steve bell was making indra iphones i would be more concerned.y much the final choice these days. neil: but isn't that old genre house selling apple? >> in aggregate, yes. the thing you have to remember is that cool handles android. neil: who cares? you just said in aggregate. >> it is not. there are two different ball games. two different companies, to completely different business models. neil: one seems to be booming in the other not. >> they spend money. the developers will go. competition is good. neil: what do you make of that? >> all that is true. neil: i'm glad you said it's all true. i had no idea what was saying. >> here is how i would explain it. apple had time or it was the only global superpower and smart phones which is really relevant because if you have the money to buy a high-end phone there was only when you were going to bite, and that gave apple tremendous profits and pricing power and market power and so on. that justice in the case anymore. >> there are at least two global superpowernow. the iphone and that galaxy by samsung

." >> steve: "saved by the bell." [ cheers and applause ] these are 30 seconds on the clock, and go. >> this is the person in charge of the classroom. >> teacher. [ ding ] >> this is the thing you get that shows your grades. >> report card. [ ding ] >> this is where you get books. >> the library. [ ding ] >> this is what you keep your stuff in. >> backpack. [ ding ] >> this is what you sign for people. >> forms. >> best friends forever. >> yearbook. [ ding ] >> this is what you are after you're a freshman. >> sophomore. [ ding ] >> this is what the grounds of the school are called. >> the playground. >> college. >> the campus. [ ding ] >> yes. >> jimmy: oh. ♪ [ cheers and applause ] >> steve: drop the mic! >> jimmy: that's ridiculous. >> steve: oh. sit down! sit down! >> i will not sit down. >> jimmy: you sit down now, missy. >> steve: you did it. all right, jimmy. pick carefully. seven. she got seven. she got all of them. >> jimmy: how are you with billy joel songs? >> i'm good. >> jimmy: all right, let's go "bottle of red, bottle of white." >> steve

. >> joining me is steve bell who is no stranger to these budget battles.ector of the budget committee and is now senior economic policy. in your view who's going to be hurt the most by these forced spending cuts? >> in the short run not many will notice but the hurt has already started. >> in what way? >> for small businesses who depend on contracts with larger contractors through the federal government. they've already had to cut back on their hiring plans. in some cases they've had to be forced to sell their business in this region, washington, d.c., region because they can't get credit lines extended. so we've seen in the last six months by the gross domestic product features, you've seen people waitling for aattempting to anticipate the sequester. >> so this isn't the first time we've seen forced spending cuts or even entertaining the idea of it. i guess you're considering to be the father of for spending cuts idea. were you a fan of it then or is was it over time you have decided it is a hurtful option and you see it only as a devastating one now? >>

at 2:00 eastern we'll hear from steve bell, former staff director for the senate budget committee.e on the cuts. he says it wasn't good years ago and still not good to see forced spending cuts. 2:00 here in the "cnn newsroom." >>> as her lawyers prepare to take the stand, our legal guys weigh in on jodi arias' case of self-defense. >>> first, a perfect time to take a tropical vacation perhaps. holly furfur shows us a place that's pretty easy for most americans to visit. >> puerto rico is an easy tropical vacation. >> you don't need any passport documentation to travel there, and of course once you're on the dwrounld you don't need to exchange any money or learn a new language. but it's that quintessential caribbean experience. >> puerto rico is located between the dominican republic and the british virgin islands. u.s. flights alive in san juan, also the top cruise ship destination in the caribbean. >> san juan is home to old san juan, a haven for people looking for nature trails and coral reefs. and fortresses that go back 400, 500 years. there is vieques, an island that was a mil

