of 60 minutes on cnbc. i'm bob simon. thank you for joining us. [ticking] [ticking] >> one of the threats from the great recession was the sudden surge in the number of abandoned houses. vacant homes have become so ruinous to some neighborhoods that one city, cleveland, decided it had to find a solution. perfectly good homes... once worth $75,000 and $100,000 or more... are being ripped to splinters in cleveland. [ticking] the new manned space program rocket was supposed to be called constellation. >> mm-hmm. >> and now you guys call it-- >> all: cancellation. >> unfortunately. >> they had been counting on a new space program in brevard county, florida, for years, but it didn't happen. >> and liftoff. the final liftoff of atlantis. >> and after the last space shuttle mission touched down... >> this is a matter of national pride. >> things around the kennedy space center changed in a way that may surprise you. [ticking] >> inside, you feel like a part of you has been ripped out from losing a job. >> 1/3 of the unemployed have been out of work for m

the cnbc disruptor 50 continues on cnbc. >> welcome back, everybody. disruptor 50 list. right now we are sitting down with the innovators behind some of these game changing companies. we're joined by the co-founder and chief technology officer of kymeta. before we get to that julia boorstin will tell us what it is and why it works. >> the business of internet connectivity is ripe for disruption. the companies on our list are working on a variety of new technologies. kymeta invented a reimagined satellite antenna with futuristic sounding technology, a meta material invisibility cloak. that kymeta antenna provides high quality broad band access to any moving platform like trucks, boats and airplanes. and the portable receivers can be a game changing for emergency responders, aid organizations and news reporters in the field. two other companies on the list have very different approaches to improving connectivity around the world. a company called fon lets users share their wi-fi with each other and kumu networks is removing radio interference. so joining

that's the latest from beijing, cnbc's eunice yoon. >>> the u.s.ice sector has been slow to recover from the recession with weak jobs growth and skittish employers leaving many spaces vacant. with bigger tenants harder to come by, office landlords are looking to change their business model. krshs's diann -- cnbc's diana o. >> reporter: more than a dozen small companies barely stick out from each other, but they are plugged in. >> what we're doing is doing it top down from here. let's dangle all this money in front of the high-growth companies and make them a compelling offer. >> reporter: venture capitalist paul singh has funded hundreds of startups but recently he noticed a new niche. >> the gap now is in the middle, whether you have revenue, a million bucks in revenue, seven or ten people working for you. it's hard to raise the money you need at that gap. where do you actually put them? >> reporter: if you're singh's new $50 million crystal tech fund you put them here in a collaborative work space owned by one of the nation's largest publicly tra

also on cnbc's disrupt your 50 list. docusign joining us next. ♪ ♪fame, makes a man take things over♪ ♪fame, lets him loose, hard to swallow♪ ♪fame, puts you there where things are hollow♪ the evolution of luxury continues. the next generation 2015 escalade. ♪fame that's why i always choose the fastest intern.r slow. the fastest printer. the fastest lunch. turkey club. the fastest pencil sharpener. the fastest elevator. the fastest speed dial. the fastest office plant. so why wouldn't i choose the fastest wifi? i would. switch to comcast business internet and get the fastest wifi included. comcast business. built for business. >>> and today we're unveiling the cnbc disrupter 50. take a look at docusign, the 11-year-old company setting the standard for e-signature and changing the ways deals are done. sign on the dotted e-line. docusign the cloud based e-signature technology allows users to ditch isly prepare, sign and send and manage documents securely without ever relying on pen, paper or fax machines. available in 44 l

we go to cnbc headquarters with more.. >> reporter: the web hosting firm fell for an ipo on monday, looking to raise up to $100 million. although that number could change. go daddy didn't specify how many shares it would offer, an expected price range or where it will list. it registered about 57 million domain names as the enof last year. go daddy has long been known for its risque super bowl ads, though it toned things down this year. it was bought in 2011 for $2.25 billion. bill parsons still owns a 28% stake. >>> the u.s. ipo market has cooled off recently along with a pull back in valuations and high growth stocks. renaissance capital says 117 companies have listed this year, up 52% from this time last year. of those, 73 deals are trading above the ipo price. >>> tunnu priced on $9 a change on may 9th, jumped 12% on its first day. the stock has nearly doubled on its ipo price. >>> nephrogenics fell about 4% on its first day and lost nearly half of its value since then. louisa? >> seema, good to see you. i might see y

