under the previous farmville, my cherries were not eligible for crop insurance. strengthens crop insurance and gives farmers like me the tools we need to survive a weather disaster. diverse crops will also benefit from the research investments in this farm bill. many of those projects will start right here at michigan state university. farmers will use this research to increase productivity, conservative natural resources, and help feed the growing world. i cannot think of a more appropriate venue to sign the 2014 farmville than michigan state university. -- nation's [applause] original land grant university. ladies and gentlemen, i would like to introduce the president of the united states of america, barack obama. [applause] ["hail to the chief" playing] [applause] >> hello. thank you so much. everybody have a seat. it is good to be at michigan state. thank you, ben for that wonderful introduction. give dan a wonderful round of applause. how did dad do, was a pretty good? there he is. i thought he did great. it is good to be in east lansing. it is good to be wi

social media's phony accounting which detailed the accounting methods of zinger who the makers of farmville run by pincus now can you briefly describe to our viewers what happened there and preferably in layman's terms if you could well again ernst and young is the predominant auditor of these new sort of social media social networking technology companies ernst and young go on its facebook google group here in chicago which was another accounting disaster and xenia in particular was doing something sort of funny. and how it actually valued. it's revenue how it actually recognized its revenue under the guise of saying they were in a new business and they could actually look and say they were selling these virtual goods like tractors and farm implements related to some of their games like farmville they would recognize the revenue from selling those. toys basically there is i'm one hundred choices that people play with in different ways made up those rules ernst and young in the pre i.p.o. stage when they were trying to figure out how are they going to operate how are they going to do that a

senate prepares to vote on the much delayed "farmville". and facebook turns 10 years old.viewers here in the united states and to those of you joining us from around the world, welcome. we have full coverage of the

think of games like farmville soaring after the upgrade the company to a buy.hat is it doing at this moment? >> the high of the day $4.97 per share. what is behind the upgrade. and a target of $6 up from $4. maybe the new management team is really settling into place and they made a reacquisition of a mobile games developer called natural motion would result in good innovation indeed. that should help them along. that is why they are seeing zynga jumping today. so that is great news. liz: i was once in the green room six years ago some he was playing farmville. pixilated cows. pigs and cows come it was crazy. nicole: that is the way of the future. liz: god bless capitalism. that brings us to facebook turning 10 years today. his social media dra j ganter. where is the room to grow? joining us now in a first on fox business interview, back in 2007 when you were at bear stearns as an internet analyst advising yahoo publicly in a note, which i am holding right now. to buy facebook. and they didn't because they couldn't? >> i'm guessing there was a valuation discrep

this happened with "farmville". >> i was confused to them as well. >> whatever.lay video games as well. i shoot friends and family on the internet. that is different. >> could one say that this really is a model for business? this, seriously, are adults playing candy land? the cannot speak to psychological appeal of these games except that 93 million people to play it. why it works is not important that as it does. 93 million daily play this game. >> how many played "farmville"? we are trying to compare. or iss the next zynga this the next big, big thing? the fact that the least mature areersonalities here doubting this is a sign. [laughter] say it is not mature enough, it is a problem. >> it is likely to be a flash in the pan, just like other games were. >> this company has been around since 2003. it is not a brand-new company. it is a 10-year-old company. it has developed a lot of other games. 180 various games. >> how successful are the other properties? >> they are not on a relative basis. angry birds has been more enduring. one could question why that is app

instalaciones, ambiente de trabajo singular y buenos salarios.... 00.31.44 "soy vp de producto para farmville de venezuela lleva 4 aÑos trabajando en zynga...y es uno de los casi 70 trabajadores hispanos de la compania. 00.40.44 "creciendo en venezuela nunca pense que iba a tener la oportunidad de trabajar en la ind. y una vez que llegas a este pais y miras que estan creando tantas cosas nuevas y necesitan dif. experiencias, sabes que hay formas de involucrarte" en comparación con otros grupos raciales, los hispanos tienen menos representación en las companias de silicon valley.. la razon: estudios señalan la falta de educacion y preparacion para este campo laboral. 00.37.15 "estudiar computacion puede ayudar, es la carrera del futuro" no obstante, hay hispanos que estan revolucionan do este mercado. para zynga, lo más importante es que sus empleados tengan pasion por los juegos, ganas de aprender e innovar 00.33.14 "mucha gente llega como testers, la gente que prueba los juegos, y trata de conseguir errores, y los reporta, y poco a poco se va involucrando con la ind. y puede conseguir un cam

