the only people they're required to disclose are coo cfo and all the afl/cio is saying, we just want to know about your intentions. >> speaking of the afl/cio they're expected to rule on it in the next few months. which way do you think this is going to go? >> i think to talk about these things in terms of bribery is not good for the public discourse around us. for the most part these are people going into the government service for a the reason of helping to improve things. the idea that they've been planted is just not necessarily appropriate or accurate. >> we got to stop through. thank you. when we return, taking creative resumÉ writing to a whole new level. new companies bringing up online that back up the lies on your resumÉ and they have no qualms about it saying it's a public service. but what are the morals a hazards. we'll talk to a leader in the field about his craft. >> welcome back. >> nearly seven years after the financial crisis some people who are reentering the work force has found a new aid. fake job reference companies. these outfits quote/unquote pad your resumÉs

and most recently the community's cio, we have a plan for the city. through a series of strategic it sessions koit has recognized two major opportunities for the city and these are a shared strategies for the city and as well as the public strategies for the city and thinking about all the ways that the city engages with the public. major components through the plan and through the annual process koit makes recommendations annually to the next 2 fiscal years. all projects are evaluated based on their impact and supportive it plans strategical that are out lined here and goal one was established as the highest priority for us to be focused on which is support, maintain and secure critical infrastructure. followed by increased sufficiency and effectiveness and improved access and transparency. through the budgeting process koits provides funding for a number of sources. the annual allocation to address all of general fund needs. one of the biggest highlights is the i guess of major project funding for several major legacy systems. so the addition of thi

going to directlien -- invest in fiber to flush out to people's home goes far beyond what the city's cio oh pines. >> i appreciate the control that you have and i appreciate the planning. i still hope that we have a big vision. i think sf wifi is great, but i would hope that equity and social justice in bringing people up to the digital future especially those that don't have access now should be a key strategic goal for any technology for a plan and a city like ours and the failed earth link planning with the city and even other efforts with looking at other options to me, i hope we don't ignore a lot of the work done by many community advocates as we try to think about digital inclusion strategies. i know we have a hearing coming up tomorrow too on a greatest budget and legislative analyst report on the city and other cities and what they are doing as well. i appreciate your comments as well. >> supervisor tang? >>supervisor katy tang: thank you, i had a question because it looks that the presentation that major allocation that they increase by 10% annually as well as the annual projec

trumka served for 15 years as the afl-cio secretary treasurer. from 1982 to 1995, he was president of the united mine workers. mr. trumka has a bachelor's degree from penn state university and a degree from villanova. he's a tough guy and somebody i have a lot of respect for. these are two -- these are the two top people in this country as far as i'm concerned to appear at this hearing. they're widely divergent views, perhaps, but we need to listen to both of them. i want to thank you, mr. trumka and mr. donohue. welcome to the senate finance committee and hopefully it won't be the last time you come before this committee. so with that we'll turn to you mr. donohue. you'll be the first witness. mr. donohue: thank you very much, chairman hatch, ranking member wyden and distinguished members of the committee. as you now know, i'm tom donohue and i'm president and c.e.o. of the chamber of commerce of the united states. i'm really pleased to testify today on behalf of our three million small and medium-sized businesses, state and local chambers of co

trying to get a grasp of what those will be years 3-5 but we have been told from city departments cio's that it's very challenging to do that. >> okay. colleagues, any further questions at this point in time? >> mr., mr. rhodes, can we go to your report, please. >> member: $20 a month, just $0.65 -- >> mr. chairman, members of the committee, we know that communication estimated $100 million in general fund and after that total revenue an allocation for 91 $91 million for major projects. and we show on table 2 which shows major fund revenues for specific projects. we do recommended that you approve this legislation and i will be glad to respond to any questions. >> thank you very much, mr. rhodes. colleagues any questions? is there any additional public comment? seeing none public comment is closed.. i want to thank you for all of your hard work in putting this together. i know i mentioned to you questions about some of the process for some of the items for the clerk of our supervisor board. i would like to thank you for your hard work and all the issues that my colleagues touched upon t

