>> first time since 1918 that they've won at home, at fenway park. we had a talk with joe castiglione and try to capture that and bring it to you. >> we're going to see you back at the top of the hour. >> but first, world chap annie duke takes a poke at the high stakes at the poker today. "your money" starts now. >> makers versus takers. same-sex marriage. some of the most divisive issues tearing at american's fabric all have one thing in common, walmart. it's been that way for years. a 2005 documentary by robert greenwald shows the high cost of the low prices. >> they don't care about what you sacrifice. it doesn't matter how many people lose their families. it doesn't matter if the associates have good health care. it doesn't natser anything other than what the bottom-line profit

is for that store of that month. >> that was 2005. now walmart executives don't do much talking. why should they? the company is making hundreds of billions of dollars this year. this week we did talk to the ceo, bill simon. he's talking about thousands of new promotions for wall mort workers. the timing is notable. this year's total is about the same as last year's for overall promotions. why the fanfare? is it to blunt the criticism that its workers are paid too little. >> that is an unfair criticism. we're very proud of the jobs that we offer as a company. at the beginning of the year i made a presentation at the national retail federation and described our plans this year for talking about and celebrating and defending our associates and our jobs. we hear from them often and they ask us to stand up for them. they are good jobs. there's a chance for them to start and progress.

the vast majority of the people who work for us full-time make well over $25,000 a year. >> the welfare kings in this country are the walmarts of the world who can only make it and only pay those low wages because the taxpayers are willing to foot the bill. >> are taxpayers in some locations actually subsidizing the part-time jobs of walmart associates? >> yeah, you know, the congresswoman has her perspective and it is -- it comes from an angle that is miss informed completely -- not completely, but in part by the groups that that are feeding her the information. >> you mean the prounion groups? >> uh-huh. our business is a very typical retail business. we pay above average for the retail industry. and you can plug into our company anywhere from 16 to 60. and then -- and then advance. we are no different than any other retailer in america.

we provide opportunities for people to join the company and to grow. the level of subsidy that exists is an issue that the -- that the, you know, the government decides. >> the average retail wage is something like $12 an hour. you guys pay more than that on average? >> we do. >> and there's an argument that some are saying maybe we need a 15 minimum wage. with almost $500 billion in sales and billions in profits, why not raise the wages? then your employees will have more money to spend. >> the discussion around the starting minimum wage is one that the country needs to have. but that's not the issue. the issue isn't where you start, it's where you go to once you've started. >> the mobility. >> the mobility. and raising the minimum wage will change the starting wamg, but it won't adjust where people

can go to in their careers that exist in the country today. and one of things we launched this year was to help address that. you have the opportunity to enter at whatever level your capability would suggest and you have the opportunity to advance. but that doesn't exist everywhere in the country. >> it's a family friendly store where you're buying a stroller and three aisles away you can buy a military style assault weapon. this doesn't belong. >> december 14th will be the one-year anniversary of the sandy hook shooting. at the time i was very interested in how much these gun sales are averaging your bottom line. we know that in some stores you ran out of the ar-15 style weapon. do you have any regrets selling that wildly popular firearm? >> of course like every american we're concerned about the violence that existness the country. we've been selling firearms and supporting weapons for a long time. we are very responsible in our

sales of fires. it's something that we're focused on. and the debate in the country about whether they should be legal or not legal, that's not one participate in on a day-to-day basis. that's an issue of congress. if they're sold in the u.s., went them sold through formal channels rather than through a gun show. as we evaluated everything, the decision to exit those wasn't one we could take. without changing the demand for them, and the demand was very high, our society wants them sold through formal channels where in our business, for example, we videotape every transaction. we cooperate rate with the police. we signed on to the mayor's task force. we don't sell them online or handguns. if firearms are going to be available, we as a society should want them sold through responsible documented channels. that's what we provide. >> this isn't some gam game. >> i read that modern day

anarchist in the house are -- >> the democrats are voting against the republicans. >> can you imagine anybody running a business the way we're running a business? >> i wouldn't think so. it's surprise. and it's time for them to sit down and both sides to compromise and get this thing solved. it will generate confidence. and certainty from a business perspective will generate investment. in both cases uncertainty generates a lot of shoulder shrugging and waiting. it's time for them to decide. >> speaking of washington's dysfunction, your political leaders playing a dangerous game. gambling with the future of all americans. does congress know when the deal is done? an yi duke is holding the winning hand. she's going to reveal to me her cards, right here, next. what you wear to bed is your business.