i want you to help me -- that farmville. i want you to help me and others prioritize and what we should be focused on instituting and doing more rapidly in order to help these farmers that you have been talking about this morning. so emily let me just are with you and we will go right down the line. >> all right. i will talk about three things will stop farming, ranching production is a big one. there is a language about farm viability in the new farm bill. so a lot of those out there do not even necessarily mean that little beach rental -- that land will be transferred to a farmer, so we would like to see that become part of the criteria, not making it onerous on land trusts but recognizing that if we want to use these federal dollars of a productive way to keep land in agriculture, that we would like to see that become part of the ranking criteria. we are really excited about the micro-loan program becoming permanent. it was just a trial program the first year, so i think encouraging that program and more understanding thr

. >> they make one-hit wonder games and it's tough to be a winner so with zynga, an app run with farmvillevirtual goods and use the facebook relationship t-mobile phone. they went after a lot of acquisitions. the mobility they bought that, the user ship went down so they were a young company that took a shot and struck out. a lot of people bought it at $14, $8 a share. you're very lucky in your time but you're one of the smartest people i know so with that said, sell. >> sell. >> sell. >> thank you, rob. twitter seems to have some of those first-year issues of a publicly-traded company that we saw with facebook, ups and downs. what do you think about twitter? >> twitter is cute. instant messaging and snapchat does what twitter does, sending messages back and forth. they're missing a little component. they're great at gathering news, unbelievable. they broke the so is a ma bin will orb o so ma bin laden and probably just the u.n. bieber stories. it's too scaffolding with hashtags. they will get there, i think. i think it will develop and work out over time, but right now, they have to sell

a relative lack of product catalyst s in the near term. >> from grand theft to farmville, upgraded to a buy from neutral. >> up 1.5% to $4.50. target goes to six from four. they note the beginning of a stabilization in cooperations and increased scale of innovation resulting from the acquisition of a british software company. rather quietly up 28% year-to-date. >> we also have arm holdings being added to the conviction buy list. >> down 4% to $43.79. their rating is an overweight. they got a target of 64 bucks. they basically see $20 worth of upside from arm holdings. >> why not bring up the chart for palo alto networks, the target raised at pacific crest. >> the stock's seeing $14.50 of upside. demand for the network security company is firming up. they are set to extend growth and accelerate market share gains this year. >> today's under the radar pick is smith and nephew. >> a british based medical equipment maker, in a deal to buy another company for $48.25 per share in cash. this was a $30 stock during the peak of the financial crisis, more than doubled. it's been a rough year fo

we've had conversations with some of our tech partners like zinga about creating a farmville universe at this place because of the open land so there's lots of ideas ranging from crazy to real and right now we know it's empty and we sell christmas trees and pumpkins, so and by the way there is a deed restriction on this property. when the city gave us this piece of land in exchange for some other things and commissioner wynns knows i know when that was about 15 years ago the deed restriction limits this property to development for uses for educational purposes, so for anything else to happen we would have to be working with the city to lift the deed restriction. and that gives you a aerial photo of the lot at seventh and loton. if you go forward if we successful make the property exchange with mo for the three parcels i described we will actually own a really large parcel at the heart of civic center both on mccallister and franklin and now the parking lot. it would be great if we were able to purchase the site that was a boys and girls club. that wasn't an option for us. we know that

just like "farmville." sucked into it, it is free, but if you want to take it to the next level, you have to pay. >> if you look at the three top selling games, it is "candy crush", at rescue, and farm heroes. 78% of the revenue comes from "candy crush" alone. you get 95% of this company's revenue from these come -- 33 games -- these three games. -- very surly is going in ipo for his investment firm called sky would capital. nowher deal potentially that comcast is set to buy time warner cable, charter communications left without a partner today. charter may be eyeing a deal with medications. cox communications. now that we have business out of the way, let's talk house of cards. of netflix subscribers logged on to watch the latest chapter of the show. that was just the first day. all 13 episodes of the drama arrived on the streaming service starting friday. netflix shares jumped to an all-time high on that same day. kevin spacey made an appearance this week. how do the prep for the role? recently that if i

