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tv   Squawk Alley  CNBC  May 19, 2014 11:00am-12:01pm EDT

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and big ideas that make them happen. squawk valley is apple, google, netflix, alibaba, the top tcs and next generation, snap chats, ubers, pen trystinpinterest. we have been in beta. welcome. guy, good morning. you excited? >> yeah. i'm thrilled to be here. >> yeah. fun to do. first off this morning, another huge cable deal on the way. at&t plans to buy directtv for the price of $48 billion. directtv this is number one satellite tv provider in the u.s., 20 million customers. the deal has huge implications for mobile video since directtv has an exclusive contract for the nfl ticket that we now know is key to making this stick. >> you can't do broadband over site. the only theory i can come up
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with is they will deliver tv over the satellite, freeing up broadband capacity or having more subscribers. satellite is basically a defunct technology. >> at&t has said two-thirds of directtv's subscribers are not at&t customers. about 14 million people. an interesting international footprint. they started talking about doing interesting things in the car and back seat and could do radio as well, pushing into planes. all of that is relatively small ball when you take this and look at the scale that at&t needs to continue paying that dividend and also have the cash to invest in spectrum auctions, invest in a broadband rollout. they have 2300 retail locations where they can sell tv and perhaps beat comcast and others on customer service, part of what they're looking at. >> there is one obstacle to growth, the infrastructure of satellite tv. you can't put it everywhere, can't put it on certain
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buildings and can't put it on certain cities. i agree with jim cramer who said if this technology was that good you would have had a competing bid for this company and you don't. >> everybody needs to bulk up and will bulk up with better or less good competitors. this does give them better leverage. plenty of urban places you can put up satellite services. go into your at&t phone store and get your phone and all your data needs and your television through the satellite. that's for now and the future is everybody basically over cable and wireless. >> do you think it's a given the negotiates with licenses of content will go at&t's way in the early going? >> i think probably so. >> the scale won't matter in that respect? >> it matters. comcast got so much power. nobody wants to admit it. people are scared of comcast. they love the idea of godzilla versus monthra. you don't want just godzilla out
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there. you want another monstra. lots of questions about the competition. what does this do for pricing for consumers? this does potentially take one off the table. >> u.s. cable bills in 2012 up 5.1% on average to 64 bucks, three times inflation. >> yep. >> does this make comcast's argument more difficult tore timewarner cable? >> i think everybody will have a very regulated situation. they all have to observe levels of net neutrality regardless the law, how they play out. they all have to be more favorable and more consistent in their pricing because they are all bulking up with more market concentration. i think you will get a self regulation element that comes to play >> if this goes through, net neutrality is moot. once you have comcast and at&t directtv agreeing to it, what's everybody else going to do? >> the fcc is so taxed now. they can't ene deale with net
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neutrality now if they want to. >> absolutely. >> facebook going after snap chat that let's you take pictures after one view and it's been in development last year after snapshot's creators rejected that $3 billion bid from mark zuckerberg on facebook. >> they have go after this anonymous disappearing secret space. they can't be left without. i this is like being a television network in the '90s and not having a realty show. >> i don't know. facebook doesn't have a great track record chasing these type of things. >> you're talking about we're in this age of this now? >> yes. but whether it's location based four square type stuff, other things. when facebook is chasing something, doesn't have something really special to bring to the mix, they fail.
