purchasing, valued pricing, value maximizing, innovation for value. chain in health care and then you could make your own concepts. you can put any in the value integration sounds good. value pa value -- i haven't a clue what that means, however, like any professor, i could probably give a good 45-minute lecture on the topic. and i'll do that. i saw this on the web of course i wanted to look at what is the value chain. this is it. you find this on the web. i haven't a clue what this means. the people who drew it didn't either, obviously. but they thought it was worthwhile putting on the web. the patient isn't even in there, as you may notice. this is not patient center. i'm thinking of conference called value, value. because if it is really true that so far we've never moved to value in health care, who should be taught how to value, value and you could have a good conference around that. it's some clue. so -- i sort of went back, because i'm an economist and we concern ourselves with value a lot. it's really about half of what we teach people, so whe

value pricing, value maximizing, innovation for value, value chain in health care, and then you makeown concepts. you can put any noun in there, value integration sounds good. value paradigm, always good. i like value inversion. i haven't a clue what that means. however, like any professor, i could probably give a good 45 minute lecture on the topic. nancy, maybe next year i'll do that one. i saw this on the web because i wanted to look at what is the value chain. this is it. you'll find this on the web. i have no clue what this means. the people had drew it didn't either obviously. but they thought it was worthwhile putting on the web -- the patient isn't even in there, as you may notice. this is not the patient center. i was thinking of conference call value value. because if it is really true that so far we never moved to value in health care, we should be taught how to value value and you could have a good conference around that is some clues. so i sort of went back, because i'm an economist, and we concern our selves with value a lot. it's really about half of what we teach peop

and value pricing and value maximizing and innovation for value, the value chain and healthcare and then you could make your own concept. you can put any in the value of integratio integrations, it sounds good. value paradigm. i like value inversion. however, like any professor, i can give a good 45 minute lecture. i saw this on the web, what is the value chain? you will find this on a web and have no clue what it means. the people who drew it didn't either obviously. the patients is not even in there. >> we need a conference calls value-value. >> if it is really true, that would never move to value on healthcare. >> so, lets go back, i am an economist, we were concerned of values a lot. it is really half of what we teach people. so, when you actually do that, it goes back all the way to antiguity. you will find in 1700 bc, you will find a schedule of a value there. if the babylonian patient, if he or she is a free man, the fee is cheaper. an interesting thing you say what is a weird schedule and then you look at new jersey, that's how we price the care. >> it is the hamarabi code.

stocks at 75% or 80% of book value. that means i'm making 12% because i'm buying it below book value and they're paying out nearly all their earnings in dividends so i'm getting 12% and earnings can be substantially higher if interest rates go up or if they do something without interest rates going up. if you talked to the ceo he would outline all the steps that he's taking to get his higher without interest rates going up. >> rich, what i love about that, people look at pete and i and they think these are wild option guys, but what you're talking about with the share repurchase. share shrinker. if they're shrinking the share base and they're giving you money, these are two very positive things and pretty conservative things given the position that banks like citi and jpmorgan are in right now and that's why we love them. >> and the companies are focused. they finally accepted that interest rates may be stuck here. and whether they're right or not, who knows, but they're actually not sitting around waiting for interest

that's where the real value and business value is created. okay?p of that, there is a service layer. this is the most important and the most valuable layer. this layer makes a decision based on the information collected through all the sensors, wearables, and all these things. you have to make a decision on what to do with it. it is not just a visualization. you have to take an action. when you take an action, that's where more than 90% of the value of i.o.t. ecosystems is realized. when you look at the information flow, it's not just the monitoring. actually, it's also taking action, meaning that you are coming back, closing the loop. i'll give you one example. about 16, 17 years ago at m.i.t., they developed something called ring sensor. this is a great idea. this is a finger ring essentially. you have batteries. you have a cpu. you have wireless. you have optical sensors. it detects heart rate and oxygen concentration and blood pressure from a finger ring and you carry it 24 hours. wherever you go, if there seems to be a problem, you get alerted

