emily greenberg is a senior from westport, connecticut, at staples high school. and this young lady does something that i wish i could do. you do the new york times crossword puzzle almost on a daily basis. i do. i can usually manage monday through wednesday or thursday on my own, and i'll usually do friday through the weekend together with my dad. i grew up watching him do the puzzles and then started helping once i got old enough. terrific. good. barrett block is a senior from lexington, kentucky. and he has worked at his father's jewelry store for how many years? oh, about 3, sir. since i was 14. now, and you've already designed your own line of jewelry? yes, sir, i have. this year, my senior year, we were given a 200-hour mentoring project. and i decided to become the apprentice to my father's jeweler. and in the past year, i've worked on designing jewelry. what kind of jewelry? oh, bridal jewelry. oh. yes, sir. the crown collection. uh-oh. the crown collection. all right. yes, sir. he's very proud of that, too, and he should be. okay. you have command of the

let's bring in herb greenberg. what do you think of krispy kreme?other than the fact they do not return my phone calls or receive my e-mails. i think it goes back to some history, the company's turnaround is pretty impressive. the company's ceo was only money a while back and making a very strong case for the stock and the operating margins look very strong. this analyst is saying the turnaround is just beginning. and you'll want to watching the earnings and the quality of the earnings as they open up the stores and see if they can get beyond what happened the last time around when krispy kreme doughnuts became too available, so available. >> did you just see that chart a moment ago? let's bring it back. >> that's the stock. >> one-year up chart, up 264%, talk about a turnaround. >> turnaround of a stock. you do have these big sales rebounds, big earnings rebounds, and i think that's what you're going to watch and big margins, fat margins right now. >> since brian is out why don't you take a look at your gold miner etf and i have no idea who is winn

one wall street firm down grades the hottest stock on the street today and greenberg is all charged up over it. he will take on the traders just ahead. first our top story countdown to the taper, september is just around the corner and fed is going to pull back on its bond buying this week. could go a long way towards making the central bank pace from retail to housing to inflation to jobs, all of it in focus as the possible pullback gets closer by the day. how do you trade it? with us for the hour, steven weiss, stephanie link, josh brown. >> i don't think you trade it. >> sit on your hands? see if it happens? >> here is what i would say to you. it is very clear that the market's tenor changed a bit. last week approximate in the first week in the last eight weeks we have seen the nasdaq, the dow and the s&p all negative together. my message is that's just fine. there is absolutely nothing wrong with that given the pace we have seen this year of multiple expansion and price. you could expect tremors in the market and clearly this is going to cause people to rethink a lot of the areas t

>> and herb greenberg with the street. i'm sorry. i'm not used to saying our very own -- >> speaking of velvet pajamas. herb greenberg. >> below his waist where we can't see it. skyping in with his velvet pajam pajamas. adam, start with best buy. how is it a big old-fashioned bricks and mortar store like best buy has managed to beat a amazon in terms of performance this year? >> that's the big news of the day i think to me because who would have thought that this company, best buy, was almost left to die, beat amazon by 170% in stock appreciation for the year so far. they did it in two ways. they were creative and put stores inside of stores. they're almost making a little mini mall inside their stores which is very creative i think. >> they have big names like samsung and microsoft inside best buy. >> jcpenney did that, too. >> and they have apple which is a really -- you can go there. the one thing they provide that amazon does not provide is instant, instant, instant. i can get an iphone or galaxy 3 or windows tablet, maybe, right

david greenberg is the head of greenberg capital and a former nymex member. mr. greenberg, how is this affecting your business, if at all? >> there is no reason to panic. there is no news out besides the fact that you can't get orders in that will really cause people to get worried at this point. they're going to sit back, they're going to wait for the exchange to get back up, and then they'll start trading again. >> so has it affected you at all, or are you just sitting there waiting as we all are to see what happens next and how and when they roll the open? >> well, exactly. you know, there's not much you can do, but at this point, like your guest said before, people are getting used to this. it's not like the market is going down t2, 3, 400 points. there's news out and people can't get out. it's a relatively slow day. it's not the major deal it used to be. however, it is annoying and it really goes back to the issue i've talked about often. when news does come out and this happens, what then? >> what does this do to confidence in the investment community, conf

