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comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. welcome back. >> thaerng you. >> we talked so much about dividend paying companies that are so popular with a lot of people looking for income when they're not getting it from the treasury market and so forth but you're here to make a case that dividend yields are distorted to some degree. they don't signal what they used to because of what's going on with monetary policies, right? >> it would signal companies didn't have growth prospects. it's different now. we know that companies are rewarded for giving dividends. this is a longer run trend with yields. it's only going to intensify. >> remember when microsoft started paying dividends it was a sign of ma turtd. >> that'

comcast business. built for business. >>> hi, everybody. i'm sue herera. here's your cnbc news update for this hour. more than 60 people were shot in chicago over the memorial day weekend and chicago's mayor rahm emanuel taking notice. >> it's unacceptable. memorial day is a time when we begin our summer. i've got a call for tougher gun laws, for judges who make sure that people who are repeat gun offenders do not get light sentences. >> 15 people, including four people were hurt when a north carolina school bus went down an embankment and into a house. it's not clear what caused the driver to lose control. none of the 15 injuries is considered life-threatening. crews had to use two large tow trucks to remove that bus. >>> there's a flood emergency in texas as several communities are under mandatory evacuation orders this morning after days of torrential rains. rivers are expected to reach some of their highest levels in decades. the death toll from the floods is now up to eight. >> and adel wants conc

comcast business. built for business. >>> hedge funds are having a rough go of it lately and one legendary money manager is blaming it on a dwindling talent pool. hedge fund titan steven cohen saying this at the milken conference earlier this month. >> frankly, i mean, i'm blown away by the -- you know, the lack of talent. it's not easy to find great people. >> well, cohen's .72 is trying toe find the next generation of great stock pickers and gave our kate kelly a new look inside the trade school. tell us about it. >> scott, i recently spent a morning at cohen's firm making the pitch for this newly established school called the academy. >> beyond financial accounting and beyond economics, also we teach them how to fail. we teach them about developing as people and teach them aboutry silliensy. that's not something you get in investment banking training. >> reporter: the right candidates for the hedge funds like point72, now private family office, can be hard to find. in the academy's first class three

comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. >>> win view is an app that lets its viewers bet on sports. and the executives are with us n now. and tom rogers, and hank ratner as well, the vice chair and former ceo of madison square gua garden. and for those who are not aware, explain it, tom. >> well shgs s, it is the om ocombination of live television sports with mobile and gaming. so while you are watching fo football, basketball, baseball or any sport on television, you can play through the app for fr free, and this not betting, but nonetheless, the ability to win cash and prizes and create a competition for natural view in behavior when anybody is watching sports, and we have a tangible way for it to be express

comcast business. built for business. >>> a 66-to-1 long shot but stretched the tank of gas and won in stunning victory. am exander rossi joins us outside the new york stock exchange. everybody knows when you're watching the fuel gauge get to zero. >> it's stressful enough when you're in a car trying to get to the next exit, but for me to try to win the indy 500 was huge stress and big credit to the guys who knew we had enough to get there in the end. >> first american born rookie to win since 1928, what does that mean to you? >> it means a lot. the largest turnout we've had at the indianapolis motor speedway. for me to be able to do it as an american showed american talent is on the rise. and it's very present in the indy car series, was a big boost for me. >> what does it mean for you in terms of what changes? obviously your bank account increased by a decent amount, but beyond that expectations now going to be higher? >> yeah, for sure. as a racing driver you always go into an event aiming to win. s

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you do with comcast business. it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $59.95 a month. comcast business. built for business. will your business be ready when growth presents itself? our new cocktail bitters were doing well, but after one tradeshow, we took off. all i could think about was our deadlines racing towards us. a loan would take too long. we needed money, now. my amex card helped me buy the ingredients to fill the orders. opportunities don't wait around, so you have to be ready for them. find out how american express cards and services can help prepare you for growth at open.com. man 1: i came as fast as iress man 2: this isn't public yet. man 1: what isn't? man 2: we've been attacked. man 1: the network? man 2: shhhh. man 1: when did this happen? man 2: over the last six months. man 1: how did we miss it? man 2: we caught it, just not in time. man 1: who? how? man 2: not sure, probably off-shore, foreign, pros. man 1: what did they get? man 2: what didn't they get. man 1: i need to call mike... man 2: don't use

