our third panel is the world famous bernstein. as you saw in the video, they worked on the watergate stories from the first days and helped win the pulitzer prize for the paper. i got to know carl when we were young reporters at the washington post. his hair was dark as night, so was mine. it was an interesting pleasure to watch him go from a bright, young writer with a flamboyant writing style to an historic figure in american journalism and political lure. and, later, the author of well-reviewed books on pope john paul, ii and hillary clinton, he is now writing a book on his early years, his teen years, at the washington star for long time washingtonians. he is now the presidential professor at stonybrook university, in long island. carl was always the more colorful of the duo. bob woodward tells this story on carl back in the mid '70s when he found out president ford had pardoned former president nixon before any water gate trial. he called and said the son of a bitch just pardoned the son of a bitch. that reflected much of pub

first alert meteorologist howard bernstein is tracking just a few storms. could be an issue later today. how serious are these, howard? >> probably not too serious. most of us prsee a storm but we have isolated storms we're expecting. if you're going to be at the pool or grilling out, it's one of those things you want to keep an eye to the sky. maybe download our weather app if you haven't. let's show you what's happening. if you haven't been able to get to the the beach, this is the scene from ocean city right now. looks like a decent day there. certainly they're not going to be as hot as we are. they'll hold in the 80s. the storms that i'm tracking -- excuse me -- i tripped over something. we'll be good. storms on track down south of pittsburgh and in toward ohio. there's very little activity going on right now. this is what we had early this morning when we had some heavier downpours down in southern maryland. our temperatures now, they're way up there. this is the bigger problem for today i think, the heat. it's 87 now. a little cooler on the bay 80 in

i love one thing that carl bernstein said and i objected to another. he said it's going to be a war of ideas and i agree with that. this is going to be a long war of ideas and values. the only thing that we have to be careful, though, is that we don't b fall into the pattern of portraying the islamic world as backwards, et cetera. we should actually be lifting up the young muslims, the great successes of the persians and the arabs and the islamic world in the name of science and progress. that's a big part of their contribution to world history. we want to go back to their positive roots to do something good in the world. not go in this torable, negative direction. and if we in the west don't start showing more respect to the best parts of the islamic world, we will bring out the worst. >> soo is that what you want to take exception to? >> yeah, just one thing. it was so brilliant when he was saying about the war of ideas. i just want to make sure the way that we talk about this war of ideas lifts up the best in all of humanity, including the best in t

andrew bernstein and nancy eisenberg who co-wrote "madison and jefferson."ll that ahead live this afternoon on c-span3 american history tv. a note that all of today's symposium on the war of 1812 and war of washington will reair tonight at 8:00 eastern again here on american history tv on c-span3. events should get starting in a few moments. we're live on c-span three. >> welcome back. as a reminder, c-span is still filming. thank you very much, c-span, by the way. you guys are great. yes, a round of applause for c-span. [ applause ] remember to silence cell phones, keep talk to a minimum inside this room and outside. if you need to use the rest room. we're happy to see you back. i'd like to introduce william, who will be kicking off session three hosted by white house historical association. >> welcome back from lunch. i'm a historian at the white house historical association this afternoon we'll have our concluding session begin shortly. we're going to circle back to the city of washington, white house and capital building and then finish with a paper by a

in bernstein and i wrote a story saying that watergate was part of a larger part of sabotaging an espionage a bellpull lawyer who was hired to run all kinds of agents against nixon's opponents in the primaries. then to come into say it is absolutely fascinating i do a lot of things on the outside the you never read about it what you read about are the things i did not do but i did things out of boston, which was his home town, a black male. nixon says my god. even he is surprised. [laughter] he says i will go to my grave before i ever disclose it but we did things that we never got caught but then he abruptly catches himself and of stops and a nixon never inquires with no curiosity. but if they did black male and a lot of things you either know about them or suspect or you would think he would want to know. i actually note that he made us similar post to me and also takes this to his grave we don't know what these things are it is interesting how he caught himself and nixon does not have the inclination to inquire. >> talk about that conversation because the footnote was he told you he did