peter greenberg.d we hope it stays in vegas. >> it will. >> all right. >>> it is one of the biggest shows anywhere in the universe tonight. the best chance to see it this year. we'll show you the perseid meteor shower. that's next. >>> kentucky senator rand paul is here in studio 57. he'll talk about his book on government bullying plus 2016 and more. rand paul tomorrow on "cbs this morning." when it comes to getting my family to eat breakfast i need all the help i can get. that's why i like nutella. mom, what's the capital of west virginia? charleston. nutella is a delicious hazelnut spread my whole family loves. mom, have you seen my -- backpack? nutella goes great on whole-wheat toast or whole-grain waffles. and its great taste comes from a unique combination of simple ingredients like hazelnuts, skim milk and a hint of cocoa. yeah, bye. have you seen my -- yes. and...thank you. [ male announcer ] nutella. breakfast never tasted this good. almay liquid lip balm. it's revolutionary. almay's first ev

, sorry, and i am not going to touch the stock that herb greenberg thinks could be difficult.r me. >> hi, jim. eli from new york. i want to get your opinion on avenir pharmaceuticals and their increasing sales. >> i've got to do work on it. i'm sorry. >> i'm natalie from new york and i'm interested in regeneral. >> it's been a great stock for the year and didn't finish well on the quarter, but that said, two drugs in the pipe that i think are gigantic and terrific. i think that stock can go up substantially for the rest of the year. >> hey, jim. i've been waiting a long time to say this. boo-yah. >> thank you. thank you very much. >> you got me interested in the natural gas plays. and i've been very pleased in cheniere and chart. >> chart has been amazing. >> but what's wrong with westport? >> okay, westport, the problem here is that people keep thinking that westport is going to be competing with cummins. right now, they're partners. westport is a spec. i do prefer cummins even though they didn't mention the natural gas engine, but west port is in danger, i believe the compan

i never go against a greenberg red flag and today -- in this one is no different. salesforce.com is the eighth best performer and we know from the ceo's multiple appearances on the show that the 1,341% gain the fact that crm has pioneered using social, mobile and cloud technologies to become the premier software company of our era at a time when all areas are innovating. i do not think things have changed. the last stock that's beaten google's 900% gain is capital oil and gas which has rallied. it's been the most prolific producer from the largely pennsylvania-dominated field and a low cost producer of the fuel. it's been able to beat estimates routinely as natural gas has gone down over the years. consider cabot an innovator, more success than any other resources company during the period since google came public. so here's the bottom line, yes, indeed, we have to wish google a happy ipo birthday and thank it for our many, many happy returns. but the real take away is that there are actually stocks that have beaten this remarkable company's 900% gain in that perio

. >> let's bring in david greenberg. he's the founder and president of greenberg capital.ke on the events of the day? >> i can't tell you how many times we were in this situation. we had a data problem, the systems went down and you always survived the next day. the real question is that worries us as traders, this is just a reminder of how vulnerable the exchanges are. we wonder are the exchanges since they're for profit organizations able to put money into their systems to protect the systems when their competitors, countries and companies who want to go against them have more money than they do. that's a real question and a big concern. >> how is this any different than in the 1980s at&ts phone lines going down. they didn't put enough money into infrastructure and you can't conduct your business. >> at&t made the choice to put the money in to make sure that never happened again. the one problem now, when at&t had that problem, he didn't have a lot of competitors going after them like they do the nasdaq. >> isn't that what capitalism is all about? >> yes. the question is

david greenberg, andy lipow thanks for joining juice two of the smartest on this issue.nks guys. >>> president obama is a few weeks away from choosing the next fed chairman. this is bigger than who shot j.r., i'm telling you. who will replace ben bernanke? we have latest exclusive reporting from our peter barnes in washington. he has been at the forefront of the decisions and discussion which direction the president might be leaning. ashley: has to be what, 30 years ago, now. seems like yesterday. we'll be speaking with a ledge edge dairy investor who literally made billions putting money into distressed companies. we're talking about wilbur ross. he will be here to share his very latest investing ideas with us in just a few minutes. don't go away. ♪ [ male announcer ] this is the age of knowing what you're made o why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pai it may cause an unsafe drop in blood pressure. side effects include headache, flus