introducing the cnbc disrupter 50.status quo threatening public giants, today digging deep into chargepoint. before its ceo joins us on-set, julia boorstin xplaexplains whae company does. >> reporter: put your traditional gas station out of business. the company started building a network of charging stations in 2007, and now has more than 17,000 places to charge cars on four continents, and more than 2,600 customers to date. including target, whole foods disney and a number of parking service providers. chargepoint sells as charging stations where drivers can plug in plus cloud stations for other stations. at the market for electric vehicles grows, chargepoint is expanding its focus to include the residential market as well. fueling that growth, $112 million in financing from bmw, toyota and venture capital and perkins among others. >> joining us now on-set, chargepoint ceo pascual romano along with our own julia boorstin. congratulations. what is next for you? what does growth go from here? >> we're just scratching i

i want to bring in our cnbc contributor.ve talked to store managers who also know him. what do you think about all this and whether or not what's happening is justified? >> well, i think, you know, if i'm called to serve on either of those boards, i'm going to turn them down. >> right. >> working with dysfunctional boards at retailers is really difficult for the company to do well. do i think that dov is a very creative guy? do i think the first american apparel store was fabulous? they were the first to do rfid, their display was great. i thought their edgy website and advertising stuff was edgy, wasn't really suitable for parents, but kids like it. i thought it was interesting. that doesn't mean you're going to be any good as a ceo. so, absent any other problems and rumors that went around about dov, you know, the company's lost 270 million bucks over the last few years. >> bingo! >> it's trading at -- >> once again, sir, this was a $15 stock in late 2007. it's now a 70-cent stock. >> right. >> so, all the other stuff arou

cnbc's sharon epperson explains why. >> reporter: when it comes to saving for a rainy day, everybodynows what they should do. >> try to save more, try to manage my money a little bit better. >> you kind of live check by check. you never know. >> every time you get paid, you put something aside. >> reporter: there aren't too many people doing it. do you have moneyies put aside for emergencies? >> i do have money -- yeah, no. >> reporter: more than a quarter of americans have no emergency savings. even as the stock market reaches new heights and parts of the economy are slowly starting to improve, americans have made very little progress in their savings according to a new survey by bankrate.com. half of meshes have less than three months of savings saved. fewer than one out of four have six months saved for expenses. the ideal amount. >> this lack of emergency savings and lack of sufficient emergency savings is pervasive. even the top earning households, fewer of them have it. >> reporter: another study by the corporation of enterprise development found that a quarter of middle-class

eastern right here on cnbc.magine having a chute where all of your packages just came from? >> one-hour delivery, sir possible. uber is doing it in new york city right now. the question, can you aggregate demand enough to turn that into a business model you can replicate across a bunch of urban areas? we've said many times, local delivery and logistics, going to be huge. >> the locker es part of that strategy, that didn't pan out. how else will they get there? >> i have no idea. seek pigeons in new york. so many sitting around not doing anything. >> looking for work. >>> to the cme group. rick santelli? >> hi, carl. tell you what, can't wait to see the amazon documentary. david faber does the best. i still watch walmart every time its on. listen, when it comes to the markets, i'm tough on the data. and i try to be objective with the data. today, we're going to err on the other side of it. one thing about the u.s. economy, it's underperforming, but its performance outside of the last quarter is still to the up si

. >> welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we examine two very different kinds of fraud. bernie madoff's wife and surviving son break their silence about wall street's most infamous criminal. and later, we visit a high school con man who figured the best way to make the grade was to cheat the s.a.t.s but first, in december 2008, bernie madoff confessed to running a $65-billion ponzi scheme, the largest financial fraud in history. while madoff is serving 150 years in prison, his family had to deal with the consequences of his crimes. his wife ruth divested of most of her great wealth and derided by a suspicious world. their son mark dead, driven to suicide by shame and accusations of guilt. their other son andrew isolated, trying to live with the disgrace. are they innocent or willing partners? in october of 2011, ruth and andrew gave their first interview since bernie madoff's arrest. they sat down with morley safer to speak out about crime, punishment, and the shame of being a madoff. >> it's a tough name to

built for business. >>> welcome back to cnbc.-cabrera with an update on a developing story. some of the puerto rico's debt is slumping in mid trading session. anything related to their utilities, the water authority, the highway authority, the sewer authority, the immediate reason is the downgrade from moody's, but the reason moody's downgraded is is there's a brand-new law that now allows for the rue structuring the 9 public utilities. significant when investors were considering getting into risky debt, their concerns was it's not a country, not a state, what is their bankruptcy scored in there isn't one, but they built one at least for this section of bonds, so they've been selling off. but in the municipal bond market, that's a huge move intraday, particularly when you look at the electric utilities bonds, some haven't traded since mid april. we're showing an index of a bunch of muni bonds. keep in mind there's all kinds of puerto rico bonds. general obligation bonds actually trading better day, because some investors perceive

