we asked what you thought eric schmidt should do with that cash. here's some responses. c.y a lot of tacks. should have done it last year. >> he's a little late on that. that's a good point. >> victor tweets he will buy a stake in blackberry. that's a good one. >> wouldn't cost much. >> and another says he should take the money and buy undervalued shares of apple. thanks again for tweeting in. send your comments o on @cnbcclosingbell. >> all right. about 15 minutes to go. and the dow is still down 12 points. the s&p down a fraction right now. >> despite the pullback in stocks today, our next guest says equities are the least of all evils right now. that's michael thompson with us. >>> also, maker's mark is leaving a sour taste in some people's mouths. get this. the company is watering down its bourbon and keeping prices the same. and this news is not going down very well at all. that story coming up later on "the closing bell." ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus.

google's eric schmidt selling 42% of the stock. google's stock is down a buck.urface pro tablet sold out immediately on-line and most of microsoft stores. the new 128 gig surface pro was released on saturday. does that mean strong sales or just a total lack of supply? the stock is up 3 cents. the next guest wants to eliminate the gas tax and raise sales taxes to make up for lost revenue. he is the governor of virginia. that's what he is proposing. he is next. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. stuart: a very interesting proposal from virginia's governor bob mcdonnell. he wants to eliminate the 17.5 cent state tax on one gallon of gas. to make up the lost revenue, he would raise the sales tax from 5 to 5.8 percent, give back there, take here. well, governor bob mcdonnell join us now from virginia. welcome to the program. >> thanks, stuart, good morning. stuart: good morning, sir. i mean, are you doing this to drive down the price of gasoline and make virginia more attractive, or are you do you think it becau

if eric schmidt is losing somehow some faith in where this company is going? >> i don't know he's losing faith. when you're not in control of something it's a little bit nervewracking to have your whole net worth tied up in it. i would leave it at that. i don't think he spots something that makes him want to run the other way. that being said, google had a huge run. people don't realize we're caught up talking about am, google has done well. the stock reacted nicely to the news. the fact he's allowing himself the ability to take money off the table, i don't know if that's google specific or his own life specific. i wouldn't try to infer too much. that's a tough game to play. >> >> when you see alleged smart money, eric schmidt selling out or a sizable position of a large position, do you get worried as shareholder, investor? >> i do because i know i'm always the most uninformed. the easy thing to do in trying to find your way through transparency, statistics, data, trends, is to follow the leader. in our corporate structure, it's become a little complicated. s

. >> eric schmidt is cashing in. the google claim has filed to sell 42% of his shares in the company. he will sell shares through a regular trading plan spread out over a year to reduce the market impact. analysts say it could hint at him playing a smaller role in the company going forward. schmidt handed the reigns to larry paige in 2011. google shares down about 0.8%. still up about 11 fers, 12% over the last six months. different story than major competitor apple. >> absolutely. there's another story regarding google. i think i read wherever the local headquarters of the local airport are lobbying to expand the airport. >> it's like when walmart went to arkansas and they had to sort of completely redo this little area in arkansas to we'll with the walmart dealers and suppliers. we'll see. >>> president obama is giving his first state of the union address tuesday night. oh, this is annual, isn't it? he's expected to push his economic agenda. the president will outline spending initiatives for education, manufacturi

eric schmidt, could be selling $2.5 billion worth of stock.culturally out there in terms of giving? have many of them signed the giving pledge where they're going to put aside 50%, even if they aren't doing it now? >> they're getting there. you certainly see it among the older folks, whether it's eric schmidt, these guys, that first generation, bill gates, of course, the father of nerd philanthropy. we're finally seeing that under 40, the next generation web 2.0 coming onboard. that's a great sign for philanthropy. >> often when people give money like this, it's to flatter their tax field. they take a lot of money out of the company. but i'm imagining here, despite the fact a lot of people did take money out last year, for tax reasons, these figures are too big for that. it's too big. not on the same scale. >> no, they were ready to make a statement and they were ready to really fund the big cause. while they're young. we often see people wait until they're 60 or 70. right now they say, i want to measure this and hold people accountable. chanc