by the way, i wanted to show you where they ring the bell. >> steve: cool. >> that is the bell podiumittle smaller than what you think. >> gretchen: it does. >> but obviously that's where they kick it off every day. >> clayton: stop trying to hide this piece of video. i know you're trying to stall. here is your first broadcast on the "fox business" network. we have some video. take a look at this. >> gretchen: how many years ago was that? >> that was in october of 2007. that is when the dow had reached its all-time high. it was over 14,000. then i spent the next several years talking about the financial crisis, layoffs, dividend cuts, down to 6500. here we are back now once again celebrating all-time highs. great for the folks with 401(k)s and iras. >> steve: 25,000 hits later, we thank you very much. nicole petallides who joins us on friday. and as we just saw when we took a look up at the balcony, today is international women's day being celebrated at the new york stock exchange. thanks, nicole. >> thanks. >> gretchen: time for headlines for your friday. nasa hiring a chinese spy to

bell. apologies to tom coughlin, you're reading on his card. [ laughter ] >> steve: i'm just in the taco bellt's good. >> gretchen: good placement. >> brian: congratulations. can people come here and get a free taco around the world? >> steve: i think the crew will clean this up. you can go to your local taco bell. >> gretchen: oh, wow. >> steve: they'll sell you one today. >> brian: happy wednesday with the cool ranch. now to your headlines. in a few hours, trading kicks off on wall street after the dow hit a record yesterday. expecting another one today. it closed at 14,254. beating the previous record from 2007. it sent overseas markets soaring. japan's nikkei index jumped 2%. european markets also seeing strong gains. >> steve: like a plot of a horror movie, a super bug is redding across the country. the cbc calling it the nightmare bacteria. cre, as it is now known, comes from the same family as e.coli, but it's resistant to antibiotics. that's bad. bacteria is currently finding its way into u.s. hospitals, spreading by dirty hands and into some nursing homes as well. research shows half

bell. >> steve, thanks so much. we'll be back.we're going to head out to beijing, as well, with the government pledges to boost spending in order to meet its target of 757% growth this year. can it be done? >>> welcome to "worldwide exchange." i'm kelly evans. >> and i'm ross westgate. >> beijing steps up spending and build out china's domestic economy. >> better than expected growth for britain's financial services sector in february. the pmi shows the fastest expansion in five months. that's pushed the pound higher against the dollar. >>> a 10% drop in german car registrations in germany over-shadowing the start of the geneva motor show. plus, hammer gooelg gelam lambo new vehicle. >> and the earnings for standard chartered, $6.9 billion. . . >>> retail sales out of the uk, up 2% on the month. down minus 1.3% on the year. that's much stronger than the plus 0.3% we were forecasting. it's the largest month since april 2011. the rise in nonfood sales arched since november 20011. here is the kicker on this. they may be flatted by ne

let's remind you, as well, steve will interview the new treasury secretary. 4:15 eastern on the closing bell tomorrow. certainly looking forward to steve's big interview there. and i know all of you are as well. >>> coming up on the "half," an exclusive report from kate kelly on david tepper and his outlook for stocks. and with the s&p trying to hit new highs, is now the time to get in? rebecca reveals her strategy when "the half" continues. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get y

stick around to find out why and tomorrow on closing bell, steve liesman will have an interview withcob lew. as we head to break, take a look at this week's early movers here on wall street. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversific

steve. i was there. it's fascinating. love factories. 4:15 p.m. eastern time on the closing bell.program, will the big banks be able to increase dividends or buy back their stock to a greater extent this year? the second half of the fed's stress test are released this afternoon. we'll have a preview for you right next on cnbc. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> this afternoon we'll get the second half of the stress test. these

steve crutchfield, thank you. >> thanks a lot. cheryl: closing bell going to ring, we have got 28 minute toss go.ing some pressure on the dow. dow is down 54, so remember we were down 109 earlier, that was the top of the session. now, we'll see. we'll seeful we've got 28 minutes to go. also watching the smartphones battle. it's getting good, actually. the biggest competitors are taking it to the ring for a battle royale. apple takes a strike at samsung's new galaxy phone and blackberry's highly-anticipated z10 phone is going to be hitting shelves this friday. good stuff. who's going to -- [inaudible] smartphone king or queen? that's kind of sexist to always say it's the king, right? we've got the latest coming up after the break. stay with us. ♪ music ... music ... >> i'm adam shapiro with your fox business brief. acting commerce secretary rebecca blank is taking a new job as chancellor at the university of wisconsin madison. of blank will start her new job in july pending final approval by the school's board. federal employees will rally in washington, d.c. wednesday to protest federal spending

