but they are then shoveled around north america and south america and central america. even sort of the migration stream is so connected between the caribbean and the united states, what becomes the united states. so there's just the systems of trade are incredibly integrated and dependent upon each other. i'm sure we all have other examples. prof. michelle mcdonald: i don't teach the atlantic survey, i teach the world survey. in the atlantic survey i have no problems incorporating the caribbean in north america and south america and africa and europe together because it is seen as one system. but more directly to your question, i think part of what we're trying to suggest, and i heard it in all the presentations today is that if you think about not just incorporating the caribbean and u.s. history verrilli thinking about the united states as part of a larger system, it makes you question your touchstone moments, if you will. i try to take this question of independence. i actually see probably notwithstanding the fact that i took aim at just after the seven years war, i

, tens of thousands of native americans who formerly had been part of the french empire in north america. they are now subject of king george iii. so, armies have to be stationed in america. fleets have got to be stationed not just in america but in south america policing this new british empire. and so, this is the roots of the odious stamp act, which many people view as the beginning of the revolutionary period. it takes another 10 years for there to be shooting that starts in north america, but that is the roots of the revolutionary story. britain has to raise revenue to try to cover these costs. it is a common fallacy that the stamp act was to pay for the cost of that war. that price had actually been born by british taxpayers who had been squeezed just like we often say today, can't afford any more taxes. there were looking at americans and saying they are lightly taxed. maybe they can bear the cost of their defense. and so, a lot of the next decade, and that is where we move in. we have an image of what the gallery, where we tell the story will be located under the limbs of boston'

sometimes known as the seven years war, or the french and indian war in north america. this horn is a great embodiment of the optimism that colonial americans had at this point in her history. but, of course, shortly after the riotous celebrations settled down, someone has to pay the bill. this is often when reality sets in. the story we will tell begins after this moment when british policymakers have to face up to the cost of victory, the price of victory. now that you have something like 80,000 catholic french inhabitants, former french colonists in north america, tens of thousands of native americans who formerly had been part of the french empire in north america. they are all now subjects of king george iii. so, armies have to be stationed in america. fleets have got to be stationed not just in america but in south america policing this new british empire. and so, this is the roots of the odious stamp act, which many people view as the beginning of the revolutionary period. it takes another 10 years for there to be shooting that starts in north america, but that i

the north america international cup, last time i checked, britain, not in north america. am i missing details? >> reality check. take a look how the traffic is moving this morning so far, mike inouye. >> north american traffic across the golden gate bridge from the north bay, i guess. zipper trek, flashing lights. crew ready to move that truck. there it goes, northbound, see na yellow segment moving that zipper over to the morning commute position, four lanes south two lanes north. look at palo alto. 101 from the north bay no problem. easy flow.the peninsula here, headlights south through palo alto, mountain view, taillights san mateo. taillights going over to that peninsula side, no problems on either direction. road crew there, typical overnight construction. as we talked about monday, you mentioned that al roker, yeah, going on, until it is a big deal, no problems. >> yeah the zipper. >> thank you very much. >> the latest on police activity in hayward. what we know about reports of an officer hit by gunfire. >>> and the undocumented immigrant accused of killing a young

wow, investment down 35% in north america. joe: huge.zil's currency took a plunk today, we tell you why after the break. ♪ ♪ >> i always challenge myself of not repeating myself in a way and using new technologies or i enting new ideas and think it has its alex: i'm alex steele. joe: and i'm joe. "what'd you miss?." alex: we talk about a plunk in brazil's currency. it fell after it was reported hat federal prosecutor's are investigating allegations of influence peddling. joe: they are probing whether he used his influence in panama and venezuela. alex: can't get a break. reform, what reform. they can't get it together. china has 40% of outstanding global corporate debt over the next four years. at $23 trillion, that poses a huge risk to the credit market. joe: on the equities side, cheans stocks have lost 20% causing that country's government to take drastic steps to try and stop the fall. alex: earlier this week, joe d i spoke with chief economist about whether these moves will work or not. george: it basically runs the country, it owns

