And many dado records and bank records and then for the president to say stop soaring all of those records, that is one for the too much to believe record. And the bottom line is that the nsa has been shaken but not stirred and clearly not stopped. As an agency that is abusive, far from arrested. So for all of those that think that this is ending, it is providiig a few weeks a cover for spies who might temporarily go into hiding. Because that is the thing about james bond. How many times a day tried to kill him and couldnt. And lots of money and spies. That is why there was sky fall and that is why for size the sky will never fall. Still serious and still upset. Larry is here and he just said that they are risking doing something that is unconstitutional. Do any of the president s actions to become for today . No, youre absolutely right in your analysis here. First of all, this never wouldve come to life if not for Edward Snowden in midseptember and middecember. The reality is that obama got caught with his hand in the cookie jar and the nsa has to come up with an excuse. And today put in charge of making the socalled reforms . James clapper, the director of National Intelligence who committed perjury to congress and lied and said they were not spying and eric holder of fast and furious and irs gate, he has also lied to congress. It is powerful and influential. And its very likely that anything will happen. Niel so they throw this one and then another line. No matter how many lines that we draw in the sand, people just kicked the sand right back in the notion is that the president really doesnt mean what he says. You mention what is going on in the Justice Department and what is going on within the nsa and i look at the irs with an investigation that has been downgraded one that wont involve any criminal charges. And that is the problem. We have a government with corrupt leaders. Those that dont tell the truth, whether its any of these scandals or obamacare or whatever. But the reality here is that we are not against legitimate spying. And why was it necessary to get the metadata . It doesnt mean that the government isnt when access it. Niel Edward Schmidt is going to talk to us about this. So bill, im going to you first. It is your expertise that has led to this crisis. One of the things that we suggested to the white house and the congress as one of the things that they should do to help perform nsa, it is to have a set that technical people are assigned to. Because they are in the pocket of the agency. But all of congress where they are cleared and can go into the nsa and all the networks and the databases and see what is there. See the processes that they are doing and verify what they actually have had and are doing and make sure that everything they say to the court sent to the congress and the administration and the republic is true. They are raining an end. Howard . Yes, and that is one of the issues that we wind up dealing with this kind of figure out what are those boundaries and intelligence pieces that we need while at the same time protecting privacy and civil liberties. Its really interesting. Not as often as he talked about Homeland Security and protection of citizens. Niel what i worry about is that the balance between us, a lot of free speeches and it is focusing on the 2 degrees around a bad guy. Like a terrorist group and that doesnt quite go far enough. It just talks about analysis. And that will lemonade that collection and also will satisfy the citizens of the united of states. Well, that is what the issue of transparency and openness that we had after 9 11. And that is one piece that we would have the inside to do it. And that is with congress. Congress hears one side of the story and they dont hear the entire piece of it and they dont understand the technology. So as a consequence they are on the side of the intelligence that says we will support this. Niel thank you both so much. The president is trying to tamp the nsa scandal down. But it keeps flaring up. Need a guy who says they are involved in a massive coverup. Over a hack attack that will just not let up. [ male announcer ] e new new york is open. Open to innovation. Open to ambition. Open to boldids. Thats why n york has a neplan dozens of tax free zones all across the state. Move here, expand here, or start a new business here and pay no taxes for ten years. Were new york. That creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. Where does the United States get most of its energy . Is it afririca . The middle east . Canada . Or the u. S. . He answer is. The u. S. Most of Americas Energy comes from right here at home. Take the energy quiz. Energy lives here. Itsot thejuggle a bunch of rotating categories card. Its not the sign up for rewards each quart card. Its the nogames, nomessinground, noarninglimithaving, doilooklikeimjoking, turboboosting, heavyweightchampion oftheworld cash back card. Thiss the quicksilver cash back card from capital one. Unlimited 1. 