason why you might want to buy apple at this point? >> look, to carl's credit, he's pointing to long-term opportunities, both in terms of the television and the automobile and saying there's a lot more. and certainly for most analysts, you know, modeling something that could be a product five years from now is not something we typically do. i think it's important to note that apple introduced the apple tv device in 2007 so it's been eight years now. there's been rampant speculation over much of the last eight years that apple would come out with a television, that it would be a natural extension to what apple tv had started. and it hasn't. and apple is very, very deliberate in products that it comes out with and it only chooses to come out with things when it feels it request really make a difference and it has a very distinguishable product. that's why as an analyst i think it's very difficult to say, you know, we can count on a car coming out five years from now because, you know, apple is very discretionary about what it chooses to do and m

guys back when you were looking at nbcmitment you made back then to make the investment in programming and technology ge was a wonderful company but they were not making this investments. the results are great and congratulations on that. brian: if you don't fall in love with nbc, don't do this particular deal. >> it has paid off. let's talk about -- his skinny bundle looks pretty good. i need to work on my. what does all that mean at the end of the day? some of the stuff we've had the privilege of working on and the things you are leavding in the ott world, how does this all play out? you ran studios. it's an interesting time. peter: if i knew that i would be sitting someplace more fun today than right here. i think it's a very complex question. what you are seeing is tremendous distribution explosion. i don't necessarily think -- i'm not convinced that you will see the collapse in the bundle. that is wildly overstated. i do think you will see the bundle rationalized in some ways. i think what you will see more than any i

when you look at banks and apple we talked about early ir. e are names you want to make. >> when buying calls or call spreads, you're making implicitly hedged bet to the upside. you're risking little thoegs to the upvalue. we're risking 1% to make the bullish bet. there's no harm staying with it. >> when you look at s&p 500 financials, where do you see the most strength? regional banks? >> it's starting -- whether there was original leadership -- it's spilling over to not necessarily bank of america which has been certain big insurance stocks are not acting well. importantly you have online brokers, traditional brokers, regional banks, money center banks and other center stocks coming to life collectively. >> a lot of financials were among the cheapest stocks you could buy. black stone was a good example. they have potential deals going on in the energy patch. these companies are poised to do well. they're cheap, poised to do well. good combination. >> next, reach into the pocket, send us a tweet. we'll read it. stay tuned. the "final call" is

played with vine, you owe it to yourself to look. ere is an amazing amount of creativity going on there now. i know it is meaning fully different yated content. >> you can spend hours watching people fall down. when you are in this environment, what does the modern cable network look like, and then what does the modern cable company look like? at some point it will be the connectivity that is important and everything else rides on it. >> you have touched on it. the cable industry is the country's leader in broadband infrastructure that makes all this possible. as the demand for videos soar, the necessity of that network being high quality increasing in capacity, heavily invested in is going to be at a higher premium. the greatest give to the country the cable industry has as distributors is providing that infrastructure and continuing to grow it currently at a rate of 50% increasing speeds per year, $16 billion last year alone in investment to continue to make that quality experience possible. that is an increasingly important part of

if you look at the capabilities, look at what we do with our armed services and diplomacy around the world it's still a remarkable story. the stuff we're doing, for example, in iraq, we're providing an isr capabilities, precision strikes, air tanking, delivery of munitions to the kurds to fight back against isil and so on. we are doing a lot in different parts of the world. i think the u.k. is still very much in business. if you look ahead at the fact we're going to spend 250 billion pounds over the next ten years on new equipment, building those aircraft carriers you mentioned, buying the f-35s to put on it, replacing our nuclear deterrent submarines submarines we're doing a great deal of things in the future. so i think this talk is a little overdone. >> do you think that there is a, you know, the danger that if britain detaches from europe, if the referendum goes awry, you know, i look at a britain that has lost its special relationship with the united states for complicated reasons. ashay has become important. the united states is not as focused on europe because europe is not in

coming for you too. >> look out delco. come on, jimmy. nt some love. they want you to visit their school. and the first graders from pennell elementary the buses arrived they're here, and we're going to do one last for jimmy fallon. >> oh they have their shades on. >> because i like how you used it ... >> i read your books because it has snowballs snowball, snowball fight. >> they really like tonight's show host jimmy fallon's book so much so that they sent us this video we showed youment asking him they want him to come and read it to them. but you know what? even after they put all this work in, they put together this great cute video well, it was sent back to them, right? it was sent back to them unopened. and so the kids and the staffers of the school were so upset they decided make another video and we will post this one on youtube and we will hope that if we make this song, hopefully jimmy will reconsider. >> does this look familiar? >> if you do something wrong -- >> oh, jimmy why, no, you didn't do anything wrong. oh this is just s

