for mobile phones they have a three sixty degree swivel l.c.d. screen they also have facial recognition to unlock your mobile phone so really anything is possible within these next few years for mobile devices and it's up to the manufacturers to allow them to develop where does the u.s. compare to other countries right now the u.s. is number three and leading the. cell phone subscribers in china is number one with six hundred fifty million subscribers in india close to. now money mobile money markets is also seeing explosive growth worldwide it payment transactions values will reach over two hundred thirty billion dollars and twenty thirteen according to gartner this is more popular in last developed countries where mobile payments are a good alternative to the in the under bank and this slowly this technology is slowly making its way into the what west because it's. banking and. telecommunications is so heavily regulated do you think it will ever catch on here like it is and some things developing nations absolutely there was just a conference w

of the next generation and retail banking one of the leading proponents of mobile debit card and mobile payment technologies is the center for financial services for integration or the c.f.s. i their mission is to advocate for under-served customers under the financial service access to financial services c s i began as an affiliate of shore bank corp in chicago which is the oldest development bank in the u.s. with ties to president obama but in two thousand and ten shore bank ran into financial trouble and the f.d.i.c spent three hundred sixty eight million dollars to wind down the bank and in august of two thousand and ten shore bank was declared and solvent and urban partnership bank assumed all of the deposits a coalition of major wall street firms including goldman sachs american express. electric and think of america recapitalize the new entity with one hundred forty five million dollars even more curiously the f.d.i.c allowed some of the executives who ran shore bank even as it failed to remain on the board with the new bank and usual move even by see standards it seems that shor

is leading the world in mobile innovation,. >> rose: what do you mean by mobile innovation? >> well, these devices right here, you have one, i have one, mobile broadband is changing the world and the u.s. is leading. so the applications around the world people are using, twitter, facebook, google are american apps, four years ago, 20 percent of mobile glasses devices had american operating systems today it is 80 percent and the u.s. is leading the world in 4 g which is the next generation of mobile broadband, it is a big change on the wired side, speeds are up. the percentage of americans who have broadband access is up, but we still have a lot to do. >> rose: which doesn't even compare to south korea in determinations of the people who have broadband access? >> it is getting closer and closer, particularly if you adjust for the rural nature of the united states, we have a harder problem. but we are investing in the u.s., our capital investment in broadband, particularly in wireless is growing faster than any other country in the world, including south korea, i can't includi

>> think about how the mobile internet world is developing. mobile internet technology is unique from it telecom technology standpoint. what i mean by being unique is it does not scale like the way telecommunication technologies have in the past. in the past you run a strand of fiber and it is a step change capital requirement. a step change cost structure. you have a lot of capacity for long time, it is a fixed cost investment. in the world of mobile data, you had one megabyte of data capacity. there is a direct and immediate cost that goes with it. a capital requirement and operating cost that goes with it. as the requirements go up, the cost track with it.-- tracks with it. there are efficiencies and productivity gains but it is more of a less scalable technology than what we have seen in the past. the pricing has followed those economics. the pricing tends to be more user sensitive. there are a lot of companies, i fully expect market forces will take you to a place where a lot of companies say i would like for xyz customer segment, market

i want to will commute to our forum on mobile and technology. for those of you who are following on twitter, we have a hash tag. the number of smart phones worldwide has increased this year to over one billion devices. mobile phones are being used to improve education, healthcare, and entrepreneurship are crossed the grove -- across the globe. we are wanting to address the topic of what american policymakers should do to respond to this revolution. where will we get more spectrum to use applications and what can the public and private sectors due to stimulate greater education and investment in mobile technology. to help us understand these issues, we have two outstanding speakers, one of whom is here. the second one will be arriving and i will introduce him when he arrives shortly. we are pleased to welcome randall stephenson to brookings. this is the ceo of at&t. since becoming chairman he has transformed the company into a global leadership position in mobile internet services and ip- based business communications solutions. under his leaders

for mobile phones they have a three sixty degree swivel l.c.d. screen they also have facial recognition to unlock your mobile phone so really anything is possible within these next few years for mobile devices and it's up to the manufacturers to allow them to develop where does the u.s. compare to other countries right now the u.s. is number three and leading the. cell phone subscribers.

