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CNBC Exclusive: CNBC Transcript: Billionaire Entrepreneur Mark Cuban Sits Down with CNBC's Melissa Lee Today on "Closing Bell"

WHEN: TODAY, TUESDAY, DECEMBER 9TH

WHERE: CNBC'S "CLOSING BELL"

Following is the unofficial transcript of a CNBC EXCLUSIVE interview with Billionaire Entrepreneur Mark Cuban today on CNBC's "Closing Bell." Following are links to the video of the interview on CNBC.com: http://video.cnbc.com/gallery/?video=3000337850 and http://video.cnbc.com/gallery/?video=3000337832.

All references must be sourced to CNBC.

SCOTT WAPNER: WELCOME BACK. CNBC'S MELISSA LEE IS IN LAS VEGAS LIVE TODAY AT THE MARKET COUNSEL SUMMIT MODERATING A DISCUSSION ABOUT THE SEC WITH FAMED ENTREPRENEUR MARK CUBAN AND FORMER SEC CHAIRMAN CHRISTOPHER COX. THE TWO OF COURSE WERE AT ODDS FOR YEARS FOR CHARGES LEVELED AT CUBAN AND HERE'S SOME OF THAT EXCHANGE JUST A SHORT TIME AGO.

CUBAN: THERE'S NO POINT IN S.E.C. ENFORCEMENT IF THE BIGGEST IPO IN HISTORY YOU CAN'T SAY NO TO --

LEE: WAIT, WAIT, WAIT. CAN I PUSH BACK ON YOU MARK THOUGH YOU BOUGHT INTO THIS THING.

CUBAN: OH YEAH. BECAUSE

LEE: YOU'RE SUPPORTING IT, AS WELL. YOU'RE SAYING THE EC SHOULD HAVE TURNED IT AWAY YET YOU'RE THERE AS A SHAREHOLDER GIVING YOUR MONEY TO ALIBABA.

CUBAN: I THINK THE SEC IS WORTHLESS IN THE FIRST PLACE WHEN IT COMES TO ENFORCEMENT.

LEE: OH.

CUBAN: SERIOUSLY. THAT'S MY PERSPECTIVE. I HAVE COME TO GROW AND LIKE CHRIS RIGHT AND I DIDN'T EXPECT TO HAVE THAT AND I RESPECT WHAT HE'S SAYING. BUT --

CHRISTOPHER COX: THAT'S C-O-X.

MICHELLE CARUSO-CABRERA: OUR MELISSA JOINS US NOW WITH MARK CUBAN HIMSELF. TAKE IT AWAY, MELISSA.

LEE: THANKS, GUYS. THAT CERTAINLY WAS A FIERY EXCHANGE, MARK.

CUBAN: YEAH. IT WAS FUN.

LEE: THAT CASE REALLY TURNING INTO ONE OF THE FOREMOST VOCAL CRITICS OF THE S.E.C. HOW DID YOU COME AWAY FROM THIS PANEL FEELING BECAUSE THERE WERE SOME VERY INTERESTING THING THAT WE LEARNED.

CUBAN: WELL FIRST OF ALL WHEN I CAME IN LITERALLY THE DECISION PROCESS I HAD IN MY MIND WAS WHETHER OR NOT I WAS EVEN GOING TO SHAKE CHRIS' HAND BECAUSE HE WAS THE DIRECTOR OF THE S.E.C. WHEN MY CASE STARTED BUT AS IT TURNED OUT I HAD BEEN MISINFORMED BY THE S.E.C. SHOCKING, ABOUT WHAT HIS ROLE WAS. HE HAD BEEN COMPLETELY RECUSED AND THERE WAS A CHINESE WALL. SO THAT WAS A GOOD THING AND THAT -- SO THAT WAS PART ONE. PART TWO IS I LOVE HIS CANDOR AND I LOVE THE FACT THAT HE WAS HONEST, I LEARNED A LOT ABOUT THE S.E.C. I LEARNED ABOUT THE ROLE THE DIRECTOR OF ENFORCEMENT WHICH SCARED THE HELL OUT OF ME. OVERALL, YOU KNOW, I THOUGHT IT WAS A GREAT SESSION.

