. >> rod kurts ask here with us now and larry chang. company invests in high growth boot strap companies. and jessica hairon is the founder and ceo of stella. a serial entrepreneur which had della and james which. >> thanks for having me. >> yes. you used to have editorials, magazines be a then sales and stores. now it is merging. >> it is an interesting trend. as you know i've been in the content business my whole career. i noticed a couple year back, the slow trend of entrepreneurs wading into the content waters. a lot started with a simple blog. then it became their own youtube channel. then as you on the piece, very sophisticated content operations. you want it keep people engage pepd draw them in. get them to procrastinate. i think the take away for entrepreneurs in the whole range is we are all in the content business now. >> this is exactly your world. how important is content to you? >> we think of it as providing a great customer experience. when we sell our accessories line, we are not trying to sell a product, we are trying t

she eventually settled in las vegas where she met larry and, by this time, had changed her name to elisashe told the police that she was at the horse show in arizona when she found out police wanted to talk to her about larry. and so she took off in her jaguar, drove from state to state. >> where were you headed at this point? >> i didn't -- just away. i didn't know where. >> so with the preliminaries out of the way, now came the big question -- what happened to larry mcnabney? elisa, without hesitation and without even being asked, spilled the beans. >> and did i kill my husband? yes, i killed my husband. >> there it was. no apology. no evasion. she simply confessed to killing her husband, larry mcnabney. but -- and this was a but with a capital "b" -- that wasn't the whole story. not even close. >>> coming up -- the rest of the story. did elisa have help? >> and i freaked out. >> she was going to throw him in the hole alive. >> yes. and i was freaking out. >> "she"? who was she? >>> there is a purity to confession, a real cleansing of the soul. and now, after months on the lam, elisa m

. >> reporter: body tech, getting weighed and measured weekly consulting can owner larry kay to change eating habits. >> it's usually a direct result of diet. so we do our best to correct these problems with food. >> reporter: type 2 diabetic charlie harmel is happy with the results too. >> i hear more energetic, i experienced this myself. it makes them more productive at work and also in their own personal lives at home. >> it's nice to feel healthy and to go out and ride my bike and be active and not feel overwhelmed or tired or, you know, unattractive. >> important stuff. by the way, monica and jessica doyle will be at the stop diabetes event tomorrow morning at the national harbor. registration at 8:30 and go to wusa9.com for more. >>> sunscreen is supposed to protect your skin from frying in the sun, right? imagine putting it on and then you burst into flames. it happened to a handful of people and tonight, banana boat is pulling a half million bottles of spray on sunscreen off the store shelves. apparently, the lotion can ignite when it's exposed to fire. >>> texas land mark went

larry ellison. what game changing products does the firm have in the pipeline, and what will the free-spirited ceo buy next? find out straight ahead. >>> and class action. in another exclusive, the man in charge of settling claims against convicted sexual offender jerry sandusky talks to maria about how penn state will administer proper compensation to the victims. that and a lot more is still ahead on the "closing bell." ifo improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> where can back, e

does that change your trading strategy at all larry? > > well, if you are an aggressive trader like me, a pit trader like some of your viewers out there, angie, and you have your finger on the button when those numbers come out, certainly that's a way to take advantage of opportunities in the markets. they move a lot when you get a five-year high in a number like consumer confidence. but if you're not an aggressive trader, i don't think it matters so much. it's really if you have your finger on the button when those reports come out. > > thanks larry. have a great day. > > you too. thanks. jamie dimon, ceo of the nation's biggest bank, jp morgan chase, says the housing market "has turned a corner." that's based on record third quarter profits for the bank, due largely to people refinancing their mortgages. jp morgan chase made $5.3 billion from july through september, an increase of 36% from last year's third quarter - a lot of it due to people refinancing their mortages. "it is a confirmation that we have an improved labor market, beca

