emily: this is a big bet for you on watson's future and the future of ibm.hen do you see it as a big driver for the business? incremental.lready it is in our fastest-growing segment. emily: what does incremental mean to you? john: these are above our core existing businesses. this is a whole new era of computing. we still have many programmable systems, but this is a whole new era. all incremental. see it getting to $1 billion in sales and if so, when? john: yes and as soon as possible. emily: there are still questions behindhe financials watson. when do you see watson becoming profitable? , heavyatson is a heavy investment for us right now. if you look at the performance of watson, it is surpassing anything we have seen before not only in our business but any other as a service business. andgrowth is exponential with these new businesses, we think it will be a huge engine for ibm going forward. emily: so are you saying in the near term or is this five or 10 years out? john: near-term. emily: how does watson compared to everything else you have worked on at

emily: this is a big bet for you on watson's future and the future of ibm.hen do you see it as a big driver of the business? john: it is already incremental. is growing very rapidly. one of our fastest-growing segments. as we look at applying it to other sectors, we will grow those sectors. emily: what does incremental mean to you? above are based business. all new. this is a whole new era of computing. we still have many programmable systems, but this is a whole new era. all incremental. emily: do you see it getting to $1 billion in sales and if so, when? john: yes, and as soon as possible. emily: there are still questions about the financials behind watson. how it works as a driver of the business. when do you see watson becoming profitable? john: watson is a heavy, heavy investment for us right now. if you look at the performance of watson, whether it is developers, platforms it is , surpassing anything we have seen before not only in our business but any other as a service business. the growth is exponential and with these new businesses, we think it wil

buying on ibm? no long-term path on that one. >> not the best period for ibm.y're trying to meet their dividend and starving their company of a lot of real investment so i will not be a knee-jerk defender of warren buffett. but i think it's for those reasons, where the crowd thinks he's making a bad move, historically he has made the right one. >> david, i just mentioned the dovish tone he took on rates for those who missed it. here's what buffett just said about the federal reserve and a would-be hike. >> if interest rates, if you guarantee me interest rates would be at 100 basis points higher than this for the next 20 years, i'd be buying stocks hand over fist. >> so 100 basis points, but it's got to stay there for 20 years, i'm not sure i would take that bet, dave. >> i would take the same bet and i would have the same type of average. but i will say it's interesting. you know just a couple of weeks ago we had all of these market volatility. we had this thought that the fed was going to have maybe one hike in september, one and done. and we had all of this m

ibm is going to win. and more importantly than both of us, the customer is going to win. >> rose: why did you think you had to buy a head phone manufacturer? >> what we saw in beats what we saw is several things. we saw-- . >> rose: talent. >> a talent that i'm superimpressed with. jimmy and dre off the chart creative geniuses. they also had teams underneath them that i really liked. jimmy has a deep knowledge of the musical industry. dre knows artists. dre is an artist. and they had started a subscription service. and this subscription service, you know, some people think they're all a lake. let me tell you, i went into the thing skeptically. >> rose: the acquisition. >> not to the acquisition, into their service because jimmy had told me how great it was. and so one night i'm sitting playing with theirs versus some others. and all of a sudden it dawns on me that when i listen to theirs for a while, i feel completely different. and the reason is that they recognized that human cureation was important in

and so ibm brings significant enterprise knowledge to the table.e bring the products that enterprise wants. so we have something they don't have. we also don't compete on anything. to me, this is the perfect marriage. there is no -- there is no friction. there is just, we have what they need, they have what we need. together, we can provide something to customers. ibm is in the process, with our help, of designing many different apps for many different verticals, from banking to all the different financial services, to pharmaceutical, to aerospace, manufacturing, and so forth. and they have the market we don't have. this is an area where i think everybody is going to win. we are going to win. ibm is going to win. more importantly, the customer is going to win. charlie: why did you think you had to buy a headphone manufacturer? tim: in beats we saw several things. charlie: talent. tim: talent that i am super impressed with. jimmy and dre are off the charts creative geniuses. they also had teams underneath i really liked. jimmy has deep knowledge of

cory johnson, thank ibm shares are down 10% so far this year.n the bloomberg market day, caterpillar shares hitting a multiyear low after the company announces slashes its job counts. we will find out what is weighing on caterpillar and other heavy hitters in the construction industry. ♪ matt: times are tough for caterpillar. the company is feeling the pinch from weakness in the construction business and today announced they are cutting as many as 10,000 jobs over four years. they are also cutting their business projections by as much as $1 billion. cell list them on a and joins us by phone. gordon, is this caterpillar specific or industrywide, these problems? guest: i think it is two-pronged. i think the industry problems are related to a specific problem in china that is is oneral, and that dynamic and i think cap's ability to recognize revenues -- ability to recognize revenues is also an issue. gordon, talk about issues for still makers and supply companies like caterpillar. gordon: that is a big issue. we are in a commodity bubble right now.