LEE: AND HE ACTUALLY SAID THE DIRECTOR OF ENFORCEMENT HAS ALL THE POWER WHEN IT COMES FROM BEING THE ARRESTING OFFICER ALL THE WAY UP THROUGH BEING THE EXECUTIONER AND THAT WAS --

CUBAN: THAT WAS CRAZY.

LEE: THAT WAS REALLY INTERESTING AS WELL.

CUBAN: EXPLAIN THIS TO PEOPLE, AS WELL BECAUSE HE SAID THE COMMISSIONERS AND COMMISSIONER IN CHARGE REALLY DON'T SEE THE ENFORCEMENT CASES. THEY JUST GET A SUMMARY AND THAT ALL THE POWER, 100% OF THE DISCRETIONARY POWER TO BRING CASES AND HOW THEY'RE HANDLED IS IN THE HANDS OF THE DIRECTOR OF ENFORCEMENT. THAT SCARES THE HELL OUT OF ME. THAT IS HORRIBLE. THAT IS UNAMERICAN. I MEAN THAT'S GOT TO CHANGE BECAUSE YOU HAVE ALL THIS POWER IN THE HANDS OF ONE PERSON. THAT'S JUST NOT RIGHT.

LEE: AND YOU'RE SAYING THE ONLY SOLUTION IS TO BURN THE PLACE DOWN BASICALLY. THOSE ARE YOUR WORDS.

CUBAN: THOSE ARE MY WORDS BURN IT DOWN. NOT LITERALLY RIGHT I DON'T WANT ANYBODY BRINGING HARM.

LEE: OF COURSE. BUT START FROM SCRATCH

CUBAN: START FROM SCRATCH. BECAUSE WHEN YOU HAVE AN ORGANIZATION THAT'S CULTURE IS SO UPSIDE DOWN, SO MISPLACED, THERE'S SUCH AN EMPHASIS ON ATTORNEYS AND WORKING AND THINKING LIKE ATTORNEYS THAT YOU'RE NOT GOING TO ACCOMPLISH YOUR GOALS AND ALL YOU HAVE TO DO IS LOOK AT THE STATED GOALS THAT THE SEC, CAPITAL FORMATION, TRUST AND YOU CAN SEE THAT THEY'RE FAILING MISERABLY AT THEIR STATED GOALS.

LEE: I WANT TO ASK YOU THOUGH ABOUT ALIBABA, THE EXCHANGE WE PLAYED AND YOU ESSENTIALLY SAID THAT AT ANY MOMENT IN TIME, A MEMBER OF THE PEOPLES REPUBLIC PARTY CAN CALL UP JACK MA AND SAY, YOU KNOW WHAT GIVE ME SOME INFORMATION. THERE COULD BE INSIDER TRADING FOR WHICH THE U.S. GOVERNMENT, THE AGENCIES, DO NOT HAVE ANY RECOURSE. THEY DON'T HAVE ANY AUTHORITY.

CUBAN: RIGHT. I'M A SHAREHOLDER IN ALIBABA. THAT SHOWS YOU HOW MUCH --

LEE: AREN'T YOU BEING HYPOCRITICAL?

CUBAN: NO. I DON'T SEE IT MATTERING. THE MARKET IS THE MARKET AT THIS POINT AND I DON'T EXPECT THE S.E.C. TO DO A WHOLE LOT OF ANY CONSEQUENCE WHEN IT COMES TO INSIDER TRADING IN THE FIRST PLACE. MY POINT WAS THAT THE LARGEST IPO IN THE HISTORY OF THE STOCK MARKET IS A CHINESE COMPANY AND IT'S A COMMUNIST COUNTRY. SO BY DEFINITION, YOU KNOW, IF SOMEONE CALLS UP SOMEONE AT ALIBABA AND SAYS, OKAY, YOU KNOW, I'M THIS BIG WIG AND, OH BY THE WAY, YOU CAN TELL ME WHAT'S GOING ON IN ALIBABA OR LET ME TELL YOU ABOUT THE NEW GULAG WE JUST BUILT IN SOUTHERN CHINA. THERE'S NO CHOICE WHAT ARE THEY GOING TO SAY NO I AM VIOLATING INSIDER TRADING LAW IN THE U.S. THEY'RE NOT GOING TO.

LEE: BUT SHOULD THE S.E.C. HAVE TURNED ALIBABA AWAY?

CUBAN: YES.

LEE: THEY SHOULD HAVE. ALIBABA SHOULD NOT HAVE BEEN ABLE TO LIST IN THE U.S.?