>> yes, and i recently arranged the visit by eric schmidt of google. >> when you went with the formery progress made? >> well, yes, i think so they will expand their access to the internet, right now it is limited to a very small pool to people in the intelligence community and among some of the scientists and software engineers. i believe they will open that up. in the same way they opened up the market phone, we have over a million cell phones in north korea. >> thank you very much for coming in. >> thank you. >>> and the actor kevin spacey, talking about his new role and potentially why the series is a risk. b . >>> a bold and risky move by netflix. the company is branching out into an original programming, shaking up the tv industry with a 13-episode series called "house of cards," starring kevin spacey. he joined me in "the situation room." that conversation, but first, here is a clip. >> this is the memo i have drafted on the middle east policy we have been developing. now i want to borrow from reagan, i want to coin the phrase -- >> i want to stop you there, we're not nominatin

the most recent case would be eric schmidt meeting with the founders of google up there. that would reportedly one of the big factors. what is it that makes burning man such a haven for that kind of connection?

eric schmidt had been some interesting papers. he had been making the point that so much of the tech industry is project-based learning. google gives people time off to do what they want. they give them time to explore and hang out with other people, outside of the framework of this more structured enterprise. burning man, from the very beginning is project-based learning. it attracts people from every demographic that you can think of, every category. so you have to, potentially, encyclopedic knowledge assembled at this place. and the natural way to learn is project-based. scholarship is fine, academic models can be useful for certain things, but human beings tend to learn by engaging in project- based learning. if you look at the desert -- well, here is an example. i was on a tour for the black rock arts foundation. we went to various studios around the area where artwork was getting ready for la playa. all of the big ones involving armies of people with the various skills. it takes her attacker, a traditional art, overlapping f

>> yes, and i recently arranged the visit by eric schmidt of google. >> when you went with the formery progress made? >> well, yes, i think so they will expand their access to the internet, right now it is limited to a very small pool to people in the intelligence community and among some of the scientists and software engineers. i believe they will open that up. in the same way they opened up the market phone, we have over a million cell phones in north korea. >> thank you very much for coming in. >> thank you. >>> and the actor kevin spacey, talking about his new role and potentially why the series is a risk. thyou eat less...ing weiyou lose weight.et. it's a great plan... until you get hungry. that's the time to take slimful. one tasty 90-calorie slimful and a glass of water satisfies hunger for hours making it easier to eat smaller meals, and resist snacking. your friends might think you found the secret to losing weight. but it's no secret... it's slimful. eating less is a beautiful thing. b . >>> a bold and risky move by netflix. the company is branching out into an original pro

now i wouldn't be surprised if eric schmidt has other plans.imon -- go ahead. >> sorry, i didn't mean to interrupt. i wanted to ask where we were on dell in particular. if i can put this question to you. we have a an announce many for the buyout for next week for shareholders. but there are shareholders collecting around southeastern asset management and the company was worth up to $10 more. what do you make of that? >> -- i wouldn't be surprised if that is not -- i don't think that's the case. i think that dell is making a wise move, i think they will probably reach some kind of agreement somewhere in the middle in terms of the actual price. but it is better for share holders to go private, for dell to go private, focus on innovation. to figure out its strategy because everything it's building for the last decade at least is now seeming ons leet. >> let me bring in another voice on this. jeff killburg joins us from kkm financial and cnbc contributor. jeff, what would you do if you were in the stock at the moment or perhaps thinking there could

beginning it described its leadership structure as a triumph verate with sergey brin, larry page and eric schmidtrving as adult supervision. it could be argued his role is less now than it used to be. page is back in the ceo seat where he was when the company was founded. the stock is near all-time highs. and government relations one of the areas where schmidt had really focused as executive chairman, his current title maybe a little bit less important now that the ftc has settled with google, a little bit less of a focus there. but google's also got more of an emphasis than it has in awhile on long-term projects like google glass the eye wear and the driverless cars. that's something sergey brin likes to focus on. so, not as much in immediate of that adult supervision. perhaps, the signals a little bit less of an emphasis on the need for his leadership. of course he's still in that executive chairman position. but definitely page, and more than usual, britain, running the show. >> real quick, he's not selling his stake overnight? he's not selling it this week. this is just a plan being put in pl

