is it the tourist? is it the businessman? what do you think is going to work? it is a great brand.l. >> i think you'll get a bit of expats. extra love. tourism always works. main focus will be on the locals. i think the culture that we have and we have obviously multiple sites . the culture is the only thing that you have. there is only one of me. tapping into neighborhoods. making it a reliable neighborhood place to eat and also with the way we structure it per head is very affordable. when you walk in, there is fresh pasta and bread getting made every day. you get those values. i think that challenge will always be the locals, always. >> where do we go, if i say ok, this is hong kong. i've always had this very individual hallmark. is this the first footprint on a bigger china venture or another step in the expansion of jamie? >> it is just growing, it is not the sexiest thing in the world. it is a headache. choosing the right partners and growing at the right space very important. certainly for myself, there ain't no points for rolling out 10 crappy restaurants, you know? we do o

this is the thor you know and this is what thor is to become in october. thor is getting a remake.ought of him as a great warrior with a hammer and a man. will transform into a woman's body. there is some debate about whether he should become thora. there is a late actress who was popular who was thora. people thought that this was inappropriate. one of these androgynous names and that is what it is going to be. some axt to see wielding by more females. >> i am not going to dress up. if you want to understand -- when you own a newspaper why not announce what it is you're hoping to do? this is rupert murdoch, 83. obviously changing up the guard within his structure but the big news is it was announced yesterday that they had been in about a time warner possible merger with fox. >> they claim they are fair and -- >> cnn would be sold off. >> there are many suitors out there. >> anybody who does not know the that rupert murdoch owns the paper that has the front page story. the front page. >> they may consider raising the bid. go as high asld 520. this is the daily telegraph. we have t

new york is different. what is valued by our company is too. the reason why people love lyft and what it is because we bring these people in the car and say hey, be nice to each other. treat each other with respect. you might be delighted with the conversation that happens. the suggestion of a fist bump is an artifact of that. here is a way to break the ice and connect with this other person. what it has allowed us to do in every city that we have been in across the country, we would bring a driver who normally would not be doing this. they do at five to 10 hours a week, but they're out there having a good time and enjoying themselves because you're being treated with respect. on the passenger side, your delighted by a much better driving experience. >> what if you don't want to do the fist bump? do you have to? >> no. you can politely decline. >> uber has been cutting prices aggressively. now you're about the same price in new york. what differentiates you from uber? why should i take the risk when new york city said officials don't want you t

>> it is really not a city that is under siege.e is a curfew at midnight which is nothing new to residents of baghdad. life is going on as usual. people are doing business. everything is carrying on his formal. security -- everything is carrying on as normal. security is a little tighter. otherwise my things are going just as they were. the only difference is in certain areas where there is a mixed sectarian presence. we have increased reports of violence. >> does maliki look determined to stay in power? you get the sense that there is no solution with malki remaining as prime minister. >> maliki is more than determined to stay in power. he is fiercely sticking to his position which is that he got a plurality in the april 30 elections and it is his electoral right to remain in the prime minister position. he is not going to be budging. we see the sandwich in his coalition and these are the groups that propelled him to political power. he might start to defy as people step away. we might find he will start to budge himself. >> the p

it is up .4%. the ring is rising as well -- the ringgit is rising as well. hong kong, shanghai, and the csi 300 all in mixed territory on what is an up for the msci asia-pacific. >> food safety is back under the spotlight in china. this comes as some of the largest fast food chains are halting orders from a local supplier. this is a shanghai supplier. >> it is a shanghai supplier. companies. by u.s. there was a local report in china from dragon tv. you had reporters going into the factories finding evidence, they say, of basically the workers repackaging some of the chicken and meat. >> as in meet that is supposed to be in the food supply chain? >> meat that was expired and they changed the date to make it something that is still of a valid shelflife. fda requested [indiscernible] yum have been asked to stop orders in the meantime and the company has been put on suspension. they said that we have very strict quality control systems and we are cooperating with the investigation. let's turn to rupert murdoch's bid for time warner. the bid by 20 century fox was

>> that is a debate about the welfare state is it is not a debate about this. if you want to have a debate about the cost of immigrants to public education -- i did this answers the question. stuart: i asked a personal question. you pay federal income taxes. are you prepared for your federal income tax money to go to pay for these people coming across the border? >> to take care of the humanitarian disaster? most americans -- >> health and welfare and food -- >> you're talking public-sector programs. that is a separate issue. you are talking about the cost of public education. obamacare, if you want to talk about that, talk about that costs. bring in immigrants who are productive and want to work and still open jobs we have right now agriculture, hospitality, construction on the low end and i t and engineering on the high end? we need these people. stuart: we see you. you going to stick around for the hour. let's get to the market. sox are bouncing back just all little. this is not a heavy duty bounce back, up 39, 40 points, $69.46. similar story with the s&p 5