CUBAN: NO. IF YOU'RE HOST -- AT LEAST THE CHINESE OPERATIONS, RIGHT? IF YOU'RE -- JUST MY OPINION. IF YOU'RE HOSTED AND BASED IN A COMMUNIST COUNTRY WHERE THE ONLY RULE OF LAW IS WHAT THE COMMUNIST PARTY SAYS IT IS, HOW CAN YOU ENFORCE ANY TYPE OF LAW AT ALL?

LEE: SO BASICALLY YOU'RE SAYING THAT THE U.S. SHOULD CLOSE ITS BORDERS, THE CAPITAL MARKET SHOULD CLOSE ITS BORDERS WHEN IT COMES TO SO MANY OF THESE OTHER COMPANIES THAT WANT TO COME HERE TO LIST?

CUBAN: LOOK. IF -- ALIBABA HAS SPECIAL EXCEPTION. I FORGET WHAT IT'S CALLED FOR THEM EVEN TO GO PUBLIC BUT THE REALITY IS YES. RIGHT? I'M NOT GOING TO SIT HERE AND SAY I'VE DONE RESEARCH. THIS IS THE TOPIC THAT JUST CAME UP IN THE SESSION. RIGHT? AT THE SAME TIME ON A COMMON SENSE BASIS, HOW CAN YOU ENFORCE ANY TYPE OF INSIDER TRADING LAWS IN A COMMUNIST COUNTRY? PUT THAT IN THIS BUCKET. OR YOU CAN ASK THE QUESTION, ARE OUR INSIDER TRADING LAWS COMPLETELY BACK ASS HALF WARDS AND THAT'S THE PROBLEM AND THERE'S NOT A PROBLEM WITH HAVING A COMPANY IN A COMMUNIST COUNTRY COME IN BUT YOU JUST HAVE TO REALIZE THAT OUR INSIDER TRADING LAWS ARE GOING TO BE INEFFECTIVE AND APPLY THEM THE SAME WAY TO THE UNITED STATES COMPANIES.

LEE: RIGHT. SO EVEN THOUGH YOU'RE ALLEGING THAT THE S.E.C. SHOULD HAVE DONE X, Y AND Z, YOU ARE INVESTING AS IF THE S.E.C. DOESN'T EXIST? IS THAT FAIR?

CUBAN: YES. WITH A CAVEAT.

LEE: OKAY.

CUBAN: CAVEAT IS I TAKE 3% OR 4% OF MY PORTFOLIO AND INVEST IT IN HEDGES. MY PERSPECTIVE IS THAT ALL OF THESE THINGS THAT HAVE NEGATIVELY IMPACTED THE MARKET IN A DRAMATIC SENSE AREN'T ONE OFFS. THEY WILL HAPPEN AGAIN. NOT A QUESTION OF IF. IT'S A QUESTION OF WHEN. I WANT TO BE PROTECTED WHEN THEY HAPPEN AND I WANT TO BE ABLE TO INVEST WHEN THEY HAPPEN SO I MADE A BIG INVESTMENT OCTOBER 15th, YOU KNOW, WHEN -- IN 2008 WHEN EVERYTHING WAS GOING TO HELL, I DOVE IN AND MADE MY BIGGEST INVESTMENTS WHEN, YOU KNOW, I DID INVEST A LOT IN CURRENCIES WHEN THE YEN HIT 85. I TOOK ALL MY DEBT AND CONVERTED IT OVER AND I'M A BIG BELIEVER IN WARREN BUFFETT'S APPROACH. WHEN THE "S" HITS THE FAN THAT'S WHEN YOU DIVE IN. I ALSO KNOW THERE'S NO CHANCE THAT THE S.E.C. IS GOING TO STOP THE NEXT THING FROM HAPPENING.

LEE: ALL RIGHT. SPEAKING OF GOING IN WHEN THINGS ARE CHEAP OR WHEN THERE SEEMS TO BE OPPORTUNITY, OIL. ARE YOU INTERESTED? YOU'RE FROM TEXAS?

CUBAN: I'M FROM TEXAS.

LEE: OIL, OIL STOCKS? DO YOU SEE OPPORTUNITY THERE?