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it's one thing for ef fem or rattle to be the thing. >> most of us remember the facebook poke we hardly knew you. it was hardly rolled out before pulled back in. >> give them credit for a second crack at it. important enough to give it another go. a lot of people get skittish and wouldn't go after it again. these companies that make bold moves true it again, like motorola. that's what has to happen. >> it has to be bold. >> snap chat has changed so much now and the app has become so confusing. it's so hard to use with the tab and this and that. you don't get it, you're not the target market, you're not 19. >> you're not a congressman. >> hate to break to it you, john. >> maybe they will wield it to make it more usable? >> is he biting off more than he can choose? >> everything old is new again. media companies, facebook, how i think of google and so forth,
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they need the genre of programming and entertainment people want today. >> they have the currency at least for now. right? >> certainly do. >> do you think they should go ahead and buy snap chat. tried in the past, $3 billion. i'm sure the company now after the ftc ruling and a couple opener issues and have a new rollout and can't quite figure out what their identity is, do you think they can get them for less than $3 billion? >> less than $3 billion? we're hearing about snap chat, high school skuntsz. certainly not the bargain instagram was? do they want to find a completely different area, seems like snap chat is playing hard to get. >> whisper, worth $36 million, you had the ceo on the show. they just raised $36 million. that's a possible takeout target. secret, a lot of buzz in this valley. >> starting to get dangerous, once you get into that stuff and
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yick yack, starts getting eve c evenicier than some thought for some users. >> a cheaper way to get into it. >> i like the way we're drawing the line between the secret market and disappearing market. who thought we would be having this discussion. >> i think it's a nuance. you want to look at both of them together. >> youtube to acquire twitch for $1 billion. interesting to see tube catch up in a certain area. >> what's great, so much content is created cheaply and easily. people play these video games and live stream it to twitch and the video companies are okay with that and takes the labor and cost of the video outside of the equation. this goes after an amazing advertising demographic. they have a direct buy for
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mountain dew. i don't think it's going through an ad buy network, what a perfect group in this market. >> people into this stuff, they watch them for a long time. that's is a very engaged audience really hard to get on mainstream media outlets. they're distracted except when they're either gaming or watching other people game. i think twitch has a lot of thanks to sony for this because the ps 4 has a feature that allows you to automatically stream your game play to twitch and that gave them a really nice boost. >> you mentioned this is youtube playing catch-up but it made it sound like there were potentially other suitors and twitch decided to go with google and youtube because they felt as a company that was the best platform about this technology. what does this say for youtube? >> this is a very hot company, it was spun out of justin tv out of silicon valley, the guy who wore the camera on his head. the prices were relatively in
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the same range and chose to go with the leading candidate if the deal gets done, which is youtube. they have a million people uploading content to it. 45 million users. these are people who had their choice. >> do we know much about the valuation? >> and this morning they said the deal is not done. >> talks in the early stages. >> it's important to sony and microsoft, part of this whole cloud stream iing entertainment environment, an area nat doesn't get talked a lot about a lot but kids are watching. >> for sony and microsoft to up the bid makes perfect sense. they integrated into these consoles, one economic, stream your content to twitch, coming out in the next month sorry. i don't know why they would let google take this. mark an dreessen feels constrained on twitter and said 140 characters doesn't make sense anymore and if it were up to him he would raise the limit
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more than double what you can currently tweet. we're asking you to tell us if a tweet is 140 characters, what is something 400 characters called? tweet is at squa"squawk alley." we had interesting discussion about bitcoin and the ability to get it. >> you wouldn't call it a bubble but we're in an ebb period. it will flow once again. >> manic depressive is what the public markets are. >> sometimes it's hot, sometimes it's not. a recalibration. >> you could say the early stage and late stage are issues but the middle of the pack, like a whisper could easily raise it 30, $40 million. >> there's no bubble, there's no bubble, well, maybe there's a bubble in certain areas, we don't really know. i think kara was saying we'll see how it plays out, starting to feel a little iffy. >> the irony is the video i
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should give a correction. that was mark novagratz. he said the markets are a bubble, junk bonds are a bubble and been calling certain parts of these markets a bubble. >> and there's individually expensive stocks and start-ups. i think throwing the bath water out is wrong because they all look the same. do you like the music you hear on the show? now, you can see exactly what we're playing every day. look us up on spotty fi und under@walk alley. >> i think you need to identify the company it goes with. >> i hear carl has final veto power. >> no. >> if your song doesn't make it on, you know who to blame. finally, what's under the sheets. we have something ready special for the launch of squawk alley today. it is on the floor of the nyc.