5 cash back on every purchase, everywhere, every single day. Now tell me, whats in your wallet . Niel hack attacks that hit more than thousands of customers. Robert says the target reach may also have hit others as well and it may not just stop with them. So what makes you think that this is coming from that neck of the woods. And it could be caught up in this. Neiman marcus hasnt disclosed how much information has been breached. It seems that targets data is the information that was hacked. And im not sure that it was properly recorded. In the code shows russian language built into them aware. So it looks like there was a possibility that organized crime is behind this. Niel to what end . It is to the degree that russian organized criminals. Niel so far you havent seen a lot of people lose money. Maybe they dont go to target for a while, they hold off. I always think that we are one step away from something far more serious. Potentially millions of Americans Bank accounts being blamed. Agreed. So this is far from a big deal. I know that plenty of people whose credit cards were compromised. They were unauthorized charges that were made and they were coached by this due to credit card fraud and that is just the beginning. When our Financial System revolves around this, Digital Information that is essentially stored in the cloud and those servers can service can be accessed by bad guys in this way to the degree where they are able to download this information in such a short periods of time. It definitely is cause for alarm that our system could be in jeopardy we dont get up to speed in regards to protecting information that is in the hands of the banks and the retailers. Niel it is the warmup to the followup of the more devastating World Trade Center stop. It serves as a warmup to doing something more damaging to our Financial System. Youre not the only one without fear. Ive heard many others as well. And our information is digitized. We dont have paper as backup and theyre so theres so much information out there and its in the wrong hands down the road and it could cause a disruption in our economy is a significant attack occurred. Robert, thank you so much. Now walmart has done it. Bernie sanders on their case. Not about how walmart treats its people without targets its we decide who is really overdoing it coming up next. And the southbound bus barre down i95. This magic moment it is the story of where very great idea begins. And of those who belied they had thpower to do more. Dell is honored to be part of some of the worlds great stories. That began much the same way ours did in a little dorm room 2713. This magic momt how did edward jones get so big . T me just t this away. Could you teach our kids that trick . [ male announcer ] by not actg that way. Its how edward jones makes sense of investing. Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Do you think that we should raise the minimum wage so that those workers can earn a living wage and not have to get medicaid or food stamps . Niel senator Bernie Sanders over income inequality. Liz macdonald said this is getting nasty and ugly and it is a deflection away from washingtons promises. What do you say . Reporter these arguments are raising the minimum wage, a lot of people get it and its a great argument. And the senator has been for months now attacking the Walton Family and putting this is an inequality issue at the time that Media Outlets including fox business, that we do provide Retiree Benefits and we do provide great an effect in terms of free health care, ffee vaccinations. And its kind of a diversion away from the bad washington dc policies that are creating income inequality. Niel this Health Care Laws getting prohibitively more expensive. There is a far Better Health insurance policy for its workers. I think walmart is a much better employer than it was 10 years ago. It provides a lot of Health Benefits and wages are going up and i dont know if putting this on the debate is the right thing or the wrong thing to do at that we should be raising the minimum wage and that was something we used to do routinely in this country from 1961 through 1981. We raised the minimum wage 14 times in 30 years and we have been more stingy about raising it. If youre working full time youll you will be able to live a decent life. Niel i can see the argument for minimum wage. But having said that, i think it misses a bigger point with walmart. Those that had Health Insurance cheap, affordable Health Insurance. And only one out of eight workers did the shots that they offer. Reporter thats right, they say say that walmart is a lowpriced shopping venue. And the thinn is that when you look at this whole debate its part of a broader picture that youre going to see basically in this Midterm Election year. We are in an economy creating what are called low paying jobs. Families are trying to raise their children needing the 8dollar or 9dollar or 10dollar an hour jobs and it is driving walmart into this story. When walmart has been under fire for paying low wages. Its the first point about washington dc policies and also the benefits packages that walmart is giving. We are losing sight of that. That leaves the American Consumer that might or might not be perfectly willing in the belief is that they will happily pay more. Consumers are picky and they tend to seek out the lowest cost. There was a recent survey of some of the top economist in the country and what they thought was the minimum wage that would be good for the country and good for consumers. One third said that for everyone in the and the other third set not so good for everybody and the other say it is not going to make much of a difference. The thing about this is it affects him a lot and it will make a real difference. So for the entire size of the economy is an isnt infinite amount of the economy and it has very small effect on prices of things and small effects unless you raise it to this and