google chairman eric schmidt selling half of his investment.hat will net him about $2.5 billion. >> pretty penny there. thank you. >> pretty lot of pennies. this week bay area sports fans putting football on the shelves and time to head out to the diamonds. >> out at spring training in scottsdale this morning with a look at how the giants are getting back into the swing of things. good morning. >> reporter: thank you so much, laura. i tell you something, how great is this? giants 2012 world series champions banner outside scottsdale stadium. we're here and players are about to start trickling in. there may have been a george sighting i'm here to report. as we enter spring training, there's so many things to keep in mind and players are looking forward to coming into camp as the champs but also keeping in mind that there's a big challenge ahead of them this coming season. take a listen. with another world series title last season, the giants have established a culture of winning that picks back up as the team embarks on spring training in scotts

google chairman eric schmidt is cashing in. he's filed to sell roughly 42% of his stake in the internet search giant which could net him $2.5 billion. the sale will be spread out over the year to reduce the market impact. google wouldn't comment on why schmidt is selling. he was google ceo for ten years before handing the reigns to co-founder larry page in 2011. >>> apple is working on a watch-like device that has the feature of a smartphone. "the new york times" says the wearable device is in experimental phase with you could be used to make mobile payments. apple discussed the project with a company working on technology for wearable devices. it's like a flashback from childhood cartoons. >> have a good one. we'll talk to you later. >> we're always up for sunshine too. i think we're going to get some this week. >> we are. more people in the bay area like the warm than the cold. >> i'm one of those. >> it's hard to tell. you can't please all the people all the time. last week we pleased the cold people. temperatures throughout

google chairman eric schmidt is going to take china to task in a new book thats he's written. this according to people who have had an early read of it. schmidt will blame china directly for many recent hacks of american businesses, warning china could be the internet's number one enemy, and that the u.s. will be at a disadvantage because american companies can't hack back. it's against american law. early reviewers say schmidt is very direct about his feelings about china. you don't expect that out of high tech companies. they usually coddle their relationship with the chinese. turning to wall street, today's not the day we're going to see any records set. the dow opened at just over 14,000, its highest level since 2007. and had it gained a bit, it would have set records for the highest ever, but today looks like minor losses instead. >>> speaking of losses, we have to eat a bit of crow or raven this morning. last week we dismissed predictions by video game programmers at redwood city's electronic arts that the ravens would win the super bowl. well, it turns the out not only

. >>> eric schmidt is about to come into some really big money. schmidt is planning to sell 2.5 million dollars worth of google stock. >>> the months long investigation to catch a bomb plot suspect. >>> another contra costa hello? the words are going this way-there's no way. oh, the lights came on. isn't technology supposed to make life easier? at chase we're pioneering innovations that make banking simple. deposit a check with a photo. pay someone with an email. and bank seamlessly with our award-winning mobile app. take a step forward... and chase what matters. >>> a south bay man is behind bars accused of a massive bomb plot that was foiled thanks to an investigation. the man has been in trouble with the law before. maureen naylor has the story. >> reporter: the accused master mind had been living in an rv outside his father's home here in north san jose. tonight we went through these court documents which revealed the suspected master mind had a lengthy history of mental illness. the san jose man is accused of driving to this oakland bank earl

. >>> eric schmidt is about to come into some really big money. schmidt is planning to sell 2.5 million dollars worth of google stock. >>> the months long investigation to catch a bomb plot suspect. >>> another contra costa county restaurant closed. patrons sick, what health officials say was on the plate. >> the areas that could see freezing temperatures and frost this weekend. >>> a south bay man is behind bars accused of a massive bomb plot that was foiled thanks to an investigation. the man has been in trouble with the law before. maureen naylor has the story. >> reporter: the accused master mind had been living in an rv outside his father's home here in north san jose. tonight we went through these court documents which revealed the suspected master mind had a lengthy history of mental illness. the san jose man is accused of driving to this oakland bank early this morning with what he thought was a bomb planted in his car. >> that's scary. knowing that i bank here all the time. that's scary. >> reporter: authorities arrested 28-year-old matth

