>> reporter: now it was high time to pay a visit to the company. woman that took dov's place. bottom line, was there an underhanded plot to get charney out of here? >> no. i don't believe that at all. >> reporter: paula schneider, newly appointed ceo. her mission -- to restore the company to profitability, to save the workers' jobs, and to distance it as far as possible from its controversial founder. >> you know, i have great respect for what he built here, but there were challenges. in the last five years, the company has lost over $300 plus million. so you know, it wasn't a financially healthy company. and my goal is to take it, turn it around. >> reporter: what exactly was dov fired for? >> dov was fired for violating our sexual harassment and our anti-discrimination policy. he was also fired for misuse of corporate assets. >> reporter: he says, "all of the claims of sexual harassment are baseless." >> that's not what came out in the findings. >> reporter: but if these >> reporter: but if these cases were true, if what these women said happened

leadership has been at the company, the ceo at the company for over 40 years, the average tenure of top five or six executives is over 30 years and this is a leadership group that if they wanted to, they have all the information to act more aggressively but haven't done that. >> you shared this with trian. have you spoken directly to ed garden who is on the board of bank of new york? do they agree that company should replace its ceo? from a critical mass standpoint your position is obviously relatively small to the size of your fund, they're much bigger, the size of their position is bigger. >> yes. >> you two coming into agreement this could happen could force change faster than not? what's that story? >> we have shared our point of view with trian. and we've shared our point of view with a number of other large shareholders. i don't want to speak for ed but i think he's made some comments to the effect that he thinks expenses are a key focus of their investment and i think our view is, that meaningful change and meaningful progress is unlikely to occur without a meaningful change

>> well, suhe, the short answer is all of them. any company of significant size has meetings with the white house. the white house has any number of ceo panels on a regular basis and reach out to small businesses but 230 meetings is a lot of meetings and it really giveles you the impression that google and its staffers have sort of become part of the furniture over at the white house. whether that has helped them in the ftc case is going to be a big question here. >> do we know eamon, what the content of many of these meetings were? were they there expressly the lobby in the matter of these investigations? >> well what the white house said is no and it would have been improper for them to talk about an ongoing ftc investigation with google at the white house. what i think we're likely to find out is that google is there on a regular basis on a whole host of different issues almost everything crosses google's threshold these days including intelligence matters, but also things like girls who code and other programs that google is involved with

and yet, you have people comparing the company to apple. d analyst told me he thinks you are the next steve jobs. how do you reconcile that? nick: you don't. you just do the best you can. we are fortunate we have a long-term vision and go pro. it makes a ton of sense when we sit down with investors and they understand our vision. then it becomes a question of are we the ones to execute? are the we the ones to execute that vision you are more often than not, i believe we are. the stock will go up and come down, but as long as we execute that vision, we will be fine. cory: that was my partner emily chang and go pro ceo nick woods. we will be right back. ♪ cory: when the apple. start shipping april 24, -- when the apple watch start shipping april 24, the ruby focus on the business. my guests were a crucial part of the announcement. what do you see as the functionality in the watch that it was crucial beyond mortal -- beyond mobile? >> one is how quickly you can focus on various functionalities that are available on your watch at apps. i don't w

the company. blue coat has an enterprise security solutions. target apple, according to newly leaked documents from snowden a multiyear sustained effort to break apple security measures and gain access to iphones and ipads. these latest revelations are being published in the online publication "insert up -- "intercept." it tells the story of a security researcher who created a modified version of apple software development tool to hack surveillance backdoors. they also up really about tactics and bribes about their sheave men's and a secret gathering called the jamboree. the document stopped short of saying whether jamboree was a success and whether researchers were able to get into these devices. i am joined by matthew green and alan butler. when you look at this program, is this beyond targeting bad guys? is this going to the vacuum cleaner approach to everything? matthew green: i suddenly think this program is a huge invasion of privacy and security of american users of these devices. the compa

the health care provider. him him him or with your company. e only way to protect that information is to increase at -- to encrypt it. the information data level. the first benefit of the iwatch is the fact that most of us use a four-digit pin code to access our iphone. with the iwatch, you will be able to have multi-factor authentication. him him him in order to access any of the information generated either on your phone or your ipad or your watch, the physical presence of low watch combined with a catchphrase will be required to either -- cory: you can add to that the thumbprint or the fingerprint and that you have a third level. miller newton: most of us use single-facet authentication which is easily crackable. our company has a smart platform and we help companies around the world encrypt information through our smart encryption platform at the data level. so it is persistent encryption that follows information whether it is on a mobile phone or a wearable device or wherever it goes. cory: you've got to work with apple to make such things

