Just breaking in the last hour, youtube launching a new gaming app. Well bring you the details how this could help google take on amazon. A move to the down side after yesterdays gains. Today we have ron weiner and rick santelli. Welcome to all of you. Kenny, let me begin with you. What are traders saying why we are seeing the dow down 167 points . I dont think anyone is surprised. The move wednesday, that explosive move up from where we had been testing lower came on the back of more rumor about greece. The fact we are getting another, not so much a rumor but news makes perfect sense money would be coming back off the table as people position themselves ahead of the weekend. As welles a next week when the fed comes out with their statement wednesday. Rick, youll love this. Got the fed meeting next week. Whats the more likely yield on the 10 year by the end of next week . 2. 30 or 2. 50 . Ill stick with 2. 50 . I have to say you know what judge . I want to put an asterisk. No market moves in a straight line. Many including us yesterday on closing bell were discussing why good retail Sales Numbers put so much in the treasuries. It turns out the large negative repo rate in 10s and 30s so there is a shortage. Its like the commercial for the candy, sweet or sour. On the sour side, liquidity may show up side in yields at times when it rears its ugly head. There is a shortage. So many treasuries hunker down not able to trade on Balance Sheets of Central Banks and other large financial intuitions around the world. These shortages show up. When the issuance happens, auction, reopening like wednesday and thursday in 10s and 30s, you get to get very fascinating information as to how structure and supply are adversely impacting liquidity in a different way, a way that pushes yields down. To answer your question directly, i still think the path of rates is higher. Dont undermine that we can flip back and forth between scarcity and liquidity. Its a News Conference next week with the fed meeting. Interest rates could be more volatile. Ron, where are you putting money to work in this market . Do you see any opportunities today in the selloff . First off, its starting summer. Its friday. There is maybe a little liquidity issue here. Having said that, we are not timing this market. We said this the past four five years. There is a lot of cash out there around the world. Theyve been buying the dips. This may be more severe than the dips of the past. We havent hit a 10 correction in three, four years. We may have that. Its more of an opportunity. We are not going to try to time it. People cant time the whole cycle much less a 10 correction. Fair enough. I dont mean necessarily today, if there is not something obvious that jumps to the fore. Where are you putting money to work . Weve been out of the emerging markets. We put 5 into an etf that invests towards the consumer. Thats safer than just buying em and buying a country. We want to be in emerging markets. It is a growth market. The consumer is a growth market. We are in there. On the bond side we are just buying individual bonds for most of the portfolio. Im scared of Interest Rates. I think they are going higher than lower. We have this short cycle of funds for our clients. We are betting on Interest Rates going up. We buy individual bonds. So too, are those buying financial stocks right . Thats right. I wouldnt be surprised. Could you almost feel like the market is expecting janet yellen is going to change the language in her speech getting everyone set up the rise is coming. Probably more so september. I was a believer it would happen november, december. Im authenticing as long as data continues to get better september is realistic. Its almost as if the markets telling you, enough already. Lets get this going. It seems to be okay with that. Rick looking at the dollar today, this is one we probably dont talk enough about. Which way is the range headed from here and what impact will that have on these markets . I have complete confidence in the better thy neighbor theme. All the powers behind those currencies are going to do their best to put more pressure on their currencies down. I think the direction of the dollar will be more up than it is down but it does become a question of two issues. The fed, if they normalize, puts the dollar higher. If overseas forces push their currencies lower, it puts the dollar higher. It is a rig game. I think there is a higher propensity on a multitude of permeations of outcomes. Given this trade bill didnt pass today, are you disappointed in that outcome . I dont think so. Ir i think trade will continue. Companies are smart. They will sell where they can sell. I think the trade bill is a reason to be maybe a little more foreign. Ron kenny, rick thank you. We appreciate it. Wall street reacting to that ceo shakeup over at twitter. Shares of the Company Giving back much of their gains. It popped 8 last night and now down today. They appeared exclusively with our own dave faber on squawk on the street this morning. Here is jack dorsey about who is the right fit for the job . Not even a question im considering right now. We have a great Search Committee looking for the right fit for twitter long term. My focus right now is to make sure our product cadence and momentum of execution continues within the company. Also to make sure square continues its cadence and its momentum with our strong team over there. Jack dorsey talking whether he would entertain staying on and removing the interim job. There is a Search Committee under way. Well have to see how that plays out. Joining us is twitter analyst Darren Kessler from Raymond James and twitter shareholder kathy wood. You are the shareholder here. What are you feeling today . Weve been averaging down. We are now in terms of the etf space the number two holder in arkw. We are pleased with this news. We think costolo scaled the many company. They have three platforms to build out. They own realtime. Hyperglobal, hyperlocal. Nobody else does. They can get creative and do a lot