cnbc contributor ron asana wrote a marv his piece about it on cnbc.com. it's something we've not had to deal with in this country in my lifetime. he will join us to explain. first, to josh lipton out in silicon valley with breaking news. tyler? >> how much is uber- worth? how about $17 billion. the transportation service just out with news that it has raised 1$1.2 billion in a new funding round valuing the start-up at $1 billion. the company says the total amount raised will actually grow to 1.4 billion once it closes deals with some other investors. uber- does face some challenges, no down. raising money does not appear to be one of the them. taxi companies have complained about the encroachment of uber- in their space. travis kalanick will be joins cnbc's "closing bell" for an exclusive interview at 4:30 p.m. eastern. >> a $17 billion car service company. >>> bertha coombs now for a market flash. hi, bertha. >> hi, tyler, watching ebay at session lows, after robert baird said the company's growth had slowed in the last, and warned it might cause -- it r

call me at 1-800-743-cnbc. or tweet me @jim cramer. anybody who has a high school diploma has almost certainly taken a course in chemistry, some physics probably. a host of history classes and you can graduate from college speaking three languages and having a deep understanding of quantum physics. but you know the one thing they almost never teach you in high school? let alone touch with a ten foot pole in college? financial literacy. and i'm not talking about economics here. totally different kind of class. you could be an e-conmajor and still learn nothing is about retirement readiness or how to balance a darn checkbook, let alone how to invest your money wisely. money, it's just not talked about. it's like the third rail of american education. that's why i'm on a constant mission to teach you about every aspect of managing your money so you can be a better investor both when it comes to investing and your discessionary "mad money" portfolio. which is why i wrote "get rich carefully." you probably have some kind of 401(k) plan where

>> pretty much. >> democrat amazon rising" premieres tonight on cnbc at 9:00. >>> here's a deal. there's a $50,000 grant available as well as two $25,000 grants. we're looking for fresh ideas that move our community forward, so if your nonprofit promotes new and innovative programs, we want you to apply. applications are being accepted until august 8. for more information you can go to our website, www.nbc10.com. [ mom ] when the nest gets too quiet... it's time to find some real harmony, with nature. [ family screams ] elmo! [ wolf, kids howling ] [ train whistles ] [ bird chirps ] [ people screaming ] [ snoring ] music to mom's ears. [ female announcer ] turn your visit into a getaway. busch gardens and water country usa summer packages from just $60 per person per night. [ mom ] we may live in houses, but we're born for busch gardens. . >>> i can't believe we're at the end of june. >> so many events. wawa, welcome america event. blueberry festival. here's what you can expect for the day. 87 degrees, the high, mostly sunny skies and that's going to change for tomorrow. a long a

or direct to us at carolin@cnbc.@cnbcwex. >>> still to come on the show, president obama president obama, harry potter and even the pope have all piped up on issues. >>> and you are looking at live pictures in madrid. prince phillipe has arrived with his wife and daughters where the st constitutional is being changed. obviously, the big topic overnight is that debacle in the football world cup because spain lost again. so they're out of the world cup now. but at least they've got a new king. we're going to get more on that in just a second. >> now, the netherlandss face australia yesterday evening. the dutch took the lead after 20 minutes thanks to robben. and australia hit back just 13 seconds after the restart with tim kale scoring arguably the goal of the tournament so far. and robin van percy put the touch back on just seven minutes later. the winning goal game 68 minutes scoring a 25-yard effort. it's enough to give them a 3-2 win. >> world champion spain took on chile. spain's side never seemed to get into the

a lot of information is provided by bloomberg and reuters and cnbc.'re just putting chrome on it. so the question is can yahoo! make a much better experience with other people's stuff and if you're bloomberg or if you're cnbc or if you're anybody, why do you need to have yahoo! as the middle person? why can't you go directly to apple and provide their app. they have to create apps that are -- they own wholly, i think that's one of the things. and that's why weather channel was allowed to end run them or able to end run yahoo! which it did. end run its own partner. it's interesting. >> kara, great stuff. are youle aing in from a yacht? >> i am. i'm sorry to tell you i am. >> i just wanted to make that clear. >> but that's like going to a coffee shop in san francisco apparently. i've just about had it and can't wait to get back. >> we will see you soon, kara. have a great weekend. i think you're off to a food start. kara swisher joining us on the line. co-executive editor of re/code. >>> kanye west calling the internet ugly at the cannes festival and he

josh lipton, cnbc, san francisco. >> good to see you.ion, as always, is going to be absolutely critical here if google gets it right. this is going to be a huge >> you happen, in terms of wearables, it's created an operating system. but then it's people like samsung and lg who actually make the product. >> and what is the main focal point or the two main focal points that we should be aware of? >> well, i think in items of platform ones, the wearables platform, that's seen by many tech companies as being the net -- you know, the net iphone product, the real game changing thing that done assumers can buy will be something like either a smart watch or some other wearable device. nobody really knows what it is yet. so i think the people who really fwrin whin from when that marke takes off will be like the platform to wear. >> at the same time with the wearables, it seems like they're very much expanding their operating system, it's about android operating systems. >> yes. android wear is a version of android that couples a wearable device w

