and the city is also looking to monetize this and make revenue. one of the biggest conversation pieces that came out of the talk and some of the questions from the crowd was opening up apis for transactions, permitting, reservations and those type of things, which would be an incredible influx of private industry working with governments and also providing incredible efficiency for the public to be able to make these transactions. i'll probably say that ian might want to talk more on this, but that would be something that would be highly encouraged from the private sector and from my company specifically. >> that's a great point. and i'll say the short answer to your question is the federal government is trying to not charge for this data. the way we did was with tax dollars. you already paid for it, we're trying to give it back to you. and, so, we take a wholesale retail. we want to be the providers of the data as a fuel, but fuel, gasoline is useless to get you from point a to point b unless you consume that ultimately drives value to the americ

occupy federal reserve, then republicans appointed bernanke who is an out and out keynesian, and has monetized trillions of the debt, ronald reagan was opposed to all of, that here we are 30 years later, this is where it has done, not only because of the democrats that is why i'm upset, because the republicans have taken us down this path. charles: interesting because, ronald reagan worked with volcker. at the time he of a question mark to his policies, but do you think one essential thing that that changed is the inability of americans to accept any form of pain, the notion there should always be a soft landing delivered by whether monetary policy or fiscal policy, because

i talk about facebook not being able to monetize their mobile. linkedin is the only social media stock that hasn't tested their ipo price. it ipoed $60, went to $80 that day, and it's been straight. if you look at the chart, this is the best chart. from bottom left to top right, it looks very, very good. facebook weak. you see pandora down. you see groupon lower. you see all these social media stocks except linkedin from the bottom left to the top right. means that people are always jumping to get long in this on a pullback. it seems like they're also taking people away from twitter. they are taking users from twitter. the linkedin platform in the mobile technology is really working well. year-over-year they doubled the amount of people that are going to be mobile space. > thank you andrew. > > thank you. that's it for now. coming up tomorrow, a fascinating glimpse into the first start-ups in silcon valley, and the surpsing ways the area as not changed since the '50s. from all of us at first business, have a good monday!

forth between silver and gold and there was a bi metal standard and now both both metals are bendy monetized completely by now but not by. brian. jennings. for presidency i don't know three times and failed every time but what came out of it was the gold more no matter who it was as a fools to mouth a loser. it was. it was the foolish unary as charged by people like keynes and friedman the numbers above the reason was because they removed to use the right which meant the big big contract ok so let's flash forward to today when people say there's not enough gold or gold as an implied impractical as a monetary metal they forget the fact that there wasn't by metal standard there was sober people run a silver standard in a work great for decades oh for millenia now let me ask you this. because our friend hugo salinas price in mexico he's been flying around the world trying to get countries to bring back sober or to monetize over in places like athens and he's trying to in mexico so he's really the last vestige of this integrity and terms of metal. you're familiar with his campaign and you think

the monetization on twitter is going extremely well.uns the sales group has done a bangup job. we talked earlier about how facebook was a user proposition. they brought value on later for monetization. that's happened later in twitter. that's working extremely well. they built out team members they need to be ready for something like that. so i feel like if you just look at the company's progression, they are making progress in the ways you want to see that could lead to something like that. >> okay. fair enough. on google, how do you view what's happened in the stock of late, whether you believe money has come out of apple and led in part though google's -- look at that move, $785. you know about the outperformance it has had against apple what do you make of it? >> both of these stocks look extremely cheap based on traditional value metrics. people are intimidated by the large market cap with both of them and they kind of feel like there's this problem, could it be too large to have a return above it. here is what my comments would be

google has to find a way to monetize space.oing to be the next big thing, monetizing android? >> they are doing what they are doing and doing well as far as an os. going back to google glasses, as far as advertising, look what google has now as far as information they have access to. they know what you're searching, where you are, where you're going and where you're getting directions so it will be scarey that they will have an lcd over your eye. >> are they going to sell what you're looking at? >> honestly. >> brian spent eight minutes staring at a victoria's secret window in the short hills mall. people don't need to know that. >> if you look at goggle and what their business is now, 90% is search and it's about advertising, everything like that. look at apple. really hardware/software. not in it to monetize your information and sell it, and that to me is another barrier of getting google so intertwined on your person, you know. >> let's bottom line what this means for us, the shareholder, of gool google, gene. you've got an