steve bernstein is the ceo much sinopac solutions. i tend to disagree, if something gets touchy or violent, it could affect our headlines. we're right here here for you. we'll keep an eye on it. california is the first state to ban plastic grocery bags. brown. supporters of the measure argues that plastic bags are rarely recycled and often end up in the ocean, beaches, parks choking all kind of animals in the sea. critics say the legislation would kill jobs, the california law would allow reusable paper bags to be sold. paper bags will also be offered for a minimum of 10 cents. pimco in all out damage control after the bankrupt departure of bond king bill gross. but is the press having any impact on wall street money managers who are slowly or quickly yanking their money out. he has exclusive details on whether wall street is listening to pimco or doing it's own thing. it could be a lifesaver for our troops. a new drone small enough to be carried in a pocket. will tell us how this mini drone works in a fox business exclusive. yeah, it

also with me is drew bernstein, a comanaging partner. he represents more than 50 chinese companies. welcome to all of you. tell us where in the roadshow alibaba is. >> jack moll was here today. he was in new york city. there was a line of investors. apparently 800 came. he didn't speak for that long. it is conducted by a credit suite. jack ma spoke about the company's vision, how he is a man for small business. he was very candid with the audience and telling them that he is not the type of person who would be an investor relations kind of guy. he is there for the customer first, and the investor third. >> one of the things also mentioned was betting on alibaba on china, it is the debt on global business because alibaba is not going to be content with just going after 1.3 billion people in china. >> i think the interesting thing on the international circuit is how they do in europe and particularly russia. i think them competing in the u.s. against the likes of amazon is going to be difficult. amazon could compete with alibaba in china. given the market in russia, i think that is go

. >>> right now at noon we have rainy weather moving into parts of the area meteorologist howard bernstein is tracking a storm. howard? >> reporter: we are watching a lot of rain in north carolina southeast of virginia. so far for us, it has been fairly light. flood watches southeast into virginia and north carolina. look just a slight green here, if you go south, i know we have viewers there, that is where we are seeing heavier showers. some of this may slip into sane charles county and we are going to certainly have moderate rain. reidville toward colonial beach. would have to watch those along with st. mary's county. in dc, light sprinkles coming up the potomac. the clouds have been thick, look at these temperatures still in the 60s. up to 76 now. we are going to struggle to get to 80 today. i'll come back in a few minutes and let you know how long these clouds and sprinkles will be around. i'm already looking ahead to the coming weekend. michael? >>> president obama is now confirming there is a plan to deal with the terrorist group isis. he is expected to unveil the details this week.

liz: steve bernstein, his office is right there.said this is knotty january men square part two, but we will be watching it, of course, for you. by the way, they're 12 hours ahead, so he got up very early, three a.m. thank you, steve. call it the $10 billion announcement. yes, we'll continue to talk about bill gross, and he announced his departure from pimco to join janus capital late last week. $10 billion has been pulled from the pimco total return fund since he walked. the "wall street journal" says withdrawals from the firm could eventually rise to at least $100 billion, but perspective here, there were redemptions meaning people were pulling out money for 11 months before that, some were saying because they didn't like the way he was running it. we're watching that closely, but the widely-held mutual fund as you look at what's happening with it is something that has gyrated, and you can see janus capital, where he went, is now jumping, at least the stock. although yesterday -- friday, rather, it jumped about 10%. it's pulling b

first of all there are conversations which were not taped and carl bernstein and ion number of years ago talked to mcgregor who is a former congressman who replaced him as the campaign manager for nixon. clark mcgregor told us that nixon and mitchell had a neat meeting a few days after watergate and the residence of the white house. all mcgregor was able to say from what he learned from mitchell was they all played their cards on the table. they have learned about things they didn't know about. if you really look at it if it's true and mcgregor is deceased now and mitchell is gone in nixon is gone but if you look at that point there is a time and in your tapes shows where they just kind of go full blast with the cover-up. they are going to cover out. you say the 1970s houston plan didn't concern nixon. i think it did. he approved at it but theirs is may 23, in your voluminous book and i really thought this was interesting because this houston plan is clearly illegal. everyone knows it's illegal and nixon approved it and on this tape nixon says i ordered that they use any means necess

we're back with carl bernstein, david gergen and lieutenant colonel rick francona. your face looked skeptical when we played the sound bite of president bush, saying it was important to leave behind u.s. troops instead of rushing out of iraq. >> with all due respect to the former president that she led us into the most disastrous war in our history. one of the worst presidential decisions in our history. to go to war in iraq, the wrong country, in a war that made iran the victor, that made terrorists the victor. and we are now dealing with the fallout from that disaster. including isis. but that said, the larger fight against the scourge of terrorism is the struggle of our time. as i was trying to say earlier, someone, some great leader, and it is a little late for obama, but, he said in estonia, the other day he actually made a statement about organizing the arab world, the muslim world, middle east, international community to isolate this cancer. that's what we are talking about here. it is going to take islamist leaders to joan uin us. i don't know if it is possi

