what is cgi? who are they? >> cgi is interesting. cgi federal is based in fairfax, virginia.are a very major sub contractor and contractor of the u.s. government. they basically are a technology company that does the plumbing on all kinds of wonky complex owned in turn by cgi group, which is based in montreal, so it is a canadian company. they're a huge technology company. they're probably the biggest and right now most important company you've never heard of. >> how are they doing financially? i saw one part of your story suggested they're getting shorted a lot which is never a good sign when your stock is being shorted. >> typically, when your stock is being shorted people are betting that your stock price is overvalued and the shares are going to fall. but things can turn sour on that if there's a short squeeze. but most people would say that's generally not good news. >> are they getting contracts right now? are they a thriving company? >> they have a lot of legacy contracts that they're working through. they have bids going through on new contracts. they have had, accord

do you think there will be repercussions for cgi, for example, the chief contractor on this project? >> sadly, no, i don't think there will be. you know, the federal government isn't very good at managing accountability with its contractors, and generally, when you have a marketplace that's as dysfunctional as the procurement marketplace, i wouldn't be surprised if cgi federal continues to win contracts. i wouldn't hire them to build my website, but unfortunately, i think the way that the procurement system works now, cgi can do things like sue itself into winning the contract, when the federal government has to select say the lowest bidder and cgi is that lowest bidder, they'll win the bid. >> this will be an interesting story to follow in the future as this plays out. clay johnson from the department of better technology, thank you. joining me is dr. kavita batel, senior adviser to valerie jarrett in the obama administration, a fellow at the brookings institution. how are you feeling today? >> oh, a lot better than about a month ago, chris. >> well, you hit it well when i talked to

cgi won the contract after the president warned the cgi botched the tax website costing hawaii $50 million to fix. hawaii is not alone. oregon's website has never worked despite the state receiving more exchange grant money than any state except california or new york. sign knees are forced to feel out the paper form. even that has been problematic. late this month came the robo calls. >> if you have not heard from december 23rd, it's unlikely your application can be processed. harold received one of those calls. >> the governor should have been apprise of the situation. if he wasn't apprise of the situation, then shame on his aids. and if he was, shame on him for not listening to his aids. >> the director of oregon's exchange is on medical leave. maryland home to democratic governor mark o mali had a bad roll out. hopeful, attorney doug gasker, the object of his wrath, lieutenant governor and front runner anthony brown who's also the chairman of the state panel on the health care roll out. california has been touted as a state exchange success story. >> covered california moving along lar

here is the statement from cgi.d of its track record of delivering profitable growth and as a result returning to shareholders on average 30% in each of the last 15 years as a company focused on long-term value creation, our performance based business model is fully aligned with the interests of our shareholders. cgi the main contractor behind the glitch plate healthcare.gov website is up about 50% so far this year to date. back over to you. >> thanks, dom. >>> our next guest one of silicon valleys top venture capitalists scott, general partner at nea, the largest firm with $13 billion in committed capital and investors in 450 companies that have been sold or taken public, they include eight ipos this year, those so-called rare and coveted unicorn startups, each with billion dollar exits, scott joins us on "power lunch." welcome. a pleasure to have you here. >> thank you very much. great to be with you. >> you have invested in a number of companies that have been extremely successful. but we've seen a run up in the

cgi, the same contractor that set up the federal exchange.ontract was awarded even after the state senate president warned people not to use cgi because they set up the state's tax web site and blew that as well and costed the taxpayers $50 million. >> more than a month after the rollout, only 256 people have signed up on the exchanges. oregon is pretty much similar story. oregon was tabbed as a leader by the obama administration. ed received more federal grant money than any other state except for new york and california. late this month, started getting robocalls. listen to the robocalls. >> if you have not heard from us by december 23rd it is unlikely you can have timely press for january 1stle coverage. >> harold received one of those robocalls and thought he was all covered starting january 1st. listen to what he sass to say about that. >> the governor should have been apprised of the situation. if he wasn't apprised of the situation, then shame on his aides. and if he was, then shame on him for not listening to his aides. >> since the o