when you look at problems in ways different you new solutions find. ♪ ♪ excellent looking below the surface.. and making a decision you are type e*. time for a change of menu. research and invest from any website. with e*trade's browser trading. e*trade. opportunity is everywhere. . neil: and you were shocked when you found out you couldn't keep that doctor you liked. now, about that other promise about health care costs coming down. readem and weep. health insurers say 52%, others tamer at 30%. most are requesting these big hikes to compensate for affordable care act costs that are anything but. to conservative columnist crystal wright who saw all of this coming. crystal what they're discovering is that no way to account with all the new influx and patients and customers, all sorts of maladies and the government requires that they cover preexisting conditions, yada, yada, yada and costing it out and saying we can't do it unless premiums go up. justified to go 51, 52% is in the eyes of the beholder. obviously going up a lot, which is just the opposite what we were told. >> is anybody surpri

as you look at emerging markets, you look at commodities. the thaid trades that are working, i i don't think this thing falls apart tomorrow. >> what about you? buying or selling? >> you know what, i am net short market. net short for the trade. you want to have a lot of -- i don't have a lot of positions. one smart way is half of what tim talked about, short utility and long financials, because if you get higher rates, the financials should do better. some of the smartest guys i know are doing that. >> what about you, guy? >> not me. >> we're talking grasso. >> he is. i think you have opportunities in individual stocks t. stock to me is way overdone. i thought that quarter w 85tial, it's between 77 now. i think you look at a shot on facebook at 77. single stocks that have done well throughout. we talk about blackstone all the time this saturday's article was all the things we have been saying for the last six months. behrends says 40 bucks, i agree. >> i am blue in the face waiting for that sell-off. i sold 80% of my position at this point.

you are money. forget him. my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcards.com. compare hundreds of cards from all the major banks to find the one that's right for you. it's simple. search, compare, and apply at creditcards.com. first round's on me. >>> we are live at the nasdaq market site in new york city. dan nathan is back did you miss us? >> yup. >> of course he did. dan and the rest of the guys are getting ready, here's what sells coming up. >> let's make a deal! >> that's what some traders think gm is about to say and we'll explain how you can cash in. and is it time to get out of oil stocks? >> stay away from the cans! >> one energy name could see serious downside ahead. we'll tell you which one. >>> plus, what do apple and biotech stocks have in common? >>. ♪ absolutely nothing ♪ >> that's what we thought, too, until we saw this crazy chart. we'll tell you what it means for your money. the action begin

have you changed some fundamental way you look at it? >> i still feel like a boy and i just know better how to do things and how to build. and also it's about learning. it's about learning. you know, i know it's easy to say, but an architect should leave under 50 years because the first -- should live 150 years because the 70 years is to learn and the other 70 is to accomplish. >> rose: the next slide, the emphasis on hoist elevators and staircases, as you said the poetry of the movement. is that the fifth floor? >> the fifth floor gallery looking south. what you're seeing here, this is a floor devoted to the art -- or this section is devoted to tart of the '80s and what you see in the foreground is the poster by the artist donald moffit which is about jeff koons and -- >> rose: i want everybody to go to this museum. that's the top gallery. >> the skylight gallery. >> of course, we catch the light from the north. this is what i did in the bellaire building. every time you cut the natural light, you have to catch the north light. too aggre

when you look at the chart the thing blew out to new all time highs here. der obviously saying, you know what? i had a good entry. i'll take my money on the 18% up to date and move on. >> all cable stocks had a ties day. time warner cable hitting a new 52 week high. charter did nicely. >> charter was down 3%. time warner got taken up in this whole story and they are the other guy that's the obvious play. if you're chart ear lot of people are edward about what these guys are chasing in to this. the move is 18 to almost 25 bucks in three weeks. that's a huge move. big premium flight. >> stay long netflix. the fact that it stays at this 620 level will go higher. watch the nba draft last night, the preview. the knicks are the worst team all season long. last night's game they within three meaningless games. they are fortunate it's a deep draft. they are lucky. >> deep gravity but there's not anyone -- >> i said netflix. >> i don't know. >> more action. check out option action on friday at 5:30. more to come stay tuned. here at td ameritrade, they work hard. wow,