just like "farmville." >> premium style. you get sucked into it, it is free, but to take it to the next level you have to pay. >> if you look at the three top-selling games king digital has, candy crash come up pet -- king digital has, candy crush, f pet rescue. candy crush is 95% of the revenue. estatey sternlicht, real mogul of w hotels is filing for an ipo for his investment firm, starwood capital. another deal now that comcast is set to buy time warner cable, charter communications left without a partner at the dance. charter might be eyeing a deal with cox communications. willrd meeting next week be held to discuss options according to a person familiar with the matter. cards."lk "house of 16% of netflix subscribers logged on to watch the latest chapter of the life of francis underwood, that was just the first day. episodes of the second season arrived on the streaming service started friday. netflix shares jumped to an all-time high that same day. kevin spacey made an appearance on abc's "this week." how did he prep fo

obama signs the "farmville". we will discuss the efforts to stop the virus that make kill 5 million pigs across the united states. some headlines from my radio cohost carol massar. >> the u.s. jobs report did come out today. payroll was less than projected. adding 113,000 jobs. economists had forecast in 180,000 jobs would be created. the unemployment rate dropped to 6.6%. the lowest level in more than five years. secretary of the treasury jack lew saying u.s. borrowing authority may not last past for very 27. therged congress to extend debt. writing that extraordinary measures used by the treasury are "must to be -- may be exhausted in less than three weeks. filed forof cameras an initial public offering. onis working with jpmorgan the ipo and the company had close to $1 billion in sales last year. those are the top headlines. >> last year 200 million shoppers spent over $1 billion .com.ome goods on wayfarer it is not just an online destination. it is serving as an option for those seeking employment. top 100umb

senate prepares to vote on the much delayed "farmville". and facebook turns 10 years old. to our viewers here in the united states and to those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making headlines today. megan hughes follows the story on credit card hacking in the wake of the massive data breach at target. let's begin with julie hyman in today's big rebound in stocks. good afternoon. declinesund from the we have seen to date. 2014 not off to an auspicious start, with the s&p 500 falling almost six percent yesterday, then coming back from that today. factory orders coming in not as poorly as had been estimated. affecting matters, some of the earnings news we have gotten. discretionary stocks are leading gains today because of a couple of stories. michael coors shares are soaring after the retailer came out with earnings that beat estimates. those shares are doing much better than the overall market. they are also catapulting michael coors himself into billionaire status. analysts say these numbers bode well. in b

all that cold air is blowing from minnesota down into -- despite its name, the the "farmville" is notst about bill is not just about helping farmers. secretary bill sacked calls it a jobs bill, and innovation bill. and infrastructure build. a research bill. a conservation bill. it is like a swiss army knife. it is like mike trout, for those of you who know baseball. somebody who's got a lot of tools and multitasks. it is creating more good jobs, gives more americans a shot at opportunity and there are two big ways in which it does so. the farm bill lifts up our rural communities. over the past five years thanks to the hard work and know-how of america's farmers, we have had the strongest stretch of farm exports in our history. when i am traveling around the world, i am promoting american agriculture and as a consequence, we are selling more stuff to more people than ever before. it supports one million jobs, what we grow here and what we sell. it is a huge boost to the entire economy but especially the rural economy. here at michigan state your helping us to do more. i just got her to