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trumka served for 15 years as the afl-cio secretary treasurer. from 1982 to 1995, he was president of the united mine workers. mr. trumka has a bachelor's degree from penn state university and a degree from villanova. he's a tough guy and somebody i have a lot of respect for. these are two -- these are the two top people in this country as far as i'm concerned to appear at this hearing. they're widely divergent views, perhaps, but we need to listen to both of them. i want to thank you, mr. trumka and mr. donohue. welcome to the senate finance committee and hopefully it won't be the last time you come before this committee. so with that we'll turn to you mr. donohue. you'll be the first witness. mr. donohue: thank you very much, chairman hatch, ranking member wyden and distinguished members of the committee. as you now know, i'm tom donohue and i'm president and c.e.o. of the chamber of commerce of the united states. i'm really pleased to testify today on behalf of our three million small and medium-sized businesses, state and local chambers of co

and most recently the community's cio, we have a plan for the city. through a series of strategic it sessions koit has recognized two major opportunities for the city and these are a shared strategies for the city and as well as the public strategies for the city and thinking about all the ways that the city engages with the public. major components through the plan and through the annual process koit

today the afl cio took some action by doing this.ed this commercial against fast track earlier today. >> there is a fast track trade bill being pushed through congress. if it doesn't stop, we will be railroaded. fast track. it's just another bad trade deal. a deal that will give corporations sweeping power. kill jobs, weaken the economy. even allow toxic food to enter u.s. markets unchecked. we know the price of these bad trade deals. don't let congress railroad america's working families. this fast track deal must be stopped. >> the afl cio said today this is a seven-figure ad buy. it's been a long time since they've done something like that. for more, let me bring in senator sharon brown of ohio. thank you for being with us tonight. can you explain to us where these jobs are going to be created? is ohio going to see an employment increase if fast track is given to the president and he goes with the tpp? >> i don't know anybody that really thinks that except paul ryan and some newspaper publishers at "the washington post." and "the

jeff was always going into walmart and getting their cio, going in and getting the best people he possibly. that is what travis has done. emily: when you think about competitors like halo, just got out of the u.s. market, lyft and sidecar, do they stand a chance? bill: i don't know. i have often thought about it like this. first of all, a lot of the money goes to the driver. it is a lower margin business. i think it is tough to compete. i think travis is very competitive. emily: what else can uber do? we have seen them delivering christmas trees. kittens. what is next? bill: when they raised money, the deck had zero slides on these types of things. whatever might be next. that is not to say the company is not interested. they are testing food delivery, they have done flower delivery on valentine's. i think it is something they are watching. i think, for the time being, everyone knows that focus is critical to great execution, and the opportunity in front of us is immense. emily: what about taking on fedex or ups? bill: i would say we are not as well situated for that type of thing as we mi

that's according to the cio of international equities. cnbc it's hard to justify current valuations on the stock. they told 2-thirds of the associate's stake in the retailer in august last year saying the risk was too high. at the time they owned 3% of tesco. since then the stock has risen by more than 9% since the december lows. it has rallied 50% i asked if he regretted the decision to sell. >> i regret not owning a stock that goes up. we all have to look at ourselves and say what did we miss here but given the way we invest in business, given the price today clearly there's lots and lots and lots of improvement baked into this share price. this is a company that will continue to increase sales but it's adding expenses and cutting margins. so the normal operating profit of tesco going forward will be significantly lower than it was in the past and people are seeing the sales and better sales performance and better market share performance but this is going to come at the expense of profitability so you still have the issue with pig box

but from there we started getting into groups like aarp, consumer reports, the afl-cio and the naacphey all said, you know, this is not our first issue but this stuff about cheating consumers, it comes somewhere in the things we care about. more than 100 groups got organized into americans for mansion reform. -- for financial reform. they pushed and we got that consumer agency passed into law. we did it. people did it. we worked hard and did it! (cheers and applause) >> jon: we're going to come back. i want to get into the student loan thing. back more with senator warren right after this. ♪ ♪ ♪ break the ice, with breath freshening cooling crystals. ice breakers. [ upbeat music playing ] we all scream for ice cream flavored iced coffees from dunkin' donuts -- try the delicious new rocky road butter pecan and cookie dough flavors today! america runs on dunkin'. hey ralph, can i have a dorito? sure, when pigs fly. ♪ hey ralph... [explosion] [rocket sound] take it. good boy. all we need to sell strongbow hard cider, is ice. and an award for best tasting hard cider. have you got the sho

