>> simon: i was reporting that week from south africa.ous, but the walls of apartheid were still standing in the statutes and in the minds of the people. >> it gave whites a false sense of superiority, and blacks a false sense of inferiority. >> simon: andrew young, a former united nations ambassador and a colleague of martin luther king, saw that mandela was not interested in black supremacy. he wanted a colorblind society, a rainbow nation. >> mandela's effort was always to unite the country-- one nation without race where every citizen has its opportunity. >> simon: but president f.w. de klerk's government surreptitiously fostered violence, both black and white, in an attempt to undermine mandela's dream of a society where all people would be equal. violence raged. women and children were not spared. >> our whole nation now teeters on the brink of disaster. >> simon: mandela pleaded passionately for restraint. >> take your guns, your knives and throw them into the sea! >> mandela talked to me about the fact that south africa came much

madiba is a normal human being. >> simon: a normal human being. >> machel: absolutely normal. >> simone spent 27 years in jail. and when he got out, he forgave the people who put him in jail and who stole his life from him. this is not normal. >> machel: let me try to explain. madiba understood the importance of suppressing his own feelings against those who had jailed him. so, even when he would be angry, even when he would be very hurt, but he will always try to put up a face which they wouldn't read through it. >> simon: he kept wearing that stone face for the rest of his life, even when his eldest son died of aids in 2005; and five years later, when his favorite great-granddaughter zenani, who you saw at the beginning of this story, was killed in a car crash. this happened on the eve of the world cup in south africa in 2010 and mandela had been expected to attend. no one knew if he would make it, he was so sad, so frail. but then, there he was, once again. for the last time, nelson mandela lit up the world with his smile. >> glor: good evening. american airline and u.s. air officia

>> morayef: yes. >> simon: ...to incite the brotherhood?ayef, who heads human rights watch in egypt, says the pope's support of the military was denounced at muslim brotherhood rallies, which often blamed christians for conspiring to overthrow morsi. when you talk about anti- christian dialogue, what are you referring to specifically? >> morayef: accusations that christians were responsible for the coup, chants that would call christians the pope's "dogs." >> simon: it all came to an abrupt end on august 14, when the army crushed two huge muslim brotherhood encampments. close to 1,000 protestors were killed. >> morayef: the dispersal of the two sit-ins on august 14 were the most bloody incidents of police violence we've ever seen in egypt. >> simon: as word of the killings spread, all across egypt, muslim mobs began attacking christian churches. this cell phone video shows one surrounding the coptic church in sohag, 245 miles south of cairo, battering their way in, setting it on fire. it took a while to destroy the cross, but when it finall

yeah. >> simon: his lungs are now the size of watermelons.y're no larger than oranges. his heartbeat slows down to 27 beats a minute. his mother is counting seconds. down deep, the blue hole becomes the black hole. >> trubridge: you're alone with yourself down there at depth. even your body slips away so that it feels like you're just a kind of a speck of consciousness that's floating into the abyss. you're weightless, there's no light, no sound, and so it's almost as if you're floating in a completely empty tank. >> simon: the pressure is causing his brain to absorb more nitrogen. he is feeling light-headed, kind of drunk. it happens to all divers deep down; it's called narcosis. suddenly, a bright light on the base plate 410 feet down. he takes the tag and begins his ascent. at 100 feet, he is joined by his safety divers. like a pod of dolphins, they guide him through the most hazardous part of the dive. running out of oxygen can cause a blackout. >> trubridge: ( grunting ) >> simon: the sound you are hearing is william expelling air from h

i think this is a good shot. >> simon: it's all in the positioning.t you need more than anything else is a wild imagination. >> downer: ( laughs ) yeah. wild, that's right. and... and, you know, some commitment to... to have a mad dream and then carry it through. >> simon: but not mad enough to hang around very long. bears are rather rapid. they can do a hundred meters in nine seconds. that means they can outrun the world's fastest sprinter. >> downer: you see the polar bear is not far. >> simon: now, at this time of year, would this polar bear presumably be hungry? >> downer: very hungry. ( laughter ) we'll keep an eye on him. >> simon: and he's keeping an eye on us. >> downer: i mean, that's fine, at that distance. >> simon: that is as long as there isn't another bear behind us. >> downer: well, there are other bears behind us, and we can't see them. >> phil dalton: okay, we've got to go. >> simon: he's looking right at us now. >> downer: i think now is the time to go. the bear is getting closer. i think we need to get back on board now. >> simon: b

