garmin is turning to wearables.nk about wearables and innovative mobile technology, you have got to put garmin in the conversation. the company has been very active in aviation and read for a long time. the personal navigation device market, they dominated globally. they have been in the growing personal fitness world for now. cfo.joined by the good to see you. full disclosure, i was involved in the stock 10 years ago. we have had a lot of discussions about your business and i want to know where you guys are right now. it seems when i assured the stock in 2005, there was a new thing called a smartphone and people stopped buying new gathered -- navigation devices. >> we have seen an impact on the overall market. the nice thing is we have been gaining shares during that time. substitution with smartphones. we have been rebranding in many of the segments we are in. that.k to me about there is so much excitement particularly around fitness. the fit bit in spite of the big an earlierdespite recall. talk about what you're

andrew, with smartphones and all that stuff, i didn't understand why garmin is still viable. >> garmin'swhat is it? >> you just heard the latest. they do things. >> keep me updated. >> you know what? we can talk about mapping a little bit with our next guest who is also a disrupter. in the meantime, yesterday's departure of michael kavanaugh raising lots of questions about succession at jpmorgan. kayla tausche joins us with more on who might replace jamie dimon. >> kavanaugh had been close to jamie dimon at citigroup and then at bankone and most recently at jpmorgan. in the last year, the two had had been taking meetings with independent lawyers and advisers to discuss the future structure of the bank he was the chosen successor which is why after the initial surprise at his departure, they're now already starting to talk about who's next. one name keeps coming up. that is gordon smith. he joined jpmorgan seven years ago. most recently he's been ce, on of chase, the consumer bank. insiders say he's successfully run a heavily regulated business as washington has been cracking down on cons

. >> we had the chief financial officer from garmin on last week.are doing a lot of business in wearables. why do you think this business is blowing up? >> there are a million great reasons. the battery life is extending. there is low-energy transmission. let's reflect on the lawsuit. i think this whole thing is bonkers. the class action lawsuit is coming out against fitbit for a subtle reason. the people who are buying it are still buying the old devices. these are the health conscious 1%. most of the general populace is unaware of these devices. there are 99% more people who would benefit from these devices. they could get thinner and healthier. any form of class action lawsuit is ridiculous. these people are early adopters. it might burn your hand sometimes, but you chose to try it. >> i wish i exercised as much as you said. i were these today for you. i am not compelled to wear them on a daily basis. can this go mainstream? some people say that these will become part of our clothes and everything we wear. you have been working with wearables for

and and and and the bank was i thinking on this we have very effective in store for garmin and agency under state cuts and directly. i don't think we can achieve. reader of times. i think we all expect and it's because of complete more serious efforts. so if you are looking at the euro hit with side the next five years the hip hop what would you write. as the number one challenge now for improving health here in china. well i think the number one challenge. when bb on the government on. clear. com policy goal to ofcom police are equal access to calm health nature's cars such as on the inclusion of god. oh well. on top of love what will come. sorry but that comes from the good the various sectors of the industry that need to come together to work together to help provide data services. yes i think the government it should really make it very clear and then add cheer access to healthcare services have to be a post i put them on the species mom on the general population. and also how the government eased era clear about the weird government funds should be focused. so that we can have be

we have our app or you can track your runs, but there is everything from google glass to double to garminnd we just launched on samsung. the idea is we want to take the data and divide some context. we want to provide motivation. >> do you find any device works better than another? is a wristband better than glass? >> we understand our specific athletes. strava is refocused on a particular area of the market. we support runners and cyclists and triathletes. based on that, we can create a tracking device that meets their needs specifically. versus the other end of the spectrum, people who need something to track calories. >> i have personally found that i am the most fit when i am completely anal about checking my workouts whether it was the swim team in high school or triathlon training. that is how i learned to do microsoft excel. now i can do it in different ways with these devices and your app. is that typical of athletes? i feel there are people just work out and the geeks like cyclists to want to measure everything. >> we, our cofounder and i met on the crew team at harvard and we ha

the garmin rider doing enough to move up to third overall of the prisoprestigious race. >>> butler scored for england as they posted 152-7 of their 20 overs. hitting 11 sixes and 7 balls remaining. 30 of 9 balls. staying with cricket, harris is targeted australia in october to make his return after knee surgery. he had operation on tuesday just a week after taking the last two wickets in victory against south africa. he's expected to be out for six months. >>> in the nhl, just the day after their player peberly collapsed on the bench. and dallas scored in overtime. >>> kevin durant scored 42 points as oklahoma city thunder met the houston rockets. 106-98 victory snapping a two-game losing streak for oklahoma. >>> loads of sport includingy cricket indian premiere league will begin in the united a emirates. and details of how to get in touch with our team using twitter and facebook as well. >> and it will start in ua. >> you can go on the website and get full valle value for the moy this is david foster, from our news team.

this is the navigation system, the garmin 530. this is the transponder, if i may show you this. the transponder is squawking 1200 now. i'm flying vfr. anybody who flies visual flight rules, if you want to use a transponder you squawk 1200. . a squawk code will be there. you will be told by the controller go to 0466. that's for radar identification and location. okay? who the plane is, where the plane is as far as altitude is concerned. above 18,000 feet -- and that's where this commercial flight was flying -- you have to have two of these. it's regulation. you're going to tell me both of they will malfunctioned? both of them happened to be turned off? somebody turned these off. that leads us to believe the plane was clearly manipulated, whether it be by the pilots or somebody else who may have commandeered the cockpit. let me give you an example on the squawk. if i'm going to minneapolis and say this is caravan 208-tr at 1,500 in bound the controller say gives me a squawk code. squawk 0466 or whatever the number might be. as soon as i put 0466 in there they know who i am, where

