usaa. we know what it means to serve. >>> yellen on the hill. president obama's nominee to lead the fed will try to convince a senate banking committee she's right for the job. >> i'm a big fan of money. i like it. i use it. i have a little. i keep it in a jar on top my refrigerator. i'd like to put more in that jar. that's where you come in. >>> senator heidi heitkamp will tell us what to expect. >>> obama care enrollment numbers fall short. we'll ask house majority whip kevin mccarthy if changes to the law are politically possible. >>> breaking economic data -- [ sirens ] -- government numbers on jobs, productivity hitting the tape at 8:30 a.m. eastern. the third hour of "squawk box" starts right now. ♪ why do you build me up build me up ♪ ♪ buttercup baby just to let me down ♪ ♪ let me down ♪ >> you know, my wife, one of her favorite songs when she was a little girl. welcome back to "squawk box," first in business worldwide, and our guest host this morning, gary kaminski, vice chairman. think about that. b.c. whoa, that's the thin

usaa. we know what it means to serve. >>> welcome back so "squawk box," everyone. we are reporting live from the baron investment conference today at the oprah house in lincoln center. joining us this morning is michael livert. by the way, he just bought 200,000 shares of twitter on its opening day. we're going to talk to him about that. also, we're joined by jeff colich from the baron real estate fund. his real estate fund has been ranked by both lipper and morning star. it's the fastest growing baron fund this year. thanks for being here. >> thank you for having us. >> so i have to ask you about twitter. you've got 200,000 shares of this, mike. what happened? wa did you think of it? what do you think now? first of all, what price did you get it at? >> we got it at the ipo price and thought it was very attractive. >> adds at 26, not 45. >> correct. there are very few platform companies out there and twitter is up there with facebook and linkedin and google. you think about the size of the internet advertising market. tha

usaa. we know what it means to serve. >>> welcome back everybody. the national e kmors market is expanding more than twice it is in the united states. our next guest is looking to cash in on the growing opportunity. joining me now, michael, the ceo of border free. it works with a lot of retailers. you help with web presence overseas setting up? >> that's right. border free is a global company to work with retailers helping them extend online to sell around the world. >> j crew, macy, crate and barrel, a lot of brands people know. i go to macy's come or neiman marcus and it looks like a normal site. what does it provide? >> technology that detects where the consumer is coming from and helps them flip the site into context that makes sense to the international user. you're coming from the u.s. >> you'll make it in portuguese if you know i speak that language. you know based on my ip address? >> that's right. it shows local currency and products you can buy for that particular country. >> i imagine there are complications trying to sell to other countr

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usaa. we know what it means to serve. >>> welcome back, everybody. tuesday is not usually a popular day of the week to say "i do" but today happens to mark 11/12/13 on the calendar and that makes it a highly desirable wedding date for thousands of brides. according to a study conducted by david's bridal 3300 brides will marry today, an increase of about 800% from a year ago. the study also found that 40% of brides would consider planning their big day on a special calendar date in particular. here is the ceo of men's warehouse. >> every time there is an american ano, ma'am loin the calendar we see that shift the wedding business. for example, whenever the 13th day of a month falls on a saturday, weddings fall off. when the calendar said 9/10/11 it was one of the biggest days. when the calendar said 7/7/7, one of the biggest wedding days we ever experienced. >> hoping for a lucky date for your nuptials, keep in mind only one calendar date this century comp brides of three sequential numbers,

usaa. we know what it means to serve. >>> shares of cognizant intelligent up 40% over the past five months. currently trading near all-time highs. the company's ceo earnings as you reported and not all of this is from helping the states, some of the insurance companies set up these exchanges. is it? business has just been good in general. >> no. we had a terrific quarter. we reported the 22% year on year. that's really good top line growth. he had gietance for the full year up over 20%. stronger growth than last year. we'll do at least $8.84 had billion revenue this year. growth was very, very broad based. our health care business did well, but all of our other sectors did well, too. >> talk about how are you satisfying what insurance companies need to set up exchanges. do they come to you for that? >> yeah. well, you know, the health insurance companies need to participate in the exchanges. all of us, and, of course, getting ready for the additional volume to gear up operations for the add