google's founder eric schmidt recently visited north korea.y more entrepreneurs like him. in the very short run, they do give the regime some credibility. but in the long run, capitalism and commerce are the acids of modernity that wear down dictatorships. >>> up next, how to create jobs in america. my discussion with the former treasury secretary larry summers. don't miss it.ef red search engine? search engine, uhh, probably google. if we do a side by side blind test comparison, and you end up choosing google, you get an xbox. i'll bet you the xbox, you bet me your son. well let's look up what you need. okay, i would do the left. yeah? what?! i am a daddy! bing wins it! bing won. bing did win. people prefer bing over google for the web's top searches. don't believe it? go to bingiton.com and see what you're missing. [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantag

eric schmidt the google chairman was there last month and now you have dennis rodman. these are all attempts by kim jong un to show the global community that he is open to reform. rodman sis this trip is not political but others disagree. listen. we got invited and come over and have some fun and hoping that, you know, it will be some fun. >> i don't think it really shows that there is going to be any substantial change in the nature of the regime. it just shows that kim jong un happens to like dennis rodman and the nba. >> we should know when eric smith went there last month the state department called that quote, unhelpful. they have no opinion on b. rodman's trip at all. he says he hopes to run into the gangnam style dude while he is over there and is he from south korea, of course. kick kick kicking kicking it gangnam style. confusing the north and south part. we did get troubling news out of north korea today human rights group a major outside of pyongyang has doubled in size in recent years. the gool logs are prison camps housing mostly political prisoners. now t

google chairman eric schmidt is cashing in. he's filed to sell roughly 42% of his stake in the internet search giant which could net him about $2.5 billion. schmidt will spread the sale out over a year to reduce the market impact. google would not comment why he's selling. analysts say it could be a signal he's playing a much smaller role at the company. he was the ceo for ten years beforehanding the reigns over to co-founder larry page in 2011. >>> shartia brantley at cnbc x thank you. >>> the clock is ticking for all the lovers out there. the florists are gearing up for one of the busiest days of the year. new advice for lovers who want their valentine's day to be perfect. tip one, do not wait. place your orders now to make sure your special someone gets their flowers on time. buying local is the best way to ensure that your flowers aren't dead and wilted by the 14th. before you buy, watch news 4 at 5:00 tonight. liz crenshaw will show you that not all roses are created equal. >>> attention whiskey fans. if that last glass of

. >>> speaking of hacking, google chairman eric schmidt calls china the world's number one hacker in his new book called "the new digital age." it's due out in april. and in it schmidt says cyber attacks from china are damaging to america's economy. >> another tech heavy hitter is talking. microsoft chairman bill gates is not satisfied with microsoft especially when it comes to cell phones. nonetheless he gave current ceo steve balm aerovote of can ha confidence saying the future looks good for the company that he started. >>> future oyster prices could be decided this week. the owner of the oyster company will be in court this weak to fight a federally imposed order to close the business. if the court does not grant an injunction, drake's bay will have to close by march 15th. some believe that will lead to higher oyster prices, lower quality and impact the environment because the tra transportation needed to import oysters here to the bay area. drake's supplies 40% of california's oysters. >> california's fishing industry appears to be on the upswing. fishermen are enjoying bigger h

eric schmidt of google went there, lawyer la ling stumbled across the border way back when, there was mohamed ali. >> we love every place that we go. >> who they are is the harlem globetrotters touring hot spots as goodwill ambassadors. >> we're going to show them what we do as part of harlem globetrotters. >> and a retired nba phenom. >> when was the last time that dennis rodman was relevant? it's been a while. he has a clothing line, he's a business person, to be relevant in the marketplace again. >> what does kim jong-un still taunting it is american enemy gain by allowing him in their litt mill tar ris stick state? >> they get some pr by having this visit. >> i think it's the fulfilling of a childhood fantasy. the 10-year-old basketball crush kind of guy. here's a guy that probably had a poster of dennis rodman on his wall at one point, whatever the north korean version of that is. >> do you think they are using him or do you think it's a good thing? >> i think they are. a guy like rodman goes to north korea and he's not going to be meeting any people. he's going to be meeting the

