executive chairman william lauder. p-l-a-y with our t-a-b-l-e-t? [ mom ] i think it's fine. it's the new element from at&t so it's w-a-t-e-r proof. cool. what else does it d-o? it's fast. it's 4g lte. what's l-t-e spell? nothing. w-h-y? hey, can we stop spell talking now? ok. a-y. [ male announcer ] buy a waterproof pantech element for $249.99 and get a 4g burst smartphone free. only from at&t. >>> let's check out shares of drugmaker eli lilly. it will freeze the pay of most employees this year, a patent on its best selling anti-psychotic zyprexa drug is coming off patent and others. lazard a net revenue of $452 million, falling below wall street estimates and raising quarterly dividend from 25 po% 20 cents a share. larry is a former lazard man. you can save -- >> we'll be very diplomatic. >>> when we come back, glenn hubbard, mitt romney's economic adviser, will detrukt housideco housing and the jobs market. >>> and treating combination skin, executive chairman william lauder. >>> scoring the super bowl ads, a look at

lauder has found great success in another alternative area of investment.ple years ago he paid $135 million for a painting that now hangs in the gallery in new york. i hope i did justice to the name. >> you are the few people who pronounce it correctly. >> good. i think that's because i've been there. the purchase was handled by christies and christies post war and head is here and brought into the conversation. welcome back. >> thank you. >> great to have you with us. >> great to be here. >> what is it about art that attracts you apart from the intrinsic value. why is it so hot today? >> first of all, i started off and i'm not an investor in art. i'm someone who has a passion for art. and i love art. but what i've also said is there are three levels of art. there's the oh, oh my, and the oh my god. you want to buy the oh my god. >> yeah. >> that has gone up dramatically. we see today the sales, it's either the big ticket item or the small things. in the middle gets hurt. and paintings that i purchased many years ago for a very low amount -- >> the climpt w

who would have fought estee lauder? it is satire and then becomes real. so kim kardashian is funny now but in 2013 when they're studying her rear end and her marriage, so on and so on, stalin rushdie wrote a poem about her. there's a lot of material here. lincoln has very little. but kim. i have to say i am one of the few critics that keeps hammering at the question that the crucial reason things can't be turned around is americans literally don't have the gray matter to do it. this is very impolite. there are one or two others saying it. one is phillip green. ville political scientist doing an article called farewell to democracy and he wrote what seized the critical mass of americans is historical amnesia and intellectual peculiarity. the result is politics of social self destruction. let's put it on the line. if you're stupid you can't do all that. in the aftermath of the crash of 2008 very few people promulgated the ideology that led to the crash got appointed as president's economic advisers. tim -- not as in the wall street financial leader has face

who would have thought este lauder. it's satire, but then it's real, and in 2013 when they study kim's rear end, marriage, and divorce, one of the world's living writers wrote a poem about here. there's a lot of material here. lincoln is very little, but kim, you know? [laughter] i'm one of the few critics hammering at the crucial reason things cannot be turned around that americans don't have the gray mat matter to. this is very impolite, but there are phillip greene saying it in an article called "farewell to democracy" and wrote what seized the critical mass of americans is historical amnesia and intellectual acuity, a politics of social self-destruction. put it on the line, you know? if you're stupid, you can't do a whole lot. [laughter] >> the people who promulgated the crash, got appointed as the president's adviser, and not a single wall street financial leader faced jail, and, indeed, major corporate figures who brought the economy down were awarded huge bonuses and some secured appointments at johns hopkins, an

. >> shortly after that, american vogue and shortly after, signed to represent este chlt lauder. >> theosmetic giant's first latina global face. a multiyear contract at a rate of more than a million dollars a year. >> it definitely makes them a household name immediately. >> fitted by vera wang. in the ads of stella mccartney and most recently chanel. >> i always wanted the greater and the bigger. i came here with a purpose and to finally achieve it and to also be an inspiration to others. >> joan smalls may be the model to watch, but here is my pick this this season for designer to watch. make that design duo. carly and michelle met at design school. when they graduated, they couldn't find work. told they had too much experience. so they teamed up to start their own label. in just four year, cushnie et ochs has exploded. the first lady wore hair dress and their clothes even made the pages of vogue magazine. >> was it a dream come true? >> yes. >> it's great just to sell our clothes, great that we know that there are women out there buying our clothes. >> keep an eye on them. they're de

