when the supreme court decided in 2007 that goodyear had been paying me unfairly long enough to make it legal, i knew i wasn't ready -- \[laughter] >> i knew i wasn't ready to give up my fight for fair pay. less than two years later, congress passed the lilly ledbetter fair pay act -- \[applause] and president obama -- \[applause] and president obama made history with his signature on the bill. \[applause] the first bill he signed sending a clear message about his priorities. standing behind the president as he signed my name sake bill into law was one of the greatest moments of my life. yet i knew and the president knew that my bill was just an important first step in the fight for fair pay. in the five years since, we have seen my bill's companion legislation, the paycheck fairness act stalled in congress with little movement the fight for fair pay. that is until today. folks often refer to me as the face of fair pay. but for today, at least, that time belongs to president obama. \[applause] today president obama will sign an executive order that will ban federal contractors from r

i thought a job at goodyear could help put my two children through college and enable my husband andnly female supervisors, i per severed through daily harassment and took as little leave as possible because i never knew if my job would be waiting when i returned. almost two decades into my career at goodyear, i received an anonymous note that said, i was being paid thousands of dollars less than my male counterparts. all i could think about was how much my family had done without and how hard it had been over the years and how i would never catch up to my male co-workers salaries nor have the level of retirement benefits. my legal battle for fair pay soon began after and wound its way to the u.s. supreme court. when the supreme court decided in 2007 that goodyear had been paying me unfairly long enough to make it legal, i knew i wasn't ready -- i knew i wasn't ready to give up my fight for fair pay. less than two years later, congress passed the lilly ledbetter fair pay act -- [ applause ] >> and president obama -- [ applause ] >> president obama made history with his signature on t

. >> when the supreme court decided in 2007 that goodyear has been paying me unfairly long enough toake it legal -- [ laughter ] >> i knew i wasn't ready to give up my fight for fair pay. less than two years later, congress passed the lilly ledbetter fair pay act, and president obama -- [ cheers and applause ] >> and president obama made history with his signature on the bill. [ applause ] >> it was the very first bill -- [ cheers and applause ] >> -- first bill he signed, sending a clear message about his priorities. standing behind the president as he signed my namesake bill into law was one of the greatest moments of my life. yet i knew and the president knew that my bill was just an important first step in the fight for fair pay. in the five years since, we have seen my bill's companion legislation, the paycheck fairness act stalled in congress with little movement in the fight for fair pay. that is until today. folks often refer to me as the face of fair pay. but for today at least, that title belongs to president barack obama. [ cheers and applause ] >> today president obama wi

well, technically it'sn airship , in fact this is the goodyear blimp. doesn't it fly over the super bowl and stuff? yeah, and guess what? what? we are going to go for a ride right now. no way! ahem ! do you want to check it out? yes! let's go! elizabeth: welcome to elizabeth stanton's great

. >> when the supreme court decided in 2007 that goodyear has been paying me unfairly long enough to make it legal -- [ laughter ] >> i knew i wasn't ready to give up my fight for fair pay. less than two years later, congress passed the lilly president obama -- [ cheers and applause ] >> and president obama made the bill. [ applause ] bill -- [ cheers and applause ] >> -- first bill he signed, sending a clear message about his priorities. standing behind the president as he signed my namesake bill into law was one of the greatest moments of my life. yet i knew and the president knew that my bill was just an important first step in the fight for fair pay. in the five years since, we have seen my bill's companion legislation, the paycheck fairness act stalled in congress with little movement in the fight for fair pay. that is until today. folks often refer to me as the face of fair pay. but for today at least, that barack obama. [ cheers and applause ] >> today president obama will sign an executive order that will ban federal contractors from retaliating against workers who discuss th

my personal story of unfair pay began in 1979 when i started at goodyear tire and rubber company. it sought -- i thought the job a good you could help me put my two children in college and enable my husband and i have financial security in retirement. as the only female supervisor, i persevered through daily harassment combat to as little these as possible because i never knew if my job would be waiting when i returned. almost two decades into my career at goodyear, i received an anonymous note that said i was being paid thousands of dollars less than my male counterparts. all i could think about was how much my family have done without, and how hard it again over the years, and how i would never catch up to my male coworkers salaries, nor have the level of retirement benefits. my legal battle for fair pay soon began and wound its way to the u.s. supreme court. when the supreme court decided in 2007 at goodyear had been paying me unfairly long enough to make it legal. i knew i wasn't ready -- [laughter] i knew i wasn't ready to give up my fight for fair pay. less than two years la

