my focus is in france, it really is. it is huge.i. >> what is he going to do about mario draghi? >> he has come out already to talk about the fiscal side of things. it is going to be very, very interesting. withme sort of way to deal things in the euro area. the french parliament. >> everybody is teething up. >> yes. mood music. not exactly ready for change yet. the german economy is slowing down as well. the low yields already reflection of increased optimism and reforms in these countries is what we are being told. >> yeah, yeah. >> it is going to come in at 0.3%. lower targets. we are aiming policy a germany. it is huge. if i said next week was huge for the ecb, everybody would have laughed me out of the room last week. without the ecb was on hold for the next two months, but everybody has started to change their course. much, guys, thank you very indeed. that wraps up "the pulse." we told you what to watch for the rest of the day. let me tell you what you should be rocking -- watching for the rest of the day. "bloomberg surveill

this is part of the core of what putin's argument is an, and that is what it is good for the economy, and hedgekraine decided to their bet an also have an association agreement with the eu, that is when this started to crumble, it is the core of putin's argument. yes, there is a cultural one, a pen russian one, but also an economic argument. they want to bring ukraine closer to them so they can traded to commerce with them. >> to what extent are people managing down expectations of what might result from this meeting? >> angela merkel was very clear that she did not think there would be much too, out of this. look, the schedule will tell us how quickly to manage down our expectations. if there is no one-on-one meeting, you can manage expectations down. if there is, it is a little sign for optimism. >> on cycles joining us live from minsk, belarus. >> very good. theding lead decoupling in euro of record low rates. what are debts doing to survive? that is next on "bloomberg surveillance." ♪ >> good morning, everyone. we did this twitter thing. where like yeah, no one is interested. we

especially because it is not, you know, it is not like a room of -- there is not a lot going on, it is really you, the camera is on you, the light, i mean it is like, it is very intimidating, and then i got the call to come back again and audition, and it is like what am i going to do? because i have done every voice i can do. so i went back again and i didn't hear anything, and then the season started, so -- >> i didn't get the -- >> rose: when you do a character did do you try get the voice first? >> it is all different. sometimes it is the voice, sometimes you will overhear someone at the grocery store, seeing something funny and you write it down and you somehow like -- yeah or someone in your family or, you know. bill -- yes, because he is so great. he is great when he came here. >> yes. he is one of those people that when you do the table read on wednesday, it is like you get excited when he is going to do something, because you read the character description of like bill walks in as a blah, blah, blah, and, you know, we will start talking just to see what he does with that descr

it is math. it is people trying to make it living. it is like uber.ought they could make money. printing cash. when you reduce infrastructure costs and that is what some of what technology is -- it is not more tech, it is less tech. ec, moneyhac k the s gets made. there are just less people manning this. schwab has 20 compliance officers. robin hood has one. much of the revenue is can it be, it is a much more efficiency is going to come out of this. s moving in, sets moving out. now it is all digital. >> in case of the millennial's, is it, if you build it, they will come? >> oh, if you build it, they will come. that is the beauty. robin hood, to acquire 500,000, it would have cost him $10 million. can't afford a house, but they know it go pro with they know what twitter is. just because they can't afford a house, doesn't mean they shouldn't be able to trade. the front-end venture capital and your huge success -- how does schwab or the others make money anymore with the little guy? i can't figure it out. >> they are going upstream. the 50,000ing to fam

that is what putin is doing. it is very evident that the west is not got onto this.ink it will work. he is banging us over the head with the evidence that the strategy does not work. >> i'm having trouble understanding that -- whether you believe that russia is or that a rogue regime it might always have been a rogue regime. channeling george en. the diplomat. i spent -- >> i spent 14 years in a quaker school. thated to recognize different people need to think in different ways. we cannot project their own sincerity onto the russians. i don't think the russians have always been a rogue regime. it is almost as if vladimir putin has been emboldened by the fact that he has been able to get away with what he did in georgia in 2008 and in the crimea more recently. ultimately, we see a situation where it is almost as if vladimir putin is out of control. >> you are saying it is bad to talk, but a kind of seems like we're talking because there are no better options. what is the alternative? >> i most certainly saying it is not that we shouldn't talk, but we need to recognize

the motivation is still unclear. -- it is aut is is snapshot of where they were at a certain point inime. if you are talking about berkshire hathaway, chances are, they are still in the stock. if you're looking at dan loeb or david einhorn who are more ,imble and tend to trade more they might not even be in a particular stock anymore. they're more active on a daily basis. you see some of the decreases we have in the number of shares about which firms have cut their stakes. comee flipside, you have adding. funds >> it is much more relevant about certain firms buying than others. >> a lot of them are quantitative or algorithmic or computer-driven. >> certainly if they are driven by quantitative strategies, the my be out of it already. gannetticahn's stake in called for activist investing that has not -- has already happened. >> carl icahn is more of an emotional sort of guy when we hear from him. annett just announced it is going to be spinning off its publishing business in a tax-free business. ironically, that is exactly what carl icahn has been going to ask for. he said he was going

