founded ater thiel company called palantir.ke to him about whether it could stop the next 9/11. >> do you think palantir could stop the next 9/11 or has it already? >> something like palantir is the key. i don't think we are going to do a by projecting military force throughout the world. i think we will do it by cleverly uncovering these conspiracies before they come together. >> some have expressed concern that your client could use palantir to do evil things. do you worry about that? >> there is always a two edged part to these technologies. technologies are never intrinsically good. there's always the question of how they could be used and abused all stop i think there are a lot of checks in place. >> someone described it plugging into the matrix. >> one government agency that gave us a bunch of data -- during the trial, we discovered a terrorist plot they had not suspected and had to reclassify a lot of data. >> would you say palantir has helped to fort harris plotz? >> i suspect that is true. >> he talks about it in his b

peter thiel said invest what you know. that makes sense for football season. david: jared, fed x, i love the company, it is very pricey now, is it not. >> it is pricey, david, but when you think about it, what was the biggest ipo ever that we've seen? alibaba. what do they do? they ship goods via internet. they're about e-commerce that. is the bulk of their business. amazon, ebay, other online retailers they have a very big showing according to experts this holiday season. i believe that will translate into fedex numbers. we've seen a big rally with fedex. i think they go way higher, 175, to 108 going into the holiday season. think they're still a buy, david. liz: dan, when i look at green on the screen, much of it in etfs where you get baskets of stocks, xly, industrials, xly, select spdr consumer discretionary, semiconductors look very good today. is there something that looks worrisome to you? can we at least go there if. >> i'm trying to find something that does look worrisome. i'm not concerned long run. as mark said earlier this is long-term thing. we're

we had comments from peter thiele this morning. if i had a dollar i'd rather put it in google than apple. do you share that view? >> we own both stocks. i think an underappreciated element with the return story with apple going forward, mo fo more years going forward is return of cash. over the last year i think they have bought back i think about 40 billion in stock. google has a different path. as a shareholder -- we've own apple nine years continuously. >> not a bad time to own it. >> i think so. it's our third largest holding. >> when you look forward to alibaba. are you going to be selling other things to buy into that eventually? do you hear about others doing that? alibaba coming is getting blamed for all sorts of things this week. >> we have heard about that. typically what we do with these popular ipos. we wait a long time. sometimes we'll wait years to get it at our price. and if alibaba is true great growth story for the next 10, 15 years we have plenty of time to get into. >> you use google as example of that. how late

peter thiel sthinks so.re going to get in on the action next ad that can read your handwriting, a wide-screen multimedia center, and a head-up display for enhanced driver focus. all inside a newly redesigned cabin of unrivaled style and comfort. ♪ the all-new c-class. at the very touch point of performance and innovation. ♪ . >>> the count down to the fed statement is on. we are getting that later this afternoon. stocks, still trying to figure which way way want to go ahead of that. but fractional moves across the board as we wait for the big moment from janet yellen later this orphafternoon. and then the news conference. we're looking forward to that later this afternoon. let's go under the radar now with three things the trarders are watching. >> i've got my eye on the refiners. thr in a down trend and has a lot to do with the price of oil going down. keep your eye on the crack spread. the margin on refining and they seem to be moving higher. we're going to be looking at that other the next few weeks. >> j

billionaire entrepreneur peter thiel thinks so.pal co-founder says unless you go to a top school, your degree is a dunce cap in disguise. >> when we have a trillion dollars of student debt that's been amassed in this country, you have to ask what that's paid for. and one of the things that's paid for is a trillion dollars worth of lies that are told about how great the education that people have gotten. >> thiel has a foundation that pays really smart college students to drop out of school and start companies. of course, not everyone can be the next mark zuckerberg. that's why former harvard president larry summers calls thiel's program, quote, the single-most misdirected bit of philanthropy in this decade, end quote. but a four-year degree may not be right for everyone. some two-year degrees offer real value. pay scale says students who graduated from these two-year programs earn around $70,000 a year by midcareer. these are two-year programs. and then there are these mooks, massive open online courses. they're expanding access to