. >>> spectacular is the words meteorologist howard bernstein is using in his first alert forecast. >> especially after yesterday's heat and feels great outside. look at these temperatures. still in the mid-60s in martinsburg. in the 50s in the high country. we're sitting at 57 in d.c. and low 70s in easton. a near perfect friday here with highs later on in the upper 70s. the problem is going to be tomorrow. got a yellow alert up for saturday. here's your futurecast. not too many problems overnight. here we are at 6:00 a.m. just a couple of showers out in the mountains. as the morning wears on, notice how the green increases. heavier showers from fredricksburg, northern neck in toward southern maryland by early afternoon. so showers around midday into the maybe even late afternoon in spots. we're going to have the yellow alert up. i'll come back in a few minutes and tell but sunday and the rest of the accepten-day then. for -- seven-day then. for now enjoy this beautiful day. >>> there are new questions about what the n.f.l. knew about the ray rice domestic violence case before this w

bernstein also taking its rating down on the stock. the firms are noting now that alibaba's ipo is over, that could mean uncertainty for improvement over at yahoo! and one thing that we've noted too is, because you can't short alibaba stock, some investors have been shorting yahoo! as a potential hedge against that stock. so one thing to keep in mind there. shares of amazon, also slipping this morning after workers at five amazon centers in germany walked out on a two-day strike in support of a collective wage agreement. amazon shares trading down by about 3%. stock at 322. but no doubt that is going to be contributing to the nasdaq fall as well. when we come back our coverage of alibaba's record-breaking ipo continues. we have an exclusive interview with the former ceo of alibaba.com. after a record weekend for the iphone 6 is now the time to buy or sell shares of apple. we'll ask kevin o'leary in a few minutes. bankers doing well friday, raked in $300 million in underwriting fees from the mega ipo out of alibaba. one of the top banke

jared bernstein. >>> and today's latest inflation subjects is sure to be a topic, it inflation is in check at least at the wholesale level, producing prices were unchanged, a drop in food energy prices helped to off set transportation and shipping prices, consumer data comes out tomorrow. now, prices may be stable but the outlook on the u.s. economy from the top ceos is a bit weaker. a survey out today of 135 chief executives by the business round table shows less optimism about the economy, with more of them expecting to see more by the end of the year, more on why the economy is performing below its potential. >> the gdp is still limping around, we'll come in this year 2%, a little bit above. maybe. compared to past recoveries at this point we're way below where we should be. work force participation still way down, especially down when we look at younger age workers. and we have 4 million jobs that we can't fill because people don't have the skill. >> but the findings were not all bad. most of the ceos expect their companies sales to increase over the next six months. >>> there wa

also rich bernstein. he's also a cnbc contributor and owes me big.iddle name, so i gave him that. richard, i'm reading your -- i'm sorry. peter, i'm reading you are very cynical in this talk you gave at m.i.t. >> oh, yeah. yes, i was. >> i wonder how rich is going to feel about this. you are taking the notion -- number one, you're calling people like yellen and bernanke elites. no, no. all macroeconomists. >> you're talking about how future generations and civilizations might look back at what we went through and wonder how had were been so misguided. the notion that if you keep the rate of interest really low on some things, so to finance the purchase of an asset, because you think you're making it cheaper to do that and easier. because the asset rises in price, because of that you're actually not doing that. it's almost the same thing jim grant says. you can make things appear to look better, but you don't really make them better by what we're doing. and there could be negative consequences. have i got that right? >> i think you have. what i'm driv