eric schmidt laid out his plans to sell half his stake in the internet giant. let's take a look at amazon, down 4.95. though it did announce a streaming deal with cbs, but investors not impressed, that stock at $257 per share. let's get to our floor show. we have traders standing by for you at the new york stock exchange, cme group, and of course we have got folks over at the nymex. ben willis is standing by on the floor of the new york stock exchange. technical levels, ben, here's the thing, we push over that 14,000 mark. we can't seem to break it. it's like we can't make a big move to the upside. we can't make a big move to the down side. where's the apathy here? >> well, i believe the market for its overall health to be able to close on the plus side by the end of the year needs to have a bit of a pullback. 14,000 for the investor that's sitting at home right now is an important number, but for the professionals on the trading floors, we're looking more at the s&p, and the fact that we are holding above the 1500 level is pretty interesting. i thought for the

that's about how much google stock former ceo eric schmidt plans to sell this year, laying out a plan to sell close to 40% of his google holdings. picked a good time to do it, too. today google shares hitting their highest level since the company went public in 2004. raj and jessica? >> okay, thank you, scott. >>> hackers hit the bush family. a personal information exposed by this attack. >>> also ahead, experts are saying it's one for the record books. the latest on the massive blizzard back east that's stranding travelers all the way out west. >> and the dramatic search continues in southern california but there are problems. a former cop is still on the run. plus -- >> i'm sam brock. is it christmas early in san jose? city hall is reporting its first budget surplus in a decade. the mayor is promising things he can't deliver when it comes to breathing life back into the police department and other beleaguered agencies. ooh kfc. hey, you're supposed to wait for everybody. you know what, while we're waiting why don't we play a game of hide and seek? right now? yeah go hide. go on budd

that is when co-founder larry page replaced eric schmidt as ceo.h giant is reportedly getting ready to launch brick and mortar stores in the u.s. that is according to the "wall street journal" which says the stores would sell hardware including the smart phone. in direct attempt to compete with apple generating $10 billion in annual sales. i say good luck with that. that would be hard to match. important knew options on the books for you and your nest egg in 22 -- 2013. managing director joins me now with the latest. what we're talking about his conversion of retirement, 401(k), paying the taxes up front. the option is on theable today should you take it. >> i think that is a loaded questi. a lot of factors to consider when converting to 401(k) cutoff. this is new ne because this is rt of the tax relief act that just came in january 1st of this year. gerri: it is not going to be tax relief. you will pay a huge tax upfront. >> that is the issue, whether or not you want to pay the tax and the conversion. in the past had to be 59 and a half or leaving

google's founder eric schmidt recently visited north korea.ed more such trips by more entrepreneurs like him. in the very short run, they do give the regime some credibil y credibility. but in the long run, capitalism and commerce are the acids of mordrnty that wear down dictatorships. >>> up next, how to create jobs in america. my discussion with the former treasury secretary larry summers. don't miss it. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make

you're not going to get the advantages of the internet and google and eric schmidt, the ceo of google was with me who was treated like a rock star there. so what's happening is what the north koreans did was basically send a signal that they're going to continue to be isolated and they're picking weapons of development over economic development and that's unfortunate. >> the white house issued a statement exactly to your point saying we have warned north korea about the damaging consequences, the further isolation that's caused by the failure to live up to international obligation. each time we see one of these nuclear tests, it further isolates the country of north korea. as you well know, even china told them not to go ahead with another test, so i guess what more sanctions do anything? what can the u.n., the international community do? >> well, there has to be a pay back for what north korea just did with this underground nuclear test. yes, more sanctions, but the key is going to be china china really has not done as much as they should in terms of curbing food and fuel. i think th