who is next and who is left? >> the mortgage-backed securities once have extracted the largest one today. jpmorgan chase was $13 billion last year. citigroup had 7 billion today. bank of america is expected to be $13 billion and $17 billion for potentially selling securities back into the market. >> was that linked to their acquisition of countrywide? >> bank of america is going to be larger because the acquisition of merrill and acquisition of country ride that countrywide which makes their exposure to the mortgage-backed securities much larger. we have other banks that are facing different types of fines and settlements and sanctions that are basically run under a full spectrum of regulatory infractions. >> the security industry associations and financial markets association is calling or stock market reform. it has recommendations on how to go about this. sifma represents 400,000 banks and asset members. i want to go to washington with the chief executive and president, ken bentsen, joins us now. tells about t

the reason we think this is a political stunt is because it is. john boehner when george w. bush was rolling out medicare part d, ended the same exact thing, to delay certain provisions of the law. did not change the law, but instead changing the way in which it is implemented. where was john boehner in calling for a check on a decorative power? bill: let's deal with today for now. you are arguing the court does not want to read too much into it, but they did a month ago. >> they're doing it less and less. there is a legitimate challenge and a legitimate concern over the growing power of the executive power. i think the way to put a check on it is democratically passing legislation which is what the congress is good at instead of taking the court, rember this is a part of that is against court reform and has villain iced trial lawyers and now they're going to solve all the problems in the country with a lawsuit? >> you said let's do it the old democratidemocratically and pass legislation. the president is ignoring legislation. ignoring the law. >>

what he is doing is a great thing. for us, it is an interesting trade-off.lley, they started venture capital. there have been two generations of companies where in new york there has been one. it started about 20 years ago. people in europe did not understand equity, risk, and the excitement of startups -- people in new york did not understand equity, risk, and the excitement of startups. now they do. we are at about 60%. we don't have the funding of silicon valley. silicon valley is a company town like detroit was. new york is diversified so you will not run into somebody at a cocktail party and say my kid is looking for a job as easily as in san francisco. we are a fashion company. you have to be in new york. new york is a great place. it is the best place to be. as we start to educate the next ineration, the 10-year-olds, 10 years, they will be great programmers. in the next three or four years, we are in trouble. you can teach yourself. we have three. i used to interview people and ask when they wrote their first line of code. i thought they had to say 1

and there is a company that is in argentina.tina loses the entire value of an argentinian peso every three or four years due to inflation. a company is solvent of that and another in africa that is doing the same kind of thing. in mexico, a lot of interesting companies that are really trying to transform the emerging economies. >> do we need it -- you mention one company, but do we need a more big companies like amazon, like starbucks to accept bitcoins to enable it to survive as a currency? >> in east fact, through snap card, you can go to amazon and buy things through amazon. it is already happening. there are many companies making it -- make it a press announcement, i have a notice of three or four since i hit the bid that have decided they will also accept bitcoin. it is happening. it is a new ecosystem and very powerfully system that is not tied to the whims of a government. if you are not comfortable with your government, bitcoin is a great edge. in fact, i think any institutional investor that is a fiduciary needs to hold

there is the european model and this is 6 p.m. friday and it is more to the west here. so all interest along the mid t atlantic and up toward the northeast and new england. fourth of july is a problem and into the weekend. so patty ann the next advisory is crucial and i think we will see being an intensifying hurricane over the next 12-18 hours. >> and we know you will be right on top of that. >>> and for more on how hurricane arthur is impacting the carolinas on this fourth of july weekend we are live. what is it like? it seems calm, but is it the calm before the storm? >> reporter: it is indeed, eric. it is sunny today but the winds are picking up and generating waves and drawing out a crowd to the coast. they are warning people of the possibility of dangerous rip currants. >> they cause the vast majority of the rescues and the increase push of water increases the threat level. we ask people to respect the waters and ask lifeguards about the conditions so you can make a good judgment and keep yourself >> reporter: back in your our life position you will see most peopl

next up is boeing which is a drag on the dow. what is wrong with boeing?ers from blowing a little weaker than expected in the revenue section. it continues to pop out the dreamliner, we saw quarter over quarter growth for the dreamliner. aircraft deliveries up 7% so that is good news. commercial aircraft seems to be the better area for boeing, aerospace defense and the big picture is aircraft delivery has been on the rise but revenue missed for the first time in six waters. stuart: profits up 52% and stock goes down. not sure about all this. thank you, strong numbers at apple. avalanche speetwo rests heavily on china. would you say that? >> china has been terrific for apple in terms of iphone sales but it is not really just about china as tim cook says. everybody doing well, it is terrific, ipad sales are a little off. it is $13.8 billion in cash, which is not something north of $165 billion. it is about the deal with ibm and a lot of things they're doing right and stock has a lot higher to go. it is basically a good base right here and i am a buyer here s