meteorologist howard bernstein is tracking the timeline of these storms and everyone wants to know what's going to be the affect on tonight's big game. >> i think the big game will be fine. potentially some showers for tailgaters. we'll talk about that in a moment. one thing that's leading to the threat for some storms this afternoon, the heat. we're in the mid-80s already in town. 86 luray. low 80s for frederick. so a very warm midday. fredricksburg is 83. there's a front out to the west producing some showers in areas of kentucky, west virginia and southwestern areas of pennsylvania, even in toward virginia. you start to see a few of those echoes here trying to approach harrisonburg. we'll patch that as it gets into -- we'll watch that as it gets into this very warm and humid air. our futurecast for this afternoon, take some of this activity and looks like the heaviest will be south and west of it. there's not as much as we were looking at earlier. 2:30 luray looking at some storms. then we'll see a scattering of showers and storms more south than north. can't rule out showers for tailg

howard bernstein has issued a yellow alert for even more stormy weather this evening. howard is here with the latest details. it's already steaming hot. right, howard? >> you might want to use it as a par sol first and an up bell la later on. -- umbrella later o. we're watching this energy coming out of the midwest, the ohio valley. some storms just about to get into western west virginia. this will have all afternoon to ride east and come toward us later this afternoon and this evening. so i think for the next few hours, other than a pop-up shower or storm, we're going to be in pretty good shape. by the time we get to 4:00, 5:00, 6:00, that's when we'll have to really start the watch the radar from west to east as things will be developing and moving toward us. look at these temperatures. they soared into the low 90s. 92 at d.c. manassas 90. fredricksburg 91. even frederick at 90. we have the heat and a lot of humidity. you know if you've been outside, it's very uncomfortable with heat index values 95 in town. low 90s frederick. all the heat and humidity will help fue

none theless, bernstein chooses to downgrade the stock.o downgrade the stock. how they can tax efficiently dispose if they choose to of more of that alibaba stake in the future after obviously what would be paying taxes on what they've soeltd tld the other da the ipo. bernstein would say, buying it at 40 a share, management will transfer to shareholders the tax efficiently or the yahoo! will be acquisition target. don't think it's necessarily possible so they undergrade the stock. >> i believe, look, someone's going to get the job done. i have more faith in marissa mayer. the buyback has been -- here's an interesting fact. they've bought back a huge amount of stock and it's brilliant. why is she not getting credit even for the buyback? the whied that ty eiey idea tha worthnology is fool hearty. a looked at the deal that s.a.p. did this week. this concur technologies deal. who says that yahoo! can't do something very smart with its money? i tire of the negativity yahoo!. i've been right about this, i've been saying buy for a long, long time

. >> reporter: the bernstein family lost the home their children grew up in. >> a lot of this, you know, just the sentimental stuff is what can't be replaced. >> reporter: at 4,000 feet we can still see hot spots on the ground. this fire is still very active. it could change direction and attack homes at any moment. tonight california's fire season is in full swing. near sacramento, tense moments when a crew of 12 deployed their fire shelters as flames overran their position. >> we'll need to give them support to get out of there. >> reporter: the crew rescued, no injuries, but a close call. but in this small town, the damage is done. everyone knows someone who lost something. >> people's lives are ruined. this town, i don't know if they're going to be able to recover from this. >> reporter: recovering is hard to imagine when you see so much destruction in such a small place. so many people we spoke to tonight say they're not sure if or when they will rebuild. if there's any good news, this place is roughly 20% contained, but brian, it will cost tens of millions of dollars to clean up a

i give a lot of the credit to the fact that i did come along at that time when the bernsteins and thecy colemans and all of these amazing people created all of these things. so i give myself credit for continuing and doing the best of my ability to help make these shows hits, but they created them. they created them. they made them happen, and i was there to receive it. so, it's a -- it's a mixture of all of it. life is a mixture of all of it. >> i'm glad that you have -- that you chose the theater and you stuck with it and you blessedbless ed us in innumerable ways with this artistic genius with yours, yet the flip side of all that is, any artist on broadway watching, will say, i can hear it now, you don't get rich necessarily by staying in the theater. i just had angela here not long ago. she was very clear, the primary reason she took "murder she wrote" because at some point in her life she needed to make some money. >> i wish i had had that. >> i love your devotion to the theater. you're not homeless, thank god. that's a lot of money to leave on the table. >> it is, but what you d