so they are monetizing youtube. they are just not telling us. love for them to tell us especially when it is a publicly traded company. >> same here. liz: -- you know, she left google. was that a loss? i hear honestly different sides of this. some people say she's extraordinarily intelligent. a lot of trouble getting people to work under here over there at google and it's not net, net, really any big issue that she left there. >> i think google is bigger than her. think it is bigger than tim armstrong who left to go to aol. the company now has a very deep bench of executives. we cover yahoo! and we think marissa is a great gate win for yahoo! -- great great win for yahoo!. our view of google is not going to change because tim left three years ago or because marissa left last year. liz: you don't seem that scary to me, but dan seemed to be. dan is always welcome to join the show. thank you for being here, youssef. we will be right back. tough day on the markets. [ male announcer ] i've seen incredib things. otherworldly things. but there are some

prepaid units redeemable in payment to return a bill in payment for gas in other words they could monetize gas because that is the basis of a currency because gas in oil was other many countries they just gave people and all stipend yes based on energy saving as alaska yeah but they pay it max in fee at currency this is my point i'm saying a currency needs a backing gold is one backing i believe energy is another i think the gold is a very useful backing for what i call the clearing of credit the credit clearing when it comes to long term investment it's not i think gold doesn't work so well because essentially what you're doing is you burying the gold into the ground for the period of the loan you know year or so some promise of this discussion as it is to be upgraded this isn't about gas to commerce this is about a gas back currency is over saying that's what it will lead to. more diplomatic relations and well there's a bigger picture it's even that yet yes i advocate a gas currency i think that will be the global reserve currency of the future if you will show that's a remarkable statem

prepaid units redeemable in payment to return a bill in payment for gas in other words they could monetize gas because that is the basis of a currency because gas in oil one other many countries they just give people an annual stipend annual income yes based on energy saving as alaska yeah but they pay it max in fee at currency this is my point i'm saying a currency needs backing gold is one backing i believe energy is another i think the gold is a very useful backing for what i call the clearing of credit the credit clearing when it comes to long term investment it's not i think gold doesn't work so well because essentially what you're doing is you burying the gold under the ground for the period of the loan you know you are so some promise of this discussion as it is to be upgraded some of this isn't about gas the promise is about a gas back currency is over saying that's what it will lead to. more diplomatic relations and well there's a bigger picture it's even that yet yes i advocate a gas currency i think that will be the global reserve currency of the future if you will show that. a

prepaid units redeemable in payment to return a bill in payment for gas in other words they could monetize gas because that is the basis of a currency because gas in oil one other many countries they just get people and your statement yes based on energy saving as alaska yeah but they pay it max in fee at currency this is my point i'm saying a currency needs backing gold is one backing i believe energy is another i think the gold is a very useful backing for what i call the clearing of credit the credit clearing when it comes to long term investment it's not i think gold doesn't work so well because essentially what you're doing is you're burying the gold into the ground for the period of the loan you know us so some promise of this discussion as it is to be upgraded signed this isn't about gas the promise of this is about a gas back currency is over saying that's what it will lead to. more diplomatic relations and well there's a bigger picture it's even that yet yes i advocate a gas currency i think that will be the global reserve currency of the future if you will show us. a remarkable s

prepaid units redeemable in payment to return a bill in payment for gas in other words they could monetize gas because that is the basis of a currency because gas in oil one other many countries they just give people an annual stipend yes based on energy saving as alaska yeah but they pay it max in fee at currency this is my point i'm saying a currency needs backing gold is one backing i believe energy is another i think the gold is a very useful backing for what i call the clearing of credit the credit clearing when it comes to long term investment it's not i think gold doesn't work so well because essentially what you're doing is you burying the gold into the ground for the period of the loan you know us some promise of this discussion as it is to be upgraded signed this isn't about gas diplomacy this is about a gas back currency is over saying that's what it will lead to. more diplomatic relations and well there's a bigger picture it's even that yet yes i advocate a gas currency i think that will be the global reserve currency of the future if you will show that. a remarkable statement

