♪ >> hello, everyone. i'm dennis kneale than for gerri willis. what does it cost when you criticize president obama and his economic policy? the answer may be over $20 million. that is what someone is paying. we will explain. and facebook ceo demanding more privacy not for you, but for himself. you in the meantime are about to lose more privacy on facebook. also tonight monica de part two, sexual harassment in the workplace is legal, but a judge rules it is okay in some cases involving interns. our legal team will tackle that issue. "the willis report" starts right nnw. ♪

we found out today what can happen when you are a top nuncio who openly bashes the obama administration. it will cost a company. the legal costs in defending itself in a slew of federal investigations will total at least an astonishing $23 billion could go even higher. this for a bank that our government thought necessary to raise billions of taxpayer dollars to bailout. the bank's chairman and ceo jamie dimon has been one of the few bold enough to criticize the white house economic policy which has made him a target of sorts. with me now, former goldman vice-president who is now a scholar and a liberal think tank . and neil weinberg, editor-in-chief of american banker. to start this off of what you to look at something. we want to make a chart of the different agencies investigating

jpmorgan. there are so many we could not fit them all on the same screen. and look at this next screen. five more. ten agencies. that does not even mention the fha or the many state investigations. now the "wall street journal" editorial page, washington is leading j.p. morgan and may yet stirring up jamie dimon as a lesson in what will happen to any banker who dares to disagree with his washington bosses. his storytelling needs conflict. vestar with conflict. what do you think of that point of view, the idea that this is really at some point a witch hunt. >> thank you for having me on. actually, i have the complete opposite view, as you might have guessed going into this. i think that the criticism and the fact that jamie dimon has been so out front in the resistance to the form of wall street's has really caused him to create a whole sense of defiance against regulators

which is really what has happened. if you look at the reports that were done on the london whale case, it is clear that he has created a corporate culture where regulations are not to be followed by the letter and the spirit of the law, but to be avoided. i think that is really what has gone on and why they have gotten -- dennis: by the way, did not see the chart exactly, but there are several other countries. i don't think he -- dennis: and yet, you know, jpmorgan takes its own money and loses $6 billion which is a pretty good lesson about risk. yet the government comes in on top of that advise them almost a billion dollars more. why fine a bank for losing its own money? what is that? >> obviously it should not be legal you should not be fined for losing money or taking risks >> in this case with the government is saying is that jamie dimon or his bank was not

being honest with the government. i can tell you, you asked if this is a witch hunt. i think it is half a witch hunt. clearly there are some people who don't like the fact that jamie dimon has been speaking of, but we have also -- an american banker, some of the things that the government is going after. we were there in some cases first and i think that there is some fire or the smoke is coming from. example, there were trying to collect from people were delinquent on credit cards. they did not have the records to go after these people. it was extremely dubious behavior to either sell this to collection agencies or have their entire infrastructure of lawyers around the country suing people when they did not have the goods. they have since shut that down and there in trouble. that is why the investigation is going on with the occ. dennis: in the entire meltdown jpmorgan was one of the good guys. they did not trade in synthetic ceos. a real and the government says were you pleased by a bear stearns in washington mutual

the. 70 percent of the offenses, all the companies, we bought them because you asked us to. we're picking on them. >> go back and listen to what was said by the management at the time he was acquired. they were giddy about the transaction. they brought to bear stearns for roughly the value of the property on park avenue. dennis: my point that these were guys who did something right. we are singling them out and are about to destroy them. >> trading up. they actually are profitable, more profitable than wall street expected, but for the legal costs. they're in no danger of going down. my point here is that they actually benefited hugely from the bailout. all of these other banks.