is at the analysts that made the mistake or did the company that the wrong guy? ould company gave the wrong that it's because how could those analysts make the same error? erik: shame on everybody. >> they had numbers that were all over the place. erik: thank you so much, scarlet fu. stephanie: math is hard. online matchmaking. we will meet the man who got it down to a science. the founder of eharmony. ♪ stephanie: welcome back to market makers. love knows no bounds, especially geographic ones. the harmony is making sure of that. the online global dating site plans on adding four new sites to its portfolio every year. will international expansion help tight the heartstrings of the lovelorn? you know him from the commercials he is the founder and ceo of eharmony and he joins us now from los angeles. neil, you are responsible for how many marriages? >> we think it is well over one million. the on that, we have about one million couples who live together and are not married yet. altogether, that would come to 4 million people and we are proud of that. our divorce rat

how is the company managing to succeed there. part of the secret is because the fact that so much of the merchandise is private label and exclusive. you can only buy it there. you can't get the stuff from amazon. that's why this company only has 25%. it's apporiatary. it's compete with amazon online and they rarely ever win. william-sonoma found a way to out compete amazon while increasing the pricing power. they are the envy of everyone. they're 1200 basis points higher than the retail store side of things. they have become more profitable. gross margins expand. it's logged you in from the port slow down and gets poured out. selling consumers the things they want. in short i think people have this quarter all wrong. aside from the west coast port show down the quarter was fabulous. companies showing a rare mastery that makes this the one retailer that you can't sell. the fact that it was trading below where it was icing on the cake. let me give you my bottom line. in my view it's a steal at these levels. you can't let a problem f

another way to look at the rate 2 hundred companies or the top 10 are and i would think that an engagement would target certain companies differently and rating them sort of a the versus out of the at least of the 2 hundred will help to focus our campaign and make that more effective. >> we spoke about that prior to be able to analyze the most egregious of the fossil file impact would be great we can't do that with we look at advocacy but if we have you analysis that and came back to us and of those areas who is the most e entrenches that will be more effective. >> we'll need some guidance who is the worst offender the person that has the most carbon in the ground with no plans to use it or those who are using it without abandonment but not in the top 10 holdings we'll work through the committee or the board directly to define our goals in trying to define or to target specifically the worst offenders among the group out of the 2 hundred i forgot how many companies we currently hold let's see here - . >> jay with the entities 19. >> 69 out of 2 hundred and general

earnings jumped nearly 50% in the january quarter. . company toned down its earnings and revenue outlook for the full year. shares ended at $58.59. >>> a mall operator saying the bid $14 billion substantially undervalues the company. an investor can't buy more hand 10% of the company. shares of both of those mall operators closed a little bit lower today. >>> coming up the future of franchises. are they small businesses or are they part of a larger company? the issue is a legal one and it's coming to a head in seattle. >>> here's a look at what to watch tomorrow. the federal reserve issues its policy statement. chair janet yellen holds a press conference. >>> fedex often viewed as a brock tore of the economy has earnings after the bell. >>> the unemployment rate in 24 states fell in january according to the labor department. north dakota had the nation's lowest jobless rate. 2.8%. a sign that layoffs in the energy sector are yet to have a major impact there. rates rose in just eight states with mississippi nevada recording the highest level of

the workforce in many tech company is straight, white dudes. w the aol and advertising bureau art teaming up to bring more diversity to digital to go to, media, and advertising. a new nonprofit called the i-80 education foundation designed to recruit and foster more diverse talent. aol ceo tim armstrong and randall rothenberg stop by as part of the national listening tour. take a listen. >> the technology, media, marketing industry require a better and higher performing workforce. in order to get that continuously improving workforce, we have to be more open to the diverse constituencies that make up our marketplace. our audiences in the united states and abroad. you have to represent the people you work for. we don't. if we are going to have a better workforce we have to be open to , higher degrees of diversity, ethnic diversity, and also economic advantage and is -- disadvantage diversity. cory: you want to provide opportunities for people obviously hiring his heart, -- is hard you want to expand your talent pool, but there is the issue of how