in fact reports say that officials are reviewing legal options and halting payments to cgi group that's contractor hired to carry out the rollout. while the administration says the deadline prompted an influx to traffic at healthcare ghealt there are two sides to the story. they have a drop since the rollout of the health insurance program. >> we need to do things to improve healthcare in our country. the affordable care act is not the way to do it. for us to determine where to go from here one would think that congress would have something to say about it. >> in fact there's one poll out this week that showed congressional republicans at an advantage over democrats on the ballot when folks were asked which party they favor in 2014. it is not a good p indicator as far as individual races for the 2014 elections but it can show you how the electorate is leading. >>> president obama swinging budget bills while on vacation in hawaii. one avoids a government shut down but cuts benefits for military retirees. the other a defense bill provide 550 billion for the military plus 80 billion for th

well. >> was a lot of this shot on cgi, or were you actually atop a mountain? you see gandalf on top of a mountain, i was there. there were two months, we drove around new zealand going to amazing places. we were lifted to helicopter to places where people have never been before. when we get back into the studio and do a pickup shot, closeup, they put green screen behind. >> the whole process is so changed from when you first did your first film, i'm sure. >> if you look at gollum, that horrible creecher in the first movie, he looks like something worse than the muppets. >> my first prom date looked a lot like him. >> where is he now? >> prison. he's in prison! ugly story. there's nothing to talk about. how does it feel to be part of something that's such a juggernaut at the box office? fans have just gobbled this series up. >> it is fun to see. we knew from the word go because people had read the books, they were very excited about the idea of a movie. and once the first movies came out -- >> huge. >> we knew whether we were doing "the hobbit" that there were

loser is cgi, who probably built the world's worst website ever for aca.ry did the same thing in massachusetts where we had the equivalent of aca for eight years. a website works perfectly well. 99% of the state signed up cgi tried to accommodate it for aca and messed that up. martha: years from now, mary ann, nobody will remember the name cgi. >> nobody will hire them. martha: people who in washington put this into law the first place. >> fact that the website was such a big problem in the beginning we wouldn't have the political firestorm we're having frankly. martha: go ahead. >> the website failure speaks to a government failure. i think that is something the american people are picking up on. one. winners out of this, frankly is the philosophy that has skepticism of giant government plans. if you look at latest "gallup poll", the highest number ever think that big government is the biggest threat to the country over big business or big labor. 2%. when you get into those type of numbers -- 72%, that is dangerous for big governors liberals that have big

this is, of course, a parody of the van dam ad, which makes use of cgi graphic technology.less, very funny. i guess they are a bit competitive. >>> our young sarah was dying. she needed a lung transplant. her parents had to fight the federal government to get it. the family was successful. this is only the beginning of her journey back. here is jason carol. >> after so much national attention was focused on sarah, we wanted to see how she was doing several months out from her surgery. we found a determined little girl still on that long road to recovery. four months ago, sarah could barely move in her hospital bed without help. after receiving two lung transplants. the surgeries necessary because she was dying from cystic fibrosis. her goal then was very clear. >> i'm not going for easy. >> you're not going for easy? >> i'm just going -- >> one -- >> this is what possible looks like now. sarah at home in her bedroom doing physical therapy with her mother and her home nurse nearby. >> shoulders back. >> reporter: she is walking, thinking about christmas. >> i asked for a --