>> rose: feherty, thiel, and greenway when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> believe i>> i had a flicker y about john daly and an innocent beer can. oh, my. >> it's only going to hurt for a minute. hurry up. ready? >> uh-huh. >> ta-da! >> rose: david feherty is here. he's a former professional golfer. he is now an analyst for cbs sports and the golf channel. he is the host of the golf channel's highly rated weekly program "feherty." he will be in orlando to call the 40th ryder cup where the united states faces off against europe. it will be played in scotland. the u.s. hopes to bounce back from a heartbreaking defeat two years ago. i'm very happy to have david feherty back at this table. >> thank you, charlie, it's nice to be back. >> rose: just tell us. magic of the ryder cup? >> there's nothing like the ryder cup. i only played in one, 1991, the war of the shore. it might have been the first one that captured the attention of the american public. it was ri

cofounderf paypal, peter thiel is out with a new book called "zero to one." in an upcoming episode of studio talk to himown to about why he thinks a pile -- paypal was ultimately a failure to why bitcoin will not survive either. not one of those four. i think that there is something that is quite extreme about the personality is that build startup questions. >> so building a bomb is a good thing. >> it is not a good thing. having some extreme personalities, i think, is a good thing. >> as successful as paypal was, membersssful as so many of the paypal mafia have been, you yourself think that paypal was a failure. why? >> it was a failure in that we did not achieve our vision of a completely new currency system for the world. >> what about bitcoin? doesn't that get closer to what you imagine? >> i am probably psychologically biased against it. if we could not succeed at a bell, i am probably tempted to think of reasons no one can succeed. -- if we could not succeed at paypal. i think it is probably too cumbersome. >> should paypal be spun off? >> are our syner

he is part of the thiel foundation.ives away between 13 and $15 million a year in projects that he actually doesn't think can get funded any other way. that is to say, biomaterials, modern metal. makes leather without any animals at all. he has a lot of different pet projects we'll speak with him b. shannon: a lot of ground to cover. a lot to bring up b what are you most excited to bring up with him? >> one thing we noted of his experience as cofounder of paypal, and he made this very public, he said paypal almost didn't get off the ground because there was $20 million stolen in credit card fraud. he went on the offensive and they built this best of man and machine if you like as far as technology is considered to detect credit card fraud. he since founded palanteer. it is half nsa, half cia. this company is worth $9 billion. that is another one he founded. we'll ask him about all the issues of privacy and security we face as consumers in our daily lives and ratcheted up at higher level with government. one p.m. eastern

in the book, peter thiel outlines a new way of thinking.at down with him to talk about everything from why he thinks paypal was a failure to why bitcoin won't succeed. take a listen. >> the first line of chapter 14 -- of the six people who built paypal, for build bombs in high school. -- four had built bombs in high school. >> i was not one of those four, but there is something about starting the company. having some extreme personalities is a somewhat good thing. >> as successful as paypal was and as successful as so many members of the paypal mafia have income you have said you think paypal was a failure. why? >> it was a failure in that we did not achieve our original failure of a completely new currency system for the world. >> what about bitcoin? >> i am probably psychologically biased against it. i would be tempted to come up with reasons why nobody would succeed at it at this point. >> but you think chances of it succeeding are unlikely? >> my sense is it is still slightly too cumbersome to work at the end of the day is a new payment

thiel and it is rather unfair. if you look across both pan europe and continental europe, of course, there are pockets and that's talked about a lot that we need structural reform. but to suggest that you'll europeans are lazy i think is wrong and there's been enough significant tech innovation coming out of london in recent years to discount his argument. >> and we did speak to that venture capitalist last week who told us about the booming scene in london. but interesting enough, peter thiel, he was positive on london. he did call london the most logical place to build technology business necessary europe. so slightly more positive on london. bearish on europe. at least the tech scenes at this moment. but you have to leave it to him. he's always very forthright. >> he's certainly forthright. but i think as a big investor, particularly in silicone valley, i think he's probably trying to fork up his area of expertise a little bit more than european tech stocks. >> absolutely. on that note, let's take a look at u.s.

. >> peter thiel is here, one of the most successful technological entrepreneurs. he cofounded paypal. he was the first outside investors in facebook and invests in tech companies. his venture capital firm, computer science that he taught at stanford. a student named blake masters posted his notes on his blog making his lectures an online sensation. he headed out to write a book which grows out of the class called "zero to one - notes on startups, or how to build the future." i am pleased to have peter thiel back at this table. let me read over what one person said. it is roger. what do you think about it? >> it is incredibly flattering. i am most embarrassed when i hear something like that. my goal is just to get people -- when you start a company, great companies do things that are unique. they answer a question. what a great business is no one building? what truth do you believe that no one agrees with you on? part of what i try to do with the class in stanford and the book is to encourage people to think creatively and outside of the box. that is the next gener