introducing comcast business enterprise solutions. with a different kind of network that delivers the bandwidth you need without the high cost. because you can't build the business of tomorrow on the network of yesterday. digital digital colis . >>> breaking news. our second time around the block on first quarter gdp. first release, up .5%. we boosted it by .3. now up .8%. a little shy of what some were looking for. some were hoping for one hand. it's an improvement. it's not a very good number. but we know the second quarter it will average out a bit. getting closer. 2.9 was last atlanta gdp now. let's go to the internals. consumption 1.9. that's also shy. but it equals the last look. no change. looking for definitely 2% handle there. if you look at the gdp pricing index. up .6. a little cooler by a tenth on expectations and last look at .7. a drum roll. the pce quarter over quarter core. many paid close attention to it. running on the hot side of 2 had the -- 2.1 and remains there. how far back do you have to go to find a higher cor

comcast business. built for business. . >>> riding the rally. we check out some of the key factors that could push the markets to new highs. >> peter thiel speaks, revealing why he waged his secret war with gawker teaming up with hulk hogan. >> what you gonna do, brothers? >>> back to the beach. the unofficial kickoff to summer is here, and we're putting ride-sharing travel to the test. the cost of a car service versus a quick helicopter ride. >> get to the chopper! >> the second hour of "squawk box" begins right now. >>> live from the beating heart of business, new york city, this is "squawk box." >>> welcome back to "squawk box," here on cnbc, first in business worldwide. i'm joe kernen along with rebecca quick and andrew ross sorkin. the futures at this hour, could be three in a row. up 24 points. europe is a little better this morning as well. and we are tracking crude prices this morning. brent -- brent topped the $50 level for the first time in seven months while closing in on west texas. not quite there yet. at least we weren't earlier. j

introducing comcast business enterprise solutions. with a different kind of network that delivers the bandwidth you need without the high cost. because you can't build the business of tomorrow on the network of yesterday. because you can't build the business of tomorrow imagine if the things you bought every day earned you miles to get to the places you really want to go. with the united mileageplus explorer card, you'll get a free checked bag, 2 united club passes... priority boarding... and 30,000 bonus miles. everything you need for an unforgettable vacation. the united mileageplus explorer card. imagine where it will take you. & in a world held back by compromise, businesses need the agility to do one thing & another. only at&t has the network, people, and partners to help companies be... local & global. open & secure. because no one knows & like at&t. >>> i want to go back over apple again. these are press reports that said the apple iphone 7 could be bigger than people realize but they're only press reports. you won't get any co

comcast business. built for business. - omg. you are so funny. in the time it took me to type that, if i were driving 55 miles an hour, i'd have driven the length of a football field blindly. not funny at all. don't text and drive. the more you know. >>> as the race for the white house tightens, dallas mavericks owner and shark tank investor mark cuban is saying he's open to becoming a running mate with either hillary clinton or donald trump. >> if she really did come to you, would you listen? >> absolutely. but the key would be she'd have to go more to center. if she's willing to listen, if she's willing to, you know, hear other sides of things, then i'm wide open to discussing it. >> what about donald trump? >> same. you know, i'm an independent. i'm fiercely independent and think for myself. and i'd have the same conversation for donald. donald has a real chance to win, and that's scary to a lot of people. but what's scary about it to me is that you can see him now trying to do what he thinks is right to unify the party. and he's listening to

introducing comcast business enterprise solutions. with a different kind of network that delivers the bandwidth you need without the high cost. because you can't build the business of tomorrow on the network of yesterday. technology moves faster than the ever. ss of tomorrow the all-new audi a4, with apple carplay integration. >>> welcome back to "fast." elon musk raising eyebrows. mike is at the new york stock exchange with this story, mike? >> elon musk planned to sell 2.8 million shares as part of the stock. it's highlighted musk use as collateral for personal loans. he pledged to back loans totaling $500 million. tesla's offering document notes if the stock price were to drop, musk in theory could face margin calls that would pressure the stock. musk willingness to borrow and use the cash to finance tesla, those include solar city and spacex is relatively rare among corporate executives but ceos have encountered trouble when they face margin loans most notably michael pearson had stock liquidated late last year and a few years ago