when the supreme court decided in 2007 that goodyear had been paying me unfairly long enough to make it legal, i knew i wasn't ready -- [laughter] >> i knew i wasn't ready to give up my fight for fair pay. less than two years later, congress passed the lilly ledbetter fair pay act -- [applause] and president obama -- [applause] and president obama made history with his signature on the bill. [applause] the first bill he signed sending a clear message about his priorities. standing behind the president as he signed my name sake bill into law was one of the greatest moments of my life. yet i knew and the president knew that my bill was just an important first step in the fight for fair pay. in the five years since, we have seen my bill's companion legislation, the paycheck fairness act stalled in congress with little movement the fight for fair pay. that is until today. folks often refer to me as the face of fair pay. but for today, at least, that time belongs to president obama. [applause] today president obama will sign an executive order that will ban federal contractors from retali

she is the person who sued goodyear tire and rubber when she found out that she cede approximately $1,000 less than the lowest-paid male employ employee. he supreme court agreeing that she had been treated unfairly, but saying she waited too long to sue. our mike viqueira at the white house. mike explain to us these two laws that the president is signing right now. >> you heard the president say the statistics, $0.77 on the dollar that's what the average woman makes for every dollar the average male makes. you cited lilly ledbetter there, the first law the president signed into law -- the first bill he signed in to law. and you may have noticed the president using a pen for each letter of his name? plenty of souvenirs to go around there. it would ban companies -- federal contractors from retaliating against employees who discuss their compensation in the workplace. no retaliation, he is also signing an executive action that would require federal contractors, of course those who do business with the government to report to the department of labor, statistics, data that breaks down the rate

lily led better found out toward the end of her career at goodyear that she was making tens of thousandsf dollars less than her male coworker. so, if you have that information and you can share it without penalties -- >> can i just ask you, in terms of your professional work in there, you have dealt with it in an academic realm, but you can also -- i have seen the debate on the political right shift from being against the idea of women shouldn't be working to there's no right answer, to now talking about equal to as if it's a liberal plot. and if you believe this, you probably believe that the earth is warming, too. i just have to ask your reaction to that. >> well, you know, i don't take it too seriously. i took at the actual data coming from the federal agencies. it shows a wage gap. and it's confirmed. there may be a portion that can be explained with factors, but there's others that can't be explained. most of the women, and the vast majority of the women, and many of the men will say equal pay. the campaign from conservative economists and politicians to try to make it go away, pret

out, we're burnt we goodyeare in more subtle things. >> when it comes to continuing to build the huffingtonost, what you want to do there and how do you plan to confuse the things you learned in this latest stage of your life? >> definitely making the changes that i started describing in joe, and meditation and breathing classes. now 95 million that we are right now 95 ,i million around the world. we have thriving coverages in each country. wherelooking at this and the new ways of doing things in each country are. >> going viral does not mean mission accomplished. is that not the ultimate measure of success? value is not just how important it is and how you obtain that. .o i think it is very important carefullylook at more at everything and why it is going viral. >> we heard her take on steve jobs and sheryl sandberg, but what about her sale to aol and the work usually ship? we will have more with her next. ♪ >> you're watching bloomberg west where we focus on innovation and the future of business. arianna huffington sold the huffington post to aol for $350 million just three years ago. --t

goodyear tire up more than 101% year over year. the shipbuilder up 92% year over year.ome point, the economy is going to get better and the stock market will get worse. you will see a reversal, right? >> when these companies continue to grow their businesses, so some of them are growing them at the margins two or 3%. waiting so long to get the topline revenue growth i think we're starting to see the inflection point where they have cut for so long there is not much left on the bone to cut anymore. spending in capital expenditures, things are getting better. they are really managing the business for the underlining shareholder and doing a great job generating all of this cash flow. these companies are exceedingly profitable. keep putting it back in the businesses. liz: kevin, you are a straight shooter, abnormally cold winter everybody has talked about. there is validity to that, isn't there? >> oh, for sure. the fact is writes now we're looking at two and half, 3% growth. the stock recommendations are pretty super cool companies. we are about to get a growth rate we hav