moments ago you heard from cnbc's top disruptor elon musk.ire list of companies shaking up business is burning up the hot list. alan w with asler are joins us with that and more. >> the disruptor list has been killing it all day long. >> literally? >> 47,000 people have already read the thing. it keeps climbing and climbing. >> wow. >> there are all sortses of companies you know like spotify or those types. there are ones people never heard of like hampton farms and stuff. i have a feeling people are going exploring in the list. that's making it hot. number two, sort of elated, we have the new richest start-up in new york city which is always feeling inferior to silicon valley. it's zocdoc. my favorite of the day, five brain flaws that make you a lousy investor. that's a pick-up from "usa today." people are going to see if they have the flaws. overconfidence? that's one. >> i was going to ask. maybe i'm over confident. have a good afternoon. we'll send it to courtney reagan for a quick earnings alert. >>we got a couple after the bell. la-z-bo

tracy, back to you. >> jackie deangelis with cnbc.k you. >>> 21st century solutions, there's a $50,000 grant available for you as well as two $25,000 grants. and we want to help your good ideas become great ones. politics are being accepted until august 8th. for more information, also to apply, go to our website, nbc10.com. >>> now your nbc 10 first alert weather. >> seven minutes away from sunrise this morning. our skies have a few high clouds in them but they're not going to last. already starting to see the glow of sunlight this morning. a live view of center city from the adventure aquarium. it will be a warmer day today and getting hot this week. jillian, how's the traffic looking. >> it looks pretty good out there. vine street expressway clear in both directions. the vine is clear the entire length of the way. for the most part, speeds in the mid-50s, 64 miles per hour is the average speed right now on the pennsylvania turnpike. i'm still following two accidents. i'll have details coming up in a few minutes. >>> all eyes are on

bertha has more for us at cnbc hq.d answer session for phil at the press conference. >> no, he didn't do very well. but that was not the main headliner or focus. the pro golfer and five-time major tournament winner is cooperating with the insider trading program that involves him, carl icon and billy walters. on friday the fcc said they are looking into bidding he made on clorox in 2011 that came at a time when carl icon was trying to take over the company. he later dropped the proxy fight and they are also looking into trades with another food company that do not involve icon. he addressed the shoe on saturday. >> i have done absolutely nothing wrong. that's why i am fully cooperating with the fbi agents and am happy to do so in the future until this gets resolved. but for right now, hopefully it will be soon, but for right now i really can't talk much about it. it's not going to change the way i carry myself. honestly, i have done nothing wrong. i'm not going to walk around any other way. >> carl icahn says to cnbc h

cnbc's senior economics reporter steve liesman has the details about all american economic survey. good morning. >> good morning. this is big news in our survey. for two years running now, americans told us gold was their favorite invest-pointment. but gold has fallen. this is the data we'll show you from 2012. you can see here it wasn't even close. gold going away, by the 800 americans we survey every

fedex's ceo, fred smith, is live on closing bell at 4:00 eastern on cnbc.are a twitter user on the edge of 140 characters or want to know who is clicking links you share and how many times, our next guess is trying to solve the digital problems. mark josephson is the ceo of bit.ly. shortening links, and if you're like me, a twitter user, i use it every time i tweet. the question is, though, how do you make money 1234 i don't pay. >> sure. having a great product is important. we work with more than 40,000 brands to measure the performance of their links and are paid on a monthly basis to do that. >> i can access analytics, which i think a lot of people don't know, and i think that's important for the company because you are trying to branch out and earn money. >> it's a complex land scape for marketers today in figuring out what is working and what is not. bit.ly is working since 2008 with more than 40,000 brands to understand who is clicking on the links, what's working, what's not working, is facebook better than twitter for this campaign, et cetera. >> wh

cnbc n barney but he just can't get out.ith theechnology of cloud, we change all that. i can sing something into my device. up to the cloud it goes. back down it comes sounding better. we break down the walls of creation, and we give music creation for the masses. ♪ ♪ but we're not in the business of spokespenaming names.kswagen passat is heads above the competition, the fact is, it comes standard with an engine that's been called the benchmark of its class. really, guys, i thought... it also has more rear legroom than other midsize sedans. and the volkswagen passat has a lower starting price than... much better. vo: hurry in and get 0% apr for 60 months on 2014 passat gasoline models plus a $1000 contract bonus. >>> okay. welcome back. you can see how the markets look with just a few minutes to go here. the dow is still down just about triple digits, off the worst levels, down 93 point. joining us now is randy frederick from charles squash and robert sew adunis from jenson investment management. welcome to you both. what is