simon. >> thank you very much. his holiness the pope making headlines attacks what he calls the tyranny of unfettered capitalism and the idolatry of money. michele caruso-cabrera doing exclusive reporting in the last 24 hours, regarding whether those comments will hurt t church's drive in this city to raise money for the restoration of st. patrick's cathedral on the upper east side. michele, over to you. >> thank you. the pope criticized the wealthy and capitalism. a lot of wealthy capitalists in new york city whom the church has turned to looking for help in restoring saint cat lick's cathedr cathedral. they've raised $100 million so far. the billionaire founder of home depot, devote catholic spear heading the efforts on behalf of the ka three trol but tells cnbc one seven figure donor has expressed concerns about what pope said. the pope said in this system which tends to devour everything which stands in the way of increased profits whatever is fragile like the environment is defenseless before the interests of

. >> simon >> tiffany. new year's day is biggest day for engagements. >> "power lunch" begins right now. >> russia is under attack. dramatic individual offyesterday's attack north of the olympic city of sochi at a train station. you see that blast? see it through the window. 17 were killed. another 14 were killed in a bus bombing today in that same city. will sochi be safe for the winter olympics. the opening ceremony is 40 days away. how why scripted is enscripted. h >> new irs rules may lead to the death of great american automatic gratuity at resrants coast to coast. is that good or bad for was? >> i'm michelle caruso-cabrera. we'll get downtown in a minute. hi, simon. for the second straight day an attack on volgograd. today's attack killed 14 people. investigators believe a male suicide bomber is to blame. muslim terrorists in chechnya said they would do their best to disrupt the olympics. today's attack comes from yesterday where you can see the explosion at the main train station. in this case invest

this is the way to make money. >> simon, look at the names in here.du, so fun, yuku. >> you know -- >> what's not to like? >> josh, insightful, really bright, three etfs in the playbook, i have to check the rule. there's 25 names in there. i bet ten of them -- ten of the names are -- no, sear yusly. seriously. check the rule back, is this about making money or about informing -- >> let's talk about the particular etf. the problem with the chinese companies, 10 probably won't be a part of the portfolio next year. >> why? >> why? i went over there, we had a lot of portfolio companies over there. i still don't trust the numbers they're doing there. the accounting sucks. and i really don't trust the numbers. >> -- on the new york stock exchange, they conform to our rules, and 70% of this portfolio are larger mega cap stocks, it's not what you're referring to. these are companies that conform to nasdaq listing, and they're earning so much money, it's almost embarrassing, versus u.s. social media. >> and pick two adrs non-etf. >> how about we pick something

professor simon, let me ask a follow-up. i want to get an idea of what a system you are advocating would look like. let's say you have arraignment for somebody in a case alleging violence. maybe an armed robbery or sexual assault of some kind. are you comfortable with someone having a right to be released on their own recognizant under the theory that the police should do their work and make sure that person doesn't commit other offenses? and that it's not legitimate to make that consideration at the time of a bail assessment? >> i think that is my view, i think through slow steps we accumulated a system that has a ton of minor offenders and not able to accused in that way. and the right of the constitution and the rights we have made up for the mistakes made. we have to toss out the low-level crimes not just in the city but many parts of the state. and with that bandwidth of focus, we focus on the areas and a activity and crime and less on locking people up. in either case we are punishing the people ahead of their trial. a

simon, they have to get it right.> i'm sorry, i'm not -- i don't buy into this manufactured national hysteria. if you buy a gift 48 hours before christmas online there's a chance it might not get there. you know, stuff happens. you know -- >> you said it's going to get there. you said it's going to get there. you take a risk. that's your -- >> for goodness sake, nobody died. >> there's a whole other spin on it. >> but it's your kid's gift. >> whole other spin on it. out here where we have a plant -- or a shipping place in kentucky, it's 4:30 it's coming down snow, your u.p.s. or fedex driver simpu say let's see amazon, those are the guys who are going to get in the transportation business. i think i'm taking a coffee break, i think maybe i'll get there a little later -- >> are you saying this is deliberate? >> it's not amazon. >> we had a guy from the postal service come to our house at 7 p.m. on christmas eve, brought a package. >> michael, is there -- >> subconsciously it was. >> does nathan have a point? >> absolut