is of the problems right now that their plan is complex. it is a group by effort.explain it to the mainstream audience, it is tough. the choice ofake going up against at&t and verizon directly or t-mobile. >> which direction do you go with? he doesn't have the network to compete with verizon yet. there is a lot of buildup to do with the structure that they acquired. this is been going in slow motion during this protracted dance with t-mobile. do you try to compete on price with t-mobile? that is only going to erode your margins and to be a war of attrition between the two. >> there are two things here. one, the network has to go. it will depend on how much he wants to accelerate the network buildout. the jewel of their differentiation is speed. they have been touting that sense 2010. there has been the potential. will they accelerate that? givehey accelerate that to the speed the attention they have been talking about? t-mobile has taken share from sprint. can he stop the bleeding? willf the key points is they do it in the quarter four? it depends. when the iphone

and it would is hugely contentious. is that the kind of voice that labor is looking for?ar of the workers walking out at the market basket grocery stores? >> what is happening with market basket is something that happened in labor in the early 1920's, 30's, and 40's. united, the employees went out for change and what is interesting is that with market basket employees, they are not unionized, they are not organized, and they really brought the company to its knees to a point where at some point market basket is going to have to react pretty soon. they cannot continue to go on the way they are going. no one is in the shops. the ownership is going to have to straighten out what they want done. >> this is in your very fabric. you came from a part of boston with the union was not even a four letter word you read -- word. what is your advice to those employees? >> you've got to stand strong. don't buckle. whenever they find a weakness, they will take advantage. this is not about wages or working, this is about ownership of the company, which is interesting. employees --his the

that is why federal leverage is important. this administration has shows to usehas chosen leverage less frankly on those issues but on other issues that most education leaders think are important. certainly the effort to create common core standards as you note that not store the federal government. the federal government putting leverage behind comes with career ready standards. push to evaluate educators, leaders and teachers more honestly, is a push that most leaders appreciate. the issue of really putting energy in turning around historically low performing schools is a push that most leaders appreciate. but they don't appreciate is the way this push occurred. administrative detail, much more management of innards than is typical. i think it is important as we think about this, the argument is not that in order to get an a, the federal government should abandon those important pieces of work. i think most people would argue it shouldn't. what it should have done, the more careful about not micromanaging the details and get

this is where the euro is trading. it is actually been below 132 in this session.one is a little underwhelming. the us is how business leaders are feeling about the state of things. hans nichols joins us. merkel has been speaking in spain in terms of what to watch. that is an ongoing focus for us. >> especially to see if she reacts to see what is happening in france. she had an interesting comment. needs tod that europe be more coordinated. is a coordinating in additional spending to help boost some of these economies, including germany which had negative growth. there talking about ukraine. they will be meeting in minsk tomorrow. is can there be a substantial peace talks and there is much fighting on the ground. tempered -- merkel tempered expectations. she said do not expect a lot. we will see what comes out of france and whether or not germany is comfortable. they will be lifting a 3% budget cap. >> thank you very much in berlin. speed, bring you up to she is declined to comment on the french government collapse. presidentt that the proposed a bold reforms. she

it is clear, unemployment is too high and inflation is still too low. policy and i think that is been a big factor, helping our economy recover. i would not want to see a citing policy into we made further progress. in hercited two papers speech from the san francisco fed. one on wages suggesting employers could not cut wages a lot during the recession. so now they're making up for it by holding wages down. is that the way you see it? that is the reason we are seeing people not get raises at this point? if so, when does it change? >> i agree with that. basically, you really don't see many wage cuts even during severe recession. the wage data may be a little distorted by that. signs that wages are starting to pick up and move toward something like the 3% to 3.5%. we still have a ways to go. the evidence we have seen does suggest we might start seeing some stronger wage increases as the labor market gets even stronger. i think that is a positive. it means more money in consumer pocketbooks, more spending. one of the things the protesters here are arguing,

75% off. >> that is what is happening. i got an e-mail about a sale, it is only 80% off. >> is this permanent? >> it is permanent and a sense that entrenched shoppers saying i'm not going to overpay for anything. i'm going to check the deals. unless you have something really new and different, i will come. how toilers have learned gain that, they adapt accordingly. who is coming out the best? >> we have a new series of managers running big retail companies. walmart and target, the discounters, are now very focused on the best deals. uniqlo and h&m are in a good place. high-end, luxury brands are struggling. &m --t's stick with h >> cheap and cheerful. >> they are getting traffic. >> it is about young people, middle-aged people, kids. that's the starting point for people. >> is a mix and match going on? >> high-low? >> even the wealthy are saying i am stupid to pay $300 for a white t-shirt. i might as well go to h&m. >> how much? >> some people will pay $300. >> kanye. >> cheaper bowties. >> it was like $7. >> tom, you over