if you watch it is more common to see riders breaking out lauder regular basis, insert the san francisco police department. these bike riders will all be issued tickets for running red lights. while the officer is dealing with these writers, watch how many more run the same red lights. it is a problem. >> am i getting a ticket? >> you could be subject to a citation, yes. >>stanley: and the bike rider could be issued a red light ticket. did not act surprised. your identification will be checked just like any other driver and a ticket issued. the cost for a driver running a red light is for the $17. the fine for bicycle list is somewhere around $380. it will not affect your driving record or insurance, only your wallets. for whatever reason, some people think the bikes should be treated differently. >> cars are not bikes. >>stanley: this biker ran a red light and his bike had no working breaks. before he was cited for not having brains which is also against the law. >>pam: if you have a comment or a story idea, e- mail us at peoplebehavingbadly@kron4.co m or not,. >>jaqueline: this is goin

there was a tough piece about ronald lauder's management strategy. the occupy movement is moving "the new york times) to cover issues like that. that is important. critical mindedness is also what "venation" is about -- "the nation" is about. >> what single thing has come of of the -- out of the huge wikileaks document that has made a fundamental change in people's lives? >> i think it plays some role in what we're seeing in the era of uprisings. it played a role. we're doing a project of drilling down beyond the headlines. it has played a role in moving people to see some of the backroom dealings of u.s. foreign policy. it has exposed people to think harder. i do think it played a role in leading people in tunisia and egypt to look at some of the cables and see what people already knew in their gut the soccer field in wikileaks about the alliances between u.s. foreign policy with the most repressive elements in those countries. let's hope that changes as the uprisings continue. anytime you can learn more about what is being done in our name, it is c

we are fortunate that the people like the lauders are interested in the alzheimers deed and it's a private thril philanthropy. >> rose: we hear all the time we should all be doing thgs to make our brain more activity. i'm not sure i understand what is the hard empirical evidence of doing that. >> if you keep your mind active and actually being in good health, keeping blood pressure under control and diabetes, these are protective factors against age-related memory loss. that's something we can actively do something about. >> rose: as we've made very clear here and everyone knows that more and more you meet people that have in some way been connected to either some kind of dementia or alzheimers itself. we are where here in terms of the research and the possible breakthroughs in the near term? >> i think we understand a lot, not everything about what underlies the deed and we are at a point where new treatments being developed now are in people for the first time that really attack the mechanism and we're probably also going to have to to treat earlier and the'sope to delay the disease or p

the national homicide rate, lauder and peak, ten for 100,000. and it is 4 for 100,000. everybody's of satisfaction on this. anyone know what the homicide rate for black men is in the united states? it is over 100 per 100,000 today. that is again the national rate because this stuff is not evenly distributed nationally, socially or geographically. my friend john clovis has done the analysis in a string of rochester neighborhoods called the crescent. many of our cities and not just big cities anymore have these neighborhoods. these historically troubled, entirely african-american neighborhoods. this stuff doesn't go on in white neighborhoods and almost doesn't go on in hispanic neighborhoods. this is a singular lack american problem. in this crescent of troubled neighborhoods homicide rate for 18 and 19-year-old black men is 520 phosphor 100,000 every year which means if you do long division it means more than one in the one hundred black men are killed almost entirely by gunshot every year. lord those work with kids from these neighborhoods that have gotten caught in bos

>>estity lauder, patty? >> europe is not doing well where the u.s. and china are. i would have thought we were selling more lipstick over in europe for those pigs, but who knew. >> lieutenant health care popping 8%. grass grasso? >> you see this name up, and you see hca up. mixed bag for hmos, that group is down. >> and manpower is up as well today, popping 4%. >> ran in the close yesterday. after hours, there were a lot of betts bets being placed but i believe we're jobs related and, in fact, paid off very big. stock opened up dollar. run another dollar since then. running up nearly 5% on the day. >> bill gurley of benchmark capital right after this bake. >>> welcome back. take a look here at the nasdaq 100. it's at session highs heading also for its highest close since 2000. so you're looking at the nasdaq 100 up 1 1/3%. tech has just been performing well of late. so who better than bill gurley to bring in. he's general partner at benchmark capital. strong day for tech. premier firms in the valley. benchmark has investments across the entire tech separations, fro

estee lauder is everywhere. donna karan is everywhere. tommy hilfiger is everywhere. people come in and say, do you have louis vuitton. macy's sells louis vuitton, so does madison avenue. i want to be where the customer wants us and needs us. >> martha has a huge presence on the web as well. some of the best-selling apps on itunes not to mention social media. and basically with about 250 million twitter followers, i think, martha stewart, inc., pretty much a good thing, at least for investors for the last 12 months. before that, the stock had had some trouble. but it seems to be rebounding. >> did she talk to you at all about the dust-up involving jcpenney and macy's? >> she says macy's has renewed their arrangement for the next five years and she made the point that she thinks retail is changing. and as a result of that, jcpenney is going to the store -- in the store concept. macy's will continue their relationship with martha because she feels that people pick stores -- maybe you know this after the supermarket documentary you did. people have their favorite stores.