have value value trade. momentum trade.rom value trap to value trade you need the risk environment to improve. they need the fundamentals to improve. are a long way away from that but we think there is enough to go from value trap to value trade. to get to the momentum the fundamentals need to improve now. we are watching what the ecb ins in the december meeting relation to messaging the market. perhaps a reduction in and bond purchases which would be to the benefit of banks around europe. we are watching that closely. it's quite likely that over the next couple of meetings we go to a reduction in stevens theich yield curve. that would be good for europe's financials. mark: from value trap to value trade. jonathan stubbs. global and equity strategist. mark mobius says emerging markets could be blindsided when the fed raises interest rates. we will hear from him next. this is bloomberg. ♪ mark: live from london and new york, i'm mark barton. vonnie: i'm vonnie quinn. this is the european close. a lot of speculation to how th

that try to maximize long-term per share value. this year that's led us to a lot of the financial stocks, some of the economically cyclical names. you know, that's where the value has been even though that's not been what's popular. >> you don't buy many stocks, but when you do, you certainly put your money behind it. you have got mgm resorts. you bought it for the first time ever. that's one of your most recent if only new buys. why? >> right. that was our only add in the past quarter. at oak mark we've kind of made up our own version of the 80-20 rule. when 80% of what people are worried about in a company is relating to a division that's only 20% of the value, that usually leads to a pretty good opportunity. i think right now investors are way overly focused on mgm mccau results, and that's only 15% of our estimate of value, and they're not paying attention to how positive the supply demand outlook is on the las vegas strip where mgm has most of the value of its properties. if you look at where individual casinos are trading han

somebody created fake value out of something that did not really have value.as going to crash, which is what it did. >> the dow had its biggest drop ever, falling a little more than 777 points. michael: we do not want to have banks that are too big to fail. we want gigantic banks, because that is the only way to compete in the world and fund companies that will create the jobs you want and a better life for all americans and people around the world. so instead of keeping the banks from being able to make money and with that money make loans and take risks, what you have to do is find ways to protect the banks from going under. have an insurance policy in case they do. but not keep them, not try to change them so that they can't possibly go under, because then they can't do their function. terre: right. michael: they are a very important part of the function, and unless somebody finances development, there is no development. there is no way to create jobs and wealth and good lives and good education systems and good governments that depend on tax revenue in the

figure out the value of your car. but it turns out the kelly blue book value can be way off. it was for this man. i was pretty much in shock. the one factor that can change your estimate considerably-- coming up in tonight's contact 6 accident. nobody is hurt ... but emotions are running high. you're probably not thinking -- how much are these repairs going to cost? but as contact 6's jenna sachs found out ... the bigger hit ... may be to your car's value. and you'll find yourself saying don't "show me the carfax." this is a 2007 acura tl type s. jerry morgan wanted to sell his car ... what makes it unique is it has the six speed manual in it. he thought it would be a simple trade in ... it's been a crash course ... in how some dents ... can never be smoothed away. basically the other driver came right in and hit this area here. it was the last snowstorm of the year. a driver trying to make a right turn ... slid on the ice ... right into the acura driven by morgan's 25-year-old responding officer from brookfield saw. a large dent ... a dislodged wheel ... and scratches by the

that's a $15 value free. and while most programs only offer a 30-day money back guarantee, we're going to extend ours to a full 90 days. that's right. you're not satisfied for any reason, you'll get your money back, no questions asked, guaranteed. but you get to keep tai cheng for travelers and golfers, his special strength-training band, plus his feel better food plan as free gifts just for trying tai cheng. that's a $60 value free. and because tai cheng is not available in stores and never will be, you must pick up the phone now to save $20 on >> i've always been active all my life, and now the last couple years i did something to my neck. and it is sore, and it is stiff. the lower back -- it's sore. and even my ankle's acting up. i love playing golf. i can't play anymore. i've used everything -- medication, heating pads. nothing works. i hope tai cheng is my answer. so, i started doing the exercises, and the first week, i could see the improvement. you can feel the stretch in all parts of your body. he wor