the s&p is up over a quarter. trading is 1941. the nasdaq is up the most.trutting off a disappointing retail sales, showing a slowdown and really putting geopolitical concerns about iraq on the back burner. macy's numbers coming up soft, and looks like discounts have been eating into profit margins. they cut their full-year forecast. today afternging the earnings also disappointed. restarts in the red, overall we are higher. >> live from bloomberg headquarters in new york, this is "market makers." needs therapy. july was the worst month for retail sales in half a year. >> this time, it is personal. cyber thieves have a new target -- you and your mobile device. >> sprint dropped out of bidding, who is the new favorite to acquire t-mobile? >> this is "market makers," 11:00 in new york city. >> happy wednesday. for the newsfeed. the top business stories from around the world. alibaba setting the stage for what may be the biggest ipo in u.s. history. it will kick off a two week, three, roadshow on september 3. the ipo may take place the middle of next month. a

it is a view. is an opinion. the point i'm trying to say it plausible opinion or implausible opinion. it does not have any evidence to back it up. it is miraculous how that fact.n becomes that fact is built on it by other facts. my familying to earlier. i said i'm struck by this. it is interesting to see first all, the israelis are that we are quite certain that hezbollah this unlessve done directed by iran. i'm not saying it is not -- plausible. but then they say we're missiles yout the were sold by the iranians to hezbollah. that.ght have evidence of the next stage ask is to say, the iranians were sitting in lebanon firing the missiles. now you're building on this and andare saying it gets more more incredible. you are building on something that people have more accepted plausible to build on this. iranians can do this just as well. thatrd wonderful stories the americans are doing. when there is nobody to challenge what is going on, this how it builds. the other thing they do is, say it is an they assault on is

a cargo hold being shipped across the world, that is what is at stake and that is what the problem isexample, some of these tests, a simple, common battery we might use was heated in a online shipping container. it did not burn. it exploded, and it caused a lot of smoke. beenis with the faa has testing. nonrechargeable batteries have been banned on passenger flights since 2004 because when they burn they actually produce their own oxygen. there is no way to put out that fire. rechargeable batteries have a better chance of being put out. it can be very hard to put out the fire. >> when is something like this really going to happen? >> there have been two cases were cargo planes have been brought down by fires. planes in 2010, a cargo caught fire. --asia and a airlines flight ag on my airlines flight crashed in 2007. it was brought down by fire. lithium batteries, when exposed do well.they do not >> it could be the impact and then the explosion. >> they were caught on fire as the plane went down. the plane was brought down by a fire pit we do not know the lithium battery caused the fire

is it because she is a woman?o see no, i would love a woman president, i just don't think that hillary is the one. is from "theadline daily beast." lawmakers criticism of his syria policy is ho rseshit." host: it goes on to say -- host: so, this was in a meeting before the interview that hillary clinton did with the atlantic andriy for president obama did his interview on friday with thomas friedman. so, that on "the daily beast," website. is a headline from reuters this morning out of australia. host: we are getting your thoughts on the president's criticism -- on hillary clinton's criticism of the president. what do you think? what about her friend who said don't publish the book until i die and said that she was ruthless? talk to sean smith's mother. how many chances would you give someone who already killed one of your children and let them who would even consider that -- not our news media talking about you, but fox, msnbc, they push the people we have now. if you want to know what i think -- and i don't care

this is really cool. >> yes, it is. and aside from the beautiful facility, some questions will be answered today and i think maybe one of the concerns is blaine gabbert, because he did not have a lot of success last week and i think the 49ers want to find out what is going on with him. the real battle may be at back up quarterback for the 49ers. blaine gabbert is list -z as second string. but chuck john i don't know was great on--johnson was great on thursday, completed 75% of his passes and gabbert, only 25% but he played against the first team defense. what does gabbert have to do today? >> he tuesday play better football. if he wants to be here next week, he has to play better football. he has not done enough in his career to be that guy. and johnson played great. and if gabbert does a good job today, we hold onto that position. >> yes, gabbert is a player who did not reach expectations when he was drafted. and now the 49ers say something in him. he has looked much better in practice than in his first football game.

is that right? >> that is exactly right. couldindependent hotels previously only market through traditional travel agents through a limited segment. they don't have brand budgets to invest in. when they come into our system they are instantly been marketed to consumers, over 60 million consumers in 50 different countries. content ate their substantial costs. we make sure the pictures are right. customer reviews are coming in. they instantly have exposure to the global audience. now it is possible with our kind of technology coming forward. talked about technology and investments paying off. your margins are declining pretty heavily. what is going on there? we arehink that what trying to push his top line growth. --expect operating saw operating margins to come down. our investment in sales and marketing -- if you look at our business for the first half of the year we -- 4.5.53 lien dollars million dollars in the bigger week -- dollars. keep thes we can topline growing, as long as we can keep investing in a brand, and our pro

