tonight on cnbc. >> thank you for watching "street signs." we'll be here tomorrow we hope. >> we'll hope and pray. see you then. >>> and welcome to "the closing bell." i'm kelly evans. as we hit 3:00 eastern on the east coast, eastern on the east coast. that's an oxymoron. >> redundant is what it is. >> thank you. we're trying to see if the stock market can get it's footing but we have to be clear what stokt we're talking about. >> i'm bill griffeth. earnings are the culprit dragging the dow later but the other two major averages are trading higher so it does depend which market you're talking about. we'll talk about that in a few minutes. also we have two huge earnings reports that could dictate the tone for tomorrow. we have netflix and ebay due out in be aab an hour from now. instant reaction from the market coming up on "the closing bell." >> also what is the single biggest mistakes investors make? one of the most successful money managers in a generation tells cnbc exclusively what that mistake is. >> and forget i-robot. instead, think i

and cnbc's own seema mody.eema, before i go to my pal for his throw away pessimistic card, can you tell me what happened today? >> clearly a lot of i htraders ready to buy the dip. it was one of the sectors hit hard by the recent selloff. second is better than expected earnings from the likes of facebook and google. within health care, it's pharmaceutical companies. on the flip side, the u.s. dollar continues to see the flight to safety. >> absolutely. >> so bullish. kenny, did i read that right? you heard seema, the dollar is surging. the economy is rising. profits are growing. now, i'm not timing this. >> right. >> i'm just saying this is good news and good news is good news. >> good news is good news. but listen, let's not forget, the market has had this great run, right? in anticipation of what this good news was going to be. and in fact now you're getting some good news but yet the market is not necessarily got this real strong conviction that it wants to move higher, right? so i think what you're going to

that's our edition of 60 minutes on cnbc. i'm morley safer. thank you for joining us. [ticking] [ticking] >> in a year's time, oil, a commodity that was traditionally priced according to supply and demand, doubled to nearly $150 a barrel, and then crashed along with the stock market. so what happened? well, it turns out the price of oil may have as much to do with traders and speculators on wall street as oil company executives or sheikhs in saudi arabia. >> i tease people sometimes that--you know, people say, "well, who's the largest oil company in america?" and they'll always say, "well, exxon mobil or chevron or b.p." but i'll say, "no, morgan stanley." [ticking] >> this is shaybah, a desert wilderness where temperatures can reach 135 degrees. beneath these sand dunes lie 18 billion barrels of oil, more than four times the proven reserves of alaska. and it's costing billions and billions to tap into it. with all the talk about kicking our addiction to foreign oil, the kingdom of saudi arabia is doing everything it can to keep the oil age going. let me be blunt: is i

>> more madoff when 60 minutes on cnbc returns. [ticking] ♪ [ male announcer ] this is the story of the little room over the pizza place at 315 chestnut street. the modest first floor bedroom in tallinn, estonia and the dusty basement at 1406 35th street. it is the story of the old dining room table at 25th and hoffman avenue. the southbound bus barreling down i-95. ...and the second floor above the strip mall at roble and el camino. ♪ this magic moment it is the story of where every great idea begins. ♪ so different and so new where those with endless vision and an equal amount of audaciousness believed they had the power to do more. time and time again. ♪ and then, it happened at dell, we're honored to be part of some of the world's great stories. stories that began much the same way ours did. in a little dorm room -- # 2713. ♪ this magic moment ♪ >> the basic concept of wall street... >> andrew madoff says he thought his father was a financial genius. there were suspicions about bernie madoff's remarkably consistent returns, but

that's our edition of 60 minutes on cnbc. i'm bob simon. thanks for watching. [ticking] [ticking] >> when ali allawi took over as iraq's minister of finance in 2005, he was confronted with a gaping hole in the treasury. more than a half a billion dollars that was supposed to equip the new iraqi army had been stolen from the ministry of defense by the very people the u.s. entrusted to run it. >> that's a lot of money. >> it's one of the biggest thefts in history, i think. >> most of the iraqi officials involved, including the former minister of defense, have skipped the country, but we found one of his deputies vacationing in paris. if you went back to baghdad, you'd be arrested. >> uh, no. nobody will arrest me. they will kill me. [ticking] [camera shutter snaps] >> these surveillance photos were taken by undercover police officers while they watched a team of seven south american thieves clean out an old navy store. >> shirts at $22.50, and they got the whole rack. >> when police moved in to make the arrest, they found enough merchandise to fill a room. all ta