. >>> google chairman eric schmidt going to sell half his holdings in google. a deal that will net him 2 billion. financial experts say don't read too much into this. it's a good time to sell google stock considering google is trading at an all-time high of $785 a share. why not? my colleague over at cnbc says that his take away is this is a change in power structure at google. he was ceo. handed the reigns back to larry page back in 2011 and now has half as many shares that makes page's influence much stronger at google. >> very interesting. thank you. >> nothing like cashing out for $2 billion. >> someone to carry your umbrella for you. even if it's not raining. >> a few people. it is 5:55. let's check back in with christina loren. we don't need umbrellas unless you want to block sunshine today. >> it's popular around here. whatever you can do to block that strong spf coming in. i suggest spf 48. 34 in livermore. 38 in san jose. 36 degrees in sunnyvale. we'll see uva and uvb rays as we head throughout this afternoon. temperatures are going to be chilly to sta

world's largest companies, i always know you guys, kevin, as the best known in fact for placing eric schmidtle way back in the day, and boy, that was a winner for him, for you guys, for everybody. >> absolutely. liz: kevin kelly is the ceo. how is the executive search business really doing here because you depend very much on ceo turnover? >> we do actually it's fairly interesting if you think about global unemployment at 7.1%. here in the u.s. hovering above 8%. what's amazing is there's still a supply demand issue. we talk about the attributes you need in a ceo. we used to focus on iq, having the intelligence. then it shifted to eq, really leading from the center not having a dictatorial style of leadership. now we're talking about is cq, cultural quotient, given globalization today, the ability to navigate in the different markets around the globe is the number one attributes we look for. >> you see ceo departures, is that a lot? how does that rank? >> it is. there seems to be a bench strength -- excuse me, coming through the ranks today because companies are more focused how they develop

google chairman eric schmidt warning hacks will get worse.igning a new agreement with the french government. in a new book, the google executive points fingers directly at china. according to those that read it, schmidt will make accusations which you don't expect out of high-tech companies which coddle relationship with the chinese. >>> virgin america is coming to san jose for the first time and to paraphrase henry ford, you can go anywhere you want as long as it's los angeles. marla tellez standing by. you just got the flight schedule. when are we leaving? >> reporter: i'll get to flight options in just a moment. one option is better than none. ceo of virgin america said the silicon valley deserves more flight options. there you have it. virgin will fly direct to los angeles every day four times a day. it's going to have to compete with heavy hitters like southwest which will be its biggest competitor but virgin is known for its low fares among other appealing characteristics and passengers know this. >> it's a great reputation of customer

some major systemic problems, insider trading like crazy. 40% with eric schmidt., thing about being bearish, you never get in trouble with your clients are not losing money, it's only safe to be bearish but lately the market is here to make us all wrong. dennis: thanks a lot. cheryl: we will see you in six months. new information behind the decision by the pope to step down and we will tell you how some investors are making a bet in the market on it. dennis: believe it or not, it is big news for stocks. cheryl: a look at the 10-year treasury. we will be right back. tracy: this is tracy byrnes with their fox business brief. the conference in san francisco today, apple ceo tim cook spoke about the importance of apple stores. >> welcomed 120 million people in our stores and we have a little over 400, that is almost 10 million people per week. tracy: more than $15 billion takeover by china state owned c-note hate the green light, approval by the committee on foreign investment in the u.s. market marked the final hurdle in the largest foreign takeover. expect a deal to

eric schmidt is selling shares over the next year. feels like a trap. is it?ave a few extra seconds to fix your mike. they have not done that yet. we'll try to get to you in just a few minutes if they do fix that problem. historic day, and we were talking during the break when apple hit 700 last year. it was a much bigger deal. your response to me was that was also the biggest market cap company of all times. zlit became the biggest market cap company. and the move was much more symbolic. the move went from 5 4u7b to 700 in a matter of months. it was a sharper, more prizing level to overtake. but google here, 800, that's a -- >> and google pass part of the popular culture. you know, that was the great investing bet of so many people. it had performed so well for so long. you know, it was startling. it was based over time. >> what is amazing was to take a look at the p/e ratios. the share price base was at a historic high. it was trading out of 40. so even though it's reaching this historic level, the pe has not caught up. so that will be about. >> do we want t

we didn't think it would take eric schmidt six years to stand up on stage at the beacon theater in newed the third way of, broadcast cable internet. it was only in 2012 that youtube decided to select 100 companies and fund them to create original content. that created a wave and now you have seven companies, youtube, yahoo! ms and -- [talking over each other] stuart: google and youtubes of this world are paying for you to bring on content on to youtube and others are paying you to bring your content on to their networks. that is the way you are making money. >> advertising, licensing and production deals. liz: google doesn't break out separate results for youtube so youtube is losing money for years because it costs a lot of money to hold that content online. the making money? >> we are making money. we closed seven figure deals for years. the perceived chaos that is out there right now in everyone's mind makes this the best time for content creators and entrepreneurs to control costs can make money. stuart: we ran a montage of the content you have got, some established cars. you got n

