talk, a keynote speaker, followed by the chief technology officer, senior vice president of united technologies. and michael mcquaid got up and gave his talk, and he said, normally you don't brag about your failures, but let me tell you about a failure. and it was an rpe-funded project. it was a very noble project. he said, this was a great idea. this is what we were trying to do. it didn't pay out. we got out, rpe got out. it was absolutely the right decision. you know, if it didn't look like it's going to make it, get out fast. there's an old add nage i used tell all my students they learned when i was 30 years old. it's okay to fail, but fail fast and move on. >> how would i get that list? who would have that kind of thing? >> the rpe guys will. >> okay. yes, sir, in the middle? >> highlights mentions that you're going to move ahead with the nuclear and the fossil loan guarantees. those are borrower pays, as i understand it. $10 and $8 billion of credit capacity. how many do you have in house? what kind of timeline do you see the fossil projects under? are we going to see some action this ye

those include united technologies, caterpillar, alcoa and general electric. less than a week after the buyout of pringles by diamond foods, was thrown into question. thanks to an accounting investigation and management change, kellogg will swallow the potato chip maker. kellogg buys pringles from procter & gamble, paying $27 billion in cash. the deal makes kellogg the world's second biggest snack maker, just behind pepsi and its frito-lay business. the deal added1 billn dollars of market value to kellogg stock, thanks to today's 5% jump. snacks will account for as much of kellogg's revenue as its cereal business. shares of the previous buyer, diamond foods, rallied 5% but remain down considerably since the accounting investigation began. while technology stocks were weaker overall, telecom gear maker juniper was jumping over hopes it will soon see a big phone company doing some buying. juniper stock shot up 7% with strong volume. broker firm jefferies notes at&t released its budget for new gear, and jefferies thinks juniper is best positioned to see its stock

leaders included bank of america, which is up some 40 plus percent this year and jpmorgan and united technologies contributing to the strength we saw in industrials. utx, a report saying they are considering selling a flow business and another business that could raise 3.5 billion and pfizer contributing to the dow's gain. let's look at apple and see where it's settling out there. looks like it will settle above that $500 mark for the first timer. the earnings season is wiepding down, diebold, maker of atms, provided a favorable forecast for the year ahead. if you are in new york and have been hit with lin-sanity, you know this point guard sensation has caught new york's attention and it has caught investor's attention in madison square garden, because it's in a dispute with time warner, two million people cannot see the knicks play, we will see if that brings time warner back to the bargaining table. >> so they have no idea who jermey lin is then. >> i think they do know. you would have to live under a rock not to know. the retail index hit an all time high today and retail sales later this week

as for some of the worst performers on the dow at this hour, united technologies, caterpillar, pfizer, mcdonald's and ge, general electric, that is all losing ground. >> it is clear that the developments in europe have been calling the shots for wall street today. let's bring simon hobbs in. a lot of the jobs out of europe, do we have a deal? will we have a deal? what's going on there to cause a sell-off we're seeing right now? >> we simply don't know. most people in the market started the week in the belief that after all the turmoil on sunday we would have some sort of resolution by tonight. that clearly hasn't come through. we've got the statement from the eurozone. and they've left the entire thing open. meanwhile, the wires have been briefing ferociously that they are talking about not doing the 130 bailout for greece. and delay it possibly until after the april election. in the meantime, there's talk of bridging loans, or stealing a little bit of money from here to make the march 20th deadline. there is no announcement of the public sector. quite simply, they don't know if the p

united technologies, there's a bank of america continuing higher, another 1% gain today followed by american express, dupont and pfizer. >> bill, time for the stock brawl of the day. we take the gloves off for pepsico, the largest snack food maker. fourth quarter net income up 4%, revenue up 11% for the quarter. company also held an analysts day in new york today. among the biggest announcements, the company will cut nearly 9,000 jobs, pumping more money into advertising in the pepsi and mountain dew brands. the ceo appeared on cnbc to address some calls for the snack food business from the beverage business. >> our estimate is that the synergies from these two businesses being together in the range of $800 million to $1 billion. and the cost of splitting them is enormous, and will create untold disruption. >> take a look at the stock trading lower on the session, about 3.5% lower. it has been relatively flat over the last year. should you be a buyer or seller of this stock. in the bullish corner today is president and chief investment officer of yakman asset development. good to see you gen

