all right mark thank you very much monsanto as one of the biggest names in genetic engineering in our next segment will be joined by its executive vice president dr rob freely stay with us. my marinates join me. for in-depth impartial and financial reporting commentary and for news and much much. only on the bus and only on. the. plane it was a problem very hard to make a plan to get along here the club has never had sex with the earthquake there are no let's let's play. lists. it was play. lists . play. live. we're doing two programs on this a full hour devoted to it because it's so important joining us now in the panel remains of course is dr robert freeway's the executive vice president chief technology officer of monsanto that's a leading producer of genetically engineered seeds dr fairly is also the two thousand and twelve recipient of the world food prize dubbed by the way the nobel prize of food you are a supporter of g.m.o. foods right yeah i'm a supporter as as a science and just who's been involved with it is all career as a dad who's got three kids and you know as a as a yo

are mark thank you very much monsanto is one of the biggest names in genetic engineering in our next segment we'll be joined by its executive vice president dr rob freely stay with us. as a possible look it was a problem very hard to take a look again among the club long have you ever had sex with the target care play a little too much. listen to the i'm. told. to slowly look look. look. look a the ability. i'm the president and i think a society that's ok i'm a big corporation trying to convince us to consume consume consume and the banks are trying to get all that money all about money and i'm a vastly sick for a politician writing the laws and regulations to tax bankers on the head. there is just too much rat is a society. up the bat. we are doing two programs on this a full hour devoted to it because it's so important joining us now in the panel remains of course is dr robert fraley he's the executive vice president chief technology officer of monsanto that's a leading producer of genetically engineered seed dr fairly is also the two thousand and twelve recipient of the world foo

and monsanto is paying out the company has begun providing benefits to west virginia locals who sued the agra giant over the effects of a chemical known as dioxin that came out of the plant more in this case coming up. and the u.s. federal reserve chair woman is in hot water but this time it has nothing to do with her monetary policy and everything to do with her security detail we'll tell you who's complaining later in the show. it's tuesday july eighth four pm in washington d.c. i'm your i david and you're watching our team america. it's been three years since the u.s. carried out a covert navy seal operation to capture and kill osama bin laden in the days after the successful mission the u.s. or viel that the men behind the attack were part of seal team six the navy's premier counterterrorism unit even though everyone in that raid survived shortly after that mission fifteen navy seals from the same team were killed after their military helicopter was shot down in afghanistan senate hearings were held back in february with the military attempting to shed light on the circumstances

monsanto is showing farmers more than just seeds.ou are watching "market makers," on bloomberg television, streaming on your phone, your tablet, and bloomberg.com and now available on apple tv and amazon fire. ♪ >> you're watching "market makers." time for the news feed. the first hurricane of the season is taking aim at north carolinas outer banks. hurricane arthur has picked up speed and has top wins of about 80 miles per hour and could make landfall tomorrow. chrysler is having problems with recalls. federal regulars want to know why it's taking them so long to fix jeeps linked to dozens of deadly fires. chrysler agreed last year to recall 1.5 million jeeps and they said they do not have the necessary parts until next month. the founder of lululemon is talking about taking his company private. chip wilson has been talking with private equity firms. he said he was unhappy with the direction set by their current board. let's return to work conversation with rick rieder. from blackrock. he oversees about $700 billion in assets. you m

free food supply and monsanto's criticisms of the study may have held some water except for one small detail monsanto conducted the exact same study on the exact same number and type of rats and published its findings in the exact same journal eight years before sarah leaning the only difference between the two experiments is that while the sara lee study observed the rats over two years on santos study and it at ninety days when the rats were still healthy yet one study lives on the journal for all of eternity and the other was delegated to the trash now thankfully one hundred fifty scientists all over the world condemned the food and chemical toxicology for its decision citing the disturbing level of monetary interests influencing the science and as dr michael hansen a senior scientist at consumers union in guest on this show said last year there's only three reasons to retract a paper one clear evidence that the findings are unreliable due to misconduct that is data fabrication or honest error to plagiarism or redundant publication three on ethical research and the letter that the

free food supply and monsanto's criticisms of the study may have held some water except for one small detail monsanto conducted the exact same study on the exact same number and type of rats and published its findings in the exact same journal eight years before sarah leaning the only difference between the two experiments is that while the sara lee study observed the rats over two years one santos study and it ninety days on the rats were still healthy yet one study lives on the journal for all of eternity and the other was delegated to the trash now thankfully one hundred fifty scientists all over the world condemned the food and chemical toxicology for its decision citing the disturbing level of monetary interests influencing the science and as dr michael hansen a senior scientist at consumers union and guest on this show said last year there's only three reasons to retract a paper one clear evidence that the findings are unreliable due to misconduct that is data fabrication or honest error to plagiarism or redundant publication three on ethical research and the letter that the edi