you guys are suggesting that the debate is going to change everything. >> to larry says romney has aachete and he's taking heads off in the primary debate. you say there's a small group of undecided voters that romney still needs to capture. i'm not hearing from the romney people that he needs to be that aggressive. if he's too forceful, he may risk alienating some of the people david is is talking about. >> really, really go head to head. for example, there was a lot of talk that mr. romney was going to fact check president obama as obama made false statements, as obama always does make false statements. >> oh, come on. >> do you think romney will fact check him or is that too cheeky or snarky in a debate? >> romney has been preparing for the debate. he knows the issues, he knows the data. what they're trying to do is get romney to pull back and go back to that big vision. >> what vision? where is it? >> tax breaks, 20% across the board. >> that was beautiful the way you got that out. hold on. you can see the whole presidential debate here on cnbc wednesday night, coverage begins at

changing. charles: larry, thanks a lot. see you soon. our corporations people?ey said this last year. >> corporations are people, my friend. of course they are. [laughter] where do you think it goes? charles: elizabeth warren responded with this. >> and mitt romney tells us in his own words he believes corporations are people. [laughter] no, mitt, corporations are not people. charles: joining the company from irvine, california, author of the best in us. we want you to make a case here. you say corporations are not people. >> it is not quite that black and white, charles. in the true sense of the word, a corporation is a person in a legal sense. for accountability reasons and for rights. where we struggle is the de facto real world experience with any organization. there is a real world experience where the corporation in a sense is like a flock of geese is a goose. of course, that is not the case. in a sense, governor romney is exactly right. he is speaking about it in a legal view. charles: you do not agree, though, that a corporation is a person. >> what i am

facebook, the companies over the past 50 years that have changed our live, facebook is right up there. number two. not number one. gave that to larryally the year at google, also incredibly enormous influential important company that also changed our lives. larry page has been in the ceo spot a little over the year. the year he really started to put his on stamp on google. cut away layers of management. closed projects that weren't working. stock at an all-time high. android operating system a runaway success. we really felt this was really his year to be number one. >> and i see tell us about the other big names on the list. i see ben jealous here, the president and ceo of the naacp and other interesting names. david, former chef from mamafuco restaurant group and other big names. >> you mentioned the big ones. also a lot of new, interesting discoveries. ceo of heineken in the u.s. he's 39, running the business here in the u.s., doing a turnaround. the president of an airline in india called indigo, and it's india's fastest growing, biggest airline by market share pap low-budget airline but it is the world's fastest growing aviati

that said, to larry's point, two other things have changed.y within one shift alone is so much more. an aircraft carrier today can do nine times the strikes in 24 hours. nine times the target in 24 hours than the same aircraft carrier can do 15 years ago. the new domain in warfare is knowledge. to have satellites and pick up. link in realtime to aircraft going on. it's not how many ships, it's capability with the knowledge. number two is accountability. everyone wants accountability in our spending. take the aircraft carrier? >> if i may object. not everyone wants that. there's an industry of contractors that would not like it. >> the people in pennsylvania want it. therefore, what you see in that aircraft carrier that was asked for a few years ago of $11 billion, the confidence factor that that price was right was about 35%. would you buy a car if the car dealer said the price you are going to pay is roughly a third of what i tell you and you pay me next year? that's why we have costs in 2008 of over $300 billion. we have a tyranny price. >>

larry ellison is at the mike. he is expected to announce a major change in oracle's database business. specifically oracle will introduce their new 12-c database. the conference runs through wednesday. a serious accident in san francisco, it happened just before nine this morning at-battery and green street off the embarcadero. one car flipped on to its ruth. rescue crews cut the person out of the vehicle. at least one person was taken to the hospital. the so-called carmageddon 2 in los angeles is going off without a hitch. well, almost. take a look at this. a huge piece of the bridge being demolished suddenly fell. workers had to high tail it out of there in a hurry. luckily no one was hurt. the closed ten-mile stretch of 405 freeway is on schedule to reopen early monday morning. >>> just ahead, the big delivery the post office will not make tonight that could get it in some hot water. and two northern californians are big winners in the lottery. where the winning tickets were bought. and plus the excessive heat watch called off, but it's still going to be warm. leigh glaser is coming