. >> the washington examiner, our richard pollack reported on cgi, that is the company we're talking about, reported on their tremendously bad record of performance as a government contractor. about two months ago and, you look at what they did before they got this contract and all the mistakes they made and all the contracts that they had canceled because they couldn't perform them. , one of the great mysteries why did cgi get the main contract to build healthcare.gov? we still don't know the answer to that question. harris: what massachusetts and vermont are talking about doing you're alluding to is not paying the bills of cgi invoices coming in until they fix the problems because they really need to recoup some of the tax dollars people put into those websites. >> also complicating that particular situation is of course the low number of people enrolling at this point. there is no way to know whether the system is going to be financially self-sustaining. the odds are it is not going to be. that forces government officials now to start thinking where will we find the money to pay f

the state senate fpresident waed them not to use cgi.rage through the state exchange. oregon story similar. people signed up and thought they were going to get subsidized coverage started getting robocalls. >> reporter: those calls came after governor had assured state residents that they would have insurance coverage beginning on january 1st. the governor should aprised of the situation. and if he was then shame on him for not listening to his aids. >> oregon has not been able to enroll anybody electronically. all of those are happening via paper. >> we are seeing one of our first democrat on democrat feuds over the botched roll out in the deep blue state of maryland are we not? >> we are indeed. one of the people who was running for governor fired this off. he said that the roll out in maryland was akin to a saturday night live skit. he was the front-runner to the campaign there. he headed the state panel on health care. fewer than 4,000 people have signed up in that blue state as of the beginning of the month of december. a lot of tro

down to remain there after an attack on an investigative journalist opposition activist and journalist cgi mature mobile would be no pie on non attackers of december twenty pip just hours after she posted pictures of the interior minister's all appealing to residents on our lot. that thirty four year old from an activist quizzed giving speeches at least in anti government protests told police her car was stopped by a vehicle just after midnight a group of unidentified men got out to pembroke to rip into her car. john noble was left with a broken nose concussion and numerous present. anti government protesters in kiev say they will not leave the square now until their demands which include the resignation of president viktor yanukovich on that kid has been gripped by street protests since late november when deanna coaches government refused to sign an association agreement with the european union weekend or l a chapter on hundreds of thousands of people the gypsy trimmed oakland has formally to the muslim brotherhood a organization this means the entire group's activities including financin

he most recently -- cgi group. what are some of his big ideas now.t the banking system in china? joining us exclusively from the jail conference in midtown manhattan, jim chanos. great to have you with us. >> hi, kelly, how are you? >> we're hanging in there. i'm a it wilittle bit concernedt china. while everyone is focusing on the fed's taper there's a story coming out of china that they should really be concerned about. >> exactly. while everyone was focused on ben bernanke and his exit and tapering and dovish language, we've had a bit of a banking crisis brew up all over again in china this week. there were reports of a major coal company defaulting on huge amount of loans. and then more importantly, a major bank admitted that back in june it had missed overnight interbank payments. that got the market skittish again this week. rates have skyrocketed. overnight the people's bank of china injected some money into the system to calm these fears down. but it just seems like we're going through this now every three to six months in china. >> jim, peop

and was not able to knit together all the various contractors and the key contractor in the middle, cgi, clearly it seems it was not up to the task of really bringing all of these pieces together. everyone said it was a complicated process. but clearly they underestimated just how complicated it was going to be. >> i remember sitting here with you in late september and saying a lot has to go right. it seems like almost nothing did. >> almost nothing did, pretty much. essentially initially the problem was the front door. people just couldn't get into the system. now we have to talk about the problems on the backdoor, the back end, the processing of those applications, the processing of the payments which the insurers making all of that infrastructure work well. last week they named a former microsoft office executive, so he brings both the engineering chops and the management chops because there's still a lot to do to get the whole thing seamless. >> so do you think it could r recover from this whole mess? >> i think it's really going to impact enrollment. all of the bad headlines, even

