i don't know how you look at iraq today and say that as a success. that doesn't mean that you need to say you need to take out and start flaunting your back in the public square. that the decisions that were made at the time were very very different set of facts and circumstances and how that interaction with america and in that area of the world would work. i don't think that it is necessary. i think that honesty at this point into the analysis of what happened and what we should do going forward is a much better and more appropriate tact. >> one of the associates at the time was that the democracy is the best system for everyone and that democratic countries tend to be more peaceful. they don't attack one another and they lead to prosperity. do you still believe in that? >> i believe in that the question is how applicable is that in the various cultures. and i think we have to recognize there are certain cultures where this type of idea is more difficult to plan and sustained than other areas of the world and so we have to be realistic in where we a

if you look closer you can see fire crews standing on the ground there trying to attack the fire with water from a fire hose. >> what we don't often see, looks like it started in the dry brush. we don't often see firefighters hustling like this. these guys are actively fighting fires. you see firefighters trying to save the structures. this is what is so dangerous, when they ask you to clear your brush, this is why. the homes are being caught up. you see the brown there, you could spread a fire, it could move. >> that is exactly what it is doing. we have a couple of homes on fire and a couple of other spot fires. this situation getting worse by the moment. we are learning the homes that are on fire are east of 680. this is during the evening commute. traffic backed up big time now on 680 in the area and now as news chopper 2 backs out you get a sense of how much this fire has spread. we have one fire in the bottom there, another on the top left, another on the top right. >> we are seeing this for the first time. it is flat. yao not see -- you are not seeing a lot of trees. we saw this

i think if you look at least smaller nations the world means a lot more because they're not so. loyal to their clubs as they are as christianity or now there's a new line of messages they fly a plane champions league in the big leagues the welcome isn't party quite important if you look at it like us to really care this is the pinnacle of their career and it's that chance for themselves in the shop window i think it means a lot more often than not used to playing in search global audience is as a sort of top premier league players are players are playing spain says i can addition really isn't that or if you're looking for a pay rise or a promotion you can rid a and put yourself in the shop window as it were for these global big club managers but listen tell me david in your opinion all these wages i'm talking the fifty million pounds a week that a lot the premiership has iran is it excessive is it too much because it does say went off a lot of money doesn't have to conform football around heads yeah i guess you could ever justify someone earning that soft money but in a way ever

you have to look at the actual structure. nce you have a structure than the second thing about writing a book and it's an african proverb if you want to e an elephant you have to chop it up into little pieces. once you have the house and with a book like that they think you were slid out of thin air. it took six years. i was thinking about it before. let's go your ph.d. was in economic history. >> guest: that's right. when i spent my year abroad in boston these thoughts have been evolving for quite a while. i never was interested in gold and being from the african continent my home country was the gold coast so there were signs that interest in looking at politics in terms of finance and i worked for a bank for eight or nine years. all of that came together and i gradually took a gradual approach in writing the book. when the book appeared they said how did you do that? it must have taken me three months must have taken a three month but ask it takes a much longer time. >> host: did you have a routine with a certain number of

you look at a lot of these companies, they were beaten down. look at the valuations, now they've gotten themselves probably stretched as well. that's still an area everybody's targeting because of the yield. >> so i think everybody here on this desk will agree that there are ways to play within the consumer space that aren't necessarily broken. so what is the trade? tim? >> well, dan is picking up a good point. consumer staples are still rocking. they still work. kimberly clark, kmb, companies with global growth. coca-cola, which was beaten last year and wasn't exciting because they're not growing their top line is a valuation story. >> so if you want to play those, and you're worried about housing, just short itb, the construction. that's your hedge right there. if housing is indeed slowing down, it's going to take a while for it to feed into some of the consumer stocks. so short itb. >> if i'm just looking at consumer, i actually think that the ultimate consumer stock is apple. i think if you get that pullback a lot of people are looking at th