road when the companytions that could become relevant. >> and they're still only the third largest food company. there's two heavy ones. do they want to buy anything? >> at this point that seems unlikely. >> alexia? >> i think if you see what 3g has managed to achieve over the years or people going to 3g with the alcohol and beverage industry as a rollout, i think this begs the question particularly because it's a company that does weigh into question where might they go next. i think it interesting that kraft is a company, there's no family involvement. there's no foundation with it. so i think the door is kind of wide open. but probably not going to risk making another move immediately. but the flexibility to have the further moves down road. and i would expect that over the next several years. >> alexia, can we go back to this point. the consumer trends have been difficult. and jim cramer talked about that. all of questions about whether there's real cheese in cheese rolls and that's been a big operator

we have changed the company when we need to. have had the courage to make all the right moves and we have delivered. our performance has been fairly consistent over the years. it is this combination that has really yielded great returns for all shareholders. >> i remember when i first got in contact with you, it was because i had thrown a swim party. they didn't want frito-lay. jim, get the times. we're a lot more than frito-lay. >> there's an amazing portfolio of products. lays and ruffles and doritos and cheetos. the benefit products are diet pepsi and mountain dew and quaker oats and juice. quaker and regional breakfasts. we have developed a portfolio of good for your products. i think pepsico is a very well articulated portfolio where a significant revenue comes from our good for you products. there's something for you. you can actually enjoy our entire portfolio from the breakfast to the close of day. >> do you think a white ceo who is based in america would know about the changes you saw and be able to see them himself? >>

, as opposed to the biggest semiconductor company on earth. there was no pin action whatsoever. none! i was flabbergasted. in fact, the market enjoyed a decent rally that very day pretty much ignoring intel, intel! entirely. at the time, i figured, okay so maybe intel, by virtue of its lack of inclusion was merely a victim of the secular kind of pc market. but even if that's the only reason for intel's weakness it means there are a whole host of companies that aren't doing nearly as well as we thought going into 2013. sure enough one by one, they're getting hammered! including stocks that have been major market leaders. consider that micron another semi-conductor maker that's tied to the personal computer is now down 20% for the year. my micron has been a hugely important stock for this market. it was a gigantic home run. micron roared from five bucks, five bucks, in november of 2012 all the way to 36 this past december before collapsing this year. c-gate and western digital are now down 19 and 13% respectively. wow! everything pc-oriented is

levi tells me the growth rate is slowing because box is a bigger, more mature company. rges investors to concentrate on other metrics such as the growing number of box clients signing $100,000 contracts. box down hard today, still up about 25% since the ipo. the company is moving past just on-line storage where it has to compete with tech giants like microsoft and google. instead, the company is concentrating on offering products tailored for specific industries such as health care. when i asked levi about whether box could get back to growing at a 50s% clip he sounded a note of optimism saying there are a lot of tailwinds in this business. back to you. >> interesting story, for the first one. thanks a lot. let's talk about this. i mean, not the way you want to come out gate? >> rough break on the math certainly. 28 million share count the street using, when they should have been using 20 million apparently. it's the 30% revenue growth rate the more interesting thing here. there could be a siller lightning here. we don't understand how marketing spend fuels revenue. it c

what is the company's main business line? rdan: the main business line is the antivirus software that you will see on the shelf with best buy. if the big driver of revenue in the u.s. for them. it's really important that people buy it. the reports are basically pr for the company. it serves two purposes. one of the reasons we decided to do the study was because they came out with this report not so long ago about a hacking group called the equation group, essentially believed to be the nsa, really high-level sophisticated spying in other places where kaspersky is that the u.s. isn't. one of the reasons they're able to put out such reports is they are places where u.s. companies are not, but also there's a tendency at the company to focus on those threats at the expense of russian based hacking attacks that u.s. companies like to focus on. as one analyst said, there's a cyber isolationism occurring within the industry but if you are a us-based company with ties to the nsa, you're going to report on chinese base tax. if you are

brian: what is the advantage of the company? dr. gh-berman: it is that they get to choose which of the serious adverse effects that they showcase and the ad and sometimes they might leave out some of the serious adverse effects that they don't really want to put in there. in the ad you have to refer the viewer whether it is a print ad or tv ad, to another source. sometimes you might see an ad that says for more information see our print ad in some magazine and probably nobody is going to look that up. but you have to refer the viewer to a website or to another source that has more complete information. brian: i have looked close up and i have seen as much as three pages devoted to the side effects. who requires that? dr. fugh-berman: the fda. brian: what role did congress play in this? we were involved? did you just -- were you involved? did you testify? this was since the 90's? dr. fugh-berman: 1997. directed consumer advertising was allowed before that but you would have to read the entire product label and nobody was going to do t