massachusetts announced they are withholding all future payments to cgi. they could not be reached for comment, but previously said they are working to repair the problems. duvall patrick. >> there is no denying the performance of the it vendor. the main event is making sure they do everything they can and make sure that happens. >> those three states with troubled websites have an estimated million people that might qualify for coverage. officials in oregon tell us they hope to announce a working shop and purchase website in the first two weeks of january. >> thank you very much. a safety net for jobless americans is about to vanish. the federal government's five-year program of extended benefits will run out tomorrow. congress could not keep it going. a major is in washington where he will host face the nation. good morning to you. >> good morning. >> how many americans affect this exchange? >> this will hit about 1.3 million americans. those hardest hit by the great recession and those we call chronically unemployed. jobless for more than six months. th

according to "the washington executives from the has had cgi federal, instances of mishandling at least 20 other projects. couples rushed to get married ruled in favor of same-sex marriage. on sunday, an appeals court rejected a bid by the state to immediately halt weddings. the case is due back in court today. workersork, domestic and their advocates rallied across the indian consulate to protest and diplomats treatment of her housekeeper. the arrest of devyani khobragade , the indian counsel general in afterrk, created a spat complaints of how she was treated. >> we think people have lost sight of the root cause of the situation. , domestic worker was exploited and she was not treated in a way that any other employee or staff member would be treated. instead, she was treated as a piece of property. we are hoping that coming out here today we can change the conversation and have people focus more on the domestic worker and what she went through and push for justice to be served. has beeni khobragade transferred to a different post with united nations. canada has struck down restriction

exchanges between the officials at cms and the contractor, cgi, show the administration as i just saidll business exchange, they knew it wasn't going to be ready, but as you suggest refused to let anybody knowas until effectively the last minute. >> well the good news at least is the small business exchange can be delayed without, they delayed, delayed it and it won disrupts much insurance market for people who work for small business. the problem is, they should have done the same thing for the individual market exchange because thatg exchange hasn't been ready either. delayed that exchange for a year, we wouldn't see massive disruptions in that market we're seeing today.% lou: the idea thaa this administrationhi is watching the number of sign-ups and i won't call them enrollmts. insurance sign-ups but let's call them sign-ups for medicaid, outpacing thosel for obamacaret a ridiculous rate. they have inverted the ratioed they sought and then some. we're looking at prospects according to some authorities, $17 trillion in unfunded liabilities because of unintended, massive expansion of

cgi, you know that name, it set up healthcare.gov.arded the contract, cgi had botched hawaii's state tax system web site. more than a month after the rollout here, only 257 people got coverage through the state exchange. oregon's story is very similar to that. late this month oregonians who signed up for that state's health care exchange began receiving robocalls informing them that the health care they thought they would have starting january 1st might not be there after all. here's a little bit of one of those row with ocalls -- robo tocalls. >> if you have not heard from us by december 23rd, a petition can be processed for january 1st insurance coverage. >> reporter: yet the governor had assured state rends their -- residents their subsidized health coverage would be up and running by january 1st. this man got one of those calls. listen up. >> the governor, you know, should have been apprised of the situation. if he wasn't apprised of the situation, then shame on his aides. and if he was, then shame on him for not listening to his

" they used cgi to put the actors face into the film and use him for the other scenes. do you do that here? the technology would be vastly better than ever before. you could probably pull it off but no word on what they will do. dagen: the studio has to grapple with how his cast members deal with it because it is so raw and so fresh and in middle of filming it and it has a scheduled release date. dennis: they were supposed to be shooting on monday when this horrible accident happened. you have had other films get interrupted in the middle of shooting, that film never came out. dagen: heath ledger was another film, same situation. dennis: they used for different actors to play the parts he had left to shoot. connell: how far along are they? dennis: halfway. you cannot afford a franchise like this with $100 million plus production budget, do you just write it off? it isn't as if you just lost the key star. dagen: the way in which he died in the whole nature of the film franchise, overlap. dennis: life imitating art. was he dragracing. the other guy was driving this porsch