estee lauder meanwhile also matching estimates, but guidance short of expectations.nd wynn resorts, profits up 67%, but investors worried about the feud between ex-ceo steve wynn and a prominent shareholder. down to the nyse and latest from bob pisani. >> thank you, simon. five to one advancing to decl e declinideclin declining stocks. and are you ready for this? strong volume. we could do 4.5 billion shares on the consolidated, maybe even a little more. haven't done that in quite a while. volume, would you believe it? take a look at new highs of the major indices. dow industrials, all we have to do is close above 12,810 to hit a new three-year high. three and a half year high as well that's historic high for the s&p retail index. it's a basket of all of the retail stocks that are out there. and home builders index, believe it or not, is sitting right near a 52-week high as well. financials are the leadership group even though many sectors are above 1%. particular strength in the big cap financial names. there's your usual suspects. all up 3% to 4%. finally, we had a

shares of estee lauder stock taking a big hit in premarket trading.$2.23, below estimates of $2.26, stemming from an increase in marketing costs for new product launches and you know joe all the cream we put on our faces. >> never before did i listen closely to makeup stories. both of us do. >> moisturizer. >> it's partly being on tv and partly being old. >> but you still have great hair. >> i have great hair. >> how old are you? >> i don't need makeup, i need a surgeon. and i'm looking at bob, too, both of us are -- >> wow! >> he started it! he started it, said he was drinking. he said you were drinking. >> i don't use makeup, it's spackle. >> you know the largest age in this country? >> 55? >> very good, 52. >> that's what they mean by the age. >> a lot of 53 and 51-year-olds and the second largest age, if you get this i'll give you a copy of my book. >> 21. did i get in. >> yes, excellent, my kid. i'm 52. >> just to dampen, 52 is a cliff year, 53 goes down. >> you get stuck in the demographics because you get looked over and hosed every turn when y

. ♪ >>> we got a few stocks to watch, estee lauder was on the list first thing.ded to outperform from market perform. price target up to $24, citing improved profitability in the company's coffee business. 's stay lauder downgraded to neutral from buy at citigroup, says higher investment spending may put pressure on earnings and i remember they had a miss i believe within the last couple of weeks. estee was down big in one session. >>> coming up, violence breaking out in athens over the passage of the greek austerity deal. we'll get a live report. >>> plus what will it take to get the u.s. budget deficit under control? we're going to turn to former deputy treasury secretary roger altman. he'll know. >>> a look at the $41 billion pet industry, which companies are breeding pedigree stocks, when "squawk box" returns. optionsxpress, where you can trade your favorite products, all in one account. keep watch on the markets. or use our exclusive tools to help find ideas. it's powerful, easy-to-use technology for trading stocks, options, and futures. keep trading whether

and shortly thereafter american vogue and shortly tlafr she was signed to represent he is stestee lauder at a rate of more than $1 million a year. have you seen what it has done to models' careers? >> yes, it makes them a household name immediately. >> fitted by ver ra wang, stella mig cart any and most recently chanel. >> that was one of the greater and bigger. i came here with a purpose to finally adhooef it and be an inspiration to others. >> supermodel joan smalls, elina cho, cnn, new york. >> for more you can watch fashion backstage pass airing next saturday, february 25th, 2:30 p.m. eastern time. ♪ [ male announcer ] the 2012 m-class continually monitors blind spots, scans the road to reveal potential threats, even helps awaken its driver if he begins to doze. so in the blink of an eye it will have performed more active safety measures than most cars will in a lifetime. introducing the all-new 2012 m-class. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. 8% every 10 years.age 40, we can start losing muscle -- through mercede

global face of esteee lauder. >> it's like a go-getter heart like i'm coming to get it.the fashion industry, watch fashion backstage pass airing on saturday, february 25th, at 2:30 p.m. eastern. a more fuel-efficient turbocharged engine. and a completely redesigned interior. ♪ the new c-class with over 2,000 refinements. it's amazing...inside and out. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. ♪ [ sighs ] [ bird chirps ] [ bird squawks ] ♪ [ bird screeching ] ♪ [ elevator bell dings ] [ sighs ] how mad is she? she kicked me out. but i took the best stuff. i'll get the wrench. ♪ [ male announcer ] kohler's tresham collection. life. with a twist. ♪ >>> cnn's full coverage of whitney houston's funeral will begin at 11:00 a.m. tomorrow. whitney houston, her life her music on cnn and cnn.com. >>> news corp. has been under fire for months but rupert murdoch plans to launch a new sunday edition called "sun." the new edition of the the "sun" will replace what he shut down during the peak of the crisis this summer. >>