bernstein will be in here bright and early.eratures muggy, 68 to 80 under partly cloudy skies. some afternoon storms are possible, a few could be hefty. the a man concern tomorrow would be heavy -- main concern tomorrow would be heavy downpours and flash flooding. right now the critical hours saturday appear to be 3 p.m. to 10 p.m., not to say we couldn't have a few showers before lunchtime. tomorrow morning not bad, just a muggy start, 6:00 in the morning on futurecast, mid-70s downtown, low 70s in the burbs. by 8:00 temperatures still in the 70s across the board. by 1:00 some showers popping up now to the west. i say this all the time. don't get too hung up on the exact location of showers. most of the showers early on will be out toward i-81 and the mountains. by 4:00 couple showers maybe over into fairfax county and montgomery county, not far from poolesville, better chance again for showers toward winchester, a little yellow and orange showing up, more intensity of showers and storms. by 6:00 a couple showers toward manass

especially, earn bernstein for the incredible work that she has done on this issue. i believe that we are striking the right balance of compliant with the: but in typical san francisco fashion making sure that we protect these women as much as we can. i also want to thank planned parenthood, who has been working on doors with us on this issue for the last few years have been patiently awaiting a resolution to it i specially want to thank the staff of planned parenthood wanted daily basis risk their lives to provide access to healthcare for these women. i also want to thank the neighbors in my district who have -- who surround this clinic, who had to put up for any years with a great deal of harassment. it is time that we in san francisco once again send a message that we believe in a woman's right to choose for themselves what to do with their bodies. the next item is an item that both supervisor wiener and i have talked about and it's an item want to do a resolution that will be voting on later on today and that is the issue of reparations. [inaudible] with hiv. the

. >> daniel david bernstein. >> andrew berkeley. >> david w.id m. >> david shelby. >> and joseph john. >> william reid. >> edward frank be a bad. >> paul microbes. >> maria. >> peter alexander. >> paul vincent. >> my uncle. we all miss you terribly. >> and my brother james joseph kelly. >> josh with david. >> george john warship. >> chris rumsfeld. >> donald. >> crest of sir joseph blackwell . >> susan blair. >> janice lee delaney. >> credit microbes. >> read them. >> richard miller can. >> michael andrew. >> it john paul. >> michael but chino. >> parent crest of rebel and. >> lawrence francis. >> vincent m. boland jr. but alan pondering don't >> andre been gorgeous nearby. >> : arthur m. >> frank j. >> yvonne loggia. >> bigger senior. >> canfield the buna. >> mary jane both. >> christina. >> jerry j. >> morton michael. >> richard edward. >> and my brother, hero, best friend, sal edwards jr. your memory and my love for you will last forever. the nation mourns along with the families for the victims of september 11th. this day shall be a day of

stock up 3.2%. ,tanford bernstein say the pill risk ofwill reduce the heart failure by 20%.entially is worth $8 billion. we have 20 seconds. goldman sachs, i love goldman sachs. parity bychs calling 2017 on euro-dollar. back to you. >> we are going to talk about london when we come back. ♪ >> welcome back. you are watching "the pulse." we are live from bloomberg's european headquarters in london. these are the bloomberg top headlines. pro-russian rebels have attacked two ukrainian coast guard vessels just hours after eu governments agreed to impose new sanctions on russia if the conflict worsens. the sanctions may target the nation's capital and finance industries. ukraine's president says the two sides are close to a full-scale war. is french prime minister urging more action from the ecb to lower the value of the euro. the german chancellor reportedly called mario draghi after he backed public investment programs to spur the european economy. a german magazine says that she wanted to know the ecb has changed its course on austerity. sending antitank weapons and assault rif

the city of washington, white house and capital building and then finish with a paper by andrew bernstein and nancy eisenberg, which is a retrospective view of madison and the constitution that will reflect adaptability and great persuasion mad sentence had. an interesting capstone to two days of i think what we all can agree has been just a tremendous group of presentations. so the first speaker that will be coming up this afternoon is kenneth r. bowling. kenneth received his phd from the university of wisconsin. his specialty is the creation of the -- is all about the creation of the federal government during the revolution. he's been very active and interested in particularly researching the seat of government. he's been the author of many book and articles. throughout most of his professional life, he's been the co-editor of documentary history of first federal congress. i do want to say one thing about one of his books, which i think is a real classic now, that's the creation of washington, d.c., which is published back in 1991. if anybody wants to know about behind the scenes and pr