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john, great seeing you, john steinberg. next, the department of justice, the government spying on u.s. companies. can we fight back? the former u.s. technology officer will weigh in and aforementioned kara swisher on former nyt, joe abrams, one of the top tech journalists goes at attention to the gray lady. the highly addictive google dooled. back in a minute.
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today does mark the 13th anniversary of the apple store. that was former ceo, steve jobs, introducing the first ever store in 2001. the move was considered to be a gamble at the time. now, there are 421 apple stores across the world and the envy of the retail business. >> exactly, there are so many imitators of the apple models which is microsoft with bricks and mortar stores. >> at the time they were failing. gateway stores didn't work out and everybody said you don't need it. >> i flew out and almost
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everybody thought it was doomed. >> interesting place to launch, tyson's corner, virginia, that is like the kcapital of malls. very funny it was not out west and near the capitol. from bricks and mortar to ecommerce, we want to give you an update on alibaba. the biggest one is alibaba. that filed its f1 earlier this month. now getting word when they may start to trading. i just talked to sources over the weekend. they are saying the next step, as we know, is getting some commentary back from the sec. that should happen as soon as june 7th, i'm told. they can raise questions about the business model. some questions surrounded fake accounts. twitter said it was too overly optimistic about revenues and asked the company to break out international years. interesting to see what the sec says about alibaba.
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>> they will take a couple months to respond. if the company is able to apiece these concerns in a timely manner, it will look to go public the first week of august. 8-8, significant in chinese culture. that's a friday. if you open for trade on friday you can't trade in the asian market. i'm told it could fall earlier that week so all global markets can participate. if it doesn't happen that week, we know very well the end of august not only volatile because trading is so thin, so many people away, so many vacations planned. if it's not that first week of august you're looking after labor day. >> i tend to think august people think is a bad time to do things and trading volumes media. we found media consumption is up because of these mobile devices and you have a lot of hedge fund managers buying alibaba on their mobile phones >> is alibaba big enough to bring people back from the
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hamptons. >> you can work from the hamptons. >> and it happened last year. >> we'll see. >> we talk about august being a quiet month. in the past you had blow-ups of the european crisis and the downgrade of the u.s. >> these stories of chinese eszspy onnage have been incredible. scott has an update from hq. >> incredible is exactly what the u.s. would say. the children foreign ministry is out with a statement saying this so-called prosecution will damage u.s. cooperation and mutual trust. they say the allegations are made up, and, again, to recap, the u.s. grand injury has indicted five chinese military officials for allegedly hacking into a number of companies and
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united steel workers union in an apparent effort to gain trade secrets that goes back allegedly to 2006 and continued up to this year. there's no indication they will ever get these five officials in front of a u.s. judge or jury to answer to these charges. the chinese issuing their own answers saying the allegations are made up. >> thank you for covering that story at hq. we want to stay with the story and take a listen to the attorney general earlier this morning. >> today, we are announcing an indictment against five officers of the chinese people's liberation army for serious cybersecurity breaches against six american victim companies. these represent the first ever charges against known state actors for infiltrating united states commercial targets by cyber-mean cyber-means. >> speaking exclusively to cnbc on these charges is the u.s.
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government's first chief technology officer, chopra, the author of "how technologies can chan change." >> thanks for having me back. >> are we in trouble? sn>> the last few years, the president's been very clear in today's innovation acadeeconomy protect i protecting intellectual rights is important and including government officials or government employees might be part of evaluations of this sort as part of an overall strategy to combat cyber-threat. we specifically have seen in the u.s. china strategic and economic dialogue, particular time and attention focused on intellectual property rights and theft of intellectual property. >> is there a fix, for lack of a better word? >> this requires a multi pronged effort. you noted earlier the likelihood of these folks coming in to get
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justice may not be that high. it's an important signal of the value the united states is placing on intellectual economy. and important for trade negotiations. companies have been dealing with this on its own and heard constant complaints from the private sector they're going it on their own with these threats and the cyber-espionage from a corporate standpoint and against our military is a blurred one. the results from the president's strategy is good news for the american economy. >> in traditional times you try to assess the damages or actual amount of theft here. there are some quotes saying this twice $50 billion roughly of stolen intellectual property each year. how difficult is this to quantify and what does the size of that number imply to you for u.s. and china relations? >> it's important to note.