. >> united technologies is bringing back 400,000 jobs from china and mexico. they are coming back to south carolina because we have created an environment for business restructuring in our state. >> i appreciate your research. i think we're coming to the right time in the financial cycle. it is not that we will create jobs, but how many and how fast. >> we are talking about job creation. i wondered if anyone would like to comment on the keystone pipeline project and its job creation in the energy sector or others like that. >> it is a great jobs project. we believe the president and administration have come down on the wrong side of it. job creation belongs in the private sector. that is what the entire conversation has been about. if we seriously want to grow the economy and get to 21 million jobs by 2020, is a no-brainer to allow that project to ensue. also from an energy cost and security issue. there is no question in my mind. >> the question is whether we will position ourselves to be a place where jobs come or allowed it to go overseas. will we be a play

the stocks dragging the dow lower, traveler, boeing, american express, hewlett-packard and united technologiess. bill, 450 billion shares traded today. over to you. >> a new normal, the old normal as we discussed last week. less than an hour to go traders are watching shares of coca-cola. beverage giant will report earnings before the bell tomorrow morning, you have less than an hour to decide if you want to buy and sell shares ahead of time. what should you do with coke right now? see what the charts say talk numbers on the technical side with carter worth, chief market technician at oppenheimer and the fundamental side, loren torres, covers coke for hsbc securities. what do you think? >> it is a lackluster, a stock that held up well when everything plunged last summer and the same time, has underperformed the market massively. >> classic defensively play. >> there fore, not interesting it is flat, full, no pun intend, leave it alone, not an interesting situation. >> you don't -- you wouldn't buy, wouldn't -- would you sell it? >> as a relative underperformer, gore to the underweight, go for

united technology a prime example of that. world leader in x-ray technology and radiation therapy. and amphenol, all those companies have the same sort of characteristics we're looking for. balance sheets, durable competitive advantages and real pricing power as well as a strong and growing international exposure. >> nick, can you follow-up on that? help our viewers make money the next six years or whatever it might be. >> absolutely. i think you have to focus on technology. it's had a great run from the bottom, but that's where the excitement is. it's where the energy is and higher than one beta group. as the market continues to climb, technology should be better. i'd be more cautious on financials. the story is particularly the political horizon we're facing this year. >> gentlemen, thank you very much. you have a great weekend. >> thank you. >> thank you. >> here's a shocker. herb would like to talk more about green mountain coffee roasters. in tv we call something like this the story that just won't stop giving. >> at least for me it doesn't stop. i think this is interesting. a

caterpillar, united technologies. some of the biggest decline kleiners of the dow.oric heating up again. more investorses concerned that greece may be forced to default on its debt. even apple impacted today, hit 526 a share, now just 500 bucks. that's it from cnbc. first in business worldwide. can help you build a plan that fits your life. take control by opening a new account or rolling over an old 401(k) today, and we'll throw in up to $600. how's that for common sense? woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. spark card from capital one. spark cash gives me the most rewards of any small business credit card. it's hard for my crew to keep up with 2% cash back on every purchase, every day. 2% cash back. th

united technology up too. reports say the company is thinking about selling its flow and compressors business, something that could fetch about $3.5 billion for that company. quickly we want to point out that the retailing index has hit an all-time high recently helped in gains by home depot and dollar tree contributing to that as we've seen people basically move down from the walmarts. its stock has responded and in turn the retailing index higher of course ahead of the retail sales numbers later this week. simon, back to you. >> thank you very much, mary. that is our cue to switch on the "power lunch" power surge and drill down on the stories driving the market today. clearly the greek government is undermounting pressure to convince skeptical eurozone leaders that it will stick to the tunes of its multibillion euro bailout despite violent protests over the weekend. julia chatterly is in athens with the latest. >> reporter: the greek government have agreed a deal on reforms, but the next step is addressing t

now america is united by technology. perhaps pnot much more. and part of the problem is they say we have the technology, we have the meet up rngs s, we hav to communicate on line. we don't immedianeed institutio beyond that. >> that's my cu developmee to q something that jackson wrote. it is delusional to pretend that the lumbering bow heem moths of the contemporary media industry have preserved any of the old republican concerns for an educated citizenry. >> that's what i want to talk about. >> that is a concern here of course and that's lower rate republican. >> yes. >> this is what of course i tend to believe is central to democracy. it's not about voting. it's about an informed citizenry like the one michael was describing. again, there were plenty of limitations on it, but that sense that people were engaged with a variety of points of view that they recognize were coming from different ideological directions and that they were attempting on to sort out on themselves and in conversation with one another. so it is a question not merely of c