, -- propulsion drifting towards north america. that sums up the essence of the united states's advantages in world war ii, the advantages that it exploded truly -- exploited shrewdly. it used what economists would call the least cost pathway to victory. the united states, for all of the heroism and valor that forces displayed, we in essence reaped victory through materials. i started with the remark about the united states, that me conclude by giving you the next two sentences in that speech. "the united states stand at this moment of the summit of the world," he said, and he went on to say, "i rejoice that it should be so. let her use her vast power not just for herself before the well-being of all people in all lands and a new era will open in the history of man." whether or not that happened is a subject for another day but that is how churchill hoped it would unfold. thanks. [applause] tom birmingham: thank you professor kennedy for that incisive and fascinating presentation. the next keynote speaker is rick atkinson who was a

one of our top priorities was to remediate our north america over-the counter products.we're seeing now is, we are meeting all of our commitments, getting products back on the shelf. carol: is it a different j&j from what it was in 2009 or 2010, where we had those massive recalls? alex: i think it is. we have made important changes, particularly in our supply chain and quality systems. we have gotten more standardized and even more centralized in some of those areas where we are applying common systems, checks and balances across the organization. i think we are really seeing the results of a lot of that hard work and effort. most importantly, when we are getting product back on the shelf, we are seeing mothers and fathers wanting and demanding, in fact, just in this quarter alone, we saw a 60% growth in our north america division, and over 16% in our analgesic. we are pleased. we are not satisfied. we made a tremendous amount of progress. carol: about 75% of your consumer products were back on the shelf. where are you with that? do you have an update? alex: we continue

. >> item for the terminal 3 special a between d d f g north america and the annual guarantee of a hundred and $60,000 during the first year term. >> is ms. wagner here by chance? >> snuck up on me sorry about that good morning kathy with the international airport the airport is here to seek your approval for a new concession lease with the world free group north america to provide a adults speciality retail space located pro security in the airports domestic terminal 3 the initial term is 5 years what one year to extend for 11 thousand square feet and the lease as a annual guaranteed rent of 1 hundred plus $62,000 a year or percentage of the rent of the lease he's gross revenue this is the formula in all of the rental leases before you the proposed is a result felt a competitive process with w d f g getting the highest ranging the budget analyst report calculates the lease carries a rent payable to the airport of a hundred and $13,000 over the 5 year term of the lease and recommends approve i'll be happy to answer any questions. >> thank you ms. wagner mr. rose, can we go to your report.

the journey from great britain to north america takes anywhere from 2-4 months.s is an army that needs to be fed. the british army daily consumes about 37 tons of food, and with its horses, 38 tons of hay and oats. and this does not include the women and others that the british are responsible for. yes, you can grow some food, but most of it is coming from back home in the british isles. i top of that, the british government is trying to hold down costs so this does not become a revenue nightmare. and, they have to defend the west indiaes, africa and india. with all that, they are trying to wage the campaign successfully on the east coast of north america -- extremely difficult. after 1778, britain has fewer troops and a smaller navy than they did in 1776. it is not that the british are putting more and more money they are putting less and less into the fight against the americans. the fourth thing -- the fourth problem that the british are having is that the revolutionary movement is popular in america. fighting a counterinsurgency is always difficult. the ameri

that is more than double the rate in north america.o: the growth we have seen in asia lately, especially in 2013, was impressive. our focus on the emerging markets is something that we are putting a lot of effort. carol: to go after those faster growing emerging markets means constant experimentation in a place where j&j has never allowed cameras before. ♪ fourre: this is our room where we grow the vial samples. carol: oh, my god. what am i smelling? fourre: you are smelling all the bad breath bacteria. here is where we would grow the bacteria. they incubate for five days. what we have here is all the bacteria that are present in someone's mouth before brushing. carol: there is a lot. and it smells like bad breath. oh, my god. it really smells like bad breath. fourre: after rinsing with listerine for 30 seconds, we see results like that. carol: it is experiments in these rooms that have helped to produce the 25 different listerine's sold globally, including green tea listerine for consumers in asia. announcer: listerine natural green t

