>> when we return, tom steyer's paradise.ning this huge ranch, how is it different than running a hedge fund, a $20 billion hedge fund? ♪ >> the northern california coast is one of the most picturesque places in the united states, so it is no wonder this is where billionaire tom steyer spends his time. a few miles inland from the pacific is the 1,800 acre ranch steyer and his wife kathryn taylor bought in 2002. only an hour outside of san francisco, it's a world away. buying this ranch, was it your idea or your wife's idea? >> i think you can only blame my wife for that one. originally we bought it because the land had been so misused, you could dump stuff here if you paid them a fee. there had been a d.e.a. raid. they had people -- >> why? >> i think they were growing dope. >> oh. running this huge ranch, how is it different than running a hedge fund, a $20 billion hedge fund? >> i'll tell you how it's the same and how it's incredibly different. it's the same in the sense that you think this looks like an asset, but it's act

>> when we return, tom steyer's paradise. running this huge ranch, how is it different from running a $20 billion hedge fund? >> the northern california coast is one of the most picturesque places in the united states, so it is no wonder this is where the billionaire tom steyer ended up. there is an 18 acre ranch he and his wife bought in 2002. it is a world away. buying this ranch, was that your idea or your wife's idea? >> i think you can lay my wife. originally we bought it because of the land. you could dump stuff if you paid the fee. >> running this huge ranch, how is it different from running $20 billion hedge funds? >> i can tell you how it is the same and how it is incredibly different. it's the same in that you think it looks like an asset, but it is actually dramatically changed by the people who run it. that's exactly like every organization i have been in, which is having great people at the top. it is unbelievably significant and powerful, and that's where the comparison is. >> how many have you put into this? >>

. >> i'll be chatting with businessman turned environmental activist tom steyer.teyer was born and raised in the financial capital of the u.s., new york city, but chose to open his company, farallon, in san francisco. he founded farallon in 1986 with $8 million, and by the time he stepped down he turned the initial investment into $30 billion, making it the fourth-largest hedge fund in the world. his personal fortune is an estimated $2.6 billion.

tom steyer apparently a hero for pumping money into his political ad.hy this ad is crazier than the ad itself. ad itself. >> keystone is only going drive when folks think about what they get from alaska, ad itself. >> keystone is only going drive they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. . neil: president obama is back from vacation, and back to weighing executive action on immigration. senator marco rubio telling the president if he does act alone saying good-bye to any chance of getting reform passed by congress. dick armey on how republicans should deal with this. dick, always good to see you. the president we're told is told to take executive con

tom steyer apparently a hero for pumping money into his political ad. why this ad is crazier than the ad itself. >> keystone is only going drive the price of oil up! [ laughter ] unlimited cash back. let that phrase sit with you for a second. unlimited. as in, no limits on your hard-earned cash back. as in no more dealing with those rotating categories. the quicksilver card from capital one. unlimited 1.5% cash back on everything you purchase, every day. don't settle for anything less. i'll keep asking. what's in your wallet? . neil: president obama is back from vacation, and back to weighing executive action on immigration. senator marco rubio telling the president if he does act alone saying good-bye to any chance of getting reform passed by congress. dick armey on how republicans should deal with this. dick, always good to see you. the president we're told is told to take executive control issue and an order that would keep a number of millions of illegals here and prevent them from being deported or something far grander, what do you say? >> senator

. >> six months ago billionaire activist tom steyer burst onto the national scene saying he'd drum uplions to sell the public on 0 a climate agenda. since then, he's struggled to raise money, vulnerable senate democrats and the public remain firmly in support of pipelines and drilling. this week he all but admitted his great big campaign was going to be pretty tiny. so a hit, i guess, to the billionaire for belatedly acknowledging that the public is not interested in his anti-energy economy. >> kim, thanks. james? >> this is a hit to the new england journal of medicine for publishing an important new study showing the health risks of a low-salt diet. yes, it's true. we've been badger for years to cut our salt intakes. turns out there's dangers to eating too little salt. i don't think there's ray time to end a war on the end of flavor. but this is good news for diners. >> bret? >> this is neither hit nor miss but will miss you for robin williams who tragically died this week. he was an actor of tremendous range, most of us know him of his comedic genius. but he was able to play serious