and our own san francisco department of information technology unit, do we have our staff here? and turner construction. what could we do without a construction company. so -- [applause] again, i wanted to thank all our staff but also it's really important to acknowledge the role of our commission who continue to support our efforts, and this effort. i wanted to introduce steve cherney. >> i just want to take a second to congratulate everyone. i had the pleasure to work in this 100-year-old building for a while. the exciting thing about san francisco is when the c.d.s. and hearsa said we want to cut new hiv infections by 10%, san francisco said, no, 50%. when they said we'd like to get folks in line with undetectable environmental load, susan and the rest of the team said, no, that won't do, we need everybody in undetectable environmental load and they said if we do that, we can cut down on care dollars and we said, no, folks living with hiv in san francisco across each community will receive the highest quality care possible and that commitment is demonstrated again over and ov

according to a survey conducted by united technologies about two-thirds of americans believe that bankssorbing the refinancing fees. >>> a salmonella outbreak that has made 68 people sick has been linked to taco bell, taco bell that operates 6,000 restaurants in this country says the source of the food born illness still has not been confirmed. >>> alzheimer's seems to spread from brain cell to brain cell like an infection, but it's a protein that is spreading. scientists say that the discovery has immediate implications for finding new alzheimer's treatments. they believe other degenerative brain developments like parkinsons spread in the same way. >>> a woman defeated hawna in a small claims court. she spoke to us after she filed a claim against honda because she said her honda civic hybrid didn't come close to getting the 50 miles per gallon as promised. her reward nearly 10 grand, $10,000. which makes me wonder, how many people are going to go check to see. >> you wonder if you want to do small claims court or class action lawsuit? christine, thank you for that update. >>> a confusi

technology. and he acted upon that commitment with his leadership and the united states senate where he brought honorthis medal. michael collins piloted the

>> our united technologies poll, we did a poll on the aftermath of his comments and how it looked athether the middle class or poor had suffered most in the downturn. a slight majority saying the middle class, 45% saying the poor. we found that as political scientists have talked about, americans are philosophically conservative and operationally not. on one hand programs for the poor is a big cause of the deficit and they are reluctant to cut entitlements that benefit the middle class. >> let's break down some of those poll numbers. let's throw this one up, guys. the one that says 3% say it's because when they're talking about the main issue in spending, 3% say too much government spending on programs for the elderly. 14% say spending on programs for the poor. 24% say defense spending. do we have this poll, anybody? >> yeah. >> there it is. thank you. and then 46%, that top number there, the issue is that the wealthy are not taxed enough. so what's the take away from these numbers? who benefits? president obama? >> president obama is winning the -- you know, president obama is winni

us you see that we are very much interested in think now look military technological progress it's really important where the united states. will be the high technology or not it. i would like to develop such that i know that you're planning a joint russian aid to computerize drills this spring is this what you're talking about technology nor is it just a drill it's just. a minute which will be in march in the end or much in germany germany will horsed such exercises but there is a problem with the search. you said that we would like to stop talking to each other in each other we would like to ask computer store help us we would like to test the russian proposal as well as american proposals you can search exercises and let's decide who is right so what i want i would like to buy meat me to buy meat or service. to. or to use computer store proof that for example russian proposal. to calculate more interest and are more efficient in comparison with the united states not yet a nature and the united states would like just only to look at the proposals made by nita but you see that even would like to concentrate just o

technological. it's really important where the united states. will be the high technology or not it. i would like go develop such a group but i know that you're planning a joint rush to computerize drills this spring is this what you're talking about in the range of technologies nor is it just a drill i mean it's just the only exercise of that which i hope that will be in march in the end or much in germany germany will horst such exercise but there is a problem with exists you say that we would like to stop talking to each. other we would like to ask computer still help us we would like to test the russian proposal as well as american proposals you would in such exercises and let's computor the decide who sees them is the right so what i want i would like to point me to meet the prime. or first us two two. to use computers to prove that for example russian proposals to cooperate are more interest and are more efficient in comparison with the united states and nato and the united states would like just only to look at the proposals made by nato but you see that even i would like to c