that means -- within the continent of north america. >>> futures point to big gains at the opening bell. facebook allows you to choose the profile you want to see leading into the news feed. plus you'll see a list of people you stopped following. it will be offered to android and desktop users in the next few weeks. >>> a surprise reaction from a police officer what he did after catching a mom stealing from a wal-mart with her kids in tow. >>> up next, the newlyweds excited about their new lives together and come back from their hone and they find this. our family was drifting apart... ...until we found a connection. you have the power to change your child's life. the boys town national hotline can help. call 800-448-3000 (tdd# 1-800-448-1433) or visit parenting.org meet one today. visit theshelterpetproject.org. adopt. >> reporter: well, congratulations you made it to friday, now you have to make it to work and home again. right now things are looking better on the vine street expressway. they reopened westbound lanes eastbound lanes will open, and after that we'll be done with constru

the interesting part of it andrew 66% of it was bought by north america. north america is funding funding the infrastructure that the chinese are building for us. >> certainly obama is going to have something to say. he's talked about being blunt with this government not just in funding in the u.s. and china but also about corruption and about a whole series of other issues. >> i think it's twin-sided. i think it's wonderful that the president has used the global entrepreneurship as his flagship. i think the president has seen that this is a great affirmation of that. it is a twin-sided story. we have had complexities around corruption. our rankings have dropped substantially in the past few years. but we've got a messy new government post-evolution. it's difficult to push buttons and make sure things happen. other than the most powerful man in the world the president of the united states, born of a kenyan father can probably deliver the neafnlg others cannot. >> two pretty eminent former u.s. ambassadors here, mark bellamy and johnny carson they have been

north america is strong but there is a growing concern about the world's largest auto market china. >>> it may sound cliche but it is good business is booming for ford in north america where they just had their most profitable quarter ever. in part because of strong demand for trucks and suvs. take the new f 150. customers are paying almost $3800 more for the new truck in that model. that is something that we don't see very often in the auto try. with auto sales nearing a record high many are worried that the industry has peaked. but ford's ceo is not worried about americans hitting the brakes. >> there is a lot of discussion around about the market being at a peak. i term it at a plateau. the market is driven around replacement demand. >> ford is not as optimistic about china. they cut their outlook for the industry in that country saying full-year vehicle sales could be slightly negative as china's economy slows down. >> ford is not cutting production or sales targets for that country. primarily because it's strongest in smaller cities in western china where demand is still robust f

and the bison and humans moved from asia into north america. so, today this part of the world works like this. i'm actually in a helicopter whose shadow using on the ground taking this picture, and i will share you -- show you a beautiful image from the helicopter in a minute. but in the ice age coming up looks more like this where we have the mammoths and passed it on -- mastodon and the regular course like we see today and kind of weird things like lots of different species which is the funniest animal. anyway, this is the helicopter that we use to fly out in the particular expedition that we went on onto the north-central part of the tiger peninsula. and you can see that there are some windows missing in this helicopter here. that was actually particularly useful because after we got off into the air on about the third or fourth attempt of a french and the russian people who were in charge of the expedition decided that it might be nice to celebrate the success i would in a visitor. >> sitting on the site or side or gas tanks. it might have

sales of snacks in north america specifically turned it upward in the second quarter.hay.s can share a -- ken it is interesting, pepsi is doing better than analysts had anticipated in an area that i would imagine is a declining revenue area because people are so health-conscious. ken: it is somewhat of a relief rally. analysts were looking at a drop on lower sales. even though they were on a -- price across the board increases. beverages and frito-lay. it reinforces the powers of the brands in tough times. they can bail them out. scarlet: for now, but how much pricing power does the company have? it cannot do that every quarter. ken: you are right. throughico has been tough times before. take a look at its track record. they have pricing power, they are benefiting from the mini cans in the u.s., based on their pledge to fight obesity and so on. it is exley benefiting that because higher unit prices is contributing to the margins as well. matt: what are the brands doing best? i have been hearing a lot .bout the new doritos apparently they only make them for canadians. s