herb greenberg, thank you very much. >> all right. have you heard about this next story?evable. >> on deck, dan loeb over here and george clooney over there and maybe a perfect storm of controversy. kids these days, wait until you hear this exclusive study that we've got on how often the millennials are changing jobs and how much it actually costs companies every time they do. i say get off my lawn! but first tell us what's coming up on the "closing bell," bill griffith. >> mr. sullivan, stay away from his house. linkedin shares up big today. that stock up more than 100% just this year. we'll hear from somebody who says it's time to get out of linkedin and we'll talk about why. also, is anemic growth in this country the new normal? we'll hear of the trio of top economists and we'll get their outlooks and brazil's rich et man has lost $30 billion in just the year and a half and we'll see how he can perhaps get this lost fortune back again, if ever. maria and i look forward to seeing you for the very important last hour of the "closing bell." "street signs" is back after th

you of all people should know that, herb greenberg. from the nasdaq saying the full open will be resuming at 3:25 p.m. eastern now. herb, i want to get your thoughts on this. i'm trying to throw this out there because we mentioned the ceo bob grasso received a pay raise last year, signed a new contract in 2012. do you think his tenure is going to be, let's just say, in question in light of all this? >> you would have thought that after the facebook fiasco and it wasn't. >> that was the first black eye. this is another black eye. >> but this is sort of -- appears to be a very bureaucratic organization, and while it is public -- look, i don't know. i would hope the board of directors right now each one of them is picking up the phone and calling and trying to raise a little bit of hell. >> he did get facebook. so it was a blunder, but he did bring it to the nasdaq, so i guess there's that. 3:25, mandy, i think you said is the new time? >> 3:25 is the new time for the resumption. >> and i think everybody agrees that this is something that

herb greenberg is not impressed though. he's here to discuss it. you've nailed intuitive surgical.actly nailed this one. >> well, friends like you. >> welcome back. >> thank you, thank you. >> good to see you, herb. >> actually, i nailed this one going back before it blew up the last time around and then it came back. nobody expected a company that basically said our hypergrowth is over to not just come back but see the stock melt up the way this has. you have a new ceo, people are impressed. howard schultz of starbucks makes it very clear he likes the new ceo. >> he's had glowing comments about green mountain when he was last on cnbc. >> yeah. >> ten days ago. >> he made it clear because of the new ceo and the new relationship he has. and i think that's important. but last quarter they pulled this starbucks deal right ou at the same time which sort of obfuscated a very low quality big beat that would have perhaps gotten the street going one way or the other. now we have interesting information over the past few weeks. otr global is a channel check firm. they have come out two time

let's bring in herb greenberg as well on this issue and joining us on the cnbc "newsline" is mary gilbert from imperial capital, an underperform and an $8 price target and i believe you've cut that price target to $8 from $10 recently. what do you make of what's going on? >> well, first of all, with regard to this major shareholder and board member, we think it's distracting. it doesn't allow management to focus on what they need to do, and that's execute a stabilization and eventual turnaround of the business. >> do you believe in that stabilization? do you think it's going to happen, because when you look at, for example, the credit default swaps on jcp they are widening. the market feels like maybe there's a greater chance of a default. >> that's correct, and actually we think a lot of this is getting overdone at this point. there's a lot of focus on the second quarter which the company is due to report on august 20th, but we already have insight into the quarter. they indicated that the cash ended the quarter at 1.5 billion so that implies that the cash burn was 1.1 billion. however,

peter greenberg has a new detailed report on crime figures never before made public. >>> and the introduction. that's the "cbs morning news" for this friday morning. i'm anne-marie green. have a great day. anne-marie green. anne-marie green. have a great day. -- captions by vitac -- www.vitac.com and i'm michelle griego. tis >> your realtime captioner: linda marie macdonald. >> good morning, what day is it, michelle? >> friday. >> super friday! august 2. >> hi, everyone. i'm frank mallicoat. >> i'm michelle griego. time now 4:29. super friday. >> great day around the bay area. lots of sunshine around the area. still patchy fog fog temperatures mainly in the 50s. the forecast is coming up. >> "friday light" at the bay bridge. no big issues even though we have upper deck roadwork still out there and lower deck. we'll tell you when it's scheduled to wrap up coming up. >> 7 cars. >> that's about it. >> thank you. >>> bart workers issued a warning at a rally in oakland. they could go on strike monday. christin ayers says union members from across the bay area marched with bart workers in oakland.

