Come prices falling a Third Straight month, new home sales falling to a five month. Adam what will jumpstart the Housing Market . Tweet us that Cheryl Casone or a j chaps. Cheryl after months of speculation, box announcing plans to file its initial public offering. The latest hot tech company to jump into the public for a. Joline kent joins us with details on what we can expect. Box aiming to raise 250 million. If you have a question for investors why go public right now with so much venturecapital out there . The filing just needs money. Box was recently valued at 2 billion but only has 100 in Million Dollars of cash and equivalents on hand, if you do the math, box has less than a year of byrne left. Year end january, posted a net loss of 168 million versus revenue of 124 million anthony s. 1 filing. And not profits in the foreseeable future, but aaron levy is bullish about what lies ahead. The 29yearold is counting on revenue to grow and in its filing, research from idc saying Digital Information is expected to the 300 fold. And higher demand for the storage and contents. And by the fortune 500, they are paying customers. Oracles president mark hurd wade into the box idea telling Maria Bartiroma this. I do think it is the investor trying to prognosticate. The future of the Technology Industries headed and trying to make that based on those prognostications. Google drive, amazon web services, microsoft, down 2. 8 , the ipo is being led by Morgan Stanley, jpmorgan, those guys are pretty busy with ali baba as well. Adam the box idea may be coming soon but one of the most anticipated ideas is pricing tonight. Can be crushed maker digital King Management is set to hit the Stock Exchange tomorrow between 21 and 24 a share. Chris nagy is the ceo of choral group that he says king needs to prove to investors it can last and wind up being another zynga. How are they going to avoid becoming another zynga . I they outpacing zynga given the revenue for this year . That is right, adam. So vote real issue is in the case of king digital, it really only got one game that is out there and unlike zynga which gained is on facebook, they put their games on a lot of mobile applications so they are counting on that for the revenue stream. And the ipo, quite a bit of a discount compared to where zynga is trading at. From all standpoints it looks to be a pretty good deal. Cheryl they are coming in 224 a share. That is the range, 22 million shares they are offering. This puts market value at 7 billion on king but the big concern is out there, in general they got one game and although there are new games in the works for them many on the street i very skeptical if they can deliver past the idea. 7 70 of their sales are dependent on the candy crush saw that game but what is interesting about that is the game appeals to win in inert 20s. The games played over a billion times a day. Comparing that to the Broader Market we have 60 with king can be crushed game versus 45 of other applications. And some interest in the stock, appealing to a different demographic overall, took to differentiate. Adam you sent to us some of the best performing ipos this year and as you look at the chart, the majority of them are health care, nothing to do with gaming or apps. Should we be waiting for the next health care idea to get in on this action . That is a great point. When you look at the sector overall, we have 53 to 60 ipos this year, total return on those is up 31 . The ipo market is predominantly driven by health care. This week alone we have nine coming and five of those in tech. Next week as well we have got i am f coming which is another tech name. The tech ideas are starting to pick up steam rolling along into the Second Quarter of the year. Cheryl if there was one idea that was most anticipated for 2014 this is it and the u. S. Just winning that listing in hong kong for example do using that will be more of a try . A lot of Chinese Companies see the list on the nasdaq but do you see more for an ipos coming into the new u. S. Market because we were perceived as being more publicly traded and other countries . I agree with you absolutely pave the way for Chinese Companies wanting to come to the u. S. Retailers from j. D. Com and rego which is a twitter like application, to list in the u. S. Clearly ali baba is a win for the u. S. Market but is it a good win for investors and a good investment . That remains to be seen. Was a couple months before ali baba ultimate becomes to the marketplace. Adam thanks for giving us perspective on the ipos. Cheryl sandra smith is watching google, announcing a new partnership with where rebel tech google glass. Sandra with this eyeglass maker, this is a stylish Company Google is opening, and sunglasses, and googles internet connected glasses a little more cool and stylish than you and i go. It is based out of italy, but designed to develop the connected glassware which so far is only available as an expensive prototype in the u. S. Google glass is of interest to a lot of people, it would record a video, email, search the web and stylish glasses to potential millions of customers. Google had jumped earlier and came off as a lot of shareholders are analyzing what the deal means, a 4 on word of this deal. Wall street analysts are big fan of this move with one saying, quote, the challenge of convincing consumers to wear consumers on their face is a fashion problem. A technology problem. We see things play out with the stock but the special glasses can be bought by u. S. President s, according