it is mostly in developed asia into europe and north america now into europe. china.d chem a great synergistic deal. the nikkei, japan, and to the u.k.. why europe is so interesting right now -- people have looked at europe and said it feels too risky and pricey. that was six months ago. people look at europe and say there is more upside than downside. the valuation is making sense, and i have i can put to work in a smart way overseas. i think those flows will continue. the cross-border part of the business it is to grow. people like they can buy into europe at a lower cost. chris: before exchange rate helped earlier in the year. we helped fedex. one of the elements, a business that was strategic for them to expand globally was the dollar. it helped him think about how to value the business at that moment at -- and time. we go, is there one area, one industry that you are surprised has not seen as much activity as you would have thought? chris: you know, one of the other things, in 2007, there was a lot of mna in commodity-driven sectors. that has not been the case. t

it held of a lot better in north america because there is not that shale.this is when we are talking about earnings and she'll weakness, this is where we are talking about. alix: this is where you feel the pain. when you hear about a drop, this is where you see it. alix: investment is down 35% in of america. joe: huge. drizzle's currency took a plunge today. we will tell you why -- drizzle's currency took a plunge today, we will tell you why -- took a plungency today. we will tell you why after the break. ♪ alix: i am alix steel. joe: and i am joe weisenthal. "what'd you miss?" brazil's currency took a dive. they cannot get a break. joe: it is unbelievable. alix: reform? what reform? at $20 trillion, that proves a huge risk. joe: and chinese stocks have lost 20%, and that has had the government take drastic steps to prevent the fall. alix: i spoke with george magnus about whether these moves will work or not. regime, ais is a party, that basically runs the country, it owns the banks, it has huge holdings in state enterprises, pretty much what it says it goe

one has to do with margins in north america. they were at 5%.t's changed from 4% quarter over quarter. 3% year over year. said that has to do with prime driving traffic and efficiencies, things like robots in their fulfillment centers, driving efficiency dropping to the bottom line and amazon web services got a lot of attention. less than 10% of overall revenue. but it points to the future. it's growing 80% and has a fat 20% operating margin. it surprises people, because the cloud is supposed to be monetized. amazon, even though it drops prices is the leader and is managing to squeeze profit so those things excited investors. >> operating income up 407% this quarter. kara swisher of re/code is joining us, good to see you. let's ask you about amazon. we've talked about the symbolism of the market cap surpassing walmart's, that? the future of online retailing. that this is a cloud company, an infrastructure company. what is the amazon of today, given where we're seeing the engines roaring here? >> well, you know, what jon said, they made $92 milli

now the president of the north america -- of a north america technology company.nd an early employee of paypal. when carl icahn floated this idea that paypal and ebay should go their separate ways, you said "i've been saying this all along." what can paypal do now that it couldn't do joins to ebay? -- do joined to ebay? >> you are right that this is something i've been saying for years, that paypal should be it's own company, free to pursue its own destiny, out of the shadow of ebay. i have been saying it for years. i think carl icahn got on the bandwagon and made it happen because, quite frankly, ebay management thought this -- ebay management fought this tooth and nail. emily: it's interesting, i asked john donahoe, now paypal's chairman, no longer ebay ceo why not. take a listen to what he had to say. john: i built relationships. i reached out to many of that founding generation. they've been great counselors max ereid, peter, and others. i've listened and introduced dan to many of them as well. no one knows what the future will bring but we have a proud herita

bob: this quarter demonstrates there is more to north america than the f150. volume was lower.lorer volume was lower, because we are launching a major change for that product. with a robust business structure and strong portfolio of products, we delivered record profit for the region in the second quarter. it shows how strong we are beyond the f150. matt: how about the pricing power of the truck? bloomberg put out a story saying that you discounted it by up to $10,000, which would kind of run counter to other information i heard, the average selling price being $44,000 according to eric merkel. where are you as far as incentives go? bob: let me give you the facts for the f150. we have record transaction prices, most driven by the f150. average incentive is $3900 across the country, lower than a year ago, lower than our competitors. one of them just raised incentives to an even higher level. the $10,000 reported by bloomberg happened to be only in selected dealers and models, a derivative vehicle of the f150. have healthye, we transaction prices and the lowest incentives among o

