the responsibility for safety on the drilling rig is with transocean.ig, their equipment, their people, their systems, their safety processes. >> when bp's chief executive officer tony hayward says that this is transocean's accident, what do you say? >> i get sick. this kind of division in the industry is a killer. the industry is comprised of many organizations. and they all share the responsibility for successful operations. and to start placing, we'll call it these barriers, and pointing fingers at each other is totally destructive. >> but who is responsible? >> bp. >> all told, about 5 million barrels of oil spewed into the water, the largest off-shore spill in history. bp established a $20 billion fund to pay claims related to the spill. there are plenty of accusations to go around that bp pressed for speed, halliburton's cement plugs failed, and transocean damaged the blowout preventer. bit through all of these red flags, they pressed ahead. it was, after all, the deepwater horizon, the world record holder, celebrated as among the safest in the fl

take transocean, the world's largest offshore driller and transocean, experienced the $140 down to $40 know that all through this client company kept receiving giant contract win after giant contract win? in the end the huge contracts didn't matter because the price of oil kept falling. when crude drops dramatically, you have to assume that the drilling projects will ultimately get canceled or at the very least the company like transocean will have to give their companies major discounts if it wants to keep doing business, and that's why even with the wins transocean stock ended up a gigantic loser and so the same thing with the engineering construction firm whose stock sank from $95 to $50 during the greatest streak of contract wins in the company's history. it turns out that not only did it have energy exposure when all things energy were getting crushed, it also had huge losses from older contracts that went over budget, nullifying the new business that i mistakenly thought was so important. you know what? the exact same thing happens in tech all of the time. you'll see an enterpris

and created, in fact, a transoceanic trade. how to which the united states be born. >> host: in term of building the campuses, when did -- who were these founders of these universities? were they slave traders? >> guest: no. >> host: they weren't slave traders? >> guest: well, they are largely ministers. okay. from the various denominations. and so, you know, there's the dutch reform which is now rutgers and there's the -- college of new jersey which is princeton. these are actually denomination schools. they are schools that emerge out of the church communion. and then once they are established and as you establish them, you need money to do it. and a lot of money. the would be england. why would they want to fund? >> guest: that's one of the problems. i jokingly described it to myself as i was working on the chapters, you know, why would the english want to give the pure contains money to establish a school of new england in massachusetts when in fact, getting rid of the pure contain school was a great goal. [laughter] there'

check out names like transocean, diamond offshore, noble energy, all down on average over the last five holiday shopping seasons. sue, some buy lists, some maybe stay away from, interesting names for sure. >> to say the least. thank you very much. now to the health of housing, and a monster number on new home sales in october. diana olick as you well know is on the real estate beat for us. >> hey, sue. it is a monster number but you have to takes this with a grain of salt or 20 percent margin of error. we got two months worth of sales data due to the government shutdown. so take a look if you will. contracts signed to buy newly built homes jumped 25% in october month to month after falling 6.6% in september from august. but you have to follow this closely. look, the annualized rate which is how many homes would sell in a year at the current sales pace, was originally reported in august as 421,000 ufits. that was revised down 15%, the numbers fell to 354,000. that's a 10% drop from the previous year. then the sales until jumps, rose to 444,000 annualized in october and there's your huge

some radio and transoceanic radio was suddenly reality. no, that was fine. so far is knitting the country together, a conversation in moscow was not of the best. it did not have a great intimacy would you really needed was to be able to transmit the human voice. that was all down to a forgotten man. we'll remember morris and marconi, but we probably don't remember this man, reginald. he was a canadian who worked in america for the national weather bureau. and he came up to fund a very technically adept man, with the means of transmitting voice, the initials the you will know well, a.m. half in, or essentially his inventions. they allow basically hold the microphone on this on to the radio transmitter is set in the tapper and transmit any thing that his microphone could pick up. someone like me speaking with the sound of the window whenever in this changed everything. analysts thought, the way that grady reunites families and unite the country is very emblematic of the technology, at least in the 1930's, 40's, 50's, the image of the nuclear family candid to f

and in the drillers transocean that's an offshore deepwater driller.n drilling but that's a couple years. and endsco also drills for oil. >> why do you think they're doing well in 2014? >> stock forecasters make weather forecasters look great. i think they look good in the wrong run. i can't tell you that they're going to pop next year but trading more cheaply than they have in the last five years in price to sell and price to earnings. you won't get burned with them the way you could in a high-flying tech stock. >> thanks john. >>> and the new year marks the beginning of the end for some of america's most popular light bulbs. it's part of the government's plan to help save energy but as bill whitaker shows us not edge is seeing the light. >> reporter: at stores across the country, traditional light bulbs are slowly fatdding out. >> even my christmas lights were l.e.d. >> reporter: starting tuesday, the country will stop producing incandescent bulbs as the country works to shrink its footprint. it's part of a law signed by former president george w. bu

transocean be careful. >> finish line. >> nike did great. so what do you think?istened to terry lundgr lundgren, he would have told you mikey would have a great quarter. >> timco. >> everyone felt they had a good quarter last time and they would deliver again. no, the quarter was not so good. >> allergan. >> there's a lot of talk about botox doing better. this restasit, their tear drug. doing a great drug. >> amazon. >> there's price tags rising. everybody loves it, love, love, love. which is loved more, amazon or twitter or facebook? that's like who is more loved? >> that's a good one for next year. >> it's about love. do not confuse things. it's about love. >> what's on "mad" tonight? >> we have paychex on. this is the first time they've been outright bullish. keeping with the gdp -- what are you doing with herbalife at 12? i will stop and watch it. >> i guaranty we will do it at 12. >> and can you please beat the cowboys. if you beat the cowboys, i'm going to go to new orleans and see my daughter. >> it's all on cousins right now. >> cousins never misses a sho