and i whispered in the ear of my good friend herb greenberg, and i said, you're a smart guy, what are you focusing on? he said, considering that earnings season is winding down, right, and there's not a whole lot of capitalists in terms of really important economic data and obviously with earnings winding down, we need some kind of positive catalyst to propel us beyond where we're sitting right now. he was saying this is an important week, because it's a lot of the battleground stocks. we've had a number of the earnings this afternoon, right, maria, like groupon, green mountain is another, you know, dmz -- it's another big battleground stock, tesla another big battleground and the earnings are important to watch with the stocks, because obviously, with big moves and a number of the stocks have had, they have to be able to put the statistics and the performance behind the run-up in those stocks to be able to justify it. so i think that's something that people should be watching this week. and going beyond there, you know what, as i said, it's pretty quiet. we've got a bit of a summer t

greenberg says it was illegal. they could have gone to other measures.some point. the question is when. the fact that it has not been scheduled. the rubber stamp, we do not have. cheryl: this is bernanke. charlie: right. he will be deposed at some point. what are the chances of that? you cannot not do it at all. the question is, does he do it as fed chairman? does he get in into room one? bernanke is not happy. it is not on the judges calendar. >> exclusive reporting. thank you very much for joining us. we will take a quick rate. a couple things are coming. crossing a continent and 45 minutes. elon musk wants to revolutionize transportation once again. shoulder pads. i hated those. the retailers that stand to benefit the most. lori is coming up next. ♪ peace of mind is important when you're running a successful business. so we provide it services you can rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multlayered security solutions keep your information safe, and secure.

we're joined by jan niffin and our very own courtney reagan and herb greenberg here to weigh in. what do you say? can they bring those customers back? >> penniee's did a lot wrong. fired their customer, pretty bad customer service. didn't focus online, that's a bad idea and didn't do any localization of the business. macy's did all of those and penney's didn't do any and is there any surprise their business wasn't good? can they bring them back? you bring them promotion and products you want. you bring back st. john's bay and basics and bring back what you need to do to the customer and marketing will get better and customers will come back. customers like shopping. customers like shopping where they are comfortable. customers like shopping where they understand the business. they have got to do a couple of things, all those things i said and got to have a strong online press, and they don't have that. >> look at macy's, sort of like the role model in all of this. >> macy's is a role model for doing department stores as well as it's ever been done. the fact that they localized th

." >> reporter: davidson's civil rights photographs are being shown this summer at the howard greenbergallery in new york. at 79, he's now one of the country's most acclaimed photographers. in the '60s he was earning his living on fashion shoots. you haded a contract with "vogue". >> yeah. >> reporter: but he gave it up to cover the civil rights movement. >> i needed to feel that what i was doing was worth it. >> reporter: davidson spent four years in the south. >> i don't shoot and run. i very often go back to my subjects. >> reporter: he wanted to get close, but not too close. >> i stayed away from meeting dr. king. every photographer in the world wanted to be his best friend. >> reporter: why did you stay away from him? >> i wanted to see who he really was and what was happening to him? >> reporter: how many pictures did you take in the south? >> probably 5,000. >> reporter: his pictures gave people a new understanding of what was happening. they were a revelation even to him. so you changed down there. >> i changed, yeah. definitely. >> reporter: and bruce davidson's photographs wou

>> karen greenberg as director of th the national security and school of law.hank you for your time. >>> as many as 2,000 people are thought to be held in prison camps and torture is common in these camps. we have testimonies of former detainees. here is our story. >> reporter: north korea defectors accounted their experience in one of the most repressive regimes in the world. there are no known pictures of what happens in these camps, but these draws based on inmates testimony prid provide a sketchy window into that world. this man said that excus executs were normal and he feared he would be next. another man was tortured being accused of being a spy. >> i was tortured in various ways but the most painful was when my hands were handcuffed to my back. i could not sit or stand. i was left for three or four days. that was the most painful torture. >> reporter: both men were held in labor camp 16. is lie 100 kilometers northeast of pyongyang. surrounded by mountain ranges. human rights activist have documented treatment going on in political camps thought to hold