and eric hit schmidt is selling part of his stake in the company according to a million class a googleshares over next year. today's price those shares have a value of $2.5 billion. schmidt says he's doing it for liquid ti reasons after the sale he will still own $4 million shares of google. have a great weekend. >> food news could affect you. >> yes. >> snacking. yes. >> three new lay's potato chip flavor autos take a look at the three finalists. garlic cheesey bread, chicken and waffles and a thai hot sauce. >> a panel waded through four million submissions whittling ut down to these choices. do we need to have a contest? >> three of us agree. >> cheesey garlic bred is going to be the run away winner of this thing. fans will be able to vote for their favorite flavors. the company says the person who submitted the winning flavor will win $1 mill million or 1% of the 2013 sales, whichever is more. >> not too shabby. >> i'm thinking the percentage. >> sounds great. >> thousands of giants fans will get a sneak peek at the defending world series champions. giants hosting a fan fest tomorr

they found eric schmidt for google back in 2004. we also have other ceos in the next two hours.into the barcodes, of course, for all of the printer situations. if you see a barcode and it locates big business here in chicago. not to mention, we are talking insurance. there is a big insurance group it happens. finally, we will be talking to phil shiner brands ceo, this is a good company on the heels of what happened with warren buffett taking over. this is a company that has done beautifully. ashley: liz claman at the cme, looking forward to it. thank you so much. tracy: coming up, wild swings for stocks. what is next for the market. ashley: and it's time to check in on the ten-year 10 year treasuries. we will be right back. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. t my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. >> i am lori rothman with your fox business brief. succession science and charlie gasparino

google chairman eric schmidt is cashing out announcing he will sell $2.5 billion worth of company stocklion shares planning to sell 3.2 million through a stock trading plan in red with gray filing. that is so 42%, about 1% of the total company, google says the sale is a long-term diversified assets to the question is what is he going to do with all that cash? he can do anything he wants. tracy: a guy like that needs it for upkeep. i don't think there is a lot left. if you are broke like me, it is really easy. the dow down 32 points, cheryl casone will take if the last hour of trading with the seo of red hat. talk about the software maker's big push into cloud computing. "countdown to the closing bell" is next, don't go anywhere. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade.

sort of the paradigm for tech power that was in some respects if not set coined by your old boss, eric schmidt, the four horseman? google, of course, apple, facebook and amazon? could the interest graph or perhaps even something else change that order of the universe? >> well, i mean, i think all four of those players do a really terrific job providing a lot of great experiences for end users. so i think that all four of those will become major players in the future. i think the four horsemen analogy misses other players in the space. i think, for example, twitter is very exciting and very interesting. and i do think that technology isn't stagnant. it's amazing to think about the different waves of the internet and technology. right? you know, the first wave really was yahoo! itself, the directory. there's these pages out there, how do you organize them. and then the web got so large that the directory model broke down and gave way to search. and then the next wave came with social. and now i really think we're on the mobile wave. and so, you know, you think about that, that's all happened in

tracy: the company's top execs including page, brin and eric schmidt reportedly have at least eight jetsen them. ashley: why eight? tracy: this was my question. ashley: that is a good question. why eight. >> apparently they want to take a piece of the airport and put their own little hangar and maybe coffee shop, who knows, whatever. ashley: life is good. tracy: they need a place for eight jets. i wonder why you need more than one. ashley: send them out to pick friends up and relatives. >> you have a more than one pair of jimmy choos, right? ashley: look at that. tracy: no, no, come on. >> lubatan. en klein? ashley: let everyone ponder that. it is quarter past, time to check on the markets. nicole petallides on the floor of the nyse where we go every sfist teen minutes. -- 15 minutes. dow is at session highs. >> if you're want to see the markets pig out, the all-time highs we established back in 2007. right around the time we juan muched -- launched the fox business network. not too far off the levels. the current value is 14,031. the all-time high is 14,164. again about 133 points away

