east m eastman kodak.olaroid those are all companies that thought they were impregnable, that they couldn't go down >> blackberry. >> i'll give you that. >> okay. throw them all out there but -- >> i never pegged you for an apple sycophant. >> that's a sycophant? how about a reality check? i mean, you're talking about ibm and kodak and polaroid >> he didn't say xerox >> i just forgot >> ibm is still there. >> look, i just think that you have to realize there's risk to the story, that their margins on their iphones are far, far -- >> are you still long, by the way? >> i'm still the position. >> okay. give me something on amazon. >> amazon pretty much owns the customer, right? 70% of online sales are still going through amazon they own that customer they're expanding. their synergies and the deals they're making in the marketplace are remarkable it's hard to bet against them and hard to find a compelling valuation case for the stock >> you're never going to find a valuation case that's -- >> some day. >> wel

. >> a kodak moment. [cheering] soledad: cousin martha still attends the reunions and even visits with some of her newfound relatives throughout the year. she researched their genealogy further to find even more descendants on both the white and black sides of the family. the next rand family reunion is next year in houston. >> coming up next, state of addiction. the fight against opioids gets a surprising new ally. what steps the pharmaceutical giant behind oxycontin is taking to keep their drug from being abused. and wearable techonolgy is all the rage. while you might be willing to wear a wristband that tracks your fitness goals, would you dare to wear one that allows your boss to keep tabs on your work? soledad: now to our segment we call "we're paying attention even if you're too busy," a positive step in the nation's opioid epidemic coming from the company that makes one of the most addictive drugs on the market, oxycontin. purdue pharma says it's cutting its sales force by more than half because it

quaint while digital cameras finished off thirty five millimeter film the drawback old companies like kodak went bust and lots of people lost their jobs the advantage everything speeded up got cheaper and for some ideas fortunes were just a click away. like air b.n. b. it acts as a broker for private rooms and apartments but doesn't own a single hotel or employ an army of staff the internet company is currently worth thirty one billion dollars to compare bricks and mortar hotel group hilton is worth just twenty five billion is the day of the bellboy over eclipsed by the era of the programmer. technological advances often spread disruption in their wake but markets grow out of disruption and leaders a new fields can quickly establish near monopolies like google and microsoft and then small startups can't compete because industry giants develop ideas on their own but even they aren't ever really safe because at any time disruption could always come along and crack their industry wide open. and there are lots of smaller loses of course as well and in so many different sectors which has so ofte

condos and they think adding blotching to it will add premium just block chain to their name like kodak does or you know long island iced tea as a block chain to their name and their stock price or is it could be something like that or it could be the fact that it is next to tesla it could be a musky is always talking about a block chain and bit quick flame thrower as it could be the nevada is a zero percent interest is zero percent income tax state it could be the libertarian sorts who are in nevada already somebody like me are huge as a broadway all these sort of people there are many many thousands of peter mares and of thousands and thousands of people within bitcoin are libertarian sorts perhaps it is a sovereign nation that they're building highlander land in the vada anyway nevertheless i thought it was interesting i don't interesting because it means the us government will be challenge from nevada i very much doubt it because even the sovereign nations of like navajo nation or soon it look otoh a nation they have no sovereignty even though there can't direct their own money and

and i finally narrowed down my thinking and i knew kodak and coca-cola were the most recognized namesn the world so i just said what do they have in common and they had a strong case sound so forgot what i decided i want my product name and company name to have a "k" sound. it came to me sitting in traffic atlanta where i live and i saw it sort of come over the dashboard in my mind. i pulled over and wrote it down and when i was trademarking at night on my computer i went to my website which i'm sure you all know very well, it's like my home away from home. i typed in spanx into the last moment i backspace and changed it to the letter at and trademarked it with my credit card. can i tell you how bad the runner-up name was, "open-toed delilahs." [laughter] i don't think i would be sitting here with you if i named the company "open-toed delilahs." [laughter] it makes you look better and nobody ever forgot it. nobody talked about undergarments, not on the red carpet is no less no less, so nt something fun i'm a big believer in having fun and being able to laugh at herself and all of a su