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budget. the cards are dealt, the chips are down. so should we be betting on a deal? when comes to gambling, kenny rogers had it right. so what kind of hand is congress playing? i want to bring in annie duke. she's a professional poker player and author of a book. you won the world series of poker back in 2004. the president held the most chips during the recent negotiati negotiations. and when you've got a great hand, a great hand, what's your strategy? >> well, when you've got a great hand, what you do is you let people come to you. because you're bargaining from a position of strength. so you can really stand your ground and allow people to make mistakes against you. i think that what's interesting here is that the best hand really came from the fact that the polls said people were favoring the democrats.

and that's what gave him the best hand. and it forces people to move towards you when you're holding the best hand at the table. >> we watched the tea party holding out on raising the debt ceiling. when you're not holding the winning hand, how do you know when to fold? >> that comes from reading your opponents and figuring out that if you don't fold, you're going to lose all of your chips. i this that the interesting thing here is that really you saw the compromise come from the senate, which isn't that surprising. because in terms of who you're trying to please, because senators are elected from whole states, they have to come to a more middle ground, so the issue is that you have this -- the tea party is basically what you call moving all in. so sometimes you play against players who are just -- they just want to move all their chips in every single time. then you have to make a choice, do you just fold because you're scared of losing all of you are why chips in the short run, or

do you call, which would be good in the long-run but might make you lose all your chips in the short run, to stop them from moving all in on you. so holing the debt ceiling over the negotiation is kind of like moving all your chips in. so in some sense the democrats sort of called that. and said, we're calling. at which point there was a backoff on that issue. >> and in this particular game of poker, the winners and losers are the people, not necessarily the players sometimes. annie duke, so nice to meet you. thanks for stopping by. give me 60 seconds on the clock. it's money time. $17 billion. that's how much the government has collected this year from banks behaving bad live. and that doesn't even include jpmorgan's tentstive settlement with the justice department. 67 million associate skusht recipients will get a 1.5% raise

next year. apple sold nearly 34 million iphones last quarter. but still profit fell as ipad sales were flat. the fastest growing segment of the mobile device market is still in diapers. a new stud finds that 38% of children under age two are watching shows and using apps on smartphones and tablets. in may coop assumer reports kah the tesla the best car that it ever tested but wouldn't recommend it until now. the best selling car in american, the toyota camry, lost its recommendation after the car's performance in a recent crash test. morgan stanley says there's a global wine shortage. demand is rising worldwide. at the very same time, bad weather hurts production. coming up, when twitter goes public the cofound billionaire

will get $500 million richer. you won't. i'm going to give you three reasons about feeling good about getting shut out of this year's hyped ipo. that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. i don't miss out... you sat out most of our game yesterday! asthma doesn't affect my job... you were out sick last week. my asthma doesn't bother my family... you coughed all through our date night! i hardly use my rescue inhaler at all. what did you say? how about - every day? coping with asthma isn't controlling it. test your level of control at asthma.com,

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president obama could certainly use some tech support. administration officials spent another week apologizing for the botched rollout of healthcare.gov. then a hack attack directed at president obama's twitter feed. they were redirected to a prosyrian hacker group. and from the politics to the person. you maybe headed for a breakup and not even know it. facebook would know it, though, right? researchers say facebook can map a users social network and that can identify a relationship in trouble. as for facebook's relationship status with investors, it's complicated. the stock surged after it announced nearly half of its ad

revenue came from mobile users but it fell again after it revealed that young teens are not using the site as much as they used to. that came after mark zuckerberg defending the accusation that teened don't find it cool anymore. what's cool? a billion dollars. that's how much twitter co-founder ed williams could make when twitder goes public. a co-founder -- $154 million. that's a lot of money. you, not so much. you've heard me say it before. sometimes it feels like the deck is stacked against ordinary investors, and usual usually it is. twitter says it's shared will debay between $17 and $27 a share. why can't you get them at that price? because most tech ipos only about 20% of the shares go to

ordinary investors, the rest go to the employers and institutions backing the banks. let's look at three recent social offerings. i want to start first at facebook. the biggest ipo ever quickly became bun of the biggest flops. three months after its debut you could get at it half the price. trades are all the way back here in the 50 dollar zone now. linkedin had a smoother first day. it priced at $45 a share right here. opened at $83, popped up nis lie, but fell to below $60 several months later. today it's paying above the $200 share. and groupon got a discount they didn't want. their stock promptly fell to the single digits, $26.06 by november. that's why american's most

famous investor says he never buys the ipo hype. >> the idea that something coming out on a monday that's being offered with significant comissions, the seller electing the time to sell is going to be the best single investment that i can make in the you might not make any money off the ipo, but jack dorsey will. the business of being the creator of the tweet. he is the man behind the tweet. changing the world 140 characters at a time. but there is a lot more to the business of being billionaire jack dorsey. born in st. louis, dorsey taught himself to program when he was a teenager, and like many great tech moguls, he dropped out of college and headed to san francisco to join the start-up world. dorsey teamed up with evan williams and biz stone, and twitter was born. in march 2006, dorsey wrote the first tweet.