CUBAN: I'M STILL STARTING TO DO MY WORK IN TERMS OF MPLs BECAUSE I DON'T THINK THE FLOW OF OIL WILL REDUCE AND IN TERMS OF PIPE LINES AND THE LIKE. I THINK THEY'RE BEING IMPACTED MORE THAN THE BASED OFF OF PRICE WHEN THEY SHOULDN'T DO SO I'M STARTING TO DO SOME WORK THERE WITH MY ADVISERS.

LEE: YOU'RE LOOKING?

CUBAN: I'M LOOKING. IN TERMS OF PRICE OF OIL, LOOK I THINK OIL HAS BECOME AN TECHNOLOGICALLY DRIVEN ENVIRONMENT RIGHT NOW AND WE'RE JUST STARTING TO SEE THE IMPACTS NOW.

LEE: I WANT TO GO BACK TO THE ANCHOR DESK AT THE STOCK EXCHANGE. MICHELLE, SCOTT GOT A QUESTION?

WAPNER: YEAH. MARK, IT'S GOOD TO TALK TO YOU. TWO THINGS, NUMBER ONE, IF YOU WERE SO AGAINST ALIBABA GOING PUBLIC HERE, WHY DIDN'T YOU JUST MAKE A STATEMENT WITH YOUR FEET AND WALK? WHY DID YOU INVEST IN THE COMPANY? AND IF PEOPLE, YOU KNOW, WATCH THAT AND SAY, WAIT A MINUTE CUBAN'S A HYPOCRITE SAYING, NO, THEY SHOULDN'T HAVE BEEN ABLE TO LIST HERE AND BOUGHT THE STOCK. IS THAT A FAIR --

CUBAN: ABSOOLUTELY I'M A HYPOCRITE. BECAUSE I THINK THE S.E.C. DOESN'T MATTER. RIGHT? I THINK THEY DO THEIR BEST BUT THEY ARE SO BACK ASS HALFWARDS IN THEIR APPROACH TO ENFORCEMENT THAT THEY AREN'T GOING TO STOP THE NEXT THING AND I REALLY DON'T EVEN GIVE THEM MUCH IN THE WAY OF CONSIDERATION AND SO MY PREFERENCE IS THEY SHOULDN'T BE ALLOWED BASED OFF OF WHAT I KNOW TODAY AND BUT IF THEY ARE IN IT'S ONE MORE STOCK TO TRADE OR INVEST IN DEPENDING ON YOUR PERSPECTIVE.

WAPNER: DO YOU STILL OWN SHARES OF NETFLIX AND DO YOU HAVE THE SAME LEVEL OF CONVICTION TODAY THAT YOU DID MORE THAN A MONTH AGO WHEN WE FIRST LEARNED THAT YOU BOUGHT THE STOCK?

CUBAN: YES.

LEE: LET'S BE CLEAR. SINCE THAT INVESTMENT, THE STOCK IS DOWN SOMETHING LIKE 9%.

CUBAN: YEAH. OKAY. I'M GOING TO -- THE WAY I LOOK AT THINGS, THERE'S THE WORD CALLED INVESTOR. RIGHT? INVESTORS ACTUALLY BUY AND HOLD STOCK EVEN THROUGH UPS AND DOWNS. I KNOW WE FORGOT WHAT THE TERM MEANS IN THIS MARKET. I KNOW PEOPLE LIKE TO TALK ABOUT TRADING IN AND OUT. 9% ONE WAY OR THE OTHER DOESN'T MAKE OR BREAK OR CHANGE A THESIS. I STILL THINK NETFLIX WILL GROW, I STILL THINK THEY'RE DISRUPTIVE. I LIKE TO OWN DISRUPTIVE COMPANIES SO IT COULD GO DOWN ANOTHER 10%. I'LL BUY IF IT GOES DOWN 30%, I'LL BUY MORE. I DON'T WORRY ABOUT THE FLUCTUATIONS BECAUSE THE THESIS HASN'T CHANGED.

LEE: WHAT ARE YOU BUYING?

CUBAN: NOTHING.

LEE: NOTHING

CARUSO-CABRERA: HEY, MARK.

CUBAN: HI, MICHELLE.

CARUSO-CABRERA: HEY, FULL DISCLOSURE TO OUR VIEWERS IN MY BOOK I HAVE AN ENTIRE CHAPTER ABOUT WHY THE S.E.C. SHOULD NOT EXIST IN PARTICULAR BECAUSE EVERY TIME THEY FAIL THEY JUST SAY --

CUBAN: I KNEW I LIKED YOU.