catch that on cnbc. otherwise, coming up next, "squawk box" and the countdown to the opening of markets stateside. whatever happens, have a profitable day. good-bye for now. to manage your money. that's not much, you think except it's 2 percent every year. does that make a difference? search "cost of financial advisors" ouch! over time it really adds up. then go to e*trade and find out how much our advice costs. spoiler alert. it's low. really? yes, really. e*trade offers investment advice and guidance from dedicated professional financial consultants. it's guidance on your terms not ours that's how our system works. e*trade. ss for us, more for you. >>> good morning and welcome to "squawk box." futures are higher this morning, but they were higher yesterday morning. so far, it's the worst five-day losing streak since 2012. >>> apple shares slide late yesterday as iphone sales -- that was the problem -- missed expectations. 51 million. it was lower than people thought. that was what was sold last quarter

that's our edition of 60 minutes on cnbc. i'm steve kroft. thanks for joining us. [ticking] [ticking] >> for more than a decade, the u.s. military establishment has treated cyberspace as a domain of conflict, where it would need the capability to fend off attack or launch its own. that time is here, because someone sabotaged a top secret nuclear installation in iran with nothing more than a long string of computer code. >> we have entered into a new phase of conflict in which we use a cyberweapon to create physical destruction. [ticking] >> viktor bout, in my eyes, is one of the most dangerous men on the face of the earth. >> on the face of the earth? >> without a doubt. >> which is why the u.s. government launched an elaborate international sting to nab viktor bout. what makes bout so dangerous? and how did d.e.a. agents eventually grab him? the answers in our story later. [ticking] this is what espionage looks like. the man driving the car is gregg bergersen. he's a civilian analyst at the pentagon with one of the nation's highest security clearances. his compani

that's our edition of 60 minutes on cnbc. i'm morley safer. thanks for joining us. [ticking] [birds squawking] >> corporations are avoiding paying billions of dollars in u.s. taxes by moving their operations to new tax havens, like the swiss town of zug. so here we are in zug. we went there to visit their operations. and we came to see your international headquarters. >> um, at the moment, my boss is not here, so... >> she said her boss wasn't there and we should call someone halfway ound the world. in houston? >> yeah. >> not here? >> no. [ticking] [dog barking] >> you're watching a surprise early-morning raid, police in riot gear looking for counterfeit prescription drugs. and they found them everywhere. the police were led here by someone you wouldn't expect: john clark from the american drug company pfizer. this stuff is gonna get into people's medicine cabinets? >> unfortunately, yes. >> counterfeit drugs are ending up in millions of american homes. at this postal facility, the shear volume of packages of suspicious drugs is staggering, and this is just from on

that's our edition of 60 minutes on cnbc. i'm steve kroft. thanks for joining us. [ticking] [ticking] >> it is the mark of the yakuza: ornate, full-body tattoos that cover the members of the japanese mob. so how did one of their most notorious godfathers get into america and jump to the front of a line for a lifesaving liver transplant? this reporter found out and says it may cost him his life. >> as he was leaving and getting in his car, he said, "that"-- you know, "that--that goddamn american jew reporter. i want to kill him." [ticking] >> greg mortenson's book three cups of tea is a publishing phenomenon that has made him a celebrity, a cult-like figure on the lecture circuit, and inspired people to give nearly $60 million to his charity, and it all began with one simple story. >> it's a beautiful story, and it's a lie. >> we wanted to talk to mortenson about that and some other things, but he didn't want to talk to 60 minutes. >> steve kroft. >> nice to meet you. >> how you doing? >> thanks. >> got five minutes for us today? >> um... [ticking] >> we wondered ho

cnbc, cairo. node here is that the composition of the market hasn't changed over the years. some 75% on average of visitors come from the european mainland. of course, there's still the risk ahead for the country as a whole. on saturday, this will be the three-year anniversary of the 2011 revolution here in egypt. we'll have to see basically how it all unfolds. >> three years. that's amazing. at the moment, the red sea, this is the perfect time to be there, isn't it? >> it is a good time to be there, ross. i suggest you book a ticket and come across and we'll take some time off this weekend. >> that sounds perfect, just like it is here in london. yusef, thank you very much indeed for that. >>> still to come, authorities in texas believe they may have a idea of what went wrong with a will i y let me tell le avenue. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had the power to do more. dell is honored to be part of some of the world's great sto

that's our edition of 60 minutes on cnbc. i'm morley safer.s. >> they have what we need... >> over 370,000 barrels per day in oil production. >> ...and we have something for them. >> they're buying big boats here, airplanes here. we just should not be enabling them. >> the bonds between the united states and azerbaijan are deep, important, and durable. >> are we making deals with the devil? >> more children are dying now than in the 1990s before they discovered oil. >> people -- they were abused by the system. people -- they were tortured and killed. [ engine revs ] >> or is tpa