and bison moved into north america.today this part of world looks like this. i'm in that helicopter shadow taking this picture and i'll show you a image of that beautiful helicopter in moments. but in the ice age it looked more like this. where we had things like mammoth and camel and giant bears that stood 16 feet tall on their hind legislation two different species of horse like a regular one today an also stilt legged horses and weird things like lots of different species of cats and five foot tall beaver which is funniest extinct animal. anyway, so this is the helicopter that we used to fly out and this was a particular exhibition that we went on into the north central part of the peninsula. you can see that there are some windows missing in this helicopter here. that was actual particularly useful because after question got off in to the air on about the thished or fourth attempt, the french and russian people thought it might be great to celebrate by lighting off a cigarette while on the gas tank those things on t

armies have to be stationed in north america. fleets have got to be stationed not just in america, but south america, really policing this new british empire. so this is the roots of the odious stamp act, which many people, of course, view as the beginning of the revolutionary story. of course, it takes another 10 years for their actually to be shooting that starts here in north america, but that is really the roots of the revolutionary story. britain has to raise revenue try to cover these costs. it's a common fallacy that the stamp act was to pay for the cost of that war. that price had actually been born by british taxpayers who had been squeezed, just like we often say today -- can't afford any more taxes. they were looking at the americans and saying they are fairly lightly taxed people and maybe they can bear the cost of their defense. so a lot of the next decade -- and that's where we move in. we have an image of what the gallery where we are going to tell the story will be located under the lives of -- lombs -- limbs of a

north america is the engine for diageo.'m confident it will remain a great and highly profitable engine for the company. jon: the sec is looking into your distribution practices in the u.s. were you surprised by that? ivan: the sec has asked us for some information regarding u.s. distribution and we are working closely with them. as you would expect, we take this seriously. when you look at our company, i'm very proud of our values. the way we do business, the control and the transparency we bring to our operations around the world. jon: just to wrap things up, you talk about the strength of the spirits business. talk to me about the beer business. some people are talking about spinning this off. it could bring in as much as $11 billion area is it still a central part of your strategy? ivan: beer is core to diageo. it is 20% of our business and it needs to perform. i'm pleased in the results we've just announced. our beer business grew 4%. in africa, it grew 8%. in the u.s. and europe, we were back into growth. our business

quebec city, one of the oldest european settlements in north america.e father of new france, sailed up the st. lawrence and founded the site in 1608. when the fighting started with you know who, quebec city was the french stronghold until the bitter end, when the french fell at the plains of abraham. ♪ >> the french may have lost that one, but some things french have stayed firm, unbowed, resiliently unchanged by trends or history. the continental is the kind of place about which i am unreservedly sentimental. >> when i was younger, i ate here with my parents and my grandparents. >> in 1956. >> classic, unironic cuisine a la siene, meaning dishes you haven't seen since, like, forever, a hipster-free zone of classics, such as caesar salad, tossed fresh to order, tableside, and beef tartar, also prepared tableside, as one must. shrimp cocktail not deconstructed, a shrimp cocktail, the way jesus wants you to eat them, all served by a dedicated professional. in culinary school, we were taught this. i mean, real customers is your final class. we had to do th

so definitely a tale of two very different weather scenarios in north america as we go through the day. now, i want to take us over to the western pacific. we've been tracking these systems. we have a severe tropical storm named linfa. gusts up to 126. it's a very slow mover. the track of the system has shifted a bit toward the west. and so hopefully that means a little bit less in terms of the core heavy intense rainfall for taiwan. but still looking at the possibility for the southern pargs of the island to deal with heavy rainfall getting close to 180 millimeters of rainfall the next three days or so. currently moving slowly. we move to the east and have a strong typhoon named chan-hom gusting to 180. pressure down to 965. really packing more of a punch now and still setting its sights for the southeastern coast of mainland china as we go into the weekend already saturated with rain. this is not good news for the region. nanka is a very strong typhoon further back to the east maybe bringing another problematic situation for the islands later on this week. it is expected to make a ha