>> we loved it, and we kept building it, because we wanted to see other people use it. >> reporter: a self-described loner, he mate the world a lot more connected. >> it's definitely humbling. >> reporter: he's been compared to steve jobs. >> we are calling it iphone. >> reporter: and like jobs, he was booted from the company he helped found back in 2008. but don't feel too bad for dorsey. he launched another successful start-up, square. >> twitter is focused around communication. this is around commerce. i think they're both fundamental to humanity. >> reporter: square lets any business accept credit cards through a square card reader that attached to smartphones. revolutionary for small businesses. >> it will go into the international company. >> reporter: today, he juggles two blooming brands. he stands to make $469 million from his 5% stake in twitter when it goes public. as for square, it processes $15 billion a transaction each

year from the local coffee shops all the way to starbucks. valued at more than $5 billion, dorsey owns about a third of it. he also has his hands in video streaming service, a social media based online store. he invested early in the start-up, like instagram, kickstarter and four square. all together, dorsey is worth an estimated $1.3 billion, but his dream job, following in the footsteps of another billionaire turned mayor of new york city. >> desire to be mayor is more aspirational, kind. raising the bar. >> reporter: clearly, jack is not done yet. coming up, the nba's biggest star is becoming a big global brand. >> i became a professional athlete, i became a businessman, as well. so i couldn't just worry about the game of basketball 24/7 without understanding the business side of it. >> cnn's rachel nichols one on one with lebron james, talking

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that's our tide. what's yours? they call him king james for a reason. lebron james is one of the most dominating athletes of all time, and now won two back-to-back trophies, and he's just 28. what he's doing off the court is also impressive. this year, lebron jumped ahead of kobe bryant as the higher earner in professional basketball, at more than $56 million. wow! that's according to "sports illustrated's" rankings. rachel nichols is the host of "unguarded" every friday night at 10:30 p.m. nice to see you. >> thank you so much. i like being here. it's great stuff here. i'm into the desk. >> sports and money, money and sports. >> they go together, my friend. >> tell me about lebron. >> you report all the time is imports from china, but i spoke to lebron james about brands he's exporting, sponsorship deals. he's also building the global

brand he calls lbj. and as all things lebron, this one is scoring big. [ chants ] >> all: lbj! lbj! lbj! >> reporter: for one week a year, every year, for nearly a decade, this is lebron james. >> all of the fans over here, what do you think about -- oh, this is crazy. >> when i first came here nine years ago, i was, like, wow. >> if i told 10-year-old lebron james you'd end up going to china more often than a place closer to ohio, like nebraska or kansas, what would you have thought? >> i remember when i was known outside of my hometown, akron, ohio. >> lebron. >> lebron. >> i was a freshman.

we went to columbus for a state tournament. oh, that's lebron. that's the freshman everyone is talking about. i'm 120 miles away from home, i was, like, wow, this is pretty cool. a thousand miles away from home, you know, and for people to love me, it's just all surreal. >> lebron james! [ cheers and applause ] ♪ >> reporter: james is one of the richest and most famous athletes on the planet. but being a global phenomenon doesn't just happen by itself. >> when i became a professional athlete, i became a businessman, as well. you know, so i couldn't just worry about the game of basketball 24/7 without understanding the business side of it. >> reporter: how adventuress are you when you travel? in terms of trying weird food --

>> i'm not adventurous at all. i'm not. i'm not. i've never been. i do use chopsticks, though. any more fried rice? i use chopsticks. >> reporter: what i loved about this, we got the crazy public moments with all of the scene, tens of thousands of people in the street. and then we had all access exclusive with him, so we had private moment, too. and a lot of times he was just a dad away on a business trip, like a lot of your viewers, i'm sure. anyone who has carted over to china, and there he is, calling his house at the wrong time, because he forgets the time difference, annoys his wife. so that juxtaposition was so much fun to see. i will tell you, a victory after that trip, to sell the brand lbj, not long after he got back, nba announced for the first time ever he is number one in global jersey sales. >> unbelievable. just another dad on a business trip with $54 million a year and leader in global jersey sales.

thanks. you can see more of rachel's interviews with the biggest name in sports every friday night. called "unguarded" right here on fridays. next on "cnn newsroom," live coverage of the boston red sox victory parade, not just celebrating the comeback of the team, but the resilience of the city. this is a live look at fenway park in boston. it is time to celebrate the boston red sox parade, starting at 10:00 a.m. eastern. so it's starting right now. >> right now. as you know, the red sox would be the world series against st. louis wednesday night. you're seeing everybody gather for the big celebratory parad