you see standing next to the president there is lily ledbetter, and she's the woman who worked at goodyearing 40% less than her male co-workers until one of them wrote her an anonymous note exposing her pay gap. the actions build on the fair pay act t

i was told in no uncertain terms that goodyear then, and still, a government contractor, fired employeeshared their salary information. it was against company policy. whoever left me that anonymous note did so bravely, knowing that he or she could face retaliation if they were found out. for my namesake bill through today's executive orders, president obama has been the outspoken leader, women and families need on fair pay. i urge congress to join the president on the right side of histo history with the patriot fairness act. i think president obama for his continued courage and vision and i'm deeply moved to be the one to introduce him today. please join me in a very warm welcome of president barack obama. [ applause ] >> thank you, everybody. thank you. thank you, everybody. thank you. thank you, everybody. all right. thanks to my friend lily ledbetter. not only for that introduction but for fighting for a simple principle. equal pay for equal work. it's not that complicated. and, lily, i assure you, you remain the face of fair pay. people don't want my mug on there. they want your fac

and then later on as we with got bigger, we began to go to the bigger companies like ford and goodyear and ibm and said you're not doing well with your military business. we can do well with your military business. and they were happy to sell it to us. and so we made 16 acquisitions in a period of time, we grew tremendously. $100 investment in loral in 1972 when i started was worth $17,000 when we sold out. >> that's a nice appreciation. >> yeah. >> you mentioned saul steinberg. you were chairman of his company? >> i was -- i was president. and later vice chairman. saul was my friend, he was my employer, he was my partner. we did a lot of good things together. >> but you seem like two very different people. >> very much so. >> how so? >> well, first of all, i was older and he was just a kid. second of all, he was very, very smart. he knew a lot about business. he knew instinctively things that should be done. and we just got along well together. >> but had a different philosophy about negotiation. >> totally. he was -- politically, for example, saul steinberg be, i have to be careful,

you see standing next to the president there is lily ledbetter, and she's the woman who worked at goodyear tire for 19 years making 40% less than her male co-workers until one of them wrote her an anonymous note exposing her pay gap. the actions build on the fair pay act that bears her name. she spoke to my colleague about today's actions. >> if this had been a law back in my day, i wouldn't be here because i would be at home drawing the proper retirement that i had legally earned through my working career. >> today republicans are firing back calling equal pay and the president's actions a political ploy. >> so on this equal payday, i would urge us to stop politicizing women and let's start focussing on those policies that are actually going to help women and everyone in this country have a better life. >> now, in all fairness, this is a medicine term election year, and the president is and has been working hard to rally his base. our nbc first reid team points out the reasons why firing up the female base is key. women have made the difference between democrats winning and losing electio

ledbetter taught us that, that her -- her decidedly lower pay that she -- that she received working at goodyear showed up in a significantly lower pension when she retires. over the course of a 35-year career, a woman with a college degree will make about $1.2 million less than a man with the same level of education. and as i said, when women make less, their families have less, their retirement income and savings are smaller. women 65 and older, their annual median income from all retirement sources, social security, pensions, private savings, her annual median income is about $11,000 less than men in the same age group. it's even more discouraging for african-american women who make 64% less and hispanic women who earn 53% less. that's so, so, so unacceptable. as a father of daughters, as a husband, as a grandfather of 2-week-old jacqueline sally, and as america i know this pay gap devalues women's work. it discourages economic growth because women take up nearly half of today's work force. at a time when families are struggling to make ends meet, equal pay for equal work isn't just a gender