go ahead, simon. >> his writing is a performance. >> rose: right. exactly. >> you feel, i think more than you do with any other great writer in the presence of the author. you feel him doing it for you. wanting your admiration for the virtuosity of the different voices he employs. even the prose passages are like great arias. it's all a performance. >> rose: his daughter cheney dickens reported that once she passed by his open door when he was writing and saw him standing in front of a full length mirror and he was acting something about and he asked her about it. he gave her an interesting answer. he said "if you asked someone to list the ways in which an old man walks, he might if he's good think of eight or ten things but a decent actor is imitating a hundred motions." he would rush to his desk and write down what he had just done. so the acting and where writing were one. >> rose: robert, you were going to add what? >> don't talk about it, do it is what he used to say when he was an editor. the reason he loved acting so much was that you could d

go ahead, simon. >> his writing is a performance. you feel more than you do with any other great writer in the presence of the author. you feel him doing it for you. even the prose passages are like great arias. it is all performance. >> his daughter reported that once she passed by his open door when he was writing and saw him standing in front of a mirror acting something out. he gave a very interesting answer. if you ask someone to list the ways in which an old man walks, he might think of eight or 10 things. a decent actor is imitating 100 motions. he would rush to his desk and write down what he had just done. >> robert, you were going to add what? >> do not talk about it, do it that is what he used to say. the reason he loved acting so much was that you could do things by talking. simply by talking on the stage, you could see the reaction on the faces of your audience. you could make them laugh, you could make them cry. it took the time lag of publication and it crushed it. you could see the effects of your words on the faces o

another one is the jewish tomb of simon supposedly one of the early high priests, simon. simon the good. that almost certainly is, in fact, the tomb of a byzantine woman. you know, that's another one. and for the muslims there are um teen things that are -- umpteen things that are absolutely mythical. so it goes across all the religions. >> host: and what are some of the more important holy sites in jerusalem? you mentioned the via dela rosa. >> guest: yeah. i mean, the key site, the first site, the key site is the temple mount. that's the center of ate all. that's -- it all. that's where it all happens. >> host: and what happened -- >> guest: well, that's the place where solomon built the jewish temple, first temple, and his own palace stood there. whereafter that was destroyed by the babylonians in 586, a second temple was built there. and this temple was then rebuilt by herod the great, and when he rebuilt it, he built the most magnificent temple and the most magnificent city jerusalem's ever been. even today's it's not so great. and that's the temple that jesus walked

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we did a shot for shot recreation of the simon and simon opening credits with jon hamm and i we did heart to heart with amy poehler and i we did it is the show on adult swim which is the cartoon network at night turns into adults where that's a while network and it's more just kind of weird they're a bit well one night jon hamm and i who were friends and we were e-mailing each other you tube links to opening credits sequences from when we were growing up in the eighty's like magnum p.i. and the cosby show stuff like that and the last one we did for a couple of hours in the final one we sent to each other was simon and simon and we sent it at the exact same time and watched it and agreed this is the best one this one is just an epic perfect credit sequence and i just said we should we should do the shot for shot and he said yeah it's really that would be great and then i pitched it to adult swim kind of. offhandedly they wanted to do it and so often do you do the well we did. it's been a year and a half and we've done four we have one more that's going to air january twenty third which is

our own simon hobbs is joining us for more as he covers that beat. simon, good to see you from the new york stock exchange. >> thank you, sir. thank you, sir. yeah, david faber is reporting they'll price at $20 a share, so that's toward the top of the range. it would value the equity at $22.5 billion. this is a fascinating story, scott, as you know, in so many ways, not least the fact that there are 24 banks and brokerages involved in the process. that is, in part, payback, fee payback for the fact they kept hilton running. don't forget that block stone took it private at the height of the market, paid investors over 30% premium to take it private. and subsequently to that, of course, the whole industry crashed in 2008. you know, the hotels were having to shift inventory on the online travel agencies at bargain prices. it was a disaster for the whole industry during that period. and other players, of course, didn't make it through in the same way as hilton has. hilton has done extremely well. one of the reasons they did so well is because the banks k