to googles web site so still very expensive but the reason it is a Wide Consumer market would have to be put on sale for a much lower price, and cheryl and adam making it more and incentive for folks to buy them and be a little cooler. Just letting it out. This sunglasses are probably made by this company, and i wear sold, they have a hold on the market. Cheryl that is a great point. Thank you so much. Adam you could make it pinto look stylish. President obama discussing a new plan of ending the bulk election of american telephone and that data. The plan will require phone companies to hold on to those records for 18 months. Overall i am confident allows us to do what is necessary when it comes to the dangers of a terrorist attack in a way that addresses the concerns people had raised. Adam this as leaders adapt a similar bipartisan bill also aimed at ending nsas mass gathering of data. Cheryl google glass headed to dr. s office near the. The ceo will be joining us on plans to help doctors count down on paperwork to spend more time with their patients. Adam in Vladimir Putin where hurts, taking the hearings on natural gas exports to weaken russias handing ukraine. Cheryl another key departure at jpmorgan. Charlie gasparino will join us on the latest domino to fall. For ceo jamie dimon. [ male announcer ] how could a luminous protein in jellyfish, impact Life Expectancy in the u. S. , real estate in hong kong, and the optics industry in germany . At t. Rowe price, we understand the connections of a complex, global ecomy. Its just one reon over 75 of our mutual funds beat their 10year lipper average. T. Rowe price. Invest with confidence. Request a prospectus or summary prospectus with investment information, risks, fees and eenses to read and consider carefully before investing. Wiido more with less withon, riskbuss energy. Hp is help. Soon, the worlds most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. Multiply that across over a thousand locations, and theyll provide the same benefit to the environment as over 60,000 trees. Thats a trend we can all get behind. Adam jamie dimons in research and is getting smaller and smaller. Michael cavanagh, coceo of the investmentbanking unit and a rumored era parent to jamie dimon, colleagues in the industrys leading the financial giant to drilling carlyle group, Charlie Gasparino has more on the exclusive details. At jpmorgan and what is happening, the major private equity funds, and power broker and washington and new york, what this says is very able executive is the former cfo, of jpmorgan. If he was the era apparent that their apparent did not happen for many years. Jamie dimon, jamie thinks he echoes the worst of the problems, and stock reached a new high today. And jamie dimon is going nowhere soon, nominally number 2, the c o 0 of max aims, nothing written in stone, these guys are young, switching around the deck chairs for a while, that is my phone, i am sorry, and if this is a negative here it is down a little bit. It is clearly jamie dimon is losing people that were around him for a long time. It made him a very effective ceo. That is the negative. It is clear that cavanaugh is the heir apparent, and a founder of carlisle, the longtime ceo, newly created position. The copresident , newly created. He has been trying to woo a top wall street executive to the firm nominally as his heir apparent. He asked greg fleming, Wealth Management she, and longtime wall street executive, the interim ceo of Merrill Lynch before the transition to banc of america during the financial crisis, the most stable wall street executives round, with with john payne, a former ceo at the time. This is a big guy, a smart guy, he wafted fleming and what he got was cavanaugh, not exactly a step down, cavanaugh is an able guy as well. This says a lot. I think this is an interesting story that says a lot about jpmorgan and carlyle. Clearly it says 3 jpmorgan there is no succession going on. Jamie dimon will be there for a while. Obviously he will have a succession plan. Every company does in case something happens to him but this is singling the concession plan at carlisle. Carlisle is private equity. We should point out it is clear that cavanaugh is not in their running. It is not the guy, clearly in the running and it is clear that David Rubin Steen who wanted a wall street guy went for greg lemon and it is Mike Cavanaugh. Adam jpmorgan chase, jamie dimon stays in place, shareholder perspective. You play that both ways. Adam would they be forced to break the bank apart . Would you need people like cavanagh there . I dont think he will do that. One question you have to ask all these guys, this gives james gorman over at Morgan Stanley of very strong hand. He has three pretty good executives under him, fleming as i just mentioned, his head of Wealth Management, the Investment Bank and the cfo at this point, those are is very, very strong executives, not strong executives. Jamie is losing that. I dont think this is a good sign. You lose that if you think the guy at the top will be there forever or if there is somewhere else to go. He has somewhere to go because rubin steen wanted a number 2 and tried for greg and couldnt get him and he is getting Mike Cavanaugh, greg fleming is much more experienced Investment Banker but Mike Cavanaugh is a solid guy. Cheryl yours is kicked out. The kitty roof. Adam he breaks the news on twitter, we have been getting responses. Adam that was the name and Morgan Stanley. Adam we asked folks what it would take to keep this housing