of i.b.m. had only recently stated that they expected sales to be double digit growth so he was unable on this conference call with investors even explain what had happened but of course he's not going to publicly state it's the n.s.a. spying on our competitors which have destroyed our market in china first of all i think you know bobbie i'm currently a woman and this is setting up a situation where i.b.m. will need a bailout so we go from banks needing all kinds of bailout to corporations dating bailouts i.b.m. in the biggest will need oh we need a huge bill of these companies to pay for by massive amounts of debt oh seventeen joint joint forty seven trillion how about the monthly quantitative easing going from eighty five billion two hundred billion into billion worth of stuff it won't stop at all because a ponzi scheme get wider and wider and wider pyramid scheme means a base of the pyramids of bigger and bigger and bigger crashes the american people are going to wake up one day and so my go

and i say revelations kill i.b.m. hardware sales in china wednesday evening it was i.b.m.'s turn to confess that its hardware sales in china had simply collapsed every word was colored by edward snowden's revelation about the n.s.a. is hand in glove collaboration with american tech companies from start ups to massive ons like i.b.m. well this is interesting because it shows the commercial impact of the spying scandal ultimately the idea that spying is making people more secure is going to backfire because comparatively america is crashing and won't have any money at all to buy even a slingshot much less a cruise missile because no foreign government will do business with them and china of course has trillions of dollars in reserves and like warren buffet brought bought into i.b.m. at the high one seventy's he had a nice run now it's back to what he paid for he famously says really buys things that he understands they weren't going to stand corporate espionage. because report later on military one of the most one of the world's most headline grabbing prisoners guantanamo bay

i.b.m. and microsoft round out the top five. >> i see a random new version of coke coming out very soon. >> don't mess with my coke, right? >> the original coke. the only way we do it at our house. >> don't mess with my diet coke. i start to twitch if i don't get one of those a day. >> they're going to come out with a new camera on the diet coke at work. >> it's on the bottom. if you surf, it will be right there. >>> an afghan boy being brought to the u.s. after being born with a birth defect is now headed home. >> if you're headed to work today, you can definitely enjoy the weather. it's going to be spectacular outside. howard's fir all the chicken in your grocery store is inspected by the usda... but perdue asked them to go further. they verify that all our chickens are cared for in a clean, safe environment... and fed an all-veggie diet. no other chicken company does this. but at perdue, we believe in a better chicken. well, at perdue, we say you are what you eat...eats. so we feed our ch

. >> he would roll in a roll of butcher paper into his i.b.m. and it was a physical action for him. he would perspire he was typing to quickly. when he was done he would tear it off with a t square, endt off to the publisher, start the next story. he wrote dianetics in a month. you know, that's a remarkable book. for me, kind of unreadable. a lot of people found something in it. >> someone is reading it, somebody is -- >> it was an international -- >> how many copies of dianetics sold last count. >> more than 2 or 3 million. but it stayed atop the new york times best seller list for -- for a long time. just as i hope to do. >> yes. [laughter]. >> only a few more, larry. can you distill -- so hard to do, but can you distill the philosophical basis for scientology in a few sentences? is there any way to say this is what it is, finally. >> sure. in scientology you believe that you are a thetan,ing immortal soul. there are ways of demonstrating this. if you were to be approached by a scientologist and they would say evan, what is ruining your life? and you might say it's my relationship

main business that is now and it is a should be the same thing in general electric same thing with i.b.m. same thing with most corporate america they've been hollowed out by financialization and now you have deflation and the result is implosion and shuffling paper rather than producing goods we need this is this this is not being discussed the financial media ignores the making of suffering paper and hollowing out economy and ignoring manufacturing let's talk about george osborne the chancellor of the exchequer here in the united kingdom he's got a new scheme called help to buy which is meant to encourage homeowners and home buyers to buy homes at inflated prices using state money. and what many call a ponzi scheme so once again voters are happy with this in the short term because they have that price bump on the speculation but isn't that essentially a prime example of the substituting a policy to encourage manufacturing jobs and growth with one of just paper shuffling that's right and we see here is the real estate bubble number two we have a listed bubble number one this is exceeding

the main business is now and it is a should be the same thing as general electric same thing with i.b.m. same thing with most corporate america they've been hollowed out by financialization and now you have deflation and the result is implosion and shuffling paper rather than producing goods we need this is this this is not being discussed the financial media ignores the making of suffering paper and hollowing out economy and ignoring manufacturing let's talk about george osborne the chancellor of the exchequer here in the united kingdom he's got a new scheme called help to buy which is meant to encourage homeowners and home buyers to buy homes at inflated prices using state money. and what many call a ponzi scheme so once again voters are happy with this in the short term because they have that price bump on the speculation but isn't that essentially and the prime example of the substituting a policy to encourage manufacturing jobs and growth with one of just paper shuffling that's right and we see here is real estate bubble number two we had a listed bubble number one this is exceedin

they're going to be traded for i.b.m. than boeing's but also for the title to the u.s. stocks and u.s. land and so forth and there are going to be trillions more dollars floating inside the u.s. which is going to aggravate the inflation situation that's another form of debt so that was also very different and in those days the u.s. dollar was literally is good as gold up until the one nine hundred thirty three in theory at least you could take a twenty dollar bill to a bank they'd give you a twenty dollar gold piece at limited the amount of dollars the u.s. could print up and actually the amount of debt that to be created through the fractional reserve banking system so we're on a very shaky foundation that this point what can the average american do to protect against what you see for the future and to diversify and perhaps preserve some assets if we do see this this coming collapse well the biggest. threat to your personal well being today is the government frankly your biggest risk is a political risk there are plenty of economic and financial risks in the markets wh