there is obviously added value. and that added value is convenience.t is the ability to make a playlist, share a playlist with the outside world, organize your music library, it's all the things we help to surface music that you would not have known about. emily: how does spotify get over its taylor swift problem? it's not just taylor swift. adele and others. how do spotify get over this issue that artists don't want to give their music away for free? would spotify consider a paid tier? sean: there is a big difference between artists who these days make their money primarily by touring and doing ancillary things. they get a certain amount of money from subscription services. download services aren't doing so well for them these days. they get a little trickle from youtube, which is really nothing. but the branding opportunities, the opportunities to stage large scale tours -- because the touring industry is so healthy -- that's the bread and butter for these artists. now, artist management is a different story. artist management, these are, many of the

that's why the world needs our values more than ever.ause] a campaign to believe in become a catalyst for change and economic and political freedom in a world that is losing confidence in those values and of course there are those that would say that we are too small or reduced to have that influence and they challenge the party where they want to abolish our armed services and keep the kind of job creation program into the whole nation is turned into a component firing grants. [applause] i don't pretend that it's something we are not. you could accommodate so it looks like something out of the card machines. [laughter] i sit at the desk and reflect this degree c. plu very seat wae center of an entire to seven times the power. and i can't help but remembering this country over the past two centuries has directed the invasion of 172 countries that is most of the members of the un which is not a point a major bond in the general assembly. [applause] those days are gone forever and it's a profoundly good thing they are and it would be a mis

does the candidate represent your values in 2016? hillary clinton doesn't represent my values. donald trump doesn't represent my values. i have been looking into the other candidates. i have not close the door on the other candidates. there is still some time left. i don't look for values to national politics. i look here at home. i know many people have struggled with this issue in the presidential. there's been too much focus there. i ran for congress not to play in the presidential race but to do what i could for utah. six generations of my family have called this place home, seven if you count my kids. i have said i am voting for my but i have not, endorsed any candidate, i am not participating in any race. i don't look there for values. i think of people like firefighters who have endorsed my candidacy. those are guys who run to the problem. if we had more of those values in congress, if we could roll up our sleeves and get the job done, that's the kind of values we need to take there. i think of teachers who are struggling. my mother was a teacher. she put her heart and s

that's where the real value and business value is created.here's a service -- this is the most important and this most valuable layer. this layer makes the decision based on the information through all of the sensors wearables and all these things you have to make a decision what to do with it. it's not a visualization. you have to take on action. when you take on action, that's where 90%, more than 90% of the value the systems is realized. if you look at the information flow, it's not just the monitoring, actually, is also taking action, meaning that you are coming back. i'll give one example, about 16, 17 years ago at mit they developed a ring sensor. it's a finger ring. you have batteries, a cp. you have wireless, you have optical sensors. it detects vital signs, heart rate and blood pressure in a finger ring and you carry it 24 hours, wherever you go, if there's seems to be a problem, then you get alerted. >> tles a echnically, this is r tough to put everything through this small ring and then actually, you know, go first, most of the cus

buffalo wild wings, anybody see the value in that? >> i do. in the valuation, not a lot of value.re is a lot of pressure on the whole fast food industry. commercial real estate is a big deal right now. food costs going higher. of. >> gold continues to slide. let's get the options action on that. mike has the latest here. you see down side in the pits? >> yeah, four times the average daily put call, and actually what we saw were people rolling into the october 1 at puts, paying 40 cents for those. of those are bets that gld could be down another 3% in the next two weeks. >> mike co from austin, texas, with the options action full show friday at 5:30 p.m. >>> next, "final trade." stay tuned. i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive...

