ibm is a big company.imately watson is a very important part of what ibm is going to do generally in cloud computing. and this application as i understand it from memorial sloan kettering is only one of the many things watson is going to be doing. what i'm excited about is what it's going to do for cancer care in the country. this is a tip of the iceberg of things that we're doing where we're expanding our clinical care, spending a lot of money on research to find obviously new modalities, more cures, drug discovery. we have really inspired leadership. president craig thompson has really taken us to a whole new place. i'm very excited about this partnership with ibm. i think it's going to be transformative. >> i think everybody out there is wishing you the best on that one. for sure. great that you've been on the board and you've got such efforts to find a cure for cancer ultimately. thank you so much, cliff, for joining us. >> good to be with you. >> cliff robbins, ceo of blue harbour group. >>> up next,

>> well, look, ibm is about software and services. that's how the company has evolved and yet, the quarterly misses in the past two or three quarters have been about the hardware business, which is becoming sequentially less and less important. we think they will get through the problems and we do believe they are going to hit that $20 per share by 2015, which makes this an extraordinarily cheap company and if you're worried about the market reaching all time highs, this is a nice stock to buy that is very high quality company not at the all time high. >> give me a 30-second pitch for united health. >> it's the highest quality of the hmo group and look, the hmos are port of the solution. they aren't going to be excluded. that was the fear from last year and we're very encouraged that the government's hiring their division to fix the software glitches of government.org and we think this company, too, is very attractively priced with a good growth prospect. >> do you or haverford own these stocks? >> we do. they own them and i own them

if it gets in the way of people with dates get access to maybe ibm products, why should ibm insist on patents since the committee -- sorry, the convention says you shouldn't do that. the last thing i want to say is we have previously not ratified human rights conventions of this kind. the human rights conventions ratified up until now have been very basic american-style constitutional rights like freedom of religion and freedom of speech or opposing torture. this is a big step beyond that. this is much more like the covenant on economic and social rights which we have through a succession of presidents saying, no, we're not going there. that's too ambitious. that's not what we understand by human rights. if we ratify the convention, anything and everything could be something brought to us in the name of human rights, and we could commit to it and share with other other countries what decisions we make about how to regulate our economy, how to take care of poor people, old people, any kinds of people in the country. it's a very, very big step, and we should think about that before we s

ibm believes the u.s. can solidify leadership in the burgeoning marketplace through this participation. we believe that failure to act will produce quite the opposite effect in the long term affecting the ambition and dreams of people disabilities, limiting market opportunity, and jeopardizing the u.s. ability to affect things worldwide. in conclusion, ibm believes the ratification will create a global marketplace for accessible i.t. and reinforce the u.s. legacy leadership position as a champion for full inclusion of people with disabilities. i thank you for your attention. >> thank you. professor? >> thank you for letting me, mr. chairman. i want to make three basic points, and they respond to what secretary kerry was saying, that this treaty will not require us to do a thing. he repeated that over and over again. it will not require us to do anything, but it will give us a lot of leverage on other countries. my first thing is that we should stop and pause on this. how can that be that although they do n

in conclusion, ibm is confident that the u.s. reputation of the crdp would create a global marketplace polls for accessible and reinforce that u.s. legacy leadership position as the champion for the full societal inclusion of people with disabilities. thank you for your attention. >> thank you mr. chairman. i want to make three basic points and they respond to what the secretary was saying that this treaty will not require us to do a thing. he repeated over and over again. won't require us to do anything but it will give a lot of leverage on other countries. so might first point is that we should stop and pause over this. on the face that seems a little bit and plausible. if it were true that the ratifying the treaty like this gives a lot of leverage on other countries, then our having ratified the convention on civil and political rights that we have ratified but give us a less rich to make sure that there is free speech in countries like north korea and cuba. it would allow us to make sure that there is freedom of religion in c

