desk now oined at the by dan weiss who serves as the director of climate strategy at progress. of american the hot topic of conversation in a ironmental circles was 60-minutes report from sunday that seemed to conclude that the federal government has little to show in the heavy investment in green technology projects in recent years. why the outrage from this story? >> well, it's both -- not it is great disappointment. the "60 minutes" was famed for top-notched investigative reporting. they did a very shoddy job. leslie staul said nothing she read has indicated many jobs created. you just have to go to the department of energy website to see that the loan guarantee created 55,000 jobs. somehow bs and that escaped her attention. the g.o.e. loan program has a success rate and she was criticizing. only 3% of the investments went bad. 97% had been blossoming. in fact, that's a far bert rate capital.venture on the show itself, several people said when venture capital firms invest in companies they have a 9 out of 10 failure rate. a 97% success rate. again, that was never mentioned o

host: we are joined by dan weise weiss.a hot topic was a cbs 60 minutes report from sunday that they have little to show from their -- in recent years. notthe outrage? >> it is our rates so much as it is great disappointment. "60 minutes" was famed for its top rate reporting but they did a shoddy job. it said nothing she has read has indicated that any -- it created 55,000 jobs and that somehow escaped her attention. the loan guarantee program that she was criticizing on the show has a 97% success rates. only three percent of the investments went bad. .7% had been blossoming it is a far better rate for venture capital. on the show itself, and several -- that was never mentioned on the show. host: we will show you the opening from that piece. >> about a decade ago, the smart people who funded the internet turned their attention to the energy sector. they rally tech engineers to invent ways to get us off fossil devise powerful solar panels, clean cars, and futuristic batteries. the idea got a catchy name -- clean tech. silico

dan weiss good to speak to you again. i get it.air masses come down that is not a whole -- that doesn't change the game, however, things start to add up like cold temperatures, snow. like global warming scientists geth stuck in the arctic because it's too cold, you have to say okay, it's cold, getting colder. >> well, first thank you for having me. scientists have a technical term for what is going on now. it's called winter. in fact, winter conditions have happened in recent years in 2010 horrific snow storms up and down the east coast in washington z in 2010 the warmest year on record. right now in, australia they're breaking all kinds of heat records. it's 122 degree there the other day. >> for a while always global warming. al gore, warm, getting warmer, then, we realize it's getting cold, too. then, climate change. which is it? global warming? what is wrong with climate change? >> well, first it's the court denotes nasa reports 97% of climate scientists believe the earth is warming and humans are primarily responsible. that is

give dan weiss the last minute here in the segment. example of a car where you run on that or he first and then gasoline -- by the way, the average person drives 40 miles per day in the u.s.. to -- chevrolet has 30 miles on the battery. of i am not familiar with the air compression technology. problem -- as everyone listening knows we have the best engineers, the most inventive minds in the whole world here in the united states. they're coming up with all kinds of clean energy technology to run electricity longer, to use less, and pollute less. the biggest problem is getting the technology commercialized ago from the lab to the marketplace. there's is basically a market failure. particularly after the economic crash in 2008, investors were not willing to invest in new technology if they were not sure about the payoff. invest, you can't develop it for the payoff. loan guarantees helped get technologies from the lab to the marketplace. that is happening now. ,or example, with solar energy the first five utility solar plants were built wi

give dan weiss the last minute here in the segment.xample of a car where you run on that or he first and then gasoline -- by the way, the average person drives 40 miles per day in the u.s.. to -- chevrolet has 30 miles on the battery. of i am not familiar with the air compression technology. problem -- as everyone listening knows we have the best engineers, the most inventive minds in the whole world here in the united states. they're coming up with all kinds of clean energy technology to run electricity longer, to use less, and pollute less. the biggest problem is getting the technology commercialized ago from the lab to the marketplace. there's is basically a market failure. particularly after the economic crash in 2008, investors were not willing to invest in new technology if they were not sure about the payoff. invest, you can't develop it for the payoff. loan guarantees helped get technologies from the lab to the marketplace. that is happening now. ,or example, with solar energy the first five utility solar plants were built with

andrew weiss, dan richards, thank you. >> thanks for having me. >> ifill: it's been two years since lawmakersan working on, and then fighting over, new farm legislation. the enormous, nearly one thousand page bill that is now emerging in congress could affect the cost of your groceries, the price of your child's school lunch, and the profit picture for major american corporations. the trillion dollar compromise to re-authorize the law would eliminate many direct payments to farmers, but expand crop insurance. slice about $17 billion, including eight billion from the food stamp program, that's about 1% of the program's total cost and bring some reforms to the agricultural system. there's a reason it took so long to strike a deal. here to explain is alan bjerga, who covers agriculture issues for bloomberg news. thank you for joining us. >> thank you. >> ifill: let's walk through this piece by piece. first, the compromise on farm subsidies, direct payments to farmers. >> what you saw developing as the farm bill was brought forth was a lot of political pressure to get rid of this program that ess

weiss says one of his top picks is fortnet. given the stronger demand for security. he says it's going to get more business this year. dan ives with fbr is sticking with fireeye. he said it will move higher as it takes share from intel's mcafee. and webbush is bullish on info blocks, which offer as product that prevents malicious software from spreading through a company. singh says info blocks could get a boost when companied to announce new products in late february. the problem of hacking isn't going away. so these are potentially strong investments for the future as cios do their best to prevent hacking. >>> that's "nightly business report" for tonight, thanks for watching, have a great evening and we'll see you back here tomorrow night. >> announcer: "nightly business report" has been brought to you in part by -- >> founded by jim cramer, the street.com is an independent source for stock market analysis. cramer's action alerts plus service is home to his multimillion-dollar portfolio. can you learn more at thestreet.com/nbr. ♪ ♪ % >>> hello. and welcome to this is us. we're at history san jose time stands still. thi