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tv   Squawk Alley  CNBC  April 7, 2015 11:00am-12:01pm EDT

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. good tuesday morning. it is 8:00 a.m. at uber headquarters in san francisco, california, 11:00 a.m. here on wall street, and "squawk alley" is live. ♪ ♪ communication breakdown is always a sign ♪ ♪ having a nervous breakdown ♪ welcome to "squawk alley" for a tuesday. joining us this morning kevin o'leary chairman of o'leary funds and investor on "shark tank." kayla tausche, jon fortt on a day where the markets are doing well for the third day in a row. dow up more than 80 points.
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first up, apple's new retail chief, angela ahrendts, trying to change the way the company handles product launches. in a memo obtained by "business insider" she wants to encourage customers to avoid the apple store when the watch goes on sale and instead order on-line. she writes, the days of waiting in line and crossing fingers for a product are over for customers. this is a significant change in mindset and we need your help to make it happen. jon, what does this mean and where is this coming from? >> i think apple has a unique challenge here because there hasn't been a product since the ipod that people need to get their hands on more. people never seen something like this. the interface is new, you have bands that you want to feel on your wrist, and so they need to go somewhere to have that experience but now apple is trying to shift the culture so people don't go. really, it's difficult to give try on experiences to many people at once. it's going to take them several months to figure out how to do this. they will need third-party retailers more than ever, but it's going to take them a while to figure out demand and how do
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that. >> unchartered territory? >> watches are jewelry i don't buy unless i try. i collect watches. i'm not swapping out mine for an apple watch. considering maybe on the other wrist. it has to look cool and i have to understand why i want it. i see no reason to own it. sell me. i agree with jon, show me a feature, something, if you can do blood pressure for me i would pay the 600 bucks or whatever it is. can't do that. all it does is pulse. i think this thing isn't going to sell 6 million units and could hurt the stock. >> how do you balances the fan fare that has been ethos of an apple launch with lines around the corner, people waiting for days to get a product with the possibility of diluting the experience for someone like you who wants to go in and try on potentially a $17,000 watch. those people don't want the doors stormed off. >> that attempt to sell $17,000 watches, that ain't going to work because as soon as the electronics change in the firm ware that's an obsolete watch. i don't know what they were thinking with that idea. that's not going to work.
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apple is a master of launching products. they have to do it. it's almost reflex, pavlovian for them to do this. i was having the debate with jon about the watch. if it doesn't do 6 million units should i be shorting the stock or sell down my position a bit. >> didn't tell him either way. i mean, apple -- >> likely not to get metrics on sales for the opening weekend. >> we're likely not too. maybe they will say something about the number that sold in the first couple days. apple gets this. i remember when apple rolled out the ipod, steve jobs and the apple executives gave the reviewers, i was one of them, a stack of ces to take home to rip and then put on to the ipod. they know the high touch experience. the retail stores were new at the time. they had begun to have mp3 players in there. they had to figure out what kind of an experience they wanted people to have. apple unlike anybody else, has the ability to figure this out but it will probably take time. >> would you argue that where in past product launches they've been cloaked in secrecy, we have
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pharrell showing it off on "the voice" this time, tim cook wearing it to the ncaa game, are they a little more -- having to open the kimono a bit in advance of this. >> a little bit. but apple has teased in its own way. in the past the magazine covers that steve jobs would come to new york and meet with the heads of certain magazines and figure out how they were going to promote. they're doing it more in a digital way, more of a mull it ty media way than they have in the past. but this is tricky. apple has the unique retail infrastructure, high gloss locations and the kinds of places where people buy expensive watches. so they've got time to figure this out. anybody expecting them to come out of the gate like a rocket and absolutely figure this out immediately not going to happen that way. >> we all know it won't move the needle as we like to say, kayla, and it's coming at a time where people are saying, is the capital return program going to begin? >> don't tell gene munster from piper jaffray it won't move the needle. he calculating it to be 10% of revenues by 2017.
