there's no -- we don't have a need for unskilled labor. they don't have to raise the minimum wage here. they were raising it for one reason and one reason only. the government. >> so you don't -- >> i believe their turnover -- >> i believe they are losing in this because being a walmart shopper, when you go in and they have problems with turnover people don't know where anything is in the store. >> i think if they can't train another guy to fold shirts, i mean think about this. >> ben stein? >> charles with all due respect, it is documented that walmart is having trouble finding skilled or semi-skilled workers. there is a shortage of competent workers at every level in the labor economy. >> what do you find the semi-skilled worker, not the guy folding the clothe ss? >> they are not counting jelly beeps. >> yes, they are, a lot of them. >> it's a free market. >> you try it. >> i've done it for years. >> walmart felt strongly enough that it wanted to hang on to its talent because that talent might just go elsewhere right? so just like -- i m

there is an endless supply of unskilled labor in this country. you know, he won.heryl: who is next? the thing bank is going to be his next best friend? >> it is an interesting turn around. at the end of the day though walmart worker wins. >> it is different for the investor. >> walmart is the winner over the long term. they need these wages to be able to shop. the other winner is the taxpayer. we no longer have --. i have to move on, charlie. >> we are now hitting a new all-time intraday high. 18,100 change. we did not have that type of market this morning. when the markets opened, we were very nervous. we are on track for the first record close. >> either i the way, we are getting some good news. they are nearing a deal, we think. it may be on the negotiating table. just days before the bailout expired. i will use the word cave. >> you get the feeling that stock investors are looking for any excuse to list the market a little higher. you have a bond yields near nothing right now. are we really going to raise rates in this country as quickly as people think? will

as with a largely unskilled labor was needed in the united states, canada, states, canada, north america as well as argentina and brazil and south america for decades wages in europe fell. the same decades wages in the united states rose. mass mass migration is fueled not just economic power of a political power. new york was the most populous state in the union in 1810 with a little less than 1 million inhabitants until the civil war some of the five largest were southern slaveholding states and he's vanished after the 1860 census. after the war new york received many immigrants coming from europe including 20 percent every decade. more growth begets still more growth. as new york's welded became the undisputed manufacturing and financial center of the nation but wielded more political power in washington formally and informally. from 1862 the turn-of-the-century the rounded out the top five population centers. the power group usually putting that in the white house and sending more wealth back home. of the 22 presidents who served in the white house during the 19th 19th century all but

there are a lot of wage inflation at the top end but you know the unskilled labor sort of thrust that'she market over the last ten years, mainly from the emerging markets has kept the unskilled labor markets very very low in terms of wage. >> that's why we'll see if this has any impact. maybe a lot more needs to happen before we know. >> thank you, jeff. >>> all eyes out on silicon valley on yahoo! today. yahoo! ceo marissa meyer meeting with hundreds of millions of developers mapping out the company's future. she's finishing a news conference. we'll get you the details from that. >>> as bad as the animosity and gridlock in washington it can't be as bad as in turkey. it injured five. what were they fighting about? that's straight ahead. we live in a pick and choose world. choose choose choose. but at bedtime? ...why settle for this? enter sleep number. and the ultimate sleep number event going on now. sleepiq technology tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! now we can all c

do we really need to push down the wage rate on unskilled labor more than we have now?ou do that by just, flooding the gates. >> i think anyone on the right who argues about pushing down wages without supporting a raise, a hike in the minimum wage -- >> she should be barred from even -- melissa: we'll leave it there. we have to go. >> depend on hike on middle. melissa: a few stories on our radar right now. colorado residents have extra green in their wallets. sale of the drug was designed to raise money for the state, it pulled in so much, about $50in that the law status has to give some of it back to ordinary citizens. there you go. >>> those with craving for girl scout cook sis may steer clear of california. inflation is causing some troops to raise prices by 25% to $5 a box. i didn't think they were allowed to do that? i was a girl scout. >>> no one surprised, lance armstrong accused of lying once again. police say the disgraced cyclist hit two park cars with his suv but had his girlfriend take the blame. she came forward with the cover-up. she wanted to protect her

we all know there's not a huge growing number of jobs for unskilled laborers and as a result wages stagnate and income comes down. we need to stand for an immigration policy that puts americans first and american workers first. [ applause ] in 1920, after a great wave, congress passed a bill, the immigration act of 1921 and then 1924. and they passed unanimously in the house. one vote against in the first, nine in the second. it was a bipartisan issue. republicans and democrats put you first. because for america to be a great country that you want to come to we have to be a great country. for every worker, skilled and unskilled alike. so, steve is right we need to step forward with an immigration policy, but in the context of standing strong with american workers. finally, there's an issue in the 22 or 23 debates held in the last election cycle only one debate on this subject and one or two questions during the debates. it was national security. the war was over, bin laden was dead al qaeda was defeated. extremism was gone. and what's happened since? we've seen the impact of isolationism. w

we have a large amount of the unskilled part of the labor force a lot of people still the job site ands the right policy. >> of the cost more than five grand to get them off their back then it is a good investment. charles: i have my stock idea it is the beaten down name but everything with all-time highs you want something that maybe isn't. we will be right back to make some money. ♪ charles: getting down to it to make money. triple navigation. the main reason i like this the name is charles. you have to go with that. not really. but today they trade 2.5 million shares. here is the problem. execution is not that great but this is an idea if you don't want to chase it at the high i like what they're doing with their business. they already have a core business of logistics' but they carve out a really nice niche with utilities it is a global play. they have the amazing growth around the world for the compound growth rate of 16% north america 13% europe. 24% with the rest of the world. i like their risk/reward it is not overnight but something people could put it in the floral 1k. >> i w