we monetize on mobile the same way we do on the web. so, it's never represented a conflict for us.so, early on, we saw mobile, we belt hard, we bet big. we didn't worry about cannibalization and we just worried about providing the great, the best possible consumer experience. and that has served us well. we monetize the same way, so, we're indifferent to what screen a consumer shops on. >> paypal drives the train, so to speak in a large way. are you tired of people focusing so much on what paypal's doing? are they focusing enough on what the overall business is doing? do you need to sell that message better than we have in the past? >> again, i don't overly worry about what people are saying other than our customers. and our customers increasingly see synergies across our two businesses. and mobile is a great example. the fact that ebay's been such a successful mobile app has helped generate paypal's moment payments volume and now mobile payments is growing by paypal off of ebay as well as on. we'll do $20 billion of both and you wouldn't have been as successful on either one if th

the ceo joins us with his take on monetizing mobile and how his company is competing with google and facebook. and rotten apple? the woman who called the demise of enron explains why the tech darling has further to fall. let eelgs go straight to the traders and ask what the top trade was today. guy. >> good to be here tonight! love the rhames for a long time and if you want to go downstream in rails, we talked about this name before, had a nice day today. look at trinity industries, trn. >> karen, your top trade? >> didn't do a ton, but f and p, a name we talk about from time to time continues its upward march. >> fifth and pacific, to be exact. >> the old liz claiborne. >> steve grasso? >> goldman sachs. poised to make a move to $173. tim? >> we continue to think the world markets are stretched. in that way, we think emerging markets have underperformed. we are long eem. we got short some mxwo, which is the msci world which is stretched and i think it is a sell here. >> let's get to a trade we are all watching today. shares of apple climbing mid-session and then to close the session

is seeing a lot of pressures on private equity firms to put out money, and, also, to clean up and monetizecompanies. you know, these firms tended to have slow 2008, 2009, and ten periods. that was almost three years lost, not literally, but there was a lot of lost opportunity for obvious reasons, partly because the credit markets were shut down during part of that period, and, so, what's the result? the result is they are under pressure to put money out and there's a lot of pressure to monetize investments they have, and, remember, funds that they had in place in 2009 and 2010 and 2011 are three years old, four years old, or five years old. those funds have to be put to work because they have a limited duration. i think the thing they come to understand, and, certainly, the limited departments do is hurl rates of return that declined. cheryl: i have to tell you, u.s. airways and american, we'll be left with one airline in that activity. never ends. fred, thank you very much. we got breaking news. >> thank you, appreciate it. cheryl: citigroup, a "wall street journal" report crossing. accor

we monetize the same way. we're just trying to focus on following the consumer in many ways. >> charlie: when you made these decisions and you look forward what worried you about it? anything? did you simply look at it and say, we have no choice? >> much more the latter. we were in the midst of turning around the core of e-bay business and injecting innovation back into the company. i knew we had to make a couple of big bets. we made two: mobile and pay pal. there was no choice about making sure both of those were successful. in hindsight both have turned out as well or better than i could have guessed. >> charlie: pay pal was disruptive when it came on. some people worried that pay pal is vulnerable to being disrupted by square or something else. do you worry about that? >> sure. i worry about disruption every day. are you kidding me? i mean if you're a tech... >> charlie: you get up every morning... >> if you're a techy you're constantly, i don't care who you are, founder or not founder you're worried about

. >> they are not monetizing at the rates to afford the content.zing it. >> what is their biggest problem if it's not? >> it's the cash flow, right. so in media content is king, cash flow is queen and distribution is the court, and you need a happy court all together to build an empire, right? >> so you're saying they have two of three. they have the two things, but they need cash flow generation. amc generates about $500 million a year in cash on about $1.5 billion a year on revenue, so for every dollar in revenue, amc generates, they generate 30 cents in cash. netflix, for every subscriber they have, they generate about a penny a month, okay? international, they lose dollars on those subscribers. >> rich, they -- dvrs, dvds, the big cash-flow generator but do you really think or anybody really seriously think that dvds are going to exist five years from now where they can generate 8 million subscribers on dvds? that's been the big cash cow. that goes away. they need to generate four streaming subscribers to make up for every dvd subscriber. >> ma