now it is not just periphery. it is not just germany. it is france.t is he sees some brightpoint even on the unemployment figures. we have seen how depressing some of those unemployment figures are. they have done the reform. they are starting to have an impact. john, thank you very much. >> we will talk about the u.k. i don't necessarily think the bank of england -- i don't think we will see a rate hike. we should begin to think of what might roadblock the trajectory for the u.k. a referendum in september time. can assure you these wind instruments are hard to play. basically, you've got this nationalist vote. the nationalists have not, head in any of the polls. if the bank of england did not go -- and by the way, sonja says is will be a rate hike as well -- the interest-rate market here is london. goldman sachs brought forward their view that rates will go up. you've got the scottish reform. if they don't go in late autumn, if they do and dammed if they don't. you have the u.k. election. what you've got, if they don't go late in this year, maybe ear

he is.e are seeing a greater authority to more effectively enforce that law that would allow the administration to act more quickly to return children from the country they originated. >> i have a question from another subject if you can remind me. the president's tweets. i understand those are not directly written by him. does he even read them and know they're going out? are they reviewed by the white house or is that simply doing something on his behalf? >> i am suspecting you asked me about a tweet i have not seen. the twitter handle is maintained by os a. that is the political organization, the offshoot of the campaign. it is a twitter handle maintained independently of the white house. >> what i'm going to ask about each -- about is, after the hobby lobby decision, a throwback thursday tweet to a throwback of last week when a woman made her own decisions about her own health care. does the president believe because of the hobby lobby decision, women were not allowed to make their own d

what i will say is this is nonsense. here's why this nonsense because the reason ca keystones are on e rise is because guys like you are eating much dairy, not enough fruits and vegetables. there is also an obesity epidemic which does not apply to you, you're not involved in that part but people gaining too much weight, eating all the wrong foods and dehydrated. yes you are more likely to get it in hot weather because a few days after hot weather is when you get the kidney stones because you are dehydrated. stuart: i had a kidney stone in phoenix. i took and tear bottle, i mean and tear bottle of aleve. ileave the pain sufficiently lie to make the speech that i was therefore in the morning. the agony returned, check into the emergency room when i got back to new jersey, they operated. what do you make of him and his wall is an bottle of aleve. >> the treatment is water. >> it was killing me. >> they can be a problem in the situation but he made it, you are fine, you're healthy, you eat your salmon every morning. you are

it is fine, it is not a drag.t is just a little slightly the economy is slightly slower. >> in terms of your expansion plans, what else are you looking at, what areas do you think are hot, and what parts of the country are you looking to expand into? >> besides entertainment and recreation investments, we also have a significant amount of portfolio in the education sphere, notably with charter public schools. really part of a school bond, so they cannot finance their real estate well otherwise and we have almost seven hundred million dollars invested in that area and growing that by close to $200 million a year and it is a way of doing very well and doing a lot of good. >> help us understand how your expertise in entertainment, mini golf, and water slides would translate into charter schools. squawks we are -- these are all attendance are parties. that is exactly what a school is. they might not look a lot the same on the surface or bring the mind, theyn your have a lot in common. they are driven by attendance and

one is the more calibrated it is everyone's fault line, and there is good evidence to show that it is the palestinians fall as much as it is the israelis fault, but when you listen -- and martin indyk in the interview we did just the other day, martin was very careful to say, you know, look, i think blame is shared equally, not with america, by the way, and this is the administration's argument. we wanted to do this more than either party, so they are sort of blending both parties for that. but what you hear when you actually go a little bit deeper is a broad feeling in the administration that israel has the more powerful of the two individuals, having more to give, particularly signaling to the palestinians, look, we know the west bank is going to be your state, so therefore, we are going to stop settling in it. doing all sorts of things over the past month that signaled to the palestinians or at the very least gave them an excuse to pull out of negotiations. >> by saying we're going to start these processes at we're going to expand settlements? >> right. this is really complicated b

that is what it is.all comes back, the question is how does this boy go from being the least value human being on the plan at, a homeless illiterate kids eating out of garbage cans to four years later being among those highly prized 18-year-olds on the planet. what are those forces? things that happened in football strategy to elevate the value of what so peculiarly do so well and a lot of those -- that all of a sudden he had. it all fit together but it wasn't just about football. >> i say that, that book is perfect. there's not a single word out of place. i love your books but that to me will be red 50 years from now. >> it was hardly read at the time. and football, don't like to read. >> it shouldn't -- that was my frustration. i worried people would think it was a football book. a few people who do read or write football, as they really don't want a chick flick in the middle of their football. i felt i liked shoving those two things together. it did miss its market and the movie solved that problem. i

she is saying such brilliant things, music is art and art is important and rare. important and rare things are valuable. and valuable things should be paid for. are you kidding? please. >> i'm speechless. what i would say there is lot of good sense. melissa: really? >> you shouldn't steal music. of course you want her to write for the journal. it has been around for a while. nice photograph. melissa: are you allow mike cat to do that? no. >> cat is not so much of an artist. >> not upbeat about music business. she is only one selling records. the "harry potter" saying well, book business is not that bad. melissa: every concert she comes out -- so insincere. >> i like taylor swift. she is role model for young women. melissa: come on! >> she has success in her business. the only problem is, tomorrow i think "wall street journal" will run an editorial written by a travel agent and about how things are changing. melissa: that is slam on travel agents. >> they're out of business. that's what i'm saying. industry has changed. melissa: i just, you know, anniversary issue.