the infrastructure industry, the companies like myself but i am not included in that the top largest companies have $260 billion. it just doesn't make sense. they want people that make money are the good guy and the people investing and borrowing are the bad guys in the business. >> host: from an an isp point of view video provider point of view and a consumer point of view should consumers be able to opt out of bundles and be able to to go oligarch? >> guest: if they program does that yes but unfortunately the contractual agreements that i have i am not allowed to permit my customers and peter i have been talking about this for 15 years, when you bundle with espn and viacom come i don't think it's right. i've been speaking about this for years. once again let me go back to this major act passed in 1992 where the government came in and said more competition lead to lower prices. i just just mentioned you $75 the last time i checked his more than 25. our prices have tripled largely because their programming costs went from $40 to $45 of the programming costs per month goes from $4 to

look at the companies we have to worry about. is boeing doing as well as it should and honeywell with the cockpits. can we get a sense of alcoa is doing, right about to report the quarter because it's about to start the month of april. don't forget why this is so important. the transports have been punk lately. whether it's because of the number cuts in the railroads or reduced because of lower coal shipments or worries in decline in passenger seat models the transports failed to confirm last week's rally in the s&p 500 and that was an excellent tipoff that you were getting greedy if you hadn't taken anything off the table ahead of the declines hence why we ran the clip of wall street michael douglas at the start of last friday's show next tuesday we get results from fresh pet. that's the natural and organic food company for your pets. the other day on twitter someone said enough already about natural and organic. i wanted to tell them to stuff it but instead i pointed out, two of the greatest stories of our era then i blocked the

i mean growth is part of the value equation. a company that grows and uses little capital in doing, high returns on incremental capital is worth more money than one that doesn't grow. >> buffett also touched on an issue his shareholders care deeply about. the vice chairman hinted over the weekend that the next ceo could be one of two men within the organization. >> it's a horse race. that story comes from charlie saying that those two are world class, which they absolutely are. in fact he said describing them as world class was probably an underestimate. i would totally agree with that. either one of those men could run just about any company you could name. wouldn't just be berkshire. they are incredible managers and we're lucky to have them. >> with us now is someone who's covered warren buffet for many years, from "fortune," and of course very familiar face to all of us, welcome back. suzy great to see you. >> i missed you guys. and all of our viewers. >> my two favorite sues right >> so talk to us about the sung success issue. the lan

it took out the entire company. s of products, if this is really a toxic issue and there's ways of looking at it, the whitney tilson way of looking at it and the way other shorts look at it and say it's not so bad, if it's closer to whitney's analysis than the other guys and the company's analysis, this could have a major impact on the company. this sort of stuff has the potential for killing this company. liz: they need independent testing here. charlie: they will. and there will be investigations. for the average investor, this is like stay away. by the way, we did very well in earlier the nelson story. trion asset management. >> they're supporting the currency eo. unlike marcato. they are -- they want the ouster of gerard. nelson is on the board. he's been working with the company. he wants a constructive engagement. if you look at it, shares -- shot up a little bit. >> yeah, they did. but that's a one-month picture. if we had an intraday you would see that we have jumped from the opening low of 39.98 to 40.30 tod

the research. i basically am look at you are your company as the health company of the future. i'm looking at you as the credit card company of the future. there are great growth areas you are in charge of now, tim. >> caller: it's really incredible. in the first 24 hours of research, we have had 11,000 people sign up for a study in cardiovascular through stanford university's app. to put it in perspective, stanford told us it would have taken normally 50 medical centers a year to sign up that many participants. research kit is an absolute game changer. >> i think this is the most -- people who don't understand why you absolutely have to have this device which is why i can't wait until it comes out i'm focused on the fact that you are your product for retail with apple pay is the best. i have to believe given the banks, visa master card it's realistic to believe the customers will demand it from every major retailer in the world. do you think i'm right? >> totally. you said last year when it first came out it would take the country by storm. we have already 700,000 location s a