that's our edition of 60 minutes on cnbc. i'm steve kroft. thanks for joining us. [ticking] [ticking] >> well, six months of this would be a step in the right direction. >> well, a step in the right direction-- >> not another week of runaround. >> the average for each of the claims that you paid out is $5,000. >> no more bp. blame me. don't blame bp anymore. >> ken feinberg is the go-to guy for thankless jobs, america's arbiter of human suffering. >> why don't you open up the purse strings? >> his assignment deciding who should be paid for damages from the gulf oil spill, was one of his toughest yet. they really go after you. >> they do, but it goes with the territory. >> it may be the greatest rescue operation since noah's ark. a billion people watched as 33 chilean miners trapped for 69 days half a mile underground stepped from darkness into light. [cheers and applause] >> if ever there was a story with a happy ending, this was it. [men chanting] but when we visited the miners several months after their rescue, we found many were struggling. for example, alex veg

@cnbc on twitter. let me know your guesses. 71. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. [ male announcer ] here's a question for you: when electricity is generated with natural gas instead of today's most used soce, how much are co2 emissions reduced? up to 30%? 45%? 60%? the answer is... up to 60% less. and that's a big reason why the u.s. is a world leader in reducing co2 emissions. take the energy quiz. energy lives here. ♪ >>> everybody day you walk through stock recommendation, street stories, whatever. today, got mr. herb greenberg riding shotgun. calling this the noteless version. wing this baby. >> we are. >> are you ready? starting with tesla. earnings not out until the 19th of febr

all that, of course, will be covered on cnbc when the pretty releases its results. moscow is reportedly planning to review a 15 billion bailout detail agreed to last year when it says it would drop a plan with ties for the eu. ian williams has been following the latest from kiev. he's filed this report. >> thecades are quiet this morning. the atmosphere on the square behind me, pretty subdued. the numbers well down on what we have seen in recent days. once again, the action will be in parliament, which will be considering constitutional amendments reducing the power of the presidency. also will be talking about amnesty for arrested protesters. this comes on the heels on the resignation of the prime minister and the scrapping of tough anti-protest laws. the question is whether that will be sfusht to end these protests, calling for the resignation of the president himself which as of now is not on offer. their credibility among the protesters is not high. but as of this morning, all eyes will be on parliament and this city remains very tense. ian williams, cnbc news,

. >> welcome to "60 minutes on cnbc." i'm lesley stahl. in this edition, we examine the boardroom intrigue at hewlett-packard between 2005 and 2007. it was a tumultuous saga that led to criminal charges, executive firings, accusations of sexism, and lots and lots of finger-pointing. and in the midst of it all, three of the protagonists told me their sides of the story -- pattie dunn, thomas perkins, and carly fiorina. we begin with pattie dunn. it was 2005, and she was appointed chairman of hewlett-packard. yet just 20 months later, dunn was gone from hp due to her participation in an internal investigation that involved spying on members of the board. less than a month later, dunn was charged with four felony counts for her role in that investigation. in october 2006, only hours after the criminal charges against her were announced, pattie dunn sat down with me to talk about what happened at hewlett-packard. let me ask you the obvious question that i think every lawyer who's watching this is asking himself or herself. why are you giving u

don chu is back at cnbc. >> melissa, you want to talk about hitting a hot streak. if you look at some of america's biggest gaming companies and casino operators. on a down day for the markets in some way or show, names like wyn, las vegas sands are heading to the up side. the rest of the broader market is trying to keep above water for the year. these stocks have been on fire. las vegas sands is up 4% year to date. wyn is up and mgm is up around 12. this isn't a vegas story. like you said, it's a china one. these companies all operate asia gaming hubs to operations in macau as well. last year wynn generated 70% from macau. macau hit a gaming record in 2013. the bullish story is there if the macau story. >> thank you, don chu. the question, will the gaming streak continue. let's go to carter. hi, carter? >> i think the exposure and if you're a short seller, get in motion. two charts. first you have something that's basically gone from 80, almost triple. having been on a well-defined trend, it's now too far above trend. this is a problem. meaning, if you can stay at

cnbc's morgue yag presenten has more for us from cnbc hq in the states.orning, morgan. >> did morning, ross. google is ridding itself of a financial headache selling its protect to leno foe for $2.9 billion. at the time, they were surprised google didn't sell the hand set business, instead, choosing to sell it as a separate company. google will hold on to a majority type of motorola's mobile patents which are considered a prize asset. in a blog post, google's larry page says the smartphone market is super competitive and to thrive it helps to be all in when it comes to making mobile twices. page says the company will continue to focus on developing its android platform for a new range of products, including wearable devices and connected gadgets for the home. a tech analyst says the deal is a win-win for google as it keeps most of the motorola's patents and the sale will boost operating margins. a recent report shows samsung had more than 30% of the global smartphone market. they each had about 4%. they spoke about the motivation for the deal. i think len

