you can't sell the yuengling brewery to joe smith. family members is going to come in and take it over. next generation is jennifer and wendy. they have shown that will is a great interest on their part to learn and take over. i think they see some of the things that i do. sometimes they don't understand why but they are learning. and it is a learning experience for hem. they are getting to the age of pretty soon i'm getting to the age also and pretty soon they are going to be running this. >> it is time to take some of your business questions. the first one is about courting potential investors. >> we are considering investment. should we consider investors who have to be really involved in our business or consider investors that trust us to handle it? >> what do you think, alfred? >> you know, there's smart and dumb money. smart money comes with advice, connections, mentorship, and if somebody is investing in your businesses chances are they know more about the industry than you do. so i would say that all things being equal, you wa

joe a's job. >> the black smith at the fair grounds is busy getting horses ready for opening day of thorough bread racing tomorrow, part of the 101-year-old tradition. >> women such as jane are a rarity. >> this year, that'll change. >> in the sport world, women are making in roads around racetracks, alameda will make some around the horse track. >> we've never done this at our fair, let alone in california. >> an amateur arabia's race will take place from all female jockeys around the world. >> this a step in the right direction. >> also these ladies have been given an awesome opportunity. >> organizers alsoay this on the international map and perhaps draw in new fans. >> i think it's wonderful. >> female jockeys are just as good as the men and they deserve to shine. >> the race is july 6th and the purse will be $20,000. >> ktvu channel 2 news. >> at ktvu.com, you'll find more information under the bay area living section. >>> the federal reserve wrapped up its two-day policy meeting with the meds say it would make $85 billion in bond purchase. >> the u.s. economy begins to heal. >> the economy i

nsa, can i go to google or facebook in a very almost automated way, send my query saying i need joe smith's don't get direct access but it goes to an analyst and maybe close to automated. some made that case. then gets put back on a server and prism is almost an interface to be able to read that. is that how you're looking at this? >> so this is the thing. i don't want to speculate because without facts it's meaningless speculation. what's been known for a long time there is a secret, basically, a secret court order, the government can get secret court orders, require american companies to turn over information. the companies have the ability to challenge the orders and have done so. the companies can't talk about the orders so the people who know about this can't come on tv and talk about it. but that was all known. there was nothing new in that. this has been an active debate for years. so there's nothing that we in theory learned from the whistle-blower that holds up. that is new or different that i can tell. anything else was speculation. it is interesting that several of the companies

joining me now is joe hurley, and nikita smith. welcome to both.es even though you're utting money into 529 plans. >> that's righght, realize thatn the 529 plan, you are investing in mutual fudsbaed on what the market is doing, if you need that money to pay, you ake on the risk. >> saving for college is an important thing to be doing in the first place. >> you can earn your taayer dollars and have theithdrawal be tax free a that is a great deal an we just need better optionacross the board. >> i agree with that. >> they are gtting heir child's education fund intact. the closerhey gt to the age of graduation, it can be very hard. it tak more work hen your child is young, itested more in stocks. when the cld is older, closer to college age, it shifts autoticall to money maet investments ich ae much les sky. gerri:e wer talking about how you have to limit your change because you can't change allhe time. how doou do that? was the e best time of year to make your changes d on what basis should we dot? >> well, reall one othe options i think is the best

joining me now is joe hurley, and nikita smith. welcome to you both.can make mistakes even though you're putting money into 529 plans. >> that's right, realize that in the 529 plan, you are investing in mutual funds based on what the market is doing, if you need that money to pay, you take on the risk. >> saving for college is an important thing to be doing in the first place. >> you can earn your taxpayer dollars and have the withdrawal be tax free as well. that is a great deal and we just need better options across the board. >> i agree with that. >> they are getting their child's education fund intact. the closer they get to the age of graduation, it can be very hard. it takes more work when your child is young, it invested more in stocks. when the child is older, closer to college age, it shifts automatically to money market investments which are much less risky. gerri: we were talking about how you have to limit your change because you can't change all the time. how do you do that? was the best time of year to make your changes and on what basis s

joe flacco's contract. baltimore welcoming darryl smith to town signing a one- year deal.he played his entire career, all nine seasons, with the jacksonville jaguars and held the record for tackles. he will be playing inside for the ravens. he missed all but two games in 2012 with a groin injury. i feel for the chiropractor. they will need overtime because of freddy garcia's neck. a lot of that in three plus innings. surprising efforts. eight shutout innings. jason castro. he kicked off at home run derby. to right-center -- and there they go. to do one, houston. here's the last one allowed. -- 2-1 houston. all told, six runs allowed for garcia. they indeed battled back. matt wieters, there you go. eighth home run of the year, a two-run shot. the astros get the victory by a final 11-7. the orioles do not lose any ground to boston. in fenway tonight against texas. adrian beltre providing the tie- breaker there with no score. shooting it out to center at fenway. 1-0 rangers. andrus knocking around his old friend. allowing 17 runs last yeanight. final, 3-2. white sox and marin