the contractor who built the web site is cgi, the same contractor that built in the national web site the fact that the president of the state senate in hawai'i urged hawaiians to reject that contractor because they set up the contractor to build the state's tax web site and they blew it, costing taxpayers in hawai'i $50 million. oregon's story. not too dissimilar. oregon tabbed as a leader by the obama administration so they got more money to set up the state exchange than any state in the union except new york and california. late this month, since they set up the exchange, people who signed up for the exchanges in oregon started getting robocalls. here's one. >> if you have not purchased insurance by december 23rd it unlikely your application can be processed for january 1st january 1st coverage. >> a lot of people cannot be assured they're going to have health coverage come january 1st. harold stanton is one of those people. listen up. >> the governor should have been apprised of the situation. if he wasn't apprised of the situation, then shame on his aides. and if he was, then sh

they have used cgi technology to actually put walker's face onto somebody else's body.an they do that? is it deemed to be just too distasteful for that reason? is there an argument against it? >> i don't think there is any argument of using graphics to put heads on bodies. but you really couldn't do that for the rest of the movie. he had many key scenes that still had to be shot. so you can't take his face, right, that is who he is. and i think the -- the conversation really is, are you trying to force the story into -- to fit the circumstances of real life? and so what they're really looking at it, and by the way, i should add that the cost is not really a factor here because they are covered by insurance for an event like this. so they really have the flexibility to sit back and say what is the best thing for this story, for this major franchise they're going to have to try to protect. >> the other big movie hit by this event, beyond its control, was the mandela movie, a harvey weinstein movie. it was again, a tricky situation, for harvey and his company, as to how yo

it's not like a cgi tank. >> this guy actually got into a video and actually crushed a car on an actualeet in vilnius. but everything about it i suspect is just completely staged. >> that is correct. there's no trickery or special effects, but the smashing of the mercedes is a setup. but why? in vilnius, lithuania, wealthy citizens flout the law and park their luxury automobiles wherever they want. >> i could see fancy cars parked in bike lane, for example. and i don't like that. if you are wealthy and you own big and expensive cars, this doesn't mean you have more rights in the city. >> these scofflaws are fined, but it doesn't dissuade them from breaking the law. >> it's quite cheap in lithuania. the first fine will be $5. the second will be much bigger. and the third one just could be $200, $300. >> mayor zuokas decides to take matters into his own hands. he comes up with a plan he thinks will have a bigger impact than fines. >> my idea was to create a kind of provocation or social campaign just to start to talk about illegal parking. >> that campaign comes in the form of a youtube v

to get i here in the last minute we have left because there are e-mails that go back and forth, and cgi ready. this is the small business exchange part of the whole thing. and they said they needed six more weeks, and a cms official says, can we sign this in blood? so, they were worried, you know? they said, are you serious? are you really going to be better in six weeks? and it's interesting that the president says, you know, nobody told me, and this is going back and forth between these two entities. >> look, i hate to pile on, but you think about it, the president has always said nobody tells me about whatever comes out in his administration. i wonder if he actually even talks to anybody in his administration. but yeah, this, obviously, they were worried. they should have been worried, but they should have told congress! you know, when you have a $500 million website that at the end of the day is going to be $1 billion, i mean, there's some outrage there that the american people -- we're so fast and loose with money in washington, d.c., that $1 billion doesn't seem like much, but tha

. >> the front page of the "washington post" talking about the aca and one of the implementers, cgi,ho was the lead organization. and in that article they remark that 20 of the -- excuse me, some of the executives were involved in 20 other projects with the federal government that did not go off well. does this vetting process for these outsourcing organizations, businesses, does that concern you? >> overall i think the government can always be made more efficient and there's going to be lessons we can learn from the flawed rollout of the affordable care act and the individuals that are involved. i expect congress will take a look at that moving forward. we should do that in a bipartisan way. not designed to kill the affordable care act but designed to improve the efficiency of government moving forward. >> i want to play a little sound here from senator coburn and what he had to say about the deficit and i want to talk to you and get your reaction about the budget right now. >> the reason we're in trouble on deficits and debts is not because we didn't agree, but because we did. so w