not that they should -- they should not be punished for things that went wrong. the part of the witch hunt is what you're saying because he was a hero during the financial crisis, came and. that was good. now he is getting slapped for during that. also bank of america bought countrywide which was voluntary. they paid about $50 billion to settle problems. you cannot say. dennis: when a bank in the worst melt down since the great depression is up losing more money not in a meltdown but in the aftermath because of the federal investiggtion and penalties, isn't there something wrong with our system? >> the could be something wrong with the system or jpmorgan. >> you have to also take into consideration, jpmorgan was bailout. dennis: they paid back every penny plus interest. >> the best way to think of it is that the whole system, whether it was money market

funds or currency swaps, the whole system was about to melt down. so even though kaytoo did not miss -- jpmorgan did not necessarily needed an infusion, they benefited from the system. >> by that logic we get bailed out to. dennis: we have seen meltdowns in the late 80's and in 2000. and in 2008. every time the government has to find a few culprits to make in the poster child and to kind of beat up on them so that we all get our moral lesson. what about a wall street amnesty? what about a treat and reconciliation commission? let's stop all this because i feel like we are bleeding the very banks that we had to bailout to save the system. >> the bigger problem is the way we are leading the banks. there is validity to some of the government investigations. not all, some. i also think that the regulation is going to strangle us. >> the regulation is going to shrink kaytoo and some of --

jpmorgan and some of the other banks by forcing rectus business out of the banks. that is true. as a very good thing. i think that the fact of the matter is we have have -- we don't need a treat reconciliation committee. no one more than a fabulous vampire them a fabulous that has @%er been really prosecuted. the fact of the matter is. dennis: there was not true criminal activity going on. >> are the government has said the situation was so bad and tenuous. >> one other thing that is going on here. you have regulators, the office of the control, the currency, fcc, played as fools during the financial crisis, did not see anything going on. dennis: now they can be the ones in the system that no matter. what i worry about is that what we are really doing here is the will ossification of the american banking system we are making so that they are too afraid to take risk, not that

they will lose money, but it will pay even more in fines. i am taking the last word on that. thank you for being with us. appreciated. now we want to know what you guys think. here is our question. is the government ought to destroy? log on to a gerriwillis.com and vote. we will share the results of the end of tonight show. and it seems washington d.c. is set to destroy itself. on day 11 of the government set down president obama and house speaker talking on the phone. both sides say that while there is no deal the chat was constructive. rich edson is at the capitol with the latest. >> well, talking in right now republicans in the house are waiting for a counter offer from the white house. republicans last evening in late night negotiations presented the white house with an offer. raise the debt ceiling, reopen the parts of the government that are closed and included spending cuts and mandatory health care cuts as well.

house republicans say they're waiting for a response from the white house on all of this. right now you have this sense in washington where their rhetoric has been gile down. folks in the house are letting the negotiators for congressional leaders and the3 white house talk this one out. there's a separate track going on in the scent. a number of republicans floating their own plans looking for democrats to sign on board which would close or open the government for another year or fund the government for another year, raise the debt ceiling for short-term in the medical device tax and health care law. the number of proposals floating around that these white house house republican negotiations are really the primary track right here. waiting to see. i have to tell you, democrats and republicans have been stuck on issues of taxes, revenues, government spending for years now. there are some certain things that they ccn do within that where they sort of agree and will be willing to go. long-term debt deal right now over the next few days is certainly not going to happen.

>> some of the changes the republicans actually want to make our important strabismus. this to a 3 percent tax on medical equipment makers is on the revenue folks are not on the profits that are left over. that is the revenue. i talked to the ceo of a medical equipment company as i basically they will live, entire profit growth, now, this started out as a fight about obamacare. it feels like it is not about obamacare anymore. what you think? >> it depends upon who you ask because there still are all obamacare components the republicans are pushing for. republicans still want or are floating according to one congressman a 1-year delay in the individual mandate that makes or requires almost everyone to have health insurance next year. when you look at the senate proposal, we just discussed that there is that element of medical device tax which is something in a budget vote that does not really have the force of law. as an estate in a vote. it did not become law, but it did send a signal that 79 or 80g

that tax. that should be an easy way that can be easily thrown on to this. dennis: the democratic controlled senate. refusing to negotiate or make any changes at all, yet the democratic controlled senate previously said it was left that equipment tax. these guys will fight over anything, even when they agree. >> and that is the thing. and so you have the white house message on this which has been you raise the debt ceiling. you find the government. and then we will negotiate. right now the white house is giving a little bit. when you have something like this this state of massachusetts , lot of medical device companies. senator is looking out for their home state interest, though they may be democrats, they don't want to see the tax. you have that and some other northeastern states with the same type of thinking. you wrap all of these issues and might get to something. that is where everything is sort of moving all over the place