ibm. very clever. you have heard similarity where one computer brain is going to do all the thinking and take over all of humanity. let's check the market, w where joined at the new york stock exchange, lauren is looking at one stock hitting an all-time high today. lauren: take a look at the today chart, you can see it is up% toy, a-timhigh pusng $10 pe sare. goldn sas add priline and ve tm $10 pre targ. eest cht ishe fe-ye char

crowd to a rousing cheer and then he sa, and if think that's somethingust wait until you see our ibm compatible. >> lee, i'm going to call that true enough. >> theoom did not go quiet though. >> it's like apple introducing th ipad this is cool but wt until two years. i appreciate . monday.ck with your reunion on and thank you for the things you brought silicon valy as well. andhank you for being here. >>> will people line up for anything other than say aew iphone or an ipad? miosoft andony sure hope so. we'll have look at the video game industry when "press:here" continues. >>> welcome back t "press:here." 're less than a week away from the release of a brand newideo game system,he playstati 4. sony will start selling the device in the united stateshis coming friday. then a week later on novber 22nd, microsoft answers withe actually the trd generation ofis xbox. the game software company h ubisoft and the fello we tn to when it comes to the game industry. welcome back. >> thank you. >> let me preface say i am qualified to ask these questions play 45 minutes of battle field 4. that sa

ahead - two years ago ibm's watson dominated on jeopardy. can its computing power be used to help cancer patients. >> start with one issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >> would you have thought we'd see the day when computers were smarter than the people who created them. we saw it happen when ibm's artificially created computer watson won a game against two champions. ibm is offering its services to software developers to create an era of cognitive applications. how soon will watson's artificial intellig

in conclusion, ibm is confident u.s. ratification of the crpd will create global marketplace school for accessible icc and reinforce u.s. legacy leadership decision as a champion for a full provide inclusion of people with disabilities. thank you for your attention. >> thank you, professor rabkin. >> thank you for inviting me, mr. chairman. i want to make three basic points and they respond to what john kerry was saying, this treaty will not require us to do a thing. he repeated that over and over again. it will give us a lot of leverage on other countries so my first point is we should stop and pause over this. how could it be? they don't get any leverage on us, we get a lot of leverage on them. on the face of it seems a little bit implausible. if it were true our ratifying a treaty like this gives us leverage on other countries, our having ratified the conventional civil and political rights which we have ratified would give us leverage to make sure there is free speech in countries like north corey and cuba, both of w

ahead - two years ago ibm's watson dominated on jeopardy. can its computing power be used to help cancer patients. the stream is uniquely interactive television. we depend on you, >> you are one of the voices of this show. >> so join the conversation and make it your own. >> the stream. weeknights 7:30 et / 4:30 pt on al jazeera america and join the conversation online @ajamstream. determining using some sort of subjective interpretation of their policy as to whether or not your particular report was actually abusive, because if it doesn't contain language that specifically threatens you directly or is targeted towards you specifically, they may not consider it abuse. they may consider it offensive. and in that case they just recommend that you block that person. >> i don't want to minimise this, because i mean, there's some really horrible things that are on line, and it's not - it's not just twitter, what has happened through social media and the anonymity of the net is that you see websites, hate-filled websites targetting all sorts of gr

there were some serious problems for ibm stockholders. it. >> we've been you watching ibm closely. tech stocks are across the board. pandora moved into the green and into the red. footwear like nike and foot locker doing well. david: let me emphasize, nicole, i don't mean to jump in, stan drunkenmiller recommended shorting ibm and that really weighed on the stock, right? >> absolutely. [closing bell ringing] david: those are the bells. it is end of the week. another mow memphis week. -- momentous week. liz: s&p blasted through the record of 1798. dow as well. you would have expected some type of a pullback after the run-up past 16,000. david: look at evenness, evenness of all these indexes. sometimes we see one outweigh the other. now it is across the board. rising tide lifts all boats. at least that is the show today. liz: time for your front page headlines. european union, yes, not just here in the u.s., reportedly set to green light a deal between microsoft and nokia. microsoft will acquire nokia's mobile phone business for $7.3 billio

ahead - two years ago ibm's watson dominated on jeopardy. can its computing power be used to help cancer patients. and later putin and the pope. >> would you have thought we'd see the day when computers were smarter than the people who created them. we saw it happen when ibm's artificially created computer watson won a game against two champions. ibm is offering its services to software developers to create an era of cognitive applications. how soon will watson's artificial intelligence help in our lives. >> joining us is eric brown director of the ibm watson team. his research and work is part of a book called, "smart machines." and our editor at large. i haven't gotten over how watson destroyed them. you said you didn't have fun the whole time. >> we weren't sure of the outcome. >> you were nervous. >> we were a little nervous. >> it works by using cognitive computing, what is it? >> cognitive is a new era of computing with a few key elements to it. it's a collaborative approach to computing. it relies on a couple of key things - one is ma

for right now if you're in it you can hold it. >> stef, talk to me, ibm. >> i did not like ibm at 210. we sold a lot of our position there and then at 200. under 180 i think this story gets more interesting. this is not a revenue growth story. this is not a high flyer by any means but trading ten times forward estimates. you get the buyback which was recently increased and dividend. >> pete, give me buy, sell, hold on northrop grum mond. >> buy it, still cheap, great upside. >> final winner of the debate on the other side of this break. i got this. [thinking] is it that time? the son picks up the check? [thinking] i'm still working. he's retired. i hope he's saving. i hope he saved enough. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. whether you're just starting your 401(k) or you are ready for retirement, we'll help you get there. but it sure feels that way. because with power ports... and wi-fi... and in-seat entertainment, for everyone on board, now when you fly, time flies too. (flight attendant) sir, w

if you are ibm, what's not readily achievable to ibm to do?uild a ramp into an office building. >> but the question is what triggers -- no construction triggers it. >> there is nothing that really triggers readily achievable other than it's required under ada >> the day i go to the hardware store and i see this new piece of hardware and i realize that the old doorknob i have isn't as good as it could be, i need to -- i should go make that purchase, make the change then? . >> as a small business, even as a large business, you should survey your business, find out where the access deficiencies lay, how many round doorknobs do you have, how many round faucet handles do you have, what would it cost to replace them? can you afford to replace them? how long would it take to save up the money if you can't afford it right now. come up with a plan on how you are going to make your business accessible. >> but it is the business owner's responsibility, not triggered by work, not triggered by time, date, anything else, to be on top of it. >> that just see

if you look at ibm it leads the market.ou see weakness here, you could see weakness in the rest of the market. >> i wouldn't touch it, just because i think there is so much negativity in the stock. they missed on the top line for the last four or five quarters, i don't think they can continue to do that. so -- >> so no touch long or short. >> i wouldn't touch this one. >> all right. what is goldman sachs saying ben bernanke's next move at the fed should be? we'll tell you. more fast straight ahead. >> fast money means trading. everybody has to bring their best information each and every night. the entire trading day is the preparation for the show that night. >> it's idea generation, it's all about giving you a framework for how to look at the market. as the world has changed, our show has evolved. i am guy adam each. i am fast money. >> i am pete najarian, i am fast money. >> are you fast money? go to the nbc universal store, and order your fast money tee. run with the big dogs. i need to rethink the core of my portfolio.

instead of playing it out the way dell became or ibm, cisco and oracle might be. now, you know i'm not saying we should abandon the bowings and duponts, not at all. i like those companyings. i'm not suggesting for a minute restaurant chains or oil or industrial or gas companies can't be part of your portfolio too. that's just the opposite. i want you in j & j. i want you in noble. nbo, down a couple percent today. i think a honeywell or starbucks can be terrific investments. but i'm out here as much to educate you as myself about the value the cloud based companies bring to the enterprise, which is a fancy word for business. i want to know if we're in the third quarter, has the game just begun, is it the two-minute warning for the first half or second? i want to see for myself whether these are fads. and i can tell you definitely that they most are not, most. and, yes, i want to find the next salesforce and the next amazon like everybody else. believe me, they are out there. and it might be drop box, lest you think i'm nuts and simply at betting the science and pe

you explain to me. >> well, let's start with the ibms and the alcoa withs.hink there's a fundamental difference. at ibm they've done one-way business a long time, they've just made the decision so far not to manage it to the level they probably could. and i think they'll end up getting there. alcoa, they have, in my opinion, a faulty assumption that their commodities are offset by their currency. i think that's a long-term trend. if you look over five years, you may be able to make that argument, but quarter over quarter it's hurting them, it's continued to hurt them. you and i have talked about them before. you've had the ceo in there. they need to really think about this also on a quarterly and annual basis, and there is a better way to manage that risk. they have a new cfo has the opportunity to improve that process. you go look at the michelins, there's an interesting story there. michelin and perelli, very similar companies -- obviously, out of different countries -- they're impacted by different currencies. so you have a michelin all of a sudden much m

what do you like about ibm here? >> again, for me it's a question of price. also with 5% of their business and software and services, i think they have a. >> at the end of the day, if you're a tech investor, regardless of all of the levers that you pull you must have sales growth. >> paul we're going to leave it there. do not miss an exclusive interview. up about 2% today. >> very important the way the stock played today. not on tremendous volume. people vol low these guys. they have had a good call on apple. china mobile is finally going live with their 4glte network. the street has not priced any of this into i-en phones. when they do this, i felt china was a head wind to apple. and i do believe that's part of what got people excited today. >> there are also reports saying there is improving iphone 5 s supplies. reports from opponent makers indicate that chip makers that supply the iphone will be much better. >> which would you rather buy? hp up 98% year to date. not even up for the year. basically flat for the year. >> i don't mean to say that these stocks

oracle, microsoft, cisco, intel, ibm. we don't think of salesforce.com or workday or viva as being tech. we think of the former being cheap and latter as being ridiculously overvalued. and yes, on traditional metrics that's probably true. but sometimes we forget why we invest in tech in the first place. we do not do it for cheapness. we do not do it for dividends, and we certainly don't do it for buybacks. we do it for growth. unfortunately the companies we traditionally think of as tech are often really vestiges and trench players, at least in the uninformed. you don't over 130,000 people coming to dream force to see same old same old. this isn't about a new way to use a personal computer. it's not about the semiconductors, it's about how to use social, mobile and cloud to help your own business grow. now look, i totally get why you might think it's one big dangerous bubble. there is an element of who are these guys, what do i care if some company's helping sales reps sell more drugs or more food or whatever? who wants t

just look at cisco and ibm. to karen's point, i think it's very much a stock picker's market. some of these things not working. they were all the rage and have really stopped on a dime. then you go back to the qualcomms and price lines, they are demonstrating these are massive market caps and they continue to work. some people would say that those are momentum names but is there a buy there? >> i think there is. these guys are online auto. this is a company that is growing their earnings at 45%. they have taken revenues to $31 billion this year estimated,that's huge growth. this is what people look for. russia's google is growing 40% a year and this is another name that trades on the nasdaq. these are places where people should be looking globally. >> revealing the best new investment earlier today. take a listen to what he had to say about the stock. >> look at the multiples and you look at what the earnings power here can be, what we think is the earnings will be a lot better than what people think. >> fast money viewers may recall micron bull. he has been hot on micron for

lernlz in handwriting and the ibm selected twoirp was just coming into the office. the space would have been built for 10 attorneys was built for 35 attorneys and one was an alderman and one female and all the rest white i've been fortunate i've had some great challenges and lewis who really transformed the office into a diverse talented public staff and lawyers in the nation and the community outreach team. it was much to my colleagues and to the members of the board they've shown in selfless commitment with excellence. i've seen a panorama of public life former mayor friday afternoon when he returned to our office and joel holding court with his spell bounding conversation and dianne feinstein relentless compassion. and willie brown's flaw less grasp of december tin. the the temple people's massacre and twice stopping the giant ownership from moving the city to toronto and jacksonville. the bathhouse litigation and two impeachments all unsuccessful and one city official in prison. the interrogation of rank choice voting and instant elections and local pub funding