free food supply and monsanto's criticisms of the study may have held some water except for one small detail monsanto conducted the exact same study on the exact same number and type of rats and published its findings in the exact same journal eight years before sara lee name the only difference between the two experiments is that while the sara lee study observed the rats over two years on santa study and it at ninety days when the rats were still healthy yet one study lives on the journal for all of eternity and the other was delegated to the trash now thankfully one hundred fifty scientists all over the world condemned the food and chemical toxicology for its decision citing the disturbing level of monetary interests influencing the science and as dr michael hansen a senior scientist at consumers union and guest on this show said last year there's only three reasons to retract a paper one clear evidence that the findings are unreliable due to misconduct that is data fabrication or honest error to plagiarism or redundant publication three on ethical research and the letter that the

and months santo's criticisms of the study may have held some water except for one small detail monsanto conducted the exact same study on the exact same number and type of rats and published its findings in the exact same journal eight years before sarah leaning the only difference between the two experiments is that while the sara lee study observed the rats over two years one santos study and it ninety days when the rats were still healthy yet one study lives on in the journal for all of eternity and the other was delegated to the. trash now thankfully one hundred fifty scientists all over the world condemned the food and chemical toxicology for its decision citing the disturbing level of monetary interests influencing the science and as dr michael hansen

monsanto now was all over the world and it has several companies like monsanto and it controls the industry and they want to control the world's food supply. that's not good. if we get that much power to a corporation is dangerous for our democracy and our well-being in terms of the quality of food we eat in the air we breathe and the water we drink. for this reason i would say genetically engineered are nonfood products. >> i grew up in the sutures industry and when i was a young man one of my jobs as a teenager was spraying for raytheon and malathion with ammonia and nitrogen in the citrus and -- industry using cyanide on gophers washing motor parts with solvents and diesel truck without any particulate filters that they now have that are very expensive. but it seems to me, the being at many of the changes that have happened in my 81 years, that we are in some ways making some advances on these things. one of the comments today i heard was this man said that the epa has just about the coal industry in west virginia is really minimal compared to the health problems, the black lung and ever

net in my garden and then make that decision accordingly hey do you get your seed from monsanto. some r.c. inspired popular opinion there are several speed companies that sells the monsanto being one and. we buy from pioneer we buy companies to send. the who's us to plant a variety of hybrids on our fire and not just one what was your personal opinion on labeling well i think that legally it is very misunderstood i believe that it should be some agreements volunteer e. . you know if if the general consumer can't give the proper definition of what genetic modification is then great let's put it on a label but as is the case recently with general mills meeting that decision to allow for another choice with their original cheerios and labeling the. now containing g.m.o. ingredients which is fine but there is a disclaimer under that and i just find it interesting that so what does that we will mean then if we have to have a disclaimer but people can i doubt what g.m.o. means just from googling it and trying to understand go out you know they can figure out the laws for organic what t

says don't open a domino you're all just fine and then he goes back to being the vice president monsanto with a nice bonus is that kind of thing happening at the f.d.a. is that's what's going on here or is this just old fashioned incompetence or is this congress cutting their budget i mean what's why it boils down to political will so that both the u.s.d.a. and the f.d.a. there are plenty of folks who have revolved between industry and the agency and that still goes on there are still folks there that have industry ties and some of it is just they haven't been forced you know the congress hasn't made them and they've gotten away from it i see it with not having the political will to do it was effort to force them in the courts just failed right the courts unfortunately we think made the wrong decision there and they said yes you know there's harm but you don't have to take it make a regulatory change because of it so we just think that this is going to force you know folks at the grassroots getting involved in our democracy and forcing congress to take some action on this because f.d.a.