or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.on't just visit new york. visit tripadvisor new york. with millions of reviews, tripadvisor makes any destination better. you need to see this. show 'em the curve. ♪ do you know what this means? the greater the curvature, the bigger the difference. [sci-fi tractor beam sound] ...sucked me right in... it's beautiful. gotta admit one thing... ...can't beat the view. ♪ introducing the world's first curved ultra high definition television from samsung. for it's a challengefornia fostto replace clothes that are too small or worn out. i grew 3 inches last year. i don't need anything fancy. i never had much to begin with. when i look nice on the outside, i feel better on the inside. to help, sleep train is collecting new clothes for kids big and small. bring your gift to any sleep train, and help make a foster child's day a little brighter. not everyone can be a foster parent, but anyone can help a foster child. >>> what do we do with dunkin brands? the owner of two major chains, dunkin' donu

in a cnbc exclusive later on in the show. stay tuned. there's a saying around here, you stand behind what you say. around here you don't make excuses. you make commitments. and when you can't live up to them, you own up, and make it right. some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where it's needed most. but i know you'll still find it when you know where to look. geicmoney for over 75 years.save they've really stood the test of time. much like these majestic rocky mountains. which must be named after the... that would be rocky the flying squirrel, mr. gecko sir. obviously! ahh come on bullwinkle, they're named after... ...first president george rockington! that doesn't even make any sense...mr...uhh...winkle. geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> earnings alert on restoration hardware. dom. >> so we got a nice trade up about 12%. the stock is spiking in the after hours after the company reported better than exp

plus, one big name missing out on the cnbc disrupter 50.you who missed out on that dubious distinction. that's been called the benchmark of its class. really, guys, i thought... it also has more rear legroom than other midsize sedans. and the volkswagen passat has a lower starting price than... much better. vo: hurry in and get 0% apr for 60 months on 2014 passat gasoline models plus a $1000 contract bonus. we stathat the kid onhe thought the back of the bus might have a song that he has in his head but he just can't get out. with the technology of cloud, we change all that. i can sing something into my device. up to the cloud it goes. back down it comes sounding better. we break down the walls of creation, and we give music creation for the masses. ♪ ♪ tap it here, digital insurance id card. and tap it here, boom, roadside assistance. on'tday ooklay, it's axwellmay. the igpay? otallytay. take an icturepay! onephay, onephay! really, pig latin? [ male announcer ] geico. anywhere, anytime. just an aptay away on the geico appay. >>> samsung ha

my job is not just to entertain you but educate you so call me. 1-800-743-cnbc. investing isn't easy but can be easier and less daunting than you think with a little

is our cnbc live vote question. are you worried about privacy on face book? go to cnbc.com/vote. we're moving our company to new york state. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ >>> last day of the month and last day of the first half. the nasdaq had a good run, up 4% in june and trading today at the highest level since april of 2000. seema mody following the big movers there, including go pro, the r

a cnbc exclusive you do not want to miss. >>> you think this market is boring, hang tight.e are about to heat things up, even in a record high market, traders are finding stocks with attractive price tags. our bang the table trades are next. we will be right back. care what age you are. take it on the way you always have. live healthy and take one a day women's 50+. a complete multivitamin with 7 antioxidants to support cell health. age? who cares. can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves. >>> welcome back. our next guest runs the largest distress fund and legendary on wall street for daring to be grattettest investor. howard marks is founder of oak tree capital, $86 billion under management and join us today

let's bring in two cnbc contributors to help get you through the markets.hese auto sales numbers are absolutely incredible. you've got good numbers on factory orders. you have to wonder now that we're not seeing much of a stock market reaction, how much of the better economic news is already baked into these record high stocks? >> i don't think investors have even begun to appreciate the better economic news. we have been conditioned by five years of a crummy recovery to this idea that we're going to have 2% growth as the new normal. folk, the age of the new normal is over. we're about to see a sequence of beat after beat after beat on all the macro numbers. we are going to have quarters in 2014 and 2015 where real gdp has a five handle. the stock market has it right by being at new all-time highs. the bond market is the one that has it wrong. >> rich, do you agree with that extremely optimistic view on the u.s. economy and the u.s. equity market? >> well, i'm not sure i can say we're going to beat every number the way don did but i will tell you the risk i