right now. it is tough to tell what will be included. we look to that because it has been so popular in the senate. denniss one last fearless prediction. will there be an accord by sunday? >> no. dennis: nicely done. okay. a lot more still to come, including ways to make your work experience a little better. and next if you're on facebook they will find you whether you like and not. why advertisers and perfect strangers or worse an ex lover may soon be able tt search you out. ♪ ♪

[ villain ] well mr. baldwin... it appears our journey has come to a a delightful en. then i better use the capital one purchase eraser redeem my venture miles for this tri purchase eraser? it's the easy way to erase any recent travel expense. i just pick a chge, like my flight with aew taps, it's taken care of. impressive baldwin. does it work for hotels? absolutely thank goodne. mrs. villain and i are planning o... you scare me. and i like it. let's go what's in your wallet?

of cour i had no ideahat it was. i felt lik my feet we going to sleep. it progressed from there to burning... to like 1,000 bees that were just stging mfeet. [ female announcer ] it's known that diabetes mages nerv. lyrica isda approved to treat diabetic nerve pain lyrica is not for everye. it may cause rious allergic reactions or suicidal thoughts or actions. tell your doctor right ay you have these, new or worsening depression, or unusual changes in md or behavior. or swelling, trouble breathing, rash, hives, blisters, changes in eyesight including blurry vision, muscle pain with fever, tired feeling, or skin sores friabetes. common side fects are dizziness, sleepiness, weight gain and swelling of hands, legs and feet. don't ink alcohol while king lyrica. don drive or use machinery until you know how lyrica affec you. those who have had a drug or aohol problem maye more likely toisuse lyrica. having less pain is - it's a wonderful feeling. [ female announcer ] ask your doctor about lyrica today.

it's specific treatm for diabetic nerve pain. dennis: add real-estate mogul ted the resonate far mark zucker byrd, paying $30 million to buy four houses surrounding his own in palo out so, california. if you want to do a flyover. fuelling his shopping spree is a lust for privacy after discovering the developer wants to buy one of those songs and flip it by using the facebook

billionaire as the hook, he made the move buying the homes by leasing them back to their forerunners. when it comes to your privacy, he takes facebook in the opposite direction, getting rid of a privacy feature that lets users limit who can find them on the site. here to weigh and, adam levine, the chairman of identity test 911. thank you for being with us. first, tell us why. >> they are arguing that since there are some money back doors wheee people can find you anyway , they can go facebook dot com / dennis kneale and get to you. so therefore having this sort of omnibus feature about using search engines to get your timeline, you know, within facebook, it did not mean anything. dennis: a projection that was not doing much anyway.

>> creating a false sense of security. dennis: previously and was able to stop some crazy ex-girlfriend search, but now cannot. >> except for the fact that it is such a small percentage of people anyway. with facebook, a small percentage could still be millions of people. listen, we are facing a constant the erosion of privacy. there is no question. facebook has been leading the charge. he himself said that, you know, there has been a paradigm shift in the concept of privacy. at this point there isn't any. playing so much information out there. dennis: is a ridiculous of us in the privacy prut's even make an issue of it given that have much privacy anyone should expect when they go on and say come here is the college, my religion, what i think. is it a misnomer? should we never have expected any privacy? >> people have a certain concept of what they want to see in %-other people and being able to limit those people.