then we tweak the guys, eric schmidt, and my guys from google, and i tweak zuckerberg and say the social>> looks like a great movie. it opens today. >>> and canada, our northern neighbors, thought they had this great idea to train emergency responders. they would pretent the country was under attack by zombies. i'm not kidding. jeanne moos reports, lawmakers wanted to show when it comes to a zombie apocalypse, there are no stiffs. >> reporter: is there a zombie in the house? the house of commons. >> i don't need to tell you, mr. speaker, that zombies don't recognize borders. >> reporter: this isn't the latest episode of the walking dead. you can argue some politicians fit that description. this is actually canada's parliament. >> i want to ask the minister of foreign affairs, is he working with his american counterparts to develop an international zombie strategy so that his zombie invasion does not turn into a zombie apocalypse? >> reporter: it is clear these guys aren't brain dead because they know how to joke. the minister of foreign affairs reciprocated with a pun that was dead on. >

and i think, for instance, google, eric schmidt, had an enormous impact there. the north koreans loved the idea of an internet, freedom of exchange. and i think this is the new kind of diplomacy that we need around the world. the internet, information. >> what you said was part two of your three-pronged approach there in what you wanted to effect when you got there. were you able to get past government minders and get a view of how the people are living there or get a sense of how the people reacted to these tests? >> well, we did try to get out -- they do try to control you. we had handlers. we stayed at a guesthouse. but we did go into the subway. we did go into an acrobatic show. we did walk around. we went into stores. we went into universities. we did talk to people. so my sense is that kim jong-un does have support from his people for these tests. that was my very short assessment. i wish i'd had more opportunity. we didn't get into the rural areas. but at the same time, alex, we never talked to him. i think it would be very valuable for somebody to get a

information consumers of north korea who are desperate for more information and to were salivating when eric schmidt, the chairman of google was visiting, because there think about opportunities for the closed system internet. and then there's all the north koreans basically, the rest of north korea, most of north korea, where just puncturing the bubble of censure, of censorship that exists in north korea with what north korea really spends on defense, what it spends on its missile programs. i've always equated it to the lessons out of development of putting the local aid budget up on a village schoolhouse door so villagers would now if the village elders were stealing the money. that was intended for the schoolhouse. i think we can, through basic information in this age, let more and more north koreans know about the human rights record. this north korean database that's not a permanent, growing database now five, six years running becomes the kind of record that eventually will be impossible to keep out of north korean hands, over a period of time, through various means. those are the kinds of thi

not only have you done very well but spent a lot of time with eric schmidt and other hedge fund managerste answer for figuring that out or fixed if that is a problem you think is supposed to be addressed in all of this? >> you have to give opportunities to -- as many as possib possible -- especially if you're a rich society, like the u.s. or countries in europe, it's a question of giving the opportunities. opportunities aren't there, you're going to have continued inequality. a rich society should be able to afford to have much less inequality and be able to -- this is the difficulty, should be able to adapt and o offer sort of modern jobs, which means very important investments in education and investments in things that are long term. that's harder in a very politicized environment. >> they need to invest in education and make sure we get our money's worth, that's the other thing, too. we need all kinds of -- we spend a lot and get nothing for it. >> what was interesting was your advocacy work, folks in california, you can get things done. i thought that was interesting why you thought

she goes to nairobi billed by eric schmidt as africa's potential silicon valley. to nairobi to figure out why have the kenyans been so successful in bringing in the internet when getting access to their people when no one else has been able to do this. she starts inviting her former colleagues, people she knows from silicon valley to come in. and what they're looking at is that, you know, for you to get an internet connection in -- she's very smart and interesting. if i'm going to be in, like, ethiopia and i want to go on the web, my web traffic actually has to go all the way to paris and back, which slows down traffic. it costs providers a lot of money to, you know, use the international fiber optic cables. so basically, there's a lot of things that governments can do which would make the internet cheaper and hence help american companies come in, but they haven't. kenya has invested. so she studied heavily this kenya example of why this government was able to do so. and we don't know if it's going to work, but, you know, in kenya, the companies were able to make