but from there we started getting into groups like aarp, consumer reports, the afl-cio and the naacpall said, you know, this is not our first issue but this stuff about cheating consumers, it comes somewhere in the things we care about. more than 100 groups got organized into americans for mansion reform. -- for financial reform. they pushed and we got that consumer agency passed into law. we did it. people did it. we worked hard and did it! (cheers and applause) >> jon: we're going to come back. i want to get into the student loan thing. back more with senator warren right after this. introducing the new degree dry spray 48 hour superior antiperspirant protection. does your antiperspirant feel dry and clean like this? new degree dry spray instantly dry for a cleaner feel. ♪ let's play who won lunch. kinda busy. i got kfc's new barbeque chicken & rice bowl. honey barbeque chicken and rice, cheese - 5 bucks! you got me beat i guess... or you don't because i got a tex-mex chicken and rice bowl. so we tied. yeah. ♪ pepsi is giving away 100 days of awesome music prizes. follow us on twit

but from there we started getting into groups like aarp, consumer reports, the afl-cio and the naacpall said, you know, this is not our first issue but this stuff about cheating consumers, it comes somewhere in the things we care about. more than 100 groups got organized into americans for mansion reform. -- for financial reform. they pushed and we got that consumer agency passed into law. we did it. people did it. we worked hard and did it! (cheers and applause) >> jon: we're going to come back. i want to get into the student loan thing. back more with senator warren right after this. [ upbeat music playing ] we all scream for ice cream flavored iced coffees from dunkin' donuts -- try the delicious new rocky road butter pecan and cookie dough flavors today! america runs on dunkin'. ♪ ♪ heineken light. the best light beer you've ever tasted. or i'll give you your money back. not me. i won't. someone will give you your money . . . someone at heineken . . . i'm guessing . . . is it? ♪ there's some facts about seaworld we'd like you to know. we don't collect killer whales from the wild.

but from there we started getting into groups like aarp, consumer reports, the afl-cio and the naacpy all said, you know, this is not our first issue but this stuff about cheating consumers, it comes somewhere in the things we care about. more than 100 groups got organized into americans for mansion reform. -- for financial reform. they pushed and we got that consumer agency passed into law. we did it. people did it. we worked hard and did it! (cheers and applause) >> jon: we're going to come back. i want to get into the student loan thing. back more with senator warren right after this. oh, i love game night. ooh, it's a house and a car! so far, you're horrible at this, flo. yeah, no talent for drawing, flo. house! car! oh, raise the roof! no one? remember when we used to raise the roof, diane? oh, quiet, richard i'm trying to make sense of flo's terrible drawing. i'll draw the pants off that thing. oh, oh, hats on hamburgers! dancing! drive-in movie theater! home and auto. lamp! squares. stupid, dumb. lines. [ alarm rings ] no! home and auto bundle from progressive. saves you money

trumka served for 15 years as the afl-cio's secretary-treasurer. he was president of the united states mine workers. mr. trumka has a bachelors degree from penn state university and a law degree from villanova. he's a tough guy and somebody i have a lot of respect for. these are the two top people in this country, as far as i'm concerned, to appear at this hearing. they're widely divergent views, perhaps but on the other hand, we need to listen to both of them i want to thank you, mr. trumka, and mr. donahue as well, for joining us today. welcome to the senate finance committee. we hope this won't be the last time you come before the committee. for that, you'll be the first witness. >> thank you very much chairman hatch, ranking member wyden and distinguished members of the committee. as you now know i'm tom donahue and i'm president and ceo of the chamber of commerce of the united states. i'm really pleased to testify on behalf of our 3 million small and medium-size businesses state and local chambers of commerce, as well as large companies that a

