Here is jonas farris from max fund. Com and Jonathan Hoenig from capitalist pig hedge fund. Both are Fox News Contributors. Jonathan, let me start with you. Netflix Stock Plunged what, 20 the past month . Is that indicator were talking too much about people cutting the cord . Netflix i wouldnt call it a cable killer, adam. It is a entertainment revolutionizer. Apart from the stock, i can remember wasnt too long ago you had to the big pile of vhs tapes, wasting online at blockbuster to get entertainment. Netflix changed the game. Theyre a threat not only traditional movie studios, the traditional movie studios but all forms of entertainment. For the stock, it has been loved for quite some time. Im not surprised to see it give back its gains. It is not a stock i love but it is revolutionizing the entertainment field and all those who compete with it should be scared. Adam what jonathan just said would seem something they said in the 50s, that television would kill movies, it never did. Movies are making more money than ever before. Is netflix really a killer . Is there enough room on the plate for everybody . Depend what youre talking about killing. There definitely will be a change in how we consume programs. It will basically go the itunes individual strongs. You wont have to bundle to get all that stuff. In that sense it is damaging cable. I have a place where i use one of these little boxes. I dont pay for cable. A lot of money for infrequent use and get a lot of money from hulu. Adam you pay cable for internet connection. Cable the Internet Business is awesome. Until netflix coins their own Internet Service theyre not going to do like google, they need comcast in the equation. The bundled cable content, that part has got a questionable future in my opinion. The road for particularly young people on up and most valuable resource to advertise. Adam jonathan if i were investor would i not grow to netflix. Maybe we should look at less expense sieve companies producing content to deliver directly over the internet . Well a rising tide lifts all boats, adam. When it comes especially to entertainment companies, when one does well you all do well. Disney is one on my plate at capitalistpig. Com. The real beneficiary of all this, i think jonas is absolutely right the Cable Companies will need to change their game. The traditional over the air broadcasters will need to change their game. The consumer is the ultimate beneficiary for all this competition. Their experience on every level is got gotten better, tremendous Higher Quality and lower price competitors come. I wish we have competition in School Systems and post office like we have in the entertainment world right now and netflix is the best example of that. Adam jonathan and jonas, dont go anywhere, well come back to the discussion in another way. Right now target it is aiming its bullseye at amazon. The retailer announcing a expansion of u. S. Sun description service. Fox businesss jo ling kent, she has more on this. Who are they taking aim at . Adam, the secret Service First of all nearing its investigation of targets massive data breach last year. As this is happening the big red retailer rolling out a new Shopping Experience to lure customers back and take aim at amazon. Target is changing Subscription Program to allow orders online with regularly scheduled delivery all for free. Target announced it is adding 1600 new items from household products to Office Supplies to makeup and coffee. The minneapolis based retailer is trying to attract customers 5 off across the board of products plus Free Shipping and free returns, similar to amazon prime. Again this is going to be free. This move comes after it launch ad baby supplies prescription last fall according to executives they kel tell ap that has been driven by very strong demand. Target recently started online ordering ordering with a store pickup option, adam. That generates 10 of targets Online Business of the really target is late to this game as well. Sears and walmart, they have been doing it for several years. Take a quick look at targets stock, down five yeartodate after the Company Reported disappointing earnings in the aftermath of the data breach. Compare that to amazon. That is down 18 yeartodate. But amazon actually raising the price of the prime service by 20 bucks to 99 earlier this year. Overall, adam, target needs all the revenue it can get. Analysts estimate the breach cost the company of half a billion dollars. Adam a lot of people love target, sears, you buy it, drive the car, never get out, bring it out to you. That will be interesting competition in the brick and Mortar Retail space. Thanks very much, jo. Absolutely. Adam turning to the Landmark Supreme Court case that has big boys of broadcast running scared. Abc has a challenge to the streaming service, aereo yesterday. The verdict from the highest court in the United States has the potential to create major issues for network television. Joining the discussion now, deadline hollywoods legal editor dominic patton. He also joins jonas and jonathan. Dominic, let me start with you, who stands to lose the most, broadcast or aereo . Well i mean lookings if the broadcasters, lose, adam they will look potentially losing retransmission fees. If aereo loses, one of their major backers, barry diller said, they will probably go out of business. Someone is going to win and someone is really going to lose. Adam jonas, who would you back in this game . Broadcasters are prone to a little bit hyperbole, arent they . I dont think i back the diller thing i think it will fail anyway. If it is legit and allowed to essentially