and the game that he is going with is a long-term game. he is getting into the issue. the prime minister has embraced the issue but on a limited scale. japan is looking at migration and foreign workers on a partial level to increase the activity of women and the elderly in the workforce. >> what more does the japanese government have to say about this? >> well, it's something that he has spoken on before. it's part of the broader economic plan. you got to remember that japan's unemployment rate is below 4%. the labor market is as tight as it has been since 1992. the main thrust is to increase the management positions of women in the workforce rather than opening the doors to oversees workers. >> the whole women issue is part of our economics. what about the immigrant issues, is that playing any role here? >> it's still quite limited and has come up every now and then in the ruling party. it's being discussed but japan still has this consciousness of a and not opening its doors wide and taking small steps but the dilemma is how you did he fleet inflation. a step that is

that is a very good point, which is why standard chartered says yes, it is working. growth in thesee next two or three or four years, growth will have to come from reforms. monetary policy is perhaps not what it used to be. >> just look at the data we have been getting out of china. saturday, came out with inflation figures. >> i mean, it has worked for them. yes, there is more room to eat for the central bank. still well below the target for the ceiling of 3.5% for the year. where had to single out the most inflationary pressure is coming from, here is the breakdown. it is actually food inflation where we are seeing the most inflation. if you strip out food and energy , they basically rose just 1.7%. can people live without food and energy? producer prices down again. declinesly streak of to march of 2012. >> thank you for that. there is one market close today. it is a public holiday in thailand. so no trading in bangkok today. let's check in on the markets that are trading this morning. let's head over to new zealand right now. it is .3% higher. holding at $.84. we

it is idea that the world is better.ement is the idea they can change the world in some way. it doesn't have to be nobler than now. it can be something making it a goal to engage -- people to engage. emirates wants people to make the world a smaller place. >> thank you for spending time at me. the author of the book uprising and the brand of culture movements. he is the chief executive and founder of strawberry. it has been 10 years, a decade since google went public. bloomberg west has a look at how google grew into the technology giant it is today. that is coming up at 6:00 eastern. coming up, i was big to the creator of one of new york city's most exclusive all access black cards. we will get you into the clubs and restaurants. ♪ >> this is taking stock on bloomberg. a specialgrants access to new york special clubs and event and it is 25-30-year-old targeting of the bracket. the founder and this chief executive is here now. thank you for being here. what is your company? >> it is a card but it is more than that. entre

that is why what is going on now is economically based. lot of the corruption in the last decade or two has been due to the relationship between russia and ukrainian leaders and what they skim off from oil and gas deals. i am talking about ukrainian leaders, you know, -- >> after they had their revolution. >> they compete with each other in corruption. >> unbelievable. >> those in eastern ukraine where they had the crash. >> correct >> they spoke russian, speak russian. >> ukrainian >> i think but tin wants to make this much -- putin wants to make this much more into a cultural issue. a lot of it was the struggle between the eu wanting to get involved with ukraine and there came the clash and it came to a flash point in winter. >> while you are there you talked to a lot of people who know him well what did they say about him today >> i would caution you to say anyone who says they know putin well is usually exaggerating the relationship. >> he simply -- >> it is -- of all the places you can think of, i can't think of many more country that

that is why things like the minimum wage is all for it -- is so important. is there something, mr. president could do on its own? is there some sort of executive action he would be willing to take to add more jobs? >> he has taken a series of executive steps that are designed to help middle-class families to grow the economy. he is doing tot make college affordable. that helps to put more money in people's pockets. the minimum wage executive order. we are about to do a leg got overtime. if someone was a manager, that meant they were middle-class. for so many people today, you're a manager and on food stamps. >> i think no one would argue with the idea that we need to increase middle-income jobs, and jobs all around. it seems like some of those actions are working. outmberg had a story yesterday that said that middle income jobs are out raising overall job growth, they're up 3% so far this year. maybe nothing more needs to be done. >> i think there is more that can be done and needs to be done. if you look at what the president has been doing in manufacturing, that is an example of

this is incredibly close. is one of many races that is going to be decided by women voters. is atnder gap in kentucky 18 points. that is an incredible number since the electorate of kentucky is 53% women. mcconnell has an uphill battle here. we think that we will make a huge change by sending allison grimes to the u.s. senate. are notbout a race you involved in. that is in colorado. ite than any other state, seems like some of those core issues like abortion and contraception seem to be particularly big issues there. mark udall is making a big deal about cory gardner's support. why is this plane bigger in colorado and not so much in so the other states you mentioned earlier. >> i think what you have in colorado -- i grew up in montana so i came up with that western mentality with a good libertarian bent. what you are seeing with senator mark udall is a clear contrast on women's health care. it is a very clear contrast. if this is notn played in north carolina or georgia or kentucky? it is in different ways. further on access to birth control and limiting access to birth cont

