. >> and swiss bank julius baer is snapping up the swiss franc. as far as investor reaction, shares are trading lower this morning. carolyn has been speaking to julius baer's ceo and joins us now. carolyn, first of all, why the negative reaction? >> well, a couple things, ross, really. first of all, to finance the deal, julius baer is launching a rights issue and that causes some conclusion. secondly, not all, but some analysts say the price tag is quite high, especially if you account for the implementation risks and the restructuring costs at around $400 million swiss franc. having said that, though, 850 million swiss franc, that price tag is considerably lower than the 1.5 billion to the $2 billion that the market has been speculating about in the announcement to this deal. what they're relying on is that this deal makes sense. take a listen. >> when we look at the overall transaction, that's a business time that will give us a very good quantum leap. it would bring us to our target of adding approximately 50% of our current access and aum comi

larry bvaer -- baer. >>thanks renel.recording is a huge part of not just the city tradition but the san francisco giants tradition. since we have been in the new ball park, it has been played a total of 573 times after giants wins, including playoff wins and including world series wins. [applause] importantly, you know, we almost lost the giants. in 1993, we made some desperate calls to tony when the team was saved, and we asked tony -- there is only one person that could kick off the new generation, the new era of giants baseball on opening day in 1993, and that was tony bennett. he sang "god bless america" and "i left my heart in san francisco" on that date. it was an unbelievable day. it brought down the house, as did your performance at the all- star game. as did your performance at the world series. you are a huge part of the san francisco giants. as we all know, you have not arrived until you have your own bobblehead. [laughter] last year, we created a created abobblehea -- a tony bennett bobblehead for tony bennet

please welcome josh baer. [cheering and applause] hey, josh. nice to see you. mwah!l right, josh. doing a good job. how are you feeling? >> i'm feeling great. meredith: good. i know your family plays a lot of trivia. >> we do. meredith: did you practice, then, a lot of questions before coming here? >> yes, i did. meredith: you did. and how did you do? >> well, some good and some not. meredith: some good and some-- >> just need the right questions, and they're all easy if you know the answer. meredith: and you brought along--your wife is here, right? >> yes. meredith: christy, your wife, and andrea, your sister, and your mom and dad, danny and debbie. so nice to see all of you guys. your kids are missing, however. you have 3 children? >> 3, and they wish they could be here. meredith: yeah, one is named meredith. >> yes, and she's very excited. meredith: lovely, and a great name. >> she couldn't believe it. meredith: and you also have a son jackson and a son madison, but your son jackson is the one who gave you some advice. >> he did. meredith: what did he tell you? >>

the ceo of julius baer confirmed data theft. a baer settled with german tax authorities to end investigation last year at the cost of 50 million euros. this renewed data theft doesn't help. separately, julius baer ceo talked about the purchase of merrill lynch international growth management unit. that will involve massive cost-cutting including some job cuts. in switzerland and also possibly singapore and there was no appetite for another big acquisition at least for a year or so. on that note, back to you. >> thanks very much for that. break being news four then. mexico has launched a wto, word trade organization dispute against argentina. this news is breaking in the past few minutes. the complaints surround argentina's import licensing rules at which some say are blanket restriction of import, and protectionist policy. this is the complaint that mexico had launched against argentina at wto. >>> time to take a quick break. still to come the global economy may be false terrifying. are policymakers willing to splash cash on tra

so, as i understand it, from the s.e.a.l.s, they're unhappy that this guy went to print. >> bob baer,. the book is already number one on amazon, even though we mentioned it, it won't be released until next tuesday. next tuesday. >>> now that we know the mystery speaker no longer a mystery, it is clint eastwood, mr. dirty harry himself. he will be the speaker tonight right before senator marco rubio here in florida, and then of course, the man of the night, mitt romney. and it kind of got us thinking, what other celebrities do republicans have in their corner? we have a look at that here as we're looking at some of these live pictures on the convention floor, in the forum. we are, again, watching and waiting for clint eastwood. also, mitt romney. both should be swinging through this forum any moment now. be right back. there are a lot of warning lights and sounds vying for your attention. so we invented a warning you can feel. introducing the all-new cadillac xts. available with a patented safety alert seat. when there's danger you might not see, you're warned by a pulse in the seat. i