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steve urkel turns into stephan arkel. as you may be aware, doritos partnered with taco bell to create the doritos locos taco.ch is a taco with a shell made of doritos. now dorito is making a chip based on it. they're making doritos that tastes like taco shells that taste like doritos. so in other words, they're making doritos, right? it's either a snack or a sequel to the movie "inception" i' not sure. confusing. they have a new commercial that clears it up. >> introducing the doritos locos tacos. redesigned back into the classic dorito shape. natch co cheese and barbecue flavor. based on the best selling book "push." in stores april 74th. >> available at walgreens. >> jimmy: congratulations. you just broke the brain of every stoner in america. where do you stand on that guillermo. >> i like it? >> jimmy: you're for it? >> yes, for it. >> jimmy: wonderful. in a new interview, hugh hefner estimates -- they asked him how many women he slept with. he slept with more than 1,000 women. one for every year of his life. i think it's the way he carries himself. hugh hefner always knew just what what to say to have a

. >> steve: her name is anna bell and she works fort daily mail in london and she hired a professionalo go from barely any make-up, natural make-up, right up to midnight vamping. so as you can see, the first one, screen left, natural. very little make-up. as you can see, her husband gave her a 3 out of five marks. >> brian: the second shot is what? eye make-up? >> gretchen: understated with just -- in the business for women, it would be blush, lip gloss and mascara. >> brian: does it go up? >> gretchen: one notch. >> brian: this is all about the eyes. am i correct? a little darkness under the eyebrow. >> gretchen: no, no. darkness around the eye. if it was directly under the eye -- >> brian: guess what she's rated by her husband? five out of five. he's pro sultry. >> steve: you would think if he liked that, if she just went completely crazy and added what they refer to as midnight vamp, that he would love that? absolutely not. of the four faces, he only givers it one out of five. >> gretchen: that's because the lipstick is way too dark on the last one. i don't know. maybe if she chose

steve forbes will weigh in exclusively on that coming up later on the "closing bell." >> also, sticknight's special coverage of this historic day hosted by carl quintanilla and jim cramer and myself. see you live at 7:00 p.m. eastern. see where this market heads next tonight. i have low testosterone. there, i said it. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in acne, poss

steve doocy. >> what are you doing 45 minutes from now? >> it's a date. because did you realize today is taco bell fan day?l unveil brand new cool ranch dorr rit tee taco low cos. we will have some in the studio. you may have some provided the crew doesn't eat them all. the tsa has decided you know what we should allow on the planes? knives. great. also rudy giuliani will join us and old buddy larry gatlin. it starts soon on taco day. ounce melts... made fresh and hot! hand crafted just for you. it's like a sexy sandwich. [ anouncer ] compare new griddle melts yourself. just $4. it's like a sexy sandwich. it's an epic breakfast sandwich. >> nine minutes to the top of the hour. a quick thinking dunkin' donuts employee saved himself from a robber with hot coffee. the worker tosses a hot cup of coffee in the guys face. when that didn't work he went for the entire pot. the robber did get away empty handed. new york city's mayor michael bloomberg. they are reporting the next campaign will be against loud music. bloomberg says it's to stop residents from beigoing deaf. heather next thing. >> thank you so much. d

hours subtract the number of meals per day and multiple the bells tolled daily, it should take four days. some number crunching. is this from stevehis. >> check back in. jared cuts to the chase. a month at most. i want a cycle coffee mug, too. we are in the business of making people's dreams come true. a mug will be on the way! maybe a toure tv mug. we have a bunch of those. >> oh really? oh really? okay! i see how we're playing the game. >> see, liking us on facebooks has benefits. >>> up next, the trial everyone's talking about. if jodi was abused, is that a defense that can be measured? [ thunder crashes ] [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. email marketing from constant contact reaches people in a place they're checking every day -- their inbox. and it gives you the tools to create custom emails that drive business. it's just one of the ways constant contact can help you grow your small busines