, mira, jorge, hemos llegado aquÍ con el presupuesto que no se iba a poder lograr y se logrÓ, el farmvillepo a gente que lleva a veces aquÍ 15 o 20 aÑos esperando? >> claro, yo entiendo, no, yo entiendo la frustraciÓn, yo no estoy justificando la lentitud pero conociendo cÓmo funciona el congreso, donde estamos ahora es una cosa fabulosa y quisiera felicitar a mario dÍaz-balart, a luis gutiÉrrez, a marco rubio, bob menÉndez, estos han sido los lÍderes en el senado y la cÁmara y que estamos moviendo, y el presidente obama que felicitÓ el plan, el congressional hispanic caucus que tambiÉn estÁ en favor asÍ que vamos a ver cÓmo podemos avanzar. >> en cuestiÓn polÍtica, usted sabe que los republicanos tienen un problema, en las Últimas elecciones consiguieron solo els haciendo esto porque es lo justo, porque es lo correcto, porque la verdad es que nuestros miembros en el congreso, muy pocos dependen en el voto hispano para su reelecciÓn, muy pocos, esto va a ayudar si uno habla en tÉrminos de polÍtica solamente, va a ayudar a los candidatos presidenciales, ninguno de los cuales estÁ en la cÁma

approved a long stalled "farmville" that includes a major cut to food stamps.the measure would reduce funding for the supplemental nutrition assistance program by 8.7 billion dollars over a decade. the figure amounts to a loss of $90 per month for 850,000 families in need. the cuts marked a compromise between republican land to cut food stamps by $39 billion in a democratic one to cut them by $4 billion. the bill would also in the billions of dollars in direct payments to farmers, but still hand out billions more to the expansion of government subsidized crop insurance. in a statement, the children's defense fund said -- north carolina is facing a major spill from a shuttered coal plant near greensboro. up to 82,000 tons of coal ash and 27 million gallons of polluted water leak into the river after a pipe rupture beneath a coal ash pond owned by duke energy. the ash contains toxic metals that could threaten drinking water, including arsenic, mercury, lead, and boron. duke says the leak has been stopped for now. a new congressional study says president obama's h

farmville was great. what could go wrong.ddictive game is really addictive until it's not. even mario is having trouble these days looking at nintendo. they got to have more than just this game. we haven't seen whether they will be able to extend that brand into other things. it's risky but you can take your shot. >> jane, what do you think? >> reporter: i was playing candy crush a little while ago. it's kind of a tetris for kids. it's a much more successful game than anything zinga has ever had but again, it is the one most successful game they have. the question is, these other games they have, can they become something more. and certainly the news that they will file for an ipo has been great today. the stock last i checked was up over 4%. >> thank you both very much. jon has been talking video games in the rundown but is also at the toy fair in new york city looking at high tech and low tech toys. there's a big annual event there in the city and he filed this report for us about 15 minutes ago. >> reporter: here at toy fa

. >> "farmville" seemed to me to be slightly revolutionary or break through in some terms. this does not have a sleek look. looks like something you would pick up the tj maxx or marshall's. .he game is like tetris not exactly a new concept. defriend people who play it. >> how important is it to homage toew content come up with new games? >> or why would we think the company would ever come up with something again after the game that does not -- enthusiastic about it. who is? crowdedield.very king is going the kings, queens. a very crowded kingdom. there have been a lot of successes. zynga, kabam. >> it is like what have you done for me lately, right? investors want to know what is next. they want to know you have a proven track record to come out with hit after hit. what is next for the company? king hasn't laid out for me the game the intent to make. i expect them to continue to make casual games. very well with the micro-transactions within candy crush. they have elongated candy crush. look at super cell. they have people playing for a year and a half at this point. money

bill -- think the farm do you think the "farmville" helps? farm billthink the helps?aller: it is inflated with other nonsense. bill andery good something we definitely need. we need agriculture in this country. it is what drove this country to be so powerful. host: allentown, pennsylvania, democratic caller. caller: when you are reading that bit about the republicans want to take stuff out of the affordable care act, i wonder if they realize that the risk c orridors -- they are in medicare part d. you should leave that question open for john make -- john mica when he comes on later. host: we are going to talk about the hearing and the marijuana policy. we will be talking about that. we can ask about his strategy on the debt ceiling and whether or not republicans should attach it to obama care reform. republicans are looking at the so-called risk corridor wars or attaching it to the keystone xl pipeline. journal" has this headline. senate budget chairman knocks down possible gop debt ceiling proposal. leadershipbout considering a received role move -- a procedure role