do you think that that would have a substantial issue . I think that in most parts of the country if you raise the minimum wage, it would probably have a deleterious effect on employment and probably prices. If you raise it each hour, i dont think youd see those effects. Neil just dont get caught behind the wheel. Now she has to google more. [ tires screech ] [ car alarm chirps ] [ male announcer ] we dont just certify our eowned vehicles we inspect, analyze, and recondition each one, until its nothing short of a genuine certified preowned mercedesbenz for the next new owner. [ carar alarm chirps ] hurry in to your authorized mercedesbenz dealer for 99 financing during our certified preowned sales event through february 28th. Open to innovation. Open to ambitn. Open to boldids. Thats why n york has a new plan dozens of tax free zones all across the state. Move here, expand here, or start a new business here and pay no taxes for t years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. Neil google pain and the glass. One california was ticketed while driving. The overpromising commercials still leaving homeowners feeling a little bit like they have some odds. And so we said, your point is what . My point is that its not illegal. The item is not illegal and they actually have other things and bmw, mercedes, all of these other cars, this is not illegal. And you cant stop technology. How did you ascertain she had these glasses on . Shes part of the test study. Neil is very obvious. The claim was made by the officer and there are little trees with the snow on them. Those are percale as well. Neil so the bottom line is this is ultimately dismissed, but your fear is what . My fear is that theres a Public Safety issue. The reason it was dismissed was the officer in this case could not prove that she was actually using the glasses they were on. So it wasnt dismissed on any kind of issue. Neil there were a lot of these upfront displays. I agree with those other items in their other distractions. Just looking at a gps in your car is somewhat of a distraction. So where do you draw the line . Welcome and these are things you can do. Horseback riding, flying, fire juggling, skydiving. They showed a girl in a wheelchair driving. And i think that people in wheelchairs should be able to die. But they were doing directions with glasses and i just think that theres more to it than that. Neil some of these others announced in the past couple of weeks with pandora, the dashboard displays, you should be driving. Where you. Line . Aaa did studies and they said that having the information in front of you, it might be better. Because when you are driving from your driving 50 miles per hour. And that car has gone 75 feet and that is the formula. So is it better to have it in front of you . You are right and this a little bit to the right. But it should probably be limited to only information pertinent to the driver. Such as driving and speed limit and directions. Its already there. So all im saying is that we cant inhibit technological advancement. Its on the driver and the choice is the driver. They have the choice. Put in a safety precaution if you want to do anything. When he states moving you cant access gmail or email. But it gets to be a real hassle. I agree with lee said that maybe it should just be limited to certain things you can do while in the car. Technology is not often pretty. Neil does he look like spock . You really want this guy is driving behind you to be a flying trapeze while he is also driving behind you . And i do see your point a little bit. You stumbled around this technology. If you can do things like horseback riding byers was to be driving a car. [laughter] neil i dont understand that. How about the juggling . In the juggling while driving should be against the law. [laughter] the driver has to be responsible. Neil they need to be responsible for their actions. Im saying that i should be allowed to drink a big gulp pop if i want to. I choose not to drink the whole thing because its my responsibility to drive end of responsibly to where the technology or not is mine. Neil if you get these things like ray bans, okay im with you. Otherwise im not. Meanwhile, democrats and the president. We will have the update next what super poligrip does for me is it keeps the food out. Before those little pieces would get in between my dentures and my gum and it was uncomfortable. [ male announcer ] just a few dabs is clinically proven to seal out more food partles. [ corrine ] super polrip is part of my life now. You are gonna need a ngman. And my cash back keeps the party going. But my Airline Miles take it worldwide. [ male announcer ] it shouldnt be th hard. With creditcards. Com, its easy to searchundreds of card anapply online. Creditcards. Com. Its why she blew the whistle on the disastrous health care website. Neil this ad that blasts the Health Care Law is not sunny for whats in it. The democratic pack. For this arizona congresswoman ann kirkpatrick, you cant run far enough from the thing. I actually think that this can be a preview. Maybe there is a glimmer of hope that democracy works. When they have their backs to the wall here and the great majority of people in their district state and locality are saying that obamacare is not working, they are very quick to run to the other side. And i agree. And republicans are going to stay, lets start over. Obamacare is not working. Neil the argument that you hear is they give the plan