he threatened the family values wing. they are closely aligned with evangelicals.t his past current revelations about his sexual behavior undermines -- what i find so amazing is that the event a local wing that was so powerful and had its place in the republican party has been pushed aside. there is a division in terms of how the voters who want to support donald trump, they may identify themselves as being religious but that is not the attraction that is driving them to support trump. >> i would like to piggyback. survey, we in the were trying to model and develop models to predict support for trump versus support for clinton, education came out as a primary factor. it wassecondary factor, not whether or not someone was , it wass or religiosity whether they defined themselves as religiously conservative that placed them in the disinherited and made them more likely to support donald trump. among people who call themselves religious moderates, we will -- we were not sure what to do with them that we had another question asking people whether they consider themselve

are the driver the in lui fees depending on the values of you are talking about product the land values should go down and rents are hot and land values have justify to the market what has happened of a san francisco smoothly out almost everywhere in san francisco it is less of a differentiate if i want to generate lwv the fees and actions to certain areas like visitacion valley actually might have a motivating effect. >> okay quick thank you one more question mr. cohen if you don't mind one more question as of right thing is kind of interesting we've heard about the 250 one erica i comment on that versus this program where we made or missed the mark you brought this up. >> yeah. the calculation for asking me to claesht to recapture the density bonus program is the mathematics we need to get into but the situation is now deft than 6 months ago is that the state density bonus is an entitlement there's nothing our aspires at city hall can do anything about the developer demands it and gets it that's the 2505 that of sponsored by a person out of santa monica we were active and fortunately

clouds will build in and out today and tomorrow with high temperatures increase to above normal values through tuesday of next week. today, highs will range between 85 and 90 d sunday and monday between 97 and 92 degrees. the clouds moving in and out of the area are com ing from the south. high pressure is pulling in some left over monsoon moisture high temperatures will begin to fall back to normal values within the mid 80s as we hurricane matthew continues to slam the carolinas bring in massive storm surge from the atlantic. its current status as of 5am with sustained winds at 105 mph hurricane by early afternoon on the east coast. this morning police are looking for -3- people..... who terrorized an elderly woman at her apartment..... near maryland parkway and twain. -65- year-old cristina balgos was by herself..... when several people broke in... tied her up... and then robbed her. we spoke to a neighbor who says... just hours before the attack... he got a strange knock at his door.... and... was later confronted by -3- men.... in the parking lot. sulaiman hinton / neighbor because

value as jewelry.gold is valuable because it's really jewelry. thus money is valuable because it's jewelry. my friend richard said, no. jewelry is valuable because it's really money. and why is money valuable? money is valuable because it's time, it represents time in the economy. when you have zero interest rates you're essentially slowing down time. everything slows down, nobody scores. everything slows down when the value of -- interest rates are zerred out. that's what forces entrepreneurs to prioritize, to invest in one thing rather than another. without interest rates and this is really the vision that currently governs the fed. this is why the return that we say to gold is to critical because gold is really time. as the technology for extracting gold has advanced it has become more widely distributed, deeper and so essentially the costs, the time to extract the gold has remained reasonably constant for centuries so gold has become the source of time in the economy, measured through time and this

the value that we care about is the value we're driving for customers.naged more than hundreds of billions of dollars for our customers, saved them over $8 billion on the coupa platform. that's real value. that's what we care about. i say that on behalf of myself and all my coupa colleagues around the world. >> rob, we asked new tanix and others about the importance for investors about profitability given the successful ipos and lack of profitability. is it a clear green light to go ahead and continue to burn cash at least in the cloud? >> i think it really depends on the markets you're going after. we're going after a huge total addressable market, managing our growth very carefully. every dollar -- for every investment dollar we've earned we've created more than a dollar of recurring vef knew. that's how we look at this business. we're getting going in terms of the opportunity set and i think every ceo has to make those decisions for himself. >> that dollar you're creating in recurring revenue, recuring a key word there, quite a debut you've had so far

i mean, foreign policy is a combination of interests, values.elded like that, but not always. sometimes interests are of far greater importance to a particular moment and you may have tension with the values because of the level of the interest, or the values may be -- i mean, the holocaust or rwanda or -- which is also relevant to the debate about syria, by the way, is the killings and the torture and the barrel bombs and the gas. steven: so you put syria in the values category more than the interest category? sec. kerry: it's both. no, no, no, it's in both. we have both. we have huge interests because of the stability of the region, because of the need to fight against extremism, the need to prevent the country from breaking up and having a negative impact on all of the neighborhood, including our ally israel and jordan and egypt, so forth. so there are a lot of interests there, but there are also values, obviously. and what i'm just trying to say is you have to get a sense of the import of all of that-- steven: so what's the john kerry secret

