joining us from hong kong is analyst and consultant, peter lewis. thank you for talking with us. peter, this is a strange default, even that argentina is in a position to pay but didn't because of the u.s. court ruling. is there way this can be resolved, even though the deadline has passed? >> it could, rosemary. there's an incentive to resolve it. even for the bondholders, their weapon is forcing a default. once you've done that, you don't have many bargaining chips left. these holdouts have been trying to get paid out for 30 years. and if argentina does default, they're not going to get paid. there's incentive on them to seek a deal. and from argentina's perspective, default is not good for its economy. it won't be as disastrous as 2001, when there was a deep recession, and bank assets were frozen. unemployment surged to 25%. and people were protesting in the streets. but nevertheless, it will have an effect on the economy. it could protenlly prolong or deepen the recession. >> so, a bigger picture. i was going to ask you the impact on argentina. let's move beyond argentina to t

lewis. and also peter goels. i want to start with your story. went to israel on july 9th, with a group of kids, 11 to 15 and things were starting to heat up at that point. did you expect them to get as bad as they did, as they have? >> it's hard to say. there were 21 folks from our congregation. we had planned this trip many months ago. four of them were youngers, ages 11 to 15. one had a bar mitzvah. though we knew there were tensions and friction, we didn't know what was going to be. there was a little hesitancy on a part of a few of our members, but they talked, we talked, and we all decided we were going to go ahead with the trip and we did. >> so as the days went by, did you get a little more nervous? >> i can say that i was so proud of the people that were on our trip as well as the israelis. there was never, even when there were sirens, there was never panic, fear, anxiety. in fact, i believe that our people felt that they were really there not only as tourists but making a statement that they were not going to be -- they were not going t

founded by paypal cofounder peter thiel, known for its bold bets and risky invest ends. what's behind their philosophy? jeff lewiss in studio. you guys are always investing in that sound crazy, software for oil rigs, hampton creek foods trying to replace eggs in the food chain. how do you explain the strategy? >> the strategy is to invest in the anthony's to radically advance humanity. that's the strategy. -- the strategy is to invest in the companies to radically advance humanity. spacex is trying to advance humanity to mars. one investment that has recently come public, emerald therapeutics, trying to build an amazon service for life sciences reducing the cost for life science companies by an order of magnitude and hopefully lead to a renaissance in the creation of that type of company. it's more about making things more affordable for everyday people. that's also a really big problem. what are the companies that will radically advance things across a wide range of industries? it's not always obvious in the beginning how they will advance things. it is a very strong narrative on that score. has been anequality

peters must serve in segregation. >> you guys messed up yourselves the way we look at it. that was a one on one between that man and lewisow. >> i know. you guys all join in because you all play as a group. >> yeah. yeah. you already know. >> i know, i know. problem is we don't like groups. groups are bad. groups get people hurt. groups get people charged with assault and battery with in the facility. >> yeah, yeah. can't afford no more. >> you can't. >> i been here five months, i think i got in six fights, been in the hole six times. i mean, you got to fight. it happens. it's just instinct, you react. so, this is basically what happens. you hit me, i hit you back. you think about it after in the hole, you sitting there like damn. >> along with determining how many days peters must serve in segregation, deputy stengle must decide where to place him after the stay in segregation. >> he came into the building with issues and since being here picked up issues in the building that make it very difficult for us to house him here. you guys not start this fight but did you finish it. especially -- all right? so, what are we goi

peter barnes in washington with details on hearings this morning. >> cheryl, adam, managers calling for reforms to stock trading rules. comments coming in light of criticism by author michael lewised in his recent book "flash boys," that high speed trading rigs stock market against average investors giving traders split second jumps on market date between exchanges in chicago and new york. with public confidence in markets tanking and regulators supporting reforms, executives were generally united calling for simpler, more transparent stock trading but none of the executives called for outright banning high speed trading as some critics have. >> somebody needs to keep the market in chicago in line with the market in new york. and that is done by high frequency trading firms, who literally buy and sell 500 stocks when the futures move in price. >> witnesses agreed that high speed trading has helped to reduce costs and stock price spreads for investors. some executives warned against major changes that might jeopardize some of those benefits. but analysts at kbd doubt that congress will unveil any new legislation on computerized trading. this was more of an oversight hearing today