. >> goodyear is falling after missing on both the top and bottom lines, murph. >> yeah, falling hardmpany that came out and blamed the weather for part of this loss that they posted, it's down 7% today. i like this name. i want to see the stock in the low 20s before i get back in. >> you're okay now? >> it's either a senior moment or the hits playing hockey. >> great arguments yesterday. simon did. >> bear. >> bear. >> so you got it right? >> i got it right. >> good job. at least one of us knows. >>> with interest rates at historic lows, is real estate becoming a more or less attractive place to invest money? few people have as much skin in the real estate, than the ceo of thor equities. joe, welcome. good to have you on the show. >> thank you. >> what's the state of commercial real estate right now as everybody's sort of figuring what the fed's going to do, where interest rates are going, and where the housing market itself is going? >> what we're seeing is really, as my son jack calls it, a tale of two cities continuing a magnifying. and what you have going on, physical, from a glo

somewhere in the vast corporation of goodyear, for whom she worked, a contractor, a federal contractor, by the way, there was somebody, probably a wonderful man who worked with her, who wanted to help her out and told her. but then she went on to try to do something. well, guess what? she faced retaliation. first she faced verbal harassment. she faced threats to her very safety. she faced sexual intimidation. she really got it thrown right back in her face and every day became a torture in the workplace, but she pressed on. that happens to women all over america. now, the other thing is -- and we can't allow that. when you stand up for your rights in america, you shouldn't be harassed. there's much said about the first amendment, yes. there's much said about the second amendment, the right to carry a gun. women would like to be able to carry a law to be able to fight for themselves. no longer will employers also be able to use just any reason to justify paying a woman less. oh, he's the breadwinner. oh, they do a harder job. when you talk to carries, the mechanical engineer they were d

goodyear tire. disappoints. nicole: the tire business was affected by the cold winter.hey talked about the winter in north america. it is the biggest u.s. tire maker. maybe this move. today is a little bit overdone. they expects operating income to grow between 10% and 15% in the year 2014. do not let these numbers be a complete indicator for their growth potential for the year. stuart: thank you. the dow is up about 90 points. president obama quietly announcing another delay to the keystone pipeline. that delayed almost universally condemned. actress and anti-pipeline activist making an appearance. i understand you are not too happy with me. >> well, no. i think it is important to have conversation. i do not think that the delay was a great move. this delay is not something that president obama had a choice about. there was a constitutional procedure that needs to be followed that was not followed properly in nebraska. the pipeline should be rejected. stuart: numerous studies that have been done. stuart: numerous? what do you mean by a permanent job? >> once the pipeli

. >> number nine, goodyear tired, reporting ernest -- earnings below analyst estimates in north americae with expectations and they reaffirmed their targets for 2016. >> siemens and general electric, it could become the biggest tug-of-war for a french national company. they are attempting to counter general electric with access to information according to people familiar with the matter. >> number seven is the largest foreign processor, posting lower than estimated first-quarter earnings because of harsh winter weather negatively impacting their operations. also contributed their week results to a low-margin environment. ,> number six is deutsche bank with profits that fell less than analysts had estimated. trading revenue exceeded estimates. >> number five is merck, the drugmaker reported first-quarter profits at $.88 per share, beating estimates by nine cents. merck also reiterated its forecast for the year. go-go, shares, plunging after at&t announced plans to bring access to challenge the wi-fi provider, offering service in late 23rd -- 2014. they control the largest share of the in

what are we going to have, our president with the nascar uniform or goodyear label?ey were looking for the genereszz when ellen de took that picture. >> we have learned that was allegedly planned. >> totally planned because right after that they went to a commercial. >> president of the united states. >> but it is all in the public realm. it is not like it was in the hidden back office that you weren't allowed to see. jim, help us out. >> could ucf dr with a decal on his -- could you see fdr with a decal on his wheelchair? >> you think it diminishes the office and effect? >> know, to the idiot company with no taste. >> the brand. >> this is not how you do it in the united states. drag david ortiz in this, and what tim does he play for? the world champion boston red sox. >> you're going to do this all morning. >> opening day. come on! this up.ut our mousepads. >> a magical day in a park built in 1912. >> it is going to be a rainy day in boston. >> we don't need a data check, we are talking about the red sox. we will watch this with unrest in southern israel, i should

it has had a goodyear over the past 12 months but dispipets for a number of years. -- disappointing for number of years. you have capital coming in and out of the country. it could lead to political strength but also instability. >> stephen king stays with us. we'll be back in just a couple of minutes. ♪ >> good morning, everybody. welcome back. it is time for today's hot shots. australia's nick claims his third title after cruising in victory. racking up an almost pacific northwest score. >> the climber known as the french spider-man scaled the macau tower. >> and volcanos in peru have been erupting. some of the most active in central and south america. wow. look at that. >> humble, almost. let's see how the markets are trading. >> thanks. the ftse up. the dax. similar the cac as well. yesterday the stocks did something that surprised everyone. facebook, apple. the s&p 500 so far 75% of companies have beaten earnings stims. one question, are they bad estimate or good numbers? ooking at euro/dollar. 1.3839. german business confidence better than anticipated. draghi speaks later on. any