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you. >> looking for love? look on line. >> ladies, listen up, one thing men determine of second within seeing your picture like on tinder. >> plus the list is out of the top baby names of 2014 revealed. we will break down top ten by gender. is your baby's name on the list. >> what would be top ten now. >> let's see fit is girls name it has to end with a a emma, sophia. >> olivia good yeah. >> and head turning looks for the horse races. the hats are back. how you can get celebrity look before the preakness on saturday. great event called preakness at piazza happening there too. >> i love it in northern liberties there of course, you will be hosting this year. >> yes. >> that is a fun event. >> we all have phones, our cell phones are right. we type on it, we text on it, we surf the web on it. >> face time, skype instagram. >> yes. >> twitter facebook. >> i think we have covered everything. >> i'm doing the right now. >> people just write i read books sometimes. >> you know what i rarely do. >> listen to music. >

want what are we talking about we've laid out a number of dollars amounts you can look at and get a sense of where families lie. >> through the chair i want to ask a question for that slide our look at the past household distribution you high-minded that the growth of the extremely low income poverty level has increased significantly and is almost 75 thousand people so it's the lowest income increases and the highest from hundred $75,000 to $200,000 and the highest one household above $200,000 is increasing 0 so did wealth gap is widening between the poorest and the wealthiest in - >> yeah. this is not wealth disconnection but significant when you say 75 thousand households in san francisco so the earning is below 75 that curb is widening and getting deeper so the aquarians to u one day and the wealth gap in san francisco like countries like u wander we're seeing that in family income mentioned how we determine poverty and s h a you might look at 2 hundred percentage but families only earning $40,000 a year how can they pay their rents given the represented are going up

>> happy birthday to you, tim. looking at whole foods. down as much as it is. priced in. because of that i think down here around the $42 level i think you can start nibbling away at whole foods. >> nibbling no pun intended. i'm mandy drury, catch fast mon again tomorrow night at >>> my mission is simple -- to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts no --. hi i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends i'm trying to save you money. i'm trying to educate and teach and coach you, so call me at 1800-743-cnbc or tweet me @jimcramer. thanks for nothing, janet yellen. sheaf used frightening terms to describe the stocks today saying that valuations quote,

you look at the size of this move. s: we've also had some very buoyant consumer confidence out of euro land. i think people worry about the economy having ultra low yields. actually, if you join the dots there's going to be -- [indiscernible] jonathan: would you take the short that bill gross is talking about? james: what we have got alternative exposures. we have senior secured debt. we have anomalies within the market price, where market liquidity has grown capacity to achieve outrageously high yields. jonathan: i want to move it onto something else. you are managing some of the church of england's money. the church of england no longer wants to be invested in these heavily polluting companies. can you talk to me about that and how that affects what you do? james: they are two rather separate travels being played out. the first is about what is reasonable and appropriate. the other issue is all about market failure. i looked at the pricing of coal companies and tar sands. i expect that we have to burn carbon in order

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the watch, you look at china, the industry is underestimating the fuel in the tank. on one hand, there is how much money you think apple can make an on the other hand, there is valuation. carl icahn is conservative. he thinks apple should trade at 18 times what he expects earnings to be. that is where you and carl differ. you think next year apple is going to generate 9.5 dollars a share. dean yell: a number could be close to $11. erik: your report says $9.58. daniel: what could be the upside? it is china. it is wearables. stephanie: once people are in the apple ecosystem, they never want to come out. think about the value proposition is apple versus so many of these tech companies doing what for whom and providing value where? erik: that does not justify a higher valuation for apple. stephanie: all of the evaluations out of control do we see them normalizing? apple makes a time of dough. daniel: apple is the standard. larger ipad, they will give some breadcrumbs on the apple tv. these are key ingredients in that recipe for success. china is front and center. it comes

[lip syncing] ♪little girl you look so lonesome oh my goodness. ou are feeling blue ♪come on over to my place ♪hey girl ♪we're having a party happy birthday, grandma! ♪we'll be swinging ♪dancing and singing ♪baby come on over tonight [baseball crowd noise] ♪ ♪ [x1 chime] ♪ ♪ [crowd cheers] oh! i can't believe it! [cheering] hi, grandma! ♪ rishaad: our top story, greece returns from the negotiating table with the government blaming creditors for the long-running debt. the prime minister elect says a deal can be really -- reached the end of the month. tensioners -- tensions in labor market rules. the government will not connect measures that will deepen the recession. the table forn time warner, saying that charter communications may buy the company for $55 billion, a 14% premium on the closing price. the deal could be announced as soon as today. rebuffed whenas comcast made an offer that collapsed. faster than anticipated, gdp grew 2.6% from the previous year. this was due to lower demand for goods. -- higher demand for goods. shanghai and hong kong