. >> susie: but you talk about hope and despair and right now investors are hopg that central baers in europe and policy makers at the fed will do something to rescue the global economy, take some sort of action. what if they don't. now that's the despair pot of the equation. ipart of the equation. what is that going to mean for the market. >> i suppose if people are expecting it and the central banks don't dlifer then there will be some despair. that's break things apart. in the case of the u.s., this sme is growing. it's not growing gang buttal ter style but it's growing. the housing picture also better as some people pointed out. and some this economy is beginning to spend stand a lite on its own two feet albeit the job picture is still disappointing. if the fed doesn't act the economy's going to keep going. the europe, ecb, definitely in my view needs to provide more stimulus. but they are right to expect that the countries that have been overspending and labor markets are inefficient and really where labor doesn't move around as it needs to, that there needs to be some restructuri

it's boosting baer's asset management by 40%.noble cutting the price of the nook reader model for $20, this is for joe, the eight gigabyte nook will sell for $179, $20 less than amazon's kindle fire. mr. kernen, do you have either of these devices? >> uhm, no. no, no. you know, iphone is going to be my first thing. is there another one coming out soon? >> in september, september 12th ishe date, so we can wait online together perhaps. >> and we can get it so that we get our corporate stuff on it? >> that, too, yes, you can get your "squawk" e-mail there. >> i'll make a pledge but i'm going to need your help. >> can we stay out overnight and get a tent outside of one of the apple stores? >> maybe we can do that. >> host the show from outside. >> this whole thing together of us together for the past week has been a real meeting of the, you know -- >> yes. >> it's a bromance. >> a true bromance. >> in fact, feel come back. i feel you're not here right now. >> i'll come back. >> congressman paul ryan has been a frequent guest on "squa

they are not good usa, baer maybe -- there may be five businesses.is is a crazy position we hav to call 911. these are funds that allow you 100 or whatever, 250 minutes a month to chat with your friends. it raises the fundamental question of why are we buying cell phones for the population? if you go through the list, something like 50 to 60 million people are potentially eligible under the law as it is currently written. lou: congressman, i don't want to in any way seem argumentative with you, but under this administration, my guess is about 300 million people could be interpreted as being eligible for this program. >> we are trying to stop it. lou: we are glad you are. we wish you luck. what is the next step back we just have to continue to educate people. we have some videos online that we put together that walk people through some of the abuse and we have to get more cosponsors. a lot of members of congress who have not heard from their constituents on this issue. i have. this issue was brought to my attention from people in my district around li

polling on three's spots that will be key to presidential election victory in november and a curious baerolls ] so, why are we up here? because farmers offers a new-roof discount? [ thudding ] oh, boy. yep. and it's an agent's job to help people find new ways to save. there's some cool stuff up here. there sure is. [ man ] look what i found. it's a fiddler on the roof. ♪ [ up-tempo country ] what are the chances? [ announcer ] we are insurance. ♪ we are farmers bum-pa-dum, bum-bum-bum-bum ♪ new poll numbers show november's presidential race shaping up to be a tight one. tighter than a lot of people thought. president barack obama me and republican challenger mitt romney in wisconsin. it's romney with the edge in colorado. and in virginia 49% surveyed say they support obama with 45 percent backing romney. president obama as overall lead over mr. romney is 49% 42% has grown slightly i think since last month. a new book about gov rod blagojevich says tony russell secretly channeled thousands of dollars to his senate campaign for him. the former governor said that he heard he paid $25,000 fed

they are not good usa, baer maybe -- there may be five businesses.is is a crazy position we hav to call 911. these are funds that allow you 100 or whatever, 250 minutes a month to chat with your friends. it raises the fundamental question of why are we buying cell phones for the population? if you go through the list, something like 50 to 60 million people are potentially eligible under the law as it is currently written. lou: congressman, i don't want to in any way seem argumentative with you, but under this administration, my guess is about 300 million people could be interpreted as being eligible for this program. >> we are trying to stop it. lou: we are glad you are. we wish you luck. what is the next step back we just have to continue to educate people. we have some videos online that we put together that walk people through some of the abuse and we have to get more cosponsors. a lot of members of congress who have not heard from their constituents on this issue. i have. this issue was brought to my attention from people in my district around li

bob baer, thank you. >> thanks, brooke. >>> all right.ng about what mitt romney should be talk about tonight. but john mccain, arizona senator, he's got some surprising advice. he talked to piers morgan. we're going to play that for you. plus, are republicans going to surprise everyone with a mystery speaker this evening? apparently they are, according to the romney camp. who it is, we don't know. and my favorite political power couple places bets. look at them already, arguing over politics, next. i don't spend money on gasoline. i don't have to use gas. i am probably going to the gas station about once a month. drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ [ male announcer ] isn't always the one you plan to take. w

. >> bob baer, i appreciate the expertise.ell. >>> the fund raising that michele bachmann is touting, has she made that on the controversy on the comments about hum huma abedin and alleged infiltration into the u.s. government. even under a fantas. the best protection now looks, fits and feels just like underwear. we invite you to get a free sample and try one on too. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whe

