>> i like dan's ibm risk reversal. >> dan? >> i look my put spread collar with rimm's earnings next week. >> i'm sure you do. >> dan's rimm trade. everybody likes dan's trades. >> thanks. >> looks like our time has expired for "options action." go to our website, optionsaction.cnbc.com. and don't forget to watch our daily "options action" segment in "fast money." "mad money's" up next. >> "options action" web extra. more trades, more insight, more strategies. exclusive info you can't get anywhere else. get the action you need with "options action" web extra. only at optionsaction.cnbc.com. right after the show. at's on ths of independent investors? let's ask. when you're trading a stock, every penny counts. i hate when the trade is done and you find out you paid more than the quote price. i want it at the price i expect... or better. td ameritrade's unique trading platform uses multiple market centers to help you find the best possible price. i like those odds. i know they can't flat out promise a better price, but they're alw

. >> good afternoon, ibm the ceo of the hudson institute of like to welcome you and book tv audience, and various other camera crews that are here to the walter and best eastern conference center for today's book forum for their new book by our visiting fellow lee smith and titled "the strong horse" power, politics, and the clash of arab civilizations" of the book has just been published by doubleday. i can say "the strong horse" is an important new book and a wonderful read which i urge all the view to buy. for those of you in the audience it is available for purchase after the event for $20 on tv it is on-line and available in bookstores everywhere. we have gotten to know lee very well. he brings a unique respective to the dialogue on middle east appears an independent of inside the beltway discussions, prognostication and personality politics. first and foremost, a writer and thinker and his work has a distinctly literary touch a real appreciation for the fundamental role of culture, history, politics of the deepest sense. teeeighteen born in the san juan pr and just returned from

[laughter] [applause] ibm tiffin, the co-chair and i am announcing the finalists the national book critics circle of poetry. and they are "versed." "av village life." "chronic," "captive voices new and selected poems 1960 to 2008," from louisiana state university press, "and museum of accidents," from wave books. james marcus will announce the winner. >> the winner of this year's nbcc award for poetry is "versed." [applause] for much of her lengthy career, rae has caught the skeptical eye of american language as if it needed a background check to be to check and risk. it was the musical words to arouse suspicion, it was capacity to sneak in bad faith and political flab under the radar, yet the poems is set to focus on the capitalism and consciousness that have nothing of the ideological hall monitor about them. they are instead playful, poignant and metaphysically alert. never more so than in "versed," her tent collection. here is a fondness for the snub nose decreased to american poetry by william carlos williams. her attitude to this sort of simple objects that prompted williams team is

if it wasn't for intel and ibm, would we have that great service company microsoft? i think not. they made financial engineering possible. so much of what american banking sits on was created by american manufacture manufacturers. we want to be in those forward-looking industries. >> those industries and we can be doing things like the innovation part and the design part. we don't necessaricessarily hav the putting things together part. >> i disagree with that. >> why do you disagree with that? >> you learn a lot about the product by making it. doosh stuff on the computer and likewise, if you outsource the actual assembly you lose a lot of information about making product very efficiently. >> let me talk about the skills involved here. one of the things that makes us such a great economy and makes us such a great nation is that we have incredibly skilled, incredibly productive workers. shouldn't we be harnessing that talent to really have them focus on areas that are more brain power as opposed to just using it and pressing the switch. >> let me give you the perfect example. a gr

north american technology index is also an etf and driven by companies like microsoft, and cisco, and ibm and google and apple, and those are companies without a lot of financing, and they can reap benefit early in the recovery sector, so i mention igm. >> and research in motion, we are waiting for the earnings after the bell. would you buy this stock? >> we don't own that stock. but in the technology space, you want diversification, because you can have some a lot of high volatility in the individual names like rimm, so that the best way the play it is in the sector level. >> thank you, gentlemen, and your time, and we will see you soon. jeffrey and brett, than you. >>> we will now have an exclusive interview with the ceo of campbell soup. if people are going out to dinner, what are they spending it on? he will tell us about whether there is a sign of a consumer comeback? >> speaking of science, deutsche bank estimates $2.2 billion could be put back into the hedge fund. is it too early to call a hedge fund recovery? you are watching cnbc, first in business worldwide. >>> welcome back. ex