. >>> staying with the outlook for the old markets, a vast majority of respondents to our cnbc weekly survey say 92% expect benchmark crude prices to extend gains this week as the iraq conflict threatens supplies from the second largest producer. strategists also warn that any disruption to exports from the terminals south may send crude oil prices and red contracts to $220 a barrel, possibly higher. and they set a price like that would likely tricker action by saidee arabia. what do you think, are oil prices set to move higher and by how much? if you want to join the conversation here on "worldwide exchange," get in touch with us by e-mail at worldwide@cnbc.com. or by wet the er wet thor twitt. >>> heading to london for a summit and meeting with the prime minister. find out what to expect from his visit and what deals could be signed. >>> and hitting a five-month high by fuel costs. we'll break down the numbers when we go out live to mumbai. >>> and we have been to paris as the french government tries to convince the u.s. authorities to reduce the potential $10 billion fine on bnp pa

you can read more about the inflation trends on cnbc. it's a real transformition. >> absolutely. absolutely. we're going to deep tabs on that. i know you'll do that for us. thank you, bertha, very much. >>> we had another big health story, pretty insatire, coming straight from "the washington post." they profiled a young man named ian birk heart, who was paralyzed after a swimming accident. now for the first time since that accident, he's moving his hand. doctors in ohio xwlakted a microchip in ian's brain which stimulates muscle movements based on his thoughts. so in essence, he is willing his hand to move, and it's working. a fantastic video the electrodes are basically helping him to open and close his hand enough to do everyday things we really pretty much take for granted, like brushing his teeth, eating meals, using his laptop, and doing it all on his own. this is raising a lot of hopes and we'll keep following the story. >> pretty inspiring, simon. >> >>> yesterday was existing home sales rising faster than expected. today, diana olick, it's new home sales taking the spotl

cnbc's all-american survey is coming up next. power is back in two. predicting the future is a pretty difficult thing to do. but, manufacturing in the united states means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can restore t levels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these sym

often on cnbc we talk about the big hedge fund managers.become one because the top schools of hedge fund professionals are burning up the cnbc hot list. for that entire hot list allen joins me now. people want to be a master of the universe? >> want to be a master of the universe there's certain schools you should go to that puts you in there. you've got ahold of a survey from e-vestment. bachelor's degree, university of pep pens, top one. going for mba, university of chicago's booth school of business. that's the main channeler there. that has been doing well all day long but it just got trumped by our ism postmortem. you may remember there were a number of problems this morning. >> we went around and made a few calls. they got quite a collection of comments. our favorite one we put in the headline. one analyst is downgrading the economist to pure moron. that's a direct quote? >> a disgruntled trader. >> our third one is mark cuban put out a number of tweets this morning sort of commenting on the phil michelson situation, and, of course, m

you're watching cnbc, first in business worldwide.o) when i was pregnant ...i got lots of advice, but i needed information i could trust. unitedhealthcare's innovative, simple program helps moms stay on track with their doctors to get the right care and guidance. (anncr vo) that's health in numbers. unitedhealthcare. drivers want to go further with their electrical vehicles. but you can't take a trip from lisbon to stockholm if you can't plan and re-charge along the way. the european commission is using cloud to make this possible. creating a single charging and billing network across 28 countries. so drivers can travel as far as they want to go and when they want to go. who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ so the magic shell went back to being a...shell. get live squawks right in your t

cnbc's phil le broe joins us with the latest. you said you felt like the boy who cried wolf because. >> right. >> they have had so many recalls and they keep keep coming and coming. what's the story now? in there the reason i said a lot of people feel like it's the boy that cried wolf, we have heard now for at least three or four weeks, general motors saying both on the record and when they are briefing reporters, we think the peace of recalls is slowing down. that's been the theme for the last three or four weeks. if you go back over the last three or four weengs, over time, there have been a major recall or in the case of today a huge number of recalls, six together 7.6 million recalls, it's the pain problem for general motors this year. we are looking at models built between 1997, 2014 inadvertent ignition key rotation is what a number of these recalls involve, three fatalities, eight injuries may be linked. at this point still too early to say definitively they're linked to these recalls. look at the broader picture here the

delivers alpha, that's the cnbc's conference for the world's biggest investors. cale kelly looking into 11 months ago, and these folks make money for the people who took their advice? >> and we have an all-star roster last year, and also some macro perspectives from major hedge funds, but that was a great question. did the ideas pan out? it turned out it was a mixed bag. in the 11 months since then, our experts had some double-digit successes, but also serious stock spirals, if that's enough illiteration for you. >> larry robbins was one of the most prescient stock pickers. he discussed a number of names in the health care sector, and one of his ideas, miskecken corporallied 5% in the aftermath of the conference. walgreens and thermofisher performed very nicely also. activist nelson peltz also scored with an investment in dupont that he only reluctantly disclosed to andrew sorkin, if you remember that moment. and he also had mon democratic olis which he wanted pepsico to buy. both stocks are up. other ideas proved disappoi disappointing, lost out with his expecta