. >> quickly on grm, garmin. >> people are missing the story. they think it's automotive. it's not. it's the wearable technologies we've talked about. and for months, they dominate the space in the fitness market. i can speak to it. i had one on my little bicycle way back. >> and a bell. >> and a bell. >> and a basket. >> a basket. at 19-times earnings, it's expensive. but there's a huge short interest. i don't think they've gotten squeezed yet. i'm not saying we're going back to levels in '07. we can take out the 60 level. wells fargo downgrade. the stock goes higher from here. >>> another day in the green. facebook surging. it's up 30% so far this year. hit a record high yesterday. and anthony colettety follows some of the biggest names. in terms of facebook, the stock and a lot of analysts have underestimated in that many of the analysts, one-third have price targets below where facebook is trading. why do you think the street got this one wrong? >> i think people underestimated how well they would do on mobile. they created a standard ad format, which is news feed stan dor spons

garmin getting an upgrade. >> they have high expectations for the new fitness band.increased to 65. the stock is at 55. shares have surged already. 62% the past year. not bad for a company that many people said was left for dead a number of years ago. >> i remember. >> exactly. exactly here on street signs. those shares are tanking. 39%. cutting by 18% to $9. which is -- >> it's what? i couldn't make that out. you were chuckling. >> yes, well, you can say it. >> well, the stock is at $4, $3.90 a share so the target is $9. basically the problem is a drug trial. they're going to continue the drug trial. some analysts thought the data should be good enough to stop it. meaning just go to market now. they can't do that so it's a negative sign. >> okay. the carlyle group is seeing a nice upswing. >> yeah, target increased slightly to $38 well above the current price of $33. $5 a share. solid growth opportunities. they also love the pact that carlyle hired jp morgan executive michael cavanaugh and call it a win for the company. >> it's down by about 1% despite the fact that

this is a garmin aviation gps. with this gps, and you'll see this on a lot of search and rescue aircraft, because they'll program a grid and fly this to fly that grid. with this little device, i can go anywhere on earth within 20 feet. so somebody could come into the -- on to the airliner and instruct the pilot to fly according to a predetermined course that that person set up. he doesn't have to have a great knowledge of the systems. he can track on his little device that he's very intimate with, has a lot of knowledge of, that the plane is going to go where he wants it to go. the question s why is this happening? >> sure. okay. why is this happening? >> i don't know, karen. why is this happening? you tell me. all my colleagues are scratching their heads. nobody knows. >> that's why we're here on cable television, to speculate about why it may have happened. one element i found interesting is in terms of where this plane might be. one of the other -- so we're talking about land and we're talking about over sea. in

a new high for garmin. they are still rocking and rolling. still hanging in there pretty good. a gun store in california pulled a smart gun from the shelves early this morning. why? it is putting the gun on sale in the store. david king joins us from washington, d.c. it is a weird, strange mix of things going on here. >> there have been ones where the gun would send the fingerprints, this one requires the owner to wear a watch that communicates with the firearm that will not work unless you have the watchdog. they have never been able to perfect this product. the gun control people really like the idea. they would like to mandated. this is a business channel. this company is not designed to go after gun owners and potential gun owners. this is a company where the success depends on the marketing to politicians. it would require firearms in new jersey to be limited to smart guns. historically, these things do not work all that often. charles: the typical safety gear that is on your regular guns at the moment. even if they eventually perfect this, maybe a combination fingerprint,

this is a garmin gps. to go to any point on earth within 20 feet. >> hold that up a little higher there. so wait a minute, you can program anywhere within 20 feet on the planet? >> right. i put in 30 rock this morning and get the lat/long and i can program this to any latitude and longitude position on earth. i can get on any airplane and not know the systems but i'd be spis skated enough to tell the pilot where to go and make sure he went where i told him to because i'd have it in the this box. >> tell me how difficult a plane that is to fly. >> it's one of the most sophisticated airplanes ever designed and ever manufactured. but that said, it is extremely user friendly. pfs designed by pilots for pilots. as i've said before the auto systems are -- they're fantastic. what they can be very simple to operate. i could, for example, take this gps, set a court, pick up a bearing, say it's 300 degrees, rotate the heading select to 300 degrees, press the button. now the plane is flying at 300 degrees. i can do t

ground this time in the american state of ohio which has been hit by a series of tremors recently garmin to this point to the dozens of nearby drilling wells for the controversial gas extraction method the story right now it'll take. plus find out what award winning journalist says quote the american media john c.b.s. up to more than twenty years of dedicated work. right from the scene. first rate. and i think you're. on our reporters there in. an instant. to be in the. britain has arrested three men and a woman on suspicion of heading to syria to support extremist fighters there and face terror related charges that could land them with life in jail there's been a rise in such a arrests in the u.k. where police fit returning terrorists will then conduct attacks on british soil when in total nearly two thousand europeans have traveled to syria to fight france is the biggest source of volunteers with an estimated seven hundred germany and belgium have each seen around three hundred people had to the war torn region and as for the u.k. police say there are two hundred fifty british jihadist

dennis gartman has been publishing his daily commentary the garmin letter since one thousand nine hundred eighty seven it's been a couple years now and over the years he has also weighed in on issues relating to the capital markets for banks u.s. government entities and the financial media today dennis is speaking with us about what he is seen in the u.s. and global economy as well as in the financial markets first and foremost welcome to the show dennis it is a pleasure to have you here now i want to start off by saying a lot of economic numbers in the u.s. have been coming in soft recently now we have i want to throw up this graph that we have right here now the u.s. g.d.p. for the fourth quarter of two thousand and thirteen it's been downgraded from initial estimate of three point two percent to two point four percent then we have u.s. q four productivity growth in two thousand and thirteen that was lowered to one point eight percent from three point two percent i am services are down fifty one point six in february twenty four team from fifty four percent in january and only three hun