facebook argues that depending upon the items and where they are that you can limit to friends, friends of friends, acquaintances, the solar system, you know, whenever you want to do in terms of how public and expose you wish to be, but i think that in this -- first of all, we're living in a world now where i think we have generation i, generation invincible. people think they can say anything, do anything, and they're bulletproof. and they are not. there are too many people what your information. dennis: if it is not careful it will be on the wrong side of this trade. think about this. the american people are getting increasingly concerned about just how much about them is available. california state legislature passing any laws aimed at kids still have the right for the state forces website stick give kids a chance to take down comments. i was e-mailing the ceo of an outfit. they have temporary phone numbers or you can sign up and get rid of it in a day. in fact we have a segment coming

of later tonight michele. a bunch of new apps. thii type of blitz disappeared. those. so isn't facebook kind of on the wrong side? shouldn't they make it far better to let me know my privacy? i have no idea how to do my settings and feel like the company is making it difficult. >> they claim they want to make it to the point where you can decide when you do something to you want to see it. it changes. it is a mystery. every day is a new adventure. and that is a great concern. they are ultimately going to end up on the wrong side. >> , but the news service that is more exclusive and more ruling out and as a lot more blockk and obstacles to others being able to come in and see everything. should they take this job back and turn it into a profit center? >> absolutely. a great article. the main announcement.

a new program. $20 a picture you could make the information disappeared. >> i think that is a great business plan. the old days the white pages in the form but, you were listed unless you pay the phone company extra to be enlisted. maybe that model. thank you for being with us. and facebook is by far the world's largest social media site with nearly a billion visitors every month. issues of privacy are certain to become a reality for the other side's out there. the most popular social media sites besides facebook make up to arrest of five. number fiie, google plus, a fast-growing network. that number seems to be going on the up as opposed semaphore, the late my space, this 10-year-old network has been one of the first to launch the social media crazed but is mostly a music sharing site. interest, the photos sharing site that's more than 85 million monthly user's been up items

that they like. number two, linkedin, 102 million monthly users. the number one most popular social site is twitter. about a quarter of a million monthly user's, a quarter of a million has to be wrong. must be a quarter of a billion. let's hope it is better than the facebook ipo. we left out tumbler which has hundreds of millions. is to grant. you get the point. later in the show, our legal panel debates whether unpaid interns are protected under the law when it comes to sexual harassment. next, we answer the question how do you do that? we will tell you the best ways to get along with church at work. even if you guys seem to have nothing in common. ♪

, customizable charts, powerful screeng tools, and at the center of it all is a surprisingly low price -- just $7.95. inact, fidelity giveyou lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trade whenou on an account. customer erin swenson ordebut th didn't fit.online customer's not happy, i'm not hay. sales go down, i'm t happ merch cos back, i'm not happy. use ups. they make returns easy. unppy customer bemes happy customer then, repeat customer. easyeturns, i'm happy. resales go up, 'happy.happy. i ordered another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics.

if you have business idea, we have a peonaliz legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream in a reality. start your business today withegalzoom. we're here to help you turn your dream in a reality. so i can reach ally bank 24/7, but there ar24/7.branche i'm soy, i'm just really reluctant tory new things. really? what's wrong withtrying new? look! mommy's new vacuum! (cat screech) you feel thatin your mu? do... drink water. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. allyan your money needs an ally.

dennis: are difficult co-workers making a tiny office harder than it should be? some helpful ways to fix that coming up. ♪

♪ dennis: class in with your co-workers. we have all had to go through it. working with jerks that can turn your job into a personal hell. and always easy to deal with census can be quite an uncomfortable situation. here it with experts device on how to handle it, and our best communications expert. thank you for being with us. coming communication errors that lead to jerky confrontation. lack of specificity in what you say, lack of respect for rebuttals, lack of focus undesirable behaviors and lack of immediacy.

as second chart, a lot of what happens is is better communication is needed. >> a lot of misunderstandings, misperceptions. the first one at the top is lack of specificity. and the easiest way to describe this is the phrase as soon as possible. what does that mean? dennis: almost nothing. >> it is one of the most common phrases and work places today. you say that to me and i think you mean, you know, next tuesday on my schedule. but you wanted by 7:00 tonight. dennis: something about posture. and this is your translation for some people are just afone and body language. sarcasm, raising your voice is somebody when you're upset. dennis: can't get just the being in panic.