and bernstein calls it a game changer.wk box" will be right back from the clinton global niche ty. hi! can i help you? i'm looking for a phone plan. it has to be a great one, and i don't compromise. ok, how about 10 gigs of data to share, unlimited talk and text, and you can choose from 2 to 10 lines. wow, sounds like a great deal. so i'm getting exactly what i want, then? appears so. now, um, i'm not too sure what to do with my arms right now 'cause this is when i usually start throwing things. oh, that's terrifying at&t's best-ever pricing. 2-10 lines, 10 gigs of truly shareable data, unlimited talk and text, starting at $130 a month. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. whenwork with equity experts who work with regional experts that's when expertise happens. mfs. because there is no expertise without collaboration. >>> welcome bac

and woodward and bernstein. it would destroy his credibility. and so, i quit. i took the job at cbs which i did not want to do. i did not want to move to new york. i had a boyfriend in new york. someone i cared about very much. but by that time i was in love with ben. i realized i had no choice. i did quit. after i quit and moved to new york, i told him i was in love with him. we ended up together. he immediately left his wife. they had been estranged for several years. it was ok. but it was too much at stake for us to be together while he was going through watergate and still married. >> given the fact you had such a strong reaction on your column on suffering, what would you tell people about dementia that might help them deal with it? >> sandra day o'connor's husband, john, had it and she ended up putting him in a nursing home in arizona. everybody has his or her own way of dealing with this. sandra was a great friend of my parents. about a year ago, i saw her at a reception and i said i want to just ask you about this. we went off and she put her hands on m

diplomacy center staff led by kathy johnson for their ongoing advocacy -- bernstein for cochairing the ambassadors' program, and to the many individuals, foundations, corporations and foreign government partners whose generous support have brought us to this day. your donations to the center will make it possible for the american people, as well as visitors from around the world, to learn about the history, the achievements and the varied, vibrant and often dangerous work of american diplomacy, all of which would not be possible without the men and women of the diplomatic corps who advance and defend america's national interests and promote our founding values. edward r. murrow, a renowned journalist and a former usia director, spoke of diplomacy this way, and i quote: the crucial link in international exchange is the last three feet, bridged by personal contact; one person talking to another. that is what our diplomats around the world do each and every day, engaging their adversaries as well as their friends, diffusing conflict, forging international coalitions to combat the scourge

. >> reporter: the bernsteins returned to a heap of ash and rubble but they got out alive. >> i'm justad nobody got hurt. >> reporter: 6,000 firefighters across the state are battling heat and flame. in all, 87,000 acres burned this year. with the herculean task ahead, no creature is too small. this firefighter found this cat hiding in a closet of a house on fire. >> he was scared, shaking but seemed to be in good condition, breathing fine and moving around like crazy. >> reporter: something to give back at least one resident who is coming home to nothing else. while it looks like the fire is out here, it's still burning potentially in roots underground. >> we don't want anything to throw an ember, get up in the wind and be cast across the line and start another fire. >> reporter: a battle that won't end here. jennifer bjorkland, nbc news, weed, california. >>> environmental officials in northern california are accusing a nudist resort of stealing water during the state's historic drought. rangers say the lodge near los gatos was illegally taking water from the nearby water fall. the c

bernstein. very, very nicely done. he said the heavy rain went north of him. air. now downtown is still quiet. live michael and son weather cam. there's sunshine downtown and also 94. that's keeping it hot. dew points in the low 70s. miserable. winds out of the south at 11. so here's a look at the radar over the past two hours. widen it out. that includes fairfax, the district, and prince georges county and points north. again until 10:00. this was the shelf cloud. it moved through frederic. but that is the storm right there. you saw the picture of a few minutes ago and what a storm it was. it has weakened a little bit. some moderate to light rain in frederic. heavier rain down 270 just north of germantown. not far from clarks burg. looking at good rain fall right along the border of montgomery county and frederic county. just to the -- go 108, 109. south, you see the rain there. don't see any hail with it. this is going to move off to the east now. headed toward latensville. this storm is just popped up. back to the southwest around front royal and south of u