bob simon is joining us tonight. bob, what do you remember about that first moment when you saw a free nelson mandela? >> the remarkable thing was, nobody had seen or heard a word from him in 27 years so we didn't know if we were seeing a dotterring old man broken by the apartheid regime. we didn't know even though he'd negotiated with the regime whether he'd go free and say to his a.n.c. buddies "okay, let's get them" and create rivers of blood. or whether he was there to lead the nation. and we didn't know for 24 hours. that night he gave a long, rambling boring speech and we were worried the next morning he gave a news conference and he called on reporters from the pro-apartheid papers, he treated them like friends and he was eloquent and funny and gracious and i thought "maybe he can do it." >> pelley: was there any single experience that you had in all the experiences you had in south africa that gave you a real measure of the man? >> yes, and it had nothing to do with him. i went to the island, robben island, s

simon baker, that's the question to you. >> no. >> i'll take it from here, simon. >> enough said. listen, was a quick answer to a quick question. seriously, the rates aren't going to -- this is what normalization will look like, interest rates will creep up, we have a strong adp number this morning. look, you have to remain solid, going to be along this market. we're taking more of a neutral stance here currently. the market doesn't do anything but go up. we're seeing the days the markets sell off, down four days in a row. guess what be it's up 6 1/2% today, up 4% year to date. time to take a little bit of money off the table, sit on the sideline, yes, you'll see more volatility, it's thinning out on the top but you need exposure in here, scott. >> good jobs report on friday, plus a possible budget deal. does that equal taper sooner than we think? >> it doesn't matter. jobs number could because they have a target. lowering target from 6.5 to 6%. let's look at why the ten-year went up. we had good economic data. jobs number was very strong. i think you'll see a strong number friday

simon and thanks for joining us. a look now at today's other top stories the pentagon says for us troops were wounded in south began when gunmen fired on the aircraft during a mission to evacuees american citizens while and there is spreading on the dispute between two rival groups the incident took place in the jungle a state. earlier thousands of armed news story to you when baits at least twenty people were killed including two indian un peacekeepers. their bodies have now been flown back to india. the land has called on the government of south sudan two results the crisis peacefully. thailand's main opposition party says it plans to boycott february seven election. the democrats also led an election boycott in two thousand and six that help de stabilize the government to pave the way for military tattoo protesters have flocked in to bangkok for another mass rally. their name is increased pressure on thai prime minister and optionally to step down. the democrats are closely allied with the protest movement which w

. >> well, now on booktv we want to introduce you to simon booker. mr. booker, what is your professional background? >> guest: well, i've been with -- [inaudible] over a half century starting with the baltimore astros. i had a -- [inaudible] who went to harvard or, carl murphy -- [inaudible] and he always wanted me to be a journalist. so i followed in his steps when i finished college. i joined the astros in baltimore, started my career. >> host: what year was that? >> guest: oh, boy, that was '42. i finished college and joined the astros. i stayed there a few years and then went on. then i won a nieman fellowship. that was in -- i can't get the years right. that was a nieman scholarship. i took a reak from -- break from the newspaper and decided that i would join "the washington post." >> host: so, mr. booker, your new book, "shocking the conscious," what are you covering in this book? >> guest: my life. i start off -- [inaudible] i started getting headlines when i covered the murder of emmett till, and it was my coverage on the -- [inaudible] and they

>> have to make that the last question, simon, but by all means answer. >> sure. i mean, energy efficiency is a big deal, helped by manufacturing process and i think there's just a constant challenge that we have as engineers of optimizing the processor, optimizing all the i.t. that sits around it, the consumption based on the battery why you have you've connected through it. >> simon searing the ceo of arm holdings. thanks for being with us. we wish you continued luck. >>> up next, santa will probably notice fewer my cons in its bag this year, the death of the camera when "press here" continues. >>> welcome back to "press here." the cameramaker, cannon, says it expected to sell fewer cameras this year compared to last for the first time in history. people don't need cameras when they have iphones. don mccaskill has made his fortune through photography, though not as a photographer but as the founder of the website, smudge mug, which allows both amateur and professional photographers to showcase their work. think to have as a very, very fancy flickr. he started th

simon is the bull, murphy is the bear. simon, you're up. make your case. >> up 22% year to date and going higher. costco is the largest warehouse in the world, 400 warehouses. it's all about cheap discounting, and people have massive loyalty to this company. the average margins are 10%, compared to 20%, 25% at amazon, walmart, et cetera. renewal rate at 90%. massive opportunity international. right now, they're the only one out of walmart, amazon actually profitable overseas, and looking to expand that, and over 2% of the sales is ecommerce, which is pathetic. what a massive opportunity for the company going forward. they doubled the 20% last quarter, sorry not last quarter, but the previous one. looking at ecommerce, and people looking for deep, deep value, costco is -- >> he's almost laughing as he's making his case. >> so looking at costco, up 26% year to date, averaged between 15% and 25% per year over the course of the last three years, this is a perfect example, simon, of a great company that's too richly valued. and when you look at