damon silvers, direct or a policy and federal counsel for the afl-cio.we didn't have enough substance for the afl-cio. that wasn't meant as a slight. that was meant as a positive thing for men. he's done an incredible number of things. he remained pro bono for the state of new york. he's a member of the inner by three committee of the fcc, treasury department research advisory committee, public company accounting advisory group. he was deputy chair of the congressional oversight panel for t.a.r.p. from 28252,011. it covers the whole range of regulatory and financial issues and then the firm a strong public service to. previously, 2622,008 was chair of the competition subcommittee of u.s. treasuries of the auditing profession. we are putting them back into labor camp today, but i'm sure he can handle that. finally speaking on our panel will be michael strahan who was recently named deputy director for economic policy studies and has long been a resident scholar at the american enterprise institute. to give him a similar circuit dance, he is the economist

manus: i caught up with one of your ci go's -- cio's and he said clients need to come to the dark side, believe in risk. is 2015 that year, or another year of doubt? >> of course, central banks play an absolute key role. you see that in europe, in the u.s., where the debate is about the rate hike. in aggregate, there's five times more money in the system. we asked, what does that mean? it has driven the markets up. it is stimulus. there's a lot of things ongoing where people ask what does that tell us. the need has never been bigger. manus: let's talk about the business. there's $11 trillion between a lot of the guys and girls that you talk to. blackrock, pimco, they are going to be here. does that sides and that scale give you an edge when it comes to attracting new business? >> absolutely. we see the money move. we know what our clients are doing. we know what they are concerned with. second we can team up with the very best, the smartest people around the globe, and all sit in one room and be the fiduciary of our clients money. we basically come up with an investment strategy that w

for too long and government, it was a cio issue.t of it is language, those talking in bits or bite and they try to talk to the ceo, they do not want -- know what you're talking about. we need to learn how to bridge the gap between the technical and the business risk. emily: one of the biggest risks are there and own employees. they are in fact the biggest threat. edward snowden was a government contractor, how likely is that there will be a nether snowden? john: i am glad you brought that up. when we talk about the risks to a company, they are still sending traditional spies here. a case we had a new york with traditional russian spies, what were they looking to do? there are looking to use greed sects, revenge as motives to get information. these traditional techniques loose lips and they combine that with trying to breach your company through cyber enabled means. because it is digital if they are able to. succeed, the amount of information they can steal his vast the harm they can do is much greater than it was 10-15 years ago. co

too long it was a cio issue. part of its language. we don't know how to talk to each other.tides talk to the general counsel who is not in the tech sector, they don't know what you're talking about. we need to learn how to bridge that gap between technical experts and those who understand business risks. emily: one of the biggest risk is their own employees. that is in fact the biggest threat to a company's security. edward snowden was a government contractor. how likely is that there will be another snowden? guest: absolutely. i'm glad you brought that up. when we talk about the risk to a country, they are still sending traditional spies here. they were looking to use greed or sex or event as a motive to flip people so they could get economic espionage tiered they used traditional spying techniques, loose lips and they combined that with trying to breach your company through cyber enabled means. if they are able to succeed, the amount of information they can do it fast. the harm they can do is much greater than it was 10 years ago. emily: how do you prevent that? guest: i d

brendan joins me now as long as my guest host for the hour, the chairman and cio of cumberland advisorsbrendan has been up for like 25 hours. what was the biggest take away when will the greek side of the ending? cracks i been tired to going to hunt sickles in berlin every day and asking when the dropdead date is? i asked scheuble when the dropdead date is and he said it is when the greeks agreed to a program. >> the program has been extended twice. now runs through june 30. if greece wants to unveil itself of the remaining funds the program, a solution must be found by june 30. >> your deadline is the 30 of june? >> that is the deadline. >> see that little green there at the end. would you want to play poker with him? >> no i would not. if i was looking for liquidity assistance every day -- >> what i got from that is that he is leaving greece to dangle in the wind a little bit. it sounds like he has a very good negotiating position and greece is doing very dramatic desperate things like sending the prime minister to russia. in waiting -- and he is waiting and waiting and waiting. >> wh