the only part with the study is it is self-reported. it is asking people are you happy? it seems to me people who are always doing what is good for them, they have a good reason for lying and saying they are happy even if they are not. if you think you are always doing the right thing and you can see other people doing fun stuff and you are there going, well, they shouldn't be doing that. it is bad for them. i am happy not doing that. >> i enjoy sitting home on friday night while they are dancing. >> the jealousy kicks in. >> let me read you the statistics of injuries from people dancing with the opposite sex. it is disgusting. alcohol, they always have the statistics explaining how the bad things are. it is wrong. thanks for letting me hang there. >> that was actually not that nasty. >> even the shoes are buckled. >> you can call victoria's secret and she can call ace hardware. >> does that come with buckles? >> do you have that in black duct tape? >> by the way, they are now making colorful duct tape. >> where have you been? >> i don't go into schools. >> we have to ta

the problem faced by the country is that, you know, it is not that it is unequal, it is that it is getting more and more unequal every day, going from rich guys like me controlling eight percent of national income 30 years ago when reagan was elected to now it is in the low 24%, 23%, and at current speed in another 30 years it will be 37%. that is untenable. that is not a capital system anymore, it is a feudal system. when you look at history you find that an economy that concentrates wealth and power that way ends badly for everybody, particularly people like me. i am just saying to my people -- let's use some common sense, really it is in, not kill the goose that laid the old leg, which is the american middle class. host: as far as how to change that america -- that inequality, you are saying a higher minimum wage or living wage? guest: there are all sorts of options available if you want to build a high functioning, high-growth capitalist economy. the basic proposition is that the orthodox economic view held by people on the right and left is essentially the trickle-down idea. that pros

>> tony, is good news is that a strike is unlikely. we don't want to see the same thing that happened in 2002, when the lock down shut down the ports for ten days and some people said it cost $1 billion a day to the economy. but, of course, despite the unlikelihood of a strike, the retailers and manufacturers still have to come up with plan b, plan c, plan d, just in case they are worried because they have to keep their she felts stocked. >> these con tapers are the future. that will mine shelves this fall and holiday season. as most of the goods that come into the united states, came through the gate way. the port of oakland is the fifth bestiest in the united states, and the third busiest on the west coast. all that could come to a grinding halt. >> they have a great deal of power, they can shutter down the entire west coast. really exert a great deal of economic pressure. this is why the united states government through the attorney general has intervened. in past disputes. longshoreman can make anywhere from 25 to how dollars an ho

>> so what is next is what does vladimir putin do? i think the fact he has disappeared for the last several days is interesting. it means he is trying to figure out what his next step is. and what do we do and what do the europeans do? and as secretary said we are in conversations with them. >> schieffer: could this in some way backfire on the russians? as i think probably the shootdown of that korean airliner by the soviets did. i mean, world opinion seemed to change after that. >> i think that was, bob, a turning point in the cold war, because it really demonstrated to the world what the soviet union was all about. i think that this event has the potential to make, tell the world what the world is all about, he is a thug and he is a bully. >> i think one thing about the crime scene part of this, as i mentioned before, bob, is that missile launch search long gone, it is not there anymore. and the wreckage has been picked through and cherry picked to a degree that mr. putin can leave the rest of it there and it can't tell us a definit

> what is driving all of this is it low interest rates? is it better automobile models?r something bigger? >> both of those things. you do have 72 month loan rates below three percent. you have incredibly attractive lease deals. shele are buying that payment instead of the big sticker price. and you see a lot of new models that have new technology that people want. people want a car that they can meet their iphone two. people want a car that is more fuel efficient. the cars most people are driving around in don't have that technology. >> you mentioned new models and i want to talk about a new chief executive. tell us about this as a new model. >> that is the biggest new model. 25 years. around for he was reborn under alan mulally who brought a whole new culture to ford which was a company that was a backbiting culture. the rally got everybody working together. he got everybody working together. he has become a believer in my approach. his greatest challenge is just following alan mulally and becoming his own man. >> does the automobile industry hold lessons for investors