cbs news travel editor peter greenberg is in babylon, new york, that's east of new york city., good morning to you. >> good morning, gayle. it's not a question of whether they should have had insurance, it's the type of insurance they had. they bought the insurance from the travel provider, royal caribbean. they do provide basic care. if you look at what happened there, they per forred to the letter of the language. they stabilized the patient, took him to the nearest medical facility. that's the key issue here. do you buy the insurance from the travel provider? i would suggest that you don't. you want to go to a third party provider that doesn't necessarily have the language in their policy that the cruise lines have in theirs. >> so how could this have been avoided, peter? do you get your own insurance? >> you do. you buy third party plan from any travel agent who can sell it to you. there's the trip cancellation interruption policy which what happened if the cruise cancels before you go or somebody gets sick, a death, whatever. the key one to have is medical evacuation and

that case stems from a loss against the government by former aig had hank greenberg.has not been set, but he will be granted more time. and we're talking about a major, possibly historic announcement from tesla creator and founder. it would be about futuristic travel. that is ahead of the big reveal, shares have been full and $0.60 after an article suggested double trouble for the stock and also detailed longer-term troubles. but year to date this stock has been on a huge run. 326%, just year to date. it was months and months ago our own charles payne said it was a buy at $55. have to listen to charles payne. down 34%. over the weekend, the board met with the hedge fund integer who last week mary loudly demanded the ouster of the retailer interim ceo, jcpenney of course, and not going down without a fight, both sides fighting hard but others watching with maybe a little bit of a twitter smile as their nemesis smiles. adam. adam: can the sharks are little bit of blood in the water on this one? calling for him to be replaced. we know how well that worked out. it is up s

travel editor peter greenberg tells you what's not being revealed. >>> he may want to move on from the sexting scandals but guess who doesn't. >> not this self-pleasuring freak. >> at night i certainly will not be taking pictures of myself. >> see how weiner is responding. >> the news is back this morning on "cbs this morning." stay tuned for your local news. >> announcer: this portion of "cbs this morning" sponsored by sargento ultra thin slices. taste the real difference. hershey's s'mores. pure chocola that brings people together. when the chocolate is hershey's life is delicious. discover card. cashback concierge, here. what is a cashback concierge? well there's lots of ways you can get cash back. i'm here to help you get the most out of your cash rewards. it's personalized, and it's free. i want that. we have a concierge! at discover, we treat you like you'd treat you. get the it card with cashback concierge. victory is getting triple the love... for shopping that took half the time. converse, skechers, nike, and more at famous footwear. victory is yours. what you wear to bed is y

let's go to travel editor peter greenberg.uggested the ozzy osbourne one. >> let's talk about your first trip that goes from adirondacks. >> it's great trip along the hudson valley. it just hugs the coast there. only 72 bucks and it goes up -- once you get to albany it goes another 380 miles to montreal. about 11 hours. most folks take it from albany back to new york. >> colorado, the durango and silverton railroads. >> it was started to haul goal and silver. 25 miles. 26 from october to may. it's great day trip. >> rocky mountain near goes from views, great food, now, it's day trip but you know what? you don't sleep on this train but it includes a want to move to the glacier express in switzerland? >> let me tell you, there's nothing fast about this glacier express. 91 bridges and tunnels, 291 turns. it takes about eight hours but it gets up to about 9,000 feet. you're not going fast but it's another freight day trip. >> you have good ones but i feel like you've saved the best for last. south africa. >> this is called robos r

joining me now for analysis, paul carroll, a partner at the devil's advocate group, martin greenberg,ounder and ceo of under 11 and the senior editor at of things drizzle. well, where to begin. let's start with you. i am not sure how we interpret this. a total disaster for a guy you manage to retain a 90 percent monopoly in microsoft's original business despite huge changes. >> i fall on the side of saying that microsoft fail to innovate when the time came. when the ballmer era began it was basically what began as the most valuable company in the world, as you said in a set up. basically fallen to an era of malaise. gerri: let's look at one chart. microsoft. the s&p 500. basically 23 years of going down , down, down whereas the s&p 500 went up a bit. in fact and we have figures. while microsoft fell 42%, nasdaq fell 6%. two big crashes. s&p 500 rose 15%. by definition, is a polymer of failure? >> he struck out. they're for 12 years. to slow, to copycat like. jeff is on the cover of fast company this week. if there was a publication called slow company will feature it steve. dennis: yo