what's the value of a walk in the woods?he value of capital is to create, not just wealth, but things that matter. morgan stanley >>> time for unusual options activity. doc. >> okay, comerica, cma. i love following people who are right and this trader, whoever it is, anonymously, is right. back in may, they bought the january 45 calls. bought about 8,000 of them. today, they sell them out. take a nice $2 profit on that move, which is pretty nice. and put the money back to work at the 50 strike out in april. so, this is not "fast money." this is a little slower, but none the less, big, profitable trade for somebody. i bought those calls. >> pete. >> we've been hitting energy nor a while now. look at wieting petroleum. pll. they were buying the november 10 calls. today, they're buying about 530 o of the november 9 calls. i'm in this trade as well. when they hit twice like that, something's going on. i think the stock's breaking out. i think the stock has plenty of room to the upside. i'll be in there for a couple of weeks. >>

how do you value this company?18, it will be close to $10 in earnings and i think it is safe to say that a 15 multiple is a reasonable multiple on that. the core issue is that there are disco forces working. intensenvestors' focus. there may be smaller groups that think they should be a platform with a 25 multiple, so they end up where we are at, right now. over time, the multiple does go higher in the reason is getting a greater multiple that should move the multiple up. david: thank you, so much, gene munster. we have some news coming out of south africa. jonathan: south africa planning 43 billion rand in extra taxes. tightening up the budget in south africa, what you see on the screen is a south african rand that is paring some of today's losses. dollar is unchanged on the session. let's get to and love for the out -- headlines outside the world of business. ; phone trump has a narrow lead donaldabout: -- emma: trump has a narrow lead over hillary clinton in florida. the own trump is getting support in florida f

>> i'm not saying i share values with anybody. i'm saying mr. trump is the person that -- >>ia just said, congressman, the american core values that we have to protect those and defend those. you're saying he gets what those values are and you must agree -- you have to own the totality of the person. you don't get to support part of somebody, you have to support all of them, right? >> when you look at our core values. our rights come from a creator, not our government. our founding principles that we are all created equal and that's held together by the constitution. so, who's going taproteo protec. ? hillary clinton has a projection of her ideals. she thinks government is the solution. she thinks government-run health care is the best way. she'll go after your first amendment, second amendment and we're seeing that in congress now. i don't have time to go into that at a future date. the garbage i see coming out of congress as far as what we're trying to stave off and then i see donald trump will stand strong to protect those, those rights that

they run on iowa values. there's not any iowa values connected to the stance that grassley has taken in his role in the senate. >> host: a toddler isill give hm demanding money i've got my wallet but i'm married to sisters never actually money in there. as my teenage daughter likes to say, i can't even. someone please point me to where the tidal wave of the toddlers with ak-47s might be so we can give them some safety locks. >> host: to his point on the senator grassley and the senate race not only what's going on in iowa that the potentia the poter the democratic power. >> guest: i think it is likely. there's been one time in history that we have seen a political pl party not survive a monstrosity at the top of the ticket. the reason they survived that i twofold. he was losing it for a lot of different reasons than donald trump. there's a lot of people that admire him to this day and they were still relatively high. the nomination didn't split the party and it threatens to split it irrevocably going forward.

that real estate on your phone has a lot of value. having that beach front that twitter, pan dora, facebook has, has a lot of value. >> to be continued. >>> up next, donald trump turning his fire on paul ryan and the republican leadership. details when we come right back. there are many things you don't want in industrial strength- (smash!) like an administrative assistant. your 3 o'clock is here. but there's one thing you do. it's called predix from ge. the cloud-based development platform that's industrial-strength strength! >>> worst day for the nasdaq, down more than a full percent. >> yeah and donald trump lashing out on twitter at paul ryan and republicans who won't campaign for him, saying, quote, the shackles are off. john harwood is in washington with the latest. john? >> it's just getting more intense. anyone who had the illusion, perhaps earlier in the campaign, that donald trump was going to get to the end of the fall and see himself as a player on the republican team as opposed to a player on the donald trump team, that i