jeremy backlist question is so thin it the eg shan't snyder problem, which is what is the size of the unit to use so-called triple making the vote for what they want to do for color dvd? disable maybe the people and crania feel this way, but the people of ukraine now because it's the size of the unit that's the problem. the well-known fact is all modern states are your results of the use of force. you know, when something caught 1862 night 18 x decided i remember quickly. because of the use of force. if you look at england, if you're a bread, if you're a scotsman and you've heard the year english coming out scott's. i am irish. i didn't voluntarily join this group. almost every entity use in power as a result of the small -- take germany. pressures are one that generated modern germany. so when you start unpacking this issue, the logical way courses ironically canada because we have federalism. canada had done. if they decided to go to self out of its confederation, i don't think ottawa would've used force. true to use force because use violence. if they had been more mentioned in lif

is on the table and is an option.ts stronger every day. >> what stopped you between when this started 18 months ago to today? with everything he says, why not slap him with a lawsuit? >> we may. the stock is performing well and the company has performed well. but it is something we frequently talk about. i will leave it to the lawyers. it is a possibility. >> coming up, the battle over school lunches is heating up on capitol hill. a celebrity chef joins me for a look at why some members of congress do not want kids to get healthy foods in their schools. ♪ >> house republicans are trying to rollback nutrition requirements enacted by michelle obama. are using thets school budget to micromanage what kids eat. a chef and executive director of the first ladies let's move campaign which promotes healthier eating among children. real pleasure to have you on today. what you think? it costs too much. kids do not like it. it diverts funds. what do you say? >> we know good food and good nutrition for our kids in schools is funda

that is what is happening here. this problem exist specifically because of this president's failed policy. >> reporter: the president has expressed his own frustration after being told the house will not vote on immigration reform this year. >> thank you, mike emanual. >>> and terrorist on the rampage in iraq maybe extended their terrorist agents to the united states. a woman was arrested in denver accused of helping an insurgant she met online. >> reporter: he -- she was arrested heading to turkey and from there planned to head to syria. federal authorities became aware of her after a church pastor contacted the fbi about odd behavior he had seen during services. according to court documents, agents met with conley seven times and she said she was engaged to an isis fighter she met online and wanted to join him in the fight. the feds told her her plans were illegal but conley stated she will assist in whatever manner was needed and there was nothing they could do to change her mind. the pastor of faith bible chapel

that is not what it is, it is spending, consuming, that is it, the bottom line.t a mathematical formula and we kind of changed the deadline. charles: we are guilty of this kind of stuff too. italy is a perfect proxy for our problems without the other things you come into a when you discuss america. work hard, share the taxes, pay the lion's share of the welfare, it is a country for the new government say this is how we're going to solve these problems, not better. i wanted to be honest get >> they are proud of what goes on there. >> we are lovers at the end of the day. charles: that'll be the first place we will check it out. this brings us back to payne's investment playbook. the same thing happened in india, indonesia, and japan were populations chose free trade, individualism. bad policies and bad economics simply go hand-in-hand. i have seen major voting revolutions in this country. 1980 we had sitting senators only 55% reelected good a guy named ronald reagan to president. the first two years the economy was off a little bit, but the gdp source, 4.6%, 7.3%.

this is a problem that is all encompassing. it ties into the tragedy of our country, which has led us to situation of a war being waged in our territory about having been the ones to take the bulk of the hits by way of deaths. and having a large international crime organizations that have stolen our country, these can be separated in honduras. there are other problems, clearly. when i talk about transnational crime, i'm talking about certain difficulties, which are tied to the issue of migration. that is, trafficking of minors, sexual exploitation, labor exploitation. but the correlation in the case of honduras, organized crime and those cities from which the large flows of migrants, are one and the same. that is why i strike this equation, to the principle of burden sharing these of the this phenomenon that we have seen over the last couple of months. i'm referring to this historic flow of unaccompanied minor immigrants. >> you can speak in spanish or any language you like. it will be translated. [laughter] i will just mention

that is one of a lot of their strategy is.yhere have been man statements made to that effect. >> the final question i would like all the speakers to speak on -- if you look at the talking points of the opposition to marijuana reform, is interesting to see of a shift. for a long time, this is your brain on drugs. now the talking point is, this is big marijuana. just like big tobacco. they are trying to hike up the thc rates to get your kids addicted. they are marketing this incoming bears and trying to destroy the fabric of american society. is,uestion for the panel how do we as an industry avoid of a net calling this big marijuana? withith elliott -- start eliott. >> some of the legislation has driven it to be bigger money. i don't know about the big per se. as in the push for, vigils, normalization. we are people who choose cannabis over wine or maybe with wine. we are choosing something. it is adult choice, adult use. medical is one aspect of that. tois about freedom of choice use a plant as part of your lifestyle. that norm