. >> shannon: larry, how did they change the conversation the way that conservatives and liberals dealith each other in the world of new media and social media? >> well, andrew was a pioneer of new media, and he helped democratize media and give a voice to a number of people who had been shut out for years in particular on the conservative side. he helped level the playing field for conservative voices, both in politics, the media, culture, entertainment, and this movie captures a big part of his battle to do that. >> shannon: in many ways, larry, it seems like he rather than shying away or have the politically correct conversation, i mean, he went right into the faces of those he opposed to call them out publicly and there was no sort of delicate balance about doing it. >> no. andrew was a brawler, and andrew was fearless, and it's interesting that andrew marcus chose the title hating breitbart for the film which by the way is an excellent film, and andrew did a great job with it. because people came up to me after andrew passed away and said did andrew like to be hated? he was always

changes be? >> well, that's one of the things, larry. when they talk about it, they call it collective bargaining proposal. it has it's role and place. i've done it successful twice now with state employee groups and it works well. what this would do is wipe out a whole bunch of other reforms in terms much pension and other benefits, ways we reinvent michigan in a positive way. that's where i hope our citizens turn out to say we have a comeback and let's not move back in time. >> i get that. regarding governor scott walker in wisconsin and governor mitch daniels in indiana, they passed tougher laws restricting collective bargaining. indiana is a right-to-work state now if i'm not mistaken. do you want to go that far over aa period of time? >> what i said from the time i started campaigning, i didn't put right to work on my agenda. it's decisive issue. we have great results in michigan, a lot of positive progress. this tees up right to work as an issue as a practical matter. i asked the labor community not to do this ballot proposal becau

change the policies and procedures. >> reporter: after nearly two hours, councilman larry reed handed the family his copy of the police report. a thick document oakland police released today. blueford's mother says it's a shame it took five months to get the answers she needs. >> we want answers. and i feel as his mother, that's my right. >> reporter: a family attorney says blueford had a gun the night he was shot and killed. but said he was not fired. now, the police report was just piece of the blueford case. the district attorney office and the oakland police department is investigating that shooting and will decide if it was justified. >>> just into our newsroom, oakland is the first u.s. city to offer combination government i.d.s and bank cards to all citizens. city council members voted to give the final go ahead during tonight's session. all residents can get a card. the debit card fax function keeps people from having to carry cash. the cards will roll out in 60 to 90 days. the price will be a one-time fee of $10 for minors and senior citizens and $15 for adults. richmond is considering a similar program. >>>

change? >> >> leading after these guys on the policy side. [laughter] >> larry, do you want to -- >> go ahead. [laughter] >> ken, there's just so much i would change. i don't even know where to begin. >> we only have a few minutes left for that question. >> you know, from a high level, i think i kind of said it when i gave my opening remarks, that we need to migrate from these small carriers, from a voice-centric support world to a broadband-centric support world because i think we all agree that that's the communication medium of the future. and the fact is it needs to be at some form comparable to what it's been in the past if we want to see the same success getting broadband out to everybody that we saw, getting voice out to everybody in assuming the cost to do either is comparely comparable because, like i said, a hot o is the cost -- a lot is the cost of getting the fiber out there. we need a sport -- support mechanism that's comparable to what we've had in the past. so migrating to broadband with a support mechanism is a historical level. >> if i had my ma

. >> larry, how has the state changed politically and/or demographically over the past four years?well, you've added a percent minority to virginia's population. i would say probably white voters in virginia will constitute no more than 72% of the turnout. the rest will be minority. president obama gets 80% on average of all minorities put together whereas romney needs to cross, in this state certainly, the 60% mark among white voters in order to win. >> nathan, as we just saw there on the graphic, african-americans the largest ethnic group there in virginia. they represent roughly 19% of the population there. how critical will turnout be among black americans? how critical will that be to an obama victory? >> i think the president isn't going to have a problem with african-american turnout, even though it is -- >> really? not compared to four years ago? >> even though it's not the same enthusiasm as electing a black president for the first time, the fact that he's still president re-elect will be important. it's going to be more about turnout in northern virginia, but also flippin