north america is the strongest point.om a shift to pick-up trucks and suvs which are higher profit and better for general motors market share. they're also doing pretty well in china a market that's been slowing. and if you take away their bad news that they have south america, there is potential for future growth with europe coming back and further gains in north america. i think we're pretty cheap at 6. 3 times our forecast for 2016 earnings. >> how confident are you about china and the china story? theoretically, if there is any sort of economic impact consumer impact from what we've seen going on in the smasht we would probably not have seen it in the quarter general motors reported. we'd have seen it in the current quarter or the next quarter. >> you would seen a part of it in june. that did impact sales volume there. but they've done surprisingly well. that is the risk that's probably the biggest concern that any investor has on general motors. but they have an advantage that the market -- they're one of the chips t

depending on production in north america to fall more than 45% but they believe drilling activity in the region has hit a bottom and there should be a slow increase in the second half of the year shares are rising 1% in after hours and germany higher by 2-thirds of 1%. now it is friday. if you are thinking about your weekend plans and if you're already planning on taking a break this weekend you might be hoping for a comfortable hotel with great staff. the staff at this new hotel in japan, they're robots including japanese speaking and english speaking dinosaur. the entrepreneur that runs the place says it's not a gimmick but a serious effort to use technology. it will cost you about $80 a night for a room at the establishment. it translates as weird hotel. so we'd like to hear from you. would you like to stay at a hotel staffed by robots? does the idea of a robotic concierge appeal to you? get in touch with us. would you want to stay in a hotel run by robots? >> oh my god. i don't know. i would be curious to see how it's going to be. perhaps try it once although i like to have the p

. >> instead of a petroleum base the foam in every seat in north america is made of michigan soy.nd now, the lab is testing algae oil with its more global reach. plastics researcher ellen lee gave techknow the first public look at this newest experimental foam. >> i'm gonna have you add in a surfactant, this one, and that kinda acts like the egg in a mayonnaise to blend everything together. and then i'm gonna have you add the blowing agent which in our case is water. i'm gonna mix this up then we'll see the foam start to react. >> whoa, and there it goes. >> it's baking into a cake. >> so you can see all the gas bubbles already forming. >> we use this to kind of evaluate our formulation and how fast it comes up. >> why is it important that this reacts fast? >> how fast you can make each part is really important for manufacturing because you wanna be able to make things in a timely manner. >> are we talking a matter of minutes per foam seat or seconds? >> less than a minute. >> ford is aiming to make their plastics at least 20% bio-based. >> is this actually making the plastic stro

say here in north america, for example. the reality is that people who cruise and have cruised, love it. people say, i am going to get seasick or it is too crowded. i don't want to be in a buffet line with 3000 other people. all of these negative things that really don't exist. betty: when we come back, arnold donald takes me on a tour of the breeze to show me why carnival is the king of cruising. later, richard fain of royal caribbean pulls out all the stops on their latest ship. he's out to prove that in order to pull ahead of the competition, it's go big or go home. richard: i got you! [laughter] richard: they want the biggest and the best, and this is the biggest and best cruise ship out there. ♪ betty: have you been on every single one of your 101 ships? arnold: no, i haven't been on every ship yet. but i've been on quite a few. betty: when you walk onto one of carnival's fun ships, you notice are the amusement style attractions. it's like a county fair on water. after you dry off, it's time to take in some extravagant