the reports are pr for the company. it serves two purposes. e of the reasons we decided to the story was the lab came out with this report about a hacking group called the equation group. believed to be the nsa. high level sophisticated spying on pakistan, russia, iran and other places. one of the reasons they are able to put out such reports as they are places where u.s. companies are not but there is a tendency at the company to focus on those threats at the expense of russian based hacking attacks u.s. companies to focus on. there is a cyber isolationism occurring within the industry. if you are a russian based company, you will focus on us-based tax. -- based hacks. cory: a fascinating story and fascinating business and we will have more soon. thank you for coming on the show. the ceo will be on in the next block. stay with us on "bloomberg west ." ♪ cory: this is "bloomberg west." eugene kaspersky -- his computer was infected by a virus. some former kgb officer decided to launch what would become the most profitable security company is. it

tim: lots of fans of the company. it is a different place than it was just a year ago. rofit, day after the watch details emerge, a lot of investor optimism and a lot of consumer optimism. cory: we will talk about what we were doing it 18 when the cameras are off. you can get the lotus headlines all the time -- the latest headlines on bloomberg.com. ♪

the parts companies are better than the actual auto companies. how about betsy in new york? petty. . >> caller: yes? >> hi. you're on. >> caller: this is betsy from quog. >> get out. did you go to the library book sign. >> caller: no, i didn't. i'm sorry. i didn't know it was happening. >> okay, all right. >> caller: i'm interested in nat, north american tankers. it's been going up, up, up, except for today. other pundits say sell sell, sell. and boy, buy more sell or hold. >> you've got a gun to my head. all i keep thinking is i'll see you on the beach. nor dick america has has been a real bad stock. they do have the possibility of an increased dividend this year. there was insider buy, a large amount of insider buying this week. so i'm going to tell you now that the quag food market is closed i won't bump into you there. but i'm going to tell you i think it's worth a speculative bet. but i'm not making an investment call there, speculative bet. sal in new york, sal. reerl . >> caller: thanks for taking my call. congratulations on your ten-year anniversary. jim, i have been

remember, this is the company i believe coca-cola needs to buy the entire company in order to reigniteowth. and it's a terrific play on cheap gasoline as it sells a ton of merchandise at gas stations and convenience stores and generates a huge amount of cash. in 2006 the best performer was intercontinental exchange, i.c.e., up 196.8% which at the time was a commodities trading power house. even doing some real damage, this stock has rallied another 112%. these days i.c.e. is a power house from the stock exchange world taking by storm in 2013 and taking a lot of costs out there. that also means a lot of jobs which i'm not happy about. this company's a classic consolidator that i think can go much higher as i believe we're headed for a world where there are a handful of exchanges and far more lucrative than they are now. in 2007 the best performer was first solar. the revolutionary solar power company that rallied 795%. low-cost producer at that point. now, first solar's a bit of an exception to this piece, it has become a real dog. even though it's a best of breed company that's rebound

his original idea for the company was all off. ed pixar's technology to be the basis of its own computer and to go along with next hardware he was developing at next. eventually, he became the negotiator and outside man for the company. those were critical roles. he was also -- he financed the company for a while. steve's main contribution, i think, to pixar was as this negotiator and outside man. he got them a deal with disney that led to "toy story." he renegotiated that deal so they could have -- they were set up for several more pictures. they were all could financed -- co-financed. he is responsible for taking the company public and eventually finding a safe haven with disney. the disney deal, you can look at it as him sort of putting lassiter and camel under the wing of another guy who is really good at outside stuff bob iger. cory: understatement of the show on that one. i want to thank you for coming on the show and for your great book. thank you so much. "bloomberg west" will be right back. ♪ cory: next, smooth sailing at

the u.s. it's exxon, chevron, conoco objection dental oil. and avoid production companies or independent refiners but that would be the way to avoid. and avoid the drillers absolutely because that's an area that the majors are cutting back on. they're reducing capital expenditure. >> john thank you so much. john stevenson with stevenson and company, capital management. ty? >>> saw shares fall hard today. whiting petroleum announced major equity offering selling debt raising concerns about the oil and gas to find a buyer for the company. whiting buys with others that have shares up to the balance sheets. whiting petroleum is the largest producer in the bach and shale region and shares fell almost 19% today. >>> and now to a blue chip company, american express, which is looking a little black and blue these days. the payments giant lost some key business recently prompting some to ask if the company has lost its way. and that is the question ceo kenshin nolt will likely have to answer. mary thompson looks at what's ailing american express. >> reporter: its cards, a fixture i