change the world. that's the second part of the mission which is to find disruptive founders like larry and sergei, like steve jobs, like orville and wilbur, people who have dreams to change its world and we're here to help them get there. >> rose: where are you going to find them? >> wherever they are. >> rose: and how are you going to find them? >> with the help of people like kevin and the rest of my team. >> rose: you came to google after having done other things. >> uh-huh. >> rose: why did you decide to come to google? >> hi taken some money from google ventures during my last round of financing when i started a company called milk. so i got a chance to work with the team. for me i would raise a bunch of venture capital over the years. and i like to work with people who have actually gone off and built businesses. and so some of the partners there, we have the co-founder of excite and and road. so i'm learning from these guys at the same tied. >> rose: so where do you think google ventures is going to make its mark? >> well, for me, i'm focused on early stage start-ups so i'm trying to find the ne

changes my body. >> there is bloomberg west. hi, nicole. >> and good afternoon, larry and carolyn. zynga needs all of the help it can get. now, the company deadlocked developers. >> and yesterday, and today the stocks only 12% at the close. $2.48 when it finished and there is only a handful of tech companies have gone public. and now, we can have another one, look out for ruckus that makes wireless equipment. suggesting only $94 million, net income $24 million and our secondary offerings, guys new ipo? well, maybe if you're a debt company it's doing well. and network security company is almost up 60% since it went public a few months ago, business software maker had more than doubled since it's june's ipo. and companies hold offerings like secondary to try to raise additional capitol. samsung gaining on apple. the giant is winning big with its phones. earnings in the mobile part of the business just soared 93%. this comes after samsung lost a patent war with rival and apple. >> adell's new song setting new records today at the top of the charts. it became number one less than 10 ho

larry. thank you for that. why these changes in your map?nd what changes are you really looking at that you think our viewers should know about? >> well we made two changes in the romney direction because of the first debate. most presidential debates, jenna, really don't matter. they don't move the needle but boy, every now and then you have a debate that does and denver was one. you know, many people suggested that romney would do well in that first debate. very few people, at least that i know, thought the president of the united states would essentially fold his cards in the first debate. this was a shock to people. we've moved virginia from lean as obama where it had been for quite some time, into the pure toss-up category. there are only two other states in pure toss-up, colorado and new hampshire. we also moved florida which had been a pure toss upinto the leans romney category. this is really important because it brings obama down to 277 electoral votes. once you allocate the states that are leaning. it means that romney can win if h

change the top? with us is zach and larry mcdonald. zach, this -- wall street has been a troubled industry anyway. you think that has something to do with their view of the administration right now, yes? >> yeah, i mean, first of all with the lead-in of that commercial to this, i'm having a hard time fully taking this segment seriously. >> well, it is -- >> can you take it seriously with that ad? >> that's what i'm saying. and weirdly enough, "sesame street" actually asked the obama administration to pull the ad because they felt it was doing an injustice to "sesame street." i think separately from this, some context. obama raised $181 million in september. the $3 million swing from 2008 that wall street gave to obama and the $3 million it's now giving to romney, it's significant as a swing, but i don't think we should overstate the impact this will have electorally. on a deeper level, wall street is a contracting industry. that is simply a product of 2008. i think that would have happened regardless of whether or not mccain or obama had won. there is a degree of looking for a source of blame rath

larry ellison's rare take. >>> and what boomers are doing to save for retirement and how the new normal changes the rules of the game p. as we go to break look at how the stock market ended the wook. embarrassed about my skin. [ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9 months. [ male announcer ] because enbrel®, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections,

larry ellison's rare take. and what boomers are doing to save for retirement and how the new normal changes the rules of the game as we go to break look at how the stock market ended the week. open enrollment is here. the time to choose your medicare coverage begins october 15th and ends december 7th. so call to enroll in a plan that could give you the benefits and stability you're looking for, an aarp medicarecomplete plan insured through unitedhealthcare. what makes it complete? it can combines medicare parts a and b, which is your hospital and doctor coverage with part d prescription drug coverage, and more, all in one simple plan starting at a zero dollar monthly premium -- no more than what you already pay for medicare part b. an aarp medicarecomplete plan offers you benefits like an annual physical, preventive screenings and immunizations for a $0 copay. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. there's more. when you enroll in an aarp medicarecomplete plan insured through unitedhealthcare, your benefits could also include vision a