say here in north america, for example. the reality is that people who cruise and have cruised, love it. you know, people say, i am going to get seasick or it is too crowded. i don't want to be in a buffet line with 3000 other people. all of these negative things that really don't exist. betty: when we come back, arnold donald takes me on a tour of the breeze to show me why carnival is the king of cruising. and later, richard fain of royal caribbean pulls out all the stops on their latest ship. he's out to prove that in order to pull ahead of the competition, it's go big or go home. richard: i got you! [laughter] richard: they want the biggest and the best, and this is the biggest and best cruise ship out there. ♪ betty: have you been on every single one of your 101 ships? arnold: no, i haven't been on every ship yet. but i've been on quite a few. betty: when you walk onto one of carnival's fun ships, the first thing you notice are the amusement style attractions. it's like a county fair on water. and after you dry off, it'

tremendous demand in north america. and brazil is weak.talking about the weakness in brazil. pacca, gave fairly good commentary going forward. and textron, revenues down because of bell helicopters but by and large big industrial companies all with good numbers. masco, cabinets up 6% and plumbing up 7%. those are good numbers. and the biggest biotech ipo ever is happening today on the nasdaq. this is a cancer immu know therapy. it's a 2 .-- $2.6 billion market cap. this is run by the richest man, supposedly, in los angeles. big backer of biotech. the only problem, very small float. 2 $0000 -- $200 million. >> thank you. yesterday that huge deal. a big surprise in many ways. allergan selling the generics business or agreeing to teva to about a price about over $40 billion in cash and stock. it takes them out of the run for myelin myelin. and they say good riddance. incredible deal for allergan and teva. that brings us back to mylan ease bid for perigo. you may recall in one of my many reports there was a big argument, mylan saying where the

about 60% of their business is outside north america. they talked about weaker demand. not just in china but latin america as well. they are big there. they brought up the strong dollar here. the sales guidance was lowered by $1 billion. they are buying back $1.5 billion in stock. they are going to buy back almost 3% of the stock in the third quarter. that's a lot of stock buying. they have to. look at their earnings per share. rates are going to go way up if they don't buy back stock. $6.38. they are going to go below $5 in 2015. their revenues are dropping 10% a year. they are dropping right across the board. take a look at their divisions. resources, we know what that is. resources are mining essentially. that was down 12%. this is the most recent quarter. energy and transportation. we can blame oil. that's down 12%. a lot of people were baffled by the 18% decline in construction. they were huge sellers in that business. there is the china data showing up as well. sales here in the united states were not that bad. speaking of construction i want to point out united re

renegade, innovator, he's one of the most influential chefs in north america.s, and perhaps he more than everyone else has defined for a new generation of americans and canadians what that means. he is an unlikely ambassador for his country and his province. but maybe not so unlikely. i mean, look at him. out for a day trapping beaver with local trapper karl. so the bait is wood? >> yeah. just the bark. >> they eat the bark? >> yeah, yeah, yeah. >> are i understand in pioneer days beaver was the financial engine of canada. empires were built on it. every hat practically in the world was made of befr pelt. >> that's why today it is the icon of canada. >> to a less er extent the tradition continues today. karl continues to trap, usually called on by provincial officials to trap beaver and clear away dams and control what could become a destructively overpopulated situation. >> hello, my little friend. >> this is a young one. those are the ones we want to eat. >> what would you compare the meat to? is there anything like hi it? >> that's the thing, there's nothing

record quarter here in north america earning $2.8 billion.o climb at a pretty impressive clip. are you seeing any resistance at all from the consumer where they're saying it's a little too rich for me? >> demand remained very strong second quarter. u.s. industry was well north of 17 million. i think the north american results speak for themselves. and we're very optimistic for the rest of the year of continued strength in north america. >> no resistance at all from the consumer in terms of these prices -- especially when you look at pickup trucks. >> yeah. our pickup share in the second quarter was up 3%. so we continue to see, you know a lot of strong demand for full size pickups, suvs and crossovers. >> and we should note that you guys right now when you combine both the silverado and the sierra you put those two together outselling the f-series. do you hold that for the remainder of this year? do you outsell the f-series? >> what we have phil is a three-truck strategy. and we think that that advantage, that opportunity will continue to pla