have seen situations where cast members die and studios have to resort to doing things like going into cgind using special effects. they're going to have to figure out a respectful way to explain his character's absence. >> i don't know what's going to happen with the film right now. i mean, we're almost done with the film but we're not even thinking about that. we're just thinking about him right now, his family. >> reporter: heath ledger was posthumously awarded an oscar for his role in "the dark knight" which hit theaters six months after his death. when ledger accidentally overdosed in 2008, his next film was still in production. to complete that film, not one but three of ledger's contemporaries, colin farrell, johnny depp and jude law, stepped intoersions of his character. with so much money at stake, it's not surprising that studios strive to complete productions. oliver reed's character in "gladiator" was originally supposed to survive the plot, however, when the actor suffered a heart attack before his final scenes, producers used a body double to reflect his character's demise. >

cgi was the contractor. and they were said not to hirethem because they botched a website.y 257 people have coverage from the exchange. oregon's story is similar. a lot of people that signed up began receiving robo calls: >> if you have nut heard from us 23ered it is unlikely your paperwork is going to be processed for january 1st coverage >> that after the governor said they would be receiving their service on january 1st. herald stanton is one of those people that received a call. >> the governor should have been aprized of the situation and if he wasn't shame on his aids. and if he was shame on him for not listening to them. >> oregon hasn't been able to sign up anybody electriconica y electriconically. >> maybe it is a sign of things to come. in the blue state of mary land are we seeing our first democrat on democrat feud on the glitches of the obamacare website? >> we are. doug who is running for the governor in the state he called the state's rollout like a skit out of saturday night live. fewer than 4,000 people in the state of mary land have signed up. he is a democ

it was half a second's worth of cgi on the exhaust box between the two 60-second sequences. >> it's beautiful to watch. i'd definitely forward this to other people. like check this out. they did it and can you believe it? that's the reaction i had. i know other people would. >> viral videos continue to amaze, enthrall, and entertain us. sometimes they even fool us. if you were tricked by one of the videos you just saw, don't worry. they even get me sometimes. i'm contessa brewer. that's all for this edition of "caught on camera." >>> massive industrial accidents lead to unbelievable explosions. >> we just had a huge explosion. >> gas leaks leveled buildings. >> it was the biggest explosion i had ever seen. >> gas stations erupt into infernoes. and rescue workers put it all on the line. >> it was the closest call i've had. >> dire circumstances. >> i'm thinking there's no way somebody's going to live through that. >> disaster, heroism, survival. >> i can't believe i'm alive. >> you won't believe your eyes. >> boom! it went up.

cgi group is behind the glitched health care.gov web site. we are waiting for comment.ou, carl. >> moving the market yet again. >>> a sign of the times. a customer at a seattle cafe was asked to leave after refusing to remove his google glasses and abide by the restaurant's no google glass policy. joining us this morning is the owner of that restaurant, david mi minert. david, great to have you with us. good morning. >> good morning. thanks. >> for those not familiar with what exactly happened at the restaurant, can you just tell the story? >> yeah, sure. a customer came in and he was wearing google glass. one of our waitresses asked him to take them off, and he refused. then he was asked to leave. he threw a big fit, almost knocked over a table and left. then went on a facebook rant about it. >> and eventually wrote a review on yelp and the whole nine yards. you had already had a policy of no glass at another restaurant, is that right? >> yeah. i had banned google glass from the five point cafe earlier in the year which got a big reaction. >> you've said that part of t

the nineteen ninety when cgi script can be changed everything. i doubt the week at the station nineteen ninety three nino at two dollars senior scientist than halved addition to the play all the stations before bailey as best as quick bite to just quit. so we could pray the stations in nineteen ninety three its anti jazz critic early nineteen ninety nine. so we become happened last time and save. kate said this the scripts they not in the water and solid exactly would that impact with a lot of matches to taiwan in east with a lot. set up was that many feel sorry up by this tragedy hopping but to just crank customers and our finale to the fear that the kiddos inning saturday the like. walk like you all watch elijah to two more new and is to mitigate got six new houses to sell to two about scientific point of view. celtic is at stake in the sec which brain dead last video but they packed with a lot to learn his band present this as cracks. bring the mayhem of taiwan to the lot. nbc's lead us to study in taiwan the kind that are invisible. mandela's