comcast business. built for business. freshly made in the tokyo-japanese tradition, each batch is small. special. unique... every bowl blurring the line between food...and art. when you cook with incredible ingredients... you make incredible meals. fresh ingredients. step-by-step-recipes. delivered to your door. get your first two meals free blueapron.com/cook. >>> when we return we have breaking economic news. weekly jobless claims. plus, debating the big market question of the morning. is a june rate hike back on the table. >>> u.s. equity futures. "squawk box" will be right back. . >>> developing story this morning. officials are investigating the presumed crash of an egyptair flight into the mediterranean sea. egypt's civil aviation minister says it's too early to rule out just technical failure or terrorism or any other cause at this point. >>> it is time for weekly jobless claims. rick santelli, the numbers, please. >> 278,000, joe. from 294,000, of course, the big jump last year. a lot of reasons going on. teachers

introducing comcast business enterprise solutions. with a different kind of network that delivers the bandwidth you need without the high cost. because you can't build the business of tomorrow on the network of yesterday. because you can't build the business of tomorrow [phone buzzing] [engine revving] [engine revving] [phone buzzing] ♪ some things are simply impossible to ignore. the strikingly designed lexus nx turbo and hybrid. the suv that dares to go beyond utility. this is the pursuit of perfection. >>> welcome back. tesla disclosing further details. and phil lebeau has more. >> we know how many shares are being offered and ruffoughly th price. 9775,000 shares. comes out to a share price of 2 208.81. so that is the pricing on the secondary offering from tesla. and that is back of the envelope math. we'll wait and see if we get more details. not all of that is coming from the company. remember about 600 million will be coming from shares elon musk is selling as he exercises 5.5 million options on 5.5 million shares. >> you are

comcast business. built for business. ♪jake reese, “day to feel alive”♪ ♪jake reese, “day to feel alive”♪ ♪jake reese, “day to feel alive”♪ andrea sikon. medical doctor from cleveland clinic watson, let's review the electronic medical record of the next patient.. no problem. it's a pretty huge file. done. sorry for the wait. that was quick. as part of our research, i also compared lab results with notes about prior treatments then cross referenced it with thousands of medical journals. and i get the benefit of much more data, and a lot more time to plan the best treatments. i stay focused 24/7 and never sleep. you sound like a lot of medical students i know. >>> welcome back to "fast money." a news alert. more from headquarters. kate? >> melissa thank you so much. updetails on pershing square capital. having a rough year. they announced recently they've added about 5 million shares of valeant. of note air products. it looks as though they've decreased their air products position by quite a lot. how

. >> thank you very much, julia, of course joined by chairman and ceo brian roberts from comcast, our parent company, talking about so many of the different issues that are affecting the broader business if you will, including cord cutting, cord shaving and of course broadband being the key product, simon. if the margin is there, and the equity is there and that's what these companies are becoming, not really -- not really willing to venture too far into wireless in terms of some of these questions that are out there as to what the company's ambitions may be, do you need to follow your customer everywhere they go or can you do it with wi-fi as mr. roberts indndicated. >> it's an interesting assertion that you can prevent the cord cutting by improving the technology. you know the average person in this country still watches almost three hours of television a day. therefore maybe we've misrepresented how that falls in the family budget. >> and you can ttalking about t consideration of the bundle as well may be something economic when you have the family at home and big 100 inch screen s

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comcast business. it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $59.95 a month. comcast business. built for business. say they'll save youfor every by switching,surance companies you'd have like a ton of dollars. but how are they saving you those dollars? a lot of companies might answer "um..." or "no comment". then there's esurance - born online, raised by technology and majors in efficiency. so whatever they save, you save: hassle, time, paper work, hair tearing out and, yes, especially dollars. that's auto and home insurance for the modern world. esurance. backed by allstate. click or call. >>> monsanto battle mounting corporate woes. companies have declined to comment but the rumors did move them on the wires yesterday. we saw bit of a pop yesterday. basf off. bayer as well. >> interesting because you have chem china taking over san gen that and team questioning because the chooibz. >> lot of regulatory concerns there. >> precisely. following a string of

as you say, a superior business model, but that's just me. anyway, this morning's other corporate story, these two guys get together, huh-uh, no way, no way. office supplies -- it's frightening, you can't get this stuff on the internet, huh? >> can you imagine what you have to pay for that hole punch? >> you cannot the this happen. staples and office depot officially calling off their merger so they can sink in separately inground instead of holding on to each other. it comes after a judge ordered a deal halted not since sirius xm which we know as a monopoly. there's pandora, and firefire, they got to figure out -- get howard stern, paying him $300 million a year just to -- it might be more -- what's he making now? >> what's the deal like $500 million over whatever? -- >> right. >> five years, ten years. >> anyway, a court -- and he signed a new one. he knows that 1930 formula that they use? do you remember that? >> i just find it interesting in '97. maybe in 1997, you could have a case for it, but today in the world of amazon -- >> but the f

introducing comcast business enterprise solutions. with a different kind of network that delivers the bandwidth you need without the high cost. because you can't build the business of tomorrow on the network of yesterday. >>> welcome back to "fast money." disney is falling in the after-hours session. julia boorstin has been monitoring that call. off the session lows. what's going on? >> well, disney ceo bob iger focused on the studio's massive success with films like "star wars," the force awakened. it's about espn and the impact of new digital tv bundles, and the potential down the road. iger wouldn't give specifics subscriber numbers for disney's channel inclusions, but he said that they are a positive for disney. >> we're also in discussions with a number of entities, some current distributors that are coming forward with new packages, and some completely new distributors. all have expressed an avid interest in having espn and our other channels included in their initial offerings. and we're very, very encouraged by the discussions

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comcast business. built for business. lemonis: i've learned your facial expressions. so, let's talk about it. lynn: yeah. okay. lemonis: i can tell from the tone in your voice how you're really feeling, so just tell me. lynn: we knew that there was a possibility that it was gonna have to change to mass produce it. we deal with that every day. we see a recipe, we try it, and there's got to be some change to go from feeding 6 people to feeding 1,000 people. that's gonna happen. so, i'm taking the step back, and i'm looking at it. and i want to see how it turns out. and then we'll go with it. -lemonis: is this done? -kenny: these are done. lemonis: what do you think? lynn: i think i like mine a little bit sweeter. lemonis: so, we can add a little more sugar to it? kenny: correct. exactly. lemonis: the bones of your biscuit are fantastic. so, i think what we need to do is continue to work on the recipe and come up with something that works for both. lynn: okay. lemonis: i'm happy to see that lynn sees the value in all these changes we're making. at the end of the day, it'

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comcast business. built for business. >>> hello, everybody. i'm sue herera and here's your cnbc news update for this hour. republican presidential candidate ted cruz campaigning in indiana in a last-ditch effort to deny donald trump the gone nomination. later at a news conference, he laced into his rival. >> this man is a pathological liar. he doesn't know the difference between truth and lies. he lies practically every word that comes out of his mouth, and in a pattern that i think is straight out of a psychology textbook. his response is to accuse everybody else of lying. >> trump responding by calling cruz a desperate candidate trying to save his failing campaign. he says it proves once again that cruz doesn't have the temperament, in his opinion, to be president of the united states. >>> mass teacher sickouts have forced dozens of detroit public schools to shut their doors for a second day in it a row. teachers gathering for a rally at the headquarters of the city's public school system and the district says it won't be able to pay teacher

introducing comcast business enterprise solutions. with a different kind of network that delivers the bandwidth you need without the high cost. because you can't build the business of tomorrow on the network of yesterday. because you can't build the business of tomorrow lemonis: throw money in the garbage. miranda: i don't want to. lemonis: throw it in the garbage, literally. miranda: [ grunting ] okay, i got it. lemonis: that's what throwing money in the trash looks like. miranda: doesn't look very good. i mean, it sucks. it sucks. lemonis: you can't be just going out and buying stuff. miranda: i'm not. lemonis: but i just saw tweezers. miranda: well, that, no. we've already got a p.o. for that. lemonis: but you could get a p.o. for anything. miranda: i'm worried about pissing off my customers, or our new branding upsets them. they're not gonna continue with their millions of dollars' worth of orders. lemonis: do you know what that basically says to me? "i don't trust you with my business." tell me why, when i was talking to ashley,