CARUSO-CABRERA: THEY ONLY WISHED THEY HAD MORE MONEY AND STAFF AND THEN THEY COULD HAVE STOPPED MADOFF.

CUBAN: IT IS EVEN WORSE THAN THAT.

CARUSO-CABRERA: I AGREE. I AGREE. YOU KNOW I'M RIGHT. MORE PROSPERITY, LESS GOVERNMENT IF YOU WANT TO GO AMAZON. CAN I CHANGE SUBJECT FOR A SECOND, YOU ARE SO DEEPLY INVOLVED IN TECHNOLOGY. WE HAD ELON MUSK ON SAYING HE FEARS THE RISE OF THE MACHINES, THE MERGING OF ROBOTICS AND HUMANS AND STEPHEN HAWKINGS HAS ALSO TALKED ABOUT THIS RECENTLY. ARE YOU WORRIED ABOUT ARTIFICIAL INTELLIGENCE AND WHAT IT CAN DO TO HUMANITY LIKE THESE TWO GENTLEMEN APPEAR TO BE?

CUBAN: IN THE NEXT FIVE, TEN, 20 YEARS, NO. BEYOND THAT, I DON'T KNOW. YOU KNOW? I DON'T FEAR IT RIGHT NOW. BUT THERE'S ALWAYS THAT POSSIBILITY. YOU KNOW? AS PROCESSOR AND CPUs GET MORE POWERFUL AND LOGIC CAN BE EMBEDDED IN PLACES WE DON'T EXPECT IT, THERE'S ALWAYS A CHANCE THAT I ROBOT COULD HAPPEN BUT I DON'T THINK IT'S GOING TO BE IN THE REALISTICALLY IN THE NEXT TEN, 15, 20 YEARS.

LEE: YOU ARE A TECH GUY. YOU HAVE AN APP CYBER DUST. WHICH WAS SORT OF BORN OUT OF THIS WHOLE S.E.C. BRUSH-UP. ESSENTIALLY FOR VIEWERS OUT THERE NOT FAMILIAR, THE MESSAGE GOES AWAY IN 24 SECONDS --

CUBAN: ITS AN APP CALLED CYBER DUST. 30 SECONDS AFTER YOU'VE READ IT, THE MESSAGE DISAPPEARS AND NEVER TOUCHES A HARD DRIVE IN OUR SERVERS OR ON YOUR DEVICE SO IT CAN'T BE RECAPTURED.

LEE: SNAP CHAT WHICH IS SORT OF THE SAME THING EXCEPT FOR PHOTOS, THEY JUST HIRED A BANKER OF CREDIT SWISS. IT LOOKS LIKE THEY'RE LOOK PREPARING FOR AN IPO.

CUBAN: THAT'S GREAT.

LEE: WHAT DOES THAT MEAN IF ANYTHING FOR CYBER DUST? ARE YOU LOOKING AT THAT COMPANY IN TERMS OF VALUATION FOR YOUR OWN?

CUBAN: NO. BECAUSE WE ARE IN TWO DIFFERENT MARKETS WE MIGHT HAVE STARTED OFF IN THE SAME PLACE BUT SNAP CHAT HAS REALLY BECOME CRAYONS ON PICTURES FOR KIDS AND THAT'S A GREAT MARKET AND WHEN I LOOK AT WHAT THEY'RE DOING, THEY'RE TRYING TO TAKE ON FACEBOOK. THEY REALLY WANT TO TAKE ON FACEBOOK IN TERMS OF A WAY FOR KIDS TO COMMUNICATE WITH THEIR PEERS. WHETHER OR NOT THEY'LL BE ABLE TO DO IT IS A WHOLE OTHER QUESTION THE GUY WHO RUNS IT IS A SMART GUY AND IN TERMS OF CYBER DUST, WE'RE ACTUALLY FOR REAL COMMUNICATIONS IT'S A PRIVACY BASED COMMUNICATIONS PLATFORM THAT'S COMPLETELY DIFFERENT FROM SNAP CHAT.

LEE: GOING PUBLIC?

CUBAN: NO, NO, NO.

LEE: UP FOR SALE?

CUBAN: NOT FOR SALE. NO NOTHER WE JUST KEEP ON GROWING.