bernstein prime minister a target of 450 on these guys, dan. i think that's a reasonable target for it, believe it north given it's in the mid-300s gets to those mid-400s. and the bips, i think it's up 200 bips they think is what gross margins are going to be up. another positive. lastly i think that that fire phone was kind of a big nothing, dan, and i don't think it cost them that much but it put them in the press. >> listen, doc, you maked so good points. i would say this. fire phone ultimately when they can't compete they're going to keep it out there. i don't think that's a good idea. the company is growing at 20% a clip. they don't make any money of those sales and that's the real issue. i'm not talking about it from a valuation standpoint. right now is from a send meant point. investors have turned their minds about the dpaep and about the stock. listen, i'm a very happy customer. i wouldn't be a happy investor. the last time they've done it they've been disappointed. i think sent meant has shifted. i don't think that is great news eithe

i'm joined by jared bernstein and larry kudlow. welcome to you both.nk treasury is highly likely to move, highly likely to do so in the relatively near future, perhaps in the next couple of weeks and i think that they will probably be pretty effective in reducing the incentive to invert. buy themselves without legislation can't stop invers ares, the proportion of shares that must be owned by new investors are but they can make precisely the kinds of moves that you mentioned, earnings strippingsi stripping and hopscotching, you bring back your deferred earnings to avoid taxtaxation, lot less profitable and dampen the incentive to invert pretty significantly. >> by the way, larry, another dampening move potentially could be if people start to for example, boycott burger king or other companies pursuing this. should anybody be doing that and what do you think about the moves from treasury stopping the practice all together? >> i don't have much to say about not going into a burger king. i mean, i think that's about the stupidest thing in the world. it's n

joining me, contributing editor of boston magazine, david bernstein.hanks for taking a few minutes. that's the million dollar question with martha coakley. i guess two questions, one involves the primary, one involves the general election. tell us about the primary on tuesday, she leads in the polls. do you think she's going to win this primary on tuesday? >> it certainly looks very good for her. thanks for having me on, steve. it looks very good -- i made the comment a year ago that the course of this election would be does ma that coakley blow it in the primary, does she blow it in the general or does she not blow it or actually get' healthed governor. that's what she's been watching to see. she hasn't fumbled the ball yet. she's been solid. it's been an interesting thing because she's so well known in the commonwealth. something like 97% name recognition before this race even started which is amazing for someone who is not in a major top office. people have very strong opinionses of her and a lot of those, especially within the democratic party here

toni sacconaghi joining us today from sanford bernstein. >>> has tim cook stepped out of steve jobs shadow. welcome once again. >> good morning. >> you call it a masterpiece of a presentation, brimming with confidence. you say that cook is finally getting apple moving forward again in a big way. what pushed you to say that? >> well, i mean, you were there, i think, a couple things. first of all, the tone and nature of the presentation was really jobsian for the fist time since cook took over as ceo in 2011. it was just crackling in there and he even used the one more thing line of steve jobs which he hasn't done before. and then just talking to senior executives. my sense is their morale, their personal feelings about where the company is going very different than a year ago. so that's one thing. the other thing i can't remember, and i've been going to these for many years, carl, i can't remember them entering two new categories at once. that takes confidence. >> cook told "usa today" we've all been waiting for it this day for a long time. it felt so great. that coupled with comments that

. >> deep thoughts from howard bernstein. >> cbs this morning is next withed dedication to preservation. -- with the dedication to preservation. >> meet a woman trying to save a bird species. >> that guy over there and i will be back in 25 minutes with traffic and weather. >> don't forget wusa9.com, facebook and twitter m tweeting out beautiful pictures from this morning. >> we'll be back at noon. >> take care, everybody. see you tomorrow. >> bye-bye. were you eating smoked sausage in here? no! could have gotten me one. i did. grab a spicy smoked sausage breakfast sandwich. it's the smoked sausage you crave, now spicy. >>> good rnmoing. it's wednesday, september 3rd 2014. welcome to "cbs this morning." justice will be served. the vow this morning from president obama after the second isis execution of an american. >> the president also takes aim at russia as there's word this morning of a possible cease-fire in ukraine. >>> plus a potentially massive

