global health at cgi, let's talk about -- you make some really important points. kicking off the session with the fact that more than 70 million children will not see the inside of a primary classroom, and many won't continue on to secondary school. and so many global health issues the world faces. what can corporate america do in particular? >> well, first, let's first on the education issue, on how inexpensive it would be to put a lot of these young kids in school. when i was in my last year, we allocated $300 million of your money, tax money, to give to poor countries to feed children that were poor. if the kids would come to school to get the meal. that program's still in place. that $300 million increased school enrollment by 6 million. 50 bucks a kid. that's how much just the inducement of a good meal every day got people to school. now, i don't want to oversimplify this. you also had to have school facilities, you had to have a teacher, you need some learning materials. but the point is, it doesn't cost a lot of money in a lot of these poor countries. secon

can you tell us about the commitment you've made at cgi? >> we've made a commitment to make sure that we put financial literacy programs out to as many individuals as we possibly can. it's impossible to electronicize the money transfer without having people understand how to use it. so i think it's essential to the development of the economies around the world in the long run. the. >> absolutely. so give us your sense of where we are in terms of spending money right now, and the consumer activity out there. we're all talking about a recovery that has been muted so far. recession, recovery, whatever you want to call it. what do you see in the landscape today? >> consumers are doing things, they're using debit cards more frequently but spending less money than they did. i think when you look at what's off, it's luxury hotels, airplane travel, high-end restaurants. what's exploding are sales at mcdonald's, or purchases at walmart. people are simply spending less than they did. >> so they're looking for value. >> they're looking for value. >> f

>> coitments are the stock and trade of this weeat e cgi in new york.anthey can be rlly big things ke adding zinc and iron to packageood to improve the nritional val of foods sold t ople in the veloping rld or ensurin millions of the poorest farme in the world in aay that they've never been able be insured befre. ainst crop losses. gainst the loss of life. and theihealth. but also emphasizing small things. develing models for buildings that can be built easilynd cheaply and stll energy efficien over the years, the clinton global itiative claims that 's put together commitments, deals, promises total $46 billion to improve the alth, the sustainability, and the daily lives of mlions of the pooresteople in the earth. 46 million dolls as i said. and jst today pegasus capial advisors announced a deal five ars, $2illion to help build eco-friendly housing. >> woodruff: buas you say, they are on commitments hodoes he get people to ulfill these obligations. how do ey monitor this and by t way, he himself had to demonstrate some accountility last yearr earlier ts

. >> global health at cgi kicking off the session with the fact that more than 70 million children willn and 26 million won't continue on to secondary school and add to that so many global health issues that the world faces. what kind of progress can be made and what can corporate america do in particular? >> when i was in my last year we allocated $100 million dollars of your tax moneys to give to poor countries to feed children who were poor if kids would come to school to get the meal. that program is still in place. that $300 million increased school enrollment by 6 million. $50 a kid. that is how much just the inducement of a good meal everyday got people to school. if you think about them as future customers and future employees, every year of schooling in a country where a per capita income under $2/day adds 10% to earnings every year for life. >>> on tuesday the clinton global initiative begins in new york. my thanks to former president bill clinton. coming up next on the "wall street journal report," a look at what will have an impact on your money, and a potential bright spot

it's a really cool cgi effect, and it stars playboy playmate irina voronina. [ cheers and applause ]ight. it was a big week for the film industry. we had the oscar nominations, the sundance film festival, so i thought, "why not check in with our old friend matt mcconaughey live from park city, utah?" matt!from park city, utah?" there he is. >> buenos buenos, spike. greetings from sundance, where it's all right, all right, all right. [ laughter ] matthew, aren't you a little cold? shouldn't you put a shirt on? >> no can do, spike.shirt on? my nipples are at double diamond expert hardness. [ laughter ] i could hang my sarape and my sombrero off of 'em. >> all right, fine. let's talk about the festival. i heard the big stars didn't show up this year because they all went to the inauguration. >> oh, not true, spike.ation. just last night i was doing yogalates with topher grace. [ laughter ] and the snapple lady walked right by. >> yeah. so, no stars. what are you doing at sundance? >> well, i'm promoting theance? sequel to "surfer, dude." [ laughter ] >> "surfer, dude" -- i've never hear

he personally donated $1 million toward powered by service here at the cgi. the hopes of the program is that through training of some 5 million kids, they will be able to reach out to 50 million overtime to address global challenge, like hiv/aids, gang violence, and providing access to clean water. real quick on hewlett-packard, headline just coming across on that analyst meeting. company says it's expecting 2010 earnings to be between 4.20 and 4.25 a share. on revenue it says best days are ahead. fiscal 2010 revenue expecting to be $117 million and $11 -- billion, rather, pardon me, billion. versus an estimate of $118. that'll do it for us on "closing bell." see you tomorrow. have a great night. "fast money" is next. thanks for being with us. >>> research in motion shares slammed after hours as revenues come in well below expectations. "the wall street journal" reports a delay in the google book settlement hearing and oil prices slipped to the lowest levels since the end of july. that's cnbc.com "news now." i'm sharon epperson. "fast money" with melissa lee