cbs news travel editor peter greenberg has the story of this expansion. >> reporter: it is one of theprojects the world has ever seen. it's all about dollars and size, but in this case, bigger may be better. the panama canal has been called a wonder of the modern world. using a system of locks built 99 years ago, the 48-mile canal shortened the trip between new york and san francisco by 8,000 nautical miles, forever changing the way goods crisscrossed the globe. in 1914 when they opened the panama canal, linking the atlantic with the pacific ocean, it was an engineering marvel unmatched in the history of the world. now, nearly 100 years later, they're about to do it again, only this time much, much bigger. the only way to get a sense of how really big this is, is from above. the 5.25 billion dollar expansion can be clearly seen not far from the original canal. it massive project includes the drenling of miles of ocean floor. a four-mile bypass channel is being built, along with new locking systems that will raise and lower some of the largest ships on the planet. luis herrera, an engi

joining us now stephen yackman and walter triprich et and walt gre gre greenberg. steve, how do you feel about the announcement today? >> we are excited. it is long overdue. we are skeptical, he has been ceo for the last 13 years and that over, time falls to the board level. we think there needs to be a change there as well. >> do you think they are bomber boys? >> anybody that would leave things the way they are for 13 years, they are obviously the decision making skills you need to question. >> maybe, i'll take the other side, is he being too hard, are we being too tough on steve balancem ballmer? >> we look at windows 8 and the ent ent enterprize side of the business has done very well. >> you have servers and you have obviously your word and excell and those sides of the business are doing well. >> revenue has grown by $20 billion a year over the last five years. $20 billion. that is not chump change. we own the stock. we agree but looking at the company as a whole and looking to what the opportunity that was there we think it could have done better. i want to

herb greenberg and cnbc contributor stephanie link.t seller of anti-aging products. >> this is a heck of a story. a company came out today, had guidance that seemed a big guidance. 173 is what they said. they said my head is spinning over this guidance. the company, there's a little h hum-na-na on the call. this is a corrected release. they said, there was a typographical error. i got to tell you, 163 to 170 down to 140 is a heck of a typographical error. today if you take a look at it, it was a heck of a move. >> but amazing, amazing growth rates. 18% in north america and the america's 244% growth in main land china. operating margins better than expected. >> assuming you believe the model. underneath it there are issues. >> understood. >> talk to me about meacham. >> up 22 years to date, and this is on top of yesterday's. i think you'll have good residential construction numbers, auto, aerospace all in their favor, probably offset by non-commercial construction. any kind of synergiesynergies, becomes the key because it's a much less

herb greenberg, probably owns multiple teslas and andrea james.rea, we're going to talk about three stocks you recover all reporting earnings this week. let us begin with tesla. you've got a buy rating on it, our viewers who have seen you on the program know you're pretty bullish on the newspaper, down 4.5% going into earnings. what can we read into that, if anything? >> people might be a little bit concerned about, you know, sort of the gap revenue accounting optics just because tesla will be deferring so much revenue. but, really, what you would read into it is that there's probably profit-taking after a really nice run. >> i'm really interesteded in about tesla goes from here. obviously, done extremely well so far this year and its earnings will have to do pretty good to back that performance up, so in terms of its growth will it come domestically or with other opportunities like, for example, china? >> that's a great question. you know, china as elan musk has said is a bit of a wild card. ultimately tesla expects a third of their demand to com