larry williams author and veteran futures trader. thank you. all right let's wrap up with loose change at dimitri i want to talk to you about the interview we had earlier on this whole idea of catastrophe bonds and hedging against the risk of not the financial system not the mortgage market not the european sovereign debt crisis but the web what do you think of that i think this is really interesting actually you this was a pretty pre-tape interview because stephen is located in london so after hearing the interview i had some questions for him and i gave him a call because what i admire her first heard this i thought immediately i feel like some of things you said as far as people really understand the risk models and going in with their eyes wide open i think there are a few points i want to make number one i think this is an example of how. financial innovation can sometimes get a bad about rap when it shouldn't because this clearly addresses risks it does a good job of trying to spread those risks for example taking away from insurers or reinsurers and putting them into a broader c

larry, carolyn, back to you guys.. >> we're so dependent on the devices. it's brutal. we're seeing a change in weather. >> we are. i'd be happy if the rain held off for the parade. not such good news. it's going to be wet foremost of us. here is a live view looking eastward towards east bay. it's gray out there. you can't see clearly, but off to the bottom left there is a portion of downtown. you can see there is a large mass the moisture in the north bay now. it's raining over a wide expansion pans in santa rosa. rain sweeping down through snonla county beginning to touch parts of northern marin and corners of napa county. it's all in the north bay now moving towards golden gate. other parts are cloudy. temperatures mild at the moment. cool up in santa rosa. 57 degrees and low to mid 60s in all other parts of the bay area, forecast features it's going to be a rainy night. showers lingering tomorrow morning. then clearing into afternoon. we'll have a subsunny, warmer weekend ahead. satellite radar shows the approach of the gold front bringing us wet weather. it's going to be wet. overnight. right now, looking at

but cnbc's jane wells discovered the debate may change the national mood in another way. good evening, jane. >> hi, larry yes, some of us will be watching to figure out who to vote for and some of us will be watching to figure out when to drink. let me be clear we will have the official cnbc debate drinking game after the break. ♪ ♪ [ male announcer ] its lightweight construction makes it nimble... ♪ its road gripping performance makes it a cadillac. introducing the all-new cadillac xts. available with advanced haldex all-wheel drive. [ engine revving ] it's bringing the future forward. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. >>> you're looking at a live picture from the university of denver, the site of the first debate between president obama and mitt romney. debate begins in one hour, 20 minutes from now, debate insiders say the first ten minutes are the key tonight. after all, you only get one chance to make a first impression. so

change it. >> i don't know. >> for the better. >> just connect. just connect. >> all right. you have 54 seconds left. >> fluffy leggings. >> all right. let's have a big round of applause for larry. [applause]

larry. >> good evening, judge. >> good to have you with us tonight. so we had a change there is no question that romney won the debate. the numbers are moving in romney's direction. the money is moving in his direction. what will happen at the town hall? >> well, governor romney has to continue to score big. remember bounces fade. he is getting a bounce. how could he not? 67 million people watched that debate. and show saw the tremendous gap that existed between the two candidates on the stage. as jon stewart said there is no red america, there is no it blue america, this is just an america that agrees that president obama bombed at the debate. and look, judge, to put it into context, four years ago when mccain and obama debated, 5 million tuned in. this was a much larger audience. but romney has to continue the momentum. he has to score big at the two remaining debates to continue the momentum. >> judge jeanine: do you think that obama is going to go on the offensive now? if they are all saying he wanted to be presidential although i thought he was totally disengaged.

> holman: in today's installment of "ask larry," retirement expert laurence kotlikoff takes your questions on social security, including how marriage might change disability benefits for mental illness. we take a spin in a "driverless" car in california, where new legislation allows automatically piloted vehicles access to the open road. and poet sharon olds reads some of her work on art beat. all that and more is on our web site, newshour.pbs.org. judy? >> woodruff: and that's the newshour for tonight. on tuesday, we report on the race in north carolina, which president obama turned blue four years ago, with the help of an historic african-american turnout. i'm judy woodruff. >> brown: and i'm jeffrey brown. we'll see you online, and again here tomorrow evening. thank you, and good night. major funding for the pbs newshour has been provided by: and the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to you