monsanto is a buy-hold.u've any questions are posted to facebook.com/charles payne fox or tweet me. use the hashtag askpayne. by the way, we're all going to have to pay a price. we will be right back. ♪ charles: all right, listen. we all know clean energy will be expensive but did you know $50 billion per year, next week president obama is expected to use executive action to push through a whole new series of rules to cut coal emissions. cut them by 20% unless a cap-and-trade program, but the chamber of commerce came out this week with a report that says obama's climate change effort will cost us $50 billion per year to enforce this thing and by the way a third of the coal-fired power plants will be close by 2030 and a lot of jobs will be lost. try two24,000. these obama rules i understand in my mind i think are more about punishment than ideology than economic. >> there is a lot going on here. this is a hot topic because you have the epa focused on clean air and the environment and trying to reduce the emis

and not only that, but the major chemical industry, organizations like monsanto, had its own man right in the laboratory. so think of the implications. but the carter administration ordered epa to just simply focus on the laboratory and leave the big fish alone. that's what i did. so they eventually shut it down after a lengthy trial in chicago, and that was it. but then what do you do with the chemicals that had already been approved on the basis of this criminal affair? what to do? so the government came up with the excuse that, you know, we have complimentary studies, so don't worry about it. but then what are the complimentary studies? and then, of course, they asked the companies to repeat the studies. that takes time, another two years, another four years. meanwhile, your food was contaminated with this stuff, and you kept eating the food. and, of course, when this came into the fore, the new york times had a couple of articles. senator kennedy and his subcommittee, he had some hearings, but really nothing much happened or changed. and kennedy's subcommittee published a wonderful

monsanto, those stocks have been horrendous. last but not least, the transports had been our leaders, right? we always talked about how commerce done with transport has been strong. gangbusters. but this morning's shortfall from united parcel sent a shiver down the spine of anyone who believed commerce was picking up. i remain a believer in u.p.s., but the disappointment was palpable. now, i still believe that most of these cycles are not yet played out. i think most are simply pausing. however, there's just too many of them pausing all at once right now to feel comfortable that the gimmicks and the one-offs can take us ever higher. as terrific as they might be. here's the bottom line. i now think we need some of the companies that are going to report in the next few weeks tell us that these tailwinds that i just mentioned haven't all -- haven't all turned into headwinds. that the cycles aren't dwindling. if they have, then the market's too high. if they're just pausing, then the rally will pause, too. at least until the numbers

chemical companies so with monsanto dupont dow bear syngenta this is not a coincidence they were selling chemicals first and then they engineered the seeds to go with them so they figured oh hey we've got a chemical here that kills things let's make a c. this resistant to it then we can just kind of kill everything around it and this is like work through this chemical warfare but this is their business model i mean that's their business models they've engineered supposin improvements which aren't really improvements to sell the chemicals that was their primary business i can you know it's seems like it's going to be a hard sell you know here would you like some agent orange would be you know i think it's awesome responded to that's why five hundred thousand people didn't take much convincing to weigh in on these petty to hanks thanks so much for the great with you thanks to. the other green news and island nation in the pacific is hedging their bets against climate change the republic of cure abati just above the equator has recently purchased eight square miles of land on a larger islan

monsanto had the number in terms of corn harvest. >> see how much corn we do year over year, and monsantoted great seeds. they have. you have a triple stack, seeds that do well in drought. boy, we had a drought in california, which is really tremendous number of days with no rain there, and seeds still seem to work. whatever the environment is. >>> this time yesterday, talked about anthony noto going to ceo at twitter. taking a pessimistic view, company struggling to find its footing in the wake of, obviously, the multiple management changes they had. >> carl, you know these guys really well. seems like they just basically had a valentine's day july 4th, go through the whole year massacre. were the people there just not doing the job? >> you know, their media chief, chief operating officer, head of product, now the cfo, i think there's an issue -- saying this for a while, they are not broad, period. in terms of accessibility, ease of use, ability for new users to on board as they like to say, there's hurdles to getting used to twit e and i think they feel their story is not told well. yes

the set that's coming up next should be focusing on gaza britain's intelligence services and giant monsanto which of course gets to write its own laws on capitol hill this is the international. two u.s. agents who are working deep inside the german government have been caught which has heightened tensions between the two countries even more the german reaction to this was to expel the cia chief in berlin from his post this is the kind of story that makes people who hate u.s. foreign policy to share button on facebook and get all excited it makes me feel that merkel or at least some elements of the german government are actually fighting against foreign meddling but i would say that you should take this story with a huge grain of salt yeah they just had one cia asset out of the country and this could be a sign of change but there are still twenty plus u.s. military bases currently operating in germany and in fact the bomb holder base is one of the largest ones outside of america territory with thirteen thousand troops permanently stationed there so basically if merkel really wants to reduce