. >> well, i was speaking with herb greenberg the other day and we were saying you know, now they'rewalmart what's left. we're looking for a brand new place for them to put their machines in. i think they're well covered. i do not see a catalyst for that one to go up. i do not think it is a buy here. and if it goes down, it'll be because somebody's sales slipped. i am going to put a -- >> don't buy, don't buy -- >> -- on sodastream. i did like it for a long time. i do not condone drinking while running, but this beer market is buzzing for sure. and i've got to tell you something, i'm going with the cement heads, i'm going with bud. don't move, the "lightning round" is next. [ male announcer ] come to the lexus golden opportunity sales event and choose from one of five lexus hybrids that's right for you, including the lexus es and ct hybrids. ♪ this is the pursuit of perfection. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time

joining me live is the author of the report, jessica silver greenberg. thank you for your time. launching off, people know to rent an apartment, to buy a place, you go through a credit report. not a lot of people realize the same thing with banks. >> i think very few people realize you have to qualify for a checking or savings account. >> and this is not to get a loan. this is to put your money in the bank. >> exactly. it's to get a basic -- it's basic access to the mainstream financial system. that's what you're applying for. >> this database was created 20 years ago. what was the point in accumulating this information on how many bounced checks and overdrafts people had gone through? >> so when they started -- and it was more than i guess two decades ago when these started. they were meant as more registry of bounced checks for people that had willfully committed fraud. so it was a tool for banks to try to root out anyone who wor trying to defraud them. they've since evolved, though. >> you have talked with a number of people who have gone in and discovered that they can't ope

bob pisani and kate kell and herb greenberg and possible binsy as well. thanks for joining us. to what degree do you think this is going to make a difference or whether it's really just a show trial? >> that is the question, because in the end when you think of this big london whale case which many people, their eyes will just glaze over, how does it affect me, and i don't know that you know other than they are really going out and they are really taking down some people, but beyond that, does it affect the trading of stocks? no, i actually don't think it does. what about you, jim? >> not this case. >> i think there's historically people involved with these kinds of particular dense instruments who have tried to get away with things in order to be able to influence their bonus. it went on tremendously during the period where cvos were in abundance. the little horse out of the barn, a little late. yeah, this is not meant to protect the person at home. it's meant to protect the institution from people who commit fraud. >> the person at home, the average joe is sitting there and w

eric green from greenberg educational group joins. so does chad oakley.hose classes necessarily? >> there's a real variety going on there. there are courses that everyone is like huh about. when you look at how college studio audience are presenting themselves we hear from recruiters and companies that's one of the big gaps. they are not presenting themselves well. theater arts, improv. something more serious, do something like a persuasive argument class, ethics. >> how to present yourself. >> you want to present yourself well. >> eric, what do you think about this list? >> as kelly mentioned it's not economics and business courses not for everybody so some people might need be flexible in terms of what they do. for example somebody could take a communications class, learn how to be speakers and adapt to a specific audience. give end that companies are hiring only younger people the skill set that come out with is part of the resume test. >> one argument is look give the kids a curriculum that's practical that will be applicable to their careers down the

bob pisani and kate kell and herb greenberg and possible binsy as well. thanks for joining

here's my fellow wisdom, listen to herb greenberg. >> thank you for listening, thanks for tuneing in,u a hug. i am not allowed to give you a cry, i am allowed to give you a hug. >> by the way, people should check out that twitter you did with me earlier. >> thank you, everybody, keep on watching the market. we track them on the downside. "closing bell" is next. >> hi, everybody, it is the final hour of the most difficult trading day on wall street today. welcome to "the closing bell," the final stretch. bill, we bought the the dow down 210 points right now. >> it was down 236 or 238, if memory serves, maria. the sell-off started pretty orderly, a few weeks ago, we were down a drift, then a leak, now some are wonder figure this could become something bigger. interest rates spiked earlier in the day. you had disappointing earnings from cisco and walmart. have you gold spikeing.

joining us from redesign mobile and herb greenberg and mandy has her own thoughts and roque, let's beginith you. this is a serious segment, sort of. what should amazon.com buy? >> they need to buy this. this is a brokered player. >> i thought it was an apple tv. >> kind of like an apple tv. >> costs about $50 and they go up to $100. lets you watch netflix and amazon video and hbo and time warner cable. >> i assume you're suggesting they should purchase the company and not the one device to put in their lunchroom. ell a few of these devices. which would cost them three or four "washington post"s but it would be a great buy. television is one of the markets that hasn't been disrupted as much as it can be by technology. this would put them in a great position. apple has apple tv and google with chromecast. this would be the kindle of tv for them? >> what's the catch? there is no real catch with this one. you've got content providers that maybe makes amazon more competitive. i think they have their own studio arm and this would give them a outlet of distribution for amazon studio. >> an esta