they have other areas that will isht be seeing if bouygues looking at team you go with the number oneyer in france. not the number four. it would have regulatory concerns. bouygues is looking to hook up with sfr. they need to invest. and gettingok at 4g better networks and that cost a lot. the most pick are up in m&a this year. >> thank you. caroline hyde. iran and turkey get a deal on gas. see you in a moment. ♪ >> good morning. welcome back. you are watching "on the move." i am guy johnson. let's take a look at the markets. a down touch. not everybody excited about a drop of 0.2%. looking at elevated levels and elevated valuations. bank of ireland and down. what stocks are moving. caroline hyde will stop over to you. >> thank you. those two stocks without what is driving the market. 1.3%.es down by orange is down. -- in them cup telecom sector is trading lower. .liad looking to buy bouygues it isnk -- it thinks worth 5 billion euros. is 8ouygues thinks it billion euros. the deal may not get done. about communications. paying for your coffee and a your and tube ride using metro. chin

is saying you look at property, mining and steel. that is where you have the worst credit quality because that is where you see a lot of these earnings coming lower. lower earnings and lower returns on investment. i mentioned the number of defaults we have seen. a lot of downgrades as far as credit ratings are concerned. if you look at the first five months of this year compared to the first five months of last year, we went from 15 to 20 this year. that is as far as downgrades for the credit outlook. actual cuts,t the we have gone from 13 to 17 this year. if you want to interpret the numbers, if that was bad, wait until june and july and in the coming years. that is when you will have the snowballing effect. as you have these yields between a lot of these top-rated and lower rated companies, that starts to widen because what loosening has done on reddit is help bring down borrowing costs for the top-rated firms but further down the line the spread is actually widened. we will be getting growth -- growth rates of some 20%. that means

looked. to me. capital coming up if you officials throw balls in the south stream pipeline u.s. energy plans russian shoppers foreign pilots to fly russian planes right expenses and off area in princeton cabbie he'll be here a little later on that's all to calm. the world cup sadly from a england is out of the competition on the twenty ten champion spain they're also out but despite that it monita the spanish team is still the most more than nine hundred million dollars just that that's almost ten percent of the market value of all world cup play is this is partly down to competition success from madrid they won the champions league this year while the national team triumphed of course in twenty ten at the world cup in south africa curve course we also have the european successes as well euro two thousand and eight twenty twelve unless there are we've got germany brazil but unfortunately england and italy they are our book big money spending it on the other end of the scale there's doris at the bottom just here with thirty one million dollars but these thieves these four teams j

look 59 the chart, not -- there it is. you can see the 50 day. pulled up above now that's going to be an area of support. so as we look at are the chart, that how it stands out. >> 50-day moving average looking at mbia? >> now the options. see the activity. november 15, calls, scott bought early thitsz morning around the 40 set level. very large. you can see starting to move to the upside. we hate to chase options, scott. when we see a move like this, you can -- >> the span of a week? >> yep. see where we're going. it moving rapidly. now they're trading higher than when they initially name to buy them. the last chart, you can see why maybe they're targeting these november 15 calls. by the way, with those calls, scott, they were selling puts to the down side. we wanted to focus on the calls. you see calls bought, puts sold. somebody with a very bullish bet. 5,000 of those traded. this is a stock breaking out towards that $15 level. >> you in it? >> in the name. got the options. got in today with everybody else amp they started to show up. i think i

you look at pe and it scares you and the margins. i don't think you have to chase the stock. >> so you fade the move? >> i'm fading the move. >> as amazon hints at a new smartphone microsoft could be trying to expand its share of the market. outperformening after three years. let's bring in senior analyst at capital market. you upgrade the stock now. it's moved up 32% and that would imply a 20-something percent move to the up side. what make you more convinced than ever that microsoft will do something and gain traction? >> it's more about office 365. everything we see on cloud signify the turn-around. we can view $4 billion to $5 billion revenue stream and what is starting to do on mobile and turn around. we can see an incremental 40 cents to annual earnings. that gets us positive on the name here. >> it's about office 365 on mobile devices and whatever they traction they gain in cloud because you say microsoft is on the heels of amazon web services, that's further upside to your scenario? >> yeah. if office 365 takes off, i mean th