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that's certainly not a drop in the bucket. kevin, as carl mentions that's not the only thing happening this month. we usually get details of apple's capital return program if they change in a month of april, your expectations? >> what i care about is with all that cash and now a slowing of new product offerings for the back end of this year, and next year, and remember i've held this as a 5% waiting in my portfolio, selling into the strength, always worried it would turn into the microsoft of its generation, remember how microsoft is dead money for 15 years, i would like to see a dividend increase of all the products that would be a great launch for me, increase the dvd for me. >> that's hardly a different tact for you to take. >> so true. >> you've already tried, right? >> there's two things i think they should do. number one, increase the dividend for me, and i'll stay in the stock and millions of others like me, and give jon a watch because he's kind of the hammer of apple on business news. i expected him to be wearing one so i could check it out when i got here. >> give it time.
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it's got to get its way to the east coast. >> we'll take a look at it. >> next up samsung announcing its first quarter operating profit dropped over 30% year on year and gleev it or not that's good news. numbers beating expectations. if those estimates are correct first quarter numbers are the best they've seen in the last three quarters. their new smartphone the galaxy s6 hits stores and gotten good reviews. chip demand is good. people are saying samsung is back. do you believe it? >> i think it will be back and stick -- stickier if the software got better. i went to the an droid platform and it's glitchy software. this new curve thing looks cool. i'm getting one to check it out. the software looks better. right now, i'm using as my second device the blackberry. and i would switch that out for the samsung if they can give me a reason to do it although i'm hooked on this keyboard thing. i can't give it up. >> i know. >> so, you know, i don't know we'll see if it sales. >> we're seeing a glimmer of a
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it turnaround at samsung even though it's been six consecutive quarters of year over year profit declines. at what point do you as an investor say, this is a company that needs to buy a competitor to actually retain its market share and start increasing its profit? >> i don't own this stock. i owns the companies that supply it because they pay dividends with technology which i like, but i'll tell you what's bothering me. if you talk to any research analyst, anybody that can move the needle on this stock, they keep talking about the ecosystem not -- and the lack thereof for samsung and when you have the entire institutional investment community with a negative on that, i don't see what the catalyst will be to move the stock i would want to own it in portfolios. i need that problem to go away. i mean, otherwise, just the consumer electronics hardware company, we know how that ends badly. >> it's a little too soon to call this a turnaround and with these numbers that they're projecting it's a 30% drop in profit, 12% decline in sales and we don't yet know how consumers are going to accept the galaxy
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s6 and edge. and post-lunar new year reports out of china that even sales of the lower end phones in general are down versus what was expected. if demand is decreasing at the low end where samsung is trying to compete and we're not sure how these new phones are going to do for samsung at the high end, this quarter, it's not clear this quarter represents a trend quite yet. >> right. luckily they still have refrigerators and microwaves. >> and chips they're making for all kinds of people including apple on occasion. >> finally, blame it on the ruins, the reruns i should say. viacom will take $750 million restructuring charge as part of a strategic realignment which includes about 400 layoffs. scope of the overhaul is bigger than expected and partially due to the fact that a lot of the shows that it makes and buys simply are not as valuable as they used to be. specifically people are a lot less likely to watch reruns of reality and game shows because there are so many alternative programming options available today.
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viacom is down about 2%. journal takes a crack at this and site some industry watchers saying that streaming and netflix and all those things are about half of the reason that we're having trouble in cable. >> you know, i invest in the space quite a bit. this is my area. these companies pay dividends. here's the problem with viacom and i'm speaking as an investor. talk about the content in a second. 90% plus of eps growth as far back as i can remember comes from stack repurchasing. there is no cash flow growth driving earnings. it's financial engineering. i'm not the only person that knows that. this is a share countdown from 600 plus million to 400 million, listen, it's great -- >> cramer said it's like a creeping tender. >> that doesn't work. you need growth. i think what's different is about the way media is changing in terms of driving growth. think about companies that have emerged in the last 7, 8 years. arianna huffington of the "huffington post," 210 million
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uniques sucking advertising dollars out of the ecosystem. she's getting into video. that's a well managed company. hearst is private killing it there, over the top of streaming, turning magazine assets into digital, show me management that gets it that has millennialses driving the content drive and i'll be an investor. pay me a dvd. >> there are two ways to go about a restructuring in this space. one is you focus on the ad sales force, you focus on retraining and teaching them how to resell the product basically. you remessage what exactly is going on at viacom. the other way to attack this is to fix the content so that content is more compelling and it's a better product. >> you got to do both. if you want me as an investor you have to do both. >> sounds like people who work at viacom that they're doing just the advertising portion of this. >> buying back shares. >> yes, but they're putting that on hold until october. >> that's horrible news. that's even worse. now we have no reason to own the stock. what's the stimulus? haven't fixed the content drive
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and not repurchasing shares or increasing dividends, i'll take my dollars and go elsewhere. >> rather have them spend the money on content and risks inherent in that or buy the shares? >> long term they have to get hip with content and figure out the new delivery vehicles the way everybody else is doing it. they're taking some risk, driving cash flow, paying dividends and growing. listen if you want volatility in management you find it in media. ceos and everybody else get whacked so fast. when you miss it, lose touch, when you don't have the magic anymore it's out behind the barn and shoot them. that's the way it should be. >> they're doing over the top with nickelodeon. would you argue they need a standalone product? >> too late. nickelodeon should have been fixed ten years ago. it should have already been hip. if you want to understand that business you hire 20 somethings and get them driving the process so they can connect with their peers. i don't think the company did that. i'm sorry i'm such a critic but it is what it is. >> some would say glass houses. we're all in media here. >> shoot me if i don't do my job. i'm ready for it.