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i think steve ballmer made the point if you look at china's user base in terms of pcs and share of revenues that come from china, a fraction, 5 or 10% of that overall eligible pool or likely pool. there's a big number just on software license fees one could account for. there's strategic aspects to this. one of the companies that was the target of the indictment today was solar world. as you recall, there was a governmental action against the chinese for essentially dumping low cost solar panels into the u.s. market. you have a u.s. firm in the solar industry potentially or a allegedly attacked. what is the value of getting inside trade secrets about pricing and corporate strategy when you look at the broader picture, the allegations of dumping. these are important pieces to put together, a big chunk of the economy. some say it is a quarter of our gdp. protecting them is an important part of our strategy.
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have a feeling we will come back to you, aneesh, on this one, especially was we wait for not just the charges but the fallout from those charges. thanks so much for joining us this morning. >> any time >> what's four years old and wastesing everyone's time this morning? easily accessible online and we will show to it you in a few moments. who's scared of abe bramson? kara swisher is up next. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve.
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predicting the future is a pretty difficult thing to do. but, manufacturing in the united states means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done.
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happy birthday to the rubix cube, turns 40 years old today. google honoring it, turns 40
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years old today. google has it with the most difficult so far. steinberg was just saying what a beautiful job the engineers did on that interface. if you're a company and doesn't work on mobile or it doesn't work on mobile, that's a big problem. they have it working perfectly on the ipad. kudos to them. >> speaking of the ipad, 606.74, the highest of the year. cramer said this is the breakout he's been waiting for. we'll see how long it lasts. ios 8. they are hinting to new products and everybody will see if there's anything in screen resolution that might put truth to rumors behind the iphone 6. >> we think nothing is going to be launched at wwc?
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>> hard we are? we think not. basically a hardware store. and we countdown to the european close in a minute. >> it's the european countries moving for individual regions, and ireland and ryan air boosting that stock market in the other direction. italy is fascinating. we were down the% the beginning of trade and more than 3% and we have cut those loss in italy as the banks came back. and the yields moving in the opposite direction. yields are rising as the bond market sells off. the big news is astrazeneca rejecting the final and best offer from pfizer, not just about price also about the fact they're arguing about their shareholders getting a tax advantage and cost savings not so arch strategic fix. and the big story is credit suisse and will admit criminal liability with u.s. authorities
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at a fine of $2.5 billion for allowing americans to evade tax so many years. it looks like brady duke, the chairman and ceo will keep his job. we will wait and see if that news breaks after the markets. the big question will there be a loss of confidence as lloyd said friday because people can't have credit suisse as a client or bank as a result of them accepting wrongdoing. deutsche bank come through with the $11 million capital increase courtesy of the royal family in large part. the ceo saying he will invest the money here in the united states and also in wealth management more broadly. it will be interesting to see what gets eaten up with the various investigations they also face. have a listen to what he said. >> we're taking the step to increase capital reserves for deutche bank and take advantage of the very significant changes in the operating line we see
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coming. >> we'll wait for that news in particular, from credit suisse. back to you. >> simon hobbs. now innovation and big soda. sara gets a first look at pepsi's for pepsi's for ray. >> and dear jill. coming up. dow is up 25. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running.