the reason is there are key stocks down, i.b.m., united health care, goldman sachs. in other words, it's pretty stable compared to yesterday. the rally of 205 points on the day we saw that this deal was finally done in the senate and house a signal to washington, d.c. that wall street is on to the political shenanigans. they know about it. the feeling on wall street i can tell you both seriously and somewhat amazingly is that the biggest threat to the u.s. economy and by extension the global economy may actually turn out to be u.s. elected representatives in the congress, because they continue with the short termism, and we could all be back to where we were the last two weeks just three months from now. >> there is the picture of the podium as we await for the president. this was cavity. $24 billion in damage done to the u.s. economy. nobody on wall street could be smiling right now. >> that is $24 billion that is never going to be spent again. furloughed workers weren't spending at the time they weren't getting their money. they will of course get it now, but those

coke cola is number 3 and i.b.m.nd microsoft round out the top five. >>> a april 27, 2014, pope john paul ii will be declared a catholic saint. calls for his sainthood began at his funeral in 2005. to become a saint the person must have performed two miracles. john paul ii will also -- on the date he will be cannonnized he'll share it with pope john 23rd who will also be canonized. pope francis is bending the rules for both men. pope john paul ii is only credited with one miracle. we've heard of others. they just have to usually be verified by the vatican. >>> it is 6:14. howard is here with another perfect day. >> starting out with some clouds. they have the right breaks in them like we've seen last week and this week, we could have spectacular skies coming up really in the next 15 to 45 minutes. so if we get them, we'll be sharing those pictures. i'll be posting them online as i always do. it's going to be another nice day. october 1. average high 74. here's reagan national lit up this morning under the cloudy skie

i.b.m. had terrible earnings yesterday. that is reflected in that.s. >> if it wasn't for that one stock, i.b.m., the stock market would open up overall. the -- janet yellen at the fed is going to print money. this is wonderful news for the stock market. this is what this thing immediately means for your 401(k). >> true or false? the market always believed we would come up with a deal? >> always believed that. never bought the theory if we went past the deadline we would default. the stock market never moved more than 300 or 400 points away from its all-time record high and now coming close getting back to it. >> any developments as of yesterday where people should or should not put their money? >> in the last 24 hours there has been a surge in the price of gold. that means all those folks who bought those gold coins for their kids and grandkids, they are looking better this morning. the bottom line is the small investor, the little guy, does not trust all this borrowing and printing and spending. they don't trust government. they don't trust governme

headed to brooklyn to go to the i.b.m. p-tech school.is the things we are talking about, turn high schools that allow young people who may not have been on a college path to start in ninth grade on a career path to get maybe in four to six years have a high school degree, a technical degree, perhaps a job waiting for them or perhaps to be turned on to education enough to go to a four-year higher education. these are important serious things. you go to the business roundtable or business council meetings and they are talking about these things because they go to the skills gap they are trying to fill. but too often here we are just in a world of abstract numbers, metrics, and even when we are talking about how we deal with the economy we are not asking ourselves, you know, we talk about whether we're cutting spending as opposed to cutting unnecessary spending and investing more in the things that are good for economic growth. we forget the frame that everything we do needs to be measured against the goal are we encouraging a growing more

heading to brooklyn to go to the i.b.m. tech school.ngs we are talking about, turn high schools that allow young people who may not have been on a college path to start in ninth grade on a career path to get maybe in four to six years have a high school degree, a technical degree, perhaps a job waiting for them or perhaps to be turned on to education enough to go to a four-year higher education. these are important serious things. you go to the business roundtable or business council meetings and they are talking about these things because they go to the skills gap they are trying to fill. but too often here we are just in a world of abstract numbers, metrics, and even when we are talking about how we deal with the economy we are not asking ourselve ourselves, you know, we talk about whether we're cutting spending as opposed to cutting unnecessary spending and investing more in the things that are good for economic growth. we forget the frame that everything we do needs to be measured against the goal are we encouraging a growing more p

stocks recovered yesterday, the dow ending down by justify two points, mostly because of i.b.m.'s disappointing earnings report. the a and p500 rising another 11 points to end on a new high. the nasdaq hit a 13 year high. europe, stocks are rallying. china is reporting strong economic growth. asian stocks ended mostly higher, the nikkei down because theian is so strong. the u.s. department of labor will finally release its september employment report on tuesday. there are no concerns the shutdown may have lasting impact on the labor market. speaking on real money, former white house top economist austin goldby said there are fierce of a domino affect. >> if there are fierce because people were uncertain, i fear that that could not drive us into recession, but certainly knock us for a negative loop on jobs for a couple of months. >> google shares are soaring in premarket trading, posting strong gains that blew past expectations. wall street's been disappointed by the tech sector this week with in tell, i.p.m. and ebay missing their marks. google is doing better as attracting those

you know, it's a sad day when employers like i.b.m. are left with no choice but to kick retirees off their health care plans. what a reward to those like david who have given so many years contributing to their company's success. it's not just hurting american families, it's killing small businesses, the economic engine of our country. i just got a letter from dale in la grange who is one of four owners of a heating and air conditioning company which self-insures their employees. in an effort to comply with obamacare, affordable care act in 2011, heating and air condition companies saw their health care costs go up $38,000 compared to 2010. the same thing happened in 2010, their costs went up almost $40,000 from 2011. this means they went from spending $115,000 on health care for their employees in 2010 to almost $195,000 just two years later? what's just as concerning is employers who have been forced by obamacare to increase their employees' premiums who no longer offer health insurance for spouses and children. this change has been