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usaa. we know what it means to serve. >>> institutional investors out with the pension 40. a list of most important players. our next guest a top the list at number one because she's powerful. joining us now from washington randy weingarten the president of the american federation of teachers. good to see you again. you were on a couple of weeks ago. i definitely don't want to argue. i don't know how to define befits in the zero interest rate environment with the fed and easing. i thought it made since everyone switch to contribution because you look at assumptions made a year ago six to seven percent. it looks like you're dooming to failure if you stick with the define benefit system. it seems impossible to work. >> look, i'm not the mathematici mathematician. first off, thank you for having me on the show. >> you're welcome. >> the national institute of employment retirement security just came out with a study that shows defined benefit plans actually are 46% cheaper than define contribution plans. in fact both west virginia and nebraska switched from defined contribution

usaa. we know what it means to serve. >>> welcome back to "squawk box." about 140 million people plan to shop online or in stores during thanksgiving weekend. that's actually down, believe it or not, from the 147 million who planned to shop last year. about a quarter said that they would plan to shop on thanksgiving day. >>> we are just a few minutes from the import and export prices for december. stay tuned. we're going to talk to fred smith, chairman and ceo of global shipper, fedex. this is jack johnson. we'll be right back. ything? there's 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 couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] introducing fedex one rate. (announcer) at scottrade, our clto make their money do more.re (ann) to help me plan my next move, i take scottrade's

usaa. we know what it means to serve. >>> our next guest has $10 billion -- the did you bring any? you the didn't bring any of the 10 billion. the lead portfolio manager at scout international fund. is there a place in the world that in the last three months has become much more attractive for scout? >> europe in general and germany in particular. >> why germany? >> well, they're the leader of europe. >> but they're -- suddenly we don't like them because they have an export economy. >> well, they've got an export economy like china and their own political problems where angela merkel won the election, but part of it was at the cost of her junior partner. now she's got to make a deal with the socialists through the greens they still haven't worked that one out. it isn't perfect. but the things like in the auto industry germany dominates the auto industry. >> what are the themes. are there the same themes globally you're using to find attractive companies? does it matter? >> well, some of -- yeah, there's global themes. and one of which is we like consumer, discretionary and autos in

usaa. we know what it means to serve. . . . . >>> welcome back to "squawk box" this morning. our next guest argues the majority of investors don't have the edge. once you accept this as a fate or fact, you're more likely to be better off in the long run. lars explains it all in his second book, how to invest without speculation and sleepless nights. lars is also former hedge fund manager, founder and chief of holt capital. and good morning to you. >> thanks for having me. >> you are a professional money manager, or were, actively managing stocks. >> mm-hmm. >> and you think the whole thing is a crock? >> no, that's not exactly what i say. what i argue is just because some people have edge in the market doesn't mean that everyone has an edge. >> this is the warren buffett market. most people can't do it themselves. and there's only a handful of warrens out there. >> correct. >> and if you're going to do that, which index funds do you buy? >> buy the broadest and cheapest index you can get your hands on. in the sense if you consider only equities for a minute, although it exten

usaa. we know what it means to serve. >>> obama care off to an awful start. >> reinforce the takeoff ramp? >> no, we didn't have time. >> we'll talk to two policy experts about how the law could change your company's health plan. >>> changing the rules, your use it or lose it health plan could roll over year to year and you could use electronic devices during your airline flight. >> i just always leave my phone on and nothing happens. >> yeah. >> plus, cnbc wealth editor robert frank doing hardship duty at the ft. lauderdale boat show. >> it's easy to grin when your ship comes in and you've got the stock market beat. the man worthwhile is a man who can smile when his shorts are too tight in the seat. >> how american yacht makers are challenging the european establishment. the third hour of "squawk box" starts right now. ♪ >>> welcome back to "squawk box" here on cnbc first in business worldwide. that was your homework. did you ever watch it? >> yes, years ago. >> caddy shack. the producer

usaa. we know what it means to serve. >>> the problems with healthcare.gov have been well publici publicized. the site took a couple of years to build. our next guest is part of a team that built a health insurance website that comparison shops in just three days for several hundred dollars. this was three guys sitting around coding. they met with the creators of the healthsherpa.com last night. joining us from san francisco is george, the co-creator of the health sherpa. and thanks for being here today. >> good morning, thanks for having me. >> so you sat around in three days with three of your friends and were able to code a site that comparison shops? how did you do it? >> so we took the data that was publicly available from data.healthcare.gov, that's the government's data hub. and reposted it with an easier to use interface on top of it where you can basically say, hey, here's where i am and see what plans are available to you. >> yeah, i have to say, i was skeptical when i first heard

usaa. we know what it means to serve. >>> think your company's health insurance plan is safe? well, a new study says as many as 100 million small and large business policies could be canceled next year. find out where the cuts could hit hardest. >>> goldman's bond guru expecting job growth in the near future. calling it the housing handoff. how to prepare your portfolio. >> sir richard branson joining us to talk about the future of space flight and more. >>> catching fire, the second installment in the "hunger game" series expected to be a big draw at the box office this weekend. the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" on cnbc, first in business worldwide. i'm joe kernan along with becky quick and andrew, my good sport, because the wine cooler jokes go all the way back to faber, 17, 18 years. >> i know. >> if you're in manhattan, i'm going to say you drink wine coolers. >> and you drink white wine. >> i go, make it two of those. >> i prefer chilled zima. has to be chilled. >> our guest host this morning, definitely, i can tell you are