device. 30 to 40% are on mobile already.ates fall by some 75%. we have proven we can completely bridge that gap with our tools, send so i think that kind of experience is going to be requisite for the next decade of e-commerce. cheryl: you are competing against other technologies, but what about the bank? are you worried chase, bank of america, they will try to beat you to the punch on mobile payments? we're already using it for banking, what is not to stop the banks from doing the same thing you are doing? >> we are not looking to go displace banks or others in ecosystem, we want to take friction out of the process. we want to make it easier for consumers to buy things they want from their favorite merge mergers. if more of those transactions happen, that is a great thing for those banks as well. we're in a unique position to create that experience make it easy to pay for those things on a single touch across your devices. we do more than $8 billion in volume overall and growing that really quickly. we are far down this pat

mobile routing to send the closest technician and mobile payments to invoice on the spot.here do you want to take your business? call us. we can show you how at&t solutions can help you do what you do... even better. ♪ radio: it's mattress discounters' radio: it's mattress discounters' 4th of july sale. bulldog: that cloud reminds me... radio: the tempur-pedic cloud collection... dog: that's it! radio: ...now with 48 months interest-free financing. basset hound: free financing? radio: the 4th of july sale is on now... bulldog: hey... where's everyone going? ♪ mattress discounters . >> san francisco police have released video of two teenage girls robbing a woman on a muni. we will give you a closer look. the 68 year old is there. one girl punched her in the face before grabbing purses. they hit her and both grabbed two purses with cash and a phone. the woman goes after them. the driver realizes what is going on, but they got away. police are hoping someone recognized them and gives them a call. >> reporter: it has been cool over the past couple of days. i will show you how

there was a shift because of the shift in mobility. i think we will see more of that going forward. >> i want to talk about your y,ory, you have an amazing story. you are from mexico, and you us to crs the border every day as a child just to go to school in ie united states. tell us a bit about that. >> first of all, i was so fortunate to live in a border where the american side of the border was so enlightened that frankly they invited mexican students to come across and go to school. you probably would not find that today. but, so i was fortunate to do that and they allowed me to do that and i was thrilled to have that opportunity, so i was nervous, as a young teenager going across, but it was wonderful and i'm grateful to the people that made it possible. >> let me ask you about the immigration part of the story. there's a new bill in the senate to provide provisional legal status to unauthorized miimmigrants, this plan means i will be 13 years before they can apply for tizenship. now it's 2 to 4 years. do you think it's the right a

why the banking in the mobile device, the wave of the future will cost you. >>> and a trillion dollars in new student loans will be issued in the next decade and congress is days away from letting the interest rate double. all that and more tonight on "nightly business report" for thursday, june 27th. >>> good evening everyone. if investors think the fed will hike short-term interest rates any time soon, they've got it wrong. bill doubly president of the new york federal reserve bank and a policy maker at the bank after ben bernanke. he said they are miss reading it a rise in short-term rates is very likely to be a long way off. >> the policy depends on the progress we make towards our objectives, and this means that policy including the pace of asset purchases depends on the economic outlook, not the calendar. >> they were reassured and some upbeat economic report s today. the government said consumers earned more and spent more in may and first time jobless claims fell by 9,000 over the past week. the dow jumped 114 points closing above the 15,000 level. the nasdaq added 20, the s an