they were willing and interested in supporting the company is a private company. took that money on to allow us to continue to invest and grow, invest in the business model and build up box without going public. emily: how much have you wondered did we make a mistake and file too soon? aaron: it is obvious that we should not have filed. we dealt with a lot of distraction because of the filing. whether that was a lot of news reports that happened around the business, obviously we did bring on because of the filing. that was absolutely a distraction to what our core focus is and has been. which is execution and building up the business. but you know, life is certainly too short to have regrets. we have remained in and continue to be an execution. emily: i'm curious. it was called a house of horrors. aaron: that is an extreme phrase. we're competing against the biggest companies on the planet. in the technology industry. to do that, you have to make a pretty significant investment. in our case, that is an investment in research and development, infrastructure, sales

if the company's not doing anything to make itself better. e trap or one time only gain really powered the stock up. but, no, if the company's always running and running scared. on reinvents reinventsing itself, to grow, return capital to its shareholders. no, you haven't missed if we're talking about honeywell. last night i talked about kplept execution at the top of a company. earlier in the week honeywell ceo davecody showed me the latest innovations and i was reminded how this company always seemed expensive versus the other conglomerates in its cohort. you're only looking at a snapshot in time of a company that is always on the go. always i provemproving. if you don't know honeywell, has a ton of divisions aerospace, chemicals that turn dirty heavy crude into oil. other companies that look like honeywell, meaning their conglomerates and breaking up these days shrinking to grow, my partner, david faber likes to joke. that won't work with honeywell. why? because each division cribs from the technology including the software from the others.

the stock is down way too much. it's a high quality company. the quarter will be ugly. it's a high quality company. cynthia in massachusetts. >> caller: hi jim. i was wondering about himax. >> you have to be in a skyworks. be in the highest quality when you have these sell-offs. that's where you are going. skyworks. let's go to texas for morrow. [ beat boxing ] >> caller: boo-yah! first time caller, mr. kram arer. what do you think about sysco technology snm technology? >> i like sysco. i was telling jack warner of my charity trust if it goes down more guess what? buy more for the trust. i like it here. let's go to brian in california. >> caller: hey mr. jim cramer brian from monterrey, california. >> okay. >> caller: this inno va tif company has seen tremendous growth but after a 40% gain i have taken my initial investment off the table. i'm worried about long term barriers to entries with grub hub. >> you should worry. this is something my family loves. i think up here you think the world of grub hub the product, not the stock. you're making a wise move. twyla in kentu

in part because the company has been slow to build suvs. >> yes. we did procrastinate and wait too long. of course near small end, we have to close a factory so we were reticent and now going into the offensive in the states. >> reporter: bmw starts building a new suv with more to follow. meanwhile, its biggest luxury brand, audi is cashing in on america's growing demand for high end cars. >> audi's got a tremendous amount and they're expanding their portfolio, but it really comes down to capacity and their capacity doesn't really expand until 2017 when they open up next facility. >> reporter: if volkswagen is able to reach its potential in the united states it could be poised for an extended run as the world's largest auto maker, a title it could capture for the first time in 2015. philip lebeau "nightly business report," berlin germany. >>> coming up the big push by private companies to one day make big money exploring the final fr. >>> two landmark lawsuits against ride sharing compa uber and lift will go to a jury. that was the decision of two j

the house had been knocked off its foundation. his insurance companyflood-- sent an engineer to inspect the damage. three weeks later, the kaibles couldn't have been more surprised. >> kaible: i get the engineering report that there's no structural damage to the house. so i'm going like, "what do you mean there's no structural damage? the house is not what it was before." so between my wife and myself we made about 30 to 40 phone calls to different people-- the adjuster, the engineering firm to our flood insurance carrier. >> alfonsi: what are you trying to get from them? >> kaible: just that this report is wrong. we'd like to get another engineer back. >> alfonsi: the insurance company agreed to send someone back out to the house. surprisingly, it was the same engineer, george hernemar, who worked for a company called u.s. forensic. >> kaible: i said, "george, how could you write a report like that?" he goes, "it's not my report." i said, "what-what do you mean it's not your report?" he says, "wait here." he goes to the trunk of his car, goes, picks u

all the old line fast food companies that are losing out to the new fresher food companies that are outquick service. >> diet drinks probably aren't great and the carbonation isn't great but one thick i do know is i don't drink full on -- nobody drinks full on soda. >> with sugar in it. >> it's empty calories. >> sugar is the new salt. >> what i can do with that 120 calories. >> exactly. >> sugar is the new salt. it is. people talk about it now like -- it's like salt people. you actually need more salt and sometimes people with less salt had a higher mortality rate. >> did you see the article in the wall street journal. there should be more autopsies in the world. we hardly do more autopsies. medicare doesn't pay for them. there's so many more tests before you die they think they know why you decide. there used to be laws in the 70s that said -- >> you do an autopsy. i'm not doing an autopsy. >> listen to this though hiv killed people as early as the 1950s because they retroactively autopsied old issue. >> we didn't find it until the 80s. >> we hadn't identified the virus. >> but that's

the company is preparing to split itself. at one unit will be focusing on personal computers and printers. the medical device maker is buying that meteorologist portfolio. the price is $1.6 billion. they are still considering alternatives for an amf women's health unit. citigroup has officially one the battle. the largest warehouse club chain in the united states says the city will become the exclusive ashur of cosco's credit card program. there is a 16 year relationship. in samsung is taking aim another run at trying 2-d thrown -- trying to the throne the iphone. they showed off the new edge models at the global conference in spain. the edge has a screen that extends to the left and right side of the phone. both phones have software that makes them compatible with all card readers. samsung is trying to reverse profit declines in market share losses to apple. and john boehner says it is not easy leading republicans. on friday he suffered a humiliating defeat. congress eventually averted a partial's -- partial shutdown of the a

you he know you should never start in the united states is a new car company and the otherind of company you knew you would never start would be a new rocket ship company. and he's just getting started, he's in his mid 40's, he's got another -- who knows. here on earth he has another 30 years. >> peter tiel -- right. [applause] >> if peter tiel can discover the cure for immortality, he will. >> he's working on it. >> on twitter you recently said, not surprisingly, your startup is not the next what's up but you write back to people, someone said what is the next big thing and you said something new. >> something new. >> what is something new? >> so we're trying our best to find it. but the big thing is just there is no net -- peter tiel talked about it and the point he makes i agree with is there never is one. there will never be another microsoft. there was only one. there will never be another google. there was just the one. same thing, people look to what's happening and founders are building the next what's app. but there will be new things. when do we know about the new

i focus on companies, and the flaw of investing last year in europe was that companies were not really generating good earnings growth. and that has started to change and the big change was that the euro peak last may, and there tends to be about a six to nine-month lag between when there's a big change in the currency and when the earnings start to kick in. this year unlike last year the earnings started to accelerate. that's been the key problem for europe. yes, you have good european central bank policy but without earnings growth you can't kick start the stock market. i think that's the change this year versus last year. >> don, one of the things that the market's watching for very carefully is the next fomc meeting, whether or not as it was said in the report whether they take the word patient out and whether they move unon interest rates. you maintain even if they raise rates, that's not necessarily a tightening. >> it's tightening when they try to restrain the economy. when they set interest rates or policies in such a manner that will pull money out of the economy, and therefor

they get paid more if the company is bigger? e is a relation between the bigger the assets and the congo ability in pay. -- the comparability in pay. julie: and the stock start to bid -- and the irony is that the stock start to do better when they split it up. not the parent companies, but the spun off entities. this chart does not make it entirely clear, but over one year we do not see that big a difference in performance. over the longer term, the spinoffs do tend to perform better. joe: and how much is the role of activists in this? that is something we've seen in the last few years. is that a big factor? jp: it certainly is. and there's often and if it does to change a firm in that direction. if the shareholders are doing well, the may not feel a burning need to shake up what is going on. but this is a tangible way that activist shareholders can get involved and see immediate returns. and is easy to measure if the firm did was they were asking them to do or not. that can tend to lead to a short-term focus by the activist inve

the organization is unique in the fact that it's a publicly traded company. ders have been a little bit combative in the last year. i'm wondering from the performer's perspective, from the wrestler's perspective, what pressure if any you feel to work for a publicly traded company and what you need to deliver in terms of ratings, marketing and the like. >> well, when we call these guys wwe super stars, they are super stars in and out of the ring. i mean, beer drinkers and cigar smokers at ring side, those days are over. when you look at our crowd now, it's families, a lot of young kids, parents, grandparents, the father, the son and the grand kid. they all have something in common. they know the wwe and they know hulk hogan. i mean, it's really a chance for these guys to showcase their talents. like john cena, he sees more make a wish children than anybody. we all interact with reading programs, the hospitals, the armed forces. so, you know, we cover all bases because these guys are super stars in and out of the ring. >> hulk, you've had a brand that survived a