recovery as the market picked up. I got a response from philip rich edson who says jobs, full time job employment, thank you for responding. Do corporations have a right to religious freedom . That is the battle playing out at the supreme court. We will take you there live, Kathleen Sebelius vs hobby lobby. Seasonal softness isnt the bottom. Our next guest on why he says it is the unconventional housing recovery that is troubling him. Adam tweet us that Cheryl Casone, what you think would jumpstart housing. Cheryl home prices and new home sales dipping, Winter Weather and higher Mortgage Rates continuing to drag on the sector. Tim route is joining me. We should let you know our twitter question of the day is the following. You have two more lackluster housing reports. What is it going to take for housing to pick up at this point like it did last year . Your guest or the person writing in mail that. Jobs a lot of problems in this country and we are apathetic job market. The macroeconomics of housing a pretty simple. You have economic growth, people get jobs, make more money, create households and they buy homes. The situation were in now, a pathetic job market artificially low Interest Rates, inventory that is suppressed by the fact that so many people are under water on their mortgages you have aggressive investors and no new home supplies. Cheryl the other side of this is case schiller today, different stories happening in different cities but the fact is in some cities prices are jumping much quicker than those buyers can catch up with and that is pricing a lot of people out of the market. That is not even the job story, just people cant get into these homes fast enough. A great point. Housing is local. There is no national Housing Market but that appreciation in hot markets is exacerbated by the fact from an affordability standpoint anyone thinking about moving up has seen Property Values go up 25 over the last two years but that extra juice from Interest Rate rise equate to another premium of 12. 5 which makes too many people think they missed the window or cant rationalize. Cheryl not just that but what we have seen through the housing crisis is many Pension Funds and endowments and cash investors were buying these properties but now when they sell them on the market the problem is the buyers are not there because the Interest Rates and job situation, what does that class of people do . Does this mean we will see prices start to fall in 2014 because of this pressure between the Investment Community and the home buying public . One of those unanswered questions. What we going to do . The investors, we have never seen investor our participation in the Housing Market like we have seen. Is not clear what their patience is going to be. Cheryl this is historic. Another level of unprecedented us in this economy. Everyone is waiting with bated breath to find out if these have the patientthe tolerance to wade out the housing boom the, the rise and whether they will stick in for the long term. I got a lot of evidence that they are going to hang in for a while. 4 or 5 appreciation which is will we are looking at the next couple years is pretty attractive on a leveraged return basis. Cheryl Many Americans are looking to buy homes. They should be doing it now we are not getting the data points we should be. Thank you for coming in. Good to see you. Adam we ask and you have been answering what would jumps out Housing Market . Frank stephens says a rebirth in true entrepreneurship and personal responsibility will build our economy. Gillick rich says that was phillip richards. He says jobs. And held the job market would help the realestate recovery and i just got one in, legalizing marijuana which is what they are talking about doing in new jersey introduce legislation to do that. They keep coming for General Motors. We are learning the automaker misled families regarding the dangerous ignition switch according to a result by the New York Times. The defect was in 2009 confirmed at a meeting of gm engineers. Nicole petallides on the floor of the Stock Exchange looking at the impact on gms stock. Nicole tough time for General Motors and everybody talks about the losses being a real over hang for General Motors and the New York Times is reporting there were grieving families, General Motors actually ignored the flaws they had seen, and it occurred because of the flaws were before 2009 and the New York Times investigating what was after 2009 and finding some of them may have in fact been tied and related to the faulty ignition problems we have seen. In the meantime senator Richard Blumenthal wanting to establish compensation for consumers affected by this and pressure on gm to pull those 1. 6 million vehicles off the road that had been recalled. Adam silicon valleys trailing San Francisco. 20102013, a 50 growth in technology jobs, down south the growth was 14 . The Ripple Effect can be felt in San Franciscos economy where general living costs are skyrocketing. Experts say young entrepreneurs, to venture capitalists and clients. All things the governor of california need to keep an eye on. The war chest building up as the race keeps up. Democratic incumbent jerry brown has amassed 20 million, top contributors read hastings of netflix and now after cofounder sean parker. On the opposite side for u. S. Treasury official, raising the one . 3 million since announcing his campaign in january. Vladimir putin is hot. The legalization of marijuana in washington and colorado. A new problem has emerged. Getti