at her mother looks like so you can see what she will look like down the road. >> what if his mother is really unattractive. >> what? >> but for you, you look at the her fiance, your fiance you look at your fiance's mother. >> my fiance's mother. >> no, beautiful. >> would i look at, a guy i'm dating, would i look at his father because he is a man. >> yes good you are making it more complicated then it need to be. it makes sense. >> i'm bored of this. >> totally. >> what could be less boring then this. >> oh sue. >> come on it it was a good set up for a joke. >> but you didn't read the prompter. >> i know exactly is what coming. i saw and reacted to it, by saying beautiful, with the blue dress involved nia's prom. >> yes it was saturday. >> she looks great. >> how about that. >> that is little girl we watched go to kindergarten last year and now she's a senior in high school. we were very proud very happy. i said keep that picture like i had to dig my prom picture up, just a couple weeks ago. >> no pressure. >> the rest of your life. >> that is was wonderful. there where is so many t

are you looking at smaller ones or do you think there's potential for another big one? at probably just about anything available. we don't bid on too many things and we're really looking at what does somebody bring to kroger verses what kroger brings to them as well. if you look at vitacost and jeter both great people great organizations and they've brought a ton of stuff. if you look at the things they brought, it's just as good as what we brought to them. >> it's helping you test out the idea of going online. when are we actually going to see some type of online delivery service across the country at kroger? >> we have 180 stores. we continue to role it out. we feel good about what it is and that's something we'll continue to go. clifr delivering to homes is a lot more difficult. we've tested it for years in denver colorado. >> when it comes to actually going online. do you see where we're going to be getting our groceries online 10-20, 30 years down the road. >> i think it will always be an and. look at customers that engage with us. they still come into the store fo

[lip syncing] ♪little girl you look so lonesome oh my goodness. ou are feeling blue ♪come on over to my place ♪hey girl ♪we're having a party happy birthday, grandma! ♪we'll be swinging ♪dancing and singing ♪baby come on over tonight back to thee bloomberg market day. i am alix steel. we have breaking news. i want to send it over to julie hyman at the breaking news desk area julie? alie: pfizer is approaching company for a possible buyout. ucb shares on the terminal behind me -- pretty clear. -- you see the shares on the terminal behind me. pretty clear. it looks like they are trading at a 52-week high. if you're not familiar with selective -- the company produces proteins for therapeutic purposes. there was a note out this pfizer couldg that pursue a deal that could be or antive business inversion deal. most of these deals have not been in france, they have been in ireland or someplace. and by the way, it looks like for cellectis is about 1.4 billion dollars. that is u.s. dollars. there has been a lot of talk about pfizer in particular. whether we

you look good. >> thank you. >> is rebecca here and everybody?>> i think she had a program tonight actually. >> stephanie is over there. >> thank you for being on the list. >> of course. >> thank you, my dear. >> thank you. [inaudible conversations] >> i just wish he would stop traveling. it makes me nervous. >> people are nervous when you stay still. >> is he around your. >> in florida. >> hi. >> i always get two books because i get one for mother. mary and matthew. >> okay. >> how is she doing? >> doing just great. living in brooklyn. [inaudible conversations] >> it is so beautiful now downtown that area of brooklyn. now i have all of the books of yours. >> oh, thank you. [inaudible conversations] >> you are so good this morning. >> all thank you. >> [inaudible conversations] >> you look beautiful cokie. >> aren't you nice? [inaudible conversations] >> it was so much fun. you may have talked to 10 other people while i was in the car. >> these are great ladies. >> are you going to do another book? >> did something happened in those years? [laugh

and i think if you look at the xlu, bottoming out around august, topped out around 50-ish a couple of months ago and i think the long xlu is about 14.5. >> and can you long in this environment? >> in this environment, no. i would prefer to be long financials out right. i think that is the right tried. >> and i think you have to go back to europe. and the euro had the major recovery and europe took it on the chin, even after the last couple of daves and the ewp gives you a 5.5% and europe has a tail wind that we have not heard in their earnings and the currency will be better. >> and the euro currency has gotten ripped but there is no way that draggy will let this unwind after he has let this unwind, i would expect talk come out of there and if they are in there buying. >> what was going on with that. shouldn't we worry about the big swing from yesterday? >> it tell tz you there are big players off of the carry trade but the european markets are starting to price. and what pushed the ecb to act, which was oil prices and i think the bond -- the bund gets up to 55, 60 bips and i don't th