dennis: are we being a little precious few back the fact is people going to let fact -- /. >> poor customer service. a final like you as a co-worker in need you to get something for one of my customers and he will back, that impacts customer service. if i have a good attitude and i am in a better work environment is causes turnover. and going to turn over and get of there. dennis: trust. >> trust is the foundation of everything. - final trustee of my best interests at heart are you will follow through on last year due, not a contest to do anything. dennis: how important is the art of apology in dealing with co-workers? >> it is huge, with the apology has to be sincere and we have to believe in it. if we don't address taiwan believe the apology rather. dennis: the solutions to this co-worker conflict. >> we have to teach people how

to communicate to influence in a positive way. how to confront issues directly, probably, but also respectfully. dennis: just be not so much of a a reading to a point society because i work with younger co-workers. this will do with an all. suddenly they are so does respected feeling like, oh, my gosh. i'm just trying to get the best work. are people too sensitive?>> yes. there is balanced. there is pendulum that we have to walk. absolutely, people can be sensitive. ellis self-esteem and our society which is an epidemic. and so -- dennis: close of this team? was a it is the opposite. a bunch of people who are way too arrogant to have never received anything. >> that is all interrelated. @%u're absolutely right. dennis: that is amassed they put on. >> just like bullying. bullying is -- dennis: based on insecurity.

aubrey this is driven by insecurity. i fear failure and work a lot harder. >> and that is where the balances. some of us put it toward good use and bowser behavior. others use negative ways to get it. dennis: overall apologies are important. be nicer, watch your town, once the body language. >> and be more specific and as for what you want. ddnnis: i like this idea. that was my new year's resolution. i will start asking more people for what i want. so far they keep saying no. thank you for being with us tonight. coming up, and mourning for all of you bond investors. and an unpaid intern sues the company that she volunteered for claiming sexual harassment, but is it legal? our panel of experts will weigh in next. dennis: in

♪ dennis: smart tool -- here yes, gerri willis. dennis: is working for company free of charge in the mini your employer has the right to harass

you? the controversial ruling made by a federal judge in new york last week is spaaking some outraged. judge ruled that unpaid interns and a protected. the human rights law. they cannot sue there employers again sexually aroused. should an unpaid intern is protected. joining us with our legal panel, an employment lawyer. and a fox news legal analyst. you know, any time we come up with an intern and harass and sexy wind up thinking about all bunch of things in recent american history. where do you guys fall on this? >> legally as reprehensible as mrs., horrible case where a woman was groped and promised a job and after she disappeared in the grand hotel she lost the job so it was horrible. legally the judge got a right because she is not an employee. that can be changed to bar right now employees are not protected like that. >> i think the judge got it

wrong. under wage and hour laws, there have been cases of interns you were providing a benefit to the employer and therefore should be paid. >> but was not being paid. >> but they were able to ultimately be paid because there were benefiting the employee. she was not going out and is making coffee and cocktails. she was doing real work. dennis: you would have gone about it in a different way and saying she is a defect to hourly employee. >> that is correct. however, if you just want to have a law that says straight up in turn should be paid that is a great idea. dennis: you will have a lot because a lot of people won't hire them. that is the beauty of unpaid interns. you bring them in and do not pay them. dennis: they don't have to worry about the same litigation possibilities the budget with full-time employees. >> that is exactly what the court is saying. i think that is wrong from a

moral standpoint. from a legal standpoint aware that the law is now, that is correct. >> first of all, she is still have an assault and battery civil suit. under criminal charges against keating wrote. second of all, the employer, says he is high on the totem pole could turn the employee with his actions and be involved in negligence supervision cases. [inaudible conversations] >> my point was that if you are high enough in the pecking order your actions could bind the employer. >> told the employer liable. >> yes. right. and interestingly enough tissue or an employee and this happened a work the employer could have a defense which is that it should be dealt with by workers' compensation. she is not an emmloyee she could have a case like that. >> so she might be better off.

>> and employ you. >> that's right. >> a worker that comes in every day. they don't count as an employee. >> the most famous and turn. and there were unpaid. only the unpaid interns were there. she was the one that brought the pizza immolated night. >> that is all other story. as i said before, if you are doing coffee, bringing me coffee , helling babysit for the boss's daughter, that is not a benefit to the employer. dennis: a quick footnote question. this year and woman, a 42 or 23, she did go to the boss is the tower room. if this were a full-time employee of the company payroll, sexual harassment case, would it be a mitigating factor that she had willingly got to?