the united states has been an interest in expanding energy cooperation with india, to develop new technologies and address environmental problems and diversify global energy supplies. the united states's own energy problems will be made worse if we do not forge partnerships with india and other nations expanding rapid economic growth. 2008, the united states concluded the civil nuclear cooperation agreement with india. the legislation lifted a moratorium on nuclear trade with india and open toded the door i trade of high technology items such as super computers and fiber optics. this is remaining important to the relationship. but in the narrower context of nuclear trade with india, it has yet to bare significant fruit. in large measure this stems from the india's adoption for the nuclear damage bill. this effort effectively rules out india understand -- rules o damage and frustrate the united states nuclear industries to play a role in india's expanding nuclear sector. it's inconsistent with the liability regime that the international community is seeking to achieve. to date, in administratio

technologically advance products. that is where we have an advantage in the united states. and maintaining our technological leadership would certainly be a boost to our ability to export. >> you know the decisions we're going to have to make coming up. and you know that there were all these attempts to get agreement between the white house and the congress last year that did not make it. there was one plan that a number of us were even held a press conference. i think some 40 of us in the senate wanting the super committee to go big with a $4 trillion cut in the deficit over the next ten years. you would recommend going forward, since all of that failed, steep cuts that only hit at a happenndful of the safety programs. or do you believe we should place more on reducing future deficits over the long term in a more broadway while being fiscally conscious of the recovery efforts in the near term? >> mr. chairman, i would support being aggressive. a number like four trillion was the cbo's estimate of what would be needed to stabilize the ratios over the next decade. that is an

of what inspired the book was thinking that the united states was brilliant at creating the idea that the canal was a triumphant achievement of technologyleadership of the roosevelt--the selflessness of the united states. i certainly agree that the canal was a superb achievement, what i felt had gotten erased when the labor that was required to build the canal. george washington -- constructed until was completed in 1914, once wrote years after the canal had been completed everyone talks about it as this incredible technological achievement or break through in medicine, sanitation, he said none of that actually was new about the canal. what was new about the canal was that we discovered new ways of ruling over men and women and preserving order. >> host: ruling them. what did he mean by that? >> guest: he meant the canal zone, as the united states build the canal, was a little country the personal 65,000 people. people came from all over the world to build the canal. as many as 100 countries. to keep order over those people if you actually make the world of the canal zone homes so that the canal can be built. a lot of governmental innov

as the united states begins the star treaty, the science, technology and engineering capableties within a security enterprise will become more important to sustaining the u.s. nuclear deterrent. that is why the budget request includes weapons activities and $1.1 billion for the reactor program. initially, it's nsa's work to pro vent nuclear terrorism, which is one of president obama's top priorities. includes 2.5 billion to include arms control activities. finally, the budget request includes $5.7 billion to continue progress and clean up the nation's cold war nuclear sites. the budget request makes strategic investments to promote our prosperity and security. at the same time, we recognize our country's fiscal challenges and are cutting back where we can. we're also committed to performing our work efficiently and effectively. countries around the world recognize the energy opportunity and are moving aggressively to lead. this is a race we can win, but we must act with fierce urgency. thank you and now, please, to answer your questions. >> thank you, mr. secretary. since i understand d

i've utah, keynote speaker, followed by chief technology officer, senior vice president of united technologies. michael mcquaid got up and gave his talk and he said no to me you don't talk, bracket but if it. but let me tell you about a failure. and it was and arpa-e funded project. it was a very noble project. he said it was a great idea, this is what we're trying to do, it didn't pay out, we got out, arpa-e got a. it was absolutely the right decision. if it didn't look like he was going to make it, get out fast. there's an old adage that is used to tell all my students that i learned when i was, you know, 30 years old. it's okay to fail, but fail fast and move on. >> i want to get that list. in the the arpa-e guys. >> highlights mentioned to move ahead with the nuclear in the fossil loan guarantees. those are bar were paid as i understand. 10 and 8 billion of credit capacity. how many do you have in house? what kind of timeline to see the fossil projects under? are we going to see some action this year? i know these are tracked internationally, not just nationally. >> that's a very difficult

technology. most importantly, the power of people united to unleash revolution around the world. today those same technologies, many of which were developed right here in the bay area, are changing how we communicate, interact, and share information with each other. weather across town or across the world. we must not be afraid of this destruction, this innovation. we must, in fact, increase it. one year ago when i took office, i did not have a twitter account. today i will tweet my first in photographic. -- info graphic. [laughter] there, how about that? of [applause] that is a little disruption, but it shows how important i think innovation and technology are to rebuilding our government in future. i believe that some of the smartest people on the planet live right here in san francisco. they love this city, too. last friday i joined the team at code for america to bring hack culture into city government. for the first time, you will see hackatohns at city hall, where we will engage some of the world's most innovative minds. from transit to better service delivery for residents,