steal the content, well get back to that in a minute. Other people will do it too. I dont know what their future is either way. That said, they talk about put little antennas and capture and rebroadcasting i could see it going both ways, look the content providers own the content. It is theirs. They have a right, you dont own the songs you download. You think you do. Really you dont. Not only cd they can say how it is used but broadcast always since the 20s a public good. I could see the court saying once in the air and public good, if a Company Wants to get in there and collect it and rebroadcast and charge you to see your own airborne content i could see it going that way even though owner of content Adam Jonathan i will advance this 10 years. If everything is going online anyway this is already decided. Assume aereo wins, everything, it is much quicker progression to direct deliverly over the internet. Am i wrong . Well it will change the game again. I think jonas is alluding to the big issue here, adam which of it is intellectual property. What reits did for real estate i think you will see internet continue to do for intellectual property and that property has tremendous value and to the extent that the traditional over the air broadcasters are hurt by other new competitors ability to, in jonass words, i think he is right, steal that content, i think that will change the game tremendously. Adam okay. It is in the courts right now. Adam jonathan youve done something no one else can do, internet and intellectual in the same sentence. Have you been to tinder lately . Nothing intellectual about that. Thank you very much. We have to get to breaking news. Reuters is reporting that the United States state department will extend the government Comment Period on the keystone xl pipeline that means a final decision on the project would come after the november 4th midterm election. Imagine that. Timing it after the elections. Weibo making a big splash on wall street but next week may be the real test for investors appetite for ipos. Which, what to watch as we await the biggest debut of the year. Tech heavyweight alibaba. A deal on ukraine already falling apart less than 24 hours after an agreement. Prorussian separatists refuse to leave. We will take you there. And well have a live report. Of the ive always had to keep my eye on her. But i didnt always watch out for myself. With so much noise about health care, i tuned it all out. With unitedhealthcare, i get information that matters. My individual health profile, not random statistics. They even reward me for addressing my health risks. So im doing fine. But shes still gonna give me a heart attack. Innovations that work for you. Thats health in numbers. Unitedhealthcare. Adam weve got new details about High FrequencyTrading Platform virtu and its ipo. Joining me Fox News ContributorCharlie Gasparino and Jonas Max Ferris and Jonathan Hoenig. There is a lot of talk about virtu. Theyre scuttling the ipo. People close to the company say it is not off the table. They have not pulled the s1 which is the official documents but it is pulled in the near term. The way theyre describing it to me that flash boys has on the market and potential valuation bringing company to public. As you know it is High Frequency trading firm. What theyre saying it may be two weeks, it may be six months. We dont know. We should point out from initial speculation they pulled it because they got a subpoena from Eric Schneiderman whose office, new york ag is doing an investigation. What i understand they have not gotten a subpoena. They are not one of the firms that received a subpoena in this inquiry. Theyre saying it is not inquiry related but controversy and hysteria related what came out of flash boys. Adam assume flash boys had not been published, wouldnt the fact theyre coming to market, when they come to market big money is getting out and havent revenues from High Frequency trading shrinking anyway. We could have a debate later about flash boys. I think its a lousy book. I think it is make assertions from the market. Adam arent they making what they want to make . This is all hysteria following this book. Regular heattores are scared. Investors are scared. They had good meeting with investors last couple days. One problem they had they would not get the valuation that they needed. Vinnie viola, chairman and founder of virtu said he wouldnt shell shares for many years. At some point you shell shares. But for many years, this is not because he wants to cash out. This april boy was to build something. I know the guy pretty well. Good guy. We should point out they did not receive subpoena. This book, i think as thin as it really is, i think it is thin, Michael Lewis, i dont believe that when Michael Lewis says something is bad it is bad. Other people may. Securities exchange commission. Maybe preet bharara, the u. S. Attorneys office but they cant do this deal right now. Adam lets broad inch the discussion. I want to bring in jonas and jonathan to talk about the ipo market in general because weve seen a bunch of ipos this year and just this week a lot of them priced lower than what we expected. What is your take what is happening with the ipo market, jonas . The ones that are coming in sectors down 20 last few months so they have to price it down. When the ipos come out theyre apps and biotech companies. Right. Where were the biotech ipos in 05 when, before it was started outperform the s p for year after year after year. Now you have this hot move and all of sudden Everyone Wants to buy ipos in the biotech area or app area. Is there momentum gain. Probably. If you