>> you cannot blame. would be wrong. >> she was afraid that if she did not go. >> it came down to quit pro quo. you come to the tell, do what i wanted to do the family get this job. she said no. does not her fault. >> soon after she did not get the job? >> exactly right. she sued after she did not get the job. she was promised a job and did not get it. dennis: if she had done the job she might not have sued. >> if she got the job surely would not have sued because you'd be happy she had the job. dennis: of five suing for asman and got the job doesn't that mean if i want to take the job must not think the harassment is that bad? >> you can look at it that way.@ that part of the case, she was not hired because she complained about it. >> the point is if he had taken

the job she would not be suing harassment. >> you can still sue your employer. happens every day of the week. someone is there, and happy, denied a promotion, denied a good position and soup. >> it would not have happened if she got the job. dennis: there is something -- i know. we are just going to leave it right there. thank you for being with us. a wonderful job matching the dress to the eyes. professional consulting. >> my time. >> all right. thanks a lot. when we come back a look at how you can pose some the online and have disappeared. and with big-name companies dropping in treasury, is this a sign of where the bond market is headed? will we looking out for you and your gerriwillis.com next. ♪

you ally love, what wld you do?"

♪ [ woman i'd be a writer. [ man i'd be a baker [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. whaif i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement shld be, ping ourselves to do what we love? ♪

♪ dennis: this function is alive and well in washington d.c. tonight. you need that. no one has come up wiih the deal to reopen the federal government , hammer out a sensible spending plan are deal with the debt. the only thing they seem to agree on is to keep on talking. meanwhile the rest of us in the whole economy was held hostage by the situation. when will all of this come and have an impact on your money? president and founder of into a portfolio strateeies and author of the buck he correctly forecast the real estate collapse in 2006. how does it relate? >> your living in the twilight @%ne. if they do not raise the debt ceiling in washington d.c. and we have a balance was a minute

however, if we raise the debt ceiling in extending credit card limit that is the correct thing to do and fiscally irresponsible. i have no idea what is going on. dennis: what is the right approach? split that they before us. >> the right approach is to keep the amount of the deficit growth under the increase in nominal gdp. we will somehow someday be able to bail out the debt. dennis: rewind that. the way to do it is? >> if that percentage issgrowing and less quick rate than the increase in nominal gdp, that

debt as a percentage of gdp would be falling. the best thing we can possibly the biggest the already have 17 trillion in debt and consistently pass the entitlement program. now we have a premium support for 20 million individuals who cannot afford health insurance. i wonder where the money will come for these people. over two and half trillion. when we going tooplacate our creditors and let them know that the united tates government will never defaults. the only way that we caa do that is to bring down our deficits.

i cut the deficit in half since i took office. >> the deficit in 2007 was under and 60 billion. because it went to one-half trillion. at a single year. >> i am not blaming the obama. dennis: i am. >> i am blaming w-2. obamacare into a recession and depression. it is not always fall. you cannot sit there and say happy days are here again. look at us. we are fiscal conservatives. the deficit is $750 billion. dennis: we are happy about it. >> a un have to worry about anything. the deficit is up tremendously from mary was. dennis: did not read a recent headline coming 8% of government spending is on automatic pilot.

we let people being categorized as unabomber's. we have to do something about entitlement programs. we don't need to add to entitlement programs. we need to fix the ones you already have. you need to spend less i'm social security, but now we're supposed to believe that this gridlock in d.c. is going to lead to a grand bargain. am i supposed to believe the democrats are going to dismantle social security in all of these retirement programs? , supposed to believe they will embrace on mass use tax increases on wealthy? it is not going to happen. the best thing is a small deal