as you look at the field today -- we are a ways out -- but if you look at the field today, with all of the prospective candidates, i don't know any one of them that isn't pro-life, pro-family, pro-marriage. i am pretty confident about the republican nominee. >> by pro-marriage, you mean anti-gay marriage. >> i mean pro-traditional marriage the way it has always been defined. in all but six states, that is how the people have expressed their will. this had been imposed by judicial fiat. >> public opinion has changed dramatically and young people are overwhelmingly pro-same-sex marriage. >> they are. a lot of people who in the 60's and 70's were protesting the vietnam war and for legalizing drugs were voting for ronald reagan in 1980 and 1984. >> you don't think you're on the wrong side of history? >> not at all. as a political operative, not as someone who feels that way about the issue. people are overstating the polling. you look at the poll that was done about three weeks ago and the voters who are likely to vote in battleground states and districts in 2014, it is 52-48 on my side. f

if you were to look at this top and you were to look at where we are now, this is exactly 28 days down, exactly 28 days back. we've returned, if you will, to the scene of the crime. this is where the stock really plunged and now you've returned to where there is memory, which is to say dead bodies. people who bought poorly, endured a lot of losses, and now have the chance to get their money back. so the presumption is that ricochet of 45% has reached a level where it stops. we would faded move. here is the same chart. remove the drawings and look at this. broadly speaking, if i were to give you a trend line of sorts, we've come back to the throat, if you will, meaning the underbelly of the trend line. that's also a difficult level. now, finally, let's say ultimately this is going higher longer term and ultimately you were to call this an epic cup and handle, yes? a cup and handle forms and when it gets to the stop it consolidates or backs away a little bit ever ultimately going higher. we think we're at the moment. we would fade this stock. too many sessions up in the row. take your pr

say capitulation, i would say if you look up the definition of falling line. see them with a man purse. >> it's a satchel. >> they cut their guidance, it's a total disaster. down eight straight weeks. you can't buy this stock. i'm seeing price targets with a 20 handle. >> analysts missed the whole thing down from here. >> that doesn't mean they will be wrong. >> let me bottom line this for you. coach is in big trouble versus their competitors, the dividend is not sustainable, it's trashed. >> the bear clearly won according to the people voting in realtime. you voted in realtime that josh brown, the bear on coach won 64% to 36%. once you get in this fall, in this spiral, it's hard to get out of. there is likely more pain ahead for coach before you can reverse it. the people voted with josh, who you do vote with? >> i think you have to pay attention to the analyst community at well. i'm not saying it's the -- >> we're not debating the analyst, we're debating coach. >> i'm not saying it's the bottom, but i would be more apt to make a decision. we argued against mi

are of us in it if you look at if you look at shows like the story of the celera report or shows that have really tried to tell people what's going on and keep them employed into reality as opposed to official reality you know the aggregate market share is shifting and it's shifting the content on traditional media and traditional media is. scrambling to catch up with the story so it's going to be very interesting to see how that plays out but i you know to me internet media and new media is grabbing tremendous market share and i think that's going to continue because i think the pressures on traditional media to tell the official story you know they're economics are not the economics of their organization their economics or promoting what is in the best interest of you know the people who own their shares so i remember once during that ninety nine hundred ninety s. being frustrated i had a friend who was he had been the head of or sort of chief of staff to one media mogul who would constantly edit their nightly news stories you know because he didn't want to upset anybody in tim

what risks to the rally are you looking for? let's first start off with rebecca. what do you think? everybody is pointing to things like the vix at seven-year lows. low volumes on the excha innges >> there's always risk out there. the vix this low could be a sign that if there is some shock, we're going to get an outside short-term reaction. but in general, i think we're in a low vol regime. it's not unusual at this part of the economic cycle. we have a lot of liquidity still from central banks. and we have rate and inflation stability. at least for now. that might be the catalyst for this to change. but for the moment i think low volatility can persist. and i think equities, we're seeing data that suggest they can go higher. just looking at today. consumer confidence in home sales, just two more data points i think in a spring of data points telling us that the u.s. is healing. china's pmi that came out sunday, a stable china. a better u.s. better although in a relative sense, europe. i think equities should go higher. >> shouldn't we be worried we haven't seen a correction in, wha

you look at folks who say this person didn't do very well, that person do very well. it's hard. with you don't try this at home. you look at candidates who sort of dropped in, some like rick perry last time sort of dropped in and found out wow, we are not in texas anymore. this is a very tough environment and its day in day out you've got to be mentally and physically and emotionally prepared for it. you know, i guarantee you that two years from now when you're looking at the republican field use energy, that was quite a good estimate as we thought it was going to be. because it's a hard thing to do and everybody, everybody has faults, everybody has weaknesses and vacation very clear in a presidential race. >> host: i'm sure you will say this isn't true but my perception after reading this book was that you had some measure of contempt for mitt romney. there's talk now his aides, a couple of his aides happen to know where talk about the possibility of yet another run by him for president. what do you think of that traffic i don't think i was unkind to mitt romney in the book at a

if you look over, if you look over on the right, the sugary sweetened beverages, we know the evidence is strong. sugary sweetened beverages causes cardiovascular disease. there's no doubt. we know it cause he unhealthy weight gain. we know it cause he metabolic dysfunction and we know it causes type 2 diabetes. the signs around this is science that's been growing immensely over the past 5 to 10 years. so, now we actually know a tremendous amount. the most important thing you realize is all of these things are interconnected. on the right-hand side -- sorry, the left-hand side, i'm going to summarize a few key issues. the first thing is when you drink liquid calories, your body does not know you received those liquid calories. you are not full. which means that you will not eat less in the subsequent meals. the second thing is that when you drink sugary drinks, you have spikes in glucose and insulin which result in fat storage and increased hunger, and over time leads to insulin resistance. and the last point i want to make here is that the fructose part of sugar actually causes proble

you look at a yelp, groupon was up today, but if i was a ceo of yelp, i would be looking around for somebody to take me out. i don't know if you're going to buy them, you have to probably do it through options. i think there's going to be a lot of options but i would buy yelp call-ups. >> the theme following this deal is localizing. localize wherever the user is. if you're a priceline user, you need a restaurant wherever you're going. you need a localized sort of -- >> partner. >> exactly. >> groupon has been under pressure, down 47% year-to-date. if you look at the chart, this is one that not whole lot has to happen across the tape. you get one sniff of anything positive coming out on this, and this thing spikes dramatically from a point of reference. obviously you're talking about stock with a six handle on it. i'm not crazy about the name, just the environment. >> you have to think about open table and the number of shorts that had been in that name and how they are just squeezed ruthlessly by this deal. >> 14% short interest. you wake up and it's up what is it 40 something. >> 46% premiu

what are you looking to showcase? >> one of my favorites is "freedom writers" with hilary swank. have a lot of sports films. it is about coming together. teambuilding, overcoming adversity. >> could you identify based on your own career? you started acting at a very young age. you want a big contest. that must be someone else. what did you learn from going through the process of selecting this movie? >> i was trying to base my decisions off of a strong story and strong characters. i always crack the character arc, how did they change from the beginning, the middle, and the and and how does this character grow. it goes from generation to generation. kids can watch and i can show my kids and i will be proud of it. >> what are some of your favorite movies that will be part of this? >> "october sky" is one of my favorites because it is encouraging kids to receive science. another one is "great debaters," " in pursuit of happiness." all of us are great. but how do you obtain these rights? >> is a big day because we now have five significant movie studios that are behind us. we don't h

you look at risk weighted assets. 40% of your score comes from not. you have nonperforming assets as a percentage. it is reserves. and then you go for -- >> it is the quality of your ability to look at -- >> how strong your balance sheet is. , it compares -- >> with investors say that would be there number one criteria? >> we're not talkingabout the one with the most explosive growth. those tend to be those banks with the aggressive expansion policies. which is why you do not have an investment bank here. switzerland is there because they started to include private banking as well into this pool that we look at. >> david, thank you so much. you can read more about the world strongest banks in the july-august edition of "bloomberg markets magazine your ." my next guest has a buy rating on hang seng. ♪ >> world strongest banks certainly had humble beginnings. we take a look at the origins of hang seng bank. ♪ ♪ .> had our next guest joins us good to see you. as you start your day here with us. seng, you buy on hang say that it is the jewel in the crown o

homebuilding last year but it's flattening out the you know people keep looking at. the home building statistics for instance and you see all those charts and you say well we're climbing back and i'm going no where we should be. and that means we have a growing economy with with household formation and you have to replace some of your homes over time anyway and that's about where we are we've got three million too many homes and the bulk we more or less absorbed most of them the big bulk of them so now we're just normal house building well. we do that i mean the because if you lose to be part of me it's just going to be there. so we're reset it to kind of normal standards and we're going to have to create a new little bit was built care. will grow around that because we were part of you doing fine but that's what you look through that's why you don't get this four percent. compound group that was john mauldin of malden economics. time out for a very quick break but stick around because when we return did not know render a is on the show to be as the founder and c.e.o.

in the longer term if you look at in large mint and particularly the accession which took place in two thousand and four when many of the states joined you this is very very much tied up with nato expansion indeed it is very much a part of the whole package are we supposed to be sold a package of which is about freedom and democracy moving eastwards rights for minorities which of course is ignored in some countries where for example in hungary we now have very strong right wing party which which is extremely hostile to various minorities but this is a sort of package and i'm afraid that the military aspect of of the is something which is which is growing here and we have to remember that when the started right back in the nine hundred fifty s. it's a regional aim was as was as a defense force in europe that. for many. it's main economic role but there's no question in the last decade or so that military role is becoming more and more important. it's becoming more and more you use it in washington you know pushing washington's man right now how far are they going to go to defend him bec

this had been imposed by judicial fiat. >> you look at polls and you are a student of history.ublic opinion has changed dramatically and young people are overwhelmingly pro-same-sex marriage. >> they are. but a lot of people do in the 60's and 70's were protesting the vietnam war and for legalizing drugs were voting for ronald reagan in 1980 and 1984. people change. >> you don't think you're on the wrong side of history? >> not at all. and i will tell you something else, and i mean that -- as a political operative, not someone who feels that way about the issue. people are overstating the polling. you look at the poll that was done about three weeks ago and the voters who are likely to vote in battleground states and districts in 2014, it is 52-48 on my side. furthermore, this issue is tough to poll. remember, in north carolina, when they voted on same-sex marriage, there was a college poll that showed that traditional marriage would win 51-49. it won 61-39. >> you think the opposition to same-sex marriage, the support for traditional marriage might be a plus for republicans? >

in the longer term if you look at a large amount and particularly the accession which took place in two thousand and four when many of the states joined you this is very very much tied up with nato expansion indeed it is very much a part of the whole package or we're supposed to be sold a package of which is about freedom and democracy moving eastwards rights for minorities which of course is ignored in some countries where for example in hungary we now out very strong right wing parting with which which is extremely hostile to various minorities but this is a sort of package and i'm afraid that the military aspect of of the is something which is which is growing here and we have to remember that when the started right back in the nine hundred fifty s. it's a regional aim was as was as a defense force in europe that. for many. it's main economic role but there's no question in the last decade or so that military role is becoming more and more important. he's becoming more and more used. in washington you know pushing these washington's man right now how far are they going to go to de

when you look at those companies, you look at a company with real assets. i've got some of the most trusted brands in the united states being around for over 40 years. i have got strong cash flows and to write off a company like that i look at is incredible. this company has great assets. >> that makes our first top trade of the day. >> steve forbes said basically the same thing. in the times space, the panthian of time stocks. >> panthian? >> like that. >> you know what's funny, is people at home might think i'm calling for that. which i'm not. it's gratuitous and unnecessary. >> it's showing the value of their brand. >> can you put a chart up of twx. twx in the time space is where you want. >> but not time inc.? >> not from me. >> amazon jumping into online payments. grasso? >> 40% of their sales are as the middle men. they make a fee off this. this is another example of how you're going to use amazon going forward. their cloud, retail, streaming. you could make a case being diversified is owning amazon and google. i think the stock still performs well. >

now, you look beyond the numbers. ok at these different ones to get a gauge of where things , and output is quite good. manufacturing output, and new orders were also higher. but we talked about this. employment dropped a little bit. it is still showing some contraction. it could mean that they are more productive. >> right. >> also, it could mean when they were surveyed, the hiring managers, do you plan to hire more people, most still said no, and perhaps that shows a little bit of concern still, whether or not this data will continue. the planning of the business, as well. now, we talked about the support measures from beijing. >> yes. >> is filtered into go beyond the bigger companies to the medium-sized companies. the fastest pickup of pmi, 51.4, but -- >> that is a good sign. >> it is, it is. you have a lot of these measures targeted to smaller companies. >> it shows it is working. it isis working, but still not getting to where it is needed, and the smaller companies have been troubled with debt, whatever the pro

so if you look at it, what is it telling us? g us malachi is probably going to make a deal with the sunni, a shiaification of iraq, if he does that, you will see a leveling off of crude. it might raid down to par again. it's definitely the move he is telling us, things are getting worse not better if iraq. >> scary numbers how pence trading is on the street. why it has a move in the options mark t. details later on. plus the future of bitcoin and regulation, why one regulator is working with bitpay, we will sit down with the new chief compliance officer tim byaf later on. [ both ] when we arrived at our hotel in new york, the porter was so incredibly... careful... careless... with our bags. and the room they gave us -- it was... beautiful. a broom closet. but the best part but the worst part was the shower. my wife drying herself with the... egyptian cotton towels... shower curtain... defined that whole vacation for her. don't just visit new york. visit tripadvisor new york. [ male announcer ] with millions of reviews, a visit to

how dowdy you look in them, though. and stuff to look good with them, hoda. no. you can't even get the front part of your foot in it. >> you know what? >> they're so sad. >> first of all, they don't make the right sized shoes for big girls. okay? anyway. >> we need you guys to cook with us. we're making all kinds of waffles next week, but we want your input. okay? >> go to klgandhoda.com and vote. >> so you asked for it, two brave guys are going to get ambushed by louis and jill. wait until you see their hot new makeovers. >> and emmy and golden globe-winning actress america ferrera sets out on a new adventure. >> we're going to tell you what it is coming up right after this. >> and my friend abigail spencer from "rectify." big show. the lowest price book any flight or hotel and if you find it for less, we'll match it and give you 50 dollars off your next trip expedia, find yours jim's hair is perfect. so's his serve, and his mandarin [speaking mandarin] xieúxieú, hou chiú but like up to 90% of americans, jim falls short

the industry is continuing to shed a lot of it's underutilized assets. 46.4 there. ,nd you look at inventoriesteel, that is piling up in factories, so what you have in terms of the imports for raw materials, like iron ore, that is not budging. we are seeing contraction on that. and iron ore mining companies have seen a bit of a slip. about metals, just very quickly, gold, they are down about one quarter of one percent. this is about a four-month low for gold prices. silver, about 4/10 of one percent. or the first time, trading below $19 per ounce. this is the spot price, by the way, and copper, there you go, up about half of one percent. >> that is what we have right now. david, thank you. say theyean companies are becoming increasingly pessimistic about china, suffering from the golden age for multinationals being over. we spoke to a president who talked about what was dragging sentiment down. it is surprising to see that this is a game changer. we are now down to seven. and this is more than i thought slower growth if it >> planr, struggling whatdown to 17% from 41% is going on? that.hink pe

if you look at the price of mansions in london and if you look at any ranking of billionaires across e world, everybody can see that the top of the wealth distribution has been rising faster than the average wealth in britain. if you don't see that, it is sad for them given what they are supposed to be good at. what we don't know, what we see at the very top of the wealth distribution for billionaires also applies for people who are rich but not billionaires. people who have 5 million pounds, 10 million pounds. if we have had information, you want to take something positive, is that indeed we know too little about wealth dynamics. in a way we know more about wealth one century ago, when the data we had is better than what we have today. today we have a big problem with financial opacity. we know too little about cross-border assets. who owns what. the good news is that we can make progress. five years ago, everybody was saying that the bank of switzerland will be with us forever. there have been some sanctions and now we have more financial transparency. the main reason why i am in fa

>> this is definitely you want to stay long that call and look to spread it. look at what facebook did after it bent right into the seller, when it started to rebound, it recovered strongly, a lot of people bailed out soon. >> on a fundamental basis, we have the management basis that could more tend good user engage. . we have these world cup pages carter on the technical side, what do you see? >> after the unlock, right, all the shares, you are encountering now where that event will occur. you returned to a considerable level of all red supply, basically 3940. so we would be inclined to not get along here. >> coming up federal governmene for intel. one trader thinks it can get even better. find out why when "options action" returns. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. [ bell ringing, applause ] five tech stocks with more than a 10%... chang

in the longer term if you look at a large amount and particularly the accession which took place in two thousand and four when many of the states joined you this is very very much tied up with nato expansion indeed it is very much a part of the whole package are we supposed to be sold a package of which is about freedom and democracy moving eastwards rights for minorities which of course is ignored in some countries where for example in hungary we now have very strong right wing party which which is extremely hostile to various minorities but this is a sort of package and i'm afraid that the military aspect of of the is something which is which is growing here and we have to remember that when the started right back in the nine hundred fifty six original aim was as it was as a defense force in europe that. for many. its main economic role but there's no question in the last decade or so that military role is becoming more more and. it's becoming more and more used. in washington you know pushing washington's man right now how far are they going to go to defend him because he said in

we'll grow around it because we were part of you're doing fine but that's what you look through that's why you don't get this four percent. compound group. that was john mauldin of malden economics. time now for a very quick break but stick around because when we return did not know render a is on the show to be a is the founder and c.e.o. of some zero and he's giving us his take on technology finance and the future of investment and remember you can see all segments featured in today's show on you tube at you tube dot coms logic boom bust archie and on hulu adelir dot com slash boom and dash bust but before we go here are a look at some airflows the numbers at the bell come on back about. well to the. city could spend over. says to each one. piece with some token much still to sell something peacefully to friends we need somebody such as the sun. we've got the future of coverage. right from the scene. first street. and i think picture. on our reporter's twitter. instagram. to be in the know. i think that the pakistani military does realize that the ballot on have become a problem for

plus you take a look at or around to our reality today is formed by the things that are produced for us now this technology allows you to make your reality so your imagination is the future all next on larry king now. welcome to larry king now we are discussing today the burgeoning and fascinating field of fleet printing this technology with an all inspiring range of uses from turning out plans to go to heads to printing furniture and houses and food and of the future perhaps even viable human organs here to discuss the far reaching up locations and implications of three d. printing aaron walsh director of the immersive education initiative a professor at boston college and an expert on three d. printing and john cobb executive vice president of corporate affairs as stratus one of the world's largest manufacturers of three d. printing equipment and materials will also be joined remotely by mc ever ling who used the three d. printers that create prosthetic limbs and by cody wilson who nvram a slick produced the world's first functional three d. printed gun will hear from them later on

crab cakes, what are you looking at? geico. minutes could save you fifteen percent or more on car insurance. >>> big news for tesla. elan musk opening his technology patents to developers. saying he won't penalize any other company that wants to make tesla's technologies. >> people say it's not an auto company. it's a technology company. if you think about the last decades that have been spent on patent litigation in the technology business and this guy is turning that up side down and saying yours go do it. because he believes in the future. forget about he's making the luxury vehicle going to go downstream at some point. he's one of the most inknow vative leaders out there. as far as the stock, $200. seems to be acting well. if you get a rocky summer and see this back towards 160 or 150 that's probably where you own it. >> amazon launching a music service called prime music. free for prime members paying 99 bucks a year. fewer new releases than spotify or pandora. >> heated. >> heated, wow. yeah. >> today dan proves to be -- t

if you look at japan, you have got the best earnings momentum of the g3. look at japan again. >> let's get some unusual activity. pete watching heavy call buying in what you had talked about before. >> yes. ppi. just for one second. the ewj which was another one, 500,000 plus contracts traded today. june, july calls in there. you take a look at what's going on. buying some of the upside. when you see the june 22.50 calls today. we have been seeing that going on. you look at the dxj as well. you're seeing monster activity. but the epi stands out. >> what's the view on india and china? >> i think the infrastructure in china and internal spending by the average middle class investor/consumer is very high. and so sometimes that pmi number is good to look at and good it's above 50 but a lot going on in china that's positive away from the pmi numbers. i think the hedge fund community is bullish on both and consistently short on it. but most guys are bias on both of those countries. >> next the latest details spreading internet access across the groeb and what do

what we're seeing is we're now, if you look at the past few years, for example, seeing warm records, all-time heat records, broken at 3 times the rate cold records are being broken. 3 times the rate you would expect from chance alone. that's actually like rolling 6s three times as often as you would expect. so rather than rolling a 6 one in 6 times as you would expect from a fair die, 6s are coming up half the time, so every other roll is a 6. >> is climate change happening faster than we expected? >> the current trajectory that we're on leads to the conclusion that within a matter of a couple of decades we may see ice-free conditions in the arctic at the end of the summer. this is something that the climate models predict shouldn't happen for another 60 years, till the end of the 21st century. and indeed nature seems to be on a course that's faster, that's more dramatic than what the climate models predict. we are already observing and measuring a decrease in the amount of ice in the greenland ice sheet and the west antarctic ice sheet. now, the climate models have predicted that we

yeah you know look i mean i think the american know the reality here is the reality is i think if you asked an awful lot of democrats and republicans they would agree that the u.s. has a vested interest in finding ways to maintain a red line against the proliferation of weapons of mass destruction the issue of how do you get there. you know is a complicated now do i agree specifically that the president's approach of saying you know we're going to bomb but gosh we need to pause and ask for congress was the most effective way to get there probably not but i think in general here to say that every single decision the president has made has been a disaster is a a grossly biased reading of you know what in fact has been. you know a presidency with a tremendous number of of complex variables that have come into play ok and you have to remember that james is from the heritage foundation so good cut him some slack you know let's go to walter i really want to jump in come on guy i don't think there will be therapeutic i gave. her the go to doctor i did write back to you that i did they were g

i think you can look at c drill. you can get a great dividend here. one thing i'm looking at that's a different angle than these guys are taking, you're seeing wti and brent spike. i'm looking at volero. i'm thinking that could be a good way to hedge your longs because if that doesn't widen it could put additional pressure on refiners like valero. >> i like restructuring stories. obviously we have the watch the situation and if we do spike higher that's obviously much worse than if we can gradually go higher. >> the experts are slowly raising the high end of their ranges today. >> that's right. >> i've had conversations with some of them and that seems to be where this thing is going. >> right. if that's the case the whole group will rally but i'm liking the restructuring stories because if the crude oil price does pull back, there's still a story there. i would focus on marathon and also ox dental. i think marathon is two years behind where ox dental was in terms of restructuring asset sales. they did announce that in norway. they're going to buy back

you get energy. great company. >> look at what the people say. the people say, josh, that they don't like your you've. >> well, let me tell you something, people, hold on -- let me tell you something. that's okay. pete kardashian agrees with me. i think i'll be right here. >> because it only matters who wins in the market. and right now, josh, you're fifth. >> say it one more time. >> i'm just giving you a hard time. it's kind of fun. you want to check out all the moves traders are making, go to cnbc.com/2014-playbook. two big stories happening today in the financial world. kate kelly here with all the details. >>> big news firstly from nelson peltz whose $9 billion company has adopted bank of new york mellon has its new core position. combination of stock options and other holdings could make it one of their largest positions overall. it's number two after mondeleze. it's not an easy going investor. pressure from perform e pelts's led to the leaving of their ceo. and reduce banker pay. trian pressed for stough change at state street before they s