condos and they think adding blotching to it will add premium just like block chain to their name like kodak does or you know long island iced tea as a block chain to their name and their stock price stores it could be something like that or it could be the fact that it is next to tesla it could be a lot musky is always talking about a block teen and bit quick flame thrower as it could be the nevada is a zero percent interest is zero percent income tax state it could be the libertarian sorts who are in nevada already somebody like me are huge as a broadway all these sort of people there are many many thousands of peter mares and of thousands and thousands of people within bitcoin are libertarian sorts perhaps it is a sovereign nation that they're building their bill island over land in the mana anyway nevertheless i thought it was interesting i don't interesting because it means the us government will be challenge from nevada i very much doubt it because even sovereign nations of like navajo nation or soon it look otoh a nation they have no sovereignty even though there can't write their own

condos and they think adding blotching to it will add premium just like block chain to their name like kodak does or you know long island iced tea as blocks changed their name in their stock price stores it could be something like that or it could be the fact that it is next to tesla it could be. musky is always talking about a block scene and bit quick flame thrower as it could be the nevada is a zero percent interest is zero percent income tax state it could be the libertarian sorts who are in nevada already somebody like me or huge as a bird with all these sort of people there many many thousands of peter mares and thousands and thousands of people within bitcoin are libertarian sorts perhaps it is a sovereign nation that they're building highlander land in the mata anyway nevertheless i thought it was interesting i don't interesting because it means the us government will be challenge from the voter i very much doubt it because even the sovereign nations of like navajo nation or soon it look otoh a nation they have no sovereignty even though there can't direct their own money and so try

companies thatat originated outside of the cryptocurrency space, like kodak and burger king have recently jumped into the cryptocurrency space. however, some critics have warned that companies are using block chain as an opportunistic venture to pop up stock prices without having a clear business plan. long island tea changes name to long block chain and watched its stock soar. i concerned that consent -- are you concerned that companies may be using block chain as a scheme to bump up their stock prices? >> the short answer is yes. the longer answer is, i have put out a warning in the space. i have put out a warning to securities lawyers as well which is nobody should think it is ok to change your name, to something that involves block chain when you have no real underlying block chain business plan. and try to sell securities based on the hype around block chain. >> what does that mean -- meanally westmark >> specifically? sec website,on the a speech on this. this is an area of concern for us. is something new, people seek to raise the value of the securities without the underlying goods

and i knew coca cola and kodak. and they both had k strong sound in it. so i said for good lucky wanted k sound in it. and literally spanx came to me and i saw it come over the dashboard in my name and i pulled over and wrote it down. and when i was trademarking it that night on my computer, i went to my website which i'm sure you all know very well usptogov, like my home away from home, typed in spanks, and then i had x and trademarked it. but can i tell you how bad my runner-up was? open toe delilah. that is so bad. >> rolls off the tongue. >> so bad. can you imagine? i don't think i'd be sitting here with you if i named the company open toed delilah. >> but spanx is here makes your butt look better and nobody forgot t and my space i broke into super boring. no one talked about under garments. >> and the red carpet. >> naming it something fun and laugh at your self. then dj is it like i want this girl who invented spanx. so i brought life to a sugar meant that was super boring. >> without a doubt. foot his panty hose to a host of products. >> yes. >> th

i knew kodak and coca cola were the two most recognized names in the wrong. i thought what did they have in common? they both had a strong k sound in them. and i said for good luck, i wanted a k sound in it. and literally spanx came to me when i was sitting in traffic in atlanta, where i live. and i saw it come over the dashboard in my mind and i pulled over and wrote it down. and when i was trademarking it that night on my computer, i went to my website which i'm sure you all know very well usp uspto.gov, like my home away from home, typed in spanks, and then i hit x and trademarked it. but can i tell you how bad my runner-up was? open toe delilah. that is so bad. >> rolls off the tongue. >> so bad. can you imagine? i don't think i'd be sitting here with you if i named the company open toed delilah. spanx is all about right here. makes your butt look better and nobody ever forgot it. my space that i broke into, super boring. nobody talked about undergarments. >> on the red carpet, no less. >> definitely not on the red carpet. by naming it something fun, i'm