up 3% on goodyear. old stocks at 26. we are joined by eric. of retro fitness gyms. he has over 100 of them in 13 states. $100 million in gross revenues. quite the success story. that is what we like on this program. eric, welcome to the program. let's run down the steps. $100 million in gross revenues. >> this year we are projected to be about 140 million. we started franchising in 2006- 2007. stuart: that is not too long ago. it is retro fitness. >> yes. stuart: i hear you have a reputation to be on the cheaper side, lower costs, value costs, do you have a surprise for monthly or annual membership? >> we are $19.99 across all states. $20 a month. we have some added things. if you want to do personal training or classes. tanning is sometimes an upgrade. sometimes it can be all-inclusive. it depends on the market we are in. >> i started working in gyms when i was 13 years old. i was picking up dirty stuff off the floor in the weight room. i have always been around a gym. i love to work out. you could work out before or after. that is exactly wh

earnings front, looking out for numbers from bristol-myers, merck, adm, coach, forest labs, mgm mirage, goodyearnd ebay. we'll also hear from twitter and dreamworks animation. >>> at&t has unveiled plans to launch its own wi-fi service on planes. we'll have the details, coming up. ♪ [ banker ] sydney needed some financial guidance so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today...and tomorrow. so let's see what we can do about that... remodel. motorcycle. [ female announcer ] some questions take more than a bank. they take a banker. make a my financial priorities appointment today. because when people , great things happen. >>> you're watching "worldwide exchange." >>> a recap of the headlines, bp's business remains strong despite the crisis notice ukraine. the firm beat expectations with its figures in the first quarter. >>> deutsche bank shares jumped, beating profit targets. no w

she had worked for years for goodyear. she had no idea she was being paid less and an anonymous tipster left her no thread now. one of the other cases were resolved recently a woman who is working as a human resources manager learned that two men who held the same position and actually had smaller caseloads earned more and partly i suspect because of her role in the corporation as a human resources person she was able as you were to piece together some information through the records. she had access on a regular basis and the particular challenge is when a work place actually prohibits people from talking about pay. it subjects them to discipline if they discussed their pay which makes it virtually impossible for a woman employee to know whether they're being paid the same as others in the work place. >> thank you. i want to move to ed montgomery because you have worn different hats. you have been in an administration that had enforcement responsibility but also in academia and you have the perspective of an economist as w

she worked at goodyear for over 20 years. after being there for two decades, she found out from one of her co-workers who anonymously passed on information about what people were making that for 20 years she was receiving less compensation for doing the exact same work that her male counterparts were doing. she had no idea about this. there was no justification for the difference. so she decided that she would do something about it, not just for herself but for those who are in the workplace should be treated fairly, so she brought action. she took this case all the way to the supreme court of the united states, and guess what the supreme court did. they said you know, lilly ledbetter, you're right, you were discriminated against, you were paid less because of your gender, but guess what? because it's been going on for so long, you don't have any remedy. now, that's absolutely ridiculous. a 5-4 decision of the supreme court. now, it cost lilly ledbetter hundreds of thousands of dollars that she lost in compensation as a resul

she had been working for years for goodyear and have no idea she was being paid less.an anonymous tipster let her know through a note. in one of the other cases recently, a woman who was working as a human resources learned that two men who held the same position come and actually had smaller caseloads than her, were earning more. partly, i suspect, because of her role in the corporation as a human resources person, she was able to piece together some information through the records her regularss to in employment. most people are not in that position. challenge is when a workplace actually prohibits people from talking about patty. -- about pay. subjects them to discipline if they discussed pay. makes it virtually impossible for an employee to know whether they are being paid the same as others in the workplace. >> thank you. montgomery.ve to ed you have worn different hats. you have been in administration and had enforcement responsibilities. you have been in academia and have the perspective of an economist as well. the issue of fair pay -- there is always so much di