to herb greenberg. >> thank you for listening, thanks for tuneing in, brian. i will give you a hug. i am not allowed to give you a cry, i am allowed to give you a hug. >> by the way, people should check out that twitter you did with me earlier. >> thank you, everybody, keep on watching the market. we track them on the downside. "closing bell" is next. >> hi, everybody, it is the final hour of the most difficult trading day on wall street today. welcome to "the closing bell," the final stretch. bill, we bought the the dow down 210 points right now. >> it was down 236 or 238, if memory serves, maria. the sell-off started pretty orderly, a few weeks ago, we were down a drift, then a leak, now some are wonder figure this could become something bigger. interest rates spiked earlier in the day. you had disappointing earnings from cisco and walmart. have you gold spikeing. you have the vick's spikeing today, all those typical things that usually happen when the stockmarket starts to sell sell off whachl i am struck by is you are starting to see what you would call a normal kind of reaction

. >> well, i was speaking with herb greenberg the other day and we were saying you know, now they'relmart what's left. we're looking for a brand new place for them to put their machines in. i think they're well covered. i do not see a catalyst for that one to go up. i do not think it is a buy here. and if it goes down, it'll be because somebody's sales slipped. i am going to put a -- >> don't buy, don't buy -- >> -- on sodastream. i did like it for a long time. i do not condone drinking while running, but this beer market is buzzing for sure. and i've got to tell you something, i'm going with the cement heads, i'm going with bud. don't move, the "lightning round" is next. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronge

steve greenberg sat irized big bad john with big bruce where he relentlessly mocks a fictional male hairdresser and his death. ♪ well, the flames grew higher ♪ heard bruce cry i forgot my purse ♪ ♪ a squeal and a shout ♪ waited an hour but he never came out ♪ >> john: funny songs for fun-loving christian. garth brooks promoted gay rights with his song we shall be free but there are other country stars who have said ugly things they had to apologize for and other stars who have been forced to stay in the closet for fear of a backlash. that made chely wright's decision on may 4, 2010 to come out of the closet all the more heroic. she had a massive hit single with single white female. her decision made a world of difference. not just to country fans. we're pleased to welcome the chart topping academy of country music award singer who has been cool enough to make people's 50 most beautiful people issue just edging me out, welcome back chely wright. >> thank you. i had never heard of those records before that you just played. >> john: pretty shocking stuff. >> pretty shocking. i consider myself quit

. >> rose: peter greenberg is always asking this so i'm asking you his question it's consolidation.g about the american-u.s.airconsolidation that you have questions about? >> no, not really. i think consolidation is really good. we had way too many business plans chasing way too few passengers and that has been a problem. and consolidation has brought some stability and some profitability to this business which is sorely needed. >> rose: peter also argues this-- it eliminates fare competition. >> this is a-- this is a brutally competitive. business this is a very tough business. >> rose: if i shop around at four airlines going to the same destination, same class, i'll find remarkably different prices? >> you can depending on the day of week, and all sort of-- because airline pricing is very complex. this is a tough and competitive business, and airfares today as you know are still on a real base, not inflation adjusted, are still less expensive than they were 10, 15, 20 years ago. air travel today remains a bargain and you can go from point "a" to point "b" in complete safety. it's

marcus lemonis is the president of camping world and stacy which had litz a cn-- widlitz and her greenberg is here. he's calling it a win walking off the battlefield declaring victory here. i made the case last week that maybe what ackman was doing is precisely what jc penney needed. they needed a disrupter. he was loud. he was brash. he was impolite. did he do the right thing, herb? >> it could be argued whether his methods were correct but i think a lot of companies need disrupters, whether someone like marcus who will come in, big company, a lot of people don't want to see someone come in and disrupt their plans, but that's what activists do. can you argue they are healthy for the market, and in many cases as kate kelly pointed out in a study that she pointed to tends to result in higher stock prices. >> from what you can see and from what mr. ackman alleged from the response of this board, do you think that that board was functioning properly or dysfunctional? >> i don't, and i said it this morning. i'm getting frustrated with hearing how the board is running the business. who is run t