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you have to stay competitive. i drive cash flow to my investors and find companies that do the same. that's why i buy them. it's all about the cash and the dividends. >> good seeing you, kevin. >> you too. >> kevin o'leary joining us today. >> a check on the markets still in positive territory, eyeing the first three-day winning streak for the dow and s&p since the middle of february. just about two months there. the dow up by about 86 points. s&p up by 7 points. that's good for a third of a percent. nasdaq up by 25. that's half of 1%. we're helped by some tailwinds in europe and asia which are also positive at this hour. shares of twitter are rallying. the company did release a feature this morning that makes it easier for you to retweet an ad comments on the platform, the stock up 3.5%. there are unsubstantiated rumors floating on trading floors we will try to track down this morning and take a look at jd.com the stock rallying today and passing the $30 mark. take a look at that, up by about 4% today.
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jd is actually up 50% since its ipo. compare that to alibaba which is up about 20% since going public. i know jd is a company you've been watching, how stark is the difference between the performance of the two? >> it's notable. remember when alibaba went public we were talking about it, jd had gone public several weeks before and often it's the secondary company that has less hype that can end up outperforming. jd's strategy is more like amazon, building out logistics infrastructure where alibaba is more ebay like, more business to business. definitely one to continue keeping an eye on. >> when we come back, how much are you charging your company for rides with uber? we will bring you new numbers that should make ceo travis calanic happy. inside one of the most notorious factories in the world. walt mossberg will walk us through his tour of foxconn in china and live streaming shut down. head of business and media at major league baseball tells us why using periscope or meerkat could get you thrown out of the
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game. as we go to break check this out, hbo now live on apple tv. dow up 85 points. "squawk alley" will be right back. for trading never stops. so open an account with schwab. and when a market move affects, say, a cloud computing stock you're holding, we can help you decide what to do. with tools that help you see how market activity is affecting your positions. so when the time comes to decide whether to scale in or scale out... you can make your move, wherever you are. and start working on your next big idea. ♪ ...to cook healthy meals... your next big idea. yet up to 90% fall short in getting key nutrients from food alone.
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welcome back. xwis travelers are avoiding taxis and traditional car services instead going straight to uber and uber x and josh
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lipton is live at one market in san francisco to explain. josh? >> well, jon, when they need to get from point a to point b, business travelers are increasingly turning to uber. in the first quarter 53% of business people used a taxi. now that was down dramatically from the year-ago period when it was at 86%. meanwhile, 46% used uber and that was up from just 14% in january of 2014. that's according to a new report from certify which provides software for expense management and travel booking. the company reviewed more than 7 million receipts from cities all across the country. business users relied on uber the most in san francisco, dallas, and washington, d.c. on the other hand, the report says that only 1% of business travelers used lyft in the first quarter. lyft did not respond to cnbc's request for comment about this
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report. but lyft remember is trying to gain more share of this business market. in november the company launched a new service called lyft for work, that allows companies to distribute ride credits to employees. but why do road warriors look to ride apps like uber because they can be fast, convenient and relatively more affordable. the average uber ride was about 31 bucks during the first quarter, versus more than $35 for a taxi limo or airport shuttle. back to you. >> interesting. thanks so much, josh. josh lipton out west for us this morning. sometimes apps are not just about the number of downloads but also about retaining users. the information out with a new survey on app retention topping the list, facebook, which retains close to 100% of its daily active users three months after users installed the app. followed by blackberry messenger, surprisingly beating out instagram and snapchat. at the bottom of the list,
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twitter, skype losing most of their daily active users, within a week in the telecom business we call that churn. that's a tough metric. >> vine, 9% retention. >> i'll confess to being skeptical of those numbers. i want to dig in and see what methodology was. we know blackberry messenger has lost quite a few people as blackberry's market share has gone down and as whatsapp we chat and others have come on strong and instagram has shown very strong legs in the app store charts and in people engaging on it. we'll see. >> the definition of retention, delete the app from your phone, simply not using it every day, that's a loaded word. >> logged into it using it. >> up next a galaxy far away, now available on-line. we will explain when "squawk alley" returns.