peter thiel's new book. >> "squawk on the street" is next. >>> good wednesday morning.k on the street." i'm carl quintanilla at the new york stock exchange. we have got it all this morning. a falling cpi earnings from economic bell weathers. activism at dell components. and hours away from fed's statement and press conference later this afternoon. our road map is going to go like this. investor nelson peltz calling for dupont to break itself up. >> the markets looking ahead to the fed

venture capital incompetence peter thiel said twitter should be make -- venture captainist peter thiel said twitter should be making more money. he brushed them off working through doritos. >>> 4:41. one company hopes to put an end to distracted driving. the radar gun that can tell if you are texting and driving. >> and what's cool about your school? email your nominations to us at coolschools@kpix.com. we may come and feature your school on the show. colin kaepernick plans to al an 11-thousand fine, leviedy ,,,,,, i'm a doctor of internal medicine with something terrible to admit. i treated thousands of patients, risked their lives, while high on prescription drugs. i was an addict. i'm recovered now, but an estimated 500,000 medical professionals are still out there, abusing drugs or alcohol. police, airline pilots, bus drivers... they're randomly tested for drugs and alcohol... but not us doctors. you can change that: vote yes on proposition 46. your lives are in our hands. the n-f-l. a referee says kaepernick used inappropria language to chicago's lamaar >>> san francisco 49ers qua

. >> 20-year-old zach thiele, who is charged with assault to which he has pled not guilty, is one of >> i was sitting in the shower. had my back faced like the other showers. all of a sudden i felt something hit my back. i turned around and there's a huge thing of soap. and i was like, what the heck? two seconds later, see his hand come around the shower, threw a bunch of soap at me. at first i was kind of confused. i was like did that really just happen? i didn't know what to do. then i was like, dude, what the heck's going on? he's like, it's not gay, it's just jailing. >> i had said, hey, if we all share a shower, we'll save water. it's just jailing. and that was what it was. and he wrote a kite saying i made him feel uncomfortable. and i was so angry because they were joking before i got up there, him and another inmate, about oops, he dropped the soap and all that, before i even got up there. it's just the horseplay that goes on when you're in an all-male facility in an area like that. >> the second time he came over, he's like, hey, we're in the shower together again, all this.

>> interesting decision. >> drawing you 20% aer i don't. >> more from thiel.got into trash talk about twitter and how the company is run. take a listen. >> i -- twitter's hard to evaluate. they have a lot of potential. it's horribly mismanaged company. the people -- probably a lot of pot smoking probably going on there. >> wow. what do you really think? >> but it's such a solid franchise maybe it works even with all that. >> ceo of twitter, dick costolo, did reply to the allegations on twitter, of course, by saying "working my way through a giant bag of doritos, catch one you later." >> what does that mean, mel? [ laughter ] i'm just trying to understand. i don't get what that means. >> if i understand it, when one is high hurricane you get the munchies, therefore, he is working his way through a giant -- >> is that true, brian? >> tim, you -- >> purez the driven snow, my friend. >> as am i. here asking questions. >> good questions. first of all, you are the one in the rock 'n' roll band. i read all the books, pal, i know what goes on backstage. >> thank you.

peter thiel is an icon after investing in facebook, linked in and tesla. he is sharing his insight on innovation and entrepreneurism in a ground breaking book called 0-1. >> thanks for having me on the show. >> you argue that right now we are in a time of technology stagnati stagnation. >> that is continuing to accelerate over the last 40 years. outside of that there has been a lot less progress in the world of atoms. energy, transportation, biomedical, biotech. these areas have seen much in the last 40 years. much broader progress across the board. >> is that a role for the government or something that comes from the ground up. >> i'm biased to thinking it's more from the ground up. we need to, it often gets driven by charismatic founders who are able to motivate small teams of people, get some investors and hit the ground running with various ventures of this sort. >> you have come up with controversial ideas. you also make a case for monopolies. you say competition destroys profits and hurts companies and societies as a whole. justify that. >> it's pret