with it will save face. they reduce the tax. we cannot go home and celebrate the fact that we are careening toward insolvency. dennis: until the next crisis. we have to wrap. just checking. when you said that the tea party is america's answer our home. you were not being sarcastic or ironic. you mean that. >> i love the tea party. as i've country's best hope. >> they want to balance the budget, strengthen the currency. now you are treated, these people i know, like i said. dennis: they have been characterized as such almost by our own president. one last note, one reason that

we have not yet had a crisis, every year we have been paying about $360 million in interest costs. basically identical to what it was ten years ago when the debt was malt to the far smaller. thank you. we have to go. thank you. appreciate your time. >> thank you. dennis: that was a lot of time. you got plenty. >> let's go another segment. dennis: take care. still to come, we will look into the newest trend in social media. the tempura web, when information disappears after only seconds. hoy partner. you're not linda. i'm filling in for officer owens. she used double miles from her capital one venture card to take an early vacation. buck up. let's go do cop stuff.

[ sin chirps ] license and venture card, ma'am. was i going too fast? oh, you'd be going twice as fast if you had double miles. [ male announcer ] get away fast withnlimited double miles from the capital one nture card. freeze! don't touch the face! can i dre? absolutely not. what's in your wallet? dennis: coming up in a social media is here to stay, but do your messages have to be?

caught transmitting the internet next.

♪ dennis: on the internet the rule of thumb is that nothing ever disappears. but new applications are trying to do just that marries the messages, photos and seconds, and a hot trend in social media. with more on this, a principal in u.s. advisory innovation leader with the w.c. price waterhouse coopers. maybe that is what they are funding as. thank you for joining us tonight. a nice new aircraft. usually when i see this guy he is absent minded professor it needs a haircut. explain this, the temporal web. >> the idea that people don't always want everything out there for the rest of their lives.

when the internet for started out the deal was everyone to have everything woull be added together. after that happened people started to realize there were some things they would like to take off. on the dimension of privacy about time the control which is where we are starting to see it happen. dennis: was run through a few examples. you have a show. snap chat lets you send photos with a catch. >> absolutely. founding with the idea that you could take a picture of video and send it to a friend and again last anywhere from one to ten seconds and it is gone. not about being upon the web for ever, but viewed by an individual and then not there anymore. dennis: this message will self-destruct. >> exactly. the thing is that a lot of people say that this generation does not care about privacy. they do. they're dimension of privacy is different. they want to get temporary in the new world which he goes

privacy in control because privacy. dennis: interesting. the problem, let's see sign up for a phone number that you use for a day, an hour, we, and then you burn eight and eliminated. this guy was saying to me that basically one thing is that people want to have authentic of versace's with each other, free expression. the second thing he says is that the more mobile we get, the more advertising marketers come after you and try to gets to you the molly actually seek protection in inflation away from it. >> i could not agree more. you jeopardy for people to be able to control the environment. you think about what will get measured and managed. you take a look isssomething like the self driving a car. an unbelievable amount of informational, whether it's coming from the bill will orality or tesla. we will see more and more measurement. i totally agree. his product is a very interesting product. let's say you happen to have an advertisement out there, a date

site. the idea of being able to control and that it be temporary. that is the new privacy. >> anonymity. the weekend to you. >> good to talk to you. dennis: short and sweet but intelligence. that guy is quite brilliant. we will be right back with the answer to our question of the day. is the government ought to destroy j.p. morgan? ♪

stick wi innovation. stick with power. stick with thnology. get the flexcare platinum. new from philips sonicar

losing thrusters. i ed more power. give me more power! [ mainframe ] loced. ge deep-sea fuel technology. a 50,000-pound, ingeniously weded machine that optimizesaw data to help safely discover and maximize resources in extreme conditions. our current situation seems rather extreme. why can't we maximize our... ready. ♪ brilliant. let's out ohere. warp speed. ♪

the $19 billion, jpmorgan has a rare loss in the third quarter. is the government out to destroy the big banks. we azlan gerriwillis.com. that is ever tonight "willis

report" have a great weekend. we will see later. ♪ ♪ ♪ >> president obama within the confines of the white house. apparently he is waiting for the republicans to say something that he likes. will they? was all of this really worth it? day 11. i am lou dobbs. house republicans passing a funding bill without any nd