stuart: okay, now tom steyer is a global warming crusader.wants to spend this money and give it to candidates who want climate change legislation. he's a green kind of guy. >> right. stuart: do you think that will be effective in florida, at this point in time? >> no. here's why. every floridian, anybody who enjoys the sun, surf, the florida keys, the florida everglades, the springs in central florida, appreciate and to a certain extent are environmentalists. the key here is what can the florida governor do to impact and protect our environment that's so intertwined with our economy? if you compare charlie crist's record against rick scott's record, charlie crist invested some $8 million in everglades and springs, florida springs cleanup. rick scott, on the other hand, put in $100 million investment in the continuation of the restoration of the everglades which is all important from a variety of reasons. the florida springs in the central part of the state improved the florida keys. so he has, in fact, a far better environmental record than t

. >> tom steyer is a crony capitalist, making billions of dollars off his relationship with nancy pelosi, and government action just as albert gore has, how do they make their money? not working in a coal mine like i did, they did it because of their eliteist and relationships and crony capitalism with this administration. neil: a bit hypocritical. >> very. and i have to speak out, neil, because i'm an american. they push back on me when i do this but i have to, people have to understand what is happening to low cost affordable electricity. neil: you think about it let's say they do try to bury and you coal, and that is a plenty full energy resource they have. so where does it end? >> people on fixed incomes are not going to be able to pay electric bills, poor people are not going to be able to pay electric bills, people who are about to manufacture a product, in the united states, for global marketplace are not going to be able it manufacture, coal fireed electricity is 4 cents a kilowatt hour, this solar is 22 cents a kilowatt lower, and gets a subsidy from the taxpayer on top of that.

before i get to the prepared remarks i don't know tom steyer from a bar of soap, but i would be willing to work with anybody to put some transparency on the dark money into the elections. i know this isn't about elections and dark money, but if went to save our democracy that would be the first step. we can get to the bottom line as far as the influence and the political agenda here in washington, d.c. with that -- >> since my name was used i can react to this. this isn't dark. this is light. this is something that everybody knows. it's out there, it's in all the publications. that means that much to some people. i wanted to clarify that. >> then let's get rid of that and the dark money too. mr. chairman, ind -- first of all, i appreciate you having here me here today with along with ranking member wicker. it feels like we should be on "cross fire." but i'm not a lawyer, i'm not a scientist, i'm a u.s. senator and a farmer. the impacts of climate change are felt far and wide and i believe we need to take responsible steps to mitigate the impacts. what those steps are, some came out by t

condescending paternalism, that was jason lusk's take on comments made by billionaire investor tom steyer sophisticated. here's your take on the rest of the show today. shaun had this to say about the next big star in golf. quote, don't forget rickie fowler, he could be the mickelson to rory's tiger. good point. cathy about the war on the middle class. there has been a war on the middle class since obama took office. it will continue until we elect a leader with common sense. i think we know where you're coming from. that's it for me. thank you for joining us everyone, it was a pleasure. here is deirdre bolton. deirdre: thank you very much, stuart. search giant google public status is a decade long as of today. we're following the rapid growth and the new youtube subscription service. and the latest on the case being brought by the national association of broadcasters, to tell you what it means to new media and investment, tech veteran, former mtv' er former of sfx and college humor, paul greenberg is here. >>> google went public ten years ago today. shares better than a thousand percent

i mean, it really is based on what we were seeing a month ago that san francisco billionaire tom steyerx-figure bye. >> joe, last night, i was asking top republicans how big a deal is this? this is a huge psychological turning point for republicans. not just in new hampshire, but elsewhere who are wondering can we really take the senate? i'm told that this poll is going to help bring other big donors off the sidelines because they are saying, wow, a senate majority leader mitch mcconnell might be a real thing if scott brown wins, they are very far on the way to that. >> howard, obviously, really bad news for the democrats of this race does become competitive but most of us didn't think that scott brown had a shot a month ago. is the president's approval rating even in new england really a drag on these candidates? >> i don't know. i actually would suspect that poll might be wrong and the reason is that we just -- i just seen a poll here where the president's approval was at 59%. now, this is have the and that is new hampshire but they are a lot more alike than people think. i'd be very