. >> companies could include ibm, texas instruments... >> the number of members that have joined thetworking groups that i belong to keeps increasing weekly, and they're all in the same age bracket as i am. >> and i'm really open to any industry, and target company... i'm looking for a job. so, thank you. >> thank you very much. >> deborah, do you remember hearing about the... the plane crash in the hudson river, right? >> right, right. >> and the pilot, sully sullenberger, was a hero for saving all those people. >> right. >> you know, the irony of that is, i mean, he was 57 years old. the irony is that every hr manager on that plane before he took off wouldn't have given sully sullenberger even an interview for a job. and yet, it was because of all the skills and experiences that he had that is what allowed him to land that plane safely and save the lives of all those people. >> narrator: but age bias aside, rob goes on, and we go with him. there is another event which he will not miss. this one, called whine and dine-- that's "whine" with a w-h-- is for human resource executives. >

and the computers of the massive ibm mainframes that were symbols and enablers of centralized power. . .. >> overthrown by the conative revolution in psychology and with the the idea that human beings were nothing but wind-up toys. that is about it. and the current computer age is all about decentralization and liberalization. so in our current setting it is much easier to see the truth of the basic story that timothy ferris seeks to tell, the scientific and liberal democratic revolutions were deeply intertwined and, indeed, involved overlapping canvases of characters. the discovery process of science with this decentralized competition of theories directed by the feedback of experimental results had its analogue in both aspects of liberal democracy. first is the liberal side with what is they called the discovery of the marketplace. and second to the democratic side with the discovery process of politics, the decentralize competition amongst the bottom of political coalitions directed by this feedback elections. and thus there are good reasons for including that all three of these p

question which we need to remember was dead president reagan authorize you to divert the funds from the ibm sales to the contrary. did he know about it? poindexter said he didn't know which was a preposterous notion, how could the president not know something about this? he would say that and i would ask them again in the third trimester and he picked up his pipe from his trademark by 30 always has fascinates as you keep asking a question like sometime you're going to get a different answer. and i was there. we never talked about it again. everything was on the table. this is a series of these amazing moments with this person. i read a profile of government executive magazine, which really portrayed poindexter as the sort of human lightning rod. someone who is trying to change the world that can't escape his past. and let them know is interested in writing a book and i wasn't sure what the shiver that would be, but i wanted to know if he was on board with it. so one afternoon he invited me over he keeps a silver ford. he invited me to lunch with was a very sailors favorite of spam and beer

and not to go through the formalities of proving to ibm, which is what happens, of course, when you go through any security, the lucky -- nigel is so lucky because this is true. he lived very close to me and he's lucky because we never met. [laughter] because who knows what might have happened if i had met the gorgeous julia. [laughter] who became a scientist and like me ended up in the united states. tonight really should be a celebration, not of me frankly, but of reporting. that's what my book is about. it is is about when newspapers can achieve, not when an editor can achieve, but what the reporters on the ground can achieve. that's why i'm particularly on tonight to have been bradley here who represents journalism at its best and many other excellent reporters here. i'm also glad we're here with the synthesis i think of remarkable quality about what is best going on at the moment because the people apart from me to read every newspaper every day and so at a week provides that synthesis and guidance as well. so celebrating reporting means actually which all of us know what reportin

you read things like the federalist papers your understanding the way the world works a few read how ibman and nieces. i know it's hard but it cuts deeper. any eighth grader can understand cannes. i can show you the model in 15 minutes if you have a sixth grade education you can understand it. read things that run deep and understand the marginal conditions about the kid efficiency. and get deep into things and then all of a sudden you understand freedom works. freedom of enterprise, freedom of individual right to hold your expressions commodore first amendment second amendment rights, all of these things are precious to us and they were given to us by greed and courageous brave people all of whom -- i'm going to say something now that i want you to -- i tell you i believe with all my heart. those people at the american constitutional congress were all smarter than any number of people in this town today that would equate to the number. you can't get -- if there were 100 people were i don't know how many, if there were 100 people you can't find 100 people in the town today that are as sm

>> ibm.his particular case with these defendants did the way they were able to hack and it is called board trading. the driver abandoned their vehicles and using a laptop they had been too vulnerable systems that these companies had and it is very, very -- it is very advanced and that is again why the electronic crimes special agent is so important. we have about 1200 agents better trained in electronic crimes with protest to do with basic or intrusion or forensic capabilities but these are very smart and talented people and people have to be more talented and better equipped. sprick the economic times are a factor to the increase? >> i believe they are. yes, sir. >> why are you proposing to cut $4 million? the domestic field operations component of the investigations mission. >> again, sir, i go back to the constrained economic environment that we are in but first of all let me just tell you that cut will not involve of scouting in the field office and will not involve los to discuss cutting

in those jobs on the supply chain misapplying seen and and gravel and aggregate it with fencing and ibm'shat have resulted in over 938,000 jobs. those are jobs this committee has tablet -- tabulated and can account for. i don't speak for the other committees but we have 15 categories reporting and track the projects down to the millions of hours worked and hours created and sustained and total payroll of job hours created. this is what we promised to do and what we said would be done and it has been accomplished. on one of those direct on-site jobs payroll 1.5 billion. unemployment compensation checks avoided $254 million. those are real accomplishments. those with lives restored and home mortgages being paid and kids being sent to school, health insurance, union jobs are reinstated in and restored. we need to go on from there. we need to pass the additional main street build the house is slowly making its way not to be derogatory, a painfully toward the resolution of that issue. and renewed the long term it six years transportation bill we have been working on in this committee. a $64,10

there are companies like ibm and u.p.s.the southern parts of the united states in the '50s and '60s for blacks and whites to work side by side where it wasn't the custom or even the laws of some of those states. >> let me ask you this. with the google piece, with the rio piece, we've got schumer and graham putting up on the table once again currency manipulation. are we at some kind of tipping point, the whole path of doing business with this country? >> we are and we're seeing we're not aon loan. if there's any way i would fault google on this, maybe they tried and failed, to get yahoo! microsoft and bing who are experiencing some of the same frustrations, even though they have very small market shares, is a show of force. the european chamber of commerce right now is coming out with a series of papers critical of state capitalism or a difficulty of competing in china. and there are a number of fronts where it has to be addressed. and we're seeing some leadership is making a big difference here. >> you know what that means

ibm here because a friend of yours insisted i should come here and i haven't met your friend yet. i'm from saudi arabia. i know a little bit about the country and the way that the war is used in very aware from the region that the head of the al qaeda who throw this process. i am also aware that these people -- by the way it is reprogramming these people. they were programmed to kill, they are going to keep killing other people but not us, that is what it is i don't know if you are aware of that most of the people who go through, not all of them, these rehabilitation programs are used by the saudi interior ministry to fight, kill, incarcerate or keep the shiites or every beah in line. so those go back to what they were before. they are being used by the authorities to control the minorities. my question is what is the difference and the objective? and i agree one of you may have mentioned there are more reasons for terrorism other than just religion. religion is a tool used because the only thing they know is religion. so they are being brainwashed from childhood and until the don

he is also served on the board of alcoa and ibm, and he is currently on the president's economic recoverydvisory board. as someone who has cat stock and my 401(k), it is up, they do very much. -- thank you very much. he completes his work as ceo from june of this year, and will retire as chairman of the board in october 2010, and looks for to time with the grandchildren, traveling, and continues his endeavors throughout the country. we are most grateful to welcome mr. owens. [captioning performed by national captioning institute] >> thank you very much, randy, that was the most kind and generous introduction. i am delighted to be back in have the opportunity to speak to the nabe group. it is an honor to be on the program. i sat in on to other presentations and got a good shot of economic policy from the white house perspective and from the federal reserve perspective. i tried to get calls from the business community side. -- to get inside from the business community side. eyespot, how one the world did this happen? i joined caterpillar in 1972. coming from north carolina, i had a lot of b

i think frankly the ibm that -- i think, frankly, the idea that it was his first promise in office and everything got behind the health care bus -- it is notable that this administration, i think, if they encompass health care, would be a success for them, but the lack of success everywhere else, this is an in the station that could not walk and chew gum. they were not able to push through a lot of promises they made and they keep pushing balls in the air. don't ask, don't tell, state of the union speech. immigration reform, another ball in the air. frankly i would have preferred -- i say this in retrospect, and i gave a big party after the executive orders. i would have preferred deferring this rather than just announcing this and just letting it be the stepwise to another agenda that would foil your ability to get this done. you take a bite out of apple, you don't want to eat the whole thing. don't put but apple down for a year and come back to it and think it will be healthy. >> i think what went wrong in the context of federal criminal trials, karen, is hesitation. if on november 1

not only that, he's serves on board of directors at alcoa and ibm and currently on the presidential, president's economic recovery advisory board. as someone who has cat stock in my 401(k) it is up 145% in the last year, to the day, thank you very much. he was named by n.c. state their 2009 person of the year. a formidable award from a wonderful university. and completes his work at cat as ceo in june of this year and will retire as chairman of the board in october of 2010 and looks forward to time with the grandchildren, traveling and continuing to support educational and economic endeavors throughout the country. on behalf of point loma has reason university, we're -- nazarene university, we're welcome to jim owens [applause] >> thank you very much, randy. that was a most kind and generous introduction. i can tell you all i'm delighted to be back and have an opportunity to speak to the nape group. it is quite an honor to be on the program with dr. roemer this morning, dr. evans. i sat in on those two presentations. we've got a good shot of economic policy from the white house persp