. >>> peter thiel giving us his take on china.uld you think twice before money is put there to work in that economic powerhouse. >>> high at work. >> it ain't always good to get high before you have important things to do. >> more people are smoking pot before heading to the office. what can employers do to keep their staff from being stoned at work? the second how were of "squawk box" begins right now. >>> good morning. welcome to a baked version of "squawk box" this morning here on cnbc. i'm andrew ross sorkin along with joe kernen and becky quick. that's not true. on a day that we're talking about new stats on the number of americans going to work high, though, it is only fitting that we discuss junk food. here's the skinny. pizza hut now testing a 30% lower calorie pie. we're going to have the details on how they do it a little bit later. >> i'm suspect. >> that it's doable? >> low fat cheese? thinner bread. >> less bread. less carbs, maybe. could be gluten. >> i eat pizza for a reason. >> to get fat? >> because it makes me fa

. >> peter thiel went onto say twitter should be making more money. most twitter execs seem to blow him off. the ceo tweeted he was working his way through a giant bag of doritos. >>> this time tomorrow, we will know if there is going to be a new independent country. one known for golf, booze, and men in kilts. scotland is voting on whether or not to become independent. the vote? still too close to call. we caught up with the owner of the edinburgh pub in san francisco. >> yes, it would be something. >> with so much at stake, turnout is expected to be record high. >>> one of the bay area's biggest murder mysteries. tonight, how these san jose players are trying to solve it. >> apple has played hardball with your iphone. what it is refusing to turn over to police starting tonight. >> and miss america under fire. what she did as an intern that is causing this bay area native so much trouble tonight. i'm a doctor of internal medicine with something terrible to admit. i treated thousands of patients, risked their lives, while high on prescription drugs. i

we will hear much more from peter thiel coming up on "bloomberg west." their future now that they are not integrated. he took out a full-page ad this morning in "the new york times," taking a swipe against apple. you will hear much more coming up on "bloomberg west." i will also be sitting down with the ceo of salesforce, who just made a $6 million donation going to the schools, one million ,ollars going to code.org bringing coding programs into schools across the country. to it, emily.ward you can catch it all at 1 p.m. this afternoon. let's make clear that this is 10:00 a.m.. "market makers" will be back in a moment. ♪ >> we are almost done with our guest host here for the hour, lanhee chen. >> the continuing resolution goes on this week. seven more weeks before the midterm. are we going to get another government shutdown? so. don't think i think the big question will be how they deal with the president's request for funding and for arming the syrian rebels. that will be a big political issue, frankly. >> there is bipartisan support for getting out as

before that, a former -- orce,ioff and salesf another company, i was speaking with peter thiel, who saide would bet on salesforce anytime over oracle, and that betting on oracle is a bet against innovation. they are much smaller businesses, but a lot of people would argue their product are better. >> we got a report from oracle about quarterly performance as part of the news stream about the exit of larry ellison as ceo. they missed average analyst estimates by two cents, and sal es were lower than estimated. >> the announcement was slipped in with this. good diligence of them to tell us how things are going. 3% year-over-year sales growth. the earnings per share number, they can fudge that a lot of ways, not least with a sure bet i can -- share buyback they had been engaged in. they spend billions of acquisitions and only 3% sales growth, that is a concerning number. that shows the challenge safra catz and mark hurd are facing with this. things thehey do old way, selling giant installations of software and hardware combined together for multiyear contracts. that's the old way. jars he t

thiel, management has gotten better, but that has got to rattle a ceo.at twitter or in the mind of dick costolo? >> i don't know, and i may be the wrong person to comment on that. i tend to only comment on things i have an inclination on. >> but when someone criticizes your leadership, it is your leadership. >> someone is always criticizing you. you have to find out if it is just one voice in the wilderness, and you need to be able to address it and listen to it. sometimes you need to listen to it and modify behavior. sometimes you need to listen to it and explain. sometimes you need to ignore it. >> ace limited explain behavior, the ceo of snapchat, the e-mails that were published that were very derogatory, talking about drinking in college, and he apologized, saying he was horrified that his e-mails were made public, and no excuse. he said i was a jerk to have written that. and in no way reflects who i am today. >> oh, my goodness. i think you did a great job of opening up to some bad behavior, but there is no excuse for it. and compartmentalizing it,

i am pleased to have peter thiel back at this table. let me read over what one person said. it is roger. corrected -- a gifted repetition -- what do you think about it? >> it is incredibly flattering. i am most embarrassed when i hear something like that. my goal is just to get people -- when you start a company, great companies do things that are unique. they answer a question. what a great business is no one building? what truth do you believe that no one agrees with you on? part of what i try to do with the class in stamford and the book is to encourage people to think creatively and outside of the box. that is the next generation of great ideas. i think it always is. ,here's always some inspiration very hetero docs idea that people do not think makes sense. personality, do not get distracted they easily. >> and they believe in their idea? their idea ise very important. and even, somehow has more traction. >> have you had a those ideas in your life or have you support others? >> i was a cofounder of paypal. >> it was that kind of idea? >> i think it was the idea. e-mail a