we've got spins number three through seven to consider we can collateralized those spends we can monetize those spends we can sell forward the value of the corpses are spinning through the death spins and sell that forward to other clients who are hedging against the fact that they might be dead or alive or partially dead or alive at any given moment time and then sell that to a bank as a hedge against their position owning some kind of collateralized debt obligation based on another corpse or dead people that they murdered by with outdated mortgages and basically talk or see and they're going to make another fee on this so they always make money all right stacy ever thanks so much for being on the kaiser report thank you. for the second half i'll be speaking to economist constantine. well into the future to the finish as world class athletes descend on sochi brand new olympic venues are kept safe by high tech sensors behind the scenes congestion battling infrastructure digs deep and builds hard to get thousands where they need to be it's a building boom fueled by clean energy water searc

they are embracing technology to monetize their existence in cyberspace. >> how high are the stakes democrats incredible. what individual does not spare a thought -- how high are the stakes? >> incredible. what individual does not fear of a computer screen every day? >> what are the rest of the supposed to do? >> do not rely on the perimeter defenses of yesterday like firewalls and encryption, and we need to step it up on our own lifestyles. we need to be aware like you do not walk down a dark alley and the sea at night. when you're computer says you have of it -- a dark alley in the sea at night. when your computer says you have warnings, do not -- a dark alley ain dc at night. when did your computer has warnings, do not ignore them. >> the russian opposition has been targeting the hidden wealth of the country's political elite. the resignation of a senior member of president's party. the accusation is that vladimir owns $2 million worth of undeclared property in the united states. daniel reports from moscow. >> he was the chair of the ethics committee, but today in a dramatic session, he ha

they should not be used to create scarcity in order to monetize the top. the internet is too important for our common interests to b interestsits and bytes to be viewed only in dollars and since. it is time for legislation to establish a date to cap to give a pillar of opportunity to our nation's economic growth. promoting this freedom begins with the internet connection but it has to be routed through out the internet ecosystem. a related concern is the effect of software patents on america possibility to innovate. i believe it is time for congress -- this is what happens when you have a baby. a month ago my wife and i had a kid. i have pictures on my iphone for after the program. [laughter] you lose your voice early in the day. congress ought to begin a review, a cost-benefit analysis, of software patents. the requisition of these patents appear less about deploying innovation and more about deploying a legal arsenal. the patent system should not operate as a tax on innovation. that is the case today. how are you promoting innovation if you stand behind

they do not have to monetize it in any way. they can just use it. it is basically given to them. they're not necessarily thinking about how to make additional uses. commercial users have to think about that. we had to paper the spectrum. we want to make more gains in efficiencies by applying new technologies. the government does not have the same incentives. there could be spectrum's that could be shifted to commercial use. >> what is the science behind it? answernot sure i could that question. i should probably get an engineering personnel. it is something called ofdm makes much more efficient use of the frequency. there are plenty of people you could talk to. you could talk to qualcomm on the floor and i'm sure they could tell you. >> what is the current status of the deal between verizon and the cable companies for the verizon devices? >> that deal closed last summer, the spectrum part of the deal. we have a nearly nationwide spectrum. close to $4 billion. that closed. we are expecting sometime this year maybe early next year he will be launching. >> it will be online? >> it w

if you squint, the produce department resembles an edible monet. and this is not an accident.ct, the whole foods aesthetic starts long before they put a cute sign over a very perfect stack of rainbow chard. it starts out here in the dirt. >> we're specifically growing this for whole foods. you guys are looking for better color. >> it's absolutely beautiful. >> reporter: bob is a whole foods field and quality inspector while harvey is a whole foods forager. they are kind of like major league scouts but instead of driving to random ball fields looking for pitchers, they hit farm fields and farmers markets in search of the crunchiest green pepper or a nice peruvian chocolate cashew milk. harvey travels hundreds of miles per week. today he's looking for up and coming bagel artisans. or socially responsible pie makers who have gone organic. >> like what's in the water, what's in the food we're eating. >> pollution. pesticides, chemicals. >> reporter: follow him around for a bit and you'll see that cost is a lot less important than ideals, like fair trade, no preservatives and human