it is unclear what the end game is for american involvement. in a partisan environment in which every move brings criticism there has been a strange silence from congress. joining me now is senator chris murphy. your reaction to the announcement where more troops president determining they are necessary. are you worried about a kind of slippery slope of american involvement here? >> well, i think you have to be careful about what the troops are being used for. this new military officials that are going there are going to be used in part for diplomatic security and we have a pretty large state department presence there that we have to protect. i don't know exactly where that line is but i trust that the president understands that he has to come to congress if he wants beyond advising military or protecting u.s. forces there. i don't believe and i think a lot of my republican and democratic colleagues agree with me that he does not have authorization either under the original iraq authorization for military force or the 9/11 authorization for mil

is that why this is happening?ere are concerns that that technology may have been developed, that there are now ways for bad actors to plant explosives in small electronic devices. they can be hollowed out. they may be difficult to detect with current x-ray machines. there don't seem to be any specifics that are in the general public at this time. >> why can't all the machines that are already there detect this? should we be worried they cannot if the phone is off? >> well, they can. they can be difficult to tell whether or not the electronics are the native electronics that are supposed to be inside the cell phone or tablet or if it's actually explosives implanted in a hollowed-out device. because it's difficult to tell if there are questions or discrepancies, the tsa has decided they will have extra checks to power on devices just to make sure it's not something that could threaten to bring down airplanes. >> first it was international travelers, now it's domestic travelers. do you think this is going to ramp up?

is that true? >> it is true but i don't know how relevant a metric it is. the u.s. has such a unique leadership role to play in the world. we have a network of alliances. we are the architect and the underwriter of the international rules-based order. i don't want to say we are the world's policemen, but we have an unusual level of responsibility to try to prevent conflict, maintain stability and so forth. it is difficult to make because our responsibilities are so different. >> what was your opinion of going into iraq in the first place? >> the initial decision to go into iraq was a mistake. that said, by the time i came back into government, when you are committed to a war, the question at that point was, how do you responsibly achieve u.s. objectives and end our involvement in a responsible manner? that was the focus we had with the obama administration. >> reuters did a story a couple days ago, saying there was a study that shows we spent $1.7 trillion on iraq and then you see other predictions that before it is all over, we will spend $3 trillion to $6 trillion

is down the competition is from generics. you know when generics come in market share drops quickly. >> they are not ruling out a sale of the unit. , it seems asegy though they are going to tackle the share sales. they are going for an ipo. >> we are seeing a bit of london, what the city looks like. a bit dark. open.rkets in 11 minutes time for the futures up by about a third of one percent. -- ftse futures up i about a third of one percent. ♪ >> welcome back. 7:52 here in london. we look at the big macro themes of the day. >> you have gdp wednesday. it has payrolls and inflation data on friday. for me the big one is the said. bloom basically said there are two meetings left before qe ends in october. september, and october. when do we get the change in language where it is going to be more nuanced? rises.e got rate the those lines about if labor market data continues to come. isthe fed statement that what people are hearing. >> the unemployment rate comes down half of one percent. >> for a lot of people the boxes will be tic

she is smart and clever. she is a quick thinker.er husband had the same sort of approach with people. i think it is not just about the money. you see a lot of politicians, as well as celebrities, want to attach themselves with things that are technological because it seems to represent the future. it tells the rest of the world that this person knows where we are going. it goes towards a better future for all of us. just over the weekend, rand paul, who may be her republican challenger, who is more libertarian than your average republican. >> many people in silicon valley are. >> many people in business really identify with the libertarian notions if in theory more than practice. when he was out here, if you want a libertarian white house or washington, if you are backing some of the ideas i support about limited and not zero government. that is what he is trying to do to get money. >> how is hillary clinton perceived compared to president obama or rand paul and people who could be her challengers? >> i think we've seen a lot of ten

that is tough federal government. is that right? >> it is ridiculous you think half the time they create a crisis to grow government even more than to get more attention and more power. we although it is about growing your power base. >> point back to where the money is being spent. >> governor perry wanted to use the national guard but yet we will send them to iraq and afghanistan what is wrong with this pitcher? not only that the looking at over 80,000 children coming across the borders by homeland security zone estimate and 46% never attend that deportation hearing. where does the money go we are advocating to educate the children and give them health care? >> that's it. the altruism the fact that the children of immigrants that is what they are objecting to and something of a president could do that cost nobody is to relax the drug laws that deals that violence that also causes immigration so our reaction is always to spend more money which it should not be because that infringes on the rights of everybody. cheryl: we were just

that is going to be challenging. >> is it you said that samsung is dominant but paranoid?> there are a lot of ways to describe samsung. people talk about similarities but nokia products, is more government. country,rator, every over $10 billion in marketing and sales commissions to support that. question was always that what point does the inherent , you don't have any value added, when does that catch up with you? samsung has spent two or three years at the top of the market. they have not managed to create sustainable value on that, why your next phone should be a samsung rather than a sony orlando -- or it lenovo. it was not to have they were going to do that. that company came out of nowhere in china and finally apple, we hope, is coming out with a new iphone. cory, what do you think about samsung's strategy? does it need a dramatic shakeup in the sense they have been making devices for everyone. should that change? >> samsung did a lot of things their to differentiate devices, having crazy announcements of their phones. i was here in new york when they were at radio c