but bell to our top story and those developments in venezuela and what the future holds for the country following the death of hugo chavez well joining me now is stevelmer he's a visiting professor not an american and caribbean studies at duke university steve nicolas maduro he is the hand-picked successor what is he got to do now to continue with the popularity of the people and continue with chavez's policies it's going to be a hard act to follow isn't it yeah it's years i'm sure but will it certainly will i think. dog is comes from the labor sector he was a trade union leader. in the one nine hundred eighty s. and ninety's and he is he headed the presidential commission that drafted the new labor legislation so he's known for being a reformist and i think that's going to help him and i think that will. assure that he will contain a certain to be a popularity but i think the key to all this is that he is closely associated with china as you know one child was left. to go to cuba to land a lot of stuff is less public announcement but he called on venezuelans and his people who are particular to to vote for who are disappointed or into elected presi

bell. [ laughter ] >> jimmy: it's smart. it's the gets the point across. [ cheers and applause ] it gets the point across >> steve: you know it>> jimmy: 1.5 million for that. $1.5 million. >> steve: that's a bargain. >> jimmy: get this, you guys. a zoo in california announced that its monkey has randomly picked the 49ers to win the super bowl. [ light laughter ] and not surprisingly its deer picked ray lewis and the ravens. [ laughter ] the deer likes ray lewis. >> steve: wow. >> jimmy: and this is weird. a lot of people were saying that ravens quarterback, joe flacco, is supposedly a boring guy, very boring, and flacco's dad -- this is awful, his dad recently came out and called his son dull. [ laughter ] he said, "yeah, he's dull. he's boring." why would you do that? but we actually got a hold of some of his thoughts. >> steve: oh. >> jimmy: joe flacco's. it's pretty eye-opening. take a look at this first photo here. here's flacco. he's looking down for an open man down the field. i remember this game, it was really exciting. let's see what he was thinking during this moment? i like plain, dry toast. [ laughter ] let's look

steve liesman will be travel, jack lew and we'll have a one-on-one interview with the new treasury secretary today at 4:00 p.m. on closing bellsamsung will launch the latest model of its galaxy smartphone tonight in new york at 7:30 p.m. eastern. the hype is growing for the galaxy 4 with reports suggesting an eye-controlled screen. apple isn't taking the samsung launch lying down. it's believed rival devices are inferior to the iphone. joining us now, david garrity from new york. david, we're just, wa, a little more than 12 hours away from samsung's launch tonight. do they have to come out with this i controlled screen here, do you think, to justify all the hype? >> no, not necessarily the icontrolled screen, although that will probably be a nice of technological innovation from the company which is being seen as a user for other people's technology. for samsung, using other people' technology has risks with it as we've known from the successful verdicts that apple has won against samsung previously for ip infringement. samsung has been setting higher expectations of saying they're the next big thing. >> what do you make of a

steve forbes, fox chairman and editor-in-chief. he has thoughts on that you don't want to miss coming up on the "countdown to the closing bell" -- "after the bell" [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. ♪ (train horn) vo: wherever our trains go, the economy comes to lif norfolk southern. one line, infinite possibilities. david: five seconds away. s&p futures are closing let's head back to tim mulholland in the pits of the cme. what ar

steve hindy's place. it looks like and tastes like and goes down like beer. but it smells like success. >> we smell beer now in 25 states, and the name brooklyn rings bells in sweden italy, in france, in germany, in japan, in china. >> reporter: hindy was a longtime foreign correspondent in some of the world's most dangerous places. he quit the news business in the 1980s and decided to turn his hobby of make beer into a small business. he started in a part of new york where property values were comparatively reasonable. they focused on keeping cost low, quality high, helping community charities instead of buying big ads, and crafting distinctive brews that stood out from mass produced beers. >> i think the reason why we've been successful is that we've always trusted that people have good taste. rather than trying to dumb things down or do focus groups and try to figure out what does everybody like. >> reporter: the result, even as the recession raged, hindy's place kept going. even as per capita beer consumption plummeted, the brooklyn brewery kept growing. >> well, i think it's just the fundamental fact that people are drinking less beer, but they're drinking mo