to all of us in this chamber, dunkin' donuts, american airlines, neiman marcus, delta airlines, goodyear tire, even a mattress and bedding company in my hometown f lexington, kentucky, tempur-saley. yet this corporate finance is under assault from the implementation of the volcker rule which makes it impermissible for banks to retain or invest in these assets. according to the u.s. chamber of commerce, h.r. 4167 would, quote, preserve this important source of financing. that supports growth and job creeation throughout our economy. c.l.o.'s have a proven track record of success and they performed very well before, during and since the financial crisis. according to the kentucky bankers association, investment in c.l.o.'s is a, quote, conservative addition to an existing and balanced investment unapproach, unquote, and a, quote, thoughtful solution to the equity problem, unquote that banks face. the default rate on c.l.o.'s has been less than one-half of 1%. despite the proven track record, despite the critical source of funding for growing u.s. company the volcker rule regulators require

she worked as a supervisor as a goodyear plant in baalabama. she lost $200,000 in pay over the course of her career due to gender discrimination. she was making significantly less than her male co-workers with the same job. she didn't even know she was being discriminated against, though, until she received an anonymous tip because company policy banned the sharing of salary information. the paycheck fairness act is a bill that rosa delora has introduced to everyone since 1997, but they made the bill and the broader issue of pay equity a major point of emphasis. here's a hint. it has to do with politics, because this is an issue that democrats believe or at least hope will grab the attention of a key part of their base in a midterm election that right now isn't shaping up all that well for them. president obama signed two executive orders on tuesday to increase pay by transparency among federal contractors. >> i think about my single mom working hard, going to school, trying to raise two kids, all at the same time. and i think about my grandmot

goodyear tire fell four cents shy of estimates for first quarter profit of 56 cents a share.ing bad weather as impacting the bottom line. and we are celebrating our 25th anniversary. cnb created a list of the 25 most influential business people in the last quarter century. they were tell their stories reported by tyler mathisen. >> here i am. the father of indian i.t. who transformed the business of outsourcing. he's number 13 on cnbc's first 25. >> highs been called the father of indian i.t. or the outsourcer. # the executive chairman and one of the founders of infosys has transformed the way companies do business around the world. >> through infosys he showed india could compete on the world stage by billioning the outsourcing capital. by taking on work that rich countries had previously done, becoming a huge employer for the indian people. >> with revenues of $8 billion and market value nearly four times that provides business consulting, technology and engineering services in more than 30 companies. but by far the most controversial is outsourcing. contracting work to thi

. >> i'm just the tip of the iceberg because after working 19 years for goodyear tire and rubber, a majorwas all of my overtime and how much my family had done without simply because i had not been paid what i had legally earned under the law. and the other devastating part of this, it goes on for the rest of your life. i've been in retirement years now for quite some time, and i became that other statistic in this country. i'm a widow, outliving my spouse, probably averaging ten years, and my income dropped more than 50%. >> amanda, why don't you tell your story because it is also a very similar story of not being paid equally. >> there was no excuse. there was no justification for why i was not paid equally to a man. the only justification and the only reason was because i was a woman. i was told that people wouldn't want to do business with me because i was a woman. i was told that i wouldn't be a very good mother if i was out on the road making a sales call and my daughter happened to fall off the monkey bars and i was three hours away. i filed a complaint with the eeoc while i was st

stories like kerry's before and one of those was that of lilly ledbetter's who worked hard at a goodyear tire plant discriminated against nearly 20 years, did not realize again, she was being paid less. just like kerry she will never get the social security benefits she would have earned if she hadn't been paid less. for just being a woman. the law that bears her name, the lily ledbetter fair pay act was a huge step in the right direction, but today more than 50 years after we passed the equal pay act -- imagine 50 years ago we thought we dealt with this, the equal pay act. and five years after we passed the lily ledbetter pay fair act we still have work to do to make sure women are actually receiving equal pay for equal work. it was a great day when the lilly ledbetter fair pay act became the very first bill president barack obama signed inta into law after he took office and i want to thank the president for today signing two executive orders that will help protect the employees of federal contractors from pay discrimination. as the president has said, he doesn't want his daughters or