that is what it is and that is what counts. grades.tter and perhaps on social immediate where you would like to take like tomedia you would take the time to grade the congressional delegation. with stephanie who is manning the web center to tell us what people are asking on facebook and twitter and hawaii news.com. >> pretty busy. we are been getting a number of questions, and even comments candidates. and for the candidates. here is a question from our e-mail.ews now the crisiswould consider the crisis in gaza escalating what is your position involvement in the region militarily and montori tarely u.s. aid to israel is billions. the response first to nascar schatz. quickly.s escalate is a ground invasion of the israeli forces i forces in gaza and right to israel has a defend itself. we hope it is limite limited ine and time. hope their objectives to shut down the tunnels which were the conduits through which materials properties were transported and if it is narrow and time limited, then that scenario.he best case it is not in

gwen: it is like foreign policy whack a mole. if it is not israel, it is afghanistan. if it is not ukraine, it is russia. tonight a return to military action in iraq. old disputes and new dilemmas for the u.s. tonight on "washington week." >> earlier this week one iraqi in the area cried to the world there is no one coming to help. well, today america is coming to help. gwen: but the center won't hold. in iraq a war thought over springs back to life. >> when we have the unique capabilities to help avert a massacre i believe the waits of united states of america cannot turn a blind eye. >> and. gwen: and in israel and gaza another seize fire gives way. >> the suffering in georgia standings andgaza mustend. gwen: america, always the man in the middle, whether americans like it or not. covering the week, michael crawly chief foreign affairs correspondent for time magazine. doyle mcmanus, columnist for the los angeles times. amy walter and nancy youcef. award winning reporting and analysis. covering history as it happens live from our nation's capital this is "washington w

it is not a matter of color. it is ideology. i believe she is progressive. >> remi you said if you see a black person you cross to the other side of the street. that first of all shocked me and shame on you. i assume you are using this app, won't you? >> you just like greg are off of my conversation list in the green room. i don't talk to any of them in the green room. that's a good question of who will use this app. is it meant for single women walking home from work? elderly people? minorities? it has the possibility of ultimately becoming a racist tool that can be dapping -- dangerous, but i don't know who the audience is. >> who is the audience for this? >> it is probably people who have never been in sketchy areas or who have never taken the subway. this subway is sketchy. and fear is subjective. everyone has a different opinion of what is fearful and what is sketchy. they will have a difficult time filtering through the comments to weed out these discrime discriminatory remarks they say they won't stand for. and the app it

is viral. it is being passed along constantly from one reader to another. it is being shared.lop -- dependent on their own website. it is really the sharing. >> so much comes from social media. it used to come from search, and it still does, but a lot of it comes from social media. "the new york times" admits it itself. >> it is the game changer. >> stephan paternot, when andreessen horowitz put in the $50 million and made the announcement, they said buzz feed was a media company that is primarily a technology company. what is your reaction to that? was-- buzzfeed has mastered traffic building. they have turned what was an art into a science. they fully understand technology and the paradigm shift of how to leverage that for media. they are going from being a really powerful click-eight company, to actually never said fine and offering longform news items. andreessen horowitz -- these are long-term investors, and they have plans to diversify and supplant traditional media companies. >> i want to read for you a quote from a partner at andreessen horowitz who said -- isedin the

hurt them, that is what is so scare bewhat is going on today, a rule of man not the rule of law, our argument is simple. we should treat everyone just like everyone else. john: clear fi, that rule of man versus rule of law? a lot of people say i would like someone to make a judgment, that rule of man sounds adjust inthan rulableablethan rule of law. >> 2 words, lois lerner. >> our letters were signed by lois lerner and -- >> a lot of americans want anonymous bureaucrats to act because some people want to kill us. so the nsa, gathers data and says it is protects us from terrorists. what is your problem with that? >> lindsey graham said this is fine because he said that if you do nothing wrong, have you nothing to hide. john: this is the republican senator from south carolina. >> sort of a republican, yes. john: if you do nothing wrong you have nothing hide, a lot woupl agree would agree. >> they have targeted every single american-made a phone call since 2006, they have your data your stuff, we know that nsa is just like the irs, they are not useing it to protect us, they are iceing i

that is what is coming up.ident obama's time in office makes nixon's time in office look good. robin williams. look at this. "mrs. doubtfire." ♪ stuart: responding to requests. five irs technology officials. they said everything they could to recover data from lois learners destroyed hard drive. nothing from the drive could be saved. far from satisfied with this. calling it a joke. now what? >> finding potential. the hard drive since has been recyclable. do you get the federal agencies that lois lerner created. stuart: the e-mails were sent out from not hard drive. they were on somebody else's server. >> that idea has been out there. that is where the push you would think would be. i want to find out what happened with the last president. >> i am not satisfied. stuart: why don't we get it. our next guest says yes. liberals are silent as obama shreds the constitution. nixon's secret. that is the name of the book. that is the book on the screen. trying to calm down after the irs scandal. he only talked about it.