steve forbes on this program earlier this week dismissed those charges, but today the prince's chief financial officer for kingdom holdings makes his case exclusively on the "closing bell >> he says he just doesn't like the methodology. tell us where we stand as we approach the final stretch on wall street. as you can see, we've seen the market come off the highs for the day seeing the double-digit move up 25 points on dow jones industrial average. uncharted territory and nasdaq composite higher, though, it, too, off the best levels with a gain in the session of 7.5 and s&p 500, 2.75 points higher on the standard & poor's. in today's "closing bell" exchange, jack abalin with bmo, rick fehr, mark auto from knight capital and our own rick santelli. good to see everybody. >> welcome, guys. >> thanks so much for joining us. >> good to be here. let me start actually on the flow, mark otto. you are there and where are you seeing the money move today given the fact that we're in uncharted record territory once again? do you see anybody pulling back thinking perhaps valuations are getting stretched here? >> well, we're still seeing a rally in text. consumer discretionaries and

bell going to be ringing, we have now got 37 minutes to go. charlie gasparino has the latest on a story that he broke first. what is next for billionaire steve? stay tuned. ♪ friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. cheryl: sac capital is settling insider trading cases for $614 million. sec says the hedge fund's ceo steve cohen is not being charged, but charlie gasparino first reported in january the sec was telling investors they believed steve cohen was going to be okay and to keep their money with sac. what are they doing now? >> we also reported that they were, essentially, going to pay a big fine, that's what they indicated to investors. we'll get to some of the specifics, but what's kind of interesting about sac is how much misdirection they give to reporters. i mean, i tell this to everybody, sometimes i give seminars to pr people who ask me how do we do our job, you don't actively mislead. you know, i could

in brazil, even in communist cuba they rang the church bells in celebration of the first latin american pope. bill: for good reason. thank you, stevery in miami, florida. martha: a lot of happy faces, right. bill: the first trip he makes to buenos aires, can you imagine the turnout. martha: like pope john paul ii went to poland, a beautiful and great moment. we are awaiting a another big meeting that is about to happen on capitol hill about our nearly 17 droll trillion debt. -- $17 trillion debt. president obama meets with senate republicans today after meeting with house republicans yesterday. we'll speak with a congressman who was at that meeting and we'll find out what it was really like, coming up next. [ herzlich ] i'm a professional football player. i started playing football when i was 7 years old. following my junior season in college, i was diagnosed with cancer. the doctors told me that i would not be able to play football again. during recovery, i wanted to give it everything i had, from training to a good rest. i had tweeted i couldn't wait to get in my tempur-pedic. the company had seen it. they said, "are you really a

steve's place. it looks like, tastes like, and goes down like beer, but it smells like success. >> we sell beer now in 25 states and the name brooklyn rings bellssweden, in britain, in italy, in france, in germany, in japan, in china. >> reporter: he was a long-time foreign correspondent in some of the world's most dangerous places. he quit the news business back in the 1980s and decided to turn his hobby of making beer into a small business. he started in a part of new york where property values were comparatively reasonable. his small team focused on keeps costs low, quality high, helping community charities instead of buying big ads, and crafting distinctive brews that stood out from mass produced beers. >> i think the reason why we've been successful is that we've always trusted that people have good taste. rather than trying to dumb things down or do focus groups and try to figure out what does everybody like. >> reporter: the result, even as the recession raged, his place kept going, even as per capita beer consumption plummeted, the brooklyn brewery kept growing. >> well, i think it's just the fundamental fact that people are >>> "outfro