here is a story talking about "farmville" compromise.you want to talk about that amendment and your thoughts on the final farm bill signed. i brought an amendment to the farm bill, a bill i wrote several years ago. noticed states were passing laws that regulated the means of productions of products traded it in the -- interstate commerce. it is a constitutional violation. regulateongress is to interstate commerce. -- for example, -- we took a bill that was broader and narrowed it down to a list of products that were then titled the farm bill now that existed. californiacame clear was regulating egg production outside the state. just a happenstance iowa is the number one egg producing state. for california, to pass a law that regulates their egg producers and makes them double their cage size, this was german by the humane society of the united states, a large and effective political operation in this country. they passed a referendum that did not apply to the rest of the country. california producers new they could not compete in the egg

. >> "farmville" in drag. there are two kinds of games. the ones that you play because there are fun and ones that you play to get ahead and pay for. be the countsed to is sure. you could advance your farm so to state by taking in. are the same double model? -- are these sustainable models? you are as good as your last forer willing to play purple cow in one instance. >> bikes i do not know how much it costs per candy to get ahead. >> that is always a question with any of the ipos of the not only gaming apps, but groupon as well and twitter. >> the first thing was electronic arts. other games were created that were better. >> i want to switch to the other story i mentioned, which is activist buying the lab. you know carl icahn very well. he said great results for all forest labs shareholders. again the activism works. it works why? >> i am a big admirer of carl icahn. carl icahn has never come into a company without the other shareholders interest in mind. there is shareholder activist that is very selfish. i think ackman and others. recen

does not look very promising with the gaming fad, the popularity of angry birds -- "farmville" followingcurities by measuring risk and they give the company a high grade. the president joins us to crush" is thecandy only successful game in this cadre of products. what is so great about it? are people going to get sick of "candy crush?" >> investors have to look at two things, the history of the company beyond "candy crush" and the fact this has been incredibly well. the company has been around for well over 10 years, they have been quite profitable and efficient, and the financial health rating is measuring efficiency. a company like zynga is not as effective. >> the cash flows and sang with $700 million last year. surely they have not had a cash flow like that before "candy crush." >> they haven't, but what they have been able to do -- >> and they won't after. >> they will do a lot with the money from the ipo. >> they will have to win the lottery. >> this is like winning the lottery, with $500 million. the company has invested with the capital and cash flow and invested this in properti

zynga, august 25th, they make the farmville people up 75%, we were totally wrong. of our president tech gurus put game stop on death watch on august 19th, it is down 19%. last but not least blackberry june 28th up 1% since then. we do hold ourselves accountable. we brought it to you earlier this week, 3d printed prosthetic hand for a young boy changed his life. we have one of those hands on set after is this. ♪ ♪ stuart: look at that. we showed it to you earlier. that is indeed, almost unrecognizable. that is me 30 years ago, full head of hair. moveon. railroad baron warren buffett, heads up, warren buffett, the regulators issuing new rules for rail cars carrying crude oil following explosive accent's aimed at moving out of north dakota, they want safety testing, rail car upgrades. now this is where warren buffett comes in. he opposes carrying oil in the keystone pipeline. doesn't want to build a. makes money carrying in his railcars of which he owns many. he will be hit with a new expensive rule. you are with us. look at me. i know you are looking at the camera. s

king might be too much of a one-trick pony like zinga, whose ipo was fueled by the success of its farmvillee. meanwhile, streaming music service spotify which has over 25 million active users hasn't filed for an ipo yet, but certainly seems to be moving in that direction post ago job opening for an external job specialist to prepare the company to set up all reports necessary to be s.e.c. compliant. spotify raised $250 million back in september in an evaluation of over $4 billion. we'll have to see what its valuation is when it does eventually file to go public. this is a very busy ipo season for start ups this year. >>> meantime, virgin atlantic has begun testing google glass with its staff. virgin hopes staff will be able to better serve customers by identifying them as they arrive at the airport and being able to call up all sorts of details like dietary requirements and flight information. >> relating to the car, how many >>> second end between great britain and canada. canada was able to score two in the opening end. the hammer now goes over to team gb. >> up by 2. jennifer jones calls