emily: you do not see apple and ibm as a competitor? meg: ibm, yes, in many cases.le a little bit different. apple is more about the devices and they would very much like to go into enterprise, and we obviously need to defend. more on the hp inc. side, but we need to defend. as you migrate, say you are a cio. as you migrate infrastructure into the next generation that will be required for you to be cheaper and faster and more nimble, the ability to write applications in a new environment, cloud native and mobile, it will be important for you to have orchestration, monitoring software. everything has to be automated today. we have those kinds of opportunities in our software portfolio. we play in quite specific areas of software that is a little different than erp systems, like oracle or s.a.p. or salesforce. this is not our market. emily: what about the cloud? what is the hp strategy for the public cloud? are you going to be a cloud, or sell to the cloud? do you plan to take on amazon and google? emily: our public cloud offering is not designed to compete with azure

the other is ibm. ibm will be selling your product in some cases.are able to use their data bases. is that a blueprint for future relationships or unusual circumstance here? >> ibm will be uniquely significant for us how we are investing in the partnership. together we'll bring joint solutions for the market. we are a partner-centric organization. we work with microsoft, apple, ibm. the investment they are making in that partnership is substantial and unique for this industry. >> why not just have them buy you? >> i definitely love ginny and think she is doing a great job steering ibm into the future. at box we are focused on staying independent. we think this is the best way to capture the opportunity we see ahead. we see tens of billions of dollar market around content management. we want to stay independent. >> quoting a tweet of yours last week, for all future inquiries about the state of the tech industry and/or the world, e-mail tim cook, you said, a guy i see is also going to be speaking at your box works conference. yesterday showed us a lit

one of those is ibm. prion may remember this, but just about a month ago on "squawk box" we had a chance to talk to warren buffett about what he liked at that moment and while he didn't say it he hinted he had been buying shares of ibm in the quarter. fast forward about a week after that when we got some of the filings, the s.e.c. filings, turned out he had not been buying ibm and left some of us scratching our head. today he cleared up the mystery. >> well, i owe you one on that because i thought i was buying it in that quarter, and we bought it in the first quarter and normally i wouldn't tell you this, and we bought some in the third quarter. i actually thought there were purchases in the second quarter. i wouldn't have said that unless i thought the number would be a little bit higher but i was wrong and i have to tell you we've bought some in the third quarter and did buy it in the third quarter at well. >> also had the chance to talk to mr. buffet today about what he thinks about were the economy an

it was a great pr demo for ibm.ne of the things you should remember is that all three contestants had to press a button. you have to press in on jeopardy. you have to do it in a window. you can press in too early or two late. it turns out the robot because of statistical algorithms was really good at pressing the button at the right time. it turns out at that level of jeopardy everybody knows the answer. winning often has to do with pushing the button at the right time. not to take away completely from ibm's performance the watson program is an ambitious artificial intelligence program. ibm as a company has had a back and forth relationship. they started doing research in the late 1950s and backed away from it because they didn't want to think about theremi their mas displacing humans. now they are trying to collaborate with humans. where it is interesting is as machines develop the ability to understand human species and to speak, one of the areas that our economy has grown dramatically in since world war ii is in

and then again. >> ben you said ibm's watch had more personality.hen you say hillary rebooted her e-mail more than your computer. >> i am loaded and super rich and thank you for all of the money, ibm. they pay me in straight cheese blocks. >> how about this one or joe or anyone on the panel who would like to answer this. except you, john. joan why. i don't know why. there is a chance she can do this pivot to being funny and warm and whatever. she has already done it. she can sit with ellen or fallon or seth meyers and those guys and as a deem the crate they will help her appear warm and funny in a way they wouldn't do for a republican. >> if wes vai -- wes craven hadn't died i could have sworn he is writing her screen. >> i think at this point we will have to resort to trues smashing. >> could work. >> she should just hire barrow it and be done with it. donald trump and tom brady. tom, it is kind of -- at this point you have continued to defend both guys. i hey be under the impression there were records. >> no records necessary. >> they were taking