occidental petroleum, smith & wesson and zynga and oxy. >> joe, what's the frayed? venting themselves. not about the middle east but domestic production. >> smith & wesson? >> had a nice run but coming out with earnings tonight. wouldn't want to jump in front of this, because i do think they have pulled forward a lot of orders from the future. >> zynga, weiss, what do you do with this one? >> plenty other ways to lose money in the market. i'd stay away from this one. >> ibm, talking a lot about tech lately, old tech, what do you do? >> i'm a huge buyer of ibm here, exactly in our comfort zone. the stock has gotten beaten up post-earnings, but this thing has a great long-term franchise. look for major share buybacks by the end of the year, and this is a name in this kind of yield environment and this kind of business environment that can do very well long term. >> dow is holding on to a gain of triple digits, better than 100 points, 108.5. when we come pack, final trades, and we'll also tell you who you think won the debate. that's when we come back. ♪ norfolk souther

joe." ♪ [ agent smith ] i've found software that intrigues me.t of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] [ telephone ringing ] now a waiting room is just a room. it was very painful situation. the rash was on my right hip, going all the way down my leg. i'm very athletic and i swim in the ocean. shingles forced me out of the water. the doctor asked me "did you have chickenpox when you were a child?" the pain level was so high, it became unbearable. ♪ >> how did america get so mediocre? >> you want me to tell the truth? and i tell the truth. you know, i think parents became -- both parents started working and the mom is in the workplace. it's not a bad thing. i'm going to get in trouble. i can just see. i can see the e-mails tomorrow! but now both parents are working. they are pursuing their careers. that's a great american story now that women are certainly in the workplace. >> so it

joe." ♪ [ agent smith ] i've found software that intrigues me.s an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] [ telephone ringing ] now a waiting room is just a room. this man is about to be the millionth customer. would you mind if i go ahead of you? instead we had someone go ahead of him and win fifty thousand dollars. congratulations you are our one millionth customer. nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're special anymore, you need an ally. ally bank. your money needs an ally. >>> 48 past the hour. he wrote a letter to his daughter entitled, to my daughter on father's day. sorry, i used to be a sexist. the former traveling press secretary for hillary clinton's 2008 presidential campaign joins us now. along with chief of cosmopolitan joanne na coles and entrepre

. >> coming up, benefit smith and debbie stabinow of michigan and chuck todd. "morning joeis back moment. >> or maybe chuck can? i want to make things more secure. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ with centurylink visionary cloud a brinfrastructure, and custom communications solutions, your business is more reliable, secure, and agile. [ wind howling ] [ engine revving ] ♪ [ electricity crackling ] [ engine revving ] [ electricity crackling ] ♪ [ electricity crackling ] it's been that way since the day you met. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be rea

today they signed free-agent linebacker darryl smith, a nine-year veteran who played nine seasons with the jacksonville jaguars. they are bringing down joein the game two years ago. he won't be wearing number 52, but he will add some depth to the linebacker corps that needs reinforcement after ray lewis his retirement. he gets a one-year contract. >>> and the stage is set for the nba finals. the reigning champion miami heat had a practice session and south florida today. they host of the san antonio spurs and the series opener tonight. third straight final score lebron james, the wayne wade in miami facing spurs team headed to its own success in recent years. that audit started tomorrow night. lows and astros tomorrow afternoon. >> thank you. what a catch? >> a group of fisherman reels in a giant shark off the california coas,,,,,,,,,,,,,,,,,,,,,,,, >> a collection of autofocus photos for $76,000, and as little bit of monkey figures. mickey the monkey. he's a chill behind the camera for the 18 photos. a couple of artists got the idea back in 1998 and train him to be a shutterbug. some may have thought the idea was bananas, but now it is

joe biden. the immigration debate is one of the hot topics at that meeting. scott smiths the mayor of mesa, arizona. proud home of the chicago cubs spring training camp. i spent a lot of childhoods there. the incoming president the u.s. conference of mayors. i want to get right off the bat, there's been a real strong push toward immigration reform. is that the solution in your eyes? >> it's one part of a solution. you've got to focus on border security. i think they've said that from day one. in arizona where we're in the middle of this, that's a very, very big issue. border security has to be at the forefront. >> i want to get a sense from you, the border patrol has a fleet of drones over the border. we learned from the fbi they're using them as well. as a local leader, do you have privacy concerns? is that one of the concerns for a lot of your fellow mayors? >> it's a huge issue for mayors. we recognize that as we move forward with the use drones that people are leery. they think of a drone used by local police as being able to not only look for the bad guys but to loo