online, mobile, social media, wearethestreet.com. explore new worlds and new ideas through programs like this, made available for everyone through contributions to your pbs station from viewers like you. thank you. [applause] ♪ ♪ moonlight draws your colors in the dawn ♪ ♪ while the sound of silence in the wind ♪ ♪ feels like an empty song ♪ as the rain begins to fall down ♪ ♪ like a million tears ♪ and the heavens shining through the clouds, girl ♪ ♪ i can feel you here ♪ don't you ever lose me ♪ i could never lose you

we see what's going on with dell, the mobility trend overtaking the pc trend, with everybody wantingevices. what does that do for the chipmakers? >> i think we're going to see a shift of value creation in chipmakers, and probably a good example is in the last two years there has been this sea change towards mobility, what people want things they can carry with them. and so what that did is shifted the opportunity to a company in taiwan called tsnc, manufacturing company, because they are the only ones that are making the products used in most mobile products. if you look at their market value, it's almost the same as intel market value, and just happened in the last two years, which means there's a shift in value being created, due to the shift in mobility. >> i want to talk abouture story. you have an amazing story. you're from mexico and you used to cross the border after day as child to go to school in the united states. tell bus that. >> first of all i was so fortunate to live on a border where the american side of the border was so enlightened. frankly they invited mexican stude

enhancing the experience through what dsw calls an omni channel, online and mobile. and the company is expert meanting with smaller stores. >> we will be testing smaller format stores that we can use to infiltrate smaller markets and to fill market voids that might exist in existing markets we serve. >> reporter: dsw focuses on the strategy. >> you know, in '09 the business was good but we weren't making any money and since that time, we've continued to grow it and now it's a very significant contributor to the bottom line. >> reporter: when sales rely on consumers, there are risks. >> things like higher taxes, higher gas prices, particularly in the midwest, i think early in the year they worried about some of the national budget concerns, the sequester, all of that. >> reporter: still most analysts that covered the stock rated a buy some protected the earnings growth of 15 to 20%. for nightly business report i'm jackie d'anglo. >>> you might be too late if you're looking for a copy of the great american novel as a father's gift. the great gatspy sold high. the buyer

>> what's the strategy on social mobile? the site at this stage 25 million in revenue not optimized for mobile and doesn't have a big social strategy? >> i think part of our eco-mom acquisition, they had 35,000 facebook likes, that helped us expedite that. i think we'll continue to put a focus on social and in terms of mobile, in the summer of this year, sometime before september, we'll roll out a mobile friendly site, not only for green cupboards but also for eco-mom. >> the biggie for me is how do you defend against amazon? >> a funny situation in that they are our biggest partner and also our biggest competitor. we work heavily with them for their fulfillment services, so we leverage their fulfillment warehouses for our greencupboards.com website. >> how do you handle the fact that you don't have exclusive products? >> we do have some exclusive products. put a big emphasis on our supplier relationships and trying to bring things first to market on our own platforms. >> can you make the site more content driven and put a s

enhancing the experience through what dsw calls an omni channel, online and mobile. and the company is expert meanting with smaller stores. >> we will be testing smaller format stores that we can use to infiltrate smaller markets and to fill market voids that might exist in existing markets we serve. >> reporter: dsw focuses on the strategy. >> you know, in '09 the business was good but we weren't making any money and since that time, we've continued to grow it and now it's a very significant contributor to the bottom line. >> reporter: when sales rely on consumers, there are risks. >> things like higher taxes, higher gas prices, particularly in the midwest, i think early in the year they worried about some of the national budget concerns, the sequester, all of that. >> reporter: still most analysts that covered the stock rated a buy some protected the earnings growth of 15 to 20%. for nightly business report i'm jackie d'anglo. >>> you might be too late if you're looking for a copy of the great american novel as a father's gift. the great gatspy sold high. the buyer

we're going to mobilize people. we have to show that people care about the issue and we're going to make this an election year issue if we have to. >> and chuck suggested, he assumes we will hear from the president at some point today. you work on issues with the president like this, yes? >> yes, and i actually think there's nobody in political office today who understands these issues better than president obama. he understands their history. he understands there are policy consequences on the ground. he may not want to be thrust into the middle of these kinds of issues with everything else on the agenda, but he's the person best positioned to leave the country forward on how we respond to the decision. and i would also like to say that we face a big choice on how to improve the system of absence to the ballot box going forward. one choice is to try to stay within the framework that this part of the statute created in 1965 and to tie voting protections to issues of case and particular parts of the country. but ther