and cgi, the company hired to do it. what do you think about this inspector general idea. >> there is a need for a thorough investigation to what happened. lots of taxpayer money was spent on the website. $600 million paid for by the taxpayer. it is not functioning to what the specifications were at the beginning. they delayed whole chunks of this. there is a lot of reasons to look into why was this a mismanaged process. i would support having an independents investigation. it went beyond the inspector yearn. the government accountability office should be looking into this as well. >> reporter: the senate democrats are unhappy, several of whom have trying to get re-elect. they are saying the white house has not produced enough change to satisfy us to have us talk to our constituents and say it's going to get better. what's your long term and near storm outlook for this thing? >> nobody really knows. but i think the democratic senators are reflecting pretty well the vaws of their constituents. some of them are able to get

. >> used, obviously, a little cgi help there.the lights. >> the soldiers were on his head. >> clearly. >>> finally, now's your chance to maybe purchase some amazing hollywood memorabilia. george, christmas idea? the auction house is selling, among other things, the lifeboat from "titanic," used to rescue rose. expected to go around $40,000. indy's whip from "indiana jones and the last crusade." $12,000 to $15,000. the dress worn by judy garland during wardrobe tests for "the wizard of oz." that's going to be $200,000. and how about this? michael keaton's batman clothes, from "batman returns" if you have around $60,000. that's all tomorrow. you last-minute gift buyers. >> or go to hard rock cafe and walk around. >> that's true. >> just an idea. >> always thinking. >> that's "pop news," everybody. >>> it's a huge shopping weekend ahead. and everyone out for the last-minute christmas gifts don't have an idea what they're going to be looking for. becky worley's been running down the most popular gifts this holiday season. and she has

in august and official presenters of medicare and medicaid services wrote i have been unable to get cgiving employee application ready for day one. the federal contractors propose pushing back the date writing per our conversation we came up with a planned rollout schedule for november 15 employee portal goes live. six weeks later than first promise. debbie chief information officer replied can we sign this with blood? the contract replied whose? the exchange will now be ready next november. the subcommittee chairman says as president obama embarks on his latest pr push to salvage signature legislation, where find more evidence administration was painfully aware the work would not be complete by october 1. we have just issued a response to all of this. officials say these e-mails are simply between a small group of workers, not those who eventually decide to delay the exchange. officials made the final decision in mid-september. back to you. cheryl: we will see what the white house has to say about this latest scandal. dennis, over to you. dennis: republican from new jersey here with me

we made a commitment about two years ago to cgi that we would find $10 billion worth of assets to do these kind of investments. we are halfway there. there is -- the new york city systems have invested in infrastructure. california systems have done the same thing. we have also done retraining for the jobs of tomorrow. we have also done a whole bunch of work in terms of energy investments. there are a lot of things you can do with this patient capital in terms of reinvesting in the infrastructure. >> we are going next to sean higgins. >> one of the issues that has up in the detroit bankruptcy issues is a collection that is valued in the billions. some people have suggested selling that off. as an educator, do you support that, or what are your thoughts on that? >> let me just say that the educators in the city have been under a different kind of emergency manager for a long time. the governor had the first emergency management statute, but it was done in a much more it was done of a lot of conversation back and forth in terms of the educators and the city. frankly, our members in det