technology goods than exporting, and this is not good. not only is it not good for a lot of reasons, but it's mostly not good, because more than anywhere else, we believe that the united states can compete in advanced technology manufacturing, and so our budget reflects that. it asks for $290 million for advanced manufacturing office to support r&d on materials and processes, to help manufacturers cut costs. so this is not some stuff 20 years out in the future. we are talking about things that actually can help manufacturers in their factories produce, for example, advanced steels, alloys, lightweight materials, all sorts of things that could help our competitive edge. manufacturing also supports through the does, there's additional manufacturing. this is specifically tied to advanced manufacturing. but if you look within our energy programs, within rpe, and in little bits and pieces in science, but it's mostly in science and rpe, we're also supporting advanced manufacturing through advanced and science supports it through advanced computing. advanced computing means you design in silico, you reduce the number of prototypes and number of design cycles before you actua

earlier we talked about your commitment to a new enrichment technology that gives the united states the ability to get back on the cutting edge in terms of our technology, great advance and manufacturing jobs and also be able to supply our energy needs and from the national security point of view to deal with our need for dealing with the nuclear arsenal. that comes from domestic sources of enriched uranium, correct? >> correct. >> is that the policy this administration we should have a u.s. source of low enriched uranium for production at tva? >> it's not the policy. by treaty, we're obligated to have u.s. sources to create it. >> so this is a requirement that we have a domestic source. with regard to other activities, a huge campus and by the way would once again extend an invitation to you to come out. i think you would really enjoy seeing what's going on there and see the incredible work that's been done. there is also a cleanup of the existing technology which is defusion technology that is being used. there is a decontamination and there are actually 1950 workers involved with tha

we would like to do is find the investment choices that can really stimulate high technology manufacturing in the unitedtates. there's no reason why we cannot be competitive with any country in the world. germany remains competitive in high technology manufacturing. i believe they have higher labor costs than we do and so -- and we're at least as innovative and inventive as any country in the world. i would say more so. so -- >> my only response would be i think the market makes a better decision-making process than the government based on, based on the record and it's not the taxpayers' money at stake it's the stock holders' money at stake with the winners and the losers and i just personally think that's the way it ought to be and secondly historical comparison might not work now because we weren't drowning in debt when those loans were made. today we're drowning in debt. and we just can't keep going and having headlines that half a billion or a billion dollars are lost again to the taxpayer. my time is more than expired mr. chairman, tharnk you. >> senator coats questioning steven chu about the presi

tooth and the whole purpose is to ring up or linking up the handset with the vehicle unit using the blue to technology said it is an important standard for us. >> what is the price line on a entune product? >> entune comes standards in vehicles anÍbal with the audio equipment that comes in that particular models of its standard in the particular models come and it's in the car. >> is working with some of these technology companies that you work with like you mentioned the voice box and blue tooth is it like working with a tough year manufacturer to get the right tires? another supplier to the toy yo the product? it's all about the collaboration and there are two others we work with a that you wouldn't normally hear about. stomach a company that are smaller technical firms and software experts who help provided the software for entune and without that collaboration we couldn't be where we are today. it's important for a company like toyota to reach out and embrace the community. it's their competency in transportation to this gimmick to you have different standards for different countries? >> i can spe

. >> i wanted to have about 10 kids, and we tried, with all the technology in the united states, and we could not do it. my husband's family had him to go home for family business, and i know he did not go because i was not having a child, that they wanted help with the family business, but then i thought there'd be no way that he would leave me to go back to have a family business if i had children, and i was very sad. to try all that you could, to not bring a child who is sick on to the earth, and you would not be happy. that is exactly what i did. i went to see all of these people, and then i said, "this is what god has for me." for some reason, it did not happen, but now i have 7000 people. tavis: is your ex-husband still alive? >> yes. tavis: and what did he say about his ex-wife being the king? >> i have not given him a divorce yet. they had gone to him and said that his wife was going to be a king. do you know what you're getting yourself into? tavis: [laughs] i love the sense of humor. i love the humility. i love a good story. to be sure, this is a good one. it is called "kin