>>reporter: she lived in the mobile home for 30 years.nt control. >> this is one of the best example pel of affordable housing. diversity we need for healthy community. provides us with people that work in the community that rae tire in the community. >>reporter: things changed. threaten years ago when the park owner equity lifestyle property known as els sued to end rent control. condemn positive marine lake most mobile home community, resident own the houses but rent the land underneath them. despite the name these homes are not really very mobile. so 100 confidential city and counties have rent control will you to protect the homeowner. san rafael case could affect them all. >> because they don't own the land under their homes really subject to abuses or potential abuses by the land owner. >> at one point els tried to raise rent 7 to 800 dollars a month to almost 2000 dollars. judge stopped that. but the legal battle is still going on. it's taken a toll on resident residents. >> this is kill us. just like this. >>reporter: els the bigg

so we mobilize for that in title 10, federal duty to the state and airports, we mobilize those forces by the adjutant generals did it and they received the money from the federal government but the forces state under the command and control of the governor. very unique. later on when this thing called winter freeze, operation winter freeze. we need to support 12 states, 12 border states. commerce was backing up on the borders are three weeks of auto supplies, the cost between canada and the great lakes were beginning to back up. employers are beginning to have to lay off the auto and she was ready to let off people because they couldn't parts. submission we got was to support us and in -- customs and border protection to close to 2000 guardsmen to again, what status do in this case we did come up with a new criteria which was a federally paid formation so there on federal active duty working under their active duty counterparts which we're going to mobilize our forces. and then we had to detail them, customs and border protection to for a guardsman is pretty easy. that's a we do every

online, mobile, social media, wearethestreet.com. kevin: today on "ask this old house"... i'm going to show you the latest in battery-powered landscape tools. you can't argue with that. it did the job. and we're going to update this kitchen with some custom concrete countertops. so what's the technique here? man: just spread this right around, nice, thin layer, right over everything. kevin: it's a lot more hands-on than just ordering up some granite slabs, isn't it, cory? cory: yes, but that's all right with me. it's a lot of work and you have to know what you're doing, but it looks amazing. thanks, guys. kevin: that's next on "ask this old house." with a little neighborly advice and the right partner in doing,

a big part of that from i think a mobile food truck side, and frankly from a brick and mortar side or property owner side, is the insecurity of how the previous legislation or the current legislation treats people who participate in the regulatory process. the time and expense of going through challenge over challenge has been really difficult for i think people who are trying to start up a food truck. it's been stressful for those folks who might have a brick and mortar that are initiating challenges to permit. so, i think what this legislation does is or will do would provide a clearer path to all sides about what is allowed and where, really trying to understand how impacts pedestrian traffic, how it impacts our streets. and really striking that balance. we do have one of the most dynamic, if not the most dynamic food season in the country, and part of really integral part of that is what happens on the street. and, so, allowing for those entrepreneurs, expanding though spaces with the college and hospital campuses, looking at the impactses at the 1500 foot been has had around the

you have mobile, warehouse logistics, mobile payments all under a single umbrella.alued proposition to retailers. melissa: what makes you different from amazon? most important point is we don't ever compete with retailers. we're helping them adjust and evolve. however they want. melissa: i can tell you i see it, i wanted,,have to have it. you like it? it is very innovative and cool. up next, plenty of shady things with bit coin. this is not one of them. detailed and how it has become the world's first bit coin baby on "spare change." everybody has different investment objectives, ideas, goalsappetite for risk. you can't say 'one size fits all'. doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your personalized portfolio. find outhy 9 out of large professional investors choose ishes for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. ad and consider it carefully before investing. risk includes possible loss of principal. woman: what do yo