with that. Was this really a one person story or was this a fundamental issue with twitters business . No. I think they have to make the product easier to use, more usefriendly. They are spending a lot of time doing that right now. I think theyll be creative with that platform, as well as the platform which connects anyone with public figures. Ellen degeneres, 44 people following her on twitter as opposed to 16 on facebook. In millions . Yeah. Thats how powerful this is. And marketing. If im on an airplane and i complain and i put it on twitter, they are all over me. They dont want that to happen. You have every corporation paying attention to what people think about their products on twitter. Is there a long way to go with twitter. Is the Company Going to seize the opportunity here . I think you are right. Twitter needs to move from the direction of improving the product. That is a concern for us. User growth hasnt been as strong as we like. There is room for improvement. I talked to one to look at news feed within that Group Settings your friends, business settings as separate. They havent implemented those changes. You can do it but its difficult. There is room for further ad modernization improvement. They talked about direct response. That is an opportunity they need to continue to work out Going Forward here. Whoever the next ceo has to focus on product as well as user perspective. What about m a prospects . In terms of twitter being acquired, there is potential opportunity. Google is often cited. Larger companies do lack social. Thats the one area youre seeing strong growth in is social. Search is slowing to some extent. From a twitter perspective, i think there are other areas to go into on the direct response side to build out features there. What would have to happen for you guys to exit your position in this company . We are going to give this Management Team some time. I should mention anthony noto is the cfo and i think will bring in discipline they needed as well. Want to see how it works out. I think theyve got a long way to go with these platforms. If they cant bring the billion people who have left the platform, and it is that many if they cant bring some of them back, they had a taste, they want to see what its like after it gets better if they cant bring them back, we have a problem. Did you watch the interview earlier today . Yes. What was your thought of jack dorsey as interim ceo . My thought was this is a replay i think could be a replay of steve jobs. Steve jobs said he was going to be interim and wasnt going to leave pixar. As it turns out, he was the founder of that company, just like jack dorsey is the founder of this company. He had a great vision just like i believe jack dorsey has a great vision. You left heartened rather than dismayed . I did. Aaron, did it change anything in your opinion about the company . No change at this point. Its the rate of the product in six to 12 months. If we start to see user improvements as well as ad modernization improvements, that could get more positive. Thank you both. About 45 minutes to go into the close now. Pressure across the board. Twitter shares flat. Dow down 150 points. S p giving up 15. Up next eli lilly may be pulling back from yesterdays 14year highs. The pharmaceutical giant is still up sharply thanks to optimism over its new alzheimers drug. Well dig into whether investors are getting overly excited on that. What is with wall streets love affair with restaurant ipos . Wingstop is sizzling today. And the ceo of bojangles which delivered its Earnings Report yesterday. You probably know xerox as the company thats all about printing. But did you know we also support hospitals using Electronic Health records for more than 30 million patients . Or that our Software Helps over 20 million smartphone users remotely configure email every month . Or how about processing nearly 5 billion in electronic toll payments a year . In fact, todays xerox is working in surprising ways to help companies simplify the way work gets done and life gets lived. With xerox, youre ready for real business. Welcome back. Red in every s p sector today. Dow down 154. The s p was at least on track for its best week in seven. They are going to watch those greece headlines closely over the weekend. And the look ahead onto next weeks fed meeting. Then the real game is on. Lets send it out to dominic chou. A lot of red there. One stock in it green is shutterfly after the online Photo Company had to activist investors elected to its board of directors. Marathon partners here got two out of the three board seats it sought. Those shares of up in reaction to that. The company did say that it will work cooperatively with new Board Members to ensure the Strategic Vision for growth for captain as well as shareholder value takes hold Going Forward. Back over to you. Lets look at some of the other big movers today. We begin with shopify. Facebook saying it is launching a buy beta program with shopify. Up 7. 5 on the session. The stock skyrocketed 27 this week. Leapfrog plunging after the Educational Toy Company posting disappointing quarterly loss. Down 25 today. Williamssonoma rising after upgraded to outperform. Citing the improving housing back drop. Those shares got up 1. 