steve bernstein, the ceo of cynopak solutions and services, he used to be head of asia fixed incomes. fox business. his office, you guys, is smack in the middle of those protests. in fact, on the phone he told us i'm literally at ground zero of these protests. he's going to give us that eye in the sky perfect vision type of situation that we really need from a smart businessman about what's really going on there and whether it can cause more spreading, more creep over here to affect the markets. you can see what's happening at the moment. steve will be with us live. if you want that exact, perfect explanation of what he sees going on, he is the one, and siri, watch out. melissa, i know you'll love this one. we have ivy league siri, okay? her maim is amelia. she's new artificial intelligence just being unveiled today. her name, amelia, comes from the company ip software. we've got the president and ceo. this will be the first demonstration of amelia, okay? wait until you see what she can do. she is super smart, and she can also understand emotions and vagaries. so you know we say, siri

bernstein upped its price on the stock. froms 3ds 60 to $450 a share.mazon up 2 2/3% intraday. >>> when we come back, free music. no advertisements. what's the catch? we'll ask the head of rdio about its new ad-free service. >>> and shares slipping. beating expectation. talking about this in a few moments and a good look at the future of samsung yesterday with a curved phone, the virtual reality headset. what do they actually look like in person? is it really that hard to use if you're a lefty? a live demo for you right here on set, right here on "squawk alley." latte or au lait? cozy or cool? exactly the way you want it ... until boom, it's bedtime! your mattress is a battleground of thwarted desire. enter the sleep number bed. right now, all beds are on sale. he's the softy. his sleep number setting is 35. you're the rock, at 60. and snoring? sleep number's even got an adjustment for that. you can only find sleep number at a sleep number store. head in for the final days of the biggest sale of the year. all beds on sale, with mattresses starting at $5

what does steve bernstein see now?he ran oppenheimer asia, he was at solomon asia, he is our eye in the sky there, and he has a different perspective today. you will hear it because if this area turns into a a hot spot, it could very much affect your money and the financial markets. now, let's talk about getting an eye in the sky true picture from a drone company, and this is fascinating, melissa, we've got the drone company that actually has a tether to it that can enable it to fly from your pocket -- it's that small -- out and above dangerous areas. it's called the extreme axis pocket player, and we've got the sci-fi ceo. helen graynor is with us live, plus we are watching these markets every step of the way. see you top of the hour. melissa: liz, thanks so much. from the u.s. to every corner of the globe, money is flying around the world today starting in spain where one notable separatist movement could be going adios, catalonia's vote for independence has been suspended, still determining whether it violates the c

here to talk us through it is bernstein. atormer supply chain erector -- director at tesco.t will join the board and cfo on september 23. if i am right, today. he said he was stepping down in april and has been absent for a few weeks. good news, isn't it? >> it is. and in on cfo acceptable situation, almost. an unacceptable situation, almost. >> perhaps tesco had been recognizing earlier than they should why suppliers have not been paying. >> you try to build a long-term relationship. transaction. from a supplier view, if you are smaller, you want deeper store distribution. and it iss more money a give and take relationship. normally, give and take are never quite at the same time in a relationship. grows, it allat averages out. tesco has been declining for 3-4 years in a row. the pressure on people to bring in money gets out of hand. therelationship between supplier and the retailer has a greystone and a bit of a judgment. it has gotten out of whack, in tesco's case. >> they overstated earnings estimates and you scratch your head. it is the same rationale that was in the fi

bernstein is raising its price target to $450, saying they think amazon still has a number of categories where they can expand. amazon you can see there today up about 2.25%. sue? >> i'll take it there, bertha. >>> two girls and a giant shark and a story they will carry forever in their own dramatic words next. >>> and are you ready for some football? the 2014 nfl season, if you hadn't heard, it kicks off tonight on our sister channel, nbc. fans will get to experience the game like they never have before. >>> plus he's 6'2" in real life but teeny tiny in the new madden nfl 15 game. we'll tell you what's going on. and -- >> the city featured in today's powerhouse is the largest u.s. metro area without a zoo. michael jordan has a home here. and it hosts bank of america's headquarters. can you name that city? tdd# 1-800-345-2550 we can help you decide what to do. tdd# 1-800-345-2550 with tools that help you see market activity tdd# 1-800-345-2550 is affecting your positions. tdd# 1-800-345-2550 so when the time comes to decide whether tdd# 1-800-345-2550 to scale in or scale out... tdd# 1-8