we made a commitment about two years ago to cgi that we would find $10 billion worth of assets to do these kind of investments. we are halfway there. there is the new york city systems have invested in infrastructure. health warning systems have done the same thing. we have also done retraining for the jobs of tomorrow. we have also done a whole bunch of work in terms of energy investments. there are a lot of things you can do with this patient capital in terms of reinvesting in the infrastructure. >> we are going next to sean higgins. >> one of the issues that has up in the detroit bankruptcy issues is a collection that is valued in the billions. some people have suggested selling that off. as an educator, do you support that, or what are your thoughts on that? >> let me just say that the educators in the city have been under a different kind of emergency manager for a long time. the governor had the first emergency management statute, but it was done in a much more it was done of a lot of conversation back and forth in terms of the educators. frankly, our members in detroit have hu

and made a commitment about two years ago to cgi that we would find $10 billion worth of assets to do these kind of investment, and we are actually halfway there. there's been new york city system have invested in infrastructure. the california systems have done the same thing. we've also done we training or the trade to the jobs of tomorrow, and we've also done a whole bunch of work in terms of energy investments. so there's a lot of things you could do with this patient capital in terms of really helping reinvention the infrastructure. >> we're going to go next to sean higgins and then david. >> one of the issues that's come up in the detroit bankruptcy is that cities are museum, its collection is to -- something advocated sound is off to cover the city's debt. i was wondering as an educated if you support that or oppose it? >> let me just say that the educators in the city have been under a different kind of emergency manager for a long time. it was done in a much more come it was done with a lot of conversation back and forth in terms of the educators and the city. and, frankly, f

cgi group, a big move today.glitch-plagued healthcare.gov website moving lower on news that short-seller james chanos it as han a big stake in this stock. intuitive surgical after recall for their davinc irobot. mcgraw hill with a buyback plan. deer offering buyback by $8 billion. las vegas sands, s&p 500 raised from triple b minus to double b plus raising it from junk bond to asset status. >>> bill gross may be the last you'd expect to praise investment fund index of fund pioneer jack bogle, founder of vanguard but his latest outlook does just that. bill gross joins us now. >> hi, kelly. nice to see you. >> nice to see you, too. if you read through the investment letter you just wrote, it's interesting. you talk about how you're worried financial conditions are generally bubbly, not sustainable, not going to end well. does this have something to to do with this move or admiration, almost, for passive index fund strategies? what's going on here? >> not really. you know, jack bogle's logic speaks to the market not

the cover at the washington post is all about cgi federal. being from last century in the government. have the optics gotten any better two months in? >> the optics have gotten a lot better because people are literally looking. they are looking at a website, a portal that is working much, much better. the president is right when he talked about the signup. the procurement problems are huge. they are not just on health care but other issues as well. if this doesn't teach us we have to go back, insource some more work into the government, we haven't learned enough from it. >> one last comment from you, sir. >> let me say, what we're talking about, senator manchin, a democrat and senator mark kurt, a republican, have called for a delay, a one-year delay for the individual mandate, just like obama granted to the big corporations to give them a one-year delay. during this one-year delay, it is not about tweaking around the edges and trying to fix this little thing or that little thing. it is my pledge and what i call for, hopefully as a newly elec

. >> i don't need to tell you it's all cgi because you know that, created by a hungarian production houseas my friend stephanie elam would say, awesome sauce. i bet chuck norris could pull this off. >> i don't like chuck norris and awesome sauce. >> thumbs up. >> you know how you know it's fake? the split is too even. >> that's awesome and our gift for the holidays. >> he says so much by not saying a damn word. he's amazing. >> learn something from that. >> starting with small women with blonde hair. >> or large men that have the last name cuomo. >> continue. >> okay. >>> coming up next on "new day," could the hit show "duck dynasty" be over? the show's stores are threatening to walk over the suspension of robertson, the pay tree ak of t -- patriarch of the family. >>> and then a live report, rodman news. at farmers, we make you smarter about insurance. because what you don't know, can hurt you. what if you didn't know that posting your travel plans online may attract burglars? [woman] off to hawaii! what if you didn't know that as the price of gold rises, so should the coverage on your j