more time. I think steny hoyer was telling me try six months. I think it is going to go the other ways. At the the left is confusing signups with actual pay and there is a fair amount of signups even though the numbers are low but lower than what the administration wants. But when it comes to actually paying, people just arent paying and that is something that comes across the board. Whether it is amazon or ebay or anything. But the number of people sign up for something is always far exceeding the number that they pay. The revenue is a lot less. Neil lets say that Insurance Companies are between a rock and a hard place, they will guarantee that they will never be bailed out, could they run up a run on very quickly . Could there be a shift in marketplace based on the fortunes of this law . Definitely. Neil it falls on its own weight and tomfoolery. But it more or less seems to me that it is a drag on the economy this year. Is that correct . It is more as you imply a waitandsee thing. The Health Care Industry has a lot of levers to pull. They have huge lobbyists and the plan can be rewritten. My gosh, through lower rates and better insurance and more market oriented. Neil gary, thank you so much. This is what makes you such a nice guy, you are an optimist. The governor or the godfather. Coming up next, the attack on Chris Christie that might have gone one step too far [ me announcer ] this is the stor of the dusty basement at 06 35th street the old dining table at 25th and hoffman. And the little room above the rip mall f roble avenue. This magic momt it is the story of where every great idea begins. And of those o believed they had the power to do more. Dell is honored to be part of some of the worldgreat stories. That began much the same w ours did. In a little dorm room 2713. This magic moment telephone rings ] [ shirley ] edwa jones. This is shirley eaking. How may i help you . Oh hey, neill, how areou . How was the trip . [ male annncer ] with nearly 7 million investors. [ shirle] hes rightere. Hold on one sec. [ malennouncer ]. Youd expect us to have a highly skilled call center. Kevin, neill holleys on line one. Ok, great. [ male announcer ] and we do. Its how edward jones makes sense of investing. Neil it is time to let loose and two nights at special edition. Far better of an impression, a lot of you are shouting on twitter, go to Chris Christie, a lot of folks are getting fired and fired up. Definitely going too far ,com,com ma still another, not at all saying how Chris Christie acts. And one more, will they realize on the left and makes all things go part of his. I think that the last was right on. Using public property to rig a president ial election which it looks like what the white house is doing with the irs. And that is worse than closing the turnpike. Nevertheless there are a lot of people in new jersey who does work with Chris Christie thing that this guy is a little closer to tony soprano than ronald reagan. There is a new head ofs new how to let the free market go and stood by it than to have this kind of wishywashy situation happen. On the other hand there are a lot of conservatives who dont like the fact that he has raised taxes overall in new jersey since he has been governor of new jersey. He raised this whole of the bridge about 100 . It is an overall increase. And so nevertheless, you love to see him telling you is publicsector union what the truth is and he is the first politician that spoke to them in a long time. I think generally speaking there are more republicans moving against it now than in favor. Neil we will watch it closely in the meantime. Foreclosures diving to a sixyear low. Needing to get out of the way, letting the market works. Get the government out. Pick your bank with care. So once they get their sticky fingers and something that they never let go, talk about controlled situations. Just as they should be getting out, they are getting back then and they are pulling themselves back then. And this is a report that dates back to 2010. Rejoining president obama in the white house about how to use executive privilege. Number one in this report is to promote automatic mediation to avoid foreclosure. President obama thinks that everyone is a victim and that no one should be in foreclosure even if they are a deadbeat, the government should jump in to help them out and they may use executive privilege to do that. Neil you talk about the housing rescues and mortgage rework. Maybe they should look at the history of this and say that we are not really improving things we might as well backtalk. There are reasons for foreclosure and failure in the private sector and again he start out with the idea that everyone is a victim and that if anything bad happens to anybody, its going to be because they are victim and that is the free market is about. Neil google is now working on smart contact lenses to monitor your glucose levels and even help with diabetes. Luckily at home are very skeptical about this. One person saying that like everything they have done, it will probably be followed. And finally, does it hurt your eyes or turn the government is spying . Took off your glasses like i just took off my glasses. Yard he has those things. Yes, i am a little wary of things and thats why we are glasses because i never liked contact lenses. Putting something in a high, it hurts and i just wonder about that. It very interesting. I have a tendency to be suspicious and i wonder how closely. They have