that's where real value and business value is created. on top of that there's a service layer.t important and valuable layer. this layer makes a decision based on information collected. you have to make a decision what to do with it. it's not just visualization, you have to take an action. when you take an action that's where the 90% of the value of iot of the echo system is realized. the information flow is not just monitoring, also taking action, meaning, you are coming back, closing the loop. i'll give you one example. about 126 or 17 years ago about 16 or 17 years ago at m.i.t. they created a ring sensor to detect vital signs, you know, heart rate, oxygen, blood pressure, in a finger ring. and you carry it 24 hours. wherever you go, if there's any problem, seems to be a problem, then you get alerted. so that was back in 2000. great job, right. so, you may ask question, that's a great idea, i want to give it to my fiance for my engagement ring, why can't i buy it from tiffany, right. yeah there's a technical issue. it's extremely tough to put everything into a small ring and

as we move into mid next week, high temperatures will begin to fall back to normal values its current status as of 5am charleston, sc and is expected to downgrade to a cat 1 hurricane by early afternoon on the east coast. this morning police are looking for -3- people..... who terrorized an elderly woman at her apartment..... near maryland parkway and twain. -65- year-old cristina balgos tied her up... and then robbed her. we spoke to a neighbor who says... just hours before the attack... he got a strange knock at his door.... and... was later confronted by -3- men.... in the parking lot. sulaiman hinton / neighbor 08:30:11 i think that they soft. because you tried to aim for an older lady who can't help herself, when you seen me, you didn't do nothing to me the victim was taken to the hospital to be checked out... and.... we're learning more about the man accused of killing another man while ransacking a home. the attorney for james farr says his client has severe a-d-h-d... which some experts believe could lead to criminal behavior. farr's defense team says.. for that reason.. they

what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley ♪ >> jam, baby! >> that's my ring tone. i thought it was my phone going off. ♪ take me down to the paradise city ♪ ♪ where the grass is green and the girls are pretty ♪ ♪ take me home ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. >>> in life, there's a definitive moments. you only get a few of them. this is yours right now. >> ah! >>> welcome back to

to get too technical but just on value though how do you really measure the value of services in yourt subsequent patient surveys? recitivism or what? >> the first thing we did was something very simple. in our group we measured how quickly one of our team members could get inside and get an appointment for one of our doctors. we opened up access so the first thing for us was did the patient, did the consumer see it as value? those are the things we focused on so for example these video visits we have primary care offices that run like urgent cares to keep the lower price points lower options so that if you think about that we directly focus value through the eyes of a patient, through the eyes of a consumer and through that we obviously have a scorecard that we monitor looking at how many visits can we reduce. can we get people in the right place at the right time at the right price. that's how we're looking at value. >> persons access quality curtesy. all the quality measures and stuff we pay attention to, so the parking access curtesy we're like 4.6 and the quality measures were .6

>> incremental value.ecause it adds incrementally a different group of viewers who look at things differently. people forget, facebook and twitter, just like linkedin and other social media, they're all a little different. so what i use facebook for is very different than what i would use, say, twitter for. i would never put on facebook half the -- i would say garbage, half the stuff i put -- >> not your stuff, herb, come on. >> the twitter feed of gold, yours is, herb. >> what about google? you talk about facebook is a pew play social media company. google has failed miserably at social. this would give them a mobile messaging platform. what about google? >> that's what we all thought, google would have been the ultimate buyer. even with google plus, it would have been a great stream down the side. when you look at something like tweetdeck which many of us use, that's how you can see these different things all along the side of one another. yes, google would be a great buyer. the bigger question is, if yo

and so i don't look there for value. we take our values to washington. i think of people like firefighters who have endorsed my candidacy. those are guys who run to the problem. if we had more of those kind of values in congress, if we could roll up our sleeves and get the job done, that is the kind of values we need to take there. i think of teachers who are struggling. my mother was a teacher. she put her heart and soul into her job. she used her salary to help pay for the materials in her classroom. those are the kind of people who are populating our school system and educating our system. those are values and the kinds of things i would want to take to washington. when you look at the presidential race, it is all the more important to pick the person who can go to washington and take our values there and do what is right to us. >> apparently i missed the distribution of 10-foot poles that occurred before. i have any of been with two candidates in a debate setting where neither candidate would publicly endorse the top of their national ticket in a pre