it is not known if this risk is increased in copd.replace rescue inhalers for sudden copd symptoms and should not be used more than once a day. breo may increase your risk of pneumonia, thrush, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking breo. ask your doctor about b-r-e-o for copd. first prescription free at mybreo.com john: 2000 people are here, freefreedom fest held in las ves because there are cheap hotels here with relatively cheap room rates, costs of lower because taxes are lower, and casino gam geilingambling are legal. do you like being in las vegas? there is a lot to like. >> las vegas and nevada. nevada is a right-to-work state. there is no income tax. people are free carry concealed guns. to dam gel in casino -- gamble in casino in most of the state get paid for sex work. but, nevada is no libertarian haven, state private school are most regulateed in america, each must follow detailed government rules. maybe that is why nevada students get some o

getting away, that is what is going on. we are encouraged by the fact that we are seeing these clouds start to move out to the east this was our stalled frontal system that touched off more showers and then are storms last night, and a lot of those are in the process of moving off shore and so we are not seeing anything in the way of precipitation, right now lets hope it stays that way for rest of the day. seventy-two in philadelphia. sixty-two in mount pocono. seventy down in dover where it is sticky and. and starts to feel very humid and these dew points are lower then they have been this week. so things are starting to improve, so here is your seven day information was with 86 degrees today. it is a nine. go for a ten tomorrow and high of 87. eighty-eight on sunday. pop up thunderstorms, possible in the afternoon, not everybody will see one, lots of people will be watching the world cup, anyway, so monday and tuesday, of next week, it stays a bit on the unsettled side. then by end of the next week we will start to sees a

>> it is a mandate. >> is medicare part d a mandate?it has the penalty that has the incentive. >> but it is not a mandate it is a personal choice every senior can take? also you pointed out that initially the risk corridor was a three year temporary brisk corridor when put together? >> no. it was set up as a permanent part of the program but the amount of payments was greater in the first three years than the left the department with the option but to do after. >> then it continued? in your opinion you see the same thing happening with the affordable care act considering it is supposedly temporary? and an equity affordable care act it is good just for those three years. >> but they could make that change. >> know they could not. >> i want to point something out to day darrell i submit these to report obamacare taxpayer bailout with the white house involvement in includes showing senior adviser to president obama valerie tear it directly intervene to to an insurance companies see a threat to increase premiums so must the white house acte

that is why the market is acting how it is acting. thank you very much.> it would make no sense for russia to shoot down a civilian airline. i think they would be well served by just coming out and telling the truth. their credibility is already so badly damaged. to try to de- escalate, the truth would be helpful here. stuart: thank you very much for joining us on a very busy day. more news on this development and the market in just a moment. ♪ my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely th

is being paid to what is happening in the west bank and gaza, and that is what is the problem for thepalestinians. if you look back at 1987, it was in the marginalization of the palestinian leadership from the people. what we had seen really beginning with the israeli invasion of lebanon in 1982, was the plo became exiled in tunis and pretty much remote and effective in catering to the palestinians. the palestinians were left alone. we do not have palestinian leadership in exile, and they are in ramallah and gaza, that you have a sense when you talk to almost everybody, including the moderates who want to work, with the palestinian authority, that they are disconnected from the public. the public does not take it seriously. in fact, one of the reasons why we had that national government is they both risk being totally irrelevant, and each individually, and they came together to become more relevant. that is the context in which it takes place. add to this the fact that there is a creeping realization that may be the days of the two states are numbered if they are not gone already, and

that is merry-go-round that we have got. >> it is not always. >> 99.9% of the time. >> well, it is not right or fair. and take the military as an example, and we have the world's most powerful militaryk and we spend that money well, and we waste some of it. but we have to continue to do our best and not take the system apart. >> well, if the system is not working. go ahead, ben? >> do you think that anybody here does not want to do our best? what are you talking about? what does that mean? >> it is a question of tactics. we can't throw up a voucher system tomorrow. you can't do it. >> e shnot saying that tomorrow, but if you have been saying, adam, we don't have enough time to get to you for the next two to three years, veteran, but the hospital across the street will get to you maybe next month, and here is a voucher to do that. obviously, a process in place, and get it assimilated and what is wrong with that? >> well, the local congressman or congresswoman may help you quickly here, because that is one of the things that they are supposed to do which is to talk to constituents. >> an