welcome to "squawk box" here on cnbc. in davos, switzerland, for the final day at the world economic forum. i'm becky quick along with andrew ross sorkin and joe kernen. we have a huge lineup for you today including the ceos of ubs. eric cantor just came from a panel, right? >> and glenn hutchins. >> and we have two contenders for the top 25. and we caught up with bono and the george soros. we'll hear from this em in a moment. but first, to today's top stories. >>> microsoft posting better-than-expected earnings after the close. the results were helped by strong sales and software for services and businesses and a solid holiday season for its new xbox game console and surface tablet. also, a slightly lower tax bill helped out, too. no word from the company on its

. >> welcome to 60 minutes on cnbc. i'm morley safer. in this edition, we look at the effect of three disasters: the massive 2010 gulf oil spill, the chilean mine collapse that trapped 33 miners underground for weeks, and, in 2011, the massive earthquake in japan followed by a devastating tsunami. we begin with the bp oil spill and kenneth feinberg, the lawyer who is the go-to guy for thankless jobs, america's arbiter of human suffering. we first met him when he was adjudicating the fund for the almost 3,000 victims of 9/11. in the fall of 2010, we caught up with him again. he now has what in sheer numbers may be the biggest headache of all: compensating the thousands of angry people affected by the spill. feinberg held town meetings for weeks in the gulf states, where, armed only with his reputation and a $20 billion pot of money, he called for patience and accepted all blame. >> i don't care what bp did before. no more bp. blame me. don't blame bp anymore. >> feinberg may be perceived by most americans as the fairest in the land-- if n

[ticking] >> welcome to 60 minutes on cnbc. i'm morley safer. in this edition, we look at the serious business of philanthropy. bill and melinda gates take us inside their foundation, we examine the unintended legacy of howard hughes, and meet a staten island woman helping children maimed by war. we begin with bill and melinda gates. with their plan to give away $60 billion, they're the most generous philanthropists in the world. they want to make american kids among the best-educated on earth. and while they're doing that, they also intend to save millions of lives worldwide. the gates shun publicity, but in october 2010, melinda gates agreed to show scott pelley the nuts and bolts of giving away a fortune. [train whistles] >> the north of india, where it is a short drive from the big city to the middle ages. [animals bellow] in the countryside of india's most crowded state, uttar pradesh, often, food is scarce, electricity nonexistent, women and infants die in childbirth, and medicine remains in the realm of superstition. it's exactly what mel

[ticking] >> welcome to 60 minutes on cnbc. i'm steve kroft. in this edition, we talk with julian assange, the mysterious and eccentric founder of wikileaks, whose website made public thousands of u.s. secrets. and we examine the secret danger behind a type of dust that's killing american factory workers. we begin with wikileaks, a website that publishes classified and suppressed material from whistle-blowers around the world. in the late summer of 2011, wikileaks made news when someone--it's not clear who-- dumped 250,000 unredacted and classified state department and pentagon documents, which had been in wikileaks' possession, onto the internet. when we interviewed assange, he was already under investigation by the justice department for publishing classified material and possible violations of the espionage act. he was also under house arrest in britain, fighting extradition to sweden in connection with two sexual assault cases, which he has called part of a smear campaign against him. in what is still his most extensive television interview

it's a cnbc newsmaker interview you do not want to miss.y barra's only live extended interview here at the north american international auto show. a big day, julia, not only with miss barra but as well a number of automakers with big unveils coming up. and we'll be here all day long with that. back to you. >> thank you so much. we certainly basketball keeping an eye open for all those things, including the gmc out there. >>> joining us for more on the auto sector, thomas beslin, head ceo at keppler shepherd. tell us why you are still bullish after two years. >> we have three major reasons. first, we are seeing a very favorable environment for light vehicles. we have it growing a bit more than 4% in 2014 after growing 3% in 2013. we think with europe turning, it's also key major support for european stocks as we have seen in the u.s., for instance, into 2009 and 2010, we are two or three years behind in europe. and thirdly, evaluation remains broad on the stocks. we are watching price earnings, and the cycle still looks effective to me. >> t