[lip syncing] ♪little girl you look so lonesome oh my goodness. you are feeling blue ♪come on over to my place ♪hey girl ♪we're having a party happy birthday, grandma! ♪we'll be swinging ♪dancing and singing ♪baby come on over tonight . neil: it is a recovery but can democrats recover from the reality to a lot of folks it ain't much of one, joe biden says it's a great recovery, and democrats should embrace it. not hide from it. >> we should run on what we've done. whoever's running should also talk about what the resurgence in place and the future is and talk about in 016 what we've done some. say this amounts to a third term for president obama. i call it to sticking to what works. neil: is the veep right? dan schaeffer says the economy isn't doing well richard says joe biden has it right and should run with it. richard, you're saying embrace what you got, numbers are a heck of a lot better than they were when democrats took over the white house, even if americans don't quite feel all of that? explain. >> i'm saying that if in october of 2008 nei

[lip syncing] ♪little girl you look so lonesome oh my goodness. ou are feeling blue ♪come on over to my place ♪hey girl ♪we're having a party happy birthday, grandma! ♪we'll be swinging ♪dancing and singing ♪baby come on over tonight tom: good friday, everyone. "bloomberg surveillance." futures are turning red and green on the screen right now. here is vonnie quinn. vonnie: germany and france have a message for greece -- "we will be in touch." angela merkel threw cold water on any optimism on a deal. francois hollande met with the greek prime minister last night in latvia. germany and france said they had agreed to stay in close contact with greece. greece needs the $8 billion in bailout money to avoid default. in saudi arabia, where life is centered around oil for generations, the government seeks solar power in the country's future. >> i do not know when -- 2040, 2050, or thereafter. so we have embarked on a program to develop solar energy? why? when we look up, we have the sun every day. vonnie: the senate may take a final vote today on the fast

when you look relative to other things you can invest in, the stocks look pretty interesting. you have to be a little bit more choosy about where you are investing. cyclicals in the u.s.. we do not think that stocks are overvalued. we need to see earnings come through. stocks at this point we think will be driven more by earnings growth rather than any sort of multiple expansion where the valuation story comes into play. are waiting to see where take to comes in. thanks for coming by. coming up, more with jpmorgan. it is just after the break. it will talk about european stocks and the u.s. when we come back. ♪ back to thee bloomberg market day. federal regulators are turning up the heat on the u.s. unit. the national highway traffic safety administration is requesting more documents pertaining to how the automaker 's handling the recall of millions of vehicles. also scheduling a rare public hearing. they have been frustrated by the pace of the company recall as well as the efforts to reach effective consumers. he agreed to sell his company after a few months as ceo. john cahill

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you can't look at valuation. do have to believe that elon musk has something in his head that nobody else sees. >>> all right, next up in our earnings playboy, a chinese e-commerce giant ali baabie. >> it's been off since november and has been flatlining between $81 and $83 since march. how do i look at it, the report on thursday? i would much rather let them report and buy a breakout above $85 than roll the dice and hope they say something good. 80's obviously been huge support. if you want to shoot against that, that's fine, but from where i sit, you have to let them prove themselves. buy the break if it goes north of $85. >> quick, whole knoodz after the bell on wednesday. >> i like how this sets up into earnings. we've had a big sell-off the last couple months and here we are into earnings. they've disappointed a couple times, but i think risk-rewardwise going into earnings, this is not a bad place to buy it. >> and guy, did you pack? did you pack? >> i've got my sunscreen, ready to roll. >> this monday, "fas

jonathan: as far as you are concerned, i look at a rate cut in ac -- and eyes ca reaction. has it really moved the dial? -- and you see the reaction. -- has it really most the dial? kevin hamlin: no indeed. many economists expect the deeper cuts. some say they have profound challenges. overhang of debt and out of the indications are further rate cuts will be needed and further cuts and the bank reserve. the requirement will be needed to provide support to prevent growth from slipping lower. jonathan: as far as the people's bank of china is concerned stimulus is one thing. what about the chinese government? do they need to match? kevin hamlin: yeah, i think most economists leave that additional measures will be needed -- believe that additional measures will be needed and break reserve ratio requirements are good probably more fiscal support is needed and more targeted support from other measures will all be needed to shore up growth and prevent it from slipping below 7%. jonathan: kevin hamlin a big thanks. the shanghai composite pushing higher overnight, up 3% as i speak. s