cory: what is the key message for the cio to bring up the scale and say -- i imagine they are in thetion of saying i'm not big enough for this problem, get ready. admiral allen: we talk about connecting the server room to the board room. a lot of folks think this is a technical issue, when in fact it's like any other complex crisis. you have to be prepared to deal with it at the board level and understand what your role is going to be in how you want to play that. that can only happen if senior leadership is really listening to the technical issues involved and actually understands the risks they are assuming if they don't get involved. cory: interesting stuff. former u.s. coast guard admiral thad w. allen thank you. emily: cory johnson at rsa. up next, we take a look at a cancer risk test that costs 1/10 of what its competitors charge. we talked to the founder, coming up. ♪ emily: -- julie: i'm julie hyman at the breaking news desk. one individual has been charged with relation to the may 2010 so-called flash crash, the plunge we saw in the u.s. averages. he has been arrested in lon

for too long and government, it was a cio issue. part of that is language.alking in bits and bytes and they try to talk to the general counsel, the ceo, they do not know what you are talking about. we need to learn how to bridge the gap between technical experts and those who understand business risks. emily: one of the biggest risks is to their own employees. the biggest threat to a company security. edward snowden was a government contractor. how likely is it there will be another edward snowden? >> i'm glad you brought that up. when we talk about the risk to a company, particularly from a nationstate, they are still sending traditional spies here. case in new york, what were they looking to do? they were looking to use greed or sex or revenge as a motive. they used traditional spying techniques. they used loose lips and tried to hang out with people from your company who might talk about things they should not and they tried to find out who would breach or company. if they're able to succeed, the amount of information they can steal is vast. the harm they

and hillary cramer, president and cio of cramer capital.nd steve cortes, bgc trader and senior strategist live with us from chicago. let's do it. dig into the first real, real deal. all right, steve forbes, you know, it's been a nerve wrecking season. we have these sessions where the markets are down triple digits. the earnings came in pretty good. there was a direct correlation, in my mind, the stock market, the pulse of america, the economy, but that may be fading. is it sort of true? steve: yes, what we see today is information is more instantaneous than ever before. charles: but is wall street a reflection of main street? steve: wall street is a reflection of what they think will happen in the future. moves on the populous, people going against those moods, when you feel bad is the time to get in. when you feel good, the time to get out. charles: you're saying wall street's success right now. particularly tomorrow, we have a chance at making all-time highs. that's good news for main street six months down the road or a year down the roa

for too long and government, it was a cio issue.art of it is language they'll learn to talk to each other. those talking in bits or bite and they try to talk to the ceo, they do not want -- know what you're talking about. we need to learn how to bridge the gap between the technical experts and those that understand the business risk. emily: one of the biggest risks are there and own employees. they are in fact the biggest threat. edward snowden was a government contractor, how likely is that there will be a nether snowden? -- another snowden? john: i am glad you brought that up. when we talk about the risks to a company, they are still sending traditional spies here. particularly from a nation-state. a case we had a new york with traditional russian spies, what were they looking to do? there are looking to use greed or sex or revenge as a motive to flip people to get economic espionage. they used traditional techniques, loose lips, talking about things they should not, and they use those along with they try to combine that with tryi

cio and cofounder in the midst of a nasty fight with did you pond pont. that's coming up one month from today. he seemed to focus on what he feels is a potent weapon criticizing the ceo's decision to exercise options that still had years to go. take a listen. >> i think what you are seeing is a ceo saying for my money, i have no confidence in my plan. we have $2 billion invested. we put our money where our mouth is. we can generate that kind of shareholder value. >> and again here we have a response from dupont. a lot of it dealt with the 10 d 5 plan they have in place. those can be changed to be fair and dupont said ellen's compensation is closely aligned with performance and share helder position. it comprises the majority of her personal net worth. this fight is continuing at this point as you might expect. we have a month to go and a lot more probably will be shared. the key moments in the fall of 2014 some stock options were automatically exercised on the routine and the preexisting plan managed to a by third party and steadily increasing ownership o

photographer and archivist, two people who were on his investment management team, that includes the ciocfo accountants, portfolio managers and financial analysts. emily: how are you getting this information about the office? margaret: some of it comes from department of labor filings. the company has a 401(k) for people who work there, as well as linkedin profiles of people we talked to. emily: how to tech billionaires run their family offices differently than other billionaires. ? margaret: family offices have existed for more than a century, many serving families in their feather six generation. what is different with tech billionaires and people with silicon valley who have had liquidations of wealth early in their career is that they are very focused on philanthropy and impact investing. many of them are hiring people who, for example, are doing direct deals in early venture companies that can provide a financial return and do good, or that they hope will cap both of those things. emily: how big can these family office teams get? margaret: paul allen formerly of microsoft has a team

damon silvers, director of policy and special counsel for the afl-cio. we think of him as mr. substance for the afl. that was not meant as a swipe. that is a positive thing for damon. he hads done incredible number of things. he is assistant security general pro bono for the state of new york. he is a member of the fcc. the public company accounting advisory group. he was deputy chair of congressional oversight panel for tarp. covers a whole range of economic regulatory and financial issues from a very strong public service perspective. previously from 2006 to two dozen eight, was chair of the advisory committee of the auditing profession. we are putting him back into more labor camp today but i'm sure he can handle that. finally, michael strain who was named deputy director for economic policy studies at the american enterprise institute. to give him the similar thing he is the economist who most of us would read most at aei. michael is well known for taking iconoclastic views motivated by principles. he manages to get himself into the press quite a bit nonetheless. he is a c

the library has had five temporary cios in just the past three years. >>> a police officer caught verbally abusing and screaming insults at an uber driver in new york. >> i don't know where you're coming from or where you think you're appropriate in doing that. that is not the way it works. how long have you been in this country? >> one of the passengers took the video and it has gone viral. police confirmed the man seen screaming is a member of the nypd and they say an independent agency is investigating the officer's tirade. our sister station in new york has learned the detective in this video is part of a joint terrorism task force and he had just left the hospital visiting a critically injured fellow officer when the incident was recorded. >>> with headlines focusing on lufthansa's stunning admission that it knew about the background of the germanwings' co-pilot, the ceo paid his respects today. here's bill neely. >> reporter: lufthansa is an airline under pressure. today its boss the ceo, came here in somber mood. he was dressed in a black suit and a black tie. he laid a wreath at th

let's bring in dan chung, ceo and cio of -- and dana cio with atlantic trust. great to see you. dan, which camp are you in? >> oh i'm definitely in warren's camp. i think things are better than expected and actually mr. zell is a terrific investor but is he wrong about fourth quarter earnings. 72% of the companies beat earnings numbers with a 5% average beat. on the sales line 56% beat. i don't know how he can say that the vast majority are missing. there was a lot of downgrades, of course, around foreign exchange, but we looked through that. we're fundamental bottoms-up investors, and i'm on warren's side and we are positive. >> a lot of estimates have been coming down, but we will wait and see for the earnings season. first of all, to you, david, which camp are you in zell or buffett? >> i would lean on the optimistic side as well. i think there's no question that the first quarter was sluggish, but we think we'll see a better tone to activity over the rest of the year. if you look at the consumer consumer behavior has been cautious, but we've seen you know, energy prices are

damon silvers, director of policy and special counsel for the afl-cio. we think of him as mr. substance for the afl. that was not meant as a swipe. that is a positive thing for damon. he has done incredible number of things. he is assistant security general pro bono for the state of new york. he is a member of the fcc. the public company accounting advisory group. he was deputy chair of congressional oversight panel for tarp. covers a whole range of economic regulatory and financial issues from a very strong public service perspective. previously, from 2006 to two dozen eight, was chair of the advisory committee of the auditing profession. we are putting him back into more labor camp today but i'm sure he can handle that. finally, michael strain who was named deputy director for economic policy studies at the american enterprise institute. to give him the similar thing, he is the economist who most of us would read most at aei. michael is well known for taking iconoclastic views motivated by principles. he manages to get himself into the press quite a bit nonetheless. he is a