i understand that companies that originated outside the cryptocurrency space like kodak and burger king have jumped into the cryptocurrency space and some critics have warned that some companies are using block chain as an opportunistic venture without having a clear business plan. one company long island iced tea trained to long block chain and watched the prices soar. are you concerned that they're changing to both of you. >> the short answer is yes. i've put out a warning in this space and to securities lawyers as well. nobody should think it's okay to change your name to something that involved block chain when you have no real underlying block chain business plan and try to sell securities based on the hype around block chain. >> when you say you put out a warning, what does that mean specifically? >> well, we put out-- published it's on the sec website, i made a speech regarding this, this is an area of concern to us. anytime there's something new that people seek to, you know, raise the value of their securities without the underlying goods being there. >> right. >> it's problema

it is time for our stock of the hour.trading lower for a third day in a row is kodak. stock is down more than 20% over this time period. abigail doolittle is here. tell us why. abigail: it is remarkable. the current imaging the absolutelyo giant plunging today and yesterday and the day before. yesterday was the biggest drop after they said they are deleting their initial quinn offering, dropping 13% -- coin offering, dropping 13%. bitcoin is down from its peak, really taking some of the air out of the possible bubble. if we happens the bloomberg and take a look at the technicals, there is reason to think that going to continue to drop. here is the uptrend of last year's big move up. the areas of consolidation between the bears in the bulls late last year. we had lots of volatility. raking out of that area suggesting we could see bitcoin go below $1000. it is not hard to make that case based on that chart. it is hard to believe. shery: oh my gosh. abigail: would you be not dissimilar from other bubbles we have seen with a reverse. the question is, where are the winners?

i did kodak film. i did spaghettios. i did kool pops, mccall's catalog, sears catalog... 2... 3... 4... 5... 7... 6... 6... 8... 9... 9 -- >> man: 10...9... 8...7... 6...5... 4...3... 2...1... 0! >> lyndon johnson: these are the stakes -- to make a world in which all of god's children can live, or to go into the dark. we must either love each other or we must die. >> the stakes are too high for you to stay home. >> it was a very effective ad. [ laughs ] i think it only ran once or a couple of times, and then they took it off the air. but they showed it again and again and again. >> all three television networks had run it in its entirety within their newscasts by the end of the week. and, so by the end of the week, probably 100 million people had seen it. >> you know, i know my grandmother was really concerned because it was a lot of negative publicity. a lot of people were saying bad things about, "how could parents let their child blow up in an atomic bomb?", stuff like that. >> goldwater's reaction was that that's pretty much what he'd expect from that blankety-blank

. >> a lot of executives from kodak and xerox and lawyers. >> charlie was the younger of two boys. his parents gym and gene born in china lived in canada before moving charlie and his brother to upstate new york. his dad ran a tech business that thrived. home just radiated upper middle class comfort. his friend ana had been there on occasion. >> i we went over to his house. i didn't know his parents very well. talked to his mom a couple times. didn't have much conversation when we were there. >> little was noknown about his parents and charlie didn't offer details. if he had secrets, it wasn't for the outside world to know about. >> very good at keeping emotions in. >> i have no idea what the home situation is like. i didn't know before and i don't know now. >> other than a few 911 dispatcher and a few on the officers, the wider community, the friends of charlie tan, certainly knew nothing about the whispers of domestic violence. >>> he stopped in unexpectly to visit the football coach. softer side that his kids know hel always be there for him. >> if you have aproblem, come on and

kodak was one. they were going to have a crypto coin and they put on hold. it is the fast motion.ber the .com boom. they would just stick .com on to their company's name and it would go up for a long time and then they would say it is not really in this business. long island iced tea was never in that business. they talked about it. they got on the bandwagon. unfortunately, the bandwagon went off the rails. julia: it could be delisting from the nasdaq. the pop higher we saw and share price. -- in share price. we have a great chart that shows some of the other prior historic bubbles we have seen. to give you a sense of the run up we saw in bitcoin. bitcoin is white. and we can. the things -- and then we compare to things like tt his. what was that? a flat line. just again a bit of perspective here on the highs and the lows. you know? scarlet: a lot of perspective is needed here. you said you were there for the .com bubble. if you look at bitcoin, it is still very much in a bubble. rob: i was thinking today right around the time it was about this level last year in november, i was t