maybe they need to monetize that. twitter is a company that could help them monetize the fact that everyone is staring at their screens, whether it's the iphones or ipads or computers. >> let's be honest. if apple does a deal and they buy somebody down the food chain, as you say, that's not going to wow anybody. that's not going to do anything to transform or take the company to the next level. twitter, on the other hand, would certainly be an interesting deal to take apple to that next step. you'd agree with that? >> i'd agree. >> if they're going to do a deal, they'd better do a good one. >> there are definitely some more transactions that are more interesting than others. today it's new growth. they've got to figure out something to reinvigorate earning growth. >> the wwalt, thanks. good to talk to you. apple, blackberry, who's the best smartphone player right now? you can't really buy samsung, so that doesn't count. >> i think there are a couple of things you've got to look at with what just happened, with einhorn

it's not monetizing android to the fullest. et being able to capture a revenue stream, significant revenue streams from android? >> yes. that's exactly right. if you look back at google three, five, seven years ago, it was this amazing cash cow from the search and then all these other experiments. google earth, google mail, everything else. and they knew that they had the luxury of trying lots of things to see what's going to work. at this point, it's android and apple, android and ios and everybody knows at some point they're going to be able to make some money here. you can't calculate it, you can't weigh it just yet. but i think it's coke and pepsi now and it's a question of how much and when, not if. >> and like with coke and pepsi, we sometimes see one trade with the other in terms of the lead. are we at a stage where google does take the lead, even if it's by a nose over apple? >> right now, they own a great deal of thanks to samsung because, you know, htc stumbled, but samsung has taken off and they're the standard there

moma is we're able to draw inspiration for our explorations from the galleries, we were looking at monet'sater lilys" and were exploring different shapes and textures. the students took videos of different art pieces and

we monetize the same way. we're just trying to focus on following the consumer in many ways. >> charlie: when you made these decisions and you look forward, what worried you about it? anything? did you simply look at it and say, we have no choice? >> much more the latter. we were in the midst of turning around the core of e-bay business and injecting innovation back into the company. i knew we had to make a couple of big bets. we made two: mobile and pay pal. there was no choice about making sure both of those were successful. in hindsight both have turned out as well or better than i could have guessed. >> charlie: pay pal was disruptive when it came on. some people worried that pay pal is vulnerable to being disrupted by square or something else. do you worry about that? >> sure. i worry about disruption every day. are you kidding me? i mean if you're a tech... >> charlie: you get up every morning... >> if you're a techy you're constantly, i don't care who you are, founder or not founder, you're worried abou

it's a message that resinates with monet landers. >> because i want to go to college and pursue my dreams. >> reporter: the program pairs representatives to the california state university system with african american churches not just to reach students but to reach them while they're young. >> it's never easy to start. >> we get them motivatedded and same they have the opportunity. too many people get discouraged and believe that college isn't for them. >> leroy addressed the congregation saying it is important to address parents and grand parents. church officials agree. >> this thing with the schools coming here this is all a part of a master plan to cultivate lead iship in our community. >> reporter: 17-year-old latimer already says that he can already imagine the importance of a college education. >> if you go out and go against someone for a job you might beat them out. >> reporter: in oakland, ann rubin, ktvu news. >>> kidnapping risk of raw. >>> and raise a glass. how an uproar from customers led a famous whisky customer raise the white flag. >>> mystery money. where these gold ba

between silver and gold and there was that by metal standard and now both both metals are bendy monetized completely by now but not by. brian jennings. for presidency i don't know three times and failed every time but what came out of it was the gold more no matter the listen as a fools to mouth a little. it was. it was the foolish as charged by people like keynes and friedman the numbers above the reason was because they removed to use the right which meant the big big contract ok so let's flash forward to today when people say there's not enough gold or gold as an implied impractical as a monetary metal they forget the fact that there wasn't by metal standard there was sober people run a silver standard you know work great for decades oh for millenia now let's let me ask you this. because our friend hugo salinas price in mexico he's been flying around the world trying to get countries to bring back soberer to monetise over in places like athens and he's trying to in mexico so he's really the last vestige of this integrity and terms of metal you're familiar with his campaign and you thin