cnbc contributor. do you think 210 will be tough to do? are we surprised?e under. yes, the adp. i'm looking at the isms and the employment components were below. both of them. manufacturing and services were below the fourth quarter level. i didn't like that. i don't see a steamy comeback from the winter. so i may be absolutely 100% dead wrong. 100,000 error factor in these numbers. it seem to me even while the unemployment claims are low, i didn't like those employment things from the isms. so i'm taking the under. >> zande, where are you? you didn't blame it on some extraneous factor. a lot of people wrote in they hadn't seen that before. it was due to some extraneous factor. was it disappointing? maybe the stimulus finally wore off. >> you can blame jared for that. waoeupl on larry i think it will be on the soft side. >> i'm not hearing mark. >> jerry can't hear me apparently. because of the adp and the ism survey. this monthly data goes up and down. monthly job growth is probably north of 200,000. i don't think he will see it this month but we will over

right here on cnbc, it is friday. we're talking about babies on planes.e'll talk more about that because i have an ally, finally. >> you have an ally in some respects here. >>> aim andrew ross sorkin. becky quick is here. brian sullivan is with us this morning. joe is off today. i'll tell you quickly about some headlines. oracle's quarterly results falling short of expectations. shares falling, though, in extended hours, in extended trading, rather. take a look at that, down about 6% after the market closed. also in washington news, the house ways and means committee will be holding an irs hearing today featuring the agency's commissioner. last week, the irs acknowledged it can't produce those e-mails expected to the tea party investigation. there are mysteries about computer crashes. apparently the hard drives crashed and then they decided if it would blow them away, anyway, legislators want to know how this could happen. a lot of people want to know how this can happen. >> and forget about the political issue. if you complain about it, you're just suppo

eastern and pacific, only here on cnbc. >>> stocks lower today, but only slightly off their lows.n about 12 points. we'll have a look of a few of the big gainers when we return. >>> first, let's see what's coming up on "street signs" after the show. >> a big hour coming up. we're going to talk about tax repatriation. should we have a holidays to help fix or roads and bridges. >>> how do we fix the crisis? senator warren will join us with details of her plan. we'll ask the harder question -- why do we consume so much health care in american? a lot of hot topics on "street signs." now back to sue and simon on "power lunch." ♪ ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ [ birds squawking ] my mom makes airplane engines that can talk. [ birds squawking ] ♪ my mom makes hospitals you can hold in your hand. ♪ my mom can print amazing things right from her computer. [ whirring ] [ train whistle blows ] my mom makes trains that are friends with trees. [ train whistle blows ] ♪ my mom works at ge. ♪ my mom works at ge. we stathat the kid onhe thought the ba

when we come back, cnbc top states revealed.no. 1, there were losers and winners. find out what happened to florida. unveiling the new redefined ford edge. investors have an edge. of course, we are coming right back in a moment. at optionsxpress our clients really appreciate our powerful, easy to use, platform. no,thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you just set your start and end price. and let it do its thing. wow, more fan mail. my uncle wanted to say thanks for idea hub. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. open an account and get a $150 amazon.com gift card... call 1-800-330-3136 now. optionsxpress by charles schwab. . >> welcome back to "squawk box." the cnbc top rankings of business has finally been revealed. scott cohen joins us with more. he never gave it up. >> coen, i tweeted, his name was on the tweet i sent. >> you couldn't admit it before that? >> it was lat

is he topping the cnbc hot list?ext. >>> and also ahead, bill miller here to tell us why he thinks amazon shares could double over the next several years. we'll be right back. so what i'm saying is, people like options. when you take geico, you can call them anytime you feel like saving money. it don't matter, day or night. use your computer, your smartphone, your tablet, whatever. the point is, you have options. oh, how convenient. hey. crab cakes, what are you looking at? geico. fifteen minutes could save you fifteen percent or more on car insurance. in a we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> school's out for summer. while many mba grads are looking for jobs, ma

welcome back to "squawk box" here on cnbc.on air, yes. >> the second one. >> i'm joe kernen along with becky quick and andrew ross sorkin. keep it together. in the headlines this morning, new developments this morning in the takeover battle. i was going to ask you earlier about this, hillshire brands. hillshire says it received an increase takeover bid from pilgrim's pride of $55 a share. that tops the original bid of $45 a share as well as a $50 per share bid from tyson foods. hillshire says it doesn't have the right to terminate its own agreement to buy pinnacle food which is started all this, hillshire says it's not changing its prior recommendation to approve the pinnacle deal and is making no recommendation with no respect to the pilgrim's pride and tyson offers. you found a deal book. i have a question. are you a links guy or patty guy for sausage. >> links. never patty. >> i go back and forth. >> ever buy the kind where you slice it and smash it? that's jimmy dean. good. >> i haven't had that in years. >> that's what oc