that's where the real value and business value is created. on top of that, there's a service -- this is the most important and this most valuable layer. this layer makes the decision based on the information through all of the sensors wearables and all these things you have to make a decision what to do with it. it's not a visualization. you have to take on action. when you take on action, that's where 90%, more than 90% of the value the systems is realized. if you look at the information flow, it's not just the monitoring, actually, is also taking action, meaning that you are coming back. i'll give one example, about 16, 17 years ago at mit they developed a ring sensor. it's a finger ring. you have batteries, a cp. you have wireless, you have optical sensors. it detects vital signs, heart rate and blood pressure in a finger ring and you carry it 24 hours, wherever you go, if there's seems to be a problem, then you get alerted. >> tles a echnically, this is r tough to put everything through this small ring and then actually, you know, go firs

we look at it as a value company.look at the intrinsic value of apple and it has a very loyal customer base which is growing, not at the pace we would like, but they remain loyal and to spend more money with apple on a bunch of different products. emily: i did speak with the apple cfo yesterday and asked about the samsung issue and said they could not tell how much this has impacted them. only a week or two weeks of the actual quarter. what he said is we've been seeing so many android switchers to the ios platform. presumably they will have more information by the end of next quarter. what is your take? guest: there was a little disappointment that they are not making more hey. apple can always surprise us. this could be a great holiday season for them. this is a projection. they don't know if that revenue is going to be $78 billion. it could be higher than that. the thing you have to remember is samsung is going to come back with a vengeance as soon as they can get the 8 out. in china, they have to deal with a lot of

it's a very high value produce. the abundance and variety of new produce can be seen in the local markets. follow-up studies have shown that incomes have risen threefold. and scientists p point to a m more global benefit. plants, through photosynthesis,, remove carbon from m the air, countering the effect of human greenhouse gas emissions on the climate. as a result of its success, the lessons learnt from the loess plateau rehabilitation are now being applied all over china. but could such projects work elsewhere inin less centrally controlled societies, with fewer resources and different soils? ethiopia, peperhaps more than any other countrtry, has s come to symbolize the vulnerabilility of humankind to environmental catastrophe. this is a country whose problems have been increased by war and civil conflict. and now human-induced cliimate change is p predicted toto make matters worse. as on the loess plateauau, centuries of subsbsistence farmg praactices have stripped thehe d of natural vegetatioion. the e dry gull

. >> i think there is huge value is.ou just wish the company would find a way to harvest it. >> we could come back in a couple of quarters and say that late october quarter, that was the quarter they finally turned it around. one of the things we've said is, the best thing that potentially could happen to twitter is that people walk away from acquiring twitter. if and when they figure this out i think it will be worth a lot more than $25. >> you own the stock? >> i think you have to. look, i think the risk/reward is 15 on the downside, which is percentage-wise, 10.5, 11%. whatever it is. and the upside to me is north of 25. >> let's give bob a break here from the conference call. what did you make the twitter's quarter? >> a couple of things. people thought the quarter could have been worse, the guidance is still weak. they're still calling for low single digit growth, worse than people had thought. the question is, what's next, how do you turn this around? if m&a is not on the table right now, what happens in '17? meant

that means that they have those less resources to spend on things they would have valued more than low-value health care. the second thing is that we have a major distortion in our fiscal situation, that if there is this much waste going on in the health system, then our fiscal situation is a lot worse off for not very good reasons. because the united states government through four avenues, again, the tax exclusion, medicare, medicare, is basically subsidizing most people now into the united states in health insurance. there's a lot of waste in that spending, it's putting our fiscal policy in a much worse position than it needs to be. taxes are therefore higher than they need to be. deficit spending is higher than it needs to be. people are internalizing the future fiscal disaster doug alluded to, to some degree, in their current purchasing assumptions, which distorts how the rest of the economy is working as well. so there's lots of reasons to worry about the distortions that are associated with poor allocation of resources in the health system. often the united states debates on health car