today two other speakers, damon sill verizon the director of policy and special counsel for the afl/cio substance, and that wasn't meant as a swipe but a positive thing for damon. he's done a incredible number of things. it is a special attorney general probono for the state and the research advisory committee and the public advisory group and he was deputy chair of the oversight panel for tarp from 2008-2011 to covers a whole range of economic and regulatory avenues and has done so from a strong service perspective and from 2006 to 20108 was from the advisory committee on the auditing profession. and we are putting him back into the labor camp today and i'm sure he can handle that. and finally speaking is michael strain recently named director of economic studies and long been a scholar with the american enterprise institute. so to give you the similar sort of thing he is the economist at aei who would -- we would probably read most. michael is well-known for taking iconic classical views not by press but manages to get him in the news most. contributor to the washington post and done

are out there helping us bring us into companies rather than going out and fight one by one for every cioub, ceo of docker. an exciting time, at the same time being conservative with your cash, thank you very much. >>> thank you. >>> up next, ibm is announcing a major deal with apple. johnson & johnson and medtronic, we'll tell you how it works, next. ng eye. i mean, come on. national gives me the control to choose any car in the aisle i want. i could choose you... or i could choose her if i like her more. and i do. oh, the silent treatment. real mature. so you wanna get out of here? go national. go like a pro. ♪ ♪ (under loud music) this is the place. ♪ ♪ their beard salve is made from ♪ ♪ sustainable tea tree oil and kale... you, my friend, recognize when a trend has reached critical mass. yes, when others focus on one thing, you see what's coming next. you see opportunity. that's what a type e* does. and so it begins. with e*trade's investing insights center, you can spot trends before they become trendy. e*trade. opportunity is everywhere. mileageplus® explorer card. we're saving our

her candidacy yesterday was welcomed by the head of the afl-cio, which represents a few more workershan you do, welcoming her into the race saying, i'm waiting to see what she says about these issues. he's not thinking about the iraq war resolution or any of this other stuff that in midgley is relevant -- it is relevant, but is not the pressing issue for 2016. the pressing issue is, do ever radical right republican government that in all three branches, which will end up with i don't know, 7, 8 supreme court justices like alito, or do we have a moderate democratic administration where, yes, there is going to be a lot of typing and pulling within the party within congress over which issues are to be brought to the floor, with the president's position will be, what she should do if she is president? that, to me, is a better situation for working families and all americans -- by the way people around the world -- than the idea of a president rand paul or president ted cruz or somebody who is going to dismantle every for texan working families in this country -- >> what about president e

it labor unions including the afl-cio and other major unions very much against this potential deal. this puts her in a bit of a quandary. >> it's a bit of a quandary. i think it's a fairly easy -- finesse. we don't know what will be in a final deal before congress. it's easy enough to say i need to wait and see what's in the deal. i think people who have been opposing the tpp will be well advised to try talking specifically about what they would not like to see in the tpp. fast tracking doesn't mean congress has given a rubber stamp to it. whatever deal is negotiated will have to come back and receive an up or down vote. if labor doesn't -- >> no amendment. you take it as it is? >> exactly. but you can take it or leave it. laying out what we would take and leave, i think it's a parallel thing to iran. you've had the president saying you know congress has rights to involve itself in this but we don't want them involving themselves inside too granular a level because tell blow up the deal. you can say the same about this dole deal. in the 2016 campaign, i do not think this will be a l

>> typically the panels or the judges span either cios and endowments or pension funds as well as large funds. >> we may have given it away, but it was to be short. royal caribbean. why short the cruise line? >> i think he didn't make sense for a variety of reasons. i looked back at the history of the company and they had negative cumulative cash flow over the last 25 years since the business's inception. in addition that, valuation is back at an all time high on a variety of metrics. for example, the enterprise value, the ebitda was surpassed in 1999 and the stock subsequently declined over the next two years. for a businesslike this where returns are consistently below the cost of capital, it should trade closer to book value, over 50% lower. >> this is a real trade in your fund. you are a young man and clearly the fund is probably small, but this is real. this is not just contest. >> absolutely. it's a large short position for us in the fund. >> you worked for lee cooperman as an intern many summers ago. he told me to tell you hello. what did you learn from him? >> i would say i am g