even our chief economist here at cnbc would go, that's interesting.n people have faith in government and not in business, which is not great for a -- >> i'm saying i'm not sure any of the national studies corroborate that faith in government is rising. it seems, if anything, to be the opposite. >> it would seem that way, but i'm telling you something, when you put your faith in government, you're not putting your faith in business and you're in a capitalistic society, i think you'll see as we stumble through the summer, i'm going to come back and you'll go, tell me again about that faith in government number. i'm telling you, i'm going down with the ship on it. >> give us your -- go ahead. >> that's an interesting statistic that i don't have in my model at this point, but i'll definitely -- i'll update that this evening. >> i was just going to ask, i mean, how much -- tell us a little bit about gopro, because we don't have you for the whole hour and we'll probably get it at some point. this is a pretty big ipo for this space, so the pricing, is it jus

right here on cnbc. we'll be right back.matoid arthritis, like me, and you're talking to your rheumatologist about a biologic... this is humira. this is humira helping to relieve my pain. this is humira helping me lay the groundwork. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for ten years. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. humira is proven to help relieve pain and stop further joint damage in many adults. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been to a region where certain fungal infections are common. tell your doctor if you have had

first on cnbc interview with the ceo of air france. new cabins and new over france. of the nyse. we strapped it to our intern, mario. hi, mario. >> how you doing? so what i'm saying is, people like options. when you take geico, you can call them anytime you feel like saving money. it don't matter, day or night. use your computer, your smartphone, your tablet, whatever. the point is, you have options. oh, how convenient. hey. crab cakes, what are you looking at? geico. fifteen minutes could save you fifteen percent or more on car insurance. e financial noise financial noise financial noise financial noise >>> some of them are things we want to slow down because it's capital involved, expansion, for example, but we are building out five cities right now. >> unclear if they build out more, of course, ceo of aereo. we have not heard since the supreme court deemed aereo an illegal service. that, of course, having a positive impact on the companies that own broadcasters and station groups as well. let's bring in reid hunt, former fcc chairman, to weigh in on this as well.

so with us, bob pisani and cnbc market analyst, kenny.minute because we've had so much breaking news. kenny, what do you make of the market today? how much of this is linked, perhaps, to the president's statements about iraq? >> i think it's linked to that, i think it's linked to the weak macrodata today and linked to yesterday's weak data and political news. it's a catalyst, right? it's giving traders especially, not even the investors, traders a reason to take some money off the table. >> we've been weaker, by the way, since the words leaked out that the iranians may be getting involved in iraq. bear that in mind. one piece of perspective on oil, you know how much iraq makes every day? 3 million barrels. you know, kenny, how much the united states production every day is? 8 million barrels and growing by 1 million a day. we are becoming one of the biggest exporters, producers, in the world. hopefully it will be exporting as well. perspective on the iraq situation. not saying it's not serious. >> right, but oil at $105 a barrel is certai

. >>> time to check in with cnbc's tyler mathison for business news and a lootoved markets this past week. >> reporter: onore the dow and s&p 500 early in the week, but those record highs melted away. as escalating violiecal chaos ie price of crude to a new high for the year and raised worries about the possibility of u.s. intervention in the region. a few big corporate mergers were announced this week. a lot of mergers so far this year. tyson foods apparently won the bidding war with rival pilgrims pride for more than $8 billion. merck paying nearly $4 million that makes the hepatitis c medication and priceline.com will pay $2.6 million to buy the online reservation business opentable.com. >>> president obama took action to help millions of college grads pay down student loan debt signing an executive order expanding a program that set the cap at 10% of a borrower's salary towards pay iing off tho stafford loans. >>> lots of auto industry news this week. ford had to lower the miles per gallon claims it posted are for six of its vehicles. general motors issued its 38th recall of the

lending club name to the cnbc disrupter 50.ave you. >> thank you. >>> when we come back, a harley davidson you can plug in. talking about the company's new product, when "squawk alley" comes right back. are the largest targets in the world, for every hacker, crook and nuisance in the world. but systems policed by hp's cyber security team are constantly monitored for threats. outside and in. that's why hp reports and helps neutralize more intrusions than anyone... in the world. if hp security solutions can help keep the world's largest organizations safe, they can keep yours safe, too. make it matter. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. sid

good morning and welcome to "squawk box" here on cnbc. quick along with joe kernen and andrew ross sorkin. the s&p closing lower in three of the last four sessions. we've been watching the futures this morning. we see no major issues. s&p looks like they would be down by just over 4%, dow jones by just over 23 points and the nasdaq down about 6. it is a quiet day for data. the only specifics we'll be getting today is a final reading of june consumer sentiment. in asia overnight, the nikkei fell by more than 1%. for