thanks, simon.>> and we're in record territory. to give you a couple of thoughts of what happened in the prior year, 2013, and thoughts on what's happening in 2014. by market capitalization, once again, we've had a situation where small caps represented by the russell 2000 have outperformed big caps. this has been happening for several years. big caps, too, did better than large caps. midcaps the sweet spot of the market. that's where you find a lot of the homebuilders, the airline stocks that used to be small caps have been in the midcap space, as well. now, the two most asked questions in the last few weeks from investors that i've been getting is, number one -- what do we do with interest rate sensitive stocks, because a lot of people fled into that as an alternative to bonds and it's been a tough year. they've underperformed. the s&p is up 29%. in the middle of the year, the homebuilder stocks fell apart, as rates went up and prices went up, and a concern about a slow downin the market. reits ar

sister simone.mbaugh says that the pope is a pure marxist that he is ripping america that he is ripping capitalism. is that the pope's new mission to attack america and american capitalism? >> absolutely not. and if, rush had actually read the document that was issued last week, he would see that the pope is really talking about returning to the roots of who we are. america is about community of people who work for the common good. and that's what the pope is challenging us to do. and pointing out that -- that the incredible income and wealth disparity in our nation and in our world is undermining the security for all of us. undermining everyone's human digni dignity. calling us to move away from that. it is ral eally to return to ou roots and be faithful. >> are you surprised that limbaugh and beck and these people are instantly politicizing the pope's language. it seems to me it is not helpful to their cause to bring additional attention to what the pope is saying. he criticized sourpusses. the wo

simon cooper. sports editor for the financial times series of books economics coming on and a new addition coming out soon. right now. i just did something up. funny that timing asked to step in that one. also this do the drop in lieu of the african press association thank you for being with us here for the world this week for this week retailers join the conversation on facebook and twitter are at and t w t w. it's the most a fall from grace north korea has seen since the nineteen seventies state media. first publishing photos of jennings some fake being taken away and then announcing the execution. of the man who was none other than president kim's uncle often described as the mentor of pyongyang's thirty year old ruler the despicable human scum time was worse than that on perpetrated thrice cursed acts of treachery and betrayal of the proponent trust and warmest paternal love shown by the party and the leader of the idea andy murray will the offense catching everybody off guard and we're all now

simon concentrated his studies on the credit side. he wooed to say about franklin roosevelt i disagree franklin roosevelt tried. famous phrase whatever it takes and his openness to experimentation throughout of the idea of decision making under these very difficult circumstances. you don't know how things are going to turn out. you have no idea what's going to work and what isn't going to work. i think a study of the depression and history of the fed and the, what we brought to that meant we were going to do whatever it took to avoid the great depression. he helped shaped the decision-making machinery to get us to that end. >> of course, the financial crisis didn't arrive on a rocketship from mars. it wasn't an act of god. it was preceded by a lot of developments in the economy. in the financial system that as simon pointed out, the federal reserve was in part charged with supervising. while i don't think there is any substantial question that it could have been worse, i want to ask you about whether it could have been better in a min

simon has a huge investment in clay pierre. look at resurgence in europe where i think 2014 bet in real estate is, where about where we were in 2009 in europe, that play with simon, those assets are represent applicable. >> you love the hotel space. hilton ipo on friday. what do you think of hilton, first and foremost, what do you think of the space? >> genius. hilton was a genius play. engineered an unbelievable restructuring. so, part of the benefit was that they had a strategic plan over a long period of time to go asset light. it's the flavor of the month. no one wants to own assets, they want the long-term no-cut management agreements. even though it done benefit from having a reit structure for the properties that it owns, cash flow is significant. great thing is blackstone lost 76% of stock so they make sure there's value there over time. the hospitality sector in general isn't the place to play. you're starting to get operating levg raj. adr's coming back. rates are moving slowly, everybody's getting balance sheets in o