>> and then shortly thereafter with american vogue and then she was representing a brand of estee laudern $1 million a year. fitted by vera wang. most recently, chanel. >> i wanted to be greater and bigger. i came here with a purpose and to finally achieve it and be an inspiration for others. >> reporter: super model joan smalls. elena cho, cnn. >> don't forget to watch the special backstage pass saturday february 25th at 2:30 p.m. >>> the thing you tweet could end you up on a watch list. we'll go into social media. ♪ [ male announcer ] the 2012 m-class continually monitors blind spots, scans the road to reveal potential threats, even helps awaken its driver if he begins to doze. so in the blink of an eye it will have performed more active safety measures than most cars will in a lifetime. introducing the all-new 2012 m-class. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. until the end of the quarter to think about your money... ♪ that right now, you want to know where you are, and where you'd like to be. we know you'd like to s

remove estee lauder and stuff like this.ut, i mean, the real question is sort of, for me, it's not what should be done because i think all those things are kind of obvious. it's what's most likely to occur. what's most likely to occur, quite honestly, is that kim kardashian will be a study unit in the texas board in a couple of years from now, you know? i would not be that shocked. and, um, so it's sort of like there's, you know, arnold toinby said this, but also jared diamond most recently in his book. both of them said what's characteristic of a dying civilization is that in a dying phase it does precisely those things which accelerate what's bad. you can count on it to do it faster. that's what we're seeing. so we've invaded libya, on to africa. anybody else? [laughter] >> on point of -- [inaudible] do you think it is -- [inaudible] communities not working proposerly -- properly? there people talk with each other in the cafÉ what is happening in the local community, and this is not happening here. here people are in turmo

first latin face of estee lauder. new face of chanel.olutely gorgeous. but really bubbly. great personality. she's had a meteoric rise. this week we caught up with her in between runway shows and fittings. joan also addressed something everyone wonders about, why don't models ever smile on the runway. >> it's a different character. you pick up a different persona once you hit the runway. you can't be that friendly bubbly because i have to keep people interested. >> you've got to sell it. >> yeah, you've got to sell it and you have to show them a different side. >> she really does get into character. and the designer said she's like a seasoned actress on the catwalk. keep in mind she did 18 shows in new york, countless fittings. but new york is just the start. she's going to skip london this year but next is milan and then after that she goes to paris. does it all over again. she'll continue this crazy schedule for another month. pretty wild. you know, we also talked to red carpet staple marchesa. i got to look at the celebrity gowns on t

second job was italian steven and then afterwards, vogue and shortly afterwards to represent estee lauder the cosmetic giant's first lutina face. a multi-year contract at a rate of more than $1 million a year. have you seen what it has done to models and career? >> it definitely makes a household name immediately. >> reporter: fitted by vera wang, stella mccartney and most recently chanel. >> i always wanted the greater and the bigger. i came here with a purpose and to be an inspiration to others. >> what can you say? she's gorgeous and she's nice. so, what's next for joan smalls? she says her big dream is to land the cover of american vogue. vogue does not comment on covers, but a top vogue editor did tell me that joan is a pleasure to work with and she is a friend of vogue. vogue does not take its relationship with models very lightly. they say they have become embasders for the magazine and they nurture these models and don't discard them. being in vogue as a model, as you know, i'm sure. >> i don't know. >> trust me. >> last time i was in "vogue" it was very different. >> the one thin

estee lauder's second quarter of course matching estimates put the forecast again shorter of expectationsebound now in that stock. >> european commission officially announcing it would block the merger between deutsche and the nyse merger next. so will rising regulatory risk begin to hinder potential m & a deals? over to david faber back at headquarters joined by a very special guest. >> you know, 2011 less than a stellar year for mergers and acquisitions and deal making continues to be sluggish. year to date global announced m & a has totaled $120 billion, 62% lower than the same time last year. and the lowest level since 2003. so where is the turn-around we all hear about? the cohead of north american mergers & acquisitions at jp morgan joins us. here we said terrible january for m & a compared to last year which was good in the first half. >> very good. >> are you seeing more activity? is this year going to be better at least for the first month? >> we're seeing a lot more activity. january is a reflection of october. if you don't start a deal in october you don't print it in january.