when paypal cofounder peter thiel spoke about twitter saying "there is probably a lot of pot-smokingtwitter's dick costolo responded humorously, tweeting about eating a bag of doritos. some have said the decision to use humor seems to have had the right effect, but not all tech executives get it right, and sometimes the wrong response can lead to a nightmare. how should executives address vulnerability? i talked to about it with yahoo! chairman maynard webb, the former ceo of liveops. i asked him if he thought the response was the right response. >> it appears to be since it was -- >> i laughed. >> it was funny and mediated the situation so then it didn't get run out of control. >> at the same time he was talking about mismanagement of twitter. in retrospect, has sort of backpedaled saying management has gotten better but that's got to rattle a ceo. you know, what's going on in -- at twitter in dick costolo's mind? >> i don't know what's going on at twitter and i'm probably the wrong person. i tend to try to not comment on something unless i have inside information on it. >> in gener

peter thiel's new book. >> "squawk on the street" is next. >>> good wednesday morning. welcome to "squawk on the street." i'm carl quintanilla at the new york stock exchange. we have got it all this morning. a falling cpi earnings from economic bell weathers. activism at dell components. and hours away from fed's statement and press conference later this afternoon. our road map is going to go like this. investor nelson peltz calling for dupont to break itself up. >> the markets looking ahead to the fed decision today after a 100-point rally on the dow. >> fedex and general mills moving in the premarket, but in opposite directions after the shipper beat and the food company missed. >> and reviews are out for the iphone 6 and 6 plus. we're going to show you the critique and the actual phones themselves live. >> first up, activist investor nelson peltz says dupont needs to break itself into two companies. he sent a letter to the dow component's board saying the current corporate structure is destroying shareholder value. dupont says it welcomes open communication with shar

. >>> paypal co-founder peter thiel is worth billions of drs getting in early in places like facebookhe is actually paying people not to go to college. he thinks it is that worlz. his scholar -- fellowship pays followers $100,000 to not attend college for two years and go do something. >> we are places in society, where everybody is told to go to a certain number of colleges or else. you go to yale or you go to jail. that is not the way our society -- there is way too much student debt being amassed. >> you make the case, if you go to the bottom, >>> the debt that you amass is not worth it in terms of the benefit you're getting. >> two thirds, two three quarters, not worth it. and your diploma is a dunce hat in disguise. if i had to do it over again i would probably still go to stanford. but one thing i would do differently, i would ask a lot of things about why i was doing it. >> so the president said your fellowship is the single bit most philanthropy in the decade, what do you think of that? >> he is obviously somewhat biassed in talking about his book. i would argue when we have a

. >> a survey by peter thiel found that number as high at 90% at some companies.ot naming names. >> squawk in the morning. dick costello's response on twitter and of course by night snoop dogg weighed in asking whether he would work at twitter. >> and snoop dogg and others made many appearance to the twitter offices. so we don't know if there is firsthand experience. >> that story definitely became full circle as the day. dow closes at new highs. same for the s&p at 2008. the return from scotland should be coming in of course alibaba tomorrow. >> plus apple is going to sell some iphones i hear. >> let's get to wapner and the half. >> welcome to the halftime show. let's meet the starting lineup. stephanie link. pete and john nigerian are co-founder of the option monster. joe cheranova and dan greenhouse. we do begin with the aftermath, the day after one of the most important fed meetings in recent memory, one that left investors feeling good. stock continuing to all time highs today. what to do

paypel co-founder peter thiel. why he's paying people not to go to college.son's now. >>> good evening. thanks very much for joining us. we begin tonight with breaking news. the start of offensive operations against isis and the surprising location for this first air strike. not in northern iraq, but surprisingly close to baghdad. chief national security correspondent jim sciutto is monitoring developments. he joins with us the latest. what do you know about these strikes. >> there were two, one just southwest of baghdad. this was in support of iraqi forces that came under fire from isis militant. the second one in sinjar also in northern iraq where other strikes have taken place. but striking an isil convoy, an isis convoy up there. these are the first two strikes we've seen that have come outside the original two categories of u.s. air strikes

peter thiel just trying to sell books here?'s what this whole media tour is all about. look, he has a very gal have aen needsing point of view on the company, didn't take aim just at twitter, but uber, and a bunch of other companies out in the valley, which is interesting, because he does so much business with them. i thought twitter had a good and very mature response to that. >> are you surprised? >> i thought it was really disrespectful, many things that he said, but that being most focused on costolo with the management team, because he is the head, so it start there is and i was surprised that he went there with the pot smoking comment because you could be critical of twitter for a bunch of reasons, even though they have doubled, as you said, since the ipo, but i wouldn't be critical of costolo and the management there. >> have to leave it there. thank you, everybody, for being here. so much news to get through today. i think we did it that does it for us on "closing bell." "fast money" begins right now. >>> live from the

paypel co-founder peter thiel. why he's paying people not to go to college. anderson's now. >>> good evening. thanks very much for joining us. we begin tonight with breaking news. the start of offensive operations against isis and the surprising location for this first air strike. not in northern iraq, but surprisingly close to baghdad. chief national security correspondent jim sciutto is monitoring developments. he joins with us the latest. what do you know about these strikes. >> there were two, one just southwest of baghdad. this was in support of iraqi forces that came under fire from isis militant. the second one in sinjar also in northern iraq where other strikes have taken place. but striking an isil convoy, an isis convoy up there. these are the first two strikes we've seen that have come outside the original two categories of u.s. air strikes in iraq which were to protect u.s. personnel and to protect minorities under threat from isis and, therefore, the first ones to follow the president's speech when he announced a couple of weeks ago saying they'r

and tomorrow don't miss peter thiel.u have a question for him, post it on our facebook page or on twitter. in a world that's changing faster than ever, we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if dy to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. ♪ >>> welcome back to "squawk box." we're bear hunting in september. dominic chu is here with a covert direction of name ta stock. the market still close to record highs. you have some names and a little bit of a game for us. >> in a bit of a game. 86 stocks in the large cap russell 1,000 is in what we call bear market territory. so we want to share a few of them with you. so let's kick off our guessing game. each of you got five paddles in front of you. they've each got stocks on them. i'm goin

peter thiel spoke with emily chang and says hewlett-packard, acting and yahoo!gainst innovation. >> i would argue that hp and yahoo! are not even really technology companies at all. they were technology companies withe 1970's and 1980's hp, and in the 1990's with yahoo!. today they are fundamentally invested against technology, against innovation. be fixed?oo! and hp >> there are all kinds of things we can do to streamline them. it is probably a mistake for them to radically reinvent themselves. >> you mention marissa mayer. what do you think her chances are of turning it around? by far theshe is best ceo yahoo! has had in a decade. she should not be evaluated on whether she comes in and does something new. that is setting her up for failure. if you can improve those incrementally and make them work, that is fantastic. >> i would be curious to know whether he is short hp and yahoo!. you can see emily chang's interview with the president of at 1:00 eastern on bloomberg west. that is a call to arms in effect of those two companies. >> he is basically young thing -

don't forget, in just two days peter thiel is going to be here. question for him, send them to us. tweet us @squawkcnbc or you can post a question in the comment thread on our facebook page. we got more "squawk" when we return. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> welcome back. futures this morning. markets setting themselves up for the morning. dow will open higher it looks like. this is good news. dow about 14.5 tonights higher. nasdaq higher. s&p 500 call it almost -- marginally lower but may turn around. making head loons this morning, apple says it's received more than 4 million preorders for the new iphone and breaks a record. demand far exceeding supply and some customers wont receive the devices until

of robotics and what type of social impact is going to have offshore -- offer communities -- peter thiel is a libertarian who has been big on that. emphasis on stem cell research. these are billionaires who have been visionaries, that is how they made their money. in their philanthropy they are thinking long-term in exactly the same sort of way. as you point out, bill gates and warren buffett have proposed the in whichedge billionaires give away at least half of their money during their lifetime. slightly less than 10% around the world have signed up for that. many of them are in the united states. there has not been that much interest outside the united states. they went to china to try to sign up chinese billionaires for the giving pledge and had a big dinner and at the end of the dinner, nobody signed up. but we do have a very alibaba justase -- went public this week. leader behind a firm, is starting to do philanthropy inside china. he is worried about air pollution and he is focused very much on the environment. he is cognizant about billionaire activism can get you in trouble with