the crisis is also affecting the company's share value. the note 7 for started august 19, samsung's rockyprice has been on a ride. on september 9, it lost almost afterllion in value american civil aviation authorities issued a warning asking flyers not to use their on planes. it then lost almost twice as much on tuesday when samsung the phone.ing that was the biggest daily 2008, but some koreans believe the giant can weather the storm. >> in the long term, i think the long.ve impact not like when they launch a new model, next year, the consumers this year andings smartphonehe samsung reporter: regardless of dedebacle of the be one ofe 7 could the costliest failures in tech history. a court case against apple has been taken up by the u.s. supreme court. two lower courts ruled in apple's favor, saying samsung distinctive design features from the iphone on its smartphone. court will evaluate the value of the features themselves. the lawyers from the two sides had to say about the case. >> 11 times now samsung has been guilty of intentionally

what lessons are they learning about their value as professionals, as human beings, about their dreams and aspirations? and how is this affecting men and boys in this country? because i can tell you that the men in my life do not talk about women like this. [cheers and applause] mrs. obama: and to dismiss this as every day, locker room talk, is an insult to decent men everywhere. the men that you and i know don't treat women this way. they are loving fathers who are sickened by the thought of their daughters being exposed to this kind of vicious language about women. they are husbands and brothers and sons who don't tolerate women being treated and demeaned and disrespected. these men are worried about the impact this election is having on our boys who are looking for role models, of what it means to be a man. in fact, someone recently told me a story about their six year old son, who one day was watching the news. they were watching the news together. the little boy said, i think hillary clinton will be president. his mom said, why do you say that? this little six year old said becaus

outbody created fake value of something that did not really have value.ventually it was going to crash. it did. >> the dow had the biggest drop ever. not want to have banks that are too big to fail. we do want to have gigantic ranks because that is the only way you can compete in this world and fund companies that will create the companies that you want and a better life for americans and people around the world. instead of keeping the banks from making money and giving bones and taking risk, you have to protect the banks from going under, but not try to change them so they cannot possibly cope under because then they cannot to their function. someone finances to vomit, there is no way to create jobs, wealth, good life, good and thingsystems, for the future. >> growth is not everything but it is the source of all good things. if you have a growing economy, people are more open to corporation. when you do not have growth, , and youe competing will get more snarly, angry, probably racist, homophobic, people would use whatever emotional hooks they can to get

nevertheless, they come with a huge value. did the value of the stock just go down? we do not have all of the stops on the balance sheet. there is an allocation process. valued argue the certainly will go down following the decision today. i do not think you will see extremely high prices that have been associated with this. the prices will be achieved going forward. >> when you think about heathrow and what it will look like, they have laid out a timeframe in which they think the bill will , the commissioning of the runway behind us will actually happen. you have been part and parcel of this process throughout. >> it will take longer than the time frame identified. it is done in a way where the delivers a commitment. there is still a long way to go. i would argue a little bit beyond that. government had a decision back in 2009 2 approved the expansion fee. we are still improving today. i think there is probably a greater chance of it going ahead today. a different government and different prime minister. not as popular veteran to be a real leader. the u.k. in a diff

valuing the chipmaker at $38 billion.hen you throw in debt total enterprise value of the deal around $47 billion. the combined company expected to have annual revenue of more than $30 billion. we of course told you a little over a week ago it would be $110 cash. we're going to be speaking with steve mollenkopf later in the show about the deal, of course, which is a huge one for qualcomm chrks from the financial perspective able to use overseas cash to pay for this deal and borrow overseas and then pay down the interest on that debt with overseas earnings. that helps a lot when you can do that. >> because nxp is a dutch company. >> a dutch company. but even beyond that shareholders have been cheering this and will continue to this morning because some had thought perhaps the number would be a bit above 110 even though we told them it wasn't going to be. >> this was a brilliant deal for qualcomm which had been pigeon holed, suddenly it's the company of internet of things and autos which are the two hottest areas we discuss