. >> the house did pass a "farmville". what does it look like -- the house did pass a farm bill. what does it look like? >> that would set up a vote to clear the five-year package. a huge piece of legislation. could be the last big bipartisan legislative deal this year unless something unexpected happens. i think it deals with so many different both visions -- provisions. we have something that generally people arereed upon, going to likely not kick up a big fuss. they cannot amendment because it is a conference agreement. >> one cichlids, what is in store? -- once it clears, what is in store? of got thesort speaker's schedules. one of the things they are doing in the short run is a couple of public lands and hunting and fishing bills. i do not know that counts as major. they would expand access to land management and plans for hunting and recreation fishing and shooting. it has got some interesting language. they will meet in house rules on monday to decide how they are going to debate this and whether they would allow amendments. from that, we will see if it will be a huge figh

though is that king is too much of a one-trick pony like zynga whose ipo was fueled by the success of farmvillehas fallen by half since the ipo. spotify, which has over 24 million active users including over 6 million paying subscribers hasn't yet filed for an ipo but it seems to be moving in that direction. posting a job opening for a, quote, external reporting specialist to prepare the company for s.e.c. filing standards, set up all reports necessary to be s.e.c. compliant. posting that job opening on its own website and linkedin. spotify raised $250 million in september at a valuation of $4 billion. it is expected to go public in the next year or so at a valuation much higher than that. back over to you. >> julia, thank you. luckily, kelly and i have not been sucked into the candy crush vortex, but we're hearing a lot about it. if you are one of those who crave candy crush or tuning into spotify, let's take a deeper look into the ipo opportunities. >> already some market watchers asking if the valuations for a video game and another music service are reminiscent of the dotcom bubble. joining

it is not within the jurisdiction of the "farmville".e would be happy to work with them in some way to solve their problems. it was very disappointing to see decide thiseople after we have met their top priorities. they were not successful. it was not as -- there is not support. >> he was badly burned by the bay of pigs experience. chief -- the joint went tof staff -- he see the goal in france. he did that in may or june of a -- of 1961. surround himself with the smartest possible people, hear what they have to the day at the end of you have to make up your own mind. he remembered what harry truman said, the buck stops here. after the bay of pigs he was determined to make of his own mind. at the end of the day he was going to make the judgment and he was the responsible party. clear whenundantly you listen to all of those and read the transcripts of all of those tapes. at arms length he held the joint chiefs. they wanted to bomb and invade. at thes an inside look kennedy administration sunday night at eight on c-span's q and a. >> "washi

it is not the best farmville, but it was bipartisan.t i think the president has always had as a goal is to try to find common ground on things that are going to move the country forward. especially in the area of economic growth. that is going to have a benefit for everyday americans. the dilemma that we have right now in our economy is that the folks who own stocks and bonds have done pretty well since the crash, but people that uncheck lock or get wages, their incomes are stagnant from where they were five, even 10 years ago. and there are a whole lot of people who are not working. on those matters should executive authority be the only thing the president does to achieve those goals? no, there is a mutual responsibility to the obligation. part of that, in my view, is that we in congress work with the president to try to find common ground. of course, that is up to mr. boehner and mr. where, oh, much more than our side. if i can do something on my own at home that will help my district, i do that if it is within the law and i think th

they are working on the details of the "farmville". have you heard any plans to defeat it? rex i think the farm bill is in safe territory. it has been a long and bumpy road. instead of big changes in the "farmville" emma it ends the system of direct amen in which the government regardless of the weather or the crop yield and because it was considered [inaudible] and that it did not distort the market. prod farmers to plant any more of one kind of crap to get subsidies put it was politically unpopular. are beefing up the crop insurance program. that was a little bit of an unknown of, to will cost taxpayers. the defendants say it is better than having to provide ad hoc assistance. the other big component of the farm bill is the money for food stamps which is a political fight this year. ultimately they will cut a billion dollars in foodstamp funding which is small enough to get many democrats on board who had balked at the earlier bill version had $40 billion in cuts. that is horrible to get it across. >> you can follow her on twitter wsj.com.tores are for joining us. >> we h