the volume is not rising. that is the issue. companies have a lot to do themselves a turnaround situation. to push his as circle and try to improve the structural- the environment for this company so they can compete better on the global stage. thanks for joining us. let's get the latest on the markets right now, zeb eckert is checking the numbers. >> in this monday session, japan is the best. and the nikkeiix 225 advancing. there is reports that the government pension investment fund, the main government pension fund, has removed a cap on local stock investments. meaning it will invest on domestic equities and that is also giving a downside on the japanese yen. shares advancing despite the 68% drop in the most recent quarter. -- thetracking one shares are down. the automakers are advancing. we see toyota, nissan and honda are all higher. attracting -- we are also tracking the airlines today. skymark, more headwinds for that company. it announced it would be pulling out of narita airport. make a news reporting that it 86l abando

it is funny. >> it is funny and real. >> you don't think he is putting that on?> i think he is probably more on edge. he has this room mate who scares him. >> i can watch this all day. >> it is real and i really think he needs to get a new room mate if it bothers him. >> i think it is fake. anybody can do that. >> watch this one. >> that is fake. >> this is real. >> maybe you guys convinced me. it is harder than it looks. >> one more. >> can't do it. [ laughter ] >>> it's videos like this that make me wish that sometimes videos themselves were edible. this video tells me this chocolate flower stuffed with a strawberry. >> anytime you have strawberries and chocolate together i'm down. >> got a ring on and the ring is probably not clean. how long has he been wearing that ring? >> the good thing is you are not eating that rose. >> nor would i. >> if you wanted to make the rose and eat it yourself with your clean hands then you could do that. so once you get past the ring you start rolling the little balls of chocolate until you create the petals. you clean up the st

the thing is it is adults. it is the adults that are so upset that she is a personified cat. adults should not be liking this. isn't this a cartoon for kids? >> andy rut -- rut expert here. >> basic aly it is a cat-human hybrid. the idea that children are being exposed to the foul, godless immoral creature is absolutely disgusting and should be banned and its creators should be -- something bad should happen that i won't say on air. >> i suspect and it pains me that you are being sarcastic, but i agree with everything you said. >> the luckiest part of the whole story is i escaped the hello kitty phrase. my daughter never, ever wanted it and i never had to buy any of it. but alongside of that knowing how i feel about cats, it is capitalism. as long as you are making money and not hurting me or taking from me, hello kitty. >> would you punch hello kitty? >> i would punch the crap out of it. if it is a cat it would hit back. >> i had a goodbye ferret and he basically -- it it was a ferret you would take to bed. you would wake up and he would be gone. >> he would be there, but a

what is interesting is there is no lull in finding what we are finding. there are breaches all of the time. [indiscernible] we continue to find more and more exposures. that's a big theme. we are not doing enough to protect privacy and health. there's a lot of concern over conference we're not doing enough to protect people. >> what about safety? we were talking about planes. that's been a big talk at the conference. there was one shocking presentation. are you saying anyone with these skills and will could take down a plane midair? >> we did not go as far but being able to manipulate communication can cause a lot of issues. coordinates can cause major issues. probably from legal implications but it looks like they can do things to make a plane divert. just by looking at the in-flight wi-fi system, other things you can take control of that are core to the operations, that is what we need to start looking at and holding these companies liable. >> i do not know, cory. things look scary to me. >> it is scary. in terms of mobile, if more places we see, we see

it is not about that, but it is a process so long to ajude kate someone's status and the reason it is so much cost in ohio is because they are picked up on simple charges that wouldn't require a lot of jail time, but it takes months and months and months to ajude kate them, and that is on the u.s. congress and the president for not deal twimg graduation system. >> and have you seen the charges of what these illegal immigrants have done in ohio. this is serious crimes. >> and with that list, you will see a lot of people who are picked up on simple charges, and it is not to say that they should be let free, and once they are picked up, they have to go through a very long torturous process that is made up as they go al loong and that cost money >> and shouldn't bit a process? here is what i just wondered, do we need that much cheap labor in this cup ountry. this is a poor people who need to work and i understand that as did my migrant parents, but in this economy we need a certain amount of manual labor, but it is not the industrial revolution. >> well, we seem to be apologizing for our

there is a code of liability there, and that is what it is about. and it is 43 unique cases, and it is not small business, but a fear of employees being able to express their rights by forming unions, and that is the basis of this argument is, and i think that going forward we have seen in the past that unionization does not cause job less. the president just said that yesterday we have had now six quarterers in a row of over 200,000 per quarter employment growth which has not happened since 1997, so i agree that we need to keep to see it, but it is not going to hurt it. >> and can you imagine that the i'm going to go to mcdonald's, and trip and fall and sue the corporation, because you can. >> look, this is all about the unions. this is about more challenges, more power, and as john said, it is not about going after the mom and pop, but it is going after the big mothership, and it is also about getting higher wages, and just taking over, and that is a huge, huge problem. everything that unions get their hands into, business does not do well. look a