want to make investment for three years. This is like buying dotcom ipo in 99. Dont think you will hold it three to five years around make money. That is why the virtu ipo is anomaly. This is not a hightech company. This company didnt lose money for the last five years. Adam bring you in while charlie answers his phone. Real quick, weibo did pretty well. They priced low but closed 19 higher than the market. That really has been the exception. Both charlie and jonas hit the nail on the head here in this case. When a particular sector does well that bring as lot more speculators, maybe perhaps some suspect Companies Get funded. That is good for everyone. Allows innovation to move forward. To charlies point what sun fortunate. This is not question of overheated part of the market. This is government force. This is government regulation. Coming down on what are terrific companies. Adam you alluded to the fact that High Frequency companies are seeing their margins shrinking. It is very competitive business. Jonathan what is real jonathan what is really scary about this we had issues involving High Frequency trading, even worse fragmentation of markets where there is 40 markets around the world, we had issues involving that for many years. What caused regulators to do something about it right now . A book. Adam all flash boys. Completely political. Adam i have to stop right there. We have run out of time. This discussion will continue especially with gaffs parrino around you know it will continue gasparino. Charlie you have a tip you have to check on your machine. News coming out of ukraine right now. The deal with the u. S. , russia, ukraine already starting to fall apart. Leland vittert is live in donetsk ukraine. What is the latest. That this deal could bring an end to this crisis seems very wellfounded. Russian separatists in the eastern part of ukraine are doubling down on demands couple hours ago. We visited them at their headquarters which is the Regional Parliament building they took over here in central ukraine. The young men there said that they would rather die than leave that building. Leader of the prorussian separatists says that he is only going to leave if for some reason the government, in its entirety, president , prime minister, et cetera, agree to leave office. There is referendum he wants here in Eastern Ukraine about the future of this area saying that theres a possibility that either they want to become their own state or possibly even become part of russia. Back to you in new york. Adam how is ukraine responding to those who wont get out of those buildings . Will they use force . Have you heard of any force being used . Well thats really the big question here. The ukrainians are trying to walk a very tightrope. They dont want to roll over and cede this area to the prorussian separatist it is. There is a lot of coal here thats very valuable. At the same time they dont want to use force and provoke a response by the russian army who has thousands of troops along the ukrainian border. So the ukrainians right now said they are talking about constitutional reforms. Doesnt look like though right now thats enough for those separatists still in the buildings. Back to you. Adam leland, thank you very much. For more on this we turn to steve moore, chief economist at the heritage foundation. Also a Fox News Contributor. Steve, good to see you. I want to ask you as we go into the weekend, seems as if putin were going to make a move, he seems to do it when the world is attention elsewhere, this would be the weekend to do that. Will he . Boy thats a scary thought. But this story, that the russians are not with this agreement. Greatest nonstory of all time. There is old saying there is no honor among thieves. Look, when have the russians ever really stuck to any kind of treaty agreement or any kind of Peace Agreement . So this is a very tenuous situation. I think you raise a good point this weekend things could really flare up in a big, big way. I think obama to some extent brought this on ourselves by being very weak in terms of negotiating with, with putin. Adam theres a tom clancy book, not quite along these lines but i think it is red storm rising. Where you have nato confrontation with what is then the soviet union. Is there any way to avoid this . Economic sanctions, are they working, do they work . You know economic sanctions very rarely work and they havent worked in this instance. By the way we should have learned that in cuba, right . We had economic sanctions for now what, 40 years . It not led to any kind of change in behavior in the cuban government. I dont see that as working. Ive always said from day one of this, i said it on fox business news, the only way, the leverage that we have over whats happening in ukraine is to, is to continue to develop our energy resources, drill, baby, drill. Build liquid lng terminals and so on so we become alternative source of energy for the european countries. This is all about energy. Always been about energy from the very start. Adam it would take a couple years to get of course. Thats true. But lets get started. I mean i think it send a message to the russians, if we get started right now. Youre quite right, it will take a couple of years, nonetheless, this is opportunity to move forward and to tell putin, you know what . Well compete with you headtohead in western europe so theyre not dependent on you for oil and natural gas. Adam steve moore, thank you very much. Have a happy holiday. You too. Happy easter. Adam coming up innovation that wants to change mobile payments forever. 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