and i think the underlying drivers are north america, you saw the margin expansion over there. they're still investing heavily internationally. but i think the highlight i have to say, amazon web services. melissa: yeah. >> number of milestones they reached. 83% growth in revenue, quarter over quarter. so we think that business is the potentially on track to become a $10 billion business faster than we thought. operating margins another milestone. all told i think really great quarter but always comes back to valuation, doesn't it? as an analyst we have to look at the value of the shares and we still have a hold recommendation. melissa: yeah. especially when you see the stock soaring 18% in after-hours, doesn't feel like something you want to chase. at the same time you don't want to get left behind. jim, let me ask you because tuna mentioned web services which is a big chunk of this company as they continue to evolve. numbers, 1.28 billion, or year-over-year, last year the same period it was 1.01 billion. this sector is hugely important. it is something that you mentioned. wha

it was supposed to mark the 400 anniversary of columbus'coming to north america. what year did columbus come to north america? 1492. we have a problem here, this is 1893. any guesses? >> timezone. >> that is a smart answer but not quite right. timezone, maybe. >> in the back. >> one can make the argument. evoking some connection to the classical world, some connection to rome, some connection to other societies and empires of greatness. what else do you notice? remind me of first name -- isaiah? >> usually when architects try to capitalize on fillers and -- fillers and big rotunda is an symmetry, they usually try to project some idea of power in relation to other places. typically when you see things like this, you are in all of -- you are in awe of the size. that is one thing they are trying to project to the world. prof. suri: it is designed to be big. it is designed to make you feel small. it is hard to see that in the image, but if you look at the mini people here. you see the size relationship. in the late 19th century, many people are not accustomed to tall

the journey from great britain to north america takes anywhere from 2-4 months. this is an army that needs to be fed. the british army consumed about 37 tons of food and, with horses, 30 more tons of oats. that does not include the women, children, refugees, slaves, that they are responsible for. you can grow some food here in brooklyn and long island, but most of that food and supplies are all coming from back home. on top of that, the british government is trying to hold down costs so that it doesn't become a revenue nightmare in the have to try to defend the west indies, the mediterranean africa. with all of that, they are trying to wage these campaigns successfully in america? extremely difficult. after 1778, britain has fewer troops and a smaller navy than it did in 1776. it is not as if they were putting more and more money into this, they were putting less and less into the fight. the fourth thing, the revolutionary movement is popular in america. a counterinsurgency is always going to be difficult. the american insurgents controlled governments, the press

, and a significant amount from north america.: opec can never get its pricing powerback? they wanted to cut supply and make sure everyone else commits to cutting supply, they could have some power, but not as much. their power has been reduced over time, but there is still a significant amount of power that saudi arabia has. if they decided to cut production, the oil price would not collapse as much as it did. just not only for putting its enemies like iran or russia, but for economic reasons. overdecided lower prices time means you will get rid of the high-cost producers. it's a rational decision when you are trying to reduce prices, weeding out the high-cost producers. they're still talking about cutting costs even though there is this massive write-down. do we could that changing as the fed begins to hike rates? what does that do? >> china is slowing down and commodity prices are falling him and like any value in currency, commodity prices are slowing down. the response running slow down in growth of inflation is to boost the

this is one of the hottest areas in the entire world certainly in north america. right now it's 120 degrees fahrenheit 43 degrees celsius,ous, and it's a little after 6:00 p.m. local time. 144 different athletes are already started arriving here. it starts here at one of the lowest points in all of north america and finishes in mount whitney one of the highest points of this part of the country. within the world ever endurance athletes this race has taken on almost mythical status. it's considered one of the most difficult races anywhere in the world. so the of course question is what drives people to want to do it? >> i want to see if we can--how far i can take a body. how far i can push it here. that's where it's driving at. to see if i can do it. >> yes this race is about survival but it is also a competition. the course records set within within 2007 when a brazilian man finished in 22:51. >> the one of south africa's critic cricketers has died at age 66. he has been ill for many years with a brain tumor. that's all of sport. >> you can find more sports and ne