>> welcome to 60 minutes on cnbc. i'm steve kroft. in this edition, we talk with a trio of business moguls, carl icahn, eli broad, and sir howard stringer. we begin with carl icahn. it takes a certain breed of stock market investor to thrive in queasy times, and icahn is one of that breed. he has a knack of turning someone else's loss into profit for himself. but he can also help others improve their bottom line through the so-called icahn lift, an upward bounce that often happens when he starts buying a beleaguered stock. when the financial crisis hit in 2008, many investors were tearing their hair out, but not icahn. the state of the economy changes, but icahn's investment philosophy remains the same. as he told leslie stahl in march of 2008, carl icahn looks to pounce while everyone else is losing their shirts. >> the day we visited icahn enterprises, the stock market was swinging wildly, at one point, dropping 300 points. so has this been a bad day? this is not a great day. >> tough day, tough day. >> wow, this is beautiful. look

thank you very much for joining us here on cnbc. i know you have been with jim cramer on "mad money." he likes perrigo and has been right. you're up over 55% over 12 months. have a great conference. not a household name, but a name that you probably buy the products for yourself and your family. they will try to make that name a little more top of mind with consumers. >> fantastic stuff. we have got of course two more ceos and one president to go. two ceos down, two more to go and a president. it's all happening on this show. on deck back here at the cnbc mothership, it is a "streak talk" upgrade-palooza. then we kick it back out to san fran, where josh lipton will be digging in on some high tech health care names set to ipo. do not want to miss it. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into act

now, access live cnbc tv with your bare hands. on your ipad, iphone. it's an app, it's video, it's cnbc tv live and on demand, online and away. >>> we're riding the delicious magical money mystery tour tonight, and i'm giving you the life lessons i learned the hard way. i told you first how to get your kids started early. i told you about how nothing should ever stop you from investing. listen, if i can do it living in a 1977 ford fairmont, you can put money away too. right now i want to tell you how i got started in individual stock picking, something i still believe in, even after seemingly interminable periods of pain, chaos and chicanery. yes, it's the reason i believe you watch, certainly your inclination. that's much like the funny outfits, the references and the outrageous sound board courtesy of when i used to have a radio show similar to "mad money" called real money. if you're picking stocks, playing with real money, not just with a ledger, or with a game of stocks and bonds, you need to open an account. when i got started in 1979 there was n

now, cnbc celebrating its 25th anniversary. toefr past 25 years. you can vote at cnbc..com/25.ck tonight. this is an easy one. he's leading the poll. he's my pick tonight. i will come in with jimmy to hear this. i don't think anybody will deal with this. two things i really like about steve jobs. number one, he made people want to buy things they didn't know they wanted to buy. iphones, ipads. ipods. people didn't know about this. he made people feel they needed it. i think that's a true visionary. secondly, one thing i love, he failed. failure with the early apple computer. then he picked himself up and succeeded beyond anybody's wildest dreams. jimmy, you can't deny jobs. you have to have jobs, right? >> i think you have to have him high on the list as a great capitalist. i have found a greater capitalist. >> who is that? >> that would be dun xao pang. should i explain? >> yes. i want to hear it. >> not just because he opened up china to capitalism, the get rich is glorious in 1979. in the early '90s after a tiananmen square there was a chance of china backsliding from capita

now, access live cnbc tv with your bare hands. on your ipad, iphone. it's an app, it's video, it's cnbc tv live and on demand, online and away. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and stadiums. but, of course, it's a good listener too. [ female announcer ] today cisco is connecting the internet of everything. so everything works like never before. [ female announcer ] today cisco is connecting the internet of everything. if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works

. >> welcome to 60 minutes on cnbc. i'm steve kroft.n this edition, we meet two silicon valley billionaires a generation apart who revolutionized the world of computing and the internet. facebook ceo mark zuckerberg and paul allen, microsoft's cofounder. we begin with mark zuckerberg and facebook. if you have a facebook account, you've probably reconnected with an old pal, shared photos with your family, and gotten advice from your friends on what to buy and what to read. but facebook has bigger plans. it wants to turn the entire web into one big social network. lesley stahl first talked with mark zuckerberg in 2008, and three years later, we sat down with mark again. he gave us a preview of his site's new profile page, a change that would affect the 500 million people who were then using facebook, an idea that zuckerberg had cooked up in his dorm room at harvard. >> when you first thought about this--19 years old--is this what you had in mind? did you see this far into the future, or is it way beyond what you dreamed? >> well, it's fun

very quickly before you go, we are doing our cnbc 25.ou describe as the most influential person over the last 25 years in business, finance or macro economic policy? you can't say jon corzine. >> as mr. bric, i have to say somebody that's been at the core of that story, in particular the rise of china. 25 years ago, china was $350 billion, it's just gone over $9 trillion. on your list, maybe jack welsh but given my biggest passion, it has to be alex ferguson, the manager of manchester united. look at it without alex. >> we have to leave it there. great to have you on "street signs." jim o'neill. >> alex ferguson. formerly of manchester united. >>> on deck, could facebook actually lose 80% of its users? a princeton study says it's possible. does that mean it's time to get out of the stock? >>> later on, small cars getting crushed in recent crash tests. is your make safe? stick around to find out. [ tires screech ] [ car alarm chirps ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze, and recondition e

. >> welcome to 60 minutes on cnbc. i'm steve kroft. in this edition, we look at the world of big deals on wall street and in las vegas and examine the impact of high-speed computers in both places. we begin with perhaps the most famous investor of them all, warren buffett. his fame extends far beyond wall street, his oldest son, howard, not so much. and yet he's the person warren buffett wants to succeed him as chairman of berkshire hathaway, the mega holding company that buffett built. for most of his adult life, howard has been a corn and soybean farmer in nebraska and illinois. and as lesley stahl first reported in december of 2011, howard doesn't live the high life, and he loves getting down in the dirt. >> this is the man who'll become the next chairman of the company-acquiring, investment-picking, moneymaking machine berkshire hathaway if warren buffett has his way. howard is a farmer who would rather dig up the ground and drive big machines than sit in a boardroom. were you stunned? were you surprised? >> i was surprised. >> but

here's what the aetna ceo had to say to cnbc this morning? >> may 15th we have to submit rates for 2015. will we get beat up because they are double digit or just have to pull out of the program. those questions can't be answered until we see the population we have today. >> so if the insurers pull out is obamacare destined to crumble. is the individual mandate dead in the water? >>> we bring in matt isleses, and our friend is a senior fellow at the manhattan institute. mr. bertolini said some important things here, the population is very small here, 11 million. that's not very good. most importantly i think he's saying there is not enough consumer choice, not enough market freedom, and therefore there's going to have to be big premium hikes and therefore he may have to leave the system all together. now, he's got no skin in the political game. he's just being a businessman. what's your response to his complaints? >> well, i have a lot of respect for aetna. it has a great and storied history, but i think we have to look at this as a long-term

eastern on cnbc. keep it right here you are watching cnbc first in business worldwide. huh, fifteen minutes could save you fifteen percent or more on car insurance. yeah. everybody knows that. did you know there is an oldest trick in the book? what? trick number one. look-est over there. ha ha. made-est thou look. so end-eth the trick. hey.... yes.... geico. fifteen minutes could save you... well, you know. >>> the overall stock market recovering from its recent losses, at least so far today. the dow up 86 points but apple having its worst day in a year after reporting its earnings last night, and they weren't bad. jon fortt, why is the fallout so doggone intense? >> tyler, it's the iphone number and the guidance. the street was looking for something close to 55 million iphones and got 51. that's particularly disappointing since apple actually built up some channel inventory during the quarter, which brings us to the guidance. $43 billion in revenue plus or minus a billion. analysts wanted 46. even with expanding distribution in japan and china, iphone growth appears to

cnbc is turning 25 this year.t on how the world may look 25 years from now. we are speaking to a futurist who says democracy and capitalism may be dwindling globally. >> i spoke with a marketing guru. does intensive research about global trends. the rise of the arab spring has led to a lot of speculation that we're beginning to see a wave of democracy breaking out in that part of the world. it hasn't happened. and he says it's not going to happen. >> i'm an american by choice. but i have bad news for americans. american democracy in 25 years will not be the way of functioning around the world. i'm in dubai. they tell us, your american democracy, what do you mean? pornography? same-sex marriage? violence all the time? now, free drugs in colorado. is that what you mean? we don't want that. >> so, while we associate democracy with freedom, a lot of people associate democracy with chaos. and he says democracy never arrives in china. >> do democracy and capitalism go hand in hand. >> there's an experiment under way in

>> welcome to 60 minutes on cnbc. i'm bob simon. even though fraud played a significant role in the 2008 meltdown of the american economy, as of late 2012, there have been several civil suits filed against major wall street financial firms, but not a single criminal prosecution. in this edition, we look back at the 2008 financial crisis and the failure of government regulators to prosecute those who might be criminally responsible. later, lehman brothers bankruptcy investigator anton valukas shares his findings on the collapse of the giant investment bank where no senior official has ever faced charges in the biggest bankruptcy in u.s. history. but first we begin with a nine-month 60 minutes investigation looking for wall street cases that might have prosecutorial merit. in december 2011, steve kroft reported on two such cases. we begin with a woman named eileen foster, a former senior executive at countrywide financial, one of the epicenters of the crisis. >> do you believe that there are people at countrywide who belong behind bar