that and more on "morning joe" brewed by starbucks. ♪ [ agent smith ] i've found software that intriguesappears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] [ telephone ringing ] now a waiting room is just a room. i asked my husband to pay our bill, and he forgot. you have the it card and it's your first time missing a payment, so there's no late fee. really? yep! is your husband off the hook? no. he went out for milk last week and came back with a puppy. hold it. hold it. hold it. hold it. at discover, we treat you like you'd treat you. get the it card with late payment forgiveness. . >>> welcome back to "morning joe." live look at the capitol. with us democratic senator from virginia, senator tim kaine. how is the adjustment going from being governor to senator? never asked. i have never asked a former governor. >> oh, now. >> how -- what it's like being a senator without them laughing at me and saying it's just

joe?" they just don't care. they made their money already. >> growing outrage over those bonuses on wall street... >> smith: the year the markets crashed, walltreet doled out $18 billion in bonuses. >> the latest bonus bombshell is sending shock waves across washington... >> smith: robert hiltonsmith entered the workforce in 2003. he taught for a bit, worked at a coffee shop and then went to grad school, where he ran up $40,000 in student loans. but on the bright side, he had no savings to lose during the 2008 crash. when he graduated with a masters in economics, he was hired at a small think tank in new york. they had a 401(k), and he began to make regular contributions. but even in a relatively good market, he began to sense that something else was wrong. >> i have a 401(k). i save in it. it hasn't seemed to go up. it's awful. i kept checking the statement and i'd be like, "why does this thing never go up? this is weird." i mean, the stock market i knew was up and down but i was, like, "i still should be seeing some returns." >> smith: hiltonsmith decided to make a research project out of the subject. he began by looking at the investment

coming up next on "morning joe," a reveal of the new cover of "time" magazine. stay tuned. ♪ [ agent smitht's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] [ telephone ringing ] now a waiting room always go the extra mile. room. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; dec

>> joechlt i think that's joe on the line, yes, there must be 40 different fimpls, top of mind, kidder, hutton, mason, stevens. >> smithith barney shearson, i was looking at it in the context you are adding to the empire and the kaminsky empire, really, i think, right? >> well, we do have great lineage in cnbc thanks to gary, which we are very proud of. they're great institutions that have made up this firm. we are in a different structured industry now. >> number two. who is it now? >> depending how you measure, we are one or two globally. >> with bang of america mer rim, right? >> it's a great institution, globally and wells fargo is a large institution also. >> so you got four fimpls now dominating the space. >> james, how much of this is a bet on the stability of this business relative to the intemt investment banking business vs. a bet that they will go up. we are if a long-term bullish cycle. we will need more people need their money managed. >> andrew we had a strategic vision which was there was a lot of connectivity between asset manage want and our securities and product origination. number one the businesses

> yesterday we at 8:35 had a gentleman jeff smith call in from starboard as an activist saying that the deal is the dole that they struck with the chinese, joeke bacon. if there is a shortage, it's all in poo poo park or whatever it is if we get no bacon, i will be mad we stole it. >> all the best bacon will go over there. >> they will send the picks in the river. here, eat there. on this specific issue, is he right? does he make any sense? >> well, look, he takes positions that are somewhat hard to understand in lots of circumstances. >> explain who you work with. >> we were advicing -- >> look what's happened with office depot. they signed a great deal with officemax. they sold their mexican operations, which was in the works for a long time and basically he shows up, he continues making noise, just, in fact, he started the consensus solicitation with the board and did nothing with it. i think he does a lot of things for pr effect. here in this situation, hard to figure out what he is talking about. if he can cobble up a hire merger. that's what the market supplies. >> do you think he's a greenmailer, that what you are suggesting? >> i don

joe, and it's incumbent upon us to say were we right when we first made our opinions. >> i'm sorry, i wasn't listening to you. i was -- in the "the huffington post," seeing jada pinkett smithlook at that. >> david axelrod, now on to you. >> yes, sir. >> that's all i get? >> you know what, sam's mom gets mad at me sometimes. >> she gets very mad. >> let's give sam air time. >> i once to say, there's always been two explanations for what the irs is doing. the first is they were deliberately targeting conservative groups to make life miserable for them. the second as pushed by irs employees interviewed by congressional investigators was that they needed to categorize groups into different buckets so that the agency could give each one the same type of ruling when it was applying for tax exempt status. what the new information suggests is the latter explanation was correct. they had different buckets and using these terms to make sure each group got into the right bucket and so maybe it wasn't a targeting thing based on political motivations, but just trying to make sure that you had a proper or complete and comprehensive system so that every group got the same rendering. i th