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welcome back. more than 30 years after the first films hit theaters "star wars" is going digital for the first time. starting this friday, six films from the phantom menace to return of the jedi will be available in digital hd on the xbox. the much anticipated newest film in the "star wars" saga, star wars the force awakens, hits theaters in december and wondering the new digital companies that you can get through the xbox service are going to be the retouched george lucas versions not the originals. yes still shoots first and probably still have to hear darth vader going no, which i find highly disappointing. >> i have no idea what you're talking about. >> we have to work on that. >> i know. i promised what was it thanksgiving, black friday i would finally get around it to watching "star wars." >> you mean any "star wars." >> any of them. >> i have the blu-ray and dvds that i got from my kids who are 4 and 6 for christmas. they've watched all six. >> you have extended a kind
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invitation for me to come over and watch. >> watch with the boys, we'll pop some popcorn. >> my kind of company. >> when we come back a rare glimpse inside one of the most notorious factories in the world. walt mossberg will tell us what he saw inside apple manufacturer foxconn when "squawk alley" continues. sometimes romantic. there were tears in my eyes. and tears in my eyes. and so many little things that we learned were really the biggest things. through it all, we saved and had a retirement plan. and someone who listened and helped us along the way. because we always knew that someday the future would be the present. every someday needs a plan. talk with us about your retirement today. to build something smarter. ♪ some come here to build something stronger.
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i'm courtney regan. your cnbc news update at this hour. jurors in the boston bombing marathon trial have begun deliberating the fate of dzhokhar tsarnaev two years after twin bombs exploded near the marathon's finish line on april 13th, 2013, killing three and wounding 260 more. the defense claiming older brother tam merlin was the master mind of the attack. >> rand paul is running for president. the kentucky senator saying on his website he wants to, quote, return our country to principles of liberty and government. he's expected to make the speech in about a half hour. >> hundreds of kenyan students marched to honor those who died on an attack on a college by islamic militants and press the government for better security. 148 students died in the al shabaab massacre. turkey's president arrived to meet with the iranian president despite tensions between the two countries over the crisis in yemen.
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turkey has backed the saudi led campaign against the iran backed rebels in that country. and that's our cnbc news update for this hour. let's get back to "squawk alley." thank you so much, courtney. let's bring in simon hobbs as we count you down to the close in the uk and across continental europe. after many weeks off the grid here on "squawk alley." >> yes. personally yes, as a result of the change. for the markets, of course, you've had two sessions they didn't trade which was friday and monday and therefore what you're seeing here is quite a strong catch up particularly in, for example, the nordic region in norway where you have a 4% gain. that is an oil related economy in particular, oil related stock market and oil if you go back to the close on thursday up over 5% on brent. that's why the catch up is great. the oil majors across europe are leading the gains and they, of course, carry a lot of weight within the national markets.
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obviously with fedex coming through with 4.8 billion bid for tnt you've seen europe rise by tnt express up 28% and the national post service in the netherlands which owns a stake in that. royal mail in the uk, other players, are also higher. jpmorgan downgraded some of the airlines today. and you have seen a hit on air france and lufthansa in negative territory. very much focused on the long haul with clearly their own problems. now, for instance, inevitably now becomes greece. there are a series of events to get through. tomorrow a t-bill auction, roll 1.4 billion euros in advance of paying the imf on thursday which they say they can. the wildcard what happens to this prime minister tomorrow, when he goes to moscow, to meet vladimir putin. now on the one hand there's the potential that he could have russian money to privatize some assets, natural gas assets,
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maybe some of the ports so on and so forth. he could stick an eye metaphorically in the eye -- put a stick in the eye of angela merkel, dealing with the russians. more importantly russia would effectively have a veto or sorry greece would effectively have a veto over future eu sanctions against russia. it's a very interesting meeting. we should remember, of course, that the greek deputy prime minister met the chinese last week as well. so they're playing a broad political game here. back to you. >> thank you very much. >> thank you. >> for years iphone manufacturer foxconn has been plagued by negative reports over its working conditions. remember the facility dealt with several employee suicides a few years back. to change public opinion the company opened its doors to re/code granting a tour in china. re/code's co-executive editor walt mossberg granted access and joins us from washington. good to see you again. good morning. >> good morning. good to see you be, carl.
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>> re/code makes the point it was not unfettered access but sounds like it was above what the area of the country is used to. >> yeah. we felt good about getting access. we did not -- were not allowed to see an assembly line and we were guided around by a high-level special assistant to the ceo and a guy who specializes in doing pr with the western press. nevertheless, we did get a feel for the overall facility. >> jon fortt here. for me the issue is usually context when talking about working conditions in china, difficult to compare them to working conditions in the u.s., whose economy is in a different place, but did you see what you expected? did you have any interactions at all with ordinary workers that you were able it to have there, either inside or outside of the facility and did it change your
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perception of what apple has been saying all this time about their efforts with workers there at foxconn? >> well, we did not have any opportunity to interview any workers or talk to any workers. i will say we were struck by the sheer scale of just this one cam pus which is one of their older ones, and which is one of i believe something like 29 they have in china. it was enormous over a square mile, over 100,000 people working just in this one campus. they, obviously, wanted to show us their best side. they showed us, you know, buildings where workers could play video games and a movie theater and some other things. we did take pictures of some of the factory buildings which looked pretty rough from the outside. they were, you know, opened up to the fact that there had been suicides, that it is -- that there had been lower pay and talked a about how they had
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worked on the suicide problem. they showed us a hot line facility they have set up. they talked about raising the pay. one interesting thing i didn't know they talked about is, they've now -- they've now relying distinguished control of the living facilities turned it over to a third party company and they allow workers, the gentleman said, to live off the campus of the plant and in the city if they wish. this seems all normal it to us, but it's a change for them. so, you know, and they also -- the other big thing they mentioned is they've opened cam puss, what they call campuses, they like to compare it to a college campus, it's obviously not, they've opened factory campuses in other parts of china close to where the workers come from, so they're not isolated and they do have
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some of their friends and family within close distance to them. >> walt, you mentioned the parallels to a college campus and i was thinking if someone had just turned on the tv and tuned in to this conversation they might mistake this for a conversation about a run-of-the-mill college campus, but what are some of the most stark differences between what you saw at foxconn and what we would see on a college campus? >> well, i mean, these are factories and they're -- in this case, most of them look fairly old and you could see, you know, wire barriers which we've all read about that they put up so people won't -- who might be tempted to commit suicide can't jump off the roofs. there were rust stains running down some of the buildings and so forth. but i stress, again, we didn't get inside. i don't know what working conditions were like inside. i have been in factories many times in this country and some
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are better and some are worse. my colleague don chimlesski who wrote our story who was with me on this tour, said that she had actually seen -- been through a worse factory that made i believe it was disney products on a previous trip to china. so, you know, it's not a college campus. it's not like greens and lawns. you know, fancy dorms or anything like that. >> walt, why would they want to let you in? what's in it for them? >> you know, i think that they are anxious to show they have made some improvements, carl, and they -- they had somebody guiding us around who was -- spoke perfect english, lived in the united states, had, you know, advanced degrees and they felt like they -- i imagine they felt they could get a slightly
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at least different picture of their company than they had been getting. that's all i can say about guessing. >> wondering what your impression was of it overall, a lot of growth but a lot of change as workers' salaries have risen and so have worker expectations, what was your impression of the economy and how people are feeling? >> well, we visited a bunch of other companies in chen zen and beijing and hong kong all tech companies and in shen zen has become a gigantic city and most of the buildings we saw were really new and tall and big and, you know, it's a boom town and it's got finance and it's got other things, bulls it also has tech companies and not just companies like foxconn which are
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fabricators of somebody else's products, they have tech companies that have designed their own let's say smartphones or drones or other things, and sell them either in china or in some cases other countries. so it's a huge boom town. i will say there is pollution there that is significant not as bad as beijing which was quite polluted, but, you know, they are -- they do have some environmental issues to deal with. >> yeah. you can say that about a lot of the cities in china right now. it's a fascinating look. everybody should read it. good to see you again. come back soon. >> okay. will do. >> walt mossberg of re/code. baseball season is yawn way but don't expect to see many games on peerry scope or meerkat. the head of business and media at major league baseball will tell us why. first, rick santelli, what are you watching today? >> you know, i see the dollar index is flying, euro getting
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hit, pound is getting hit and stocks are up. what's up with that? when it comes to the dollar and equity markets a lot to talk about and we're going to get to it on the backside of this break. [announcer:] what if one stalk of broccoli could
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continues with an interview with christian zan. he was up 20% last year and gives his top three picks. we're debating jpmorgan off the upgrade today. we will see you in about 20 minutes. >> launching a major revamp to its, quote, retweet feature today the retweet with comment feature will now allow users to embed a tweet with the added ability to write in their own commentary as well. this is available on twitter's site and iphone app and it will be available on android soon. a sigh of relief we can stop copying and pasting but isn't this something they could have down long ago to make this easier? >> i feel like there's tension between the old-school twitter uses and like them not wanting to get out of control here. it's kind of like a subquote tweet thing but a beautiful thing. those of us who have tried to figure out how to fit a thought into that economy of 140 characters when trying to quote something, thank you.
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this might kill the mt, the mod fide tweets. >> maybe. it's up as you mentioned today and the stock has been enveloped in rumors not just today but over several weeks about the future or this or that. i'm sure if you want it badly enough you can hunt it down. that's going to take you back to almost the highs last year or shortly after the ipo. let's get over to the cme group rick santelli with the santelli exchange. hey, rick. >> hi, carl. you know, lately, i would say a third of my e-mails, i get a lot of e-mails, are about the relationship between stocks and the dollar. and it really is not an easy issue to analyze because as many of the e-mails point out, a lot of smart people took a lot of statistics classes in college, they'll do all the correlations and go back and they arrive at the conclusion we all know, is that it's tough to come up with a strong correlation for the dollar with equities that is worth its weight in salt.
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but, worth its weight in gold maybe. if you look as of late when the fed goes hot all roads lead to the fed. we're on the road again. the issue i'm looking at isn't the long-term correlations, but what's going on in the here and now. i look up today and i see the dollar index is flying, it's up almost a penny and most of that because it's so euro centric, what does that mean? that means well over 50% of the dollar index is just the value of the euro versus the dollar. if you look at a mere image of the dollar index, you're basically going to get the euro. a lot of different ways to evaluate the dollar. i digress. when the fed goes hot, as they are now, what does hot mean? it means they're talking about normalizati normalization, raising rates, whatever path they take whether you believe it's happening sooner or later the market picks up on this. what happens is, all roads lead to the fed. if you trade equities, it becomes part of the what used to be the greenspan put, which became the bernanke put, now the yellen put. ult malgtsly, why does it become
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such a dollar relationship? meaning when the dollar goes down, stocks go up, when the fed's hot? well, makes perfect sense because everything is somewhat managed. we could use the word manipulate. it's got a negative connotation. today we had lewis woodhill on, smart guy, he doesn't believe normalization should include higher rates. the fed should target the crb. i understand why, substitute one form of control for another may not be the easy answer. if you are trading equities it looks to me like right now, we're not necessarily very hot. so we're in a range, 105 to 110 on a closing basis on the euro versus the dollar. trade rated dollar relationship. the reason this is important is as the dudleys and as the charles evans and some of the doves continue to come out and push that date forward, as messy as the relationship has been historically it's going to get messier again. days like today. the same true for energy when it was somewhat hot although you could make a better case of the
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relationship long term with equities because energy last five years has been such an inordinately large part of the economy versus history much due to the fact that our economy just isn't really firing on all growth cylinders. so in the final analysis, the next time we get a better focus on exactly one normalization rate increases selling of reserves whatever it is the fed is going to do to get back on the road again, well, that's when you're going to see the relationship kick back in that higher dollar because of the fed and that's going to, of course, be a bust or for the equity markets. jon fortt, back to you. >> all right. we'll be looking out for that. thanks, rick. technology is so important to our daily lives but a lot of americans are understandably worried it could end up taking their jobs. steve liesman is back at the mother ship to explain. >> thanks very much. in our cnbc all-america survey for the first quarter we did a very unique and detailed dive into american views on technology and let me it tell you some are very worried. we asked people, are you afraid
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in the next five years that technology could come along and take your job? only 13% of all adults are worried but take a look at this right here. those earning less than 30,000, one in four of those americans are concerned they could be replaced by some form of technology. it splits along income lines. if you make $100,000 or more only 4% are worried and also splits along educational lines. those with a high school degree or less, 20%. one in five are concerned. just 6% of those post-grads. the issue of does technology make our lives better, more complicated or not? we went back and found a question that had been asked in 19 9 by another pollster and we asked it again. a big change in views. right now, 55% of the -- 52% of the public say you know what, when it comes to complicating our lives and being too dependent it's a bad thing and that's a reversal you can see from 1999 when 55% thought it was good. all this technology may be
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having a negative effect. not so fast. when we asked about another way that technology tradeoff between losing your job or making life easier here we get a net positive. americans are a little mercenary about that. i think one question for you guys on "squawk alley," you want to know is, who are those early adopters. how many are there? take a look here. 7% of the population says when a new technology comes out, i have to have it right away. 39% say they wait a little while and the vast majority, 53%, guys, say they wait a long while before they buy that new technology. kayla, i think the reason for that is for a lot of americans, technology, the new technology, is a stretch. they're a little more careful about the purchase that perhaps wealthier people are. this got to have it now, they tend to be wealthier as well as younger. >> or maybe it's because they're locked into contracts with their providers. we don't know. but it's interesting data nonetheless. steve liesman back at
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headquarters, thanks to you. when we come back streaming is getting sent to the bench. major league baseball shutting down services like meerkat and periscope before the season gets fully under way. bob bowman from major league baseball will tell us why on the other side of this break when "squawk alley" returns. barbara just bought a bike. she wrote a tweet about it. you can't learn much from that. but take data from millions of tweets, combine that with your company's supply chain and sales data. apply ibm analytics and expertise, and all of a sudden, you can learn which bikes to build, what to make them from, where to sell them. because barbara and the world just told you how to build a better bike. there's a new way to work and it's made with ibm.
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it took tennis legend serena williams, fencing champion tim morehouse and the rockettes years to master their craft. but only moments to master paying bills at chase.com. depositing checks at the atm and transferring funds on the mobile app. technology designed for you. so you can easily master the way you bank.
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it is the start of baseball
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season and despite the buzz around apps like periscope and meerkat fans looking to live stream opening games may strike out. joining us is bob bowman the president of mlb business and media helping to service hbo's live streaming service. the hbo now channel is also live today on apple tv. good to see you again. good morning. >> good morning. how are you all doing today. >> man we are happy to have baseball here after a long winter, but the start of the season is colliding with the advent of the streaming services. will you stop fans from streaming and if so, how do you stop 50,000 fans from doing so? >> yeah. i don't know how "the wall street journal" got that story. i've been dealing with them 30 years. they got it flat out wrong. that's called an error. an e-6 on the journal and too bad. obviously we're a friend of technology. every social media technology has come along whether instagram or snapchat twitter facebook and now periscope. they've all been fans and friends of baseball. we expect our fans to use it. we don't expect them to stream a game.
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that's absurd. obviously i don't know what happened to "the wall street journal" but let's move on. >> i don't even know what to say. you're telling me the entire article is categorically 180 degrees wrong? >> i think in your question, you said, how do you stop it? we can't stop our fans from doing it, but no fan goes to our games to -- with the thought of streaming live a half an inning of a game. they've been captured video of our players for a long time and you have to allow that kind of activity. all these social activities that they do there, it's generally about themselves and their family and friends and, you know, yankee stadium yesterday, that 65 degree beautiful day, everyone was taking pictures of themselves and saying to their friends we're here, where are you? that's what digital media does, social media does. we've embraced it as much as anybody. i have no -- i spoke to the reporter i have no idea how that conclusion got reached but e 6 move on, we play 162 games, another chance today. >> bob, we were having this debate yesterday, very timely,
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with the digital expert here and we were drawing a comparison to what happened with napster about a decade ago where people wanted to get content and they were -- the spirit was right, but the actual way that they went about it was, obviously, illegal. i'm wondering, obviously it's going to be very hard to stop people who want to live stream, if they are, in fact, live streaming your content, but doesn't that still dilute the value of it? if you're trying to sell potentially in market streaming and some guest is just there and they're live streaming it for their friends and followers? >> look, of course, we have contracts with rsns they have rights to our content inside the stadium and in their home team territory. of course that's true. but i think we all need to pump the brakes here. this is an issue looking for a headline. this is not going to be an issue. our fans understand what they're there to watch a baseball game. it's captivating enough. we all ought to take a deep breath and move on.
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this is not going to be an issue. it's going to be helpful to the game of baseball. people don't have the interest in streaming live a baseball game. not the interest in doing it from their phones sitting in their seat. i don't know that type of fan. i think it's an interesting story but i think we've spent enough time on it. >> yeah, bob. makes sense to me if you're going to stream something might as well stream a tv broadcast and probably the higher quality. i want to ask about what you've learned about it technology here in the mobile era. your technology is good enough that others are using it. what opportunities to enhance the fan experience, the experience of the game, are you seeing in mobile that maybe didn't exist in the pc era? >> well, first of all, as you all know, as you do yourselves you look at your phone 500 times a day and so you think about the baseball game you're at the stadium and want to see facts, figures, video of what just occurred, you want to see a replay, your specific player, maybe in that stadium maybe in another, all you have to do is look in your hand and there's your phone and we will give it to you.
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that's why we put in wi-fi in our stadiums in the last two years so people will have corrective. you have to kr connectivity for our farngs the millennials. connectivity is equal to air. everything on the phone matters now. >> do you know what percentage of people in the stadium are actually connecting to the wi-fi network? >> we don't know. we just are one game deep. we don't know. i will tell you this, roughly 80% of the content is now outbound, not inbound. we started to wire these stadiums for inbound content, video and stats and things like that, but pursuant to what we were talking about earlier it's outbound. taking selfies, doing videos of the friends and family sending it out saying we're here where are you. they become one of our best marketing activities we can do is giving them connectivity so they can broadcast how great the game is. >> we had mike piazza rings the opening bell yesterday. we asked him about how baseball fits in in a fast paced world. he said it's like a picnic your don't hear about people going on
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picnics anymorep. does he have a point? >> baseball, first of all the new commissioner rob man fred is trying to increase the pace of the game and make it lively between innings and in the innings and done a lot in his first few months here. we recognize the pace could be picked up a little bit. the fact is the game of baseball has, you know, a thousand decisions going on every -- during every game. managers moving players, players jumping on the pitch and with our new technology where we track the players we think we're going to make the great game even better for technology laden world. we're excited about where we're going to be in a couple months here. the game has more right than wrong with it. we're optimistic about the 2015 season. >> bob, it's great having you. thanks for making some news today. we'll see you later. >> have a good day. >> joining us from major league baseball. when we come back senator rand paul announcing his run for the white house today and if you would like to, you can already support him with some tech themed gifts on his official website. we'll explain in a moment.
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[ male announcer ] your love for trading never stops. so if you get a trade idea about, say, organic food stocks, schwab can help. with a trading specialist just a tap away. what's on your mind, lisa? i'd like to talk about a trade idea. let's hear it. [ male announcer ] see how schwab can help light a way forward. so you can make your move, wherever you are. and start working on your next big idea. ♪
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any moment now senator rand paul will announce his run for the white house and his campaign website has nice tech themed merchandise. for instance, items available
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include rand iphone cases and beats head phone skins. available rand paul nsa spy cam blockers which run 15 bucks. the small tool sticks to the top of a laptop and opens and closes over the camera at the top of the screen. in case you're wondering what to get for father's day. >> very on message. >> to headquarters, scott wapner and the half. ♪ >> thanks so much. welcome to the halftime show. let's meet our starting lineup for today. stephen weiss managing partner of short hills capital, josh brown the ceo of ritholtz wealth management, john and pete najarian the co-founders of optionmonster. our game plan looks like this. #aboutface. why one well-known tech investor buying twitter for the first time ever and says tech earnings will be terrible. crude reality, exclusive interview with christian zan as our energy summit continues. where does one of the best

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