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A Top Hedge Fund manager says theres a clear consensus that we are in a tech bubble. In his letter to clients, David Einhorn says companies he is betting against may fall at least 90 if and when the market applies traditional valuation. He writes certain cool kid companies and analysts are pretending that compensation paid in equity isnt an expense because it is noncash. At ts profit dropped slightly in the first quarter. Revenue was up 4 thanks to a growing wireless business. The company added 625,000 monthly subscribers, up from 296,000 from a year ago. At ts next program which allows custom...

In a tech bubble. David einhorn says companies he is betting against may fall at least 90 if and when the market applies traditional about uh and traditional valuation. Ime was are pretending intention paid in equity is an expense because it is noncash. At ts profit dropped slightly in the fourth quarter. Undermpany added six 25,000 monthly subscribers, up from 296,000 from a year ago. The next program which allows customers to pay on phones rather than having a contract. Amazon is apparently taking a sales hit. Saysrchers at ohio state household of cut their amazon spending by it by about 10 ...

Interview. Qwest good morning. I am erik schatzker. Qwest i am stephanie ruhle. A lot of news this morning. There is also breaking news in the housing market. Economistsless than expected. The negative news turns out to be a positive area lets bring in Michael Mckee in the headlines. Class i am not sure this is as positive as the spin could be. Youre right that the forecast is for one percent and home sales fell by two senate 2 10 of one percent. This is margin were supposed to see housing pickup. This is not necessarily great news. Homes unchanged. You coulds good news, say it is the supply c...

Its sunday, june 1st, im claudine wong. Im mike mibach. Rosemary with the temperatures. For the afternoon we have mostly cloudy skies, partly cloudy for the coast. At this hour it looks worse out there in areas where visibility is down to about a quartermile. Im talking areas over parts of the north bay, along the coastline this morning, patchy drizzle as well. But its not as widespread. The marine layer has shrunk some. Yesterday we woke up to a 2,000feet deep marine layer. This morning its a thousand feet. A quicker burnoff expected today. The winds on shore but light, fairfield reporting 10...

Starts now. Dagen i was trying to get your name in there. Connell hey, all right. Lets do this dagen mcshanes here. Connell yeah, thatll tease em up, get things going. Markets up, and, well, everythings good unless youre Kathleen Sebelius out on the road dagen or the driver of that ferrari that got crushed. Connell also not good. Nicole petallides joins us to start things off. Reporter and im good, im doing well here on the floor of the new york Stock Exchange. Dows up 61 points, folks, snapping the twoday losing streak weve been seeing. Dow jones industrials up 61 points sitting at 15,606. Do...