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. >> it wasn't just in timberlake or miley cyrus that stole the show last night at the billboard awards, the return of the king of pop, michael jackson. michael jackson's hologram captured the audience, many live tweeting the event. twitter provided us this exclusive data. this is a time lapse and it represents every time someone tweets about michael jackson. about 9:00 p.m., boom, takes the stage. if you want to know what it was like. mark cuban actually posted this instant video. ♪ ♪ >> that's great stuff from cuban, although john fortt,
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those time lapses of twitter activity shows you how the country really operates especially with live event, too. >> especially in texas. texas really lit up there. >> really? >> for michael jackson. not a surprise. lots of big cities in texas. a big place. >> we hope to do more of these with the aid of twitter. thanks to them for that. >> meantime this morning, the ou ousted "new york times" executive editor, jill abramson made her first public comments since a speech held at wake forest university. >> what's next for me? i don't know. so i'm in exactly the same boat as many of you. [ laughter ] [ applause [ applause ] >> kara swisher wrote and open letter to abramson over the weekend, dear jill, from one pushy media dame to the other, kara is co-executive editor. she joins us this morning. it is a great piece, a great
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read, even as you insert yourself into the middle of it, you say jill scares the be jesus out of you. >> it's a good thing, she does. it's not a negative thing. i wanted to acknowledge she's a really tough editor and really strong leader i noticed when i dealt with her >> you make comparisons to ben bradley. you admit what a statement that is after your time working at the "washington post." what's your take after watching her at wake forest today? obviously we don't want the headline to be she's keeping the tattoo. i hope that's not the headline. >> she's keeping the tattoo. you don't let go of it too easily. >> i think it was funnied. she's handles it easily. >> "new york times" is handling it changing. and she's handling it quietly
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and a very witty woman. that joke is perfect, exactly right, doesn't call too much attention to it but calls enough to it. >> kara, she also made a joke about the aggressive media attention at wake forest commencement saying thank goodness all of your achievements are so out of this world you have all these reporters here to watch you graduate and walk across the stage. in your piece you kacan't say h many times you've been called a pain in the what for your aggressive manner. we don't hold male newspaper editors to the same standards we do to women. i'm wondering if you can comment on that and how you feel being a woman editor yourself? >> i'm the boss and i don't have to worry about that at this moment. i think throughout my care career -- by the way, i've gotten dozens of e-mails from women and last night and yesterday with similar stories, if you push a little harder, which is i think the qualities that make you a great journalist
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if you're in a position of leadership you get called out a lot more. i've been called all these names, shrill and why are you complaining? not just in journalism, in the workplace. if you push it a little too far you get push basic. i call it get back in line girl kind of thing, get back in the nice girl's line and stop complaining. >> you make a contrast how sa z saltzberg saltzbergerhandles this and the way murdoch does. >> he fires a person and moving onto the next person. >> not be specific. my big issue in the piece besides being called pushy and what it's like, they haven't really explained what she did. i think they're the "new york times" and maybe they don't have to but i think they kind of have to now because they've explained enough people want more answers. so what did she do precisely? the problem is now the crime scene is tainted. once something happens, everyone agrees to perhaps the narrative.
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that's the problem here. you're not going to really know what the specifics are of what she did wrong. because it's the "new york times," people want to know. >> david carr's column is a step in that direction. >> it didn't have specifics. >> right. >> it just said it. >> interesting about that column, he didn't know about it before he started checking. it obviously wasn't widely known. that's what i wanted to know. it added more questions to me. >> the kind of reporting "the times" normally does. >> yes. >> kara, thanks. >> reminder nbc news group has a stake in recode and a pepsi partnership. pepsi-co with a big innovation. our own sara ieisen spoke to them. >> yes. ahead a lot of snacks and able to walk around. this is a pretty high-tech looking machine, touchscreen, tap your own, mix and match,
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choose your flavor. it has been a source of criticism for pepsi given the decline of soft drinks beverages the last nine years in this country and talked about this spire bringing attention to pepsi's business and the food business she did call a growth opportunity. i asked her to walk me through exactly how this machine works. >> if you look at this, i'd say it's very modern and a continuation of what you do at home with your tablet pc. >> looks like an apple product almost. >> it's as elegant and sleek and beautiful as the apple product, if you want to call it that. what we've done with this, we've given the consumer multiple choices to make beverages o our base, great tasting pepsis, tropicana, sobe. we start with those and give you flavor shots. this is 2.0. go ahead.