bell." bob predicted that on this program that we would make a new high in the quarter. he's up next. later a person whose name and capitalism go together. stevebes weighs in on how long the party on wall street may last, and before the commercial breaks today, we'll give you mini history lessons. don't worry. no quizzes here, but it was october '07 the last time the dow made an all-time high. what topped the music charts back then? it was "crank that" by soldier boy toppinging the top 100 chart. neil and buzz: for proving there's nowhere we can't go. but, at some point... giant leaps gave way to baby steps... and with all due respect, you're history. if you taught us anything, it's that you can't cling to the past... if you want to create the future. that's why, instead of looking behind... delta is looking beyond. pushing u.s. aviation to new heights. all 80 thousand of us. busy investing billions in the industry's boldest moves. it's biggest advances in technology. bringing our passengers the best, the most spacious fleet in the sky. and earning more awards than any other airline... to show for it. so rather than simply saluting history...

bell for the. he ran a company called the company, and i was covering the company at "the wall street journal." steve madden, the shoe guy was involved at one point. he has a small role in this film. here is the interesting thing, belforte wrote a book called, the wolf of wall street. i heard it sold fairly well. he optioned the book to scorsese to produce and direct the movie. the question is, does he get to keep any of that money or any of the, any of the money that the movie makes? you get something like 5% of royalties after you're paid out, after, say he gets $500,000 up front. he gets 5% of the royalties. here is basically whether i what we know. i want to emphasize to the audience. this story is kind of fluid i really have to get the justice department to walk me through some of the numbers. i went into their database. this is what i found. he owes restitution to the victims of the stratton and people essentially cold called and sold phony stocks, fraudulent stocks, many of them. a few weren't. but he owes them $110 million. he, now he has been, that was part of a plea deal that was struck in

bell," more bullish on the company. he has increased his position 50%. melissa: he is a brave guy. cyprus scrambling to save its banking system. stevee "wall street journal" is here with that next. >> despite the concerns of cyprus, stocks are higher. the dow just about ten points off session highs. take a look at the names leading the charge. ♪ . .. today is gonna be an impoant day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. some of the world's siemens. answers.bines uh, charles couldn't make it. his single miles card blacked him out here and here. he should have used... the capital one venture card. he's coming to us from home. hey fellas... hebaby, you want mama to iron your undies? nice tightie whities. i didn't know mrs. barkley made quilts. really? looks like a circus tent. is that the best you got? now if you put this, with this, you have a sailboat. w

steve hindi's place. it looks like, tastes like, and goes down like beer, but it smells like success. >> we sell beer now in 25 states and the name brooklyn rings bells in sweden, in britain, in italy, in france, in germany, in japan, in china. >> reporter: hindy was a long-time foreign correspondent in some of the world's most dangerous places. he quit the news business back in the 1980s and decided to turn his hobby of making beer into a small business. he started in a part of new york where property values were comparatively reasonable. his small team focused on keeping costs low, quality high, helping community charities instead of buying big ads, and crafting distinctive brews that stood out from mass-produced beers. >> i think the reason why we've been successful is that we've always trusted that people have good taste. rather than trying to dumb things down or do focus groups and try to figure out what does everybody like. >> reporter: the result, even as the recession raged, hindy's place kept going, even as per capita beer consumption plummeted, the brooklyn brewery kept growing. >> well, i think it's just the fundamental fact that people ar

steve hintedy's place. it looks like, tastes like, and goes down like beer. but it smells like success. >> we sell beer now in 25 states. and the name brooklyn rings bellstaly, in france, in germany, in japan, in china. >> reporter: hindi was a long-time foreign correspondent in some of the world's most dangerous places. he quit the news business back in the 1980s and decided to turn his hobby of making beer into a small business. he started in a part of new york where property values were comparatively reasonable. his small team focused on keeping costs low, quality high. helping community charities instead of buying big ads, and crafting distinctive brews that stood out from mass-produced beers. >> i think the reason why we've been successful is that we've always trusted that people have good taste. rather than trying to dumb things down or do focus groups and try to figure out what does everybody like. >> reporter: the result -- even as the recession raged, hindy's place kept going, even as per capita beer consumption plummeted, the brewery kept growing. >> i think it's the fundamental fact that people are drinking less beer, but they're drinking mor