ozchin: that is a look at what is trending on social media. you can follow david as well. s take a look at what is coming up. you cannot buy trust. how this billionaire lost her for billion-dollar fund. hurt 4 billion-dollar fund. ♪ >> his first love was the piano. along the way he invented a way to bring the audience to him. -- to them. it's now a gigantic musical database curated by listeners that aims to predict what you want to hear. you know it as pandora. today, more than 80 million people tune in every month to listen to millions of songs on

you look at the april numbers and they were strong. you had weakness but the u.s. as up in two percent. this reminds me of home depot. they execute at any level. if we look, discounters have done extremely well. >>> walmart would kill for half of it. they trade at a premium that they deserve. if you see weakness you buy it. >>> tiffany the retailer and first corner earnings before the bell. >> this is a company that i was long somewhere half where in the quarter. they announced the dividens and they announced the guidance for the first time this year. japanese is up 30 percent and these numbers are not going good. the question is what are they in guide for. it's a little bit of a head wind now that they have pulled back. they have traded with an 84 low. they're trading at a multiple for itself and it should. the comps get a lot better. you can own it and if you stop it's not a great place to be. >> i am watching and long. i am exitcommitted. i am long for sure. this is like trading for a broken company. it has a great balance sheet. it is much cheaper than ralph or

lets take a look. >> you look fantastic. >> yes. >> you do not the look a day over 75. >> really. >> , wow. >> i'm really nervous. >> here's what they really look like when they go to 50, and then 70, and then they do 90 so they seen each other age. not a day over seven 56789 it is a part of cut and field day series. they were far better handling how each other looked. >> then they looked and got their own selection. it is kind of like wow. she thought it was strangely comforting seeing her soon to be husband when he would be 90. >> i don't know if i want to do that. >> you know what you are getting in a few years. >> one of my friend say mike, at this age at this point in your life you should not look for looks because we will all be ugly soon. that is what they tell maine. >> that is a wonderful thing. >> we will all be ugly soon. >> one day we will all be ugly so were go for lux, you have to go to someone who treats you well. don't go for looks she says. >> i would suggest you not the say that again. >> it does makens is. >> we all get to the point -- >> everybody will be ugly. >>

pimm: if you ran your household the way [indiscernible] runs the business, what would your house lookike? guest: you see what dell and ibm and hp have gone through. it ain't easy. hp is doing the best it can. olivia: does it get better after the split? guest: i don't know. pimm: well done. bloomberg's cory johnson. olivia: still to come, this memorial day friday, are summer blockbusters losing their originality? does this trailer look familiar? more on the summer sequels, next. ♪ olivia: summer movie season is underway. there is a remake of the poltergeist, and tomorrowland starring george clooney. a movie that is based on the theme park attraction. pimm: this summer you will not see much more that is original. it's all about remakes, sequels. just like it was last summer. ♪ ared: the summer, studios investing in franchises. the thinking is that if the movie was a success, why not make a sequel or prequel? the summer movie season kicked off with "pitch perfect 2," and that made more money over its opening weekend than the first film in its entire domestic run. there will be more comed

some are that the carpet is so wild you can't look down and so you will keep looking up to play the slotachines or poker games and certainly it will hide just about anything. back to you. >> i don't want to know what that "anything" is, jane wells. way to end it for us on a friday. thank you. >>> the only thing worse than vegas carpet is the chart of many of the casino stocks. carter, are you doubling down? >> this is unhappy stuff, obviously. and there is no reason to be ever long on a stock in a down trend. this is a testament to that. weakness begets more weakness. las vegas sands, wynn. it's not good and it's not just recently. it has been going on for some time. here is the established down trend of the past two years. take that look and juxtapose against what is going on in the shanghai composite. if you can't get a bid when the chinese equities are doing this, what's coming next? we think the next down leg is at hand. daily chart, you can draw the lines like that, head and shoulders, top, call that a neck line, but what you can do also is put in your pattern here. put in the head

i stillty when you look at the comps for the corner. getting back to 7 million iphones, it pulls back to 69 on the stock. >> you like it? >> coin mobile to me is the beast. at this time one i own, it's a 4.5% dividend yield. it's pulled back. >> everyone tries to circle the apple. you figure out why do i need to buy apple? you wind up year-to-date 14%. everyone starts worrying about large numbers at this point. >> they tell you to shut up. it was you back stage. fine. i think at this point if you shut up, hold your nose by apple. >> are you in or out of the wagon circle? >> all of the dos, china is great. it will continue to be great. these guys stay in the store, flat lining here. the market cap, two years. you have a $6750 market cap company doing everything it is supposed to. it is trading okay. to me, i think you guys are right. stay if it. >> on next up, rw baird upgrading with caterpillar. the potential bottom in commodities. both stocks rallying on the back of that call. >> it's really interesting here. cat has done a lot of engin