>> was volatility the way it is, there is upside. buying to protect a the downside, but people call to the upside pretty much across the. >> board>> how expensive is protection? >> you look at the vix and it is highng in the mid-11's, 11's. as a longer-term play, meaning two or three months out because that is actually protection against an entire portfolio. in two orvix rises three months, that means there will be a bit of pressure in the overall market. it is a great hedge against the overall market. >> do you see any of that happening right now. >> you look at the open interest in the september/october expiration, you are looking at strikes from 15 to 20. massive open interest, lots of call buying. >> lots of call buying is the theme right now. this morning, the u.s. attorney general announced a record $16.7 billion settlement with bank of america over faulty mortgage sales. what kind of activity do you see on be of a options -- on b of a options. >> it is quiet. very little reaction. over the long haul, that number is eclipsing n

this is a news channel that is more the news.is a community where we will be able to share ideas. we will be able to discuss the issues of the day and find solutions. are you tired of the media filters? i am. we are going to do something about. >> it launched this week with memberships starting at just under $10 a month. it was backed by tapp, a online media venture. i spoke to the founders. i started by asking them what exactly we are going to see on the sarah palin channel? >> we are going to see a lot of material broadcast from her home where we have cameras planted all over the place. we have mobile cameras so she can shoot on the fly. she is going to be posting material every day. there is going to be a range of her commentary on events of the day. she is going to throw ideas to start conversations. she is going to show behind the scenes footage of their lives up there. she is going to be responding to material that her members post to the channel. she has issued an invitation to members to put their own videos and ask their

he is worse than lex luther. >> yes, he is. >> lex luther is very misunderstood. >> there it is. >> and he invented a lot of good things for society. >> all right. they want you dead and women toed with. isis, the terror group and not one of the saturday morning shows, is attempting to woo western women to becoming their whiffs -- wives via the internet. by creating content targeting female jihady supporters they are able to assist western women in traveling to syria to marry the jihady fighters. blog posts urge others to join them. they gloss over the parts of radical islam saying things like women give birth to the mu huh jaw dean. did i say that right? and they are the ones who raise them and teach them. and women are so special that allah has given them entire chapter in the koran. the terror group has started a video dating service. here is one of the men talking about his hobbies. >> he probably has a good heart. it is not all about looks, dana. i will go to you first. you are not an old maid yet. are you branching out your husband prospects to include members of isis? >> i am all

i started by asking jean, is bigger indeed better? >> it is. it is needed. ipad sales have been down 5% for the past year. bigger is better. ultimately it is going to open up some new-use cases for ipads that we haven't thought of, whether it is business or education. it is much needed. it has been a little bit slow on the innovation curve on the ipad. i think it will be positive for sales. >> what kind of use cases do you see? >> you could argue medical, design, manufacturing. this deal with apple which was inked about two months ago said they were going to come up with 100 applications working in combination. right now the simple answer is we don't fully know but there are clearly benefits to bigger screens and they will be filling that gap. >> what does this mean for growth margins, a much bigger machine like this with much larger screen size? >> it is probably negative in ipad's case. they tend to have lower growth margins at a starting point. about 25% versus an iphone about 50%. this will probably be slightly negative for overall gross margins. the exa

this is not what diplomacy is made of. frankly, this is how colonialism operates. it is not how diplomacy works and peacemaking works. you make peace with a group as it is. palestinians as such. the notion that we could make peace with one group of palestinians and support war against another group was never going to work. and that has now played out. it was going to drive hamas into the peace camp or drive mahmoud abbas into hamas' position. >> weren't there some who saw the reconciliation agreement, to some extent, hamas joining abbas in a weaker position. where do the to sit today, what is the power differential? how can abbas keep the upper hand? >> hamas went into this very much out of the junior partner which is unlike where we were years ago. they come out of this as equal partners, at least. one of the positives, probably the only positive out of this is the motivation of palestinian unity. in fact, you have a unified palestinian leadership negotiating in cairo. as a practical matter, not a matter of show or expediency. it is a practical matter. hamas needs

broken that is not how it is supposed to be. let's fix it. god bless. [applause] >> thank you. sometimes john says i.m. his mentor but i learn more from him but he said you are my black brother per bryce said i am too old to be your brother i am your white and uncle. [laughter] or your dad or something but i learn a lot more from him. working on poverty i did not realize that about 25 years we're not making any progress. talk about malaria in africa or, down 1.5 million muslims and all these real problems everything we do just does not work with whites or hispanics but it stays that 15 percent but you have to be open to the fact that all of the solutions just doesn't work it is an awful summation that is now working but you wonder if we have all the little kids wrong my biggest take away from jon's book is much of this comes from your study of martin luther king i think i admire it is the language of money. kids want money. if it is 10 years from now and you are so rich you cannot believe that how did i ever get to this place in