anyone who wants inspiration, go to the high school that ibm is participating in brooklyn where kids -- a collaboration between the public school system, the city colleges of new york, and ibm, you have kids from -- most of them -- parents never went to college, a lot of immigrant kids. they are marching through s.t.e.m. education, preengineering education, they are getting essentially college credits by the time they are sophomores or juniors in high school. they are able to save money because in five years in high school they come out with an associates degree, there then transferring to a four-year university with his credits, or they start to work with ibm because they have been an apprentice. the curriculum design gives them confidence. they will do well because they will be able to get a job. that is something that we are actually looking to try to duplicate all across the country. the good news, as i mentioned at the top, is because of the strong work that arne duncan has done, because of the strong work that a lot of governors and local communities done to increase accountabi

. >> first of all, i want to commend jenny and ibm because you guys have done some terrific work. anybody who wants some inspiration go to the high school that ibm is participating in brooklyn where kids -- a collaboration between the public school system, the city colleges of new york, the kuny system and ibm and you have got kids from, you know, most of them parents never went to college. a lot of them immigrant kids. they are marching through stem education, pre-engineering education. they are getting essentially college credits by the time they're sophomores or juniors in high school. they're able to save money because in five years of high school they come out with an associates degree. they then either are transferring to a four-year university with those credits or they're starting to work with ibm because they've been apprenticing and the curriculum design has given them confidence if they do well, they'll be able to get a job. that is something that we're actually looking to try to duplicate all across the country. the good news as i mentioned at the top is because of the

ibm up appreciably as well. warren buffett is buying more ibm shares now. he expressed interest in ibm when it was in the middle of the free fall in the downdraft about six weeks ago, no doubt it's a subject he's raising with liz claman in the one-on-one interview she's got planning. interesting to point out ibm on word that warren buffett is sniffing around and buying stock is not only propelling that but a lot of other issues that go with that. again chevron the only component that is down in the face of all of these rapid changes. >>> all right, lu heard about the big jobs report that came out last week, the unemployment rate down to 5.1%, played up in the media to set aside the disappointing 173,000 new jobs gained, but when you looked at overall jobs picture, our next guest says it isn't all that great. close to 700,000 jobs really came at a big expense, in other words, lost in the very same month we were crowing about gains. to hadley heath manning on what this means, what are we looking at here? >> the economy is simply not producing enough jobs to a

they say i have a buyer of ibm. yesterday you were a seller of ibm. now the guy says it's up.ook at it. at 146 i'll offer it. that's the way it looks. the futures were down, but now they have ibm not were sale because the futures are up. that's human nature. human nature is frail. and that's why you see such volatility. >> it's a big reason why you've been thinking about the market the way you have been. >> yes. >> we're going to get to the upgrades, and there are a bunch today in a moment. but apple in negative territory. the dow component now down about 18% from the july highs. we mentioned their event is a week from next week, september 9th. we've had tim cook on the tape. we've had word of the new television product. >> all that is against this. you're an institution. you're usually pretty equal or overweight in apple. it's been a good stock. you need to raise capital because of the withdrawals. you can talk about how badly einhorn is doing. a typical institution is getting withdraws because the market has been freightening. they need to raise cash. the easiest way is to s

. >> is it ibm or microsoft. it acts like ibm. i give them the benefit of the doubt. i don't think this quarter was as bad. i think it will hold. but if people lum oracle and ibm together i'm going to be 100% wrong. >>> the fed decision less than 24 hours away. we have the top strategist to tell you where to put your money despite what the fed does. >>> and throwing the number into the casinos and better yet a bet for $1 billion is set. dan will have more on "fast money" straight ahead. ches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. big day? ah, the usual. moved some new cars. hauled a bunch of steel. kept the supermarket shelves stocked. made sure everyone got their latest gadgets. what's up for the next shift? ah, nothing much. just keeping the lights on. (laugh) nice. doing the big things that move an economy. see you tomorrow, mac. see you tomorrow, sam. just another day at norfolk