and as monsanto continues patenting seeds i'm not kidding there by eventually owning the entire food supply i refer to it as centralized food convenience a right it's more convenient if all the food is in one place that place being month center finally instead of g.m.o. labeling of fruits and vegetables call it alarmist fruits and vegetables we even created an alarmist fruit and vege demonstration for you to show your speeches. ok i was such a diva to work with you and bill is. moving on a new study by the pentagon says that seventy one percent of seventeen to twenty four year olds in the u.s. would not qualify for military service because of obesity lacking a high school diploma past felony convictions taking prescription drugs for a d h d c maybe mcdonald's and coca-cola have been encouraging piece all along kraft and bacon bowl is the most patriotic thing we got to go in and if and if we can just get everybody fat enough to avoid the military maybe we'll stop bombing other countries maybe we'll finally live and let live i know i've come down hard on fast food but i've seen the err

are you going to give in return to monsanto? are you going to give in return to the land that ultimately supplies you with life? >> when the time is ripe, societies can change with incredible rapidity. i think our big problem now is to find ways to ripen the time. >> where change will happen or has to happen and we have that capacity to change is at the local level. i think what we're going to see is the fostering of the local cultures, depending on where they are, depending on what social resources they have, human resources they have, and certainly depending on what ecological resources are left for them to use. >> what do you want to have replace this culture? i don't want one culture to replace this one. i want 10,000 different cultures to replace this one, each one springing up from its own landbase. what would that mean to incorporate, to bring in the land where you live into your day-to-day decisions? what would it be like to actually live where you live? >> i think anybody who would answer the question, "what alternative

. >> let's look at monsanto now. 126.95. there is a nice one-year chart.. $3 billion of stock. with that buyback, you are seeing the stock moving higher. charles: you know that i love monsanto. janet yellen is about to start the q&a session. let's listen in. >> in order to address financial stability concerns. with that said, i do see pockets of increased risk taking throughout the financial system. and acceleration or broadening of these concerns. for example, corporate bond spreads is expect did volatility. suggesting some investors may under appreciate the potential for losses and volatility going forward. in addition, terms and conditions which provide credit to lower rated companies have eased significantly. reportedly as a result of reach for yield in the face of persistently low interest rates. the federal reserve, the office of the control industry and the federal does encourage lending practices in early 23rd team. to date, we do not see the systemic threat. they do not suggest that nonfinancial borrowers in the aggregates are taking on debt. the

and monsanto is paying out the company has begun providing benefits to west virginia locals who sued the agra giant over the effects of a chemical known as dioxin that came out of the plant more in this case coming up. and the u.s. federal reserve chair woman is in hot water but this time it has nothing to do with her monetary.

. >> 63 billion, it's be monsanto at this point.o like a lot and it has a huge amount about type. if you look at the chart or you might went to wait for the pullback. the only problem is the pullback doesn't come. what do you guys like? >> we like the financials. they're going to benefit from higher interest rates. everyone here agrees we will see higher interest rates and the margins will move up through the plus that is the only sector that has not come back to those 2007 highs. evaluations are low. charles: why are you i wish and slow? >> i don't think anyone trust them, which is why it is low. charles: what you to stick around because our viewers asked a question on the making money segment and the everyone knows they can ashley. k, tracks the social media stuff. what do you have? >> this came in here earlier from cal, i have a few utilities especially water and i wonder if i should safeguard with gold? charles: i sense some shakiness and cow. that doomsday portfolio. eventually with ecb is doing and what's happening around the

. >> we have a right to know what's in our food and monsanto do not have the right to hide it from usjoin the conversation and make it your own. >> watch the stream. >> and join the conversation online @ajamstream. >> hundreds of days in detention. >> al jazeera rejects all the charges and demands immediate release. >> thousands calling for their freedom. >> it's a clear violation of their human rights. >> we have strongly urged the government to release those journalists. >> journalism is not a crime. >> as if college students don't have enough debt, starting tomorrow interest rates go up on new federal loans. the change stems from a deal brought in last year by congress and the president that ties the rates to the financial markets. and the rates could go even higher down the road. congress stipulated that the rates for new loans be reset annually, meaning they will go up as the economy improves. student debt in the united states now tops a trillion dollars. and if you think that's disturbing, consider this. as of march 31st, nearly 11% of student loan debt was 90 days delinquent or

and mine which is monsanto, and it looks undervalued to me @jimcramer. and that's because the ag complex has come down. take a look at deere and dupont. watch and hear what agco says and if it says things will get better and maybe take a look at mine and right now it's in a downtrend and up next, a tweet from @surreptitious, underscore, @me at best buy. amazon, buy now before the the holiday season and i didn't like what i heard from amazon yesterday, and amazon sounds like a tiger with a thorn in s paw. don't ever get near that. okay. this means best buy. i'm not going there. at invest sarasota tweet, hey, @jimcramer and appreciate the p-e break down on cnbc yesterday, and facebook is inexpensive and the fact that it did not get hit on a .5 day for the s&p and i think that says something. next at debrock 19, #cramer q. i'm a young investor looking for a great mutual fund, and i always suggest to people that i always have on say, one of my kids are in fidelity con shahfund and i can't tell you it's in one thing and not have it in the other. jim, would yo