cnbc is 25 years old now. on the top of the list? >> the most important -- >> the most important in the past 25 years when it comes to the transformation of your business. >> well, you know, i mean, lucas and spielberg. yeah, certainly those. >> okay. >> and lucas, i mean, what he did with, you know, sound and, you know, but i'd have to think about it. but -- you do well with spielberg. >> i think liberace is up there, too. >> and liberace. >> clearly. >> matt, thank you very much. we know we're not the center of your life, but we'll do our best to help you connect to what is. >>> well, a great morning. that was a lot of fun. tomorrow we have an exclusive interview with jamie dimon. make sure you join us. "squawk on the street" starts right now. ♪ >>> good wednesday morning, welcome to "squawk on the street." i'm carl quintanilla with jim cramer and david faber at a snowy new york stock exchange. the snow may have been tough on

cnbc is officially celebrating our 25th anniversary starting right now, and one of the many things that we're doing is listing the 25 most influential men and women in business. that number, however, starts at 200. there are 200 men and women on our list so far, so we need your help to debate those names and narrow the list to 25. see how involved you can get today. we would love to hear from you. >>> another number is 21. jim cramer is here to talk about the 21 ceos he thinks are worth betting on. the "mad money" man says the ceos behind these 21 stocks are worth investing in and the list is coming up in just about one minute. another big number today? 48. in roman numerals as the countdown to the big game begins, we have the three men on the super bowl committee, woody johnson, jonathan tisch and al kelly join us. jim cramer and tyler are with us as well, getting set for cramer's list of 21 bankable ceos. first we want to start with updating you on the other big themes of the day today. one of them is the dow which is down 34 points right now. the s&p, a fractional gain on the trading

eastern time only on cnbc.de multi-millionaire and billionaire tycoons, give budding entrepreneurs the chance to make their dreams come true and potentially secure business deals that could make them millionaires. this is a former winner, todd wilson of mr. todd's pie factory. he got out of his bakery and is getting into his mobile bakery truck to head to cnbc with dreams of becoming an fbi agent or a lawyer. he quickly turned his hand to the kitchen, serving up a host of pies from buttermilk to coconut pie -- buttermilk coconut pie, i should say, oreo cheesecake to good old-fashioned apple pie. hard to beat that. and here they are together. >> you were the first guy in the "shark tank" on the very first show. >> what do you call it, sacrificial lamb? >> how did it go? what did it mean to your business? >> amazing. that's probably why i'm here talking to you today. that was back in 2009, as you know. just phenomenal. leaps and bounds since that day back in august 2009. >> describe the stress that you went throu

cnbc's own steve liesman.g back cnbc contributor jim peth cukis, who has generally been a supporter of bernanke qe. jimmy, bernanke says it worked. do you agree? >> i think it -- i do agree to the extent i think it offset some of those headwinds that he was talking about. what's interesting is that he has really blamed congress for not doing more, not more fiscal stimulus, but i think what people don't recognize, that if congress had done more fiscal stimulus the way bernanke apparently wants to, do he probably would have done less qe. as long as he had that 50% inflation target he would not have don q e if there had been like a second giant stimulus package. so we'd probably have been in the exact same place had they done that. even though he keeps harping on that, i'm not sure it would have made much of a difference. >> it's an odd paradigm if it wouldn't have made much of a difference but they've got all this excess reserves to get rid of. jimmy, what about this proposition? we are now entering into a multi

you're watching cnbc's "worldwide exchange." i'm ross westgate.eadlines from around the globe, equities seeing red. u.s. stocks dropped on the first trading day of the year for the first time since 2008. stocks in europe trying to hold the flat line. >>> spreads between german and spanish ten-year yields are at their lowest in nearly three years as spanish unemployment dropped nearly 2% in december. >>> and new leadership, india's prime minister says he's not seeking another term following his party's secrecy in recent state polls. >>> plus, it's a virtual winter wonderland in the northeastern u.s. a major storm dumping up to two feet of snow, causing a travel nightmare for drivers and airlines. >> announcer: you're watching "worldwide exchange," bricking you business news from around the globe. >> very good morning. if you've just joined us in north america, welcome to the start of your trading day. u.s. stocks down since 2008. the dow having its worst day in months. the worst in three weeks along with the s&p. very light volumes, though. and the

welcome to "squawk box" here on cnbc.ck along with joe kernen and andrew ross sorkin, and we are coming to you live from the mountains of switzerland. davos to be precise. this is the host city of the world economic forum and again we have an embarrassment of riches today for the show. topping off our line-up today, one of the contenders for cnbc's first 25 leaders, icons and rebels, jpmorgan's chairman and ceo jamie dimon. we have treasury secretary jack lew, larry summers, commerce secretary penny prizker, muhtar kent, steve schwarzman and goldie hawn. >> "laugh in" was a show decades ago, yes, there was a guy named ronan and martin and a lot of different characters be