in the case of mobile food facilities this ordinance would q require the mobile food trucks may not be located within the public right-of-way in which formal retail is not permitted either with a c u or not permitted would result not permitted at all if the public right-of-way. and they also for this particular amendment there was a distinction on the definition of retail. this what include affiliates of restaurants either owned or a contractual policy. with these amendments all 3 ordinances were recommended to the full boarded of approval. on tuesday supervisor wiener safety ordinances were approved on the first reading. you'll remember those ordinances include the stashth of a design department. it would create a public improvement you permit that would allow the dw p to accept the right-of-way improvements and we require the in kind provisions. and we also changed the fire code to clarify in some instances the public right-of-way maybe narrowed. so those 3 ordinances were passed on first reading by the board. and commissioner mentioned earlier the condo conversion was before the ful

mobile routing to send the closest technician and mobile payments to invoice on the spot.re do you want to take your business? call us. we can show you how at&t solutions can help you do what you do... even better. ♪ . >> in the wake of the nsa surveillance scandal, social media is sharing thousands of records. >> reporter: facebook officials said friday that 10,000 requests have been made by government agencies in the last year for reasons varying from missing persons to terrorists. they have received thousands of requests from information requesting 30000 accounts. the nsa was leaked by a cia contractor. in that program a multitude of information has been gathered from a who's who of data collecting like phone calls and e-mails. the president says data mining is legal and necessary for homeland security. facebook says the request from the government is small concerning there are billions of subscribers. many say the government is going to far. i am jeff bush at facebook headquarters. kron4news. >>> not getting help as promised from the feds. >> log on and earn your rewar

it turns all mobile banking into reality.ill the breakthrough in technology put your money at risk? and who made "money" today? investors are gorging on one of the simplest foods out there and making a killing on it. keep watching to find that it is. even when they say it is not, it is always about "money." ♪ >> you don't have to watch your hard-earned savings shrink to nothing. invest in gold. >> that's why i buy gold every chance i get. i even liked the feel as cold. >> years ago my father told me to invest in land. well, i did. that is very well. now it's time to buy gold. melissa: you cannot hide from them. you see them everywhere. commercials. these days gold is a goner. the precious metal is getting pummeled. its recent plunge sending people scrambling after reaching a high of more than 1800 per ounce. did you see this? it fell below 1200 for the first time in nearly three years. gold was down 23% for the second quarter. its biggest quarterly drop on record ever. it has to be affecting sellers everywhere. here to tell u

mobile routing to send the closest technician and mobile payments to invoice on the spot.here do you want to take your business? call us. we can show you how at&t solutions can help you do what you do... even better. ♪ . >>> search teams wrapped up another day in yoet mite national park where a sack member toe man has gone missing after falling down a 19-year-old was swimg in the river when he was swecht over the edge of nevada fall. he was in the park with the church group. while, yosemite park officials believe surviving that fall is unlikely, they will continue to search tomorrow morning. >>> a continue costa -- a 62-year-old woman from east contra costa county was hospitalized last month but since recovered. health officials say she bought the townsend farms organic blend of antiox dant blend of frozen berries that was the subject of a multistate raul last week. at least 30 people have been impacted. townsend farms says the outbreak has been traced to a type of pom granite seed from a type of turkey. >>> struggling homeowners are stretching a little further. we'll tell

mobile routing to send the closest technician and mobile payments to invoice on the spot.e do you want to take your business? call us. we can show you how at&t solutions can help you do what you do... even better. ♪ can help you do what you do... even better. i gotta go deposit a check, transfer some money. so it's your uncle's turn. what? wait, wait, wait... no, no, no, wait, wait. (baby crying) so you can deposit a check... with the touch of a finger. so you can arrange a transfer in the blink of an eye. so you can help make a bond... i got it. that lasts a lifetime. the chase mobile app. so you can. you didn't whisper in my ear and kiss me to wake me up like you always do. - i've never done that. - sweetie, wake up. it's morning. liz: [sighs] i love you too. - anyway, i'm taking the van out to queens. there's this big parade. parades need people. people need hot dogs. that's where van der beek and i step in. - you named your van after the guy from dawson's creek? - i've seen everything he's ever been in except for that. - please just let me pay for the renovation. - no.