so you look to maybe the next chip to fall. >> right. know what the next one zg to be, scott. i can tell you over the last week or so we've had nothing but activity. adi, texas instruments, you go through the list, jon mentioned graphics maker nvidia. you look across this space, we talk about it all the time. i still think they're cheap. i think when you look at valuations in the chip space, i think there's still plenty of upside for many of these names, especially those that are fitting in really well and actually have themselves tied up with apple right now. >> you got your eyes on any specific name? >> skyworks would be another one that sounds fantastic to me as well. today we're seeing some activity in micron, and we're seeing the smh, the july upside calls being bout baut in there it's a broad swath in terms of what they're looking at. they're looking at everything. >> ha are you looking at? micron, compelling. this valuation level. everybody hates it you've got intel up today, that's not surprising in and of itself. but what's surpr

so what you have here is a growth story that's trading cheap. so when i lookt this base i think there aren't a whole lot of places you can kick around and try to find value and find growth at the same time in the market right now. this is one of them. >> so what's your trade? >> the simple trade is to go to july and look at the 115/120 call spread. spend a little over $1.30 for that. it looks like the 115 cost about $2. this is a way you can do the same thing that dan was doing with the put spread on cat, sell a little bit of people are dwroum help finance that trade, make a bullish bet and risk a small percentage of what have the stock cost. >> that's it. you are risking a small percentage to make a small percentage of what it's up. it's already up 19%. this is a $165 billion market cap stock. you said they doubled their sales in the last few years. when you look at that chart, and carter failed to mention one quick thing. the stocks sold off in late december 20% on hep c pricing issues. i think it's a crowded stock. i believe it's obviously hep-c is going to

>> it depends on how you want to look at it. r verizon it's a drop in the bucket but you're getting more than the advertising platform. they can do a lot with the other sass assets and you also have the subscriber base. so overall, i don't think they overpaid for the transaction. i think it was perfectly okay. we're looking at a 15 to 20% premium relative to the prior day's close. so overall i think it was fine. i think there's valuable assets within aol. so i don't think they overpaid for it. >> so they didn't overpay but it wasn't exactly the biggest gamble ever. would that also mean that verizon will never be in the same league as let's say apple, google for example? >> yeah i mean you kind of look -- you can look at the advertising business here and there's no way they're near close to the share that we're looking at with regards to google and facebook but what you're getting here is you're getting some valuable technology from aol. you're combining that with the scale of verizon. north of 100 million subscribers that verizon

when you look at a company like -- >> you're only a technician? uy stocks based on -- >> when you're talking about what's going to happen with earnings in one week timeframe, there's no room for invest in there it's a different discipline. trade something trading, investing is investing, if you're saying do you want to own foot locker for the next five years, that's a whole different conversation. >> you said the stock was for a breakout, whatever the terminology you used, was. the company now maybe didn't live up to what investors wanted the stock selling off. maybe it's not poised for the breakoff. >> that's what i'm getting at. >> i own finish line, i think foot locker has been a better-run company, but there's a lot of upside for finish line. >> you like it better than foot lock centre. >> i because of the valuation. >> these are both good companies and it's a great sector. >> finish line is the underperformer, and it's cheaper. >> and it's trade the about 112 pe and now it's 15 pe. >> i would trade foot locker. >> it's sort of in the same cate

semi-satirical, but if you look at the characters, it's not something that ever crossed my mind. en you see these stats and step back and take a look -- i don't know. scarlet: we did find today's cartoon. it doesn't feature any man or anyone white. it features three fish. very appropriate given today's news. ,ark: they may not be haunted but they're still ghosts of london's underground. the stations could soon be getting a new lease on life. ♪ scarlet: beneath the streets of london, there are dozens of underground stations that are no longer in use. these stations may have found a new lease on life. transport from london is looking at repurposing these ghost stations bloomberg went underground to find out more. >> we are underneath the streets of -- a station that has not been used by any passengers since 1932. up in 1907. opened it was never particularly popular as a station. it was closed in 1932. during the war, this is where the executive committee was based. where in thetion ,arly days before the war rooms churchill and the cabinet met. this is a unique space in london. great