these fingerprint devices and i wont do that. Will you . I dont want anyone to have my fingerprint. I have a very mysterious past. Neil the head of hbo and what he is saying. Why some investors are saying that hp is going to pot [ male announc ] wt kind of energy is so abundant, it can help prove the power for all th natural gas. More than ever before, americas electricity is generated by it. Exnmobil uses advanced visualization and Drilling Technologies to produce natural gas. Powering our lives. While reducing emissions by up to 60 . Energy lives here then youll know how uncomfortable it can be. [ crickets chirping ] but did you know that the lack of saliva can also lead to tooth decay and bad breath . [ exhales deeply ] [ male announcer ] well there is biotene. Specially formulated with moisturizers and lubricants, biotene can provide soothing relief and it helps keep your mouth healthy, too. [ applause ] biotene for people who suffer from dry mouth. Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Open to innovation. Open to aition. Open to boldids. Thats why n york has a new plan dozens of tax free zones all across the state. Move here, expand here, or start a new business here and pay no taxes for ten years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. His beloved should time warner investors do what they are told to do . This is the same guy that says that he is perfectly okay with fans illegally downloading popular promotions. Does he risk this . Yes, he dies. But i think that this is a very gutsy move and he is onto something. This is why google is always getting into it. This is not only the contents of the users behavior and i think that by making this move they have figured out something about monetizing the consumers. That is where the internet is anyway. It is a democratization of content. How you create values of the proposition for investors. And i think he has a way to monetize the other 29. 5 million that nobody thought of yet and i want to see what it is. Neil are there obvious things that are on the go . I think that they provide the content and its intriguing to me and tell about you ingratiate yourself in Technology Today and that is what is interesting me about this. Neil some of you didnt believe me and thats perfectly fine. Morgan stanley blindly across expectations and i will tell you once again that the banks are back. There is a separate argument made and its already reflected in those documents. And i still think that there needs to be different regulations. But im going to go along for the ride. Because i think that they are here to stay and i like im. Neil the argument for banks coming back. But they rotate out with a more traditional sectors this year. When it comes to financials, what do you say of this particular thing . It is to provide liquidity and the fed made it loud and clear. So really what you want to look for for the First Time Since the financial crisis began and how they are going to parse that money out and i think that you will go through additional training and loans and i think that it will go into basics like our retail and housing in our consumer base. Neil what is your sen neil what is your sense of the market this year . And i mean, after such an incredible year last year. What do you see happening . If you look at history we are about the legendary bull market runs of the last 115 years. Theres a lot of liquidity still on the sidelines. People are not participating. This is a bull market everyone loves to hate. And i think if you look to companies that have good products those things never go out of style. And i am expecting this in 2014. So im enthusiastic even though i cant tell which way it is going to go. Intel has a capital budget. If they cut back, that says to me that the pc industry has an ongoing shift into google into tablets and wearable devices that i think its coming. But the only question is one. Neil a lot of their stuff is in there, is that right . Yes, some of the implementations or the ships they go into it. I think that they can make more. Im not confident that its intel is the rest of the broader industry. Neil therere so many players but some of them have devices and apple is chief amongst them. That is right and this is something thats very interesting to me. Looking at the relative difference is what is the form factor and what does this look like. And when injectors, i dont know what the endgame is here. What i do know is that we are integrating a technology that is downright scary to me the. Neil what you think of the whole google thing taking over the world, glasses, contacts, you name it, devices like the thermometers and other devices . You better buy a tomtom and a sundial. If we dont like this, stage two. In the next five or 10 years the government will be able to track in ways that we havent dreamed up yet. From an investors standpoint theres a lot to talk about and theres billions of dollars waiting. Neil thats right. Have a good night from westworld at scottale the 43rd annual barrettjackson Collector Car auction is presented by ford and it has been a fantastic friday no doubt. Theres a look inside the main auction hall. Tens of thousands of people have seen Something Special here on friday. I dont know if anybody expected the kind of prices we have seen. Wetalk a lot about Super Saturday prime time with the very cicest cars will cross the block. But friday has been Something Special. Hello. Im bob varsha. I hope you were with us