mobile routing to send the closest technician and mobile payments to invoice on the spot.e do you want to take your business? call us. we can show you how at&t solutions can help you do what you do... even better. ♪ can help you do what you do... even better. >> just an hour ago vigil ended in santa monica for victims of shooting rampage that killed 5 people on friday. started outside l2p1çlibrary at santa monica college then progressed to the stadium. hundreds of people takened. classes resumed today at the college. college prided extra security as they retrieve the backpack and car left behind because of the killing. police killed gunman after the shooting. 5 people died and several others were wounded by the gunman. one of the survivors described her ordeal. >> he seemed like somebody out of the movie terminator. just no emotion just very focused. upon theed the gun at me. and the next thing i knew was that the glass on the passenger side my passenger side wasas explod g exploding. >>reporter: grief counselors on campus to speak with students. >> new tonight at 9 san fr

. >>> i'm roberta gonzales with mobile weather. there is lot more to the alameda county fair than gist the rides. we will take you here next. ,,,,,,,,,,,,,,,, singing outside the hospital where former president nels mandela is >>> members of south african choir have been singing outside the hospital where former president nelson mandela is in critical condition. he's been there since june the 8th. >> michelle has the latest on the 94-year-old's condition. >> reporter: people sang. and released balloons outside the hospital where former south african president nelson mandela is in critical but stable condition. the current president of south africa visited mandela today and says he looks much better. mandela has been hospitalized for weeks with a lung infection. his oldest daughter says his family has hope he will pull through. >> when you talk to him he tries to open his eyes. when you touch him he still responds. >> reporter: president obama is getting updates on nelson mandela's health. he is scheduled to visit south africa this

mobile routing to send the closest technician and mobile payments to invoice on the spot.you want to take your business? call us. we can show you how at&t solutions can help you do what you do... even better. ♪ this was me. then i found dr. scholl's pain relief orthotics. they reduce the impact on my lower body. so i feel lessle pain and more energized. dr. scholl's pain relief orthotics-- pain relief that starts with your feet. i'm a believer. >> catherine: to-church collided to-trucks collided bottom of this canyon. another big story the we can wonder with their blue skies will have the full forecast in britain of the temperature in just a bit grant a huge by a tornado and oklahoma bearing down right now just a lot just a while ago we are hearing that this thing is couple of miles west of oklahoma city. it is an emergency for oklahoma city barry populated city. trial is gund ha dints pocket populated area. take shelter or get in the middle of the house to the true spirit if this thing comes through. the way it looks like it is going to. people have been evaluated and to

schedule one hour delivery on your mobile phone and pay when you get it. i can go in and have it right now, why would i do this? >> it is about the choice. you walk into yoga class, i love to have that. i want this now, the moment i am done, it is there and forou. melissa: is it about that or so much, vision in new york this is a way to get people over to your store? >> we are interested in redefining what it means to window shop. melissa: how much she had to sell to make this pay for itself? >> where thinking of this as a test, and amazing biboard, we're thinking about it as a way to try out new ideas. it is reallyabout the engagement. >> open the first presence e united states. the first store is entire island of manhattan. you have bile, warehouse logistics, mobile payments all undea single umbrella. this is the valu proposition to retailers. melissa: what makes you different from amazon? most important point iwe don't ever compete with retailers. we're helping them adjust and evolve. however they want. melia: i can tell u i see it, i wanted,,have to ha