. >> bob baer, i appreciate the expertise. fran thank you as well. >>> the fund raising that michele bachmann is touting, has she made that on the controversy on the comments about huma abedin and alleged infiltration into the u.s. government. >>> an amazing story from virginia. a young woman saves her father's life by lifting a car off him. we have details when we continue. ♪ >>> a young woman saves her father's life by lifting a car off of him. we'll have details when we continue. ♪ i want to grow ♪ i want to try ♪ i can almost touch the sky [ male announcer ] even the planet has an olympic dream. dow is proud to support that dream by helping provide greener, more sustainable solutions from the olympic village to the stadium. solutionism. the new optimism.™ ♪ this dream >>> keeping them honest tonight. congress woman michele bachmann is touting the fact they raised $25 million in the first 21 days of july. she tweeted i'm so thankful for my generous supporters. it is an impressive amount to be sure. the question is does it a

and i want to bring in bob baer. and bob has a unique perspective. bob, welcome back.oes -- and i know it's referred to as an intelligence finding, what does that really mean? >> that means that the cia can support with money and medications and things like that, nonlethal items can go to the oppositioning an, and frank right now, that's what they need, is money. the opposition is running out of ammunition. they can't afford things, and if they're going to sustain this holding on to aleppo, they need this money. and i think it's also a diplomatic move on the part of the obama administration to support the governments in the region. in particular turkey, which is panicking. two days ago, the prime minister said that they would consider sending troops into turkey to control the kurdish areas, there are maneuvers on the border. and brooke, i think we have to the look at this, it is getting out of hand. there are reports unconfirmed today that the opposition has artillery, they're firing it at the airport, outside aleppo. if they have artillery, how far are they away from

> antes de finalizar el primer tiempo, el brasileÑo puso el empate, sacando el empate del santiago baerludos a quienes le van al barza >>> y david villa lo sustituyÓ a los 75 minutos para anotar el quinto gol de barcelona. luego vaifilla reapareciÓ luegoe sfra se fracturÓ el. >>> compadre el bautizo, bautizo. bautizo mucho para usted. >>> queremos que seamos parte de nuestro programa comunÍcate con nuestro a travÉs de la direcciÓn de facebook y ftwitter que ves n pantalla o en nuestra pÁgina de univisi univision.com te esperamos en "despierta amÉrica" >>> da oye ule una yo , dame uÍ. quÉ sigue. >>> johnny, johnny. >>> cÓmo es >>> johnny tÚ eres mÍo. >>> quiÉn dijo eso su seÑora. >>> yo desde chiquito parece que te problemas de autoestima >>> por quÉ >>> en las entrevistas decÍa johnny tÚ eres el mÍo, el mejor >>> en este rÍo >>> desde chiquitito >>> era menudo johnny >>> a quÉ edad empezÓ >>> a los 11 aÑos cuando empiezas hacer cualquier contÉ r tonterÍa >>> ay! johnny perdÓn abuelo >>> deal ale al a abuelo, quÉ abusador >>> eso es, este fin de semana celebraron en mÉxico de hecho cerra

. >> bob baer formerly of the cia. now a cnn contributor. helping us appreciate what's going on. >>> turning now to afghanistan where for the third time this week american troops have come under attack by those wearing the uniform of the very country the united states is trying to defend. just today three u.s. troops were killed when a man dressed in an afghan military uniform opened fire in helmand providence. chris lawrence is at the pentagon with more on what's going on. this is ominous, ominous stuff, chris. what is the latest? >> exactly, wolf. there is still some mystery surrounding exactly who this shooter was. but by now it seems clear that this was someone that these american troops trusted. were three u.s. marines lured to an early morning meal by someone they thought was a friend? the taliban claims that once they met with an afghan police commander, he shot and killed all three then ran off and joined the insurgency. u.s. sources would only say the marines were on a special operations mission to stabilize a village and had gone t

swiss bank julius baer said to buy merrill lynch's non-u.s. wealth unit. k.s likely to be announced monday morning. >>> coming up, more from our guest host doug dachille and head down to the new york stock exchange from the latest buzz on wall street. >>> ready or not the stock of the day is coming up. you're watching "squawk box" on cnbc. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposi

stereotypically like a girl or a boy that doesn't can act stereotypically like a boy, those types of baersviors can also become civil rights violations that our office is empowered to address. one thing that i wanted to mention, sort of a recent development or something that has happened in the last year involves our aknocke ca hennepin case. this is a case that senator r started in november 2010 with the department of justice, our colleagues there. we got involved early in 2011. you may be aware that this is the largest school district in minnesota. there are six middle schools and five high schools in this district. and what happened was that the government in partnership with a number of advocacy groups got involved in this investigation, and it resulted in a very substantial and ground-breaking consent decree that was entered into by the district court, federal district court in minnesota in march of 2012. the consent decree covers a number of issues ranging from training to revamping district policies. um, there's also things like a task force, certainly climate surveys that are being