rickster. >> hi, simon.taking over the markets, taking over health care. but something great happened. mexico's going the other way. they see the energy craze. they're getting the government out of the business. we're going to talk about exactly that with the 35th commerce secretary carlos gutierrez under the second term of george w. bush, all after the break. you want to hear this one. free markets. free governments. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. [announcer]...if you think the best bed for one of you might be a compromise for the other one... [woman]ask me about our tempur-pedic. [announcer] they're sleeping on the newest tempur-pedic bed... the new tempur choice... [man]two people.two remotes. [announcer] firmness settings for the head,le

let's ask sister simone. you for being with us. >> glad to be with you. >> i want to start with pope francis, some of the comments he made about economics in particular have really created white a stir and one of my favorite things is trickle down economics, he's quite critical. called it an opinion which has never been confirmed by the facts that expresses a crude and naive trust in the goodness of those wielding economic power. what do you make of the pope's comments on economics and the fuss and controversy that they have really created on the right in america? >> well, he certainly has stirred up the right because they've been quite settled and delighted with the amount of wealth they've been able to hoard for themselves. what the pope is saying is that the earth was given within our faith as we believe, given to all. and that all should share in the benefits of it. that the responsibility of those who hold property is to make sure that the common good is achieved, he makes it abundantly clear that the in

simon seegers is the new ceo of arm or more prop letter i arm holdings, the british -- the biggest technology company by market cap is all of the uk, joined by john schwartz of "usa today," harry mccracken of

simon, that's a puzzle.maybe not the magnitude but certainly the direction on the sign on holiday sales. >> what was the 9% fall? people say they're going to spend 9% less this year? >> less than they actually spent last year. we take our estimate and put it against what the national retail federation says was the actual spending last year. >> thank you very much. ready or not, there are now 12 days till christmas. for many retailers and malls, it could be a frosty weekend as snowstorm electra barrels across the country. joining us now is the general manager of the lotti outlet malls. >> thank you for having me. >> do you think the bad weather will affect your customers, your licensees' trade thkt? >> ohio is a tough community. people are used to having snow in the winter. as long as we're prepared for them and we can keep the walks and driveways clean, i know that people will be out braving the weather and shopping and spending money. >> yeah. we're trying to get a gauge on how strong things are at the mome

certainly shares to watch, simon.k you very much, dom. >>> up next, fast food workers are set to walk off the job in 150 different cities today, protesting what they call wages that are simply too low. before global opportunities were part of their investment strategy... before they funded scholarships to the schools that gave them scholarships... before they planned for their parents' future needs and their son's future... they chose a partner to help manage their wealth, one whose insights, solutions and approach have been relied on for over 200 years. that's the value of trusted connections. that's u.s. trust. stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade

and simon thank you so very much one of the most influential man in russia before he went to prison ahead of the yukos oil company was also the country's richest man his fortunes changed when he took on the russian president vladimir putting ice funding the opposition with a back now it is dry and all khodorkovsky before his troubles began. at that time he was the head of the oil giant new cozy update the business meeting the richest men in russia and what will you stand in the world with an estimated worth of eleven billion euros the anger the russian government would complain about corruption in ross left the state owned oil company but president bloody difficult to turn the tables on khodorkovsky. he asked about the extraordinary wealth he acquired in siberian oil fields. and whether you eat the proper taxes on it. one hopes he was afraid to fourteen funding opposition parties in advance of the duma elections. in october of two thousand and three he was arrested. in two thousand five hundred hopes kyi was sentenced to nine years in prison for fraud the government froze shares in

is another one from simon you couldel about dickens again. take a look this is talking about work as an actor and director. the influence of all these roles as an actor and director. on his writing. here it is. >> oh, it was all consuming, from a very, very early age this great, this great gift of performance, he would stand on the table in the local pub and tell stories and sing songs. he went to the theatre at a very early age in chatham, fell in love with it, absolutely. also fell in love with the process of making theatre. he went to rehearsals, for example, of the amateur company run by his step cousin. and he as soon as he possibly could he started acting himself. and there was a serious desire on his part at one point to become an actor. he actually applied for an audition to the garden theatre an simply illness stopped him from taking it up. he then the audition was defered to the next season and instead he was invited to become parliamentary reporter on his uncle's newspaper. and then his destiny as it were was set in that direction.