ibm analytics is working to make education smarter every day. >>> welcome back to "fast." worst start to a september in 13 years. there's a look at the dow heat map and nothing escaped the pain today. everything in the red. the dow of course ending the day lower by 470 points. and that move allows a perfect time for a cnbc special report "markets in turmoil." tonight 7:00 p.m. eastern time. you've got to watch that. jim cramer, brian sullivan, sara eisen. 7:00 p.m. time now for the final trade. what are you watching ahead of tomorrow's big open? tim. >> i'm definitely watching the high momentum nasdaq names because that was where the pain was today. i watched netflix because that to me is the poster child. that traded down to an 85 print on monday of last week. it closed at 105. there's a lot of room for this to fall out of bed. if markets rally it will fall hardest. >> grasso. >> if you're thinking about buying this market on this sell-off, the names you're looking at have to hold today's lows. i am specifically looking at, easy for me to say disney 9915. 99 spot 15. >> b

, ginni rometty became ceo of ibm in late 2012.as been number one on the list for the last couple years. she is doing a big transformation of ibm that involves sacrificing some revenues. she's had many quarters of revenue declines. and mary barra has not had an easy time and not gotten the stock up, but she has done a better job with the stock -- gm stock is doing better than ibm. we look very closely at the stock performance under these leaders. mary barra is in a way, charlie, very sort of a classic female ceo appointment, because the history of big time female ceo's is to take the job when the company is on the brink. it's happened so many times before. it happened when anne mulcahey took over xerox. when he was on the verge of that bankruptcy, and she saved that company. fiorina, who was our first number one on the list in 1998. charlie: when she was head of hewlett-packard. pattie: well, actually, when we put her on the list in 1998, she was in charge of the biggest division at lucent technologies at a time when telecom was re

ibm could be doing that in the u.s. but because it's so much more profitable to bring over workers here. >> i'm glad rob brought that up. there was a study done 50 partnership of the new manner economy that you mentioned a while ago dx you can laugh all you want it's a better study that i've read that you have authored. as many as 231,000 jobs were kept out of the economy. >> i'm going to let that be the final point in this part of the show. i need to take a break. coming up we talk to a tech entrepreneur that is say there aren't enough skills coming up. >> if there was a skills gap we would see wages rising very rapidly. >> and later on. >> my two youngest sons, if asian kids are in the class it's accelerated, the competition is going to be fears. >> i'm sorry fierce. >> the village is in increasing danger. the water is literally coming up around them there's no play to grow. this is a great place to work. not because they have yoga meetings and a juice bar. because they're getting comcast business internet. comcast bu

joining us live from boston is the product strategist at ibm. thank you for joining us. back to school has trended in the last couple of months underlining the trend toward e-commerce and smartphones in particular. >> yeah. definitely. first of all good morning. and based on our analysis via ibm commerce digital analytics we can see this holiday of back to school shopping is a big predik to for what's going to happen later on in the shopping season as we move closer to thanksgiving and christmas and really as you highlighted our analysis shows that overall u.s. retail online sales increase 12% and when we dig deeper in that we can see that mobile online sales increased 42% which is huge. that's amazing and then when we dig even deeper into that we see that mobile is really continuing to emerge as both a venue for browsing and buying which is something that we didn't used to see. we used to see you browse on your smartphone and then you purchase on your tablet but now we're actually seeing increased purchases on the mobile phone. people are more comfortable with using the

watson is a cloud based artificial intelligence developed by ibm. you may remember when watson won the game show jeopardy back in 2011. now watson is able to understand a persons words and the context. ibm developers say watson will help people analyze data and give answers based on evidence. it may even find patterns that may be invisible to humans. watson's new office will be in the south of market district. >>> the epa says it will change the way it tests diesel engine cars following the volkswagen scandal. it loaded software on its diesel cars that allowed them to pass emissions tests in the lab and then switched off when cars were driven on the road. about 500,000 cars in the u.s. have the cheater software. which was uncovered by a team of researchers. the epa says it will do road testing on diesels as well as lab tests. >>> federal reserve chair janet yellen was checked out by medics after having trouble with a speech yesterday. she was toward the end of a long speech when she had to pause a couple of times to collect herself. she did finish h

she is doing a big transformation of ibm that involves sacrificing some revenues. she's had many, many quarters, many quarters of revenue declines. and mary barra has not had an easy time. and not gotten the stock up. but she's done a better job with the stock than-- it is doing better, gm stock is doing better than ibm. and we looked very closely at the stock performance under these leaders. mary barra is in a way, charlie, sort of a classic female c.e.o. appointment because the history of big time female ceos is to take the job when the company's on the brink. it's happened so many t before. it happened when ann mulcahy took over xerox when it was on the merge of bankruptcy. and she saved that company and you know, carly fiorina who was our first number one on the list in 1998. she was head of hewlett packard. will, actually when we put her on the list in 1998, she was in charge. biggest division at lucent technologies at a time when telecom was really hot. and lose ent had just had the -- lucent had just had the biggest ipo in u.s. history at the time, which was

. >> caller: what dunk of ibm?ve you noticed ibm is no longer going down, warren buffet has a big holding in it. i think it's way too satellite sell ibm. 3.6% yield, you know what i think it's getting attractive. marianne in connecticut. marianne! marianne? >> caller: yes. >> you are up. >> caller: i'm calming about aqua america with the changes in the upper management with benedictus, the chairman of the board and the other guy going up the corporate ladder. do you see any likelihood that there is going to any changes? >> not much. i think it's a kind of expensive stock. i prefer a coned at %. either that or i like dominion. >> that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is spored by -- td ameritrade. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anti

hewlett-packard or ibm? >> oh, definitely not hewlett-packard, so by default, go to go toi bm. the game is within in your rules. >> gold star for observing the rules. >> do you want to chime in. >> i wouldn't do either. but if we are playing the game, i am going to hewlett-packard. you have potential catalyst there somewhere. >> i'm the chairwoman. by the rules, hpq. >> what if you aren't playing by the rules? again, meg whitman, 9:00 a.m. with david faber tomorrow. >>> are tesla employees jumping ship. apple is aggressively approaching tesla employees to spearhead the work on the apple car, known as project titan. elon musk has claimed that apple offered them bonus as large $250,000 to leave the automaker. pete. >> it is interesting. i don't doubt they want to do something in the automobile world. i don't think they want their own car. and the chatter is talking about bmw and would they do something with them. that seems like a bigger possibility more and more. and get themselves into a position to finally start competing. we had the walkman and then the ipad. when you talk ab

buffett saying in the third quarter they bought more ibm.this the time 0 to look for deals in the marketplace? >> yes, but with the important qualification, i'm not sounding a bell here that we're off to the races. what i am saying is that this volatility is an opportunity, if you had cash on the sidelines, this is a great time to be buying. and over the last two weeks, this volatility is probably going to continue at least for the next few weeks. if you've got stocks on your watch list, you nibble at them now. you establish a position in them. you can add to them later on. this is going to be a great buying opportunity. >> maybe josh sentiment is starting to get off the schneid. barrons saying stocks could go higher, a note this morning from bank of america, merrill lynch, they cut their s&p target only by 100 points. lee cooperman was on "squawk box" this morning, here's what he said about where he sees opportunity and we'll come back the other side and react. >> we see europe as being a bit more interesting than the united states. we see

the ibm pc had just come out. there was something called the big blue computer company -- big blue, it was a computer hobbyist group. big blue -- something. they met at -- no, it wasn't home brew. it was an ibm pc group, and it met in sunnyville. it had the same flavor as the home brew, but the ibm pc was the new thing on the block. i went to the meeting, captain crunch was wandering around, it was 300 guys in white shirts and pocket protectors. [laughter] and it was guys, you know? and the san jose mercury tech reporter, really a great reporter, she basically interviewed this audience of people like you. and at one point she said how many of you people want to start your own company? and three-quarters of the hands went up. and i went, oh, i get it. i mean, at that point it was very clear that people felt deeply that if they had a good idea, they could start a company, and that was part of the dna of silicon valley. that's really what stuck with me as sort of what separates the valley. i moon, there's other, ther

. >> ibm will open a new san francisco office to grow the watson super computing business. the new office is an example of ibm trying to make a bigger push for the technology that beginned national tax by winning the game show "jeopardy." ibm announced an office focused on data processing technology will be part of the new facility. officials hope start-ups building products with the data technology will be interested in watson. >> samsung will unveil a new silicon valley headquarters in san jose at 1.1 million-square foot complex has been under construction since 2013 and 700 people work at the site and the ten-story building will house 2,000 workers. >> we started to feel the cooling but now we will make a u town. >> we are going to be confused is that what you are saying? >> i will try to straighten it out with a day of fall the day before fall began and now we are back to summertime temperatures in the hills. los gatos is 72 and everyone else in the upper 50s to low 60s and milpitas is 63. lafayette and san pablo, as well. san jose has high clouds over 101 and 880. topp