it looks like you guys are trading to invade the inner-city . it is mighty strange because everyone is training to do some thing overseas. it does not look like overseas training. it looks like this is right here in america and that is kind of scary because of the situation where he can i get police locked up for what they are doing to civilians. and the stuff that is going on here in america. it is kind of damaging. you all are doing so they secretly here, i think. guest: herbie, that is not really true. what we are doing is training u.s. soldiers to operate in any contingency around the world. when you look at what the u.s. army soldiers do, they have to be able to operate from disaster relief to high-end military conflict. that is what the center is designed for. to be able to replicate any environment we might have to fight in. as we said, we are in virginia and that is where we live. we are stationed in the united states. the center is located here, so it is convenient and easy to train on. really what you said is far from the truth. we want

if you look around you will find the legacies of the civil war, the legacies of the verdicts of appomattox. -- an if there were verdicts, and there were, someone really lost this war here, l and someone really won this war. that t affair of honor honor to soldie honor as it wasrs called among these soldiers was just that. and it should have been. that was a soldier's surrender. this was a military surrender. it was not a political treaty. what they proposed in terms was not a political treaty.n. that had to come later in something call reconstruction. the verdicts of appomattox said ad to the united states just won a civil war, it had to somehow now put that union back together without a blueprint to do it. they just freed 4 million slavesical t fromim bondage overnight in and historical times to something called freedom and something called some kind of civil and political liberty. how to do that? and every day on our front pages today, on our news kmemcommentary program, on our blogs, gadgets, all around us just open the gadgets, and you'll find a debate about racial legacies of the verd

>> i think if you look at some of the details. lly do see the volatility that's in them. you know gasoline prices are likely to be up when we get the may numbers. we have the bird flu problem that makes it start driving up some of the food prices. but if you look at the fundamentals on the services side, 60% of the index. i don't see the numbers, but you seem to be telling me steve, is that's where the heed is. i think we're moving back to 2%. >> services are -- >> that's it. and that's really the key. you know commodities have been under control. the second we see any rise in commodities, then we're back above 2%. and i think there's a good chance by the summer we're at 2%. end of the year we start pushing 2.25% to 2.5%. >> just to be clear, the fed uses a different index. the price inflation index and it runs about 0.4% below the cpi number. it will be 1.3, 1.4 right now. yellen has said she's ready to go if you're not falling. that has really been her mantra here and other members of the fed. i think this is your i will take thi

i look for the cheapest way to find that protection. when you go out and look at the june 30 date, they're going out in with about a month, i'd look to buy the june 207 put for $1.55 while selling the june put for 1 $1.35. people say $1 put strike, what are you doing? it's a simple trade. it's a bet. i'm betting 20 cents to pay out a dollar. it's a 4-1 payout. if the market drops 3%, i'm going to pay out four times my money. i'm trading in $100 and i'm going to get back $20. >> that's pretty good risk reward. those are the things we like to look at, what is the relationship between what you pay and what it would be worth. >> i think this makes a lot of sense. when volatility is low, spreads can still make sense, even in that environment. >> carter, you asked that in a pointed way, does vix help us at all. do you look at that? >> never. stick with the prime rip source. >> if you're looking at the s&p, though, in a way you are looking at the vix. the s&p has been extremely range bound. the futures are telling us it will likely remain range bound b

day. >> amon again, thank you so much. as we lookthe pictures live from the nation's capital down on the mall. >>> as we've been telling you, it is jobs day and president obama will be speaking at nike's headquarters momentarily. he is pushing for the new pacific trade deal. nike agrees with it. we're going to bring you there live with all the breaking headlines, you'll here from the president as well if and when he does address that jobs report from today. >>> plus the athletic trade on nike under armer, and now fitbit plans to join the space with an ipo. is it time to buy or time to run away from those names? >>> plus he's known as the oracle of tampa. jay bowen managing a $3 billion pension fund. he'll give us his top plays. opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute yo

if you look at the last two jobs reports, they have been decelerating. d the report showing we are in line for more of that deceleration. economic data is coming in week. the dollar was so strong, it could cold water on the economy. we will be final and the long run, but this is a soft patch. alix: jobless claims are pretty good p or do we are not firing our workforce. isn't that a good thing? classic you look at the unemployment rate, expectations are that it will go lower. i am not saying the -- the jobs environment is a disaster, but what i'm saying is we are seeing a slower pattern of data. people have overestimated it. not a disaster, but the risk is on the downside. alix: we have a real diversions between what the fed is forecasting and terms of rates and what the market is forecasting in terms of rate. do you think one has to catch up with the other? which is it? >> market has been basically selling that line short for the last nine months. the expectations keep getting lower and lower on what the fed will do because the stronger dollar has been a