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very intuitive. >> i will go with the basic. >> decide which flavor. you can go up to three flavors. >> i will do raspberry, lime, lemon. >> hit the pour and hold it. >> now, you have to make your favorite one. i was told you have a favorite. >> actually, i have multiple favorites. let's go through. i like the sobe life water, the p pomegranate. i like it with lemon and lime. this can do with carbonated beverages and non-carbonated beverages. i'm very proud of the team that worked to bring it to our customers. the complexities of the machine is minimum because it works with the existing infrastructure that exists in the restaurants. in this machine, the ice is part of the machine. this is a floor machine opposed to a tabletop machine. you start getting more combinations and more
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substrates. let's give this a shot, for example in this case the ice is right here in the machine, right? you just put it there, touch the start. look at -- this is mountain dew, right? it turns green. i do strawberry, raspberry and peach. all right? what we're doing is saying to the restaurant operator, let's give you all the choices. you decide what you want. we want to give them spleksibilitsplek flexibility and take the complexity out of the operation. >> you can see us having a little fun. serious business for pepsi. also coca-cola with its new freestyle out over the weekend. pepsi is trying to make a dent in the restaurant business. you heard her talk about the sleek design. >> replacing all of those is a huge capital project. >> it looks like fun, doesn't it? it actually really was to choose your own flavors. i didn't know she was going with
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the sobe. >> what's under this sheet? coming up later this hour. meantime, marc andreesen telling the "new york times" 140 character is not enough. he wants a 300 or 400 character limit on twitter. we're asking if a tweet is 140 characters what is something 400 characters called? we'll ask you later on. rick, what are you watching today? >> simplicity. today, we're watching simplicity. everybody wants to know why rates are so low? i will go one better. i will tell you in my opinion how easy it will be to call when they go even lower. the big number to understand that, 125. that's the big number. you want to know what it means. show up after the break.
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i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves. coming up at the top of the hour, can stocks and bonds rally together? a top rated narm analypharma-ans us why the pfizer astrazeneca deal isn't red yet. jc penney in the red but is the company on the road to a turnaround? all at the half.
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>> let's check in with rick santelli and get the santelli exchange. hi, rick. >> hi, carl. i tell you what. everybody has not stopped talking on this trading floor about interest rates moving down since we had our close last thursday under 2 1/2%. that represented a new yield close for the year. so we're all on the same page, let's run through the key charts. year-to-date of 10s. see it there. circle in your brain that low yield before right the beginning of february, 2.57. february 3rd, look at an s&p 500 chart. understanding it is doing the best, just shy of 2%. a significant low, guess when. february 3rd. look at the dow jones industrial average down a third of a percent. it had an important low, february 3rd. nasdaq is down 1 1/3%.
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you can see it also had a big day, february 3rd. my big number, the difference between that low on february 3rd for the nasdaq where it's currently trading. 125 points. let's look at the other indices. the s&p on the iii, doing the best, 1741. currently at 1884, the dow is 15372, currently 16513. so the nasdaq, in my opinion, you want to keep it simple with interest rates, you don't need to look at the data, you don't even need to pay a lot of attention to the ecb, even though pretty much everything they do will weaken the euro. they're in the hot seat right now in terms of potentially lowering and negative interest rates and how do you think that will settle with the global economy? central credit banks after the credit crisis understand we all didn't have the same response after that '08 crisis but to be
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revisiting that end of a crisis management strategy probably isn't going to sit well. i think it's that simple. you look at the nikkei and dax, major indexes around the globe. february 3rd, 4th, had significant lows none of them did it in a timely fashion that followed the 10. they were a little late. this simple. we trade under 3996 in a closing basis, i think you make a play for 2 1/4 or lower. how simple is that? >> back to you. >> we will remember that. rick santelli. when we come back, the big reveal, find out what's under this sheet and how you can maybe get one of your own. peace of mind is important when you're running a successful business.
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from the victoria's secret 3d printed bra, 3d is in the community and today they're adding another project to their roster with a special print they made just for us. peter joins us once again from shapeways, the ceo, good to have you back, peter. you've been teasing us all morning long. what do you have under that blanket? >> your new logo.
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>> can we take a look? >> you want us to take it off? >> sure. >> i'm holding it. you want to do the honors. >> look at that. >> isn't that awesome? >> that is awesome. walk us through the process how that got made. how long did it take? >> you guys worked with a community member of ours and shape way is home to a community of designers and ryan was the designer in this case. based on your input he designed this logo in full color and when it was ready he sent it to our sites, how it works, designers can upload their designs to shape ways and in full color. it's been printed on a full color 3d printer. here it is. >> how many pieces is that, one, two, three -- i was told, no, all one piece. >> that's the cool thing. 3d printers are capable of making a lot of things regular manufacturers can't make it in one shot. >> i'm being told to have you
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show us the other side so we can see. the backside, yes. >> the backside has no color. it could have had color but since it's standing on your desk like this it doesn't make sense. >> what does it cost? >> 3 to $400, probably a little bit more. >> and the more color you have the more expensive it is. how difficult is to it get five colors? >> it wouldn't be difficult. with black or colors the price would be exactly the same. >> how's the market right now overall? we've had you on before to talk about the market, the valuation of public names in this business. what would you say about the business at this point? >> business is growing very fast for us. most people have heard about 3d printing but starting to figure out how relevant it is to them. what projects, what kind of cool designs and products they can get from 3d printing and they're
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trying it. we see it on shape ways, doing more projects every month than the month before. we're happy about more and more people using it. >> what's the breakdowns in consumer order versus enterprise orders, are you seeing an uptick in business? >> shape way started truly focused on consumers. we want individuals to get exactly what they want. at the same time, businesses see opportunities and making things like this beautiful logo. we see that as well. we don't track it as individual, we see a total number of orders coming in. >> real quick, do you know your top selling item? >> top selling items. i think it's a group of items we currently sell a lot of, upgr e upgrades to helicopters. people into drones and phantoms and a lot of accessories for that on shape ways. >> peter, thank you very much. we get to keep this? >> this is yours.
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this will stay with us, peter. thanks for coming in. our "squawk on the street," marc andreessen you may have heard from now said twitter should go to 300 to 400 characters. if a tweet is 400 character, what do you call something 400 characters long? tweet us at "squawk alley." coming up next. o- ♪ here's a good one seattle... what did geico say to the mariner? we could save you a boatload! ♪ foghorn sounds loudly ♪ what's seattle's favorite noise? the puget sound! ♪ foghorn sounds loudly ♪ all right, never mind doesn't matter. this is a classic. what does an alien seamstress sew with? a space needle! ♪ foghorn sounds loudly continuously ♪ oh come off it captain!
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a little homage on the street. mark marc andreessen says twitter should go to 300 to 400 characters opposed to 140 characters. we asked you if a tweet is 400 characters what is something 400 characters called. joe rightswrites 2.47 tweets an pro ran
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mim-primo rants and it's called facebook and tweeeet. >> we ran video we thought was marc andreesen, actually the cio of fortunaress. joe tweet wed ran the wrong video and andreesen tweeted back, steve ballmer, play on your joke of all the bald guys looking the same. >> yes. we get all mixed up all the time. >> better to be noticed and engaged with people like that then note at all. we thank you him for playing with us. it's a big kick-off for the hour and establish a conversation around technology, especially on a month where we will have developers at apple. we will have ios -- at google. the innovation will be the name of the game for the next four weeks. >> from distribution, content, apps, everything is blowing up.
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you guys will be at the recode conference in a couple weeks. i'm hopeful it will be as chock full as today. we had a lot to work with. >> you will work the money element with your background in finance and that's the prism we want to look at, technology. >> scott wapner has the halftime at hq. >> congrats on the new show. we're looking for more from that trio right there. and from the halftime show, not finished. why the best pharma-analyst on the block says the pfizer astrazeneca deal is not done yet. twitching for a deal, we debate what a move could mean for the stock. penny pinching why the company's rebound has some calling the beaten down retailer a true turnaround story. josh, jeff, jo and peter are on the bench today. and we begin with an age-old


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