ibm at 5%, lexmark printers, they're another printing company, their shares at 29% in growth. 29 up.up 11% and h-p was down 45% in shares. when you start to look at her record she claims she has -- >> i don't know about any of that. talking about a different time period. >> over the entire time period. >> between 1999 and 200 arc the shares of most large tech companies were slammed. cisco isn't anywhere near where it used to be. melissa: when you start quoting numbers like that, most of america's eyes glaze over, and what they think of is two wealthy successful business people, funny to see them both duking it out and calling the other a failure. super load, known for business acumen, it seems almost -- chris christie's response of this is a ridiculous and embarrassing argument what he said during the debate is how most of america felt about that. >> well, both candidates exude strength and leadership. carly's record, however you want to dispute it. for every bad point they point out of ceo tenured, there is a point of reference why she made a decision and almost a bad atmosphere in

. >>> and what ibm is doing to vaps artificial intelligence in the only nexium 24hr gives you nexium protection for frequent heartburn all day and all night. try nexium 24hr, the #1 prescribed acid-blocking brand, and get all day, all night protection. nexium level protection. >>> here is a rare sight. a dead whale near fremont. a group of marine biologists were performing a necrops on the mammal. it was not far from dunbarton bridge. >>> witnesses told police say they a woman lurch her mercedes-benz suv onto the sidewalk, nearly crashing into the same 3(gym. >>> palo alto residents are understandably shaken tonight after bed bugs temporarily closed the public library. it hasn't been open for two days now. pest control is trying to get rid of them. >> i'm freaking out. this is theo%֖ last place i expected. >> if patrons have concerns, they can just put them in a plastic bag and bring them back to other libraries that are open. >> there is no reason to believe they travelled in books to other branchs but canines are checking them out just in case. >>> some residents who live near at&

a great pr demo for ibm.ll three of the contestants, the two humans and the robots, had to press a button. you have press then, and you have to do it in a window. you can press into early, or too late. it turns out, because of some statistical algorithms that were built into it, the robot was really good a pressing the button at the right time. it also turns out that level of jeopardy, everybody knows the answer. winning often has to do as much with pushing the button at the right time. not to take away completely from but the watson program is an ambitious artificial intelligence program written ibm as a company has had a back-and-forth relationship with ai. they started doing ai research in the late 1950's and then backed away from it because they didn't want their customers to think of their machines as deposing humans. now they're coming back and trying to position technologies to collaborate with humans. where it gets interesting is as machines develop the ability to understand human speech and to areas

>> well, ibm is really two companies.e both a software company and systems integrator so think censure plus microsoft, and it's hard to understand the dynamics of how it works. they sell to the top 1% companies. their revenue acquisition is very different than a sales force or a workday or even a mic microsoft for that matter. i do think that they are working very hard to focus on some of the more vibrant categories, analytic with watson, and much more on partnerships and industry. we're seeing ibm in the valley much more these days than we have before, and they are a company that always has currency to do acquisitions should they choose to make big and small acquisitions simultaneously. it's a big shift in turn, so it can't turn as fast as others. >> so that was a maybe, i guess? >> that's kind of a maybe. >> and i'd love to talk to you about more issues, hope to have you back soon. thank you very much for being with us today. >> oh, you're welcome, thanks. >>> see, i have my own facts behind that, sort of confirmed what

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i ibm's head of security joins us live to talk about it when "squawk on the street" comes back.starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. if an electric toothbrush was going to clean better than a manual. he said sure... but don't get just any one. get one inspired by dentists. with a round brush head. go pro with oral-b. oral-b's rounded brush head cups your teeth to break up plaque, and rotates to sweep it away. and oral-b delivers a clinically proven superior clean vs. sonicare diamond clean. my mouth feels super clean. oral-b. know you're getting a superior clean. i'm never going back to a manual brush. >>> apple is improving its mobile security by implementing a six-digit pass code for the next iphone operating system. kayla barlow is ibm security vice president, so no more four-digit, it's a six-