simon? >> thank you for that.and our very own steve liesman joins us from washington. steve, what is the big picture takeaway now from the data that we're getting? >> i think the economy was strong in the third quarter and some of the weakness that we're going to get in the overall gdp number in the fourth quarter i think is exaggerated by inventory turn around. jobs are doing okay, we came back from a little swoon we had in july/august and it looks like businesses in the private sector were able to find their way through or even see through the government shutdown and hired and seem to be doing okay with the big exception to the data capital investment, simon. >> i know that's a big thing for next year. tom, the dow and s&p have each recorded eight consecutive weeks of gains. is it any wonder that we're correcting? >> i think what the market has to grapple can is what's your next catalyst to move higher? we have a modestly better economic profile built in for 2014 but it's still a better profile. while it may see

>> simon, simon, you had the u.k. their gold and they left 10 billion on the table back in london when i spoke with you. so, please, don't go down that path. what i've always advocated is a diversified portfolio and having a 10% waiting in bullion and gold stocks has been prudent. >> even, frank, when you look at the year over year performance, it's down nearly 30% this year. that's not a good performance when you look at the overall equity market that's up that much. >> yeah. and there's a whole not process with diversification in bonds and much more money wiped out in people paying all their money in bonds in the past year. look at the capital market and total dollar amount. when you look at a 10% waiting and rebalancing each year, in fact the overall portfolio is up. so, simon, have some compassion for asset allocation and rebalancing, simon. that's what's important. and there's more money lost in apple computer for retail investors than there's been in gold. >> the difference between you and i is that i'm not tryi

mary simon is not one of those people. the executive director for raft says she knew the idea she had 20 years ago would be big. her prediction is tonight's bay area proud. inside this building in sunnyvale, in the heart of silicon valley where so many new products are born, you will find a warehouse filled with things waiting to be reborn. box after box overflowing with old film canisters, surplus packing material, anything. and we mean anything some local business could not longer find a use for, but mary simon can. >> it's a pie pet tray. >> reporter: she loved creating hands-on math and science projects for her students. >> you need stuff. you have to have a pile of stuff. >> reporter: stuff mary couldn't buy enough of on a teacher's salary, so she became a scrounger. whatever companies didn't want, she would gladly take and turn into projects for her kids. mary became so good at it, she decided to turn pro and the resource area for teaching was born. >> i really wanted to make an impact with kids not just in my own cl

hi, kate. >> reporter: hey, simon. how are you? closing arguments did get underway shortly after 10:00. the government has made the case that michael steinberg, on leave from sac capital, his long-time employer, the hedge fund, traded on insider information on a couple of occasions in the late 2000s. the case the government is making is that steinberg trade based on edgy, proprietary information, in this case on a couple of tech stocks that are at issue. what the defense has tried to do is beat down the credibility of the star witness, a former analyst that worked for steinberg. unclear if they have done so effectively. edgy and proprietary are words that could be used in a coded way. they may not mean nonpublic information, according to the defense. according to the government, it was understood that steinberg, the defendant, wanted nonpublic, and, therefore, illegal information. based on the time frame we are seeing, the jury could start deliberating as early as tomorrow, possibly the tail end of today, although probably unlikely

our political correspondent simon young is here to help us put it in perspective. let's start with the first female defense minister. was anyone expecting that? >> i think it has come as a surprise. of course, this is traditionally a male dominated air. she will be a defense minister with s children to look after. but it was clear that she was looking for a big challenge. she is held office under merkel before as labor minister and families minister before that. the defense portfolio can be tricky. previous defense ministers have slipped up particularly over procurement problems when things of the euro, drone, scandal, where money was spent but the program was closed. but i think if she gets through without too many problems that alone would be seen as success for her in this new job. >> chancellor merkel still at the helm but big changes in her cabinet. what does that tell us about her grip on power? >> i think she is very much in charge. the christian democrats are in charge and they have the jobs of defense, interior, finance minister and chancellory. a certain

me voy a ir con claudia mamacita molina y simÓn ricardo.zo contrario, pierna, y cambio. >>> quÉ bonito estÁ este. >>> sonrÍa, y bien georgina. >>> muy bien rene. esto desarrolla mucha coordinaciÓn. y la sonrisa que es el mejor adorno y demostrar que estamos saludables. quÉ maravilla. nos divertimos, para las personas que son mayores con 15 a 20 minutos es perfecto. comer saludable tambiÉn. >>> tu estÁs bien saludable. >>> les gusto? >>> bien! ♪ ♪ >>> me encanta, karlita que haces? >>> ximena me dijo que tiene las pompis asÍ por hacer este ejercicio. >>> ayuda al movimiento. pero sobre todo al Ánimo. sube mucho el Ánimo de los seÑores. >>> gracias a claudia. y vamos a practicar. ♪ >>> eso! ♪ ♪ ♪ ♪ ♪ >>> para la mÚsica walter, tengo que saludar a manÉ de la parra. >>> y a mÍ. >>> no. a manÉ de la parra, uno de los solteros mÁs cotizados de la tv , ay, manÉ, se ve tan bien en persona, en persona es mejor. y cuando jugaba fÚtbol yo querÍa ser su protagonista. pero estaba muy ocupada. y mÁs adelante tengo un revoltijo, sÍ lo pusiste tu. y cuides

for simon to exit the people, put himself into a dangerous situation. >> as for simon, he has secondughts about his actions that day. >> it's probably something i should have just let go and just keep driving because it wasn't worth all the hassle. it wasn't worth what it was. >> it's not good to lose your cool with another driver. and you really should take a deep breath before you scream at a police officer. >> are you [ bleep ] crazy? i wasn't speeding, you [ bleep ] fool. >> july 16th, 1992, lincoln, maine. state trooper lincoln murray is patrolling a busy expressway when a red suv zips by. >> checked his speed and saw he was going 30 miles over the posted speed limit. the vehicle was coming at me at 75 miles per hour. >> murray stops the speeding vehicle. the police dashcam shows the officer walking toward the suv when the driver erupts into a shrieking fit of rage. >> i'll have to plead guilty. i have to work. i can't afford to take the day off. you damn, [ bleep ]. >> i knew almost immediately this wasn't going to be your typical traffic stop. when i approached the vehicle, he

simon? >> yeah, i mean, i read jeffries report. they're concerned about same-store sales growth going forward. difficult comparisons going forward, and they cut it. but i like the stock down here. i'd be buying on the dip, the thing to do internationally. i like gap longer term. >> two calls on twitter today. bernstein initiating coverage with a market perform rating, and a $40 price target. ever core raising the price target to 52 bucks from 43 maintaining outperform rating. the stock is trading higher on those reports. murph? >> it actually just reversed course, judge. it's trading down on that news. and i think twitter, a lot of excitement came out on the ipo, a lot of people were very excited about getting involved. but got ahead of itself. you can't -- tough -- this twitter, very similar to facebook, it needs to marinade a bit in the levels. i'd be a buyer of twitter under 40. i wouldn't be jumping in here. >> sears has filed with the s.e.c. to spin off the lands' end holding business. it needs the approval of the board. >> an

simon baker.. >> groupon barely scratching the surfa surface. >> jim. >> i know it's big but apple, you have a balance sheet that's for tress like and a cheap valuation. it's big but you'll make money. >> a second half story. i have pete najarian ringing in my ears on that and came to fruition. >> steve weiss, i would be remiss if i didn't give the viewers a bonus. citi being one and tenet health cares or the hospitals in general, will get it right this year. >> doc. >> pick one out of favorite, abx, unusual call buying today. >> happy new year to you guys. see you on the other side. power starts now. >> and welcome to "power lunch." we are starting at the tradition at the cme and happy new year, rick santelli. are you there? >> chicago. >> happy new year from the cme in chicago. i don't even think the fed could have done a better job if they had dollars thrown up in the air. we all wish everybody out there in tv land a happy and prosperous and healthy 2014 from the cme group. happy new year. back

simon, let me start with you on this. i know in europe, frankly all the rest of the world, right, has a digital kind of a system? what's the difference? >> it has a chip. basically, it sends an authorization code, a different one for every transaction. it's encrypted. it sort of rotates it so you can't just take that and use it again once that encryption, that code is -- >> why don't we have it here? >> well, i think it's because the banks have no incentive to deal with this. there's relatively few banks. we've got less and less banks. they can just pass on the losses to the consumers. >> if there's fraud they just charge more to you and me if we go to the store? >> basically all of us combined. that's a big problem. they also know if they lose everything, if they're completely wiped out, the government will bail them out. >> you have a safety net, too. so americans could be relatively comfortable, the big banks, the institutions could be comfortable knowing that, well, we have the fdic. >> maybe not anymore. 40 million a