5 . Eli lilly taking a hit, down 3 today. Up more than 7 this week. Investors making bets ahead of the new dates on the experimental alzheimers drug. Meg terrell here to explain. Eli lilly has gotten this alzheimers drug that works on the underlying cause of the disease. Some people think there may be an initial data release ahead of a big alzheimers conference in july. That was expected today or monday. There is lack of clarity whether it will come out and how widely disseminated that information will be. The conference is saying it may be only available to people registered for the conference. There are questions about that. This data people are very excited about it. Like with biogens drug that drove the stock up quite a bit. None of these drugs have shown improvement on cognition till now. Getting into the drugs that focus on the underlying problems. Eli lilly is a major company. Should the Playing Field be more level when it comes to these releases that have a huge impact on these shares . There are a lot of questions around these medical conferences because they have such a big effect on stocks. There are a lot of questions that keep it close to the vest. As they start to realize how close it is to the investment community, maybe that will start to change. Talking about a oneweek performance which has been great. This is a stock that has had a great go of it versus its competitors over yeartodate one year three years. Its blown everybody out of the water. Pfizer merck and others why . It was depressed for a while. It went through a tough patent clip. They were fashion tough business experiences. Now their pipeline looks really great. Theyve got big shots on goal with this alzheimers drug and a cholesterol drug people are excited about. These are high risk high reward type things they are going after here. If it works out, its fabulous. However, with the runup weve seen they are saying it is overheated. You are seeing the big guys trade like these are new biotech guys. It shows what is going on with health care. Yesterday we saw that axovent ipo. This is a 3 billion company they bought the drug for 5 million from glaxosmithkline. A big move. We hope this will mean more treatments for alzheimers. Yes. Thanks meg terrell. Eli lilly one of three stocks dominic chou thinks you need to keep an eye on next week. Hell share his list next hour. 40 minutes to go before the bell rings. Dow still in negative territory. Not the lowest levels. Dow off 144. S p is negative today, as well along with the nasdaq. Up next wing stop. Whats behind wall streets heated romance with restaurant ipos. Well get into that with the ceo of bojangles. Just went public last month and reported earnings yesterday after the bell. Here at td ameritrade, theyre always working. Yup, were constantly making thinkorswim better. Like a custom screener on your desktop, that updates to all your devices. And you can share it with one click. Wow. How do you find the time to do all this . Easy. We combined every birthday and holiday into one celebration. different holidays being shouted back to work, guys i love this times of year. For all the confidence you need. Td ameritrade. You got this. The pursuit of healthier. It begins from the second were born. After all, healthier doesnt happen all by itself. It needs to be earned. Every day. Using wellness to keep away illness. And believing that a single life can be made better by millions of others. Healthier takes somebody who can power modern health care. By connecting every single part of it. For as the world keeps on searching for healthier. Were here to make healthier happen. Optum. Healthier is here. Twitter ceo jim costolo is stepping down. With the new Services Like fabric doing so well and periscope, it was the right time. This cop has been surrounded by whether there would be a potential takeover. We have a fiduciary duty to maximize value. I feel confident together we can move as one entity. Welcome back. A lot of red on the screen today. The worst performer is merck. Unitedhealth joining there also. Declines of more than 1. 5 . Nike nearly positive on the session. Boeing trying to fight into the green. Boeing on the higher side of the board. S p down 15 points. Nasdaq giving up 28. How about this just crossing on twitter. If the s p finishes the week up or down 1 it will be longest streak of sub 1 weekly moves since 1993. You are not imagining it. Love the fun facts. Wingstop is rocking wall street on its first day of trade. Surging from its 19 Share Offering price. Bob pisani with more. Its incredible. Wingstop up almost 60 on the day. We often see this happen with restaurant ipos. This is where shake shack was. This is another big mover in the last year. Its down today. Zoes kitchen is another one. That is a big mover up huge in the last few weeks since its Earnings Report came out. These restaurant ipos had big moves. Take a look at this full screen. Shake shack up over 200 . Even the other ones papa murphys bojangles also up 31 . Next week there will be another one, a brazilian steakhouse looking to go public. These restaurant ipos have been so successful everybody is trying to get into the door. One thing i would say is like wingstop, most of the biggest gains in these restaurant ipos have come on the first day. If you are interested in getting in, the best point of entry is right there the first day and right at the open. Back to you. Thank you. One of those restaurant ipos recently bojangles. Stock falling today, reporting earnings. Beat wall street expectations on top and bottom line. Full year revenue outlook did fall. Joining us is the ceo. Welcome to the program. Thank you for having me. How did it feel your First Quarter as a publically traded company . Its been great. Watching the stock can drive you nuts, no doubt about it. We are proud to be a Public Company. We are very proud of our brand. The stocks done well since we opened. Again, our food is what its all about. We love being on the market right now. We look forward to the future. We see you increase samestore sales about 8 . How much of that was traffic versus price . It was a combination of everything. Around 4 if you look at it from a traffic standpoint where we were at. It was a great quarter. There is not one thing i can hang my hat on and say thats what drove it. Our tried and True Products and our service and our bo fanatic fans. We appreciate what they do for us. No guidance for second quarter, why not . We are comfortable. We made the decision we are not going to give quarter to quarter guidance as we go forward. We are well within range of what we told the analysts when we started this. We have to do this again in about 60 days as far as our next earnings release. Its something we decided as a company we are not going to give quarter to quarter results. I wonder how you think