. >> oddly enough, it's ibm. everyone scratches their heads because these are going to ratchet back up. it has closed the gap from earnings. they have less of opportunity to increase going forward. hardware business, no growth there. the businesses that have growth are sluggish. margins are getting squeezed. too much competition. >> i want to talk about the area that's been in the cross hairs of shorts. one company on my you require car is specializing in 3d printing of liver tissue. take a look at the stock. up 300% in the past year. got that big focussing on liver tissue used in liver testing. just until two days ago it was a billion company a. two days ago it declined 30% in a single day only to be followed by the 17% decline. the short seller on the website seeking alpha which questioned the company's prospect saying it's revenue potential should be expected to add up you to a few million over the next few years. i don't want to spend too much time on this blog post, number of this is back checked. the compan

had the ink stains our office clerk still reported all our cases in big lernlz in handwriting and the ibm selected twoirp was just coming into the office. the space would have been built for 10 attorneys was built for 35 attorneys and one was an alderman and one female and all the rest white i've been fortunate i've had some great challenges and lewis

that is why ibm and the consumer electronics association and many other businesses support ratification. so i think this is a single most important step that we could take today to expand opportunities abroad for more than 50 million americans with disabilities. this treaty is not about changing america. this treaty is about america changing the world. and i hope that each of you will put yourselves in the situation if you were disabled today. one of our colleagues, mark kirk, as we know, who supports this treaty, has unfortunately found himself fighting back against things that happened unexpectedly. and so, while our circumstances might change, our rights and our opportunities should never change. and with the passage of this treaty, we have an opportunity to guarantee that for all americans, and we also have an opportunity to change lives for the better for a lot of people in the world. that is what america is all about them, and i hope we will ratify this treaty. thank you, mr. chairman. >> thank you, mr. secretary, for a very substantive, very vivid example of why the treaty is so

. >>> and, the debate of the city raising the ibm minimum wage. good morning, i'm jummy olabanji. >> i'm autria godfrey. it is so cold out there. jacqui jeras is here talking about teens and 20s today. >> winds will be a little bit lighter so it might not feel quite so bad but it is a brutal start. we've got 25-degrees in d.c. the wind chill is 16. at dulles the temperature is 20, and the wind chill is only 11. the temperature in frederick is 23 with 11 deny for the wind chill. gaithersburg, you are in the teens at 19 with a wind wind chf 9. we have two opportunities for some winter weather that will be early tuesday morning and late on wednesday but the large majority of wednesday for your holiday travel we think will be rain. with we will have specifics in the futurecast coming up in a few minutes from the belfort furniture weather center. let's see how things are on the road, amanda? >> we have construction on 295 to worry about. we've got a live shot to show you current conditions. 66 is moving right along eastbound near route 2 as you come in

you like ibm, exxonmobil and johnson & johnson. johnson, up 41% over the last year, you picked it the last time you were here, it has continued to march higher and higher. slightly down today, nobody cares about day by day moves, but why do you still believe in johnson & johnson? >> well, look, first of all, they have all of the issues that plagued them, the manufacturing problems that plagued them for two, three years, that is finally behind them. they have a solid pipeline, that is the heart of any pharmaceutical medical supply company and, yes, it has had a big move, but we still think it is an attractive valuation and a great long-term stock to own here. liz: now, one of the other things i find about ibm and exxonmobil is they both instituted recent share buybacks. i look at that and i say is that investment hocus pocus? financial engineering? you don't seem to mind this. you like those names. that's not the whole reason, correct? >> it's not the whole reason, but in general we have a positive bias toward most share buybacks, n

yes, they call it academies, oracle and ibm and hewlett packard hire and train young people. if you have an engineering degree, people will hire you when you walk by their booths. the companies i saw there are about saving businesses money chiefly by having cheaper, smarter technology, to replace ever more expensive humans. salesforce.com not only makes people more efficient, releases middle management, because the top dogs can see through what the troops are doing. i was amazed that the head of general electric can scan his whole company on his cell phone, connected to the cloud. he is in touch with everyone he needs to be in touch with, which is a heck of a lot more integration of smart software of a variety of providers who built their sales force on open platform. hey, there is work day, used to integrate human resources, payroll, financial concerns, meaning software replaced a solid world revenue. more on them later. viva systems from last night. they keep track of pharmaceutical sales people. who knows how many secretarial positions that can replace? these companies eli

if i am a head of the ibm office of move by -- of mumbai and my job is to make ibm grow a seamless operation, what should i do? do i want to get engaged in this, and it is like walking on egg shells? to what extent can u.s. global companies play a positive role without cracking the egg shells? >> sure. it is interesting because we work with us. if you take something like microsoft, you have every interest in intellectual property rights that we do and they are very vocal about it. they bring people together, send them off of in training programs to the united states. they do a lot of things like that. i love companies that are on monday what we are doing work on limiting what we do for their own reasons, but they happen to hit a lot of our ideas read one thing i was mentioning about that, what i thought was interesting, i saw this and pakistan, we put out with aid a contract to that -- to add agencies, and i was part of the committee to choose one, and i found that -- and i had been in advertising so i could read to the mumbo-jumbo -- and what was interesting is when you have an ad agency ta

. >> companies like oracle and ibm and one of the best tech companies no one knows. it is expensive but one of the ceos that i know he is a rock star. anything that he says, i am writing that down because he is it on- line imagination. >> google will open the show runs. with the amount of money that goes their kids and mattel, barbie is not for christmas. children want tablets. what is want to be cool is that they will have this note that as life-size. you can go when the snow globe with fake snow and you can take photos. the importance of this holiday season with the tech companies is that they're doing the right thing by getting from a people. >> thank you very much mr. dannon. >> we will talk about reverse mortgages. i will also look that some your e- mail's. [ female announcer ] welcome one and all to a tastier festive feast. so much to sip and savor, a feeding frenzy to say the least. a turkey from safeway is just what they crave. a hero of the table, "so delicious" they'll rave. fresh, natural, frozen. it's the best selection around. spend $30 and a frozen safe

ibm is following existing trend.he example of massachusetts, which put in a program that was more generous than obamacare, and employer sponsored went up, not down. >> why is this one size fits all advantageous? i just talked to a number of people, dozen, who have been saying, look, i have to -- pediatric care, i'm a grandfather, way over that, or child coverage for my wife who is long past her child-bearing years. how did it get to be that it way? >> it's not one size. the key thing is, you've want to end discrimination, by gender, say that women should not have to pay more than men for health insurance, then that means that everyone has to share the cost of maternity coverage. if you don't think that's right, that's legitimate. >> but that was never telegraphed. when this started -- that's fine if you want to say thought now. number of that was tell grafted, as well as the fact people would lose their plan or pay more, none of this you would do better by doing some good, maybe paying more but in the net positive th

some of the names that are helping, ibm and walmart.mber it was at 21 back in october to. today down again, so we're watching that as well. twitter with new lows, tsa another big piece of -- that's another big piece of news and apple and priceline and best buy, so there's a lot of stories as well. the market momentum has been to the upside and remains so. maybe we'll get six weeks in a row of gains. back to you. cheryl: thank you so much. there are more than 700,000 vets looking for work. i spoke with one this morning on "fox & friends". >> to be honest, i think there are a lot of qualities and skills that people in the military have that are difficult to translate into the professional field, civilian side. things like responsibility, initiative, leadership are sort of intangible qualities that are hard to put on a resumÉ. cheryl: you heard him say it, it's tough to translate military skills, but is it better for vets to work if the private sector? is the private sector the better answer over the government when it comes to hiring our

being made on tablets and smart phones, up 49% thanksgiving day compare toed a year ago to cording to ibm digital. a professor of internet retailing believes the shift is causing to start promoting holiday sales earlier. >> will it disappear in the next five years? i don't think so. will we say this used to be a very important day? but not anymore? in five years, yes. >> and deep discounts don't matter and teenagers are willing to que up. >> you're wailwilling to buy at full price? >> yes. >> some of the shopping is being done away from malls and local retailers like those in pleasanton. abc7 news is live on main street right now with that part of the story. hi, laura. >> reporter: hi, carolyn. people are not into those long lines that we saw in david's story that lead to deep discounts. tomorrow supposed to be small business saturday. we found folks getting the jump on that by coming here, spending black friday here. this is a sign in front of the chain store. it's outside prim a small boutique in pleasanton. >> what is the best bargain? >> accessories are buy one, get one half off. you

according to data gathered by ibm, mobile accounted for 32% of shopping on monday alone.ile totalled $5.8 billion in sales in the third quarter. with us now, paul rand, ceo of a site that garners so called word of mouth in the digital word and author of "highly recommended" which is probably highly recommended, too. thank you for joining us. >> nice to be here. >> what we wanted to focus on is ways new apps and technology is allowing retailers to take advantage of social media. what are the winning strategies? >> it's different with six less shopping days. retailers are in all out war to make spend happen. instead of good friday, we're having forever friday. the ability to go and take good friday deals all the way a week ago through the whole holiday season is coming into place. the biggest change falls in two camps. in the past, some retailers would have used three or four social channels to connect. now most of the major ones are hitting every possible social channel out there. you're seeing online sales are up 32% using mobile device over last year. there's a huge grow

ibm. very clever.ave heard similarity where one computer brain is going to do all the thinking and take over all of humanity. let's check the market, w where joined at the new york stock exchange, lauren is looking at one stock hitting an all-time high today. lauren: take a look at the today chart, you can see it is up% toy, a-timhigh pusng $10 pe sare. goldn sas add priline and ve tm $10 pre targ. eest cht ishe fe-ye char at iall u ne to kw. up 1800% in five years. back to you. lori: thank you. adam: the fate of obamacare in the hands of state insurance commissioners, will they go along with president obama's proposed cancellation fix? detail the head of the at the white house. lori: it was the dueling dinosaur auction. we will tell you what happens when two dinosaur skeletons hit the auction block in new york. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> 22 minutes past the hour, this is your fox news minute. president ob

. >> you site david boice, he represented ibm against the united states, al gore in his election, he also is dyslexic. the new statesman said, according to your theory, siting statistics showing proportionately more people with dyslexia enjoy worldly success than without. not even gladwell can run the experiment in which boyce repeats his dyslexia, seems more personal about the attack but there was a lot of it about the dyslexia part. >> you can say certain things, not every idea can be presented or tested with scientific rigor. it's not possible. in my book outliers, i play with the idea that perhaps something about the culture of rice cultivation in southern china has contributed to asian success, chinese success in mathematics. is that a provable assumption? have no, you can't rerun history, see how chinese would do it if they hadn't had a rice cultivation, but is it not useful to play with that idea? of course not. first submit it to seven layers of academic rigor, they're saying the world would be a very boring place. i think it's fun to play with ideas, so in the case of david

ibm and all their brotherhood quickly swooped down into the personal computer market.repreneurial profits are often huge, but also transitory. the swarm follows the leader. this was part of schumpeter's description. schumpeter's general conclusion? these enormous, short-lived profits are justified by the benefits innovation brings. given the dominant role that innovation has played in american economic growth, it's difficult to disagree. huge profits can represent monopoly and distortion, but they also can be the oil that lubricates the wheels of progress. of the thousands of people who start new firms every year in this country, most will fail. financial institutions, large corporations, and individual entrepreneurs must calculate probabilities for failure and success. we're propelled by the marketplace to invest our time and money in those ventures offering the best chance of return. for economics usa, i'm david schoumacher. captioning is made possible by the annenberg/cpb project captioning performed by the national captioning institute, inc. captions copyright 1986

at ibm. they mechntor the students thre times a week, and producing amazing result, all of them finishing high school. >> you'll have a private solution unlike the health care system. business also have to partner with the education system, show them we have the back, because we need the kids to graduate high school and match the skillset against what's available today in the world. the jobs here in the united states, which they are not trained to do, they used to call them vocational, now we call them something else. s.t.e.m., science technology and medical fields, that we need jobs in. >> i want to get your thought on one more you sort of bubble topic. we talk about the technology bubble. what about housing? is there a housing bubble? >> i don't think so. i think in certain markets, prices got way ahead of themselves. >> is the west one of them, california? >> i think vegas and phoenix. not california. california never has real demand growth. there's jobs being created in california. but, f

we saw some bad emerging markets news out of ibm last month. >> i thought that was ibm. didn't you? >> yeah, well, i don't know. china was a big part of that. other emerging markets were looking bad. it didn't necessarily seem like it was just an ibm issue. and i think chambers is underscoring that saying, we saw some ibm and we're going to see it from a lot more -- not everybody, but a lot more. >> we worry about revenue not growing enough. in this case, is revenue actually year over year declining? >> yeah, yeah. >> that's bad. >> analysts have been looking for an uptick of 4% in the fiscal q2, which is the quarter from a year ago. and cisco's guidance is down 8% to 10%. >> that's pretty staggering. >> because not only were the top five emerging markets down 25%, but the declines were accelerating towards the end of the quarter. so this is kind of -- >> what about the tapering? because if you think about all those emerging markets, they were impacted. >> it's the idea -- >> the concept. >> well, that was the second, third -- >> i'm surprised that the nasdaq futures aren't weaker t

. >> doesn't he have ibm as the template and everyone thinks he will do, he will do gersmer, whetherhat's the right or wrong thing the betting and why you would see a 10% upside if you were named. >> a lot of people think that but microsoft is in a different position than ibm was in its dog days. microsoft has a number of things working, just the things that aren't working, really arenaren't -- nothing is working quite as well. >> an argument may be split up the things that aren't working and that are. >> there's a strong argument. when you split something off doesn't mean you destroy it. doesn't mean you have to destroy bing. marisa mayer would be happy to take that off their happeneds. >> do you believe bing and xbox will exist as a part of microsoft from one year from today? >> one year yes. >> two years? >> i don't know. it takes a long time to spin these off. >> 60 years. the gaming console fight is no game. billions of dollars are on the line and so far, advantage sony, says it sold more than 1 million playstation 4s in the first 24 hours. microsoft's xbox 1 goes on sale this f

network, which submitted a letter from over 50 companies in support of the treaty, including microsoft, ibm, at&t, merck, jpmorgan, and northrop grumman, to mention a few. i want to recognize former president and ceo of the financial services roundtable steve bartlett, who is here. when he was in the house, he was a leader in the effort to pass the ada, and we appreciate his presence. we received individual letters from 84 nonprofit disability and religious organizations like the red cross, easter seals, and special olympics. not to mention sign-on letters representing over 1000 friends groups. we have heard from individuals, some not so well-known, and some very well-known citizens, like colin powell, a chinese human right activist, loretta clairborne, the president ellicott university, who wrote, university, who who wrote, "nothing is more american than recognizing equal opportunity for all citizens." so i think at the end of the day, dr. jordan's simple statement is in substance why we must ratify the treaty. we have several petitions that have been organized by different groups with a t