on a bail on it is 50 million and so if it is times 6, it is 300 million, if it is times 7, 350 million, it is never clear what it is and then you all create, some sort of a system which i will call community benefits. and now this is the point. always. ye may going and i am using media techniques so that you all can tell the whole world about statistics or flowery pictures where when you look at the pictures they show diversity, you are trying to show that. what kind of a legacy are you all going to leave? >> now, we need, if it is community benefit and if we have that amount of money, we need to leave a legacy. and we need to address laser beam focused on those communities that have suffered. and so, why, you know, when you go to other states or other nations, and all, and they may think, whatever they want to think, about ours, when we bring them in close proximity about, the sewer treatment plant and that is going to be hickry's reality. and so every single day, to day we fix the digesters and still we got..., and that is what, we should be addressing. when the people are remote con

the question i have is, what is going to change? what is your definition of unacceptable? >> i think, quite frankly, the bottom line for me from the time i went to medical school until the patienten, has gotten what he or she believes they needed? and it has to be quality, it has to be safe, and effective. that is the bottom line. >> we try to work around this and what the fix is? we have to diagnose first before we can prescribe the treatment on this. on we have to move forward how to get it fixed. so today the letter comes out, and it is very clear that the acting secretary made it clear, as i told the workforce, retaliation against whistleblowers or any employee who makes a suggestion or reports what is a violation is unacceptable. was it not unacceptable to secretary shinseki? was there anyway that you got the impression it was acceptable than and not now? >> that was not apparent. >> what changed today? >> we do have new leadership. acting secretary gibson has stepped up. he is out in the field going to medical centers. pull the process up to the department level wher

it is how the market is manipulated. and this is incredible. that doesn't matter whether we have fracking or not. there are only two countries in the world that can change that. if you remember the good old days we go to iraq one idea was iraq comes in and a nice guy comes in and they sell it off and democracy will take over. one reason was to break this impass of one country controlling oil and gas market. the second country and the most important country after saudi arabia is iran. normal iran coming into the market breaks that monopoly. this will make these two countries at odds. if we want to think about future, i'm not saying it's impossible. i'm an optimist. the question we have to look at is if you want to go forward, these are the big things, the nuclear issue is very complicated. but the day after russia is very important and saud day rabe i can't. >> the united states has destroyed iraq as a balancer for iran leaving our forces as the only means of balancing iran hence we are stuck in the gulf. that is a very uncomfortable position no

caitlin is here today. >> but everybody else is enjoying it. hey do you think that pennsville airplane has a chevy ignition. the that is horrible. do you know u.s.a. has never beaten belgium in 48 years of world cup competition. >> yes. >> i hope that they will win today but belgium has the better team, soccer fans weighing in. >> muffles and palm free. >> belgium beer. >> good waffle. >> here's the thing though crazy things have happened, thises the united states, we are the super power, if you believe. >> that is right. >> and i do believe. >> that we will win. >> we have not beaten them in 84 years, since playing belgium. it with the happen today. it is tuesday, july the first, 2014. karen. >> yes. >> you have a new survey that say we need to spend more time in the bathroom. >> even at dinner. thinks couples to do. if you spend more time in the bathroom together, that is bathroom bonding could be key tour successful relationship. >> oh, in. >> why do i to have read this. >> the accessories that we simply need to retire. yoga pant, ladies, th

what is not is portugal right now.the debt crisis significant he how is banco espirito? >> very difficult to make an assessment at this point because there's a lot of i don't know, individual aspects of that with respect to this particular bank and it's not clear that the other banks in portugal are affected in the same way. the important thing is that in order for this to be resolved the european economies must move and they're not. they're going the other way. may industrial production was horrible across the board, including in germany but really very, very bad in france. france is the biggest concern right now. and ecole has a big share in b.s.e.. >> why? >> because of policy and because of the fact that they can't seem to be able to getd their act together on labor policy or anything else. this is a real difficult situation. >> do you think another debt crisis is oncoming? >> i think that depends on whether or not in particular france and italy want to make the rorls that they need to do. the new italian prime min

livermore #e is warmer right now -- livermore 66. is is warmer than atlanta.cool for some and it's very warm out here in the west. 68 walnut creek. 68 brentwood. 54 in bismarck. 56 in omaha. really cool. there is that 63 in atlanta. 65 in washington, d.c. for july. just amazingly cool. a lot of record low maximum temperatures. a lot of 60s around and the cloud cover continues to remain tropical system favoring areas to the south. i think it will stay there. it's so close yet most of that misses. and then also might be some santa clara valley. we are dealing with more fog than anything else. it is hot and the humidity factor is still very high. 90s to 100s. i will tell you absolutely stuck. it is a long time since i can remember the pattern not changing here hardly at all. upper 60s and 70s. still kind of balmy and mild for many in the coast because the water temps are still very warm. although there are signs of a northwest breeze which is something we have not seen much of. that will cool things down a little bit. >>> just a few minutes ago the government ann