at 8:00 eastern time, a cnbc first 25 contender.er jack bogle will be our special guest. find out why he doesn't worry about the emerging market sell-off. back in a moment. >>> time now for today's aflac trivia question. which country installed the most solar panels in 2013? the answer when cnbc "squawk box" continues. ♪ yeah, he's clean, boss. now listen to me, duck. i have an associate that met with, uh, an unfortunate accident. while he's been incapacitated, somebody's been paying him cash. now, is this your doing? aflac? now, if i met with some such accident, would aflac pay me? ♪ nice. this is your stop. [ male announcer ] find out what aflac can do for you and your family... aflac? [ male announcer ] ...at aflac.com. for you and your family... aflac? sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. [ ding ] i sense you've overpacked, your stomach. tr

the actor, director and producer spoke first to cnbc about the venture. hear what he had to say after this. fifteen minutes could save you fifteen percent or more on car insurance. yeah. everybody knows that. did you know there is an oldest trick in the book? what? trick number one. look-est over there. ha ha. made-est thou look. so end-eth the trick. hey.... yes.... geico. fifteen minutes could save you... well, you know. ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ [ male announcer ] the beautifully practical and practically beautiful cadillac srx. lease this 2014 cadillac srx for around $319 a month with premium care maintenance included. ♪ >>> japan's trade deficit nearly doubled from the year before. here's more for us from tokyo. hi makiko. >> this is the third time they fell into the red after the massive tsunami in 2010. exports grew for the first time in three years up 10% to $680 billion. but it wasn't enough to make up for the ever-increasing imports of fuel, essential due to the co

comcast is the parent network of nbc universe ideal which runs cnbc.ere's herbalife and new skin after the fda did not name them. they fell after the agency said it would make an announcement regarding fad weight loss produc products. on the downside, netflix taking a hit as morgan stanley down grades the stock to an underweight from an equal weight citing increased competition from the likes of amazon prime and hulu. >> heading toward the close, look at this. pretty good rally. if you haven't been watching at all so far in 2014 and this is your furs time, you're going to think, we're we go again. far be it. we're finally getting a rally. >> despite today's big rally, bob dahl says he thinks the market is getting ready for a big sell-off. >>> also, the energy industry is lobbying congress to overturn the ban on exporting domestic crude oil, but one of our next guests says exporting oil would send gasoline prices skyrocketing here in the united states. we'll hear from both sides of what has been a controversial issue. >>> plenty of analysts have been ju

cnbc the producer of "nightly business report" turns 25 this year. to help commemorate that event, cnbc will nominate a list of leaders, icons and rebels who have had the greatest influence on the economy and business over the past quarter century. to see an initial list of 200 candidates go to nbr.com. the final list will be revealed in april. >>> as tyler mentioned just a moment ago, the other milestone is about "nightly business report." today is our 35th anniversary. back on january 22nd, 1979, miami's public television station launched nbr. it was the first daily business news program on television. >>> "nightly business report." >> dell frank and linda o'brien were the first to anchor. paul kangus did the stock market commentary and and allen greenspan, a private economist back then was the first regular commentator and continued in that role until he became chairman of the federal reserve. you know, over the years, tyler, there have been so many recognitions, so many awards. too many to mention here. but one of them was partnering nbr partneri

welcome to "squawk box" here on cnbc. we are live in davos, switzerland, for the final day at the world economic forum. i'm becky quick along with andrew ross sorkin and joe kernen. we have a huge lineup for you today including the ceos of ubs. eric cantor just came from a panel, right? >> and glenn hutchins. >> and we have two contenders for the top 25. and we caught up with bono and the george soros. we'll hear from this em in a moment. but first, to today's top stories. >>> microsoft posting better-than-expected earnings after the close. the results were helped by strong sales and software for services and businesses and a solid holiday season for its new xbox game console and surface tablet. also, a slightly lower tax bill helped out, too. no word from the company on its ceo search just yet. >> starbucks is boosting its forecast despite slower growth. same-store sales cooled more than expected at online shopping kept consumers at home. >>> and a boeing executive says the reliability of the 787 dreamliner is slowly imp

just worth putting up that cnbc news group is a minority share owner.ock not helped by those comments, down another 1% today. you know, do you still like your keyboard? my personal phone is an iphone, but i still like the blackberry for work because it's easier for me to type. i don't know why. i just -- my thumb res clumsy when i try to type quickly on the iphone, so i find this a lot better for work overall. i see a lot of people with that dual phone situation. just for work. but when searching for an app or something like that, you want an android or an iphone. that's one of the things that i think they should concentrate on. the fact that that keyboard makes it much easier to write e-mails which is something that you do need to do when, you know, you're in business and need to return those e-mails quickly. >> on yeah. all right, bertha, thanks for that. good to see you. still to come, pass u.s. warms up on its polar vortex, how can they cope with unpredictable cancellations? welcome back. how is everything? there's nothing like being your own boss!