LEE: YAHOO MARISA MAYER CALLS YOU UP TO SAY HEY I'M INTERESTED, MARK? NOT TAKING THE CALL?

CUBAN: NO BECAUSE TO ME THE VALUE OF PRIVACY IS WORTH MORE THAN THE MONEY BECAUSE YOU KNOW IN A SCENARIO -- THE REASON I CREATED IT, THE S.E.C. CAME IN. THOSE OF US THROUGH DEPOSITIONS, WHATEVER YOU SAY IS TAKEN OUT OF CONTEXT. WITH CYBER DUST, THERE'S NOTHING THAT'S DISCOVERABLE. WHEN IT'S GONE, IT'S GONE LIKE A FACE TO FACE CONVERSATION. THAT IS WORTH MORE TO ME AS A BUSINESS PERSON THAN -- I WON'T SAY ANY AMOUNT OF MONEY BUT IN THE FORESEEABLE FUTURE.

CARUSO-CABRERA: MARK?

CUBAN: YES?

CARUSO-CABRERA: I DON'T KNOW IF YOU HAVE TALKED ABOUT THE SITUATION WITH THE NFL SHOULD GOODELL HAVE A JOB?

CUBAN: I'M SORRY. I DIDN'T HEAR WHAT YOU SAID.

CARUSO-CABRERA: SHOULD ROGER GOODELL HAVE HIS JOB STILL?

CUBAN: YEAH. LOOK, I'M A ROGER GOODELL FAN BELIEVE IT OR NOT. REMEMBER THE COMMISIONER JUST WORKS FOR THE OWNERS AND ROGER IS REALLY GOOD AT TAKING THE BULL. YOU CAN ARGUE ABOUT THE TACTICS BUT HIS JOB IS TO TAKE BULLETS FOR THE OWNERS AND THAT'S EXACTLY WHAT HE'S DONE. I THINK WHEN YOU LOOK AT WHAT THE FUTURE OF THE NFL IS IT'S NOT ABOUT ROGER GOODELL BUT WHAT THE OWNERS WANT AND REALLY WE HAVE NO IDEA.

CARUSO-CABRERA: OKAY.

LEE: A QUICK FIRE ROUND, MARK.

CUBAN: OKAY. GO AHEAD, SCOTT.

WAPNER: REAL QUICK BEFORE WE GO. AGAIN, PUTTING YOUR SPORTS OWNER HAT ON. I MEAN, WHAT DO YOU MAKE OF LEBRON AND SOME OF THESE OTHER ATHLETES OVER THE LAST SEVERAL DAYS WEARING THE I CAN'T BREATHE T-SHIRTS TO MAKE A STATEMENT ON BEHALF OF THE ERIC GARNER CASE AND APEARS AS THOUGH BIG NAME ATHLETES ARE WILLING TO MAKE THESE KIND OF STATEMENTS MORE SO THAN THEY HAVE MAYBE IN THE LAST 50 YEARS.

CUBAN: YOU KNOW WHAT? LET ME JUST PUT MY HAT ON AS A CITIZEN OF THE UNITED STATES. I LOVE NON-VIOLENT PROTESTS. I THINK THAT'S SOMETHING THAT'S VALUABLE TO OUR DEMOCRACY AND WE CANNOT GET ENOUGH OF IT. WE HAVE RULES IN THE NBA IN TERMS OF ON-COURT APPAREL THAT, YOU KNOW, GOT TO TRY TO FINAGLE AND ADAM SILVER HAS BEEN GREAT IN HANDLING IT SO FAR. LEBRON, DEREK ROSE, OUR GUYS, WHOEVER IT IS, YOU KNOW, THE ON-COURT, THAT'S FINE BECAUSE THEY KNOW THE CAMERA'S THERE BUT THE BIGGER PICTURE, ANY ONE OF OUR GUYS THAT WANTS TO STAND UP AND GIVE THEIR OPINION AND SPEAK IN A NON-VIOLENT MANNER AND PROTEST, ANYTHING, NOT JUST THIS BUT ANYTHING, THAT'S WHAT MAKES THIS COUNTRY GREAT AND I'M ALL FOR IT.

LEE: WE'RE OUT OF TIME. THANK YOU SO MUCH. WE APPRECIATE IT.

CUBAN: THANK YOU.

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