it is not just egypt. you understand. it is egypt, it is saudi arabia. cutter is the financeier of israel. >> does benjamin netanyahu save face with a benign intrusion of egypt? >> of course. he went against the radicals in that part of the world. and they are much close tore where we are. they are much closer to where egypt is. >> quickly. five seconds. >> egypt is very antihamas as is most of the countries you have mentioned. hamas is isolated. but at some point, their concerns are going to have to be dealt with. only two countries deal with them. cutter and turkey and kerry has to open up lines to them or you can't speak to hamas. he is doing the right thing as a fair minded diplomat. >> he doesn't understand the new realities of the middle east. >> this is true. but i think he is a quick learner. >> issue three, break out the champagne. >> good news. from the commerce department. commerce reported this week that second quarter gdp, gross domestic product growth from april to june was 4%. up from the dismal 2.1% contraction in the first quarter that w

this is what is so interesting. the reason we are seeing such a stock reaction in iliad and its , we understand that maybe because there are so many regulatory hurdles for sprint, because it would take four players in the u.s. down to just three, it would take them a year at least to weave its way around this regulations. maybe this makes the iliad deal that much more enticing to t-mobile. how much does deutsche telekom want rid of its u.s. arm? would it be willing to take $15 billion in cash? also, it is not the only thing iliad is offering. they say, savings, we will have $10 billion of savings. we will share them. therefore the rest of the stake that it won't buy in t-mobile u.s., about 45%, would be valued much more. >> you are pretty good at this. he knows how to go after aggressively competitors and you see that. real disruption. it is interesting that the merger boys are taking it seriously. >> they might well follow through. what is also interesting is how similar the two mavericks are. they are not too diss

you is that there is no unanimity. the validity of the 13f as a trading strategy. [laughter] 6 is going to be the next big accelerator for the stock, says matt mccormick. are you waiting with baited breath? >> i know a lot of people who want a larger screen iphone. i'm waiting with bated breath because i do think it is going to be the mother of all refresh cycles for iphone users. 's and why about 13 f they are important. you can place trading strategies if you look at some of the long-short equity managers who are buying tore the net long. you can draw the assumption that you are in these stocks for a while. you have to do your research and you have to look at stock price. but you can build a stock price using some of this information and eliminate or avoid the fee you would have to pay if you could invest like these fun shed -- hedge fund managers. justere are funds that follow these 13 f filings. >> there are. what is more important is the hedge fund manager himself. has a $4 billion hedge fund, mostly inequities, a

s and so, yeah, that is the one option, if it is, and every carrier is that way, if it is not urgent, they have to choose, whether to use the emergency, and there are other tools and things like the nurse line can help to determine, if it is necessary, to go to er. and those resources are also on my uhc.com. because they can actually talk for a nurse, 24/7 and tell them what the symptoms are. >> and then, in another one, the pediatric medical, that is not a urgent care center. >> this just a sample, this was for the urgent care. >> i want specifically urgent care on here. >> yeah. >> i am not interested in the emergency room. >> right. >> okay. >> so these two are not, urgent cares? >> i don't know, is uc on here? >> this is just a sample that we pulled. and this is just a sample. >> well,... >> this goes, all the way as i can see to wvw, san francisco as only a few. but, and what i can tell, that it and when they call, and i personally called, the number. >> okay. >> so that i gave her and she wanted my zip code and i gave it to her and the closest that she could find was south, san

that is why data like this is more specific to what is happening in a community, albeit states, is reallymportant. that is why i am glad to see bea doing this. right now, we have had a lot of variation in the way the u.s. economy has been performing this year alone. we have had a retrenchment in the first three month of the are, and in the most recent order, the economy seems to be performing very well. a lot of the performance in the first quarter was thought to be because of bad weather across the country. things will be interesting down the line we have an opportunity to see what was happening in the states during the winter and the recovery and essentially beaver sergeants in the second quarter is really going to be fascinating. you were talking about health care spending -- this is one of the key there is as to why the first quarter did not quite turn out to what we initially thought was because health care spending was something we are still trying to get our arms around on a national basis, what is actually happening out there. host: like we said, we want to hear our viewers' on th

that is why there is backlash against you. >> it is a very powerful drug.ention of vaporizers, we see a very large increase in nicotine products. what that suggests is these products are helping to produce a mechanism which allows people to have the same that they do in nicotine. >> you get off that. you get off the nicotine and go to a vaporizer with zero nicotine. that is your train of progression. >> again, we do not make claims. more people are using these products. stuart: do you think that they will succeed in banning you entirely? >> no. they try to come up with appropriate and promotional reasons. stuart: i am sorry. i am out of time. thank you for joining us. stuart: sorry so short. we have the president coming up. new at noon. once on a tour says corporate america has content for americans. ambassador john bolton. what does the president want to hear. the second hour is two minutes away. ♪ friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn