One week from today. And the number one issue on the minds of voters is the economy. That tells you that Many Americans dont feel financially secure several years into a sluggish economic recovery. They are anxious about money. Thats even though both the job and the Housing Markets have recovered a lot of ground. Ill talk about the Housing Market with robert schiller, nobel winner. Ill start with the broader economy and the mood of consumer and businesses. Businesses today we learnt that order for durable goods fell 1. 3 in september. From august, when they declined from the month before. Goods, machinery, cars, airplanes, things built to last for three years this decline is a sign that companies are not feeling confident enough to ramp up their suspending and investment. In a moment im going to talk to an economist who says one of the biggest disappointments in the referry is business investment. He explains why he thinks that will change in the months ahead. Here is the good news. Consumers buy consumable goods like washing machines, American Consumers are super confident. At least from the latest meeting from the Conference Board, a business group. Its Consumer Confidence index rebounding in october hitting a 7year high. Credit to an improving job market is lower gas prices. The Conference Board asked consumers what it thought about the job market, economy, Business Users and further earnings potential. Consumers are optimistic, and the upbeat report is a sign this american retailers may have reason for optimism as the Holiday Season gets closer. Here is the problem. One that we talked about a lot. Most of the 26 trillion in wealth that has been created since the end of the recession has gone to people at the uppernd of the income range, because 22 trillion of the 26 trillion in new wealth have been gains in financial assets, things like stocks and bonds. Take a look at the chart showing that at the end of last year, americans at the top 10 of the income spectrum, owns 63 of all financial assets. When you combine it with stagnant wam growth for the wage growth for americans that depend on paychecks, its a problem. Joining me to see when well see meaningful wage growth is ethan harris, head of global economies at bank of america. When the stock market goes up, its good for everyone, when the economy grose a rising tide lifts both. It appears a lowering tide lowered the both and the rising died is affecting those with tide is affecting those with credit, and a house and stock. We have a rising tide, but at a slow pace. So the fed lowered Interest Rates and created a big sting louse into the housing and equity mark. It hasnt been enough to get strong unemployment, that will come eventually. At this point most of the gapes through to the economy have been accruing to upper income people. We need a full recovery for it to trickle down to the lower income end of the economy. When you say wage growth is still to come, we are five years in. I am sure some analysts say we could we getting ready for the cycle. We are seeing jobs created, lots of them, but are not seeing the upward pressure in wages. Obviously it can get carried away and we can have too much wage growth. I dont see many complaining about that. No, i dont think so. Because we have been growling half as fast as a normal recovering. Everything that nomp happens has been normally happens has been delayed. What is hurt the most is wage growth. That is growing 2 for people that have jobs. In a normal economy its 3. 5 to 4 . If we keep the the better growth in the last few quarters going, well get the better job markets creating the wage in a negotiating powerful workers, but we need a bit more time here to get the healthy wage growth. Ultimately americans are coming to terms. Not everyone probably used the terms, but deciding that we are at overcapacity. So is the rest of the world. Everyone has too much stuff, fact are you and workers. Until you burn off the capacity, you dont see it making a difference. We need a period of Strong Demand where purchasing is strong, pulling resources back. In the Labour Market theres a lot of unemployed competing for jobs. The more workers we pull into the Labour Market, the better the opportunity to compete and demand higher wages. Again, if this was a normal economic recovery, that would have happened 23 years ago. Its not. Its taken a long time to shift to higher gear. It looks like wr at the beginning of the progress. More people own houses or actively own houses or stocks. So we have seen this return in some ways in the Housing Market, but we are not up to levels that many bought at. I can understand why people are not feeling prosperous because the Housing Market is gaining. The stark market is not gaining either. Are people feeling spiritually disconnected to the stock market. People felt great when the stock market hit records, and they were terrible when they had losses. People seem divorced from the stock market. I think the stock market leads to stronger growth. Normally youd see the big stock gains, it would be a big signal that better times are coming and the Labour Market is falling quickly. This time around we had a longer rally in the stock market. The economy is battling head rined. It doesnt feel that good. Home prices are up, for many they are under water, its better than it was a few years ago. They dont feel healthy. At this point theres a narrow solicitor of the population, top 10 that feel the full benefits of recovering. The other 90 havent got there yet. We are anticipating that this year the growth will be 2. 2 . Its not great. You are looking at a full percentage point more in growth in 2015. I ask two questions will we feel that, will it feel noticeably better, and what will you notice that will imperil the growth in 2015. Yes. I think its happening. The First Quarter of the year was a disaster. There was a winter shock. Weak data. Second, third quarter, we are in the better growth. I think it will continue in the year ahead. People will see better when they see it in the wage numbers. Wages will pick up later, and that momentum will continue. It will get back to normal the you will not hear people getting excited soon. Certainly there are risks. We dont want to see the major dysfunction we have seen in washington in the past three years come back with shutdowns and first call clips. We dont want to see the euro zone crisis spin out of control. I dont think it will happen, its to watch. We dont want to see geopolitical issues in the middle east have a big impact on the oil market. I dont see it happening. They are there. We have to watch. In they are on the backburner and watch. Ethan, what an honour to have you on the show. Economist and head of Global Economy research at bank of america, Merrill Lynch next, the rise in home prices has slowed. This could be good news for anyone buying a house. Maybe you should consider not opening a home. Plus, a new york doctor travels around the city while carrying the ebola virus. I talk to the man hired to clean up after him. Youre watching real money. No matter how we dissect the economy, you cant underestimate the gripe that housing has on it grip that the Housing Market has. It is cooling you have. A 20 city index showed that prices rose 5. 6 in august, that is the smallest year to year gain in number two years. The numbers may not thrill current home owners, but it may be a positive for people trying to enter the market. One of the men joins me to address the slowdown in price gains whether its reason to worry, or buy a home now or both. Robert schiller, the winner of the nobel prize in economics, and a professor at yale university. Good to see you. Thank you for being with us. I recall you telling me last time we talked your son got into the Housing Market. We have a great combination, if you look at buying, of the increase slowing a little bit. And the Interest Rates back down to levels we saw a year ago. In your mind, does that combine to make people who are qualified to buy a house and looking to buy a house does that make this a good moment for them. I wish we could predict these things better. We have conflicting signals right now. We had a lot of upward momentum. Usually that doesnt disappear quickly. One storey would be story would be the weaknesses are temporary, theyll charge up. It has been week for several months. So investors are less into the market now. The cash buyers are not as high as a year ago. I think theres signs of weakness. But not everything. Existing home sales are up. Its a mixed picture now. Yes. And one of the things we have been dealing with is that the Mortgage Rates are low, but most of the activity is refinances. We are having trouble seeing now entrants to the market. Thats why i brought up your son. We are looking for young people starting their lives and creating new homes, and all the attendant things that come with buying a home. Fixing things up. We are looking for people who want to share in the prosperity, being able to take a part of the Ownership Society that we promoted in america. Should we promote this society, for some its not that good . I think of the Ownership Society as a concept that is fading. We had an Ownership Society boom, leading to the crisis. Not just in the u. S. , but in the u. K. Remember, tony blair was into this with his child trust fund. He gave every baby born in the u. K. 250 pounds for their parents to invest. That was getting people. That seems to have faded because of the crisis. When we talk about investing. Lets talk about the stock market. You have schillers cape index, you helped to develop a different way of measuring whether stocks are over valued. Cyclicly adjust price to earnings, is the c a. P. S. , which looks at press to earnings, as opposed to others which look at a year. Your index is at 25. 9. And the forward price to earnings for the s p 500, which uses estimates of future earnings is 14. 5. Thats below the historical average. Tell me why these numbers differ so much . If you look at earnings over the last century, they have been trend reverting, they go up and down, a few years, five years maybe, they get reversed. I dont trust the rapid earnings that we have seen since the crisis, sounds like a response, like cost cutting. We know it doesnt last. It has always been a mistake to look at price earning ratios. Theres a trend in the economy, and prices revert back to it. You noted that when the cyclicly adjusted k a. P. E ratios reach certain levels, it foreshadows a downturn in the market. You are still not saying this is a fullout warning sign to get out of the market. Right. Its not super high. Its not often that we forecast a decline in the market. The returns have been pretty good historically. And a couple of times, 1929 or 2000. In 2000 my cape ratio got up almost at 50. You know, its half that high now. Its not such an extreme. And the stock market has been a great investment. So long. I hate to abandon it and go into low yielding bonds or other money markets as an alternative. Historically the cape index is at levels that could cause worry, you are saying its lower than its been at times when things have really gone bad. Yes. I worry, because it is a high cape, and the market in nominal terms, the s p tripled between the bottom in 2005, in march, and the peak in september of this year. Thats a pretty big boom market. These things do get corrections. I dont see i do studies, i have Investor Confidence indicis. The one thing that bothers me, whatever you say, people perceive it as more pricey much. That is a sign of weakness. The same thing we saw around 2000. It worries me a little. The worries that people have, according to my survey is not as strong as that, as they were then. I dont know. Oum a little uncertain. I wouldnt put everything in the stock market. Always a pleasure to talk to you. Thank you for being with us. Robert schiller, a professor of economics at yale, and a winner of the nobel prize. Next its a dangerous job. Someone needs to do it. Im talking about cleaning up a place, a man asked to clean up after the new york doctor was infected with the virus. Plus, the money that flooded the midterm campaigns, and who is behind it. Two positive developments regarding ebola here in the United States a 5yearold boy in new york city will be removed from isolation after testing negative to ebola, and the texas nurse, who contracted the virus whilst caring for a liberian man is virus free and released. The governors of new york and new jersey are defending their quarantine order, each as president obama pressures states not to take extreme measures. Libby casey has more. President obama said people in the u. S. Must stay vigilant and doctors and other medical professionals need to be trained and ready for more cases of ebola that come to the United States. He emphasised taking the fight to west africa. To that end he said theres signs of hope. The president talked to a team that had been on the ground for the past two months. He said they are seeing signs of progress in liberia. President obama said ebola can be contained and will be defeated. His comments come against a backdrop of states who are enacting their own versions of mandatory quarantine. The first to do so, new york and new jersey. The governor of new jersey saying this morning that he finds the Obama Administration new cdc guidelines confusing. President obama said that theres a real danger in citying mittizing the health stigmatizing healthcare workers that go to west africa, and said the u. S. Should not be governed by fear, and thu le focused on should be focused on sciencebased information, precautions and steps. In terms of the military, they are in a different category, president obama saying they are not civilians. 21 day quarantine, which it looks like theyll under go when they return from serving in west africa, helping to create infrastructure to fight ebola, that that is in place for a reason. That was libby casey for us in washington. When a home tore business has been exposed to ebola, hazmat crews have been called in. Joining me the man hired to clean up the apartment of a new york doctor. A Safety Officer at bio recovery corporation. Good to see you. Thank you for letting me on. Are people a little weirded out now this they know you are involved in this . My neighbour has not invited me over for cake lately. No kidding. You were involved in the Bowling Alley. You have been contracted out by these people. They checked you out. You know youll get the calls. We are the most highly trained company, we have done anthrax, ebola, c death, any pathogen, we have gone in in front of and done. In a situation like this. The city put preemive measures. We had a phone call saying be on standby. Does this scare you more than other things, or you guys know how to do this . Its not a regular monday at the office. This is what we train for. We are excited to use all the training and knowledge to do it. You were asked to go down to dallas as well. Yes. What happened there. We spoke to officials in texas, there were issues with different cost and they are accepted amounts of what it could be to remediate. We explained that the costs would push to the situation with mr duncan over six figures, and they were looking for a 4figure fix, 3figure fix. It didnt fit to what we were looking for. There was an issue with protective equipment. When you look at the equipment. A level c. We go with class a suits. If you do things according to protocol, its a big word. If everything follows protocol, we think ebola can be contained. Do you believe if everywhere works according to protocol, including the folks at the office, that this is okay. Hansley, i think the protocol needs to be raised. The c. D. C. Put out a new package changing the pp requirement. Pp is. Protective equipment. Its the third time the c. D. C. Raised it in a month. They are more in tune to the fact that regular equipment cannot be taken off easily, decontaminated and theres a chance that the Health Care Workers can be affected. I assume most know something of what they are getting into. This is not the norm. You deal with water. We deal with 1,000 crime scenes. Dealing with blood and pathogens. We do lab cleanups, anything when the formal company would say no, we say yes. Do you have workers that would say yes, or those kind of things in the past. We have 100 employees, and we had a big meeting prior to the ebola crisis, and a meeting as to who wanted to get involved and who did not. This time when we did the vote, it was a smaller group. I led the team going in, i said im the first one in, the last one to leave. We had 10 guys willing to do the project. I guess theres increased pressure from peoples families. Thats the issue. A guy told me i want to go in, my wife wont let me. How do you determine what it costs if you have a call, and someone says we have someone involved with ebola, we need a clean up. What does it cost. Its hourly. C. D. C. May have us there six, seven, eight hours. We clock in the second relieve the office, the second we get back, thats the cost per hour. We have pictures of you here, so people see what is going on. If you get called into a scene, is the protection of property how do you deal with that. Some things will have to be destroyed or in the process of being cleaned up will be damaged or destroyed. Is that a concern of yours . We have a loss factor of 5 . 5 of the its in the Bowling Alley thats all the loss factor. Its acceptable. You will have certain things, toothbrushes. Paper towels, napkins. It was a 5 or less fail factor. When you do it, are you in charge. Do you tell the Bowling Alley you have to throw that out. Carte blanche. If im telling you if we sign off and give a certificate of cleanliness, if it has to go, it has to go. I think we have a shot of you. That appears to be the same shirt. I have a couple of them. This was not worn in an ebolatype situation. Stay safe. I guess you are prepared for someone to tell you you may need to be in quarantine. Thank you for doing what you do. A dozens of peshawar forces are heading to kobane, to help fellow kurds fight i. S. I. L. And save kobane. Turkey angered leaders and frustrated washington by refusing to allow weapons into kobane. Last week it said it would hep fighters cross into syria. The deployment would require boots on the ground. Its not clear whether theyll be allowed to carry enough weapons to have an impact. Iraq and other cities under sieging kirkuk, amidst the fighting. The i cannery government is juggling the fight against i. S. I. L. , and conflicting agendas. Kurds, arabs and turkmen are united, but disagreements over who will control the oil will could undermine the ability to take on i. S. I. L. Charles stratford has the story. Reporter kurdish peshawar workers on the front line, nearby the Largest Oil Fields in iraq. Islamic state of iraq and levant or i. S. I. L. Are a few kilometres away. The vast amount of Natural Resources around kirkuk could make the city one of the most prosperous places on earth. Everyone here could bept fit, sunni and shia arabs and turkmen who lived here for hundreds of years. I. S. I. L. Is the enemy. Trust is growing. This is a sunni arab political leader. He shows shrapnel scars on the walls of the house, surviving an attack here last year. Its a big problem for the arab sunnis. They suffer from attacks by militia, and i. S. I. L. And theres germ justice from the government, and sometimes we suffer at the hands of our brothers, the kurds. The big plan, the real agenda is to raise the arab sunnis from iraq and sunni. I. S. I. L. Launched car bomb attacks. The threat from i. S. I. L. Is so great that kurdish peshawar are helping the iraqi army defend it. The Company State use says the k. R. G. And baghdad have a role in running kirkuk. The Office Behind me was set up by the k. R. G. Government in kirkuk. The rivalries between turkmen, sunni arabs and kurds is deeprooted. Some say that that rivalry is jeopardizing their ability to defend the city against i. S. I. L. The chief is trying to solve disputes between different ethnic groups. Everyone is threatened by i. S. I. L. In iraq. This it was is trying to bring people from all groups together. They are becoming enemies towards each other. It was not hike this. There was marriage between the groups. There was understanding. Now its different. Political leaders from the turkman population agree. They say the problem is not just in kirkuk. Turkmen are not just in danger here. They are anxious in other areas. They are squeezed out demographically. Kurdish peshawar and iraqi army face attacks around kirkuk. Tension among the people could make defending it harder coming up next you get what you pay for. I look at the billions pouring into midterms, who is behinds it and what they hope to gain. Thats next when real money continues. Keep it here. Bamboo is the oldest elephant here at seattles Woodland Park zoo. She shares this space with two other elephants, 35 year old chai and 45 year old retoto. So even when we have elephants that are sharing the same space together, they often times choose just to share opposite ends of the exhibit. A growing body of evidence shows that zoo elephants thrive when they are able to socialize with each other in a herd of three or more. The a. Z. A. Is requiring all of its accredited zoos with less than three elephants, increase their herds or phase out their programs and donate their elephants to other zoos. Animal rights advocates say thats not enough. What would you like to see for these elephants . I would like to see them retired to a sanctuary where they can roam on vast acres of land. But curator Martin Ramirez believes zoos have a duty to breed new elephants and sanctuaries are meant for the animals to live out their days, continues. Live out their days, keep it here. An up close and personal experience will inspire everyone to join the effort to save the elephants. Next week America Votes in midterm elections, at stake a possible republican takeover in the United States senate, which democrats control. We have heard about the flood of money pouring into the elections. I want to break down the numbers of how much spending we are seeing, where its spend, and who is behind the influx of Campaign Cash. 4 billion. That is what the Nonpartisan Center for response in politics says will be the bill by the time the last race is called. That makes it the most expensive midterm. Not just by a couple of bucks, but by 4,000. Republican and conservative groups will likely have the edge here. Republicans spending 1. 92 billion, democrats, 1. 76. Of all that project spending, 2. 7 billion, cops from the usual suspects candidates and political parties. But 897 million, a quarter of the pie, is expected to come from outside groups. Now, we are talking three times the amount that outside groups spent on the last midterms four years ago. Here is where the liberals will have the spending edge 433 million versus 424 million, coming from independent donors, and tom steyr is a californian hedge fund billionaire, a Climate Change activist, and the single biggest don i dont remember of the campaign. 58 million. For those of you that follow money in politics, its not a surprise that we have seen such an explosion in 120. Thats the year that the Supreme CourtCitizens United case reshaped the finance landscape. That decision effectively removed limits on outside spending, created megafundraising organizations and allowed dark money to proliferate. Its called dark money because the nonprofits dont have to disclose donors or report much of the money spent on ads. Nationwide, the most expensive is the North Carolina senate race. Its followed by senate races in other Battle Ground stakes. In alaska. It looks to be the price per capita, 120 per eligible vote. We have been talking about congressional spending, but theres big money spend on state level races. 380 million on tv ads in governors races. Florida, peninsula are the biggies. 120 million are spent on state, from expanding gambling to requiring genetically modified foods. To Marijuana Legalization in alaska and florida. And judicial elections where little money can go a long way, because they dont raise a lot of money, saying 9. 1 million in ad spending. This last week of elections co unleash a flurry of spending an average of 20 million per day. Campaign finance experts say we need to pay tanks to how much more and how the Campaign Cash is secret or used in misleading ways. Dave levinthal is seen at the center for public integrity. The oldest news organization. We touched on the rise of dark money after Citizens United. There has been 141 million spend in the midterms, the most history. There are estimates that there may be 100 million in dark money spending. What is that about . Citizens united decision in 2010 led to super pacts that everyone has probably heard a little about. Giving rise to them. It had another affect, allowing nonprofit organizations, particularly social welfare nonprofits. The chamber of commerce, advocating for and against at elections, at the senate. House level. If you and i have the right, why is that bad. You and i have the right to speak at the top of our lungs about how to spend the money to do it. Why is it wrong that the chamber of commerce can. What is different is the groups dont have to disclose who the doppors are. You have a lot of people, but some folks on the right. You have the groups that are spending millions. Tens of millions in individuals races, and even though this is the most public of events that we have in this country, a political election, we dont know the names or identities of the donors that can account for 10, 20, 30 of spending in an election. Lets go back to first principles. I dont disagree with you. Why does it matter. In the end the voter is not led to the voting booth with a gun to the head. Why does it matter that i know or dont know who backed a particular ad . What youll know about a candidate is through his or her friends. When you have groups buying up the airlines, spending millions upon millions to convince you as a voter to vote for someone or against someone. Its difficult for the voters in some cases or many cases to find out who is behind the message. Is it fuelled by a union, a corporation. Is if fuelled by a billionaire. Goes to motivation. Yes. A message that that be commonsense may lead you to a conclusion that someone wants you lead to to support their own interests. Theres a lot of people. People say free speech is limited. Why should someone be limited because they have a heck of a lot of money. Compelling argument. Theres another element where you have so many groups that in the past couple of years gained power, wealth and influence, and dont know anything about them. Its hallo each week, they are ghosts. Theres little to them. They are a post office box in some cases. They dont have an office, they simply exist on paper. Theres a heck of a lot of money. Good to talk to you. Dave levinthal is a senior reporter. Next, the need is urgent, benefits clear why cant we fix roads and bridges. I look at the dangers of doing nothing, when we come back. Right now. The crowd chanting for democracy. This is another significant development. We have an exclusive story tonight, and we go live. Tonight the unexpected, an Orbital Sciences unmanned rocket headed to the International Space station exbeloweded moments after exploded moments after launch, have a look. We have lift off. The Third Mission to the i. S. S. The main engines at 108 . Normal. Mission controls audio went slept immediately after the sig news cargo ship went up in flames. But crowds and onlookers gasped and screamed as they watched the market blow up. Real money was there, covering the launch for an hourlong special on the emerging space economy next month. Journalist james lee was on the ground filming when the rocket exploded and joins us from the flight facility in virginia. Last time you were out there. You shot that for us. You were not expecting what you saw. Tell me what you snau. Well, you know saw. Well, you know, i covered several launches. When it went up, it took a little longer to get off the pad than i thought it would. It made two to three lengths of the rocket in the air, and looked like it wasnt going to keep going up. There was a smaller explosion and a few seconds later a larger explosion, and it hit the grouped, and looked like ground, and looked like fireworks went up. My thought was to keep rolling. Wow. When the sirens wept off, and the went off and the lights flashed. I made sure we were still rolling and walked the camera down. The mass of people were calm, got all the journalists out of there. Some social Media Journalists were not came. Everyone was safe, okay. And now we are waiting for the press conference to tell us what was going on. We believe it was an unmanned spacecraft, so no casualties. On the rocket. Do we no no one was hurt . We heard over the announcement that everyone has been accounted for, and there were no injuries. I cant say thats official, but it came over the n. A. S. A. Loud speaker. James lea, thank you for joining us, and the work you are doing. Well have a sperm on the economy of special on the economy of space, which you have been working on. James lea at the scene of the explosion. Robert wright is joining me to talk about the explosion, covering transportation to the times. This was a replace. To the old system where n. A. S. A. Used the space shuttles to get gear up and down the space station. We moved into the sector, and its been pretty safe. We are not so used to seeing explosions of rocket carrying payload. There was an instant with the spacex launch in august. And i think the real issue about in is it will raise questions about n. A. S. A. s strategy. Ultimately the Companies Launching the International Space station is one thing. The Companies Want to get into the lucrative market doing National Security launches for the United States. Right. Satellites. Satellites, launching 2 billion satellites. The one thing that the u. S. Government does not want to happen is to spend two years building a 2 billion satellite and have the seen we have seen tonight happen for it. Concern may be that it is expensive. I think it is a substantial setback for that whole process of trying to get down costs, increase competition in the space launch market. And unfortunately, when fiery things happen, it gets everyones attention. You are covering infrastructure on the ground. Rail. You were in the dakotas. We have been talking about rail in the dakota, because they are generating a lot of oil and its tying up rail lines. Sol of it may be unsafe. Its coping other goods from being on the lines. This is turning into crisis for the whole of the rail industry. The interesting thing about the rail roads is we have an idea in america, that the u. S. Infrastructure is not much good. The freight rail roads are an unsung success story, carrying 40 of freight traffic, more than any other modes, and have done it quietly, efficiently, cheaply. Theres a crisis spreading to the dakotas. Theres so much growth, north dakota produced 20 of the traffic growth. For a tiny state, its enormous. Its not weight. Its oil. Mostly. It is wheat and oil. Theres a bumper crop of eat. Agricultural production is changing a lot. Genetic modifications to corn. Both of them. You see both of them in the rail roads. The famous old railroad owned by warren buffet is trying to tackle some of this. The perception is that bnss, warren buffets railroad is doing a good job. Laying an second track is impressive. Its laying at the rate of a mile a day to overcome. They are spending hundreds of millions. You cant do any of these things instantaneously. The other problem is a driver takes seven months to train. You are still shortstaffed. These are the issues people are grappling with. You have canadian pacifics. They are not seeing it as a track problem. Canadian pacific see it as an organizational problem, the way people were able to order cars, and they have legitimate complaints about the intersections with other rail roads. They are taking less aggressive approaches, saying we thing we are better org facers. The service is improving. I dont think its improving anything like as fast as bnss. We spoke to a grain operator that says they have crops that could rot. What people are worried about is the press of wheat are falling. People are thinking i had the wheat, i couldnt get it to market when the price is high, and now its down. Thats not what an American Farmer likes to see happening. Thats at the root of the anger. The other thing is its a much bigger problem than north dakota. We are seeing reasons in the east coast. This has spread out, becoming a crisis for the whole network. We talked about rockets, trains i dont know what well talk to you about next. Robert right a correspondent with the films with the financial times. Apple has a product. It may work too well for those that want to access your digital profile. Back in 2 minutes. Consider this the news of the day plus so much more. We begin with the growing controversy. Answers to the questions no one else will ask. Real perspective, consider this on Al Jazeera America just yesterday we told you about big retailers telling apple that they will not accept apple pay as a mobile payment system. Alibi basha executive chairman alibaba is considering using apple pay. They use more transactions than amma zop amazon. Apple pay connects your iphone to a payment system, and its branding itself as a more secure system than credit cards. A feature that protects your profile, sounding like what con assumers need, except reputation. Com. Michael ferdic nose about that. And makes a lot of money banking on what is coming next. And they say the privacy feature is not a feature, its a bug. Apple pay, eddy queue says it does not track your personnel data. Turns out apple pay cant track data. Because it uses nfc. You put your iphone near the payment system, it comes to life. It does not allow apple to capture who you purchased or where you bought it. Apple and the retailer wants the data. The retailer cannot benefit from knowing your history, they cant plug you into their loyalty programme. Retailers are working on getting apple the data. And they are hungry for the data. They are pitching that its a privacy future. I like it. Shouldnt we like it. You dont know anything about me, except i bought a cappedy bar. Its super easy. It belows google wall oat out of the water. It comes to life, you press the button, and you pay. Google wallett has four or five step, apple pay is cool, they do it nice and slick. The steve jobs, johnny way. Its cool. Theres not really a privacy thing. You are a guru of privacy and technology. Where do you come down on this. Is there a middle ground . My rue is clear. I believe the consumer should have a knowing transparent control over their data. I dont mean terms of service, 40 pages of text. If you know what the parties are doing, its coacha. Are we in a world where you dont know, the agreement is yeah, you get to do stuff with my data, or no, you dont, i dont get to use the service. More technologies are emerging, that are clear, that are binding themselves into a box. Here is what we will do with your data, here is what you wont. Jimmy wales is launching a service. Theyll be clear about what they do with data. Hello is a social network. Do you make money, or do i have to pay for the service. I believe, and the economy says that theres a lot of ways to make money . Is the book coming out. I want to talk to my viewers about it. In january. Ill come back. Is it really about cost versus not cost. Three things mean you give up data. If its free, you are the product, thats the trade. The thing that you point out is the internet is good at one thing, collecting data from you without your knowledge or permission, and selling it for a purpose you can never know. Now its time for the next trillion of wealth. It will be more like mobile payments, interesting uses that you control and know about. Ecommerce, apple. We have an innovative day coming. Im not so worried that the ex uses my data. I like it in you market things that i know you buy. I am worried about hacking. Im not a guy na worries about privacy but now im wored about the hack. I dont think you should worry if you she a certain shoe and your wife sees another on the web. Your food habits, if that was used by Insurance Companies without your knowledge, and people making credit decisions that is happening. We have to put a stop to that. We have to pay for this show. I have to go. That is our show for today. Im ali velshi, im not done, neither are you. Ill be back with a 2 hour preelection special it starts right now. Its unclear about what you stand for. The bitter debates. Hes the nancy pelosi of kansas. The bizarre ads. Hey, mitch. What about using a talking baby . Key races still up for grabs, and turnout a big question. Which party has the edge . Jobs, the