francine: what about kodak? but they are using blockchain technology to track images. if i am a freelancer and put an image on a post and i can get royalties from that. is that a useful way we should look at it or you think that is also rubbish? noriel: every other day there is -- a corner of the world that attaches the name blockchain and their value goes up through or four times based on nothing. nothing. you are first to show the technology of blockchain works, the transaction costs are low. if you make a transaction to sell one photograph or license, you have to pay $50, it will not be viable. these things are not scalable. it interesting you want to change her name to getel bit roubini to attention. you saw twitter blowup last night. there's a lot of believers out there and this is what francine alludes to. what do you want from secretary mnuchin to get in here before we see these huge write-downs? are gettingcymakers worried. pretty much every g20 policymaker is talking about cracking down. they want to cr

couple of questions i understand that companies originated outside the crypto currency stage like kodak or burger king have jumped into crypto currency space however some critics said they are using block chain as an opportunistic venture to pump up the stock prices long island i.c.e. tea changed its name to long block chain so are you concerned companies could be utilizing this as a scheme to pump up stock prices? >> the short answer is yes. the longer answer is i put out a warning in this space to securities lawyers as well that nobody should think it is okay to change her name to something that involves block chain with no real underlying block chain business plan to try to sell securities based on that type. >> what does that mean when you put out a warning? >> on the sec website that this is an area of concern to us anytime there is something new that people seek to raise the value of their securities without the underlying goods to be there is problematic. >> so the jurisdiction of the cftc. >> the leader is correct instructions on amendment numbered 1932. mr. mcconnell: i ask for

looking out the window and just kind of saying gosh, isn't that pretty, taking a picture with your kodak instamatic or now your iphone. it's kind of the same thing. very tourist focused process. one of the other important aspects of national parks is these places were not empty when they were set aside to make parks. almost every single park in -- well, both the west and the east, but certainly the western parks, almost all of them were inhabited by native americans before they became parks. part of the process of understanding the story of our national parks is understanding the people who are displaced from parks in order that they become these sort of unchanging iconic natural scenery parks. we're going to talk more about wilderness in this class in a few weeks. but just to bring up the idea very briefly, there's been a lot of critique over the last few years, i'm someone who writes about this a lot myself, of how the concept of wilderness is very ethno17 particular. it tends to edit out the native peoples of the americas and sort of have this idea that before white people started sho

efficient and safe in doing that and the policies of the european union as spouses, especially through kodak's and preaching their doctrine, they take punitive action on countries who will back the use of these technologies and something we have to step up as leaders inthis world to push back against because the last thing we need is more famine . we don't need people facing hunger. we need to be able to use the agricultural production of each of these countries, use it efficientlyand safely so that there's less instability overall . >> if i can ask you about something you brought up, you mentioned the importance of for the united states, being able to set standards internationally toward trade policies. part of the reason that the previous administration really pushed on the transpacific partnership was because of its ability potentially to an act standards broadly across the asian-pacific region of the us standards. the current administration has taken the approach that wants to pursue bilateral trade deals as opposed to multilateral trade deals. do you think that same pursuit of setting sta

i understand that companies that originated outside the cryptocurrency space, like kodak and burger king, have recently jumped into the cryptocurrency space. however, some critics have warned that companies are using block chain as an opportunityist venture to pump up stock prices without having a clear business plan. one company, long island ice tee i understand changed name to long block chain and watched stocks soar. so are you concerned that companies might be using block chain as a scream to pump up their stock prices? >> the short answer is yes. the longer answer is i've put out a warning in this space. and i've put out a warning to securities lawyers as well, which is nobody should think it's okay to change your name to something that involves block chain when you have no real underlying block chain business plan and try to sell securities based on the hype around block chain. >> when you say you put out a warning, what does that mean? >> we published on the sec website, made a speech regarding this. but this is an area of concern to us. any time there is something new that people

companies from kodak to the long island iced tea corporation, a number of them have been looking to cash in on the crypto craze last october this medical equipment company called bioptix changed its name to riot blockchain and saw its stock rocket from $8 to $40 a share just like this there are risks to investing in cryptocurrencies our investigative team found out about those risks. >> reporter: we skasked richardi a rns to review right blockchain do you see any red flags >> yes, a company with change of control of the board i see a company that's had a change in business i see a company that had several dilutive issuances immediately following the change of the board and change of the business and i see a stock that has gone zoom what i understand, a significant amount of insider selling. yes, these are red flags. >> reporter: as a securities lawyer, what would you tell potential investors about riot >> well, in my position, normally i'm not telling investors whether to buy or sell securities in fact, that's not my job but, if the question is, are there things an investor should be war