president obama: i want to commend ginny and ibm. inspiration gos ibm isigh school that participating in brooklyn where kids -- a collaboration between ,etween -- the public schools city college, and ibm, you have kids from, most parents did not go to college, a lot of immigrant kids. they are marching through stem education, preengineering education, they are getting essentially college credits by the time they are sophomores juniors in high school. they are able to save money of highin five years school, they come out and associates -- with an associates degree. they can work with ibm because they have been in an apprenticeship. the curriculum design has given them congress -- confident. something that we are working to duplicate all across the country. mentioned,ws as i because of the strong work that strongn done come of a work that a lot of governors and local communities have done to increase account ability, creativity, have i -- high expectations for kids, bust through old bureaucratic obstacles, we are seeing the highest rea

but i'm andrew with ibm safer planet. many of you know ibm as america's foundational global technology corporation. some of you may not know how much ibm does to support the intelligence professional. it's a lot more than the cute little e not cons. more recently, you may not be aware of the investment in eia, enterprise insight analysis, creating a solution that can support vital initiatives. ensuring decision advantage for u.s. policymakers and war fighters long into america's future. i know that i speak for all of us when i say that ibm is extremely proud to serve as a premier sponsor of this summit. i ask you to come by and visit us. wasn't this a great congressional panel? yesterday's defense intelligence panel also truly outstanding. and i know our next session will be just as incredible as we take an in-depth look at the state tf homeland intelligence and domestic security. as many of you recall, in the immediate wake of 9/11, ap an intelligence issue is who the united states should create a stand alone intelligenc

he's partnered with ibm and most recently cisco. the pencil and keyboard, of course apple must hope will enable workers to do more work on ipads and perhaps make a case for them to get new ipads and ipad pros instead of pcs running windows 10 which has just launched -- wait. let's go to sue herera for a breaking news -- news check. >> thanks so much, jon. here's your news update this hour. secretary of state john kerry on capitol hill to brief lawmakers on the syrian refugee crisis. he said the u.s. needs to do more to help thousands of migrants and refugees that have left the war-torn regions. >>> the iraqi military releasing videos it says were air strikes on isis targets in western iraq on tuesday. it said the strikes caused heavy losses in men and equipment. iraq received four f-16 fighter jets from the u.s. in july. more are expected to be delivered. >>> luf stanza pilots on strike for a second day, grounding over 1,000 flights and affecting 140,000 passengers. the pay lots are striking over retirement benefits, salary and the

the public school system, the city colleges of new system and ibm. have kids, most of them these parents never went to college, a lot of them immigrant kids. temy are marching through s education, preengineering education, getting college credit by the time they are sophomores or juniors in high school. they are able to save money because in five years in high school they have come out with an associates degree and then are either transferred to a four-year university with those credits or are starting to work with ibm because they had been apprenticing and the curriculum design has given them confidence that if they do well they will get a job. something we are looking to try to duplicate all across the country. , as i mentioned at the top, because of the strong work that arne duncan has done, the strong work that a lot of governors and local communities have done to increase accountability, creativity, have high expectations for kids, bus through some of the old bureaucratic obstacles, we are seeing the highest reading scores, highest math scores,

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you had warren buffett talking about ibm. of the reasons ibm may work in the future because it inked a deal with armh. they are the internet of things. over a billion shifts license their technology. they power qualcomm's snap dragon processor. they are doing very well in this tough market. you can smart to find names that will work. they are trading below their historical pe five-year average. >> the interesting thing is how much retailers are playing leveraged oil etfs. some have bigger trading volume than the blue chip names we talk about here every day. on that note talk about looking around for value here, on the low end of the dow today, to see glencore after everything it's been through, suspending the dividend saying it's got to raise, sell assets, what are people to do with the energy space? >> i think it's too early to get too aggressive. if you look what kevin and steve and i are all saying, there are certain areas that will do better than others. health care is doing extremely well from an earnings standpoint. up

ibm could do na in the u.s. because it's so much more profitable. >> there was a terrific study done by the partnership, the economy that you referenced. that by 971,000 h-1b visas - you can laugh all you want. >> basically out of the u.s. economy, as many as 231,000 jobs. >> i'll let that be the final one. in this part. i need to take a short break. coming up we talk to a tech entrepreneur who says there aren't enough qualified americans to go around. >> we have an acute skills gap. you can't find enough people that have the skills. >> you are playing with the numbers. >> you don't see numbers rising. >> later on. public school, how many kids are in the glass realise that making kids in the class, the computation will be fears. >> it's insane. >> and the first american town wiping off the map by climate change. >> the village is in danger. the water is coming up around them, there's no place to grow. the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging