tim adams ran that process. tim had wide experience with the treasury and the white house and a number of other places in the federal government. he did an exceptional job in managing the process. another would have been personnel. bill hagerty, who is from tennessee, a great job in being able to organize the systematic process. there would be times when we would say, these are the characteristics we are looking for in this position. we rarely got to the point of saying, this is the kind of person we are looking at. he was very useful in being able to say, this is what i want in that role, as opposed to, this person is what i want in the role. >> good morning. let me ask the question. the question is, we never got a shot in the confirmation process. we never transition to a transition team. the confirmation process is the greatest hindrance to staffing of government. going forward after election day, obviously, the inaugural. in this process, of confirmation, i remember sitting around the readiness project, wonde

we will get to tim cook. adam shapiro will have a report for us.ch a down market even though we are off the lows today. here are some on the nasdaq. ♪ with the spark miles card from capital one, bjorn earns unlimited was for his small busiss take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. [ garth ] bjors small busiss produce delivery.les [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited reward here's your wake up cl. male announcer ] [ gget the spark business card deserve limited reward from capit o and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze bton? connell: let's talk about the apple ceo, tim cook now. he touched on his thoughts about the future at the company, he talked taxes, adam shapiro is live at that event. >> first, as we are speaking, cheryl sandberg is actually on stage. she is talking about her book. befo

another -- tim adams ran that process. tim had wide experience both at treasury and in the white house and a number of other places in the federal government. did an exceptional job in managing that process. another area would have been personnel. bill haggerty, who is in from tennessee, a great job in being able to organize a systematic process. and there would be times when we would say these are the characteristics we're looking for in this position. we rarely got to the point of saying, and this is the kind of person we're looking at. but he was very useful in being able to say this is what i want in that role as opposed to this person is who i want in that role. >> so i think you, sir, were next. >> thank you. good morning. let me ask the question and then give a postample. the question is we never got a shot at the confirmation process because we never transitioned to a direction -- transition team. but yet the confirmation process is perhaps the greatest hint answer to staffing a government -- hindrance to staffing a

tim adams ran that process. tim had wide experience with the treasury and the white house and a number of other places in the federal government. he did an exceptional job in managing the process. another would have been personnel. bill hagerty, who is from tennessee, a great job in being able to organize the systematic process. there would be times when we would say, these are the characteristics we are looking for in this position. we rarely got to the point of saying, this is the kind of person we are looking at. he was very useful in being able to say, this is what i want in that role, as opposed to, this person is what i want in the role. >> good morning. let me ask the question. the question is, we never got a shot in the confirmation process. we never transition to a transition team. the confirmation process is the greatest hindrance to staffing of government. going forward after election day, obviously, the inaugural. in this process, of confirmation, i remember sitting around the readiness project, wonde

adam has been at all things d, "d" for digital, and weal talk in a moment. thank you, nicole. ♪ here we are, all things digital, going beyond the simple wristwatch, apple ceo timkicked off all things d conference in california talking about wearable technology. i know -- i didn't get excited about this, adam, but you looked at this. dying to know what the scoop was out in california. what people thought of that speech because, yeah, the stock's up 1%, but not really juicing it at this point. >> well, not juicing it, but the reason you might see that kind of ping ul for apple has to do with the fact that in less than two weeks, mr. cook eluded to an upgraded future of ios and os10, the operating system, as well as opening up, this is a closed universe for apple, opening up applications a bit to third parties so this got people intregged, but then he went on the defensive. you know, google is getting attention with google glass, that saying that you wear looks like the board from the old star trek episodes, but he's not so convinced that what you call a wearable item with only one function like google glass catches on. %-about wearables.hat he said >> i think in

tim cook. it was a long interview. our own adam shapiro is there now.with one of silicon valley's mark andreessen. i remember, feels like we've been reporting on this guy since, what, '95, when the ipo went. >> that was a long time ago. you're going back to netscape navigator what you're remembering. let's talk about the future. that is why mr. andreessen is joining it here at all things d, we're talking about mobile. we'll mach the discussion even bigger. he is known for saying everything they predicted in 1999 with the dot-coms back then has come true. everything they did on "star trek" in the late '60s we will one day invent. do you still believe that. >> i still believe that. one day. some things will take longer than others but we'll get there. >> jump into something that would seem right out of "star trek", for instance, 3-d printing. you just invested heavily into a firm out of new york which is at the forefront of 3-d printing. how will this change our world and how will people make money. >> this is literally new way of manufacturing. it is lik

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>> i think tim armstrong put a terrific number up and people didn't understand it. and you ought to be a buy, buy, buyer of aol. adam: adam from miami beach. >> nice. >> caller: with new products getting ready to launch and massive insider buying from the ceo, is it time to buy opco health? >> i like it. a lot of people are second-guessing. you go to the university of miami, it's easy to second guess the amount of money he gave to that university. nancy in new mexico. >> caller: cramer, big boo-yah to you from the land of enchantment. what's your take on erickson air crane? we purchased it as a spec last friday morning and we're up 15%. i know you don't turn specs into investments. what should i do? >> wow, you know what you ought to do? do some work on that. i don't know that one. erickson. you got the -- man, you got the jump on me. i've got to work on erickson air crane. i thought it was a telco guy. i don't know this one. let's go to lois in florida. lois. >> caller: yes, boo-yah, jim. i bought pinnacle. i couldn't get the ipo but bought in at $24 and it's gone nowhere. >> buy more. don't worry. new ipo, my char

employment at any tim, and we should see that in the government, neil, and, you kno, the fact it happened under her watch, nothing happened to er, refused to testify, it's very concerning. neil: adamu think of this, though, that sometimes we do have to makean example, do we not? if no one isleaving and no one has been so much as reprinded, it begs to question you don't want to heave out soeone, and that breeds its own ill-will, doesn't it? >> sure. when they do something wrong, they should be fired. if they break the law, they should be prosecuted. we agre if we want to have a policy conversation and compare government and the corporate world which is extremely difficult and, no, we don't wat the government to run like a corporation in every instaps, but this comes down to an issue of level. i mean, people get fired in the government, or, you know, leave quickly under embarrassing situation i think the general mcchrystal, general petraeus, think of various cabinet members over the years who stepped over the line and got fired. the question is do wewant to fire a senior level bureaucrat or want to ridicule a senior level state dpament person who may or may not have done anything wr

tim cook will testify on permanent investigations tuesday. lawmakers looking into the practices some u.s. corporations use to shift profits made here overseas to pay less in taxes. apple adamant saying it doesn't do this, holding $102 of it's billions in cash overseas because it's made there. remember, apple gets 66% of its sales overseas. if the 102 billion is brought back to the u.s., it faces additional tax, typically the difference between the other country's tax rate and the u.s.' 35% corporate tax rate. in interviews with other outlets, cook says that corporate rate is too high. cook telling the washington post, we're not proposing it to be zero, i think it has to be reasonable. >> great stuff. very important. so, would tim cook be the one that finally brings a decent tax reform to the rest of the country? let bring in dean garfield, ceo of the industry counsel, he has been working with counsel an tim cook. art last is still with us. art laffert is still with us. let me ask you, president obama wants to tax overseas profits. i think tim cook is dead right. i'm very pleased to see him go for this. isn't the cards stacked against him? >> they may be. but it doesn't mean w

i do point out that i think one of the seminal moments was that my friend adam from the old days said it was very critical of timou've never heard anybody give you less leg, so to speak and see what apple is doing and also people are just -- the fact that the stock didn't get hit on that shouldn't be the expectations are very low. >> but you do need new products. you've said it many times and i'm not clear that they don't have anything. >> i'm not either, which is yet stock can trade to 4.80 and then we'll look at it again. >> we're two weeks away from the worldwide developer's conference on the 10th in which he may -- all things clear, he gives developers a little more of a test of what launch there may be in september or in the fourth quarter. >> i have to tell you, was there a time when you looked at the big investment houses for advice on tech. >> absolutely. what a franchise. >> it was fantastic. >> can i take a look at fannie mae and freddie mac? i don't know if we have one week on fmna and fmcc, and they're making boat loads of money right now and are in a position potentially to cash in, cash out and be

tim cook is up against when he plays what i'mure will be a pinata anapitol hill next week. lawmakers are asking him to defend his $100 billion cash stash. why can't you blow it like us? adamat's all i'm saying, that's weird. [laughter] i think igot the gist of it. >> i don't know that they're asking him to defend anything so much as discuss and explain apple's tax policy. i mean, there's a perctly legitimate discussion to be had here about why it is, first of all, that apple doesn't repatriate its cash. tim cook has a very good answer for that. they would have to face high taxes to do it. but there's also this elaborate scheme that apple and other u.s. companies very legally use to put their, to route their money through caribbean islands and luxembourg and ireland and reno, nevada, and the list -- neil: wait a minute, how do you get from luxembourg to reno, nevada? gene marx, what do you make of that? >> first of all, whatever schemes they're doing as long as it's legal, it legal. and it's very interesting they're bringing in tim cook because, you know, he runs apple which happens to be one of the most well known companies on the planet, so why not get a little press out

at tim cook, the bottom left, the apple ceo saying we paid every cent of taxes that we owe, he is questioned about apple possibly dodging his taxes overseas in ireland and the united states, and adamd to that, in tampa expected to hold on. the neck which means the most powerful. gold going down again today, it is off 17%. and it is a good bet if you don't buy. ben bernanke'' magic tricks, in europe pacific capital. when is the inflation going to show up? >> the inflation won't show up until we are talking with q e as most people including corporations are storing it in bank deposits roughly $4 trillion of bank deposits, that is part of the monetary base. it is only when the banks start leveraging it up and linda into the economy that becomes money-supply and therefore highly inflationary. those people that expected high inflation as a result of the massive q e, when people were not going to spend it on consumer items or building factories that were going to keep it in the banks were wrong to buy gold or hedge against inflation. the people who were buying gold as an insurance against financial catastrophe such as a currency crisis were probably right in the long term. and of course