if you can bioremarks he made the case, monsanto borrowed 50 year bonds at 6%. buy back in that stock. don't just look at that this year, look at what that does to earnings in 2025. that's a pragmatic way of looking at it without having a strong political opinion. >> apple did that when they set the bar and got the low tick for their borrow which shareholders have to be delighted about. part of that went directly to them in terms of share buy backs. another part went out to them in dividends rather than repatriating and paying tax on a kbhink of money that would go out of apple. this was a much smarter way to go. 21st century is doing it too. >> share buy backs came in with criticism from drukenmiller. he said companies are borrowing to buy back shares not to invest in their businesses. >> the other side of that coin, tyler, we want cap x, we want hiring. we had cap x booms too and they didn't work out quite so well. the best example 1990 and 2000 when every company thought they were great investors of their own capital and ended up demolishing a lot. there isn'

theave monsanto flooding market with, i guess, genetically modified food, we poverty, wee have have economicems. i just feel like this is just a distraction. like to know what billionaire's funding your organization. it just seems like these billionaire fund these organizations for these trivial reals when we have problems. american people, wake up. host: you can give us some background on the beckett fund and where the group came from and where your funding comes from? guest: sure. fund was formed about 20 years ago. hassan was the founder. he was working in private practice here in washington, d.c., working on some religious freedom cases, and realized that what his --were where his real passion lied. so he decided to leave private and formed the beckett fund as a non-profit litigation we would exclusively focus on religious freedom litigation. so that was 20 years ago. has grownt fund .remendously since then seamus started the shot with just himself. and now we've grown to a couple dozen staff and so we've grown in the last 20 years. funding goes, we receive funding from a wide variety of

corporations such as monsanto, which is on the brink of creating monopoly for seeds, the net results has been the devastation of economies particularly agriculture. in nations where we have actsively intervened is where these young people are facing violence, dissolved states, and the problems that are leading them here. >> sure, classic example, all the policies of this country in respect to salvador, depressed so many people for so many years. the migration into this country is massive, right? we're not talking about the third largest latino group in the country. right here nearby in long island, they just edged out puerto rican, it is the largest group. salvador is fleeing in large part, districtly -- directly due to these policies. >> nicaragua is not well-represented in part because of a government that we opposed there has been engaged with policies that have helped poor people in those communities. >> and you know we're also talking about the kind of training that occurs in the military or the countries. all u.s. funded, u.s.-led. now the concern is, not only about whether or

if you look at ukraine, the bribery of monsanto and halliburton going into nigeria back in 1995 and bribinghen ceo.ey was the as far as the border is billiond, we did a $60 arms agreement with the saudi's and their supporting isis. the international community looks at us as being too based on these matters. -- two-faced. f-18 or aive one less the f35'son these at 35' and cover the expense of these children coming in. i look at myself as being a world citizen. we've lost our civil liberties, the rest of the planet can look at our country -- we are only 4% of the world population and we are like a scourge right now. we don't have the best interests of the people on the planet as much as wall street. host: al jazeera.com reporting about gaza. from greensboro, alabama. a member of the tea party. this is george. your thoughts on our question as far as isolationist or internationalist approach. caller: i want to make sure people understand that i don't consider myself a citizen of the world. i am a citizen the united states. period. i don't see how it's possible for you with modern communications

theave monsanto flooding market with, i guess, genetically modified food, we poverty, wee have have economic problems. i just feel like this is just a distraction. like to know what billionaire's funding your organization. it just seems like these billionaire fund these organizations for these trivial reals when we have problems. american people, wake up. host: you can give us some background on the beckett fund and where the group came from and where your funding comes from? guest: sure. fund was formed about 20 years ago. hassan was the founder. he was working in private practice here in washington, d.c., working on some religious freedom cases, and realized that what his --were where his real passion lied. so he decided to leave private and formed the beckett fund as a non-profit litigation we would exclusively focus on religious freedom litigation. so that was 20 years ago. has grownt fund .remendously since then seamus started the shot with just himself. and now we've grown to a couple dozen staff and so we've grown in the last 20 years. funding goes, we receive funding from a wide vari