tell me about the progress the last four years of what you're expecting from this cgi. >> in the first four years, we've had a total of more than 1,400 commitments involving far more than that, thousands of our people, because a lot of people do them together. over a ten-year period, those commitments will be worth $46 billion. and everything from building a clean energy future to alleviating poverty to helping people go to school or college, dealing with the health care challenges, and america around the world, already more than 200 million people in more than 150 countries have had their lives improved in some measurable way by this work. so the idea of bringing people from all walks of life, from all over the world together, to just discuss these things and then come up with a concrete action, and saying to people, we want you to make a commitment and to keep it, turned out to be a magical, simple, powerful thing that has kept us going now through five meetings. we're about to have another one. it looks like it's going to be a success. >> we're coming off the worst recession in a ge

number of world leaders during this week, where so many leaders are here in new york because of the cgi, because of the u.n. general assembly, and they continue to say this recovery is going to be muted at best. where are you seeing this growth that the market is underestimating? >> first we've already seen it in china and the rest of asia. if you look at every economic indicator out there, it looks like a v. we actually think that rapid growth phase is ending. in other words, you're going to see countries like korea slow down a bit. above-trend growth seen in europe now. the next place, believe it or not, is the u.s. the u.s. for the rest of this year is going to look much more like a normal recovery. >> i want to talk about the u.s. first i've got to get your take on europe here. because we did see positive gdp readings in both france and germany. >> right. >> a lot of people have come on the show and they're questioning how sustainable that really is. when you were on the ground in europe, when you were on the ground in france and germany, do you really feel like things have turned?

we talked about everything from the upcoming cgi to the economic landscape as well as president obama's health care plan. recent comments by president carter, and the federal deficit, as well as president clinton's recent trip to north korea. that's tomorrow and monday on "closing bell." >>> up next, a one-on-one with broad foundation founder, eli broad. where he thinks we're at in this economic cycle. if he thinks president obama is on the right path, when it comes to reforming the american education position. which eli broad has been focused on for many years. >>> a look at the major growth story of the day and of the year, shares of badu.com up 200% in 2009. pretty sweet return. we'll talk to the boss, the ceo joins me about what's behind the big rally. his competition with google, where he sees future growth. you're watching cnbc, we're you're watching cnbc, we're first in business worldwide. >>> welcome back. president obama has made education a top priority since the start of his administration. but now he's faced with a variety of policy changes on the health care and financial c

of pgi and ed hughes, the deputy director of cgi for their excellent work.e of you are raw wear that last week president clinton and i were in new york together and having lunch in a small italian restaurant, and we talked about the economy and we talked about healthcare. we talked about pressing global challenges, and then he said to me, will you pass the parmesan? and then he said to me would you speak to our annual meeting? i think everyone knows what it's like when bill clinton asks you to make a commitment. he looks you in the eye and he feels your pain, he makes you feel like you're the only person in the room. what could i say? i was vulnerable just as all of you have been vulnerable to his charms. so i'm happy to be here and be honored by the invitation and i have always honored president clinton's valuable advice and i do understand that the president has been having trouble getting hold of my secretary of state lately, but i hope he doesn't mind, because hillary clinton is doing an outstanding job for this nation. we are so proud of her. [applause]

. >> what is it you've bn able to measure in terms of the progress from cgi? >> well, we know that in areas of health, education, better environment through fighting climate change and improving access to clean water and increasing people's livelihoods, primarily true through microcredit and modest investments in ag cultural that 250 people in 150 countries have had an improvement in their quality of life. 48 million people with access to better health care. 33 million people with access to various kinds of educational advances. millions ask mi -- and millionsf people getting micro-credit loans. we can measure all that. we also know that in doing this, we've helped to strengthen what's called the civil society movement around the world. that is, we helped to partner with governments, philanthropists, big foundations like the gates foundation, and small non-governmental groups all across the world to create more citizen power, and it's really important in the womens and girls issues. we believe that by doing this, we're not only doing these specific things -- y

first, your role at cgi. president clinton spoke about the need for health care development in countries. how can wellpoint further that? >> wellpoint really has a lot to offer that i don't think everyone realizes. for example, we're really getting to this access to affordable quality care in ways that i think are going to be important worldwide. so, for example, we get to tell a medicine, we get our rural members access to health care from urban health care centers. we're innovating around how to ingau ingauge our members. care cen n innovating. i think we have a really important role to play and i'm exciting to be here. >> let me get your sense of what's happening on the national debate over health care reform. we have seen really a country divided over reform. what do you think the reform should look like? >> i think it's really important that we get back to a discussion about health care reform. i think the decision has pivoted somewhat to just focussing on health insurance market reform. while we were th

tries to provide the idea of taxing gasoline, is that an idea that is gaining traction at places like cgie as operational ideas like that melting into the mainstream? >> i think a lot of our people would probably support it. but if you did it now with this economy the way it is -- keep in mind, even before the financial collapse a year ago this week, september 15th, 2008, even before then, the average american median income after inflation was $2,000 lore in september of 2008 before the collapse than it was the day i left office. so when health care cost doubled, cost up 5%. it's not that i love the column, real men tax gas. i think how he proposed to divide the money is not politically palatable today. i think if you had a gas tax today, you would have to rebate the money from the median on down. you have to realize most americans are having a heck of a hard time paying their bill. the unemployment rate is still crushingly high, underemployment rate is high. i think if we did it in a way that gave the money back to people -- by the way, sweden did this in 1991 with carbon. proposed a tax